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| (Mark      One) | FORM      10-K |
|-----------------|----------------|

| x      | ANNUAL      REPORT PURSUANT TO SECTION 13 OR 15(d) |
|--------|----------------------------------------------------|
|   | OF      THE SECURITIES EXCHANGE ACT OF 1934        |
|   | For      the fiscal year ended December 31,2008    |

| o      | TRANSITION      REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE                              |   |
|--------|--------------------------------------------------------------------------------------------|--------|
|   | SECURITIES      EXCHANGE ACT OF 1934                                                       |   |
|   | For      the transition period      from        to |   |

|   | Delaware                             |   |   | 13-3623351               |   |
|--------|--------------------------------------|--------|--------|--------------------------|--------|
|   | (State      or other jurisdiction of |   |   | (I.R.S.      Employer    |   |
|   | incorporation      or organization)  |   |   | Identification      No.) |   |

|   | 1290      Avenue of the Americas, New York, New York |   | 10104           |   |
|--------|------------------------------------------------------|--------|-----------------|--------|
|   | (Address      of principal executive offices)        |   | (Zip      Code) |   |

|   |                     |   | Name      of each exchange on |   |
|--------|--------------------------|--------|-------------------------------|--------|
|   | Title      of each class |   | which      registered         |   |
|   | None                     |   | None                          |   |

|   | Yes | o |   | No | x |
|--------|-----|---|--------|----|---|

|   | Yes | o |   | No | x |
|--------|-----|---|--------|----|---|

|   | Yes | x  |   | No | o |
|--------|-----|---------|--------|----|---|

| Large      accelerated filer     | o                                                                     | Accelerated      filer         | o |
|----------------------------------|-----------------------------------------------------------------------|--------------------------------|---|
| Non-accelerated      filer  | x   (do      not check if a smaller reporting company) | Smaller      reporting company | o |

|   | Yes | o  |   | No | x |
|--------|-----|---------|--------|----|---|

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| Part I                                                       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           | Page   |
|--------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
|                                                         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |
| Item      1.                                                 | Business                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               | 1-1    |
|                                                         | Overview                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | 1-1    |
|                                                         | Segment      Information                                                                                                                                                                                                                                                                                                                                     | 1-1    |
|                                                         | Employees      and Financial Professionals                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      | 1-7    |
|                                                         | Competition                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                | 1-7    |
|                                                         | Regulation                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | 1-8    |
|                                                         | Parent      Company                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | 1-11   |
|                                                         | Other      Information                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 1-11   |
| Item      1A.                                                | Risk      Factors                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | 1A-1   |
| Item      1B.                                                | Unresolved      Staff Comments                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | 1B-1   |
| Item      2.                                                 | Properties                                                                                                                                                     | 2-1    |
| Item      3.                                                 | Legal      Proceedings                                                                                                                                         | 3-1    |
| Item      4.                                                 | Submission      of Matters to a Vote of Security      Holders*                                                                                                 | 4-1    |
|                                                         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |
| Part      II                                                 |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |
|                                                         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |
| Item      5.                                                 | Market      for Registrant’s Common Equity, Related Stockholder Matters and      Issuer Purchases of Equity      Securities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      | 5-1    |
| Item      6.                                                 | Selected      Financial Data*                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | 6-1    |
| Item      7.                                                 | Management’s      Discussion and Analysis of Financial Condition and Results of      Operations (“ManagementNarrative”)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | 7-1    |
| Item      7A.                                                | Quantitative      and Qualitative Disclosures About Market Risk                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                | 7A-1   |
| Item      8.                                                 | Financial      Statements and Supplementary Data                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | FS-1   |
| Item      9.                                            | Changes      In and Disagreements With Accountants On Accounting and Financial      Disclosure                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            | 9-1    |
| Item      9A(T).                                             | Controls      and Procedures                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | 9A-1   |
| Item      9B.                                                | Other      Information                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                | 9B-1   |
|                                                         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |
| Part      III                                                |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |
|                                                         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |
| Item      10.                                                | Directors,      Executive Officers and Corporate Governance*                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         | 10-1   |
| Item      11.                                                | Executive      Compensation*                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | 11-1   |
| Item      12.                                           | Security      Ownership of Certain Beneficial Owners and Management and Related      Stockholder    Matters*                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                | 12-1   |
| Item      13.                                                | Certain      Relationships and Related Transactions, and Director      Independence*                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           | 13-1   |
| Item      14.                                                | Principal      Accountant Fees and Services                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               | 14-1   |
|                                                         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |
| Part IV                                                      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |
|                                                         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |
| Item      15.                                                | Exhibits,      Financial Statement Schedules                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | 15-1   |
|                                                         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |
| Signatures                                                   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           | S-1    |
| Index      to Exhibits                                       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           | E-1    |
|                                                         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |
|                                                         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |
| *Omitted      pursuant to General Instruction I to Form 10-K |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |

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|                                                                                                                                                                                                                                                                                                                         |   |   Amount |     |   |   | %      of Total |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------|----------|--------|--------|-----------------|
|                                                                                                                                                                                                                                                                                                                         |   |               |     |   |   |            |   |   |
| Fixed      maturities                                                             |   | $                  | 37,841.3 |   |   |            | 64.0 | %  |
| Mortgages                                                                         |   |               | 5,174.0  |   |   |            | 8.8 |   |
| Equity      real      estate                                                      |   |               | 370.6    |   |   |            | 0.6 |   |
| Other      equity      investments                                                |   |               | 1,542.2  |   |   |            | 2.6 |   |
| Policy      loans                                                                 |   |               | 4,943.7  |   |   |            | 8.4 |   |
| Cash      and short-term investments (2)                                                                                                                                                                                                                                                                                     |   |               | 9,257.7  |   |   |            | 15.6 |   |
| Total                                                                             |   | $                  | 59,129.5 |   |   |            | 100.0 | %  |

| (1)   | Net      amortized cost is the cost of the General Account Investment Assets      (adjusted for impairments in value deemed to be other than temporary, if      any) less depreciation and amortization, where applicable, and less      valuation allowances on mortgage and real estate    portfolios. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2)   | Comprised      of “Cash and cash equivalents” and short-term investments included within      the “Other invested assets” caption on the consolidated balance      sheet. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| ·   | decrease      the account values of our variable life and annuity contracts which, in      turn, reduces the amount of revenue we derive from fees charged on those      account and asset values and, for annuity contracts that provide enhanced      guarantee features, increases the amount of our potential obligations      related to such enhanced guarantee features and may increase the cost of      executing product guarantee related hedges beyond what was anticipated in      the pricing of products being hedged.  This could result in an      increase in claims and reserves related to those contracts, net of any      reinsurance reimbursements or proceeds from our hedging      programs; |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | negatively      impact the value of equity securities we hold for investment, including      our investment in AllianceBernstein, thereby reducing our regulatory      capital; |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | may      increase surrenders and withdrawals of our variable life and annuity      contracts or cause contract owners to reallocate a portion of their      account balances to more conservative investment options (which may have      lower fees), which could negatively impact our future profitability and/or      increase our benefit obligations particularly if they were to remain in      such options during an equity marketincrease; |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | have      reduced and may continue to reduce demand for variable products relative      to fixed products; |
|--------------------|------------------------------------------------------------------------------------------------------------|

| ·   | could      lead to changes in estimates underlying our calculations of deferred      acquisition costs that, in turn, could accelerate our DAC and VOBA      amortization and reduce our currentearnings; |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | may      result in changes to the fair value of our GMIB reinsurance contracts,      which could reduce the amount, and/or increase the volatility, of our      earnings; and |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | decrease      the value of assets held to fund payments to employees from our qualified      pension plan, which could result in increased pension plan      costs. |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| ·   | We      could experience long-term interruptions in our service due to the      vulnerability of our information and operation systems and those of our      significant vendors to the effects of catastrophic events.  Some      of our operational systems are not fully redundant, and our disaster      recovery and business continuity planning cannot account for all      eventualities.  Additionally, unanticipated problems with our      disaster recovery systems could further impede our ability to conduct      business, particularly if those problems affect our computer-based data      processing, transmission, storage and retrieval systems and destroy      valuable data. |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | The      occurrence of a pandemic disease such as the Avian Influenza Virus (H5N1)      could have a material adverse effect on our liquidity and the operating      results of the Financial Advisory/Insurance Segment due to increased      mortality and, in certain cases, morbidity  rates. |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | The      occurrence of any pandemic disease, natural disaster or terrorist attacks      or any catastrophic event that results in our workforce being unable      to be physically located at one of our facilities could result in lengthy      interruptions in our service. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | A      localized catastrophic event that affects the location of one or more of      our COLI and/or employer sponsored life insurance customers could cause a      significant loss due to the corresponding mortality  claims. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Another      terrorist attack in the United States could have severe negative effects      on our investment portfolio and disrupt our business      operations.  Any continuous and heightened threat of terrorist      attacks could also result in increased costs of    reinsurance. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| ·   | the      amount of benefits potentially payable by the Insurance Group under the      enhanced guarantee features offered in certain products, particularly the      Accumulator®      series of variable annuity products, has increased substantially, which      has increased the level of regulatory capital and reserves that the      Insurance Group needs to maintain to support these      products.  The Insurance Group’s risk management program, which      principally utilizes reinsurance and hedging, mitigated, but did not fully      offset, the economic effect of these potential benefit      increases. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | AllianceBernstein’s      assets under management, consolidated results of operations, the value of      the Insurance Group’s investment in AllianceBernstein, and the level of      distributions paid by AllianceBernstein to AXA Financial Group have all      declined materially.  In particular, the decline in value of the      Insurance Group’s investment in AllianceBernstein has had a material      negative impact on the Insurance Group’s regulatory capital      levels. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | the      significant declines in Separate Accounts balances have reduced the fee      income being earned on suchaccounts. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------|

| ·   | the      Insurance Group experienced an increase in writedowns of fixed maturities      and unrealized losses. |
|--------------------|----------------------------------------------------------------------------------------------------------------|

| ·   | the      demand for the Insurance Group’s products has been and will likely      continue to be adversely affected. |
|--------------------|---------------------------------------------------------------------------------------------------------------------------|

| ·   | Regulatory      Capital.  AXA Financial received a total of $3.00 billion      in financing from AXA and used the proceeds to make a $2.00 billion      capital contribution to AXA Bermuda and a $1.00 billion capital      contribution to AXA Equitable. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Reinsurance.  As      part of its ongoing capital management efforts, AXA Equitable ceded to AXA      Bermuda a 100% quota share of all liabilities for variable annuity GMBD      and GMIB riders issued on or after January 1, 2006 and in-force on      September 30, 2008. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Insurance Product      Offerings.  The Insurance Group revised and/or eliminated      the sale of certain annuity and life insurance products, taking into      account customer needs and preferences, competitive market considerations,      risk management and capital utilization, among other      factors.  The Insurance Group may offer new and/or different      products, and it may also further revise, suspend or discontinue one or      more of its product offerings as conditions in the marketplace and capital      markets develop. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Risk Management. The      Insurance Group has continued to evaluate, refine and enhance its hedging      and other risk managementstrategies. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------|

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|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   | 2008               |   |   | 2007   |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------|--------|--------|--------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   | (In      Millions) |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |               |   |   |   |   |
| (Losses)      Earnings from Discontinued Operations, Net of IncomeTaxes:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |               |   |   |   |   |
| Wind-up      Annuities                                                                                                                      |   | $                  | (27.5  | )      |   | $      | (.1 | ) |
| Real      estate      held-for-sale                                                                                                         |   |               | 1.5    |   |   |   | (6.7 | ) |
| Disposal      of business -      Enterprise                                                                                                 |   |               | (3.5   | )      |   |   | (2.4 | ) |
| Total                                                                                                                                       |   | $                  | (29.5  | )      |   | $      | (9.2 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |               |   |   |   |   |   |   |
| Gains      (Losses) on Disposal of Discontinued Operations,Net      of Income Taxes:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |               |   |   |   |   |   |   |
| Real      estate      held-for-sale                                                                                                         |   | $                  | 6.3    |   |   | $      | 3.1 |   |
| Disposal      of business -      Enterprise                                                                                                 |   |               | 1.2    |   |   |   | (6.7 | ) |
| Total                                                                                                                                       |   | $                  | 7.5    |   |   | $      | (3.6 | ) |

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|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   | 2008   |     |   | 2007   |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|----------|--------|--------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |   |     |   |   |   |
| Universal      life and investment-type product policy fee income                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   | $      | 3,175.0  |   |   | $      | 2,973.1 |   |
| Premiums                                                                                                                                                        |   |   | 1,522.1  |   |   |   | 1,561.6 |   |
| Net      investment      income                                                                                                                                 |   |   | 9,505.2  |   |   |   | 3,235.7 |   |
| Investment      losses,      net                                                                                                                                |   |   | (490.4   | )      |   |   | (63.2 | ) |
| Commissions,      fees and other      income                                                                                                                    |   |   | 2,965.3  |   |   |   | 1,167.2 |   |
| Total      revenues                                                                                                                                                                           |   |   | 16,677.2 |   |   |   | 8,874.4 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |   |     |   |   |   |   |   |
| Policyholders’      benefits                                                                                                                              |   |   | 5,744.9  |   |   |   | 3,089.8 |   |
| Interest      credited to policyholders’ account      balances                                                                                            |   |   | 1,202.8  |   |   |   | 1,192.3 |   |
| Compensation      and      benefits                                                                                                                             |   |   | 921.9    |   |   |   | 1,104.2 |   |
| Commission      costs                                                                                                                                           |   |   | 1,318.0  |   |   |   | 1,624.7 |   |
| Interest      expense                                                                                                                                           |   |   | 135.4    |   |   |   | 177.5 |   |
| Amortization      of DAC and      VOBA                                                                                                                          |   |   | 2,975.0  |   |   |   | 1,217.5 |   |
| Capitalization      of      DAC                                                                                                                                 |   |   | (1,438.0 | )      |   |   | (1,806.1 | ) |
| Rent      expense                                                                                                                                               |   |   | 102.0    |   |   |   | 99.4 |   |
| Amortization      of other intangible assets,      net                                                                                                          |   |   | 2.3      |   |   |   | 33.7 |   |
| All      other operating costs and      expenses                                                                                                                |   |   | 790.3    |   |   |   | 799.5 |   |
| Total      benefits and other      deductions                                                                                                                                                 |   |   | 11,754.6 |   |   |   | 7,532.5 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |   |     |   |   |   |   |   |
| Earnings      from Continuing Operations before                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |   |     |   |   |   |   |   |
| Income      Taxes and Minority      Interest                                                                                                                                   |   | $      | 4,922.6  |   |   | $      | 1,341.9 |   |

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|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   | 2008   |    |   | 2007   |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|---------|--------|--------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |   |    |   |   |   |
| Revenues:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |   |    |   |   |   |
| Investment      advisory and services fees (1)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   | $      | 2,839.5 |   |   | $      | 3,386.2 |   |
| Distribution      revenues                                                                                                                           |   |   | 378.4   |   |   |   | 473.4 |   |
| Institutional      research      services                                                                                                            |   |   | 471.7   |   |   |   | 423.6 |   |
| Other      revenues(1)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |   | 121.0   |   |   |   | 126.8 |   |
| Commissions,      fees and other      income                                                                                                                        |   |   | 3,810.6 |   |   |   | 4,410.0 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |   |    |   |   |   |   |   |
| Investment      (losses)      income                                                                                                                 |   |   | (257.4  | )      |   |   | 313.7 |   |
| Less:      interest expense to finance trading      activities                                                                                       |   |   | (36.5   | )      |   |   | (194.4 | ) |
| Net      investment (losses)      income                                                                                                                            |   |   | (293.9  | )      |   |   | 119.3 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |   |    |   |   |   |   |   |
| Investment      gains,      net                                                                                                                      |   |   | 23.1    |   |   |   | 32.6 |   |
| Total      revenues                                                                                                                                                      |   |   | 3,539.8 |   |   |   | 4,561.9 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |   |    |   |   |   |   |   |
| Expenses:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |   |    |   |   |   |   |   |
| Compensation      and      benefits                                                                                                                  |   |   | 1,488.8 |   |   |   | 1,864.5 |   |
| Distribution      plan      payments                                                                                                                 |   |   | 274.4   |   |   |   | 335.1 |   |
| Amortization      of deferred sales      commissions                                                                                                 |   |   | 79.1    |   |   |   | 95.5 |   |
| Interest      expense                                                                                                                                |   |   | 61.5    |   |   |   | 78.8 |   |
| Rent      expense                                                                                                                                    |   |   | 193.0   |   |   |   | 170.5 |   |
| Amortization      of other intangible assets,      net                                                                                               |   |   | 36.6    |   |   |   | 34.9 |   |
| Other      operating costs and      expenses                                                                                                         |   |   | 552.8   |   |   |   | 659.4 |   |
| Total      expenses                                                                                                                                                      |   |   | 2,686.2 |   |   |   | 3,238.7 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |   |    |   |   |   |   |   |
| Earnings      from Continuing Operations before                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |   |    |   |   |   |   |   |
| Income      Taxes and Minority      Interest                                                                                                         |   | $      | 853.6   |   |   | $      | 1,323.2 |   |

|        (1) |  Included      fees earned by AllianceBernstein totaling $38.7 million and $41.3 million      in 2008 and 2007, respectively, for services provided to the Insurance      Group. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   | December      31, |    |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------|---------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   | 2008              |    |   | 2007 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |              |    |   |   |   |
| Third      party(1)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   | $                 | 412,479 |   |   | $ | 734,774 |   |
| General      Account and other(2)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |              | 61,262  |   |   |   | 53,676 |   |
| Separate      Accounts                                                                                           |   |              | 69,501  |   |   |   | 100,175 |   |
| Total      Assets Under      Management                                                                                              |   | $                 | 543,242 |   |   | $ | 888,625 |   |

| (1)   | Included      $36.36 billion and $34.01 billion of assets managed on behalf of AXA      affiliates at December 31, 2008 and 2007, respectively.  Also      included in 2008 and 2007 are $10.15 billion and $19.75 billion,      respectively, in assets related to an Australian joint venture between      AllianceBernstein and an AXAaffiliate. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2)   | Included      invested assets of AXA Financial Group not managed by AllianceBernstein,      principally cash and short-term investments and policy loans, totaling      approximately $22.9 billion and $12.5 billion at December 31, 2008 and      2007, respectively, as well as mortgages and equity real estate totaling      $5.7 billion and $5.8 billion at December 31, 2008 and 2007,      respectively. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| ·   | At      December 31, 2008, AXA Equitable and MONY Life had outstanding $650.0      million and $50.0 million of 5.40% senior unsecured notes issued by AXA      affiliates.  Additionally, at that date, AXA Bermuda had a      $500.0 million note issued by AXA outstanding with an interest rate of      LIBOR plus 3.20% maturing on December 15,2015. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|               |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| ·   | AllianceBernstein      provides investment management and related services to AXA, AXA Financial      Group and certain of their subsidiaries and affiliates.  In      2001, AllianceBernstein entered into joint ventures with AXA Asia Pacific      Holdings Limited, an AXA affiliate, and recognized management fees of      $68.3 million, $77.6 million and $61.1 million in 2008, 2007 and 2006,      respectively, of which approximately $19.6 million, $22.9 million and      $21.3 million, respectively, were from AXA affiliates and $9.7 million,      $11.1 million and $8.8 million, respectively, were attributed to minority      interest. |

|   |   |
|--------|--------|

| ·   | AXA      Financial, AXA Equitable and AllianceBernstein, along with other AXA      affiliates, participate in certain cost sharing and servicing agreements,      which include technology and professional development      arrangements.  Payments by AXA Financial Group to AXA under such      agreements totaled approximately $45.3 million, $32.9 million and $30.1      million in 2008, 2007 and 2006, respectively.  Payments by AXA      and AXA affiliates to AXA Financial Group under such agreements totaled      approximately $28.1 million, $27.7 million and $27.9 million in 2008, 2007      and 2006, respectively.  Included in the payments by AXA and AXA      affiliates to AXA Financial Group were $12.9 million, $13.5 million and      $12.6 million from AXA Tech for 2008, 2007 and 2006,      respectively.  AXA Financial Group provided and paid for certain      services at cost on behalf of AXA Tech; these costs which totaled $117.6      million, $110.7 million and $98.4 million for 2008, 2007 and 2006,      respectively, offset the amounts AXA Financial Group were charged in those      years for services provided by AXATech. |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                                                                                                                                                                                                                                                                      |   |    |      | Payments      Due by Period |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------|-----------|-----------------------------|--------|
|                                                                                                                                                                                                                                                                      |   |    |      |                        |   | Less      than |   |   |   |   |   |   |   |   |   |   |   | Over |   |
|                                                                                                                                                                                                                                                                      |   | Total   |      |                        |   | 1      year |   |   |   | 1 –      3 years |   |   |   | 4 –      5 years |   |   |   | 5      years |   |
|                                                                                                                                                                                                                                                                      |   |    |      |                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Contractual      obligations:                                                                                                                                                                                                                                             |   |    |      |                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Policyholders      liabilities -                                                                                                                                                                                                                                          |   |    |      |                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| policyholders’      account                                                                                                                                                                                                                                         |   |    |      |                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| balances,      future policy                                                                                                                                                                                                                                              |   |    |      |                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| benefits      and other                                                                                                                                                                                                                                                   |   |    |      |                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| policyholders      liabilities (1)                                                                                                                                                                                                                                        |   | $       | 104,284.1 |                        |   |   | $ | 3,060.4 |   |   |   | $ | 5,848.8 |   |   |   | $ | 5,833.8 |   |   |   | $ | 89,541.1 |   |
| Long-term      debt                                                    |   |    | 1,331.9   |                        |   |   |   | - |   |   |   |   | 780.0 |   |   |   |   | - |   |   |   |   | 551.9 |   |
| Loans      from      affiliates                                        |   |    | 4,530.0   |                        |   |   |   | 250.0 |   |   |   |   | - |   |   |   |   | - |   |   |   |   | 4,280.0 |   |
| Operating      leases                                                  |   |    | 3,454.1   |                        |   |   |   | 217.5 |   |   |   |   | 419.7 |   |   |   |   | 429.2 |   |   |   |   | 2,387.7 |   |
| Employee      benefits                                                 |   |    | 3,090.8   |                        |   |   |   | 307.7 |   |   |   |   | 622.9 |   |   |   |   | 626.7 |   |   |   |   | 1,533.5 |   |
|                                                                                                                                                                                                                                                                      |   |    |      |                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total      Contractual                                                                                                                                                                                                                                                    |   |    |      |                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Obligations                                                                                     |   | $  | 116,690.9 |                        |   |   | $ | 3,835.6 |   |   |   | $  | 7,671.4 |   |   |   | $ | 6,889.7 |   |   |   | $ | 98,294.2 |   |

| (1)   | Policyholders      liabilities represent estimated cash flows out of the General Account      related to the payment of death and disability claims, policy surrenders      and withdrawals, annuity payments, minimum guarantees on Separate Account      funded contracts, matured endowments, benefits under accident and health      contracts, policyholder      dividends and future renewal premium-based and fund-based commissions      offset by contractual future premiums and deposits on in-force      contracts.  These estimated cash flows are based on mortality,      morbidity and lapse assumptions comparable with the AXA Financial Group’s      experience and assume market growth and interest crediting consistent with      assumptions used in amortizing DAC and VOBA.  These amounts are      undiscounted and, therefore, exceed the Policyholders’ account balances      and Future policy benefits and other policyholder liabilities included in      the consolidated balance sheet included elsewhere herein.  They      do not reflect projected recoveries from reinsurance      agreements.  Due to the use of assumptions, actual cash flows      will differ from these estimates (see “Critical Accounting Estimates –      Future Policy Benefits”).  Separate Accounts liabilities have      been excluded as they are legally insulated from General Account      obligations and will be funded by cash flows from Separate Accounts      assets. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

----

----

----

|                                                                                                                                                                                                                                                                                        |   | December      31, 2008 |     |   | December      31, 2007 |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------|----------|--------|------------------------|--------|
|                                                                                                                                                                                                                                                                                        |   |                   |     |   | Balance      After     |   |   |   |   |   | Balance      After |   |
|                                                                                                                                                                                                                                                                                        |   | Fair                   |     |   | +100      Base         |   |   | Fair |   |   | +100      Basis |   |
|                                                                                                                                                                                                                                                                                        |   | Value                  |     |   | Point      Change      |   |   | Value |   |   | Point      Change |   |
| Insurance Group                                                                                                                                                                                                                                                                             |   |                   |     |   |                   |   |   |   |   |   |   |   |
| Continuing      Operations:                                                                                                                                                                                                                                                                 |   |                   |     |   |                   |   |   |   |   |   |   |   |
| Fixed      maturities:                                                                                                                                                                                                                                                                      |   |                   |     |   |                   |   |   |   |   |   |   |   |
| Fixed      rate                                                           |   | $                      | 33,873.3 |   |                   | $      | 32,215.8 |   |   | $ | 35,925.5 |   |   | $ | 34,065.9 |   |
| Floating      rate                                                        |   |                   | 660.3    |   |                   |   | 657.2 |   |   |   | 356.6 |   |   |   | 356.1 |   |
| Mortgage      loans                                             |   |                   | 5,039.6  |   |                   |   | 4,830.6 |   |   |   | 5,237.0 |   |   |   | 5,002.8 |   |
|                                                                                                                                                                                                                                                                                        |   |                   |     |   |                   |   |   |   |   |   |   |   |   |   |   |   |
| Wind-up Annuities:                                                                                                                                                                                                                                                                          |   |                   |     |   |                   |   |   |   |   |   |   |   |   |   |   |   |
| Fixed      maturities:                                                                                                                                                                                                                                                                      |   |                   |     |   |                   |   |   |   |   |   |   |   |   |   |   |   |
| Fixed      rate                                                           |   | $                      | 602.2    |   |                   | $      | 581.9 |   |   | $ | 705.0 |   |   | $ | 678.5 |   |
| Mortgage      loans                                             |   |                   | 1.3      |   |                   |   | 1.2 |   |   |   | 2.3 |   |   |   | 2.3 |   |
|                                                                                                                                                                                                                                                                                        |   |                   |     |   |                   |   |   |   |   |   |   |   |   |   |   |   |
| AXA Financial                                                                                                                                                                                                                                                                               |   |                   |     |   |                   |   |   |   |   |   |   |   |   |   |   |   |
| Fixed      maturities:                                                                                                                                                                                                                                                                      |   |                   |     |   |                   |   |   |   |   |   |   |   |   |   |   |   |
| Fixed      rate                                                           |   | $                      | 7.4      |   |                   | $      | 6.9 |   |   | $ | 5.0 |   |   | $ | 4.7 |   |

----

|                                                                                                                                                                                                                                                                                       | December      31, 2008 |   | December      31, 2007 |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------|--------|------------------------|--------|
|                                                                                                                                                                                                                                                                                       |                   |   | Balance      After     |   |   |   | Balance      After |   |
|                                                                                                                                                                                                                                                                                       | Fair                   |   | -10%      Equity       |   | Fair |   | -10%      Equity |   |
|                                                                                                                                                                                                                                                                                       | Value                  |   | Price      Change      |   | Value |   | Price      Change |   |
|                                                                                                                                                                                                                                                                                       |                   |   |                   |   |   |   |   |   |   |   |   |   |
| Insurance      Group                                                                                                                                                                                                                                                                       |                   |   |                   |   |   |   |   |   |   |   |   |   |
| Continuing      operations                                               |                   | $      | 57.5                   |   |   | $ | 51.7 |   |   | $ | 25.6 |   |   | $ | 23.1 |   |
|                                                                                                                                                                                                                                                                                       |                   |   |                   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| AXA      Financial                                             |                   | $      | -                      |   |   | $ | - |   |   | $ | .2 |   |   | $ | .2 |   |

----

|                                                                                                                                                                                                                                                            | December      31, 2008 |   | December      31, 2007 |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------|--------|------------------------|--------|
|                                                                                                                                                                                                                                                            |                   |   | Balance      After     |   |   |   | Balance      After |   |
|                                                                                                                                                                                                                                                            | Fair                   |   | -100      Basis        |   | Fair |   | -100      Basis |   |
|                                                                                                                                                                                                                                                            | Value                  |   | Point      Change      |   | Value |   | Point      Change |   |
|                                                                                                                                                                                                                                                            |                   |   |                   |   |   |   |   |   |   |   |   |   |
| Insurance      Group                                                                                                                                                                                                                                            |                   |   |                   |   |   |   |   |   |   |   |   |   |
| Continuing      Operations:                                                                                                                                                                                                                                     |                   |   |                   |   |   |   |   |   |   |   |   |   |
| Fixed      rate                                                   |                   | $      | 192.7                  |   |   | $ | 203.2 |   |   | $ | 227.3 |   |   | $ | 241.6 |   |
|                                                                                                                                                                                                                                                            |                   |   |                   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| AXA      Financial                                                                                                                                                                                                                                              |                   |   |                   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Fixed      rate                                         |                   | $      | 1,039.4                |   |   | $ | 1,077.0 |   |   | $ | 1,218.5 |   |   | $ | 1,283.4 |   |

----

|                                                                                                                                                                                      |   |     |     |   |     |   | Interest      Rate Sensitivity |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------|----------|--------|----------|--------|--------------------------------|--------|
|                                                                                                                                                                                      |   |     |     |   | Weighted |   |                           |   |   |   |   |   |   |
|                                                                                                                                                                                      |   |     |     |   | Average  |   | Balance      After             |   |   |   |   | Balance      After |   |
|                                                                                                                                                                                      |   | Notional |     |   | Term     |   | -100      Basis                |   |   | Fair |   | +100      Basis |   |
|                                                                                                                                                                                      |   | Amount   |     |   | (Years)  |   | Point      Change              |   |   | Value |   | Point      Change |   |
| December      31, 2008                                                                                                                                                                    |   |     |     |   |     |   |                           |   |   |   |   |   |   |
| Insurance      Group:                                                                                                                                                                     |   |     |     |   |     |   |                           |   |   |   |   |   |   |   |
| Options:                                                                                                                                                                                  |   |     |     |   |     |   |                           |   |   |   |   |   |   |   |
| Interest      rate      floors                               |   | $        | 21,000.0 |   |     |   | 5.66                           |   | $ | 871.1 |   |   | $ | 547.0 |   |   | $ | 452.0 |   |
| S&P      puts/calls                                      |   |     | 1,750.0  |   |     |   | 1.00                           |   |   | 163.1 |   |   |   | 31.1 |   |   |   | (122.0 | ) |
| Futures                                       |   |     | 20,536.7 |   |     |   | .22                            |   |   | 1,339.0 |   |   |   | - |   |   |   | (1,339.0 | ) |
| Interest      rate swaps                                                                                                                                                                  |   |     | 4,687.0  |   |     |   | 9.92                           |   |   | 1,209.9 |   |   |   | 761.5 |   |   |   | 346.9 |   |
| Total                               |   | $        | 47,973.7 |   |     |   |                           |   | $ | 3,583.1 |   |   | $ | 1,339.6 |   |   | $ | (662.1 | ) |
|                                                                                                                                                                                      |   |     |     |   |     |   |                           |   |   |   |   |   |   |   |   |   |   |   |   |
| December      31, 2007                                                                                                                                                                    |   |     |     |   |     |   |                           |   |   |   |   |   |   |   |   |   |   |   |   |
| Insurance      Group:                                                                                                                                                                     |   |     |     |   |     |   |                           |   |   |   |   |   |   |   |   |   |   |   |   |
| Options:                                                                                                                                                                                  |   |     |     |   |     |   |                           |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest      ratefloors                                                                                                                          |   | $        | 27,000.0 |   |     |   | 3.25                           |   | $ | 193.2 |   |   | $ | 162.9 |   |   | $ | (79.0 | ) |
| Futures                                       |   |     | 1,159.4  |   |     |   | .22                            |   |   | 71.0 |   |   |   | - |   |   |   | (71.0 | ) |
| Interest      rate swaps                                                                                                                                                                  |   |     | 125.0    |   |     |   | 9.14                           |   |   | 9.3 |   |   |   | 4.9 |   |   |   | (9.2 | ) |
| AXA      Financial:                                                                                                                                                                       |   |     |     |   |     |   |                           |   |   |   |   |   |   |   |   |   |   |   |   |
| 3rd      party swaps                                                                                                                                                                      |   |     | 850.0    |   |     |   | 1.5                            |   |   | (6.8 | ) |   |   | 4.8 |   |   |   | 16.5 |   |
| Total                               |   | $        | 29,134.4 |   |     |   |                           |   | $ | 266.7 |   |   | $ | 172.6 |   |   | $ | (142.7 | )  |

|                                                                                                                                                                            |   |   |      |   |   |   | Equity      Sensitivity |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|-----------|--------|--------|--------|-------------------------|--------|
|                                                                                                                                                                            |   |   |      |   |   |   |                    |   | Balance      after |   |
|                                                                                                                                                                            |   |   |      |   |   |   | Fair                    |   | -10%      Equity |   |
|                                                                                                                                                                            |   |   |      |   |   |   | Value                   |   | Price      Shift |   |
| December      31, 2008                                                                                                                                                          |   |   |      |   |   |   |                    |   |   |   |   |   |
| Insurance      Group:                                                                                                                                                           |   |   |      |   |   |   |                    |   |   |   |   |   |
| Futures                             |   | $      | (14,163.7 | )      |   |   | .22                     |   |   | $ | - |   |   | $ | 141.7 |   |
|                                                                                                                                                                            |   |   |      |   |   |   |                    |   |   |   |   |   |   |   |   |   |
| December      31, 2007                                                                                                                                                          |   |   |      |   |   |   |                    |   |   |   |   |   |   |   |   |   |
| Insurance      Group:                                                                                                                                                           |   |   |      |   |   |   |                    |   |   |   |   |   |   |   |   |   |
| Futures                             |   | $      | (5,081.1  | )      |   |   | .22                     |   |   | $ | - |   |   | $ | 508.1 |   |

----

|                                                                                                                                                                                                                                                                            | December      31, 2008 |   | December      31, 2007 |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------|--------|------------------------|--------|
|                                                                                                                                                                                                                                                                            |                   |   | Balance      After     |   |   |   | Balance      After |   |
|                                                                                                                                                                                                                                                                            | Fair                   |   | +100      Basis Point  |   | Fair |   | +100      Basis Point |   |
|                                                                                                                                                                                                                                                                            | Value                  |   | Change                 |   | Value |   | Change |   |
|                                                                                                                                                                                                                                                                            |                   |   |                   |   |   |   |   |   |
| Fixed      Income Investments:                                                                                                                                                                                                                                                  |                   |   |                   |   |   |   |   |   |   |   |   |   |
| Trading                                             |                   | $      | 76.2                   |   |   | $ | 73.1 |   |   | $ | 106.2 |   |   | $ | 101.0 |   |
| Available-for-sale      and other                                                                                                                                                                                                                                               |                   |   |                   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| investments                                                   |                   |   | .2                     |   |   |   | .2 |   |   |   | 28.4 |   |   |   | 27.0 |   |

|                                                                                                                                                                                                                                                          | December      31, 2008 |   | December      31, 2007 |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------|--------|------------------------|--------|
|                                                                                                                                                                                                                                                          |                   |   | Balance      After     |   |   |   | Balance      After |   |
|                                                                                                                                                                                                                                                          | Fair                   |   | -10%      equity Price |   | Fair |   | -10%      Equity Price |   |
|                                                                                                                                                                                                                                                          | Value                  |   | Change                 |   | Value |   | Change |   |
|                                                                                                                                                                                                                                                          |                   |   |                   |   |   |   |   |   |   |   |   |   |
| Equity      Investments:                                                                                                                                                                                                                                      |                   |   |                   |   |   |   |   |   |   |   |   |   |
| Trading                                          |                   | $      | 246.4                  |   |   | $ | 221.8 |   |   | $ | 466.1 |   |   | $ | 419.5 |   |
| Available      for sale and other                                                                                                                                                                                                                             |                   |   |                   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| investments                                                     |                   |   | 255.1                  |   |   |   | 229.6 |   |   |   | 314.5 |   |   |   | 283.0 |   |

----

| Report      of Independent Registered Public Accounting      Firm                                                                                                                                 | F-1    |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |
| Consolidated      Financial Statements:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |
| Consolidated      Balance Sheets, December 31, 2008 and      2007                                                                                                                                           | F-2    |
| Consolidated      Statements of Earnings, Years Ended December 31, 2008, 2007 and      2006                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | F-3    |
| Consolidated      Statements of Shareholder’s Equity and Comprehensive    Income,                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |
| Years      Ended December 31, 2008, 2007 and      2006                                                                                                                                                                | F-4    |
| Consolidated      Statements of Cash Flows, Years Ended December 31, 2008, 2007 and      2006                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | F-5    |
| Notes      to Consolidated Financial      Statements                                                                                                                                                        | F-7    |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |
| Report      of Independent Registered Public Accounting Firm on Consolidated Financial      Statement Schedules                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | F-68   |
| Consolidated      Financial Statement Schedules:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |
| Schedule      I - Summary of Investments - Other than Investments in Related      Parties,                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |
| December      31,      2008                                                                                                                                                                                           | F-69   |
| Schedule      II - Balance Sheets (Parent Company), December 31, 2008 and      2007                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               | F-70   |
| Schedule      II - Statements of Earnings (Parent Company),                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |
| Years      Ended December 31, 2008, 2007 and      2006                                                                                                                                                                | F-71   |
| Schedule      II - Statements of Cash Flows (Parent Company),                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |
| Years      Ended December 31, 2008, 2007 and      2006                                                                                                                                                                | F-72   |
| Schedule      III - Supplementary Insurance Information,                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |
| Years      Ended December 31, 2008, 2007 and      2006                                                                                                                                                                | F-73   |
| Schedule      IV - Reinsurance, Years Ended December 31, 2008, 2007 and    2006                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | F-76   |

----

----

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   | 2008               |      |   | 2007   |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------|-----------|--------|--------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   | (In      Millions) |      |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |               |      |   |   |   |
| ASSETS                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |               |      |   |   |   |
| Investments:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |               |      |   |   |   |
| Fixed      maturities available for sale, at estimated fair value                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   | $                  | 33,415.9  |   |   | $      | 35,663.7 |   |
| Mortgage      loans on real      estate                                                                                                                                  |   |               | 5,174.0   |   |   |   | 5,210.4 |   |
| Equity      real estate, held for the production of      income                                                                                                          |   |               | 370.3     |   |   |   | 382.0 |   |
| Policy      loans                                                                                                                                                        |   |               | 5,045.2   |   |   |   | 5,037.3 |   |
| Other      equity      investments                                                                                                                                       |   |               | 1,789.9   |   |   |   | 1,997.2 |   |
| Trading      securities                                                                                                                                                  |   |               | 322.7     |   |   |   | 573.3 |   |
| Other      invested      assets                                                                                                                                          |   |               | 3,425.1   |   |   |   | 1,212.4 |   |
| Total      investments                                                                                                                                                                       |   |               | 49,543.1  |   |   |   | 50,076.3 |   |
| Cash      and cash      equivalents                                                                                                                            |   |               | 10,061.2  |   |   |   | 2,055.8 |   |
| Cash      and securities segregated, at estimated fair      value                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |               | 2,572.6   |   |   |   | 2,370.0 |   |
| Broker-dealer      related      receivables                                                                                                                    |   |               | 1,020.4   |   |   |   | 1,623.5 |   |
| Deferred      policy acquisition      costs                                                                                                                    |   |               | 8,503.3   |   |   |   | 9,369.9 |   |
| Goodwill      and other intangible assets,      net                                                                                                            |   |               | 5,316.1   |   |   |   | 5,380.7 |   |
| Value      of business      acquired                                                                                                                           |   |               | 666.5     |   |   |   | 610.2 |   |
| Amounts      due from      reinsurers                                                                                                                          |   |               | 4,286.6   |   |   |   | 3,435.7 |   |
| Loans      to      affiliates                                                                                                                                  |   |               | 1,143.5   |   |   |   | 691.4 |   |
| Other      assets                                                                                                                                              |   |               | 5,095.8   |   |   |   | 3,647.7 |   |
| Separate      Accounts’      assets                                                                                                                      |   |               | 69,614.4  |   |   |   | 100,011.1 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |               |      |   |   |   |   |   |
| Total      Assets                                                                                                                                              |   | $                  | 157,823.5 |   |   | $      | 179,272.3 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |               |      |   |   |   |   |   |
| LIABILITIES                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |               |      |   |   |   |   |   |
| Policyholders’      account      balances                                                                                                                |   | $                  | 28,258.8  |   |   | $      | 28,420.5 |   |
| Future      policy benefits and other policyholders liabilities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |               | 26,274.6  |   |   |   | 22,934.1 |   |
| Broker-dealer      related      payables                                                                                                                       |   |               | 934.8     |   |   |   | 595.1 |   |
| Customers      related      payables                                                                                                                           |   |               | 2,753.1   |   |   |   | 2,722.2 |   |
| Short-term      and long-term      debt                                                                                                                        |   |               | 1,625.8   |   |   |   | 2,381.5 |   |
| Loans      from      affiliates                                                                                                                                |   |               | 4,530.0   |   |   |   | 1,345.0 |   |
| Income      taxes      payable                                                                                                                                 |   |               | 2,892.5   |   |   |   | 2,580.3 |   |
| Other      liabilities                                                                                                                                         |   |               | 6,303.0   |   |   |   | 4,936.6 |   |
| Separate      Accounts’      liabilities                                                                                                                 |   |               | 69,614.4  |   |   |   | 100,011.1 |   |
| Minority      interest in equity of consolidated      subsidiaries                                                                                             |   |               | 1,662.6   |   |   |   | 1,681.2 |   |
| Minority      interest subject to redemption      rights                                                                                                       |   |               | 135.0     |   |   |   | 142.7 |   |
| Total      liabilities                                                                                                                                                                       |   |               | 144,984.6 |   |   |   | 167,750.3 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |               |      |   |   |   |   |   |
| Commitments      and contingent liabilities (Notes 2, 7,      10, 11, 12, 13, 18 and 19)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |               |      |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |               |      |   |   |   |   |   |
| SHAREHOLDER’S      EQUITY                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |               |      |   |   |   |   |   |
| Common      stock, $.01 par value, 2.00 billion shares authorized,                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |               |      |   |   |   |   |   |
| 436.2      million shares issued and outstanding                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |               | 3.9       |   |   |   | 3.9 |   |
| Capital      in excess of par      value                                                                                                                       |   |               | 1,298.9   |   |   |   | 1,250.0 |   |
| Retained      earnings                                                                                                                                         |   |               | 14,448.8  |   |   |   | 10,863.8 |   |
| Accumulated      other comprehensive      loss                                                                                                                 |   |               | (2,854.4  | )      |   |   | (478.8 | ) |
| Treasury      shares, at      cost                                                                                                                             |   |               | (58.3     | )      |   |   | (116.9 | ) |
| Total      shareholder’s      equity                                                                                                                                                   |   |               | 12,838.9  |   |   |   | 11,522.0 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |               |      |   |   |   |   |   |
| Total      Liabilities and Shareholder’s      Equity                                                                                                     |   | $                  | 157,823.5 |   |   | $      | 179,272.3 |   |

----

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |  2008         |     |   |  2007 |   |     |  2006 |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------|----------|--------|------------|--------|----------|------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   | (In      Millions) |     |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |               |     |   |       |   |     |       |   |
| REVENUES                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |               |     |   |       |   |     |       |   |
| Universal      life and investment-type product policy fee income                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   | $                  | 3,175.0  |   |       | $      | 2,973.1  |       |   | $ | 2,468.3 |   |
| Premiums                                                                                                                  |   |               | 1,522.1  |   |       |   | 1,561.6  |       |   |   | 1,581.6 |   |
| Net      investment      income                                                                                           |   |               | 9,240.9  |   |       |   | 3,386.4  |       |   |   | 3,106.6 |   |
| Investment      (losses) gains,      net                                                                                  |   |               | (467.3   | )      |       |   | (30.6    | )          |   |   | 45.0 |   |
| Commissions,      fees and other      income                                                                              |   |               | 6,669.8  |   |       |   | 5,454.4  |       |   |   | 4,637.0 |   |
| Total      revenues                                                                                                                                     |   |               | 20,140.5 |   |       |   | 13,344.9 |       |   |   | 11,838.5 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |               |     |   |       |   |     |       |   |   |   |   |
| BENEFITS      AND OTHER DEDUCTIONS                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |               |     |   |       |   |     |       |   |   |   |   |
| Policyholders’      benefits                                                                                        |   |               | 5,744.9  |   |       |   | 3,089.8  |       |   |   | 2,997.6 |   |
| Interest      credited to policyholders’ account balances                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |               | 1,202.8  |   |       |   | 1,192.3  |       |   |   | 1,216.5 |   |

| Compensation      and      benefits                                                                                               |   |   | 2,410.3  |   |   |   | 2,968.3  |   |   |   | 2,605.2  |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|----------|--------|--------|--------|----------|--------|--------|--------|----------|--------|
| Commissions                                                                                                                       |   |   | 1,318.0  |   |   |   | 1,624.7  |   |   |   | 1,295.3  |   |
| Distribution      plan      payments                                                                                              |   |   | 274.4    |   |   |   | 335.1    |   |   |   | 292.9    |   |
| Amortization      of deferred sales      commissions                                                                              |   |   | 79.1     |   |   |   | 95.5     |   |   |   | 100.4    |   |
| Interest      expense                                                                                                             |   |   | 196.9    |   |   |   | 256.3    |   |   |   | 259.3    |   |
| Amortization      of deferred policy acquisition costs and                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |   |     |   |   |   |     |   |   |   |     |   |
| value      of business      acquired                                                                                                        |   |   | 2,975.0  |   |   |   | 1,217.5  |   |   |   | 812.6    |   |
| Capitalization      of deferred policy acquisition costs                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |   | (1,438.0 | )      |   |   | (1,806.1 | )      |   |   | (1,458.8 | )      |
| Rent      expense                                                                                                                 |   |   | 295.0    |   |   |   | 269.9    |   |   |   | 244.9    |   |
| Amortization      of other intangible      assets                                                                                 |   |   | 38.9     |   |   |   | 68.6     |   |   |   | 32.4     |   |
| Other      operating costs and      expenses                                                                                      |   |   | 1,267.4  |   |   |   | 1,368.0  |   |   |   | 1,351.4  |   |
| Total      benefits and other      deductions                                                                                                                   |   |   | 14,364.7 |   |   |   | 10,679.9 |   |   |   | 9,749.7  |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |   |     |   |   |   |     |   |   |   |     |   |
| Earnings      from continuing operations before                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |   |     |   |   |   |     |   |   |   |     |   |
| income      taxes and minority      interest                                                                                                |   |   | 5,775.8  |   |   |   | 2,665.0  |   |   |   | 2,088.8  |   |
| Income      taxes                                                                                                                 |   |   | (1,850.4 | )      |   |   | (844.6   | )      |   |   | (515.9   | )      |
| Minority      interest in net income of consolidated subsidiaries                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |   | (318.4   | )      |   |   | (483.3   | )      |   |   | (445.0   | )      |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |   |     |   |   |   |     |   |   |   |     |   |
| Earnings      from continuing      operations                                                                                     |   |   | 3,607.0  |   |   |   | 1,337.1  |   |   |   | 1,127.9  |   |
| (Losses)      earnings from discontinued operations,                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |   |     |   |   |   |     |   |   |   |     |   |
| net      of income      taxes                                                                                                               |   |   | (29.5    | )      |   |   | (9.2     | )      |   |   | 36.1     |   |
| Gains      (losses) on disposal of discontinued operations,                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |   |     |   |   |   |     |   |   |   |     |   |
| net      of income      taxes                                                                                                               |   |   | 7.5      |   |   |   | (3.6     | )      |   |   | 117.2    |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |   |     |   |   |   |     |   |   |   |     |   |
| Net      Earnings                                                                                                                 |   | $      | 3,585.0  |   |   | $      | 1,324.3  |   |   | $      | 1,281.2  |   |

----

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   | 2008               |     |   | 2007   |   |     | 2006   |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------|----------|--------|--------|--------|----------|--------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   | (In      Millions) |     |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |               |     |   |   |   |     |   |   |
| SHAREHOLDER’S      EQUITY                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |               |     |   |   |   |     |   |   |
| Common      stock, at par value, beginning and end of year                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   | $                  | 3.9      |   |   | $      | 3.9      |   |   | $ | 3.9 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |               |     |   |   |   |     |   |   |   |   |   |
| Capital      in excess of par value, beginning of year                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |               | 1,250.0  |   |   |   | 1,122.4  |   |   |   | 1,047.8 |   |
| Changes      in capital in excess of par      value                                                                                   |   |               | 48.9     |   |   |   | 127.6    |   |   |   | 74.6 |   |
| Capital      in excess of par value, end of      year                                                                                 |   |               | 1,298.9  |   |   |   | 1,250.0  |   |   |   | 1,122.4 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |               |     |   |   |   |     |   |   |   |   |   |
| Retained      earnings, beginning of      year                                                                                        |   |               | 10,863.8 |   |   |   | 9,494.7  |   |   |   | 8,213.5 |   |
| Cumulative      effect adjustment to adopt FIN 48                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |               | -        |   |   |   | 44.8     |   |   |   | - |   |
| Retained      earnings, beginning of year as adjusted                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |               | 10,863.8 |   |   |   | 9,539.5  |   |   |   | 8,213.5 |   |
| Net      earnings                                                                                                                     |   |               | 3,585.0  |   |   |   | 1,324.3  |   |   |   | 1,281.2 |   |
| Retained      earnings, end of      year                                                                                              |   |               | 14,448.8 |   |   |   | 10,863.8 |   |   |   | 9,494.7 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |               |     |   |   |   |     |   |   |   |   |   |
| Accumulated      other comprehensive (loss) income,                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |               |     |   |   |   |     |   |   |   |   |   |
| beginning      of      year                                                                                                                     |   |               | (478.8   | )      |   |   | (378.9   | )      |   |   | 345.5 |   |
| Other      comprehensive      loss                                                                                                    |   |               | (2,375.6 | )      |   |   | (99.9    | )      |   |   | (142.7 | ) |
| Adjustment      to initially apply SFAS No. 158,                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |               |     |   |   |   |     |   |   |   |   |   |
| net      of income      taxes                                                                                                                   |   |               | -        |   |   |   | -        |   |   |   | (581.7 | ) |
| Accumulated      other comprehensive loss, end of year                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |               | (2,854.4 | )      |   |   | (478.8   | )      |   |   | (378.9 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |               |     |   |   |   |     |   |   |   |   |   |
| Treasury      shares at cost, beginning of      year                                                                                  |   |               | (116.9   | )      |   |   | (223.5   | )      |   |   | (364.8 | ) |
| Changes      in treasury      shares                                                                                                  |   |               | 58.6     |   |   |   | 106.6    |   |   |   | 141.3 |   |
| Treasury      shares at cost, end of      year                                                                                        |   |               | (58.3    | )      |   |   | (116.9   | )      |   |   | (223.5 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |               |     |   |   |   |     |   |   |   |   |   |
| Total      Shareholder’s Equity, End of      Year                                                                               |   | $                  | 12,838.9 |   |   | $      | 11,522.0 |   |   | $ | 10,018.6 |   |

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   | 2008               |     |   | 2007   |   |    | 2006   |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------|----------|--------|--------|--------|---------|--------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   | (In      Millions) |     |
| COMPREHENSIVE      INCOME                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |               |     |   |   |   |    |   |   |
| Net      earnings                                                                                                  |   | $                  | 3,585.0  |   |   | $      | 1,324.3 |   |   | $ | 1,281.2 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |               |     |   |   |   |    |   |   |   |   |   |
| Change      in unrealized losses, net of                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |               |     |   |   |   |    |   |   |   |   |   |
| reclassification      adjustment                                                                                             |   |               | (1,714.0 | )      |   |   | (223.4  | )      |   |   | (161.2 | ) |
| Defined      benefit plans:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |               |     |   |   |   |    |   |   |   |   |   |
| Net      (loss) gain arising during      year                                                                                |   |               | (710.4   | )      |   |   | 68.8    |   |   |   | - |   |
| Prior      service cost arising during      year                                                                             |   |               | 14.7     |   |   |   | 1.7     |   |   |   | - |   |
| Less:      reclassification adjustment for:                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |               |     |   |   |   |    |   |   |   |   |   |
| Amortization      of net losses included in net periodic cost                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |               | 38.6     |   |   |   | 54.4    |   |   |   | - |   |
| Amortization      of net prior service credit                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |               |     |   |   |   |    |   |   |   |   |   |
| included      in net periodic      cost                                                                                                                    |   |               | (4.4     | )      |   |   | (1.3    | )      |   |   | - |   |
| Amortization      of net transition      asset                                                                                              |   |               | (.1      | )      |   |   | (.1     | )      |   |   | - |   |
| Minimum      pension liability      adjustment                                                                               |   |               | -        |   |   |   | -       |   |   |   | 18.5 |   |
| Other      comprehensive (loss) income - defined benefit plans                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |               | (661.6   | )      |   |   | 123.5   |   |   |   | 18.5 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |               |     |   |   |   |    |   |   |   |   |   |
| Other      comprehensive      loss                                                                                 |   |               | (2,375.6 | )      |   |   | (99.9   | )      |   |   | (142.7 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |               |     |   |   |   |    |   |   |   |   |   |
| Comprehensive      Income                                                                                          |   | $                  | 1,209.4  |   |   | $      | 1,224.4 |   |   | $ | 1,138.5 |   |

----

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   | 2008               |     |   | 2007   |   |     | 2006   |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------|----------|--------|--------|--------|----------|--------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   | (In      Millions) |     |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |               |     |
| Net      earnings                                                                                                               |   | $                  | 3,585.0  |   |   | $      | 1,324.3  |   |   | $ | 1,281.2 |   |
| Adjustments      to reconcile net earnings to net cash provided by                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |               |     |   |   |   |     |   |   |   |   |   |
| operating      activities:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |               |     |   |   |   |     |   |   |   |   |   |
| Interest      credited to policyholders’ account balances                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |               | 1,202.8  |   |   |   | 1,192.3  |   |   |   | 1,216.5 |   |
| Universal      life and investment-type product                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |               |     |   |   |   |     |   |   |   |   |   |
| policy      fee      income                                                                                                                                   |   |               | (3,175.0 | )      |   |   | (2,973.1 | )      |   |   | (2,468.3 | ) |
| Net      change in broker-dealer and customer                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |               |     |   |   |   |     |   |   |   |   |   |
| related      receivables/payables                                                                                                                             |   |               | 618.2    |   |   |   | 91.5     |   |   |   | 119.0 |   |
| Net      investment income related to derivative instruments                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |               | (6,753.5 | )      |   |   | (67.5    | )      |   |   | 290.7 |   |
| Investment      losses (gains),      net                                                                                                  |   |               | 467.5    |   |   |   | 30.1     |   |   |   | (45.0 | ) |
| Change      in segregated cash and securities, net                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |               | (202.6   | )      |   |   | (360.2   | )      |   |   | (245.0 | ) |
| Change      in deferred policy acquisition costs and                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |               |     |   |   |   |     |   |   |   |   |   |
| value      of business      acquired                                                                                                                          |   |               | 1,537.0  |   |   |   | (588.6   | )      |   |   | (646.2 | ) |
| Change      in future policy      benefits                                                                                                |   |               | 2,677.6  |   |   |   | 139.6    |   |   |   | 23.2 |   |
| Change      in income taxes      payable                                                                                                  |   |               | 1,218.8  |   |   |   | 617.5    |   |   |   | 339.5 |   |
| Change      in fair value of guaranteed minimum income                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |               |     |   |   |   |     |   |   |   |   |   |
| benefit      reinsurance      contracts                                                                                                                       |   |               | (1,860.7 | )      |   |   | (6.9     | )      |   |   | 14.9 |   |
| Change      in accounts payable and accrued expenses                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |               | (193.0   | )      |   |   | 99.7     |   |   |   | 75.6 |   |
| Amortization      of deferred sales      commission                                                                                       |   |               | 79.1     |   |   |   | 95.5     |   |   |   | 100.4 |   |
| Other      depreciation and      amortization                                                                                             |   |               | 189.6    |   |   |   | 207.5    |   |   |   | 229.7 |   |
| Amortization      of other intangible      assets                                                                                         |   |               | 38.9     |   |   |   | 68.6     |   |   |   | 32.4 |   |
| (Gains)      losses on disposal of discontinued operations                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |               | (7.5     | )      |   |   | 3.6      |   |   |   | (117.2 | ) |
| Minority      interest in net income of consolidated subsidiaries                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |               | 318.4    |   |   |   | 483.3    |   |   |   | 445.0 |   |
| Other,      net                                                                                                                           |   |               | 282.6    |   |   |   | (163.7   | )      |   |   | 104.2 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |               |     |   |   |   |     |   |   |   |   |   |
| Net      cash provided by operating      activities                                                                             |   |               | 23.2     |   |   |   | 193.5    |   |   |   | 750.6 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |               |     |   |   |   |     |   |   |   |   |   |
| Cash      flows from investing activities:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |               |     |   |   |   |     |   |   |   |   |   |
| Maturities      and      repayments                                                                                                       |   |               | 2,594.0  |   |   |   | 3,078.7  |   |   |   | 4,256.4 |   |
| Sales      of      investments                                                                                                            |   |               | 983.7    |   |   |   | 2,726.9  |   |   |   | 2,344.7 |   |
| Purchases      of      investments                                                                                                        |   |               | (4,924.2 | )      |   |   | (4,527.5 | )      |   |   | (6,087.1 | ) |
| Cash      settlements related to derivative instruments                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |               | 5,018.0  |   |   |   | (80.5    | )      |   |   | - |   |
| Change      in short-term      investments                                                                                                |   |               | (.5      | )      |   |   | (24.6    | )      |   |   | 11.1 |   |
| Purchase      of minority interest in consolidated subsidiary                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |               | -        |   |   |   | (745.7   | )      |   |   | - |   |
| Decrease      in loans to      affiliates                                                                                                 |   |               | -        |   |   |   | 400.0    |   |   |   | - |   |
| Increase      in loans to      affiliates                                                                                                 |   |               | (506.0   | )      |   |   | (704.0   | )      |   |   | - |   |
| Change      in capitalized software, leasehold improvements                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |               |     |   |   |   |     |   |   |   |   |   |
| and      EDP equipment                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |               | (175.8   | )      |   |   | (217.0   | )      |   |   | (159.3 | ) |
| Other,      net                                                                                                                           |   |               | 224.9    |   |   |   | 43.1     |   |   |   | (442.9 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |               |     |   |   |   |     |   |   |   |   |   |
| Net      cash provided by (used in) investing activities                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |               | 3,214.1  |   |   |   | (50.6    | )      |   |   | (77.1 | ) |

----

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   | 2008               |     |   | 2007   |   |     | 2006   |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------|----------|--------|--------|--------|----------|--------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   | (In      Millions) |     |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |               |     |   |   |   |     |   |   |
| Cash      flows from financing activities:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |               |     |   |   |   |     |   |   |
| Policyholders’      account balances:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |               |     |   |   |   |     |   |   |
| Deposits                                                                                                                                               |   | $                  | 4,766.5  |   |   | $      | 4,716.3  |   |   | $ | 4,316.2 |   |
| Withdrawals      and transfers to Separate Accounts                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |               | (3,152.2 | )      |   |   | (4,591.3 | )      |   |   | (4,233.3 | ) |
| Proceeds      from loans from      affiliates                                                                                                |   |               | 3,250.0  |   |   |   | 850.0    |   |   |   | 335.0 |   |
| Repayment      of loans from      affiliates                                                                                                 |   |               | (65.0    | )      |   |   | (785.0   | )      |   |   | (635.0 | ) |
| Change      in short-term      financings                                                                                                    |   |               | (506.5   | )      |   |   | 198.2    |   |   |   | 337.7 |   |
| Repayment      of long-term      debt                                                                                                        |   |               | (250.0   | )      |   |   | -        |   |   |   | (700.0 | ) |
| Increase      in collateralized pledged      liabilities                                                                                     |   |               | 1,103.8  |   |   |   | -        |   |   |   | - |   |
| Purchases      of treasury      shares                                                                                                       |   |               | (11.2    | )      |   |   | (7.6     | )      |   |   | (4.3 | ) |
| Other,      net                                                                                                                              |   |               | (367.3   | )      |   |   | (239.3   | )      |   |   | (144.6 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |               |     |   |   |   |     |   |   |   |   |   |
| Net      cash provided by (used in) financing activities                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |               | 4,768.1  |   |   |   | 141.3    |   |   |   | (728.3 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |               |     |   |   |   |     |   |   |   |   |   |
| Change      in cash and cash      equivalents                                                                                      |   |               | 8,005.4  |   |   |   | 284.2    |   |   |   | (54.8 | ) |
| Cash      and cash equivalents, beginning of      year                                                                             |   |               | 2,055.8  |   |   |   | 1,771.6  |   |   |   | 1,826.4 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |               |     |   |   |   |     |   |   |   |   |   |
| Cash      and Cash Equivalents, End of      Year                                                                                   |   | $                  | 10,061.2 |   |   | $      | 2,055.8  |   |   | $ | 1,771.6 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |               |     |   |   |   |     |   |   |   |   |   |
| Supplemental      cash flow information:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |               |     |   |   |   |     |   |   |   |   |   |
| Interest      Paid                                                                                                                           |   | $                  | 129.4    |   |   | $      | 155.6    |   |   | $ | 178.7 |   |
| Income      Taxes      Paid                                                                                                                  |   | $                  | 260.1    |   |   | $      | 154.9    |   |   | $ | 164.4 |   |

----

| 1) | ORGANIZATION |
|----|--------------|

----

| 2) | SIGNIFICANT      ACCOUNTING POLICIES |
|----|--------------------------------------|

----

----

| ·   | The      acquirer will recognize 100% of the fair values of acquired assets and      assumed liabilities (with few exceptions) upon initially obtaining control      even if it has not acquired 100% of the target  company, |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Contingent      considerations will be included in the purchase price consideration on a      fair value basis while transaction costs will be expensed as incurred,      and |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | The      requirements in SFAS No. 146, “Accounting for Costs Associated with Exit      or Disposal Activities,” must be met at the acquisition date in order to      accrue for a restructuring plan. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

----

| ·   | Recharacterize      minority interests, currently classified within liabilities, as      noncontrolling interests to be reported as a component of consolidated      equity on the balance sheet, |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Include      total income in net income, with separate disclosure on the face of the      consolidated income statement of the attribution of income between      controlling and noncontrolling interests,and |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Account      for increases and decreases in noncontrolling interests as equity      transactions with any difference between proceeds of a purchase or      issuance of noncontrolling interests being accounted for as a change to      the controlling entity’s equity instead of as current period gains/losses      in the consolidated income statement.  Only when the controlling      entity loses control and deconsolidates a subsidiary will a gain or loss      be recognized. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

----

----

| Level      1 | Quoted      prices for identical instruments in active markets.  Level 1      fair values generally are supported by market transactions that occur with      sufficient frequency and volume to provide pricing information on an      ongoing basis.                                                                        |
|--------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Level      2 | Observable      inputs other than Level 1 prices, such as quoted prices for similar      instruments, quoted prices in markets that are not active, and inputs to      model-derived valuations that are directly observable or can be      corroborated by observable market data.                                                     |
| Level      3 | Unobservable      inputs supported by little or no market activity and often requiring      significant management judgment or estimation, such as an entity’s own      assumptions about the cash flows or other significant components of value      that market participants would use in pricing the asset or      liability. |

----

----

----

----

----

----

| ·   | Management      having the authority to approve the action commits the organization to a      plan to sell the property. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------|

| ·   | The      property is available for immediate sale in its present condition subject      only to terms that are usual and customary for the sale of such      assets. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | An      active program to locate a buyer and other actions required to complete      the plan to sell the asset have been initiated and are      continuing. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | The      sale of the asset is probable and transfer of the asset is expected to      qualify for recognition as a completed sale within one    year. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | The      asset is being actively marketed for sale at a price that is reasonable in      relation to its current fair value. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------|

| ·   | Actions      required to complete the plan indicate that it is unlikely that      significant changes to the plan will be made or that the plan will be      withdrawn. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|        3) |   | INVESTMENTS |
|----------------|--------|-------------|

|                                                                                                                                                                                                                                                                                                |               |   | Gross      |   | Gross      |   |            |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------|--------|------------|--------|------------|--------|-----------------|--------|
|                                                                                                                                                                                                                                                                                                | Amortized          |   | Unrealized |   | Unrealized |   | Estimated       |   |
|                                                                                                                                                                                                                                                                                                | Cost               |   | Gains      |   | Losses     |   | Fair      Value |   |
|                                                                                                                                                                                                                                                                                                | (In      Millions) |   |
| December 31,      2008                                                                                                                                                                                                                                                                              |               |   |       |   |       |   |            |   |   |   |   |   |
| Fixed      Maturities:                                                                                                                                                                                                                                                                              |               |   |       |   |       |   |            |   |   |   |   |   |
| Available      for Sale:                                                                                                                                                                                                                                                                            |               |   |       |   |       |   |            |   |   |   |   |   |
| Corporate                                                                                             |               | $      | 26,487.0   |   |       | $      | 271.7           |   |   | $ | 2,418.7 |   |   | $ | 24,340.0 |   |
| Mortgage      and Asset Backed                                                                                                                                                                                                                                                                      |               |   | 5,074.9    |   |       |   | 83.2            |   |   |   | 746.4 |   |   |   | 4,411.7 |   |
| U.S.      Treasury, government                                                                                                                                                                                                                                                                      |               |   |       |   |       |   |            |   |   |   |   |   |   |   |   |   |
| and      agency securities                                                                                                                                                                                                                                                                          |               |   | 2,607.3    |   |       |   | 337.6           |   |   |   | .3 |   |   |   | 2,944.6 |   |
| States      and political                                                                                                                                                                                                                                                                           |               |   |       |   |       |   |            |   |   |   |   |   |   |   |   |   |
| subdivisions                                                                                                    |               |   | 176.0      |   |       |   | 12.0            |   |   |   | 8.0 |   |   |   | 180.0 |   |
| Foreign      governments                                                                              |               |   | 310.9      |   |       |   | 52.0            |   |   |   | 5.6 |   |   |   | 357.3 |   |
| Redeemable      preferred stock                                                                                                                                                                                                                                                                     |               |   | 2,025.7    |   |       |   | .1              |   |   |   | 843.5 |   |   |   | 1,182.3 |   |
| Total      Available for Sale                                                                                                                                                                                                                                                                       |               | $      | 36,681.8   |   |       | $      | 756.6           |   |   | $ | 4,022.5 |   |   | $ | 33,415.9 |   |
|                                                                                                                                                                                                                                                                                                |               |   |       |   |       |   |            |   |   |   |   |   |   |   |   |   |
| Equity      Securities:                                                                                                                                                                                                                                                                             |               |   |       |   |       |   |            |   |   |   |   |   |   |   |   |   |
| Available      for      sale                                                                |               | $      | 35.9       |   |       | $      | -               |   |   | $ | 4.8 |   |   | $ | 31.1 |   |
| Trading      securities                                                                     |               |   | 434.9      |   |       |   | .2              |   |   |   | 188.6 |   |   |   | 246.5 |   |
| Total      Equity      Securities                                            |               | $      | 470.8      |   |       | $      | .2              |   |   | $ | 193.4 |   |   | $ | 277.6 |   |
|                                                                                                                                                                                                                                                                                                |               |   |
| December 31, 2007                                                                                                                                                                                                                                                                                   |               |   |       |   |       |   |            |   |   |   |   |   |   |   |   |   |
| Fixed      Maturities:                                                                                                                                                                                                                                                                              |               |   |       |   |       |   |            |   |   |   |   |   |   |   |   |   |
| Available      for Sale:                                                                                                                                                                                                                                                                            |               |   |       |   |       |   |            |   |   |   |   |   |   |   |   |   |
| Corporate                                                                                             |               | $      | 26,251.9   |   |       | $      | 638.3           |   |   | $ | 394.7 |   |   | $ | 26,495.5 |   |
| Mortgage      and Asset Backed                                                                                                                                                                                                                                                                      |               |   | 5,567.4    |   |       |   | 54.8            |   |   |   | 347.2 |   |   |   | 5,275.0 |   |
| U.S.      Treasury, government                                                                                                                                                                                                                                                                      |               |   |       |   |       |   |            |   |   |   |   |   |   |   |   |   |
| and      agency securities                                                                                                                                                                                                                                                                          |               |   | 1,208.2    |   |       |   | 73.8            |   |   |   | .1 |   |   |   | 1,281.9 |   |
| States      and political                                                                                                                                                                                                                                                                           |               |   |       |   |       |   |            |   |   |   |   |   |   |   |   |   |
| subdivisions                                                                                                    |               |   | 181.1      |   |       |   | 17.3            |   |   |   | .6 |   |   |   | 197.8 |   |
| Foreign      governments                                                                              |               |   | 306.9      |   |       |   | 44.1            |   |   |   | - |   |   |   | 351.0 |   |
| Redeemable      preferred stock                                                                                                                                                                                                                                                                     |               |   | 2,155.1    |   |       |   | 51.7            |   |   |   | 144.3 |   |   |   | 2,062.5 |   |
| Total      Available for Sale                                                                                                                                                                                                                                                                       |               | $      | 35,670.6   |   |       | $      | 880.0           |   |   | $ | 886.9 |   |   | $ | 35,663.7 |   |
|                                                                                                                                                                                                                                                                                                |               |   |       |   |       |   |            |   |   |   |   |   |   |   |   |   |
| Equity      Securities:                                                                                                                                                                                                                                                                             |               |   |       |   |       |   |            |   |   |   |   |   |   |   |   |   |
| Available      for      sale                                                                |               | $      | 49.1       |   |       | $      | 1.6             |   |   | $ | 8.6 |   |   | $ | 42.1 |   |
| Trading      securities                                                                     |               |   | 482.2      |   |       |   | 8.7             |   |   |   | 23.8 |   |   |   | 467.1 |   |
| Total      Equity      Securities                                            |               | $      | 531.3      |   |       | $      | 10.3            |   |   | $ | 32.4 |   |   | $ | 509.2 |   |

----

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            | Available      for Sale |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------------------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            | Amortized               |   | Estimated |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            | Cost                    |   | Fair      Value |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            | (In      Millions)      |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |                    |   |
| Due      in one year or      less                                                                                           |                    | $      | 1,060.4 |   |   | $ | 1,060.0 |   |
| Due      in years two through      five                                                                                     |                    |   | 12,162.1 |   |   |   | 11,653.2 |   |
| Due      in years six through      ten                                                                                      |                    |   | 11,927.1 |   |   |   | 10,817.8 |   |
| Due      after ten      years                                                                                               |                    |   | 4,431.6 |   |   |   | 4,290.9 |   |
| Subtotal                                                                                                                                             |                    |   | 29,581.2 |   |   |   | 27,821.9 |   |
| Mortgage      and Asset      Backed                                                                                         |                    |   | 5,074.9 |   |   |   | 4,411.7 |   |
| Total                                                                                                                       |                    | $      | 34,656.1 |   |   | $ | 32,233.6 |   |

|                                                                                                                                                                              |   | Less      than 12 Months |     |   | 12      Months or Longer |   |     | Total           |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------|----------|--------|--------------------------|--------|----------|-----------------|--------|
|                                                                                                                                                                              |   |                     |     |   | Gross                    |   |     |            |   |   | Gross |   |   |   |   |   | Gross |   |
|                                                                                                                                                                              |   | Estimated                |     |   | Unrealized               |   |     | Estimated       |   |   | Unrealized |   |   | Estimated |   |   | Unrealized |   |
|                                                                                                                                                                              |   | Fair      Value          |     |   | Losses                   |   |     | Fair      Value |   |   | Losses |   |   | Fair      Value |   |   | Losses |   |
|                                                                                                                                                                              |   | (In      Millions)       |     |
|                                                                                                                                                                              |   |                     |     |   |                     |   |     |            |   |   |   |   |   |   |   |   |   |   |
| Fixed      Maturities:                                                                                                                                                            |   |                     |     |   |                     |   |     |            |   |   |   |   |   |   |   |   |   |   |
| Corporate                             |   | $                        | 12,827.4 |   |                     | $      | (1,354.4 | )               |   | $ | 5,118.0 |   |   | $ | (1,064.3 | ) |   | $ | 17,945.4 |   |   | $ | (2,418.7 | ) |
| Mortgage      and                                                                                                                                                                 |   |                     |     |   |                     |   |     |            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Asset      Backed                               |   |                     | 460.9    |   |                     |   | (33.4    | )               |   |   | 1,775.0 |   |   |   | (713.0 | ) |   |   | 2,235.9 |   |   |   | (746.4 | ) |
| U.S.      Treasury,                                                                                                                                                               |   |                     |     |   |                     |   |     |            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| government      and                                                                                                                                                               |   |                     |     |   |                     |   |     |            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| agency      securities                                                                                                                                                            |   |                     | 262.5    |   |                     |   | (.3      | )               |   |   | - |   |   |   | - |   |   |   | 262.5 |   |   |   | (.3 | ) |
| States      and political                                                                                                                                                         |   |                     |     |   |                     |   |     |            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| subdivisions                                    |   |                     | 43.4     |   |                     |   | (5.4     | )               |   |   | 22.1 |   |   |   | (2.6 | ) |   |   | 65.5 |   |   |   | (8.0 | ) |
| Foreign      governments                                                                                                                                                          |   |                     | 70.0     |   |                     |   | (5.6     | )               |   |   | - |   |   |   | - |   |   |   | 70.0 |   |   |   | (5.6 | ) |
| Redeemable                                                                                                                                                                        |   |                     |     |   |                     |   |     |            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| preferred      stock                                                                                                                                                              |   |                     | 340.8    |   |                     |   | (260.8   | )               |   |   | 814.0 |   |   |   | (582.7 | ) |   |   | 1,154.8 |   |   |   | (843.5 | ) |
|                                                                                                                                                                              |   |                     |     |   |                     |   |     |            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total      Temporarily                                                                                                                                                            |   |                     |     |   |                     |   |     |            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Impaired      Securities                                                                                                                                                          |   | $                        | 14,005.0 |   |                     | $      | (1,659.9 | )               |   | $ | 7,729.1 |   |   | $ | (2,362.6 | ) |   | $ | 21,734.1 |   |   | $ | (4,022.5 | ) |

----

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | December      31,  |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | 2007               |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | (In      Millions) |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |               |   |
| Impaired      mortgage loans with investment valuation allowances                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |               | $      | 11.4 |   |
| Impaired      mortgage loans without investment valuation allowances                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |               |   | 2.7 |   |
| Recorded      investment in impaired mortgage loans                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |               |   | 14.1 |   |
| Investment      valuation allowances                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |               |   | (1.4 | ) |
| Net      Impaired Mortgage      Loans                                                                                  |               | $      | 12.7 |   |

----

|                                                                                                                                                                                                                                                                                                                                                                                                                      |   | 2008               |   |   | 2007   |   |   | 2006   |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------|--------|--------|--------|--------|--------|--------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                      |   | (In      Millions) |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                      |   |               |   |
| Balances,      beginning of      year                                                               |   | $                  | 1.4    |   |   | $      | 22.6   |   |   | $ | 13.4 |   |
| Additions      charged to      income                                                               |   |               | -      |   |   |   | 20.9   |   |   |   | 10.1 |   |
| Deductions      for writedowns and                                                                                                                                                                                                                                                                                                                                                                                        |   |               |   |   |   |   |   |   |   |   |   |   |
| asset      dispositions                                                                                       |   |               | (1.4   | )      |   |   | (42.1  | )      |   |   | (.9 | ) |
| Balances,      End of      Year                                                                     |   | $                  | -      |   |   | $      | 1.4    |   |   | $ | 22.6 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                      |   |               |   |   |   |   |   |   |   |   |   |   |
| Balances,      end of year comprise:                                                                                                                                                                                                                                                                                                                                                                                      |   |               |   |   |   |   |   |   |   |   |   |   |
| Mortgage      loans on real      estate                                                                       |   | $                  | -      |   |   | $      | 1.4    |   |   | $ | 12.9 |   |
| Equity      real      estate                                                                                  |   |               | -      |   |   |   | -      |   |   |   | 9.7 |   |
| Total                                                                                               |   | $                  | -      |   |   | $      | 1.4    |   |   | $ | 22.6 |   |

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   | December      31,  |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   | 2008               |   |   | 2007 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   | (In      Millions) |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |               |   |
| BALANCE      SHEETS                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |               |   |   |   |   |
| Investments      in real estate, at depreciated      cost                                                                                      |   | $                  | 484.5  |   |   | $ | 462.6 |   |
| Investments      in securities, generally at estimated fair value                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |               | 275.7  |   |   |   | 544.3 |   |
| Cash      and cash      equivalents                                                                                                            |   |               | 8.9    |   |   |   | 3.3 |   |
| Other      assets                                                                                                                              |   |               | 24.0   |   |   |   | 1.6 |   |
| Total      Assets                                                                                                                              |   | $                  | 793.1  |   |   | $ | 1,011.8 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |               |   |   |   |   |   |   |
| Borrowed      funds - third      party                                                                                                         |   | $                  | 190.3  |   |   | $ | 273.1 |   |
| Other      liabilities                                                                                                                         |   |               | 280.3  |   |   |   | 316.0 |   |
| Total      liabilities                                                                                                                         |   |               | 470.6  |   |   |   | 589.1 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |               |   |   |   |   |   |   |
| Partners’      capital                                                                                                                   |   |               | 322.5  |   |   |   | 422.7 |   |
| Total      Liabilities and Partners’      Capital                                                                                        |   | $                  | 793.1  |   |   | $ | 1,011.8 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |               |   |   |   |   |   |   |
| AXA      Financial Group’s Carrying Value in                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |               |   |   |   |   |   |   |
| These      Entities Included      Above                                                                                                                            |   | $                  | 143.0  |   |   | $ | 115.3 |   |

----

|                                                                                                                                                                                                                                                                                                                                                                                                                         |   | 2008               |   |   | 2007   |   |   | 2006   |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------|--------|--------|--------|--------|--------|--------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                         |   | (In      Millions) |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                         |   |               |   |
| STATEMENTS      OF EARNINGS                                                                                                                                                                                                                                                                                                                                                                                                  |   |               |   |   |   |   |   |   |   |
| Revenues      of real estate joint ventures                                                                                                                                                                                                                                                                                                                                                                                  |   | $                  | 92.3   |   |   | $      | 78.7   |   |   | $ | 88.5 |   |
| Net      revenues of other limited partnership interests                                                                                                                                                                                                                                                                                                                                                                     |   |               | (1.2   | )      |   |   | 45.5   |   |   |   | 16.7 |   |
| Interest      expense - third      party                                                               |   |               | (14.1  | )      |   |   | (18.2  | )      |   |   | (18.5 | ) |
| Other      expenses                                                                                    |   |               | (92.2  | )      |   |   | (67.4  | )      |   |   | (62.8 | ) |
| Net      (Losses)      Earnings….                                                                |   | $                  | (15.2  | )      |   | $      | 38.6   |   |   | $ | 23.9 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                         |   |               |   |   |   |   |   |   |   |   |   |   |
| AXA      Financial Group’s Equity in Net Earnings of                                                                                                                                                                                                                                                                                                                                                                   |   |               |   |   |   |   |   |   |   |   |   |   |
| These      Entities Included      Above                                                                                         |   | $                  | 1.4    |   |   | $      | 24.3   |   |   | $ | 16.4 |   |

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | December      31,  |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | 2008               |   | 2007 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | (In      Millions) |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |               |   |
| Notional      Amount by Derivative Type:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |               |   |
| Interest      rate      floors                                                                                   |               | $      | 21,000 |   |   | $ | 27,000 |   |
| Exchange      traded U.S. Treasuries and equity index futures                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |               |   | 34,700 |   |   |   | 6,241 |   |
| Interest      rate      swaps                                                                                    |               |   | 4,687 |   |   |   |  975 |   |
| Total      return swaps                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |               |   | 224 |   |   |   | 38 |   |
| S&P      puts/calls                                                                                          |               |   | 1,750 |   |   |   | - |   |
| Total                                                                                                            |               | $      | 62,361 |   |   | $ | 34,254 |   |

----

|  4) |   | GOODWILL      AND OTHER INTANGIBLE ASSETS |
|----------|--------|-------------------------------------------|

|                                                                                                                                                                                                                                                                                                                                                                   | Gross              |   |         |   |   |   |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------|--------|--------------|--------|--------|--------|--------|
|                                                                                                                                                                                                                                                                                                                                                                   | Carrying           |   | Accumulated  |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                   | Amount             |   | Amortization |   |   | Net    |   |
|                                                                                                                                                                                                                                                                                                                                                                   | (In      Millions) |   |
| December 31, 2008                                                                                                                                                                                                                                                                                                                                                      |               |   |         |   |   |   |   |
| VOBA                                                                                          |               | $      | 868.8        |   |   | $      | (202.3 | )(2) |   |   | $ | 666.5 |   |
| Insurance      distribution      network                                                      |               |   | 26.0         |   |   |   | (10.3  | ) |   |   |   | 15.7 |   |
| Total                                                                                                                                                                                                                                                                                                                                                                  |               | $      | 894.8        |   |   | $      | (212.6 | ) |   |   | $ | 682.2 |   |
|                                                                                                                                                                                                                                                                                                                                                                   |               |   |         |   |   |   |   |   |   |   |   |   |   |
| December 31, 2007                                                                                                                                                                                                                                                                                                                                                      |               |   |         |   |   |   |   |   |   |   |   |   |   |
| VOBA                                                                                          |               | $      | 868.8        |   |   | $      | (258.6 | ) (2) |   |   | $ | 610.2 |   |
| Insurance      distribution network (1)                                                                                                                                                                                                                                                                                                                                |               |   | 26.0         |   |   |   | (8.0   | ) |   |   |   | 18.0 |   |
| Total                                                                                                                                                                                                                                                                                                                                                                  |               | $      | 894.8        |   |   | $      | (266.6 | ) |   |   | $ | 628.2 |   |
|                                                                                                                                                                                                                                                                                                                                                                   |               |   |         |   |   |   |   |   |   |   |   |   |   |

----

----

| 5) | CLOSED      BLOCKS |
|----|--------------------|

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   | December      31,  |    |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------|---------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   | 2008               |    |   | 2007 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   | (In      Millions) |    |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |               |    |   |   |   |
| CLOSED      BLOCK LIABILITIES:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |               |    |   |   |   |
| Future      policy benefits, policyholders’ account balances and other                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   | $                  | 8,544.8 |   |   | $ | 8,657.3 |   |
| Other      liabilities                                                                                                                   |   |               | 71.3    |   |   |   | 115.2 |   |
| Total      Closed Block      liabilities                                                                                                 |   |               | 8,616.1 |   |   |   | 8,772.5 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |               |    |   |   |   |   |   |
| ASSETS      DESIGNATED TO THE CLOSED BLOCK:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |               |    |   |   |   |   |   |
| Fixed      maturities, available for sale, at estimated fair value                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |               |    |   |   |   |   |   |
| (amortized      cost of $5,517.6 and      $5,816.6)                                                                                                     |   |               | 5,041.5 |   |   |   | 5,825.6 |   |
| Mortgage      loans on real      estate                                                                                                  |   |               | 1,107.1 |   |   |   | 1,099.3 |   |
| Policy      loans                                                                                                                        |   |               | 1,180.3 |   |   |   | 1,197.5 |   |
| Cash      and other invested      assets                                                                                                 |   |               | 104.2   |   |   |   | 4.7 |   |
| Other      assets                                                                                                                        |   |               | 472.4   |   |   |   | 240.1 |   |
| Total      assets designated to the Closed      Block                                                                                    |   |               | 7,905.5 |   |   |   | 8,367.2 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |               |    |   |   |   |   |   |
| Excess      of Closed Block liabilities over assets designated to                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |               |    |   |   |   |   |   |
| the      Closed      Block                                                                                                                              |   |               | 710.6   |   |   |   | 405.3 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |               |    |   |   |   |   |   |
| Amounts      included in accumulated other comprehensive income:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |               |    |   |   |   |   |   |
| Net      unrealized investment (losses) gains, net of deferred    income                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |               |    |   |   |   |   |   |
| tax      benefit (expense) of $166.4 and      $(3.2)                                                                                                                   |   |               | (309.2  | ) |   |   | 5.9 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |               |    |   |   |   |   |   |
| Maximum      Future Earnings To Be Recognized From Closed Block                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |               |    |   |   |   |   |   |
| Assets      and      Liabilities                                                                                                                        |   | $                  | 401.4   |   |   | $ | 411.2 |   |

|                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   | 2008                |   |   |  2007 |   |   |  2006 |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------|--------|--------|------------|--------|--------|------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |  (In Millions) |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |                |   |   |       |   |   |       |   |
| REVENUES:                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |                |   |   |       |   |   |       |   |
| Premiums      and other      income                                                                                   |   | $                   | 392.6  |   |       | $      | 409.6  |       |   | $ | 428.1 |   |
| Investment      income (net of investment                                                                                                                                                                                                                                                                                                                                                                                                             |   |                |   |   |       |   |   |       |   |   |   |   |
| expenses      of $1.1, $.2, and      $.1)                                                                                       |   |                | 496.0  |   |       |   | 501.8  |       |   |   | 520.2 |   |
| Investment      gains,      net                                                                                       |   |                | (47.5  | )      |       |   | 7.9    |       |   |   | 1.7 |   |
| Total      revenues                                                                                                   |   |                | 841.1  |   |       |   | 919.3  |       |   |   | 950.0 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |                |   |   |       |   |   |       |   |   |   |   |
| BENEFITS      AND OTHER DEDUCTIONS:                                                                                                                                                                                                                                                                                                                                                                                                                   |   |                |   |   |       |   |   |       |   |   |   |   |
| Policyholders’      benefits and      dividends                                                                 |   |                | 818.7  |   |       |   | 828.2  |       |   |   | 852.2 |   |
| Other      operating costs and      expenses                                                                          |   |                | 7.4    |   |       |   | 2.7    |       |   |   | 3.0 |   |
| Total      benefits and other      deductions                                                                         |   |                | 826.1  |   |       |   | 830.9  |       |   |   | 855.2 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |                |   |   |       |   |   |       |   |   |   |   |
| Net      revenues before income      taxes                                                                            |   |                | 15.0   |   |       |   | 88.4   |       |   |   | 94.8 |   |
| Income      tax      expense                                                                                          |   |                | (5.2   | )      |       |   | (31.0  | )          |   |   | (31.1 | ) |
| Net      Revenues                                                                                                     |   | $                   | 9.8    |   |       | $      | 57.4   |       |   | $ | 63.7 |   |

----

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | December      31,  |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | 2008               |   | 2007 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | (In      Millions) |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |               |   |
| Balance,      beginning of      year                                                                                                    |               | $      | - |   |   | $ | 3.2 |   |
| Increase      in unrealized investment      losses                                                                                      |               |   | - |   |   |   | (3.2 | ) |
| Balance,      End of      Year                                                                                                          |               | $      | - |   |   | $ | - |   |

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   | December      31,  |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   | 2006               |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   | (In      Millions) |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |               |   |
| Impaired      mortgage loans with investment valuation allowances                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   | $                  | 17.8   |   |
| Impaired      mortgage loans without investment valuation allowances                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |               | .1     |   |
| Recorded      investment in impaired mortgage      loans                                                                                      |   |               | 17.9   |   |
| Investment      valuation      allowances                                                                                                     |   |               | (7.3   | ) |
| Net      Impaired Mortgage      Loans                                                                                                         |   | $                  | 10.6   |   |

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   | December      31,  |    |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------|---------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   | 2008               |    |   | 2007 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   | (In      Millions) |    |
| CLOSED      BLOCK LIABILITIES:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |               |    |   |   |   |
| Future      policy benefits, policyholders’ account balances and other                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   | $                  | 6,957.2 |   |   | $ | 7,072.0 |   |
| Policyholder      dividend      obligation                                                                                               |   |               | 6.5     |   |   |   | 129.4 |   |
| Other      liabilities                                                                                                                   |   |               | 40.4    |   |   |   | 48.1 |   |
| Total      Closed Block      liabilities                                                                                                 |   |               | 7,004.1 |   |   |   | 7,249.5 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |               |    |   |   |   |   |   |
| ASSETS      DESIGNATED TO THE CLOSED BLOCK:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |               |    |   |   |   |   |   |
| Fixed      maturities, available for sale, at estimated fair value                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |               |    |   |   |   |   |   |
| (amortized      cost of $3,986.7 and      $4,106.4)                                                                                                |   |               | 3,650.6 |   |   |   | 4,082.5 |   |
| Mortgage      loans on real      estate                                                                                                  |   |               | 885.5   |   |   |   | 810.3 |   |
| Policy      loans                                                                                                                        |   |               | 940.2   |   |   |   | 951.3 |   |
| Cash      and other invested      assets                                                                                                 |   |               | 84.7    |   |   |   | 152.6 |   |
| Other      assets                                                                                                                        |   |               | 355.4   |   |   |   | 261.5 |   |
| Total      assets designated to the Closed      Block                                                                                    |   |               | 5,916.4 |   |   |   | 6,258.2 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |               |    |   |   |   |   |   |
| Excess      of Closed Block liabilities over assets designated to                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |               |    |   |   |   |   |   |
| the      Closed      Block                                                                                                                         |   |               | 1,087.7 |   |   |   | 991.3 |   |
| Amounts      included in accumulated other comprehensive income:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |               |    |   |   |   |   |   |
| Net      unrealized investment (losses) gains net of deferred tax                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |               |    |   |   |   |   |   |
| benefit      of $81.5 and $0 and net of policyholder                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |               |    |   |   |   |   |   |
| dividend      obligation of $103.3 and      $23.9                                                                                                            |   |               | (151.4  | ) |   |   | - |   |
| Maximum      Future Earnings To Be Recognized From                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |               |    |   |   |   |   |   |
| Closed      Block Assets and      Liabilities                                                                                                      |   | $                  | 936.3   |   |   | $ | 991.3 |   |

----

| REVENUES:                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |               |   |   |   |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------|--------|--------|--------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |               | 2008   |   |   |   | 2007 |   |   |   | 2006 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   | (In      Millions) |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |               |   |   |   |   |   |   |   |   |   |   |
| Premiums      and other      income                                                                                   |   | $                  | 333.3  |   |   | $      | 340.4 |   |   | $ | 363.0 |   |
| Investment      income (net of investment                                                                                                                                                                                                                                                                                                                                                                                                             |   |               |   |   |   |   |   |   |   |   |   |   |
| expenses      of $0, $6.5, and      $6.3)                                                                                       |   |               | 339.5  |   |   |   | 344.9 |   |   |   | 342.0 |   |
| Investment      losses,      net                                                                                      |   |               | (42.3  | )      |   |   | (1.3 | ) |   |   | (2.0 | ) |
| Total      revenues                                                                                                   |   |               | 630.5  |   |   |   | 684.0 |   |   |   | 703.0 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |               |   |   |   |   |   |   |   |   |   |   |
| BENEFITS      AND OTHER DEDUCTIONS:                                                                                                                                                                                                                                                                                                                                                                                                                   |   |               |   |   |   |   |   |   |   |   |   |   |
| Policyholders’      benefits and      dividends                                                                 |   |               | 542.2  |   |   |   | 587.1 |   |   |   | 604.5 |   |
| Other      operating costs and      expenses                                                                          |   |               | 3.6    |   |   |   | 3.8 |   |   |   | 4.0 |   |
| Total      benefits and other      deductions                                                                         |   |               | 545.8  |   |   |   | 590.9 |   |   |   | 608.5 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |               |   |   |   |   |   |   |   |   |   |   |
| Net      revenues before income      taxes                                                                            |   |               | 84.7   |   |   |   | 93.1 |   |   |   | 94.5 |   |
| Income      tax      expense                                                                                          |   |               | (29.7  | )      |   |   | (32.5 | ) |   |   | (33.0 | ) |
| Net      Revenues                                                                                                     |   | $                  | 55.0   |   |   | $      | 60.6 |   |   | $ | 61.5 |   |

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            | 2008               |   | 2007   |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------|--------|--------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            | (In      Millions) |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |               |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |               |   |   |   |   |   |
| Balance,      beginning of      year                                                                                             |               | $      | 129.4  |   |   | $ | 109.6 |   |
| Applicable      to net (losses)      revenues                                                                                    |               |   | (43.5  | )      |   |   | 3.4 |   |
| Increase      (decrease) in unrealized investment losses                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |               |   | (79.4  | )      |   |   | 16.4 |   |
| Balance,      End of      Year                                                                                                   |               | $      | 6.5    |   |   | $ | 129.4 |   |

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   | December      31,  |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   | 2006               |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   | (In      Millions) |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |               |   |
| Impaired      mortgage loans with investment valuation allowances                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   | $                  | -      |   |
| Impaired      mortgage loans without investment valuation allowances                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |               | .2     |   |
| Recorded      investment in impaired mortgage loans                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |               | .2     |   |
| Investment      valuation      allowances                                                                                      |   |               | -      |   |
| Net      Impaired Mortgage      Loans                                                                                          |   | $                  | .2     |   |

----

| 6) | CONTRACTHOLDER      BONUS INTEREST CREDITS |
|----|--------------------------------------------|

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | December      31,  |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | 2008               |   | 2007 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | (In      Millions) |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |               |   |
| Balance,      beginning of      year                                                                                                          |               | $      | 754.2 |   |   | $ | 650.7 |   |
| Contractholder      bonus interest credits      deferred                                                                                      |               |   | 137.6 |   |   |   | 174.7 |   |
| Amortization      charged to      income                                                                                                      |               |   | (83.9 | ) |   |   | (71.2 | ) |
| Balance,      End of      Year                                                                                                                |               | $      | 807.9 |   |   | $ | 754.2 |   |

| 7) | FAIR      VALUE DISCLOSURES |
|----|-----------------------------|

|                                                                                                                                                                                                                                                                                                                                |   | Level      1       |     |   | Level      2 |   |     | Level      3 |   |   | Total   |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------|----------|--------|--------------|--------|----------|--------------|--------|--------|---------|--------|
|                                                                                                                                                                                                                                                                                                                                |   | (In      Millions) |     |
|                                                                                                                                                                                                                                                                                                                                |   |               |     |   |         |   |     |         |   |   |    |   |
|                                                                                                                                                                                                                                                                                                                                |   |               |     |   |         |   |     |         |   |   |    |   |
| Assets                                                                                                                                                                                                                                                                                                                              |   |               |     |   |         |   |     |         |   |   |    |   |
| Investments:                                                                                                                                                                                                                                                                                                                        |   |               |     |   |         |   |     |         |   |   |    |   |
| Fixed      maturities available for sale                                                                                                                                                                                                                                                                                            |   | $                  | 200.6    |   |         | $      | 30,167.5 |         |   | $      | 3,047.8 |   |   | $ | 33,415.9 |   |
| Other      equity      investments                                                                           |   |               | 67.2     |   |         |   | -        |         |   |   | 2.7     |   |   |   | 69.9 |   |
| Trading      securities                                                                                      |   |               | 322.6    |   |         |   | -        |         |   |   | .1      |   |   |   | 322.7 |   |
| Other      invested      assets                                                                              |   |               | 35.4     |   |         |   | 1,135.3  |         |   |   | 547.0   |   |   |   | 1,717.7 |   |
| Loans      to      affiliates                                                            |   |               | -        |   |         |   | 1,133.5  |         |   |   | -       |   |   |   | 1,133.5 |   |
| Cash      equivalents                                                                    |   |               | 6,787.7  |   |         |   | -        |         |   |   | -       |   |   |   | 6,787.7 |   |
| Segregated      securities                                                               |   |               | 2,572.6  |   |         |   | -        |         |   |   | -       |   |   |   | 2,572.6 |   |
| GMIB      reinsurance contracts                                                                                                                                                                                                                                                                                                     |   |               | -        |   |         |   | -        |         |   |   | 1,985.3 |   |   |   | 1,985.3 |   |
| Separate      Accounts’      assets                                                |   |               | 68,008.6 |   |         |   | 1,271.1  |         |   |   | 334.7   |   |   |   | 69,614.4 |   |
| Total      Assets                                                                                                           |   | $                  | 77,994.7 |   |         | $      | 33,707.4 |         |   | $      | 5,917.6 |   |   | $ | 117,619.7 |   |
|                                                                                                                                                                                                                                                                                                                                |   |               |     |   |         |   |     |         |   |   |    |   |   |   |   |   |
| Liabilities                                                                                                                                                                                                                                                                                                                         |   |               |     |   |         |   |     |         |   |   |    |   |   |   |   |   |
| GWBL      features’      liability                                                 |   | $                  | -        |   |         | $      | -        |         |   | $      | 272.6   |   |   | $ | 272.6 |   |
| Total      Liabilities                                                                                                      |   | $                  | -        |   |         | $      | -        |         |   | $      | 272.6   |   |   | $ | 272.6 |   |

----

|                                                                                                                                                                                                                   |   |   |                                        |   |   |   |                      |   |   |   |                |   |   |   |                 |   |   |   |                   |   |   |   |                  |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|---------------------------------------------|--------|--------|--------|---------------------------|--------|--------|--------|---------------------|--------|--------|--------|----------------------|--------|--------|--------|------------------------|--------|--------|--------|-----------------------|--------|
|                                                                                                                                                                                                                   |   |   | FixedMaturitiesAvailableFor      Sale  |   |   |   | OtherEquityInvestments(1) |   |   |   | OtherInvestedAssets |   |   |   | GMIBReinsuranceAsset |   |   |   | SeparateAccountsAssets |   |   |   | GWBLFeaturesLiability |   |
|                                                                                                                                                                                                                   |   |   |                                        |   |   |   |                      |   |   |   |                |   |   |   |                 |   |   |   |                   |   |   |   |                  |   |
| Balance,      Dec. 31, 2007                                                                                                                                                                                            |   | $      | 3,103.7                                     |   |   | $      | 3.9                       |   |   | $      | 158.0               |   |   | $      | 124.6                |   |   | $      | 41.2                   |   |   | $      | -                     |   |
| Impact      of adopting                                                                                                                                                                                                |   |   |                                        |   |   |   |                      |   |   |   |                |   |   |   |                 |   |   |   |                   |   |   |   |                  |   |
| SFAS      No. 157, included                                                                                                                                                                                            |   |   |                                        |   |   |   |                      |   |   |   |                |   |   |   |                 |   |   |   |                   |   |   |   |                  |   |
| in      earnings                                  |   |   | -                                           |   |   |   | -                         |   |   |   | -                   |   |   |   | 209.2                |   |   |   | -                      |   |   |   | -                     |   |
| Balance,      Jan. 1, 2008                                                                                                                                                                                             |   |   | 3,103.7                                     |   |   |   | 3.9                       |   |   |   | 158.0               |   |   |   | 333.8                |   |   |   | 41.2                   |   |   |   | -                     |   |
| Total      gains (losses),                                                                                                                                                                                             |   |   |                                        |   |   |   |                      |   |   |   |                |   |   |   |                 |   |   |   |                   |   |   |   |                  |   |
| realized      and unrealized,                                                                                                                                                                                          |   |   |                                        |   |   |   |                      |   |   |   |                |   |   |   |                 |   |   |   |                   |   |   |   |                  |   |
| included      in:                                                                                                                                                                                                      |   |   |                                        |   |   |   |                      |   |   |   |                |   |   |   |                 |   |   |   |                   |   |   |   |                  |   |
| Earnings      as:                                                                                                                                                                                                      |   |   |                                        |   |   |   |                      |   |   |   |                |   |   |   |                 |   |   |   |                   |   |   |   |                  |   |
| Net      investment income                                                                                                                                                                                             |   |   | 2.1                                         |   |   |   | -                         |   |   |   | 359.3               |   |   |   | -                    |   |   |   | -                      |   |   |   | -                     |   |
| Investment      (losses)                                                                                                                                                                                               |   |   |                                        |   |   |   |                      |   |   |   |                |   |   |   |                 |   |   |   |                   |   |   |   |                  |   |
| gains,      net                                                       |   |   | (174.0                                      | )      |   |   | (1.4                      | )      |   |   | -                   |   |   |   | -                    |   |   |   | (17.4                  | )      |   |   | -                     |   |
| Commissions,      fees and                                                                                                                                                                                             |   |   |                                        |   |   |   |                      |   |   |   |                |   |   |   |                 |   |   |   |                   |   |   |   |                  |   |
| other      income                                                     |   |   | -                                           |   |   |   | -                         |   |   |   | -                   |   |   |   | 1,599.4              |   |   |   | -                      |   |   |   | -                     |   |
| Policyholders’      benefits                                                                                                                                                                                     |   |   | -                                           |   |   |   | -                         |   |   |   | -                   |   |   |   | -                    |   |   |   | -                      |   |   |   | 265.2                 |   |
| Subtotal                                                                                            |   |   | (171.9                                      | )      |   |   | (1.4                      | )      |   |   | 359.3               |   |   |   | 1,599.4              |   |   |   | (17.4                  | )      |   |   | 265.2                 |   |
| Other      comprehensive                                                                                                                                                                                               |   |   |                                        |   |   |   |                      |   |   |   |                |   |   |   |                 |   |   |   |                   |   |   |   |                  |   |
| income                                                           |   |   | (493.1                                      | )      |   |   | .6                        |   |   |   | -                   |   |   |   | -                    |   |   |   | -                      |   |   |   | -                     |   |
| Purchases/issuances      and                                                                                                                                                                                           |   |   |                                        |   |   |   |                      |   |   |   |                |   |   |   |                 |   |   |   |                   |   |   |   |                  |   |
| sales/settlements,      net                                                                                                                                                                                            |   |   | (125.3                                      | )      |   |   | (.3                       | )      |   |   | 26.8                |   |   |   | 52.1                 |   |   |   | 248.6                  |   |   |   | 7.4                   |   |
| Transfers      into/out of                                                                                                                                                                                             |   |   |                                        |   |   |   |                      |   |   |   |                |   |   |   |                 |   |   |   |                   |   |   |   |                  |   |
| Level      3(2)                                   |   |   | 734.4                                       |   |   |   | -                         |   |   |   | 2.9                 |   |   |   | -                    |   |   |   | 62.3                   |   |   |   | -                     |   |
| Balance,      Dec. 31, 2008                                                                                                                                                                                            |   | $      | 3,047.8                                     |   |   | $      | 2.8                       |   |   | $      | 547.0               |   |   | $      | 1,985.3              |   |   | $      | 334.7                  |   |   | $      | 272.6                 |   |
|                                                                                                                                                                                                                   |   |   |                                        |   |   |   |                      |   |   |   |                |   |   |   |                 |   |   |   |                   |   |   |   |                  |   |

|                                                                                                                                                                                                                                                                                                              |   |        Earnings |   |   |                        |   |   |                                |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------|--------|--------|-----------------------------|--------|--------|-------------------------------------|--------|
|                                                                                                                                                                                                                                                                                                              |   | NetInvestmentIncome  |   |   | InvestmentGains(Losses),Net |   |   | CommissionsFees      andOtherIncome |   |   | OtherCompre-hensiveIncome |   |   | Policy-holderBenefits |   |
|                                                                                                                                                                                                                                                                                                              |   | (In      Millions)   |   |
| Still      Held at Dec. 31, 2008:                                                                                                                                                                                                                                                                                 |   |                 |   |   |                        |   |   |                                |   |   |   |   |   |   |   |
| Change      in unrealized gains or      losses                                                                                                                                                                                                                                                                    |   |                 |   |   |                        |   |   |                                |   |   |   |   |   |   |   |
| Fixed      maturities                                                                                                                                                                                                                                                                                             |   |                 |   |   |                        |   |   |                                |   |   |   |   |   |   |   |
| available      for sale                                                                                                                                                                                                                                                                                           |   | $                    | -      |   |                        | $      | -      |                                |   | $ | - |   |   | $ | (503.7 | ) |   | $ | - |   |
| Other      equity investments                                                                                                                                                                                                                                                                                     |   |                 | -      |   |                        |   | -      |                                |   |   | - |   |   |   | .6 |   |   |   | - |   |
| Other      invested assets                                                                                                                                                                                                                                                                                        |   |                 | 386.1  |   |                        |   | -      |                                |   |   | - |   |   |   | - |   |   |   | - |   |
| Cash      equivalents                                                                                                                                                                                                                                                                                             |   |                 | -      |   |                        |   | -      |                                |   |   | - |   |   |   | - |   |   |   | - |   |
| Segregated      securities                                                                                                                                                                                                                                                                                        |   |                 | -      |   |                        |   | -      |                                |   |   | - |   |   |   | - |   |   |   | - |   |
| GMIB      reinsurance contracts                                                                                                                                                                                                                                                                                   |   |                 | -      |   |                        |   | -      |                                |   |   | 1,599.4 |   |   |   | - |   |   |   | - |   |
| Separate      Accounts’      assets                                             |   |                 | -      |   |                        |   | (16.6  | )                                   |   |   | - |   |   |   | - |   |   |   | - |   |
| GWBL      features’      liability                                              |   |                 | -      |   |                        |   | -      |                                |   |   | - |   |   |   | - |   |   |   | 265.2 |   |
| Total                                                                                                                                                                                                                                                                                                             |   | $                    | 386.1  |   |                        | $      | (16.6  | )                                   |   | $ | 1,599.4 |   |   | $ | (503.1 | ) |   | $ | 265.2 |   |

----

|                                                                                                                                                                                                                                                                                                                   |   | December      31,  |    |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------|---------|
|                                                                                                                                                                                                                                                                                                                   |   | 2008               |    |   | 2007 |   |
|                                                                                                                                                                                                                                                                                                                   |   | Carrying           |    |   | Estimated |   |   | Carrying |   |   | Estimated |   |
|                                                                                                                                                                                                                                                                                                                   |   | Value              |    |   | Fair      Value |   |   | Value |   |   | Fair      Value |   |
|                                                                                                                                                                                                                                                                                                                   |   | (In      Millions) |    |
|                                                                                                                                                                                                                                                                                                                   |   |               |    |
| Consolidated:                                                                                                                                                                                                                                                                                                          |   |               |    |   |   |   |   |   |   |   |   |   |
| Mortgage      loans on real estate                                                                                                                                                                                                                                                                                     |   | $                  | 5,174.0 |   |   | $ | 5,039.5 |   |   | $ | 5,210.4 |   |   | $ | 5,237.0 |   |
| Other      limited partnership interests                                                                                                                                                                                                                                                                               |   |               | 1,553.0 |   |   |   | 1,553.0 |   |   |   | 1,768.5 |   |   |   | 1,768.5 |   |
| Policyholders      liabilities:                                                                                                                                                                                                                                                                                        |   |               |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Investment      contracts                                                                       |   |               | 3,760.3 |   |   |   | 3,867.9 |   |   |   | 4,354.3 |   |   |   | 4,446.7 |   |
| Long-term      debt                                                              |   |               | 1,341.0 |   |   |   | 1,232.0 |   |   |   | 1,349.3 |   |   |   | 1,445.8 |   |
|                                                                                                                                                                                                                                                                                                                   |   |               |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Closed Blocks:                                                                                                                                                                                                                                                                                                         |   |               |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Mortgage      loans on real estate                                                                                                                                                                                                                                                                                     |   | $                  | 1,992.5 |   |   | $ | 1,908.5 |   |   | $ | 1,909.7 |   |   | $ | 1,907.7 |   |
| Other      equity      investments                                               |   |               | 2.7     |   |   |   | 2.7 |   |   |   | 3.6 |   |   |   | 3.6 |   |
| SCNILC      liability                                                            |   |               | 8.6     |   |   |   | 8.6 |   |   |   | 9.2 |   |   |   | 9.2 |   |
|                                                                                                                                                                                                                                                                                                                   |   |               |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Wind-up Annuities:                                                                                                                                                                                                                                                                                                     |   |               |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Mortgage      loans on real estate                                                                                                                                                                                                                                                                                     |   | $                  | 1.2     |   |   | $ | 1.3 |   |   | $ | 2.2 |   |   | $ | 2.3 |   |
| Other      equity      investments                                               |   |               | 1.3     |   |   |   | 1.3 |   |   |   | 1.6 |   |   |   | 1.6 |   |
| Guaranteed      interest contracts                                                                                                                                                                                                                                                                                     |   |               | 5.5     |   |   |   | 6.2 |   |   |   | 5.5 |   |   |   | 5.8 |   |

| 8) | GMDB,      GMIB, GWBL AND NO LAPSE GUARANTEEFEATURES |
|----|------------------------------------------------------|

| ·   | Return      of Premium: the benefit is the greater of current account value or      premiums paid (adjusted forwithdrawals); |
|--------------------|------------------------------------------------------------------------------------------------------------------------------|

| ·   | Ratchet:      the benefit is the greatest of current account value, premiums paid      (adjusted for withdrawals), or the highest account value on any      anniversary up to contractually specified ages (adjusted for      withdrawals); |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Roll-Up:      the benefit is the greater of current account value or premiums paid      (adjusted for withdrawals) accumulated at contractually specified interest      rates up to specified ages; |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Combo:      the benefit is the greater of the ratchet benefit or the roll-up benefit,      which may include a five year or annual reset;  or |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Withdrawal:      the withdrawal is guaranteed up to a maximum amount per year for      life. |
|--------------------|----------------------------------------------------------------------------------------------|

----

|                                                                                                                                                                                                                                                                                                                                                                                                                       |   | GMDB               |   |   | GMIB   |   |    | Total  |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------|--------|--------|--------|--------|---------|--------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                       |   | (In      Millions) |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                       |   |               |   |   |   |   |    |   |   |
| Balance      at January 1,      2006                                                                 |   | $                  | 115.8  |   |   | $      | 173.8   |   |   | $ | 289.6 |   |
| Paid      guarantee      benefits                                                                              |   |               | (34.1  | )      |   |   | (3.3    | )      |   |   | (37.4 | ) |
| Other      changes in      reserve                                                                             |   |               | 82.7   |   |   |   | 58.1    |   |   |   | 140.8 |   |
| Balance      at December 31,      2006                                                               |   |               | 164.4  |   |   |   | 228.6   |   |   |   | 393.0 |   |
| Paid      guarantee      benefits                                                                              |   |               | (32.2  | )      |   |   | (2.7    | )      |   |   | (34.9 | ) |
| Other      changes in      reserve                                                                             |   |               | 122.2  |   |   |   | 84.4    |   |   |   | 206.6 |   |
| Balance      at December 31,      2007                                                               |   |               | 254.4  |   |   |   | 310.3   |   |   |   | 564.7 |   |
| Paid      guarantee      benefits                                                                              |   |               | (75.5  | )      |   |   | (8.2    | )      |   |   | (83.7 | ) |
| Other      changes in      reserve                                                                             |   |               | 808.4  |   |   |   | 1,680.7 |   |   |   | 2,489.1 |   |
| Balance      at December 31,      2008                                                               |   | $                  | 987.3  |   |   | $      | 1,982.8 |   |   | $ | 2,970.1 |   |

|                                                                                                                                                                                                                                                                                                                                                                                                                       |   | GMDB               |   |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------|--------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                       |   | (In      Millions) |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                       |   |               |   |   |
| Balance      at January1,      2006                                                                  |   | $                  | 22.9   |   |   |
| Paid      guarantee benefits      ceded                                                                        |   |               | (9.2   | )      |   |
| Other      changes in      reserve                                                                             |   |               | 10.4   |   |   |
| Balance      at December 31,      2006                                                               |   |               | 24.1   |   |   |
| Paid      guarantee      benefits                                                                              |   |               | (7.8   | )      |   |
| Other      changes in      reserve                                                                             |   |               | 12.4   |   |   |
| Balance      at December 31,      2007                                                               |   |               | 28.7   |   |   |
| Paid      guarantee      benefits                                                                              |   |               | (7.8   | )      |   |
| Other      changes in      reserve                                                                             |   |               | 73.8   |   |   |
| Balance      at December 31,      2008                                                               |   | $                  | 94.7   |   |   |

----

|                                                                                                                                                                                                                                                 |   | ReturnofPremium            |   |   |        Ratchet |   |   |        Roll-Up |   |   |        Combo |   |   |        Total |          |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------------|--------|--------|---------------------|--------|--------|---------------------|--------|--------|-------------------|--------|--------|-------------------|---------------|
|                                                                                                                                                                                                                                                 |   | (Dollars      In Millions) |   |
|                                                                                                                                                                                                                                                 |   |                       |   |   |                |   |   |                |   |   |              |   |   |              |          |
| GMDB:                                                                                                                                                                                                                                                |   |                       |   |   |                |   |   |                |   |   |              |   |   |              |          |
| Account      values invested in:                                                                                                                                                                                                                     |   |                       |   |   |                |   |   |                |   |   |              |   |   |              |          |
| General      Account                                        |   | $                          | 11,126 |   |                | $      | 586    |                |   | $      | 301               |   |   | $                 | 952           |   |   | $ | 12,965 |   |
| Separate      Accounts                                      |   | $                          | 19,924 |   |                | $      | 6,406  |                |   | $      | 4,304             |   |   | $                 | 24,726        |   |   | $ | 55,360 |   |
| Net      amount at risk, gross                                                                                                                                                                                                                       |   | $                          | 6,108  |   |                | $      | 3,255  |                |   | $      | 3,622             |   |   | $                 | 13,326        |   |   | $ | 26,311 |   |
| Net      amount at risk, net of                                                                                                                                                                                                                      |   |                       |   |   |                |   |   |                |   |   |              |   |   |              |          |   |   |   |   |   |
| amounts      reinsured                                      |   | $                          | 6,108  |   |                | $      | 2,946  |                |   | $      | 2,543             |   |   | $                 | 13,282        |   |   | $ | 24,879 |   |
| Average      attained age of                                                                                                                                                                                                                         |   |                       |   |   |                |   |   |                |   |   |              |   |   |              |          |   |   |   |   |   |
| contractholders                                             |   |                       | 49.7   |   |                |   | 62.2   |                |   |   | 65.9              |   |   |              | 61.9          |   |   |   | 53.4 |   |
| Percentage      of contractholders                                                                                                                                                                                                                   |   |                       |   |   |                |   |   |                |   |   |              |   |   |              |          |   |   |   |   |   |
| over      age      70                                       |   |                       | 7.7    | %      |                |   | 22.9   | %                   |   |   | 39.5              | %      |   |              | 22.0          | % |   |   | 12.7 | % |
| Range      of contractually                                                                                                                                                                                                                          |   |                       |   |   |                |   |   |                |   |   |              |   |   |              |          |   |   |   |   |   |
| specified      interest rates                                                                                                                                                                                                                        |   |                       | N/A    |   |                |   | N/A    |                |   |   | 3%      - 6       | %      |   |              | 3%      - 6.5 | % |   |   | 3%      - 6.5 | % |
|                                                                                                                                                                                                                                                 |   |                       |   |   |                |   |   |                |   |   |              |   |   |              |          |   |   |   |   |   |
| GMIB:                                                                                                                                                                                                                                                |   |                       |   |   |                |   |   |                |   |   |              |   |   |              |          |   |   |   |   |   |
| Account      values invested in:                                                                                                                                                                                                                     |   |                       |   |   |                |   |   |                |   |   |              |   |   |              |          |   |   |   |   |   |
| General      Account                                        |   |                       | N/A    |   |                |   | N/A    |                |   | $      | 74                |   |   | $                 | 1,258         |   |   | $ | 1,332 |   |
| Separate      Accounts                                      |   |                       | N/A    |   |                |   | N/A    |                |   | $      | 2,672             |   |   | $                 | 32,938        |   |   | $ | 35,610 |   |
| Net      amount at risk, gross                                                                                                                                                                                                                       |   |                       | N/A    |   |                |   | N/A    |                |   | $      | 1,377             |   |   | $                 | 1,527         |   |   | $ | 2,904 |   |
| Net      amount at risk, net of                                                                                                                                                                                                                      |   |                       |   |   |                |   |   |                |   |   |              |   |   |              |          |   |   |   |   |   |
| amounts      reinsured                                      |   |                       | N/A    |   |                |   | N/A    |                |   | $      | 396               |   |   | $                 | 1,269         |   |   | $ | 1,665 |   |
| Weighted      average years                                                                                                                                                                                                                          |   |                       |   |   |                |   |   |                |   |   |              |   |   |              |          |   |   |   |   |   |
| remaining      until                                                                                                                                                                                                                                 |   |                       |   |   |                |   |   |                |   |   |              |   |   |              |          |   |   |   |   |   |
| annuitization                                               |   |                       | N/A    |   |                |   | N/A    |                |   |   | 1.7               |   |   |              | 7.8           |   |   |   | 7.1 |   |
| Range      of contractually                                                                                                                                                                                                                          |   |                       |   |   |                |   |   |                |   |   |              |   |   |              |          |   |   |   |   |   |
| specified      interest rates                                                                                                                                                                                                                        |   |                       | N/A    |   |                |   | N/A    |                |   |   | 3%      - 6       | %      |   |              | 3%      - 6.5 | % |   |   | 3%      - 6.5 | % |
|                                                                                                                                                                                                                                                 |   |                       |   |   |                |   |   |                |   |   |              |   |   |              |          |   |   |   |   |   |

----

| Investment      in Variable Insurance Trust Mutual Funds                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   | December      31, |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   | 2008 |   | 2007 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   | (In      Millions) |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |   |   |
| GMDB:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |   |   |   |   |   |
| Equity                                                                                                    |   | $ | 31,402 |   |   | $ | 50,567 |   |
| Fixed      income                                                                                         |   |   | 3,964 |   |   |   | 4,693 |   |
| Balanced                                                                                                  |   |   | 17,495 |   |   |   | 20,590 |   |
| Other                                                                                                     |   |   | 2,499 |   |   |   | 2,243 |   |
| Total                                                                                                     |   | $ | 55,360 |   |   | $ | 78,093 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |   |   |   |   |   |   |   |
| GMIB:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |   |   |   |   |   |   |   |
| Equity                                                                                                    |   | $ | 19,207 |   |   | $ | 27,966 |   |
| Fixed      income                                                                                         |   |   | 2,238 |   |   |   | 2,711 |   |
| Balanced                                                                                                  |   |   | 12,887 |   |   |   | 14,816 |   |
| Other                                                                                                     |   |   | 1,278 |   |   |   | 1,025 |   |
| Total                                                                                                     |   | $ | 35,610 |   |   | $ | 46,518 |   |

|                                                                                                                                                                                                                                                                                                                                                                                                                       |   | Direct      Liability |   |   | Reinsurance      Ceded |   |   | Net    |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------|--------|--------|------------------------|--------|--------|--------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                       |   | (In      Millions)    |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                       |   |                  |   |
| Balance      at January 1,      2006                                                                 |   | $                     | 35.0   |   |                   | $      | -      |   |   | $ | 35.0 |   |
| Other      changes in      reserves                                                                                 |   |                  | 31.8   |   |                   |   | -      |   |   |   | 31.8 |   |
| Balance      at December 31,      2006                                                               |   |                  | 66.8   |   |                   |   | -      |   |   |   | 66.8 |   |
| Other      changes in      reserves                                                                                 |   |                  | 68.1   |   |                   |   | -      |   |   |   | 68.1 |   |
| Balance      at December 31,      2007                                                               |   |                  | 134.9  |   |                   |   | -      |   |   |   | 134.9 |   |
| Other      changes in      reserves                                                                                 |   |                  | 68.0   |   |                   |   | -      |   |   |   | 68.0 |   |
| Balance      at December 31,      2008                                                               |   | $                     | 202.9  |   |                   | $      | -      |   |   | $ | 202.9 |   |

----

| 9) | REINSURANCE      AGREEMENTS |
|----|-----------------------------|

----

|                                                                                                                                                                                                                                                                                                                                                                                                                              |   | 2008               |    |   | 2007   |   |    | 2006   |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------|---------|--------|--------|--------|---------|--------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                              |   | (In      Millions) |    |
|                                                                                                                                                                                                                                                                                                                                                                                                                              |   |               |    |
| Direct      premiums                                                                                        |   | $                  | 1,590.4 |   |   | $      | 1,631.1 |   |   | $ | 1,665.2 |   |
| Reinsurance      assumed                                                                                    |   |               | 191.9   |   |   |   | 198.7   |   |   |   | 197.2 |   |
| Reinsurance      ceded                                                                                      |   |               | (260.2  | )      |   |   | (268.2  | )      |   |   | (280.8 | ) |
| Premiums                                                                                                    |   | $                  | 1,522.1 |   |   | $      | 1,561.6 |   |   | $ | 1,581.6 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                              |   |               |    |   |   |   |    |   |   |   |   |   |
| Universal      Life and Investment-type Product                                                                                                                                                                                                                                                                                                                                                                                   |   |               |    |   |   |   |    |   |   |   |   |   |
| Policy      Fee Income      Ceded                                                                                     |   | $                  | 213.1   |   |   | $      | 200.9   |   |   | $ | 145.4 |   |
| Policyholders’      Benefits      Ceded                                                               |   | $                  | 1,331.1 |   |   | $      | 544.0   |   |   | $ | 521.9 |   |
| Interest      Credited to Policyholders’ Account                                                                                                                                                                                                                                                                                                                                                                            |   |               |    |   |   |   |    |   |   |   |   |   |
| Balances      Ceded                                                                                                   |   | $                  | 58.0    |   |   | $      | 56.1    |   |   | $ | 53.8 |   |

|                                                                                                                                                                                                                                                                                                                                                                                                                                |   | 2008               |   |   | 2007   |   |   | 2006   |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------|--------|--------|--------|--------|--------|--------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                |   | (In      Millions) |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                |   |               |   |
| Incurred      benefits related to current year                                                                                                                                                                                                                                                                                                                                                                                      |   | $                  | 35.7   |   |   | $      | 33.0   |   |   | $ | 36.0 |   |
| Incurred      benefits related to prior years                                                                                                                                                                                                                                                                                                                                                                                       |   |               | 4.3    |   |   |   | 13.4   |   |   |   | 9.9 |   |
| Total      Incurred      Benefits                                                                             |   | $                  | 40.0   |   |   | $      | 46.4   |   |   | $ | 45.9 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                |   |               |   |   |   |   |   |   |   |   |   |   |
| Benefits      paid related to current      year                                                               |   | $                  | 10.9   |   |   | $      | 12.0   |   |   | $ | 14.2 |   |
| Benefits      paid related to prior      years                                                                |   |               | 29.0   |   |   |   | 33.0   |   |   |   | 30.1 |   |
| Total      Benefits      Paid                                                                                 |   | $                  | 39.9   |   |   | $      | 45.0   |   |   | $ | 44.3 |   |

----

| 10) | SHORT-TERM      AND LONG-TERM DEBT |
|-----|------------------------------------|

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   | December      31,  |    |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------|---------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   | 2008               |    |   | 2007 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   | (In      Millions) |    |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |               |    |   |   |   |
| Short-term      debt:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |               |    |   |   |   |
| Promissory      note (with interest rate of 5.16%)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   | $                  | -       |   |   | $ | 248.3 |   |
| Current      portion of long-term      debt                                                                                      |   |               | -       |   |   |   | 250.0 |   |
| AllianceBernstein      commercial paper (with                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |               |    |   |   |   |   |   |
| interest      rates of 1.8% and      4.3%)                                                                                                 |   |               | 284.8   |   |   |   | 533.9 |   |
| Total      short-term      debt                                                                                                  |   |               | 284.8   |   |   |   | 1,032.2 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |               |    |   |   |   |   |   |
| Long-term      debt:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |               |    |   |   |   |   |   |
| AXA      Financial:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |               |    |   |   |   |   |   |
| Senior      Notes, 7.75%, due through      2010                                                                                            |   |               | 479.4   |   |   |   | 479.0 |   |
| Senior      Debentures, 7.0%, due      2028                                                                                                |   |               | 348.3   |   |   |   | 348.2 |   |
| Senior      Notes, 8.35%, due      2010                                                                                                    |   |               | 311.6   |   |   |   | 320.4 |   |
| Total      AXA      Financial                                                                                                                                  |   |               | 1,139.3 |   |   |   | 1,147.6 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |               |    |   |   |   |   |   |
| MONY      Life:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |               |    |   |   |   |   |   |
| Surplus      Notes, 11.25%, due      2024                                                                                                  |   |               | 1.9     |   |   |   | 1.9 |   |
| Total      MONY      Life                                                                                                                                      |   |               | 1.9     |   |   |   | 1.9 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |               |    |   |   |   |   |   |
| AXA      Equitable:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |               |    |   |   |   |   |   |
| Surplus      Notes, 7.70%, due      2015                                                                                                   |   |               | 199.8   |   |   |   | 199.8 |   |
| Total      AXA      Equitable                                                                                                                                  |   |               | 199.8   |   |   |   | 199.8 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |               |    |   |   |   |   |   |
| Total      long-term      debt                                                                                                   |   |               | 1,341.0 |   |   |   | 1,349.3 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |               |    |   |   |   |   |   |
| Total      Short-term and Long-term      Debt                                                                                    |   | $                  | 1,625.8 |   |   | $ | 2,381.5 |   |

----

| 11) | RELATED      PARTY TRANSACTIONS |
|-----|---------------------------------|

----

|                                                                                                                                                                                                                                                                                                                                                                                                                          |   | 2008               |   |   | 2007   |   |    | 2006   |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------|--------|--------|--------|--------|---------|--------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                          |   | (In      Millions) |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                          |   |               |   |   |   |   |    |   |   |
| Investment      advisory and services fees                                                                                                                                                                                                                                                                                                                                                                                    |   | $                  | 870.5  |   |   | $      | 1,027.6 |   |   | $ | 841.0 |   |
| Distribution      revenues                                                                              |   |               | 378.4  |   |   |   | 473.4   |   |   |   | 421.0 |   |
| Other      revenues - shareholder servicing fees                                                                                                                                                                                                                                                                                                                                                                              |   |               | 99.0   |   |   |   | 103.6   |   |   |   | 97.2 |   |
| Other      revenues -      other                                                                        |   |               | 6.9    |   |   |   | 6.5     |   |   |   | 6.9 |   |
| Institutional      research      services                                                               |   |               | 1.2    |   |   |   | 1.6     |   |   |   | 1.9 |   |

----

| 12) | EMPLOYEE      BENEFIT PLANS |
|-----|-----------------------------|

|                                                                                                                                                                                                                                                                                                                                                                                                                         |   | 2008               |   |   | 2007   |   |   | 2006   |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------|--------|--------|--------|--------|--------|--------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                         |   | (In      Millions) |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                         |   |               |   |
| Service      cost                                                                                      |   | $                  | 59.4   |   |   | $      | 58.0   |   |   | $ | 57.0 |   |
| Interest      cost on      PBO                                                                         |   |               | 191.8  |   |   |   | 185.8  |   |   |   | 174.4 |   |
| Expected      return on      assets                                                                    |   |               | (227.7 | )      |   |   | (225.4 | )      |   |   | (217.3 | ) |
| Curtailment      gain      recognized                                                                  |   |               | (4.3   | )      |   |   | -      |   |   |   | - |   |
| Net      amortization and      deferrals                                                               |   |               | 51.1   |   |   |   | 75.1   |   |   |   | 100.3 |   |
| Net      Periodic Pension      Expense                                                                 |   | $                  | 70.3   |   |   | $      | 93.5   |   |   | $ | 114.4 |   |

----

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   | December      31,  |    |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------|---------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   | 2008               |    |   | 2007 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   | (In      Millions) |    |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |               |    |
| Benefit      obligations, beginning of      year                                                                                      |   | $                  | 3,183.6 |   |   | $ | 3,274.6 |   |
| Service      cost                                                                                                                     |   |               | 51.4    |   |   |   | 50.0 |   |
| Interest      cost                                                                                                                    |   |               | 191.8   |   |   |   | 185.8 |   |
| Actuarial      gains                                                                                                                  |   |               | (67.0   | ) |   |   | (81.4 | ) |
| Plan      curtailment                                                                                                                 |   |               | (25.8   | ) |   |   | - |   |
| Benefits      paid                                                                                                                    |   |               | (240.3  | ) |   |   | (241.2 | ) |
| Plan      amendments                                                                                                                  |   |               | (21.8   | ) |   |   | (4.2 | ) |
| Benefit      Obligations, End of      Year                                                                                            |   | $                  | 3,071.9 |   |   | $ | 3,183.6 |   |

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | December      31,  |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | 2008               |   | 2007 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | (In      Millions) |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |               |   |
| Plan      assets at fair value, beginning of      year                                                                                           |               | $      | 2,817.8 |   |   | $ | 2,811.5 |   |
| Actual      return on plan      assets                                                                                                           |               |   | (972.9 | ) |   |   | 216.6 |   |
| Contributions                                                                                                                                    |               |   | 35.8 |   |   |   | 4.9 |   |
| Benefits      paid and      fees                                                                                                                 |               |   | (213.4 | ) |   |   | (215.2 | ) |
| Plan      assets at fair value, end of      year                                                                                                 |               |   | 1,667.3 |   |   |   | 2,817.8 |   |
| PBO                                                                                                                                              |               |   | 3,071.9 |   |   |   | 3,183.6 |   |
| Underfunding      - Excess of PBO Over Plan      Assets                                                                                          |               | $      | (1,404.6 | ) |   | $ | (365.8 | ) |

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | December      31,  |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | 2008               |   | 2007 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | (In      Millions) |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |               |   |
| Unrecognized      net actuarial      loss                                                                                     |               | $      | 1,769.2 |   |   | $ | 710.4 |   |
| Unrecognized      prior service      credit                                                                                   |               |   | (20.3 | ) |   |   | (5.7 | ) |
| Unrecognized      net transition      asset                                                                                   |               |   | (.6 | ) |   |   | (.8 | ) |
| Total                                                                                                                                                  |               | $      | 1,748.3 |   |   | $ | 703.9 |   |

----

|                                                                                                                                                                                                                                                                                                                                                                               | December      31,          |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------|
|                                                                                                                                                                                                                                                                                                                                                                               | 2008                       |   | 2007 |
|                                                                                                                                                                                                                                                                                                                                                                               | Fair      Value            |   | % |   |   | Fair      Value |   | % |   |   |
|                                                                                                                                                                                                                                                                                                                                                                               | (Dollars      In Millions) |
|                                                                                                                                                                                                                                                                                                                                                                               |                       |   |   |   |   |   |   |   |   |   |   |
| Corporate      and government debt securities                                                                                                                                                                                                                                                                                                                                      | $                          | 451.4 |   |   |   | 27.1 |   |   | $ | 456.7 |   |   | 16.2 |   |
| Equity      securities                                                                |                       | 943.4 |   |   |   | 56.6 |   |   |   | 2,075.3 |   |   | 73.6 |   |
| Equity      real      estate                                                          |                       | 244.6 |   |   |   | 14.7 |   |   |   | 277.7 |   |   | 9.9 |   |
| Short-term      investments                                                           |                       | 27.9 |   |   |   | 1.6 |   |   |   | 8.1 |   |   | .3 |   |
| Total      Plan      Assets                                                           | $                          | 1,667.3 |   |   |   | 100.0 |   |   | $ | 2,817.8 |   |   | 100.0 |   |

|                                                                  |   | AXA      Financial Group |
|-----------------------------------------------------------------------|--------|--------------------------|
|                                                                  |   | 2008                     |   | 2007 |
| Discount      rate:                                                   |   |                     |   |   |
| Benefit      obligation                                |   | 6.50%                    |   | 6.25% |
| Periodic      cost                                          |   | 6.25%      (1)           |   | 5.75% |
|                                                                  |   |                     |   |   |
| Rate      of compensation increase:                                   |   |                     |   |   |
| Benefit      obligation and periodic cost                             |   | 6.00%                    |   | 6.00% |
|                                                                  |   |                     |   |   |
| Expected      long-term rate of return on plan assets (periodic cost) |   | 8.50%                    |   | 8.50% |

----

|                                                                                                                                                                                                                                                                                                                                                                                                                         |   | 2008               |   |   | 2007   |   |   | 2006   |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------|--------|--------|--------|--------|--------|--------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                         |   | (In      Millions) |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                         |   |               |   |
| Service      costs                                                                                     |   | $                  | 2.4    |   |   | $      | 2.7    |   |   | $ | 6.4 |   |
| Interest      cost on accumulated postretirement                                                                                                                                                                                                                                                                                                                                                                             |   |               |   |   |   |   |   |   |   |   |   |   |
| benefits      obligation                                                                                         |   |               | 36.0   |   |   |   | 35.3   |   |   |   | 35.5 |   |
| Net      amortization and      deferrals                                                               |   |               | 4.2    |   |   |   | 6.5    |   |   |   | 9.3 |   |
| Curtailment      gain                                                                                  |   |               | -      |   |   |   | -      |   |   |   | (45.4 | ) |
| Other                                                                                                  |   |               | -      |   |   |   | -      |   |   |   | (5.4 | ) |
| Net      Periodic Postretirement Benefits Costs                                                                                                                                                                                                                                                                                                                                                                              |   | $                  | 42.6   |   |   | $      | 44.5   |   |   | $ | .4 |   |

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   | December      31,  |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   | 2008               |   |   | 2007 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   | (In      Millions) |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |               |   |
| Accumulated      postretirement benefits obligation,                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |               |   |   |   |   |
| beginning      of      year                                                                                                              |   | $                  | 596.2  |   |   | $ | 650.5 |   |
| Service      cost                                                                                                              |   |               | 2.4    |   |   |   | 2.7 |   |
| Interest      cost                                                                                                             |   |               | 36.0   |   |   |   | 35.3 |   |
| Contributions      and benefits      paid                                                                                      |   |               | (54.6  | ) |   |   | (46.5 | ) |
| Medicare      Part D      Subsidy                                                                                              |   |               | 1.8    |   |   |   | (4.6 | ) |
| Actuarial      gains                                                                                                           |   |               | (12.0  | ) |   |   | (41.2 | ) |
| Plan      amendments                                                                                                           |   |               | (.8    | ) |   |   | - |   |
| Accumulated      Postretirement Benefits Obligation, End of Year                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   | $                  | 569.0  |   |   | $ | 596.2 |   |

----

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         | December      31,  |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         | 2008               |   | 2007 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         | (In      Millions) |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |               |   |
| Unrecognized      net actuarial      loss                                                                                          |               | $      | 85.2 |   |   | $ | 102.5 |   |
| Unrecognized      prior service      credit                                                                                        |               |   | (11.2 | ) |   |   | (11.4 | ) |
| Unrecognized      net transition      obligation                                                                                   |               |   | .1 |   |   |   | - |   |
| Total                                                                                                                                                            |               | $      | 74.1 |   |   | $ | 91.1 |   |

|                          | 2008                                                                                                                                                     |   | 2007   |
|-------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|
|                          |                                                                                                                                                     |   |   |
| Discount      rate:           |                                                                                                                                                     |   |   |
| Benefit      obligation  | 6.50%                                                                                                                                                    |   | 6.25%  |
| Periodic      cost       | 6.25%(1)                                                                                                                                                 |   | 5.75%  |
|                          |                                                                                                                                                     |   |   |
| (1)                           | For      plans remeasured in second quarter 2008, periodic cost was recalculated      using a discount rate of 6.75% for the remainder of the      year. |

|                                                                                                                                                                                                                                                                                                                                                                                                               | 2008               |   | 2007 |   | 2006   |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------|--------|------|--------|--------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                               | (In      Millions) |   |
|                                                                                                                                                                                                                                                                                                                                                                                                               |               |   |
| Service      cost                                                                            |               | $      | 4.8  |   |   | $      | 4.5 |   |   | $ | 6.0 |   |
| Interest      cost on      PBO                                                               |               |   | 1.6  |   |   |   | 1.6 |   |   |   | 1.3 |   |
| Plan      recalculation adjustment (1)                                                                                                                                                                                                                                                                                                                                                                             |               |   | -    |   |   |   | - |   |   |   | (12.1 | ) |
| Net      actuarial      gain                                                                 |               |   | (2.6 | )      |   |   | (9.2 | ) |   |   | - |   |
| Net      Periodic Post-employment Benefits Cost                                                                                                                                                                                                                                                                                                                                                                    |               | $      | 3.8  |   |   | $      | (3.1 | ) |   | $ | (4.8 | ) |

| (1)          | Included      an adjustment in 2006 of the post-employment liability related to prior      periods. |
|-----------------------------|-----------------------------------------------------------------------------------------------------|

----

|                                                                                                                                                                   |   |               |    |   |          | Postretirement      Benefits |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------|---------|--------|---------------|------------------------------|--------|
|                                                                                                                                                                   |   |               |    |   |          |                         |   |   |   |  Health |   |
|                                                                                                                                                                   |   | PensionBenefits    |    |   | LifeInsurance |                         |   | GrossEstimatedPayment |   |   |  EstimatedMedicarePart      D Subsidy |   |   |   | NetEstimatedPayment |   |
|                                                                                                                                                                   |   | (In      Millions) |    |
|                                                                                                                                                                   |   |               |    |   |          |                         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| 2009                            |   | $                  | 256.3   |   |          | $                            | 24.5   |   |   | $ | 32.4 |   |   | $ | 5.5 |   |   | $ | 26.9 |   |
| 2010                            |   |               | 261.1   |   |          |                         | 24.6   |   |   |   | 31.7 |   |   |   | 5.8 |   |   |   | 25.9 |   |
| 2011                            |   |               | 262.2   |   |          |                         | 24.7   |   |   |   | 30.6 |   |   |   | 6.2 |   |   |   | 24.4 |   |
| 2012                            |   |               | 266.9   |   |          |                         | 24.8   |   |   |   | 29.3 |   |   |   | 6.5 |   |   |   | 22.8 |   |
| 2013                            |   |               | 266.0   |   |          |                         | 25.0   |   |   |   | 28.1 |   |   |   | 6.9 |   |   |   | 21.2 |   |
| Years      2014-2018                                                                                                                                                   |   |               | 1,325.9 |   |          |                         | 125.0  |   |   |   | 121.6 |   |   |   | 39.0 |   |   |   | 82.6 |   |

| 13) | SHARE-BASED      AND OTHER COMPENSATION PROGRAMS |
|-----|--------------------------------------------------|

----

|                                               |   | Options      Outstanding            |   |
|----------------------------------------------------|--------|-------------------------------------|--------|
|                                               |   | AXA      Ordinary Shares            |   | AXA      ADRs |   |   | AllianceBernstein      Holding Units |   |
|                                               |   | NumberOutstanding(In      Millions) |   |   | WeightedAverageExercisePrice |   |   |        NumberOutstanding(In      Millions) |   |   |        WeightedAverageExercisePrice |   |   |        NumberOutstanding(In      Millions) |   |   |   |        WeightedAverageExercisePrice |   |
|                                               |   |                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                               |   |                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Options      outstanding at January 1,      2008   |   |                                | 10.3   |   |   | € | 27.77 |   |   |   | 19.0 |   |   | $ | 22.64 |   |   |   | 7.3 |   |   |   | $ | 64.20 |   |
| Options      granted                               |   |                                | 3.1    |   |   | € | 21.40 |   |   |   | - |   |   | $ | 36.11 |   |   |   | - |  (2)  |   |   | $ | 64.24 |   |
| Options      exercised                             |   |                                | -      |   |   | € | 20.44 |   |   |   | (4.6 | ) |   | $ | 24.87 |   |   |   | (.3 | ) |   |   | $ | 41.98 |   |
| Options      forfeited, net                        |   |                                | (.2    | ) |   | € | 27.26 |   |   |   | (2.1 | ) |   | $ | 31.20 |   |   |   | (.1 | ) |   |   | $ | 67.67 |   |
| Options      expired                               |   |                                | -      |   |   |   |   |   |   |   | - |   |   |   |   |   |   |   | (.2 | ) |   |   |   | 26.31 |   |
| Options      Outstanding at December 31,      2008 |   |                                | 13.2   |   |   | € | 26.34 |   |   |   | 12.3 |   |   | $ | 20.40 |   |   |   | 6.7 |   |   |   | $ | 66.11 |   |
| Aggregate      Intrinsic Value(1)                  |   |                                |   |   |   | € | - |   |   |   |   |   |   | $ | 47.1 |   |   |   |   |   |   |   | $ | - |   |
| Weighted      Average                              |   |                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Remaining                                          |   |                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Contractual      Term                              |   |                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (in      years)                                    |   |                                | 7.73   |   |   |   |   |   |   |   | 3.93 |   |   |   |   |   |   |   | 6.3 |   |   |   |   |   |   |
| Options      Exercisable at                        |   |                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| December      31, 2008                             |   |                                | 3.1    |   |   | € | 23.07 |   |   |   | 12.1 |   |   | $ | 20.30 |   |   |   | 3.3 |   |   |   | $ | 46.69 |   |
| Aggregate      Intrinsic Value(1)                  |   |                                |   |   |   | € | - |   |   |   |   |   |   | $ | 47.1 |   |   |   |   |   |   |   | $ | - |   |
| Weighted      Average                              |   |                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Remaining                                          |   |                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Contractual      Term                              |   |                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (in      years)                     |   |                                | 6.58   |   |   |   |   |   |   |   | 3.89 |   |   |   |   |   |   |   | 3.2 |   |   |   |   |   |   |

| (1)   | Intrinsic      value, presented in millions, is calculated as the excess of the closing      market price on December 31, 2008 of the respective underlying shares over      the strike prices of the optionawards. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2)   | AllianceBernstein      grants totaled 13,825 units in2008. |
|-----------------|------------------------------------------------------------|

----

|                                                                                                                                                                                                                                                                              | AXA      Ordinary Shares |   | AllianceBernstein      Holding Units |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------|--------|--------------------------------------|
|                                                                                                                                                                                                                                                                              |                     | 2008   |                                 | 2007 |   | 2006 |   | 2008 |   | 2007 |   | 2006 |
|                                                                                                                                                                                                                                                                              |                     |   |                                 |   |   |   |   |   |   |   |   |   |
| Dividend      yield                                                       |                     | 7.12%  |                                 | 4.10% |   | 3.4% |   | 5.4% |   | 5.6-5.7% |   | 6% |
|                                                                                                                                                                                                                                                                              |                     |   |                                 |   |   |   |   |   |   |   |   |   |
| Expected      volatility                                                  |                     | 34.7%  |                                 | 27.5% |   | 28% |   | 29.3% |   | 27.7-30.8% |   | 31% |
|                                                                                                                                                                                                                                                                              |                     |   |                                 |   |   |   |   |   |   |   |   |   |
| Risk-free      interest      rate                                         |                     | 4.19%  |                                 | 4.40% |   | 3.77% |   | 3.2% |   | 3.5-4.9% |   | 4.9% |
|                                                                                                                                                                                                                                                                              |                     |   |                                 |   |   |   |   |   |   |   |   |   |
| Expected      life in      years                                          |                     | 6.0    |                                 | 5.5 |   | 5.0 |   | 6.0 |   | 6.0-9.5 |   | 6.5 |
|                                                                                                                                                                                                                                                                              |                     |   |                                 |   |   |   |   |   |   |   |   |   |
| Weighted      average fair value per                                                                                                                                                                                                                                              |                     |   |                                 |   |   |   |   |   |   |   |   |   |
| option      at grant      date                                                      |                     | $5.70  |                                 | $9.61 |   | $7.45 |   | $10.85 |   | $15.96 |   | $12.35 |

----

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |           |   | Weighted        |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------|--------|-----------------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | Shares      of |   | Average         |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | Restricted     |   | Grant      Date |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | Stock          |   | Fair      Value |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |           |   |            |   |   |
| Unvested      as of January 1, 2008                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | 408,511        |   | $          | 9.67 |   |
| Granted                                                                                        | 149,413        |   | $               | 37.68 |   |
| Vested                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | 96,822         |   | $               | 24.30 |   |
| Forfeited                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               | -              |   |            |   |   |
| Unvested      as of December 31, 2008                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | 461,102        |   | $               | 31.92 |   |

----

----

| 14) | NET      INVESTMENT INCOME AND INVESTMENT GAINS (LOSSES),  NET |
|-----|----------------------------------------------------------------|

|                                                                                                                                                                                                                                                                                                                                                                                                                            |   | 2008               |    |   | 2007   |   |    | 2006   |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------|---------|--------|--------|--------|---------|--------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                            |   | (In      Millions) |    |
|                                                                                                                                                                                                                                                                                                                                                                                                                            |   |               |    |
| Fixed      maturities                                                                                     |   | $                  | 2,155.9 |   |   | $      | 2,217.3 |   |   | $ | 2,326.8 |   |
| Mortgage      loans on real      estate                                                                   |   |               | 354.2   |   |   |   | 338.3   |   |   |   | 362.1 |   |
| Equity      real      estate                                                                              |   |               | 95.2    |   |   |   | 103.5   |   |   |   | 98.1 |   |
| Other      equity      investments                                                                        |   |               | (119.8  | )      |   |   | 255.0   |   |   |   | 200.9 |   |
| Policy      loans                                                                                         |   |               | 324.7   |   |   |   | 321.9   |   |   |   | 316.7 |   |
| Short-term      investments                                                                               |   |               | 80.3    |   |   |   | 97.1    |   |   |   | 91.9 |   |
| Derivative      investments                                                                               |   |               | 6,753.5 |   |   |   | 67.5    |   |   |   | (290.7 | ) |
| Broker-dealer      related      receivables                                                               |   |               | 91.8    |   |   |   | 234.6   |   |   |   | 226.5 |   |
| Trading      securities                                                                                   |   |               | (343.6  | )      |   |   | 36.0    |   |   |   | 53.4 |   |
| Other      investment      income                                                                         |   |               | 7.7     |   |   |   | 58.3    |   |   |   | 43.4 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                            |   |               |    |   |   |   |    |   |   |   |   |   |
| Gross      investment      income                                                                                   |   |               | 9,399.9 |   |   |   | 3,729.5 |   |   |   | 3,429.1 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                            |   |               |    |   |   |   |    |   |   |   |   |   |
| Investment      expenses                                                                                  |   |               | (122.5  | )      |   |   | (148.7  | )      |   |   | (134.7 | ) |
| Interest      expense                                                                                     |   |               | (36.5   | )      |   |   | (194.4  | )      |   |   | (187.8 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                            |   |               |    |   |   |   |    |   |   |   |   |   |
| Net      Investment      Income                                                                           |   | $                  | 9,240.9 |   |   | $      | 3,386.4 |   |   | $ | 3,106.6 |   |

|                                                                                                                                                                                                                                                                                                                                                                                                                         |   | 2008               |   |   | 2007   |   |   | 2006   |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------|--------|--------|--------|--------|--------|--------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                         |   | (In      Millions) |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                         |   |               |   |   |   |   |   |   |   |
| Fixed      maturities                                                                                  |   | $                  | (500.2 | )      |   | $      | (95.0  | )      |   | $ | (20.3 | ) |
| Mortgage      loans on real      estate                                                                |   |               | 7.8    |   |   |   | 9.4    |   |   |   | 2.6 |   |
| Equity      real      estate                                                                           |   |               | (1.6   | )      |   |   | 12.9   |   |   |   | 8.9 |   |
| Other      equity      investments                                                                     |   |               | 9.6    |   |   |   | 16.6   |   |   |   | 21.2 |   |
| Other      (1)                                                                                         |   |               | 17.1   |   |   |   | 25.5   |   |   |   | 32.6 |   |
| Investment      Gains (Losses),      Net                                                               |   | $                  | (467.3 | )      |   | $      | (30.6  | )      |   | $ | 45.0 |   |

| (1)         | In      2008, 2007 and 2006, respectively, AllianceBernstein issued units to its      employees under long-term incentive plans.  As a result of these      transactions, AXA Financial Group recorded non-cash realized gains of      $10.3 million, $26.7 million and $33.0 million for 2008, 2007 and 2006,      respectively. |
|-----------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                                                                                                                                                                                                                                                                                                                                                                                                                     |   | 2008               |     |   | 2007   |   |   | 2006   |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------|----------|--------|--------|--------|--------|--------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                     |   | (In      Millions) |     |
|                                                                                                                                                                                                                                                                                                                                                                                                                     |   |               |     |
| Balance,      beginning of      year                                                               |   | $                  | 38.8     |   |   | $      | 262.2  |   |   | $ | 423.4 |   |
| Changes      in unrealized investment losses on investments                                                                                                                                                                                                                                                                                                                                                              |   |               | (3,336.3 | )      |   |   | (441.1 | )      |   |   | (494.8 | ) |
| Changes      in unrealized investment losses      attributable      to:                                                                                                                                                                                                                                                                                                                                             |   |               |     |   |   |   |   |   |   |   |   |   |
| Participating      group annuity contracts,                                                                                                                                                                                                                                                                                                                                                                              |   |               |     |   |   |   |   |   |   |   |   |   |
| Closed      Blocks policyholder dividend                                                                                                                                                                                                                                                                                                                                                                                 |   |               |     |   |   |   |   |   |   |   |   |   |
| obligation      and      other                                                                                                   |   |               | (29.4    | )      |   |   | (2.5   | )      |   |   | 134.2 |   |
| DAC      and      VOBA                                                                                            |   |               | 727.2    |   |   |   | 92.8   |   |   |   | 91.6 |   |
| Deferred      income      taxes                                                                                   |   |               | 924.5    |   |   |   | 127.4  |   |   |   | 107.8 |   |
| Balance,      End of      Year                                                                     |   | $                  | (1,675.2 | )      |   | $      | 38.8   |   |   | $ | 262.2 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                     |   |               |     |   |   |   |   |   |   |   |   |   |

|                                                                                                                                                                                                                                                                                                                                                                                      |   | 2008               |     |   | 2007   |   |   | 2006   |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------|----------|--------|--------|--------|--------|--------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                      |   | (In      Millions) |     |
|                                                                                                                                                                                                                                                                                                                                                                                      |   |               |     |
| Balance,      end of year comprises:                                                                                                                                                                                                                                                                                                                                                      |   |               |     |   |   |   |   |   |   |
| Unrealized      investment (losses) gains on:                                                                                                                                                                                                                                                                                                                                             |   |               |     |   |   |   |   |   |   |
| Fixed      maturities                                                                             |   | $                  | (3,331.0 | )      |   | $      | 2.0    |   |   | $ | 439.3 |   |
| Other      equity      investments                                                                |   |               | (2.0     | )      |   |   | 1.3    |   |   |   | 5.1 |   |
| Total                                                                                             |   |               | (3,333.0 | )      |   |   | 3.3    |   |   |   | 444.4 |   |
| Unrealized      investment gains (losses)                                                                                                                                                                                                                                                                                                                                                 |   |               |     |   |   |   |   |   |   |   |   |   |
| attributable      to:                                                                                                                                                                                                                                                                                                                                                                     |   |               |     |   |   |   |   |   |   |   |   |   |
| Participating      group annuity contracts,                                                                                                                                                                                                                                                                                                                                               |   |               |     |   |   |   |   |   |   |   |   |   |
| Closed      Blocks policyholder dividend                                                                                                                                                                                                                                                                                                                                                  |   |               |     |   |   |   |   |   |   |   |   |   |
| obligation      and      other                                                                                             |   |               | 16.8     |   |   |   | 46.2   |   |   |   | 48.7 |   |
| DAC      and      VOBA                                                                                           |   |               | 920.0    |   |   |   | (6.2   | )      |   |   | (99.0 | ) |
| Deferred      income      taxes                                                                                  |   |               | 920.0    |   |   |   | (4.5   | )      |   |   | (131.9 | ) |
| Total                                                               |   | $                  | (1,675.2 | )      |   | $      | 38.8   |   |   | $ | 262.2 |   |

| 15) | INCOME      TAXES |
|-----|-------------------|

|                                                                                                                                                                                                                                                                                                                                                                                                         | 2008               |   | 2007    |   | 2006   |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------|--------|---------|--------|--------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                         | (In      Millions) |   |
|                                                                                                                                                                                                                                                                                                                                                                                                         |               |   |
| Income      tax expense:                                                                                                                                                                                                                                                                                                                                                                                     |               |   |    |   |   |   |   |   |   |
| Current      expense                                                                             |               | $      | 97.6    |   |   | $      | 621.4 |   |   | $ | 533.3 |   |
| Deferred      expense      (benefit)                                                             |               |   | 1,752.8 |   |   |   | 223.2 |   |   |   | (17.4 | ) |
| Total                                                                                  |               | $      | 1,850.4 |   |   | $      | 844.6 |   |   | $ | 515.9 |   |

----

|                                                                                                                                                                                                                                                                                                                                                                                                                           |   | 2008               |    |   | 2007   |   |   | 2006   |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------|---------|--------|--------|--------|--------|--------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                           |   | (In      Millions) |    |
|                                                                                                                                                                                                                                                                                                                                                                                                                           |   |               |    |
| Expected      income tax      expense                                                                    |   | $                  | 2,021.7 |   |   | $      | 926.9  |   |   | $ | 728.2 |   |
| Minority      interest                                                                                   |   |               | (89.6   | )      |   |   | (132.6 | )      |   |   | (163.1 | ) |
| Separate      Accounts investment activity                                                                                                                                                                                                                                                                                                                                                                                     |   |               | (68.0   | )      |   |   | (53.5  | )      |   |   | (48.6 | ) |
| Non-taxable      investment      income                                                                  |   |               | 24.6    |   |   |   | (25.4  | )      |   |   | (23.5 | ) |
| Adjustment      of tax audit      reserves                                                               |   |               | 11.3    |   |   |   | 26.4   |   |   |   | (82.4 | ) |
| State      income      taxes                                                                             |   |               | 22.9    |   |   |   | 55.5   |   |   |   | 50.4 |   |
| AllianceBernstein      income and foreign taxes                                                                                                                                                                                                                                                                                                                                                                                |   |               | (79.6   | )      |   |   | 40.2   |   |   |   | 48.7 |   |
| Other                                                                                                    |   |               | 7.1     |   |   |   | 7.1    |   |   |   | 6.2 |   |
| Income      Tax      Expense                                                                             |   | $                  | 1,850.4 |   |   | $      | 844.6  |   |   | $ | 515.9 |   |

|                                                                                                                                                                                                                                                                                                                         | December      31, 2008 |   | December      31, 2007 |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------|--------|------------------------|--------|
|                                                                                                                                                                                                                                                                                                                         | Assets                 |   | Liabilities            |   | Assets |   | Liabilities |   |
|                                                                                                                                                                                                                                                                                                                         | (In      Millions)     |   |
|                                                                                                                                                                                                                                                                                                                         |                   |   |
| Compensation      and related benefits                                                                                                                                                                                                                                                                                       |                   | $      | 898.0                  |   |   | $ | - |   |   | $ | 593.3 |   |   | $ | - |   |
| Reserves      and      reinsurance                                                |                   |   | 261.0                  |   |   |   | - |   |   |   | 1,615.5 |   |   |   | - |   |
| DAC      and      VOBA                                                            |                   |   | -                      |   |   |   | 2,611.2 |   |   |   | - |   |   |   | 2,957.4 |   |
| Unrealized      investment losses/gains                                                                                                                                                                                                                                                                                      |                   |   | 899.0                  |   |   |   | - |   |   |   | - |   |   |   | 4.8 |   |
| Investments                                                                       |                   |   | -                      |   |   |   | 1,568.1 |   |   |   | - |   |   |   | 919.3 |   |
| Other                                                                             |                   |   | 75.5                   |   |   |   | - |   |   |   | 157.5 |   |   |   | - |   |
| Total                                                                             |                   | $      | 2,133.5                |   |   | $ | 4,179.3 |   |   | $ | 2,366.3 |   |   | $ | 3,881.5 |   |

----

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   | 2008               |   |   | 2007   |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------|--------|--------|--------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   | (In      Millions) |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |               |   |
| Balance      at January      1                                                                                                               |   | $                  | 456.8  |   |   | $      | 494.8 |   |
| Additions      for tax positions of prior      years                                                                                         |   |               | 94.4   |   |   |   | 33.2 |   |
| Reductions      for tax positions of prior      years                                                                                        |   |               | (8.1   | )      |   |   | (18.6 | ) |
| Additions      for tax positions of current      years                                                                                       |   |               | 2.9    |   |   |   | 7.5 |   |
| Reductions      for tax positions of current      years                                                                                      |   |               | -      |   |   |   | (1.2 | ) |
| Settlements      with tax      authorities                                                                                                   |   |               | (26.1  | )      |   |   | (58.9 | ) |
| Reductions      as a result of a lapse of the applicable                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |               |   |   |   |   |   |   |
| statute      of      limitations                                                                                                                       |   |               | -      |   |   |   | - |   |
| Balance,      December      31                                                                                                               |   | $                  | 519.9  |   |   | $      | 456.8 |   |

| 16) | DISCONTINUED      OPERATIONS |
|-----|------------------------------|

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   | 2008               |   |   | 2007   |   |   | 2006   |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------|--------|--------|--------|--------|--------|--------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   | (In      Millions) |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |               |   |   |   |   |   |   |   |
| (Losses)      Earnings from Discontinued Operations, Net      of Income Taxes:                                                                                                                                                                                                                                                                                                                                                                                                                                |   |               |   |   |   |   |   |   |   |
| Wind-up      Annuities                                                                                                 |   | $                  | (27.5  | )      |   | $      | (.1    | )      |   | $ | 30.2 |   |
| Real      estate      held-for-sale                                                                                    |   |               | 1.5    |   |   |   | (6.7   | )      |   |   | 12.0 |   |
| Disposal      of business -      Enterprise                                                                            |   |               | (3.5   | )      |   |   | (2.4   | )      |   |   | (6.1 | ) |
| Total                                                                                                                  |   | $                  | (29.5  | )      |   | $      | (9.2   | )      |   | $ | 36.1 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |               |   |   |   |   |   |   |   |   |   |   |
| Gains      (Losses) on Disposal of Discontinued Operations, Net      of Income Taxes:                                                                                                                                                                                                                                                                                                                                                                                                                         |   |               |   |   |   |   |   |   |   |   |   |   |
| Real      estate      held-for-sale                                                                                    |   | $                  | 6.3    |   |   | $      | 3.1    |   |   | $ | 62.1 |   |
| Discontinued      Investment Banking and Brokerage segment                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |               | -      |   |   |   | -      |   |   |   | 53.9 |   |
| Disposal      of business -      Advest                                                                                |   |               | -      |   |   |   | -      |   |   |   | 4.1 |   |
| Disposal      of business -      Enterprise                                                                            |   |               | 1.2    |   |   |   | (6.7   | )      |   |   | (2.9 | ) |
| Total                                                                                                                  |   | $                  | 7.5    |   |   | $      | (3.6   | )      |   | $ | 117.2 |   |

----

----

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   | December      31,  |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   | 2008               |   |   | 2007 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   | (In      Millions) |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |               |   |
| BALANCE      SHEETS                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |               |   |   |   |   |
| Fixed      maturities, available for sale, at estimated fair value                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |               |   |   |   |   |
| (amortized      cost of $661.8 and      $696.3)                                                                                  |   | $                  | 602.1  |   |   | $ | 705.0 |   |
| Equity      real      estate                                                                                           |   |               | 162.2  |   |   |   | 165.0 |   |
| Other      invested      assets                                                                                        |   |               | 2.5    |   |   |   | 4.0 |   |
| Total      investments                                                                                                           |   |               | 766.8  |   |   |   | 874.0 |   |
| Cash      and cash      equivalents                                                                                    |   |               | -      |   |   |   | - |   |
| Other      assets                                                                                                      |   |               | 77.1   |   |   |   | 27.3 |   |
| Total      Assets                                                                                                      |   | $                  | 843.9  |   |   | $ | 901.3 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |               |   |   |   |   |   |   |
| Policyholders      liabilities                                                                                         |   | $                  | 723.4  |   |   | $ | 756.1 |   |
| Other      liabilities                                                                                                 |   |               | 120.5  |   |   |   | 145.2 |   |
| Total      Liabilities                                                                                                 |   | $                  | 843.9  |   |   | $ | 901.3 |   |

----

|                                                                                                                                                                                                                                                                                                                                                                                                                         |   | 2008               |   |   | 2007   |   |   | 2006   |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------|--------|--------|--------|--------|--------|--------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                         |   | (In      Millions) |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                         |   |               |   |
| STATEMENTS      OF EARNINGS                                                                                                                                                                                                                                                                                                                                                                                                  |   |               |   |   |   |   |   |   |   |
| Investment      income (net of investment                                                                                                                                                                                                                                                                                                                                                                                    |   |               |   |   |   |   |   |   |   |
| expenses      of $19.3, $19.6 and $19.0)                                                                                                                                                                                                                                                                                                                                                                                     |   | $                  | 64.0   |   |   | $      | 64.9   |   |   | $ | 71.3 |   |
| Investment      (losses) gains,      net                                                               |   |               | (4.8   | )      |   |   | (.8    | )      |   |   | 6.0 |   |
| Policy      fees, premiums and other income                                                                                                                                                                                                                                                                                                                                                                                  |   |               | .1     |   |   |   | .2     |   |   |   | - |   |
| Total      revenues                                                                                    |   |               | 59.3   |   |   |   | 64.3   |   |   |   | 77.3 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                         |   |               |   |   |   |   |   |   |   |   |   |   |
| Benefits      and other      deductions                                                                |   |               | 101.7  |   |   |   | 80.0   |   |   |   | 84.7 |   |
| Losses      charged to the                                                                                                                                                                                                                                                                                                                                                                                                   |   |               |   |   |   |   |   |   |   |   |   |   |
| allowance      for future      losses                                                                            |   |               | -      |   |   |   | (15.6  | )      |   |   | (7.4 | ) |
| Pre-tax      loss from      operations                                                                 |   |               | (42.4  | )      |   |   | (.1    | )      |   |   | - |   |
| Pre-tax      earnings from                                                                                                                                                                                                                                                                                                                                                                                                   |   |               |   |   |   |   |   |   |   |   |   |   |
| releasing      the allowance for future losses                                                                                                                                                                                                                                                                                                                                                                               |   |               | -      |   |   |   | -      |   |   |   | 37.1 |   |
| Income      tax benefit      (expense)                                                                 |   |               | 14.9   |   |   |   | -      |   |   |   | (6.9 | ) |
| (Losses)      Earnings from Wind-up Annuities                                                                                                                                                                                                                                                                                                                                                                                |   | $                  | (27.5  | )      |   | $      | (.1    | )      |   | $ | 30.2 |   |

| 17) | ACCUMULATED      OTHER COMPREHENSIVE LOSS |
|-----|-------------------------------------------|

|                                                                                                                                                                                                                                                                                                                                                                                              |               |   | December      31, |   |   |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------|--------|-------------------|--------|--------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                              | 2008               |   | 2007              |   | 2006   |   |
|                                                                                                                                                                                                                                                                                                                                                                                              | (In      Millions) |   |
|                                                                                                                                                                                                                                                                                                                                                                                              |               |   |
| Unrealized      (losses) gains on investments                                                                                                                                                                                                                                                                                                                                                     |               | $      | (1,675.2          | )      |   | $      | 38.8 |   |   | $ | 262.2 |   |
| Defined      benefit pension and other                                                                                                                                                                                                                                                                                                                                                            |               |   |              |   |   |   |   |   |   |   |   |   |
| postretirement      plans                                                             |               |   | (1,179.2          | )      |   |   | (517.6 | ) |   |   | (641.1 | ) |
| Total      Accumulated Other                                                                                                                                                                                                                                                                                                                                                                      |               |   |              |   |   |   |   |   |   |   |   |   |
| Comprehensive      Loss                                                               |               | $      | (2,854.4          | )      |   | $      | (478.8 | ) |   | $ | (378.9 | ) |

----

|                                                                                                                                                                                                                                                                                                                                                                                                             |   | 2008               |     |   | 2007   |   |   | 2006   |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------|----------|--------|--------|--------|--------|--------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                             |   | (In      Millions) |     |
|                                                                                                                                                                                                                                                                                                                                                                                                             |   |               |     |
| Net      unrealized losses on investments:                                                                                                                                                                                                                                                                                                                                                                       |   |               |     |   |   |   |   |   |   |
| Net      unrealized losses (gains)                                                                                                                                                                                                                                                                                                                                                                               |   |               |     |   |   |   |   |   |   |
| arising      during the      period                                                                                                |   | $                  | (3,253.0 | )      |   | $      | (419.9 | )      |   | $ | (481.8 | ) |
| Losses      reclassified into net earnings                                                                                                                                                                                                                                                                                                                                                                       |   |               |     |   |   |   |   |   |   |   |   |   |
| during      the      period                                                                                                        |   |               | (83.3    | )      |   |   | (21.2  | )      |   |   | (13.0 | ) |
| Net      unrealized losses on investments                                                                                                                                                                                                                                                                                                                                                                        |   |               | (3,336.3 | )      |   |   | (441.1 | )      |   |   | (494.8 | ) |
| Adjustments      for policyholders liabilities, DAC                                                                                                                                                                                                                                                                                                                                                              |   |               |     |   |   |   |   |   |   |   |   |   |
| and      VOBA and deferred income taxes                                                                                                                                                                                                                                                                                                                                                                          |   |               | 1,622.3  |   |   |   | 217.7  |   |   |   | 333.6 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                             |   |               |     |   |   |   |   |   |   |   |   |   |
| Change      in unrealized (losses) gains, net of                                                                                                                                                                                                                                                                                                                                                                 |   |               |     |   |   |   |   |   |   |   |   |   |
| adjustments                                                                                                              |   |               | (1,714.0 | )      |   |   | (223.4 | )      |   |   | (161.2 | ) |
| Change      in minimum pension liability                                                                                                                                                                                                                                                                                                                                                                         |   |               | -        |   |   |   | -      |   |   |   | 18.5 |   |
| Change      in defined benefit pension and other                                                                                                                                                                                                                                                                                                                                                                 |   |               |     |   |   |   |   |   |   |   |   |   |
| postretirement      plans                                                                                                |   |               | (661.6   | )      |   |   | 123.5  |   |   |   | - |   |
| Total      Other Comprehensive      Loss                                                             |   | $                  | (2,375.6 | )      |   | $      | (99.9  | )      |   | $ | (142.7 | ) |

| 18) | COMMITMENTS      AND CONTINGENT LIABILITIES |
|-----|---------------------------------------------|

----

|                                                                                                                                                                                                                                                                                                                                                                                                                           |   | December      31,  |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                           |   | 2008               |   |   | 2007 |   |   | 2006 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                           |   | (In      Millions) |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                           |   |               |   |   |   |   |   |   |   |
| Balance,      beginning of      year                                                                |   | $                  | 84.5   |   |   | $ | 72.5 |   |   | $ | 113.7 |   |
| Additions                                                                                           |   |               | 68.2   |   |   |   | 21.3 |   |   |   | 12.2 |   |
| Cash      payments                                                                                  |   |               | (46.6  | ) |   |   | (7.6 | ) |   |   | (51.5 | ) |
| Other      reductions                                                                               |   |               | (14.3  | ) |   |   | (1.7 | ) |   |   | (1.9 | ) |
| Balance,      End of      Year                                                                      |   | $                  | 91.8   |   |   | $ | 84.5 |   |   | $ | 72.5 |   |

| 19) | LITIGATION |
|-----|------------|

----

----

----

| 20) | INSURANCE      GROUP STATUTORY FINANCIALINFORMATION |
|-----|-----------------------------------------------------|

----

|                                                                                                                                                                                                                                                                                                                                                                                                                 |   | 2008               |     |   | 2007   |   |    | 2006   |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------|----------|--------|--------|--------|---------|--------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                 |   | (In      Millions) |     |
|                                                                                                                                                                                                                                                                                                                                                                                                                 |   |               |     |
| Net      change in statutory surplus and                                                                                                                                                                                                                                                                                                                                                                             |   |               |     |   |   |   |    |   |   |
| capital      stock                                                                                       |   | $                  | (3,806.0 | )      |   | $      | (36.6   | )      |   | $ | 1,487.4 |   |
| Change      in      AVR                                                                        |   |               | (913.5   | )      |   |   | (201.2  | )      |   |   | 339.5 |   |
| Net      change in statutory surplus, capital stock                                                                                                                                                                                                                                                                                                                                                                  |   |               |     |   |   |   |    |   |   |   |   |   |
| and      AVR                                                                                             |   |               | (4,719.5 | )      |   |   | (237.8  | )      |   |   | 1,826.9 |   |
| Adjustments:                                                                                                                                                                                                                                                                                                                                                                                                         |   |               |     |   |   |   |    |   |   |   |   |   |
| Future      policy benefits and policyholders’                                                                                                                                                                                                                                                                                                                                                                 |   |               |     |   |   |   |    |   |   |   |   |   |
| account      balances                                                                                              |   |               | 168.0    |   |   |   | 473.1   |   |   |   | (29.6 | ) |
| DAC      and      VOBA                                                                                   |   |               | (2,186.6 | )      |   |   | 596.1   |   |   |   | 652.8 |   |
| Deferred      income      taxes                                                                          |   |               | (4,166.8 | )      |   |   | (694.6  | )      |   |   | 608.8 |   |
| Valuation      of      investments                                                                       |   |               | 3,700.7  |   |   |   | (18.5   | )      |   |   | (67.9 | ) |
| Valuation      of investment      subsidiary                                                             |   |               | 5,248.4  |   |   |   | 483.7   |   |   |   | (2,224.8 | ) |
| Change      in fair value of GMIB                                                                                                                                                                                                                                                                                                                                                                                    |   |               |     |   |   |   |    |   |   |   |   |   |
| reinsurance      contracts                                                                                         |   |               | 1,575.2  |   |   |   | 6.9     |   |   |   | (14.9 | ) |
| Pension      adjustment                                                                                  |   |               | 1,531.3  |   |   |   | -       |   |   |   | - |   |
| Premiums      and benefits ceded to AXA Bermuda                                                                                                                                                                                                                                                                                                                                                                      |   |               | 2,846.7  |   |   |   | -       |   |   |   | - |   |
| Issuance      of surplus notes                                                                                                                                                                                                                                                                                                                                                                                  |   |               | (1,000.0 | )      |   |   | -       |   |   |   | - |   |
| Shareholder      dividends paid                                                                                                                                                                                                                                                                                                                                                                                 |   |               | 95.0     |   |   |   | 680.0   |   |   |   | 635.0 |   |
| Changes      in non-admitted      assets                                                                 |   |               | 199.8    |   |   |   | 67.0    |   |   |   | (151.3 | ) |
| AXA      Financial, other subsidiaries and                                                                                                                                                                                                                                                                                                                                                                           |   |               |     |   |   |   |    |   |   |   |   |   |
| consolidation/elimination      adjustments                                                                                                                                                                                                                                                                                                                                                                           |   |               | 318.1    |   |   |   | (3.2    | )      |   |   | 4.1 |   |
| Other,      net                                                                                          |   |               | (8.6     | )      |   |   | (59.6   | )      |   |   | 13.3 |   |
| U.S.      GAAP adjustments for Wind-up Annuities                                                                                                                                                                                                                                                                                                                                                                     |   |               | (16.7    | )      |   |   | 31.2    |   |   |   | 28.8 |   |
| AXA      Financial Group’s U.S. GAAP                                                                                                                                                                                                                                                                                                                                                                           |   |               |     |   |   |   |    |   |   |   |   |   |
| Consolidated      Net      Earnings                                                                      |   | $                  | 3,585.0  |   |   | $      | 1,324.3 |   |   | $ | 1,281.2 |   |

|                                                                                                                                                                                                                                                                                                                                                                                                                                                |   | December      31,  |     |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------|----------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                |   | 2008               |     |   | 2007 |   |   | 2006 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                |   | (In      Millions) |     |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |               |     |
| Statutory      surplus and capital      stock                                                                  |   | $                  | 3,724.5  |   |   | $ | 7,530.5 |   |   | $ | 7,567.1 |   |
| AVR                                                                                                            |   |               | 496.3    |   |   |   | 1,409.8 |   |   |   | 1,611.0 |   |
| Statutory      surplus, capital stock and AVR                                                                                                                                                                                                                                                                                                                                                                                                       |   |               | 4,220.8  |   |   |   | 8,940.3 |   |   |   | 9,178.1 |   |
| Adjustments:                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |               |     |   |   |   |   |   |   |   |   |   |
| Future      policy benefits and policyholders’                                                                                                                                                                                                                                                                                                                                                                                                |   |               |     |   |   |   |   |   |   |   |   |   |
| account      balances                                                                                                              |   |               | (1,344.7 | ) |   |   | (2,352.2 | ) |   |   | (2,627.9 | ) |
| DAC      and      VOBA                                                                                                   |   |               | 8,471.4  |   |   |   | 9,980.1 |   |   |   | 9,299.4 |   |
| Deferred      income      taxes                                                                                          |   |               | (4,710.8 | ) |   |   | (1,202.7 | ) |   |   | (881.5 | ) |
| Valuation      of      investments                                                                                       |   |               | (3,004.9 | ) |   |   | 474.4 |   |   |   | 988.2 |   |
| Valuation      of investment      subsidiary                                                                             |   |               | 469.0    |   |   |   | (4,779.4 | ) |   |   | (5,263.1 | ) |
| Fair      value of GMIB reinsurance contracts                                                                                                                                                                                                                                                                                                                                                                                                       |   |               | 4,830.0  |   |   |   | 124.6 |   |   |   | 117.7 |   |
| Deferred      cost of insurance                                                                                                                                                                                                                                                                                                                                                                                                                     |   |               |     |   |   |   |   |   |   |   |   |   |
| ceded      to AXA      Bermuda                                                                                                     |   |               | 3,495.8  |   |   |   | - |   |   |   | - |   |
| Pension      adjustment                                                                                                  |   |               | 478.7    |   |   |   | - |   |   |   | - |   |
| Non-admitted      assets                                                                                                 |   |               | 1,530.9  |   |   |   | 1,331.6 |   |   |   | 1,263.9 |   |
| Issuance      of surplus      notes                                                                                      |   |               | (1,524.9 | ) |   |   | (525.9 | ) |   |   | (625.9 | ) |
| Goodwill      related to the MONY Acquisition                                                                                                                                                                                                                                                                                                                                                                                                       |   |               | 383.1    |   |   |   | 391.1 |   |   |   | 414.6 |   |
| Adjustment      to initially apply SFAS No. 158,                                                                                                                                                                                                                                                                                                                                                                                                    |   |               |     |   |   |   |   |   |   |   |   |   |
| net      of income      taxes                                                                                                           |   |               | -        |   |   |   | - |   |   |   | (581.7 | ) |
| AXA      Financial, other subsidiaries and                                                                                                                                                                                                                                                                                                                                                                                                          |   |               |     |   |   |   |   |   |   |   |   |   |
| consolidation/elimination      adjustments                                                                                                                                                                                                                                                                                                                                                                                                          |   |               | 138.2    |   |   |   | (380.0 | ) |   |   | (1,076.5 | ) |
| Other,      net                                                                                                          |   |               | (606.1   | ) |   |   | (481.4 | ) |   |   | (126.8 | ) |
| U.S.      GAAP adjustments for Wind-up Annuities                                                                                                                                                                                                                                                                                                                                                                                                    |   |               | 12.4     |   |   |   | 1.5 |   |   |   | (59.9 | ) |
| AXA      Financial Group’s U.S. GAAP                                                                                                                                                                                                                                                                                                                                                                                                          |   |               |     |   |   |   |   |   |   |   |   |   |
| Consolidated      Shareholder’s      Equity                                                                        |   | $                  | 12,838.9 |   |   | $ | 11,522.0 |   |   | $ | 10,018.6 |   |

----

| 21) | BUSINESS      SEGMENT INFORMATION |
|-----|-----------------------------------|

|                                                                                                                                                                                                                                                                                                                                                                                                                  |   | 2008               |     |   | 2007   |   |     | 2006   |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------|----------|--------|--------|--------|----------|--------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                  |   | (In      Millions) |     |
|                                                                                                                                                                                                                                                                                                                                                                                                                  |   |               |     |   |   |   |     |   |   |
| Segment      revenues:                                                                                                                                                                                                                                                                                                                                                                                                |   |               |     |   |   |   |     |   |   |
| Financial      Advisory/Insurance                                                               |   | $                  | 16,677.2 |   |   | $      | 8,874.4  |   |   | $ | 7,923.8 |   |
| Investment      Management (1)                                                                                                                                                                                                                                                                                                                                                                                        |   |               | 3,539.8  |   |   |   | 4,561.9  |   |   |   | 4,004.7 |   |
| Consolidation/elimination                                                                       |   |               | (76.5    | )      |   |   | (91.4    | )      |   |   | (90.0 | ) |
| Total      Revenues                                                                             |   | $                  | 20,140.5 |   |   | $      | 13,344.9 |   |   | $ | 11,838.5 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                  |   |               |     |   |   |   |     |   |   |   |   |   |

| (1)   | Intersegment      investment advisory and other fees of approximately $102.7 million, $124.7      million and $120.8 million for 2008, 2007 and 2006, respectively, are      included in total revenues of the Investment Management      segment. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                                                                                                                                                                                                                                                                                                                                                                                                                  |   | 2008               |    |   | 2007   |   |    | 2006   |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------|---------|--------|--------|--------|---------|--------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                  |   | (In      Millions) |    |
|                                                                                                                                                                                                                                                                                                                                                                                                                  |   |               |    |   |   |   |    |   |   |
| Segment      earnings from continuing operations                                                                                                                                                                                                                                                                                                                                                                      |   |               |    |   |   |   |    |   |   |
| before income taxes and      minority interest:                                                                                                                                                                                                                                                                                                                                                                       |   |               |    |   |   |   |    |   |   |
| Financial      Advisory/Insurance                                                               |   | $                  | 4,922.6 |   |   | $      | 1,341.9 |   |   | $ | 952.2 |   |
| Investment      Management(1)                                                                                                                                                                                                                                                                                                                                                                                         |   |               | 853.6   |   |   |   | 1,323.2 |   |   |   | 1,136.6 |   |
| Consolidation/elimination                                                                       |   |               | (.4     | )      |   |   | (.1     | )      |   |   | - |   |
| Total      Earnings from Continuing Operations before                                                                                                                                                                                                                                                                                                                                                                 |   |               |    |   |   |   |    |   |   |   |   |   |
| Income      Taxes and Minority Interest                                                                                                                                                                                                                                                                                                                                                                               |   | $                  | 5,775.8 |   |   | $      | 2,665.0 |   |   | $ | 2,088.8 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                  |   |               |    |   |   |   |    |   |   |   |   |   |

| (1)   | Net      of interest expenses incurred on securities  borrowed. |
|-----------------|-----------------------------------------------------------------|

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   | December      31,  |      |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------|-----------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   | 2008               |      |   | 2007 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   | (In      Millions) |      |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |               |      |   |   |   |
| Segment      assets:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |               |      |   |   |   |
| Financial      Advisory/Insurance                                                                                        |   | $                  | 144,467.7 |   |   | $ | 163,056.9 |   |
| Investment      Management                                                                                               |   |               | 13,377.3  |   |   |   | 16,243.6 |   |
| Consolidation/elimination                                                                                                |   |               | (21.5     | ) |   |   | (28.2 | ) |
| Total      Assets                                                                                                        |   | $                  | 157,823.5 |   |   | $ | 179,272.3 |   |

----

|   | QUARTERLY      RESULTS OF OPERATIONS (UNAUDITED) |
|--------|--------------------------------------------------|

|                                                                                                                                                                                                                                                                                  |   | Three      Months Ended |    |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------|---------|
|                                                                                                                                                                                                                                                                                  |   | March      31           |    |   | June      30 |   |   | September      30 |   |   | December      31 |   |
|                                                                                                                                                                                                                                                                                  |   | (In      Millions)      |    |
|                                                                                                                                                                                                                                                                                  |   |                    |    |
| 2008                                                                                                                                                                                                                                                                                  |   |                    |    |   |   |   |   |   |   |   |   |   |
| Total      Revenues                                            |   | $                       | 4,278.1 |   |   | $ | 2,868.2 |   |   | $ | 3,754.6 |   |   | $ | 9,239.6 |   |
|                                                                                                                                                                                                                                                                                  |   |                    |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Earnings      from Continuing                                                                                                                                                                                                                                                         |   |                    |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Operations                                                               |   | $                       | 612.6   |   |   | $ | 532.4 |   |   | $ | 98.5 |   |   | $ | 2,363.5 |   |
|                                                                                                                                                                                                                                                                                  |   |                    |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net      Earnings                                              |   | $                       | 618.9   |   |   | $ | 530.3 |   |   | $ | 98.3 |   |   | $ | 2,337.5 |   |
|                                                                                                                                                                                                                                                                                  |   |                    |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| 2007                                                                                                                                                                                                                                                                                  |   |                    |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total      Revenues                                            |   | $                       | 3,173.7 |   |   | $ | 3,095.3 |   |   | $ | 3,415.4 |   |   | $ | 3,660.5 |   |
|                                                                                                                                                                                                                                                                                  |   |                    |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Earnings      from Continuing                                                                                                                                                                                                                                                         |   |                    |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Operations                                                               |   | $                       | 337.6   |   |   | $ | 253.2 |   |   | $ | 396.1 |   |   | $ | 350.2 |   |
|                                                                                                                                                                                                                                                                                  |   |                    |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net      Earnings                                              |   | $                       | 336.9   |   |   | $ | 233.9 |   |   | $ | 403.5 |   |   | $ | 350.0 |   |

----

----

|                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |               |     |   | Estimated       |   |     | Carrying |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------|----------|--------|-----------------|--------|----------|----------|--------|
| Type of Investment                                                                                                                                                                                                                                                                                                                                                                                                                                  |   | Cost      (A)      |     |   | Fair      Value |   |     | Value    |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                |   | (In      Millions) |     |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |               |     |
| Fixed      maturities:                                                                                                                                                                                                                                                                                                                                                                                                                              |   |               |     |   |            |   |     |     |   |
| U.S.      government, agencies and authorities                                                                                                                                                                                                                                                                                                                                                                                                      |   | $                  | 2,607.3  |   |            | $      | 2,944.6  |     |   | $ | 2,944.6 |   |
| State,      municipalities and political subdivisions                                                                                                                                                                                                                                                                                                                                                                                               |   |               | 176.0    |   |            |   | 180.0    |     |   |   | 180.0 |   |
| Foreign      governments                                                                                            |   |               | 265.7    |   |            |   | 302.6    |     |   |   | 302.6 |   |
| Public      utilities                                                                                               |   |               | 3,910.7  |   |            |   | 3,661.9  |     |   |   | 3,661.9 |   |
| All      other corporate      bonds                                                                                 |   |               | 27,698.3 |   |            |   | 25,146.2 |     |   |   | 25,146.2 |   |
| Redeemable      preferred      stocks                                                                               |   |               | 2,023.8  |   |            |   | 1,180.6  |     |   |   | 1,180.6 |   |
| Total      fixed      maturities                                                                                    |   |               | 36,681.8 |   |            |   | 33,415.9 |     |   |   | 33,415.9 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |               |     |   |            |   |     |     |   |   |   |   |
| Equity      securities:                                                                                                                                                                                                                                                                                                                                                                                                                             |   |               |     |   |            |   |     |     |   |   |   |   |
| Common      stocks:                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |               |     |   |            |   |     |     |   |   |   |   |
| Industrial,      miscellaneous and all other                                                                                                                                                                                                                                                                                                                                                                                                        |   |               | 35.9     |   |            |   | 31.1     |     |   |   | 31.1 |   |
| Mortgage      loans on real      estate                                                                   |   |               | 5,174.0  |   |            |   | 5,039.5  |     |   |   | 5,174.0 |   |
| Real      estate                                                                                          |   |               | 314.0    |   |            |   | N/A      |     |   |   | 314.0 |   |
| Real      estate acquired in satisfaction of debt                                                                                                                                                                                                                                                                                                                                                                                                   |   |               | -        |   |            |   | N/A      |     |   |   | - |   |
| Real      estate joint      ventures                                                                      |   |               | 56.3     |   |            |   | N/A      |     |   |   | 56.3 |   |
| Policy      loans                                                                                         |   |               | 5,045.2  |   |            |   | 6,253.6  |     |   |   | 5,045.2 |   |
| Other      limited partnership interests and                                                                                                                                                                                                                                                                                                                                                                                                        |   |               |     |   |            |   |     |     |   |   |   |   |
| equity      investments                                                                                             |   |               | 1,758.8  |   |            |   | 1,758.8  |     |   |   | 1,758.8 |   |
| Trading      securities                                                                                   |   |               | 514.5    |   |            |   | 322.7    |     |   |   | 322.7 |   |
| Other      invested      assets                                                                           |   |               | 3,425.1  |   |            |   | 3,425.1  |     |   |   | 3,425.1 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |               |     |   |            |   |     |     |   |   |   |   |
| Total      Investments                                                                                    |   | $                  | 53,005.6 |   |            | $      | 50,246.7 |     |   | $ | 49,543.1 |   |

| (A)   | Cost      for fixed maturities represents original cost, reduced by repayments and      writedowns and adjusted for amortization of premiums or accretion of      discount; cost for equity securities represents original cost reduced by      writedowns; cost for other limited partnership interests represents      original cost adjusted for equity in earnings and reduced by      distributions. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   | 2008               |     |   | 2007   |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------|----------|--------|--------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   | (In      Millions) |     |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |               |     |
| ASSETS                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |               |     |   |   |   |
| Investment      in consolidated      subsidiaries                                                                                               |   | $                  | 17,568.1 |   |   | $      | 13,295.9 |   |
| Fixed      maturities available for sale, at estimated fair value                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |               |     |   |   |   |   |   |
| (amortized      costs, $3.9 and      $5.0)                                                                                                                |   |               | 3.9      |   |   |   | 5.0 |   |
| Other      invested      assets                                                                                                                 |   |               | -        |   |   |   | .2 |   |
| Total      investments                                                                                                                                                        |   |               | 17,572.0 |   |   |   | 13,301.1 |   |
| Cash      and cash      equivalents                                                                                                             |   |               | 27.1     |   |   |   | 95.5 |   |
| Loans      to      affiliates                                                                                                                   |   |               | 1,335.0  |   |   |   | 329.0 |   |
| Intangible      assets,      net                                                                                                                |   |               | 4.5      |   |   |   | 1,131.5 |   |
| Income      taxes      receivable                                                                                                               |   |               | 354.5    |   |   |   | 321.6 |   |
| Other      assets                                                                                                                               |   |               | 515.3    |   |   |   | 563.7 |   |
| Total      Assets                                                                                                                               |   | $                  | 19,808.4 |   |   | $      | 15,742.4 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |               |     |   |   |   |   |   |
| LIABILITIES                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |               |     |   |   |   |   |   |
| Short-term      and long-term      debt                                                                                                         |   | $                  | 1,139.3  |   |   | $      | 1,397.5 |   |
| Loans      from      affiliates                                                                                                                 |   |               | 4,530.0  |   |   |   | 1,345.0 |   |
| Liability      for employee benefit      plans                                                                                                  |   |               | 1,136.1  |   |   |   | 1,284.0 |   |
| Accrued      liabilities                                                                                                                        |   |               | 164.1    |   |   |   | 193.9 |   |
| Total      liabilities                                                                                                                                                        |   |               | 6,969.5  |   |   |   | 4,220.4 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |               |     |   |   |   |   |   |
| SHAREHOLDER’S      EQUITY                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |               |     |   |   |   |   |   |
| Common      stock, $.01 par value, 2.00 billion shares authorized,                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |               |     |   |   |   |   |   |
| 436.2      million shares issued and      outstanding                                                                                                     |   |               | 3.9      |   |   |   | 3.9 |   |
| Capital      in excess of par      value                                                                                                        |   |               | 1,298.9  |   |   |   | 1,250.0 |   |
| Retained      earnings                                                                                                                          |   |               | 14,448.8 |   |   |   | 10,863.8 |   |
| Accumulated      other comprehensive      loss                                                                                                  |   |               | (2,854.4 | )      |   |   | (478.8 | ) |
| Treasury      shares, at      cost                                                                                                              |   |               | (58.3    | )      |   |   | (116.9 | ) |
| Total      shareholder’s      equity                                                                                                                                    |   |               | 12,838.9 |   |   |   | 11,522.0 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |               |     |   |   |   |   |   |
| Total      Liabilities and Shareholder’s      Equity                                                                                      |   | $                  | 19,808.4 |   |   | $      | 15,742.4 |   |

----

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   | 2008               |    |   | 2007   |   |    | 2006   |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------|---------|--------|--------|--------|---------|--------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   | (In      Millions) |    |
| REVENUES                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |               |    |   |   |   |    |   |   |
| Equity      in earnings from continuing operations                                                                                                                                                                                                                                                                                                                                                                                                                        |   |               |    |   |   |   |    |   |   |
| of      consolidated      subsidiaries                                                                                          |   | $                  | 3,773.6 |   |   | $      | 1,562.4 |   |   | $ | 1,324.9 |   |
| Net      investment      income                                                                                       |   |               | (2.3    | )      |   |   | 17.0    |   |   |   | 39.0 |   |
| Investment      gains,      net                                                                                       |   |               | .1      |   |   |   | 8.2     |   |   |   | 3.4 |   |
| Other      income                                                                                                     |   |               | -       |   |   |   | 1.1     |   |   |   | - |   |
| Total      revenues                                                                                                                                 |   |               | 3,771.4 |   |   |   | 1,588.7 |   |   |   | 1,367.3 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |               |    |   |   |   |    |   |   |   |   |   |
| EXPENSES                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |               |    |   |   |   |    |   |   |   |   |   |
| Interest      expense                                                                                                 |   |               | 162.8   |   |   |   | 203.6   |   |   |   | 196.5 |   |
| Amortization      of other intangible      assets                                                                     |   |               | 14.4    |   |   |   | 13.0    |   |   |   | 5.5 |   |
| General      and administrative      expenses                                                                         |   |               | 18.3    |   |   |   | 21.1    |   |   |   | 34.3 |   |
| Total      expenses                                                                                                                                 |   |               | 195.5   |   |   |   | 237.7   |   |   |   | 236.3 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |               |    |   |   |   |    |   |   |   |   |   |
| Earnings      from continuing operations before                                                                                                                                                                                                                                                                                                                                                                                                                           |   |               |    |   |   |   |    |   |   |   |   |   |
| income      taxes                                                                                                               |   |               | 3,575.9 |   |   |   | 1,351.0 |   |   |   | 1,131.0 |   |
| Income      tax benefit      (expense)                                                                           |   |               | 31.1    |   |   |   | (13.9   | )      |   |   | (3.1 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |               |    |   |   |   |    |   |   |   |   |   |
| Earnings      from continuing      operations                                                                         |   |               | 3,607.0 |   |   |   | 1,337.1 |   |   |   | 1,127.9 |   |
| Equity      in (losses) earnings from discontinued                                                                                                                                                                                                                                                                                                                                                                                                                        |   |               |    |   |   |   |    |   |   |   |   |   |
| operations,      net of income      taxes                                                                                       |   |               | (29.5   | )      |   |   | (9.2    | )      |   |   | 36.1 |   |
| Equity      in (losses) gains on disposal of discontinued                                                                                                                                                                                                                                                                                                                                                                                                                 |   |               |    |   |   |   |    |   |   |   |   |   |
| operations,      net of income      taxes                                                                                       |   |               | 7.5     |   |   |   | (3.6    | )      |   |   | 117.2 |   |
| Net      Earnings                                                                                                     |   | $                  | 3,585.0 |   |   | $      | 1,324.3 |   |   | $ | 1,281.2 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |               |    |   |   |   |    |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |               |    |   |   |   |    |   |   |   |   |   |

----

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   | 2008               |     |   | 2007   |   | 2006     |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------|----------|--------|--------|--------|----------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   | (In      Millions) |     |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |               |     |
| Net      earnings                                                                                                       |   | $                  | 3,585.0  |   |   | $      | 1,324.3  |   |   | $ | 1,281.2 |   |
| Adjustments      to reconcile net earnings to net                                                                                                                                                                                                                                                                                                                                                                                                                           |   |               |     |   |   |   |     |   |   |   |   |   |
| cash      provided by operating activities:                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |               |     |   |   |   |     |   |   |   |   |   |
| Equity      in net earnings of      subsidiaries                                                                                                 |   |               | (3,751.6 | )      |   |   | (1,549.6 | )      |   |   | (1,415.4 | ) |
| Dividends      from      subsidiaries                                                                                                            |   |               | 270.1    |   |   |   | 880.4    |   |   |   | 768.2 |   |
| Investment      gains,      net                                                                                                                  |   |               | (.1      | )      |   |   | (8.2     | )      |   |   | (3.4 | ) |
| Change      in income tax      receivable                                                                                                        |   |               | (32.7    | )      |   |   | 183.6    |   |   |   | (28.8 | ) |
| Other                                                                                                                                            |   |               | 26.9     |   |   |   | (161.6   | )      |   |   | (108.3 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |               |     |   |   |   |     |   |   |   |   |   |
| Net      cash provided by operating      activities                                                                     |   |               | 97.6     |   |   |   | 668.9    |   |   |   | 493.5 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |               |     |   |   |   |     |   |   |   |   |   |
| Cash      flows from investing activities:                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |               |     |   |   |   |     |   |   |   |   |   |
| Maturities      and      repayments                                                                                               |   |               | 1.1      |   |   |   | .8       |   |   |   | 6.8 |   |
| Sales      of      investments                                                                                                    |   |               | -        |   |   |   | 4.9      |   |   |   | 2.4 |   |
| Purchase      of AllianceBernstein      Units                                                                                     |   |               | -        |   |   |   | (745.7   | )      |   |   | - |   |
| Repayments      of loans to      affiliates                                                                                       |   |               | -        |   |   |   | 100.0    |   |   |   | 115.0 |   |
| Additional      loans to      affiliates                                                                                          |   |               | (1,006.0 | )      |   |   | (4.0     | )      |   |   | - |   |
| Purchases      of      investments                                                                                                |   |               | -        |   |   |   | -        |   |   |   | (3.8 | ) |
| Contributions      to      subsidiaries                                                                                           |   |               | (2,070.8 | )      |   |   | (160.1   | )      |   |   | (268.4 | ) |
| Other                                                                                                                             |   |               | (4.4     | )      |   |   | 17.3     |   |   |   | (7.9 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |               |     |   |   |   |     |   |   |   |   |   |
| Net      cash used in investing      activities                                                                         |   |               | (3,080.1 | )      |   |   | (786.8   | )      |   |   | (155.9 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |               |     |   |   |   |     |   |   |   |   |   |
| Cash      flows from financing activities:                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |               |     |   |   |   |     |   |   |   |   |   |
| Repayment      of long-term      debt                                                                                             |   |               | (250.0   | )      |   |   | -        |   |   |   | - |   |
| Change      in short-term      debt                                                                                               |   |               | (8.7     | )      |   |   | (.8      | )      |   |   | 10.0 |   |
| Proceeds      from loans from      affiliates                                                                                     |   |               | 3,250.0  |   |   |   | 850.0    |   |   |   | 335.0 |   |
| Repayments      of loans from      affiliates                                                                                     |   |               | (65.0    | )      |   |   | (785.0   | )      |   |   | (635.0 | ) |
| Other                                                                                                                             |   |               | (12.2    | )      |   |   | 5.1      |   |   |   | 12.8 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |               |     |   |   |   |     |   |   |   |   |   |
| Net      cash provided by (used in) financing activities                                                                                                                                                                                                                                                                                                                                                                                                                    |   |               | 2,914.1  |   |   |   | 69.3     |   |   |   | (277.2 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |               |     |   |   |   |     |   |   |   |   |   |
| Change      in cash and cash      equivalents                                                                           |   |               | (68.4    | )      |   |   | (48.6    | )      |   |   | 60.4 |   |
| Cash      and cash equivalents, beginning of year                                                                                                                                                                                                                                                                                                                                                                                                                           |   |               | 95.5     |   |   |   | 144.1    |   |   |   | 83.7 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |               |     |   |   |   |     |   |   |   |   |   |
| Cash      and Cash Equivalents, End of      Year                                                                        |   | $                  | 27.1     |   |   | $      | 95.5     |   |   | $ | 144.1 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |               |     |   |   |   |     |   |   |   |   |   |
| Supplemental      cash flow information:                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |               |     |   |   |   |     |   |   |   |   |   |
| Interest      Paid                                                                                                                |   | $                  | 69.8     |   |   | $      | 78.0     |   |   | $ | 78.0 |   |
| Income      Taxes      Refunded                                                                                                   |   | $                  | 5.2      |   |   | $      | 20.7     |   |   | $ | 19.3 |   |

----

|                                                                                                                                                                          |               |   |                 |   | Future      Policy   |     | Policy  |   |       |   |                 |    | Amortization     |   |    |                  |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------|--------|----------------------|--------|----------------------|----------|---------|--------|------------|--------|----------------------|---------|------------------|--------|---------|-----------------------|--------|
|                                                                                                                                                                          | Deferred           |   |                 |   | Benefits             |     | Charges |   |  (1)  |   | Policyholders’ |    | of      Deferred |   |    |  (2)             |        |
|                                                                                                                                                                          | Policy             |   | Policyholders’ |   | and      Other       |     | And     |   | Net        |   | Benefits      and    |    | Policy           |   |    |  Other      |   |
|                                                                                                                                                                          | Acquisition        |   | Account              |   | Policyholders’ |     | Premium |   | Investment |   | Interest             |    | Acquisition      |   |    |  Operating  |   |
| Segment                                                                                                                                                                       | Costs              |   | Balances             |   | Funds                |     | Revenue |   | Income     |   | Credited             |    | Costs            |   |    |  Expense    |   |
|                                                                                                                                                                          | (In      Millions) |
|                                                                                                                                                                          |               |
| Financial      Advisory/                                                                                                                                                      |               |   |                 |   |                 |     |    |   |       |   |                 |    |             |   |    |                  |   |   |   |
| Insurance                                   |               | $      | 8,503.3              |   | $                    | 28,258.8 |    |   | 26,274.6   |   | $                    | 4,697.1 |             | $      | 9,505.2 |                  | $      | 6,947.7 |   | $ | 2,975.0 |   |   | $ | 1,831.9 |   |
| Investment                                                                                                                                                                    |               |   |                 |   |                 |     |    |   |       |   |                 |    |             |   |    |                  |   |   |   |   |   |   |   |   |   |   |
| Management                                       |               |   | -                    |   |                 | -        |    |   | -          |   |                 | -       |             |   | (290.7  | )                     |   | - |   |   | - |   |   |   |  2,686.2 |   |
| Consolidation/                                                                                                                                                                |               |   |                 |   |                 |     |    |   |       |   |                 |    |             |   |    |                  |   |   |   |   |   |   |   |   |   |   |
| Elimination                                 |               |   | -                    |   |                 | -        |    |   | -          |   |                 | -       |             |   | 26.4    |                  |   | - |   |   | - |   |   |   |  (76.1) |   |
| Total                             |               | $      | 8,503.3              |   | $                    | 28,258.8 |    | $      | 26,274.6   |   | $                    | 4,697.1 |             | $      | 9,240.9 |                  | $      | 6,947.7 |   | $ | 2,975.0 |   |   | $ | 4,442.0 |   |
|                                                                                                                                                                          |               |   |                 |   |                 |     |    |   |       |   |                 |    |             |   |    |                  |   |   |   |   |   |   |   |   |   |   |

| (1)   | Net      investment income is based upon specific identification of portfolios      within segments. |
|-----------------|------------------------------------------------------------------------------------------------------|

| (2)   | Operating      expenses are principally incurred directly by a  segment. |
|-----------------|--------------------------------------------------------------------------|

----

|                                                                                                                                                                          |   |                           |    |   |                          |   |     |                                                   |   |   |                           |   |   |                   |    |   |                                       |   |    |                                          |   |   |                     |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------------|---------|--------|-------------------------------|--------|----------|--------------------------------------------------------|--------|--------|--------------------------------|--------|--------|------------------------|---------|--------|--------------------------------------------|--------|---------|-----------------------------------------------|--------|--------|--------------------------|--------|
| Segment                                                                                                                                                                       |   | DeferredPolicyAcquisitionCosts |    |   | Policyholders'AccountBalances |   |     | Future      PolicyBenefitsand OtherPolicyholders'Funds |   |   | PolicyChargesAndPremiumRevenue |   |   | (1)NetInvestmentIncome |    |   | Policyholders'Benefits andInterestCredited |   |    | Amortizationof DeferredPolicyAcquisitionCosts |   |   | (2)OtherOperatingExpense |   |
|                                                                                                                                                                          |   | (In      Millions)             |    |
|                                                                                                                                                                     |   |                           |    |   |                          |   |     |                                                   |   |   |                           |   |   |                   |    |   |                                       |   |    |                                          |   |   |                     |   |
| Financial      Advisory/                                                                                                                                                      |   |                           |    |   |                          |   |     |                                                   |   |   |                           |   |   |                   |    |   |                                       |   |    |                                          |   |   |                     |   |
| Insurance                                   |   | $                              | 9,369.9 |   |                          | $      | 28,420.5 |                                                   |   | $      | 22,934.1                       |   |   | $                      | 4,534.7 |   |                                       | $      | 3,235.7 |                                          |   | $      | 4,282.1                  |   |   | $ | 1,217.5 |   |   | $ | 2,032.9 |   |
| Investment                                                                                                                                                                    |   |                           |    |   |                          |   |     |                                                   |   |   |                           |   |   |                   |    |   |                                       |   |    |                                          |   |   |                     |   |   |   |   |   |   |   |   |   |
| Management                                  |   |                           | -       |   |                          |   | -        |                                                   |   |   | -                              |   |   |                   | -       |   |                                       |   | 123.0   |                                          |   |   | -                        |   |   |   | - |   |   |   | 3,238.7 |   |
| Consolidation/                                                                                                                                                                |   |                           |    |   |                          |   |     |                                                   |   |   |                           |   |   |                   |    |   |                                       |   |    |                                          |   |   |                     |   |   |   |   |   |   |   |   |   |
| Elimination                                 |   |                           | -       |   |                          |   | -        |                                                   |   |   | -                              |   |   |                   | -       |   |                                       |   | 27.7    |                                          |   |   | -                        |   |   |   | - |   |   |   | (91.3 | ) |
| Total                             |   | $                              | 9,369.9 |   |                          | $      | 28,420.5 |                                                   |   | $      | 22,934.1                       |   |   | $                      | 4,534.7 |   |                                       | $      | 3,386.4 |                                          |   | $      | 4,282.1                  |   |   | $ | 1,217.5 |   |   | $ | 5,180.3 |   |
|                                                                                                                                                                          |   |                           |    |   |                          |   |     |                                                   |   |   |                           |   |   |                   |    |   |                                       |   |    |                                          |   |   |                     |   |   |   |   |   |   |   |   |   |

| (1)   | Net      investment income is based upon specific identification of portfolios      within segments. |
|-----------------|------------------------------------------------------------------------------------------------------|

| (2)   | Operating      expenses are principally incurred directly by a  segment. |
|-----------------|--------------------------------------------------------------------------|

----

|                                   |   |                           |    |   |                   |   |    |                                       |   |   |                                          |   |   |                     |   |
|----------------------------------------|--------|--------------------------------|---------|--------|------------------------|--------|---------|--------------------------------------------|--------|--------|-----------------------------------------------|--------|--------|--------------------------|--------|
| Segment                                |   | PolicyChargesandPremiumRevenue |    |   | (1)NetInvestmentIncome |   |    | Policyholders'Benefits andInterestCredited |   |   | Amortizationof DeferredPolicyAcquisitionCosts |   |   | (2)OtherOperatingExpense |   |
|                                   |   | (In      Millions)             |    |
| Financial      Advisory/Insurance      |   | $                              | 4,049.9 |   |                   | $      | 2,943.4 |                                       |   | $      | 4,214.1                                       |   |   | $                        | 812.6  |   |   | $ | 1,944.9 |   |
| Investment      Management   |   |                           | -       |   |                   |   | 132.9   |                                       |   |   | -                                             |   |   |                     | -      |   |   |   | 2,868.1 |   |
| Consolidation/Elimination              |   |                           | -       |   |                   |   | 30.3    |                                       |   |   | -                                             |   |   |                     | -      |   |   |   | (90.0 | ) |
| Total                        |   | $                              | 4,049.9 |   |                   | $      | 3,106.6 |                                       |   | $      | 4,214.1                                       |   |   | $                        | 812.6  |   |   | $ | 4,723.0 |   |

| (1)   | Net      investment income is based upon specific identification of portfolios      within segments. |
|-----------------|------------------------------------------------------------------------------------------------------|

| (2)   | Operating      expenses are principally incurred directly by a  segment. |
|-----------------|--------------------------------------------------------------------------|

----

|                                                                                                                                                                                                                                  |   |                       |      |   |          |   |      | Assumed   |   |   |     |   |   | Percentage     |      |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------------|-----------|--------|---------------|--------|-----------|-----------|--------|--------|----------|--------|--------|----------------|-----------|
|                                                                                                                                                                                                                                  |   |                       |      |   | Ceded      to |   |      | from      |   |   |     |   |   | of      Amount |      |
|                                                                                                                                                                                                                                  |   | Gross                      |      |   | Other         |   |      | Other     |   |   | Net      |   |   | Assumed        |      |
|                                                                                                                                                                                                                                  |   | Amount                     |      |   | Companies     |   |      | Companies |   |   | Amount   |   |   | to      Net    |      |
|                                                                                                                                                                                                                                  |   | (Dollars      In Millions) |      |
| 2008                                                                                                                                                                                                                                  |   |                       |      |   |          |   |      |      |   |   |     |   |   |           |      |
| Life      Insurance In-force                                                                                                                                                                                                          |   | $                          | 482,540.6 |   |          | $      | 231,036.7 |      |   | $      | 39,169.6 |   |   | $              | 290,673.5 |   |   | 13.48% |   |
|                                                                                                                                                                                                                                  |   |                       |      |   |          |   |      |      |   |   |     |   |   |           |      |   |   |   |   |
| Premiums:                                                                                                                                                                                                                             |   |                       |      |   |          |   |      |      |   |   |     |   |   |           |      |   |   |   |   |
| Life      insurance and                                                                                                                                                                                                               |   |                       |      |   |          |   |      |      |   |   |     |   |   |           |      |   |   |   |   |
| annuities                                                                            |   | $                          | 1,426.9   |   |          | $      | 146.0     |      |   | $      | 168.6    |   |   | $              | 1,449.5   |   |   | 11.64% |   |
| Accident      and health                                                                                                                                                                                                              |   |                       | 163.5     |   |          |   | 114.2     |      |   |   | 23.3     |   |   |           | 72.6      |   |   | 32.10% |   |
| Total      Premiums                                    |   | $                          | 1,590.4   |   |          | $      | 260.2     |      |   | $      | 191.9    |   |   | $              | 1,522.1   |   |   | 12.61% |   |
|                                                                                                                                                                                                                                  |   |                       |      |   |          |   |      |      |   |   |     |   |   |           |      |   |   |   |   |
| 2007                                                                                                                                                                                                                                  |   |                       |      |   |          |   |      |      |   |   |     |   |   |           |      |   |   |   |   |
| Life      Insurance In-force                                                                                                                                                                                                          |   | $                          | 473,580.9 |   |          | $      | 209,940.4 |      |   | $      | 40,334.2 |   |   | $              | 303,974.7 |   |   | 13.27% |   |
|                                                                                                                                                                                                                                  |   |                       |      |   |          |   |      |      |   |   |     |   |   |           |      |   |   |   |   |
| Premiums:                                                                                                                                                                                                                             |   |                       |      |   |          |   |      |      |   |   |     |   |   |           |      |   |   |   |   |
| Life      insurance and                                                                                                                                                                                                               |   |                       |      |   |          |   |      |      |   |   |     |   |   |           |      |   |   |   |   |
| annuities                                                                            |   | $                          | 1,511.1   |   |          | $      | 184.7     |      |   | $      | 173.7    |   |   | $              | 1,500.1   |   |   | 11.58% |   |
| Accident      and health                                                                                                                                                                                                              |   |                       | 120.0     |   |          |   | 83.5      |      |   |   | 25.0     |   |   |           | 61.5      |   |   | 40.65% |   |
| Total      Premiums                                    |   | $                          | 1,631.1   |   |          | $      | 268.2     |      |   | $      | 198.7    |   |   | $              | 1,561.6   |   |   | 12.72% |   |
|                                                                                                                                                                                                                                  |   |                       |      |   |          |   |      |      |   |   |     |   |   |           |      |   |   |   |   |
| 2006                                                                                                                                                                                                                                  |   |                       |      |   |          |   |      |      |   |   |     |   |   |           |      |   |   |   |   |
| Life      Insurance In-force                                                                                                                                                                                                          |   | $                          | 452,148.6 |   |          | $      | 154,656.3 |      |   | $      | 48,259.3 |   |   | $              | 345,751.6 |   |   | 13.96% |   |
|                                                                                                                                                                                                                                  |   |                       |      |   |          |   |      |      |   |   |     |   |   |           |      |   |   |   |   |
| Premiums:                                                                                                                                                                                                                             |   |                       |      |   |          |   |      |      |   |   |     |   |   |           |      |   |   |   |   |
| Life      insurance and                                                                                                                                                                                                               |   |                       |      |   |          |   |      |      |   |   |     |   |   |           |      |   |   |   |   |
| annuities                                                                            |   | $                          | 1,539.1   |   |          | $      | 191.4     |      |   | $      | 172.5    |   |   | $              | 1,520.2   |   |   | 11.35% |   |
| Accident      and health                                                                                                                                                                                                              |   |                       | 126.1     |   |          |   | 89.4      |      |   |   | 24.7     |   |   |           | 61.4      |   |   | 40.23% |   |
| Total      Premiums                                    |   | $                          | 1,665.2   |   |          | $      | 280.8     |      |   | $      | 197.2    |   |   | $              | 1,581.6   |   |   | 12.47% |   |
|                                                                                                                                                                                                                                  |   |                       |      |   |          |   |      |      |   |   |     |   |   |           |      |   |   |   |   |

| (A)   | Includes      amounts related to the discontinued group life and health      business. |
|-----------------|----------------------------------------------------------------------------------------|

----

----

----

----

----

----

----

----

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 2008                |   | 2007   |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------|--------|--------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | (In      Thousands) |   |
| Principal      Accounting Fees and Services:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |                |   |
| Audit      fees                                                                                                |                | $      | 18,029 |   |   | $ | 19,470 |   |
| Audit      related      fees                                                                                   |                |   | 2,504  |   |   |   | 2,626 |   |
| Tax      fees                                                                                                  |                |   | 2,376  |   |   |   | 2,158 |   |
| All      other      fees                                                                                       |                |   | 257    |   |   |   | 175 |   |
| Total                                                                                           |                | $      | 23,166 |   |   | $ | 24,429 |   |

----

| (A)   | The      following documents are filed as part of this  report: |
|-----------------|-----------------------------------------------------------------|

| 1.         | Financial      Statements |
|----------------------|---------------------------|

| 2.         | Consolidated      Financial Statement Schedules |
|----------------------|-------------------------------------------------|

| 3.         | Exhibits |
|----------------------|----------|

----

| Date: | March      13, 2009 |   | AXA      FINANCIAL, INC. |
|-------|---------------------|--------|--------------------------|

|   |   |   | By:    | /s/      Christopher M. Condron                     |
|--------|--------|--------|--------|-----------------------------------------------------|
|   |   |   | Name:  | Christopher      M. Condron                         |
|   |   |   |   | President      and Chief Executive Officer,Director |

|                                  |   |                                                      |                |
|---------------------------------------|--------|-----------------------------------------------------------|---------------------|
| /s/      Henri de Castries       |   | Chairman      of the Board, Director                      | March      13, 2009 |
| Henri      de Castries                |   |                                                      |                |
|                                  |   |                                                      |                |
| /s/      Christopher M. Condron  |   | President      and Chief Executive Officer, Director      | March      13, 2009 |
| Christopher      M. Condron           |   |                                                      |                |
|                                  |   |                                                      |                |
| /s/      Richard S. Dziadzio          |   | Executive      Vice President and Chief Financial Officer | March      13, 2009 |
| Richard      S. Dziadzio              |   |                                                      |                |
|                                  |   |                                                      |                |
| /s/      Alvin H. Fenichel            |   | Senior      Vice President and Chief Accounting Officer   | March      13, 2009 |
| Alvin      H. Fenichel                |   |                                                      |                |
|                                  |   |                                                      |                |
| /s/      Denis Duverne           |   | Director                                                  | March      13, 2009 |
| Denis      Duverne                    |   |                                                      |                |
|                                  |   |                                                      |                |
| /s/      Charlynn Goins          |   | Director                                                  | March      13, 2009 |
| Charlynn      Goins                   |   |                                                      |                |
|                                  |   |                                                      |                |
| /s/      Anthony J. Hamilton     |   | Director                                                  | March      13, 2009 |
| Anthony      J. Hamilton              |   |                                                      |                |
|                                  |   |                                                      |                |
| /s/      Mary R. Henderson       |   | Director                                                  | March      13, 2009 |
| Mary      R. Henderson                |   |                                                      |                |
|                                  |   |                                                      |                |
| /s/      James F. Higgins        |   | Director                                                  | March      13, 2009 |
| James      F. Higgins                 |   |                                                      |                |
|                                  |   |                                                      |                |
| /s/      Peter S. Kraus               |   | Director                                                  | March      13, 2009 |
| Peter      S. Kraus                   |   |                                                      |                |
|                                  |   |                                                      |                |
| /s/      Scott D. Miller         |   | Director                                                  | March      13, 2009 |
| Scott      D. Miller                  |   |                                                      |                |
|                                  |   |                                                      |                |
| /s/      Joseph H. Moglia        |   | Director                                                  | March      13, 2009 |
| Joseph      H. Moglia                 |   |                                                      |                |
|                                  |   |                                                      |                |
| /s/      Lorie A. Slutsky        |   | Director                                                  | March      13, 2009 |
| Lorie      A. Slutsky                 |   |                                                      |                |
|                                  |   |                                                      |                |
| /s/      Ezra Suleiman           |   | Director                                                  | March      13, 2009 |
| Ezra      Suleiman                    |   |                                                      |                |
|                                  |   |                                                      |                |
| /s/      Peter J. Tobin          |   | Director                                                  | March      13, 2009 |
| Peter      J. Tobin                   |   |                                                      |                |

----

| Number |   | Description                                                                                                                                                                                                                                                                                                       |   | Method of Filing                                                                                                                                                                                                     |   |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
|   |   |                                                                                                                                                                                                                                                                                                              |   |                                                                                                                                                                                                                 |   |
| 2.1    |   | Acquisition      Agreement dated as of June 20, 2000, amended and restated as of October 2,      2000, among AllianceBernstein, AllianceBernstein Holding, Alliance Capital      Management LLC, Bernstein, Bernstein Technologies Inc., SCB Partners Inc.,      Sanford C. Bernstein & Co., LLC, and SCB LLC |   | Filed      as Exhibit 2.1 to Alliance’s Annual Report on Form 10-K for the year ended      December 31, 2000 and incorporated herein by reference                                                              |   |
|   |   |                                                                                                                                                                                                                                                                                                              |   |                                                                                                                                                                                                                 |   |
| 2.2    |   | Purchase      Agreement dated as of June 20, 2000 by and among Alliance, AXA Financial      and Bernstein                                                                                                                                                                                                         |   | Filed      as Exhibit 10.18 to Alliance’s Annual Report on Form 10-K for the year      ended December 31, 2000 and incorporated herein by    reference                                                         |   |
|   |   |                                                                                                                                                                                                                                                                                                              |   |                                                                                                                                                                                                                 |   |
| 2.3    |   | Financing      Agreement dated as of June 20, 2000 between AXA Financial and      Alliance                                                                                                                                                                                                                        |   | Filed      as Exhibit 10.19 to Alliance’s Annual Report on Form 10-K for the year      ended December 31, 2000 and incorporated herein by    reference                                                         |   |
|   |   |                                                                                                                                                                                                                                                                                                              |   |                                                                                                                                                                                                                 |   |
| 2.4    |   | Letter      Agreement dated as of June 20, 2000 between AXA Financial and      Bernstein                                                                                                                                                                                                                          |   | Filed      as Exhibit 10.20 to Alliance’s Annual Report on Form 10-K for the year      ended December 31, 2000 and incorporated herein by    reference                                                         |   |
|   |   |                                                                                                                                                                                                                                                                                                              |   |                                                                                                                                                                                                                 |   |
| 2.5    |   | Agreement      and Plan of Merger dated as of September 17, 2003 among AXA Financial,      AIMA Acquisition Co. and MONY                                                                                                                                                                                          |   | Filed      as Exhibit 2.1 to the registrant’s Current Report on Form 8-K dated      September 18, 2003 and incorporated herein by reference                                                                    |   |
|   |   |                                                                                                                                                                                                                                                                                                              |   |                                                                                                                                                                                                                 |   |
| 2.6    |   | Amendment      No.1 to the Agreement and Plan of Merger dated as of February 22, 2004      among AXA Financial, AIMA Acquisition Co. and MONY                                                                                                                                                                     |   | Filed      as Exhibit 2.1 to the registrant’s Current Report on Form 8-K dated      February 23, 2004 and incorporated herein by reference                                                                     |   |
|   |   |                                                                                                                                                                                                                                                                                                              |   |                                                                                                                                                                                                                 |   |
| 2.7    |   | Acquisition      agreement dated as September 14, 2005 between AXA Financial, Inc. and      Merrill Lynch, Pierce, Fenner & Smith Incorporated.                                                                                                                                                               |   | Filed      as Exhibit 99.1 to the registrant’s Current Report on Form 8-K dated      September 14, 2005 and incorporated herein by reference                                                                   |   |
|   |   |                                                                                                                                                                                                                                                                                                              |   |                                                                                                                                                                                                                 |   |
| 3.1    |   | Restated      Certificate of Incorporation of AXA Financial                                                                                                                                                                                                                                                       |   | Filed      as Exhibit 4.01(a) to Post-Effective Amendment No. 1 to the registrant’s      Form S-3 Registration Statement (No. 333-03224), dated May 27, 1997 and      incorporated herein by reference         |   |
|   |   |                                                                                                                                                                                                                                                                                                              |   |                                                                                                                                                                                                                 |   |
| 3.2    |   | Amendment      to Restated Certificate of Incorporation of AXA Financial                                                                                                                                                                                                                                          |   | Filed      as Exhibit 4.01(g) to Post-Effective Amendment No. 1 to the      registrant’sForm      S-3 Registration Statement(No.      333-03224), dated May 27, 1997 and incorporated herein by      reference |   |
|   |   |                                                                                                                                                                                                                                                                                                              |   |                                                                                                                                                                                                                 |   |
| 3.3    |   | Corrected      Certificate of Amendment of Restated Certificate of Incorporation of AXA      Financial                                                                                                                                                                                                            |   | Filed      as Exhibit 3 to the registrant’s Current Report on Form 8-K dated      September 1, 1999 and incorporated herein by reference                                                                       |   |

----

|   |   |                                                                                                                                                                                                                                       |   |                                                                                                                                                                           |   |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| Number |   | Description                                                                                                                                                                                                                                |   | Method of Filing                                                                                                                                                               |   |
|   |   |                                                                                                                                                                                                                                       |   |                                                                                                                                                                           |   |
| 3.4    |   | Amendment      to the Restated Certificate of Incorporation of AXA Financial dated May      19, 2000                                                                                                                                       |   | Filed      as Exhibit 3.4 to the registrant’sForm      10-Q for the quarter ended June 30, 2000 and incorporated herein by      reference                                |   |
|   |   |                                                                                                                                                                                                                                       |   |                                                                                                                                                                           |   |
| 3.5    |   | By-laws      of AXA Financial, as amended effective March 23, 2000                                                                                                                                                                         |   | Filed      as Exhibit 3.3 to the registrant’s Annual Report on Form 10-K for the year      ended December 31, 1999 and incorporated herein by    reference               |   |
|   |   |                                                                                                                                                                                                                                       |   |                                                                                                                                                                           |   |
| 4.1    |   | Form      of Certificate for AXA Financial’s Common Stock, par value $.01 per      share                                                                                                                                             |   | Filed      as Exhibit 4(c) to the registrant’sForm      S-1 Registration Statement(No.      33-48115), dated May 26, 1992 and incorporated herein by      reference      |   |
|   |   |                                                                                                                                                                                                                                       |   |                                                                                                                                                                           |   |
| 4.2    |   | Indenture,      dated as of December 1, 1993, from AXA Financial to Chemical Bank, as      Trustee                                                                                                                                         |   | Filed      as Exhibit 4.02 to the registrant’sForm      S-4 Registration Statement(No.      33-73102), dated December 17, 1993 and incorporated herein by      reference |   |
|   |   |                                                                                                                                                                                                                                       |   |                                                                                                                                                                           |   |
| 4.3    |   | Fourth      Supplemental Indenture, datedApril      1, 1998, from AXA Financial to The Chase Manhattan Bank (formerly known as      Chemical Bank), as Trustee, together with forms of global Senior Note and      global Senior Indenture |   | Filed      as Exhibit 4.18(a) to the registrant’s Current Report on Form 8-K dated      April 7, 1998 and incorporated herein by reference                               |   |
|   |   |                                                                                                                                                                                                                                       |   |                                                                                                                                                                           |   |
| 4.4    |   | Fifth      Supplemental Indenture, dated July 28, 2000, from AXA Financial to The      Chase Manhattan Bank (formerly known as Chemical Bank), as Trustee,      together with the form of global Senior Note                               |   | Filed      as Exhibit 4.18(d) to the registrant’s Current Report on Form 8-K dated      July 31, 2000 and incorporated herein by reference                               |   |
|   |   |                                                                                                                                                                                                                                       |   |                                                                                                                                                                           |   |
| 9.1(a) |   | Voting      Trust Agreement dated as of May 12, 1992, among AXA, Claude Bébéar,      Patrice Garnier and Henri de Clermont-Tonnerre                                                                                              |   | Filed      as Exhibit 9 to the registrant’sForm      S-1 Registration Statement(No.      33-48115), dated May 26, 1992 and incorporated herein by      reference         |   |
|   |   |                                                                                                                                                                                                                                       |   |                                                                                                                                                                           |   |
| 9.1(b) |   | First      Amendment dated January 22, 1997 to the Voting Trust Agreement dated as      ofMay      12, 1992                                                                                                                                |   | Filed      as Exhibit 9(b) to the registrant’s Annual Report on Form 10-K for the      year ended December 31, 1997 and incorporated herein by      reference            |   |
|   |   |                                                                                                                                                                                                                                       |   |                                                                                                                                                                           |   |
| 9.1(c) |   | Amended      and Restated Voting Trust Agreement dated May 12, 2002                                                                                                                                                                        |   | Filed      as Exhibit 9.1(c) to the registrant’s Annual Report on Form 10-K for the      year ended December 31, 2002 and incorporated herein by      reference          |   |
|   |   |                                                                                                                                                                                                                                       |   |                                                                                                                                                                           |   |
| 10.1   |   | Cooperation      Agreement, dated as of July 18, 1991, as amended among AXA Equitable, AXA      Financial and AXA                                                                                                                          |   | Filed      as Exhibit 10(d) to the registrant’sForm      S-1 Registration Statement(No.      33-48115), dated May 26, 1992 and incorporated herein by      reference     |   |
|   |   |                                                                                                                                                                                                                                       |   |                                                                                                                                                                           |   |
| 10.2   |   | Letter      Agreement, dated May 12, 1992, among AXA Equitable, AXA Financial and      AXA                                                                                                                                                 |   | Filed      as Exhibit 10(e) to the registrant’sForm      S-1 Registration Statement(No.      33-48115), dated May 26, 1992 and incorporated herein by      reference     |   |
|   |   |                                                                                                                                                                                                                                       |   |                                                                                                                                                                           |   |

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| Number |   | Description                                                                                                                                                                                               |   | Method of Filing                                                                                                                                                           |   |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
|   |   |                                                                                                                                                                                                      |   |                                                                                                                                                                       |   |
| 10.3   |   | Amended      and Restated Reinsurance Agreement, dated as of March 29, 1990, between      AXA Equitable and First Equicor Life Insurance Company                                                          |   | Filed      as Exhibit 10(o) to the registrant’sForm      S-1 Registration Statement(No.      33-48115), dated May 26, 1992 and incorporated herein by      reference |   |
|   |   |                                                                                                                                                                                                      |   |                                                                                                                                                                       |   |
| 10.4   |   | The      Amended and Restated Transfer Agreement dated as of February 23, 1993, as      amended and restated on May 28, 1993, among Alliance, Equitable Capital      and Equitable Investment Corporation |   | Filed      as Exhibit 19 to the registrant’s Statement on Schedule 13D dated July 29,      1993 and incorporated herein by reference                                 |   |
|   |   |                                                                                                                                                                                                      |   |                                                                                                                                                                       |   |
| 10.5   |   | Management      Compensation Arrangements with Mr. de Castries                                                                                                                                            |   | Filed      as Exhibit 10.22 to the registrant’s Annual Report on Form 10-K for the      year ended December 31, 1997 and incorporated herein by      reference       |   |
|   |   |                                                                                                                                                                                                      |   |                                                                                                                                                                       |   |
| 10.6   |   | Exchange      Agreement dated as ofSeptember      27, 1994, between AXA and AXA Financial                                                                                                                 |   | Filed      as Exhibit 10.01 to registrant’s Form S-4 Registration Statement (No.      33-84462), dated September 28, 1994 and incorporated herein by      reference  |   |
|   |   |                                                                                                                                                                                                      |   |                                                                                                                                                                       |   |
| 10.7   |   | Employment      Agreement dated May 11, 2001 between AXA Financial, AXA Equitable and      Christopher M. Condron +                                                                                       |   | Filed      as Exhibit 10.16 to the registrant’s Form 10-Q for the quarter ended June      30, 2001 and incorporated herein by reference                              |   |
|   |   |                                                                                                                                                                                                      |   |                                                                                                                                                                       |   |
| 13.1   |   | AllianceBernstein      Risk Factors                                                                                                                                                                       |   | Filed      herewith                                                                                                                                                        |   |
|   |   |                                                                                                                                                                                                      |   |                                                                                                                                                                       |   |
| 18     |   | Preferability      Letter from PricewaterhouseCoopers LLP                                                                                                                                                 |   | Filed      as Exhibit 18 to the Registrant’s Annual Report on Form 10-K for the year      ended December 31, 2002 and incorporated herein by    reference            |   |
|   |   |                                                                                                                                                                                                      |   |                                                                                                                                                                       |   |
| 21     |   | Subsidiaries      of the registrant                                                                                                                                                                       |   | Omitted      pursuant to General Instruction I of Form 10-K                                                                                                                |   |
|   |   |                                                                                                                                                                                                      |   |                                                                                                                                                                       |   |
| 23.1   |   | Consent      of PricewaterhouseCoopers LLP                                                                                                                                                                |   | Filed      herewith                                                                                                                                                        |   |
|   |   |                                                                                                                                                                                                      |   |                                                                                                                                                                       |   |
| 31.1   |   | Section      302 Certification made by the registrant’s Chief Executive      Officer                                                                                                                |   | Filed      herewith                                                                                                                                                        |   |
|   |   |                                                                                                                                                                                                      |   |                                                                                                                                                                       |   |
| 31.2   |   | Section      302 Certification made by the registrant’s Chief Financial      Officer                                                                                                                |   | Filed      herewith                                                                                                                                                        |   |
|   |   |                                                                                                                                                                                                      |   |                                                                                                                                                                       |   |
|   |   |                                                                                                                                                                                                      |   |                                                                                                                                                                       |   |

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|   |   |                                                                                       |   |                |   |
|--------|--------|--------------------------------------------------------------------------------------------|--------|---------------------|--------|
| Number |   | Description                                                                                |   | Method of Filing    |   |
|   |   |                                                                                       |   |                |   |
|   |   |                                                                                       |   |                |   |
| 32.1   |   | Section      906 Certification made by the registrant’s Chief Executive      Officer |   | Filed      herewith |   |
|   |   |                                                                                       |   |                |   |
| 32.2   |   | Section      906 Certification made by the registrant’s Chief Financial      Officer |   | Filed      herewith |   |

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