1








                                                                    Exhibit 4.22



         FIRST AMENDMENT TO DECLARATION OF TRUST, dated as of August 25, 2000
(the "First Amendment to Declaration of Trust"), between AXA Financial, Inc.
(formerly known as The Equitable Companies Incorporated), a Delaware
corporation, as Sponsor, and The Bank of New York, a new York Banking
corporation, not in its individual capacity but solely as trustee (the "Delaware
Trustee"), The Bank of New York (Delaware), a Delaware banking corporation, not
in its individual capacity but solely as trustee (the "Delaware Trustee"), and
Stanley B. Tulin, Kevin R. Byrne and Tracey A. Dedrick, each not in his or her
individual capacity but solely as trustee (the Property Trustee, Delaware
Trustee and each such individual as trustee, collectively the "Trustees").

         WHEREAS, the Sponsor and the Trustees have entered into a Declaration
of Trust, dated January 14, 1998, with respect to EQ Capital Trust IV (the
"Declaration of Trust"); and

         WHEREAS, the Sponsor and the Trustees desire to amend the Declaration
of Trust to change the name of EQ Capital Trust IV to AXA Financial Capital
Trust IV;

         NOW THEREFORE, The Sponsor and Trustees hereby agree as follows:

         1. Amendment. Paragraph 1 of the Declaration of Trust will be amended
         by deleting "EQ Capital Trust IV" and inserting in its place "AXA
         Financial Capital Trust IV."

         2. This First Amendment to Declaration of Trust may be executed in one
   or more counterparts.



   2




         IN WITNESS WHEREOF, the parties hereto have caused this First Amendment
to Declaration of Trust to be duly executed as of the day and year first above
written.

                                           AXA Financial, Inc.,
                                           as Sponsor

                                           By: /s/ Stanley B. Tulin
                                               -------------------------------
                                               Name: Stanley B. Tulin
                                               Title: Vice Chairman of the
                                                      Board and Chief
                                                      Financial Officer

                                           The Bank of New York,
                                           not in its individual capacity
                                           but solely as Property Trustee

                                           By: /s/ Robert A. Massimillo
                                               -------------------------------
                                               Name: Robert A. Massimillo
                                               Title: Assistant Vice President

                                           The Bank of New York (Delaware),
                                           not in its individual capacity
                                           but solely as Delaware Trustee

                                           By: /s/ William T. Lewis
                                               -------------------------------
                                               Name: William T. Lewis
                                               Title: Senior Vice President

                                              /s/ Stanley B. Tulin
                                              --------------------------------
                                              not in his individual capacity
                                              but solely as Trustee

                                              /s/ Kevin R. Byrne
                                              --------------------------------
                                              not in his individual capacity
                                              but solely as Trustee

                                              /s/ Tracey A. Dedrick
                                              --------------------------------
                                              not in her individual capacity
                                              but solely as Trustee