EXHIBIT
  12.1

CERTIFICATION
  PURSUANT TO SECTION 302
  OF THE SARBANES OXLEY ACT OF 2002

I, Henri de Castries, Chief Executive Officer of AXA, certify that:

|1. | I
      have reviewed this Annual Report on Form 20-F of AXA (the Registrant);                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
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|2. | Based
      on my knowledge, this report does not contain any untrue statement of a
      material fact or omit to state a
      material fact necessary in order to make the statements made, in light of
      the circumstances under which such statements were made, not misleading
      with respect to the periods covered by this report;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|3. | Based
      on my knowledge, the financial statements, and other financial information
      included in this report, fairly present in all material respects the financial
      condition, results of operations and cash flows of the Registrant as of,and
      for, the periods presented in this report;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
|4. | The Registrants
        other certifying officers and I are responsible for establishing and maintaining
        disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e)
        and 15d-15(e)) for the Registrant and we have:
      designed
          such disclosure controls and procedures, or caused such disclosure controls
          and procedures to bedesigned under our supervision, to ensure that material
          information relating to the Registrant, including its consolidatedsubsidiaries,
          is made known to us by others within those entities, particularly during
          the period in whichthis report is being prepared;
        evaluated
          the effectiveness of the Registrants disclosure controls and procedures
          and presented in this reportour conclusions about the effectiveness
          of the disclosure controls and procedures, as of the end of the periodcovered
          by this report, based on such evaluation; and
        disclosed
          in this report any change in the Registrants internal control
          over financial reporting that occurred duringthe period covered by this
          annual report that has materially affected, or is reasonably likely
          to materially affect, the Registrants internal control over financial
          reporting; and
|5. | The Registrants
        other certifying officers and I have disclosed, based on our most recent
        evaluation of internal control over financial reporting, to the Registrants
        auditors and to the audit committee of the Registrants board of
        directors (or persons performing the equivalent functions):
      all
          significant deficiencies and material weaknesses in the design or operation
          of internal control over financial reporting which are reasonably likely
          to adversely affect the Registrants ability to record, process,
          summarize and report financial information ; and
        any
          fraud, whether or not material, that involves management or other employees
          who have a significant role in the Registrants internal control
          over financial reporting.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      

| | /s/Henri
      de CastriesChief Executive Officer
      June 22, 2004
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