N-Q 1 dnq.htm EQ ADVISORS TRUST EQ Advisors Trust

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED

MANAGEMENT INVESTMENT COMPANY

Investment Company Act File Number 811-07953

EQ ADVISORS TRUST

(Exact name of registrant as specified in charter)

1290 Avenue of the Americas

New York, New York 10104

(Address of principal executive offices)

PATRICIA LOUIE, ESQ.

Vice President and Associate General Counsel

AXA Equitable Life Insurance Company

1290 Avenue of the Americas

New York, New York 10104

(Name and Address of Agent for Service)

Copies to:

CLIFFORD L. ALEXANDER, ESQ.

MARK C. AMOROSI, ESQ.

K&L Gates LLP

1601 K. Street, N.W.

Washington, D.C. 20006-1600

Telephone: (202) 778-9351

Registrant’s telephone number, including area code: (212) 554-1234

Date of fiscal year end: December 31

Date of reporting period: January 1, 2010 – March 31, 2010

Item 1. Schedule of Investments.

The following are schedules of investments of the registrant as of March 31, 2010. The schedules have not been audited.

EQ ADVISORS TRUST

ALL ASSET ALLOCATION PORTFOLIO

PORTFOLIO OF INVESTMENTS

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)		  

INVESTMENT COMPANIES:

      

EQ/AXA Franklin Small Cap Value Core Portfolio‡

      392,883    $ 3,523,393   

EQ/BlackRock Basic Value Equity Portfolio‡

      1,266,239      16,489,824   

EQ/BlackRock International Value Portfolio‡

      779,470      8,672,761   

EQ/Boston Advisors Equity Income Portfolio‡

      951,287      4,679,166   

EQ/Core Bond Index Portfolio‡

      775,804      7,400,721   

EQ/Davis New York Venture Portfolio‡

      1,094,796      10,009,708   

EQ/Equity Growth PLUS Portfolio‡

      251,195      3,425,023   

EQ/GAMCO Mergers & Acquisitions Portfolio‡

      725,741      8,689,664   

EQ/GAMCO Small Company Value Portfolio‡

      357,258      11,474,257   

EQ/Global Bond PLUS Portfolio‡

      1,530,006      14,978,254   

EQ/Global Multi-Sector Equity Portfolio‡

      1,087,531      12,694,159   

EQ/International Core PLUS Portfolio‡

      2,282,684      20,762,934   

EQ/Large Cap Core PLUS Portfolio‡

      1,867,909      13,601,464   

EQ/Large Cap Growth PLUS Portfolio‡

      890,014      13,937,001   

EQ/Large Cap Value PLUS Portfolio‡

      528,189      5,144,680   

EQ/Quality Bond PLUS Portfolio‡

      292,669      2,688,906   

EQ/Small Company Index Portfolio‡

      57,185      523,627   

iShares Barclays U.S. Treasury Inflation Protected Securities Fund

      102,700      10,671,557   

iShares Cohen & Steers Realty Majors Index Fund

      179,400      10,283,208   

iShares COMEX Gold Trust*

      117,790      12,842,644   

iShares Dow Jones U.S. Oil & Gas Exploration & Production Index Fund

      51,420      2,793,134   

iShares FTSE/Xinhua China 25 Index Fund

      69,200      2,913,320   

iShares JP Morgan USD Emerging Markets Bond Fund

      41,160      4,288,872   

iShares MSCI EAFE Small Cap Index Fund

      100,400      3,754,960   

iShares MSCI Emerging Markets Index Fund

      15,200      640,224   

iShares S&P Developed ex-U.S. Property Index Fund

      79,800      2,469,251   

iShares S&P Global Clean Energy Index Fund

      42,710      804,656   

iShares S&P Global Energy Sector Index Fund

      44,560      1,575,196   

iShares S&P Latin America 40 Index Fund

      24,600      1,187,442   

iShares S&P North American Natural Resources Sector Index Fund

      152,760      5,261,054   

iShares Silver Trust*

      190,350      3,262,599   

Multimanager Core Bond Portfolio‡

      773,621      8,047,171   

Multimanager International Equity Portfolio‡

      630,873    $ 6,771,925   

Multimanager Large Cap Core Equity Portfolio‡

      525,483      5,066,498   

Multimanager Large Cap Value Portfolio‡

      742,857      6,888,606   

Multimanager Mid Cap Growth Portfolio*‡

      239,572      1,891,814   

Multimanager Mid Cap Value Portfolio‡

      370,113      3,258,769   

Multimanager Small Cap Growth Portfolio*‡

      898,631      6,738,010   

Multimanager Small Cap Value Portfolio‡

      96,070      912,509   

SPDR Barclays Capital High Yield Bond ETF

      147,000      5,849,130   

SPDR S&P Emerging Asia Pacific ETF

      10,000      752,300   
           

Total Investment Companies (98.5%)
(Cost $273,899,291)

         267,620,391   
           
     Principal
Amount		    Value
(Note 1)		  

SHORT-TERM INVESTMENT:

      

Time Deposit (1.6%)

      

JPMorgan Chase Nassau

      

0.000%, 4/1/10

      

(Amortized Cost $4,390,739)

    $ 4,390,739      4,390,739   
           

Total Investments (100.1%)
(Cost/Amortized Cost $278,290,030)

         272,011,130   

Other Assets Less Liabilities (-0.1%)

         (167,477 ) 
           

Net Assets (100%)

       $ 271,843,653   
           

 

* Non-income producing.
‡ Affiliated company as defined under the Investment Company Act of 1940.

The holdings in affiliated Investment Companies are all Class A shares for AXA Premier VIP Trust Portfolios (Multimanager) and Class IA shares for EQ Advisors Trust Portfolios

 

See Notes to Portfolio of Investments.

1

EQ ADVISORS TRUST

ALL ASSET ALLOCATION PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

 

 

Investments in companies which were affiliates for the three months ended March 31, 2010, were as follows:

 

Securities

    Market Value
December 31, 2009		    Purchases
at Cost		    Sales
at Cost		    Market Value
March 31, 2010		    Dividend
Income		    Realized
Gain (Loss)		  

EQ/AXA Franklin Small Cap Value Core Portfolio

    $ 3,488,288    $ 18,077    $ 396,536    $ 3,523,393    $ —      $ (120,053 ) 

EQ/BlackRock Basic Value Equity Portfolio

      15,990,679      28,922      555,159      16,489,824      —        (112,786 ) 

EQ/BlackRock International Value Portfolio

      9,014,546      24,102      626,292      8,672,761      —        (257,648 ) 

EQ/Boston Advisors Equity Income Portfolio

      4,570,851      10,846      163,113      4,679,166      —        2,776   

EQ/Core Bond Index Portfolio

      7,281,715      —        —        7,400,721      —        —     

EQ/Davis New York Venture Portfolio

      8,603,700      1,530,127      368,971      10,009,708      —        91,834   

EQ/Equity Growth PLUS Portfolio

      3,284,189      —        —        3,425,023      —        —     

EQ/GAMCO Mergers & Acquisitions Portfolio

      8,782,982      21,692      377,191      8,689,664      —        (45,412 ) 

EQ/GAMCO Small Company Value Portfolio

      10,831,737      20,487      352,382      11,474,257      —        (39,035 ) 

EQ/Global Bond PLUS Portfolio

      15,185,587      28,922      453,636      14,978,254      —        (11,264 ) 

EQ/Global Multi-Sector Equity Portfolio

      12,715,245      26,512      659,254      12,694,159      —        (253,745 ) 

EQ/International Core PLUS Portfolio

      21,027,144      40,973      1,097,604      20,762,934      —        (470,910 ) 

EQ/Large Cap Core PLUS Portfolio

      13,201,324      24,102      271,107      13,601,464      —        97,536   

EQ/Large Cap Growth PLUS Portfolio

      13,688,521      26,512      398,663      13,937,001      —        6,845   

EQ/Large Cap Value PLUS Portfolio

      6,404,805      12,051      1,597,509      5,144,680      —        86,813   

EQ/Quality Bond PLUS Portfolio

      3,385,935      53,024      821,496      2,688,906      —        (10,480 ) 

EQ/Small Company Index Portfolio

      499,054      1,205      13,448      523,627      —        4,984   

Multimanager Core Bond Portfolio

      8,302,902      91,743      430,374      8,047,171      62,821      11,998   

Multimanager International Equity Portfolio

      7,055,588      24,102      342,639      6,771,925      —        26,004   

Multimanager Large Cap Core Equity Portfolio

      4,939,876      9,641      174,210      5,066,498      —        (26,752 ) 

Multimanager Large Cap Value Portfolio

      6,731,119      18,077      364,660      6,888,606      —        (88,177 ) 

Multimanager Mid Cap Growth Portfolio

      1,808,650      4,820      104,476      1,891,814      —        (30,747 ) 

Multimanager Mid Cap Value Portfolio

      3,139,417      9,641      195,486      3,258,769      —        (48,028 ) 

Multimanager Small Cap Growth Portfolio

      6,500,040      18,077      303,509      6,738,010      —        (27,026 ) 

Multimanager Small Cap Value Portfolio

      850,245      1,205      22,783      912,509      —        (4,351 ) 
                                           
   $ 197,284,139    $ 2,044,860    $ 10,090,498    $ 198,270,844    $ 62,821    $ (1,217,624 ) 
                                           

 

See Notes to Portfolio of Investments.

2

EQ ADVISORS TRUST

ALL ASSET ALLOCATION PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

The following is a summary of the inputs used to value the Portfolio’s assets and liabilities carried at fair value as of March 31, 2010:

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, money market securities are valued using amortized cost, in accordance with rules under the Investment Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active market, such securities are reflected as Level 2.

Various inputs are used in determining the value of the Portfolio’s investments. These inputs are summarized in the three broad levels listed below:

 

Investment Type

    Level 1
Quoted prices in active
markets for identical
securities		    Level 2
Significant other
observable inputs
(including quoted prices
for similar securities,
interest rates,
prepayment speeds,
credit risk, etc.)		    Level 3
Significant unobservable
inputs (including the
Portfolio’s own
assumptions in
determining the fair
value of investments)		    Total

Assets:

            

Investment Companies

            

Exchange Traded Funds (ETFs)

    $ 69,349,547    $ —      $ —      $ 69,349,547

Investment Companies

      —        198,270,844      —        198,270,844

Short-Term Investments

      —        4,390,739      —        4,390,739
                           

Total Assets

    $ 69,349,547    $ 202,661,583    $ —      $ 272,011,130
                           

Total Liabilities

    $ —      $ —      $ —      $ —  
                           

Total

    $ 69,349,547    $ 202,661,583    $ —      $ 272,011,130
                           

Investment security transactions for the three months ended March 31, 2010 were as follows:

 

Cost of Purchases:

   

Investment Companies

    $ 7,136,520

Net Proceeds of Sales and Redemptions:

   

Investment Companies

    $ 14,213,898

As of March 31, 2010, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investments for Federal income tax purposes was as follows:

 

Aggregate gross unrealized appreciation

    $ 19,192,781   

Aggregate gross unrealized depreciation

      (26,395,908 ) 
        

Net unrealized depreciation

    $ (7,203,127 ) 
        

Federal income tax cost of investments

    $ 279,214,257   
        

 

See Notes to Portfolio of Investments.

3

EQ ADVISORS TRUST

AXA CONSERVATIVE STRATEGY PORTFOLIO

PORTFOLIO OF INVESTMENTS

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

INVESTMENT COMPANIES:

      

AXA Tactical Manager 2000 Portfolio-I‡

    168,431    $ 2,332,742

AXA Tactical Manager 400 Portfolio-I*‡

    34,578      484,102

AXA Tactical Manager 500 Portfolio-I‡

    585,877      7,709,860

AXA Tactical Manager International Portfolio-I‡

    156,208      1,922,029

EQ/Core Bond Index Portfolio‡

    4,139,783      39,491,135

EQ/Intermediate Government Bond Index Portfolio‡

    714,134      6,922,082
         

Total Investments (99.5%)
(Cost $58,142,715)

         58,861,950

Other Assets Less Liabilities (0.5%)

         324,829
         

Net Assets (100%)

       $ 59,186,779
         

 

* Non-income producing.
‡ Affiliated company as defined under the Investment Company Act of 1940.

The holdings in affiliated Investment Companies are all Class IA shares for EQ Advisors Trust Portfolios.

 

 

Investments in companies which were affiliates for the three months ended March 31, 2010, were as follows:

 

Securities

    Market Value
December 31, 2009		    Purchases
at Cost		    Sales
at Cost		    Market Value
March 31, 2010		    Dividend
Income		    Realized
Gain (Loss)

AXA Tactical Manager 2000 Portfolio-I

    $ 1,102,458    $ 1,081,955    $ 11,096    $ 2,332,742    $ —      $ 2,096

AXA Tactical Manager 400 Portfolio-I

      266,016      186,143      1,807      484,102      —        391

AXA Tactical Manager 500 Portfolio-I

      4,448,661      2,933,697      29,631      7,709,860      —        4,816

AXA Tactical Manager International Portfolio-I

      1,103,498      806,621      8,850      1,922,029      —        678

EQ/Core Bond Index Portfolio

      22,460,805      16,832,394      194,022      39,491,135      —        4,599

EQ/Intermediate Government Bond Index Portfolio

      3,942,089      2,978,292      34,930      6,922,082      —        251
                                         
   $ 33,323,527    $ 24,819,102    $ 280,336    $ 58,861,950    $ —      $ 12,831
                                         

 

See Notes to Portfolio of Investments.

4

EQ ADVISORS TRUST

AXA CONSERVATIVE STRATEGY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

The following is a summary of the inputs used to value the Portfolio’s assets and liabilities carried at fair value as of March 31, 2010:

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, money market securities are valued using amortized cost, in accordance with rules under the Investment Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active market, such securities are reflected as Level 2.

Various inputs are used in determining the value of the Portfolio’s investments. These inputs are summarized in the three broad levels listed below:

 

Investment Type

    Level 1
Quoted prices in active
markets for identical
securities		    Level 2
Significant other
observable inputs
(including quoted prices
for similar securities,
interest rates,
prepayment speeds,
credit risk, etc.)		    Level 3
Significant unobservable
inputs (including the
Portfolio’s own
assumptions in
determining the fair
value of investments)		    Total

Assets:

            

Investment Companies

            

Investment Companies

    $ —      $ 58,861,950    $ —      $ 58,861,950
                           

Total Assets

    $ —      $ 58,861,950    $ —      $ 58,861,950
                           

Total Liabilities

    $ —      $ —      $ —      $ —  
                           

Total

    $ —      $ 58,861,950    $ —      $ 58,861,950
                           

Investment security transactions for the three months ended March 31, 2010 were as follows:

 

Cost of Purchases:

   

Investment Companies

    $ 24,819,102

Net Proceeds of Sales and Redemptions:

   

Investment Companies

    $ 293,167

As of March 31, 2010, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investments for Federal income tax purposes was as follows:

 

Aggregate gross unrealized appreciation

    $ 815,811   

Aggregate gross unrealized depreciation

      (96,576 ) 
        

Net unrealized appreciation

    $ 719,235   
        

Federal income tax cost of investments

    $ 58,142,715   
        

 

See Notes to Portfolio of Investments.

5

EQ ADVISORS TRUST

AXA CONSERVATIVE GROWTH STRATEGY PORTFOLIO

PORTFOLIO OF INVESTMENTS

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

INVESTMENT COMPANIES:

      

AXA Tactical Manager 2000 Portfolio-I‡

    532,827    $ 7,379,587

AXA Tactical Manager 400 Portfolio-I*‡

    125,734      1,760,314

AXA Tactical Manager 500 Portfolio-I‡

    2,021,569      26,602,876

AXA Tactical Manager International Portfolio-I‡

    531,656      6,541,647

EQ/Core Bond Index Portfolio‡

    5,281,765      50,384,984

EQ/Intermediate Government Bond Index Portfolio‡

    911,682      8,836,905
         

Total Investments (99.1%)
(Cost $98,898,175)

         101,506,313

Other Assets Less Liabilities (0.9%)

         877,012
         

Net Assets (100%)

       $ 102,383,325
         

 

* Non-income producing.
‡ Affiliated company as defined under the Investment Company Act of 1940.

The holdings in affiliated Investment Companies are all Class IA shares for EQ Advisors Trust Portfolios.

 

 

Investments in companies which were affiliates for the three months ended March 31, 2010, were as follows:

 

Securities

    Market Value
December 31, 2009		    Purchases
at Cost		    Sales
at Cost		    Market Value
March 31, 2010		    Dividend
Income		    Realized
Gain (Loss)

AXA Tactical Manager 2000 Portfolio-I

    $ 3,167,799    $ 3,713,623    $ —      $ 7,379,587    $ —      $ —  

AXA Tactical Manager 400 Portfolio-I

      968,384      668,642      —        1,760,314      —        —  

AXA Tactical Manager 500 Portfolio-I

      14,756,651      10,624,509      —        26,602,876      —        —  

AXA Tactical Manager International Portfolio-I

      3,576,158      2,897,449      —        6,541,647      —        —  

EQ/Core Bond Index Portfolio

      27,237,062      22,660,069      —        50,384,984      —        —  

EQ/Intermediate Government Bond Index Portfolio

      4,779,761      4,011,853      —        8,836,905      —        —  
                                         
   $ 54,485,815    $ 44,576,145    $ —      $ 101,506,313    $ —      $ —  
                                         

 

See Notes to Portfolio of Investments.

6

EQ ADVISORS TRUST

AXA CONSERVATIVE GROWTH STRATEGY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

The following is a summary of the inputs used to value the Portfolio’s assets and liabilities carried at fair value as of March 31, 2010:

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, money market securities are valued using amortized cost, in accordance with rules under the Investment Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active market, such securities are reflected as Level 2.

Various inputs are used in determining the value of the Portfolio’s investments. These inputs are summarized in the three broad levels listed below:

 

Investment Type

    Level 1
Quoted prices in active
markets for identical
securities		    Level 2
Significant other
observable inputs
(including quoted prices
for similar securities,
interest rates,
prepayment speeds,
credit risk, etc.)		    Level 3
Significant unobservable
inputs (including the
Portfolio’s own
assumptions in
determining the fair
value of investments)		    Total

Assets:

            

Investment Companies

            

Investment Companies

    $ —      $ 101,506,313    $ —      $ 101,506,313
                           

Total Assets

    $ —      $ 101,506,313    $ —      $ 101,506,313
                           

Total Liabilities

    $ —      $ —      $ —      $ —  
                           

Total

    $ —      $ 101,506,313    $ —      $ 101,506,313
                           

Investment security transactions for the three months ended March 31, 2010 were as follows:

 

Cost of Purchases:

   

Investment Companies

    $ 44,576,145

Net Proceeds of Sales and Redemptions:

   

Investment Companies

    $ —  

As of March 31, 2010, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investments for Federal income tax purposes was as follows:

 

Aggregate gross unrealized appreciation

    $ 2,771,384   

Aggregate gross unrealized depreciation

      (163,246 ) 
        

Net unrealized appreciation

    $ 2,608,138   
        

Federal income tax cost of investments

    $ 98,898,175   
        

 

See Notes to Portfolio of Investments.

7

EQ ADVISORS TRUST

AXA BALANCED STRATEGY PORTFOLIO

PORTFOLIO OF INVESTMENTS

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

INVESTMENT COMPANIES:

      

AXA Tactical Manager 2000 Portfolio-I‡

    1,195,342    $ 16,555,342

AXA Tactical Manager 400 Portfolio-I*‡

    226,513      3,171,263

AXA Tactical Manager 500 Portfolio-I‡

    4,227,855      55,636,546

AXA Tactical Manager International Portfolio-I‡

    1,142,079      14,052,459

EQ/Core Bond Index Portfolio‡

    7,454,248      71,109,209

EQ/Intermediate Government Bond Index Portfolio‡

    1,286,691      12,471,851
         

Total Investments (99.4%)
(Cost $167,356,498)

         172,996,670

Other Assets Less Liabilities (0.6%)

         1,024,251
         

Net Assets (100%)

       $ 174,020,921
         

 

* Non-income producing.
‡ Affiliated company as defined under the Investment Company Act of 1940.

The holdings in affiliated Investment Companies are all Class IA shares for EQ Advisors Trust Portfolios.

 

 

Investments in companies which were affiliates for the three months ended March 31, 2010, were as follows:

 

Securities

    Market Value
December 31, 2009		    Purchases
at Cost		    Sales
at Cost		    Market Value
March 31, 2010		    Dividend
Income		    Realized
Gain (Loss)

AXA Tactical Manager 2000 Portfolio-I

    $ 7,926,386    $ 7,547,536    $ —      $ 16,555,342    $ —      $ —  

AXA Tactical Manager 400 Portfolio-I

      1,903,262      1,048,597      —        3,171,263      —        —  

AXA Tactical Manager 500 Portfolio-I

      32,436,758      20,717,196      —        55,636,546      —        —  

AXA Tactical Manager International Portfolio-I

      8,156,495      5,767,285      —        14,052,459      —        —  

EQ/Core Bond Index Portfolio

      40,813,383      29,582,880      —        71,109,209      —        —  

EQ/Intermediate Government Bond Index Portfolio

      7,161,356      5,242,986      —        12,471,851      —        —  
                                         
   $ 98,397,640    $ 69,906,480    $ —      $ 172,996,670    $ —      $ —  
                                         

 

See Notes to Portfolio of Investments.

8

EQ ADVISORS TRUST

AXA BALANCED STRATEGY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

The following is a summary of the inputs used to value the Portfolio’s assets and liabilities carried at fair value as of March 31, 2010:

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, money market securities are valued using amortized cost, in accordance with rules under the Investment Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active market, such securities are reflected as Level 2.

Various inputs are used in determining the value of the Portfolio’s investments. These inputs are summarized in the three broad levels listed below:

 

Investment Type

    Level 1
Quoted prices in active
markets for identical
securities		    Level 2
Significant other
observable inputs
(including quoted prices
for similar securities,
interest rates,
prepayment speeds,
credit risk, etc.)		    Level 3
Significant unobservable
inputs (including the
Portfolio’s own
assumptions in
determining the fair
value of investments)		    Total

Assets:

            

Investment Companies

            

Investment Companies

    $ —      $ 172,996,670    $ —      $ 172,996,670
                           

Total Assets

    $ —      $ 172,996,670    $ —      $ 172,996,670
                           

Total Liabilities

    $ —      $ —      $ —      $ —  
                           

Total

    $ —      $ 172,996,670    $ —      $ 172,996,670
                           

Investment security transactions for the three months ended March 31, 2010 were as follows:

 

Cost of Purchases:

   

Investment Companies

    $ 69,906,480

Net Proceeds of Sales and Redemptions:

   

Investment Companies

    $ —  

As of March 31, 2010, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investments for Federal income tax purposes was as follows:

 

Aggregate gross unrealized appreciation

    $ 5,826,044   

Aggregate gross unrealized depreciation

      (185,872 ) 
        

Net unrealized appreciation

    $ 5,640,172   
        

Federal income tax cost of investments

    $ 167,356,498   
        

 

See Notes to Portfolio of Investments.

9

EQ ADVISORS TRUST

AXA MODERATE GROWTH STRATEGY PORTFOLIO

PORTFOLIO OF INVESTMENTS

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

INVESTMENT COMPANIES:

      

AXA Tactical Manager 2000 Portfolio-I‡

    3,347,207    $ 46,358,412

AXA Tactical Manager 400 Portfolio-I*‡

    592,866      8,300,332

AXA Tactical Manager 500 Portfolio-I‡

    11,597,530      152,617,928

AXA Tactical Manager International Portfolio-I‡

    3,081,827      37,919,641

EQ/Core Bond Index Portfolio‡

    13,583,617      129,579,848

EQ/Intermediate Government Bond Index Portfolio‡

    2,352,338      22,801,137
         

Total Investments (99.1%)
(Cost $382,158,896)

         397,577,298

Other Assets Less Liabilities (0.9%)

         3,418,174
         

Net Assets (100%)

       $ 400,995,472
         

 

* Non-income producing.
‡ Affiliated company as defined under the Investment Company Act of 1940.

The holdings in affiliated Investment Companies are all Class IA shares for EQ Advisors Trust Portfolios.

 

 

Investments in companies which were affiliates for the three months ended March 31, 2010, were as follows:

 

Securities

    Market Value
December 31, 2009		    Purchases
at Cost		    Sales
at Cost		    Market Value
March 31, 2010		    Dividend
Income		    Realized
Gain (Loss)

AXA Tactical Manager 2000 Portfolio-I

    $ 21,087,417    $ 22,261,226    $ —      $ 46,358,412    $ —      $ —  

AXA Tactical Manager 400 Portfolio-I

      4,785,391      2,945,253      —        8,300,332      —        —  

AXA Tactical Manager 500 Portfolio-I

      85,850,301      59,976,198      —        152,617,928      —        —  

AXA Tactical Manager International Portfolio-I

      21,149,227      16,409,264      —        37,919,641      —        —  

EQ/Core Bond Index Portfolio

      71,721,759      56,610,195      —        129,579,848      —        —  

EQ/Intermediate Government Bond Index Portfolio

      12,585,858      10,098,009      —        22,801,137      —        —  
                                         
   $ 217,179,953    $ 168,300,145    $ —      $ 397,577,298    $ —      $ —  
                                         

 

See Notes to Portfolio of Investments.

10

EQ ADVISORS TRUST

AXA MODERATE GROWTH STRATEGY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

The following is a summary of the inputs used to value the Portfolio’s assets and liabilities carried at fair value as of March 31, 2010:

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, money market securities are valued using amortized cost, in accordance with rules under the Investment Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active market, such securities are reflected as Level 2.

Various inputs are used in determining the value of the Portfolio’s investments. These inputs are summarized in the three broad levels listed below:

 

Investment Type

    Level 1
Quoted prices in active
markets for identical
securities		    Level 2
Significant other
observable inputs
(including quoted prices
for similar securities,
interest rates,
prepayment speeds,
credit risk, etc.)		    Level 3
Significant unobservable
inputs (including the
Portfolio’s own
assumptions in
determining the fair
value of investments)		    Total

Assets:

            

Investment Companies

            

Investment Companies

    $ —      $ 397,577,298    $ —      $ 397,577,298
                           

Total Assets

    $ —      $ 397,577,298    $ —      $ 397,577,298
                           

Total Liabilities

    $ —      $ —      $ —      $ —  
                           

Total

    $ —      $ 397,577,298    $ —      $ 397,577,298
                           

Investment security transactions for the three months ended March 31, 2010 were as follows:

 

Cost of Purchases:

   

Investment Companies

    $ 168,300,145

Net Proceeds of Sales and Redemptions:

   

Investment Companies

    $ —  

As of March 31, 2010, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investments for Federal income tax purposes was as follows:

 

Aggregate gross unrealized appreciation

    $ 15,764,838   

Aggregate gross unrealized depreciation

      (346,436 ) 
        

Net unrealized appreciation

    $ 15,418,402   
        

Federal income tax cost of investments

    $ 382,158,896   
        

 

See Notes to Portfolio of Investments.

11

EQ ADVISORS TRUST

AXA GROWTH STRATEGY PORTFOLIO

PORTFOLIO OF INVESTMENTS

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

INVESTMENT COMPANIES:

      

AXA Tactical Manager 2000 Portfolio-I‡

    3,021,391    $ 41,845,900

AXA Tactical Manager 400 Portfolio-I*‡

    558,977      7,825,871

AXA Tactical Manager 500 Portfolio-I‡

    11,029,809      145,146,994

AXA Tactical Manager International Portfolio-I‡

    2,920,562      35,935,399

EQ/Core Bond Index Portfolio‡

    8,201,972      78,242,069

EQ/Intermediate Government Bond Index Portfolio‡

    1,419,755      13,761,637
         

Total Investments (99.3%)
(Cost $307,269,294)

         322,757,870

Other Assets Less Liabilities (0.7%)

         2,137,237
         

Net Assets (100%)

       $ 324,895,107
         

 

* Non-income producing.
‡ Affiliated company as defined under the Investment Company Act of 1940.

The holdings in affiliated Investment Companies are all Class IA shares for EQ Advisors Trust Portfolios.

 

 

Investments in companies which were affiliates for the three months ended March 31, 2010, were as follows:

 

Securities

    Market Value
December 31, 2009		    Purchases
at Cost		    Sales
at Cost		    Market Value
March 31, 2010		    Dividend
Income		    Realized
Gain (Loss)

AXA Tactical Manager 2000 Portfolio-I

    $ 21,677,374    $ 17,257,150    $ —      $ 41,845,900    $ —      $ —  

AXA Tactical Manager 400 Portfolio-I

      5,140,510      2,112,190      —        7,825,871      —        —  

AXA Tactical Manager 500 Portfolio-I

      90,051,022      48,354,096      —        145,146,994      —        —  

AXA Tactical Manager International Portfolio-I

      22,393,014      13,238,399      —        35,935,399      —        —  

EQ/Core Bond Index Portfolio

      48,418,868      28,974,430      —        78,242,069      —        —  

EQ/Intermediate Government Bond Index Portfolio

      8,499,226      5,180,243      —        13,761,637      —        —  
                                         
   $ 196,180,014    $ 115,116,508    $ —      $ 322,757,870    $ —      $ —  
                                         

 

See Notes to Portfolio of Investments.

12

EQ ADVISORS TRUST

AXA GROWTH STRATEGY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

The following is a summary of the inputs used to value the Portfolio’s assets and liabilities carried at fair value as of March 31, 2010:

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, money market securities are valued using amortized cost, in accordance with rules under the Investment Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active market, such securities are reflected as Level 2.

Various inputs are used in determining the value of the Portfolio’s investments. These inputs are summarized in the three broad levels listed below:

 

Investment Type

    Level 1
Quoted prices in active
markets for identical
securities		    Level 2
Significant other
observable inputs
(including quoted prices
for similar securities,
interest rates,
prepayment speeds,
credit risk, etc.)		    Level 3
Significant unobservable
inputs (including the
Portfolio’s own
assumptions in
determining the fair
value of investments)		    Total

Assets:

            

Investment Companies

            

Investment Companies

    $ —      $ 322,757,870    $ —      $ 322,757,870
                           

Total Assets

    $ —      $ 322,757,870    $ —      $ 322,757,870
                           

Total Liabilities

    $ —      $ —      $ —      $ —  
                           

Total

    $ —      $ 322,757,870    $ —      $ 322,757,870
                           

Investment security transactions for the three months ended March 31, 2010 were as follows:

 

Cost of Purchases:

   

Investment Companies

    $ 115,116,508

Net Proceeds of Sales and Redemptions:

   

Investment Companies

    $ —  

As of March 31, 2010, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investments for Federal income tax purposes was as follows:

 

Aggregate gross unrealized appreciation

    $ 15,759,529   

Aggregate gross unrealized depreciation

      (270,953 ) 
        

Net unrealized appreciation

    $ 15,488,576   
        

Federal income tax cost of investments

    $ 307,269,294   
        

 

See Notes to Portfolio of Investments.

13

EQ ADVISORS TRUST

EQ/FRANKLIN TEMPLETON ALLOCATION PORTFOLIO

PORTFOLIO OF INVESTMENTS

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)		  

INVESTMENT COMPANIES:

      

EQ/Franklin Core Balanced Portfolio‡

      57,736,389    $ 475,310,622   

EQ/Mutual Large Cap Equity Portfolio‡

      57,015,318      481,371,114   

EQ/Templeton Global Equity Portfolio‡

      56,419,546      468,473,902   
           

Total Investment Companies (100.1%)
(Cost $1,600,564,592)

         1,425,155,638   
           
     Principal
Amount		    Value
(Note 1)		  

SHORT-TERM INVESTMENT:

      

Time Deposit (0.0%)

      

JPMorgan Chase Nassau

      

0.000%, 4/1/10

      

(Amortized Cost $96,886)

    $ 96,886      96,886   
           

Total Investments (100.1%)
(Cost/Amortized Cost $1,600,661,478)

         1,425,252,524   

Other Assets Less Liabilities (-0.1%)

         (1,023,238 ) 
           

Net Assets (100%)

       $ 1,424,229,286   
           

 

‡ Affiliated company as defined under the Investment Company Act of 1940.

The holdings in Investment Companies are all Class IA shares for EQ Advisors Trust Portfolios.

Investments in companies which were affiliates for the three months ended March 31, 2010, were as follows:

 

Securities

    Market Value
December 31, 2009		    Purchases
at Cost		    Sales
at Cost		    Market Value
March 31, 2010 		   Dividend
Income		    Realized
Gain (Loss)		  

EQ/Franklin Core Balanced Portfolio

    $ 463,491,009    $ 2,458,966    $ 10,390,771    $ 475,310,622    $ —      $ (2,693,928 ) 

EQ/Mutual Large Cap Equity Portfolio

      462,875,838      2,458,966      11,331,235      481,371,114      —        (3,634,393 ) 

EQ/Templeton Global Equity Portfolio

      462,984,290      2,459,039      11,452,973      468,473,902      —        (3,755,899 ) 
                                           
   $ 1,389,351,137    $ 7,376,971    $ 33,174,979    $ 1,425,155,638    $ —      $ (10,084,220 ) 
                                           

The following is a summary of the inputs used to value the Portfolio’s assets and liabilities carried at fair value as of March 31, 2010:

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, money market securities are valued using amortized cost, in accordance with rules under the Investment Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active market, such securities are reflected as Level 2.

Various inputs are used in determining the value of the Portfolio’s investments. These inputs are summarized in the three broad levels listed below:

 

Investment Type

    Level 1
Quoted prices in
active markets  for
identical
securities		    Level 2
Significant other
observable inputs
(including quoted prices
for similar securities,
interest rates,
prepayment speeds,
credit risk, etc.)		    Level 3
Significant unobservable
inputs (including the
Portfolio’s own
assumptions in
determining the fair
value of investments)		    Total

Assets:

            

Investment Companies

            

Investment Companies

    $ —      $ 1,425,155,638    $ —      $ 1,425,155,638

Short-Term Investments

      —        96,886      —        96,886
                           

Total Assets

    $ —      $ 1,425,252,524    $ —      $ 1,425,252,524
                           

Total Liabilities

    $ —      $ —      $ —      $ —  
                           

Total

    $ —      $ 1,425,252,524    $ —      $ 1,425,252,524
                           

 

See Notes to Portfolio of Investments.

14

EQ ADVISORS TRUST

EQ/FRANKLIN TEMPLETON ALLOCATION PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

Investment security transactions for the three months ended March 31, 2010 were as follows:

 

Cost of Purchases:

   

Investment Companies

    $ 7,376,971

Net Proceeds of Sales and Redemptions:

   

Investment Companies

    $ 23,090,759

As of March 31, 2010, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investments for Federal income tax purposes was as follows:

 

Aggregate gross unrealized appreciation

    $ —     

Aggregate gross unrealized depreciation

      (175,408,954 ) 
        

Net unrealized depreciation

    $ (175,408,954 ) 
        

Federal income tax cost of investments

    $ 1,600,661,478   
        

 

See Notes to Portfolio of Investments.

15

EQ ADVISORS TRUST

EQ/INTERNATIONAL ETF PORTFOLIO

PORTFOLIO OF INVESTMENTS

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

INVESTMENT COMPANIES:

      

iShares MSCI Australia Index Fund

      207,918    $ 4,983,794

iShares MSCI Austria Investable Market Index Fund

      7,741      152,885

iShares MSCI Belgium Investable Market Index Fund

      29,239      380,692

iShares MSCI EAFE Growth Index Fund

      229,309      12,988,062

iShares MSCI EAFE Index Fund

     2,914,441      163,208,696

iShares MSCI EAFE Value Index Fund

      250,710      12,698,461

iShares MSCI France Index Fund

     244,306      6,122,308

iShares MSCI Germany Index Fund

      241,823      5,291,087

iShares MSCI Hong Kong Index Fund

      74,164      1,208,132

iShares MSCI Italy Index Fund

      75,680      1,380,403

iShares MSCI Japan Index Fund

      2,550,932      26,631,730

iShares MSCI Netherlands Investable Market Index Fund

     66,764      1,361,986

iShares MSCI Pacific ex-Japan Index Fund

      264,356      11,364,664

iShares MSCI Singapore Index Fund

      108,214      1,244,461

iShares MSCI Spain Index Fund

      52,132      2,202,056

iShares MSCI Sweden Index Fund

      79,284      2,013,021

iShares MSCI Switzerland Index Fund

      224,933      5,204,950

iShares MSCI United Kingdom Index Fund

      870,800      14,150,500

iShares S&P Europe 350 Index Fund

      1,041,734      39,940,082

SPDR DJ EURO Stoxx 50 Fund

      60,160      2,340,224
         

Total Investment Companies (99.6%)
(Cost $225,973,449)

         314,868,194
         
     Principal
Amount		    Value
(Note 1)

SHORT-TERM INVESTMENT:

      

Time Deposit (0.4%)

      

JPMorgan Chase Nassau

      

0.000%, 4/1/10

      

(Amortized Cost $1,353,874)

    $ 1,353,874      1,353,874
         

Total Investments (100.0%)
(Cost/Amortized Cost $227,327,323)

         316,222,068

Other Assets Less Liabilities (0.0%)

         72,598
         

Net Assets (100%)

       $ 316,294,666
         

 

See Notes to Portfolio of Investments.

16

EQ ADVISORS TRUST

EQ/INTERNATIONAL ETF PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

The following is a summary of the inputs used to value the Portfolio’s assets and liabilities carried at fair value as of March 31, 2010:

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, money market securities are valued using amortized cost, in accordance with rules under the Investment Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active market, such securities are reflected as Level 2.

Various inputs are used in determining the value of the Portfolio’s investments. These inputs are summarized in the three broad levels listed below:

 

Investment Type

    Level 1
Quoted prices in
active markets  for
identical
securities		    Level 2
Significant other
observable  inputs
(including quoted prices
for similar securities,
interest rates,
prepayment speeds,
credit risk, etc.)		    Level 3
Significant unobservable
inputs (including the
Portfolio’s own
assumptions in
determining the fair
value of investments)		    Total

Assets:

            

Investment Companies

            

Exchange Traded Funds (ETFs)

    $ 314,868,194    $ —      $ —      $ 314,868,194

Short-Term Investments

      —        1,353,874      —        1,353,874
                           

Total Assets

    $ 314,868,194    $ 1,353,874    $ —      $ 316,222,068
                           

Total Liabilities

    $ —      $ —      $ —      $ –
                           

Total

    $ 314,868,194    $ 1,353,874    $ —      $ 316,222,068
                           

Investment security transactions for the three months ended March 31, 2010 were as follows:

 

Cost of Purchases:

   

Investment Companies

    $ 1,835,157

Net Proceeds of Sales and Redemptions:

   

Investment Companies

    $ 2,825,493

As of March 31, 2010, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investments for Federal income tax purposes was as follows:

 

Aggregate gross unrealized appreciation

    $ 88,894,745

Aggregate gross unrealized depreciation

      —  
      

Net unrealized appreciation

    $ 88,894,745
      

Federal income tax cost of investments

    $ 227,327,323
      

 

See Notes to Portfolio of Investments.

17

EQ ADVISORS TRUST

AXA TACTICAL MANAGER 500 PORTFOLIO-I

PORTFOLIO OF INVESTMENTS

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

COMMON STOCKS:

      

Consumer Discretionary (7.4%)

      

Auto Components (0.2%)

      

Goodyear Tire & Rubber Co.*

    6,266    $ 79,202

Johnson Controls, Inc.

    17,840      588,542
         
        667,744
         

Automobiles (0.3%)

      

Ford Motor Co.*

    91,184      1,146,183

Harley-Davidson, Inc.

    6,032      169,318
         
        1,315,501
         

Distributors (0.0%)

      

Genuine Parts Co.

    3,938      166,341
         

Diversified Consumer Services (0.1%)

      

Apollo Group, Inc., Class A*

    3,648      223,586

DeVry, Inc.

    1,846      120,359

H&R Block, Inc.

    8,567      152,493
         
        496,438
         

Hotels, Restaurants & Leisure (1.1%)

      

Carnival Corp.

    11,448      445,098

Darden Restaurants, Inc.

    4,079      181,679

International Game Technology

    8,573      158,172

Marriott International, Inc., Class A

   7,352      231,735

McDonald’s Corp.

    29,127      1,943,353

Starbucks Corp.*

    20,620      500,447

Starwood Hotels & Resorts Worldwide, Inc.

    5,293      246,866

Wyndham Worldwide Corp.

    4,476      115,167

Wynn Resorts Ltd.

    1,748      132,551

Yum! Brands, Inc.

    12,324      472,379
         
        4,427,447
         

Household Durables (0.3%)

      

D.R. Horton, Inc.

    8,176      103,018

Fortune Brands, Inc.

    3,888      188,607

Harman International Industries, Inc.*

    1,681      78,637

Leggett & Platt, Inc.

    3,458      74,831

Lennar Corp., Class A

    4,936      84,949

Newell Rubbermaid, Inc.

    8,146      123,819

Pulte Group, Inc.*

    9,383      105,559

Stanley Black & Decker, Inc.

    4,075      233,946

Whirlpool Corp.

    2,142      186,889
         
        1,180,255
         

Internet & Catalog Retail (0.4%)

      

Amazon.com, Inc.*

    9,265      1,257,538

Expedia, Inc.

    6,111      152,531

priceline.com, Inc.*

    1,243      316,965
         
        1,727,034
         

Leisure Equipment & Products (0.1%)

      

Eastman Kodak Co.*

    7,776      45,023

Hasbro, Inc.

    3,647      139,607

Mattel, Inc.

    10,374      235,905
         
        420,535
         

Media (2.2%)

      

CBS Corp., Class B

    18,966      264,386

Comcast Corp., Class A

    77,318      1,455,125

DIRECTV, Class A*

    24,943      843,323

Discovery Communications, Inc., Class A*

    7,646      258,358

Gannett Co., Inc.

    6,232      102,953

Interpublic Group of Cos., Inc.*

    12,138      100,988

McGraw-Hill Cos., Inc.

    8,273      294,932

Meredith Corp.

    875      30,109

New York Times Co., Class A*

    2,375      26,434

News Corp., Class A

    60,222    $ 867,799

Omnicom Group, Inc.

    8,737      339,083

Scripps Networks Interactive, Inc., Class A

    2,181      96,727

Time Warner Cable, Inc.

    9,389      500,528

Time Warner, Inc.

    31,072      971,621

Viacom, Inc., Class B*

    16,030      551,111

Walt Disney Co.

    52,506      1,832,985

Washington Post Co., Class B

    134      59,520
         
        8,595,982
         

Multiline Retail (0.7%)

      

Big Lots, Inc.*

    2,072      75,462

Family Dollar Stores, Inc.

    4,055      148,454

J.C. Penney Co., Inc.

    6,698      215,475

Kohl’s Corp.*

    8,548      468,259

Macy’s, Inc.

    11,807      257,038

Nordstrom, Inc.

    4,244      173,367

Sears Holdings Corp.*

    1,402      152,019

Target Corp.

    20,121      1,058,365
         
        2,548,439
         

Specialty Retail (1.6%)

      

Abercrombie & Fitch Co., Class A

    2,578      117,660

AutoNation, Inc.*

    2,316      41,873

AutoZone, Inc.*

    890      154,050

Bed Bath & Beyond, Inc.*

    7,390      323,387

Best Buy Co., Inc.

    9,544      406,002

GameStop Corp., Class A*

    4,875      106,811

Gap, Inc.

    13,384      309,304

Home Depot, Inc.

    46,032      1,489,135

Limited Brands, Inc.

    7,610      187,358

Lowe’s Cos., Inc.

    39,599      959,880

Office Depot, Inc.*

    6,362      50,769

O’Reilly Automotive, Inc.*

    4,038      168,425

RadioShack Corp.

    3,784      85,632

Ross Stores, Inc.

    3,569      190,835

Sherwin-Williams Co.

    2,710      183,413

Staples, Inc.

    20,308      475,004

Tiffany & Co.

    3,608      171,344

TJX Cos., Inc.

    11,645      495,145

Urban Outfitters, Inc.*

    3,771      143,411
         
        6,059,438
         

Textiles, Apparel & Luxury Goods (0.4%)

      

Coach, Inc.

    8,678      342,955

NIKE, Inc., Class B

    10,358      761,313

Polo Ralph Lauren Corp.

    1,677      142,612

VF Corp.

    2,210      177,131
         
        1,424,011
         

Total Consumer Discretionary

         29,029,165
         

Consumer Staples (8.2%)

      

Beverages (1.8%)

      

Brown-Forman Corp., Class B

    2,685      159,623

Coca-Cola Co.

    62,403      3,432,165

Coca-Cola Enterprises, Inc.

    8,328      230,352

Constellation Brands, Inc., Class A*

   4,865      79,981

Dr. Pepper Snapple Group, Inc.

    6,588      231,700

Molson Coors Brewing Co., Class B

   4,020      169,081

PepsiCo, Inc.

    44,241      2,926,985
         
        7,229,887
         

Food & Staples Retailing (2.0%)

      

Costco Wholesale Corp.

    12,135      724,581

CVS Caremark Corp.

    37,964      1,387,964

Kroger Co.

    18,228      394,819

 

See Notes to Portfolio of Investments.

18

EQ ADVISORS TRUST

AXA TACTICAL MANAGER 500 PORTFOLIO-I

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

 

     Number of
Shares		    Value
(Note 1)

Safeway, Inc.

    11,062    $ 275,001

SUPERVALU, Inc.

    6,259      104,400

Sysco Corp.

    15,528      458,076

Walgreen Co.

    26,324      976,357

Wal-Mart Stores, Inc.

    57,762      3,211,567

Whole Foods Market, Inc.*

    4,856      175,544
         
        7,708,309
         

Food Products (1.3%)

      

Archer-Daniels-Midland Co.

    17,864      516,270

Campbell Soup Co.

    5,003      176,856

ConAgra Foods, Inc.

    12,577      315,305

Dean Foods Co.*

    4,864      76,316

General Mills, Inc.

    9,123      645,817

H.J. Heinz Co.

    8,873      404,698

Hershey Co.

    4,848      207,543

Hormel Foods Corp.

    1,524      64,023

J.M. Smucker Co.

    3,011      181,443

Kellogg Co.

    6,696      357,767

Kraft Foods, Inc., Class A

    47,509      1,436,672

McCormick & Co., Inc. (Non-Voting)

    3,196      122,599

Mead Johnson Nutrition Co., Class A

    5,768      300,109

Sara Lee Corp.

    19,731      274,853

Tyson Foods, Inc., Class A

    8,758      167,716
         
        5,247,987
         

Household Products (1.8%)

      

Clorox Co.

    4,026      258,228

Colgate-Palmolive Co.

    13,192      1,124,750

Kimberly-Clark Corp.

    11,028      693,440

Procter & Gamble Co.

    78,632      4,975,047
         
        7,051,465
         

Personal Products (0.2%)

      

Avon Products, Inc.

    11,223      380,123

Estee Lauder Cos., Inc., Class A

    3,367      218,417
         
        598,540
         

Tobacco (1.1%)

      

Altria Group, Inc.

    56,126      1,151,706

Lorillard, Inc.

    4,384      329,852

Philip Morris International, Inc.

    50,921      2,656,039

Reynolds American, Inc.

    4,300      232,114
         
        4,369,711
         

Total Consumer Staples

         32,205,899
         

Energy (8.0%)

      

Energy Equipment & Services (1.3%)

      

Baker Hughes, Inc.

    8,207      384,416

BJ Services Co.

    7,468      159,815

Cameron International Corp.*

    6,893      295,434

Diamond Offshore Drilling, Inc.

    2,044      181,528

FMC Technologies, Inc.*

    3,146      203,326

Halliburton Co.

    24,898      750,177

Helmerich & Payne, Inc.

    2,913      110,927

Nabors Industries Ltd.*

    8,193      160,829

National Oilwell Varco, Inc.

    11,612      471,215

Rowan Cos., Inc.*

    3,431      99,876

Schlumberger Ltd.

    32,522      2,063,846

Smith International, Inc.

    6,525      279,400
         
        5,160,789
         

Oil, Gas & Consumable Fuels (6.7%)

      

Anadarko Petroleum Corp.

    13,139      956,913

Apache Corp.

    9,262      940,093

Cabot Oil & Gas Corp.

    2,535      93,288

Chesapeake Energy Corp.

    18,098      427,837

Chevron Corp.

    54,369      4,122,801

ConocoPhillips

    40,250      2,059,593

Consol Energy, Inc.

    3,005    $ 128,193

Denbury Resources, Inc.*

    10,085      170,134

Devon Energy Corp.

    11,869      764,720

El Paso Corp.

    20,058      217,429

EOG Resources, Inc.

    6,995      650,115

Exxon Mobil Corp.

    128,045      8,576,454

Hess Corp.

    8,137      508,969

Marathon Oil Corp.

    19,616      620,650

Massey Energy Co.

    2,583      135,065

Murphy Oil Corp.

    4,948      278,028

Noble Energy, Inc.

    4,933      360,109

Occidental Petroleum Corp.

    21,981      1,858,274

Peabody Energy Corp.

    7,539      344,532

Pioneer Natural Resources Co.

    3,323      187,151

Range Resources Corp.

    4,573      214,337

Southwestern Energy Co.*

    9,096      370,389

Spectra Energy Corp.

    16,870      380,081

Sunoco, Inc.

    3,473      103,183

Tesoro Corp.

    4,426      61,521

Valero Energy Corp.

    15,737      310,019

Williams Cos., Inc.

    16,410      379,071

XTO Energy, Inc.

    15,497      731,149
         
        25,950,098
         

Total Energy

         31,110,887
         

Financials (12.1%)

      

Capital Markets (2.0%)

      

Ameriprise Financial, Inc.

    6,676      302,823

Bank of New York Mellon Corp.

    32,235      995,417

Charles Schwab Corp.

    26,791      500,724

E*TRADE Financial Corp.*

    40,510      66,841

Federated Investors, Inc., Class B

    1,890      49,858

Franklin Resources, Inc.

    3,884      430,736

Goldman Sachs Group, Inc.

    14,250      2,431,478

Invesco Ltd.

    11,123      243,705

Janus Capital Group, Inc.

    4,329      61,861

Legg Mason, Inc.

    4,715      135,179

Morgan Stanley

    37,497      1,098,287

Northern Trust Corp.

    6,296      347,917

State Street Corp.

    13,636      615,529

T. Rowe Price Group, Inc.

    6,785      372,700
         
        7,653,055
         

Commercial Banks (2.3%)

      

BB&T Corp.

    19,118      619,232

Comerica, Inc.

    5,007      190,466

Fifth Third Bancorp.

    22,177      301,385

First Horizon National Corp.*

    5,351      75,179

Huntington Bancshares, Inc./Ohio

    18,688      100,355

KeyCorp

    24,934      193,239

M&T Bank Corp.

    2,424      192,417

Marshall & Ilsley Corp.

    13,861      111,581

PNC Financial Services Group, Inc.

    14,001      835,860

Regions Financial Corp.

    33,459      262,653

SunTrust Banks, Inc.

    13,839      370,747

U.S. Bancorp.

    51,797      1,340,506

Wells Fargo & Co.

    140,250      4,364,580

Zions Bancorp.

    4,458      97,274
         
        9,055,474
         

Consumer Finance (0.6%)

      

American Express Co.

    32,397      1,336,700

Capital One Financial Corp.

    12,502      517,708

Discover Financial Services

    14,151      210,850

SLM Corp.*

    12,412      155,398
         
        2,220,656
         

 

See Notes to Portfolio of Investments.

19

EQ ADVISORS TRUST

AXA TACTICAL MANAGER 500 PORTFOLIO-I

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

 

     Number of
Shares		    Value
(Note 1)

Diversified Financial Services (3.4%)

      

Bank of America Corp.

    271,581    $ 4,847,721

Citigroup, Inc.*

    531,929      2,154,313

CME Group, Inc.

    1,840      581,642

IntercontinentalExchange, Inc.*

    2,077      232,998

JPMorgan Chase & Co.

    107,555      4,813,086

Leucadia National Corp.*

    4,738      117,550

Moody’s Corp.

    5,619      167,165

NASDAQ OMX Group, Inc.*

    4,449      93,963

NYSE Euronext

    7,363      218,018
         
        13,226,456
         

Insurance (2.8%)

      

Aflac, Inc.

    12,469      676,942

Allstate Corp.

    14,988      484,262

American International Group, Inc.*

    3,907      133,385

Aon Corp.

    6,914      295,297

Assurant, Inc.

    3,510      120,674

Berkshire Hathaway, Inc., Class B*

    44,800      3,640,896

Chubb Corp.

    9,186      476,294

Cincinnati Financial Corp.

    3,904      112,826

Genworth Financial, Inc., Class A*

    13,775      252,634

Hartford Financial Services Group, Inc.

    10,341      293,891

Lincoln National Corp.

    8,335      255,885

Loews Corp.

    9,218      343,647

Marsh & McLennan Cos., Inc.

    13,893      339,267

MetLife, Inc.

    21,843      946,676

Principal Financial Group, Inc.

    8,333      243,407

Progressive Corp.

    17,445      333,025

Prudential Financial, Inc.

    12,413      750,986

Torchmark Corp.

    1,977      105,789

Travelers Cos., Inc.

    14,180      764,869

Unum Group

    8,506      210,694

XL Capital Ltd., Class A

    8,748      165,337
         
        10,946,683
         

Real Estate Investment Trusts (REITs) (0.9%)

      

Apartment Investment & Management Co. (REIT), Class A

    3,234      59,538

AvalonBay Communities, Inc. (REIT)

    2,367      204,390

Boston Properties, Inc. (REIT)

    3,955      298,365

Equity Residential (REIT)

    7,980      312,417

HCP, Inc. (REIT)

    8,338      275,154

Health Care REIT, Inc. (REIT)

    3,671      166,039

Host Hotels & Resorts, Inc. (REIT)

    16,993      248,948

Kimco Realty Corp. (REIT)

    10,280      160,779

Plum Creek Timber Co., Inc. (REIT)

    4,793      186,496

ProLogis (REIT)

    12,236      161,515

Public Storage (REIT)

    3,512      323,069

Simon Property Group, Inc. (REIT)

    7,974      669,019

Ventas, Inc. (REIT)

    3,955      187,783

Vornado Realty Trust (REIT)

    4,458      337,471
         
        3,590,983
         

Real Estate Management & Development (0.0%)

      

CB Richard Ellis Group, Inc., Class A*

    6,733      106,718
         

Thrifts & Mortgage Finance (0.1%)

      

Hudson City Bancorp, Inc.

    13,852      196,144

People’s United Financial, Inc.

    11,004      172,103
         
        368,247
         

Total Financials

         47,168,272
         

Health Care (8.8%)

      

Biotechnology (1.1%)

      

Amgen, Inc.*

    26,511    $ 1,584,297

Biogen Idec, Inc.*

    7,523      431,519

Celgene Corp.*

    12,254      759,258

Cephalon, Inc.*

    2,208      149,658

Genzyme Corp.*

    7,444      385,823

Gilead Sciences, Inc.*

    24,456      1,112,259
         
        4,422,814
         

Health Care Equipment & Supplies (1.4%)

      

Baxter International, Inc.

    16,064      934,925

Becton, Dickinson and Co.

    6,194      487,654

Boston Scientific Corp.*

    42,158      304,381

C.R. Bard, Inc.

    2,765      239,504

CareFusion Corp.*

    4,419      116,794

DENTSPLY International, Inc.

    3,585      124,937

Hospira, Inc.*

    4,219      239,007

Intuitive Surgical, Inc.*

    1,069      372,151

Medtronic, Inc.

    29,977      1,349,864

St. Jude Medical, Inc.*

    9,136      375,033

Stryker Corp.

    7,404      423,657

Varian Medical Systems, Inc.*

    3,154      174,511

Zimmer Holdings, Inc.*

    5,551      328,619
         
        5,471,037
         

Health Care Providers & Services (1.6%)

      

Aetna, Inc.

    12,599      442,351

AmerisourceBergen Corp.

    8,094      234,079

Cardinal Health, Inc.

    10,135      365,164

CIGNA Corp.

    8,305      303,797

Coventry Health Care, Inc.*

    4,000      98,880

DaVita, Inc.*

    2,601      164,903

Express Scripts, Inc.*

    7,346      747,529

Humana, Inc.*

    5,199      243,157

Laboratory Corp. of America Holdings*

    3,290      249,086

McKesson Corp.

    7,199      473,118

Medco Health Solutions, Inc.*

    13,077      844,251

Patterson Cos., Inc.

    2,929      90,945

Quest Diagnostics, Inc.

    4,189      244,177

Tenet Healthcare Corp.*

    11,401      65,214

UnitedHealth Group, Inc.

    32,239      1,053,248

WellPoint, Inc.*

    7,157      460,768
         
        6,080,667
         

Life Sciences Tools & Services (0.3%)

      

Life Technologies Corp.*

    5,139      268,615

Millipore Corp.*

    1,426      150,586

PerkinElmer, Inc.

    2,805      67,039

Thermo Fisher Scientific, Inc.*

    11,349      583,793

Waters Corp.*

    2,350      158,719
         
        1,228,752
         

Pharmaceuticals (4.4%)

      

Abbott Laboratories, Inc.

    42,032      2,214,246

Allergan, Inc.

    8,120      530,398

Bristol-Myers Squibb Co.

    46,405      1,239,013

Eli Lilly and Co.

    27,064      980,258

Forest Laboratories, Inc.*

    8,563      268,536

Johnson & Johnson

    74,499      4,857,335

King Pharmaceuticals, Inc.*

    6,018      70,772

Merck & Co., Inc.

    84,336      3,149,950

Mylan, Inc.*

    8,715      197,918

Pfizer, Inc.

    218,477      3,746,880

 

See Notes to Portfolio of Investments.

20

EQ ADVISORS TRUST

AXA TACTICAL MANAGER 500 PORTFOLIO-I

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Watson Pharmaceuticals, Inc.*

    2,589    $ 108,142
         
        17,363,448
         

Total Health Care

         34,566,718
         

Industrials (7.7%)

      

Aerospace & Defense (2.2%)

      

Boeing Co.

    20,492      1,487,924

General Dynamics Corp.

    10,246      790,991

Goodrich Corp.

    3,600      253,872

Honeywell International, Inc.

    20,356      921,516

ITT Corp.

    5,228      280,273

L-3 Communications Holdings, Inc.

    3,287      301,188

Lockheed Martin Corp.

    8,709      724,763

Northrop Grumman Corp.

    8,424      552,362

Precision Castparts Corp.

    3,711      470,221

Raytheon Co.

    10,523      601,074

Rockwell Collins, Inc.

    4,013      251,174

United Technologies Corp.

    25,350      1,866,013
         
        8,501,371
         

Air Freight & Logistics (0.8%)

      

C.H. Robinson Worldwide, Inc.

    4,748      265,176

Expeditors International of Washington, Inc.

    6,108      225,507

FedEx Corp.

    8,613      804,454

United Parcel Service, Inc., Class B

    26,878      1,731,212
         
        3,026,349
         

Airlines (0.1%)

      

Southwest Airlines Co.

    21,006      277,699
         
Building Products (0.0%)      

Masco Corp.

    9,123      141,589
         
Commercial Services & Supplies (0.4%)      

Avery Dennison Corp.

    3,338      121,537

Cintas Corp.

    3,128      87,866

Iron Mountain, Inc.

    4,526      124,012

Pitney Bowes, Inc.

    5,072      124,010

R.R. Donnelley & Sons Co.

    5,106      109,013

Republic Services, Inc.

    8,306      241,040

Stericycle, Inc.*

    2,028      110,526

Waste Management, Inc.

    12,695      437,089
         
        1,355,093
         
Construction & Engineering (0.1%)      

Fluor Corp.

    5,054      235,062

Jacobs Engineering Group, Inc.*

    3,608      163,045

Quanta Services, Inc.*

    5,221      100,034
         
        498,141
         
Electrical Equipment (0.4%)      

Emerson Electric Co.

    20,081      1,010,878

First Solar, Inc.*

    1,391      170,606

Rockwell Automation, Inc.

    4,071      229,442

Roper Industries, Inc.

    2,279      131,817
         
        1,542,743
         
Industrial Conglomerates (1.8%)      

3M Co.

    19,268      1,610,227

General Electric Co.

    288,847      5,257,015

Textron, Inc.

    7,777      165,106
         
        7,032,348
         
Machinery (1.2%)      

Caterpillar, Inc.

    16,726      1,051,229

Cummins, Inc.

    5,618      348,035

Danaher Corp.

    6,903      551,619

Deere & Co.

    11,662      693,423

Dover Corp.

    5,336      249,458

Eaton Corp.

    4,659    $ 353,012

Flowserve Corp.

    1,624      179,079

Illinois Tool Works, Inc.

    10,158      481,083

PACCAR, Inc.

    9,562      414,417

Pall Corp.

    2,878      116,530

Parker Hannifin Corp.

    4,560      295,214

Snap-On, Inc.

    1,297      56,212
         
        4,789,311
         
Professional Services (0.1%)      

Dun & Bradstreet Corp.

    1,205      89,676

Equifax, Inc.

    3,174      113,629

Robert Half International, Inc.

    3,697      112,500
         
        315,805
         
Road & Rail (0.5%)      

CSX Corp.

    10,834      551,451

Norfolk Southern Corp.

    9,741      544,424

Ryder System, Inc.

    1,250      48,450

Union Pacific Corp.

    13,477      987,864
         
        2,132,189
         
Trading Companies & Distributors (0.1%)      

Fastenal Co.

    3,291      157,935

W.W. Grainger, Inc.

    1,803      194,941
         
        352,876
         

Total Industrials

         29,965,514
         

Information Technology (13.8%)

      
Communications Equipment (1.8%)      

Cisco Systems, Inc.*

    155,001      4,034,676

Harris Corp.

    3,277      155,625

JDS Uniphase Corp.*

    6,830      85,580

Juniper Networks, Inc.*

    14,549      446,363

Motorola, Inc.*

    63,808      447,932

QUALCOMM, Inc.

    45,497      1,910,419

Tellabs, Inc.

    10,437      79,008
         
        7,159,603
         
Computers & Peripherals (4.2%)      

Apple, Inc.*

    24,548      5,767,062

Dell, Inc.*

    45,930      689,409

EMC Corp.*

    55,889      1,008,238

Hewlett-Packard Co.

    63,728      3,387,143

International Business Machines Corp.

    35,166      4,510,040

Lexmark International, Inc., Class A*

    2,362      85,221

NetApp, Inc.*

    9,574      311,729

QLogic Corp.*

    3,588      72,836

SanDisk Corp.*

    6,458      223,641

Teradata Corp.*

    4,170      120,471

Western Digital Corp.*

    6,390      249,146
         
        16,424,936
         
Electronic Equipment, Instruments & Components (0.4%)      

Agilent Technologies, Inc.*

    9,783      336,437

Amphenol Corp., Class A

    4,420      186,480

Corning, Inc.

    41,691      842,575

FLIR Systems, Inc.*

    3,778      106,540

Jabil Circuit, Inc.

    5,073      82,132

Molex, Inc.

    3,141      65,521
         
        1,619,685
         
Internet Software & Services (1.4%)      

Akamai Technologies, Inc.*

    4,933      154,946

eBay, Inc.*

    30,233      814,779

Google, Inc., Class A*

    6,540      3,708,245

Monster Worldwide, Inc.*

    2,882      47,870

VeriSign, Inc.*

    5,340      138,893

Yahoo!, Inc.*

    32,811      542,366
         
        5,407,099
         

 

See Notes to Portfolio of Investments.

21

EQ ADVISORS TRUST

AXA TACTICAL MANAGER 500 PORTFOLIO-I

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)
IT Services (1.1%)      

Automatic Data Processing, Inc.

    13,638    $ 606,482

Cognizant Technology Solutions Corp., Class A*

    8,258      420,993

Computer Sciences Corp.*

    3,914      213,274

Fidelity National Information Services, Inc.

    8,449      198,045

Fiserv, Inc.*

    4,382      222,430

Mastercard, Inc., Class A

    2,608      662,432

Paychex, Inc.

    9,164      281,335

SAIC, Inc.*

    7,545      133,546

Total System Services, Inc.

    4,574      71,629

Visa, Inc., Class A

    11,979      1,090,448

Western Union Co.

    17,935      304,178
         
        4,204,792
         
Office Electronics (0.1%)      

Xerox Corp.

    35,580      346,905
         
Semiconductors & Semiconductor Equipment (1.8%)      

Advanced Micro Devices, Inc.*

    14,350      133,025

Altera Corp.

    8,562      208,142

Analog Devices, Inc.

    8,548      246,353

Applied Materials, Inc.

    35,202      474,523

Broadcom Corp., Class A

    12,045      399,653

Intel Corp.

    149,542      3,328,805

KLA-Tencor Corp.

    5,037      155,744

Linear Technology Corp.

    6,567      185,715

LSI Corp.*

    16,242      99,401

MEMC Electronic Materials, Inc.*

    5,549      85,066

Microchip Technology, Inc.

    5,509      155,133

Micron Technology, Inc.*

    22,165      230,294

National Semiconductor Corp.

    7,242      104,647

Novellus Systems, Inc.*

    3,134      78,350

NVIDIA Corp.*

    14,975      260,266

Teradyne, Inc.*

    4,659      52,041

Texas Instruments, Inc.

    33,124      810,544

Xilinx, Inc.

    8,037      204,944
         
        7,212,646
         
Software (3.0%)      

Adobe Systems, Inc.*

    14,544      514,421

Autodesk, Inc.*

    6,558      192,936

BMC Software, Inc.*

    5,313      201,894

CA, Inc.

    10,078      236,531

Citrix Systems, Inc.*

    5,240      248,743

Compuware Corp.*

    4,973      41,773

Electronic Arts, Inc.*

    9,390      175,217

Intuit, Inc.*

    8,925      306,485

McAfee, Inc.*

    3,982      159,798

Microsoft Corp.

    206,564      6,046,128

Novell, Inc.*

    7,714      46,207

Oracle Corp.

    105,816      2,718,413

Red Hat, Inc.*

    4,898      143,365

Salesforce.com, Inc.*

    2,847      211,959

Symantec Corp.*

    22,511      380,886
         
        11,624,756
         

Total Information Technology

         54,000,422
         

Materials (2.5%)

      
Chemicals (1.4%)      

Air Products & Chemicals, Inc.

    5,916      437,488

Airgas, Inc.

    2,376      151,161

CF Industries Holdings, Inc.

    1,209      110,237

Dow Chemical Co.

    30,847      912,146

E.I. du Pont de Nemours & Co.

    24,069      896,329

Eastman Chemical Co.

    1,773    $ 112,905

Ecolab, Inc.

    6,077      267,084

FMC Corp.

    1,766      106,914

International Flavors & Fragrances, Inc.

    1,813      86,426

Monsanto Co.

    14,689      1,049,088

PPG Industries, Inc.

    4,717      308,492

Praxair, Inc.

    8,472      703,176

Sigma-Aldrich Corp.

    3,034      162,804
         
        5,304,250
         
Construction Materials (0.0%)      

Vulcan Materials Co.

    3,196      150,979
         
Containers & Packaging (0.1%)      

Ball Corp.

    2,295      122,507

Bemis Co., Inc.

    2,481      71,254

Owens-Illinois, Inc.*

    4,304      152,964

Pactiv Corp.*

    4,022      101,274

Sealed Air Corp.

    3,767      79,409
         
        527,408
         
Metals & Mining (0.8%)      

AK Steel Holding Corp.

    3,680      84,125

Alcoa, Inc.

    28,487      405,655

Allegheny Technologies, Inc.

    2,902      156,679

Cliffs Natural Resources, Inc.

    3,839      272,377

Freeport-McMoRan Copper & Gold, Inc.

    11,540      964,051

Newmont Mining Corp.

    13,566      690,916

Nucor Corp.

    8,851      401,658

Titanium Metals Corp.*

    1,669      27,689

United States Steel Corp.

    4,088      259,670
         
        3,262,820
         
Paper & Forest Products (0.2%)      

International Paper Co.

    11,383      280,136

MeadWestvaco Corp.

    4,249      108,562

Weyerhaeuser Co.

    5,453      246,857
         
        635,555
         

Total Materials

         9,881,012
         

Telecommunication Services (2.0%)

      
Diversified Telecommunication Services (1.8%)      

AT&T, Inc.

    159,778      4,128,664

CenturyTel, Inc.

    8,533      302,580

Frontier Communications Corp.

    6,483      48,234

Qwest Communications International, Inc.

    42,463      221,657

Verizon Communications, Inc.

    76,767      2,381,312

Windstream Corp.

    11,187      121,826
         
        7,204,273
         
Wireless Telecommunication Services (0.2%)      

American Tower Corp., Class A*

    10,593      451,368

MetroPCS Communications, Inc.*

    7,004      49,588

Sprint Nextel Corp.*

    79,681      302,788
         
        803,744
         

Total Telecommunication Services

         8,008,017
         

Utilities (2.5%)

      
Electric Utilities (1.4%)      

Allegheny Energy, Inc.

    4,573      105,179

American Electric Power Co., Inc.

    13,479      460,712

Duke Energy Corp.

    36,571      596,839

Edison International

    8,391      286,721

Entergy Corp.

    5,355      435,629

Exelon Corp.

    18,282      800,934

 

See Notes to Portfolio of Investments.

22

EQ ADVISORS TRUST

AXA TACTICAL MANAGER 500 PORTFOLIO-I

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

FirstEnergy Corp.

      7,878    $ 307,951

FPL Group, Inc.

      11,579      559,613

Northeast Utilities

      4,204      116,199

Pepco Holdings, Inc.

      7,101      121,782

Pinnacle West Capital Corp.

      2,384      89,948

PPL Corp.

      9,695      268,648

Progress Energy, Inc.

      8,174      321,729

Southern Co.

      22,426      743,646
         
        5,215,530
         
Gas Utilities (0.1%)      

EQT Corp.

      3,198      131,118

Nicor, Inc.

      942      39,489

ONEOK, Inc.

      2,400      109,560

Questar Corp.

      4,386      189,475
         
        469,642
         
Independent Power Producers & Energy Traders (0.1%)      

AES Corp.*

      19,293      212,223

Constellation Energy Group, Inc.

      5,074      178,148

NRG Energy, Inc.*

      1,985      41,487
         
        431,858
         
Multi-Utilities (0.9%)      

Ameren Corp.

      7,131      185,976

CenterPoint Energy, Inc.

      11,926      171,257

CMS Energy Corp.

      7,344      113,538

Consolidated Edison, Inc.

      8,038      358,013

Dominion Resources, Inc.

      15,880      652,827

DTE Energy Co.

      4,136      184,466

Integrys Energy Group, Inc.

      1,755      83,152

NiSource, Inc.

      6,552      103,522

PG&E Corp.

      10,485      444,774

Public Service Enterprise Group, Inc.

      13,219      390,225

SCANA Corp.

      2,625      98,674

Sempra Energy

      7,055      352,044

TECO Energy, Inc.

      4,907      77,972

Wisconsin Energy Corp.

      2,874      142,004

Xcel Energy, Inc.

      11,672      247,446
         
        3,605,890
         

Total Utilities

         9,722,920
         

Total Common Stocks (73.0%)
(Cost $268,436,204)

         285,658,826
         

INVESTMENT COMPANY:

      
Exchange Traded Fund (ETF) (0.0%)      

SPDR Trust Series 1
(Cost $10,542)

      116      13,571
         
     Principal
Amount		    Value
(Note 1)

SHORT-TERM INVESTMENT:

      

Short-Term Investment (24.3%)

      

BlackRock Liquidity Funds TempFund

      

0.11% ‡

(Amortized Cost $95,201,614)

    $ 95,201,614      95,201,614
         

Total Investments (97.3%)
(Cost $363,648,360)

         380,874,011

Other Assets Less Liabilities (2.7%)

         10,615,678
         

Net Assets (100%)

       $ 391,489,689
         

 

* Non-income producing.
‡ Affiliated company as defined under the Investment Company Act of 1940.

 

See Notes to Portfolio of Investments.

23

EQ ADVISORS TRUST

AXA TACTICAL MANAGER 500 PORTFOLIO-I

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

 

 

Investments in companies which were affiliates for the three months ended March 31, 2010, were as follows:

 

Securities

    Market Value
December 31, 2009		    Purchases
at Cost		    Sales
at Cost		    Market Value
March 31, 2010		    Dividend
Income		    Realized
Gain (Loss)

BlackRock Liquidity Funds TempFund

    $ 66,210,916    $ 140,105,414    $ 111,114,716    $ 95,201,614    $ 15,618    $ —  
                                         

 

 

At March 31, 2010, the Portfolio had the following futures contracts open: (Note 1)

 

Purchase

    Number of
Contracts		    Expiration
Date		    Original
Value		    Value at
3/31/2010		    Unrealized
Appreciation/
(Depreciation)

S&P 500 E-Mini Index

    1,774    June-10    $ 102,274,861    $ 103,353,240    $ 1,078,379
                  

The following is a summary of the inputs used to value the Portfolio’s assets and liabilities carried at fair value as of March 31, 2010:

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, money market securities are valued using amortized cost, in accordance with rules under the Investment Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active market, such securities are reflected as Level 2.

Various inputs are used in determining the value of the Portfolio’s investments. These inputs are summarized in the three broad levels listed below:

 

Investment Type

    Level 1
Quoted prices in active
markets for identical
securities		    Level 2
Significant other
observable inputs
(including quoted prices
for similar securities,
interest rates,
prepayment speeds,
credit risk, etc.)		    Level 3
Significant unobservable
inputs (including the
Portfolio’s own
assumptions in
determining the fair
value of investments)		    Total

Assets:

            

Common Stocks

            

Consumer Discretionary

    $ 29,029,165    $ —      $ —      $ 29,029,165

Consumer Staples

      32,205,899      —        —        32,205,899

Energy

      31,110,887      —        —        31,110,887

Financials

      47,168,272      —        —        47,168,272

Health Care

      34,566,718      —        —        34,566,718

Industrials

      29,965,514      —        —        29,965,514

Information Technology

      54,000,422      —        —        54,000,422

Materials

      9,881,012      —        —        9,881,012

Telecommunication Services

      8,008,017      —        —        8,008,017

Utilities

      9,722,920      —        —        9,722,920

Futures

      1,078,379      —        —        1,078,379

Investment Companies

            

Exchange Traded Funds (ETFs)

      13,571      —        —        13,571

Short-Term Investments

      —        95,201,614      —        95,201,614
                           

Total Assets

    $ 286,750,776    $ 95,201,614    $ —      $ 381,952,390
                           

Total Liabilities

    $ —      $ —      $ —      $ —  
                           

Total

    $ 286,750,776    $ 95,201,614    $ —      $ 381,952,390
                           

 

See Notes to Portfolio of Investments.

24

EQ ADVISORS TRUST

AXA TACTICAL MANAGER 500 PORTFOLIO-I

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

Investment security transactions for the three months ended March 31, 2010 were as follows:

 

Cost of Purchases:

   

Stocks and long-term corporate debt securities

    $ 122,568,754

Net Proceeds of Sales and Redemptions:

   

Stocks and long-term corporate debt securities

    $ 1,889,739

As of March 31, 2010, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investments for Federal income tax purposes was as follows:

 

Aggregate gross unrealized appreciation

    $ 18,613,615   

Aggregate gross unrealized depreciation

      (1,406,275 ) 
        

Net unrealized appreciation

    $ 17,207,340   
        

Federal income tax cost of investments

    $ 363,666,671   
        

 

See Notes to Portfolio of Investments.

25

EQ ADVISORS TRUST

AXA TACTICAL MANAGER 500 PORTFOLIO-II

PORTFOLIO OF INVESTMENTS

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

COMMON STOCKS:

      

Consumer Discretionary (5.2%)

      
Auto Components (0.1%)      

Goodyear Tire & Rubber Co.*

    60,540    $ 765,225

Johnson Controls, Inc.

    162,233      5,352,067
         
        6,117,292
         
Automobiles (0.2%)      

Ford Motor Co.*

    801,551      10,075,496

Harley-Davidson, Inc.

    54,639      1,533,717
         
        11,609,213
         
Distributors (0.0%)      

Genuine Parts Co.

    39,756      1,679,293
         
Diversified Consumer Services (0.1%)      

Apollo Group, Inc., Class A*

    30,043      1,841,336

DeVry, Inc.

    15,552      1,013,990

H&R Block, Inc.

    82,636      1,470,921
         
        4,326,247
         
Hotels, Restaurants & Leisure (0.8%)      

Carnival Corp.

    105,572      4,104,639

Darden Restaurants, Inc.

    32,071      1,428,442

International Game Technology

    73,173      1,350,042

Marriott International, Inc., Class A

    58,935      1,857,631

McDonald’s Corp.

    258,347      17,236,912

Starbucks Corp.*

    175,614      4,262,152

Starwood Hotels & Resorts Worldwide, Inc.

    43,631      2,034,950

Wyndham Worldwide Corp.

    44,412      1,142,721

Wynn Resorts Ltd.

    16,006      1,213,735

Yum! Brands, Inc.

    110,372      4,230,559
         
        38,861,783
         
Household Durables (0.2%)      

D.R. Horton, Inc.

    62,899      792,527

Fortune Brands, Inc.

    37,122      1,800,788

Harman International Industries, Inc.*

    17,527      819,913

Leggett & Platt, Inc.

    38,657      836,538

Lennar Corp., Class A

    36,244      623,759

Newell Rubbermaid, Inc.

    63,748      968,970

Pulte Group, Inc.*

    79,355      892,744

Stanley Black & Decker, Inc.

    38,595      2,215,739

Whirlpool Corp.

    17,340      1,512,915
         
        10,463,893
         
Internet & Catalog Retail (0.3%)      

Amazon.com, Inc.*

    80,960      10,988,701

Expedia, Inc.

    48,968      1,222,241

priceline.com, Inc.*

    10,617      2,707,335
         
        14,918,277
         
Leisure Equipment & Products (0.1%)      

Eastman Kodak Co.*

    67,184      388,995

Hasbro, Inc.

    28,087      1,075,170

Mattel, Inc.

    84,289      1,916,732
         
        3,380,897
         
Media (1.6%)      

CBS Corp., Class B

    159,221      2,219,541

Comcast Corp., Class A

    683,352      12,860,685

DIRECTV, Class A*

    227,453      7,690,186

Discovery Communications, Inc., Class A*

    67,935      2,295,524

Gannett Co., Inc.

    54,184      895,120

Interpublic Group of Cos., Inc.*

    120,929      1,006,129

McGraw-Hill Cos., Inc.

    74,139      2,643,055

Meredith Corp.

    8,731      300,434

New York Times Co., Class A*

    27,377    $ 304,706

News Corp., Class A

    542,824      7,822,094

Omnicom Group, Inc.

    72,850      2,827,308

Scripps Networks Interactive, Inc., Class A

    22,563      1,000,669

Time Warner Cable, Inc.

    85,504      4,558,218

Time Warner, Inc.

    279,025      8,725,112

Viacom, Inc., Class B*

    147,139      5,058,639

Walt Disney Co.

    462,339      16,140,254

Washington Post Co., Class B

    1,679      745,778
         
        77,093,452
         
Multiline Retail (0.4%)      

Big Lots, Inc.*

    18,665      679,779

Family Dollar Stores, Inc.

    31,723      1,161,379

J.C. Penney Co., Inc.

    55,012      1,769,736

Kohl’s Corp.*

    72,455      3,969,085

Macy’s, Inc.

    98,764      2,150,092

Nordstrom, Inc.

    38,486      1,572,153

Sears Holdings Corp.*

    12,024      1,303,763

Target Corp.

    178,860      9,408,036
         
        22,014,023
         
Specialty Retail (1.1%)      

Abercrombie & Fitch Co., Class A

    20,122      918,368

AutoNation, Inc.*

    24,055      434,914

AutoZone, Inc.*

    6,791      1,175,454

Bed Bath & Beyond, Inc.*

    61,458      2,689,402

Best Buy Co., Inc.

    80,652      3,430,936

GameStop Corp., Class A*

    37,601      823,838

Gap, Inc.

    112,585      2,601,839

Home Depot, Inc.

    406,969      13,165,447

Limited Brands, Inc.

    62,237      1,532,275

Lowe’s Cos., Inc.

    350,028      8,484,679

Office Depot, Inc.*

    71,438      570,075

O’Reilly Automotive, Inc.*

    31,398      1,309,611

RadioShack Corp.

    28,082      635,496

Ross Stores, Inc.

    28,770      1,538,332

Sherwin-Williams Co.

    21,787      1,474,544

Staples, Inc.

    175,221      4,098,419

Tiffany & Co.

    28,718      1,363,818

TJX Cos., Inc.

    99,265      4,220,748

Urban Outfitters, Inc.*

    31,314      1,190,872
         
        51,659,067
         
Textiles, Apparel & Luxury Goods (0.3%)      

Coach, Inc.

    75,238      2,973,406

NIKE, Inc., Class B

    92,382      6,790,077

Polo Ralph Lauren Corp.

    14,369      1,221,940

VF Corp.

    22,089      1,770,433
         
        12,755,856
         

Total Consumer Discretionary

         254,879,293
         

Consumer Staples (5.9%)

      
Beverages (1.3%)      

Brown-Forman Corp., Class B

    27,321      1,624,234

Coca-Cola Co.

    554,279      30,485,345

Coca-Cola Enterprises, Inc.

    77,729      2,149,984

Constellation Brands, Inc., Class A*

    50,257      826,225

Dr. Pepper Snapple Group, Inc.

    62,089      2,183,670

Molson Coors Brewing Co., Class B

    38,854      1,634,199

PepsiCo, Inc.

    388,105      25,677,027
         
        64,580,684
         
Food & Staples Retailing (1.4%)      

Costco Wholesale Corp.

    103,699      6,191,867

CVS Caremark Corp.

    336,545      12,304,085

 

See Notes to Portfolio of Investments.

26

EQ ADVISORS TRUST

AXA TACTICAL MANAGER 500 PORTFOLIO-II

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Kroger Co.

    152,673    $ 3,306,897

Safeway, Inc.

    94,439      2,347,754

SUPERVALU, Inc.

    48,281      805,327

Sysco Corp.

    139,380      4,111,710

Walgreen Co.

    236,307      8,764,627

Wal-Mart Stores, Inc.

    511,056      28,414,714

Whole Foods Market, Inc.*

    38,489      1,391,377
         
        67,638,358
         
Food Products (1.0%)      

Archer-Daniels-Midland Co.

    151,739      4,385,257

Campbell Soup Co.

    47,233      1,669,687

ConAgra Foods, Inc.

    103,403      2,592,313

Dean Foods Co.*

    40,653      637,846

General Mills, Inc.

    77,662      5,497,693

H.J. Heinz Co.

    74,161      3,382,483

Hershey Co.

    41,432      1,773,704

Hormel Foods Corp.

    17,897      751,853

J.M. Smucker Co.

    29,412      1,772,367

Kellogg Co.

    59,890      3,199,923

Kraft Foods, Inc., Class A

    417,666      12,630,220

McCormick & Co., Inc.(Non-Voting)

    33,114      1,270,253

Mead Johnson Nutrition Co., Class A

    47,929      2,493,746

Sara Lee Corp.

    170,822      2,379,550

Tyson Foods, Inc., Class A

    75,263      1,441,286
         
        45,878,181
         
Household Products (1.3%)      

Clorox Co.

    32,434      2,080,317

Colgate-Palmolive Co.

    119,059      10,150,970

Kimberly-Clark Corp.

    98,436      6,189,656

Procter & Gamble Co.

    698,152      44,172,077
         
        62,593,020
         
Personal Products (0.1%)      

Avon Products, Inc.

    100,738      3,411,996

Estee Lauder Cos., Inc., Class A

    29,095      1,887,393
         
        5,299,389
         
Tobacco (0.8%)      

Altria Group, Inc.

    495,952      10,176,935

Lorillard, Inc.

    37,658      2,833,388

Philip Morris International, Inc.

    454,142      23,688,047

Reynolds American, Inc.

    41,665      2,249,076
         
        38,947,446
         

Total Consumer Staples

         284,937,078
         
Energy (5.6%)      
Energy Equipment & Services (0.9%)      

Baker Hughes, Inc.

    75,424      3,532,860

BJ Services Co.

    72,412      1,549,617

Cameron International Corp.*

    59,779      2,562,128

Diamond Offshore Drilling, Inc.

    16,064      1,426,644

FMC Technologies, Inc.*

    30,166      1,949,629

Halliburton Co.

    214,433      6,460,866

Helmerich & Payne, Inc.

    25,318      964,109

Nabors Industries Ltd.*

    65,704      1,289,770

National Oilwell Varco, Inc.

    99,090      4,021,072

Rowan Cos., Inc.*

    25,556      743,935

Schlumberger Ltd.

    287,913      18,270,959

Smith International, Inc.

    58,421      2,501,587
         
        45,273,176
         
Oil, Gas & Consumable Fuels (4.7%)      

Anadarko Petroleum Corp.

    116,839      8,509,384

Apache Corp.

    79,891      8,108,937

Cabot Oil & Gas Corp.

    25,998      956,726

Chesapeake Energy Corp.

    157,325    $ 3,719,163

Chevron Corp.

    480,451      36,432,599

ConocoPhillips

    356,511      18,242,668

Consol Energy, Inc.

    42,205      1,800,465

Denbury Resources, Inc.*

    97,701      1,648,216

Devon Energy Corp.

    105,634      6,805,999

El Paso Corp.

    172,415      1,868,979

EOG Resources, Inc.

    59,719      5,550,284

Exxon Mobil Corp.#

    1,133,942      75,951,435

Hess Corp.

    68,666      4,295,058

Marathon Oil Corp.

    167,678      5,305,332

Massey Energy Co.

    20,318      1,062,428

Murphy Oil Corp.

    46,726      2,625,534

Noble Energy, Inc.

    42,378      3,093,594

Occidental Petroleum Corp.

    195,100      16,493,754

Peabody Energy Corp.

    63,291      2,892,399

Pioneer Natural Resources Co.

    26,764      1,507,348

Range Resources Corp.

    36,730      1,721,535

Southwestern Energy Co.*

    81,532      3,319,983

Spectra Energy Corp.

    157,828      3,555,865

Sunoco, Inc.

    26,539      788,474

Tesoro Corp.

    30,653      426,077

Valero Energy Corp.

    132,959      2,619,292

Williams Cos., Inc.

    136,868      3,161,651

XTO Energy, Inc.

    137,872      6,504,801
         
        228,967,980
         

Total Energy

         274,241,156
         
Financials (8.6%)      
Capital Markets (1.4%)      

Ameriprise Financial, Inc.

    62,187      2,820,802

Bank of New York Mellon Corp.

    286,463      8,845,977

Charles Schwab Corp.

    227,854      4,258,591

E*TRADE Financial Corp.*

    351,224      579,520

Federated Investors, Inc., Class B

    22,882      603,627

Franklin Resources, Inc.

    35,275      3,911,998

Goldman Sachs Group, Inc.

    124,640      21,267,323

Invesco Ltd.

    100,407      2,199,917

Janus Capital Group, Inc.

    46,445      663,699

Legg Mason, Inc.

    40,228      1,153,337

Morgan Stanley

    328,570      9,623,815

Northern Trust Corp.

    56,676      3,131,916

State Street Corp.

    119,491      5,393,824

T. Rowe Price Group, Inc.

    60,729      3,335,844
         
        67,790,190
         
Commercial Banks (1.6%)      

BB&T Corp.

    162,984      5,279,052

Comerica, Inc.

    40,392      1,536,512

Fifth Third Bancorp

    187,238      2,544,564

First Horizon National Corp.*

    57,352      805,789

Huntington Bancshares, Inc./Ohio

    178,618      959,179

KeyCorp

    210,056      1,627,934

M&T Bank Corp.

    20,668      1,640,626

Marshall & Ilsley Corp.

    120,602      970,846

PNC Financial Services Group, Inc.

    123,701      7,384,950

Regions Financial Corp.

    279,474      2,193,871

SunTrust Banks, Inc.

    117,932      3,159,398

U.S. Bancorp

    459,848      11,900,866

Wells Fargo & Co.

    1,231,887      38,336,324

Zions Bancorp

    32,770      715,041
         
        79,054,952
         
Consumer Finance (0.4%)      

American Express Co.

    285,665      11,786,538

Capital One Financial Corp.

    107,578      4,454,805

Discover Financial Services

    132,477      1,973,907

 

See Notes to Portfolio of Investments.

27

EQ ADVISORS TRUST

AXA TACTICAL MANAGER 500 PORTFOLIO-II

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

SLM Corp.*

    116,954    $ 1,464,264
         
        19,679,514
         
Diversified Financial Services (2.4%)      

Bank of America Corp.

    2,390,001      42,661,518

Citigroup, Inc.*

    4,695,590      19,017,140

CME Group, Inc.

    15,841      5,007,499

IntercontinentalExchange, Inc.*

    17,238      1,933,759

JPMorgan Chase & Co.

    947,186      42,386,573

Leucadia National Corp.*

    47,240      1,172,024

Moody’s Corp.

    45,585      1,356,154

NASDAQ OMX Group, Inc.*

    37,407      790,036

NYSE Euronext

    63,658      1,884,913
         
        116,209,616
         
Insurance (2.0%)      

Aflac, Inc.

    113,042      6,137,050

Allstate Corp.

    130,330      4,210,962

American International Group, Inc.*

    31,038      1,059,637

Aon Corp.

    66,228      2,828,598

Assurant, Inc.

    29,559      1,016,239

Berkshire Hathaway, Inc., Class B*

    397,926      32,339,446

Chubb Corp.

    80,520      4,174,962

Cincinnati Financial Corp.

    41,274      1,192,819

Genworth Financial, Inc., Class A*

    114,445      2,098,921

Hartford Financial Services Group, Inc.

    90,280      2,565,758

Lincoln National Corp.

    73,628      2,260,380

Loews Corp.

    86,230      3,214,654

Marsh & McLennan Cos., Inc.

    124,429      3,038,556

MetLife, Inc.

    197,558      8,562,164

Principal Financial Group, Inc.

    77,781      2,271,983

Progressive Corp.

    164,387      3,138,148

Prudential Financial, Inc.

    111,878      6,768,619

Torchmark Corp.

    21,016      1,124,566

Travelers Cos., Inc.

    126,794      6,839,268

Unum Group

    81,716      2,024,105

XL Capital Ltd., Class A

    83,891      1,585,540
         
        98,452,375
         
Real Estate Investment Trusts (REITs) (0.7%)      

Apartment Investment & Management Co. (REIT), Class A

    30,249      556,884

AvalonBay Communities, Inc. (REIT)

    18,790      1,622,516

Boston Properties, Inc. (REIT)

    34,173      2,578,011

Equity Residential (REIT)

    65,130      2,549,839

HCP, Inc. (REIT)

    69,452      2,291,916

Health Care REIT, Inc. (REIT)

    28,014      1,267,073

Host Hotels & Resorts, Inc. (REIT)

    158,112      2,316,341

Kimco Realty Corp. (REIT)

    96,678      1,512,044

Plum Creek Timber Co., Inc. (REIT)

    37,227      1,448,503

ProLogis (REIT)

    114,210      1,507,572

Public Storage (REIT)

    31,805      2,925,742

Simon Property Group, Inc. (REIT)

    68,843      5,775,928

Ventas, Inc. (REIT)

    37,701      1,790,043

Vornado Realty Trust (REIT)

    36,821      2,787,350
         
        30,929,762
         
Real Estate Management & Development (0.0%)      

CB Richard Ellis Group, Inc., Class A*

    65,728      1,041,789
         
Thrifts & Mortgage Finance (0.1%)      

Hudson City Bancorp, Inc.

    108,573      1,537,394

People’s United Financial, Inc.

    81,742    $ 1,278,445
         
        2,815,839
         

Total Financials

         415,974,037
         
Health Care (6.3%)      
Biotechnology (0.8%)      

Amgen, Inc.*

    239,283      14,299,552

Biogen Idec, Inc.*

    65,704      3,768,782

Celgene Corp.*

    110,921      6,872,665

Cephalon, Inc.*

    17,063      1,156,530

Genzyme Corp.*

    62,464      3,237,509

Gilead Sciences, Inc.*

    216,283      9,836,551
         
        39,171,589
         
Health Care Equipment & Supplies (1.0%)      

Baxter International, Inc.

    143,256      8,337,499

Becton, Dickinson and Co.

    56,129      4,419,036

Boston Scientific Corp.*

    357,125      2,578,443

C.R. Bard, Inc.

    22,399      1,940,201

CareFusion Corp.*

    43,995      1,162,788

DENTSPLY International, Inc.

    37,599      1,310,325

Hospira, Inc.*

    39,870      2,258,635

Intuitive Surgical, Inc.*

    9,185      3,197,574

Medtronic, Inc.

    266,005      11,978,205

St. Jude Medical, Inc.*

    80,178      3,291,307

Stryker Corp.

    68,771      3,935,077

Varian Medical Systems, Inc.*

    30,669      1,696,916

Zimmer Holdings, Inc.*

    50,140      2,968,288
         
        49,074,294
         
Health Care Providers & Services (1.1%)      

Aetna, Inc.

    102,261      3,590,384

AmerisourceBergen Corp.

    66,850      1,933,302

Cardinal Health, Inc.

    85,409      3,077,286

CIGNA Corp.

    64,227      2,349,424

Coventry Health Care, Inc.*

    37,058      916,074

DaVita, Inc.*

    25,532      1,618,729

Express Scripts, Inc.*

    65,356      6,650,626

Humana, Inc.*

    39,798      1,861,352

Laboratory Corp. of America Holdings*

    24,702      1,870,188

McKesson Corp.

    63,351      4,163,428

Medco Health Solutions, Inc.*

    113,467      7,325,429

Patterson Cos., Inc.

    24,164      750,292

Quest Diagnostics, Inc.

    37,647      2,194,444

Tenet Healthcare Corp.*

    110,780      633,662

UnitedHealth Group, Inc.

    277,543      9,067,330

WellPoint, Inc.*

    108,676      6,996,561
         
        54,998,511
         
Life Sciences Tools & Services (0.2%)      

Life Technologies Corp.*

    41,821      2,185,984

Millipore Corp.*

    13,845      1,462,032

PerkinElmer, Inc.

    30,140      720,346

Thermo Fisher Scientific, Inc.*

    96,654      4,971,882

Waters Corp.*

    23,386      1,579,490
         
        10,919,734
         
Pharmaceuticals (3.2%)      

Abbott Laboratories, Inc.

    370,902      19,539,117

Allergan, Inc.

    74,596      4,872,611

Bristol-Myers Squibb Co.

    409,919      10,944,837

Eli Lilly and Co.

    240,571      8,713,482

Forest Laboratories, Inc.*

    73,788      2,313,992

Johnson & Johnson

    659,392      42,992,358

King Pharmaceuticals, Inc.*

    62,601      736,188

Merck & Co., Inc.

    738,603      27,586,822

Mylan, Inc.*

    71,345      1,620,245

 

See Notes to Portfolio of Investments.

28

EQ ADVISORS TRUST

AXA TACTICAL MANAGER 500 PORTFOLIO-II

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Pfizer, Inc.

    1,931,270    $ 33,121,280

Watson Pharmaceuticals, Inc.*

    26,686      1,114,674
         
        153,555,606
         

Total Health Care

         307,719,734
         
Industrials (5.4%)      
Aerospace & Defense (1.5%)      

Boeing Co.

    177,670      12,900,619

General Dynamics Corp.

    93,232      7,197,510

Goodrich Corp.

    28,931      2,040,214

Honeywell International, Inc.

    181,255      8,205,414

ITT Corp.

    42,564      2,281,856

L-3 Communications Holdings, Inc.

    27,107      2,483,815

Lockheed Martin Corp.

    75,717      6,301,169

Northrop Grumman Corp.

    74,390      4,877,752

Precision Castparts Corp.

    34,241      4,338,677

Raytheon Co.

    90,522      5,170,617

Rockwell Collins, Inc.

    38,721      2,423,547

United Technologies Corp.

    225,172      16,574,911
         
        74,796,101
         
Air Freight & Logistics (0.5%)      

C.H. Robinson Worldwide, Inc.

    39,043      2,180,552

Expeditors International of Washington, Inc.

    52,444      1,936,232

FedEx Corp.

    74,236      6,933,642

United Parcel Service, Inc., Class B

    238,643      15,370,996
         
        26,421,422
         
Airlines (0.0%)      

Southwest Airlines Co.

    174,223      2,303,228
         
Building Products (0.0%)      

Masco Corp.

    88,620      1,375,382
         
Commercial Services & Supplies (0.3%)      

Avery Dennison Corp.

    28,310      1,030,767

Cintas Corp.

    33,230      933,431

Iron Mountain, Inc.

    45,083      1,235,274

Pitney Bowes, Inc.

    51,961      1,270,446

R.R. Donnelley & Sons Co.

    50,886      1,086,416

Republic Services, Inc.

    79,331      2,302,186

Stericycle, Inc.*

    18,994      1,035,173

Waste Management, Inc.

    118,580      4,082,709
         
        12,976,402
         
Construction & Engineering (0.1%)      

Fluor Corp.

    41,826      1,945,327

Jacobs Engineering Group, Inc.*

    28,638      1,294,151

Quanta Services, Inc.*

    52,296      1,001,992
         
        4,241,470
         
Electrical Equipment (0.3%)      

Emerson Electric Co.

    181,385      9,130,921

First Solar, Inc.*

    11,751      1,441,260

Rockwell Automation, Inc.

    35,052      1,975,531

Roper Industries, Inc.

    21,386      1,236,966
         
        13,784,678
         
Industrial Conglomerates (1.3%)      

3M Co.

    169,902      14,198,710

General Electric Co.

    2,551,695      46,440,849

Textron, Inc.

    64,781      1,375,301
         
        62,014,860
         
Machinery (0.8%)      

Caterpillar, Inc.

    148,583      9,338,442

Cummins, Inc.

    47,511      2,943,306

Danaher Corp.

    61,590      4,921,657

Deere & Co.

    100,539      5,978,049

Dover Corp.

    45,965    $ 2,148,864

Eaton Corp.

    38,800      2,939,876

Flowserve Corp.

    12,915      1,424,137

Illinois Tool Works, Inc.

    91,003      4,309,902

PACCAR, Inc.

    85,721      3,715,148

Pall Corp.

    29,401      1,190,446

Parker Hannifin Corp.

    37,528      2,429,563

Snap-On, Inc.

    14,890      645,333
         
        41,984,723
         
Professional Services (0.1%)      

Dun & Bradstreet Corp.

    13,108      975,497

Equifax, Inc.

    31,847      1,140,123

Robert Half International, Inc.

    37,293      1,134,826
         
        3,250,446
         
Road & Rail (0.4%)      

CSX Corp.

    92,798      4,723,418

Norfolk Southern Corp.

    86,991      4,861,927

Ryder System, Inc.

    12,403      480,740

Union Pacific Corp.

    119,918      8,789,990
         
        18,856,075
         
Trading Companies & Distributors (0.1%)      

Fastenal Co.

    32,662      1,567,449

W.W. Grainger, Inc.

    14,482      1,565,794
         
        3,133,243
         

Total Industrials

         265,138,030
         
Information Technology (9.8%)      
Communications Equipment (1.3%)      

Cisco Systems, Inc.*

    1,375,931      35,815,484

Harris Corp.

    32,626      1,549,409

JDS Uniphase Corp.*

    56,832      712,105

Juniper Networks, Inc.*

    124,250      3,811,990

Motorola, Inc.*

    548,510      3,850,540

QUALCOMM, Inc.

    401,056      16,840,341

Tellabs, Inc.

    86,240      652,837
         
        63,232,706
         
Computers & Peripherals (3.0%)      

Apple, Inc.*

    216,381      50,834,388

Dell, Inc.*

    409,308      6,143,713

EMC Corp.*

    486,318      8,773,177

Hewlett-Packard Co.

    566,663      30,118,138

International Business Machines Corp.

    313,090      40,153,793

Lexmark International, Inc., Class A*

    17,546      633,060

NetApp, Inc.*

    80,546      2,622,578

QLogic Corp.*

    25,211      511,783

SanDisk Corp.*

    53,449      1,850,939

Teradata Corp.*

    42,051      1,214,853

Western Digital Corp.*

    53,268      2,076,919
         
        144,933,341
         
Electronic Equipment, Instruments & Components (0.3%)      

Agilent Technologies, Inc.*

    84,123      2,892,990

Amphenol Corp., Class A

    42,286      1,784,046

Corning, Inc.

    370,297      7,483,702

FLIR Systems, Inc.*

    37,968      1,070,698

Jabil Circuit, Inc.

    48,204      780,423

Molex, Inc.

    34,783      725,573
         
        14,737,432
         
Internet Software & Services (1.0%)      

Akamai Technologies, Inc.*

    39,805      1,250,275

eBay, Inc.*

    268,107      7,225,484

Google, Inc., Class A*

    57,835      32,793,023

Monster Worldwide, Inc.*

    32,325      536,918

 

See Notes to Portfolio of Investments.

29

EQ ADVISORS TRUST

AXA TACTICAL MANAGER 500 PORTFOLIO-II

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

VeriSign, Inc.*

    44,205    $ 1,149,772

Yahoo!, Inc.*

    282,573      4,670,932
         
        47,626,404
         
IT Services (0.8%)      

Automatic Data Processing, Inc.

    119,353      5,307,628

Cognizant Technology Solutions Corp., Class A*

    69,928      3,564,929

Computer Sciences Corp.*

    37,506      2,043,702

Fidelity National Information Services, Inc.

    79,619      1,866,269

Fiserv, Inc.*

    37,837      1,920,606

Mastercard, Inc., Class A

    22,873      5,809,742

Paychex, Inc.

    76,023      2,333,906

SAIC, Inc.*

    70,225      1,242,983

Total System Services, Inc.

    50,484      790,580

Visa, Inc., Class A

    106,791      9,721,185

Western Union Co.

    167,001      2,832,337
         
        37,433,867
         
Office Electronics (0.0%)      

Xerox Corp.

    328,099      3,198,965
         
Semiconductors & Semiconductor Equipment (1.3%)      

Advanced Micro Devices, Inc.*

    139,224      1,290,607

Altera Corp.

    68,523      1,665,794

Analog Devices, Inc.

    68,239      1,966,648

Applied Materials, Inc.

    323,897      4,366,132

Broadcom Corp., Class A

    104,800      3,477,264

Intel Corp.

    1,322,254      29,433,374

KLA-Tencor Corp.

    39,424      1,218,990

Linear Technology Corp.

    51,190      1,447,653

LSI Corp.*

    163,824      1,002,603

MEMC Electronic Materials, Inc.*

    56,611      867,847

Microchip Technology, Inc.

    41,740      1,175,398

Micron Technology, Inc.*

    207,467      2,155,582

National Semiconductor Corp.

    53,263      769,650

Novellus Systems, Inc.*

    21,050      526,250

NVIDIA Corp.*

    130,396      2,266,283

Teradyne, Inc.*

    38,279      427,576

Texas Instruments, Inc.

    298,937      7,314,988

Xilinx, Inc.

    63,653      1,623,152
         
        62,995,791
         
Software (2.1%)      

Adobe Systems, Inc.*

    126,813      4,485,376

Autodesk, Inc.*

    56,310      1,656,640

BMC Software, Inc.*

    45,321      1,722,198

CA, Inc.

    92,494      2,170,834

Citrix Systems, Inc.*

    42,696      2,026,779

Compuware Corp.*

    59,763      502,009

Electronic Arts, Inc.*

    75,485      1,408,550

Intuit, Inc.*

    74,350      2,553,179

McAfee, Inc.*

    39,047      1,566,956

Microsoft Corp.

    1,830,621      53,582,277

Novell, Inc.*

    90,032      539,292

Oracle Corp.

    938,284      24,104,516

Red Hat, Inc.*

    46,598      1,363,924

Salesforce.com, Inc.*

    26,944      2,005,981

Symantec Corp.*

    191,857      3,246,220
         
        102,934,731
         

Total Information Technology

         477,093,237
         
Materials (1.8%)      
Chemicals (1.0%)      

Air Products & Chemicals, Inc.

    49,939      3,692,989

Airgas, Inc.

    20,407      1,298,293

CF Industries Holdings, Inc.

    12,184    $ 1,110,937

Dow Chemical Co.

    275,238      8,138,788

E.I. du Pont de Nemours & Co.

    214,419      7,984,963

Eastman Chemical Co.

    17,151      1,092,176

Ecolab, Inc.

    58,154      2,555,868

FMC Corp.

    18,090      1,095,169

International Flavors & Fragrances, Inc.

    20,422      973,517

Monsanto Co.

    130,441      9,316,096

PPG Industries, Inc.

    38,951      2,547,395

Praxair, Inc.

    73,844      6,129,052

Sigma-Aldrich Corp.

    30,386      1,630,513
         
        47,565,756
         
Construction Materials (0.0%)      

Vulcan Materials Co.

    30,982      1,463,590
         
Containers & Packaging (0.1%)      

Ball Corp.

    23,675      1,263,771

Bemis Co., Inc.

    27,858      800,082

Owens-Illinois, Inc.*

    41,641      1,479,921

Pactiv Corp.*

    33,629      846,778

Sealed Air Corp.

    40,195      847,311
         
        5,237,863
         
Metals & Mining (0.6%)      

AK Steel Holding Corp.

    24,381      557,350

Alcoa, Inc.

    236,046      3,361,295

Allegheny Technologies, Inc.

    22,714      1,226,329

Cliffs Natural Resources, Inc.

    31,225      2,215,414

Freeport-McMoRan Copper & Gold, Inc.

    103,511      8,647,309

Newmont Mining Corp.

    116,187      5,917,404

Nucor Corp.

    74,216      3,367,922

Titanium Metals Corp.*

    19,517      323,787

United States Steel Corp.

    33,768      2,144,943
         
        27,761,753
         
Paper & Forest Products (0.1%)      

International Paper Co.

    102,174      2,514,502

MeadWestvaco Corp.

    42,660      1,089,963

Weyerhaeuser Co.

    49,300      2,231,811
         
        5,836,276
         

Total Materials

         87,865,238
         
Telecommunication Services (1.5%)      
Diversified Telecommunication Services (1.3%)      

AT&T, Inc.

    1,414,882      36,560,551

CenturyTel, Inc.

    73,090      2,591,771

Frontier Communications Corp.

    66,112      491,873

Qwest Communications International, Inc.

    355,448      1,855,439

Verizon Communications, Inc.

    680,027      21,094,438

Windstream Corp.

    110,289      1,201,047
         
        63,795,119
         
Wireless Telecommunication Services (0.2%)      

American Tower Corp., Class A*

    94,780      4,038,576

MetroPCS Communications, Inc.*

    67,869      480,512

Sprint Nextel Corp.*

    722,241      2,744,516
         
        7,263,604
         

Total Telecommunication Services

         71,058,723
         
Utilities (1.8%)      
Electric Utilities (0.9%)      

Allegheny Energy, Inc.

    43,136      992,128

American Electric Power Co., Inc.

    112,509      3,845,558

 

See Notes to Portfolio of Investments.

30

EQ ADVISORS TRUST

AXA TACTICAL MANAGER 500 PORTFOLIO-II

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Duke Energy Corp.

      308,596    $ 5,036,287

Edison International

      79,795      2,726,595

Entergy Corp.

      45,440      3,696,544

Exelon Corp.

      156,499      6,856,221

FirstEnergy Corp.

      71,612      2,799,313

FPL Group, Inc.

      97,687      4,721,213

Northeast Utilities

      44,320      1,225,005

Pepco Holdings, Inc.

      50,014      857,740

Pinnacle West Capital Corp.

      25,883      976,565

PPL Corp.

      88,266      2,445,851

Progress Energy, Inc.

      65,825      2,590,872

Southern Co.

      191,908      6,363,669
         
        45,133,561
         
Gas Utilities (0.1%)      

EQT Corp.

      32,825      1,345,825

Nicor, Inc.

      10,752      450,724

ONEOK, Inc.

      25,258      1,153,027

Questar Corp.

      43,289      1,870,085
         
        4,819,661
         
Independent Power Producers & Energy Traders (0.1%)      

AES Corp.*

      165,152      1,816,672

Constellation Energy Group, Inc.

      50,129      1,760,029

NRG Energy, Inc.*

      43,970      918,973
         
        4,495,674
         
Multi-Utilities (0.7%)      

Ameren Corp.

      58,925      1,536,764

CenterPoint Energy, Inc.

      97,729      1,403,389

CMS Energy Corp.

      50,808      785,492

Consolidated Edison, Inc.

      65,810      2,931,177

Dominion Resources, Inc.

      141,593      5,820,888

DTE Energy Co.

      40,998      1,828,511

Integrys Energy Group, Inc.

      19,748      935,660

NiSource, Inc.

      70,152      1,108,402

PG&E Corp.

      90,164      3,824,757

Public Service Enterprise Group, Inc.

      119,184      3,518,312

SCANA Corp.

      28,235      1,061,354

Sempra Energy

      60,058      2,996,894

TECO Energy, Inc.

      55,080      875,221

Wisconsin Energy Corp.

      29,305      1,447,960

Xcel Energy, Inc.

      112,297      2,380,696
         
        32,455,477
         

Total Utilities

         86,904,373
         

Total Common Stocks (51.9%)
(Cost $2,303,463,847)

         2,525,810,899
         
     Principal
Amount		    Value
(Note 1)

SHORT-TERM INVESTMENTS:

      
Short-Term Investment (43.6%)      

BlackRock Liquidity Funds TempFund

      

0.11% ‡

    $ 2,116,342,359      2,116,342,359
         
Time Deposit (0.1%)      

JPMorgan Chase Nassau

      

0.000%, 4/1/10

      5,234,619      5,234,619
         

Total Short-Term Investments (43.7%)
(Amortized Cost $2,121,576,978)

         2,121,576,978
         

Total Investments (95.6%)
(Cost/Amortized Cost $4,425,040,825)

         4,647,387,877
Other Assets Less Liabilities (4.4%)         211,573,918
         
Net Assets (100%)       $ 4,858,961,795
         

 

* Non-income producing.

 

‡ Affiliated company as defined under the Investment Company Act of 1940.

 

# All, or a portion of security held by broker as collateral for financial futures contracts, with a total collateral value of $2,351,668.

 

See Notes to Portfolio of Investments.

31

EQ ADVISORS TRUST

AXA TACTICAL MANAGER 500 PORTFOLIO-II

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

Investments in companies which were affiliates for the three months ended March 31, 2010, were as follows:

 

Securities

    Market Value
December 31, 2009		    Purchases
at Cost		    Sales
at Cost		    Market Value
March 31, 2010		    Dividend
Income		    Realized
Gain (Loss)

BlackRock Liquidity Funds TempFund

    $ 2,051,190,283    $ 442,575,789    $ 377,423,713    $ 2,116,342,359    $ 393,242    $ —  
                                         

At March 31, 2010, the Portfolio had the following futures contracts open: (Note 1)

 

     Number of
Contracts		    Expiration
Date		    Original
Value		    Value at
3/31/2010		    Unrealized
Appreciation/
(Depreciation)

Purchase

               

S&P 500 E-Mini Index

    39,334    June-10    $ 2,214,220,010    $ 2,291,598,840    $ 77,378,830
                  

The following is a summary of the inputs used to value the Portfolio’s assets and liabilities carried at fair value as of March 31, 2010:

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, money market securities are valued using amortized cost, in accordance with rules under the Investment Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active market, such securities are reflected as Level 2.

Various inputs are used in determining the value of the Portfolio’s investments. These inputs are summarized in the three broad levels listed below:

 

Investment Type

    Level 1
Quoted prices in active
markets for identical
securities		    Level 2
Significant other
observable inputs
(including quoted prices
for similar securities,
interest rates,
prepayment speeds,
credit risk, etc.)		    Level 3
Significant unobservable
inputs (including the
Portfolio’s own
assumptions in
determining the fair
value of investments)		    Total

Assets:

            

Common Stocks

            

Consumer Discretionary

    $ 254,879,293    $ —      $ —      $ 254,879,293

Consumer Staples

      284,937,078      —        —        284,937,078

Energy

      274,241,156      —        —        274,241,156

Financials

      415,974,037      —        —        415,974,037

Health Care

      307,719,734      —        —        307,719,734

Industrials

      265,138,030      —        —        265,138,030

Information Technology

      477,093,237      —        —        477,093,237

Materials

      87,865,238      —        —        87,865,238

Telecommunication Services

      71,058,723      —        —        71,058,723

Utilities

      86,904,373      —        —        86,904,373

Futures

      77,378,830      —        —        77,378,830

Short-Term Investments

      —        2,121,576,978      —        2,121,576,978
                           

Total Assets

    $ 2,603,189,729    $ 2,121,576,978    $ —      $ 4,724,766,707
                           

Total Liabilities

    $ —      $ —      $ —      $ —  
                           

Total

    $ 2,603,189,729    $ 2,121,576,978    $ —      $ 4,724,766,707
                           

 

See Notes to Portfolio of Investments.

32

EQ ADVISORS TRUST

AXA TACTICAL MANAGER 500 PORTFOLIO-II

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

Investment security transactions for the three months ended March 31, 2010 were as follows:

 

Cost of Purchases:

   

Stocks and long-term corporate debt securities

    $ 42,596,164

Net Proceeds of Sales and Redemptions:

   

Stocks and long-term corporate debt securities

    $ 28,571,764

As of March 31, 2010, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investments for Federal income tax purposes was as follows:

 

Aggregate gross unrealized appreciation

    $ 246,380,049   

Aggregate gross unrealized depreciation

      (27,623,307 ) 
        

Net unrealized appreciation

    $ 218,756,742   
        

Federal income tax cost of investments

    $ 4,428,631,135   
        

 

See Notes to Portfolio of Investments.

33

EQ ADVISORS TRUST

AXA TACTICAL MANAGER 400 PORTFOLIO-I

PORTFOLIO OF INVESTMENTS

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

COMMON STOCKS:

      

Consumer Discretionary (9.3%)

      
Auto Components (0.5%)      

BorgWarner, Inc.*

    1,767    $ 67,464

Gentex Corp.

    2,125      41,268
         
        108,732
         
Automobiles (0.1%)      

Thor Industries, Inc.

    553      16,706
         
Distributors (0.2%)      

LKQ Corp.*

    2,104      42,711
         
Diversified Consumer Services (1.2%)      

Brink’s Home Security Holdings, Inc.*

    680      28,934

Career Education Corp.*

    1,014      32,083

Corinthian Colleges, Inc.*

    1,298      22,832

ITT Educational Services, Inc.*

    454      51,066

Matthews International Corp., Class A

    439      15,584

Regis Corp.

    837      15,635

Service Corp. International

    3,771      34,618

Sotheby’s, Inc.

    1,031      32,054

Strayer Education, Inc.

    214      52,113
         
        284,919
         
Hotels, Restaurants & Leisure (1.4%)      

Bally Technologies, Inc.*

    847      34,337

Bob Evans Farms, Inc.

    440      13,600

Boyd Gaming Corp.*

    783      7,736

Brinker International, Inc.

    1,575      30,366

Burger King Holdings, Inc.

    1,423      30,253

Cheesecake Factory, Inc.*

    933      25,247

Chipotle Mexican Grill, Inc.*

    482      54,307

International Speedway Corp., Class A

    433      11,158

Life Time Fitness, Inc.*

    640      17,984

Panera Bread Co., Class A*

    489      37,404

Scientific Games Corp., Class A*

    943      13,278

Wendy’s/Arby’s Group, Inc., Class A

    5,285      26,425

WMS Industries, Inc.*

    807      33,846
         
        335,941
         
Household Durables (1.1%)      

American Greetings Corp., Class A

    598      12,462

KB Home

    1,143      19,145

M.D.C. Holdings, Inc.

    585      20,247

Mohawk Industries, Inc.*

    839      45,625

NVR, Inc.*

    92      66,838

Ryland Group, Inc.

    683      15,327

Toll Brothers, Inc.*

    2,092      43,514

Tupperware Brands Corp.

    965      46,532
         
        269,690
         
Internet & Catalog Retail (0.2%)      

Netflix, Inc.*

    645      47,562
         
Media (0.5%)      

DreamWorks Animation SKG, Inc., Class A*

    1,127      44,393

Harte-Hanks, Inc.

    540      6,944

John Wiley & Sons, Inc., Class A

    629      27,223

Lamar Advertising Co., Class A*

    820      28,167

Scholastic Corp.

    365      10,220
         
        116,947
         
Multiline Retail (0.5%)      

99 Cents Only Stores*

    718      11,703

Dollar Tree, Inc.*

    1,336      79,118

Saks, Inc.*

    2,463    $ 21,182
         
        112,003
         
Specialty Retail (2.8%)      

Aaron’s, Inc.

    840      28,006

Advance Auto Parts, Inc.

    1,410      59,107

Aeropostale, Inc.*

    1,478      42,611

American Eagle Outfitters, Inc.

    3,164      58,597

AnnTaylor Stores Corp.*

    909      18,816

Barnes & Noble, Inc.

    618      13,361

CarMax, Inc.*

    3,363      84,479

Chico’s FAS, Inc.

    2,718      39,194

Coldwater Creek, Inc.*

    811      5,628

Collective Brands, Inc.*

    988      22,467

Dick’s Sporting Goods, Inc.*

    1,330      34,726

Foot Locker, Inc.

    2,400      36,096

Guess?, Inc.

    889      41,765

J. Crew Group, Inc.*

    854      39,199

PetSmart, Inc.

    1,841      58,838

Rent-A-Center, Inc.*

    1,016      24,028

Williams-Sonoma, Inc.

    1,626      42,748
         
        649,666
         
Textiles, Apparel & Luxury Goods (0.8%)      

Fossil, Inc.*

    732      27,626

Hanesbrands, Inc.*

    1,458      40,562

Phillips-Van Heusen Corp.

    792      45,429

Timberland Co., Class A*

    634      13,529

Under Armour, Inc., Class A*

    587      17,264

Warnaco Group, Inc.*

    702      33,492
         
        177,902
         

Total Consumer Discretionary

         2,162,779
         
Consumer Staples (2.5%)      
Beverages (0.2%)      

Hansen Natural Corp.*

    1,079      46,807
         
Food & Staples Retailing (0.2%)      

BJ’s Wholesale Club, Inc.*

    861      31,848

Ruddick Corp.

    639      20,218
         
        52,066
         
Food Products (1.1%)      

Corn Products International, Inc.

    1,115      38,646

Flowers Foods, Inc.

    1,193      29,515

Green Mountain Coffee Roasters, Inc.*

    532      51,508

Lancaster Colony Corp.

    283      16,686

Ralcorp Holdings, Inc.*

    837      56,732

Smithfield Foods, Inc.*

    2,124      44,052

Tootsie Roll Industries, Inc.

    381      10,287
         
        247,426
         
Household Products (0.6%)      

Church & Dwight Co., Inc.

    1,077      72,105

Energizer Holdings, Inc.*

    1,056      66,275
         
        138,380
         
Personal Products (0.3%)      

Alberto-Culver Co.

    1,263      33,027

NBTY, Inc.*

    965      46,301
         
        79,328
         
Tobacco (0.1%)      

Universal Corp.

    382      20,127
         

Total Consumer Staples

         584,134
         

 

See Notes to Portfolio of Investments.

34

EQ ADVISORS TRUST

AXA TACTICAL MANAGER 400 PORTFOLIO-I

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Energy (3.8%)

      
Energy Equipment & Services (1.4%)      

Atwood Oceanics, Inc.*

    839    $ 29,055

Exterran Holdings, Inc.*

    963      23,276

Helix Energy Solutions Group, Inc.*

    1,431      18,646

Oceaneering International, Inc.*

    818      51,935

Patterson-UTI Energy, Inc.

    2,360      32,969

Pride International, Inc.*

    2,650      79,791

Superior Energy Services, Inc.*

    1,162      24,425

Tidewater, Inc.

    766      36,209

Unit Corp.*

    628      26,552
         
        322,858
         
Oil, Gas & Consumable Fuels (2.4%)      

Arch Coal, Inc.

    2,432      55,571

Bill Barrett Corp.*

    609      18,702

Cimarex Energy Co.

    1,265      75,116

Comstock Resources, Inc.*

    728      23,150

Denbury Resources, Inc.*

    1      18

Forest Oil Corp.*

    1,723      44,488

Frontier Oil Corp.

    1,546      20,871

Mariner Energy, Inc.*

    1,578      23,623

Newfield Exploration Co.*

    2,011      104,672

Overseas Shipholding Group, Inc.

    410      16,084

Patriot Coal Corp.*

    1,165      23,836

Plains Exploration & Production Co.*

    2,109      63,249

Quicksilver Resources, Inc.*

    1,756      24,707

Southern Union Co.

    1,907      48,381
         
        542,468
         

Total Energy

         865,326
         
Financials (12.9%)      
Capital Markets (1.5%)      

Affiliated Managers Group, Inc.*

    647      51,113

Apollo Investment Corp.

    2,622      33,378

Eaton Vance Corp.

    1,753      58,796

Greenhill & Co., Inc.

    302      24,791

Jefferies Group, Inc.

    1,820      43,079

Raymond James Financial, Inc.

    1,475      39,441

SEI Investments Co.

    1,916      42,095

Waddell & Reed Financial, Inc., Class A

    1,292      46,564
         
        339,257
         
Commercial Banks (2.4%)      

Associated Banc-Corp.

    2,567      35,425

BancorpSouth, Inc.

    1,076      22,553

Bank of Hawaii Corp.

    742      33,353

Cathay General Bancorp

    1,208      14,073

City National Corp./California

    640      34,541

Commerce Bancshares, Inc./Missouri

    1,083      44,555

Cullen/Frost Bankers, Inc.

    892      49,774

FirstMerit Corp.

    1,348      29,076

Fulton Financial Corp.

    2,608      26,576

International Bancshares Corp.

    758      17,426

PacWest Bancorp

    448      10,223

Prosperity Bancshares, Inc.

    722      29,602

SVB Financial Group*

    637      29,722

Synovus Financial Corp.

    7,266      23,905

TCF Financial Corp.

    1,817      28,963

Trustmark Corp.

    825      20,155

Valley National Bancorp

    2,265      34,813

Webster Financial Corp.

    1,031      18,032

Westamerica Bancorp

    454      26,173

Wilmington Trust Corp.

    1,330      22,038
         
        550,978
         
Consumer Finance (0.1%)      

AmeriCredit Corp.*

    1,478    $ 35,117
         
Diversified Financial Services (0.2%)      

MSCI, Inc., Class A*

    1,568      56,605
         
Insurance (2.9%)      

American Financial Group, Inc./Ohio

    1,150      32,718

Arthur J. Gallagher & Co.

    1,578      38,740

Brown & Brown, Inc.

    1,741      31,199

Everest Reinsurance Group Ltd.

    895      72,432

Fidelity National Financial, Inc., Class A

    3,429      50,818

First American Corp.

    1,560      52,790

Hanover Insurance Group, Inc.

    773      33,711

HCC Insurance Holdings, Inc.

    1,703      47,003

Horace Mann Educators Corp.

    555      8,358

Mercury General Corp.

    538      23,521

Old Republic International Corp.

    3,576      45,344

Protective Life Corp.

    1,270      27,927

Reinsurance Group of America, Inc.

    1,087      57,089

StanCorp Financial Group, Inc.

    699      33,293

Transatlantic Holdings, Inc.

    973      51,374

Unitrin, Inc.

    731      20,505

W.R. Berkley Corp.

    1,907      49,754
         
        676,576
         
Real Estate Investment Trusts (REITs) (4.6%)      

Alexandria Real Estate Equities, Inc. (REIT)

    679      45,900

AMB Property Corp. (REIT)

    2,252      61,344

BRE Properties, Inc. (REIT)

    854      30,531

Camden Property Trust (REIT)

    987      41,089

Corporate Office Properties Trust/Maryland (REIT)

    900      36,117

Cousins Properties, Inc. (REIT)

    1,457      12,106

Duke Realty Corp. (REIT)

    3,336      41,366

Equity One, Inc. (REIT)

    456      8,614

Essex Property Trust, Inc. (REIT)

    448      40,298

Federal Realty Investment Trust (REIT)

    926      67,422

Highwoods Properties, Inc. (REIT)

    1,086      34,459

Hospitality Properties Trust (REIT)

    1,834      43,924

Liberty Property Trust (REIT)

    1,679      56,985

Macerich Co. (REIT)

    1,453      55,664

Mack-Cali Realty Corp. (REIT)

    1,175      41,419

Nationwide Health Properties, Inc. (REIT)

    1,772      62,286

Omega Healthcare Investors, Inc. (REIT)

    1,351      26,331

Potlatch Corp. (REIT)

    623      21,830

Rayonier, Inc. (REIT)

    1,223      55,561

Realty Income Corp. (REIT)

    1,550      47,570

Regency Centers Corp. (REIT)

    1,251      46,875

Senior Housing Properties Trust (REIT)

    1,957      43,348

SL Green Realty Corp. (REIT)

    1,183      67,750

UDR, Inc. (REIT)

    2,387      42,107

Weingarten Realty Investors (REIT)

    1,547      33,353
         
        1,064,249
         
Real Estate Management & Development (0.2%)      

Jones Lang LaSalle, Inc.

    640      46,649
         
Thrifts & Mortgage Finance (1.0%)      

Astoria Financial Corp.

    1,284      18,618

 

See Notes to Portfolio of Investments.

35

EQ ADVISORS TRUST

AXA TACTICAL MANAGER 400 PORTFOLIO-I

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

First Niagara Financial Group, Inc.

    2,882    $ 40,982

New York Community Bancorp, Inc.

    6,538      108,139

NewAlliance Bancshares, Inc.

    1,662      20,974

Washington Federal, Inc.

    1,735      35,255
         
        223,968
         

Total Financials

         2,993,399
         
Health Care (8.1%)      
Biotechnology (0.9%)      

OSI Pharmaceuticals, Inc.*

    870      51,808

United Therapeutics Corp.*

    734      40,612

Vertex Pharmaceuticals, Inc.*

    3,041      124,286
         
        216,706
         
Health Care Equipment & Supplies (2.6%)      

Beckman Coulter, Inc.

    1,054      66,191

Edwards Lifesciences Corp.*

    861      85,136

Gen-Probe, Inc.*

    757      37,850

Hill-Rom Holdings, Inc.

    970      26,394

Hologic, Inc.*

    3,927      72,807

IDEXX Laboratories, Inc.*

    888      51,104

Immucor, Inc.*

    1,029      23,039

Kinetic Concepts, Inc.*

    947      45,276

Masimo Corp.

    809      21,479

ResMed, Inc.*

    1,135      72,243

STERIS Corp.

    908      30,563

Teleflex, Inc.

    588      37,673

Thoratec Corp.*

    877      29,336
         
        599,091
         
Health Care Providers & Services (2.2%)      

Community Health Systems, Inc.*

    1,392      51,407

Health Management Associates, Inc., Class A*

    3,828      32,921

Health Net, Inc.*

    1,527      37,977

Henry Schein, Inc.*

    1,370      80,693

Kindred Healthcare, Inc.*

    567      10,234

LifePoint Hospitals, Inc.*

    844      31,042

Lincare Holdings, Inc.*

    1,006      45,149

Omnicare, Inc.

    1,791      50,668

Owens & Minor, Inc.

    647      30,014

Psychiatric Solutions, Inc.*

    864      25,747

Universal Health Services, Inc., Class B

    1,481      51,968

VCA Antech, Inc.*

    1,312      36,776

WellCare Health Plans, Inc.*

    654      19,489
         
        504,085
         
Health Care Technology (0.4%)      

Cerner Corp.*

    1,033      87,867
         
Life Sciences Tools & Services (1.2%)      

Affymetrix, Inc.*

    1,132      8,309

Bio-Rad Laboratories, Inc., Class A*

    287      29,710

Charles River Laboratories International, Inc.*

    978      38,445

Covance, Inc.*

    979      60,101

Mettler-Toledo International, Inc.*

    503      54,927

Pharmaceutical Product Development, Inc.

    1,816      43,130

Techne Corp.

    575      36,622

Varian, Inc.*

    423      21,903
         
        293,147
         
Pharmaceuticals (0.8%)      

Endo Pharmaceuticals Holdings, Inc.*

    1,747      41,386

Medicis Pharmaceutical Corp., Class A

    893      22,468

Perrigo Co.

    1,224      71,873

Valeant Pharmaceuticals International*

    991    $ 42,524
         
        178,251
         

Total Health Care

         1,879,147
         
Industrials (9.2%)      
Aerospace & Defense (0.4%)      

Alliant Techsystems, Inc.*

    508      41,300

BE Aerospace, Inc.*

    1,561      47,533
         
        88,833
         
Airlines (0.2%)      

AirTran Holdings, Inc.*

    2,123      10,785

Alaska Air Group, Inc.*

    536      22,099

JetBlue Airways Corp.*

    3,215      17,940
         
        50,824
         
Building Products (0.1%)      

Lennox International, Inc.

    755      33,462
         
Commercial Services & Supplies (1.0%)      

Brink’s Co.

    745      21,031

Clean Harbors, Inc.*

    356      19,779

Copart, Inc.*

    995      35,422

Corrections Corp. of America*

    1,775      35,252

Deluxe Corp.

    796      15,458

Herman Miller, Inc.

    815      14,719

HNI Corp.

    662      17,629

Mine Safety Appliances Co.

    432      12,079

Rollins, Inc.

    627      13,593

Waste Connections, Inc.*

    1,165      39,564
         
        224,526
         
Construction & Engineering (1.0%)      

Aecom Technology Corp.*

    1,697      48,144

Granite Construction, Inc.

    490      14,808

KBR, Inc.

    2,396      53,095

Shaw Group, Inc.*

    1,275      43,885

URS Corp.*

    1,270      63,005
         
        222,937
         
Electrical Equipment (0.9%)      

AMETEK, Inc.

    1,633      67,704

Hubbell, Inc., Class B

    886      44,681

Regal-Beloit Corp.

    575      34,161

Thomas & Betts Corp.*

    777      30,490

Woodward Governor Co.

    840      26,863
         
        203,899
         
Industrial Conglomerates (0.1%)      

Carlisle Cos., Inc.

    927      35,319
         
Machinery (3.5%)      

AGCO Corp.*

    1,379      49,465

Bucyrus International, Inc.

    1,220      80,508

Crane Co.

    689      24,460

Donaldson Co., Inc.

    1,150      51,888

Federal Signal Corp.

    686      6,181

Graco, Inc.

    884      28,288

Harsco Corp.

    1,192      38,072

IDEX Corp.

    1,199      39,687

Joy Global, Inc.

    1,553      87,900

Kennametal, Inc.

    1,252      35,206

Lincoln Electric Holdings, Inc.

    655      35,586

Nordson Corp.

    501      34,028

Oshkosh Corp.*

    1,340      54,056

Pentair, Inc.

    1,462      52,076

SPX Corp.

    763      50,602

Terex Corp.*

    1,654      37,562

 

See Notes to Portfolio of Investments.

36

EQ ADVISORS TRUST

AXA TACTICAL MANAGER 400 PORTFOLIO-I

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Timken Co.

    1,179    $ 35,382

Trinity Industries, Inc.

    1,222      24,391

Valmont Industries, Inc.

    309      25,594

Wabtec Corp.

    735      30,958
         
        821,890
         
Marine (0.2%)      

Alexander & Baldwin, Inc.

    601      19,863

Kirby Corp.*

    830      31,664
         
        51,527
         
Professional Services (0.7%)      

Corporate Executive Board Co.

    495      13,162

FTI Consulting, Inc.*

    712      27,996

Korn/Ferry International*

    663      11,702

Manpower, Inc.

    1,188      67,859

Navigant Consulting, Inc.*

    717      8,697

Towers Watson & Co., Class A

    631      29,972
         
        159,388
         
Road & Rail (0.8%)      

Con-way, Inc.

    760      26,691

J.B. Hunt Transport Services, Inc.

    1,336      47,936

Kansas City Southern*

    1,442      52,157

Landstar System, Inc.

    777      32,618

Werner Enterprises, Inc.

    693      16,057
         
        175,459
         
Trading Companies & Distributors (0.3%)      

GATX Corp.

    719      20,599

MSC Industrial Direct Co., Class A

    654      33,171

United Rentals, Inc.*

    965      9,052
         
        62,822
         

Total Industrials

         2,130,886
         
Information Technology (9.5%)      
Communications Equipment (1.3%)      

3Com Corp.*

    5,860      45,063

ADC Telecommunications, Inc.*

    1,530      11,184

ADTRAN, Inc.

    868      22,872

Ciena Corp.*

    1,427      21,748

CommScope, Inc.*

    1,407      39,424

F5 Networks, Inc.*

    1,208      74,304

Palm, Inc.*

    2,611      9,817

Plantronics, Inc.

    745      23,304

Polycom, Inc.*

    1,289      39,418
         
        287,134
         
Computers & Peripherals (0.3%)      

Diebold, Inc.

    982      31,188

NCR Corp.*

    2,436      33,617
         
        64,805
         
Electronic Equipment, Instruments & Components (1.5%)      

Arrow Electronics, Inc.*

    1,783      53,722

Avnet, Inc.*

    2,290      68,700

Ingram Micro, Inc., Class A*

    2,504      43,945

Itron, Inc.*

    615      44,630

National Instruments Corp.

    857      28,581

Tech Data Corp.*

    781      32,724

Trimble Navigation Ltd.*

    1,801      51,725

Vishay Intertechnology, Inc.*

    2,860      29,258
         
        353,285
         

Internet Software & Services (0.6%)

      

AOL, Inc.*

    1,602      40,498

Digital River, Inc.*

    599      18,150

Equinix, Inc.*

    594      57,820

ValueClick, Inc.*

    1,306      13,243
         
        129,711
         
IT Services (1.7%)      

Acxiom Corp.*

    1,222    $ 21,923

Alliance Data Systems Corp.*

    801      51,256

Broadridge Financial Solutions, Inc.

    2,021      43,209

Convergys Corp.*

    1,898      23,269

DST Systems, Inc.

    595      24,663

Gartner, Inc.*

    933      20,750

Global Payments, Inc.

    1,245      56,710

Hewitt Associates, Inc., Class A*

    1,246      49,566

Lender Processing Services, Inc.

    1,424      53,756

ManTech International Corp., Class A*

    324      15,821

NeuStar, Inc., Class A*

    1,149      28,955

SRA International, Inc., Class A*

    622      12,931
         
        402,809
         
Office Electronics (0.1%)      

Zebra Technologies Corp., Class A*

    865      25,604
         
Semiconductors & Semiconductor Equipment (1.6%)      

Atmel Corp.*

    6,766      34,033

Cree, Inc.*

    1,609      112,984

Fairchild Semiconductor International, Inc.*

    1,925      20,501

Integrated Device Technology, Inc.*

    2,587      15,858

International Rectifier Corp.*

    1,053      24,114

Intersil Corp., Class A

    1,906      28,133

Lam Research Corp.*

    1,930      72,028

RF Micro Devices, Inc.*

    4,141      20,622

Semtech Corp.*

    970      16,907

Silicon Laboratories, Inc.*

    709      33,798
         
        378,978
         
Software (2.4%)      

ACI Worldwide, Inc.*

    486      10,017

Advent Software, Inc.*

    253      11,322

ANSYS, Inc.*

    1,371      59,145

Cadence Design Systems, Inc.*

    4,138      27,559

FactSet Research Systems, Inc.

    641      47,030

Fair Isaac Corp.

    694      17,586

Informatica Corp.*

    1,387      37,255

Jack Henry & Associates, Inc.

    1,306      31,422

Mentor Graphics Corp.*

    1,513      12,134

MICROS Systems, Inc.*

    1,180      38,799

Parametric Technology Corp.*

    1,807      32,616

Quest Software, Inc.*

    984      17,505

Rovi Corp.*

    1,589      59,000

Solera Holdings, Inc.

    1,039      40,157

Sybase, Inc.*

    1,260      58,741

Synopsys, Inc.*

    2,247      50,265
         
        550,553
         

Total Information Technology

         2,192,879
         
Materials (4.3%)      
Chemicals (2.4%)      

Albemarle Corp.

    1,361      58,019

Ashland, Inc.

    1,187      62,638

Cabot Corp.

    1,005      30,552

Cytec Industries, Inc.

    748      34,961

Intrepid Potash, Inc.*

    608      18,441

Lubrizol Corp.

    1,040      95,389

Minerals Technologies, Inc.

    295      15,293

Olin Corp.

    1,217      23,878

RPM International, Inc.

    1,920      40,973

Scotts Miracle-Gro Co., Class A

    700      32,445

Sensient Technologies Corp.

    734      21,330

 

See Notes to Portfolio of Investments.

37

EQ ADVISORS TRUST

AXA TACTICAL MANAGER 400 PORTFOLIO-I

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Terra Industries, Inc.

      1,511    $ 69,143

Valspar Corp.

      1,482      43,689
         
        546,751
         
Construction Materials (0.2%)      

Martin Marietta Materials, Inc.

      676      56,480
         
Containers & Packaging (0.9%)      

AptarGroup, Inc.

      1,005      39,547

Greif, Inc., Class A

      506      27,790

Packaging Corp. of America

      1,530      37,653

Silgan Holdings, Inc.

      418      25,176

Sonoco Products Co.

      1,489      45,846

Temple-Inland, Inc.

      1,644      33,587
         
        209,599
         
Metals & Mining (0.7%)      

Carpenter Technology Corp.

      680      24,888

Commercial Metals Co.

      1,676      25,240

Reliance Steel & Aluminum Co.

      957      47,113

Steel Dynamics, Inc.

      3,261      56,970

Worthington Industries, Inc.

      892      15,423
         
        169,634
         
Paper & Forest Products (0.1%)      

Louisiana-Pacific Corp.*

      1,969      17,820
         

Total Materials

         1,000,284
         

Telecommunication Services (0.4%)

      
Diversified Telecommunication Services (0.1%)      

Cincinnati Bell, Inc.*

      3,863      13,173

tw telecom, Inc.*

      435      7,895
         
        21,068
         
Wireless Telecommunication Services (0.3%)      

Syniverse Holdings, Inc.*

      1,016      19,782

Telephone & Data Systems, Inc.

      1,380      46,713
         
        66,495
         

Total Telecommunication Services

         87,563
         

Utilities (3.7%)

      
Electric Utilities (1.2%)      

Cleco Corp.

      978      25,966

DPL, Inc.

      1,870      50,845

Great Plains Energy, Inc.

      2,134      39,628

Hawaiian Electric Industries, Inc.

      1,467      32,934

IDACORP, Inc.

      773      26,761

NV Energy, Inc.

      3,690      45,498

PNM Resources, Inc.

      1,433      17,956

Westar Energy, Inc.

      1,723      38,423
         
        278,011
         
Gas Utilities (1.2%)      

AGL Resources, Inc.

      1,150      44,447

Atmos Energy Corp.

      1,431      40,884

Energen Corp.

      1,067      49,648

National Fuel Gas Co.

      1,243      62,834

UGI Corp.

      1,613      42,809

WGL Holdings, Inc.

      782      27,096
         
        267,718
         
Independent Power Producers & Energy Traders (0.0%)      

Dynegy, Inc., Class A*

      8,597      10,832
         
Multi-Utilities (1.1%)      

Alliant Energy Corp.

      1,646      54,746

Black Hills Corp.

      124      3,763

MDU Resources Group, Inc.

      2,842      61,330

NSTAR

      1,590      56,318

OGE Energy Corp.

      1,508    $ 58,722

Vectren Corp.

      1,193      29,491
         
        264,370
         
Water Utilities (0.2%)      

Aqua America, Inc.

      2,100      36,897
         

Total Utilities

         857,828
         

Total Common Stocks (63.7%)
(Cost $13,565,676)

         14,754,225
         
     Principal
Amount		    Value
(Note 1)

SHORT-TERM INVESTMENT:

      

Short-Term Investment (33.0%)

      

BlackRock Liquidity Funds TempFund

      

0.11% ‡

      

(Amortized Cost $7,656,317)

    $ 7,656,317      7,656,317
         

Total Investments (96.7%)
(Cost $21,221,993)

         22,410,542

Other Assets Less Liabilities (3.3%)

         762,944
         

Net Assets (100%)

       $ 23,173,486
         

 

* Non-income producing.

 

‡ Affiliated company as defined under the Investment Company Act of 1940.

 

See Notes to Portfolio of Investments.

38

EQ ADVISORS TRUST

AXA TACTICAL MANAGER 400 PORTFOLIO-I

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

Investments in companies which were affiliates for the three months ended March 31, 2010, were as follows:

 

Securities

    Market Value
December 31, 2009		    Purchases
at Cost		    Sales
at Cost		    Market Value
March 31, 2010		    Dividend
Income		    Realized
Gain (Loss)

BlackRock Liquidity Funds TempFund

    $ 3,974,449    $ 8,931,751    $ 5,249,883    $ 7,656,317    $ 1,201    $ —  
                                         

At March 31, 2010, the Portfolio had the following futures contracts open: (Note 1)

 

Purchase

    Number of
Contracts		    Expiration
Date		    Original
Value		    Value at
3/31/2010		    Unrealized
Appreciation/
(Depreciation)

S&P MidCap 400 E-Mini Index

    104    June-10    $ 8,144,979    $ 8,196,240    $ 51,261
                  

The following is a summary of the inputs used to value the Portfolio’s assets and liabilities carried at fair value as of March 31, 2010:

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, money market securities are valued using amortized cost, in accordance with rules under the Investment Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active market, such securities are reflected as Level 2.

Various inputs are used in determining the value of the Portfolio’s investments. These inputs are summarized in the three broad levels listed below:

 

Investment Type

    Level 1
Quoted prices in active
markets for identical
securities		    Level 2
Significant other
observable inputs
(including quoted prices
for similar securities,
interest rates,
prepayment speeds,
credit risk, etc.)		    Level 3
Significant unobservable
inputs (including the
Portfolio’s own
assumptions in
determining the fair
value of investments)		    Total

Assets:

            

Common Stocks

            

Consumer Discretionary

    $ 2,162,779    $ —      $ —      $ 2,162,779

Consumer Staples

      584,134      —        —        584,134

Energy

      865,326      —        —        865,326

Financials

      2,993,399      —        —        2,993,399

Health Care

      1,879,147      —        —        1,879,147

Industrials

      2,130,886      —        —        2,130,886

Information Technology

      2,192,879      —        —        2,192,879

Materials

      1,000,284      —        —        1,000,284

Telecommunication Services

      87,563      —        —        87,563

Utilities

      857,828      —        —        857,828

Futures

      51,261      —        —        51,261

Short-Term Investments

      —        7,656,317      —        7,656,317
                           

Total Assets

    $ 14,805,486    $ 7,656,317    $ —      $ 22,461,803
                           

Total Liabilities

    $ —      $ —      $ —      $ —  
                           

Total

    $ 14,805,486    $ 7,656,317    $ —      $ 22,461,803
                           

Investment security transactions for the three months ended March 31, 2010 were as follows:

 

Cost of Purchases:

   

Stocks and long-term corporate debt securities

    $ 5,329,865

Net Proceeds of Sales and Redemptions:

   

Stocks and long-term corporate debt securities

    $ 361,232

 

See Notes to Portfolio of Investments.

39

EQ ADVISORS TRUST

AXA TACTICAL MANAGER 400 PORTFOLIO-I

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

As of March 31, 2010, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investments for Federal income tax purposes was as follows:

 

Aggregate gross unrealized appreciation

    $ 1,275,481   

Aggregate gross unrealized depreciation

      (87,275 ) 
        

Net unrealized appreciation

    $ 1,188,206   
        

Federal income tax cost of investments

    $ 21,222,336   
        

 

See Notes to Portfolio of Investments.

40

EQ ADVISORS TRUST

AXA TACTICAL MANAGER 400 PORTFOLIO-II

PORTFOLIO OF INVESTMENTS

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

COMMON STOCKS:

      

Consumer Discretionary (7.3%)

      
Auto Components (0.4%)      

BorgWarner, Inc.*

    67,134    $ 2,563,176

Gentex Corp.

    78,502      1,524,509
         
        4,087,685
         
Automobiles (0.0%)      

Thor Industries, Inc.

    20,503      619,396
         
Distributors (0.1%)      

LKQ Corp.*

    81,430      1,653,029
         
Diversified Consumer Services (1.0%)      

Brink’s Home Security Holdings, Inc.*

    26,565      1,130,341

Career Education Corp.*

    40,151      1,270,378

Corinthian Colleges, Inc.*

    49,755      875,190

ITT Educational Services, Inc.*

    17,706      1,991,571

Matthews International Corp., Class A

    17,683      627,746

Regis Corp.

    32,185      601,216

Service Corp. International

    145,982      1,340,115

Sotheby’s, Inc.

    38,747      1,204,644

Strayer Education, Inc.

    8,014      1,951,569
         
        10,992,770
         
Hotels, Restaurants & Leisure (1.1%)      

Bally Technologies, Inc.*

    31,408      1,273,280

Bob Evans Farms, Inc.

    18,185      562,098

Boyd Gaming Corp.*

    32,460      320,705

Brinker International, Inc.

    57,948      1,117,237

Burger King Holdings, Inc.

    52,689      1,120,168

Cheesecake Factory, Inc.*

    34,025      920,717

Chipotle Mexican Grill, Inc.*

    18,155      2,045,524

International Speedway Corp., Class A

    18,089      466,154

Life Time Fitness, Inc.*

    23,344      655,966

Panera Bread Co., Class A*

    18,094      1,384,010

Scientific Games Corp., Class A*

    36,670      516,314

Wendy’s/Arby’s Group, Inc., Class A

    207,304      1,036,520

WMS Industries, Inc.*

    30,120      1,263,233
         
        12,681,926
         
Household Durables (0.9%)      

American Greetings Corp., Class A .

    22,167      461,960

KB Home

    43,044      720,987

M.D.C. Holdings, Inc.

    21,341      738,612

Mohawk Industries, Inc.*

    32,341      1,758,703

NVR, Inc.*

    3,488      2,534,032

Ryland Group, Inc.

    24,781      556,086

Toll Brothers, Inc.*

    79,146      1,646,237

Tupperware Brands Corp.

    36,459      1,758,053
         
        10,174,670
         
Internet & Catalog Retail (0.2%)      

Netflix, Inc.*

    24,750      1,825,065
         
Media (0.4%)      

DreamWorks Animation SKG, Inc., Class A*

    42,936      1,691,249

Harte-Hanks, Inc.

    22,517      289,569

John Wiley & Sons, Inc., Class A

    24,937      1,079,273

Lamar Advertising Co., Class A*

    30,786      1,057,499

Scholastic Corp.

    14,384      402,752
         
        4,520,342
         
Multiline Retail (0.4%)      

99 Cents Only Stores*

    25,238    $ 411,379

Dollar Tree, Inc.*

    50,877      3,012,936

Saks, Inc.*

    90,488      778,197
         
        4,202,512
         
Specialty Retail (2.2%)      

Aaron’s, Inc.

    31,403      1,046,976

Advance Auto Parts, Inc.

    54,350      2,278,352

Aeropostale, Inc.*

    57,196      1,648,961

American Eagle Outfitters, Inc.

    119,778      2,218,288

AnnTaylor Stores Corp.*

    33,203      687,302

Barnes & Noble, Inc.

    22,406      484,418

CarMax, Inc.*

    127,546      3,203,955

Chico’s FAS, Inc.

    101,544      1,464,264

Coldwater Creek, Inc.*

    34,656      240,513

Collective Brands, Inc.*

    36,431      828,441

Dick’s Sporting Goods, Inc.*

    50,796      1,326,284

Foot Locker, Inc.

    89,003      1,338,605

Guess?, Inc.

    33,559      1,576,602

J. Crew Group, Inc.*

    31,942      1,466,138

PetSmart, Inc.

    70,578      2,255,673

Rent-A-Center, Inc.*

    37,366      883,706

Williams-Sonoma, Inc.

    60,304      1,585,392
         
        24,533,870
         
Textiles, Apparel & Luxury Goods (0.6%)      

Fossil, Inc.*

    27,871      1,051,852

Hanesbrands, Inc.*

    54,748      1,523,089

Phillips-Van Heusen Corp.

    29,475      1,690,686

Timberland Co., Class A*

    25,762      549,761

Under Armour, Inc., Class A*

    21,804      641,256

Warnaco Group, Inc.*

    26,057      1,243,179
         
        6,699,823
         

Total Consumer Discretionary

         81,991,088
         

Consumer Staples (2.0%)

      
Beverages (0.1%)      

Hansen Natural Corp.*

    41,116      1,783,612
         
Food & Staples Retailing (0.2%)      

BJ’s Wholesale Club, Inc.*

    31,731      1,173,730

Ruddick Corp.

    22,981      727,119
         
        1,900,849
         
Food Products (0.8%)      

Corn Products International, Inc.

    43,245      1,498,872

Flowers Foods, Inc.

    43,712      1,081,435

Green Mountain Coffee Roasters, Inc.*

    20,146      1,950,536

Lancaster Colony Corp.

    11,296      666,012

Ralcorp Holdings, Inc.*

    32,425      2,197,766

Smithfield Foods, Inc.*

    81,188      1,683,839

Tootsie Roll Industries, Inc.

    16,207      438,084
         
        9,516,544
         
Household Products (0.5%)      

Church & Dwight Co., Inc.

    40,462      2,708,931

Energizer Holdings, Inc.*

    40,139      2,519,124
         
        5,228,055
         
Personal Products (0.3%)      

Alberto-Culver Co.

    48,414      1,266,026

NBTY, Inc.*

    35,694      1,712,598
         
        2,978,624
         

 

See Notes to Portfolio of Investments.

41

EQ ADVISORS TRUST

AXA TACTICAL MANAGER 400 PORTFOLIO-II

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)
Tobacco (0.1%)      

Universal Corp.

    13,948    $ 734,920
         

Total Consumer Staples

         22,142,604
         

Energy (2.9%)

      
Energy Equipment & Services (1.1%)      

Atwood Oceanics, Inc.*

    32,314      1,119,034

Exterran Holdings, Inc.*

    35,588      860,162

Helix Energy Solutions Group, Inc.*.

    53,005      690,655

Oceaneering International, Inc.*

    31,361      1,991,110

Patterson-UTI Energy, Inc.

    88,960      1,242,771

Pride International, Inc.*

    100,642      3,030,331

Superior Energy Services, Inc.*

    45,168      949,431

Tidewater, Inc.

    29,481      1,393,567

Unit Corp.*

    23,334      986,562
         
        12,263,623
         
Oil, Gas & Consumable Fuels (1.8%)      

Arch Coal, Inc.

    93,972      2,147,260

Bill Barrett Corp.*

    21,969      674,668

Cimarex Energy Co.

    48,134      2,858,197

Comstock Resources, Inc.*

    26,638      847,088

Forest Oil Corp.*

    64,767      1,672,284

Frontier Oil Corp.

    59,425      802,238

Mariner Energy, Inc.*

    59,025      883,604

Newfield Exploration Co.*

    76,566      3,985,260

Overseas Shipholding Group, Inc.

    14,827      581,663

Patriot Coal Corp.*

    42,437      868,261

Plains Exploration & Production Co.*

    80,207      2,405,408

Quicksilver Resources, Inc.*

    67,573      950,752

Southern Union Co.

    71,815      1,821,947
         
        20,498,630
         

Total Energy

         32,762,253
         

Financials (10.2%)

      
Capital Markets (1.2%)      

Affiliated Managers Group, Inc.*

    23,976      1,894,104

Apollo Investment Corp.

    100,667      1,281,491

Eaton Vance Corp.

    67,710      2,270,993

Greenhill & Co., Inc.

    11,805      969,072

Jefferies Group, Inc.

    68,805      1,628,614

Raymond James Financial, Inc.

    56,993      1,523,993

SEI Investments Co.

    75,075      1,649,398

Waddell & Reed Financial, Inc., Class A

    48,539      1,749,346
         
        12,967,011
         
Commercial Banks (1.9%)      

Associated Banc-Corp.

    95,908      1,323,530

BancorpSouth, Inc.

    42,573      892,330

Bank of Hawaii Corp.

    27,224      1,223,719

Cathay General Bancorp

    42,421      494,205

City National Corp./California

    24,467      1,320,484

Commerce Bancshares, Inc./Missouri

    42,168      1,734,791

Cullen/Frost Bankers, Inc.

    34,120      1,903,896

First Horizon National Corp.*

    424      5,958

FirstMerit Corp.

    48,600      1,048,302

Fulton Financial Corp.

    102,120      1,040,603

International Bancshares Corp.

    30,278      696,091

PacWest Bancorp

    16,610      379,040

Prosperity Bancshares, Inc.

    26,591      1,090,231

SVB Financial Group*

    23,300      1,087,178

Synovus Financial Corp.

    280,947      924,316

TCF Financial Corp.

    68,664      1,094,504

Trustmark Corp.

    32,718      799,301

Valley National Bancorp

    84,607      1,300,410

Webster Financial Corp.

    38,528    $ 673,855

Westamerica Bancorp.

    16,448      948,227

Wilmington Trust Corp.

    51,041      845,749
         
        20,826,720
         
Consumer Finance (0.1%)      

AmeriCredit Corp.*

    55,501      1,318,704
         
Diversified Financial Services (0.2%)      

MSCI, Inc., Class A*

    59,246      2,138,781
         
Insurance (2.3%)      

American Financial Group, Inc./Ohio

    45,495      1,294,333

Arthur J. Gallagher & Co.

    58,768      1,442,754

Brown & Brown, Inc.

    68,193      1,222,019

Everest Reinsurance Group Ltd.

    34,598      2,800,016

Fidelity National Financial, Inc., Class A

    131,216      1,944,621

First American Corp.

    57,789      1,955,580

Hanover Insurance Group, Inc.

    29,063      1,267,437

HCC Insurance Holdings, Inc.

    64,897      1,791,157

Horace Mann Educators Corp.

    23,141      348,504

Mercury General Corp.

    20,853      911,693

Old Republic International Corp.

    138,955      1,761,949

Protective Life Corp.

    49,638      1,091,540

Reinsurance Group of America, Inc.

    42,096      2,210,882

StanCorp Financial Group, Inc.

    28,140      1,340,308

Transatlantic Holdings, Inc.

    36,998      1,953,494

Unitrin, Inc.

    29,079      815,666

W.R. Berkley Corp.

    76,631      1,999,303
         
        26,151,256
         
Real Estate Investment Trusts (REITs) (3.6%)      

Alexandria Real Estate Equities, Inc. (REIT)

    25,134      1,699,058

AMB Property Corp. (REIT)

    84,805      2,310,088

BRE Properties, Inc. (REIT)

    31,184      1,114,828

Camden Property Trust (REIT)

    36,466      1,518,080

Corporate Office Properties Trust/Maryland (REIT)

    33,774      1,355,351

Cousins Properties, Inc. (REIT)

    57,031      473,924

Duke Realty Corp. (REIT)

    129,254      1,602,750

Equity One, Inc. (REIT)

    19,693      372,001

Essex Property Trust, Inc. (REIT)

    16,555      1,489,122

Federal Realty Investment Trust (REIT)

    35,059      2,552,646

Highwoods Properties, Inc. (REIT)

    41,132      1,305,118

Hospitality Properties Trust (REIT)

    70,790      1,695,420

Liberty Property Trust (REIT)

    64,723      2,196,699

Macerich Co. (REIT)

    56,191      2,152,677

Mack-Cali Realty Corp. (REIT)

    45,280      1,596,120

Nationwide Health Properties, Inc. (REIT)

    65,906      2,316,596

Omega Healthcare Investors, Inc. (REIT)

    48,525      945,752

Potlatch Corp. (REIT)

    22,501      788,435

Rayonier, Inc. (REIT)

    45,220      2,054,345

Realty Income Corp. (REIT)

    59,313      1,820,316

Regency Centers Corp. (REIT)

    46,493      1,742,093

Senior Housing Properties Trust (REIT)

    72,336      1,602,242

SL Green Realty Corp. (REIT)

    44,772      2,564,092

UDR, Inc. (REIT)

    86,997      1,534,627

Weingarten Realty Investors (REIT)

    60,254      1,299,076
         
        40,101,456
         

 

See Notes to Portfolio of Investments.

42

EQ ADVISORS TRUST

AXA TACTICAL MANAGER 400 PORTFOLIO-II

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)
Real Estate Management & Development (0.2%)      

Jones Lang LaSalle, Inc.

    23,964    $ 1,746,736
         
Thrifts & Mortgage Finance (0.7%)      

Astoria Financial Corp.

    47,756      692,462

First Niagara Financial Group, Inc.

    106,877      1,519,791

New York Community Bancorp, Inc.

    250,735      4,147,157

NewAlliance Bancshares, Inc.

    61,931      781,569

Washington Federal, Inc.

    63,661      1,293,592
         
        8,434,571
         

Total Financials

         113,685,235
         

Health Care (6.4%)

      
Biotechnology (0.8%)      

OSI Pharmaceuticals, Inc.*

    33,006      1,965,507

United Therapeutics Corp.*

    27,037      1,495,957

Vertex Pharmaceuticals, Inc.*

    115,182      4,707,489
         
        8,168,953
         
Health Care Equipment & Supplies (2.0%)      

Beckman Coulter, Inc.

    40,010      2,512,628

Edwards Lifesciences Corp.*

    32,612      3,224,675

Gen-Probe, Inc.*

    28,132      1,406,600

Hill-Rom Holdings, Inc.

    36,394      990,281

Hologic, Inc.*

    148,524      2,753,635

IDEXX Laboratories, Inc.*

    33,849      1,948,010

Immucor, Inc.*

    39,760      890,226

Kinetic Concepts, Inc.*

    35,328      1,689,032

Masimo Corp.

    30,092      798,943

ResMed, Inc.*

    43,087      2,742,487

STERIS Corp.

    33,394      1,124,042

Teleflex, Inc.

    23,039      1,476,109

Thoratec Corp.*

    32,919      1,101,140
         
        22,657,808
         
Health Care Providers & Services (1.7%)      

Community Health Systems, Inc.*

    53,101      1,961,020

Health Management Associates, Inc., Class A*

    143,202      1,231,537

Health Net, Inc.*

    59,199      1,472,279

Henry Schein, Inc.*

    52,039      3,065,097

Kindred Healthcare, Inc.*

    22,896      413,273

LifePoint Hospitals, Inc.*

    31,165      1,146,249

Lincare Holdings, Inc.*

    38,821      1,742,286

Omnicare, Inc.

    67,924      1,921,570

Owens & Minor, Inc.

    23,890      1,108,257

Psychiatric Solutions, Inc.*

    32,552      970,050

Universal Health Services, Inc., Class B

    56,037      1,966,338

VCA Antech, Inc.*

    49,293      1,381,683

WellCare Health Plans, Inc.*

    23,922      712,875
         
        19,092,514
         
Health Care Technology (0.3%)      

Cerner Corp.*

    39,180      3,332,651
         
Life Sciences Tools & Services (1.0%)      

Affymetrix, Inc.*

    42,219      309,887

Bio-Rad Laboratories, Inc., Class A*

    11,189      1,158,285

Charles River Laboratories International, Inc.*

    38,089      1,497,279

Covance, Inc.*

    36,586      2,246,015

Mettler-Toledo International, Inc.*

    19,547      2,134,532

Pharmaceutical Product Development, Inc.

    67,193      1,595,834

Techne Corp.

    21,488      1,368,571

Varian, Inc.*

    16,803    $ 870,059
         
        11,180,462
         
Pharmaceuticals (0.6%)      

Endo Pharmaceuticals Holdings, Inc.*

    66,646      1,578,844

Medicis Pharmaceutical Corp., Class A

    34,360      864,497

Perrigo Co.

    46,232      2,714,743

Valeant Pharmaceuticals International*

    38,437      1,649,332
         
        6,807,416
         

Total Health Care

         71,239,804
         

Industrials (7.3%)

      
Aerospace & Defense (0.3%)      

Alliant Techsystems, Inc.*

    18,796      1,528,115

BE Aerospace, Inc.*

    58,413      1,778,676
         
        3,306,791
         
Airlines (0.2%)      

AirTran Holdings, Inc.*

    75,754      384,830

Alaska Air Group, Inc.*

    19,915      821,095

JetBlue Airways Corp.*

    118,384      660,583
         
        1,866,508
         
Building Products (0.1%)      

Lennox International, Inc.

    27,758      1,230,235
         
Commercial Services & Supplies (0.8%)      

Brink’s Co.

    27,063      763,988

Clean Harbors, Inc.*

    13,327      740,448

Copart, Inc.*

    38,879      1,384,092

Corrections Corp. of America*

    65,734      1,305,477

Deluxe Corp.

    29,899      580,639

Herman Miller, Inc.

    32,602      588,792

HNI Corp.

    26,150      696,375

Mine Safety Appliances Co.

    17,698      494,836

Rollins, Inc.

    25,797      559,279

Waste Connections, Inc.*

    44,983      1,527,623
         
        8,641,549
         
Construction & Engineering (0.8%)      

Aecom Technology Corp.*

    64,330      1,825,042

Granite Construction, Inc.

    19,051      575,721

KBR, Inc.

    92,296      2,045,280

Shaw Group, Inc.*

    47,855      1,647,169

URS Corp.*

    48,207      2,391,549
         
        8,484,761
         
Electrical Equipment (0.7%)      

AMETEK, Inc.

    62,079      2,573,795

Hubbell, Inc., Class B

    33,647      1,696,818

Regal-Beloit Corp.

    20,956      1,244,996

Thomas & Betts Corp.*

    29,761      1,167,822

Woodward Governor Co.

    32,831      1,049,936
         
        7,733,367
         
Industrial Conglomerates (0.1%)      

Carlisle Cos., Inc.

    35,385      1,348,168
         
Machinery (2.8%)      

AGCO Corp.*

    52,633      1,887,946

Bucyrus International, Inc.

    46,417      3,063,058

Crane Co.

    27,270      968,085

Donaldson Co., Inc.

    44,383      2,002,561

Federal Signal Corp.

    29,361      264,543

Graco, Inc.

    34,846      1,115,072

Harsco Corp.

    46,357      1,480,642

IDEX Corp.

    46,794      1,548,881

 

See Notes to Portfolio of Investments.

43

EQ ADVISORS TRUST

AXA TACTICAL MANAGER 400 PORTFOLIO-II

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Joy Global, Inc.

    59,295    $ 3,356,097

Kennametal, Inc.

    46,974      1,320,909

Lincoln Electric Holdings, Inc.

    24,587      1,335,812

Nordson Corp.

    19,532      1,326,613

Oshkosh Corp.*

    51,409      2,073,839

Pentair, Inc.

    55,977      1,993,901

SPX Corp.

    28,060      1,860,939

Terex Corp.*

    61,532      1,397,392

Timken Co.

    45,968      1,379,500

Trinity Industries, Inc.

    44,876      895,725

Valmont Industries, Inc.

    11,399      944,179

Wabtec Corp.

    27,134      1,142,884
         
        31,358,578
         
Marine (0.2%)      

Alexander & Baldwin, Inc.

    23,884      789,366

Kirby Corp.*

    31,191      1,189,937
         
        1,979,303
         
Professional Services (0.5%)      

Corporate Executive Board Co.

    19,927      529,859

FTI Consulting, Inc.*

    28,635      1,125,928

Korn/Ferry International*

    25,748      454,452

Manpower, Inc.

    45,146      2,578,740

Navigant Consulting, Inc.*

    28,862      350,096

Towers Watson & Co., Class A

    24,689      1,172,727
         
        6,211,802
         
Road & Rail (0.6%)      

Con-way, Inc.

    27,919      980,515

J.B. Hunt Transport Services, Inc.

    50,029      1,795,041

Kansas City Southern*

    54,774      1,981,176

Landstar System, Inc.

    28,885      1,212,592

Werner Enterprises, Inc.

    24,547      568,754
         
        6,538,078
         
Trading Companies & Distributors (0.2%)      

GATX Corp.

    26,031      745,788

MSC Industrial Direct Co., Class A

    25,474      1,292,041

United Rentals, Inc.*

    35,258      330,720
         
        2,368,549
         

Total Industrials

         81,067,689
         

Information Technology (7.4%)

      
Communications Equipment (1.0%)      

3Com Corp.*

    225,979      1,737,779

ADC Telecommunications, Inc.*

    54,243      396,516

ADTRAN, Inc.

    31,544      831,184

Ciena Corp.*

    53,321      812,612

CommScope, Inc.*

    53,584      1,501,424

F5 Networks, Inc.*

    45,625      2,806,394

Palm, Inc.*

    95,026      357,298

Plantronics, Inc.

    28,473      890,635

Polycom, Inc.*

    47,888      1,464,415
         
        10,798,257
         
Computers & Peripherals (0.2%)      

Diebold, Inc.

    38,292      1,216,154

NCR Corp.*

    90,535      1,249,383
         
        2,465,537
         
Electronic Equipment, Instruments & Components (1.2%)      

Arrow Electronics, Inc.*

    68,387      2,060,500

Avnet, Inc.*

    87,092      2,612,760

Ingram Micro, Inc., Class A*

    94,167      1,652,631

Itron, Inc.*

    22,892      1,661,273

National Instruments Corp.

    33,085      1,103,385

Tech Data Corp.*

    29,032      1,216,441

Trimble Navigation Ltd.*

    69,249      1,988,831

Vishay Intertechnology, Inc.*

    108,196    $ 1,106,845
         
        13,402,666
         
Internet Software & Services (0.4%)      

AOL, Inc.*

    62,119      1,570,368

Digital River, Inc.*

    21,941      664,812

Equinix, Inc.*

    22,512      2,191,318

ValueClick, Inc.*

    50,083      507,842
         
        4,934,340
         
IT Services (1.4%)      

Acxiom Corp.*

    44,610      800,303

Alliance Data Systems Corp.*

    29,946      1,916,245

Broadridge Financial Solutions, Inc.

    78,530      1,678,971

Convergys Corp.*

    69,580      853,051

DST Systems, Inc.

    22,180      919,361

Gartner, Inc.*

    34,949      777,266

Global Payments, Inc.

    46,500      2,118,075

Hewitt Associates, Inc., Class A*

    47,893      1,905,184

Lender Processing Services, Inc.

    55,038      2,077,684

ManTech International Corp., Class A*

    12,936      631,665

NeuStar, Inc., Class A*

    43,087      1,085,792

SRA International, Inc., Class A*

    25,253      525,010
         
        15,288,607
         
Office Electronics (0.1%)      

Zebra Technologies Corp., Class A*

    34,242      1,013,563
         
Semiconductors & Semiconductor Equipment (1.3%)      

Atmel Corp.*

    262,898      1,322,377

Cree, Inc.*

    60,559      4,252,453

Fairchild Semiconductor International, Inc.*

    70,117      746,746

Integrated Device Technology, Inc.*

    93,501      573,161

International Rectifier Corp.*

    41,428      948,701

Intersil Corp., Class A

    69,529      1,026,248

Lam Research Corp.*

    73,326      2,736,526

RF Micro Devices, Inc.*

    152,177      757,842

Semtech Corp.*

    34,715      605,082

Silicon Laboratories, Inc.*

    26,040      1,241,327
         
        14,210,463
         
Software (1.8%)      

ACI Worldwide, Inc.*

    20,043      413,086

Advent Software, Inc.*

    9,207      412,013

ANSYS, Inc.*

    51,221      2,209,674

Cadence Design Systems, Inc.*

    155,120      1,033,099

FactSet Research Systems, Inc.

    23,989      1,760,073

Fair Isaac Corp.

    27,923      707,569

Informatica Corp.*

    50,877      1,366,556

Jack Henry & Associates, Inc.

    49,029      1,179,638

Mentor Graphics Corp.*

    58,802      471,592

MICROS Systems, Inc.*

    46,165      1,517,905

Parametric Technology Corp.*

    66,932      1,208,123

Quest Software, Inc.*

    34,925      621,316

Rovi Corp.*

    59,054      2,192,675

Solera Holdings, Inc.

    40,258      1,555,972

Sybase, Inc.*

    46,602      2,172,585

Synopsys, Inc.*

    83,030      1,857,381
         
        20,679,257
         

Total Information Technology

         82,792,690
         

Materials (3.4%)

      
Chemicals (1.8%)      

Albemarle Corp.

    52,869      2,253,805

Ashland, Inc.

    43,919      2,317,606

Cabot Corp.

    37,551      1,141,550

 

See Notes to Portfolio of Investments.

44

EQ ADVISORS TRUST

AXA TACTICAL MANAGER 400 PORTFOLIO-II

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Cytec Industries, Inc.

      27,786    $ 1,298,718

Intrepid Potash, Inc.*

      23,791      721,581

Lubrizol Corp.

      39,214      3,596,708

Minerals Technologies, Inc.

      10,960      568,166

Olin Corp.

      44,617      875,386

RPM International, Inc.

      73,402      1,566,399

Scotts Miracle-Gro Co., Class A

      26,048      1,207,325

Sensient Technologies Corp.

      28,599      831,087

Terra Industries, Inc.

      57,486      2,630,559

Valspar Corp.

      58,294      1,718,507
         
        20,727,397
         
Construction Materials (0.2%)      

Martin Marietta Materials, Inc.

      25,765      2,152,666
         
Containers & Packaging (0.7%)      

AptarGroup, Inc.

      39,223      1,543,425

Greif, Inc., Class A

      19,822      1,088,624

Packaging Corp. of America

      58,602      1,442,195

Silgan Holdings, Inc.

      15,432      929,470

Sonoco Products Co.

      57,843      1,780,986

Temple-Inland, Inc.

      60,933      1,244,861
         
        8,029,561
         
Metals & Mining (0.6%)      

Carpenter Technology Corp.

      24,876      910,462

Commercial Metals Co.

      65,197      981,867

Reliance Steel & Aluminum Co.

      36,516      1,797,683

Steel Dynamics, Inc.

      124,322      2,171,905

Worthington Industries, Inc.

      34,166      590,730
         
        6,452,647
         
Paper & Forest Products (0.1%)      

Louisiana-Pacific Corp.*

      70,363      636,785
         

Total Materials

         37,999,056
         

Telecommunication Services (0.4%)

      
Diversified Telecommunication Services (0.2%)      

Cincinnati Bell, Inc.*

      119,067      406,018

tw telecom, Inc.*

      87,079      1,580,484
         
        1,986,502
         
Wireless Telecommunication Services (0.2%)      

Syniverse Holdings, Inc.*

      40,078      780,319

Telephone & Data Systems, Inc.

      54,124      1,832,097
         
        2,612,416
         

Total Telecommunication Services

         4,598,918
         

Utilities (2.9%)

      
Electric Utilities (0.9%)      

Cleco Corp.

      35,077      931,294

DPL, Inc.

      68,356      1,858,600

Great Plains Energy, Inc.

      76,841      1,426,938

Hawaiian Electric Industries, Inc.

      53,394      1,198,695

IDACORP, Inc.

      27,748      960,636

NV Energy, Inc.

      133,679      1,648,262

PNM Resources, Inc.

      48,955      613,406

Westar Energy, Inc.

      61,937      1,381,195
         
        10,019,026
         
Gas Utilities (0.9%)      

AGL Resources, Inc.

      44,662      1,726,186

Atmos Energy Corp.

      53,491      1,528,238

Energen Corp.

      41,468      1,929,506

National Fuel Gas Co.

      46,378      2,344,408

UGI Corp.

      63,058      1,673,559

WGL Holdings, Inc.

      28,337      981,877
         
        10,183,774
         
Independent Power Producers & Energy Traders (0.0%)      

Dynegy, Inc., Class A*

      287,372    $ 362,089
         
Multi-Utilities (1.0%)      

Alliant Energy Corp.

      63,186      2,101,566

Black Hills Corp.

      23,269      706,214

MDU Resources Group, Inc.

      107,787      2,326,044

NSTAR

      61,022      2,161,399

OGE Energy Corp.

      55,244      2,151,201

Vectren Corp.

      47,038      1,162,780
         
        10,609,204
         
Water Utilities (0.1%)      

Aqua America, Inc.

      77,322      1,358,547
         

Total Utilities

         32,532,640
         

Total Common Stocks (50.2%)
(Cost $498,158,080)

         560,811,977
         
     Principal
Amount		    Value
(Note 1)

SHORT-TERM INVESTMENTS:

      

Short-Term Investment (45.7%)

      

BlackRock Liquidity Funds TempFund

      

0.11% ‡

    $ 509,543,933      509,543,933
         

Time Deposit (0.1%)

      

JPMorgan Chase Nassau

      

0.000%, 4/1/10

      1,457,100      1,457,100
         

Total Short-Term Investments (45.8%)
(Amortized Cost $511,001,033)

         511,001,033
         

Total Investments (96.0%)
(Cost/Amortized Cost $1,009,159,113)

         1,071,813,010
         

Other Assets Less Liabilities (4.0%)

         44,613,426
         

Net Assets (100%)

       $ 1,116,426,436
         

 

* Non-income producing.

 

‡ Affiliated company as defined under the Investment Company Act of 1940.

 

See Notes to Portfolio of Investments.

45

EQ ADVISORS TRUST

AXA TACTICAL MANAGER 400 PORTFOLIO-II

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

Investments in companies which were affiliates for the three months ended March 31, 2010, were as follows:

 

Securities

    Market Value
December 31, 2009		    Purchases
at Cost		    Sales
at Cost		    Market Value
March 31, 2010		    Dividend
Income		    Realized
Gain (Loss)

BlackRock Liquidity Funds TempFund

    $ 441,334,009    $ 250,076,239    $ 181,866,315    $ 509,543,933    $ 89,015    $ —  
                                         

At March 31, 2010, the Portfolio had the following futures contracts open: (Note 1)

 

     Number of
Contracts		    Expiration
Date		    Original
Value		    Value at
3/31/2010		    Unrealized
Appreciation/
(Depreciation)

Purchases

               

Russell 2000 Mini Index

    2,179    June-10    $ 145,091,937    $ 147,540,090    $ 2,448,153

S&P 500 E-Mini Index

    2,430    June-10      136,815,050      141,571,800      4,756,750

S&P MidCap 400 E-Mini Index

    3,379    June-10      261,316,251      266,298,990      4,982,739
                  
               $ 12,187,642
                  

The following is a summary of the inputs used to value the Portfolio’s assets and liabilities carried at fair value as of March 31, 2010:

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, money market securities are valued using amortized cost, in accordance with rules under the Investment Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active market, such securities are reflected as Level 2.

Various inputs are used in determining the value of the Portfolio’s investments. These inputs are summarized in the three broad levels listed below:

 

Investment Type

    Level 1
Quoted prices in active
markets for identical
securities		    Level 2
Significant other
observable inputs
(including quoted prices
for similar securities,
interest rates,
prepayment speeds,
credit risk, etc.)		    Level 3
Significant unobservable
inputs (including the
Portfolio’s own
assumptions in
determining the fair
value of investments)		    Total

Assets:

            

Common Stocks

            

Consumer Discretionary

    $ 81,991,088    $ —      $ —      $ 81,991,088

Consumer Staples

      22,142,604      —        —        22,142,604

Energy

      32,762,253      —        —        32,762,253

Financials

      113,685,235      —        —        113,685,235

Health Care

      71,239,804      —        —        71,239,804

Industrials

      81,067,689      —        —        81,067,689

Information Technology

      82,792,690      —        —        82,792,690

Materials

      37,999,056      —        —        37,999,056

Telecommunication Services

      4,598,918      —        —        4,598,918

Utilities

      32,532,640      —        —        32,532,640

Futures

      12,187,642      —        —        12,187,642

Short-Term Investments

      —        511,001,033      —        511,001,033
                           

Total Assets

    $ 572,999,619    $ 511,001,033    $ —      $ 1,084,000,652
                           

Total Liabilities

    $ —      $ —      $ —      $ —  
                           

Total

    $ 572,999,619    $ 511,001,033    $ —      $ 1,084,000,652
                           

 

See Notes to Portfolio of Investments.

46

EQ ADVISORS TRUST

AXA TACTICAL MANAGER 400 PORTFOLIO-II

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

Investment security transactions for the three months ended March 31, 2010 were as follows:

 

Cost of Purchases:

   

Stocks and long-term corporate debt securities

    $ 45,409,416

Net Proceeds of Sales and Redemptions:

   

Stocks and long-term corporate debt securities

    $ 152,699,266

As of March 31, 2010, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investments for Federal income tax purposes was as follows:

 

Aggregate gross unrealized appreciation

    $ 68,646,728   

Aggregate gross unrealized depreciation

      (6,476,548 ) 
        

Net unrealized appreciation

    $ 62,170,180   
        

Federal income tax cost of investments

    $ 1,009,642,830   
        

 

See Notes to Portfolio of Investments.

47

EQ ADVISORS TRUST

AXA TACTICAL MANAGER 2000 PORTFOLIO-I

PORTFOLIO OF INVESTMENTS

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

COMMON STOCKS:

      

Consumer Discretionary (10.6%)

      
Auto Components (0.6%)      

American Axle & Manufacturing Holdings, Inc.*

    4,508    $ 44,990

Amerigon, Inc.*

    1,985      20,068

ArvinMeritor, Inc.*

    7,431      99,204

China Automotive Systems, Inc.*

    574      13,265

Cooper Tire & Rubber Co.

    4,661      88,652

Dana Holding Corp.*

    11,147      132,426

Dorman Products, Inc.*

    724      13,749

Drew Industries, Inc.*

    1,365      30,057

Exide Technologies, Inc.*

    4,498      25,864

Fuel Systems Solutions, Inc.*

    1,189      38,001

Hawk Corp., Class A*

    313      6,104

Modine Manufacturing Co.*

    3,572      40,149

Raser Technologies, Inc.*

    7,674      7,674

Spartan Motors, Inc.

    2,208      12,365

Standard Motor Products, Inc.

    1,720      17,062

Stoneridge, Inc.*

    957      9,465

Superior Industries International, Inc.

    2,139      34,395

Tenneco, Inc.*

    4,726      111,770

Wonder Auto Technology, Inc.*

    1,693      17,912
         
        763,172
         
Automobiles (0.0%)      

Winnebago Industries, Inc.*

    2,551      37,270
         
Distributors (0.0%)      

Audiovox Corp., Class A*

    1,075      8,363

Core-Mark Holding Co., Inc.*

    903      27,641
         
        36,004
         
Diversified Consumer Services (0.9%)      

American Public Education, Inc.*

    1,553      72,370

Bridgepoint Education, Inc.*

    1,045      25,686

Capella Education Co.*

    1,223      113,543

ChinaCast Education Corp.*

    3,479      25,431

Coinstar, Inc.*

    2,562      83,265

Corinthian Colleges, Inc.*

    6,271      110,307

CPI Corp.

    590      8,177

Grand Canyon Education, Inc.*

    1,147      29,983

Jackson Hewitt Tax Service, Inc.*

    3,556      7,112

K12, Inc.*

    2,055      45,642

Learning Tree International, Inc.*

    355      4,995

Lincoln Educational Services Corp.*

    941      23,807

Mac-Gray Corp.

    699      7,892

Matthews International Corp., Class A

    2,365      83,957

Nobel Learning Communities, Inc.*

    216      1,693

Pre-Paid Legal Services, Inc.*

    636      24,073

Princeton Review, Inc.*

    681      2,377

Regis Corp.

    4,406      82,304

Sotheby’s, Inc.

    5,524      171,741

Steiner Leisure Ltd.*

    1,096      48,575

Stewart Enterprises, Inc., Class A

    5,899      36,869

Universal Technical Institute, Inc.*

    1,731      39,501
         
        1,049,300
         
Hotels, Restaurants & Leisure (1.9%)      

AFC Enterprises, Inc.*

    1,688      18,112

Ambassadors Group, Inc.

    1,380      15,249

Ameristar Casinos, Inc.

    1,879      34,235

Bally Technologies, Inc.*

    4,505      182,633

Benihana, Inc., Class A*

    1,450      9,425

BJ’s Restaurants, Inc.*

    1,753      40,845

Bluegreen Corp.*

    529      1,730

Bob Evans Farms, Inc.

    2,364    $ 73,071

Buffalo Wild Wings, Inc.*

    1,531      73,656

California Pizza Kitchen, Inc.*

    1,816      30,491

Caribou Coffee Co., Inc.*

    259      1,715

Carrols Restaurant Group, Inc.*

    481      3,271

CEC Entertainment, Inc.*

    1,770      67,419

Cheesecake Factory, Inc.*

    4,700      127,182

Churchill Downs, Inc.

    661      24,788

CKE Restaurants, Inc.

    3,628      40,162

Cracker Barrel Old Country Store, Inc.

    1,920      89,050

Denny’s Corp.*

    6,977      26,792

DineEquity, Inc.*

    1,351      53,405

Domino’s Pizza, Inc.*

    3,218      43,894

Dover Downs Gaming & Entertainment, Inc.

    522      2,067

Einstein Noah Restaurant Group, Inc.*

    225      2,734

Frisch’s Restaurants, Inc.

    36      796

Gaylord Entertainment Co.*

    3,100      90,799

Great Wolf Resorts, Inc.*

    2,581      8,208

Interval Leisure Group, Inc.*

    2,999      43,665

Isle of Capri Casinos, Inc.*

    1,254      9,756

Jack in the Box, Inc.*

    4,534      106,776

Krispy Kreme Doughnuts, Inc.*

    4,065      16,341

Lakes Entertainment, Inc.*

    745      1,713

Landry’s Restaurants, Inc.*

    480      8,602

Life Time Fitness, Inc.*

    3,172      89,133

Luby’s, Inc.*

    918      3,617

Marcus Corp.

    1,347      17,498

McCormick & Schmick’s Seafood Restaurants, Inc.*

    932      9,385

Monarch Casino & Resort, Inc.*

    439      3,749

Morgans Hotel Group Co.*

    2,159      13,839

Multimedia Games, Inc.*

    1,650      6,435

O’Charleys, Inc.*

    1,690      15,109

Orient-Express Hotels Ltd., Class A*

    7,157      101,486

P.F. Chang’s China Bistro, Inc.*

    2,015      88,922

Papa John’s International, Inc.*

    1,615      41,522

Peet’s Coffee & Tea, Inc.*

    1,019      40,403

Pinnacle Entertainment, Inc.*

    5,127      49,937

Red Lion Hotels Corp.*

    1,502      10,844

Red Robin Gourmet Burgers, Inc.*

    1,418      34,656

Ruby Tuesday, Inc.*

    5,012      52,977

Ruth’s Hospitality Group, Inc.*

    2,665      14,124

Shuffle Master, Inc.*

    4,683      38,354

Sonic Corp.*

    5,251      58,024

Speedway Motorsports, Inc.

    859      13,409

Steak n Shake Co.*

    111      42,321

Texas Roadhouse, Inc.*

    4,352      60,449

Town Sports International Holdings, Inc.*

    917      3,585

Universal Travel Group*

    841      8,334

Vail Resorts, Inc.*

    2,483      99,543

Youbet.com, Inc.*

    1,809      5,318
         
        2,171,555
         
Household Durables (1.0%)      

American Greetings Corp., Class A

    3,322      69,230

Beazer Homes USA, Inc.*

    5,601      25,429

Blyth, Inc.

    432      13,500

Brookfield Homes Corp.*

    537      4,693

Cavco Industries, Inc.*

    442      15,090

CSS Industries, Inc.

    429      8,623

Ethan Allen Interiors, Inc.

    2,165      44,664

 

See Notes to Portfolio of Investments.

48

EQ ADVISORS TRUST

AXA TACTICAL MANAGER 2000 PORTFOLIO-I

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Furniture Brands International, Inc.*

    2,970    $ 19,097

Helen of Troy Ltd.*

    2,547      66,375

Hooker Furniture Corp.

    640      10,291

Hovnanian Enterprises, Inc., Class A*

    4,192      18,235

iRobot Corp.*

    1,770      26,833

La-Z-Boy, Inc.*

    4,361      54,687

M/I Homes, Inc.*

    1,660      24,319

Meritage Homes Corp.*

    2,613      54,873

National Presto Industries, Inc.

    423      50,299

NIVS IntelliMedia Technology Group, Inc.*

    1,791      6,877

Ryland Group, Inc.

    3,310      74,276

Sealy Corp.*

    4,365      15,278

Skyline Corp.

    746      13,876

Standard Pacific Corp.*

    8,796      39,758

Stanley Furniture Co., Inc.*

    590      5,994

Tempur-Pedic International, Inc.*

    6,163      185,876

Tupperware Brands Corp.

    5,041      243,077

Universal Electronics, Inc.*

    1,275      28,484
         
        1,119,734
         
Internet & Catalog Retail (0.3%)      

1-800-FLOWERS.COM, Inc., Class A*

    2,695      6,764

Blue Nile, Inc.*

    1,088      59,862

Drugstore.Com, Inc.*

    6,715      23,973

Gaiam, Inc., Class A

    981      8,142

HSN, Inc.*

    3,131      92,177

NutriSystem, Inc.

    2,623      46,716

Orbitz Worldwide, Inc.*

    2,586      18,386

Overstock.com, Inc.*

    1,084      17,615

PetMed Express, Inc.

    2,083      46,180

Shutterfly, Inc.*

    1,802      43,410

U.S. Auto Parts Network, Inc.*

    456      3,429

Vitacost.com, Inc.*

    1,098      13,231
         
        379,885
         
Leisure Equipment & Products (0.6%)      

Brunswick Corp.

    6,992      111,662

Callaway Golf Co.

    5,639      49,736

Eastman Kodak Co.*

    22,120      128,075

JAKKS Pacific, Inc.*

    2,520      32,886

Leapfrog Enterprises, Inc.*

    2,674      17,515

Marine Products Corp.*

    457      2,742

Polaris Industries, Inc.

    2,558      130,867

Pool Corp.

    4,099      92,801

RC2 Corp.*

    1,534      22,964

Smith & Wesson Holding Corp.*

    5,413      20,461

Sport Supply Group, Inc.

    489      6,572

Steinway Musical Instruments, Inc.* .

    474      8,926

Sturm Ruger & Co., Inc.

    1,843      22,098
         
        647,305
         
Media (0.8%)      

Arbitron, Inc.

    2,265      60,385

Ascent Media Corp., Class A*

    1,086      29,593

Belo Corp., Class A

    7,268      49,568

Carmike Cinemas, Inc.*

    1,009      13,995

Cinemark Holdings, Inc.

    2,383      43,704

CKX, Inc.*

    4,212      25,819

Crown Media Holdings, Inc., Class A*

    300      576

Dolan Media Co.*

    2,224      24,175

EW Scripps Co., Class A*

    2,098      17,728

Fisher Communications, Inc.*

    336      4,738

Global Sources Ltd.*

    703      4,576

Harte-Hanks, Inc.

    2,810      36,137

Journal Communications, Inc., Class A*

    2,730    $ 11,466

Knology, Inc.*

    2,196      29,514

LIN TV Corp., Class A*

    2,629      15,117

Live Nation Entertainment, Inc.*

    11,448      165,996

LodgeNet Interactive Corp.*

    2,007      13,989

Martha Stewart Living Omnimedia, Inc., Class A*

    2,603      14,525

Mediacom Communications Corp., Class A*

    3,305      19,665

National CineMedia, Inc.

    3,242      55,957

Outdoor Channel Holdings, Inc.*

    733      4,830

Playboy Enterprises, Inc., Class B*

    2,418      8,850

PRIMEDIA, Inc.

    1,017      3,498

RCN Corp.*

    2,732      41,199

Reading International, Inc., Class A*

    2,172      9,274

Rentrak Corp.*

    667      14,374

Scholastic Corp.

    1,972      55,216

Sinclair Broadcast Group, Inc., Class A*

    3,958      20,107

Valassis Communications, Inc.*

    3,979      110,736

World Wrestling Entertainment, Inc., Class A

    2,017      34,894
         
        940,201
         
Multiline Retail (0.3%)      

99 Cents Only Stores*

    3,590      58,517

Dillard’s, Inc., Class A

    4,013      94,707

Fred’s, Inc., Class A

    3,558      42,625

Retail Ventures, Inc.*

    1,767      16,804

Saks, Inc.*

    10,549      90,721

Tuesday Morning Corp.*

    2,813      18,538
         
        321,912
         

Specialty Retail (2.5%)

      

America’s Car-Mart, Inc.*

    694      16,739

AnnTaylor Stores Corp.*

    4,860      100,602

Asbury Automotive Group, Inc.*

    2,829      37,626

bebe Stores, Inc.

    1,620      14,418

Big 5 Sporting Goods Corp.

    1,936      29,466

Books-A-Million, Inc.

    801      5,799

Borders Group, Inc.*

    4,904      8,435

Brown Shoe Co., Inc.

    3,535      54,722

Buckle, Inc.

    2,156      79,255

Build-A-Bear Workshop, Inc.*

    1,429      10,175

Cabela’s, Inc.*

    3,403      59,519

Cato Corp., Class A

    2,067      44,317

Charming Shoppes, Inc.*

    9,009      49,189

Children’s Place Retail Stores, Inc.* .

    1,864      83,041

Christopher & Banks Corp.

    2,596      20,768

Citi Trends, Inc.*

    1,277      41,426

Coldwater Creek, Inc.*

    4,984      34,589

Collective Brands, Inc.*

    5,102      116,020

Conn’s, Inc.*

    1,133      8,871

Destination Maternity Corp.*

    281      7,211

Dress Barn, Inc.*

    4,927      128,890

DSW, Inc., Class A*

    1,087      27,751

Finish Line, Inc., Class A

    3,603      58,801

Genesco, Inc.*

    1,729      53,616

Group 1 Automotive, Inc.*

    2,042      65,058

Gymboree Corp.*

    2,435      125,719

Haverty Furniture Cos., Inc.

    1,198      19,551

hhgregg, Inc.*

    900      22,716

Hibbett Sports, Inc.*

    2,476      63,336

HOT Topic, Inc.*

    4,003      26,020

J. Crew Group, Inc.*

    4,033      185,115

 

See Notes to Portfolio of Investments.

49

EQ ADVISORS TRUST

AXA TACTICAL MANAGER 2000 PORTFOLIO-I

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Jo-Ann Stores, Inc.*

    2,229    $ 93,573

JoS. A. Bank Clothiers, Inc.*

    1,403      76,674

Kirkland’s, Inc.*

    1,138      23,898

Lithia Motors, Inc., Class A*

    2,034      13,018

Lumber Liquidators Holdings, Inc.* .

    1,059      28,244

Men’s Wearhouse, Inc.

    4,370      104,618

Midas, Inc.*

    1,430      16,130

Monro Muffler Brake, Inc.

    1,469      52,531

New York & Co., Inc.*

    1,439      6,893

OfficeMax, Inc.*

    6,334      104,004

Pacific Sunwear of California, Inc.*

    5,796      30,777

PEP Boys-Manny, Moe & Jack

    3,661      36,793

Pier 1 Imports, Inc.*

    9,714      61,878

Rent-A-Center, Inc.*

    5,522      130,595

REX Stores Corp.*

    667      10,805

Rue21, Inc.*

    448      15,532

Sally Beauty Holdings, Inc.*

    7,241      64,590

Shoe Carnival, Inc.*

    676      15,453

Sonic Automotive, Inc., Class A*

    2,283      25,113

Stage Stores, Inc.

    2,869      44,154

Stein Mart, Inc.*

    1,803      16,281

Syms Corp.*

    255      2,540

Systemax, Inc.

    689      14,979

Talbots, Inc.*

    2,153      27,903

Tractor Supply Co.

    2,828      164,165

Ulta Salon Cosmetics & Fragrance, Inc.*

    2,109      47,706

Vitamin Shoppe, Inc.*

    591      13,268

West Marine, Inc.*

    1,464      15,884

Wet Seal, Inc., Class A*

    8,482      40,374

Zale Corp.*

    2,899      7,943

Zumiez, Inc.*

    1,784      36,554
         
        2,941,631
         
Textiles, Apparel & Luxury Goods (1.7%)      

American Apparel, Inc.*

    1,822      5,521

Carter’s, Inc.*

    4,697      141,615

Cherokee, Inc.

    820      14,760

Columbia Sportswear Co.

    850      44,651

Crocs, Inc.*

    7,073      62,030

Deckers Outdoor Corp.*

    1,086      149,868

Fossil, Inc.*

    3,719      140,355

Fuqi International, Inc.*

    1,131      12,328

G-III Apparel Group Ltd.*

    1,082      29,820

Iconix Brand Group, Inc.*

    5,586      85,801

Jones Apparel Group, Inc.

    6,810      129,526

Kenneth Cole Productions, Inc., Class A*

    874      11,196

K-Swiss, Inc., Class A*

    1,816      18,995

Liz Claiborne, Inc.*

    8,038      59,722

Lululemon Athletica, Inc.*

    3,218      133,547

Maidenform Brands, Inc.*

    1,678      36,664

Movado Group, Inc.*

    1,522      17,168

Oxford Industries, Inc.

    904      18,378

Perry Ellis International, Inc.*

    867      19,638

Quiksilver, Inc.*

    9,821      46,453

Skechers U.S.A., Inc., Class A*

    2,761      100,280

Steven Madden Ltd.*

    1,333      65,050

Timberland Co., Class A*

    3,365      71,809

True Religion Apparel, Inc.*

    2,137      64,879

Under Armour, Inc., Class A*

    2,804      82,466

Unifi, Inc.*

    3,013      10,967

UniFirst Corp.

    1,222      62,933

Volcom, Inc.*

    1,333      26,020

Warnaco Group, Inc.*

    3,792      180,916

Weyco Group, Inc.

    399      9,385

Wolverine World Wide, Inc.

    3,866    $ 112,733
         
        1,965,474
         

Total Consumer Discretionary

         12,373,443
         

Consumer Staples (2.3%)

      
Beverages (0.1%)      

Boston Beer Co., Inc., Class A*

    784      40,972

Coca-Cola Bottling Co. Consolidated

    328      19,240

Heckmann Corp.*

    6,674      38,709

National Beverage Corp.

    582      6,472
         
        105,393
         
Food & Staples Retailing (0.6%)      

Andersons, Inc.

    1,565      52,396

Arden Group, Inc., Class A

    56      5,952

Casey’s General Stores, Inc.

    4,202      131,943

Diedrich Coffee, Inc.*

    163      5,672

Great Atlantic & Pacific Tea Co., Inc.*

    3,058      23,455

Ingles Markets, Inc., Class A

    1,288      19,359

Nash Finch Co.

    1,144      38,496

Pantry, Inc.*

    2,070      25,854

Pricesmart, Inc.

    1,116      25,947

Ruddick Corp.

    3,611      114,252

Spartan Stores, Inc.

    2,083      30,037

Susser Holdings Corp.*

    405      3,422

United Natural Foods, Inc.*

    3,365      94,657

Village Super Market, Inc., Class A

    528      14,800

Weis Markets, Inc.

    784      28,506

Winn-Dixie Stores, Inc.*

    4,463      55,743
         
        670,491
         
Food Products (1.0%)      

AgFeed Industries, Inc.*

    3,086      13,548

Alico, Inc.

    205      5,176

American Dairy, Inc.*

    907      17,369

American Italian Pasta Co., Class A*

    1,793      69,694

B&G Foods, Inc., Class A

    3,501      36,690

Calavo Growers, Inc.

    1,054      19,225

Cal-Maine Foods, Inc.

    990      33,551

Chiquita Brands International, Inc.*

    3,776      59,396

Darling International, Inc.*

    6,327      56,690

Diamond Foods, Inc.

    1,670      70,207

Dole Food Co., Inc.*

    2,598      30,786

Farmer Bros Co.

    361      6,765

Fresh Del Monte Produce, Inc.*

    3,148      63,747

Griffin Land & Nurseries, Inc.

    222      6,449

Hain Celestial Group, Inc.*

    3,514      60,968

Harbinger Group, Inc.*

    295      1,997

HQ Sustainable Maritime Industries, Inc.*

    1,264      7,584

Imperial Sugar Co.

    1,150      17,836

J&J Snack Foods Corp.

    1,063      46,209

Lancaster Colony Corp.

    1,625      95,810

Lance, Inc.

    2,086      48,249

Lifeway Foods, Inc.*

    226      2,683

Omega Protein Corp.*

    1,797      10,333

Overhill Farms, Inc.*

    847      4,938

Sanderson Farms, Inc.

    1,724      92,424

Seneca Foods Corp., Class A*

    887      25,829

Smart Balance, Inc.*

    5,544      35,925

Synutra International, Inc.*

    1,334      30,162

Tootsie Roll Industries, Inc.

    1,882      50,858

TreeHouse Foods, Inc.*

    2,716      119,151

Zhongpin, Inc.*

    2,158      27,407
         
        1,167,656
         

 

See Notes to Portfolio of Investments.

50

EQ ADVISORS TRUST

AXA TACTICAL MANAGER 2000 PORTFOLIO-I

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)
Household Products (0.1%)      

Cellu Tissue Holdings, Inc.*

    809    $ 8,074

Central Garden & Pet Co., Class A*

    4,505      41,266

Oil-Dri Corp. of America

    636      12,294

Orchids Paper Products Co.*

    643      10,577

WD-40 Co.

    1,466      48,129
         
        120,340
         
Personal Products (0.3%)      

American Oriental Bioengineering, Inc.*

    5,597      22,836

China Sky One Medical, Inc.*

    1,003      15,757

China-Biotics, Inc.*

    1,111      19,898

Elizabeth Arden, Inc.*

    2,119      38,142

Female Health Co.

    1,669      11,967

Inter Parfums, Inc.

    934      13,842

Mannatech, Inc.

    1,036      3,460

Medifast, Inc.*

    1,157      29,075

Nu Skin Enterprises, Inc., Class A

    4,134      120,299

Nutraceutical International Corp.*

    658      9,831

Prestige Brands Holdings, Inc.*

    3,123      28,107

Revlon, Inc., Class A*

    1,434      21,295

Schiff Nutrition International, Inc.

    1,257      10,282

USANA Health Sciences, Inc.*

    405      12,721
         
        357,512
         

Tobacco (0.2%)

      

Alliance One International, Inc.*

    7,661      38,995

Star Scientific, Inc.*

    5,539      14,125

Universal Corp.

    2,102      110,754

Vector Group Ltd.

    3,419      52,755
         
        216,629
         

Total Consumer Staples

         2,638,021
         
Energy (3.5%)      
Energy Equipment & Services (1.1%)      

Allis-Chalmers Energy, Inc.*

    4,208      14,896

Basic Energy Services, Inc.*

    2,122      16,361

Bolt Technology Corp.*

    957      10,824

Boots & Coots, Inc.*

    5,081      12,347

Bristow Group, Inc.*

    2,824      106,550

Bronco Drilling Co., Inc.*

    2,419      11,369

Cal Dive International, Inc.*

    3,253      23,844

CARBO Ceramics, Inc.

    1,507      93,946

Complete Production Services, Inc.*

    4,565      52,726

Dawson Geophysical Co.*

    745      21,784

Dril-Quip, Inc.*

    2,422      147,354

ENGlobal Corp.*

    1,089      3,017

Geokinetics, Inc.*

    951      6,857

Global Industries Ltd.*

    8,482      54,454

Gulf Island Fabrication, Inc.

    841      18,292

Gulfmark Offshore, Inc., Class A*

    1,725      45,799

Hercules Offshore, Inc.*

    9,879      42,578

Hornbeck Offshore Services, Inc.*

    2,030      37,697

ION Geophysical Corp.*

    8,133      40,014

Key Energy Services, Inc.*

    10,351      98,852

Lufkin Industries, Inc.

    1,250      98,938

Matrix Service Co.*

    1,869      20,110

Natural Gas Services Group, Inc.*

    1,162      18,441

Newpark Resources, Inc.*

    6,704      35,196

OYO Geospace Corp.*

    273      13,052

Parker Drilling Co.*

    8,916      43,956

PHI, Inc.*

    928      19,655

Pioneer Drilling Co.*

    4,116      28,977

RPC, Inc.

    2,004      22,305

Sulphco, Inc.*

    2,972      862

Superior Well Services, Inc.*

    1,602      21,435

T-3 Energy Services, Inc.*

    916    $ 22,497

TETRA Technologies, Inc.*

    5,868      71,707

TGC Industries, Inc.*

    931      3,761

Union Drilling, Inc.*

    457      2,815

Vantage Drilling Co.*

    4,615      6,830

Willbros Group, Inc.*

    3,041      36,522
         
        1,326,620
         
Oil, Gas & Consumable Fuels (2.4%)      

Alon USA Energy, Inc.

    291      2,110

Apco Oil and Gas International, Inc.

    613      16,588

Approach Resources, Inc.*

    559      5,076

Arena Resources, Inc.*

    3,029      101,169

Atlas Energy, Inc.*

    5,390      167,737

ATP Oil & Gas Corp.*

    3,358      63,164

Berry Petroleum Co., Class A

    4,009      112,893

Bill Barrett Corp.*

    3,255      99,961

BPZ Resources, Inc.*

    7,247      53,265

Brigham Exploration Co.*

    8,190      130,631

Carrizo Oil & Gas, Inc.*

    2,390      54,851

Cheniere Energy, Inc.*

    5,441      16,813

Clayton Williams Energy, Inc.*

    409      14,307

Clean Energy Fuels Corp.*

    3,020      68,796

Cloud Peak Energy, Inc.*

    2,684      44,662

Contango Oil & Gas Co.*

    912      46,649

CREDO Petroleum Corp.*

    261      2,581

Crosstex Energy, Inc.*

    3,577      31,084

Cubic Energy, Inc.*

    3,170      3,360

CVR Energy, Inc.*

    1,587      13,886

Delek U.S. Holdings, Inc.

    1,221      8,889

Delta Petroleum Corp.*

    16,283      22,959

DHT Holdings, Inc.

    4,791      18,781

Endeavour International Corp.*

    11,324      14,381

Evergreen Energy, Inc.*

    3,812      686

FX Energy, Inc.*

    4,415      15,143

General Maritime Corp.

    4,395      31,600

GeoResources, Inc.*

    502      7,666

GMX Resources, Inc.*

    2,828      23,246

Golar LNG Ltd.*

    2,349      27,483

Goodrich Petroleum Corp.*

    2,163      33,829

Gran Tierra Energy, Inc.*

    16,179      95,456

Green Plains Renewable Energy, Inc.*

    766      10,931

Gulfport Energy Corp.*

    1,873      21,053

Harvest Natural Resources, Inc.*

    2,323      17,492

International Coal Group, Inc.*

    9,041      41,317

Isramco, Inc.*

    50      3,278

James River Coal Co.*

    2,394      38,065

Knightsbridge Tankers Ltd.

    1,627      27,561

McMoRan Exploration Co.*

    6,417      93,881

Nordic American Tanker Shipping Ltd.

    3,935      119,112

Northern Oil and Gas, Inc.*

    2,710      42,954

Oilsands Quest, Inc.*

    9,015      6,664

Panhandle Oil and Gas, Inc., Class A

    570      13,469

Patriot Coal Corp.*

    6,101      124,826

Penn Virginia Corp.

    3,829      93,811

Petroleum Development Corp.*

    1,701      39,412

PetroQuest Energy, Inc.*

    4,663      23,455

Rex Energy Corp.*

    2,632      29,979

Rosetta Resources, Inc.*

    4,364      102,772

Ship Finance International Ltd.

    3,394      60,277

Stone Energy Corp.*

    3,530      62,658

Swift Energy Co.*

    3,153      96,923

Syntroleum Corp.*

    4,829      10,237

Teekay Tankers Ltd., Class A

    1,170      14,707

Toreador Resources Corp.*

    2,058      16,834

 

See Notes to Portfolio of Investments.

51

EQ ADVISORS TRUST

AXA TACTICAL MANAGER 2000 PORTFOLIO-I

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Uranerz Energy Corp.*

    3,028    $ 5,632

Uranium Energy Corp.*

    3,934      12,667

USEC, Inc.*

    8,571      49,455

VAALCO Energy, Inc.*

    4,199      20,743

Venoco, Inc.*

    1,269      16,281

W&T Offshore, Inc.

    2,506      21,050

Warren Resources, Inc.*

    6,849      17,259

Western Refining, Inc.*

    2,786      15,323

Westmoreland Coal Co.*

    1,049      13,238

World Fuel Services Corp.

    4,915      130,936

Zion Oil & Gas, Inc.*

    1,599      9,898
         
        2,773,852
         

Total Energy

         4,100,472
         
Financials (15.0%)      
Capital Markets (1.8%)      

Allied Capital Corp.*

    13,922      69,192

American Capital Ltd.*

    22,407      113,828

Apollo Investment Corp.

    14,100      179,493

Ares Capital Corp.

    10,432      154,811

Artio Global Investors, Inc.

    2,389      59,104

BGC Partners, Inc., Class A

    3,281      20,047

BlackRock Kelso Capital Corp.

    721      7,181

Broadpoint Gleacher Securities, Inc.*

    4,483      17,932

Calamos Asset Management, Inc., Class A

    1,786      25,611

Capital Southwest Corp.

    286      25,992

Cohen & Steers, Inc.

    1,261      31,475

Cowen Group, Inc., Class A*

    1,299      7,352

Diamond Hill Investment Group, Inc.

    234      16,052

Duff & Phelps Corp., Class A

    1,150      19,251

E*TRADE Financial Corp.*

    125,453      206,997

Epoch Holding Corp.

    796      8,987

Evercore Partners, Inc., Class A

    1,092      32,760

FBR Capital Markets Corp.*

    2,070      9,418

Fifth Street Finance Corp.

    3,519      40,856

GAMCO Investors, Inc., Class A

    504      22,932

GFI Group, Inc.

    4,810      27,802

Gladstone Capital Corp.

    1,998      23,576

Gladstone Investment Corp.

    2,321      13,880

Harris & Harris Group, Inc.*

    3,159      14,563

Hercules Technology Growth Capital, Inc.

    2,508      26,560

International Assets Holding Corp.*

    889      13,308

JMP Group, Inc.

    873      7,420

KBW, Inc.*

    2,701      72,657

Knight Capital Group, Inc., Class A*

    7,796      118,889

Kohlberg Capital Corp.

    2,015      11,405

LaBranche & Co., Inc.*

    3,308      17,400

Main Street Capital Corp.

    1,048      16,359

MCG Capital Corp.*

    5,063      26,378

MF Global Holdings Ltd.*

    8,181      66,021

MVC Capital, Inc.

    1,503      20,396

NGP Capital Resources Co.

    1,419      12,090

Oppenheimer Holdings, Inc., Class A

    622      15,867

optionsXpress Holdings, Inc.*

    3,224      52,519

PennantPark Investment Corp.

    2,386      24,719

Penson Worldwide, Inc.*

    1,467      14,773

Piper Jaffray Cos., Inc.*

    1,681      67,744

Prospect Capital Corp.

    5,437      66,060

Pzena Investment Management, Inc., Class A*

    968      7,386

Riskmetrics Group, Inc.*

    1,621      36,651

Safeguard Scientifics, Inc.*

    1,888      24,544

Sanders Morris Harris Group, Inc.

    1,160      7,180

Solar Capital Ltd.

    506    $ 10,697

Stifel Financial Corp.*

    2,496      134,160

SWS Group, Inc.

    2,616      30,162

Thomas Weisel Partners Group, Inc.*

    1,737      6,809

TICC Capital Corp.

    2,719      17,918

TradeStation Group, Inc.*

    3,260      22,853

Triangle Capital Corp.

    1,128      15,837

U.S. Global Investors, Inc., Class A

    1,301      12,867

Virtus Investment Partners, Inc.*

    345      7,190

Westwood Holdings Group, Inc.

    354      13,027
         
        2,146,938
         
Commercial Banks (4.5%)      

1st Source Corp.

    968      16,988

Alliance Financial Corp./New York

    477      14,062

American National Bankshares, Inc.

    561      11,304

Ameris Bancorp

    1,448      13,076

Ames National Corp.

    351      7,038

Arrow Financial Corp.

    607      16,322

Auburn National Bancorp., Inc.

    187      3,862

BancFirst Corp.

    432      18,105

Banco Latinoamericano de Comercio Exterior S.A.

    2,511      36,058

Bancorp Rhode Island, Inc.

    441      12,061

Bancorp, Inc./Delaware*

    1,660      14,774

Bank of Kentucky Financial Corp.

    58      1,157

Bank of Marin Bancorp/California

    295      9,759

Bank of the Ozarks, Inc.

    1,175      41,348

Banner Corp.

    2,310      8,870

Bar Harbor Bankshares

    447      13,634

Boston Private Financial Holdings, Inc.

    5,848      43,100

Bridge Bancorp, Inc.

    331      7,745

Bryn Mawr Bank Corp.

    798      14,484

Camden National Corp.

    495      15,894

Cape Bancorp, Inc.*

    1,092      8,812

Capital City Bank Group, Inc.

    718      10,232

Cardinal Financial Corp.

    1,894      20,228

Cathay General Bancorp

    6,634      77,286

Center Bancorp, Inc.

    630      5,235

Centerstate Banks, Inc.

    1,405      17,211

Central Pacific Financial Corp.*

    3,937      6,614

Century Bancorp, Inc./Massachusetts, Class A

    457      8,774

Chemical Financial Corp.

    1,542      36,422

Chicopee Bancorp, Inc.*

    403      5,118

Citizens & Northern Corp.

    736      9,237

Citizens Holding Co.

    211      5,207

Citizens Republic Bancorp, Inc.*

    29,514      34,827

City Holding Co.

    1,418      48,623

CNB Financial Corp./Pennsylvania

    487      7,519

CoBiz Financial, Inc.

    2,376      14,802

Columbia Banking System, Inc.

    2,444      49,638

Community Bank System, Inc.

    2,835      64,581

Community Trust Bancorp, Inc.

    1,383      37,465

CVB Financial Corp.

    7,272      72,211

Danvers Bancorp, Inc.

    2,059      28,476

Eagle Bancorp, Inc.*

    1,290      15,287

East West Bancorp, Inc.

    8,976      156,362

Enterprise Bancorp, Inc./Massachusetts

    229      2,796

Enterprise Financial Services Corp.

    1,220      13,493

F.N.B. Corp./Pennsylvania

    9,739      78,983

Farmers Capital Bank Corp.

    354      3,034

Financial Institutions, Inc.

    699      10,219

First Bancorp, Inc./Maine

    448      7,141

 

See Notes to Portfolio of Investments.

52

EQ ADVISORS TRUST

AXA TACTICAL MANAGER 2000 PORTFOLIO-I

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

First Bancorp/North Carolina

    954    $ 12,898

First BanCorp/Puerto Rico

    7,646      18,427

First Busey Corp.

    3,592      15,877

First California Financial Group, Inc.*

    199      525

First Commonwealth Financial Corp.

    7,346      49,292

First Community Bancshares, Inc./Virginia

    1,525      18,864

First Financial Bancorp

    4,724      84,040

First Financial Bankshares, Inc.

    1,621      83,563

First Financial Corp./Indiana

    813      23,544

First Merchants Corp.

    2,178      15,159

First Midwest Bancorp, Inc./Illinois

    5,960      80,758

First of Long Island Corp.

    280      6,748

First South Bancorp, Inc./North Carolina

    357      4,463

FirstMerit Corp.

    7,082      152,759

German American Bancorp, Inc.

    675      10,213

Glacier Bancorp, Inc.

    5,886      89,644

Great Southern Bancorp, Inc.

    648      14,541

Guaranty Bancorp*

    2,674      4,252

Hampton Roads Bankshares, Inc.

    2,783      4,341

Hancock Holding Co.

    2,209      92,358

Harleysville National Corp.

    3,989      26,726

Heartland Financial USA, Inc.

    825      13,175

Heritage Financial Corp./Washington*

    490      7,394

Home Bancorp, Inc.*

    1,028      14,392

Home Bancshares, Inc./Arkansas

    1,578      41,722

IBERIABANK Corp.

    2,180      130,822

Independent Bank Corp./Massachusetts

    1,864      45,966

International Bancshares Corp.

    4,168      95,822

Investors Bancorp, Inc.*

    3,524      46,517

Lakeland Bancorp, Inc.

    1,240      10,974

Lakeland Financial Corp.

    1,510      28,766

MainSource Financial Group, Inc.

    2,087      14,046

MB Financial, Inc.

    3,922      88,363

Merchants Bancshares, Inc.

    225      4,885

Metro Bancorp, Inc.*

    1,021      14,059

Midsouth Bancorp, Inc.

    312      5,148

Nara Bancorp, Inc.*

    2,963      25,956

National Bankshares, Inc./Virginia

    423      11,527

National Penn Bancshares, Inc.

    10,763      74,265

NBT Bancorp, Inc.

    2,608      59,593

Northfield Bancorp, Inc./New Jersey

    1,297      18,781

Northrim BanCorp, Inc.

    280      4,782

Norwood Financial Corp.

    30      810

Ohio Valley Banc Corp.

    232      4,997

Old National Bancorp/Indiana

    7,409      88,538

Old Point Financial Corp.

    183      2,701

Old Second Bancorp, Inc.

    1,279      8,429

OmniAmerican Bancorp, Inc.*

    891      10,273

Oriental Financial Group, Inc.

    2,717      36,680

Orrstown Financial Services, Inc.

    367      9,311

Pacific Capital Bancorp N.A.*

    5,201      9,414

Pacific Continental Corp.

    1,405      14,753

PacWest Bancorp

    2,347      53,559

Park National Corp.

    878      54,708

Peapack Gladstone Financial Corp.

    508      7,981

Penns Woods Bancorp, Inc.

    438      14,695

Peoples Bancorp, Inc./Ohio

    1,027      16,925

Peoples Financial Corp./Mississippi

    528      7,904

Pinnacle Financial Partners, Inc.*

    2,893      43,713

Porter Bancorp, Inc.

    152      1,991

Premierwest Bancorp*

    6,894      3,102

PrivateBancorp, Inc.

    4,472      61,266

Prosperity Bancshares, Inc.

    3,833    $ 157,153

Renasant Corp.

    1,968      31,842

Republic Bancorp, Inc./Kentucky, Class A

    568      10,701

Republic First Bancorp, Inc.*

    1,170      4,528

S&T Bancorp, Inc.

    2,108      44,057

Sandy Spring Bancorp, Inc.

    1,743      26,145

Santander BanCorp*

    220      2,699

SCBT Financial Corp.

    922      34,151

Shore Bancshares, Inc.

    433      6,170

Sierra Bancorp

    953      12,284

Signature Bank/New York*

    3,399      125,933

Simmons First National Corp., Class A

    1,506      41,520

Smithtown Bancorp, Inc.

    1,722      7,112

South Financial Group, Inc.

    13,818      9,552

Southside Bancshares, Inc.

    976      21,052

Southwest Bancorp, Inc./Oklahoma

    1,529      12,645

State Bancorp, Inc./New York

    846      6,658

StellarOne Corp.

    2,118      28,318

Sterling Bancorp/New York

    1,956      19,658

Sterling Bancshares, Inc./Texas

    8,447      47,134

Sterling Financial Corp./Washington*

    2,966      1,691

Suffolk Bancorp

    643      19,747

Sun Bancorp, Inc./New Jersey*

    514      2,025

Susquehanna Bancshares, Inc.

    10,113      99,209

SVB Financial Group*

    3,408      159,017

SY Bancorp, Inc.

    750      17,063

Texas Capital Bancshares, Inc.*

    3,106      58,983

Tompkins Financial Corp.

    631      23,019

Tower Bancorp, Inc.

    525      14,054

TowneBank/Virginia

    1,625      22,685

Trico Bancshares

    919      18,288

Trustmark Corp.

    5,324      130,065

UMB Financial Corp.

    2,523      102,434

Umpqua Holdings Corp.

    8,031      106,491

Union First Market Bankshares Corp.

    1,827      27,588

United Bankshares, Inc.

    3,252      85,267

United Community Banks, Inc./Georgia*

    7,217      31,827

United Security Bancshares, Inc./Alabama

    543      8,129

Univest Corp. of Pennsylvania

    1,164      21,755

Washington Banking Co.

    1,392      17,525

Washington Trust Bancorp, Inc.

    909      16,944

Webster Financial Corp.

    5,690      99,518

WesBanco, Inc.

    1,635      26,585

West Bancorp, Inc.

    719      4,731

Westamerica Bancorp

    2,435      140,378

Western Alliance Bancorp*

    4,142      23,568

Wilber Corp.

    243      1,592

Wilshire Bancorp, Inc.

    1,870      20,626

Wintrust Financial Corp.

    2,340      87,071

Yadkin Valley Financial Corp.

    703      3,023
         
        5,233,381
         
Consumer Finance (0.4%)      

Advance America Cash Advance Centers, Inc.

    3,362      19,567

Cardtronics, Inc.*

    877      11,024

Cash America International, Inc.

    2,486      98,147

CompuCredit Holdings Corp.

    1,513      7,807

Credit Acceptance Corp.*

    423      17,445

Dollar Financial Corp.*

    2,057      49,491

EZCORP, Inc., Class A*

    3,826      78,816

First Cash Financial Services, Inc.*

    2,023      43,636

First Marblehead Corp.*

    4,099      11,641

 

See Notes to Portfolio of Investments.

53

EQ ADVISORS TRUST

AXA TACTICAL MANAGER 2000 PORTFOLIO-I

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Nelnet, Inc., Class A

    1,425    $ 26,448

QC Holdings, Inc.

    150      775

Rewards Network, Inc.

    369      4,945

World Acceptance Corp.*

    1,395      50,332
         
        420,074
         
Diversified Financial Services (0.3%)      

Asset Acceptance Capital Corp.*

    792      4,997

Compass Diversified Holdings

    1,707      26,049

Encore Capital Group, Inc.*

    966      15,891

Life Partners Holdings, Inc.

    751      16,650

MarketAxess Holdings, Inc.

    2,352      36,997

Medallion Financial Corp.

    1,705      13,572

NewStar Financial, Inc.*

    1,885      12,026

PHH Corp.*

    4,253      100,243

PICO Holdings, Inc.*

    1,725      64,153

Portfolio Recovery Associates, Inc.*

    1,317      72,264

Primus Guaranty Ltd.*

    891      3,742

Resource America, Inc., Class A

    1,587      7,617
         
        374,201
         
Insurance (2.2%)      

Ambac Financial Group, Inc.*

    9,139      5,089

American Equity Investment Life Holding Co.

    5,025      53,516

American Physicians Capital, Inc.

    832      26,582

American Physicians Service Group, Inc.

    719      17,975

American Safety Insurance Holdings Ltd.*

    1,004      16,656

AMERISAFE, Inc.*

    1,827      29,908

Amtrust Financial Services, Inc.

    1,573      21,943

Argo Group International Holdings Ltd.

    2,643      86,135

Assured Guaranty Ltd.

    9,913      217,789

Baldwin & Lyons, Inc., Class B

    501      12,069

Citizens, Inc./Texas*

    2,098      14,497

CNA Surety Corp.*

    1,131      20,120

Conseco, Inc.*

    20,750      129,065

Crawford & Co., Class B*

    1,089      4,432

Delphi Financial Group, Inc., Class A

    3,912      98,426

Donegal Group, Inc., Class A

    681      9,881

Eastern Insurance Holdings, Inc.

    331      3,356

eHealth, Inc.*

    2,072      32,634

EMC Insurance Group, Inc.

    226      5,090

Employers Holdings, Inc.

    1,423      21,132

Enstar Group, Ltd.*

    492      34,027

FBL Financial Group, Inc., Class A

    933      22,840

First Acceptance Corp.*

    720      1,469

First Mercury Financial Corp.

    1,357      17,682

Flagstone Reinsurance Holdings Ltd.

    2,843      32,581

FPIC Insurance Group, Inc.*

    1,045      28,330

Greenlight Capital Reinsurance Ltd., Class A*

    2,172      57,949

Hallmark Financial Services*

    1,319      11,871

Harleysville Group, Inc.

    957      32,308

Hilltop Holdings, Inc.*

    3,643      42,805

Horace Mann Educators Corp.

    3,502      52,740

Independence Holding Co.

    496      4,707

Infinity Property & Casualty Corp.

    1,222      55,528

Kansas City Life Insurance Co.

    215      6,790

Maiden Holdings Ltd.

    3,583      26,478

Max Capital Group Ltd.

    3,599      82,741

Meadowbrook Insurance Group, Inc.

    4,165      32,903

Mercer Insurance Group, Inc.

    357      6,426

Montpelier Reinsurance Holdings Ltd.

    6,054      101,768

National Financial Partners Corp.*

    3,149    $ 44,401

National Interstate Corp.

    296      6,130

National Western Life Insurance Co., Class A

    160      29,496

Navigators Group, Inc.*

    1,138      44,758

NYMAGIC, Inc.

    583      12,377

Phoenix Cos., Inc.*

    10,209      24,706

Platinum Underwriters Holdings Ltd.

    4,270      158,332

PMA Capital Corp., Class A*

    2,329      14,300

Presidential Life Corp.

    1,483      14,786

ProAssurance Corp.*

    2,625      153,667

RLI Corp.

    1,600      91,232

Safety Insurance Group, Inc.

    1,209      45,543

SeaBright Insurance Holdings, Inc.

    2,200      24,222

Selective Insurance Group, Inc.

    4,063      67,446

State Auto Financial Corp.

    966      17,340

Stewart Information Services Corp.

    1,631      22,508

Tower Group, Inc.

    3,828      84,867

United America Indemnity Ltd., Class A*

    2,762      26,432

United Fire & Casualty Co.

    1,578      28,388

Universal Insurance Holdings, Inc.

    1,764      8,926

Zenith National Insurance Corp.

    2,923      112,009
         
        2,510,104
         
Real Estate Investment Trusts (REITs) (4.7%)      

Acadia Realty Trust (REIT)

    2,998      53,544

Agree Realty Corp. (REIT)

    411      9,395

Alexander’s, Inc. (REIT)*

    154      46,066

American Campus Communities, Inc. (REIT)

    4,409      121,953

American Capital Agency Corp. (REIT)

    1,462      37,427

Anworth Mortgage Asset Corp. (REIT)

    9,981      67,272

Apollo Commercial Real Estate Finance, Inc. (REIT)

    1,103      19,865

Ashford Hospitality Trust, Inc. (REIT)*

    4,216      30,229

Associated Estates Realty Corp. (REIT)

    1,579      21,774

BioMed Realty Trust, Inc. (REIT)

    8,033      132,866

CapLease, Inc. (REIT)

    3,863      21,440

Capstead Mortgage Corp. (REIT)

    6,129      73,303

CBL & Associates Properties, Inc. (REIT)

    11,044      151,303

Cedar Shopping Centers, Inc. (REIT)

    3,195      25,272

Chesapeake Lodging Trust (REIT)*

    713      13,882

Cogdell Spencer, Inc. (REIT)

    3,070      22,718

Colonial Properties Trust (REIT)

    5,140      66,203

Colony Financial, Inc. (REIT)

    1,095      21,900

Cousins Properties, Inc. (REIT)

    6,619      55,008

CreXus Investment Corp. (REIT)

    1,132      15,135

Cypress Sharpridge Investments, Inc. (REIT)

    1,038      13,888

DCT Industrial Trust, Inc. (REIT)

    16,521      86,405

Developers Diversified Realty Corp. (REIT)

    16,739      203,714

DiamondRock Hospitality Co. (REIT)*

    10,569      106,853

DuPont Fabros Technology, Inc. (REIT)

    2,002      43,223

Dynex Capital, Inc. (REIT)

    1,559      14,031

EastGroup Properties, Inc. (REIT)

    2,220      83,783

Education Realty Trust, Inc. (REIT)

    5,403      31,013

 

See Notes to Portfolio of Investments.

54

EQ ADVISORS TRUST

AXA TACTICAL MANAGER 2000 PORTFOLIO-I

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Entertainment Properties Trust (REIT)

    3,446    $ 141,734

Equity Lifestyle Properties, Inc. (REIT)

    2,141      115,357

Equity One, Inc. (REIT)

    2,590      48,925

Extra Space Storage, Inc. (REIT)

    6,696      84,905

FelCor Lodging Trust, Inc. (REIT)*

    5,930      33,801

First Industrial Realty Trust, Inc. (REIT)*

    4,858      37,698

First Potomac Realty Trust (REIT)

    2,819      42,370

Franklin Street Properties Corp. (REIT)

    5,158      74,430

Getty Realty Corp. (REIT)

    1,246      29,156

Gladstone Commercial Corp. (REIT)

    1,059      15,303

Glimcher Realty Trust (REIT)

    5,912      29,974

Government Properties Income Trust (REIT)

    1,563      40,654

Gramercy Capital Corp./New York (REIT)*

    2,858      7,974

Hatteras Financial Corp. (REIT)

    3,135      80,789

Healthcare Realty Trust, Inc. (REIT)

    5,020      116,916

Hersha Hospitality Trust (REIT)

    9,174      47,521

Highwoods Properties, Inc. (REIT)

    5,727      181,718

Home Properties, Inc. (REIT)

    2,915      136,422

Inland Real Estate Corp. (REIT)

    5,260      48,129

Invesco Mortgage Capital, Inc. (REIT)

    1,590      36,570

Investors Real Estate Trust (REIT)

    5,820      52,496

iStar Financial, Inc. (REIT)*

    7,074      32,470

Kilroy Realty Corp. (REIT)

    3,660      112,874

Kite Realty Group Trust (REIT)

    3,094      14,635

LaSalle Hotel Properties (REIT)

    5,011      116,756

Lexington Realty Trust (REIT)

    7,400      48,174

LTC Properties, Inc. (REIT)

    2,067      55,933

Medical Properties Trust, Inc. (REIT)

    6,671      69,912

MFA Financial, Inc. (REIT)

    23,518      173,093

Mid-America Apartment Communities, Inc. (REIT)

    2,282      118,185

Mission West Properties, Inc. (REIT)

    1,219      8,387

Monmouth Real Estate Investment Corp. (REIT), Class A

    1,254      10,546

National Health Investors, Inc. (REIT)

    2,004      77,675

National Retail Properties, Inc. (REIT)

    6,692      152,778

NorthStar Realty Finance Corp. (REIT)

    6,186      26,043

Omega Healthcare Investors, Inc. (REIT)

    6,986      136,157

Parkway Properties, Inc./Maryland (REIT)

    1,558      29,259

Pebblebrook Hotel Trust (REIT)*

    1,625      34,174

Pennsylvania Real Estate Investment Trust (REIT)

    3,468      43,246

Pennymac Mortgage Investment Trust (REIT)*

    964      16,012

Post Properties, Inc. (REIT)

    4,159      91,581

Potlatch Corp. (REIT)

    3,119      109,290

PS Business Parks, Inc. (REIT)

    1,375      73,425

RAIT Financial Trust (REIT)*

    5,490      10,870

Ramco-Gershenson Properties Trust (REIT)

    2,565      28,882

Redwood Trust, Inc. (REIT)

    6,624      102,142

Resource Capital Corp. (REIT)

    3,038      20,537

Saul Centers, Inc. (REIT)

    414      17,140

Sovran Self Storage, Inc. (REIT)

    2,116      73,764

Strategic Hotels & Resorts, Inc. (REIT)*

    6,900    $ 29,325

Sun Communities, Inc. (REIT)

    1,586      39,967

Sunstone Hotel Investors, Inc. (REIT)*

    7,688      85,875

Tanger Factory Outlet Centers (REIT)

    3,379      145,838

Terreno Realty Corp. (REIT)*

    789      15,567

UMH Properties, Inc. (REIT)

    291      2,377

Universal Health Realty Income Trust (REIT)

    1,045      36,930

Urstadt Biddle Properties, Inc. (REIT), Class A

    831      13,138

U-Store-It Trust (REIT)

    6,017      43,322

Walter Investment Management Corp. (REIT)

    2,194      35,104

Washington Real Estate Investment Trust (REIT)

    4,609      140,805

Winthrop Realty Trust (REIT)

    1,611      19,396
         
        5,403,891
         

Real Estate Management & Development (0.1%)

      

American Realty Investors, Inc.*

    124      1,333

Avatar Holdings, Inc.*

    805      17,501

China Housing & Land Development, Inc.*

    3,131      11,898

Consolidated-Tomoka Land Co.

    337      10,619

Forestar Group, Inc.*

    2,792      52,713

Tejon Ranch Co.*

    762      23,256
         
        117,320
         

Thrifts & Mortgage Finance (1.0%)

      

Abington Bancorp, Inc.

    2,301      18,178

Astoria Financial Corp.

    7,208      104,516

Bank Mutual Corp.

    4,420      28,730

BankFinancial Corp.

    1,339      12,279

Beneficial Mutual Bancorp, Inc.*

    2,241      21,245

Berkshire Hills Bancorp, Inc.

    1,303      23,884

Brookline Bancorp, Inc.

    5,175      55,062

Brooklyn Federal Bancorp, Inc.

    199      1,672

Clifton Savings Bancorp, Inc.

    445      4,125

Dime Community Bancshares, Inc.

    2,428      30,666

Doral Financial Corp.*

    150      646

ESB Financial Corp.

    444      5,723

ESSA Bancorp, Inc.

    1,568      19,663

First Defiance Financial Corp.

    406      4,109

First Financial Holdings, Inc.

    1,507      22,695

First Financial Northwest, Inc.

    927      6,331

First Financial Service Corp.

    214      1,872

Flagstar Bancorp, Inc.*

    5,874      3,524

Flushing Financial Corp.

    2,157      27,308

Fox Chase Bancorp, Inc.*

    237      2,562

Home Federal Bancorp, Inc./Idaho

    1,650      23,941

Kearny Financial Corp.

    1,080      11,264

Kentucky First Federal Bancorp

    49      514

K-Fed Bancorp

    216      1,927

Legacy Bancorp., Inc./Massachusetts

    936      8,883

Meridian Interstate Bancorp, Inc.*

    453      4,711

MGIC Investment Corp.*

    10,450      114,637

NASB Financial, Inc.

    241      5,572

NewAlliance Bancshares, Inc.

    8,638      109,012

Northeast Community Bancorp, Inc.

    246      1,769

Northwest Bancshares, Inc.

    3,485      40,914

OceanFirst Financial Corp.

    1,444      16,404

Ocwen Financial Corp.*

    4,937      54,751

Oritani Financial Corp.

    571      9,176

 

See Notes to Portfolio of Investments.

55

EQ ADVISORS TRUST

AXA TACTICAL MANAGER 2000 PORTFOLIO-I

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

PMI Group, Inc.*

    6,645    $ 36,016

Provident Financial Services, Inc.

    5,200      61,880

Provident New York Bancorp

    2,362      22,392

Prudential Bancorp, Inc. of Pennsylvania

    211      1,781

Radian Group, Inc.

    6,446      100,815

Rockville Financial, Inc.

    352      4,291

Roma Financial Corp.

    354      4,439

Territorial Bancorp, Inc.

    1,200      22,836

Tree.com, Inc.*

    675      6,176

TrustCo Bank Corp. NY/New York

    5,573      34,385

United Financial Bancorp, Inc.

    1,632      22,815

ViewPoint Financial Group

    554      8,980

Waterstone Financial, Inc.*

    265      959

Westfield Financial, Inc.

    2,998      27,552

WSFS Financial Corp.

    680      26,520
         
        1,180,102
         

Total Financials

         17,386,011
         

Health Care (10.2%)

      

Biotechnology (2.8%)

      

Acorda Therapeutics, Inc.*

    3,010      102,942

Affymax, Inc.*

    1,287      30,154

Alkermes, Inc.*

    7,916      102,671

Allos Therapeutics, Inc.*

    6,258      46,497

Alnylam Pharmaceuticals, Inc.*

    2,762      47,009

AMAG Pharmaceuticals, Inc.*

    1,774      61,930

Amicus Therapeutics, Inc.*

    731      2,332

Arena Pharmaceuticals, Inc.*

    8,335      25,839

ARIAD Pharmaceuticals, Inc.*

    9,557      32,494

ArQule, Inc.*

    2,670      15,379

Array BioPharma, Inc.*

    3,856      10,565

AVI BioPharma, Inc.*

    9,492      11,296

BioCryst Pharmaceuticals, Inc.*

    2,358      15,492

Biospecifics Technologies Corp.*

    216      5,994

Cardium Therapeutics, Inc.*

    1,810      797

Celera Corp.*

    7,064      50,154

Cell Therapeutics, Inc.*

    50,316      27,206

Celldex Therapeutics, Inc.*

    2,463      15,123

Cepheid, Inc.*

    4,862      84,988

Chelsea Therapeutics International, Inc.*

    2,993      10,625

Clinical Data, Inc.*

    940      18,236

Cubist Pharmaceuticals, Inc.*

    4,793      108,034

Curis, Inc.*

    5,143      15,789

Cytokinetics, Inc.*

    2,810      8,992

Cytori Therapeutics, Inc.*

    2,731      12,453

Dyax Corp.*

    5,162      17,602

Emergent Biosolutions, Inc.*

    1,135      19,057

Enzon Pharmaceuticals, Inc.*

    4,489      45,698

Exelixis, Inc.*

    8,265      50,169

Facet Biotech Corp.*

    1,888      50,957

Genomic Health, Inc.*

    1,027      18,065

Geron Corp.*

    7,692      43,691

GTx, Inc.*

    967      3,230

Halozyme Therapeutics, Inc.*

    5,117      40,885

Hemispherx Biopharma, Inc.*

    6,465      4,784

Human Genome Sciences, Inc.*

    14,832      447,926

Idenix Pharmaceuticals, Inc.*

    1,690      4,766

Idera Pharmaceuticals, Inc.*

    1,275      7,918

Immunogen, Inc.*

    4,970      40,207

Immunomedics, Inc.*

    5,942      19,727

Incyte Corp.*

    7,220      100,791

Infinity Pharmaceuticals, Inc.*

    1,063      6,484

Insmed, Inc.*

    12,358      14,582

InterMune, Inc.*

    3,656    $ 162,948

Isis Pharmaceuticals, Inc.*

    7,280      79,498

Lexicon Pharmaceuticals, Inc.*

    11,382      16,845

Ligand Pharmaceuticals, Inc., Class B*

    7,863      13,760

MannKind Corp.*

    4,954      32,498

Martek Biosciences Corp.*

    2,844      64,018

Maxygen, Inc.*

    2,264      14,875

Medivation, Inc.*

    2,272      23,833

Metabolix, Inc.*

    1,598      19,464

Micromet, Inc.*

    5,147      41,588

Molecular Insight Pharmaceuticals, Inc.*

    715      937

Momenta Pharmaceuticals, Inc.*

    3,355      50,224

Myriad Pharmaceuticals, Inc.*

    2,433      10,997

Nabi Biopharmaceuticals*

    3,754      20,534

Nanosphere, Inc.*

    506      2,424

Neurocrine Biosciences, Inc.*

    3,574      9,114

NeurogesX, Inc.*

    566      5,320

Novavax, Inc.*

    6,885      15,904

NPS Pharmaceuticals, Inc.*

    3,386      17,065

Omeros Corp.*

    144      1,014

OncoGenex Pharmaceutical, Inc.*

    476      9,772

Onyx Pharmaceuticals, Inc.*

    5,112      154,791

Opko Health, Inc.*

    2,385      4,722

Orexigen Therapeutics, Inc.*

    2,547      15,002

Osiris Therapeutics, Inc.*

    1,152      8,525

OXiGENE, Inc.*

    1,483      1,824

PDL BioPharma, Inc.

    10,201      63,348

Pharmasset, Inc.*

    1,702      45,614

Poniard Pharmaceuticals, Inc.*

    3,805      4,376

Progenics Pharmaceuticals, Inc.*

    1,644      8,763

Protalix BioTherapeutics, Inc.*

    2,589      16,984

Regeneron Pharmaceuticals, Inc.*

    5,026      133,139

Repligen Corp.*

    3,304      13,414

Rigel Pharmaceuticals, Inc.*

    4,346      34,638

Sangamo BioSciences, Inc.*

    3,148      17,062

Savient Pharmaceuticals, Inc.*

    5,608      81,036

Sciclone Pharmaceuticals, Inc.*

    3,580      12,637

Seattle Genetics, Inc.*

    6,465      77,192

SIGA Technologies, Inc.*

    2,840      18,829

Spectrum Pharmaceuticals, Inc.*

    4,036      18,606

StemCells, Inc.*

    11,653      13,518

Synta Pharmaceuticals Corp.*

    1,924      8,292

Theravance, Inc.*

    5,439      72,448

Vanda Pharmaceuticals, Inc.*

    2,379      27,454

Vical, Inc.*

    4,183      14,055

ZymoGenetics, Inc.*

    3,338      19,127
         
        3,297,558
         

Health Care Equipment & Supplies (2.6%)

      

Abaxis, Inc.*

    1,653      44,945

ABIOMED, Inc.*

    2,233      23,067

Accuray, Inc.*

    2,821      17,180

AGA Medical Holdings, Inc.*

    921      14,966

Align Technology, Inc.*

    4,594      88,848

Alphatec Holdings, Inc.*

    2,259      14,390

American Medical Systems Holdings, Inc.*

    6,171      114,657

Analogic Corp.

    1,131      48,328

AngioDynamics, Inc.*

    1,774      27,710

Atrion Corp.

    100      14,304

ATS Medical, Inc.*

    3,884      10,098

Bovie Medical Corp.*

    972      6,075

Cantel Medical Corp.

    1,179      23,403

Cardiac Science Corp.*

    2,743      5,129

Cardiovascular Systems, Inc.*

    442      2,347

 

See Notes to Portfolio of Investments.

56

EQ ADVISORS TRUST

AXA TACTICAL MANAGER 2000 PORTFOLIO-I

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Conceptus, Inc.*

    2,647    $ 52,834

CONMED Corp.*

    2,196      52,287

CryoLife, Inc.*

    2,070      13,393

Cutera, Inc.*

    1,398      14,497

Cyberonics, Inc.*

    2,385      45,697

Cynosure, Inc., Class A*

    507      5,699

Delcath Systems, Inc.*

    2,922      23,668

DexCom, Inc.*

    4,343      42,257

Electro-Optical Sciences, Inc.*

    2,056      15,255

Endologix, Inc.*

    3,376      13,639

EnteroMedics, Inc.*

    969      494

ev3, Inc.*

    5,832      92,495

Exactech, Inc.*

    475      9,961

Greatbatch, Inc.*

    2,082      44,118

Haemonetics Corp.*

    2,117      120,987

Hansen Medical, Inc.*

    3,097      7,092

HeartWare International, Inc.*

    498      22,146

ICU Medical, Inc.*

    1,099      37,861

Immucor, Inc.*

    5,556      124,399

Insulet Corp.*

    2,713      40,939

Integra LifeSciences Holdings Corp.*

    1,597      69,996

Invacare Corp.

    2,494      66,191

IRIS International, Inc.*

    1,209      12,344

Kensey Nash Corp.*

    812      19,155

MAKO Surgical Corp.*

    1,620      21,838

Masimo Corp.

    3,998      106,147

Medical Action Industries, Inc.*

    1,050      12,883

Meridian Bioscience, Inc.

    3,485      70,989

Merit Medical Systems, Inc.*

    2,056      31,354

Micrus Endovascular Corp.*

    1,419      27,983

Natus Medical, Inc.*

    2,047      32,568

Neogen Corp.*

    1,477      37,073

NuVasive, Inc.*

    3,076      139,035

NxStage Medical, Inc.*

    1,635      18,721

OraSure Technologies, Inc.*

    4,163      24,687

Orthofix International N.V.*

    1,297      47,185

Orthovita, Inc.*

    6,067      25,845

Palomar Medical Technologies, Inc.*

    1,736      18,853

Quidel Corp.*

    2,330      33,878

Rochester Medical Corp.*

    582      7,461

Rockwell Medical Technologies, Inc.*

    1,093      6,318

RTI Biologics, Inc.*

    3,748      16,229

Sirona Dental Systems, Inc.*

    1,281      48,716

Somanetics Corp.*

    1,157      22,145

SonoSite, Inc.*

    1,293      41,518

Spectranetics Corp.*

    2,202      15,216

Stereotaxis, Inc.*

    2,017      10,105

STERIS Corp.

    4,842      162,982

SurModics, Inc.*

    1,420      29,735

Symmetry Medical, Inc.*

    3,220      32,329

Synovis Life Technologies, Inc.*

    1,161      18,030

Thoratec Corp.*

    4,446      148,719

TomoTherapy, Inc.*

    3,070      10,469

TranS1, Inc.*

    508      1,651

Utah Medical Products, Inc.

    408      11,477

Vascular Solutions, Inc.*

    963      8,657

Volcano Corp.*

    4,048      97,800

West Pharmaceutical Services, Inc.

    2,571      107,853

Wright Medical Group, Inc.*

    3,295      58,552

Young Innovations, Inc.

    315      8,870

Zoll Medical Corp.*

    1,833      48,318
         
        2,965,040
         

Health Care Providers & Services (2.6%)

      

Air Methods Corp.*

    1,013      34,442

Alliance HealthCare Services, Inc.*

    1,563      8,784

Allied Healthcare International, Inc.*

    2,692    $ 7,322

Almost Family, Inc.*

    763      28,757

Amedisys, Inc.*

    2,297      126,840

America Service Group, Inc.

    930      14,964

American Caresource Holding, Inc.*

    469      830

American Dental Partners, Inc.*

    996      12,998

AMERIGROUP Corp.*

    4,320      143,597

AMN Healthcare Services, Inc.*

    2,980      26,224

Amsurg Corp.*

    2,311      49,895

Assisted Living Concepts, Inc., Class A*

    709      23,284

Bio-Reference Labs, Inc.*

    1,081      47,532

BioScrip, Inc.*

    2,822      22,520

Capital Senior Living Corp.*

    1,302      6,849

CardioNet, Inc.*

    2,279      17,434

Catalyst Health Solutions, Inc.*

    3,099      128,237

Centene Corp.*

    4,117      98,973

Chemed Corp.

    1,932      105,062

Chindex International, Inc.*

    882      10,416

Clarient, Inc.*

    2,806      7,352

Continuecare Corp.*

    2,972      10,996

Corvel Corp.*

    484      17,303

Cross Country Healthcare, Inc.*

    2,194      22,181

Emergency Medical Services Corp., Class A*

    2,448      138,434

Emeritus Corp.*

    1,482      30,159

Ensign Group, Inc.

    1,152      19,964

Genoptix, Inc.*

    1,503      53,341

Gentiva Health Services, Inc.*

    2,236      63,234

Hanger Orthopedic Group, Inc.*

    2,321      42,196

Health Grades, Inc.*

    2,356      14,984

HealthSouth Corp.*

    7,413      138,623

Healthspring, Inc.*

    3,844      67,654

Healthways, Inc.*

    2,556      41,075

HMS Holdings Corp.*

    2,175      110,903

inVentiv Health, Inc.*

    2,558      57,453

IPC The Hospitalist Co., Inc.*

    1,201      42,167

Kindred Healthcare, Inc.*

    3,414      61,623

Landauer, Inc.

    697      45,458

LCA-Vision, Inc.*

    1,813      15,084

LHC Group, Inc.*

    1,372      46,003

Magellan Health Services, Inc.*

    1,123      48,828

MedCath Corp.*

    1,683      17,621

Metropolitan Health Networks, Inc.*

    4,284      13,837

Molina Healthcare, Inc.*

    1,285      32,343

MWI Veterinary Supply, Inc.*

    789      31,876

National Healthcare Corp.

    544      19,247

National Research Corp.

    27      684

Nighthawk Radiology Holdings, Inc.*

    1,182      3,759

NovaMed, Inc.*

    982      3,339

Odyssey HealthCare, Inc.*

    2,930      53,062

Owens & Minor, Inc.

    3,461      160,556

PharMerica Corp.*

    2,753      50,160

Providence Service Corp.*

    1,121      17,028

PSS World Medical, Inc.*

    4,977      117,009

Psychiatric Solutions, Inc.*

    4,713      140,447

RadNet, Inc.*

    1,533      4,875

RehabCare Group, Inc.*

    2,146      58,521

Res-Care, Inc.*

    2,408      28,872

Select Medical Holdings Corp.*

    2,365      19,961

Skilled Healthcare Group, Inc., Class A*

    2,290      14,129

Sun Healthcare Group, Inc.*

    4,051      38,647

Sunrise Senior Living, Inc.*

    4,600      23,552

Team Health Holdings, Inc.*

    1,216      20,429

 

See Notes to Portfolio of Investments.

57

EQ ADVISORS TRUST

AXA TACTICAL MANAGER 2000 PORTFOLIO-I

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Triple-S Management Corp., Class B*

    1,471    $ 26,110

U.S. Physical Therapy, Inc.*

    945      16,443

Universal American Corp.*

    1,969      30,323

Virtual Radiologic Corp.*

    265      2,915

WellCare Health Plans, Inc.*

    3,414      101,737
         
        3,057,457
         

Health Care Technology (0.5%)

      

AMICAS, Inc.*

    2,497      15,032

athenahealth, Inc.*

    2,781      101,673

Computer Programs & Systems, Inc.

    894      34,937

Eclipsys Corp.*

    4,743      94,291

MedAssets, Inc.*

    3,059      64,239

Medidata Solutions, Inc.*

    788      11,978

MedQuist, Inc.

    390      3,046

Merge Healthcare, Inc.*

    1,749      3,620

Omnicell, Inc.*

    2,424      34,009

Phase Forward, Inc.*

    3,475      45,418

Quality Systems, Inc.

    1,977      121,467

Transcend Services, Inc.*

    817      13,276

Vital Images, Inc.*

    1,380      22,315
         
        565,301
         

Life Sciences Tools & Services (0.6%)

      

Accelrys, Inc.*

    2,284      14,069

Affymetrix, Inc.*

    6,063      44,502

Albany Molecular Research, Inc.*

    1,497      12,500

BioDelivery Sciences International, Inc.*

    1,497      5,733

Bruker Corp.*

    3,728      54,615

Cambrex Corp.*

    2,993      12,122

Dionex Corp.*

    1,384      103,496

Enzo Biochem, Inc.*

    2,241      13,491

eResearchTechnology, Inc.*

    3,937      27,205

Harvard Bioscience, Inc.*

    2,508      9,706

Kendle International, Inc.*

    1,347      23,546

Luminex Corp.*

    3,152      53,048

PAREXEL International Corp.*

    4,798      111,841

Sequenom, Inc.*

    5,334      33,658

Varian, Inc.*

    2,274      117,748
         
        637,280
         

Pharmaceuticals (1.1%)

      

Acura Pharmaceuticals, Inc.*

    280      1,509

Adolor Corp.*

    5,337      9,607

Akorn, Inc.*

    3,268      5,000

Ardea Biosciences, Inc.*

    1,314      23,994

ARYx Therapeutics, Inc.*

    927      807

Auxilium Pharmaceuticals, Inc.*

    3,840      119,654

AVANIR Pharmaceuticals, Inc., Class A*

    5,204      12,073

Biodel, Inc.*

    1,822      7,780

BioMimetic Therapeutics, Inc.*

    1,041      13,689

BMP Sunstone Corp.*

    1,963      9,933

Cadence Pharmaceuticals, Inc.*

    1,720      15,704

Caraco Pharmaceutical Laboratories Ltd.*

    466      2,791

Cornerstone Therapeutics, Inc.*

    255      1,619

Cumberland Pharmaceuticals, Inc.*

    448      4,717

Cypress Bioscience, Inc.*

    3,562      17,454

Depomed, Inc.*

    3,422      12,148

Discovery Laboratories, Inc.*

    6,983      3,631

Durect Corp.*

    6,060      18,241

Hi-Tech Pharmacal Co., Inc.*

    809      17,911

Impax Laboratories, Inc.*

    5,076      90,759

Inspire Pharmaceuticals, Inc.*

    5,375      33,540

Ironwood Pharmaceuticals, Inc.*

    1,489      20,131

ISTA Pharmaceuticals, Inc.*

    2,048    $ 8,335

Javelin Pharmaceuticals, Inc.*

    5,910      7,624

KV Pharmaceutical Co., Class A*

    3,754      6,607

Lannett Co., Inc.*

    405      1,721

MAP Pharmaceuticals, Inc.*

    889      14,126

Matrixx Initiatives, Inc.*

    1,338      6,784

Medicines Co.*

    3,991      31,289

Medicis Pharmaceutical Corp., Class A

    4,661      117,271

MiddleBrook Pharmaceuticals, Inc.*

    1,630      489

Nektar Therapeutics*

    7,320      111,337

Obagi Medical Products, Inc.*

    1,158      14,104

Optimer Pharmaceuticals, Inc.*

    2,596      31,879

Pain Therapeutics, Inc.*

    3,316      20,791

Par Pharmaceutical Cos., Inc.*

    2,942      72,962

Pozen, Inc.*

    1,829      17,522

Questcor Pharmaceuticals, Inc.*

    5,039      41,471

Repros Therapeutics, Inc.*

    300      203

Salix Pharmaceuticals Ltd.*

    4,417      164,533

Santarus, Inc.*

    4,686      25,211

Sucampo Pharmaceuticals, Inc., Class A*

    471      1,682

SuperGen, Inc.*

    5,694      18,221

ViroPharma, Inc.*

    6,449      87,900

Vivus, Inc.*

    6,783      59,148

XenoPort, Inc.*

    2,212      20,483
         
        1,324,385
         

Total Health Care

         11,847,021
         

Industrials (10.8%)

      

Aerospace & Defense (1.3%)

      

AAR Corp.*

    3,014      74,807

Aerovironment, Inc.*

    1,183      30,888

American Science & Engineering, Inc.

    794      59,487

Applied Signal Technology, Inc.

    1,267      24,808

Argon ST, Inc.*

    1,239      32,970

Ascent Solar Technologies, Inc.*

    1,621      6,241

Astronics Corp.*

    444      4,356

Ceradyne, Inc.*

    2,264      51,370

Cubic Corp.

    1,158      41,688

Curtiss-Wright Corp.

    3,563      123,992

DigitalGlobe, Inc.*

    1,039      29,040

Ducommun, Inc.

    1,035      21,745

DynCorp International, Inc., Class A*

    2,271      26,094

Esterline Technologies Corp.*

    2,337      115,518

GenCorp, Inc.*

    4,531      26,099

GeoEye, Inc.*

    1,641      48,410

Global Defense Technology & Systems, Inc.*

    546      7,316

HEICO Corp.

    1,947      100,387

Herley Industries, Inc.*

    870      12,754

Hexcel Corp.*

    7,602      109,773

Ladish Co., Inc.*

    1,119      22,559

LMI Aerospace, Inc.*

    862      16,016

Moog, Inc., Class A*

    3,577      126,697

Orbital Sciences Corp.*

    4,780      90,868

Stanley, Inc.*

    1,068      30,214

Taser International, Inc.*

    5,429      31,814

Teledyne Technologies, Inc.*

    2,833      116,918

Todd Shipyards Corp.

    240      3,943

Triumph Group, Inc.

    1,409      98,757
         
        1,485,529
         

Air Freight & Logistics (0.2%)

      

Air Transport Services Group, Inc.*

    3,569      12,028

Atlas Air Worldwide Holdings, Inc.*

    1,624      86,153

Dynamex, Inc.*

    592      10,182

 

See Notes to Portfolio of Investments.

58

EQ ADVISORS TRUST

AXA TACTICAL MANAGER 2000 PORTFOLIO-I

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Forward Air Corp.

    2,197    $ 57,781

Hub Group, Inc., Class A*

    3,149      88,109

Pacer International, Inc.*

    3,244      19,529
         
        273,782
         

Airlines (0.7%)

      

AirTran Holdings, Inc.*

    10,301      52,329

Alaska Air Group, Inc.*

    2,875      118,536

Allegiant Travel Co.*

    1,206      69,779

Hawaiian Holdings, Inc.*

    3,886      28,640

JetBlue Airways Corp.*

    19,871      110,880

Republic Airways Holdings, Inc.*

    3,234      19,145

SkyWest, Inc.

    4,289      61,247

U.S. Airways Group, Inc.*

    13,377      98,321

UAL Corp.*

    13,636      266,584
         
        825,461
         

Building Products (0.4%)

      

AAON, Inc.

    1,199      27,121

American Woodmark Corp.

    648      12,565

Ameron International Corp.

    799      50,249

Apogee Enterprises, Inc.

    2,504      39,588

Builders FirstSource, Inc.*

    4,243      13,366

Gibraltar Industries, Inc.*

    1,987      25,056

Griffon Corp.*

    3,286      40,944

Insteel Industries, Inc.

    1,167      12,475

NCI Building Systems, Inc.*

    1,684      18,591

Quanex Building Products Corp.

    3,251      53,739

Simpson Manufacturing Co., Inc.

    2,947      81,809

Trex Co., Inc.*

    1,122      23,887

Universal Forest Products, Inc.

    1,483      57,125
         
        456,515
         

Commercial Services & Supplies (1.6%)

      

ABM Industries, Inc.

    3,562      75,514

ACCO Brands Corp.*

    4,123      31,582

American Reprographics Co.*

    2,608      23,394

APAC Customer Services, Inc.*

    1,614      9,280

ATC Technology Corp.*

    1,453      24,933

Bowne & Co., Inc.

    2,903      32,397

Cenveo, Inc.*

    4,058      35,142

Clean Harbors, Inc.*

    1,810      100,564

Consolidated Graphics, Inc.*

    851      35,240

Cornell Cos., Inc.*

    1,084      19,848

Courier Corp.

    1,058      17,468

Deluxe Corp.

    4,309      83,681

EnergySolutions, Inc.

    5,706      36,690

EnerNOC, Inc.*

    1,220      36,210

Ennis, Inc.

    1,890      30,750

Fuel Tech, Inc.*

    1,747      14,011

G&K Services, Inc., Class A

    1,655      42,831

GEO Group, Inc.*

    4,004      79,359

Healthcare Services Group, Inc.

    3,239      72,521

Heritage-Crystal Clean, Inc.*

    42      475

Herman Miller, Inc.

    4,171      75,328

HNI Corp.

    3,512      93,525

Innerworkings, Inc.*

    1,555      8,086

Interface, Inc., Class A

    3,639      42,140

Kimball International, Inc., Class B

    2,174      15,109

Knoll, Inc.

    3,530      39,712

M&F Worldwide Corp.*

    801      24,511

McGrath RentCorp

    1,773      42,960

Metalico, Inc.*

    3,116      18,665

Mine Safety Appliances Co.

    2,013      56,283

Mobile Mini, Inc.*

    2,656      41,141

Multi-Color Corp.

    594      7,116

North American Galvanizing & Coatings, Inc.*

    1,527    $ 8,490

Perma-Fix Environmental Services*

    3,083      6,906

Rollins, Inc.

    3,389      73,474

Schawk, Inc.

    1,029      18,656

Standard Parking Corp.*

    868      14,253

Standard Register Co.

    1,536      8,218

Steelcase, Inc., Class A

    5,350      34,615

Sykes Enterprises, Inc.*

    2,914      66,556

Team, Inc.*

    1,734      28,767

Tetra Tech, Inc.*

    4,742      109,256

U.S. Ecology, Inc.

    1,341      21,590

United Stationers, Inc.*

    1,864      109,696

Viad Corp.

    1,497      30,763

Waste Services, Inc.*

    1,363      13,480
         
        1,811,186
         

Construction & Engineering (0.6%)

      

Argan, Inc.*

    411      5,343

Comfort Systems USA, Inc.

    2,837      35,434

Dycom Industries, Inc.*

    3,460      30,344

EMCOR Group, Inc.*

    5,221      128,593

Furmanite Corp.*

    2,439      12,658

Granite Construction, Inc.

    2,867      86,641

Great Lakes Dredge & Dock Corp.

    2,745      14,411

Insituform Technologies, Inc., Class A*

    3,013      80,176

Integrated Electrical Services, Inc.*

    244      1,379

Layne Christensen Co.*

    1,476      39,424

MasTec, Inc.*

    4,456      56,190

Michael Baker Corp.*

    556      19,171

MYR Group, Inc.*

    1,594      25,998

Northwest Pipe Co.*

    873      19,075

Orion Marine Group, Inc.*

    2,013      36,335

Pike Electric Corp.*

    1,687      15,723

Primoris Services Corp.

    429      3,321

Sterling Construction Co., Inc.*

    1,474      23,171

Tutor Perini Corp.*

    1,948      42,369
         
        675,756
         

Electrical Equipment (1.5%)

      

A. O. Smith Corp.

    1,702      89,474

Acuity Brands, Inc.

    3,586      151,365

Advanced Battery Technologies, Inc.*

    5,114      19,945

American Superconductor Corp.*

    3,608      104,271

AZZ, Inc.

    1,084      36,693

Baldor Electric Co.

    3,688      137,931

Belden, Inc.

    3,637      99,872

Brady Corp., Class A

    3,764      117,136

Broadwind Energy, Inc.*

    2,352      10,513

Chase Corp.

    246      3,105

China BAK Battery, Inc.*

    4,409      10,626

Encore Wire Corp.

    1,674      34,819

Ener1, Inc.*

    3,604      17,047

Energy Conversion Devices, Inc.*

    3,915      30,655

EnerSys*

    3,423      84,411

Evergreen Solar, Inc.*

    13,180      14,893

Franklin Electric Co., Inc.

    1,743      52,273

FuelCell Energy, Inc.*

    6,773      19,100

Fushi Copperweld, Inc.*

    1,714      19,231

Generac Holdings, Inc.*

    1,644      23,032

GrafTech International Ltd.*

    9,628      131,615

GT Solar International, Inc.*

    2,107      11,020

Harbin Electric, Inc.*

    1,351      29,168

II-VI, Inc.*

    1,905      64,465

LaBarge, Inc.*

    769      8,498

 

See Notes to Portfolio of Investments.

59

EQ ADVISORS TRUST

AXA TACTICAL MANAGER 2000 PORTFOLIO-I

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

LSI Industries, Inc.

    1,137    $ 7,754

Microvision, Inc.*

    8,115      22,884

Orion Energy Systems, Inc.*

    1,869      9,158

Polypore International, Inc.*

    1,992      34,780

Powell Industries, Inc.*

    751      24,430

PowerSecure International, Inc.*

    1,722      13,569

Preformed Line Products Co.

    231      8,813

Regal-Beloit Corp.

    2,851      169,378

SatCon Technology Corp.*

    6,680      16,232

Ultralife Corp.*

    1,581      6,340

Valence Technology, Inc.*

    2,974      2,528

Vicor Corp.*

    1,307      18,050

Woodward Governor Co.

    4,789      153,152
         
        1,808,226
         
Industrial Conglomerates (0.2%)      

Otter Tail Corp.

    2,695      59,182

Raven Industries, Inc.

    1,191      35,123

Seaboard Corp.

    24      31,178

Standex International Corp.

    1,135      29,249

Tredegar Corp.

    2,176      37,166

United Capital Corp.*

    25      593
         
        192,491
         

Machinery (1.9%)

      

3D Systems Corp.*

    1,231      16,803

Actuant Corp., Class A

    5,317      103,947

Alamo Group, Inc.

    434      8,676

Albany International Corp., Class A

    2,067      44,502

Altra Holdings, Inc.*

    1,947      26,732

American Railcar Industries, Inc.

    459      5,581

Ampco-Pittsburgh Corp.

    583      14,470

Astec Industries, Inc.*

    1,461      42,311

Badger Meter, Inc.

    1,307      50,333

Barnes Group, Inc.

    3,548      69,009

Blount International, Inc.*

    2,816      29,174

Briggs & Stratton Corp.

    4,243      82,738

Cascade Corp.

    646      20,808

Chart Industries, Inc.*

    2,440      48,800

China Fire & Security Group, Inc.*

    1,020      13,229

CIRCOR International, Inc.

    1,493      49,583

CLARCOR, Inc.

    4,033      139,098

Colfax Corp.*

    1,663      19,574

Columbus McKinnon Corp.*

    1,375      21,821

Duoyuan Printing, Inc.*

    1,185      12,798

Dynamic Materials Corp.

    1,192      18,619

Eastern Co.

    243      3,290

Energy Recovery, Inc.*

    3,194      20,122

EnPro Industries, Inc.*

    1,596      46,412

ESCO Technologies, Inc.

    2,019      64,224

Federal Signal Corp.

    4,301      38,752

Flow International Corp.*

    4,478      13,479

Force Protection, Inc.*

    6,115      36,812

FreightCar America, Inc.

    1,104      26,673

Gorman-Rupp Co.

    1,003      25,516

Graham Corp.

    966      17,378

Greenbrier Cos., Inc.*

    1,114      12,265

Hurco Cos., Inc.*

    691      11,630

John Bean Technologies Corp.

    2,046      35,887

Kadant, Inc.*

    918      13,228

Kaydon Corp.

    2,802      105,355

K-Tron International, Inc.*

    180      26,995

L.B. Foster Co., Class A*

    745      21,523

Lindsay Corp.

    1,074      44,474

Met-Pro Corp.

    1,183      11,593

Middleby Corp.*

    1,392      80,165

Miller Industries, Inc.

    663    $ 8,241

Mueller Industries, Inc.

    2,854      76,459

Mueller Water Products, Inc., Class A

    11,962      57,178

NACCO Industries, Inc., Class A

    395      29,289

Nordson Corp.

    2,680      182,026

Omega Flex, Inc.

    45      472

PMFG, Inc.*

    982      12,992

Portec Rail Products, Inc.

    490      5,694

RBC Bearings, Inc.*

    1,623      51,725

Robbins & Myers, Inc.

    2,325      55,381

Sauer-Danfoss, Inc.*

    706      9,376

SmartHeat, Inc.*

    1,051      11,288

Sun Hydraulics Corp.

    897      23,304

Tecumseh Products Co., Class A*

    1,710      20,982

Tennant Co.

    1,399      38,319

Titan International, Inc.

    3,201      27,945

Trimas Corp.*

    873      5,666

Twin Disc, Inc.

    931      11,377

Watts Water Technologies, Inc., Class A

    2,250      69,885
         
        2,191,978
         

Marine (0.1%)

      

American Commercial Lines, Inc.*

    768      19,277

Eagle Bulk Shipping, Inc.*

    5,492      29,162

Genco Shipping & Trading Ltd.*

    2,210      46,653

Horizon Lines, Inc., Class A

    2,899      15,771

International Shipholding Corp.

    574      16,870

Ultrapetrol Bahamas Ltd.*

    1,212      6,654
         
        134,387
         

Professional Services (1.0%)

      

Acacia Research Corp.- Acacia Technologies*

    2,890      31,299

Administaff, Inc.

    1,562      33,333

Advisory Board Co.*

    1,379      43,439

Barrett Business Services, Inc.

    844      11,445

CBIZ, Inc.*

    2,971      19,519

CDI Corp.

    1,012      14,836

COMSYS IT Partners, Inc.*

    1,072      18,739

Corporate Executive Board Co.

    2,915      77,510

CoStar Group, Inc.*

    1,710      70,999

CRA International, Inc.*

    741      16,984

Diamond Management & Technology Consultants, Inc.

    2,328      18,275

Exponent, Inc.*

    1,251      35,679

Franklin Covey Co.*

    662      5,256

GP Strategies Corp.*

    1,670      13,961

Heidrick & Struggles International, Inc.

    1,502      42,101

Hill International, Inc.*

    1,536      8,955

Huron Consulting Group, Inc.*

    1,858      37,717

ICF International, Inc.*

    1,057      26,256

Kelly Services, Inc., Class A*

    2,315      38,568

Kforce, Inc.*

    2,521      38,344

Korn/Ferry International*

    3,829      67,582

Mistras Group, Inc.*

    601      6,004

Navigant Consulting, Inc.*

    3,764      45,657

Odyssey Marine Exploration, Inc.*

    3,209      4,204

On Assignment, Inc.*

    2,598      18,524

Resources Connection, Inc.*

    3,842      73,651

School Specialty, Inc.*

    1,711      38,857

SFN Group, Inc.*

    3,907      31,295

Towers Watson & Co., Class A

    3,386      160,835

TrueBlue, Inc.*

    3,751      58,140

Volt Information Sciences, Inc.*

    754      7,698

 

See Notes to Portfolio of Investments.

60

EQ ADVISORS TRUST

AXA TACTICAL MANAGER 2000 PORTFOLIO-I

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

VSE Corp.

    388    $ 15,970
         
        1,131,632
         
Road & Rail (0.7%)      

Amerco, Inc.*

    675      36,646

Arkansas Best Corp.

    2,166      64,720

Avis Budget Group, Inc.*

    8,443      97,095

Celadon Group, Inc.*

    1,542      21,495

Dollar Thrifty Automotive Group, Inc.*

    2,381      76,502

Genesee & Wyoming, Inc., Class A*

    2,903      99,050

Heartland Express, Inc.

    3,853      63,575

Knight Transportation, Inc.

    4,786      100,937

Marten Transport Ltd.*

    1,466      28,895

Old Dominion Freight Line, Inc.*

    2,378      79,401

Patriot Transportation Holding, Inc.*

    60      5,069

RailAmerica, Inc.*

    1,635      19,293

Saia, Inc.*

    1,324      18,377

Universal Truckload Services, Inc.*

    273      4,799

USA Truck, Inc.*

    356      5,753

Werner Enterprises, Inc.

    3,631      84,130

YRC Worldwide, Inc.*

    87,615      47,645
         
        853,382
         
Trading Companies & Distributors (0.6%)      

Aceto Corp.

    2,617      15,807

Aircastle Ltd.

    3,560      33,713

Applied Industrial Technologies, Inc.

    3,590      89,212

Beacon Roofing Supply, Inc.*

    3,852      73,689

BlueLinx Holdings, Inc.*

    483      1,840

DXP Enterprises, Inc.*

    414      5,287

H&E Equipment Services, Inc.*

    1,948      20,999

Houston Wire & Cable Co.

    1,680      19,454

Interline Brands, Inc.*

    2,458      47,046

Kaman Corp.

    1,939      48,494

Lawson Products, Inc.

    213      3,295

RSC Holdings, Inc.*

    3,560      28,338

Rush Enterprises, Inc., Class A*

    2,323      30,687

TAL International Group, Inc.

    1,076      21,498

Textainer Group Holdings Ltd.

    582      12,542

Titan Machinery, Inc.*

    1,290      17,660

United Rentals, Inc.*

    5,135      48,166

Watsco, Inc.

    2,226      126,615

Willis Lease Finance Corp.*

    334      5,271
         
        649,613
         
Transportation Infrastructure (0.0%)      

CAI International, Inc.*

    574      7,072
         

Total Industrials

         12,497,010
         

Information Technology (12.8%)

      
Communications Equipment (2.2%)      

3Com Corp.*

    31,259      240,382

Acme Packet, Inc.*

    3,287      63,373

ADC Telecommunications, Inc.*

    7,459      54,525

ADTRAN, Inc.

    4,630      122,000

Airvana, Inc.*

    1,620      12,409

Anaren, Inc.*

    1,093      15,564

Arris Group, Inc.*

    9,738      116,953

Aruba Networks, Inc.*

    4,580      62,563

Aviat Networks, Inc.*

    5,204      34,503

Bel Fuse, Inc., Class B

    694      13,984

BigBand Networks, Inc.*

    3,685      13,008

Black Box Corp.

    1,551      47,709

Blue Coat Systems, Inc.*

    3,316      102,929

Cogo Group, Inc.*

    1,851      12,938

Communications Systems, Inc.

    246    $ 3,181

Comtech Telecommunications Corp.*

    2,386      76,328

DG FastChannel, Inc.*

    1,767      56,456

Digi International, Inc.*

    2,331      24,802

Emcore Corp.*

    6,911      8,362

EMS Technologies, Inc.*

    1,438      23,871

Emulex Corp.*

    6,963      92,469

Extreme Networks, Inc.*

    6,357      19,516

Globecomm Systems, Inc.*

    1,309      10,066

Harmonic, Inc.*

    8,277      52,228

Hughes Communications, Inc.*

    622      17,323

Infinera Corp.*

    6,458      55,022

InterDigital, Inc.*

    3,684      102,636

Ixia*

    2,097      19,439

KVH Industries, Inc.*

    1,336      17,622

Loral Space & Communications, Inc.*

    801      28,131

NETGEAR, Inc.*

    2,922      76,264

Network Equipment Technologies, Inc.*

    1,900      10,469

Oplink Communications, Inc.*

    1,837      34,058

Opnext, Inc.*

    1,075      2,537

Palm, Inc.*

    13,850      52,076

Parkervision, Inc.*

    1,681      2,858

PC-Tel, Inc.*

    975      6,025

Plantronics, Inc.

    4,085      127,779

Polycom, Inc.*

    6,636      202,929

Powerwave Technologies, Inc.*

    12,678      15,847

Riverbed Technology, Inc.*

    4,300      122,120

SeaChange International, Inc.*

    2,990      21,468

ShoreTel, Inc.*

    3,209      21,211

Sonus Networks, Inc.*

    17,806      46,474

Sycamore Networks, Inc.

    1,363      27,410

Symmetricom, Inc.*

    3,067      17,881

Tekelec*

    5,618      102,023

UTStarcom, Inc.*

    8,153      22,747

ViaSat, Inc.*

    2,580      89,294
         
        2,521,762
         
Computers & Peripherals (0.5%)      

3PAR, Inc.*

    2,498      24,980

ActivIdentity Corp.*

    4,843      13,754

Adaptec, Inc.*

    8,827      28,864

Avid Technology, Inc.*

    2,040      28,111

Compellent Technologies, Inc.*

    1,504      26,395

Cray, Inc.*

    2,337      13,905

Electronics for Imaging, Inc.*

    3,307      38,460

Imation Corp.*

    2,128      23,429

Immersion Corp.*

    2,848      14,240

Intermec, Inc.*

    4,792      67,951

Intevac, Inc.*

    1,953      26,991

Isilon Systems, Inc.*

    1,756      15,119

Netezza Corp.*

    3,598      46,018

Novatel Wireless, Inc.*

    2,843      19,133

Quantum Corp.*

    17,946      47,198

Rimage Corp.*

    547      7,910

Silicon Graphics International Corp.*

    2,653      28,361

STEC, Inc.*

    2,211      26,488

Stratasys, Inc.*

    1,747      42,592

Super Micro Computer, Inc.*

    1,678      28,996

Synaptics, Inc.*

    2,896      79,959
         
        648,854
         
Electronic Equipment, Instruments & Components (1.5%)      

Agilysys, Inc.

    1,180      13,181

Anixter International, Inc.*

    2,498      117,031

Benchmark Electronics, Inc.*

    5,125      106,292

 

See Notes to Portfolio of Investments.

61

EQ ADVISORS TRUST

AXA TACTICAL MANAGER 2000 PORTFOLIO-I

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Brightpoint, Inc.*

    3,870    $ 29,141

Checkpoint Systems, Inc.*

    3,020      66,802

China Security & Surveillance Technology, Inc.*

    3,879      29,830

Cogent, Inc.*

    3,703      37,771

Cognex Corp.

    3,025      55,932

Coherent, Inc.*

    1,887      60,309

Comverge, Inc.*

    1,975      22,337

CPI International, Inc.*

    370      4,906

CTS Corp.

    2,406      22,665

Daktronics, Inc.

    3,091      23,553

DDi Corp.*

    1,441      8,170

DTS, Inc.*

    1,521      51,775

Echelon Corp.*

    2,358      21,151

Electro Rent Corp.

    1,125      14,771

Electro Scientific Industries, Inc.*

    1,974      25,287

FARO Technologies, Inc.*

    1,246      32,085

ICx Technologies, Inc.*

    1,279      8,915

Insight Enterprises, Inc.*

    3,526      50,633

IPG Photonics Corp.*

    1,693      25,056

L-1 Identity Solutions, Inc.*

    6,387      57,036

Littelfuse, Inc.*

    1,677      63,743

Maxwell Technologies, Inc.*

    2,014      24,953

Measurement Specialties, Inc.*

    1,008      14,828

Mercury Computer Systems, Inc.*

    1,651      22,652

Methode Electronics, Inc.

    3,284      32,512

MTS Systems Corp.

    1,224      35,533

Multi-Fineline Electronix, Inc.*

    661      17,027

Newport Corp.*

    2,691      33,638

OSI Systems, Inc.*

    1,369      38,400

PAR Technology Corp.*

    280      1,694

Park Electrochemical Corp.

    1,524      43,800

PC Connection, Inc.*

    451      2,796

PC Mall, Inc.*

    463      2,343

Plexus Corp.*

    3,290      118,539

Power-One, Inc.*

    6,821      28,785

RadiSys Corp.*

    2,194      19,658

RAE Systems, Inc.*

    1,995      1,626

Rofin-Sinar Technologies, Inc.*

    2,516      56,912

Rogers Corp.*

    1,388      40,266

Scansource, Inc.*

    2,266      65,215

SMART Modular Technologies (WWH), Inc.*

    2,638      20,339

Spectrum Control, Inc.*

    1,284      15,010

SYNNEX Corp.*

    1,693      50,045

Technitrol, Inc.

    3,798      20,053

TTM Technologies, Inc.*

    3,151      27,981

Universal Display Corp.*

    2,648      31,167

X-Rite, Inc.*

    1,474      4,466

Zygo Corp.*

    958      8,842
         
        1,727,452
         
Internet Software & Services (1.3%)      

Ancestry.com, Inc.*

    436      7,390

Archipelago Learning, Inc.*

    433      6,313

Art Technology Group, Inc.*

    12,122      53,458

comScore, Inc.*

    1,602      26,737

Constant Contact, Inc.*

    2,073      48,135

DealerTrack Holdings, Inc.*

    2,848      48,644

Dice Holdings, Inc.*

    895      6,802

Digital River, Inc.*

    3,208      97,202

DivX, Inc.*

    3,126      22,382

EarthLink, Inc.

    9,056      77,338

GSI Commerce, Inc.*

    2,346      64,914

Imergent, Inc.

    286      1,925

InfoSpace, Inc.*

    3,087      34,111

Innodata Isogen, Inc.*

    2,263    $ 9,165

Internap Network Services Corp.*

    4,562      25,547

Internet Brands, Inc., Class A*

    1,827      16,845

Internet Capital Group, Inc.*

    3,307      27,944

Ipass, Inc.*

    6,753      7,766

j2 Global Communications, Inc.*

    3,778      88,405

Keynote Systems, Inc.

    1,270      14,465

Knot, Inc.*

    2,085      16,305

Limelight Networks, Inc.*

    2,013      7,368

Liquidity Services, Inc.*

    1,000      11,540

LivePerson, Inc.*

    3,022      23,179

LogMeIn, Inc.*

    588      12,166

LoopNet, Inc.*

    1,524      17,130

Marchex, Inc., Class B

    2,169      11,084

MercadoLibre, Inc.*

    2,079      100,229

ModusLink Global Solutions, Inc.*

    3,994      33,669

Move, Inc.*

    13,728      28,691

NIC, Inc.

    3,655      28,765

OpenTable, Inc.*

    317      12,087

Openwave Systems, Inc.*

    7,836      18,023

Perficient, Inc.*

    2,427      27,352

QuinStreet, Inc.*

    759      12,911

Rackspace Hosting, Inc.*

    5,281      98,913

RealNetworks, Inc.*

    7,276      35,143

Saba Software, Inc.*

    2,508      12,415

SAVVIS, Inc.*

    2,782      45,903

Stamps.com, Inc.*

    471      4,757

support.com, Inc.*

    4,762      15,572

Switch & Data Facilities Co., Inc.*

    1,510      26,818

TechTarget, Inc.*

    499      2,610

Terremark Worldwide, Inc.*

    5,045      35,365

Travelzoo, Inc.*

    252      3,782

United Online, Inc.

    6,408      47,932

ValueClick, Inc.*

    7,341      74,438

Vocus, Inc.*

    1,159      19,761

Web.com Group, Inc.*

    2,599      14,165

Zix Corp.*

    6,313      14,583
         
        1,498,144
         
IT Services (1.5%)      

Acxiom Corp.*

    5,347      95,925

CACI International, Inc., Class A*

    2,509      122,565

Cass Information Systems, Inc.

    540      16,821

China Information Security Technology, Inc.*

    2,700      13,635

CIBER, Inc.*

    4,823      18,038

Computer Task Group, Inc.*

    903      6,547

CSG Systems International, Inc.*

    3,022      63,341

Cybersource Corp.*

    5,779      101,942

Dynamics Research Corp.*

    1,001      11,281

Echo Global Logistics, Inc.*

    208      2,685

eLoyalty Corp.*

    255      1,436

Euronet Worldwide, Inc.*

    3,790      69,850

ExlService Holdings, Inc.*

    1,051      17,531

Forrester Research, Inc.*

    1,404      42,218

Gartner, Inc.*

    5,603      124,611

Global Cash Access Holdings, Inc.*

    2,706      22,108

Hackett Group, Inc.*

    2,428      6,750

Heartland Payment Systems, Inc.

    3,202      59,557

iGATE Corp.

    1,534      14,926

infoGROUP, Inc.*

    2,431      18,962

Information Services Group, Inc.*

    1,138      3,881

Integral Systems, Inc.*

    1,741      16,766

Lionbridge Technologies, Inc.*

    3,977      14,436

ManTech International Corp., Class A*

    1,704      83,206

 

See Notes to Portfolio of Investments.

62

EQ ADVISORS TRUST

AXA TACTICAL MANAGER 2000 PORTFOLIO-I

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

MAXIMUS, Inc.

    1,485    $ 90,481

MoneyGram International, Inc.*

    7,393      28,167

NCI, Inc., Class A*

    658      19,891

Ness Technologies, Inc.*

    3,551      22,407

Online Resources Corp.*

    1,459      5,880

RightNow Technologies, Inc.*

    1,600      28,576

Sapient Corp.

    6,488      59,300

SRA International, Inc., Class A*

    3,188      66,278

StarTek, Inc.*

    1,313      9,125

Syntel, Inc.

    948      36,470

TeleTech Holdings, Inc.*

    2,437      41,624

Tier Technologies, Inc., Class B*

    870      6,925

TNS, Inc.*

    2,166      48,302

Unisys Corp.*

    3,382      117,998

VeriFone Holdings, Inc.*

    5,756      116,329

Virtusa Corp.*

    720      7,423

Wright Express Corp.*

    3,002      90,420
         
        1,744,614
         
Semiconductors & Semiconductor Equipment (2.7%)      

Actel Corp.*

    1,839      25,470

Advanced Analogic Technologies, Inc.*

    4,306      15,028

Advanced Energy Industries, Inc.*

    2,869      47,511

Amkor Technology, Inc.*

    8,514      60,194

ANADIGICS, Inc.*

    4,604      22,375

Applied Micro Circuits Corp.*

    5,706      49,243

Atheros Communications, Inc.*

    5,333      206,440

ATMI, Inc.*

    2,325      44,896

Brooks Automation, Inc.*

    4,888      43,112

Cabot Microelectronics Corp.*

    1,800      68,094

Cavium Networks, Inc.*

    3,101      77,091

CEVA, Inc.*

    1,873      21,839

Cirrus Logic, Inc.*

    5,681      47,664

Cohu, Inc.

    1,612      22,197

Cymer, Inc.*

    2,517      93,884

Diodes, Inc.*

    2,578      57,747

DSP Group, Inc.*

    2,207      18,384

Entegris, Inc.*

    10,084      50,823

Entropic Communications, Inc.*

    3,754      19,070

Exar Corp.*

    2,346      16,539

FEI Co.*

    3,192      73,129

FormFactor, Inc.*

    4,188      74,379

GSI Technology, Inc.*

    2,064      9,618

Hittite Microwave Corp.*

    1,651      72,594

IXYS Corp.*

    1,567      13,382

Kopin Corp.*

    4,816      17,819

Kulicke & Soffa Industries, Inc.*

    5,210      37,773

Lattice Semiconductor Corp.*

    10,246      37,603

MEMSIC, Inc.*

    546      1,742

Micrel, Inc.

    4,070      43,386

Microsemi Corp.*

    6,814      118,155

Microtune, Inc.*

    3,046      8,316

MIPS Technologies, Inc.*

    4,325      19,290

MKS Instruments, Inc.*

    3,815      74,736

Monolithic Power Systems, Inc.*

    2,581      57,556

Netlogic Microsystems, Inc.*

    3,935      115,807

NVE Corp.*

    451      20,430

OmniVision Technologies, Inc.*

    4,258      73,152

Pericom Semiconductor Corp.*

    1,756      18,807

Photronics, Inc.*

    3,799      19,337

PLX Technology, Inc.*

    3,503      18,461

Power Integrations, Inc.

    2,030      83,636

RF Micro Devices, Inc.*

    22,124      110,178

Rubicon Technology, Inc.*

    882      17,816

Rudolph Technologies, Inc.*

    2,806      24,047

Semtech Corp.*

    5,184    $ 90,357

Sigma Designs, Inc.*

    2,753      32,293

Silicon Image, Inc.*

    7,150      21,593

Silicon Storage Technology, Inc.*

    5,558      16,896

Skyworks Solutions, Inc.*

    13,805      215,358

Standard Microsystems Corp.*

    1,598      37,201

Supertex, Inc.*

    1,035      26,486

Techwell, Inc.*

    1,085      20,290

Tessera Technologies, Inc.*

    4,105      83,249

Trident Microsystems, Inc.*

    6,585      11,458

TriQuint Semiconductor, Inc.*

    12,409      86,863

Ultratech, Inc.*

    1,686      22,930

Veeco Instruments, Inc.*

    3,191      138,809

Virage Logic Corp.*

    925      7,271

Volterra Semiconductor Corp.*

    1,989      49,924

White Electronic Designs Corp.*

    2,433      17,031

Zoran Corp.*

    4,513      48,560
         
        3,095,319
         
Software (3.1%)      

ACI Worldwide, Inc.*

    2,640      54,410

Actuate Corp.*

    4,154      23,221

Advent Software, Inc.*

    1,147      51,328

American Software, Inc., Class A

    1,173      6,815

ArcSight, Inc.*

    1,603      45,124

Ariba, Inc.*

    7,376      94,782

AsiaInfo Holdings, Inc.*

    2,641      69,934

Blackbaud, Inc.

    3,403      85,722

Blackboard, Inc.*

    2,737      114,023

Bottomline Technologies, Inc.*

    2,349      39,534

Callidus Software, Inc.*

    1,191      4,323

China TransInfo Technology Corp.*

    1,209      8,149

Chordiant Software, Inc.*

    2,946      14,936

CommVault Systems, Inc.*

    3,232      69,003

Concur Technologies, Inc.*

    3,142      128,853

Deltek, Inc.*

    1,087      8,305

DemandTec, Inc.*

    1,228      8,535

Double-Take Software, Inc.*

    1,725      15,370

Ebix, Inc.*

    2,002      31,972

Epicor Software Corp.*

    3,499      33,450

EPIQ Systems, Inc.*

    2,932      36,445

ePlus, Inc.*

    208      3,650

Fair Isaac Corp.

    4,108      104,097

FalconStor Software, Inc.*

    2,268      7,893

Fortinet, Inc.*

    802      14,099

GSE Systems, Inc.*

    1,069      5,783

Informatica Corp.*

    6,994      187,859

Interactive Intelligence, Inc.*

    870      16,260

Jack Henry & Associates, Inc.

    6,657      160,167

JDA Software Group, Inc.*

    2,586      71,943

Kenexa Corp.*

    2,017      27,734

Lawson Software, Inc.*

    10,635      70,297

Manhattan Associates, Inc.*

    2,027      51,648

Mentor Graphics Corp.*

    8,171      65,531

MicroStrategy, Inc., Class A*

    772      65,674

Monotype Imaging Holdings, Inc.*

    1,489      14,488

Net 1 UEPS Technologies, Inc.*

    2,346      43,143

NetScout Systems, Inc.*

    1,795      26,548

NetSuite, Inc.*

    1,133      16,474

Opnet Technologies, Inc.

    1,207      19,457

Parametric Technology Corp.*

    9,354      168,840

Pegasystems, Inc.

    1,125      41,625

Pervasive Software, Inc.*

    597      3,021

Phoenix Technologies Ltd.*

    3,633      11,698

Progress Software Corp.*

    3,361      105,636

PROS Holdings, Inc.*

    1,275      12,597

 

See Notes to Portfolio of Investments.

63

EQ ADVISORS TRUST

AXA TACTICAL MANAGER 2000 PORTFOLIO-I

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

QAD, Inc.*

    501    $ 2,630

Quest Software, Inc.*

    4,700      83,613

Radiant Systems, Inc.*

    1,980      28,255

Renaissance Learning, Inc.

    305      4,950

Rosetta Stone, Inc.*

    633      15,053

S1 Corp.*

    4,817      28,420

Smith Micro Software, Inc.*

    2,056      18,175

SolarWinds, Inc.*

    885      19,169

Solera Holdings, Inc.

    5,555      214,701

SonicWALL, Inc.*

    4,722      41,034

Sourcefire, Inc.*

    1,911      43,857

SRS Labs, Inc.*

    576      5,725

SuccessFactors, Inc.*

    3,604      68,620

Symyx Technologies, Inc.*

    2,244      10,076

Synchronoss Technologies, Inc.*

    1,706      33,045

Take-Two Interactive Software, Inc.*

    6,864      67,610

Taleo Corp., Class A*

    3,083      79,881

TeleCommunication Systems, Inc., Class A*

    3,694      27,077

THQ, Inc.*

    5,860      41,079

TIBCO Software, Inc.*

    13,864      149,593

TiVo, Inc.*

    9,087      155,569

Tyler Technologies, Inc.*

    2,754      51,610

Ultimate Software Group, Inc.*

    2,099      69,162

Unica Corp.*

    804      7,148

VASCO Data Security International, Inc.*

    2,494      20,576

Websense, Inc.*

    3,766      85,752
         
        3,632,776
         

Total Information Technology

         14,868,921
         

Materials (3.3%)

      
Chemicals (1.6%)      

A. Schulman, Inc.

    1,764      43,165

American Vanguard Corp.

    1,548      12,616

Ampal American Israel, Class A*

    784      2,180

Arch Chemicals, Inc.

    1,924      66,166

Balchem Corp.

    2,379      58,642

Calgon Carbon Corp.*

    4,624      79,163

China Green Agriculture, Inc.*

    1,114      15,596

Ferro Corp.*

    6,731      59,166

H.B. Fuller Co.

    3,788      87,920

Hawkins, Inc.

    887      21,465

ICO, Inc.

    2,013      16,265

Innophos Holdings, Inc.

    1,492      41,627

Innospec, Inc.*

    1,698      19,289

Koppers Holdings, Inc.

    1,785      50,551

Kraton Performance Polymers, Inc.*

    858      15,324

Landec Corp.*

    2,654      17,596

LSB Industries, Inc.*

    1,248      19,020

Minerals Technologies, Inc.

    1,597      82,789

NewMarket Corp.

    848      87,336

NL Industries, Inc.

    166      1,424

Olin Corp.

    6,520      127,923

OM Group, Inc.*

    2,583      87,512

Omnova Solutions, Inc.*

    3,862      30,317

PolyOne Corp.*

    7,751      79,370

Quaker Chemical Corp.

    786      21,309

Rockwood Holdings, Inc.*

    3,889      103,525

Sensient Technologies Corp.

    3,823      111,096

ShengdaTech, Inc.*

    1,855      13,894

Solutia, Inc.*

    9,538      153,657

Spartech Corp.*

    2,262      26,465

Stepan Co.

    534      29,845

STR Holdings, Inc.*

    856      20,116

W.R. Grace & Co.*

    5,783    $ 160,536

Westlake Chemical Corp.

    1,413      36,441

Zep, Inc.

    1,872      40,959

Zoltek Cos., Inc.*

    2,569      24,765
         
        1,865,030
         
Construction Materials (0.1%)      

Headwaters, Inc.*

    5,393      24,754

Texas Industries, Inc.

    2,011      68,716

U.S. Concrete, Inc.*

    2,266      861

United States Lime & Minerals, Inc.*

    66      2,552
         
        96,883
         
Containers & Packaging (0.3%)      

AEP Industries, Inc.*

    520      13,530

Boise, Inc.*

    2,233      13,688

Bway Holding Co.*

    591      11,879

Graham Packaging Co., Inc.*

    1,485      18,637

Graphic Packaging Holding Co.*

    8,338      30,100

Myers Industries, Inc.

    2,241      23,486

Rock-Tenn Co., Class A

    3,191      145,414

Silgan Holdings, Inc.

    2,234      134,554
         
        391,288
         
Metals & Mining (0.8%)      

A.M. Castle & Co.*

    1,152      15,068

Allied Nevada Gold Corp.*

    4,307      71,367

AMCOL International Corp.

    1,795      48,824

Brush Engineered Materials, Inc.*

    1,506      33,991

Century Aluminum Co.*

    4,770      65,635

China Precision Steel, Inc.*

    1,744      3,662

Coeur d’Alene Mines Corp.*

    6,360      95,273

General Moly, Inc.*

    5,926      19,674

General Steel Holdings, Inc.*

    2,248      9,239

Haynes International, Inc.

    882      31,338

Hecla Mining Co.*

    19,641      107,436

Horsehead Holding Corp.*

    3,302      39,096

Kaiser Aluminum Corp.

    1,156      44,587

Olympic Steel, Inc.

    836      27,295

Paramount Gold and Silver Corp.*

    7,841      10,899

RTI International Metals, Inc.*

    2,518      76,371

Stillwater Mining Co.*

    3,506      45,508

Sutor Technology Group Ltd.*

    424      1,230

U.S. Gold Corp.*

    7,500      20,250

Universal Stainless & Alloy Products, Inc.*

    408      9,788

Worthington Industries, Inc.

    5,086      87,937
         
        864,468
         
Paper & Forest Products (0.5%)      

Buckeye Technologies, Inc.*

    3,326      43,504

Clearwater Paper Corp.*

    897      44,177

Deltic Timber Corp.

    790      34,799

Domtar Corp.*

    3,315      213,519

Glatfelter

    3,943      57,134

KapStone Paper and Packaging Corp.*

    2,426      28,797

Louisiana-Pacific Corp.*

    10,014      90,627

Neenah Paper, Inc.

    1,078      17,075

Schweitzer-Mauduit International, Inc.

    1,485      70,627

Wausau Paper Corp.*

    3,239      27,661
         
        627,920
         

Total Materials

         3,845,589
         

Telecommunication Services (0.6%)

      
Diversified Telecommunication Services (0.4%)      

AboveNet, Inc.*

    1,065      54,027

Alaska Communications Systems Group, Inc.

    4,021      32,651

 

See Notes to Portfolio of Investments.

64

EQ ADVISORS TRUST

AXA TACTICAL MANAGER 2000 PORTFOLIO-I

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Atlantic Tele-Network, Inc.

    646    $ 29,025

Cbeyond, Inc.*

    2,127      29,097

Cincinnati Bell, Inc.*

    15,528      52,951

Cogent Communications Group, Inc.*

    3,828      39,849

Consolidated Communications Holdings, Inc.

    2,112      40,044

General Communication, Inc., Class A*

    2,995      17,281

Global Crossing Ltd.*

    2,146      32,512

HickoryTech Corp.

    1,488      13,139

inContact, Inc.*

    1,442      4,110

Iowa Telecommunications Services, Inc.

    2,421      40,431

Neutral Tandem, Inc.*

    2,846      45,479

PAETEC Holding Corp.*

    9,390      43,945

Premiere Global Services, Inc.*

    4,489      37,079

SureWest Communications*

    1,526      13,108
         
        524,728
         
Wireless Telecommunication Services (0.2%)      

NTELOS Holdings Corp.

    2,686      47,784

Shenandoah Telecommunications Co.

    1,711      32,167

Syniverse Holdings, Inc.*

    5,362      104,398

USA Mobility, Inc.*

    2,166      27,443
         
        211,792
         

Total Telecommunication Services

         736,520
         

Utilities (2.1%)

      
Electric Utilities (0.8%)      

Allete, Inc.

    2,705      90,563

Central Vermont Public Service Corp.

    1,487      29,993

Cleco Corp.

    4,884      129,670

El Paso Electric Co.*

    3,466      71,400

Empire District Electric Co.

    3,553      64,025

IDACORP, Inc.

    4,321      149,593

MGE Energy, Inc.

    1,765      62,410

PNM Resources, Inc.

    7,781      97,496

Portland General Electric Co.

    6,963      134,456

UIL Holdings Corp.

    2,371      65,203

UniSource Energy Corp.

    1,050      33,012

Unitil Corp.

    1,252      29,109
         
        956,930
         
Gas Utilities (0.9%)      

Chesapeake Utilities Corp.

    897      26,731

Laclede Group, Inc.

    1,687      56,886

New Jersey Resources Corp.

    3,527      132,474

Nicor, Inc.

    3,739      156,739

Northwest Natural Gas Co.

    2,071      96,508

Piedmont Natural Gas Co., Inc.

    6,105      168,376

South Jersey Industries, Inc.

    2,409      101,154

Southwest Gas Corp.

    3,508      104,959

WGL Holdings, Inc.

    3,968      137,491
         
        981,318
         
Independent Power Producers & Energy Traders (0.0%)      

U.S. Geothermal, Inc.*

    11,542      10,503
         
Multi-Utilities (0.2%)      

Avista Corp.

    4,790      99,201

Black Hills Corp.

    1,193      36,207

CH Energy Group, Inc.

    1,306      53,337

NorthWestern Corp.

    3,280      87,937
         
        276,682
         
Water Utilities (0.2%)      

American States Water Co.

    1,387      48,129

Artesian Resources Corp., Class A

    738      13,033

Cadiz, Inc.*

    1,110    $ 14,175

California Water Service Group

    1,709      64,275

Connecticut Water Service, Inc.

    678      15,777

Consolidated Water Co., Ltd.

    1,477      20,058

Middlesex Water Co.

    903      15,396

Pennichuck Corp.

    483      11,355

SJW Corp.

    875      22,243

Southwest Water Co.

    2,351      24,544

York Water Co.

    729      10,024
         
        259,009
         

Total Utilities

         2,484,442
         

Total Common Stocks (71.2%)
(Cost $76,956,948)

         82,777,450
         

INVESTMENT COMPANY:

      
Investment Company (0.0%)      

Kayne Anderson Energy Development Co.
(Cost $15,448)

    1,034      16,709
         

 

     Principal
Amount		    Value
(Note 1)

SHORT-TERM INVESTMENT:

      

Short-Term Investment (26.5%)

      

BlackRock Liquidity Funds TempFund

      

0.11% ‡

      

(Amortized Cost $30,826,153)

    $ 30,826,153      30,826,153
         

Total Investments (97.7%)
(Cost $107,798,549)

         113,620,312

Other Assets Less Liabilities (2.3%)

      2,666,337
         

Net Assets (100%)

       $ 116,286,649
         

 

* Non-income producing.

 

‡ Affiliated company as defined under the Investment Company Act of 1940.

 

See Notes to Portfolio of Investments.

65

EQ ADVISORS TRUST

AXA TACTICAL MANAGER 2000 PORTFOLIO-I

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

Investments in companies which were affiliates for the three months ended March 31, 2010, were as follows:

 

Securities

    Market Value
December 31, 2009		    Purchases
at Cost		    Sales
at Cost		    Market Value
March 31, 2010		    Dividend
Income		    Realized
Gain (Loss)

BlackRock Liquidity Funds TempFund

    $ 16,591,734    $ 54,782,602    $ 40,548,183    $ 30,826,153    $ 4,569    $ —  
                                         

At March 31, 2010, the Portfolio had the following futures contracts open: (Note 1)

 

      Number of
Contracts		    Expiration
Date		    Original
Value		    Value at
3/31/2010		    Unrealized
Appreciation/
(Depreciation)

Purchase

               

Russell 2000 Mini Index

    480    June-10    $ 32,431,144    $ 32,500,800    $ 69,656
                  

The following is a summary of the inputs used to value the Portfolio’s assets and liabilities carried at fair value as of March 31, 2010:

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, money market securities are valued using amortized cost, in accordance with rules under the Investment Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active market, such securities are reflected as Level 2.

Various inputs are used in determining the value of the Portfolio’s investments. These inputs are summarized in the three broad levels listed below:

 

Investment Type

    Level 1
Quoted prices in active
markets for identical
securities		    Level 2
Significant other
observable inputs
(including quoted prices
for similar securities,
interest rates,
prepayment speeds,
credit risk, etc.)		    Level 3
Significant unobservable
inputs (including the
Portfolio’s own
assumptions in
determining the fair
value of investments)		    Total

Assets:

            

Common Stocks

            

Consumer Discretionary

    $ 12,373,443    $ —      $ —      $ 12,373,443

Consumer Staples

      2,638,021      —        —        2,638,021

Energy

      4,100,472      —        —        4,100,472

Financials

      17,386,011      —        —        17,386,011

Health Care

      11,847,021      —        —        11,847,021

Industrials

      12,492,654      4,356      —        12,497,010

Information Technology

      14,868,921      —        —        14,868,921

Materials

      3,845,589      —        —        3,845,589

Telecommunication Services

      736,520      —        —        736,520

Utilities

      2,484,442      —        —        2,484,442

Futures

      69,656      —        —        69,656

Investment Companies

            

Investment Companies

      16,709      —        —        16,709

Short-Term Investments

      —        30,826,153      —        30,826,153
                           

Total Assets

    $ 82,859,459    $ 30,830,509    $ —      $ 113,689,968
                           

Total Liabilities

    $ —      $ —      $ —      $ —  
                           

Total

    $ 82,859,459    $ 30,830,509    $ —      $ 113,689,968
                           

Investment security transactions for the three months ended March 31, 2010 were as follows:

 

Cost of Purchases:

   

Stocks and long-term corporate debt securities

    $ 43,664,921

Net Proceeds of Sales and Redemptions:

   

Stocks and long-term corporate debt securities

    $ 2,243,846

 

See Notes to Portfolio of Investments.

66

EQ ADVISORS TRUST

AXA TACTICAL MANAGER 2000 PORTFOLIO-I

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

As of March 31, 2010, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investments for Federal income tax purposes was as follows:

 

Aggregate gross unrealized appreciation

    $ 6,849,942   

Aggregate gross unrealized depreciation

      (1,049,856 ) 
        

Net unrealized appreciation

    $ 5,800,086   
        

Federal income tax cost of investments

    $ 107,820,226   
        

 

See Notes to Portfolio of Investments.

67

EQ ADVISORS TRUST

AXA TACTICAL MANAGER 2000 PORTFOLIO-II

PORTFOLIO OF INVESTMENTS

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

COMMON STOCKS:

      

Consumer Discretionary (8.0%)

      
Auto Components (0.5%)      

American Axle & Manufacturing Holdings, Inc.*

    23,342    $ 232,953

Amerigon, Inc.*

    12,544      126,820

ArvinMeritor, Inc.*

    37,402      499,317

China Automotive Systems, Inc.*

    5,330      123,176

Cooper Tire & Rubber Co.

    25,848      491,629

Dana Holding Corp.*

    61,100      725,868

Dorman Products, Inc.*

    7,391      140,355

Drew Industries, Inc.*

    7,289      160,504

Exide Technologies, Inc.*

    21,887      125,850

Fuel Systems Solutions, Inc.*

    6,507      207,964

Hawk Corp., Class A*

    3,886      75,777

Modine Manufacturing Co.*

    18,729      210,514

Raser Technologies, Inc.*

    16,680      16,680

Spartan Motors, Inc.

    6,409      35,890

Standard Motor Products, Inc.

    15,139      150,179

Stoneridge, Inc.*

    7,905      78,181

Superior Industries International, Inc.

    10,276      165,238

Tenneco, Inc.*

    26,606      629,232

Wonder Auto Technology, Inc.*

    8,590      90,882
         
        4,287,009
         
Automobiles (0.0%)      

Winnebago Industries, Inc.*

    12,070      176,343
         
Distributors (0.0%)      

Audiovox Corp., Class A*

    16,520      128,525

Core-Mark Holding Co., Inc.*

    3,895      119,226
         
        247,751
         
Diversified Consumer Services (0.7%)      

American Public Education, Inc.*

    8,214      382,772

Bridgepoint Education, Inc.*

    6,916      169,995

Capella Education Co.*

    6,590      611,816

ChinaCast Education Corp.*

    14,204      103,831

Coinstar, Inc.*

    13,902      451,815

Corinthian Colleges, Inc.*

    35,596      626,134

CPI Corp.

    1,661      23,021

Grand Canyon Education, Inc.*

    5,703      149,076

Jackson Hewitt Tax Service, Inc.*

    22,719      45,438

K12, Inc.*

    10,547      234,249

Learning Tree International, Inc.*

    6,451      90,766

Lincoln Educational Services Corp.*

    5,054      127,866

Mac-Gray Corp.

    5,809      65,584

Matthews International Corp., Class A

    13,166      467,393

Pre-Paid Legal Services, Inc.*

    3,367      127,441

Princeton Review, Inc.*

    13,538      47,248

Regis Corp.

    26,253      490,406

Sotheby’s, Inc.

    31,229      970,910

Steiner Leisure Ltd.*

    5,786      256,435

Stewart Enterprises, Inc., Class A

    33,181      207,381

Universal Technical Institute, Inc.*

    8,028      183,199
         
        5,832,776
         
Hotels, Restaurants & Leisure (1.4%)      

AFC Enterprises, Inc.*

    11,459      122,955

Ambassadors Group, Inc.

    10,700      118,235

Ameristar Casinos, Inc.

    11,243      204,847

Bally Technologies, Inc.*

    24,784      1,004,743

Benihana, Inc., Class A*

    2,056      13,364

BJ’s Restaurants, Inc.*

    9,109      212,240

Bluegreen Corp.*

    873      2,855

Bob Evans Farms, Inc.

    13,908    $ 429,896

Buffalo Wild Wings, Inc.*

    8,108      390,076

California Pizza Kitchen, Inc.*

    7,718      129,585

Caribou Coffee Co., Inc.*

    5,824      38,555

Carrols Restaurant Group, Inc.*

    9,228      62,750

CEC Entertainment, Inc.*

    10,687      407,068

Cheesecake Factory, Inc.*

    27,074      732,622

Churchill Downs, Inc.

    4,100      153,750

CKE Restaurants, Inc.

    21,524      238,271

Cracker Barrel Old Country Store, Inc.

    9,552      443,022

Denny’s Corp.*

    41,524      159,452

DineEquity, Inc.*

    7,941      313,908

Domino’s Pizza, Inc.*

    17,141      233,803

Dover Downs Gaming & Entertainment, Inc.

    7,778      30,801

Einstein Noah Restaurant Group, Inc.*

    3,945      47,932

Frisch’s Restaurants, Inc.

    1,859      41,084

Gaylord Entertainment Co.*

    17,435      510,671

Great Wolf Resorts, Inc.*

    4,442      14,126

Interval Leisure Group, Inc.*

    17,411      253,504

Isle of Capri Casinos, Inc.*

    12,310      95,772

Jack in the Box, Inc.*

    24,453      575,868

Krispy Kreme Doughnuts, Inc.*

    28,545      114,751

Lakes Entertainment, Inc.*

    1,517      3,489

Landry’s Restaurants, Inc.*

    5,209      93,345

Life Time Fitness, Inc.*

    17,692      497,145

Luby’s, Inc.*

    14,197      55,936

Marcus Corp.

    9,129      118,586

McCormick & Schmick’s Seafood Restaurants, Inc.*

    3,846      38,729

Monarch Casino & Resort, Inc.*

    1,179      10,069

Morgans Hotel Group Co.*

    12,540      80,381

Multimedia Games, Inc.*

    13,128      51,199

O’Charleys, Inc.*

    10,714      95,783

Orient-Express Hotels Ltd., Class A*

    36,427      516,535

P.F. Chang’s China Bistro, Inc.*

    10,639      469,499

Papa John’s International, Inc.*

    8,507      218,715

Peet’s Coffee & Tea, Inc.*

    5,039      199,796

Pinnacle Entertainment, Inc.*

    26,462      257,740

Red Lion Hotels Corp.*

    3,589      25,913

Red Robin Gourmet Burgers, Inc.*

    6,324      154,559

Ruby Tuesday, Inc.*

    26,145      276,353

Ruth’s Hospitality Group, Inc.*

    5,662      30,009

Shuffle Master, Inc.*

    21,677      177,535

Sonic Corp.*

    26,257      290,140

Speedway Motorsports, Inc.

    6,702      104,618

Steak n Shake Co.*

    565      215,418

Texas Roadhouse, Inc.*

    21,712      301,580

Town Sports International Holdings, Inc.*

    3,228      12,621

Universal Travel Group*

    7,896      78,249

Vail Resorts, Inc.*

    13,365      535,803

Youbet.com, Inc.*

    7,359      21,635
         
        12,027,886
         
Household Durables (0.7%)      

American Greetings Corp., Class A

    17,315      360,845

Beazer Homes USA, Inc.*

    24,510      111,275

Blyth, Inc.

    3,978      124,312

Brookfield Homes Corp.*

    12,461      108,909

Cavco Industries, Inc.*

    2,784      95,046

CSS Industries, Inc.

    6,311      126,851

Ethan Allen Interiors, Inc.

    9,962      205,516

 

See Notes to Portfolio of Investments.

68

EQ ADVISORS TRUST

AXA TACTICAL MANAGER 2000 PORTFOLIO-II

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Furniture Brands International, Inc.*

    21,284    $ 136,856

Helen of Troy Ltd.*

    13,436      350,142

Hooker Furniture Corp.

    7,520      120,922

Hovnanian Enterprises, Inc., Class A*

    31,970      139,070

iRobot Corp.*

    7,563      114,655

La-Z-Boy, Inc.*

    20,988      263,190

M/I Homes, Inc.*

    4,781      70,042

Meritage Homes Corp.*

    14,100      296,100

National Presto Industries, Inc.

    1,992      236,869

NIVS IntelliMedia Technology Group, Inc.*

    21,098      81,016

Ryland Group, Inc.

    19,842      445,254

Sealy Corp.*

    22,576      79,016

Skyline Corp.

    4,524      84,146

Standard Pacific Corp.*

    42,169      190,604

Stanley Furniture Co., Inc.*

    1,793      18,217

Tempur-Pedic International, Inc.*

    34,955      1,054,243

Tupperware Brands Corp.

    29,201      1,408,072

Universal Electronics, Inc.*

    6,411      143,222
         
        6,364,390
         

Internet & Catalog Retail (0.3%)

      

1-800-FLOWERS.COM, Inc., Class A*

    24,910      62,524

Blue Nile, Inc.*

    6,030      331,771

Drugstore.Com, Inc.*

    34,544      123,322

Gaiam, Inc., Class A

    9,216      76,493

HSN, Inc.*

    17,175      505,632

NutriSystem, Inc.

    13,814      246,027

Orbitz Worldwide, Inc.*

    18,193      129,352

Overstock.com, Inc.*

    6,933      112,661

PetMed Express, Inc.

    10,809      239,635

Shutterfly, Inc.*

    8,530      205,488

U.S. Auto Parts Network, Inc.*

    11,159      83,916

Vitacost.com, Inc.*

    6,765      81,518
         
        2,198,339
         

Leisure Equipment & Products (0.4%)

      

Brunswick Corp.

    38,998      622,798

Callaway Golf Co.

    29,496      260,155

Eastman Kodak Co.*

    125,250      725,198

JAKKS Pacific, Inc.*

    12,986      169,467

Leapfrog Enterprises, Inc.*

    16,889      110,623

Marine Products Corp.*

    11,596      69,576

Polaris Industries, Inc.

    14,444      738,955

Pool Corp.

    21,132      478,428

RC2 Corp.*

    9,142      136,856

Smith & Wesson Holding Corp.*

    24,227      91,578

Sport Supply Group, Inc.

    6,665      89,578

Steinway Musical Instruments, Inc.*

    5,603      105,504

Sturm Ruger & Co., Inc.

    13,858      166,157
         
        3,764,873
         

Media (0.6%)

      

Arbitron, Inc.

    11,922      317,841

Ascent Media Corp., Class A*

    5,618      153,090

Belo Corp., Class A

    37,829      257,994

Carmike Cinemas, Inc.*

    2,836      39,335

Cinemark Holdings, Inc.

    14,213      260,666

CKX, Inc.*

    21,934      134,455

Crown Media Holdings, Inc., Class A*

    56,590      108,653

Dolan Media Co.*

    12,966      140,940

EW Scripps Co., Class A*

    11,771      99,465

Fisher Communications, Inc.*

    3,077      43,386

Global Sources Ltd.*

    19,273      125,467

Harte-Hanks, Inc.

    15,092      194,083

Journal Communications, Inc., Class A*

    20,560    $ 86,352

Knology, Inc.*

    13,215      177,610

LIN TV Corp., Class A*

    18,432      105,984

Live Nation Entertainment, Inc.*

    63,275      917,487

LodgeNet Interactive Corp.*

    9,733      67,839

Martha Stewart Living Omnimedia, Inc., Class A*

    25,761      143,746

Mediacom Communications Corp., Class A*

    28,514      169,658

National CineMedia, Inc.

    17,819      307,556

Outdoor Channel Holdings, Inc.*

    11,108      73,202

Playboy Enterprises, Inc., Class B*

    7,057      25,829

PRIMEDIA, Inc.

    19,358      66,592

RCN Corp.*

    16,494      248,730

Reading International, Inc., Class A*

    11,025      47,077

Rentrak Corp.*

    4,336      93,441

Scholastic Corp.

    9,489      265,692

Sinclair Broadcast Group, Inc., Class A*

    23,760      120,701

Valassis Communications, Inc.*

    21,219      590,525

Value Line, Inc.

    2,400      55,416

World Wrestling Entertainment, Inc., Class A

    9,195      159,073
         
        5,597,885
         

Multiline Retail (0.2%)

      

99 Cents Only Stores*

    19,823      323,115

Dillard’s, Inc., Class A

    22,761      537,160

Fred’s, Inc., Class A

    16,521      197,922

Retail Ventures, Inc.*

    12,801      121,737

Saks, Inc.*

    59,337      510,298

Tuesday Morning Corp.*

    17,426      114,837
         
        1,805,069
         

Specialty Retail (1.9%)

      

America’s Car-Mart, Inc.*

    4,922      118,719

AnnTaylor Stores Corp.*

    25,941      536,979

Asbury Automotive Group, Inc.*

    12,747      169,535

bebe Stores, Inc.

    4,917      43,761

Big 5 Sporting Goods Corp.

    9,343      142,200

Books-A-Million, Inc.

    630      4,561

Borders Group, Inc.*

    29,388      50,547

Brown Shoe Co., Inc.

    20,539      317,944

Buckle, Inc.

    11,591      426,085

Build-A-Bear Workshop, Inc.*

    9,716      69,178

Cabela’s, Inc.*

    18,016      315,100

Cato Corp., Class A

    11,191      239,935

Charming Shoppes, Inc.*

    49,058      267,857

Children’s Place Retail Stores, Inc.*

    9,908      441,401

Christopher & Banks Corp.

    15,076      120,608

Citi Trends, Inc.*

    6,243      202,523

Coldwater Creek, Inc.*

    20,917      145,164

Collective Brands, Inc.*

    29,176      663,462

Conn’s, Inc.*

    10,505      82,254

Destination Maternity Corp.*

    3,052      78,314

Dress Barn, Inc.*

    26,231      686,203

DSW, Inc., Class A*

    5,729      146,261

Finish Line, Inc., Class A

    19,009      310,227

Genesco, Inc.*

    10,019      310,689

Group 1 Automotive, Inc.*

    11,428      364,096

Gymboree Corp.*

    13,009      671,655

Haverty Furniture Cos., Inc.

    7,384      120,507

hhgregg, Inc.*

    5,962      150,481

Hibbett Sports, Inc.*

    12,026      307,625

HOT Topic, Inc.*

    18,137      117,891

 

See Notes to Portfolio of Investments.

69

EQ ADVISORS TRUST

AXA TACTICAL MANAGER 2000 PORTFOLIO-II

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

J. Crew Group, Inc.*

    23,465    $ 1,077,043

Jo-Ann Stores, Inc.*

    12,173      511,023

JoS. A. Bank Clothiers, Inc.*

    8,727      476,931

Kirkland’s, Inc.*

    6,875      144,375

Lithia Motors, Inc., Class A*

    16,352      104,653

Lumber Liquidators Holdings, Inc.*

    5,814      155,059

Men’s Wearhouse, Inc.

    22,825      546,431

Midas, Inc.*

    8,806      99,332

Monro Muffler Brake, Inc.

    7,671      274,315

New York & Co., Inc.*

    17,149      82,144

OfficeMax, Inc.*

    34,745      570,513

Pacific Sunwear of California, Inc.*

    26,474      140,577

PEP Boys-Manny, Moe & Jack

    20,834      209,382

Pier 1 Imports, Inc.*

    50,182      319,659

Rent-A-Center, Inc.*

    31,092      735,326

REX Stores Corp.*

    4,230      68,526

Rue21, Inc.*

    3,461      119,993

Sally Beauty Holdings, Inc.*

    39,727      354,365

Shoe Carnival, Inc.*

    4,443      101,567

Sonic Automotive, Inc., Class A*

    13,052      143,572

Stage Stores, Inc.

    16,778      258,213

Stein Mart, Inc.*

    15,482      139,802

Syms Corp.*

    7,615      75,845

Systemax, Inc.

    6,181      134,375

Talbots, Inc.*

    16,548      214,462

Tractor Supply Co.

    16,786      974,427

Ulta Salon Cosmetics & Fragrance, Inc.*

    12,444      281,483

Vitamin Shoppe, Inc.*

    4,695      105,403

West Marine, Inc.*

    7,572      82,156

Wet Seal, Inc., Class A*

    36,522      173,845

Zale Corp.*

    17,769      48,687

Zumiez, Inc.*

    7,961      163,121
         
        16,508,367
         
Textiles, Apparel & Luxury Goods (1.3%)      

American Apparel, Inc.*

    27,771      84,146

Carter’s, Inc.*

    26,612      802,352

Cherokee, Inc.

    7,437      133,866

Columbia Sportswear Co.

    4,726      248,257

Crocs, Inc.*

    37,485      328,743

Deckers Outdoor Corp.*

    6,108      842,904

Fossil, Inc.*

    21,280      803,107

Fuqi International, Inc.*

    6,312      68,801

G-III Apparel Group Ltd.*

    5,629      155,135

Iconix Brand Group, Inc.*

    31,322      481,106

Jones Apparel Group, Inc.

    39,000      741,780

Kenneth Cole Productions, Inc., Class A*

    6,753      86,506

K-Swiss, Inc., Class A*

    11,074      115,834

Liz Claiborne, Inc.*

    40,484      300,796

Lululemon Athletica, Inc.*

    18,052      749,158

Maidenform Brands, Inc.*

    7,355      160,707

Movado Group, Inc.*

    12,595      142,072

Oxford Industries, Inc.

    4,592      93,355

Perry Ellis International, Inc.*

    6,126      138,754

Quiksilver, Inc.*

    50,673      239,683

Skechers U.S.A., Inc., Class A*

    14,694      533,686

Steven Madden Ltd.*

    7,205      351,604

Timberland Co., Class A*

    18,472      394,193

True Religion Apparel, Inc.*

    11,325      343,827

Under Armour, Inc., Class A*

    15,094      443,915

Unifi, Inc.*

    21,191      77,135

UniFirst Corp.

    6,388      328,982

Volcom, Inc.*

    8,068      157,487

Warnaco Group, Inc.*

    21,442      1,022,998

Weyco Group, Inc.

    2,857    $ 67,197

Wolverine World Wide, Inc.

    22,239      648,489
         
        11,086,575
         

Total Consumer Discretionary

         69,897,263
         

Consumer Staples (1.7%)

      
Beverages (0.1%)      

Boston Beer Co., Inc., Class A*

    4,099      214,214

Coca-Cola Bottling Co. Consolidated

    2,250      131,985

Heckmann Corp.*

    38,083      220,881

National Beverage Corp.

    6,439      71,602
         
        638,682
         
Food & Staples Retailing (0.4%)      

Andersons, Inc.

    7,833      262,249

Arden Group, Inc., Class A

    1,129      119,990

Casey’s General Stores, Inc.

    23,655      742,767

Diedrich Coffee, Inc.*

    1,802      62,710

Great Atlantic & Pacific Tea Co., Inc.*

    14,316      109,804

Ingles Markets, Inc., Class A

    8,870      133,316

Nash Finch Co.

    4,962      166,971

Pantry, Inc.*

    10,613      132,556

Pricesmart, Inc.

    6,072      141,174

Ruddick Corp.

    19,223      608,216

Spartan Stores, Inc.

    10,826      156,111

Susser Holdings Corp.*

    11,581      97,859

United Natural Foods, Inc.*

    18,598      523,162

Village Super Market, Inc., Class A

    3,565      99,927

Weis Markets, Inc.

    4,245      154,348

Winn-Dixie Stores, Inc.*

    23,090      288,394
         
        3,799,554
         
Food Products (0.8%)      

AgFeed Industries, Inc.*

    19,891      87,321

Alico, Inc.

    4,473      112,943

American Dairy, Inc.*

    4,210      80,621

American Italian Pasta Co., Class A*

    9,196      357,449

B&G Foods, Inc., Class A

    16,835      176,431

Calavo Growers, Inc.

    5,686      103,713

Cal-Maine Foods, Inc.

    6,136      207,949

Chiquita Brands International, Inc.*

    19,945      313,735

Darling International, Inc.*

    36,714      328,957

Diamond Foods, Inc.

    8,593      361,250

Dole Food Co., Inc.*

    14,980      177,513

Farmer Bros Co.

    6,504      121,885

Fresh Del Monte Produce, Inc.*

    17,611      356,623

Griffin Land & Nurseries, Inc.

    2,340      67,977

Hain Celestial Group, Inc.*

    18,436      319,865

Harbinger Group, Inc.*

    459      3,107

HQ Sustainable Maritime Industries, Inc.*

    4,388      26,328

Imperial Sugar Co.

    6,891      106,879

J&J Snack Foods Corp.

    5,823      253,126

Lancaster Colony Corp.

    8,394      494,910

Lance, Inc.

    11,890      275,016

Lifeway Foods, Inc.*

    4,443      52,738

Omega Protein Corp.*

    2,984      17,158

Overhill Farms, Inc.*

    2,539      14,802

Sanderson Farms, Inc.

    9,375      502,594

Seneca Foods Corp., Class A*

    3,881      113,015

Smart Balance, Inc.*

    24,121      156,304

Synutra International, Inc.*

    8,374      189,336

Tootsie Roll Industries, Inc.

    10,212      276,043

TreeHouse Foods, Inc.*

    15,085      661,779

 

See Notes to Portfolio of Investments.

70

EQ ADVISORS TRUST

AXA TACTICAL MANAGER 2000 PORTFOLIO-II

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Zhongpin, Inc.*

    11,408    $ 144,882
         
        6,462,249
         
Household Products (0.1%)      

Cellu Tissue Holdings, Inc.*

    2,455      24,501

Central Garden & Pet Co., Class A*

    26,384      241,677

Oil-Dri Corp. of America

    4,029      77,881

Orchids Paper Products Co.*

    4,052      66,655

WD-40 Co.

    7,222      237,098
         
        647,812
         
Personal Products (0.2%)      

American Oriental Bioengineering, Inc.*

    32,670      133,294

China Sky One Medical, Inc.*

    7,553      118,658

China-Biotics, Inc.*

    5,829      104,397

Elizabeth Arden, Inc.*

    11,138      200,484

Female Health Co.

    4,190      30,042

Inter Parfums, Inc.

    6,915      102,480

Mannatech, Inc.

    3,916      13,079

Medifast, Inc.*

    5,869      147,488

Nu Skin Enterprises, Inc., Class A

    22,426      652,597

Nutraceutical International Corp.*

    1,970      29,432

Prestige Brands Holdings, Inc.*

    7,139      64,251

Revlon, Inc., Class A*

    8,459      125,616

Schiff Nutrition International, Inc.

    10,543      86,242

USANA Health Sciences, Inc.*

    4,392      137,953
         
        1,946,013
         
Tobacco (0.1%)      

Alliance One International, Inc.*

    45,397      231,071

Star Scientific, Inc.*

    31,641      80,684

Universal Corp.

    11,194      589,812

Vector Group Ltd.

    15,512      239,350
         
        1,140,917
         

Total Consumer Staples

         14,635,227
         

Energy (2.6%)

      
Energy Equipment & Services (0.8%)      

Allis-Chalmers Energy, Inc.*

    21,218      75,112

Basic Energy Services, Inc.*

    11,344      87,462

Bolt Technology Corp.*

    5,894      66,661

Boots & Coots, Inc.*

    20,132      48,921

Bristow Group, Inc.*

    15,652      590,550

Bronco Drilling Co., Inc.*

    17,415      81,851

Cal Dive International, Inc.*

    15,513      113,710

CARBO Ceramics, Inc.

    9,089      566,608

Complete Production Services, Inc.*

    24,705      285,343

Dawson Geophysical Co.*

    3,762      110,001

Dril-Quip, Inc.*

    13,607      827,850

ENGlobal Corp.*

    12,622      34,963

Geokinetics, Inc.*

    1,375      9,914

Global Industries Ltd.*

    42,175      270,764

Gulf Island Fabrication, Inc.

    6,485      141,049

Gulfmark Offshore, Inc., Class A*

    9,126      242,295

Hercules Offshore, Inc.*

    49,492      213,311

Hornbeck Offshore Services, Inc.*

    10,543      195,784

ION Geophysical Corp.*

    45,578      224,244

Key Energy Services, Inc.*

    53,643      512,291

Lufkin Industries, Inc.

    6,385      505,373

Matrix Service Co.*

    8,936      96,151

Natural Gas Services Group, Inc.*

    6,261      99,362

Newpark Resources, Inc.*

    38,425      201,731

OYO Geospace Corp.*

    2,172      103,843

Parker Drilling Co.*

    48,597      239,583

PHI, Inc.*

    8,188      173,422

Pioneer Drilling Co.*

    17,941      126,305

RPC, Inc.

    11,332    $ 126,125

Sulphco, Inc.*

    88,301      25,607

Superior Well Services, Inc.*

    8,084      108,164

T-3 Energy Services, Inc.*

    5,386      132,280

TETRA Technologies, Inc.*

    32,115      392,445

TGC Industries, Inc.*

    1,385      5,595

Union Drilling, Inc.*

    16,215      99,884

Vantage Drilling Co.*

    34,976      51,764

Willbros Group, Inc.*

    16,618      199,582
         
        7,385,900
         
Oil, Gas & Consumable Fuels (1.8%)      

Alon USA Energy, Inc.

    13,557      98,288

Apco Oil and Gas International, Inc.

    4,964      134,326

Approach Resources, Inc.*

    9,354      84,934

Arena Resources, Inc.*

    17,736      592,382

Atlas Energy, Inc.*

    30,749      956,909

ATP Oil & Gas Corp.*

    16,080      302,465

Berry Petroleum Co., Class A

    20,208      569,057

Bill Barrett Corp.*

    18,168      557,939

BPZ Resources, Inc.*

    37,413      274,986

Brigham Exploration Co.*

    44,732      713,475

Carrizo Oil & Gas, Inc.*

    12,278      281,780

Cheniere Energy, Inc.*

    31,823      98,333

Clayton Williams Energy, Inc.*

    2,483      86,855

Clean Energy Fuels Corp.*

    15,458      352,133

Cloud Peak Energy, Inc.*

    14,238      236,920

Contango Oil & Gas Co.*

    5,241      268,077

CREDO Petroleum Corp.*

    705      6,972

Crosstex Energy, Inc.*

    22,595      196,351

Cubic Energy, Inc.*

    1,936      2,052

CVR Energy, Inc.*

    14,058      123,008

Delek U.S. Holdings, Inc.

    14,018      102,051

Delta Petroleum Corp.*

    110,895      156,362

DHT Holdings, Inc.

    36,033      141,249

Endeavour International Corp.*

    68,951      87,568

Evergreen Energy, Inc.*

    117,562      21,161

FX Energy, Inc.*

    23,178      79,501

General Maritime Corp.

    22,396      161,027

GeoResources, Inc.*

    7,360      112,387

GMX Resources, Inc.*

    13,958      114,735

Golar LNG Ltd.*

    12,427      145,396

Goodrich Petroleum Corp.*

    11,343      177,405

Gran Tierra Energy, Inc.*

    87,531      516,433

Green Plains Renewable Energy, Inc.*

    8,026      114,531

Gulfport Energy Corp.*

    10,982      123,438

Harvest Natural Resources, Inc.*

    27,260      205,268

International Coal Group, Inc.*

    45,136      206,272

Isramco, Inc.*

    1,055      69,155

James River Coal Co.*

    11,965      190,243

Knightsbridge Tankers Ltd.

    7,414      125,593

McMoRan Exploration Co.*

    34,558      505,584

Nordic American Tanker Shipping Ltd.

    21,100      638,697

Northern Oil and Gas, Inc.*

    15,233      241,443

Oilsands Quest, Inc.*

    113,593      83,968

Panhandle Oil and Gas, Inc., Class A

    5,581      131,879

Patriot Coal Corp.*

    34,467      705,195

Penn Virginia Corp.

    20,845      510,702

Petroleum Development Corp.*

    7,705      178,525

PetroQuest Energy, Inc.*

    20,374      102,481

PrimeEnergy Corp.*

    1,082      29,138

Rex Energy Corp.*

    12,403      141,270

Rosetta Resources, Inc.*

    23,585      555,427

Ship Finance International Ltd.

    20,055      356,177

 

See Notes to Portfolio of Investments.

71

EQ ADVISORS TRUST

AXA TACTICAL MANAGER 2000 PORTFOLIO-II

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Stone Energy Corp.*

    19,688    $ 349,462

Swift Energy Co.*

    16,707      513,573

Syntroleum Corp.*

    26,246      55,642

Teekay Tankers Ltd., Class A

    9,958      125,172

Toreador Resources Corp.*

    6,730      55,051

Uranerz Energy Corp.*

    8,622      16,037

Uranium Energy Corp.*

    27,874      89,754

USEC, Inc.*

    47,635      274,854

VAALCO Energy, Inc.*

    34,890      172,357

Venoco, Inc.*

    8,368      107,361

W&T Offshore, Inc.

    13,214      110,998

Warren Resources, Inc.*

    34,092      85,912

Western Refining, Inc.*

    26,633      146,482

Westmoreland Coal Co.*

    1,851      23,360

World Fuel Services Corp.

    27,700      737,928

Zion Oil & Gas, Inc.*

    2,289      14,169
         
        15,845,615
         

Total Energy

         23,231,515
         

Financials (11.2%)

      

Capital Markets (1.4%)

      

Allied Capital Corp.*

    76,449      379,952

American Capital Ltd.*

    123,855      629,183

Apollo Investment Corp.

    78,002      992,966

Ares Capital Corp.

    53,339      791,551

Artio Global Investors, Inc.

    12,797      316,598

BGC Partners, Inc., Class A

    27,139      165,819

BlackRock Kelso Capital Corp.

    9,864      98,245

Broadpoint Gleacher Securities, Inc.*

    22,474      89,896

Calamos Asset Management, Inc., Class A

    4,214      60,429

Capital Southwest Corp.

    1,555      141,318

Cohen & Steers, Inc.

    8,098      202,126

Cowen Group, Inc., Class A*

    12,744      72,131

Diamond Hill Investment Group, Inc.

    1,625      111,475

Duff & Phelps Corp., Class A

    6,075      101,696

E*TRADE Financial Corp.*

    721,705      1,190,813

Epoch Holding Corp.

    6,342      71,601

Evercore Partners, Inc., Class A

    6,277      188,310

FBR Capital Markets Corp.*

    8,664      39,421

Fifth Street Finance Corp.

    18,998      220,567

GAMCO Investors, Inc., Class A

    2,809      127,810

GFI Group, Inc.

    23,325      134,819

Gladstone Capital Corp.

    15,393      181,637

Gladstone Investment Corp.

    3,989      23,854

Harris & Harris Group, Inc.*

    13,541      62,424

Hercules Technology Growth Capital, Inc.

    15,481      163,944

International Assets Holding Corp.*

    5,692      85,209

JMP Group, Inc.

    7,674      65,229

KBW, Inc.*

    15,253      410,306

Knight Capital Group, Inc., Class A*

    43,769      667,477

Kohlberg Capital Corp.

    3,599      20,370

LaBranche & Co., Inc.*

    25,447      133,851

Main Street Capital Corp.

    3,186      49,733

MCG Capital Corp.*

    30,252      157,613

MF Global Holdings Ltd.*

    41,659      336,188

MVC Capital, Inc.

    9,540      129,458

NGP Capital Resources Co.

    12,566      107,062

Oppenheimer Holdings, Inc., Class A

    4,337      110,637

optionsXpress Holdings, Inc.*

    16,812      273,868

PennantPark Investment Corp.

    12,538      129,894

Penson Worldwide, Inc.*

    11,505      115,855

Piper Jaffray Cos., Inc.*

    9,081      365,964

Prospect Capital Corp.

    29,216      354,974

Pzena Investment Management, Inc., Class A*

    8,868    $ 67,663

Riskmetrics Group, Inc.*

    10,297      232,815

Safeguard Scientifics, Inc.*

    13,421      174,473

Sanders Morris Harris Group, Inc.

    11,371      70,387

Solar Capital Ltd.

    1,603      33,887

Stifel Financial Corp.*

    13,649      733,634

SWS Group, Inc.

    11,979      138,118

Thomas Weisel Partners Group, Inc.*

    3,328      13,046

TICC Capital Corp.

    7,753      51,092

TradeStation Group, Inc.*

    20,533      143,936

Triangle Capital Corp.

    2,799      39,298

U.S. Global Investors, Inc., Class A

    7,095      70,170

Virtus Investment Partners, Inc.*

    1,788      37,262

Westwood Holdings Group, Inc.

    3,633      133,694
         
        12,011,748
         

Commercial Banks (3.3%)

      

1st Source Corp.

    8,626      151,386

Alliance Financial Corp./New York

    1,293      38,118

American National Bankshares, Inc.

    859      17,309

Ameris Bancorp

    3,183      28,743

Ames National Corp.

    6,618      132,691

Arrow Financial Corp.

    5,603      150,665

Auburn National Bancorp., Inc.

    71      1,466

BancFirst Corp.

    1,770      74,181

Banco Latinoamericano de Comercio Exterior S.A.

    12,929      185,660

Bancorp Rhode Island, Inc.

    432      11,815

Bancorp, Inc./Delaware*

    11,924      106,124

Bank of Kentucky Financial Corp.

    2,426      48,374

Bank of Marin Bancorp/California

    2,644      87,464

Bank of the Ozarks, Inc.

    6,387      224,759

Banner Corp.

    8,155      31,315

Bar Harbor Bankshares

    1,019      31,079

Boston Private Financial Holdings, Inc.

    31,375      231,234

Bridge Bancorp, Inc.

    3,043      71,206

Bryn Mawr Bank Corp.

    5,961      108,192

Camden National Corp.

    3,729      119,738

Cape Bancorp, Inc.*

    3,631      29,302

Capital City Bank Group, Inc.

    5,922      84,388

Cardinal Financial Corp.

    11,095      118,495

Cathay General Bancorp

    30,837      359,251

Center Bancorp, Inc.

    1,669      13,869

Centerstate Banks, Inc.

    10,540      129,115

Central Pacific Financial Corp.*

    18,170      30,526

Century Bancorp, Inc./Massachusetts, Class A

    2,038      39,130

Chemical Financial Corp.

    8,712      205,777

Chicopee Bancorp, Inc.*

    582      7,391

Citizens & Northern Corp.

    3,710      46,560

Citizens Holding Co.

    2,411      59,503

Citizens Republic Bancorp, Inc.*

    173,918      205,223

City Holding Co.

    7,348      251,963

CNB Financial Corp./Pennsylvania

    3,946      60,926

CoBiz Financial, Inc.

    16,325      101,705

Columbia Banking System, Inc.

    13,008      264,192

Community Bank System, Inc.

    15,680      357,190

Community Trust Bancorp, Inc.

    7,181      194,533

CVB Financial Corp.

    38,362      380,935

Danvers Bancorp, Inc.

    8,904      123,142

Eagle Bancorp, Inc.*

    7,371      87,346

East West Bancorp, Inc.

    50,330      876,749

Enterprise Bancorp, Inc./Massachusetts

    373      4,554

 

See Notes to Portfolio of Investments.

72

EQ ADVISORS TRUST

AXA TACTICAL MANAGER 2000 PORTFOLIO-II

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Enterprise Financial Services Corp.

    5,609    $ 62,036

F.N.B. Corp./Pennsylvania

    48,141      390,424

Farmers Capital Bank Corp.

    3,075      26,353

Financial Institutions, Inc.

    5,131      75,015

First Bancorp, Inc./Maine

    4,053      64,605

First Bancorp/North Carolina

    8,679      117,340

First BanCorp/Puerto Rico

    48,172      116,095

First Busey Corp.

    25,360      112,091

First California Financial Group, Inc.*

    608      1,605

First Commonwealth Financial Corp.

    40,725      273,265

First Community Bancshares, Inc./Virginia

    10,071      124,578

First Financial Bancorp

    23,471      417,549

First Financial Bankshares, Inc.

    8,921      459,878

First Financial Corp./Indiana

    4,608      133,448

First Merchants Corp.

    6,987      48,630

First Midwest Bancorp, Inc./Illinois

    33,943      459,928

First of Long Island Corp.

    2,928      70,565

First South Bancorp, Inc./North Carolina

    1,411      17,638

FirstMerit Corp.

    39,760      857,623

German American Bancorp, Inc.

    5,273      79,780

Glacier Bancorp, Inc.

    30,326      461,865

Great Southern Bancorp, Inc.

    6,476      145,321

Guaranty Bancorp*

    15,166      24,114

Hampton Roads Bankshares, Inc.

    4,781      7,458

Hancock Holding Co.

    12,180      509,246

Harleysville National Corp.

    16,044      107,495

Heartland Financial USA, Inc.

    7,369      117,683

Heritage Financial Corp./Washington*

    1,420      21,428

Home Bancorp, Inc.*

    1,919      26,866

Home Bancshares, Inc./Arkansas

    7,639      201,975

IBERIABANK Corp.

    12,333      740,103

Independent Bank Corp./Massachusetts

    9,801      241,693

International Bancshares Corp.

    22,840      525,092

Investors Bancorp, Inc.*

    19,562      258,218

Lakeland Bancorp, Inc.

    17,932      158,698

Lakeland Financial Corp.

    5,149      98,088

MainSource Financial Group, Inc.

    11,871      79,892

MB Financial, Inc.

    21,726      489,487

Merchants Bancshares, Inc.

    2,513      54,557

Metro Bancorp, Inc.*

    8,169      112,487

Midsouth Bancorp, Inc.

    1,980      32,670

Nara Bancorp, Inc.*

    16,019      140,326

National Bankshares, Inc./Virginia

    3,213      87,554

National Penn Bancshares, Inc.

    56,875      392,438

NBT Bancorp, Inc.

    15,382      351,479

Northfield Bancorp, Inc./New Jersey

    10,195      147,624

Northrim BanCorp, Inc.

    810      13,835

Norwood Financial Corp.

    56      1,512

Ohio Valley Banc Corp.

    452      9,736

Old National Bancorp/Indiana

    39,703      474,451

Old Second Bancorp, Inc.

    5,802      38,235

OmniAmerican Bancorp, Inc.*

    3,337      38,476

Oriental Financial Group, Inc.

    12,077      163,039

Orrstown Financial Services, Inc.

    4,178      105,996

Pacific Capital Bancorp N.A.*

    21,922      39,679

Pacific Continental Corp.

    7,582      79,611

PacWest Bancorp

    12,583      287,144

Park National Corp.

    4,729      294,664

Peapack Gladstone Financial Corp.

    4,784      75,157

Penns Woods Bancorp, Inc.

    550      18,453

Peoples Bancorp, Inc./Ohio

    4,613      76,022

Peoples Financial Corp./Mississippi

    1,623    $ 24,296

Pinnacle Financial Partners, Inc.*

    15,915      240,476

Porter Bancorp, Inc.

    2,835      37,139

Premierwest Bancorp*

    8,878      3,995

PrivateBancorp, Inc.

    24,211      331,691

Prosperity Bancshares, Inc.

    21,635      887,035

Renasant Corp.

    10,082      163,127

Republic Bancorp, Inc./Kentucky, Class A

    7,237      136,345

S&T Bancorp, Inc.

    10,624      222,042

Sandy Spring Bancorp, Inc.

    12,503      187,545

Santander BanCorp*

    4,297      52,724

SCBT Financial Corp.

    5,837      216,202

Shore Bancshares, Inc.

    6,389      91,043

Sierra Bancorp

    4,325      55,749

Signature Bank/New York*

    18,425      682,646

Simmons First National Corp., Class A

    6,456      177,992

Smithtown Bancorp, Inc.

    11,473      47,383

South Financial Group, Inc.

    125,154      86,519

Southside Bancshares, Inc.

    5,528      119,239

Southwest Bancorp, Inc./Oklahoma

    6,643      54,938

State Bancorp, Inc./New York

    3,259      25,648

StellarOne Corp.

    13,665      182,701

Sterling Bancorp/New York

    10,102      101,525

Sterling Bancshares, Inc./Texas

    39,659      221,297

Suffolk Bancorp

    3,818      117,251

Sun Bancorp, Inc./New Jersey*

    8,882      34,995

Susquehanna Bancshares, Inc.

    58,391      572,816

SVB Financial Group*

    18,587      867,269

SY Bancorp, Inc.

    4,962      112,886

Texas Capital Bancshares, Inc.*

    16,224      308,094

Tompkins Financial Corp.

    3,652      133,225

Tower Bancorp, Inc.

    3,119      83,496

TowneBank/Virginia

    10,856      151,550

Trico Bancshares

    8,309      165,349

Trustmark Corp.

    27,845      680,253

UMB Financial Corp.

    14,545      590,527

Umpqua Holdings Corp.

    41,054      544,376

Union First Market Bankshares Corp.

    10,222      154,352

United Bankshares, Inc.

    18,089      474,294

United Community Banks, Inc./Georgia*

    35,850      158,098

United Security Bancshares, Inc./Alabama

    928      13,892

Univest Corp. of Pennsylvania

    5,722      106,944

Washington Banking Co.

    7,856      98,907

Washington Trust Bancorp, Inc.

    9,141      170,388

Webster Financial Corp.

    31,114      544,184

WesBanco, Inc.

    9,732      158,242

West Bancorp, Inc.

    8,786      57,812

Westamerica Bancorp

    13,759      793,206

Western Alliance Bancorp*

    22,759      129,499

Wilber Corp.

    164      1,074

Wilshire Bancorp, Inc.

    11,495      126,790

Wintrust Financial Corp.

    12,017      447,153

Yadkin Valley Financial Corp.

    3,993      17,170
         
        29,204,986
         
Consumer Finance (0.3%)      

Advance America Cash Advance Centers, Inc.

    26,102      151,914

Cardtronics, Inc.*

    7,318      91,987

Cash America International, Inc.

    13,232      522,399

CompuCredit Holdings Corp.

    23,764      122,622

Credit Acceptance Corp.*

    2,952      121,740

 

See Notes to Portfolio of Investments.

73

EQ ADVISORS TRUST

AXA TACTICAL MANAGER 2000 PORTFOLIO-II

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Dollar Financial Corp.*

    10,149    $ 244,185

EZCORP, Inc., Class A*

    20,266      417,480

First Cash Financial Services, Inc.*

    10,361      223,487

First Marblehead Corp.*

    31,726      90,102

Nelnet, Inc., Class A

    9,316      172,905

Rewards Network, Inc.

    888      11,899

World Acceptance Corp.*

    7,482      269,951
         
        2,440,671
         
Diversified Financial Services (0.3%)      

Asset Acceptance Capital Corp.*

    16,902      106,652

California First National Bancorp

    3,600      48,060

Compass Diversified Holdings

    12,749      194,550

Encore Capital Group, Inc.*

    6,307      103,750

Life Partners Holdings, Inc.

    4,497      99,698

MarketAxess Holdings, Inc.

    14,796      232,741

Medallion Financial Corp.

    12,355      98,346

NewStar Financial, Inc.*

    24,460      156,055

PHH Corp.*

    23,840      561,909

PICO Holdings, Inc.*

    9,618      357,693

Portfolio Recovery Associates, Inc.*

    7,249      397,753

Primus Guaranty Ltd.*

    20,828      87,477

Resource America, Inc., Class A

    1,826      8,765
         
        2,453,449
         
Insurance (1.6%)      

Ambac Financial Group, Inc.*

    100,759      56,103

American Equity Investment Life Holding Co.

    24,462      260,520

American Physicians Capital, Inc.

    3,038      97,064

American Physicians Service Group, Inc.

    3,445      86,125

American Safety Insurance Holdings Ltd.*

    5,815      96,471

AMERISAFE, Inc.*

    8,165      133,661

Amtrust Financial Services, Inc.

    9,932      138,551

Argo Group International Holdings Ltd.

    13,313      433,871

Assured Guaranty Ltd.

    56,382      1,238,713

Baldwin & Lyons, Inc., Class B

    2,340      56,371

Citizens, Inc./Texas*

    21,294      147,142

CNA Surety Corp.*

    10,258      182,490

Conseco, Inc.*

    115,934      721,109

Crawford & Co., Class B*

    24,283      98,832

Delphi Financial Group, Inc., Class A

    19,964      502,294

Donegal Group, Inc., Class A

    7,529      109,246

Eastern Insurance Holdings, Inc.

    955      9,684

eHealth, Inc.*

    10,979      172,919

EMC Insurance Group, Inc.

    2,517      56,683

Employers Holdings, Inc.

    18,691      277,561

Enstar Group, Ltd.*

    2,800      193,648

FBL Financial Group, Inc., Class A

    4,685      114,689

First Acceptance Corp.*

    16,300      33,252

First Mercury Financial Corp.

    5,372      69,997

Flagstone Reinsurance Holdings Ltd.

    18,488      211,872

FPIC Insurance Group, Inc.*

    4,761      129,071

Greenlight Capital Reinsurance Ltd., Class A*

    11,936      318,452

Hallmark Financial Services*

    5,877      52,893

Harleysville Group, Inc.

    5,892      198,914

Hilltop Holdings, Inc.*

    16,347      192,077

Horace Mann Educators Corp.

    16,211      244,138

Independence Holding Co.

    5,537      52,546

Infinity Property & Casualty Corp.

    5,668      257,554

Kansas City Life Insurance Co.

    2,505      79,108

Maiden Holdings Ltd.

    20,583      152,108

Max Capital Group Ltd.

    20,162    $ 463,524

Meadowbrook Insurance Group, Inc.

    25,629      202,469

Mercer Insurance Group, Inc.

    667      12,006

Montpelier Reinsurance Holdings Ltd.

    36,901      620,306

National Financial Partners Corp.*

    18,279      257,734

National Interstate Corp.

    6,756      139,917

National Western Life Insurance Co., Class A

    830      153,010

Navigators Group, Inc.*

    5,788      227,642

NYMAGIC, Inc.

    2,698      57,279

Phoenix Cos., Inc.*

    42,380      102,560

Platinum Underwriters Holdings Ltd.

    24,002      889,994

PMA Capital Corp., Class A*

    18,566      113,995

Presidential Life Corp.

    13,081      130,418

ProAssurance Corp.*

    15,103      884,130

RLI Corp.

    8,159      465,226

Safety Insurance Group, Inc.

    5,781      217,770

SeaBright Insurance Holdings, Inc.

    10,383      114,317

Selective Insurance Group, Inc.

    22,257      369,466

State Auto Financial Corp.

    8,724      156,596

Stewart Information Services Corp.

    10,429      143,920

Tower Group, Inc.

    20,334      450,805

United America Indemnity Ltd., Class A*

    14,854      142,153

United Fire & Casualty Co.

    7,880      141,761

Universal Insurance Holdings, Inc.

    11,869      60,057

Zenith National Insurance Corp.

    16,267      623,351
         
        14,316,135
         
Real Estate Investment Trusts (REITs) (3.4%)      

Acadia Realty Trust (REIT)

    16,826      300,512

Agree Realty Corp. (REIT)

    3,987      91,143

Alexander’s, Inc. (REIT)*

    868      259,645

American Campus Communities, Inc. (REIT)

    24,350      673,521

American Capital Agency Corp. (REIT)

    7,940      203,264

Anworth Mortgage Asset Corp. (REIT)

    51,163      344,839

Apollo Commercial Real Estate Finance, Inc. (REIT)

    6,862      123,585

Ashford Hospitality Trust, Inc. (REIT)*

    23,382      167,649

Associated Estates Realty Corp. (REIT)

    4,795      66,123

BioMed Realty Trust, Inc. (REIT)

    46,192      764,016

CapLease, Inc. (REIT)

    25,546      141,780

Capstead Mortgage Corp. (REIT)

    30,367      363,189

CBL & Associates Properties, Inc. (REIT)

    63,086      864,278

Cedar Shopping Centers, Inc. (REIT)

    18,153      143,590

Chesapeake Lodging Trust (REIT)*

    2,166      42,172

Cogdell Spencer, Inc. (REIT)

    13,892      102,801

Colonial Properties Trust (REIT)

    29,696      382,484

Colony Financial, Inc. (REIT)

    6,685      133,700

Cousins Properties, Inc. (REIT)

    30,882      256,629

CreXus Investment Corp. (REIT)

    6,691      89,459

Cypress Sharpridge Investments, Inc. (REIT)

    5,942      79,504

DCT Industrial Trust, Inc. (REIT)

    90,544      473,545

Developers Diversified Realty Corp. (REIT)

    93,691      1,140,219

DiamondRock Hospitality Co. (REIT)*

    59,403      600,564

 

See Notes to Portfolio of Investments.

74

EQ ADVISORS TRUST

AXA TACTICAL MANAGER 2000 PORTFOLIO-II

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

DuPont Fabros Technology, Inc. (REIT)

    11,248    $ 242,844

Dynex Capital, Inc. (REIT)

    4,963      44,667

EastGroup Properties, Inc. (REIT)

    11,938      450,540

Education Realty Trust, Inc. (REIT)

    27,155      155,870

Entertainment Properties Trust (REIT)

    18,415      757,409

Equity Lifestyle Properties, Inc. (REIT)

    11,514      620,374

Equity One, Inc. (REIT)

    14,270      269,560

Extra Space Storage, Inc. (REIT)

    37,287      472,799

FelCor Lodging Trust, Inc. (REIT)*

    39,895      227,401

First Industrial Realty Trust, Inc. (REIT)*

    24,454      189,763

First Potomac Realty Trust (REIT)

    14,912      224,127

Franklin Street Properties Corp. (REIT)

    28,233      407,402

Getty Realty Corp. (REIT)

    8,279      193,729

Gladstone Commercial Corp. (REIT)

    5,503      79,518

Glimcher Realty Trust (REIT)

    42,844      217,219

Government Properties Income Trust (REIT)

    8,342      216,975

Gramercy Capital Corp./New York (REIT)*

    27,283      76,120

Hatteras Financial Corp. (REIT)

    16,779      432,395

Healthcare Realty Trust, Inc. (REIT)

    28,193      656,615

Hersha Hospitality Trust (REIT)

    51,565      267,107

Highwoods Properties, Inc. (REIT)

    32,726      1,038,396

Home Properties, Inc. (REIT)

    16,022      749,830

Inland Real Estate Corp. (REIT)

    31,187      285,361

Invesco Mortgage Capital, Inc. (REIT)

    8,520      195,960

Investors Real Estate Trust (REIT)

    32,316      291,490

iStar Financial, Inc. (REIT)*

    25,421      116,682

Kilroy Realty Corp. (REIT)

    20,544      633,577

Kite Realty Group Trust (REIT)

    27,867      131,811

LaSalle Hotel Properties (REIT)

    28,836      671,879

Lexington Realty Trust (REIT)

    40,027      260,576

LTC Properties, Inc. (REIT)

    10,317      279,178

Medical Properties Trust, Inc. (REIT)

    33,747      353,669

MFA Financial, Inc. (REIT)

    131,571      968,363

Mid-America Apartment Communities, Inc. (REIT)

    13,049      675,808

Mission West Properties, Inc. (REIT)

    8,870      61,026

Monmouth Real Estate Investment Corp. (REIT), Class A

    14,177      119,229

National Health Investors, Inc. (REIT)

    11,253      436,166

National Retail Properties, Inc. (REIT)

    37,645      859,435

NorthStar Realty Finance Corp. (REIT)

    43,335      182,440

Omega Healthcare Investors, Inc. (REIT)

    40,035      780,282

Parkway Properties, Inc./Maryland (REIT)

    9,153      171,893

Pebblebrook Hotel Trust (REIT)*

    8,937      187,945

Pennsylvania Real Estate Investment Trust (REIT)

    16,297      203,224

Pennymac Mortgage Investment Trust (REIT)*

    4,919      81,705

Post Properties, Inc. (REIT)

    21,978      483,956

Potlatch Corp. (REIT)

    17,521      613,936

PS Business Parks, Inc. (REIT)

    7,796      416,306

RAIT Financial Trust (REIT)*

    34,864      69,031

Ramco-Gershenson Properties Trust (REIT)

    11,429    $ 128,691

Redwood Trust, Inc. (REIT)

    33,446      515,737

Resource Capital Corp. (REIT)

    21,904      148,071

Saul Centers, Inc. (REIT)

    3,584      148,378

Sovran Self Storage, Inc. (REIT)

    11,943      416,333

Strategic Hotels & Resorts, Inc. (REIT)*

    38,144      162,112

Sun Communities, Inc. (REIT)

    8,027      202,280

Sunstone Hotel Investors, Inc. (REIT)*

    43,138      481,851

Tanger Factory Outlet Centers (REIT)

    19,061      822,673

Terreno Realty Corp. (REIT)*

    2,394      47,234

Transcontinental Realty Investors, Inc.*

    3,400      42,568

UMH Properties, Inc. (REIT)

    2,982      24,363

Universal Health Realty Income Trust (REIT)

    4,726      167,017

Urstadt Biddle Properties, Inc. (REIT), Class A

    8,905      140,788

U-Store-It Trust (REIT)

    33,281      239,623

Walter Investment Management Corp. (REIT)

    10,525      168,400

Washington Real Estate Investment Trust (REIT)

    26,496      809,453

Winthrop Realty Trust (REIT)

    9,001      108,372
         
        30,103,743
         
Real Estate Management & Development (0.1%)      

American Realty Investors, Inc.*

    3,600      38,700

Avatar Holdings, Inc.*

    2,346      51,002

China Housing & Land Development, Inc.*

    7,751      29,454

Consolidated-Tomoka Land Co.

    3,149      99,225

Forestar Group, Inc.*

    15,268      288,260

Tejon Ranch Co.*

    4,823      147,198
         
        653,839
         
Thrifts & Mortgage Finance (0.8%)      

Abington Bancorp, Inc.

    12,241      96,704

Astoria Financial Corp.

    39,222      568,719

Bank Mutual Corp.

    18,665      121,322

BankFinancial Corp.

    9,144      83,850

Beneficial Mutual Bancorp, Inc.*

    14,049      133,185

Berkshire Hills Bancorp, Inc.

    5,766      105,691

Brookline Bancorp, Inc.

    26,966      286,918

Brooklyn Federal Bancorp, Inc.

    6,352      53,357

Clifton Savings Bancorp, Inc.

    11,814      109,516

Dime Community Bancshares, Inc.

    10,268      129,685

Doral Financial Corp.*

    3,427      14,770

ESB Financial Corp.

    5,086      65,559

ESSA Bancorp, Inc.

    8,890      111,481

First Defiance Financial Corp.

    1,154      11,678

First Financial Holdings, Inc.

    6,691      100,766

First Financial Northwest, Inc.

    6,868      46,908

First Financial Service Corp.

    48      420

Flagstar Bancorp, Inc.*

    131,729      79,037

Flushing Financial Corp.

    11,434      144,754

Fox Chase Bancorp, Inc.*

    142      1,535

Home Federal Bancorp, Inc./Idaho

    9,622      139,615

Kearny Financial Corp.

    12,956      135,131

Legacy Bancorp., Inc./Massachusetts

    633      6,007

Meridian Interstate Bancorp, Inc.*

    10,214      106,226

MGIC Investment Corp.*

    55,413      607,881

NASB Financial, Inc.

    2,641      61,060

 

See Notes to Portfolio of Investments.

75

EQ ADVISORS TRUST

AXA TACTICAL MANAGER 2000 PORTFOLIO-II

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

NewAlliance Bancshares, Inc.

    50,340    $ 635,291

Northwest Bancshares, Inc.

    17,149      201,329

OceanFirst Financial Corp.

    12,427      141,171

Ocwen Financial Corp.*

    24,273      269,188

Oritani Financial Corp.

    9,129      146,703

PMI Group, Inc.*

    58,771      318,539

Provident Financial Services, Inc.

    27,284      324,680

Provident New York Bancorp

    14,697      139,328

Radian Group, Inc.

    37,160      581,182

Rockville Financial, Inc.

    7,334      89,401

Roma Financial Corp.

    7,775      97,498

Territorial Bancorp, Inc.

    4,826      91,839

Tree.com, Inc.*

    725      6,634

TrustCo Bank Corp. NY/New York

    34,494      212,828

United Financial Bancorp, Inc.

    9,701      135,620

ViewPoint Financial Group

    6,170      100,016

Waterstone Financial, Inc.*

    15,793      57,171

Westfield Financial, Inc.

    10,759      98,875

WSFS Financial Corp.

    3,207      125,073
         
        7,094,141
         

Total Financials

         98,278,712
         

Health Care (7.6%)

      

Biotechnology (2.1%)

      

Acorda Therapeutics, Inc.*

    17,072      583,862

Affymax, Inc.*

    7,399      173,359

Alkermes, Inc.*

    43,181      560,058

Allos Therapeutics, Inc.*

    31,256      232,232

Alnylam Pharmaceuticals, Inc.*

    15,127      257,462

AMAG Pharmaceuticals, Inc.*

    9,927      346,552

Amicus Therapeutics, Inc.*

    6,260      19,969

Arena Pharmaceuticals, Inc.*

    40,585      125,813

ARIAD Pharmaceuticals, Inc.*

    46,017      156,458

ArQule, Inc.*

    18,705      107,741

Array BioPharma, Inc.*

    23,673      64,864

AVI BioPharma, Inc.*

    39,547      47,061

BioCryst Pharmaceuticals, Inc.*

    13,359      87,769

Biospecifics Technologies Corp.*

    1,816      50,394

Celera Corp.*

    34,342      243,828

Cell Therapeutics, Inc.*

    278,229      150,438

Celldex Therapeutics, Inc.*

    16,800      103,152

Cepheid, Inc.*

    25,795      450,897

Chelsea Therapeutics International, Inc.*

    8,269      29,355

Clinical Data, Inc.*

    8,562      166,103

Cubist Pharmaceuticals, Inc.*

    24,948      562,328

Curis, Inc.*

    36,134      110,931

Cytokinetics, Inc.*

    33,100      105,920

Cytori Therapeutics, Inc.*

    15,423      70,329

Dyax Corp.*

    28,171      96,063

Emergent Biosolutions, Inc.*

    7,470      125,421

Enzon Pharmaceuticals, Inc.*

    23,476      238,986

Exelixis, Inc.*

    47,678      289,405

Facet Biotech Corp.*

    10,431      281,533

Genomic Health, Inc.*

    5,651      99,401

Geron Corp.*

    42,512      241,468

GTx, Inc.*

    16,452      54,950

Halozyme Therapeutics, Inc.*

    28,695      229,273

Hemispherx Biopharma, Inc.*

    86,568      64,060

Human Genome Sciences, Inc.#*

    84,338      2,547,008

Idenix Pharmaceuticals, Inc.*

    10,203      28,772

Idera Pharmaceuticals, Inc.*

    10,449      64,888

Immunogen, Inc.*

    24,314      196,700

Immunomedics, Inc.*

    42,993      142,737

Incyte Corp.*

    38,563      538,339

Infinity Pharmaceuticals, Inc.*

    9,451    $ 57,651

Insmed, Inc.*

    55,080      64,994

InterMune, Inc.*

    20,664      920,994

Isis Pharmaceuticals, Inc.*

    39,951      436,265

Lexicon Pharmaceuticals, Inc.*

    34,560      51,149

Ligand Pharmaceuticals, Inc., Class B*

    67,447      118,032

MannKind Corp.*

    26,759      175,539

Martek Biosciences Corp.*

    15,001      337,673

Maxygen, Inc.*

    10,265      67,441

Medivation, Inc.*

    12,756      133,810

Metabolix, Inc.*

    8,548      104,115

Micromet, Inc.*

    26,583      214,791

Molecular Insight Pharmaceuticals, Inc.*

    1,020      1,336

Momenta Pharmaceuticals, Inc.*

    17,625      263,846

Myriad Pharmaceuticals, Inc.*

    11,034      49,874

Nabi Biopharmaceuticals*

    19,471      106,506

Nanosphere, Inc.*

    8,469      40,566

Neurocrine Biosciences, Inc.*

    17,733      45,219

NeurogesX, Inc.*

    1,718      16,149

Novavax, Inc.*

    50,661      117,027

NPS Pharmaceuticals, Inc.*

    31,032      156,401

Omeros Corp.*

    705      4,963

OncoGenex Pharmaceutical, Inc.*

    2,545      52,249

Onyx Pharmaceuticals, Inc.*

    28,434      860,982

Opko Health, Inc.*

    34,760      68,825

Orexigen Therapeutics, Inc.*

    16,121      94,953

Osiris Therapeutics, Inc.*

    12,615      93,351

OXiGENE, Inc.*

    2,653      3,263

PDL BioPharma, Inc.

    57,051      354,287

Pharmasset, Inc.*

    10,101      270,707

Poniard Pharmaceuticals, Inc.*

    18,860      21,689

Progenics Pharmaceuticals, Inc.*

    14,213      75,755

Protalix BioTherapeutics, Inc.*

    13,711      89,944

Regeneron Pharmaceuticals, Inc.*

    28,791      762,674

Repligen Corp.*

    21,262      86,324

Rigel Pharmaceuticals, Inc.*

    21,315      169,881

Sangamo BioSciences, Inc.*

    18,763      101,695

Savient Pharmaceuticals, Inc.*

    30,598      442,141

Sciclone Pharmaceuticals, Inc.*

    21,474      75,803

Seattle Genetics, Inc.*

    37,533      448,144

SIGA Technologies, Inc.*

    22,108      146,576

Spectrum Pharmaceuticals, Inc.*

    29,052      133,930

StemCells, Inc.*

    55,668      64,575

Synta Pharmaceuticals Corp.*

    9,063      39,062

Theravance, Inc.*

    28,002      372,987

Vanda Pharmaceuticals, Inc.*

    11,041      127,413

Vical, Inc.*

    19,220      64,579

ZymoGenetics, Inc.*

    19,181      109,907
         
        18,661,916
         

Health Care Equipment & Supplies (1.9%)

      

Abaxis, Inc.*

    8,708      236,770

ABIOMED, Inc.*

    11,079      114,446

Accuray, Inc.*

    17,032      103,725

AGA Medical Holdings, Inc.*

    6,896      112,060

Align Technology, Inc.*

    25,003      483,558

Alphatec Holdings, Inc.*

    15,485      98,639

American Medical Systems Holdings, Inc.*

    34,751      645,674

Analogic Corp.

    6,010      256,807

AngioDynamics, Inc.*

    10,043      156,872

Atrion Corp.

    690      98,698

ATS Medical, Inc.*

    46,757      121,568

Bovie Medical Corp.*

    8,517      53,231

 

See Notes to Portfolio of Investments.

76

EQ ADVISORS TRUST

AXA TACTICAL MANAGER 2000 PORTFOLIO-II

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note  1)

Cantel Medical Corp.

    6,444    $ 127,913

Cardiac Science Corp.*

    1,534      2,869

Cardiovascular Systems, Inc.*

    913      4,848

Conceptus, Inc.*

    13,012      259,719

CONMED Corp.*

    12,879      306,649

CryoLife, Inc.*

    12,885      83,366

Cutera, Inc.*

    2,713      28,134

Cyberonics, Inc.*

    12,006      230,035

Cynosure, Inc., Class A*

    5,273      59,268

Delcath Systems, Inc.*

    19,271      156,095

DexCom, Inc.*

    23,160      225,347

Electro-Optical Sciences, Inc.*

    10,802      80,151

Endologix, Inc.*

    22,268      89,963

ev3, Inc.*

    32,348      513,039

Exactech, Inc.*

    5,521      115,775

Greatbatch, Inc.*

    11,384      241,227

Haemonetics Corp.*

    12,115      692,372

Hansen Medical, Inc.*

    3,514      8,047

HeartWare International, Inc.*

    2,934      130,475

ICU Medical, Inc.*

    4,957      170,769

Immucor, Inc.*

    31,950      715,360

Insulet Corp.*

    15,184      229,127

Integra LifeSciences Holdings Corp.*

    8,438      369,838

Invacare Corp.

    12,590      334,139

IRIS International, Inc.*

    13,158      134,343

Kensey Nash Corp.*

    5,367      126,608

MAKO Surgical Corp.*

    8,389      113,084

Masimo Corp.

    22,965      609,721

Medical Action Industries, Inc.*

    5,744      70,479

Meridian Bioscience, Inc.

    18,765      382,243

Merit Medical Systems, Inc.*

    11,001      167,765

Micrus Endovascular Corp.*

    6,091      120,115

Natus Medical, Inc.*

    10,187      162,075

Neogen Corp.*

    8,138      204,264

NuVasive, Inc.*

    16,729      756,151

NxStage Medical, Inc.*

    12,716      145,598

OraSure Technologies, Inc.*

    9,880      58,588

Orthofix International N.V.*

    7,128      259,317

Orthovita, Inc.*

    33,053      140,806

Palomar Medical Technologies, Inc.*

    12,961      140,756

Quidel Corp.*

    10,985      159,722

Rochester Medical Corp.*

    5,383      69,010

Rockwell Medical Technologies, Inc.*

    2,891      16,710

RTI Biologics, Inc.*

    41,572      180,007

Sirona Dental Systems, Inc.*

    7,499      285,187

Somanetics Corp.*

    5,588      106,954

SonoSite, Inc.*

    7,217      231,738

Spectranetics Corp.*

    15,209      105,094

Stereotaxis, Inc.*

    16,593      83,131

STERIS Corp.

    27,306      919,120

SurModics, Inc.*

    5,485      114,856

Symmetry Medical, Inc.*

    14,074      141,303

Synovis Life Technologies, Inc.*

    5,161      80,150

Thoratec Corp.*

    26,493      886,191

TomoTherapy, Inc.*

    21,432      73,083

TranS1, Inc.*

    1,508      4,901

Utah Medical Products, Inc.

    363      10,211

Vascular Solutions, Inc.*

    8,513      76,532

Volcano Corp.*

    22,050      532,728

West Pharmaceutical Services, Inc.

    14,869      623,755

Wright Medical Group, Inc.*

    18,218      323,734

Young Innovations, Inc.

    3,122      87,915

Zoll Medical Corp.*

    9,111      240,166
         
        16,600,684
         

Health Care Providers & Services (2.0%)

      

Air Methods Corp.*

    5,134    $ 174,556

Alliance HealthCare Services, Inc.*

    21,433      120,453

Allied Healthcare International, Inc.*

    23,954      65,155

Almost Family, Inc.*

    3,535      133,234

Amedisys, Inc.*

    12,864      710,350

America Service Group, Inc.

    3,782      60,852

American Dental Partners, Inc.*

    6,922      90,332

AMERIGROUP Corp.*

    24,904      827,809

AMN Healthcare Services, Inc.*

    11,953      105,186

Amsurg Corp.*

    13,863      299,302

Assisted Living Concepts, Inc., Class A*

    5,361      176,055

Bio-Reference Labs, Inc.*

    5,579      245,309

BioScrip, Inc.*

    16,114      128,590

Capital Senior Living Corp.*

    12,064      63,457

CardioNet, Inc.*

    10,319      78,940

Catalyst Health Solutions, Inc.*

    17,276      714,881

Centene Corp.*

    22,718      546,141

Chemed Corp.

    9,807      533,305

Chindex International, Inc.*

    10,516      124,194

Clarient, Inc.*

    39,968      104,716

Continuecare Corp.*

    22,668      83,872

Corvel Corp.*

    3,910      139,782

Cross Country Healthcare, Inc.*

    12,346      124,818

Emergency Medical Services Corp., Class A*

    13,192      746,008

Emeritus Corp.*

    7,578      154,212

Ensign Group, Inc.

    5,699      98,764

Genoptix, Inc.*

    7,769      275,722

Gentiva Health Services, Inc.*

    12,259      346,684

Hanger Orthopedic Group, Inc.*

    11,182      203,289

Health Grades, Inc.*

    12,616      80,238

HealthSouth Corp.*

    41,054      767,710

Healthspring, Inc.*

    21,453      377,573

Healthways, Inc.*

    14,179      227,856

HMS Holdings Corp.*

    11,708      596,991

inVentiv Health, Inc.*

    14,168      318,213

IPC The Hospitalist Co., Inc.*

    6,942      243,734

Kindred Healthcare, Inc.*

    16,537      298,493

Landauer, Inc.

    4,107      267,859

LCA-Vision, Inc.*

    5,186      43,147

LHC Group, Inc.*

    6,747      226,227

Magellan Health Services, Inc.*

    14,117      613,807

MedCath Corp.*

    10,462      109,537

Metropolitan Health Networks, Inc.*

    9,854      31,828

Molina Healthcare, Inc.*

    6,524      164,209

MWI Veterinary Supply, Inc.*

    4,522      182,689

National Healthcare Corp.

    3,479      123,087

National Research Corp.

    2,546      64,465

Nighthawk Radiology Holdings, Inc.*

    13,788      43,846

NovaMed, Inc.*

    2,759      9,381

Odyssey HealthCare, Inc.*

    13,008      235,575

Owens & Minor, Inc.#

    19,516      905,347

PharMerica Corp.*

    12,781      232,870

Providence Service Corp.*

    6,900      104,811

PSS World Medical, Inc.*

    27,917      656,329

Psychiatric Solutions, Inc.*

    26,485      789,253

RadNet, Inc.*

    4,955      15,757

RehabCare Group, Inc.*

    11,535      314,559

Res-Care, Inc.*

    10,551      126,506

Select Medical Holdings Corp.*

    13,896      117,282

Skilled Healthcare Group, Inc., Class A*

    16,253      100,281

Sun Healthcare Group, Inc.*

    19,510      186,125

 

See Notes to Portfolio of Investments.

77

EQ ADVISORS TRUST

AXA TACTICAL MANAGER 2000 PORTFOLIO-II

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Sunrise Senior Living, Inc.*

    21,110    $ 108,083

Team Health Holdings, Inc.*

    4,097      68,830

Triple-S Management Corp., Class B*

    8,524      151,301

U.S. Physical Therapy, Inc.*

    7,803      135,772

Universal American Corp.*

    12,729      196,027

Virtual Radiologic Corp.*

    4,076      44,836

WellCare Health Plans, Inc.*

    19,506      581,279
         
        17,337,681
         

Health Care Technology (0.3%)

      

AMICAS, Inc.*

    21,285      128,136

athenahealth, Inc.*

    15,761      576,222

Computer Programs & Systems, Inc.

    4,578      178,908

Eclipsys Corp.*

    24,304      483,164

MedAssets, Inc.*

    16,964      356,244

Medidata Solutions, Inc.*

    8,093      123,014

MedQuist, Inc.

    9,062      70,774

Merge Healthcare, Inc.*

    34,164      70,719

Omnicell, Inc.*

    13,803      193,656

Phase Forward, Inc.*

    18,608      243,207

Quality Systems, Inc.

    11,070      680,141

Transcend Services, Inc.*

    4,353      70,736

Vital Images, Inc.*

    8,290      134,049
         
        3,308,970
         

Life Sciences Tools & Services (0.4%)

      

Accelrys, Inc.*

    12,679      78,103

Affymetrix, Inc.*

    30,985      227,430

Albany Molecular Research, Inc.*

    6,421      53,615

BioDelivery Sciences International, Inc.*

    3,023      11,578

Bruker Corp.*

    20,953      306,961

Cambrex Corp.*

    11,677      47,292

Dionex Corp.*

    8,028      600,334

Enzo Biochem, Inc.*

    27,026      162,697

eResearchTechnology, Inc.*

    17,018      117,594

Harvard Bioscience, Inc.*

    14,272      55,233

Kendle International, Inc.*

    5,953      104,058

Luminex Corp.*

    17,394      292,741

PAREXEL International Corp.*

    25,620      597,202

Sequenom, Inc.*

    24,355      153,680

Varian, Inc.*

    13,061      676,299
         
        3,484,817
         

Pharmaceuticals (0.9%)

      

Acura Pharmaceuticals, Inc.*

    20,675      111,438

Adolor Corp.*

    22,847      41,125

Akorn, Inc.*

    37,915      58,010

Ardea Biosciences, Inc.*

    6,717      122,652

ARYx Therapeutics, Inc.*

    2,092      1,820

Auxilium Pharmaceuticals, Inc.*

    21,668      675,175

AVANIR Pharmaceuticals, Inc., Class A*

    34,082      79,070

Biodel, Inc.*

    7,101      30,321

BioMimetic Therapeutics, Inc.*

    6,317      83,069

BMP Sunstone Corp.*

    20,217      102,298

Cadence Pharmaceuticals, Inc.*

    11,089      101,243

Caraco Pharmaceutical Laboratories Ltd.*

    11,502      68,897

Cornerstone Therapeutics, Inc.*

    6,370      40,449

Cumberland Pharmaceuticals, Inc.*

    3,975      41,857

Cypress Bioscience, Inc.*

    24,583      120,457

Depomed, Inc.*

    22,450      79,697

Discovery Laboratories, Inc.*

    21,205      11,027

Durect Corp.*

    32,703      98,436

Hi-Tech Pharmacal Co., Inc.*

    4,565      101,069

Impax Laboratories, Inc.*

    25,951      464,004

Inspire Pharmaceuticals, Inc.*

    26,267    $ 163,906

Ironwood Pharmaceuticals, Inc.*

    5,014      67,789

ISTA Pharmaceuticals, Inc.*

    16,673      67,859

Javelin Pharmaceuticals, Inc.*

    14,806      19,100

KV Pharmaceutical Co., Class A*

    27,083      47,666

Lannett Co., Inc.*

    8,599      36,546

MAP Pharmaceuticals, Inc.*

    5,791      92,019

Matrixx Initiatives, Inc.*

    4,216      21,375

Medicines Co.*

    22,072      173,044

Medicis Pharmaceutical Corp., Class A

    26,753      673,105

Nektar Therapeutics*

    42,174      641,467

Obagi Medical Products, Inc.*

    7,138      86,941

Optimer Pharmaceuticals, Inc.*

    12,798      157,159

Pain Therapeutics, Inc.*

    14,521      91,047

Par Pharmaceutical Cos., Inc.*

    15,598      386,830

Pozen, Inc.*

    21,208      203,173

Questcor Pharmaceuticals, Inc.*

    33,859      278,660

Salix Pharmaceuticals Ltd.*

    24,968      930,058

Santarus, Inc.*

    22,300      119,974

Sucampo Pharmaceuticals, Inc., Class A*

    10,928      39,013

SuperGen, Inc.*

    26,817      85,814

ViroPharma, Inc.*

    36,355      495,519

Vivus, Inc.*

    35,946      313,449

XenoPort, Inc.*

    12,576      116,454
         
        7,740,081
         

Total Health Care

         67,134,149
         

Industrials (8.1%)

      

Aerospace & Defense (1.0%)

      

AAR Corp.*

    16,880      418,962

Aerovironment, Inc.*

    6,088      158,958

American Science & Engineering, Inc.

    4,415      330,772

Applied Signal Technology, Inc.

    5,795      113,466

Argon ST, Inc.*

    6,518      173,444

Ascent Solar Technologies, Inc.*

    14,560      56,056

Astronics Corp.*

    5,401      52,984

Ceradyne, Inc.*

    10,974      249,000

Cubic Corp.

    6,664      239,904

Curtiss-Wright Corp.

    20,509      713,713

DigitalGlobe, Inc.*

    5,860      163,787

Ducommun, Inc.

    5,698      119,715

DynCorp International, Inc., Class A*

    9,642      110,786

Esterline Technologies Corp.*

    12,739      629,689

GenCorp, Inc.*

    21,258      122,446

GeoEye, Inc.*

    8,805      259,747

Global Defense Technology & Systems, Inc.*

    1,297      17,380

HEICO Corp.

    10,455      539,060

Herley Industries, Inc.*

    7,163      105,009

Hexcel Corp.*

    42,016      606,711

Ladish Co., Inc.*

    7,686      154,950

LMI Aerospace, Inc.*

    6,422      119,321

Moog, Inc., Class A*

    20,590      729,298

Orbital Sciences Corp.*

    25,353      481,960

Stanley, Inc.*

    5,122      144,901

Taser International, Inc.*

    34,991      205,047

Teledyne Technologies, Inc.*

    16,321      673,568

Todd Shipyards Corp.

    3,267      53,677

Triumph Group, Inc.

    7,700      539,693
         
        8,284,004
         

Air Freight & Logistics (0.2%)

      

Air Transport Services Group, Inc.*

    49,217      165,861

Atlas Air Worldwide Holdings, Inc.*

    9,124      484,028

 

See Notes to Portfolio of Investments.

78

EQ ADVISORS TRUST

AXA TACTICAL MANAGER 2000 PORTFOLIO-II

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note  1)

Dynamex, Inc.*

    4,633    $ 79,688

Forward Air Corp.

    12,143      319,361

Hub Group, Inc., Class A*

    15,980      447,120

Pacer International, Inc.*

    20,450      123,109
         
        1,619,167
         

Airlines (0.5%)

      

AirTran Holdings, Inc.*

    63,932      324,774

Alaska Air Group, Inc.*

    15,818      652,176

Allegiant Travel Co.*

    7,334      424,345

Hawaiian Holdings, Inc.*

    20,807      153,348

JetBlue Airways Corp.*

    118,907      663,501

Republic Airways Holdings, Inc.*

    14,753      87,338

SkyWest, Inc.

    23,457      334,966

U.S. Airways Group, Inc.*

    71,256      523,732

UAL Corp.*

    77,536      1,515,829
         
        4,680,009
         

Building Products (0.3%)

      

AAON, Inc.

    5,186      117,307

American Woodmark Corp.

    3,813      73,934

Ameron International Corp.

    4,154      261,245

Apogee Enterprises, Inc.

    12,912      204,139

Builders FirstSource, Inc.*

    21,307      67,117

Gibraltar Industries, Inc.*

    9,884      124,637

Griffon Corp.*

    18,588      231,607

Insteel Industries, Inc.

    11,323      121,043

NCI Building Systems, Inc.*

    10,033      110,764

Quanex Building Products Corp.

    17,025      281,423

Simpson Manufacturing Co., Inc.

    16,433      456,180

Trex Co., Inc.*

    9,267      197,295

Universal Forest Products, Inc.

    8,545      329,153
         
        2,575,844
         

Commercial Services & Supplies (1.2%)

      

ABM Industries, Inc.

    20,030      424,636

ACCO Brands Corp.*

    24,884      190,611

American Reprographics Co.*

    14,913      133,770

Amrep Corp.*

    3,676      53,412

APAC Customer Services, Inc.*

    12,183      70,052

ATC Technology Corp.*

    7,067      121,270

Bowne & Co., Inc.

    21,677      241,915

Cenveo, Inc.*

    23,388      202,540

Clean Harbors, Inc.*

    10,105      561,434

Consolidated Graphics, Inc.*

    4,204      174,088

Cornell Cos., Inc.*

    5,291      96,878

Courier Corp.

    9,104      150,307

Deluxe Corp.

    23,948      465,070

EnergySolutions, Inc.

    31,733      204,043

EnerNOC, Inc.*

    6,356      188,646

Ennis, Inc.

    11,608      188,862

Fuel Tech, Inc.*

    12,239      98,157

G&K Services, Inc., Class A

    7,805      201,993

GEO Group, Inc.*

    22,821      452,312

Healthcare Services Group, Inc.

    18,644      417,439

Herman Miller, Inc.

    22,799      411,750

HNI Corp.

    19,163      510,311

Innerworkings, Inc.*

    18,299      95,155

Interface, Inc., Class A

    22,105      255,976

Kimball International, Inc., Class B

    17,643      122,619

Knoll, Inc.

    19,399      218,239

M&F Worldwide Corp.*

    4,419      135,221

McGrath RentCorp

    10,405      252,113

Metalico, Inc.*

    20,985      125,700

Mine Safety Appliances Co.

    11,651      325,762

Mobile Mini, Inc.*

    14,831      229,732

Multi-Color Corp.

    9,309      111,522

North American Galvanizing & Coatings, Inc.*

    8,504    $ 47,282

Perma-Fix Environmental Services*

    27,386      61,345

Rollins, Inc.

    19,628      425,535

Schawk, Inc.

    8,417      152,600

Standard Parking Corp.*

    4,666      76,616

Standard Register Co.

    17,882      95,669

Steelcase, Inc., Class A

    32,663      211,330

Sykes Enterprises, Inc.*

    18,151      414,569

Team, Inc.*

    7,393      122,650

Tetra Tech, Inc.#*

    27,304      629,084

U.S. Ecology, Inc.

    7,695      123,890

United Stationers, Inc.*

    10,758      633,108

Viad Corp.

    9,022      185,402

Waste Services, Inc.*

    9,375      92,719
         
        10,703,334
         

Construction & Engineering (0.4%)

      

Argan, Inc.*

    4,573      59,449

Comfort Systems USA, Inc.

    15,828      197,692

Dycom Industries, Inc.*

    14,979      131,366

EMCOR Group, Inc.*

    29,894      736,289

Furmanite Corp.*

    23,408      121,488

Granite Construction, Inc.

    14,868      449,311

Great Lakes Dredge & Dock Corp.

    22,472      117,978

Insituform Technologies, Inc., Class A*

    17,020      452,902

Integrated Electrical Services, Inc.*

    7,225      40,821

Layne Christensen Co.*

    8,238      220,037

MasTec, Inc.*

    21,963      276,953

Michael Baker Corp.*

    3,701      127,610

MYR Group, Inc.*

    7,326      119,487

Northwest Pipe Co.*

    2,403      52,506

Orion Marine Group, Inc.*

    11,550      208,478

Pike Electric Corp.*

    10,129      94,402

Primoris Services Corp.

    7,272      56,285

Sterling Construction Co., Inc.*

    5,528      86,900

Tutor Perini Corp.*

    11,296      245,688
         
        3,795,642
         

Electrical Equipment (1.2%)

      

A. O. Smith Corp.

    9,918      521,389

Acuity Brands, Inc.

    19,548      825,121

Advanced Battery Technologies, Inc.*

    35,812      139,667

American Superconductor Corp.*

    20,387      589,184

AZZ, Inc.

    5,589      189,188

Baldor Electric Co.

    21,054      787,420

Belden, Inc.

    20,287      557,081

Brady Corp., Class A

    21,722      675,989

Broadwind Energy, Inc.*

    14,255      63,720

Chase Corp.

    4,210      53,130

China BAK Battery, Inc.*

    24,028      57,907

Encore Wire Corp.

    7,110      147,888

Ener1, Inc.*

    26,949      127,469

Energy Conversion Devices, Inc.*

    20,254      158,589

EnerSys*

    18,569      457,911

Evergreen Solar, Inc.*

    74,887      84,622

Franklin Electric Co., Inc.

    9,602      287,964

FuelCell Energy, Inc.*

    38,990      109,952

Fushi Copperweld, Inc.*

    9,870      110,741

Generac Holdings, Inc.*

    4,992      69,938

GrafTech International Ltd.*

    56,256      769,019

GT Solar International, Inc.*

    22,126      115,719

Harbin Electric, Inc.*

    7,313      157,888

II-VI, Inc.*

    11,142      377,045

LaBarge, Inc.*

    7,356      81,284

 

See Notes to Portfolio of Investments.

79

EQ ADVISORS TRUST

AXA TACTICAL MANAGER 2000 PORTFOLIO-II

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Lihua International, Inc.*

    5,900    $ 54,162

LSI Industries, Inc.

    9,158      62,457

Microvision, Inc.*

    29,808      84,059

Orion Energy Systems, Inc.*

    2,980      14,602

Polypore International, Inc.*

    9,943      173,605

Powell Industries, Inc.*

    3,726      121,207

PowerSecure International, Inc.*

    11,265      88,768

Preformed Line Products Co.

    1,418      54,097

Regal-Beloit Corp.

    16,309      968,918

SatCon Technology Corp.*

    18,518      44,999

Ultralife Corp.*

    9,712      38,945

Valence Technology, Inc.*

    71,493      60,769

Vicor Corp.*

    11,947      164,988

Woodward Governor Co.

    27,457      878,075
         
        10,325,476
         

Industrial Conglomerates (0.1%)

      

Otter Tail Corp.

    15,277      335,483

Raven Industries, Inc.

    7,175      211,591

Seaboard Corp.

    118      153,294

Standex International Corp.

    5,186      133,643

Tredegar Corp.

    13,808      235,840

United Capital Corp.*

    3,297      78,205
         
        1,148,056
         
Machinery (1.4%)      

3D Systems Corp.*

    9,215      125,785

Actuant Corp., Class A

    29,377      574,320

Alamo Group, Inc.

    5,646      112,864

Albany International Corp., Class A

    12,077      260,018

Altra Holdings, Inc.*

    12,595      172,929

American Railcar Industries, Inc.

    8,101      98,508

Ampco-Pittsburgh Corp.

    3,294      81,757

Astec Industries, Inc.*

    7,551      218,677

Badger Meter, Inc.

    6,449      248,351

Barnes Group, Inc.

    19,710      383,359

Blount International, Inc.*

    16,158      167,397

Briggs & Stratton Corp.

    22,693      442,513

Cascade Corp.

    3,652      117,631

Chart Industries, Inc.*

    12,856      257,120

China Fire & Security Group, Inc.*

    2,855      37,029

CIRCOR International, Inc.

    7,784      258,507

CLARCOR, Inc.

    23,141      798,133

Colfax Corp.*

    10,059      118,394

Columbus McKinnon Corp.*

    7,760      123,151

Duoyuan Printing, Inc.*

    8,404      90,763

Dynamic Materials Corp.

    5,132      80,162

Eastern Co.

    677      9,167

Energy Recovery, Inc.*

    18,628      117,356

EnPro Industries, Inc.*

    9,052      263,232

ESCO Technologies, Inc.

    11,570      368,042

Federal Signal Corp.

    19,160      172,632

Flow International Corp.*

    23,173      69,751

Force Protection, Inc.*

    31,227      187,987

FreightCar America, Inc.

    5,941      143,535

Gorman-Rupp Co.

    5,906      150,249

Graham Corp.

    4,666      83,941

Greenbrier Cos., Inc.*

    8,002      88,102

Hurco Cos., Inc.*

    2,774      46,686

John Bean Technologies Corp.

    11,558      202,727

Kadant, Inc.*

    6,316      91,014

Kaydon Corp.

    14,868      559,037

K-Tron International, Inc.*

    1,228      184,163

L.B. Foster Co., Class A*

    3,500      101,115

Lindsay Corp.

    5,722      236,948

Met-Pro Corp.

    9,776      95,805

Middleby Corp.*

    7,318    $ 421,444

Miller Industries, Inc.

    6,185      76,880

Mueller Industries, Inc.

    16,166      433,087

Mueller Water Products, Inc., Class A

    65,404      312,631

NACCO Industries, Inc., Class A

    2,564      190,121

Nordson Corp.

    15,322      1,040,670

Omega Flex, Inc.

    3,100      32,550

PMFG, Inc.*

    6,081      80,452

Portec Rail Products, Inc.

    673      7,820

RBC Bearings, Inc.*

    8,573      273,221

Robbins & Myers, Inc.

    12,117      288,627

Sauer-Danfoss, Inc.*

    8,043      106,811

SmartHeat, Inc.*

    6,628      71,185

Sun Hydraulics Corp.

    5,553      144,267

Tecumseh Products Co., Class A*

    8,382      102,847

Tennant Co.

    7,762      212,601

Titan International, Inc.

    14,766      128,907

Trimas Corp.*

    13,012      84,448

Twin Disc, Inc.

    10,042      122,713

Watts Water Technologies, Inc., Class A

    12,344      383,405
         
        12,453,544
         

Marine (0.1%)

      

American Commercial Lines, Inc.*

    7,641      191,789

Eagle Bulk Shipping, Inc.*

    28,548      151,590

Genco Shipping & Trading Ltd.*

    11,663      246,206

Horizon Lines, Inc., Class A

    12,814      69,708

International Shipholding Corp.

    4,569      134,283

Ultrapetrol Bahamas Ltd.*

    17,641      96,849
         
        890,425
         

Professional Services (0.7%)

      

Acacia Research Corp.- Acacia Technologies*

    12,740      137,974

Administaff, Inc.

    9,162      195,517

Advisory Board Co.*

    7,510      236,565

Barrett Business Services, Inc.

    5,686      77,102

CBIZ, Inc.*

    17,349      113,983

CDI Corp.

    5,297      77,654

COMSYS IT Partners, Inc.*

    3,194      55,831

Corporate Executive Board Co.

    16,226      431,449

CoStar Group, Inc.*

    8,391      348,394

CRA International, Inc.*

    3,600      82,512

Diamond Management & Technology Consultants, Inc.

    10,596      83,179

Exponent, Inc.*

    6,259      178,507

Franklin Covey Co.*

    2,009      15,952

GP Strategies Corp.*

    10,169      85,013

Heidrick & Struggles International, Inc.

    6,980      195,649

Hill International, Inc.*

    22,290      129,951

Huron Consulting Group, Inc.*

    9,812      199,184

ICF International, Inc.*

    4,894      121,567

Kelly Services, Inc., Class A*

    11,315      188,508

Kforce, Inc.*

    10,870      165,333

Korn/Ferry International*

    21,317      376,245

Mistras Group, Inc.*

    5,812      58,062

Navigant Consulting, Inc.*

    22,164      268,849

Odyssey Marine Exploration, Inc.*

    20,167      26,419

On Assignment, Inc.*

    15,770      112,440

Resources Connection, Inc.*

    20,329      389,707

School Specialty, Inc.*

    7,185      163,171

SFN Group, Inc.*

    20,043      160,544

Towers Watson & Co., Class A#

    19,440      923,400

TrueBlue, Inc.*

    17,510      271,405

 

See Notes to Portfolio of Investments.

80

EQ ADVISORS TRUST

AXA TACTICAL MANAGER 2000 PORTFOLIO-II

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Volt Information Sciences, Inc.*

    8,211    $ 83,834

VSE Corp.

    1,855      76,352
         
        6,030,252
         

Road & Rail (0.6%)

      

Amerco, Inc.*

    4,065      220,689

Arkansas Best Corp.

    11,393      340,423

Avis Budget Group, Inc.*

    45,707      525,631

Celadon Group, Inc.*

    14,762      205,782

Dollar Thrifty Automotive Group, Inc.*

    12,941      415,794

Genesee & Wyoming, Inc., Class A*

    15,785      538,584

Heartland Express, Inc.

    21,179      349,454

Knight Transportation, Inc.

    24,583      518,456

Marten Transport Ltd.*

    6,264      123,463

Old Dominion Freight Line, Inc.*

    13,242      442,150

Patriot Transportation Holding, Inc.*

    669      56,517

RailAmerica, Inc.*

    8,930      105,374

Saia, Inc.*

    8,933      123,990

Universal Truckload Services, Inc.*

    4,238      74,504

USA Truck, Inc.*

    4,882      78,893

Werner Enterprises, Inc.

    19,710      456,681

YRC Worldwide, Inc.*

    469,463      255,294
         
        4,831,679
         

Trading Companies & Distributors (0.4%)

      

Aceto Corp.

    17,745      107,180

Aircastle Ltd.

    18,525      175,432

Applied Industrial Technologies, Inc.

    18,425      457,861

Beacon Roofing Supply, Inc.*

    19,800      378,774

BlueLinx Holdings, Inc.*

    771      2,937

DXP Enterprises, Inc.*

    4,670      59,636

H&E Equipment Services, Inc.*

    11,256      121,340

Houston Wire & Cable Co.

    8,140      94,261

Interline Brands, Inc.*

    13,850      265,089

Kaman Corp.

    11,079      277,086

Lawson Products, Inc.

    4,538      70,203

RSC Holdings, Inc.*

    17,691      140,820

Rush Enterprises, Inc., Class A*

    12,809      169,207

TAL International Group, Inc.

    8,518      170,190

Textainer Group Holdings Ltd.

    5,652      121,801

Titan Machinery, Inc.*

    7,664      104,920

United Rentals, Inc.*

    27,091      254,113

Watsco, Inc.

    12,475      709,578

Willis Lease Finance Corp.*

    4,400      69,432
         
        3,749,860
         

Transportation Infrastructure (0.0%)

      

CAI International, Inc.*

    8,054      99,225
         

Total Industrials

         71,186,517
         

Information Technology (9.6%)

      

Communications Equipment (1.6%)

      

3Com Corp.#*

    177,667      1,366,259

Acme Packet, Inc.*

    17,253      332,638

ADC Telecommunications, Inc.*

    43,310      316,596

ADTRAN, Inc.

    26,004      685,205

Airvana, Inc.*

    11,758      90,066

Anaren, Inc.*

    5,513      78,505

Arris Group, Inc.*

    56,405      677,424

Aruba Networks, Inc.*

    25,256      344,997

Aviat Networks, Inc.*

    25,780      170,921

Bel Fuse, Inc., Class B

    4,063      81,870

BigBand Networks, Inc.*

    31,264      110,362

Black Box Corp.

    7,224      222,210

Blue Coat Systems, Inc.*

    18,284      567,535

Cogo Group, Inc.*

    11,914    $ 83,279

Communications Systems, Inc.

    4,419      57,138

Comtech Telecommunications Corp.*

    12,996      415,742

DG FastChannel, Inc.*

    9,325      297,934

Digi International, Inc.*

    9,293      98,878

Emcore Corp.*

    23,916      28,938

EMS Technologies, Inc.*

    9,505      157,783

Emulex Corp.*

    37,038      491,865

Extreme Networks, Inc.*

    35,060      107,634

Globecomm Systems, Inc.*

    9,354      71,932

Harmonic, Inc.*

    40,146      253,321

Hughes Communications, Inc.*

    4,641      129,252

Infinera Corp.*

    35,972      306,481

InterDigital, Inc.*

    18,653      519,673

Ixia*

    8,718      80,816

KVH Industries, Inc.*

    7,755      102,288

Loral Space & Communications, Inc.*

    4,143      145,502

NETGEAR, Inc.*

    14,842      387,376

Network Equipment Technologies, Inc.*

    19,684      108,459

Oplink Communications, Inc.*

    9,052      167,824

Opnext, Inc.*

    51,643      121,878

Palm, Inc.#*

    78,449      294,968

Parkervision, Inc.*

    15,629      26,569

PC-Tel, Inc.*

    10,472      64,717

Plantronics, Inc.

    22,226      695,229

Polycom, Inc.#*

    39,169      1,197,788

Powerwave Technologies, Inc.*

    67,144      83,930

Riverbed Technology, Inc.*

    24,904      707,274

SeaChange International, Inc.*

    6,486      46,570

ShoreTel, Inc.*

    17,431      115,219

Sonus Networks, Inc.*

    94,393      246,366

Sycamore Networks, Inc.

    7,935      159,573

Symmetricom, Inc.*

    20,078      117,055

Tekelec*

    30,218      548,759

UTStarcom, Inc.*

    44,994      125,533

ViaSat, Inc.*

    14,339      496,273
         
        14,104,404
         

Computers & Peripherals (0.4%)

      

3PAR, Inc.*

    15,707      157,070

ActivIdentity Corp.*

    7,786      22,112

Adaptec, Inc.*

    46,918      153,422

Avid Technology, Inc.*

    12,402      170,900

Compellent Technologies, Inc.*

    7,520      131,976

Cray, Inc.*

    20,434      121,582

Electronics for Imaging, Inc.*

    21,421      249,126

Imation Corp.*

    16,087      177,118

Immersion Corp.*

    18,375      91,875

Intermec, Inc.*

    26,172      371,119

Intevac, Inc.*

    9,987      138,020

Isilon Systems, Inc.*

    11,117      95,717

Netezza Corp.*

    21,085      269,677

Novatel Wireless, Inc.*

    15,635      105,224

Quantum Corp.*

    97,190      255,610

Rimage Corp.*

    7,134      103,158

Silicon Graphics International Corp.*

    13,666      146,089

STEC, Inc.*

    11,444      137,099

Stratasys, Inc.*

    8,839      215,495

Super Micro Computer, Inc.*

    11,032      190,633

Synaptics, Inc.*

    15,619      431,241
         
        3,734,263
         

Electronic Equipment, Instruments & Components (1.1%)

      

Agilysys, Inc.

    7,607      84,970

Anixter International, Inc.*

    14,060      658,711

 

See Notes to Portfolio of Investments.

81

EQ ADVISORS TRUST

AXA TACTICAL MANAGER 2000 PORTFOLIO-II

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Benchmark Electronics, Inc.*

    29,484    $ 611,498

Brightpoint, Inc.*

    21,312      160,479

Checkpoint Systems, Inc.*

    16,465      364,206

China Security & Surveillance Technology, Inc.*

    20,658      158,860

Cogent, Inc.*

    16,496      168,259

Cognex Corp.

    16,867      311,871

Coherent, Inc.*

    9,480      302,981

Comverge, Inc.*

    8,157      92,256

CPI International, Inc.*

    5,438      72,108

CTS Corp.

    16,624      156,598

Daktronics, Inc.

    11,735      89,421

DDi Corp.*

    14,736      83,553

DTS, Inc.*

    7,923      269,699

Echelon Corp.*

    11,830      106,115

Electro Rent Corp.

    8,411      110,436

Electro Scientific Industries, Inc.*

    11,682      149,646

FARO Technologies, Inc.*

    6,727      173,220

ICx Technologies, Inc.*

    12,583      87,704

Insight Enterprises, Inc.*

    20,509      294,509

IPG Photonics Corp.*

    10,242      151,582

L-1 Identity Solutions, Inc.*

    32,525      290,448

Littelfuse, Inc.*

    9,168      348,476

Maxwell Technologies, Inc.*

    9,207      114,075

Measurement Specialties, Inc.*

    7,040      103,558

Mercury Computer Systems, Inc.*

    10,241      140,507

Methode Electronics, Inc.

    17,239      170,666

MTS Systems Corp.

    7,794      226,260

Multi-Fineline Electronix, Inc.*

    4,078      105,049

Newport Corp.*

    16,940      211,750

OSI Systems, Inc.*

    7,534      211,329

PAR Technology Corp.*

    447      2,704

Park Electrochemical Corp.

    8,480      243,715

PC Connection, Inc.*

    15,640      96,968

PC Mall, Inc.*

    1,402      7,094

Plexus Corp.*

    17,133      617,302

Power-One, Inc.*

    38,411      162,094

RadiSys Corp.*

    17,426      156,137

RAE Systems, Inc.*

    784      639

Rofin-Sinar Technologies, Inc.*

    12,580      284,560

Rogers Corp.*

    6,472      187,753

Scansource, Inc.*

    11,875      341,762

SMART Modular Technologies (WWH), Inc.*

    18,456      142,296

Spectrum Control, Inc.*

    7,524      87,956

SYNNEX Corp.*

    8,395      248,156

Technitrol, Inc.

    29,574      156,151

TTM Technologies, Inc.*

    19,427      172,512

Universal Display Corp.*

    12,230      143,947

X-Rite, Inc.*

    24,477      74,165

Zygo Corp.*

    8,193      75,621
         
        9,782,332
         

Internet Software & Services (1.0%)

      

Ancestry.com, Inc.*

    5,617      95,208

Archipelago Learning, Inc.*

    4,528      66,018

Art Technology Group, Inc.*

    60,741      267,868

comScore, Inc.*

    9,308      155,351

Constant Contact, Inc.*

    10,920      253,562

DealerTrack Holdings, Inc.*

    15,772      269,386

Dice Holdings, Inc.*

    11,800      89,680

Digital River, Inc.*

    17,311      524,523

DivX, Inc.*

    19,507      139,670

EarthLink, Inc.

    47,755      407,828

GSI Commerce, Inc.*

    13,313      368,371

Imergent, Inc.

    771      5,189

InfoSpace, Inc.*

    14,810    $ 163,651

Innodata Isogen, Inc.*

    23,084      93,490

Internap Network Services Corp.*

    22,075      123,620

Internet Brands, Inc., Class A*

    15,987      147,400

Internet Capital Group, Inc.*

    18,979      160,373

Ipass, Inc.*

    14,395      16,554

j2 Global Communications, Inc.*

    20,300      475,020

Keynote Systems, Inc.

    9,864      112,351

Knot, Inc.*

    11,615      90,829

Limelight Networks, Inc.*

    31,563      115,521

Liquidity Services, Inc.*

    7,546      87,081

LivePerson, Inc.*

    16,445      126,133

LogMeIn, Inc.*

    3,427      70,905

LoopNet, Inc.*

    9,002      101,182

Marchex, Inc., Class B

    6,086      31,099

MercadoLibre, Inc.*

    11,628      560,586

ModusLink Global Solutions, Inc.*

    20,906      176,238

Move, Inc.*

    52,038      108,759

NIC, Inc.

    21,293      167,576

OpenTable, Inc.*

    3,969      151,338

Openwave Systems, Inc.*

    60,581      139,336

Perficient, Inc.*

    11,977      134,981

QuinStreet, Inc.*

    2,731      46,454

Rackspace Hosting, Inc.*

    30,180      565,271

RealNetworks, Inc.*

    38,156      184,294

Saba Software, Inc.*

    14,454      71,547

SAVVIS, Inc.*

    15,628      257,862

Stamps.com, Inc.*

    9,418      95,122

support.com, Inc.*

    25,776      84,288

Switch & Data Facilities Co., Inc.*

    9,155      162,593

TechTarget, Inc.*

    10,881      56,908

Terremark Worldwide, Inc.*

    24,844      174,156

Travelzoo, Inc.*

    3,966      59,530

United Online, Inc.

    33,431      250,064

ValueClick, Inc.*

    39,923      404,819

Vocus, Inc.*

    6,448      109,938

Web.com Group, Inc.*

    11,656      63,525

Zix Corp.*

    42,268      97,639
         
        8,680,687
         

IT Services (1.1%)

      

Acxiom Corp.*

    29,088      521,839

CACI International, Inc., Class A*

    14,139      690,690

Cass Information Systems, Inc.

    4,993      155,532

China Information Security Technology, Inc.*

    15,033      75,917

CIBER, Inc.*

    25,695      96,099

Computer Task Group, Inc.*

    7,638      55,375

CSG Systems International, Inc.*

    15,847      332,153

Cybersource Corp.*

    30,037      529,853

Dynamics Research Corp.*

    4,399      49,577

Echo Global Logistics, Inc.*

    5,431      70,114

eLoyalty Corp.*

    5,903      33,234

Euronet Worldwide, Inc.*

    20,973      386,532

ExlService Holdings, Inc.*

    7,078      118,061

Forrester Research, Inc.*

    6,563      197,349

Gartner, Inc.*

    31,443      699,292

Global Cash Access Holdings, Inc.*

    16,641      135,957

Hackett Group, Inc.*

    22,790      63,356

Heartland Payment Systems, Inc.

    16,135      300,111

iGATE Corp.

    10,657      103,693

infoGROUP, Inc.*

    15,764      122,959

Information Services Group, Inc.*

    3,458      11,792

Integral Systems, Inc.*

    5,035      48,487

Lionbridge Technologies, Inc.*

    28,055      101,840

 

See Notes to Portfolio of Investments.

82

EQ ADVISORS TRUST

AXA TACTICAL MANAGER 2000 PORTFOLIO-II

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

ManTech International Corp., Class A*

    9,564    $ 467,010

MAXIMUS, Inc.

    7,477      455,574

MoneyGram International, Inc.*

    31,067      118,365

NCI, Inc., Class A*

    5,022      151,815

Ness Technologies, Inc.*

    14,013      88,422

Online Resources Corp.*

    13,170      53,075

RightNow Technologies, Inc.*

    8,590      153,417

Sapient Corp.

    35,449      324,004

SRA International, Inc., Class A*

    17,609      366,091

StarTek, Inc.*

    1,859      12,920

Syntel, Inc.

    5,457      209,931

TeleTech Holdings, Inc.*

    14,577      248,975

Tier Technologies, Inc., Class B*

    7,431      59,151

TNS, Inc.*

    11,396      254,131

Unisys Corp.*

    19,354      675,261

VeriFone Holdings, Inc.*

    32,450      655,815

Virtusa Corp.*

    8,357      86,161

Wright Express Corp.*

    16,335      492,010
         
        9,771,940
         

Semiconductors & Semiconductor Equipment (2.0%)

      

Actel Corp.*

    10,310      142,793

Advanced Analogic Technologies, Inc.*

    32,159      112,235

Advanced Energy Industries, Inc.*

    13,087      216,721

Amkor Technology, Inc.*

    46,450      328,401

ANADIGICS, Inc.*

    29,232      142,067

Applied Micro Circuits Corp.*

    30,034      259,193

Atheros Communications, Inc.*

    30,524      1,181,584

ATMI, Inc.*

    13,919      268,776

Brooks Automation, Inc.*

    27,890      245,990

Cabot Microelectronics Corp.*

    10,355      391,730

Cavium Networks, Inc.*

    16,787      417,325

CEVA, Inc.*

    8,926      104,077

Cirrus Logic, Inc.*

    28,289      237,345

Cohu, Inc.

    9,593      132,096

Cymer, Inc.*

    13,517      504,184

Diodes, Inc.*

    13,804      309,210

DSP Group, Inc.*

    11,999      99,952

Entegris, Inc.*

    54,130      272,815

Entropic Communications, Inc.*

    28,264      143,581

Exar Corp.*

    21,414      150,969

FEI Co.*

    16,232      371,875

FormFactor, Inc.*

    22,780      404,573

GSI Technology, Inc.*

    13,946      64,988

Hittite Microwave Corp.*

    9,080      399,248

IXYS Corp.*

    18,570      158,588

Kopin Corp.*

    26,191      96,907

Kulicke & Soffa Industries, Inc.*

    31,184      226,084

Lattice Semiconductor Corp.*

    48,882      179,397

MEMSIC, Inc.*

    14,506      46,274

Micrel, Inc.

    16,022      170,794

Microsemi Corp.*

    36,747      637,193

Microtune, Inc.*

    52,189      142,476

MIPS Technologies, Inc.*

    24,067      107,339

MKS Instruments, Inc.*

    22,127      433,468

Monolithic Power Systems, Inc.*

    14,222      317,151

Netlogic Microsystems, Inc.*

    22,057      649,137

NVE Corp.*

    3,294      149,218

OmniVision Technologies, Inc.*

    23,747      407,973

Pericom Semiconductor Corp.*

    15,221      163,017

Photronics, Inc.*

    35,637      181,392

PLX Technology, Inc.*

    22,637      119,297

Power Integrations, Inc.

    10,521      433,465

RF Micro Devices, Inc.*

    118,089      588,083

Rubicon Technology, Inc.*

    6,180    $ 124,836

Rudolph Technologies, Inc.*

    14,687      125,868

Semtech Corp.*

    27,251      474,985

Sigma Designs, Inc.*

    13,800      161,874

Silicon Image, Inc.*

    32,729      98,842

Silicon Storage Technology, Inc.*

    32,949      100,165

Skyworks Solutions, Inc.*

    78,139      1,218,968

Standard Microsystems Corp.*

    9,687      225,513

Supertex, Inc.*

    3,754      96,065

Techwell, Inc.*

    7,113      133,013

Tessera Technologies, Inc.*

    21,789      441,881

Trident Microsystems, Inc.*

    43,211      75,187

TriQuint Semiconductor, Inc.*

    65,837      460,859

Ultratech, Inc.*

    9,034      122,862

Veeco Instruments, Inc.*

    17,450      759,075

Virage Logic Corp.*

    10,007      78,655

Volterra Semiconductor Corp.*

    10,856      272,486

White Electronic Designs Corp.*

    3,865      27,055

Zoran Corp.*

    23,705      255,066
         
        17,362,236
         

Software (2.4%)

      

ACI Worldwide, Inc.*

    14,900      307,089

Actuate Corp.*

    12,612      70,501

Advent Software, Inc.*

    6,620      296,245

American Software, Inc., Class A

    9,855      57,258

ArcSight, Inc.*

    8,081      227,480

Ariba, Inc.*

    39,673      509,798

AsiaInfo Holdings, Inc.*

    13,778      364,841

Blackbaud, Inc.

    18,866      475,235

Blackboard, Inc.*

    15,331      638,689

Bottomline Technologies, Inc.*

    10,936      184,053

Callidus Software, Inc.*

    3,689      13,391

China TransInfo Technology Corp.*

   14,999      101,093

Chordiant Software, Inc.*

    25,632      129,954

CommVault Systems, Inc.*

    18,301      390,726

Concur Technologies, Inc.*

    18,102      742,363

Deltek, Inc.*

    10,843      82,841

DemandTec, Inc.*

    18,814      130,757

Double-Take Software, Inc.*

    11,336      101,004

Ebix, Inc.*

    10,954      174,935

Epicor Software Corp.*

    18,642      178,218

EPIQ Systems, Inc.*

    13,116      163,032

ePlus, Inc.*

    3,544      62,197

Fair Isaac Corp.

    22,129      560,749

FalconStor Software, Inc.*

    33,692      117,248

Fortinet, Inc.*

    5,378      94,545

GSE Systems, Inc.*

    13,041      70,552

Informatica Corp.*

    40,735      1,094,142

Interactive Intelligence, Inc.*

    5,604      104,739

Jack Henry & Associates, Inc.

    38,893      935,766

JDA Software Group, Inc.*

    14,679      408,370

Kenexa Corp.*

    10,519      144,636

Lawson Software, Inc.*

    59,875      395,774

Manhattan Associates, Inc.*

    10,187      259,565

Mentor Graphics Corp.*

    45,142      362,039

MicroStrategy, Inc., Class A*

    4,042      343,853

Monotype Imaging Holdings, Inc.*

    11,325      110,192

Net 1 UEPS Technologies, Inc.*

    12,956      238,261

NetScout Systems, Inc.*

    10,796      159,673

NetSuite, Inc.*

    4,396      63,918

Opnet Technologies, Inc.

    7,767      125,204

Parametric Technology Corp.*

    54,303      980,169

Pegasystems, Inc.

    6,590      243,830

Pervasive Software, Inc.*

    1,538      7,782

Phoenix Technologies Ltd.*

    6,852      22,063

 

See Notes to Portfolio of Investments.

83

EQ ADVISORS TRUST

AXA TACTICAL MANAGER 2000 PORTFOLIO-II

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Progress Software Corp.*

    17,334    $ 544,808

PROS Holdings, Inc.*

    9,403      92,902

QAD, Inc.*

    9,676      50,799

Quest Software, Inc.*

    27,790      494,384

Radiant Systems, Inc.*

    12,335      176,020

Renaissance Learning, Inc.

    6,895      111,906

Rosetta Stone, Inc.*

    5,605      133,287

S1 Corp.*

    22,117      130,490

Smith Micro Software, Inc.*

    14,031      124,034

SolarWinds, Inc.*

    5,791      125,433

Solera Holdings, Inc.#

    31,773      1,228,026

SonicWALL, Inc.*

    24,675      214,426

Sourcefire, Inc.*

    9,513      218,323

SRS Labs, Inc.*

    7,348      73,039

SuccessFactors, Inc.*

    20,787      395,785

Symyx Technologies, Inc.*

    19,793      88,871

Synchronoss Technologies, Inc.*

    7,352      142,408

Take-Two Interactive Software, Inc.*

    38,087      375,157

Taleo Corp., Class A*

    17,129      443,812

TeleCommunication Systems, Inc., Class A*

    19,318      141,601

THQ, Inc.*

    29,039      203,563

TIBCO Software, Inc.*

    80,114      864,430

TiVo, Inc.*

    48,254      826,109

Tyler Technologies, Inc.*

    13,769      258,031

Ultimate Software Group, Inc.*

    10,290      339,056

Unica Corp.*

    8,642      76,827

VASCO Data Security International, Inc.*

    11,884      98,043

Websense, Inc.*

    18,774      427,484
         
        20,643,824
         

Total Information Technology

         84,079,686
         

Materials (2.5%)

      

Chemicals (1.2%)

      

A. Schulman, Inc.

    9,750      238,582

American Vanguard Corp.

    12,634      102,967

Ampal American Israel, Class A*

    19,816      55,088

Arch Chemicals, Inc.

    11,265      387,403

Balchem Corp.

    11,609      286,162

Calgon Carbon Corp.*

    25,855      442,638

China Green Agriculture, Inc.*

    5,806      81,284

Ferro Corp.*

    37,465      329,317

H.B. Fuller Co.

    20,999      487,387

Hawkins, Inc.

    2,692      65,146

ICO, Inc.

    11,995      96,920

Innophos Holdings, Inc.

    7,351      205,093

Innospec, Inc.*

    14,559      165,390

Koppers Holdings, Inc.

    8,116      229,845

Kraton Performance Polymers, Inc.*

    3,043      54,348

Landec Corp.*

    14,211      94,219

LSB Industries, Inc.*

    7,179      109,408

Minerals Technologies, Inc.

    8,568      444,165

NewMarket Corp.

    4,598      473,548

NL Industries, Inc.

    11,536      98,979

Olin Corp.

    36,630      718,681

OM Group, Inc.*

    13,909      471,237

Omnova Solutions, Inc.*

    18,290      143,577

PolyOne Corp.*

    41,812      428,155

Quaker Chemical Corp.

    6,605      179,062

Rockwood Holdings, Inc.*

    21,445      570,866

Sensient Technologies Corp.

    22,071      641,383

ShengdaTech, Inc.*

    19,127      143,261

Solutia, Inc.*

    54,489      877,818

Spartech Corp.*

    11,806      138,130

Stepan Co.

    3,041    $ 169,961

STR Holdings, Inc.*

    2,600      61,100

W.R. Grace & Co.*

    32,990      915,802

Westlake Chemical Corp.

    8,466      218,338

Zep, Inc.

    9,635      210,814

Zoltek Cos., Inc.*

    16,079      155,002
         
        10,491,076
         

Construction Materials (0.1%)

      

Headwaters, Inc.*

    25,253      115,912

Texas Industries, Inc.

    11,272      385,164

United States Lime & Minerals, Inc.*

    1,503      58,121
         
        559,197
         

Containers & Packaging (0.2%)

      

AEP Industries, Inc.*

    2,978      77,488

Boise, Inc.*

    19,480      119,412

Bway Holding Co.*

    5,025      101,002

Graham Packaging Co., Inc.*

    4,507      56,563

Graphic Packaging Holding Co.*

    51,057      184,316

Myers Industries, Inc.

    14,936      156,529

Rock-Tenn Co., Class A

    17,967      818,756

Silgan Holdings, Inc.

    12,168      732,879
         
        2,246,945
         

Metals & Mining (0.6%)

      

A.M. Castle & Co.*

    8,421      110,147

Allied Nevada Gold Corp.*

    24,846      411,698

AMCOL International Corp.

    9,908      269,498

Brush Engineered Materials, Inc.*

    7,680      173,338

Century Aluminum Co.*

    26,583      365,782

China Precision Steel, Inc.*

    35,454      74,453

Coeur d’Alene Mines Corp.*

    34,655      519,132

General Moly, Inc.*

    33,940      112,681

General Steel Holdings, Inc.*

    20,765      85,344

Haynes International, Inc.

    5,299      188,274

Hecla Mining Co.*

    104,886      573,726

Horsehead Holding Corp.*

    17,301      204,844

Kaiser Aluminum Corp.

    6,525      251,669

Olympic Steel, Inc.

    5,619      183,460

Paramount Gold and Silver Corp.*

    63,607      88,414

RTI International Metals, Inc.*

    13,349      404,875

Stillwater Mining Co.*

    18,434      239,273

Sutor Technology Group Ltd.*

    21,144      61,318

U.S. Gold Corp.*

    38,522      104,009

Universal Stainless & Alloy Products, Inc.*

    4,174      100,134

Worthington Industries, Inc.

    26,926      465,551
         
        4,987,620
         

Paper & Forest Products (0.4%)

      

Buckeye Technologies, Inc.*

    17,565      229,750

Clearwater Paper Corp.*

    4,754      234,135

Deltic Timber Corp.

    4,637      204,260

Domtar Corp.*

    18,763      1,208,525

Glatfelter

    20,236      293,220

KapStone Paper and Packaging Corp.*

    12,220      145,051

Louisiana-Pacific Corp.*

    57,164      517,334

Neenah Paper, Inc.

    7,554      119,655

Schweitzer-Mauduit International, Inc.

    8,013      381,098

Wausau Paper Corp.*

    17,789      151,918
         
        3,484,946
         

Total Materials

         21,769,784
         

 

See Notes to Portfolio of Investments.

84

EQ ADVISORS TRUST

AXA TACTICAL MANAGER 2000 PORTFOLIO-II

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Telecommunication Services (0.5%)

      

Diversified Telecommunication Services (0.4%)

      

AboveNet, Inc.*

      6,609    $ 335,275

Alaska Communications Systems Group, Inc.

      22,540      183,025

Atlantic Tele-Network, Inc.

      3,544      159,232

Cbeyond, Inc.*

      9,698      132,669

Cincinnati Bell, Inc.*

      90,006      306,920

Cogent Communications Group, Inc.*

      20,139      209,647

Consolidated Communications Holdings, Inc.

      9,915      187,988

General Communication, Inc., Class A*

      25,809      148,918

Global Crossing Ltd.*

      13,310      201,646

HickoryTech Corp.

      6,414      56,636

inContact, Inc.*

      27,080      77,178

Iowa Telecommunications Services, Inc.

      14,523      242,534

Neutral Tandem, Inc.*

      14,984      239,444

PAETEC Holding Corp.*

      48,279      225,946

Premiere Global Services, Inc.*

      24,896      205,641

SureWest Communications*

      5,777      49,624
         
        2,962,323
         

Wireless Telecommunication Services (0.1%)

      

NTELOS Holdings Corp.

      12,427      221,076

Shenandoah Telecommunications Co.

      11,013      207,044

Syniverse Holdings, Inc.*

      29,635      576,994

USA Mobility, Inc.*

      14,423      182,740
         
        1,187,854
         

Total Telecommunication Services

         4,150,177
         

Utilities (1.6%)

      

Electric Utilities (0.6%)

      

Allete, Inc.

      12,562      420,576

Central Vermont Public Service Corp.

      9,014      181,812

Cleco Corp.

      27,874      740,055

El Paso Electric Co.*

      19,274      397,044

Empire District Electric Co.

      17,768      320,179

IDACORP, Inc.

      22,588      781,997

MGE Energy, Inc.

      9,976      352,751

PNM Resources, Inc.

      39,952      500,599

Portland General Electric Co.

      36,059      696,299

UIL Holdings Corp.

      13,280      365,200

UniSource Energy Corp.

      14,841      466,601

Unitil Corp.

      4,750      110,438
         
        5,333,551
         

Gas Utilities (0.6%)

      

Chesapeake Utilities Corp.

      4,708      140,298

Laclede Group, Inc.

      9,562      322,431

New Jersey Resources Corp.

      19,818      744,364

Nicor, Inc.

      21,193      888,411

Northwest Natural Gas Co.

      11,460      534,036

Piedmont Natural Gas Co., Inc.#

      34,471      950,710

South Jersey Industries, Inc.

      13,207      554,562

Southwest Gas Corp.

      20,065      600,345

WGL Holdings, Inc.

      22,813      790,470
         
        5,525,627
         

Independent Power Producers & Energy Traders (0.0%)

      

U.S. Geothermal, Inc.*

      59,901      54,510
         

Multi-Utilities (0.2%)

      

Avista Corp.

      23,238      481,259

Black Hills Corp.

      14,505      440,227

CH Energy Group, Inc.

      6,791      277,344

NorthWestern Corp.

      16,026    $ 429,657
         
        1,628,487
         

Water Utilities (0.2%)

      

American States Water Co.

      8,213      284,991

Artesian Resources Corp., Class A

      4,013      70,870

Cadiz, Inc.*

      3,764      48,066

California Water Service Group

      9,138      343,680

Connecticut Water Service, Inc.

      3,687      85,796

Consolidated Water Co., Ltd.

      8,146      110,623

Middlesex Water Co.

      7,530      128,387

Pennichuck Corp.

      2,371      55,742

SJW Corp.

      5,949      151,224

Southwest Water Co.

      12,895      134,624

York Water Co.

      10,276      141,295
         
        1,555,298
         

Total Utilities

         14,097,473
         

Total Common Stocks (53.4%)
(Cost $412,928,271)

         468,460,503
         

INVESTMENT COMPANY:

      

Investment Company (0.0%)

      

Kayne Anderson Energy Development Co.
(Cost $40,587)

      3,018      48,771
         
     Number of
Warrants		    Value
(Note 1)

WARRANT:

      

Consumer Discretionary (0.0%)

      

Hotels, Restaurants & Leisure (0.0%)

      

Krispy Kreme Doughnuts, Inc., expiring 3/2/12*
(Cost $9)

      159      1
         
     Principal
Amount		    Value
(Note 1)

SHORT-TERM INVESTMENTS:

      

Short-Term Investment (43.3%)

      

BlackRock Liquidity Funds TempFund 0.11% ‡

    $ 379,483,805      379,483,805
         

Time Deposit (0.2%)

      

JPMorgan Chase Nassau

      

0.000%, 4/1/10

      1,616,282      1,616,282
         

Total Short-Term Investments (43.5%)
(Amortized Cost $381,100,087)

         381,100,087
         

Total Investments (96.9%)
(Cost/Amortized Cost $794,068,954)

         849,609,362

Other Assets Less Liabilities (3.1%)

         26,972,680
         

Net Assets (100%)

       $ 876,582,042
         

 

* Non-income producing.

 

‡ Affiliated company as defined under the Investment Company Act of 1940.

 

# All, or a portion of security held by broker as collateral for financial futures contracts, with a total collateral value of $730,345.

 

See Notes to Portfolio of Investments.

85

EQ ADVISORS TRUST

AXA TACTICAL MANAGER 2000 PORTFOLIO-II

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

Investments in companies which were affiliates for the three months ended March 31, 2010, were as follows:

 

Securities

    Market Value
December 31,  2009		    Purchases
at Cost		    Sales
at Cost		    Market Value
March 31, 2010		    Dividend
Income		    Realized
Gain  (Loss)

BlackRock Liquidity Funds TempFund

    $ 334,787,282    $ 147,450,052    $ 102,753,529    $ 379,483,805    $ 65,635    $ —  
                                         

At March 31, 2010, the Portfolio had the following futures contracts open: (Note 1)

 

     Number of
Contracts		    Expiration
Date		    Original
Value		    Value at
3/31/2010		    Unrealized
Appreciation/
(Depreciation)
Purchase               

Russell 2000 Mini Index

    5,998    June-10    $ 399,412,016    $ 406,124,580    $ 6,712,564
                  

The following is a summary of the inputs used to value the Portfolio’s assets and liabilities carried at fair value as of March 31, 2010:

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, money market securities are valued using amortized cost, in accordance with rules under the Investment Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active market, such securities are reflected as Level 2.

Various inputs are used in determining the value of the Portfolio’s investments. These inputs are summarized in the three broad levels listed below:

 

Investment Type

    Level 1
Quoted prices  in active
markets for identical
securities		    Level 2
Significant other
observable inputs
(including quoted  prices
for similar securities,
interest rates,
prepayment speeds,
credit risk, etc.)		    Level 3
Significant unobservable
inputs (including the
Portfolio’s  own
assumptions in
determining the fair
value of investments)		    Total

Assets:

            

Common Stocks

            

Consumer Discretionary

    $ 69,897,263    $ —      $ —      $ 69,897,263

Consumer Staples

      14,635,227      —        —        14,635,227

Energy

      23,231,515      —        —        23,231,515

Financials

      98,278,712      —        —        98,278,712

Health Care

      67,134,149      —        —        67,134,149

Industrials

      71,133,533      52,984      —        71,186,517

Information Technology

      84,079,686      —        —        84,079,686

Materials

      21,769,784      —        —        21,769,784

Telecommunication Services

      4,150,177      —        —        4,150,177

Utilities

      14,097,473      —        —        14,097,473

Futures

      6,712,564      —        —        6,712,564

Investment Companies

            

Investment Companies

      48,771      —        —        48,771

Short-Term Investments

      —        381,100,087      —        381,100,087

Warrants

            

Consumer Discretionary

      1      —        —        1
                           

Total Assets

    $ 475,168,855    $ 381,153,071    $ —      $ 856,321,926
                           

Total Liabilities

    $ —      $ —      $ —      $ —  
                           

Total

    $ 475,168,855    $ 381,153,071    $ —      $ 856,321,926
                           

 

See Notes to Portfolio of Investments.

86

EQ ADVISORS TRUST

AXA TACTICAL MANAGER 2000 PORTFOLIO-II

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

Investment security transactions for the three months ended March 31, 2010 were as follows:

 

Cost of Purchases:

   

Stocks and long-term corporate debt securities

    $ 46,311,805

Net Proceeds of Sales and Redemptions:

   

Stocks and long-term corporate debt securities

    $ 15,814,649

As of March 31, 2010, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investments for Federal income tax purposes was as follows:

 

Aggregate gross unrealized appreciation

    $ 65,229,900   

Aggregate gross unrealized depreciation

      (14,938,945 ) 
        

Net unrealized appreciation

    $ 50,290,955   
        

Federal income tax cost of investments

    $ 799,318,407   
        

 

See Notes to Portfolio of Investments.

87

EQ ADVISORS TRUST

AXA TACTICAL MANAGER INTERNATIONAL PORTFOLIO-I

PORTFOLIO OF INVESTMENTS

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

COMMON STOCKS:

      

Australia (4.8%)

      

AGL Energy Ltd.

    2,492    $ 34,370

Alumina Ltd.

    13,577      21,492

Amcor Ltd.

    6,747      39,563

AMP Ltd.

    11,401      65,493

Aristocrat Leisure Ltd.

    2,291      9,524

Arrow Energy Ltd.*

    3,325      15,347

Asciano Group*

    15,376      26,738

ASX Ltd.

    953      29,681

Australia & New Zealand Banking Group Ltd.

    13,650      317,657

Bendigo and Adelaide Bank Ltd.

    1,953      17,922

BHP Billiton Ltd.

    18,264      730,567

Billabong International Ltd.

    1,147      11,894

BlueScope Steel Ltd.*

    10,112      27,003

Boral Ltd.

    3,329      17,138

Brambles Ltd.

    7,755      52,377

Caltex Australia Ltd.

    769      7,981

CFS Retail Property Trust (REIT)

    9,747      16,771

Coca-Cola Amatil Ltd.

    3,112      32,127

Cochlear Ltd.

    316      21,122

Commonwealth Bank of Australia

    8,354      431,522

Computershare Ltd.

    2,469      28,366

Crown Ltd.

    2,734      20,522

CSL Ltd.

    3,079      102,931

CSR Ltd.

    8,119      12,330

Dexus Property Group (REIT)

    26,511      19,706

Energy Resources of Australia Ltd.

    389      6,747

Fairfax Media Ltd.

    11,813      19,512

Fortescue Metals Group Ltd.*

    6,833      30,724

Foster’s Group Ltd.

    10,620      51,553

Goodman Fielder Ltd.

    7,465      9,796

Goodman Group (REIT)

    33,818      20,327

GPT Group (REIT)

    51,268      27,051

Harvey Norman Holdings Ltd.

    3,018      10,025

Incitec Pivot Ltd.

    8,911      28,375

Insurance Australia Group Ltd.

    11,710      41,693

Intoll Group

    12,732      13,086

Leighton Holdings Ltd.

    826      29,561

Lend Lease Group

    2,439      19,382

Macquarie Group Ltd.

    1,820      78,913

MAp Group

    4,205      11,923

Metcash Ltd.

    4,331      16,454

Mirvac Group (REIT)

    14,928      20,206

National Australia Bank Ltd.

    11,420      288,398

Newcrest Mining Ltd.

    2,647      79,720

Nufarm Ltd.

    996      7,522

OneSteel Ltd.

    7,361      26,344

Orica Ltd.

    1,980      48,676

Origin Energy Ltd.

    4,814      73,111

OZ Minerals Ltd.*

    17,434      18,318

Paladin Energy Ltd.*

    3,641      13,198

Qantas Airways Ltd.*

    6,744      17,576

QBE Insurance Group Ltd.

    5,639      107,788

Rio Tinto Ltd.

    2,378      171,082

Santos Ltd.

    4,566      61,425

Sims Metal Management Ltd.

    902      17,928

Sonic Healthcare Ltd.

    2,053      27,072

SP AusNet

    4,244      3,525

Stockland Corp., Ltd. (REIT)

    13,076      47,877

Suncorp-Metway Ltd.

    7,079      55,476

TABCORP Holdings Ltd.

    3,399      21,522

Tatts Group Ltd.

    6,846      15,454

Telstra Corp., Ltd.

    23,915    $ 65,617

Toll Holdings Ltd.

    3,680      25,057

Transurban Group

    6,407      29,691

Wesfarmers Ltd.

    5,485      160,009

Wesfarmers Ltd. (PPS)

    820      23,981

Westfield Group (REIT)

    11,343      125,531

Westpac Banking Corp.

    16,025      409,397

Woodside Petroleum Ltd.

    2,972      127,908

Woolworths Ltd.

    6,766      173,847

WorleyParsons Ltd.

    919      21,463
         
        4,809,985
         

Austria (0.2%)

      

Erste Group Bank AG

    1,016      42,677

Immoeast AG*

    2,358      12,930

OMV AG

    795      29,829

Raiffeisen International Bank Holding AG

    304      14,453

Telekom Austria AG

    1,687      23,583

Verbund - Oesterreichische Elektrizitaetswirtschafts AG, Class A

    342      13,576

Vienna Insurance Group

    155      8,186

Voestalpine AG

    652      26,375
         
        171,609
         

Belgium (0.5%)

      

Anheuser-Busch InBev N.V.

    3,935      198,216

Belgacom S.A.

    846      33,046

Cie Nationale a Portefeuille

    116      6,079

Colruyt S.A.

    84      20,677

Delhaize Group S.A.

    556      44,682

Dexia S.A.*

    2,478      14,780

Fortis*

    12,507      44,529

Groupe Bruxelles Lambert S.A.

    446      39,408

KBC Groep N.V.*

    885      42,858

Mobistar S.A.

    174      10,708

Solvay S.A.

    329      33,821

UCB S.A.

    561      23,955

Umicore S.A.

    637      22,245
         
        535,004
         

Bermuda (0.0%)

      

Seadrill Ltd.

    1,542      35,935
         

China (0.0%)

      

Foxconn International Holdings Ltd.*

    11,404      12,029

Yangzijiang Shipbuilding Holdings Ltd.

    9,327      7,734
         
        19,763
         

Cyprus (0.0%)

      

Bank of Cyprus PCL

    3,140      19,848
         

Denmark (0.5%)

      

A. P. Moller - Maersk A/S, Class A

    3      21,848

A. P. Moller - Maersk A/S, Class B

    7      53,340

Carlsberg A/S, Class B

    600      50,357

Coloplast A/S, Class B

    150      16,519

Danske Bank A/S*

    2,500      61,504

DSV A/S

    1,170      20,909

H. Lundbeck A/S

    200      3,770

Novo Nordisk A/S, Class B

    2,350      182,353

Novozymes A/S, Class B

    250      27,668

Topdanmark A/S*

    75      9,770

TrygVesta A/S

    162      10,693

Vestas Wind Systems A/S*

    1,100      59,772

 

See Notes to Portfolio of Investments.

88

EQ ADVISORS TRUST

AXA TACTICAL MANAGER INTERNATIONAL PORTFOLIO-I

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

William Demant Holding A/S*

    75    $ 5,307
         
        523,810
         

Finland (0.7%)

      

Elisa Oyj*

    750      15,468

Fortum Oyj

    2,400      58,705

Kesko Oyj, Class B

    400      15,743

Kone Oyj, Class B

    860      35,544

Metso Oyj

    600      19,376

Neste Oil Oyj

    750      13,078

Nokia Oyj

    20,400      317,689

Nokian Renkaat Oyj

    600      15,584

Orion Oyj, Class B

    516      11,416

Outokumpu Oyj

    600      13,169

Pohjola Bank plc

    794      8,922

Rautaruukki Oyj

    500      10,805

Sampo Oyj, Class A

    2,300      61,012

Sanoma Oyj

    290      6,424

Stora Enso Oyj*

    3,200      24,376

UPM-Kymmene Oyj

    2,900      38,483

Wartsila Oyj

    500      25,325
         
        691,119
         

France (5.6%)

      

Accor S.A.

    808      44,701

Aeroports de Paris S.A.

    124      10,210

Air France-KLM*

    857      13,549

Air Liquide S.A.

    1,370      164,463

Alcatel-Lucent*

    12,746      40,301

Alstom S.A.

    1,109      69,157

Atos Origin S.A.*

    258      12,956

AXA S.A.

    9,296      206,791

BioMerieux

    46      5,283

BNP Paribas S.A.

    5,157      396,047

Bouygues S.A.

    1,230      61,834

Bureau Veritas S.A.

    278      14,756

Cap Gemini S.A.

    808      39,801

Carrefour S.A.

    3,463      166,909

Casino Guichard Perrachon S.A.

    308      26,062

Christian Dior S.A.

    314      33,496

Cie de Saint-Gobain S.A.

    2,105      101,215

Cie Generale de Geophysique-Veritas*

    798      22,640

Cie Generale d’Optique Essilor International S.A.

    1,104      70,485

CNP Assurances S.A.

    167      15,771

Compagnie Generale des Etablissements Michelin, Class B

    808      59,543

Credit Agricole S.A.

    5,076      88,852

Danone S.A.

    3,001      180,777

Dassault Systemes S.A.

    364      21,531

EDF S.A.

    1,300      70,936

Eiffage S.A.

    171      8,845

Eramet S.A.

    21      7,228

Eurazeo S.A.

    150      10,420

Eutelsat Communications S.A.

    557      19,801

Fonciere Des Regions (REIT)

    131      14,429

France Telecom S.A.

    10,107      241,828

GDF Suez S.A.

    6,775      261,709

Gecina S.A. (REIT)

    80      8,854

Groupe Eurotunnel S.A.

    2,633      26,832

Hermes International S.A.

    264      36,673

ICADE (REIT)

    132      14,693

Iliad S.A.

    86      8,869

Imerys S.A.

    128      7,890

Ipsen S.A.

    148      7,227

J.C. Decaux S.A.*

    264      7,377

Klepierre S.A. (REIT)

    508    $ 19,953

Lafarge S.A.

    1,096      77,124

Lagardere S.C.A.

    656      26,545

Legrand S.A.

    593      18,734

L’Oreal S.A.

    1,308      137,551

LVMH Moet Hennessy Louis Vuitton S.A.

    1,338      156,392

M6-Metropole Television

    245      6,337

Natixis S.A.*

    4,831      26,067

Neopost S.A.

    175      13,986

PagesJaunes Groupe S.A.

    736      8,452

Pernod-Ricard S.A.

    1,083      91,963

Peugeot S.A.*

    845      24,880

PPR S.A.

    418      55,650

Publicis Groupe S.A.

    661      28,283

Renault S.A.*

    1,018      47,711

Safran S.A.

    1,046      27,267

Sanofi-Aventis S.A.

    5,733      427,351

Schneider Electric S.A.

    1,287      150,953

SCOR SE

    961      24,272

Societe BIC S.A.

    154      11,792

Societe Des Autoroutes Paris-Rhin-Rhone*

    84      6,041

Societe Generale S.A.

    3,427      215,534

Societe Television Francaise 1 S.A.

    667      12,374

Sodexo S.A.

    523      31,258

Suez Environnement Co. S.A.

    1,492      34,338

Technip S.A.

    573      46,590

Thales S.A.

    502      20,151

Total S.A.

    11,495      667,296

Unibail-Rodamco S.A. (REIT)

    499      101,096

Vallourec S.A.

    314      63,319

Veolia Environnement

    2,163      75,023

Vinci S.A.

    2,415      142,330

Vivendi S.A.

    6,706      179,474
         
        5,596,828
         

Germany (4.3%)

      

Adidas AG

    1,149      61,455

Allianz SE (Registered)

    2,481      311,070

BASF SE

    5,005      310,419

Bayer AG

    4,505      304,721

Bayerische Motoren Werke (BMW) AG

    1,813      83,697

Bayerische Motoren Werke (BMW) AG (Preference)

    205      7,256

Beiersdorf AG

    490      29,309

Celesio AG

    477      15,250

Commerzbank AG*

    3,911      33,496

Daimler AG

    4,915      231,383

Deutsche Bank AG (Registered)

    3,214      247,567

Deutsche Boerse AG

    1,067      79,090

Deutsche Lufthansa AG (Registered)

    1,362      22,590

Deutsche Post AG (Registered)

    4,634      80,396

Deutsche Postbank AG*

    490      15,721

Deutsche Telekom AG (Registered)

    15,460      209,541

E.ON AG

    10,352      382,196

Fraport AG

    146      7,688

Fresenius Medical Care AG & Co. KGaA

    1,056      59,583

Fresenius SE

    111      8,262

Fresenius SE (Preference)

    446      33,674

GEA Group AG

    877      20,326

Hannover Rueckversicherung AG (Registered)*

    357      17,629

HeidelbergCement AG

    773      43,119

Henkel AG & Co. KGaA

    633      29,329

 

See Notes to Portfolio of Investments.

89

EQ ADVISORS TRUST

AXA TACTICAL MANAGER INTERNATIONAL PORTFOLIO-I

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Henkel AG & Co. KGaA (Preference)

   981    $ 52,814

Hochtief AG

    235      19,749

Infineon Technologies AG*

    5,987      41,556

K+S AG

    944      57,286

Linde AG

    830      99,033

MAN SE

    583      48,805

Merck KGaA

    358      29,012

Metro AG

    627      37,194

Muenchener Rueckversicherungs-Gesellschaft AG (Registered)

    1,083      175,750

Porsche Automobil Holding SE (Preference)

    432      26,365

Puma AG Rudolf Dassler Sport

    19      6,019

RWE AG

    2,284      202,368

RWE AG (Non-Voting)(Preference)

    173      14,228

Salzgitter AG

    218      20,237

SAP AG

    4,680      226,672

Siemens AG (Registered)

    4,480      448,675

Solarworld AG

    484      7,299

Suedzucker AG

    381      8,408

ThyssenKrupp AG

    1,837      63,157

TUI AG*

    797      8,962

United Internet AG*

    559      8,479

Volkswagen AG

    165      15,934

Volkswagen AG (Preference)

    577      52,916

Wacker Chemie AG

    89      13,271
         
        4,328,956
         

Greece (0.2%)

      

Alpha Bank AE*

    2,581      24,437

Coca Cola Hellenic Bottling Co. S.A.

    903      24,344

EFG Eurobank Ergasias S.A.*

    1,813      16,651

Hellenic Petroleum S.A.

    299      3,425

Hellenic Telecommunications Organization S.A.

    1,151      14,287

Marfin Investment Group S.A.*

    3,693      8,479

National Bank of Greece S.A.*

    3,325      66,915

OPAP S.A.

    1,235      28,023

Piraeus Bank S.A.*

    1,698      14,838

Public Power Corp. S.A.*

    544      9,552

Titan Cement Co. S.A.

    296      7,836
         
        218,787
         

Hong Kong (1.3%)

      

ASM Pacific Technology Ltd.

    1,000      9,473

Bank of East Asia Ltd.

    8,000      29,468

BOC Hong Kong Holdings Ltd.

    20,500      48,898

Cathay Pacific Airways Ltd.*

    7,000      14,750

Cheung Kong Holdings Ltd.

    8,000      103,036

Cheung Kong Infrastructure Holdings Ltd.

    2,000      7,741

Chinese Estates Holdings Ltd.

    2,000      3,343

CLP Holdings Ltd.

    11,000      78,630

Esprit Holdings Ltd.

    6,181      48,760

Genting Singapore plc*

    25,941      16,411

Hang Lung Group Ltd.

    4,000      21,225

Hang Lung Properties Ltd.

    11,000      44,344

Hang Seng Bank Ltd.

    4,200      58,530

Henderson Land Development Co., Ltd.

    6,000      42,271

Hong Kong & China Gas Co., Ltd.

    22,000      54,856

Hong Kong Exchanges and Clearing Ltd.

    5,500      91,805

HongKong Electric Holdings Ltd.

    7,500      44,483

Hopewell Holdings Ltd.

    3,000      8,887

Hutchison Whampoa Ltd.

    12,000      87,787

Hysan Development Co., Ltd.

    4,000      11,566

Kerry Properties Ltd.

    4,000    $ 21,457

Li & Fung Ltd.

    12,000      59,040

Lifestyle International Holdings Ltd.

    1,664      3,005

Link REIT (REIT)

    12,000      29,582

Mongolia Energy Co., Ltd.*

    14,648      6,773

MTR Corp.

    8,000      30,293

New World Development Ltd.

    14,000      27,408

Noble Group Ltd.

    10,000      21,874

NWS Holdings Ltd.

    3,000      5,989

Orient Overseas International Ltd.

    1,500      11,118

PCCW Ltd.

    21,000      6,248

Shangri-La Asia Ltd.

    6,000      11,777

Sino Land Co., Ltd.

    10,000      19,603

Sun Hung Kai Properties Ltd.

    8,000      120,346

Swire Pacific Ltd., Class A

    4,000      48,118

Television Broadcasts Ltd.

    1,000      4,843

Wharf Holdings Ltd.

    8,000      45,078

Wheelock & Co., Ltd.

    4,000      11,798

Wing Hang Bank Ltd.

    1,000      9,144

Yue Yuen Industrial Holdings Ltd.†

    3,500      12,171
         
        1,331,929
         

Ireland (0.3%)

      

CRH plc

    3,812      95,199

Elan Corp. plc*

    2,378      17,922

Experian plc

    5,644      55,543

Kerry Group plc, Class A

    723      22,460

Shire plc

    3,080      67,958
         
        259,082
         

Italy (1.8%)

      

A2A S.p.A.

    6,296      11,812

Assicurazioni Generali S.p.A.

    6,411      153,871

Atlantia S.p.A.

    1,427      33,305

Autogrill S.p.A.*

    597      7,265

Banca Carige S.p.A.

    2,479      6,772

Banca Monte dei Paschi di Siena S.p.A.

    12,465      18,452

Banca Popolare Societa Cooperativa

    2,227      13,829

Banco Popolare S.c.a.r.l.*

    3,552      24,707

Enel S.p.A.

    35,903      200,759

ENI S.p.A.

    14,154      332,064

Exor S.p.A.

    236      4,099

Fiat S.p.A.*

    4,203      54,724

Finmeccanica S.p.A.

    2,249      30,012

Fondiaria-Sai S.p.A.

    470      7,072

Intesa Sanpaolo S.p.A.*

    46,148      168,887

Italcementi S.p.A.

    385      4,451

Luxottica Group S.p.A.

    508      13,585

Mediaset S.p.A.

    3,935      33,802

Mediobanca S.p.A.*

    2,634      28,301

Mediolanum S.p.A.

    1,445      8,456

Parmalat S.p.A.

    9,510      26,043

Pirelli & C S.p.A.*

    15,155      9,313

Prysmian S.p.A.

    569      11,182

Saipem S.p.A.

    1,458      56,419

Snam Rete Gas S.p.A.

    7,901      40,045

Telecom Italia S.p.A.

    54,983      79,164

Telecom Italia S.p.A. (RNC)

    30,208      34,068

Terna Rete Elettrica Nazionale S.p.A.

    7,227      31,260

UniCredit S.p.A.*

    89,247      263,684

Unione di Banche Italiane S.c.p.A.

    3,175      42,840

Unipol Gruppo Finanziario S.p.A.*

    5,236      5,912
         
        1,756,155
         

Japan (12.4%)

      

77 Bank Ltd.

    2,000      11,424

ABC-Mart, Inc.

    100      3,198

 

See Notes to Portfolio of Investments.

90

EQ ADVISORS TRUST

AXA TACTICAL MANAGER INTERNATIONAL PORTFOLIO-I

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Acom Co., Ltd.

    70    $ 1,146

Advantest Corp.

    900      22,507

Aeon Co., Ltd.

    3,500      39,721

Aeon Credit Service Co., Ltd.

    500      5,936

Aeon Mall Co., Ltd.

    300      6,325

Air Water, Inc.

    1,000      11,445

Aisin Seiki Co., Ltd.

    1,100      32,945

Ajinomoto Co., Inc.

    4,000      39,619

Alfresa Holdings Corp.

    200      8,621

All Nippon Airways Co., Ltd.*

    5,000      14,280

Amada Co., Ltd.

    2,000      16,772

Aozora Bank Ltd.

    4,000      5,648

Asahi Breweries Ltd.

    2,100      39,376

Asahi Glass Co., Ltd.

    6,000      67,579

Asahi Kasei Corp.

    7,000      37,662

Asics Corp.

    1,000      9,776

Astellas Pharma, Inc.

    2,500      90,518

Bank of Kyoto Ltd.

    2,000      18,419

Bank of Yokohama Ltd.

    7,000      34,292

Benesse Holdings, Inc.

    400      17,328

Bridgestone Corp.

    3,300      56,335

Brother Industries Ltd.

    1,000      12,087

Canon Marketing Japan, Inc.

    200      2,723

Canon, Inc.

    5,700      263,996

Casio Computer Co., Ltd.

    1,300      9,998

Central Japan Railway Co.

    8      60,926

Chiba Bank Ltd.

    4,000      23,917

Chiyoda Corp.

    1,000      9,926

Chubu Electric Power Co., Inc.

    3,600      89,990

Chugai Pharmaceutical Co., Ltd.

    1,200      22,565

Chugoku Bank Ltd.

    1,000      13,499

Chugoku Electric Power Co., Inc.

    1,400      27,823

Chuo Mitsui Trust Holdings, Inc.

    5,000      18,772

Citizen Holdings Co., Ltd.

    1,500      10,252

Coca-Cola West Co., Ltd.

    300      4,906

Cosmo Oil Co., Ltd.

    3,000      7,252

Credit Saison Co., Ltd.

    900      13,959

Dai Nippon Printing Co., Ltd.

    3,000      40,528

Daicel Chemical Industries Ltd.

    2,000      13,755

Daido Steel Co., Ltd.

    1,000      4,204

Daihatsu Motor Co., Ltd.

    1,000      9,552

Daiichi Sankyo Co., Ltd.

    3,700      69,298

Daikin Industries Ltd.

    1,300      53,188

Dainippon Sumitomo Pharma Co., Ltd.

    1,000      9,167

Daito Trust Construction Co., Ltd.

    400      19,296

Daiwa House Industry Co., Ltd.

    3,000      33,854

Daiwa Securities Group, Inc.

    9,000      47,363

DeNA Co., Ltd.

    2      14,804

Denki Kagaku Kogyo KK

    3,000      12,900

Denso Corp.

    2,700      80,431

Dentsu, Inc.

    881      23,153

Dowa Holdings Co., Ltd.

    2,000      12,044

East Japan Railway Co.

    1,809      125,773

Eisai Co., Ltd.

    1,400      49,941

Electric Power Development Co., Ltd.

    700      23,061

Elpida Memory, Inc.*

    1,000      19,692

FamilyMart Co., Ltd.

    300      9,546

Fanuc Ltd.

    1,000      106,108

Fast Retailing Co., Ltd.

    300      52,145

Fuji Electric Holdings Co., Ltd.

    3,000      8,183

Fuji Heavy Industries Ltd.*

    3,000      15,531

Fuji Media Holdings, Inc.

    4      5,926

Fujifilm Holdings Corp.

    2,500      86,105

Fujitsu Ltd.

    10,000      65,462

Fukuoka Financial Group, Inc.

    4,000      16,986

Furukawa Electric Co., Ltd.

    4,000    $ 20,794

GS Yuasa Corp.

    2,000      13,499

Gunma Bank Ltd.

    2,000      11,060

Hachijuni Bank Ltd.

    2,000      11,381

Hakuhodo DY Holdings, Inc.

    60      3,158

Hankyu Hanshin Holdings, Inc.

    6,000      27,789

Hino Motors Ltd.

    2,000      8,450

Hirose Electric Co., Ltd.

    100      11,531

Hiroshima Bank Ltd.

    2,000      8,450

Hisamitsu Pharmaceutical Co., Inc.

    300      11,151

Hitachi Chemical Co., Ltd.

    600      12,964

Hitachi Construction Machinery Co., Ltd.

    600      14,177

Hitachi High-Technologies Corp.

    400      9,177

Hitachi Ltd.*

    24,000      89,592

Hitachi Metals Ltd.

    1,000      10,514

Hokkaido Electric Power Co., Inc.

    800      15,351

Hokuhoku Financial Group, Inc.

    6,000      13,156

Hokuriku Electric Power Co.

    900      19,792

Honda Motor Co., Ltd.

    9,000      317,681

HOYA Corp.

    2,300      63,201

Ibiden Co., Ltd.

    700      24,110

Idemitsu Kosan Co., Ltd.

    100      7,573

IHI Corp.

    7,000      12,804

INPEX Corp.

    4      29,351

Isetan Mitsukoshi Holdings Ltd.

    2,000      21,500

Isuzu Motors Ltd.

    7,000      18,943

Ito En Ltd.

    200      3,096

ITOCHU Corp.

    8,000      70,082

ITOCHU Techno-Solutions Corp.

    200      6,568

Iyo Bank Ltd.

    1,000      9,509

J. Front Retailing Co., Ltd.

    3,000      17,649

Jafco Co., Ltd.

    200      5,252

Japan Petroleum Exploration Co.

    200      10,140

Japan Prime Realty Investment Corp. (REIT)

    4      8,904

Japan Real Estate Investment Corp. (REIT)

    3      25,575

Japan Retail Fund Investment Corp. (REIT)

    7      8,236

Japan Steel Works Ltd.

    2,000      22,912

Japan Tobacco, Inc.

    24      89,336

JFE Holdings, Inc.

    2,700      108,734

JGC Corp.

    1,000      17,841

Joyo Bank Ltd.

    3,000      13,381

JS Group Corp.

    1,400      28,497

JSR Corp.

    900      18,801

JTEKT Corp.

    1,100      12,990

Jupiter Telecommunications Co., Ltd.

    14      16,173

Kajima Corp.

    5,000      12,247

Kamigumi Co., Ltd.

    1,000      8,044

Kaneka Corp.

    2,000      12,964

Kansai Electric Power Co., Inc.

    4,200      96,228

Kansai Paint Co., Ltd.

    1,000      8,151

Kao Corp.

    3,000      76,051

Kawasaki Heavy Industries Ltd.

    8,000      22,077

Kawasaki Kisen Kaisha Ltd.*

    4,000      15,959

KDDI Corp.

    16      82,832

Keihin Electric Express Railway Co., Ltd.

    2,000      16,430

Keio Corp.

    3,000      20,248

Keisei Electric Railway Co., Ltd.

    1,000      6,086

Keyence Corp.

    200      47,791

Kikkoman Corp.

    1,000      11,702

Kintetsu Corp.

    9,000      28,014

 

See Notes to Portfolio of Investments.

91

EQ ADVISORS TRUST

AXA TACTICAL MANAGER INTERNATIONAL PORTFOLIO-I

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Kirin Holdings Co., Ltd.

    5,000    $ 73,751

Kobe Steel Ltd.

    14,000      30,099

Koito Manufacturing Co., Ltd.

    2,000      29,693

Komatsu Ltd.

    5,200      109,017

Konami Corp.

    500      9,643

Konica Minolta Holdings, Inc.

    2,500      29,174

Kubota Corp.

    6,000      54,680

Kuraray Co., Ltd.

    2,000      26,912

Kurita Water Industries Ltd.

    600      16,975

Kyocera Corp.

    900      87,699

Kyowa Hakko Kirin Co., Ltd.

    1,000      10,322

Kyushu Electric Power Co., Inc.

    2,100      45,711

Lawson, Inc.

    400      17,071

Mabuchi Motor Co., Ltd.

    200      11,509

Makita Corp.

    600      19,767

Marubeni Corp.

    9,000      55,931

Marui Group Co., Ltd.

    1,300      9,428

Maruichi Steel Tube Ltd.

    200      4,056

Matsui Securities Co., Ltd.

    700      5,002

Mazda Motor Corp.

    8,500      23,912

McDonald’s Holdings Co. Japan Ltd.

    176      3,573

Medipal Holdings Corp.

    600      7,105

MEIJI Holdings Co. Ltd.

    311      12,075

Minebea Co., Ltd.

    2,000      12,172

Mitsubishi Chemical Holdings Corp.

    6,500      33,233

Mitsubishi Corp.

    6,800      178,201

Mitsubishi Electric Corp.

    11,000      101,070

Mitsubishi Estate Co., Ltd.

    6,000      98,192

Mitsubishi Gas Chemical Co., Inc.

    2,000      12,044

Mitsubishi Heavy Industries Ltd.

    17,000      70,371

Mitsubishi Logistics Corp.

    1,000      12,429

Mitsubishi Materials Corp.*

    6,000      17,264

Mitsubishi Motors Corp.*

    18,000      24,452

Mitsubishi Tanabe Pharma Corp.

    1,000      14,119

Mitsubishi UFJ Financial Group, Inc.

    68,500      359,022

Mitsubishi UFJ Lease & Finance Co., Ltd.

    250      9,092

Mitsui & Co., Ltd.

    9,000      151,235

Mitsui Chemicals, Inc.

    5,000      15,135

Mitsui Engineering & Shipbuilding Co., Ltd.

    4,000      9,969

Mitsui Fudosan Co., Ltd.

    5,000      84,875

Mitsui Mining & Smelting Co., Ltd.

    3,000      8,985

Mitsui O.S.K. Lines Ltd.

    6,000      43,063

Mitsui Sumitomo Insurance Group Holdings, Inc.

    2,680      74,389

Mitsumi Electric Co., Ltd.

    500      10,942

Mizuho Financial Group, Inc.

    74,635      147,689

Mizuho Securities Co., Ltd.

    2,000      6,332

Mizuho Trust & Banking Co., Ltd.

    6,000      6,033

Murata Manufacturing Co., Ltd.

    1,200      68,157

Namco Bandai Holdings, Inc.

    1,100      10,719

NEC Corp.

    14,000      42,079

NGK Insulators Ltd.

    1,000      20,398

NGK Spark Plug Co., Ltd.

    1,000      13,584

NHK Spring Co., Ltd.

    1,000      9,177

Nidec Corp.

    600      64,306

Nikon Corp.

    2,000      43,662

Nintendo Co., Ltd.

    500      167,398

Nippon Building Fund, Inc. (REIT)

    3      25,832

Nippon Electric Glass Co., Ltd.

    2,000      28,174

Nippon Express Co., Ltd.

    5,000      21,500

Nippon Meat Packers, Inc.

    1,000      12,654

Nippon Mining Holdings, Inc.†

    5,000      23,371

Nippon Oil Corp.†

    7,000      35,266

Nippon Paper Group, Inc.

    430    $ 11,062

Nippon Sheet Glass Co., Ltd.

    4,000      11,809

Nippon Steel Corp.

    28,000      109,915

Nippon Telegraph & Telephone Corp.

    2,724      114,799

Nippon Yusen KK

    8,000      31,576

Nipponkoa Insurance Co., Ltd.†

    3,000      18,836

Nishi-Nippon City Bank Ltd.

    3,000      8,857

Nissan Chemical Industries Ltd.

    1,000      13,991

Nissan Motor Co., Ltd.*

    13,300      113,951

Nissha Printing Co., Ltd.

    200      7,808

Nisshin Seifun Group, Inc.

    1,000      12,910

Nisshin Steel Co., Ltd.

    3,000      6,257

Nisshinbo Holdings, Inc.

    2,000      20,708

Nissin Food Holdings Co., Ltd.

    400      13,456

Nitori Co., Ltd.

    200      15,189

Nitto Denko Corp.

    900      34,945

NOK Corp.

    600      9,030

Nomura Holdings, Inc.

    20,100      148,132

Nomura Real Estate Holdings, Inc.

    500      7,712

Nomura Real Estate Office Fund, Inc. (REIT)

    1      5,616

Nomura Research Institute Ltd.

    400      9,113

NSK Ltd.

    3,000      23,682

NTN Corp.

    3,000      13,542

NTT Data Corp.

    7      23,323

NTT DoCoMo, Inc.

    84      127,945

NTT Urban Development Corp.

    7      5,915

Obayashi Corp.

    4,000      17,756

Obic Co., Ltd.

    40      7,265

Odakyu Electric Railway Co., Ltd.

    3,000      24,965

OJI Paper Co., Ltd.

    4,000      17,542

Olympus Corp.

    1,000      32,089

Omron Corp.

    1,100      25,532

Ono Pharmaceutical Co., Ltd.

    500      22,248

Oracle Corp. Japan

    100      4,637

Oriental Land Co., Ltd.

    200      13,948

ORIX Corp.

    580      51,430

Osaka Gas Co., Ltd.

    11,000      39,416

Otsuka Corp.

    100      6,354

Panasonic Corp.

    11,000      168,253

Panasonic Electric Works Co., Ltd.

    2,000      25,243

Rakuten, Inc.

    40      28,923

Resona Holdings, Inc.

    2,605      32,935

Ricoh Co., Ltd.

    4,000      62,467

Rinnai Corp.

    200      10,504

Rohm Co., Ltd.

    500      37,330

Sankyo Co., Ltd.

    300      14,841

Santen Pharmaceutical Co., Ltd.

    400      12,006

Sanyo Electric Co., Ltd.*

    10,000      16,045

Sapporo Hokuyo Holdings, Inc.

    1,075      4,910

Sapporo Holdings Ltd.

    1,000      5,220

SBI Holdings, Inc.

    94      18,551

Secom Co., Ltd.

    1,200      52,498

Sega Sammy Holdings, Inc.

    1,100      13,319

Seiko Epson Corp.

    800      12,425

Sekisui Chemical Co., Ltd.

    2,000      13,563

Sekisui House Ltd.

    3,000      29,971

Senshu Ikeda Holdings, Inc.

    1,645      2,991

Seven & I Holdings Co., Ltd.

    4,200      101,485

Seven Bank Ltd.

    3      6,033

Sharp Corp.

    5,000      62,520

Shikoku Electric Power Co., Inc.

    1,000      28,335

Shimadzu Corp.

    1,000      8,012

Shimamura Co., Ltd.

    100      8,857

Shimano, Inc.

    300      13,269

 

See Notes to Portfolio of Investments.

92

EQ ADVISORS TRUST

AXA TACTICAL MANAGER INTERNATIONAL PORTFOLIO-I

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Shimizu Corp.

    3,000    $ 12,515

Shin-Etsu Chemical Co., Ltd.

    2,200      127,778

Shinko Electric Industries Co., Ltd.

    400      6,187

Shinsei Bank Ltd.

    5,000      6,043

Shionogi & Co., Ltd.

    2,000      38,036

Shiseido Co., Ltd.

    2,000      43,427

Shizuoka Bank Ltd.

    3,000      26,153

Showa Denko KK

    8,000      18,055

Showa Shell Sekiyu KK

    1,100      7,436

SMC Corp.

    300      40,721

Softbank Corp.

    4,100      100,998

Sojitz Corp.

    7,100      13,746

Sompo Japan Insurance, Inc.†

    5,000      35,084

Sony Corp.

    5,500      210,611

Sony Financial Holdings, Inc.

    5      16,419

Square Enix Holdings Co., Ltd.

    400      8,745

Stanley Electric Co., Ltd.

    800      15,514

Sumco Corp.*

    700      14,885

Sumitomo Chemical Co., Ltd.

    9,000      43,994

Sumitomo Corp.

    6,200      71,291

Sumitomo Electric Industries Ltd.

    4,100      50,258

Sumitomo Heavy Industries Ltd.

    3,000      18,066

Sumitomo Metal Industries Ltd.

    18,000      54,487

Sumitomo Metal Mining Co., Ltd.

    3,000      44,636

Sumitomo Mitsui Financial Group, Inc.

    6,997      231,262

Sumitomo Realty & Development Co., Ltd.

    2,000      38,058

Sumitomo Rubber Industries Ltd.

    1,000      8,814

Sumitomo Trust & Banking Co., Ltd.

    8,000      46,893

Suruga Bank Ltd.

    1,000      8,942

Suzuken Co., Ltd.

    400      14,098

Suzuki Motor Corp.

    1,900      41,926

Sysmex Corp.

    200      11,723

T&D Holdings, Inc.

    1,600      37,874

Taiheiyo Cement Corp.*

    5,000      7,167

Taisei Corp.

    6,000      13,221

Taiyo Nippon Sanso Corp.

    1,000      9,776

Takashimaya Co., Ltd.

    2,000      16,430

Takeda Pharmaceutical Co., Ltd.

    4,100      180,463

TDK Corp.

    600      39,919

Teijin Ltd.

    5,000      16,793

Terumo Corp.

    900      47,941

THK Co., Ltd.

    700      15,274

Tobu Railway Co., Ltd.

    4,000      22,206

Toho Co., Ltd.

    400      6,443

Toho Gas Co., Ltd.

    3,000      16,365

Tohoku Electric Power Co., Inc.

    2,400      50,726

Tokio Marine Holdings, Inc.

    4,000      112,654

Tokuyama Corp.

    2,000      11,081

Tokyo Electric Power Co., Inc.

    6,600      175,925

Tokyo Electron Ltd.

    900      59,686

Tokyo Gas Co., Ltd.

    13,000      57,290

Tokyo Steel Manufacturing Co., Ltd.

    600      7,515

Tokyo Tatemono Co., Ltd.

    2,000      7,188

Tokyu Corp.

    6,000      25,094

Tokyu Land Corp.

    3,000      11,456

TonenGeneral Sekiyu KK

    1,000      8,439

Toppan Printing Co., Ltd.

    3,000      27,083

Toray Industries, Inc.

    7,000      40,881

Toshiba Corp.*

    22,000      113,659

Tosoh Corp.

    3,000      7,637

TOTO Ltd.

    1,000      6,814

Toyo Seikan Kaisha Ltd.

    900      15,942

Toyo Suisan Kaisha Ltd.

    1,000      25,864

Toyoda Gosei Co., Ltd.

    400      11,214

Toyota Boshoku Corp.

    400    $ 7,684

Toyota Industries Corp.

    1,000      28,559

Toyota Motor Corp.

    16,000      640,924

Toyota Tsusho Corp.

    1,000      15,681

Trend Micro, Inc.

    500      17,435

Tsumura & Co.

    300      8,712

Ube Industries Ltd.

    6,000      15,403

Unicharm Corp.

    200      19,318

UNY Co., Ltd.

    1,000      8,268

Ushio, Inc.

    600      10,179

USS Co., Ltd.

    130      8,830

West Japan Railway Co.

    9      30,998

Yahoo! Japan Corp.

    72      26,223

Yakult Honsha Co., Ltd.

    500      13,488

Yamada Denki Co., Ltd.

    480      35,426

Yamaguchi Financial Group, Inc.

    1,000      10,942

Yamaha Corp.

    900      11,619

Yamaha Motor Co., Ltd.*

    1,200      17,983

Yamato Holdings Co., Ltd.

    2,000      28,110

Yamato Kogyo Co., Ltd.

    300      9,964

Yamazaki Baking Co., Ltd.

    1,000      12,376

Yaskawa Electric Corp.

    1,000      9,145

Yokogawa Electric Corp.

    1,300      11,319
         
        12,361,972
         

Luxembourg (0.3%)

      

ArcelorMittal S.A.

    4,682      205,458

Millicom International Cellular S.A. (SDR)

    385      34,445

SES S.A. (FDR)

    1,565      39,517

Tenaris S.A.

    2,594      55,987
         
        335,407
         

Macau (0.0%)

      

Sands China Ltd.*

    9,200      14,622
         

Mexico (0.0%)

      

Fresnillo plc

    705      9,072
         

Netherlands (2.5%)

      

Aegon N.V.*

    8,701      59,583

Akzo Nobel N.V.

    1,272      72,492

ASML Holding N.V.

    2,365      84,521

Corio N.V. (REIT)

    300      20,031

European Aeronautic Defence and Space Co. N.V.

    2,243      45,124

Fugro N.V. (CVA)

    375      24,509

Heineken Holding N.V.

    521      23,176

Heineken N.V.

    1,345      69,123

ING Groep N.V. (CVA)*

    19,614      195,826

James Hardie Industries SE (CDI)*

    2,420      16,122

Koninklijke (Royal) KPN N.V.

    9,124      144,553

Koninklijke Ahold N.V.

    6,532      87,078

Koninklijke Boskalis Westminster N.V.

    365      13,988

Koninklijke DSM N.V.

    853      38,037

Koninklijke Philips Electronics N.V.

    5,308      170,198

Koninklijke Vopak N.V.*

    160      12,601

QIAGEN N.V.*

    1,283      29,546

Randstad Holding N.V.*

    567      26,945

Reed Elsevier N.V.

    3,987      48,455

Royal Dutch Shell plc, Class A

    19,162      555,396

Royal Dutch Shell plc, Class B

    14,537      400,497

SBM Offshore N.V.

    923      18,469

TNT N.V.

    2,041      58,524

Unilever N.V. (CVA)

    8,877      268,510

 

See Notes to Portfolio of Investments.

93

EQ ADVISORS TRUST

AXA TACTICAL MANAGER INTERNATIONAL PORTFOLIO-I

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Wolters Kluwer N.V.

    1,544    $ 33,481
         
        2,516,785
         

New Zealand (0.1%)

      

Auckland International Airport Ltd.

    3,903      5,378

Contact Energy Ltd.*

    849      3,860

Fletcher Building Ltd.

    2,931      17,385

Sky City Entertainment Group Ltd.

    3,410      7,800

Telecom Corp. of New Zealand Ltd.

    10,603      16,344
         
        50,767
         

Norway (0.4%)

      

DnB NOR ASA*

    4,922      56,233

Norsk Hydro ASA*

    3,792      28,903

Orkla ASA

    4,275      37,800

Renewable Energy Corp. ASA*

    1,930      9,028

Statoil ASA

    6,150      142,388

Telenor ASA*

    4,500      61,028

Yara International ASA

    1,050      45,581
         
        380,961
         

Portugal (0.2%)

      

Banco Comercial Portugues S.A. (Registered)

    13,317      14,821

Banco Espirito Santo S.A. (Registered)*

    2,964      16,013

Brisa Auto-Estradas de Portugal S.A.

    663      5,624

Cimpor Cimentos de Portugal SGPS S.A.

    916      6,922

EDP - Energias de Portugal S.A.

    9,673      38,450

Galp Energia SGPS S.A., Class B

    878      15,250

Jeronimo Martins SGPS S.A.

    1,197      12,126

Portugal Telecom SGPS S.A. (Registered)

    3,228      36,091
         
        145,297
         

Singapore (0.8%)

      

Ascendas Real Estate Investment Trust (REIT)

    7,000      9,607

CapitaLand Ltd.

    14,000      39,730

CapitaMall Trust (REIT)

    11,000      13,918

CapitaMalls Asia Ltd.*

    7,032      11,360

City Developments Ltd.

    3,000      22,731

ComfortDelgro Corp., Ltd.

    8,000      8,921

Cosco Corp. (Singapore) Ltd.

    5,000      4,432

DBS Group Holdings Ltd.

    9,000      91,998

Fraser and Neave Ltd.

    6,000      20,587

Golden Agri-Resources Ltd.*

    36,609      15,178

Jardine Cycle & Carriage Ltd.

    1,000      21,001

Keppel Corp., Ltd.

    7,000      45,634

Neptune Orient Lines Ltd.

    6,000      8,621

Olam International Ltd.

    7,000      12,960

Oversea-Chinese Banking Corp., Ltd.

    14,000      87,165

SembCorp Industries Ltd.

    3,000      8,857

SembCorp Marine Ltd.

    5,000      14,975

Singapore Airlines Ltd.

    3,000      32,596

Singapore Exchange Ltd.

    5,000      27,342

Singapore Press Holdings Ltd.

    9,000      24,576

Singapore Technologies Engineering Ltd.

    5,000      11,401

Singapore Telecommunications Ltd.

    42,000      95,171

StarHub Ltd.

    2,890      4,731

United Overseas Bank Ltd.

    7,000      96,172

UOL Group Ltd.

    2,000      5,576

Wilmar International Ltd.

    6,000      28,736
         
        763,976
         

Spain (2.2%)

      

Abertis Infraestructuras S.A.

    1,565      30,121

Acciona S.A.

    143      15,859

Acerinox S.A.

    782    $ 15,394

ACS Actividades de Construccion y Servicios S.A.

    784      36,172

Banco Bilbao Vizcaya Argentaria S.A.

    19,409      265,556

Banco de Sabadell S.A.

    5,025      27,745

Banco de Valencia S.A.

    717      4,571

Banco Popular Espanol S.A.

    4,797      35,311

Banco Santander S.A.

    44,795      595,343

Bankinter S.A.

    1,611      13,404

Criteria Caixacorp S.A.

    4,255      21,086

EDP Renovaveis S.A.*

    825      6,446

Enagas S.A.

    1,004      22,002

Ferrovial S.A.

    2,455      23,874

Fomento de Construcciones y Contratas S.A.

    227      8,310

Gamesa Corp. Tecnologica S.A.

    1,028      14,093

Gas Natural SDG S.A.

    1,288      23,781

Gestevision Telecinco S.A.

    574      9,009

Grifols S.A.

    731      10,920

Iberdrola Renovables S.A.

    4,746      19,711

Iberdrola S.A.

    20,071      170,108

Iberia Lineas Aereas de Espana S.A.*

    1,816      6,348

Inditex S.A.

    1,197      78,904

Indra Sistemas S.A.

    567      11,625

Mapfre S.A.

    4,381      16,071

Red Electrica Corporacion S.A.

    601      32,255

Repsol YPF S.A.

    4,011      94,968

Sacyr Vallehermoso S.A.*

    189      1,668

Telefonica S.A.

    23,053      546,135

Zardoya Otis S.A.

    659      11,420
         
        2,168,210
         

Sweden (1.5%)

      

Alfa Laval AB

    1,850      27,235

Assa Abloy AB, Class B

    1,800      35,224

Atlas Copco AB, Class A

    3,695      57,314

Atlas Copco AB, Class B

    1,873      26,251

Electrolux AB, Class B

    1,331      30,415

Getinge AB, Class B

    1,200      28,768

Hennes & Mauritz AB, Class B

    2,800      181,907

Holmen AB, Class B

    300      8,081

Husqvarna AB, Class B*

    2,293      16,672

Investor AB, Class B

    2,600      49,871

Kinnevik Investment AB, Class B

    1,217      22,417

Lundin Petroleum AB*

    1,200      10,163

Nordea Bank AB

    17,600      173,670

Ratos AB, Class B*

    572      18,973

Sandvik AB

    5,539      69,232

Scania AB, Class B

    1,547      24,467

Securitas AB, Class B

    1,800      19,195

Skandinaviska Enskilda Banken AB, Class A*

    8,200      52,387

Skanska AB, Class B

    2,200      39,974

SKF AB, Class B

    2,156      38,309

SSAB AB, Class A

    1,013      18,210

SSAB AB, Class B

    272      4,415

Svenska Cellulosa AB, Class B

    3,141      44,284

Svenska Handelsbanken AB, Class A

    2,700      79,124

Swedbank AB, Class A*

    3,350      34,379

Swedish Match AB

    1,400      33,465

Tele2 AB, Class B

    1,700      28,370

Telefonaktiebolaget LM Ericsson, Class B

    16,000      168,629

TeliaSonera AB*

    12,500      88,722

Volvo AB, Class A*

    2,040      20,200

 

See Notes to Portfolio of Investments.

94

EQ ADVISORS TRUST

AXA TACTICAL MANAGER INTERNATIONAL PORTFOLIO-I

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Volvo AB, Class B

    5,990    $ 60,268
         
        1,510,591
         

Switzerland (4.6%)

      

ABB Ltd. (Registered)*

    12,028      262,713

Actelion Ltd. (Registered)*

    566      25,750

Adecco S.A. (Registered)

    681      38,655

Aryzta AG

    382      16,738

Baloise Holding AG (Registered)

    287      25,450

BKW FMB Energie AG

    28      2,081

Cie Financiere Richemont S.A., Class A

    2,856      110,594

Credit Suisse Group AG (Registered)

    6,129      315,925

GAM Holding Ltd.

    1,163      14,284

Geberit AG (Registered)

    214      38,298

Givaudan S.A. (Registered)

    41      35,968

Holcim Ltd. (Registered)*

    1,341      99,965

Julius Baer Group Ltd.

    1,137      41,247

Kuehne & Nagel International AG (Registered)

    300      30,359

Lindt & Spruengli AG

    3      7,099

Lindt & Spruengli AG (Registered)

    1      27,077

Logitech International S.A. (Registered)*

    1,021      16,800

Lonza Group AG (Registered)

    252      20,554

Nestle S.A. (Registered)

    18,865      966,151

Nobel Biocare Holding AG (Registered)

    690      18,454

Novartis AG (Registered)

    11,483      620,217

Pargesa Holding S.A.

    107      9,082

Roche Holding AG

    3,823      620,005

Schindler Holding AG

    347      30,454

SGS S.A. (Registered)

    29      39,991

Sonova Holding AG

    253      31,433

STMicroelectronics N.V.

    3,777      37,597

Straumann Holding AG (Registered)

    44      10,954

Swatch Group AG

    169      53,886

Swatch Group AG (Registered)

    175      10,406

Swiss Life Holding AG (Registered)*

    166      21,805

Swiss Reinsurance Co., Ltd.*

    1,904      93,719

Swisscom AG (Registered)

    128      46,713

Syngenta AG (Registered)

    516      143,290

UBS AG (Registered)*

    19,379      315,019

Xstrata plc*

    10,170      192,681

Zurich Financial Services AG

    806      206,622
         
        4,598,036
         

United Kingdom (10.4%)

      

3i Group plc

    5,381      23,778

Admiral Group plc

    1,090      21,834

AMEC plc

    1,855      22,492

Anglo American plc*

    7,174      312,879

Antofagasta plc

    2,190      34,563

Associated British Foods plc

    1,980      29,400

AstraZeneca plc

    7,897      352,201

Autonomy Corp. plc*

    1,194      33,031

Aviva plc

    15,255      89,195

BAE Systems plc

    19,357      109,067

Balfour Beatty plc

    3,398      15,067

Barclays plc

    62,127      339,683

BG Group plc

    18,358      317,723

BHP Billiton plc

    12,019      412,198

BP plc

    102,074      965,630

British Airways plc*

    2,162      7,972

British American Tobacco plc

    10,872      374,758

British Land Co. plc (REIT)

    4,775      34,861

British Sky Broadcasting Group plc

    6,270      57,279

BT Group plc, Class A

    42,444      79,802

Bunzl plc

    1,844    $ 20,175

Burberry Group plc

    2,411      26,141

Cable & Wireless Worldwide plc*

    14,249      19,893

Cairn Energy plc*

    7,598      48,080

Capita Group plc

    3,442      39,514

Carnival plc

    922      37,847

Carphone Warehouse Group plc*

    1      1

Centrica plc

    28,042      125,065

Cobham plc

    6,395      24,940

Compass Group plc

    10,167      81,153

Diageo plc

    13,644      228,995

Drax Group plc

    2,069      11,730

Eurasian Natural Resources Corp.

    1,202      21,742

Firstgroup plc

    2,695      14,682

G4S plc

    7,044      27,952

GlaxoSmithKline plc

    28,245      542,416

Hammerson plc (REIT)

    3,903      23,300

Home Retail Group plc

    4,893      20,122

HSBC Holdings plc

    94,694      959,904

ICAP plc

    2,933      16,637

Imperial Tobacco Group plc

    5,546      169,163

Inmarsat plc

    2,419      27,751

Intercontinental Hotels Group plc

    1,445      22,630

International Power plc

    8,387      40,587

Invensys plc

    4,494      23,234

Investec plc

    1,903      15,565

J Sainsbury plc

    6,470      32,164

Johnson Matthey plc

    1,188      31,477

Kazakhmys plc*

    1,189      27,552

Kingfisher plc

    13,008      42,322

Land Securities Group plc (REIT)

    4,159      42,790

Legal & General Group plc

    32,918      43,984

Liberty International plc (REIT)

    2,766      21,134

Lloyds Banking Group plc*

    207,856      197,990

London Stock Exchange Group plc

    853      9,197

Lonmin plc*

    855      26,442

Man Group plc

    9,429      34,555

Marks & Spencer Group plc

    8,692      48,817

National Grid plc

    13,256      129,044

Next plc

    1,091      35,827

Old Mutual plc*

    28,737      53,420

Pearson plc

    4,453      70,007

Petrofac Ltd.

    1,088      19,845

Prudential plc

    13,905      115,527

Randgold Resources Ltd.

    497      37,823

Reckitt Benckiser Group plc

    3,323      182,393

Reed Elsevier plc

    6,674      53,222

Resolution Ltd.*

    13,576      16,883

Rexam plc

    4,892      21,744

Rio Tinto plc

    7,395      438,216

Rolls-Royce Group plc*

    10,156      91,777

Royal Bank of Scotland Group plc*

    92,715      61,906

RSA Insurance Group plc

    19,257      37,259

SABMiller plc

    5,017      147,089

Sage Group plc

    7,315      26,541

Schroders plc

    695      14,839

Scottish & Southern Energy plc

    5,054      84,441

Segro plc (REIT)

    4,079      19,783

Serco Group plc

    2,744      25,026

Severn Trent plc

    1,318      23,901

Smith & Nephew plc

    4,876      48,577

Smiths Group plc

    1,951      33,633

Standard Chartered plc

    11,008      300,266

Standard Life plc

    11,101      33,742

Tesco plc

    43,267      285,906

 

See Notes to Portfolio of Investments.

95

EQ ADVISORS TRUST

AXA TACTICAL MANAGER INTERNATIONAL PORTFOLIO-I

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Thomas Cook Group plc

      4,797    $ 19,640

Tomkins plc

      4,985      17,853

TUI Travel plc

      2,348      10,743

Tullow Oil plc

      4,843      91,866

Unilever plc

      6,999      205,516

United Utilities Group plc

      3,778      32,048

Vedanta Resources plc

      756      31,847

Vodafone Group plc

      284,883      657,111

Whitbread plc

      979      21,898

WM Morrison Supermarkets plc

      11,662      51,941

Wolseley plc*

      1,561      37,712

WPP plc

      6,884      71,349
         
        10,439,217
         

United States (0.0%)

      

Synthes, Inc.

      327      40,813
         

Total Common Stocks (55.6%)
(Cost $54,471,794)

         55,634,536
         
     Number of
Rights		    Value
(Note 1)

RIGHTS:

      

Germany (0.0%)

      

Volkswagen AG, expiring 4/13/10*
(Cost $—)

      742      461
         
     Principal
Amount		    Value
(Note 1)

SHORT-TERM INVESTMENT:

      

Short-Term Investment (5.4%)

      

BlackRock Liquidity Funds TempFund

      

0.11% ‡

     

(Amortized Cost $5,350,790)

    $ 5,350,790    $ 5,350,790
         

Total Investments (61.0%)
(Cost $59,822,584)

         60,985,787

Other Assets Less Liabilities (39.0%)

         38,977,393
         

Net Assets (100%)

       $ 99,963,180
         

 

* Non-income producing.

 

† Securities (totaling $124,728 or 0.1% of net assets) at fair value by management.

 

‡ Affiliated company as defined under the Investment Company Act of 1940.

Glossary:

CDI — Chess Depositary Interest

CVA — Dutch Certification

FDR — Finnish Depositary Receipt

PPS — Price Protected Share

REIT — Real Estate Investment Trust

RNC — Risparmio Non-Convertible Savings Shares

SDR — Swedish Certification

Market Sector Diversification

As a Percentage of Total Net Assets

 

Consumer Discretionary

    5.4 % 

Consumer Staples

    5.8   

Energy

    4.5   

Financials

    14.3   

Health Care

    4.3   

Industrials

    6.1   

Information Technology

    2.7   

Materials

    5.8   

Telecommunication Services

    3.2   

Utilities

    3.5   

Cash and Other

    44.4   
      
   100.0 % 
      

 

See Notes to Portfolio of Investments.

96

EQ ADVISORS TRUST

AXA TACTICAL MANAGER INTERNATIONAL PORTFOLIO-I

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

Investments in companies which were affiliates for the three months ended March 31, 2010, were as follows:

 

Securities

    Market Value
December 31, 2009		    Purchases
at Cost		    Sales
at Cost		    Market Value
March 31, 2010		    Dividend
Income		    Realized
Gain (Loss)

BlackRock Liquidity Funds TempFund

    $ 15,480,657    $ 15,272,478    $ 25,402,345    $ 5,350,790    $ 1,566    $ —  
                                         

At March 31, 2010, the Portfolio had the following futures contracts open: (Note 1)

 

     Number of
Contracts		    Expiration
Date		    Original
Value		    Value at
3/31/2010		    Unrealized
Appreciation/
(Depreciation)
Purchases               

Dow Jones EURO Stoxx 50 Index

    442    June-10    $ 16,910,201    $ 17,020,108    $ 109,907

FTSE 100 Index

    126    June-10      10,662,199      10,727,557      65,358

SPI 200 Index

    37    June-10      4,109,301      4,141,423      32,122

TOPIX Index

    99    June-10      9,790,180      10,351,107      560,927
                  
               $ 768,314
                  

At March 31, 2010, the Portfolio had outstanding foreign currency contracts to buy/sell foreign currencies as follows: (Note 1)

 

     Local
Contract Buy
Amount
(000’s)		    U.S.  $
Current
Buy
Value		    U.S.  $
Current
Sell
Value		    Unrealized
Appreciation/
(Depreciation)		  

Foreign Currency Buy Contracts

            

Australian Dollar vs. U.S. Dollar, expiring 4/15/10

    1,670    $ 1,530,861    $ 1,493,164    $ 37,697   

Japanese Yen vs. U.S. Dollar, expiring 4/15/10

    395,000      4,225,285      4,350,077      (124,792 ) 
                 
            $ (87,095 ) 
                 
     Local
Contract Sell
Amount
(000’s)		    U.S.  $
Current
Buy
Value		    U.S.  $
Current
Sell
Value		    Unrealized
Appreciation/
(Depreciation)		  

Foreign Currency Sell Contract

            

Australian Dollar vs. U.S. Dollar, expiring 4/15/10

    125    $ 111,856    $ 114,585    $ (2,729 ) 
                 
            $ (89,824 ) 
                 

 

See Notes to Portfolio of Investments.

97

EQ ADVISORS TRUST

AXA TACTICAL MANAGER INTERNATIONAL PORTFOLIO-I

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

The following is a summary of the inputs used to value the Portfolio’s assets and liabilities carried at fair value as of March 31, 2010:

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, money market securities are valued using amortized cost, in accordance with rules under the Investment Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active market, such securities are reflected as Level 2.

Various inputs are used in determining the value of the Portfolio’s investments. These inputs are summarized in the three broad levels listed below:

 

Investment Type

    Level 1
Quoted prices in active
markets for identical
securities		    Level 2
Significant other
observable inputs
(including quoted  prices
for similar securities,
interest rates,
prepayment speeds,
credit risk, etc.)		     Level 3
Significant unobservable
inputs (including the
Portfolio’s  own
assumptions in
determining the fair
value of investments)		    Total  

Assets:

           

Common Stocks

           

Consumer Discretionary

    $ —      $ 5,525,970      $ 12,171    $ 5,538,141   

Consumer Staples

      —        5,590,063        —        5,590,063   

Energy

      —        4,394,683        58,637      4,453,320   

Financials

      —        14,034,014        53,920      14,087,934   

Health Care

      —        4,501,904        —        4,501,904   

Industrials

      —        6,535,886        —        6,535,886   

Information Technology

      —        2,906,396        —        2,906,396   

Materials

      —        5,867,537        —        5,867,537   

Telecommunication Services

      —        3,055,861        —        3,055,861   

Utilities

      —        3,097,494        —        3,097,494   

Forward Currency Contracts

      —        37,697        —        37,697   

Futures

      768,314      —          —        768,314   

Rights

           

Consumer Discretionary

      —        461        —        461   

Short-Term Investments

      —        5,350,790        —        5,350,790   
                              

Total Assets

    $ 768,314    $ 60,898,756      $ 124,728    $ 61,791,798   
                              

Liabilities:

           

Forward Currency Contracts

    $ —      $ (127,521 )    $ —      $ (127,521 ) 
                              

Total Liabilities

    $ —      $ (127,521 )    $ —      $ (127,521 ) 
                              

Total

    $ 768,314    $ 60,771,235      $ 124,728    $ 61,664,277   
                              

Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:

 

    

Investments in Securities-

Consumer Discretionary

   

Investments in

Securities-Energy

Balance as of 12/31/09

    $ —      $ —  

Total gains or losses (realized/unrealized) included in earnings

      1,870      1,966

Purchases, sales, issuances, and settlements (net)

      5,969      20,678

Transfers into Level 3

      4,332      35,993

Transfers out of Level 3

      —        —  
             

Balance as of 3/31/10

    $ 12,171    $ 58,637
             

The amount of total gains or losses for the year included in earnings attributable to the change in unrealized gains or losses relating to assets and liabilities still held at period ending 3/31/10.

    $ 1,870    $ 1,966

 

See Notes to Portfolio of Investments.

98

EQ ADVISORS TRUST

AXA TACTICAL MANAGER INTERNATIONAL PORTFOLIO-I

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Investments in
Securities-Financials		    Investments in
Securities-Industrials		  

Balance as of 12/31/09

    $ —      $ 439   

Total gains or losses (realized/unrealized) included in earnings

      4,103      (4 ) 

Purchases, sales, issuances, and settlements (net)

      13,050      (435 ) 

Transfers into Level 3

      36,767      —     

Transfers out of Level 3

      —        —     
               

Balance as of 3/31/10

    $ 53,920    $ —     
               

The amount of total gains or losses for the year included in earnings attributable to the change in unrealized gains or losses relating to assets and liabilities still held at period ending 3/31/10.

    $ 4,103    $ —     

Investment security transactions for the three months ended March 31, 2010 were as follows:

 

Cost of Purchases:

   

Stocks and long-term corporate debt securities

    $ 15,106,500

Net Proceeds of Sales and Redemptions:

   

Stocks and long-term corporate debt securities

    $ 98,275

As of March 31, 2010, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investments for Federal income tax purposes was as follows:

 

Aggregate gross unrealized appreciation

    $ 2,432,640   

Aggregate gross unrealized depreciation

      (1,342,187 ) 
        

Net unrealized appreciation

    $ 1,090,453   
        

Federal income tax cost of investments

    $ 59,895,334   
        

 

See Notes to Portfolio of Investments.

99

EQ ADVISORS TRUST

AXA TACTICAL MANAGER INTERNATIONAL PORTFOLIO-II

PORTFOLIO OF INVESTMENTS

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

COMMON STOCKS:

      

Australia (4.5%)

      

AGL Energy Ltd.

    51,238    $ 706,689

Alumina Ltd.

    304,497      482,002

Amcor Ltd.

    130,706      766,432

AMP Ltd.

    254,080      1,459,560

Aristocrat Leisure Ltd.

    42,001      174,596

Arrow Energy Ltd.*

    84,345      389,318

Asciano Group*

    370,198      643,755

ASX Ltd.

    16,831      524,202

Australia & New Zealand Banking Group Ltd.

    317,078      7,378,914

AXA Asia Pacific Holdings Ltd.

    63,828      370,174

Bendigo and Adelaide Bank Ltd.

    30,132      276,506

BGP Holdings plc(b)*†

    810,676      —  

BHP Billiton Ltd.

    418,467      16,738,832

Billabong International Ltd.

    26,464      274,417

BlueScope Steel Ltd.*

    179,862      480,297

Boral Ltd.

    79,271      408,088

Brambles Ltd.

    169,556      1,145,165

Caltex Australia Ltd.

    34,806      361,238

CFS Retail Property Trust (REIT)

    203,867      350,772

Coca-Cola Amatil Ltd.

    66,256      683,998

Cochlear Ltd.

    8,942      597,698

Commonwealth Bank of Australia

    189,096      9,767,663

Computershare Ltd.

    59,171      679,814

Crown Ltd.

    62,661      470,357

CSL Ltd.

    72,501      2,423,708

CSR Ltd.

    229,605      348,704

Dexus Property Group (REIT)

    777,025      577,560

Energy Resources of Australia Ltd.

    10,505      182,194

Fairfax Media Ltd.

    279,952      462,416

Fortescue Metals Group Ltd.*

    135,607      609,755

Foster’s Group Ltd.

    230,803      1,120,403

Goodman Fielder Ltd.

    253,934      333,222

Goodman Group (REIT)

    648,303      389,670

GPT Group (REIT)

    1,021,795      539,149

Harvey Norman Holdings Ltd.

    74,771      248,381

Incitec Pivot Ltd.

    151,333      481,881

Insurance Australia Group Ltd.

    276,666      985,064

Intoll Group

    309,235      317,822

Leighton Holdings Ltd.

    16,517      591,116

Lend Lease Group

    54,595      433,858

Macquarie Group Ltd.

    39,492      1,712,332

MAp Group

    50,831      144,133

Metcash Ltd.

    109,876      417,427

Mirvac Group (REIT)

    325,633      440,755

National Australia Bank Ltd.

    258,239      6,521,497

Newcrest Mining Ltd.

    58,859      1,772,673

Nufarm Ltd.

    43,943      331,869

OneSteel Ltd.

    167,618      599,877

Orica Ltd.

    45,859      1,127,390

Origin Energy Ltd.

    110,745      1,681,896

OZ Minerals Ltd.*

    536,402      563,603

Paladin Energy Ltd.*

    62,656      227,110

Qantas Airways Ltd.*

    103,513      269,768

QBE Insurance Group Ltd.

    127,628      2,439,564

Rio Tinto Ltd.

    54,023      3,886,618

Santos Ltd.

    99,713      1,341,414

Sims Metal Management Ltd.

    12,670      251,833

Sonic Healthcare Ltd.

    44,261      583,653

SP AusNet

    246,828      204,984

Stockland Corp., Ltd. (REIT)

    295,971      1,083,675

Suncorp-Metway Ltd.

    165,640      1,298,076

TABCORP Holdings Ltd.

    69,644    $ 440,971

Tatts Group Ltd.

    226,912      512,235

Telstra Corp., Ltd.

    531,599      1,458,587

Toll Holdings Ltd.

    99,203      675,470

Transurban Group

    139,449      646,225

Wesfarmers Ltd.

    123,163      3,592,923

Wesfarmers Ltd. (PPS)

    19,334      565,433

Westfield Group (REIT)

    251,786      2,786,480

Westpac Banking Corp.

    360,650      9,213,661

Woodside Petroleum Ltd.

    63,614      2,737,806

Woolworths Ltd.

    151,139      3,883,396

WorleyParsons Ltd.

    18,286      427,055
         
        109,015,779
         

Austria (0.2%)

      

Erste Group Bank AG

    23,480      986,283

Immoeast AG*

    47,832      262,293

OMV AG

    19,610      735,788

Raiffeisen International Bank Holding AG

    6,989      332,277

Telekom Austria AG

    39,214      548,182

Verbund - Oesterreichische Elektrizitaetswirtschafts AG, Class A

    9,238      366,708

Vienna Insurance Group

    5,431      286,813

Voestalpine AG

    13,836      559,693
         
        4,078,037
         

Belgium (0.5%)

      

Anheuser-Busch InBev N.V.*

    105,112      4,543,840

Belgacom S.A.

    17,266      674,424

Cie Nationale a Portefeuille

    3,916      205,219

Colruyt S.A.

    1,730      425,850

Delhaize Group S.A.

    11,965      961,551

Dexia S.A.*

    62,650      373,674

Fortis*

    267,974      954,071

Groupe Bruxelles Lambert S.A.

    10,393      918,321

KBC Groep N.V.*

    20,261      981,191

Mobistar S.A.

    4,737      291,526

Solvay S.A.

    7,533      774,377

UCB S.A.

    13,156      561,772

Umicore S.A.

    13,000      453,974
         
        12,119,790
         

Bermuda (0.0%)

      

Seadrill Ltd.

    34,889      813,051
         

China (0.0%)

      

Foxconn International Holdings Ltd.*

    274,551      289,606

Yangzijiang Shipbuilding Holdings Ltd.

    117,319      97,280
         
        386,886
         

Cyprus (0.0%)

      

Bank of Cyprus PCL

    73,105      462,100
         

Denmark (0.5%)

      

A. P. Moller - Maersk A/S, Class A

    69      502,496

A. P. Moller - Maersk A/S, Class B

    145      1,104,902

Carlsberg A/S, Class B

    13,003      1,091,329

Coloplast A/S, Class B

    2,261      248,998

Danske Bank A/S*

    57,103      1,404,835

DSV A/S

    26,394      471,681

H. Lundbeck A/S

    6,051      114,064

Novo Nordisk A/S, Class B

    55,191      4,282,665

Novozymes A/S, Class B

    6,072      671,998

Topdanmark A/S*

    1,871      243,728

TrygVesta A/S

    4,262      281,308

 

See Notes to Portfolio of Investments.

100

EQ ADVISORS TRUST

AXA TACTICAL MANAGER INTERNATIONAL PORTFOLIO-II

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Vestas Wind Systems A/S*

    24,847    $ 1,350,135

William Demant Holding A/S*

    3,746      265,057
         
        12,033,196
         

Finland (0.6%)

      

Elisa Oyj*

    18,025      371,755

Fortum Oyj

    56,018      1,370,215

Kesko Oyj, Class B

    8,733      343,713

Kone Oyj, Class B

    19,968      825,275

Metso Oyj

    15,023      485,153

Neste Oil Oyj

    17,969      313,324

Nokia Oyj

    461,271      7,183,371

Nokian Renkaat Oyj

    13,141      341,311

Orion Oyj, Class B

    9,305      205,861

Outokumpu Oyj

    11,196      245,731

Pohjola Bank plc

    17,299      194,396

Rautaruukki Oyj

    13,629      294,528

Sampo Oyj, Class A

    52,069      1,381,222

Sanoma Oyj

    9,995      221,396

Stora Enso Oyj*

    67,588      514,863

UPM-Kymmene Oyj

    62,359      827,512

Wartsila Oyj

    11,095      561,955
         
        15,681,581
         

France (5.2%)

      

Accor S.A.

    18,290      1,011,851

Aeroports de Paris S.A.

    5,722      471,124

Air France-KLM*

    12,235      193,427

Air Liquide S.A.

    30,635      3,677,602

Alcatel-Lucent*

    234,510      741,490

Alstom S.A.

    24,532      1,529,804

Atos Origin S.A.*

    4,435      222,713

AXA S.A.

    203,924      4,536,331

BioMerieux

    1,726      198,224

BNP Paribas S.A.

    115,246      8,850,658

Bouygues S.A.

    26,892      1,351,893

Bureau Veritas S.A.

    7,707      409,092

Cap Gemini S.A.

    17,265      850,443

Carrefour S.A.

    77,695      3,744,739

Casino Guichard Perrachon S.A.

    8,957      757,925

Christian Dior S.A.

    7,438      793,444

Cie de Saint-Gobain S.A.

    45,900      2,207,016

Cie Generale de Geophysique-Veritas*

    19,686      558,500

Cie Generale d’Optique Essilor International S.A.

    24,131      1,540,649

CNP Assurances S.A.

    6,886      650,296

Compagnie Generale des Etablissements Michelin, Class B

    17,597      1,296,749

Credit Agricole S.A.

    110,906      1,941,346

Danone S.A.

    67,043      4,038,603

Dassault Systemes S.A.

    9,080      537,098

EDF S.A.

    29,981      1,635,951

Eiffage S.A.

    3,081      159,359

Eramet S.A.

    1,158      398,599

Eurazeo S.A.

    3,855      267,783

Eutelsat Communications S.A.

    16,106      572,554

Fonciere Des Regions (REIT)

    2,501      275,474

France Telecom S.A.

    226,462      5,418,503

GDF Suez S.A.

    150,719      5,822,062

Gecina S.A. (REIT)

    3,705      410,041

Groupe Eurotunnel S.A.

    59,122      602,492

Hermes International S.A.

    7,152      993,515

ICADE (REIT)

    1,599      177,980

Iliad S.A.

    2,492      256,980

Imerys S.A.

    2,817      173,650

Ipsen S.A.

    2,350      114,757

J.C. Decaux S.A.*

    5,394    $ 150,735

Klepierre S.A. (REIT)

    12,816      503,373

Lafarge S.A.

    24,384      1,715,874

Lagardere S.C.A.

    16,058      649,795

Legrand S.A.

    10,317      325,932

L’Oreal S.A.

    29,312      3,082,497

LVMH Moet Hennessy Louis Vuitton S.A.

    29,954      3,501,181

M6-Metropole Television

    5,590      144,585

Natixis S.A.*

    103,284      557,305

Neopost S.A.

    5,386      430,438

PagesJaunes Groupe S.A.

    11,584      133,022

Pernod-Ricard S.A.

    24,027      2,040,261

Peugeot S.A.*

    17,386      511,916

PPR S.A.

    9,440      1,256,781

Publicis Groupe S.A.

    15,099      646,065

Renault S.A.*

    23,545      1,103,497

Safran S.A.

    44,657      1,164,098

Sanofi-Aventis S.A.

    129,724      9,669,935

Schneider Electric S.A.

    28,686      3,364,594

SCOR SE

    28,097      709,650

Societe BIC S.A.

    2,258      172,891

Societe Des Autoroutes Paris-Rhin-Rhone*

    1,764      126,871

Societe Generale S.A.

    79,440      4,996,221

Societe Television Francaise 1 S.A.

    9,519      176,589

Sodexo S.A.

    11,353      678,526

Suez Environnement Co. S.A.

    38,709      890,891

Technip S.A.

    11,213      911,719

Thales S.A.

    13,138      527,377

Total S.A.

    263,252      15,282,025

Unibail-Rodamco S.A. (REIT)

    10,520      2,131,326

Vallourec S.A.

    6,876      1,386,559

Veolia Environnement

    46,819      1,623,903

Vinci S.A.

    52,823      3,113,156

Vivendi S.A.

    147,114      3,937,231
         
        127,007,536
         

Germany (4.0%)

      

Adidas AG

    24,262      1,297,671

Allianz SE (Registered)

    55,754      6,990,483

BASF SE

    113,311      7,027,758

Bayer AG

    102,031      6,901,433

Bayerische Motoren Werke (BMW) AG

    40,164      1,854,180

Bayerische Motoren Werke (BMW) AG (Preference)

    11,092      392,588

Beiersdorf AG

    8,154      487,720

Celesio AG

    15,855      506,883

Commerzbank AG*

    85,066      728,545

Daimler AG

    110,862      5,219,040

Deutsche Bank AG (Registered)

    73,215      5,639,573

Deutsche Boerse AG

    23,745      1,760,067

Deutsche Lufthansa AG (Registered)

    33,317      552,595

Deutsche Post AG (Registered)

    106,274      1,843,758

Deutsche Postbank AG*

    11,537      370,161

Deutsche Telekom AG (Registered)

    349,392      4,735,580

E.ON AG

    236,050      8,714,970

Fraport AG

    2,813      148,119

Fresenius Medical Care AG & Co. KGaA

    24,389      1,376,110

Fresenius SE

    1,984      147,678

Fresenius SE (Preference)

    9,422      711,374

GEA Group AG

    19,225      445,581

Hannover Rueckversicherung AG (Registered)*

    6,277      309,957

 

See Notes to Portfolio of Investments.

101

EQ ADVISORS TRUST

AXA TACTICAL MANAGER INTERNATIONAL PORTFOLIO-II

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

HeidelbergCement AG

    17,614    $ 982,541

Henkel AG & Co. KGaA

    21,203      982,421

Henkel AG & Co. KGaA (Preference)

    22,983      1,237,334

Hochtief AG

    6,421      539,604

Infineon Technologies AG*

    135,201      938,429

K+S AG

    19,469      1,181,470

Linde AG

    18,866      2,251,024

MAN SE

    12,658      1,059,643

Merck KGaA

    7,891      639,479

Metro AG

    13,152      780,184

Muenchener Rueckversicherungs-Gesellschaft AG (Registered)

    24,716      4,010,927

Porsche Automobil Holding SE (Preference)

    6,014      367,029

Puma AG Rudolf Dassler Sport

    659      208,768

RWE AG

    51,397      4,553,910

RWE AG (Non-Voting)(Preference)

    5,113      420,499

Salzgitter AG

    4,230      392,672

SAP AG

    105,379      5,103,959

Siemens AG (Registered)

    101,749      10,190,233

Solarworld AG

    5,601      84,463

Suedzucker AG

    7,170      158,239

ThyssenKrupp AG

    34,274      1,178,367

TUI AG*

    20,430      229,718

United Internet AG*

    16,006      242,776

Volkswagen AG

    6,758      652,630

Volkswagen AG (Preference)

    15,556      1,426,627

Wacker Chemie AG

    4,380      653,109
         
        98,627,879
         

Greece (0.2%)

      

Alpha Bank AE*

    55,062      521,330

Coca Cola Hellenic Bottling Co. S.A.

    23,546      634,776

EFG Eurobank Ergasias S.A.*

    40,570      372,612

Hellenic Petroleum S.A.

    9,734      111,488

Hellenic Telecommunications Organization S.A.

    32,735      406,322

Marfin Investment Group S.A.*

    79,607      182,786

National Bank of Greece S.A.*

    76,050      1,530,482

OPAP S.A.

    28,815      653,839

Piraeus Bank S.A.*

    34,805      304,151

Public Power Corp. S.A.*

    12,858      225,767

Titan Cement Co. S.A.

    7,328      193,992
         
        5,137,545
         

Hong Kong (1.3%)

      

ASM Pacific Technology Ltd.

    21,277      201,555

Bank of East Asia Ltd.

    147,121      541,927

BOC Hong Kong Holdings Ltd.

    442,423      1,055,308

Cathay Pacific Airways Ltd.*

    194,368      409,551

Cheung Kong Holdings Ltd.

    170,508      2,196,065

Cheung Kong Infrastructure Holdings Ltd.

    63,113      244,266

Chinese Estates Holdings Ltd.

    215,173      359,719

CLP Holdings Ltd.

    258,628      1,848,711

Esprit Holdings Ltd.

    138,600      1,093,377

Genting Singapore plc*

    544,772      344,632

Hang Lung Group Ltd.

    98,000      520,024

Hang Lung Properties Ltd.

    264,111      1,064,710

Hang Seng Bank Ltd.

    97,232      1,354,993

Henderson Land Development Co., Ltd.

    138,496      975,720

Hong Kong & China Gas Co., Ltd.

    504,111      1,256,991

Hong Kong Aircraft Engineering Co., Ltd.

    3,969      50,122

Hong Kong Exchanges and Clearing Ltd.

    124,522    $ 2,078,507

HongKong Electric Holdings Ltd.

    164,665      976,633

Hopewell Holdings Ltd.

    45,362      134,376

Hutchison Whampoa Ltd.

    269,533      1,971,790

Hysan Development Co., Ltd.

    40,907      118,281

Kerry Properties Ltd.

    85,324      457,706

Li & Fung Ltd.

    281,375      1,384,361

Lifestyle International Holdings Ltd.

    58,750      106,086

Link REIT (REIT)

    216,119      532,765

Mongolia Energy Co., Ltd.*

    331,602      153,325

MTR Corp.

    187,016      708,152

New World Development Ltd.

    246,631      482,827

Noble Group Ltd.

    343,673      751,735

NWS Holdings Ltd.

    119,914      239,388

Orient Overseas International Ltd.

    30,705      227,591

PCCW Ltd.

    372,065      110,696

Shangri-La Asia Ltd.

    178,240      349,857

Sino Land Co., Ltd.

    217,735      426,819

Sun Hung Kai Properties Ltd.

    171,708      2,583,056

Swire Pacific Ltd., Class A

    98,312      1,182,644

Television Broadcasts Ltd.

    29,446      142,598

Wharf Holdings Ltd.

    171,326      965,388

Wheelock & Co., Ltd.

    184,774      544,975

Wing Hang Bank Ltd.

    32,351      295,833

Yue Yuen Industrial Holdings Ltd.†

    92,337      321,100
         
        30,764,160
         

Ireland (0.2%)

      

Anglo Irish Bank Corp., Ltd.(b)*†

    52,563      —  

CRH plc

    89,716      2,240,110

Elan Corp. plc*

    67,811      511,066

Experian plc

    105,134      1,034,622

Kerry Group plc, Class A

    18,678      579,858

Shire plc

    71,340      1,574,078
         
        5,939,734
         

Italy (1.6%)

      

A2A S.p.A.

    175,360      328,985

Assicurazioni Generali S.p.A.

    144,517      3,468,560

Atlantia S.p.A.

    32,708      763,380

Autogrill S.p.A.*

    9,425      114,696

Banca Carige S.p.A.

    106,932      292,105

Banca Monte dei Paschi di Siena S.p.A.

    164,423      243,397

Banca Popolare Societa Cooperativa

    30,624      190,163

Banco Popolare S.c.a.r.l.*

    76,150      529,688

Enel S.p.A.

    812,476      4,543,115

ENI S.p.A.

    320,656      7,522,843

Exor S.p.A.

    8,337      144,808

Fiat S.p.A.*

    92,744      1,207,551

Finmeccanica S.p.A.

    49,133      655,651

Fondiaria-Sai S.p.A.

    6,462      97,229

Intesa Sanpaolo S.p.A.*

    1,142,253      4,109,936

Italcementi S.p.A.

    7,431      85,914

Luxottica Group S.p.A.

    15,857      424,062

Mediaset S.p.A.

    76,410      656,372

Mediobanca S.p.A.*

    62,050      666,691

Mediolanum S.p.A.

    50,862      297,629

Parmalat S.p.A.

    210,750      577,127

Pirelli & C S.p.A.*

    271,880      167,083

Prysmian S.p.A.

    12,961      254,709

Saipem S.p.A.

    31,711      1,227,093

Snam Rete Gas S.p.A.

    173,337      878,526

Telecom Italia S.p.A.

    1,226,415      1,765,784

Telecom Italia S.p.A. (RNC)

    779,319      878,910

Terna Rete Elettrica Nazionale S.p.A .

    128,359      555,211

 

See Notes to Portfolio of Investments.

102

EQ ADVISORS TRUST

AXA TACTICAL MANAGER INTERNATIONAL PORTFOLIO-II

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

UniCredit S.p.A.*

    2,029,198    $ 5,995,361

Unione di Banche Italiane S.c.p.A

    74,061      999,305

Unipol Gruppo Finanziario S.p.A.*

    70,737      79,872
         
        39,721,756
         

Japan (11.5%)

      

77 Bank Ltd.

    29,541      168,733

ABC-Mart, Inc.

    4,660      149,036

Acom Co., Ltd.

    14,964      244,892

Advantest Corp.

    20,002      500,210

Aeon Co., Ltd.

    82,048      931,147

Aeon Credit Service Co., Ltd.

    6,862      81,472

Aeon Mall Co., Ltd.

    13,938      293,847

Air Water, Inc.

    6,000      68,670

Aisin Seiki Co., Ltd.

    24,862      744,610

Ajinomoto Co., Inc.

    85,832      850,149

Alfresa Holdings Corp.

    4,534      195,444

All Nippon Airways Co., Ltd.*

    124,698      356,128

Amada Co., Ltd.

    38,852      325,810

Aozora Bank Ltd.

    66,082      93,302

Asahi Breweries Ltd.

    45,613      855,274

Asahi Glass Co., Ltd.

    128,248      1,444,488

Asahi Kasei Corp.

    162,922      876,562

Asics Corp.

    11,052      108,049

Astellas Pharma, Inc.

    54,870      1,986,683

Bank of Kyoto Ltd.

    36,918      339,998

Bank of Yokohama Ltd.

    143,300      702,015

Benesse Holdings, Inc.

    8,226      356,351

Bridgestone Corp.

    73,436      1,253,651

Brother Industries Ltd.

    29,985      362,424

Canon Marketing Japan, Inc.

    9,038      123,065

Canon, Inc.

    132,670      6,144,626

Casio Computer Co., Ltd.

    34,873      268,196

Central Japan Railway Co.

    192      1,462,231

Chiba Bank Ltd.

    88,328      528,135

Chiyoda Corp.

    7,000      69,483

Chubu Electric Power Co., Inc.

    80,646      2,015,934

Chugai Pharmaceutical Co., Ltd.

    29,653      557,599

Chugoku Bank Ltd.

    30,489      411,564

Chugoku Electric Power Co., Inc.

    36,438      724,161

Chuo Mitsui Trust Holdings, Inc.

    124,129      466,031

Citizen Holdings Co., Ltd.

    21,811      149,077

Coca-Cola West Co., Ltd.

    6,452      105,520

Cosmo Oil Co., Ltd.

    28,778      69,567

Credit Saison Co., Ltd.

    17,784      275,824

Dai Nippon Printing Co., Ltd.

    71,838      970,493

Daicel Chemical Industries Ltd.

    40,045      275,419

Daido Steel Co., Ltd.

    27,481      115,521

Daihatsu Motor Co., Ltd.

    23,800      227,333

Daiichi Sankyo Co., Ltd.

    81,213      1,521,061

Daikin Industries Ltd.

    29,777      1,218,280

Dainippon Sumitomo Pharma Co., Ltd.

    29,608      271,409

Daito Trust Construction Co., Ltd.

    10,362      499,868

Daiwa House Industry Co., Ltd.

    65,342      737,360

Daiwa Securities Group, Inc.

    196,524      1,034,226

DeNA Co., Ltd.

    16      118,430

Denki Kagaku Kogyo KK

    56,282      242,008

Denso Corp.

    61,388      1,828,704

Dentsu, Inc.

    18,322      481,518

Dowa Holdings Co., Ltd.

    20,608      124,102

East Japan Railway Co.

    41,432      2,880,608

Eisai Co., Ltd.

    32,246      1,150,288

Electric Power Development Co., Ltd.

    18,697      615,967

Elpida Memory, Inc.*

    31,861      627,405

FamilyMart Co., Ltd.

    8,696      276,721

Fanuc Ltd.

    23,356      2,478,249

Fast Retailing Co., Ltd.

    5,884    $ 1,022,730

Fuji Electric Holdings Co., Ltd.

    61,712      168,323

Fuji Heavy Industries Ltd.*

    109,520      566,988

Fuji Media Holdings, Inc.

    159      235,549

Fujifilm Holdings Corp.

    57,732      1,988,416

Fujitsu Ltd.

    225,258      1,474,574

Fukuoka Financial Group, Inc.

    88,017      373,759

Furukawa Electric Co., Ltd.

    111,712      580,726

GS Yuasa Corp.

    32,037      216,230

Gunma Bank Ltd.

    40,726      225,215

Hachijuni Bank Ltd.

    27,684      157,534

Hakuhodo DY Holdings, Inc.

    1,654      87,043

Hankyu Hanshin Holdings, Inc.

    144,552      669,494

Hino Motors Ltd.

    34,170      144,370

Hirose Electric Co., Ltd.

    2,934      338,309

Hiroshima Bank Ltd.

    52,720      222,745

Hisamitsu Pharmaceutical Co., Inc.

    6,733      250,264

Hitachi Chemical Co., Ltd.

    13,612      294,109

Hitachi Construction Machinery Co., Ltd.

    16,787      396,647

Hitachi High-Technologies Corp.

    12,282      281,794

Hitachi Ltd.*

    556,589      2,077,758

Hitachi Metals Ltd.

    22,614      237,775

Hokkaido Electric Power Co., Inc.

    21,832      418,939

Hokuhoku Financial Group, Inc.

    143,048      313,668

Hokuriku Electric Power Co.

    23,662      520,367

Honda Motor Co., Ltd.

    203,196      7,172,391

HOYA Corp.

    52,598      1,445,334

Ibiden Co., Ltd.

    16,766      577,458

Idemitsu Kosan Co., Ltd.

    3,910      296,104

IHI Corp.

    171,166      313,075

INPEX Corp.

    106      777,794

Isetan Mitsukoshi Holdings Ltd.

    46,132      495,910

Isuzu Motors Ltd.

    213,862      578,747

Ito En Ltd.

    7,289      112,816

ITOCHU Corp.

    181,968      1,594,093

ITOCHU Techno-Solutions Corp.

    2,666      87,545

Iyo Bank Ltd.

    47,422      450,938

J. Front Retailing Co., Ltd.

    52,332      307,868

Jafco Co., Ltd.

    1,584      41,595

Japan Petroleum Exploration Co.

    3,490      176,945

Japan Prime Realty Investment Corp. (REIT)

    48      106,844

Japan Real Estate Investment Corp. (REIT)

    63      537,073

Japan Retail Fund Investment Corp. (REIT)

    124      145,898

Japan Steel Works Ltd.

    43,978      503,802

Japan Tobacco, Inc.

    564      2,099,390

JFE Holdings, Inc.

    59,924      2,413,241

JGC Corp.

    22,674      404,538

Joyo Bank Ltd.

    75,520      336,847

JS Group Corp.

    30,077      612,221

JSR Corp.

    20,482      427,868

JTEKT Corp.

    24,418      288,346

Jupiter Telecommunications Co., Ltd.

    198      228,730

Kajima Corp.

    166,261      407,250

Kamigumi Co., Ltd.

    45,296      364,345

Kaneka Corp.

    39,356      255,105

Kansai Electric Power Co., Inc.

    92,677      2,123,373

Kansai Paint Co., Ltd.

    26,548      216,382

Kao Corp.

    65,733      1,666,352

Kawasaki Heavy Industries Ltd.

    129,160      356,437

Kawasaki Kisen Kaisha Ltd.*

    59,838      238,738

KDDI Corp.

    353      1,827,490

 

See Notes to Portfolio of Investments.

103

EQ ADVISORS TRUST

AXA TACTICAL MANAGER INTERNATIONAL PORTFOLIO-II

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Keihin Electric Express Railway Co., Ltd.

    48,534    $ 398,696

Keio Corp.

    77,653      524,110

Keisei Electric Railway Co., Ltd.

    12,784      77,806

Keyence Corp.

    5,221      1,247,589

Kikkoman Corp.

    10,883      127,351

Kinden Corp.

    11,304      99,026

Kintetsu Corp.

    190,020      591,462

Kirin Holdings Co., Ltd.

    102,009      1,504,657

Kobe Steel Ltd.

    323,905      696,384

Koito Manufacturing Co., Ltd.

    4,000      59,386

Komatsu Ltd.

    115,428      2,419,926

Konami Corp.

    17,312      333,870

Konica Minolta Holdings, Inc.

    61,564      718,433

Kubota Corp.

    131,492      1,198,323

Kuraray Co., Ltd.

    32,508      437,427

Kurita Water Industries Ltd.

    13,786      390,031

Kyocera Corp.

    19,796      1,928,993

Kyowa Hakko Kirin Co., Ltd.

    29,733      306,903

Kyushu Electric Power Co., Inc.

    48,012      1,045,079

Lawson, Inc.

    5,820      248,388

Mabuchi Motor Co., Ltd.

    5,748      330,776

Makita Corp.

    12,954      426,766

Marubeni Corp.

    198,332      1,232,548

Marui Group Co., Ltd.

    23,714      171,977

Maruichi Steel Tube Ltd.

    1,238      25,107

Matsui Securities Co., Ltd.

    10,036      71,709

Mazda Motor Corp.

    174,621      491,232

McDonald’s Holdings Co. Japan Ltd.

    15,165      307,874

Medipal Holdings Corp.

    17,878      211,690

MEIJI Holdings Co. Ltd.

    12,282      476,882

Minebea Co., Ltd.

    32,289      196,518

Mitsubishi Chemical Holdings Corp.

    155,641      795,768

Mitsubishi Corp.

    163,716      4,290,343

Mitsubishi Electric Corp.

    243,629      2,238,499

Mitsubishi Estate Co., Ltd.

    146,989      2,405,532

Mitsubishi Gas Chemical Co., Inc.

    74,289      447,371

Mitsubishi Heavy Industries Ltd.

    382,744      1,584,361

Mitsubishi Logistics Corp.

    24,992      310,629

Mitsubishi Materials Corp.*

    119,181      342,921

Mitsubishi Motors Corp.*

    462,782      628,659

Mitsubishi Rayon Co., Ltd.*

    44,413      187,647

Mitsubishi Tanabe Pharma Corp.

    26,110      368,651

Mitsubishi UFJ Financial Group, Inc.

    1,549,514      8,121,316

Mitsubishi UFJ Lease & Finance Co., Ltd.

    11,070      402,589

Mitsui & Co., Ltd.

    211,946      3,561,527

Mitsui Chemicals, Inc.

    120,712      365,403

Mitsui Engineering & Shipbuilding Co., Ltd.

    81,142      202,226

Mitsui Fudosan Co., Ltd.

    101,573      1,724,210

Mitsui Mining & Smelting Co., Ltd.

    25,879      77,507

Mitsui O.S.K. Lines Ltd.

    137,425      986,332

Mitsui Sumitomo Insurance Group Holdings, Inc.

    66,207      1,837,699

Mitsumi Electric Co., Ltd.

    8,800      192,585

Mizuho Financial Group, Inc.

    1,683,244      3,330,839

Mizuho Securities Co., Ltd.

    70,778      224,091

Mizuho Trust & Banking Co., Ltd.

    212,412      213,571

Murata Manufacturing Co., Ltd.

    27,129      1,540,860

Namco Bandai Holdings, Inc.

    23,781      231,731

NEC Corp.

    329,258      989,641

NGK Insulators Ltd.

    29,733      606,491

NGK Spark Plug Co., Ltd.

    11,539      156,750

NHK Spring Co., Ltd.

    14,925      136,973

Nidec Corp.

    13,754    $ 1,474,116

Nikon Corp.

    38,541      841,397

Nintendo Co., Ltd.

    12,161      4,071,444

Nippon Building Fund, Inc. (REIT)

    67      576,907

Nippon Electric Glass Co., Ltd.

    41,978      591,347

Nippon Express Co., Ltd.

    97,573      419,557

Nippon Meat Packers, Inc.

    17,925      226,819

Nippon Mining Holdings, Inc.†

    114,728      536,273

Nippon Oil Corp.†

    148,545      748,366

Nippon Paper Group, Inc.

    16,293      419,132

Nippon Sheet Glass Co., Ltd.

    55,586      164,100

Nippon Steel Corp.

    641,433      2,517,980

Nippon Telegraph & Telephone Corp.

    66,069      2,784,382

Nippon Yusen KK

    154,558      610,032

Nipponkoa Insurance Co., Ltd.†

    87,024      546,402

Nishi-Nippon City Bank Ltd.

    71,520      211,140

Nissan Chemical Industries Ltd.

    18,304      256,088

Nissan Motor Co., Ltd.*

    302,752      2,593,907

Nissha Printing Co., Ltd.

    1,200      46,850

Nisshin Seifun Group, Inc.

    16,862      217,696

Nisshin Steel Co., Ltd.

    58,328      121,660

Nisshinbo Holdings, Inc.

    12,866      133,215

Nissin Food Holdings Co., Ltd.

    8,594      289,102

Nitori Co., Ltd.

    3,075      233,528

Nitto Denko Corp.

    19,689      764,478

NOK Corp.

    9,736      146,524

Nomura Holdings, Inc.

    445,392      3,282,438

Nomura Real Estate Holdings, Inc.

    14,325      220,950

Nomura Real Estate Office Fund, Inc. (REIT)

    33      185,314

Nomura Research Institute Ltd.

    13,012      296,455

NSK Ltd.

    51,030      402,825

NTN Corp.

    24,340      109,867

NTT Data Corp.

    142      473,131

NTT DoCoMo, Inc.

    1,961      2,986,912

NTT Urban Development Corp.

    367      310,119

Obayashi Corp.

    114,334      507,526

Obic Co., Ltd.

    312      56,667

Odakyu Electric Railway Co., Ltd.

    82,897      689,848

OJI Paper Co., Ltd.

    114,388      501,648

Olympus Corp.

    26,048      835,854

Omron Corp.

    26,656      618,713

Ono Pharmaceutical Co., Ltd.

    9,825      437,180

Oracle Corp. Japan

    5,460      253,173

Oriental Land Co., Ltd.

    5,014      349,677

ORIX Corp.

    12,599      1,117,186

Osaka Gas Co., Ltd.

    228,132      817,459

Otsuka Corp.

    861      54,705

Panasonic Corp.

    245,314      3,752,262

Panasonic Electric Works Co., Ltd.

    49,474      624,445

Rakuten, Inc.

    848      613,165

Resona Holdings, Inc.

    62,567      791,039

Ricoh Co., Ltd.

    85,520      1,335,535

Rinnai Corp.

    4,316      226,672

Rohm Co., Ltd.

    11,574      864,119

Sankyo Co., Ltd.

    5,602      277,134

Santen Pharmaceutical Co., Ltd.

    6,769      203,164

Sanyo Electric Co., Ltd.*

    202,517      324,928

Sapporo Hokuyo Holdings, Inc.

    12,663      57,836

Sapporo Holdings Ltd.

    18,296      95,502

SBI Holdings, Inc.

    1,438      283,785

Secom Co., Ltd.

    25,073      1,096,893

Sega Sammy Holdings, Inc.

    35,725      432,567

Seiko Epson Corp.

    20,578      319,598

Sekisui Chemical Co., Ltd.

    72,786      493,596

 

See Notes to Portfolio of Investments.

104

EQ ADVISORS TRUST

AXA TACTICAL MANAGER INTERNATIONAL PORTFOLIO-II

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Sekisui House Ltd.

    61,030    $ 609,712

Senshu Ikeda Holdings, Inc.

    96,251      175,021

Seven & I Holdings Co., Ltd.

    96,988      2,343,522

Seven Bank Ltd.

    64      128,698

Sharp Corp.

    121,062      1,513,761

Shikoku Electric Power Co., Inc.

    23,457      664,644

Shimadzu Corp.

    44,860      359,398

Shimamura Co., Ltd.

    4,654      412,184

Shimano, Inc.

    7,664      338,974

Shimizu Corp.

    113,090      471,763

Shin-Etsu Chemical Co., Ltd.

    50,136      2,911,953

Shinko Electric Industries Co., Ltd.

    8,048      124,478

Shinsei Bank Ltd.

    158,420      191,480

Shionogi & Co., Ltd.

    38,793      737,768

Shiseido Co., Ltd.

    40,978      889,778

Shizuoka Bank Ltd.

    78,276      682,372

Showa Denko KK

    201,618      455,037

Showa Shell Sekiyu KK

    28,425      192,155

SMC Corp.

    6,452      875,772

Softbank Corp.

    92,428      2,276,839

Sojitz Corp.

    230,058      445,401

Sompo Japan Insurance, Inc.†

    115,194      808,292

Sony Corp.

    123,136      4,715,230

Sony Financial Holdings, Inc.

    126      413,755

Square Enix Holdings Co., Ltd.

    10,876      237,785

Stanley Electric Co., Ltd.

    15,816      306,711

Sumco Corp.*

    14,948      317,859

Sumitomo Chemical Co., Ltd.

    200,842      981,761

Sumitomo Corp.

    135,772      1,561,182

Sumitomo Electric Industries Ltd.

    95,940      1,176,032

Sumitomo Heavy Industries Ltd.

    62,216      374,667

Sumitomo Metal Industries Ltd.

    428,080      1,295,825

Sumitomo Metal Mining Co., Ltd.

    63,216      940,565

Sumitomo Mitsui Financial Group, Inc.

    162,612      5,374,597

Sumitomo Realty & Development Co., Ltd.

    46,474      884,343

Sumitomo Rubber Industries Ltd.

    15,864      139,822

Sumitomo Trust & Banking Co., Ltd.

    170,908      1,001,793

Suruga Bank Ltd.

    19,110      170,884

Suzuken Co., Ltd.

    11,794      415,673

Suzuki Motor Corp.

    41,964      926,000

Sysmex Corp.

    1,600      93,785

T&D Holdings, Inc.

    33,548      794,114

Taiheiyo Cement Corp.*

    52,446      75,171

Taisei Corp.

    75,613      166,609

Taisho Pharmaceutical Co., Ltd.

    21,429      389,660

Taiyo Nippon Sanso Corp.

    31,608      309,014

Takashimaya Co., Ltd.

    28,045      230,384

Takeda Pharmaceutical Co., Ltd.

    91,777      4,039,602

TDK Corp.

    13,929      926,713

Teijin Ltd.

    102,750      345,101

Terumo Corp.

    21,450      1,142,593

THK Co., Ltd.

    17,092      372,956

Tobu Railway Co., Ltd.

    94,009      521,881

Toho Co., Ltd.

    19,354      311,767

Toho Gas Co., Ltd.

    60,408      329,533

Tohoku Electric Power Co., Inc.

    54,541      1,152,776

Tokio Marine Holdings, Inc.

    88,385      2,489,226

Tokuyama Corp.

    58,548      324,397

Tokyo Electric Power Co., Inc.

    149,142      3,975,418

Tokyo Electron Ltd.

    20,864      1,383,643

Tokyo Gas Co., Ltd.

    277,289      1,221,982

Tokyo Steel Manufacturing Co., Ltd.

    12,424      155,616

Tokyo Tatemono Co., Ltd.

    27,152      97,583

Tokyu Corp.

    148,989      623,112

Tokyu Land Corp.

    23,306    $ 88,996

TonenGeneral Sekiyu KK

    34,170      288,374

Toppan Printing Co., Ltd.

    74,090      668,863

Toray Industries, Inc.

    170,226      994,153

Toshiba Corp.*

    485,317      2,507,307

Tosoh Corp.

    36,905      93,950

TOTO Ltd.

    57,733      393,367

Toyo Seikan Kaisha Ltd.

    22,396      396,703

Toyo Suisan Kaisha Ltd.

    13,244      342,539

Toyoda Gosei Co., Ltd.

    14,058      394,117

Toyota Boshoku Corp.

    8,108      155,760

Toyota Industries Corp.

    23,582      673,483

Toyota Motor Corp.

    362,364      14,515,490

Toyota Tsusho Corp.

    22,686      355,735

Trend Micro, Inc.

    12,118      422,555

Tsumura & Co.

    10,996      319,330

Ube Industries Ltd.

    120,877      310,306

Unicharm Corp.

    4,802      463,815

UNY Co., Ltd.

    15,789      130,548

Ushio, Inc.

    12,436      210,969

USS Co., Ltd.

    2,199      149,360

West Japan Railway Co.

    199      685,399

Yahoo! Japan Corp.

    1,879      684,351

Yakult Honsha Co., Ltd.

    13,393      361,292

Yamada Denki Co., Ltd.

    11,188      825,727

Yamaguchi Financial Group, Inc.

    26,237      287,094

Yamaha Corp.

    23,021      297,212

Yamaha Motor Co., Ltd.*

    20,668      309,722

Yamato Holdings Co., Ltd.

    45,164      634,779

Yamato Kogyo Co., Ltd.

    5,946      197,479

Yamazaki Baking Co., Ltd.

    19,429      240,447

Yaskawa Electric Corp.

    13,145      120,216

Yokogawa Electric Corp.

    29,697      258,566
         
        281,343,233
         

Luxembourg (0.3%)

      

ArcelorMittal S.A.

    106,384      4,668,408

Millicom International Cellular S.A. (SDR)

    8,386      750,264

SES S.A. (FDR)

    48,233      1,217,903

Tenaris S.A.

    59,754      1,289,694
         
        7,926,269
         

Macau (0.0%)

      

Sands China Ltd.*

    169,629      269,597
         

Mexico (0.0%)

      

Fresnillo plc

    40,056      515,457
         

Netherlands (2.3%)

      

Aegon N.V.*

    187,583      1,284,530

Akzo Nobel N.V.

    28,445      1,621,100

ASML Holding N.V.

    52,574      1,878,900

Corio N.V. (REIT)

    7,145      477,067

European Aeronautic Defence and Space Co. N.V.

    40,972      824,272

Fugro N.V. (CVA)

    9,790      639,854

Heineken Holding N.V.

    14,799      658,314

Heineken N.V.

    26,361      1,354,751

ING Groep N.V. (CVA)*

    469,010      4,682,598

James Hardie Industries SE (CDI)*

    77,451      515,989

Koninklijke (Royal) KPN N.V.

    213,238      3,378,356

Koninklijke Ahold N.V.

    143,758      1,916,426

Koninklijke Boskalis Westminster N.V.

    7,645      292,992

Koninklijke DSM N.V.

    18,836      839,930

Koninklijke Philips Electronics N.V.

    118,908      3,812,717

 

See Notes to Portfolio of Investments.

105

EQ ADVISORS TRUST

AXA TACTICAL MANAGER INTERNATIONAL PORTFOLIO-II

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Koninklijke Vopak N.V.*

    2,199    $ 173,185

QIAGEN N.V.*

    30,633      705,435

Randstad Holding N.V.*

    13,272      630,720

Reed Elsevier N.V.

    87,405      1,062,246

Royal Dutch Shell plc, Class A

    440,057      12,754,722

Royal Dutch Shell plc, Class B

    334,930      9,227,393

SBM Offshore N.V.

    15,105      302,249

TNT N.V.

    47,269      1,355,406

Unilever N.V. (CVA)

    201,745      6,102,344

Wolters Kluwer N.V.

    35,393      767,486
         
        57,258,982
         

New Zealand (0.1%)

      

Auckland International Airport Ltd.

    91,049      125,473

Contact Energy Ltd.*

    31,513      143,266

Fletcher Building Ltd.

    82,099      486,964

Sky City Entertainment Group Ltd.

    64,100      146,617

Telecom Corp. of New Zealand Ltd.

    249,622      384,782
         
        1,287,102
         

Norway (0.4%)

      

DnB NOR ASA*

    106,218      1,213,522

Norsk Hydro ASA*

    80,986      617,288

Orkla ASA

    86,388      763,846

Renewable Energy Corp. ASA*

    59,743      279,455

Statoil ASA

    141,777      3,282,493

Telenor ASA*

    106,249      1,440,919

Yara International ASA

    23,584      1,023,804
         
        8,621,327
         

Portugal (0.1%)

      

Banco Comercial Portugues S.A. (Registered)

    260,959      290,431

Banco Espirito Santo S.A. (Registered)*

    69,461      375,270

Brisa Auto-Estradas de Portugal S.A.

    23,290      197,548

Cimpor Cimentos de Portugal SGPS S.A.

    29,603      223,706

EDP - Energias de Portugal S.A.

    224,623      892,868

Galp Energia SGPS S.A., Class B

    20,549      356,923

Jeronimo Martins SGPS S.A.

    23,885      241,952

Portugal Telecom SGPS S.A. (Registered)

    72,358      809,012
         
        3,387,710
         

Singapore (0.7%)

      

Ascendas Real Estate Investment Trust (REIT)

    294,256      403,854

CapitaLand Ltd.

    305,507      866,981

CapitaMall Trust (REIT)

    229,182      289,969

CapitaMalls Asia Ltd.*

    139,976      226,131

City Developments Ltd.

    55,569      421,052

ComfortDelgro Corp., Ltd.

    193,450      215,720

Cosco Corp. (Singapore) Ltd.

    251,874      223,256

DBS Group Holdings Ltd.

    215,770      2,205,591

Fraser and Neave Ltd.

    130,313      447,123

Golden Agri-Resources Ltd.*

    781,095      323,839

Jardine Cycle & Carriage Ltd.

    17,094      358,999

Keppel Corp., Ltd.

    159,751      1,041,445

Neptune Orient Lines Ltd.

    155,724      223,743

Olam International Ltd.

    144,504      267,533

Oversea-Chinese Banking Corp., Ltd.

    319,631      1,990,054

SembCorp Industries Ltd.

    101,109      298,495

SembCorp Marine Ltd.

    100,768      301,811

Singapore Airlines Ltd.

    70,548      766,525

Singapore Exchange Ltd.

    101,062      552,646

Singapore Press Holdings Ltd.

    182,517      498,384

Singapore Technologies Engineering Ltd.

    159,179    $ 362,973

Singapore Telecommunications Ltd.

    1,003,645      2,274,245

StarHub Ltd.

    68,152      111,561

United Overseas Bank Ltd.

    149,135      2,048,947

UOL Group Ltd.

    67,059      186,947

Wilmar International Ltd.

    163,874      784,843
         
        17,692,667
         

Spain (2.0%)

      

Abertis Infraestructuras S.A.

    36,514      702,776

Acciona S.A.

    2,952      327,382

Acerinox S.A.

    18,165      357,591

ACS Actividades de Construccion y Servicios S.A.

    18,396      848,758

Banco Bilbao Vizcaya Argentaria S.A.

    440,881      6,032,171

Banco de Sabadell S.A.

    91,380      504,551

Banco de Valencia S.A.

    45,539      290,314

Banco Popular Espanol S.A.

    104,547      769,575

Banco Santander S.A.

    1,021,417      13,575,022

Bankinter S.A.

    21,864      181,909

Criteria Caixacorp S.A.

    110,797      549,058

EDP Renovaveis S.A.*

    28,754      224,670

Enagas S.A.

    20,488      448,980

Ferrovial S.A.

    58,058      564,596

Fomento de Construcciones y Contratas S.A.

    2,321      84,970

Gamesa Corp. Tecnologica S.A.

    23,599      323,521

Gas Natural SDG S.A.

    25,401      468,988

Gestevision Telecinco S.A.

    10,045      157,652

Grifols S.A.

    13,717      204,907

Iberdrola Renovables S.A.

    142,053      589,982

Iberdrola S.A.

    451,196      3,824,034

Iberia Lineas Aereas de Espana S.A.*

    40,296      140,854

Inditex S.A.

    27,243      1,795,817

Indra Sistemas S.A.

    10,533      215,957

Mapfre S.A.

    100,139      367,346

Red Electrica Corporacion S.A.

    12,619      677,238

Repsol YPF S.A.

    90,029      2,131,607

Sacyr Vallehermoso S.A.*

    7,238      63,857

Telefonica S.A.

    524,128      12,416,803

Zardoya Otis S.A.

    17,759      307,743
         
        49,148,629
         

Sweden (1.4%)

      

Alfa Laval AB

    54,589      803,647

Assa Abloy AB, Class B

    38,693      757,184

Atlas Copco AB, Class A

    85,726      1,329,711

Atlas Copco AB, Class B

    45,870      642,889

Electrolux AB, Class B

    28,246      645,457

Getinge AB, Class B

    25,219      604,577

Hennes & Mauritz AB, Class B

    64,058      4,161,650

Holmen AB, Class B

    8,389      225,973

Husqvarna AB, Class B*

    74,641      542,704

Investor AB, Class B

    58,404      1,120,261

Kinnevik Investment AB, Class B

    28,351      522,212

Lundin Petroleum AB*

    38,866      329,149

Nordea Bank AB

    403,049      3,977,127

Ratos AB, Class B*

    13,374      443,602

Sandvik AB

    121,604      1,519,924

Scania AB, Class B

    42,947      679,244

Securitas AB, Class B

    39,848      424,936

Skandinaviska Enskilda Banken AB, Class A*

    183,637      1,173,195

Skanska AB, Class B

    41,537      754,737

SKF AB, Class B

    45,822      814,193

 

See Notes to Portfolio of Investments.

106

EQ ADVISORS TRUST

AXA TACTICAL MANAGER INTERNATIONAL PORTFOLIO-II

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

SSAB AB, Class A

    16,479    $ 296,232

SSAB AB, Class B

    8,303      134,769

Svenska Cellulosa AB, Class B

    47,585      670,879

Svenska Handelsbanken AB, Class A

    61,898      1,813,924

Swedbank AB, Class A*

    74,569      765,250

Swedish Match AB

    29,229      698,685

Tele2 AB, Class B

    43,136      719,869

Telefonaktiebolaget LM Ericsson, Class B

    368,444      3,883,138

TeliaSonera AB*

    283,234      2,010,324

Volvo AB, Class A*

    54,781      542,454

Volvo AB, Class B

    130,780      1,315,842
         
        34,323,738
         

Switzerland (4.3%)

      

ABB Ltd. (Registered)*

    275,118      6,009,074

Actelion Ltd. (Registered)*

    12,693      577,469

Adecco S.A. (Registered)

    12,928      733,821

Aryzta AG

    12,821      561,770

Baloise Holding AG (Registered)

    3,891      345,038

BKW FMB Energie AG

    1,430      106,260

Cie Financiere Richemont S.A., Class A

    63,392      2,454,757

Credit Suisse Group AG (Registered)

    139,264      7,178,489

GAM Holding Ltd.

    19,072      234,240

Geberit AG (Registered)

    4,945      884,979

Givaudan S.A. (Registered)

    892      782,530

Holcim Ltd. (Registered)*

    29,827      2,223,447

Julius Baer Group Ltd.

    21,394      776,101

Kuehne & Nagel International AG (Registered)

    7,077      716,157

Lindt & Spruengli AG

    67      158,540

Lindt & Spruengli AG (Registered)

    10      270,770

Logitech International S.A. (Registered)*

    20,670      340,122

Lonza Group AG (Registered)

    4,170      340,118

Nestle S.A. (Registered)

    432,093      22,129,194

Nobel Biocare Holding AG (Registered)

    9,574      256,057

Novartis AG (Registered)

    262,112      14,157,130

Pargesa Holding S.A.

    5,034      427,298

Roche Holding AG

    87,172      14,137,341

Schindler Holding AG

    9,136      798,730

SGS S.A. (Registered)

    673      928,056

Sonova Holding AG

    8,242      1,023,996

STMicroelectronics N.V.

    80,583      802,146

Straumann Holding AG (Registered)

    581      144,644

Swatch Group AG

    2,944      938,707

Swatch Group AG (Registered)

    9,763      580,558

Swiss Life Holding AG (Registered)*

    5,127      673,454

Swiss Reinsurance Co., Ltd.*

    42,811      2,107,256

Swisscom AG (Registered)

    2,962      1,080,973

Syngenta AG (Registered)

    11,698      3,248,458

UBS AG (Registered)*

    442,212      7,188,461

Xstrata plc*

    238,102      4,511,077

Zurich Financial Services AG

    18,033      4,622,837
         
        104,450,055
         

United Kingdom (9.7%)

      

3i Group plc

    137,553      607,841

Admiral Group plc

    31,112      623,204

AMEC plc

    27,212      329,941

Anglo American plc*

    163,938      7,149,820

Antofagasta plc

    46,388      732,095

Associated British Foods plc

    26,349      391,249

AstraZeneca plc

    180,935      8,069,579

Autonomy Corp. plc*

    29,780    $ 823,835

Aviva plc

    334,405      1,955,242

BAE Systems plc

    425,971      2,400,124

Balfour Beatty plc

    39,814      176,541

Barclays plc

    1,374,992      7,517,841

BG Group plc

    414,428      7,172,542

BHP Billiton plc

    273,469      9,378,756

BP plc

    2,322,870      21,974,571

British Airways plc*

    83,028      306,168

British American Tobacco plc

    247,094      8,517,333

British Land Co. plc (REIT)

    140,189      1,023,477

British Sky Broadcasting Group plc

    121,419      1,109,205

BT Group plc, Class A

    944,518      1,775,866

Bunzl plc

    33,735      369,100

Burberry Group plc

    65,577      711,021

Cable & Wireless Communications plc

    177,974      149,487

Cable & Wireless Worldwide plc*

    325,460      454,375

Cairn Energy plc*

    168,265      1,064,777

Capita Group plc

    101,281      1,162,694

Carnival plc

    24,266      996,080

Carphone Warehouse Group plc*

    12,614      30,530

Centrica plc

    624,653      2,785,910

Cobham plc

    165,236      644,416

Compass Group plc

    224,185      1,789,456

Diageo plc

    321,198      5,390,843

Drax Group plc

    27,488      155,840

Eurasian Natural Resources Corp.

    41,399      748,850

Firstgroup plc

    44,963      244,951

G4S plc

    178,128      706,859

GlaxoSmithKline plc

    647,179      12,428,401

Hammerson plc (REIT)

    121,735      726,739

Home Retail Group plc

    115,590      475,355

HSBC Holdings plc

    2,140,010      21,693,067

ICAP plc

    120,284      682,301

Imperial Tobacco Group plc

    125,471      3,827,085

Inmarsat plc

    24,681      283,148

Intercontinental Hotels Group plc

    30,544      478,337

International Power plc

    155,984      754,855

Invensys plc

    127,113      657,190

Investec plc

    44,254      361,968

J Sainsbury plc

    155,881      774,936

Johnson Matthey plc

    22,594      598,640

Kazakhmys plc*

    34,101      790,196

Kingfisher plc

    222,870      725,112

Land Securities Group plc (REIT)

    71,849      739,229

Legal & General Group plc

    347,708      464,593

Liberty International plc (REIT)

    56,721      433,383

Lloyds Banking Group plc*

    4,764,490      4,538,342

London Stock Exchange Group plc

    16,488      177,771

Lonmin plc*

    15,841      489,909

Man Group plc

    173,775      636,844

Marks & Spencer Group plc

    150,155      843,311

National Grid plc

    306,572      2,984,406

Next plc

    35,414      1,162,950

Old Mutual plc*

    498,638      926,937

Pearson plc

    119,908      1,885,110

Petrofac Ltd.

    39,387      718,433

Prudential plc

    314,896      2,616,254

Randgold Resources Ltd.

    9,596      730,281

Reckitt Benckiser Group plc

    74,283      4,077,243

Reed Elsevier plc

    149,489      1,192,094

Resolution Ltd.*

    272,146      338,438

Rexam plc

    47,754      212,255

Rio Tinto plc

    169,859      10,065,568

Rolls-Royce Group plc*

    224,387      2,027,721

 

See Notes to Portfolio of Investments.

107

EQ ADVISORS TRUST

AXA TACTICAL MANAGER INTERNATIONAL PORTFOLIO-II

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Royal Bank of Scotland Group plc*

      2,156,606    $ 1,439,966

RSA Insurance Group plc

      561,039      1,085,505

SABMiller plc

      117,943      3,457,865

Sage Group plc

      147,515      535,235

Schroders plc

      12,272      262,022

Scottish & Southern Energy plc

      115,136      1,923,655

Segro plc (REIT)

      52,158      252,963

Serco Group plc

      47,154      430,053

Severn Trent plc

      40,316      731,095

Smith & Nephew plc

      109,657      1,092,445

Smiths Group plc

      68,184      1,175,410

Standard Chartered plc

      250,178      6,824,121

Standard Life plc

      373,563      1,135,464

TalkTalk Telecom Group plc*

      25,227      49,384

Tesco plc

      985,872      6,514,597

Thomas Cook Group plc

      48,067      196,797

Tomkins plc

      69,755      249,814

TUI Travel plc

      116,721      534,029

Tullow Oil plc

      102,268      1,939,896

Unilever plc

      160,119      4,701,674

United Utilities Group plc

      89,245      757,050

Vedanta Resources plc

      19,389      816,777

Vodafone Group plc

      6,545,746      15,098,418

Whitbread plc

      14,866      332,522

WM Morrison Supermarkets plc

      268,632      1,196,450

Wolseley plc*

      32,470      784,430

WPP plc

      141,932      1,471,058
         
        236,947,516
         

United States (0.0%)

      

Synthes, Inc.

      6,672      832,734
         

Total Common Stocks (51.6%)
(Cost $1,249,437,456)

         1,265,794,046
         

INVESTMENT COMPANY:

      

Exchange Traded Fund (ETF) (0.1%)

      

Vanguard Tax Managed Fund Europe Pacific ETF
(Cost $2,993,434)

      87,900      3,043,098
         
     Number of
Rights		    Value
(Note 1)

RIGHTS:

      

Germany (0.0%)

      

Volkswagen AG, expiring 4/13/10*
(Cost $—  )

      18,034      11,204
         
     Number of
Warrants		    Value
(Note 1)

WARRANTS:

      

France (0.0%)

      

Fonciere Des Regions, expiring 12/31/10*

      675      757
         

Italy (0.0%)

      

Mediobanca S.p.A., expiring 3/18/11*

      26,916      3,403

Unione di Banche Italiane S.c.p.A., expiring 6/30/11*

      9,090      449
         
        3,852
         
     Number of
Warrants		    Value
(Note 1)

Singapore (0.0%)

      

Golden Agri-Resources Ltd., expiring 7/23/12*

      16,829    $ 1,504
         

Total Warrants (0.0%)
(Cost $2,795)

         6,113
         
     Principal
Amount		    Value
(Note 1)

SHORT-TERM INVESTMENTS:

      

Short-Term Investment (0.0%)

      

BlackRock Liquidity Funds TempFund

      

0.11%‡

    $ 467,681      467,681
         

Time Deposit (0.1%)

      

JPMorgan Chase Nassau

      

0.000%, 4/1/10

      1,141,338      1,141,338
         

Total Short-Term Investments (0.1%)
(Amortized Cost $1,609,019)

         1,609,019
         

Total Investments (51.8%)
(Cost/Amortized Cost $1,254,042,704)

         1,270,463,480

Other Assets Less Liabilities (48.2%)

         1,181,219,229
         

Net Assets (100%)

       $ 2,451,682,709
         

 

* Non-income producing.

 

† Securities (totaling $2,960,433 or 0.1% of net assets) at fair value by management.

 

(b) Illiquid Security.

 

‡ Affiliated company as defined under the Investment Company Act of 1940.

Glossary:

CDI — Chess Depositary Interest

CVA — Dutch Certification

FDR — Finnish Depositary Receipt

PPS — Price Protected Share

REIT — Real Estate Investment Trust

RNC — Risparmio Non-Convertible Savings Shares

SDR — Swedish Certification

Market Sector Diversification

As a Percentage of Total Net Assets

 

Consumer Discretionary

    5.1 % 

Consumer Staples

    5.6   

Energy

    4.0   

Financials

    13.5   

Health Care

    4.2   

Industrials

    5.6   

Information Technology

    2.7   

Materials

    5.2   

Telecommunication Services

    2.7   

Utilities

    3.1   

Cash and Other

    48.3   
      
   100.0 % 
      

 

See Notes to Portfolio of Investments.

108

EQ ADVISORS TRUST

AXA TACTICAL MANAGER INTERNATIONAL PORTFOLIO-II

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

Investments in companies which were affiliates for the three months ended March 31, 2010, were as follows:

 

Securities

    Market Value
December 31,
2009		    Purchases
at Cost		    Sales
at Cost		    Market Value
March 31,
2010		    Dividend
Income		    Realized
Gain (Loss)

BlackRock Liquidity Funds TempFund

    $ 87,423,535    $ 52,375,230    $ 139,331,084    $ 467,681    $ 7,623    $ —  
                                         

At March 31, 2010, the Portfolio had the following futures contracts open: (Note 1)

 

     Number of
Contracts		    Expiration
Date		    Original
Value		    Value at
3/31/2010		    Unrealized
Appreciation/
(Depreciation)

Purchases

               

Dow Jones EURO Stoxx 50 Index

    12,198    June-10    $ 465,926,390    $ 469,708,770    $ 3,782,380

FTSE 100 Index

    3,461    June-10      292,139,353      294,667,248      2,527,895

SPI 200 Index

    1,041    June-10      115,283,382      116,519,503      1,236,121

TOPIX Index

    2,800    June-10      275,193,698      292,758,584      17,564,886
                  
               $ 25,111,282
                  

At March 31, 2010, the Portfolio had outstanding foreign currency contracts to buy/sell foreign currencies as follows: (Note 1)

 

     Local
Contract Buy
Amount
(000’s)		    U.S. $
Current Buy
Value		    U.S. $
Current Sell
Value		    Unrealized
Appreciation/
(Depreciation)		  

Foreign Currency Buy Contracts

            

Australian Dollar vs. U.S. Dollar, expiring 4/15/10

    1,600    $ 1,466,694    $ 1,452,816    $ 13,878   

Australian Dollar vs. U.S. Dollar, expiring 4/15/10

    1,500      1,375,025      1,324,815      50,210   

Australian Dollar vs. U.S. Dollar, expiring 4/15/10

    16,000      14,666,933      14,305,760      361,173   

British Pound vs. U.S. Dollar, expiring 4/15/10

    2,000      3,034,867      2,993,740      41,127   

British Pound vs. U.S. Dollar, expiring 4/15/10

    2,500      3,793,583      3,929,525      (135,942 ) 

European Union Euro vs. U.S. Dollar, expiring 4/15/10

    3,000      4,051,950      4,072,770      (20,820 ) 

European Union Euro vs. U.S. Dollar, expiring 4/15/10

    2,000      2,701,300      2,710,480      (9,180 ) 

European Union Euro vs. U.S. Dollar, expiring 4/15/10

    46,500      62,805,225      63,485,985      (680,760 ) 
                 
            $ (380,314 ) 
                 
     Local
Contract Sell
Amount
(000’s)		    U.S. $
Current Buy
Value		    U.S. $
Current Sell
Value		    Unrealized
Appreciation/
(Depreciation)		  

Foreign Currency Sell Contracts

            

Australian Dollar vs. U.S. Dollar, expiring 4/15/10

    600    $ 544,872    $ 550,010    $ (5,138 ) 

Australian Dollar vs. U.S. Dollar, expiring 4/15/10

    2,300      2,085,297      2,108,372      (23,075 ) 

Australian Dollar vs. U.S. Dollar, expiring 4/15/10

    1,200      1,073,820      1,100,020      (26,200 ) 

Australian Dollar vs. U.S. Dollar, expiring 4/15/10

    1,000      893,530      916,683      (23,153 ) 

Australian Dollar vs. U.S. Dollar, expiring 4/15/10

    630      559,094      577,511      (18,417 ) 

British Pound vs. U.S. Dollar, expiring 4/15/10

    170      253,282      257,964      (4,682 ) 

British Pound vs. U.S. Dollar, expiring 4/15/10

    450      689,854      682,845      7,009   

British Pound vs. U.S. Dollar, expiring 4/15/10

    750      1,138,418      1,138,075      343   

European Union Euro vs. U.S. Dollar, expiring 4/15/10

    50      68,785      67,533      1,252   

European Union Euro vs. U.S. Dollar, expiring 4/15/10

    550      734,465      742,858      (8,393 ) 

European Union Euro vs. U.S. Dollar, expiring 4/15/10

    3,000      4,094,910      4,051,950      42,960   

European Union Euro vs. U.S. Dollar, expiring 4/15/10

    2,000      2,717,772      2,701,300      16,472   

European Union Euro vs. U.S. Dollar, expiring 4/15/10

    1,500      2,025,285      2,025,975      (690 ) 
                 
            $ (41,712 ) 
                 
            $ (422,026 ) 
                 

 

See Notes to Portfolio of Investments.

109

EQ ADVISORS TRUST

AXA TACTICAL MANAGER INTERNATIONAL PORTFOLIO-II

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

The following is a summary of the inputs used to value the Portfolio’s assets and liabilities carried at fair value as of March 31, 2010:

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, money market securities are valued using amortized cost, in accordance with rules under the Investment Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active market, such securities are reflected as Level 2.

Various inputs are used in determining the value of the Portfolio’s investments. These inputs are summarized in the three broad levels listed below:

 

Investment Type

    Level 1
Quoted prices in active
markets for identical
securities		    Level 2
Significant other
observable inputs
(including quoted prices
for similar securities,
interest rates,
prepayment speeds,
credit risk, etc.)		     Level 3
Significant unobservable
inputs (including the
Portfolio’s own
assumptions in
determining the fair
value of investments)		    Total  

Assets:

           

Common Stocks

           

Consumer Discretionary

    $ —      $ 124,738,617      $ 321,100    $ 125,059,717   

Consumer Staples

      —        126,238,712        —        126,238,712   

Energy

      —        100,292,370        1,284,639      101,577,009   

Financials

      —        318,687,510        1,354,694      320,042,204   

Health Care

      —        103,184,576        —        103,184,576   

Industrials

      —        149,165,925        —        149,165,925   

Information Technology

      —        66,990,576        —        66,990,576   

Materials

      —        132,963,571        —        132,963,571   

Telecommunication Services

      —        69,980,658        —        69,980,658   

Utilities

      —        70,591,098        —        70,591,098   

Forward Currency Contracts

      —        534,424        —        534,424   

Futures

      25,111,282      —          —        25,111,282   

Investment Companies

           

Exchange Traded Funds (ETFs)

      3,043,098      —          —        3,043,098   

Rights

           

Consumer Discretionary

      —        11,204        —        11,204   

Short-Term Investments

      —        1,609,019        —        1,609,019   

Warrants

           

Consumer Staples

      —        1,504        —        1,504   

Financials

      —        4,609        —        4,609   
                              

Total Assets

    $ 28,154,380    $ 1,264,994,373      $ 2,960,433    $ 1,296,109,186   
                              

Liabilities

           

Forward Currency Contracts

    $ —      $ (956,450 )    $ —      $ (956,450 ) 
                              

Total Liabilities

    $ —      $ (956,450 )    $ —      $ (956,450 ) 
                              

Total

    $ 28,154,380    $ 1,264,037,923      $ 2,960,433    $ 1,295,152,736   
                              

Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:

 

     Investments in  Securities-
Consumer Discretionary		    Investments in
Securities-Energy		  

Balance as of 12/31/09

    $ —      $ —     

Total gains or losses (realized/unrealized) included in earnings

      54,419      108,201   

Purchases, sales, issuances, and settlements (net)

      —        (17,460 ) 

Transfers into Level 3

      266,681      1,193,898   

Transfers out of Level 3

      —        —     
               

Balance as of 3/31/10

    $ 321,100    $ 1,284,639   
               

The amount of total gains or losses for the year included in earnings attributable to the change in unrealized gains or losses relating to assets and liabilities still held at period ending 3/31/10.

    $ 54,419    $ 109,265   

 

See Notes to Portfolio of Investments.

110

EQ ADVISORS TRUST

AXA TACTICAL MANAGER INTERNATIONAL PORTFOLIO-II

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Investments in
Securities-Financials		     Investments in
Securities-Industrials		  

Balance as of 12/31/09

    $ —        $ 43,878   

Total gains or losses (realized/unrealized) included in earnings

      114,879        (425 ) 

Purchases, sales, issuances, and settlements (net)

      (3,856 )      (43,453 ) 

Transfers into Level 3

      1,243,671        —     

Transfers out of Level 3

      —          —     
                

Balance as of 3/31/10

    $ 1,354,694      $ —     
                

The amount of total gains or losses for the year included in earnings attributable to the change in unrealized gains or losses relating to assets and liabilities still held at period ending 3/31/10.

    $ (656,848 )    $ —     

Investment security transactions for the three months ended March 31, 2010 were as follows:

 

Cost of Purchases:

   

Stocks and long-term corporate debt securities

    $ 16,173,690

Net Proceeds of Sales and Redemptions:

   

Stocks and long-term corporate debt securities

    $ 20,081,752

As of March 31, 2010, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investments for Federal income tax purposes was as follows:

 

Aggregate gross unrealized appreciation

    $ 71,443,749   

Aggregate gross unrealized depreciation

      (58,864,390 ) 
        

Net unrealized appreciation

    $ 12,579,359   
        

Federal income tax cost of investments

    $ 1,257,884,121   
        

 

See Notes to Portfolio of Investments.

111

EQ ADVISORS TRUST

EQ/ALLIANCEBERNSTEIN INTERNATIONAL PORTFOLIO

PORTFOLIO OF INVESTMENTS

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

COMMON STOCKS:

      

Australia (7.4%)

      

Amcor Ltd.^

    387,649    $ 2,273,090

Australia & New Zealand Banking

      

Group Ltd.

    585,400      13,623,197

Bank of Queensland Ltd.^

    309,300      3,346,346

Bendigo and Adelaide Bank Ltd.

    466,600      4,281,755

BHP Billiton Ltd.

    581,800      23,272,211

Commonwealth Bank of Australia^

    291,000      15,031,465

David Jones Ltd.^

    750,000      3,269,128

Fairfax Media Ltd.^

    2,173,200      3,589,627

Goodman Fielder Ltd.^

    3,177,900      4,170,166

GPT Group (REIT)

    6,416,000      3,385,394

Incitec Pivot Ltd.

    1,940,800      6,179,984

Insurance Australia Group Ltd.^

    1,317,800      4,692,003

Macquarie Atlas Roads Group*^

    969,560      836,334

Macquarie Group Ltd.^

    332,000      14,395,175

National Australia Bank Ltd.^

    491,821      12,420,314

QBE Insurance Group Ltd.

    257,433      4,920,742

Telstra Corp., Ltd.

    2,766,500      7,590,649

Wesfarmers Ltd.

    180,900      5,277,232

Westfield Group (REIT)^

    277,300      3,068,840

Westpac Banking Corp.^

    407,700      10,415,665

Woolworths Ltd.

    157,000      4,033,989

WorleyParsons Ltd.^

    144,600      3,377,016
         
        153,450,322
         

Austria (0.2%)

      

OMV AG

    94,300      3,538,236
         

Belgium (1.0%)

      

Anheuser-Busch InBev N.V.

    330,500      16,648,109

KBC Groep N.V.*

    87,100      4,218,040
         
        20,866,149
         

Canada (1.5%)

      

EnCana Corp.

    96,300      2,996,190

National Bank of Canada

    55,700      3,391,412

Nexen, Inc.

    175,900      4,352,254

Penn West Energy Trust

    185,300      3,924,386

Research In Motion Ltd.*

    54,000      3,993,300

Suncor Energy, Inc.

    252,640      8,216,117

Talisman Energy, Inc.

    199,900      3,418,760
         
        30,292,419
         

Denmark (1.4%)

      

Carlsberg A/S, Class B

    108,575      9,112,594

Danske Bank A/S*

    271,700      6,684,299

Novo Nordisk A/S, Class B

    122,227      9,484,467

Vestas Wind Systems A/S*

    57,500      3,124,433
         
        28,405,793
         

Finland (0.8%)

      

Nokia Oyj

    1,103,500      17,184,799
         

France (9.3%)

      

Alcatel-Lucent*^

    1,089,800      3,445,808

BNP Paribas S.A.

    300,550      23,081,627

Bouygues S.A.

    112,200      5,640,428

Carrefour S.A.

    127,400      6,140,418

Casino Guichard Perrachon S.A.^

    55,900      4,730,159

Cie de Saint-Gobain S.A.^

    108,100      5,197,787

Credit Agricole S.A.^

    377,810      6,613,346

EDF S.A.

    119,600      6,526,125

France Telecom S.A.

    452,200      10,819,683

Lafarge S.A.^

    32,400      2,279,951

L’Oreal S.A.

    71,600      7,529,571

LVMH Moet Hennessy Louis Vuitton S.A.

    53,200    $ 6,218,295

Mercialys S.A. (REIT)

    6,987      251,024

Renault S.A.*

    149,700      7,016,073

Rexel S.A.*^

    424,300      6,447,159

Sanofi-Aventis S.A.

    382,755      28,531,466

Societe Generale S.A.

    193,376      12,162,000

Technip S.A.

    80,700      6,561,647

Total S.A.

    426,105      24,735,795

Vallourec S.A.^

    32,000      6,452,865

Veolia Environnement^

    76,760      2,662,397

Vivendi S.A.

    399,450      10,690,532
         
        193,734,156
         

Germany (8.5%)

      

Allianz SE (Registered)

    133,900      16,788,494

BASF SE

    106,300      6,592,923

Bayer AG

    310,644      21,012,132

Bayerische Motoren Werke (BMW) AG^

    154,600      7,137,143

Celesio AG

    215,500      6,889,510

Daimler AG

    78,600      3,700,245

Deutsche Bank AG (Registered)

    204,900      15,782,949

Deutsche Post AG (Registered)^

    466,150      8,087,283

Deutsche Telekom AG (Registered)

    647,070      8,770,240

E.ON AG

    414,234      15,293,527

Fresenius Medical Care AG & Co. KGaA^

    124,600      7,030,356

Metro AG^

    40,800      2,420,278

Muenchener Rueckversicherungs- Gesellschaft AG (Registered)

    47,500      7,708,328

RWE AG^

    59,250      5,249,706

SAP AG

    177,600      8,601,933

Siemens AG (Registered)

    203,900      20,420,727

ThyssenKrupp AG

    127,100      4,369,799

Volkswagen AG (Preference)^

    126,400      11,592,035
         
        177,447,608
         

Hong Kong (1.7%)

      

Cheung Kong Holdings Ltd.

    271,000      3,490,356

Esprit Holdings Ltd.

    850,900      6,712,512

Hong Kong Exchanges and Clearing Ltd.^

    613,400      10,238,805

Li & Fung Ltd.

    1,236,000      6,081,103

New World Development Ltd.

    1,937,000      3,792,047

Noble Group Ltd.

    2,371,000      5,186,218
         
        35,501,041
         

Ireland (0.6%)

      

Charter International plc

    497,400      5,664,808

CRH plc

    190,266      4,749,042

Irish Life & Permanent Group Holdings plc*

    376,100      1,498,539
         
        11,912,389
         

Italy (3.0%)

      

Assicurazioni Generali S.p.A.^

    124,000      2,976,130

Banca Popolare Societa Cooperativa

    621,500      3,859,275

Enel S.p.A.

    1,392,404      7,785,893

ENI S.p.A.^

    433,792      10,177,103

Intesa Sanpaolo S.p.A.*

    1,148,600      4,277,866

Saipem S.p.A.

    410,200      15,873,149

Telecom Italia S.p.A.

    2,995,700      4,313,187

Telecom Italia S.p.A. (RNC)

    1,935,900      2,183,294

 

See Notes to Portfolio of Investments.

112

EQ ADVISORS TRUST

EQ/ALLIANCEBERNSTEIN INTERNATIONAL PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

UniCredit S.p.A.*

    4,084,149    $ 12,066,810
         
        63,512,707
         

Japan (21.4%)

      

Aeon Co., Ltd.^

    323,500      3,671,339

All Nippon Airways Co., Ltd.*^

    1,514,000      4,323,864

Asahi Breweries Ltd.^

    245,600      4,605,164

Astellas Pharma, Inc.

    99,500      3,602,605

Benesse Holdings, Inc.

    86,700      3,755,856

Bridgestone Corp.^

    245,800      4,196,137

Canon, Inc.

    268,300      12,426,345

Central Japan Railway Co.

    333      2,536,057

Chubu Electric Power Co., Inc.

    124,400      3,109,667

DIC Corp.^

    3,306,000      7,143,138

East Japan Railway Co.

    79,300      5,513,424

Elpida Memory, Inc.*

    159,700      3,144,804

Fujifilm Holdings Corp.

    104,300      3,592,320

Fujitsu Ltd.

    502,000      3,286,170

Furukawa Electric Co., Ltd.^

    526,000      2,734,367

Honda Motor Co., Ltd.

    516,700      18,238,421

ITOCHU Corp.

    646,000      5,659,151

Japan Tobacco, Inc.

    2,129      7,924,826

JFE Holdings, Inc.

    130,600      5,259,482

Kansai Electric Power Co., Inc.

    156,400      3,583,365

Kao Corp.

    160,700      4,073,794

KDDI Corp.

    1,136      5,881,100

Kirin Holdings Co., Ltd.

    409,000      6,032,848

Konica Minolta Holdings, Inc.

    334,000      3,897,679

Kyushu Electric Power Co., Inc.

    70,200      1,528,046

Mitsubishi Corp.

    838,800      21,981,602

Mitsubishi Estate Co., Ltd.

    225,000      3,682,212

Mitsubishi Gas Chemical Co., Inc.^

    688,000      4,143,160

Mitsubishi Heavy Industries Ltd.^

    531,000      2,198,064

Mitsubishi Materials Corp.*

    1,096,000      3,153,535

Mitsubishi Tanabe Pharma Corp.^

    325,000      4,588,726

Mitsubishi UFJ Financial Group, Inc.

    2,540,700      13,316,323

Mitsui & Co., Ltd.

    883,900      14,852,999

Mitsui Fudosan Co., Ltd.

    340,000      5,771,526

Mizuho Financial Group, Inc.^

    1,628,000      3,221,521

Murata Manufacturing Co., Ltd.^

    112,600      6,395,401

Namco Bandai Holdings, Inc.^

    633,700      6,174,999

NGK Insulators Ltd.^

    169,000      3,447,246

NGK Spark Plug Co., Ltd

    267,000      3,627,019

Nihon Unisys Ltd.

    409,400      2,745,682

Nintendo Co., Ltd.^

    13,600      4,553,214

Nippon Denko Co. Ltd.^

    644,000      4,801,241

Nippon Electric Glass Co., Ltd.

    510,000      7,184,405

Nippon Shokubai Co., Ltd.^

    380,000      3,434,592

Nippon Steel Corp.^

    1,072,000      4,208,193

Nippon Telegraph & Telephone Corp.

    207,200      8,732,142

Nippon Yusen KK

    1,288,000      5,083,667

Nissan Motor Co., Ltd.*

    1,011,700      8,668,004

Nomura Holdings, Inc.

    420,100      3,096,041

NTT DoCoMo, Inc.

    3,392      5,166,550

NTT Urban Development Corp.^

    3,424      2,893,315

OJI Paper Co., Ltd.^

    288,000      1,263,023

Omron Corp.

    234,700      5,447,631

ORIX Corp.^

    84,310      7,475,986

Panasonic Corp.

    254,000      3,885,121

Ricoh Co., Ltd.^

    159,000      2,483,046

Seven & I Holdings Co., Ltd.

    165,800      4,006,227

Sharp Corp.^

    380,000      4,751,524

Softbank Corp.

    272,200      6,705,280

Sony Corp.^

    258,800      9,910,194

Sumitomo Corp.

    235,100    $ 2,703,311

Sumitomo Mitsui Financial Group, Inc.

    217,700      7,195,347

Sumitomo Realty & Development Co., Ltd.^

    237,000      4,509,819

Suzuki Motor Corp.^

    255,400      5,635,792

Takeda Pharmaceutical Co., Ltd.^

    173,800      7,649,877

Tohoku Electric Power Co., Inc.

    78,700      1,663,399

Tokio Marine Holdings, Inc.

    312,000      8,786,993

Tokyo Electric Power Co., Inc.^

    311,700      8,308,444

Tokyo Gas Co., Ltd.

    1,115,000      4,913,681

Toshiba Corp.*

    2,811,000      14,522,548

Tosoh Corp.^

    2,684,000      6,832,731

Toyota Motor Corp.

    642,500      25,737,111

Unicharm Corp.^

    82,300      7,949,182

West Japan Railway Co.

    680      2,342,069

Yamada Denki Co., Ltd.

    51,090      3,770,681
         
        445,290,365
         

Luxembourg (1.7%)

      

ArcelorMittal S.A.^

    391,146      17,164,511

SES S.A. (FDR)^

    314,500      7,941,251

Tenaris S.A.

    504,190      10,882,128
         
        35,987,890
         

Netherlands (4.7%)

      

ASML Holding N.V.^

    265,400      9,484,918

Delta Lloyd N.V.*

    143,400      3,406,888

Koninklijke (Royal) KPN N.V.

    358,500      5,679,760

Koninklijke Ahold N.V.

    96,322      1,284,060

Koninklijke DSM N.V.

    121,100      5,400,056

Koninklijke Philips Electronics N.V.

    179,210      5,746,267

Nutreco Holding N.V.

    92,200      5,809,321

QIAGEN N.V.*^

    197,800      4,555,054

Randstad Holding N.V.*^

    148,100      7,038,100

Royal Dutch Shell plc, Class A

    640,208      18,524,719

Royal Dutch Shell plc, Class B

    431,868      11,898,055

TNT N.V.^

    85,485      2,451,223

Unilever N.V. (CVA)

    546,600      16,533,451
         
        97,811,872
         

New Zealand (0.1%)

      

Telecom Corp. of New Zealand Ltd.^

    1,681,200      2,576,398
         

Norway (0.5%)

      

Statoil ASA

    193,452      4,478,900

Yara International ASA^

    134,200      5,825,750
         
        10,304,650
         

Singapore (0.4%)

      

DBS Group Holdings Ltd.

    225,000      2,299,939

United Overseas Bank Ltd.

    370,000      5,083,384
         
        7,383,323
         

Spain (4.3%)

      

ACS Actividades de Construccion y Servicios S.A.

    37,100      1,711,728

Banco Bilbao Vizcaya Argentaria S.A.

    743,603      10,174,039

Banco Santander S.A.

    2,624,062      34,874,823

Iberdrola S.A.

    758,400      6,427,689

Inditex S.A.

    68,980      4,547,056

Repsol YPF S.A.

    154,700      3,662,816

Telefonica S.A.

    1,192,619      28,253,622
         
        89,651,773
         

Sweden (1.8%)

      

Atlas Copco AB, Class A^

    474,646      7,362,318

Hennes & Mauritz AB, Class B

    121,250      7,877,237

SKF AB, Class B

    497,200      8,834,551

 

See Notes to Portfolio of Investments.

113

EQ ADVISORS TRUST

EQ/ALLIANCEBERNSTEIN INTERNATIONAL PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)		  

Telefonaktiebolaget LM Ericsson, Class B

      594,000    $ 6,260,338   

TeliaSonera AB*

      480,000      3,406,919   

Volvo AB, Class B^

      345,500      3,476,245   
           
        37,217,608   
           

Switzerland (9.2%)

      

ABB Ltd. (Registered)*

      470,600      10,278,754   

Alcon, Inc.

      33,500      5,412,260   

Cie Financiere Richemont S.A., Class A

      147,800      5,723,325   

Credit Suisse Group AG (Registered)

      431,814      22,258,243   

GAM Holding Ltd.

      193,524      2,376,836   

Holcim Ltd. (Registered)*^

      49,300      3,675,057   

Julius Baer Group Ltd.

      193,524      7,020,384   

Nestle S.A. (Registered)

      557,052      28,528,839   

Novartis AG (Registered)

      490,890      26,513,833   

Roche Holding AG

      145,258      23,557,585   

Swiss Life Holding AG (Registered)*

      50,800      6,672,800   

Swiss Reinsurance Co., Ltd.*

      73,692      3,627,290   

Syngenta AG (Registered)^

      32,857      9,124,175   

UBS AG (Registered)*

      571,410      9,288,664   

Xstrata plc*

      1,162,060      22,016,374   

Zurich Financial Services AG

      22,440      5,752,591   
           
        191,827,010   
           

United Kingdom (20.0%)

      

Anglo American plc*

      300,200      13,092,608   

Arriva plc

      505,900      5,627,265   

AstraZeneca plc

      317,061      14,140,707   

BAE Systems plc

      2,082,277      11,732,543   

Barclays plc

      2,757,700      15,077,870   

BG Group plc

      980,133      16,963,248   

BHP Billiton plc

      556,444      19,083,525   

BP plc

      3,715,136      35,145,540   

British American Tobacco plc

      519,900      17,920,960   

BT Group plc, Class A

      2,765,530      5,199,701   

Carnival plc

      299,300      12,285,779   

Drax Group plc

      449,400      2,547,819   

GlaxoSmithKline plc

      856,238      16,443,162   

HSBC Holdings plc^

      3,710,800      37,684,391   

Imperial Tobacco Group plc

      250,800      7,649,839   

Inchcape plc*

      11,969,000      5,354,440   

Kazakhmys plc*

      184,500      4,275,275   

Kingfisher plc

      1,622,600      5,279,161   

Man Group plc

      1,197,016      4,386,779   

Marks & Spencer Group plc

      941,800      5,289,401   

Mitchells & Butlers plc*

      876,600      4,216,862   

Morgan Crucible Co. plc

      1,158,700      3,581,713   

National Grid plc

      411,100      4,001,961   

Next plc

      141,000      4,630,257   

Premier Foods plc*

      8,441,200      4,065,742   

Rentokil Initial plc*

      1,700,500      3,364,983   

Rexam plc

      814,000      3,618,033   

Rio Tinto plc

      542,450      32,144,706   

Rolls-Royce Group plc*

      745,500      6,736,869   

Savills plc

      660,600      3,488,562   

Scottish & Southern Energy plc

      189,200      3,161,092   

Standard Chartered plc

      999,541      27,264,542   

Tate & Lyle plc

      833,000      5,741,440   

Tesco plc

      2,804,335      18,530,916   

TUI Travel plc

      640,500      2,930,456   

Tullow Oil plc

      319,720      6,064,689   

Vodafone Group plc

      12,058,378    $ 27,813,855   
           
        416,536,691   
           

Total Common Stocks (99.5%)
(Cost $1,951,864,278)

         2,070,433,199   
           
     Number of
Rights		    Value
(Note 1)		  

RIGHTS:

      

Germany (0.0%)

      

Volkswagen AG, expiring 4/13/10*
(Cost $—  )

      126,400      78,532   
           
     Number of
Warrants		    Value
(Note 1)		  

WARRANT:

      

Italy (0.0%)

      

Unione di Banche Italiane S.c.p.A., expiring 6/30/11*
(Cost $—  )

      121,900      6,026   
           
     Principal
Amount		    Value
(Note 1)		  

SHORT-TERM INVESTMENTS:

      

Short-Term Investments of Cash Collateral for Securities Loaned (4.2%)

      

Goldman Sachs & Co., Repurchase Agreement

      

0.01%, 4/1/10(v)

    $ 84,812,081      84,812,081   

Lehman Brothers Holdings, Inc.

      

0.00%, 8/21/09(h)(s)

      10,000,000      2,300,000   
           

Total Short-Term Investments of Cash Collateral for Securities Loaned

         87,112,081   
           

Time Deposit (0.5%)

      

JPMorgan Chase Nassau

      

0.000%, 4/1/10

      10,199,075      10,199,075   
           

Total Short-Term Investments (4.7%)
(Cost/Amortized Cost $105,011,157)

         97,311,156   
           

Total Investments (104.2%)
(Cost/Amortized Cost $2,056,875,435)

         2,167,828,913   

Other Assets Less Liabilities (-4.2%)

         (86,386,881 ) 
           

Net Assets (100%)

       $ 2,081,442,032   
           

 

* Non-income producing.

 

^ All, or a portion of security out on loan (See Note 1).

 

(h) Security in default. (s) Issuer in bankruptcy.

 

(v) Represents the Portfolio’s undivided interest in a joint repurchase agreement. The repurchase agreement was fully collateralized by U.S. government agency securities at the date of this Portfolio of Investments as follows: Government National Mortgage Association, 3.500%- 15.000%, maturing 7/15/10 to 3/20/40, which had a total value of $86,508,323.

Glossary:

CVA — Dutch Certification

FDR — Finnish Depositary Receipt

REIT — Real Estate Investment Trust

RNC — Risparmio Non-Convertible Savings Shares

 

See Notes to Portfolio of Investments.

114

EQ ADVISORS TRUST

EQ/ALLIANCEBERNSTEIN INTERNATIONAL PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

Market Sector Diversification

As a Percentage of Total Net Assets

 

Consumer Discretionary

    11.2 % 

Consumer Staples

    10.0   

Energy

    9.4   

Financials

    23.6   

Health Care

    8.7   

Industrials

    10.6   

Information Technology

    5.6   

Materials

    10.6   

Telecommunication Services

    6.2   

Utilities

    3.6   

Cash and Other

    0.5   
      
   100.0 % 
      

At March 31, 2010, the Portfolio had outstanding foreign currency contracts to buy/sell foreign currencies as follows: (Note 1)

 

     Local
Contract Buy
Amount
(000’s)		    U.S. $
Current Buy
Value		    U.S. $
Current Sell
Value		    Unrealized
Appreciation/
(Depreciation)		  

Foreign Currency Buy Contracts

            

Australian Dollar vs. U.S. Dollar, expiring 6/17/10

    84,308    $ 76,720,842    $ 76,079,539    $ 641,303   

New Zealand Dollar vs. U.S. Dollar, expiring 6/17/10

    106,336      75,158,285      73,938,611      1,219,674   

Norwegian Krone vs. U.S. Dollar, expiring 6/17/10

    586,422      98,321,136      98,678,558      (357,422 ) 

Swedish Krona vs. U.S. Dollar, expiring 6/17/10

    306,745      42,488,576      42,882,506      (393,930 ) 

Swedish Krona vs. U.S. Dollar, expiring 6/17/10

    109,066      15,107,202      15,388,305      (281,103 ) 

Swedish Krona vs. U.S. Dollar, expiring 6/17/10

    174,427      24,160,637      24,326,725      (166,088 ) 
                 
            $ 662,434   
                 
     Local
Contract Sell
Amount
(000’s)		    U.S. $
Current Buy
Value		    U.S. $
Current Sell
Value		    Unrealized
Appreciation/
(Depreciation)		  

Foreign Currency Sell Contracts

            

British Pound vs. U.S. Dollar, expiring 6/17/10

    9,707    $ 14,550,890    $ 14,724,257    $ (173,367 ) 

British Pound vs. U.S. Dollar, expiring 6/17/10

    15,697      23,609,229      23,810,308      (201,079 ) 

Canadian Dollar vs. U.S. Dollar, expiring 6/17/10

    24,848      24,192,386      24,464,077      (271,691 ) 

European Union Euro vs. U.S. Dollar, expiring 6/17/10

    88,306      120,009,620      119,270,499      739,121   

European Union Euro vs. U.S. Dollar, expiring 6/17/10

    18,970      25,342,402      25,621,830      (279,428 ) 

European Union Euro vs. U.S. Dollar, expiring 6/17/10

    25,919      35,349,110      35,007,497      341,613   

European Union Euro vs. U.S. Dollar, expiring 6/17/10

    11,710      15,945,272      15,816,111      129,161   

Japanese Yen vs. U.S. Dollar, expiring 6/17/10

    1,889,823      21,037,069      20,222,527      814,542   

Swiss Franc vs. U.S. Dollar, expiring 6/17/10

    69,204      64,310,606      65,672,776      (1,362,170 ) 
                 
            $ (263,298 ) 
                 
            $ 399,136   
                 

The following is a summary of the inputs used to value the Portfolio’s assets and liabilities carried at fair value as of March 31, 2010:

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, money market securities are valued using amortized cost, in accordance with rules under the Investment Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active market, such securities are reflected as Level 2.

Various inputs are used in determining the value of the Portfolio’s investments. These inputs are summarized in the three broad levels listed below:

 

See Notes to Portfolio of Investments.

115

EQ ADVISORS TRUST

EQ/ALLIANCEBERNSTEIN INTERNATIONAL PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

Investment Type

    Level 1
Quoted prices in active
markets for identical
securities		    Level 2
Significant other
observable inputs
(including quoted prices
for similar securities,
interest rates,
prepayment speeds,
credit risk, etc.)		     Level 3
Significant unobservable
inputs (including the
Portfolio’s own
assumptions in
determining the fair
value of investments)		    Total  

Assets:

           

Common Stocks

           

Consumer Discretionary

    $ —      $ 230,432,777      $ —      $ 230,432,777   

Consumer Staples

      —        204,390,464        —        204,390,464   

Energy

      22,907,707      171,883,041        —        194,790,748   

Financials

      3,391,412      485,757,939        —        489,149,351   

Health Care

      5,412,260      173,999,480        —        179,411,740   

Industrials

      —        218,376,422        —        218,376,422   

Information Technology

      3,993,300      114,657,041        —        118,650,341   

Materials

      —        225,376,165        —        225,376,165   

Telecommunication Services

      —        133,092,380        —        133,092,380   

Utilities

      —        76,762,811        —        76,762,811   

Forward Currency Contracts

      —        3,885,414        —        3,885,414   

Rights

           

Consumer Discretionary

      —        78,532        —        78,532   

Short-Term Investments

      —        97,311,156        —        97,311,156   

Warrants

           

Financials

      —        6,026        —        6,026   
                              

Total Assets

    $ 35,704,679    $ 2,136,009,648      $ —      $ 2,171,714,327   
                              

Liabilities

           

Forward Currency Contracts

    $ —      $ (3,486,278 )    $ —      $ (3,486,278 ) 
                              

Total Liabilities

    $ —      $ (3,486,278 )    $ —      $ (3,486,278 ) 
                              

Total

    $ 35,704,679    $ 2,132,523,370      $ —      $ 2,168,228,049   
                              

Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:

 

     Investments in
Securities-Industrials		  

Balance as of 12/31/09

    $ 72,248   

Total gains or losses (realized/unrealized) included in earnings

      (700 ) 

Purchases, sales, issuances, and settlements (net)

      (71,548 ) 

Transfers into Level 3

      —     

Transfers out of Level 3

      —     
        

Balance as of 3/31/10

    $ —     
        

The amount of total gains or losses for the year included in earnings attributable to the change in unrealized gains or losses relating to assets and liabilities still held at period ending 3/31/10.

    $ —     

Investment security transactions for the three months ended March 31, 2010 were as follows:

 

Cost of Purchases:

   

Stocks and long-term corporate debt securities

    $ 287,108,141

Net Proceeds of Sales and Redemptions:

   

Stocks and long-term corporate debt securities

    $ 308,908,328

 

See Notes to Portfolio of Investments.

116

EQ ADVISORS TRUST

EQ/ALLIANCEBERNSTEIN INTERNATIONAL PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

As of March 31, 2010, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investments for Federal income tax purposes was as follows:

 

Aggregate gross unrealized appreciation

    $ 269,426,286   

Aggregate gross unrealized depreciation

      (168,995,225 ) 
        

Net unrealized appreciation

    $ 100,431,061   
        

Federal income tax cost of investments

    $ 2,067,397,852   
        

At March 31, 2010, the Portfolio had loaned securities with a total value of $90,225,415. This was secured by collateral of $94,812,081, which was received as cash and subsequently invested in short-term investments currently valued at $87,112,081 as reported in the Portfolio of Investments.

The Portfolio has a net capital loss carryforward of $811,227,551 of which $12,792,555 expires in the year 2010, and $110,657,426 expires in the year 2016, and $687,777,570 expires in the year 2017.

 

See Notes to Portfolio of Investments.

117

EQ ADVISORS TRUST

EQ/ALLIANCEBERNSTEIN SMALL CAP GROWTH PORTFOLIO

PORTFOLIO OF INVESTMENTS

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

COMMON STOCKS:

      

Consumer Discretionary (18.1%)

      

Auto Components (0.5%)

      

American Axle & Manufacturing Holdings, Inc.*^

    47,100    $ 470,058

ArvinMeritor, Inc.*^

    50,600      675,510

China Automotive Systems, Inc.*^

    9,700      224,167

Cooper Tire & Rubber Co.^

    36,500      694,230

Dana Holding Corp.*

    88,300      1,049,004

Dorman Products, Inc.*^

    11,400      216,486

Drew Industries, Inc.*^

    18,900      416,178

Exide Technologies, Inc.*^

    45,900      263,925

Fuel Systems Solutions, Inc.*^

    7,400      236,504

Modine Manufacturing Co.*^

    32,900      369,796

Raser Technologies, Inc.*

    41,500      41,500

Standard Motor Products, Inc.^

    21,900      217,248

Superior Industries International, Inc.^

    10,800      173,664

Tenneco, Inc.*^

    38,100      901,065

Wonder Auto Technology, Inc.*^

    16,400      173,512
         
        6,122,847
         

Automobiles (0.0%)

      

Winnebago Industries, Inc.*^

    19,800      289,278
         

Distributors (0.7%)

      

Audiovox Corp., Class A*

    24,200      188,276

Core-Mark Holding Co., Inc.*^

    10,600      324,466

LKQ Corp.*

    457,010      9,277,303
         
        9,790,045
         

Diversified Consumer Services (1.4%)

      

American Public Education, Inc.*^

    12,150      566,190

Bridgepoint Education, Inc.*^

    9,300      228,594

Capella Education Co.*^

    9,750      905,190

ChinaCast Education Corp.*

    21,900      160,089

Coinstar, Inc.*^

    18,750      609,375

Corinthian Colleges, Inc.*^

    52,700      926,993

Grand Canyon Education, Inc.*^

    12,641      330,436

Jackson Hewitt Tax Service, Inc.*^

    22,000      44,000

K12, Inc.*

    15,800      350,918

Learning Tree International, Inc.*^

    11,000      154,770

Lincoln Educational Services Corp.*

    7,400      187,220

Mac-Gray Corp.

    11,700      132,093

Matthews International Corp., Class A

    18,200      646,100

Pre-Paid Legal Services, Inc.*^

    3,800      143,830

Princeton Review, Inc.*

    21,300      74,337

Regis Corp.^

    36,810      687,611

Sotheby’s, Inc.

    40,800      1,268,472

Steiner Leisure Ltd.*^

    7,600      336,832

Stewart Enterprises, Inc., Class A^

    54,300      339,375

Strayer Education, Inc.^

    43,480      10,588,249

Universal Technical Institute, Inc.*^

    13,200      301,224
         
        18,981,898
         

Hotels, Restaurants & Leisure (3.5%)

      

AFC Enterprises, Inc.*^

    300      3,219

Ambassadors Group, Inc.

    16,227      179,308

Ameristar Casinos, Inc.^

    16,200      295,164

Bally Technologies, Inc.*^

    36,300      1,471,602

BJ’s Restaurants, Inc.*^

    11,400      265,620

Bob Evans Farms, Inc.^

    18,700      578,017

Buffalo Wild Wings, Inc.*^

    10,300      495,533

California Pizza Kitchen, Inc.*

    14,400      241,776

CEC Entertainment, Inc.*

    15,400      586,586

Cheesecake Factory, Inc.*^

    36,200    $ 979,572

Chipotle Mexican Grill, Inc.*^

    63,200      7,120,744

Churchill Downs, Inc.^

    4,400      165,000

CKE Restaurants, Inc.

    34,600      383,022

Cracker Barrel Old Country Store, Inc.

    13,300      616,854

Denny’s Corp.*^

    84,812      325,678

DineEquity, Inc.*^

    11,300      446,689

Domino’s Pizza, Inc.*

    28,500      388,740

Dover Downs Gaming & Entertainment, Inc.

    39,900      158,004

Einstein Noah Restaurant Group, Inc.*

    500      6,075

Gaylord Entertainment Co.*^

    192,300      5,632,467

Interval Leisure Group, Inc.*

    26,500      385,840

Isle of Capri Casinos, Inc.*^

    12,100      94,138

Jack in the Box, Inc.*^

    38,700      911,385

Life Time Fitness, Inc.*

    27,000      758,700

Luby’s, Inc.*^

    21,600      85,104

Marcus Corp.

    17,900      232,521

Morgans Hotel Group Co.*^

    33,100      212,171

Orient-Express Hotels Ltd., Class A*

    755,490      10,712,848

P.F. Chang’s China Bistro, Inc.*^

    14,500      639,885

Panera Bread Co., Class A*

    97,900      7,488,371

Papa John’s International, Inc.*

    12,033      309,369

Peet’s Coffee & Tea, Inc.*

    6,600      261,690

Pinnacle Entertainment, Inc.*

    39,600      385,704

Red Robin Gourmet Burgers, Inc.*

    9,600      234,624

Ruby Tuesday, Inc.*^

    33,800      357,266

Shuffle Master, Inc.*

    32,300      264,537

Sonic Corp.*

    37,500      414,375

Speedway Motorsports, Inc.

    10,300      160,783

Steak n Shake Co.*^

    870      331,705

Texas Roadhouse, Inc.*

    32,100      445,869

Vail Resorts, Inc.*

    18,700      749,683
         
        45,776,238
         

Household Durables (1.6%)

      

American Greetings Corp., Class A^

    26,400      550,176

Beazer Homes USA, Inc.*

    13,600      61,744

Blyth, Inc.

    3,800      118,750

Cavco Industries, Inc.*^

    3,900      133,146

Ethan Allen Interiors, Inc.^

    14,900      307,387

Helen of Troy Ltd.*

    19,600      510,776

Hovnanian Enterprises, Inc., Class A*^

    33,100      143,985

iRobot Corp.*^

    14,519      220,108

La-Z-Boy, Inc.*

    36,000      451,440

M/I Homes, Inc.*

    16,000      234,400

Meritage Homes Corp.*

    20,100      422,100

National Presto Industries, Inc.

    3,578      425,460

Ryland Group, Inc.

    24,800      556,512

Sealy Corp.*

    62,900      220,150

Standard Pacific Corp.*

    77,100      348,492

Tempur-Pedic International, Inc.*

    459,630      13,862,441

Tupperware Brands Corp.

    41,700      2,010,774

Universal Electronics, Inc.*

    8,600      192,124
         
        20,769,965
         

Internet & Catalog Retail (1.0%)

      

1-800-FLOWERS.COM, Inc., Class A*

    33,000      82,830

Blue Nile, Inc.*^

    8,700      478,674

Drugstore.Com, Inc.*^

    56,800      202,776

Gaiam, Inc., Class A

    1,800      14,940

HSN, Inc.*

    26,600      783,104

 

See Notes to Portfolio of Investments.

118

EQ ADVISORS TRUST

EQ/ALLIANCEBERNSTEIN SMALL CAP GROWTH PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Netflix, Inc.*^

    133,500    $ 9,844,290

NutriSystem, Inc.^

    19,800      352,638

Orbitz Worldwide, Inc.*^

    28,300      201,213

Overstock.com, Inc.*^

    11,900      193,375

PetMed Express, Inc.^

    11,200      248,304

Shutterfly, Inc.*

    13,500      325,215
         
        12,727,359
         

Leisure Equipment & Products (0.4%)

      

Brunswick Corp.^

    57,300      915,081

Callaway Golf Co.^

    43,800      386,316

Eastman Kodak Co.*

    179,600      1,039,884

JAKKS Pacific, Inc.*^

    18,700      244,035

Leapfrog Enterprises, Inc.*

    38,800      254,140

Polaris Industries, Inc.^

    19,200      982,272

Pool Corp.^

    28,000      633,920

RC2 Corp.*

    11,900      178,143

Smith & Wesson Holding Corp.*^

    24,600      92,988

Sturm Ruger & Co., Inc.^

    12,800      153,472
         
        4,880,251
         

Media (1.9%)

      

Arbitron, Inc.^

    17,800      474,548

Ascent Media Corp., Class A*^

    9,400      256,150

Belo Corp., Class A

    57,600      392,832

Cinemark Holdings, Inc.^

    24,065      441,352

CKX, Inc.*

    33,275      203,976

Crown Media Holdings, Inc., Class A*^

    60,100      115,392

Dolan Media Co.*^

    15,800      171,746

EW Scripps Co., Class A*^

    26,800      226,460

Fisher Communications, Inc.*

    130      1,833

Global Sources Ltd.*

    28,700      186,837

Harte-Hanks, Inc.^

    23,800      306,068

Knology, Inc.*

    22,900      307,776

Lamar Advertising Co., Class A*

    260,190      8,937,526

LIN TV Corp., Class A*

    1,500      8,625

Live Nation Entertainment, Inc.*

    89,225      1,293,763

Mediacom Communications Corp., Class A*

    31,000      184,450

National CineMedia, Inc.^

    575,840      9,938,998

RCN Corp.*

    20,100      303,108

Rentrak Corp.*

    9,100      196,105

Scholastic Corp.

    15,600      436,800

Valassis Communications, Inc.*

    30,900      859,947

Value Line, Inc.

    6,000      138,540

World Wrestling Entertainment, Inc., Class A^

    14,200      245,660
         
        25,628,492
         

Multiline Retail (1.1%)

      

99 Cents Only Stores*^

    31,000      505,300

Dillard’s, Inc., Class A

    31,100      733,960

Dollar Tree, Inc.*^

    201,700      11,944,674

Fred’s, Inc., Class A

    25,800      309,084

Retail Ventures, Inc.*

    23,000      218,730

Saks, Inc.*^

    79,600      684,560
         
        14,396,308
         

Specialty Retail (4.1%)

      

America’s Car-Mart, Inc.*^

    7,300      176,076

AnnTaylor Stores Corp.*^

    39,200      811,440

Asbury Automotive Group, Inc.*

    26,300      349,790

bebe Stores, Inc.^

    29,600      263,440

Big 5 Sporting Goods Corp.

    17,350      264,067

Brown Shoe Co., Inc.^

    27,000      417,960

Buckle, Inc.^

    17,100      628,596

Build-A-Bear Workshop, Inc.*

    2,900      20,648

Cabela’s, Inc.*

    25,500    $ 445,995

CarMax, Inc.*^

    302,300      7,593,776

Cato Corp., Class A

    17,800      381,632

Charming Shoppes, Inc.*

    74,241      405,356

Children’s Place Retail Stores, Inc.*

    15,945      710,350

Christopher & Banks Corp.

    26,600      212,800

Citi Trends, Inc.*

    8,400      272,496

Coldwater Creek, Inc.*^

    36,927      256,273

Collective Brands, Inc.*^

    46,800      1,064,232

Dick’s Sporting Goods, Inc.*

    356,350      9,304,299

Dress Barn, Inc.*

    35,995      941,629

DSW, Inc., Class A*

    8,600      219,558

Finish Line, Inc., Class A

    22,300      363,936

Genesco, Inc.*^

    12,900      400,029

Group 1 Automotive, Inc.*^

    13,700      436,482

Gymboree Corp.*

    18,578      959,182

hhgregg, Inc.*^

    8,900      224,636

Hibbett Sports, Inc.*^

    15,648      400,276

HOT Topic, Inc.*

    28,800      187,200

J. Crew Group, Inc.*

    197,080      9,045,972

Jo-Ann Stores, Inc.*

    16,500      692,670

JoS. A. Bank Clothiers, Inc.*^

    11,400      623,010

Kirkland’s, Inc.*

    11,100      233,100

Lithia Motors, Inc., Class A*

    17,900      114,560

Lumber Liquidators Holdings, Inc.*^

    12,300      328,041

Men’s Wearhouse, Inc.^

    34,900      835,506

Monro Muffler Brake, Inc.

    10,700      382,632

New York & Co., Inc.*

    50,700      242,853

OfficeMax, Inc.*^

    51,100      839,062

Pacific Sunwear of California, Inc.*^

    49,500      262,845

PEP Boys-Manny, Moe & Jack^

    31,700      318,585

Pier 1 Imports, Inc.*

    90,700      577,759

Rent-A-Center, Inc.*

    44,000      1,040,600

REX Stores Corp.*

    13,400      217,080

Rue21, Inc.*

    5,700      197,619

Sally Beauty Holdings, Inc.*^

    59,000      526,280

Shoe Carnival, Inc.*

    9,300      212,598

Sonic Automotive, Inc., Class A*

    16,900      185,900

Stage Stores, Inc.

    18,900      290,871

Stein Mart, Inc.*

    18,500      167,055

Syms Corp.*^

    7,591      75,606

Systemax, Inc.^

    10,200      221,748

Talbots, Inc.*^

    19,295      250,063

Tractor Supply Co.^

    119,700      6,948,585

Ulta Salon Cosmetics & Fragrance, Inc.*

    17,600      398,112

Wet Seal, Inc., Class A*^

    43,400      206,584

Zale Corp.*^

    18,300      50,142

Zumiez, Inc.*^

    16,356      335,135
         
        53,532,727
         

Textiles, Apparel & Luxury Goods (1.9%)

      

American Apparel, Inc.*

    32,700      99,081

Carter’s, Inc.*

    306,670      9,246,101

Columbia Sportswear Co.^

    8,000      420,240

Crocs, Inc.*

    77,700      681,429

Deckers Outdoor Corp.*

    8,800      1,214,400

Fossil, Inc.*

    31,400      1,185,036

Fuqi International, Inc.*^

    6,300      68,670

G-III Apparel Group Ltd.*^

    9,900      272,844

Iconix Brand Group, Inc.*

    46,000      706,560

Jones Apparel Group, Inc.

    57,200      1,087,944

Kenneth Cole Productions, Inc., Class A*

    14,600      187,026

K-Swiss, Inc., Class A*^

    17,700      185,142

Liz Claiborne, Inc.*^

    63,700      473,291

 

See Notes to Portfolio of Investments.

119

EQ ADVISORS TRUST

EQ/ALLIANCEBERNSTEIN SMALL CAP GROWTH PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Lululemon Athletica, Inc.*^

    27,186    $ 1,128,219

Maidenform Brands, Inc.*

    12,300      268,755

Movado Group, Inc.*^

    11,400      128,592

Oxford Industries, Inc.

    8,000      162,640

Perry Ellis International, Inc.*

    10,500      237,825

Quiksilver, Inc.*

    97,100      459,283

Skechers U.S.A., Inc., Class A*

    21,500      780,880

Steven Madden Ltd.*

    11,500      561,200

Timberland Co., Class A*

    26,419      563,781

True Religion Apparel, Inc.*^

    13,700      415,932

Under Armour, Inc., Class A*

    19,900      585,259

Unifi, Inc.*

    31,300      113,932

UniFirst Corp.

    9,400      484,100

Volcom, Inc.*^

    13,100      255,712

Warnaco Group, Inc.*

    29,700      1,416,987

Weyco Group, Inc.^

    7,300      171,696

Wolverine World Wide, Inc.

    34,600      1,008,936
         
        24,571,493
         

Total Consumer Discretionary

         237,466,901
         

Consumer Staples (2.2%)

      

Beverages (0.1%)

      

Boston Beer Co., Inc., Class A*^

    4,700      245,622

Coca-Cola Bottling Co. Consolidated

    2,800      164,248

Heckmann Corp.*

    53,600      310,880

National Beverage Corp.^

    12,800      142,336
         
        863,086
         

Food & Staples Retailing (0.4%)

      

Andersons, Inc.

    11,800      395,064

Arden Group, Inc., Class A^

    1,022      108,618

Casey’s General Stores, Inc.

    32,700      1,026,780

Diedrich Coffee, Inc.*

    5,100      177,480

Great Atlantic & Pacific Tea Co., Inc.*^

    27,100      207,857

Ingles Markets, Inc., Class A

    8,500      127,755

Nash Finch Co.^

    8,600      289,390

Pantry, Inc.*^

    15,000      187,350

Pricesmart, Inc.^

    7,200      167,400

Ruddick Corp.^

    27,000      854,280

Spartan Stores, Inc.^

    10,300      148,526

Susser Holdings Corp.*

    8,600      72,670

United Natural Foods, Inc.*^

    28,700      807,331

Weis Markets, Inc.^

    7,400      269,064

Winn-Dixie Stores, Inc.*^

    33,700      420,913
         
        5,260,478
         

Food Products (1.3%)

      

AgFeed Industries, Inc.*^

    30,800      135,212

Alico, Inc.

    8,700      219,675

American Dairy, Inc.*^

    7,000      134,050

American Italian Pasta Co., Class A*

    14,000      544,180

B&G Foods, Inc., Class A

    20,700      216,936

Calavo Growers, Inc.^

    7,600      138,624

Cal-Maine Foods, Inc.^

    9,100      308,399

Chiquita Brands International, Inc.*^

    28,100      442,013

Darling International, Inc.*^

    53,300      477,568

Diamond Foods, Inc.^

    10,400      437,216

Dole Food Co., Inc.*^

    23,177      274,647

Farmer Bros Co.

    6,932      129,906

Fresh Del Monte Produce, Inc.*

    24,600      498,150

Green Mountain Coffee Roasters, Inc.*

    84,000      8,132,880

Hain Celestial Group, Inc.*^

    27,243      472,666

HQ Sustainable Maritime Industries, Inc.*

    500      3,000

Imperial Sugar Co.

    11,200      173,712

J&J Snack Foods Corp.

    9,000    $ 391,230

Lancaster Colony Corp.

    13,000      766,480

Lance, Inc.

    16,400      379,332

Lifeway Foods, Inc.*^

    11,200      132,944

Omega Protein Corp.*

    1,800      10,350

Sanderson Farms, Inc.^

    13,600      729,096

Seneca Foods Corp., Class A*

    6,000      174,720

Smart Balance, Inc.*

    40,700      263,736

Synutra International, Inc.*

    11,500      260,015

Tootsie Roll Industries, Inc.^

    15,590      421,400

TreeHouse Foods, Inc.*^

    20,000      877,400

Zhongpin, Inc.*^

    11,600      147,320
         
        17,292,857
         

Household Products (0.1%)

      

Central Garden & Pet Co., Class A*

    34,800      318,768

WD-40 Co.

    10,700      351,281
         
        670,049
         

Personal Products (0.2%)

      

American Oriental Bioengineering, Inc.*^

    29,100      118,728

China Sky One Medical, Inc.*^

    7,700      120,967

China-Biotics, Inc.*

    11,900      213,129

Elizabeth Arden, Inc.*

    13,200      237,600

Inter Parfums, Inc.

    14,300      211,926

Mannatech, Inc.

    18,600      62,124

Medifast, Inc.*

    8,200      206,066

Nu Skin Enterprises, Inc., Class A^

    31,300      910,830

Prestige Brands Holdings, Inc.*

    22,000      198,000

Revlon, Inc., Class A*

    12,300      182,655

Schiff Nutrition International, Inc.

    14,300      116,974

USANA Health Sciences, Inc.*^

    5,200      163,332
         
        2,742,331
         

Tobacco (0.1%)

      

Alliance One International, Inc.*^

    41,900      213,271

Star Scientific, Inc.*^

    43,200      110,160

Universal Corp.^

    17,400      916,806

Vector Group Ltd.^

    22,785      351,573
         
        1,591,810
         

Total Consumer Staples

         28,420,611
         

Energy (5.4%)

      

Energy Equipment & Services (2.7%)

      

Allis-Chalmers Energy, Inc.*

    34,011      120,399

Basic Energy Services, Inc.*^

    19,500      150,345

Bolt Technology Corp.*^

    14,500      163,995

Bristow Group, Inc.*

    23,001      867,828

Bronco Drilling Co., Inc.*^

    19,900      93,530

Cal Dive International, Inc.*

    30,000      219,900

CARBO Ceramics, Inc.^

    11,900      741,846

Complete Production Services, Inc.*^

    521,650      6,025,057

Dawson Geophysical Co.*^

    6,300      184,212

Dril-Quip, Inc.*^

    79,100      4,812,444

ENGlobal Corp.*

    1,400      3,878

FMC Technologies, Inc.*^

    84,300      5,448,309

Global Industries Ltd.*

    66,800      428,856

Gulf Island Fabrication, Inc.^

    8,000      174,000

Gulfmark Offshore, Inc., Class A*^

    14,200      377,010

Hercules Offshore, Inc.*^

    58,900      253,859

Hornbeck Offshore Services, Inc.*^

    15,200      282,264

ION Geophysical Corp.*^

    64,200      315,864

Key Energy Services, Inc.*^

    82,700      789,785

Lufkin Industries, Inc.

    9,200      728,180

Matrix Service Co.*

    15,100      162,476

Natural Gas Services Group, Inc.*^

    9,600      152,352

 

See Notes to Portfolio of Investments.

120

EQ ADVISORS TRUST

EQ/ALLIANCEBERNSTEIN SMALL CAP GROWTH PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Newpark Resources, Inc.*

    42,400    $ 222,600

Oceaneering International, Inc.*^

    82,910      5,263,956

Parker Drilling Co.*^

    77,700      383,061

PHI, Inc.*

    10,200      216,036

Pioneer Drilling Co.*

    26,000      183,040

RPC, Inc.^

    19,800      220,374

Superior Energy Services, Inc.*

    225,180      4,733,284

Superior Well Services, Inc.*^

    12,200      163,236

T-3 Energy Services, Inc.*^

    9,100      223,496

TETRA Technologies, Inc.*

    50,400      615,888

Union Drilling, Inc.*

    15,800      97,328

Vantage Drilling Co.*^

    102,100      151,108

Willbros Group, Inc.*

    25,200      302,652
         
        35,272,448
         

Oil, Gas & Consumable Fuels (2.7%)

      

Alon USA Energy, Inc.^

    34,700      251,575

Apco Oil and Gas International, Inc.^

    11,191      302,828

Approach Resources, Inc.*

    11,600      105,328

Arena Resources, Inc.*^

    24,300      811,620

Atlas Energy, Inc.*

    42,800      1,331,936

ATP Oil & Gas Corp.*

    25,300      475,893

Berry Petroleum Co., Class A^

    32,500      915,200

Bill Barrett Corp.*

    25,700      789,247

BPZ Resources, Inc.*^

    59,700      438,795

Brigham Exploration Co.*

    63,600      1,014,420

Cabot Oil & Gas Corp.

    131,760      4,848,768

Carrizo Oil & Gas, Inc.*^

    17,900      410,805

Cheniere Energy, Inc.*^

    33,500      103,515

Clean Energy Fuels Corp.*^

    21,500      489,770

Cloud Peak Energy, Inc.*

    19,606      326,244

Concho Resources, Inc.*

    111,770      5,628,737

Contango Oil & Gas Co.*^

    7,207      368,638

Crosstex Energy, Inc.*

    42,000      364,980

CVR Energy, Inc.*

    14,500      126,875

Delek U.S. Holdings, Inc.

    14,400      104,832

Delta Petroleum Corp.*^

    104,000      146,640

DHT Holdings, Inc.^

    23,000      90,160

Endeavour International Corp.*

    133,700      169,799

Evergreen Energy, Inc.*

    106,900      19,242

General Maritime Corp.^

    27,984      201,205

GeoResources, Inc.*

    15,400      235,158

GMX Resources, Inc.*^

    20,400      167,688

Golar LNG Ltd.*

    22,100      258,570

Goodrich Petroleum Corp.*^

    14,800      231,472

Gran Tierra Energy, Inc.*

    127,537      752,468

Green Plains Renewable Energy, Inc.*

    14,500      206,915

Gulfport Energy Corp.*^

    21,300      239,412

International Coal Group, Inc.*

    83,200      380,224

James River Coal Co.*

    14,300      227,370

Knightsbridge Tankers Ltd.

    10,800      182,952

McMoRan Exploration Co.*^

    48,800      713,944

Newfield Exploration Co.*^

    72,790      3,788,720

Nordic American Tanker Shipping Ltd.

    27,400      829,398

Northern Oil and Gas, Inc.*

    26,400      418,440

Oilsands Quest, Inc.*

    111,700      82,569

Panhandle Oil and Gas, Inc., Class A

    5,800      137,054

Patriot Coal Corp.*

    42,800      875,688

Penn Virginia Corp.

    27,500      673,750

Petroleum Development Corp.*

    9,300      215,481

PetroQuest Energy, Inc.*^

    38,600      194,158

Rex Energy Corp.*^

    27,200      309,808

Rosetta Resources, Inc.*

    33,400      786,570

Ship Finance International Ltd.^

    27,200      483,072

Stone Energy Corp.*

    32,600    $ 578,650

Swift Energy Co.*

    23,800      731,612

Teekay Tankers Ltd., Class A^

    2,700      33,939

USEC, Inc.*

    71,800      414,286

VAALCO Energy, Inc.*

    27,900      137,826

Venoco, Inc.*

    15,900      203,997

W&T Offshore, Inc.^

    22,700      190,680

Warren Resources, Inc.*

    85,129      214,525

Western Refining, Inc.*^

    50,200      276,100

Westmoreland Coal Co.*^

    500      6,310

World Fuel Services Corp.^

    37,800      1,006,992
         
        36,022,850
         

Total Energy

         71,295,298
         

Financials (13.6%)

      

Capital Markets (4.2%)

      

Affiliated Managers Group, Inc.*^

    102,350      8,085,650

Allied Capital Corp.*

    119,600      594,412

American Capital Ltd.*

    180,600      917,448

Apollo Investment Corp.^

    113,100      1,439,763

Ares Capital Corp.^

    84,000      1,246,560

Artio Global Investors, Inc.

    17,836      441,263

BGC Partners, Inc., Class A^

    42,200      257,842

BlackRock Kelso Capital Corp.

    25,900      257,964

Broadpoint Gleacher Securities, Inc.*^

    29,370      117,480

Calamos Asset Management, Inc., Class A

    14,700      210,798

Capital Southwest Corp.^

    2,507      227,836

Cohen & Steers, Inc.

    10,866      271,215

Cowen Group, Inc., Class A*^

    25,000      141,500

Diamond Hill Investment Group, Inc.

    1,900      130,340

Duff & Phelps Corp., Class A

    9,250      154,845

E*TRADE Financial Corp.*

    1,010,961      1,668,086

Epoch Holding Corp.^

    17,600      198,704

Evercore Partners, Inc., Class A^

    10,100      303,000

FBR Capital Markets Corp.*

    22,400      101,920

Fifth Street Finance Corp.^

    24,900      289,089

GAMCO Investors, Inc., Class A

    3,800      172,900

GFI Group, Inc.

    42,981      248,430

Gladstone Capital Corp.^

    14,300      168,740

Gladstone Investment Corp.

    1,000      5,980

Greenhill & Co., Inc.

    104,440      8,573,480

Hercules Technology Growth Capital, Inc.

    24,307      257,411

International Assets Holding Corp.*

    9,500      142,215

JMP Group, Inc.

    18,700      158,950

KBW, Inc.*

    289,971      7,800,220

Knight Capital Group, Inc., Class A*

    62,004      945,561

Lazard Ltd., Class A

    200,100      7,143,570

MCG Capital Corp.*^

    70,100      365,221

MF Global Holdings Ltd.*^

    64,800      522,936

MVC Capital, Inc.^

    18,200      246,974

NGP Capital Resources Co.^

    12,453      106,099

Oppenheimer Holdings, Inc., Class A

    7,900      201,529

optionsXpress Holdings, Inc.*

    26,900      438,201

PennantPark Investment Corp.

    21,245      220,098

Penson Worldwide, Inc.*^

    16,500      166,155

Piper Jaffray Cos., Inc.*^

    11,800      475,540

Prospect Capital Corp.^

    41,061      498,891

Pzena Investment Management, Inc., Class A*

    20,600      157,178

Riskmetrics Group, Inc.*^

    14,700      332,367

Safeguard Scientifics, Inc.*^

    18,200      236,600

Sanders Morris Harris Group, Inc.^

    18,000      111,420

 

See Notes to Portfolio of Investments.

121

EQ ADVISORS TRUST

EQ/ALLIANCEBERNSTEIN SMALL CAP GROWTH PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Stifel Financial Corp.*

    152,880    $ 8,217,300

SWS Group, Inc.

    11,500      132,595

Thomas Weisel Partners Group, Inc.*^

    1,000      3,920

TradeStation Group, Inc.*^

    20,900      146,509

U.S. Global Investors, Inc., Class A

    1,000      9,890

Virtus Investment Partners, Inc.*

    3,495      72,836

Westwood Holdings Group, Inc.^

    5,400      198,720
         
        55,534,151
         

Commercial Banks (3.3%)

      

1st Source Corp.^

    7,000      122,850

Ameris Bancorp^

    10,334      93,315

Ames National Corp.^

    12,600      252,630

Arrow Financial Corp.^

    6,180      166,180

BancFirst Corp.^

    3,400      142,494

Banco Latinoamericano de Comercio Exterior S.A.^

    12,900      185,244

Bank of Marin Bancorp/California^

    5,400      178,632

Bank of the Ozarks, Inc.^

    5,800      204,102

Banner Corp.^

    12,500      48,000

Boston Private Financial Holdings, Inc.^

    35,900      264,583

Bridge Bancorp, Inc.^

    5,500      128,700

Bryn Mawr Bank Corp.^

    5,500      99,825

Camden National Corp.^

    3,900      125,229

Capital City Bank Group, Inc.

    9,000      128,250

Cardinal Financial Corp.

    18,250      194,910

Cathay General Bancorp

    50,401      587,172

Centerstate Banks, Inc.

    15,600      191,100

Central Pacific Financial Corp.*^

    18,200      30,576

Chemical Financial Corp.^

    15,100      356,662

Citizens Holding Co.

    4,900      120,932

Citizens Republic Bancorp, Inc.*

    315,400      372,172

City Holding Co.^

    10,500      360,045

CoBiz Financial, Inc.

    28,600      178,178

Columbia Banking System, Inc.^

    17,900      363,549

Community Bank System, Inc.^

    18,106      412,455

Community Trust Bancorp, Inc.

    10,100      273,609

CVB Financial Corp.^

    54,800      544,164

Danvers Bancorp, Inc.^

    8,400      116,172

Eagle Bancorp, Inc.*

    17,300      205,005

East West Bancorp, Inc.^

    71,092      1,238,423

F.N.B. Corp./Pennsylvania

    73,500      596,085

Farmers Capital Bank Corp.^

    4,500      38,565

Financial Institutions, Inc.

    7,100      103,802

First Bancorp/North Carolina^

    7,800      105,456

First BanCorp/Puerto Rico^

    53,800      129,658

First Commonwealth Financial Corp.

    60,100      403,271

First Community Bancshares, Inc./Virginia^

    14,400      178,128

First Financial Bancorp^

    32,800      583,512

First Financial Bankshares, Inc.^

    13,500      695,925

First Financial Corp./Indiana^

    7,900      228,784

First Merchants Corp.^

    18,600      129,456

First Midwest Bancorp, Inc./Illinois^

    47,300      640,915

First of Long Island Corp.^

    5,900      142,190

FirstMerit Corp.

    52,965      1,142,455

German American Bancorp, Inc.^

    9,600      145,248

Glacier Bancorp, Inc.^

    40,500      616,815

Great Southern Bancorp, Inc.

    7,500      168,300

Hampton Roads Bankshares, Inc.^

    19,500      30,420

Hancock Holding Co.^

    18,000      752,580

Harleysville National Corp.

    27,700      185,590

Heartland Financial USA, Inc.^

    16,530      263,984

Home Bancshares, Inc./Arkansas^

    13,714      362,598

IBERIABANK Corp.

    72,368    $ 4,342,804

Independent Bank Corp./Massachusetts^

    13,600      335,376

International Bancshares Corp.^

    33,400      767,866

Investors Bancorp, Inc.*

    32,200      425,040

Lakeland Bancorp, Inc.^

    10,800      95,580

Lakeland Financial Corp.^

    6,100      116,205

MainSource Financial Group, Inc.^

    10,800      72,684

MB Financial, Inc.^

    31,700      714,201

Merchants Bancshares, Inc.^

    6,900      149,799

Metro Bancorp, Inc.*

    10,300      141,831

Nara Bancorp, Inc.*^

    20,100      176,076

National Bankshares, Inc./Virginia^

    5,800      158,050

National Penn Bancshares, Inc.

    80,100      552,690

NBT Bancorp, Inc.

    22,900      523,265

Northfield Bancorp, Inc./New Jersey^

    13,300      192,584

Old National Bancorp/Indiana

    55,300      660,835

Old Second Bancorp, Inc.^

    23,500      154,865

Oriental Financial Group, Inc.^

    22,400      302,400

Orrstown Financial Services, Inc.

    3,800      96,406

Pacific Capital Bancorp N.A.*^

    21,700      39,277

Pacific Continental Corp.^

    16,800      176,400

PacWest Bancorp^

    18,400      419,888

Park National Corp.

    6,600      411,246

Peapack Gladstone Financial Corp.^

    13,545      212,792

Peoples Bancorp, Inc./Ohio

    5,800      95,584

Pinnacle Financial Partners, Inc.*^

    21,281      321,556

Premierwest Bancorp*^

    159,831      71,924

PrivateBancorp, Inc.

    34,018      466,047

Prosperity Bancshares, Inc.^

    30,900      1,266,900

Renasant Corp.^

    10,100      163,418

Republic Bancorp, Inc./Kentucky, Class A^

    6,400      120,576

S&T Bancorp, Inc.^

    13,201      275,901

Sandy Spring Bancorp, Inc.^

    8,700      130,500

Santander BanCorp*

    21,023      257,952

SCBT Financial Corp.^

    8,200      303,728

Shore Bancshares, Inc.

    4,700      66,975

Sierra Bancorp^

    6,500      83,785

Signature Bank/New York*

    26,500      981,825

Simmons First National Corp., Class A

    9,400      259,158

Smithtown Bancorp, Inc.^

    16,800      69,384

South Financial Group, Inc.

    103,400      71,480

Southside Bancshares, Inc.^

    11,445      246,869

Southwest Bancorp, Inc./Oklahoma

    7,800      64,506

State Bancorp, Inc./New York^

    8,500      66,895

StellarOne Corp.^

    11,000      147,070

Sterling Bancorp/New York^

    10,200      102,510

Sterling Bancshares, Inc./Texas^

    46,400      258,912

Suffolk Bancorp^

    4,500      138,195

Sun Bancorp, Inc./New Jersey*^

    13,125      51,712

Susquehanna Bancshares, Inc.^

    83,203      816,221

SVB Financial Group*^

    26,527      1,237,750

SY Bancorp, Inc.

    6,300      143,325

Texas Capital Bancshares, Inc.*

    20,700      393,093

Tompkins Financial Corp.^

    6,051      220,740

TowneBank/Virginia^

    9,800      136,808

Trico Bancshares^

    12,500      248,750

Trustmark Corp.^

    38,400      938,112

UMB Financial Corp.^

    20,400      828,240

Umpqua Holdings Corp.

    56,060      743,356

Union First Market Bankshares Corp.^

    14,300      215,930

United Bankshares, Inc.^

    22,200      582,084

 

See Notes to Portfolio of Investments.

122

EQ ADVISORS TRUST

EQ/ALLIANCEBERNSTEIN SMALL CAP GROWTH PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

United Community Banks, Inc./Georgia*

    51,992    $ 229,285

Univest Corp. of Pennsylvania^

    10,447      195,254

Washington Trust Bancorp, Inc.^

    10,300      191,992

Webster Financial Corp.^

    43,400      759,066

WesBanco, Inc.^

    16,600      269,916

West Bancorp, Inc.^

    21,800      143,444

Westamerica Bancorp

    19,100      1,101,115

Western Alliance Bancorp*

    27,500      156,475

Wilshire Bancorp, Inc.^

    16,500      181,995

Wintrust Financial Corp.^

    16,100      599,081

Yadkin Valley Financial Corp.

    6,400      27,520
         
        43,009,969
         

Consumer Finance (0.3%)

      

Advance America Cash Advance Centers, Inc.

    40,900      238,038

Cardtronics, Inc.*^

    20,200      253,914

Cash America International, Inc.^

    19,200      758,016

Credit Acceptance Corp.*

    5,000      206,200

Dollar Financial Corp.*

    15,100      363,306

EZCORP, Inc., Class A*

    30,300      624,180

First Cash Financial Services, Inc.*^

    15,400      332,178

First Marblehead Corp.*

    83,700      237,708

Nelnet, Inc., Class A

    16,800      311,808

World Acceptance Corp.*^

    8,500      306,680
         
        3,632,028
         

Diversified Financial Services (0.2%)

      

Asset Acceptance Capital Corp.*^

    18,300      115,473

Compass Diversified Holdings

    15,600      238,056

Encore Capital Group, Inc.*

    11,500      189,175

Life Partners Holdings, Inc.

    9,200      203,964

MarketAxess Holdings, Inc.

    20,100      316,173

Medallion Financial Corp.

    15,894      126,516

PHH Corp.*^

    36,400      857,948

PICO Holdings, Inc.*

    14,400      535,536

Portfolio Recovery Associates, Inc.*

    9,900      543,213

Primus Guaranty Ltd.*

    40,600      170,520
         
        3,296,574
         

Insurance (1.6%)

      

Ambac Financial Group, Inc.*^

    217,700      121,215

American Equity Investment Life Holding Co.^

    28,600      304,590

American Physicians Capital, Inc.^

    5,200      166,140

American Physicians Service Group, Inc.^

    6,900      172,500

American Safety Insurance Holdings Ltd.*

    7,900      131,061

AMERISAFE, Inc.*^

    8,900      145,693

Amtrust Financial Services, Inc.^

    14,800      206,460

Argo Group International Holdings Ltd.

    19,900      648,541

Assured Guaranty Ltd.^

    79,465      1,745,846

Baldwin & Lyons, Inc., Class B

    6,487      156,272

Citizens, Inc./Texas*

    17,600      121,616

CNA Surety Corp.*^

    7,900      140,541

Conseco, Inc.*^

    161,400      1,003,908

Crawford & Co., Class B*^

    38,900      158,323

Delphi Financial Group, Inc., Class A

    28,405      714,670

Donegal Group, Inc., Class A^

    11,200      162,512

eHealth, Inc.*^

    16,600      261,450

EMC Insurance Group, Inc.^

    6,062      136,516

Employers Holdings, Inc.

    30,900      458,865

Enstar Group, Ltd.*

    4,450      307,762

FBL Financial Group, Inc., Class A^

    8,200      200,736

First Acceptance Corp.*^

    36,158    $ 73,762

First Mercury Financial Corp.^

    10,000      130,300

Flagstone Reinsurance Holdings Ltd.^

    31,354      359,317

FPIC Insurance Group, Inc.*^

    5,700      154,527

Greenlight Capital Reinsurance Ltd., Class A*^

    16,866      449,985

Harleysville Group, Inc.^

    8,800      297,088

Hilltop Holdings, Inc.*

    24,641      289,532

Horace Mann Educators Corp.

    19,200      289,152

Independence Holding Co.

    9,227      87,564

Infinity Property & Casualty Corp.

    9,300      422,592

Kansas City Life Insurance Co.^

    6,200      195,796

Maiden Holdings Ltd.

    25,900      191,401

Max Capital Group Ltd.

    29,200      671,308

Meadowbrook Insurance Group, Inc.^

    38,500      304,150

Montpelier Reinsurance Holdings Ltd.^

    61,700      1,037,177

National Financial Partners Corp.*

    33,435      471,434

National Interstate Corp.^

    10,000      207,100

National Western Life Insurance Co., Class A

    1,200      221,220

Navigators Group, Inc.*

    7,600      298,908

Phoenix Cos., Inc.*^

    69,800      168,916

Platinum Underwriters Holdings Ltd.

    35,000      1,297,800

PMA Capital Corp., Class A*

    22,200      136,308

Presidential Life Corp.

    13,900      138,583

ProAssurance Corp.*

    20,600      1,205,924

RLI Corp.^

    12,000      684,240

Safety Insurance Group, Inc.

    10,100      380,467

SeaBright Insurance Holdings, Inc.^

    22,500      247,725

Selective Insurance Group, Inc.

    31,300      519,580

State Auto Financial Corp.

    6,700      120,265

Stewart Information Services Corp.^

    11,400      157,320

Tower Group, Inc.

    27,126      601,383

United America Indemnity Ltd., Class A*

    23,100      221,067

United Fire & Casualty Co.

    14,600      262,654

Universal Insurance Holdings, Inc.^

    30,200      152,812

Zenith National Insurance Corp.

    24,900      954,168
         
        20,866,742
         

Real Estate Investment Trusts (REITs) (3.1%)

      

Acadia Realty Trust (REIT)^

    25,986      464,110

Agree Realty Corp. (REIT)

    7,178      164,089

Alexander’s, Inc. (REIT)*^

    1,300      388,869

American Campus Communities, Inc. (REIT)

    33,900      937,674

American Capital Agency Corp. (REIT)

    10,416      266,650

Anworth Mortgage Asset Corp. (REIT)^

    64,400      434,056

Ashford Hospitality Trust, Inc. (REIT)*^

    36,700      263,139

Associated Estates Realty Corp. (REIT)

    13,400      184,786

BioMed Realty Trust, Inc. (REIT)^

    63,700      1,053,598

CapLease, Inc. (REIT)^

    47,000      260,850

Capstead Mortgage Corp. (REIT)

    39,500      472,420

CBL & Associates Properties, Inc. (REIT)^

    84,690      1,160,253

Cedar Shopping Centers, Inc. (REIT)

    23,500      185,885

Cogdell Spencer, Inc. (REIT)

    33,400      247,160

Colonial Properties Trust (REIT)

    42,000      540,960

Colony Financial, Inc. (REIT)

    9,234      184,680

Cousins Properties, Inc. (REIT)

    47,135      391,692

 

See Notes to Portfolio of Investments.

123

EQ ADVISORS TRUST

EQ/ALLIANCEBERNSTEIN SMALL CAP GROWTH PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Cypress Sharpridge Investments, Inc. (REIT)

    12,100    $ 161,898

DCT Industrial Trust, Inc. (REIT)^

    130,300      681,469

Developers Diversified Realty Corp. (REIT)^

    132,192      1,608,777

DiamondRock Hospitality Co. (REIT)*^

    72,728      735,280

DuPont Fabros Technology, Inc. (REIT)

    20,600      444,754

EastGroup Properties, Inc. (REIT)^

    16,900      637,806

Education Realty Trust, Inc. (REIT)

    36,600      210,084

Entertainment Properties Trust (REIT)^

    26,978      1,109,605

Equity Lifestyle Properties, Inc. (REIT)

    16,300      878,244

Equity One, Inc. (REIT)

    23,700      447,693

Extra Space Storage, Inc. (REIT)

    50,200      636,536

FelCor Lodging Trust, Inc. (REIT)*

    41,240      235,068

First Industrial Realty Trust, Inc. (REIT)*

    36,300      281,688

First Potomac Realty Trust (REIT)^

    28,707      431,466

Franklin Street Properties Corp. (REIT)^

    42,300      610,389

Getty Realty Corp. (REIT)^

    8,200      191,880

Glimcher Realty Trust (REIT)

    33,000      167,310

Government Properties Income Trust (REIT)^

    7,300      189,873

Gramercy Capital Corp./New York (REIT)*

    5,000      13,950

Hatteras Financial Corp. (REIT)^

    24,200      623,634

Healthcare Realty Trust, Inc. (REIT)

    38,900      905,981

Hersha Hospitality Trust (REIT)

    44,929      232,732

Highwoods Properties, Inc. (REIT)^

    47,400      1,504,002

Home Properties, Inc. (REIT)^

    20,400      954,720

Inland Real Estate Corp. (REIT)

    47,500      434,625

Invesco Mortgage Capital, Inc. (REIT)

    7,900      181,700

Investors Real Estate Trust (REIT)^

    46,300      417,626

iStar Financial, Inc. (REIT)*^

    66,700      306,153

Kilroy Realty Corp. (REIT)^

    27,500      848,100

Kite Realty Group Trust (REIT)^

    53,200      251,636

LaSalle Hotel Properties (REIT)^

    41,000      955,300

Lexington Realty Trust (REIT)^

    63,545      413,678

LTC Properties, Inc. (REIT)

    15,000      405,900

Medical Properties Trust, Inc. (REIT)

    53,668      562,441

MFA Financial, Inc. (REIT)

    178,290      1,312,214

Mid-America Apartment Communities, Inc. (REIT)

    17,000      880,430

Mission West Properties, Inc. (REIT)

    18,245      125,525

Monmouth Real Estate Investment Corp. (REIT), Class A^

    24,500      206,045

National Health Investors, Inc. (REIT)^

    17,400      674,424

National Retail Properties, Inc. (REIT)^

    51,700      1,180,311

NorthStar Realty Finance Corp. (REIT)

    56,900      239,549

Omega Healthcare Investors, Inc. (REIT)

    54,000      1,052,460

Parkway Properties, Inc./Maryland (REIT)^

    14,169      266,094

Pebblebrook Hotel Trust (REIT)*

    12,028      252,949

Pennsylvania Real Estate Investment Trust (REIT)^

    24,600      306,762

Pennymac Mortgage Investment Trust (REIT)*

    9,300    $ 154,473

Post Properties, Inc. (REIT)^

    27,600      607,752

Potlatch Corp. (REIT)

    26,100      914,544

PS Business Parks, Inc. (REIT)

    11,400      608,760

RAIT Financial Trust (REIT)*^

    63,100      124,938

Ramco-Gershenson Properties Trust (REIT)^

    18,200      204,932

Redwood Trust, Inc. (REIT)^

    51,900      800,298

Resource Capital Corp. (REIT)

    2,200      14,872

Saul Centers, Inc. (REIT)

    5,200      215,280

Sovran Self Storage, Inc. (REIT)^

    17,400      606,564

Strategic Hotels & Resorts, Inc. (REIT)*^

    84,800      360,400

Sun Communities, Inc. (REIT)^

    10,700      269,640

Sunstone Hotel Investors, Inc. (REIT)*

    62,263      695,478

Tanger Factory Outlet Centers (REIT)^

    24,600      1,061,736

Universal Health Realty Income Trust (REIT)

    5,500      194,370

Urstadt Biddle Properties, Inc. (REIT), Class A^

    9,800      154,938

U-Store-It Trust (REIT)

    50,700      365,040

Walter Investment Management Corp. (REIT)

    11,900      190,400

Washington Real Estate Investment Trust (REIT)^

    37,800      1,154,790
         
        41,468,837
         

Real Estate Management & Development (0.1%)

      

Consolidated-Tomoka Land Co.^

    2,900      91,379

Forestar Group, Inc.*^

    24,000      453,120

Tejon Ranch Co.*^

    7,900      241,108
         
        785,607
         

Thrifts & Mortgage Finance (0.8%)

      

Abington Bancorp, Inc.^

    21,300      168,270

Astoria Financial Corp.^

    57,300      830,850

Bank Mutual Corp.

    31,300      203,450

BankFinancial Corp.

    17,900      164,143

Beneficial Mutual Bancorp, Inc.*^

    15,400      145,992

Berkshire Hills Bancorp, Inc.^

    9,200      168,636

Brookline Bancorp, Inc.

    31,834      338,714

Brooklyn Federal Bancorp, Inc.

    6,600      55,440

Clifton Savings Bancorp, Inc.

    12,400      114,948

Dime Community Bancshares, Inc.^

    16,700      210,921

ESB Financial Corp.

    10,100      130,189

ESSA Bancorp, Inc.^

    13,300      166,782

First Financial Holdings, Inc.^

    6,800      102,408

First Financial Northwest, Inc.^

    11,800      80,594

Flagstar Bancorp, Inc.*

    159,300      95,580

Flushing Financial Corp.^

    12,100      153,186

Fox Chase Bancorp, Inc.*^

    7,700      83,237

Home Federal Bancorp, Inc./Idaho^

    9,600      139,296

Kearny Financial Corp.^

    12,250      127,767

K-Fed Bancorp

    15,800      140,936

MGIC Investment Corp.*^

    83,800      919,286

NASB Financial, Inc.^

    7,900      182,648

NewAlliance Bancshares, Inc.^

    71,700      904,854

Northwest Bancshares, Inc.

    18,000      211,320

OceanFirst Financial Corp.^

    23,600      268,096

Ocwen Financial Corp.*^

    36,400      403,676

Oritani Financial Corp.^

    10,246      164,653

PMI Group, Inc.*^

    38,700      209,754

Provident Financial Services, Inc.

    36,100      429,590

 

See Notes to Portfolio of Investments.

124

EQ ADVISORS TRUST

EQ/ALLIANCEBERNSTEIN SMALL CAP GROWTH PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Provident New York Bancorp

    18,900    $ 179,172

Prudential Bancorp, Inc.

      

of Pennsylvania^

    11,800      99,592

Radian Group, Inc.^

    61,100      955,604

Rockville Financial, Inc

    8,200      99,958

Roma Financial Corp.^

    9,400      117,876

Territorial Bancorp, Inc

    9,900      188,397

TrustCo Bank Corp. NY/New York

    50,000      308,500

United Financial Bancorp, Inc.

    11,100      155,178

ViewPoint Financial Group

    12,200      197,762

Westfield Financial, Inc.

    14,900      136,931

WSFS Financial Corp.^

    3,900      152,100
         
        9,906,286
         

Total Financials

         178,500,194
         

Health Care (16.8%)

      

Biotechnology (5.0%)

      

Acorda Therapeutics, Inc.*^

    23,600      807,120

Affymax, Inc.*^

    11,200      262,416

Alexion Pharmaceuticals, Inc.*

    126,970      6,903,359

Alkermes, Inc.*

    62,000      804,140

Allos Therapeutics, Inc.*

    38,200      283,826

Alnylam Pharmaceuticals, Inc.*^

    20,900      355,718

AMAG Pharmaceuticals, Inc.*^

    11,053      385,860

Amicus Therapeutics, Inc.*

    10,200      32,538

Arena Pharmaceuticals, Inc.*^

    53,600      166,160

ARIAD Pharmaceuticals, Inc.*^

    59,500      202,300

ArQule, Inc.*^

    30,200      173,952

Array BioPharma, Inc.*^

    29,100      79,734

BioCryst Pharmaceuticals, Inc.*^

    17,500      114,975

Celera Corp.*

    50,800      360,680

Cell Therapeutics, Inc.*^

    309,300      167,238

Celldex Therapeutics, Inc.*

    12,900      79,206

Cepheid, Inc.*^

    37,200      650,256

Clinical Data, Inc.*^

    11,400      221,160

Cubist Pharmaceuticals, Inc.*

    36,400      820,456

Cytokinetics, Inc.*

    34,200      109,440

Cytori Therapeutics, Inc.*

    28,800      131,328

Dendreon Corp.*

    144,720      5,277,938

Dyax Corp.*

    42,600      145,266

Emergent Biosolutions, Inc.*

    10,500      176,295

Enzon Pharmaceuticals, Inc.*

    21,100      214,798

Exelixis, Inc.*^

    65,800      399,406

Facet Biotech Corp.*^

    13,060      352,489

Genomic Health, Inc.*^

    6,600      116,094

Geron Corp.*

    56,900      323,192

GTx, Inc.*

    16,800      56,112

Halozyme Therapeutics, Inc.*

    39,500      315,605

Hemispherx Biopharma, Inc.*

    74,100      54,834

Human Genome Sciences, Inc.#*^

    326,173      9,850,425

Idera Pharmaceuticals, Inc.*

    14,100      87,561

Immunogen, Inc.*^

    34,200      276,678

Immunomedics, Inc.*

    58,400      193,888

Incyte Corp.*^

    306,915      4,284,533

Insmed, Inc.*

    83,700      98,766

InterMune, Inc.*

    64,210      2,861,840

Isis Pharmaceuticals, Inc.*^

    59,600      650,832

Lexicon Pharmaceuticals, Inc.*^

    73,300      108,484

Ligand Pharmaceuticals, Inc., Class B*

    75,900      132,825

MannKind Corp.*^

    33,455      219,465

Martek Biosciences Corp.*^

    19,900      447,949

Maxygen, Inc.*

    18,000      118,260

Medivation, Inc.*

    16,800      176,232

Metabolix, Inc.*^

    11,700      142,506

Micromet, Inc.*

    33,000      266,640

Molecular Insight Pharmaceuticals, Inc.*^

    800    $ 1,048

Momenta Pharmaceuticals, Inc.*

    25,300      378,741

Myriad Pharmaceuticals, Inc.*

    14,738      66,616

Novavax, Inc.*^

    60,400      139,524

NPS Pharmaceuticals, Inc.*

    31,800      160,272

OncoGenex Pharmaceutical, Inc.*

    5,300      108,809

Onyx Pharmaceuticals, Inc.*

    186,610      5,650,551

Opko Health, Inc.*^

    73,800      146,124

Orexigen Therapeutics, Inc.*

    21,300      125,457

OSI Pharmaceuticals, Inc.*

    29,800      1,774,590

PDL BioPharma, Inc.^

    79,300      492,453

Pharmasset, Inc.*^

    14,400      385,920

Protalix BioTherapeutics, Inc.*^

    22,000      144,320

Regeneron Pharmaceuticals, Inc.*

    161,280      4,272,307

Rigel Pharmaceuticals, Inc.*

    31,600      251,852

Sangamo BioSciences, Inc.*^

    29,300      158,806

Savient Pharmaceuticals, Inc.*^

    39,600      572,220

Seattle Genetics, Inc.*

    222,620      2,658,083

SIGA Technologies, Inc.*^

    19,900      131,937

Spectrum Pharmaceuticals, Inc.*

    24,700      113,867

StemCells, Inc.*^

    92,700      107,532

Synta Pharmaceuticals Corp.*

    47,400      204,294

Theravance, Inc.*^

    30,400      404,928

United Therapeutics Corp.*^

    110,400      6,108,432

Vanda Pharmaceuticals, Inc.*

    17,800      205,412

ZymoGenetics, Inc.*

    33,600      192,528
         
        65,417,398
         

Health Care Equipment & Supplies (4.2%)

      

Abaxis, Inc.*^

    14,700      399,693

ABIOMED, Inc.*^

    17,100      176,643

Accuray, Inc.*^

    23,200      141,288

AGA Medical Holdings, Inc.*

    13,600      221,000

Align Technology, Inc.*

    205,900      3,982,106

Alphatec Holdings, Inc.*

    37,100      236,327

American Medical Systems Holdings, Inc.*^

    48,800      906,704

Analogic Corp.^

    8,700      371,751

AngioDynamics, Inc.*

    11,400      178,068

Atrion Corp.^

    1,200      171,648

ATS Medical, Inc.*^

    48,700      126,620

Bovie Medical Corp.*^

    16,500      103,125

Cantel Medical Corp.

    10,300      204,455

Cardiac Science Corp.*

    16,900      31,603

Conceptus, Inc.*^

    19,600      391,216

CONMED Corp.*

    18,600      442,866

CryoLife, Inc.*^

    17,100      110,637

Cyberonics, Inc.*^

    18,300      350,628

DexCom, Inc.*

    26,500      257,845

Electro-Optical Sciences, Inc.*^

    16,100      119,462

Endologix, Inc.*^

    46,600      188,264

ev3, Inc.*

    44,000      697,840

Exactech, Inc.*

    6,800      142,596

Greatbatch, Inc.*

    15,100      319,969

Haemonetics Corp.*

    16,500      942,975

HeartWare International, Inc.*

    6,100      271,267

ICU Medical, Inc.*^

    7,600      261,820

Immucor, Inc.*

    43,700      978,443

Insulet Corp.*

    17,400      262,566

Integra LifeSciences Holdings Corp.*^

    11,600      508,428

Invacare Corp.^

    20,100      533,454

IRIS International, Inc.*

    10,400      106,184

Kensey Nash Corp.*^

    5,800      136,822

MAKO Surgical Corp.*^

    16,200      218,376

 

See Notes to Portfolio of Investments.

125

EQ ADVISORS TRUST

EQ/ALLIANCEBERNSTEIN SMALL CAP GROWTH PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Masimo Corp.^

    220,270    $ 5,848,169

Medical Action Industries, Inc.*^

    13,200      161,964

Meridian Bioscience, Inc.^

    26,900      547,953

Merit Medical Systems, Inc.*

    17,900      272,975

Micrus Endovascular Corp.*

    16,100      317,492

Natus Medical, Inc.*^

    18,100      287,971

Neogen Corp.*^

    10,200      256,020

NuVasive, Inc.*^

    129,570      5,856,564

NxStage Medical, Inc.*^

    32,100      367,545

OraSure Technologies, Inc.*^

    33,600      199,248

Orthofix International N.V.*^

    8,900      323,782

Orthovita, Inc.*^

    43,000      183,180

Palomar Medical Technologies, Inc.*^

    12,100      131,406

Quidel Corp.*^

    17,000      247,180

ResMed, Inc.*^

    135,110      8,599,751

Rochester Medical Corp.*

    11,000      141,020

RTI Biologics, Inc.*

    36,200      156,746

Sirona Dental Systems, Inc.*^

    47,300      1,798,819

Somanetics Corp.*^

    7,100      135,894

SonoSite, Inc.*

    7,900      253,669

Spectranetics Corp.*^

    36,900      254,979

Stereotaxis, Inc.*^

    24,000      120,240

STERIS Corp.^

    38,700      1,302,642

SurModics, Inc.*^

    7,300      152,862

Symmetry Medical, Inc.*

    23,800      238,952

Synovis Life Technologies, Inc.*

    7,400      114,922

Thoratec Corp.*^

    36,000      1,204,200

TomoTherapy, Inc.*

    3,500      11,935

Vascular Solutions, Inc.*^

    17,600      158,224

Volcano Corp.*^

    377,180      9,112,669

West Pharmaceutical Services, Inc.^

    21,900      918,705

Wright Medical Group, Inc.*^

    23,600      419,372

Young Innovations, Inc.

    7,000      197,120

Zoll Medical Corp.*

    14,100      371,676
         
        55,158,535
         

Health Care Providers & Services (3.7%)

      

Air Methods Corp.*^

    7,000      238,000

Alliance HealthCare Services, Inc.*^

    28,100      157,922

Almost Family, Inc.*

    4,600      173,374

Amedisys, Inc.*^

    17,900      988,438

America Service Group, Inc.

    10,400      167,336

American Dental Partners, Inc.*^

    13,800      180,090

AMERIGROUP Corp.*

    34,600      1,150,104

AMN Healthcare Services, Inc.*

    19,500      171,600

Amsurg Corp.*

    17,416      376,011

Assisted Living Concepts, Inc., Class A*^

    5,680      186,531

Bio-Reference Labs, Inc.*^

    7,900      347,363

BioScrip, Inc.*^

    28,500      227,430

CardioNet, Inc.*^

    15,855      121,291

Catalyst Health Solutions, Inc.*

    24,500      1,013,810

Centene Corp.*

    29,800      716,392

Chemed Corp.^

    14,500      788,510

Chindex International, Inc.*^

    13,100      154,711

Clarient, Inc.*

    39,600      103,752

Continuecare Corp.*^

    700      2,590

Corvel Corp.*

    5,900      210,925

Cross Country Healthcare, Inc.*

    17,000      171,870

Emergency Medical Services Corp., Class A*

    174,594      9,873,291

Emeritus Corp.*^

    15,191      309,137

Ensign Group, Inc.^

    7,300      126,509

Genoptix, Inc.*^

    9,650      342,479

Gentiva Health Services, Inc.*^

    19,400      548,632

Hanger Orthopedic Group, Inc.*

    20,000      363,600

HealthSouth Corp.*^

    59,100    $ 1,105,170

Healthspring, Inc.*

    32,100      564,960

Healthways, Inc.*

    22,800      366,396

HMS Holdings Corp.*

    185,900      9,479,041

inVentiv Health, Inc.*

    21,500      482,890

IPC The Hospitalist Co., Inc.*

    10,800      379,188

Kindred Healthcare, Inc.*^

    26,100      471,105

Landauer, Inc.

    6,233      406,516

LHC Group, Inc.*^

    9,600      321,888

Magellan Health Services, Inc.*

    185,200      8,052,496

MedCath Corp.*^

    13,300      139,251

Molina Healthcare, Inc.*^

    6,800      171,156

MWI Veterinary Supply, Inc.*^

    7,200      290,880

National Healthcare Corp.^

    5,900      208,742

National Research Corp.

    3,600      91,152

Nighthawk Radiology Holdings, Inc.*

    23,350      74,253

Odyssey HealthCare, Inc.*

    21,500      389,365

Owens & Minor, Inc.#

    26,500      1,229,335

PharMerica Corp.*

    19,300      351,646

Providence Service Corp.*

    1,000      15,190

PSS World Medical, Inc.*^

    39,700      933,347

Psychiatric Solutions, Inc.*

    37,200      1,108,560

RadNet, Inc.*

    34,900      110,982

RehabCare Group, Inc.*^

    15,800      430,866

Res-Care, Inc.*

    16,900      202,631

Select Medical Holdings Corp.*^

    21,619      182,464

Skilled Healthcare Group, Inc., Class A*^

    15,990      98,658

Sun Healthcare Group, Inc.*

    29,200      278,568

Sunrise Senior Living, Inc.*

    12,900      66,048

Triple-S Management Corp., Class B*^

    11,700      207,675

U.S. Physical Therapy, Inc.*

    8,500      147,900

Universal American Corp.*

    17,100      263,340

Virtual Radiologic Corp.*

    12,900      141,900

WellCare Health Plans, Inc.*

    28,300      843,340
         
        48,818,597
         

Health Care Technology (1.0%)

      

athenahealth, Inc.*^

    22,450      820,772

Computer Programs & Systems, Inc.^

    6,500      254,020

Eclipsys Corp.*

    35,323      702,221

MedAssets, Inc.*^

    311,020      6,531,420

Medidata Solutions, Inc.*^

    9,300      141,360

MedQuist, Inc.^

    24,300      189,783

Merge Healthcare, Inc.*

    37,800      78,246

Omnicell, Inc.*^

    14,700      206,241

Phase Forward, Inc.*

    28,910      377,854

Quality Systems, Inc.^

    15,800      970,752

SXC Health Solutions Corp.*

    38,800      2,610,464

Vital Images, Inc.*

    8,700      140,679
         
        13,023,812
         

Life Sciences Tools & Services (0.9%)

      

Affymetrix, Inc.*^

    48,000      352,320

Albany Molecular Research, Inc.*^

    20,300      169,505

Bruker Corp.*

    32,700      479,055

Cambrex Corp.*^

    26,300      106,515

Dionex Corp.*

    11,900      889,882

Enzo Biochem, Inc.*^

    32,500      195,650

eResearchTechnology, Inc.*^

    27,400      189,334

Kendle International, Inc.*

    6,100      106,628

Luminex Corp.*

    28,500      479,655

PAREXEL International Corp.*

    36,777      857,272

QIAGEN N.V.*^

    333,010      7,655,900

Sequenom, Inc.*^

    40,000      252,400

 

See Notes to Portfolio of Investments.

126

EQ ADVISORS TRUST

EQ/ALLIANCEBERNSTEIN SMALL CAP GROWTH PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Varian, Inc.*

    19,200    $ 994,176
         
        12,728,292
         

Pharmaceuticals (2.0%)

      

Acura Pharmaceuticals, Inc.*

    17,404      93,808

Adolor Corp.*^

    42,700      76,860

Akorn, Inc.*^

    63,800      97,614

Ardea Biosciences, Inc.*

    8,100      147,906

Auxilium Pharmaceuticals, Inc.*^

    30,200      941,032

AVANIR Pharmaceuticals, Inc., Class A*^

    74,100      171,912

Biodel, Inc.*^

    1,500      6,405

BioMimetic Therapeutics, Inc.*^

    10,300      135,445

BMP Sunstone Corp.*

    17,600      89,056

Cadence Pharmaceuticals, Inc.*^

    15,700      143,341

Caraco Pharmaceutical Laboratories Ltd.*

    19,400      116,206

Cornerstone Therapeutics, Inc.*^

    12,900      81,915

Cumberland Pharmaceuticals, Inc.*^

    11,300      118,989

Cypress Bioscience, Inc.*^

    17,700      86,730

Depomed, Inc.*^

    45,000      159,750

Discovery Laboratories, Inc.*

    78,100      40,612

Durect Corp.*

    59,736      179,805

Hi-Tech Pharmacal Co., Inc.*^

    9,000      199,260

Impax Laboratories, Inc.*

    40,600      725,928

Inspire Pharmaceuticals, Inc.*^

    38,932      242,936

Ironwood Pharmaceuticals, Inc.*

    159,100      2,151,032

ISTA Pharmaceuticals, Inc.*

    35,700      145,299

Javelin Pharmaceuticals, Inc.*

    2,000      2,580

KV Pharmaceutical Co., Class A*

    56,400      99,264

Lannett Co., Inc.*

    24,100      102,425

MAP Pharmaceuticals, Inc.*^

    11,500      182,735

Medicines Co.*

    31,500      246,960

Medicis Pharmaceutical Corp., Class A

    302,700      7,615,932

Nektar Therapeutics*^

    242,500      3,688,425

Obagi Medical Products, Inc.*

    15,000      182,700

Optimer Pharmaceuticals, Inc.*^

    18,600      228,408

Pain Therapeutics, Inc.*

    21,400      134,178

Par Pharmaceutical Cos., Inc.*

    22,400      555,520

Pozen, Inc.*

    16,400      157,112

Questcor Pharmaceuticals, Inc.*^

    41,400      340,722

Salix Pharmaceuticals Ltd.*

    138,100      5,144,225

Santarus, Inc.*

    51,800      278,684

Sucampo Pharmaceuticals, Inc., Class A*^

    21,600      77,112

ViroPharma, Inc.*

    51,100      696,493

Vivus, Inc.*^

    44,900      391,528

XenoPort, Inc.*^

    19,800      183,348
         
        26,460,192
         

Total Health Care

         221,606,826
         

Industrials (15.9%)

      

Aerospace & Defense (1.4%)

      

AAR Corp.*^

    24,500      608,090

Aerovironment, Inc.*

    7,000      182,770

American Science & Engineering, Inc.

    6,082      455,663

Applied Signal Technology, Inc.

    6,000      117,480

Argon ST, Inc.*^

    6,100      162,321

Ascent Solar Technologies, Inc.*^

    1,000      3,850

Ceradyne, Inc.*

    16,600      376,654

Cubic Corp.

    12,600      453,600

Curtiss-Wright Corp.

    29,400      1,023,120

DigitalGlobe, Inc.*

    9,900      276,705

Ducommun, Inc.^

    8,200      172,282

DynCorp International, Inc., Class A*

    16,600      190,734

Esterline Technologies Corp.*

    21,300    $ 1,052,859

GenCorp, Inc.*^

    31,800      183,168

GeoEye, Inc.*

    12,400      365,800

HEICO Corp.

    15,500      799,180

Herley Industries, Inc.*^

    9,300      136,338

Hexcel Corp.*

    572,640      8,268,922

Ladish Co., Inc.*^

    10,100      203,616

Moog, Inc., Class A*^

    27,700      981,134

Orbital Sciences Corp.*^

    39,400      748,994

Stanley, Inc.*

    10,050      284,314

Taser International, Inc.*^

    32,100      188,106

Teledyne Technologies, Inc.*

    22,400      924,448

Triumph Group, Inc.

    9,900      693,891
         
        18,854,039
         

Air Freight & Logistics (0.2%)

      

Atlas Air Worldwide Holdings, Inc.*

    13,400      710,870

Forward Air Corp.^

    18,500      486,550

Hub Group, Inc., Class A*^

    21,600      604,368

Pacer International, Inc.*^

    41,860      251,997
         
        2,053,785
         

Airlines (0.5%)

      

AirTran Holdings, Inc.*^

    73,200      371,856

Alaska Air Group, Inc.*

    26,400      1,088,472

Allegiant Travel Co.*^

    10,190      589,593

Hawaiian Holdings, Inc.*^

    28,300      208,571

JetBlue Airways Corp.*^

    154,200      860,436

Republic Airways Holdings, Inc.*

    22,100      130,832

SkyWest, Inc.

    34,100      486,948

U.S. Airways Group, Inc.*^

    103,400      759,990

UAL Corp.*

    109,200      2,134,860
         
        6,631,558
         

Building Products (0.7%)

      

AAON, Inc.^

    8,700      196,794

American Woodmark Corp.^

    6,900      133,791

Ameron International Corp.^

    6,000      377,340

Apogee Enterprises, Inc.^

    14,500      229,245

Builders FirstSource, Inc.*

    36,400      114,660

Gibraltar Industries, Inc.*

    17,300      218,153

Griffon Corp.*

    26,400      328,944

Insteel Industries, Inc.^

    14,800      158,212

NCI Building Systems, Inc.*

    5,980      66,019

Quanex Building Products Corp.^

    25,200      416,556

Simpson Manufacturing Co., Inc.

    223,480      6,203,805

Trex Co., Inc.*

    10,900      232,061

Universal Forest Products, Inc.

    14,900      573,948
         
        9,249,528
         

Commercial Services & Supplies (1.1%)

      

ABM Industries, Inc.^

    31,100      659,320

ACCO Brands Corp.*^

    29,400      225,204

American Reprographics Co.*

    22,700      203,619

Amrep Corp.*

    3,800      55,214

APAC Customer Services, Inc.*

    32,200      185,150

ATC Technology Corp.*

    10,600      181,896

Bowne & Co., Inc.^

    21,745      242,674

Cenveo, Inc.*

    40,000      346,400

Clean Harbors, Inc.*^

    12,807      711,557

Consolidated Graphics, Inc.*

    6,700      277,447

Cornell Cos., Inc.*

    7,200      131,832

Courier Corp.^

    7,000      115,570

Deluxe Corp.

    33,300      646,686

EnergySolutions, Inc.

    50,600      325,358

EnerNOC, Inc.*^

    9,300      276,024

Ennis, Inc.

    13,300      216,391

Fuel Tech, Inc.*

    21,300      170,826

 

See Notes to Portfolio of Investments.

127

EQ ADVISORS TRUST

EQ/ALLIANCEBERNSTEIN SMALL CAP GROWTH PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

G&K Services, Inc., Class A

    9,300    $ 240,684

GEO Group, Inc.*^

    34,200      677,844

Healthcare Services Group, Inc.^

    25,200      564,228

Herman Miller, Inc.^

    34,000      614,040

HNI Corp.

    29,300      780,259

Innerworkings, Inc.*

    20,100      104,520

Interface, Inc., Class A

    30,300      350,874

Kimball International, Inc., Class B

    20,800      144,560

Knoll, Inc.^

    22,800      256,500

M&F Worldwide Corp.*

    6,800      208,080

McGrath RentCorp

    15,500      375,565

Mine Safety Appliances Co.^

    18,800      525,648

Mobile Mini, Inc.*^

    22,500      348,525

Multi-Color Corp.^

    7,100      85,058

Rollins, Inc.^

    29,400      637,392

Schawk, Inc.

    13,900      252,007

Standard Parking Corp.*

    7,231      118,733

Standard Register Co.^

    18,300      97,905

Steelcase, Inc., Class A^

    47,800      309,266

Sykes Enterprises, Inc.*

    24,228      553,368

Team, Inc.*

    18,000      298,620

Tetra Tech, Inc.#*

    38,900      896,256

U.S. Ecology, Inc.

    12,200      196,420

United Stationers, Inc.*

    15,245      897,168

Viad Corp.^

    9,800      201,390

Waste Services, Inc.*

    16,500      163,185
         
        14,869,263
         

Construction & Engineering (0.4%)

      

Argan, Inc.*^

    12,000      156,000

Comfort Systems USA, Inc.

    18,900      236,061

Dycom Industries, Inc.*

    22,700      199,079

EMCOR Group, Inc.*

    44,700      1,100,961

Furmanite Corp.*

    21,300      110,547

Granite Construction, Inc.^

    21,800      658,796

Great Lakes Dredge & Dock Corp.

    29,600      155,400

Insituform Technologies, Inc., Class A*^

    25,200      670,572

Integrated Electrical Services, Inc.*

    9,300      52,545

Layne Christensen Co.*

    13,000      347,230

MasTec, Inc.*^

    34,900      440,089

Michael Baker Corp.*^

    4,800      165,504

MYR Group, Inc.*

    11,500      187,565

Northwest Pipe Co.*

    6,000      131,100

Orion Marine Group, Inc.*

    17,100      308,655

Pike Electric Corp.*

    20,700      192,924

Primoris Services Corp.

    21,200      164,088

Sterling Construction Co., Inc.*

    9,900      155,628

Tutor Perini Corp.*^

    17,200      374,100
         
        5,806,844
         

Electrical Equipment (2.6%)

      

A. O. Smith Corp.

    12,600      662,382

Acuity Brands, Inc.^

    27,400      1,156,554

Advanced Battery Technologies, Inc.*

    41,200      160,680

American Superconductor Corp.*^

    30,000      867,000

AMETEK, Inc.

    215,920      8,952,043

AZZ, Inc.^

    7,900      267,415

Baldor Electric Co.^

    306,140      11,449,636

Belden, Inc.^

    28,200      774,372

Brady Corp., Class A^

    33,300      1,036,296

Broadwind Energy, Inc.*

    21,000      93,870

China BAK Battery, Inc.*^

    50,900      122,669

Encore Wire Corp.^

    12,200      253,760

Ener1, Inc.*^

    30,676      145,097

Energy Conversion Devices, Inc.*^

    29,400      230,202

EnerSys*

    27,000    $ 665,820

Evergreen Solar, Inc.*^

    94,900      107,237

Franklin Electric Co., Inc.

    14,400      431,856

FuelCell Energy, Inc.*

    66,623      187,877

GrafTech International Ltd.*^

    77,700      1,062,159

GT Solar International, Inc.*^

    27,378      143,187

Harbin Electric, Inc.*^

    11,500      248,285

II-VI, Inc.*

    16,000      541,440

LaBarge, Inc.*^

    10,800      119,340

LSI Industries, Inc.

    16,200      110,484

Microvision, Inc.*^

    68,100      192,042

Orion Energy Systems, Inc.*^

    1,500      7,350

Polypore International, Inc.*

    14,123      246,588

Powell Industries, Inc.*

    4,200      136,626

PowerSecure International, Inc.*

    1,000      7,880

Preformed Line Products Co.

    4,298      163,969

Regal-Beloit Corp.

    23,300      1,384,253

SatCon Technology Corp.*

    74,500      181,035

Valence Technology, Inc.*^

    82,830      70,405

Vicor Corp.*^

    21,594      298,213

Woodward Governor Co.

    40,400      1,291,992
         
        33,770,014
         

Industrial Conglomerates (0.1%)

      

Otter Tail Corp.

    25,300      555,588

Raven Industries, Inc.^

    10,400      306,696

Seaboard Corp.

    200      259,820

Standex International Corp.

    6,900      177,813

Tredegar Corp.

    19,800      338,184

United Capital Corp.*^

    5,000      118,600
         
        1,756,701
         

Machinery (5.6%)

      

3D Systems Corp.*

    15,400      210,210

Actuant Corp., Class A^

    421,400      8,238,370

Alamo Group, Inc.

    7,500      149,925

Albany International Corp., Class A^

    16,700      359,551

Altra Holdings, Inc.*^

    16,800      230,664

American Railcar Industries, Inc.

    16,300      198,208

Ampco-Pittsburgh Corp.

    6,300      156,366

Astec Industries, Inc.*^

    11,400      330,144

Badger Meter, Inc.^

    9,500      365,845

Barnes Group, Inc.^

    28,010      544,795

Blount International, Inc.*^

    21,000      217,560

Briggs & Stratton Corp.^

    29,100      567,450

Bucyrus International, Inc.^

    171,630      11,325,864

Cascade Corp.^

    5,300      170,713

Chart Industries, Inc.*

    16,600      332,000

China Fire & Security Group, Inc.*^

    9,000      116,730

CIRCOR International, Inc.

    10,900      361,989

CLARCOR, Inc.^

    33,200      1,145,068

Colfax Corp.*^

    24,112      283,798

Columbus McKinnon Corp.*

    11,300      179,331

Energy Recovery, Inc.*^

    17,600      110,880

EnPro Industries, Inc.*^

    12,800      372,224

ESCO Technologies, Inc.^

    16,900      537,589

Federal Signal Corp.

    41,200      371,212

Flow International Corp.*^

    4,300      12,943

Force Protection, Inc.*

    44,300      266,686

FreightCar America, Inc.

    7,300      176,368

Gorman-Rupp Co.^

    6,700      170,448

Graham Corp.^

    11,200      201,488

Hurco Cos., Inc.*^

    7,400      124,542

IDEX Corp.

    218,470      7,231,357

John Bean Technologies Corp.

    18,400      322,736

Joy Global, Inc.

    174,890      9,898,774

 

See Notes to Portfolio of Investments.

128

EQ ADVISORS TRUST

EQ/ALLIANCEBERNSTEIN SMALL CAP GROWTH PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Kadant, Inc.*^

    11,500    $ 165,715

Kaydon Corp.

    22,300      838,480

K-Tron International, Inc.*

    1,500      224,955

L.B. Foster Co., Class A*

    5,100      147,339

Lincoln Electric Holdings, Inc.

    164,940      8,961,190

Lindsay Corp.

    8,200      339,562

Middleby Corp.*^

    10,500      604,695

Mueller Industries, Inc.

    26,000      696,540

Mueller Water Products, Inc., Class A

    97,400      465,572

NACCO Industries, Inc., Class A

    4,500      333,675

Nordson Corp.

    22,800      1,548,576

PMFG, Inc.*

    11,400      150,822

RBC Bearings, Inc.*

    189,900      6,052,113

Robbins & Myers, Inc.

    18,100      431,142

Sauer-Danfoss, Inc.*

    16,300      216,464

SmartHeat, Inc.*

    12,700      136,398

Sun Hydraulics Corp.^

    8,000      207,840

Tecumseh Products Co., Class A*

    14,800      181,596

Tennant Co.^

    10,500      287,595

Titan International, Inc.^

    22,800      199,044

Valmont Industries, Inc.^

    73,580      6,094,631

Watts Water Technologies, Inc., Class A^

    19,092      592,998
         
        74,158,770
         

Marine (0.5%)

      

American Commercial Lines, Inc.*^

    6,175      154,993

Eagle Bulk Shipping, Inc.*^

    26,200      139,122

Genco Shipping & Trading Ltd.*^

    15,800      333,538

Horizon Lines, Inc., Class A^

    2,300      12,512

International Shipholding Corp.

    4,900      144,011

Kirby Corp.*^

    139,550      5,323,832

Ultrapetrol Bahamas Ltd.*

    2,100      11,529
         
        6,119,537
         

Professional Services (0.6%)

      

Acacia Research Corp.- Acacia Technologies*

    21,400      231,762

Administaff, Inc.

    14,100      300,894

Advisory Board Co.*

    8,200      258,300

CBIZ, Inc.*^

    21,100      138,627

CDI Corp.

    14,200      208,172

Corporate Executive Board Co.^

    22,800      606,252

CoStar Group, Inc.*^

    13,273      551,095

CRA International, Inc.*^

    7,200      165,024

Exponent, Inc.*

    6,900      196,788

Heidrick & Struggles International, Inc.^

    11,100      311,133

Hill International, Inc.*^

    26,800      156,244

Huron Consulting Group, Inc.*

    13,200      267,960

ICF International, Inc.*^

    5,700      141,588

Kelly Services, Inc., Class A*^

    17,000      283,220

Kforce, Inc.*

    20,200      307,242

Korn/Ferry International*

    30,100      531,265

Navigant Consulting, Inc.*

    28,300      343,279

Odyssey Marine Exploration, Inc.*

    32,100      42,051

On Assignment, Inc.*

    21,100      150,443

Resources Connection, Inc.*

    26,700      511,839

School Specialty, Inc.*

    12,600      286,146

SFN Group, Inc.*^

    33,400      267,534

Towers Watson & Co., Class A#

    27,000      1,282,500

TrueBlue, Inc.*^

    28,300      438,650

Volt Information Sciences, Inc.*

    19,000      193,990
         
        8,171,998
         

Road & Rail (1.8%)

      

Amerco, Inc.*

    4,300      233,447

Arkansas Best Corp.^

    14,900    $ 445,212

Avis Budget Group, Inc.*

    68,100      783,150

Celadon Group, Inc.*

    12,800      178,432

Dollar Thrifty Automotive Group, Inc.*^

    18,300      587,979

Genesee & Wyoming, Inc., Class A*^

    182,260      6,218,711

Heartland Express, Inc.^

    37,900      625,350

Knight Transportation, Inc.^

    344,630      7,268,247

Marten Transport Ltd.*

    9,700      191,187

Old Dominion Freight Line, Inc.*

    18,600      621,054

Patriot Transportation Holding, Inc.*^

    1,800      152,064

RailAmerica, Inc.*

    394,361      4,653,460

Saia, Inc.*^

    9,800      136,024

Universal Truckload Services, Inc.*

    11,100      195,138

USA Truck, Inc.*

    11,300      182,608

Werner Enterprises, Inc.

    24,800      574,616

YRC Worldwide, Inc.*

    676,931      368,115
         
        23,414,794
         

Trading Companies & Distributors (0.4%)

      

Aircastle Ltd.

    26,800      253,796

Applied Industrial Technologies, Inc.^

    24,800      616,280

Beacon Roofing Supply, Inc.*

    26,700      510,771

H&E Equipment Services, Inc.*^

    16,000      172,480

Houston Wire & Cable Co.^

    13,700      158,646

Interline Brands, Inc.*

    25,962      496,913

Kaman Corp.

    16,500      412,665

Lawson Products, Inc.

    5,900      91,273

RSC Holdings, Inc.*^

    31,400      249,944

Rush Enterprises, Inc., Class A*

    15,700      207,397

Textainer Group Holdings Ltd.^

    10,600      228,430

Titan Machinery, Inc.*^

    11,000      150,590

United Rentals, Inc.*

    40,300      378,014

Watsco, Inc.^

    17,400      989,712
         
        4,916,911
         

Transportation Infrastructure (0.0%)

      

CAI International, Inc.*

    900      11,088
         

Total Industrials

         209,784,830
         

Information Technology (20.6%)

      

Communications Equipment (4.0%)

      

3Com Corp.#*

    261,900      2,014,011

Acme Packet, Inc.*

    26,900      518,632

ADC Telecommunications, Inc.*

    64,700      472,957

ADTRAN, Inc.^

    36,500      961,775

Airvana, Inc.*

    23,900      183,074

Anaren, Inc.*

    10,300      146,672

Arris Group, Inc.*

    80,300      964,403

Aruba Networks, Inc.*^

    41,300      564,158

Aviat Networks, Inc.*

    41,669      276,265

Bel Fuse, Inc., Class B

    7,300      147,095

BigBand Networks, Inc.*

    26,300      92,839

Black Box Corp.^

    11,400      350,664

Blue Coat Systems, Inc.*

    352,620      10,945,325

Cogo Group, Inc.*

    29,600      206,904

Comtech Telecommunications Corp.*^

    18,500      591,815

DG FastChannel, Inc.*^

    12,200      389,790

Digi International, Inc.*^

    16,700      177,688

EMS Technologies, Inc.*^

    7,400      122,840

Emulex Corp.*

    54,500      723,760

F5 Networks, Inc.*

    125,340      7,709,663

Finisar Corp.*^

    458,119      7,197,049

Harmonic, Inc.*

    57,000      359,670

 

See Notes to Portfolio of Investments.

129

EQ ADVISORS TRUST

EQ/ALLIANCEBERNSTEIN SMALL CAP GROWTH PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Hughes Communications, Inc.*

    7,200    $ 200,520

Infinera Corp.*^

    54,500      464,340

InterDigital, Inc.*^

    26,500      738,290

Ixia*

    20,450      189,572

Loral Space & Communications, Inc.*

    11,700      410,904

NETGEAR, Inc.*

    23,000      600,300

Oplink Communications, Inc.*

    15,200      281,808

Opnext, Inc.*

    70,500      166,380

Palm, Inc.#*^

    104,280      392,093

PC-Tel, Inc.*

    17,800      110,004

Plantronics, Inc.^

    31,600      988,448

Polycom, Inc.#*

    56,500      1,727,770

Riverbed Technology, Inc.*^

    295,650      8,396,460

SeaChange International, Inc.*

    16,900      121,342

ShoreTel, Inc.*^

    29,380      194,202

Sonus Networks, Inc.*

    96,200      251,082

Sycamore Networks, Inc.

    12,890      259,218

Symmetricom, Inc.*

    27,500      160,325

Tekelec*

    42,900      779,064

UTStarcom, Inc.*^

    75,300      210,087

ViaSat, Inc.*^

    19,500      674,895
         
        52,434,153
         

Computers & Peripherals (0.3%)

      

3PAR, Inc.*^

    17,000      170,000

Adaptec, Inc.*^

    57,000      186,390

Avid Technology, Inc.*

    14,200      195,676

Cray, Inc.*^

    22,900      136,255

Electronics for Imaging, Inc.*

    29,449      342,492

Imation Corp.*

    20,000      220,200

Intermec, Inc.*

    36,100      511,898

Intevac, Inc.*^

    14,000      193,480

Netezza Corp.*^

    31,600      404,164

Novatel Wireless, Inc.*^

    24,500      164,885

Quantum Corp.*

    133,200      350,316

Silicon Graphics International Corp.*

    19,200      205,248

STEC, Inc.*^

    15,900      190,482

Stratasys, Inc.*

    11,700      285,246

Super Micro Computer, Inc.*^

    18,400      317,952

Synaptics, Inc.*^

    22,500      621,225
         
        4,495,909
         

Electronic Equipment, Instruments & Components (1.0%)

      

Agilysys, Inc.

    16,300      182,071

Anixter International, Inc.*^

    19,500      913,575

Benchmark Electronics, Inc.*

    48,500      1,005,890

Brightpoint, Inc.*

    31,600      237,948

Checkpoint Systems, Inc.*

    25,900      572,908

China Security & Surveillance Technology, Inc.*

    21,100      162,259

Cogent, Inc.*

    25,700      262,140

Cognex Corp.

    26,100      482,589

Coherent, Inc.*

    15,300      488,988

Comverge, Inc.*

    14,200      160,602

CPI International, Inc.*

    500      6,630

CTS Corp.

    20,100      189,342

Daktronics, Inc.^

    27,614      210,419

DTS, Inc.*

    11,600      394,864

Echelon Corp.*^

    21,700      194,649

Electro Rent Corp.

    15,800      207,454

Electro Scientific Industries, Inc.*^

    16,600      212,646

FARO Technologies, Inc.*

    13,195      339,771

Insight Enterprises, Inc.*

    33,600      482,496

IPG Photonics Corp.*^

    19,000      281,200

L-1 Identity Solutions, Inc.*

    47,700      425,961

Littelfuse, Inc.*

    14,200      539,742

Maxwell Technologies, Inc.*

    19,000    $ 235,410

Measurement Specialties, Inc.*

    500      7,355

Mercury Computer Systems, Inc.*

    17,600      241,472

Methode Electronics, Inc.

    20,900      206,910

MTS Systems Corp.

    8,300      240,949

Multi-Fineline Electronix, Inc.*

    7,050      181,608

Newport Corp.*

    29,600      370,000

OSI Systems, Inc.*^

    8,000      224,400

Park Electrochemical Corp.

    13,200      379,368

PC Connection, Inc.*

    22,600      140,120

PC Mall, Inc.*

    800      4,048

Plexus Corp.*

    25,895      932,997

Power-One, Inc.*^

    48,800      205,936

RadiSys Corp.*

    19,200      172,032

Rofin-Sinar Technologies, Inc.*

    19,200      434,304

Rogers Corp.*^

    8,400      243,684

Scansource, Inc.*

    16,900      486,382

SYNNEX Corp.*^

    12,900      381,324

Technitrol, Inc.

    26,400      139,392

TTM Technologies, Inc.*^

    27,900      247,752

Universal Display Corp.*^

    17,700      208,329
         
        13,637,916
         

Internet Software & Services (2.3%)

      

Art Technology Group, Inc.*^

    83,700      369,117

comScore, Inc.*

    13,100      218,639

Constant Contact, Inc.*^

    16,000      371,520

DealerTrack Holdings, Inc.*^

    471,540      8,053,903

Dice Holdings, Inc.*^

    32,200      244,720

Digital River, Inc.*^

    24,100      730,230

DivX, Inc.*

    18,700      133,892

EarthLink, Inc.^

    75,000      640,500

GSI Commerce, Inc.*^

    17,600      486,992

InfoSpace, Inc.*

    17,200      190,060

Internap Network Services Corp.*

    37,000      207,200

Internet Brands, Inc., Class A*^

    16,700      153,974

Internet Capital Group, Inc.*

    22,000      185,900

j2 Global Communications, Inc.*^

    28,500      666,900

Keynote Systems, Inc.

    11,900      135,541

Knot, Inc.*^

    22,000      172,040

Limelight Networks, Inc.*^

    32,900      120,414

Liquidity Services, Inc.*

    20,500      236,570

LivePerson, Inc.*

    27,000      207,090

LogMeIn, Inc.*

    9,500      196,555

LoopNet, Inc.*

    16,500      185,460

Marchex, Inc., Class B^

    25,200      128,772

MercadoLibre, Inc.*

    16,800      809,928

ModusLink Global Solutions, Inc.*

    27,100      228,453

Move, Inc.*^

    97,100      202,939

NIC, Inc.

    34,595      272,262

OpenTable, Inc.*^

    5,200      198,276

Openwave Systems, Inc.*^

    69,800      160,540

Perficient, Inc.*

    22,600      254,702

Rackspace Hosting, Inc.*^

    44,475      833,017

RealNetworks, Inc.*^

    64,600      312,018

SAVVIS, Inc.*

    24,400      402,600

Stamps.com, Inc.*

    11,900      120,190

support.com, Inc.*^

    33,800      110,526

Switch & Data Facilities Co., Inc.*

    16,800      298,368

TechTarget, Inc.*

    29,000      151,670

Terremark Worldwide, Inc.*^

    29,800      208,898

Travelzoo, Inc.*

    11,900      178,619

United Online, Inc.^

    50,400      376,992

ValueClick, Inc.*

    52,500      532,350

VistaPrint NV*

    180,960      10,359,960

Vocus, Inc.*

    11,000      187,550

 

See Notes to Portfolio of Investments.

130

EQ ADVISORS TRUST

EQ/ALLIANCEBERNSTEIN SMALL CAP GROWTH PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Web.com Group, Inc.*^

    600    $ 3,270
         
        30,239,117
         

IT Services (2.1%)

      

Acxiom Corp.*

    40,300      722,982

CACI International, Inc., Class A*^

    19,600      957,460

Cass Information Systems, Inc.^

    4,100      127,715

China Information Security Technology, Inc.*

    28,200      142,410

CIBER, Inc.*

    33,100      123,794

CSG Systems International, Inc.*

    22,600      473,696

Cybersource Corp.*

    541,470      9,551,531

Euronet Worldwide, Inc.*

    30,640      564,695

ExlService Holdings, Inc.*

    10,400      173,472

Forrester Research, Inc.*

    10,500      315,735

Gartner, Inc.*^

    43,100      958,544

Global Cash Access Holdings, Inc.*

    683,450      5,583,787

Hackett Group, Inc.*^

    42,200      117,316

Heartland Payment Systems, Inc.^

    19,500      362,700

iGATE Corp.

    20,100      195,573

infoGROUP, Inc.*

    21,600      168,480

ManTech International Corp., Class A*

    14,700      717,801

MAXIMUS, Inc.

    9,930      605,035

NCI, Inc., Class A*

    6,700      202,541

Ness Technologies, Inc.*^

    25,700      162,167

Online Resources Corp.*

    26,500      106,795

RightNow Technologies, Inc.*

    19,500      348,270

Sapient Corp.

    57,000      520,980

SRA International, Inc., Class A*

    25,800      536,382

Syntel, Inc.

    8,550      328,918

TeleTech Holdings, Inc.*

    18,400      314,272

Tier Technologies, Inc., Class B*

    19,500      155,220

TNS, Inc.*

    13,700      305,510

Unisys Corp.*

    27,589      962,580

VeriFone Holdings, Inc.*

    45,100      911,471

Virtusa Corp.*

    15,200      156,712

Wright Express Corp.*

    22,800      686,736
         
        27,561,280
         

Semiconductors & Semiconductor Equipment (4.6%)

      

Actel Corp.*

    11,900      164,815

Advanced Analogic Technologies, Inc.*^

    33,400      116,566

Advanced Energy Industries, Inc.*

    17,300      286,488

Amkor Technology, Inc.*^

    73,200      517,524

ANADIGICS, Inc.*^

    40,000      194,400

Applied Micro Circuits Corp.*

    42,100      363,323

Atheros Communications, Inc.*^

    172,500      6,677,475

ATMI, Inc.*

    20,400      393,924

Brooks Automation, Inc.*

    40,700      358,974

Cabot Microelectronics Corp.*

    14,100      533,403

Cavium Networks, Inc.*

    24,300      604,098

CEVA, Inc.*

    16,600      193,556

Cirrus Logic, Inc.*

    30,600      256,734

Cohu, Inc.^

    12,200      167,994

Cymer, Inc.*

    18,400      686,320

Diodes, Inc.*

    21,300      477,120

DSP Group, Inc.*^

    17,400      144,942

Entegris, Inc.*^

    88,900      448,056

Exar Corp.*

    23,600      166,380

Fairchild Semiconductor International, Inc.*^

    600,130      6,391,385

FEI Co.*

    22,100      506,311

FormFactor, Inc.*^

    33,700      598,512

Hittite Microwave Corp.*^

    132,470      5,824,706

Kopin Corp.*^

    54,100    $ 200,170

Kulicke & Soffa Industries, Inc.*

    41,400      300,150

Lattice Semiconductor Corp.*

    68,400      251,028

Micrel, Inc

    23,400      249,444

Microsemi Corp.*

    50,100      868,734

MIPS Technologies, Inc.*^

    43,700      194,902

MKS Instruments, Inc.*

    29,200      572,028

Monolithic Power Systems, Inc.*^

    22,700      506,210

Netlogic Microsystems, Inc.*^

    30,200      888,786

NVE Corp.*

    3,300      149,490

OmniVision Technologies, Inc.*

    33,200      570,376

ON Semiconductor Corp.*

    749,180      5,993,440

Pericom Semiconductor Corp.*

    16,800      179,928

Photronics, Inc.*^

    42,100      214,289

PLX Technology, Inc.*

    27,200      143,344

Power Integrations, Inc

    17,900      737,480

RF Micro Devices, Inc.*^

    172,000      856,560

Rubicon Technology, Inc.*

    11,800      238,360

Semtech Corp.*^

    41,300      719,859

Sigma Designs, Inc.*

    17,200      201,756

Silicon Image, Inc.*^

    44,300      133,786

Silicon Storage Technology, Inc.*

    73,900      224,656

Skyworks Solutions, Inc.*

    552,670      8,621,652

Standard Microsystems Corp.*

    14,600      339,888

Supertex, Inc.*

    6,692      171,248

Techwell, Inc.*

    14,500      271,150

Teradyne, Inc.*^

    642,700      7,178,959

Tessera Technologies, Inc.*

    32,600      661,128

Trident Microsystems, Inc.*^

    66,000      114,840

TriQuint Semiconductor, Inc.*

    93,700      655,900

Ultratech, Inc.*

    11,000      149,600

Veeco Instruments, Inc.*^

    24,688      1,073,928

Volterra Semiconductor Corp.*^

    14,800      371,480

Zoran Corp.*

    33,400      359,384
         
        60,436,939
         

Software (6.3%)

      

ACI Worldwide, Inc.*

    24,200      498,762

Actuate Corp.*^

    30,300      169,377

Advent Software, Inc.*^

    10,500      469,875

American Software, Inc., Class A^

    27,600      160,356

ArcSight, Inc.*^

    14,500      408,175

Ariba, Inc.*^

    57,300      736,305

AsiaInfo Holdings, Inc.*^

    167,200      4,427,456

Blackbaud, Inc.^

    28,900      727,991

Blackboard, Inc.*^

    20,700      862,362

Bottomline Technologies, Inc.*

    17,700      297,891

Chordiant Software, Inc.*

    1,500      7,605

CommVault Systems, Inc.*

    28,200      602,070

Concur Technologies, Inc.*

    143,700      5,893,137

Deltek, Inc.*

    23,700      181,068

DemandTec, Inc.*^

    12,700      88,265

Double-Take Software, Inc.*^

    14,000      124,740

Ebix, Inc.*^

    12,909      206,157

Epicor Software Corp.*

    34,700      331,732

EPIQ Systems, Inc.*^

    20,700      257,301

Fair Isaac Corp.^

    28,400      719,656

FalconStor Software, Inc.*

    35,800      124,584

Informatica Corp.*^

    398,590      10,706,127

Interactive Intelligence, Inc.*

    9,800      183,162

Jack Henry & Associates, Inc.

    56,100      1,349,766

JDA Software Group, Inc.*

    20,927      582,189

Kenexa Corp.*^

    16,500      226,875

Lawson Software, Inc.*

    92,100      608,781

Manhattan Associates, Inc.*^

    11,600      295,568

Mentor Graphics Corp.*

    59,400      476,388

 

See Notes to Portfolio of Investments.

131

EQ ADVISORS TRUST

EQ/ALLIANCEBERNSTEIN SMALL CAP GROWTH PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

MicroStrategy, Inc., Class A*

    5,900    $ 501,913

Monotype Imaging Holdings, Inc.*

    18,000      175,140

Net 1 UEPS Technologies, Inc.*

    19,716      362,577

NetScout Systems, Inc.*

    19,100      282,489

NetSuite, Inc.*^

    13,000      189,020

Opnet Technologies, Inc.

    8,900      143,468

Parametric Technology Corp.*

    77,600      1,400,680

Pegasystems, Inc.^

    12,700      469,900

Phoenix Technologies Ltd.*^

    1,800      5,796

Progress Software Corp.*

    29,100      914,613

PROS Holdings, Inc.*^

    20,200      199,576

QAD, Inc.*

    21,977      115,379

Quest Software, Inc.*

    43,931      781,533

Radiant Systems, Inc.*

    25,900      369,593

Renaissance Learning, Inc.

    14,256      231,375

Rosetta Stone, Inc.*

    5,800      137,924

S1 Corp.*

    35,400      208,860

Smith Micro Software, Inc.*^

    22,800      201,552

SolarWinds, Inc.*

    345,300      7,479,198

Solera Holdings, Inc.#

    46,550      1,799,158

SonicWALL, Inc.*^

    25,600      222,464

Sourcefire, Inc.*^

    13,200      302,940

SuccessFactors, Inc.*^

    370,209      7,048,779

Symyx Technologies, Inc.*

    25,200      113,148

Synchronoss Technologies, Inc.*

    14,300      276,991

Take-Two Interactive Software, Inc.*^

    46,600      459,010

Taleo Corp., Class A*

    221,400      5,736,474

TeleCommunication Systems, Inc., Class A*^

    25,900      189,847

THQ, Inc.*^

    47,478      332,821

TIBCO Software, Inc.*

    1,080,910      11,663,019

TiVo, Inc.*^

    70,000      1,198,400

Tyler Technologies, Inc.*

    24,100      451,634

Ultimate Software Group, Inc.*^

    16,000      527,200

Unica Corp.*

    200      1,778

VanceInfo Technologies, Inc. (ADR)*^

    252,300      5,623,767

VASCO Data Security International, Inc.*

    20,900      172,425

Websense, Inc.*

    28,200      642,114
         
        82,656,276
         

Total Information Technology

         271,461,590
         

Materials (3.6%)

      

Chemicals (2.3%)

      

A. Schulman, Inc.

    12,800      313,216

Airgas, Inc.

    51,870      3,299,969

American Vanguard Corp.

    16,437      133,961

Ampal American Israel, Class A*^

    53,100      147,618

Arch Chemicals, Inc.

    16,000      550,240

Balchem Corp.

    17,700      436,305

Calgon Carbon Corp.*^

    357,730      6,124,338

China Green Agriculture, Inc.*^

    10,500      147,000

Ferro Corp.*^

    55,554      488,320

H.B. Fuller Co.

    29,200      677,732

Hawkins, Inc.^

    6,600      159,720

ICO, Inc.^

    1,000      8,080

Innophos Holdings, Inc.

    10,400      290,160

Innospec, Inc.*

    17,900      203,344

Koppers Holdings, Inc.^

    13,500      382,320

LSB Industries, Inc.*

    11,500      175,260

Minerals Technologies, Inc.

    11,300      585,792

NewMarket Corp.

    6,400      659,136

NL Industries, Inc.^

    23,211      199,150

Olin Corp.^

    51,200    $ 1,004,544

OM Group, Inc.*^

    18,400      623,392

Omnova Solutions, Inc.*^

    27,800      218,230

PolyOne Corp.*^

    61,000      624,640

Rockwood Holdings, Inc.*^

    33,000      878,460

Sensient Technologies Corp.

    31,600      918,296

ShengdaTech, Inc.*^

    27,400      205,226

Solutia, Inc.*

    551,890      8,890,948

Spartech Corp.*

    23,400      273,780

Stepan Co.^

    4,200      234,738

W.R. Grace & Co.*

    47,600      1,321,376

Westlake Chemical Corp.^

    13,100      337,849

Zep, Inc.

    11,600      253,808

Zoltek Cos., Inc.*^

    17,300      166,772
         
        30,933,720
         

Construction Materials (0.1%)

      

Headwaters, Inc.*

    35,800      164,322

Texas Industries, Inc.

    15,300      522,801

U.S. Concrete, Inc.*

    2,400      912

United States Lime & Minerals, Inc.*^

    3,600      139,212
         
        827,247
         

Containers & Packaging (0.3%)

      

AEP Industries, Inc.*^

    4,700      122,294

Boise, Inc.*

    30,800      188,804

Bway Holding Co.*^

    10,500      211,050

Graphic Packaging Holding Co.*

    93,878      338,900

Myers Industries, Inc.

    19,600      205,408

Rock-Tenn Co., Class A

    25,700      1,171,149

Silgan Holdings, Inc.

    17,900      1,078,117
         
        3,315,722
         

Metals & Mining (0.5%)

      

A.M. Castle & Co.*

    12,900      168,732

Allied Nevada Gold Corp.*^

    34,900      578,293

AMCOL International Corp.^

    18,000      489,600

Brush Engineered Materials, Inc.*

    11,100      250,527

Century Aluminum Co.*

    30,400      418,304

China Precision Steel, Inc.*^

    3,600      7,560

Coeur d’Alene Mines Corp.*^

    47,770      715,595

General Moly, Inc.*^

    67,700      224,764

General Steel Holdings, Inc.*^

    1,500      6,165

Haynes International, Inc.

    7,000      248,710

Hecla Mining Co.*^

    143,300      783,851

Horsehead Holding Corp.*^

    22,700      268,768

Kaiser Aluminum Corp.

    10,200      393,414

Olympic Steel, Inc.

    6,900      225,285

RTI International Metals, Inc.*^

    19,000      576,270

Stillwater Mining Co.*^

    33,575      435,803

U.S. Gold Corp.*

    64,000      172,800

Worthington Industries, Inc.

    41,799      722,705
         
        6,687,146
         

Paper & Forest Products (0.4%)

      

Buckeye Technologies, Inc.*

    26,200      342,696

Clearwater Paper Corp.*^

    7,014      345,439

Deltic Timber Corp.^

    7,100      312,755

Domtar Corp.*^

    27,800      1,790,598

Glatfelter

    29,400      426,006

KapStone Paper and Packaging Corp.*^

    23,800      282,506

Louisiana-Pacific Corp.*^

    79,600      720,380

Schweitzer-Mauduit International, Inc.^

    11,400      542,184

 

See Notes to Portfolio of Investments.

132

EQ ADVISORS TRUST

EQ/ALLIANCEBERNSTEIN SMALL CAP GROWTH PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)		  

Wausau Paper Corp.*

      29,100    $ 248,514   
           
        5,011,078   
           

Total Materials

         46,774,913   
           

Telecommunication Services (1.5%)

      

Diversified Telecommunication Services (0.9%)

      

AboveNet, Inc.*^

      8,200      415,986   

Alaska Communications Systems Group, Inc.^

      20,400      165,648   

Atlantic Tele-Network, Inc.^

      8,300      372,919   

Cbeyond, Inc.*^

      11,300      154,584   

Cincinnati Bell, Inc.*^

      152,000      518,320   

Cogent Communications Group, Inc.*

      22,400      233,184   

Consolidated Communications Holdings, Inc.^

      14,700      278,712   

General Communication, Inc., Class A*^

      22,000      126,940   

Global Crossing Ltd.*

      22,650      343,148   

Iowa Telecommunications Services, Inc.

      20,800      347,360   

Neutral Tandem, Inc.*^

      21,950      350,761   

PAETEC Holding Corp.*

      91,196      426,797   

Premiere Global Services, Inc.*

      34,199      282,484   

SureWest Communications*^

      21,400      183,826   

tw telecom, Inc.*

      404,800      7,347,120   
           
        11,547,789   
           

Wireless Telecommunication Services (0.6%)

      

NTELOS Holdings Corp.^

      18,000      320,220   

SBA Communications Corp., Class A*^

      195,920      7,066,834   

Shenandoah Telecommunications Co.^

      13,764      258,763   

Syniverse Holdings, Inc.*

      45,800      891,726   

USA Mobility, Inc.*^

      12,643      160,187   
           
        8,697,730   
           

Total Telecommunication Services

         20,245,519   
           

Utilities (1.5%)

      

Electric Utilities (0.6%)

      

Allete, Inc.^

      17,200      575,856   

Cleco Corp.

      39,700      1,054,035   

El Paso Electric Co.*

      27,100      558,260   

Empire District Electric Co.

      24,525      441,940   

IDACORP, Inc.

      29,800      1,031,676   

MGE Energy, Inc.

      15,400      544,544   

PNM Resources, Inc.

      58,000      726,740   

Portland General Electric Co.

      49,600      957,776   

UIL Holdings Corp.^

      19,100      525,250   

UniSource Energy Corp.

      22,600      710,544   

Unitil Corp.

      7,300      169,725   
           
        7,296,346   
           

Gas Utilities (0.6%)

      

Chesapeake Utilities Corp.^

      4,560      135,888   

Laclede Group, Inc.^

      14,800      499,056   

New Jersey Resources Corp.

      27,000      1,014,120   

Nicor, Inc.

      28,900      1,211,488   

Northwest Natural Gas Co.

      17,300      806,180   

Piedmont Natural Gas Co., Inc.#^

      48,400      1,334,872   

South Jersey Industries, Inc.^

      19,900      835,601   

Southwest Gas Corp.^

      29,900      894,608   

WGL Holdings, Inc.

      31,800      1,101,870   
           
        7,833,683   
           

Independent Power Producers & Energy Traders (0.0%)

      

U.S. Geothermal, Inc.*

      3,500      3,185   
           

Multi-Utilities (0.2%)

      

Avista Corp.

      35,900    $ 743,489   

Black Hills Corp.^

      26,000      789,100   

CH Energy Group, Inc.^

      10,900      445,156   

NorthWestern Corp.

      24,091      645,880   
           
        2,623,625   
           

Water Utilities (0.1%)

      

American States Water Co.^

      10,300      357,410   

Artesian Resources Corp., Class A^

      9,700      171,302   

Cadiz, Inc.*

      12,500      159,625   

California Water Service Group

      12,900      485,169   

Connecticut Water Service, Inc.

      7,400      172,198   

Consolidated Water Co., Ltd.^

      9,200      124,936   

SJW Corp.^

      6,100      155,062   

Southwest Water Co.^

      25,350      264,654   

York Water Co.^

      10,300      141,625   
           
        2,031,981   
           

Total Utilities

         19,788,820   
           

Total Common Stocks (99.2%)
(Cost $935,878,723)

         1,305,345,502   
           

INVESTMENT COMPANY:

      

Investment Company (0.0%)

      

Kayne Anderson Energy Development Co.^
(Cost $10,567)

      1,329      21,477   
           
   Principal
Amount		    Value
(Note 1)		  

SHORT-TERM INVESTMENTS:

      

Short-Term Investments of Cash Collateral for Securities Loaned (7.4%)

      

Credit Agricole S.A./New York

      

0.41%, 7/2/10 (l)

    $ 4,999,541      5,000,026   

Goldman Sachs & Co., Repurchase Agreement

      

0.01%, 4/1/10 (v)

      82,240,336      82,240,336   

Monumental Global Funding Ltd.

      

0.31%, 5/24/10 (l)

      5,500,000      5,482,488   

Pricoa Global Funding I

      

0.40%, 6/25/10 (l)

      4,999,874      4,968,345   
           

Total Short-Term Investments of Cash Collateral for Securities Loaned

         97,691,195   
           

Time Deposit (0.8%)

      

JPMorgan Chase Nassau

      

0.000%, 4/1/10

      10,504,359      10,504,359   
           

Total Short-Term Investments (8.2%)
(Cost/Amortized Cost $108,244,110)

         108,195,554   
           

Total Investments (107.4%)
(Cost/Amortized Cost $1,044,133,400)

         1,413,562,533   

Other Assets Less Liabilities (-7.4%)

         (97,705,021 ) 
           

Net Assets (100%)

       $ 1,315,857,512   
           

 

See Notes to Portfolio of Investments.

133

EQ ADVISORS TRUST

EQ/ALLIANCEBERNSTEIN SMALL CAP GROWTH PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

* Non-income producing.

 

^ All, or a portion of security out on loan (See Note 1).

 

# All, or a portion of security held by broker as collateral for financial futures contracts, with a total collateral value of $3,031,501.

 

(l) Floating Rate Security. Rate disclosed is as of March 31, 2010.

 

(v) Represents the Portfolio’s undivided interest in a joint repurchase agreement. The repurchase agreement was fully collateralized by U.S. government agency securities at the date of this Portfolio of Investments as follows: Government National Mortgage Association, 3.500%-15.000%, maturing 7/15/10 to 3/20/40, which had a total value of $83,885,143.

At March 31, 2010, the Portfolio had the following futures contracts open: (Note 1)

 

     Number of
Contracts		    Expiration
Date		    Original
Value		    Value at
3/31/2010		    Unrealized
Appreciation/
(Depreciation)

Purchase

               

Russell 2000 Mini Index

    39    June-10    $ 2,623,325    $ 2,640,690    $ 17,365
                  

The following is a summary of the inputs used to value the Portfolio’s assets and liabilities carried at fair value as of March 31, 2010:

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, money market securities are valued using amortized cost, in accordance with rules under the Investment Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active market, such securities are reflected as Level 2.

Various inputs are used in determining the value of the Portfolio’s investments. These inputs are summarized in the three broad levels listed below:

 

Investment Type

    Level 1
Quoted prices in active
markets for identical
securities		    Level 2
Significant other
observable inputs
(including quoted prices
for similar securities,
interest rates,
prepayment speeds,
credit risk, etc.)		    Level 3
Significant unobservable
inputs (including the
Portfolio’s own
assumptions in
determining the fair
value of investments)		    Total

Assets:

            

Common Stocks

            

Consumer Discretionary

    $ 237,466,901    $ —      $ —      $ 237,466,901

Consumer Staples

      28,420,611      —        —        28,420,611

Energy

      71,295,298      —        —        71,295,298

Financials

      178,500,194      —        —        178,500,194

Health Care

      221,606,826      —        —        221,606,826

Industrials

      209,784,830      —        —        209,784,830

Information Technology

      271,461,590      —        —        271,461,590

Materials

      46,774,913      —        —        46,774,913

Telecommunication Services

      20,245,519      —        —        20,245,519

Utilities

      19,788,820      —        —        19,788,820

Futures

      17,365      —        —        17,365

Investment Companies

            

Investment Companies

      21,477      —        —        21,477

Short-Term Investments

      —        108,195,554      —        108,195,554
                           

Total Assets

    $ 1,305,384,344    $ 108,195,554    $ —      $ 1,413,579,898
                           

Total Liabilities

    $ —      $ —      $ —      $ —  
                           

Total

    $ 1,305,384,344    $ 108,195,554    $ —      $ 1,413,579,898
                           

 

See Notes to Portfolio of Investments.

134

EQ ADVISORS TRUST

EQ/ALLIANCEBERNSTEIN SMALL CAP GROWTH PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:

 

     Investments in
Securities-Financials		  

Balance as of 12/31/09

    $ 805   

Total gains or losses (realized/unrealized) included in earnings

      (805 ) 

Purchases, sales, issuances, and settlements (net)

      —     

Transfers into Level 3

      —     

Transfers out of Level 3

      —     
        

Balance as of 3/31/10

    $ —     
        

The amount of total gains or losses for the year included in earnings attributable to the change in unrealized gains or losses relating to assets and liabilities still held at period ending 3/31/10.

    $ —     

Investment security transactions for the three months ended March 31, 2010 were as follows:

 

Cost of Purchases:

   

Stocks and long-term corporate debt securities

    $ 135,713,501

Net Proceeds of Sales and Redemptions:

   

Stocks and long-term corporate debt securities

    $ 148,952,536

As of March 31, 2010, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investments for Federal income tax purposes was as follows:

 

Aggregate gross unrealized appreciation

    $ 390,237,416   

Aggregate gross unrealized depreciation

      (46,670,336 ) 
        

Net unrealized appreciation

    $ 343,567,080   
        

Federal income tax cost of investments

    $ 1,069,995,453   
        

At March 31, 2010, the Portfolio had loaned securities with a total value of $94,355,436. This was secured by collateral of $97,739,751, which was received as cash and subsequently invested in short-term investments currently valued at $97,691,195, as reported in the Portfolio of Investments.

The Portfolio has a net capital loss carryforward of $266,514,719 of which $91,657,737 expires in the year 2016, and $174,856,982 expires in the year 2017.

 

See Notes to Portfolio of Investments.

135

EQ ADVISORS TRUST

EQ/AXA FRANKLIN SMALL CAP VALUE CORE PORTFOLIO

PORTFOLIO OF INVESTMENTS

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

COMMON STOCKS:

      

Consumer Discretionary (17.7%)

      

Auto Components (2.0%)

      

American Axle & Manufacturing Holdings, Inc.*

    9,330    $ 93,113

Amerigon, Inc.*

    3,850      38,924

ArvinMeritor, Inc.*

    16,078      214,641

Autoliv, Inc.*

    60,000      3,091,800

China Automotive Systems, Inc.*

    1,001      23,133

Cooper Tire & Rubber Co.

    10,636      202,297

Dana Holding Corp.*

    24,320      288,922

Dorman Products, Inc.*

    1,950      37,030

Drew Industries, Inc.*

    18,210      400,984

Exide Technologies, Inc.*

    8,500      48,875

Fuel Systems Solutions, Inc.*

    2,220      70,951

Gentex Corp.

    137,250      2,665,395

Hawk Corp., Class A*

    900      17,550

Modine Manufacturing Co.*

    8,000      89,920

Raser Technologies, Inc.*

    8,980      8,980

Spartan Motors, Inc.

    5,800      32,480

Standard Motor Products, Inc.

    3,300      32,736

Stoneridge, Inc.*

    2,570      25,417

Superior Industries International, Inc.

    4,170      67,054

Tenneco, Inc.*

    10,190      240,994

Wonder Auto Technology, Inc.*

    2,780      29,412
         
        7,720,608
         

Automobiles (1.4%)

      

Thor Industries, Inc.

    145,000      4,380,450

Winnebago Industries, Inc.*

    65,710      960,023
         
        5,340,473
         

Distributors (0.0%)

      

Audiovox Corp., Class A*

    3,090      24,040

Core-Mark Holding Co., Inc.*

    1,730      52,956
         
        76,996
         

Diversified Consumer Services (1.0%)

      

American Public Education, Inc.*

    3,369      156,995

Bridgepoint Education, Inc.*

    2,400      58,992

Capella Education Co.*

    2,630      244,169

ChinaCast Education Corp.*

    5,200      38,012

Coinstar, Inc.*

    5,015      162,988

Corinthian Colleges, Inc.*

    13,566      238,626

CPI Corp.

    1,000      13,860

Grand Canyon Education, Inc.*

    2,980      77,897

Jackson Hewitt Tax Service, Inc.*

    2,690      5,380

K12, Inc.*

    3,890      86,397

Learning Tree International, Inc.*

    1,490      20,964

Lincoln Educational Services Corp.*

    1,530      38,709

Mac-Gray Corp.

    1,900      21,451

Matthews International Corp., Class A

    5,300      188,150

Nobel Learning Communities, Inc.*

    1,000      7,840

Pre-Paid Legal Services, Inc.*

    1,380      52,233

Princeton Review, Inc.*

    2,610      9,109

Regis Corp.

    86,610      1,617,875

Sotheby’s, Inc.

    11,930      370,904

Steiner Leisure Ltd.*

    2,650      117,448

Stewart Enterprises, Inc., Class A

    14,510      90,687

Universal Technical Institute, Inc.*

    3,650      83,293
         
        3,701,979
         

Hotels, Restaurants & Leisure (1.2%)

      

AFC Enterprises, Inc.*

    4,510      48,392

Ambassadors Group, Inc.

    3,360      37,128

Ameristar Casinos, Inc.

    4,540      82,719

Bally Technologies, Inc.*

    9,311      377,468

Benihana, Inc., Class A*

    2,700    $ 17,550

BJ’s Restaurants, Inc.*

    3,809      88,750

Bluegreen Corp.*

    2,440      7,979

Bob Evans Farms, Inc.

    5,440      168,150

Buffalo Wild Wings, Inc.*

    3,000      144,330

California Pizza Kitchen, Inc.*

    3,955      66,404

Caribou Coffee Co., Inc.*

    1,000      6,620

Carrols Restaurant Group, Inc.*

    1,800      12,240

CEC Entertainment, Inc.*

    3,950      150,456

Cheesecake Factory, Inc.*

    10,166      275,092

Churchill Downs, Inc.

    1,680      63,000

CKE Restaurants, Inc.

    9,220      102,065

Cracker Barrel Old Country Store, Inc.

    3,790      175,780

Denny’s Corp.*

    17,150      65,856

DineEquity, Inc.*

    3,110      122,938

Domino’s Pizza, Inc.*

    6,870      93,707

Dover Downs Gaming & Entertainment, Inc.

    2,560      10,138

Einstein Noah Restaurant Group, Inc.*

    770      9,356

Frisch’s Restaurants, Inc.

    300      6,630

Gaylord Entertainment Co.*

    6,860      200,929

Great Wolf Resorts, Inc.*

    4,730      15,041

Interval Leisure Group, Inc.*

    7,300      106,288

Isle of Capri Casinos, Inc.*

    2,820      21,940

Jack in the Box, Inc.*

    9,660      227,493

Krispy Kreme Doughnuts, Inc.*

    10,470      42,089

Lakes Entertainment, Inc.*

    4,000      9,200

Landry’s Restaurants, Inc.*

    1,580      28,314

Life Time Fitness, Inc.*

    6,990      196,419

Luby’s, Inc.*

    3,580      14,105

Marcus Corp.

    3,590      46,634

McCormick & Schmick’s Seafood Restaurants, Inc.*

    2,500      25,175

Monarch Casino & Resort, Inc.*

    1,540      13,152

Morgans Hotel Group Co.*

    4,150      26,602

Multimedia Games, Inc.*

    5,200      20,280

O’Charleys, Inc.*

    3,240      28,966

Orient-Express Hotels Ltd., Class A*

    15,500      219,790

P.F. Chang’s China Bistro, Inc.*

    3,933      173,563

Papa John’s International, Inc.*

    3,920      100,783

Peet’s Coffee & Tea, Inc.*

    1,780      70,577

Pinnacle Entertainment, Inc.*

    10,710      104,315

Red Lion Hotels Corp.*

    2,100      15,162

Red Robin Gourmet Burgers, Inc.*

    2,355      57,556

Ruby Tuesday, Inc.*

    10,930      115,530

Ruth’s Hospitality Group, Inc.*

    3,900      20,670

Shuffle Master, Inc.*

    9,550      78,215

Sonic Corp.*

    10,603      117,163

Speedway Motorsports, Inc.

    2,380      37,152

Steak n Shake Co.*

    208      79,304

Texas Roadhouse, Inc.*

    8,950      124,316

Town Sports International Holdings, Inc.*

    2,940      11,495

Universal Travel Group*

    2,200      21,802

Vail Resorts, Inc.*

    5,060      202,855

Youbet.com, Inc.*

    5,249      15,432
         
        4,721,055
         

Household Durables (2.3%)

      

American Greetings Corp., Class A

    6,880      143,379

Bassett Furniture Industries, Inc.*

    1,000      5,640

Beazer Homes USA, Inc.*

    10,456      47,470

Blyth, Inc.

    1,090      34,062

 

See Notes to Portfolio of Investments.

136

EQ ADVISORS TRUST

EQ/AXA FRANKLIN SMALL CAP VALUE CORE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Brookfield Homes Corp.*

    1,740    $ 15,208

Cavco Industries, Inc.*

    1,130      38,578

CSS Industries, Inc.

    1,380      27,738

D.R. Horton, Inc.

    98,000      1,234,800

Ethan Allen Interiors, Inc.

    33,906      699,481

Furniture Brands International, Inc.*

    7,500      48,225

Helen of Troy Ltd.*

    5,181      135,017

Hooker Furniture Corp.

    75,744      1,217,964

Hovnanian Enterprises, Inc., Class A*

    9,080      39,498

iRobot Corp.*

    3,320      50,331

La-Z-Boy, Inc.*

    97,360      1,220,894

M.D.C. Holdings, Inc.

    38,550      1,334,216

M/I Homes, Inc.*

    62,630      917,529

Meritage Homes Corp.*

    5,790      121,590

National Presto Industries, Inc.

    890      105,830

NIVS IntelliMedia Technology Group, Inc.*

    1,000      3,840

Ryland Group, Inc.

    7,156      160,581

Sealy Corp.*

    8,080      28,280

Skyline Corp.

    1,190      22,134

Standard Pacific Corp.*

    19,110      86,377

Stanley Furniture Co., Inc.*

    1,700      17,272

Tempur-Pedic International, Inc.*

    13,086      394,674

Tupperware Brands Corp.

    10,766      519,137

Universal Electronics, Inc.*

    2,460      54,956
         
        8,724,701
         

Internet & Catalog Retail (0.2%)

      

1-800-FLOWERS.COM, Inc., Class A*

    4,690      11,772

Blue Nile, Inc.*

    2,150      118,293

Drugstore.Com, Inc.*

    15,270      54,514

Gaiam, Inc., Class A

    3,230      26,809

HSN, Inc.*

    7,000      206,080

NutriSystem, Inc.

    5,290      94,215

Orbitz Worldwide, Inc.*

    6,380      45,361

Overstock.com, Inc.*

    2,800      45,500

PetMed Express, Inc.

    3,647      80,854

Shutterfly, Inc.*

    3,911      94,216

U.S. Auto Parts Network, Inc.*

    1,400      10,528

Vitacost.com, Inc.*

    1,500      18,075
         
        806,217
         

Leisure Equipment & Products (0.6%)

      

Brunswick Corp.

    75,630      1,207,811

Callaway Golf Co.

    10,410      91,816

Eastman Kodak Co.*

    47,938      277,561

JAKKS Pacific, Inc.*

    5,400      70,470

Leapfrog Enterprises, Inc.*

    5,100      33,405

Marine Products Corp.*

    1,760      10,560

Polaris Industries, Inc.

    5,350      273,706

Pool Corp.

    8,640      195,610

RC2 Corp.*

    3,520      52,695

Smith & Wesson Holding Corp.*

    11,053      41,780

Sport Supply Group, Inc.

    1,500      20,160

Steinway Musical Instruments, Inc.*

    1,210      22,784

Sturm Ruger & Co., Inc.

    4,000      47,960
         
        2,346,318
         

Media (0.6%)

      

Arbitron, Inc.

    4,914      131,007

Ascent Media Corp., Class A*

    2,500      68,125

Belo Corp., Class A

    15,820      107,892

Carmike Cinemas, Inc.*

    1,800      24,966

Cinemark Holdings, Inc.

    5,610      102,887

CKX, Inc.*

    10,704      65,616

Crown Media Holdings, Inc., Class A*

    1,900      3,648

Dolan Media Co.*

    5,200    $ 56,524

EW Scripps Co., Class A*

    4,519      38,186

Fisher Communications, Inc.*

    1,000      14,100

Global Sources Ltd.*

    2,840      18,488

Harte-Hanks, Inc.

    6,510      83,719

Journal Communications, Inc., Class A*

    7,390      31,038

Knology, Inc.*

    5,020      67,469

LIN TV Corp., Class A*

    4,800      27,600

Live Nation Entertainment, Inc.*

    24,675      357,787

LodgeNet Interactive Corp.*

    3,500      24,395

Martha Stewart Living Omnimedia, Inc., Class A*

    5,660      31,583

Mediacom Communications Corp., Class A*

    7,050      41,947

National CineMedia, Inc.

    7,470      128,932

Outdoor Channel Holdings, Inc.*

    2,600      17,134

Playboy Enterprises, Inc., Class B*

    5,210      19,069

PRIMEDIA, Inc.

    4,390      15,102

RCN Corp.*

    6,560      98,925

Reading International, Inc., Class A*

    3,600      15,372

Rentrak Corp.*

    1,800      38,790

Scholastic Corp.

    3,940      110,320

Sinclair Broadcast Group, Inc., Class A*

    8,530      43,332

Valassis Communications, Inc.*

    8,610      239,616

Value Line, Inc.

    240      5,542

World Wrestling Entertainment, Inc., Class A

    3,402      58,855
         
        2,087,966
         

Multiline Retail (2.0%)

      

99 Cents Only Stores*

    7,750      126,325

Dillard’s, Inc., Class A

    8,681      204,872

Fred’s, Inc., Class A

    151,690      1,817,246

J.C. Penney Co., Inc.

    119,000      3,828,230

Retail Ventures, Inc.*

    4,410      41,939

Saks, Inc.*

    124,205      1,068,163

Tuesday Morning Corp.*

    55,850      368,051
         
        7,454,826
         

Specialty Retail (4.7%)

      

America’s Car-Mart, Inc.*

    1,770      42,692

AnnTaylor Stores Corp.*

    10,000      207,000

Asbury Automotive Group, Inc.*

    5,490      73,017

bebe Stores, Inc.

    4,020      35,778

Big 5 Sporting Goods Corp.

    3,820      58,140

Books-A-Million, Inc.

    1,600      11,584

Borders Group, Inc.*

    5,328      9,164

Brown Shoe Co., Inc.

    97,910      1,515,647

Buckle, Inc.

    4,370      160,641

Build-A-Bear Workshop, Inc.*

    2,900      20,648

Cabela’s, Inc.*

    6,700      117,183

Cato Corp., Class A

    10,090      216,330

Charming Shoppes, Inc.*

    20,580      112,367

Children’s Place Retail Stores, Inc.*

    3,687      164,256

Christopher & Banks Corp.

    185,470      1,483,760

Citi Trends, Inc.*

    2,580      83,695

Coldwater Creek, Inc.*

    10,140      70,372

Collective Brands, Inc.*

    11,240      255,598

Conn’s, Inc.*

    1,193      9,341

Destination Maternity Corp.*

    1,000      25,660

Dress Barn, Inc.*

    10,660      278,866

DSW, Inc., Class A*

    2,360      60,251

Finish Line, Inc., Class A

    7,570      123,542

Genesco, Inc.*

    4,160      129,002

 

See Notes to Portfolio of Investments.

137

EQ ADVISORS TRUST

EQ/AXA FRANKLIN SMALL CAP VALUE CORE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Group 1 Automotive, Inc.*

    112,460    $ 3,582,976

Gymboree Corp.*

    17,740      915,916

Haverty Furniture Cos., Inc.

    3,088      50,396

hhgregg, Inc.*

    2,000      50,480

Hibbett Sports, Inc.*

    4,730      120,993

HOT Topic, Inc.*

    6,780      44,070

J. Crew Group, Inc.*

    8,658      397,402

Jo-Ann Stores, Inc.*

    4,520      189,750

JoS. A. Bank Clothiers, Inc.*

    3,373      184,334

Kirkland’s, Inc.*

    1,900      39,900

Lithia Motors, Inc., Class A*

    4,300      27,520

Lumber Liquidators Holdings, Inc.*

    2,740      73,076

Men’s Wearhouse, Inc.

    125,176      2,996,713

Midas, Inc.*

    2,460      27,749

Monro Muffler Brake, Inc.

    2,757      98,590

New York & Co., Inc.*

    4,100      19,639

OfficeMax, Inc.*

    13,400      220,028

Pacific Sunwear of California, Inc.*

    11,760      62,446

PEP Boys-Manny, Moe & Jack

    8,880      89,244

Pier 1 Imports, Inc.*

    105,492      671,984

Rent-A-Center, Inc.*

    11,670      275,996

REX Stores Corp.*

    1,290      20,898

Rue21, Inc.*

    1,000      34,670

Sally Beauty Holdings, Inc.*

    16,780      149,678

Shoe Carnival, Inc.*

    1,550      35,433

Sonic Automotive, Inc., Class A*

    5,877      64,647

Stage Stores, Inc.

    6,820      104,960

Stein Mart, Inc.*

    4,460      40,274

Syms Corp.*

    1,140      11,354

Systemax, Inc.

    1,820      39,567

Talbots, Inc.*

    4,270      55,339

Tractor Supply Co.

    6,340      368,037

Ulta Salon Cosmetics & Fragrance, Inc.*

    4,840      109,481

Vitamin Shoppe, Inc.*

    1,300      29,185

West Marine, Inc.*

    106,750      1,158,237

Wet Seal, Inc., Class A*

    16,880      80,349

Zale Corp.*

    1,979      5,422

Zumiez, Inc.*

    3,490      71,510
         
        17,782,777
         

Textiles, Apparel & Luxury Goods (1.7%)

      

American Apparel, Inc.*

    5,840      17,695

Carter’s, Inc.*

    9,720      293,058

Cherokee, Inc.

    1,320      23,760

Columbia Sportswear Co.

    1,970      103,484

Crocs, Inc.*

    14,950      131,111

Deckers Outdoor Corp.*

    2,240      309,120

Fossil, Inc.*

    8,190      309,091

Fuqi International, Inc.*

    2,410      26,269

G-III Apparel Group Ltd.*

    2,336      64,380

Iconix Brand Group, Inc.*

    12,380      190,157

Jones Apparel Group, Inc

    15,314      291,272

Kenneth Cole Productions, Inc., Class A*

    1,570      20,112

K-Swiss, Inc., Class A*

    4,630      48,430

Liz Claiborne, Inc.*

    17,300      128,539

Lululemon Athletica, Inc.*

    7,230      300,045

Maidenform Brands, Inc.*

    3,140      68,609

Movado Group, Inc.*

    2,760      31,133

Oxford Industries, Inc.

    2,491      50,642

Perry Ellis International, Inc.*

    1,392      31,529

Quiksilver, Inc.*

    22,900      108,317

Skechers U.S.A., Inc., Class A*

    5,615      203,937

Steven Madden Ltd.*

    2,890      141,032

Timberland Co., Class A*

    30,190      644,255

True Religion Apparel, Inc.*

    4,635    $ 140,718

Under Armour, Inc., Class A*

    5,880      172,931

Unifi, Inc.*

    7,960      28,974

UniFirst Corp.

    2,460      126,690

Volcom, Inc.*

    3,220      62,854

Warnaco Group, Inc.*

    46,215      2,204,918

Weyco Group, Inc.

    1,250      29,400

Wolverine World Wide, Inc.

    8,530      248,735
         
        6,551,197
         

Total Consumer Discretionary

         67,315,113
         

Consumer Staples (2.0%)

      

Beverages (0.0%)

      

Boston Beer Co., Inc., Class A*

    1,380      72,119

Coca-Cola Bottling Co. Consolidated

    710      41,649

Heckmann Corp.*

    14,800      85,840

National Beverage Corp.

    1,880      20,905
         
        220,513
         

Food & Staples Retailing (0.9%)

      

Andersons, Inc.

    3,370      112,828

Arden Group, Inc., Class A

    200      21,256

Casey’s General Stores, Inc.

    67,425      2,117,145

Diedrich Coffee, Inc.*

    500      17,400

Great Atlantic & Pacific Tea Co., Inc.*

    6,460      49,548

Ingles Markets, Inc., Class A

    2,290      34,419

Nash Finch Co.

    2,320      78,068

Pantry, Inc.*

    3,610      45,089

Pricesmart, Inc.

    2,720      63,240

Ruddick Corp.

    7,630      241,413

Spartan Stores, Inc.

    3,880      55,950

Susser Holdings Corp.*

    1,340      11,323

United Natural Foods, Inc.*

    7,650      215,194

Village Super Market, Inc., Class A

    1,110      31,113

Weis Markets, Inc.

    2,000      72,720

Winn-Dixie Stores, Inc.*

    9,680      120,903
         
        3,287,609
         

Food Products (0.7%)

      

AgFeed Industries, Inc.*

    5,280      23,179

Alico, Inc.

    620      15,655

American Dairy, Inc.*

    1,557      29,817

American Italian Pasta Co., Class A*

    3,891      151,243

B&G Foods, Inc., Class A

    7,557      79,197

Calavo Growers, Inc.

    1,830      33,379

Cal-Maine Foods, Inc.

    2,270      76,930

Chiquita Brands International, Inc.*

    7,474      117,566

Darling International, Inc.*

    14,980      134,221

Diamond Foods, Inc.

    3,610      151,764

Dole Food Co., Inc.*

    5,700      67,545

Farmer Bros Co.

    1,190      22,301

Fresh Del Monte Produce, Inc.*

    7,310      148,028

Griffin Land & Nurseries, Inc.

    580      16,849

Hain Celestial Group, Inc.*

    7,627      132,328

Harbinger Group, Inc.*

    1,700      11,509

HQ Sustainable Maritime Industries, Inc.*

    1,770      10,620

Imperial Sugar Co.

    2,460      38,155

J&J Snack Foods Corp.

    2,450      106,502

Lancaster Colony Corp.

    3,290      193,978

Lance, Inc.

    4,970      114,956

Lifeway Foods, Inc.*

    830      9,852

Omega Protein Corp.*

    3,310      19,033

Overhill Farms, Inc.*

    3,200      18,656

Sanderson Farms, Inc.

    3,450      184,955

Seneca Foods Corp., Class A*

    1,400      40,768

Smart Balance, Inc.*

    12,042      78,032

 

See Notes to Portfolio of Investments.

138

EQ ADVISORS TRUST

EQ/AXA FRANKLIN SMALL CAP VALUE CORE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Synutra International, Inc.*

    3,418    $ 77,281

Tootsie Roll Industries, Inc.

    4,398      118,881

TreeHouse Foods, Inc.*

    5,874      257,692

Zhongpin, Inc.*

    4,706      59,766
         
        2,540,638
         

Household Products (0.1%)

      

Cellu Tissue Holdings, Inc.*

    1,273      12,705

Central Garden & Pet Co., Class A*

    11,070      101,401

Oil-Dri Corp. of America

    1,100      21,263

Orchids Paper Products Co.*

    800      13,160

WD-40 Co.

    2,850      93,565
         
        242,094
         

Personal Products (0.2%)

      

American Oriental Bioengineering, Inc.*

    12,160      49,613

China Sky One Medical, Inc.*

    2,070      32,520

China-Biotics, Inc.*

    1,500      26,865

Elizabeth Arden, Inc.*

    4,600      82,800

Female Health Co.

    3,300      23,661

Inter Parfums, Inc.

    2,480      36,754

Mannatech, Inc.

    2,750      9,185

Medifast, Inc.*

    2,028      50,964

Nu Skin Enterprises, Inc., Class A

    8,760      254,916

Nutraceutical International Corp.*

    1,800      26,892

Prestige Brands Holdings, Inc.*

    5,870      52,830

Revlon, Inc., Class A*

    3,700      54,945

Schiff Nutrition International, Inc.

    1,735      14,192

USANA Health Sciences, Inc.*

    1,160      36,435
         
        752,572
         

Tobacco (0.1%)

      

Alliance One International, Inc.*

    14,650      74,569

Star Scientific, Inc.*

    11,928      30,416

Universal Corp.

    4,430      233,417

Vector Group Ltd.

    7,045      108,704
         
        447,106
         

Total Consumer Staples

         7,490,532
         

Energy (7.7%)

      

Energy Equipment & Services (5.5%)

      

Allis-Chalmers Energy, Inc.*

    9,240      32,710

Atwood Oceanics, Inc.*

    51,850      1,795,566

Basic Energy Services, Inc.*

    3,740      28,835

Bolt Technology Corp.*

    1,530      17,304

Boots & Coots, Inc.*

    15,600      37,908

Bristow Group, Inc.*

    65,340      2,465,278

Bronco Drilling Co., Inc.*

    3,410      16,027

Cal Dive International, Inc.*

    7,800      57,174

CARBO Ceramics, Inc.

    6,128      382,020

Complete Production Services, Inc.*

    10,640      122,892

Dawson Geophysical Co.*

    1,622      47,427

Dril-Quip, Inc.*

    5,200      316,368

ENGlobal Corp.*

    3,010      8,338

Geokinetics, Inc.*

    956      6,893

Global Industries Ltd.*

    243,450      1,562,949

Gulf Island Fabrication, Inc.

    2,140      46,545

Gulfmark Offshore, Inc., Class A*

    4,190      111,244

Helix Energy Solutions Group, Inc.*

    110,700      1,442,421

Hercules Offshore, Inc.*

    21,442      92,415

Hornbeck Offshore Services, Inc.*

    4,210      78,180

ION Geophysical Corp.*

    19,742      97,131

Key Energy Services, Inc.*

    21,800      208,190

Lufkin Industries, Inc.

    2,560      202,624

Matrix Service Co.*

    4,690      50,464

Natural Gas Services Group, Inc.*

    2,200      34,914

Newpark Resources, Inc.*

    15,860    $ 83,265

Oil States International, Inc.*

    43,900      1,990,426

OYO Geospace Corp.*

    720      34,423

Parker Drilling Co.*

    21,260      104,812

PHI, Inc.*

    2,410      51,044

Pioneer Drilling Co.*

    7,580      53,363

Rowan Cos., Inc.*

    149,000      4,337,390

RPC, Inc.

    5,070      56,429

Sulphco, Inc.*

    9,950      2,885

Superior Well Services, Inc.*

    2,920      39,070

T-3 Energy Services, Inc.*

    2,200      54,032

TETRA Technologies, Inc.*

    13,300      162,526

TGC Industries, Inc.*

    2,800      11,312

Tidewater, Inc.

    38,500      1,819,895

Union Drilling, Inc.*

    1,860      11,458

Unit Corp.*

    63,150      2,669,982

Vantage Drilling Co.*

    9,900      14,652

Willbros Group, Inc.*

    7,340      88,153
         
        20,846,934
         

Oil, Gas & Consumable Fuels (2.2%)

      

Alon USA Energy, Inc.

    1,280      9,280

Apco Oil and Gas International, Inc.

    1,580      42,755

Approach Resources, Inc.*

    2,440      22,155

Arch Coal, Inc.

    16,800      383,880

Arena Resources, Inc.*

    6,980      233,132

Atlas Energy, Inc.*

    11,900      370,328

ATP Oil & Gas Corp.*

    7,261      136,579

Berry Petroleum Co., Class A

    8,690      244,710

Bill Barrett Corp.*

    6,737      206,893

BPZ Resources, Inc.*

    15,960      117,306

Brigham Exploration Co.*

    17,150      273,542

Carrizo Oil & Gas, Inc.*

    4,780      109,701

Cheniere Energy, Inc.*

    11,716      36,202

Clayton Williams Energy, Inc.*

    1,050      36,729

Clean Energy Fuels Corp.*

    5,928      135,040

Cloud Peak Energy, Inc.*

    5,000      83,200

Contango Oil & Gas Co.*

    2,080      106,392

CREDO Petroleum Corp.*

    1,100      10,879

Crosstex Energy, Inc.*

    6,890      59,874

Cubic Energy, Inc.*

    3,900      4,134

CVR Energy, Inc.*

    4,020      35,175

Delek U.S. Holdings, Inc.

    2,230      16,234

Delta Petroleum Corp.*

    32,810      46,262

DHT Holdings, Inc.

    7,490      29,361

Endeavour International Corp.*

    20,680      26,264

Evergreen Energy, Inc.*

    20,930      3,767

FX Energy, Inc.*

    7,460      25,588

General Maritime Corp.

    9,410      67,658

GeoResources, Inc.*

    1,270      19,393

GMX Resources, Inc.*

    5,910      48,580

Golar LNG Ltd.*

    6,160      72,072

Goodrich Petroleum Corp.*

    3,849      60,198

Gran Tierra Energy, Inc.*

    35,840      211,456

Green Plains Renewable Energy, Inc.*

    2,000      28,540

Gulfport Energy Corp.*

    4,690      52,716

Harvest Natural Resources, Inc.*

    5,850      44,050

International Coal Group, Inc.*

    19,539      89,293

Isramco, Inc.*

    200      13,110

James River Coal Co.*

    4,435      70,517

Knightsbridge Tankers Ltd.

    2,550      43,197

McMoRan Exploration Co.*

    13,884      203,123

Nordic American Tanker Shipping Ltd.

    7,971      241,282

Northern Oil and Gas, Inc.*

    5,890      93,356

Oilsands Quest, Inc.*

    34,620      25,591

 

See Notes to Portfolio of Investments.

139

EQ ADVISORS TRUST

EQ/AXA FRANKLIN SMALL CAP VALUE CORE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Overseas Shipholding Group, Inc.

    29,000    $ 1,137,670

Panhandle Oil and Gas, Inc., Class A

    1,280      30,246

Patriot Coal Corp.*

    12,891      263,750

Penn Virginia Corp.

    7,830      191,835

Petroleum Development Corp.*

    3,676      85,173

PetroQuest Energy, Inc.*

    9,920      49,898

PrimeEnergy Corp.*

    60      1,616

Rex Energy Corp.*

    4,920      56,039

Rosetta Resources, Inc.*

    9,380      220,899

Ship Finance International Ltd.

    8,030      142,613

Stone Energy Corp.*

    7,634      135,503

Swift Energy Co.*

    6,823      209,739

Syntroleum Corp.*

    12,300      26,076

Teekay Corp.

    47,869      1,088,541

Teekay Tankers Ltd., Class A

    1,119      14,066

Toreador Resources Corp.*

    4,220      34,520

Uranerz Energy Corp.*

    9,500      17,670

Uranium Energy Corp.*

    9,000      28,980

USEC, Inc.*

    20,340      117,362

VAALCO Energy, Inc.*

    10,450      51,623

Venoco, Inc.*

    3,190      40,928

W&T Offshore, Inc.

    6,300      52,920

Warren Resources, Inc.*

    10,680      26,914

Western Refining, Inc.*

    7,749      42,620

Westmoreland Coal Co.*

    1,680      21,202

World Fuel Services Corp.

    10,100      269,064

Zion Oil & Gas, Inc.*

    2,337      14,466
         
        8,561,427
         

Total Energy

         29,408,361
         

Financials (16.5%)

      

Capital Markets (1.2%)

      

Allied Capital Corp.*

    32,466      161,356

American Capital Ltd.*

    50,157      254,798

Apollo Investment Corp.

    30,450      387,629

Ares Capital Corp.

    22,570      334,939

Artio Global Investors, Inc.

    4,600      113,804

BGC Partners, Inc., Class A

    8,860      54,135

BlackRock Kelso Capital Corp.

    2,250      22,410

Broadpoint Gleacher Securities, Inc.*

    8,570      34,280

Calamos Asset Management, Inc., Class A

    3,470      49,760

Capital Southwest Corp.

    530      48,166

Cohen & Steers, Inc.

    3,030      75,629

Cowen Group, Inc., Class A*

    2,900      16,414

Diamond Hill Investment Group, Inc.

    390      26,754

Duff & Phelps Corp., Class A

    3,060      51,224

E*TRADE Financial Corp.*

    276,000      455,400

Epoch Holding Corp.

    1,920      21,677

Evercore Partners, Inc., Class A

    2,410      72,300

FBR Capital Markets Corp.*

    2,730      12,422

Fifth Street Finance Corp.

    6,130      71,169

GAMCO Investors, Inc., Class A

    1,340      60,970

GFI Group, Inc.

    11,560      66,817

Gladstone Capital Corp.

    3,660      43,188

Gladstone Investment Corp.

    3,890      23,262

Harris & Harris Group, Inc.*

    5,760      26,554

Hercules Technology Growth Capital, Inc.

    5,880      62,269

International Assets Holding Corp.*

    2,271      33,997

JMP Group, Inc.

    2,900      24,650

KBW, Inc.*

    6,210      167,049

Knight Capital Group, Inc., Class A*

    15,657      238,769

Kohlberg Capital Corp.

    3,070      17,376

LaBranche & Co., Inc.*

    7,155      37,635

Main Street Capital Corp.

    1,400    $ 21,854

MCG Capital Corp.*

    12,600      65,646

MF Global Holdings Ltd.*

    17,734      143,113

MVC Capital, Inc.

    3,860      52,380

NGP Capital Resources Co.

    3,840      32,717

Oppenheimer Holdings, Inc., Class A

    1,800      45,918

optionsXpress Holdings, Inc.*

    7,570      123,315

PennantPark Investment Corp.

    3,740      38,746

Penson Worldwide, Inc.*

    3,670      36,957

Piper Jaffray Cos., Inc.*

    3,540      142,662

Prospect Capital Corp.

    11,791      143,261

Pzena Investment Management, Inc., Class A*

    1,100      8,393

Riskmetrics Group, Inc.*

    3,760      85,014

Safeguard Scientifics, Inc.*

    3,611      46,943

Sanders Morris Harris Group, Inc.

    3,400      21,046

Solar Capital Ltd.

    893      18,878

Stifel Financial Corp.*

    5,220      280,575

SWS Group, Inc.

    4,350      50,155

Thomas Weisel Partners Group, Inc.*

    3,540      13,877

TICC Capital Corp.

    4,400      28,996

TradeStation Group, Inc.*

    5,830      40,868

Triangle Capital Corp.

    1,500      21,060

U.S. Global Investors, Inc., Class A

    2,710      26,802

Virtus Investment Partners, Inc.*

    1,010      21,048

Westwood Holdings Group, Inc.

    940      34,592
         
        4,611,618
         

Commercial Banks (3.4%)

      

1st Source Corp.

    2,620      45,981

Alliance Financial Corp./New York

    700      20,636

American National Bankshares, Inc.

    1,300      26,195

Ameris Bancorp

    2,495      22,530

Ames National Corp.

    1,140      22,857

Arrow Financial Corp.

    1,648      44,315

Auburn National Bancorp., Inc.

    500      10,325

BancFirst Corp.

    1,100      46,101

Banco Latinoamericano de Comercio Exterior S.A.

    4,930      70,795

Bancorp Rhode Island, Inc.

    600      16,410

Bancorp, Inc./Delaware*

    2,701      24,039

Bank of Kentucky Financial Corp.

    700      13,958

Bank of Marin Bancorp/California

    900      29,772

Bank of the Ozarks, Inc.

    2,554      89,875

Banner Corp.

    2,770      10,637

Bar Harbor Bankshares

    500      15,250

Boston Private Financial Holdings, Inc.

    12,690      93,525

Bridge Bancorp, Inc.

    1,100      25,740

Bryn Mawr Bank Corp.

    1,200      21,780

Camden National Corp.

    1,350      43,348

Cape Bancorp, Inc.*

    1,900      15,333

Capital City Bank Group, Inc.

    2,070      29,497

Cardinal Financial Corp.

    4,960      52,973

Cathay General Bancorp

    13,905      161,993

Center Bancorp, Inc.

    2,019      16,778

Centerstate Banks, Inc.

    2,720      33,320

Central Pacific Financial Corp.*

    4,980      8,366

Century Bancorp, Inc./Massachusetts, Class A

    800      15,360

Chemical Financial Corp.

    62,720      1,481,446

Chicopee Bancorp, Inc.*

    1,400      17,780

Citizens & Northern Corp.

    1,577      19,791

Citizens Holding Co.

    700      17,276

Citizens Republic Bancorp, Inc.*

    63,743      75,217

City Holding Co.

    2,820      96,698

 

See Notes to Portfolio of Investments.

140

EQ ADVISORS TRUST

EQ/AXA FRANKLIN SMALL CAP VALUE CORE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

CNB Financial Corp./Pennsylvania

    1,400    $ 21,616

CoBiz Financial, Inc.

    4,200      26,166

Columbia Banking System, Inc.

    4,620      93,832

Community Bank System, Inc.

    5,820      132,580

Community Trust Bancorp, Inc.

    2,710      73,414

CVB Financial Corp.

    15,780      156,695

Danvers Bancorp, Inc.

    3,580      49,511

Eagle Bancorp, Inc.*

    2,000      23,700

East West Bancorp, Inc.

    19,442      338,680

Enterprise Bancorp, Inc./Massachusetts

    1,100      13,431

Enterprise Financial Services Corp.

    1,940      21,456

F.N.B. Corp./Pennsylvania

    19,420      157,496

Farmers Capital Bank Corp.

    1,100      9,427

Financial Institutions, Inc.

    1,970      28,801

First Bancorp, Inc./Maine

    1,510      24,069

First Bancorp/North Carolina

    2,500      33,800

First BanCorp/Puerto Rico

    12,200      29,402

First Busey Corp.

    6,985      30,874

First California Financial Group, Inc.*

    1,300      3,432

First Commonwealth Financial Corp.

    15,010      100,717

First Community Bancshares, Inc./Virginia

    2,080      25,730

First Financial Bancorp

    9,780      173,986

First Financial Bankshares, Inc.

    3,710      191,251

First Financial Corp./Indiana

    2,070      59,947

First Merchants Corp.

    3,760      26,170

First Midwest Bancorp, Inc./Illinois

    12,907      174,890

First of Long Island Corp.

    1,100      26,510

First South Bancorp, Inc./North Carolina

    1,410      17,625

FirstMerit Corp.

    15,342      330,927

German American Bancorp, Inc.

    1,900      28,747

Glacier Bancorp, Inc.

    12,753      194,228

Great Southern Bancorp, Inc.

    1,700      38,148

Guaranty Bancorp*

    9,380      14,914

Hampton Roads Bankshares, Inc.

    3,600      5,616

Hancock Holding Co.

    5,184      216,743

Harleysville National Corp.

    7,680      51,456

Heartland Financial USA, Inc.

    2,280      36,412

Heritage Financial Corp./Washington*

    1,100      16,599

Home Bancorp, Inc.*

    1,800      25,200

Home Bancshares, Inc./Arkansas

    2,720      71,917

IBERIABANK Corp.

    4,723      283,427

Independent Bank Corp./Massachusetts

    3,680      90,749

International Bancshares Corp.

    9,470      217,715

Investors Bancorp, Inc.*

    8,000      105,600

Lakeland Bancorp, Inc.

    3,550      31,418

Lakeland Financial Corp.

    2,340      44,577

MainSource Financial Group, Inc.

    3,560      23,959

MB Financial, Inc.

    8,834      199,030

Merchants Bancshares, Inc.

    800      17,368

Metro Bancorp, Inc.*

    1,210      16,662

Midsouth Bancorp, Inc.

    1,000      16,500

Nara Bancorp, Inc.*

    6,330      55,451

National Bankshares, Inc./Virginia

    1,400      38,150

National Penn Bancshares, Inc.

    23,350      161,115

NBT Bancorp, Inc.

    6,100      139,385

Northfield Bancorp, Inc./New Jersey

    3,430      49,666

Northrim BanCorp, Inc.

    1,300      22,204

Norwood Financial Corp.

    400      10,800

Ohio Valley Banc Corp.

    700      15,078

Old National Bancorp/Indiana

    16,070      192,037

Old Point Financial Corp.

    500      7,380

Old Second Bancorp, Inc.

    2,420    $ 15,948

OmniAmerican Bancorp, Inc.*

    1,924      22,184

Oriental Financial Group, Inc.

    5,319      71,807

Orrstown Financial Services, Inc.

    900      22,833

Pacific Capital Bancorp N.A.*

    6,410      11,602

Pacific Continental Corp.

    2,610      27,405

PacWest Bancorp

    4,390      100,180

Park National Corp.

    1,930      120,258

Peapack Gladstone Financial Corp.

    1,522      23,911

Penns Woods Bancorp, Inc.

    800      26,840

Peoples Bancorp, Inc./Ohio

    15,960      263,021

Peoples Financial Corp./Mississippi

    600      8,982

Pinnacle Financial Partners, Inc.*

    6,270      94,740

Porter Bancorp, Inc.

    735      9,629

Premierwest Bancorp*

    13,551      6,098

PrivateBancorp, Inc.

    9,700      132,890

Prosperity Bancshares, Inc.

    8,310      340,710

Renasant Corp.

    3,770      60,999

Republic Bancorp, Inc./Kentucky, Class A

    1,610      30,332

Republic First Bancorp, Inc.*

    1,600      6,192

S&T Bancorp, Inc.

    4,190      87,571

Sandy Spring Bancorp, Inc.

    3,760      56,400

Santander BanCorp*

    750      9,202

SCBT Financial Corp.

    2,070      76,673

Shore Bancshares, Inc.

    1,480      21,090

Sierra Bancorp

    1,310      16,886

Signature Bank/New York*

    7,173      265,760

Simmons First National Corp., Class A

    2,640      72,785

Smithtown Bancorp, Inc.

    2,830      11,688

South Financial Group, Inc.

    29,663      20,506

Southside Bancshares, Inc.

    2,237      48,252

Southwest Bancorp, Inc./Oklahoma

    2,530      20,923

State Bancorp, Inc./New York

    2,500      19,675

StellarOne Corp.

    4,060      54,282

Sterling Bancorp/New York

    3,689      37,074

Sterling Bancshares, Inc./Texas

    16,561      92,410

Sterling Financial Corp./Washington*

    9,320      5,312

Suffolk Bancorp

    1,760      54,050

Sun Bancorp, Inc./New Jersey*

    2,419      9,531

Susquehanna Bancshares, Inc.

    22,897      224,620

SVB Financial Group*

    7,387      344,677

SY Bancorp, Inc.

    1,950      44,362

Texas Capital Bancshares, Inc.*

    6,520      123,815

Tompkins Financial Corp.

    1,661      60,593

Tower Bancorp, Inc.

    600      16,062

TowneBank/Virginia

    3,740      52,210

Trico Bancshares

    2,410      47,959

Trustmark Corp.

    10,910      266,531

UMB Financial Corp.

    5,820      236,292

Umpqua Holdings Corp.

    16,180      214,547

Union First Market Bankshares Corp.

    3,938      59,464

United Bankshares, Inc.

    6,840      179,345

United Community Banks, Inc./Georgia*

    15,614      68,858

United Security Bancshares, Inc./Alabama

    1,000      14,970

Univest Corp. of Pennsylvania

    2,570      48,033

Washington Banking Co.

    2,100      26,439

Washington Trust Bancorp, Inc.

    2,490      46,414

Webster Financial Corp.

    12,300      215,127

WesBanco, Inc.

    3,910      63,577

West Bancorp, Inc.

    2,950      19,411

Westamerica Bancorp

    5,279      304,334

Western Alliance Bancorp*

    8,980      51,096

 

See Notes to Portfolio of Investments.

141

EQ ADVISORS TRUST

EQ/AXA FRANKLIN SMALL CAP VALUE CORE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Wilber Corp.

    1,300    $ 8,515

Wilshire Bancorp, Inc.

    3,340      36,840

Wintrust Financial Corp.

    5,061      188,320

Yadkin Valley Financial Corp.

    2,860      12,298
         
        12,921,623
         

Consumer Finance (0.2%)

      

Advance America Cash Advance Centers, Inc.

    7,530      43,825

Cardtronics, Inc.*

    2,260      28,408

Cash America International, Inc.

    5,380      212,403

CompuCredit Holdings Corp.

    2,900      14,964

Credit Acceptance Corp.*

    1,040      42,890

Dollar Financial Corp.*

    4,170      100,330

EZCORP, Inc., Class A*

    7,850      161,710

First Cash Financial Services, Inc.*

    3,990      86,064

First Marblehead Corp.*

    11,050      31,382

Nelnet, Inc., Class A

    3,670      68,115

QC Holdings, Inc.

    1,000      5,170

Rewards Network, Inc.

    1,033      13,842

World Acceptance Corp.*

    3,027      109,214
         
        918,317
         

Diversified Financial Services (0.2%)

      

Asset Acceptance Capital Corp.*

    2,660      16,785

California First National Bancorp

    200      2,670

Compass Diversified Holdings

    4,130      63,024

Encore Capital Group, Inc.*

    2,410      39,644

Life Partners Holdings, Inc.

    990      21,948

MarketAxess Holdings, Inc.

    5,650      88,874

Medallion Financial Corp.

    2,590      20,616

NewStar Financial, Inc.*

    4,190      26,732

PHH Corp.*

    9,201      216,868

PICO Holdings, Inc.*

    3,800      141,322

Portfolio Recovery Associates, Inc.*

    2,880      158,026

Primus Guaranty Ltd.*

    3,740      15,708

Resource America, Inc., Class A

    1,790      8,592
         
        820,809
         

Insurance (7.2%)

      

Ambac Financial Group, Inc.*

    57,030      31,754

American Equity Investment Life Holding Co.

    9,660      102,879

American National Insurance Co.

    12,350      1,402,219

American Physicians Capital, Inc.

    1,660      53,037

American Physicians Service Group, Inc.

    1,100      27,500

American Safety Insurance Holdings Ltd.*

    1,540      25,549

AMERISAFE, Inc.*

    3,800      62,206

Amtrust Financial Services, Inc.

    3,970      55,382

Argo Group International Holdings Ltd.

    5,330      173,705

Arthur J. Gallagher & Co.

    39,300      964,815

Aspen Insurance Holdings Ltd.

    80,950      2,334,598

Assured Guaranty Ltd.

    21,600      474,552

Baldwin & Lyons, Inc., Class B

    1,500      36,135

Citizens, Inc./Texas*

    5,700      39,387

CNA Surety Corp.*

    2,910      51,769

Conseco, Inc.*

    43,300      269,326

Crawford & Co., Class B*

    4,180      17,013

Delphi Financial Group, Inc., Class A

    7,830      197,003

Donegal Group, Inc., Class A

    2,030      29,455

Eastern Insurance Holdings, Inc.

    1,600      16,224

eHealth, Inc.*

    4,420      69,615

EMC Insurance Group, Inc.

    910      20,493

Employers Holdings, Inc.

    8,290      123,106

Enstar Group, Ltd.*

    1,232    $ 85,205

Erie Indemnity Co., Class A

    35,050      1,511,707

FBL Financial Group, Inc., Class A

    2,250      55,080

First Acceptance Corp.*

    3,000      6,120

First Mercury Financial Corp.

    2,440      31,793

Flagstone Reinsurance Holdings Ltd.

    7,270      83,314

FPIC Insurance Group, Inc.*

    1,530      41,478

Greenlight Capital Reinsurance Ltd., Class A*

    5,000      133,400

Hallmark Financial Services*

    1,520      13,680

Harleysville Group, Inc.

    2,470      83,387

Hilltop Holdings, Inc.*

    6,790      79,782

Horace Mann Educators Corp.

    7,120      107,227

Independence Holding Co.

    1,150      10,914

Infinity Property & Casualty Corp.

    2,400      109,056

Kansas City Life Insurance Co.

    790      24,948

Maiden Holdings Ltd.

    8,830      65,254

Max Capital Group Ltd.

    7,990      183,690

Meadowbrook Insurance Group, Inc.

    10,660      84,214

Mercer Insurance Group, Inc.

    900      16,200

Montpelier Reinsurance Holdings Ltd.

    113,346      1,905,346

National Financial Partners Corp.*

    7,040      99,264

National Interstate Corp.

    1,070      22,160

National Western Life Insurance Co., Class A

    400      73,740

Navigators Group, Inc.*

    2,180      85,739

NYMAGIC, Inc.

    770      16,347

Old Republic International Corp.

    257,000      3,258,760

Phoenix Cos., Inc.*

    20,700      50,094

Platinum Underwriters Holdings Ltd.

    8,696      322,448

PMA Capital Corp., Class A*

    5,510      33,831

Presidential Life Corp.

    3,760      37,487

ProAssurance Corp.*

    5,800      339,532

Protective Life Corp.

    188,000      4,134,120

RLI Corp.

    24,940      1,422,079

Safety Insurance Group, Inc.

    2,140      80,614

SeaBright Insurance Holdings, Inc.

    3,300      36,333

Selective Insurance Group, Inc.

    9,450      156,870

StanCorp Financial Group, Inc.

    28,650      1,364,599

State Auto Financial Corp.

    2,460      44,157

Stewart Information Services Corp.

    3,400      46,920

Tower Group, Inc.

    94,734      2,100,253

United America Indemnity Ltd., Class A*

    6,210      59,430

United Fire & Casualty Co.

    3,950      71,060

Universal Insurance Holdings, Inc.

    3,400      17,204

Validus Holdings Ltd.

    72,222      1,988,272

Zenith National Insurance Corp.

    6,752      258,737
         
        27,329,567
         

Real Estate Investment Trusts (REITs) (3.0%)

      

Acadia Realty Trust (REIT)

    7,579      135,361

Agree Realty Corp. (REIT)

    1,350      30,861

Alexander’s, Inc. (REIT)*

    350      104,695

American Campus Communities, Inc. (REIT)

    9,548      264,098

American Capital Agency Corp. (REIT)

    2,503      64,077

Anworth Mortgage Asset Corp. (REIT)

    20,620      138,979

Apollo Commercial Real Estate Finance, Inc. (REIT)

    1,300      23,413

Ashford Hospitality Trust, Inc. (REIT)*

    9,110      65,319

Associated Estates Realty Corp. (REIT)

    2,830      39,026

 

See Notes to Portfolio of Investments.

142

EQ ADVISORS TRUST

EQ/AXA FRANKLIN SMALL CAP VALUE CORE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

BioMed Realty Trust, Inc. (REIT)

    17,927    $ 296,513

CapLease, Inc. (REIT)

    7,950      44,122

Capstead Mortgage Corp. (REIT)

    11,690      139,812

CBL & Associates Properties, Inc. (REIT)

    24,851      340,459

Cedar Shopping Centers, Inc. (REIT)

    6,920      54,737

Chesapeake Lodging Trust (REIT)*

    1,553      30,237

Cogdell Spencer, Inc. (REIT)

    4,680      34,632

Colonial Properties Trust (REIT)

    11,380      146,574

Colony Financial, Inc. (REIT)

    2,100      42,000

Cousins Properties, Inc. (REIT)

    12,431      103,298

CreXus Investment Corp. (REIT)

    1,900      25,403

Cypress Sharpridge Investments, Inc. (REIT)

    2,800      37,464

DCT Industrial Trust, Inc. (REIT)

    35,778      187,119

Developers Diversified Realty Corp. (REIT)

    36,642      445,933

DiamondRock Hospitality Co. (REIT)*

    22,887      231,388

DuPont Fabros Technology, Inc. (REIT)

    4,930      106,439

Dynex Capital, Inc. (REIT)

    1,800      16,200

EastGroup Properties, Inc. (REIT)

    4,770      180,020

Education Realty Trust, Inc. (REIT)

    8,850      50,799

Entertainment Properties Trust (REIT)

    7,212      296,629

Equity Lifestyle Properties, Inc. (REIT)

    4,636      249,788

Equity One, Inc. (REIT)

    5,593      105,652

Extra Space Storage, Inc. (REIT)

    15,126      191,798

FelCor Lodging Trust, Inc. (REIT)*

    11,490      65,493

First Industrial Realty Trust, Inc. (REIT)*

    8,410      65,262

First Potomac Realty Trust (REIT)

    5,986      89,970

Franklin Street Properties Corp. (REIT)

    11,270      162,626

Getty Realty Corp. (REIT)

    3,030      70,902

Gladstone Commercial Corp. (REIT)

    1,700      24,565

Glimcher Realty Trust (REIT)

    12,353      62,630

Government Properties Income Trust (REIT)

    2,600      67,626

Gramercy Capital Corp./New York (REIT)*

    7,640      21,316

Hatteras Financial Corp. (REIT)

    6,780      174,721

Healthcare Realty Trust, Inc. (REIT)

    10,871      253,186

Hersha Hospitality Trust (REIT)

    19,825      102,693

Highwoods Properties, Inc. (REIT)

    12,403      393,547

Home Properties, Inc. (REIT)

    6,158      288,194

Inland Real Estate Corp. (REIT)

    12,110      110,806

Invesco Mortgage Capital, Inc. (REIT)

    2,600      59,800

Investors Real Estate Trust (REIT)

    12,120      109,322

iStar Financial, Inc. (REIT)*

    18,169      83,396

Kilroy Realty Corp. (REIT)

    7,926      244,438

Kite Realty Group Trust (REIT)

    6,960      32,921

LaSalle Hotel Properties (REIT)

    11,330      263,989

Lexington Realty Trust (REIT)

    16,137      105,052

LTC Properties, Inc. (REIT)

    4,476      121,121

Medical Properties Trust, Inc. (REIT)

    14,370      150,598

MFA Financial, Inc. (REIT)

    50,881      374,484

Mid-America Apartment Communities, Inc. (REIT)

    4,942      255,946

Mission West Properties, Inc. (REIT)

    2,840      19,539

Monmouth Real Estate Investment Corp. (REIT), Class A

    3,540      29,771

National Health Investors, Inc. (REIT)

    4,590    $ 177,908

National Retail Properties, Inc. (REIT)

    14,492      330,852

NorthStar Realty Finance Corp. (REIT)

    10,630      44,752

Omega Healthcare Investors, Inc. (REIT)

    15,428      300,692

Parkway Properties, Inc./Maryland (REIT)

    3,830      71,927

Pebblebrook Hotel Trust (REIT)*

    3,528      74,194

Pennsylvania Real Estate Investment Trust (REIT)

    6,360      79,309

Pennymac Mortgage Investment Trust (REIT)*

    2,500      41,525

Post Properties, Inc. (REIT)

    8,830      194,437

Potlatch Corp. (REIT)

    7,278      255,021

PS Business Parks, Inc. (REIT)

    3,050      162,870

RAIT Financial Trust (REIT)*

    10,049      19,897

Ramco-Gershenson Properties Trust (REIT)

    4,010      45,153

Redwood Trust, Inc. (REIT)

    14,010      216,034

Resource Capital Corp. (REIT)

    6,610      44,684

Saul Centers, Inc. (REIT)

    1,090      45,126

Sovran Self Storage, Inc. (REIT)

    5,139      179,145

Strategic Hotels & Resorts, Inc. (REIT)*

    14,909      63,363

Sun Communities, Inc. (REIT)

    2,980      75,096

Sunstone Hotel Investors, Inc. (REIT)*

    17,690      197,597

Tanger Factory Outlet Centers (REIT)

    7,358      317,571

Terreno Realty Corp. (REIT)*

    1,714      33,817

Transcontinental Realty Investors, Inc.*

    100      1,252

UMH Properties, Inc. (REIT)

    2,000      16,340

Universal Health Realty Income Trust (REIT)

    2,080      73,507

Urstadt Biddle Properties, Inc. (REIT), Class A

    3,640      57,548

U-Store-It Trust (REIT)

    15,100      108,720

Walter Investment Management Corp. (REIT)

    4,700      75,200

Washington Real Estate Investment Trust (REIT)

    10,573      323,005

Winthrop Realty Trust (REIT)

    2,545      30,642
         
        11,683,943
         

Real Estate Management & Development (0.1%)

      

American Realty Investors, Inc.*

    700      7,525

Avatar Holdings, Inc.*

    1,080      23,479

China Housing & Land Development, Inc.*

    4,600      17,480

Consolidated-Tomoka Land Co.

    960      30,250

Forestar Group, Inc.*

    6,380      120,454

Tejon Ranch Co.*

    1,940      59,209
         
        258,397
         

Thrifts & Mortgage Finance (1.2%)

      

Abington Bancorp, Inc.

    3,880      30,652

Astoria Financial Corp.

    14,800      214,600

Bank Mutual Corp.

    8,440      54,860

BankFinancial Corp.

    3,540      32,462

Beneficial Mutual Bancorp, Inc.*

    5,780      54,794

Berkshire Hills Bancorp, Inc.

    2,400      43,992

Brookline Bancorp, Inc.

    11,236      119,551

 

See Notes to Portfolio of Investments.

143

EQ ADVISORS TRUST

EQ/AXA FRANKLIN SMALL CAP VALUE CORE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Brooklyn Federal Bancorp, Inc.

    590    $ 4,956

Cheviot Financial Corp.

    800      7,376

Clifton Savings Bancorp, Inc.

    1,640      15,203

Dime Community Bancshares, Inc.

    5,030      63,529

Doral Financial Corp.*

    960      4,137

ESB Financial Corp.

    1,500      19,335

ESSA Bancorp, Inc.

    2,720      34,109

First Defiance Financial Corp.

    1,300      13,156

First Financial Holdings, Inc.

    2,360      35,542

First Financial Northwest, Inc.

    3,570      24,383

First Financial Service Corp.

    600      5,250

Flagstar Bancorp, Inc.*

    19,728      11,837

Flushing Financial Corp.

    4,690      59,375

Fox Chase Bancorp, Inc.*

    970      10,486

Heritage Financial Group

    300      3,624

Home Federal Bancorp, Inc./Idaho

    3,240      47,012

Kearny Financial Corp.

    3,100      32,333

Kentucky First Federal Bancorp

    900      9,441

K-Fed Bancorp

    1,000      8,920

Legacy Bancorp., Inc./Massachusetts

    1,600      15,184

Meridian Interstate Bancorp, Inc.*

    1,710      17,784

MGIC Investment Corp.*

    22,472      246,518

NASB Financial, Inc.

    590      13,641

NewAlliance Bancshares, Inc.

    19,300      243,566

Northeast Community Bancorp, Inc.

    900      6,471

Northwest Bancshares, Inc.

    6,727      78,975

OceanFirst Financial Corp.

    2,360      26,810

Ocwen Financial Corp.*

    9,555      105,965

Oritani Financial Corp.

    1,620      26,033

PMI Group, Inc.*

    11,505      62,357

Provident Financial Services, Inc.

    10,720      127,568

Provident New York Bancorp

    5,750      54,510

Prudential Bancorp, Inc. of Pennsylvania

    1,000      8,440

Radian Group, Inc.

    13,947      218,131

Rockville Financial, Inc.

    1,440      17,554

Roma Financial Corp.

    1,520      19,061

Territorial Bancorp, Inc.

    2,000      38,060

Tree.com, Inc.*

    1,400      12,810

TrustCo Bank Corp. NY/New York

    332,590      2,052,080

United Financial Bancorp, Inc.

    2,830      39,563

ViewPoint Financial Group

    1,840      29,826

Waterstone Financial, Inc.*

    1,210      4,380

Westfield Financial, Inc.

    5,530      50,821

WSFS Financial Corp.

    1,090      42,510
         
        4,519,533
         

Total Financials

         63,063,807
         

Health Care (9.3%)

      

Biotechnology (1.9%)

      

Acorda Therapeutics, Inc.*

    6,740      230,508

Affymax, Inc.*

    2,860      67,010

Alkermes, Inc.*

    16,860      218,674

Allos Therapeutics, Inc.*

    13,580      100,899

Alnylam Pharmaceuticals, Inc.*

    6,480      110,290

AMAG Pharmaceuticals, Inc.*

    3,570      124,629

Amicus Therapeutics, Inc.*

    2,550      8,135

Arena Pharmaceuticals, Inc.*

    17,720      54,932

ARIAD Pharmaceuticals, Inc.*

    20,421      69,431

ArQule, Inc.*

    7,110      40,954

Array BioPharma, Inc.*

    8,470      23,208

AVI BioPharma, Inc.*

    15,200      18,088

BioCryst Pharmaceuticals, Inc.*

    4,300      28,251

Biospecifics Technologies Corp.*

    600      16,650

Cardium Therapeutics, Inc.*

    8,200      3,612

Celera Corp.*

    14,460    $ 102,666

Cell Therapeutics, Inc.*

    100,000      54,070

Celldex Therapeutics, Inc.*

    5,366      32,947

Cepheid, Inc.*

    10,400      181,792

Chelsea Therapeutics International, Inc.*

    4,700      16,685

Clinical Data, Inc.*

    2,060      39,964

Cubist Pharmaceuticals, Inc.*

    10,521      237,143

Curis, Inc.*

    11,018      33,825

Cytokinetics, Inc.*

    6,640      21,248

Cytori Therapeutics, Inc.*

    5,840      26,630

Dyax Corp.*

    11,640      39,692

Emergent Biosolutions, Inc.*

    2,720      45,669

Enzon Pharmaceuticals, Inc.*

    9,699      98,736

Exelixis, Inc.*

    19,070      115,755

Facet Biotech Corp.*

    4,130      111,469

Genomic Health, Inc.*

    2,440      42,920

Geron Corp.*

    15,944      90,562

GTx, Inc.*

    3,230      10,788

Halozyme Therapeutics, Inc.*

    11,400      91,086

Hemispherx Biopharma, Inc.*

    19,200      14,208

Human Genome Sciences, Inc.*

    32,201      972,470

Idenix Pharmaceuticals, Inc.*

    4,450      12,549

Idera Pharmaceuticals, Inc.*

    3,820      23,722

Immunogen, Inc.*

    9,560      77,340

Immunomedics, Inc.*

    11,480      38,114

Incyte Corp.*

    15,651      218,488

Infinity Pharmaceuticals, Inc.*

    3,600      21,960

Insmed, Inc.*

    21,800      25,724

InterMune, Inc.*

    7,660      341,406

Isis Pharmaceuticals, Inc.*

    16,610      181,381

Lexicon Pharmaceuticals, Inc.*

    24,537      36,315

Ligand Pharmaceuticals, Inc., Class B*

    19,830      34,703

MannKind Corp.*

    9,690      63,566

Martek Biosciences Corp.*

    5,490      123,580

Maxygen, Inc.*

    4,360      28,645

Medivation, Inc.*

    5,050      52,975

Metabolix, Inc.*

    3,445      41,960

Micromet, Inc.*

    11,125      89,890

Molecular Insight Pharmaceuticals, Inc.*

    3,010      3,943

Momenta Pharmaceuticals, Inc.*

    7,280      108,982

Myriad Pharmaceuticals, Inc.*

    5,205      23,527

Nabi Biopharmaceuticals*

    9,666      52,873

Nanosphere, Inc.*

    1,810      8,670

Neurocrine Biosciences, Inc.*

    7,020      17,901

NeurogesX, Inc.*

    2,200      20,680

Novavax, Inc.*

    13,510      31,208

NPS Pharmaceuticals, Inc.*

    8,500      42,840

Omeros Corp.*

    400      2,816

OncoGenex Pharmaceutical, Inc.*

    900      18,477

Onyx Pharmaceuticals, Inc.*

    11,080      335,502

Opko Health, Inc.*

    8,420      16,672

Orexigen Therapeutics, Inc.*

    4,110      24,208

Osiris Therapeutics, Inc.*

    2,940      21,756

OXiGENE, Inc.*

    5,900      7,257

PDL BioPharma, Inc.

    19,526      121,256

Pharmasset, Inc.*

    3,653      97,900

Poniard Pharmaceuticals, Inc.*

    4,600      5,290

Progenics Pharmaceuticals, Inc.*

    4,780      25,477

Protalix BioTherapeutics, Inc.*

    5,800      38,048

Regeneron Pharmaceuticals, Inc.*

    11,230      297,483

Repligen Corp.*

    5,380      21,843

Rigel Pharmaceuticals, Inc.*

    8,600      68,542

Sangamo BioSciences, Inc.*

    7,810      42,330

 

See Notes to Portfolio of Investments.

144

EQ ADVISORS TRUST

EQ/AXA FRANKLIN SMALL CAP VALUE CORE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Savient Pharmaceuticals, Inc.*

    12,162    $ 175,741

Sciclone Pharmaceuticals, Inc.*

    7,400      26,122

Seattle Genetics, Inc.*

    14,330      171,100

SIGA Technologies, Inc.*

    4,600      30,498

Spectrum Pharmaceuticals, Inc.*

    8,792      40,531

StemCells, Inc.*

    23,500      27,260

Synta Pharmaceuticals Corp.*

    2,940      12,671

Theravance, Inc.*

    11,763      156,683

Vanda Pharmaceuticals, Inc.*

    4,166      48,076

Vical, Inc.*

    9,100      30,576

ZymoGenetics, Inc.*

    7,300      41,829
         
        7,124,482
         

Health Care Equipment & Supplies (3.2%)

      

Abaxis, Inc.*

    3,720      101,147

ABIOMED, Inc.*

    5,480      56,608

Accuray, Inc.*

    7,380      44,944

AGA Medical Holdings, Inc.*

    2,000      32,500

Align Technology, Inc.*

    10,370      200,556

Alphatec Holdings, Inc.*

    4,866      30,996

American Medical Systems Holdings, Inc.*

    13,170      244,699

Analogic Corp.

    2,340      99,988

AngioDynamics, Inc.*

    4,320      67,478

Atrion Corp.

    260      37,190

ATS Medical, Inc.*

    9,200      23,920

Bovie Medical Corp.*

    3,300      20,625

Cantel Medical Corp.

    2,580      51,213

Cardiac Science Corp.*

    3,370      6,302

Cardiovascular Systems, Inc.*

    1,900      10,089

Conceptus, Inc.*

    5,730      114,371

CONMED Corp.*

    5,180      123,336

CryoLife, Inc.*

    4,300      27,821

Cutera, Inc.*

    2,200      22,814

Cyberonics, Inc.*

    5,030      96,375

Cynosure, Inc., Class A*

    1,670      18,771

Delcath Systems, Inc.*

    4,982      40,354

DexCom, Inc.*

    8,556      83,250

Electro-Optical Sciences, Inc.*

    4,200      31,164

Endologix, Inc.*

    8,600      34,744

EnteroMedics, Inc.*

    3,300      1,683

ev3, Inc.*

    12,890      204,435

Exactech, Inc.*

    1,420      29,777

Greatbatch, Inc.*

    4,470      94,719

Haemonetics Corp.*

    4,319      246,831

Hansen Medical, Inc.*

    4,140      9,481

HeartWare International, Inc.*

    1,100      48,917

ICU Medical, Inc.*

    2,020      69,589

Immucor, Inc.*

    12,270      274,725

Insulet Corp.*

    5,890      88,880

Integra LifeSciences Holdings Corp.*

    3,440      150,775

Invacare Corp.

    4,980      132,169

IRIS International, Inc.*

    3,160      32,264

Kensey Nash Corp.*

    1,750      41,282

MAKO Surgical Corp.*

    2,600      35,048

Masimo Corp.

    9,020      239,481

Medical Action Industries, Inc.*

    2,480      30,430

Meridian Bioscience, Inc.

    6,920      140,960

Merit Medical Systems, Inc.*

    4,810      73,353

Micrus Endovascular Corp.*

    2,730      53,836

Natus Medical, Inc.*

    4,880      77,641

Neogen Corp.*

    3,735      93,749

NuVasive, Inc.*

    6,656      300,851

NxStage Medical, Inc.*

    4,130      47,288

OraSure Technologies, Inc.*

    8,230      48,804

Orthofix International N.V.*

    3,080      112,050

Orthovita, Inc.*

    11,580    $ 49,331

Palomar Medical Technologies, Inc.*

    3,190      34,643

Quidel Corp.*

    5,064      73,631

Rochester Medical Corp.*

    1,700      21,794

Rockwell Medical Technologies, Inc.*

    2,300      13,294

RTI Biologics, Inc.*

    9,330      40,399

Sirona Dental Systems, Inc.*

    3,050      115,991

Somanetics Corp.*

    1,770      33,878

SonoSite, Inc.*

    2,809      90,197

Spectranetics Corp.*

    5,640      38,972

Stereotaxis, Inc.*

    4,620      23,146

STERIS Corp.

    74,200      2,497,572

SurModics, Inc.*

    2,670      55,910

Symmetry Medical, Inc.*

    6,430      64,557

Synovis Life Technologies, Inc.*

    2,520      39,136

Teleflex, Inc.

    38,000      2,434,660

Thoratec Corp.*

    9,619      321,756

TomoTherapy, Inc.*

    7,190      24,518

TranS1, Inc.*

    2,220      7,215

Utah Medical Products, Inc.

    500      14,065

Vascular Solutions, Inc.*

    3,200      28,768

Volcano Corp.*

    8,610      208,018

West Pharmaceutical Services, Inc.

    32,310      1,355,405

Wright Medical Group, Inc.*

    6,166      109,570

Young Innovations, Inc.

    1,100      30,976

Zoll Medical Corp.*

    3,940      103,858
         
        12,131,533
         

Health Care Providers & Services (1.7%)

      

Air Methods Corp.*

    2,102      71,468

Alliance HealthCare Services, Inc.*

    4,470      25,121

Allied Healthcare International, Inc.*

    7,300      19,856

Almost Family, Inc.*

    1,410      53,143

Amedisys, Inc.*

    4,659      257,270

America Service Group, Inc.

    1,600      25,744

American Caresource Holding, Inc.*

    2,400      4,248

American Dental Partners, Inc.*

    2,600      33,930

AMERIGROUP Corp.*

    8,986      298,695

AMN Healthcare Services, Inc.*

    5,700      50,160

Amsurg Corp.*

    5,500      118,745

Assisted Living Concepts, Inc., Class A*

    1,840      60,426

Bio-Reference Labs, Inc.*

    1,920      84,422

BioScrip, Inc.*

    7,500      59,850

Capital Senior Living Corp.*

    3,960      20,830

CardioNet, Inc.*

    3,356      25,673

Catalyst Health Solutions, Inc.*

    6,430      266,073

Centene Corp.*

    8,096      194,628

Chemed Corp.

    3,900      212,082

Chindex International, Inc.*

    2,660      31,415

Clarient, Inc.*

    5,900      15,458

Continuecare Corp.*

    6,100      22,570

Corvel Corp.*

    1,320      47,190

Cross Country Healthcare, Inc.*

    5,470      55,302

Emergency Medical Services Corp., Class A*

    5,000      282,750

Emeritus Corp.*

    3,440      70,004

Ensign Group, Inc.

    2,140      37,086

Genoptix, Inc.*

    3,030      107,535

Gentiva Health Services, Inc.*

    4,950      139,986

Hanger Orthopedic Group, Inc.*

    4,360      79,265

Health Grades, Inc.*

    3,900      24,804

HealthSouth Corp.*

    16,190      302,753

Healthspring, Inc.*

    8,720      153,472

Healthways, Inc.*

    6,090      97,866

HMS Holdings Corp.*

    4,342      221,399

 

See Notes to Portfolio of Investments.

145

EQ ADVISORS TRUST

EQ/AXA FRANKLIN SMALL CAP VALUE CORE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

inVentiv Health, Inc.*

    6,020    $ 135,209

IPC The Hospitalist Co., Inc.*

    2,940      103,223

Kindred Healthcare, Inc.*

    6,580      118,769

Landauer, Inc.

    1,710      111,526

LCA-Vision, Inc.*

    2,600      21,632

LHC Group, Inc.*

    2,540      85,166

Magellan Health Services, Inc.*

    6,181      268,750

MedCath Corp.*

    2,115      22,144

Metropolitan Health Networks, Inc.*

    8,288      26,770

Molina Healthcare, Inc.*

    2,667      67,128

MWI Veterinary Supply, Inc.*

    1,990      80,396

National Healthcare Corp.

    1,380      48,824

National Research Corp.

    300      7,596

Nighthawk Radiology Holdings, Inc.*

    3,820      12,148

NovaMed, Inc.*

    3,200      10,880

Odyssey HealthCare, Inc.*

    6,080      110,109

Owens & Minor, Inc.

    7,502      348,018

PharMerica Corp.*

    5,780      105,312

Providence Service Corp.*

    2,130      32,355

PSS World Medical, Inc.*

    10,001      235,124

Psychiatric Solutions, Inc.*

    9,586      285,663

RadNet, Inc.*

    4,890      15,550

RehabCare Group, Inc.*

    4,037      110,089

Res-Care, Inc.*

    4,460      53,475

Select Medical Holdings Corp.*

    5,300      44,732

Skilled Healthcare Group, Inc., Class A*

    2,960      18,263

Sun Healthcare Group, Inc.*

    7,800      74,412

Sunrise Senior Living, Inc.*

    7,980      40,858

Team Health Holdings, Inc.*

    2,568      43,142

Triple-S Management Corp., Class B*

    3,610      64,078

U.S. Physical Therapy, Inc.*

    2,060      35,844

Universal American Corp.*

    4,550      70,070

Virtual Radiologic Corp.*

    1,140      12,540

WellCare Health Plans, Inc.*

    7,393      220,311
         
        6,611,325
         

Health Care Technology (0.3%)

      

AMICAS, Inc.*

    7,100      42,742

athenahealth, Inc.*

    5,830      213,145

Computer Programs & Systems, Inc.

    1,900      74,252

Eclipsys Corp.*

    10,070      200,191

MedAssets, Inc.*

    6,880      144,480

Medidata Solutions, Inc.*

    1,200      18,240

MedQuist, Inc.

    2,100      16,401

Merge Healthcare, Inc.*

    4,400      9,108

Omnicell, Inc.*

    5,490      77,025

Phase Forward, Inc.*

    7,541      98,561

Quality Systems, Inc.

    4,011      246,436

Transcend Services, Inc.*

    1,100      17,875

Vital Images, Inc.*

    2,550      41,233
         
        1,199,689
         

Life Sciences Tools & Services (1.5%)

      

Accelrys, Inc.*

    4,690      28,890

Affymetrix, Inc.*

    12,660      92,924

Albany Molecular Research, Inc.*

    4,170      34,820

BioDelivery Sciences International, Inc.*

    1,500      5,745

Bruker Corp.*

    8,780      128,627

Cambrex Corp.*

    5,140      20,817

Dionex Corp.*

    3,110      232,566

Enzo Biochem, Inc.*

    5,630      33,893

eResearchTechnology, Inc.*

    7,620      52,654

Harvard Bioscience, Inc.*

    5,000      19,350

Kendle International, Inc.*

    2,928      51,181

Luminex Corp.*

    7,600    $ 127,908

Mettler-Toledo International, Inc.*

    19,700      2,151,240

PAREXEL International Corp.*

    9,950      231,935

Pharmaceutical Product Development, Inc.

    85,400      2,028,250

Sequenom, Inc.*

    9,829      62,021

Varian, Inc.*

    5,060      262,007
         
        5,564,828
         

Pharmaceuticals (0.7%)

      

Acura Pharmaceuticals, Inc.*

    1,410      7,600

Adolor Corp.*

    8,320      14,976

Akorn, Inc.*

    10,030      15,346

Ardea Biosciences, Inc.*

    2,480      45,285

ARYx Therapeutics, Inc.*

    4,200      3,654

Auxilium Pharmaceuticals, Inc.*

    8,180      254,889

AVANIR Pharmaceuticals, Inc., Class A*

    12,100      28,072

Biodel, Inc.*

    3,170      13,536

BioMimetic Therapeutics, Inc.*

    2,177      28,628

BMP Sunstone Corp.*

    6,320      31,979

Cadence Pharmaceuticals, Inc.*

    4,420      40,355

Caraco Pharmaceutical Laboratories Ltd.*

    1,890      11,321

Cornerstone Therapeutics, Inc.*

    1,000      6,350

Cumberland Pharmaceuticals, Inc.*

    1,300      13,689

Cypress Bioscience, Inc.*

    6,770      33,173

Depomed, Inc.*

    9,150      32,483

Discovery Laboratories, Inc.*

    16,390      8,523

Durect Corp.*

    14,390      43,314

Hi-Tech Pharmacal Co., Inc.*

    1,248      27,631

Impax Laboratories, Inc.*

    11,006      196,787

Inspire Pharmaceuticals, Inc.*

    10,080      62,899

Ironwood Pharmaceuticals, Inc.*

    3,220      43,534

ISTA Pharmaceuticals, Inc.*

    6,500      26,455

Javelin Pharmaceuticals, Inc.*

    8,470      10,926

KV Pharmaceutical Co., Class A*

    5,680      9,997

Lannett Co., Inc.*

    2,200      9,350

MAP Pharmaceuticals, Inc.*

    1,380      21,928

Matrixx Initiatives, Inc.*

    800      4,056

Medicines Co.*

    9,420      73,853

Medicis Pharmaceutical Corp., Class A

    9,983      251,172

MiddleBrook Pharmaceuticals, Inc.*

    6,500      1,950

Nektar Therapeutics*

    16,580      252,182

Obagi Medical Products, Inc.*

    3,080      37,514

Optimer Pharmaceuticals, Inc.*

    5,216      64,052

Pain Therapeutics, Inc.*

    6,210      38,937

Par Pharmaceutical Cos., Inc.*

    5,880      145,824

Pozen, Inc.*

    4,720      45,218

Questcor Pharmaceuticals, Inc.*

    9,158      75,370

Repros Therapeutics, Inc.*

    2,000      1,350

Salix Pharmaceuticals Ltd.*

    9,561      356,147

Santarus, Inc.*

    8,800      47,344

Sucampo Pharmaceuticals, Inc., Class A*

    1,720      6,140

SuperGen, Inc.*

    11,600      37,120

ViroPharma, Inc.*

    13,880      189,184

Vivus, Inc.*

    14,712      128,289

XenoPort, Inc.*

    5,050      46,763
         
        2,845,145
         

Total Health Care

         35,477,002
         

Industrials (20.9%)

      

Aerospace & Defense (1.0%)

      

AAR Corp.*

    6,820      169,272

Aerovironment, Inc.*

    2,569      67,077

 

See Notes to Portfolio of Investments.

146

EQ ADVISORS TRUST

EQ/AXA FRANKLIN SMALL CAP VALUE CORE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

American Science & Engineering, Inc.

    1,670    $ 125,116

Applied Signal Technology, Inc.

    2,294      44,917

Argon ST, Inc.*

    2,390      63,598

Ascent Solar Technologies, Inc.*

    3,090      11,897

Astronics Corp.*

    1,900      18,639

Ceradyne, Inc.*

    34,980      793,696

Cubic Corp.

    2,720      97,920

Curtiss-Wright Corp.

    8,050      280,140

DigitalGlobe, Inc.*

    2,600      72,670

Ducommun, Inc.

    1,840      38,658

DynCorp International, Inc., Class A*

    4,300      49,407

Esterline Technologies Corp.*

    5,026      248,435

GenCorp, Inc.*

    8,690      50,054

GeoEye, Inc.*

    3,580      105,610

Global Defense Technology & Systems, Inc.*

    500      6,700

HEICO Corp.

    3,867      199,383

Herley Industries, Inc.*

    2,270      33,278

Hexcel Corp.*

    16,957      244,859

Ladish Co., Inc.*

    2,800      56,448

LMI Aerospace, Inc.*

    1,710      31,772

Moog, Inc., Class A*

    7,870      278,755

Orbital Sciences Corp.*

    9,940      188,960

Stanley, Inc.*

    2,040      57,712

Taser International, Inc.*

    11,550      67,683

Teledyne Technologies, Inc.*

    6,541      269,947

Todd Shipyards Corp.

    1,000      16,430

Triumph Group, Inc.

    2,781      194,920
         
        3,883,953
         

Air Freight & Logistics (0.2%)

      

Air Transport Services Group, Inc.*

    10,200      34,374

Atlas Air Worldwide Holdings, Inc.*

    3,740      198,407

Dynamex, Inc.*

    1,510      25,972

Forward Air Corp.

    5,210      137,023

Hub Group, Inc., Class A*

    6,420      179,632

Pacer International, Inc.*

    7,057      42,483
         
        617,891
         

Airlines (1.0%)

      

AirTran Holdings, Inc.*

    22,267      113,116

Alaska Air Group, Inc.*

    6,203      255,750

Allegiant Travel Co.*

    2,528      146,270

Hawaiian Holdings, Inc.*

    8,910      65,667

JetBlue Airways Corp.*

    42,989      239,879

Republic Airways Holdings, Inc.*

    5,028      29,766

SkyWest, Inc.

    142,420      2,033,757

U.S. Airways Group, Inc.*

    28,997      213,128

UAL Corp.*

    29,541      577,526
         
        3,674,859
         

Building Products (2.6%)

      

AAON, Inc.

    1,820      41,169

American Woodmark Corp.

    63,360      1,228,550

Ameron International Corp.

    1,490      93,706

Apogee Enterprises, Inc.

    119,040      1,882,022

Builders FirstSource, Inc.*

    7,285      22,948

Gibraltar Industries, Inc.*

    104,340      1,315,727

Griffon Corp.*

    7,500      93,450

Insteel Industries, Inc.

    3,020      32,284

NCI Building Systems, Inc.*

    3,036      33,518

Quanex Building Products Corp.

    6,490      107,280

Simpson Manufacturing Co., Inc.

    83,500      2,317,960

Trex Co., Inc.*

    2,994      63,742

Universal Forest Products, Inc.

    71,306      2,746,707
         
        9,979,063
         

Commercial Services & Supplies (2.2%)

      

ABM Industries, Inc.

    145,600    $ 3,086,720

ACCO Brands Corp.*

    9,610      73,613

American Reprographics Co.*

    6,490      58,215

Amrep Corp.*

    200      2,906

APAC Customer Services, Inc.*

    4,500      25,875

ATC Technology Corp.*

    3,500      60,060

Bowne & Co., Inc.

    6,317      70,498

Cenveo, Inc.*

    9,030      78,200

Clean Harbors, Inc.*

    3,720      206,683

Consolidated Graphics, Inc.*

    1,846      76,443

Cornell Cos., Inc.*

    1,950      35,704

Courier Corp.

    1,830      30,213

Deluxe Corp.

    9,140      177,499

EnergySolutions, Inc.

    13,760      88,477

EnerNOC, Inc.*

    2,290      67,967

Ennis, Inc.

    4,500      73,215

Fuel Tech, Inc.*

    3,330      26,707

G&K Services, Inc., Class A

    3,280      84,886

GEO Group, Inc.*

    8,830      175,011

Healthcare Services Group, Inc.

    7,500      167,925

Heritage-Crystal Clean, Inc.*

    300      3,390

Herman Miller, Inc.

    9,810      177,169

HNI Corp.

    8,030      213,839

Innerworkings, Inc.*

    4,180      21,736

Interface, Inc., Class A

    9,090      105,262

Kimball International, Inc., Class B

    5,700      39,615

Knoll, Inc.

    8,570      96,412

M&F Worldwide Corp.*

    2,020      61,812

McGrath RentCorp

    4,250      102,977

Metalico, Inc.*

    4,842      29,004

Mine Safety Appliances Co.

    56,750      1,586,730

Mobile Mini, Inc.*

    6,460      100,065

Multi-Color Corp.

    1,850      22,163

North American Galvanizing & Coatings, Inc.*

    2,600      14,456

Perma-Fix Environmental Services*

    9,100      20,384

Rollins, Inc.

    8,000      173,440

Schawk, Inc.

    2,640      47,863

Standard Parking Corp.*

    1,260      20,689

Standard Register Co.

    2,940      15,729

Steelcase, Inc., Class A

    12,500      80,875

Sykes Enterprises, Inc.*

    6,559      149,808

Team, Inc.*

    3,240      53,752

Tetra Tech, Inc.*

    10,550      243,072

U.S. Ecology, Inc.

    3,420      55,062

United Stationers, Inc.*

    4,220      248,347

Viad Corp.

    3,670      75,418

Waste Services, Inc.*

    3,140      31,055
         
        8,456,941
         

Construction & Engineering (0.8%)

      

Argan, Inc.*

    1,200      15,600

Comfort Systems USA, Inc.

    6,980      87,180

Dycom Industries, Inc.*

    7,070      62,004

EMCOR Group, Inc.*

    79,910      1,968,183

Furmanite Corp.*

    6,480      33,631

Granite Construction, Inc.

    5,692      172,012

Great Lakes Dredge & Dock Corp.

    6,910      36,278

Insituform Technologies, Inc., Class A*

    6,910      183,875

Integrated Electrical Services, Inc.*

    1,360      7,684

Layne Christensen Co.*

    3,480      92,951

MasTec, Inc.*

    9,420      118,786

Michael Baker Corp.*

    1,380      47,583

MYR Group, Inc.*

    3,200      52,192

 

See Notes to Portfolio of Investments.

147

EQ ADVISORS TRUST

EQ/AXA FRANKLIN SMALL CAP VALUE CORE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Northwest Pipe Co.*

    1,500    $ 32,775

Orion Marine Group, Inc.*

    4,520      81,586

Pike Electric Corp.*

    2,960      27,587

Primoris Services Corp.

    1,600      12,384

Sterling Construction Co., Inc.*

    2,510      39,457

Tutor Perini Corp.*

    4,450      96,788
         
        3,168,536
         

Electrical Equipment (2.5%)

      

A. O. Smith Corp.

    17,650      927,860

Acuity Brands, Inc.

    7,497      316,448

Advanced Battery Technologies, Inc.*

    8,570      33,423

American Superconductor Corp.*

    7,540      217,906

AZZ, Inc.

    2,100      71,085

Baldor Electric Co.

    8,170      305,558

Belden, Inc.

    8,310      228,193

Brady Corp., Class A

    73,410      2,284,519

Broadwind Energy, Inc.*

    5,900      26,373

Chase Corp.

    1,000      12,620

China BAK Battery, Inc.*

    6,750      16,267

Encore Wire Corp.

    3,280      68,224

Ener1, Inc.*

    8,280      39,164

Energy Conversion Devices, Inc.*

    7,256      56,814

EnerSys*

    7,156      176,467

Evergreen Solar, Inc.*

    34,530      39,019

Franklin Electric Co., Inc.

    36,250      1,087,138

FuelCell Energy, Inc.*

    12,130      34,207

Fushi Copperweld, Inc.*

    2,972      33,346

Generac Holdings, Inc.*

    3,151      44,146

GrafTech International Ltd.*

    21,230      290,214

GT Solar International, Inc.*

    5,270      27,562

Harbin Electric, Inc.*

    2,920      63,043

II-VI, Inc.*

    4,390      148,558

LaBarge, Inc.*

    2,110      23,316

LSI Industries, Inc.

    3,300      22,506

Microvision, Inc.*

    14,020      39,536

Orion Energy Systems, Inc.*

    3,690      18,081

Polypore International, Inc.*

    3,990      69,665

Powell Industries, Inc.*

    11,600      377,348

PowerSecure International, Inc.*

    3,040      23,955

Preformed Line Products Co.

    360      13,734

Regal-Beloit Corp.

    6,432      382,125

Roper Industries, Inc.

    28,550      1,651,332

SatCon Technology Corp.*

    10,300      25,029

Ultralife Corp.*

    2,190      8,782

Valence Technology, Inc.*

    9,200      7,820

Vicor Corp.*

    3,410      47,092

Woodward Governor Co.

    10,670      341,227
         
        9,599,702
         

Industrial Conglomerates (0.7%)

      

Carlisle Cos., Inc.

    60,200      2,293,620

Otter Tail Corp.

    6,330      139,007

Raven Industries, Inc.

    2,890      85,226

Seaboard Corp.

    60      77,946

Standex International Corp.

    2,160      55,663

Tredegar Corp.

    5,200      88,816

United Capital Corp.*

    330      7,828
         
        2,748,106
         

Machinery (7.4%)

      

3D Systems Corp.*

    3,130      42,725

Actuant Corp., Class A

    11,730      229,322

Alamo Group, Inc.

    1,090      21,789

Albany International Corp., Class A

    5,010      107,865

Altra Holdings, Inc.*

    4,640      63,707

American Railcar Industries, Inc.

    1,610      19,578

Ampco-Pittsburgh Corp.

    1,470    $ 36,485

Astec Industries, Inc.*

    40,140      1,162,454

Badger Meter, Inc.

    2,450      94,350

Barnes Group, Inc.

    8,500      165,325

Blount International, Inc.*

    6,900      71,484

Briggs & Stratton Corp.

    64,220      1,252,290

Cascade Corp.

    1,610      51,858

Chart Industries, Inc.*

    5,030      100,600

China Fire & Security Group, Inc.*

    2,530      32,814

CIRCOR International, Inc.

    23,320      774,457

CLARCOR, Inc.

    9,140      315,239

CNH Global N.V.*

    11,000      338,250

Colfax Corp.*

    4,250      50,023

Columbus McKinnon Corp.*

    3,360      53,323

Duoyuan Printing, Inc.*

    800      8,640

Dynamic Materials Corp.

    2,330      36,395

Eastern Co.

    1,100      14,894

Energy Recovery, Inc.*

    6,340      39,942

EnPro Industries, Inc.*

    3,740      108,759

ESCO Technologies, Inc.

    4,730      150,461

Federal Signal Corp.

    8,730      78,657

Flow International Corp.*

    6,610      19,896

Force Protection, Inc.*

    13,276      79,922

FreightCar America, Inc.

    2,370      57,259

Gardner Denver, Inc.

    49,000      2,157,960

Gorman-Rupp Co.

    2,590      65,890

Graco, Inc.

    55,450      1,774,400

Graham Corp.

    2,070      37,239

Greenbrier Cos., Inc.*

    2,940      32,369

Hurco Cos., Inc.*

    1,140      19,186

John Bean Technologies Corp.

    5,100      89,454

Kadant, Inc.*

    2,250      32,423

Kaydon Corp.

    5,970      224,472

Kennametal, Inc.

    109,500      3,079,140

K-Tron International, Inc.*

    420      62,987

L.B. Foster Co., Class A*

    1,790      51,713

Lincoln Electric Holdings, Inc.

    43,250      2,349,772

Lindsay Corp.

    1,978      81,909

Met-Pro Corp.

    2,640      25,872

Middleby Corp.*

    2,717      156,472

Miller Industries, Inc.

    2,100      26,103

Mueller Industries, Inc.

    82,240      2,203,210

Mueller Water Products, Inc., Class A

    26,510      126,718

NACCO Industries, Inc., Class A

    960      71,184

Nordson Corp.

    50,940      3,459,845

Omega Flex, Inc.

    540      5,670

PMFG, Inc.*

    2,240      29,635

Portec Rail Products, Inc.

    1,000      11,620

RBC Bearings, Inc.*

    3,850      122,699

Robbins & Myers, Inc.

    4,560      108,619

Sauer-Danfoss, Inc.*

    2,000      26,560

SmartHeat, Inc.*

    1,200      12,888

Sun Hydraulics Corp.

    2,040      52,999

Tecumseh Products Co., Class A*

    3,446      42,282

Tennant Co.

    3,440      94,222

Timken Co.

    16,550      496,666

Titan International, Inc.

    5,420      47,317

Trimas Corp.*

    2,550      16,549

Trinity Industries, Inc.

    138,500      2,764,460

Twin Disc, Inc.

    1,550      18,941

Wabash National Corp.*

    153,900      1,078,839

Watts Water Technologies, Inc., Class A

    47,200      1,466,032
         
        28,103,079
         

 

See Notes to Portfolio of Investments.

148

EQ ADVISORS TRUST

EQ/AXA FRANKLIN SMALL CAP VALUE CORE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Marine (0.1%)

      

American Commercial Lines, Inc.*

    1,585    $ 39,784

Eagle Bulk Shipping, Inc.*

    9,772      51,889

Genco Shipping & Trading Ltd.*

    4,650      98,162

Horizon Lines, Inc., Class A

    5,350      29,104

International Shipholding Corp.

    980      28,802

Ultrapetrol Bahamas Ltd.*

    3,880      21,301
         
        269,042
         

Professional Services (0.7%)

      

Acacia Research Corp.- Acacia Technologies*

    6,000      64,980

Administaff, Inc.

    21,770      464,572

Advisory Board Co.*

    2,790      87,885

Barrett Business Services, Inc.

    1,200      16,272

CBIZ, Inc.*

    7,880      51,772

CDI Corp.

    2,150      31,519

COMSYS IT Partners, Inc.*

    2,530      44,224

Corporate Executive Board Co.

    5,700      151,563

CoStar Group, Inc.*

    3,410      141,583

CRA International, Inc.*

    1,720      39,422

Diamond Management & Technology Consultants, Inc.

    3,900      30,615

Exponent, Inc.*

    2,400      68,448

Franklin Covey Co.*

    2,000      15,880

GP Strategies Corp.*

    2,500      20,900

Heidrick & Struggles International, Inc.

    3,200      89,696

Hill International, Inc.*

    4,490      26,177

Huron Consulting Group, Inc.*

    3,680      74,704

ICF International, Inc.*

    1,660      41,234

Kelly Services, Inc., Class A*

    4,630      77,136

Kforce, Inc.*

    5,340      81,221

Korn/Ferry International*

    7,400      130,610

Mistras Group, Inc.*

    1,400      13,986

Navigant Consulting, Inc.*

    9,385      113,840

Odyssey Marine Exploration, Inc.*

    9,090      11,908

On Assignment, Inc.*

    6,270      44,705

Resources Connection, Inc.*

    7,435      142,529

School Specialty, Inc.*

    3,380      76,760

SFN Group, Inc.*

    9,250      74,093

Towers Watson & Co., Class A

    7,410      351,975

TrueBlue, Inc.*

    7,860      121,830

Volt Information Sciences, Inc.*

    2,100      21,441

VSE Corp.

    800      32,928
         
        2,756,408
         

Road & Rail (0.9%)

      

Amerco, Inc.*

    1,560      84,692

Arkansas Best Corp.

    4,158      124,241

Avis Budget Group, Inc.*

    18,302      210,473

Celadon Group, Inc.*

    3,950      55,063

Dollar Thrifty Automotive Group, Inc.*

    4,840      155,509

Genesee & Wyoming, Inc., Class A*

    54,290      1,852,375

Heartland Express, Inc.

    8,760      144,540

Knight Transportation, Inc.

    10,160      214,274

Marten Transport Ltd.*

    2,760      54,400

Old Dominion Freight Line, Inc.*

    5,160      172,292

Patriot Transportation Holding, Inc.*

    180      15,206

RailAmerica, Inc.*

    3,300      38,940

Saia, Inc.*

    2,460      34,145

Universal Truckload Services, Inc.*

    1,030      18,108

USA Truck, Inc.*

    1,600      25,856

Werner Enterprises, Inc.

    7,037      163,047

YRC Worldwide, Inc.*

    184,867    $ 100,531
         
        3,463,692
         

Trading Companies & Distributors (0.8%)

      

Aceto Corp.

    3,930      23,737

Aircastle Ltd.

    8,370      79,264

Applied Industrial Technologies, Inc.

    65,620      1,630,657

Beacon Roofing Supply, Inc.*

    8,020      153,423

BlueLinx Holdings, Inc.*

    1,600      6,096

DXP Enterprises, Inc.*

    1,370      17,495

H&E Equipment Services, Inc.*

    5,130      55,301

Houston Wire & Cable Co.

    3,150      36,477

Interline Brands, Inc.*

    5,760      110,246

Kaman Corp.

    4,610      115,296

Lawson Products, Inc.

    720      11,138

RSC Holdings, Inc.*

    8,410      66,944

Rush Enterprises, Inc., Class A*

    5,910      78,071

TAL International Group, Inc.

    2,490      49,750

Textainer Group Holdings Ltd.

    1,660      35,773

Titan Machinery, Inc.*

    2,200      30,118

United Rentals, Inc.*

    10,800      101,304

Watsco, Inc.

    4,520      257,098

Willis Lease Finance Corp.*

    700      11,046
         
        2,869,234
         

Transportation Infrastructure (0.0%)

      

CAI International, Inc.*

    1,590      19,589
         

Total Industrials

         79,610,095
         

Information Technology (10.3%)

      

Communications Equipment (1.4%)

      

3Com Corp.*

    68,841      529,387

Acme Packet, Inc.*

    7,130      137,466

ADC Telecommunications, Inc.*

    16,300      119,153

ADTRAN, Inc.

    9,310      245,319

Airvana, Inc.*

    4,180      32,019

Anaren, Inc.*

    3,133      44,614

Arris Group, Inc.*

    21,068      253,027

Aruba Networks, Inc.*

    10,778      147,228

Aviat Networks, Inc.*

    9,760      64,709

Bel Fuse, Inc., Class B

    1,880      37,882

BigBand Networks, Inc.*

    5,800      20,474

Black Box Corp.

    2,950      90,742

Blue Coat Systems, Inc.*

    7,061      219,173

Cogo Group, Inc.*

    4,140      28,939

Communications Systems, Inc.

    900      11,637

Comtech Telecommunications Corp.*

    4,676      149,585

DG FastChannel, Inc.*

    3,834      122,496

Digi International, Inc.*

    4,400      46,816

Emcore Corp.*

    13,420      16,238

EMS Technologies, Inc.*

    2,720      45,152

Emulex Corp.*

    13,949      185,243

Extreme Networks, Inc.*

    15,860      48,690

Globecomm Systems, Inc.*

    3,720      28,607

Harmonic, Inc.*

    17,430      109,983

Hughes Communications, Inc.*

    1,560      43,446

Infinera Corp.*

    14,710      125,329

InterDigital, Inc.*

    7,700      214,522

Ixia*

    5,250      48,668

KVH Industries, Inc.*

    2,900      38,251

Loral Space & Communications, Inc.*

    1,870      65,674

NETGEAR, Inc.*

    6,270      163,647

Network Equipment Technologies, Inc.*

    4,900      26,999

Oplink Communications, Inc.*

    3,177      58,902

Opnext, Inc.*

    4,750      11,210

 

See Notes to Portfolio of Investments.

149

EQ ADVISORS TRUST

EQ/AXA FRANKLIN SMALL CAP VALUE CORE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Palm, Inc.*

    29,420    $ 110,619

Parkervision, Inc.*

    5,160      8,772

PC-Tel, Inc.*

    3,390      20,950

Plantronics, Inc.

    8,640      270,259

Polycom, Inc.*

    14,362      439,190

Powerwave Technologies, Inc.*

    23,080      28,850

Riverbed Technology, Inc.*

    9,863      280,109

SeaChange International, Inc.*

    6,490      46,598

ShoreTel, Inc.*

    7,600      50,236

Sonus Networks, Inc.*

    36,850      96,179

Sycamore Networks, Inc.

    3,412      68,615

Symmetricom, Inc.*

    8,100      47,223

Tekelec*

    11,128      202,084

UTStarcom, Inc.*

    19,530      54,489

ViaSat, Inc.*

    5,041      174,469
         
        5,429,869
         

Computers & Peripherals (0.5%)

      

3PAR, Inc.*

    4,780      47,800

ActivIdentity Corp.*

    7,600      21,584

Adaptec, Inc.*

    23,770      77,728

Avid Technology, Inc.*

    5,280      72,758

Compellent Technologies, Inc.*

    3,268      57,353

Cray, Inc.*

    5,850      34,808

Diebold, Inc.

    11,450      363,652

Electronics for Imaging, Inc.*

    8,480      98,622

Imation Corp.*

    5,350      58,904

Immersion Corp.*

    4,900      24,500

Intermec, Inc.*

    11,110      157,540

Intevac, Inc.*

    3,900      53,898

Isilon Systems, Inc.*

    4,280      36,851

Netezza Corp.*

    8,650      110,633

Novatel Wireless, Inc.*

    4,420      29,747

Quantum Corp.*

    36,100      94,943

Rimage Corp.*

    1,590      22,991

Silicon Graphics International Corp.*

    5,170      55,267

STEC, Inc.*

    3,849      46,111

Stratasys, Inc.*

    3,510      85,574

Super Micro Computer, Inc.*

    4,050      69,984

Synaptics, Inc.*

    5,734      158,316
         
        1,779,564
         

Electronic Equipment, Instruments & Components (2.2%)

      

Agilysys, Inc.

    3,180      35,521

Anixter International, Inc.*

    5,009      234,672

Benchmark Electronics, Inc.*

    163,970      3,400,738

Brightpoint, Inc.*

    8,411      63,335

Checkpoint Systems, Inc.*

    6,900      152,628

China Security & Surveillance Technology, Inc.*

    8,426      64,796

Cogent, Inc.*

    6,840      69,768

Cognex Corp.

    7,110      131,464

Coherent, Inc.*

    3,600      115,056

Comverge, Inc.*

    3,300      37,323

CPI International, Inc.*

    1,350      17,901

CTS Corp.

    5,960      56,143

Daktronics, Inc.

    5,930      45,187

DDi Corp.*

    3,100      17,577

DTS, Inc.*

    3,080      104,843

Echelon Corp.*

    5,820      52,205

Electro Rent Corp.

    3,240      42,541

Electro Scientific Industries, Inc.*

    4,930      63,153

FARO Technologies, Inc.*

    2,920      75,190

ICx Technologies, Inc.*

    2,080      14,498

Insight Enterprises, Inc.*

    8,330      119,619

IPG Photonics Corp.*

    3,980      58,904

L-1 Identity Solutions, Inc.*

    13,230    $ 118,144

Littelfuse, Inc.*

    3,920      148,999

Maxwell Technologies, Inc.*

    4,000      49,560

Measurement Specialties, Inc.*

    2,520      37,069

Mercury Computer Systems, Inc.*

    4,040      55,429

Methode Electronics, Inc.

    6,790      67,221

MTS Systems Corp.

    3,020      87,671

Multi-Fineline Electronix, Inc.*

    1,720      44,307

Newport Corp.*

    6,430      80,375

OSI Systems, Inc.*

    2,750      77,137

PAR Technology Corp.*

    1,800      10,890

Park Electrochemical Corp.

    3,630      104,326

PC Connection, Inc.*

    1,670      10,354

PC Mall, Inc.*

    1,930      9,766

Plexus Corp.*

    7,020      252,931

Power-One, Inc.*

    14,817      62,528

RadiSys Corp.*

    4,150      37,184

RAE Systems, Inc.*

    9,100      7,416

Rofin-Sinar Technologies, Inc.*

    73,350      1,659,177

Rogers Corp.*

    2,750      79,777

Scansource, Inc.*

    4,600      132,388

SMART Modular Technologies (WWH), Inc.*

    6,550      50,500

Spectrum Control, Inc.*

    2,100      24,549

SYNNEX Corp.*

    3,050      90,158

Technitrol, Inc.

    7,270      38,386

TTM Technologies, Inc.*

    7,720      68,554

Universal Display Corp.*

    5,050      59,438

X-Rite, Inc.*

    6,000      18,180

Zygo Corp.*

    2,670      24,644
         
        8,480,120
         

Internet Software & Services (0.9%)

      

Ancestry.com, Inc.*

    925      15,679

Archipelago Learning, Inc.*

    1,000      14,580

Art Technology Group, Inc.*

    26,060      114,925

comScore, Inc.*

    3,740      62,421

Constant Contact, Inc.*

    4,350      101,007

DealerTrack Holdings, Inc.*

    6,880      117,510

Dice Holdings, Inc.*

    2,740      20,824

Digital River, Inc.*

    6,416      194,405

DivX, Inc.*

    6,220      44,535

EarthLink, Inc.

    17,364      148,289

GSI Commerce, Inc.*

    5,290      146,374

Imergent, Inc.

    1,700      11,441

InfoSpace, Inc.*

    6,220      68,731

Innodata Isogen, Inc.*

    3,500      14,175

Internap Network Services Corp.*

    9,060      50,736

Internet Brands, Inc., Class A*

    5,160      47,575

Internet Capital Group, Inc.*

    6,520      55,094

Ipass, Inc.*

    8,300      9,545

j2 Global Communications, Inc.*

    8,194      191,740

Keynote Systems, Inc.

    2,220      25,286

Knot, Inc.*

    5,310      41,524

Limelight Networks, Inc.*

    5,040      18,446

Liquidity Services, Inc.*

    2,580      29,773

LivePerson, Inc.*

    8,000      61,360

LogMeIn, Inc.*

    1,200      24,828

LoopNet, Inc.*

    3,400      38,216

Marchex, Inc., Class B

    3,520      17,987

MercadoLibre, Inc.*

    4,570      220,320

ModusLink Global Solutions, Inc.*

    8,220      69,295

Move, Inc.*

    28,590      59,753

NIC, Inc.

    8,770      69,020

OpenTable, Inc.*

    500      19,065

Openwave Systems, Inc.*

    16,900      38,870

 

See Notes to Portfolio of Investments.

150

EQ ADVISORS TRUST

EQ/AXA FRANKLIN SMALL CAP VALUE CORE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Perficient, Inc.*

    5,100    $ 57,477

QuinStreet, Inc.*

    1,640      27,896

Rackspace Hosting, Inc.*

    11,630      217,830

RealNetworks, Inc.*

    15,020      72,547

Saba Software, Inc.*

    5,000      24,750

SAVVIS, Inc.*

    6,580      108,570

Stamps.com, Inc.*

    2,130      21,513

support.com, Inc.*

    8,270      27,043

Switch & Data Facilities Co., Inc.*

    3,910      69,442

TechTarget, Inc.*

    2,110      11,035

Terremark Worldwide, Inc.*

    9,730      68,207

Travelzoo, Inc.*

    1,200      18,012

United Online, Inc.

    14,690      109,881

ValueClick, Inc.*

    15,140      153,520

Vocus, Inc.*

    2,930      49,956

Web.com Group, Inc.*

    4,880      26,596

Zix Corp.*

    12,800      29,568
         
        3,257,172
         

IT Services (1.0%)

      

Acxiom Corp.*

    12,320      221,021

CACI International, Inc., Class A*

    5,178      252,945

Cass Information Systems, Inc.

    1,470      45,791

China Information Security Technology, Inc.*

    4,070      20,554

CIBER, Inc.*

    11,150      41,701

Computer Task Group, Inc.*

    2,400      17,400

CSG Systems International, Inc.*

    6,270      131,419

Cybersource Corp.*

    12,070      212,915

Dynamics Research Corp.*

    1,400      15,778

Echo Global Logistics, Inc.*

    431      5,564

eLoyalty Corp.*

    1,400      7,882

Euronet Worldwide, Inc.*

    8,710      160,525

ExlService Holdings, Inc.*

    2,620      43,702

Forrester Research, Inc.*

    2,790      83,895

Gartner, Inc.*

    11,580      257,539

Global Cash Access Holdings, Inc.*

    7,080      57,844

Hackett Group, Inc.*

    7,290      20,266

Heartland Payment Systems, Inc.

    6,900      128,340

iGATE Corp.

    3,810      37,071

infoGROUP, Inc.*

    5,770      45,006

Information Services Group, Inc.*

    3,900      13,299

Integral Systems, Inc.*

    3,810      36,690

Lionbridge Technologies, Inc.*

    11,600      42,108

ManTech International Corp., Class A*

    3,750      183,113

MAXIMUS, Inc.

    3,050      185,837

MoneyGram International, Inc.*

    16,000      60,960

NCI, Inc., Class A*

    1,434      43,350

Ness Technologies, Inc.*

    6,770      42,719

Online Resources Corp.*

    4,580      18,457

RightNow Technologies, Inc.*

    3,670      65,546

Sapient Corp.

    15,460      141,304

SRA International, Inc., Class A*

    7,430      154,470

StarTek, Inc.*

    2,400      16,680

Syntel, Inc.

    2,260      86,942

TeleTech Holdings, Inc.*

    5,600      95,648

Tier Technologies, Inc., Class B*

    2,900      23,084

TNS, Inc.*

    4,350      97,005

Unisys Corp.*

    7,569      264,083

VeriFone Holdings, Inc.*

    12,840      259,496

Virtusa Corp.*

    2,640      27,218

Wright Express Corp.*

    6,650      200,298
         
        3,865,465
         

Semiconductors & Semiconductor Equipment (2.2%)

      

Actel Corp.*

    4,630    $ 64,125

Advanced Analogic Technologies, Inc.*

    7,530      26,280

Advanced Energy Industries, Inc.*

    5,860      97,042

Amkor Technology, Inc.*

    19,520      138,006

ANADIGICS, Inc.*

    11,260      54,724

Applied Micro Circuits Corp.*

    11,080      95,620

Atheros Communications, Inc.*

    11,543      446,830

ATMI, Inc.*

    5,650      109,101

Brooks Automation, Inc.*

    11,540      101,783

Cabot Microelectronics Corp.*

    4,230      160,021

Cavium Networks, Inc.*

    6,729      167,283

CEVA, Inc.*

    3,520      41,043

Cirrus Logic, Inc.*

    12,334      103,482

Cohu, Inc.

    126,340      1,739,702

Cymer, Inc.*

    5,110      190,603

Diodes, Inc.*

    5,880      131,712

DSP Group, Inc.*

    4,110      34,236

Entegris, Inc.*

    22,250      112,140

Entropic Communications, Inc.*

    8,860      45,009

Exar Corp.*

    6,480      45,684

FEI Co.*

    6,720      153,955

FormFactor, Inc.*

    8,710      154,690

GSI Technology, Inc.*

    4,000      18,640

Hittite Microwave Corp.*

    3,700      162,689

IXYS Corp.*

    4,240      36,210

Kopin Corp.*

    12,090      44,733

Kulicke & Soffa Industries, Inc.*

    11,330      82,142

Lattice Semiconductor Corp.*

    21,328      78,274

MEMSIC, Inc.*

    3,400      10,846

Micrel, Inc.

    8,140      86,772

Microsemi Corp.*

    14,190      246,055

Microtune, Inc.*

    9,270      25,307

MIPS Technologies, Inc.*

    7,760      34,610

MKS Instruments, Inc.*

    8,790      172,196

Monolithic Power Systems, Inc.*

    5,880      131,124

Netlogic Microsystems, Inc.*

    7,941      233,704

NVE Corp.*

    990      44,847

OmniVision Technologies, Inc.*

    23,289      400,105

Pericom Semiconductor Corp.*

    4,770      51,087

Photronics, Inc.*

    8,340      42,451

PLX Technology, Inc.*

    5,960      31,409

Power Integrations, Inc.

    3,936      162,163

RF Micro Devices, Inc.*

    45,132      224,757

Rubicon Technology, Inc.*

    2,250      45,450

Rudolph Technologies, Inc.*

    5,420      46,449

Semtech Corp.*

    10,126      176,496

Sigma Designs, Inc.*

    5,320      62,404

Silicon Image, Inc.*

    13,400      40,468

Silicon Storage Technology, Inc.*

    14,240      43,290

Skyworks Solutions, Inc.*

    28,719      448,016

Standard Microsystems Corp.*

    3,960      92,189

Supertex, Inc.*

    2,230      57,066

Techwell, Inc.*

    2,680      50,116

Tessera Technologies, Inc.*

    8,902      180,533

Trident Microsystems, Inc.*

    11,210      19,505

TriQuint Semiconductor, Inc.*

    24,694      172,858

Ultratech, Inc.*

    4,660      63,376

Veeco Instruments, Inc.*

    6,575      286,012

Virage Logic Corp.*

    2,600      20,436

Volterra Semiconductor Corp.*

    4,290      107,679

White Electronic Designs Corp.*

    3,800      26,600

Zoran Corp.*

    9,770      105,125
         
        8,577,260
         

 

See Notes to Portfolio of Investments.

151

EQ ADVISORS TRUST

EQ/AXA FRANKLIN SMALL CAP VALUE CORE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Software (2.1%)

      

ACI Worldwide, Inc.*

    6,290    $ 129,637

Actuate Corp.*

    7,850      43,882

Advent Software, Inc.*

    2,730      122,167

American Software, Inc., Class A

    3,930      22,833

ArcSight, Inc.*

    3,100      87,265

Ariba, Inc.*

    15,140      194,549

AsiaInfo Holdings, Inc.*

    5,340      141,403

Blackbaud, Inc.

    7,900      199,001

Blackboard, Inc.*

    5,619      234,088

Bottomline Technologies, Inc.*

    4,340      73,042

Callidus Software, Inc.*

    5,180      18,803

China TransInfo Technology Corp.*

    1,200      8,088

Chordiant Software, Inc.*

    5,320      26,972

CommVault Systems, Inc.*

    7,410      158,204

Concur Technologies, Inc.*

    6,920      283,789

Deltek, Inc.*

    2,590      19,788

DemandTec, Inc.*

    3,590      24,950

Double-Take Software, Inc.*

    3,730      33,234

Ebix, Inc.*

    3,630      57,971

Epicor Software Corp.*

    8,160      78,010

EPIQ Systems, Inc.*

    6,360      79,055

ePlus, Inc.*

    600      10,530

Fair Isaac Corp.

    8,450      214,123

FalconStor Software, Inc.*

    6,270      21,820

Fortinet, Inc.*

    1,800      31,644

GSE Systems, Inc.*

    3,200      17,312

Informatica Corp.*

    15,613      419,365

Interactive Intelligence, Inc.*

    2,230      41,679

Jack Henry & Associates, Inc.

    14,271      343,360

JDA Software Group, Inc.*

    5,571      154,985

Kenexa Corp.*

    4,060      55,825

Lawson Software, Inc.*

    24,000      158,640

Manhattan Associates, Inc.*

    3,970      101,156

Mentor Graphics Corp.*

    17,664      141,665

MicroStrategy, Inc., Class A*

    1,580      134,411

Monotype Imaging Holdings, Inc.*

    4,240      41,255

Net 1 UEPS Technologies, Inc.*

    5,700      104,823

NetScout Systems, Inc.*

    4,180      61,822

NetSuite, Inc.*

    3,140      45,656

Opnet Technologies, Inc.

    2,290      36,915

Parametric Technology Corp.*

    19,754      356,560

Pegasystems, Inc.

    2,500      92,500

Pervasive Software, Inc.*

    3,200      16,192

Phoenix Technologies Ltd.*

    7,740      24,923

Progress Software Corp.*

    7,270      228,496

PROS Holdings, Inc.*

    3,660      36,161

QAD, Inc.*

    2,190      11,498

Quest Software, Inc.*

    10,161      180,764

Radiant Systems, Inc.*

    4,920      70,208

Renaissance Learning, Inc.

    870      14,120

Rosetta Stone, Inc.*

    1,100      26,158

S1 Corp.*

    9,490      55,991

Smith Micro Software, Inc.*

    4,880      43,139

SolarWinds, Inc.*

    2,000      43,320

Solera Holdings, Inc.

    12,260      473,849

SonicWALL, Inc.*

    9,650      83,858

Sourcefire, Inc.*

    4,100      94,095

SRS Labs, Inc.*

    1,900      18,886

SuccessFactors, Inc.*

    7,940      151,178

Symyx Technologies, Inc.*

    6,050      27,164

Synchronoss Technologies, Inc.*

    3,590      69,538

Take-Two Interactive Software, Inc.*

    14,072      138,609

Taleo Corp., Class A*

    6,650      172,301

TeleCommunication Systems, Inc., Class A*

    7,690    $ 56,368

THQ, Inc.*

    11,360      79,634

TIBCO Software, Inc.*

    28,277      305,109

TiVo, Inc.*

    18,795      321,770

Tyler Technologies, Inc.*

    5,350      100,259

Ultimate Software Group, Inc.*

    4,310      142,014

Unica Corp.*

    2,420      21,514

VASCO Data Security International, Inc.*

    4,730      39,023

Websense, Inc.*

    8,040      183,071
         
        7,851,987
         

Total Information Technology

         39,241,437
         

Materials (8.2%)

      

Chemicals (3.4%)

      

A. Schulman, Inc.

    3,990      97,635

Airgas, Inc.

    15,500      986,110

American Vanguard Corp.

    3,260      26,569

Ampal American Israel, Class A*

    3,550      9,869

Arch Chemicals, Inc.

    4,540      156,131

Balchem Corp.

    4,845      119,429

Cabot Corp.

    84,500      2,568,800

Calgon Carbon Corp.*

    10,030      171,713

China Green Agriculture, Inc.*

    1,500      21,000

Ferro Corp.*

    14,620      128,510

H.B. Fuller Co.

    8,510      197,517

Hawkins, Inc.

    1,300      31,460

ICO, Inc.

    4,820      38,946

Innophos Holdings, Inc.

    3,239      90,368

Innospec, Inc.*

    4,230      48,053

Koppers Holdings, Inc.

    3,460      97,987

Kraton Performance Polymers, Inc.*

    1,854      33,112

Landec Corp.*

    5,060      33,548

LSB Industries, Inc.*

    3,040      46,329

Minerals Technologies, Inc.

    3,464      179,574

NewMarket Corp.

    1,686      173,641

NL Industries, Inc.

    1,200      10,296

Olin Corp.

    14,059      275,837

OM Group, Inc.*

    5,602      189,796

Omnova Solutions, Inc.*

    7,200      56,520

PolyOne Corp.*

    16,490      168,858

Quaker Chemical Corp.

    1,930      52,322

Rockwood Holdings, Inc.*

    8,740      232,659

RPM International, Inc.

    119,850      2,557,599

Sensient Technologies Corp.

    10,440      303,386

ShengdaTech, Inc.*

    5,070      37,974

Solutia, Inc.*

    20,970      337,827

Spartech Corp.*

    5,430      63,531

Stepan Co.

    1,230      68,745

STR Holdings, Inc.*

    1,844      43,334

W.R. Grace & Co.*

    12,730      353,385

Westlake Chemical Corp.

    110,080      2,838,963

Zep, Inc.

    3,820      83,582

Zoltek Cos., Inc.*

    4,940      47,622
         
        12,978,537
         

Construction Materials (0.1%)

      

Headwaters, Inc.*

    10,270      47,139

Texas Industries, Inc.

    4,100      140,097

U.S. Concrete, Inc.*

    5,930      2,254

United States Lime & Minerals, Inc.*

    320      12,374
         
        201,864
         

Containers & Packaging (0.5%)

      

AEP Industries, Inc.*

    1,150      29,923

AptarGroup, Inc.

    30,750      1,210,013

 

See Notes to Portfolio of Investments.

152

EQ ADVISORS TRUST

EQ/AXA FRANKLIN SMALL CAP VALUE CORE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Boise, Inc.*

    5,210    $ 31,937

Bway Holding Co.*

    1,320      26,532

Graham Packaging Co., Inc.*

    2,768      34,739

Graphic Packaging Holding Co.*

    18,990      68,554

Myers Industries, Inc.

    5,590      58,583

Rock-Tenn Co., Class A

    6,916      315,162

Silgan Holdings, Inc.

    4,640      279,467
         
        2,054,910
         

Metals & Mining (3.5%)

      

A.M. Castle & Co.*

    2,850      37,278

Allied Nevada Gold Corp.*

    9,430      156,255

AMCOL International Corp.

    4,070      110,704

Brush Engineered Materials, Inc.*

    3,640      82,155

Century Aluminum Co.*

    10,000      137,600

China Precision Steel, Inc.*

    6,410      13,461

Coeur d’Alene Mines Corp.*

    13,757      206,080

General Moly, Inc.*

    11,150      37,018

General Steel Holdings, Inc.*

    2,410      9,905

Gerdau Ameristeel Corp.*

    186,450      1,459,904

Haynes International, Inc.

    2,120      75,324

Hecla Mining Co.*

    42,464      232,278

Horsehead Holding Corp.*

    7,370      87,261

Kaiser Aluminum Corp.

    2,493      96,155

Olympic Steel, Inc.

    1,800      58,770

Paramount Gold and Silver Corp.*

    16,900      23,491

Reliance Steel & Aluminum Co.

    107,700      5,302,071

RTI International Metals, Inc.*

    5,455      165,450

Steel Dynamics, Inc.

    254,050      4,438,253

Stillwater Mining Co.*

    7,240      93,975

Sutor Technology Group Ltd.*

    1,370      3,973

U.S. Gold Corp.*

    16,200      43,740

United States Steel Corp.

    6,900      438,288

Universal Stainless & Alloy Products, Inc.*

    1,180      28,308

Worthington Industries, Inc.

    10,760      186,040
         
        13,523,737
         

Paper & Forest Products (0.7%)

      

Buckeye Technologies, Inc.*

    6,910      90,383

Clearwater Paper Corp.*

    1,976      97,318

Deltic Timber Corp.

    1,940      85,457

Domtar Corp.*

    7,176      462,206

Glatfelter

    97,710      1,415,818

KapStone Paper and Packaging Corp.*

    5,260      62,436

Louisiana-Pacific Corp.*

    21,860      197,833

Neenah Paper, Inc.

    2,640      41,817

Schweitzer-Mauduit International, Inc.

    3,030      144,107

Wausau Paper Corp.*

    7,740      66,100
         
        2,663,475
         

Total Materials

         31,422,523
         

Telecommunication Services (0.4%)

      

Diversified Telecommunication Services (0.3%)

      

AboveNet, Inc.*

    2,200      111,606

Alaska Communications Systems Group, Inc.

    7,940      64,473

Atlantic Tele-Network, Inc.

    1,560      70,091

Cbeyond, Inc.*

    4,170      57,045

Cincinnati Bell, Inc.*

    37,882      129,178

Cogent Communications Group, Inc.*

    7,900      82,239

Consolidated Communications Holdings, Inc.

    4,170      79,063

General Communication, Inc., Class A*

    7,910      45,641

Global Crossing Ltd.*

    5,160      78,174

HickoryTech Corp.

    2,100      18,543

inContact, Inc.*

    5,700    $ 16,245

Iowa Telecommunications Services, Inc.

    6,307      105,327

Neutral Tandem, Inc.*

    6,170      98,597

PAETEC Holding Corp.*

    21,980      102,866

Premiere Global Services, Inc.*

    10,840      89,538

SureWest Communications*

    2,400      20,616
         
        1,169,242
         

Wireless Telecommunication Services (0.1%)

      

NTELOS Holdings Corp.

    5,430      96,600

Shenandoah Telecommunications Co.

    4,190      78,772

Syniverse Holdings, Inc.*

    11,910      231,888

USA Mobility, Inc.*

    4,223      53,505
         
        460,765
         

Total Telecommunication Services

         1,630,007
         

Utilities (2.8%)

      

Electric Utilities (1.1%)

      

Allete, Inc.

    4,970      166,396

Central Vermont Public Service Corp.

    2,010      40,542

Cleco Corp.

    10,530      279,571

El Paso Electric Co.*

    7,790      160,474

Empire District Electric Co.

    6,260      112,805

IDACORP, Inc.

    8,230      284,923

MGE Energy, Inc.

    4,230      149,573

NV Energy, Inc.

    187,000      2,305,710

PNM Resources, Inc.

    15,934      199,653

Portland General Electric Co.

    13,260      256,051

UIL Holdings Corp.

    5,080      139,700

UniSource Energy Corp.

    6,310      198,386

Unitil Corp.

    2,200      51,150
         
        4,344,934
         

Gas Utilities (1.3%)

      

Atmos Energy Corp.

    22,150      632,825

Chesapeake Utilities Corp.

    1,885      56,173

Energen Corp.

    51,000      2,373,030

Laclede Group, Inc.

    3,750      126,450

New Jersey Resources Corp.

    7,320      274,939

Nicor, Inc.

    7,687      322,239

Northwest Natural Gas Co.

    4,550      212,030

Piedmont Natural Gas Co., Inc.

    12,970      357,713

South Jersey Industries, Inc.

    5,217      219,062

Southwest Gas Corp.

    7,800      233,376

WGL Holdings, Inc.

    8,900      308,385
         
        5,116,222
         

Independent Power Producers & Energy Traders (0.0%)

      

U.S. Geothermal, Inc.*

    11,130      10,128
         

Multi-Utilities (0.2%)

      

Avista Corp.

    9,500      196,745

Black Hills Corp.

    6,870      208,504

CH Energy Group, Inc.

    2,920      119,253

NorthWestern Corp.

    6,310      169,171
         
        693,673
         

Water Utilities (0.2%)

      

American States Water Co.

    3,249      112,740

Artesian Resources Corp., Class A

    1,000      17,660

Cadiz, Inc.*

    2,040      26,051

California Water Service Group

    3,450      129,754

Connecticut Water Service, Inc.

    1,470      34,207

Consolidated Water Co., Ltd.

    2,550      34,629

Middlesex Water Co.

    2,400      40,920

Pennichuck Corp.

    700      16,457

SJW Corp.

    2,280      57,958

 

See Notes to Portfolio of Investments.

153

EQ ADVISORS TRUST

EQ/AXA FRANKLIN SMALL CAP VALUE CORE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Southwest Water Co.

      4,340    $ 45,310

York Water Co.

      1,900      26,125
         
        541,811
         

Total Utilities

         10,706,768
         

Total Common Stocks (95.8%)
(Cost $298,351,124)

         365,365,645
         

INVESTMENT COMPANY:

      

Investment Company (0.0%)

      

Kayne Anderson Energy Development Co.
(Cost $26,301)

      2,180      35,229
         
     Principal
Amount		    Value
(Note 1)

SHORT-TERM INVESTMENT:

      

Time Deposit (4.2%)

      

JPMorgan Chase Nassau

      

0.000%, 4/1/10

      

(Amortized Cost $15,947,993)

    $ 15,947,993      15,947,993
         

Total Investments (100.0%)
(Cost/Amortized Cost $314,325,418)

         381,348,867

Other Assets Less Liabilities (0.0%)

         167,521
         

Net Assets (100%)

       $ 381,516,388
         

 

* Non-income producing.

At March 31, 2010, the Portfolio had the following futures contracts open: (Note 1)

 

     Number of
Contracts		    Expiration
Date		    Original
Value		    Value at
3/31/2010		    Unrealized
Appreciation/
(Depreciation)

Purchase

               

Russell 2000 Mini Index

    93    June-10    $ 6,284,787    $ 6,297,030    $ 12,243
                  

The following is a summary of the inputs used to value the Portfolio’s assets and liabilities carried at fair value as of March 31, 2010:

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, money market securities are valued using amortized cost, in accordance with rules under the Investment Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active market, such securities are reflected as Level 2.

Various inputs are used in determining the value of the Portfolio’s investments. These inputs are summarized in the three broad levels listed below:

 

Investment Type

    Level 1
Quoted prices in active
markets for identical
securities 		   Level 2
Significant other
observable inputs
(including quoted  prices
for similar securities,
interest rates,
prepayment speeds,
credit risk, etc.)		    Level 3
Significant unobservable
inputs (including the
Portfolio’s  own
assumptions in
determining the fair
value of investments)		    Total

Assets:

            

Common Stocks

            

Consumer Discretionary

    $ 67,315,113    $ —      $ —      $ 67,315,113

Consumer Staples

      7,490,532      —        —        7,490,532

 

See Notes to Portfolio of Investments.

154

EQ ADVISORS TRUST

EQ/AXA FRANKLIN SMALL CAP VALUE CORE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

Investment Type

    Level 1
Quoted prices in active
markets for identical
securities		    Level 2
Significant other
observable inputs
(including quoted  prices
for similar securities,
interest rates,
prepayment speeds,
credit risk, etc.)		    Level 3
Significant unobservable
inputs (including the
Portfolio’s own
assumptions in
determining the fair
value of investments)		    Total

Energy

    $ 29,408,361    $ —      $ —      $ 29,408,361

Financials

      63,063,807      —        —        63,063,807

Health Care

      35,477,002      —        —        35,477,002

Industrials

      79,591,456      18,639      —        79,610,095

Information Technology

      39,241,437      —        —        39,241,437

Materials

      31,422,523      —        —        31,422,523

Telecommunication Services

      1,630,007      —        —        1,630,007

Utilities

      10,706,768      —        —        10,706,768

Futures

      12,243      —        —        12,243

Investment Companies

            

Investment Companies

      35,229      —        —        35,229

Short-Term Investments

      —        15,947,993      —        15,947,993
                           

Total Assets

    $ 365,394,478    $ 15,966,632    $ —      $ 381,361,110
                           

Total Liabilities

    $ —      $ —      $ —      $ —  
                           

Total

    $ 365,394,478    $ 15,966,632    $ —      $ 381,361,110
                           

Investment security transactions for the three months ended March 31, 2010 were as follows:

 

Cost of Purchases:

   

Stocks and long-term corporate debt securities

    $ 6,831,598

Net Proceeds of Sales and Redemptions:

   

Stocks and long-term corporate debt securities

    $ 9,897,512

As of March 31, 2010, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investments for Federal income tax purposes was as follows:

 

Aggregate gross unrealized appreciation

    $ 82,891,473   

Aggregate gross unrealized depreciation

      (16,631,962 ) 
        

Net unrealized appreciation

    $ 66,259,511   
        

Federal income tax cost of investments

    $ 315,089,356   
        

The Portfolio has a net capital loss carryforward of $210,435,931 of which $22,248,489 expires in the year 2016, and $188,187,442 expires in the year 2017.

 

See Notes to Portfolio of Investments.

155

EQ ADVISORS TRUST

EQ/BLACKROCK BASIC VALUE EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

COMMON STOCKS:

      

Consumer Discretionary (7.2%)

      

Media (6.7%)

      

Comcast Corp., Class A

    1,193,900    $ 21,454,383

Time Warner, Inc.^

    980,570      30,662,424

Viacom, Inc., Class B*

    1,385,700      47,640,366

Walt Disney Co.

    848,300      29,614,153
         
        129,371,326
         

Specialty Retail (0.5%)

      

Limited Brands, Inc.^

    337,600      8,311,712
         

Total Consumer Discretionary

         137,683,038
         

Consumer Staples (10.6%)

      

Food & Staples Retailing (1.0%)

      

Kroger Co.

    828,400      17,943,144
         

Food Products (7.3%)

      

General Mills, Inc.

    461,600      32,676,664

Kraft Foods, Inc., Class A

    1,753,529      53,026,717

Unilever N.V. (N.Y. Shares)

    1,838,200      55,440,112
         
        141,143,493
         

Household Products (2.3%)

      

Kimberly-Clark Corp.

    707,020      44,457,417
         

Total Consumer Staples

         203,544,054
         

Energy (14.1%)

      

Energy Equipment & Services (4.9%)

      

Halliburton Co.

    2,026,800      61,067,484

Noble Corp.*

    781,500      32,682,330
         
        93,749,814
         

Oil, Gas & Consumable Fuels (9.2%)

      

Anadarko Petroleum Corp.

    460,600      33,545,498

Chevron Corp.

    281,000      21,308,230

Devon Energy Corp.

    90,300      5,818,029

Exxon Mobil Corp.^

    937,990      62,826,570

Hess Corp.

    374,500      23,424,975

Peabody Energy Corp.

    675,400      30,865,780
         
        177,789,082
         

Total Energy

         271,538,896
         

Financials (19.0%)

      

Capital Markets (2.7%)

      

Bank of New York Mellon Corp.

    792,578      24,474,809

Morgan Stanley

    958,100      28,062,749
         
        52,537,558
         

Commercial Banks (1.6%)

      

U.S. Bancorp^

    415,700      10,758,316

Wells Fargo & Co.

    636,700      19,814,104
         
        30,572,420
         

Diversified Financial Services (7.3%)

      

Bank of America Corp.

    2,998,689      53,526,599

Citigroup, Inc.*

    5,479,900      22,193,595

JPMorgan Chase & Co.

    1,464,690      65,544,877
         
        141,265,071
         

Insurance (7.4%)

      

ACE Ltd.

    436,300      22,818,490

Hartford Financial Services Group, Inc.^

    401,700      11,416,314

MetLife, Inc.

    640,317      27,751,339

Prudential Financial, Inc.

    249,865      15,116,832

Travelers Cos., Inc.^

    1,204,638    $ 64,978,174
         
        142,081,149
         

Total Financials

         366,456,198
         

Health Care (9.6%)

      

Health Care Equipment & Supplies (1.3%)

      

Covidien plc

    480,950      24,182,166
         

Health Care Providers & Services (1.2%)

      

UnitedHealth Group, Inc.*

    722,000      23,587,740
         

Pharmaceuticals (7.1%)

      

Bristol-Myers Squibb Co.^

    2,173,600      58,035,120

Eli Lilly and Co.

    494,900      17,925,278

Merck & Co., Inc.

    848,811      31,703,091

Pfizer, Inc.

    1,761,641      30,212,143
         
        137,875,632
         

Total Health Care

         185,645,538
         

Industrials (10.5%)

      

Aerospace & Defense (4.4%)

      

Honeywell International, Inc.

    597,400      27,044,298

Northrop Grumman Corp.

    320,800      21,034,856

Raytheon Co.

    650,177      37,138,110
         
        85,217,264
         

Construction & Engineering (1.4%)

      

Fluor Corp.^

    599,700      27,892,047
         

Electrical Equipment (0.4%)

      

Sensata Technologies Holding N.V.*^

    396,600      7,122,936
         

Industrial Conglomerates (3.7%)

      

General Electric Co.

    2,463,100      44,828,420

Tyco International Ltd.

    694,250      26,555,063
         
        71,383,483
         

Machinery (0.6%)

      

Deere & Co.

    193,600      11,511,456
         

Total Industrials

         203,127,186
         

Information Technology (15.4%)

      

Computers & Peripherals (4.9%)

      

Hewlett-Packard Co.^

    909,613      48,345,931

International Business Machines Corp.

    360,960      46,293,120
         
        94,639,051
         

Office Electronics (2.2%)

      

Xerox Corp.^

    4,254,887      41,485,148
         

Semiconductors & Semiconductor Equipment (8.3%)

      

Analog Devices, Inc.

    605,000      17,436,100

Intel Corp.

    1,459,000      32,477,340

Lam Research Corp.*

    366,500      13,677,780

LSI Corp.*^

    10,314,404      63,124,153

Maxim Integrated Products, Inc.

    877,400      17,012,786

Micron Technology, Inc.*^

    1,599,200      16,615,688
         
        160,343,847
         

Total Information Technology

         296,468,046
         

Materials (5.0%)

      

Chemicals (1.7%)

      

E.I. du Pont de Nemours & Co.

    903,950      33,663,098
         

 

See Notes to Portfolio of Investments.

156

EQ ADVISORS TRUST

EQ/BLACKROCK BASIC VALUE EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Metals & Mining (3.3%)

      

Alcoa, Inc.

      2,140,400    $ 30,479,296

Nucor Corp.^

      352,000      15,973,760

United States Steel Corp.^

      254,600      16,172,192
         
        62,625,248
         

Total Materials

         96,288,346
         

Telecommunication Services (4.6%)

      

Diversified Telecommunication Services (4.6%)

      

AT&T, Inc.

      708,158      18,298,803

Qwest Communications International, Inc.

      9,208,200      48,066,804

Verizon Communications, Inc.

      743,700      23,069,574
         

Total Telecommunication Services

         89,435,181
         

Utilities (2.3%)

      

Electric Utilities (1.2%)

      

Southern Co.^

      683,100      22,651,596
         

Multi-Utilities (1.1%)

      

Dominion Resources, Inc.

      524,520      21,563,017
         

Total Utilities

         44,214,613
         

Total Common Stocks (98.3%)
(Cost $1,565,640,220)

         1,894,401,096
         
     Principal
Amount		    Value
(Note 1)

SHORT-TERM INVESTMENTS:

      

Short-Term Investment of Cash Collateral for Securities Loaned (0.2%)

      

Goldman Sachs & Co., Repurchase Agreement

      

0.01%, 4/1/10 (v)

    $ 4,343,248      4,343,248
         

Time Deposit (1.2%)

      

JPMorgan Chase Nassau

      

0.000%, 4/1/10

      23,138,042      23,138,042
         

Total Short-Term Investments (1.4%)
(Amortized Cost $27,481,290)

         27,481,290
         

Total Investments (99.7%)
(Cost/Amortized Cost $1,593,121,510)

         1,921,882,386

Other Assets Less Liabilities (0.3%)

         5,419,320
         

Net Assets (100%)

       $ 1,927,301,706
         

 

* Non-income producing.
^ All, or a portion of security out on loan (See Note 1).
(v) Represents the Portfolio’s undivided interest in a joint repurchase agreement. The repurchase agreement was fully collateralized by U.S. government agency securities at the date of this Portfolio of Investments as follows: Government National Mortgage Association, 3.500%-15.000%, maturing 7/15/10 to 3/20/40, which had a total value of $4,430,113.

 

See Notes to Portfolio of Investments.

157

EQ ADVISORS TRUST

EQ/BLACKROCK BASIC VALUE EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

The following is a summary of the inputs used to value the Portfolio’s assets and liabilities carried at fair value as of March 31, 2010:

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, money market securities are valued using amortized cost, in accordance with rules under the Investment Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active market, such securities are reflected as Level 2.

Various inputs are used in determining the value of the Portfolio’s investments. These inputs are summarized in the three broad levels listed below:

 

Investment Type

    Level 1
Quoted prices in active
markets for identical
securities 		   Level 2
Significant other
observable inputs
(including quoted  prices
for similar securities,
interest rates,
prepayment speeds,
credit risk, etc.)		    Level 3
Significant unobservable
inputs (including the
Portfolio’s own
assumptions in
determining the fair
value of investments)		    Total

Assets:

            

Common Stocks

            

Consumer Discretionary

    $ 137,683,038    $ —      $ —      $ 137,683,038

Consumer Staples

      203,544,054      —        —        203,544,054

Energy

      271,538,896      —        —        271,538,896

Financials

      366,456,198      —        —        366,456,198

Health Care

      185,645,538      —        —        185,645,538

Industrials

      203,127,186      —        —        203,127,186

Information Technology

      296,468,046      —        —        296,468,046

Materials

      96,288,346      —        —        96,288,346

Telecommunication Services

      89,435,181      —        —        89,435,181

Utilities

      44,214,613      —        —        44,214,613

Short-Term Investments

      —        27,481,290      —        27,481,290
                           

Total Assets

    $ 1,894,401,096    $ 27,481,290    $ —      $ 1,921,882,386
                           

Total Liabilities

    $ —      $ —      $ —      $ —  
                           

Total

    $ 1,894,401,096    $ 27,481,290    $ —      $ 1,921,882,386
                           

Investment security transactions for the three months ended March 31, 2010 were as follows:

 

Cost of Purchases:

   

Stocks and long-term corporate debt securities

    $ 241,123,245

Net Proceeds of Sales and Redemptions:

   

Stocks and long-term corporate debt securities

    $ 216,230,959

As of March 31, 2010, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investments for Federal income tax purposes was as follows:

 

Aggregate gross unrealized appreciation

    $ 198,225,281   

Aggregate gross unrealized depreciation

      (57,452,824 ) 
        

Net unrealized appreciation

    $ 140,772,457   
        

Federal income tax cost of investments

    $ 1,781,109,929   
        

At March 31, 2010, the Portfolio had loaned securities with a total value of $4,119,589. This was secured by collateral of $4,343,248, which was received as cash and subsequently invested in short-term investments currently valued at $4,343,248, as reported in the Portfolio of Investments.

The Portfolio has a net capital loss carryforward of $1,282,193,580 of which $265,431,085 expires in the year 2016 and $1,016,762,495 expires in the year 2017.

 

See Notes to Portfolio of Investments.

158

EQ ADVISORS TRUST

EQ/BLACKROCK INTERNATIONAL VALUE PORTFOLIO

PORTFOLIO OF INVESTMENTS

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

COMMON STOCKS:

      

Australia (3.8%)

      

Newcrest Mining Ltd.^

    643,811    $ 19,389,832

Octaviar Ltd.(b)*†

    9,487,254      —  

Suncorp-Metway Ltd.^

    3,070,515      24,062,800

Telstra Corp., Ltd.

    5,605,821      15,381,103
         

Total Australia

         58,833,735
         

Japan (24.3%)

      

Fujifilm Holdings Corp.^

    911,700      31,400,941

Hitachi Ltd.*

    7,349,000      27,433,961

JFE Holdings, Inc.^

    607,900      24,481,159

Mitsubishi Corp.

    1,415,200      37,086,747

Mitsubishi Heavy Industries Ltd.

    7,081,000      29,311,659

Mitsubishi UFJ Financial Group, Inc.

    4,918,800      25,780,426

Mitsui Chemicals, Inc.

    4,754,000      14,390,651

Nippon Telegraph & Telephone Corp.

    414,100      17,451,642

Nomura Holdings, Inc.

    4,002,000      29,493,828

Seven & I Holdings Co., Ltd.

    1,102,600      26,642,137

Sony Corp.^

    809,300      30,990,416

TDK Corp.^

    400,600      26,652,391

Tokio Marine Holdings, Inc.

    680,800      19,173,670

Toyota Motor Corp.

    969,800      38,848,016
         

Total Japan

         379,137,644
         

Latin America (0.5%)

      

Brazil (0.5%)

      

Cyrela Brazil Realty S.A.

    688,838      8,068,432
         

Total Latin America

         8,068,432
         

Other European Countries (38.8%)

      

Belgium (0.4%)

      

KBC Groep N.V.*

    126,445      6,123,422
         

France (11.7%)

      

EDF S.A.^

    507,560      27,695,651

Sanofi-Aventis S.A.

    486,128      36,237,135

Societe Generale S.A.

    571,839      35,964,680

Total S.A.

    855,471      49,660,893

Vinci S.A.

    572,191      33,722,427
         
        183,280,786
         

Germany (8.4%)

      

Bayer AG

    436,519      29,526,386

Continental AG*^

    389,525      19,752,873

Daimler AG

    662,243      31,176,351

Deutsche Post AG (Registered)

    1,553,610      26,953,734

HeidelbergCement AG

    431,326      24,060,160
         
        131,469,504
         

Hungary (0.7%)

      

OTP Bank plc*

    298,772      10,449,211
         

Italy (4.0%)

      

ENI S.p.A.^

    1,645,869      38,613,388

Fiat S.p.A.*^

    1,815,869      23,643,097
         
        62,256,485
         

Netherlands (3.1%)

      

European Aeronautic Defence and Space Co. N.V.^

    903,080      18,168,102

Koninklijke Ahold N.V.

    2,304,582      30,722,188
         
        48,890,290
         

Russia (1.0%)

      

Gazprom OAO (ADR)

    660,756      15,507,943
         

Switzerland (9.5%)

      

Nestle S.A. (Registered)

    981,528    $ 50,267,936

Novartis AG (Registered)

    889,469      48,041,786

Petroplus Holdings AG*^

    649,384      12,065,092

Zurich Financial Services AG

    148,229      37,999,145
         
        148,373,959
         

Total Other European Countries

         606,351,600
         

Scandinavia (6.5%)

      

Denmark (1.9%)

      

Carlsberg A/S, Class B

    352,759      29,606,719
         

Finland (2.9%)

      

KCI Konecranes Oyj

    659,825      19,490,383

Nokia Oyj

    1,669,256      25,995,314
         
        45,485,697
         

Norway (1.7%)

      

Statoil ASA^

    1,147,129      26,558,916
         

Total Scandanavia

         101,651,332
         

Southeast Asia (5.9%)

      

China (1.0%)

      

China Construction Bank Corp., Class H

    18,784,000      15,386,707
         

Hong Kong (1.4%)

      

Hutchison Whampoa Ltd.

    3,090,000      22,605,145
         

South Korea (1.3%)

      

Samsung Electronics Co., Ltd. (GDR)

    56,013      20,584,778
         

Taiwan (2.2%)

      

Quanta Computer, Inc.

    7,454,000      14,458,291

Taiwan Semiconductor Manufacturing Co., Ltd. (ADR)

    1,853,514      19,443,362
         
        33,901,653
         

Total Southeast Asia

         92,478,283
         

United Kingdom (16.7%)

      

Aviva plc

    3,525,595      20,613,898

Barclays plc

    6,007,029      32,843,747

BHP Billiton plc

    1,167,038      40,024,152

BT Group plc, Class A

    14,703,037      27,644,393

Centrica plc

    7,117,575      31,743,904

Ladbrokes plc

    8,772,154      21,165,673

Lloyds Banking Group plc*

    33,359,329      31,775,920

United Business Media Ltd.

    3,308,044      27,534,463

Vodafone Group plc

    11,915,655      27,484,650
         

Total United Kingdom

         260,830,800
         

Total Common Stocks (96.5%)
(Cost $1,488,295,688)

         1,507,351,826
         
     Number of
Warrants		    Value
(Note 1)

WARRANTS:

      

Germany (1.2%)

      

Axis Bank Ltd., expiring 8/17/17*

    744,511      19,363,838
         

India (0.4%)

      

Rolta India Ltd., expiring 5/26/14*†

    1,423,162      5,672,677
         

Total Warrants (1.6%)
(Cost $20,660,989)

         25,036,515
         

 

See Notes to Portfolio of Investments.

159

EQ ADVISORS TRUST

EQ/BLACKROCK INTERNATIONAL VALUE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Principal
Amount		    Value
(Note 1)		  

SHORT-TERM INVESTMENTS:

      

Short-Term Investments of Cash Collateral for Securities Loaned (3.2%)

      

Credit Agricole S.A./New York

      

0.41%, 7/2/10 (l)

    $ 4,999,541    $ 5,000,026   

Goldman Sachs & Co., Repurchase Agreement

      

0.01%, 4/1/10 (v)

      31,266,668      31,266,668   

Lehman Brothers Holdings, Inc.

      

0.00%, 8/21/09 (h)(s)

      10,000,000      2,300,000   

Monumental Global Funding II

      

0.43%, 5/26/10 (l)

      1,000,000      992,900   

Pricoa Global Funding I

      

0.40%, 6/25/10 (l)

      10,999,723      10,930,359   
           

Total Short-Term Investments of Cash Collateral for Securities Loaned

         50,489,953   
           

Time Deposit (2.0%)

      

JPMorgan Chase Nassau

      

0.000%, 4/1/10

      30,721,187      30,721,187   
           

Total Short-Term Investments (5.2%)
(Cost/Amortized Cost $88,987,120)

         81,211,140   
           

Total Investments (103.3%)
(Cost/Amortized Cost $1,597,943,797)

         1,613,599,481   

Other Assets Less Liabilities (-3.3%)

         (51,220,910 ) 
           

Net Assets (100%)

       $ 1,562,378,571   
           

Market Sector Diversification

As a Percentage of Total Net Assets

 

Consumer Discretionary

    12.9 % 

Consumer Staples

    8.8   

Energy

    9.2   

Financials

    19.6   

Health Care

    7.3   

Industrials

    11.8   

Information Technology

    11.1   

Materials

    7.9   

Telecommunication Services

    5.7   

Utilities

    3.8   

Cash and Other

    1.9   
      
   100.0 % 
      

 

* Non-income producing.

 

^ All, or a portion of security out on loan (See Note 1).

 

† Securities (totaling $5,672,677 or 0.4% of net assets) at fair value by management.

 

(b) Illiquid Security.

 

(h) Security in default.

 

(l) Floating Rate Security. Rate disclosed is as of March 31, 2010.

 

(s) Issuer in bankruptcy.

 

(v) Represents the Portfolio’s undivided interest in a joint repurchase agreement. The repurchase agreement was fully collateralized by U.S. government agency securities at the date of this Portfolio of Investments as follows: Government National Mortgage Association, 3.500%-15.000%, maturing 7/15/10 to 3/20/40, which had a total value of $31,892,001.

Glossary:

ADR — American Depositary Receipt

GDR — Global Depositary Receipt

 

See Notes to Portfolio of Investments.

160

EQ ADVISORS TRUST

EQ/BLACKROCK INTERNATIONAL VALUE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

At March 31, 2010, the Portfolio had outstanding foreign currency contracts to buy/sell foreign currencies as follows: (Note 1)

 

     Local
Contract  Buy
Amount
(000’s)		    U.S. $
Current
Buy
Value		    U.S. $
Current
Sell
Value		    Unrealized
Appreciation/
(Depreciation)		  

Foreign Currency Buy Contract

            

British Pound vs. U.S. Dollar, expiring 6/11/10

    78,013    $ 118,340,641    $ 116,645,413    $ 1,695,228   
                 
     Local
Contract  Sell
Amount
(000’s)		    U.S. $
Current
Buy
Value		    U.S. $
Current
Sell
Value		    Unrealized
Appreciation/
(Depreciation)		  

Foreign Currency Sell Contracts

            

British Pound vs. U.S. Dollar, expiring 6/11/10

    14,181    $ 21,311,857    $ 21,512,241    $ (200,384 ) 

European Union Euro vs. U.S. Dollar, expiring 6/11/10

    31,809      43,417,166      42,962,932      454,234   

Japanese Yen vs. U.S. Dollar, expiring 6/11/10

    6,634,333      73,228,248      70,989,431      2,238,817   
                 
            $ 2,492,667   
                 
            $ 4,187,895   
                 

The following is a summary of the inputs used to value the Portfolio’s assets and liabilities carried at fair value as of March 31, 2010:

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, money market securities are valued using amortized cost, in accordance with rules under the Investment Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active market, such securities are reflected as Level 2.

Various inputs are used in determining the value of the Portfolio’s investments. These inputs are summarized in the three broad levels listed below:

 

Investment Type

    Level 1
Quoted prices in active
markets for identical
securities 		   Level 2
Significant other
observable inputs
(including quoted  prices
for similar securities,
interest rates,
prepayment speeds,
credit risk, etc.)		     Level 3
Significant unobservable
inputs (including the
Portfolio’s own
assumptions in
determining the fair
value of investments)		    Total  

Assets:

           

Common Stocks

           

Consumer Discretionary

    $ 8,068,432    $ 193,110,889      $ —      $ 201,179,321   

Consumer Staples

      —        137,238,980        —        137,238,980   

Energy

      15,507,943      126,898,289        —        142,406,232   

Financials

      —        289,667,454        —        289,667,454   

Health Care

      —        113,805,307        —        113,805,307   

Industrials

      —        187,338,197        —        187,338,197   

Information Technology

      19,443,362      146,525,676        —        165,969,038   

Materials

      —        122,345,954        —        122,345,954   

Telecommunication Services

      —        87,961,788        —        87,961,788   

Utilities

      —        59,439,555        —        59,439,555   

Forward Currency Contracts

      —        4,388,279        —        4,388,279   

Short-Term Investments

      —        81,211,140        —        81,211,140   

Warrants

           

Financials

      —        19,363,838        —        19,363,838   

Information Technology

      —        —          5,672,677      5,672,677   
                              

Total Assets

    $ 43,019,737    $ 1,569,295,346      $ 5,672,677    $ 1,617,987,760   
                              

Liabilities:

           

Forward Currency Contracts

    $ —      $ (200,384 )    $ —      $ (200,384 ) 
                              

Total Liabilities

    $ —      $ (200,384 )    $ —      $ (200,384 ) 
                              

Total

    $ 43,019,737    $ 1,569,094,962      $ 5,672,677    $ 1,617,787,376   
                              

 

See Notes to Portfolio of Investments.

161

EQ ADVISORS TRUST

EQ/BLACKROCK INTERNATIONAL VALUE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:

 

     Investments in
Securities-
Information Technology		  

Balance as of 12/31/09

    $ 5,977,372   

Total gains or losses (realized/unrealized) included in earnings

      (304,695 ) 

Purchases, sales, issuances, and settlements (net)

      —     

Transfers into Level 3

      —     

Transfers out of Level 3

      —     
        

Balance as of 3/31/10

    $ 5,672,677   
        

The amount of total gains or losses for the year included in earnings attributable to the change in unrealized gains or losses relating to assets and liabilities still held at period ending 3/31/10.

    $ (304,695 ) 

Investment security transactions for the three months ended March 31, 2010 were as follows:

 

Cost of Purchases:

   

Stocks and long-term corporate debt securities

    $ 546,232,186

Net Proceeds of Sales and Redemptions:

   

Stocks and long-term corporate debt securities

    $ 551,688,034

As of March 31, 2010, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investments for Federal income tax purposes was as follows:

 

Aggregate gross unrealized appreciation

    $ 80,591,540   

Aggregate gross unrealized depreciation

      (103,940,575 ) 
        

Net unrealized depreciation

    $ (23,349,035 ) 
        

Federal income tax cost of investments

    $ 1,636,948,516   
        

At March 31, 2010, the Portfolio had loaned securities with a total value of $55,756,272. This was secured by collateral of $58,265,932, which was received as cash and subsequently invested in short-term investments currently valued at $50,489,953, as reported in the Portfolio of Investments.

The Portfolio has a net capital loss carryforward of $756,884,710 of which $412,038,712 expires in the year 2016 and $344,845,998 expires in the year 2017.

 

See Notes to Portfolio of Investments.

162

EQ ADVISORS TRUST

EQ/BOSTON ADVISORS EQUITY INCOME PORTFOLIO

PORTFOLIO OF INVESTMENTS

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

COMMON STOCKS:

      

Consumer Discretionary (9.8%)

      

Auto Components (1.4%)

      

Cooper Tire & Rubber Co.

    402,000    $ 7,646,040

Johnson Controls, Inc.

    111,600      3,681,684
         
        11,327,724
         

Diversified Consumer Services (1.0%)

      

Service Corp. International

    438,400      4,024,512

Weight Watchers International, Inc.

    157,200      4,013,316
         
        8,037,828
         

Hotels, Restaurants & Leisure (0.6%)

      

Brinker International, Inc.

    236,100      4,552,008
         

Household Durables (0.6%)

      

Whirlpool Corp.

    50,800      4,432,300
         

Leisure Equipment & Products (1.7%)

      

Mattel, Inc.

    221,400      5,034,636

Polaris Industries, Inc.

    156,300      7,996,308
         
        13,030,944
         

Media (3.0%)

      

Comcast Corp., Class A

    710,403      13,369,784

Regal Entertainment Group, Class A

    404,800      7,112,336

Shaw Communications, Inc., Class B

    150,300      2,986,461
         
        23,468,581
         

Specialty Retail (1.5%)

      

Gap, Inc.

    497,680      11,501,385
         

Total Consumer Discretionary

         76,350,770
         

Consumer Staples (6.7%)

      

Food & Staples Retailing (1.1%)

      

SUPERVALU, Inc.

    514,214      8,577,090
         

Food Products (3.0%)

      

Campbell Soup Co.

    88,600      3,132,010

ConAgra Foods, Inc.

    360,100      9,027,707

Del Monte Foods Co.

    234,300      3,420,780

Kraft Foods, Inc., Class A

    96,800      2,927,232

Sara Lee Corp.

    352,800      4,914,504
         
        23,422,233
         

Household Products (1.6%)

      

Clorox Co.

    79,300      5,086,302

Kimberly-Clark Corp.

    63,500      3,992,880

Procter & Gamble Co.

    50,000      3,163,500
         
        12,242,682
         

Tobacco (1.0%)

      

Reynolds American, Inc.

    140,400      7,578,792
         

Total Consumer Staples

         51,820,797
         

Energy (17.5%)

      

Energy Equipment & Services (0.6%)

      

Ensco plc (ADR)

    98,000      4,388,440
         

Oil, Gas & Consumable Fuels (16.9%)

      

Cenovus Energy, Inc.

    295,400      7,742,434

Chevron Corp.

    420,800      31,909,264

CNOOC Ltd. (ADR)

    81,200      13,404,496

ConocoPhillips

    138,900      7,107,513

EnCana Corp.

    203,800      6,323,914

ENI S.p.A. (ADR)

    75,600      3,547,908

Exxon Mobil Corp.

    390,600      26,162,388

Linn Energy LLC

    228,400    $ 5,874,448

Sasol Ltd. (ADR)

    256,000      10,565,120

Spectra Energy Corp.

    343,400      7,736,802

Teekay Corp.

    96,500      2,194,410

Williams Cos., Inc.

    363,800      8,403,780
         
        130,972,477
         

Total Energy

         135,360,917
         

Financials (23.5%)

      

Capital Markets (2.4%)

      

Ameriprise Financial, Inc.

    223,600      10,142,496

Federated Investors, Inc., Class B

    319,800      8,436,324
         
        18,578,820
         

Commercial Banks (5.1%)

      

Bancolombia S.A. (ADR)

    84,900      3,876,534

Bank of Hawaii Corp.

    38,400      1,726,080

BB&T Corp.

    195,800      6,341,962

BOK Financial Corp.

    52,100      2,732,124

Cullen/Frost Bankers, Inc.

    70,400      3,928,320

PNC Financial Services Group, Inc.

    69,500      4,149,150

Wells Fargo & Co.

    538,200      16,748,784
         
        39,502,954
         

Diversified Financial Services (5.7%)

      

Bank of America Corp.

    883,860      15,776,901

Citigroup, Inc.*

    436,600      1,768,230

JPMorgan Chase & Co.

    516,200      23,099,950

NYSE Euronext

    121,300      3,591,693
         
        44,236,774
         

Insurance (6.9%)

      

Axis Capital Holdings Ltd.

    197,100      6,161,346

Chubb Corp.

    80,500      4,173,925

Endurance Specialty Holdings Ltd.

    259,200      9,629,280

PartnerReinsurance Ltd.

    91,500      7,294,380

Sun Life Financial, Inc.

    249,700      8,022,861

Travelers Cos., Inc.

    176,100      9,498,834

Validus Holdings Ltd.

    125,900      3,466,027

XL Capital Ltd., Class A

    285,600      5,397,840
         
        53,644,493
         

Real Estate Investment Trusts (REITs) (2.3%)

      

Annaly Capital Management, Inc. (REIT)

    576,300      9,900,834

Digital Realty Trust, Inc. (REIT)

    137,000      7,425,400
         
        17,326,234
         

Thrifts & Mortgage Finance (1.1%)

      

Hudson City Bancorp, Inc.

    608,100      8,610,696
         

Total Financials

         181,899,971
         

Health Care (8.4%)

      

Health Care Providers & Services (2.3%)

      

AmerisourceBergen Corp.

    261,200      7,553,904

Cardinal Health, Inc.

    170,400      6,139,512

CIGNA Corp.

    119,300      4,363,994
         
        18,057,410
         

Pharmaceuticals (6.1%)

      

Eli Lilly and Co.

    234,360      8,488,519

Johnson & Johnson

    59,620      3,887,224

Merck & Co., Inc.

    130,000      4,855,500

Pfizer, Inc.

    1,271,500      21,806,225

Sanofi-Aventis S.A. (ADR)

    224,800      8,398,528
         
        47,435,996
         

Total Health Care

         65,493,406
         

 

See Notes to Portfolio of Investments.

163

EQ ADVISORS TRUST

EQ/BOSTON ADVISORS EQUITY INCOME PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Industrials (10.7%)

      

Aerospace & Defense (0.3%)

      

Honeywell International, Inc.

      48,300    $ 2,186,541
         

Building Products (0.2%)

      

Masco Corp.

      126,400      1,961,728
         

Commercial Services & Supplies (1.1%)

      

Pitney Bowes, Inc.

      195,700      4,784,865

R.R. Donnelley & Sons Co.

      190,100      4,058,635
         
        8,843,500
         

Industrial Conglomerates (5.4%)

      

Carlisle Cos., Inc.

      156,100      5,947,410

General Electric Co.

      1,953,200      35,548,240
         
        41,495,650
         

Machinery (2.3%)

      

Caterpillar, Inc.

      133,200      8,371,620

Crane Co.

      132,100      4,689,550

Timken Co.

      150,700      4,522,507
         
        17,583,677
         

Road & Rail (1.1%)

      

Ryder System, Inc.

      225,500      8,740,380
         

Transportation Infrastructure (0.3%)

      

Grupo Aeroportuario del Sureste SAB de CV (ADR)

      44,500      2,307,325
         

Total Industrials

         83,118,801
         

Information Technology (5.4%)

      

Communications Equipment (0.5%)

      

Harris Corp.

      76,400      3,628,236
         

Computers & Peripherals (1.4%)

      

Diebold, Inc.

      118,200      3,754,032

International Business Machines Corp.

      55,800      7,156,350
         
        10,910,382
         

Office Electronics (0.7%)

      

Xerox Corp.

      587,000      5,723,250
         

Semiconductors & Semiconductor Equipment (2.1%)

      

Intel Corp.

      718,100      15,984,906
         

Software (0.7%)

      

Microsoft Corp.

      187,400      5,485,198
         

Total Information Technology

         41,731,972
         

Materials (4.0%)

      

Chemicals (1.6%)

      

Eastman Chemical Co.

      69,300      4,413,024

Lubrizol Corp.

      58,600      5,374,792

Valspar Corp.

      99,000      2,918,520
         
        12,706,336
         

Containers & Packaging (1.1%)

      

Greif, Inc., Class A

      78,500      4,311,220

Temple-Inland, Inc.

      195,600      3,996,108
         
        8,307,328
         

Metals & Mining (1.3%)

      

Cia Siderurgica Nacional S.A. (ADR)

      105,100      4,196,643

Compass Minerals International, Inc.

      33,900      2,719,797

Southern Copper Corp.

      86,100    $ 2,726,787
         
        9,643,227
         

Total Materials

         30,656,891
         

Telecommunication Services (5.7%)

      

Diversified Telecommunication Services (5.4%)

      

AT&T, Inc.

      382,800      9,891,552

Qwest Communications International, Inc.

      2,337,600      12,202,272

Telecom Italia S.p.A. (ADR)

      117,800      1,689,252

Verizon Communications, Inc.

      578,200      17,935,764
         
        41,718,840
         

Wireless Telecommunication Services (0.3%)

      

Cellcom Israel Ltd.

      80,300      2,743,851
         

Total Telecommunication Services

         44,462,691
         

Utilities (6.6%)

      

Electric Utilities (1.2%)

      

Northeast Utilities

      157,800      4,361,592

Pinnacle West Capital Corp.

      138,300      5,218,059
         
        9,579,651
         

Gas Utilities (1.5%)

      

Atmos Energy Corp.

      196,000      5,599,720

Energen Corp.

      82,700      3,848,031

UGI Corp.

      89,600      2,377,984
         
        11,825,735
         

Multi-Utilities (3.6%)

      

CMS Energy Corp.

      388,400      6,004,664

NSTAR

      224,800      7,962,416

PG&E Corp.

      222,300      9,429,966

Public Service Enterprise Group, Inc.

      144,700      4,271,544
         
        27,668,590
         

Water Utilities (0.3%)

      

Cia de Saneamento Basico do Estado de Sao Paulo (ADR)

      57,800      2,127,040
         

Total Utilities

         51,201,016
         

Total Common Stocks (98.3%)
(Cost $663,524,846)

         762,097,232
         
     Principal
Amount		    Value
(Note 1)

SHORT-TERM INVESTMENT:

      

Time Deposit (1.6%)

      

JPMorgan Chase Nassau

      

0.000%, 4/1/10

      

(Amortized Cost $12,072,709)

    $ 12,072,709      12,072,709
         

Total Investments (99.9%)
(Cost/Amortized Cost $675,597,555)

         774,169,941

Other Assets Less Liabilities (0.1%)

         519,162
         

Net Assets (100%)

       $ 774,689,103
         

 

* Non-income producing.

Glossary:

ADR — American Depositary Receipt

 

See Notes to Portfolio of Investments.

164

EQ ADVISORS TRUST

EQ/BOSTON ADVISORS EQUITY INCOME PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

The following is a summary of the inputs used to value the Portfolio’s assets and liabilities carried at fair value as of March 31, 2010:

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, money market securities are valued using amortized cost, in accordance with rules under the Investment Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active market, such securities are reflected as Level 2.

Various inputs are used in determining the value of the Portfolio’s investments. These inputs are summarized in the three broad levels listed below:

 

Investment Type

    Level 1
Quoted prices in active
markets for identical
securities 		   Level 2
Significant other
observable inputs
(including quoted  prices
for similar securities,
interest rates,
prepayment speeds,
credit risk, etc.)		    Level 3
Significant unobservable
inputs (including the
Portfolio’s  own
assumptions in
determining the fair
value of investments)		    Total

Assets:

            

Common Stocks

            

Consumer Discretionary

    $ 76,350,770    $ —      $ —      $ 76,350,770

Consumer Staples

      51,820,797      —        —        51,820,797

Energy

      135,360,917      —        —        135,360,917

Financials

      181,899,971      —        —        181,899,971

Health Care

      65,493,406      —        —        65,493,406

Industrials

      83,118,801      —        —        83,118,801

Information Technology

      41,731,972      —        —        41,731,972

Materials

      30,656,891      —        —        30,656,891

Telecommunication Services

      44,462,691      —        —        44,462,691

Utilities

      51,201,016      —        —        51,201,016

Short-Term Investments

      —        12,072,709      —        12,072,709
                           

Total Assets

    $ 762,097,232    $ 12,072,709    $ —      $ 774,169,941
                           

Total Liabilities

    $ —      $ —      $ —      $ —  
                           

Total

    $ 762,097,232    $ 12,072,709    $ —      $ 774,169,941
                           

Investment security transactions for the three months ended March 31, 2010 were as follows:

 

Cost of Purchases:

   

Stocks and long-term corporate debt securities

    $ 47,813,815

Net Proceeds of Sales and Redemptions:

   

Stocks and long-term corporate debt securities

    $ 71,882,301

As of March 31, 2010, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investments for Federal income tax purposes was as follows:

 

Aggregate gross unrealized appreciation

    $ 99,663,552   

Aggregate gross unrealized depreciation

      (18,192,607 ) 
        

Net unrealized appreciation

    $ 81,470,945   
        

Federal income tax cost of investments

    $ 692,698,996   
        

The Portfolio has a net capital loss carryforward of $90,700,354 of which $26,529,757 expires in the year 2016 and $64,170,597 expires in the year 2017.

 

See Notes to Portfolio of Investments.

165

EQ ADVISORS TRUST

EQ/CALVERT SOCIALLY RESPONSIBLE PORTFOLIO

PORTFOLIO OF INVESTMENTS

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

COMMON STOCKS:

      

Consumer Discretionary (18.9%)

      

Diversified Consumer Services (1.9%)

      

DeVry, Inc.

    13,200    $ 860,640

ITT Educational Services, Inc.*

    5,400      607,392
         
        1,468,032
         

Hotels, Restaurants & Leisure (1.2%)

      

Starbucks Corp.*

    37,900      919,833
         

Internet & Catalog Retail (3.8%)

      

Amazon.com, Inc.*

    15,300      2,076,669

Expedia, Inc.

    34,500      861,120
         
        2,937,789
         

Media (3.5%)

      

DIRECTV, Class A*

    35,400      1,196,874

Time Warner, Inc.

    22,833      713,988

Viacom, Inc., Class B*

    23,400      804,492
         
        2,715,354
         

Multiline Retail (1.9%)

      

Dollar Tree, Inc.*

    13,200      781,704

Family Dollar Stores, Inc.

    17,400      637,014
         
        1,418,718
         

Specialty Retail (6.6%)

      

Bed Bath & Beyond, Inc.*

    18,000      787,680

Best Buy Co., Inc.

    14,900      633,846

CarMax, Inc.*

    32,600      818,912

Home Depot, Inc.

    25,700      831,395

Ross Stores, Inc.

    16,300      871,561

TJX Cos., Inc.

    26,700      1,135,284
         
        5,078,678
         

Total Consumer Discretionary

         14,538,404
         

Consumer Staples (6.5%)

      

Food & Staples Retailing (2.3%)

      

Walgreen Co.

    26,700      990,303

Whole Foods Market, Inc.*

    20,200      730,230
         
        1,720,533
         

Food Products (2.0%)

      

Campbell Soup Co.

    21,400      756,490

General Mills, Inc.

    11,400      807,006
         
        1,563,496
         

Household Products (0.9%)

      

Procter & Gamble Co.

    11,300      714,951
         

Personal Products (1.3%)

      

Estee Lauder Cos., Inc., Class A

    15,500      1,005,485
         

Total Consumer Staples

         5,004,465
         

Energy (5.6%)

      

Energy Equipment & Services (4.3%)

      

Cameron International Corp.*

    21,000      900,060

FMC Technologies, Inc.*

    17,300      1,118,099

Noble Corp.*

    31,600      1,321,512
         
        3,339,671
         

Oil, Gas & Consumable Fuels (1.3%)

      

Southwestern Energy Co.*

    23,400      952,848
         

Total Energy

         4,292,519
         

Financials (9.4%)

      

Capital Markets (2.7%)

      

BlackRock, Inc.

    3,000      653,280

Franklin Resources, Inc.

    3,300    $ 365,970

Goldman Sachs Group, Inc.

    6,000      1,023,780
         
        2,043,030
         

Commercial Banks (1.7%)

      

Banco Bilbao Vizcaya Argentaria S.A. (ADR)

    35,200      481,888

Barclays plc (ADR)

    36,400      791,700
         
        1,273,588
         

Consumer Finance (1.0%)

      

SLM Corp.*

    62,700      785,004
         

Insurance (3.1%)

      

Aflac, Inc.

    16,300      884,927

Prudential Financial, Inc.

    12,900      780,450

XL Capital Ltd., Class A

    40,200      759,780
         
        2,425,157
         

Thrifts & Mortgage Finance (0.9%)

      

Hudson City Bancorp, Inc.

    49,900      706,584
         

Total Financials

         7,233,363
         

Health Care (17.1%)

      

Biotechnology (3.3%)

      

Amgen, Inc.*

    11,300      675,288

Biogen Idec, Inc.*

    12,900      739,944

Gilead Sciences, Inc.*

    25,400      1,155,192
         
        2,570,424
         

Health Care Equipment & Supplies (3.0%)

      

Medtronic, Inc.

    16,500      742,995

Stryker Corp.

    13,600      778,192

Varian Medical Systems, Inc.*

    14,000      774,620
         
        2,295,807
         

Health Care Providers & Services (4.5%)

      

AmerisourceBergen Corp.

    29,300      847,356

Express Scripts, Inc.*

    11,200      1,139,712

McKesson Corp.

    11,300      742,636

Quest Diagnostics, Inc.

    12,700      740,283
         
        3,469,987
         

Life Sciences Tools & Services (1.0%)

      

Life Technologies Corp.*

    14,300      747,461
         

Pharmaceuticals (5.3%)

      

Allergan, Inc.

    12,100      790,372

Bristol-Myers Squibb Co.

    26,187      699,193

Forest Laboratories, Inc.*

    35,400      1,110,144

Johnson & Johnson

    22,600      1,473,520
         
        4,073,229
         

Total Health Care

         13,156,908
         

Industrials (5.0%)

      

Air Freight & Logistics (1.0%)

      

C.H. Robinson Worldwide, Inc.

    13,600      759,560
         

Electrical Equipment (2.4%)

      

Cooper Industries plc

    19,400      930,036

First Solar, Inc.*

    7,700      944,405
         
        1,874,441
         

Trading Companies & Distributors (1.6%)

      

W.W. Grainger, Inc.

    11,100      1,200,132
         

Total Industrials

         3,834,133
         

 

See Notes to Portfolio of Investments.

166

EQ ADVISORS TRUST

EQ/CALVERT SOCIALLY RESPONSIBLE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Information Technology (28.9%)

      
Communications Equipment (2.7%)      

Cisco Systems, Inc.*

      30,985    $ 806,540

Research In Motion Ltd.*

      16,900      1,249,755
         
        2,056,295
         
Computers & Peripherals (9.2%)      

Apple, Inc.*

      10,600      2,490,258

Hewlett-Packard Co.

      29,300      1,557,295

International Business Machines Corp.

      16,898      2,167,168

Seagate Technology*

      47,800      872,828
         
        7,087,549
         
Electronic Equipment, Instruments & Components (1.3%)      

Dolby Laboratories, Inc., Class A*

      17,400      1,020,858
         
Internet Software & Services (4.3%)      

eBay, Inc.*

      45,400      1,223,530

Google, Inc., Class A*

      3,700      2,097,937
         
        3,321,467
         
IT Services (6.5%)      

Cognizant Technology Solutions Corp., Class A*

      24,200      1,233,716

Infosys Technologies Ltd. (ADR)

      21,900      1,288,815

Mastercard, Inc., Class A

      6,300      1,600,200

Visa, Inc., Class A

      9,800      892,094
         
        5,014,825
         
Semiconductors & Semiconductor Equipment (3.1%)      

Intel Corp.

      38,500      857,010

Micron Technology, Inc.*

      145,000      1,506,550
         
        2,363,560
         
Software (1.8%)      

Microsoft Corp.

      48,900      1,431,303
         

Total Information Technology

         22,295,857
         

Materials (5.4%)

      
Chemicals (4.6%)      

Ecolab, Inc.

      15,000      659,250

Lubrizol Corp.

      10,100      926,372

Potash Corp. of Saskatchewan, Inc.

      7,100      847,385

Praxair, Inc.

      13,900      1,153,700
         
        3,586,707
         
Metals & Mining (0.8%)      

Aluminum Corp of China Ltd. (ADR)*

      23,700      610,038
         

Total Materials

         4,196,745
         

Telecommunication Services (0.8%)

      
Diversified Telecommunication Services (0.8%)      

AT&T, Inc.

      24,800      640,832
         

Total Telecommunication Services

         640,832
         

Utilities (0.8%)

      
Gas Utilities (0.8%)      

Questar Corp.

      15,000      648,000
         

Total Utilities

         648,000
         

Total Common Stocks (98.4%)
(Cost $64,974,451)

         75,841,226
         
     Principal
Amount		    Value
(Note 1)

SHORT-TERM INVESTMENT:

      

Time Deposit (1.2%)

      

JPMorgan Chase Nassau

      

0.000%, 4/1/10

(Amortized Cost $925,580)

    $ 925,580    $ 925,580
         

Total Investments (99.6%)
(Cost/Amortized Cost $65,900,031)

         76,766,806

Other Assets Less Liabilities (0.4%)

         326,120
         

Net Assets (100%)

       $ 77,092,926
         

 

* Non-income producing.

Glossary:

ADR — American Depositary Receipt

 

See Notes to Portfolio of Investments.

167

EQ ADVISORS TRUST

EQ/CALVERT SOCIALLY RESPONSIBLE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

The following is a summary of the inputs used to value the Portfolio’s assets and liabilities carried at fair value as of March 31, 2010:

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, money market securities are valued using amortized cost, in accordance with rules under the Investment Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active market, such securities are reflected as Level 2.

Various inputs are used in determining the value of the Portfolio’s investments. These inputs are summarized in the three broad levels listed below:

 

Investment Type

    Level 1
Quoted prices in active
markets for identical
securities		    Level 2
Significant other
observable inputs
(including quoted prices
for similar securities,
interest rates,
prepayment speeds,
credit risk, etc.)		    Level 3
Significant unobservable
inputs (including the
Portfolio’s own
assumptions in
determining the fair
value of investments)		    Total

Assets:

            

Common Stocks

            

Consumer Discretionary

    $ 14,538,404    $ —      $ —      $ 14,538,404

Consumer Staples

      5,004,465      —        —        5,004,465

Energy

      4,292,519      —        —        4,292,519

Financials

      7,233,363      —        —        7,233,363

Health Care

      13,156,908      —        —        13,156,908

Industrials

      3,834,133      —        —        3,834,133

Information Technology

      22,295,857      —        —        22,295,857

Materials

      4,196,745      —        —        4,196,745

Telecommunication Services

      640,832      —        —        640,832

Utilities

      648,000      —        —        648,000

Short-Term Investments

      —        925,580      —        925,580
                           

Total Assets

    $ 75,841,226    $ 925,580    $ —      $ 76,766,806
                           

Total Liabilities

    $ —      $ —      $ —      $ —  
                           

Total

    $ 75,841,226    $ 925,580    $ —      $ 76,766,806
                           

Investment security transactions for the three months ended March 31, 2010 were as follows:

 

Cost of Purchases:

   

Stocks and long-term corporate debt securities

    $ 6,483,121

Net Proceeds of Sales and Redemptions:

   

Stocks and long-term corporate debt securities

    $ 7,337,552

As of March 31, 2010, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investments for Federal income tax purposes was as follows:

 

Aggregate gross unrealized appreciation

    $ 14,148,634   

Aggregate gross unrealized depreciation

      (3,420,251 ) 
        

Net unrealized appreciation

    $ 10,728,383   
        

Federal income tax cost of investments

    $ 66,038,423   
        

The Portfolio has a net capital loss carryforward of $19,816,854 of which $7,445,003 expires in the year 2016 and $12,371,851 expires in the year 2017.

 

See Notes to Portfolio of Investments.

168

EQ ADVISORS TRUST

EQ/CAPITAL GUARDIAN GROWTH PORTFOLIO

PORTFOLIO OF INVESTMENTS

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

COMMON STOCKS:

      

Consumer Discretionary (12.8%)

      
Diversified Consumer Services (1.3%)      

Strayer Education, Inc.

    18,900    $ 4,602,528
         
Media (5.1%)      

DreamWorks Animation SKG, Inc., Class A*

    112,700      4,439,253

Omnicom Group, Inc.

    47,600      1,847,356

Scripps Networks Interactive, Inc., Class A

    43,700      1,938,095

Time Warner Cable, Inc.

    49,167      2,621,093

Time Warner, Inc.

    46,033      1,439,452

Viacom, Inc., Class B*

    184,600      6,346,548
         
        18,631,797
         
Multiline Retail (3.0%)      

Target Corp.

    206,950      10,885,570
         
Specialty Retail (2.0%)      

Lowe’s Cos., Inc.

    88,500      2,145,240

Urban Outfitters, Inc.*

    135,500      5,153,065
         
        7,298,305
         
Textiles, Apparel & Luxury Goods (1.4%)      

Coach, Inc.

    130,600      5,161,312
         

Total Consumer Discretionary

         46,579,512
         

Consumer Staples (9.7%)

      
Beverages (3.4%)      

PepsiCo, Inc.

    185,800      12,292,528
         
Food & Staples Retailing (2.1%)      

Costco Wholesale Corp.

    34,500      2,059,995

Wal-Mart Stores, Inc.

    98,700      5,487,720
         
        7,547,715
         
Household Products (1.6%)      

Colgate-Palmolive Co.

    26,400      2,250,864

Procter & Gamble Co.

    57,200      3,619,044
         
        5,869,908
         
Personal Products (1.2%)      

Alberto-Culver Co.

    64,700      1,691,905

Avon Products, Inc.

    85,900      2,909,433
         
        4,601,338
         
Tobacco (1.4%)      

Philip Morris International, Inc.

    97,700      5,096,032
         

Total Consumer Staples

         35,407,521
         

Energy (4.6%)

      
Energy Equipment & Services (4.6%)      

Baker Hughes, Inc.

    22,900      1,072,636

Diamond Offshore Drilling, Inc.

    12,000      1,065,720

Schlumberger Ltd.

    145,291      9,220,167

Transocean Ltd.*

    23,700      2,047,206

Weatherford International Ltd.*

    224,500      3,560,570
         

Total Energy

         16,966,299
         

Financials (7.6%)

      
Capital Markets (4.5%)      

Bank of New York Mellon Corp.

    40,300      1,244,464

Charles Schwab Corp.

    280,700      5,246,283

Goldman Sachs Group, Inc.

    57,700      9,845,351
         
        16,336,098
         
Diversified Financial Services (1.4%)      

JPMorgan Chase & Co.

    118,100    $ 5,284,975
         
Insurance (1.7%)      

Berkshire Hathaway, Inc., Class A*

    16      1,948,800

Progressive Corp.

    189,000      3,608,010

RenaissanceReinsurance Holdings Ltd.

    13,700      777,612
         
        6,334,422
         

Total Financials

         27,955,495
         

Health Care (19.3%)

      
Biotechnology (3.3%)      

Celgene Corp.*

    197,100      12,212,316
         
Health Care Equipment & Supplies (4.6%)      

Baxter International, Inc.

    154,500      8,991,900

Medtronic, Inc.

    173,400      7,808,202
         
        16,800,102
         
Health Care Providers & Services (3.2%)      

Aetna, Inc.

    56,400      1,980,204

DaVita, Inc.*

    109,700      6,954,980

UnitedHealth Group, Inc.*

    85,100      2,780,217
         
        11,715,401
         
Health Care Technology (3.4%)      

Cerner Corp.*

    143,800      12,231,628
         
Pharmaceuticals (4.8%)      

Allergan, Inc.

    82,200      5,369,304

Merck & Co., Inc.

    39,800      1,486,530

Shire plc (ADR)

    107,000      7,057,720

Teva Pharmaceutical Industries Ltd. (ADR)

    56,084      3,537,779
         
        17,451,333
         

Total Health Care

         70,410,780
         

Industrials (7.7%)

      
Air Freight & Logistics (1.3%)      

FedEx Corp.

    50,000      4,670,000
         
Commercial Services & Supplies (0.7%)      

Iron Mountain, Inc.

    99,000      2,712,600
         
Construction & Engineering (0.3%)      

Jacobs Engineering Group, Inc.*

    22,000      994,180
         
Electrical Equipment (2.1%)      

Emerson Electric Co.

    42,600      2,144,484

First Solar, Inc.*

    45,700      5,605,105
         
        7,749,589
         
Machinery (2.7%)      

Cummins, Inc.

    17,800      1,102,710

Danaher Corp.

    57,900      4,626,789

Illinois Tool Works, Inc.

    82,700      3,916,672
         
        9,646,171
         
Trading Companies & Distributors (0.6%)      

W.W. Grainger, Inc.

    20,800      2,248,896
         

Total Industrials

         28,021,436
         

Information Technology (27.1%)

      
Communications Equipment (8.6%)      

Cisco Systems, Inc.*

    372,880      9,706,067

 

See Notes to Portfolio of Investments.

169

EQ ADVISORS TRUST

EQ/CAPITAL GUARDIAN GROWTH PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Juniper Networks, Inc.*

      273,300    $ 8,384,844

QUALCOMM, Inc.

      216,700      9,099,233

Research In Motion Ltd.*

      54,200      4,008,090
         
        31,198,234
         
Computers & Peripherals (4.4%)      

Apple, Inc.*

      47,800      11,229,654

International Business Machines Corp.

      15,400      1,975,050

NetApp, Inc.*

      86,400      2,813,184
         
        16,017,888
         
Electronic Equipment, Instruments & Components (0.3%)      

Jabil Circuit, Inc.

      69,100      1,118,729
         
Internet Software & Services (4.9%)      

Akamai Technologies, Inc.*

      55,200      1,733,832

eBay, Inc.*

      76,600      2,064,370

Google, Inc., Class A*

      23,380      13,256,694

Yahoo!, Inc.*

      55,399      915,745
         
        17,970,641
         
IT Services (2.5%)      

Paychex, Inc.

      61,600      1,891,120

Visa, Inc., Class A

      78,800      7,173,164
         
        9,064,284
         
Semiconductors & Semiconductor Equipment (1.7%)      

Broadcom Corp., Class A

      146,400      4,857,552

Maxim Integrated Products, Inc.

      78,000      1,512,420
         
        6,369,972
         
Software (4.7%)      

Adobe Systems, Inc.*

      182,200      6,444,414

Nintendo Co., Ltd. (ADR)

      118,400      4,931,360

Oracle Corp.

      220,200      5,656,938
         
        17,032,712
         

Total Information Technology

         98,772,460
         

Materials (6.6%)

      
Chemicals (2.2%)      

Ecolab, Inc.

      47,400      2,083,230

Monsanto Co.

      83,500      5,963,570
         
        8,046,800
         
Construction Materials (1.2%)      

Vulcan Materials Co.

      89,200      4,213,808
         
Metals & Mining (3.2%)      

Allegheny Technologies, Inc.

      138,100      7,456,019

Cliffs Natural Resources, Inc.

      61,400      4,356,330
         
        11,812,349
         

Total Materials

         24,072,957
         

Telecommunication Services (1.8%)

      
Wireless Telecommunication Services (1.8%)      

American Tower Corp., Class A*

      151,858      6,470,669
         

Total Telecommunication Services

         6,470,669
         

Total Common Stocks (97.2%)
(Cost $295,959,831)

         354,657,129
         
     Principal
Amount		    Value
(Note 1)

SHORT-TERM INVESTMENT:

      

Time Deposit (2.6%)

      

JPMorgan Chase Nassau

      

0.000%, 4/1/10

(Amortized Cost $9,380,490)

    $ 9,380,490    $ 9,380,490
         

Total Investments (99.8%)
(Cost/Amortized Cost $305,340,321)

         364,037,619

Other Assets Less Liabilities (0.2%)

         824,955
         

Net Assets (100%)

       $ 364,862,574
         

 

* Non-income producing.

Glossary:

ADR — American Depositary Receipt

 

See Notes to Portfolio of Investments.

170

EQ ADVISORS TRUST

EQ/CAPITAL GUARDIAN GROWTH PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

The following is a summary of the inputs used to value the Portfolio’s assets and liabilities carried at fair value as of March 31, 2010:

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, money market securities are valued using amortized cost, in accordance with rules under the Investment Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active market, such securities are reflected as Level 2.

Various inputs are used in determining the value of the Portfolio’s investments. These inputs are summarized in the three broad levels listed below:

 

Investment Type

    Level 1
Quoted prices in active
markets for identical
securities		    Level 2
Significant other
observable inputs
(including quoted prices
for similar securities,
interest rates,
prepayment speeds,
credit risk, etc.)		    Level 3
Significant unobservable
inputs (including the
Portfolio’s own
assumptions in
determining the fair
value of investments)		    Total

Assets:

            

Common Stocks

            

Consumer Discretionary

    $ 46,579,512    $ —      $ —      $ 46,579,512

Consumer Staples

      35,407,521      —        —        35,407,521

Energy

      16,966,299      —        —        16,966,299

Financials

      27,955,495      —        —        27,955,495

Health Care

      70,410,780      —        —        70,410,780

Industrials

      28,021,436      —        —        28,021,436

Information Technology

      98,772,460      —        —        98,772,460

Materials

      24,072,957      —        —        24,072,957

Telecommunication Services

      6,470,669      —        —        6,470,669

Short-Term Investments

      —        9,380,490      –      9,380,490
                           

Total Assets

    $ 354,657,129    $ 9,380,490    $ —      $ 364,037,619
                           

Total Liabilities

    $ —      $ —      $ —      $ —  
                           

Total

    $ 354,657,129    $ 9,380,490    $ —      $ 364,037,619
                           

Investment security transactions for the three months ended March 31, 2010 were as follows:

 

Cost of Purchases:

   

Stocks and long-term corporate debt securities

    $ 21,106,666

Net Proceeds of Sales and Redemptions:

   

Stocks and long-term corporate debt securities

    $ 34,971,226

As of March 31, 2010, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investments for Federal income tax purposes was as follows:

 

Aggregate gross unrealized appreciation

    $ 63,309,034   

Aggregate gross unrealized depreciation

      (5,217,908 ) 
        

Net unrealized appreciation

    $ 58,091,126   
        

Federal income tax cost of investments

    $ 305,946,493   
        

The Portfolio has a net capital loss carryforward of $168,770,670 of which $36,146,108 expires in the year 2010, $17,002,340 expires in the year 2011, $29,260,906 expires in the year 2016, and $86,361,316 expires in the year 2017.

 

See Notes to Portfolio of Investments.

171

EQ ADVISORS TRUST

EQ/CAPITAL GUARDIAN RESEARCH PORTFOLIO

PORTFOLIO OF INVESTMENTS

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

COMMON STOCKS:

      

Consumer Discretionary (12.2%)

      
Diversified Consumer Services (1.1%)      

Strayer Education, Inc.^

    57,500    $ 14,002,400
         
Hotels, Restaurants & Leisure (1.6%)      

Carnival Corp.

    222,900      8,666,352

McDonald’s Corp.

    156,900      10,468,368
         
        19,134,720
         
Household Durables (0.6%)      

Stanley Black & Decker, Inc.

    122,700      7,044,207
         
Media (3.7%)      

CBS Corp., Class B^

    213,600      2,977,584

DreamWorks Animation SKG, Inc., Class A*

    144,700      5,699,733

Gannett Co., Inc.^

    824,300      13,617,436

Scripps Networks Interactive, Inc., Class A

    160,300      7,109,305

Time Warner Cable, Inc.

    206,430      11,004,783

Viacom, Inc., Class B*

    151,600      5,212,008
         
        45,620,849
         
Multiline Retail (1.7%)      

Target Corp.

    383,000      20,145,800
         
Specialty Retail (3.0%)      

Home Depot, Inc.

    331,600      10,727,260

Lowe’s Cos., Inc.

    384,300      9,315,432

Urban Outfitters, Inc.*^

    424,200      16,132,326
         
        36,175,018
         
Textiles, Apparel & Luxury Goods (0.5%)      

Coach, Inc.

    157,200      6,212,544
         

Total Consumer Discretionary

         148,335,538
         

Consumer Staples (11.0%)

      
Beverages (2.6%)      

Coca-Cola Co.

    163,700      9,003,500

PepsiCo, Inc.

    341,900      22,620,104
         
        31,623,604
         
Food & Staples Retailing (1.1%)      

Costco Wholesale Corp.

    89,300      5,332,103

Wal-Mart Stores, Inc.

    134,500      7,478,200
         
        12,810,303
         
Food Products (2.4%)      

General Mills, Inc.

    203,300      14,391,607

Kraft Foods, Inc., Class A

    496,814      15,023,655
         
        29,415,262
         
Household Products (2.5%)      

Colgate-Palmolive Co.

    143,100      12,200,706

Procter & Gamble Co.

    290,500      18,379,935
         
        30,580,641
         
Personal Products (0.5%)      

Alberto-Culver Co.

    225,900      5,907,285
         
Tobacco (1.9%)      

Philip Morris International, Inc.

    440,972      23,001,100
         

Total Consumer Staples

         133,338,195
         

Energy (10.8%)

      
Energy Equipment & Services (2.2%)      

Diamond Offshore Drilling, Inc.^

    40,400      3,587,924

Schlumberger Ltd.

    118,200    $ 7,500,972

Transocean Ltd.*

    75,100      6,487,138

Weatherford International Ltd.*

    582,600      9,240,036
         
        26,816,070
         
Oil, Gas & Consumable Fuels (8.6%)      

Cenovus Energy, Inc.

    444,800      11,658,208

Chevron Corp.

    470,512      35,678,925

Pioneer Natural Resources Co.

    337,300      18,996,736

Royal Dutch Shell plc (ADR), Class A

    670,200      38,777,772
         
        105,111,641
         

Total Energy

         131,927,711
         

Financials (14.0%)

      
Capital Markets (6.0%)      

Bank of New York Mellon Corp.

    222,600      6,873,888

BlackRock, Inc.^

    11,000      2,395,360

Charles Schwab Corp.^

    396,400      7,408,716

Goldman Sachs Group, Inc.

    300,900      51,342,567

State Street Corp.

    116,900      5,276,866
         
        73,297,397
         
Diversified Financial Services (2.8%)      

CME Group, Inc.

    19,700      6,227,367

JPMorgan Chase & Co.

    618,936      27,697,386
         
        33,924,753
         
Insurance (3.8%)      

Allstate Corp.

    412,600      13,331,106

Aon Corp.

    177,000      7,559,670

Berkshire Hathaway, Inc., Class A*

    57      6,942,600

Progressive Corp.

    542,700      10,360,143

RenaissanceReinsurance Holdings Ltd.

    146,800      8,332,368
         
        46,525,887
         
Real Estate Investment Trusts (REITs) (1.4%)      

Plum Creek Timber Co., Inc. (REIT)^

    151,600      5,898,756

Ventas, Inc. (REIT)^

    234,800      11,148,304
         
        17,047,060
         

Total Financials

         170,795,097
         

Health Care (16.1%)

      
Biotechnology (2.8%)      

Celgene Corp.*

    547,100      33,898,316
         
Health Care Equipment & Supplies (2.6%)      

Baxter International, Inc.

    239,100      13,915,620

Boston Scientific Corp.*

    985,400      7,114,588

Medtronic, Inc.

    247,500      11,144,925
         
        32,175,133
         
Health Care Providers & Services (1.6%)      

DaVita, Inc.*

    306,175      19,411,495
         
Health Care Technology (1.6%)      

Cerner Corp.*^

    232,200      19,750,932
         
Life Sciences Tools & Services (0.6%)      

Mettler-Toledo International, Inc.*

    63,900      6,977,880
         
Pharmaceuticals (6.9%)      

Allergan, Inc.

    338,312      22,098,540

Johnson & Johnson

    186,600      12,166,320

Merck & Co., Inc.

    591,810      22,104,103

 

See Notes to Portfolio of Investments.

172

EQ ADVISORS TRUST

EQ/CAPITAL GUARDIAN RESEARCH PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)		  

Shire plc (ADR)^

      412,600    $ 27,215,096   
           
        83,584,059   
           

Total Health Care

         195,797,815   
           

Industrials (8.9%)

      
Aerospace & Defense (0.4%)      

Spirit AeroSystems Holdings, Inc., Class A*

      228,900      5,351,682   
           
Air Freight & Logistics (1.6%)      

FedEx Corp.

      206,400      19,277,760   
           
Commercial Services & Supplies (0.6%)      

Iron Mountain, Inc.

      275,400      7,545,960   
           
Construction & Engineering (0.5%)      

Jacobs Engineering Group, Inc.*^

      134,700      6,087,093   
           
Electrical Equipment (1.4%)      

Emerson Electric Co.

      211,400      10,641,876   

First Solar, Inc.*^

      50,200      6,157,030   
           
        16,798,906   
           
Industrial Conglomerates (0.4%)      

General Electric Co.^

      288,728      5,254,850   
           
Machinery (2.6%)      

Cummins, Inc.

      199,600      12,365,220   

Danaher Corp.

      108,500      8,670,235   

Illinois Tool Works, Inc.

      121,800      5,768,448   

Parker Hannifin Corp.

      80,900      5,237,466   
           
        32,041,369   
           
Road & Rail (1.4%)      

Norfolk Southern Corp.

      296,500      16,571,385   
           

Total Industrials

         108,929,005   
           

Information Technology (15.6%)

      
Communications Equipment (4.3%)      

Cisco Systems, Inc.*

      569,087      14,813,334   

Juniper Networks, Inc.*^

      523,800      16,070,184   

QUALCOMM, Inc.

      405,000      17,005,950   

Research In Motion Ltd.*

      60,600      4,481,370   
           
        52,370,838   
           
Computers & Peripherals (4.0%)      

Apple, Inc.*

      149,600      35,145,528   

NetApp, Inc.*

      406,500      13,235,640   
           
        48,381,168   
           
Electronic Equipment, Instruments & Components (1.1%)      

Jabil Circuit, Inc.

      815,800      13,207,802   
           
Internet Software & Services (1.6%)      

Google, Inc., Class A*

      35,380      20,060,814   
           
IT Services (1.7%)      

Visa, Inc., Class A

      226,400      20,609,192   
           
Semiconductors & Semiconductor Equipment (0.8%)      

Maxim Integrated Products, Inc.^

      520,300      10,088,617   
           
Software (2.1%)      

Adobe Systems, Inc.*

      275,300      9,737,361   

Oracle Corp.

      615,300    $ 15,807,057   
           
        25,544,418   
           

Total Information Technology

         190,262,849   
           

Materials (5.0%)

      
Chemicals (1.8%)      

Air Products & Chemicals, Inc.

      112,700      8,334,165   

Monsanto Co.

      83,400      5,956,428   

Potash Corp. of Saskatchewan, Inc.

      67,400      8,044,190   
           
        22,334,783   
           
Construction Materials (0.5%)      

Vulcan Materials Co.^

      124,900      5,900,276   
           
Metals & Mining (2.7%)      

Allegheny Technologies, Inc.^

      214,300      11,570,057   

Barrick Gold Corp.

      165,300      6,337,602   

Cliffs Natural Resources, Inc.

      110,400      7,832,880   

Nucor Corp.^

      150,200      6,816,076   
           
        32,556,615   
           

Total Materials

         60,791,674   
           

Telecommunication Services (3.4%)

      
Diversified Telecommunication Services (0.4%)      

tw telecom, Inc.*^

      224,300      4,071,045   
           
Wireless Telecommunication Services (3.0%)      

American Tower Corp., Class A*

      865,700      36,887,477   
           

Total Telecommunication Services

         40,958,522   
           

Utilities (1.4%)

      
Electric Utilities (0.4%)      

Edison International

      156,100      5,333,937   
           
Multi-Utilities (0.4%)      

Sempra Energy

      91,600      4,570,840   
           
Water Utilities (0.6%)      

American Water Works Co., Inc.

      316,600      6,889,216   
           

Total Utilities

         16,793,993   
           

Total Common Stocks (98.4%)
(Cost $1,016,186,791)

         1,197,930,399   
           
     Principal
Amount		    Value
(Note 1)		  

SHORT-TERM INVESTMENTS:

      

Short-Term Investment of Cash Collateral for Securities Loaned (0.2%)

      

Goldman Sachs & Co., Repurchase Agreement

      

0.01%, 4/1/10 (v)

    $ 1,950,087      1,950,087   
           

Time Deposit (2.5%)

      

JPMorgan Chase Nassau

      

0.000%, 4/1/10

      30,532,482      30,532,482   
           

Total Short-Term Investments (2.7%)
(Amortized Cost $32,482,569)

         32,482,569   
           

Total Investments (101.1%)
(Cost/Amortized Cost $1,048,669,360)

         1,230,412,968   

Other Assets Less Liabilities (-1.1%)

         (13,111,446 ) 
           

Net Assets (100%)

       $ 1,217,301,522   
           

 

See Notes to Portfolio of Investments.

173

EQ ADVISORS TRUST

EQ/CAPITAL GUARDIAN RESEARCH PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

* Non-income producing.

 

^ All, or a portion of security out on loan (See Note 1).

 

(v) Represents the Portfolio’s undivided interest in a joint repurchase agreement. The repurchase agreement was fully collateralized by U.S. government agency securities at the date of this Portfolio of Investments as follows: Government National Mortgage Association, 3.500%-15.000%, maturing 7/15/10 to 3/20/40, which had a total value of $1,989,089.

Glossary:

ADR — American Depositary Receipt

The following is a summary of the inputs used to value the Portfolio’s assets and liabilities carried at fair value as of March 31, 2010:

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, money market securities are valued using amortized cost, in accordance with rules under the Investment Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active market, such securities are reflected as Level 2.

Various inputs are used in determining the value of the Portfolio’s investments. These inputs are summarized in the three broad levels listed below:

 

Investment Type

    Level 1
Quoted prices in active
markets for identical
securities		    Level 2
Significant other
observable inputs
(including quoted prices
for similar securities,
interest rates,
prepayment speeds,
credit risk, etc.)		    Level 3
Significant unobservable
inputs (including the
Portfolio’s own
assumptions in
determining the fair
value of investments)		    Total

Assets:

            

Common Stocks

            

Consumer Discretionary

    $ 148,335,538    $ —      $ —      $ 148,335,538

Consumer Staples

      133,338,195      —        —        133,338,195

Energy

      131,927,711      —        —        131,927,711

Financials

      170,795,097      —        —        170,795,097

Health Care

      195,797,815      —        —        195,797,815

Industrials

      108,929,005      —        —        108,929,005

Information Technology

      190,262,849      —        —        190,262,849

Materials

      60,791,674      —        —        60,791,674

Telecommunication Services

      40,958,522      —        —        40,958,522

Utilities

      16,793,993      —        —        16,793,993

Short-Term Investments

      —        32,482,569      —        32,482,569
                           

Total Assets

    $ 1,197,930,399    $ 32,482,569    $ —      $ 1,230,412,968
                           

Total Liabilities

    $ —      $ —      $ —      $ —  
                           

Total

    $ 1,197,930,399    $ 32,482,569    $ —      $ 1,230,412,968
                           

Investment security transactions for the three months ended March 31, 2010 were as follows:

 

Cost of Purchases:

   

Stocks and long-term corporate debt securities

    $ 48,581,993

Net Proceeds of Sales and Redemptions:

   

Stocks and long-term corporate debt securities

    $ 94,507,550

 

See Notes to Portfolio of Investments.

174

EQ ADVISORS TRUST

EQ/CAPITAL GUARDIAN RESEARCH PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

As of March 31, 2010, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investments for Federal income tax purposes was as follows:

 

Aggregate gross unrealized appreciation

    $ 210,607,856   

Aggregate gross unrealized depreciation

      (28,864,248 ) 
        

Net unrealized appreciation

    $ 181,743,608   
        

Federal income tax cost of investments

    $ 1,048,669,360   
        

At March 31, 2010, the Portfolio had loaned securities with a total value of $1,923,514. This was secured by collateral of $1,950,087, which was received as cash and subsequently invested in short-term investments currently valued at $1,950,087, as reported in the Portfolio of Investments.

The Portfolio has a net capital loss carryforward of $423,362,470 of which $191,969,826 expires in the year 2016 and $231,392,644 expires in the year 2017.

 

See Notes to Portfolio of Investments.

175

EQ ADVISORS TRUST

EQ/COMMON STOCK INDEX PORTFOLIO

PORTFOLIO OF INVESTMENTS

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

COMMON STOCKS:

      

Consumer Discretionary (11.0%)

      
Auto Components (0.3%)      

ArvinMeritor, Inc.*

    200    $ 2,670

Autoliv, Inc.*^

    35,000      1,803,550

BorgWarner, Inc.*

    56,830      2,169,769

Federal Mogul Corp.*^

    69,800      1,281,528

Fuel Systems Solutions, Inc.*^

    11,800      377,128

Gentex Corp.

    62,900      1,221,518

Goodyear Tire & Rubber Co.*

    99,100      1,252,624

Johnson Controls, Inc.

    272,530      8,990,765

Modine Manufacturing Co.*

    830      9,329

Stoneridge, Inc.*

    800      7,912
         
        17,116,793
         
Automobiles (0.4%)      

Ford Motor Co.*^

    1,344,200      16,896,594

Harley-Davidson, Inc.^

    109,650      3,077,875

Thor Industries, Inc.

    26,110      788,783

Winnebago Industries, Inc.*

    1,470      21,477
         
        20,784,729
         
Distributors (0.1%)      

Core-Mark Holding Co., Inc.*

    40      1,224

Genuine Parts Co.^

    71,500      3,020,160

LKQ Corp.*

    62,200      1,262,660
         
        4,284,044
         
Diversified Consumer Services (0.4%)      

American Public Education, Inc.*^

    8,600      400,760

Apollo Group, Inc., Class A*

    53,030      3,250,209

Capella Education Co.*^

    7,800      724,152

Career Education Corp.*

    40,090      1,268,447

Coinstar, Inc.*

    19,900      646,750

Corinthian Colleges, Inc.*^

    34,300      603,337

DeVry, Inc.

    25,800      1,682,160

Education Management Corp.*^

    68,800      1,506,720

H&R Block, Inc.^

    142,850      2,542,730

Hillenbrand, Inc.

    26,700      587,133

ITT Educational Services, Inc.*

    16,100      1,810,928

K12, Inc.*

    16,500      366,465

Matthews International Corp., Class A

    13,300      472,150

Regis Corp.

    40,600      758,408

Sotheby’s, Inc.

    48,300      1,501,647

Steiner Leisure Ltd.*

    150      6,648

Strayer Education, Inc.^

    6,000      1,461,120

Weight Watchers International, Inc.

    15,500      395,715
         
        19,985,479
         
Hotels, Restaurants & Leisure (1.7%)      

Bally Technologies, Inc.*

    26,650      1,080,391

BJ’s Restaurants, Inc.*

    550      12,815

Bob Evans Farms, Inc.^

    23,530      727,312

Brinker International, Inc.

    50,690      977,303

Burger King Holdings, Inc.

    33,000      701,580

Carnival Corp.

    192,560      7,486,733

CEC Entertainment, Inc.*^

    22,050      839,885

Choice Hotels International, Inc.

    15,500      539,555

Churchill Downs, Inc.

    30      1,125

CKE Restaurants, Inc.

    660      7,306

Darden Restaurants, Inc.

    62,950      2,803,793

Denny’s Corp.*

    2,590      9,946

Gaylord Entertainment Co.*

    30,900      905,061

International Game Technology

    144,360      2,663,442

International Speedway Corp., Class A

    14,900      383,973

Interval Leisure Group, Inc.*

    1,064    $ 15,492

Isle of Capri Casinos, Inc.*

    420      3,268

Jack in the Box, Inc.*

    25,580      602,409

Krispy Kreme Doughnuts, Inc.*

    1,140      4,583

Las Vegas Sands Corp.*

    126,200      2,669,130

Life Time Fitness, Inc.*

    25,100      705,310

Marriott International, Inc., Class A

    132,125      4,164,580

McDonald’s Corp.

    449,440      29,986,637

O’Charleys, Inc.*

    60      536

Panera Bread Co., Class A*

    12,200      933,178

Papa John’s International, Inc.*

    23,600      606,756

Penn National Gaming, Inc.*

    500      13,900

Royal Caribbean Cruises Ltd.*^

    61,750      2,037,132

Ruby Tuesday, Inc.*

    1,320      13,952

Scientific Games Corp., Class A*^

    30,000      422,400

Speedway Motorsports, Inc.

    27,700      432,397

Starbucks Corp.*

    322,550      7,828,289

Starwood Hotels & Resorts Worldwide, Inc.

    86,700      4,043,688

Steak n Shake Co.*

    27      10,294

Town Sports International Holdings, Inc.*

    160      626

Vail Resorts, Inc.*

    16,600      665,494

Wendy’s/Arby’s Group, Inc., Class A

    192,500      962,500

WMS Industries, Inc.*

    19,600      822,024

Wyndham Worldwide Corp.

    80,470      2,070,493

Wynn Resorts Ltd.

    22,100      1,675,843

Yum! Brands, Inc.

    209,840      8,043,167
         
        87,874,298
         
Household Durables (0.6%)      

Blyth, Inc.

    360      11,250

CSS Industries, Inc.

    240      4,824

D.R. Horton, Inc.

    112,300      1,414,980

Ethan Allen Interiors, Inc.

    26,010      536,586

Fortune Brands, Inc.^

    65,850      3,194,384

Garmin Ltd.^

    47,900      1,843,192

Harman International Industries, Inc.*

    26,390      1,234,524

Jarden Corp.

    29,900      995,371

KB Home

    34,750      582,063

Leggett & Platt, Inc.

    69,300      1,499,652

Lennar Corp., Class A

    61,000      1,049,810

M.D.C. Holdings, Inc.

    15,500      536,455

Meritage Homes Corp.*

    35,900      753,900

Mohawk Industries, Inc.*

    25,700      1,397,566

Newell Rubbermaid, Inc.

    124,600      1,893,920

NVR, Inc.*

    2,500      1,816,250

Pulte Group, Inc.*

    134,500      1,513,125

Ryland Group, Inc.

    25,700      576,708

Stanley Black & Decker, Inc.

    69,035      3,963,299

Toll Brothers, Inc.*

    56,300      1,171,040

Tupperware Brands Corp.

    27,600      1,330,872

Whirlpool Corp.^

    33,820      2,950,795
         
        30,270,566
         
Internet & Catalog Retail (0.6%)      

Amazon.com, Inc.*

    140,480      19,067,350

Expedia, Inc.

    91,010      2,271,610

HSN, Inc.*

    924      27,203

Liberty Media Corp. - Interactive, Class A*

    301,830      4,621,017

Netflix, Inc.*

    19,160      1,412,858

Orbitz Worldwide, Inc.*

    470      3,342

Overstock.com, Inc.*^

    600      9,750

priceline.com, Inc.*

    16,180      4,125,900

 

See Notes to Portfolio of Investments.

176

EQ ADVISORS TRUST

EQ/COMMON STOCK INDEX PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Shutterfly, Inc.*

    670    $ 16,140
         
        31,555,170
         
Leisure Equipment & Products (0.1%)      

Callaway Golf Co.^

    41,600      366,912

Hasbro, Inc.

    54,300      2,078,604

JAKKS Pacific, Inc.*

    21,720      283,446

Leapfrog Enterprises, Inc.*

    1,750      11,463

Mattel, Inc.

    154,700      3,517,878

Pool Corp.

    25,400      575,056

RC2 Corp.*

    390      5,838

Steinway Musical Instruments, Inc.*

    140      2,636
         
        6,841,833
         
Media (3.0%)      

Arbitron, Inc.^

    14,700      391,902

Ascent Media Corp., Class A*

    250      6,812

Cablevision Systems Corp. - New York Group, Class A

    100,350      2,422,449

CBS Corp., Class B

    263,520      3,673,469

Central European Media Enterprises Ltd., Class A*

    21,400      627,234

Clear Channel Outdoor Holdings, Inc., Class A*

    92,040      976,544

Comcast Corp., Class A

    1,230,724      23,162,226

DIRECTV, Class A*

    415,846      14,059,753

Discovery Communications, Inc., Class C*

    119,850      3,524,789

DISH Network Corp., Class A

    115,060      2,395,549

Gannett Co., Inc.

    106,620      1,761,362

Global Sources Ltd.*

    523      3,405

Harte-Hanks, Inc.

    1,100      14,146

Interactive Data Corp.

    19,100      611,200

Interpublic Group of Cos., Inc.*

    192,700      1,603,264

Knology, Inc.*

    70      941

Lamar Advertising Co., Class A*

    37,000      1,270,950

Liberty Global, Inc., Class A*^

    151,700      4,423,572

Live Nation Entertainment, Inc.*

    51,860      751,970

Madison Square Garden, Inc., Class A*

    25,087      545,141

McGraw-Hill Cos., Inc.^

    142,430      5,077,629

Mediacom Communications Corp., Class A*

    106,800      635,460

Morningstar, Inc.*

    13,000      625,170

News Corp., Class A

    992,194      14,297,516

Omnicom Group, Inc.

    141,700      5,499,377

Time Warner Cable, Inc.

    154,302      8,225,840

Time Warner, Inc.

    522,026      16,323,753

Viacom, Inc., Class B*

    250,460      8,610,815

Virgin Media, Inc.^

    135,100      2,331,826

Walt Disney Co.

    793,868      27,713,932

Warner Music Group Corp.*^

    138,550      957,380

World Wrestling Entertainment, Inc., Class A

    32,700      565,710
         
        153,091,086
         
Multiline Retail (0.9%)      

Big Lots, Inc.*

    36,400      1,325,688

Dollar Tree, Inc.*

    37,350      2,211,867

Family Dollar Stores, Inc.

    55,850      2,044,668

J.C. Penney Co., Inc.

    106,650      3,430,931

Kohl’s Corp.*

    144,410      7,910,780

Macy’s, Inc.

    203,500      4,430,195

Nordstrom, Inc.

    79,290      3,238,996

Saks, Inc.*

    86,100      740,460

Sears Holdings Corp.*^

    20,900      2,266,187

Target Corp.

    307,260    $ 16,161,876
         
        43,761,648
         
Specialty Retail (2.2%)      

Abercrombie & Fitch Co., Class A^

    36,600      1,670,424

Advance Auto Parts, Inc.

    42,950      1,800,464

AnnTaylor Stores Corp.*^

    55,500      1,148,850

AutoZone, Inc.*

    17,290      2,992,726

Barnes & Noble, Inc.

    24,670      533,365

bebe Stores, Inc.

    62,900      559,810

Bed Bath & Beyond, Inc.*

    118,850      5,200,876

Best Buy Co., Inc.^

    150,210      6,389,933

Borders Group, Inc.*

    1,010      1,737

Buckle, Inc.^

    19,100      702,116

Cabela’s, Inc.*^

    62,700      1,096,623

CarMax, Inc.*^

    100,250      2,518,280

Cato Corp., Class A

    80      1,715

Charming Shoppes, Inc.*

    2,540      13,868

Chico’s FAS, Inc.

    1,350      19,467

Children’s Place Retail Stores, Inc.*

    450      20,048

Christopher & Banks Corp.^

    1,620      12,960

Collective Brands, Inc.*

    34,310      780,209

Dick’s Sporting Goods, Inc.*

    41,500      1,083,565

DSW, Inc., Class A*

    33,940      866,488

Foot Locker, Inc.

    68,400      1,028,736

Gap, Inc.

    215,890      4,989,218

Guess?, Inc.

    29,000      1,362,420

Gymboree Corp.*

    18,980      979,937

hhgregg, Inc.*

    60      1,514

Home Depot, Inc.

    680,160      22,003,176

J. Crew Group, Inc.*^

    29,300      1,344,870

Limited Brands, Inc.

    119,890      2,951,692

Lowe’s Cos., Inc.

    633,840      15,364,282

Men’s Wearhouse, Inc.^

    34,000      813,960

New York & Co., Inc.*

    1,660      7,951

O’Reilly Automotive, Inc.*

    56,950      2,375,385

PetSmart, Inc.

    50,500      1,613,980

RadioShack Corp.

    61,100      1,382,693

Rent-A-Center, Inc.*

    33,110      783,052

Ross Stores, Inc.

    58,880      3,148,314

Sally Beauty Holdings, Inc.*^

    102,890      917,779

Sherwin-Williams Co.

    42,600      2,883,168

Signet Jewelers Ltd.*

    380      12,289

Sonic Automotive, Inc., Class A*

    990      10,890

Stage Stores, Inc.

    1,110      17,083

Staples, Inc.

    311,850      7,294,172

Systemax, Inc.^

    1,000      21,740

Tiffany & Co.

    54,700      2,597,703

TJX Cos., Inc.

    183,900      7,819,428

Tractor Supply Co.^

    15,500      899,775

Urban Outfitters, Inc.*

    49,350      1,876,781

Wet Seal, Inc., Class A*

    3,010      14,328

Williams-Sonoma, Inc.

    52,900      1,390,741

Zumiez, Inc.*

    1,260      25,817
         
        113,346,398
         
Textiles, Apparel & Luxury Goods (0.7%)      

American Apparel, Inc.*

    280      848

Carter’s, Inc.*

    24,680      744,102

Coach, Inc.

    152,220      6,015,734

Crocs, Inc.*

    1,390      12,190

Deckers Outdoor Corp.*

    6,000      828,000

Fossil, Inc.*

    26,200      988,788

Hanesbrands, Inc.*

    42,700      1,187,914

Jones Apparel Group, Inc.

    53,230      1,012,435

K-Swiss, Inc., Class A*

    350      3,661

 

See Notes to Portfolio of Investments.

177

EQ ADVISORS TRUST

EQ/COMMON STOCK INDEX PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Liz Claiborne, Inc.*^

    71,600    $ 531,988

Maidenform Brands, Inc.*

    310      6,774

Movado Group, Inc.*

    280      3,158

NIKE, Inc., Class B

    160,680      11,809,980

Oxford Industries, Inc.

    990      20,127

Perry Ellis International, Inc.*

    700      15,855

Phillips-Van Heusen Corp.

    23,440      1,344,519

Polo Ralph Lauren Corp.

    27,070      2,302,033

Skechers U.S.A., Inc., Class A*

    35,000      1,271,200

Steven Madden Ltd.*

    60      2,928

Timberland Co., Class A*

    36,300      774,642

Under Armour, Inc., Class A*^

    16,400      482,324

Unifi, Inc.*

    2,210      8,044

UniFirst Corp.

    180      9,270

VF Corp.

    38,600      3,093,790

Volcom, Inc.*

    190      3,709

Warnaco Group, Inc.*

    22,800      1,087,788

Wolverine World Wide, Inc.

    21,100      615,276
         
        34,177,077
         

Total Consumer Discretionary

         563,089,121
         

Consumer Staples (10.1%)

      
Beverages (2.1%)      

Brown-Forman Corp., Class B

    44,800      2,663,360

Central European Distribution Corp.*

    17,900      626,679

Coca-Cola Co.

    953,070      52,418,850

Coca-Cola Enterprises, Inc.

    136,200      3,767,292

Dr. Pepper Snapple Group, Inc.

    112,710      3,964,011

Molson Coors Brewing Co., Class B

    49,250      2,071,455

PepsiCo, Inc.

    665,390      44,022,202
         
        109,533,849
         
Food & Staples Retailing (2.4%)      

Andersons, Inc.

    180      6,026

Casey’s General Stores, Inc.

    410      12,874

Costco Wholesale Corp.

    188,050      11,228,465

CVS Caremark Corp.

    586,410      21,439,150

Kroger Co.

    275,510      5,967,547

Pantry, Inc.*

    650      8,119

Ruddick Corp.^

    16,800      531,552

Safeway, Inc.

    191,840      4,769,142

Spartan Stores, Inc.^

    16,400      236,488

Sysco Corp.

    263,150      7,762,925

United Natural Foods, Inc.*

    20,200      568,226

Walgreen Co.

    420,380      15,591,894

Wal-Mart Stores, Inc.

    895,420      49,785,352

Weis Markets, Inc.

    12,700      461,772

Whole Foods Market, Inc.*

    53,500      1,934,025

Winn-Dixie Stores, Inc.*

    28,850      360,337
         
        120,663,894
         
Food Products (1.8%)      

Archer-Daniels-Midland Co.

    282,060      8,151,534

Bunge Ltd.^

    51,980      3,203,527

Cal-Maine Foods, Inc.

    16,800      569,352

Campbell Soup Co.

    92,000      3,252,200

ConAgra Foods, Inc.

    195,850      4,909,960

Corn Products International, Inc.

    30,600      1,060,596

Darling International, Inc.*

    88,070      789,107

Del Monte Foods Co.

    86,610      1,264,506

Flowers Foods, Inc.^

    700      17,318

Fresh Del Monte Produce, Inc.*

    440      8,910

General Mills, Inc.

    141,300      10,002,627

Green Mountain Coffee Roasters, Inc.*

    3,822      370,046

H.J. Heinz Co.

    135,900      6,198,399

Hain Celestial Group, Inc.*

    20,900      362,615

Hershey Co.

    66,050    $ 2,827,601

J&J Snack Foods Corp.

    13,990      608,145

J.M. Smucker Co.

    52,627      3,171,303

Kellogg Co.

    106,800      5,706,324

Kraft Foods, Inc., Class A

    705,210      21,325,550

Lancaster Colony Corp.

    14,100      831,336

Lance, Inc.

    21,600      499,608

McCormick & Co., Inc. (Non-Voting)

    48,950      1,877,722

Mead Johnson Nutrition Co., Class A

    81,200      4,224,836

Ralcorp Holdings, Inc.*

    23,000      1,558,940

Sara Lee Corp.

    308,450      4,296,709

Synutra International, Inc.*^

    39,100      884,051

Tootsie Roll Industries, Inc.

    18,068      488,385

TreeHouse Foods, Inc.*^

    15,900      697,533

Tyson Foods, Inc., Class A

    179,100      3,429,765
         
        92,588,505
         
Household Products (2.2%)      

Church & Dwight Co., Inc.

    28,950      1,938,202

Clorox Co.

    58,750      3,768,225

Colgate-Palmolive Co.

    216,910      18,493,747

Energizer Holdings, Inc.*

    25,850      1,622,346

Kimberly-Clark Corp.

    176,800      11,117,184

Procter & Gamble Co.

    1,173,980      74,277,715
         
        111,217,419
         
Personal Products (0.2%)      

Alberto-Culver Co.

    600      15,690

Avon Products, Inc.

    198,350      6,718,114

Elizabeth Arden, Inc.*

    430      7,740

Estee Lauder Cos., Inc., Class A

    41,950      2,721,297

Inter Parfums, Inc.

    410      6,076

NBTY, Inc.*

    550      26,389

Prestige Brands Holdings, Inc.*

    130      1,170
         
        9,496,476
         
Tobacco (1.4%)      

Altria Group, Inc.

    837,390      17,183,243

Lorillard, Inc.

    75,050      5,646,762

Philip Morris International, Inc.

    811,530      42,329,404

Reynolds American, Inc.

    74,700      4,032,306
         
        69,191,715
         

Total Consumer Staples

         512,691,858
         

Energy (10.2%)

      
Energy Equipment & Services (1.8%)      

Allis-Chalmers Energy, Inc.*

    1,490      5,275

Atwood Oceanics, Inc.*

    25,000      865,750

Baker Hughes, Inc.^

    140,960      6,602,566

Basic Energy Services, Inc.*

    1,750      13,492

BJ Services Co.

    128,200      2,743,480

Bristow Group, Inc.*^

    18,000      679,140

Cal Dive International, Inc.*

    60,000      439,800

Cameron International Corp.*

    100,750      4,318,145

Complete Production Services, Inc.*

    44,480      513,744

Diamond Offshore Drilling, Inc.^

    30,510      2,709,593

Dresser-Rand Group, Inc.*

    37,500      1,178,250

ENGlobal Corp.*

    840      2,327

FMC Technologies, Inc.*

    61,300      3,961,819

Gulfmark Offshore, Inc., Class A*

    13,500      358,425

Halliburton Co.

    384,230      11,576,850

Helix Energy Solutions Group, Inc.*

    44,290      577,099

Helmerich & Payne, Inc.^

    47,400      1,804,992

Hercules Offshore, Inc.*

    350      1,509

ION Geophysical Corp.*^

    93,100      458,052

Key Energy Services, Inc.*

    79,290      757,219

Lufkin Industries, Inc.

    8,920      706,018

 

See Notes to Portfolio of Investments.

178

EQ ADVISORS TRUST

EQ/COMMON STOCK INDEX PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Nabors Industries Ltd.*

    118,390    $ 2,323,996

National Oilwell Varco, Inc.

    187,280      7,599,822

Patterson-UTI Energy, Inc.

    63,600      888,492

Pride International, Inc.*

    75,720      2,279,929

Schlumberger Ltd.

    479,820      30,449,377

Seahawk Drilling, Inc.*

    5,047      95,136

Smith International, Inc.

    96,950      4,151,399

Superior Energy Services, Inc.*

    630      13,243

T-3 Energy Services, Inc.*

    720      17,683

TETRA Technologies, Inc.*

    1,460      17,841

Unit Corp.*

    20,200      854,056

Willbros Group, Inc.*

    44,500      534,445
         
        89,498,964
         
Oil, Gas & Consumable Fuels (8.4%)      

Alpha Natural Resources, Inc.*

    49,067      2,447,953

Anadarko Petroleum Corp.

    205,180      14,943,259

Apache Corp.

    142,080      14,421,120

Apco Oil and Gas International, Inc.^

    16,300      441,078

Arch Coal, Inc.

    68,500      1,565,225

Arena Resources, Inc.*

    16,400      547,760

Atlas Energy, Inc.*

    20,100      625,512

Berry Petroleum Co., Class A^

    23,500      661,760

Bill Barrett Corp.*

    20,430      627,405

BPZ Resources, Inc.*^

    56,300      413,805

Cabot Oil & Gas Corp.

    45,100      1,659,680

Carrizo Oil & Gas, Inc.*^

    19,100      438,345

Chesapeake Energy Corp.

    253,610      5,995,340

Chevron Corp.

    803,900      60,959,737

Cimarex Energy Co.

    35,160      2,087,801

Clayton Williams Energy, Inc.*

    8,800      307,824

Concho Resources, Inc.*

    30,800      1,551,088

ConocoPhillips

    609,950      31,211,141

Consol Energy, Inc.

    80,350      3,427,731

Contango Oil & Gas Co.*

    8,880      454,212

CVR Energy, Inc.*

    50      438

Delek U.S. Holdings, Inc.

    1,230      8,954

Denbury Resources, Inc.*

    168,659      2,845,277

Devon Energy Corp.

    192,630      12,411,151

El Paso Corp.

    303,250      3,287,230

EOG Resources, Inc.

    105,700      9,823,758

Exxon Mobil Corp.#

    1,956,810      131,067,134

Frontier Oil Corp.

    45,970      620,595

Frontline Ltd.^

    18,100      554,403

General Maritime Corp.

    558      4,012

GMX Resources, Inc.*^

    11,700      96,174

Hess Corp.

    127,520      7,976,376

Holly Corp.^

    23,200      647,512

International Coal Group, Inc.*

    148,900      680,473

Knightsbridge Tankers Ltd.

    110      1,863

Marathon Oil Corp.

    317,490      10,045,384

Mariner Energy, Inc.*

    39,510      591,465

Massey Energy Co.

    34,900      1,824,921

Murphy Oil Corp.

    85,320      4,794,131

Newfield Exploration Co.*

    58,150      3,026,708

Noble Energy, Inc.

    71,230      5,199,790

Nordic American Tanker Shipping Ltd.

    14,600      441,942

Occidental Petroleum Corp.

    339,560      28,706,402

Overseas Shipholding Group, Inc.^

    11,700      458,991

Patriot Coal Corp.*

    34,900      714,054

Peabody Energy Corp.

    114,700      5,241,790

Penn Virginia Corp.

    18,700      458,150

Petrohawk Energy Corp.*

    107,500      2,180,100

PetroQuest Energy, Inc.*

    420      2,113

Pioneer Natural Resources Co.^

    51,850      2,920,192

Plains Exploration & Production Co.*

    51,850    $ 1,554,982

Quicksilver Resources, Inc.*

    44,800      630,336

Range Resources Corp.^

    65,750      3,081,702

SandRidge Energy, Inc.*^

    43,900      338,030

Southern Union Co.^

    49,900      1,265,963

Southwestern Energy Co.*

    147,750      6,016,380

Spectra Energy Corp.^

    280,900      6,328,677

St. Mary Land & Exploration Co.

    25,800      898,098

Stone Energy Corp.*

    18,200      323,050

Swift Energy Co.*

    16,320      501,677

Teekay Corp.

    26,100      593,514

Tesoro Corp.^

    55,810      775,759

Valero Energy Corp.

    223,430      4,401,571

W&T Offshore, Inc.

    1,110      9,324

Western Refining, Inc.*^

    50,200      276,100

Whiting Petroleum Corp.*

    18,300      1,479,372

Williams Cos., Inc.

    261,600      6,042,960

World Fuel Services Corp.^

    27,400      729,936

XTO Energy, Inc.

    241,150      11,377,457
         
        428,044,147
         

Total Energy

         517,543,111
         

Financials (16.0%)

      
Capital Markets (2.7%)      

Affiliated Managers Group, Inc.*^

    19,440      1,535,760

American Capital Ltd.*

    71,305      362,229

Ameriprise Financial, Inc.

    109,360      4,960,570

Apollo Investment Corp.

    63,900      813,447

Ares Capital Corp.^

    70,900      1,052,156

Bank of New York Mellon Corp.

    515,850      15,929,448

BGC Partners, Inc., Class A

    300      1,833

BlackRock, Inc.

    13,110      2,854,834

Charles Schwab Corp.

    413,934      7,736,426

Cohen & Steers, Inc.

    33,000      823,680

E*TRADE Financial Corp.*

    247,100      407,715

Eaton Vance Corp.

    46,940      1,574,368

Federated Investors, Inc., Class B^

    36,800      970,784

Franklin Resources, Inc.

    73,630      8,165,567

GAMCO Investors, Inc., Class A

    13,460      612,430

GFI Group, Inc.

    620      3,584

GLG Partners, Inc.*^

    149,700      459,579

Goldman Sachs Group, Inc.

    207,300      35,371,599

Greenhill & Co., Inc.

    7,800      640,302

Invesco Ltd.

    180,800      3,961,328

KBW, Inc.*

    18,300      492,270

Knight Capital Group, Inc., Class A*

    1,310      19,978

LaBranche & Co., Inc.*

    4,530      23,828

Lazard Ltd., Class A

    34,700      1,238,790

Legg Mason, Inc.^

    57,050      1,635,623

MF Global Holdings Ltd.*

    820      6,617

Morgan Stanley

    578,373      16,940,545

Northern Trust Corp.

    102,150      5,644,809

Penson Worldwide, Inc.*

    740      7,452

Piper Jaffray Cos., Inc.*

    12,500      503,750

Raymond James Financial, Inc.^

    57,000      1,524,180

Riskmetrics Group, Inc.*

    32,100      725,781

SEI Investments Co.

    59,650      1,310,510

State Street Corp.

    213,250      9,626,105

Stifel Financial Corp.*

    11,200      602,000

SWS Group, Inc.

    1,820      20,985

T. Rowe Price Group, Inc.

    119,580      6,568,529

TD Ameritrade Holding Corp.*

    128,336      2,446,084

Thomas Weisel Partners Group, Inc.*

    90      353

Virtus Investment Partners, Inc.*

    91      1,896

 

See Notes to Portfolio of Investments.

179

EQ ADVISORS TRUST

EQ/COMMON STOCK INDEX PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Waddell & Reed Financial, Inc., Class A

    51,220    $ 1,845,969
         
        139,423,693
         
Commercial Banks (3.2%)      

Associated Banc-Corp^

    1,100      15,180

BancFirst Corp.^

    8,900      372,999

BancorpSouth, Inc.^

    59,550      1,248,168

Bank of Hawaii Corp.

    20,900      939,455

Bank of the Ozarks, Inc.^

    13,600      478,584

BB&T Corp.

    279,750      9,061,103

BOK Financial Corp.^

    9,750      511,290

Boston Private Financial Holdings, Inc.^

    58,230      429,155

Capital City Bank Group, Inc.

    15,400      219,450

CapitalSource, Inc.

    100,680      562,801

Cathay General Bancorp

    21,630      251,989

Central Pacific Financial Corp.*^

    2,110      3,545

Chemical Financial Corp.^

    15,800      373,196

City Holding Co.^

    11,030      378,219

City National Corp./California^

    400      21,588

CoBiz Financial, Inc.

    190      1,184

Columbia Banking System, Inc.

    360      7,312

Comerica, Inc.

    66,600      2,533,464

Commerce Bancshares, Inc./Missouri

    26,197      1,077,745

Community Bank System, Inc.^

    17,900      407,762

Community Trust Bancorp, Inc.^

    13,600      368,424

Cullen/Frost Bankers, Inc.

    24,500      1,367,100

CVB Financial Corp.^

    35,000      347,550

East West Bancorp, Inc.

    26,400      459,888

F.N.B. Corp./Pennsylvania^

    38,100      308,991

Fifth Third Bancorp

    338,450      4,599,535

First BanCorp/Puerto Rico^

    42,400      102,184

First Busey Corp.

    24,100      106,522

First Citizens BancShares, Inc./North Carolina, Class A

    2,800      556,528

First Commonwealth Financial Corp.

    38,600      259,006

First Financial Bancorp

    32,400      576,396

First Financial Bankshares, Inc.^

    9,000      463,950

First Financial Corp./Indiana^

    10,700      309,872

First Horizon National Corp.*

    99,934      1,404,076

First Midwest Bancorp, Inc./Illinois

    20,700      280,485

FirstMerit Corp.

    34,795      750,528

Glacier Bancorp, Inc.^

    24,600      374,658

Guaranty Bancorp*

    320      509

Hancock Holding Co.^

    11,100      464,091

Harleysville National Corp.

    32,100      215,070

Huntington Bancshares, Inc./Ohio

    169,600      910,752

IBERIABANK Corp.

    8,400      504,084

Independent Bank Corp./Massachusetts^

    16,700      411,822

International Bancshares Corp.

    22,010      506,010

Investors Bancorp, Inc.*

    30,300      399,960

KeyCorp

    339,300      2,629,575

M&T Bank Corp.^

    29,699      2,357,507

MainSource Financial Group, Inc.

    240      1,615

Marshall & Ilsley Corp.

    170,900      1,375,745

MB Financial, Inc.^

    15,900      358,227

NBT Bancorp, Inc.^

    16,500      377,025

Old National Bancorp/Indiana

    28,300      338,185

Old Second Bancorp, Inc.

    10      66

Pacific Capital Bancorp N.A.*^

    27,780      50,282

PacWest Bancorp^

    15,730      358,959

Park National Corp.^

    6,500      405,015

Pinnacle Financial Partners, Inc.*^

    15,700      237,227

PNC Financial Services Group, Inc.

    208,218      12,430,615

Popular, Inc.*

    123,100    $ 358,221

PrivateBancorp, Inc.

    12,900      176,730

Prosperity Bancshares, Inc.

    15,900      651,900

Regions Financial Corp.^

    498,900      3,916,365

Republic Bancorp, Inc./Kentucky, Class A^

    18,900      356,076

S&T Bancorp, Inc.^

    13,000      271,700

Sandy Spring Bancorp, Inc.

    10      150

Santander BanCorp*

    200      2,454

Signature Bank/New York*

    14,900      552,045

Simmons First National Corp., Class A

    30      827

Sterling Bancorp/New York

    90      904

SunTrust Banks, Inc.^

    212,250      5,686,177

Susquehanna Bancshares, Inc.^

    35,400      347,274

SVB Financial Group*^

    13,400      625,244

Synovus Financial Corp.^

    133,000      437,570

TCF Financial Corp.^

    56,950      907,783

Texas Capital Bancshares, Inc.*

    25,300      480,447

Tompkins Financial Corp.^

    9,239      337,039

TowneBank/Virginia^

    19,300      269,428

Trico Bancshares

    50      995

Trustmark Corp.^

    23,350      570,440

U.S. Bancorp

    760,990      19,694,421

UMB Financial Corp.

    13,250      537,950

Umpqua Holdings Corp.

    27,590      365,843

United Bankshares, Inc.^

    15,700      411,654

United Community Banks, Inc./Georgia*

    36,021      158,853

Valley National Bancorp

    62,050      953,708

Webster Financial Corp.^

    25,700      449,493

Wells Fargo & Co.^

    2,116,219      65,856,735

WesBanco, Inc.

    16,900      274,794

Westamerica Bancorp

    12,600      726,390

Western Alliance Bancorp*^

    35,020      199,264

Whitney Holding Corp./Louisiana

    27,570      380,190

Wilmington Trust Corp.^

    28,400      470,588

Wintrust Financial Corp.^

    17,700      658,617

Zions Bancorp.^

    51,100      1,115,002
         
        164,065,494
         
Consumer Finance (0.7%)      

American Express Co.

    406,856      16,786,879

AmeriCredit Corp.*

    78,670      1,869,199

Capital One Financial Corp.^

    194,370      8,048,862

Cash America International, Inc.

    14,600      576,408

Credit Acceptance Corp.*

    28,800      1,187,712

Discover Financial Services

    236,170      3,518,933

Dollar Financial Corp.*

    540      12,992

EZCORP, Inc., Class A*

    26,400      543,840

First Cash Financial Services, Inc.*

    350      7,549

Nelnet, Inc., Class A

    1,130      20,973

SLM Corp.*^

    189,684      2,374,844

Student Loan Corp.

    90      3,198
         
        34,951,389
         
Diversified Financial Services (3.9%)      

Bank of America Corp.

    4,028,782      71,913,759

Citigroup, Inc.*

    7,668,722      31,058,324

CME Group, Inc.

    29,633      9,367,288

Encore Capital Group, Inc.*

    210      3,454

Interactive Brokers Group, Inc., Class A*

    22,340      360,791

IntercontinentalExchange, Inc.*^

    32,350      3,629,023

JPMorgan Chase & Co.

    1,599,225      71,565,319

Leucadia National Corp.*

    88,450      2,194,445

 

See Notes to Portfolio of Investments.

180

EQ ADVISORS TRUST

EQ/COMMON STOCK INDEX PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Life Partners Holdings, Inc.

    60    $ 1,330

MarketAxess Holdings, Inc.

    60      944

Moody’s Corp.^

    91,750      2,729,562

MSCI, Inc., Class A*

    30,550      1,102,855

NASDAQ OMX Group, Inc.*

    59,000      1,246,080

NYSE Euronext

    110,650      3,276,347

PHH Corp.*

    860      20,270

PICO Holdings, Inc.*

    60      2,231
         
        198,472,022
         
Insurance (3.0%)      

Aflac, Inc.

    209,250      11,360,183

Allied World Assurance Co. Holdings Ltd./Bermuda

    380      17,043

Allstate Corp.

    241,740      7,810,619

American Equity Investment Life Holding Co.

    2,100      22,365

American Financial Group, Inc./Ohio

    33,330      948,239

American International Group, Inc.*^

    45,636      1,558,013

American National Insurance Co.

    6,620      751,635

American Physicians Capital, Inc.

    146      4,665

AMERISAFE, Inc.*

    840      13,751

Amtrust Financial Services, Inc.

    44,760      624,402

Aon Corp.

    117,000      4,997,070

Arch Capital Group Ltd.*

    18,700      1,425,875

Argo Group International Holdings Ltd.

    13,329      434,392

Arthur J. Gallagher & Co.^

    39,500      969,725

Aspen Insurance Holdings Ltd.

    570      16,439

Assurant, Inc.

    48,100      1,653,678

Assured Guaranty Ltd.

    47,400      1,041,378

Axis Capital Holdings Ltd.

    64,970      2,030,962

Brown & Brown, Inc.^

    49,800      892,416

Chubb Corp.

    158,860      8,236,891

Cincinnati Financial Corp.

    65,020      1,879,078

CNA Financial Corp.*^

    30,260      808,547

CNA Surety Corp.*

    28,900      514,131

Delphi Financial Group, Inc., Class A

    690      17,360

EMC Insurance Group, Inc.

    30      676

Employers Holdings, Inc.

    31,180      463,023

Endurance Specialty Holdings Ltd.

    24,000      891,600

Enstar Group, Ltd.*

    6,500      449,540

Erie Indemnity Co., Class A

    13,200      569,316

Everest Reinsurance Group Ltd.

    27,700      2,241,761

FBL Financial Group, Inc., Class A

    190      4,651

Flagstone Reinsurance Holdings Ltd.

    40,000      458,400

FPIC Insurance Group, Inc.*

    405      10,980

Genworth Financial, Inc., Class A*

    183,700      3,369,058

Hanover Insurance Group, Inc.

    22,290      972,067

Harleysville Group, Inc.^

    13,310      449,346

Hartford Financial Services Group, Inc.

    172,910      4,914,102

HCC Insurance Holdings, Inc.

    52,780      1,456,728

Hilltop Holdings, Inc.*

    47,080      553,190

Infinity Property & Casualty Corp.

    10,500      477,120

Lincoln National Corp.

    131,550      4,038,585

Loews Corp.

    138,992      5,181,622

Maiden Holdings Ltd.

    60      443

Marsh & McLennan Cos., Inc.

    227,150      5,547,003

Max Capital Group Ltd.

    26,900      618,431

Mercury General Corp.

    11,300      494,036

MetLife, Inc.

    248,960      10,789,926

Montpelier Reinsurance Holdings Ltd.

    39,680      667,021

National Interstate Corp.

    10      207

National Western Life Insurance Co., Class A

    2,100    $ 387,135

Navigators Group, Inc.*

    8,380      329,585

Old Republic International Corp.

    98,880      1,253,798

OneBeacon Insurance Group Ltd., Class A^

    38,870      670,507

PartnerReinsurance Ltd.

    33,260      2,651,487

Phoenix Cos., Inc.*^

    84,810      205,240

Platinum Underwriters Holdings Ltd.

    21,680      803,894

PMA Capital Corp., Class A*

    390      2,395

Presidential Life Corp.

    250      2,492

Principal Financial Group, Inc.

    132,400      3,867,404

ProAssurance Corp.*

    13,700      801,998

Progressive Corp.

    287,100      5,480,739

Protective Life Corp.

    44,800      985,152

Prudential Financial, Inc.

    193,431      11,702,576

Reinsurance Group of America, Inc.

    26,010      1,366,045

RenaissanceReinsurance Holdings Ltd.^

    26,200      1,487,112

RLI Corp.^

    8,140      464,143

Safety Insurance Group, Inc.

    11,300      425,671

Selective Insurance Group, Inc.

    23,400      388,440

StanCorp Financial Group, Inc.

    22,680      1,080,248

State Auto Financial Corp.

    270      4,847

Stewart Information Services Corp.

    250      3,450

Torchmark Corp.

    38,680      2,069,767

Transatlantic Holdings, Inc.

    11,300      596,640

Travelers Cos., Inc.

    227,570      12,275,126

United America Indemnity Ltd., Class A*

    361      3,455

United Fire & Casualty Co.

    18,570      334,074

Unitrin, Inc.

    21,400      600,270

Unum Group

    157,900      3,911,183

Validus Holdings Ltd.

    48,618      1,338,454

Wesco Financial Corp.

    1,400      539,700

White Mountains Insurance Group Ltd.

    3,900      1,384,500

XL Capital Ltd., Class A

    156,470      2,957,283

Zenith National Insurance Corp.

    15,600      597,792
         
        153,620,291
         
Real Estate Investment Trusts (REITs) (2.1%)      

Acadia Realty Trust (REIT)^

    30,325      541,605

Alexander’s, Inc. (REIT)*^

    1,300      388,869

Alexandria Real Estate Equities, Inc. (REIT)

    14,880      1,005,888

AMB Property Corp. (REIT)

    48,910      1,332,308

American Campus Communities, Inc. (REIT)

    19,200      531,072

Annaly Capital Management, Inc. (REIT)

    229,258      3,938,652

Apartment Investment & Management Co. (REIT), Class A

    43,188      795,091

AvalonBay Communities, Inc. (REIT)^

    35,749      3,086,926

BioMed Realty Trust, Inc. (REIT)

    35,200      582,208

Boston Properties, Inc. (REIT)

    55,170      4,162,025

Brandywine Realty Trust (REIT)

    51,000      622,710

BRE Properties, Inc. (REIT)

    60      2,145

Camden Property Trust (REIT)

    44,880      1,868,354

Capstead Mortgage Corp. (REIT)

    41,700      498,732

CBL & Associates Properties, Inc. (REIT)

    77,091      1,056,147

Corporate Office Properties Trust/Maryland (REIT)

    21,109      847,104

Cousins Properties, Inc. (REIT)

    34,506      286,745

 

See Notes to Portfolio of Investments.

181

EQ ADVISORS TRUST

EQ/COMMON STOCK INDEX PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

DCT Industrial Trust, Inc. (REIT)

    91,400    $ 478,022

Developers Diversified Realty Corp. (REIT)^

    84,708      1,030,896

Digital Realty Trust, Inc. (REIT)^

    33,589      1,820,524

Douglas Emmett, Inc. (REIT)^

    53,300      819,221

EastGroup Properties, Inc. (REIT)

    12,100      456,654

Entertainment Properties Trust (REIT)^

    14,840      610,369

Equity Lifestyle Properties, Inc. (REIT)

    10,900      587,292

Equity One, Inc. (REIT)

    31,300      591,257

Equity Residential (REIT)

    122,887      4,811,026

Essex Property Trust, Inc. (REIT)^

    11,300      1,016,435

Federal Realty Investment Trust (REIT)

    27,780      2,022,662

Franklin Street Properties Corp. (REIT)^

    41,600      600,288

Hatteras Financial Corp. (REIT)^

    18,700      481,899

HCP, Inc. (REIT)

    123,597      4,078,701

Health Care REIT, Inc. (REIT)^

    48,317      2,185,378

Healthcare Realty Trust, Inc. (REIT)

    28,300      659,107

Highwoods Properties, Inc. (REIT)

    29,530      936,987

Home Properties, Inc. (REIT)^

    13,610      636,948

Hospitality Properties Trust (REIT)

    43,400      1,039,430

Host Hotels & Resorts, Inc. (REIT)^

    248,713      3,643,645

HRPT Properties Trust (REIT)

    132,000      1,026,960

Inland Real Estate Corp. (REIT)

    39,600      362,340

Investors Real Estate Trust (REIT)^

    42,400      382,448

Kilroy Realty Corp. (REIT)^

    14,700      453,348

Kimco Realty Corp. (REIT)

    162,122      2,535,588

LaSalle Hotel Properties (REIT)

    37,300      869,090

Lexington Realty Trust (REIT)

    69,728      453,929

Liberty Property Trust (REIT)

    43,552      1,478,155

LTC Properties, Inc. (REIT)

    20,600      557,436

Macerich Co. (REIT)

    42,284      1,619,900

Mack-Cali Realty Corp. (REIT)

    31,539      1,111,750

MFA Financial, Inc. (REIT)

    87,250      642,160

National Health Investors, Inc. (REIT)^

    14,680      568,997

National Retail Properties, Inc. (REIT)^

    38,290      874,161

Nationwide Health Properties, Inc. (REIT)

    47,714      1,677,147

Omega Healthcare Investors, Inc. (REIT)

    240      4,678

Plum Creek Timber Co., Inc. (REIT)^

    76,314      2,969,378

Post Properties, Inc. (REIT)

    27,600      607,752

Potlatch Corp. (REIT)

    18,640      653,146

ProLogis (REIT)^

    191,206      2,523,919

PS Business Parks, Inc. (REIT)

    9,900      528,660

Public Storage (REIT)

    57,202      5,262,012

Rayonier, Inc. (REIT)

    34,350      1,560,521

Realty Income Corp. (REIT)^

    45,831      1,406,553

Regency Centers Corp. (REIT)

    31,486      1,179,780

Saul Centers, Inc. (REIT)

    11,800      488,520

Senior Housing Properties Trust (REIT)

    54,290      1,202,524

Simon Property Group, Inc. (REIT)^

    96,559      8,101,300

SL Green Realty Corp. (REIT)^

    35,100      2,010,177

Sovran Self Storage, Inc. (REIT)^

    14,800      515,928

Tanger Factory Outlet Centers (REIT)

    14,750      636,610

Taubman Centers, Inc. (REIT)

    500      19,960

UDR, Inc. (REIT)

    64,036      1,129,595

Ventas, Inc. (REIT)

    74,104      3,518,458

Vornado Realty Trust (REIT)^

    63,847    $ 4,833,218

Walter Investment Management Corp. (REIT)

    8,947      143,152

Washington Real Estate Investment Trust (REIT)^

    24,370      744,503

Weingarten Realty Investors (REIT)^

    36,986      797,418
         
        105,504,493
         
Real Estate Management & Development (0.1%)      

Avatar Holdings, Inc.*

    70      1,522

CB Richard Ellis Group, Inc., Class A*

    108,150      1,714,177

Forest City Enterprises, Inc., Class A*^

    50,700      730,587

Forestar Group, Inc.*

    60      1,133

Jones Lang LaSalle, Inc.

    16,500      1,202,685

St. Joe Co.*^

    40,442      1,308,299
         
        4,958,403
         
Thrifts & Mortgage Finance (0.3%)      

Astoria Financial Corp.

    37,100      537,950

Bank Mutual Corp.

    38,400      249,600

Beneficial Mutual Bancorp, Inc.*^

    36,500      346,020

Brookline Bancorp, Inc.

    37,000      393,680

Dime Community Bancshares, Inc.

    27,100      342,273

Doral Financial Corp.*^

    57,000      245,670

First Niagara Financial Group, Inc.

    154,200      2,192,724

Hudson City Bancorp, Inc.^

    219,590      3,109,394

Kearny Financial Corp.^

    36,700      382,781

New York Community Bancorp, Inc.^

    140,650      2,326,351

NewAlliance Bancshares, Inc.

    1,150      14,513

Northwest Bancshares, Inc.

    38,475      451,697

OceanFirst Financial Corp.

    40      454

Ocwen Financial Corp.*^

    1,700      18,853

Oritani Financial Corp.^

    24,900      400,143

People’s United Financial, Inc.

    134,800      2,108,272

PMI Group, Inc.*

    790      4,282

Provident Financial Services, Inc.

    27,500      327,250

TFS Financial Corp.

    1,200      16,020

Tree.com, Inc.*

    100      915

TrustCo Bank Corp. NY/New York^

    38,400      236,928
         
        13,705,770
         

Total Financials

         814,701,555
         

Health Care (12.5%)

      
Biotechnology (1.8%)      

Abraxis Bioscience, Inc.*

    6,700      346,725

Acorda Therapeutics, Inc.*^

    22,400      766,080

Alexion Pharmaceuticals, Inc.*

    32,500      1,767,025

Alkermes, Inc.*

    52,400      679,628

Alnylam Pharmaceuticals, Inc.*

    15,400      262,108

Amgen, Inc.*

    413,740      24,725,102

Amylin Pharmaceuticals, Inc.*^

    61,100      1,374,139

Biogen Idec, Inc.*

    120,760      6,926,794

BioMarin Pharmaceutical, Inc.*^

    44,600      1,042,302

Celera Corp.*

    33,600      238,560

Celgene Corp.*

    192,000      11,896,320

Cephalon, Inc.*^

    28,150      1,908,007

Cepheid, Inc.*^

    29,600      517,408

Cubist Pharmaceuticals, Inc.*

    23,500      529,690

Dendreon Corp.*

    50,250      1,832,618

Emergent Biosolutions, Inc.*

    20,900      350,911

Enzon Pharmaceuticals, Inc.*

    520      5,294

Facet Biotech Corp.*

    10,330      278,807

Genomic Health, Inc.*^

    20,600      362,354

Genzyme Corp.*

    113,550      5,885,297

Gilead Sciences, Inc.*

    370,400      16,845,792

 

See Notes to Portfolio of Investments.

182

EQ ADVISORS TRUST

EQ/COMMON STOCK INDEX PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

GTx, Inc.*

    25,400    $ 84,836

Human Genome Sciences, Inc.*

    67,800      2,047,560

InterMune, Inc.*

    36,200      1,613,434

Isis Pharmaceuticals, Inc.*^

    37,500      409,500

Martek Biosciences Corp.*^

    15,450      347,779

Myriad Genetics, Inc.*

    39,050      939,152

Myriad Pharmaceuticals, Inc.*

    9,762      44,124

Onyx Pharmaceuticals, Inc.*

    23,500      711,580

OSI Pharmaceuticals, Inc.*

    25,000      1,488,750

Osiris Therapeutics, Inc.*

    23,300      172,420

Regeneron Pharmaceuticals, Inc.*

    700      18,543

Seattle Genetics, Inc.*

    41,000      489,540

United Therapeutics Corp.*

    18,700      1,034,671

Vertex Pharmaceuticals, Inc.*

    64,600      2,640,202
         
        90,583,052
         
Health Care Equipment & Supplies (2.3%)      

ABIOMED, Inc.*^

    28,300      292,339

Align Technology, Inc.*

    61,200      1,183,608

American Medical Systems Holdings, Inc.*

    38,800      720,904

Analogic Corp.

    10,710      457,638

Baxter International, Inc.

    249,080      14,496,456

Beckman Coulter, Inc.

    27,500      1,727,000

Becton, Dickinson and Co.

    106,140      8,356,402

Boston Scientific Corp.*

    680,600      4,913,932

C.R. Bard, Inc.

    42,680      3,696,942

CareFusion Corp.*

    76,000      2,008,680

CONMED Corp.*

    16,400      390,484

Cooper Cos., Inc.

    27,100      1,053,648

CryoLife, Inc.*

    650      4,205

DENTSPLY International, Inc.

    63,200      2,202,520

Edwards Lifesciences Corp.*

    22,750      2,249,520

ev3, Inc.*

    73,000      1,157,780

Exactech, Inc.*

    240      5,033

Gen-Probe, Inc.*

    24,050      1,202,500

Greatbatch, Inc.*

    16,300      345,397

Haemonetics Corp.*

    10,900      622,935

Hill-Rom Holdings, Inc.

    25,930      705,555

Hologic, Inc.*

    109,600      2,031,984

Hospira, Inc.*

    68,150      3,860,697

ICU Medical, Inc.*

    12,600      434,070

IDEXX Laboratories, Inc.*

    300      17,265

Immucor, Inc.*

    30,700      687,373

Integra LifeSciences Holdings Corp.*

    12,400      543,492

Intuitive Surgical, Inc.*

    17,500      6,092,275

Invacare Corp.^

    24,960      662,438

Inverness Medical Innovations, Inc.*^

    33,150      1,291,193

Kensey Nash Corp.*

    290      6,841

Kinetic Concepts, Inc.*

    25,080      1,199,075

Masimo Corp.

    19,800      525,690

Medtronic, Inc.

    458,740      20,657,062

Meridian Bioscience, Inc.^

    17,700      360,549

Merit Medical Systems, Inc.*

    25,300      385,825

Natus Medical, Inc.*

    590      9,387

NuVasive, Inc.*^

    15,950      720,940

Palomar Medical Technologies, Inc.*

    10      109

Quidel Corp.*^

    26,740      388,800

ResMed, Inc.*^

    33,150      2,109,997

Sirona Dental Systems, Inc.*

    27,890      1,060,657

Somanetics Corp.*

    440      8,422

St. Jude Medical, Inc.*

    146,200      6,001,510

STERIS Corp.

    25,760      867,082

Stryker Corp.

    133,970      7,665,763

Symmetry Medical, Inc.*

    30,100      302,204

Thoratec Corp.*

    23,300      779,385

Varian Medical Systems, Inc.*^

    53,510    $ 2,960,708

Volcano Corp.*^

    24,500      591,920

West Pharmaceutical Services, Inc.^ .

    14,200      595,690

Zimmer Holdings, Inc.*

    105,600      6,251,520

Zoll Medical Corp.*^

    18,500      487,660
         
        117,351,061
         
Health Care Providers & Services (2.4%)      

Aetna, Inc.

    213,880      7,509,327

Amedisys, Inc.*^

    10,800      596,376

AMERIGROUP Corp.*^

    23,790      790,780

AmerisourceBergen Corp.

    139,200      4,025,664

AMN Healthcare Services, Inc.*

    780      6,864

Amsurg Corp.*

    18,000      388,620

Cardinal Health, Inc.

    152,000      5,476,560

CardioNet, Inc.*^

    18,600      142,290

Catalyst Health Solutions, Inc.*

    19,500      806,910

Centene Corp.*

    24,110      579,604

Chemed Corp.

    9,900      538,362

CIGNA Corp.

    131,840      4,822,707

Corvel Corp.*

    90      3,217

Coventry Health Care, Inc.*

    61,100      1,510,392

Cross Country Healthcare, Inc.*

    40      404

DaVita, Inc.*

    43,500      2,757,900

Express Scripts, Inc.*

    107,100      10,898,496

Genoptix, Inc.*^

    10,700      379,743

Gentiva Health Services, Inc.*^

    16,960      479,629

Hanger Orthopedic Group, Inc.*

    210      3,818

Health Net, Inc.*

    49,340      1,227,086

HealthSouth Corp.*^

    39,300      734,910

Healthspring, Inc.*

    26,220      461,472

Healthways, Inc.*

    1,470      23,623

Henry Schein, Inc.*^

    38,350      2,258,815

HMS Holdings Corp.*

    16,500      841,335

Humana, Inc.*

    73,700      3,446,949

Laboratory Corp. of America Holdings*^

    47,450      3,592,440

Landauer, Inc.

    7,900      515,238

LHC Group, Inc.*^

    12,800      429,184

LifePoint Hospitals, Inc.*

    22,950      844,101

Lincare Holdings, Inc.*

    32,110      1,441,097

Magellan Health Services, Inc.*

    16,900      734,812

McKesson Corp.

    122,580      8,055,958

MedCath Corp.*

    470      4,921

Medco Health Solutions, Inc.*

    196,500      12,686,040

MEDNAX, Inc.*

    19,720      1,147,507

Molina Healthcare, Inc.*^

    18,950      476,972

MWI Veterinary Supply, Inc.*

    100      4,040

National Healthcare Corp.

    9,200      325,496

Omnicare, Inc.

    48,120      1,361,315

Owens & Minor, Inc.

    17,900      830,381

PharMerica Corp.*

    22,370      407,581

PSS World Medical, Inc.*^

    25,500      599,505

Psychiatric Solutions, Inc.*

    24,950      743,510

Quest Diagnostics, Inc.

    66,730      3,889,692

Sun Healthcare Group, Inc.*

    37,500      357,750

UnitedHealth Group, Inc.

    486,120      15,881,540

Universal American Corp.*

    43,720      673,288

Universal Health Services, Inc., Class B

    380      13,334

VCA Antech, Inc.*

    36,850      1,032,905

WellCare Health Plans, Inc.*

    19,320      575,736

WellPoint, Inc.*

    186,680      12,018,458
         
        119,354,654
         

 

See Notes to Portfolio of Investments.

183

EQ ADVISORS TRUST

EQ/COMMON STOCK INDEX PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)
Health Care Technology (0.1%)      

Allscripts-Misys Healthcare Solutions, Inc.*

    59,050    $ 1,155,018

athenahealth, Inc.*

    16,000      584,960

Cerner Corp.*^

    27,200      2,313,632

MedAssets, Inc.*

    30,600      642,600

Phase Forward, Inc.*

    30,800      402,556

Quality Systems, Inc.

    10,700      657,408
         
        5,756,174
         
Life Sciences Tools & Services (0.6%)      

Albany Molecular Research, Inc.*

    720      6,012

Bio-Rad Laboratories, Inc., Class A*

    8,500      879,920

Bruker Corp.*

    83,900      1,229,135

Charles River Laboratories International, Inc.*^

    30,150      1,185,197

Covance, Inc.*

    26,100      1,602,279

Dionex Corp.*

    8,280      619,178

eResearchTechnology, Inc.*

    270      1,866

Illumina, Inc.*^

    53,500      2,081,150

Life Technologies Corp.*

    72,293      3,778,755

Luminex Corp.*

    18,500      311,355

Millipore Corp.*

    24,550      2,592,480

PAREXEL International Corp.*

    50,770      1,183,449

PerkinElmer, Inc.

    51,200      1,223,680

Sequenom, Inc.*^

    23,800      150,178

Techne Corp.

    16,550      1,054,069

Thermo Fisher Scientific, Inc.*

    184,050      9,467,532

Varian, Inc.*

    12,900      667,962

Waters Corp.*

    44,000      2,971,760
         
        31,005,957
         
Pharmaceuticals (5.3%)      

Abbott Laboratories, Inc.

    647,450      34,107,666

Allergan, Inc.

    134,970      8,816,240

Auxilium Pharmaceuticals, Inc.*^

    19,350      602,946

Bristol-Myers Squibb Co.

    699,230      18,669,441

Eli Lilly and Co.

    438,010      15,864,722

Endo Pharmaceuticals Holdings, Inc.*

    49,250      1,166,733

Forest Laboratories, Inc.*

    129,430      4,058,925

Johnson & Johnson

    1,109,860      72,362,872

King Pharmaceuticals, Inc.*

    100,970      1,187,407

KV Pharmaceutical Co., Class A*

    140      246

Medicines Co.*

    26,000      203,840

Medicis Pharmaceutical Corp., Class A

    33,880      852,421

Merck & Co., Inc.

    1,249,890      46,683,392

Mylan, Inc.*^

    120,550      2,737,691

Perrigo Co.

    32,300      1,896,656

Pfizer, Inc.

    3,265,056      55,995,710

Questcor Pharmaceuticals, Inc.*

    47,400      390,102

Salix Pharmaceuticals Ltd.*

    43,200      1,609,200

Valeant Pharmaceuticals International*

    29,600      1,270,136

ViroPharma, Inc.*

    36,500      497,495

Watson Pharmaceuticals, Inc.*

    45,320      1,893,016
         
        270,866,857
         

Total Health Care

         634,917,755
         

Industrials (11.1%)

      
Aerospace & Defense (2.7%)      

AAR Corp.*^

    27,680      687,018

Aerovironment, Inc.*

    12,600      328,986

Alliant Techsystems, Inc.*

    14,400      1,170,720

American Science & Engineering, Inc.

    6,000      449,520

BE Aerospace, Inc.*

    47,060      1,432,977

Boeing Co.

    306,200      22,233,182

Ceradyne, Inc.*

    610    $ 13,841

Curtiss-Wright Corp.

    20,100      699,480

DynCorp International, Inc., Class A*

    29,070      334,014

General Dynamics Corp.

    149,170      11,515,924

Goodrich Corp.

    55,290      3,899,051

Herley Industries, Inc.*

    90      1,319

Hexcel Corp.*

    43,500      628,140

Honeywell International, Inc.

    329,500      14,916,465

ITT Corp.

    79,150      4,243,231

L-3 Communications Holdings, Inc.

    52,970      4,853,641

Lockheed Martin Corp.

    127,560      10,615,543

Moog, Inc., Class A*

    18,400      651,728

Northrop Grumman Corp.

    121,950      7,996,261

Orbital Sciences Corp.*

    25,500      484,755

Precision Castparts Corp.

    61,470      7,788,864

Raytheon Co.

    158,690      9,064,373

Rockwell Collins, Inc.

    70,550      4,415,725

Spirit AeroSystems Holdings, Inc., Class A*^

    47,700      1,115,226

Stanley, Inc.*

    12,500      353,625

Taser International, Inc.*

    1,760      10,314

TransDigm Group, Inc.

    15,150      803,556

Triumph Group, Inc.^

    10,700      749,963

United Technologies Corp.

    339,740      25,008,261
         
        136,465,703
         
Air Freight & Logistics (0.8%)      

Atlas Air Worldwide Holdings, Inc.*

    700      37,135

C.H. Robinson Worldwide, Inc.

    70,700      3,948,595

Expeditors International of Washington, Inc.

    90,000      3,322,800

FedEx Corp.

    135,950      12,697,730

Forward Air Corp.^

    17,900      470,770

United Parcel Service, Inc., Class B

    299,750      19,306,897

UTi Worldwide, Inc.

    43,600      667,952
         
        40,451,879
         
Airlines (0.3%)      

Allegiant Travel Co.*

    11,300      653,818

AMR Corp.*

    141,500      1,289,065

Continental Airlines, Inc., Class B*^

    52,800      1,160,016

Delta Air Lines, Inc.*

    269,150      3,926,898

Hawaiian Holdings, Inc.*

    1,650      12,161

JetBlue Airways Corp.*

    75,300      420,174

Republic Airways Holdings, Inc.*

    1,790      10,597

SkyWest, Inc.^

    30,300      432,684

Southwest Airlines Co.

    319,300      4,221,146

U.S. Airways Group, Inc.*^

    54,300      399,105

UAL Corp.*

    56,800      1,110,440
         
        13,636,104
         
Building Products (0.2%)      

AAON, Inc.

    510      11,536

American Woodmark Corp.

    190      3,684

Ameron International Corp.

    8,700      547,143

Armstrong World Industries, Inc.*

    22,840      829,321

Griffon Corp.*

    59,795      745,046

Insteel Industries, Inc.^

    1,300      13,897

Lennox International, Inc.^

    21,110      935,595

Masco Corp.

    162,800      2,526,656

NCI Building Systems, Inc.*

    56      618

Owens Corning, Inc.*

    33,070      841,301

Quanex Building Products Corp.

    1,600      26,448

Simpson Manufacturing Co., Inc.

    17,300      480,248

USG Corp.*

    34,200      586,872
         
        7,548,365
         

 

See Notes to Portfolio of Investments.

184

EQ ADVISORS TRUST

EQ/COMMON STOCK INDEX PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Commercial Services & Supplies (0.6%)

      

ABM Industries, Inc.

    27,600    $ 585,120

American Reprographics Co.*

    41,190      369,474

Amrep Corp.*

    60      872

ATC Technology Corp.*

    430      7,379

Avery Dennison Corp.

    48,350      1,760,424

Bowne & Co., Inc.

    383      4,274

Brink’s Co.

    17,300      488,379

Cenveo, Inc.*

    1,730      14,982

Cintas Corp.

    600      16,854

Clean Harbors, Inc.*

    8,100      450,036

Copart, Inc.*

    29,100      1,035,960

Courier Corp.

    80      1,321

Covanta Holding Corp.*

    52,300      871,318

Deluxe Corp.

    35,620      691,740

G&K Services, Inc., Class A

    530      13,716

GEO Group, Inc.*

    26,800      531,176

Healthcare Services Group, Inc.

    29,000      649,310

Herman Miller, Inc.^

    27,500      496,650

HNI Corp.

    25,800      687,054

Iron Mountain, Inc.

    80,650      2,209,810

Mine Safety Appliances Co.^

    16,600      464,136

Pitney Bowes, Inc.

    94,420      2,308,569

R.R. Donnelley & Sons Co.

    97,730      2,086,536

Republic Services, Inc.

    133,435      3,872,284

Rollins, Inc.

    24,800      537,664

Schawk, Inc.

    700      12,691

Steelcase, Inc., Class A

    53,000      342,910

Stericycle, Inc.*

    35,800      1,951,100

Sykes Enterprises, Inc.*

    23,790      543,364

Team, Inc.*^

    17,410      288,832

Tetra Tech, Inc.*

    25,100      578,304

U.S. Ecology, Inc.

    520      8,372

United Stationers, Inc.*

    13,100      770,935

Viad Corp.

    930      19,111

Waste Connections, Inc.*

    32,700      1,110,492

Waste Management, Inc.

    208,250      7,170,047

Waste Services, Inc.*

    380      3,758
         
        32,954,954
         
Construction & Engineering (0.3%)      

Aecom Technology Corp.*

    40,800      1,157,496

EMCOR Group, Inc.*

    30,820      759,097

Fluor Corp.

    81,760      3,802,658

Granite Construction, Inc.

    14,500      438,190

Insituform Technologies, Inc., Class A*^

    750      19,958

Jacobs Engineering Group, Inc.*

    54,800      2,476,412

Layne Christensen Co.*

    440      11,752

MasTec, Inc.*

    46,200      582,582

Northwest Pipe Co.*

    250      5,462

Orion Marine Group, Inc.*

    30      541

Pike Electric Corp.*

    1,190      11,091

Quanta Services, Inc.*

    80,850      1,549,086

Shaw Group, Inc.*

    480      16,522

Tutor Perini Corp.*

    27,780      604,215

URS Corp.*

    38,100      1,890,141
         
        13,325,203
         
Electrical Equipment (0.8%)      

A. O. Smith Corp.

    13,400      704,438

Acuity Brands, Inc.^

    17,600      742,896

American Superconductor Corp.*^

    32,000      924,800

AMETEK, Inc.

    45,700      1,894,722

Baldor Electric Co.^

    26,260      982,124

Belden, Inc.

    24,800      681,008

Brady Corp., Class A

    22,860    $ 711,403

Emerson Electric Co.^

    331,910      16,708,349

Encore Wire Corp.

    23,400      486,720

Ener1, Inc.*^

    59,500      281,435

Energy Conversion Devices, Inc.*^

    22,100      173,043

EnerSys*

    48,500      1,196,010

Evergreen Solar, Inc.*^

    109,900      124,187

First Solar, Inc.*^

    21,350      2,618,578

FuelCell Energy, Inc.*^

    510      1,438

General Cable Corp.*^

    28,900      780,300

GrafTech International Ltd.*

    70,400      962,368

GT Solar International, Inc.*

    105,900      553,857

Hubbell, Inc., Class B

    24,400      1,230,492

II-VI, Inc.*

    16,400      554,976

LSI Industries, Inc.

    250      1,705

Powell Industries, Inc.*

    290      9,434

Regal-Beloit Corp.

    13,900      825,799

Rockwell Automation, Inc.^

    60,500      3,409,780

Roper Industries, Inc.

    38,650      2,235,516

SunPower Corp., Class A*^

    450      8,505

Thomas & Betts Corp.*

    25,600      1,004,544

Vicor Corp.*

    280      3,867

Woodward Governor Co.

    230      7,355
         
        39,819,649
         
Industrial Conglomerates (2.1%)      

3M Co.

    288,130      24,079,024

General Electric Co.

    4,288,892      78,057,834

McDermott International, Inc.*

    105,000      2,826,600

Otter Tail Corp.^

    20,400      447,984

Raven Industries, Inc.^

    13,400      395,166

Standex International Corp.

    380      9,793

Textron, Inc.^

    114,400      2,428,712
         
        108,245,113
         
Machinery (2.0%)      

3D Systems Corp.*

    10      137

Actuant Corp., Class A^

    23,500      459,425

AGCO Corp.*

    500      17,935

Albany International Corp., Class A

    28,450      612,528

Altra Holdings, Inc.*

    710      9,748

American Railcar Industries, Inc.

    80      973

Astec Industries, Inc.*

    17,100      495,216

Barnes Group, Inc.^

    31,620      615,009

Blount International, Inc.*

    42,020      435,327

Briggs & Stratton Corp.^

    29,400      573,300

Bucyrus International, Inc.

    28,400      1,874,116

Cascade Corp.

    270      8,697

Caterpillar, Inc.

    243,710      15,317,174

Chart Industries, Inc.*

    580      11,600

CLARCOR, Inc.

    21,900      755,331

Colfax Corp.*

    630      7,415

Cummins, Inc.

    95,860      5,938,527

Danaher Corp.

    110,130      8,800,488

Deere & Co.

    191,540      11,388,968

Dover Corp.

    81,890      3,828,357

Eaton Corp.

    70,800      5,364,516

Flowserve Corp.

    24,680      2,721,464

Force Protection, Inc.*

    400      2,408

Gardner Denver, Inc.

    23,200      1,021,728

Graco, Inc.

    25,160      805,120

Graham Corp.

    210      3,778

IDEX Corp.

    540      17,874

Illinois Tool Works, Inc.

    200,810      9,510,362

Joy Global, Inc.

    45,680      2,585,488

Kadant, Inc.*

    470      6,773

 

See Notes to Portfolio of Investments.

185

EQ ADVISORS TRUST

EQ/COMMON STOCK INDEX PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Kaydon Corp.

    13,700    $ 515,120

Kennametal, Inc.

    35,190      989,543

K-Tron International, Inc.*

    20      2,999

L.B. Foster Co., Class A*

    400      11,556

Lincoln Electric Holdings, Inc.

    19,230      1,044,766

Lindsay Corp.

    9,060      375,175

Manitowoc Co., Inc.

    59,400      772,200

Met-Pro Corp.

    100      980

Middleby Corp.*^

    12,100      696,839

Mueller Water Products, Inc., Class A

    3,270      15,631

NACCO Industries, Inc., Class A

    300      22,245

Navistar International Corp.*

    27,100      1,212,183

Nordson Corp.

    14,630      993,670

Oshkosh Corp.*

    37,200      1,500,648

PACCAR, Inc.

    156,330      6,775,342

Pall Corp.

    52,300      2,117,627

Parker Hannifin Corp.

    71,110      4,603,661

RBC Bearings, Inc.*^

    20,400      650,148

Robbins & Myers, Inc.

    21,170      504,269

Sauer-Danfoss, Inc.*

    1,570      20,850

Snap-On, Inc.

    25,100      1,087,834

Sun Hydraulics Corp.^

    550      14,289

Tecumseh Products Co., Class A*

    680      8,344

Terex Corp.*

    48,030      1,090,761

Timken Co.

    36,640      1,099,566

Toro Co.^

    14,920      733,616

Trinity Industries, Inc.^

    36,070      719,957

Twin Disc, Inc.

    40      489

Valmont Industries, Inc.

    7,700      637,791

WABCO Holdings, Inc.*

    29,970      896,702

Wabtec Corp.

    21,200      892,944

Watts Water Technologies, Inc., Class A^

    17,510      543,861
         
        103,741,388
         
Marine (0.0%)      

Alexander & Baldwin, Inc.^

    18,080      597,544

American Commercial Lines, Inc.*

    525      13,178

Eagle Bulk Shipping, Inc.*

    41,100      218,241

Genco Shipping & Trading Ltd.*^

    24,910      525,850

Horizon Lines, Inc., Class A

    250      1,360

Kirby Corp.*

    24,350      928,952
         
        2,285,125
         
Professional Services (0.3%)      

Administaff, Inc.

    23,300      497,222

Advisory Board Co.*

    140      4,410

CBIZ, Inc.*

    52,020      341,771

Corporate Executive Board Co.

    15,490      411,879

CoStar Group, Inc.*^

    13,600      564,672

Dun & Bradstreet Corp.

    24,250      1,804,685

Equifax, Inc.

    56,620      2,026,996

Exponent, Inc.*

    470      13,404

FTI Consulting, Inc.*

    21,500      845,380

Hill International, Inc.*

    850      4,956

Huron Consulting Group, Inc.*

    8,900      180,670

IHS, Inc., Class A*

    20,200      1,080,094

Kelly Services, Inc., Class A*

    32,000      533,120

Kforce, Inc.*

    780      11,864

Korn/Ferry International*

    34,380      606,807

Manpower, Inc.

    34,980      1,998,058

Navigant Consulting, Inc.*

    24,000      291,120

On Assignment, Inc.*

    770      5,490

Resources Connection, Inc.*

    27,650      530,050

Robert Half International, Inc.^

    62,260      1,894,572

School Specialty, Inc.*^

    500      11,355

SFN Group, Inc.*

    980    $ 7,850

Towers Watson & Co., Class A

    17,900      850,250

Verisk Analytics, Inc., Class A*

    50,500      1,424,100
         
        15,940,775
         
Road & Rail (0.8%)      

Amerco, Inc.*

    9,440      512,498

Arkansas Best Corp.^

    16,890      504,673

Avis Budget Group, Inc.*

    890      10,235

Con-way, Inc.

    19,100      670,792

CSX Corp.

    166,050      8,451,945

Heartland Express, Inc.^

    29,400      485,100

J.B. Hunt Transport Services, Inc.

    35,950      1,289,886

Kansas City Southern*

    750      27,128

Knight Transportation, Inc.^

    28,700      605,283

Landstar System, Inc.

    23,650      992,827

Norfolk Southern Corp.

    164,570      9,197,817

Old Dominion Freight Line, Inc.*

    16,400      547,596

Ryder System, Inc.

    24,900      965,124

Union Pacific Corp.

    204,160      14,964,928

Werner Enterprises, Inc.^

    22,800      528,276
         
        39,754,108
         
Trading Companies & Distributors (0.2%)      

Applied Industrial Technologies, Inc.

    23,300      579,005

Beacon Roofing Supply, Inc.*

    32,000      612,160

DXP Enterprises, Inc.*

    230      2,937

Fastenal Co.

    54,900      2,634,651

GATX Corp.^

    21,500      615,975

H&E Equipment Services, Inc.*

    750      8,085

Houston Wire & Cable Co.

    910      10,538

Interline Brands, Inc.*

    180      3,445

RSC Holdings, Inc.*

    46,900      373,324

Textainer Group Holdings Ltd.

    280      6,034

W.W. Grainger, Inc.^

    33,050      3,573,366

Watsco, Inc.^

    12,210      694,505

WESCO International, Inc.*

    25,320      878,857
         
        9,992,882
         

Total Industrials

         564,161,248
         

Information Technology (18.6%)

      
Communications Equipment (2.4%)      

Acme Packet, Inc.*

    810      15,617

ADC Telecommunications, Inc.*

    64,000      467,840

Arris Group, Inc.*

    67,300      808,273

Aviat Networks, Inc.*

    14,656      97,169

BigBand Networks, Inc.*

    820      2,895

Black Box Corp.^

    16,060      494,006

Blue Coat Systems, Inc.*

    400      12,416

Brocade Communications Systems, Inc.*

    144,160      823,154

Cisco Systems, Inc.*

    2,349,670      61,161,910

CommScope, Inc.*

    600      16,812

Comtech Telecommunications Corp.*

    10,200      326,298

Digi International, Inc.*

    650      6,916

EchoStar Corp., Class A*

    23,550      477,594

Emulex Corp.*

    55,090      731,595

Extreme Networks, Inc.*

    423      1,299

F5 Networks, Inc.*

    32,900      2,023,679

Harmonic, Inc.*

    77,400      488,394

Harris Corp.

    59,640      2,832,304

Hughes Communications, Inc.*

    70      1,949

Infinera Corp.*

    56,500      481,380

InterDigital, Inc.*^

    20,100      559,986

Ixia*

    1,220      11,309

JDS Uniphase Corp.*

    99,450      1,246,108

Juniper Networks, Inc.*

    235,100      7,212,868

 

See Notes to Portfolio of Investments.

186

EQ ADVISORS TRUST

EQ/COMMON STOCK INDEX PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Motorola, Inc.*

    1,043,150    $ 7,322,913

NETGEAR, Inc.*

    400      10,440

Oplink Communications, Inc.*

    210      3,893

Palm, Inc.*^

    1,000      3,760

Parkervision, Inc.*

    500      850

Plantronics, Inc.

    30,900      966,552

Polycom, Inc.*

    37,800      1,155,924

Powerwave Technologies, Inc.*

    2,150      2,688

QUALCOMM, Inc.

    678,280      28,480,977

Riverbed Technology, Inc.*^

    38,800      1,101,920

SeaChange International, Inc.*

    800      5,744

Sonus Networks, Inc.*

    245,790      641,512

Sycamore Networks, Inc.^

    15,470      311,102

Symmetricom, Inc.*

    340      1,982

Tekelec*

    34,920      634,147

Tellabs, Inc.

    2,460      18,622

UTStarcom, Inc.*

    480      1,339

ViaSat, Inc.*^

    22,120      765,573
         
        121,731,709
         
Computers & Peripherals (5.0%)      

Apple, Inc.*

    357,750      84,046,208

Avid Technology, Inc.*

    29,200      402,376

Dell, Inc.*

    781,144      11,724,971

Diebold, Inc.

    27,650      878,164

Electronics for Imaging, Inc.*

    43,600      507,068

EMC Corp.*

    835,190      15,066,828

Hewlett-Packard Co.

    968,520      51,476,838

Imation Corp.*

    1,210      13,322

Intermec, Inc.*

    33,700      477,866

International Business Machines Corp.

    532,200      68,254,650

Lexmark International, Inc., Class A*

    590      21,287

NCR Corp.*

    1,100      15,180

NetApp, Inc.*

    157,750      5,136,340

Netezza Corp.*

    500      6,395

QLogic Corp.*^

    56,900      1,155,070

SanDisk Corp.*

    97,990      3,393,394

Seagate Technology*

    241,110      4,402,669

Silicon Graphics International Corp.*

    210      2,245

Synaptics, Inc.*^

    15,300      422,433

Teradata Corp.*

    81,860      2,364,935

Western Digital Corp.*

    102,170      3,983,608
         
        253,751,847
         
Electronic Equipment, Instruments & Components (0.8%)      

Agilent Technologies, Inc.*

    159,630      5,489,676

Agilysys, Inc.

    120      1,340

Amphenol Corp., Class A

    79,820      3,367,606

Anixter International, Inc.*^

    13,400      627,790

Avnet, Inc.*

    64,920      1,947,600

AVX Corp.

    48,140      683,588

Benchmark Electronics, Inc.*

    35,100      727,974

Checkpoint Systems, Inc.*^

    34,400      760,928

Cogent, Inc.*

    4,359      44,462

Cognex Corp.

    27,500      508,475

Coherent, Inc.*

    17,400      556,104

Corning, Inc.

    689,390      13,932,572

CTS Corp.

    1,260      11,869

Daktronics, Inc.

    480      3,658

Dolby Laboratories, Inc., Class A*^

    21,250      1,246,737

Electro Scientific Industries, Inc.*

    620      7,942

FLIR Systems, Inc.*

    59,200      1,669,440

Ingram Micro, Inc., Class A*

    72,800      1,277,640

Insight Enterprises, Inc.*

    1,230      17,663

IPG Photonics Corp.*^

    30,000      444,000

Itron, Inc.*

    15,310    $ 1,111,047

L-1 Identity Solutions, Inc.*^

    58,060      518,476

Littelfuse, Inc.*

    700      26,607

Molex, Inc.^

    800      16,688

MTS Systems Corp.

    13,200      383,196

National Instruments Corp.

    23,800      793,730

Newport Corp.*

    1,260      15,750

OSI Systems, Inc.*

    330      9,256

Park Electrochemical Corp.

    370      10,634

PC Connection, Inc.*

    160      992

Plexus Corp.*

    25,500      918,765

Rofin-Sinar Technologies, Inc.*

    21,200      479,544

Scansource, Inc.*

    23,370      672,588

Tech Data Corp.*

    400      16,760

Technitrol, Inc.

    960      5,069

Vishay Intertechnology, Inc.*

    103,200      1,055,736
         
        39,361,902
         
Internet Software & Services (1.8%)      

Akamai Technologies, Inc.*^

    74,400      2,336,904

AOL, Inc.*

    47,456      1,199,688

Art Technology Group, Inc.*

    910      4,013

comScore, Inc.*

    70      1,168

DealerTrack Holdings, Inc.*

    40,300      688,324

Digital River, Inc.*

    16,500      499,950

EarthLink, Inc.^

    65,000      555,100

eBay, Inc.*

    448,370      12,083,572

Equinix, Inc.*

    16,000      1,557,440

Google, Inc., Class A*

    97,525      55,297,650

IAC/InterActiveCorp*

    40,250      915,285

j2 Global Communications, Inc.*^

    25,600      599,040

LoopNet, Inc.*

    950      10,678

Marchex, Inc., Class B

    840      4,293

ModusLink Global Solutions, Inc.*

    210      1,770

NIC, Inc.

    60      472

Perficient, Inc.*

    320      3,606

RealNetworks, Inc.*

    103,810      501,402

Sohu.com, Inc.*

    14,210      775,866

Stamps.com, Inc.*

    770      7,777

United Online, Inc.

    58,100      434,588

ValueClick, Inc.*

    68,980      699,457

VeriSign, Inc.*

    90,350      2,350,004

Vocus, Inc.*

    400      6,820

Yahoo!, Inc.*

    512,450      8,470,799
         
        89,005,666
         
IT Services (1.7%)      

Acxiom Corp.*

    57,190      1,025,989

Alliance Data Systems Corp.*^

    300      19,197

Amdocs Ltd.*

    90,010      2,710,201

Automatic Data Processing, Inc.

    220,450      9,803,411

Broadridge Financial Solutions, Inc.

    61,110      1,306,532

CACI International, Inc., Class A*

    12,200      595,970

Cognizant Technology Solutions Corp., Class A*

    130,050      6,629,949

Computer Sciences Corp.*

    66,240      3,609,418

Convergys Corp.*^

    71,800      880,268

CSG Systems International, Inc.*

    27,540      577,238

Cybersource Corp.*

    40,700      717,948

DST Systems, Inc.

    19,880      824,026

Euronet Worldwide, Inc.*

    45,000      829,350

ExlService Holdings, Inc.*

    390      6,505

Fidelity National Information Services, Inc.

    141,125      3,307,970

Fiserv, Inc.*

    71,450      3,626,802

Forrester Research, Inc.*

    16,300      490,141

 

See Notes to Portfolio of Investments.

187

EQ ADVISORS TRUST

EQ/COMMON STOCK INDEX PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Gartner, Inc.*

    26,600    $ 591,584

Genpact Ltd.*

    53,400      895,518

Global Cash Access Holdings, Inc.*

    1,320      10,784

Global Payments, Inc.

    34,600      1,576,030

Hackett Group, Inc.*

    80      222

Heartland Payment Systems, Inc.^

    26,360      490,296

iGATE Corp.

    880      8,562

infoGROUP, Inc.*

    520      4,056

Integral Systems, Inc.*

    840      8,089

Lender Processing Services, Inc.

    40,850      1,542,088

ManTech International Corp., Class A*^

    8,400      410,172

Mastercard, Inc., Class A

    36,700      9,321,800

MAXIMUS, Inc.

    14,700      895,671

Ness Technologies, Inc.*

    400      2,524

NeuStar, Inc., Class A*

    32,590      821,268

Online Resources Corp.*

    10      40

Paychex, Inc.^

    139,910      4,295,237

SAIC, Inc.*

    163,050      2,885,985

Sapient Corp.

    88,500      808,890

SRA International, Inc., Class A*

    31,500      654,885

Syntel, Inc.

    16,680      641,680

TeleTech Holdings, Inc.*

    47,050      803,614

Unisys Corp.*

    496      17,305

VeriFone Holdings, Inc.*^

    40,500      818,505

Visa, Inc., Class A

    196,150      17,855,535

Western Union Co.

    329,360      5,585,946

Wright Express Corp.*

    28,800      867,456
         
        88,774,657
         
Office Electronics (0.1%)      

Xerox Corp.

    592,831      5,780,102

Zebra Technologies Corp., Class A*

    27,700      819,920
         
        6,600,022
         
Semiconductors & Semiconductor Equipment (2.8%)      

Actel Corp.*

    590      8,172

Advanced Analogic Technologies, Inc.*

    70      244

Advanced Micro Devices, Inc.*^

    232,600      2,156,202

Altera Corp.

    128,450      3,122,619

Amkor Technology, Inc.*^

    115,200      814,464

Analog Devices, Inc.

    127,070      3,662,157

Applied Materials, Inc.

    602,520      8,121,970

Atheros Communications, Inc.*

    27,100      1,049,041

Atmel Corp.*

    197,000      990,910

ATMI, Inc.*

    880      16,993

Broadcom Corp., Class A

    224,570      7,451,233

Cabot Microelectronics Corp.*

    17,380      657,485

Cavium Networks, Inc.*

    700      17,402

Cirrus Logic, Inc.*

    2,560      21,478

Cree, Inc.*

    38,900      2,731,558

Cymer, Inc.*

    18,300      682,590

Cypress Semiconductor Corp.*

    98,500      1,132,750

Diodes, Inc.*

    480      10,752

DSP Group, Inc.*

    640      5,331

Entegris, Inc.*

    4,540      22,882

Exar Corp.*

    1,400      9,870

Fairchild Semiconductor International, Inc.*

    86,600      922,290

FEI Co.*

    23,160      530,596

FormFactor, Inc.*^

    28,800      511,488

Hittite Microwave Corp.*

    14,400      633,168

Integrated Device Technology, Inc.*

    77,100      472,623

Intel Corp.

    2,249,410      50,071,867

International Rectifier Corp.*

    33,800      774,020

IXYS Corp.*

    700    $ 5,978

KLA-Tencor Corp.

    76,180      2,355,486

Kulicke & Soffa Industries, Inc.*

    610      4,422

Lam Research Corp.*

    54,500      2,033,940

Linear Technology Corp.^

    94,050      2,659,734

LSI Corp.*

    283,110      1,732,633

Marvell Technology Group Ltd.*

    216,430      4,410,843

Maxim Integrated Products, Inc.

    131,550      2,550,754

MEMC Electronic Materials, Inc.*

    100,270      1,537,139

Micrel, Inc.

    58,400      622,544

Microchip Technology, Inc.^

    81,000      2,280,960

Micron Technology, Inc.*

    382,650      3,975,733

Microsemi Corp.*

    300      5,202

MKS Instruments, Inc.*

    27,400      536,766

Monolithic Power Systems, Inc.*^

    31,420      700,666

NVIDIA Corp.*

    259,860      4,516,367

OmniVision Technologies, Inc.*

    1,350      23,193

Pericom Semiconductor Corp.*

    1,210      12,959

PMC-Sierra, Inc.*

    103,000      918,760

Power Integrations, Inc.

    22,300      918,760

RF Micro Devices, Inc.*

    3,270      16,285

Rudolph Technologies, Inc.*

    10      86

Semtech Corp.*

    41,070      715,850

Silicon Image, Inc.*

    5,630      17,003

Silicon Laboratories, Inc.*

    21,840      1,041,113

Silicon Storage Technology, Inc.*

    820      2,493

Skyworks Solutions, Inc.*

    72,500      1,131,000

Standard Microsystems Corp.*

    30      698

Supertex, Inc.*

    430      11,004

Teradyne, Inc.*^

    91,610      1,023,284

Tessera Technologies, Inc.*

    22,000      446,160

Texas Instruments, Inc.

    566,190      13,854,669

TriQuint Semiconductor, Inc.*

    124,000      868,000

Varian Semiconductor Equipment Associates, Inc.*

    500      16,560

Volterra Semiconductor Corp.*

    80      2,008

Xilinx, Inc.^

    123,200      3,141,600
         
        140,692,807
         
Software (4.0%)      

ACI Worldwide, Inc.*

    29,500      607,995

Activision Blizzard, Inc.

    250,300      3,018,618

Adobe Systems, Inc.*

    232,420      8,220,695

Advent Software, Inc.*

    19,620      877,995

ANSYS, Inc.*

    35,880      1,547,863

Ariba, Inc.*

    45,100      579,535

AsiaInfo Holdings, Inc.*^

    38,900      1,030,072

Autodesk, Inc.*

    98,350      2,893,457

Blackbaud, Inc.^

    33,450      842,605

Blackboard, Inc.*

    15,200      633,232

BMC Software, Inc.*

    84,000      3,192,000

Bottomline Technologies, Inc.*

    220      3,703

CA, Inc.

    171,850      4,033,319

Cadence Design Systems, Inc.*

    112,030      746,120

Citrix Systems, Inc.*^

    78,550      3,728,768

Compuware Corp.*

    2,250      18,900

Concur Technologies, Inc.*

    20,300      832,503

Electronic Arts, Inc.*

    134,200      2,504,172

EPIQ Systems, Inc.*^

    30,400      377,872

FactSet Research Systems, Inc.

    18,970      1,391,829

Fair Isaac Corp.^

    29,200      739,928

Informatica Corp.*

    37,700      1,012,622

Intuit, Inc.*^

    140,650      4,829,921

Jack Henry & Associates, Inc.

    30,730      739,364

Kenexa Corp.*

    870      11,963

Lawson Software, Inc.*

    99,400      657,034

 

See Notes to Portfolio of Investments.

188

EQ ADVISORS TRUST

EQ/COMMON STOCK INDEX PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Manhattan Associates, Inc.*

    790    $ 20,129

McAfee, Inc.*

    65,400      2,624,502

Mentor Graphics Corp.*

    83,970      673,439

Microsoft Corp.

    3,104,150      90,858,471

MicroStrategy, Inc., Class A*

    200      17,014

Net 1 UEPS Technologies, Inc.*^

    37,420      688,154

Novell, Inc.*

    150,200      899,698

Nuance Communications, Inc.*

    84,490      1,405,914

Oracle Corp.

    1,573,690      40,428,096

Parametric Technology Corp.*

    51,050      921,452

Phoenix Technologies Ltd.*

    30      97

Progress Software Corp.*

    19,160      602,199

Quest Software, Inc.*

    31,000      551,490

Radiant Systems, Inc.*

    160      2,283

Red Hat, Inc.*

    88,200      2,581,614

Rovi Corp.*^

    41,550      1,542,752

Salesforce.com, Inc.*

    47,100      3,506,595

Solera Holdings, Inc.

    21,110      815,901

SonicWALL, Inc.*

    1,330      11,558

Sybase, Inc.*

    36,000      1,678,320

Symantec Corp.*

    368,490      6,234,851

Symyx Technologies, Inc.*

    470      2,110

Synchronoss Technologies, Inc.*

    910      17,627

Synopsys, Inc.*

    61,920      1,385,150

Take-Two Interactive Software, Inc.*^

    34,600      340,810

Taleo Corp., Class A*

    190      4,923

TIBCO Software, Inc.*

    85,640      924,056

TiVo, Inc.*

    66,900      1,145,328

VMware, Inc., Class A*

    500      26,650

Websense, Inc.*

    24,500      557,865
         
        205,541,133
         

Total Information Technology

         945,459,743
         

Materials (4.0%)

      
Chemicals (2.2%)      

A. Schulman, Inc.

    470      11,501

Air Products & Chemicals, Inc.

    93,580      6,920,241

Airgas, Inc.

    37,700      2,398,474

Albemarle Corp.

    36,800      1,568,784

Arch Chemicals, Inc.

    15,700      539,923

Ashland, Inc.

    31,964      1,686,740

Cabot Corp.

    29,200      887,680

Celanese Corp., Class A

    62,200      1,981,070

CF Industries Holdings, Inc.

    24,350      2,220,233

Dow Chemical Co.

    480,580      14,210,751

E.I. du Pont de Nemours & Co.

    400,440      14,912,385

Eastman Chemical Co.

    33,860      2,156,205

Ecolab, Inc.

    102,012      4,483,427

Ferro Corp.*^

    40,360      354,764

FMC Corp.

    34,250      2,073,495

H.B. Fuller Co.

    26,770      621,332

Huntsman Corp.

    61,000      735,050

Innophos Holdings, Inc.

    510      14,229

Innospec, Inc.*

    730      8,293

International Flavors & Fragrances, Inc.

    35,000      1,668,450

Intrepid Potash, Inc.*^

    21,300      646,029

LSB Industries, Inc.*

    580      8,839

Lubrizol Corp.

    31,400      2,880,008

Minerals Technologies, Inc.

    8,600      445,824

Monsanto Co.

    223,700      15,976,654

Mosaic Co.

    69,430      4,219,261

Nalco Holding Co.

    900      21,897

NewMarket Corp.

    11,300      1,163,787

NL Industries, Inc.^

    33,600    $ 288,288

PolyOne Corp.*

    2,750      28,160

PPG Industries, Inc.

    70,400      4,604,160

Praxair, Inc.

    139,200      11,553,600

Quaker Chemical Corp.

    480      13,013

Rockwood Holdings, Inc.*

    41,030      1,092,219

RPM International, Inc.

    950      20,273

Scotts Miracle-Gro Co., Class A

    19,400      899,190

Sensient Technologies Corp.

    20,600      598,636

Sigma-Aldrich Corp.

    55,600      2,983,496

Solutia, Inc.*

    49,700      800,667

Spartech Corp.*

    1,320      15,444

Terra Industries, Inc.

    46,720      2,137,907

Valspar Corp.

    44,500      1,311,860

Westlake Chemical Corp.

    310      7,995
         
        111,170,234
         
Construction Materials (0.1%)      

Eagle Materials, Inc.

    23,200      615,728

Martin Marietta Materials, Inc.

    17,700      1,478,835

Texas Industries, Inc.

    15,000      512,550

Vulcan Materials Co.^

    48,700      2,300,588
         
        4,907,701
         
Containers & Packaging (0.3%)      

AptarGroup, Inc.

    29,600      1,164,760

Ball Corp.

    42,250      2,255,305

Bemis Co., Inc.

    42,300      1,214,856

Crown Holdings, Inc.*

    72,750      1,961,340

Graphic Packaging Holding Co.*^

    297,700      1,074,697

Greif, Inc., Class A

    14,800      812,816

Myers Industries, Inc.

    1,070      11,214

Owens-Illinois, Inc.*

    77,550      2,756,127

Packaging Corp. of America

    48,600      1,196,046

Pactiv Corp.*

    56,450      1,421,411

Sealed Air Corp.^

    69,960      1,474,757

Sonoco Products Co.

    44,160      1,359,686
         
        16,703,015
         
Metals & Mining (1.1%)      

Alcoa, Inc.

    420,250      5,984,360

Allegheny Technologies, Inc.

    44,660      2,411,193

AMCOL International Corp.^

    19,500      530,400

Carpenter Technology Corp.

    24,000      878,400

Cliffs Natural Resources, Inc.

    55,540      3,940,563

Commercial Metals Co.

    49,390      743,813

Freeport-McMoRan Copper & Gold, Inc.

    175,550      14,665,447

General Steel Holdings, Inc.*^

    690      2,836

Kaiser Aluminum Corp.

    14,160      546,151

Newmont Mining Corp.

    208,500      10,618,905

Nucor Corp.

    135,020      6,127,208

Olympic Steel, Inc.

    720      23,508

Royal Gold, Inc.

    13,400      619,214

Schnitzer Steel Industries, Inc., Class A

    16,000      840,480

Southern Copper Corp.

    94,560      2,994,715

Steel Dynamics, Inc.

    71,300      1,245,611

Titanium Metals Corp.*^

    30,000      497,700

United States Steel Corp.^

    51,590      3,276,997

Universal Stainless & Alloy Products, Inc.*

    40      960

Walter Energy, Inc.

    22,000      2,029,940

Worthington Industries, Inc.

    37,000      639,730
         
        58,618,131
         
Paper & Forest Products (0.3%)      

Buckeye Technologies, Inc.*

    1,360      17,789

 

See Notes to Portfolio of Investments.

189

EQ ADVISORS TRUST

EQ/COMMON STOCK INDEX PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Clearwater Paper Corp.*

    5,325    $ 262,256

Deltic Timber Corp.^

    9,200      405,260

Domtar Corp.*^

    19,740      1,271,453

Glatfelter

    1,440      20,866

International Paper Co.

    197,450      4,859,245

Louisiana-Pacific Corp.*

    3,030      27,422

MeadWestvaco Corp.

    78,600      2,008,230

Neenah Paper, Inc.

    160      2,534

Wausau Paper Corp.*

    45,000      384,300

Weyerhaeuser Co.^

    90,100      4,078,827
         
        13,338,182
         

Total Materials

         204,737,263
         

Telecommunication Services (2.6%)

      
Diversified Telecommunication Services (2.1%)      

AT&T, Inc.

    2,365,954      61,136,251

Atlantic Tele-Network, Inc.

    110      4,942

Cbeyond, Inc.*

    370      5,062

CenturyTel, Inc.

    138,269      4,903,019

Frontier Communications Corp.

    2,350      17,484

Global Crossing Ltd.*

    48,290      731,593

Iowa Telecommunications Services, Inc.

    27,800      464,260

Premiere Global Services, Inc.*

    51,900      428,694

Qwest Communications International, Inc.

    625,680      3,266,050

Verizon Communications, Inc.

    1,150,440      35,686,649

Windstream Corp.

    189,720      2,066,051
         
        108,710,055
         
Wireless Telecommunication Services (0.5%)      

American Tower Corp., Class A*

    181,200      7,720,932

Clearwire Corp., Class A*^

    196,900      1,407,835

Crown Castle International Corp.*

    127,050      4,857,122

MetroPCS Communications, Inc.*^

    108,050      764,994

NII Holdings, Inc.*

    73,400      3,057,844

SBA Communications Corp., Class A*

    48,700      1,756,609

Shenandoah Telecommunications Co.^

    17,900      336,520

Sprint Nextel Corp.*

    1,287,925      4,894,115

Syniverse Holdings, Inc.*

    45,100      878,097

Telephone & Data Systems, Inc.

    510      17,263

USA Mobility, Inc.*

    400      5,068
         
        25,696,399
         

Total Telecommunication Services

         134,406,454
         

Utilities (3.5%)

      
Electric Utilities (1.8%)      

Allegheny Energy, Inc.

    73,200      1,683,600

Allete, Inc.

    38,700      1,295,676

American Electric Power Co., Inc.

    205,570      7,026,383

Cleco Corp.

    25,900      687,645

Duke Energy Corp.

    544,600      8,887,872

Edison International

    142,260      4,861,024

El Paso Electric Co.*

    24,400      502,640

Empire District Electric Co.

    22,600      407,252

Entergy Corp.

    82,600      6,719,510

Exelon Corp.

    282,640      12,382,458

FirstEnergy Corp.^

    131,950      5,157,925

FPL Group, Inc.

    181,050      8,750,147

Great Plains Energy, Inc.

    51,600      958,212

IDACORP, Inc.

    20,050      694,131

ITC Holdings Corp.^

    20,600      1,133,000

MGE Energy, Inc.

    12,100      427,856

Northeast Utilities

    61,550      1,701,242

NV Energy, Inc.

    100,300    $ 1,236,699

Pepco Holdings, Inc.

    87,450      1,499,767

Pinnacle West Capital Corp.

    42,600      1,607,298

PNM Resources, Inc.

    47,700      597,681

PPL Corp.

    162,850      4,512,574

Progress Energy, Inc.

    112,420      4,424,851

Southern Co.

    336,350      11,153,366

UniSource Energy Corp.

    16,400      515,616

Westar Energy, Inc.

    43,900      978,970
         
        89,803,395
         
Gas Utilities (0.3%)      

AGL Resources, Inc.

    32,350      1,250,328

Atmos Energy Corp.

    38,500      1,099,945

EQT Corp.

    56,800      2,328,800

Laclede Group, Inc.

    8,600      289,992

National Fuel Gas Co.

    28,900      1,460,895

New Jersey Resources Corp.

    18,100      679,836

Nicor, Inc.

    400      16,768

Northwest Natural Gas Co.^

    11,500      535,900

ONEOK, Inc.

    46,500      2,122,725

Piedmont Natural Gas Co., Inc.^

    30,900      852,222

Questar Corp.

    76,700      3,313,440

South Jersey Industries, Inc.

    12,100      508,079

UGI Corp.

    45,950      1,219,513

WGL Holdings, Inc.

    21,650      750,172
         
        16,428,615
         
Independent Power Producers & Energy Traders (0.2%)      

AES Corp.*

    275,595      3,031,545

Calpine Corp.*

    152,700      1,815,603

Constellation Energy Group, Inc.

    75,150      2,638,517

Dynegy, Inc., Class A*

    6,350      8,001

Mirant Corp.*

    74,000      803,640

NRG Energy, Inc.*

    102,550      2,143,295

Ormat Technologies, Inc.

    14,750      415,065

RRI Energy, Inc.*

    154,470      569,994
         
        11,425,660
         
Multi-Utilities (1.2%)      

Ameren Corp.

    88,700      2,313,296

Avista Corp.

    23,950      496,005

Black Hills Corp.^

    16,500      500,775

CenterPoint Energy, Inc.

    139,350      2,001,066

CH Energy Group, Inc.

    10,200      416,568

Consolidated Edison, Inc.

    124,100      5,527,414

Dominion Resources, Inc.

    248,250      10,205,557

DTE Energy Co.

    71,900      3,206,740

Integrys Energy Group, Inc.^

    33,090      1,567,804

MDU Resources Group, Inc.

    78,350      1,690,793

NiSource, Inc.

    121,000      1,911,800

NorthWestern Corp.

    21,400      573,734

NSTAR

    46,700      1,654,114

OGE Energy Corp.

    40,000      1,557,600

PG&E Corp.

    148,720      6,308,702

Public Service Enterprise Group, Inc.

    211,600      6,246,432

SCANA Corp.

    50,350      1,892,656

Sempra Energy

    107,390      5,358,761

TECO Energy, Inc.

    1,250      19,863

Vectren Corp.

    34,700      857,784

Wisconsin Energy Corp.

    51,050      2,522,381

Xcel Energy, Inc.

    185,580      3,934,296
         
        60,764,141
         
Water Utilities (0.0%)      

American Water Works Co., Inc.

    65,800      1,431,808

Aqua America, Inc.^

    53,850      946,145

 

See Notes to Portfolio of Investments.

190

EQ ADVISORS TRUST

EQ/COMMON STOCK INDEX PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)		  

California Water Service Group^

      10,500    $ 394,905   
           
        2,772,858   
           

Total Utilities

         181,194,669   
           

Total Common Stocks (99.6%)
(Cost $4,308,119,427)

         5,072,902,777   
           
     Principal
Amount		    Value
(Note 1)		  

SHORT-TERM INVESTMENTS:

      

Short-Term Investments of Cash Collateral for Securities Loaned (1.7%)

      

Credit Agricole S.A./New York

      

0.41%, 7/2/10 (l)

    $ 19,998,166      20,000,105   

Goldman Sachs & Co., Repurchase Agreement

      

0.01%, 4/1/10 (v)

      46,960,559      46,960,559   

Lehman Brothers Holdings, Inc.

      

0.00%, 8/21/09 (h)(s)

      10,000,000      2,300,000   

Monumental Global Funding II

      

0.43%, 5/26/10 (l)

      4,000,000      3,971,600   

Monumental Global Funding Ltd.

      

0.31%, 5/24/10 (l)

      7,000,000      6,977,712   

Pricoa Global Funding I

      

0.40%, 6/25/10 (l)

      8,999,773      8,943,021   
           

Total Short-Term Investments of Cash Collateral for Securities Loaned

         89,152,997   
           

Time Deposit (0.6%)

      

JPMorgan Chase Nassau

      

0.000%, 4/1/10

      28,803,276      28,803,276   
           

Total Short-Term Investments (2.3%)
(Cost/Amortized Cost $125,761,774)

         117,956,273   
           

Total Investments (101.9%)
(Cost/Amortized Cost $4,433,881,201)

         5,190,859,050   

Other Assets Less Liabilities (-1.9%)

         (98,381,090 ) 
           

Net Assets (100%)

       $ 5,092,477,960   
           

 

* Non-income producing.

 

^ All, or a portion of security out on loan (See Note 1).

 

# All, or a portion of security held by broker as collateral for financial futures contracts, with a total collateral value of $20,495,880.

 

(h) Security in default.

 

(l) Floating Rate Security. Rate disclosed is as of March 31, 2010.

 

(s) Issuer in bankruptcy.

 

(v) Represents the Portfolio’s undivided interest in a joint repurchase agreement. The repurchase agreement was fully collateralized by U.S. government agency securities at the date of this Portfolio of Investments as follows: Government National Mortgage Association, 3.500%-15.000%, maturing 7/15/10 to 3/20/40, which had a total value of $47,899,770.

At March 31, 2010, the Portfolio had the following futures contracts open: (Note 1)

 

     Number of
Contracts		    Expiration
Date		    Original
Value		    Value at
3/31/2010		    Unrealized
Appreciation/
(Depreciation)		  

Purchases

               

Russell 2000 Mini Index

    40    June-10    $ 2,731,692    $ 2,708,400    $ (23,292 ) 

S&P 500 E-Mini Index

    332    June-10      19,300,999      19,342,320      41,321   
                    
               $ 18,029   
                    

 

See Notes to Portfolio of Investments.

191

EQ ADVISORS TRUST

EQ/COMMON STOCK INDEX PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

The following is a summary of the inputs used to value the Portfolio’s assets and liabilities carried at fair value as of March 31, 2010:

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, money market securities are valued using amortized cost, in accordance with rules under the Investment Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active market, such securities are reflected as Level 2.

Various inputs are used in determining the value of the Portfolio’s investments. These inputs are summarized in the three broad levels listed below:

 

Investment Type

    Level 1
Quoted prices in active
markets for identical
securities		     Level 2
Significant other
observable inputs
(including quoted prices
for similar securities,
interest rates,
prepayment speeds,
credit risk, etc.)		    Level 3
Significant unobservable
inputs (including the
Portfolio’s own
assumptions in
determining the fair
value of investments)		    Total  

Assets:

           

Common Stocks

           

Consumer Discretionary

    $ 563,089,121      $ —      $ —      $ 563,089,121   

Consumer Staples

      512,691,858        —        —        512,691,858   

Energy

      517,543,111        —        —        517,543,111   

Financials

      814,701,555        —        —        814,701,555   

Health Care

      634,917,755        —        —        634,917,755   

Industrials

      564,161,248        —        —        564,161,248   

Information Technology

      945,459,743        —        —        945,459,743   

Materials

      204,737,263        —        —        204,737,263   

Telecommunication Services

      134,406,454        —        —        134,406,454   

Utilities

      181,194,669        —        —        181,194,669   

Futures

      41,321        —        —        41,321   

Short-Term Investments

      —          117,956,273      —        117,956,273   
                              

Total Assets

    $ 5,072,944,098      $ 117,956,273    $ —      $ 5,190,900,371   
                              

Liabilities:

           

Futures

    $ (23,292 )    $ —      $ —      $ (23,292 ) 
                              

Total Liabilities

    $ (23,292 )    $ —      $ —      $ (23,292 ) 
                              

Total

    $ 5,072,920,806      $ 117,956,273    $ —      $ 5,190,877,079   
                              

Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:

 

     Investments in
Securities-Financials		  

Balance as of 12/31/09

    $ 3,023   

Total gains or losses (realized/unrealized) included in earnings

      (3,023 ) 

Purchases, sales, issuances, and settlements (net)

      —     

Transfers into Level 3

      —     

Transfers out of Level 3

      —     

Balance as of 3/31/10

    $ —     
        

The amount of total gains or losses for the year included in earnings attributable to the change in unrealized gains or losses relating to assets and liabilities still held at period ending 3/31/10.

    $ —     
        

 

See Notes to Portfolio of Investments.

192

EQ ADVISORS TRUST

EQ/COMMON STOCK INDEX PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

Investment security transactions for the three months ended March 31, 2010 were as follows:

 

Cost of Purchases:

   

Stocks and long-term corporate debt securities

    $ 57,611,590

Net Proceeds of Sales and Redemptions:

   

Stocks and long-term corporate debt securities

    $ 173,410,985

As of March 31, 2010, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investments for Federal income tax purposes was as follows:

 

Aggregate gross unrealized appreciation

    $ 1,213,642,320   

Aggregate gross unrealized depreciation

      (515,298,489 ) 
        

Net unrealized appreciation

    $ 698,343,831   
        

Federal income tax cost of investments

    $ 4,492,515,219   
        

At March 31, 2010, the Portfolio had loaned securities with a total value of $94,106,361. This was secured by collateral of $96,958,498, which was received as cash and subsequently invested in short-term investments currently valued at $89,152,997, as reported in the Portfolio of Investments.

The Portfolio has a net capital loss carryforward of $2,894,789,060 of which $669,460,381 expires in the year 2010, $6,931,676 expires in the year 2015, $529,022,662 expires in the year 2016 and $1,689,374,341 expires in the year 2017.

 

See Notes to Portfolio of Investments.

193

EQ ADVISORS TRUST

EQ/CORE BOND INDEX PORTFOLIO

PORTFOLIO OF INVESTMENTS

March 31, 2010 (Unaudited)

 

     Principal
Amount		    Value
(Note 1)

LONG-TERM DEBT SECURITIES:

      

Asset-Backed and Mortgage-Backed Securities (3.5%)

      

Asset-Backed Securities (0.3%)

      

AEP Texas Central Transition Funding LLC,
Series 2002-1 A4

      

5.170%, 1/1/18

    $ 365,000    $ 398,250

Series 2002-1 A5

      

6.250%, 1/15/17

      350,000      400,544

Capital One Multi-Asset Execution Trust,
Series 2005-A7 A7

      

4.700%, 6/15/15

      500,000      533,225

Series 2006-A10 A10

      

5.150%, 6/16/14

      100,000      105,427

Series 2007-A7 A7

      

5.750%, 7/15/20

      200,000      222,677

Series 2009-A2 A2

      

3.200%, 4/15/14

      1,500,000      1,538,781

Chase Issuance Trust,
Series 2007-A17 A

      

5.120%, 10/15/14

      1,500,000      1,623,679

Series 2008-A9 A9

      

4.260%, 5/15/13

      750,000      778,314

Series 2009-A3 A3

      

2.400%, 6/17/13

      995,000      1,012,765

Citibank Credit Card Issuance Trust,
Series 2003-A10 A10

      

4.750%, 12/10/15

      250,000      269,363

Series 2003-A7 A7

      

4.150%, 7/7/17

      600,000      625,146

Series 2005-A2 A2

      

4.850%, 3/10/17

      500,000      538,532

Series 2006-A3 A3

      

5.300%, 3/15/18

      1,350,000      1,477,577

Series 2006-A4 A4

      

5.450%, 5/10/13

      250,000      262,423

Series 2007-A8 A8

      

5.650%, 9/20/19

      750,000      833,033

Series 2008-A1 A1

      

5.350%, 2/7/20

      600,000      653,564

Series 2009-A4 A4

      

4.900%, 6/23/16

      1,200,000      1,298,865

Series 2009-A5 A5

      

2.250%, 12/23/14

      250,000      251,895

Daimler Chrysler Auto Trust,
Series 2007-A A4

      

5.280%, 3/8/13

      250,000      262,758

Ford Credit Auto Owner Trust,
Series 2007-B A4A

      

5.240%, 7/15/12

      100,000      104,620

Nissan Auto Receivables Owner Trust,
Series 2007-B A4

      

5.160%, 3/17/14

      950,000      989,638

Series 2008-A A4

      

4.280%, 6/16/14

      250,000      259,545

PG&E Energy Recovery Funding LLC,
Series 2005-1 A5

      

4.470%, 12/25/14

      650,000      693,774

USAA Auto Owner Trust,
Series 2008-1 A4

      

4.500%, 10/15/13

      350,000      364,894

Series 2009-2 A4

      

2.530%, 7/15/15

      200,000      202,016
         
        15,701,305
         

Non-Agency CMO (3.2%)

      

Banc of America Commercial Mortgage, Inc.,
Series 2004-6 A3

      

4.512%, 12/10/42

    $ 3,000,000    $ 3,074,134

Series 2005-1 A4

      

5.039%, 11/10/42(l)

      2,700,000      2,786,801

Series 2005-4 A2

      

4.764%, 7/10/45

      274,089      276,441

Series 2006-4 A4

      

5.634%, 7/10/46

      50,000      50,830

Series 2006-6 A4

      

5.356%, 10/10/45

      750,000      761,268

Series 2007-2 A4

      

5.689%, 4/10/49(l)

      3,375,000      3,222,823

Series 2007-3 A4

      

5.658%, 6/10/49(l)

      3,390,000      3,021,930

Series 2007-4 A4

      

5.744%, 2/10/51(l)

      1,000,000      951,399

Bank of America-First Union NB Commercial Mortgage,
Series 2001-3 A2

      

5.464%, 4/11/37

      1,237,647      1,276,724

Bear Stearns Commercial Mortgage Securities, Inc.,
Series 2001-TOP4 A3

      

5.610%, 11/15/33

      3,000,000      3,108,843

Series 2004-T16 A6

      

4.750%, 2/13/46(l)

      2,560,000      2,582,996

Series 2005-PW10 A4

      

5.405%, 12/11/40(l)

      175,000      181,704

Series 2005-PWR7 A3

      

5.116%, 2/11/41(l)

      3,105,000      3,120,127

Series 2005-PWR8 A4

      

4.674%, 6/11/41

      1,000,000      1,002,789

Series 2006-T24 A4

      

5.537%, 10/12/41

      750,000      752,486

Series 2007-PW16 A4

      

5.719%, 6/11/40(l)

      1,250,000      1,196,819

Chase Commercial Mortgage Securities Corp.,
Series 2000-3 A2

      

7.319%, 10/15/32

      336,255      341,224

Citigroup Commercial Mortgage Trust, Inc.,
Series 2006-C5 A4

      

5.431%, 10/15/49

      1,250,000      1,261,087

Series 2007-C6 A4

      

5.699%, 12/10/49(l)

      1,650,000      1,603,889

Citigroup/Deutsche Bank Commercial Mortgage Trust,
Series 2007-CD4 A4

      

5.322%, 12/11/49

      100,000      96,289

Commercial Mortgage Pass Through Certificates,
Series 2005-LP5 A4

      

4.982%, 5/10/43(l)

      2,610,000      2,671,627

Credit Suisse Mortgage Capital Certificates,
Series 2006-C2 A2

      

5.658%, 3/15/39(l)

      250,000      254,165

Series 2006-C3 A3

      

5.826%, 6/15/38(l)

      100,000      100,416

Series 2006-C4 A3

      

5.467%, 9/15/39

      2,090,000      1,957,726

CS First Boston Mortgage Securities Corp.,
Series 2001-CK6 A3

      

6.387%, 8/15/36

      1,077,629      1,129,790

Series 2004-C1 A4

      

4.750%, 1/15/37(l)

      250,000      256,543

 

See Notes to Portfolio of Investments.

194

EQ ADVISORS TRUST

EQ/CORE BOND INDEX PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Principal
Amount		    Value
(Note 1)

Series 2004-C2 A1

      

3.819%, 5/15/36

    $ 485,634    $ 485,791

Series 2004-C2 A2

      

5.416%, 5/15/36(l)

      750,000      783,784

Series 2004-C4 A6

      

4.691%, 10/15/39

      600,000      609,355

Series 2004-C5 A4

      

4.829%, 11/15/37

      1,000,000      1,004,969

Series 2005-C3 A4

      

4.686%, 7/15/37

      345,000      344,061

CW Capital Cobalt Ltd.,

      

Series 2007-C3 A4

      

5.820%, 5/15/46(l)

      50,000      44,167

GE Capital Commercial Mortgage Corp.,

      

Series 2004-C3 A3

      

4.865%, 7/10/39(l)

      600,000      612,924

Series 2005-C1 A3

      

4.578%, 6/10/48

      1,110,000      1,093,943

Series 2007-C1 A4

      

5.543%, 12/10/49

      2,325,000      2,123,049

GMAC Commercial Mortgage Securities, Inc.,

      

Series 2004-C3 A5

      

4.864%, 12/10/41

      2,700,000      2,703,231

Greenwich Capital Commercial Funding Corp.,

      

Series 2005-GG3 A4

      

4.799%, 8/10/42(l)

      3,450,000      3,520,688

Series 2006-GG7 A4

      

5.886%, 7/10/38(l)

      3,178,000      3,264,391

Series 2007-GG9 A4

      

5.444%, 3/10/39

      2,300,000      2,206,914

GS Mortgage Securities Corp. II,

      

Series 2004-GG2 A6

      

5.396%, 8/10/38(l)

      3,941,000      4,109,737

Series 2005-GG4 A4

      

4.761%, 7/10/39

      2,500,000      2,470,785

Series 2006-GG6 A4

      

5.553%, 4/10/38(l)

      3,372,000      3,381,662

Series 2006-GG8 A2

      

5.479%, 11/10/39

      750,000      761,007

Series 2006-GG8 A4

      

5.560%, 11/10/39

      65,000      61,285

JP Morgan Chase Commercial Mortgage Securities Corp.,
Series 2003-CB7 A4

      

4.879%, 1/12/38(l)

      5,236,000      5,457,736

Series 2005-LDP1 A3

      

4.865%, 3/15/46

      3,000,000      3,019,143

Series 2005-LDP2 A3

      

4.697%, 7/15/42

      200,000      203,059

Series 2005-LDP3 A4B

      

4.996%, 8/15/42(l)

      1,275,000      1,155,737

Series 2005-LDP4 A3A1

      

4.871%, 10/15/42

      700,000      706,638

Series 2006-CB15 A4

      

5.814%, 6/12/43(l)

      3,285,000      3,298,059

Series 2006-CB16 A4

      

5.552%, 5/12/45

      1,000,000      1,010,060

Series 2006-LDP9 A1S

      

5.284%, 5/15/47

      2,703,575      2,791,168

Series 2007-CB18 A4

      

5.440%, 6/12/47^

      1,960,000      1,926,500

JP Morgan Commercial Mortgage Finance Corp.,
Series 2000-C10 A2

      

7.371%, 8/15/32(l)

      11,260      11,303

LB-UBS Commercial Mortgage Trust,
Series 2004-C2 A4

      

4.367%, 3/15/36

    $ 3,590,000    $ 3,644,369

Series 2004-C8 A4

      

4.510%, 12/15/29

      1,611,000      1,637,846

Series 2005-C3 A5

      

4.739%, 7/15/30

      200,000      202,701

Series 2005-C7 A4

      

5.197%, 11/15/30(l)

      300,000      309,560

Series 2006-C1 A4

      

5.156%, 2/15/31

      2,500,000      2,583,678

Series 2007-C6 A4

      

5.858%, 7/15/40(l)

      2,650,000      2,584,403

Series 2007-C7 A3

      

5.866%, 9/15/45(l)

      3,480,000      3,472,199

Merrill Lynch Mortgage Trust,
Series 2004-KEY2 A4

      

4.864%, 8/12/39(l)

      2,820,000      2,835,784

Series 2005-MCP1 A4

      

4.747%, 6/12/43(l)

      130,000      132,168

Series 2007-C1 A4

      

5.827%, 6/12/50(l)

      2,825,000      2,774,390

Series 2008-C1 A3

      

5.710%, 2/12/51

      300,000      305,308

Merrill Lynch/Countrywide Commercial Mortgage Trust,
Series 2006-4 A3

      

5.172%, 12/12/49(l)

      100,000      97,204

Series 2007-5 A4

      

5.378%, 8/12/48

      4,150,000      3,466,284

Series 2007-6 A4

      

5.485%, 3/12/51(l)

      2,750,000      2,362,270

Morgan Stanley Capital I, Inc.,
Series 2003-T11 A4

      

5.150%, 6/13/41

      200,000      207,476

Series 2004-IQ8 A5

      

5.110%, 6/15/40(l)

      630,000      653,637

Series 2005-HQ5 A4

      

5.168%, 1/14/42

      1,194,000      1,237,919

Series 2005-IQ9 A5

      

4.700%, 7/15/56

      3,800,000      3,836,919

Series 2006-HQ8 A3

      

5.438%, 3/12/44(l)

      1,000,000      1,015,824

Series 2007-HQ12 A5

      

5.631%, 4/12/49(l)

      1,540,000      1,505,489

Series 2007-IQ14 A2

      

5.610%, 4/15/49^

      2,500,000      2,530,141

Series 2007-IQ14 A4

      

5.692%, 4/15/49(l)

      85,000      77,975

Series 2007-T25 A3

      

5.514%, 11/12/49(l)

      4,150,000      4,123,087

Morgan Stanley Dean Witter Capital I,
Series 2001-TOP3 A4

      

6.390%, 7/15/33

      904,752      937,456

Series 2001-TOP5 A4

      

6.390%, 10/15/35

      933,092      977,421

TIAA Seasoned Commercial Mortgage Trust,
Series 2007-C4 A3

      

6.072%, 8/15/39(l)

      1,015,000      1,061,759

Wachovia Bank Commercial Mortgage Trust,
Series 2003-C8 A4

      

4.964%, 11/15/35(l)

      2,765,000      2,872,009

Series 2003-C9 A4

      

5.012%, 12/15/35(l)

      250,000      256,074

 

See Notes to Portfolio of Investments.

195

EQ ADVISORS TRUST

EQ/CORE BOND INDEX PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Principal
Amount		    Value
(Note 1)

Series 2004-C11 A5

      

5.215%, 1/15/41(l)

    $ 1,002,000    $ 1,020,843

Series 2006-C27 A3

      

5.765%, 7/15/45(l)

      85,000      86,915

Series 2006-C27 AM

      

5.795%, 7/15/45(l)

      500,000      404,644

Series 2007-C30 A5

      

5.342%, 12/15/43

      175,000      149,470

Series 2007-C31 A2

      

5.421%, 4/15/47

      3,250,000      3,315,526

Series 2007-C33 A4

      

5.902%, 2/15/51(l)

      1,757,000      1,638,391
         
        140,519,155
         

Total Asset-Backed and Mortgage-Backed Securities

         156,220,460
         

Corporate Bonds (20.5%)

      

Consumer Discretionary (1.3%)

      

Auto Components (0.0%)

      

Johnson Controls, Inc.

      

5.000%, 3/30/20

    $ 50,000      49,880
         

Automobiles (0.0%)

      

Daimler Finance N.A. LLC

      

5.750%, 9/8/11

      500,000      527,022

6.500%, 11/15/13

      1,232,000      1,365,844

8.500%, 1/18/31

      30,000      36,626
         
        1,929,492
         

Hotels, Restaurants & Leisure (0.1%)

      

International Game Technology

      

7.500%, 6/15/19

      150,000      169,896

Marriott International, Inc.

      

5.625%, 2/15/13

      500,000      531,982

McDonald’s Corp.

      

4.300%, 3/1/13

      250,000      266,330

5.350%, 3/1/18

      500,000      542,224

5.000%, 2/1/19

      750,000      787,028

6.300%, 3/1/38

      507,000      550,710

Yum! Brands, Inc.

      

6.875%, 11/15/37

      1,045,000      1,134,667
         
        3,982,837
         

Household Durables (0.1%)

      

Fortune Brands, Inc.

      

3.000%, 6/1/12

      300,000      300,602

6.375%, 6/15/14

      300,000      328,315

5.375%, 1/15/16

      500,000      520,927

Newell Rubbermaid, Inc.

      

10.600%, 4/15/19

      95,000      125,333

Toll Brothers Finance Corp.

      

8.910%, 10/15/17

      400,000      456,218

6.750%, 11/1/19

      250,000      252,605

Whirlpool Corp.

      

8.000%, 5/1/12

      225,000      247,288

5.500%, 3/1/13

      500,000      523,372
         
        2,754,660
         

Leisure Equipment & Products (0.0%)

      

Hasbro, Inc.

      

6.350%, 3/15/40

      155,000      153,147
         

Media (0.9%)

      

CBS Corp.

      

5.625%, 8/15/12

      500,000      539,356

4.625%, 5/15/18

      45,000      42,789

8.875%, 5/15/19

      250,000      302,001

5.750%, 4/15/20

    $ 70,000    $ 70,301

7.875%, 7/30/30

      581,000      640,286

Comcast Cable Communications Holdings, Inc.

      

8.375%, 3/15/13

      1,073,000      1,243,762

Comcast Corp.

      

6.500%, 1/15/15

      300,000      337,695

5.900%, 3/15/16

      1,046,000      1,142,638

5.700%, 5/15/18

      800,000      848,232

5.700%, 7/1/19

      1,050,000      1,096,404

7.050%, 3/15/33

      250,000      268,856

6.500%, 11/15/35

      1,000,000      1,024,276

6.450%, 3/15/37

      465,000      473,540

6.950%, 8/15/37

      1,142,000      1,235,436

6.550%, 7/1/39

      550,000      569,172

COX Communications, Inc.

      

4.625%, 6/1/13

      800,000      845,835

5.450%, 12/15/14

      545,000      589,116

DIRECTV Holdings LLC

      

3.550%, 3/15/15§

      190,000      186,950

5.200%, 3/15/20§

      265,000      260,894

6.350%, 3/15/40§

      80,000      79,413

DIRECTV Holdings LLC/DIRECTV Financing Co., Inc.

      

4.750%, 10/1/14§

      300,000      313,414

7.625%, 5/15/16

      786,000      880,320

5.875%, 10/1/19§

      500,000      520,344

Grupo Televisa S.A.

      

6.000%, 5/15/18

      600,000      620,046

Historic TW, Inc.

      

6.625%, 5/15/29

      500,000      527,190

McGraw-Hill Cos., Inc.

      

6.550%, 11/15/37

      200,000      214,167

News America Holdings, Inc.

      

9.250%, 2/1/13

      676,000      794,323

News America, Inc.

      

6.900%, 3/1/19

      250,000      284,116

6.200%, 12/15/34

      35,000      34,908

6.150%, 3/1/37

      471,000      464,265

6.650%, 11/15/37

      800,000      841,364

7.850%, 3/1/39

      500,000      593,393

Omnicom Group, Inc.

      

6.250%, 7/15/19

      300,000      324,985

Reed Elsevier Capital, Inc.

      

8.625%, 1/15/19

      750,000      935,667

Thomson Reuters Corp.

      

5.700%, 10/1/14

      870,000      961,750

6.500%, 7/15/18

      500,000      564,249

4.700%, 10/15/19

      300,000      301,530

Time Warner Cable, Inc.

      

5.400%, 7/2/12

      500,000      536,751

6.200%, 7/1/13

      1,400,000      1,544,890

7.500%, 4/1/14

      500,000      577,227

5.850%, 5/1/17

      960,000      1,027,921

6.750%, 7/1/18

      500,000      558,681

8.250%, 4/1/19

      750,000      907,566

5.000%, 2/1/20

      440,000      433,832

6.550%, 5/1/37

      95,000      97,100

7.300%, 7/1/38

      775,000      862,516

6.750%, 6/15/39

      500,000      524,503

Time Warner Entertainment Co. LP

      

8.375%, 3/15/23

      500,000      610,221

Time Warner, Inc.

      

6.875%, 5/1/12

      1,585,000      1,743,428

5.875%, 11/15/16

      472,000      515,679

7.700%, 5/1/32

      1,999,000      2,307,190

 

See Notes to Portfolio of Investments.

196

EQ ADVISORS TRUST

EQ/CORE BOND INDEX PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Principal
Amount		    Value
(Note 1)

6.500%, 11/15/36

    $ 500,000    $ 513,634

Viacom, Inc.

      

4.375%, 9/15/14

      200,000      206,638

5.625%, 9/15/19

      700,000      727,084

6.875%, 4/30/36

      500,000      530,092

Walt Disney Co.

      

6.375%, 3/1/12

      60,000      65,755

4.500%, 12/15/13

      2,500,000      2,692,317

5.500%, 3/15/19

      500,000      542,960
         
        38,498,968
         

Multiline Retail (0.1%)

      

Kohl’s Corp.

      

6.250%, 12/15/17

      440,000      489,501

Nordstrom, Inc.

      

6.750%, 6/1/14

      200,000      224,580

Target Corp.

      

5.125%, 1/15/13

      800,000      868,595

6.000%, 1/15/18

      1,250,000      1,399,473

6.350%, 11/1/32

      25,000      26,580

6.500%, 10/15/37

      500,000      544,121

7.000%, 1/15/38

      1,000,000      1,155,929
         
        4,708,779
         

Specialty Retail (0.1%)

      

Home Depot, Inc.

      

5.250%, 12/16/13

      1,035,000      1,120,764

5.400%, 3/1/16

      1,442,000      1,558,222

5.875%, 12/16/36

      789,000      765,667

Lowe’s Cos., Inc.

      

5.000%, 10/15/15

      500,000      547,432

5.400%, 10/15/16

      20,000      21,779

5.800%, 10/15/36

      463,000      466,122

Staples, Inc.

      

7.750%, 4/1/11

      1,000,000      1,061,060

9.750%, 1/15/14

      500,000      606,165

TJX Cos., Inc.

      

4.200%, 8/15/15

      200,000      211,540

6.950%, 4/15/19

      285,000      336,774
         
        6,695,525
         

Total Consumer Discretionary

         58,773,288
         

Consumer Staples (1.6%)

      

Beverages (0.5%)

      

Anheuser-Busch Cos., Inc.

      

5.050%, 10/15/16

      1,000,000      1,049,847

5.750%, 4/1/36

      30,000      28,980

6.450%, 9/1/37

      612,000      652,206

Anheuser-Busch InBev Worldwide, Inc.

      

3.000%, 10/15/12

      2,250,000      2,310,388

4.125%, 1/15/15

      1,250,000      1,286,124

5.375%, 1/15/20

      2,250,000      2,321,057

6.375%, 1/15/40

      500,000      533,679

Bottling Group LLC

      

4.625%, 11/15/12

      159,000      170,700

6.950%, 3/15/14

      700,000      810,396

5.125%, 1/15/19

      500,000      523,893

Coca-Cola Co.

      

3.625%, 3/15/14

      200,000      208,055

5.350%, 11/15/17

      460,000      506,067

4.875%, 3/15/19

      500,000      520,013

Coca-Cola Enterprises, Inc.

      

7.375%, 3/3/14

      600,000      701,053

8.500%, 2/1/22

      1,000,000      1,293,722

6.950%, 11/15/26

      35,000      41,452

6.750%, 9/15/28

      466,000      534,715

Diageo Capital plc

      

7.375%, 1/15/14

    $ 1,000,000    $ 1,162,931

5.750%, 10/23/17

      580,000      628,424

Diageo Finance B.V.

      

3.875%, 4/1/11

      300,000      308,324

3.250%, 1/15/15

      400,000      401,555

5.300%, 10/28/15

      910,000      999,091

Dr. Pepper Snapple Group, Inc.

      

1.700%, 12/21/11

      200,000      200,511

2.350%, 12/21/12

      200,000      201,418

6.820%, 5/1/18

      550,000      628,325

Pepsi Bottling Group, Inc.
Series B

      

7.000%, 3/1/29

      200,000      235,757

PepsiAmericas, Inc.

      

4.375%, 2/15/14

      250,000      264,294

PepsiCo, Inc.

      

4.650%, 2/15/13

      212,000      228,686

3.750%, 3/1/14

      1,250,000      1,306,924

7.900%, 11/1/18

      600,000      743,132

4.500%, 1/15/20

      1,000,000      1,011,313

5.500%, 1/15/40

      200,000      198,016
         
        22,011,048
         

Food & Staples Retailing (0.4%)

      

Costco Wholesale Corp.

      

5.300%, 3/15/12

      300,000      322,270

5.500%, 3/15/17

      360,000      395,051

CVS Caremark Corp.

      

5.750%, 6/1/17

      1,000,000      1,078,391

6.600%, 3/15/19

      500,000      559,008

6.250%, 6/1/27

      486,000      504,683

6.125%, 9/15/39

      500,000      496,939

Delhaize America, Inc.

      

9.000%, 4/15/31

      250,000      318,027

Delhaize Group

      

5.875%, 2/1/14

      250,000      273,363

Kroger Co.

      

7.500%, 1/15/14

      1,000,000      1,154,695

4.950%, 1/15/15

      90,000      95,444

3.900%, 10/1/15

      500,000      506,133

6.400%, 8/15/17

      250,000      277,942

8.000%, 9/15/29

      500,000      609,237

6.900%, 4/15/38

      400,000      446,197

Safeway, Inc.

      

5.800%, 8/15/12

      950,000      1,036,041

7.250%, 2/1/31

      200,000      228,734

Sysco Corp.

      

5.250%, 2/12/18

      1,000,000      1,065,289

Walgreen Co.

      

4.875%, 8/1/13

      500,000      544,330

5.250%, 1/15/19

      500,000      531,376

Wal-Mart Stores, Inc.

      

5.000%, 4/5/12

      1,874,000      2,009,996

4.550%, 5/1/13

      1,000,000      1,075,231

3.200%, 5/15/14

      300,000      307,595

4.125%, 2/1/19

      750,000      749,753

5.250%, 9/1/35

      1,045,000      998,410

6.500%, 8/15/37

      1,560,000      1,729,430
         
        17,313,565
         

Food Products (0.4%)

      

Archer-Daniels-Midland Co.

      

5.375%, 9/15/35

      35,000      33,708

Bunge Ltd. Finance Corp.

      

8.500%, 6/15/19

      565,000      656,820

 

See Notes to Portfolio of Investments.

197

EQ ADVISORS TRUST

EQ/CORE BOND INDEX PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Principal
Amount		    Value
(Note 1)

Campbell Soup Co.

      

5.000%, 12/3/12

    $ 500,000    $ 544,245

3.375%, 8/15/14

      200,000      205,428

4.500%, 2/15/19

      382,000      388,688

ConAgra Foods, Inc.

      

6.750%, 9/15/11

      1,060,000      1,139,055

General Mills, Inc.

      

6.000%, 2/15/12

      949,000      1,032,546

5.650%, 2/15/19

      500,000      536,309

H.J. Heinz Co.

      

5.350%, 7/15/13

      400,000      433,741

Hershey Co.

      

4.850%, 8/15/15

      452,000      477,210

Kellogg Co.

      

4.250%, 3/6/13

      1,500,000      1,584,672

7.450%, 4/1/31

      25,000      30,420

Kraft Foods, Inc.

      

5.625%, 11/1/11

      60,000      63,726

6.250%, 6/1/12

      951,000      1,040,750

6.000%, 2/11/13

      300,000      329,266

5.250%, 10/1/13

      115,000      124,428

6.750%, 2/19/14

      750,000      843,358

4.125%, 2/9/16

      300,000      303,992

6.125%, 2/1/18

      1,312,000      1,435,840

5.375%, 2/10/20

      900,000      914,719

6.500%, 11/1/31

      500,000      514,667

7.000%, 8/11/37

      700,000      768,312

6.500%, 2/9/40

      900,000      932,653

Ralcorp Holdings, Inc.

      

6.625%, 8/15/39§

      200,000      198,825

Sara Lee Corp.

      

6.250%, 9/15/11

      500,000      531,293

Unilever Capital Corp.

      

5.900%, 11/15/32

      500,000      523,210
         
        15,587,881
         

Household Products (0.1%)

      

Clorox Co.

      

5.450%, 10/15/12

      940,000      1,019,313

3.550%, 11/1/15

      200,000      202,690

5.950%, 10/15/17

      50,000      54,728

Kimberly-Clark Corp.

      

7.500%, 11/1/18

      700,000      850,151

6.625%, 8/1/37

      100,000      114,091

Procter & Gamble Co.

      

1.375%, 8/1/12

      300,000      300,041

4.600%, 1/15/14

      800,000      859,545

4.950%, 8/15/14

      525,000      573,839

4.700%, 2/15/19

      1,200,000      1,230,649

5.550%, 3/5/37

      1,019,000      1,030,362
         
        6,235,409
         

Personal Products (0.0%)

      

Avon Products, Inc.

      

5.625%, 3/1/14

      700,000      767,535

Estee Lauder Cos., Inc.

      

7.750%, 11/1/13

      500,000      581,210

Procter & Gamble International Funding

      

1.350%, 8/26/11

      500,000      503,614
         
        1,852,359
         

Tobacco (0.2%)

      

Altria Group, Inc.

      

8.500%, 11/10/13

      948,000      1,108,106

9.700%, 11/10/18

      1,075,000      1,321,851

9.250%, 8/6/19

      500,000      607,566

9.950%, 11/10/38

      500,000      656,581

10.200%, 2/6/39

    $ 500,000    $ 670,344

Lorillard Tobacco Co.

      

8.125%, 6/23/19

      300,000      330,509

Philip Morris International, Inc.

      

4.875%, 5/16/13

      200,000      214,822

6.875%, 3/17/14

      500,000      572,559

5.650%, 5/16/18

      956,000      1,029,298

6.375%, 5/16/38

      500,000      544,005

Reynolds American, Inc.

      

6.750%, 6/15/17

      1,400,000      1,499,518
         
        8,555,159
         

Total Consumer Staples

         71,555,421
         

Energy (1.7%)

      

Energy Equipment & Services (0.1%)

      

Diamond Offshore Drilling, Inc.

      

5.875%, 5/1/19

      205,000      222,613

5.700%, 10/15/39

      500,000      490,194

Halliburton Co.

      

6.150%, 9/15/19

      250,000      280,212

6.700%, 9/15/38

      500,000      557,035

7.450%, 9/15/39

      250,000      305,025

Rowan Cos., Inc.

      

7.875%, 8/1/19

      190,000      217,610

Transocean, Inc.

      

6.000%, 3/15/18

      476,000      518,150

6.800%, 3/15/38

      200,000      224,579

Weatherford International Ltd.

      

5.500%, 2/15/16

      519,000      553,031

9.625%, 3/1/19

      1,000,000      1,265,367

7.000%, 3/15/38

      500,000      528,649
         
        5,162,465
         

Oil, Gas & Consumable Fuels (1.6%)

      

Alberta Energy Co., Ltd.

      

8.125%, 9/15/30

      444,000      529,655

Anadarko Petroleum Corp.

      

5.950%, 9/15/16

      1,202,000      1,309,544

8.700%, 3/15/19

      289,000      357,545

6.450%, 9/15/36

      800,000      815,312

7.950%, 6/15/39

      100,000      120,202

Apache Corp.

      

5.250%, 4/15/13

      1,000,000      1,088,065

6.000%, 1/15/37

      532,000      559,761

Buckeye Partners LP

      

5.500%, 8/15/19

      300,000      303,698

Canadian Natural Resources Ltd.

      

5.700%, 5/15/17

      487,000      519,659

6.450%, 6/30/33

      500,000      514,159

6.250%, 3/15/38

      600,000      620,428

Cenovus Energy, Inc.

      

4.500%, 9/15/14§

      250,000      260,824

5.700%, 10/15/19§

      500,000      525,756

6.750%, 11/15/39§

      500,000      542,282

Chevron Corp.

      

3.450%, 3/3/12

      500,000      520,508

3.950%, 3/3/14

      500,000      522,175

4.950%, 3/3/19

      1,000,000      1,056,745

Conoco Funding Co.

      

6.350%, 10/15/11

      1,000,000      1,078,714

Conoco, Inc.

      

6.950%, 4/15/29

      540,000      619,814

ConocoPhillips

      

4.400%, 5/15/13

      1,840,000      1,952,995

4.750%, 2/1/14

      1,000,000      1,075,325

 

See Notes to Portfolio of Investments.

198

EQ ADVISORS TRUST

EQ/CORE BOND INDEX PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Principal
Amount		    Value
(Note 1)

5.750%, 2/1/19

    $ 1,000,000    $ 1,090,098

6.500%, 2/1/39

      1,350,000      1,508,028

Devon Energy Corp.

      

6.300%, 1/15/19

      500,000      558,083

7.950%, 4/15/32

      500,000      628,340

Devon Financing Corp. ULC

      

6.875%, 9/30/11

      962,000      1,038,010

7.875%, 9/30/31

      60,000      74,494

El Paso Natural Gas Co.

      

8.375%, 6/15/32

      500,000      585,176

Enbridge Energy Partners LP

      

9.875%, 3/1/19

      300,000      389,833

Enbridge, Inc.

      

5.800%, 6/15/14

      500,000      551,003

EnCana Corp.

      

4.750%, 10/15/13

      463,000      495,852

6.500%, 5/15/19

      85,000      94,805

6.500%, 8/15/34

      500,000      529,953

6.500%, 2/1/38

      600,000      638,840

Energy Transfer Partners LP

      

6.000%, 7/1/13

      500,000      540,506

6.700%, 7/1/18

      459,000      501,390

9.000%, 4/15/19

      700,000      859,538

Enterprise Products Operating LLC

      

9.750%, 1/31/14

      1,375,000      1,669,656

5.600%, 10/15/14

      55,000      59,531

6.875%, 3/1/33

      500,000      535,202

6.650%, 10/15/34

      250,000      260,210

6.125%, 10/15/39

      150,000      147,484

EOG Resources, Inc.

      

5.625%, 6/1/19

      260,000      279,046

Hess Corp.

      

8.125%, 2/15/19

      750,000      914,213

7.300%, 8/15/31

      666,000      758,901

Husky Energy, Inc.

      

5.900%, 6/15/14

      170,000      185,008

7.250%, 12/15/19

      100,000      115,830

6.800%, 9/15/37

      1,000,000      1,086,008

Kerr-McGee Corp.

      

6.950%, 7/1/24

      85,000      94,550

Kinder Morgan Energy Partners LP

      

7.125%, 3/15/12

      60,000      65,694

5.000%, 12/15/13

      500,000      536,041

5.625%, 2/15/15

      1,135,000      1,230,759

6.000%, 2/1/17

      535,000      574,562

6.850%, 2/15/20

      1,290,000      1,447,156

7.400%, 3/15/31

      500,000      562,198

6.950%, 1/15/38

      500,000      541,615

Magellan Midstream Partners LP

      

6.450%, 6/1/14

      200,000      222,119

6.550%, 7/15/19

      100,000      110,755

Marathon Oil Corp.

      

6.125%, 3/15/12

      100,000      108,847

6.500%, 2/15/14

      500,000      560,589

7.500%, 2/15/19

      500,000      587,302

6.600%, 10/1/37

      500,000      524,867

Nabors Industries, Inc.

      

9.250%, 1/15/19

      500,000      621,939

Nexen, Inc.

      

5.650%, 5/15/17

      250,000      263,379

6.200%, 7/30/19

      60,000      64,689

5.875%, 3/10/35

      725,000      689,350

7.500%, 7/30/39

      235,000      268,060

Noble Energy, Inc.

      

8.250%, 3/1/19

      500,000      605,552

Occidental Petroleum Corp.

      

7.000%, 11/1/13

    $ 500,000    $ 579,173

4.125%, 6/1/16

      300,000      309,086

ONEOK Partners LP

      

8.625%, 3/1/19

      1,500,000      1,852,269

PC Financial Partnership

      

5.000%, 11/15/14

      600,000      633,007

Pemex Project Funding Master Trust

      

6.625%, 6/15/35

      470,000      463,037

Petrobras International Finance Co.

      

6.125%, 10/6/16

      500,000      538,613

7.875%, 3/15/19

      1,500,000      1,754,337

5.750%, 1/20/20

      1,000,000      1,024,491

6.875%, 1/20/40

      500,000      516,092

Petro-Canada, Inc.

      

6.800%, 5/15/38

      500,000      534,975

Petroleos Mexicanos

      

4.875%, 3/15/15§

      500,000      513,500

8.000%, 5/3/19

      1,500,000      1,758,750

6.000%, 3/5/20§

      240,000      246,000

Plains All American Pipeline LP

      

6.650%, 1/15/37

      479,000      496,694

Shell International Finance B.V.

      

5.625%, 6/27/11

      750,000      794,263

1.875%, 3/25/13

      185,000      184,819

4.000%, 3/21/14

      950,000      999,711

3.250%, 9/22/15

      500,000      502,486

4.300%, 9/22/19

      1,000,000      985,998

4.375%, 3/25/20

      325,000      322,198

6.375%, 12/15/38

      600,000      660,724

Spectra Energy Capital LLC

      

6.200%, 4/15/18

      500,000      539,186

7.500%, 9/15/38

      150,000      170,082

Statoil ASA

      

5.250%, 4/15/19

      715,000      746,692

7.750%, 6/15/23

      25,000      31,075

Suncor Energy, Inc.

      

6.100%, 6/1/18

      500,000      538,742

5.950%, 12/1/34

      500,000      491,265

6.850%, 6/1/39

      500,000      538,761

Sunoco, Inc.

      

9.625%, 4/15/15

      500,000      601,496

Talisman Energy, Inc.

      

7.750%, 6/1/19

      150,000      178,733

Tennessee Gas Pipeline Co.

      

7.625%, 4/1/37

      25,000      27,643

Trans-Canada Pipelines Ltd.

      

7.125%, 1/15/19

      750,000      878,711

5.600%, 3/31/34

      25,000      24,271

6.200%, 10/15/37

      750,000      777,608

7.625%, 1/15/39

      1,750,000      2,132,492

Valero Energy Corp.

      

4.500%, 2/1/15

      90,000      90,165

6.125%, 6/15/17

      500,000      520,445

9.375%, 3/15/19

      750,000      892,902

6.125%, 2/1/20

      135,000      135,034

7.500%, 4/15/32

      435,000      448,319

6.625%, 6/15/37

      345,000      328,114

XTO Energy, Inc.

      

6.250%, 4/15/13

      750,000      837,405

5.750%, 12/15/13

      500,000      557,044

6.500%, 12/15/18

      500,000      577,073

6.750%, 8/1/37

      1,000,000      1,170,801

 

See Notes to Portfolio of Investments.

199

EQ ADVISORS TRUST

EQ/CORE BOND INDEX PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Principal
Amount		    Value
(Note 1)

6.375%, 6/15/38

    $ 80,000    $ 89,590
         
        69,662,099
         

Total Energy

         74,824,564
         

Financials (8.7%)

      

Capital Markets (1.7%)

      

Bank of New York Mellon Corp.

      

4.950%, 11/1/12

      1,800,000      1,951,553

5.125%, 8/27/13

      250,000      272,826

4.300%, 5/15/14

      785,000      826,365

Bear Stearns Cos. LLC

      

6.950%, 8/10/12

      2,900,000      3,212,733

5.300%, 10/30/15

      586,000      623,849

5.550%, 1/22/17

      2,040,000      2,119,240

6.400%, 10/2/17

      1,000,000      1,104,716

7.250%, 2/1/18

      2,070,000      2,392,278

BlackRock, Inc.

      

3.500%, 12/10/14

      400,000      404,914

5.000%, 12/10/19

      600,000      600,615

Charles Schwab Corp.

      

4.950%, 6/1/14

      750,000      799,671

Deutsche Bank AG/London

      

5.375%, 10/12/12

      2,003,000      2,179,757

2.375%, 1/11/13

      400,000      400,679

6.000%, 9/1/17

      1,000,000      1,096,445

Goldman Sachs Capital I

      

6.345%, 2/15/34

      1,294,000      1,194,823

Goldman Sachs Capital II

      

5.793%, 12/29/49(l)

      135,000      114,413

Goldman Sachs Group, Inc.

      

1.625%, 7/15/11

      956,000      966,771

6.600%, 1/15/12

      1,000,000      1,085,047

2.150%, 3/15/12

      250,000      254,688

3.250%, 6/15/12

      2,018,000      2,104,161

3.625%, 8/1/12

      390,000      403,882

5.450%, 11/1/12

      2,400,000      2,594,405

5.250%, 10/15/13

      1,575,000      1,693,008

6.000%, 5/1/14

      750,000      821,238

5.125%, 1/15/15

      1,938,000      2,044,245

5.350%, 1/15/16

      555,000      584,650

5.625%, 1/15/17

      500,000      512,352

6.250%, 9/1/17

      1,500,000      1,613,113

5.950%, 1/18/18

      50,000      52,457

6.150%, 4/1/18

      1,954,000      2,067,488

7.500%, 2/15/19

      1,000,000      1,142,799

5.950%, 1/15/27

      1,572,000      1,509,059

6.125%, 2/15/33

      534,000      527,805

6.450%, 5/1/36

      500,000      483,465

6.750%, 10/1/37

      996,000      994,749

Jefferies Group, Inc.

      

7.750%, 3/15/12

      105,000      112,926

8.500%, 7/15/19

      600,000      665,606

Lazard Group LLC

      

7.125%, 5/15/15

      400,000      419,999

Lehman Brothers Holdings, Inc.

      

0.000%, 12/23/10(b)(h)§

      3,000,000      690,000

Merrill Lynch & Co., Inc.

      

6.050%, 8/15/12

      1,000,000      1,068,005

6.150%, 4/25/13

      1,960,000      2,110,336

6.050%, 5/16/16

      1,000,000      1,019,652

5.700%, 5/2/17

      2,500,000      2,484,987

6.875%, 4/25/18

      2,500,000      2,694,173

6.875%, 11/15/18

      130,000      139,082

6.220%, 9/15/26

      500,000      482,540

6.110%, 1/29/37

    $ 1,500,000    $ 1,380,138

Morgan Stanley

      

2.000%, 9/22/11

      1,000,000      1,016,797

3.250%, 12/1/11

      1,900,000      1,969,916

5.625%, 1/9/12

      1,900,000      2,012,415

2.250%, 3/13/12

      250,000      255,073

6.600%, 4/1/12

      1,000,000      1,084,969

1.950%, 6/20/12

      1,000,000      1,015,093

5.250%, 11/2/12

      1,820,000      1,939,975

4.750%, 4/1/14

      1,000,000      1,021,077

6.000%, 5/13/14

      300,000      324,041

6.000%, 4/28/15

      500,000      535,608

5.375%, 10/15/15

      1,900,000      1,973,427

5.750%, 10/18/16

      1,000,000      1,039,652

5.550%, 4/27/17

      1,750,000      1,789,793

5.950%, 12/28/17

      3,000,000      3,082,110

7.300%, 5/13/19

      1,300,000      1,436,252

5.625%, 9/23/19

      500,000      498,237

7.250%, 4/1/32

      275,000      313,006

Nomura Holdings, Inc.

      

5.000%, 3/4/15

      600,000      613,329

6.700%, 3/4/20

      458,000      475,319

Northern Trust Corp.

      

4.625%, 5/1/14

      130,000      138,259

Raymond James Financial, Inc.

      

8.600%, 8/15/19

      200,000      228,578
         
        76,780,629
         

Commercial Banks (2.3%)

      

American Express Bank FSB

      

3.150%, 12/9/11

      1,500,000      1,554,838

5.500%, 4/16/13

      500,000      535,488

Bank of Nova Scotia

      

2.250%, 1/22/13

      485,000      489,473

3.400%, 1/22/15

      450,000      452,960

Barclays Bank plc

      

5.450%, 9/12/12

      500,000      538,995

5.000%, 9/22/16

      1,000,000      1,027,870

6.750%, 5/22/19

      850,000      940,349

BB&T Capital Trust II

      

6.750%, 6/7/36

      500,000      497,807

BB&T Corp.

      

4.750%, 10/1/12

      500,000      527,260

3.375%, 9/25/13

      1,200,000      1,224,782

5.200%, 12/23/15

      35,000      36,625

5.250%, 11/1/19

      460,000      462,489

BNP Paribas/BNP Paribas U.S.

      

2.125%, 12/21/12

      100,000      100,419

Charter One Bank N.A.

      

5.500%, 4/26/11

      250,000      256,169

6.375%, 5/15/12

      1,000,000      1,033,496

Citibank N.A.

      

1.375%, 8/10/11

      1,000,000      1,008,078

1.250%, 9/22/11

      600,000      603,907

1.250%, 11/15/11

      1,000,000      1,005,918

1.875%, 5/7/12

      1,000,000      1,012,968

1.750%, 12/28/12

      500,000      501,422

Credit Suisse AG

      

5.400%, 1/14/20

      1,000,000      1,007,817

Credit Suisse AG/New York

      

3.450%, 7/2/12

      550,000      569,355

5.000%, 5/15/13

      2,000,000      2,149,554

5.500%, 5/1/14

      750,000      816,324

6.000%, 2/15/18

      820,000      868,200

 

See Notes to Portfolio of Investments.

200

EQ ADVISORS TRUST

EQ/CORE BOND INDEX PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Principal
Amount		    Value
(Note 1)

Deutsche Bank Financial LLC

      

5.375%, 3/2/15

    $ 500,000    $ 530,779

Fifth Third Bancorp

      

8.250%, 3/1/38

      990,000      1,040,241

FleetBoston Financial Corp.

      

6.875%, 1/15/28

      1,000,000      995,536

Glitnir Banki hf

      

0.000%, 10/15/08(b)(h)§

      4,650,000      1,371,750

GMAC, Inc.

      

1.750%, 10/30/12

      1,000,000      1,005,785

2.200%, 12/19/12

      1,000,000      1,015,027

HSBC Bank USA/New York

      

4.625%, 4/1/14

      1,000,000      1,043,385

HSBC Holdings plc

      

5.250%, 12/12/12

      40,000      42,781

6.500%, 5/2/36

      2,000,000      2,060,950

6.500%, 9/15/37

      850,000      881,095

HSBC USA, Inc.

      

3.125%, 12/16/11

      500,000      517,651

ICICI Bank Ltd.

      

6.625%, 10/3/12§

      600,000      637,232

KeyBank N.A.

      

5.800%, 7/1/14

      1,500,000      1,534,111

KeyCorp

      

6.500%, 5/14/13

      920,000      982,476

Kreditanstalt fuer Wiederaufbau

      

3.250%, 10/14/11

      3,000,000      3,103,842

2.000%, 1/17/12

      3,500,000      3,556,364

1.875%, 1/14/13

      1,500,000      1,505,483

3.250%, 3/15/13

      2,801,000      2,912,012

3.500%, 3/10/14

      3,500,000      3,642,243

4.125%, 10/15/14

      15,000      15,738

2.750%, 10/21/14^

      1,000,000      1,002,117

4.875%, 1/17/17

      2,965,000      3,220,224

4.500%, 7/16/18

      1,000,000      1,051,444

4.875%, 6/17/19

      1,500,000      1,609,280

(Zero Coupon), 4/18/36

      1,289,000      336,412

Landesbank Baden-Wuerttemberg/New York

      

5.050%, 12/30/15

      100,000      109,316

Landeskreditbank Baden-Wuerttemberg Foerderbank

      

4.875%, 1/13/12

      500,000      529,944

Landwirtschaftliche Rentenbank

      

5.250%, 7/2/12

      1,000,000      1,082,837

1.875%, 9/24/12

      500,000      503,868

4.125%, 7/15/13

      500,000      532,375

3.125%, 7/15/15

      1,500,000      1,504,672

5.125%, 2/1/17

      600,000      654,484

Marshall & Ilsley Corp.

      

5.350%, 4/1/11

      1,027,000      1,032,465

National City Bank/Ohio

      

6.200%, 12/15/11

      500,000      538,891

North Fork Bancorp, Inc.

      

5.875%, 8/15/12

      500,000      524,857

Oesterreichische Kontrollbank AG

      

1.875%, 3/21/12

      1,500,000      1,518,836

PNC Bank N.A.

      

4.875%, 9/21/17

      1,000,000      994,906

PNC Funding Corp.

      

2.300%, 6/22/12

      1,000,000      1,022,687

3.625%, 2/8/15

      200,000      201,198

4.250%, 9/21/15

      1,000,000      1,030,063

5.625%, 2/1/17

      745,000      768,716

5.125%, 2/8/20

      200,000      201,468

Regions Bank/Alabama

      

3.250%, 12/9/11

      1,000,000      1,037,197

7.500%, 5/15/18

    $ 500,000    $ 496,067

Regions Financial Corp.

      

7.750%, 11/10/14

      600,000      631,285

Royal Bank of Scotland Group plc

      

5.000%, 10/1/14

      250,000      239,251

6.400%, 10/21/19

      750,000      749,812

Sovereign Bank

      

2.750%, 1/17/12

      500,000      515,407

SunTrust Bank/Georgia

      

6.375%, 4/1/11

      1,500,000      1,565,957

3.000%, 11/16/11

      500,000      516,262

7.250%, 3/15/18

      500,000      534,673

U.S. Bancorp

      

2.125%, 2/15/13

      200,000      199,386

4.200%, 5/15/14

      350,000      367,217

U.S. Bank N.A./Ohio

      

6.375%, 8/1/11

      1,000,000      1,064,763

4.950%, 10/30/14

      1,000,000      1,064,593

UBS AG/Connecticut

      

5.875%, 12/20/17

      1,250,000      1,294,579

5.750%, 4/25/18

      1,000,000      1,024,320

UBS AG/New York

      

7.750%, 9/1/26

      200,000      222,366

USB Capital XIII Trust

      

6.625%, 12/15/39

      250,000      253,065

Wachovia Bank N.A.

      

4.875%, 2/1/15

      1,000,000      1,036,901

6.600%, 1/15/38

      1,700,000      1,749,082

Wachovia Corp.

      

5.300%, 10/15/11

      1,000,000      1,058,041

5.700%, 8/1/13

      976,000      1,068,832

5.250%, 8/1/14

      1,055,000      1,108,158

5.625%, 10/15/16

      1,447,000      1,524,914

5.750%, 6/15/17

      110,000      117,143

Wells Fargo & Co.

      

5.300%, 8/26/11

      1,000,000      1,053,387

3.000%, 12/9/11

      1,480,000      1,528,171

5.250%, 10/23/12

      940,000      1,012,717

4.375%, 1/31/13

      1,000,000      1,055,344

4.950%, 10/16/13

      500,000      528,218

3.750%, 10/1/14

      1,600,000      1,619,381

5.125%, 9/15/16

      55,000      57,077

5.625%, 12/11/17

      1,470,000      1,559,473

5.375%, 2/7/35

      1,000,000      929,646

Wells Fargo Bank N.A.

      

5.750%, 5/16/16

      2,000,000      2,158,372

Wells Fargo Capital XIII

      

7.700%, 12/29/49(l)

      500,000      516,250

Wells Fargo Capital XV

      

9.750%, 12/31/49(l)

      500,000      560,000

Westpac Banking Corp.

      

2.250%, 11/19/12

      400,000      402,801

4.200%, 2/27/15

      700,000      720,562

4.875%, 11/19/19

      400,000      397,312

Zions Bancorp

      

7.750%, 9/23/14

      500,000      504,310
         
        101,630,396
         

Consumer Finance (0.5%)

      

American Express Co.

      

7.250%, 5/20/14

      500,000      566,634

5.500%, 9/12/16

      30,000      31,331

7.000%, 3/19/18

      2,071,000      2,352,225

8.125%, 5/20/19

      500,000      605,600

 

See Notes to Portfolio of Investments.

201

EQ ADVISORS TRUST

EQ/CORE BOND INDEX PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Principal
Amount		    Value
(Note 1)

American Express Credit Corp.

      

5.875%, 5/2/13

    $ 1,500,000    $ 1,624,845

7.300%, 8/20/13

      1,500,000      1,683,619

5.125%, 8/25/14

      500,000      530,864

Boeing Capital Corp.

      

5.800%, 1/15/13

      200,000      220,112

Capital One Financial Corp.

      

5.700%, 9/15/11

      500,000      522,574

7.375%, 5/23/14

      250,000      285,683

5.500%, 6/1/15

      500,000      525,765

6.150%, 9/1/16

      500,000      518,737

6.750%, 9/15/17

      1,000,000      1,105,013

Discover Financial Services

      

6.450%, 6/12/17

      498,000      490,644

8.700%, 11/18/19

      500,000      547,636

HSBC Finance Corp.

      

6.750%, 5/15/11

      1,000,000      1,051,107

7.000%, 5/15/12

      500,000      545,265

6.375%, 11/27/12

      953,000      1,043,726

4.750%, 7/15/13

      2,036,000      2,138,315

5.000%, 6/30/15

      485,000      505,072

PACCAR Financial Corp.

      

1.950%, 12/17/12

      400,000      399,147

SLM Corp.

      

5.400%, 10/25/11

      455,000      459,269

5.125%, 8/27/12

      500,000      496,825

5.375%, 1/15/13

      210,000      207,406

5.375%, 5/15/14

      600,000      568,313

8.450%, 6/15/18

      1,000,000      1,011,361

8.000%, 3/25/20

      250,000      243,440

5.625%, 8/1/33

      200,000      154,325
         
        20,434,853
         

Diversified Financial Services (3.0%)

      

Allstate Life Global Funding Trusts

      

5.375%, 4/30/13

      1,000,000      1,089,348

Ameriprise Financial, Inc.

      

7.300%, 6/28/19

      1,080,000      1,251,338

Bank of America Corp.

      

5.375%, 8/15/11

      1,000,000      1,051,091

2.100%, 4/30/12

      3,150,000      3,208,007

3.125%, 6/15/12

      1,954,000      2,030,440

4.900%, 5/1/13

      1,000,000      1,046,178

4.750%, 8/15/13

      2,099,000      2,182,685

7.375%, 5/15/14

      2,000,000      2,249,082

5.125%, 11/15/14

      1,000,000      1,036,946

6.500%, 8/1/16

      800,000      864,796

5.625%, 10/14/16

      1,085,000      1,123,367

6.000%, 9/1/17

      60,000      62,402

5.750%, 12/1/17

      1,500,000      1,537,911

5.650%, 5/1/18

      1,100,000      1,112,837

7.625%, 6/1/19

      1,000,000      1,143,863

Bank of America N.A.

      

5.300%, 3/15/17

      1,000,000      989,901

6.000%, 10/15/36

      500,000      462,654

Boeing Capital Corp.

      

6.500%, 2/15/12

      943,000      1,030,172

BP Capital Markets plc

      

1.550%, 8/11/11

      300,000      302,953

3.125%, 3/10/12

      1,000,000      1,035,909

5.250%, 11/7/13

      750,000      825,319

3.625%, 5/8/14

      500,000      518,667

3.875%, 3/10/15

      300,000      311,573

4.750%, 3/10/19

      750,000      770,956

Capital One Capital IV

      

6.745%, 2/17/37(l)

    $ 489,000    $ 421,762

Capital One Capital VI

      

8.875%, 5/15/40

      605,000      659,319

Caterpillar Financial Services Corp.

      

5.125%, 10/12/11

      937,000      992,373

4.250%, 2/8/13

      949,000      1,009,458

2.000%, 4/5/13

      200,000      199,658

6.125%, 2/17/14

      550,000      619,820

7.150%, 2/15/19

      1,150,000      1,353,660

Citigroup Funding, Inc.

      

1.375%, 5/5/11

      1,000,000      1,007,874

2.125%, 7/12/12

      500,000      508,966

1.875%, 10/22/12

      1,500,000      1,511,967

1.875%, 11/15/12

      1,000,000      1,007,248

2.250%, 12/10/12

      1,000,000      1,016,230

Citigroup, Inc.

      

2.875%, 12/9/11

      980,000      1,011,194

6.000%, 2/21/12

      135,000      143,181

2.125%, 4/30/12

      3,100,000      3,156,749

5.300%, 10/17/12

      500,000      525,149

5.500%, 4/11/13

      3,000,000      3,152,343

6.500%, 8/19/13

      2,000,000      2,156,024

6.375%, 8/12/14

      2,000,000      2,136,606

5.000%, 9/15/14

      1,565,000      1,562,795

5.500%, 10/15/14

      1,000,000      1,034,906

6.125%, 11/21/17

      185,000      190,304

6.125%, 5/15/18

      3,403,000      3,477,148

8.500%, 5/22/19

      1,000,000      1,167,186

5.850%, 12/11/34

      1,095,000      994,271

6.125%, 8/25/36

      2,000,000      1,745,274

5.875%, 5/29/37

      500,000      450,393

6.875%, 3/5/38

      500,000      505,248

8.125%, 7/15/39

      815,000      940,838

CME Group, Inc.

      

5.750%, 2/15/14

      1,000,000      1,097,816

ConocoPhillips Canada Funding Co. I

      

5.950%, 10/15/36

      434,000      449,345

Credit Suisse FB USA, Inc.

      

4.875%, 1/15/15

      300,000      318,103

5.125%, 8/15/15

      1,932,000      2,069,008

Credit Suisse USA, Inc.

      

6.125%, 11/15/11

      75,000      80,572

6.500%, 1/15/12

      1,000,000      1,087,267

7.125%, 7/15/32

      400,000      469,105

Diageo Investment Corp.

      

7.450%, 4/15/35

      200,000      239,175

Equifax, Inc.

      

4.450%, 12/1/14

      200,000      205,797

General Electric Capital Corp.

      

5.500%, 4/28/11

      1,000,000      1,049,414

3.000%, 12/9/11

      3,056,000      3,158,055

5.875%, 2/15/12

      2,829,000      3,040,971

2.250%, 3/12/12

      1,000,000      1,021,267

2.200%, 6/8/12

      1,000,000      1,018,561

2.000%, 9/28/12

      1,000,000      1,013,613

5.250%, 10/19/12

      1,500,000      1,610,312

2.125%, 12/21/12

      1,500,000      1,519,625

2.625%, 12/28/12

      2,000,000      2,053,816

5.450%, 1/15/13

      4,110,000      4,447,686

5.900%, 5/13/14

      1,300,000      1,430,320

4.375%, 9/21/15

      700,000      721,776

5.400%, 2/15/17

      1,034,000      1,081,695

5.625%, 9/15/17

      50,000      52,646

5.625%, 5/1/18

      2,500,000      2,612,530

 

See Notes to Portfolio of Investments.

202

EQ ADVISORS TRUST

EQ/CORE BOND INDEX PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Principal
Amount		    Value
(Note 1)

6.750%, 3/15/32

    $ 1,144,000    $ 1,210,329

6.150%, 8/7/37

      485,000      474,284

5.875%, 1/14/38

      1,061,000      1,008,745

6.875%, 1/10/39

      3,000,000      3,235,830

IBM International Group Capital LLC

      

5.050%, 10/22/12

      500,000      542,870

John Deere Capital Corp.

      

7.000%, 3/15/12

      1,250,000      1,382,588

2.875%, 6/19/12

      1,250,000      1,293,360

5.250%, 10/1/12

      750,000      814,269

4.500%, 4/3/13

      500,000      533,823

5.750%, 9/10/18

      400,000      436,880

JPMorgan Chase & Co.

      

5.600%, 6/1/11

      1,500,000      1,579,660

3.125%, 12/1/11

      2,037,000      2,107,794

6.625%, 3/15/12

      1,935,000      2,103,500

2.125%, 6/22/12

      1,000,000      1,018,883

2.125%, 12/26/12

      1,000,000      1,014,230

5.750%, 1/2/13

      100,000      108,527

4.750%, 5/1/13

      500,000      532,942

4.650%, 6/1/14

      500,000      528,330

5.125%, 9/15/14

      1,000,000      1,056,400

3.700%, 1/20/15

      500,000      503,079

5.250%, 5/1/15

      170,000      179,105

6.000%, 1/15/18

      976,000      1,059,645

6.300%, 4/23/19

      1,000,000      1,103,556

6.400%, 5/15/38

      500,000      539,854

JPMorgan Chase Capital XV

      

5.875%, 3/15/35

      490,000      445,864

JPMorgan Chase Capital XVIII

      

6.950%, 8/17/36

      474,000      464,575

JPMorgan Chase Capital XXII

      

6.450%, 2/2/37

      250,000      232,102

JPMorgan Chase Capital XXV

      

6.800%, 10/1/37

      995,000      990,449

JPMorgan Chase Capital XXVII

      

7.000%, 11/1/39

      1,000,000      1,020,504

K2 Corp.

      

0.000%, 2/15/11(b)†

      13,500,000      —  

Links Finance LLC

      

0.000%, 12/31/09(b)(h)†

      7,100,000      —  

MUFG Capital Finance I Ltd.

      

6.346%, 7/29/49(l)

      1,000,000      991,547

NASDAQ OMX Group, Inc.

      

4.000%, 1/15/15

      200,000      199,045

5.550%, 1/15/20

      200,000      198,894

National Rural Utilities Cooperative Finance Corp.

      

7.250%, 3/1/12

      1,840,000      2,024,009

4.750%, 3/1/14

      1,500,000      1,598,238

10.375%, 11/1/18

      1,000,000      1,330,066

8.000%, 3/1/32

      25,000      29,785

Private Export Funding Corp.

      

5.685%, 5/15/12

      300,000      327,760

4.550%, 5/15/15

      400,000      429,094

4.950%, 11/15/15

      200,000      217,679

4.300%, 12/15/21

      400,000      377,040

Teco Finance, Inc.

      

4.000%, 3/15/16

      105,000      103,469

5.150%, 3/15/20

      85,000      83,938

Unilever Capital Corp.

      

3.650%, 2/15/14

      500,000      520,451

4.800%, 2/15/19

      750,000      773,273

Western Union Co.

      

6.500%, 2/26/14

      200,000      225,549

5.253%, 4/1/20§

    $ 1,002,000    $ 1,013,323
         
        131,709,951
         

Insurance (0.8%)

      

ACE INA Holdings, Inc.

      

5.875%, 6/15/14

      500,000      549,117

5.600%, 5/15/15

      250,000      272,961

5.900%, 6/15/19

      100,000      109,002

Aegon N.V.

      

4.625%, 12/1/15

      600,000      605,314

Aflac, Inc.

      

8.500%, 5/15/19

      300,000      361,216

6.900%, 12/17/39

      110,000      113,362

Allstate Corp.

      

6.200%, 5/16/14

      475,000      528,710

7.450%, 5/16/19

      200,000      234,692

5.550%, 5/9/35

      500,000      480,161

5.950%, 4/1/36

      703,000      704,836

6.500%, 5/15/57(l)

      250,000      239,375

American International Group, Inc.

      

5.375%, 10/18/11

      25,000      25,677

5.450%, 5/18/17

      75,000      68,996

5.850%, 1/16/18

      500,000      464,583

8.250%, 8/15/18

      2,500,000      2,623,200

6.250%, 5/1/36

      500,000      436,016

Berkshire Hathaway Finance Corp.

      

4.000%, 4/15/12

      1,000,000      1,052,868

5.000%, 8/15/13

      1,250,000      1,365,099

4.850%, 1/15/15

      1,030,000      1,107,157

5.750%, 1/15/40

      400,000      395,691

Chubb Corp.

      

5.750%, 5/15/18

      250,000      270,297

6.500%, 5/15/38

      500,000      545,262

CNA Financial Corp.

      

7.350%, 11/15/19

      240,000      250,831

Delphi Financial Group, Inc.

      

7.875%, 1/31/20

      75,000      77,439

Genworth Financial, Inc.

      

8.625%, 12/15/16

      1,000,000      1,091,261

6.515%, 5/22/18

      1,000,000      985,120

Hartford Financial Services Group, Inc.

      

6.300%, 3/15/18

      500,000      523,391

6.100%, 10/1/41

      419,000      374,198

HCC Insurance Holdings, Inc.

      

6.300%, 11/15/19

      200,000      208,393

Lincoln National Corp.

      

8.750%, 7/1/19

      400,000      489,109

6.250%, 2/15/20

      100,000      104,272

6.300%, 10/9/37

      450,000      443,064

Markel Corp.

      

7.125%, 9/30/19

      200,000      214,997

Marsh & McLennan Cos., Inc.

      

5.375%, 7/15/14

      290,000      299,975

5.750%, 9/15/15

      150,000      158,849

9.250%, 4/15/19

      500,000      622,669

5.875%, 8/1/33

      35,000      30,829

MetLife, Inc.

      

6.125%, 12/1/11

      292,000      312,399

5.500%, 6/15/14

      500,000      532,505

6.750%, 6/1/16

      1,500,000      1,680,980

7.717%, 2/15/19

      1,200,000      1,401,194

5.700%, 6/15/35

      812,000      778,827

6.400%, 12/15/36

      483,000      432,285

PartnerRe Finance B LLC

      

5.500%, 6/1/20

      200,000      198,100

 

See Notes to Portfolio of Investments.

203

EQ ADVISORS TRUST

EQ/CORE BOND INDEX PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Principal
Amount		    Value
(Note 1)

Principal Financial Group, Inc.

      

8.875%, 5/15/19

    $ 380,000    $ 456,325

Protective Life Corp.

      

7.375%, 10/15/19

      400,000      424,884

8.450%, 10/15/39

      200,000      209,751

Prudential Financial, Inc.

      

2.750%, 1/14/13

      300,000      300,365

4.500%, 7/15/13

      932,000      974,409

5.100%, 9/20/14

      55,000      58,093

3.875%, 1/14/15

      135,000      134,746

6.200%, 1/15/15

      85,000      92,788

6.000%, 12/1/17

      879,000      930,283

6.625%, 12/1/37

      1,500,000      1,573,426

Reinsurance Group of America, Inc.

      

6.450%, 11/15/19

      200,000      208,987

Swiss Reinsurance Solutions Holding Corp.

      

7.000%, 2/15/26

      868,000      879,764

Torchmark Corp.

      

9.250%, 6/15/19

      175,000      209,602

Transatlantic Holdings, Inc.

      

8.000%, 11/30/39

      400,000      408,803

Travelers Cos., Inc.

      

5.500%, 12/1/15

      40,000      43,551

5.800%, 5/15/18

      1,000,000      1,071,227

5.900%, 6/2/19

      1,000,000      1,093,697

6.250%, 3/15/37(l)

      250,000      246,089

6.250%, 6/15/37

      500,000      528,915

Unum Group

      

7.125%, 9/30/16

      100,000      108,704

Validus Holdings Ltd.

      

8.875%, 1/26/40

      100,000      102,621

Willis North America, Inc.

      

5.625%, 7/15/15

      470,000      482,528

7.000%, 9/29/19

      100,000      104,718
         
        34,408,555
         

Real Estate Investment Trusts (REITs) (0.3%)

      

AvalonBay Communities, Inc.

      

5.700%, 3/15/17

      300,000      316,224

Boston Properties LP

      

6.250%, 1/15/13

      1,000,000      1,083,842

5.875%, 10/15/19

      200,000      207,621

Duke Realty LP

      

6.750%, 3/15/20

      65,000      66,157

Equity One, Inc.

      

6.250%, 12/15/14

      200,000      205,007

ERP Operating LP

      

5.125%, 3/15/16

      1,000,000      1,028,385

HCP, Inc.

      

5.950%, 9/15/11

      265,000      276,411

5.650%, 12/15/13

      475,000      496,522

6.000%, 1/30/17

      500,000      498,032

Health Care REIT, Inc.

      

6.125%, 4/15/20

      285,000      285,886

Healthcare Realty Trust, Inc.

      

6.500%, 1/17/17

      400,000      410,366

Hospitality Properties Trust

      

7.875%, 8/15/14

      1,150,000      1,235,017

5.625%, 3/15/17

      250,000      233,250

HRPT Properties Trust

      

6.650%, 1/15/18

      250,000      251,453

Kimco Realty Corp.

      

6.875%, 10/1/19

      200,000      210,740

Liberty Property LP

      

6.625%, 10/1/17

      500,000      505,767

Mack-Cali Realty LP

      

7.750%, 8/15/19

    $ 500,000    $ 551,361

ProLogis

      

7.625%, 8/15/14

      300,000      328,017

5.625%, 11/15/16

      55,000      53,202

6.250%, 3/15/17

      200,000      196,888

6.625%, 5/15/18

      900,000      894,372

6.875%, 3/15/20

      150,000      148,161

Simon Property Group LP

      

5.300%, 5/30/13

      932,000      986,168

6.750%, 5/15/14

      875,000      957,307

4.200%, 2/1/15

      310,000      310,787

5.100%, 6/15/15

      464,000      476,541

5.750%, 12/1/15

      35,000      37,026

10.350%, 4/1/19

      1,000,000      1,257,366

5.650%, 2/1/20

      400,000      390,257

6.750%, 2/1/40

      200,000      198,952
         
        14,097,085
         

Thrifts & Mortgage Finance (0.1%)

      

Countrywide Financial Corp.

      

5.800%, 6/7/12

      1,600,000      1,700,803

U.S. Central Federal Credit Union

      

1.900%, 10/19/12

      1,000,000      1,009,215

Western Corporate Federal Credit Union

      

1.750%, 11/2/12

      400,000      401,153
         
        3,111,171
         

Total Financials

         382,172,640
         

Health Care (1.2%)

      

Biotechnology (0.1%)

      

Amgen, Inc.

      

5.850%, 6/1/17

      480,000      532,315

6.150%, 6/1/18

      200,000      225,059

5.700%, 2/1/19

      750,000      821,730

4.500%, 3/15/20

      100,000      99,838

6.375%, 6/1/37

      474,000      509,635

5.750%, 3/15/40

      110,000      108,909

Biogen Idec, Inc.

      

6.000%, 3/1/13

      200,000      216,305

6.875%, 3/1/18

      100,000      109,595

Genentech, Inc.

      

4.750%, 7/15/15

      500,000      533,814

Life Technologies Corp.

      

6.000%, 3/1/20

      500,000      511,937
         
        3,669,137
         

Health Care Equipment & Supplies (0.2%)

      

Baxter International, Inc.

      

5.900%, 9/1/16

      936,000      1,059,260

Beckman Coulter, Inc.

      

6.000%, 6/1/15

      450,000      489,885

CareFusion Corp.

      

5.125%, 8/1/14

      200,000      212,255

6.375%, 8/1/19

      500,000      546,776

Covidien International Finance S.A.

      

6.000%, 10/15/17

      750,000      822,484

Hospira, Inc.

      

5.900%, 6/15/14

      205,000      223,347

6.400%, 5/15/15

      220,000      243,989

Mead Johnson Nutrition Co.

      

3.500%, 11/1/14§

      400,000      396,491

4.900%, 11/1/19§

      600,000      595,460

5.900%, 11/1/39§

      200,000      194,809

Medtronic, Inc.

      

6.500%, 3/15/39

      500,000      558,657

 

See Notes to Portfolio of Investments.

204

EQ ADVISORS TRUST

EQ/CORE BOND INDEX PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Principal
Amount		    Value
(Note 1)

St Jude Medical, Inc.

      

3.750%, 7/15/14

    $ 500,000    $ 512,699

4.875%, 7/15/19

      500,000      511,011

Stryker Corp.

      

3.000%, 1/15/15

      200,000      199,906

4.375%, 1/15/20

      200,000      198,341
         
        6,765,370
         

Health Care Providers & Services (0.2%)

      

Aetna, Inc.

      

6.500%, 9/15/18

      500,000      557,933

6.625%, 6/15/36

      668,000      703,896

Cardinal Health, Inc.

      

5.650%, 6/15/12

      21,000      22,390

CIGNA Corp.

      

5.375%, 3/15/17

      25,000      25,834

8.500%, 5/1/19

      500,000      606,125

Coventry Health Care, Inc.

      

6.300%, 8/15/14

      250,000      255,598

Express Scripts, Inc.

      

5.250%, 6/15/12

      800,000      853,003

6.250%, 6/15/14

      275,000      304,682

7.250%, 6/15/19

      160,000      185,231

Humana, Inc.

      

6.300%, 8/1/18

      500,000      508,677

McKesson Corp.

      

6.500%, 2/15/14

      500,000      558,468

Medco Health Solutions, Inc.

      

7.125%, 3/15/18

      750,000      855,084

Quest Diagnostics, Inc.

      

4.750%, 1/30/20

      120,000      117,396

5.750%, 1/30/40

      80,000      76,466

UnitedHealth Group, Inc.

      

6.000%, 2/15/18

      80,000      85,416

5.800%, 3/15/36

      25,000      23,411

6.875%, 2/15/38

      1,500,000      1,591,914

WellPoint Health Networks, Inc.

      

6.375%, 1/15/12

      943,000      1,016,703

WellPoint, Inc.

      

6.000%, 2/15/14

      100,000      109,933

5.000%, 12/15/14

      40,000      42,698

5.250%, 1/15/16

      500,000      527,128

7.000%, 2/15/19

      1,000,000      1,133,986

5.850%, 1/15/36

      500,000      483,808
         
        10,645,780
         

Pharmaceuticals (0.7%)

      

Abbott Laboratories, Inc.

      

5.600%, 5/15/11

      944,000      992,069

5.875%, 5/15/16

      55,000      62,186

5.125%, 4/1/19

      1,700,000      1,790,658

6.000%, 4/1/39

      650,000      688,024

AstraZeneca plc

      

5.400%, 9/15/12

      800,000      873,631

5.900%, 9/15/17

      400,000      446,771

6.450%, 9/15/37

      1,008,000      1,121,711

Bristol-Myers Squibb Co.

      

5.250%, 8/15/13

      120,000      132,232

5.450%, 5/1/18

      1,000,000      1,075,561

5.875%, 11/15/36

      480,000      492,732

Eli Lilly and Co.

      

3.550%, 3/6/12

      271,000      282,757

5.200%, 3/15/17

      965,000      1,038,530

5.950%, 11/15/37

      500,000      523,237

GlaxoSmithKline Capital, Inc.

      

4.850%, 5/15/13

      714,000      773,906

5.650%, 5/15/18

    $ 2,044,000    $ 2,219,463

6.375%, 5/15/38

      750,000      827,213

Johnson & Johnson

      

5.150%, 8/15/12

      200,000      217,979

5.550%, 8/15/17

      500,000      552,251

4.950%, 5/15/33

      192,000      185,077

5.950%, 8/15/37

      20,000      21,652

5.850%, 7/15/38

      600,000      641,587

Merck & Co., Inc.

      

4.750%, 3/1/15

      1,000,000      1,081,501

6.000%, 9/15/17

      850,000      956,542

5.000%, 6/30/19

      950,000      993,362

5.750%, 11/15/36

      300,000      307,427

6.550%, 9/15/37

      375,000      428,263

Novartis Capital Corp.

      

1.900%, 4/24/13

      75,000      74,958

4.125%, 2/10/14

      400,000      423,523

Novartis Securities Investment Ltd.

      

5.125%, 2/10/19

      1,200,000      1,271,857

Pfizer, Inc.

      

4.450%, 3/15/12

      1,000,000      1,059,992

4.500%, 2/15/14

      250,000      267,046

5.350%, 3/15/15

      1,500,000      1,652,782

6.200%, 3/15/19

      1,075,000      1,214,192

7.200%, 3/15/39

      1,000,000      1,219,587

Teva Pharmaceutical Finance LLC

      

5.550%, 2/1/16

      190,000      208,033

6.150%, 2/1/36

      190,000      197,086

Watson Pharmaceuticals, Inc.

      

5.000%, 8/15/14

      85,000      88,502

6.125%, 8/15/19

      170,000      178,693

Wyeth

      

5.500%, 2/1/14

      1,070,000      1,180,372

5.500%, 2/15/16

      1,162,000      1,296,217

7.250%, 3/1/23

      483,000      566,218

5.950%, 4/1/37

      555,000      581,073
         
        30,206,453
         

Total Health Care

         51,286,740
         

Industrials (1.2%)

      

Aerospace & Defense (0.3%)

      

Boeing Co.

      

5.125%, 2/15/13

      35,000      37,913

3.500%, 2/15/15

      200,000      203,487

6.000%, 3/15/19

      500,000      551,599

4.875%, 2/15/20

      310,000      317,172

6.875%, 3/15/39

      500,000      583,576

5.875%, 2/15/40

      55,000      56,369

Embraer Overseas Ltd.

      

6.375%, 1/15/20

      500,000      508,750

General Dynamics Corp.

      

1.800%, 7/15/11

      100,000      100,978

5.250%, 2/1/14

      1,000,000      1,098,711

Goodrich Corp.

      

6.125%, 3/1/19

      250,000      271,681

4.875%, 3/1/20

      200,000      201,435

Honeywell International, Inc.

      

5.625%, 8/1/12

      428,000      466,630

3.875%, 2/15/14

      500,000      523,635

5.400%, 3/15/16

      110,000      121,284

5.300%, 3/1/18

      944,000      1,005,464

5.000%, 2/15/19

      500,000      520,667

5.700%, 3/15/36

      200,000      201,073

 

See Notes to Portfolio of Investments.

205

EQ ADVISORS TRUST

EQ/CORE BOND INDEX PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Principal
Amount		    Value
(Note 1)

ITT Corp.

      

4.900%, 5/1/14

    $ 355,000    $ 377,012

Lockheed Martin Corp.

      

4.121%, 3/14/13

      464,000      489,551

7.750%, 5/1/26

      676,000      823,032

8.500%, 12/1/29

      25,000      32,430

Northrop Grumman Corp.

      

3.700%, 8/1/14

      120,000      122,790

Northrop Grumman Systems Corp.

      

7.750%, 2/15/31

      286,000      350,498

Raytheon Co.

      

5.375%, 4/1/13

      90,000      98,155

4.400%, 2/15/20

      200,000      197,126

Rockwell Collins, Inc.

      

5.250%, 7/15/19

      100,000      103,860

United Technologies Corp.

      

4.875%, 5/1/15

      600,000      650,831

6.125%, 2/1/19

      550,000      618,623

4.500%, 4/15/20

      175,000      175,808

6.050%, 6/1/36

      666,000      698,362

6.125%, 7/15/38

      500,000      533,285

5.700%, 4/15/40

      115,000      116,304
         
        12,158,091
         

Air Freight & Logistics (0.1%)

      

FedEx Corp.

      

7.375%, 1/15/14

      50,000      57,418

United Parcel Service, Inc.

      

4.500%, 1/15/13

      1,000,000      1,068,902

5.125%, 4/1/19

      1,000,000      1,067,866

6.200%, 1/15/38

      830,000      903,379
         
        3,097,565
         

Airlines (0.0%)

      

Continental Airlines, Inc.

      

9.000%, 7/8/16

      489,893      533,984

Delta Air Lines, Inc.

      

7.750%, 12/17/19

      250,000      262,500
         
        796,484
         

Building Products (0.0%)

      

CRH America, Inc.

      

5.625%, 9/30/11

      253,000      265,159

6.000%, 9/30/16

      535,000      574,844

Owens Corning

      

9.000%, 6/15/19

      500,000      589,203
         
        1,429,206
         

Commercial Services & Supplies (0.2%)

      

Allied Waste North America, Inc.

      

6.875%, 6/1/17

      1,500,000      1,635,000

Board of Trustees of the Leland Stanford Junior University

      

4.250%, 5/1/16

      300,000      309,882

Cornell University

      

5.450%, 2/1/19

      200,000      214,224

Darthmouth College

      

4.750%, 6/1/19

      100,000      103,141

Johns Hopkins University

      

5.250%, 7/1/19

      500,000      523,050

Pitney Bowes, Inc.

      

5.750%, 9/15/17

      480,000      516,789

Princeton University

      

5.700%, 3/1/39

      550,000      571,505

R.R. Donnelley & Sons Co.

      

8.600%, 8/15/16

      1,000,000      1,109,785

11.250%, 2/1/19^

      300,000      376,454

Republic Services, Inc.

      

5.500%, 9/15/19§

    $ 295,000    $ 302,124

Science Applications International Corp.

      

6.250%, 7/1/12

      500,000      547,420

Vanderbilt University

      

5.250%, 4/1/19

      100,000      104,891

Waste Management, Inc.

      

6.375%, 11/15/12

      500,000      554,004

7.375%, 3/11/19

      700,000      811,429

Yale University

      

2.900%, 10/15/14

      600,000      605,077
         
        8,284,775
         

Electrical Equipment (0.0%)

      

Amphenol Corp.

      

4.750%, 11/15/14

      200,000      205,738

Emerson Electric Co.

      

4.125%, 4/15/15

      750,000      787,103

4.875%, 10/15/19

      500,000      523,067

5.250%, 11/15/39

      200,000      189,372

Thomas & Betts Corp.

      

5.625%, 11/15/21

      200,000      201,600
         
        1,906,880
         

Industrial Conglomerates (0.2%)

      

3M Co.

      

4.375%, 8/15/13

      500,000      536,344

5.700%, 3/15/37

      200,000      206,736

Acuity Brands Lighting, Inc.

      

6.000%, 12/15/19§

      100,000      97,132

GE Capital Trust I

      

6.375%, 11/15/67(l)

      500,000      466,875

General Electric Co.

      

5.000%, 2/1/13

      2,025,000      2,182,895

5.250%, 12/6/17

      1,500,000      1,573,272

Ingersoll-Rand Global Holding Co., Ltd.

      

9.500%, 4/15/14

      269,000      326,172

6.875%, 8/15/18

      500,000      562,278

Koninklijke Philips Electronics N.V.

      

6.875%, 3/11/38

      1,002,000      1,132,342

Textron, Inc.

      

6.200%, 3/15/15

      300,000      317,749

Tyco International Finance S.A.

      

6.000%, 11/15/13

      431,000      476,306

4.125%, 10/15/14

      1,000,000      1,033,982

8.500%, 1/15/19

      300,000      372,049

6.875%, 1/15/21

      250,000      285,675
         
        9,569,807
         

Machinery (0.1%)

      

Caterpillar, Inc.

      

6.050%, 8/15/36

      750,000      788,687

Danaher Corp.

      

5.400%, 3/1/19

      500,000      532,311

Deere & Co.

      

4.375%, 10/16/19

      300,000      297,575

5.375%, 10/16/29

      600,000      598,192

Dover Corp.

      

5.450%, 3/15/18

      466,000      493,434

Eaton Corp.

      

6.950%, 3/20/19

      500,000      578,282

Parker Hannifin Corp.

      

6.250%, 5/15/38

      257,000      274,039

Roper Industries, Inc.

      

6.625%, 8/15/13

      300,000      334,351

 

See Notes to Portfolio of Investments.

206

EQ ADVISORS TRUST

EQ/CORE BOND INDEX PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Principal
Amount		    Value
(Note 1)

Snap-On, Inc.

      

6.125%, 9/1/21

    $ 200,000    $ 209,092
         
        4,105,963
         

Road & Rail (0.3%)

      

Burlington Northern Santa Fe Corp.

      

6.750%, 7/15/11

      70,000      74,479

5.900%, 7/1/12

      948,000      1,029,591

4.700%, 10/1/19

      300,000      297,058

6.150%, 5/1/37

      500,000      514,025

Canadian National Railway Co.

      

5.550%, 3/1/19

      1,937,000      2,079,902

6.200%, 6/1/36

      506,000      544,682

Canadian Pacific Railway Co.

      

7.250%, 5/15/19

      555,000      630,503

CSX Corp.

      

6.300%, 3/15/12

      100,000      108,067

5.750%, 3/15/13

      1,000,000      1,085,554

6.250%, 3/15/18

      460,000      497,052

6.220%, 4/30/40§

      300,000      302,206

Norfolk Southern Corp.

      

7.700%, 5/15/17

      990,000      1,176,447

5.900%, 6/15/19

      1,100,000      1,188,491

7.050%, 5/1/37

      725,000      839,493

Union Pacific Corp.

      

7.875%, 1/15/19

      750,000      901,045

6.125%, 2/15/20

      1,000,000      1,083,408
         
        12,352,003
         

Trading Companies & Distributors (0.0%)

      

GATX Corp.

      

4.750%, 10/1/12

      250,000      260,951

4.750%, 5/15/15

      160,000      158,805
         
        419,756
         

Total Industrials

         54,120,530
         

Information Technology (0.7%)

      

Communications Equipment (0.1%)

      

American Tower Corp.

      

4.625%, 4/1/15

      300,000      308,524

Cisco Systems, Inc.

      

5.500%, 2/22/16

      1,075,000      1,197,889

4.950%, 2/15/19

      1,500,000      1,559,902

5.900%, 2/15/39

      500,000      507,627

Harris Corp.

      

6.375%, 6/15/19

      165,000      179,890

Motorola, Inc.

      

8.000%, 11/1/11

      500,000      540,246

6.000%, 11/15/17

      533,000      551,591

Nokia Oyj

      

5.375%, 5/15/19

      500,000      526,642

6.625%, 5/15/39

      190,000      208,470
         
        5,580,781
         

Computers & Peripherals (0.2%)

      

Dell, Inc.

      

3.375%, 6/15/12

      145,000      150,685

5.875%, 6/15/19

      700,000      757,504

7.100%, 4/15/28

      275,000      306,098

Hewlett-Packard Co.

      

4.250%, 2/24/12

      1,500,000      1,584,582

5.250%, 3/1/12

      469,000      503,484

4.750%, 6/2/14

      1,000,000      1,079,631

5.500%, 3/1/18

      500,000      543,374

International Business Machines Corp.

      

2.100%, 5/6/13

      1,000,000      1,006,986

5.700%, 9/14/17

    $ 2,500,000    $ 2,770,460

6.500%, 1/15/28

      975,000      1,088,136

5.875%, 11/29/32

      25,000      26,137

5.600%, 11/30/39

      550,000      554,734
         
        10,371,811
         

Electronic Equipment, Instruments & Components (0.0%)

      

Agilent Technologies, Inc.

      

5.500%, 9/14/15

      500,000      535,981

Arrow Electronics, Inc.

      

6.000%, 4/1/20

      200,000      201,791

Corning, Inc.

      

6.625%, 5/15/19

      60,000      66,550
         
        804,322
         

IT Services (0.1%)

      

Computer Sciences Corp.

      

6.500%, 3/15/18

      1,000,000      1,107,114

Electronic Data Systems Corp.

      

6.000%, 8/1/13

      513,000      573,850

Fiserv, Inc.

      

6.125%, 11/20/12

      500,000      544,178

6.800%, 11/20/17

      500,000      554,184
         
        2,779,326
         

Office Electronics (0.1%)

      

Xerox Corp.

      

5.500%, 5/15/12

      920,000      975,846

5.650%, 5/15/13

      500,000      536,274

8.250%, 5/15/14

      80,000      92,890

6.350%, 5/15/18

      1,095,000      1,186,185

5.625%, 12/15/19

      400,000      411,155
         
        3,202,350
         

Semiconductors & Semiconductor Equipment (0.0%)

      

Analog Devices, Inc.

      

5.000%, 7/1/14

      200,000      211,221
         

Software (0.2%)

      

Adobe Systems, Inc.

      

3.250%, 2/1/15

      200,000      200,793

4.750%, 2/1/20

      250,000      245,560

Microsoft Corp.

      

2.950%, 6/1/14

      405,000      411,177

4.200%, 6/1/19

      265,000      268,408

5.200%, 6/1/39

      390,000      385,929

Oracle Corp.

      

4.950%, 4/15/13

      1,000,000      1,086,372

3.750%, 7/8/14

      475,000      495,687

5.250%, 1/15/16

      920,000      1,013,508

5.750%, 4/15/18

      750,000      822,606

5.000%, 7/8/19

      500,000      523,348

6.500%, 4/15/38

      865,000      954,769
         
        6,408,157
         

Total Information Technology

         29,357,968
         

Materials (0.9%)

      

Chemicals (0.3%)

      

Agrium Inc.

      

6.750%, 1/15/19

      500,000      553,887

Air Products and Chemicals, Inc.

      

4.375%, 8/21/19

      200,000      194,664

Airgas, Inc.

      

2.850%, 10/1/13

      200,000      199,557

Cabot Corp.

      

5.000%, 10/1/16

      200,000      199,595

Dow Chemical Co.

      

4.850%, 8/15/12

      1,000,000      1,057,518

 

See Notes to Portfolio of Investments.

207

EQ ADVISORS TRUST

EQ/CORE BOND INDEX PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Principal
Amount		    Value
(Note 1)

6.000%, 10/1/12

    $ 927,000    $ 1,009,108

7.600%, 5/15/14

      770,000      879,026

5.900%, 2/15/15

      500,000      541,312

8.550%, 5/15/19

      1,275,000      1,542,420

7.375%, 11/1/29

      25,000      27,876

9.400%, 5/15/39

      455,000      609,900

E.I. du Pont de Nemours & Co.

      

5.875%, 1/15/14

      1,000,000      1,111,961

3.250%, 1/15/15

      400,000      402,435

6.000%, 7/15/18

      500,000      555,680

5.750%, 3/15/19

      500,000      543,659

5.600%, 12/15/36

      100,000      98,763

Lubrizol Corp.

      

8.875%, 2/1/19

      500,000      630,630

Monsanto Co.

      

5.125%, 4/15/18

      200,000      211,374

5.875%, 4/15/38

      150,000      153,225

Potash Corp of Saskatchewan, Inc.

      

5.250%, 5/15/14

      520,000      562,173

3.750%, 9/30/15

      240,000      242,849

6.500%, 5/15/19

      215,000      239,132

4.875%, 3/30/20

      145,000      145,249

PPG Industries, Inc.

      

5.750%, 3/15/13

      500,000      540,861

6.650%, 3/15/18

      300,000      333,952

Praxair, Inc.

      

2.125%, 6/14/13

      600,000      601,465

4.625%, 3/30/15

      503,000      536,013

4.500%, 8/15/19

      700,000      707,431

Sherwin-Williams Co.

      

3.125%, 12/15/14

      200,000      200,983

Valspar Corp.

      

7.250%, 6/15/19

      200,000      225,736
         
        14,858,434
         

Construction Materials (0.0%)

      

Lafarge S.A.

      

6.500%, 7/15/16

      400,000      423,485

7.125%, 7/15/36

      200,000      201,107

Vulcan Materials Co.

      

6.300%, 6/15/13

      500,000      549,535
         
        1,174,127
         

Containers & Packaging (0.0%)

      

Bemis Co., Inc.

      

5.650%, 8/1/14

      115,000      123,679

6.800%, 8/1/19

      90,000      100,521
         
        224,200
         

Metals & Mining (0.5%)

      

Alcoa, Inc.

      

6.000%, 1/15/12

      220,000      232,194

6.000%, 7/15/13^

      300,000      320,001

6.750%, 7/15/18

      500,000      518,184

5.720%, 2/23/19

      300,000      291,648

5.900%, 2/1/27

      970,000      859,253

Allegheny Technologies, Inc.

      

9.375%, 6/1/19

      400,000      465,409

ArcelorMittal S.A.

      

5.375%, 6/1/13

      500,000      532,207

9.000%, 2/15/15

      350,000      418,014

6.125%, 6/1/18

      250,000      262,427

9.850%, 6/1/19

      525,000      667,273

ArcelorMittal USA Partnership

      

9.750%, 4/1/14

      160,000      165,200

Barrick Australian Finance Pty Ltd.

      

5.950%, 10/15/39

      1,000,000      984,830

Barrick Gold Corp.

      

6.950%, 4/1/19

    $ 750,000    $ 858,152

Barrick N.A. Finance LLC

      

7.500%, 9/15/38

      100,000      118,413

BHP Billiton Finance USA Ltd.

      

5.125%, 3/29/12

      444,000      475,322

4.800%, 4/15/13

      40,000      42,978

5.500%, 4/1/14

      700,000      770,251

6.500%, 4/1/19

      1,200,000      1,371,954

Commercial Metals Co.

      

6.500%, 7/15/17

      300,000      305,198

Freeport-McMoRan Copper & Gold, Inc.

      

8.375%, 4/1/17

      1,000,000      1,112,500

Newmont Mining Corp.

      

5.125%, 10/1/19

      720,000      724,293

6.250%, 10/1/39

      400,000      399,988

Nucor Corp.

      

5.850%, 6/1/18

      700,000      759,872

Rio Tinto Alcan, Inc.

      

4.500%, 5/15/13

      500,000      525,894

6.125%, 12/15/33

      340,000      350,984

Rio Tinto Finance USA Ltd.

      

5.875%, 7/15/13

      1,400,000      1,538,872

8.950%, 5/1/14

      1,450,000      1,747,254

6.500%, 7/15/18

      500,000      562,784

7.125%, 7/15/28

      300,000      343,396

Vale Overseas Ltd.

      

6.250%, 1/23/17

      1,080,000      1,170,925

5.625%, 9/15/19

      500,000      516,319

6.875%, 11/21/36

      1,001,000      1,035,584

6.875%, 11/10/39

      342,000      354,363

Xstrata Canada Corp.

      

5.500%, 6/15/17

      512,000      518,533
         
        21,320,469
         

Paper & Forest Products (0.1%)

      

International Paper Co.

      

5.300%, 4/1/15

      400,000      422,538

7.950%, 6/15/18

      500,000      584,171

9.375%, 5/15/19

      500,000      625,048

7.500%, 8/15/21

      400,000      454,526
         
        2,086,283
         

Total Materials

         39,663,513
         

Telecommunication Services (1.4%)

      

Diversified Telecommunication Services (1.1%)

      

Ameritech Capital Funding Corp.

      

6.550%, 1/15/28

      375,000      368,484

AT&T Corp.

      

7.300%, 11/15/11

      1,000,000      1,093,082

8.000%, 11/15/31

      40,000      48,630

AT&T, Inc.

      

4.950%, 1/15/13

      1,900,000      2,040,965

5.100%, 9/15/14

      60,000      64,916

5.500%, 2/1/18

      1,200,000      1,273,979

5.800%, 2/15/19

      1,000,000      1,068,947

6.150%, 9/15/34

      478,000      472,205

6.800%, 5/15/36

      482,000      509,627

6.300%, 1/15/38

      1,070,000      1,085,818

6.400%, 5/15/38

      942,000      968,502

BellSouth Capital Funding Corp.

      

7.875%, 2/15/30

      486,000      564,861

BellSouth Corp.

      

5.200%, 9/15/14

      1,571,000      1,692,678

6.875%, 10/15/31

      1,000,000      1,047,032

 

See Notes to Portfolio of Investments.

208

EQ ADVISORS TRUST

EQ/CORE BOND INDEX PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Principal
Amount		    Value
(Note 1)

6.000%, 11/15/34

    $ 230,000    $ 222,050

British Telecommunications plc

      

5.950%, 1/15/18

      500,000      513,298

9.625%, 12/15/30

      515,000      648,529

CenturyTel, Inc.

      

6.150%, 9/15/19

      1,000,000      990,587

7.600%, 9/15/39

      200,000      192,791

Deutsche Telekom International Finance B.V.

      

5.250%, 7/22/13

      1,000,000      1,072,341

4.875%, 7/8/14

      1,050,000      1,104,024

6.750%, 8/20/18

      1,000,000      1,120,407

6.000%, 7/8/19

      550,000      589,337

8.750%, 6/15/30

      572,000      732,566

9.250%, 6/1/32

      200,000      265,022

Embarq Corp.

      

7.082%, 6/1/16

      525,000      571,802

7.995%, 6/1/36

      500,000      506,972

France Telecom S.A.

      

4.375%, 7/8/14

      500,000      527,050

8.500%, 3/1/31

      525,000      696,384

GTE Corp.

      

8.750%, 11/1/21

      500,000      616,661

Koninklijke (Royal) KPN N.V.

      

8.375%, 10/1/30

      500,000      620,667

Pacific Bell Telephone Co.

      

7.125%, 3/15/26

      200,000      218,618

Qwest Corp.

      

8.375%, 5/1/16

      2,000,000      2,250,000

6.500%, 6/1/17

      750,000      780,938

Telecom Italia Capital S.A.

      

5.250%, 11/15/13

      1,065,000      1,115,508

6.175%, 6/18/14

      550,000      587,892

6.999%, 6/4/18

      500,000      540,747

7.175%, 6/18/19

      550,000      593,783

6.375%, 11/15/33

      971,000      899,508

7.721%, 6/4/38

      500,000      536,439

Telefonica Emisiones S.A.U.

      

5.984%, 6/20/11

      900,000      946,077

4.949%, 1/15/15

      230,000      242,868

6.221%, 7/3/17

      473,000      518,723

5.877%, 7/15/19

      290,000      310,601

7.045%, 6/20/36

      1,500,000      1,691,115

Telefonica Europe B.V.

      

8.250%, 9/15/30

      1,000,000      1,226,728

TELUS Corp.

      

8.000%, 6/1/11

      350,000      376,676

Verizon Communications, Inc.

      

7.375%, 9/1/12

      55,000      62,283

4.350%, 2/15/13

      1,500,000      1,591,019

5.550%, 2/15/16

      930,000      1,016,754

5.500%, 2/15/18

      918,000      972,970

8.750%, 11/1/18

      500,000      627,255

7.750%, 12/1/30

      779,000      926,948

5.850%, 9/15/35

      210,000      204,386

6.400%, 2/15/38

      833,000      864,264

8.950%, 3/1/39

      1,250,000      1,695,083

Verizon New England, Inc.

      

6.500%, 9/15/11

      1,563,000      1,661,883

Verizon New York, Inc.
Series A

      

6.875%, 4/1/12

      750,000      816,638
         
        46,565,918
         

Wireless Telecommunication Services (0.3%)

      

Alltel Corp.

      

7.000%, 7/1/12

    $ 300,000    $ 333,511

7.875%, 7/1/32

      150,000      179,727

America Movil S.A.B. de C.V.

      

5.625%, 11/15/17

      934,000      986,661

Cellco Partnership/Verizon Wireless Capital LLC

      

3.750%, 5/20/11

      50,000      51,556

5.250%, 2/1/12

      600,000      639,394

5.550%, 2/1/14

      2,000,000      2,185,684

8.500%, 11/15/18

      1,100,000      1,372,425

New Cingular Wireless Services, Inc.

      

8.125%, 5/1/12

      953,000      1,075,429

8.750%, 3/1/31

      1,835,000      2,369,372

Rogers Communications, Inc.

      

6.375%, 3/1/14

      1,000,000      1,109,767

6.800%, 8/15/18

      500,000      568,775

Vodafone Group plc

      

5.350%, 2/27/12

      500,000      533,107

4.150%, 6/10/14

      500,000      519,213

5.625%, 2/27/17

      1,500,000      1,605,108

4.625%, 7/15/18

      80,000      78,871

7.875%, 2/15/30

      482,000      575,475

6.150%, 2/27/37

      473,000      484,485
         
        14,668,560
         

Total Telecommunication Services

         61,234,478
         

Utilities (1.8%)

      

Electric Utilities (1.3%)

      

Alabama Power Co.

      

5.500%, 10/15/17

      35,000      37,599

Ameren Energy Generating Co.

      

6.300%, 4/1/20

      160,000      160,786

Appalachian Power Co.

      

5.650%, 8/15/12

      500,000      537,336

6.700%, 8/15/37

      210,000      227,618

7.000%, 4/1/38

      90,000      101,241

Carolina Power & Light Co.

      

5.300%, 1/15/19

      1,000,000      1,051,992

CenterPoint Energy Houston Electric LLC

      

7.000%, 3/1/14

      500,000      567,989

Cleco Power LLC

      

6.500%, 12/1/35

      200,000      198,253

Cleveland Electric Illuminating Co.

      

5.700%, 4/1/17

      500,000      522,427

Columbus Southern Power Co.

      

6.600%, 3/1/33

      460,000      496,070

Commonwealth Edison Co.

      

5.950%, 8/15/16

      500,000      548,061

6.150%, 9/15/17

      940,000      1,038,821

5.900%, 3/15/36

      441,000      447,632

Connecticut Light & Power Co.

      

5.500%, 2/1/19

      500,000      527,354

Consolidated Edison Co. of New York, Inc.

      

7.125%, 12/1/18

      250,000      294,955

6.650%, 4/1/19

      500,000      571,462

Series 02-B

      

4.875%, 2/1/13

      922,000      990,900

Series 07-A

      

6.300%, 8/15/37

      444,000      473,146

Series 08-B

      

6.750%, 4/1/38

      500,000      564,075

Series 09-C

      

5.500%, 12/1/39

      170,000      162,413

 

See Notes to Portfolio of Investments.

209

EQ ADVISORS TRUST

EQ/CORE BOND INDEX PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Principal
Amount		    Value
(Note 1)

Consumers Energy Co.

      

6.700%, 9/15/19

    $ 250,000    $ 282,611

Detroit Edison Co.

      

6.400%, 10/1/13

      500,000      560,642

5.600%, 6/15/18

      250,000      264,558

6.625%, 6/1/36

      200,000      221,559

Duke Energy Carolinas LLC

      

6.000%, 1/15/38

      500,000      523,106

Duke Energy Corp.

      

6.300%, 2/1/14

      500,000      556,997

3.350%, 4/1/15

      400,000      397,456

5.050%, 9/15/19

      300,000      303,518

Duke Energy Indiana, Inc.

      

5.000%, 9/15/13

      50,000      52,862

6.050%, 6/15/16

      500,000      543,970

6.450%, 4/1/39

      155,000      168,665

Duke Energy Ohio, Inc.

      

5.700%, 9/15/12

      880,000      953,385

5.450%, 4/1/19

      500,000      533,531

Energy East Corp.

      

6.750%, 7/15/36

      500,000      534,223

Energy Texas Inc.

      

7.125%, 2/1/19

      500,000      560,715

Entergy Gulf States Louisiana LLC

      

5.590%, 10/1/24

      120,000      122,516

Entergy Louisiana LLC

      

5.400%, 11/1/24

      145,000      145,219

Exelon Corp.

      

4.900%, 6/15/15

      35,000      36,478

Exelon Generation Co. LLC

      

5.350%, 1/15/14

      500,000      533,146

6.200%, 10/1/17

      250,000      272,070

6.250%, 10/1/39

      500,000      505,600

FirstEnergy Corp.
Series B

      

6.450%, 11/15/11

      21,000      22,274

Series C

      

7.375%, 11/15/31

      369,000      381,872

FirstEnergy Solutions Corp.

      

6.800%, 8/15/39

      995,000      974,226

Florida Power & Light Co.

      

5.550%, 11/1/17

      500,000      537,894

5.650%, 2/1/37

      15,000      14,760

5.950%, 2/1/38

      1,000,000      1,025,110

5.690%, 3/1/40

      200,000      197,805

Florida Power Corp.

      

4.800%, 3/1/13

      55,000      58,872

4.550%, 4/1/20

      100,000      99,342

6.350%, 9/15/37

      200,000      215,961

6.400%, 6/15/38

      500,000      543,778

5.650%, 4/1/40

      150,000      146,672

FPL Group Capital, Inc.

      

7.875%, 12/15/15

      200,000      242,371

6.000%, 3/1/19

      500,000      535,435

Georgia Power Co.

      

6.000%, 11/1/13

      1,000,000      1,125,018

5.400%, 6/1/18

      500,000      532,750

4.250%, 12/1/19

      165,000      162,006

5.950%, 2/1/39

      250,000      257,798

Hydro Quebec

      

6.300%, 5/11/11

      100,000      106,082

7.500%, 4/1/16

      2,000,000      2,414,272

Illinois Power Co.

      

9.750%, 11/15/18

      1,000,000      1,281,644

Indiana Michigan Power Co.

      

7.000%, 3/15/19

    $ 750,000    $ 846,502

Interstate Power and Light Co.

      

6.250%, 7/15/39

      120,000      125,515

Metropolitan Edison Co.

      

7.700%, 1/15/19

      500,000      582,021

MidAmerican Energy Co.

      

6.750%, 12/30/31

      193,000      215,030

MidAmerican Energy Holdings Co.

      

5.000%, 2/15/14

      170,000      180,319

5.750%, 4/1/18

      750,000      792,572

6.500%, 9/15/37

      1,250,000      1,321,846

MidAmerican Funding LLC

      

6.927%, 3/1/29

      482,000      528,504

Nevada Power Co.

      

7.125%, 3/15/19

      500,000      563,043

Northern States Power Co.

      

5.250%, 3/1/18

      1,000,000      1,047,135

5.350%, 11/1/39

      240,000      227,492

NSTAR

      

4.500%, 11/15/19

      200,000      199,020

NSTAR Electric Co.

      

5.500%, 3/15/40

      100,000      98,738

Oglethorpe Power Corp.

      

5.950%, 11/1/39

      400,000      410,310

Ohio Power Co.

      

6.000%, 6/1/16

      500,000      548,039

5.375%, 10/1/21

      190,000      193,951

Oncor Electric Delivery Co. LLC

      

5.950%, 9/1/13

      500,000      546,022

6.800%, 9/1/18

      500,000      561,723

7.000%, 9/1/22

      40,000      45,600

7.250%, 1/15/33

      250,000      281,203

7.500%, 9/1/38

      500,000      585,009

Pacific Gas & Electric Co.

      

6.250%, 12/1/13

      500,000      564,506

4.800%, 3/1/14

      750,000      804,785

6.050%, 3/1/34

      1,373,000      1,413,936

5.400%, 1/15/40

      200,000      188,244

PacifiCorp

      

5.500%, 1/15/19

      300,000      320,789

5.750%, 4/1/37

      30,000      29,808

6.000%, 1/15/39

      500,000      514,075

Pepco Holdings, Inc.

      

6.450%, 8/15/12

      450,000      482,160

6.125%, 6/1/17

      500,000      523,252

Portland General Electric Co.

      

6.100%, 4/15/19

      200,000      221,749

PPL Electric Utilities Corp.

      

7.125%, 11/30/13

      500,000      578,672

6.250%, 5/15/39

      150,000      160,151

Progress Energy, Inc.

      

6.850%, 4/15/12

      120,000      130,931

6.050%, 3/15/14

      1,000,000      1,100,451

6.000%, 12/1/39

      200,000      194,928

PSEG Power LLC

      

2.500%, 4/15/13§

      150,000      150,091

5.125%, 4/15/20§

      120,000      119,923

Public Service Co. of Colorado

      

6.250%, 9/1/37

      329,000      354,542

Public Service Electric & Gas Co.

      

6.330%, 11/1/13

      1,500,000      1,701,630

5.300%, 5/1/18

      250,000      263,694

5.800%, 5/1/37

      500,000      510,522

 

See Notes to Portfolio of Investments.

210

EQ ADVISORS TRUST

EQ/CORE BOND INDEX PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Principal
Amount		    Value
(Note 1)

Puget Sound Energy, Inc.

      

5.757%, 10/1/39

    $ 200,000    $ 194,202

5.795%, 3/15/40

      130,000      127,247

San Diego Gas & Electric Co.

      

5.350%, 5/15/35

      100,000      96,554

6.125%, 9/15/37

      250,000      268,021

6.000%, 6/1/39

      60,000      63,540

Sierra Pacific Power Co.

      

5.450%, 9/1/13

      500,000      539,684

South Carolina Electric & Gas Co.

      

6.050%, 1/15/38

      500,000      519,425

Southern California Edison Co.

      

5.750%, 3/15/14

      500,000      555,464

5.500%, 8/15/18

      500,000      536,173

5.550%, 1/15/36

      500,000      492,074

5.950%, 2/1/38

      555,000      576,807

5.500%, 3/15/40

      200,000      196,052

Southern Co.

      

4.150%, 5/15/14

      250,000      260,930

Southwestern Electric Power Co.

      

6.450%, 1/15/19

      250,000      269,341

6.200%, 3/15/40

      65,000      64,848

Tampa Electric Co.

      

6.100%, 5/15/18

      125,000      135,513

Toledo Edison Co.

      

7.250%, 5/1/20

      585,000      676,417

TransAlta Corp.

      

4.750%, 1/15/15

      600,000      619,613

6.500%, 3/15/40

      140,000      138,409

Union Electric Co.

      

6.700%, 2/1/19

      500,000      553,101

8.450%, 3/15/39

      160,000      211,691

Virginia Electric & Power Co.

      

5.000%, 6/30/19

      135,000      138,678

Series A

      

5.400%, 1/15/16

      930,000      1,000,955

6.000%, 5/15/37

      500,000      515,840

Series B

      

6.000%, 1/15/36

      55,000      56,703

Wisconsin Electric Power Co.

      

4.250%, 12/15/19

      600,000      586,768

Wisconsin Power & Light Co.

      

5.000%, 7/15/19

      200,000      202,458

7.600%, 10/1/38

      115,000      140,575
         
        58,434,415
         

Gas Utilities (0.2%)

      

Atmos Energy Corp.

      

8.500%, 3/15/19

      300,000      368,060

Boardwalk Pipelines LP

      

5.750%, 9/15/19

      400,000      413,222

Consolidated Natural Gas Co.

      

6.250%, 11/1/11

      100,000      107,138

El Paso Natural Gas Co.

      

5.950%, 4/15/17

      500,000      520,840

Enbridge Energy Partners LP

      

5.200%, 3/15/20

      60,000      60,262

EQT Corp.

      

8.125%, 6/1/19

      450,000      534,618

ONEOK, Inc.

      

6.000%, 6/15/35

      25,000      23,853

Panhandle Eastern Pipeline Co.

      

6.200%, 11/1/17

      250,000      265,420

Plains All American Pipeline LP

      

8.750%, 5/1/19

      200,000      243,994

Plains All American Pipeline LP / PAA Finance Corp.

      

6.125%, 1/15/17

    $ 200,000    $ 214,767

Sempra Energy

      

6.000%, 10/15/39

      635,000      623,190

Southern California Gas Co.

      

5.500%, 3/15/14

      1,250,000      1,359,996

Southern Union Co.

      

7.600%, 2/1/24

      300,000      334,621

Spectra Energy Capital LLC

      

8.000%, 10/1/19

      345,000      406,680

Williams Partners LP

      

3.800%, 2/15/15§

      350,000      349,372

5.250%, 3/15/20§

      720,000      721,468

6.300%, 4/15/40§

      380,000      377,608
         
        6,925,109
         

Independent Power Producers & Energy Traders (0.1%)

      

Tennessee Valley Authority

      

6.790%, 5/23/12

      190,000      211,785

4.750%, 8/1/13

      2,000,000      2,173,118

5.500%, 7/18/17

      478,000      532,465

6.750%, 11/1/25

      492,000      582,410

5.880%, 4/1/36

      35,000      37,562

6.150%, 1/15/38

      488,000      542,945

5.250%, 9/15/39

      300,000      296,663

5.375%, 4/1/56

      500,000      499,995
         
        4,876,943
         

Multi-Utilities (0.2%)

      

Alliant Energy Corp.

      

4.000%, 10/15/14

      200,000      201,564

Avista Corp.

      

5.125%, 4/1/22

      115,000      115,429

CenterPoint Energy, Inc.

      

6.500%, 5/1/18

      500,000      529,436

Dominion Resources, Inc.

      

5.150%, 7/15/15

      271,000      290,868

5.600%, 11/15/16

      80,000      86,353

6.000%, 11/30/17

      941,000      1,026,162

5.200%, 8/15/19

      170,000      173,999

7.000%, 6/15/38

      500,000      570,000

DTE Energy Co.

      

7.625%, 5/15/14

      1,100,000      1,251,409

NiSource Finance Corp.

      

5.400%, 7/15/14

      500,000      527,282

10.750%, 3/15/16

      250,000      317,786

6.400%, 3/15/18

      250,000      268,053

6.800%, 1/15/19

      500,000      543,559

PG&E Corp.

      

5.750%, 4/1/14

      500,000      546,183

Sempra Energy

      

6.500%, 6/1/16

      1,000,000      1,117,186

9.800%, 2/15/19

      1,000,000      1,299,606
         
        8,864,875
         

Total Utilities

         79,101,342
         

Total Corporate Bonds

         902,090,484
         

Government Securities (75.2%)

      

Agency ABS (1.2%)

      

Federal Farm Credit Bank

      

1.750%, 2/21/13

    $ 2,000,000      1,995,192

2.375%, 11/4/13

      200,000      200,217

Federal Home Loan Bank

      

0.700%, 4/18/11

      5,000,000      5,004,835

0.750%, 7/8/11

      1,000,000      1,000,233

 

See Notes to Portfolio of Investments.

211

EQ ADVISORS TRUST

EQ/CORE BOND INDEX PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Principal
Amount		    Value
(Note 1)

1.375%, 10/19/11

    $ 600,000    $ 600,312

1.000%, 12/28/11

      1,000,000      999,802

1.250%, 2/10/12

      400,000      399,494

1.125%, 3/23/12

      200,000      199,499

1.350%, 4/9/12

      400,000      399,459

1.550%, 8/10/12

      400,000      400,524

1.750%, 12/14/12

      1,000,000      1,003,177

1.850%, 12/21/12

      200,000      199,224

2.000%, 2/19/13

      200,000      200,179

1.625%, 3/20/13

      6,000,000      5,993,628

2.350%, 10/7/13

      200,000      200,178

3.000%, 1/29/15

      200,000      200,111

Federal Home Loan Mortgage Corp.

      

0.750%, 9/15/11

      200,000      199,323

1.250%, 12/15/11

      200,000      199,395

1.000%, 12/22/11

      200,000      199,291

1.250%, 1/19/12

      200,000      199,749

1.250%, 1/27/12

      200,000      199,895

1.300%, 3/30/12

      400,000      398,360

1.125%, 4/25/12

      400,000      399,270

1.250%, 6/15/12

      200,000      198,751

2.000%, 11/5/12

      1,000,000      1,004,207

1.700%, 12/17/12

      600,000      597,953

1.875%, 3/8/13

      400,000      398,533

1.800%, 3/18/13

      200,000      198,746

2.000%, 3/29/13

      1,000,000      998,190

2.125%, 6/18/13

      200,000      198,875

2.200%, 12/17/13

      200,000      198,443

3.150%, 1/22/15

      1,000,000      1,003,940

3.000%, 2/17/15

      200,000      198,838

3.000%, 3/16/15

      200,000      199,923

3.125%, 3/16/15

      200,000      200,546

3.000%, 3/17/15

      100,000      100,526

3.050%, 4/9/15

      200,000      199,549

4.750%, 1/22/20

      200,000      201,801

Federal National Mortgage Association

      

5.000%, 10/15/11

      5,000,000      5,312,790

0.875%, 1/12/12^

      2,000,000      1,992,146

1.000%, 4/4/12

      5,000,000      4,979,510

1.550%, 9/17/12

      100,000      99,403

1.500%, 9/24/12

      200,000      199,301

2.050%, 10/19/12

      1,000,000      1,000,776

1.750%, 12/28/12

      400,000      399,405

2.050%, 1/28/13

      400,000      399,256

1.800%, 2/8/13

      400,000      399,687

1.750%, 2/22/13

      5,000,000      5,003,950

1.800%, 3/15/13

      400,000      398,184

1.850%, 3/25/13

      400,000      398,205

2.000%, 4/8/13

      400,000      399,425

2.150%, 4/12/13

      150,000      150,490

1.750%, 5/7/13

      600,000      598,472

2.050%, 8/26/13

      200,000      199,389

2.125%, 9/10/13

      200,000      200,342

2.100%, 9/16/13

      400,000      398,044

3.125%, 11/10/14

      600,000      606,067

3.125%, 1/21/15

      400,000      403,620

3.000%, 3/9/15

      400,000      400,505

4.000%, 1/20/17

      1,400,000      1,410,977

6.000%, 3/9/20

      200,000      213,055

4.300%, 3/30/20

      200,000      198,695
         
        52,451,862
         

Foreign Governments (1.6%)

      

Canadian Government Bond

      

2.375%, 9/10/14

      1,000,000      998,112

Council Of Europe Development Bank

      

2.750%, 2/10/15

    $ 500,000    $ 497,742

Export-Import Bank of Korea

      

8.125%, 1/21/14

      1,000,000      1,160,113

5.875%, 1/14/15

      700,000      754,567

4.125%, 9/9/15

      400,000      401,244

Federative Republic of Brazil

      

6.000%, 1/17/17

      3,000,000      3,259,500

8.000%, 1/15/18

      2,222,222      2,590,000

5.875%, 1/15/19

      2,000,000      2,150,000

8.875%, 4/15/24

      115,000      151,800

8.750%, 2/4/25

      500,000      660,000

8.250%, 1/20/34

      3,155,000      4,022,625

7.125%, 1/20/37

      50,000      56,925

Hungary Government International Bond

      

4.750%, 2/3/15^

      500,000      514,290

Israel Government AID Bond

      

5.500%, 4/26/24

      1,500,000      1,633,200

Oesterreichische Kontrollbank AG

      

4.875%, 2/16/16

      1,943,000      2,089,782

Province of British Columbia

      

6.500%, 1/15/26

      300,000      344,512

7.250%, 9/1/36

      1,000,000      1,272,517

Province of Manitoba

      

4.900%, 12/6/16

      650,000      702,859

Province of Nova Scotia

      

5.125%, 1/26/17

      1,025,000      1,124,384

Province of Ontario

      

2.625%, 1/20/12

      4,700,000      4,822,863

5.125%, 7/17/12

      75,000      81,029

3.500%, 7/15/13

      1,000,000      1,043,126

5.450%, 4/27/16

      700,000      771,511

4.000%, 10/7/19

      500,000      490,962

Province of Quebec

      

4.600%, 5/26/15

      1,270,000      1,362,308

5.125%, 11/14/16

      20,000      21,901

4.625%, 5/14/18

      1,000,000      1,043,571

7.125%, 2/9/24

      100,000      120,110

7.500%, 9/15/29

      2,070,000      2,694,231

Republic of Chile

      

5.500%, 1/15/13

      350,000      381,850

Republic of Italy

      

3.500%, 7/15/11

      1,200,000      1,235,795

5.625%, 6/15/12

      1,998,000      2,159,029

2.125%, 10/5/12

      1,000,000      1,002,933

4.500%, 1/21/15

      2,002,000      2,101,239

5.375%, 6/12/17

      1,000,000      1,074,715

6.875%, 9/27/23

      503,000      576,867

5.375%, 6/15/33

      1,525,000      1,512,492

Republic of Korea

      

4.250%, 6/1/13^

      500,000      522,887

5.750%, 4/16/14

      500,000      546,040

4.875%, 9/22/14

      45,000      47,802

7.125%, 4/16/19

      700,000      820,162

Republic of Malaysia

      

7.500%, 7/15/11

      500,000      537,902

Republic of Peru

      

8.375%, 5/3/16

      500,000      608,250

7.125%, 3/30/19

      1,000,000      1,158,500

7.350%, 7/21/25

      500,000      580,000

6.550%, 3/14/37

      678,000      725,460

Republic of Poland

      

6.250%, 7/3/12

      500,000      544,001

5.000%, 10/19/15

      500,000      527,625

6.375%, 7/15/19

      1,090,000      1,194,115

 

See Notes to Portfolio of Investments.

212

EQ ADVISORS TRUST

EQ/CORE BOND INDEX PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Principal
Amount		    Value
(Note 1)

Republic of South Africa

      

6.500%, 6/2/14

    $ 500,000    $ 550,625

6.875%, 5/27/19

      1,445,000      1,612,981

5.875%, 5/30/22

      605,000      618,613

State of Israel

      

4.625%, 6/15/13

      300,000      319,629

5.500%, 11/9/16

      464,000      510,448

5.125%, 3/26/19

      575,000      595,568

United Mexican States

      

5.875%, 2/17/14

      2,000,000      2,231,000

6.625%, 3/3/15

      474,000      535,620

5.625%, 1/15/17

      574,000      614,180

5.950%, 3/19/19

      1,000,000      1,080,000

8.125%, 12/30/19^

      1,458,000      1,815,210

8.300%, 8/15/31

      1,468,000      1,886,380

6.750%, 9/27/34

      886,000      974,600

6.050%, 1/11/40

      550,000      548,625
         
        68,586,927
         

Municipal Bonds (0.4%)

      

American Municipal Power-Ohio, Inc.

      

6.449%, 2/15/44

      200,000      203,450

Bay Area Toll Authority California State

      

6.263%, 4/1/49

      1,000,000      999,350

Central Puget Sound Washington Regional Transportation Authority

      

5.491%, 11/1/39

      200,000      196,374

City of San Antonio, Texas

      

5.985%, 2/1/39

      125,000      131,291

Clark County, Nevada Airport Revenue

      

6.881%, 7/1/42

      200,000      201,006

6.820%, 7/1/45

      300,000      307,809

Indianapolis, Indiana Local Public Improvement

      

6.116%, 1/15/40

      200,000      202,422

Los Angeles Department of Airports

      

6.582%, 5/15/39

      200,000      202,966

Los Angeles Department of Water & Power

      

6.008%, 7/1/39

      200,000      197,292

Los Angeles, California Unified School District

      

5.755%, 7/1/29

      200,000      186,546

5.750%, 7/1/34

      400,000      365,980

6.758%, 7/1/34

      1,155,000      1,194,085

Metropolitan Transportation Authority

      

5.871%, 11/15/39

      200,000      180,714

6.668%, 11/15/39

      150,000      150,915

Municipal Electric Authority of Georgia

      

6.637%, 4/1/57

      200,000      198,374

7.055%, 4/1/57

      200,000      193,890

New Jersey State Turnpike Authority

      

7.414%, 1/1/40

      365,000      425,017

New Jersey Transportation Trust Fund Authority

      

6.875%, 12/15/39

      200,000      205,600

New York City Municipal Water Finance Authority

      

5.750%, 6/15/41

      400,000      389,380

5.952%, 6/15/42

      400,000      403,112

6.011%, 6/15/42

      65,000      65,587

New York State Urban Development Corp.

      

5.770%, 3/15/39

      200,000      197,746

Pennsylvania State Turnpike Commission

      

6.105%, 12/1/39

      500,000      509,880

Port of Seattle
Series 2009

      

7.000%, 5/1/36

      1,000,000      1,006,710

San Diego County, California Water Authority

      

6.138%, 5/1/49

      200,000      205,160

State of California

      

4.850%, 10/1/14

    $ 500,000    $ 511,840

5.450%, 4/1/15

      250,000      260,705

5.950%, 4/1/16

      35,000      36,391

5.750%, 3/1/17

      200,000      203,546

6.200%, 3/1/19

      200,000      204,312

6.200%, 10/1/19

      400,000      409,092

6.650%, 3/1/22

      200,000      207,230

7.500%, 4/1/34

      1,500,000      1,547,775

7.950%, 3/1/36

      200,000      204,866

7.550%, 4/1/39

      665,000      687,524

7.300%, 10/1/39

      200,000      200,708

7.350%, 11/1/39

      450,000      454,414

7.625%, 3/1/40

      165,000      171,793

State of Georgia

      

4.503%, 11/1/25

      200,000      202,098

State of Illinois

      

2.766%, 1/1/12

      200,000      201,370

3.321%, 1/1/13

      200,000      200,936

4.071%, 1/1/14

      200,000      201,584

4.421%, 1/1/15

      200,000      201,584

5.100%, 6/1/33

      3,000,000      2,459,460

State of Illinois Toll Highway Authority

      

6.184%, 1/1/34

      110,000      112,257

5.851%, 12/1/34

      200,000      195,720

State of Massachusetts

      

5.456%, 12/1/39

      400,000      399,344

State of New York

      

5.206%, 10/1/31

      300,000      273,123

State of Utah

      

4.554%, 7/1/24

      240,000      240,281

State of Washington

      

5.481%, 8/1/39

      200,000      203,106

University of Virginia

      

6.200%, 9/1/39

      250,000      272,773

Utah Transit Authority

      

5.937%, 6/15/39

      80,000      83,478
         
        18,867,966
         

Supranational (1.4%)

      

African Development Bank

      

1.000%, 11/23/11

      500,000      498,862

1.875%, 1/23/12

      500,000      506,302

1.750%, 10/1/12

      300,000      301,428

3.000%, 5/27/14

      500,000      509,986

Asian Development Bank

      

2.125%, 3/15/12

      3,000,000      3,054,600

2.750%, 5/21/14

      600,000      609,871

5.500%, 6/27/16

      1,000,000      1,121,040

Corp. Andina de Fomento

      

8.125%, 6/4/19

      875,000      1,027,913

Eksportfinans A/S

      

5.000%, 2/14/12

      1,930,000      2,059,586

3.000%, 11/17/14

      500,000      501,921

European Bank for Reconstruction & Development

      

1.250%, 6/10/11

      1,500,000      1,507,974

3.625%, 6/17/13

      400,000      419,315

European Investment Bank

      

2.625%, 5/16/11

      385,000      393,170

3.125%, 7/15/11

      2,000,000      2,059,784

3.250%, 10/14/11

      2,500,000      2,587,307

2.000%, 2/10/12

      2,500,000      2,538,012

1.750%, 9/14/12

      2,000,000      2,013,648

1.625%, 3/15/13^

      1,000,000      994,748

2.375%, 3/14/14

      3,000,000      2,998,407

 

See Notes to Portfolio of Investments.

213

EQ ADVISORS TRUST

EQ/CORE BOND INDEX PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Principal
Amount		    Value
(Note 1)

4.625%, 5/15/14

    $ 3,760,000    $ 4,071,715

3.125%, 6/4/14

      1,000,000      1,025,371

2.875%, 1/15/15

      1,000,000      1,003,306

4.875%, 2/16/16

      1,018,000      1,104,466

4.875%, 1/17/17

      55,000      59,665

5.125%, 5/30/17

      2,500,000      2,746,605

4.875%, 2/15/36

      500,000      494,750

Export Development Canada

      

2.625%, 11/15/11

      1,000,000      1,025,145

2.375%, 3/19/12

      1,000,000      1,023,702

1.750%, 9/24/12

      500,000      503,572

3.500%, 5/16/13

      500,000      523,756

Inter-American Development Bank

      

5.000%, 4/5/11

      1,907,000      1,990,717

4.750%, 10/19/12

      500,000      540,453

1.750%, 10/22/12

      2,000,000      2,012,054

3.000%, 4/22/14

      1,500,000      1,545,147

4.250%, 9/10/18

      1,467,000      1,527,454

International Bank for Reconstruction & Development

      

2.000%, 4/2/12

      2,000,000      2,034,978

3.500%, 10/8/13

      1,000,000      1,051,297

5.000%, 4/1/16

      500,000      546,099

7.625%, 1/19/23

      491,000      647,486

4.750%, 2/15/35

      540,000      522,368

International Finance Corp.

      

3.500%, 5/15/13

      500,000      523,472

3.000%, 4/22/14

      1,545,000      1,567,937

Japan Finance Corp.

      

2.000%, 6/24/11

      2,600,000      2,625,849

2.125%, 11/5/12

      1,000,000      1,010,157

Korea Development Bank

      

5.300%, 1/17/13

      100,000      106,159

5.750%, 9/10/13

      70,000      75,929

8.000%, 1/23/14

      1,000,000      1,153,242

Nordic Investment Bank

      

1.625%, 1/28/13

      500,000      499,258

2.625%, 10/6/14

      1,000,000      1,000,211

5.000%, 2/1/17

      500,000      540,713

Svensk Exportkredit AB

      

4.875%, 9/29/11

      500,000      527,461

3.250%, 9/16/14

      500,000      510,807

5.125%, 3/1/17

      250,000      271,995
         
        62,117,170
         

U.S. Government Agencies (41.3%)

      

Federal Farm Credit Bank

      

5.375%, 7/18/11

      1,920,000      2,034,482

3.875%, 8/25/11

      960,000      1,000,941

2.000%, 1/17/12

      1,000,000      1,016,816

2.125%, 6/18/12

      2,000,000      2,034,070

1.875%, 12/7/12

      600,000      602,961

2.625%, 4/17/14

      50,000      50,490

3.750%, 6/17/14

      500,000      503,882

3.000%, 9/22/14

      1,000,000      1,015,044

3.700%, 4/1/16

      500,000      500,000

5.125%, 8/25/16

      485,000      537,513

4.875%, 1/17/17

      4,895,000      5,304,060

Federal Home Loan Bank

      

1.375%, 5/16/11

      50,000      50,406

1.625%, 7/27/11

      3,800,000      3,842,115

5.375%, 8/19/11

      35,000      37,125

4.875%, 11/18/11

      8,830,000      9,385,866

2.250%, 4/13/12

      5,000,000      5,105,705

5.750%, 5/15/12

      100,000      109,411

1.875%, 6/20/12

    $ 50,000    $ 50,608

2.000%, 7/27/12

      1,000,000      1,004,141

2.000%, 10/5/12

      1,000,000      1,005,554

2.000%, 12/28/12

      1,000,000      999,077

3.375%, 2/27/13

      6,000,000      6,273,912

5.125%, 8/14/13^

      3,000,000      3,307,653

4.500%, 9/16/13

      120,000      129,762

2.500%, 10/15/13

      400,000      399,726

3.625%, 10/18/13

      5,000,000      5,280,805

5.500%, 8/13/14

      3,000,000      3,376,002

5.375%, 5/18/16

      100,000      111,124

4.750%, 12/16/16

      5,025,000      5,379,373

4.875%, 5/17/17

      2,130,000      2,302,764

5.250%, 6/5/17

      950,000      1,046,605

5.000%, 11/17/17

      3,040,000      3,322,547

5.500%, 7/15/36

      860,000      885,051

Federal Home Loan Bank/Illinois

      

5.625%, 6/13/16

      1,000,000      1,050,296

Federal Home Loan Mortgage Corp.

      

4.000%, 6/1/10

      95,960      96,276

5.125%, 4/18/11

      290,000      303,655

1.750%, 4/20/11

      1,000,000      1,000,558

1.625%, 4/26/11

      2,550,000      2,577,558

1.700%, 6/29/11

      1,000,000      1,002,814

1.750%, 7/27/11

      2,000,000      2,001,998

1.625%, 8/11/11

      1,000,000      1,001,407

1.500%, 8/24/11

      1,500,000      1,505,471

5.500%, 9/15/11^

      5,000,000      5,336,565

2.000%, 10/14/11

      1,000,000      1,000,601

1.125%, 12/15/11

      2,000,000      2,004,568

5.750%, 1/15/12

      75,000      81,129

4.750%, 3/5/12^

      3,900,000      4,168,694

2.125%, 3/23/12

      5,000,000      5,090,390

2.200%, 4/20/12

      1,000,000      1,000,960

2.000%, 4/27/12

      550,000      555,910

2.050%, 5/11/12

      2,000,000      2,003,680

1.750%, 6/15/12

      5,050,000      5,098,773

2.000%, 6/15/12

      1,050,000      1,053,067

5.125%, 7/15/12

      75,000      81,347

2.250%, 8/24/12

      1,000,000      1,006,951

2.000%, 9/28/12

      1,000,000      1,001,101

2.000%, 10/1/12

      2,000,000      2,000,000

2.500%, 4/8/13

      1,750,000      1,776,971

3.500%, 5/29/13

      5,000,000      5,249,835

4.875%, 11/15/13^

      3,844,000      4,218,479

2.500%, 1/7/14

      4,170,000      4,218,343

4.500%, 1/15/14

      170,000      184,011

5.500%, 2/1/14

      35,509      38,006

3.000%, 4/21/14

      500,000      500,834

2.500%, 4/23/14

      50,000      50,408

2.750%, 4/29/14

      1,000,000      1,004,035

5.000%, 7/15/14

      5,000,000      5,517,925

3.000%, 7/28/14

      800,000      817,718

3.625%, 8/25/14

      150,000      151,821

3.000%, 12/30/14

      800,000      804,551

4.500%, 1/15/15

      1,916,000      2,071,918

4.750%, 11/17/15

      8,836,000      9,612,340

5.125%, 10/18/16^

      1,500,000      1,646,447

6.000%, 2/1/17

      62,178      67,527

6.000%, 4/1/17

      52,160      56,675

4.340%, 12/18/17

      2,000,000      2,009,660

4.875%, 6/13/18

      12,000,000      12,841,116

3.750%, 3/27/19

      1,025,000      999,922

4.000%, 12/1/20

      126,791      131,065

5.500%, 3/1/21

      164,110      176,857

 

See Notes to Portfolio of Investments.

214

EQ ADVISORS TRUST

EQ/CORE BOND INDEX PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Principal
Amount		    Value
(Note 1)

4.500%, 4/1/21

    $ 5,801,797    $ 6,080,782

4.500%, 6/1/21

      118,051      123,507

5.000%, 7/1/21

      176,717      188,038

4.500%, 8/1/21

      183,802      192,755

6.000%, 9/1/21

      37,588      40,833

5.000%, 5/1/22

      216,539      228,922

5.000%, 6/1/22

      29,695      31,393

5.500%, 6/1/22

      11,153      11,965

5.000%, 8/1/22

      116,575      123,241

5.500%, 8/1/22

      728,640      782,324

6.000%, 9/1/22

      1,227,423      1,328,781

5.000%, 11/1/22

      97,602      103,168

5.500%, 11/1/22

      96,594      103,476

5.000%, 1/1/23

      676,846      715,149

5.000%, 2/1/23

      146,697      154,995

5.500%, 2/1/23

      784,130      839,264

5.000%, 3/1/23

      2,075,508      2,193,955

5.000%, 4/1/23

      1,738,788      1,837,138

5.000%, 5/1/23

      3,926,302      4,159,363

5.500%, 5/1/23

      95,079      102,002

5.000%, 6/1/23

      1,269,819      1,341,643

5.000%, 7/1/23

      6,163,969      6,512,618

5.000%, 8/1/23

      68,403      72,272

5.500%, 8/1/23

      10,314,786      11,040,044

6.000%, 8/1/23

      607,932      656,994

5.000%, 9/1/23

      19,087      20,167

6.000%, 9/1/23

      87,257      94,422

5.000%, 10/1/23

      370,676      391,642

5.500%, 10/1/23

      141,773      151,874

5.000%, 11/1/23

      1,388,061      1,466,573

5.500%, 11/1/23

      173,626      185,834

4.500%, 12/1/23

      4,778,510      4,960,505

5.000%, 12/1/23

      17,141      18,110

5.000%, 1/1/24

      2,546,124      2,690,139

6.000%, 1/1/24

      760,745      821,189

5.000%, 2/1/24

      460,637      486,692

6.000%, 2/1/24

      994,141      1,073,129

5.000%, 3/1/24

      564,922      596,875

5.000%, 4/1/24

      935,962      988,903

4.000%, 5/1/24

      4,426,204      4,497,956

4.000%, 7/1/24

      7,620,419      7,743,953

4.500%, 7/1/24

      18,169,262      18,861,255

4.000%, 8/1/24

      1,911,851      1,942,844

4.000%, 2/1/25

      12,997,463      13,208,163

5.000%, 8/1/26

      112,993      117,848

5.500%, 8/1/26

      57,477      61,136

6.500%, 9/1/27

      67,236      73,300

6.750%, 3/15/31

      690,000      837,574

6.250%, 7/15/32

      1,756,000      2,032,468

4.696%, 2/1/34(l)

      102,906      107,211

5.000%, 4/1/34

      707,221      734,902

5.000%, 10/1/34

      3,946,322      4,098,317

4.759%, 1/1/35(l)

      750,450      782,106

2.375%, 2/1/35(l)

      149,443      153,769

6.000%, 2/1/35

      379,111      410,447

5.000%, 5/1/35

      9,243,464      9,593,704

4.721%, 8/1/35(l)

      83,720      87,365

5.500%, 10/1/35

      147,570      156,107

5.500%, 11/1/35

      6,378,612      6,747,625

5.000%, 12/1/35

      7,271,142      7,535,289

5.000%, 3/1/36

      708,787      733,871

6.000%, 3/1/36

      250,213      269,018

5.328%, 4/1/36(l)

      776,579      815,893

5.543%, 4/1/36(l)

      1,226,797      1,294,449

4.500%, 5/1/36

      131,938      133,366

5.000%, 5/1/36

    $ 103,846    $ 107,521

6.000%, 6/1/36

      11,848,636      12,739,134

5.000%, 8/1/36

      76,872      79,448

6.500%, 8/1/36

      18,109,836      19,735,477

5.500%, 9/1/36

      568,370      600,363

6.000%, 9/1/36

      266,418      286,191

5.000%, 10/1/36

      19,421,622      20,127,173

5.877%, 11/1/36(l)

      506,359      529,682

6.000%, 11/1/36

      3,180,602      3,416,663

6.500%, 11/1/36

      127,925      139,408

5.500%, 12/1/36

      311,647      329,190

6.500%, 12/1/36

      81,034      88,105

5.500%, 1/1/37

      2,864,060      3,025,276

5.534%, 1/1/37(l)

      4,575,330      4,791,583

5.637%, 1/1/37(l)

      1,090,681      1,141,078

5.500%, 4/1/37

      4,272,058      4,522,375

6.000%, 4/1/37

      33,591      36,042

5.500%, 5/1/37

      78,622      83,048

5.745%, 5/1/37(l)

      6,225,944      6,607,282

6.000%, 5/1/37

      420,535      451,090

5.395%, 6/1/37(l)

      378,730      400,353

5.448%, 6/1/37(l)

      3,532,098      3,710,851

5.541%, 6/1/37(l)

      428,393      454,199

6.000%, 6/1/37

      1,261,871      1,365,384

5.426%, 7/1/37(l)

      685,622      721,374

5.500%, 8/1/37

      380,640      402,374

6.000%, 8/1/37

      3,238,542      3,473,842

5.500%, 9/1/37

      187,318      197,862

5.500%, 10/1/37

      2,429,151      2,565,886

6.000%, 10/1/37

      5,334,506      5,747,096

6.500%, 10/1/37

      2,684,194      2,916,754

5.593%, 11/1/37(l)

      4,398,065      4,560,086

6.000%, 11/1/37

      384,743      412,697

6.500%, 11/1/37

      525,003      570,489

5.500%, 12/1/37

      1,491,312      1,575,257

5.293%, 1/1/38(l)

      6,054,075      6,350,131

5.500%, 1/1/38

      223,416      236,132

6.000%, 1/1/38

      1,576,117      1,690,631

6.500%, 1/1/38

      198,501      215,885

5.500%, 2/1/38

      134,170      141,723

6.000%, 2/1/38

      539,298      578,481

6.500%, 2/1/38

      3,378,519      3,671,236

5.000%, 3/1/38

      1,394,294      1,441,024

6.000%, 3/1/38

      104,986      112,614

5.500%, 4/1/38

      19,554,899      20,666,394

5.000%, 5/1/38

      707,277      730,982

5.500%, 5/1/38

      2,829,037      2,988,281

6.000%, 5/1/38

      8,532,669      9,157,953

5.500%, 6/1/38

      1,773,030      1,872,832

5.000%, 7/1/38

      10,962,851      11,330,278

5.500%, 7/1/38

      3,694,004      3,901,936

6.000%, 7/1/38

      11,485,819      12,376,638

5.500%, 8/1/38

      10,441,307      11,029,039

5.500%, 9/1/38

      335,682      354,577

6.000%, 9/1/38

      4,979,635      5,344,500

6.500%, 9/1/38

      269,144      292,462

5.500%, 10/1/38

      9,348,986      9,875,232

6.000%, 10/1/38

      3,221,655      3,455,728

6.500%, 10/1/38

      1,306,861      1,420,088

5.000%, 11/1/38

      9,575,511      9,938,333

6.000%, 11/1/38

      94,911      101,806

5.000%, 12/1/38

      1,238,705      1,280,220

5.500%, 12/1/38

      6,904,563      7,301,846

6.000%, 12/1/38

      14,848,228      15,954,884

6.500%, 12/1/38

      7,898,189      8,582,493

 

See Notes to Portfolio of Investments.

215

EQ ADVISORS TRUST

EQ/CORE BOND INDEX PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Principal
Amount		    Value
(Note 1)

5.000%, 1/1/39

    $ 123,220    $ 127,349

5.500%, 1/1/39

      27,719,952      29,313,765

4.500%, 2/1/39

      11,000,761      11,037,287

5.500%, 2/1/39

      607,013      641,181

6.500%, 2/1/39

      1,624,690      1,765,454

5.000%, 3/1/39

      4,138,690      4,277,401

5.500%, 3/1/39

      467,596      493,916

4.000%, 4/1/39

      3,482,997      3,380,004

4.500%, 4/1/39

      3,419,155      3,430,507

4.000%, 5/1/39

      12,706,689      12,330,949

4.000%, 6/1/39

      2,945,539      2,858,439

4.500%, 6/1/39

      24,960,512      25,043,388

4.500%, 7/1/39

      10,967,804      11,004,221

5.000%, 7/1/39

      15,570,093      16,091,934

4.500%, 8/1/39

      1,041,672      1,047,409

5.000%, 8/1/39

      1,918,607      1,983,810

5.500%, 8/1/39

      4,487,105      4,745,289

4.500%, 9/1/39

      4,583,146      4,598,364

5.000%, 9/1/39

      3,934,252      4,068,570

4.500%, 10/1/39

      14,805,386      14,854,544

4.500%, 2/1/40

      5,000,597      5,018,763

5.000%, 4/15/25 TBA

      5,000,000      5,277,344

4.500%, 4/15/40 TBA

      8,000,000      8,015,625

5.000%, 4/15/40 TBA

      13,000,000      13,423,515

5.500%, 4/15/40 TBA

      5,000,000      5,280,078

Federal National Mortgage Association

      

2.000%, 4/1/11

      2,000,000      2,000,000

5.500%, 4/1/11

      4,175      4,464

1.750%, 4/15/11

      2,000,000      2,000,736

2.125%, 4/15/11

      250,000      250,136

5.125%, 4/15/11

      365,000      382,417

6.000%, 5/15/11

      2,101,000      2,227,905

1.250%, 9/28/11

      1,000,000      1,000,445

1.000%, 11/23/11

      2,335,000      2,336,978

1.430%, 12/8/11

      500,000      500,891

2.000%, 1/9/12

      2,000,000      2,031,396

2.250%, 4/9/12

      1,000,000      1,000,417

2.150%, 4/13/12

      1,000,000      1,000,582

1.875%, 4/20/12

      50,000      50,649

1.500%, 4/26/12

      1,000,000      1,000,541

4.875%, 5/18/12

      250,000      268,843

1.750%, 8/10/12

      10,000,000      10,066,830

2.000%, 9/28/12

      3,000,000      3,015,588

1.875%, 10/29/12

      1,000,000      1,000,140

3.625%, 2/12/13

      3,000,000      3,161,943

4.375%, 3/15/13

      115,000      123,778

2.170%, 3/21/13

      250,000      250,502

4.625%, 10/15/13

      4,799,000      5,223,328

5.125%, 1/2/14

      90,000      97,740

2.750%, 2/5/14

      5,000,000      5,093,320

3.150%, 2/18/14

      250,000      252,395

2.750%, 3/13/14

      5,150,000      5,242,195

2.900%, 4/7/14

      500,000      503,016

3.000%, 5/12/14

      1,000,000      1,003,149

2.500%, 5/15/14

      150,000      150,853

3.000%, 7/28/14

      1,000,000      1,007,448

3.000%, 9/15/14

      250,000      251,382

3.000%, 9/29/14

      1,000,000      1,013,326

3.125%, 9/29/14

      1,000,000      1,002,292

4.625%, 10/15/14

      5,000,000      5,430,375

2.625%, 11/20/14^

      1,000,000      1,000,064

4.375%, 10/15/15

      1,434,000      1,530,057

3.450%, 4/8/16

      1,000,000      1,000,564

5.375%, 7/15/16

      2,000,000      2,225,546

5.250%, 9/15/16

      100,000      110,355

4.875%, 12/15/16

    $ 1,400,000    $ 1,510,489

5.500%, 2/1/17

      78,808      84,817

5.000%, 2/13/17

      1,635,000      1,780,626

5.500%, 6/1/17

      25,476      27,444

5.375%, 6/12/17

      5,150,000      5,702,688

5.500%, 8/1/17

      26,752      28,860

5.500%, 10/1/17

      22,637      24,399

5.500%, 1/1/18

      69,295      74,687

5.500%, 4/1/18

      80,347      86,587

5.500%, 11/1/18

      761,047      820,358

5.500%, 3/1/19

      81,181      87,487

5.500%, 5/1/19

      206,642      222,689

4.250%, 5/21/19

      500,000      502,575

5.500%, 7/1/19

      17,019      18,333

5.500%, 8/1/19

      138,314      148,991

5.500%, 9/1/19

      57,059      61,463

5.500%, 11/1/19

      74,295      80,004

5.500%, 6/1/20

      691,298      744,905

4.500%, 8/1/20

      194,312      203,777

4.000%, 9/1/20

      88,412      91,378

5.500%, 10/1/20

      130,842      140,996

5.500%, 1/1/21

      195,961      210,905

5.500%, 2/1/21

      49,291      53,010

5.000%, 6/1/21

      224,037      238,267

5.500%, 6/1/21

      48,804      52,487

6.000%, 8/1/21

      369,005      400,646

6.000%, 10/1/21

      55,133      59,688

5.500%, 7/1/22

      1,163,032      1,245,630

5.500%, 9/1/22

      124,244      133,543

5.000%, 12/1/22

      1,623,083      1,712,987

5.500%, 12/1/22

      2,520,172      2,694,615

5.000%, 1/1/23

      204,523      215,852

5.000%, 3/1/23

      639,782      675,220

5.500%, 3/1/23

      303,453      324,742

4.000%, 4/1/23

      1,506,648      1,534,603

4.500%, 4/1/23

      391,901      406,827

5.000%, 4/1/23

      985,136      1,039,703

4.500%, 5/1/23

      1,007,918      1,046,305

5.000%, 5/1/23

      1,118,329      1,180,274

6.000%, 5/1/23

      1,878,476      2,026,626

4.000%, 6/1/23

      926,398      943,586

4.500%, 6/1/23

      5,083,201      5,306,050

5.000%, 6/1/23

      11,350,449      11,979,157

5.000%, 7/1/23

      4,247,023      4,482,268

6.000%, 7/1/23

      2,409,980      2,600,048

5.000%, 8/1/23

      2,604,582      2,748,851

5.500%, 8/1/23

      3,073,366      3,286,101

5.500%, 9/1/23

      200,255      214,242

5.000%, 10/1/23

      17,650      18,628

4.500%, 4/1/24

      11,353,153      11,785,548

4.000%, 6/1/24

      5,609,280      5,699,336

4.500%, 7/1/24

      4,652,994      4,830,207

4.000%, 8/1/24

      1,773,742      1,802,218

4.500%, 8/1/24

      10,423,716      10,820,713

5.800%, 2/9/26

      481,000      497,158

5.500%, 4/1/26

      62,360      66,168

5.000%, 5/1/26

      80,565      83,917

6.000%, 10/1/26

      791,199      848,469

7.125%, 1/15/30

      1,474,000      1,852,336

7.250%, 5/15/30

      1,000,000      1,271,230

6.625%, 11/15/30

      4,100,000      4,899,779

7.000%, 4/1/32

      20,016      22,522

6.500%, 6/1/32

      35,803      39,354

6.500%, 8/1/32

      40,806      44,859

6.500%, 9/1/32

      360,354      396,085

 

See Notes to Portfolio of Investments.

216

EQ ADVISORS TRUST

EQ/CORE BOND INDEX PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Principal
Amount		    Value
(Note 1)

5.500%, 12/1/32

    $ 15,602    $ 16,536

5.000%, 1/1/33

      805,396      835,881

5.500%, 3/1/33

      804,539      852,560

5.500%, 6/1/33

      45,979      48,724

6.000%, 6/1/33

      22,849      24,692

5.000%, 7/1/33

      279,113      289,635

5.000%, 8/1/33

      1,937,457      2,010,418

5.000%, 11/1/33

      741,468      769,303

5.500%, 11/1/33

      5,012,053      5,311,210

4.723%, 1/1/34(l)

      3,370,322      3,528,589

5.000%, 2/1/34

      380,754      394,809

6.000%, 2/1/34

      754,885      815,777

5.000%, 3/1/34

      1,173,630      1,217,687

5.000%, 4/1/34

      728,998      755,908

5.000%, 5/1/34

      907,640      941,145

4.235%, 6/1/34(l)

      53,999      56,733

5.000%, 7/1/34

      1,153,384      1,195,600

5.000%, 8/1/34

      1,679,203      1,742,239

5.500%, 8/1/34

      55,031      58,221

6.000%, 8/1/34

      457,793      494,649

5.500%, 11/1/34

      1,617,817      1,711,600

5.000%, 12/1/34

      1,265,472      1,312,186

2.583%, 1/1/35(l)

      108,139      112,153

5.000%, 2/1/35

      266,048      275,537

6.500%, 2/1/35

      493,505      538,749

5.000%, 3/1/35

      342,151      354,674

6.000%, 4/1/35

      2,489,902      2,691,137

5.000%, 5/1/35

      2,173,782      2,251,308

5.500%, 5/1/35

      35,273,854      37,285,568

5.000%, 6/1/35

      3,542,041      3,667,258

5.000%, 7/1/35

      6,767,792      7,017,619

5.500%, 8/1/35

      2,965,145      3,135,816

4.500%, 9/1/35

      5,509,387      5,570,291

4.837%, 9/1/35(l)

      198,002      206,439

5.000%, 9/1/35

      371,670      385,622

5.500%, 9/1/35

      4,696,627      4,955,675

4.500%, 10/1/35

      119,319      120,638

5.000%, 10/1/35

      7,193,752      7,441,319

5.500%, 10/1/35

      12,111,795      12,782,042

5.000%, 11/1/35

      14,401,433      14,910,469

5.500%, 12/1/35

      14,076,417      14,855,870

6.500%, 1/1/36

      190,773      206,653

5.000%, 2/1/36

      5,618,785      5,812,150

5.000%, 3/1/36

      4,508,856      4,664,024

6.000%, 3/1/36

      8,159,470      8,709,278

6.000%, 4/1/36

      4,064,233      4,317,771

5.000%, 6/1/36

      1,049,789      1,084,604

5.500%, 6/1/36

      6,506,294      6,860,301

6.052%, 6/1/36(l)

      132,590      139,303

5.000%, 7/1/36

      12,901,785      13,329,661

5.500%, 7/1/36

      946,308      998,650

6.000%, 7/1/36

      545,249      578,752

7.000%, 7/1/36

      41,007      44,937

6.000%, 8/1/36

      208,281      221,078

6.500%, 8/1/36

      1,858,278      2,007,095

6.000%, 9/1/36

      4,168,544      4,430,371

6.500%, 9/1/36

      8,180,834      8,833,703

6.000%, 10/1/36

      3,558,552      3,778,094

6.500%, 10/1/36

      1,352,876      1,464,224

6.000%, 11/1/36

      1,091,583      1,158,418

6.000%, 12/1/36

      2,266,111      2,404,296

6.500%, 12/1/36

      1,200,638      1,294,954

6.000%, 1/1/37

      668,438      708,884

5.000%, 2/1/37

      295,658      305,094

5.500%, 2/1/37

      157,939      167,571

6.000%, 2/1/37

    $ 4,282,036    $ 4,541,132

5.500%, 4/1/37

      173,117      184,072

6.000%, 4/1/37

      2,451,892      2,605,267

7.000%, 4/1/37

      1,410,117      1,541,709

5.500%, 5/1/37

      162,522      172,604

6.000%, 6/1/37

      389,512      413,017

5.000%, 7/1/37

      1,046,962      1,080,375

5.500%, 7/1/37

      392,309      417,135

6.500%, 7/1/37

      4,305,138      4,643,327

5.625%, 7/15/37

      491,000      513,629

5.500%, 8/1/37

      4,451,741      4,689,842

6.000%, 8/1/37

      6,139,634      6,507,292

6.500%, 8/1/37

      177,391      191,326

5.000%, 9/1/37

      148,679      153,424

5.826%, 9/1/37(l)

      5,795,817      6,107,580

6.000%, 9/1/37

      15,376,673      16,314,438

5.500%, 10/1/37

      234,248      248,851

6.500%, 10/1/37

      1,348,141      1,454,044

5.000%, 11/1/37

      102,059      105,316

5.500%, 11/1/37

      531,682      559,845

6.000%, 11/1/37

      1,990,322      2,138,043

7.500%, 11/1/37

      391,215      427,458

5.500%, 12/1/37

      887,934      934,967

6.500%, 12/1/37

      2,719,314      2,932,929

5.000%, 1/1/38

      649,770      670,507

6.000%, 1/1/38

      2,649,627      2,808,557

5.000%, 2/1/38

      19,721,480      20,381,788

5.500%, 2/1/38

      2,036,163      2,144,017

5.000%, 3/1/38

      2,869,021      2,960,583

6.000%, 3/1/38

      3,185,873      3,376,652

4.500%, 4/1/38

      573,264      575,123

5.500%, 4/1/38

      304,203      323,833

4.500%, 5/1/38

      905,568      908,504

5.000%, 5/1/38

      532,692      549,692

5.500%, 5/1/38

      1,923,024      2,047,119

6.000%, 5/1/38

      13,346,734      14,145,973

5.000%, 6/1/38

      350,268      361,446

5.500%, 6/1/38

      43,767,549      46,089,983

6.000%, 6/1/38

      4,934,544      5,244,722

4.965%, 7/1/38(l)

      7,530,618      7,928,785

5.500%, 7/1/38

      11,293,918      11,893,544

6.000%, 7/1/38

      412,043      439,778

6.000%, 8/1/38

      1,382,035      1,482,689

5.500%, 9/1/38

      2,487,345      2,626,951

6.000%, 9/1/38

      7,972,123      8,449,644

6.500%, 9/1/38

      263,791      285,832

6.000%, 10/1/38

      6,314,806      6,693,389

4.000%, 11/1/38

      380,444      369,373

6.500%, 11/1/38

      1,909,121      2,068,637

5.500%, 12/1/38

      5,182,244      5,516,660

4.500%, 1/1/39

      45,142      45,289

5.000%, 1/1/39

      9,449,706      9,751,285

6.000%, 1/1/39

      851,979      902,998

4.000%, 2/1/39

      3,885,737      3,772,656

4.500%, 2/1/39

      8,356,360      8,383,453

5.459%, 2/1/39(l)

      7,179,568      7,619,316

4.500%, 3/1/39

      12,092,125      12,134,801

5.000%, 3/1/39

      1,825,272      1,884,950

4.500%, 4/1/39

      2,836,351      2,845,546

6.000%, 4/1/39

      23,016      24,395

4.500%, 5/1/39

      12,575,840      12,622,507

4.000%, 6/1/39

      4,886,255      4,744,057

4.500%, 6/1/39

      20,221,085      20,286,645

4.000%, 7/1/39

      224,991      218,443

4.500%, 7/1/39

      18,023,923      18,086,807

 

See Notes to Portfolio of Investments.

217

EQ ADVISORS TRUST

EQ/CORE BOND INDEX PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Principal
Amount		    Value
(Note 1)

4.000%, 8/1/39

    $ 18,398,670    $ 17,863,239

4.000%, 9/1/39

      7,907,479      7,677,359

4.000%, 1/1/40

      1,990,259      1,932,339

4.500%, 1/1/40

      9,939,319      9,980,863

4.500%, 2/1/40

      12,477,349      12,523,652

4.000%, 4/25/25 TBA

      3,500,000      3,550,039

4.500%, 4/25/25 TBA

      7,000,000      7,257,578

5.000%, 4/25/25 TBA

      6,000,000      6,326,719

5.500%, 4/25/25 TBA

      6,000,000      6,413,437

4.500%, 4/25/40 TBA

      3,500,000      3,506,563

5.000%, 4/25/40 TBA

      29,275,000      30,192,130

6.500%, 4/25/40 TBA

      10,000,000      10,837,500

Government National Mortgage Association

      

5.000%, 8/15/21

      40,218      42,870

4.500%, 8/15/24

      2,499,114      2,613,722

6.000%, 1/15/29

      14,919      16,188

6.000%, 6/15/29

      9,403      10,199

6.000%, 12/15/31

      16,523      17,911

7.000%, 2/15/32

      16,420      18,179

6.500%, 5/15/32

      186,106      204,404

6.000%, 7/15/32

      16,533      17,922

6.000%, 1/15/33

      12,895      13,991

6.500%, 1/15/33

      160,345      176,110

6.500%, 2/15/33

      202,218      222,413

7.000%, 2/15/33

      12,790      14,144

5.500%, 4/15/33

      25,885      27,591

4.500%, 8/15/33

      36,848      37,735

5.000%, 11/15/33

      73,565      77,128

6.500%, 6/15/34

      199,684      219,317

6.500%, 8/15/34

      1,627,667      1,787,700

6.000%, 9/15/34

      338,626      365,915

6.000%, 12/15/34

      28,315      30,544

6.000%, 1/15/35

      105,000      113,264

6.000%, 2/15/35

      51,805      55,883

6.000%, 3/15/35

      211,771      228,440

5.500%, 4/15/35

      258,129      275,029

6.000%, 5/15/35

      18,308      19,844

6.000%, 7/15/35

      123,114      133,400

6.000%, 9/15/35

      18,639      20,176

6.000%, 10/15/35

      40,783      43,866

6.000%, 12/15/35

      57,520      61,867

6.500%, 12/15/35

      1,855,318      2,037,734

6.000%, 1/15/36

      23,902      25,709

6.000%, 2/15/36

      8,532      9,161

6.000%, 3/15/36

      40,434      43,414

6.000%, 4/15/36

      32,722      35,134

6.000%, 5/15/36

      316,546      339,879

5.000%, 6/15/36

      205,868      215,067

6.000%, 6/15/36

      748,173      802,451

6.000%, 7/15/36

      651,196      697,976

6.000%, 8/15/36

      579,689      623,077

6.500%, 8/15/36

      50,382      54,768

6.000%, 9/15/36

      396,181      424,641

6.000%, 10/15/36

      950,602      1,018,890

6.500%, 2/15/37

      44,478      48,490

6.500%, 3/15/37

      16,321      17,629

5.500%, 5/15/37

      1,593,669      1,688,542

6.000%, 6/15/37

      77,557      82,934

5.500%, 7/15/37

      74,842      79,298

6.500%, 8/15/37

      4,591      5,017

6.500%, 9/15/37

      12,598      13,585

6.000%, 10/15/37

      159,916      170,954

5.000%, 11/15/37

      575,629      599,374

5.000%, 12/15/37

      766,936      798,573

5.500%, 12/15/37

      163,493      173,175

6.500%, 12/15/37

    $ 438,896    $ 473,270

6.000%, 1/15/38

      1,632,886      1,745,593

5.000%, 2/15/38

      96,152      100,118

6.000%, 2/15/38

      245,714      262,650

6.500%, 3/15/38

      42,312      45,768

6.000%, 4/15/38

      4,257,121      4,580,229

6.000%, 5/15/38

      761,461      813,782

5.500%, 6/15/38

      968,398      1,025,442

6.000%, 6/15/38

      2,114,998      2,260,321

5.500%, 7/15/38

      447,944      474,331

6.000%, 7/15/38

      3,297,936      3,543,656

6.500%, 7/15/38

      25,464      27,443

5.500%, 8/15/38

      520,877      551,560

6.000%, 8/15/38

      723,526      773,240

6.500%, 8/15/38

      1,033,749      1,114,066

6.000%, 9/15/38

      579,354      619,162

6.500%, 9/15/38

      1,542,007      1,661,813

5.500%, 10/15/38

      334,961      354,692

6.000%, 10/15/38

      10,539,586      11,264,404

6.500%, 10/15/38

      1,173,359      1,264,523

6.000%, 11/15/38

      1,956,104      2,090,509

6.500%, 11/15/38

      408,573      440,317

5.500%, 12/15/38

      9,984,719      10,572,880

6.000%, 12/15/38

      1,681,638      1,797,185

6.500%, 12/15/38

      2,019,126      2,183,743

5.500%, 1/15/39

      27,858,859      29,499,919

6.000%, 1/15/39

      1,799,293      1,922,924

6.500%, 1/15/39

      274,181      295,483

5.000%, 2/15/39

      23,077,962      24,022,716

6.000%, 2/15/39

      676,435      722,913

6.000%, 3/15/39

      148,209      158,392

4.500%, 4/15/39

      13,176,313      13,353,370

4.500%, 5/15/39

      9,738,783      9,871,170

5.000%, 5/15/39

      286,116      297,829

4.000%, 6/15/39

      732,317      718,186

4.500%, 6/15/39

      13,770,410      13,955,450

5.000%, 6/15/39

      8,420,416      8,767,868

6.000%, 6/15/39

      277,159      296,203

4.000%, 7/15/39

      2,081,800      2,041,902

5.000%, 7/15/39

      434,513      452,763

5.500%, 7/15/39

      347,054      367,498

4.000%, 8/15/39

      1,556,138      1,526,109

5.000%, 8/15/39

      1,985,109      2,066,375

6.000%, 8/15/39

      153,826      164,395

4.000%, 9/15/39

      1,054,206      1,033,863

4.500%, 9/15/39

      4,957,903      5,024,525

5.000%, 9/15/39

      5,974,263      6,223,501

5.500%, 10/15/39

      10,037,533      10,628,806

6.000%, 10/15/39

      228,858      244,583

5.000%, 11/15/39

      4,955,318      5,162,048

4.500%, 12/15/39

      7,967,001      8,075,303

4.500%, 1/15/40

      5,734,533      5,811,590

4.500%, 4/15/40 TBA

      6,500,000      6,573,125

5.000%, 4/15/40 TBA

      25,000,000      25,974,610
         
        1,819,810,894
         

U.S. Treasuries (29.3%)

      

U.S. Treasury Bonds

      

11.250%, 2/15/15

      1,920,000      2,695,200

9.250%, 2/15/16

      2,604,000      3,508,890

7.250%, 5/15/16

      4,432,000      5,502,603

7.500%, 11/15/16

      5,019,000      6,338,450

8.750%, 5/15/17

      5,000,000      6,757,810

8.875%, 8/15/17

      2,903,000      3,963,730

8.875%, 2/15/19^

      200,000      279,172

 

See Notes to Portfolio of Investments.

218

EQ ADVISORS TRUST

EQ/CORE BOND INDEX PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Principal
Amount		    Value
(Note 1)

8.125%, 8/15/19

    $ 195,000    $ 262,214

8.500%, 2/15/20

      7,891,000      10,914,239

8.750%, 8/15/20

      2,175,000      3,074,228

7.875%, 2/15/21

      3,000,000      4,035,000

8.125%, 5/15/21

      6,000,000      8,217,186

8.000%, 11/15/21

      6,987,000      9,519,788

7.250%, 8/15/22

      3,000,000      3,899,064

7.625%, 11/15/22

      2,000,000      2,678,438

7.125%, 2/15/23

      6,085,000      7,842,044

6.250%, 8/15/23

      2,390,000      2,872,108

6.750%, 8/15/26

      4,947,000      6,283,462

6.500%, 11/15/26

      4,000,000      4,965,000

6.625%, 2/15/27

      3,409,000      4,285,754

6.375%, 8/15/27

      5,422,000      6,661,437

6.125%, 11/15/27

      6,950,000      8,324,793

5.500%, 8/15/28

      4,500,000      5,040,702

5.250%, 11/15/28

      1,000,000      1,088,750

5.250%, 2/15/29

      4,170,000      4,537,481

6.125%, 8/15/29

      5,994,000      7,217,148

6.250%, 5/15/30

      6,150,000      7,527,981

5.375%, 2/15/31

      7,107,000      7,862,119

4.500%, 2/15/36

      2,000,000      1,953,438

4.750%, 2/15/37

      4,244,000      4,302,355

5.000%, 5/15/37

      4,474,000      4,710,983

4.375%, 2/15/38

      7,046,000      6,700,309

4.500%, 5/15/38

      6,455,000      6,262,357

3.500%, 2/15/39

      7,125,000      5,765,685

4.250%, 5/15/39

      10,680,000      9,895,682

4.500%, 8/15/39

      14,150,000      13,663,594

4.375%, 11/15/39

      10,500,000      9,929,062

4.625%, 2/15/40

      11,000,000      10,841,875

U.S. Treasury Notes

      

0.875%, 4/30/11

      250,000      251,026

4.875%, 4/30/11

      5,300,000      5,550,096

0.875%, 5/31/11

      10,000,000      10,042,970

4.875%, 5/31/11

      10,300,000      10,821,839

1.125%, 6/30/11

      2,000,000      2,014,532

5.125%, 6/30/11

      14,787,000      15,628,011

1.000%, 7/31/11

      14,500,000      14,574,762

4.875%, 7/31/11

      5,000,000      5,283,010

5.000%, 8/15/11

      10,000,000      10,600,780

1.000%, 8/31/11

      13,100,000      13,160,378

4.625%, 8/31/11

      6,000,000      6,333,984

1.000%, 9/30/11

      22,000,000      22,088,506

4.500%, 9/30/11

      13,155,000      13,893,943

1.000%, 10/31/11

      15,000,000      15,052,155

1.750%, 11/15/11

      8,150,000      8,272,886

0.750%, 11/30/11^

      13,000,000      12,982,229

4.500%, 11/30/11

      11,916,000      12,643,996

1.125%, 12/15/11

      15,400,000      15,468,576

1.000%, 12/31/11

      15,000,000      15,029,880

4.625%, 12/31/11

      8,414,000      8,961,894

1.125%, 1/15/12

      10,150,000      10,187,271

0.875%, 1/31/12

      10,000,000      9,988,280

1.375%, 2/15/12

      10,000,000      10,077,730

4.875%, 2/15/12

      10,000,000      10,732,030

0.875%, 2/29/12

      20,000,000      19,958,600

4.625%, 2/29/12

      3,000,000      3,209,298

1.375%, 3/15/12

      8,000,000      8,061,248

4.500%, 3/31/12

      7,661,000      8,190,689

1.375%, 4/15/12

      200,000      201,391

4.500%, 4/30/12^

      4,790,000      5,131,288

1.375%, 5/15/12

      15,000,000      15,092,580

1.875%, 6/15/12

      10,000,000      10,163,280

1.500%, 7/15/12^

      4,550,000      4,585,545

4.625%, 7/31/12

    $ 5,000,000    $ 5,396,485

1.750%, 8/15/12

      15,100,000      15,285,217

4.375%, 8/15/12

      690,000      741,426

4.125%, 8/31/12

      3,830,000      4,093,312

1.375%, 9/15/12

      10,000,000      10,021,880

4.250%, 9/30/12

      10,000,000      10,728,910

1.375%, 10/15/12^

      18,000,000      18,022,500

1.375%, 11/15/12

      20,000,000      19,995,320

1.125%, 12/15/12

      10,000,000      9,913,280

3.625%, 12/31/12

      5,767,000      6,107,611

1.375%, 1/15/13

      15,000,000      14,951,955

3.875%, 2/15/13

      10,000,000      10,671,090

2.750%, 2/28/13

      9,000,000      9,314,298

3.125%, 4/30/13

      6,705,000      7,008,817

3.625%, 5/15/13

      4,315,000      4,577,607

3.375%, 6/30/13

      6,707,000      7,057,548

3.375%, 7/31/13

      9,586,000      10,087,770

4.250%, 8/15/13

      10,415,000      11,270,988

3.125%, 8/31/13

      5,000,000      5,217,190

3.125%, 9/30/13

      10,000,000      10,427,340

2.750%, 10/31/13

      7,667,000      7,889,220

4.250%, 11/15/13

      500,000      541,601

2.000%, 11/30/13

      5,752,000      5,761,888

1.500%, 12/31/13

      4,943,000      4,851,861

1.750%, 1/31/14

      9,200,000      9,095,782

4.000%, 2/15/14

      465,000      499,766

1.875%, 2/28/14

      5,350,000      5,304,857

1.750%, 3/31/14

      10,125,000      9,973,125

1.875%, 4/30/14

      9,675,000      9,557,845

4.750%, 5/15/14^

      15,000,000      16,560,930

2.250%, 5/31/14

      15,300,000      15,320,318

2.625%, 6/30/14

      15,250,000      15,475,181

2.625%, 7/31/14

      19,885,000      20,156,868

4.250%, 8/15/14^

      5,000,000      5,421,875

2.375%, 8/31/14

      200,000      200,469

2.375%, 9/30/14

      20,000,000      20,006,240

2.375%, 10/31/14

      22,000,000      21,970,784

4.250%, 11/15/14

      5,000,000      5,418,360

2.625%, 12/31/14

      25,000,000      25,179,700

2.250%, 1/31/15^

      3,000,000      2,967,423

4.000%, 2/15/15

      13,135,000      14,062,659

2.500%, 3/31/15

      15,000,000      14,957,850

4.125%, 5/15/15

      15,000,000      16,132,035

4.250%, 8/15/15

      15,000,000      16,195,320

2.625%, 2/29/16

      6,000,000      5,896,872

2.375%, 3/31/16

      7,000,000      6,770,316

2.625%, 4/30/16

      5,000,000      4,894,920

5.125%, 5/15/16

      2,889,000      3,242,452

3.250%, 5/31/16

      5,150,000      5,214,777

3.250%, 6/30/16

      9,000,000      9,101,250

4.875%, 8/15/16

      12,614,000      13,978,873

3.000%, 8/31/16

      15,200,000      15,089,557

3.000%, 9/30/16

      15,000,000      14,859,375

3.125%, 10/31/16

      15,000,000      14,948,430

2.750%, 11/30/16

      10,000,000      9,724,220

3.250%, 12/31/16

      10,000,000      10,013,280

3.125%, 1/31/17

      15,000,000      14,893,365

4.625%, 2/15/17

      4,058,000      4,421,633

4.500%, 5/15/17

      3,500,000      3,778,908

4.750%, 8/15/17

      6,070,000      6,639,536

4.250%, 11/15/17

      9,867,000      10,437,431

3.500%, 2/15/18

      9,675,000      9,704,480

3.875%, 5/15/18

      11,206,000      11,488,772

4.000%, 8/15/18

      7,000,000      7,210,546

3.750%, 11/15/18

      16,860,000      16,987,765

 

See Notes to Portfolio of Investments.

219

EQ ADVISORS TRUST

EQ/CORE BOND INDEX PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Principal
Amount		    Value
(Note 1)		  

2.750%, 2/15/19

    $ 17,350,000    $ 16,104,322   

3.125%, 5/15/19

      25,375,000      24,167,708   

3.625%, 8/15/19

      18,275,000      18,052,264   

3.375%, 11/15/19

      25,000,000      24,123,050   
           
        1,290,551,417   
           

Total Government Securities

         3,312,386,236   
           

Total Long-Term Debt Securities (99.2%)
(Cost $4,282,713,693)

         4,370,697,180   
           
     Principal
Amount		    Value
(Note 1)		  

SHORT-TERM INVESTMENTS:

      

Short-Term Investment of Cash Collateral for Securities Loaned (0.6%)

      

Goldman Sachs & Co., Repurchase Agreement

      

0.01%, 4/1/10 (v)

    $ 24,260,159      24,260,159   
           

Time Deposit (5.0%)

      

JPMorgan Chase Nassau

      

0.000%, 4/1/10

      222,444,279      222,444,279   
           

Total Short-Term Investments (5.6%)
(Amortized Cost $246,704,438)

         246,704,438   
           

Total Investments (104.8%)
(Cost/Amortized Cost $4,529,418,131)

         4,617,401,618   

Other Assets Less Liabilities (-4.8%)

         (210,144,182 ) 
           

Net Assets (100%)

       $ 4,407,257,436   
           

 

^ All, or a portion of security out on loan (See Note 1).

 

† Securities (totaling $0 or 0.0% of net assets) at fair value by management.

 

§ Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may only be resold to qualified institutional buyers. At March 31, 2010, the market value of these securities amounted to $10,967,191 or 0.2% of net assets. Securities denoted with “§” but without “b” have been determined to be liquid under the guidelines established by the Board of Trustees. To the extent any securities might provide a right to demand registration, such rights have not been relied upon when determining liquidity.

 

(b) Illiquid Security.

 

(h) Security in default.

 

(l) Floating Rate Security. Rate disclosed is as of March 31, 2010.

 

(v) Represents the Portfolio’s undivided interest in a joint repurchase agreement. The repurchase agreement was fully collateralized by U.S. government agency securities at the date of this Portfolio of Investments as follows: Government National Mortgage Association, 3.500%-15.000%, maturing 7/15/10 to 3/20/40, which had a total value of $24,745,362.

Glossary:

CMO — Collateralized Mortgage Obligation

TBA — Security is subject to delayed delivery.

 

See Notes to Portfolio of Investments.

220

EQ ADVISORS TRUST

EQ/CORE BOND INDEX PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

The following is a summary of the inputs used to value the Portfolio’s assets and liabilities carried at fair value as of March 31, 2010:

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, money market securities are valued using amortized cost, in accordance with rules under the Investment Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active market, such securities are reflected as Level 2.

Various inputs are used in determining the value of the Portfolio’s investments. These inputs are summarized in the three broad levels listed below:

 

Investment Type

    Level 1
Quoted prices in active
markets for identical
securities		    Level 2
Significant other
observable inputs
(including quoted prices
for similar securities,
interest rates,
prepayment speeds,
credit risk, etc.)		    Level 3
Significant unobservable
inputs (including the
Portfolio’s own
assumptions in
determining the fair
value of investments)		    Total

Assets:

            

Asset-Backed and Mortgage-Backed Securities

            

Asset-Backed Securities

    $ —      $ 15,701,305    $ —      $ 15,701,305

Non-Agency CMO

      —        140,519,155      —        140,519,155

Corporate Bonds

            

Consumer Discretionary

      —        58,773,288      —        58,773,288

Consumer Staples

      —        71,555,421      —        71,555,421

Energy

      —        74,824,564      —        74,824,564

Financials

      —        382,172,640      —        382,172,640

Health Care

      —        51,286,740      —        51,286,740

Industrials

      —        54,120,530      —        54,120,530

Information Technology

      —        29,357,968      —        29,357,968

Materials

      —        39,663,513      —        39,663,513

Telecommunication Services

      —        61,234,478      —        61,234,478

Utilities

      —        79,101,342      —        79,101,342

Government Securities

            

Agency ABS

      —        52,451,862      —        52,451,862

Foreign Governments

      —        68,586,927      —        68,586,927

Municipal Bonds

      —        18,867,966      —        18,867,966

Supranational

      —        62,117,170      —        62,117,170

U.S. Government Agencies

      —        1,819,810,894      —        1,819,810,894

U.S. Treasuries

      —        1,290,551,417      —        1,290,551,417

Short-Term Investments

      —        246,704,438      —        246,704,438
                           

Total Assets

    $ —      $ 4,617,401,618    $ —      $ 4,617,401,618
                           

Total Liabilities

    $ —      $ —      $ —      $ —  
                           

Total

    $ —      $ 4,617,401,618    $ —      $ 4,617,401,618
                           

Investment security transactions for the three months ended March 31, 2010 were as follows:

 

Cost of Purchases:

   

Stocks and long-term corporate debt securities

    $ 659,547,774

Long-term U.S. Treasury securities

      270,011,378
      
   $ 929,559,152
      

 

Net Proceeds of Sales and Redemptions:

   

Stocks and long-term corporate debt securities

    $ 634,402,591

Long-term U.S. Treasury securities

      120,455,867
      
   $ 754,858,458
      

 

See Notes to Portfolio of Investments.

221

EQ ADVISORS TRUST

EQ/CORE BOND INDEX PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

As of March 31, 2010, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investments for Federal income tax purposes was as follows:

 

Aggregate gross unrealized appreciation

    $ 140,549,808   

Aggregate gross unrealized depreciation

      (55,390,562 ) 
        

Net unrealized appreciation

    $ 85,159,246   
        

Federal income tax cost of investments

    $ 4,532,242,372   
        

At March 31, 2010, the Portfolio had loaned securities with a total value of $23,783,649. This was secured by collateral of $24,260,159, which was received as cash and subsequently invested in short-term investments currently valued at $24,260,159, as reported in the Portfolio of Investments.

The Portfolio has a net capital loss carryforward of $403,960,463 of which $959,420 expires in the year 2013, $6,549,439 expires in the year 2015, $195,283,000 expires in the year 2016 and $201,168,604 expires in the year 2017.

Included in the capital loss carryforward amounts are $130,392,762 of losses acquired from EQ/Bond Index and the EQ/Long Term Bond as a result of a tax free reorganization that occurred during the year 2009. Certain capital loss carryforwards may be subject to limitations on use pursuant to applicable U.S. Federal Income Tax Law. Therefore, it is possible not all of these capital losses will be available for use.

 

See Notes to Portfolio of Investments.

222

EQ ADVISORS TRUST

EQ/DAVIS NEW YORK VENTURE PORTFOLIO

PORTFOLIO OF INVESTMENTS

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

COMMON STOCKS:

      

Consumer Discretionary (6.8%)

      
Automobiles (0.8%)      

Harley-Davidson, Inc.

    118,820    $ 3,335,277
         
Diversified Consumer Services (0.7%)      

H&R Block, Inc.

    164,340      2,925,252
         
Household Durables (0.2%)      

Hunter Douglas N.V.

    13,143      672,963
         
Internet & Catalog Retail (0.6%)      

Amazon.com, Inc.*

    9,370      1,271,790

Liberty Media Corp. - Interactive, Class A*

    74,590      1,141,973
         
        2,413,763
         
Media (2.1%)      

Grupo Televisa S.A. (ADR)

    76,600      1,610,132

Liberty Media Corp. - Starz*

    5,939      324,745

News Corp., Class A

    208,879      3,009,946

Walt Disney Co.

    102,200      3,567,802
         
        8,512,625
         
Specialty Retail (2.4%)      

Bed Bath & Beyond, Inc.*

    149,320      6,534,243

CarMax, Inc.*

    144,260      3,623,812
         
        10,158,055
         

Total Consumer Discretionary

         28,017,935
         

Consumer Staples (14.2%)

      
Beverages (3.5%)      

Coca-Cola Co.

    91,400      5,027,000

Diageo plc (ADR)

    74,225      5,006,476

Heineken Holding N.V.

    97,567      4,340,137
         
        14,373,613
         
Food & Staples Retailing (6.5%)      

Costco Wholesale Corp.

    247,990      14,807,483

CVS Caremark Corp.

    327,770      11,983,271
         
        26,790,754
         
Food Products (1.5%)      

Hershey Co.

    28,380      1,214,948

Mead Johnson Nutrition Co., Class A

    29,610      1,540,608

Nestle S.A. (Registered)

    39,200      2,007,587

Unilever N.V. (N.Y. Shares)

    48,500      1,462,760
         
        6,225,903
         
Household Products (1.7%)      

Procter & Gamble Co.

    114,030      7,214,678
         
Personal Products (0.1%)      

Natura Cosmeticos S.A.

    23,000      469,092
         
Tobacco (0.9%)      

Philip Morris International, Inc.

    74,390      3,880,183
         

Total Consumer Staples

         58,954,223
         

Energy (13.7%)

      
Energy Equipment & Services (0.8%)      

Transocean Ltd.*

    36,994      3,195,542
         
Oil, Gas & Consumable Fuels (12.9%)      

Canadian Natural Resources Ltd.

    137,645      10,191,236

China Coal Energy Co., Class H

    1,630,600      2,545,368

ConocoPhillips

    19,670      1,006,514

Devon Energy Corp.

    175,060    $ 11,279,116

EOG Resources, Inc.

    139,770      12,990,224

Occidental Petroleum Corp.

    161,590      13,660,818

OGX Petroleo e Gas Participacoes S.A.

    210,000      1,964,967
         
        53,638,243
         

Total Energy

         56,833,785
         

Financials (29.6%)

      
Capital Markets (5.7%)      

Ameriprise Financial, Inc.

    65,850      2,986,956

Bank of New York Mellon Corp.

    455,570      14,068,002

GAM Holding Ltd.

    90,300      1,109,052

Goldman Sachs Group, Inc.

    13,560      2,313,743

Julius Baer Group Ltd.

    90,300      3,275,773
         
        23,753,526
         
Commercial Banks (4.4%)      

Wells Fargo & Co.

    592,127      18,426,992
         
Consumer Finance (4.0%)      

American Express Co.

    400,205      16,512,458
         

Diversified Financial Services (3.2%)

      

Bank of America Corp.

    29,164      520,577

JPMorgan Chase & Co.

    213,700      9,563,075

Moody’s Corp.

    107,178      3,188,546
         
        13,272,198
         
Insurance (11.4%)      

Berkshire Hathaway, Inc., Class B*

    243,700      19,805,499

Everest Reinsurance Group Ltd.

    7,475      604,952

Fairfax Financial Holdings Ltd.

    5,650      2,120,858

Loews Corp.

    269,921      10,062,655

Markel Corp.*

    1,012      379,156

Principal Financial Group, Inc.

    31,375      916,464

Progressive Corp.

    478,939      9,142,946

Transatlantic Holdings, Inc.

    77,893      4,112,750
         
        47,145,280
         
Real Estate Management & Development (0.9%)      

Brookfield Asset Management, Inc., Class A

    52,516      1,334,957

Hang Lung Group Ltd.

    465,000      2,467,463
         
        3,802,420
         

Total Financials

         122,912,874
         

Health Care (10.4%)

      
Health Care Equipment & Supplies (1.1%)      

Becton, Dickinson and Co.

    49,300      3,881,389

CareFusion Corp.*

    30,610      809,022
         
        4,690,411
         
Health Care Providers & Services (2.7%)      

Cardinal Health, Inc.

    55,020      1,982,371

Express Scripts, Inc.*

    72,280      7,355,213

Laboratory Corp. of America Holdings*

    22,800      1,726,188
         
        11,063,772
         
Pharmaceuticals (6.6%)      

Johnson & Johnson

    139,440      9,091,488

Merck & Co., Inc.

    299,338      11,180,274

Pfizer, Inc.

    420,200      7,206,430
         
        27,478,192
         

Total Health Care

         43,232,375
         

 

See Notes to Portfolio of Investments.

223

EQ ADVISORS TRUST

EQ/DAVIS NEW YORK VENTURE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Industrials (5.1%)

      
Air Freight & Logistics (0.2%)      

United Parcel Service, Inc., Class B

      11,380    $ 732,986
         
Commercial Services & Supplies (1.5%)      

Iron Mountain, Inc.

      233,136      6,387,926
         
Electrical Equipment (0.7%)      

ABB Ltd. (ADR)*

      121,840      2,660,986
         
Industrial Conglomerates (0.7%)      

Tyco International Ltd.

      79,567      3,043,438
         
Machinery (0.1%)      

PACCAR, Inc.

      13,125      568,837
         
Marine (0.8%)      

China Shipping Development Co., Ltd., Class H

      761,000      1,242,809

Kuehne & Nagel International AG (Registered)

      19,551      1,978,463
         
        3,221,272
         
Transportation Infrastructure (1.1%)      

China Merchants Holdings International Co., Ltd.

      969,506      3,571,223

COSCO Pacific Ltd.

      554,669      840,121

LLX Logistica S.A.*

      48,300      228,416
         
        4,639,760
         

Total Industrials

         21,255,205
         

Information Technology (8.4%)

      
Computers & Peripherals (1.5%)      

Hewlett-Packard Co.

      117,640      6,252,566
         
Electronic Equipment, Instruments & Components (1.2%)      

Agilent Technologies, Inc.*

      147,362      5,067,779
         
Internet Software & Services (1.0%)      

Google, Inc., Class A*

      7,705      4,368,812
         
IT Services (0.3%)      

Visa, Inc., Class A

      13,220      1,203,417
         
Semiconductors & Semiconductor Equipment (1.6%)      

Texas Instruments, Inc.

      270,500      6,619,135
         
Software (2.8%)      

Activision Blizzard, Inc.

      181,900      2,193,714

Microsoft Corp.

      316,861      9,274,521
         
        11,468,235
         

Total Information Technology

         34,979,944
         

Materials (5.2%)

      
Chemicals (0.7%)      

Monsanto Co.

      24,380      1,741,220

Potash Corp. of Saskatchewan, Inc. .

      8,653      1,032,735
         
        2,773,955
         
Construction Materials (0.9%)      

Martin Marietta Materials, Inc.

      14,520      1,213,146

Vulcan Materials Co.

      53,245      2,515,294
         
        3,728,440
         
Containers & Packaging (1.7%)      

Sealed Air Corp.

      328,822    $ 6,931,568
         
Metals & Mining (0.9%)      

BHP Billiton plc.

      51,550      1,767,933

Rio Tinto plc.

      33,138      1,963,704
         
        3,731,637
         
Paper & Forest Products (1.0%)      

Sino-Forest Corp.*

      215,400      4,220,410

Sino-Forest Corp. (ADR)(b)*§

      6,800      133,235
         
        4,353,645
         

Total Materials

         21,519,245
         

Total Common Stocks (93.4%)
(Cost $332,613,475)

         387,705,586
         
     Principal
Amount		    Value
(Note 1)

LONG-TERM DEBT SECURITIES:

      

Convertible Bond (0.5%)

      

Materials (0.5%)

      
Paper & Forest Products (0.5%)      

Sino-Forest Corp.

      

5.000%, 8/1/13(b)§

    $ 1,664,000      2,009,280
         

Total Materials

         2,009,280
         

Total Convertible Bonds

         2,009,280
         

Corporate Bond (1.8%)

      

Consumer Discretionary (1.8%)

      
Automobiles (1.8%)      

Harley-Davidson, Inc.

      

15.000%, 2/1/14

    $ 6,000,000      7,625,082
         

Total Consumer Discretionary

         7,625,082
         

Total Corporate Bonds

         7,625,082
         

Total Long-Term Debt Securities (2.3%)
(Cost $7,664,000)

         9,634,362
         

SHORT-TERM INVESTMENTS:

      

Commercial Paper (3.9%)

      

Intesa Funding LLC

      

0.06%, 4/1/10 (p)

    $ 16,159,000      16,158,973
         

Time Deposit (0.0%)

      

JPMorgan Chase Nassau

      

0.000%, 4/1/10

      84      84
         

Total Short-Term Investments (3.9%)
(Cost/Amortized Cost $16,159,084)

         16,159,057
         

Total Investments (99.6%)
(Cost/Amortized Cost $356,436,559)

         413,499,005

Other Assets Less Liabilities (0.4%)

         1,648,457
         

Net Assets (100%)

       $ 415,147,462
         

 

See Notes to Portfolio of Investments.

224

EQ ADVISORS TRUST

EQ/DAVIS NEW YORK VENTURE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

* Non-income producing.
§ Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may only be resold to qualified institutional buyers. At March 31, 2010, the market value of these securities amounted to $2,142,515 or 0.5% of net assets. Securities denoted with “§” but without “b” have been determined to be liquid under the guidelines established by the Board of Trustees. To the extent any securities might provide a right to demand registration, such rights have not been relied upon when determining liquidity.
(b) Illiquid Security.
(p) Yield to maturity.

Glossary:

ADR — American Depositary Receipt

The following is a summary of the inputs used to value the Portfolio’s assets and liabilities carried at fair value as of March 31, 2010:

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, money market securities are valued using amortized cost, in accordance with rules under the Investment Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active market, such securities are reflected as Level 2.

Various inputs are used in determining the value of the Portfolio’s investments. These inputs are summarized in the three broad levels listed below:

 

Investment Type

    Level 1
Quoted prices in active
markets for identical
securities		    Level 2
Significant other
observable inputs
(including quoted prices
for similar securities,
interest rates,
prepayment speeds,
credit risk, etc.)		    Level 3
Significant unobservable
inputs (including the
Portfolio’s own
assumptions in
determining the fair
value of investments)		    Total

Assets:

            

Common Stocks

            

Consumer Discretionary

    $ 27,344,972    $ 672,963    $ —      $ 28,017,935

Consumer Staples

      52,606,499      6,347,724      —        58,954,223

Energy

      54,288,417      2,545,368      —        56,833,785

Financials

      116,060,586      6,852,288      —        122,912,874

Health Care

      43,232,375      —        —        43,232,375

Industrials

      13,622,589      7,632,616      —        21,255,205

Information Technology

      34,979,944      —        —        34,979,944

Materials

      17,787,608      3,731,637      —        21,519,245

Convertible Bonds

            

Materials

      —        2,009,280      —        2,009,280

Corporate Bonds

            

Consumer Discretionary

      —        7,625,082      —        7,625,082

Short-Term Investments

      —        16,159,057      —        16,159,057
                           

Total Assets

    $ 359,922,990    $ 53,576,015    $ —      $ 413,499,005
                           

Total Liabilities

    $ —      $ —      $ —      $ —  
                           

Total

    $ 359,922,990    $ 53,576,015    $ —      $ 413,499,005
                           

Investment security transactions for the three months ended March 31, 2010 were as follows:

 

Cost of Purchases:

   

Stocks and long-term corporate debt securities

    $ 15,911,343

Net Proceeds of Sales and Redemptions:

   

Stocks and long-term corporate debt securities

    $ 16,850,927

 

See Notes to Portfolio of Investments.

225

EQ ADVISORS TRUST

EQ/DAVIS NEW YORK VENTURE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

As of March 31, 2010, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investments for Federal income tax purposes was as follows:

 

Aggregate gross unrealized appreciation

    $ 52,990,573   

Aggregate gross unrealized depreciation

      (12,504,379 ) 
        

Net unrealized appreciation

    $ 40,486,194   
        

Federal income tax cost of investments

    $ 373,012,811   
        

The Portfolio has a net capital loss carryforward of $575,027,647 of which $41,603,879 expires in the year 2016 and $533,423,768 expires in the year 2017.

 

See Notes to Portfolio of Investments.

226

EQ ADVISORS TRUST

EQ/EQUITY 500 INDEX PORTFOLIO

PORTFOLIO OF INVESTMENTS

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

COMMON STOCKS:

      

Consumer Discretionary (10.1%)

      
Auto Components (0.2%)      

Goodyear Tire & Rubber Co.*

    65,450    $ 827,288

Johnson Controls, Inc.

    181,500      5,987,685
         
        6,814,973
         
Automobiles (0.5%)      

Ford Motor Co.*^

    894,583      11,244,908

Harley-Davidson, Inc.^

    63,350      1,778,235
         
        13,023,143
         
Distributors (0.1%)      

Genuine Parts Co.^

    43,100      1,820,544
         
Diversified Consumer Services (0.2%)      

Apollo Group, Inc., Class A*

    34,750      2,129,828

DeVry, Inc.

    16,680      1,087,536

H&R Block, Inc.

    90,650      1,613,570
         
        4,830,934
         
Hotels, Restaurants & Leisure (1.5%)      

Carnival Corp.

    118,200      4,595,616

Darden Restaurants, Inc.

    37,750      1,681,385

International Game Technology^

    80,300      1,481,535

Marriott International, Inc., Class A .

    68,527      2,159,971

McDonald’s Corp.

    292,000      19,482,240

Starbucks Corp.*

    200,900      4,875,843

Starwood Hotels & Resorts Worldwide, Inc.

    50,600      2,359,984

Wyndham Worldwide Corp.

    48,245      1,241,344

Wynn Resorts Ltd.

    18,679      1,416,429

Yum! Brands, Inc.

    126,480      4,847,978
         
        44,142,325
         
Household Durables (0.4%)      

D.R. Horton, Inc.^

    74,750      941,850

Fortune Brands, Inc.

    40,650      1,971,932

Harman International Industries, Inc.*

    18,700      874,786

Leggett & Platt, Inc.

    41,050      888,322

Lennar Corp., Class A

    43,600      750,356

Newell Rubbermaid, Inc.^

    75,076      1,141,155

Pulte Group, Inc.*^

    85,407      960,829

Stanley Black & Decker, Inc.

    42,596      2,445,436

Whirlpool Corp.^

    20,066      1,750,758
         
        11,725,424
         
Internet & Catalog Retail (0.6%)      

Amazon.com, Inc.*

    90,250      12,249,633

Expedia, Inc.

    57,019      1,423,194

priceline.com, Inc.*

    11,906      3,036,030
         
        16,708,857
         
Leisure Equipment & Products (0.1%)      

Eastman Kodak Co.*

    72,500      419,775

Hasbro, Inc.

    33,708      1,290,342

Mattel, Inc.

    97,750      2,222,835
         
        3,932,952
         
Media (3.0%)      

CBS Corp., Class B

    183,100      2,552,414

Comcast Corp., Class A

    772,250      14,533,745

DIRECTV, Class A*

    258,810      8,750,366

Discovery Communications, Inc., Class A*^

    77,116      2,605,750

Gannett Co., Inc.

    63,850      1,054,802

Interpublic Group of Cos., Inc.*^

    131,426      1,093,464

McGraw-Hill Cos., Inc.

    85,200      3,037,380

Meredith Corp.^

    9,850      338,938

New York Times Co., Class A*

    31,250      347,813

News Corp., Class A

    609,500    $ 8,782,895

Omnicom Group, Inc.

    84,200      3,267,802

Scripps Networks Interactive, Inc., Class A

    24,161      1,071,540

Time Warner Cable, Inc.

    95,297      5,080,283

Time Warner, Inc.^

    315,800      9,875,066

Viacom, Inc., Class B*

    164,200      5,645,196

Walt Disney Co.

    520,300      18,163,673

Washington Post Co., Class B

    1,750      777,315
         
        86,978,442
         
Multiline Retail (0.9%)      

Big Lots, Inc.*

    22,350      813,987

Family Dollar Stores, Inc.

    37,550      1,374,706

J.C. Penney Co., Inc.^

    63,750      2,050,837

Kohl’s Corp.*

    82,900      4,541,262

Macy’s, Inc.

    113,872      2,478,993

Nordstrom, Inc.

    44,700      1,825,995

Sears Holdings Corp.*^

    13,162      1,427,156

Target Corp.

    203,500      10,704,100
         
        25,217,036
         
Specialty Retail (2.1%)      

Abercrombie & Fitch Co., Class A^

    23,734      1,083,220

AutoNation, Inc.*^

    24,939      450,897

AutoZone, Inc.*

    8,100      1,402,029

Bed Bath & Beyond, Inc.*

    71,050      3,109,148

Best Buy Co., Inc.

    92,375      3,929,632

GameStop Corp., Class A*^

    44,513      975,280

Gap, Inc.^

    128,775      2,975,990

Home Depot, Inc.

    460,008      14,881,259

Limited Brands, Inc.

    72,307      1,780,198

Lowe’s Cos., Inc.

    398,150      9,651,156

Office Depot, Inc.*

    76,650      611,667

O’Reilly Automotive, Inc.*^

    37,114      1,548,025

RadioShack Corp.

    33,850      766,026

Ross Stores, Inc.

    33,800      1,807,286

Sherwin-Williams Co.^

    25,750      1,742,760

Staples, Inc.

    195,825      4,580,347

Tiffany & Co.

    33,600      1,595,664

TJX Cos., Inc.

    113,500      4,826,020

Urban Outfitters, Inc.*

    35,008      1,331,354
         
        59,047,958
         
Textiles, Apparel & Luxury Goods (0.5%)      

Coach, Inc.

    86,250      3,408,600

NIKE, Inc., Class B

    105,450      7,750,575

Polo Ralph Lauren Corp.

    15,550      1,322,372

VF Corp.

    24,000      1,923,600
         
        14,405,147
         

Total Consumer Discretionary

         288,647,735
         

Consumer Staples (11.2%)

      
Beverages (2.5%)      

Brown-Forman Corp., Class B

    29,750      1,768,638

Coca-Cola Co.

    626,833      34,475,815

Coca-Cola Enterprises, Inc.

    85,950      2,377,377

Constellation Brands, Inc., Class A*

    53,850      885,294

Dr. Pepper Snapple Group, Inc.

    68,725      2,417,058

Molson Coors Brewing Co., Class B

    42,500      1,787,550

PepsiCo, Inc.

    434,953      28,776,490
         
        72,488,222
         
Food & Staples Retailing (2.7%)      

Costco Wholesale Corp.

    117,950      7,042,795

CVS Caremark Corp.

    381,545      13,949,285

Kroger Co.

    176,000      3,812,160

 

See Notes to Portfolio of Investments.

227

EQ ADVISORS TRUST

EQ/EQUITY 500 INDEX PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Safeway, Inc.^

    109,850    $ 2,730,871

SUPERVALU, Inc.^

    57,279      955,414

Sysco Corp.

    160,100      4,722,950

Walgreen Co.

    267,450      9,919,720

Wal-Mart Stores, Inc.

    577,203      32,092,487

Whole Foods Market, Inc.*^

    37,950      1,371,892
         
        76,597,574
         
Food Products (1.8%)      

Archer-Daniels-Midland Co.

    173,716      5,020,392

Campbell Soup Co.

    51,300      1,813,455

ConAgra Foods, Inc.

    119,750      3,002,133

Dean Foods Co.*^

    48,760      765,044

General Mills, Inc.

    88,350      6,254,297

H.J. Heinz Co.

    85,400      3,895,094

Hershey Co.

    45,000      1,926,450

Hormel Foods Corp.^

    18,829      791,006

J.M. Smucker Co.

    32,247      1,943,204

Kellogg Co.

    68,800      3,675,984

Kraft Foods, Inc., Class A

    469,131      14,186,521

McCormick & Co., Inc. (Non- Voting)

    35,400      1,357,944

Mead Johnson Nutrition Co., Class A

    55,300      2,877,259

Sara Lee Corp.

    188,600      2,627,198

Tyson Foods, Inc., Class A

    82,450      1,578,918
         
        51,714,899
         
Household Products (2.5%)      

Clorox Co.

    37,850      2,427,699

Colgate-Palmolive Co.^

    134,500      11,467,470

Kimberly-Clark Corp.

    112,394      7,067,335

Procter & Gamble Co.

    790,405      50,008,924
         
        70,971,428
         
Personal Products (0.2%)      

Avon Products, Inc.

    115,450      3,910,292

Estee Lauder Cos., Inc., Class A

    31,900      2,069,353
         
        5,979,645
         
Tobacco (1.5%)      

Altria Group, Inc.

    560,500      11,501,460

Lorillard, Inc.

    43,474      3,270,984

Philip Morris International, Inc.

    515,300      26,878,048

Reynolds American, Inc.

    45,700      2,466,886
         
        44,117,378
         

Total Consumer Staples

         321,869,146
         

Energy (10.8%)

      
Energy Equipment & Services (1.8%)      

Baker Hughes, Inc.^

    83,810      3,925,660

BJ Services Co.

    79,300      1,697,020

Cameron International Corp.*

    66,124      2,834,075

Diamond Offshore Drilling, Inc.^

    18,847      1,673,802

FMC Technologies, Inc.*

    33,080      2,137,960

Halliburton Co.

    243,950      7,350,214

Helmerich & Payne, Inc.

    28,819      1,097,428

Nabors Industries Ltd.*

    76,600      1,503,658

National Oilwell Varco, Inc.

    113,197      4,593,534

Rowan Cos., Inc.*

    30,700      893,677

Schlumberger Ltd.

    324,800      20,611,808

Smith International, Inc.

    66,860      2,862,945
         
        51,181,781
         
Oil, Gas & Consumable Fuels (9.0%)      

Anadarko Petroleum Corp.

    132,994      9,685,953

Apache Corp.

    90,930      9,229,395

Cabot Oil & Gas Corp.^

    27,984      1,029,811

Chesapeake Energy Corp.

    175,200      4,141,728

Chevron Corp.

    542,734      41,155,519

ConocoPhillips

    401,384      20,538,819

Consol Energy, Inc.

    48,900    $ 2,086,074

Denbury Resources, Inc.*

    107,452      1,812,715

Devon Energy Corp.

    120,100      7,738,043

El Paso Corp.

    189,696      2,056,305

EOG Resources, Inc.

    68,300      6,347,802

Exxon Mobil Corp.#^

    1,284,249      86,018,998

Hess Corp.

    78,750      4,925,812

Marathon Oil Corp.

    191,414      6,056,339

Massey Energy Co.

    23,106      1,208,213

Murphy Oil Corp.

    51,600      2,899,404

Noble Energy, Inc.

    46,953      3,427,569

Occidental Petroleum Corp.

    219,600      18,564,984

Peabody Energy Corp.

    72,450      3,310,965

Pioneer Natural Resources Co.^

    31,229      1,758,817

Range Resources Corp.

    42,669      1,999,896

Southwestern Energy Co.*

    93,443      3,804,999

Spectra Energy Corp.

    174,956      3,941,759

Sunoco, Inc.

    31,600      938,836

Tesoro Corp.^

    37,854      526,171

Valero Energy Corp.

    152,635      3,006,910

Williams Cos., Inc.

    157,700      3,642,870

XTO Energy, Inc.

    156,995      7,407,024
         
        259,261,730
         

Total Energy

         310,443,511
         

Financials (16.3%)

      
Capital Markets (2.7%)      

Ameriprise Financial, Inc.

    68,957      3,127,890

Bank of New York Mellon Corp.

    325,719      10,058,203

Charles Schwab Corp.

    257,705      4,816,507

E*TRADE Financial Corp.*

    418,809      691,035

Federated Investors, Inc., Class B^

    23,751      626,551

Franklin Resources, Inc.

    40,317      4,471,155

Goldman Sachs Group, Inc.

    139,092      23,733,268

Invesco Ltd.

    115,951      2,540,486

Janus Capital Group, Inc.^

    49,232      703,525

Legg Mason, Inc.^

    43,863      1,257,552

Morgan Stanley

    367,713      10,770,314

Northern Trust Corp.

    65,300      3,608,478

State Street Corp.

    133,820      6,040,635

T. Rowe Price Group, Inc.^

    69,686      3,827,852
         
        76,273,451
         
Commercial Banks (3.1%)      

BB&T Corp.

    185,950      6,022,920

Comerica, Inc.

    40,850      1,553,934

Fifth Third Bancorp^

    215,117      2,923,440

First Horizon National Corp.*

    60,832      854,690

Huntington Bancshares, Inc./Ohio^

    193,388      1,038,494

KeyCorp^

    237,650      1,841,788

M&T Bank Corp.^

    22,350      1,774,143

Marshall & Ilsley Corp.^

    141,850      1,141,892

PNC Financial Services Group, Inc.

    139,879      8,350,776

Regions Financial Corp.

    321,302      2,522,221

SunTrust Banks, Inc.

    135,000      3,616,650

U.S. Bancorp

    517,295      13,387,595

Wells Fargo & Co.

    1,382,653      43,028,161

Zions Bancorp.^

    37,300      813,886
         
        88,870,590
         
Consumer Finance (0.8%)      

American Express Co.

    321,644      13,271,031

Capital One Financial Corp.

    121,706      5,039,846

Discover Financial Services

    146,771      2,186,888

SLM Corp.*

    128,292      1,606,216
         
        22,103,981
         

 

See Notes to Portfolio of Investments.

228

EQ ADVISORS TRUST

EQ/EQUITY 500 INDEX PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)
Diversified Financial Services (4.5%)      

Bank of America Corp.

    2,688,074    $ 47,982,121

Citigroup, Inc.*

    5,275,190      21,364,519

CME Group, Inc.

    18,023      5,697,251

IntercontinentalExchange, Inc.*

    19,847      2,226,436

JPMorgan Chase & Co.

    1,066,041      47,705,335

Leucadia National Corp.*^

    51,242      1,271,314

Moody’s Corp.^

    53,076      1,579,011

NASDAQ OMX Group, Inc.*

    39,923      843,174

NYSE Euronext^

    70,321      2,082,205
         
        130,751,366
         
Insurance (3.9%)      

Aflac, Inc.

    126,600      6,873,114

Allstate Corp.

    145,076      4,687,406

American International Group, Inc.*^

    36,366      1,241,535

Aon Corp.

    74,125      3,165,879

Assurant, Inc.

    31,580      1,085,720

Berkshire Hathaway, Inc., Class B*^.

    450,943      36,648,138

Chubb Corp.

    92,400      4,790,940

Cincinnati Financial Corp.^

    43,963      1,270,531

Genworth Financial, Inc., Class A*

    132,070      2,422,164

Hartford Financial Services Group, Inc.

    103,600      2,944,312

Lincoln National Corp.

    81,628      2,505,980

Loews Corp.

    97,597      3,638,416

Marsh & McLennan Cos., Inc.

    142,650      3,483,513

MetLife, Inc.

    221,450      9,597,643

Principal Financial Group, Inc.

    86,200      2,517,902

Progressive Corp.

    182,350      3,481,061

Prudential Financial, Inc.

    125,500      7,592,750

Torchmark Corp.^

    22,350      1,195,948

Travelers Cos., Inc.

    147,774      7,970,929

Unum Group

    89,670      2,221,126

XL Capital Ltd., Class A

    92,500      1,748,250
         
        111,083,257
         
Real Estate Investment Trusts (REITs) (1.2%)      

Apartment Investment & Management Co. (REIT), Class A

    31,563      581,075

AvalonBay Communities, Inc. (REIT)^

    22,044      1,903,499

Boston Properties, Inc. (REIT)

    37,500      2,829,000

Equity Residential (REIT)

    74,700      2,924,505

HCP, Inc. (REIT)

    79,268      2,615,844

Health Care REIT, Inc. (REIT)

    33,243      1,503,581

Host Hotels & Resorts, Inc. (REIT)^

    170,689      2,500,594

Kimco Realty Corp. (REIT)

    108,670      1,699,599

Plum Creek Timber Co., Inc. (REIT)^

    44,050      1,713,985

ProLogis (REIT)

    127,950      1,688,940

Public Storage (REIT)

    36,700      3,376,033

Simon Property Group, Inc. (REIT) .

    77,105      6,469,110

Ventas, Inc. (REIT)^

    42,340      2,010,303

Vornado Realty Trust (REIT)^

    42,405      3,210,058
         
        35,026,126
         
Real Estate Management & Development (0.0%)      

CB Richard Ellis Group, Inc., Class A*

    72,950      1,156,258
         
Thrifts & Mortgage Finance (0.1%)      

Hudson City Bancorp, Inc.^

    127,814      1,809,846

People’s United Financial, Inc.

    94,193      1,473,179
         
        3,283,025
         

Total Financials

         468,548,054
         

Health Care (12.1%)

      
Biotechnology (1.6%)      

Amgen, Inc.*

    273,854    $ 16,365,515

Biogen Idec, Inc.*

    78,189      4,484,921

Celgene Corp.*

    124,300      7,701,628

Cephalon, Inc.*^

    20,193      1,368,682

Genzyme Corp.*

    71,750      3,718,802

Gilead Sciences, Inc.*

    243,400      11,069,832
         
        44,709,380
         

Health Care Equipment & Supplies (1.9%)

      

Baxter International, Inc.

    163,100      9,492,420

Becton, Dickinson and Co.

    64,200      5,054,466

Boston Scientific Corp.*

    408,556      2,949,774

C.R. Bard, Inc.^

    26,150      2,265,113

CareFusion Corp.*

    47,887      1,265,653

DENTSPLY International, Inc.

    41,130      1,433,380

Hospira, Inc.*

    43,910      2,487,502

Intuitive Surgical, Inc.*

    10,363      3,607,671

Medtronic, Inc.

    299,400      13,481,982

St. Jude Medical, Inc.*

    90,422      3,711,823

Stryker Corp.

    76,350      4,368,747

Varian Medical Systems, Inc.*

    33,638      1,861,191

Zimmer Holdings, Inc.*

    57,650      3,412,880
         
        55,392,602
         
Health Care Providers & Services (2.2%)      

Aetna, Inc.

    117,222      4,115,664

AmerisourceBergen Corp.

    77,900      2,252,868

Cardinal Health, Inc.

    98,075      3,533,642

CIGNA Corp.

    73,950      2,705,091

Coventry Health Care, Inc.*^

    39,950      987,564

DaVita, Inc.*

    27,694      1,755,800

Express Scripts, Inc.*

    74,300      7,560,768

Humana, Inc.*

    45,950      2,149,082

Laboratory Corp. of America Holdings*

    28,700      2,172,877

McKesson Corp.

    72,531      4,766,737

Medco Health Solutions, Inc.*

    128,972      8,326,432

Patterson Cos., Inc.^

    25,100      779,355

Quest Diagnostics, Inc.

    42,050      2,451,095

Tenet Healthcare Corp.*

    117,100      669,812

UnitedHealth Group, Inc.^

    314,300      10,268,181

WellPoint, Inc.*

    123,950      7,979,901
         
        62,474,869
         
Life Sciences Tools & Services (0.4%)      

Life Technologies Corp.*

    48,206      2,519,728

Millipore Corp.*

    15,050      1,589,280

PerkinElmer, Inc.

    31,500      752,850

Thermo Fisher Scientific, Inc.*

    110,400      5,678,976

Waters Corp.*

    25,600      1,729,024
         
        12,269,858
         
Pharmaceuticals (6.0%)      

Abbott Laboratories, Inc.

    418,450      22,043,946

Allergan, Inc.

    83,200      5,434,624

Bristol-Myers Squibb Co.

    462,973      12,361,379

Eli Lilly and Co.

    273,460      9,904,721

Forest Laboratories, Inc.*

    81,600      2,558,976

Johnson & Johnson

    746,460      48,669,192

King Pharmaceuticals, Inc.*

    67,110      789,214

Merck & Co., Inc.

    826,317      30,862,940

Mylan, Inc.*^

    82,650      1,876,982

Pfizer, Inc

    2,182,994      37,438,347

 

See Notes to Portfolio of Investments.

229

EQ ADVISORS TRUST

EQ/EQUITY 500 INDEX PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Watson Pharmaceuticals, Inc.*

    28,650    $ 1,196,710
         
        173,137,031
         

Total Health Care

         347,983,740
         

Industrials (10.4%)

      
Aerospace & Defense (2.9%)      

Boeing Co.

    196,574      14,273,238

General Dynamics Corp.

    104,400      8,059,680

Goodrich Corp.

    33,650      2,372,998

Honeywell International, Inc.

    206,412      9,344,271

ITT Corp.

    49,400      2,648,334

L-3 Communications Holdings, Inc.

    31,500      2,886,345

Lockheed Martin Corp.

    86,508      7,199,196

Northrop Grumman Corp.^

    84,870      5,564,926

Precision Castparts Corp.

    38,050      4,821,315

Raytheon Co.

    103,650      5,920,488

Rockwell Collins, Inc.

    42,550      2,663,205

United Technologies Corp.

    253,600      18,667,496
         
        84,421,492
         
Air Freight & Logistics (1.0%)      

C.H. Robinson Worldwide, Inc.

    45,352      2,532,909

Expeditors International of Washington, Inc.^

    57,348      2,117,288

FedEx Corp.

    84,510      7,893,234

United Parcel Service, Inc., Class B

    268,550      17,297,306
         
        29,840,737
         
Airlines (0.1%)      

Southwest Airlines Co.^

    200,618      2,652,170
         
Building Products (0.1%)      

Masco Corp.^

    97,050      1,506,216
         
Commercial Services & Supplies (0.5%)      

Avery Dennison Corp.

    30,500      1,110,505

Cintas Corp.^

    35,550      998,600

Iron Mountain, Inc.

    48,897      1,339,778

Pitney Bowes, Inc.

    56,000      1,369,200

R.R. Donnelley & Sons Co.

    55,500      1,184,925

Republic Services, Inc.

    87,401      2,536,377

Stericycle, Inc.*

    22,815      1,243,417

Waste Management, Inc.

    132,456      4,560,460
         
        14,343,262
         
Construction & Engineering (0.2%)      

Fluor Corp.

    48,400      2,251,084

Jacobs Engineering Group, Inc.*

    33,614      1,519,017

Quanta Services, Inc.*

    56,700      1,086,372
         
        4,856,473
         
Electrical Equipment (0.5%)      

Emerson Electric Co.^

    203,500      10,244,190

First Solar, Inc.*^

    13,100      1,606,715

Rockwell Automation, Inc.

    38,450      2,167,042

Roper Industries, Inc.

    24,655      1,426,045
         
        15,443,992
         
Industrial Conglomerates (2.4%)      

3M Co.

    191,500      16,003,655

General Electric Co.

    2,880,383      52,422,971

Textron, Inc.^

    73,300      1,556,159
         
        69,982,785
         
Machinery (1.7%)      

Caterpillar, Inc.

    168,500      10,590,225

Cummins, Inc.

    54,600      3,382,470

Danaher Corp.

    70,450      5,629,660

Deere & Co.

    114,400      6,802,224

Dover Corp.

    50,300      2,351,525

Eaton Corp.

    44,850    $ 3,398,284

Flowserve Corp.

    15,097      1,664,746

Illinois Tool Works, Inc.

    104,350      4,942,016

PACCAR, Inc.^

    98,350      4,262,489

Pall Corp.

    31,550      1,277,460

Parker Hannifin Corp.

    43,500      2,816,190

Snap-On, Inc.

    15,600      676,104
         
        47,793,393
         
Professional Services (0.1%)      

Dun & Bradstreet Corp.

    14,056      1,046,047

Equifax, Inc.

    34,150      1,222,570

Robert Half International, Inc.^

    40,800      1,241,544
         
        3,510,161
         
Road & Rail (0.8%)      

CSX Corp.

    106,200      5,405,580

Norfolk Southern Corp.

    99,550      5,563,849

Ryder System, Inc.

    15,100      585,276

Union Pacific Corp.

    136,500      10,005,450
         
        21,560,155
         
Trading Companies & Distributors (0.1%)      

Fastenal Co.^

    35,683      1,712,427

W.W. Grainger, Inc.

    17,100      1,848,852
         
        3,561,279
         

Total Industrials

         299,472,115
         

Information Technology (18.8%)

      
Communications Equipment (2.5%)      

Cisco Systems, Inc.*

    1,556,150      40,506,585

Harris Corp.

    35,584      1,689,884

JDS Uniphase Corp.*^

    60,150      753,679

Juniper Networks, Inc.*^

    142,100      4,359,628

Motorola, Inc.*

    625,102      4,388,216

QUALCOMM, Inc.

    451,800      18,971,082

Tellabs, Inc.

    104,450      790,686
         
        71,459,760
         
Computers & Peripherals (5.7%)      

Apple, Inc.*

    243,700      57,252,441

Dell, Inc.*

    465,802      6,991,688

EMC Corp.*

    551,800      9,954,472

Hewlett-Packard Co.

    641,449      34,093,014

International Business Machines Corp.

    355,401      45,580,178

Lexmark International, Inc., Class A*^

    21,050      759,484

NetApp, Inc.*

    91,600      2,982,496

QLogic Corp.*

    31,000      629,300

SanDisk Corp.*^

    61,650      2,134,940

Teradata Corp.*

    46,255      1,336,307

Western Digital Corp.*

    60,920      2,375,271
         
        164,089,591
         
Electronic Equipment, Instruments & Components (0.6%)      

Agilent Technologies, Inc.*

    93,323      3,209,378

Amphenol Corp., Class A

    46,356      1,955,760

Corning, Inc

    420,892      8,506,227

FLIR Systems, Inc.*

    40,997      1,156,115

Jabil Circuit, Inc

    51,550      834,595

Molex, Inc

    36,600      763,476
         
        16,425,551
         
Internet Software & Services (1.9%)      

Akamai Technologies, Inc.*^

    46,258      1,452,964

eBay, Inc.*

    304,250      8,199,538

Google, Inc., Class A*

    65,228      36,984,928

Monster Worldwide, Inc.*^

    33,950      563,909

VeriSign, Inc.*^

    51,950      1,351,220

 

See Notes to Portfolio of Investments.

230

EQ ADVISORS TRUST

EQ/EQUITY 500 INDEX PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Yahoo!, Inc.*^

    322,097    $ 5,324,263
         
        53,876,822
         
IT Services (1.5%)      

Automatic Data Processing, Inc.

    136,450      6,067,932

Cognizant Technology Solutions Corp., Class A*

    79,700      4,063,106

Computer Sciences Corp.*

    41,200      2,244,988

Fidelity National Information Services, Inc.

    88,599      2,076,761

Fiserv, Inc.*

    41,650      2,114,154

Mastercard, Inc., Class A

    25,993      6,602,222

Paychex, Inc.^

    86,975      2,670,132

SAIC, Inc.*

    82,800      1,465,560

Total System Services, Inc.^

    53,325      835,069

Visa, Inc., Class A^

    121,200      11,032,836

Western Union Co.

    187,149      3,174,047
         
        42,346,807
         
Office Electronics (0.1%)      

Xerox Corp.

    365,496      3,563,586
         
Semiconductors & Semiconductor Equipment (2.5%)      

Advanced Micro Devices, Inc.*^

    152,300      1,411,821

Altera Corp.

    79,900      1,942,369

Analog Devices, Inc.

    78,950      2,275,339

Applied Materials, Inc.

    360,800      4,863,584

Broadcom Corp., Class A

    116,450      3,863,811

Intel Corp.

    1,493,850      33,253,101

KLA-Tencor Corp.

    46,150      1,426,958

Linear Technology Corp.^

    60,350      1,706,698

LSI Corp.*

    176,600      1,080,792

MEMC Electronic Materials, Inc.*^

    60,471      927,020

Microchip Technology, Inc.^

    49,636      1,397,750

Micron Technology, Inc.*^

    229,850      2,388,142

National Semiconductor Corp.

    64,000      924,800

Novellus Systems, Inc.*

    26,200      655,000

NVIDIA Corp.*^

    150,050      2,607,869

Teradyne, Inc.*^

    47,250      527,782

Texas Instruments, Inc.

    338,931      8,293,642

Xilinx, Inc.^

    74,850      1,908,675
         
        71,455,153
         
Software (4.0%)      

Adobe Systems, Inc.*

    141,650      5,010,160

Autodesk, Inc.*

    62,050      1,825,511

BMC Software, Inc.*

    49,550      1,882,900

CA, Inc.

    107,225      2,516,571

Citrix Systems, Inc.*

    49,450      2,347,391

Compuware Corp.*

    62,250      522,900

Electronic Arts, Inc.*

    88,050      1,643,013

Intuit, Inc.*

    85,600      2,939,504

McAfee, Inc.*

    42,689      1,713,110

Microsoft Corp.

    2,075,173      60,740,314

Novell, Inc.*

    93,750      561,562

Oracle Corp.

    1,057,797      27,174,805

Red Hat, Inc.*

    50,710      1,484,282

Salesforce.com, Inc.*^

    29,718      2,212,505

Symantec Corp.*^

    219,190      3,708,695
         
        116,283,223
         

Total Information Technology

         539,500,493
         

Materials (3.5%)

      
Chemicals (1.9%)      

Air Products & Chemicals, Inc.

    57,250      4,233,638

Airgas, Inc.

    22,259      1,416,118

CF Industries Holdings, Inc.

    13,145      1,198,561

Dow Chemical Co.

    309,401    $ 9,148,988

E.I. du Pont de Nemours & Co.

    244,400      9,101,456

Eastman Chemical Co.

    19,650      1,251,312

Ecolab, Inc.

    64,231      2,822,952

FMC Corp.

    19,530      1,182,346

International Flavors & Fragrances, Inc.

    21,400      1,020,138

Monsanto Co.

    147,448      10,530,736

PPG Industries, Inc.^

    45,200      2,956,080

Praxair, Inc.

    83,050      6,893,150

Sigma-Aldrich Corp.

    32,950      1,768,097
         
        53,523,572
         
Construction Materials (0.1%)      

Vulcan Materials Co.^

    33,900      1,601,436
         
Containers & Packaging (0.2%)      

Ball Corp.

    25,400      1,355,852

Bemis Co., Inc.

    29,250      840,060

Owens-Illinois, Inc.*

    45,582      1,619,984

Pactiv Corp.*

    35,750      900,185

Sealed Air Corp.

    42,934      905,049
         
        5,621,130
         
Metals & Mining (1.1%)      

AK Steel Holding Corp.

    29,498      674,324

Alcoa, Inc.

    263,498      3,752,212

Allegheny Technologies, Inc.^

    26,550      1,433,434

Cliffs Natural Resources, Inc.

    35,400      2,511,630

Freeport-McMoRan Copper & Gold, Inc.

    116,294      9,715,201

Newmont Mining Corp.

    132,600      6,753,318

Nucor Corp.

    85,150      3,864,107

Titanium Metals Corp.*^

    22,883      379,629

United States Steel Corp.^

    38,800      2,464,576
         
        31,548,431
         
Paper & Forest Products (0.2%)      

International Paper Co.

    117,135      2,882,692

MeadWestvaco Corp.

    46,259      1,181,917

Weyerhaeuser Co.

    57,150      2,587,181
         
        6,651,790
         

Total Materials

         98,946,359
         

Telecommunication Services (2.8%)

      
Diversified Telecommunication Services (2.5%)      

AT&T, Inc.

    1,596,300      41,248,392

CenturyTel, Inc.^

    80,500      2,854,530

Frontier Communications Corp.^

    84,450      628,308

Qwest Communications

      

International, Inc.

    401,693      2,096,837

Verizon Communications, Inc.

    768,396      23,835,644

Windstream Corp.

    118,086      1,285,957
         
        71,949,668
         
Wireless Telecommunication Services (0.3%)      

American Tower Corp., Class A*

    108,542      4,624,974

MetroPCS Communications, Inc.*^

    70,450      498,786

Sprint Nextel Corp.*^

    803,091      3,051,746
         
        8,175,506
         

Total Telecommunication Services

         80,125,174
         

Utilities (3.4%)

      
Electric Utilities (1.8%)      

Allegheny Energy, Inc.

    45,850      1,054,550

American Electric Power Co., Inc.

    129,230      4,417,081

Duke Energy Corp.

    352,862      5,758,708

Edison International

    88,100      3,010,377

 

See Notes to Portfolio of Investments.

231

EQ ADVISORS TRUST

EQ/EQUITY 500 INDEX PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)		  

Entergy Corp.

      51,150    $ 4,161,052   

Exelon Corp.

      178,350      7,813,514   

FirstEnergy Corp.

      82,451      3,223,010   

FPL Group, Inc.

      111,850      5,405,711   

Northeast Utilities

      47,424      1,310,799   

Pepco Holdings, Inc.

      59,855      1,026,513   

Pinnacle West Capital Corp.

      27,400      1,033,802   

PPL Corp.

      101,988      2,826,087   

Progress Energy, Inc.

      75,650      2,977,584   

Southern Co.

      216,450      7,177,482   
           
        51,196,270   
           
Gas Utilities (0.2%)      

EQT Corp.

      35,367      1,450,047   

Nicor, Inc.

      12,250      513,520   

ONEOK, Inc.

      28,657      1,308,192   

Questar Corp.

      47,100      2,034,720   
           
        5,306,479   
           
Independent Power Producers & Energy Traders (0.2%)      

AES Corp.*

      180,500      1,985,500   

Constellation Energy Group, Inc.

      54,300      1,906,473   

NRG Energy, Inc.*^

      69,268      1,447,701   
           
        5,339,674   
           
Multi-Utilities (1.2%)      

Ameren Corp.

      64,050      1,670,424   

CenterPoint Energy, Inc.

      105,550      1,515,698   

CMS Energy Corp.^

      62,100      960,066   

Consolidated Edison, Inc.

      75,850      3,378,359   

Dominion Resources, Inc.

      161,546      6,641,156   

DTE Energy Co.

      44,550      1,986,930   

Integrys Energy Group, Inc.^

      20,624      977,165   

NiSource, Inc.

      74,559      1,178,032   

PG&E Corp.

      100,300      4,254,726   

Public Service Enterprise Group, Inc.

      136,800      4,038,336   

SCANA Corp.

      29,911      1,124,355   

Sempra Energy

      66,622      3,324,438   

TECO Energy, Inc.^

      57,800      918,442   

Wisconsin Energy Corp.^

      31,602      1,561,455   

Xcel Energy, Inc.

      123,445      2,617,034   
           
        36,146,616   
           

Total Utilities

         97,989,039   
           

Total Common Stocks (99.4%)
(Cost $2,723,194,381)

         2,853,525,366   
           
     Principal
Amount		    Value
(Note 1)		  

SHORT-TERM INVESTMENTS:

      

Short-Term Investment of Cash Collateral for Securities Loaned (0.7%)

      

Goldman Sachs & Co., Repurchase Agreement

      

0.01%, 4/1/10 (v)

    $ 19,416,118      19,416,118   
           

Time Deposit (0.5%)

      

JPMorgan Chase Nassau

      

0.000%, 4/1/10

      15,933,203      15,933,203   
           

Total Short-Term Investments (1.2%)
(Amortized Cost $35,349,321)

         35,349,321   
           

Total Investments (100.6%)
(Cost/Amortized Cost $2,758,543,702)

         2,888,874,687   

Other Assets Less Liabilities (-0.6%)

         (18,177,431 ) 
           

Net Assets (100%)

       $ 2,870,697,256   
           

 

* Non-income producing.

 

^ All, or a portion of security out on loan (See Note 1).

 

# All, or a portion of security held by broker as collateral for financial futures contracts, with a total collateral value of $11,855,460.

 

(v) Represents the Portfolio’s undivided interest in a joint repurchase agreement. The repurchase agreement was fully collateralized by U.S. government agency securities at the date of this Portfolio of Investments as follows: Government National Mortgage Association, 3.500%-15.000%, maturing 7/15/10 to 3/20/40, which had a total value of $19,804,440.

 

See Notes to Portfolio of Investments.

232

EQ ADVISORS TRUST

EQ/EQUITY 500 INDEX PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

At March 31, 2010, the Portfolio had the following futures contracts open: (Note 1)

 

Purchase

    Number of
Contracts		    Expiration
Date		    Original
Value		    Value at
3/31/2010		    Unrealized
Appreciation/
(Depreciation)

S&P 500 E-Mini Index

    218    June-10    $ 12,594,465    $ 12,700,680    $ 106,215
                  

The following is a summary of the inputs used to value the Portfolio’s assets and liabilities carried at fair value as of March 31, 2010:

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, money market securities are valued using amortized cost, in accordance with rules under the Investment Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active market, such securities are reflected as Level 2.

Various inputs are used in determining the value of the Portfolio’s investments. These inputs are summarized in the three broad levels listed below:

 

Investment Type

    Level 1
Quoted prices in active
markets for identical
securities		    Level 2
Significant other
observable inputs
(including quoted prices
for similar securities,
interest rates,
prepayment speeds,
credit risk, etc.)		    Level 3
Significant unobservable
inputs (including the
Portfolio’s own
assumptions in
determining the fair
value of investments)		    Total

Assets:

            

Common Stocks

            

Consumer Discretionary

    $ 288,647,735    $ —      $ —      $ 288,647,735

Consumer Staples

      321,869,146      —        —        321,869,146

Energy

      310,443,511      —        —        310,443,511

Financials

      468,548,054      —        —        468,548,054

Health Care

      347,983,740      —        —        347,983,740

Industrials

      299,472,115      —        —        299,472,115

Information Technology

      539,500,493      —        —        539,500,493

Materials

      98,946,359      —        —        98,946,359

Telecommunication Services

      80,125,174      —        —        80,125,174

Utilities

      97,989,039      —        —        97,989,039

Futures

      106,215      —        —        106,215

Short-Term Investments

      —        35,349,321      —        35,349,321
                           

Total Assets

    $ 2,853,631,581    $ 35,349,321    $ —      $ 2,888,980,902
                           

Total Liabilities

    $ —      $ —      $ —      $ —  
                           

Total

    $ 2,853,631,581    $ 35,349,321    $ —      $ 2,888,980,902
                           

 

See Notes to Portfolio of Investments.

233

EQ ADVISORS TRUST

EQ/EQUITY 500 INDEX PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

Investment security transactions for the three months ended March 31, 2010 were as follows:

 

Cost of Purchases:

   

Stocks and long-term corporate debt securities

    $ 47,136,358

Net Proceeds of Sales and Redemptions:

   

Stocks and long-term corporate debt securities

    $ 72,339,288

As of March 31, 2010, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investments for Federal income tax purposes was as follows:

 

Aggregate gross unrealized appreciation

    $ 631,999,202   

Aggregate gross unrealized depreciation

      (559,994,753 ) 
        

Net unrealized appreciation

    $ 72,004,449   
        

Federal income tax cost of investments

    $ 2,816,870,238   
        

At March 31, 2010, the Portfolio had loaned securities with a total value of $18,893,273. This was secured by collateral of $19,416,118, which was received as cash and subsequently invested in short-term investments currently valued at $19,416,118, as reported in the Portfolio of Investments.

The Portfolio has a net capital loss carryforward of $18,371,566 which expires in the year 2017.

 

See Notes to Portfolio of Investments.

234

EQ ADVISORS TRUST

EQ/EQUITY GROWTH PLUS PORTFOLIO

PORTFOLIO OF INVESTMENTS

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

COMMON STOCKS:

      

Consumer Discretionary (11.5%)

      
Auto Components (0.3%)      

BorgWarner, Inc.*

    26,800    $ 1,023,224

Federal Mogul Corp.*

    1,600      29,376

Gentex Corp.

    33,100      642,802

Goodyear Tire & Rubber Co.*

    60,200      760,928

Johnson Controls, Inc.

    85,700      2,827,243

TRW Automotive Holdings Corp.*

    1,900      54,302
         
        5,337,875
         
Automobiles (0.0%)      

Thor Industries, Inc.

    4,700      141,987
         
Distributors (0.1%)      

LKQ Corp.*

    33,900      688,170
         
Diversified Consumer Services (0.4%)      

Apollo Group, Inc., Class A*

    32,000      1,961,280

Brink’s Home Security Holdings, Inc.*

    11,800      502,090

Career Education Corp.*

    16,500      522,060

DeVry, Inc.

    15,600      1,017,120

Education Management Corp.*

    1,600      35,040

H&R Block, Inc.

    83,400      1,484,520

Hillenbrand, Inc.

    6,200      136,338

ITT Educational Services, Inc.*

    9,000      1,012,320

Strayer Education, Inc.

    3,300      803,616

Weight Watchers International, Inc.

    800      20,424
         
        7,494,808
         
Hotels, Restaurants & Leisure (3.0%)      

Brinker International, Inc.

    23,700      456,936

Burger King Holdings, Inc.

    27,100      576,146

Carnival Corp.

    45,400      1,765,152

Chipotle Mexican Grill, Inc.*

    8,100      912,627

Choice Hotels International, Inc.

    2,400      83,544

Darden Restaurants, Inc.

    101,100      4,502,994

Hyatt Hotels Corp., Class A*

    5,700      222,072

International Game Technology

    61,200      1,129,140

Las Vegas Sands Corp.*

    336,000      7,106,400

Marriott International, Inc., Class A .

    35,134      1,107,424

McDonald’s Corp.

    262,500      17,514,000

MGM MIRAGE*

    22,700      272,400

Panera Bread Co., Class A*

    6,400      489,536

Royal Caribbean Cruises Ltd.*

    8,400      277,116

Scientific Games Corp., Class A*

    15,400      216,832

Starbucks Corp.*

    405,900      9,851,193

Starwood Hotels & Resorts Worldwide, Inc.^

    136,400      6,361,696

Wendy’s/Arby’s Group, Inc., Class A

    24,400      122,000

WMS Industries, Inc.*

    13,200      553,608

Wyndham Worldwide Corp.

    16,900      434,837

Yum! Brands, Inc.

    108,300      4,151,139
         
        58,106,792
         
Household Durables (0.1%)      

Garmin Ltd.

    20,400      784,992

Harman International Industries, Inc.*

    8,400      392,952

Leggett & Platt, Inc.

    23,000      497,720

M.D.C. Holdings, Inc.

    1,900      65,759

Newell Rubbermaid, Inc.

    11,700      177,840

NVR, Inc.*

    200      145,300

Pulte Group, Inc.*

    4,600      51,750
         
        2,116,313
         
Internet & Catalog Retail (1.5%)      

Amazon.com, Inc.*

    179,160      24,317,387

Expedia, Inc.

    37,100    $ 926,016

Netflix, Inc.*

    10,200      752,148

priceline.com, Inc.*

    10,300      2,626,500
         
        28,622,051
         
Leisure Equipment & Products (0.1%)      

Hasbro, Inc.

    18,200      696,696

Mattel, Inc.

    67,300      1,530,402
         
        2,227,098
         
Media (1.5%)      

CBS Corp., Class B

    419,000      5,840,860

Comcast Corp., Class A

    550,400      10,358,528

CTC Media, Inc.

    6,800      117,096

DIRECTV, Class A*

    104,700      3,539,907

Discovery Communications, Inc., Class C*

    61,300      1,802,833

Interactive Data Corp.

    4,400      140,800

John Wiley & Sons, Inc., Class A

    10,000      432,800

McGraw-Hill Cos., Inc.

    76,400      2,723,660

Morningstar, Inc.*

    5,100      245,259

New York Times Co., Class A*

    1,900      21,147

Omnicom Group, Inc.

    72,500      2,813,725

Regal Entertainment Group, Class A

    6,600      115,962

Scripps Networks Interactive, Inc., Class A

    12,700      563,245

Warner Music Group Corp.*

    800      5,528
         
        28,721,350
         
Multiline Retail (1.4%)      

Big Lots, Inc.*

    2,400      87,408

Dollar General Corp.*

    5,100      128,775

Dollar Tree, Inc.*

    22,500      1,332,450

Family Dollar Stores, Inc.

    35,000      1,281,350

Kohl’s Corp.*

    238,300      13,054,074

Nordstrom, Inc.

    38,241      1,562,145

Target Corp.

    178,400      9,383,840
         
        26,830,042
         
Specialty Retail (2.5%)      

Aaron’s, Inc.

    12,400      413,416

Abercrombie & Fitch Co., Class A

    11,300      515,732

Advance Auto Parts, Inc.

    23,400      980,928

Aeropostale, Inc.*

    24,150      696,245

American Eagle Outfitters, Inc.

    41,900      775,988

AutoZone, Inc.*

    6,700      1,159,703

Barnes & Noble, Inc.

    100      2,162

Bed Bath & Beyond, Inc.*

    62,600      2,739,376

Best Buy Co., Inc.

    79,100      3,364,914

CarMax, Inc.*^

    198,100      4,976,272

Chico’s FAS, Inc.

    40,600      585,452

Dick’s Sporting Goods, Inc.*

    20,300      530,033

Foot Locker, Inc.

    13,300      200,032

GameStop Corp., Class A*

    36,100      790,951

Gap, Inc.

    99,100      2,290,201

Guess?, Inc.

    14,500      681,210

Home Depot, Inc.

    231,600      7,492,260

Limited Brands, Inc.

    40,500      997,110

Lowe’s Cos., Inc.

    106,000      2,569,440

Office Depot, Inc.*

    13,000      103,740

O’Reilly Automotive, Inc.*

    33,500      1,397,285

Penske Automotive Group, Inc.*

    500      7,210

PetSmart, Inc.

    31,100      993,956

RadioShack Corp.

    4,300      97,309

Ross Stores, Inc.

    30,500      1,630,835

Sherwin-Williams Co.

    19,400      1,312,992

Staples, Inc.

    166,224      3,887,979

 

See Notes to Portfolio of Investments.

235

EQ ADVISORS TRUST

EQ/EQUITY GROWTH PLUS PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Tiffany & Co.

    27,900    $ 1,324,971

TJX Cos., Inc.

    97,249      4,135,027

Urban Outfitters, Inc.*

    31,400      1,194,142

Williams-Sonoma, Inc.

    9,900      260,271
         
        48,107,142
         
Textiles, Apparel & Luxury Goods (0.6%)      

Coach, Inc.

    75,100      2,967,952

Hanesbrands, Inc.*

    22,900      637,078

NIKE, Inc., Class B

    85,200      6,262,200

Phillips-Van Heusen Corp.

    8,200      470,352

Polo Ralph Lauren Corp.

    12,400      1,054,496

VF Corp.

    3,700      296,555
         
        11,688,633
         

Total Consumer Discretionary

         220,082,261
         

Consumer Staples (14.3%)

      
Beverages (3.4%)      

Brown-Forman Corp., Class B

    18,700      1,111,715

Coca-Cola Co.

    649,800      35,739,000

Coca-Cola Enterprises, Inc.

    60,900      1,684,494

Hansen Natural Corp.*

    17,000      737,460

PepsiCo, Inc.

    386,236      25,553,374
         
        64,826,043
         
Food & Staples Retailing (3.6%)      

BJ’s Wholesale Club, Inc.*

    2,500      92,475

Costco Wholesale Corp.

    101,700      6,072,507

CVS Caremark Corp.

    102,400      3,743,744

Kroger Co.

    127,700      2,765,982

Sysco Corp.

    138,400      4,082,800

Walgreen Co.

    235,100      8,719,859

Wal-Mart Stores, Inc.

    723,900      40,248,840

Whole Foods Market, Inc.*

    107,200      3,875,280
         
        69,601,487
         
Food Products (1.0%)      

Archer-Daniels-Midland Co.

    82,900      2,395,810

Campbell Soup Co.

    33,300      1,177,155

Dean Foods Co.*

    44,400      696,636

Flowers Foods, Inc.

    16,600      410,684

General Mills, Inc.

    30,900      2,187,411

Green Mountain Coffee Roasters, Inc.*

    8,800      852,016

H.J. Heinz Co.

    59,200      2,700,112

Hershey Co.

    22,100      946,101

Hormel Foods Corp.

    1,800      75,618

Kellogg Co.

    59,400      3,173,742

Kraft Foods, Inc., Class A

    55,700      1,684,368

McCormick & Co., Inc. (Non-Voting)

    31,900      1,223,684

Mead Johnson Nutrition Co., Class A

    23,007      1,197,054

Sara Lee Corp.

    41,600      579,488

Smithfield Foods, Inc.*

    2,400      49,776
         
        19,349,655
         
Household Products (3.3%)      

Church & Dwight Co., Inc.

    17,400      1,164,930

Clorox Co.

    28,300      1,815,162

Colgate-Palmolive Co.

    118,200      10,077,732

Energizer Holdings, Inc.*

    14,379      902,426

Kimberly-Clark Corp.

    84,800      5,332,224

Procter & Gamble Co.

    696,500      44,067,555
         
        63,360,029
         
Personal Products (0.7%)      

Alberto-Culver Co.

    17,500      457,625

Avon Products, Inc.

    315,700      10,692,759

Estee Lauder Cos., Inc., Class A

    27,300      1,770,951

Herbalife Ltd.

    15,000      691,800

NBTY, Inc.*

    9,600    $ 460,608
         
        14,073,743
         
Tobacco (2.3%)      

Altria Group, Inc.

    490,300      10,060,956

Lorillard, Inc.

    32,200      2,422,728

Philip Morris International, Inc.

    605,800      31,598,528
         
        44,082,212
         

Total Consumer Staples

         275,293,169
         

Energy (3.7%)

      
Energy Equipment & Services (1.3%)      

Atwood Oceanics, Inc.*

    11,400      394,782

Cameron International Corp.*

    53,100      2,275,866

Diamond Offshore Drilling, Inc.

    15,600      1,385,436

Dresser-Rand Group, Inc.*

    20,100      631,542

Exterran Holdings, Inc.*

    5,200      125,684

FMC Technologies, Inc.*

    30,000      1,938,900

Helmerich & Payne, Inc.

    7,500      285,600

Oceaneering International, Inc.*

    13,300      844,417

Patterson-UTI Energy, Inc.

    5,800      81,026

Pride International, Inc.*

    17,500      526,925

Rowan Cos., Inc.*

    5,100      148,461

Schlumberger Ltd

    184,800      11,727,408

Smith International, Inc

    35,900      1,537,238

Transocean Ltd.*

    36,000      3,109,680
         
        25,012,965
         

Oil, Gas & Consumable Fuels (2.4%)

      

Alpha Natural Resources, Inc.*

    31,108      1,551,978

Anadarko Petroleum Corp.

    81,200      5,913,796

CNX Gas Corp.*

    5,600      213,080

Cobalt International Energy, Inc.*

    2,700      36,720

Continental Resources, Inc.*

    5,300      225,515

El Paso Corp.

    40,000      433,600

EOG Resources, Inc.

    75,100      6,979,794

EXCO Resources, Inc.

    31,900      586,322

Exxon Mobil Corp.

    292,400      19,584,952

Forest Oil Corp.*

    8,200      211,724

Frontier Oil Corp.

    16,700      225,450

Holly Corp.

    10,500      293,055

Mariner Energy, Inc.*

    19,000      284,430

Massey Energy Co.

    21,100      1,103,319

Peabody Energy Corp.

    66,400      3,034,480

Petrohawk Energy Corp.*

    69,900      1,417,572

Plains Exploration & Production Co.*

    16,700      500,833

Quicksilver Resources, Inc.*

    25,300      355,971

Range Resources Corp.

    3,800      178,106

Southwestern Energy Co.*

    80,600      3,282,032

St. Mary Land & Exploration Co

    2,200      76,582

Teekay Corp

    2,600      59,124

Tesoro Corp

    14,100      195,990
         
        46,744,425
         

Total Energy

         71,757,390
         

Financials (4.8%)

      
Capital Markets (1.7%)      

Affiliated Managers Group, Inc.*

    10,000      790,000

Ameriprise Financial, Inc

    3,100      140,616

Bank of New York Mellon Corp

    54,200      1,673,696

BlackRock, Inc

    2,600      566,176

Charles Schwab Corp

    223,000      4,167,870

Eaton Vance Corp

    29,800      999,492

Federated Investors, Inc., Class B

    20,300      535,514

Franklin Resources, Inc

    15,300      1,696,770

GLG Partners, Inc.*

    49,400      151,658

Goldman Sachs Group, Inc

    33,920      5,787,770

 

See Notes to Portfolio of Investments.

236

EQ ADVISORS TRUST

EQ/EQUITY GROWTH PLUS PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Greenhill & Co., Inc.

    5,600    $ 459,704

Invesco Ltd.

    4,700      102,977

Janus Capital Group, Inc.

    37,400      534,446

Jefferies Group, Inc.

    20,900      494,703

Lazard Ltd., Class A

    18,800      671,160

Morgan Stanley

    71,200      2,085,448

Northern Trust Corp.

    56,065      3,098,152

SEI Investments Co.

    31,700      696,449

State Street Corp.

    61,111      2,758,550

T. Rowe Price Group, Inc.

    59,800      3,284,814

TD Ameritrade Holding Corp.*

    63,200      1,204,592

Waddell & Reed Financial, Inc., Class A

    21,400      771,256
         
        32,671,813
         
Commercial Banks (0.7%)      

BOK Financial Corp.

    1,800      94,392

CapitalSource, Inc.

    2,300      12,857

Commerce Bancshares, Inc./Missouri

    4,870      200,352

Wells Fargo & Co.^

    424,200      13,201,104
         
        13,508,705
         
Consumer Finance (0.2%)      

American Express Co.

    41,000      1,691,660

AmeriCredit Corp.*

    4,800      114,048

Capital One Financial Corp.

    29,200      1,209,172

SLM Corp.*

    20,000      250,400
         
        3,265,280
         
Diversified Financial Services (0.8%)      

CME Group, Inc.

    612      193,459

IntercontinentalExchange, Inc.*

    17,600      1,974,368

JPMorgan Chase & Co.

    110,200      4,931,450

Leucadia National Corp.*

    21,800      540,858

Moody’s Corp.

    219,400      6,527,150

MSCI, Inc., Class A*

    24,600      888,060

NASDAQ OMX Group, Inc.*

    11,900      251,328

NYSE Euronext

    14,000      414,540
         
        15,721,213
         
Insurance (0.8%)      

Aflac, Inc.

    110,400      5,993,616

American International Group, Inc.*

    11,115      379,466

Arthur J. Gallagher & Co.

    22,600      554,830

Axis Capital Holdings Ltd.

    6,700      209,442

Brown & Brown, Inc.

    22,300      399,616

CNA Financial Corp.*

    800      21,376

Endurance Specialty Holdings Ltd.

    4,000      148,600

Erie Indemnity Co., Class A

    5,400      232,902

Fidelity National Financial, Inc., Class A

    4,000      59,280

Genworth Financial, Inc., Class A*

    46,600      854,644

Hanover Insurance Group, Inc.

    900      39,249

Lincoln National Corp.

    21,000      644,700

Marsh & McLennan Cos., Inc.

    5,700      139,194

Principal Financial Group, Inc.

    72,600      2,120,646

Progressive Corp.

    11,800      225,262

Prudential Financial, Inc.

    55,700      3,369,850

Reinsurance Group of America, Inc.

    1,500      78,780

Validus Holdings Ltd.

    600      16,518

W.R. Berkley Corp.

    7,800      203,502
         
        15,691,473
         
Real Estate Investment Trusts (REITs) (0.5%)      

Alexandria Real Estate Equities, Inc. (REIT)

    2,200      148,720

Digital Realty Trust, Inc. (REIT)

    18,800      1,018,960

Federal Realty Investment

      

Trust (REIT)

    2,000      145,620

HCP, Inc. (REIT)

    24,800    $ 818,400

Health Care REIT, Inc. (REIT)

    12,700      574,421

Nationwide Health Properties, Inc. (REIT)

    20,400      717,060

Plum Creek Timber Co., Inc. (REIT)

    14,800      575,868

Public Storage (REIT)

    31,300      2,879,287

Rayonier, Inc. (REIT)

    9,300      422,499

Simon Property Group, Inc. (REIT)

    23,164      1,943,460
         
        9,244,295
         
Real Estate Management & Development (0.1%)      

CB Richard Ellis Group, Inc., Class A*

    61,800      979,530

St. Joe Co.*

    22,600      731,110
         
        1,710,640
         
Thrifts & Mortgage Finance (0.0%)      

Capitol Federal Financial

    2,900      108,634

Hudson City Bancorp, Inc.

    56,300      797,208

TFS Financial Corp.

    2,500      33,375
         
        939,217
         

Total Financials

         92,752,636
         

Health Care (15.8%)

      
Biotechnology (3.3%)      

Abraxis Bioscience, Inc.*

    1,700      87,975

Alexion Pharmaceuticals, Inc.*

    21,500      1,168,955

Amgen, Inc.*

    402,000      24,023,520

Amylin Pharmaceuticals, Inc.*

    35,600      800,644

Biogen Idec, Inc.*

    62,200      3,567,792

BioMarin Pharmaceutical, Inc.*

    23,500      549,195

Celgene Corp.*

    107,400      6,654,504

Cephalon, Inc.*

    16,600      1,125,148

Dendreon Corp.*

    32,700      1,192,569

Genzyme Corp.*

    62,100      3,218,643

Gilead Sciences, Inc.*

    374,900      17,050,452

Myriad Genetics, Inc.*

    24,800      596,440

OSI Pharmaceuticals, Inc.*

    13,800      821,790

Talecris Biotherapeutics Holdings Corp.*

    11,700      233,064

United Therapeutics Corp.*

    12,000      663,960

Vertex Pharmaceuticals, Inc.*

    47,200      1,929,064
         
        63,683,715
         
Health Care Equipment & Supplies (3.4%)      

Baxter International, Inc.

    143,300      8,340,060

Beckman Coulter, Inc.

    16,600      1,042,480

Becton, Dickinson and Co.

    56,300      4,432,499

Boston Scientific Corp.*

    119,900      865,678

C.R. Bard, Inc.

    24,000      2,078,880

DENTSPLY International, Inc.

    36,900      1,285,965

Edwards Lifesciences Corp.*

    13,700      1,354,656

Gen-Probe, Inc.*

    11,800      590,000

Hill-Rom Holdings, Inc.

    6,500      176,865

Hologic, Inc.*

    6,500      120,510

Hospira, Inc.*

    39,400      2,232,010

IDEXX Laboratories, Inc.*

    15,200      874,760

Intuitive Surgical, Inc.*

    8,936      3,110,890

Inverness Medical Innovations, Inc.*

    7,800      303,810

Kinetic Concepts, Inc.*

    5,700      272,517

Medtronic, Inc.

    265,800      11,968,974

ResMed, Inc.*

    18,600      1,183,890

St. Jude Medical, Inc.*

    241,900      9,929,995

Stryker Corp.

    79,700      4,560,434

Teleflex, Inc.

    4,400      281,908

Varian Medical Systems, Inc.*

    30,368      1,680,261

 

See Notes to Portfolio of Investments.

237

EQ ADVISORS TRUST

EQ/EQUITY GROWTH PLUS PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Zimmer Holdings, Inc.*

    128,300    $ 7,595,360
         
        64,282,402
         
Health Care Providers & Services (2.2%)      

Aetna, Inc.

    20,600      723,266

AmerisourceBergen Corp.

    57,200      1,654,224

CIGNA Corp.

    2,600      95,108

Community Health Systems, Inc.*

    10,100      372,993

Coventry Health Care, Inc.*

    8,400      207,648

DaVita, Inc.*

    25,400      1,610,360

Emdeon, Inc., Class A*

    5,300      87,556

Express Scripts, Inc.*

    169,600      17,258,496

Health Management Associates, Inc., Class A*

    57,700      496,220

Henry Schein, Inc.*

    21,600      1,272,240

Humana, Inc.*

    13,600      636,072

Laboratory Corp. of America Holdings*

    26,700      2,021,457

Lincare Holdings, Inc.*

    13,200      592,416

McKesson Corp.

    30,400      1,997,888

Medco Health Solutions, Inc.*

    114,200      7,372,752

MEDNAX, Inc.*

    3,800      221,122

Omnicare, Inc.

    9,900      280,071

Patterson Cos., Inc.

    23,700      735,885

Quest Diagnostics, Inc.

    35,900      2,092,611

Tenet Healthcare Corp.*

    84,500      483,340

Universal Health Services, Inc., Class B

    1,800      63,162

VCA Antech, Inc.*

    20,400      571,812

WellPoint, Inc.*

    6,800      437,784
         
        41,284,483
         
Health Care Technology (0.4%)      

Allscripts-Misys Healthcare Solutions, Inc.*

    16,200      316,872

Cerner Corp.*^

    92,400      7,859,544
         
        8,176,416
         
Life Sciences Tools & Services (1.1%)      

Bio-Rad Laboratories, Inc., Class A*

    4,500      465,840

Charles River Laboratories International, Inc.*

    11,400      448,134

Covance, Inc.*^

    115,700      7,102,823

Illumina, Inc.*

    30,300      1,178,670

Life Technologies Corp.*

    134,700      7,040,769

Mettler-Toledo International, Inc.*

    8,700      950,040

Millipore Corp.*

    13,700      1,446,720

PerkinElmer, Inc.

    6,600      157,740

Pharmaceutical Product Development, Inc.

    26,800      636,500

Techne Corp.

    9,000      573,210

Thermo Fisher Scientific, Inc.*

    6,000      308,640

Waters Corp.*

    23,200      1,566,928
         
        21,876,014
         
Pharmaceuticals (5.4%)      

Abbott Laboratories, Inc.

    582,199      30,670,243

Allergan, Inc.

    71,700      4,683,444

Bristol-Myers Squibb Co.

    221,885      5,924,330

Eli Lilly and Co.

    123,700      4,480,414

Johnson & Johnson

    506,000      32,991,200

Merck & Co., Inc.

    275,745      10,299,076

Mylan, Inc.*

    48,800      1,108,248

Perrigo Co.

    19,600      1,150,912

Pfizer, Inc.

    398,000      6,825,700

Teva Pharmaceutical Industries Ltd. (ADR)

    90,500      5,708,740

Valeant Pharmaceuticals International*

    16,600    $ 712,306
         
        104,554,613
         

Total Health Care

         303,857,643
         

Industrials (11.3%)

      
Aerospace & Defense (2.3%)      

Alliant Techsystems, Inc.*

    7,900      642,270

BE Aerospace, Inc.*

    12,100      368,445

Boeing Co.

    11,900      864,059

General Dynamics Corp.

    6,200      478,640

Goodrich Corp.

    29,900      2,108,548

Honeywell International, Inc.

    175,900      7,962,993

ITT Corp.

    4,700      251,967

Lockheed Martin Corp.

    72,700      6,050,094

Northrop Grumman Corp.

    7,000      458,990

Precision Castparts Corp.

    32,900      4,168,759

Raytheon Co.

    71,000      4,055,520

Rockwell Collins, Inc.

    38,700      2,422,233

Spirit AeroSystems Holdings, Inc., Class A*

    8,800      205,744

TransDigm Group, Inc.

    9,300      493,272

United Technologies Corp.

    182,000      13,397,020
         
        43,928,554
         
Air Freight & Logistics (1.3%)      

C.H. Robinson Worldwide, Inc.

    41,100      2,295,435

Expeditors International of Washington, Inc.

    51,900      1,916,148

United Parcel Service, Inc., Class B

    325,700      20,978,337

UTi Worldwide, Inc.

    22,700      347,764
         
        25,537,684
         
Airlines (1.0%)      

AMR Corp.*

    77,900      709,669

Continental Airlines, Inc., Class B*

    31,400      689,858

Copa Holdings S.A., Class A

    7,700      468,160

Delta Air Lines, Inc.*^

    961,300      14,025,367

Southwest Airlines Co.

    49,500      654,390

UAL Corp.*

    133,700      2,613,835
         
        19,161,279
         
Building Products (0.1%)      

Armstrong World Industries, Inc.*

    1,000      36,310

Lennox International, Inc.

    11,900      527,408

Masco Corp.

    83,600      1,297,472

Owens Corning, Inc.*

    7,300      185,712
         
        2,046,902
         
Commercial Services & Supplies (0.4%)      

Avery Dennison Corp.

    5,500      200,255

Brink’s Co.

    10,300      290,769

Cintas Corp.

    2,700      75,843

Copart, Inc.*

    16,300      580,280

Corrections Corp. of America*

    2,800      55,608

Iron Mountain, Inc.

    44,900      1,230,260

KAR Auction Services, Inc.*

    1,400      21,084

R.R. Donnelley & Sons Co.

    10,000      213,500

Republic Services, Inc.

    21,500      623,930

Stericycle, Inc.*

    20,600      1,122,700

Waste Connections, Inc.*

    14,100      478,836

Waste Management, Inc.

    103,200      3,553,176
         
        8,446,241
         
Construction & Engineering (0.3%)      

Aecom Technology Corp.*

    24,000      680,880

Fluor Corp.

    43,500      2,023,185

Jacobs Engineering Group, Inc.*

    29,900      1,351,181

Shaw Group, Inc.*

    16,300      561,046

 

See Notes to Portfolio of Investments.

238

EQ ADVISORS TRUST

EQ/EQUITY GROWTH PLUS PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

URS Corp.*

    1,300    $ 64,493
         
        4,680,785
         
Electrical Equipment (0.7%)      

A123 Systems, Inc.*

    7,600      104,424

AMETEK, Inc.

    26,600      1,102,836

Emerson Electric Co.

    178,000      8,960,520

First Solar, Inc.*

    12,397      1,520,492

Hubbell, Inc., Class B

    1,700      85,731

Rockwell Automation, Inc.

    3,700      208,532

Roper Industries, Inc.

    19,200      1,110,528

SunPower Corp., Class A*

    20,900      395,010

Thomas & Betts Corp.*

    4,400      172,656
         
        13,660,729
         
Industrial Conglomerates (0.8%)      

3M Co.

    164,900      13,780,693

Carlisle Cos., Inc.

    4,300      163,830

McDermott International, Inc.*

    55,100      1,483,292
         
        15,427,815
         
Machinery (3.3%)      

Bucyrus International, Inc.

    4,700      310,153

Caterpillar, Inc.

    70,200      4,412,070

Crane Co.

    6,600      234,300

Cummins, Inc.

    127,400      7,892,430

Danaher Corp.

    204,200      16,317,622

Deere & Co.

    23,410      1,391,958

Donaldson Co., Inc.

    18,700      843,744

Dover Corp.

    29,800      1,393,150

Flowserve Corp.

    13,100      1,444,537

Graco, Inc.

    7,100      227,200

Harsco Corp.

    13,800      440,772

IDEX Corp.

    12,400      410,440

Joy Global, Inc.

    201,900      11,427,540

Navistar International Corp.*

    16,100      720,153

PACCAR, Inc.^

    292,600      12,681,284

Pall Corp.

    29,300      1,186,357

Pentair, Inc.

    7,100      252,902

Snap-On, Inc.

    4,100      177,694

Toro Co.

    8,600      422,862

Valmont Industries, Inc.

    6,600      546,678

WABCO Holdings, Inc.*

    14,400      430,848

Wabtec Corp.

    11,600      488,592
         
        63,653,286
         
Marine (0.0%)      

Kirby Corp.*

    2,900      110,635
         
Professional Services (0.5%)      

Dun & Bradstreet Corp.

    13,100      974,902

Equifax, Inc.

    24,200      866,360

FTI Consulting, Inc.*

    12,300      483,636

IHS, Inc., Class A*

    11,600      620,252

Manpower, Inc.

    68,400      3,907,008

Robert Half International, Inc.

    37,700      1,147,211

Verisk Analytics, Inc., Class A*

    17,700      499,140
         
        8,498,509
         
Road & Rail (0.4%)      

Con-way, Inc.

    4,000      140,480

J.B. Hunt Transport Services, Inc.

    21,100      757,068

Kansas City Southern*

    10,900      394,253

Landstar System, Inc.

    12,700      533,146

Norfolk Southern Corp.

    9,500      530,955

Union Pacific Corp.

    62,400      4,573,920
         
        6,929,822
         
Trading Companies & Distributors (0.2%)      

Fastenal Co.

    32,400      1,554,876

GATX Corp.

    2,800    $ 80,220

MSC Industrial Direct Co., Class A

    10,800      547,776

W.W. Grainger, Inc.

    14,000      1,513,680

WESCO International, Inc.*

    3,900      135,369
         
        3,831,921
         

Total Industrials

         215,914,162
         

Information Technology (32.4%)

      
Communications Equipment (4.2%)      

Brocade Communications Systems, Inc.*

    35,400      202,134

Ciena Corp.*

    2,600      39,624

Cisco Systems, Inc.*

    1,727,843      44,975,753

F5 Networks, Inc.*

    81,100      4,988,461

Harris Corp.

    25,600      1,215,744

JDS Uniphase Corp.*

    24,300      304,479

Juniper Networks, Inc.*

    123,200      3,779,776

Motorola, Inc.*

    24,700      173,394

QUALCOMM, Inc.

    602,800      25,311,572
         
        80,990,937
         
Computers & Peripherals (9.8%)      

Apple, Inc.*

    325,600      76,493,208

Dell, Inc.*

    407,400      6,115,074

Diebold, Inc.

    13,600      431,936

EMC Corp.*

    198,100      3,573,724

Hewlett-Packard Co.

    731,000      38,852,650

International Business Machines Corp.

    314,946      40,391,825

NCR Corp.*

    41,200      568,560

NetApp, Inc.*

    325,300      10,591,768

QLogic Corp.*

    30,900      627,270

SanDisk Corp.*

    23,900      827,657

Seagate Technology*^

    365,400      6,672,204

Teradata Corp.*

    35,400      1,022,706

Western Digital Corp.*

    48,900      1,906,611
         
        188,075,193
         
Electronic Equipment, Instruments & Components (0.8%)      

Agilent Technologies, Inc.*

    80,100      2,754,639

Amphenol Corp., Class A

    41,800      1,763,542

Arrow Electronics, Inc.*

    9,600      289,248

Avnet, Inc.*

    10,300      309,000

AVX Corp.

    900      12,780

Corning, Inc.

    313,800      6,341,898

Dolby Laboratories, Inc., Class A*

    12,900      756,843

FLIR Systems, Inc.*

    37,200      1,049,040

Itron, Inc.*

    9,300      674,901

Jabil Circuit, Inc.

    19,700      318,943

Molex, Inc.

    1,300      27,118

National Instruments Corp.

    13,400      446,890

Trimble Navigation Ltd.*

    29,200      838,624

Vishay Intertechnology, Inc.*

    10,300      105,369
         
        15,688,835
         
Internet Software & Services (3.6%)      

Akamai Technologies, Inc.*

    42,600      1,338,066

Baidu, Inc. (ADR)*

    9,100      5,432,700

eBay, Inc.*

    55,800      1,503,810

Equinix, Inc.*

    9,400      914,996

Google, Inc., Class A*

    91,950      52,136,569

IAC/InterActiveCorp*

    7,600      172,824

Monster Worldwide, Inc.*

    18,000      298,980

Sohu.com, Inc.*

    8,000      436,800

VeriSign, Inc.*

    47,500      1,235,475

WebMD Health Corp.*

    12,154      563,703

 

See Notes to Portfolio of Investments.

239

EQ ADVISORS TRUST

EQ/EQUITY GROWTH PLUS PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Yahoo!, Inc.*

    259,600    $ 4,291,188
         
        68,325,111
         
IT Services (2.3%)      

Alliance Data Systems Corp.*

    13,100      838,269

Amdocs Ltd.*

    7,100      213,781

Automatic Data Processing, Inc.

    116,900      5,198,543

Broadridge Financial Solutions, Inc.

    20,600      440,428

Cognizant Technology Solutions Corp., Class A*

    67,900      3,461,542

Convergys Corp.*

    3,300      40,458

DST Systems, Inc.

    8,200      339,890

Fidelity National Information Services, Inc.

    45,760      1,072,614

Fiserv, Inc.*

    37,700      1,913,652

Genpact Ltd.*

    14,000      234,780

Global Payments, Inc.

    19,900      906,445

Hewitt Associates, Inc., Class A*

    20,500      815,490

Lender Processing Services, Inc.

    23,000      868,250

Mastercard, Inc., Class A

    40,111      10,188,194

NeuStar, Inc., Class A*

    18,300      461,160

Paychex, Inc.

    73,400      2,253,380

SAIC, Inc.*

    71,800      1,270,860

Total System Services, Inc.

    28,100      440,046

Visa, Inc., Class A

    106,800      9,722,004

Western Union Co.

    164,700      2,793,312
         
        43,473,098
         
Office Electronics (0.0%)      

Xerox Corp.

    57,200      557,700

Zebra Technologies Corp., Class A*

    15,100      446,960
         
        1,004,660
         
Semiconductors & Semiconductor Equipment (4.0%)      

Advanced Micro Devices, Inc.*

    65,000      602,550

Altera Corp.

    71,200      1,730,872

Analog Devices, Inc.

    70,400      2,028,928

Broadcom Corp., Class A

    274,100      9,094,638

Cree, Inc.*

    51,400      3,609,308

Cypress Semiconductor Corp.*

    35,700      410,550

Integrated Device Technology, Inc.*

    4,300      26,359

Intel Corp.

    808,600      17,999,436

International Rectifier Corp.*

    8,300      190,070

Intersil Corp., Class A

    15,800      233,208

Lam Research Corp.*

    164,900      6,154,068

Linear Technology Corp.

    49,600      1,402,688

Marvell Technology Group Ltd.*

    107,200      2,184,736

Maxim Integrated Products, Inc.

    61,200      1,186,668

MEMC Electronic Materials, Inc.*

    54,700      838,551

Microchip Technology, Inc.

    40,700      1,146,112

Micron Technology, Inc.*

    704,600      7,320,794

National Semiconductor Corp.

    57,500      830,875

Novellus Systems, Inc.*

    15,400      385,000

NVIDIA Corp.*^

    392,900      6,828,602

ON Semiconductor Corp.*

    103,000      824,000

Rambus, Inc.*

    26,300      574,655

Silicon Laboratories, Inc.*

    10,700      510,069

Teradyne, Inc.*

    40,600      453,502

Texas Instruments, Inc.

    301,300      7,372,811

Varian Semiconductor Equipment Associates, Inc.*

    18,000      596,160

Xilinx, Inc.

    66,900      1,705,950
         
        76,241,160
         
Software (7.7%)      

Activision Blizzard, Inc.

    70,300      847,818

Adobe Systems, Inc.*

    121,500      4,297,455

ANSYS, Inc.*

    21,300      918,882

Autodesk, Inc.*

    37,700    $ 1,109,134

BMC Software, Inc.*

    45,300      1,721,400

CA, Inc.

    67,600      1,586,572

Cadence Design Systems, Inc.*

    69,800      464,868

Check Point Software Technologies Ltd.*^

    223,900      7,849,934

Citrix Systems, Inc.*

    43,800      2,079,186

Electronic Arts, Inc.*

    78,800      1,470,408

FactSet Research Systems, Inc.

    9,900      726,363

Intuit, Inc.*

    77,900      2,675,086

McAfee, Inc.*

    38,100      1,528,953

MICROS Systems, Inc.*

    19,600      644,448

Microsoft Corp.

    2,667,000      78,063,090

Novell, Inc.*

    40,500      242,595

Nuance Communications, Inc.*

    48,200      802,048

Oracle Corp.

    902,700      23,190,363

Red Hat, Inc.*

    46,300      1,355,201

Rovi Corp.*

    16,700      620,071

Salesforce.com, Inc.*^

    140,800      10,482,560

Sybase, Inc.*

    20,600      960,372

Symantec Corp.*

    189,600      3,208,032

Synopsys, Inc.*

    21,700      485,429

VMware, Inc., Class A*

    12,300      655,590
         
        147,985,858
         

Total Information Technology

         621,784,852
         

Materials (3.5%)

      
Chemicals (1.9%)      

Air Products & Chemicals, Inc.

    16,100      1,190,595

Albemarle Corp.

    1,400      59,682

Ashland, Inc.

    600      31,662

Celanese Corp., Class A

    36,200      1,152,970

CF Industries Holdings, Inc.

    10,100      920,918

E.I. du Pont de Nemours & Co.

    68,200      2,539,768

Ecolab, Inc.

    143,000      6,284,850

FMC Corp.

    15,300      926,262

International Flavors & Fragrances, Inc.

    17,800      848,526

Intrepid Potash, Inc.*

    10,600      321,498

Lubrizol Corp.

    13,600      1,247,392

Monsanto Co.

    129,600      9,256,032

Mosaic Co.

    37,426      2,274,378

Nalco Holding Co.

    33,700      819,921

Praxair, Inc.

    72,600      6,025,800

RPM International, Inc.

    17,600      375,584

Scotts Miracle-Gro Co., Class A

    10,200      472,770

Sigma-Aldrich Corp.

    30,000      1,609,800

Terra Industries, Inc.

    16,900      773,344

Valhi, Inc.

    500      9,840
         
        37,141,592
         
Construction Materials (0.0%)      

Eagle Materials, Inc.

    10,200      270,708

Martin Marietta Materials, Inc.

    4,400      367,620
         
        638,328
         
Containers & Packaging (0.2%)      

Ball Corp.

    17,200      918,136

Crown Holdings, Inc.*

    43,300      1,167,368

Owens-Illinois, Inc.*

    35,900      1,275,886

Packaging Corp. of America

    2,600      63,986

Pactiv Corp.*

    26,200      659,716
         
        4,085,092
         
Metals & Mining (1.4%)      

Agnico-Eagle Mines Ltd.

    34,400      1,915,048

Alcoa, Inc.

    110,100      1,567,824

 

See Notes to Portfolio of Investments.

240

EQ ADVISORS TRUST

EQ/EQUITY GROWTH PLUS PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)		  

Cliffs Natural Resources, Inc.

      4,400    $ 312,180   

Compass Minerals International, Inc.

      4,500      361,035   

Freeport-McMoRan Copper & Gold, Inc.

      99,200      8,287,168   

Newmont Mining Corp.

      112,900      5,749,997   

Royal Gold, Inc.

      2,700      124,767   

Schnitzer Steel Industries, Inc., Class A

      6,300      330,939   

Southern Copper Corp.

      29,700      940,599   

United States Steel Corp.^

      78,400      4,979,968   

Walter Energy, Inc.

      14,000      1,291,780   
           
        25,861,305   
           

Total Materials

         67,726,317   
           

Telecommunication Services (0.5%)

      
Diversified Telecommunication Services (0.0%)      

Frontier Communications Corp.

      28,500      212,040   

Windstream Corp.

      58,000      631,620   
           
        843,660   
           
Wireless Telecommunication Services (0.5%)      

American Tower Corp., Class A*

      93,400      3,979,774   

Crown Castle International Corp.*

      23,700      906,051   

Leap Wireless International, Inc.*

      8,300      135,788   

MetroPCS Communications, Inc.*

      55,600      393,648   

NII Holdings, Inc.*

      65,900      2,745,394   

SBA Communications Corp., Class A*

      28,300      1,020,781   
           
        9,181,436   
           

Total Telecommunication Services

         10,025,096   
           

Utilities (0.6%)

      
Electric Utilities (0.2%)      

Allegheny Energy, Inc.

      25,200      579,600   

DPL, Inc.

      3,700      100,603   

Exelon Corp.

      10,800      473,148   

FPL Group, Inc.

      10,600      512,298   

ITC Holdings Corp.

      11,900      654,500   

NV Energy, Inc.

      18,100      223,173   

PPL Corp.

      87,200      2,416,312   
           
        4,959,634   
           
Gas Utilities (0.1%)      

EQT Corp.

      32,500      1,332,500   
           
Independent Power Producers & Energy Traders (0.2%)      

AES Corp.*

      123,400      1,357,400   

Calpine Corp.*

      39,200      466,088   

Constellation Energy Group, Inc.

      34,700      1,218,317   

Ormat Technologies, Inc.

      5,100      143,514   
           
        3,185,319   
           
Multi-Utilities (0.1%)      

CenterPoint Energy, Inc.

      72,900      1,046,844   

Integrys Energy Group, Inc.

      2,300      108,974   
           
        1,155,818   
           

Total Utilities

         10,633,271   
           

Total Common Stocks (98.4%)
(Cost $1,474,960,824)

         1,889,826,797   
           
     Principal
Amount		    Value
(Note 1)		  

SHORT-TERM INVESTMENTS:

      

Short-Term Investments of Cash Collateral for Securities Loaned (0.5%)

      

Credit Agricole S.A./New York

      

0.41%, 7/2/10 (l)

    $ 4,999,541    $ 5,000,026   

Pricoa Global Funding I

      

0.40%, 6/25/10 (l)

      4,999,874      4,968,345   
           

Total Short-Term Investments of Cash Collateral for Securities Loaned

         9,968,371   
           

Time Deposit (1.4%)

      

JPMorgan Chase Nassau

      

0.000%, 4/1/10

      26,796,317      26,796,317   
           

Total Short-Term Investments (1.9%)
(Cost/Amortized Cost $36,795,732)

         36,764,688   
           

Total Investments (100.3%)
(Cost/Amortized Cost $1,511,756,556)

         1,926,591,485   

Other Assets Less Liabilities (-0.3%)

         (6,100,691 ) 
           

Net Assets (100%)

       $ 1,920,490,794   
           

 

* Non-income producing.

 

^ All, or a portion of security out on loan (See Note 1).

 

(l) Floating Rate Security. Rate disclosed is as of March 31, 2010.

Glossary:

ADR — American Depositary Receipt

 

See Notes to Portfolio of Investments.

241

EQ ADVISORS TRUST

EQ/EQUITY GROWTH PLUS PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

At March 31, 2010, the Portfolio had the following futures contracts open: (Note 1)

 

     Number of
Contracts		    Expiration
Date		    Original
Value		    Value at
3/31/2010		    Unrealized
Appreciation/
(Depreciation)

Purchases

               

NASDAQ 100 E-Mini Index

    128    June-10    $ 4,983,159    $ 5,006,720    $ 23,561

S&P 500 Index

    69    June-10      20,052,912      20,099,700      46,788
                  
               $ 70,349
                  

The following is a summary of the inputs used to value the Portfolio’s assets and liabilities carried at fair value as of March 31, 2010:

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, money market securities are valued using amortized cost, in accordance with rules under the Investment Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active market, such securities are reflected as Level 2.

Various inputs are used in determining the value of the Portfolio’s investments. These inputs are summarized in the three broad levels listed below:

 

Investment Type

    Level 1
Quoted prices in active
markets for identical
securities		    Level 2
Significant other
observable inputs
(including quoted prices
for similar securities,
interest rates,
prepayment speeds,
credit risk, etc.)		    Level 3
Significant unobservable
inputs (including the
Portfolio’s own
assumptions in
determining the fair
value of investments)		    Total

Assets:

            

Common Stocks

            

Consumer Discretionary

    $ 220,082,261    $ —      $ —      $ 220,082,261

Consumer Staples

      275,293,169      —        —        275,293,169

Energy

      71,757,390      —        —        71,757,390

Financials

      92,752,636      —        —        92,752,636

Health Care

      303,857,643      —        —        303,857,643

Industrials

      215,914,162      —        —        215,914,162

Information Technology

      621,784,852      —        —        621,784,852

Materials

      67,726,317      —        —        67,726,317

Telecommunication Services

      10,025,096      —        —        10,025,096

Utilities

      10,633,271      —        —        10,633,271

Futures

      70,349      —        —        70,349

Short-Term Investments

      —        36,764,688      —        36,764,688
                           

Total Assets

    $ 1,889,897,146    $ 36,764,688    $ —      $ 1,926,661,834
                           

Total Liabilities

    $ —      $ —      $ —      $ —  
                           

Total

    $ 1,889,897,146    $ 36,764,688    $ —      $ 1,926,661,834
                           

 

See Notes to Portfolio of Investments.

242

EQ ADVISORS TRUST

EQ/EQUITY GROWTH PLUS PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

Investment security transactions for the three months ended March 31, 2010 were as follows:

 

Cost of Purchases:

   

Stocks and long-term corporate debt securities

    $ 95,459,186

Net Proceeds of Sales and Redemptions:

   

Stocks and long-term corporate debt securities

    $ 187,333,934

As of March 31, 2010, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investments for Federal income tax purposes was as follows:

 

Aggregate gross unrealized appreciation

    $ 402,949,035   

Aggregate gross unrealized depreciation

      (6,525,371 ) 
        

Net unrealized appreciation

    $ 396,423,664   
        

Federal income tax cost of investments

    $ 1,530,167,821   
        

At March 31, 2010, the Portfolio had loaned securities with a total value of $8,457,508. This was secured by collateral of $9,999,415, which was received as cash and subsequently invested in short-term investments currently valued at $9,968,371, as reported in the Portfolio of Investments.

The Portfolio has a net capital loss carryforward of $814,811,184 of which $369,709,558 expires in the year 2016 and $445,101,626 expires in the year 2017.

 

See Notes to Portfolio of Investments.

243

EQ ADVISORS TRUST

EQ/EVERGREEN OMEGA PORTFOLIO

PORTFOLIO OF INVESTMENTS

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

COMMON STOCKS:

      

Consumer Discretionary (17.3%)

      

Internet & Catalog Retail (10.7%)

      

Amazon.com, Inc.*

    225,227    $ 30,570,061

Blue Nile, Inc.*

    298,020      16,397,060
         
        46,967,121
         

Media (1.7%)

      

Omnicom Group, Inc.

    196,117      7,611,301
         

Multiline Retail (0.8%)

      

Target Corp.

    65,192      3,429,099
         

Specialty Retail (0.8%)

      

Home Depot, Inc.

    112,400      3,636,140
         

Textiles, Apparel & Luxury Goods (3.3%)

      

Timberland Co., Class A*

    669,000      14,276,460
         

Total Consumer Discretionary

         75,920,121
         

Consumer Staples (5.5%)

      

Beverages (0.8%)

      

Coca-Cola Co.

    60,581      3,331,955
         

Food Products (2.4%)

      

McCormick & Co., Inc. (Non- Voting)

    279,573      10,724,420
         

Household Products (2.3%)

      

Clorox Co.

    107,746      6,910,829

Procter & Gamble Co.

    50,227      3,177,862
         
        10,088,691
         

Total Consumer Staples

         24,145,066
         

Energy (3.6%)

      

Energy Equipment & Services (3.4%)

      

Schlumberger Ltd.

    189,000      11,993,940

Weatherford International Ltd.*

    191,800      3,041,948
         
        15,035,888
         

Oil, Gas & Consumable Fuels (0.2%)

      

Chevron Corp.

    5,180      392,800

ConocoPhillips

    7,643      391,092
         
        783,892
         

Total Energy

         15,819,780
         

Financials (13.8%)

      

Capital Markets (7.4%)

      

Legg Mason, Inc.

    409,853      11,750,486

SEI Investments Co.

    942,089      20,697,695
         
        32,448,181
         

Consumer Finance (2.2%)

      

American Express Co.

    238,500      9,840,510
         

Diversified Financial Services (3.3%)

      

MSCI, Inc., Class A*

    399,600      14,425,560
         

Insurance (0.9%)

      

Marsh & McLennan Cos., Inc.

    156,592      3,823,976
         

Total Financials

         60,538,227
         

Health Care (16.8%)

      

Biotechnology (7.5%)

      

Amgen, Inc.*

    220,450      13,174,092

Biogen Idec, Inc.*

    341,936    $ 19,613,449
         
        32,787,541
         

Health Care Equipment & Supplies (4.7%)

      

Medtronic, Inc.

    141,069      6,352,337

Zimmer Holdings, Inc.*

    243,018      14,386,666
         
        20,739,003
         

Health Care Providers & Services (0.2%)

      

WellPoint, Inc.*

    14,838      955,270
         

Pharmaceuticals (4.4%)

      

Merck & Co., Inc.

    197,643      7,381,966

Novartis AG (ADR)

    224,376      12,138,742
         
        19,520,708
         

Total Health Care

         74,002,522
         

Industrials (8.6%)

      

Air Freight & Logistics (7.1%)

      

Expeditors International of Washington, Inc.

    555,700      20,516,444

United Parcel Service, Inc., Class B

    168,300      10,840,203
         
        31,356,647
         

Professional Services (1.5%)

      

CoStar Group, Inc.*

    105,600      4,384,512

Verisk Analytics, Inc., Class A*

    75,859      2,139,224
         
        6,523,736
         

Total Industrials

         37,880,383
         

Information Technology (33.4%)

      

Communications Equipment (4.4%)

      

Cisco Systems, Inc.*

    320,825      8,351,075

QUALCOMM, Inc

    264,091      11,089,181
         
        19,440,256
         

Internet Software & Services (5.1%)

      

Google, Inc., Class A*

    39,663      22,489,317
         

IT Services (6.8%)

      

Automatic Data Processing, Inc.

    117,772      5,237,321

Visa, Inc., Class A

    270,700      24,641,821
         
        29,879,142
         

Semiconductors & Semiconductor Equipment (6.7%)

      

Altera Corp.

    795,103      19,328,954

Analog Devices, Inc.

    142,000      4,092,440

Linear Technology Corp.

    204,900      5,794,572
         
        29,215,966
         

Software (10.4%)

      

FactSet Research Systems, Inc.

    262,100      19,230,277

Microsoft Corp.

    287,668      8,420,042

Oracle Corp.

    697,776      17,925,866
         
        45,576,185
         

Total Information Technology

         146,600,866
         

Total Common Stocks (99.0%)
(Cost $367,493,816)

         434,906,965
         

 

See Notes to Portfolio of Investments.

244

EQ ADVISORS TRUST

EQ/EVERGREEN OMEGA PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Principal
Amount		    Value
(Note 1)		  

SHORT-TERM INVESTMENT:

      

Time Deposit (5.9%)

      

JPMorgan Chase Nassau

      

0.000%, 4/1/10

      

(Amortized Cost $25,793,852)

    $ 25,793,852    $ 25,793,852   
           

Total Investments (104.9%)
(Cost/Amortized Cost $393,287,668)

         460,700,817   

Other Assets Less Liabilities (-4.9%)

         (21,670,179 ) 
           

Net Assets (100%)

       $ 439,030,638   
           

 

* Non-income producing.

Glossary:

ADR — American Depositary Receipt

The following is a summary of the inputs used to value the Portfolio’s assets and liabilities carried at fair value as of March 31, 2010:

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, money market securities are valued using amortized cost, in accordance with rules under the Investment Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active market, such securities are reflected as Level 2.

Various inputs are used in determining the value of the Portfolio’s investments. These inputs are summarized in the three broad levels listed below:

 

Investment Type

    Level 1
Quoted prices in active
markets for identical
securities		    Level 2
Significant other
observable inputs
(including quoted prices
for similar securities,
interest rates,
prepayment speeds,
credit risk, etc.)		    Level 3
Significant unobservable
inputs (including the
Portfolio’s own
assumptions in
determining the fair
value of investments) 		   Total

Assets:

            

Common Stocks

            

Consumer Discretionary

    $ 75,920,121    $ –    $ –    $ 75,920,121

Consumer Staples

      24,145,066      –      –      24,145,066

Energy

      15,819,780      –      –      15,819,780

Financials

      60,538,227      –      –      60,538,227

Health Care

      74,002,522      –      –      74,002,522

Industrials

      37,880,383      –      –      37,880,383

Information Technology

      146,600,866      –      –      146,600,866

Short-Term Investments

      –      25,793,852      –      25,793,852
                           

Total Assets

    $ 434,906,965    $ 25,793,852    $ –    $ 460,700,817
                           

Total Liabilities

    $ –    $ –    $ –    $ –
                           

Total

    $ 434,906,965    $ 25,793,852    $ –    $ 460,700,817
                           

Investment security transactions for the three months ended March 31, 2010 were as follows:

 

Cost of Purchases:

   

Stocks and long-term corporate debt securities

    $ 43,405,110

Net Proceeds of Sales and Redemptions:

   

Stocks and long-term corporate debt securities

    $ 1,629,669

As of March 31, 2010, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investments for Federal income tax purposes was as follows:

 

Aggregate gross unrealized appreciation

    $ 72,936,139   

Aggregate gross unrealized depreciation

      (8,182,818 ) 
        

Net unrealized appreciation

    $ 64,753,321   
        

Federal income tax cost of investments

    $ 395,947,496   
        

The Portfolio has a net capital loss carryforward of $6,053,099 which expires in the year 2017.

 

See Notes to Portfolio of Investments.

245

EQ ADVISORS TRUST

EQ/FRANKLIN CORE BALANCED PORTFOLIO

PORTFOLIO OF INVESTMENTS

March 31, 2010 (Unaudited)

 

     Principal
Amount		    Value
(Note 1)

LONG-TERM DEBT SECURITIES:

      

Asset-Backed and Mortgage-Backed Securities (0.6%)

      

Asset-Backed Securities (0.1%)

      

Chase Issuance Trust,

      

Series 2007-A15 A

      

4.960%, 9/17/12

    $ 485,000    $ 494,523

Ford Credit Auto Owner Trust,

      

Series 2009-C A3

      

2.720%, 11/15/13

      400,000      408,022
         
        902,545
         

Non-Agency CMO (0.5%)

      

Banc of America Commercial Mortgage, Inc.,

      

Series 2005-4 A5A

      

4.933%, 7/10/45

      368,000      360,137

Series 2006-6 A4

      

5.356%, 10/10/45

      484,000      491,272

Series 2007-1 A4

      

5.451%, 1/15/49

      235,000      226,545

Citigroup Commercial Mortgage Trust, Inc.,

      

Series 2008-C7 A4

      

6.095%, 12/10/49(l)

      335,000      337,597

CS First Boston Mortgage Securities Corp.,

      

Series 2001-CK1 C

      

6.730%, 12/18/35

      553,000      556,151

Series 2002-CKS4 A2

      

5.183%, 11/15/36

      530,000      553,261

CW Capital Cobalt Ltd.,

      

Series 2007-C3 A4

      

5.820%, 5/15/46(l)

      225,000      198,751

First Union National Bank Commercial Mortgage Trust,

      

Series 2000-C2 A2

      

7.202%, 10/15/32

      529,886      536,037

Greenwich Capital Commercial Funding Corp.,

      

Series 2005-GG5 A5

      

5.224%, 4/10/37(l)

      395,000      395,938

JP Morgan Chase Commercial Mortgage Securities Corp.,

      

Series 2001-CIB3 A3

      

6.465%, 11/15/35

      622,000      651,319

Series 2001-CIBC B

      

6.446%, 3/15/33

      691,000      694,536

Series 2006-LDP7 A4

      

5.874%, 4/15/45(l)

      415,000      442,483

Series 2007-CB18 AM

      

5.466%, 6/12/47(l)

      45,000      32,957

Morgan Stanley Capital I, Inc.,

      

Series 2007-IQ14 A4

      

5.692%, 4/15/49(l)

      225,000      206,404

Wachovia Bank Commercial Mortgage Trust,

      

Series 2007-C32 A2

      

5.735%, 6/15/49(l)

      450,000      464,907

Series 2007-C33 A4

      

5.902%, 2/15/51(l)

      210,000      195,824
         
        6,344,119
         

Total Asset-Backed and Mortgage- Backed Securities

         7,246,664
         

Convertible Bonds (0.6%)

      

Financials (0.5%)

      

Real Estate Investment Trusts (REITs) (0.5%)iStar Financial, Inc.

      

0.751%, 10/1/12(l)

    $ 7,500,000    $ 5,703,750
         

Total Financials

         5,703,750
         

Information Technology (0.1%)

      

Semiconductors & Semiconductor Equipment (0.1%)

      

Advanced Micro Devices, Inc.

      

5.750%, 8/15/12§

      1,301,000      1,296,121
         

Total Information Technology

         1,296,121
         

Total Convertible Bonds

         6,999,871
         

Corporate Bonds (27.5%)

      

Consumer Discretionary (3.5%)

      

Auto Components (0.2%)

      

Allison Transmission, Inc.

      

Term Loan

      

3.010%, 8/7/14(l)

    $ 2,771,345      2,633,768
         
        2,633,768
         

Automobiles (0.1%)

      

Daimler Finance N.A. LLC

      

5.875%, 3/15/11

      224,000      233,047

6.500%, 11/15/13

      69,000      76,496

Motors Liquidation Co.

      

8.375%, 7/15/33(h)

      1,700,000      637,500
         
        947,043
         

Hotels, Restaurants & Leisure (0.6%)

      

Harrahs Operating Co., Inc.

      

11.250%, 6/1/17

      1,000,000      1,077,500

McDonald’s Corp.

      

5.350%, 3/1/18

      40,000      43,378

MGM MIRAGE

      

6.750%, 4/1/13

      2,000,000      1,810,000

Wendy’s/Arby’s Restaurants LLC

      

10.000%, 7/15/16

      750,000      806,250

Wyndham Worldwide Corp.

      

9.875%, 5/1/14

      2,500,000      2,839,235

Yum! Brands, Inc.

      

6.875%, 11/15/37

      75,000      81,435
         
        6,657,798
         

Household Durables (0.4%)

      

Fortune Brands, Inc.

      

5.375%, 1/15/16

      50,000      52,093

Jarden Corp.

      

8.000%, 5/1/16

      700,000      733,250

KB Home

      

5.750%, 2/1/14

      4,000,000      3,880,000
         
        4,665,343
         

Media (1.9%)

      

Cablevision Systems Corp.

      

Series B

      

8.000%, 4/15/12

      2,500,000      2,671,875

CBS Corp.

      

7.875%, 7/30/30

      55,000      60,612

Cequel Communications Holdings I, LLC

      

8.625%, 11/15/17§

      2,000,000      2,055,000

 

See Notes to Portfolio of Investments.

246

EQ ADVISORS TRUST

EQ/FRANKLIN CORE BALANCED PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Principal
Amount		    Value
(Note 1)

Clear Channel Communications, Inc.

      

Term Loan B

      

3.898%, 11/13/15(l)

    $ 4,657,991    $ 3,771,520

Clear Channel Worldwide Holdings, Inc.

      

9.250%, 12/15/17§

      1,500,000      1,565,625

Comcast Cable Communications Holdings, Inc.

      

9.455%, 11/15/22

      25,000      33,404

Comcast Corp.

      

5.300%, 1/15/14

      150,000      161,276

5.900%, 3/15/16

      50,000      54,619

6.500%, 1/15/17

      94,000      104,501

7.050%, 3/15/33

      40,000      43,017

COX Communications, Inc.

      

7.125%, 10/1/12

      100,000      111,766

Dex One Corp.

      

12.000%, 1/29/17

      2,514,084      2,564,366

News America Holdings, Inc.

      

8.000%, 10/17/16

      100,000      117,297

News America, Inc.

      

5.300%, 12/15/14

      80,000      87,658

6.200%, 12/15/34

      40,000      39,895

SuperMedia, Inc.

      

8.000%, 12/31/15

      1,180,868      1,106,695

Time Warner Cable, Inc.

      

6.200%, 7/1/13

      249,000      274,770

8.250%, 4/1/19

      170,000      205,715

6.750%, 6/15/39

      125,000      131,126

Time Warner, Inc.

      

6.875%, 5/1/12

      77,000      84,696

7.625%, 4/15/31

      169,000      193,018

7.700%, 5/1/32

      143,000      165,047

Umbrella Acquisition, Inc.

      

9.750%, 3/15/15 PIK§

      4,431,025      3,821,759

Univision Communications, Inc.

      

12.000%, 7/1/14§

      500,000      547,500

Viacom, Inc.

      

6.250%, 4/30/16

      69,000      76,232

Virgin Media, Inc.

      

7.000%, 1/15/18§

    GBP 900,000      1,394,772
         
        21,443,761
         

Multiline Retail (0.3%)

      

Dollar General Corp.

      

11.875%, 7/15/17 PIK

    $ 2,746,000      3,199,090

Target Corp.

      

6.350%, 11/1/32

      125,000      132,902
         
        3,331,992
         

Specialty Retail (0.0%)

      

Home Depot, Inc.

      

5.400%, 3/1/16

      105,000      113,463
         

Total Consumer Discretionary

         39,793,168
         

Consumer Staples (0.6%)

      

Beverages (0.0%)

      

Anheuser-Busch Cos., Inc.

      

6.450%, 9/1/37

      55,000      58,613

Bottling Group LLC

      

4.625%, 11/15/12

      61,000      65,489

Coca-Cola Enterprises, Inc.

      

7.375%, 3/3/14

      56,000      65,431

Diageo Capital plc

      

5.500%, 9/30/16

      63,000      68,402

Diageo Finance B.V.

      

5.300%, 10/28/15

      95,000      104,301

PepsiCo, Inc.

      

7.900%, 11/1/18

    $ 94,000    $ 116,424
         
        478,660
         

Food & Staples Retailing (0.4%)

      

Costco Wholesale Corp.

      

5.500%, 3/15/17

      92,000      100,957

CVS Caremark Corp.

      

6.250%, 6/1/27

      83,000      86,191

Kroger Co.

      

7.500%, 4/1/31

      30,000      35,013

SUPERVALU, Inc.

      

8.000%, 5/1/16

      3,300,000      3,341,250

Wal-Mart Stores, Inc.

      

5.000%, 4/5/12

      254,000      272,433

5.250%, 9/1/35

      102,000      97,452
         
        3,933,296
         

Food Products (0.2%)

      

Archer-Daniels-Midland Co.

      

6.450%, 1/15/38

      25,000      27,784

General Mills, Inc.

      

6.000%, 2/15/12

      115,000      125,124

JBS USA LLC/JBS USA

      

11.625%, 5/1/14§

      1,500,000      1,710,000

Kellogg Co.

      

7.450%, 4/1/31

      35,000      42,588

Kraft Foods, Inc.

      

5.625%, 11/1/11

      61,000      64,788

6.125%, 8/23/18

      150,000      163,464

7.000%, 8/11/37

      45,000      49,391

6.875%, 2/1/38

      191,000      206,630

Unilever Capital Corp.

      

5.900%, 11/15/32

      30,000      31,393
         
        2,421,162
         

Household Products (0.0%)

      

Kimberly-Clark Corp.

      

6.125%, 8/1/17

      50,000      56,336

Procter & Gamble Co.

      

5.800%, 8/15/34

      78,000      81,436
         
        137,772
         

Tobacco (0.0%)

      

Altria Group, Inc.

      

9.700%, 11/10/18

      113,000      138,948

10.200%, 2/6/39

      73,000      97,870

Philip Morris International, Inc.

      

5.650%, 5/16/18

      63,000      67,831
         
        304,649
         

Total Consumer Staples

         7,275,539
         

Energy (4.8%)

      

Energy Equipment & Services (0.3%)

      

SEACOR Holdings, Inc.

      

7.375%, 10/1/19

      1,000,000      1,029,353

SESI LLC

      

6.875%, 6/1/14

      2,000,000      1,960,000

Transocean, Inc.

      

6.800%, 3/15/38

      30,000      33,687

Weatherford International Ltd.

      

5.500%, 2/15/16

      75,000      79,917
         
        3,102,957
         

Oil, Gas & Consumable Fuels (4.5%)

      

Anadarko Petroleum Corp.

      

5.950%, 9/15/16

      80,000      87,158

 

See Notes to Portfolio of Investments.

247

EQ ADVISORS TRUST

EQ/FRANKLIN CORE BALANCED PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Principal
Amount		    Value
(Note 1)

Antero Resources Corp.

      

9.375%, 12/1/17§

    $ 1,000,000    $ 1,030,000

Apache Corp.

      

5.625%, 1/15/17

      50,000      54,925

Bill Barrett Corp.

      

9.875%, 7/15/16

      200,000      215,500

Callon Petroleum Co.

      

13.000%, 9/15/16

      3,000,000      2,550,000

Canadian Natural Resources Ltd.

      

6.250%, 3/15/38

      112,000      115,813

Cenovus Energy, Inc.

      

5.700%, 10/15/19§

      115,000      120,924

Chesapeake Energy Corp.

      

6.500%, 8/15/17

      4,000,000      3,870,000

7.250%, 12/15/18

      6,000,000      6,000,000

6.875%, 11/15/20

      1,300,000      1,264,250

Chevron Corp.

      

3.450%, 3/3/12

      159,000      165,522

Conoco Funding Co.

      

6.350%, 10/15/11

      73,000      78,746

ConocoPhillips

      

4.600%, 1/15/15

      150,000      160,873

ConocoPhillips Canada Funding Co. I

      

5.625%, 10/15/16

      146,000      162,523

Denbury Resources, Inc.

      

8.250%, 2/15/20

      700,000      742,000

Devon Financing Corp. ULC

      

6.875%, 9/30/11

      61,000      65,820

El Paso Corp.

      

12.000%, 12/12/13

      2,800,000      3,276,000

7.750%, 1/15/32

      1,700,000      1,670,437

EnCana Corp.

      

4.750%, 10/15/13

      90,000      96,386

EnCana Holdings Finance Corp.

      

5.800%, 5/1/14

      142,000      156,777

EOG Resources, Inc.

      

5.625%, 6/1/19

      15,000      16,099

Forest Oil Corp.

      

8.500%, 2/15/14

      2,000,000      2,110,000

Hess Corp.

      

7.300%, 8/15/31

      25,000      28,487

Kinder Morgan Energy Partners LP

      

5.000%, 12/15/13

      193,000      206,912

6.850%, 2/15/20

      200,000      224,365

Linn Energy LLC/Linn Energy Finance Corp.

      

8.625%, 4/15/20§

      1,700,000      1,702,125

Marathon Oil Corp.

      

6.600%, 10/1/37

      45,000      47,238

Mariner Energy, Inc.

      

7.500%, 4/15/13

      1,450,000      1,460,875

Nabors Industries, Inc.

      

6.150%, 2/15/18

      65,000      69,245

Newfield Exploration Co.

      

6.625%, 4/15/16

      1,800,000      1,831,500

Nexen, Inc.

      

6.400%, 5/15/37

      75,000      75,602

ONEOK Partners LP

      

8.625%, 3/1/19

      100,000      123,485

Pemex Project Funding Master Trust

      

6.625%, 6/15/35

      75,000      73,889

Petrobras International Finance Co.

      

5.750%, 1/20/20

      165,000      169,041

Petro-Canada, Inc.

      

5.950%, 5/15/35

      20,000      19,573

6.800%, 5/15/38

      15,000      16,049

PetroHawk Energy Corp.

      

7.875%, 6/1/15

    $ 4,200,000    $ 4,278,750

Pioneer Natural Resources Co.

      

6.650%, 3/15/17

      2,500,000      2,499,450

6.875%, 5/1/18

      4,000,000      3,997,764

Plains All American Pipeline LP

      

6.500%, 5/1/18

      40,000      43,582

Plains Exploration & Production Co.

      

10.000%, 3/1/16

      3,000,000      3,315,000

Quicksilver Resources, Inc.

      

11.750%, 1/1/16

      1,300,000      1,488,500

SandRidge Energy, Inc.

      

9.875%, 5/15/16§

      2,000,000      2,055,000

Shell International Finance B.V.

      

4.000%, 3/21/14

      190,000      199,943

6.375%, 12/15/38

      45,000      49,554

Spectra Energy Capital LLC

      

7.500%, 9/15/38

      30,000      34,016

Statoil ASA

      

5.250%, 4/15/19

      25,000      26,108

Suncor Energy, Inc.

      

6.100%, 6/1/18

      90,000      96,973

Trans-Canada Pipelines Ltd.

      

7.125%, 1/15/19

      118,000      138,250

Valero Energy Corp.

      

6.625%, 6/15/37

      61,000      58,014

W&T Offshore, Inc.

      

8.250%, 6/15/14§

      4,000,000      3,740,000

XTO Energy, Inc.

      

6.375%, 6/15/38

      73,000      81,751
         
        52,160,794
         

Total Energy

         55,263,751
         

Financials (8.0%)

      
Capital Markets (0.2%)      

Bank of New York Mellon Corp.

      

5.125%, 8/27/13

      63,000      68,752

Bear Stearns Cos. LLC

      

6.400%, 10/2/17

      155,000      171,231

Credit Suisse Guernsey Ltd.

      

5.860%, 12/31/49(l)

      50,000      46,875

Deutsche Bank AG/London

      

4.875%, 5/20/13

      191,000      204,681

Goldman Sachs Capital II

      

5.793%, 12/29/49(l)

      50,000      42,375

Goldman Sachs Group, Inc.

      

5.250%, 10/15/13

      113,000      121,467

5.125%, 1/15/15

      84,000      88,605

5.350%, 1/15/16

      83,000      87,434

5.750%, 10/1/16

      130,000      138,963

5.625%, 1/15/17

      215,000      220,312

6.125%, 2/15/33

      71,000      70,176

6.750%, 10/1/37

      121,000      120,848

Morgan Stanley

      

6.600%, 4/1/12

      63,000      68,353

5.300%, 3/1/13

      82,000      87,267

4.750%, 4/1/14

      75,000      76,581

5.450%, 1/9/17

      251,000      254,490

7.300%, 5/13/19

      200,000      220,962

UBS Preferred Funding Trust I

      

8.622%, 10/29/49(l)

      50,000      49,509
         
        2,138,881
         

 

See Notes to Portfolio of Investments.

248

EQ ADVISORS TRUST

EQ/FRANKLIN CORE BALANCED PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Principal
Amount		    Value
(Note 1)
Commercial Banks (1.6%)      

CapitalSource, Inc.

      

4.000%, 7/15/34(e)

    $ 2,000,000    $ 1,915,000

GMAC, Inc.

      

6.875%, 9/15/11

      6,698,000      6,806,843

8.000%, 3/15/20§

      3,000,000      3,075,000

HSBC Bank USA/New York

      

4.625%, 4/1/14

      83,000      86,601

5.875%, 11/1/34

      90,000      87,323

HSBC Holdings plc

      

6.500%, 5/2/36

      92,000      94,804

JPMorgan Chase Bank N.A.

      

6.000%, 10/1/17

      156,000      166,321

Kreditanstalt fuer Wiederaufbau

      

3.500%, 3/10/14

      408,000      424,582

4.125%, 10/15/14

      94,000      98,624

4.375%, 7/21/15

      203,000      215,025

Landwirtschaftliche Rentenbank

      

5.125%, 2/1/17

      123,000      134,169

PNC Funding Corp.

      

5.250%, 11/15/15

      57,000      59,919

Regions Bank/Alabama

      

3.250%, 12/9/11

      483,000      500,966

State Street Bank and Trust Co.

      

8.250%, 3/15/42(l)

      20,000      20,700

USB Capital IX

      

6.189%, 10/29/49(l)

      50,000      42,750

Wachovia Bank N.A.

      

5.600%, 3/15/16

      113,000      118,502

6.600%, 1/15/38

      209,000      215,034

Wachovia Capital Trust III

      

5.800%, 3/29/49(l)

      100,000      84,750

Wells Fargo & Co.

      

5.375%, 2/7/35

      57,000      52,990

Wells Fargo Capital X

      

5.950%, 12/15/36

      100,000      91,684

Wells Fargo Capital XIII

      

7.700%, 12/29/49(l)

      125,000      129,062

Wells Fargo Capital XV

      

9.750%, 12/31/49(l)

      4,000,000      4,480,000
         
        18,900,649
         
Consumer Finance (2.3%)      

American Express Co.

      

4.875%, 7/15/13

      158,000      166,652

8.125%, 5/20/19

      85,000      102,952

6.800%, 9/1/66(l)

      30,000      29,250

Capital One Capital III

      

7.686%, 8/15/36

      25,000      23,906

Capital One Financial Corp.

      

7.375%, 5/23/14

      100,000      114,273

Ford Motor Credit Co. LLC

      

7.375%, 2/1/11

      6,000,000      6,149,814

7.250%, 10/25/11

      2,000,000      2,067,782

3.001%, 1/13/12(l)

      6,000,000      5,827,500

8.000%, 6/1/14

      6,000,000      6,316,536

12.000%, 5/15/15

      3,000,000      3,584,088

International Lease Finance Corp.

      

8.625%, 9/15/15§

      500,000      511,129

8.750%, 3/15/17§

      1,400,000      1,432,246

SLM Corp.

      

5.375%, 5/15/14

      125,000      118,399
         
        26,444,527
         
Diversified Financial Services (2.2%)      

Bank of America Corp.

      

2.100%, 4/30/12

    $ 323,000    $ 328,948

4.875%, 1/15/13

      89,000      93,155

4.750%, 8/1/15

      75,000      75,822

5.250%, 12/1/15

      101,000      102,529

5.625%, 10/14/16

      75,000      77,652

5.650%, 5/1/18

      325,000      328,793

Bank of America N.A.

      

5.300%, 3/15/17

      106,000      104,929

BP Capital Markets plc

      

5.250%, 11/7/13

      110,000      121,047

Capital One Capital IV

      

6.745%, 2/17/37(l)

      20,000      17,250

Caterpillar Financial Services Corp.

      

7.150%, 2/15/19

      135,000      158,908

CEVA Group plc

      

11.500%, 4/1/18§

      2,900,000      3,008,750

Citigroup Funding, Inc.

      

2.250%, 12/10/12

      495,000      503,034

Citigroup, Inc.

      

5.250%, 2/27/12

      156,000      163,378

5.500%, 10/15/14

      400,000      413,962

5.300%, 1/7/16

      274,000      279,128

5.850%, 8/2/16

      58,000      59,482

5.850%, 12/11/34

      55,000      49,941

Countrywide Home Loans, Inc.

      

4.000%, 3/22/11

      85,000      87,386

Credit Suisse USA, Inc.

      

7.125%, 7/15/32

      62,000      72,711

General Electric Capital Corp.

      

4.875%, 3/4/15

      65,000      68,303

5.400%, 2/15/17

      72,000      75,321

5.625%, 9/15/17

      191,000      201,110

6.750%, 3/15/32

      148,000      156,581

6.150%, 8/7/37

      128,000      125,172

6.375%, 11/15/67(l)

      100,000      93,875

Icahn Enterprises LP/Icahn Enterprises Finance Corp.

      

7.750%, 1/15/16§

      1,500,000      1,443,750

8.000%, 1/15/18§

      1,500,000      1,445,625

JPMorgan Chase & Co.

      

6.625%, 3/15/12

      90,000      97,837

3.700%, 1/20/15

      225,000      226,386

5.150%, 10/1/15

      393,000      414,744

7.900%, 4/29/49(l)

      9,468,000      10,093,835

LBI Escrow Corp.

      

8.000%, 11/1/17§

      1,100,000      1,141,250

National Rural Utilities Cooperative Finance Corp.

      

5.450%, 4/10/17

      82,000      87,232

New Communications Holdings, Inc.

      

8.250%, 4/15/17§

      700,000      712,250

8.500%, 4/15/20§

      700,000      705,250

Petroplus Finance Ltd.

      

7.000%, 5/1/17§

      2,500,000      2,150,000

Principal Life Global Funding I

      

5.250%, 1/15/13§

      123,000      130,998
         
        25,416,324
         
Insurance (0.4%)      

ACE INA Holdings, Inc.

      

5.875%, 6/15/14

      81,000      88,957

AIG SunAmerica Global Financing X

      

6.900%, 3/15/32§

      71,000      69,274

Allstate Corp.

      

7.500%, 6/15/13

      77,000      87,708

 

See Notes to Portfolio of Investments.

249

EQ ADVISORS TRUST

EQ/FRANKLIN CORE BALANCED PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Principal
Amount		    Value (Note 1)

6.125%, 5/15/37(l)

    $ 20,000    $ 18,950

6.500%, 5/15/57(l)

      20,000      19,150

American International Group, Inc.

      

5.600%, 10/18/16

      80,000      74,461

5.850%, 1/16/18

      281,000      261,096

Berkshire Hathaway Finance Corp.

      

4.750%, 5/15/12

      110,000      117,622

Chubb Corp.

      

6.000%, 5/11/37

      25,000      25,643

6.375%, 3/29/67(l)

      50,000      50,312

Liberty Mutual Group, Inc.

      

10.750%, 6/15/58(l)§

      3,000,000      3,360,000

Marsh & McLennan Cos., Inc.

      

9.250%, 4/15/19

      35,000      43,587

MetLife, Inc.

      

6.125%, 12/1/11

      79,000      84,519

5.700%, 6/15/35

      67,000      64,263

6.400%, 12/15/36

      50,000      44,750

Metropolitan Life Global Funding I

      

5.125%, 6/10/14§

      75,000      79,439

Nationwide Financial Services, Inc.

      

6.750%, 5/15/37

      10,000      8,415

Progressive Corp.

      

6.700%, 6/15/37(l)

      40,000      39,275

Travelers Cos., Inc.

      

5.750%, 12/15/17

      65,000      70,573

6.250%, 3/15/37(l)

      50,000      49,218

Travelers Property Casualty Corp.

      

6.375%, 3/15/33

      25,000      26,255
         
        4,683,467
         

Real Estate Investment Trusts (REITs) (1.0%)

      

Boston Properties, Inc.

      

5.000%, 6/1/15

      60,000      61,493

ERP Operating LP

      

5.250%, 9/15/14

      45,000      47,117

HCP, Inc.

      

6.000%, 1/30/17

      45,000      44,823

6.700%, 1/30/18

      1,000,000      1,019,146

Hospitality Properties Trust

      

6.300%, 6/15/16

      55,000      54,134

Host Hotels & Resorts LP

      

6.875%, 11/1/14

      4,000,000      4,040,000

Series O

      

6.375%, 3/15/15

      4,500,000      4,466,250

Series Q

      

6.750%, 6/1/16

      1,000,000      1,002,500

iStar Financial, Inc.

      

8.625%, 6/1/13

      1,000,000      855,000
         
        11,590,463
         

Real Estate Management & Development (0.3%)

      

Duke Realty LP

      

5.950%, 2/15/17

      3,000,000      2,949,465
         

Thrifts & Mortgage Finance (0.0%)

      

Washington Mutual Preferred Funding LLC

      

9.750%, 10/29/49(h)§

      2,500,000      71,875
         

Total Financials

         92,195,651
         

Health Care (2.8%)

      

Biotechnology (0.0%)

      

Amgen, Inc.

      

6.400%, 2/1/39

      40,000      43,219
         

Health Care Equipment & Supplies (0.0%)

      

Baxter International, Inc.

      

5.375%, 6/1/18

    $ 157,000    $ 168,718

Covidien International Finance S.A.

      

6.000%, 10/15/17

      187,000      205,072
         
        373,790
         

Health Care Providers & Services (2.7%)

      

Aetna, Inc.

      

6.000%, 6/15/16

      116,000      127,178

DaVita, Inc.

      

6.625%, 3/15/13

      3,086,000      3,105,287

HCA, Inc.

      

6.500%, 2/15/16

      6,000,000      5,692,500

8.500%, 4/15/19§

      6,000,000      6,453,750

Tenet Healthcare Corp.

      

7.375%, 2/1/13

      7,000,000      7,070,000

9.250%, 2/1/15

      5,000,000      5,243,750

U.S. Oncology Holdings, Inc.

      

6.643%, 3/15/12 PIK(l)

      3,251,432      3,080,732

UnitedHealth Group, Inc.

      

5.800%, 3/15/36

      86,000      80,536
         
        30,853,733
         

Pharmaceuticals (0.1%)

      

Abbott Laboratories, Inc.

      

5.875%, 5/15/16

      61,000      68,971

5.125%, 4/1/19

      50,000      52,666

AstraZeneca plc

      

5.900%, 9/15/17

      63,000      70,367

Bristol-Myers Squibb Co.

      

5.250%, 8/15/13

      164,000      180,716

Eli Lilly and Co.

      

5.200%, 3/15/17

      158,000      170,039

GlaxoSmithKline Capital, Inc.

      

5.650%, 5/15/18

      185,000      200,881

5.375%, 4/15/34

      55,000      53,376

Johnson & Johnson

      

4.950%, 5/15/33

      105,000      101,214

Merck & Co., Inc.

      

5.300%, 12/1/13

      151,000      167,738

4.750%, 3/1/15

      80,000      86,520

Pfizer, Inc.

      

7.200%, 3/15/39

      55,000      67,077

Wyeth

      

5.500%, 2/1/14

      191,000      210,702
         
        1,430,267
         

Total Health Care

         32,701,009
         

Industrials (2.2%)

      

Aerospace & Defense (0.1%)

      

Boeing Co.

      

5.000%, 3/15/14

      75,000      81,191

Goodrich Corp.

      

6.800%, 7/1/36

      25,000      27,342

Honeywell International, Inc.

      

5.400%, 3/15/16

      94,000      103,643

5.300%, 3/1/18

      85,000      90,534

Lockheed Martin Corp.

      

Series B

      

6.150%, 9/1/36

      35,000      37,035

Raytheon Co.

      

6.400%, 12/15/18

      50,000      56,541

United Technologies Corp.

      

4.875%, 5/1/15

      93,000      100,879

 

See Notes to Portfolio of Investments.

250

EQ ADVISORS TRUST

EQ/FRANKLIN CORE BALANCED PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Principal
Amount		    Value
(Note 1)

6.125%, 2/1/19

    $ 33,000    $ 37,117
         
        534,282
         

Air Freight & Logistics (0.0%)

      

United Parcel Service, Inc.

      

5.500%, 1/15/18

      60,000      65,643
         

Airlines (0.0%)

      

Southwest Airlines Co.

      

5.750%, 12/15/16

      50,000      51,137
         

Building Products (0.0%)

      

CRH America, Inc.

      

6.000%, 9/30/16

      83,000      89,182
         

Commercial Services & Supplies (0.2%)

      

Ceridian Corp.

      

11.250%, 11/15/15(e)

      2,000,000      1,915,000

Pitney Bowes, Inc.

      

5.000%, 3/15/15

      50,000      53,469

R.R. Donnelley & Sons Co.

      

6.125%, 1/15/17

      75,000      75,290

Waste Management, Inc.

      

7.375%, 3/11/19

      52,000      60,278
         
        2,104,037
         

Industrial Conglomerates (0.7%)

      

3M Co.

      

5.700%, 3/15/37

      25,000      25,842

Bombardier, Inc.

      

7.750%, 3/15/20§

      2,500,000      2,612,500

General Electric Co.

      

5.000%, 2/1/13

      173,000      186,489

RBS Global, Inc./Rexnord LLC

      

9.500%, 8/1/14§

      3,409,000      3,545,360

11.750%, 8/1/16

      2,000,000      2,145,000
         
        8,515,191
         

Machinery (0.5%)

      

Deere & Co.

      

6.950%, 4/25/14

      73,000      84,347

8.100%, 5/15/30

      68,000      86,228

Manitowoc Co., Inc.

      

9.500%, 2/15/18

      1,000,000      1,042,500

Terex Corp.

      

8.000%, 11/15/17

      5,000,000      4,862,500
         
        6,075,575
         

Road & Rail (0.7%)

      

Burlington Northern Santa Fe Corp.

      

5.750%, 3/15/18

      40,000      42,817

Canadian National Railway Co.

      

5.550%, 5/15/18

      48,000      51,616

6.200%, 6/1/36

      55,000      59,205

CSX Corp.

      

5.500%, 8/1/13

      66,000      71,436

7.375%, 2/1/19

      40,000      46,612

Hertz Corp.

      

8.875%, 1/1/14

      7,000,000      7,192,500

10.500%, 1/1/16

      500,000      536,875

Norfolk Southern Corp.

      

5.900%, 6/15/19

      40,000      43,218

Union Pacific Corp.

      

6.150%, 5/1/37

    $ 25,000 $      25,838
         
        8,070,117
         

Total Industrials

         25,505,164
         

Information Technology (1.7%)

      

Communications Equipment (0.0%)

      

Cisco Systems, Inc.

      

5.500%, 2/22/16

      121,000      134,832

5.900%, 2/15/39

      80,000      81,220
         
        216,052
         

Computers & Peripherals (0.0%)

      

Hewlett-Packard Co.

      

5.500%, 3/1/18

      156,000      169,533

International Business Machines Corp.

      

4.750%, 11/29/12

      152,000      164,441

5.600%, 11/30/39

      60,000      60,517
         
        394,491
         

Electronic Equipment, Instruments & Components (0.4%)

      

Sanmina-SCI Corp.

      

6.750%, 3/1/13

      2,000,000      2,000,000

8.125%, 3/1/16

      2,000,000      2,012,500
         
        4,012,500
         

IT Services (0.7%)

      

First Data Corp.

      

9.875%, 9/24/15

      4,000,000      3,410,000

Term Loan

      

3.040%, 9/24/14(l)

      4,800,761      4,245,947
         
        7,655,947
         

Semiconductors & Semiconductor Equipment (0.4%)

      

Freescale Semiconductor, Inc.

      

0.417%, 12/15/14

      1,763,458      1,811,625

8.875%, 12/15/14

      1,750,000      1,671,250

10.125%, 12/15/16

      1,750,000      1,548,750
         
        5,031,625
         

Software (0.2%)

      

IMS Health, Inc.

      

12.500%, 3/1/18§

      1,000,000      1,163,750

Microsoft Corp.

      

2.950%, 6/1/14

      85,000      86,297

Oracle Corp.

      

3.750%, 7/8/14

      135,000      140,879

5.250%, 1/15/16

      411,000      452,774
         
        1,843,700
         

Total Information Technology

         19,154,315
         

Materials (0.8%)

      

Chemicals (0.4%)

      

Dow Chemical Co.

      

7.600%, 5/15/14

      75,000      85,620

8.550%, 5/15/19

      50,000      60,487

E.I. du Pont de Nemours & Co.

      

5.250%, 12/15/16

      94,000      101,437

Ineos Group Holdings plc

      

7.875%, 2/15/16§

      EUR 4,000,000      4,241,041

Lubrizol Corp.

      

8.875%, 2/1/19

    $ 55,000      69,369

Potash Corp of Saskatchewan, Inc.

      

5.875%, 12/1/36

      20,000      19,623
         
        4,577,577
         

 

See Notes to Portfolio of Investments.

251

EQ ADVISORS TRUST

EQ/FRANKLIN CORE BALANCED PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Principal
Amount		    Value
(Note 1)

Metals & Mining (0.3%)

      

ArcelorMittal S.A.

      

6.125%, 6/1/18

    $ 205,000    $ 215,190

Barrick Gold Finance Co.

      

4.875%, 11/15/14

      125,000      132,887

BHP Billiton Finance USA Ltd.

      

5.250%, 12/15/15

      50,000      54,529

6.500%, 4/1/19

      35,000      40,015

Consol Energy, Inc.

      

8.250%, 4/1/20§

      1,400,000      1,438,500

Newmont Mining Corp.

      

5.875%, 4/1/35

      30,000      28,879

Novelis, Inc.

      

2.240%, 7/7/14

      742,237      717,584

2.260%, 7/7/14

      643,604      622,228

Rio Tinto Alcan, Inc.

      

4.500%, 5/15/13

      210,000      220,876

Vale Overseas Ltd.

      

6.875%, 11/21/36

      117,000      121,042
         
        3,591,730
         

Paper & Forest Products (0.1%)

      

International Paper Co.

      

9.375%, 5/15/19

      40,000      50,004

7.500%, 8/15/21

      175,000      198,855

NewPage Corp.

      

10.000%, 5/1/12

      1,000,000      693,750
         
        942,609
         

Total Materials

         9,111,916
         

Telecommunication Services (0.4%)

      

Diversified Telecommunication Services (0.2%)

      

AT&T, Inc.

      

6.250%, 3/15/11

      61,000      64,128

5.875%, 8/15/12

      61,000      66,677

5.100%, 9/15/14

      109,000      117,932

5.500%, 2/1/18

      75,000      79,624

6.150%, 9/15/34

      158,000      156,084

6.550%, 2/15/39

      45,000      47,306

BellSouth Corp.

      

6.000%, 10/15/11

      123,000      131,654

5.200%, 9/15/14

      62,000      66,802

British Telecommunications plc

      

9.625%, 12/15/30

      80,000      100,742

Deutsche Telekom International Finance B.V.

      

5.250%, 7/22/13

      96,000      102,945

8.750%, 6/15/30

      57,000      73,000

France Telecom S.A.

      

4.375%, 7/8/14

      100,000      105,410

Qwest Corp.

      

8.375%, 5/1/16

      140,000      157,500

Telecom Italia Capital S.A.

      

5.250%, 10/1/15

      143,000      146,417

Telefonica Emisiones S.A.U.

      

6.421%, 6/20/16

      199,000      221,073

Verizon Communications, Inc.

      

7.375%, 9/1/12

      76,000      86,064

4.900%, 9/15/15

      82,000      88,020

8.750%, 11/1/18

      100,000      125,451

7.750%, 12/1/30

      155,000      184,438
         
        2,121,267
         

Wireless Telecommunication Services (0.2%)

      

America Movil S.A.B. de C.V.

      

6.375%, 3/1/35

      50,000      50,358

AT&T Mobility LLC

      

7.125%, 12/15/31

    $ 55,000    $ 60,897

Crown Castle International Corp.

      

9.000%, 1/15/15

      1,500,000      1,623,750

Rogers Communications, Inc.

      

7.250%, 12/15/12

      105,000      119,004

Vodafone Group plc

      

5.000%, 12/16/13

      94,000      101,450

4.150%, 6/10/14

      45,000      46,729

6.150%, 2/27/37

      25,000      25,607
         
        2,027,795
         

Total Telecommunication Services

         4,149,062
         

Utilities (2.7%)

      

Electric Utilities (2.0%)

      

Alabama Power Co.

      

5.700%, 2/15/33

      25,000      24,944

Baltimore Gas & Electric Co.

      

5.900%, 10/1/16

      122,000      131,089

Calpine Construction Finance Co.

      

LP/ CCFC Finance Corp.

      

8.000%, 6/1/16§

      1,000,000      1,022,500

Commonwealth Edison Co.

      

6.150%, 9/15/17

      144,000      159,139

Consolidated Edison Co. of New York, Inc.

      

Series 05-C

      

5.375%, 12/15/15

      85,000      92,197

Series 08-A

      

5.850%, 4/1/18

      100,000      109,442

Duke Energy Carolinas LLC

      

Series C

      

7.000%, 11/15/18

      26,000      30,630

Duke Energy Corp.

      

6.250%, 1/15/12

      182,000      197,504

5.050%, 9/15/19

      165,000      166,935

Energy Future Holdings Corp.

      

10.875%, 11/1/17(e)

      3,000,000      2,227,500

11.250%, 11/1/17 PIK

      775,920      527,626

Exelon Corp.

      

5.625%, 6/15/35

      80,000      74,291

FirstEnergy Corp.

      

Series C

      

7.375%, 11/15/31

      60,000      62,093

Florida Power & Light Co.

      

5.850%, 5/1/37

      30,000      30,338

Georgia Power Co.

      

6.000%, 11/1/13

      60,000      67,501

5.950%, 2/1/39

      40,000      41,248

MidAmerican Energy Holdings Co.

      

5.875%, 10/1/12

      76,000      82,964

5.750%, 4/1/18

      70,000      73,973

6.125%, 4/1/36

      55,000      55,414

Northern States Power Co.

      

5.250%, 3/1/18

      25,000      26,178

Series B

      

8.000%, 8/28/12

      90,000      102,992

Ohio Power Co.

      

6.000%, 6/1/16

      65,000      71,245

Series G

      

6.600%, 2/15/33

      125,000      133,168

Oncor Electric Delivery Co. LLC

      

6.375%, 5/1/12

      79,000      85,428

6.375%, 1/15/15

      65,000      71,913

 

See Notes to Portfolio of Investments.

252

EQ ADVISORS TRUST

EQ/FRANKLIN CORE BALANCED PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Principal
Amount		    Value
(Note 1)

Pacific Gas & Electric Co.

      

4.800%, 3/1/14

    $ 75,000 $      80,478

5.800%, 3/1/37

      65,000      64,497

Progress Energy, Inc.

      

7.750%, 3/1/31

      35,000      41,273

PSEG Power LLC

      

5.500%, 12/1/15

      75,000      80,991

Public Service Co. of New Mexico

      

7.950%, 5/15/18

      1,500,000      1,564,936

Southern California Edison Co.

      

6.000%, 1/15/34

      45,000      46,939

Texas Competitive Electric Holdings Co. LLC

      

10.500%, 11/1/16 PIK

      594,140      406,986

Series A

      

10.250%, 11/1/15(e)

      7,000,000      4,865,000

Series B

      

10.250%, 11/1/15

      6,150,000      4,274,250

Term Loan

      

3.729%, 10/10/14(l)

      7,208,440      5,907,914

Virginia Electric & Power Co.

      

Series A

      

5.950%, 9/15/17

      100,000      109,193
         
        23,110,709
         

Gas Utilities (0.0%)

      

Atmos Energy Corp.

      

8.500%, 3/15/19

      70,000      85,881

Sempra Energy

      

6.000%, 10/15/39

      70,000      68,698
         
        154,579
         

Independent Power Producers & Energy Traders (0.5%)

      

Dynegy Holdings, Inc.

      

7.500%, 6/1/15

      2,000,000      1,660,000

7.750%, 6/1/19

      3,500,000      2,642,500

RRI Energy, Inc.

      

7.875%, 6/15/17

      1,800,000      1,615,500

Tennessee Valley Authority

      

5.250%, 9/15/39

      100,000      98,888
         
        6,016,888
         

Multi-Utilities (0.2%)

      

CMS Energy Corp.

      

8.750%, 6/15/19

      1,000,000      1,129,090

Dominion Resources, Inc.

      

8.875%, 1/15/19

      113,000      142,559

Series A

      

5.000%, 12/1/14

      81,000      86,315

Series B

      

5.950%, 6/15/35

      30,000      30,322

DTE Energy Co.

      

6.350%, 6/1/16

      60,000      64,866

Dynegy-Roseton/Danskammer Trust

      

Series B

      

7.670%, 11/8/16

      750,000      729,375
         
        2,182,527
         

Total Utilities

         31,464,703
         

Total Corporate Bonds

         316,614,278
         

Government Securities (11.6%)

      

Foreign Governments (0.3%)

      

Canadian Government Bond

      

2.375%, 9/10/14

    $ 285,000      284,462

European Investment Bank

      

4.625%, 10/20/15

    $ 340,000    $ 365,661

Federative Republic of Brazil

      

8.000%, 1/15/18

      474,667      553,224

5.875%, 1/15/19

      155,000      166,625

Province of British Columbia

      

4.300%, 5/30/13

      15,000      15,987

Province of Nova Scotia

      

5.125%, 1/26/17

      50,000      54,848

Province of Ontario

      

4.100%, 6/16/14

      240,000      256,390

4.500%, 2/3/15

      96,000      102,822

4.750%, 1/19/16

      47,000      50,535

Province of Quebec

      

4.600%, 5/26/15

      47,000      50,416

7.500%, 9/15/29

      82,000      106,728

Republic of Italy

      

4.375%, 6/15/13

      78,000      82,460

4.500%, 1/21/15

      129,000      135,394

4.750%, 1/25/16

      49,000      51,375

6.875%, 9/27/23

      29,000      33,259

5.375%, 6/15/33

      122,000      120,999

Republic of Peru

      

7.125%, 3/30/19

      85,000      98,472

Republic of Poland

      

5.000%, 10/19/15

      33,000      34,823

Republic of South Africa

      

6.500%, 6/2/14

      31,000      34,139

United Mexican States

      

6.375%, 1/16/13

      106,000      117,660

6.750%, 9/27/34

      194,000      213,400
         
        2,929,679
         

Municipal Bonds (0.2%)

      

Metropolitan Transportation Authority

      

7.336%, 11/15/39

      30,000      34,020

New Jersey State Turnpike Authority

      

7.414%, 1/1/40

      117,000      136,239

Port Authority of New York & New Jersey

      

6.040%, 12/1/29

      70,000      71,630

State of California

      

7.950%, 3/1/36

      2,000,000      2,048,660

7.550%, 4/1/39

      275,000      284,314

State of Illinois

      

5.100%, 6/1/33

      105,000      86,081
         
        2,660,944
         

Supranational (0.2%)

      

Asian Development Bank

      

2.625%, 2/9/15

      360,000      358,613

Eksportfinans A/S

      

5.500%, 5/25/16

      60,000      66,085

European Investment Bank

      

3.000%, 4/8/14

      130,000      132,967

4.625%, 5/15/14

      123,000      133,197

Inter-American Development Bank

      

5.125%, 9/13/16

      75,000      82,836

International Bank for Reconstruction

      

& Development

      

7.625%, 1/19/23

      137,000      180,663

Svensk Exportkredit AB

      

4.875%, 9/29/11

      800,000      843,937
         
        1,798,298
         

U.S. Government Agencies (6.5%)

      

Federal Farm Credit Bank

      

4.875%, 1/17/17

      180,000      195,042

 

See Notes to Portfolio of Investments.

253

EQ ADVISORS TRUST

EQ/FRANKLIN CORE BALANCED PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Principal
Amount		    Value
(Note 1)

Federal Home Loan Bank

      

4.000%, 9/6/13

    $ 400,000    $ 426,163

3.625%, 10/18/13

      685,000      723,470

5.250%, 6/5/17

      595,000      655,505

Federal Home Loan Mortgage Corp.

      

3.875%, 6/29/11

      616,000      640,048

5.125%, 7/15/12

      841,000      912,170

4.875%, 11/15/13

      1,044,000      1,145,705

5.500%, 11/1/18

      70,381      75,913

5.500%, 5/1/20

      51,667      55,687

5.500%, 12/1/21

      130,046      139,921

5.500%, 3/1/22

      143,915      154,663

6.750%, 9/15/29

      78,000      93,330

6.250%, 7/15/32

      189,000      218,757

6.000%, 12/1/33

      356,854      388,134

5.681%, 11/1/36(l)

      1,429,356      1,516,540

5.989%, 4/1/37(l)

      953,286      1,011,674

Federal National Mortgage Association

      

5.125%, 4/15/11

      665,000      696,732

5.375%, 11/15/11

      490,000      524,789

1.750%, 8/10/12

      1,000,000      1,006,683

4.625%, 10/15/14

      251,000      272,605

5.000%, 4/15/15

      233,000      256,750

5.375%, 6/12/17

      1,796,000      1,988,743

5.000%, 2/1/18

      282,586      301,374

5.000%, 11/1/18

      500,572      533,696

5.000%, 12/1/18

      819,545      873,903

5.000%, 10/1/19

      280,319      298,736

5.500%, 3/1/20

      93,597      100,807

4.500%, 9/1/20

      1,254,854      1,321,469

5.000%, 3/1/21

      59,778      63,575

6.000%, 9/1/21

      166,014      180,041

5.000%, 2/1/24

      122,847      129,729

4.000%, 6/1/24

      1,037,199      1,053,851

6.250%, 5/15/29

      164,000      185,291

5.500%, 7/1/33

      2,377,504      2,519,411

5.000%, 11/1/33

      2,555,793      2,651,735

5.000%, 6/1/35

      1,358,960      1,408,700

4.500%, 10/1/35

      782,187      790,833

5.500%, 1/1/36

      1,898,753      2,003,481

5.500%, 11/1/36

      1,496,069      1,577,184

5.500%, 2/1/37

      3,054,427      3,216,216

5.000%, 5/1/37

      384,432      396,701

5.000%, 7/1/37

      103,150      106,442

6.000%, 9/1/37

      3,895,307      4,128,569

6.000%, 12/1/37

      88,882      94,204

6.000%, 5/1/38

      235,226      249,312

6.000%, 8/1/38

      299,860      317,816

6.500%, 9/1/38

      1,596,518      1,721,932

6.000%, 10/1/38

      2,074,978      2,199,233

6.000%, 11/1/38

      82,927      87,945

4.500%, 6/1/39

      1,261,529      1,265,619

4.000%, 7/1/39

      639,410      620,802

4.500%, 7/1/39

      6,136,582      6,157,547

4.000%, 8/1/39

      1,573,710      1,528,894

4.500%, 8/1/39

      880,439      883,293

5.000%, 8/1/39

      964,569      996,107

4.000%, 9/1/39

      493,018      478,671

6.000%, 9/1/39

      881,598      934,391

4.500%, 12/1/39

      1,092,283      1,095,825

4.500%, 4/1/40

      400,000      401,297

4.000%, 4/25/25 TBA

      700,000      710,008

4.500%, 4/25/25 TBA

      1,200,000      1,244,156

5.000%, 4/25/40 TBA

      5,100,000      5,259,773

5.500%, 4/25/40 TBA

      700,000      737,571

6.500%, 4/25/40 TBA

    $ 900,000    $ 975,375

4.500%, 5/25/40 TBA

      3,500,000      3,493,848

5.000%, 5/25/40 TBA

      1,500,000      1,540,722

6.000%, 5/25/40 TBA

      800,000      852,906

Government National Mortgage Association

      

5.000%, 9/15/39

      1,074,471      1,118,457

5.500%, 4/15/40 TBA

      2,800,000      2,960,344
         
        74,866,816
         

U.S. Treasuries (4.4%)

      

U.S. Treasury Bonds

      

8.750%, 5/15/17

      501,000      677,133

8.125%, 8/15/19

      304,000      408,785

8.500%, 2/15/20

      342,000      473,029

8.000%, 11/15/21

      545,000      742,562

6.250%, 8/15/23

      905,000      1,087,556

6.375%, 8/15/27

      958,000      1,176,993

5.375%, 2/15/31

      282,000      311,962

4.500%, 2/15/36

      300,000      293,016

5.000%, 5/15/37

      44,000      46,331

4.375%, 2/15/38

      337,000      320,466

4.500%, 5/15/38

      875,000      848,886

4.250%, 5/15/39

      90,000      83,391

4.500%, 8/15/39

      200,000      193,125

4.375%, 11/15/39

      715,000      676,122

4.625%, 2/15/40

      1,655,000      1,631,209

U.S. Treasury Notes

      

0.875%, 2/28/11

      633,000      635,597

1.000%, 8/31/11

      1,630,000      1,637,513

4.500%, 9/30/11

      1,703,000      1,798,661

0.875%, 2/29/12

      6,800,000      6,785,924

4.625%, 2/29/12

      2,780,000      2,973,950

1.375%, 5/15/12

      1,300,000      1,308,024

4.750%, 5/31/12

      749,000      807,340

1.875%, 6/15/12

      910,000      924,858

4.250%, 9/30/12

      522,000      560,049

3.875%, 10/31/12

      727,000      773,801

1.125%, 12/15/12

      1,000,000      991,328

1.375%, 2/15/13

      4,925,000      4,901,912

1.500%, 12/31/13

      1,396,000      1,370,261

2.375%, 8/31/14

      49,000      49,115

2.125%, 11/30/14

      1,000,000      986,875

4.000%, 2/15/15

      284,000      304,058

2.375%, 2/28/15

      2,280,000      2,264,336

4.125%, 5/15/15

      312,000      335,546

3.250%, 6/30/16

      685,000      692,706

4.875%, 8/15/16

      372,000      412,252

3.000%, 2/28/17

      240,000      236,231

4.500%, 5/15/17

      1,227,000      1,324,777

4.250%, 11/15/17

      1,355,000      1,433,335

4.000%, 8/15/18

      903,000      930,160

3.625%, 8/15/19

      440,000      434,637

3.375%, 11/15/19

      2,265,000      2,185,548

3.625%, 2/15/20

      4,825,000      4,742,825
         
        50,772,185
         

Total Government Securities

         133,027,922
         

Total Long-Term Debt Securities (40.3%)
(Cost $447,634,889)

         463,888,735
         

 

See Notes to Portfolio of Investments.

254

EQ ADVISORS TRUST

EQ/FRANKLIN CORE BALANCED PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

CONVERTIBLE PREFERRED STOCKS:

      

Consumer Discretionary (0.1%)

      

Automobiles (0.1%)

      

Motors Liquidation Co.

      

6.250%*

    200,000    $ 1,716,000
         

Total Consumer Discretionary

         1,716,000
         

Financials (2.1%)

      

Commercial Banks (0.6%)

      

Wells Fargo & Co.

      

7.500%

    7,000      6,839,000
         

Diversified Financial Services (1.2%)

      

Bank of America Corp.

      

7.250%

    8,210      8,025,275

Citigroup, Inc.

      

7.500%

    50,000      6,094,000
         
        14,119,275
         

Real Estate Investment Trusts (REITs) (0.2%)

      

FelCor Lodging Trust, Inc.

      

1.950%*

    130,000      2,311,556
         

Thrifts & Mortgage Finance (0.1%)

      

Fannie Mae

      

5.375%*

    80      240,000

8.750%*

    189,400      303,040
         
        543,040
         

Total Financials

         23,812,871
         

Total Convertible Preferred Stocks (2.2%)
(Cost $38,898,040)

         25,528,871
         

PREFERRED STOCKS:

      

Financials (0.4%)

      

Commercial Banks (0.3%)

      

GMAC, Inc.

      

7.000%§

    4,046      3,084,064
         

Thrifts & Mortgage Finance (0.1%)

      

Fannie Mae

      

0.000%(l)*

    149,600      189,992

6.750%*

    200,000      186,000

7.625%*

    306,800      337,480

Freddie Mac

      

0.000%(l)*

    288,100      365,887
         
        1,079,359
         

Total Financials

         4,163,423
         

Health Care (0.1%)

      

Health Care Providers & Services (0.1%)

      

Tenet Healthcare Corp.

      

7.000%

    1,500      1,561,875
         

Total Health Care

         1,561,875
         

Utilities (0.1%)

      

Electric Utilities (0.1%)

      

FPL Group, Inc.

      

8.375%

    20,000      1,016,000
         

Total Utilities

         1,016,000
         

Total Preferred Stocks (0.6%)
(Cost $27,375,379)

         6,741,298
         

COMMON STOCKS:

      

Consumer Discretionary (5.3%)

      

Auto Components (0.1%)

      

Goodyear Tire & Rubber Co.*

    8,600    $ 108,704

Johnson Controls, Inc.

    24,000      791,760
         
        900,464
         

Automobiles (0.1%)

      

Ford Motor Co.*

    120,200      1,510,914

Harley-Davidson, Inc.

    8,300      232,981
         
        1,743,895
         

Distributors (0.0%)

      

Genuine Parts Co.

    6,000      253,440
         

Diversified Consumer Services (0.1%)

      

Apollo Group, Inc., Class A*

    4,500      275,805

DeVry, Inc.

    2,200      143,440

H&R Block, Inc.

    12,000      213,600
         
        632,845
         

Hotels, Restaurants & Leisure (0.5%)

      

Carnival Corp.

    15,500      602,640

Darden Restaurants, Inc.

    4,800      213,792

International Game Technology

    10,600      195,570

Marriott International, Inc.,

      

Class A

    8,737      275,390

McDonald’s Corp.

    38,300      2,555,376

Starbucks Corp.*

    26,500      643,155

Starwood Hotels & Resorts

      

Worldwide, Inc.

    6,600      307,824

Wyndham Worldwide Corp.

    6,900      177,537

Wynn Resorts Ltd.

    2,400      181,992

Yum! Brands, Inc.

    16,700      640,111
         
        5,793,387
         

Household Durables (0.1%)

      

D.R. Horton, Inc.

    9,300      117,180

Fortune Brands, Inc.

    5,400      261,954

Harman International

      

Industries, Inc.*

    2,700      126,306

Leggett & Platt, Inc.

    5,300      114,692

Lennar Corp., Class A

    5,300      91,213

Newell Rubbermaid, Inc.

    9,900      150,480

Pulte Group, Inc.*

    11,290      127,013

Stanley Black & Decker, Inc.

    5,915      339,580

Whirlpool Corp.

    2,600      226,850
         
        1,555,268
         

Internet & Catalog Retail (0.2%)

      

Amazon.com, Inc.*

    12,210      1,657,264

Expedia, Inc.

    7,300      182,208

priceline.com, Inc.*

    1,600      408,000
         
        2,247,472
         

Leisure Equipment & Products (0.0%)

      

Eastman Kodak Co.*

    10,300      59,637

Hasbro, Inc.

    4,400      168,432

Mattel, Inc.

    12,600      286,524
         
        514,593
         

Media (2.8%)

      

CBS Corp., Class B

    24,200      337,348

Charter Communications, Inc.,

      

Class A*

    187,113      6,455,399

Comcast Corp., Class A

    300,388      5,653,302

Dex One Corp.*

    365,741      10,211,489

DIRECTV, Class A*

    33,400      1,129,254

Discovery Communications, Inc., Class A*

    10,200      344,658

Gannett Co., Inc.

    8,500      140,420

 

See Notes to Portfolio of Investments.

255

EQ ADVISORS TRUST

EQ/FRANKLIN CORE BALANCED PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Interpublic Group of Cos., Inc.*

    17,300    $ 143,936

McGraw-Hill Cos., Inc.

    11,300      402,845

Meredith Corp.

    1,600      55,056

New York Times Co., Class A*

    4,500      50,085

News Corp., Class A

    80,400      1,158,564

Omnicom Group, Inc.

    11,100      430,791

Scripps Networks Interactive, Inc., Class A

    3,500      155,225

SuperMedia, Inc.*

    5,475      223,927

Time Warner Cable, Inc.

    12,500      666,375

Time Warner, Inc.

    41,000      1,282,070

Viacom, Inc., Class B*

    21,700      746,046

Walt Disney Co.

    69,200      2,415,772

Washington Post Co., Class B

    246      109,268
         
        32,111,830
         

Multiline Retail (0.5%)

      

Big Lots, Inc.*

    2,900      105,618

Family Dollar Stores, Inc.

    4,900      179,389

J.C. Penney Co., Inc.

    8,300      267,011

Kohl’s Corp.*

    11,000      602,580

Macy’s, Inc.

    15,000      326,550

Nordstrom, Inc.

    5,900      241,015

Sears Holdings Corp.*

    1,700      184,331

Target Corp.

    71,800      3,776,680
         
        5,683,174
         

Specialty Retail (0.7%)

      

Abercrombie & Fitch Co., Class A

    2,900      132,356

AutoNation, Inc.*

    3,700      66,896

AutoZone, Inc.*

    1,100      190,399

Bed Bath & Beyond, Inc.*

    9,300      406,968

Best Buy Co., Inc.

    12,300      523,242

GameStop Corp., Class A*

    5,900      129,269

Gap, Inc.

    16,900      390,559

Home Depot, Inc.

    60,700      1,963,645

Limited Brands, Inc.

    9,300      228,966

Lowe’s Cos., Inc.

    52,500      1,272,600

Office Depot, Inc.*

    11,300      90,174

O’Reilly Automotive, Inc.*

    4,900      204,379

RadioShack Corp.

    4,100      92,783

Ross Stores, Inc.

    4,300      229,921

Sherwin-Williams Co.

    3,300      223,344

Staples, Inc.

    26,000      608,140

Tiffany & Co.

    4,500      213,705

TJX Cos., Inc.

    15,000      637,800

Urban Outfitters, Inc.*

    4,700      178,741
         
        7,783,887
         

Textiles, Apparel & Luxury Goods (0.2%)

      

Coach, Inc.

    11,200      442,624

NIKE, Inc., Class B

    13,900      1,021,650

Polo Ralph Lauren Corp.

    2,000      170,080

VF Corp.

    3,100      248,465
         
        1,882,819
         

Total Consumer Discretionary

         61,103,074
         

Consumer Staples (4.1%)

      

Beverages (1.2%)

      

Brown-Forman Corp., Class B

    4,100      243,745

Coca-Cola Co.

    82,300      4,526,500

Coca-Cola Enterprises, Inc.

    11,400      315,324

Constellation Brands, Inc.,

      

Class A*

    7,900      129,876

Diageo plc

    150,000      2,517,533

Dr. Pepper Snapple Group, Inc.

    9,100      320,047

Molson Coors Brewing Co., Class B

    5,700      239,742

PepsiCo, Inc.

    88,621    $ 5,863,165
         
        14,155,932
         

Food & Staples Retailing (0.9%)

      

Costco Wholesale Corp.

    15,700      937,447

CVS Caremark Corp.

    49,600      1,813,376

Kroger Co.

    23,200      502,512

Safeway, Inc.

    13,900      345,554

SUPERVALU, Inc.

    7,600      126,768

Sysco Corp.

    21,100      622,450

Walgreen Co.

    35,100      1,301,859

Wal-Mart Stores, Inc.

    76,100      4,231,160

Whole Foods Market, Inc.*

    5,900      213,285
         
        10,094,411
         

Food Products (0.6%)

      

Archer-Daniels-Midland Co.

    22,900      661,810

Campbell Soup Co.

    6,800      240,380

ConAgra Foods, Inc.

    15,700      393,599

Dean Foods Co.*

    6,500      101,985

General Mills, Inc.

    11,700      828,243

H.J. Heinz Co.

    11,300      515,393

Hershey Co.

    5,900      252,579

Hormel Foods Corp.

    2,400      100,824

J.M. Smucker Co.

    4,200      253,092

Kellogg Co.

    9,100      486,213

Kraft Foods, Inc., Class A

    62,000      1,874,880

McCormick & Co., Inc.(Non- Voting)

    5,200      199,472

Mead Johnson Nutrition Co., Class A

    7,200      374,616

Sara Lee Corp.

    24,900      346,857

Tyson Foods, Inc., Class A

    10,900      208,735
         
        6,838,678
         

Household Products (0.8%)

      

Clorox Co.

    5,000      320,700

Colgate-Palmolive Co.

    17,600      1,500,576

Kimberly-Clark Corp.

    14,800      930,624

Procter & Gamble Co.

    103,600      6,554,772
         
        9,306,672
         

Personal Products (0.1%)

      

Avon Products, Inc.

    15,300      518,211

Estee Lauder Cos., Inc., Class A

    4,100      265,967
         
        784,178
         

Tobacco (0.5%)

      

Altria Group, Inc.

    74,200      1,522,584

Lorillard, Inc.

    5,500      413,820

Philip Morris International, Inc.

    67,100      3,499,936

Reynolds American, Inc.

    6,000      323,880
         
        5,760,220
         

Total Consumer Staples

         46,940,091
         

Energy (6.2%)

      

Energy Equipment & Services (0.6%)

      

Baker Hughes, Inc.

    11,400      533,976

BJ Services Co.

    11,100      237,540

Cameron International Corp.*

    8,700      372,882

Diamond Offshore Drilling, Inc.

    2,400      213,144

FMC Technologies, Inc.*

    4,400      284,372

Halliburton Co.

    32,300      973,199

Helmerich & Payne, Inc.

    3,800      144,704

Nabors Industries Ltd.*

    9,900      194,337

National Oilwell Varco, Inc.

    14,900      604,642

Rowan Cos., Inc.*

    3,800      110,618

Schlumberger Ltd.

    43,000      2,728,780

 

See Notes to Portfolio of Investments.

256

EQ ADVISORS TRUST

EQ/FRANKLIN CORE BALANCED PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Smith International, Inc.

    9,200    $ 393,944
         
        6,792,138
         

Oil, Gas & Consumable Fuels (5.6%)

      

Anadarko Petroleum Corp.

    17,600      1,281,808

Apache Corp.

    12,000      1,218,000

Cabot Oil & Gas Corp.

    3,700      136,160

Callon Petroleum Co.*

    150,000      804,000

Canadian Oil Sands Trust

    250,000      7,495,200

Chesapeake Energy Corp.

    23,200      548,448

Chevron Corp.

    71,700      5,437,011

ConocoPhillips

    203,100      10,392,627

Consol Energy, Inc.

    7,100      302,886

Denbury Resources, Inc.*

    14,100      237,867

Devon Energy Corp.

    15,900      1,024,437

El Paso Corp.

    25,000      271,000

EOG Resources, Inc.

    9,000      836,460

Exxon Mobil Corp.

    343,700      23,021,026

Hess Corp.

    10,400      650,520

Marathon Oil Corp.

    25,300      800,492

Massey Energy Co.

    2,900      151,641

Murphy Oil Corp.

    6,900      387,711

Noble Energy, Inc.

    6,100      445,300

Occidental Petroleum Corp.

    28,900      2,443,206

Peabody Energy Corp.

    9,600      438,720

Pioneer Natural Resources Co.

    4,100      230,912

Range Resources Corp.

    5,500      257,785

Southwestern Energy Co.*

    12,400      504,928

Spectra Energy Corp.

    148,100      3,336,693

Sunoco, Inc.

    4,200      124,782

Tesoro Corp.

    4,300      59,770

Valero Energy Corp.

    20,100      395,970

Williams Cos., Inc.

    20,800      480,480

XTO Energy, Inc.

    21,200      1,000,216
         
        64,716,056
         

Total Energy

         71,508,194
         

Financials (9.8%)

      

Capital Markets (1.9%)

      

Ameriprise Financial, Inc.

    9,200      417,312

Bank of New York Mellon Corp.

    43,100      1,330,928

Charles Schwab Corp.

    34,300      641,067

Credit Suisse USA, Inc. (ADR)*

    125,000      2,066,250

Deutsche Bank AG (ADR)*§

    75,000      1,883,850

E*TRADE Financial Corp.*

    64,000      105,600

Federated Investors, Inc., Class B

    3,200      84,416

Franklin Resources, Inc.

    5,300      587,770

Goldman Sachs Group, Inc.

    18,770      3,202,725

Goldman Sachs Group, Inc.*§

    180,000      7,958,910

Invesco Ltd.

    15,300      335,223

Janus Capital Group, Inc.

    7,000      100,030

Legg Mason, Inc.

    5,800      166,286

Morgan Stanley

    49,800      1,458,642

Northern Trust Corp.

    8,600      475,236

State Street Corp.

    17,700      798,978

T. Rowe Price Group, Inc.

    9,200      505,356
         
        22,118,579
         

Commercial Banks (2.4%)

      

Barclays Bank plc (ADR)*§

    250,000      2,892,750

Barclays plc

    300,000      1,640,266

BB&T Corp.

    24,600      796,794

Comerica, Inc.

    6,200      235,848

Fifth Third Bancorp

    28,400      385,956

First Horizon National Corp.*

    8,681      121,969

HSBC Holdings plc

    500,000      5,068,450

Huntington Bancshares, Inc./Ohio

    25,500    $ 136,935

KeyCorp

    31,300      242,575

M&T Bank Corp.

    2,900      230,202

Marshall & Ilsley Corp.

    18,800      151,340

PNC Financial Services Group, Inc.

    18,500      1,104,450

Regions Financial Corp.

    42,400      332,840

SunTrust Banks, Inc.

    17,800      476,862

U.S. Bancorp

    68,300      1,767,604

Wells Fargo & Co.

    384,200      11,956,304

Zions Bancorp

    4,900      106,918
         
        27,648,063
         

Consumer Finance (0.7%)

      

American Express Co.

    42,700      1,761,802

Capital One Financial Corp.

    128,200      5,308,762

Discover Financial Services

    19,400      289,060

SLM Corp.*

    18,200      227,864
         
        7,587,488
         

Diversified Financial Services (3.0%)

      

Bank of America Corp.

    857,900      15,313,515

Citigroup, Inc.*

    1,201,000      4,864,050

CME Group, Inc.

    2,379      752,026

IntercontinentalExchange, Inc.*

    2,600      291,668

JPMorgan Chase & Co.

    291,800      13,058,050

Leucadia National Corp.*

    7,300      181,113

Moody’s Corp.

    7,000      208,250

NASDAQ OMX Group, Inc.*

    5,600      118,272

NYSE Euronext

    9,300      275,373
         
        35,062,317
         

Insurance (1.3%)

      

Aflac, Inc.

    16,700      906,643

Allstate Corp.

    19,100      617,121

American International Group, Inc.*

    4,575      156,190

Aon Corp.

    9,500      405,745

Assurant, Inc.

    4,100      140,958

Berkshire Hathaway, Inc., Class B* .

    59,004      4,795,255

Chubb Corp.

    11,700      606,645

Cincinnati Financial Corp.

    5,900      170,510

Genworth Financial, Inc., Class A* .

    17,500      320,950

Hartford Financial Services Group, Inc.

    13,700      389,354

Lincoln National Corp.

    10,800      331,560

Loews Corp.

    12,600      469,728

Marsh & McLennan Cos., Inc.

    18,900      461,538

MetLife, Inc.

    29,200      1,265,528

Principal Financial Group, Inc.

    11,400      332,994

Progressive Corp.

    24,000      458,160

Prudential Financial, Inc.

    16,600      1,004,300

Torchmark Corp.

    2,900      155,179

Travelers Cos., Inc.

    18,300      987,102

Unum Group

    11,900      294,763

XL Capital Ltd., Class A

    12,200      230,580
         
        14,500,803
         

Real Estate Investment Trusts (REITs) (0.5%)

      

Apartment Investment & Management Co. (REIT), Class A

    4,900      90,209

AvalonBay Communities, Inc. (REIT)

    2,700      233,145

Boston Properties, Inc. (REIT)

    4,900      369,656

Equity Residential (REIT)

    9,700      379,755

HCP, Inc. (REIT)

    10,300      339,900

Health Care REIT, Inc. (REIT)

    4,100      185,443

Host Hotels & Resorts, Inc. (REIT)

    23,266      340,847

 

See Notes to Portfolio of Investments.

257

EQ ADVISORS TRUST

EQ/FRANKLIN CORE BALANCED PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

iStar Financial, Inc. (REIT)*

    156,800    $ 719,712

Kimco Realty Corp. (REIT)

    14,500      226,780

Plum Creek Timber Co., Inc. (REIT)

    5,800      225,678

ProLogis (REIT)

    16,900      223,080

Public Storage (REIT)

    4,900      450,751

Simon Property Group, Inc. (REIT)

    10,230      858,297

Ventas, Inc. (REIT)

    5,600      265,888

Vornado Realty Trust (REIT)

    5,556      420,589
         
        5,329,730
         

Real Estate Management & Development (0.0%)

      

CB Richard Ellis Group, Inc., Class A*

    9,900      156,915
         

Thrifts & Mortgage Finance (0.0%)

      

Hudson City Bancorp, Inc.

    16,100      227,976

People's United Financial, Inc.

    13,300      208,012
         
        435,988
         

Total Financials

         112,839,883
         

Health Care (5.5%)

      

Biotechnology (0.5%)

      

Amgen, Inc.*

    35,000      2,091,600

Biogen Idec, Inc.*

    9,600      550,656

Celgene Corp.*

    16,400      1,016,144

Cephalon, Inc.*

    2,600      176,228

Genzyme Corp.*

    9,500      492,385

Gilead Sciences, Inc.*

    32,200      1,464,456
         
        5,791,469
         

Health Care Equipment & Supplies (0.6%)

      

Baxter International, Inc.

    21,500      1,251,300

Becton, Dickinson and Co.

    8,400      661,332

Boston Scientific Corp.*

    53,900      389,158

C.R. Bard, Inc.

    3,400      294,508

CareFusion Corp.*

    6,850      181,045

DENTSPLY International, Inc.

    5,200      181,220

Hospira, Inc.*

    5,900      334,235

Intuitive Surgical, Inc.*

    1,389      483,553

Medtronic, Inc.

    39,400      1,774,182

St. Jude Medical, Inc.*

    11,600      476,180

Stryker Corp.

    10,100      577,922

Varian Medical Systems, Inc.*

    4,400      243,452

Zimmer Holdings, Inc.*

    7,600      449,920
         
        7,298,007
         

Health Care Providers & Services (0.7%)

      

Aetna, Inc.

    15,400      540,694

AmerisourceBergen Corp.

    10,100      292,092

Cardinal Health, Inc.

    12,900      464,787

CIGNA Corp.

    9,700      354,826

Coventry Health Care, Inc.*

    5,800      143,376

DaVita, Inc.*

    3,700      234,580

Express Scripts, Inc.*

    9,800      997,248

Humana, Inc.*

    6,000      280,620

Laboratory Corp. of America Holdings*

    3,800      287,698

McKesson Corp.

    9,600      630,912

Medco Health Solutions, Inc.*

    16,600      1,071,696

Patterson Cos., Inc.

    3,300      102,465

Quest Diagnostics, Inc.

    5,400      314,766

Tenet Healthcare Corp.*

    17,100      97,812

UnitedHealth Group, Inc.

    41,300      1,349,271

WellPoint, Inc.*

    17,300    $ 1,113,774
         
        8,276,617
         

Life Sciences Tools & Services (0.2%)

      

Life Technologies Corp.*

    6,300      329,301

Millipore Corp.*

    2,100      221,760

PerkinElmer, Inc.

    4,500      107,550

Thermo Fisher Scientific, Inc.*

    14,600      751,024

Waters Corp.*

    3,300      222,882
         
        1,632,517
         

Pharmaceuticals (3.5%)

      

Abbott Laboratories, Inc.

    100,200      5,278,536

Allergan, Inc.

    11,000      718,520

Bristol-Myers Squibb Co.

    61,100      1,631,370

Eli Lilly and Co.

    36,200      1,311,164

Forest Laboratories, Inc.*

    10,800      338,688

Johnson & Johnson

    178,200      11,618,640

King Pharmaceuticals, Inc.*

    8,900      104,664

Merck & Co., Inc.

    371,168      13,863,125

Mylan, Inc.*

    10,700      242,997

Pfizer, Inc.

    287,909      4,937,639

Watson Pharmaceuticals, Inc.*

    3,800      158,726
         
        40,204,069
         

Total Health Care

         63,202,679
         

Industrials (3.4%)

      

Aerospace & Defense (1.0%)

      

Boeing Co.

    27,100      1,967,731

General Dynamics Corp.

    13,700      1,057,640

Goodrich Corp.

    4,300      303,236

Honeywell International, Inc.

    27,300      1,235,871

ITT Corp.

    6,500      348,465

L-3 Communications Holdings, Inc.

    4,100      375,683

Lockheed Martin Corp.

    11,300      940,386

Northrop Grumman Corp.

    10,800      708,156

Precision Castparts Corp.

    5,000      633,550

Raytheon Co.

    13,500      771,120

Rockwell Collins, Inc.

    5,600      350,504

United Technologies Corp.

    33,400      2,458,574
         
        11,150,916
         

Air Freight & Logistics (0.3%)

      

C.H. Robinson Worldwide, Inc.

    5,900      329,515

Expeditors International of Washington, Inc.

    7,300      269,516

FedEx Corp.

    11,200      1,046,080

United Parcel Service, Inc., Class B

    35,400      2,280,114
         
        3,925,225
         

Airlines (0.0%)

      

Southwest Airlines Co.

    26,300      347,686
         

Building Products (0.0%)

      

Masco Corp.

    12,800      198,656
         

Commercial Services & Supplies (0.2%)

      

Avery Dennison Corp.

    4,000      145,640

Cintas Corp.

    4,700      132,023

Iron Mountain, Inc.

    7,000      191,800

Pitney Bowes, Inc.

    7,400      180,930

R.R. Donnelley & Sons Co.

    7,300      155,855

Republic Services, Inc.

    11,500      333,730

Stericycle, Inc.*

    3,400      185,300

Waste Management, Inc.

    17,300      595,639
         
        1,920,917
         

Construction & Engineering (0.1%)

      

Fluor Corp.

    6,300      293,013

Jacobs Engineering Group, Inc.*

    4,500      203,355

 

See Notes to Portfolio of Investments.

258

EQ ADVISORS TRUST

EQ/FRANKLIN CORE BALANCED PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Quanta Services, Inc.*

    7,500    $ 143,700
         
        640,068
         

Electrical Equipment (0.2%)

      

Emerson Electric Co.

    26,800      1,349,112

First Solar, Inc.*

    1,600      196,240

Rockwell Automation, Inc.

    5,100      287,436

Roper Industries, Inc.

    3,400      196,656
         
        2,029,444
         

Industrial Conglomerates (0.8%)

      

3M Co.

    25,400      2,122,678

General Electric Co.

    380,600      6,926,920

Textron, Inc.

    9,700      205,931
         
        9,255,529
         

Machinery (0.6%)

      

Caterpillar, Inc.

    22,300      1,401,555

Cummins, Inc.

    7,100      439,845

Danaher Corp.

    9,300      743,163

Deere & Co.

    15,100      897,846

Dover Corp.

    6,500      303,875

Eaton Corp.

    5,900      447,043

Flowserve Corp.

    2,000      220,540

Illinois Tool Works, Inc.

    13,800      653,568

PACCAR, Inc.

    13,000      563,420

Pall Corp.

    4,200      170,058

Parker Hannifin Corp.

    5,700      369,018

Snap-On, Inc.

    2,400      104,016
         
        6,313,947
         

Professional Services (0.0%)

      

Dun & Bradstreet Corp.

    1,800      133,956

Equifax, Inc.

    4,900      175,420

Robert Half International, Inc.

    5,300      161,279
         
        470,655
         

Road & Rail (0.2%)

      

CSX Corp.

    13,900      707,510

Norfolk Southern Corp.

    13,200      737,748

Ryder System, Inc.

    2,200      85,272

Union Pacific Corp.

    18,000      1,319,400
         
        2,849,930
         

Trading Companies & Distributors (0.0%)

      

Fastenal Co.

    4,700      225,553

W.W. Grainger, Inc.

    2,200      237,864
         
        463,417
         

Total Industrials

         39,566,390
         

Information Technology (6.8%)

      

Communications Equipment (0.8%)

      

Cisco Systems, Inc.*

    204,300      5,317,929

Harris Corp.

    4,700      223,203

JDS Uniphase Corp.*

    8,000      100,240

Juniper Networks, Inc.*

    18,800      576,784

Motorola, Inc.*

    82,600      579,852

QUALCOMM, Inc.

    59,900      2,515,201

Tellabs, Inc.

    13,700      103,709
         
        9,416,918
         

Computers & Peripherals (1.9%)

      

Apple, Inc.*

    32,300      7,588,239

Dell, Inc.*

    61,400      921,614

EMC Corp.*

    73,200      1,320,528

Hewlett-Packard Co.

    84,000      4,464,600

International Business Machines Corp.

    46,300      5,937,975

Lexmark International, Inc., Class A*

    2,600      93,808

NetApp, Inc.*

    12,200    $ 397,232

QLogic Corp.*

    4,000      81,200

SanDisk Corp.*

    8,100      280,503

Teradata Corp.*

    6,200      179,118

Western Digital Corp.*

    8,100      315,819
         
        21,580,636
         

Electronic Equipment, Instruments & Components (0.2%)

      

Agilent Technologies, Inc.*

    12,400      426,436

Amphenol Corp., Class A

    6,200      261,578

Corning, Inc.

    55,600      1,123,676

FLIR Systems, Inc.*

    5,500      155,100

Jabil Circuit, Inc.

    6,900      111,711

Molex, Inc.

    5,200      108,472
         
        2,186,973
         

Internet Software & Services (0.6%)

      

Akamai Technologies, Inc.*

    6,100      191,601

eBay, Inc.*

    40,400      1,088,780

Google, Inc., Class A*

    8,620      4,887,626

Monster Worldwide, Inc.*

    4,500      74,745

VeriSign, Inc.*

    6,600      171,666

Yahoo!, Inc.*

    42,500      702,525
         
        7,116,943
         

IT Services (0.5%)

      

Automatic Data Processing, Inc.

    18,000      800,460

Cognizant Technology Solutions Corp., Class A*

    10,600      540,388

Computer Sciences Corp.*

    5,500      299,695

Fidelity National Information Services, Inc.

    11,800      276,592

Fiserv, Inc.*

    5,400      274,104

Mastercard, Inc., Class A

    3,444      874,776

Paychex, Inc.

    11,400      349,980

SAIC, Inc.*

    10,900      192,930

Total System Services, Inc.

    7,600      119,016

Visa, Inc., Class A

    15,900      1,447,377

Western Union Co.

    24,300      412,128
         
        5,587,446
         

Office Electronics (0.2%)

      

Xerox Corp.

    248,200      2,419,950
         

Semiconductors & Semiconductor Equipment (1.3%)

      

Advanced Micro Devices, Inc.*

    20,100      186,327

Altera Corp.

    10,300      250,393

Analog Devices, Inc.

    10,200      293,964

Applied Materials, Inc.

    47,800      644,344

Broadcom Corp., Class A

    15,400      510,972

Intel Corp.

    347,100      7,726,446

KLA-Tencor Corp.

    5,900      182,428

Linear Technology Corp.

    7,500      212,100

LSI Corp.*

    23,400      143,208

MEMC Electronic Materials, Inc.* .

    8,100      124,173

Microchip Technology, Inc.

    6,600      185,856

Micron Technology, Inc.*

    30,400      315,856

National Semiconductor Corp.

    8,400      121,380

Novellus Systems, Inc.*

    3,400      85,000

NVIDIA Corp.*

    19,800      344,124

Teradyne, Inc.*

    6,300      70,371

Texas Instruments, Inc.

    44,300      1,084,021

Xilinx, Inc.

    69,500      1,772,250
         
        14,253,213
         

Software (1.3%)

      

Adobe Systems, Inc.*

    18,700      661,419

Autodesk, Inc.*

    8,100      238,302

BMC Software, Inc.*

    6,500      247,000

 

See Notes to Portfolio of Investments.

259

EQ ADVISORS TRUST

EQ/FRANKLIN CORE BALANCED PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

CA, Inc.

    14,100    $ 330,927

Citrix Systems, Inc.*

    6,400      303,808

Compuware Corp.*

    9,700      81,480

Electronic Arts, Inc.*

    11,300      210,858

Intuit, Inc.*

    11,200      384,608

McAfee, Inc.*

    5,700      228,741

Microsoft Corp.

    272,200      7,967,294

Novell, Inc.*

    14,100      84,459

Oracle Corp.

    139,500      3,583,755

Red Hat, Inc.*

    6,800      199,036

Salesforce.com, Inc.*

    3,800      282,910

Symantec Corp.*

    28,700      485,604
         
        15,290,201
         

Total Information Technology

         77,852,280
         

Materials (1.7%)

      

Chemicals (0.6%)

      

Air Products & Chemicals, Inc.

    7,600      562,020

Airgas, Inc.

    2,800      178,136

CF Industries Holdings, Inc.

    1,800      164,124

Dow Chemical Co.

    41,000      1,212,370

E.I. du Pont de Nemours & Co.

    32,200      1,199,128

Eastman Chemical Co.

    2,600      165,568

Ecolab, Inc.

    8,400      369,180

FMC Corp.

    2,600      157,404

International Flavors & Fragrances, Inc.

    2,700      128,709

Monsanto Co.

    19,500      1,392,690

PPG Industries, Inc.

    5,900      385,860

Praxair, Inc.

    10,900      904,700

Sigma-Aldrich Corp.

    4,300      230,738
         
        7,050,627
         

Construction Materials (0.0%)

      

Vulcan Materials Co.

    4,500      212,580
         

Containers & Packaging (0.1%)

      

Ball Corp.

    3,400      181,492

Bemis Co., Inc.

    4,400      126,368

Owens-Illinois, Inc.*

    6,000      213,240

Pactiv Corp.*

    4,300      108,274

Sealed Air Corp.

    6,400      134,912
         
        764,286
         

Metals & Mining (0.9%)

      

AK Steel Holding Corp.

    3,600      82,296

Alcoa, Inc.

    35,700      508,368

Allegheny Technologies, Inc.

    3,500      188,965

Barrick Gold Corp.

    50,000      1,917,000

Cliffs Natural Resources, Inc.

    4,700      333,465

Freeport-McMoRan Copper & Gold, Inc.

    15,400      1,286,516

Newmont Mining Corp.

    97,500      4,965,675

Nucor Corp.

    31,300      1,420,394

Titanium Metals Corp.*

    3,300      54,747

United States Steel Corp.

    5,100      323,952
         
        11,081,378
         

Paper & Forest Products (0.1%)

      

International Paper Co.

    15,500      381,455

MeadWestvaco Corp.

    6,100      155,855

Weyerhaeuser Co.

    7,500      339,525
         
        876,835
         

Total Materials

         19,985,706
         

Telecommunication Services (2.1%)

      

Diversified Telecommunication Services (1.6%)

      

AT&T, Inc.

    435,600      11,255,904

CenturyTel, Inc.

    10,409    $ 369,103

Frontier Communications Corp.

    11,200      83,328

Qwest Communications International, Inc.

    51,800      270,396

Verizon Communications, Inc.

    201,100      6,238,122

Windstream Corp.

    15,700      170,973
         
        18,387,826
         

Wireless Telecommunication Services (0.5%)

      

American Tower Corp., Class A*

    14,400      613,584

MetroPCS Communications, Inc.*

    10,300      72,924

Sprint Nextel Corp.*

    106,300      403,940

Vodafone Group plc

    2,000,000      4,613,200
         
        5,703,648
         

Total Telecommunication Services

         24,091,474
         

Utilities (6.6%)

      

Electric Utilities (3.0%)

      

Allegheny Energy, Inc.

    7,000      161,000

American Electric Power Co., Inc.

    137,000      4,682,660

Duke Energy Corp.

    421,700      6,882,144

Edison International

    11,600      396,372

Entergy Corp.

    6,800      553,180

Exelon Corp.

    23,500      1,029,535

FirstEnergy Corp.

    46,400      1,813,776

FPL Group, Inc.

    129,700      6,268,401

Northeast Utilities

    6,200      171,368

Pepco Holdings, Inc.

    8,000      137,200

Pinnacle West Capital Corp.

    3,700      139,601

PPL Corp.

    13,500      374,085

Progress Energy, Inc.

    80,200      3,156,672

Southern Co.

    279,000      9,251,640
         
        35,017,634
         

Gas Utilities (0.2%)

      

AGL Resources, Inc.

    40,000      1,546,000

EQT Corp.

    4,700      192,700

Nicor, Inc.

    1,800      75,456

ONEOK, Inc.

    4,100      187,165

Questar Corp.

    6,200      267,840
         
        2,269,161
         

Independent Power Producers & Energy Traders (0.1%)

      

AES Corp.*

    23,900      262,900

Constellation Energy Group, Inc.

    7,100      249,281

NRG Energy, Inc.*

    4,816      100,655
         
        612,836
         

Multi-Utilities (3.3%)

      

Ameren Corp.

    168,400      4,391,872

CenterPoint Energy, Inc.

    14,000      201,040

CMS Energy Corp.

    8,200      126,772

Consolidated Edison, Inc.

    10,100      449,854

Dominion Resources, Inc.

    141,400      5,812,954

DTE Energy Co.

    40,900      1,824,140

Integrys Energy Group, Inc.

    3,200      151,616

NiSource, Inc.

    10,600      167,480

PG&E Corp.

    163,300      6,927,186

Public Service Enterprise Group, Inc.

    183,000      5,402,160

SCANA Corp.

    4,500      169,155

Sempra Energy

    88,700      4,426,130

TECO Energy, Inc.

    158,600      2,520,154

Wisconsin Energy Corp.

    4,200      207,522

 

See Notes to Portfolio of Investments.

260

EQ ADVISORS TRUST

EQ/FRANKLIN CORE BALANCED PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		     Value
(Note 1)		  

Xcel Energy, Inc.

      216,300      $ 4,585,560   
          
       37,363,595   
          

Water Utilities (0.0%)

     

American Water Works Co., Inc.

      21,000        456,960   
          

Total Utilities

        75,720,186   
          

Total Common Stocks (51.5%)
(Cost $541,487,575)

        592,809,957   
          
     Number of
Warrants		     Value
(Note 1)		  

WARRANT:

     

Consumer Discretionary (0.1%)

     

Media (0.1%)

     

Charter Communications, Inc.,expiring 11/30/14*
(Cost $19,529,652)

      53,070        278,617   
          
     Principal
Amount		     Value
(Note 1)		  

SHORT-TERM INVESTMENT:

     

Time Deposit (5.7%)

     

JPMorgan Chase Nassau

     

0.000%, 4/1/10

     

(Amortized Cost $66,019,005)

    $ 66,019,005      $ 66,019,005   
          

Total Investments Before Securities Sold Short (100.4%)
(Cost/Amortized Cost $1,140,944,540)

        1,155,266,483   
          

SECURITIES SOLD SHORT:

     

U.S. Government Agency (-0.3%)

     

Federal National Mortgage Association

     

4.500%, 4/25/40 TBA

    $ (3,500,000 )    $ (3,507,658 ) 
          

Total Securities Sold Short (-0.3%)
(Proceeds Received $3,505,469)

        (3,507,658 ) 
          

Total Investments after Securities Sold Short (100.1%)
(Cost/Amortized Cost $1,137,439,071)

        1,151,758,825   

Other Assets Less Liabilities (-0.1%)

        (1,155,926 ) 
          

Net Assets (100%)

      $ 1,150,602,899   
          

 

* Non-income producing.

 

§ Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may only be resold to qualified institutional buyers. At March 31, 2010, the market value of these securities amounted to $76,672,637 or 6.7% of net assets. Securities denoted with “§” but without “b” have been determined to be liquid under the guidelines established by the Board of Trustees. To the extent any securities might provide a right to demand registration, such rights have not been relied upon when determining liquidity.

 

(e) Step Bond - Coupon rate increases in increments to maturity. Rate disclosed is as of March 31, 2010. Maturity date disclosed is the ultimate maturity date.

 

(h) Security in default.

 

(l) Floating Rate Security. Rate disclosed is as of March 31, 2010.

Glossary:

ADR — American Depositary Receipt

CMO — Collateralized Mortgage Obligation

EUR — European Currency Unit

GBP — British Pound

PIK — Payment-in Kind Security

TBA — Security is subject to delayed delivery.

 

See Notes to Portfolio of Investments.

261

EQ ADVISORS TRUST

EQ/FRANKLIN CORE BALANCED PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

At March 31, 2010, the Portfolio had the following futures contracts open: (Note 1)

 

     Number of
Contracts		    Expiration
Date		    Original
Value		    Value at
3/31/2010		    Unrealized
Appreciation/
(Depreciation)		  

Purchase

               

S&P 500 E-Mini Index

    371    June-10    $ 21,627,129    $ 21,614,460    $ (12,669 ) 
                    

The following is a summary of the inputs used to value the Portfolio’s assets and liabilities carried at fair value as of March 31, 2010:

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, money market securities are valued using amortized cost, in accordance with rules under the Investment Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active market, such securities are reflected as Level 2.

Various inputs are used in determining the value of the Portfolio’s investments. These inputs are summarized in the three broad levels listed below:

 

Investment Type

    Level 1
Quoted prices in active
markets for identical
securities		    Level 2
Significant other
observable inputs
(including quoted prices
for similar securities,
interest rates,
prepayment speeds,
credit risk, etc.)		    Level 3
Significant unobservable
inputs (including the
Portfolio’s own
assumptions in
determining the fair
value of investments)		    Total

Assets:

            

Asset-Backed and Mortgage-Backed Securities

            

Asset-Backed Securities

    $ —      $ 902,545    $  —      $ 902,545

Non-Agency CMO

      —        6,344,119      —        6,344,119

Common Stocks

            

Consumer Discretionary

      61,103,074      —        —        61,103,074

Consumer Staples

      44,422,558      2,517,533      —        46,940,091

Energy

      71,508,194      —        —        71,508,194

Financials

      94,222,157      18,617,726      —        112,839,883

Health Care

      63,202,679      —        —        63,202,679

Industrials

      39,566,390      —        —        39,566,390

Information Technology

      77,852,280      —        —        77,852,280

Materials

      19,985,706      —        —        19,985,706

Telecommunication Services

      19,478,274      4,613,200      —        24,091,474

Utilities

      75,720,186      —        —        75,720,186

Convertible Bonds

            

Financials

      —        5,703,750      —        5,703,750

Information Technology

      —        1,296,121      —        1,296,121

Convertible Preferred Stocks

            

Consumer Discretionary

      1,716,000      —        —        1,716,000

Financials

      13,236,040      10,576,831      —        23,812,871

Corporate Bonds

            

Consumer Discretionary

      —        39,793,168      —        39,793,168

Consumer Staples

      —        7,275,539      —        7,275,539

Energy

      —        55,263,751      —        55,263,751

Financials

      —        92,195,651      —        92,195,651

Health Care

      —        32,701,009      —        32,701,009

Industrials

      —        25,505,164      —        25,505,164

Information Technology

      —        19,154,315      —        19,154,315

Materials

      —        9,111,916      —        9,111,916

Telecommunication Services

      —        4,149,062      —        4,149,062

Utilities

      —        31,464,703      —        31,464,703

Government Securities

            

Foreign Governments

      —        2,929,679      —        2,929,679

Municipal Bonds

      —        2,660,944      —        2,660,944

Supranational

      —        1,798,298      —        1,798,298

U.S. Government Agencies

      —        74,866,816      —        74,866,816

 

See Notes to Portfolio of Investments.

262

EQ ADVISORS TRUST

EQ/FRANKLIN CORE BALANCED PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

Investment Type

    Level 1
Quoted prices in active
markets for identical
securities		     Level 2
Significant other
observable inputs
(including quoted prices
for similar securities,
interest rates,
prepayment speeds,
credit risk, etc.)		     Level 3
Significant unobservable
inputs (including the
Portfolio’s own
assumptions in
determining the fair
value of investments)		    Total  

U.S. Treasuries

    $ —        $ 50,772,185      $  —      $ 50,772,185   

Preferred Stocks

          

Financials

      4,163,423        —          —        4,163,423   

Health Care

      1,561,875        —          —        1,561,875   

Utilities

      1,016,000        —          —        1,016,000   

Short-Term Investments

      —          66,019,005        —        66,019,005   

Warrants

          

Consumer Discretionary

      278,617        —          —        278,617   
                               

Total Assets

    $ 589,033,453      $ 566,233,030      $ —      $ 1,155,266,483   
                               

Liabilities:

          

Futures

    $ (12,669 )    $ —        $ —      $ (12,669 ) 

Government Securities

          

U.S. Government Agencies

      —          (3,507,658 )      —        (3,507,658 ) 
                               

Total Liabilities

    $ (12,669 )    $ (3,507,658 )    $ —      $ (3,520,327 ) 
                               

Total

    $ 589,020,784      $ 562,725,372      $ —      $ 1,151,746,156   
                               

Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:

 

     Investments in Securities-
Consumer Discretionary		  

Balance as of 12/31/09

    $ 4,940,926   

Total gains or losses (realized/unrealized) included in earnings

      (2,331,282 ) 

Purchases, sales, issuances, and settlements (net)

      (2,609,644 ) 

Transfers into Level 3

      —     

Transfers out of Level 3

      —     
        

Balance as of 3/31/10

    $ —     
        

The amount of total gains or losses for the year included in earnings attributable to the change in unrealized gains or losses relating to assets and liabilities still held at period ending 3/31/10.

    $ —     
        

Investment security transactions for the three months ended March 31, 2010 were as follows:

 

Cost of Purchases:

   

Stocks, long-term corporate debt securities and short positions

    $ 128,478,349

Long-term U.S. Treasury securities

      28,045,821
      
   $ 156,524,170
      

 

Net Proceeds of Sales and Redemptions:

   

Stocks, long-term corporate debt securities and short positions

    $ 151,395,983

Long-term U.S. Treasury securities

      18,525,312
      
   $ 169,921,295
      

As of March 31, 2010, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investments for Federal income tax purposes was as follows:

 

Aggregate gross unrealized appreciation

    $ 126,033,242   

Aggregate gross unrealized depreciation

      (112,540,462 ) 
        

Net unrealized appreciation

    $ 13,492,780   
        

Federal income tax cost of investments

    $ 1,141,773,703   
        

The Portfolio has a net capital loss carryforward of $265,333,115 of which $85,491,338 expires in the year 2016 and $179,841,777 expires in the year 2017.

 

See Notes to Portfolio of Investments.

263

EQ ADVISORS TRUST

EQ/GAMCO MERGERS AND ACQUISITIONS PORTFOLIO

PORTFOLIO OF INVESTMENTS

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

COMMON STOCKS:

      

Consumer Discretionary (5.4%)

      

Diversified Consumer Services (1.6%)

      

Brink’s Home Security Holdings, Inc.*

    70,000    $ 2,978,500

Corinthian Colleges, Inc.*

    8,500      149,515

Keystone North America, Inc.

    1,000      7,907
         
        3,135,922
         

Hotels, Restaurants & Leisure (0.5%)

      

Boyd Gaming Corp.*

    45,000      444,600

Churchill Downs, Inc.

    3,000      112,500

CKE Restaurants, Inc.

    5,000      55,350

Dover Motorsports, Inc.

    35,000      72,100

Ladbrokes plc

    45,000      108,577

Landry’s Restaurants, Inc.*

    1,000      17,920

MGM MIRAGE*

    12,000      144,000
         
        955,047
         

Household Durables (0.4%)

      

Fortune Brands, Inc.

    3,000      145,530

Harman International Industries, Inc.*

    8,000      374,240

Nobility Homes, Inc.*

    2,400      23,496

Skyline Corp.

    11,000      204,600
         
        747,866
         

Media (2.5%)

      

Acme Communications, Inc.*

    20,000      12,000

Ascent Media Corp., Class A*

    5,000      136,250

Beasley Broadcasting Group, Inc., Class A*

    20,000      83,000

Cablevision Systems Corp. - New York Group, Class A

    35,000      844,900

Clear Channel Outdoor Holdings, Inc., Class A*

    145,400      1,542,694

Crown Media Holdings, Inc., Class A*

    13,000      24,960

DIRECTV, Class A*

    2,000      67,620

Fisher Communications, Inc.*

    32,000      451,200

Liberty Media Corp., Capital Series, Class A*

    10,000      363,700

LIN TV Corp., Class A*

    35,000      201,250

Media General, Inc., Class A*

    58,000      480,820

RCN Corp.*

    35,000      527,800

Salem Communications Corp., Class A*

    18,000      64,440
         
        4,800,634
         

Multiline Retail (0.2%)

      

Macy’s, Inc.

    16,000      348,320
         

Specialty Retail (0.2%)

      

Midas, Inc.*

    31,000      349,680

Sally Beauty Holdings, Inc.*

    10,000      89,200
         
        438,880
         

Textiles, Apparel & Luxury Goods (0.0%)

      

Heelys, Inc.*

    34,000      80,920
         

Total Consumer Discretionary

         10,507,589
         

Consumer Staples (3.2%)

      

Beverages (0.3%)

      

Coca-Cola Enterprises, Inc.

    15,000      414,900

Fomento Economico Mexicano S.A.B. de C.V. (ADR)

    4,000      190,120
         
        605,020
         

Food & Staples Retailing (0.8%)

      

Diedrich Coffee, Inc.*

    45,200      1,572,960
         

Food Products (2.0%)

      

Flowers Foods, Inc.

    500    $ 12,370

Hershey Co.

    12,000      513,720

Kraft Foods, Inc., Class A

    42,964      1,299,231

Reddy Ice Holdings, Inc.*

    1,000      4,620

Sara Lee Corp.

    74,000      1,030,820

Tootsie Roll Industries, Inc.

    36,050      974,432
         
        3,835,193
         

Personal Products (0.1%)

      

Alberto-Culver Co.

    3,500      91,525
         

Total Consumer Staples

         6,104,698
         

Energy (3.7%)

      

Energy Equipment & Services (0.3%)

      

Rowan Cos., Inc.*

    13,000      378,430

RPC, Inc.

    18,000      200,340

Smith International, Inc.

    1,000      42,820
         
        621,590
         

Oil, Gas & Consumable Fuels (3.4%)

      

Anadarko Petroleum Corp.

    8,000      582,640

CNX Gas Corp.*

    121,300      4,615,465

Denbury Resources, Inc.*

    1,208      20,379

Dragon Oil plc*

    160,000      1,175,152

WesternZagros Resources Ltd.*

    40,000      31,901
         
        6,425,537
         

Total Energy

         7,047,127
         

Financials (2.6%)

      

Capital Markets (0.5%)

      

BKF Capital Group, Inc.*

    12,000      11,040

Deutsche Bank AG (Registered)

    3,000      230,610

Riskmetrics Group, Inc.*

    10,000      226,100

SWS Group, Inc.

    38,000      438,140
         
        905,890
         

Consumer Finance (0.6%)

      

American Express Co.

    8,000      330,080

SLM Corp.*

    64,000      801,280
         
        1,131,360
         

Insurance (1.2%)

      

CNA Surety Corp.*

    50,000      889,500

Marsh & McLennan Cos., Inc.

    20,000      488,400

Zenith National Insurance Corp.

    25,000      958,000
         
        2,335,900
         

Thrifts & Mortgage Finance (0.3%)

      

Flushing Financial Corp.

    4,000      50,640

NewAlliance Bancshares, Inc.

    40,000      504,800
         
        555,440
         

Total Financials

         4,928,590
         

Health Care (11.5%)

      

Biotechnology (2.0%)

      

Biogen Idec, Inc.*

    8,500      487,560

Facet Biotech Corp.*

    120,000      3,238,800

OSI Pharmaceuticals, Inc.*

    500      29,775
         
        3,756,135
         

Health Care Equipment & Supplies (1.8%)

      

Alcon, Inc.

    13,000      2,100,280

ArthroCare Corp.*

    42,000      1,248,240

Exactech, Inc.*

    10,000      209,700
         
        3,558,220
         

 

See Notes to Portfolio of Investments.

264

EQ ADVISORS TRUST

EQ/GAMCO MERGERS AND ACQUISITIONS PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

 

     Number of
Shares		    Value
(Note 1)

Health Care Providers & Services (0.1%)

      

Chemed Corp.

    5,000    $ 271,900
         

Health Care Technology (1.3%)

      

AMICAS, Inc.*

    400,000      2,408,000
         

Life Sciences Tools & Services (6.3%)

      

Millipore Corp.*

    61,000      6,441,600

Varian, Inc.*

    110,000      5,695,800
         
        12,137,400
         

Pharmaceuticals (0.0%)

      

Allergan, Inc.

    1,500      97,980
         

Total Health Care

         22,229,635
         

Industrials (5.3%)

      

Aerospace & Defense (0.6%)

      

Herley Industries, Inc.*

    76,000      1,114,160

ITT Corp.

    2,000      107,220
         
        1,221,380
         

Air Freight & Logistics (0.1%)

      

Park-Ohio Holdings Corp.*

    10,000      87,900
         

Building Products (0.3%)

      

Griffon Corp.*

    45,000      560,700
         

Commercial Services & Supplies (1.0%)

      

Bowne & Co., Inc.

    170,000      1,897,200
         

Electrical Equipment (0.2%)

      

SL Industries, Inc.*

    44,000      398,200
         

Machinery (2.3%)

      

Baldwin Technology Co., Inc., Class A*

    20,000      24,000

CIRCOR International, Inc.

    5,000      166,050

K-Tron International, Inc.*

    19,100      2,864,427

Navistar International Corp.*

    24,000      1,073,520

Tennant Co.

    14,000      383,460
         
        4,511,457
         

Professional Services (0.0%)

      

COMSYS IT Partners, Inc.*

    3,000      52,440
         

Trading Companies & Distributors (0.2%)

      

Kaman Corp.

    12,000      300,120
         

Transportation Infrastructure (0.6%)

      

Smit Internationale N.V

    15,000      1,215,585
         

Total Industrials

         10,244,982
         

Information Technology (10.7%)

      

Communications Equipment (5.2%)

      

3Com Corp.*

    700,000      5,383,000

Emulex Corp.*

    24,900      330,672

Tandberg ASA

    150,000      4,277,998
         
        9,991,670
         

Computers & Peripherals (0.8%)

      

Diebold, Inc.

    33,000      1,048,080

SanDisk Corp.*

    14,000      484,820
         
        1,532,900
         

Electronic Equipment, Instruments & Components (0.7%)

      

Bell Microproducts, Inc.*

    160,000      1,116,800

Park Electrochemical Corp.

    7,000      201,180

Zygo Corp.*

    15,000    $ 138,450
         
        1,456,430
         

Internet Software & Services (1.4%)

      

SkillSoft plc (ADR)*

    80,000      825,600

Yahoo!, Inc.*

    110,000      1,818,300
         
        2,643,900
         

Office Electronics (0.8%)

      

OCE N.V.*

    140,000      1,599,143
         

Semiconductors & Semiconductor Equipment (0.2%)

      

International Rectifier Corp.*

    6,000      137,400

Techwell, Inc.*

    7,000      130,900

White Electronic Designs Corp.*

    5,000      35,000
         
        303,300
         

Software (1.6%)

      

Chordiant Software, Inc.*

    206,500      1,046,955

Mentor Graphics Corp.*

    10,000      80,200

Novell, Inc.*

    20,000      119,800

PLATO Learning, Inc.*

    100,000      556,000

Take-Two Interactive Software, Inc.*

    122,000      1,201,700
         
        3,004,655
         

Total Information Technology

         20,531,998
         

Materials (0.8%)

      

Chemicals (0.4%)

      

Airgas, Inc.

    1,500      95,430

Ferro Corp.*

    32,000      281,280

ICO, Inc.

    30,000      242,400

Terra Industries, Inc.

    1,500      68,640
         
        687,750
         

Containers & Packaging (0.3%)

      

Bway Holding Co.*

    5,000      100,500

Greif, Inc., Class A

    1,000      54,920

Myers Industries, Inc.

    42,000      440,160
         
        595,580
         

Metals & Mining (0.1%)

      

Camino Minerals Corp.*†

    4,000      630

Corriente Resources, Inc., Class A*

    4,000      32,240

Delta plc

    70,000      202,093

Gold Fields Ltd. (ADR)

    3,000      37,860
         
        272,823
         

Total Materials

         1,556,153
         

Telecommunication Services (4.0%)

      

Diversified Telecommunication Services (1.4%)

      

Asia Satellite Telecommunications Holdings Ltd.

    65,000      94,600

BCE, Inc.

    69,000      2,025,150

Cincinnati Bell, Inc.*

    170,000      579,700
         
        2,699,450
         

Wireless Telecommunication Services (2.6%)

      

Millicom International Cellular S.A

    18,000      1,604,700

Sprint Nextel Corp.*

    290,000      1,102,000

Telephone & Data Systems, Inc.

    25,000      846,250

U.S. Cellular Corp.*

    37,000      1,531,060
         
        5,084,010
         

Total Telecommunication Services

         7,783,460
         

Utilities (1.6%)

      

Electric Utilities (0.6%)

      

Allegheny Energy, Inc.

    20,000      460,000

PNM Resources, Inc.

    40,000      501,200

Westar Energy, Inc.

    12,000      267,600
         
        1,228,800
         

 

See Notes to Portfolio of Investments.

265

EQ ADVISORS TRUST

EQ/GAMCO MERGERS AND ACQUISITIONS PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Independent Power Producers & Energy Traders (0.6%)

      

Constellation Energy Group, Inc.

    25,000    $ 877,750

NRG Energy, Inc.*

    15,000      313,500
         
        1,191,250
         

Multi-Utilities (0.3%)

      

GDF Suez*

    3,801      5

NorthWestern Corp.

    18,000      482,580
         
        482,585
         

Water Utilities (0.1%)

      

Southwest Water Co.

    10,000      104,400
         

Total Utilities

         3,007,035
         

Total Common Stocks (48.8%)
(Cost $90,102,376)

         93,941,267
         

 

     Number of
Rights		    Value
(Note 1)

RIGHTS:

      

Health Care (0.0%)

      

Pharmaceuticals (0.0%)

      

Fresenius Kabi Pharmaceuticals Holding, Inc., expiring 6/30/11*
(Cost $—)

    6,000    900
       

 

     Principal
Amount		    Value
(Note 1)		  

SHORT-TERM INVESTMENTS:

      

Government Securities (46.8%)

      

U.S. Treasury Bills

      

0.08%, 4/8/10 (p)

    $ 20,000,000      19,999,649   

0.08%, 4/22/10 (p)

      10,000,000      9,999,528   

0.12%, 5/27/10 (p)

      20,000,000      19,996,262   

0.13%, 6/24/10 (p)

      40,000,000      39,987,400   
           

Total Government Securities

         89,982,839   
           

Time Deposit (6.7%)

      

JPMorgan Chase Nassau

      

0.000%, 4/1/10

      12,910,143      12,910,143   
           

Total Short-Term Investments (53.5%)
(Cost/Amortized Cost $102,893,168)

         102,892,982   
           

Total Investments (102.3%)
(Cost/Amortized Cost $192,995,544)

         196,835,149   

Other Assets Less Liabilities (-2.3%)

         (4,435,157 ) 
           

Net Assets (100%)

       $ 192,399,992   
           

 

* Non-income producing.

 

† Securities (totaling $630 or 0.0% of net assets) at fair value by management.

 

(p) Yield to maturity.

Glossary:

ADR — American Depositary Receipt

 

See Notes to Portfolio of Investments.

266

EQ ADVISORS TRUST

EQ/GAMCO MERGERS AND ACQUISITIONS PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

At March 31, 2010, the Portfolio had outstanding foreign currency contracts to buy/sell foreign currencies as follows: (Note 1)

 

     Local
Contract Buy
Amount
(000's)		    U.S. $
Current
Buy
Value		    U.S. $
Current
Sell
Value		    Unrealized
Appreciation/
(Depreciation)

Foreign Currency Buy Contract

            

British Pound vs. U.S. Dollar, expiring 4/1/10

    83    $ 126,190    $ 124,676    $ 1,514
               

 

     Local
Contract Sell
Amount
(000's)		    U.S. $
Current
Buy
Value		    U.S. $
Current
Sell
Value		    Unrealized
Appreciation/
(Depreciation)		  

Foreign Currency Sell Contract

            

British Pound vs. U.S. Dollar, expiring 4/1/10

    8    $ 11,696    $ 11,869    $ (173 ) 
                 
            $ 1,341   
                 

The following is a summary of the inputs used to value the Portfolio's assets and liabilities carried at fair value as of March 31, 2010:

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, money market securities are valued using amortized cost, in accordance with rules under the Investment Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active market, such securities are reflected as Level 2.

Various inputs are used in determining the value of the Portfolio's investments. These inputs are summarized in the three broad levels listed below:

 

Investment Type

    Level 1
Quoted prices in active
markets for identical
securities		    Level 2
Significant other
observable inputs
(including quoted prices
for similar securities,
interest rates,
prepayment speeds,
credit risk, etc.)		     Level 3
Significant unobservable
inputs (including the
Portfolio's own
assumptions in
determining the fair
value of investments)		    Total  

Assets:

           

Common Stocks

           

Consumer Discretionary

    $ 10,399,012    $ 108,577      $ –    $ 10,507,589   

Consumer Staples

      6,104,698      –        –      6,104,698   

Energy

      5,871,975      1,175,152        –      7,047,127   

Financials

      4,917,550      11,040        –      4,928,590   

Health Care

      22,229,635      –        –      22,229,635   

Industrials

      9,029,397      1,215,585        –      10,244,982   

Information Technology

      14,654,857      5,877,141        –      20,531,998   

Materials

      1,353,430      202,093        630      1,556,153   

Telecommunication Services

      7,688,860      94,600        –      7,783,460   

Utilities

      3,007,030      5        –      3,007,035   

Forward Currency Contracts

      –      1,514        –      1,514   

Rights

           

Health Care

      900      –        –      900   

Short-Term Investments

      –      102,892,982        –      102,892,982   
                              

Total Assets

    $ 85,257,344    $ 111,578,689      $ 630    $ 196,836,663   
                              

Liabilities:

           

Forward Currency Contracts

    $ –    $ (173 )    $ –    $ (173 ) 
                              

Total Liabilities

    $ –    $ (173 )    $ –    $ (173 ) 
                              

Total

    $ 85,257,344    $ 111,578,516      $ 630    $ 196,836,490   
                              

 

See Notes to Portfolio of Investments.

267

EQ ADVISORS TRUST

EQ/GAMCO MERGERS AND ACQUISITIONS PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:

 

     Investments in
Securities-Financials

Balance as of 12/31/09

    $ —  

Total gains or losses (realized/unrealized) included in earnings

      35

Purchases, sales, issuances, and settlements (net)

      595

Transfers into Level 3

      —  

Transfers out of Level 3

      —  
      

Balance as of 3/31/10

    $ 630
      

The amount of total gains or losses for the year included in earnings attributable to the change in unrealized gains or losses relating to assets and liabilities still held at period ending 3/31/10.

    $ 35

Investment security transactions for the three months ended March 31, 2010 were as follows:

 

Cost of Purchases:

   

Stocks and long-term corporate debt securities

    $ 49,655,682

Net Proceeds of Sales and Redemptions:

   

Stocks and long-term corporate debt securities

    $ 50,791,677

As of March 31, 2010, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investments for Federal income tax purposes was as follows:

 

Aggregate gross unrealized appreciation

    $ 7,844,260   

Aggregate gross unrealized depreciation

      (7,945,295 ) 
        

Net unrealized depreciation

    $ (101,035 ) 
        

Federal income tax cost of investments

    $ 196,936,184   
        

The Portfolio has a net capital loss carryforward of $4,090,924 which expires in the year 2017.

 

See Notes to Portfolio of Investments.

268

EQ ADVISORS TRUST

EQ/GAMCO SMALL COMPANY VALUE PORTFOLIO

PORTFOLIO OF INVESTMENTS

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

COMMON STOCKS:

      

Consumer Discretionary (20.7%)

      

Auto Components (3.5%)

      

BorgWarner, Inc.*

    200,000    $ 7,636,000

Dana Holding Corp.*

    500,000      5,940,000

Federal Mogul Corp.*

    66,000      1,211,760

Hawk Corp., Class A*

    137,000      2,671,500

Modine Manufacturing Co.*

    555,000      6,238,200

SORL Auto Parts, Inc.*^

    13,500      124,740

Spartan Motors, Inc

    290,000      1,624,000

Standard Motor Products, Inc

    715,000      7,092,800

Stoneridge, Inc.*

    300,000      2,967,000

Strattec Security Corp.*

    119,500      2,428,240

Superior Industries International, Inc.

    310,000      4,984,800

Tenneco, Inc.*

    540,000      12,771,000
         
        55,690,040
         

Automobiles (0.0%)

      

Thor Industries, Inc

    4,000      120,840

Winnebago Industries, Inc.*^

    10,000      146,100
         
        266,940
         

Diversified Consumer Services (1.2%)

      

Brink’s Home Security Holdings, Inc.*

    180,000      7,659,000

Cambium Learning Group, Inc.*

    285,000      1,140,000

Corinthian Colleges, Inc.*^

    200,000      3,518,000

Matthews International Corp., Class A

    15,000      532,500

Stewart Enterprises, Inc., Class A

    200,000      1,250,000

Universal Technical Institute, Inc.*

    195,000      4,449,900
         
        18,549,400
         

Hotels, Restaurants & Leisure (4.2%)

      

Boyd Gaming Corp.*^

    250,000      2,470,000

Canterbury Park Holding Corp.*

    188,045      1,363,326

Churchill Downs, Inc

    214,000      8,025,000

Denny’s Corp.*

    112,500      432,000

Dover Downs Gaming & Entertainment, Inc

    90,000      356,400

Dover Motorsports, Inc

    445,000      916,700

Gaylord Entertainment Co.*

    405,000      11,862,450

International Speedway Corp., Class A

    24,000      618,480

Lakes Entertainment, Inc.*

    95,000      218,500

Las Vegas Sands Corp.*

    300,000      6,345,000

Marcus Corp

    157,000      2,039,430

Morgans Hotel Group Co.*^

    65,000      416,650

Nathan’s Famous, Inc.*

    109,000      1,688,410

Orient-Express Hotels Ltd., Class A*

    314,000      4,452,520

Penn National Gaming, Inc.*

    110,000      3,058,000

Pinnacle Entertainment, Inc.*

    600,000      5,844,000

Sonesta International Hotels Corp., Class A‡

    342,000      4,842,720

Steak n Shake Co.*

    29,907      11,402,642

Wendy’s/Arby’s Group, Inc., Class A

    110,000      550,000

Western Sizzlin Corp.*

    14,100      126,618

Youbet.com, Inc.*

    120,000      352,800
         
        67,381,646
         

Household Durables (0.9%)

      

Cavco Industries, Inc.*

    104,000      3,550,560

Coachmen Industries, Inc.*

    473,519      653,456

Harman International Industries, Inc.*

    140,000      6,549,200

Nobility Homes, Inc.*

    58,000      567,820

Palm Harbor Homes, Inc.*^

    15,000      30,150

Skyline Corp.

    146,000      2,715,600
         
        14,066,786
         

Internet & Catalog Retail (0.1%)

      

1-800-FLOWERS.COM, Inc., Class A*

    370,000    $ 928,700

NutriSystem, Inc.^

    35,000      623,350
         
        1,552,050
         

Leisure Equipment & Products (0.3%)

      

Eastman Kodak Co.*

    300,000      1,737,000

Marine Products Corp.*^

    255,000      1,530,000

Universal Entertainment Corp.

    125,000      1,818,377
         
        5,085,377
         

Media (4.6%)

      

Acme Communications, Inc.*

    200,000      120,000

ante4, Inc.*

    45,503      53,694

Ascent Media Corp., Class A*

    105,077      2,863,348

Beasley Broadcasting Group, Inc., Class A*‡

    380,000      1,577,000

Belo Corp., Class A

    210,000      1,432,200

Cablevision Systems Corp. - New York Group, Class A

    315,000      7,604,100

Carmike Cinemas, Inc.*

    140,000      1,941,800

Clear Channel Outdoor Holdings, Inc., Class A*

    170,000      1,803,700

Crown Media Holdings, Inc., Class A*^

    122,000      234,240

Cumulus Media, Inc., Class A*

    5      17

Discovery Communications, Inc., Class A*

    27,000      912,330

Discovery Communications, Inc., Class C*

    12,500      367,625

Emmis Communications Corp., Class A*

    120,000      136,800

EW Scripps Co., Class A*

    342,000      2,889,900

Fisher Communications, Inc.*

    320,000      4,512,000

Global Sources Ltd.*

    205,000      1,334,550

Gray Television, Inc.*

    830,000      1,909,000

Grupo Televisa S.A. (ADR)

    110,000      2,312,200

Il Sole 24 Ore

    470,000      1,091,865

Imax Corp.*

    50,000      899,500

Interactive Data Corp

    130,000      4,160,000

Interpublic Group of Cos., Inc.*

    975,000      8,112,000

Journal Communications, Inc., Class A*

    990,000      4,158,000

LIN TV Corp., Class A*

    580,000      3,335,000

Madison Square Garden, Inc., Class A*

    200,000      4,346,000

Martha Stewart Living Omnimedia, Inc., Class A*

    315,000      1,757,700

MDC Partners, Inc., Class A

    7,000      72,450

Media General, Inc., Class A*^

    800,000      6,632,000

Meredith Corp

    50,000      1,720,500

PRIMEDIA, Inc

    140,000      481,600

Salem Communications Corp., Class A*

    535,000      1,915,300

SearchMedia Holdings Ltd.*^

    125,000      588,750

Sinclair Broadcast Group, Inc., Class A*

    250,000      1,270,000

Warner Music Group Corp.*

    45,000      310,950

World Wrestling Entertainment, Inc., Class A

    2,000      34,600
         
        72,890,719
         

Multiline Retail (0.5%)

      

99 Cents Only Stores*

    80,000      1,304,000

 

See Notes to Portfolio of Investments.

269

EQ ADVISORS TRUST

EQ/GAMCO SMALL COMPANY VALUE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Bon-Ton Stores, Inc.*^

    510,000    $ 6,803,400
        8,107,400

Specialty Retail (5.2%)

      

AutoNation, Inc.*

    600,000      10,848,000

Bed Bath & Beyond, Inc.*

    125,000      5,470,000

Big 5 Sporting Goods Corp.

    50,000      761,000

Bowlin Travel Centers, Inc.*

    74,800      82,280

Coldwater Creek, Inc.*

    960,000      6,662,400

Collective Brands, Inc.*

    13,000      295,620

Midas, Inc.*

    522,000      5,888,160

Monro Muffler Brake, Inc.

    44,000      1,573,440

O’Reilly Automotive, Inc.*

    525,000      21,897,750

Penske Automotive Group, Inc.*

    490,000      7,065,800

PEP Boys-Manny, Moe & Jack

    540,000      5,427,000

Sally Beauty Holdings, Inc.*

    475,000      4,237,000

Tractor Supply Co.

    198,000      11,493,900
         
        81,702,350
         

Textiles, Apparel & Luxury Goods (0.2%)

      

Hanesbrands, Inc.*

    85,000      2,364,700

Movado Group, Inc.*

    50,000      564,000

Wolverine World Wide, Inc.

    25,000      729,000
         
        3,657,700
         

Total Consumer Discretionary

         328,950,408
         

Consumer Staples (8.2%)

      

Beverages (0.5%)

      

Boston Beer Co., Inc., Class A*

    85,000      4,442,100

Brown-Forman Corp., Class A

    30,000      1,884,000

Brown-Forman Corp., Class B

    3,025      179,836

Davide Campari-Milano S.p.A

    140,000      1,496,656
         
        8,002,592
         

Food & Staples Retailing (2.1%)

      

Casey’s General Stores, Inc.

    170,000      5,338,000

Great Atlantic & Pacific Tea Co., Inc.*^

    862,500      6,615,375

Ingles Markets, Inc., Class A‡

    650,003      9,769,545

United Natural Foods, Inc.*

    60,000      1,687,800

Village Super Market, Inc., Class A

    88,087      2,469,079

Weis Markets, Inc.

    60,000      2,181,600

Winn-Dixie Stores, Inc.*

    474,500      5,926,505
         
        33,987,904
         

Food Products (3.6%)

      

American Dairy, Inc.*^

    160,000      3,064,000

Bull-Dog Sauce Co., Ltd.

    40,000      86,854

Corn Products International, Inc.

    320,000      11,091,200

Dean Foods Co.*

    70,000      1,098,300

Del Monte Foods Co.

    600,000      8,760,000

Diamond Foods, Inc.

    7,000      294,280

Flowers Foods, Inc.

    35,000      865,900

Griffin Land & Nurseries, Inc.

    246,022      7,146,939

Hain Celestial Group, Inc.*

    140,000      2,429,000

J&J Snack Foods Corp.

    50,000      2,173,500

John B. Sanfilippo & Son, Inc.*

    2,000      29,500

Lifeway Foods, Inc.*^

    210,005      2,492,759

Ralcorp Holdings, Inc.*

    54,000      3,660,120

Rock Field Co., Ltd.

    200,000      2,920,099

Smart Balance, Inc.*

    140,000      907,200

Tootsie Roll Industries, Inc.

    339,982      9,189,724
         
        56,209,375
         

Household Products (1.1%)

      

Church & Dwight Co., Inc.

    45,000      3,012,750

Energizer Holdings, Inc.*

    52,000      3,263,520

Katy Industries, Inc.*‡

    636,300      1,113,525

Oil-Dri Corp. of America‡

    432,000      8,350,560

WD-40 Co.

    38,000    $ 1,247,540
         
        16,987,895
         

Personal Products (0.9%)

      

Alberto-Culver Co.

    85,000      2,222,750

Elizabeth Arden, Inc.*

    11,000      198,000

Revlon, Inc., Class A*^

    22,000      326,700

Schiff Nutrition International, Inc.‡

    1,255,000      10,265,900

United-Guardian, Inc.

    153,000      1,904,850
         
        14,918,200
         

Total Consumer Staples

         130,105,966
         

Energy (2.6%)

      

Energy Equipment & Services (2.5%)

      

Key Energy Services, Inc.*

    90,000      859,500

Lufkin Industries, Inc.

    127,000      10,052,050

Oceaneering International, Inc.*

    60,000      3,809,400

Rowan Cos., Inc.*

    215,000      6,258,650

RPC, Inc.

    1,600,000      17,808,000

Union Drilling, Inc.*

    130,000      800,800
         
        39,588,400
         

Oil, Gas & Consumable Fuels (0.1%)

      

Genesis Energy LP

    55,000      1,071,950
         

Total Energy

         40,660,350
         

Financials (5.6%)

      

Capital Markets (3.2%)

      

Artio Global Investors, Inc.

    75,000      1,855,500

BKF Capital Group, Inc.*

    50,000      46,000

Calamos Asset Management, Inc., Class A

    105,000      1,505,700

Cohen & Steers, Inc.^

    180,000      4,492,800

Duff & Phelps Corp., Class A

    32,000      535,680

Epoch Holding Corp.^

    430,000      4,854,700

GAM Holding Ltd.

    180,000      2,210,736

Janus Capital Group, Inc.

    625,000      8,931,250

KKR & Co. (Guernsey) L.P

    150,000      1,725,000

Legg Mason, Inc.

    35,000      1,003,450

Pzena Investment Management, Inc., Class A*

    16,000      122,080

Riskmetrics Group, Inc.*

    20,000      452,200

SWS Group, Inc.

    560,000      6,456,800

Waddell & Reed Financial, Inc., Class A

    480,000      17,299,200
         
        51,491,096
         

Commercial Banks (0.5%)

      

Fidelity Southern Corp.*

    25,757      147,072

Hudson Valley Holding Corp.

    36,000      871,200

Nara Bancorp, Inc.*

    560,000      4,905,600

Sterling Bancorp/New York

    280,000      2,814,000
         
        8,737,872
         

Consumer Finance (0.2%)

      

Discover Financial Services

    170,000      2,533,000
         

Diversified Financial Services (0.1%)

      

BPW Acquisition Corp.*

    150,000      1,867,500
         

Insurance (1.1%)

      

Alleghany Corp.*

    3,329      968,155

Argo Group International Holdings Ltd.

    75,000      2,444,250

CNA Surety Corp.*

    755,000      13,431,450
         
        16,843,855
         

 

See Notes to Portfolio of Investments.

270

EQ ADVISORS TRUST

EQ/GAMCO SMALL COMPANY VALUE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Real Estate Investment Trusts (REITs) (0.0%)

      

Gyrodyne Co. of America, Inc. (REIT)*

    6,000    $ 246,000
         

Real Estate Management & Development (0.0%)

      

Capital Properties, Inc., Class A

    10,760      88,770

Capital Properties, Inc., Class B§†

    7,800      64,350
         
        153,120
         

Thrifts & Mortgage Finance (0.5%)

      

Crazy Woman Creek Bancorp, Inc.

    15,750      204,750

Flushing Financial Corp.

    190,000      2,405,400

NewAlliance Bancshares, Inc.

    385,000      4,858,700
         
        7,468,850
         

Total Financials

         89,341,293
         

Health Care (7.5%)

      

Biotechnology (0.5%)

      

Cepheid, Inc.*

    200,000      3,496,000

Crucell N.V. (ADR)*

    235,000      4,794,000
         
        8,290,000
         

Health Care Equipment & Supplies (3.4%)

      

Align Technology, Inc.*

    88,000      1,701,920

AngioDynamics, Inc.*

    120,000      1,874,400

Anika Therapeutics, Inc.*

    8,000      57,040

ArthroCare Corp.*

    175,000      5,201,000

Biolase Technology, Inc.*^

    135,000      263,250

CONMED Corp.*

    80,000      1,904,800

Cooper Cos., Inc.

    100,000      3,888,000

Cutera, Inc.*

    390,000      4,044,300

Cynosure, Inc., Class A*

    16,000      179,840

Del Global Technologies Corp.*

    70,000      70,000

DENTSPLY International, Inc.

    3,000      104,550

DexCom, Inc.*

    58,000      564,340

Exactech, Inc.*

    177,100      3,713,787

Greatbatch, Inc.*

    60,000      1,271,400

ICU Medical, Inc.*

    27,000      930,150

Inverness Medical Innovations, Inc.*.

    10,000      389,500

IRIS International, Inc.*

    170,000      1,735,700

Kensey Nash Corp.*

    67,000      1,580,530

Kinetic Concepts, Inc.*

    38,000      1,816,780

Micrus Endovascular Corp.*

    245,000      4,831,400

National Dentex Corp.*

    40,000      390,000

Neogen Corp.*

    10,000      251,000

Orthofix International N.V.*

    60,000      2,182,800

Palomar Medical Technologies, Inc.*

    55,000      597,300

Quidel Corp.*

    135,000      1,962,900

Rochester Medical Corp.*

    30,000      384,600

RTI Biologics, Inc.*

    100,000      433,000

SSL International plc

    640,000      7,895,856

Syneron Medical Ltd.*

    30,000      327,900

Vascular Solutions, Inc.*

    230,000      2,067,700

Wright Medical Group, Inc.*

    18,000      319,860

Young Innovations, Inc.

    55,400      1,560,064
         
        54,495,667
         

Health Care Providers & Services (2.0%)

      

American Dental Partners, Inc.*

    20,000      261,000

Animal Health International, Inc.*

    200,000      378,000

Chemed Corp.

    240,000      13,051,200

Continuecare Corp.*

    50,000      185,000

Henry Schein, Inc.*

    10,000      589,000

MWI Veterinary Supply, Inc.*

    30,000      1,212,000

Odyssey HealthCare, Inc.*

    510,000      9,236,100

Owens & Minor, Inc.

    80,000      3,711,200

Patterson Cos., Inc.

    50,000      1,552,500

PSS World Medical, Inc.*

    60,000    $ 1,410,600
         
        31,586,600
         

Health Care Technology (0.2%)

      

AMICAS, Inc.*

    625,000      3,762,500
         

Life Sciences Tools & Services (1.0%)

      

Life Technologies Corp.*

    20,000      1,045,400

Millipore Corp.*

    30,000      3,168,000

Varian, Inc.*

    210,000      10,873,800
         
        15,087,200
         

Pharmaceuticals (0.4%)

      

Allergan, Inc.

    32,000      2,090,240

Heska Corp.*

    140,000      114,940

Matrixx Initiatives, Inc.*

    106,000      537,420

Pain Therapeutics, Inc.*

    495,000      3,103,650
         
        5,846,250
         

Total Health Care

         119,068,217
         

Industrials (26.2%)

      

Aerospace & Defense (3.5%)

      

AAR Corp.*

    75,000      1,861,500

Astronics Corp.*

    10,000      98,100

Astronics Corp., Class B*

    2,600      23,400

Curtiss-Wright Corp.

    694,400      24,165,120

GenCorp, Inc.*

    804,800      4,635,648

HEICO Corp.

    27,000      1,392,120

Herley Industries, Inc.*

    424,000      6,215,840

Innovative Solutions & Support, Inc.*

    15,000      94,500

Moog, Inc., Class A*

    60,000      2,125,200

Moog, Inc., Class B*

    30,900      1,096,950

Precision Castparts Corp.

    110,000      13,938,100
         
        55,646,478
         

Air Freight & Logistics (0.2%)

      

Park-Ohio Holdings Corp.*

    459,000      4,034,610
         

Building Products (0.8%)

      

Griffon Corp.*

    960,000      11,961,600
         

Commercial Services & Supplies (2.2%)

      

ACCO Brands Corp.*

    150,000      1,149,000

Bowne & Co., Inc.

    100,000      1,116,000

Brink’s Co.

    130,000      3,669,900

Casella Waste Systems, Inc., Class A*

    130,000      653,900

Covanta Holding Corp.*

    220,000      3,665,200

KAR Auction Services, Inc.*

    105,800      1,593,348

Republic Services, Inc.

    400,000      11,608,000

Rollins, Inc.

    438,000      9,495,840

Waste Connections, Inc.*

    15,000      509,400

Waste Services, Inc.*

    55,000      543,950

WCA Waste Corp.*

    100,000      509,000
         
        34,513,538
         

Construction & Engineering (0.7%)

      

Furmanite Corp.*

    520,000      2,698,800

Insituform Technologies, Inc., Class A*

    80,000      2,128,800

Layne Christensen Co.*

    210,000      5,609,100
         
        10,436,700
         

Electrical Equipment (4.8%)

      

A. O. Smith Corp.

    15,000      788,550

AMETEK, Inc.

    182,000      7,545,720

AZZ, Inc.

    4,000      135,400

Baldor Electric Co.

    320,000      11,968,000

Belden, Inc.

    50,000      1,373,000

C&D Technologies, Inc.*^

    10,000      16,000

 

See Notes to Portfolio of Investments.

271

EQ ADVISORS TRUST

EQ/GAMCO SMALL COMPANY VALUE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Ener1, Inc.*^

    14,000    $ 66,220

Franklin Electric Co., Inc.

    120,000      3,598,800

GrafTech International Ltd.*

    1,500,000      20,505,000

Magnetek, Inc.*

    645,000      1,083,600

Rockwell Automation, Inc.

    116,000      6,537,760

Roper Industries, Inc.

    40,000      2,313,600

SL Industries, Inc.*

    270,000      2,443,500

Tech/Ops Sevcon, Inc.*‡

    437,519      2,205,096

Thomas & Betts Corp.*

    360,000      14,126,400

Woodward Governor Co.

    50,000      1,599,000
         
        76,305,646
         

Industrial Conglomerates (1.5%)

      

Otter Tail Corp.

    150,000      3,294,000

Standex International Corp.

    86,000      2,216,220

Textron, Inc.

    290,000      6,156,700

Tredegar Corp.

    750,000      12,810,000
         
        24,476,920
         

Machinery (9.7%)

      

Ampco-Pittsburgh Corp.

    245,000      6,080,900

Badger Meter, Inc.

    38,000      1,463,380

Baldwin Technology Co., Inc., Class A*

    460,000      552,000

Barnes Group, Inc.

    15,000      291,750

CIRCOR International, Inc.

    437,000      14,512,770

CLARCOR, Inc.

    390,000      13,451,100

CNH Global N.V.*

    815,000      25,061,250

Crane Co.

    570,000      20,235,000

Donaldson Co., Inc.

    113,000      5,098,560

Flowserve Corp.

    44,500      4,907,015

Gorman-Rupp Co.

    130,091      3,309,515

Graco, Inc.

    144,700      4,630,400

Greenbrier Cos., Inc.*

    127,000      1,398,270

IDEX Corp.

    170,000      5,627,000

Interpump Group S.p.A.*

    30,000      148,099

K-Tron International, Inc.*

    15,000      2,249,550

L.S. Starrett Co., Class A

    117,000      1,210,950

Lindsay Corp.^

    77,000      3,188,570

Met-Pro Corp.

    95,000      931,000

Middleby Corp.*

    1,000      57,590

Mueller Water Products, Inc., Class A

    64,000      305,920

Navistar International Corp.*

    200,000      8,946,000

Nordson Corp.

    20,000      1,358,400

Robbins & Myers, Inc.

    192,000      4,573,440

Tennant Co.

    335,000      9,175,650

Terex Corp.*

    95,000      2,157,450

Twin Disc, Inc.

    30,000      366,600

Valmont Industries, Inc.

    10,000      828,300

Watts Water Technologies, Inc., Class A

    350,000      10,871,000
         
        152,987,429
         

Road & Rail (0.1%)

      

Providence and Worcester Railroad Co.

    110,650      1,284,646
         

Trading Companies & Distributors (2.4%)

      

GATX Corp.

    482,000      13,809,300

Kaman Corp.

    723,000      18,082,230

National Patent Development Corp.*

    243,000      340,200

Rush Enterprises, Inc., Class B*

    460,021      5,658,258

United Rentals, Inc.*

    80,000      750,400
         
        38,640,388
         

Transportation Infrastructure (0.3%)

      

BBA Aviation plc

    1,600,000    $ 4,727,316
         

Total Industrials

         415,015,271
         

Information Technology (7.6%)

      

Communications Equipment (0.5%)

      

3Com Corp.*

    300,000      2,307,000

Communications Systems, Inc.

    138,000      1,784,340

EchoStar Corp., Class A*

    30,000      608,400

Plantronics, Inc.

    45,000      1,407,600

Sycamore Networks, Inc.

    90,000      1,809,900
         
        7,917,240
         

Computers & Peripherals (2.4%)

      

Diebold, Inc.

    476,100      15,120,936

Intermec, Inc.*

    1,155,000      16,377,900

NCR Corp.*

    380,000      5,244,000

TransAct Technologies, Inc.*

    122,000      888,160
         
        37,630,996
         

Electronic Equipment, Instruments & Components (2.3%)

      

Anixter International, Inc.*

    6,000      281,100

CTS Corp.

    834,000      7,856,280

Gerber Scientific, Inc.*

    490,000      3,042,900

KEMET Corp.*^

    265,000      371,000

Littelfuse, Inc.*

    125,000      4,751,250

Methode Electronics, Inc.

    157,000      1,554,300

Park Electrochemical Corp.

    560,000      16,094,400

Trans-Lux Corp.*‡

    110,000      93,500

Zygo Corp.*

    315,000      2,907,450
         
        36,952,180
         

Internet Software & Services (0.3%)

      

Stamps.com, Inc.*

    40,000      404,000

ValueClick, Inc.*

    390,000      3,954,600
         
        4,358,600
         

IT Services (0.1%)

      

Edgewater Technology, Inc.*

    580,000      1,856,000
         

Office Electronics (0.5%)

      

Zebra Technologies Corp., Class A* .

    290,000      8,584,000
         

Semiconductors & Semiconductor Equipment (0.4%)

      

Cypress Semiconductor Corp.*

    400,000      4,600,000

MoSys, Inc.*

    20,000      80,200

Trident Microsystems, Inc.*

    590,000      1,026,600

Zoran Corp.*

    100,000      1,076,000
         
        6,782,800
         

Software (1.1%)

      

FalconStor Software, Inc.*

    80,000      278,400

GSE Systems, Inc.*

    18,000      97,380

Mentor Graphics Corp.*

    85,000      681,700

Take-Two Interactive Software, Inc.*

    430,000      4,235,500

TiVo, Inc.*

    585,000      10,015,200

Tyler Technologies, Inc.*

    65,000      1,218,100
         
        16,526,280
         

Total Information Technology

         120,608,096
         

Materials (7.9%)

      

Chemicals (6.1%)

      

Albemarle Corp.

    20,000      852,600

Arch Chemicals, Inc.

    75,000      2,579,250

Ashland, Inc.

    134,000      7,071,180

Core Molding Technologies, Inc.*

    310,000      1,054,000

Cytec Industries, Inc.

    6,000      280,440

Ferro Corp.*

    2,000,000      17,580,000

 

See Notes to Portfolio of Investments.

272

EQ ADVISORS TRUST

EQ/GAMCO SMALL COMPANY VALUE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

H.B. Fuller Co.

    350,000    $ 8,123,500

Hawkins, Inc.^

    136,000      3,291,200

Huntsman Corp.

    1,040,000      12,532,000

Material Sciences Corp.*

    16,000      32,960

NewMarket Corp.

    46,300      4,768,437

Olin Corp.

    50,000      981,000

Omnova Solutions, Inc.*

    750,000      5,887,500

Penford Corp.*

    20,000      205,000

Quaker Chemical Corp.

    5,000      135,550

Rockwood Holdings, Inc.*

    100,000      2,662,000

Scotts Miracle-Gro Co., Class A

    80,000      3,708,000

Sensient Technologies Corp.

    305,000      8,863,300

Zep, Inc.

    747,000      16,344,360
         
        96,952,277
         

Containers & Packaging (1.2%)

      

Greif, Inc., Class A

    144,000      7,908,480

Myers Industries, Inc.

    865,000      9,065,200

Sonoco Products Co.

    50,000      1,539,500
         
        18,513,180
         

Metals & Mining (0.5%)

      

Barrick Gold Corp.

    20,000      766,800

Brush Engineered Materials, Inc.*

    270,000      6,093,900

Kinross Gold Corp.

    20,000      341,800

WHX Corp.*

    200,000      484,000
         
        7,686,500
         

Paper & Forest Products (0.1%)

      

Schweitzer-Mauduit International, Inc.

    30,000      1,426,800
         

Total Materials

         124,578,757
         

Telecommunication Services (2.3%)

      

Diversified Telecommunication Services (1.6%)

      

AboveNet, Inc.*

    35,000      1,775,550

Cincinnati Bell, Inc.*

    3,555,400      12,123,914

HickoryTech Corp.

    54,900      484,767

Iowa Telecommunications Services, Inc.

    80,000      1,336,000

New Ulm Telecom, Inc.

    28,000      145,880

Verizon Communications, Inc.

    80,000      2,481,600

Vimpel-Communications (ADR)

    305,000      5,615,050

Windstream Corp.

    40,000      435,600
         
        24,398,361
         

Wireless Telecommunication Services (0.7%)

      

Clearwire Corp., Class A*^

    105,000      750,750

Rogers Communications, Inc., Class B

    200,000      6,826,000

U.S. Cellular Corp.*

    96,000      3,972,480
         
        11,549,230
         

Total Telecommunication Services

         35,947,591
         

Utilities (8.2%)

      

Electric Utilities (3.6%)

      

Allegheny Energy, Inc.

    22,000      506,000

Central Vermont Public Service Corp.

    66,400      1,339,288

El Paso Electric Co.*

    725,000      14,935,000

Great Plains Energy, Inc.

    590,000      10,956,300

Maine & Maritimes Corp.

    54,300      2,383,770

PNM Resources, Inc.

    1,225,000      15,349,250

UniSource Energy Corp.

    140,000      4,401,600

Westar Energy, Inc.

    280,000      6,244,000
         
        56,115,208
         

Gas Utilities (1.8%)

      

AGL Resources, Inc.

    4,000      154,600

Chesapeake Utilities Corp.

    19,000      566,200

National Fuel Gas Co.

    180,000    $ 9,099,000

ONEOK, Inc.

    86,000      3,925,900

Southwest Gas Corp.

    490,000      14,660,800
         
        28,406,500
         

Independent Power Producers & Energy Traders (0.4%)

      

AES Corp.*

    350,000      3,850,000

Ormat Technologies, Inc.

    90,000      2,532,600
         
        6,382,600
         

Multi-Utilities (1.9%)

      

Black Hills Corp.

    375,000      11,381,250

CH Energy Group, Inc.

    253,000      10,332,520

NorthWestern Corp.

    320,000      8,579,200
         
        30,292,970
         

Water Utilities (0.5%)

      

Cadiz, Inc.*^

    4,000      51,080

Pennichuck Corp.

    200,000      4,702,000

SJW Corp.

    110,000      2,796,200

York Water Co.

    50,000      687,500
         
        8,236,780
         

Total Utilities

         129,434,058
         

Total Common Stocks (96.8%)
(Cost $1,315,687,356)

         1,533,710,007
         

PREFERRED STOCK:

      

Consumer Staples (0.0%)

      

Personal Products (0.0%)

      

Revlon, Inc.
12.750%†

    1,000      13,347
         

Total Preferred Stocks (0.0%)
(Cost $6,528)

         13,347
         
     Number of
Rights		    Value
(Note 1)

RIGHTS:

      

Telecommunication Services (0.0%)

      

Wireless Telecommunication Services (0.0%)

      

Clearwire Corp. ,
expiring 6/21/10*
(Cost $—)

    120,000      22,200
         
     Number of
Warrants		    Value
(Note 1)

WARRANTS:

      

Consumer Discretionary (0.0%)

      

Auto Components (0.0%)

      

Federal Mogul Corp. ,
expiring 12/27/14*

    4,531      2,266
         

Media (0.0%)

      

SearchMedia Holdings Ltd. ,
expiring 11/19/11*

    125,000      118,737
         

Total Consumer Discretionary

         121,003
         

Financials (0.1%)

      

Diversified Financial Services (0.1%)

      

BPW Acquisition Corp.,
expiring 2/26/14*

    584,000      986,960
         

Total Financials

         986,960
         

Total Warrants (0.1%)
(Cost $275,481)

         1,107,963
         

 

See Notes to Portfolio of Investments.

273

EQ ADVISORS TRUST

EQ/GAMCO SMALL COMPANY VALUE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Principal
Amount		    Value
(Note 1)		  

SHORT-TERM INVESTMENTS:

      

Government Securities (3.1%)

      

U.S. Treasury Bills

      

0.08%, 4/8/10 (p)

    $ 20,000,000    $ 19,999,649   

0.14%, 6/17/10 (p)

      30,000,000      29,990,700   
           

Total Government Securities

         49,990,349   
           

Short-Term Investments of Cash Collateral for Securities Loaned (0.7%)

      

Goldman Sachs & Co., Repurchase Agreement

      

0.01%, 4/1/10 (v)

      1,849,971      1,849,971   

Pricoa Global Funding I

      

0.40%, 6/25/10 (l)

      9,999,748      9,936,689   
           

Total Short-Term Investments of Cash Collateral for Securities Loaned

         11,786,660   
           

Time Deposit (0.4%)

      

JPMorgan Chase Nassau

      

0.000%, 4/1/10

      5,841,812      5,841,812   
           

Total Short-Term Investments (4.2%)
(Cost/Amortized Cost $67,681,079)

         67,618,821   
           

Total Investments (101.1%)
(Cost/Amortized Cost $1,383,650,444)

         1,602,472,338   

Other Assets Less Liabilities (-1.1%)

         (17,985,497 ) 
           

Net Assets (100%)

       $ 1,584,486,841   
           

 

* Non-income producing.

 

^ All, or a portion of security out on loan (See Note 1).

 

† Securities (totaling $77,697 or 0.0% of net assets) at fair value by management.

 

§ Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may only be resold to qualified institutional buyers. At March 31, 2010, the market value of these securities amounted to $64,350 or 0.0% of net assets. Securities denoted with “§” but without “b” have been determined to be liquid under the guidelines established by the Board of Trustees. To the extent any securities might provide a right to demand registration, such rights have not been relied upon when determining liquidity.

 

‡ Affiliated company as defined under the Investment Company Act of 1940.

 

(l) Floating Rate Security. Rate disclosed is as of March 31, 2010.

 

(p) Yield to maturity.

 

(v) Represents the Portfolio’s undivided interest in a joint repurchase agreement. The repurchase agreement was fully collateralized by U.S. government agency securities at the date of this Portfolio of Investments as follows: Government National Mortgage Association, 3.500%-15.000%, maturing 7/15/10 to 3/20/40, which had a total value of $1,886,970.

Glossary:

ADR — American Depositary Receipt

Investments in companies which were affiliates for the three months ended March 31, 2010, were as follows:

 

Securities

    Market Value
December 31, 2009		    Purchases
at Cost		    Sales at
Cost		    Market Value
March 31, 2010		    Dividend
Income		    Realized
Gain (Loss)

Beasley Broadcasting Group, Inc., Class A

    $ 1,285,100    $ 71,793    $ —      $ 1,577,000    $ —      $ —  

Ingles Markets, Inc., Class A .

     8,926,745      886,861      —        9,769,545      97,351      —  

Katy Industries, Inc.

      1,100,750      11,379      —        1,113,525      —        —  

Oil-Dri Corp. of America

      6,696,000      —        —        8,350,560      64,800      —  

Schiff Nutrition International, Inc.

      9,814,100      —        —        10,265,900      —        —  

Sonesta International Hotels Corp., Class A

      3,597,840      13,084      42,024      4,842,720      —        29,404

Tech/Ops Sevcon, Inc.

      923,165      —        —        2,205,096      —        —  

Trans-Lux Corp.

      78,100      —        —        93,500      —        —  
                                         
   $ 32,421,800    $ 983,117    $ 42,024    $ 38,217,846    $ 162,151    $ 29,404
                                         

The following is a summary of the inputs used to value the Portfolio’s assets and liabilities carried at fair value as of March 31, 2010:

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, money market securities are valued using amortized cost, in accordance with rules under the Investment Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active market, such securities are reflected as Level 2.

Various inputs are used in determining the value of the Portfolio’s investments. These inputs are summarized in the three broad levels listed below:

 

See Notes to Portfolio of Investments.

274

EQ ADVISORS TRUST

EQ/GAMCO SMALL COMPANY VALUE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

Investment Type

    Level 1
Quoted prices in active
markets for identical
securities		    Level 2
Significant other
observable inputs
(including quoted prices
for similar securities,
interest rates,
prepayment speeds,
credit risk, etc.)		    Level 3
Significant unobservable
inputs (including the
Portfolio's own
assumptions in
determining the fair
value of investments)		    Total

Assets:

            

Common Stocks

            

Consumer Discretionary

    $ 325,957,886    $ 2,992,522    $ —      $ 328,950,408

Consumer Staples

      124,488,832      5,617,134      —        130,105,966

Energy

      40,660,350      —        —        40,660,350

Financials

      84,755,687      4,521,256      64,350      89,341,293

Health Care

      111,172,361      7,895,856      —        119,068,217

Industrials

      408,944,806      6,070,465      —        415,015,271

Information Technology

      120,608,096      —        —        120,608,096

Materials

      124,578,757      —        —        124,578,757

Telecommunication Services

      35,801,711      145,880      —        35,947,591

Utilities

      129,434,058      —        —        129,434,058

Preferred Stocks

            

Consumer Staples

      —        —        13,347      13,347

Rights

            

Telecommunication Services

      22,200      —        —        22,200

Short-Term Investments

      —        67,618,821      —        67,618,821

Warrants

            

Consumer Discretionary

      121,003      —        —        121,003

Financials

      986,960      —        —        986,960
                           

Total Assets

    $ 1,507,532,707    $ 94,861,934    $ 77,697    $ 1,602,472,338
                           

Total Liabilities

    $ —      $ —      $ —      $ —  
                           

Total

    $ 1,507,532,707    $ 94,861,934    $ 77,697    $ 1,602,472,338
                           

Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:

 

     Investments in Securities-
Consumer Staples		     Investments in
Securities-Financials		  

Balance as of 12/31/09

    $ 15,309      $ 66,300   

Total gains or losses (realized/unrealized) included in earnings

      (1,962 )      (1,950 ) 

Purchases, sales, issuances, and settlements (net)

      —          —     

Transfers into Level 3

      —          —     

Transfers out of Level 3

      —          —     
                

Balance as of 3/31/10

    $ 13,347      $ 64,350   
                

The amount of total gains or losses for the year included in earnings attributable to the change in unrealized gains or losses relating to assets and liabilities still held at period ending 3/31/10.

    $ (1,962 )    $ (1,950 ) 

Investment security transactions for the three months ended March 31, 2010 were as follows:

 

Cost of Purchases:

   

Stocks and long-term corporate debt securities

    $ 66,406,985

Net Proceeds of Sales and Redemptions:

   

Stocks and long-term corporate debt securities

    $ 45,788,075

As of March 31, 2010, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investments for Federal income tax purposes was as follows:

 

Aggregate gross unrealized appreciation

    $ 334,022,773   

Aggregate gross unrealized depreciation

      (131,570,475 ) 
        

Net unrealized appreciation

    $ 202,452,298   
        

Federal income tax cost of investments

    $ 1,400,020,040   
        

 

See Notes to Portfolio of Investments.

275

EQ ADVISORS TRUST

EQ/GAMCO SMALL COMPANY VALUE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

At March 31, 2010, the Portfolio had loaned securities with a total value of $11,510,070. This was secured by collateral of $11,849,719, which was received as cash and subsequently invested in short-term investments currently valued at $11,786,660, as reported in the Portfolio of Investments.

The Portfolio has a net capital loss carryforward of $72,920,076 which expires in the year 2017.

 

See Notes to Portfolio of Investments.

276

EQ ADVISORS TRUST

EQ/GLOBAL BOND PLUS PORTFOLIO

PORTFOLIO OF INVESTMENTS

March 31, 2010 (Unaudited)

 

     Principal
Amount		    Value
(Note 1)

LONG-TERM DEBT SECURITIES:

      

Aruba (0.0%)

      

UFJ Finance Aruba AEC

      

6.750%, 7/15/13

    $ 200,000    $ 224,203
         

Australia (2.2%)

      

Australia Government Bond

      

5.750%, 5/15/21

    AUD 8,200,000      7,496,663

3.000%, 9/20/25

      12,875,000      12,199,667

BHP Billiton Finance USA Ltd.

      

5.250%, 12/15/15

    $ 200,000      218,116

6.500%, 4/1/19

      250,000      285,824

General Electric Capital Australia Funding Pty Ltd.

      

5.750%, 1/18/11

    AUD 360,000      330,967

6.000%, 6/15/11

      408,000      372,871

New South Wales Treasury Corp.

      

6.000%, 4/1/19

      7,350,000      6,730,658

Qantas Airways Ltd.

      

6.050%, 4/15/16§

    $ 100,000      103,335

SPI Electricity & Gas Australia Holdings Pty Ltd.

      

6.150%, 11/15/13§

      100,000      108,626

Westpac Banking Corp.

      

4.625%, 6/1/18

      100,000      97,619
         

Total Australia

         27,944,346
         

Austria (0.0%)

      

Oesterreichische Kontrollbank AG

      

4.500%, 3/9/15

      100,000      106,112

4.875%, 2/16/16

      200,000      215,109
         

Total Austria

         321,221
         

Bermuda (0.1%)

      

Central European Media Enterprises Ltd.

      

2.616%, 5/15/14(l)

    EUR 603,000      675,987

11.625%, 9/15/16

      700,000      1,030,546
         

Total Bermuda

         1,706,533
         

Brazil (1.0%)

      

Federative Republic of Brazil

      

8.000%, 1/15/18

    $ 1,866,667      2,175,600

5.875%, 1/15/19

      845,000      908,375

12.500%, 1/5/22

    BRL 15,000,000      9,847,612
         

Total Brazil

         12,931,587
         

Canada (2.3%)

      

Anadarko Finance Co.

      

Series B

      

6.750%, 5/1/11

    $ 100,000      105,242

7.500%, 5/1/31

      200,000      224,745

Barrick Gold Finance Co.

      

4.875%, 11/15/14

      1,100,000      1,169,409

Bombardier, Inc.

      

7.250%, 11/15/16

    EUR 1,512,000      2,164,714

Burlington Resources Finance Co.

      

6.500%, 12/1/11

    $ 100,000      108,527

Canadian Government Bond

      

2.375%, 9/10/14

      1,655,000      1,651,875

Canadian National Railway Co.

      

5.550%, 5/15/18

      252,000      270,984

6.900%, 7/15/28

      100,000      114,530

6.200%, 6/1/36

      125,000      134,556

Canadian Natural Resources Ltd.

      

4.900%, 12/1/14

      100,000      106,889

6.500%, 2/15/37

      500,000      530,536

Cenovus Energy, Inc.

      

5.700%, 10/15/19§

      595,000      625,649

Conoco Funding Co.

      

6.350%, 10/15/11

      300,000      323,614

ConocoPhillips Canada Funding Co. I

      

5.625%, 10/15/16

    $ 600,000    $ 667,902

Devon Financing Corp. ULC

      

6.875%, 9/30/11

      300,000      323,704

EnCana Corp.

      

6.500%, 2/1/38

      200,000      212,947

EnCana Holdings Finance Corp.

      

5.800%, 5/1/14

      600,000      662,440

Hydro Quebec

      

8.400%, 1/15/22

      200,000      257,182

Nexen, Inc.

      

5.200%, 3/10/15

      200,000      211,456

5.875%, 3/10/35

      100,000      95,083

6.400%, 5/15/37

      200,000      201,605

Petro-Canada, Inc.

      

5.950%, 5/15/35

      120,000      117,437

6.800%, 5/15/38

      95,000      101,645

Potash Corp of Saskatchewan, Inc.

      

5.875%, 12/1/36

      280,000      274,727

Province of British Columbia

      

4.300%, 5/30/13

      100,000      106,578

Province of Manitoba

      

5.000%, 2/15/12

      200,000      214,214

Province of Nova Scotia

      

5.125%, 1/26/17

      500,000      548,480

Province of Ontario

      

4.375%, 2/15/13

      200,000      213,249

4.100%, 6/16/14

      1,445,000      1,543,679

4.500%, 2/3/15

      400,000      428,423

6.250%, 6/16/15

    NZD 14,700,000      10,706,748

4.750%, 1/19/16

    $ 200,000      215,044

Province of Quebec

      

4.600%, 5/26/15

      200,000      214,537

7.500%, 9/15/29

      300,000      390,468

Rio Tinto Alcan, Inc.

      

4.500%, 5/15/13

      1,990,000      2,093,058

Rogers Communications, Inc.

      

7.250%, 12/15/12

      400,000      453,349

Suncor Energy, Inc.

      

6.100%, 6/1/18

      500,000      538,742

TransCanada Pipelines Ltd.

      

5.850%, 3/15/36

      400,000      398,554

Vale Inco Ltd.

      

7.750%, 5/15/12

      100,000      109,539

Xstrata Canada Corp.

      

6.200%, 6/15/35

      100,000      94,326
         

Total Canada

         28,926,386
         

Cayman Islands (0.5%)

      

Petrobras International Finance Co.

      

5.750%, 1/20/20

      4,530,000      4,640,944

Sable International Finance Ltd.

      

7.750%, 2/15/17(b)§

      650,000      676,000

Transocean, Inc.

      

6.800%, 3/15/38

      140,000      157,205

Vale Overseas Ltd.

      

6.875%, 11/21/36

      400,000      413,820

XL Capital Ltd.

      

5.250%, 9/15/14

      400,000      413,496
         

Total Cayman Islands

         6,301,465
         

Chile (0.0%)

      

Celulosa Arauco y Constitucion S.A.

      

5.125%, 7/9/13

      100,000      103,510

 

See Notes to Portfolio of Investments.

277

EQ ADVISORS TRUST

EQ/GLOBAL BOND PLUS PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Principal
Amount		    Value
(Note 1)

Republic of Chile

      

5.500%, 1/15/13

    $ 100,000    $ 109,100
         

Total Chile

         212,610
         

Denmark (1.6%)

      

Kingdom of Denmark

      

4.000%, 11/15/15

    DKK 15,340,000      2,981,016

Realkredit Danmark A/S

      

2.000%, 1/1/13

      94,300,000      16,899,731
         

Total Denmark

         19,880,747
         

France (2.4%)

      

Dexia Municipal Agency

      

5.750%, 2/7/12

    AUD 1,500,000      1,361,631

France Government Bond OAT

      

4.250%, 4/25/19

    EUR 3,000,000      4,372,662

2.250%, 7/25/20

      7,740,000      12,872,606

France Telecom S.A.

      

7.250%, 1/28/13

      2,400,000      3,678,026

8.500%, 3/1/31

    $ 200,000      265,289

Lafarge S.A.

      

6.500%, 7/15/16

      100,000      105,871

Rexel S.A.

      

8.250%, 12/15/16

    EUR 700,000      995,091

Total Capital S.A.

      

4.875%, 1/28/19

      2,000,000      2,977,284

Veolia Environnement

      

4.375%, 1/16/17

      2,722,000      3,824,793
         

Total France

         30,453,253
         

Germany (3.6%)

      

Bundesobligation

      

3.500%, 4/12/13

      6,675,000      9,584,022

Bundesrepublik Deutschland

      

4.250%, 7/4/18

      3,430,000      5,081,224

Series 05

      

4.000%, 1/4/37

      2,250,000      3,107,947

Series 07

      

4.250%, 7/4/39

      1,850,000      2,686,905

Series 09

      

3.250%, 1/4/20

      8,400,000      11,489,888

Deutsche Bank AG/London

      

4.875%, 5/20/13

    $ 800,000      857,300

HeidelbergCement AG

      

8.000%, 1/31/17

    EUR 1,200,000      1,687,637

Kreditanstalt fuer Wiederaufbau

      

3.500%, 3/10/14

    $ 1,600,000      1,665,026

4.125%, 10/15/14

      400,000      419,676

4.375%, 7/21/15

      800,000      847,391

4.375%, 7/4/18

    EUR 2,000,000      2,935,662

4.875%, 6/17/19

    $ 2,000,000      2,139,600

Landwirtschaftliche Rentenbank

      

4.875%, 2/14/11

      100,000      103,803

5.125%, 2/1/17

      500,000      545,403

UPC Germany GmbH

      

9.625%, 12/1/19

    EUR 1,230,000      1,744,364
         

Total Germany

         44,895,848
         

Hungary (0.9%)

      

Hungary Government Bond

      

6.750%, 2/24/17

    HUF 2,299,000,000      11,754,060
         

Ireland (0.3%)

      

GE Capital European Funding

      

4.125%, 10/27/16

    EUR 1,432,000      1,984,814

Smurfit Kappa Acquisitions

      

7.250%, 11/15/17

      1,000,000      1,391,170
         

Total Ireland

         3,375,984
         

Italy (0.1%)

      

Republic of Italy

      

4.375%, 6/15/13

    $ 300,000    $ 317,153

4.500%, 1/21/15

      500,000      524,785

4.750%, 1/25/16

      200,000      209,694

6.875%, 9/27/23

      100,000      114,685

5.375%, 6/15/33

      400,000      396,719
         

Total Italy

         1,563,036
         

Liberia (0.1%)

      

Royal Caribbean Cruises Ltd.

      

7.250%, 6/15/16

      1,000,000      987,500
         

Luxembourg (0.4%)

      

ArcelorMittal S.A.

      

6.125%, 6/1/18

      1,195,000      1,254,400

Covidien International Finance S.A.

      

6.000%, 10/15/17

      800,000      877,316

Telecom Italia Capital S.A.

      

6.200%, 7/18/11

      100,000      104,999

5.250%, 10/1/15

      600,000      614,335

6.000%, 9/30/34

      100,000      88,714

Wind Acquisition Finance S.A.

      

11.000%, 12/1/15

    EUR 840,000      1,219,637

11.750%, 7/15/17

      330,000      494,743
         

Total Luxembourg

         4,654,144
         

Malaysia (0.9%)

      

Malaysian Government Bond

      

3.835%, 8/12/15

    MYR 15,900,000      4,888,987

4.240%, 2/7/18

      21,000,000      6,515,852
         

Total Malaysia

         11,404,839
         

Mexico (1.1%)

      

America Movil S.A.B. de C.V.

      

5.750%, 1/15/15

    $ 100,000      109,304

6.375%, 3/1/35

      100,000      100,715

United Mexican States

      

6.375%, 1/16/13

      400,000      444,000

9.500%, 12/18/14

    MXN 131,000,000      11,773,709

6.750%, 9/27/34

    $ 800,000      880,000
         

Total Mexico

         13,307,728
         

Netherlands (2.8%)

      

Bank Nederlandse Gemeenten

      

2.875%, 1/15/15

    EUR 2,580,000      3,544,843

BMW Finance N.V.

      

4.000%, 9/17/14

      2,600,000      3,656,948

Deutsche Telekom International Finance B.V.

   

5.250%, 7/22/13

    $ 400,000      428,936

4.875%, 7/8/14

      4,500,000      4,731,530

5.750%, 3/23/16

      200,000      215,001

8.750%, 6/15/30

      200,000      256,142

Diageo Finance B.V.

      

5.300%, 10/28/15

      400,000      439,161

E.ON International Finance B.V.

      

5.125%, 1/27/14

    GBP 300,000      486,125

5.750%, 5/7/20

    EUR 824,000      1,279,162

Netherlands Government Bond

      

4.500%, 7/15/17

      2,150,000      3,213,017

3.500%, 7/15/20

      4,800,000      6,579,913

4.000%, 1/15/37

      5,000,000      6,829,156

New World Resources N.V.

      

7.375%, 5/15/15

      930,000      1,187,019

OI European Group B.V.

      

6.875%, 3/31/17

      1,125,000      1,534,676

Shell International Finance B.V.

      

4.000%, 3/21/14

    $ 810,000      852,386

 

See Notes to Portfolio of Investments.

278

EQ ADVISORS TRUST

EQ/GLOBAL BOND PLUS PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Principal
Amount		    Value
(Note 1)

6.375%, 12/15/38

    $ 235,000    $ 258,783
         

Total Netherlands

         35,492,798
         

New Zealand (0.1%)

      

New Zealand Government Bond

      

6.000%, 12/15/17

    NZD 2,400,000      1,734,624
         

Norway (1.5%)

      

Eksportfinans A/S

      

5.500%, 5/25/16

    $ 540,000      594,763

Norwegian Government Bond

      

6.500%, 5/15/13

    NOK 26,035,000      4,868,754

4.250%, 5/19/17

      77,000,000      13,567,363

Statoil ASA

      

6.800%, 1/15/28

    $ 300,000      335,929

Yara International ASA

      

5.250%, 12/15/14§

      100,000      105,687
         

Total Norway

         19,472,496
         

Peru (0.0%)

      

Republic of Peru

      

7.125%, 3/30/19

      470,000      544,495
         

Poland (0.9%)

      

Poland Government Bond

      

5.250%, 4/25/13

    PLN 30,050,000      10,707,977

Republic of Poland

      

5.000%, 10/19/15

    $ 100,000      105,525
         

Total Poland

         10,813,502
         

Slovenia (0.3%)

      

Slovenia Government Bond

      

4.625%, 9/9/24

    EUR 2,400,000      3,376,928
         

South Africa (0.0%)

      

Republic of South Africa

      

6.500%, 6/2/14

    $ 100,000      110,125

Savcio Holdings Pty Ltd.

      

8.000%, 2/15/13

    EUR 345,000      465,974
         

Total South Africa

         576,099
         

South Korea (1.0%)

      

Korea Development Bank

      

5.750%, 9/10/13

    $ 100,000      108,471

Korea Treasury Bond

      

5.250%, 3/10/27

    KRW 12,856,500,000      11,504,082

Republic of Korea

      

4.250%, 6/1/13

    $ 400,000      418,310
         

Total South Korea

         12,030,863
         

Spain (0.1%)

      

Telefonica Emisiones S.A.U.

      

6.421%, 6/20/16

      900,000      999,829
         

Supranational (2.0%)

      

Asian Development Bank

      

2.625%, 2/9/15

      2,165,000      2,156,660

Corp. Andina de Fomento

      

6.875%, 3/15/12

      100,000      108,113

Eurofima

      

6.250%, 12/28/18

    AUD 5,480,000      4,890,065

European Investment Bank

      

3.000%, 4/8/14

    $ 705,000      721,090

4.625%, 5/15/14

      500,000      541,452

6.500%, 9/10/14

    NZD 4,800,000      3,558,277

4.625%, 10/20/15

    $ 1,400,000      1,505,662

4.875%, 2/16/16

      300,000      325,481

5.125%, 9/13/16

      200,000      220,152

6.125%, 1/23/17

    AUD 3,960,000      3,588,187

4.750%, 10/15/17

    EUR 4,200,000      6,318,592

Inter-American Development Bank

      

5.000%, 4/5/11

    $ 200,000      208,780

5.125%, 9/13/16

    $ 525,000    $ 579,851

International Bank for Reconstruction & Development

      

7.625%, 1/19/23

      500,000      659,355
         

Total Supranational

         25,381,717
         

Sweden (3.2%)

      

Svensk Exportkredit AB

      

4.875%, 9/29/11

      3,200,000      3,375,747

Swedish Government Bond

      

3.750%, 8/12/17

    SEK 128,315,000      18,786,812

4.250%, 3/12/19

      115,600,000      17,471,760
         

Total Sweden

         39,634,319
         

Switzerland (0.1%)

      

Credit Suisse Guernsey Ltd.

      

5.860%, 12/31/49(l)

    $ 250,000      234,375

UBS AG/Connecticut

      

5.875%, 7/15/16

      500,000      514,662

5.875%, 12/20/17

      200,000      207,133

Weatherford International Ltd.

      

5.500%, 2/15/16

      425,000      452,867
         

Total Switzerland

         1,409,037
         

United Kingdom (2.3%)

      

AstraZeneca plc

      

5.400%, 6/1/14

      100,000      109,670

5.900%, 9/15/17

      200,000      223,385

6.450%, 9/15/37

      100,000      111,281

BAT International Finance plc

      

5.750%, 12/9/13

    GBP 1,135,000      1,880,269

5.375%, 6/29/17

    EUR 2,100,000      3,124,011

BP Capital Markets plc

      

5.250%, 11/7/13

    $ 590,000      649,251

3.875%, 3/10/15

      720,000      747,775

British Telecommunications plc

      

9.625%, 12/15/30

      300,000      377,784

Diageo Capital plc

      

5.500%, 9/30/16

      300,000      325,725

HSBC Holdings plc

      

6.500%, 5/2/36

      400,000      412,190

6.500%, 9/15/37

      250,000      259,146

Imperial Tobacco Finance plc

      

4.375%, 11/22/13

    EUR 1,200,000      1,696,012

Infinis plc

      

9.125%, 12/15/14

    GBP 1,125,000      1,766,939

ISS Financing plc

      

11.000%, 6/15/14

    EUR 700,000      1,054,182

Kerling plc

      

10.625%, 1/28/17(b)§

      1,050,000      1,489,092

Marks & Spencer plc

      

6.250%, 12/1/17(m)

    $ 750,000      771,122

National Grid plc

      

6.500%, 4/22/14

    EUR 900,000      1,373,498

5.000%, 7/2/18

      500,000      726,680

Royal Bank of Scotland Group plc

      

5.000%, 10/1/14

    $ 200,000      191,401

Tesco plc

      

5.875%, 9/12/16

    EUR 2,450,000      3,770,588

5.500%, 11/15/17(m)

    $ 975,000      1,023,298

United Utilities Water plc

      

4.250%, 1/24/20

    EUR 1,000,000      1,349,595

Virgin Media Finance plc

      

8.750%, 4/15/14

      126,103      175,431

9.125%, 8/15/16

    $ 540,000      573,750

8.875%, 10/15/19

    GBP 655,000      1,043,760

 

See Notes to Portfolio of Investments.

279

EQ ADVISORS TRUST

EQ/GLOBAL BOND PLUS PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Principal
Amount		    Value
(Note 1)

Vodafone Group plc

      

5.000%, 12/16/13

    $ 400,000    $ 431,703

4.150%, 6/10/14

      260,000      269,991

6.250%, 1/15/16

    EUR 900,000      1,392,914

7.875%, 2/15/30

    $ 100,000      119,393

6.150%, 2/27/37

      100,000      102,428

William Hill plc

      

7.125%, 11/11/16

    GBP 1,180,000      1,835,595
         

Total United Kingdom

         29,377,859
         

United States (68.7%)

      

3M Co.

      

5.700%, 3/15/37

    $ 325,000      335,946

Abbott Laboratories, Inc.

      

5.875%, 5/15/16

      200,000      226,133

5.125%, 4/1/19

      400,000      421,331

ACE INA Holdings, Inc.

      

5.875%, 6/15/14

      300,000      329,470

Aetna, Inc.

      

6.000%, 6/15/16

      400,000      438,544

Ahold Finance USA, Inc.

      

6.500%, 3/14/17

    GBP 510,000      843,098

AIG SunAmerica Global Financing X

      

6.900%, 3/15/32§

    $ 300,000      292,709

Alabama Power Co.

      

5.700%, 2/15/33

      200,000      199,553

6.000%, 3/1/39

      55,000      57,106

Alcoa, Inc.

      

5.870%, 2/23/22

      200,000      183,766

Allstate Corp.

      

6.125%, 2/15/12

      100,000      108,045

7.500%, 6/15/13

      300,000      341,716

5.550%, 5/9/35

      100,000      96,032

5.950%, 4/1/36

      100,000      100,261

6.125%, 5/15/37(l)

      115,000      108,963

6.500%, 5/15/57(l)

      115,000      110,113

Altria Group, Inc.

      

9.700%, 11/10/18

      400,000      491,851

10.200%, 2/6/39

      200,000      268,138

American Electric Power Co., Inc.

      

5.250%, 6/1/15

      100,000      106,916

American Express Co.

      

4.875%, 7/15/13

      600,000      632,855

8.125%, 5/20/19

      470,000      569,264

6.800%, 9/1/66(l)

      170,000      165,750

American International Group, Inc.

      

5.050%, 10/1/15

      100,000      92,868

5.600%, 10/18/16

      200,000      186,154

5.850%, 1/16/18

      1,100,000      1,022,083

Amgen, Inc.

      

6.400%, 2/1/39

      210,000      226,900

Anadarko Petroleum Corp.

      

6.450%, 9/15/36

      200,000      203,828

Anheuser-Busch Cos., Inc.

      

5.000%, 3/1/19

      100,000      100,566

6.450%, 9/1/37

      295,000      314,381

Anheuser-Busch InBev Worldwide, Inc.

      

6.875%, 11/15/19§

      4,500,000      5,166,869

Apache Corp.

      

6.250%, 4/15/12

      100,000      109,191

5.625%, 1/15/17

      225,000      247,162

Appalachian Power Co.

      

Series L

      

5.800%, 10/1/35

      100,000      96,557

ARAMARK Corp.

      

8.500%, 2/1/15

    $ 570,000    $ 582,825

Archer-Daniels-Midland Co.

      

5.375%, 9/15/35

      100,000      96,308

6.450%, 1/15/38

      125,000      138,920

Arizona Public Service Co.

      

5.500%, 9/1/35

      100,000      89,724

Associates Corp. of North America

      

6.950%, 11/1/18

      100,000      105,385

AT&T Mobility LLC

      

7.125%, 12/15/31

      295,000      326,630

AT&T, Inc.

      

6.250%, 3/15/11

      200,000      210,255

5.875%, 8/15/12

      200,000      218,614

5.100%, 9/15/14

      500,000      540,971

5.625%, 6/15/16

      100,000      109,632

5.500%, 2/1/18

      420,000      445,893

6.150%, 9/15/34

      700,000      691,513

6.550%, 2/15/39

      235,000      247,042

Atmos Energy Corp.

      

8.500%, 3/15/19

      350,000      429,403

Baltimore Gas & Electric Co.

      

5.900%, 10/1/16

      500,000      537,252

Banc of America Commercial Mortgage, Inc.

      

Series 2005-4 A5A

      

4.933%, 7/10/45

      1,000,000      978,633

Series 2006-6 A4

      

5.356%, 10/10/45

      1,400,000      1,421,034

Series 2007-1 A4

      

5.451%, 1/15/49

      1,280,000      1,233,950

Bank of America Corp.

      

5.375%, 8/15/11

      200,000      210,218

2.100%, 4/30/12

      1,300,000      1,323,940

4.875%, 9/15/12

      100,000      104,785

4.875%, 1/15/13

      300,000      314,005

4.750%, 8/1/15

      300,000      303,287

5.250%, 12/1/15

      400,000      406,057

7.000%, 6/15/16

    EUR 2,400,000      3,671,258

5.625%, 10/14/16

    $ 300,000      310,608

5.650%, 5/1/18

      1,300,000      1,315,171

Bank of America N.A.

      

5.300%, 3/15/17

      400,000      395,960

Bank of New York Mellon Corp.

      

5.125%, 8/27/13

      200,000      218,261

Bank of Tokyo-Mitsubishi UFJ Ltd./New York

      

7.400%, 6/15/11

      200,000      213,620

Bank One Corp.

      

5.250%, 1/30/13

      100,000      107,471

8.000%, 4/29/27

      100,000      116,690

Baxter International, Inc.

      

4.625%, 3/15/15

      100,000      106,888

5.375%, 6/1/18

      600,000      644,781

BB&T Corp.

      

4.750%, 10/1/12

      100,000      105,452

Bear Stearns Commercial Mortgage Securities, Inc.

      

Series 2006-PW11 A4

      

5.456%, 3/11/39(l)

      2,000,000      2,112,401

Bear Stearns Cos. LLC

      

5.700%, 11/15/14

      200,000      217,802

5.300%, 10/30/15

      100,000      106,459

4.650%, 7/2/18

      200,000      195,042

BellSouth Corp.

      

6.000%, 10/15/11

      500,000      535,180

5.200%, 9/15/14

      300,000      323,236

6.550%, 6/15/34

      100,000      101,858

 

See Notes to Portfolio of Investments.

280

EQ ADVISORS TRUST

EQ/GLOBAL BOND PLUS PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Principal
Amount		    Value
(Note 1)

Berkshire Hathaway Finance Corp.

      

4.850%, 1/15/15

    $ 200,000    $ 214,982

Black & Decker Corp.

      

4.750%, 11/1/14

      100,000      103,270

Boeing Co.

      

5.000%, 3/15/14

      425,000      460,082

Boston Properties, Inc.

      

5.000%, 6/1/15

      340,000      348,464

Bottling Group LLC

      

4.625%, 11/15/12

      200,000      214,717

Bristol-Myers Squibb Co.

      

5.250%, 8/15/13

      700,000      771,350

Burlington Northern Santa Fe Corp.

      

5.750%, 3/15/18

      200,000      214,084

Cadbury Schweppes U.S. Finance LLC

      

5.125%, 10/1/13§

      100,000      105,907

Campbell Soup Co.

      

4.875%, 10/1/13

      100,000      109,046

Capital One Capital III

      

7.686%, 8/15/36

      150,000      143,438

Capital One Capital IV

      

6.745%, 2/17/37(l)

      110,000      94,875

Capital One Financial Corp.

      

7.375%, 5/23/14

      300,000      342,820

5.250%, 2/21/17

      200,000      205,246

Caterpillar Financial Services Corp.

      

5.500%, 3/15/16

      200,000      217,194

7.150%, 2/15/19

      160,000      188,335

Caterpillar, Inc.

      

7.300%, 5/1/31

      100,000      118,786

6.050%, 8/15/36

      100,000      105,158

CBS Corp.

      

5.625%, 8/15/12

      200,000      215,742

5.500%, 5/15/33

      100,000      85,779

CEDC Finance Corp. International, Inc.

      

8.875%, 12/1/16

    EUR 650,000      930,598

Cemex Finance LLC

      

9.625%, 12/14/17

      585,000      813,842

CenterPoint Energy Resources Corp.

      

Series B

      

7.875%, 4/1/13

    $ 200,000      229,012

Charter One Bank N.A.

      

6.375%, 5/15/12(b)

      400,000      413,398

Chevron Corp.

      

3.450%, 3/3/12

      841,000      875,495

Chubb Corp.

      

6.000%, 5/11/37

      200,000      205,141

6.375%, 3/29/67(l)

      250,000      251,563

Cisco Systems, Inc.

      

5.500%, 2/22/16

      540,000      601,730

5.900%, 2/15/39

      420,000      426,407

Citibank Credit Card Issuance Trust

      

Series 2006-A4 A4

      

5.450%, 5/10/13

      2,200,000      2,309,322

Citigroup Commercial Mortgage Trust, Inc.

      

Series 2008-C7 A4

      

6.095%, 12/10/49(l)

      1,825,000      1,839,146

Citigroup Funding, Inc.

      

2.250%, 12/10/12

      5,000,000      5,081,150

Citigroup, Inc.

      

6.000%, 2/21/12

      100,000      106,060

5.250%, 2/27/12

      600,000      628,375

5.625%, 8/27/12

      100,000      104,826

5.500%, 10/15/14

      1,500,000      1,552,359

5.300%, 1/7/16

      1,000,000      1,018,717

5.850%, 8/2/16

    $ 200,000    $ 205,111

6.625%, 6/15/32

      200,000      186,896

5.875%, 2/22/33

      100,000      86,285

5.850%, 12/11/34

      295,000      267,863

5.875%, 5/29/37

      200,000      180,157

Coca-Cola Bottling Co. Consolidated

      

5.000%, 11/15/12

      100,000      106,567

Coca-Cola Enterprises, Inc.

      

7.375%, 3/3/14

      200,000      233,684

Comcast Cable Communications Holdings, Inc.

      

8.375%, 3/15/13

      100,000      115,914

9.455%, 11/15/22

      100,000      133,617

Comcast Corp.

      

5.300%, 1/15/14

      510,000      548,336

5.900%, 3/15/16

      200,000      218,478

6.500%, 1/15/17

      400,000      444,684

7.050%, 3/15/33

      310,000      333,382

6.500%, 11/15/35

      100,000      102,428

Comerica, Inc.

      

4.800%, 5/1/15

      100,000      100,226

Commonwealth Edison Co.

      

6.150%, 9/15/17

      600,000      663,077

Series 98

      

6.150%, 3/15/12

      100,000      108,315

ConAgra Foods, Inc.

      

6.750%, 9/15/11

      100,000      107,458

7.000%, 10/1/28

      100,000      109,076

ConocoPhillips

      

4.750%, 10/15/12

      200,000      215,291

4.600%, 1/15/15

      580,000      622,042

5.900%, 10/15/32

      100,000      103,681

ConocoPhillips Australia Funding Co.

      

5.500%, 4/15/13

      200,000      219,068

Consolidated Edison Co. of New York, Inc.

      

Series 02-B

      

4.875%, 2/1/13

      100,000      107,473

Series 05-C

      

5.375%, 12/15/15

      455,000      493,523

Series 08-A

      

5.850%, 4/1/18

      600,000      656,654

Costco Wholesale Corp.

      

5.500%, 3/15/17

      400,000      438,946

Countrywide Home Loans, Inc.

      

4.000%, 3/22/11

      300,000      308,421

COX Communications, Inc.

      

5.450%, 12/15/14

      200,000      216,189

5.500%, 10/1/15

      500,000      538,881

Credit Suisse FB USA, Inc.

      

5.125%, 1/15/14

      100,000      107,430

Credit Suisse USA, Inc.

      

6.125%, 11/15/11

      100,000      107,430

6.500%, 1/15/12

      200,000      217,453

5.850%, 8/16/16

      200,000      216,431

7.125%, 7/15/32

      300,000      351,830

CRH America, Inc.

      

6.000%, 9/30/16

      300,000      322,343

CS First Boston Mortgage Securities Corp.

      

Series 2001-CK1 C

      

6.730%, 12/18/35

      1,175,000      1,181,695

CSX Corp.

      

6.750%, 3/15/11

      100,000      105,202

7.375%, 2/1/19

      275,000      320,454

CVS Caremark Corp.

      

6.250%, 6/1/27

      400,000      415,377

 

See Notes to Portfolio of Investments.

281

EQ ADVISORS TRUST

EQ/GLOBAL BOND PLUS PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Principal
Amount		    Value
(Note 1)

CW Capital Cobalt Ltd.

      

Series 2007-C3 A4

      

5.820%, 5/15/46(l)

    $ 1,205,000    $ 1,064,423

Daimler Finance N.A. LLC

      

4.875%, 6/15/10

      1,320,000      1,329,439

5.875%, 3/15/11

      900,000      936,348

7.300%, 1/15/12

      200,000      217,778

6.500%, 11/15/13

      300,000      332,592

Deere & Co.

      

6.950%, 4/25/14

      300,000      346,633

8.100%, 5/15/30

      300,000      380,417

Dell, Inc.

      

5.875%, 6/15/19

      500,000      541,075

Deutsche Bank Financial LLC

      

5.375%, 3/2/15

      100,000      106,156

Devon Energy Corp.

      

7.950%, 4/15/32

      200,000      251,336

Dominion Resources, Inc.

      

5.700%, 9/17/12

      100,000      108,358

8.875%, 1/15/19

      637,000      803,626

Series A

      

5.000%, 12/1/14

      300,000      319,685

Dow Chemical Co.

      

6.000%, 10/1/12

      200,000      217,715

7.600%, 5/15/14

      1,325,000      1,512,609

8.550%, 5/15/19

      170,000      205,656

DTE Energy Co.

      

6.350%, 6/1/16

      340,000      367,575

Duke Energy Carolinas LLC

      

Series C

      

7.000%, 11/15/18

      224,000      263,886

Duke Energy Corp.

      

6.250%, 1/15/12

      700,000      759,631

5.050%, 9/15/19

      835,000      844,792

E.I. du Pont de Nemours & Co.

      

5.250%, 12/15/16

      400,000      431,648

Eli Lilly and Co.

      

6.000%, 3/15/12

      200,000      218,776

5.200%, 3/15/17

      600,000      645,718

Embarq Corp.

      

7.082%, 6/1/16

      100,000      108,915

Emerson Electric Co.

      

6.000%, 8/15/32

      100,000      104,795

Enterprise Products Operating LLC

      

5.600%, 10/15/14

      3,220,000      3,485,273

EOG Resources, Inc.

      

5.625%, 6/1/19

      75,000      80,494

ERP Operating LP

      

5.250%, 9/15/14

      255,000      266,996

Exelon Corp.

      

4.900%, 6/15/15

      200,000      208,447

5.625%, 6/15/35

      445,000      413,242

Federal Farm Credit Bank

      

4.875%, 1/17/17

      1,020,000      1,105,238

Federal Home Loan Bank

      

4.000%, 9/6/13

      2,000,000      2,130,814

3.625%, 10/18/13

      2,700,000      2,851,635

5.250%, 6/5/17

      3,800,000      4,186,417

Federal Home Loan Mortgage Corp.

      

2.750%, 4/11/11

      10,900,000      11,137,881

3.875%, 6/29/11

      2,500,000      2,597,598

5.125%, 7/15/12

      8,300,000      9,002,388

2.125%, 9/21/12

      5,000,000      5,078,510

4.875%, 11/15/13

      4,100,000      4,499,418

5.000%, 7/1/20

      565,568      602,507

5.000%, 10/1/20

    $ 317,375    $ 337,905

5.500%, 5/1/21

      490,491      528,045

5.500%, 5/1/22

      372,831      401,842

6.750%, 9/15/29

      300,000      358,960

6.250%, 7/15/32

      700,000      810,209

6.000%, 9/1/34

      2,012,545      2,181,410

6.000%, 5/1/35

      1,688,414      1,830,082

4.500%, 10/1/35

      3,160,165      3,195,346

6.500%, 8/1/36

      3,435,312      3,743,685

7.000%, 10/1/37

      537,966      595,125

6.500%, 2/1/38

      1,010,317      1,098,561

6.500%, 6/1/38

      20,242      21,995

5.000%, 8/1/38

      8,101,168      8,372,684

6.500%, 9/1/38

      255,328      277,689

5.500%, 12/1/38

      6,254,764      6,606,839

6.500%, 1/1/39

      391,657      425,590

5.500%, 5/1/39

      11,695,120      12,353,427

6.000%, 4/15/40 TBA

      8,000,000      8,581,249

Federal National Mortgage Association

      

5.125%, 4/15/11

      2,700,000      2,828,839

5.375%, 11/15/11

      1,900,000      2,034,896

4.625%, 10/15/14

      1,000,000      1,086,075

2.625%, 11/20/14

      2,500,000      2,500,160

5.000%, 4/15/15

      900,000      991,739

4.375%, 10/15/15

      100,000      106,699

5.375%, 6/12/17

      4,300,000      4,761,467

4.500%, 3/1/18

      3,892,852      4,099,507

5.500%, 10/1/19

      255,310      275,017

4.500%, 6/1/23

      4,038,462      4,192,270

5.000%, 9/1/23

      4,767,268      5,031,330

6.000%, 10/1/23

      1,322,799      1,427,124

5.500%, 1/1/24

      2,189,327      2,340,869

4.000%, 4/1/24

      3,227,576      3,279,394

4.000%, 5/1/24

      2,792,980      2,837,821

4.500%, 9/1/24

      2,574,798      2,672,861

6.250%, 5/15/29

      600,000      677,894

5.500%, 3/1/33

      4,665,224      4,943,680

5.000%, 3/1/34

      8,283,200      8,593,650

5.000%, 5/1/34

      1,542,615      1,599,077

5.500%, 9/1/34

      5,682,270      6,015,216

5.500%, 11/1/34

      9,397,143      9,933,075

5.500%, 12/1/34

      1,502,857      1,588,567

5.500%, 7/1/35

      3,881,478      4,099,204

5.000%, 9/1/35

      3,426,720      3,555,356

5.000%, 10/1/35

      8,519,788      8,812,989

5.500%, 6/1/36

      10,522,032      11,150,067

5.000%, 12/1/36

      1,230,810      1,271,629

6.000%, 7/1/37

      5,401,241      5,724,682

6.500%, 8/1/37

      4,303,811      4,679,554

6.500%, 9/1/38

      2,155,299      2,324,608

5.500%, 11/1/38

      5,315,085      5,596,618

4.500%, 3/1/39

      9,578,896      9,609,953

5.000%, 3/1/39

      6,271,360      6,471,505

4.500%, 6/1/39

      6,784,327      6,806,323

4.000%, 7/1/39

      3,441,100      3,340,958

4.500%, 7/1/39

      16,854,126      16,911,852

4.000%, 8/1/39

      7,177,444      6,973,844

4.500%, 8/1/39

      6,358,727      6,379,343

4.000%, 9/1/39

      2,169,280      2,106,151

4.500%, 12/1/39

      6,156,505      6,176,465

4.500%, 4/1/40

      5,200,000      5,216,859

5.500%, 4/25/25 TBA

      15,000,000      16,033,593

5.000%, 4/25/40 TBA

      16,400,000      16,913,781

4.500%, 5/25/40 TBA

      10,100,000      10,082,247

5.000%, 5/25/40 TBA

      8,500,000      8,730,761

 

See Notes to Portfolio of Investments.

282

EQ ADVISORS TRUST

EQ/GLOBAL BOND PLUS PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Principal
Amount		    Value
(Note 1)

5.500%, 6/25/40 TBA

    $ 10,900,000    $ 11,423,711

6.000%, 6/25/40 TBA

      24,400,000      25,933,579

FIA Card Services N.A.

      

7.125%, 11/15/12§

      100,000      109,571

Financing Corp. Fico

      

9.800%, 4/6/18

      400,000      537,097

First Union National Bank-Bank of America Commercial Mortgage Trust

      

Series 2001-C1 A2

      

6.136%, 3/15/33

      1,367,526      1,391,719

FirstEnergy Corp.

      

Series C

      

7.375%, 11/15/31

      700,000      724,419

Florida Power & Light Co.

      

4.850%, 2/1/13

      100,000      107,462

5.950%, 10/1/33

      100,000      102,208

5.850%, 5/1/37

      170,000      171,912

Florida Power Corp.

      

5.900%, 3/1/33

      200,000      203,345

Ford Credit Auto Owner Trust

      

Series 2007-B A4A

      

5.240%, 7/15/12

      2,500,000      2,615,506

Fortune Brands, Inc.

      

5.375%, 1/15/16

      400,000      416,741

Genentech, Inc.

      

5.250%, 7/15/35

      100,000      93,749

General Dynamics Corp.

      

4.250%, 5/15/13

      100,000      106,811

General Electric Capital Corp.

      

5.500%, 4/28/11

      200,000      209,883

6.000%, 6/15/12

      100,000      108,382

7.625%, 12/10/14

    NZD 2,000,000      1,500,922

4.875%, 3/4/15

    $ 300,000      315,247

5.000%, 1/8/16

      100,000      104,877

5.400%, 2/15/17

      300,000      313,838

5.625%, 9/15/17

      1,100,000      1,158,222

6.750%, 3/15/32

      600,000      634,788

6.150%, 8/7/37

      500,000      488,953

6.375%, 11/15/67(l)

      575,000      539,781

General Electric Co.

      

5.000%, 2/1/13

      700,000      754,581

General Mills, Inc.

      

6.000%, 2/15/12

      735,000      799,706

Genworth Financial, Inc.

      

6.500%, 6/15/34

      100,000      86,866

Georgia Power Co.

      

5.950%, 2/1/39

      205,000      211,394

Series K

      

5.125%, 11/15/12

      100,000      108,503

GlaxoSmithKline Capital, Inc.

      

5.650%, 5/15/18

      700,000      760,090

5.375%, 4/15/34

      295,000      286,287

Golden West Financial Corp.

      

4.750%, 10/1/12

      100,000      105,057

Goldman Sachs Capital II

      

5.793%, 12/29/49(l)

      325,000      275,438

Goldman Sachs Group, Inc.

      

6.600%, 1/15/12

      100,000      108,505

5.250%, 10/15/13

      500,000      537,463

5.125%, 1/15/15

      400,000      421,929

5.350%, 1/15/16

      400,000      421,369

5.750%, 10/1/16

      600,000      641,369

5.625%, 1/15/17

      900,000      922,234

6.125%, 2/15/33

      300,000      296,519

6.750%, 10/1/37

      500,000      499,372

Goodrich Corp.

      

6.800%, 7/1/36

    $ 100,000    $ 109,369

Government National Mortgage Association

      

5.500%, 2/15/36

      4,353,869      4,629,387

5.500%, 4/15/40 TBA

      3,500,000      3,700,430

6.000%, 4/15/40 TBA

      8,900,000      9,504,921

Greenwich Capital Commercial Funding Corp.

      

Series 2005-GG5 A5

      

5.224%, 4/10/37(l)

      2,105,000      2,109,997

GTE Corp.

      

6.840%, 4/15/18

      100,000      110,419

H.J. Heinz Finance Co.

      

6.000%, 3/15/12

      100,000      108,097

Hartford Financial Services Group, Inc.

      

4.750%, 3/1/14

      100,000      103,347

HCP, Inc.

      

6.000%, 1/30/17

      255,000      253,996

Hess Corp.

      

7.300%, 8/15/31

      100,000      113,949

Hewlett-Packard Co.

      

6.500%, 7/1/12

      200,000      221,313

5.500%, 3/1/18

      600,000      652,049

Historic TW, Inc.

      

6.875%, 6/15/18

      100,000      112,947

Home Depot, Inc.

      

5.250%, 12/16/13

      100,000      108,286

5.400%, 3/1/16

      500,000      540,299

Honeywell International, Inc.

      

6.125%, 11/1/11

      100,000      108,138

5.400%, 3/15/16

      400,000      441,032

5.300%, 3/1/18

      470,000      500,602

Hospitality Properties Trust

      

6.300%, 6/15/16

      257,000      252,952

HSBC Bank USA/New York

      

4.625%, 4/1/14

      400,000      417,354

5.875%, 11/1/34

      400,000      388,101

HSBC Finance Corp.

      

7.000%, 5/15/12

      200,000      218,106

5.250%, 4/15/15

      200,000      209,948

International Business Machines Corp.

      

4.750%, 11/29/12

      725,000      784,342

5.875%, 11/29/32

      600,000      627,294

International Paper Co.

      

7.500%, 8/15/21

      1,075,000      1,221,538

Iron Mountain, Inc.

      

7.250%, 4/15/14

    GBP 601,000      912,018

6.750%, 10/15/18

    EUR 708,000      941,916

Jefferies Group, Inc.

      

6.250%, 1/15/36

    $ 100,000      85,117

Johnson & Johnson

      

4.950%, 5/15/33

      400,000      385,578

Johnson Controls, Inc.

      

4.875%, 9/15/13

      100,000      106,295

JP Morgan Chase Commercial Mortgage Securities Corp.

      

Series 2001-CIB3 A3

      

6.465%, 11/15/35

      1,958,000      2,050,294

Series 2001-CIBC B

      

6.446%, 3/15/33

      2,000,000      2,010,235

Series 2006-LDP7 A4

      

5.874%, 4/15/45(l)

      1,200,000      1,279,470

Series 2007-CB18 AM

      

5.466%, 6/12/47(l)

      235,000      172,106

JPMorgan Chase & Co.

      

6.625%, 3/15/12

      400,000      434,832

 

See Notes to Portfolio of Investments.

283

EQ ADVISORS TRUST

EQ/GLOBAL BOND PLUS PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Principal
Amount		    Value
(Note 1)

3.700%, 1/20/15

    $ 500,000    $ 503,080

4.750%, 3/1/15

      100,000      105,035

5.150%, 10/1/15

      300,000      316,599

JPMorgan Chase Bank N.A.

      

6.000%, 7/5/17

      925,000      985,984

6.000%, 10/1/17

      600,000      639,697

Series AI

      

5.875%, 6/13/16(b)

      300,000      322,745

Kellogg Co.

      

7.450%, 4/1/31

      100,000      121,681

KeyBank N.A.

      

5.700%, 8/15/12

      100,000      105,043

5.800%, 7/1/14

      100,000      102,274

Kimberly-Clark Corp.

      

5.625%, 2/15/12

      200,000      216,272

4.875%, 8/15/15

      600,000      646,582

6.625%, 8/1/37

      370,000      422,138

Kinder Morgan Energy Partners LP

      

6.750%, 3/15/11

      100,000      105,067

5.000%, 12/15/13

      800,000      857,666

6.850%, 2/15/20

      800,000      897,460

5.800%, 3/15/35

      100,000      93,987

Kraft Foods, Inc.

      

5.625%, 11/1/11

      300,000      318,630

6.000%, 2/11/13

      200,000      219,511

6.500%, 11/1/31

      200,000      205,867

7.000%, 8/11/37

      235,000      257,933

6.875%, 2/1/38

      300,000      324,549

Kroger Co.

      

6.200%, 6/15/12

      100,000      108,559

7.500%, 4/1/31

      100,000      116,708

LB-UBS Commercial Mortgage Trust

      

Series 2003-C8 A4

      

5.124%, 11/15/32(l)

      1,500,000      1,568,851

Lincoln National Corp.

      

6.150%, 4/7/36

      300,000      286,185

Lockheed Martin Corp.

      

7.650%, 5/1/16

      200,000      240,694

Series B

      

6.150%, 9/1/36

      100,000      105,815

Lubrizol Corp.

      

5.500%, 10/1/14

      100,000      108,409

M&I Marshall & llsley Bank

      

5.250%, 9/4/12

      100,000      99,565

Marathon Oil Corp.

      

6.600%, 10/1/37

      255,000      267,682

Marsh & McLennan Cos., Inc.

      

9.250%, 4/15/19

      205,000      255,294

McDonald’s Corp.

      

4.250%, 6/10/16

    EUR 1,100,000      1,571,883

5.350%, 3/1/18

    $ 200,000      216,889

5.700%, 2/1/39

      275,000      273,817

Mellon Funding Corp.

      

6.400%, 5/14/11

      100,000      105,727

5.000%, 12/1/14

      100,000      107,390

Merck & Co., Inc.

      

5.300%, 12/1/13

      600,000      666,507

4.750%, 3/1/15

      300,000      324,450

5.950%, 12/1/28

      200,000      206,531

MetLife, Inc.

      

6.125%, 12/1/11

      300,000      320,958

5.500%, 6/15/14

      100,000      106,501

6.400%, 12/15/36

      300,000      268,500

Series A

      

6.817%, 8/15/18

      480,000      532,463

Metropolitan Edison Co.

      

4.875%, 4/1/14

    $ 100,000    $ 104,846

Metropolitan Life Global Funding I

      

5.125%, 6/10/14§

      390,000      413,083

Metropolitan Transportation Authority

      

7.336%, 11/15/39

      170,000      192,780

Microsoft Corp.

      

2.950%, 6/1/14

      335,000      340,109

MidAmerican Energy Co.

      

5.800%, 10/15/36

      200,000      199,539

MidAmerican Energy Holdings Co.

      

5.875%, 10/1/12

      300,000      327,491

5.750%, 4/1/18

      600,000      634,057

Morgan Stanley

      

6.600%, 4/1/12

      300,000      325,491

5.300%, 3/1/13

      300,000      319,271

4.750%, 4/1/14

      300,000      306,323

5.450%, 1/9/17

      1,000,000      1,013,906

7.300%, 5/13/19

      1,000,000      1,104,808

7.250%, 4/1/32

      200,000      227,641

Morgan Stanley Capital I, Inc.

      

Series 2007-IQ14 A4

      

5.692%, 4/15/49(l)

      1,205,000      1,105,410

Nabors Industries, Inc.

      

6.150%, 2/15/18

      360,000      383,511

National City Corp.

      

4.900%, 1/15/15

      200,000      208,912

National Rural Utilities Cooperative Finance Corp.

      

4.750%, 3/1/14

      200,000      213,098

5.450%, 4/10/17

      400,000      425,523

8.000%, 3/1/32

      100,000      119,139

Nationwide Financial Services, Inc.

      

6.750%, 5/15/37

      60,000      50,488

New Cingular Wireless Services, Inc.

      

8.750%, 3/1/31

      200,000      258,242

New Jersey State Turnpike Authority

      

7.414%, 1/1/40

      1,249,000      1,454,373

Newmont Mining Corp.

      

5.875%, 4/1/35

      100,000      96,264

News America Holdings, Inc.

      

8.000%, 10/17/16

      650,000      762,429

News America, Inc.

      

5.300%, 12/15/14

      300,000      328,716

7.280%, 6/30/28

      100,000      107,384

6.200%, 12/15/34

      200,000      199,476

Norfolk Southern Corp.

      

5.900%, 6/15/19

      275,000      297,123

Northern States Power Co.

      

Series B

      

8.000%, 8/28/12

      510,000      583,621

Northrop Grumman Systems Corp.

      

7.750%, 2/15/31

      100,000      122,552

Occidental Petroleum Corp.

      

6.750%, 1/15/12

      100,000      109,305

7.000%, 11/1/13

      200,000      231,669

Ohio Power Co.

      

Series G

      

6.600%, 2/15/33

      325,000      346,236

Omnicom Group, Inc.

      

5.900%, 4/15/16

      100,000      108,225

Oncor Electric Delivery Co. LLC

      

6.375%, 1/15/15

      300,000      331,905

ONEOK Partners LP

      

8.625%, 3/1/19

      550,000      679,165

 

See Notes to Portfolio of Investments.

284

EQ ADVISORS TRUST

EQ/GLOBAL BOND PLUS PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Principal
Amount		    Value
(Note 1)

Oracle Corp.

      

3.750%, 7/8/14

    $ 750,000    $ 782,664

5.250%, 1/15/16

      400,000      440,656

5.750%, 4/15/18

      120,000      131,617

Pacific Gas & Electric Co.

      

4.800%, 3/1/14

      300,000      321,914

5.800%, 3/1/37

      310,000      307,601

Pemex Project Funding Master Trust

      

6.625%, 6/15/35

      625,000      615,741

Pepco Holdings, Inc.

      

6.450%, 8/15/12

      100,000      107,147

Pepsi Bottling Group, Inc.

      

Series B

      

7.000%, 3/1/29

      100,000      117,878

PepsiCo, Inc.

      

7.900%, 11/1/18

      400,000      495,421

Pfizer, Inc.

      

5.350%, 3/15/15

      1,425,000      1,570,143

4.750%, 6/3/16

    EUR 1,800,000      2,652,066

4.650%, 3/1/18

    $ 100,000      102,333

7.200%, 3/15/39

      395,000      481,737

Pharmacia Corp.

      

6.600%, 12/1/28

      100,000      112,470

Philip Morris International, Inc.

      

5.650%, 5/16/18

      200,000      215,334

6.375%, 5/16/38

      100,000      108,801

Pitney Bowes, Inc.

      

4.750%, 1/15/16

      100,000      105,455

4.750%, 5/15/18

      100,000      100,934

Plains All American Pipeline LP

      

6.500%, 5/1/18

      210,000      228,806

PNC Funding Corp.

      

5.250%, 11/15/15

      200,000      210,243

Port Authority of New York & New Jersey

      

6.040%, 12/1/29

      375,000      383,734

Praxair, Inc.

      

3.950%, 6/1/13

      100,000      105,183

Pregis Corp.

      

5.684%, 4/15/13(l)

    EUR 600,000      745,559

Principal Life Global Funding l

      

6.250%, 2/15/12§

    $ 100,000      106,939

Procter & Gamble Co.

      

4.500%, 5/12/14

    EUR 1,500,000      2,185,170

4.850%, 12/15/15

    $ 100,000      109,648

5.125%, 10/24/17

    EUR 1,500,000      2,254,031

5.800%, 8/15/34

    $ 300,000      313,214

Progress Energy, Inc.

      

7.750%, 3/1/31

      100,000      117,922

Progressive Corp.

      

6.700%, 6/15/37(l)

      220,000      216,011

Prudential Financial, Inc.

      

5.100%, 12/14/11

      400,000      419,963

5.100%, 9/20/14

      200,000      211,246

PSEG Power LLC

      

5.500%, 12/1/15

      625,000      674,929

Qwest Corp.

      

8.375%, 5/1/16

      710,000      798,750

R.R. Donnelley & Sons Co.

      

4.950%, 4/1/14

      100,000      100,502

6.125%, 1/15/17

      425,000      426,644

Raytheon Co.

      

7.000%, 11/1/28

      100,000      115,174

Regions Bank/Alabama

      

3.250%, 12/9/11

      1,900,000      1,970,674

Regions Financial Corp.

      

6.375%, 5/15/12

    $ 700,000    $ 702,160

Rockwood Specialties Group, Inc.

      

7.625%, 11/15/14

    EUR 1,080,000      1,480,583

Safeway, Inc.

      

5.625%, 8/15/14

    $ 100,000      109,187

Sara Lee Corp.

      

6.250%, 9/15/11

      100,000      106,259

Sempra Energy

      

6.000%, 10/15/39

      420,000      412,189

Simon Property Group LP

      

6.100%, 5/1/16

      200,000      210,548

SLM Corp.

      

6.500%, 6/15/10

    NZD 795,000      564,837

5.375%, 5/15/14

    $ 600,000      568,314

Southern California Edison Co.

      

6.000%, 1/15/34

      355,000      370,299

Southern Power Co.

      

Series B

      

6.250%, 7/15/12

      100,000      109,346

Southwest Airlines Co.

      

5.125%, 3/1/17

      100,000      97,343

Sovereign Bank

      

5.125%, 3/15/13

      100,000      102,504

Spectra Energy Capital LLC

      

7.500%, 9/15/38

      170,000      192,760

State of California

      

7.550%, 4/1/39

      340,000      351,516

State of Illinois

      

5.100%, 6/1/33

      1,185,000      971,487

State Street Bank and Trust Co.

      

5.300%, 1/15/16

      100,000      108,237

8.250%, 3/15/42(l)

      110,000      113,852

SunTrust Banks, Inc./Georgia

      

5.200%, 1/17/17

      100,000      95,947

5.450%, 12/1/17

      100,000      96,757

Sysco Corp.

      

5.375%, 9/21/35

      100,000      98,027

Target Corp.

      

7.000%, 7/15/31

      100,000      112,658

6.350%, 11/1/32

      100,000      106,322

6.500%, 10/15/37

      300,000      326,472

Tennessee Valley Authority

      

4.500%, 4/1/18

      550,000      567,385

Series B

      

4.700%, 7/15/33

      300,000      275,128

Series E

      

6.250%, 12/15/17

      100,000      115,387

Teva Pharmaceutical Finance LLC

      

6.150%, 2/1/36

      100,000      103,730

TIAA Global Markets, Inc.

      

4.950%, 7/15/13§

      500,000      536,810

Time Warner Cable, Inc.

      

6.200%, 7/1/13

      1,245,000      1,373,849

8.250%, 4/1/19

      1,970,000      2,383,873

Time Warner, Inc.

      

6.875%, 5/1/12

      1,610,000      1,770,928

7.625%, 4/15/31

      600,000      685,272

7.700%, 5/1/32

      700,000      807,920

Toll Brothers Finance Corp.

      

6.875%, 11/15/12

      8,000      8,601

Travelers Cos., Inc.

      

5.750%, 12/15/17

      300,000      325,722

6.250%, 3/15/37(l)

      250,000      246,089

 

See Notes to Portfolio of Investments.

285

EQ ADVISORS TRUST

EQ/GLOBAL BOND PLUS PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Principal
Amount		    Value
(Note 1)

Travelers Property Casualty Corp.

      

6.375%, 3/15/33

    $ 100,000    $ 105,020

U.S. Bank N.A./Ohio

      

6.375%, 8/1/11

      200,000      212,953

4.950%, 10/30/14

      100,000      106,459

4.800%, 4/15/15

      100,000      106,343

U.S. Treasury Bonds

      

8.125%, 8/15/19

      1,200,000      1,613,626

8.500%, 2/15/20

      1,300,000      1,798,063

8.000%, 11/15/21

      2,100,000      2,861,250

6.250%, 8/15/23

      6,900,000      8,291,860

6.375%, 8/15/27

      5,700,000      7,002,985

5.375%, 2/15/31

      780,000      862,875

4.500%, 2/15/36

      2,100,000      2,051,110

5.000%, 5/15/37

      200,000      210,594

4.375%, 2/15/38

      1,200,000      1,141,126

4.500%, 5/15/38

      3,100,000      3,007,484

3.500%, 2/15/39

      1,500,000      1,213,829

4.250%, 5/15/39

      2,770,000      2,566,577

4.500%, 8/15/39

      4,550,000      4,393,593

4.375%, 11/15/39

      3,375,000      3,191,483

U.S. Treasury Notes

      

0.875%, 2/28/11

      2,500,000      2,510,255

0.875%, 5/31/11

      4,500,000      4,519,337

1.000%, 7/31/11

      13,000,000      13,067,028

4.500%, 9/30/11

      12,800,000      13,519,002

0.875%, 2/29/12

      6,005,000      5,992,569

4.625%, 2/29/12

      11,100,000      11,874,402

1.375%, 5/15/12

      4,000,000      4,024,688

4.750%, 5/31/12

      2,800,000      3,018,095

1.875%, 6/15/12

      4,895,000      4,974,926

1.375%, 9/15/12

      13,870,000      13,900,347

4.250%, 9/30/12

      2,100,000      2,253,071

3.875%, 10/31/12

      2,700,000      2,873,813

1.125%, 12/15/12

      7,000,000      6,939,296

3.625%, 12/31/12

      2,300,000      2,435,843

1.375%, 2/15/13

      16,810,000      16,731,194

2.750%, 2/28/13

      5,450,000      5,640,325

1.500%, 12/31/13

      5,500,000      5,398,591

1.875%, 4/30/14

      16,345,000      16,147,077

2.375%, 8/31/14

      288,000      288,675

2.375%, 10/31/14

      1,725,000      1,722,709

2.125%, 11/30/14

      8,000,000      7,895,000

4.000%, 2/15/15

      1,100,000      1,177,688

2.375%, 2/28/15

      9,975,000      9,906,472

2.500%, 3/31/15

      3,000,000      2,991,570

4.125%, 5/15/15

      1,200,000      1,290,563

2.625%, 4/30/16

      3,095,000      3,029,955

4.875%, 8/15/16

      1,400,000      1,551,484

4.625%, 2/15/17

      2,400,000      2,615,062

3.000%, 2/28/17

      1,440,000      1,417,388

4.500%, 5/15/17

      4,300,000      4,642,658

4.250%, 11/15/17

      9,630,000      10,186,730

4.000%, 8/15/18

      3,500,000      3,605,273

2.750%, 2/15/19

      10,200,000      9,467,671

3.625%, 8/15/19

      7,745,000      7,650,604

3.375%, 11/15/19

      12,380,000      11,945,734

UBS Preferred Funding Trust I

      

8.622%, 10/29/49(l)

      275,000      272,300

UBS Preferred Funding Trust V

      

Series 1

      

6.243%, 5/29/49(l)

      150,000      135,000

Unilever Capital Corp.

      

5.900%, 11/15/32

      200,000      209,284

Union Pacific Corp.

      

6.150%, 5/1/37

    $ 125,000    $ 129,192

Union Planters Corp.

      

4.375%, 12/1/10

      100,000      100,502

UnionBanCal Corp.

      

5.250%, 12/16/13

      100,000      107,014

United Parcel Service, Inc.

      

5.500%, 1/15/18

      170,000      185,990

8.375%, 4/1/30(e)

      100,000      127,445

United Technologies Corp.

      

4.875%, 5/1/15

      400,000      433,887

6.125%, 2/1/19

      287,000      322,809

UnitedHealth Group, Inc.

      

5.375%, 3/15/16

      200,000      210,799

5.800%, 3/15/36

      400,000      374,587

USB Capital IX

      

6.189%, 10/29/49(l)

      275,000      235,125

Valero Energy Corp.

      

6.875%, 4/15/12

      200,000      216,735

6.625%, 6/15/37

      300,000      285,317

Verizon Communications, Inc.

      

6.875%, 6/15/12

      200,000      222,286

7.375%, 9/1/12

      300,000      339,727

4.375%, 6/1/13

      200,000      212,364

4.900%, 9/15/15

      300,000      322,024

7.750%, 12/1/30

      900,000      1,070,929

5.850%, 9/15/35

      100,000      97,327

7.350%, 4/1/39

      100,000      115,883

Viacom, Inc.

      

6.250%, 4/30/16

      300,000      331,442

6.875%, 4/30/36

      100,000      106,019

Virginia Electric & Power Co.

      

Series A

      

5.400%, 1/15/16

      100,000      107,630

5.950%, 9/15/17

      700,000      764,349

Wachovia Bank Commercial Mortgage Trust

      

Series 2004-C11 A5

      

5.215%, 1/15/41(l)

      3,500,000      3,565,820

Series 2007-C32 A2

      

5.735%, 6/15/49(l)

      2,375,000      2,453,677

Series 2007-C33 A4

      

5.902%, 2/15/51(l)

      1,130,000      1,053,718

Wachovia Bank N.A.

      

5.600%, 3/15/16

      400,000      419,476

6.600%, 1/15/38

      800,000      823,098

Wachovia Capital Trust III

      

5.800%, 3/29/49(l)

      525,000      444,938

Wachovia Corp.

      

4.875%, 2/15/14

      100,000      103,597

Wal-Mart Stores, Inc.

      

5.000%, 4/5/12

      1,000,000      1,072,570

4.750%, 1/29/13

    GBP 255,000      412,735

7.550%, 2/15/30

    $ 100,000      123,597

5.250%, 9/1/35

      400,000      382,166

Walt Disney Co.

      

6.375%, 3/1/12

      100,000      109,592

Waste Management, Inc.

      

6.375%, 11/15/12

      100,000      110,801

7.375%, 3/11/19

      283,000      328,049

7.000%, 7/15/28

      100,000      107,521

WellPoint, Inc.

      

5.250%, 1/15/16

      200,000      210,851

5.950%, 12/15/34

      100,000      97,839

Wells Fargo & Co.

      

5.125%, 9/15/16

      100,000      103,777

 

See Notes to Portfolio of Investments.

286

EQ ADVISORS TRUST

EQ/GLOBAL BOND PLUS PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Principal
Amount		     Value
(Note 1)		  

5.375%, 2/7/35

    $ 200,000      $ 185,929   

Wells Fargo Capital X

     

5.950%, 12/15/36

      525,000        481,339   

Wells Fargo Capital XIII

     

7.700%, 12/29/49(l)

      625,000        645,313   

Wyeth

     

5.500%, 2/1/14

      400,000        441,261   

5.500%, 2/15/16

      200,000        223,101   

6.500%, 2/1/34

      100,000        111,466   

XCEL Energy, Inc.

     

6.500%, 7/1/36

      100,000        105,637   

XTO Energy, Inc.

     

5.300%, 6/30/15

      100,000        109,765   

5.650%, 4/1/16

      100,000        110,716   

6.500%, 12/15/18

      100,000        115,415   

6.375%, 6/15/38

      300,000        335,961   

Yum! Brands, Inc.

     

8.875%, 4/15/11

      100,000        107,249   
          

Total United States

        862,877,554   
          

Total Long Term Debt Securities (100.5%)
(Cost $1,247,384,318)

        1,264,567,610   
          
     Principal
Amount		     Value
(Note 1)		  

SHORT-TERM INVESTMENT:

     

Time Deposit (10.0%)

     

JPMorgan Chase Nassau

     

0.000%, 4/1/10

     

(Amortized Cost $125,652,964)

    $ 125,652,964      $ 125,652,964   
          

Total Investments Before Securities Sold Short (110.5%)
(Cost/Amortized Cost $1,373,037,282)

        1,390,220,574   
          
     Principal
Amount		     Value
(Note 1)		  

SECURITIES SOLD SHORT:

     

U.S. Government Agency (-2.5%)

     

Federal National Mortgage Association

     

4.500%, 4/25/40 TBA

    $ (10,100,000 )    $ (10,118,938 ) 

6.000%, 4/25/40 TBA

      (8,900,000 )      (9,452,078 ) 

5.500%, 5/25/40 TBA

      (10,900,000 )      (11,440,742 ) 
          

Total Securities Sold Short (-2.5%)
(Proceeds Received $31,050,984)

        (31,011,758 ) 
          

Total Investments after Securities Sold Short (108.0%)
(Cost/Amortized Cost $1,341,986,298)

      1,359,208,816     

Other Assets Less Liabilities (-8.0%)

        (101,159,373 ) 
          

Net Assets (100%)

      $ 1,258,049,443   
          

 

§ Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may only be resold to qualified institutional buyers. At March 31, 2010, the market value of these securities amounted to $9,840,277 or 0.8% of net assets. Securities denoted with “§” but without “b” have been determined to be liquid under the guidelines established by the Board of Trustees. To the extent any securities might provide a right to demand registration, such rights have not been relied upon when determining liquidity.

 

(b) Illiquid Security.

 

(e) Step Bond - Coupon rate increases in increments to maturity. Rate disclosed is as of March 31, 2010. Maturity date disclosed is the ultimate maturity date.

 

(l) Floating Rate Security. Rate disclosed is as of March 31, 2010.

 

(m) Regulation S is an exemption for securities offerings that are made outside of the United States and do not involve direct selling efforts in the United States. Resale restrictions may apply for purposes of the Securities Act of 1933.

Glossary:

AUD — Australian Dollar

BRL — Brazilian Real

DKK — Denmark Krone

EUR — European Currency Unit

GBP — British Pound

HUF — Hungary Forint

KRW — Korean Won

MXN — Mexican Peso

MYR — Malaysian Ringgit

NOK — Norwegian Krone

NZD — New Zealand Dollar

PLN — Polish Zloty

SEK — Swedish Krona

TBA — Security is subject to delayed delivery.

 

See Notes to Portfolio of Investments.

287

EQ ADVISORS TRUST

EQ/GLOBAL BOND PLUS PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

At March 31, 2010 the Portfolio had outstanding foreign currency contracts to buy/sell foreign currencies as follows: (Note 1)

 

Buy Currency vs. Sell Currency

    Local
Contract Buy
Amount
(000’s)		    Local
Contract Sell
Amount
(000’s)		    U.S. $
Buy
Value		    U.S. $
Sell
Value		    Unrealized
Appreciation/
(Depreciation)		  

European Union Euro vs. Australian Dollar, expiring 5/28/10

    7,897    11,880    $ 10,665,784    $ 10,836,263    $ (170,479 ) 

European Union Euro vs. Japanese Yen, expiring 4/6/10

    28,155    3,500,000      38,027,197      37,437,365      589,832   

Japanese Yen vs. Australian Dollar, expiring 6/25/10

    1,720,000    21,037      18,406,302      19,126,258      (719,956 ) 

Japanese Yen vs. British Pound, expiring 5/6/10

    510,000    3,801      5,456,062      5,767,697      (311,635 ) 

Japanese Yen vs. European Union Euro, expiring 4/1/10

    2,140,000    16,920      22,890,149      22,852,536      37,613   

Japanese Yen vs. European Union Euro, expiring 4/6/10

    3,500,000    27,850      37,437,365      37,615,857      (178,492 ) 

Japanese Yen vs. European Union Euro, expiring 5/28/10

    750,000    6,045      8,024,553      8,164,908      (140,355 ) 

Japanese Yen vs. European Union Euro, expiring 5/28/10

    585,500    4,808      6,264,501      6,493,350      (228,849 ) 

Japanese Yen vs. European Union Euro, expiring 7/1/10

    2,230,000    17,901      23,864,965      24,178,111      (313,146 ) 

Japanese Yen vs. New Zealand Dollar, expiring 4/14/10

    112,797    1,780      1,206,574      1,263,675      (57,101 ) 

Japanese Yen vs. New Zealand Dollar, expiring 4/14/10

    1,685,000    25,050      18,024,215      17,783,871      240,344   

Japanese Yen vs. U.S. Dollar, expiring 5/28/10

    3,705,000    41,188      39,641,292      41,188,176      (1,546,884 ) 

U.S. Dollar vs. British Pound, expiring 5/6/10

    3,725    2,480      3,724,970      3,762,879      (37,909 ) 

U.S. Dollar vs. European Union Euro, expiring 4/6/10

    9,600    7,059      9,600,000      9,533,720      66,280   

U.S. Dollar vs. European Union Euro, expiring 6/7/10

    9,600    7,100      9,600,000      9,589,634      10,366   
                    
               $ (2,760,371 ) 
                    

The following is a summary of the inputs used to value the Portfolio’s assets and liabilities carried at fair value as of March 31, 2010:

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, money market securities are valued using amortized cost, in accordance with rules under the Investment Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active market, such securities are reflected as Level 2.

Various inputs are used in determining the value of the Portfolio’s investments. These inputs are summarized in the three broad levels listed below:

 

Investment Type

    Level 1
Quoted prices in active
markets for identical
securities		    Level 2
Significant other
observable inputs
(including quoted prices
for similar securities,
interest rates,
prepayment speeds,
credit risk, etc.)		    Level 3
Significant unobservable
inputs (including the
Portfolio’s own
assumptions in
determining the fair
value of investments)		    Total

Assets:

            

Asset-Backed and Mortgage-Backed Securities

            

Asset-Backed Securities

    $ —      $ 4,924,828    $ —      $ 4,924,828

Collateralized debt obligations

      —        24,429,884      —        24,429,884

Non-Agency CMO

      —        4,162,695      —        4,162,695

Corporate Bonds

            

Consumer Discretionary

      —        24,714,564      —        24,714,564

Consumer Staples

      —        33,699,528      —        33,699,528

Energy

      —        27,197,099      —        27,197,099

Financials

      —        104,254,313      —        104,254,313

Government

      —        115,387      —        115,387

Health Care

      —        14,437,648      —        14,437,648

Industrials

      —        16,338,362      —        16,338,362

Information Technology

      —        6,544,347      —        6,544,347

Materials

      —        19,826,811      —        19,826,811

Telecommunication Services

      —        26,331,393      —        26,331,393

Utilities

      —        25,223,923      —        25,223,923

Forward Currency Contracts

Government Securities

      —        944,435      —        944,435

Agency ABS

      —        1,379,610      —        1,379,610

Foreign Governments

      —        249,704,361      —        249,704,361

Municipal Bonds

      —        3,353,890      —        3,353,890

Supranational

      —        27,626,771      —        27,626,771

U.S. Government Agencies

      —        392,890,646      —        392,890,646

 

See Notes to Portfolio of Investments.

288

EQ ADVISORS TRUST

EQ/GLOBAL BOND PLUS PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

Investment Type

    Level 1
Quoted prices in active
markets for identical
securities		    Level 2
Significant other
observable inputs
(including quoted prices
for similar securities,
interest rates,
prepayment speeds,
credit risk, etc.)		     Level 3
Significant unobservable
inputs (including the
Portfolio’s own
assumptions in
determining the fair
value of investments)		    Total  

U.S. Treasuries

    $ —      $ 257,411,550      $ —      $ 257,411,550   

Short-Term Investments

      —        125,652,964        —        125,652,964   
                              

Total Assets

    $ —      $ 1,391,165,009      $ —      $ 1,391,165,009   
                              

Liabilities:

           

Forward Currency Contracts Government Securities

    $ —      $ (3,704,806 )    $ —      $ (3,704,806 ) 

U.S. Government Agencies

      —        (31,011,758 )      —        (31,011,758 ) 
                              

Total Liabilities

    $ —      $ (34,716,564 )    $ —      $ (34,716,564 ) 
                              

Total

    $ —      $ 1,356,448,445      $ —      $ 1,356,448,445   
                              

Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:

 

     Investments in
Securities-Financials		  

Balance as of 12/31/09

    $ 1,772,083   

Total gains or losses (realized/unrealized) included in earnings

      85,720   

Purchases, sales, issuances, and settlements (net)

      (1,857,803 ) 

Transfers into Level 3

      —     

Transfers out of Level 3

      —     
        

Balance as of 3/31/10

    $ —     
        

The amount of total gains or losses for the year included in earnings attributable to the change in unrealized gains or losses relating to assets and liabilities still held at period ending 3/31/10.

    $ —     

Investment security transactions for the three months ended March 31, 2010 were as follows:

 

Cost of Purchases:

   

Stocks and long-term corporate debt securities

    $ 457,304,266

Long-term U.S. Treasury securities

      76,808,149
      
   $ 534,112,415
      

Net Proceeds of Sales and Redemptions:

   

Stocks and long-term corporate debt securities

    $ 392,181,544

Long-term U.S. Treasury securities

      79,231,357
      
   $ 471,412,901
      

As of March 31, 2010, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investments for Federal income tax purposes was as follows:

 

Aggregate gross unrealized appreciation

    $ 30,137,338   

Aggregate gross unrealized depreciation

      (13,893,722 ) 
        

Net unrealized appreciation

    $ 16,243,616   
        

Federal income tax cost of investments

    $ 1,373,976,958   
        

The Portfolio has a net capital loss carryforward of $21,139,706 which expires in the year 2017.

 

See Notes to Portfolio of Investments.

289

EQ ADVISORS TRUST

EQ/GLOBAL MULTI-SECTOR EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

COMMON STOCKS:

      

Australia (3.1%)

      

AGL Energy Ltd.

    43,905    $ 605,550

Alumina Ltd.

    194,838      308,418

Amcor Ltd.

    110,130      645,779

AMP Ltd.

    180,559      1,037,219

Aristocrat Leisure Ltd.

    25,895      107,644

Arrow Energy Ltd.*

    39,087      180,417

Asciano Group*

    267,490      465,151

ASX Ltd.

    16,810      523,548

Australia & New Zealand Banking Group Ltd.

    220,139      5,122,988

Bendigo and Adelaide Bank Ltd.

    35,871      329,170

BGP Holdings plc(b)*†

    796,081      —  

BHP Billiton Ltd.

    296,412      11,856,588

Billabong International Ltd.

    13,246      137,354

BlueScope Steel Ltd.*

    174,994      467,297

Boral Ltd.

    58,560      301,468

Brambles Ltd.

    132,477      894,737

Caltex Australia Ltd.

    7,595      78,826

CFS Retail Property Trust (REIT)

    186,237      320,438

Coca-Cola Amatil Ltd.

    54,965      567,435

Cochlear Ltd.

    4,146      277,125

Commonwealth Bank of Australia

    134,129      6,928,369

Computershare Ltd.

    44,098      506,641

Crown Ltd.

    50,427      378,524

CSL Ltd.

    51,383      1,717,733

CSR Ltd.

    98,595      149,737

Dexus Property Group (REIT)

    383,199      284,830

Energy Resources of Australia Ltd.

    7,710      133,719

Fairfax Media Ltd.

    167,864      277,273

Fortescue Metals Group Ltd.*

    106,578      479,226

Foster’s Group Ltd.

    181,083      879,044

Goodman Fielder Ltd.

    82,335      108,043

Goodman Group (REIT)

    457,980      275,274

GPT Group (REIT)

    796,081      420,051

Harvey Norman Holdings Ltd.

    49,813      165,473

Incitec Pivot Ltd.

    154,001      490,377

Insurance Australia Group Ltd.

    201,770      718,398

Intoll Group

    161,210      165,687

Leighton Holdings Ltd.

    13,988      500,607

Lend Lease Group

    34,677      275,573

Macquarie Group Ltd.

    28,715      1,245,053

MAp Group

    62,178      176,308

Metcash Ltd.

    54,958      208,789

Mirvac Group (REIT)

    220,369      298,277

National Australia Bank Ltd.

    184,479      4,658,782

Newcrest Mining Ltd.

    44,220      1,331,786

Nufarm Ltd.

    10,932      82,561

OneSteel Ltd.

    129,826      464,626

Orica Ltd.

    33,882      832,950

Origin Energy Ltd.

    75,742      1,150,302

OZ Minerals Ltd.*

    281,517      295,793

Paladin Energy Ltd.*

    45,209      163,870

Qantas Airways Ltd.*

    123,700      322,378

QBE Insurance Group Ltd.

    91,883      1,756,311

Rio Tinto Ltd.

    38,331      2,757,676

Santos Ltd.

    75,552      1,016,382

Sims Metal Management Ltd.

    11,579      230,148

Sonic Healthcare Ltd.

    35,067      462,416

SP AusNet

    57,816      48,015

Stockland Corp., Ltd. (REIT)

    222,390      814,264

Suncorp-Metway Ltd.

    119,802      938,856

TABCORP Holdings Ltd.

    55,636      352,275

Tatts Group Ltd.

    86,000    $ 194,138

Telstra Corp., Ltd.

    349,157      958,008

Toll Holdings Ltd.

    65,473      445,803

Transurban Group

    111,714      517,698

Wesfarmers Ltd.

    86,554      2,524,961

Wesfarmers Ltd. (PPS)

    11,930      348,899

Westfield Group (REIT)

    185,543      2,053,378

Westpac Banking Corp.

    261,860      6,689,836

Woodside Petroleum Ltd.

    46,716      2,010,553

Woolworths Ltd.

    107,158      2,753,339

WorleyParsons Ltd.

    16,444      384,036
         
        77,570,198
         

Austria (0.1%)

      

Erste Group Bank AG

    16,923      710,854

Immoeast AG*

    32,436      177,867

OMV AG

    14,005      525,483

Raiffeisen International Bank Holding AG

    4,265      202,771

Telekom Austria AG

    28,020      391,698

Verbund - Oesterreichische Elektrizitaetswirtschafts AG, Class A

    6,037      239,642

Vienna Insurance Group

    3,613      190,804

Voestalpine AG

    11,572      468,110
         
        2,907,229
         

Belgium (0.4%)

      

Anheuser-Busch InBev N.V.

    61,681      3,107,026

Belgacom S.A.

    13,536      528,727

Cie Nationale a Portefeuille

    2,506      131,328

Colruyt S.A.

    1,329      327,141

Delhaize Group S.A.

    9,817      788,930

Dexia S.A.*

    47,677      284,368

Fortis*

    203,983      726,243

Groupe Bruxelles Lambert S.A.

    7,328      647,499

KBC Groep N.V.*

    15,217      736,922

Mobistar S.A.

    3,392      208,752

Solvay S.A.

    5,709      586,874

UCB S.A.

    8,215      350,787

Umicore S.A.

    11,953      417,411
         
        8,842,008
         

Bermuda (0.1%)

      

Nabors Industries Ltd.*

    28,871      566,738

Seadrill Ltd.

    26,898      626,829

XL Capital Ltd., Class A

    31,715      599,414
         
        1,792,981
         

Brazil (2.5%)

      

Banco Bradesco S.A. (ADR)

    165,950      3,058,459

Banco Bradesco S.A. (Preference)

    65,230      1,194,303

BRF - Brasil Foods S.A.

    197,227      5,331,179

Cia de Bebidas das Americas (Preference) (ADR)

    45,300      4,152,198

Cia de Concessoes Rodoviarias

    44,400      970,965

Cielo S.A.

    438,800      4,167,533

Itau Unibanco Holding S.A.

    114,676      2,511,026

Itau Unibanco Holding S.A. (Preference) (ADR)

    245,584      5,400,392

Lojas Arapua S.A. (Preference)(b)*†

    1,248,000      —  

MRV Engenharia e Participacoes S.A.

    308,200      2,166,334

NET Servicos de Comunicacao S.A. (Preference)*

    184,808      2,390,184

OGX Petroleo e Gas Participacoes S.A.

    142,800      1,336,178

 

See Notes to Portfolio of Investments.

290

EQ ADVISORS TRUST

EQ/GLOBAL MULTI-SECTOR EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

PDG Realty S.A. Empreendimentos e Participacoes

    248,100    $ 2,075,929

Petroleo Brasileiro S.A. (Preference)

    327,542      6,490,612

Petroleo Brasileiro S.A. (Preference) (ADR), Class A

    21,700      859,103

Petroleo Brasileiro S.A. (ADR)

    56,000      2,491,440

Tim Participacoes S.A. (ADR)

    43,300      1,202,008

Ultrapar Participacoes S.A. (Preference)

    44,800      2,140,555

Vale S.A. (Preference), Class A

    21,356      592,638

Vale S.A. (ADR)

    428,285      11,889,192

Vivo Participacoes S.A.(Preference) (ADR)

    87,900      2,382,969
         
        62,803,197
         

Cayman Islands (0.0%)

      

Sany Heavy Equipment International Holdings Co., Ltd.*

    1,090,000      1,221,367
         

China (2.2%)

      

Bank of China Ltd., Class H

    5,465,900      2,914,490

China Citic Bank Corp. Ltd, Class H^

    3,494,000      2,619,065

China Coal Energy Co., Class H

    1,909,000      2,979,950

China Construction Bank Corp., Class H

    9,580,000      7,847,352

China Dongxiang Group Co.

    1,426,600      1,028,942

China Life Insurance Co., Ltd., Class H

    1,279,000      6,127,932

China Longyuan Power Group Corp., Class H*

    455,000      539,138

China Oilfield Services Ltd., Class H

    1,506,000      2,211,212

China Pacific Insurance Group Co. Ltd., Class H*

    702,200      3,111,141

China Petroleum & Chemical Corp., Class H

    6,732,000      5,514,444

China Telecom Corp. Ltd., Class H

    2,680,000      1,322,008

China Zhongwang Holdings Ltd.*^

    2,866,800      2,518,154

Dongfeng Motor Group Co., Ltd., Class H

    1,919,000      3,119,140

Foxconn International Holdings Ltd.*

    158,455      167,144

Industrial & Commercial Bank of China Ltd., Class H

    5,586,000      4,259,152

PetroChina Co., Ltd., Class H

    1,570,000      1,836,056

Ping An Insurance Group Co. of China Ltd., Class H

    439,000      3,782,606

Tsingtao Brewery Co., Ltd., Class H

    210,000      1,056,187

Want Want China Holdings Ltd.

    2,228,000      1,581,129

Yangzijiang Shipbuilding Holdings Ltd.

    104,647      86,772
         
        54,622,014
         

Cyprus (0.0%)

      

Bank of Cyprus PCL

    53,142      335,913
         

Czech Republic (0.3%)

      

CEZ A/S

    25,652      1,211,751

Komercni Banka A/S

    21,687      4,401,220

Telefonica O2 Czech Republic A/S

    63,656      1,486,562
         
        7,099,533
         

Denmark (0.3%)

      

A. P. Moller - Maersk A/S, Class A

    43      313,150

A. P. Moller - Maersk A/S, Class B

    113      861,062

Carlsberg A/S, Class B

    9,943      834,506

Coloplast A/S, Class B

    1,806      198,890

Danske Bank A/S*

    42,328      1,041,343

DSV A/S

    20,093      359,077

H. Lundbeck A/S

    6,400      120,643

Novo Nordisk A/S, Class B

    39,150      3,037,929

Novozymes A/S, Class B

    4,303    $ 476,220

Topdanmark A/S*

    1,373      178,855

TrygVesta A/S

    2,279      150,423

Vestas Wind Systems A/S*

    18,558      1,008,404

William Demant Holding A/S*

    1,548      109,532
         
        8,690,034
         

Egypt (0.4%)

      

Commercial International Bank Egypt SAE

    384,230      4,540,139

Orascom Construction Industries

    41,074      1,968,657

Orascom Construction Industries (GDR)^

    24,243      1,175,785

Telecom Egypt

    1,017,890      3,144,626
         
        10,829,207
         

Finland (0.5%)

      

Elisa Oyj*

    12,539      258,610

Fortum Oyj

    38,237      935,287

Kesko Oyj, Class B

    4,663      183,526

Kone Oyj, Class B

    13,064      539,934

Metso Oyj

    12,798      413,299

Neste Oil Oyj

    11,464      199,897

Nokia Oyj

    328,386      5,113,953

Nokian Renkaat Oyj

    10,610      275,574

Orion Oyj, Class B

    5,670      125,441

Outokumpu Oyj

    11,553      253,566

Pohjola Bank plc

    13,409      150,682

Rautaruukki Oyj

    8,313      179,647

Sampo Oyj, Class A

    39,439      1,046,189

Sanoma Oyj

    4,459      98,770

Stora Enso Oyj*

    59,373      452,284

UPM-Kymmene Oyj

    49,913      662,352

Wartsila Oyj

    8,714      441,359
         
        11,330,370
         

France (3.6%)

      

Accor S.A.

    14,304      791,335

Aeroports de Paris S.A.

    2,942      242,231

Air France-KLM*

    15,576      246,247

Air Liquide S.A.

    21,212      2,546,411

Alcatel-Lucent*

    224,072      708,487

Alstom S.A.

    16,855      1,051,070

Atos Origin S.A.*

    2,965      148,894

AXA S.A.

    143,657      3,195,679

BioMerieux

    1,334      153,204

BNP Paribas S.A.

    81,145      6,231,770

Bouygues S.A.

    19,284      969,430

Bureau Veritas S.A.

    4,509      239,340

Cap Gemini S.A.

    14,291      703,949

Carrefour S.A.

    53,990      2,602,207

Casino Guichard Perrachon S.A.

    5,734      485,201

Christian Dior S.A.

    6,359      678,342

Cie de Saint-Gobain S.A.

    32,239      1,550,152

Cie Generale de Geophysique-Veritas*

    14,763      418,832

Cie Generale d’Optique Essilor International S.A.

    19,146      1,222,381

CNP Assurances S.A.

    3,943      372,367

Compagnie Generale des Etablissements Michelin, Class B

    14,076      1,037,281

Credit Agricole S.A.

    77,576      1,357,923

Danone S.A.

    46,528      2,802,800

Dassault Systemes S.A.

    6,799      402,173

EDF S.A.

    20,429      1,114,734

Eiffage S.A.

    4,086      211,341

Eramet S.A.

    365      125,638

Eurazeo S.A.

    3,169      220,131

 

See Notes to Portfolio of Investments.

291

EQ ADVISORS TRUST

EQ/GLOBAL MULTI-SECTOR EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Eutelsat Communications S.A.

    9,165    $ 325,808

Fonciere Des Regions (REIT)

    2,590      285,277

France Telecom S.A.

    157,886      3,777,701

GDF Suez S.A.

    105,766      4,085,591

Gecina S.A. (REIT)

    1,777      196,665

Groupe Eurotunnel S.A.

    40,584      413,578

Hermes International S.A.

    4,932      685,126

ICADE (REIT)

    1,842      205,028

Iliad S.A.

    1,512      155,921

Imerys S.A.

    3,667      226,047

Ipsen S.A.

    2,443      119,298

J.C. Decaux S.A.*

    7,930      221,603

Klepierre S.A. (REIT)

    9,239      362,879

Lafarge S.A.

    17,528      1,233,425

Lagardere S.C.A.

    12,048      487,528

Legrand S.A.

    9,555      301,859

L’Oreal S.A.

    20,267      2,131,310

LVMH Moet Hennessy Louis Vuitton S.A.

    20,688      2,418,122

M6-Metropole Television

    3,743      96,812

Natixis S.A.*

    85,867      463,325

Neopost S.A.

    2,128      170,065

PagesJaunes Groupe S.A.

    6,752      77,535

Pernod-Ricard S.A.

    17,995      1,528,052

Peugeot S.A.*

    14,998      441,604

PPR S.A.

    6,525      868,697

Publicis Groupe S.A.

    11,889      508,714

Renault S.A.*

    17,791      833,821

Safran S.A.

    19,726      514,208

Sanofi-Aventis S.A.

    90,325      6,733,040

Schneider Electric S.A.

    19,855      2,328,802

SCOR SE

    16,895      426,720

Societe BIC S.A.

    1,794      137,364

Societe Des Autoroutes Paris-Rhin-Rhone*

    2,156      155,064

Societe Generale S.A.

    53,259      3,349,619

Societe Television Francaise 1 S.A.

    13,512      250,663

Sodexo S.A.

    9,514      568,616

Suez Environnement Co. S.A.

    27,119      624,146

Technip S.A.

    10,069      818,702

Thales S.A.

    9,321      374,157

Total S.A.

    181,864      10,557,376

Unibail-Rodamco S.A. (REIT)

    7,795      1,579,247

Vallourec S.A.

    5,446      1,098,197

Veolia Environnement

    34,460      1,195,234

Vinci S.A.

    36,917      2,175,726

Vivendi S.A.

    104,087      2,785,694
         
        90,123,516
         

Germany (2.8%)

      

Adidas AG

    20,024      1,070,998

Allianz SE (Registered)

    39,434      4,944,268

BASF SE

    78,483      4,867,661

Bayer AG

    70,765      4,786,584

Bayerische Motoren Werke (BMW) AG

    31,224      1,441,463

Bayerische Motoren Werke (BMW) AG (Preference)

    3,068      108,588

Beiersdorf AG

    7,195      430,358

Celesio AG

    6,043      193,194

Commerzbank AG*

    69,114      591,925

Daimler AG

    76,784      3,614,753

Deutsche Bank AG (Registered)

    51,133      3,938,651

Deutsche Boerse AG

    17,608      1,305,170

Deutsche Lufthansa AG (Registered)

    25,479      422,594

Deutsche Post AG (Registered)

    77,354      1,342,022

Deutsche Postbank AG*

    9,233    $ 296,238

Deutsche Telekom AG (Registered)

    244,036      3,307,608

E.ON AG

    162,553      6,001,460

Fraport AG

    2,367      124,635

Fresenius Medical Care AG & Co. KGaA

    18,509      1,044,341

Fresenius SE

    1,730      128,771

Fresenius SE (Preference)

    8,060      608,541

GEA Group AG

    14,442      334,724

Hannover Rueckversicherung AG (Registered)*

    5,547      273,910

HeidelbergCement AG

    13,511      753,669

Henkel AG & Co. KGaA

    10,526      487,712

Henkel AG & Co. KGaA (Preference)

    15,125      814,283

Hochtief AG

    3,881      326,149

Infineon Technologies AG*

    94,024      652,620

K+S AG

    16,405      995,533

Linde AG

    13,347      1,592,516

MAN SE

    10,312      863,251

Merck KGaA

    6,432      521,243

Metro AG

    9,931      589,112

Muenchener Rueckversicherungs-Gesellschaft AG (Registered)

    17,549      2,847,862

Porsche Automobil Holding SE (Preference)

    8,662      528,634

Puma AG Rudolf Dassler Sport

    363      114,997

RWE AG

    36,928      3,271,918

RWE AG (Non-Voting)(Preference)

    2,823      232,167

Salzgitter AG

    4,111      381,625

SAP AG

    72,905      3,531,103

Siemens AG (Registered)

    70,592      7,069,838

Solarworld AG

    4,970      74,948

Suedzucker AG

    3,957      87,329

ThyssenKrupp AG

    31,670      1,088,840

TUI AG*

    8,640      97,150

United Internet AG*

    8,501      128,941

Volkswagen AG

    3,079      297,344

Volkswagen AG (Preference)

    9,147      838,863

Wacker Chemie AG

    1,783      265,866
         
        69,631,970
         

Greece (0.1%)

      

Alpha Bank AE*

    46,478      440,056

Coca Cola Hellenic Bottling Co. S.A.

    14,708      396,513

EFG Eurobank Ergasias S.A.*

    26,384      242,322

Hellenic Petroleum S.A.

    7,176      82,190

Hellenic Telecommunications Organization S.A.

    23,801      295,429

Marfin Investment Group S.A.*

    50,505      115,965

National Bank of Greece S.A.*

    55,667      1,120,281

OPAP S.A.

    21,101      478,801

Piraeus Bank S.A.*

    27,917      243,958

Public Power Corp. S.A.*

    10,934      191,984

Titan Cement Co. S.A.

    5,317      140,756
         
        3,748,255
         

Hong Kong (2.0%)

      

ASM Pacific Technology Ltd.

    13,000      123,148

Bank of East Asia Ltd.

    120,800      444,973

Beijing Enterprises Holdings Ltd.

    418,500      2,907,953

Belle International Holdings Ltd.

    2,006,000      2,697,317

BOC Hong Kong Holdings Ltd.

    335,500      800,265

Cathay Pacific Airways Ltd.*

    77,000      162,246

Cheung Kong Holdings Ltd.

    126,000      1,622,823

Cheung Kong Infrastructure Holdings Ltd.

    28,000      108,368

 

See Notes to Portfolio of Investments.

292

EQ ADVISORS TRUST

EQ/GLOBAL MULTI-SECTOR EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

China Mobile Ltd.

    522,000    $ 5,022,172

China Resources Power Holdings Co., Ltd.

    1,412,200      3,022,927

China Unicom Hong Kong Ltd.

    2,222,000      2,501,244

Chinese Estates Holdings Ltd.

    55,500      92,783

CLP Holdings Ltd.

    186,000      1,329,555

Esprit Holdings Ltd.

    109,233      861,709

Fushan International Energy Group Ltd.^

    2,470,000      1,876,936

Genting Singapore plc*

    480,958      304,262

GOME Electrical Appliances Holdings Ltd.*^

    16,611,359      5,584,010

Hang Lung Group Ltd.

    64,000      339,608

Hang Lung Properties Ltd.

    184,000      741,759

Hang Seng Bank Ltd.

    66,700      929,509

Henderson Land Development Co., Ltd.

    103,000      725,646

Hengan International Group Co., Ltd.

    149,000      1,111,131

Hong Kong & China Gas Co., Ltd.

    345,000      860,251

Hong Kong Aircraft Engineering Co., Ltd.

    3,600      45,462

Hong Kong Exchanges and Clearing Ltd.

    94,300      1,574,045

HongKong Electric Holdings Ltd.

    123,000      729,517

Hopewell Holdings Ltd.

    55,000      162,926

Hutchison Whampoa Ltd.

    193,000      1,411,907

Hysan Development Co., Ltd.

    55,000      159,030

Kerry Properties Ltd.

    62,500      335,271

Li & Fung Ltd.

    208,000      1,023,357

Lifestyle International Holdings Ltd.

    30,500      55,074

Link REIT (REIT)

    196,000      483,168

Mongolia Energy Co., Ltd.*

    356,131      164,666

MTR Corp.

    117,500      444,924

New World Development Ltd.

    205,000      401,327

Noble Group Ltd.

    158,000      345,602

NWS Holdings Ltd.

    100,000      199,633

Orient Overseas International Ltd.

    25,000      185,304

PCCW Ltd.

    492,000      146,379

Shanghai Industrial Holdings Ltd.

    866,000      3,970,712

Shangri-La Asia Ltd.

    96,000      188,433

Sino Land Co., Ltd.

    162,000      317,563

Sun Hung Kai Properties Ltd.

    131,000      1,970,673

Swire Pacific Ltd., Class A

    72,500      872,138

Television Broadcasts Ltd.

    24,000      116,225

Wharf Holdings Ltd.

    132,000      743,794

Wheelock & Co., Ltd.

    65,000      191,712

Wing Hang Bank Ltd.

    16,500      150,884

Yue Yuen Industrial Holdings Ltd.†

    44,500      154,748
         
        50,715,069
         

Hungary (0.3%)

      

MOL Hungarian Oil and Gas Nyrt.*

    32,075      3,281,605

OTP Bank plc*

    31,325      1,095,556

Richter Gedeon Nyrt

    17,881      3,868,160
         
        8,245,321
         

India (2.1%)

      

Asian Paints Ltd.

    39,431      1,790,709

Bharat Heavy Electricals Ltd.

    50,961      2,713,663

Colgate-Palmolive India Ltd.

    76,356      1,148,529

Deccan Chronicle Holdings Ltd.

    294,700      1,011,872

Dr. Reddy’s Laboratories Ltd.

    89,958      2,554,671

Glenmark Pharmaceuticals Ltd.

    319,682      1,912,253

Godrej Consumer Products Ltd.

    192,300      1,119,234

GVK Power & Infrastructure Ltd.*

    423,515      423,091

HDFC Bank Ltd.

    147,883      6,368,900

Hero Honda Motors Ltd.

    55,308    $ 2,395,386

Hindalco Industries Ltd.

    520,211      2,100,195

Hindustan Construction Co.

    479,712      1,432,885

IndusInd Bank Ltd.

    552,000      2,091,440

Infosys Technologies Ltd.

    112,675      6,565,367

ITC Ltd.

    296,055      1,734,654

KSK Energy Ventures Ltd.*

    341,500      1,401,523

Marico Ltd.

    494,400      1,200,898

Nestle India Ltd.

    18,056      1,076,302

Reliance Industries Ltd.

    96,126      2,300,108

Rural Electrification Corp. Ltd.

    169,838      948,210

Shree Renuka Sugars Ltd.

    598,540      950,571

Sun TV Network Ltd.

    132,690      1,264,981

Tata Motors Ltd.

    202,271      3,413,760

Wipro Ltd.

    132,019      2,078,869

Yes Bank Ltd.*

    284,950      1,626,110
         
        51,624,181
         

Indonesia (0.7%)

      

PT Astra International Tbk

    834,900      3,844,421

PT Bank Central Asia Tbk

    5,096,500      3,080,471

PT Bank Rakyat Indonesia

    2,034,500      1,844,566

PT Bumi Resources Tbk

    6,088,500      1,505,481

PT Indocement Tunggal Prakarsa Tbk

    340,000      532,447

PT Indofood Sukses Makmur Tbk

    5,068,000      2,102,500

PT Indosat Tbk

    714,000      431,562

PT Perusahaan Gas Negara

    4,276,500      1,997,376

PT Telekomunikasi Indonesia Tbk

    3,344,500      2,958,759
         
        18,297,583
         

Ireland (0.2%)

      

CRH plc

    62,154      1,552,204

Elan Corp. plc*

    42,300      318,799

Experian plc

    95,565      940,454

Kerry Group plc, Class A

    14,108      438,264

Shire plc

    52,068      1,148,852
         
        4,398,573
         

Israel (0.1%)

      

Check Point Software Technologies Ltd.*

    66,489      2,331,104
         

Italy (1.1%)

      

A2A S.p.A.

    129,712      243,347

Assicurazioni Generali S.p.A.

    98,051      2,353,327

Atlantia S.p.A.

    24,946      582,220

Autogrill S.p.A.*

    4,409      53,655

Banca Carige S.p.A.

    50,945      139,166

Banca Monte dei Paschi di Siena S.p.A.

    195,453      289,331

Banca Popolare Societa Cooperativa

    35,575      220,907

Banco Popolare S.c.a.r.l.*

    60,274      419,257

Enel S.p.A.

    560,625      3,134,842

ENI S.p.A.

    224,375      5,264,015

Exor S.p.A.

    3,985      69,217

Fiat S.p.A.*

    71,587      932,082

Finmeccanica S.p.A.

    40,738      543,625

Fondiaria-Sai S.p.A.

    2,292      34,486

Intesa Sanpaolo S.p.A.*

    710,985      2,599,237

Italcementi S.p.A.

    2,927      33,841

Luxottica Group S.p.A.

    12,478      333,697

Mediaset S.p.A.

    71,065      610,458

Mediobanca S.p.A.*

    47,872      514,357

Mediolanum S.p.A.

    21,400      125,226

Parmalat S.p.A.

    163,601      448,012

Pirelli & C S.p.A.*

    327,216      201,089

Prysmian S.p.A.

    6,882      135,245

Saipem S.p.A.

    24,902      963,611

 

See Notes to Portfolio of Investments.

293

EQ ADVISORS TRUST

EQ/GLOBAL MULTI-SECTOR EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Snam Rete Gas S.p.A.

    141,622    $ 717,785

Telecom Italia S.p.A.

    883,063      1,271,428

Telecom Italia S.p.A. (RNC)

    503,963      568,366

Terna Rete Elettrica Nazionale S.p.A.

    130,790      565,726

UniCredit S.p.A.*

    1,389,247      4,104,595

Unione di Banche Italiane S.c.p.A.

    56,377      760,694

Unipol Gruppo Finanziario S.p.A.*

    72,036      81,339
         
        28,314,183
         

Japan (8.0%)

      

77 Bank Ltd.

    39,000      222,762

ABC-Mart, Inc.

    2,500      79,955

Acom Co., Ltd.

    3,070      50,242

Advantest Corp.

    16,200      405,130

Aeon Co., Ltd.

    57,700      654,826

Aeon Credit Service Co., Ltd.

    2,900      34,432

Aeon Mall Co., Ltd.

    5,400      113,845

Air Water, Inc.

    8,000      91,561

Aisin Seiki Co., Ltd.

    18,200      545,085

Ajinomoto Co., Inc.

    59,000      584,383

Alfresa Holdings Corp.

    2,300      99,144

All Nippon Airways Co., Ltd.*

    89,000      254,177

Amada Co., Ltd.

    25,000      209,648

Aozora Bank Ltd.

    68,000      96,010

Asahi Breweries Ltd.

    37,000      693,775

Asahi Glass Co., Ltd.

    94,000      1,058,744

Asahi Kasei Corp.

    112,000      602,589

Asics Corp.

    15,000      146,647

Astellas Pharma, Inc.

    38,600      1,397,593

Bank of Kyoto Ltd.

    30,000      276,286

Bank of Yokohama Ltd.

    101,000      494,791

Benesse Holdings, Inc.

    7,900      342,229

Bridgestone Corp.

    57,300      978,188

Brother Industries Ltd.

    16,500      199,433

Canon Marketing Japan, Inc.

    5,300      72,167

Canon, Inc.

    92,700      4,293,411

Casio Computer Co., Ltd.

    22,700      174,578

Central Japan Railway Co.

    128      974,821

Chiba Bank Ltd.

    61,000      364,734

Chiyoda Corp.

    9,000      89,336

Chubu Electric Power Co., Inc.

    56,500      1,412,349

Chugai Pharmaceutical Co., Ltd.

    21,000      394,887

Chugoku Bank Ltd.

    12,000      161,985

Chugoku Electric Power Co., Inc.

    22,500      447,160

Chuo Mitsui Trust Holdings, Inc.

    84,000      315,371

Citizen Holdings Co., Ltd.

    21,100      144,218

Coca-Cola West Co., Ltd.

    4,800      78,503

Cosmo Oil Co., Ltd.

    54,000      130,538

Credit Saison Co., Ltd.

    16,500      255,910

Dai Nippon Printing Co., Ltd.

    52,000      702,492

Daicel Chemical Industries Ltd.

    18,000      123,799

Daido Steel Co., Ltd.

    14,000      58,851

Daihatsu Motor Co., Ltd.

    13,000      124,174

Daiichi Sankyo Co., Ltd.

    62,600      1,172,453

Daikin Industries Ltd.

    21,700      887,822

Dainippon Sumitomo Pharma Co., Ltd.

    19,400      177,835

Daito Trust Construction Co., Ltd.

    7,700      371,452

Daiwa House Industry Co., Ltd.

    46,000      519,093

Daiwa Securities Group, Inc.

    154,400      812,545

DeNA Co., Ltd.

    19      140,635

Denki Kagaku Kogyo KK

    45,000      193,497

Denso Corp.

    43,800      1,304,771

Dentsu, Inc.

    16,706      439,048

Dowa Holdings Co., Ltd.

    14,000      84,308

East Japan Railway Co.

    30,896      2,148,080

Eisai Co., Ltd.

    23,500      838,298

Electric Power Development Co., Ltd.

    13,400    $ 441,459

Elpida Memory, Inc.*

    14,400      283,564

FamilyMart Co., Ltd.

    6,500      206,840

Fanuc Ltd.

    16,400      1,740,165

Fast Retailing Co., Ltd.

    3,900      677,880

Fuji Electric Holdings Co., Ltd.

    34,000      92,737

Fuji Heavy Industries Ltd.*

    57,000      295,090

Fuji Media Holdings, Inc.

    78      115,552

Fujifilm Holdings Corp.

    39,600      1,363,911

Fujitsu Ltd.

    168,000      1,099,754

Fukuoka Financial Group, Inc.

    69,000      293,005

Furukawa Electric Co., Ltd.

    64,000      332,699

GS Yuasa Corp.

    37,000      249,727

Gunma Bank Ltd.

    44,000      243,320

Hachijuni Bank Ltd.

    30,000      170,713

Hakuhodo DY Holdings, Inc.

    1,230      64,730

Hankyu Hanshin Holdings, Inc.

    96,000      444,625

Hino Motors Ltd.

    12,000      50,701

Hirose Electric Co., Ltd.

    3,100      357,450

Hiroshima Bank Ltd.

    57,000      240,828

Hisamitsu Pharmaceutical Co., Inc.

    4,500      167,264

Hitachi Chemical Co., Ltd.

    7,000      151,246

Hitachi Construction Machinery Co., Ltd.

    11,700      276,450

Hitachi High-Technologies Corp.

    4,000      91,775

Hitachi Ltd.*

    390,200      1,456,624

Hitachi Metals Ltd.

    19,000      199,775

Hokkaido Electric Power Co., Inc.

    18,900      362,676

Hokuhoku Financial Group, Inc.

    89,000      195,155

Hokuriku Electric Power Co.

    14,300      314,481

Honda Motor Co., Ltd.

    144,400      5,097,016

HOYA Corp.

    37,800      1,038,701

Ibiden Co., Ltd.

    12,700      437,416

Idemitsu Kosan Co., Ltd.

    1,500      113,595

IHI Corp.

    93,000      170,104

INPEX Corp.

    72      528,313

Isetan Mitsukoshi Holdings Ltd.

    36,100      388,068

Isuzu Motors Ltd.

    121,000      327,447

Ito En Ltd.

    2,600      40,242

ITOCHU Corp.

    140,000      1,226,441

ITOCHU Techno-Solutions Corp.

    2,100      68,959

Iyo Bank Ltd.

    27,000      256,744

J. Front Retailing Co., Ltd.

    35,000      205,904

Jafco Co., Ltd.

    1,200      31,511

Japan Petroleum Exploration Co.

    1,700      86,191

Japan Prime Realty Investment Corp. (REIT)

    41      91,262

Japan Real Estate Investment Corp. (REIT)

    49      417,724

Japan Retail Fund Investment Corp. (REIT)

    132      155,311

Japan Steel Works Ltd.

    33,000      378,040

Japan Tobacco, Inc.

    382      1,421,927

JFE Holdings, Inc.

    42,100      1,695,438

JGC Corp.

    21,000      374,671

Joyo Bank Ltd.

    51,000      227,479

JS Group Corp.

    19,600      398,960

JSR Corp.

    18,600      388,553

JTEKT Corp.

    21,500      253,888

Jupiter Telecommunications Co., Ltd.

    180      207,937

Kajima Corp.

    60,000      146,968

Kamigumi Co., Ltd.

    17,000      136,742

Kaneka Corp.

    19,000      123,158

Kansai Electric Power Co., Inc.

    69,400      1,590,061

Kansai Paint Co., Ltd.

    14,000      114,108

 

See Notes to Portfolio of Investments.

294

EQ ADVISORS TRUST

EQ/GLOBAL MULTI-SECTOR EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Kao Corp.

    50,000    $ 1,267,515

Kawasaki Heavy Industries Ltd.

    145,000      400,150

Kawasaki Kisen Kaisha Ltd.*

    61,000      243,374

KDDI Corp.

    268      1,387,443

Keihin Electric Express Railway Co., Ltd.

    32,000      262,873

Keio Corp.

    43,000      290,224

Keisei Electric Railway Co., Ltd.

    17,000      103,466

Keyence Corp.

    3,800      908,033

Kikkoman Corp.

    11,000      128,720

Kinden Corp.

    7,000      61,322

Kintetsu Corp.

    144,000      448,219

Kirin Holdings Co., Ltd.

    70,000      1,032,517

Kobe Steel Ltd.

    236,000      507,391

Koito Manufacturing Co., Ltd.

    6,000      89,079

Komatsu Ltd.

    81,500      1,708,632

Konami Corp.

    6,800      131,141

Konica Minolta Holdings, Inc.

    46,500      542,641

Kubota Corp.

    103,000      938,667

Kuraray Co., Ltd.

    34,500      464,231

Kurita Water Industries Ltd.

    11,800      333,843

Kyocera Corp.

    13,800      1,344,721

Kyowa Hakko Kirin Co., Ltd.

    19,000      196,117

Kyushu Electric Power Co., Inc.

    34,600      753,139

Lawson, Inc.

    7,000      298,749

Mabuchi Motor Co., Ltd.

    1,700      97,829

Makita Corp.

    9,300      306,386

Marubeni Corp.

    154,000      957,044

Marui Group Co., Ltd.

    20,500      148,668

Maruichi Steel Tube Ltd.

    1,800      36,504

Matsui Securities Co., Ltd.

    6,500      46,443

Mazda Motor Corp.

    149,300      420,001

McDonald’s Holdings Co. Japan Ltd.

    7,070      143,533

Medipal Holdings Corp.

    9,700      114,856

MEIJI Holdings Co. Ltd.

    6,500      252,380

Minebea Co., Ltd.

    24,000      146,069

Mitsubishi Chemical Holdings Corp.

    115,000      587,977

Mitsubishi Corp.

    109,800      2,877,420

Mitsubishi Electric Corp.

    165,000      1,516,045

Mitsubishi Estate Co., Ltd.

    101,000      1,652,904

Mitsubishi Gas Chemical Co., Inc.

    26,000      156,573

Mitsubishi Heavy Industries Ltd.

    274,000      1,134,218

Mitsubishi Logistics Corp.

    7,000      87,004

Mitsubishi Materials Corp.*

    116,000      333,768

Mitsubishi Motors Corp.*

    301,000      408,889

Mitsubishi Tanabe Pharma Corp.

    21,000      296,502

Mitsubishi UFJ Financial Group, Inc.

    1,118,500      5,862,285

Mitsubishi UFJ Lease & Finance Co., Ltd.

    4,110      149,471

Mitsui & Co., Ltd.

    151,300      2,542,436

Mitsui Chemicals, Inc.

    64,000      193,732

Mitsui Engineering & Shipbuilding Co., Ltd.

    50,000      124,612

Mitsui Fudosan Co., Ltd.

    77,000      1,307,081

Mitsui Mining & Smelting Co., Ltd.

    32,000      95,839

Mitsui O.S.K. Lines Ltd.

    110,000      789,496

Mitsui Sumitomo Insurance Group Holdings, Inc.

    47,707      1,324,202

Mitsumi Electric Co., Ltd.

    5,300      115,989

Mizuho Financial Group, Inc.

    1,182,607      2,340,168

Mizuho Securities Co., Ltd.

    39,000      123,478

Mizuho Trust & Banking Co., Ltd.

    93,000      93,507

Murata Manufacturing Co., Ltd.

    19,500      1,107,552

Namco Bandai Holdings, Inc.

    19,000      185,143

NEC Corp.

    209,000      628,185

NGK Insulators Ltd.

    24,000    $ 489,550

NGK Spark Plug Co., Ltd.

    12,000      163,012

NHK Spring Co., Ltd.

    15,000      137,662

Nidec Corp.

    10,000      1,071,772

Nikon Corp.

    30,000      654,936

Nintendo Co., Ltd.

    8,900      2,979,677

Nippon Building Fund, Inc. (REIT)

    52      447,748

Nippon Electric Glass Co., Ltd.

    33,000      464,873

Nippon Express Co., Ltd.

    88,000      378,393

Nippon Meat Packers, Inc.

    20,000      253,075

Nippon Mining Holdings, Inc.†

    87,500      409,001

Nippon Oil Corp.†

    115,000      579,367

Nippon Paper Group, Inc.

    8,500      218,660

Nippon Sheet Glass Co., Ltd.

    58,000      171,227

Nippon Steel Corp.

    465,000      1,825,382

Nippon Telegraph & Telephone Corp.

    46,354      1,953,522

Nippon Yusen KK

    143,000      564,413

Nipponkoa Insurance Co., Ltd.†

    60,000      376,725

Nishi-Nippon City Bank Ltd.

    62,000      183,036

Nissan Chemical Industries Ltd.

    9,000      125,917

Nissan Motor Co., Ltd.*

    214,000      1,833,501

Nissha Printing Co., Ltd.

    1,600      62,467

Nisshin Seifun Group, Inc.

    12,500      161,381

Nisshin Steel Co., Ltd.

    46,000      95,946

Nisshinbo Holdings, Inc.

    7,000      72,478

Nissin Food Holdings Co., Ltd.

    7,700      259,028

Nitori Co., Ltd.

    3,900      296,181

Nitto Denko Corp.

    16,000      621,243

NOK Corp.

    6,800      102,338

Nomura Holdings, Inc.

    320,100      2,359,064

Nomura Real Estate Holdings, Inc.

    6,700      103,342

Nomura Real Estate Office Fund, Inc. (REIT)

    19      106,696

Nomura Research Institute Ltd.

    7,400      168,596

NSK Ltd.

    48,000      378,907

NTN Corp.

    31,000      139,929

NTT Data Corp.

    116      386,501

NTT DoCoMo, Inc.

    1,319      2,009,045

NTT Urban Development Corp.

    67      56,616

Obayashi Corp.

    57,000      253,022

Obic Co., Ltd.

    340      61,752

Odakyu Electric Railway Co., Ltd.

    57,000      474,340

OJI Paper Co., Ltd.

    78,000      342,069

Olympus Corp.

    21,000      673,869

Omron Corp.

    20,300      471,184

Ono Pharmaceutical Co., Ltd.

    7,200      320,377

Oracle Corp. Japan

    2,200      102,011

Oriental Land Co., Ltd.

    5,200      362,648

ORIX Corp.

    9,760      865,444

Osaka Gas Co., Ltd.

    187,000      670,072

Otsuka Corp.

    1,600      101,658

Panasonic Corp.

    169,800      2,597,219

Panasonic Electric Works Co., Ltd.

    29,000      366,028

Rakuten, Inc.

    711      514,104

Resona Holdings, Inc.

    44,400      561,352

Ricoh Co., Ltd.

    61,000      952,615

Rinnai Corp.

    3,800      199,572

Rohm Co., Ltd.

    9,100      679,410

Sankyo Co., Ltd.

    5,300      262,194

Santen Pharmaceutical Co., Ltd.

    4,800      144,067

Sanyo Electric Co., Ltd.*

    163,000      261,525

Sapporo Hokuyo Holdings, Inc.

    15,487      70,734

Sapporo Holdings Ltd.

    15,000      78,297

SBI Holdings, Inc.

    1,704      336,280

Secom Co., Ltd.

    19,800      866,210

 

See Notes to Portfolio of Investments.

295

EQ ADVISORS TRUST

EQ/GLOBAL MULTI-SECTOR EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Sega Sammy Holdings, Inc.

    14,700    $ 177,991

Seiko Epson Corp.

    14,900      231,413

Sekisui Chemical Co., Ltd.

    45,000      305,166

Sekisui House Ltd.

    51,000      509,509

Senshu Ikeda Holdings, Inc.

    26,411      48,025

Seven & I Holdings Co., Ltd.

    65,600      1,585,094

Seven Bank Ltd.

    53      106,578

Sharp Corp.

    93,000      1,162,873

Shikoku Electric Power Co., Inc.

    14,600      413,685

Shimadzu Corp.

    15,000      120,173

Shimamura Co., Ltd.

    1,500      132,848

Shimano, Inc.

    5,000      221,147

Shimizu Corp.

    54,000      225,265

Shin-Etsu Chemical Co., Ltd.

    35,500      2,061,878

Shinko Electric Industries Co., Ltd.

    4,000      61,868

Shinsei Bank Ltd.

    102,000      123,286

Shionogi & Co., Ltd.

    28,000      532,506

Shiseido Co., Ltd.

    33,000      716,547

Shizuoka Bank Ltd.

    49,000      427,158

Showa Denko KK

    147,000      331,768

Showa Shell Sekiyu KK

    11,600      78,417

SMC Corp.

    5,100      692,256

Softbank Corp.

    65,300      1,608,577

Sojitz Corp.

    110,100      213,158

Sompo Japan Insurance, Inc.†

    78,000      547,310

Sony Corp.

    87,200      3,339,138

Sony Financial Holdings, Inc.

    84      275,837

Square Enix Holdings Co., Ltd.

    6,700      146,484

Stanley Electric Co., Ltd.

    11,500      223,013

Sumco Corp.*

    12,400      263,677

Sumitomo Chemical Co., Ltd.

    145,000      708,792

Sumitomo Corp.

    101,400      1,165,954

Sumitomo Electric Industries Ltd.

    67,900      832,318

Sumitomo Heavy Industries Ltd.

    60,000      361,322

Sumitomo Metal Industries Ltd.

    306,000      926,281

Sumitomo Metal Mining Co., Ltd.

    49,000      729,051

Sumitomo Mitsui Financial Group, Inc.

    115,054      3,802,726

Sumitomo Realty & Development Co., Ltd.

    35,000      666,007

Sumitomo Rubber Industries Ltd.

    10,600      93,426

Sumitomo Trust & Banking Co., Ltd.

    124,000      726,837

Suruga Bank Ltd.

    24,000      214,611

Suzuken Co., Ltd.

    4,800      169,173

Suzuki Motor Corp.

    32,300      712,749

Sysmex Corp.

    2,100      123,093

T&D Holdings, Inc.

    25,350      600,059

Taiheiyo Cement Corp.*

    48,000      68,799

Taisei Corp.

    67,000      147,631

Taisho Pharmaceutical Co., Ltd.

    9,000      163,654

Taiyo Nippon Sanso Corp.

    30,000      293,293

Takashimaya Co., Ltd.

    20,000      164,296

Takeda Pharmaceutical Co., Ltd.

    67,400      2,966,638

TDK Corp.

    11,300      751,802

Teijin Ltd.

    70,000      235,105

Terumo Corp.

    15,600      830,977

THK Co., Ltd.

    8,300      181,110

Tobu Railway Co., Ltd.

    65,000      360,841

Toho Co., Ltd.

    7,000      112,761

Toho Gas Co., Ltd.

    32,000      174,564

Tohoku Electric Power Co., Inc.

    38,700      817,961

Tokio Marine Holdings, Inc.

    62,400      1,757,399

Tokuyama Corp.

    21,000      116,355

Tokyo Electric Power Co., Inc.

    107,900      2,876,102

Tokyo Electron Ltd.

    16,000      1,061,076

Tokyo Gas Co., Ltd.

    216,000      951,888

Tokyo Steel Manufacturing Co., Ltd.

    4,400    $ 55,112

Tokyo Tatemono Co., Ltd.

    25,000      89,849

Tokyu Corp.

    92,000      384,768

Tokyu Land Corp.

    47,000      179,474

TonenGeneral Sekiyu KK

    20,000      168,788

Toppan Printing Co., Ltd.

    48,000      433,330

Toray Industries, Inc.

    127,000      741,705

Toshiba Corp.*

    346,000      1,787,549

Tosoh Corp.

    30,000      76,372

TOTO Ltd.

    15,000      102,203

Toyo Seikan Kaisha Ltd.

    13,500      239,127

Toyo Suisan Kaisha Ltd.

    10,000      258,637

Toyoda Gosei Co., Ltd.

    7,100      199,049

Toyota Boshoku Corp.

    4,100      78,764

Toyota Industries Corp.

    16,300      465,515

Toyota Motor Corp.

    258,200      10,342,914

Toyota Tsusho Corp.

    16,100      252,461

Trend Micro, Inc.

    9,500      331,265

Tsumura & Co.

    4,000      116,162

Ube Industries Ltd.

    74,000      189,967

Unicharm Corp.

    4,300      415,328

UNY Co., Ltd.

    10,000      82,683

Ushio, Inc.

    7,600      128,929

USS Co., Ltd.

    2,120      143,994

West Japan Railway Co.

    168      578,629

Yahoo! Japan Corp.

    1,147      417,749

Yakult Honsha Co., Ltd.

    7,100      191,531

Yamada Denki Co., Ltd.

    7,990      589,699

Yamaguchi Financial Group, Inc.

    17,000      186,020

Yamaha Corp.

    11,300      145,888

Yamaha Motor Co., Ltd.*

    22,400      335,677

Yamato Holdings Co., Ltd.

    38,000      534,089

Yamato Kogyo Co., Ltd.

    2,200      73,067

Yamazaki Baking Co., Ltd.

    7,000      86,630

Yaskawa Electric Corp.

    16,000      146,326

Yokogawa Electric Corp.

    15,500      134,956
         
        200,386,829
         

Luxembourg (0.2%)

      

ArcelorMittal S.A.

    72,640      3,187,633

Millicom International Cellular S.A. (SDR)

    6,874      614,991

SES S.A. (FDR)

    27,855      703,350

Tenaris S.A.

    41,117      887,444
         
        5,393,418
         

Macau (0.0%)

      

Sands China Ltd.*

    184,400      293,074
         

Malaysia (0.2%)

      

Axiata Group Bhd*

    2,148,600      2,535,901

Sime Darby Bhd

    833,000      2,224,228
         
        4,760,129
         

Mexico (1.2%)

      

America Movil S.A.B. de C.V. (ADR)

    257,649      12,970,051

Fomento Economico Mexicano S.A.B. de C.V. (ADR)

    132,600      6,302,478

Fresnillo plc

    17,485      225,004

Grupo Financiero Banorte S.A.B. de C.V., Class O

    735,124      3,260,677

Grupo Televisa S.A. (ADR)

    203,700      4,281,774

Wal-Mart de Mexico S.A.B. de C.V.

    389,200      1,994,202
         
        29,034,186
         

Netherlands (1.6%)

      

Aegon N.V.*

    143,559      983,063

Akzo Nobel N.V.

    21,834      1,244,334

 

See Notes to Portfolio of Investments.

296

EQ ADVISORS TRUST

EQ/GLOBAL MULTI-SECTOR EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

ASML Holding N.V.

    40,777    $ 1,457,296

Corio N.V. (REIT)

    5,345      356,882

European Aeronautic Defence and Space Co. N.V.

    34,897      702,055

Fugro N.V. (CVA)

    6,148      401,821

Heineken Holding N.V.

    8,595      382,337

Heineken N.V.

    22,037      1,132,531

ING Groep N.V. (CVA)*

    309,703      3,092,076

James Hardie Industries SE (CDI)*

    32,060      213,588

Koninklijke (Royal) KPN N.V.

    148,106      2,346,462

Koninklijke Ahold N.V.

    107,483      1,432,847

Koninklijke Boskalis Westminster N.V.

    5,373      205,919

Koninklijke DSM N.V.

    12,933      576,705

Koninklijke Philips Electronics N.V.

    82,382      2,641,532

Koninklijke Vopak N.V.*

    2,200      173,264

QIAGEN N.V.*

    19,584      450,992

Randstad Holding N.V.*

    10,252      487,202

Reed Elsevier N.V.

    65,402      794,840

Royal Dutch Shell plc, Class A

    313,970      9,100,185

Royal Dutch Shell plc, Class B

    238,669      6,575,382

SBM Offshore N.V.

    13,868      277,497

TNT N.V.

    33,239      953,105

Unilever N.V. (CVA)

    140,758      4,257,621

Wolters Kluwer N.V.

    27,858      604,092
         
        40,843,628
         

New Zealand (0.0%)

      

Auckland International Airport Ltd.

    44,662      61,548

Contact Energy Ltd.*

    13,818      62,820

Fletcher Building Ltd.

    59,313      351,811

Sky City Entertainment Group Ltd.

    40,683      93,055

Telecom Corp. of New Zealand Ltd.

    177,356      273,387
         
        842,621
         

Norway (0.3%)

      

DnB NOR ASA*

    77,977      890,873

Norsk Hydro ASA*

    68,791      524,336

Orkla ASA

    72,468      640,765

Renewable Energy Corp. ASA*

    32,954      154,146

Statoil ASA

    100,100      2,317,566

Telenor ASA*

    74,200      1,006,280

Yara International ASA

    18,200      790,079
         
        6,324,045
         

Philippines (0.3%)

      

Ayala Corp.

    183,200      1,347,953

Metro Pacific Investments Corp.*

    18,668,000      1,280,611

Metropolitan Bank & Trust

    1,151,550      1,274,120

Philippine Long Distance Telephone Co.

    33,750      1,807,369

SM Investments Corp.

    85,875      703,115
         
        6,413,168
         

Poland (0.8%)

      

Bank Handlowy w Warszawie S.A.*

    56,688      1,587,566

Bank Zachodni WBK S.A.*

    23,967      1,727,510

Central European Distribution Corp.*

    94,936      3,323,709

Polski Koncern Naftowy Orlen S.A.*

    250,024      3,395,971

Powszechna Kasa Oszczednosci Bank Polski S.A.

    383,420      5,362,189

Telekomunikacja Polska S.A.

    632,955      3,591,753
         
        18,988,698
         

Portugal (0.1%)

      

Banco Comercial Portugues S.A. (Registered)

    256,420      285,379

Banco Espirito Santo S.A. (Registered)*

    49,748      268,768

Brisa Auto-Estradas de Portugal S.A.

    19,881      168,632

Cimpor Cimentos de Portugal SGPS S.A.

    15,910    $ 120,230

EDP - Energias de Portugal S.A.

    166,229      660,754

Galp Energia SGPS S.A., Class B

    10,848      188,423

Jeronimo Martins SGPS S.A.

    14,042      142,244

Portugal Telecom SGPS S.A. (Registered)

    55,101      616,067
         
        2,450,497
         

Russia (0.9%)

      

LUKOIL OAO (Chi-X Alt TS Exchange) (ADR)

    13,100      742,770

LUKOIL OAO (OTC Exchange) (ADR)

    120,730      6,845,391

Polyus Gold Co. (ADR)

    55,627      1,432,395

Rosneft Oil Co. (GDR)

    393,446      3,120,027

RusHydro OJSC*

    26,649,206      1,399,083

RusHydro OJSC (ADR)*^

    269,684      1,423,931

Sberbank of Russian Federation

    698,875      2,047,704

Vimpel-Communications OJSC (ADR)

    49,368      908,865

Wimm-Bill-Dann Foods OJSC (ADR)

    119,368      2,676,231

X5 Retail Group N.V. (GDR)(m)*

    73,618      2,561,906
         
        23,158,303
         

Singapore (0.6%)

      

Ascendas Real Estate Investment Trust (REIT)

    124,000      170,185

CapitaLand Ltd.

    248,000      703,785

CapitaMall Trust (REIT)

    158,000      199,907

CapitaMalls Asia Ltd.*

    123,800      199,999

City Developments Ltd.

    51,000      386,433

ComfortDelgro Corp., Ltd.

    215,000      239,751

Cosco Corp. (Singapore) Ltd.

    111,000      98,388

DBS Group Holdings Ltd.

    159,000      1,625,290

Fraser and Neave Ltd.

    71,000      243,611

Golden Agri-Resources Ltd.*

    4,916,605      2,038,408

Jardine Cycle & Carriage Ltd.

    9,000      189,013

Keppel Corp., Ltd.

    122,000      795,339

Neptune Orient Lines Ltd.

    116,750      167,745

Olam International Ltd.

    136,000      251,789

Oversea-Chinese Banking Corp., Ltd.

    226,000      1,407,098

SembCorp Industries Ltd.

    67,000      197,798

SembCorp Marine Ltd.

    88,000      263,569

Singapore Airlines Ltd.

    50,000      543,265

Singapore Exchange Ltd.

    85,000      464,813

Singapore Press Holdings Ltd.

    122,000      333,136

Singapore Technologies Engineering Ltd.

    98,000      223,468

Singapore Telecommunications Ltd.

    699,000      1,583,924

StarHub Ltd.

    93,717      153,409

United Overseas Bank Ltd.

    107,000      1,470,060

UOL Group Ltd.

    51,000      142,178

Wilmar International Ltd.

    111,000      531,613
         
        14,623,974
         

South Africa (1.4%)

      

Anglo Platinum Ltd.*

    37,419      3,801,621

AVI Ltd.

    289,000      944,321

Impala Platinum Holdings Ltd.

    216,600      6,363,810

Imperial Holdings Ltd.

    164,600      2,266,379

Kumba Iron Ore Ltd.

    41,600      2,015,533

MTN Group Ltd.*

    545,498      8,387,956

Naspers Ltd., Class N

    156,256      6,789,775

Tiger Brands Ltd.

    163,521      4,117,351
         
        34,686,746
         

South Korea (2.3%)

      

Amorepacific Corp.

    2,319      1,686,806

 

See Notes to Portfolio of Investments.

297

EQ ADVISORS TRUST

EQ/GLOBAL MULTI-SECTOR EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Cheil Industries, Inc.

    31,280    $ 1,766,576

Cheil Worldwide, Inc.

    7,910      2,341,995

Hyundai Engineering & Construction Co., Ltd.

    24,312      1,334,372

Hyundai Mobis

    15,440      2,046,931

Hyundai Motor Co.

    16,480      1,682,301

KB Financial Group, Inc.

    31,671      1,528,337

Kia Motors Corp.

    162,441      3,625,114

Korea Exchange Bank

    56,307      671,832

Korea Life Insurance Co. Ltd.*

    106,380      823,623

KT Corp.

    21,350      882,153

LG Chem Ltd.

    21,856      4,645,692

LG Display Co., Ltd.

    89,550      3,161,892

LG Display Co., Ltd. (ADR)

    36,300      641,784

LG Telecom Ltd.

    61,561      420,037

NCSoft Corp.

    4,718      598,376

NHN Corp.*

    15,413      2,452,022

OCI Co. Ltd.

    9,664      1,682,627

Samsung Electronics Co., Ltd. (Preference)

    4,799      2,281,906

Samsung Electronics Co., Ltd.

    17,983      13,001,099

Samsung Fire & Marine Insurance Co., Ltd.

    10,985      1,762,144

Shinhan Financial Group Co., Ltd.

    104,053      4,087,813

Shinsegae Co., Ltd.

    4,430      2,094,702

SSCP Co., Ltd.*

    83,127      535,592

Woongjin Coway Co., Ltd.

    94,848      2,938,196
         
        58,693,922
         

Spain (1.4%)

      

Abertis Infraestructuras S.A.

    28,335      545,357

Acciona S.A.

    2,784      308,751

Acerinox S.A.

    11,605      228,453

ACS Actividades de Construccion y Servicios S.A.

    13,998      645,843

Banco Bilbao Vizcaya Argentaria S.A.

    303,331      4,150,200

Banco de Sabadell S.A.

    74,352      410,531

Banco de Valencia S.A.

    19,669      125,391

Banco Popular Espanol S.A.

    86,634      637,717

Banco Santander S.A.

    708,072      9,410,557

Bankinter S.A.

    24,266      201,893

Criteria Caixacorp S.A.

    66,919      331,619

EDP Renovaveis S.A.*

    14,204      110,983

Enagas S.A.

    13,446      294,660

Ferrovial S.A.

    45,474      442,220

Fomento de Construcciones y Contratas S.A.

    2,654      97,161

Gamesa Corp. Tecnologica S.A.

    16,561      227,036

Gas Natural SDG S.A.

    20,977      387,307

Gestevision Telecinco S.A.

    5,555      87,183

Grifols S.A.

    8,118      121,268

Iberdrola Renovables S.A.

    83,977      348,777

Iberdrola S.A.

    323,723      2,743,659

Iberia Lineas Aereas de Espana S.A.*

    45,412      158,737

Inditex S.A.

    20,169      1,329,510

Indra Sistemas S.A.

    9,416      193,055

Mapfre S.A.

    84,374      309,515

Red Electrica Corporacion S.A.

    9,864      529,382

Repsol YPF S.A.

    65,282      1,545,675

Sacyr Vallehermoso S.A.*

    3,314      29,238

Telefonica S.A.

    364,624      8,638,089

Zardoya Otis S.A.

    10,573      183,218
         
        34,772,985
         

Sweden (1.0%)

      

Alfa Laval AB

    26,844      395,191

Assa Abloy AB, Class B

    27,992    $ 547,776

Atlas Copco AB, Class A

    63,550      985,735

Atlas Copco AB, Class B

    30,396      426,014

Electrolux AB, Class B

    23,476      536,457

Getinge AB, Class B

    18,401      441,129

Hennes & Mauritz AB, Class B

    45,809      2,976,069

Holmen AB, Class B

    6,875      185,191

Husqvarna AB, Class B*

    30,108      218,911

Investor AB, Class B

    42,108      807,683

Kinnevik Investment AB, Class B

    21,578      397,456

Lundin Petroleum AB*

    19,783      167,539

Nordea Bank AB

    282,404      2,786,650

Ratos AB, Class B*

    10,226      339,186

Sandvik AB

    94,456      1,180,602

Scania AB, Class B

    24,694      390,557

Securitas AB, Class B

    33,160      353,616

Skandinaviska Enskilda Banken AB, Class A*

    140,769      899,326

Skanska AB, Class B

    35,129      638,302

SKF AB, Class B

    38,137      677,641

SSAB AB, Class A

    19,231      345,703

SSAB AB, Class B

    6,711      108,929

Svenska Cellulosa AB, Class B

    52,599      741,570

Svenska Handelsbanken AB, Class A

    41,791      1,224,687

Swedbank AB, Class A*

    50,914      522,495

Swedish Match AB

    22,623      540,776

Tele2 AB, Class B

    23,556      393,111

Telefonaktiebolaget LM Ericsson, Class B

    263,723      2,779,453

TeliaSonera AB*

    189,885      1,347,756

Volvo AB, Class A*

    34,048      337,151

Volvo AB, Class B

    102,966      1,035,991
         
        24,728,653
         

Switzerland (3.0%)

      

ABB Ltd. (Registered)*

    200,162      4,371,900

Actelion Ltd. (Registered)*

    8,468      385,252

Adecco S.A. (Registered)

    12,207      692,895

Aryzta AG

    6,166      270,172

Baloise Holding AG (Registered)

    3,902      346,014

BKW FMB Energie AG

    469      34,850

Cie Financiere Richemont S.A., Class A

    48,877      1,892,686

Credit Suisse Group AG (Registered)

    103,175      5,318,249

GAM Holding Ltd.

    14,601      179,328

Geberit AG (Registered)

    3,724      666,463

Givaudan S.A. (Registered)

    721      632,516

Holcim Ltd. (Registered)*

    23,122      1,723,624

Julius Baer Group Ltd.

    19,712      715,083

Kuehne & Nagel International AG (Registered)

    5,473      553,840

Lindt & Spruengli AG

    79      186,936

Lindt & Spruengli AG (Registered)

    8      216,616

Logitech International S.A. (Registered)*

    13,160      216,546

Lonza Group AG (Registered)

    3,478      283,676

Nestle S.A. (Registered)

    315,200      16,142,640

Nobel Biocare Holding AG (Registered)

    9,433      252,286

Novartis AG (Registered)

    190,203      10,273,199

Pargesa Holding S.A.

    1,755      148,969

Roche Holding AG

    63,573      10,310,113

Schindler Holding AG

    6,009      526,236

SGS S.A. (Registered)

    455      627,437

Sonova Holding AG

    4,227      525,168

STMicroelectronics N.V.

    68,521      682,078

 

See Notes to Portfolio of Investments.

298

EQ ADVISORS TRUST

EQ/GLOBAL MULTI-SECTOR EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Straumann Holding AG (Registered)

    491    $ 122,238

Swatch Group AG

    2,987      952,418

Swatch Group AG (Registered)

    4,003      238,039

Swiss Life Holding AG (Registered)*

    2,239      294,102

Swiss Reinsurance Co., Ltd.*

    32,540      1,601,694

Swisscom AG (Registered)

    2,265      826,605

Syngenta AG (Registered)

    8,772      2,435,927

UBS AG (Registered)*

    320,790      5,214,663

Xstrata plc*

    168,148      3,185,730

Zurich Financial Services AG

    13,173      3,376,955
         
        76,423,143
         

Taiwan (1.6%)

      

Acer, Inc.

    941,089      2,779,588

AU Optronics Corp.

    2,658,160      3,021,588

Cathay Financial Holding Co., Ltd.*

    1,959,750      3,270,570

China Steel Corp.

    2,613,000      2,702,848

Fubon Financial Holding Co. Ltd.*

    2,213,000      2,689,773

Hon Hai Precision Industry Co., Ltd.

    1,690,800      7,320,518

HTC Corp.

    89,935      1,050,629

Lite-On Technology Corp.

    1,058,000      1,404,204

Prime View International Co. Ltd.*

    288,000      521,443

Siliconware Precision Industries Co.

    976,000      1,177,051

Taishin Financial Holding Co., Ltd.*

    1,961,599      796,795

Taiwan Fertilizer Co., Ltd.

    328,000      1,048,303

Taiwan Semiconductor Manufacturing Co., Ltd.

    3,847,133      7,450,050

Uni-President Enterprises Corp.

    1,365,000      1,553,774

Wistron Corp.

    989,967      1,798,636

Yuanta Financial Holding Co., Ltd.

    2,161,000      1,296,273
         
        39,882,043
         

Thailand (0.5%)

      

Bangkok Bank PCL (NVDR)

    610,800      2,484,002

Banpu PCL (NVDR)

    82,200      1,550,704

Kasikornbank PCL

    600      1,911

Kasikornbank PCL (NVDR)

    646,600      1,929,701

PTT Exploration & Production PCL (Foreign)

    257,400      1,182,121

PTT PCL (Foreign)

    124,400      1,007,973

Siam Cement PCL (NVDR)

    150,500      1,196,181

Siam Commercial Bank PCL (Foreign)

    699,400      1,989,943

Total Access Communication PCL

    140,400      162,827

Total Access Communication PCL (NVDR)

    1,269,100      1,471,818
         
        12,977,181
         

Turkey (0.5%)

      

Akbank TAS

    272,747      1,761,107

Anadolu Efes Biracilik Ve Malt Sanayii A/S

    171,859      1,811,724

Coca-Cola Icecek A/S

    123,839      1,052,560

TAV Havalimanlari Holding A/S*

    375,355      1,508,592

Turk Telekomunikasyon A/S

    265,303      891,481

Turkcell Iletisim Hizmet A/S

    247,627      1,509,175

Turkiye Garanti Bankasi A/S

    663,801      3,105,246

Turkiye Halk Bankasi A/S

    143,895      1,042,889
         
        12,682,774
         

United Kingdom (6.9%)

      

3i Group plc

    77,570      342,779

Admiral Group plc

    16,659      333,696

AMEC plc

    25,549      309,777

Anglo American plc*

    116,314      5,072,797

Antofagasta plc

    38,396      605,966

Associated British Foods plc

    34,993      519,602

AstraZeneca plc

    128,091      5,712,772

Autonomy Corp. plc*

    20,701      572,673

Aviva plc

    236,180    $ 1,380,927

BAE Systems plc

    322,016      1,814,392

Balfour Beatty plc

    62,424      276,796

Barclays plc

    999,749      5,466,180

BG Group plc

    297,789      5,153,860

BHP Billiton plc

    194,968      6,686,525

BP plc

    1,659,628      15,700,239

British Airways plc*

    64,416      237,536

British American Tobacco plc

    176,412      6,080,924

British Land Co. plc (REIT)

    82,656      603,446

British Sky Broadcasting Group plc

    103,199      942,759

BT Group plc, Class A

    687,967      1,293,503

Bunzl plc

    23,620      258,430

Burberry Group plc

    32,804      355,679

Cable & Wireless Worldwide plc*

    205,660      287,122

Cairn Energy plc*

    131,430      831,686

Capita Group plc

    57,114      655,662

Carnival plc

    15,332      629,354

Carphone Warehouse Group plc*

    1      1

Centrica plc

    458,225      2,043,653

Cobham plc

    84,846      330,897

Compass Group plc

    170,951      1,364,539

Diageo plc

    224,510      3,768,075

Drax Group plc

    30,428      172,508

Eurasian Natural Resources Corp.

    24,490      442,990

Firstgroup plc

    44,718      243,616

G4S plc

    99,040      393,017

GlaxoSmithKline plc

    460,478      8,843,002

Hammerson plc (REIT)

    63,238      377,521

Home Retail Group plc

    78,441      322,583

HSBC Holdings plc

    1,539,631      15,607,086

ICAP plc

    39,789      225,700

Imperial Tobacco Group plc

    88,989      2,714,320

Inmarsat plc

    33,591      385,366

Intercontinental Hotels Group plc

    22,822      357,406

International Power plc

    123,530      597,800

Invensys plc

    71,451      369,410

Investec plc

    35,869      293,384

J Sainsbury plc

    115,003      571,718

Johnson Matthey plc

    17,038      451,431

Kazakhmys plc*

    21,336      494,403

Kingfisher plc

    221,239      719,805

Land Securities Group plc (REIT)

    70,048      720,699

Legal & General Group plc

    543,306      725,943

Liberty International plc (REIT)

    37,092      283,406

Lloyds Banking Group plc*

    3,437,638      3,274,470

London Stock Exchange Group plc

    10,738      115,775

Lonmin plc*

    11,594      358,564

Man Group plc

    153,868      563,890

Marks & Spencer Group plc

    148,220      832,443

National Grid plc

    222,072      2,161,818

Next plc

    19,241      631,849

Old Mutual plc*

    500,295      930,017

Pearson plc

    73,467      1,154,997

Petrofac Ltd.

    14,617      266,619

Prudential plc

    229,215      1,904,390

Randgold Resources Ltd.

    7,287      554,560

Reckitt Benckiser Group plc

    54,548      2,994,029

Reed Elsevier plc

    114,156      910,333

Resolution Ltd.*

    168,960      210,117

Rexam plc

    66,061      293,625

Rio Tinto plc

    120,804      7,158,649

Rolls-Royce Group plc*

    171,058      1,545,802

Royal Bank of Scotland Group plc*

    1,514,156      1,011,002

RSA Insurance Group plc

    293,530      567,925

 

See Notes to Portfolio of Investments.

299

EQ ADVISORS TRUST

EQ/GLOBAL MULTI-SECTOR EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

SABMiller plc

    248,600    $ 7,304,449

Sage Group plc

    102,347      371,350

Schroders plc

    7,922      169,144

Scottish & Southern Energy plc

    81,065      1,354,408

Segro plc (REIT)

    56,726      275,117

Serco Group plc

    36,703      334,738

Severn Trent plc

    20,180      365,947

Smith & Nephew plc

    78,231      779,368

Smiths Group plc

    30,673      528,766

Standard Chartered plc

    176,611      4,817,429

Standard Life plc

    190,849      580,096

Tesco plc

    701,827      4,637,640

Thomas Cook Group plc

    59,841      245,002

Tomkins plc

    63,589      227,731

TUI Travel plc

    36,884      168,754

Tullow Oil plc

    75,757      1,437,016

Unilever plc

    114,451      3,360,696

United Utilities Group plc

    53,370      452,728

Vedanta Resources plc

    12,710      535,419

Vodafone Group plc

    4,655,795      10,739,057

Whitbread plc

    13,044      291,767

WM Morrison Supermarkets plc

    197,526      879,754

Wolseley plc*

    26,845      648,538

WPP plc

    116,774      1,210,307
         
        174,101,456
         

United States (40.2%)

      

3M Co.

    67,885      5,673,149

Abbott Laboratories, Inc.

    148,021      7,797,746

Abercrombie & Fitch Co., Class A

    9,087      414,731

Adobe Systems, Inc.*

    50,003      1,768,606

Advanced Micro Devices, Inc.*

    51,369      476,191

AES Corp.*

    62,722      689,942

Aetna, Inc.

    41,140      1,444,425

Aflac, Inc.

    44,718      2,427,740

Agilent Technologies, Inc.*

    32,324      1,111,622

Air Products & Chemicals, Inc.

    20,275      1,499,336

Airgas, Inc.

    7,700      489,874

AK Steel Holding Corp.

    11,829      270,411

Akamai Technologies, Inc.*

    16,414      515,564

Alcoa, Inc.

    96,587      1,375,399

Allegheny Energy, Inc.

    15,528      357,144

Allegheny Technologies, Inc.

    9,992      539,468

Allergan, Inc.

    29,395      1,920,081

Allstate Corp.

    51,181      1,653,658

Altera Corp.

    28,376      689,821

Altria Group, Inc.

    198,424      4,071,660

Amazon.com, Inc.*

    32,649      4,431,449

Ameren Corp.

    21,521      561,268

American Electric Power Co., Inc.

    47,418      1,620,747

American Express Co.

    114,095      4,707,560

American International Group, Inc.*

    13,332      455,154

American Tower Corp., Class A*

    37,755      1,608,741

Ameriprise Financial, Inc.

    24,081      1,092,314

AmerisourceBergen Corp.

    28,480      823,642

Amgen, Inc.*

    93,382      5,580,508

Amphenol Corp., Class A

    17,514      738,916

Anadarko Petroleum Corp.

    46,985      3,421,918

Analog Devices, Inc.

    28,403      818,574

Aon Corp.

    25,693      1,097,348

Apache Corp.

    32,137      3,261,906

Apartment Investment & Management Co. (REIT), Class A

    10,761      198,110

Apollo Group, Inc., Class A*

    12,210      748,351

Apple, Inc.*

    86,483      20,317,451

Applied Materials, Inc.

    125,818      1,696,027

Archer-Daniels-Midland Co.

    61,254    $ 1,770,241

Assurant, Inc.

    10,802      371,373

AT&T, Inc.

    562,814      14,543,114

Autodesk, Inc.*

    21,313      627,028

Automatic Data Processing, Inc.

    48,179      2,142,520

AutoNation, Inc.*

    10,283      185,917

AutoZone, Inc.*

    2,947      510,096

AvalonBay Communities, Inc. (REIT)

    8,354      721,368

Avery Dennison Corp.

    10,378      377,863

Avon Products, Inc.

    41,984      1,421,998

Baker Hughes, Inc.

    29,368      1,375,597

Ball Corp.

    8,632      460,776

Bank of America Corp.

    956,680      17,076,738

Bank of New York Mellon Corp.

    115,239      3,558,580

Baxter International, Inc.

    57,490      3,345,918

BB&T Corp.

    65,864      2,133,335

Becton, Dickinson and Co.

    22,472      1,769,221

Bed Bath & Beyond, Inc.*

    25,015      1,094,656

Bemis Co., Inc.

    9,841      282,634

Berkshire Hathaway, Inc., Class B*

    157,832      12,827,007

Best Buy Co., Inc.

    32,697      1,390,930

Big Lots, Inc.*

    7,627      277,775

Biogen Idec, Inc.*

    25,676      1,472,775

BJ Services Co.

    26,776      573,006

BMC Software, Inc.*

    16,992      645,696

Boeing Co.

    72,168      5,240,118

Boston Properties, Inc. (REIT)

    12,875      971,290

Boston Scientific Corp.*

    148,558      1,072,589

Bristol-Myers Squibb Co.

    163,464      4,364,489

Broadcom Corp., Class A

    40,397      1,340,372

Brown-Forman Corp., Class B

    9,687      575,892

C.H. Robinson Worldwide, Inc.

    15,928      889,579

C.R. Bard, Inc.

    9,778      846,970

CA, Inc.

    39,955      937,744

Cabot Oil & Gas Corp.

    10,837      398,802

Cameron International Corp.*

    22,794      976,951

Campbell Soup Co.

    18,265      645,668

Capital One Financial Corp.

    43,395      1,796,987

Cardinal Health, Inc.

    34,502      1,243,107

CareFusion Corp.*

    16,501      436,121

Carnival Corp.

    41,389      1,609,204

Caterpillar, Inc.

    59,598      3,745,734

CB Richard Ellis Group, Inc., Class A*

    23,772      376,786

CBS Corp., Class B

    66,826      931,554

Celgene Corp.*

    43,799      2,713,786

CenterPoint Energy, Inc.

    34,348      493,237

CenturyTel, Inc.

    27,612      979,122

Cephalon, Inc.*

    7,763      526,176

CF Industries Holdings, Inc.

    4,293      391,436

Charles Schwab Corp.

    92,622      1,731,105

Chesapeake Energy Corp.

    62,151      1,469,250

Chevron Corp.

    191,534      14,524,023

Chubb Corp.

    31,275      1,621,609

CIGNA Corp.

    26,206      958,615

Cincinnati Financial Corp.

    14,882      430,090

Cintas Corp.

    12,066      338,934

Cisco Systems, Inc.*

    545,929      14,210,532

Citigroup, Inc.*

    1,873,815      7,588,951

Citrix Systems, Inc.*

    17,533      832,292

Cliffs Natural Resources, Inc.

    12,400      879,780

Clorox Co.

    14,212      911,558

CME Group, Inc.

    6,356      2,009,195

CMS Energy Corp.

    25,759      398,234

Coach, Inc.

    29,946      1,183,466

Coca-Cola Co.

    219,770      12,087,350

 

See Notes to Portfolio of Investments.

300

EQ ADVISORS TRUST

EQ/GLOBAL MULTI-SECTOR EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Coca-Cola Enterprises, Inc.

    29,300    $ 810,438

Cognizant Technology Solutions Corp., Class A*

    28,417      1,448,699

Colgate-Palmolive Co.

    47,087      4,014,638

Comcast Corp., Class A

    270,553      5,091,807

Comerica, Inc.

    16,190      615,868

Computer Sciences Corp.*

    13,999      762,806

Compuware Corp.*

    22,289      187,228

ConAgra Foods, Inc.

    43,172      1,082,322

ConocoPhillips

    141,817      7,256,776

Consol Energy, Inc.

    17,233      735,160

Consolidated Edison, Inc.

    28,279      1,259,547

Constellation Brands, Inc., Class A*

    18,070      297,071

Constellation Energy Group, Inc.

    18,245      640,582

Corning, Inc.

    148,675      3,004,722

Costco Wholesale Corp.

    41,929      2,503,581

Coventry Health Care, Inc.*

    13,617      336,612

CSX Corp.

    37,241      1,895,567

Cummins, Inc.

    19,243      1,192,104

CVS Caremark Corp.

    132,534      4,845,443

D.R. Horton, Inc.

    28,839      363,371

Danaher Corp.

    24,655      1,970,181

Darden Restaurants, Inc.

    14,339      638,659

DaVita, Inc.*

    9,519      603,505

Dean Foods Co.*

    19,263      302,236

Deere & Co.

    40,438      2,404,443

Dell, Inc.*

    164,173      2,464,237

Denbury Resources, Inc.*

    37,310      629,420

DENTSPLY International, Inc.

    13,617      474,552

Devon Energy Corp.

    42,435      2,734,087

DeVry, Inc.

    5,700      371,640

Diamond Offshore Drilling, Inc.

    6,649      590,498

DIRECTV, Class A*

    89,111      3,012,843

Discover Financial Services

    50,755      756,249

Discovery Communications, Inc., Class A*

    28,200      952,878

Dominion Resources, Inc.

    56,896      2,338,995

Dover Corp.

    17,079      798,443

Dow Chemical Co.

    109,731      3,244,746

Dr. Pepper Snapple Group, Inc.

    23,518      827,128

DTE Energy Co.

    15,031      670,383

Duke Energy Corp.

    126,365      2,062,277

Dun & Bradstreet Corp.

    4,882      363,318

E*TRADE Financial Corp.*

    162,341      267,863

E.I. du Pont de Nemours & Co.

    86,148      3,208,152

Eastman Chemical Co.

    6,622      421,689

Eastman Kodak Co.*

    24,652      142,735

Eaton Corp.

    15,782      1,195,802

eBay, Inc.*

    107,749      2,903,836

Ecolab, Inc.

    22,041      968,702

Edison International

    30,305      1,035,522

El Paso Corp.

    65,056      705,207

Electronic Arts, Inc.*

    33,132      618,243

Eli Lilly and Co.

    96,786      3,505,589

EMC Corp.*

    195,626      3,529,093

Emerson Electric Co.

    71,725      3,610,636

Entergy Corp.

    18,565      1,510,263

EOG Resources, Inc.

    23,910      2,222,195

EQT Corp.

    12,016      492,656

Equifax, Inc.

    11,621      416,032

Equity Residential (REIT)

    28,079      1,099,293

Estee Lauder Cos., Inc., Class A

    10,716      695,147

Exelon Corp.

    62,897      2,755,518

Expedia, Inc.

    21,535      537,514

Expeditors International of Washington, Inc.

    19,448    $ 718,020

Express Scripts, Inc.*

    26,223      2,668,452

Exxon Mobil Corp.

    450,986      30,207,042

Family Dollar Stores, Inc.

    14,312      523,962

Fastenal Co.

    11,807      566,618

Federated Investors, Inc., Class B

    8,259      217,872

FedEx Corp.

    29,854      2,788,364

Fidelity National Information Services, Inc.

    32,424      760,019

Fifth Third Bancorp

    78,107      1,061,474

First Horizon National Corp.*

    20,626      289,796

First Solar, Inc.*

    4,600      564,190

FirstEnergy Corp.

    30,695      1,199,868

Fiserv, Inc.*

    14,263      723,990

FLIR Systems, Inc.*

    13,790      388,878

Flowserve Corp.

    5,685      626,885

Fluor Corp.

    17,833      829,413

FMC Corp.

    6,900      417,726

FMC Technologies, Inc.*

    11,300      730,319

Ford Motor Co.*

    321,207      4,037,572

Forest Laboratories, Inc.*

    30,171      946,163

Fortune Brands, Inc.

    13,817      670,263

FPL Group, Inc.

    39,460      1,907,102

Franklin Resources, Inc.

    14,104      1,564,134

Freeport-McMoRan Copper & Gold, Inc.

    41,033      3,427,897

Frontier Communications Corp.

    28,601      212,791

GameStop Corp., Class A*

    17,195      376,742

Gannett Co., Inc.

    24,591      406,243

Gap, Inc.

    45,404      1,049,286

General Dynamics Corp.

    36,763      2,838,104

General Electric Co.

    1,017,495      18,518,409

General Mills, Inc.

    31,391      2,222,169

Genuine Parts Co.

    14,658      619,154

Genworth Financial, Inc., Class A*

    48,580      890,957

Genzyme Corp.*

    25,406      1,316,793

Gilead Sciences, Inc.*

    86,107      3,916,146

Goldman Sachs Group, Inc.

    50,192      8,564,261

Goodrich Corp.

    11,948      842,573

Goodyear Tire & Rubber Co.*

    22,137      279,812

Google, Inc., Class A*

    23,046      13,067,312

H&R Block, Inc.

    31,156      554,577

H.J. Heinz Co.

    29,613      1,350,649

Halliburton Co.

    86,188      2,596,844

Harley-Davidson, Inc.

    23,445      658,101

Harman International Industries, Inc.*

    6,330      296,117

Harris Corp.

    12,166      577,763

Hartford Financial Services Group, Inc.

    37,791      1,074,020

Hasbro, Inc.

    12,848      491,821

HCP, Inc. (REIT)

    27,155      896,115

Health Care REIT, Inc. (REIT)

    12,970      586,633

Helmerich & Payne, Inc.

    10,700      407,456

Hershey Co.

    15,190      650,284

Hess Corp.

    27,798      1,738,765

Hewlett-Packard Co.

    224,470      11,930,580

Home Depot, Inc.

    162,153      5,245,650

Honeywell International, Inc.

    72,901      3,300,228

Hormel Foods Corp.

    6,471      271,847

Hospira, Inc.*

    14,817      839,383

Host Hotels & Resorts, Inc. (REIT)

    59,800      876,070

Hudson City Bancorp, Inc.

    48,876      692,084

Humana, Inc.*

    16,941      792,331

Huntington Bancshares, Inc./Ohio

    62,636      336,355

Illinois Tool Works, Inc.

    36,877      1,746,495

 

See Notes to Portfolio of Investments.

301

EQ ADVISORS TRUST

EQ/GLOBAL MULTI-SECTOR EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Integrys Energy Group, Inc.

    7,030    $ 333,081

Intel Corp.

    526,736      11,725,143

IntercontinentalExchange, Inc.*

    6,836      766,862

International Business Machines Corp.

    123,877      15,887,225

International Flavors & Fragrances, Inc.

    7,190      342,747

International Game Technology

    27,362      504,829

International Paper Co.

    41,329      1,017,107

Interpublic Group of Cos., Inc.*

    43,770      364,166

Intuit, Inc.*

    29,946      1,028,346

Intuitive Surgical, Inc.*

    3,625      1,261,971

Invesco Ltd.

    42,517      931,547

Iron Mountain, Inc.

    16,468      451,223

ITT Corp.

    18,419      987,443

J.C. Penney Co., Inc.

    22,553      725,530

J.M. Smucker Co.

    10,902      656,955

Jabil Circuit, Inc.

    19,260      311,819

Jacobs Engineering Group, Inc.*

    11,361      513,404

Janus Capital Group, Inc.

    16,495      235,714

JDS Uniphase Corp.*

    20,236      253,557

Johnson & Johnson

    262,397      17,108,284

Johnson Controls, Inc.

    64,452      2,126,271

JPMorgan Chase & Co.

    378,859      16,953,940

Juniper Networks, Inc.*

    50,116      1,537,559

Kellogg Co.

    24,182      1,292,044

KeyCorp

    80,433      623,356

Kimberly-Clark Corp.

    39,706      2,496,713

Kimco Realty Corp. (REIT)

    39,613      619,547

King Pharmaceuticals, Inc.*

    22,782      267,916

KLA-Tencor Corp.

    17,714      547,717

Kohl’s Corp.*

    29,208      1,600,014

Kraft Foods, Inc., Class A

    165,612      5,008,107

Kroger Co.

    62,010      1,343,137

L-3 Communications Holdings, Inc.

    11,602      1,063,091

Laboratory Corp. of America Holdings*

    10,697      809,870

Legg Mason, Inc.

    15,972      457,917

Leggett & Platt, Inc.

    14,366      310,880

Lennar Corp., Class A

    17,445      300,228

Leucadia National Corp.*

    17,119      424,722

Lexmark International, Inc., Class A*

    8,354      301,412

Life Technologies Corp.*

    18,101      946,139

Limited Brands, Inc.

    26,779      659,299

Lincoln National Corp.

    28,315      869,271

Linear Technology Corp.

    23,140      654,399

Lockheed Martin Corp.

    30,064      2,501,926

Loews Corp.

    34,180      1,274,230

Lorillard, Inc.

    14,755      1,110,166

Lowe’s Cos., Inc.

    140,412      3,403,587

LSI Corp.*

    59,444      363,797

M&T Bank Corp.

    7,481      593,842

Macy’s, Inc.

    40,124      873,499

Marathon Oil Corp.

    67,536      2,136,839

Marriott International, Inc., Class A

    24,972      787,117

Marsh & McLennan Cos., Inc.

    49,471      1,208,082

Marshall & Ilsley Corp.

    46,306      372,763

Masco Corp.

    32,966      511,632

Massey Energy Co.

    8,473      443,053

Mastercard, Inc., Class A

    9,186      2,333,244

Mattel, Inc.

    34,680      788,623

McAfee, Inc.*

    14,367      576,548

McCormick & Co., Inc.(Non-Voting)

    11,952      458,479

McDonald’s Corp.

    102,551      6,842,203

McGraw-Hill Cos., Inc.

    31,113      1,109,178

McKesson Corp.

    25,693      1,688,544

Mead Johnson Nutrition Co., Class A

    69,293    $ 3,605,315

MeadWestvaco Corp.

    15,745      402,285

Medco Health Solutions, Inc.*

    44,201      2,853,617

Medtronic, Inc.

    105,310      4,742,109

MEMC Electronic Materials, Inc.*

    20,540      314,878

Merck & Co., Inc.

    297,078      11,095,863

Meredith Corp.

    2,396      82,446

MetLife, Inc.

    78,128      3,386,068

MetroPCS Communications, Inc.*

    23,200      164,256

Microchip Technology, Inc.

    19,406      546,473

Micron Technology, Inc.*

    81,084      842,463

Microsoft Corp.

    727,539      21,295,067

Millipore Corp.*

    5,085      536,976

Molex, Inc.

    12,702      264,964

Molson Coors Brewing Co., Class B

    14,317      602,173

Monsanto Co.

    52,013      3,714,768

Monster Worldwide, Inc.*

    11,580      192,344

Moody’s Corp.

    19,838      590,180

Morgan Stanley

    132,098      3,869,150

Motorola, Inc.*

    220,542      1,548,205

Murphy Oil Corp.

    17,852      1,003,104

Mylan, Inc.*

    29,281      664,972

NASDAQ OMX Group, Inc.*

    12,826      270,885

National Oilwell Varco, Inc.

    39,878      1,618,249

National Semiconductor Corp.

    25,570      369,486

NetApp, Inc.*

    32,851      1,069,629

New York Times Co., Class A*

    10,749      119,636

Newell Rubbermaid, Inc.

    25,498      387,570

Newmont Mining Corp.

    46,528      2,369,671

News Corp., Class A

    214,904      3,096,767

Nicor, Inc.

    3,866      162,063

NIKE, Inc., Class B

    37,144      2,730,084

NiSource, Inc.

    25,211      398,334

Noble Energy, Inc.

    16,214      1,183,622

Nordstrom, Inc.

    16,623      679,050

Norfolk Southern Corp.

    35,239      1,969,508

Northeast Utilities

    16,087      444,645

Northern Trust Corp.

    23,953      1,323,643

Northrop Grumman Corp.

    28,863      1,892,547

Novell, Inc.*

    31,039      185,924

Novellus Systems, Inc.*

    11,078      276,950

NRG Energy, Inc.*

    12,809      267,708

Nucor Corp.

    30,027      1,362,625

NVIDIA Corp.*

    52,867      918,828

NYSE Euronext

    24,315      719,967

Occidental Petroleum Corp.

    77,415      6,544,664

Office Depot, Inc.*

    25,194      201,048

Omnicom Group, Inc.

    29,140      1,130,923

ONEOK, Inc.

    10,500      479,325

Oracle Corp.

    372,768      9,576,410

O’Reilly Automotive, Inc.*

    14,253      594,493

Owens-Illinois, Inc.*

    15,541      552,327

PACCAR, Inc.

    34,566      1,498,090

Pactiv Corp.*

    12,066      303,822

Pall Corp.

    10,788      436,806

Parker Hannifin Corp.

    16,123      1,043,803

Patterson Cos., Inc.

    8,395      260,665

Paychex, Inc.

    30,646      940,832

Peabody Energy Corp.

    25,647      1,172,068

People’s United Financial, Inc.

    36,975      578,289

Pepco Holdings, Inc.

    20,226      346,876

PepsiCo, Inc.

    156,673      10,365,486

PerkinElmer, Inc.

    10,705      255,850

Pfizer, Inc.

    769,590      13,198,468

PG&E Corp.

    35,039      1,486,354

 

See Notes to Portfolio of Investments.

302

EQ ADVISORS TRUST

EQ/GLOBAL MULTI-SECTOR EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Philip Morris International, Inc.

    179,348    $ 9,354,792

Pinnacle West Capital Corp.

    9,251      349,040

Pioneer Natural Resources Co.

    11,616      654,213

Pitney Bowes, Inc.

    18,889      461,836

Plum Creek Timber Co., Inc. (REIT)

    16,868      656,334

PNC Financial Services Group, Inc.

    49,297      2,943,031

Polo Ralph Lauren Corp.

    5,171      439,742

PPG Industries, Inc.

    15,382      1,005,983

PPL Corp.

    35,207      975,586

Praxair, Inc.

    29,249      2,427,667

Precision Castparts Corp.

    13,312      1,686,764

priceline.com, Inc.*

    4,300      1,096,500

Principal Financial Group, Inc.

    30,101      879,250

Procter & Gamble Co.

    277,006      17,526,170

Progress Energy, Inc.

    28,466      1,120,422

Progressive Corp.

    63,580      1,213,742

ProLogis (REIT)

    46,111      608,665

Prudential Financial, Inc.

    44,324      2,681,602

Public Service Enterprise Group, Inc.

    50,301      1,484,886

Public Storage (REIT)

    12,948      1,191,087

Pulte Group, Inc.*

    30,856      347,130

QLogic Corp.*

    12,648      256,754

QUALCOMM, Inc.

    160,273      6,729,863

Quanta Services, Inc.*

    18,900      362,124

Quest Diagnostics, Inc.

    14,372      837,744

Questar Corp.

    15,923      687,874

Qwest Communications International, Inc.

    136,490      712,478

R.R. Donnelley & Sons Co.

    18,874      402,960

RadioShack Corp.

    13,307      301,137

Range Resources Corp.

    15,163      710,690

Raytheon Co.

    36,127      2,063,574

Red Hat, Inc.*

    17,300      506,371

Regions Financial Corp.

    117,963      926,010

Republic Services, Inc.

    29,832      865,725

Reynolds American, Inc.

    15,450      833,991

Robert Half International, Inc.

    13,990      425,716

Rockwell Automation, Inc.

    12,985      731,835

Rockwell Collins, Inc.

    14,558      911,185

Roper Industries, Inc.

    8,800      508,992

Ross Stores, Inc.

    11,300      604,211

Rowan Cos., Inc.*

    12,129      353,075

Ryder System, Inc.

    5,971      231,436

Safeway, Inc.

    37,056      921,212

SAIC, Inc.*

    27,600      488,520

Salesforce.com, Inc.*

    10,124      753,732

SanDisk Corp.*

    21,799      754,899

Sara Lee Corp.

    64,777      902,344

SCANA Corp.

    11,161      419,542

Schlumberger Ltd.

    114,905      7,291,871

Scripps Networks Interactive, Inc., Class A

    8,281      367,262

Sealed Air Corp.

    14,553      306,777

Sears Holdings Corp.*

    4,985      540,524

Sempra Energy

    23,064      1,150,894

Sherwin-Williams Co.

    9,592      649,187

Sigma-Aldrich Corp.

    11,161      598,899

Simon Property Group, Inc. (REIT)

    27,644      2,319,332

SLM Corp.*

    43,664      546,673

Smith International, Inc.

    24,381      1,043,994

Snap-On, Inc.

    5,266      228,228

Southern Co.

    77,586      2,572,752

Southwest Airlines Co.

    68,584      906,680

Southwestern Energy Co.*

    33,042      1,345,470

Spectra Energy Corp.

    60,849      1,370,928

Sprint Nextel Corp.*

    280,294    $ 1,065,117

St. Jude Medical, Inc.*

    31,029      1,273,740

Stanley Black & Decker, Inc.

    14,304      821,193

Staples, Inc.

    68,555      1,603,501

Starbucks Corp.*

    70,852      1,719,578

Starwood Hotels & Resorts Worldwide, Inc.

    18,692      871,795

State Street Corp.

    47,256      2,133,136

Stericycle, Inc.*

    9,000      490,500

Stryker Corp.

    26,626      1,523,540

Sunoco, Inc.

    12,216      362,937

SunTrust Banks, Inc.

    47,607      1,275,392

SUPERVALU, Inc.

    22,035      367,544

Symantec Corp.*

    76,879      1,300,793

Synthes, Inc.

    5,827      727,270

Sysco Corp.

    56,493      1,666,543

T. Rowe Price Group, Inc.

    25,542      1,403,022

Target Corp.

    71,716      3,772,262

TECO Energy, Inc.

    19,546      310,586

Tellabs, Inc.

    36,273      274,587

Tenet Healthcare Corp.*

    38,243      218,750

Teradata Corp.*

    15,863      458,282

Teradyne, Inc.*

    15,946      178,117

Tesoro Corp.

    15,599      216,826

Texas Instruments, Inc.

    118,419      2,897,713

Textron, Inc.

    27,450      582,764

Thermo Fisher Scientific, Inc.*

    39,065      2,009,504

Tiffany & Co.

    12,748      605,403

Time Warner Cable, Inc.

    33,461      1,783,806

Time Warner, Inc.

    109,627      3,428,036

Titanium Metals Corp.*

    7,825      129,817

TJX Cos., Inc.

    39,978      1,699,865

Torchmark Corp.

    7,614      407,425

Total System Services, Inc.

    18,114      283,665

Travelers Cos., Inc.

    48,947      2,640,201

Tyson Foods, Inc., Class A

    27,695      530,359

U.S. Bancorp

    182,432      4,721,340

Union Pacific Corp.

    48,193      3,532,547

United Parcel Service, Inc., Class B

    94,635      6,095,440

United States Steel Corp.

    13,716      871,240

United Technologies Corp.

    89,309      6,574,035

UnitedHealth Group, Inc.

    110,424      3,607,552

Unum Group

    30,546      756,624

Urban Outfitters, Inc.*

    13,300      505,799

Valero Energy Corp.

    53,871      1,061,259

Varian Medical Systems, Inc.*

    11,548      638,951

Ventas, Inc. (REIT)

    15,550      738,314

VeriSign, Inc.*

    18,824      489,612

Verizon Communications, Inc.

    270,419      8,388,397

VF Corp.

    9,087      728,323

Viacom, Inc., Class B*

    57,907      1,990,843

Visa, Inc., Class A

    42,600      3,877,878

Vornado Realty Trust (REIT)

    14,740      1,115,818

Vulcan Materials Co.

    11,383      537,733

W.W. Grainger, Inc.

    6,403      692,292

Walgreen Co.

    93,975      3,485,533

Wal-Mart Stores, Inc.

    203,434      11,310,930

Walt Disney Co.

    184,989      6,457,966

Washington Post Co., Class B

    552      245,187

Waste Management, Inc.

    46,687      1,607,433

Waters Corp.*

    8,805      594,690

Watson Pharmaceuticals, Inc.*

    9,624      401,994

WellPoint, Inc.*

    42,275      2,721,665

Wells Fargo & Co.

    494,096      15,376,268

Western Digital Corp.*

    21,800      849,982

 

See Notes to Portfolio of Investments.

303

EQ ADVISORS TRUST

EQ/GLOBAL MULTI-SECTOR EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Western Union Co.

      65,096    $ 1,104,028

Weyerhaeuser Co.

      21,162      958,004

Whirlpool Corp.

      7,508      655,073

Whole Foods Market, Inc.*

      15,899      574,749

Williams Cos., Inc.

      55,674      1,286,069

Windstream Corp.

      39,394      429,001

Wisconsin Energy Corp.

      10,716      529,478

Wyndham Worldwide Corp.

      16,306      419,553

Wynn Resorts Ltd.

      6,576      498,658

Xcel Energy, Inc.

      42,013      890,676

Xerox Corp.

      128,961      1,257,370

Xilinx, Inc.

      26,366      672,333

XTO Energy, Inc.

      56,701      2,675,153

Yahoo!, Inc.*

      113,463      1,875,543

Yum! Brands, Inc.

      44,785      1,716,609

Zimmer Holdings, Inc.*

      20,253      1,198,978

Zions Bancorp

      14,702      320,798
         
        1,008,983,812
         

Total Common Stocks (95.9%)
(Cost $1,817,477,596)

         2,406,919,091
         

INVESTMENT COMPANY:

      

Exchange Traded Fund (ETF) (0.3%)

      

SPDR Trust Series 1
(Cost $5,943,438)

      70,700      8,271,193
         
     Number of
Rights		    Value
(Note 1)

RIGHTS:

      

Germany (0.0%)

      

Volkswagen AG, expiring 4/13/10*
(Cost $—)

      12,226      7,596
         
     Principal
Amount		    Value
(Note 1)

SHORT-TERM INVESTMENTS:

      

Short-Term Investment of Cash Collateral for Securities Loaned (0.3%)

      

Goldman Sachs & Co., Repurchase Agreement

      

0.01%, 4/1/10 (v)

    $ 6,807,688      6,807,688
         

Time Deposit (0.5%)

      

JPMorgan Chase Nassau

      

0.000%, 4/1/10

      13,376,152      13,376,152
         

Total Short-Term Investments (0.8%)
(Amortized Cost $20,183,840)

         20,183,840
         

Total Investments (97.0%)
(Cost/Amortized Cost $1,843,604,874)

         2,435,381,720

Other Assets Less Liabilities (3.0%)

         76,106,213
         

Net Assets (100%)

       $ 2,511,487,933
         

 

* Non-income producing.

 

^ All, or a portion of security out on loan (See Note 1).

 

† Securities (totaling $2,067,151 or 0.1% of net assets) at fair value by management.

 

(b) Illiquid Security.

 

(m) Regulation S is an exemption for securities offerings that are made outside of the United States and do not involve direct selling efforts in the United States. Resale restrictions may apply for purposes of the Securities Act of 1933.

 

(v) Represents the Portfolio’s undivided interest in a joint repurchase agreement. The repurchase agreement was fully collateralized by U.S. government agency securities at the date of this Portfolio of Investments as follows: Government National Mortgage Association, 3.500%-15.000%, maturing 7/15/10 to 3/20/40, which had a total value of $6,943,842.

Glossary:

ADR — American Depositary Receipt

CDI — Chess Depositary Interest

CVA — Dutch Certification

FDR — Finnish Depositary Receipt

GDR — Global Depositary Receipt

NVDR — Non-Voting Depositary Receipt

PPS — Price Protected Share

REIT — Real Estate Investment Trust

RNC — Risparmio Non-Convertible Savings Shares

SDR — Swedish Certification

 

Market Sector Diversification   
As a Percentage of Total Net Assets   

Consumer Discretionary

    9.0 % 

Consumer Staples

    10.8   

Energy

    9.7   

Exchange Traded Funds

    0.3   

Financials

    20.9   

Health Care

    8.3   

Industrials

    9.1   

Information Technology

    12.0   

Materials

    6.5   

Telecommunication Services

    5.7   

Utilities

    3.9   

Cash and Other

    3.8   
      
   100.0 % 
      

 

See Notes to Portfolio of Investments.

304

EQ ADVISORS TRUST

EQ/GLOBAL MULTI-SECTOR EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

At March 31, 2010, the Portfolio had the following futures contracts open: (Note 1)

 

     Number of
Contracts		    Expiration
Date		    Original
Value		    Value at
3/31/2010		    Unrealized
Appreciation/
(Depreciation)

Purchases

               

Dow Jones EURO Stoxx 50 Index

    575    June-10    $ 22,013,891    $ 22,141,543    $ 127,652

E-Mini MSCI EAFE Index

    55    June-10      4,257,690      4,327,950      70,260

FTSE 100 Index

    181    June-10      15,343,914      15,410,220      66,306

Hang Seng Index

    10    April-10      1,330,704      1,367,164      36,460

OMXS 30 Index

    134    April-10      1,881,069      1,888,278      7,209

S&P 500 Index

    39    June-10      11,259,450      11,360,700      101,250

SPI 200 Index

    62    June-10      6,902,874      6,939,682      36,808

TOPIX Index

    168    June-10      16,729,524      17,565,515      835,991
                  
               $ 1,281,936
                  

The following is a summary of the inputs used to value the Portfolio’s assets and liabilities carried at fair value as of March 31, 2010:

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, money market securities are valued using amortized cost, in accordance with rules under the Investment Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active market, such securities are reflected as Level 2.

Various inputs are used in determining the value of the Portfolio’s investments. These inputs are summarized in the three broad levels listed below:

 

Investment Type

    Level 1
Quoted prices  in active
markets for identical
securities		    Level 2
Significant other
observable inputs
(including quoted  prices
for similar securities,
interest  rates,
prepayment speeds,
credit risk, etc.)		    Level 3
Significant  unobservable
inputs (including the
Portfolio’s  own
assumptions in
determining the  fair
value of investments)		    Total

Assets:

            

Common Stocks

            

Consumer Discretionary

    $ 113,299,681    $ 132,694,716    $ 154,748    $ 246,149,145

Consumer Staples

      139,550,059      125,883,416      —        265,433,475

Energy

      129,759,323      101,634,699      988,368      232,382,390

Financials

      181,583,652      328,092,028      924,035      510,599,715

Health Care

      122,434,047      81,837,026      —        204,271,073

Industrials

      106,653,706      131,664,293      —        238,317,999

Information Technology

      197,250,044      104,303,631      —        301,553,675

Materials

      48,693,723      130,177,492      —        178,871,215

Telecommunication Services

      45,566,910      87,859,746      —        133,426,656

Utilities

      34,403,407      61,510,341      —        95,913,748

Futures

      1,281,936      —        —        1,281,936

Investment Companies

            

Exchange Traded Funds (ETFs)

      8,271,193      —        —        8,271,193

Rights

            

Consumer Discretionary

      —        7,596      —        7,596

Short-Term Investments

      —        20,183,840      —        20,183,840
                           

Total Assets

    $ 1,128,747,681    $ 1,305,848,824    $ 2,067,151    $ 2,436,663,656
                           

Total Liabilities

    $ —      $ —      $ —      $ —  
                           

Total

    $ 1,128,747,681    $ 1,305,848,824    $ 2,067,151    $ 2,436,663,656
                           

 

See Notes to Portfolio of Investments.

305

EQ ADVISORS TRUST

EQ/GLOBAL MULTI-SECTOR EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:

 

     Investments in Securities-
Consumer Discretionary		    Investments in
Securities-Energy		    Investments in
Securities-Financials

Balance as of 12/31/09

    $ —      $ —      $ —  

Total gains or losses (realized/unrealized) included in earnings

      26,226      69,035      88,293

Purchases, sales, issuances, and settlements (net)

      —        87,218      —  

Transfers into Level 3

      128,522      832,115      835,742

Transfers out of Level 3

      —        —        —  
                    

Balance as of 3/31/10

    $ 154,748    $ 988,368    $ 924,035
                    

The amount of total gains or losses for the year included in earnings attributable to the change in unrealized gains or losses relating to assets and liabilities still held at period ending 3/31/10.

    $ 26,226    $ 69,035    $ 88,293

 

     Investments in
Securities-Industrials		     Investments in Securities-
Telecommunication Services		  

Balance as of 12/31/09

    $ 16,724      $ 614,908   

Total gains or losses (realized/unrealized) included in earnings

      (162 )      15,374   

Purchases, sales, issuances, and settlements (net)

      (16,562 )      (630,282 ) 

Transfers into Level 3

      —          —     

Transfers out of Level 3

      —          —     
                

Balance as of 3/31/10

    $ —        $ —     
                

The amount of total gains or losses for the year included in earnings attributable to the change in unrealized gains or losses relating to assets and liabilities still held at period ending 3/31/10.

    $ —        $ —     

Investment security transactions for the three months ended March 31, 2010 were as follows:

 

Cost of Purchases:

   

Stocks and long-term corporate debt securities

    $ 91,544,718

Net Proceeds of Sales and Redemptions:

   

Stocks and long-term corporate debt securities

    $ 93,726,016

As of March 31, 2010, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investments for Federal income tax purposes was as follows:

 

Aggregate gross unrealized appreciation

    $ 559,323,833   

Aggregate gross unrealized depreciation

      (15,496,073 ) 
        

Net unrealized appreciation

    $ 543,827,760   
        

Federal income tax cost of investments

    $ 1,891,553,960   
        

At March 31, 2010, the Portfolio had loaned securities with a total value of $6,185,323. This was secured by collateral of $6,807,688, which was received as cash and subsequently invested in short-term investments currently valued at $6,807,688, as reported in the Portfolio of Investments.

The Portfolio has a net capital loss carryforward of $898,047,754 of which $69,721,524 expires in the year 2016, and $828,326,230 expires in the year 2017.

 

See Notes to Portfolio of Investments.

306

EQ ADVISORS TRUST

EQ/INTERMEDIATE GOVERNMENT BOND INDEX PORTFOLIO

PORTFOLIO OF INVESTMENTS

March 31, 2010 (Unaudited)

 

     Principal
Amount		    Value
(Note 1)

LONG-TERM DEBT SECURITIES:

      

Corporate Bonds (4.0%)

      

Financials (3.8%)

      

Capital Markets (0.6%)

      

Citigroup Funding, Inc.

      

1.250%, 6/3/11^

    $ 1,000,000    $ 1,005,722

Goldman Sachs Group, Inc.

      

1.625%, 7/15/11

      1,400,000      1,415,774

2.150%, 3/15/12

      500,000      509,375

3.250%, 6/15/12

      2,000,000      2,085,392

Morgan Stanley

      

2.000%, 9/22/11

      1,000,000      1,016,797

3.250%, 12/1/11

      1,500,000      1,555,197

2.250%, 3/13/12

      500,000      510,147

1.950%, 6/20/12

      1,700,000      1,725,658
         
        9,824,062
         

Commercial Banks (1.2%)

      

American Express Bank FSB

      

3.150%, 12/9/11^

      1,700,000      1,762,150

Citibank N.A.

      

1.375%, 8/10/11

      900,000      907,270

1.250%, 9/22/11

      1,250,000      1,258,140

1.875%, 5/7/12

      500,000      506,484

1.875%, 6/4/12^

      1,500,000      1,518,141

GMAC, Inc.

      

1.750%, 10/30/12

      2,000,000      2,011,570

2.200%, 12/19/12

      2,000,000      2,030,054

HSBC USA, Inc.

      

3.125%, 12/16/11

      1,450,000      1,501,187

KeyBank N.A.

      

3.200%, 6/15/12

      650,000      675,044

PNC Funding Corp.

      

1.875%, 6/22/11

      250,000      252,908

2.300%, 6/22/12

      1,300,000      1,329,493

Regions Bank/Alabama

      

3.250%, 12/9/11

      1,300,000      1,348,356

Sovereign Bank

      

2.750%, 1/17/12

      550,000      566,948

SunTrust Bank/Georgia

      

3.000%, 11/16/11

      1,000,000      1,032,525

U.S. Bancorp

      

1.800%, 5/15/12^

      1,680,000      1,699,078

Wells Fargo & Co.

      

3.000%, 12/9/11

      1,320,000      1,362,964

2.125%, 6/15/12

      1,000,000      1,015,413
         
        20,777,725
         
Diversified Financial Services (1.9%)      

Bank of America Corp.

      

2.100%, 4/30/12

      2,400,000      2,444,196

3.125%, 6/15/12

      3,000,000      3,117,360

2.375%, 6/22/12^

      1,000,000      1,024,538

Citigroup Funding, Inc.

      

1.375%, 5/5/11

      500,000      503,937

2.125%, 7/12/12

      245,000      249,393

1.875%, 10/22/12

      1,800,000      1,814,361

2.250%, 12/10/12

      2,000,000      2,032,460

Citigroup, Inc.

      

2.875%, 12/9/11

      1,500,000      1,547,746

2.125%, 4/30/12

      4,800,000      4,887,869

General Electric Capital Corp.

      

3.000%, 12/9/11

      2,100,000      2,170,130

2.250%, 3/12/12

      1,000,000      1,021,267

2.200%, 6/8/12

      2,350,000      2,393,618

2.125%, 12/21/12

    $
 1,010,000
    $ 1,023,214

2.625%, 12/28/12

      1,000,000      1,026,908

John Deere Capital Corp.

      

2.875%, 6/19/12

      1,050,000      1,086,422

JPMorgan Chase & Co.

      

3.125%, 12/1/11

      2,000,000      2,069,508

2.200%, 6/15/12

      1,475,000      1,503,968

2.125%, 6/22/12

      1,200,000      1,222,660

2.125%, 12/26/12

      1,450,000      1,470,633

Private Export Funding Corp.

      

5.685%, 5/15/12

      450,000      491,639

4.550%, 5/15/15

      600,000      643,642

4.950%, 11/15/15

      200,000      217,678
         
        33,963,147
         
Thrifts & Mortgage Finance (0.1%)      

Santander Holdings USA, Inc.

      

2.500%, 6/15/12

      400,000      409,391

U.S. Central Federal Credit Union

      

1.250%, 10/19/11

      1,000,000      1,005,989

1.900%, 10/19/12

      500,000      504,607

Western Corporate Federal Credit Union

      

1.750%, 11/2/12^

      700,000      702,018
         
        2,622,005
         

Total Financials

         67,186,939
         

Utilities (0.2%)

      
Independent Power Producers & Energy Traders (0.2%)      

Tennessee Valley Authority

      

4.750%, 8/1/13

      1,500,000      1,629,839

5.500%, 7/18/17

      2,000,000      2,227,886
         

Total Utilities

         3,857,725
         

Total Corporate Bonds

         71,044,664
         

Government Securities (73.2%)

      
Agency ABS (3.7%)      

Federal Farm Credit Bank

      

0.875%, 12/9/11

      250,000      249,549

1.050%, 12/23/11

      250,000      250,167

1.125%, 1/6/12

      250,000      249,612

1.830%, 12/3/12

      200,000      199,604

1.625%, 12/24/12

      250,000      249,372

1.750%, 2/21/13

      2,900,000      2,893,028

2.480%, 10/28/13

      200,000      200,352

2.375%, 11/4/13

      100,000      100,109

Federal Home Loan Bank

      

0.800%, 6/30/11

      250,000      249,618

0.750%, 7/8/11

      1,000,000      1,000,233

1.250%, 10/19/11

      250,000      250,346

1.375%, 10/19/11

      1,000,000      1,000,520

1.000%, 12/28/11

      1,500,000      1,499,703

1.200%, 1/19/12

      200,000      199,781

1.125%, 3/23/12

      100,000      99,749

1.200%, 3/26/12

      250,000      249,030

1.350%, 4/9/12

      600,000      599,188

1.625%, 4/27/12

      250,000      250,226

1.125%, 5/18/12

      1,000,000      997,223

1.375%, 6/11/12

      250,000      250,261

1.550%, 8/10/12

      200,000      200,262

1.900%, 10/15/12

      250,000      250,786

1.750%, 12/14/12

      1,000,000      1,003,177

1.850%, 12/21/12

      500,000      498,061

1.500%, 1/16/13^

      1,500,000      1,497,333

 

See Notes to Portfolio of Investments.

307

EQ ADVISORS TRUST

EQ/INTERMEDIATE GOVERNMENT BOND INDEX PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Principal
Amount		    Value
(Note 1)

2.000%, 2/19/13

    $ 100,000    $ 100,090

2.000%, 3/4/13

      200,000      199,707

2.000%, 3/15/13

      250,000      249,198

1.625%, 3/20/13

      1,800,000      1,798,088

2.300%, 9/5/13

      500,000      499,628

2.350%, 10/7/13

      300,000      300,267

3.125%, 12/13/13

      1,000,000      1,039,173

3.000%, 12/29/14

      100,000      99,359

3.000%, 1/29/15

      250,000      250,139

3.000%, 3/2/15

      100,000      99,960

3.250%, 3/19/15

      250,000      250,346

Federal Home Loan Mortgage Corp.

      

0.750%, 9/15/11

      500,000      498,306

1.200%, 11/10/11

      250,000      249,917

1.250%, 12/15/11

      1,000,000      996,973

1.250%, 12/21/11

      1,000,000      997,420

1.000%, 12/22/11

      200,000      199,291

1.125%, 12/30/11

      250,000      248,921

1.300%, 1/12/12

      250,000      249,869

1.250%, 1/19/12

      200,000      199,749

1.375%, 1/25/12

      100,000      100,160

1.250%, 1/27/12

      300,000      299,843

1.300%, 3/30/12

      450,000      448,155

1.500%, 4/19/12

      100,000      100,050

1.125%, 4/25/12

      500,000      499,088

1.250%, 6/15/12

      100,000      99,376

1.600%, 10/15/12

      200,000      199,744

2.000%, 11/5/12

      1,000,000      1,004,207

1.700%, 12/17/12

      500,000      498,294

1.375%, 1/9/13^

      1,500,000      1,488,326

1.875%, 3/8/13

      500,000      498,166

2.000%, 3/11/13

      100,000      99,886

1.800%, 3/18/13

      100,000      99,373

2.000%, 3/29/13

      700,000      698,733

2.100%, 4/12/13

      250,000      250,130

1.625%, 4/15/13

      1,000,000      994,195

2.260%, 4/30/13

      250,000      250,326

2.000%, 5/8/13

      200,000      200,021

2.125%, 6/18/13

      200,000      198,875

2.125%, 8/26/13

      500,000      500,194

2.200%, 12/17/13

      100,000      99,221

3.000%, 12/30/14

      250,000      249,482

3.150%, 1/22/15

      900,000      903,546

3.500%, 1/26/15

      100,000      100,205

2.875%, 2/9/15

      2,000,000      2,012,282

3.000%, 2/17/15

      1,000,000      994,190

3.000%, 3/10/15

      100,000      100,255

3.000%, 3/16/15

      300,000      299,885

3.125%, 3/16/15

      250,000      250,682

3.000%, 3/17/15

      500,000      502,630

3.050%, 4/9/15

      100,000      99,774

3.000%, 4/15/15

      100,000      99,813

4.750%, 1/22/20

      500,000      504,504

4.500%, 2/26/20

      200,000      200,592

Federal National Mortgage Association

      

1.250%, 1/6/12

      250,000      249,828

0.875%, 1/12/12^

      1,500,000      1,494,109

1.000%, 4/4/12^

      2,000,000      1,991,804

1.250%, 4/5/12

      300,000      298,956

1.625%, 4/30/12

      250,000      250,195

1.550%, 9/17/12

      200,000      198,806

1.500%, 9/24/12

      200,000      199,300

2.050%, 10/19/12

      500,000      500,388

1.800%, 12/21/12

      300,000      298,683

1.750%, 12/28/12

      500,000      499,256

2.000%, 1/15/13

    $ 150,000    $ 150,221

2.250%, 1/15/13

      100,000      100,340

2.050%, 1/28/13

      600,000      598,884

1.800%, 2/8/13

      300,000      299,765

1.875%, 2/19/13

      100,000      99,812

2.000%, 2/19/13

      500,000      499,889

1.750%, 2/22/13

      2,000,000      2,001,580

1.750%, 2/25/13

      100,000      99,663

2.000%, 3/1/13

      200,000      199,707

1.800%, 3/15/13^

      850,000      846,119

1.850%, 3/25/13

      450,000      447,981

2.000%, 4/8/13

      600,000      599,138

2.150%, 4/12/13

      250,000      250,817

1.750%, 5/7/13

      3,600,000      3,590,831

2.050%, 8/26/13

      200,000      199,389

2.125%, 9/10/13

      300,000      300,512

2.100%, 9/16/13

      600,000      597,066

2.500%, 3/3/14

      100,000      100,124

3.250%, 11/5/14

      250,000      250,643

3.125%, 11/10/14

      1,000,000      1,010,112

2.625%, 12/10/14

      250,000      247,380

2.875%, 12/10/14

      450,000      447,217

2.750%, 12/29/14

      100,000      99,710

3.000%, 12/30/14

      200,000      199,732

3.125%, 1/21/15

      150,000      151,357

3.250%, 1/26/15

      100,000      100,061

3.000%, 3/9/15

      450,000      450,568

3.000%, 8/17/15

      100,000      99,297

4.000%, 1/20/17

      2,000,000      2,015,682

6.000%, 3/9/20

      250,000      266,319

4.300%, 3/30/20

      200,000      198,695

Financing Corp.

      

9.400%, 2/8/18

      2,300,000      3,112,220

9.650%, 11/2/18

      2,090,000      2,917,038

8.600%, 9/26/19

      410,000      541,438

Private Export Funding Corp.

      

4.375%, 3/15/19

      300,000      302,734
         
        67,331,260
         
U.S. Government Agencies (16.1%)      

Federal Farm Credit Bank

      

1.125%, 10/3/11

      500,000      501,264

3.500%, 10/3/11

      1,000,000      1,039,016

2.000%, 1/17/12

      2,500,000      2,542,040

2.020%, 4/20/12

      1,000,000      1,000,857

2.250%, 4/24/12

      1,000,000      1,020,727

2.125%, 6/18/12

      1,000,000      1,017,035

1.875%, 12/7/12

      1,000,000      1,004,935

3.875%, 10/7/13

      1,000,000      1,060,229

2.900%, 4/7/14

      1,000,000      1,000,441

2.625%, 4/17/14

      2,000,000      2,019,582

3.700%, 4/1/16

      500,000      500,000

4.875%, 1/17/17

      1,500,000      1,625,351

4.300%, 5/28/19

      500,000      498,787

Federal Home Loan Bank

      

1.375%, 5/16/11

      2,000,000      2,016,220

2.625%, 5/20/11

      6,800,000      6,951,252

1.300%, 6/15/11

      500,000      500,853

3.625%, 7/1/11

      6,000,000      6,222,534

1.625%, 7/27/11

      2,000,000      2,022,166

3.625%, 9/16/11

      5,700,000      5,937,331

2.250%, 4/13/12

      5,000,000      5,105,705

2.000%, 6/15/12

      500,000      501,487

1.875%, 6/20/12

      1,500,000      1,518,228

2.000%, 7/27/12

      2,000,000      2,008,282

 

See Notes to Portfolio of Investments.

308

EQ ADVISORS TRUST

EQ/INTERMEDIATE GOVERNMENT BOND INDEX PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Principal
Amount		    Value
(Note 1)

2.150%, 8/10/12

    $ 1,000,000    $ 1,005,943

1.625%, 9/26/12

      1,500,000      1,504,764

2.000%, 10/5/12

      1,000,000      1,005,554

1.875%, 11/19/12

      1,000,000      1,005,432

1.625%, 11/21/12

      1,000,000      1,002,706

2.000%, 12/28/12

      250,000      249,769

3.375%, 2/27/13

      4,800,000      5,019,130

3.625%, 5/29/13

      4,000,000      4,230,316

5.125%, 8/14/13

      1,000,000      1,102,551

2.500%, 10/15/13

      500,000      499,658

3.625%, 10/18/13

      4,800,000      5,069,573

5.250%, 6/18/14^

      2,000,000      2,223,838

5.375%, 5/18/16

      6,500,000      7,223,060

4.875%, 5/17/17

      2,900,000      3,135,219

5.000%, 11/17/17^

      3,700,000      4,043,889

Federal Home Loan Mortgage Corp.

      

2.750%, 4/11/11

      2,000,000      2,043,648

5.125%, 4/18/11

      2,500,000      2,617,717

1.750%, 4/20/11

      1,250,000      1,250,697

1.625%, 4/26/11

      2,500,000      2,527,018

1.700%, 6/29/11

      1,000,000      1,002,814

3.875%, 6/29/11

      10,000,000      10,390,390

1.750%, 7/27/11

      1,300,000      1,301,299

1.625%, 8/11/11

      1,000,000      1,001,407

1.500%, 8/24/11

      500,000      501,824

2.000%, 10/14/11

      1,000,000      1,000,601

1.125%, 12/15/11

      2,650,000      2,656,053

2.350%, 3/2/12

      1,000,000      1,006,661

4.750%, 3/5/12^

      4,700,000      5,023,811

2.125%, 3/23/12

      8,500,000      8,653,663

2.200%, 4/20/12

      500,000      500,480

2.000%, 4/27/12

      500,000      505,372

2.050%, 5/11/12

      1,000,000      1,001,840

1.750%, 6/15/12

      5,300,000      5,351,187

2.000%, 6/15/12

      1,000,000      1,002,921

2.450%, 6/29/12

      1,000,000      1,004,407

2.250%, 8/24/12

      500,000      503,475

2.000%, 9/28/12

      1,000,000      1,001,101

2.000%, 10/1/12

      1,200,000      1,200,000

2.000%, 11/5/12

      1,500,000      1,501,866

2.250%, 1/30/13

      1,000,000      1,003,633

2.500%, 4/8/13

      1,500,000      1,523,118

4.125%, 9/27/13

      7,200,000      7,703,906

3.250%, 3/18/14

      500,000      509,676

3.000%, 4/21/14

      1,250,000      1,252,085

2.750%, 4/29/14

      1,000,000      1,004,035

3.000%, 6/9/14

      1,000,000      1,005,378

3.250%, 6/25/14

      250,000      251,779

5.000%, 7/15/14

      5,000,000      5,517,925

3.000%, 7/28/14

      2,135,000      2,182,284

3.625%, 8/25/14

      500,000      506,071

3.000%, 12/30/14

      1,250,000      1,257,825

4.750%, 11/17/15

      6,000,000      6,527,166

5.500%, 7/18/16

      3,400,000      3,807,041

5.125%, 10/18/16

      3,500,000      3,841,709

5.000%, 2/16/17

      1,000,000      1,087,600

4.340%, 12/18/17

      3,000,000      3,014,490

4.875%, 6/13/18

      4,500,000      4,815,419

Federal National Mortgage Association

      

2.000%, 4/1/11

      500,000      500,000

2.750%, 4/11/11^

      2,000,000      2,044,052

1.750%, 4/15/11

      2,000,000      2,000,736

2.125%, 4/15/11

      500,000      500,272

5.125%, 4/15/11

      5,000,000      5,238,590

1.375%, 4/28/11

      350,000      352,811

1.700%, 4/29/11

    $ 1,000,000    $ 1,000,791

1.250%, 9/28/11

      1,000,000      1,000,445

1.000%, 11/23/11

      3,110,000      3,112,634

1.430%, 12/8/11

      1,000,000      1,001,782

2.000%, 1/9/12

      4,645,000      4,717,917

2.250%, 2/24/12

      250,000      253,347

2.375%, 3/23/12

      250,000      252,776

2.250%, 4/9/12

      500,000      500,209

2.150%, 4/13/12

      1,000,000      1,000,582

1.875%, 4/20/12

      350,000      354,543

1.500%, 4/26/12

      1,000,000      1,000,541

2.150%, 5/4/12

      1,000,000      1,001,417

1.750%, 8/10/12

      1,000,000      1,006,683

2.200%, 8/27/12

      1,000,000      1,006,096

2.000%, 9/28/12

      2,000,000      2,010,392

1.875%, 10/29/12

      1,000,000      1,000,140

4.750%, 11/19/12

      5,000,000      5,408,395

1.750%, 12/28/12

      250,000      250,643

3.625%, 2/12/13

      9,700,000      10,223,616

2.170%, 3/21/13

      500,000      501,005

3.875%, 7/12/13

      3,000,000      3,194,151

2.750%, 2/5/14

      5,500,000      5,602,652

3.150%, 2/18/14

      500,000      504,789

2.750%, 3/13/14

      8,000,000      8,143,216

2.900%, 4/7/14

      250,000      251,508

3.000%, 5/12/14

      500,000      501,575

3.000%, 7/28/14

      2,500,000      2,518,620

3.300%, 7/30/14

      2,000,000      2,013,200

3.000%, 9/29/14

      1,000,000      1,013,326

3.125%, 9/29/14

      1,000,000      1,002,292

3.000%, 10/29/14

      500,000      500,859

2.625%, 11/20/14

      2,000,000      2,000,128

3.450%, 4/8/16

      2,000,000      2,001,128

3.500%, 5/18/16

      3,000,000      3,011,316

5.250%, 9/15/16

      505,000      557,292

4.875%, 12/15/16

      5,000,000      5,394,605

5.000%, 2/13/17

      2,900,000      3,158,297

5.000%, 5/11/17

      5,400,000      5,868,218

(Zero Coupon), 6/1/17

      1,500,000      1,114,667

5.375%, 6/12/17

      2,410,000      2,668,636

4.250%, 5/21/19

      500,000      502,575

Overseas Private Investment Corp.

      

7.050%, 11/15/13†

      803,572      749,912
         
        286,810,493
         
U.S. Treasuries (53.4%)      

U.S. Treasury Bonds

      

11.250%, 2/15/15

      2,800,000      3,930,500

10.625%, 8/15/15

      2,300,000      3,218,024

9.875%, 11/15/15

      2,400,000      3,292,687

9.250%, 2/15/16

      2,400,000      3,234,000

7.250%, 5/15/16

      7,100,000      8,815,090

7.500%, 11/15/16

      6,500,000      8,208,792

8.750%, 5/15/17

      5,400,000      7,298,435

8.875%, 8/15/17

      2,500,000      3,413,477

9.000%, 11/15/18

      2,500,000      3,504,883

8.875%, 2/15/19

      4,000,000      5,583,436

8.125%, 8/15/19

      3,000,000      4,034,064

U.S. Treasury Notes

      

0.875%, 4/30/11

      2,000,000      2,008,204

4.875%, 4/30/11

      6,000,000      6,283,128

0.875%, 5/31/11

      10,000,000      10,042,970

4.875%, 5/31/11

      4,000,000      4,202,656

1.125%, 6/30/11

      9,000,000      9,065,394

5.125%, 6/30/11

      6,000,000      6,341,250

 

See Notes to Portfolio of Investments.

309

EQ ADVISORS TRUST

EQ/INTERMEDIATE GOVERNMENT BOND INDEX PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Principal
Amount		    Value
(Note 1)

1.000%, 7/31/11

    $ 16,570,000    $ 16,655,435

4.875%, 7/31/11

      5,000,000      5,283,010

4.625%, 8/31/11

      4,000,000      4,222,656

4.500%, 9/30/11^

      4,000,000      4,224,688

1.000%, 10/31/11

      15,000,000      15,052,155

4.625%, 10/31/11

      3,000,000      3,182,109

1.750%, 11/15/11

      15,000,000      15,226,170

0.750%, 11/30/11^

      10,000,000      9,986,330

4.500%, 11/30/11

      4,000,000      4,244,376

1.125%, 12/15/11

      16,400,000      16,473,029

1.000%, 12/31/11^

      8,000,000      8,015,936

4.625%, 12/31/11

      4,400,000      4,686,515

1.125%, 1/15/12

      11,500,000      11,542,228

0.875%, 1/31/12

      20,000,000      19,976,560

1.375%, 2/15/12

      15,000,000      15,116,595

4.875%, 2/15/12

      12,000,000      12,878,436

0.875%, 2/29/12^

      17,000,000      16,964,810

4.625%, 2/29/12

      4,000,000      4,279,064

1.375%, 3/15/12

      5,000,000      5,038,280

1.000%, 3/31/12

      5,000,000      4,997,650

4.500%, 3/31/12

      5,000,000      5,345,705

4.500%, 4/30/12

      2,000,000      2,142,500

1.375%, 5/15/12

      10,000,000      10,061,720

4.750%, 5/31/12

      4,000,000      4,311,564

1.875%, 6/15/12^

      11,140,000      11,321,894

4.625%, 7/31/12

      6,000,000      6,475,782

1.750%, 8/15/12

      13,000,000      13,159,458

1.375%, 9/15/12^

      10,000,000      10,021,880

4.250%, 9/30/12

      5,000,000      5,364,455

1.375%, 10/15/12

      5,000,000      5,006,250

3.875%, 10/31/12

      4,500,000      4,789,687

1.375%, 11/15/12

      18,000,000      17,995,788

4.000%, 11/15/12

      6,800,000      7,267,500

3.375%, 11/30/12

      5,500,000      5,789,179

1.125%, 12/15/12

      5,000,000      4,956,640

3.625%, 12/31/12

      3,500,000      3,706,717

1.375%, 1/15/13

      15,000,000      14,951,955

1.375%, 2/15/13

      5,000,000      4,976,560

3.875%, 2/15/13

      2,000,000      2,134,218

2.750%, 2/28/13

      6,000,000      6,209,532

2.500%, 3/31/13

      7,400,000      7,602,923

3.625%, 5/15/13

      2,000,000      2,121,718

3.500%, 5/31/13

      10,000,000      10,567,190

3.375%, 6/30/13

      3,000,000      3,156,798

3.375%, 7/31/13

      7,900,000      8,313,518

4.250%, 8/15/13

      5,800,000      6,276,690

3.125%, 8/31/13

      11,000,000      11,477,818

3.125%, 9/30/13

      4,400,000      4,588,030

2.750%, 10/31/13

      12,900,000      13,273,894

2.000%, 11/30/13

      5,000,000      5,008,595

1.750%, 1/31/14

      5,000,000      4,943,360

4.000%, 2/15/14

      15,800,000      16,981,303

1.875%, 2/28/14

      16,000,000      15,864,992

1.875%, 4/30/14

      16,000,000      15,806,256

4.750%, 5/15/14^

      11,000,000      12,144,682

2.250%, 5/31/14

      5,000,000      5,006,640

2.625%, 6/30/14

      12,800,000      12,989,005

2.625%, 7/31/14

      5,000,000      5,068,360

4.250%, 8/15/14

      1,000,000      1,084,375

2.375%, 9/30/14

      16,000,000      16,004,992

2.375%, 10/31/14

      20,000,000      19,973,440

4.250%, 11/15/14

      1,800,000      1,950,609

2.625%, 12/31/14

      10,000,000      10,071,880

2.250%, 1/31/15^

      12,000,000      11,869,692

4.000%, 2/15/15

      14,400,000      15,417,000

2.375%, 2/28/15

    $ 6,000,000    $ 5,958,780

2.500%, 3/31/15

      6,000,000      5,983,140

4.125%, 5/15/15

      5,600,000      6,022,626

4.250%, 8/15/15

      8,000,000      8,637,504

4.500%, 2/15/16

      4,000,000      4,357,188

2.625%, 2/29/16

      9,000,000      8,845,308

2.375%, 3/31/16

      10,000,000      9,671,880

2.625%, 4/30/16

      5,000,000      4,894,920

5.125%, 5/15/16

      5,000,000      5,611,720

3.250%, 5/31/16

      4,000,000      4,050,312

3.250%, 6/30/16

      11,000,000      11,123,750

4.875%, 8/15/16^

      5,000,000      5,541,015

3.125%, 10/31/16

      10,000,000      9,965,620

4.625%, 11/15/16

      11,000,000      12,000,318

2.750%, 11/30/16

      8,000,000      7,779,376

3.250%, 12/31/16

      9,000,000      9,011,952

3.125%, 1/31/17

      10,000,000      9,928,910

4.625%, 2/15/17

      2,300,000      2,506,101

3.250%, 3/31/17

      10,000,000      9,987,500

4.500%, 5/15/17

      6,900,000      7,449,847

4.750%, 8/15/17

      5,000,000      5,469,140

4.250%, 11/15/17

      7,000,000      7,404,684

3.500%, 2/15/18

      15,000,000      15,045,705

3.875%, 5/15/18

      10,000,000      10,252,340

4.000%, 8/15/18

      5,500,000      5,665,429

3.750%, 11/15/18

      15,000,000      15,113,670

2.750%, 2/15/19

      11,000,000      10,210,233

3.125%, 5/15/19

      23,000,000      21,905,706

3.625%, 8/15/19

      24,000,000      23,707,488

3.375%, 11/15/19

      15,000,000      14,473,830
         
        952,651,758
         

Total Government Securities

         1,306,793,511
         

Total Long-Term Debt Securities (77.2%)
(Cost $1,382,751,662)

         1,377,838,175
         
     Number of
Shares		    Value
(Note 1)

INVESTMENT COMPANIES:

      
Exchange Traded Funds (ETFs)(22.6%)      

iShares Barclays 1-3 Year Treasury Bond Fund

      1,994,000      166,239,780

iShares Barclays 3-7 Year Treasury Bond Fund^

      1,537,000      170,883,660

iShares Barclays 7-10 Year Treasury Bond Fund^

      741,000      66,319,500
         

Total Investment Companies (22.6%)
(Cost $413,716,731)

         403,442,940
         
     Principal
Amount		    Value
(Note 1)

SHORT-TERM INVESTMENTS:

      

Short-Term Investments of Cash Collateral for Securities Loaned (1.1%)

      

Goldman Sachs & Co., Repurchase Agreement

      

0.01%, 4/1/10 (v)

    $ 17,640,282      17,640,282

Lehman Brothers Holdings, Inc.

      

0.00%, 8/21/09 (h)(s)

      10,000,000      2,300,000
         

Total Short-Term Investments of Cash Collateral for Securities Loaned

         19,940,282
         

 

See Notes to Portfolio of Investments.

310

EQ ADVISORS TRUST

EQ/INTERMEDIATE GOVERNMENT BOND INDEX PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Principal
Amount		    Value
(Note 1)		  

Time Deposit (3.4%)

      

JPMorgan Chase Nassau

      

0.000%, 4/1/10

    $ 60,154,076    $ 60,154,076   
           

Total Short-Term Investments (4.5%)
(Cost/Amortized Cost $87,794,358)

         80,094,358   
           

Total Investments (104.3%)
(Cost/Amortized Cost $1,884,262,751)

         1,861,375,473   

Other Assets Less Liabilities (-4.3%)

         (77,055,743 ) 
           

Net Assets (100%)

       $ 1,784,319,730   
           

 

^ All, or a portion of security out on loan (See Note 1).

 

† Securities (totaling $749,912 or 0.0% of net assets) at fair value by management.

 

(h) Security in default.

 

(s) Issuer in bankruptcy.

 

(v) Represents the Portfolio’s undivided interest in a joint repurchase agreement. The repurchase agreement was fully collateralized by U.S. government agency securities at the date of this Portfolio of Investments as follows: Government National Mortgage Association, 3.500%- 15.000%, maturing 7/15/10 to 3/20/40, which had a total value of $17,993,088.

 

See Notes to Portfolio of Investments.

311

EQ ADVISORS TRUST

EQ/INTERMEDIATE GOVERNMENT BOND INDEX PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

The following is a summary of the inputs used to value the Portfolio’s assets and liabilities carried at fair value as of March 31, 2010:

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, money market securities are valued using amortized cost, in accordance with rules under the Investment Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active market, such securities are reflected as Level 2.

Various inputs are used in determining the value of the Portfolio’s investments. These inputs are summarized in the three broad levels listed below:

 

Investment Type

    Level 1
Quoted prices in active
markets for identical
securities		    Level 2
Significant other
observable inputs
(including quoted prices
for similar securities,
interest rates,
prepayment speeds,
credit risk, etc.)		    Level 3
Significant unobservable
inputs (including the
Portfolio’s own
assumptions in
determining the fair
value of investments)		    Total

Assets:

            

Corporate Bonds

            

Financials

    $ —      $ 67,186,939    $ —      $ 67,186,939

Utilities

      —        3,857,725      —        3,857,725

Government Securities

            

Agency ABS

      —        67,331,260      —        67,331,260

U.S. Government Agencies

      —        286,060,581      749,912      286,810,493

U.S. Treasuries

      —        952,651,758      —        952,651,758

Investment Companies

            

Exchange Traded Funds (ETFs)

      403,442,940      —        —        403,442,940

Short-Term Investments

      —        80,094,358      —        80,094,358
                           

Total Assets

    $ 403,442,940    $ 1,457,182,621    $ 749,912    $ 1,861,375,473
                           

Total Liabilities

    $ —      $ —      $ —      $ —  
                           

Total

    $ 403,442,940    $ 1,457,182,621    $ 749,912    $ 1,861,375,473
                           

Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:

 

     Investments in
Securities-Government		  

Balance as of 12/31/09

    $ 794,260   

Total gains or losses (realized/unrealized) included in earnings

      9,224   

Purchases, sales, issuances, and settlements (net)

      (53,572 ) 

Transfers into Level 3

      —     

Transfers out of Level 3

      —     
        

Balance as of 3/31/10

    $ 749,912   
        

The amount of total gains or losses for the year included in earnings attributable to the change in unrealized gains or losses relating to assets and liabilities still held at period ending 3/31/10.

    $ 9,792   

Investment security transactions for the three months ended March 31, 2010 were as follows:

 

Cost of Purchases:

   

Stocks and long-term corporate debt securities

    $ 104,226,493

Long-term U.S. Treasury securities

      297,133,947
      
   $ 401,360,440
      

Net Proceeds of Sales and Redemptions:

   

Stocks and long-term corporate debt securities

    $ 118,882,428

Long-term U.S. Treasury securities

      271,890,899
      
   $ 390,773,327
      

 

See Notes to Portfolio of Investments.

312

EQ ADVISORS TRUST

EQ/INTERMEDIATE GOVERNMENT BOND INDEX PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

As of March 31, 2010, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investments for Federal income tax purposes was as follows:

 

Aggregate gross unrealized appreciation

    $ —     

Aggregate gross unrealized depreciation

      (25,436,759 ) 
        

Net unrealized depreciation

    $ (25,436,759 ) 
        

Federal income tax cost of investments

    $ 1,886,812,232   
        

At March 31, 2010, the Portfolio had loaned securities with a total value of $27,104,518. This was secured by collateral of $27,640,282, which was received as cash and subsequently invested in short-term investments currently valued at $19,940,282, as reported in the Portfolio of Investments.

The Portfolio has a net capital loss carryforward of $18,280,198 of which $11,384,023 expires in the year 2014, $1,221,059 expires in the year 2016, and $5,675,116 expires in the year 2017.

Included in the capital loss carryforward amounts are $1,221,059 of losses acquired from EQ/Government Securities Portfolio as a result of a tax free reorganization that occurred during the year 2009. Certain capital loss carryforwards may be subject to limitations on use pursuant to applicable U.S. Federal Income Tax Law. Therefore, it is possible not all of these capital losses will be available for use.

 

See Notes to Portfolio of Investments.

313

EQ ADVISORS TRUST

EQ/INTERNATIONAL CORE PLUS PORTFOLIO

PORTFOLIO OF INVESTMENTS

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

COMMON STOCKS:

      

Australia (7.0%)

      

AGL Energy Ltd.

    38,485    $ 530,796

Alumina Ltd.

    206,738      327,255

Amcor Ltd.

    102,569      601,442

AMP Ltd.

    174,493      1,002,373

Aristocrat Leisure Ltd.

    26,818      111,481

Arrow Energy Ltd.*

    44,081      203,468

Asciano Group*

    233,460      405,975

ASX Ltd.

    14,385      448,021

Australia & New Zealand Banking Group Ltd.

    207,105      4,819,666

Bendigo and Adelaide Bank Ltd.

    29,016      266,265

BGP Holdings plc(b)*†

    1,044,151      —  

BHP Billiton Ltd.

    829,831      33,193,542

BHP Billiton Ltd. (ADR)

    15,763      1,266,084

Billabong International Ltd.

    16,353      169,572

BlueScope Steel Ltd.*

    153,728      410,509

Boral Ltd.

    49,482      254,734

Brambles Ltd.

    118,013      797,048

Caltex Australia Ltd.

    10,072      104,534

CFS Retail Property Trust (REIT)

    143,951      247,681

Coca-Cola Amatil Ltd.

    47,350      488,821

Cochlear Ltd.

    4,276      285,815

Commonwealth Bank of Australia

    126,783      6,548,915

Computershare Ltd.

    37,584      431,802

Crown Ltd.

    39,341      295,308

CSL Ltd.

    48,011      1,605,007

CSR Ltd.

    123,713      187,884

Dexus Property Group (REIT)

    415,320      308,706

Energy Resources of Australia Ltd.

    5,225      90,620

Fairfax Media Ltd.

    180,578      298,273

Fortescue Metals Group Ltd.*

    101,483      456,317

Foster’s Group Ltd.

    161,249      782,762

Goodman Fielder Ltd.

    111,881      146,815

Goodman Group (REIT)

    480,176      288,615

GPT Group (REIT)

    779,727      411,422

Harvey Norman Holdings Ltd.

    39,623      131,623

Incitec Pivot Ltd.

    135,701      432,105

Insurance Australia Group Ltd.

    177,533      632,103

Intoll Group

    183,591      188,689

Leighton Holdings Ltd.

    12,560      449,502

Lend Lease Group

    35,811      284,585

Macquarie Group Ltd.

    27,613      1,197,271

MAp Group

    61,925      175,591

Metcash Ltd.

    65,857      250,195

Mirvac Group (REIT)

    226,505      306,582

National Australia Bank Ltd.

    173,304      4,376,572

Newcrest Mining Ltd.

    40,225      1,211,467

Nufarm Ltd.

    13,434      101,457

OneSteel Ltd.

    112,241      401,692

Orica Ltd.

    30,133      740,785

Origin Energy Ltd.

    73,100      1,110,178

OZ Minerals Ltd.*

    265,629      279,099

Paladin Energy Ltd.*

    52,053      188,677

Qantas Airways Ltd.*

    101,330      264,079

QBE Insurance Group Ltd.

    85,536      1,634,991

Rio Tinto Ltd.

    36,105      2,597,529

Santos Ltd.

    69,477      934,657

Sims Metal Management Ltd.

    11,791      234,361

Sonic Healthcare Ltd.

    31,006      408,865

SP AusNet

    113,962      94,642

Stockland Corp., Ltd. (REIT)

    198,977      728,539

Suncorp-Metway Ltd.

    110,541      866,280

TABCORP Holdings Ltd.

    51,788    $ 327,911

Tatts Group Ltd.

    105,467      238,083

Telstra Corp., Ltd.

    361,328      991,402

Toll Holdings Ltd.

    56,106      382,024

Transurban Group

    94,426      437,583

Wesfarmers Ltd.

    83,118      2,424,726

Wesfarmers Ltd. (PPS)

    11,888      347,671

Westfield Group (REIT)

    172,216      1,905,890

Westpac Banking Corp.

    244,812      6,254,304

Woodside Petroleum Ltd.

    44,771      1,926,845

Woolworths Ltd.

    102,680      2,638,280

WorleyParsons Ltd.

    13,984      326,585
         
        96,210,948
         

Austria (0.2%)

      

Erste Group Bank AG

    14,743      619,283

Immoeast AG*

    34,057      186,756

OMV AG

    13,202      495,353

Raiffeisen International Bank Holding AG

    4,039      192,026

Telekom Austria AG

    25,736      359,769

Verbund - Oesterreichische Elektrizitaetswirtschafts AG, Class A

    6,498      257,942

Vienna Insurance Group

    3,087      163,026

Voestalpine AG

    9,445      382,069
         
        2,656,224
         

Belgium (0.6%)

      

Anheuser-Busch InBev N.V.*

    84,644      2,974,033

Belgacom S.A.

    12,608      492,478

Cie Nationale a Portefeuille

    2,931      153,600

Colruyt S.A.

    1,245      306,464

Delhaize Group S.A.

    8,544      686,627

Dexia S.A.*

    44,200      263,630

Fortis*

    191,639      682,295

Groupe Bruxelles Lambert S.A.

    6,507      574,955

KBC Groep N.V.*

    13,280      643,118

Mobistar S.A.

    2,557      157,364

Solvay S.A.

    4,950      508,850

UCB S.A.

    7,704      328,967

Umicore S.A.

    9,505      331,925
         
        8,104,306
         

Bermuda (0.8%)

      

Nabors Industries Ltd.*

    99,359      1,950,418

PartnerReinsurance Ltd.

    107,578      8,576,118

Seadrill Ltd.

    23,837      555,496
         
        11,082,032
         

Brazil (2.0%)

      

Petroleo Brasileiro S.A. (ADR)

    159,312      7,087,791

Vale S.A. (ADR)

    649,011      20,891,664
         
        27,979,455
         

Canada (9.0%)

      

Agrium, Inc. (When Issued)

    286,915      20,264,806

Brookfield Asset Management, Inc., Class A

    99,134      2,519,986

Canadian National Railway Co.

    290,026      17,572,675

Canadian Natural Resources Ltd.

    202,318      14,978,590

Canadian Pacific Railway Ltd. (New York Exchange)

    132,235      7,436,896

Canadian Pacific Railway Ltd. (Toronto Exchange)

    103,807      5,850,355

Cenovus Energy, Inc.

    133,700      3,500,923

EnCana Corp.

    133,700      4,151,849

Ensign Energy Services, Inc.

    15,370      222,458

 

See Notes to Portfolio of Investments.

314

EQ ADVISORS TRUST

EQ/INTERNATIONAL CORE PLUS PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Finning International, Inc.

    121,922    $ 2,208,797

Manulife Financial Corp.

    112,082      2,208,514

Potash Corp. of Saskatchewan, Inc.

    207,163      24,733,623

Suncor Energy, Inc.

    490,541      15,959,991

Talisman Energy, Inc.

    118,836      2,032,375
         
        123,641,838
         

China (0.0%)

      

Foxconn International Holdings Ltd.*

    170,008      179,330

Yangzijiang Shipbuilding Holdings Ltd.

    147,767      122,528
         
        301,858
         

Cyprus (0.0%)

      

Bank of Cyprus PCL

    48,826      308,631
         

Denmark (0.6%)

      

A. P. Moller - Maersk A/S, Class A

    43      313,150

A. P. Moller - Maersk A/S, Class B

    108      822,962

Carlsberg A/S, Class B

    9,054      759,893

Coloplast A/S, Class B

    1,982      218,272

Danske Bank A/S*

    36,391      895,283

DSV A/S

    18,076      323,032

H. Lundbeck A/S

    4,618      87,051

Novo Nordisk A/S, Class B

    36,471      2,830,046

Novozymes A/S, Class B

    3,513      388,789

Topdanmark A/S*

    1,183      154,105

TrygVesta A/S

    2,030      133,988

Vestas Wind Systems A/S*

    17,158      932,331

William Demant Holding A/S*

    1,856      131,326
         
        7,990,228
         

Finland (0.8%)

      

Elisa Oyj*

    10,795      222,641

Fortum Oyj

    35,576      870,198

Kesko Oyj, Class B

    4,958      195,137

Kone Oyj, Class B

    12,395      512,284

Metso Oyj

    10,936      353,168

Neste Oil Oyj

    10,814      188,562

Nokia Oyj

    307,285      4,785,347

Nokian Renkaat Oyj

    9,266      240,666

Orion Oyj, Class B

    6,663      147,410

Outokumpu Oyj

    10,440      229,138

Pohjola Bank plc

    13,768      154,717

Rautaruukki Oyj

    6,284      135,800

Sampo Oyj, Class A

    33,671      893,183

Sanoma Oyj

    6,550      145,087

Stora Enso Oyj*

    50,199      382,399

UPM-Kymmene Oyj

    44,356      588,610

Wartsila Oyj

    7,156      362,447
         
        10,406,794
         

France (6.2%)

      

Accor S.A.

    12,399      685,945

Aeroports de Paris S.A.

    2,268      186,737

Air France-KLM*

    13,143      207,782

Air Liquide S.A.

    20,504      2,461,419

Alcatel-Lucent*

    195,854      619,265

Alstom S.A.

    16,809      1,048,201

Atos Origin S.A.*

    3,702      185,904

AXA S.A.

    138,694      3,085,277

BioMerieux

    1,110      127,479

BNP Paribas S.A.

    77,349      5,940,245

Bouygues S.A.

    18,870      948,617

Bureau Veritas S.A.

    3,825      203,033

Cap Gemini S.A.

    12,402      610,900

Carrefour S.A.

    51,984      2,505,522

Casino Guichard Perrachon S.A.

    4,563      386,113

Christian Dior S.A.

    4,979    $ 531,132

Cie de Saint-Gobain S.A.

    31,493      1,514,282

Cie Generale d’Optique Essilor International S.A.

    16,922      1,080,389

Cie Generale de Geophysique - Veritas*

    11,574      328,359

CNP Assurances S.A.

    3,164      298,800

Compagnie Generale des Etablissements Michelin, Class B

    12,422      915,395

Credit Agricole S.A.

    73,533      1,287,153

Danone S.A.

    45,233      2,724,790

Dassault Systemes S.A.

    4,884      288,897

EDF S.A.

    19,585      1,068,680

Eiffage S.A.

    3,226      166,859

Eramet S.A.

    421      144,914

Eurazeo S.A.

    1,928      133,926

Eutelsat Communications S.A.

    7,736      275,008

Fonciere Des Regions (REIT)

    2,030      223,595

France Telecom S.A.

    151,318      3,620,550

GDF Suez S.A.

    101,522      3,921,652

Gecina S.A. (REIT)

    1,467      162,356

Groupe Eurotunnel S.A.

    36,304      369,962

Hermes International S.A.

    4,404      611,779

ICADE (REIT)

    1,469      163,510

Iliad S.A.

    1,213      125,087

Imerys S.A.

    2,741      168,965

Ipsen S.A.

    2,027      98,984

J.C. Decaux S.A.*

    5,242      146,487

Klepierre S.A. (REIT)

    7,156      281,066

Lafarge S.A.

    16,797      1,181,986

Lagardere S.C.A.

    10,108      409,025

Legrand S.A.

    8,229      259,968

L’Oreal S.A.

    19,661      2,067,582

LVMH Moet Hennessy Louis Vuitton S.A.

    19,990      2,336,536

M6-Metropole Television

    5,182      134,032

Natixis S.A.*

    75,927      409,691

Neopost S.A.

    2,389      190,924

PagesJaunes Groupe S.A.

    10,148      116,532

Pernod-Ricard S.A.

    16,612      1,410,614

Peugeot S.A.*

    13,015      383,216

PPR S.A.

    6,417      854,318

Publicis Groupe S.A.

    10,147      434,176

Renault S.A.*

    15,639      732,962

Safran S.A.

    14,334      373,652

Sanofi-Aventis S.A.

    86,082      6,416,757

Schneider Electric S.A.

    19,626      2,301,942

SCOR SE

    13,051      329,631

Societe BIC S.A.

    1,992      152,524

Societe Des Autoroutes Paris - Rhin - Rhone*

    1,687      121,333

Societe Generale S.A.

    51,372      3,230,940

Societe Television Francaise 1 S.A.

    9,432      174,975

Sodexo S.A.

    8,036      480,282

Suez Environnement Co. S.A.

    21,721      499,911

Technip S.A.

    8,793      714,951

Thales S.A.

    7,544      302,826

Total S.A.

    172,552      10,016,805

Unibail-Rodamco S.A. (REIT)

    7,482      1,515,835

Vallourec S.A.

    4,826      973,173

Veolia Environnement

    33,205      1,151,705

Vinci S.A.

    36,061      2,125,277

 

See Notes to Portfolio of Investments.

315

EQ ADVISORS TRUST

EQ/INTERNATIONAL CORE PLUS PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Vivendi S.A.

    100,520    $ 2,690,230
         
        84,349,327
         

Germany (5.1%)

      

Adidas AG

    17,659      944,505

Allianz SE (Registered)

    37,632      4,718,332

BASF SE

    122,924      7,623,974

Bayer AG

    67,538      4,568,308

Bayerische Motoren Werke (BMW) AG

    27,194      1,255,417

Bayerische Motoren Werke (BMW) AG (Preference)

    4,194      148,441

Beiersdorf AG

    7,069      422,822

Celesio AG

    6,345      202,849

Commerzbank AG*

    60,063      514,408

Daimler AG

    73,698      3,469,474

Deutsche Bank AG (Registered)

    48,635      3,746,236

Deutsche Boerse AG

    16,046      1,189,388

Deutsche Lufthansa AG (Registered)

    20,859      345,967

Deutsche Post AG (Registered)

    70,973      1,231,318

Deutsche Postbank AG*

    7,034      225,684

Deutsche Telekom AG (Registered)

    232,859      3,156,118

E.ON AG

    155,469      5,739,918

Fraport AG

    2,948      155,227

Fresenius Medical Care AG & Co. KGaA

    15,312      863,955

Fresenius SE

    2,267      168,743

Fresenius SE (Preference)

    6,303      475,885

GEA Group AG

    12,223      283,294

Hannover Rueckversicherung AG (Registered)*

    4,498      222,110

HeidelbergCement AG

    11,735      654,600

Henkel AG & Co. KGaA

    10,669      494,338

Henkel AG & Co. KGaA (Preference)

    14,262      767,822

Hochtief AG

    3,536      297,156

Infineon Technologies AG*

    91,929      638,078

K+S AG

    14,513      880,717

Linde AG

    12,455      1,486,086

MAN SE

    8,960      750,071

Merck KGaA

    5,171      419,053

Metro AG

    9,317      552,690

Muenchener Rueckversicherungs- Gesellschaft AG (Registered)

    16,241      2,635,599

Porsche Automobil Holding SE (Preference)

    7,333      447,527

Puma AG Rudolf Dassler Sport

    517      163,783

RWE AG

    59,890      5,306,412

RWE AG (Non-Voting)(Preference)

    2,910      239,321

Salzgitter AG

    3,367      312,559

SAP AG

    70,137      3,397,037

Siemens AG (Registered)

    67,296      6,739,741

Solarworld AG

    6,251      94,265

Suedzucker AG

    5,326      117,543

ThyssenKrupp AG

    27,781      955,133

TUI AG*

    15,100      169,787

United Internet AG*

    9,847      149,357

Volkswagen AG

    2,851      275,325

Volkswagen AG (Preference)

    8,434      773,475

Wacker Chemie AG

    1,227      182,960
         
        70,572,808
         

Greece (0.2%)

      

Alpha Bank AE*

    38,074      360,487

Coca Cola Hellenic Bottling Co. S.A.

    14,735      397,240

EFG Eurobank Ergasias S.A.*

    25,939      238,235

Hellenic Petroleum S.A.

    9,458      108,327

Hellenic Telecommunications Organization S.A.

    19,363    $ 240,343

Marfin Investment Group S.A.*

    51,328      117,854

National Bank of Greece S.A.*

    49,859      1,003,397

OPAP S.A.

    18,007      408,595

Piraeus Bank S.A.*

    24,416      213,364

Public Power Corp. S.A.*

    8,743      153,514

Titan Cement Co. S.A.

    4,463      118,148
         
        3,359,504
         

Hong Kong (1.5%)

      

ASM Pacific Technology Ltd.

    16,607      157,317

Bank of East Asia Ltd.

    125,380      461,844

BOC Hong Kong Holdings Ltd.

    312,043      744,314

Cathay Pacific Airways Ltd.*

    94,575      199,278

Cheung Kong Holdings Ltd.

    116,899      1,505,606

Cheung Kong Infrastructure Holdings Ltd.

    34,340      132,906

Chinese Estates Holdings Ltd.

    66,991      111,993

CLP Holdings Ltd.

    168,064      1,201,346

Esprit Holdings Ltd.

    97,157      766,444

Genting Singapore plc*

    457,082      289,158

Hang Lung Group Ltd.

    64,739      343,529

Hang Lung Properties Ltd.

    175,438      707,243

Hang Seng Bank Ltd.

    61,474      856,681

Henderson Land Development Co., Ltd.

    91,190      642,444

Hong Kong & China Gas Co., Ltd.

    320,480      799,110

Hong Kong Aircraft Engineering Co., Ltd.

    5,631      71,111

Hong Kong Exchanges and Clearing Ltd.

    85,627      1,429,276

HongKong Electric Holdings Ltd.

    117,496      696,872

Hopewell Holdings Ltd.

    47,851      141,749

Hutchison Whampoa Ltd.

    176,571      1,291,720

Hysan Development Co., Ltd.

    48,459      140,117

Kerry Properties Ltd.

    55,732      298,965

Li & Fung Ltd.

    189,519      932,431

Lifestyle International Holdings Ltd.

    54,606      98,603

Link REIT (REIT)

    186,686      460,208

Mongolia Energy Co., Ltd.*

    242,627      112,185

MTR Corp.

    111,029      420,421

New World Development Ltd.

    213,780      418,515

Noble Group Ltd.

    164,516      359,855

NWS Holdings Ltd.

    68,810      137,367

Orient Overseas International Ltd.

    19,452      144,182

PCCW Ltd.

    291,585      86,752

Shangri-La Asia Ltd.

    104,332      204,787

Sino Land Co., Ltd.

    130,038      254,909

Sun Hung Kai Properties Ltd.

    118,278      1,779,292

Swire Pacific Ltd., Class A

    63,331      761,840

Television Broadcasts Ltd.

    21,392      103,595

Wharf Holdings Ltd.

    113,573      639,961

Wheelock & Co., Ltd.

    68,116      200,902

Wing Hang Bank Ltd.

    14,356      131,278

Yue Yuen Industrial Holdings Ltd.†

    53,199      184,998
         
        20,421,104
         

Ireland (0.3%)

      

Anglo Irish Bank Corp., Ltd.*†

    67,703      —  

CRH plc

    57,620      1,438,967

Elan Corp. plc*

    42,633      321,309

Experian plc

    85,636      842,743

Kerry Group plc, Class A

    10,679      331,742

 

See Notes to Portfolio of Investments.

316

EQ ADVISORS TRUST

EQ/INTERNATIONAL CORE PLUS PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Shire plc

    46,730    $ 1,031,072
         
        3,965,833
         

Italy (2.3%)

      

A2A S.p.A.

    93,480      175,373

Assicurazioni Generali S.p.A.

    95,383      2,289,292

Atlantia S.p.A.

    20,150      470,286

Autogrill S.p.A.*

    8,560      104,170

Banca Carige S.p.A.

    55,507      151,628

Banca Monte dei Paschi di Siena S.p.A.

    188,785      279,461

Banca Popolare Societa Cooperativa

    30,114      186,996

Banco Popolare S.c.a.r.l.*

    54,683      380,367

Enel S.p.A.

    538,111      3,008,950

ENI S.p.A.

    213,835      5,016,738

Exor S.p.A.

    7,556      131,243

Fiat S.p.A.*

    64,848      844,338

Finmeccanica S.p.A.

    34,582      461,477

Fondiaria-Sai S.p.A.

    5,108      76,856

Intesa Sanpaolo S.p.A.*

    706,276      2,577,368

Italcementi S.p.A.

    5,986      69,208

Luxottica Group S.p.A.

    10,615      283,876

Mediaset S.p.A.

    58,641      503,734

Mediobanca S.p.A.*

    39,459      423,964

Mediolanum S.p.A.

    17,155      100,386

Parmalat S.p.A.

    142,466      390,135

Pirelli & C S.p.A.*

    195,184      119,950

Prysmian S.p.A.

    8,705      171,070

Saipem S.p.A.

    159,795      6,183,447

Snam Rete Gas S.p.A.

    124,710      632,069

Telecom Italia S.p.A.

    809,352      1,165,299

Telecom Italia S.p.A. (RNC)

    485,995      548,102

Terna Rete Elettrica Nazionale S.p.A.

    111,489      482,241

UniCredit S.p.A.*

    1,337,835      3,952,696

Unione di Banche Italiane S.c.p.A.

    48,914      659,996

Unipol Gruppo Finanziario S.p.A.*

    49,677      56,092
         
        31,896,808
         

Japan (13.7%)

      

77 Bank Ltd.

    26,459      151,130

ABC-Mart, Inc.

    2,140      68,442

Acom Co., Ltd.

    3,576      58,523

Advantest Corp.

    13,598      340,059

Aeon Co., Ltd.

    54,152      614,561

Aeon Credit Service Co., Ltd.

    6,138      72,876

Aeon Mall Co., Ltd.

    6,362      134,127

Air Water, Inc.

    11,000      125,896

Aisin Seiki Co., Ltd.

    16,238      486,324

Ajinomoto Co., Inc.

    56,168      556,333

Alfresa Holdings Corp.

    3,966      170,959

All Nippon Airways Co., Ltd.*

    65,302      186,497

Amada Co., Ltd.

    28,148      236,047

Aozora Bank Ltd.

    52,918      74,716

Asahi Breweries Ltd.

    32,587      611,028

Asahi Glass Co., Ltd.

    82,752      932,055

Asahi Kasei Corp.

    107,078      576,107

Asics Corp.

    12,948      126,585

Astellas Pharma, Inc.

    36,930      1,337,127

Bank of Kyoto Ltd.

    23,082      212,575

Bank of Yokohama Ltd.

    103,700      508,018

Benesse Holdings, Inc.

    5,574      241,466

Bridgestone Corp.

    51,164      873,438

Brother Industries Ltd.

    18,015      217,745

Canon Marketing Japan, Inc.

    5,462      74,373

Canon, Inc.

    88,030      4,077,119

Casio Computer Co., Ltd.

    20,827      160,173

Central Japan Railway Co.

    126    $ 959,589

Chiba Bank Ltd.

    60,672      362,773

Chiyoda Corp.

    13,000      129,041

Chubu Electric Power Co., Inc.

    55,554      1,388,701

Chugai Pharmaceutical Co., Ltd.

    18,747      352,521

Chugoku Bank Ltd.

    13,511      182,382

Chugoku Electric Power Co., Inc.

    23,462      466,279

Chuo Mitsui Trust Holdings, Inc.

    77,871      292,360

Citizen Holdings Co., Ltd.

    25,952      177,381

Coca-Cola West Co., Ltd.

    4,448      72,746

Cosmo Oil Co., Ltd.

    42,222      102,066

Credit Saison Co., Ltd.

    12,216      189,466

Dai Nippon Printing Co., Ltd.

    46,162      623,624

Daicel Chemical Industries Ltd.

    23,955      164,756

Daido Steel Co., Ltd.

    22,519      94,662

Daihatsu Motor Co., Ltd.

    15,200      145,188

Daiichi Sankyo Co., Ltd.

    55,487      1,039,231

Daikin Industries Ltd.

    19,723      806,936

Dainippon Sumitomo Pharma Co., Ltd.

    13,892      127,345

Daito Trust Construction Co., Ltd.

    6,738      325,044

Daiwa House Industry Co., Ltd.

    43,658      492,664

Daiwa Securities Group, Inc.

    139,476      734,006

DeNA Co., Ltd.

    25      185,047

Denki Kagaku Kogyo KK

    39,718      170,784

Denso Corp.

    39,012      1,162,139

Dentsu, Inc.

    14,863      390,613

Dowa Holdings Co., Ltd.

    21,392      128,823

East Japan Railway Co.

    28,035      1,949,166

Eisai Co., Ltd.

    21,154      754,611

Electric Power Development Co., Ltd.

    11,203      369,079

Elpida Memory, Inc.*

    15,639      307,962

FamilyMart Co., Ltd.

    4,504      143,324

Fanuc Ltd.

    16,044      1,702,390

Fast Retailing Co., Ltd.

    4,016      698,043

Fuji Electric Holdings Co., Ltd.

    47,288      128,981

Fuji Heavy Industries Ltd.*

    53,480      276,867

Fuji Media Holdings, Inc.

    39      57,776

Fujifilm Holdings Corp.

    38,668      1,331,810

Fujitsu Ltd.

    149,742      980,234

Fukuoka Financial Group, Inc.

    57,983      246,222

Furukawa Electric Co., Ltd.

    54,288      282,212

GS Yuasa Corp.

    30,963      208,981

Gunma Bank Ltd.

    29,274      161,885

Hachijuni Bank Ltd.

    32,088      182,595

Hakuhodo DY Holdings, Inc.

    1,876      98,726

Hankyu Hanshin Holdings, Inc.

    93,448      432,805

Hino Motors Ltd.

    20,830      88,008

Hirose Electric Co., Ltd.

    2,366      272,815

Hiroshima Bank Ltd.

    38,280      161,735

Hisamitsu Pharmaceutical Co., Inc.

    5,067      188,339

Hitachi Chemical Co., Ltd.

    9,088      196,361

Hitachi Construction Machinery Co., Ltd.

    9,351      220,947

Hitachi High-Technologies Corp.

    5,518      126,603

Hitachi Ltd.*

    372,211      1,389,471

Hitachi Metals Ltd.

    12,386      130,233

Hokkaido Electric Power Co., Inc.

    14,468      277,630

Hokuhoku Financial Group, Inc.

    97,952      214,784

Hokuriku Electric Power Co.

    14,638      321,914

Honda Motor Co., Ltd.

    137,004      4,835,953

HOYA Corp.

    33,502      920,597

Ibiden Co., Ltd.

    10,834      373,147

Idemitsu Kosan Co., Ltd.

    1,990      150,703

IHI Corp.

    105,834      193,578

 

See Notes to Portfolio of Investments.

317

EQ ADVISORS TRUST

EQ/INTERNATIONAL CORE PLUS PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

INPEX Corp.

    65    $ 476,949

Isetan Mitsukoshi Holdings Ltd.

    30,448      327,310

Isuzu Motors Ltd.

    101,138      273,697

Ito En Ltd.

    5,011      77,558

ITOCHU Corp.

    126,032      1,104,078

ITOCHU Techno-Solutions Corp.

    2,534      83,211

Iyo Bank Ltd.

    18,578      176,659

J. Front Retailing Co., Ltd.

    39,068      229,836

Jafco Co., Ltd.

    2,816      73,947

Japan Petroleum Exploration Co.

    2,310      117,118

Japan Prime Realty Investment Corp. (REIT)

    46      102,392

Japan Real Estate Investment Corp. (REIT)

    36      306,899

Japan Retail Fund Investment Corp. (REIT)

    104      122,366

Japan Steel Works Ltd.

    28,022      321,014

Japan Tobacco, Inc.

    370      1,377,260

JFE Holdings, Inc.

    40,476      1,630,037

JGC Corp.

    17,326      309,121

Joyo Bank Ltd.

    53,480      238,541

JS Group Corp.

    21,223      431,997

JSR Corp.

    14,018      292,835

JTEKT Corp.

    16,882      199,355

Jupiter Telecommunications Co., Ltd.

    212      244,903

Kajima Corp.

    73,739      180,621

Kamigumi Co., Ltd.

    19,704      158,492

Kaneka Corp.

    23,644      153,260

Kansai Electric Power Co., Inc.

    62,823      1,439,372

Kansai Paint Co., Ltd.

    17,452      142,244

Kao Corp.

    43,967      1,114,577

Kawasaki Heavy Industries Ltd.

    120,840      333,477

Kawasaki Kisen Kaisha Ltd.*

    58,162      232,051

KDDI Corp.

    234      1,211,424

Keihin Electric Express Railway Co., Ltd.

    35,466      291,345

Keio Corp.

    49,347      333,062

Keisei Electric Railway Co., Ltd.

    21,955      133,623

Keyence Corp.

    3,449      824,159

Kikkoman Corp.

    11,823      138,350

Kinden Corp.

    10,696      93,700

Kintetsu Corp.

    133,980      417,030

Kirin Holdings Co., Ltd.

    69,991      1,032,384

Kobe Steel Ltd.

    202,095      434,497

Koito Manufacturing Co., Ltd.

    9,000      133,619

Komatsu Ltd.

    78,072      1,636,765

Konami Corp.

    8,288      159,838

Konica Minolta Holdings, Inc.

    40,436      471,876

Kubota Corp.

    89,508      815,711

Kuraray Co., Ltd.

    28,992      390,116

Kurita Water Industries Ltd.

    9,714      274,826

Kyocera Corp.

    13,404      1,306,134

Kyowa Hakko Kirin Co., Ltd.

    20,267      209,195

Kyushu Electric Power Co., Inc.

    31,188      678,870

Lawson, Inc.

    5,580      238,145

Mabuchi Motor Co., Ltd.

    2,252      129,594

Makita Corp.

    9,346      307,901

Marubeni Corp.

    138,668      861,762

Marui Group Co., Ltd.

    19,986      144,941

Maruichi Steel Tube Ltd.

    2,816      57,109

Matsui Securities Co., Ltd.

    9,064      64,764

Mazda Motor Corp.

    128,679      361,991

McDonald’s Holdings Co. Japan Ltd.

    5,180      105,162

Medipal Holdings Corp.

    10,922      129,326

MEIJI Holdings Co. Ltd.

    5,318      206,486

Minebea Co., Ltd.

    31,711    $ 193,000

Mitsubishi Chemical Holdings Corp.

    101,859      520,789

Mitsubishi Corp.

    105,584      2,766,935

Mitsubishi Electric Corp.

    155,371      1,427,572

Mitsubishi Estate Co., Ltd.

    96,011      1,571,257

Mitsubishi Gas Chemical Co., Inc.

    28,711      172,899

Mitsubishi Heavy Industries Ltd.

    254,256      1,052,488

Mitsubishi Logistics Corp.

    9,008      111,962

Mitsubishi Materials Corp.*

    93,819      269,947

Mitsubishi Motors Corp.*

    279,218      379,299

Mitsubishi Tanabe Pharma Corp.

    16,890      238,473

Mitsubishi UFJ Financial Group, Inc.

    1,043,116      5,467,182

Mitsubishi UFJ Lease & Finance Co., Ltd.

    4,560      165,836

Mitsui & Co., Ltd.

    140,454      2,360,180

Mitsui Chemicals, Inc.

    69,288      209,739

Mitsui Engineering & Shipbuilding Co., Ltd.

    56,858      141,704

Mitsui Fudosan Co., Ltd.

    68,427      1,161,554

Mitsui Mining & Smelting Co., Ltd.

    46,162      138,254

Mitsui O.S.K. Lines Ltd.

    96,575      693,142

Mitsui Sumitomo Insurance Group Holdings, Inc.

    44,198      1,226,810

Mitsumi Electric Co., Ltd.

    6,700      146,627

Mizuho Financial Group, Inc.

    1,136,738      2,249,401

Mizuho Securities Co., Ltd.

    42,222      133,680

Mizuho Trust & Banking Co., Ltd.

    112,588      113,202

Murata Manufacturing Co., Ltd.

    17,871      1,015,028

Namco Bandai Holdings, Inc.

    14,919      145,376

NEC Corp.

    217,742      654,460

NGK Insulators Ltd.

    21,267      433,802

NGK Spark Plug Co., Ltd.

    12,948      175,890

NHK Spring Co., Ltd.

    14,075      129,173

Nidec Corp.

    8,846      948,090

Nikon Corp.

    26,459      577,632

Nintendo Co., Ltd.

    8,239      2,758,377

Nippon Building Fund, Inc. (REIT)

    44      378,864

Nippon Electric Glass Co., Ltd.

    30,022      422,922

Nippon Express Co., Ltd.

    66,427      285,631

Nippon Meat Packers, Inc.

    16,075      203,409

Nippon Mining Holdings, Inc.†

    75,272      351,844

Nippon Oil Corp.†

    105,455      531,279

Nippon Paper Group, Inc.

    6,700      172,355

Nippon Sheet Glass Co., Ltd.

    55,414      163,593

Nippon Steel Corp.

    425,567      1,670,586

Nippon Telegraph & Telephone Corp.

    43,034      1,813,605

Nippon Yusen KK

    127,442      503,007

Nipponkoa Insurance Co., Ltd.†

    55,976      351,459

Nishi-Nippon City Bank Ltd.

    53,480      157,883

Nissan Chemical Industries Ltd.

    10,696      149,646

Nissan Motor Co., Ltd.*

    207,348      1,776,508

Nissha Printing Co., Ltd.

    2,400      93,700

Nisshin Seifun Group, Inc.

    14,638      188,983

Nisshin Steel Co., Ltd.

    59,672      124,463

Nisshinbo Holdings, Inc.

    10,134      104,928

Nissin Food Holdings Co., Ltd.

    6,306      212,134

Nitori Co., Ltd.

    3,125      237,325

Nitto Denko Corp.

    13,911      540,132

NOK Corp.

    9,064      136,411

Nomura Holdings, Inc.

    307,008      2,262,579

Nomura Real Estate Holdings, Inc.

    7,375      113,753

Nomura Real Estate Office Fund, Inc. (REIT)

    23      129,158

Nomura Research Institute Ltd.

    8,388      191,105

NSK Ltd.

    39,970      315,519

 

See Notes to Portfolio of Investments.

318

EQ ADVISORS TRUST

EQ/INTERNATIONAL CORE PLUS PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

NTN Corp.

    33,214    $ 149,923

NTT Data Corp.

    97      323,195

NTT DoCoMo, Inc.

    1,280      1,949,642

NTT Urban Development Corp.

    94      79,431

Obayashi Corp.

    56,666      251,539

Obic Co., Ltd.

    548      99,530

Odakyu Electric Railway Co., Ltd.

    50,103      416,944

OJI Paper Co., Ltd.

    77,612      340,367

Olympus Corp.

    17,452      560,017

Omron Corp.

    17,444      404,893

Ono Pharmaceutical Co., Ltd.

    7,375      328,163

Oracle Corp. Japan

    3,040      140,961

Oriental Land Co., Ltd.

    3,886      271,010

ORIX Corp.

    8,781      778,634

Osaka Gas Co., Ltd.

    162,868      583,600

Otsuka Corp.

    1,239      78,721

Panasonic Corp.

    163,086      2,494,523

Panasonic Electric Works Co., Ltd.

    31,526      397,911

Rakuten, Inc.

    564      407,813

Resona Holdings, Inc.

    42,108      532,374

Ricoh Co., Ltd.

    53,480      835,178

Rinnai Corp.

    2,984      156,717

Rohm Co., Ltd.

    7,826      584,292

Sankyo Co., Ltd.

    4,698      232,413

Santen Pharmaceutical Co., Ltd.

    6,431      193,019

Sanyo Electric Co., Ltd.*

    138,483      222,189

Sapporo Hokuyo Holdings, Inc.

    23,475      107,218

Sapporo Holdings Ltd.

    19,704      102,851

SBI Holdings, Inc.

    1,439      283,983

Secom Co., Ltd.

    17,627      771,146

Sega Sammy Holdings, Inc.

    16,275      197,062

Seiko Epson Corp.

    12,222      189,821

Sekisui Chemical Co., Ltd.

    33,214      225,240

Sekisui House Ltd.

    45,970      459,257

Senshu Ikeda Holdings, Inc.

    44,300      80,554

Seven & I Holdings Co., Ltd.

    63,612      1,537,058

Seven Bank Ltd.

    44      88,480

Sharp Corp.

    83,938      1,049,562

Shikoku Electric Power Co., Inc.

    14,243      403,569

Shimadzu Corp.

    19,140      153,341

Shimamura Co., Ltd.

    1,746      154,636

Shimano, Inc.

    5,236      231,585

Shimizu Corp.

    43,910      183,174

Shin-Etsu Chemical Co., Ltd.

    33,464      1,943,625

Shinko Electric Industries Co., Ltd.

    5,406      83,614

Shinsei Bank Ltd.

    84,173      101,739

Shionogi & Co., Ltd.

    25,207      479,389

Shiseido Co., Ltd.

    29,022      630,171

Shizuoka Bank Ltd.

    50,724      442,187

Showa Denko KK

    122,382      276,207

Showa Shell Sekiyu KK

    17,175      116,104

SMC Corp.

    4,548      617,329

Softbank Corp.

    63,072      1,553,694

Sojitz Corp.

    92,042      178,197

Sompo Japan Insurance, Inc.†

    76,806      538,932

Sony Corp.

    83,464      3,196,076

Sony Financial Holdings, Inc.

    66      216,729

Square Enix Holdings Co., Ltd.

    5,124      112,028

Stanley Electric Co., Ltd.

    12,184      236,278

Sumco Corp.*

    9,852      209,496

Sumitomo Chemical Co., Ltd.

    132,158      646,018

Sumitomo Corp.

    91,928      1,057,039

Sumitomo Electric Industries Ltd.

    60,460      741,118

Sumitomo Heavy Industries Ltd.

    49,784      299,801

Sumitomo Metal Industries Ltd.

    281,920      853,389

Sumitomo Metal Mining Co., Ltd.

    43,784    $ 651,444

Sumitomo Mitsui Financial Group, Inc.

    107,746      3,561,185

Sumitomo Realty & Development Co., Ltd.

    31,526      599,901

Sumitomo Rubber Industries Ltd.

    13,736      121,066

Sumitomo Trust & Banking Co., Ltd.

    119,092      698,068

Suruga Bank Ltd.

    17,890      159,975

Suzuken Co., Ltd.

    5,406      190,531

Suzuki Motor Corp.

    28,936      638,517

Sysmex Corp.

    2,900      169,986

T&D Holdings, Inc.

    24,384      577,193

Taiheiyo Cement Corp.*

    67,554      96,826

Taisei Corp.

    73,183      161,255

Taisho Pharmaceutical Co., Ltd.

    9,571      174,037

Taiyo Nippon Sanso Corp.

    21,392      209,138

Takashimaya Co., Ltd.

    21,955      180,356

Takeda Pharmaceutical Co., Ltd.

    62,323      2,743,172

TDK Corp.

    9,871      656,729

Teijin Ltd.

    78,250      262,814

Terumo Corp.

    13,850      737,758

THK Co., Ltd.

    10,508      229,290

Tobu Railway Co., Ltd.

    66,991      371,894

Toho Co., Ltd.

    8,446      136,054

Toho Gas Co., Ltd.

    36,592      199,614

Tohoku Electric Power Co., Inc.

    34,959      738,892

Tokio Marine Holdings, Inc.

    59,515      1,676,147

Tokuyama Corp.

    23,452      129,940

Tokyo Electric Power Co., Inc.

    101,258      2,699,058

Tokyo Electron Ltd.

    14,336      950,724

Tokyo Gas Co., Ltd.

    193,711      853,663

Tokyo Steel Manufacturing Co., Ltd.

    8,276      103,660

Tokyo Tatemono Co., Ltd.

    33,392      120,010

Tokyu Corp.

    94,011      393,179

Tokyu Land Corp.

    36,592      139,730

TonenGeneral Sekiyu KK

    20,830      175,793

Toppan Printing Co., Ltd.

    43,910      396,406

Toray Industries, Inc.

    109,774      641,102

Toshiba Corp.*

    335,683      1,734,248

Tosoh Corp.

    41,095      104,617

TOTO Ltd.

    20,267      138,090

Toyo Seikan Kaisha Ltd.

    13,304      235,655

Toyo Suisan Kaisha Ltd.

    7,756      200,599

Toyoda Gosei Co., Ltd.

    5,742      160,977

Toyota Boshoku Corp.

    5,292      101,663

Toyota Industries Corp.

    14,018      400,343

Toyota Motor Corp.

    243,136      9,739,484

Toyota Tsusho Corp.

    16,214      254,249

Trend Micro, Inc.

    8,982      313,203

Tsumura & Co.

    5,304      154,031

Ube Industries Ltd.

    87,123      223,655

Unicharm Corp.

    3,498      337,864

UNY Co., Ltd.

    13,511      111,713

Ushio, Inc.

    9,064      153,765

USS Co., Ltd.

    1,971      133,874

West Japan Railway Co.

    144      495,967

Yahoo! Japan Corp.

    1,215      442,515

Yakult Honsha Co., Ltd.

    8,007      215,998

Yamada Denki Co., Ltd.

    7,672      566,230

Yamaguchi Financial Group, Inc.

    15,763      172,484

Yamaha Corp.

    12,779      164,983

Yamaha Motor Co., Ltd.*

    18,532      277,712

Yamato Holdings Co., Ltd.

    33,736      474,159

Yamato Kogyo Co., Ltd.

    3,854      127,999

Yamazaki Baking Co., Ltd.

    9,571      118,447

 

See Notes to Portfolio of Investments.

319

EQ ADVISORS TRUST

EQ/INTERNATIONAL CORE PLUS PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Yaskawa Electric Corp.

    21,140    $ 193,333

Yokogawa Electric Corp.

    17,903      155,878
         
        188,073,914
         

Luxembourg (1.1%)

      

ArcelorMittal S.A.

    69,894      3,067,132

Millicom International Cellular S.A. (SDR)

    5,921      529,730

SES S.A. (FDR)

    23,780      600,454

Tenaris S.A.

    38,083      821,960

Tenaris S.A. (ADR)

    233,395      10,021,981
         
        15,041,257
         

Macau (0.0%)

      

Sands China Ltd.*

    164,000      260,651
         

Mexico (0.0%)

      

Fresnillo plc

    14,034      180,595
         

Netherlands (3.4%)

      

Aegon N.V.*

    130,646      894,637

Akzo Nobel N.V.

    19,523      1,112,629

ASML Holding N.V.

    36,306      1,297,511

Corio N.V. (REIT)

    4,504      300,729

European Aeronautic Defence and Space Co. N.V.

    34,443      692,922

Fugro N.V. (CVA)

    5,655      369,599

Heineken Holding N.V.

    9,299      413,653

Heineken N.V.

    19,567      1,005,592

ING Groep N.V. (CVA)*

    297,952      2,974,754

James Hardie Industries SE (CDI)*

    34,787      231,756

Koninklijke (Royal) KPN N.V.

    139,433      2,209,054

Koninklijke Ahold N.V.

    99,834      1,330,879

Koninklijke Boskalis Westminster N.V.

    4,791      183,614

Koninklijke DSM N.V.

    13,101      584,196

Koninklijke Philips Electronics N.V.

    79,664      2,554,381

Koninklijke Vopak N.V.*

    2,551      200,908

QIAGEN N.V.*

    19,275      443,876

Randstad Holding N.V.*

    8,558      406,699

Reed Elsevier N.V.

    61,251      744,392

Royal Dutch Shell plc, Class A

    291,220      8,440,793

Royal Dutch Shell plc, Class B

    220,516      6,075,263

SBM Offshore N.V.

    13,505      270,233

TNT N.V.

    31,338      898,595

Unilever N.V. (N.Y. Shares)

    67,440      2,033,990

Unilever N.V. (CVA)

    346,071      10,467,889

Wolters Kluwer N.V.

    22,715      492,568
         
        46,631,112
         

New Zealand (0.1%)

      

Auckland International Airport Ltd.

    78,739      108,509

Contact Energy Ltd.*

    24,194      109,992

Fletcher Building Ltd.

    49,634      294,400

Sky City Entertainment Group Ltd.

    42,135      96,377

Telecom Corp. of New Zealand Ltd.

    149,013      229,697
         
        838,975
         

Norway (0.4%)

      

DnB NOR ASA*

    73,664      841,598

Norsk Hydro ASA*

    57,445      437,855

Orkla ASA

    63,812      564,228

Renewable Energy Corp. ASA*

    29,858      139,664

Statoil ASA

    94,248      2,182,078

Telenor ASA*

    67,055      909,381

Yara International ASA

    16,026    $ 695,704
         
        5,770,508
         

Portugal (0.2%)

      

Banco Comercial Portugues S.A. (Registered)

    205,885      229,137

Banco Espirito Santo S.A. (Registered)*

    41,089      221,987

Brisa Auto-Estradas de Portugal S.A.

    14,704      124,720

Cimpor Cimentos de Portugal SGPS S.A.

    21,598      163,214

EDP - Energias de Portugal S.A.

    150,162      596,888

Galp Energia SGPS S.A., Class B

    14,382      249,806

Jeronimo Martins SGPS S.A.

    17,699      179,289

Portugal Telecom SGPS S.A. (Registered)

    45,704      511,002
         
        2,276,043
         

Singapore (0.9%)

      

Ascendas Real Estate Investment Trust (REIT)

    107,522      147,569

CapitaLand Ltd.

    216,502      614,399

CapitaMall Trust (REIT)

    181,267      229,345

CapitaMalls Asia Ltd.*

    119,662      193,314

City Developments Ltd.

    38,280      290,052

ComfortDelgro Corp., Ltd.

    143,550      160,076

Cosco Corp. (Singapore) Ltd.

    92,056      81,597

DBS Group Holdings Ltd.

    143,795      1,469,866

Fraser and Neave Ltd.

    72,620      249,170

Golden Agri-Resources Ltd.*

    546,879      226,734

Jardine Cycle & Carriage Ltd.

    11,449      240,446

Keppel Corp., Ltd.

    108,078      704,579

Neptune Orient Lines Ltd.

    80,991      116,367

Olam International Ltd.

    104,924      194,255

Oversea-Chinese Banking Corp., Ltd.

    208,922      1,300,769

SembCorp Industries Ltd.

    78,812      232,670

SembCorp Marine Ltd.

    72,626      217,522

Singapore Airlines Ltd.

    44,682      485,483

Singapore Exchange Ltd.

    72,302      395,375

Singapore Press Holdings Ltd.

    124,410      339,716

Singapore Technologies Engineering Ltd.

    103,019      234,912

Singapore Telecommunications Ltd.

    659,119      1,493,554

StarHub Ltd.

    46,724      76,485

United Overseas Bank Ltd.

    100,826      1,385,236

UOL Group Ltd.

    40,532      112,995

Wilmar International Ltd.

    102,455      490,688
         
        11,683,174
         

Spain (2.4%)

      

Abertis Infraestructuras S.A.

    24,125      464,328

Acciona S.A.

    2,186      242,432

Acerinox S.A.

    10,683      210,303

ACS Actividades de Construccion y Servicios S.A.

    12,026      554,858

Banco Bilbao Vizcaya Argentaria S.A.

    292,444      4,001,244

Banco de Sabadell S.A.

    77,681      428,912

Banco de Valencia S.A.

    15,892      101,313

Banco Popular Espanol S.A.

    74,189      546,108

Banco Santander S.A.

    667,027      8,865,006

Bankinter S.A.

    25,966      216,037

Criteria Caixacorp S.A.

    70,389      348,815

EDP Renovaveis S.A.*

    16,656      130,142

Enagas S.A.

    13,676      299,700

Ferrovial S.A.

    37,113      360,912

Fomento de Construcciones y Contratas S.A.

    3,582      131,135

 

See Notes to Portfolio of Investments.

320

EQ ADVISORS TRUST

EQ/INTERNATIONAL CORE PLUS PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Gamesa Corp. Tecnologica S.A.

    15,963    $ 218,838

Gas Natural SDG S.A.

    19,853      366,554

Gestevision Telecinco S.A.

    8,478      133,058

Grifols S.A.

    11,469      171,326

Iberdrola Renovables S.A.

    64,523      267,980

Iberdrola S.A.

    302,260      2,561,753

Iberia Lineas Aereas de Espana S.A.*

    38,290      133,842

Inditex S.A.

    17,919      1,181,193

Indra Sistemas S.A.

    7,523      154,243

Mapfre S.A.

    59,193      217,142

Red Electrica Corporacion S.A.

    9,300      499,113

Repsol YPF S.A.

    60,177      1,424,804

Sacyr Vallehermoso S.A.*

    8,291      73,147

Telefonica S.A.

    347,797      8,239,450

Zardoya Otis S.A.

    11,104      192,419
         
        32,736,107
         

Sweden (1.7%)

      

Alfa Laval AB

    28,799      423,972

Assa Abloy AB, Class B

    26,240      513,491

Atlas Copco AB, Class A

    55,256      857,086

Atlas Copco AB, Class B

    32,050      449,195

Electrolux AB, Class B

    20,397      466,098

Getinge AB, Class B

    17,034      408,357

Hennes & Mauritz AB, Class B

    42,341      2,750,764

Holmen AB, Class B

    4,060      109,363

Husqvarna AB, Class B*

    35,093      255,156

Investor AB, Class B

    38,476      738,017

Kinnevik Investment AB, Class B

    18,892      347,982

Lundin Petroleum AB*

    17,683      149,754

Nordea Bank AB

    264,862      2,613,553

Ratos AB, Class B*

    7,919      262,665

Sandvik AB

    82,057      1,025,627

Scania AB, Class B

    26,955      426,317

Securitas AB, Class B

    26,998      287,905

Skandinaviska Enskilda Banken AB, Class A*

    127,764      816,241

Skanska AB, Class B

    33,425      607,340

SKF AB, Class B

    33,056      587,359

SSAB AB, Class A

    15,625      280,880

SSAB AB, Class B

    7,135      115,811

Svenska Cellulosa AB, Class B

    48,125      678,493

Svenska Handelsbanken AB, Class A

    40,905      1,198,723

Swedbank AB, Class A*

    51,673      530,284

Swedish Match AB

    21,410      511,781

Tele2 AB, Class B

    26,595      443,827

Telefonaktiebolaget LM Ericsson, Class B

    250,627      2,641,431

TeliaSonera AB*

    184,386      1,308,725

Volvo AB, Class A*

    37,360      369,947

Volvo AB, Class B

    89,212      897,606
         
        23,073,750
         

Switzerland (11.3%)

      

ABB Ltd. (Registered)*

    313,462      6,846,576

ABB Ltd. (ADR)*

    109,492      2,391,305

Actelion Ltd. (Registered)*

    8,514      387,345

Adecco S.A. (Registered)

    10,470      594,299

Aryzta AG

    6,030      264,213

Baloise Holding AG (Registered)

    4,235      375,543

BKW FMB Energie AG

    1,242      92,290

Cie Financiere Richemont S.A., Class A

    43,861      1,698,449

Credit Suisse Group AG (Registered)

    94,040      4,847,377

Foster Wheeler AG*

    166,855      4,528,445

GAM Holding Ltd.

    16,914      207,735

Geberit AG (Registered)

    3,197    $ 572,149

Givaudan S.A. (Registered)

    651      571,107

Holcim Ltd. (Registered)*

    20,625      1,537,486

Julius Baer Group Ltd.

    17,525      635,747

Kuehne & Nagel International AG (Registered)

    4,435      448,800

Lindt & Spruengli AG

    67      158,540

Lindt & Spruengli AG (Registered)

    10      270,770

Logitech International S.A. (Registered)*

    14,247      234,432

Lonza Group AG (Registered)

    3,577      291,751

Nestle S.A. (Registered)

    436,737      22,367,031

Nestle S.A. (Registered) (ADR)

    100,935      5,167,872

Nobel Biocare Holding AG (Registered)

    10,580      282,963

Noble Corp.*

    574,084      24,008,193

Novartis AG (Registered)

    201,052      10,859,172

Novartis AG (ADR)

    47,851      2,588,739

Pargesa Holding S.A.

    2,017      171,208

Roche Holding AG

    58,339      9,461,276

Schindler Holding AG

    5,503      482,394

SGS S.A. (Registered)

    464      639,848

Sonova Holding AG

    3,928      488,020

STMicroelectronics N.V.

    58,048      577,827

Straumann Holding AG (Registered)

    629      156,594

Swatch Group AG

    2,609      831,891

Swatch Group AG (Registered)

    3,988      237,147

Swiss Life Holding AG (Registered)*

    2,671      350,847

Swiss Reinsurance Co., Ltd.*

    29,256      1,440,048

Swisscom AG (Registered)

    1,974      720,405

Syngenta AG (Registered)

    7,932      2,202,665

Syngenta AG (ADR)

    58,884      3,268,651

Transocean Ltd.*

    246,677      21,307,959

UBS AG (Registered)*

    297,600      4,837,693

Weatherford International Ltd.*

    563,556      8,937,998

Xstrata plc*

    156,174      2,958,871

Zurich Financial Services AG

    12,382      3,174,179
         
        154,473,850
         

United Kingdom (13.8%)

      

3i Group plc

    79,252      350,211

Admiral Group plc

    15,024      300,946

AMEC plc

    27,856      337,749

Anglo American plc*

    107,598      4,692,666

Antofagasta plc

    33,360      526,487

Associated British Foods plc

    30,147      447,645

AstraZeneca plc

    119,692      5,338,182

Autonomy Corp. plc*

    18,171      502,683

Aviva plc

    229,271      1,340,531

BAE Systems plc

    617,253      3,477,898

Balfour Beatty plc

    50,928      225,822

Barclays plc

    941,769      5,149,171

BG Group plc

    275,957      4,776,012

BHP Billiton plc

    181,271      6,216,780

BP plc

    1,544,308      14,609,300

British Airways plc*

    46,347      170,906

British American Tobacco plc

    355,463      12,252,814

British American Tobacco plc (ADR)

    46,162      3,180,562

British Land Co. plc (REIT)

    73,694      538,017

British Sky Broadcasting Group plc

    94,947      867,374

BT Group plc, Class A

    644,376      1,211,544

Bunzl plc

    25,330      277,140

Burberry Group plc

    33,060      358,454

Cable & Wireless Worldwide plc*

    216,733      302,581

Cairn Energy plc*

    115,540      731,134

Capita Group plc

    51,774      594,360

 

See Notes to Portfolio of Investments.

321

EQ ADVISORS TRUST

EQ/INTERNATIONAL CORE PLUS PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Carnival plc

    13,989    $ 574,226

Centrica plc

    425,204      1,896,381

Cobham plc

    87,048      339,485

Compass Group plc

    154,236      1,231,119

Diageo plc

    539,598      9,056,370

Diageo plc (ADR)

    7,038      474,713

Drax Group plc

    29,140      165,206

Eurasian Natural Resources Corp.

    24,016      434,416

Firstgroup plc

    35,940      195,795

G4S plc

    101,226      401,691

GlaxoSmithKline plc

    426,143      8,183,634

Hammerson plc (REIT)

    60,551      361,480

Home Retail Group plc

    70,322      289,194

HSBC Holdings plc

    1,435,366      14,550,162

ICAP plc

    43,614      247,397

Imperial Tobacco Group plc

    84,075      2,564,435

Inmarsat plc

    35,662      409,125

Intercontinental Hotels Group plc

    21,971      344,079

International Power plc

    127,473      616,881

Invensys plc

    61,171      316,262

Investec plc

    32,437      265,313

J Sainsbury plc

    100,340      498,823

Johnson Matthey plc

    18,161      481,186

Kazakhmys plc*

    18,129      420,089

Kingfisher plc

    195,351      635,578

Land Securities Group plc (REIT)

    63,251      650,767

Legal & General Group plc

    498,992      666,733

Liberty International plc (REIT)

    42,793      326,965

Lloyds Banking Group plc*

    3,124,559      2,976,251

London Stock Exchange Group plc

    11,955      128,897

Lonmin plc*

    12,581      389,088

Man Group plc

    143,456      525,732

Marks & Spencer Group plc

    132,193      742,431

National Grid plc

    207,680      2,021,715

Next plc

    16,369      537,537

Old Mutual plc*

    439,383      816,786

Pearson plc

    67,541      1,061,832

Petrofac Ltd.

    16,654      303,775

Prudential plc

    213,470      1,773,575

Randgold Resources Ltd.

    7,567      575,869

Reckitt Benckiser Group plc

    50,259      2,758,615

Reed Elsevier plc

    101,273      807,598

Resolution Ltd.*

    227,183      282,523

Rexam plc

    84,586      375,964

Rio Tinto plc

    312,772      18,534,361

Rio Tinto plc (ADR)

    8,332      1,972,434

Rolls-Royce Group plc*

    154,018      1,391,816

Royal Bank of Scotland Group plc*

    1,374,138      917,512

RSA Insurance Group plc

    291,662      564,311

SABMiller plc

    77,494      2,271,977

Sage Group plc

    111,071      403,004

Schroders plc

    9,876      210,865

Scottish & Southern Energy plc

    76,638      1,280,443

Segro plc (REIT)

    58,416      283,314

Serco Group plc

    39,306      358,478

Severn Trent plc

    18,018      326,741

Smith & Nephew plc

    73,968      736,898

Smiths Group plc

    31,069      535,592

Standard Chartered plc

    165,088      4,503,116

Standard Life plc

    183,423      557,524

Tesco plc

    651,374      4,304,249

Thomas Cook Group plc

    70,113      287,058

Tomkins plc

    65,955      236,205

TUI Travel plc

    42,696      195,345

Tullow Oil plc

    73,566      1,395,455

Unilever plc

    106,722    $ 3,133,745

United Utilities Group plc

    57,434      487,203

Vedanta Resources plc

    11,588      488,154

Vodafone Group plc

    4,391,872      10,130,292

Whitbread plc

    13,485      301,632

WM Morrison Supermarkets plc

    176,325      785,327

Wolseley plc*

    25,513      616,358

WPP plc

    104,424      1,082,305
         
        189,744,376
         

United States (2.2%)

      

Bunge Ltd.

    61,868      3,812,925

Cooper Industries plc

    168,938      8,098,888

Schlumberger Ltd.

    282,144      17,904,858

Synthes, Inc.

    4,906      612,319
         
        30,428,990
         

Total Common Stocks (87.8%)
(Cost $1,041,098,883)

         1,204,461,000
         

INVESTMENT COMPANIES:

      

Exchange Traded Funds (ETFs)(9.9%)

      

iShares FTSE/Xinhua China 25 Index Fund

    105,310      4,433,551

iShares MSCI Australia Index Fund

    101,215      2,426,124

iShares MSCI Austria Investable Market Index Fund

    154,737      3,056,056

iShares MSCI Belgium Investable Market Index Fund

    217,897      2,837,019

iShares MSCI BRIC Index Fund

    91,016      4,221,322

iShares MSCI Canada Index Fund

    63,258      1,764,266

iShares MSCI EAFE Index Fund

    713,766      39,970,896

iShares MSCI Emerging Markets Index Fund

    145,232      6,117,172

iShares MSCI France Index Fund

    144,067      3,610,319

iShares MSCI Germany Index Fund

    403,110      8,820,047

iShares MSCI Hong Kong Index Fund

    84,477      1,376,130

iShares MSCI Italy Index Fund

    304,348      5,551,307

iShares MSCI Japan Index Fund

    1,104,680      11,532,859

iShares MSCI Malaysia Index Fund

    15,062      175,924

iShares MSCI Mexico Investable Market Index Fund

    16,448      877,830

iShares MSCI Netherlands Investable Market Index Fund

    129,493      2,641,657

iShares MSCI Pacific ex-Japan Index Fund

    88,492      3,804,271

iShares MSCI Singapore Index Fund

    101,126      1,162,949

iShares MSCI South Korea Index Fund

    7,000      350,000

iShares MSCI Spain Index Fund

    51,821      2,188,919

iShares MSCI Sweden Index Fund

    49,503      1,256,881

iShares MSCI Thailand Index Fund

    4,018      192,543

iShares MSCI Turkey Index Fund

    9,184      526,335

iShares S&P Europe 350 Index Fund

    452,266      17,339,878

iShares S&P Latin America 40 Index Fund

    5,547      267,754

SPDR DJ EURO Stoxx 50 Fund

    153,264      5,961,970

SPDR S&P Emerging Asia Pacific ETF

    29,579      2,225,228

SPDR S&P Emerging Europe ETF

    13,567      618,519
         

Total Investment Companies (9.9%)
(Cost $113,849,992)

         135,307,726
         

 

See Notes to Portfolio of Investments.

322

EQ ADVISORS TRUST

EQ/INTERNATIONAL CORE PLUS PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Rights		    Value
(Note 1)

RIGHTS:

      

Germany (0.0%)

      

Volkswagen AG, expiring 4/13/10*
(Cost $—)

      11,285    $ 7,011
         
     Number of
Warrants		    Value
(Note 1)

WARRANT:

      

Singapore (0.0%)

      

Golden Agri-Resources Ltd., expiring 7/23/12*
(Cost $—)

      28,904      2,583
         
     Principal
Amount		    Value
(Note 1)

SHORT-TERM INVESTMENT:

      

Time Deposit (1.4%)

      

JPMorgan Chase Nassau

      

0.000%, 4/1/10

      

(Amortized Cost $19,655,746)

    $ 19,655,746    $ 19,655,746
         

Total Investments (99.1%)
(Cost/Amortized Cost $1,174,604,621)

         1,359,434,066

Other Assets Less Liabilities (0.9%)

         12,536,599
         

Net Assets (100%)

       $ 1,371,970,665
         

 

* Non-income producing.

 

† Securities (totaling $1,958,512 or 0.1% of net assets) at fair value by management.

 

(b) Illiquid Security.

Glossary:

ADR — American Depositary Receipt

CDI — Chess Depositary Interest

CVA — Dutch Certification

FDR — Finnish Depositary Receipt

PPS — Price Protected Share

REIT — Real Estate Investment Trust

RNC — Risparmio Non-Convertible Savings Shares

SDR — Swedish Certification

Market Sector Diversification

As a Percentage of Total Net Assets

 

Consumer Discretionary

    6.0 % 

Consumer Staples

    9.2   

Energy

    15.2   

Exchange Traded Funds

    9.9   

Financials

    16.7   

Health Care

    5.0   

Industrials

    10.7   

Information Technology

    3.4   

Materials

    14.3   

Telecommunication Services

    3.4   

Utilities

    3.9   

Cash and Other

    2.3   
      
   100.0 % 
      

 

See Notes to Portfolio of Investments.

323

EQ ADVISORS TRUST

EQ/INTERNATIONAL CORE PLUS PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

At March 31, 2010, the Portfolio had the following futures contracts open: (Note 1)

 

     Number of
Contracts		    Expiration
Date		    Original
Value		    Value at
3/31/2010		    Unrealized
Appreciation/
(Depreciation)
Purchases               

CAC40 10 Euro Index

    2    June-10    $ 103,504    $ 104,540    $ 1,036

Dow Jones EURO Stoxx 50 Index

    117    June-10      4,478,120      4,505,323      27,203

E-Mini MSCI EAFE Index

    154    June-10      11,912,083      12,118,260      206,177

FTSE 100 Index

    34    June-10      2,882,778      2,894,737      11,959

Hang Seng Index

    2    April-10      265,136      273,433      8,297

OMXS 30 Index

    12    April-10      169,084      169,100      16

SPI 200 Index

    9    June-10      1,003,523      1,007,373      3,850

TOPIX Index

    23    June-10      2,305,029      2,404,803      99,774
                  
               $ 358,312
                  

The following is a summary of the inputs used to value the Portfolio’s assets and liabilities carried at fair value as of March 31, 2010:

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, money market securities are valued using amortized cost, in accordance with rules under the Investment Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active market, such securities are reflected as Level 2.

Various inputs are used in determining the value of the Portfolio’s investments. These inputs are summarized in the three broad levels listed below:

 

Investment Type

    Level 1
Quoted prices in active
markets for identical
securities		    Level 2
Significant other
observable inputs
(including quoted prices
for similar securities,
interest rates,
prepayment speeds,
credit risk, etc.)		    Level 3
Significant unobservable
inputs (including the
Portfolio’s own
assumptions in
determining the fair
value of investments)		    Total

Assets:

            

Common Stocks

            

Consumer Discretionary

    $ —      $ 83,650,246    $ 184,998    $ 83,835,244

Consumer Staples

      14,670,062      110,567,670      —        125,237,732

Energy

      132,065,384      71,882,235      883,123      204,830,742

Financials

      13,304,618      212,644,417      890,391      226,839,426

Health Care

      2,588,739      69,916,485      —        72,505,224

Industrials

      48,087,361      104,290,305      —        152,377,666

Information Technology

      —        44,733,353      —        44,733,353

Materials

      72,397,262      125,940,016      —        198,337,278

Telecommunication Services

      —        46,419,122      —        46,419,122

Utilities

      —        49,345,213      —        49,345,213

Futures

      358,312      —        —        358,312

Investment Companies

            

Exchange Traded Funds (ETFs)

      135,307,726      —        —        135,307,726

Rights

            

Consumer Discretionary

      —        7,011      —        7,011

Short-Term Investments

      —        19,655,746      —        19,655,746

Warrants

            

Consumer Staples

      —        2,583      —        2,583
                           

Total Assets

    $ 418,779,464    $ 939,054,402    $ 1,958,512    $ 1,359,792,378
                           

Total Liabilities

    $ —      $ —      $ —      $ —  
                           

Total

    $ 418,779,464    $ 939,054,402    $ 1,958,512    $ 1,359,792,378
                           

 

See Notes to Portfolio of Investments.

324

EQ ADVISORS TRUST

EQ/INTERNATIONAL CORE PLUS PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:

 

     Investments in Securities-
Consumer Discretionary		    Investments  in
Securities-Energy		  

Balance as of 12/31/09

    $ —      $ —     

Total gains or losses (realized/unrealized) included in earnings

      31,353      64,832   

Purchases, sales, issuances, and settlements (net)

      —        55,936   

Transfers into Level 3

      153,645      762,355   

Transfers out of Level 3

      —        —     
               

Balance as of 3/31/10

    $ 184,998    $ 883,123   
               

The amount of total gains or losses for the year included in earnings attributable to the change in unrealized gains or losses relating to assets and liabilities still held at period ending 3/31/10.

    $ 31,353    $ 64,832   
     Investments in
Securities-Financials 		   Investments in
Securities-Industrials		  

Balance as of 12/31/09

    $ —      $ 37,561   

Total gains or losses (realized/unrealized) included in earnings

      97,254      (364 ) 

Purchases, sales, issuances, and settlements (net)

      32,300      (37,197 ) 

Transfers into Level 3

      760,837      —     

Transfers out of Level 3

      —        —     
               

Balance as of 3/31/10

    $ 890,391    $ —     
               

The amount of total gains or losses for the year included in earnings attributable to the change in unrealized gains or losses relating to assets and liabilities still held at period ending 3/31/10.

    $ 912,774    $ —     

Investment security transactions for the three months ended March 31, 2010 were as follows:

 

Cost of Purchases:

   

Stocks and long-term corporate debt securities

    $ 25,402,601

Net Proceeds of Sales and Redemptions:

   

Stocks and long-term corporate debt securities

    $ 13,657,244

As of March 31, 2010, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investments for Federal income tax purposes was as follows:

 

Aggregate gross unrealized appreciation

    $ 195,844,767   

Aggregate gross unrealized depreciation

      (64,299,445 ) 
        

Net unrealized appreciation

    $ 131,545,322   
        

Federal income tax cost of investments

    $ 1,227,888,744   
        

The Portfolio has a net capital loss carryforward of $309,015,954 of which $9,429,837 expires in the year 2016 and $299,586,117 expires in the year 2017.

 

See Notes to Portfolio of Investments.

325

EQ ADVISORS TRUST

EQ/INTERNATIONAL GROWTH PORTFOLIO

PORTFOLIO OF INVESTMENTS

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

COMMON STOCKS:

      

Australia (0.6%)

      

Iluka Resources Ltd.*

    1,119,730    $ 4,500,539
         

Brazil (2.8%)

      

Cia de Bebidas das Americas (Preference) (ADR)

    115,280      10,566,565

Fleury S.A.*

    243,200      2,624,347

Petroleo Brasileiro S.A. (ADR)

    205,760      9,154,262
         
        22,345,174
         

China (1.6%)

      

China Construction Bank Corp., Class H

    7,493,000      6,137,808

China Pacific Insurance Group Co. Ltd., Class H*

    1,437,600      6,369,378
         
        12,507,186
         

Czech Republic (0.6%)

      

CEZ A/S

    94,580      4,467,776
         

Denmark (1.1%)

      

Novo Nordisk A/S, Class B

    111,920      8,684,674
         

Finland (1.1%)

      

Nokia Oyj

    550,380      8,571,065
         

France (8.6%)

      

Air Liquide S.A.

    77,848      9,345,323

Cie Generale d’Optique Essilor International S.A.

    87,290      5,573,050

Danone S.A.

    187,549      11,297,762

LVMH Moet Hennessy Louis Vuitton S.A.

    180,820      21,135,191

Schneider Electric S.A.

    105,081      12,324,998

Total S.A.

    146,220      8,488,208
         
        68,164,532
         

Germany (9.4%)

      

Bayer AG

    169,172      11,442,887

Beiersdorf AG

    151,730      9,075,508

Deutsche Boerse AG

    137,930      10,223,878

Henkel AG & Co. KGaA (Preference)

    159,730      8,599,369

Linde AG

    103,150      12,307,489

Merck KGaA

    91,110      7,383,463

SAP AG

    150,970      7,312,128

Symrise AG

    351,744      8,375,714
         
        74,720,436
         

Greece (0.6%)

      

Coca Cola Hellenic Bottling Co. S.A.

    172,885      4,660,802
         

Hong Kong (4.9%)

      

China Unicom Hong Kong Ltd.

    9,930,000      11,177,925

Dairy Farm International Holdings Ltd.

    1,023,300      6,753,780

Esprit Holdings Ltd.

    1,312,614      10,354,845

Li & Fung Ltd.

    2,230,000      10,971,568
         
        39,258,118
         

India (0.7%)

      

Infosys Technologies Ltd. (ADR)

    94,840      5,581,334
         

Indonesia (1.0%)

      

PT Bank Rakyat Indonesia

    8,856,000      8,029,232
         

Ireland (1.8%)

      

Accenture plc, Class A

    347,780      14,589,371
         

Israel (2.1%)

      

NICE Systems Ltd. (ADR)*

    156,760    $ 4,977,130

Teva Pharmaceutical Industries Ltd. (ADR)

    189,280      11,939,782
         
        16,916,912
         

Italy (1.9%)

      

Saipem S.p.A.

    385,760      14,927,416
         

Japan (13.4%)

      

Hisamitsu Pharmaceutical Co., Inc.

    122,800      4,564,445

HOYA Corp.

    262,500      7,213,205

INPEX Corp.

    2,054      15,071,601

Keyence Corp.

    21,900      5,233,137

Konica Minolta Holdings, Inc.

    1,079,500      12,597,438

Lawson, Inc.

    104,500      4,459,889

Nomura Holdings, Inc.

    1,270,600      9,364,033

Santen Pharmaceutical Co., Ltd.

    156,900      4,709,182

Shimano, Inc.

    165,800      7,333,223

Shin-Etsu Chemical Co., Ltd.

    213,600      12,406,118

Shiseido Co., Ltd.

    336,700      7,310,953

Tokyo Electron Ltd.

    151,700      10,060,327

Trend Micro, Inc.

    500      17,435

Unicharm Corp.

    69,400      6,703,198
         
        107,044,184
         

Mexico (0.6%)

      

Grupo Televisa S.A. (ADR)

    221,130      4,648,153
         

Netherlands (1.8%)

      

Akzo Nobel N.V.

    181,210      10,327,281

Heineken N.V.

    73,900      3,797,886
         
        14,125,167
         

Peru (0.9%)

      

Credicorp Ltd.

    80,440      7,093,199
         

Philippines (1.0%)

      

Philippine Long Distance Telephone Co.

    152,540      8,168,772
         

Russia (1.5%)

      

Gazprom OAO (ADR)

    530,490      12,376,332
         

South Africa (0.8%)

      

MTN Group Ltd.*

    439,270      6,754,521
         

South Korea (1.7%)

      

Amorepacific Corp.

    6,373      4,635,626

Samsung Electronics Co., Ltd.

    12,150      8,784,038
         
        13,419,664
         

Spain (2.2%)

      

Inditex S.A.

    97,690      6,439,576

Telefonica S.A.

    457,210      10,831,488
         
        17,271,064
         

Switzerland (11.7%)

      

Cie Financiere Richemont S.A., Class A

    216,770      8,394,081

Credit Suisse Group AG (Registered)

    262,120      13,511,212

Julius Baer Group Ltd.

    304,152      11,033,587

Nestle S.A. (Registered)

    508,250      26,029,495

Roche Holding AG

    101,800      16,509,674

Sonova Holding AG

    70,158      8,716,519

Swatch Group AG

    26,951      8,593,443
         
        92,788,011
         

Taiwan (3.5%)

      

Acer, Inc.

    3,385,160      9,998,363

 

See Notes to Portfolio of Investments.

326

EQ ADVISORS TRUST

EQ/INTERNATIONAL GROWTH PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)		  

Taiwan Semiconductor Manufacturing Co., Ltd. (ADR)

      1,687,098    $ 17,697,658   
           
        27,696,021   
           

United Kingdom (16.5%)

      

Aberdeen Asset Management plc

      2,750,520      5,426,088   

ARM Holdings plc

      1,748,560      6,323,147   

BHP Billiton plc

      705,860      24,207,822   

Capita Group plc

      283,087      3,249,807   

Diageo plc

      564,370      9,472,132   

HSBC Holdings plc

      1,100,313      11,153,763   

ICAP plc

      861,800      4,888,487   

IG Group Holdings plc

      773,260      4,719,504   

Intertek Group plc

      433,180      9,584,173   

Reckitt Benckiser Group plc

      286,080      15,702,352   

Reed Elsevier plc

      912,670      7,278,053   

SSL International plc

      351,370      4,334,948   

Standard Chartered plc

      396,741      10,821,929   

Tesco plc

      1,162,800      7,683,729   

WPP plc

      621,865      6,445,335   
           
        131,291,269   
           

United States (1.4%)

      

Synthes, Inc.

      91,490      11,418,896   
           

Total Common Stocks (95.8%)
(Cost $593,830,476)

         762,019,820   
           
     Number of
Warrants		    Value
(Note 1)		  

WARRANT:

      

Luxembourg (2.0%)

      

Deutsche Bank AG/London, expiring 1/24/17(b)*§
(Cost $15,882,017)

      380,604      16,259,479   
           
     Principal
Amount		    Value
(Note 1)		  

SHORT-TERM INVESTMENT:

      

Time Deposit (2.3%)

      

JPMorgan Chase Nassau

      

0.000%, 4/1/10

      

(Amortized Cost $18,152,071)

    $ 18,152,071    $ 18,152,071   
           

Total Investments (100.1%)

      

(Cost/Amortized Cost $627,864,564)

         796,431,370   

Other Assets Less Liabilities (-0.1%)

         (700,093 ) 
           

Net Assets (100%)

       $ 795,731,277   
           

 

* Non-income producing.

 

§ Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may only be resold to qualified institutional buyers. At March 31, 2010, the market value of these securities amounted to $16,259,479 or 2.0% of net assets. Securities denoted with “§” but without “b” have been determined to be liquid under the guidelines established by the Board of Trustees. To the extent any securities might provide a right to demand registration, such rights have not been relied upon when determining liquidity.

 

(b) Illiquid Security.

Glossary:

ADR — American Depositary Receipt

 

Market Sector Diversification   

As a Percentage of Total Net Assets

   

Consumer Discretionary

    11.5 % 

Consumer Staples

    17.2   

Energy

    7.6   

Financials

    15.8   

Health Care

    12.2   

Industrials

    3.1   

Information Technology

    14.9   

Materials

    10.3   

Telecommunication Services

    4.6   

Utilities

    0.6   

Cash and Other

    2.2   
      
   100.0 % 
      

 

See Notes to Portfolio of Investments.

327

EQ ADVISORS TRUST

EQ/INTERNATIONAL GROWTH PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

The following is a summary of the inputs used to value the Portfolio’s assets and liabilities carried at fair value as of March 31, 2010:

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, money market securities are valued using amortized cost, in accordance with rules under the Investment Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active market, such securities are reflected as Level 2.

Various inputs are used in determining the value of the Portfolio’s investments. These inputs are summarized in the three broad levels listed below:

 

Investment Type

    Level 1
Quoted prices in active
markets for identical
securities		    Level 2
Significant other
observable inputs
(including quoted prices
for similar securities,
interest rates,
prepayment speeds,
credit risk, etc.)		    Level 3
Significant unobservable
inputs (including the
Portfolio’s own
assumptions in
determining the fair
value of investments)		    Total

Assets:

            

Common Stocks

            

Consumer Discretionary

    $ 4,648,153    $ 86,945,315    $ —      $ 91,593,468

Consumer Staples

      10,566,565      126,182,481      —        136,749,046

Energy

      9,154,262      50,863,557      —        60,017,819

Financials

      7,093,199      101,678,899      —        108,772,098

Health Care

      14,564,129      83,337,738      —        97,901,867

Industrials

      —        25,158,978      —        25,158,978

Information Technology

      42,845,493      76,110,283      —        118,955,776

Materials

      —        81,470,286      —        81,470,286

Telecommunication Services

      —        36,932,706      —        36,932,706

Utilities

      —        4,467,776      —        4,467,776

Short-Term Investments

      —        18,152,071      —        18,152,071

Warrants

            

Financials

      —        16,259,479      —        16,259,479
                           

Total Assets

    $ 88,871,801    $ 707,559,569    $ —      $ 796,431,370
                           

Total Liabilities

    $ —      $ —      $ —      $ —  
                           

Total

    $ 88,871,801    $ 707,559,569    $ —      $ 796,431,370
                           

Investment security transactions for the three months ended March 31, 2010 were as follows:

 

Cost of Purchases:

   

Stocks and long-term corporate debt securities

    $ 119,595,966

Net Proceeds of Sales and Redemptions:

   

Stocks and long-term corporate debt securities

    $ 91,775,934

As of March 31, 2010, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investments for Federal income tax purposes was as follows:

 

Aggregate gross unrealized appreciation

    $ 153,396,873   

Aggregate gross unrealized depreciation

      (7,450,391 ) 
        

Net unrealized appreciation

    $ 145,946,482   
        

Federal income tax cost of investments

    $ 650,484,888   
        

The Portfolio has a net capital loss carryforward of $60,527,546 of which $26,353 expires in the year 2010, $33,548,990 expires in the year 2016, and $26,952,203 expires in the year 2017.

 

See Notes to Portfolio of Investments.

328

EQ ADVISORS TRUST

EQ/JPMORGAN VALUE OPPORTUNITIES PORTFOLIO

PORTFOLIO OF INVESTMENTS

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

COMMON STOCKS:

      

Consumer Discretionary (9.7%)

      

Auto Components (1.0%)

      

Johnson Controls, Inc.

    125,940    $ 4,154,761
         

Hotels, Restaurants & Leisure (1.1%)

      

Carnival Corp.

    35,800      1,391,904

International Game Technology

    75,390      1,390,946

Royal Caribbean Cruises Ltd.*

    41,885      1,381,786
         
        4,164,636
         

Household Durables (0.6%)

      

KB Home

    34,700      581,225

Lennar Corp., Class A

    101,380      1,744,750
         
        2,325,975
         

Media (5.3%)

      

Gannett Co., Inc.

    156,600      2,587,032

Time Warner Cable, Inc.

    70,407      3,753,397

Time Warner, Inc.

    165,075      5,161,895

Walt Disney Co.

    267,510      9,338,774
         
        20,841,098
         

Multiline Retail (0.4%)

      

Kohl’s Corp.*

    28,400      1,555,752
         

Specialty Retail (0.8%)

      

Staples, Inc.

    132,800      3,106,192
         

Textiles, Apparel & Luxury Goods (0.5%)

      

Coach, Inc.

    51,200      2,023,424
         

Total Consumer Discretionary

         38,171,838
         

Consumer Staples (5.7%)

      

Beverages (0.8%)

      

Coca-Cola Co.

    58,150      3,198,250
         

Food & Staples Retailing (3.2%)

      

CVS Caremark Corp.

    193,631      7,079,150

Kroger Co.

    57,986      1,255,977

Sysco Corp.

    93,210      2,749,695

Wal-Mart Stores, Inc.

    28,057      1,559,969
         
        12,644,791
         

Food Products (0.6%)

      

General Mills, Inc.

    31,985      2,264,218
         

Household Products (1.1%)

      

Procter & Gamble Co.

    67,360      4,261,867
         

Total Consumer Staples

         22,369,126
         

Energy (16.5%)

      

Energy Equipment & Services (2.4%)

      

Baker Hughes, Inc.

    20,500      960,220

Halliburton Co.

    108,579      3,271,485

Schlumberger Ltd.

    82,295      5,222,441
         
        9,454,146
         

Oil, Gas & Consumable Fuels (14.1%)

      

Anadarko Petroleum Corp.

    50,265      3,660,800

Apache Corp.

    35,555      3,608,832

Chevron Corp.

    119,100      9,031,353

ConocoPhillips

    166,400      8,514,688

EOG Resources, Inc.

    7,400      687,756

Exxon Mobil Corp.

    215,320      14,422,134

Occidental Petroleum Corp.

    124,835      10,553,551

Williams Cos., Inc.

    220,905    $ 5,102,905
         
        55,582,019
         

Total Energy

         65,036,165
         

Financials (26.6%)

      

Capital Markets (5.5%)

      

Goldman Sachs Group, Inc.

    66,075      11,274,377

Morgan Stanley

    210,170      6,155,879

State Street Corp.

    95,670      4,318,544
         
        21,748,800
         

Commercial Banks (7.2%)

      

BB&T Corp.

    165,509      5,360,837

Fifth Third Bancorp

    160,800      2,185,272

U.S. Bancorp

    125,790      3,255,445

Wells Fargo & Co.

    524,635      16,326,641

Zions Bancorp

    66,500      1,451,030
         
        28,579,225
         

Consumer Finance (1.2%)

      

Capital One Financial Corp.

    111,130      4,601,893
         

Diversified Financial Services (6.6%)

      

Bank of America Corp.

    1,031,732      18,416,416

Citigroup, Inc.*

    1,331,426      5,392,276

North American Financial Holdings, Inc., Class A(b)*§†

    110,140      2,202,800
         
        26,011,492
         

Insurance (4.7%)

      

ACE Ltd.

    72,060      3,768,738

Aflac, Inc.

    70,603      3,833,037

Genworth Financial, Inc., Class A*

    66,010      1,210,623

MetLife, Inc.

    13,800      598,092

Primerica, Inc.*

    7,000      105,000

Principal Financial Group, Inc.

    53,100      1,551,051

Prudential Financial, Inc.

    87,038      5,265,799

RenaissanceReinsurance Holdings Ltd.

    37,715      2,140,704
         
        18,473,044
         

Real Estate Investment Trusts (REITs) (1.0%)

      

Alexandria Real Estate Equities, Inc. (REIT)

    32,820      2,218,632

Lexington Realty Trust (REIT)

    214,400      1,395,744

Mack-Cali Realty Corp. (REIT)

    14,100      497,025
         
        4,111,401
         

Thrifts & Mortgage Finance (0.4%)

      

New York Community Bancorp, Inc.

    96,500      1,596,110
         

Total Financials

         105,121,965
         

Health Care (9.5%)

      

Biotechnology (0.1%)

      

Celgene Corp.*

    9,460      586,142
         

Health Care Equipment & Supplies (0.7%)

      

Baxter International, Inc.

    16,500      960,300

Covidien plc

    38,460      1,933,769
         
        2,894,069
         

Health Care Providers & Services (2.7%)

      

Aetna, Inc.

    73,380      2,576,372

McKesson Corp.

    35,980      2,364,605

WellPoint, Inc.*

    86,755      5,585,287
         
        10,526,264
         

Pharmaceuticals (6.0%)

      

Abbott Laboratories, Inc.

    56,975      3,001,443

 

See Notes to Portfolio of Investments.

329

EQ ADVISORS TRUST

EQ/JPMORGAN VALUE OPPORTUNITIES PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)		  

Merck & Co., Inc.

      307,280    $ 11,476,908   

Pfizer, Inc.

      535,895      9,190,599   
           
        23,668,950   
           

Total Health Care

         37,675,425   
           

Industrials (10.5%)

      

Aerospace & Defense (1.9%)

      

Honeywell International, Inc.

      45,875      2,076,761   

Precision Castparts Corp.

      16,430      2,081,845   

United Technologies Corp.

      47,057      3,463,866   
           
        7,622,472   
           

Electrical Equipment (0.9%)

      

Cooper Industries plc

      38,500      1,845,690   

Roper Industries, Inc.

      26,700      1,544,328   
           
        3,390,018   
           

Industrial Conglomerates (1.9%)

      

General Electric Co.

      308,980      5,623,436   

Tyco International Ltd.

      51,910      1,985,557   
           
        7,608,993   
           

Machinery (3.5%)

      

Deere & Co.

      58,400      3,472,464   

Eaton Corp.

      38,840      2,942,907   

Joy Global, Inc.

      27,070      1,532,162   

Navistar International Corp.*

      55,400      2,478,042   

Parker Hannifin Corp.

      54,420      3,523,151   
           
        13,948,726   
           

Road & Rail (2.0%)

      

Norfolk Southern Corp.

      90,695      5,068,944   

Union Pacific Corp.

      38,680      2,835,244   
           
        7,904,188   
           

Trading Companies & Distributors (0.3%)

      

GATX Corp.

      35,200      1,008,480   
           

Total Industrials

         41,482,877   
           

Information Technology (8.4%)

      

Communications Equipment (1.1%)

      

Cisco Systems, Inc.*

      161,885      4,213,866   
           

Computers & Peripherals (2.5%)

      

Hewlett-Packard Co.

      180,580      9,597,827   
           

Electronic Equipment, Instruments & Components (1.5%)

      

Corning, Inc.

      298,971      6,042,204   
           

Internet Software & Services (0.4%)

      

Google, Inc., Class A*

      2,691      1,525,824   
           

Semiconductors & Semiconductor Equipment (1.0%)

      

Applied Materials, Inc.

      147,300      1,985,604   

Intersil Corp., Class A

      75,200      1,109,952   

Marvell Technology Group Ltd.*

      46,400      945,632   
           
        4,041,188   
           

Software (1.9%)

      

Microsoft Corp.

      154,435      4,520,313   

Symantec Corp.*

      179,485      3,036,886   
           
        7,557,199   
           

Total Information Technology

         32,978,108   
           

Materials (3.5%)

      

Chemicals (2.3%)

      

Dow Chemical Co.

      172,650      5,105,260   

E.I. du Pont de Nemours & Co.

      40,900      1,523,116   

PPG Industries, Inc.

      30,400      1,988,160   

Praxair, Inc.

      6,800    $ 564,400   
           
        9,180,936   
           

Containers & Packaging (0.4%)

      

Sealed Air Corp.

      79,800      1,682,184   
           

Metals & Mining (0.8%)

      

Freeport-McMoRan Copper & Gold, Inc.

      19,100      1,595,614   

United States Steel Corp.

      23,900      1,518,128   
           
        3,113,742   
           

Total Materials

         13,976,862   
           

Telecommunication Services (4.1%)

      

Diversified Telecommunication Services (3.4%)

      

Verizon Communications, Inc.

      434,250      13,470,435   
           

Wireless Telecommunication Services (0.7%)

      

Sprint Nextel Corp.*

      747,800      2,841,640   
           

Total Telecommunication Services

         16,312,075   
           

Utilities (3.7%)

      

Electric Utilities (2.4%)

      

Edison International

      80,295      2,743,680   

FPL Group, Inc.

      76,500      3,697,245   

NV Energy, Inc.

      251,715      3,103,646   
           
        9,544,571   
           

Multi-Utilities (0.8%)

      

Public Service Enterprise Group, Inc.

     56,060      1,654,891   

SCANA Corp.

      39,700      1,492,323   
           
        3,147,214   
           

Water Utilities (0.5%)

      

American Water Works Co., Inc.

      83,600      1,819,136   
           

Total Utilities

         14,510,921   
           

Total Common Stocks (98.2%)
(Cost $330,964,771)

         387,635,362   
           

CONVERTIBLE PREFERRED STOCK:

      

Materials (0.5%)

      

Metals & Mining (0.5%)

      

Freeport-McMoRan Copper & Gold, Inc.

      

6.750%

      17,370      2,014,399   
           

Total Convertible Preferred Stocks (0.5%)
(Cost $1,122,222)

         2,014,399   
           
     Principal
Amount		    Value
(Note 1)		  

SHORT-TERM INVESTMENT:

      

Government Securities (1.4%)

      

Federal Home Loan Bank

      

0.00%, 4/1/10 (o)(p)

      

(Amortized Cost $5,344,000)

    $ 5,344,000      5,344,000   
           

Total Investments (100.1%)

      

(Cost $337,430,993)

         394,993,761   

Other Assets Less Liabilities (-0.1%)

         (447,815 ) 
           

Net Assets (100%)

       $ 394,545,946   
           

 

See Notes to Portfolio of Investments.

330

EQ ADVISORS TRUST

EQ/JPMORGAN VALUE OPPORTUNITIES PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

* Non-income producing.

 

† Securities (totaling $2,202,800 or 0.6% of net assets) at fair value by management.

 

§ Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may only be resold to qualified institutional buyers. At March 31, 2010, the market value of these securities amounted to $2,202,800 or 0.6% of net assets. Securities denoted with “§” but without “b” have been determined to be liquid under the guidelines established by the Board of Trustees. To the extent any securities might provide a right to demand registration, such rights have not been relied upon when determining liquidity.

 

(b) Illiquid Security.

 

(o) Discount Note Security. Effective rate calculated as of March 31, 2010.

 

(p) Yield to maturity.

The following is a summary of the inputs used to value the Portfolio’s assets and liabilities carried at fair value as of March 31, 2010:

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, money market securities are valued using amortized cost, in accordance with rules under the Investment Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active market, such securities are reflected as Level 2.

Various inputs are used in determining the value of the Portfolio’s investments. These inputs are summarized in the three broad levels listed below:

 

Investment Type

    Level 1
Quoted prices in active
markets for identical
securities		    Level 2
Significant other
observable inputs
(including quoted prices
for similar securities,
interest rates,
prepayment speeds,
credit risk, etc.)		    Level 3
Significant unobservable
inputs (including the
Portfolio’s own
assumptions in
determining the fair
value of investments)		    Total

Assets:

            

Common Stocks

            

Consumer Discretionary

    $ 38,171,838    $ —      $ —      $ 38,171,838

Consumer Staples

      22,369,126      —        —        22,369,126

Energy

      65,036,165      —        —        65,036,165

Financials

      102,814,165      105,000      2,202,800      105,121,965

Health Care

      37,675,425      —        —        37,675,425

Industrials

      41,482,877      —        —        41,482,877

Information Technology

      32,978,108      —        —        32,978,108

Materials

      13,976,862      —        —        13,976,862

Telecommunication Services

      16,312,075      —        —        16,312,075

Utilities

      14,510,921      —        —        14,510,921

Convertible Preferred Stocks

            

Materials

      2,014,399      —        —        2,014,399

Short-Term Investments

      —        5,344,000      —        5,344,000
                           

Total Assets

    $ 387,341,961    $ 5,449,000    $ 2,202,800    $ 394,993,761
                           

Total Liabilities

    $ —      $ —      $ —      $ —  
                           

Total

    $ 387,341,961    $ 5,449,000    $ 2,202,800    $ 394,993,761
                           

 

See Notes to Portfolio of Investments.

331

EQ ADVISORS TRUST

EQ/JPMORGAN VALUE OPPORTUNITIES PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:

 

     Investments in
Securities-Financials

Balance as of 12/31/09

    $ 1,826,000

Total gains or losses (realized/unrealized) included in earnings

      —  

Purchases, sales, issuances, and settlements (net)

      376,800

Transfers into Level 3

      —  

Transfers out of Level 3

      —  
      

Balance as of 3/31/10

    $ 2,202,800
      

The amount of total gains or losses for the year included in earnings attributable to the change in unrealized gains or losses relating to assets and liabilities still held at period ending 3/31/10.

    $ —  

Investment security transactions for the three months ended March 31, 2010 were as follows:

 

Cost of Purchases:

   

Stocks and long-term corporate debt securities

    $ 61,046,376

Net Proceeds of Sales and Redemptions:

   

Stocks and long-term corporate debt securities

    $ 57,615,777

As of March 31, 2010, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investments for Federal income tax purposes was as follows:

 

Aggregate gross unrealized appreciation

    $ 58,072,288   

Aggregate gross unrealized depreciation

      (11,560,997 ) 
        

Net unrealized appreciation

    $ 46,511,291   
        

Federal income tax cost of investments

    $ 348,482,470   
        

The Portfolio has a net capital loss carryforward of $179,333,433 of which $80,429,321 expires in the year 2016, and $98,904,112 expires in the year 2017.

 

See Notes to Portfolio of Investments.

332

EQ ADVISORS TRUST

EQ/LARGE CAP CORE PLUS PORTFOLIO

PORTFOLIO OF INVESTMENTS

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

COMMON STOCKS:

      

Consumer Discretionary (9.2%)

      

Auto Components (1.0%)

      

Goodyear Tire & Rubber Co.*

    8,359    $ 105,658

Johnson Controls, Inc.

    192,777      6,359,713
         
        6,465,371
         

Automobiles (0.3%)

      

Ford Motor Co.*

    118,723      1,492,348

Harley-Davidson, Inc.

    8,541      239,746
         
        1,732,094
         

Distributors (0.0%)

      

Genuine Parts Co.

    5,614      237,135
         

Diversified Consumer Services (0.1%)

      

Apollo Group, Inc., Class A*

    4,353      266,795

DeVry, Inc.

    2,224      145,005

H&R Block, Inc.

    12,036      214,241
         
        626,041
         

Hotels, Restaurants & Leisure (0.9%)

      

Carnival Corp.

    15,482      601,940

Darden Restaurants, Inc.

    4,968      221,275

International Game Technology

    10,623      195,994

Marriott International, Inc., Class A

    8,631      272,049

McDonald’s Corp.

    37,873      2,526,887

Starbucks Corp.*

    26,195      635,753

Starwood Hotels & Resorts Worldwide, Inc.

    6,827      318,411

Wyndham Worldwide Corp.

    5,944      152,939

Wynn Resorts Ltd.

    2,248      170,466

Yum! Brands, Inc.

    16,621      637,083
         
        5,732,797
         

Household Durables (0.2%)

      

D.R. Horton, Inc.

    10,280      129,528

Fortune Brands, Inc.

    5,407      262,294

Harman International Industries, Inc.*

    2,508      117,324

Leggett & Platt, Inc.

    5,133      111,078

Lennar Corp., Class A

    5,857      100,799

Newell Rubbermaid, Inc.

    9,185      139,612

Pulte Group, Inc.*

    11,200      126,000

Stanley Black & Decker, Inc.

    5,617      322,472

Whirlpool Corp.

    2,643      230,602
         
        1,539,709
         

Internet & Catalog Retail (0.4%)

      

Amazon.com, Inc.*

    12,040      1,634,189

Expedia, Inc.

    7,255      181,085

priceline.com, Inc.*

    1,600      408,000
         
        2,223,274
         

Leisure Equipment & Products (0.1%)

      

Eastman Kodak Co.*

    8,068      46,714

Hasbro, Inc.

    4,327      165,638

Mattel, Inc.

    12,733      289,548
         
        501,900
         

Media (2.9%)

      

CBS Corp., Class B

    23,626      329,346

Comcast Corp., Class A

    100,078      1,883,468

DIRECTV, Class A*

    32,911      1,112,721

Discovery Communications, Inc., Class A*

    10,200      344,658

Gannett Co., Inc.

    8,951      147,871

Interpublic Group of Cos., Inc.*

    17,536      145,900

McGraw-Hill Cos., Inc.

    11,091      395,394

Meredith Corp.

    1,508      51,890

New York Times Co., Class A*

    3,022      33,635

News Corp., Class A

    78,944    $ 1,137,583

Omnicom Group, Inc.

    10,928      424,116

Scripps Networks Interactive, Inc., Class A

    3,352      148,661

Time Warner Cable, Inc.

    12,177      649,156

Time Warner, Inc.

    40,805      1,275,972

Viacom, Inc., Class B*

    225,375      7,748,393

Walt Disney Co.

    68,263      2,383,061

Washington Post Co., Class B

    236      104,826
         
        18,316,651
         

Multiline Retail (0.5%)

      

Big Lots, Inc.*

    3,177      115,706

Family Dollar Stores, Inc.

    4,851      177,595

J.C. Penney Co., Inc.

    8,323      267,751

Kohl’s Corp.*

    10,938      599,184

Macy’s, Inc.

    14,803      322,261

Nordstrom, Inc.

    5,524      225,655

Sears Holdings Corp.*

    1,644      178,259

Target Corp.

    26,463      1,391,954
         
        3,278,365
         

Specialty Retail (2.5%)

      

Abercrombie & Fitch Co., Class A

    3,337      152,301

AutoNation, Inc.*

    3,798      68,668

AutoZone, Inc.*

    1,071      185,379

Bed Bath & Beyond, Inc.*

    9,241      404,386

Best Buy Co., Inc.

    12,071      513,500

GameStop Corp., Class A*

    5,957      130,518

Gap, Inc.

    16,343      377,687

Home Depot, Inc.

    59,852      1,936,212

Limited Brands, Inc.

    9,360      230,443

Lowe’s Cos., Inc.

    385,957      9,355,598

Office Depot, Inc.*

    10,971      87,549

O’Reilly Automotive, Inc.*

    4,674      194,953

RadioShack Corp.

    4,319      97,739

Ross Stores, Inc.

    4,200      224,574

Sherwin-Williams Co.

    3,278      221,855

Staples, Inc.

    25,619      599,228

Tiffany & Co.

    4,387      208,339

TJX Cos., Inc.

    14,724      626,064

Urban Outfitters, Inc.*

    4,800      182,544
         
        15,797,537
         

Textiles, Apparel & Luxury Goods (0.3%)

      

Coach, Inc.

    11,078      437,802

NIKE, Inc., Class B

    13,740      1,009,890

Polo Ralph Lauren Corp.

    1,984      168,719

VF Corp.

    3,091      247,744
         
        1,864,155
         

Total Consumer Discretionary

         58,315,029
         

Consumer Staples (8.3%)

      

Beverages (3.2%)

      

Brown-Forman Corp., Class B

    4,057      241,189

Coca-Cola Co.

    81,107      4,460,885

Coca-Cola Enterprises, Inc.

    11,619      321,381

Constellation Brands, Inc., Class A*

    7,063      116,116

Dr. Pepper Snapple Group, Inc.

    8,932      314,138

Molson Coors Brewing Co., Class B

    5,355      225,231

PepsiCo, Inc.

    219,766      14,539,719
         
        20,218,659
         

Food & Staples Retailing (1.6%)

      

Costco Wholesale Corp.

    15,322      914,877

CVS Caremark Corp.

    49,404      1,806,210

Kroger Co.

    22,754      492,852

 

See Notes to Portfolio of Investments.

333

EQ ADVISORS TRUST

EQ/LARGE CAP CORE PLUS PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

 

     Number of
Shares		    Value
(Note 1)

Safeway, Inc.

    14,280    $ 355,001

SUPERVALU, Inc.

    6,949      115,909

Sysco Corp.

    20,702      610,709

Walgreen Co.

    34,550      1,281,460

Wal-Mart Stores, Inc.

    75,094      4,175,226

Whole Foods Market, Inc.*

    6,302      227,817
         
        9,980,061
         

Food Products (1.1%)

      

Archer-Daniels-Midland Co.

    22,884      661,348

Campbell Soup Co.

    6,575      232,426

ConAgra Foods, Inc.

    15,577      390,515

Dean Foods Co.*

    6,674      104,715

General Mills, Inc.

    11,585      820,102

H.J. Heinz Co.

    11,112      506,818

Hershey Co.

    5,819      249,111

Hormel Foods Corp.

    2,450      102,925

J.M. Smucker Co.

    4,172      251,405

Kellogg Co.

    8,853      473,016

Kraft Foods, Inc., Class A

    61,119      1,848,239

McCormick & Co., Inc. (Non - Voting)

    4,592      176,149

Mead Johnson Nutrition Co., Class A

    6,848      356,302

Sara Lee Corp.

    24,394      339,808

Tyson Foods, Inc., Class A

    11,173      213,963
         
        6,726,842
         

Household Products (1.4%)

      

Clorox Co.

    4,851      311,143

Colgate-Palmolive Co.

    17,369      1,480,881

Kimberly-Clark Corp.

    14,683      923,267

Procter & Gamble Co.

    102,255      6,469,674
         
        9,184,965
         

Personal Products (0.1%)

      

Avon Products, Inc.

    15,010      508,389

Estee Lauder Cos., Inc., Class A

    4,298      278,811
         
        787,200
         

Tobacco (0.9%)

      

Altria Group, Inc.

    73,146      1,500,956

Lorillard, Inc.

    5,494      413,368

Philip Morris International, Inc.

    66,168      3,451,323

Reynolds American, Inc.

    5,922      319,670
         
        5,685,317
         

Total Consumer Staples

         52,583,044
         

Energy (10.7%)

      

Energy Equipment & Services (2.1%)

      

Baker Hughes, Inc.

    10,777      504,795

BJ Services Co.

    10,407      222,710

Cameron International Corp.*

    8,648      370,653

Diamond Offshore Drilling, Inc.

    2,562      227,531

FMC Technologies, Inc.*

    4,538      293,291

Halliburton Co.

    241,743      7,283,717

Helmerich & Payne, Inc.

    3,800      144,704

Nabors Industries Ltd.*

    10,207      200,363

National Oilwell Varco, Inc.

    14,575      591,454

Rowan Cos., Inc.*

    4,444      129,365

Schlumberger Ltd.

    42,431      2,692,671

Smith International, Inc.

    8,488      363,456
         
        13,024,710
         

Oil, Gas & Consumable Fuels (8.6%)

      

Anadarko Petroleum Corp.

    17,279      1,258,429

Apache Corp.

    11,718      1,189,377

Cabot Oil & Gas Corp.

    3,577      131,633

Chesapeake Energy Corp.

    23,665      559,440

Chevron Corp.

    70,684      5,359,968

ConocoPhillips

    194,486      9,951,849

Denbury Resources, Inc.*

    14,104    $ 237,934

Devon Energy Corp.

    15,632      1,007,170

El Paso Corp.

    26,048      282,360

EOG Resources, Inc.

    8,919      828,932

Exxon Mobil Corp.

    166,546      11,155,251

Hess Corp.

    10,231      639,949

Marathon Oil Corp.

    248,698      7,868,805

Massey Energy Co.

    3,606      188,558

Murphy Oil Corp.

    6,630      372,540

Noble Energy, Inc.

    6,023      439,679

Occidental Petroleum Corp.

    109,921      9,292,721

Peabody Energy Corp.

    10,063      459,879

Pioneer Natural Resources Co.

    4,405      248,090

Range Resources Corp.

    5,533      259,332

Southwestern Energy Co.*

    12,451      507,005

Spectra Energy Corp.

    22,929      516,590

Sunoco, Inc.

    4,421      131,348

Tesoro Corp.

    5,311      73,823

Valero Energy Corp.

    19,593      385,982

Williams Cos., Inc.

    20,590      475,629

XTO Energy, Inc.

    20,477      966,105
         
        54,788,378
         

Total Energy

         67,813,088
         

Financials (15.6%)

      

Capital Markets (1.6%)

      

Ameriprise Financial, Inc.

    8,988      407,696

Bank of New York Mellon Corp.

    42,479      1,311,751

Charles Schwab Corp.

    33,688      629,629

E*TRADE Financial Corp.*

    56,203      92,735

Federated Investors, Inc., Class B

    3,379      89,138

Franklin Resources, Inc.

    5,200      576,680

Goldman Sachs Group, Inc.

    18,610      3,175,424

Invesco Ltd.

    15,143      331,783

Janus Capital Group, Inc.

    6,564      93,800

Legg Mason, Inc.

    5,342      153,155

Morgan Stanley

    48,715      1,426,862

Northern Trust Corp.

    8,518      470,705

State Street Corp.

    17,401      785,481

T. Rowe Price Group, Inc.

    9,155      502,884
         
        10,047,723
         

Commercial Banks (5.2%)

      

BB&T Corp.

    190,237      6,161,776

Comerica, Inc.

    6,335      240,983

Fifth Third Bancorp

    28,054      381,254

First Horizon National Corp.*

    8,264      116,104

Huntington Bancshares, Inc./Ohio

    27,165      145,876

KeyCorp

    32,356      250,759

M&T Bank Corp.

    2,853      226,471

Marshall & Ilsley Corp.

    18,501      148,933

PNC Financial Services Group, Inc.

    18,245      1,089,227

Regions Financial Corp.

    40,301      316,363

SunTrust Banks, Inc.

    17,748      475,469

U.S. Bancorp

    367,672      9,515,351

Wells Fargo & Co.

    454,577      14,146,436

Zions Bancorp

    4,806      104,867
         
        33,319,869
         

Consumer Finance (0.5%)

      

American Express Co.

    42,116      1,737,706

Capital One Financial Corp.

    16,169      669,558

Discover Financial Services

    18,842      280,746

SLM Corp.*

    17,878      223,833
         
        2,911,843
         

 

See Notes to Portfolio of Investments.

334

EQ ADVISORS TRUST

EQ/LARGE CAP CORE PLUS PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Diversified Financial Services (3.8%)

      

Bank of America Corp.

    353,028    $ 6,301,550

Citigroup, Inc.*

    693,234      2,807,598

CME Group, Inc.

    2,335      738,117

IntercontinentalExchange, Inc.*

    2,592      290,770

JPMorgan Chase & Co.

    289,581      12,958,750

Leucadia National Corp.*

    6,436      159,677

Moody’s Corp.

    6,547      194,773

NASDAQ OMX Group, Inc.*

    4,874      102,939

NYSE Euronext

    9,541      282,509
         
        23,836,683
         

Insurance (3.7%)

      

Aflac, Inc.

    106,367      5,774,664

Allstate Corp.

    18,754      605,942

American International Group, Inc.*

    4,966      169,539

Aon Corp.

    111,350      4,755,759

Assurant, Inc.

    4,354      149,691

Berkshire Hathaway, Inc., Class B*

    58,287      4,736,984

Chubb Corp.

    11,587      600,786

Cincinnati Financial Corp.

    5,712      165,077

Genworth Financial, Inc., Class A*

    17,777      326,030

Hartford Financial Services Group, Inc.

    13,308      378,213

Lincoln National Corp.

    10,795      331,407

Loews Corp.

    12,467      464,770

Marsh & McLennan Cos., Inc.

    18,755      457,997

MetLife, Inc.

    28,971      1,255,603

Principal Financial Group, Inc.

    10,928      319,207

Progressive Corp.

    23,239      443,633

Prudential Financial, Inc.

    16,157      977,498

Torchmark Corp.

    3,165      169,359

Travelers Cos., Inc.

    18,077      975,073

Unum Group

    11,746      290,948

XL Capital Ltd., Class A

    11,754      222,151
         
        23,570,331
         

Real Estate Investment Trusts (REITs) (0.7%)

      

Apartment Investment & Management Co. (REIT), Class A

    3,637      66,957

AvalonBay Communities, Inc. (REIT)

    2,911      251,365

Boston Properties, Inc. (REIT)

    4,832      364,526

Equity Residential (REIT)

    9,831      384,884

HCP, Inc. (REIT)

    10,061      332,013

Health Care REIT, Inc. (REIT)

    4,156      187,976

Host Hotels & Resorts, Inc. (REIT)

    22,457      328,995

Kimco Realty Corp. (REIT)

    14,052      219,773

Plum Creek Timber Co., Inc. (REIT)

    5,807      225,950

ProLogis (REIT)

    16,635      219,582

Public Storage (REIT)

    4,945      454,891

Simon Property Group, Inc. (REIT)

   10,050      843,195

Ventas, Inc. (REIT)

    5,751      273,057

Vornado Realty Trust (REIT)

    5,381      407,342
         
        4,560,506
         

Real Estate Management & Development (0.0%)

      

CB Richard Ellis Group, Inc., Class A*

    8,687      137,689
         

Thrifts & Mortgage Finance (0.1%)

      

Hudson City Bancorp, Inc.

    16,139      228,529

People’s United Financial, Inc.

    12,383      193,670
         
        422,199
         

Total Financials

         98,806,843
         

Health Care (11.9%)

      

Biotechnology (0.9%)

      

Amgen, Inc.*

    34,509    $ 2,062,258

Biogen Idec, Inc.*

    9,564      548,591

Celgene Corp.*

    16,322      1,011,311

Cephalon, Inc.*

    2,770      187,751

Genzyme Corp.*

    9,462      490,415

Gilead Sciences, Inc.*

    31,790      1,445,809
         
        5,746,135
         

Health Care Equipment & Supplies (1.9%)

      

Baxter International, Inc.

    21,197      1,233,665

Becton, Dickinson and Co.

    8,308      654,089

Boston Scientific Corp.*

    53,131      383,606

C.R. Bard, Inc.

    3,396      294,162

CareFusion Corp.*

    6,538      172,799

Covidien plc

    101,995      5,128,309

DENTSPLY International, Inc.

    5,099      177,700

Hospira, Inc.*

    5,817      329,533

Intuitive Surgical, Inc.*

    1,388      483,204

Medtronic, Inc.

    38,922      1,752,658

St. Jude Medical, Inc.*

    11,512      472,568

Stryker Corp.

    9,824      562,129

Varian Medical Systems, Inc.*

    4,674      258,612

Zimmer Holdings, Inc.*

    7,678      454,538
         
        12,357,572
         

Health Care Providers & Services (1.3%)

      

Aetna, Inc.

    15,192      533,391

AmerisourceBergen Corp.

    9,966      288,217

Cardinal Health, Inc.

    12,674      456,644

CIGNA Corp.

    9,540      348,973

Coventry Health Care, Inc.*

    5,221      129,063

DaVita, Inc.*

    3,793      240,476

Express Scripts, Inc.*

    9,553      972,113

Humana, Inc.*

    6,150      287,636

Laboratory Corp. of America Holdings*

    3,835      290,348

McKesson Corp.

    9,313      612,050

Medco Health Solutions, Inc.*

    16,662      1,075,699

Patterson Cos., Inc.

    3,160      98,118

Quest Diagnostics, Inc.

    5,210      303,691

Tenet Healthcare Corp.*

    15,228      87,104

UnitedHealth Group, Inc.*

    40,750      1,331,303

WellPoint, Inc.*

    15,642      1,007,032
         
        8,061,858
         

Life Sciences Tools & Services (0.3%)

      

Life Technologies Corp.*

    6,183      323,185

Millipore Corp.*

    1,968      207,821

PerkinElmer, Inc.

    4,095      97,871

Thermo Fisher Scientific, Inc.*

    14,191      729,985

Waters Corp.*

    3,350      226,259
         
        1,585,121
         

Pharmaceuticals (7.5%)

      

Abbott Laboratories, Inc.

    54,628      2,877,803

Allergan, Inc.

    10,714      699,838

Bristol-Myers Squibb Co.

    60,318      1,610,491

Eli Lilly and Co.

    35,572      1,288,418

Forest Laboratories, Inc.*

    10,706      335,740

Johnson & Johnson

    96,886      6,316,967

King Pharmaceuticals, Inc.*

    9,574      112,590

Merck & Co., Inc.

    329,272      12,298,309

Mylan, Inc.*

    11,200      254,352

Pfizer, Inc.

    704,518      12,082,484

Sanofi-Aventis S.A. (ADR)

    253,100      9,455,816

 

See Notes to Portfolio of Investments.

335

EQ ADVISORS TRUST

EQ/LARGE CAP CORE PLUS PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Watson Pharmaceuticals, Inc.*

    3,730    $ 155,802
         
        47,488,610
         

Total Health Care

         75,239,296
         

Industrials (10.4%)

      

Aerospace & Defense (2.9%)

      

Boeing Co.

    26,644      1,934,621

General Dynamics Corp.

    13,590      1,049,148

Goodrich Corp.

    4,512      318,186

Honeywell International, Inc.

    189,272      8,568,343

ITT Corp.

    6,430      344,712

L-3 Communications Holdings, Inc.

    4,207      385,487

Lockheed Martin Corp.

    11,116      925,074

Northrop Grumman Corp.

    10,703      701,796

Precision Castparts Corp.

    4,881      618,472

Raytheon Co.

    13,382      764,380

Rockwell Collins, Inc.

    5,547      347,187

United Technologies Corp.

    33,000      2,429,130
         
        18,386,536
         

Air Freight & Logistics (0.6%)

      

C.H. Robinson Worldwide, Inc.

    5,896      329,292

Expeditors International of Washington, Inc.

    7,447      274,943

FedEx Corp.

    10,897      1,017,780

United Parcel Service, Inc., Class B

    34,981      2,253,126
         
        3,875,141
         

Airlines (0.0%)

      

Southwest Airlines Co.

    26,872      355,248
         

Building Products (0.0%)

      

Masco Corp.

    12,367      191,936
         

Commercial Services & Supplies (0.3%)

      

Avery Dennison Corp.

    4,155      151,283

Cintas Corp.

    4,720      132,585

Iron Mountain, Inc.

    6,672      182,813

Pitney Bowes, Inc.

    7,257      177,434

R.R. Donnelley & Sons Co.

    6,756      144,241

Republic Services, Inc.

    11,472      332,917

Stericycle, Inc.*

    3,206      174,727

Waste Management, Inc.

    16,965      584,105
         
        1,880,105
         

Construction & Engineering (0.1%)

      

Fluor Corp.

    6,436      299,338

Jacobs Engineering Group, Inc.*

    4,474      202,180

Quanta Services, Inc.*

    7,099      136,017
         
        637,535
         

Electrical Equipment (0.3%)

      

Emerson Electric Co.

    26,487      1,333,356

First Solar, Inc.*

    1,700      208,505

Rockwell Automation, Inc.

    5,040      284,054

Roper Industries, Inc.

    3,200      185,088
         
        2,011,003
         

Industrial Conglomerates (1.8%)

      

3M Co.

    25,031      2,091,840

General Electric Co.

    375,534      6,834,719

Textron, Inc.

    114,674      2,434,529
         
        11,361,088
         

Machinery (2.7%)

      

Caterpillar, Inc.

    135,163      8,494,995

Cummins, Inc.

    71,131      4,406,565

Danaher Corp.

    9,195      734,772

Deere & Co.

    14,859      883,516

Dover Corp.

    6,529      305,231

Eaton Corp.

    5,778    $ 437,799

Flowserve Corp.

    2,019      222,635

Illinois Tool Works, Inc.

    13,607      644,428

PACCAR, Inc.

    12,695      550,201

Pall Corp.

    4,212      170,544

Parker Hannifin Corp.

    5,911      382,678

Snap-On, Inc.

    2,015      87,330
         
        17,320,694
         

Professional Services (0.1%)

      

Dun & Bradstreet Corp.

    1,700      126,514

Equifax, Inc.

    4,511      161,494

Robert Half International, Inc.

    5,246      159,636
         
        447,644
         

Road & Rail (1.5%)

      

CSX Corp.

    143,814      7,320,133

Norfolk Southern Corp.

    12,948      723,664

Ryder System, Inc.

    1,781      69,031

Union Pacific Corp.

    17,911      1,312,876
         
        9,425,704
         

Trading Companies & Distributors (0.1%)

      

Fastenal Co.

    4,543      218,019

W.W. Grainger, Inc.

    2,168      234,404
         
        452,423
         

Total Industrials

         66,345,057
         

Information Technology (15.1%)

      

Communications Equipment (3.1%)

      

Cisco Systems, Inc.*

    391,071      10,179,578

Harris Corp.

    4,493      213,373

JDS Uniphase Corp.*

    8,807      110,352

Juniper Networks, Inc.*

    18,612      571,016

Motorola, Inc.*

    82,438      578,715

QUALCOMM, Inc.

    185,161      7,774,910

Tellabs, Inc.

    13,443      101,763
         
        19,529,707
         

Computers & Peripherals (4.3%)

      

Apple, Inc.*

    31,920      7,498,966

Dell, Inc.*

    60,469      907,640

EMC Corp.*

    72,126      1,301,153

Hewlett-Packard Co.

    192,495      10,231,109

International Business Machines Corp.

    45,734      5,865,385

Lexmark International, Inc., Class A*

    2,463      88,865

NetApp, Inc.*

    11,962      389,483

QLogic Corp.*

    3,888      78,926

SanDisk Corp.*

    7,831      271,188

Teradata Corp.*

    6,263      180,938

Western Digital Corp.*

    8,110      316,209
         
        27,129,862
         

Electronic Equipment, Instruments & Components (0.3%)

      

Agilent Technologies, Inc.*

    11,861      407,900

Amphenol Corp., Class A

    6,345      267,696

Corning, Inc.

    55,093      1,113,429

FLIR Systems, Inc.*

    5,302      149,516

Jabil Circuit, Inc.

    6,732      108,991

Molex, Inc.

    5,308      110,725
         
        2,158,257
         

Internet Software & Services (1.1%)

      

Akamai Technologies, Inc.*

    6,028      189,339

eBay, Inc.*

    39,275      1,058,461

Google, Inc., Class A*

    8,505      4,822,420

Monster Worldwide, Inc.*

    4,339      72,071

VeriSign, Inc.*

    6,971      181,316

Yahoo!, Inc.*

    41,756      690,227
         
        7,013,834
         

 

See Notes to Portfolio of Investments.

336

EQ ADVISORS TRUST

EQ/LARGE CAP CORE PLUS PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

IT Services (1.3%)

      

Accenture plc, Class A

    69,400    $ 2,911,330

Automatic Data Processing, Inc.

    17,628      783,917

Cognizant Technology Solutions Corp., Class A*

    10,356      527,949

Computer Sciences Corp.*

    5,444      296,643

Fidelity National Information Services, Inc.

    11,379      266,724

Fiserv, Inc.*

    5,230      265,475

Mastercard, Inc., Class A

    3,347      850,138

Paychex, Inc.

    11,342      348,199

SAIC, Inc.*

    10,300      182,310

Total System Services, Inc.

    7,313      114,522

Visa, Inc., Class A

    15,700      1,429,171

Western Union Co.

    24,632      417,759
         
        8,394,137
         

Office Electronics (0.1%)

      

Xerox Corp.

    48,806      475,858
         

Semiconductors & Semiconductor Equipment (2.5%)

      

Advanced Micro Devices, Inc.*

    18,489      171,393

Altera Corp.

    10,132      246,309

Analog Devices, Inc.

    10,381      299,180

Applied Materials, Inc.

    47,069      634,490

Broadcom Corp., Class A

    15,171      503,374

Intel Corp.

    194,409      4,327,544

KLA-Tencor Corp.

    6,012      185,891

Linear Technology Corp.

    8,061      227,965

LSI Corp.*

    23,859      146,017

MEMC Electronic Materials, Inc.*

    7,915      121,337

Microchip Technology, Inc.

    6,530      183,885

Micron Technology, Inc.*

    28,780      299,024

National Semiconductor Corp.

    8,887      128,417

Novellus Systems, Inc.*

    3,418      85,450

NVIDIA Corp.*

    19,057      331,211

Teradyne, Inc.*

    7,050      78,749

Texas Instruments, Inc.

    327,230      8,007,318

Xilinx, Inc.

    9,636      245,718
         
        16,223,272
         

Software (2.4%)

      

Adobe Systems, Inc.*

    18,641      659,332

Autodesk, Inc.*

    8,058      237,066

BMC Software, Inc.*

    6,403      243,314

CA, Inc.

    14,001      328,603

Citrix Systems, Inc.*

    6,336      300,770

Compuware Corp.*

    8,683      72,937

Electronic Arts, Inc.*

    11,429      213,265

Intuit, Inc.*

    10,906      374,512

McAfee, Inc.*

    5,550      222,722

Microsoft Corp.

    268,592      7,861,688

Novell, Inc.*

    10,385      62,206

Oracle Corp.

    137,559      3,533,891

Red Hat, Inc.*

    6,896      201,846

Salesforce.com, Inc.*

    3,719      276,880

Symantec Corp.*

    28,939      489,648
         
        15,078,680
         

Total Information Technology

         96,003,607
         

Materials (3.3%)

      

Chemicals (1.1%)

      

Air Products & Chemicals, Inc.

    7,492      554,034

Airgas, Inc.

    2,899      184,434

CF Industries Holdings, Inc.

    1,744      159,018

Dow Chemical Co.

    40,208      1,188,951

E.I. du Pont de Nemours & Co.

    31,795    $ 1,184,046

Eastman Chemical Co.

    2,506      159,582

Ecolab, Inc.

    8,200      360,390

FMC Corp.

    2,584      156,435

International Flavors & Fragrances, Inc.

    2,763      131,712

Monsanto Co.

    19,090      1,363,408

PPG Industries, Inc.

    5,878      384,421

Praxair, Inc.

    10,709      888,847

Sigma-Aldrich Corp.

    4,521      242,597
         
        6,957,875
         

Construction Materials (0.0%)

      

Vulcan Materials Co.

    4,443      209,887
         

Containers & Packaging (0.1%)

      

Ball Corp.

    3,250      173,485

Bemis Co., Inc.

    3,789      108,820

Owens-Illinois, Inc.*

    6,796      241,530

Pactiv Corp.*

    4,964      124,993

Sealed Air Corp.

    5,851      123,339
         
        772,167
         

Metals & Mining (1.9%)

      

AK Steel Holding Corp.

    3,929      89,817

Alcoa, Inc.

    34,978      498,087

Allegheny Technologies, Inc.

    3,570      192,744

Cliffs Natural Resources, Inc.

    5,200      368,940

Freeport-McMoRan Copper & Gold, Inc.

    15,570      1,300,718

Newmont Mining Corp.

    167,202      8,515,598

Nucor Corp.

    11,062      501,994

Titanium Metals Corp.*

    3,989      66,177

United States Steel Corp.

    5,518      350,503
         
        11,884,578
         

Paper & Forest Products (0.2%)

      

International Paper Co.

    15,442      380,028

MeadWestvaco Corp.

    6,507      166,254

Weyerhaeuser Co.

    7,260      328,660
         
        874,942
         

Total Materials

         20,699,449
         

Telecommunication Services (2.5%)

      

Diversified Telecommunication Services (1.5%)

      

AT&T, Inc.

    207,714      5,367,330

CenturyTel, Inc.

    10,570      374,812

Frontier Communications Corp.

    10,968      81,602

Qwest Communications International, Inc.

    50,539      263,814

Verizon Communications, Inc.

    99,756      3,094,431

Windstream Corp.

    15,581      169,677
         
        9,351,666
         

Wireless Telecommunication Services (1.0%)

      

American Tower Corp., Class A*

    13,886      591,682

MetroPCS Communications, Inc.*

    9,211      65,214

Sprint Nextel Corp.*

    107,692      409,229

Vodafone Group plc (ADR)

    228,968      5,332,665
         
        6,398,790
         

Total Telecommunication Services

         15,750,456
         

Utilities (2.0%)

      

Electric Utilities (1.1%)

      

Allegheny Energy, Inc.

    6,262      144,026

American Electric Power Co., Inc.

    17,560      600,201

Duke Energy Corp.

    46,444      757,966

Edison International

    12,303      420,394

 

See Notes to Portfolio of Investments.

337

EQ ADVISORS TRUST

EQ/LARGE CAP CORE PLUS PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Entergy Corp.

      7,010    $ 570,263

Exelon Corp.

      23,756      1,040,750

FirstEnergy Corp.

      10,708      418,576

FPL Group, Inc.

      15,158      732,586

Northeast Utilities

      6,223      172,004

Pepco Holdings, Inc.

      7,316      125,469

Pinnacle West Capital Corp.

      3,748      141,412

PPL Corp.

      13,242      366,936

Progress Energy, Inc.

      10,022      394,466

Southern Co.

      28,576      947,580
         
        6,832,629
         
Gas Utilities (0.1%)      

EQT Corp.

      4,830      198,030

Nicor, Inc.

      1,369      57,389

ONEOK, Inc.

      3,800      173,470

Questar Corp.

      6,292      271,814
         
        700,703
         
Independent Power Producers & Energy Traders (0.1%)      

AES Corp.*

      25,221      277,431

Constellation Energy Group, Inc.

      7,014      246,262
         
        523,693
         
Multi-Utilities (0.7%)      

Ameren Corp.

      7,800      203,424

CenterPoint Energy, Inc.

      13,083      187,872

CMS Energy Corp.

      8,404      129,926

Consolidated Edison, Inc.

      9,673      430,835

Dominion Resources, Inc.

      20,801      855,129

DTE Energy Co.

      6,021      268,537

Integrys Energy Group, Inc.

      2,691      127,500

NiSource, Inc.

      10,182      160,876

PG&E Corp.

      13,194      559,689

Public Service Enterprise Group, Inc.

      18,235      538,297

SCANA Corp.

      4,202      157,953

Sempra Energy

      8,727      435,477

TECO Energy, Inc.

      7,507      119,286

Wisconsin Energy Corp.

      4,126      203,866

Xcel Energy, Inc.

      16,706      354,167
         
        4,732,834
         

Total Utilities

         12,789,859
         

Total Common Stocks (89.0%)
(Cost $414,457,897)

         564,345,728
         

INVESTMENT COMPANIES:

      
Exchange Traded Funds (ETFs)(9.6%)      

iShares Morningstar Large Core Index Fund

      29,247      1,962,766

iShares Morningstar Large Growth Index Fund

      73,798      4,446,330

iShares Morningstar Large Value Index Fund

      70,263      3,942,457

iShares NYSE 100 Index Fund

      5,536      317,268

iShares Russell 1000 Growth Index Fund

      96,797      5,028,604

iShares Russell 1000 Index Fund

      81,502      5,266,659

iShares Russell 1000 Value Index Fund

      147,525      9,009,352

iShares S&P 100 Index Fund

      94,215      5,048,040

iShares S&P 500 Growth Index Fund

      42,448      2,543,484

iShares S&P 500 Index Fund

      143,555      16,844,744

iShares S&P 500 Value Index Fund

      104,846    $ 5,919,605
         

Total Investment Companies (9.6%)
(Cost $46,655,804)

         60,329,309
         
     Principal
Amount		    Value
(Note 1)

SHORT-TERM INVESTMENT:

      

Time Deposit (1.3%)

      

JPMorgan Chase Nassau

      

0.000%, 4/1/10

      

(Amortized Cost $8,539,685)

    $ 8,539,685      8,539,685
         

Total Investments (99.9%)
(Cost/Amortized Cost $469,653,386)

         633,214,722

Other Assets Less Liabilities (0.1%)

         885,280
         

Net Assets (100%)

       $ 634,100,002
         

 

* Non-income producing.

Glossary:

ADR — American Depositary Receipt

 

See Notes to Portfolio of Investments.

338

EQ ADVISORS TRUST

EQ/LARGE CAP CORE PLUS PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

At March 31, 2010, the Portfolio had the following futures contracts open: (Note 1)

 

Purchase

    Number of
Contracts		    Expiration
Date		    Original
Value		    Value at
3/31/2010		    Unrealized
Appreciation/
(Depreciation)

S&P 500 E-Mini Index

    90    June-10    $ 5,167,232    $ 5,243,400    $ 76,168
                  

The following is a summary of the inputs used to value the Portfolio’s assets and liabilities carried at fair value as of March 31, 2010:

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, money market securities are valued using amortized cost, in accordance with rules under the Investment Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active market, such securities are reflected as Level 2.

Various inputs are used in determining the value of the Portfolio’s investments. These inputs are summarized in the three broad levels listed below:

 

Investment Type

    Level 1
Quoted prices in active
markets for identical
securities		    Level 2
Significant other
observable inputs
(including quoted prices
for similar securities,
interest rates,
prepayment speeds,
credit risk, etc.)		    Level 3
Significant unobservable
inputs (including the
Portfolio’s own
assumptions in
determining the fair
value of investments)		    Total

Assets:

            

Common Stocks

            

Consumer Discretionary

    $ 58,315,029    $ —      $ —      $ 58,315,029

Consumer Staples

      52,583,044      —        —        52,583,044

Energy

      67,813,088      —        —        67,813,088

Financials

      98,806,843      —        —        98,806,843

Health Care

      75,239,296      —        —        75,239,296

Industrials

      66,345,057      —        —        66,345,057

Information Technology

      96,003,607      —        —        96,003,607

Materials

      20,699,449      —        —        20,699,449

Telecommunication Services

      15,750,456      —        —        15,750,456

Utilities

      12,789,859      —        —        12,789,859

Futures

      76,168      —        —        76,168

Investment Companies

            

Exchange Traded Funds (ETFs)

      60,329,309      —        —        60,329,309

Short-Term Investments

      —        8,539,685      —        8,539,685
                           

Total Assets

    $ 624,751,205    $ 8,539,685    $ —      $ 633,290,890
                           

Total Liabilities

    $ —      $ —      $ —      $ —  
                           

Total

    $ 624,751,205    $ 8,539,685    $ —      $ 633,290,890
                           

Investment security transactions for the three months ended March 31, 2010 were as follows:

 

Cost of Purchases:

   

Stocks and long-term corporate debt securities

    $ 39,382,869

Net Proceeds of Sales and Redemptions:

   

Stocks and long-term corporate debt securities

    $ 39.159.296

 

See Notes to Portfolio of Investments.

339

EQ ADVISORS TRUST

EQ/LARGE CAP CORE PLUS PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

As of March 31, 2010, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investments for Federal income tax purposes was as follows:

 

Aggregate gross unrealized appreciation

    $ 158,378,796   

Aggregate gross unrealized depreciation

      (1,137,029 ) 
        

Net unrealized appreciation

    $ 157,241,767   
        

Federal income tax cost of investments

    $ 475,972,955   
        

The Portfolio has a net capital loss carryforward of $23,562,332 of which $11,388,996 expires in the year 2016, and $12,173,336 expires in the year 2017.

 

See Notes to Portfolio of Investments.

340

EQ ADVISORS TRUST

EQ/LARGE CAP GROWTH INDEX PORTFOLIO

PORTFOLIO OF INVESTMENTS

March 31, 2010 (Unaudited)

 

 

     Number of
Shares		    Value
(Note 1)

COMMON STOCKS:

      

Consumer Discretionary (10.8%)

      
Auto Components (0.4%)      

BorgWarner, Inc.*

    21,854    $ 834,386

Federal Mogul Corp.*

    1,190      21,848

Gentex Corp.

    27,786      539,604

Goodyear Tire & Rubber Co.*

    48,808      616,933

Johnson Controls, Inc.

    74,620      2,461,714

TRW Automotive Holdings Corp.*

    2,812      80,367
         
        4,554,852
         
Automobiles (0.0%)      

Thor Industries, Inc.

    3,686      111,354
         
Distributors (0.0%)      

LKQ Corp.*

    28,327      575,038
         
Diversified Consumer Services (0.5%)      

Apollo Group, Inc., Class A*

    26,787      1,641,775

Brink’s Home Security Holdings, Inc.*

    9,201      391,503

Career Education Corp.*

    12,845      406,416

DeVry, Inc.

    12,612      822,302

Education Management Corp.*

    2,900      63,510

H&R Block, Inc.

    68,640      1,221,792

Hillenbrand, Inc.

    4,767      104,826

ITT Educational Services, Inc.*

    7,804      877,794

Strayer Education, Inc.

    2,912      709,130

Weight Watchers International, Inc.

    624      15,931
         
        6,254,979
         

Hotels, Restaurants & Leisure (2.7%)

      

Brinker International, Inc.

    20,606      397,284

Burger King Holdings, Inc.

    21,438      455,772

Carnival Corp.

    40,231      1,564,181

Chipotle Mexican Grill, Inc.*

    6,473      729,313

Choice Hotels International, Inc.

    1,623      56,497

Darden Restaurants, Inc.

    27,703      1,233,892

Hyatt Hotels Corp., Class A*

    5,500      214,280

International Game Technology

    49,806      918,921

Las Vegas Sands Corp.*

    45,688      966,301

Marriott International, Inc., Class A

    28,544      899,707

McDonald’s Corp.

    222,948      14,875,090

MGM MIRAGE*

    18,236      218,832

Panera Bread Co., Class A*

    5,558      425,131

Royal Caribbean Cruises Ltd.*

    8,178      269,792

Scientific Games Corp., Class A*

    12,903      181,674

Starbucks Corp.*

    148,668      3,608,172

Starwood Hotels & Resorts Worldwide, Inc.

    6,140      286,370

Wendy’s/Arby’s Group, Inc., Class A

    29,558      147,790

WMS Industries, Inc.*

    10,585      443,935

Wyndham Worldwide Corp.

    15,881      408,618

Yum! Brands, Inc.

    93,264      3,574,809
         
        31,876,361
         

Household Durables (0.2%)

      

Garmin Ltd.

    18,568      714,496

Harman International Industries, Inc.*

    7,797      364,744

KB Home

    1,065      17,839

Leggett & Platt, Inc.

    19,650      425,226

M.D.C. Holdings, Inc.

    2,912      100,784

Newell Rubbermaid, Inc.

    9,035      137,332

NVR, Inc.*

    208      151,112

Pulte Group, Inc.*

    7,163      80,584
         
        1,992,117
         
Internet & Catalog Retail (1.1%)      

Amazon.com, Inc.*

    66,436    $ 9,017,358

Expedia, Inc.

    33,759      842,625

Netflix, Inc.*

    8,094      596,851

priceline.com, Inc.*

    8,969      2,287,095
         
        12,743,929
         
Leisure Equipment & Products (0.2%)      

Hasbro, Inc.

    15,049      576,076

Mattel, Inc.

    56,195      1,277,874
         
        1,853,950
         
Media (1.0%)      

Comcast Corp., Class A

    43,542      819,461

CTC Media, Inc.

    6,847      117,905

DIRECTV, Class A*

    92,848      3,139,191

Discovery Communications, Inc., Class C*

    52,784      1,552,378

Interactive Data Corp.

    3,353      107,296

John Wiley & Sons, Inc., Class A

    8,386      362,946

McGraw-Hill Cos., Inc.

    63,582      2,266,698

Morningstar, Inc.*

    3,935      189,234

New York Times Co., Class A*

    1,456      16,205

Omnicom Group, Inc.

    62,834      2,438,588

Regal Entertainment Group, Class A

    8,286      145,585

Scripps Networks Interactive, Inc., Class A

    10,532      467,094

Warner Music Group Corp.*

    691      4,775
         
        11,627,356
         
Multiline Retail (1.2%)      

Big Lots, Inc.*

    1,872      68,178

Dollar General Corp.*

    4,600      116,150

Dollar Tree, Inc.*

    18,211      1,078,455

Family Dollar Stores, Inc.

    28,327      1,037,051

Kohl’s Corp.*

    57,734      3,162,669

Nordstrom, Inc.

    33,343      1,362,062

Target Corp.

    151,996      7,994,990
         
        14,819,555
         
Specialty Retail (2.7%)      

Aaron’s, Inc.

    9,617      320,631

Abercrombie & Fitch Co., Class A

    8,785      400,947

Advance Auto Parts, Inc.

    19,192      804,529

Aeropostale, Inc.*

    20,478      590,381

American Eagle Outfitters, Inc.

    34,466      638,310

AutoNation, Inc.*

    1,415      25,583

AutoZone, Inc.*

    6,114      1,058,272

Barnes & Noble, Inc.

    1,481      32,019

Bed Bath & Beyond, Inc.*

    52,759      2,308,734

Best Buy Co., Inc.

    68,058      2,895,187

CarMax, Inc.*

    31,596      793,692

Chico’s FAS, Inc.

    33,592      484,397

Dick’s Sporting Goods, Inc.*

    17,337      452,669

Foot Locker, Inc.

    13,843      208,199

GameStop Corp., Class A*

    29,242      640,692

Gap, Inc.

    86,043      1,988,454

Guess?, Inc.

    11,780      553,424

Home Depot, Inc.

    22,977      743,306

Limited Brands, Inc.

    35,988      886,025

Lowe’s Cos., Inc.

    93,805      2,273,833

Office Depot, Inc.*

    10,375      82,793

O’Reilly Automotive, Inc.*

    27,411      1,143,313

Penske Automotive Group, Inc.*

    2,687      38,747

PetSmart, Inc.

    25,415      812,263

RadioShack Corp.

    3,270      74,000

Ross Stores, Inc.

    25,581      1,367,816

 

See Notes to Portfolio of Investments.

341

EQ ADVISORS TRUST

EQ/LARGE CAP GROWTH INDEX PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

 

     Number of
Shares		    Value
(Note 1)

Sherwin-Williams Co.

    17,171    $ 1,162,133

Staples, Inc.

    144,526      3,380,463

Tiffany & Co.

    22,936      1,089,231

TJX Cos., Inc.

    83,523      3,551,398

Urban Outfitters, Inc.*

    25,914      985,509

Williams-Sonoma, Inc.

    7,579      199,252
         
        31,986,202
         
Textiles, Apparel & Luxury Goods (0.8%)      

Coach, Inc.

    64,206      2,537,421

Hanesbrands, Inc.*

    19,067      530,444

NIKE, Inc., Class B

    73,033      5,367,925

Phillips-Van Heusen Corp.

    6,764      387,983

Polo Ralph Lauren Corp.

    10,491      892,155

VF Corp.

    4,019      322,123
         
        10,038,051
         

Total Consumer Discretionary

         128,433,744
         

Consumer Staples (15.7%)

      
Beverages (3.8%)      

Brown-Forman Corp., Class B

    15,191      903,105

Coca-Cola Co.

    367,781      20,227,955

Coca-Cola Enterprises, Inc.

    52,992      1,465,759

Hansen Natural Corp.*

    13,943      604,847

Molson Coors Brewing Co., Class B

   1,498      63,006

PepsiCo, Inc.

    322,116      21,311,195
         
        44,575,867
         
Food & Staples Retailing (4.0%)      

BJ’s Wholesale Club, Inc.*

    1,956      72,352

Costco Wholesale Corp.

    87,766      5,240,508

CVS Caremark Corp.

    89,745      3,281,077

Kroger Co.

    111,100      2,406,426

Sysco Corp.

    119,236      3,517,462

Walgreen Co.

    200,387      7,432,354

Wal-Mart Stores, Inc.

    446,870      24,845,972

Whole Foods Market, Inc.*

    18,485      668,233
         
        47,464,384
         
Food Products (1.4%)      

Archer-Daniels-Midland Co.

    72,783      2,103,429

Campbell Soup Co.

    26,995      954,273

Dean Foods Co.*

    36,279      569,218

Flowers Foods, Inc.

    12,845      317,785

General Mills, Inc.

    27,370      1,937,522

Green Mountain Coffee Roasters, Inc.*

    7,013      678,999

H.J. Heinz Co.

    51,511      2,349,417

Hershey Co.

    18,169      777,815

Hormel Foods Corp.

    1,415      59,444

Kellogg Co.

    51,428      2,747,798

Kraft Foods, Inc., Class A

    51,695      1,563,257

McCormick & Co., Inc. (Non- Voting)

    26,288      1,008,408

Mead Johnson Nutrition Co., Class A

    20,678      1,075,876

Sara Lee Corp.

    34,782      484,513

Smithfield Foods, Inc.*

    2,072      42,973
         
        16,670,727
         
Household Products (3.4%)      

Church & Dwight Co., Inc.

    14,234      952,966

Clorox Co.

    24,974      1,601,832

Colgate-Palmolive Co.

    100,984      8,609,896

Energizer Holdings, Inc.*

    11,739      736,740

Kimberly-Clark Corp.

    72,825      4,579,236

Procter & Gamble Co.

    385,908      24,416,399
         
        40,897,069
         
Personal Products (0.5%)      

Alberto-Culver Co.

    14,592      381,581

Avon Products, Inc.

    86,210    $ 2,919,933

Estee Lauder Cos., Inc., Class A

    22,437      1,455,488

Herbalife Ltd.

    12,446      574,009

NBTY, Inc.*

    7,513      360,474
         
        5,691,485
         
Tobacco (2.6%)      

Altria Group, Inc.

    417,878      8,574,856

Lorillard, Inc.

    30,074      2,262,768

Philip Morris International, Inc.

    396,498      20,681,336
         
        31,518,960
         

Total Consumer Staples

         186,818,492
         

Energy (3.9%)

      
Energy Equipment & Services (1.3%)      

Atwood Oceanics, Inc.*

    9,617      333,037

Cameron International Corp.*

    44,733      1,917,256

Diamond Offshore Drilling, Inc.

    13,985      1,242,008

Dresser-Rand Group, Inc.*

    16,630      522,515

Exterran Holdings, Inc.*

    5,807      140,355

FMC Technologies, Inc.*

    25,016      1,616,784

Helmerich & Payne, Inc.

    6,681      254,412

Oceaneering International, Inc.*

    11,073      703,025

Patterson-UTI Energy, Inc.

    4,434      61,943

Pride International, Inc.*

    16,380      493,202

Rowan Cos., Inc.*

    3,977      115,770

Schlumberger Ltd.

    109,827      6,969,621

Seahawk Drilling, Inc.*

    1,015      19,133

Smith International, Inc.

    29,730      1,273,039
         
        15,662,100
         
Oil, Gas & Consumable Fuels (2.6%)      

Alpha Natural Resources, Inc.*

    24,242      1,209,433

CNX Gas Corp.*

    4,934      187,739

Comstock Resources, Inc.*

    749      23,818

Consol Energy, Inc.

    36,546      1,559,052

Continental Resources, Inc.*

    2,995      127,437

El Paso Corp.

    39,357      426,630

EXCO Resources, Inc.

    24,749      454,887

Exxon Mobil Corp.

    254,486      17,045,472

Forest Oil Corp.*

    8,303      214,383

Frontier Oil Corp.

    16,630      224,505

Holly Corp.

    8,536      238,240

Mariner Energy, Inc.*

    18,277      273,607

Massey Energy Co.

    13,860      724,739

Peabody Energy Corp.

    53,990      2,467,343

Petrohawk Energy Corp.*

    60,754      1,232,091

Plains Exploration & Production Co.*

    15,174      455,068

Quicksilver Resources, Inc.*

    23,626      332,418

Range Resources Corp.

    4,642      217,571

Southwestern Energy Co.*

    69,472      2,828,900

St. Mary Land & Exploration Co.

    3,062      106,588

Teekay Corp.

    3,686      83,820

Tesoro Corp.

    11,364      157,960
         
        30,591,701
         

Total Energy

         46,253,801
         

Financials (5.2%)

      
Capital Markets (2.0%)      

Affiliated Managers Group, Inc.*

    8,386      662,494

Ameriprise Financial, Inc.

    4,019      182,302

Bank of New York Mellon Corp.

    49,515      1,529,023

BlackRock, Inc.

    2,215      482,338

Charles Schwab Corp.

    191,894      3,586,499

Eaton Vance Corp.

    23,560      790,202

Federated Investors, Inc., Class B

    16,630      438,699

Franklin Resources, Inc.

    13,777      1,527,869

 

See Notes to Portfolio of Investments.

342

EQ ADVISORS TRUST

EQ/LARGE CAP GROWTH INDEX PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

GLG Partners, Inc.*

    38,401    $ 117,891

Goldman Sachs Group, Inc.

    6,348      1,083,159

Greenhill & Co., Inc.

    4,143      340,099

Invesco Ltd.

    6,622      145,088

Investment Technology Group, Inc.*

    649      10,832

Janus Capital Group, Inc.

    31,929      456,265

Jefferies Group, Inc.

    17,753      420,214

Lazard Ltd., Class A

    15,424      550,637

Morgan Stanley

    63,749      1,867,208

Northern Trust Corp.

    48,683      2,690,223

SEI Investments Co.

    24,375      535,519

State Street Corp.

    53,158      2,399,552

T. Rowe Price Group, Inc.

    51,636      2,836,366

TD Ameritrade Holding Corp.*

    52,743      1,005,282

Waddell & Reed Financial, Inc., Class A

    17,379      626,339
         
        24,284,100
         
Commercial Banks (0.4%)      

BOK Financial Corp.

    1,415      74,203

CapitalSource, Inc.

    7,995      44,692

Commerce Bancshares, Inc./Missouri

    4,355      179,165

Wells Fargo & Co.

    154,785      4,816,909
         
        5,114,969
         
Consumer Finance (0.3%)      

American Express Co.

    37,486      1,546,672

AmeriCredit Corp.*

    5,516      131,060

Capital One Financial Corp.

    25,706      1,064,485

SLM Corp.*

    20,440      255,909

Student Loan Corp.

    84      2,985
         
        3,001,111
         
Diversified Financial Services (0.4%)      

CME Group, Inc.

    791      250,043

IntercontinentalExchange, Inc.*

    14,775      1,657,460

Leucadia National Corp.*

    13,718      340,344

Moody’s Corp.

    37,902      1,127,584

MSCI, Inc., Class A*

    20,191      728,895

NASDAQ OMX Group, Inc.*

    12,055      254,602

NYSE Euronext

    13,427      397,573
         
        4,756,501
         
Insurance (1.2%)      

Aflac, Inc.

    94,470      5,128,776

American International Group, Inc.*

    9,241      315,488

Arthur J. Gallagher & Co.

    18,693      458,913

Axis Capital Holdings Ltd.

    8,078      252,518

Brown & Brown, Inc.

    17,296      309,944

CNA Financial Corp.*

    2,438      65,144

Endurance Specialty Holdings Ltd.

    3,353      124,564

Erie Indemnity Co., Class A

    4,143      178,688

Fidelity National Financial, Inc., Class A

    6,972      103,325

Genworth Financial, Inc., Class A*

    42,036      770,940

Hanover Insurance Group, Inc.

    791      34,496

Lincoln National Corp.

    18,876      579,493

Marsh & McLennan Cos., Inc.

    7,829      191,184

Principal Financial Group, Inc.

    62,692      1,831,233

Progressive Corp.

    13,968      266,649

Prudential Financial, Inc.

    48,367      2,926,204

Reinsurance Group of America, Inc.

    1,165      61,186

Validus Holdings Ltd.

    2,687      73,973

W.R. Berkley Corp.

    8,868      231,366
         
        13,904,084
         
Real Estate Investment Trusts (REITs) (0.7%)      

Alexandria Real Estate Equities, Inc. (REIT)

    1,948      131,685

Digital Realty Trust, Inc. (REIT)

    15,341    $ 831,482

Federal Realty Investment Trust (REIT)

    1,581      115,113

HCP, Inc. (REIT)

    22,977      758,241

Health Care REIT, Inc. (REIT)

    12,181      550,947

Nationwide Health Properties, Inc. (REIT)

    17,232      605,705

Plum Creek Timber Co., Inc. (REIT)

    11,739      456,764

Public Storage (REIT)

    27,162      2,498,632

Rayonier, Inc. (REIT)

    7,263      329,958

Simon Property Group, Inc. (REIT)

   20,661      1,733,458
         
        8,011,985
         
Real Estate Management & Development (0.1%)      

CB Richard Ellis Group, Inc., Class A*

    47,643      755,142

St. Joe Co.*

    18,710      605,268
         
        1,360,410
         
Thrifts & Mortgage Finance (0.1%)      

Capitol Federal Financial

    4,019      150,552

Hudson City Bancorp, Inc.

    52,468      742,947

TFS Financial Corp.

    1,856      24,777
         
        918,276
         

Total Financials

         61,351,436
         

Health Care (15.9%)

      
Biotechnology (3.4%)      

Abraxis Bioscience, Inc.*

    1,415      73,226

Alexion Pharmaceuticals, Inc.*

    17,795      967,514

Amgen, Inc.*

    204,672      12,231,199

Amylin Pharmaceuticals, Inc.*

    28,451      639,863

Biogen Idec, Inc.*

    58,358      3,347,415

BioMarin Pharmaceutical, Inc.*

    20,149      470,882

Celgene Corp.*

    93,073      5,766,803

Cephalon, Inc.*

    14,983      1,015,548

Dendreon Corp.*

    26,910      981,408

Genzyme Corp.*

    54,490      2,824,217

Gilead Sciences, Inc.*

    183,163      8,330,253

Myriad Genetics, Inc.*

    19,234      462,578

OSI Pharmaceuticals, Inc.*

    11,739      699,057

Talecris Biotherapeutics Holdings Corp.*

    10,000      199,200

United Therapeutics Corp.*

    9,452      522,979

Vertex Pharmaceuticals, Inc.*

    39,207      1,602,390
         
        40,134,532
         
Health Care Equipment & Supplies (3.6%)      

Baxter International, Inc.

    122,256      7,115,299

Beckman Coulter, Inc.

    13,902      873,046

Becton, Dickinson and Co.

    48,392      3,809,902

Boston Scientific Corp.*

    108,313      782,020

C.R. Bard, Inc.

    20,124      1,743,141

DENTSPLY International, Inc.

    30,032      1,046,615

Edwards Lifesciences Corp.*

    11,323      1,119,618

Gen-Probe, Inc.*

    9,932      496,600

Hill-Rom Holdings, Inc.

    5,017      136,513

Hologic, Inc.*

    5,058      93,775

Hospira, Inc.*

    32,428      1,837,046

IDEXX Laboratories, Inc.*

    11,947      687,550

Intuitive Surgical, Inc.*

    7,721      2,687,912

Inverness Medical Innovations, Inc.*

    7,454      290,333

Kinetic Concepts, Inc.*

    4,393      210,029

Medtronic, Inc.

    226,234      10,187,317

ResMed, Inc.*

    15,216      968,498

St. Jude Medical, Inc.*

    69,954      2,871,612

Stryker Corp.

    68,391      3,913,333

 

See Notes to Portfolio of Investments.

343

EQ ADVISORS TRUST

EQ/LARGE CAP GROWTH INDEX PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Teleflex, Inc.

    3,395    $ 217,518

Varian Medical Systems, Inc.*

    25,290      1,399,296
         
        42,486,973
         
Health Care Providers & Services (2.2%)      

Aetna, Inc.

    19,359      679,695

AmerisourceBergen Corp.

    50,408      1,457,799

CIGNA Corp.

    3,561      130,261

Community Health Systems, Inc.*

    9,326      344,409

Coventry Health Care, Inc.*

    8,411      207,920

DaVita, Inc.*

    20,898      1,324,933

Emdeon, Inc., Class A*

    4,100      67,732

Express Scripts, Inc.*

    55,446      5,642,185

Health Management Associates, Inc., Class A*

    49,806      428,332

Henry Schein, Inc.*

    18,252      1,075,043

Humana, Inc.*

    12,612      589,863

Laboratory Corp. of America Holdings*

    21,896      1,657,746

Lincare Holdings, Inc.*

    11,239      504,406

McKesson Corp.

    26,871      1,765,962

Medco Health Solutions, Inc.*

    97,549      6,297,764

MEDNAX, Inc.*

    3,037      176,723

Omnicare, Inc.

    10,075      285,022

Patterson Cos., Inc.

    20,274      629,508

Quest Diagnostics, Inc.

    31,446      1,832,987

Tenet Healthcare Corp.*

    65,812      376,445

Universal Health Services, Inc., Class B

    1,316      46,178

VCA Antech, Inc.*

    17,129      480,126

WellPoint, Inc.*

    6,572      423,105
         
        26,424,144
         
Health Care Technology (0.1%)      

Allscripts-Misys Healthcare Solutions, Inc.*

    12,612      246,691

Cerner Corp.*

    13,610      1,157,666
         
        1,404,357
         
Life Sciences Tools & Services (0.8%)      

Bio-Rad Laboratories, Inc., Class A*

    3,952      409,111

Charles River Laboratories International, Inc.*

    8,827      346,989

Covance, Inc.*

    12,945      794,694

Illumina, Inc.*

    24,891      968,260

Life Technologies Corp.*

    31,324      1,637,305

Mettler-Toledo International, Inc.*

    6,847      747,692

Millipore Corp.*

    11,198      1,182,509

PerkinElmer, Inc.

    5,100      121,890

Pharmaceutical Product Development, Inc.

    21,189      503,239

Techne Corp.

    7,554      481,114

Thermo Fisher Scientific, Inc.*

    6,889      354,370

Waters Corp.*

    19,542      1,319,867
         
        8,867,040
         
Pharmaceuticals (5.8%)      

Abbott Laboratories, Inc.

    312,406      16,457,548

Allergan, Inc.

    61,544      4,020,054

Bristol-Myers Squibb Co.

    191,642      5,116,842

Eli Lilly and Co.

    107,332      3,887,565

Johnson & Johnson

    431,114      28,108,633

Merck & Co., Inc.

    238,508      8,908,274

Mylan, Inc.*

    44,041      1,000,171

Perrigo Co.

    16,089      944,746

Valeant Pharmaceuticals International*

    13,777    $ 591,171
         
        69,035,004
         

Total Health Care

         188,352,050
         

Industrials (10.6%)

      
Aerospace & Defense (3.2%)      

Alliant Techsystems, Inc.*

    6,639      539,751

BE Aerospace, Inc.*

    9,368      285,256

Boeing Co.

    12,071      876,475

General Dynamics Corp.

    6,681      515,773

Goodrich Corp.

    24,999      1,762,930

Honeywell International, Inc.

    150,291      6,803,674

ITT Corp.

    3,603      193,157

Lockheed Martin Corp.

    64,331      5,353,626

Northrop Grumman Corp.

    7,804      511,708

Precision Castparts Corp.

    28,327      3,589,314

Raytheon Co.

    61,336      3,503,512

Rockwell Collins, Inc.

    31,970      2,001,002

Spirit AeroSystems Holdings, Inc., Class A*

    6,847      160,083

TransDigm Group, Inc.

    8,053      427,131

United Technologies Corp.

    155,182      11,422,947
         
        37,946,339
         
Air Freight & Logistics (1.1%)      

C.H. Robinson Worldwide, Inc.

    34,258      1,913,309

Expeditors International of Washington, Inc.

    42,876      1,582,982

United Parcel Service, Inc., Class B

    139,759      9,001,877

UTi Worldwide, Inc.

    18,568      284,462
         
        12,782,630
         
Airlines (0.4%)      

AMR Corp.*

    67,109      611,363

Continental Airlines, Inc., Class B*

    27,869      612,282

Copa Holdings S.A., Class A

    6,098      370,758

Delta Air Lines, Inc.*

    155,889      2,274,421

Southwest Airlines Co.

    46,645      616,647
         
        4,485,471
         

Building Products (0.1%)

      

Armstrong World Industries, Inc.*

    1,831      66,484

Lennox International, Inc.

    9,368      415,190

Masco Corp.

    34,175      530,396

Owens Corning, Inc.*

    7,496      190,698
         
        1,202,768
         

Commercial Services & Supplies (0.6%)

      

Avery Dennison Corp.

    4,226      153,869

Brink’s Co.

    9,660      272,702

Cintas Corp.

    4,809      135,085

Copart, Inc.*

    13,527      481,561

Corrections Corp. of America*

    2,563      50,901

Iron Mountain, Inc.

    36,404      997,470

R.R. Donnelley & Sons Co.

    10,657      227,527

Republic Services, Inc.

    20,606      597,986

Stericycle, Inc.*

    17,171      935,819

Waste Connections, Inc.*

    11,863      402,867

Waste Management, Inc.

    89,163      3,069,882
         
        7,325,669
         
Construction & Engineering (0.3%)      

Aecom Technology Corp.*

    19,026      539,768

Fluor Corp.

    36,379      1,691,987

Jacobs Engineering Group, Inc.*

    24,916      1,125,954

Shaw Group, Inc.*

    13,677      470,762

URS Corp.*

    2,122      105,273
         
        3,933,744
         

 

See Notes to Portfolio of Investments.

344

EQ ADVISORS TRUST

EQ/LARGE CAP GROWTH INDEX PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Electrical Equipment (1.0%)

      

A123 Systems, Inc.*

    3,800    $ 52,212

AMETEK, Inc.

    21,688      899,185

Emerson Electric Co.

    151,871      7,645,186

First Solar, Inc.*

    10,366      1,271,390

Hubbell, Inc., Class B

    1,373      69,240

Rockwell Automation, Inc.

    2,912      164,120

Roper Industries, Inc.

    15,673      906,526

SunPower Corp., Class A*

    19,442      367,454

Thomas & Betts Corp.*

    3,353      131,572
         
        11,506,885
         

Industrial Conglomerates (1.1%)

      

3M Co.

    140,341      11,728,297

Carlisle Cos., Inc.

    3,311      126,149

McDermott International, Inc.*

    46,104      1,241,120
         
        13,095,566
         

Machinery (1.7%)

      

Bucyrus International, Inc.

    3,453      227,863

Caterpillar, Inc.

    60,795      3,820,966

Crane Co.

    5,100      181,050

Cummins, Inc.

    13,486      835,458

Danaher Corp.

    32,469      2,594,598

Deere & Co.

    21,147      1,257,401

Donaldson Co., Inc.

    15,590      703,421

Dover Corp.

    26,579      1,242,568

Flowserve Corp.

    11,323      1,248,587

Graco, Inc.

    5,516      176,512

Harsco Corp.

    11,863      378,904

IDEX Corp.

    9,576      316,966

Joy Global, Inc.

    18,128      1,026,045

Navistar International Corp.*

    12,695      567,847

PACCAR, Inc.

    67,891      2,942,396

Pall Corp.

    23,768      962,366

Pentair, Inc.

    5,516      196,480

Snap-On, Inc.

    3,145      136,304

Toro Co.

    6,763      332,537

Valmont Industries, Inc.

    4,268      353,518

WABCO Holdings, Inc.*

    11,447      342,494

Wabtec Corp.

    9,617      405,068
         
        20,249,349
         

Marine (0.0%)

      

Kirby Corp.*

    2,188      83,472
         

Professional Services (0.3%)

      

Dun & Bradstreet Corp.

    10,740      799,271

Equifax, Inc.

    19,899      712,384

FTI Consulting, Inc.*

    10,366      407,591

IHS, Inc., Class A*

    9,617      514,221

Robert Half International, Inc.

    30,805      937,396

Verisk Analytics, Inc., Class A*

    14,791      417,106
         
        3,787,969
         

Road & Rail (0.5%)

      

Con-way, Inc.

    3,228      113,367

J.B. Hunt Transport Services, Inc.

    17,670      634,000

Kansas City Southern*

    8,369      302,707

Landstar System, Inc.

    10,366      435,165

Norfolk Southern Corp.

    9,617      537,494

Union Pacific Corp.

    54,074      3,963,624
         
        5,986,357
         

Trading Companies & Distributors (0.3%)

      

Fastenal Co.

    26,704      1,281,525

GATX Corp.

    4,060      116,319

MSC Industrial Direct Co., Class A

    8,677      440,097

W.W. Grainger, Inc.

    12,446      1,345,662

WESCO International, Inc.*

    4,476    $ 155,362
         
        3,338,965
         

Total Industrials

         125,725,184
         

Information Technology (32.1%)

      

Communications Equipment (4.2%)

      

Brocade Communications Systems, Inc.*

    31,295      178,695

Ciena Corp.*

    1,997      30,434

Cisco Systems, Inc.*

    1,165,743      30,344,290

F5 Networks, Inc.*

    15,840      974,318

Harris Corp.

    20,939      994,393

JDS Uniphase Corp.*

    22,187      278,003

Juniper Networks, Inc.*

    105,709      3,243,152

Motorola, Inc.*

    29,558      207,497

QUALCOMM, Inc.

    334,539      14,047,293
         
        50,298,075
         

Computers & Peripherals (9.3%)

      

Apple, Inc.*

    180,322      42,363,047

Dell, Inc.*

    346,160      5,195,862

Diebold, Inc.

    11,739      372,831

EMC Corp.*

    42,252      762,226

Hewlett-Packard Co.

    374,129      19,884,956

International Business Machines Corp.

    267,130      34,259,422

NCR Corp.*

    32,012      441,766

NetApp, Inc.*

    67,226      2,188,879

QLogic Corp.*

    24,017      487,545

SanDisk Corp.*

    22,062      764,007

Seagate Technology*

    89,454      1,633,430

Teradata Corp.*

    28,451      821,949

Western Digital Corp.*

    40,605      1,583,189
         
        110,759,109
         

Electronic Equipment, Instruments & Components (1.1%)

      

Agilent Technologies, Inc.*

    69,347      2,384,843

Amphenol Corp., Class A

    34,632      1,461,124

Arrow Electronics, Inc.*

    9,992      301,059

Avnet, Inc.*

    10,199      305,970

AVX Corp.

    2,063      29,295

Corning, Inc.

    268,153      5,419,372

Dolby Laboratories, Inc., Class A*

    10,574      620,377

FLIR Systems, Inc.*

    30,306      854,629

Itron, Inc.*

    7,471      542,171

Jabil Circuit, Inc.

    18,818      304,663

Molex, Inc.

    2,230      46,518

National Instruments Corp.

    11,447      381,757

Trimble Navigation Ltd.*

    24,084      691,693

Vishay Intertechnology, Inc.*

    7,953      81,359
         
        13,424,830
         

Internet Software & Services (3.1%)

      

Akamai Technologies, Inc.*

    34,923      1,096,932

eBay, Inc.*

    52,576      1,416,923

Equinix, Inc.*

    7,721      751,562

Google, Inc., Class A*

    48,492      27,495,449

IAC/InterActiveCorp*

    8,411      191,266

Monster Worldwide, Inc.*

    14,841      246,509

Sohu.com, Inc.*

    6,098      332,951

VeriSign, Inc.*

    38,941      1,012,855

WebMD Health Corp.*

    10,917      506,331

Yahoo!, Inc.*

    224,404      3,709,398
         
        36,760,176
         

IT Services (2.8%)

      

Alliance Data Systems Corp.*

    10,740      687,253

Amdocs Ltd.*

    5,558      167,351

 

See Notes to Portfolio of Investments.

345

EQ ADVISORS TRUST

EQ/LARGE CAP GROWTH INDEX PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Automatic Data Processing, Inc.

    101,400    $ 4,509,258

Broadridge Financial Solutions, Inc.

    17,587      376,010

Cognizant Technology Solutions Corp., Class A*

    59,007      3,008,177

Convergys Corp.*

    2,479      30,392

DST Systems, Inc.

    6,789      281,404

Fidelity National Information Services, Inc.

    41,079      962,892

Fiserv, Inc.*

    31,429      1,595,336

Genpact Ltd.*

    12,554      210,531

Global Payments, Inc.

    16,256      740,461

Hewitt Associates, Inc., Class A*

    16,880      671,486

Lender Processing Services, Inc.

    19,275      727,631

Mastercard, Inc., Class A

    17,212      4,371,848

NeuStar, Inc., Class A*

    14,550      366,660

Paychex, Inc.

    64,980      1,994,886

SAIC, Inc.*

    59,139      1,046,760

Total System Services, Inc.

    23,501      368,026

Visa, Inc., Class A

    90,827      8,267,982

Western Union Co.

    141,655      2,402,469
         
        32,786,813
         
Office Electronics (0.1%)      

Xerox Corp.

    54,946      535,724

Zebra Technologies Corp., Class A*

   10,907      322,847
         
        858,571
         
Semiconductors & Semiconductor Equipment (3.8%)      

Advanced Micro Devices, Inc.*

    59,423      550,851

Altera Corp.

    59,256      1,440,513

Analog Devices, Inc.

    58,799      1,694,587

Broadcom Corp., Class A

    99,237      3,292,684

Cree, Inc.*

    20,903      1,467,809

Cypress Semiconductor Corp.*

    28,451      327,187

Integrated Device Technology, Inc.*

    7,038      43,143

Intel Corp.

    696,434      15,502,621

International Rectifier Corp.*

    6,431      147,270

Intersil Corp., Class A

    12,179      179,762

Lam Research Corp.*

    25,498      951,585

Linear Technology Corp.

    44,915      1,270,196

Marvell Technology Group Ltd.*

    93,597      1,907,507

Maxim Integrated Products, Inc.

    51,678      1,002,036

MEMC Electronic Materials, Inc.*

    45,164      692,364

Microchip Technology, Inc.

    33,717      949,471

Micron Technology, Inc.*

    30,115      312,895

National Semiconductor Corp.

    46,312      669,208

Novellus Systems, Inc.*

    11,847      296,175

NVIDIA Corp.*

    110,351      1,917,900

ON Semiconductor Corp.*

    84,937      679,496

Rambus, Inc.*

    21,064      460,248

Silicon Laboratories, Inc.*

    8,993      428,696

Teradyne, Inc.*

    34,907      389,911

Texas Instruments, Inc.

    257,331      6,296,890

Varian Semiconductor Equipment Associates, Inc.*

    14,758      488,785

Xilinx, Inc.

    55,363      1,411,757
         
        44,771,547
         
Software (7.7%)      

Activision Blizzard, Inc.

    65,645      791,679

Adobe Systems, Inc.*

    105,834      3,743,349

ANSYS, Inc.*

    17,712      764,096

Autodesk, Inc.*

    31,180      917,316

BMC Software, Inc.*

    37,319      1,418,122

CA, Inc.

    61,253      1,437,608

Cadence Design Systems, Inc.*

    53,200      354,312

Citrix Systems, Inc.*

    36,529      1,734,032

Electronic Arts, Inc.*

    65,229    $ 1,217,173

FactSet Research Systems, Inc.

    8,469      621,370

Intuit, Inc.*

    65,229      2,239,964

McAfee, Inc.*

    31,346      1,257,915

MICROS Systems, Inc.*

    16,214      533,116

Microsoft Corp.#

    1,557,749      45,595,313

Novell, Inc.*

    31,596      189,260

Nuance Communications, Inc.*

    42,098      700,511

Oracle Corp.

    772,531      19,846,321

Red Hat, Inc.*

    38,151      1,116,680

Rovi Corp.*

    14,093      523,273

Salesforce.com, Inc.*

    21,896      1,630,157

Sybase, Inc.*

    16,796      783,029

Symantec Corp.*

    165,839      2,805,996

Synopsys, Inc.*

    18,252      408,297

VMware, Inc., Class A*

    10,366      552,508
         
        91,181,397
         

Total Information Technology

         380,840,518
         

Materials (3.8%)

      
Chemicals (2.4%)      

Air Products & Chemicals, Inc.

    14,692      1,086,473

Albemarle Corp.

    1,082      46,126

Ashland, Inc.

    1,224      64,590

Celanese Corp., Class A

    28,992      923,395

CF Industries Holdings, Inc.

    8,178      745,670

E.I. du Pont de Nemours & Co.

    60,421      2,250,078

Ecolab, Inc.

    47,768      2,099,404

FMC Corp.

    12,529      758,506

International Flavors & Fragrances, Inc.

    14,966      713,429

Intrepid Potash, Inc.*

    7,662      232,388

Lubrizol Corp.

    11,905      1,091,927

Monsanto Co.

    110,368      7,882,482

Mosaic Co.

    31,970      1,942,817

Nalco Holding Co.

    27,911      679,075

Praxair, Inc.

    62,168      5,159,944

RPM International, Inc.

    13,594      290,096

Scotts Miracle-Gro Co., Class A

    8,993      416,825

Sigma-Aldrich Corp.

    24,724      1,326,690

Terra Industries, Inc.

    13,818      632,312

Valhi, Inc.

    150      2,952
         
        28,345,179
         
Construction Materials (0.0%)      

Eagle Materials, Inc.

    8,744      232,066

Martin Marietta Materials, Inc.

    3,436      287,078
         
        519,144
         
Containers & Packaging (0.3%)      

Ball Corp.

    12,362      659,883

Crown Holdings, Inc.*

    32,303      870,889

Owens-Illinois, Inc.*

    27,703      984,565

Packaging Corp. of America

    1,980      48,728

Pactiv Corp.*

    21,813      549,251
         
        3,113,316
         
Metals & Mining (1.1%)      

Alcoa, Inc.

    91,160      1,298,118

Cliffs Natural Resources, Inc.

    2,579      182,980

Compass Minerals International, Inc.

    3,519      282,329

Freeport-McMoRan Copper & Gold, Inc.

    50,513      4,219,856

Newmont Mining Corp.

    96,758      4,927,885

Royal Gold, Inc.

    2,122      98,058

Schnitzer Steel Industries, Inc., Class A

    3,453      181,386

 

See Notes to Portfolio of Investments.

346

EQ ADVISORS TRUST

EQ/LARGE CAP GROWTH INDEX PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Southern Copper Corp.

      26,122    $ 827,284

Walter Energy, Inc.

      10,699      987,197
         
        13,005,093
         

Total Materials

         44,982,732
         

Telecommunication Services (0.6%)

      
Diversified Telecommunication Services (0.1%)      

Frontier Communications Corp.

      27,411      203,938

tw telecom, Inc.*

      30,057      545,534

Windstream Corp.

      40,880      445,183
         
        1,194,655
         
Wireless Telecommunication Services (0.5%)      

American Tower Corp., Class A*

      80,420      3,426,696

Crown Castle International Corp.*

      21,064      805,277

Leap Wireless International, Inc.*

      9,076      148,484

MetroPCS Communications, Inc.*

      51,179      362,347

NII Holdings, Inc.*

      1,789      74,530

SBA Communications Corp., Class A*

      23,518      848,294
         
        5,665,628
         

Total Telecommunication Services

         6,860,283
         

Utilities (0.8%)

      
Electric Utilities (0.4%)      

Allegheny Energy, Inc.

      20,898      480,654

DPL, Inc.

      2,937      79,857

Exelon Corp.

      11,614      508,809

FPL Group, Inc.

      10,865      525,106

ITC Holdings Corp.

      10,033      551,815

NV Energy, Inc.

      20,149      248,437

PPL Corp.

      75,969      2,105,101
         
        4,499,779
         
Gas Utilities (0.1%)      

EQT Corp.

      26,413      1,082,933
         

Independent Power Producers & Energy Traders (0.2%)

      

AES Corp.*

      108,521      1,193,731

Calpine Corp.*

      36,529      434,330

Constellation Energy Group, Inc.

      31,055      1,090,341

Ormat Technologies, Inc.

      3,935      110,731
         
        2,829,133
         
Multi-Utilities (0.1%)      

CenterPoint Energy, Inc.

      66,115      949,411

Integrys Energy Group, Inc.

      3,353      158,865
         
        1,108,276
         

Water Utilities (0.0%)

      

American Water Works Co., Inc.

      1,806      39,299
         

Total Utilities

         9,559,420
         

Total Common Stocks (99.4%)
(Cost $837,520,369)

         1,179,177,660
         
     Principal
Amount		    Value
(Note 1)

SHORT-TERM INVESTMENT:

      

Time Deposit (0.5%)

      

JPMorgan Chase Nassau

      

0.000%, 4/1/10

      

(Amortized Cost $5,830,958)

    $ 5,830,958    $ 5,830,958
         

Total Investments (99.9%)
(Cost/Amortized Cost $843,351,327)

         1,185,008,618

Other Assets Less Liabilities (0.1%)

         1,184,801
         

Net Assets (100%)

       $ 1,186,193,419
         

 

* Non-income producing.

 

# All, or a portion of security held by broker as collateral for financial futures contracts, with a total collateral value of $17,679,080.

At March 31, 2010, the Portfolio had the following futures contracts open: (Note 1)

 

Purchase

    Number of
Contracts		    Expiration
Date		    Original
Value		    Value at
3/31/2010		    Unrealized
Appreciation/
(Depreciation)

S&P 500 E-Mini Index

    57    June-10    $ 3,265,333    $ 3,320,820    $ 55,487
                  

 

See Notes to Portfolio of Investments.

347

EQ ADVISORS TRUST

EQ/LARGE CAP GROWTH INDEX PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

The following is a summary of the inputs used to value the Portfolio’s assets and liabilities carried at fair value as of March 31, 2010:

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, money market securities are valued using amortized cost, in accordance with rules under the Investment Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active market, such securities are reflected as Level 2.

Various inputs are used in determining the value of the Portfolio’s investments. These inputs are summarized in the three broad levels listed below:

 

Investment Type

    Level 1
Quoted prices in active
markets for identical
securities		    Level 2
Significant other
observable inputs
(including quoted prices
for similar securities,
interest rates,
prepayment speeds,
credit risk, etc.)		    Level 3
Significant unobservable
inputs (including the
Portfolio’s own
assumptions in
determining the fair
value of investments)		    Total

Assets:

            

Common Stocks

            

Consumer Discretionary

    $ 128,433,744    $ —      $ —      $ 128,433,744

Consumer Staples

      186,818,492      —        —        186,818,492

Energy

      46,253,801      —        —        46,253,801

Financials

      61,351,436      —        —        61,351,436

Health Care

      188,352,050      —        —        188,352,050

Industrials

      125,725,184      —        —        125,725,184

Information Technology

      380,840,518      —        —        380,840,518

Materials

      44,982,732      —        —        44,982,732

Telecommunication Services

      6,860,283      —        —        6,860,283

Utilities

      9,559,420      —        —        9,559,420

Futures

      55,487      —        —        55,487

Short-Term Investments

      —        5,830,958      —        5,830,958
                           

Total Assets

    $ 1,179,233,147    $ 5,830,958    $ —      $ 1,185,064,105
                           

Total Liabilities

    $ —      $ —      $ —      $ —  
                           

Total

    $ 1,179,233,147    $ 5,830,958    $ —      $ 1,185,064,105
                           

Investment security transactions for the three months ended March 31, 2010 were as follows:

 

Cost of Purchases:

   

Stocks and long-term corporate debt securities

    $ 4,046,582

Net Proceeds of Sales and Redemptions:

   

Stocks and long-term corporate debt securities

    $ 34,525,445

As of March 31, 2010, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investments for Federal income tax purposes was as follows:

 

Aggregate gross unrealized appreciation

    $ 338,547,968   

Aggregate gross unrealized depreciation

      (5,100,616 ) 
        

Net unrealized appreciation

    $ 333,447,352   
        

Federal income tax cost of investments

    $ 851,561,266   
        

The Portfolio has a net capital loss carryforward of $423,070,161 of which $250,494,433 expires in the year 2010, $103,882,638 expires in the year 2011, and $68,693,090 expires in the year 2016.

 

See Notes to Portfolio of Investments.

348

EQ ADVISORS TRUST

EQ/LARGE CAP GROWTH PLUS PORTFOLIO

PORTFOLIO OF INVESTMENTS

March 31, 2010 (Unaudited)

 

 

     Number of
Shares		    Value
(Note 1)

COMMON STOCKS:

      

Consumer Discretionary (9.9%)

      

Auto Components (0.3%)

      

BorgWarner, Inc.*

    20,304    $ 775,207

Gentex Corp.

    27,070      525,699

Goodyear Tire & Rubber Co.*

    45,390      573,730

Johnson Controls, Inc.

    70,057      2,311,180

TRW Automotive Holdings Corp.*

    3,783      108,118
         
        4,293,934
         

Automobiles (0.0%)

      

Thor Industries, Inc.

    3,493      105,523
         

Distributors (0.0%)

      

LKQ Corp.*

    26,330      534,499
         

Diversified Consumer Services (0.3%)

      

Apollo Group, Inc., Class A*

    24,953      1,529,369

Brink’s Home Security Holdings, Inc.*

    8,634      367,377

Career Education Corp.*

    12,707      402,050

DeVry, Inc.

    11,712      763,622

Education Management Corp.*

    2,700      59,130

H&R Block, Inc.

    63,816      1,135,925

Hillenbrand, Inc.

    4,458      98,032

ITT Educational Services, Inc.*

    7,202      810,081

Strayer Education, Inc.

    2,950      718,384

Weight Watchers International, Inc.

    614      15,675
         
        5,899,645
         

Hotels, Restaurants & Leisure (2.6%)

      

Brinker International, Inc.

    19,143      369,077

Burger King Holdings, Inc.

    19,954      424,222

Carnival Corp.

    36,493      1,418,848

Chipotle Mexican Grill, Inc.*

    6,464      728,299

Choice Hotels International, Inc.

    1,550      53,955

Darden Restaurants, Inc.

    26,637      1,186,412

Hyatt Hotels Corp., Class A*

    4,200      163,632

International Game Technology

    46,310      854,419

Las Vegas Sands Corp.*

    42,528      899,467

Marriott International, Inc., Class A

    26,600      838,432

McDonald’s Corp.

    410,250      27,371,880

MGM MIRAGE*

    18,034      216,408

Panera Bread Co., Class A*

    5,661      433,010

Royal Caribbean Cruises Ltd.*

    6,664      219,845

Scientific Games Corp., Class A*

    10,970      154,458

Starbucks Corp.*

    140,404      3,407,605

Starwood Hotels & Resorts Worldwide, Inc.

    5,704      266,035

Wendy’s/Arby’s Group, Inc., Class A

    27,530      137,650

WMS Industries, Inc.*

    10,568      443,222

Wyndham Worldwide Corp.

    14,748      379,466

Yum! Brands, Inc.

    88,414      3,388,909
         
        43,355,251
         

Household Durables (0.1%)

      

Garmin Ltd.

    17,321      666,512

Harman International Industries, Inc.*

    6,965      325,823

Leggett & Platt, Inc.

    18,303      396,077

M.D.C. Holdings, Inc.

    1,848      63,959

Newell Rubbermaid, Inc.

    8,471      128,759

NVR, Inc.*

    171      124,232

Pulte Group, Inc.*

    7,224      81,270
         
        1,786,632
         

Internet & Catalog Retail (1.9%)

      

Amazon.com, Inc.*

    141,432      19,196,565

Expedia, Inc.

    31,387      783,420

Netflix, Inc.*

    8,142    $ 600,391

priceline.com, Inc.*

    44,547      11,359,485
         
        31,939,861
         

Leisure Equipment & Products (0.1%)

      

Hasbro, Inc.

    14,028      536,992

Mattel, Inc.

    52,260      1,188,392
         
        1,725,384
         

Media (1.4%)

      

Comcast Corp., Class A

    34,194      643,531

CTC Media, Inc.

    6,371      109,709

DIRECTV, Class A*

    87,206      2,948,435

Discovery Communications, Inc., Class C*

    49,159      1,445,766

Interactive Data Corp.

    3,178      101,696

John Wiley & Sons, Inc., Class A

    8,502      367,967

McGraw-Hill Cos., Inc.

    59,661      2,126,915

Morningstar, Inc.*

    4,177      200,872

Omnicom Group, Inc.

    59,688      2,316,491

Regal Entertainment Group, Class A

    7,791      136,888

Scripps Networks Interactive, Inc., Class A

    9,832      436,049

Walt Disney Co.

    348,145      12,153,742

Warner Music Group Corp.*

    984      6,799
         
        22,994,860
         

Multiline Retail (0.8%)

      

Big Lots, Inc.*

    1,742      63,443

Dollar General Corp.*

    4,300      108,575

Dollar Tree, Inc.*

    16,944      1,003,424

Family Dollar Stores, Inc.

    26,368      965,332

Kohl’s Corp.*

    54,415      2,980,854

Nordstrom, Inc.

    31,822      1,299,929

Target Corp.

    142,093      7,474,092
         
        13,895,649
         

Specialty Retail (1.8%)

      

Aaron’s, Inc.

    9,000      300,060

Abercrombie & Fitch Co., Class A

    8,192      373,883

Advance Auto Parts, Inc.

    17,791      745,799

Aeropostale, Inc.*

    19,296      556,304

American Eagle Outfitters, Inc.

    32,017      592,955

AutoZone, Inc.*

    5,690      984,882

Barnes & Noble, Inc.

    1,438      31,090

Bed Bath & Beyond, Inc.*

    50,268      2,199,728

Best Buy Co., Inc.

    64,537      2,745,404

CarMax, Inc.*

    29,408      738,729

Chico’s FAS, Inc.

    31,235      450,409

Dick’s Sporting Goods, Inc.*

    16,178      422,408

Foot Locker, Inc.

    11,334      170,463

GameStop Corp., Class A*

    27,876      610,763

Gap, Inc.

    82,219      1,900,081

Guess?, Inc.

    11,684      548,914

Home Depot, Inc.

    18,528      599,381

Limited Brands, Inc.

    33,241      818,393

Lowe’s Cos., Inc.

    85,535      2,073,368

Office Depot, Inc.*

    10,279      82,026

O’Reilly Automotive, Inc.*

    25,509      1,063,980

Penske Automotive Group, Inc.*

    2,572      37,088

PetSmart, Inc.

    24,954      797,530

RadioShack Corp.

    3,102      70,198

Ross Stores, Inc.

    24,007      1,283,654

Sherwin-Williams Co.

    15,901      1,076,180

Staples, Inc.

    135,717      3,174,421

Tiffany & Co.

    21,347      1,013,769

TJX Cos., Inc.

    78,656      3,344,453

 

See Notes to Portfolio of Investments.

349

EQ ADVISORS TRUST

EQ/LARGE CAP GROWTH PLUS PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

 

     Number of
Shares		    Value
(Note 1)

Urban Outfitters, Inc.*

    25,310    $ 962,539

Williams-Sonoma, Inc.

    7,162      188,289
         
        29,957,141
         

Textiles, Apparel & Luxury Goods (0.6%)

      

Coach, Inc.

    60,187      2,378,590

Hanesbrands, Inc.*

    18,276      508,438

NIKE, Inc., Class B

    68,786      5,055,771

Phillips-Van Heusen Corp.

    6,249      358,443

Polo Ralph Lauren Corp.

    9,921      843,682

VF Corp.

    3,707      297,116
         
        9,442,040
         

Total Consumer Discretionary

         165,930,419
         

Consumer Staples (10.8%)

      

Beverages (2.5%)

      

Brown-Forman Corp., Class B

    14,629      869,694

Coca-Cola Co.

    344,903      18,969,665

Coca-Cola Enterprises, Inc.

    49,311      1,363,942

Hansen Natural Corp.*

    13,885      602,331

Molson Coors Brewing Co., Class B

   1,362      57,286

PepsiCo, Inc.

    306,825      20,299,542
         
        42,162,460
         

Food & Staples Retailing (2.7%)

      

BJ's Wholesale Club, Inc.*

    1,816      67,174

Costco Wholesale Corp.

    82,551      4,929,120

CVS Caremark Corp.

    82,389      3,012,142

Kroger Co.

    105,383      2,282,596

Sysco Corp.

    111,844      3,299,398

Walgreen Co.

    188,842      7,004,150

Wal-Mart Stores, Inc.

    419,815      23,341,714

Whole Foods Market, Inc.*

    20,231      731,350
         
        44,667,644
         

Food Products (1.2%)

      

Archer-Daniels-Midland Co.

    69,112      1,997,337

Campbell Soup Co.

    25,095      887,108

Dean Foods Co.*

    33,873      531,468

Flowers Foods, Inc.

    12,026      297,523

General Mills, Inc.

    25,473      1,803,234

Green Mountain Coffee Roasters, Inc.*

    7,006      678,321

H.J. Heinz Co.

    48,289      2,202,461

Hershey Co.

    16,829      720,450

Hormel Foods Corp.

    1,287      54,067

Kellogg Co.

    48,340      2,582,806

Kraft Foods, Inc., Class A

    45,600      1,378,944

McCormick & Co., Inc. (Non - Voting)

    24,437      937,403

Mead Johnson Nutrition Co., Class A

    116,564      6,064,825

Sara Lee Corp.

    32,370      450,914

Smithfield Foods, Inc.*

    3,500      72,590
         
        20,659,451
         

Household Products (2.3%)

      

Church & Dwight Co., Inc.

    13,206      884,142

Clorox Co.

    23,139      1,484,135

Colgate-Palmolive Co.

    94,948      8,095,266

Energizer Holdings, Inc.*

    10,937      686,406

Kimberly-Clark Corp.

    68,486      4,306,400

Procter & Gamble Co.

    361,650      22,881,596
         
        38,337,945
         

Personal Products (0.3%)

      

Alberto-Culver Co.

    13,630      356,425

Avon Products, Inc.

    81,790      2,770,227

Estee Lauder Cos., Inc., Class A

    20,804      1,349,555

Herbalife Ltd.

    12,360      570,043

NBTY, Inc.*

    6,970    $ 334,421
         
        5,380,671
         

Tobacco (1.8%)

      

Altria Group, Inc.

    390,822      8,019,668

Lorillard, Inc.

    26,222      1,972,943

Philip Morris International, Inc.

    372,365      19,422,558
         
        29,415,169
         

Total Consumer Staples

         180,623,340
         

Energy (3.9%)

      

Energy Equipment & Services (1.9%)

      

Atwood Oceanics, Inc.*

    9,512      329,400

Cameron International Corp.*

    42,664      1,828,579

Diamond Offshore Drilling, Inc.

    12,951      1,150,178

Dresser-Rand Group, Inc.*

    15,166      476,516

Exterran Holdings, Inc.*

    5,046      121,962

FMC Technologies, Inc.*

    24,303      1,570,703

Helmerich & Payne, Inc.

    6,203      236,210

Oceaneering International, Inc.*

    11,172      709,310

Patterson-UTI Energy, Inc.

    4,168      58,227

Pride International, Inc.*

    15,235      458,726

Rowan Cos., Inc.*

    3,770      109,745

Schlumberger Ltd.

    102,378      6,496,908

Seahawk Drilling, Inc.*

    1,016      19,152

Smith International, Inc.

    27,928      1,195,877

Transocean Ltd.*

    190,106      16,421,356
         
        31,182,849
         

Oil, Gas & Consumable Fuels (2.0%)

      

Alpha Natural Resources, Inc.*

    25,011      1,247,799

CNX Gas Corp.*

    5,128      195,120

Cobalt International Energy, Inc.*

    2,200      29,920

Comstock Resources, Inc.*

    682      21,688

Continental Resources, Inc.*

    2,756      117,268

El Paso Corp.

    36,633      397,102

EXCO Resources, Inc.

    23,068      423,990

Exxon Mobil Corp.

    237,598      15,914,314

Forest Oil Corp.*

    7,715      199,201

Frontier Oil Corp.

    15,895      214,583

Holly Corp.

    8,930      249,236

Mariner Energy, Inc.*

    17,108      256,107

Massey Energy Co.

    15,334      801,815

Peabody Energy Corp.

    52,997      2,421,963

Petrohawk Energy Corp.*

    56,816      1,152,229

Plains Exploration & Production Co.*

    14,201      425,888

Quicksilver Resources, Inc.*

    21,233      298,748

Range Resources Corp.

    4,320      202,478

Southwestern Energy Co.*

    217,445      8,854,360

St. Mary Land & Exploration Co.

    2,919      101,610

Teekay Corp.

    2,080      47,299

Tesoro Corp.

    8,153      113,327
         
        33,686,045
         

Total Energy

         64,868,894
         

Financials (8.3%)

      

Capital Markets (2.3%)

      

Affiliated Managers Group, Inc.*

    7,680      606,720

Ameriprise Financial, Inc.

    4,554      206,569

Bank of New York Mellon Corp.

    43,959      1,357,454

BlackRock, Inc.

    2,015      438,786

Charles Schwab Corp.

    181,536      3,392,908

Eaton Vance Corp.

    21,926      735,398

Federated Investors, Inc., Class B

    16,515      435,666

Franklin Resources, Inc.

    12,739      1,412,755

GLG Partners, Inc.*

    35,721      109,663

Goldman Sachs Group, Inc.

    95,154      16,236,127

 

See Notes to Portfolio of Investments.

350

EQ ADVISORS TRUST

EQ/LARGE CAP GROWTH PLUS PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Greenhill & Co., Inc.

    3,858    $ 316,703

Invesco Ltd.

    6,239      136,697

Investment Technology Group, Inc.*

    708      11,817

Janus Capital Group, Inc.

    31,256      446,648

Jefferies Group, Inc.

    16,488      390,271

Lazard Ltd., Class A

    14,941      533,394

Morgan Stanley

    57,752      1,691,556

Northern Trust Corp.

    44,835      2,477,582

SEI Investments Co.

    22,773      500,323

State Street Corp.

    49,682      2,242,645

T. Rowe Price Group, Inc.

    48,955      2,689,098

TD Ameritrade Holding Corp.*

    49,082      935,503

Waddell & Reed Financial, Inc., Class A

    16,171      582,803
         
        37,887,086
         

Commercial Banks (2.6%)

      

BOK Financial Corp.

    1,287      67,490

CapitalSource, Inc.

    1,359      7,597

Commerce Bancshares, Inc./Missouri

    2,850      117,249

ICICI Bank Ltd. (ADR)

    109,211      4,663,310

U.S. Bancorp

    541,580      14,016,090

Wells Fargo & Co.

    802,606      24,977,099
         
        43,848,835
         

Consumer Finance (0.9%)

      

American Express Co.

    338,941      13,984,706

AmeriCredit Corp.*

    5,144      122,221

Capital One Financial Corp.

    23,099      956,530

SLM Corp.*

    19,020      238,130
         
        15,301,587
         

Diversified Financial Services (1.2%)

      

CME Group, Inc.

    670      211,794

IntercontinentalExchange, Inc.*

    13,692      1,535,968

JPMorgan Chase & Co.

    343,909      15,389,928

Leucadia National Corp.*

    16,282      403,956

Moody’s Corp.

    35,244      1,048,509

MSCI, Inc., Class A*

    20,327      733,805

NASDAQ OMX Group, Inc.*

    12,522      264,465

NYSE Euronext

    11,363      336,458
         
        19,924,883
         

Insurance (0.8%)

      

Aflac, Inc.

    89,010      4,832,353

American International Group, Inc.*

    7,611      259,840

Arthur J. Gallagher & Co.

    17,471      428,913

Axis Capital Holdings Ltd.

    7,098      221,884

Brown & Brown, Inc.

    16,088      288,297

CNA Financial Corp.*

    2,346      62,685

Endurance Specialty Holdings Ltd.

    3,102      115,239

Erie Indemnity Co., Class A

    3,863      166,611

Fidelity National Financial, Inc., Class A

    3,206      47,513

Genworth Financial, Inc., Class A*

    37,439      686,631

Hanover Insurance Group, Inc.

    687      29,960

Lincoln National Corp.

    18,530      568,871

Marsh & McLennan Cos., Inc.

    7,336      179,145

Principal Financial Group, Inc.

    58,386      1,705,455

Progressive Corp.

    13,084      249,774

Prudential Financial, Inc.

    44,624      2,699,752

Reinsurance Group of America, Inc.

    1,060      55,671

Validus Holdings Ltd.

    1,172      32,265

W.R. Berkley Corp.

    8,275      215,895
         
        12,846,754
         

Real Estate Investment Trusts (REITs) (0.4%)

      

Alexandria Real Estate Equities, Inc. (REIT)

    1,590      107,484

Digital Realty Trust, Inc. (REIT)

    13,774    $ 746,551

Federal Realty Investment Trust (REIT)

    1,477      107,540

HCP, Inc. (REIT)

    20,904      689,832

Health Care REIT, Inc. (REIT)

    11,386      514,989

Nationwide Health Properties, Inc. (REIT)

    16,215      569,957

Plum Creek Timber Co., Inc. (REIT)

    10,908      424,430

Public Storage (REIT)

    25,860      2,378,861

Rayonier, Inc. (REIT)

    6,732      305,835

Simon Property Group, Inc. (REIT)

   19,313      1,620,361
         
        7,465,840
         

Real Estate Management & Development (0.1%)

      

CB Richard Ellis Group, Inc., Class A*

    48,434      767,679

St. Joe Co.*

    17,351      561,305
         
        1,328,984
         

Thrifts & Mortgage Finance (0.0%)

      

Capitol Federal Financial

    3,772      141,299

Hudson City Bancorp, Inc.

    45,154      639,381

TFS Financial Corp.

    3,900      52,065
         
        832,745
         

Total Financials

         139,436,714
         

Health Care (13.0%)

      

Biotechnology (2.6%)

      

Abraxis Bioscience, Inc.*

    1,124      58,167

Alexion Pharmaceuticals, Inc.*

    16,942      921,136

Amgen, Inc.*

    191,231      11,427,965

Amylin Pharmaceuticals, Inc.*

    26,334      592,252

Biogen Idec, Inc.*

    51,961      2,980,483

BioMarin Pharmaceutical, Inc.*

    18,810      439,590

Celgene Corp.*

    87,554      5,424,846

Cephalon, Inc.*

    13,665      926,214

Dendreon Corp.*

    25,907      944,828

Genzyme Corp.*

    51,623      2,675,620

Gilead Sciences, Inc.*

    316,467      14,392,919

Myriad Genetics, Inc.*

    17,924      431,072

OSI Pharmaceuticals, Inc.*

    10,891      648,559

Talecris Biotherapeutics Holdings Corp.*

    9,500      189,240

United Therapeutics Corp.*

    9,574      529,729

Vertex Pharmaceuticals, Inc.*

    36,793      1,503,730
         
        44,086,350
         

Health Care Equipment & Supplies (3.0%)

      

Baxter International, Inc.

    115,223      6,705,979

Beckman Coulter, Inc.

    13,026      818,033

Becton, Dickinson and Co.

    45,343      3,569,854

Boston Scientific Corp.*

    100,740      727,343

C.R. Bard, Inc.

    18,680      1,618,062

DENTSPLY International, Inc.

    27,867      971,165

Edwards Lifesciences Corp.*

    10,551      1,043,283

Gen-Probe, Inc.*

    9,309      465,450

Hill-Rom Holdings, Inc.

    4,717      128,350

Hologic, Inc.*

    4,753      88,121

Hospira, Inc.*

    30,170      1,709,130

IDEXX Laboratories, Inc.*

    12,090      695,779

Intuitive Surgical, Inc.*

    35,947      12,514,229

Inverness Medical Innovations, Inc.*

    6,796      264,704

Kinetic Concepts, Inc.*

    4,063      194,252

Medtronic, Inc.

    212,647      9,575,494

ResMed, Inc.*

    14,745      938,519

St. Jude Medical, Inc.*

    63,276      2,597,480

Stryker Corp.

    64,149      3,670,606

 

See Notes to Portfolio of Investments.

351

EQ ADVISORS TRUST

EQ/LARGE CAP GROWTH PLUS PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Teleflex, Inc.

    3,178    $ 203,614

Varian Medical Systems, Inc.*

    24,308      1,344,962
         
        49,844,409
         

Health Care Providers & Services (1.5%)

      

Aetna, Inc.

    18,061      634,122

AmerisourceBergen Corp.

    49,219      1,423,414

CIGNA Corp.

    3,345      122,360

Community Health Systems, Inc.*

    8,708      321,586

Coventry Health Care, Inc.*

    9,074      224,309

DaVita, Inc.*

    19,434      1,232,116

Emdeon, Inc., Class A*

    3,900      64,428

Express Scripts, Inc.*

    52,308      5,322,862

Health Management Associates, Inc., Class A*

    46,283      398,034

Henry Schein, Inc.*

    16,967      999,356

Humana, Inc.*

    11,668      545,712

Laboratory Corp. of America Holdings*

    20,397      1,544,257

Lincare Holdings, Inc.*

    11,233      504,137

McKesson Corp.

    24,963      1,640,568

Medco Health Solutions, Inc.*

    91,879      5,931,708

MEDNAX, Inc.*

    2,770      161,186

Omnicare, Inc.

    9,410      266,209

Patterson Cos., Inc.

    18,852      585,355

Quest Diagnostics, Inc.

    29,942      1,745,319

Tenet Healthcare Corp.*

    64,198      367,213

Universal Health Services, Inc., Class B

    1,212      42,529

VCA Antech, Inc.*

    15,923      446,322

WellPoint, Inc.*

    5,772      371,601
         
        24,894,703
         

Health Care Technology (0.1%)

      

Allscripts-Misys Healthcare Solutions, Inc.*

    11,723      229,302

Cerner Corp.*

    12,979      1,103,994
         
        1,333,296
         

Life Sciences Tools & Services (0.5%)

      

Bio-Rad Laboratories, Inc., Class A*

    3,631      375,881

Charles River Laboratories International, Inc.*

    8,253      324,426

Covance, Inc.*

    12,179      747,669

Illumina, Inc.*

    23,975      932,628

Life Technologies Corp.*

    29,064      1,519,175

Mettler-Toledo International, Inc.*

    7,009      765,383

Millipore Corp.*

    10,393      1,097,501

PerkinElmer, Inc.

    4,738      113,238

Pharmaceutical Product Development, Inc.

    21,192      503,310

Techne Corp.

    6,877      437,996

Thermo Fisher Scientific, Inc.*

    6,359      327,107

Waters Corp.*

    18,647      1,259,418
         
        8,403,732
         

Pharmaceuticals (5.3%)

      

Abbott Laboratories, Inc.

    293,198      15,445,671

Allergan, Inc.

    58,050      3,791,826

Bristol-Myers Squibb Co.

    177,663      4,743,602

Eli Lilly and Co.

    99,047      3,587,482

Johnson & Johnson

    578,570      37,722,764

Merck & Co., Inc.

    573,933      21,436,397

Mylan, Inc.*

    40,944      929,838

Perrigo Co.

    15,536      912,274

Valeant Pharmaceuticals International*

    12,782    $ 548,476
         
        89,118,330
         

Total Health Care

         217,680,820
         

Industrials (10.4%)

      
Aerospace & Defense (3.6%)      

Alliant Techsystems, Inc.*

    6,185      502,840

BE Aerospace, Inc.*

    8,785      267,503

Boeing Co.

    10,913      792,393

General Dynamics Corp.

    187,932      14,508,350

Goodrich Corp.

    186,080      13,122,362

Honeywell International, Inc.

    141,786      6,418,652

ITT Corp.

    3,409      182,756

Lockheed Martin Corp.

    58,138      4,838,244

Northrop Grumman Corp.

    5,717      374,864

Precision Castparts Corp.

    26,815      3,397,729

Raytheon Co.

    57,958      3,310,561

Rockwell Collins, Inc.

    29,764      1,862,929

Spirit AeroSystems Holdings, Inc., Class A*

    6,354      148,557

TransDigm Group, Inc.

    7,488      397,164

United Technologies Corp.

    145,247      10,691,632
         
        60,816,536
         

Air Freight & Logistics (1.4%)

      

C.H. Robinson Worldwide, Inc.

    32,609      1,821,213

Expeditors International of Washington, Inc.

    39,858      1,471,557

FedEx Corp.

    119,201      11,133,373

United Parcel Service, Inc., Class B

    130,445      8,401,963

UTi Worldwide, Inc.

    19,144      293,286
         
        23,121,392
         

Airlines (0.3%)

      

AMR Corp.*

    67,135      611,600

Continental Airlines, Inc., Class B*

    25,942      569,946

Copa Holdings S.A., Class A

    5,636      342,669

Delta Air Lines, Inc.*

    145,136      2,117,534

Southwest Airlines Co.

    43,412      573,906
         
        4,215,655
         

Building Products (0.1%)

      

Armstrong World Industries, Inc.*

    1,699      61,691

Lennox International, Inc.

    9,053      401,229

Masco Corp.

    31,764      492,977

Owens Corning, Inc.*

    7,035      178,970
         
        1,134,867
         

Commercial Services & Supplies (0.4%)

      

Avery Dennison Corp.

    3,934      143,237

Brink’s Co.

    8,558      241,592

Cintas Corp.

    4,463      125,366

Copart, Inc.*

    12,523      445,819

Corrections Corp. of America*

    2,447      48,597

Iron Mountain, Inc.

    33,867      927,956

KAR Auction Services, Inc.*

    1,100      16,566

R.R. Donnelley & Sons Co.

    9,908      211,536

Republic Services, Inc.

    19,195      557,039

Stericycle, Inc.*

    16,544      901,648

Waste Connections, Inc.*

    11,043      375,020

Waste Management, Inc.

    84,522      2,910,092
         
        6,904,468
         

Construction & Engineering (0.2%)

      

Aecom Technology Corp.*

    17,251      489,411

Fluor Corp.

    34,489      1,604,083

Jacobs Engineering Group, Inc.*

    23,501      1,062,010

Shaw Group, Inc.*

    12,797      440,473

 

See Notes to Portfolio of Investments.

352

EQ ADVISORS TRUST

EQ/LARGE CAP GROWTH PLUS PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

URS Corp.*

    1,501    $ 74,465
         
        3,670,442
         
Electrical Equipment (0.6%)      

A123 Systems, Inc.*

    5,600      76,944

AMETEK, Inc.

    20,153      835,543

Emerson Electric Co.

    142,525      7,174,709

First Solar, Inc.*

    9,653      1,183,940

Hubbell, Inc., Class B

    1,265      63,794

Rockwell Automation, Inc.

    2,690      151,608

Roper Industries, Inc.

    14,576      843,076

SunPower Corp., Class A*

    18,101      342,109

Thomas & Betts Corp.*

    3,178      124,705
         
        10,796,428
         
Industrial Conglomerates (0.7%)      

3M Co.

    131,447      10,985,026

Carlisle Cos., Inc.

    3,119      118,834

McDermott International, Inc.*

    42,928      1,155,621
         
        12,259,481
         
Machinery (1.2%)      

Bucyrus International, Inc.

    3,771      248,848

Caterpillar, Inc.

    57,393      3,607,150

Crane Co.

    4,766      169,193

Cummins, Inc.

    12,520      775,614

Danaher Corp.

    30,520      2,438,853

Deere & Co.

    19,663      1,169,162

Donaldson Co., Inc.

    15,278      689,343

Dover Corp.

    24,765      1,157,764

Flowserve Corp.

    10,514      1,159,379

Graco, Inc.

    5,114      163,648

Harsco Corp.

    14,397      459,840

IDEX Corp.

    8,965      296,742

Joy Global, Inc.

    17,626      997,632

Navistar International Corp.*

    12,799      572,499

PACCAR, Inc.

    64,406      2,791,356

Pall Corp.

    21,722      879,524

Pentair, Inc.

    5,144      183,229

Snap-On, Inc.

    2,951      127,896

Toro Co.

    7,279      357,909

Valmont Industries, Inc.

    5,246      434,526

WABCO Holdings, Inc.*

    11,821      353,684

Wabtec Corp.

    9,000      379,080
         
        19,412,871
         
Marine (0.0%)      

Kirby Corp.*

    2,065      78,780
         
Professional Services (0.2%)      

Dun & Bradstreet Corp.

    9,999      744,126

Equifax, Inc.

    18,508      662,586

FTI Consulting, Inc.*

    9,654      379,595

IHS, Inc., Class A*

    8,984      480,375

Robert Half International, Inc.

    28,695      873,189

Verisk Analytics, Inc., Class A*

    13,900      391,980
         
        3,531,851
         
Road & Rail (1.5%)      

Con-way, Inc.

    2,872      100,865

J.B. Hunt Transport Services, Inc.

    16,429      589,473

Kansas City Southern*

    7,805      282,307

Landstar System, Inc.

    11,182      469,420

Norfolk Southern Corp.

    8,159      456,006

Union Pacific Corp.

    326,473      23,930,471
         
        25,828,542
         
Trading Companies & Distributors (0.2%)      

Fastenal Co.

    24,852      1,192,648

GATX Corp.

    3,802      108,927

MSC Industrial Direct Co., Class A

    8,433    $ 427,722

W.W. Grainger, Inc.

    11,520      1,245,542

WESCO International, Inc.*

    4,172      144,810
         
        3,119,649
         

Total Industrials

         174,890,962
         

Information Technology (26.5%)

      
Communications Equipment (3.5%)      

Brocade Communications Systems, Inc.*

    30,667      175,108

Ciena Corp.*

    1,862      28,377

Cisco Systems, Inc.*

    1,545,764      40,236,237

F5 Networks, Inc.*

    15,468      951,437

Harris Corp.

    19,489      925,533

JDS Uniphase Corp.*

    20,632      258,519

Juniper Networks, Inc.*

    99,865      3,063,858

Motorola, Inc.*

    21,230      149,035

QUALCOMM, Inc.

    311,375      13,074,636
         
        58,862,740
         
Computers & Peripherals (7.7%)      

Apple, Inc.*

    278,941      65,531,609

Dell, Inc.*

    326,655      4,903,092

Diebold, Inc.

    10,617      337,196

EMC Corp.*

    39,311      709,170

Hewlett-Packard Co.

    350,819      18,646,030

International Business Machines Corp.

    251,082      32,201,266

NCR Corp.*

    32,682      451,012

NetApp, Inc.*

    63,720      2,074,723

QLogic Corp.*

    22,311      452,913

SanDisk Corp.*

    19,463      674,004

Seagate Technology*

    82,333      1,503,401

Teradata Corp.*

    28,064      810,769

Western Digital Corp.*

    37,691      1,469,572
         
        129,764,757
         
Electronic Equipment, Instruments & Components (0.8%)      

Agilent Technologies, Inc.*

    65,048      2,237,001

Amphenol Corp., Class A

    32,230      1,359,784

Arrow Electronics, Inc.*

    9,288      279,847

Avnet, Inc.*

    9,496      284,880

AVX Corp.

    4,128      58,618

Corning, Inc.

    250,393      5,060,442

Dolby Laboratories, Inc., Class A*

    9,533      559,301

FLIR Systems, Inc.*

    29,278      825,640

Itron, Inc.*

    6,961      505,160

Jabil Circuit, Inc.

    17,594      284,847

Molex, Inc.

    2,130      44,432

National Instruments Corp

    11,635      388,027

Trimble Navigation Ltd.*

    22,796      654,701

Vishay Intertechnology, Inc.*

    7,488      76,602
         
        12,619,282
         
Internet Software & Services (3.6%)      

Akamai Technologies, Inc.*

    32,425      1,018,469

Baidu, Inc. (ADR)*

    18,766      11,203,302

eBay, Inc.*

    48,897      1,317,774

Equinix, Inc.*

    7,151      696,078

Google, Inc., Class A*

    70,639      40,053,020

IAC/InterActiveCorp*

    6,019      136,872

Monster Worldwide, Inc.*

    13,885      230,630

Sohu.com, Inc.*

    6,318      344,963

VeriSign, Inc.*

    36,135      939,871

WebMD Health Corp.*

    10,300      477,714

Yahoo!, Inc.*

    211,651      3,498,591
         
        59,917,284
         

 

See Notes to Portfolio of Investments.

353

EQ ADVISORS TRUST

EQ/LARGE CAP GROWTH PLUS PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)
IT Services (3.3%)      

Alliance Data Systems Corp.*

    10,270    $ 657,177

Amdocs Ltd.*

    5,139      154,735

Automatic Data Processing, Inc.

    95,307      4,238,302

Broadridge Financial Solutions, Inc.

    16,341      349,371

Cognizant Technology Solutions Corp., Class A*

    55,951      2,852,382

Convergys Corp.*

    4,600      56,396

DST Systems, Inc.

    5,992      248,368

Fidelity National Information Services, Inc.

    39,683      930,170

Fiserv, Inc.*

    29,246      1,484,527

Genpact Ltd.*

    11,717      196,494

Global Payments, Inc.

    15,075      686,666

Hewitt Associates, Inc., Class A*

    15,676      623,591

Lender Processing Services, Inc.

    17,943      677,348

Mastercard, Inc., Class A

    65,753      16,701,262

NeuStar, Inc., Class A*

    13,568      341,914

Paychex, Inc.

    60,386      1,853,850

SAIC, Inc.*

    55,614      984,368

Total System Services, Inc.

    21,922      343,299

Visa, Inc., Class A

    210,281      19,141,879

Western Union Co.

    134,305      2,277,813
         
        54,799,912
         
Office Electronics (0.0%)      

Xerox Corp.

    53,100      517,725

Zebra Technologies Corp., Class A*

   9,851      291,590
         
        809,315
         
Semiconductors & Semiconductor Equipment (2.5%)      

Advanced Micro Devices, Inc.*

    55,278      512,427

Altera Corp.

    55,196      1,341,815

Analog Devices, Inc.

    55,273      1,592,968

Broadcom Corp., Class A

    93,183      3,091,812

Cree, Inc.*

    19,821      1,391,831

Cypress Semiconductor Corp.*

    25,626      294,699

Integrated Device Technology, Inc.*

    10,310      63,200

Intel Corp.

    649,266      14,452,661

International Rectifier Corp.*

    6,008      137,583

Intersil Corp., Class A

    11,394      168,175

Lam Research Corp.*

    23,733      885,716

Linear Technology Corp.

    41,732      1,180,181

Marvell Technology Group Ltd.*

    86,105      1,754,820

Maxim Integrated Products, Inc.

    48,026      931,224

MEMC Electronic Materials, Inc.*

    43,084      660,478

Microchip Technology, Inc.

    31,288      881,070

Micron Technology, Inc.*

    30,841      320,438

National Semiconductor Corp.

    42,339      611,799

Novellus Systems, Inc.*

    11,102      277,550

NVIDIA Corp.*

    102,583      1,782,892

ON Semiconductor Corp.*

    82,354      658,832

Rambus, Inc.*

    19,648      429,309

Silicon Laboratories, Inc.*

    8,416      401,191

Teradyne, Inc.*

    32,480      362,802

Texas Instruments, Inc.

    242,622      5,936,960

Varian Semiconductor Equipment Associates, Inc.*

    14,011      464,044

Xilinx, Inc.

    51,569      1,315,009
         
        41,901,486
         
Software (5.1%)      

Activision Blizzard, Inc.

    61,037      736,106

Adobe Systems, Inc.*

    100,097      3,540,431

ANSYS, Inc.*

    16,489      711,335

Autodesk, Inc.*

    29,028      854,004

BMC Software, Inc.*

    35,527      1,350,026

CA, Inc.

    56,978    $ 1,337,274

Cadence Design Systems, Inc.*

    55,462      369,377

Citrix Systems, Inc.*

    33,978      1,612,936

Electronic Arts, Inc.*

    61,273      1,143,354

FactSet Research Systems, Inc.

    7,982      585,639

Intuit, Inc.*

    61,253      2,103,428

McAfee, Inc.*

    29,207      1,172,077

MICROS Systems, Inc.*

    16,527      543,408

Microsoft Corp.

    1,461,491      42,777,842

Novell, Inc.*

    34,841      208,698

Nuance Communications, Inc.*

    37,599      625,647

Oracle Corp.

    722,660      18,565,135

Red Hat, Inc.*

    35,455      1,037,768

Rovi Corp.*

    13,160      488,631

Salesforce.com, Inc.*

    20,316      1,512,526

Sybase, Inc.*

    15,656      729,883

Symantec Corp.*

    155,796      2,636,068

Synopsys, Inc.*

    16,942      378,992

VMware, Inc., Class A*

    9,614      512,426
         
        85,533,011
         

Total Information Technology

         444,207,787
         

Materials (6.2%)

      
Chemicals (4.2%)      

Air Products & Chemicals, Inc.

    13,600      1,005,720

Albemarle Corp.

    973      41,479

Ashland, Inc.

    1,362      71,873

Celanese Corp., Class A

    28,776      916,515

CF Industries Holdings, Inc.

    7,965      726,249

Dow Chemical Co.

    947,619      28,021,094

E.I. du Pont de Nemours & Co.

    54,892      2,044,178

Ecolab, Inc.

    44,848      1,971,069

FMC Corp.

    11,618      703,354

International Flavors & Fragrances, Inc.

    14,301      681,729

Intrepid Potash, Inc.*

    8,499      257,775

Lubrizol Corp.

    11,043      1,012,864

Monsanto Co.

    103,493      7,391,470

Mosaic Co.

    29,705      1,805,173

Nalco Holding Co.

    25,955      631,485

Potash Corp. of Saskatchewan, Inc.

    49,594      5,919,044

Praxair, Inc.

    191,937      15,930,771

RPM International, Inc.

    12,707      271,167

Scotts Miracle-Gro Co., Class A

    8,371      387,996

Sigma-Aldrich Corp.

    22,936      1,230,746

Terra Industries, Inc.

    12,837      587,421

Valhi, Inc.

    152      2,991
         
        71,612,163
         
Construction Materials (0.0%)      

Eagle Materials, Inc.

    8,227      218,344

Martin Marietta Materials, Inc.

    3,212      268,363
         
        486,707
         
Containers & Packaging (0.2%)      

Ball Corp.

    13,746      733,762

Crown Holdings, Inc.*

    34,431      928,260

Owens-Illinois, Inc.*

    25,732      914,515

Packaging Corp. of America

    1,907      46,931

Pactiv Corp.*

    21,470      540,615
         
        3,164,083
         
Metals & Mining (1.8%)      

Alcoa, Inc.

    84,710      1,206,270

BHP Billiton plc (ADR)

    250,522      17,143,221

Cliffs Natural Resources, Inc.

    3,571      253,363

Compass Minerals International, Inc.

    3,254      261,068

 

See Notes to Portfolio of Investments.

354

EQ ADVISORS TRUST

EQ/LARGE CAP GROWTH PLUS PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Freeport-McMoRan Copper & Gold, Inc.

      48,542    $ 4,055,199

Newmont Mining Corp.

      90,014      4,584,413

Royal Gold, Inc.

      1,967      90,895

Schnitzer Steel Industries, Inc., Class A

      4,978      261,494

Southern Copper Corp.

      27,752      878,906

Walter Energy, Inc.

      11,131      1,027,057
         
        29,761,886
         

Total Materials

         105,024,839
         

Telecommunication Services (0.4%)

      
Diversified Telecommunication Services (0.1%)      

Frontier Communications Corp.

      50,205      373,525

Windstream Corp.

      40,801      444,323
         
        817,848
         
Wireless Telecommunication Services (0.3%)      

American Tower Corp., Class A*

      75,895      3,233,886

Crown Castle International Corp.*

      19,648      751,143

Leap Wireless International, Inc.*

      9,208      150,643

MetroPCS Communications, Inc.*

      46,454      328,894

NII Holdings, Inc.*

      1,645      68,531

SBA Communications Corp., Class A*

      22,783      821,783
         
        5,354,880
         

Total Telecommunication Services

         6,172,728
         

Utilities (0.5%)

      
Electric Utilities (0.2%)      

Allegheny Energy, Inc.

      19,462      447,626

DPL, Inc.

      2,774      75,425

Exelon Corp.

      9,150      400,861

FPL Group, Inc.

      8,735      422,163

ITC Holdings Corp.

      9,379      515,845

NV Energy, Inc.

      14,481      178,551

PPL Corp.

      71,496      1,981,154
         
        4,021,625
         
Gas Utilities (0.1%)      

EQT Corp.

      25,996      1,065,836
         
Independent Power Producers & Energy Traders (0.1%)      

AES Corp.*

      100,896      1,109,856

Calpine Corp.*

      34,054      404,902

Constellation Energy Group, Inc.

      28,880      1,013,977

Ormat Technologies, Inc.

      3,707      104,315
         
        2,633,050
         
Multi-Utilities (0.1%)      

CenterPoint Energy, Inc.

      61,764      886,931

Integrys Energy Group, Inc.

      3,178      150,573
         
        1,037,504
         

Total Utilities

         8,758,015
         

Total Common Stocks (89.9%)
(Cost $1,124,967,748)

         1,507,594,518
         

INVESTMENT COMPANIES:

      
Exchange Traded Funds (ETFs)(8.9%)      

iShares Morningstar Large Core Index Fund

      16,923      1,135,703

iShares Morningstar Large Growth Index Fund

      804,865      48,493,116

iShares Morningstar Large Value Index Fund

      162,568    $ 9,121,690

iShares NYSE 100 Index Fund

      11,194      641,528

iShares Russell 1000 Growth Index Fund

      651,618      33,851,555

iShares Russell 1000 Index Fund

      42,225      2,728,580

iShares Russell 1000 Value Index Fund

      49,890      3,046,782

iShares S&P 100 Index Fund

      4,487      240,413

iShares S&P 500 Growth Index Fund.

      743,650      44,559,508

iShares S&P 500 Index Fund

      17,879      2,097,922

iShares S&P 500 Value Index Fund

      72,004      4,065,346
         

Total Investment Companies (8.9%)
(Cost $120,876,697)

         149,982,143
         
     Principal
Amount		    Value
(Note 1)

SHORT-TERM INVESTMENT:

      

Time Deposit (0.9%)

      

JPMorgan Chase Nassau

      

0.000%, 4/1/10

      

(Amortized Cost $14,508,627)

    $ 14,508,627      14,508,627
         

Total Investments (99.7%)
(Cost/Amortized Cost $1,260,353,072)

         1,672,085,288

Other Assets Less Liabilities (0.3%)

         5,576,597
         

Net Assets (100%)

       $ 1,677,661,885
         

 

* Non-income producing.

Glossary:

ADR — American Depositary Receipt

 

See Notes to Portfolio of Investments.

355

EQ ADVISORS TRUST

EQ/LARGE CAP GROWTH PLUS PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

At March 31, 2010, the Portfolio had the following futures contracts open: (Note 1)

 

Purchases

    Number of
Contracts		    Expiration
Date		    Original
Value		    Value at
3/31/2010		    Unrealized
Appreciation/
(Depreciation)

NASDAQ 100 E-Mini Index

    55    June-10    $ 2,121,465    $ 2,151,325    $ 29,860

S&P 500 E-Mini Index

    149    June-10      8,540,858      8,680,740      139,882
                  
               $ 169,742
                  

The following is a summary of the inputs used to value the Portfolio’s assets and liabilities carried at fair value as of March 31, 2010:

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, money market securities are valued using amortized cost, in accordance with rules under the Investment Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active market, such securities are reflected as Level 2.

Various inputs are used in determining the value of the Portfolio’s investments. These inputs are summarized in the three broad levels listed below:

 

Investment Type

    Level 1
Quoted prices in active
markets for identical
securities		    Level 2
Significant other
observable inputs
(including quoted prices
for similar securities,
interest rates,
prepayment speeds,
credit risk, etc.)		    Level 3
Significant unobservable
inputs (including the
Portfolio’s own
assumptions in
determining the fair
value of investments)		    Total

Assets:

            

Common Stocks

            

Consumer Discretionary

    $ 165,930,419    $ —      $ —      $ 165,930,419

Consumer Staples

      180,623,340      —        —        180,623,340

Energy

      64,868,894      —        —        64,868,894

Financials

      139,436,714      —        —        139,436,714

Health Care

      217,680,820      —        —        217,680,820

Industrials

      174,890,962      —        —        174,890,962

Information Technology

      444,207,787      —        —        444,207,787

Materials

      105,024,839      —        —        105,024,839

Telecommunication Services

      6,172,728      —        —        6,172,728

Utilities

      8,758,015      —        —        8,758,015

Futures

      169,742      —        —        169,742

Investment Companies

            

Exchange Traded Funds (ETFs)

      149,982,143      —        —        149,982,143

Short-Term Investments

      —        14,508,627      —        14,508,627
                           

Total Assets

    $ 1,657,746,403    $ 14,508,627    $ —      $ 1,672,255,030
                           

Total Liabilities

    $ —      $ —      $ —      $ —  
                           

Total

    $ 1,657,746,403    $ 14,508,627    $ —      $ 1,672,255,030
                           

Investment security transactions for the three months ended March 31, 2010 were as follows:

 

Cost of Purchases:

   

Stocks and long-term corporate debt securities

    $ 122,248,784

Net Proceeds of Sales and Redemptions:

   

Stocks and long-term corporate debt securities

    $ 130,258,620

As of March 31, 2010, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investments for Federal income tax purposes was as follows:

 

Aggregate gross unrealized appreciation

    $ 344,671,975   

Aggregate gross unrealized depreciation

      (8,425,096 ) 
        

Net unrealized appreciation

    $ 336,246,879   
        

Federal income tax cost of investments

    $ 1,335,838,409   
        

 

See Notes to Portfolio of Investments.

356

EQ ADVISORS TRUST

EQ/LARGE CAP GROWTH PLUS PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

The Portfolio has a net capital loss carryforward of $1,104,720,226 of which $430,153,032 expires in the year 2010, $51,610,054 expires in the year 2011, $58,268,818 expires in the year 2016, and $564,688,322 expires in the year 2017.

 

See Notes to Portfolio of Investments.

357

EQ ADVISORS TRUST

EQ/LARGE CAP VALUE INDEX PORTFOLIO

PORTFOLIO OF INVESTMENTS

March 31, 2010 (Unaudited)

 

 

     Number of
Shares		    Value
(Note 1)

COMMON STOCKS:

      

Consumer Discretionary (10.5%)

      
Auto Components (0.3%)      

Autoliv, Inc.*

    1,954    $ 100,689

BorgWarner, Inc.*

    194      7,407

Federal Mogul Corp.*

    278      5,104

Johnson Controls, Inc.

    7,026      231,788

TRW Automotive Holdings Corp.*

    900      25,722
         
        370,710
         
Automobiles (0.8%)      

Ford Motor Co.*

    75,281      946,282

Harley-Davidson, Inc.

    5,257      147,564

Motors Liquidation Co.*

    1,950      1,114

Thor Industries, Inc.

    410      12,386
         
        1,107,346
         
Distributors (0.1%)      

Genuine Parts Co.

    3,601      152,106
         
Diversified Consumer Services (0.1%)      

Career Education Corp.*

    65      2,057

Education Management Corp.*

    300      6,570

Hillenbrand, Inc.

    827      18,186

Service Corp. International

    5,375      49,342

Weight Watchers International, Inc.

    644      16,441
         
        92,596
         
Hotels, Restaurants & Leisure (0.7%)      

Boyd Gaming Corp.*

    1,185      11,708

Carnival Corp.

    5,514      214,384

Choice Hotels International, Inc.

    494      17,196

Hyatt Hotels Corp., Class A*

    400      15,584

International Game Technology

    1,091      20,129

International Speedway Corp., Class A

    599      15,436

Las Vegas Sands Corp.*

    1,596      33,755

Marriott International, Inc., Class A

   3,617      114,008

MGM MIRAGE*

    2,252      27,024

Penn National Gaming, Inc.*

    1,480      41,144

Royal Caribbean Cruises Ltd.*

    2,040      67,300

Starwood Hotels & Resorts Worldwide, Inc.

    3,574      166,691

Wendy’s/Arby’s Group, Inc., Class A

    4,731      23,655

Wyndham Worldwide Corp.

    2,183      56,169

Wynn Resorts Ltd.

    1,512      114,655
         
        938,838
         
Household Durables (0.9%)      

D.R. Horton, Inc.

    6,450      81,270

Fortune Brands, Inc.

    3,449      167,311

Garmin Ltd.

    470      18,086

Harman International Industries, Inc.*

    762      35,646

Jarden Corp.

    2,065      68,744

KB Home

    1,557      26,080

Leggett & Platt, Inc.

    1,252      27,093

Lennar Corp., Class A

    3,722      64,056

M.D.C. Holdings, Inc.

    502      17,374

Mohawk Industries, Inc.*

    1,280      69,606

Newell Rubbermaid, Inc.

    5,368      81,593

NVR, Inc.*

    126      91,539

Pulte Group, Inc.*

    7,039      79,189

Stanley Black & Decker, Inc.

    3,551      203,863

Toll Brothers, Inc.*

    3,237      67,330

Whirlpool Corp.

    1,657      144,573
         
        1,243,353
         
Internet & Catalog Retail (0.2%)      

Expedia, Inc.

    393      9,810

Liberty Media Corp. - Interactive, Class A*

    13,381    $ 204,863
         
        214,673
         
Leisure Equipment & Products (0.1%)      

Hasbro, Inc.

    1,131      43,295

Mattel, Inc.

    1,975      44,911
         
        88,206
         
Media (5.1%)      

Cablevision Systems Corp. - New York Group, Class A

    5,380      129,873

CBS Corp., Class B

    13,653      190,323

Central European Media Enterprises Ltd., Class A*

    747      21,895

Clear Channel Outdoor Holdings, Inc., Class A*

    838      8,891

Comcast Corp., Class A

    60,408      1,136,879

DIRECTV, Class A*

    11,925      403,184

Discovery Communications, Inc., Class C*

    451      13,264

DISH Network Corp., Class A

    4,484      93,357

DreamWorks Animation SKG, Inc., Class A*

    1,586      62,473

Gannett Co., Inc.

    5,414      89,439

Interactive Data Corp.

    425      13,600

Interpublic Group of Cos., Inc.*

    11,186      93,067

Lamar Advertising Co., Class A*

    1,252      43,006

Liberty Global, Inc., Class A*

    6,056      176,593

Liberty Media Corp. - Starz*

    1,162      63,538

Liberty Media Corp., Capital Series, Class A*

    1,770      64,375

Madison Square Garden, Inc., Class A*

    1,345      29,227

Meredith Corp.

    724      24,913

New York Times Co., Class A*

    2,056      22,883

News Corp., Class A

    52,124      751,107

Regal Entertainment Group, Class A

    865      15,198

Scripps Networks Interactive, Inc., Class A

    808      35,835

Time Warner Cable, Inc.

    8,046      428,932

Time Warner, Inc.

    27,384      856,298

Viacom, Inc., Class B*

    12,459      428,340

Virgin Media, Inc.

    6,599      113,899

Walt Disney Co.

    43,065      1,503,399

Warner Music Group Corp.*

    889      6,143

Washington Post Co., Class B

    144      63,962
         
        6,883,893
         
Multiline Retail (0.5%)      

Big Lots, Inc.*

    1,741      63,407

Dollar General Corp.*

    400      10,100

J.C. Penney Co., Inc.

    5,108      164,325

Kohl’s Corp.*

    419      22,953

Macy’s, Inc.

    9,634      209,732

Sears Holdings Corp.*

    1,191      129,140
         
        599,657
         
Specialty Retail (1.6%)      

Abercrombie & Fitch Co., Class A

    1,020      46,553

AutoNation, Inc.*

    1,372      24,806

Barnes & Noble, Inc.

    583      12,604

CarMax, Inc.*

    1,367      34,339

Chico’s FAS, Inc.

    400      5,768

Foot Locker, Inc.

    1,881      28,290

GameStop Corp., Class A*

    448      9,816

Gap, Inc.

    1,187      27,432

 

See Notes to Portfolio of Investments.

358

EQ ADVISORS TRUST

EQ/LARGE CAP VALUE INDEX PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

 

     Number of
Shares		    Value
(Note 1)

Home Depot, Inc.

    35,974    $ 1,163,759

Limited Brands, Inc.

    1,864      45,892

Lowe’s Cos., Inc.

    23,104      560,041

Office Depot, Inc.*

    4,801      38,312

Penske Automotive Group, Inc.*

    570      8,219

RadioShack Corp.

    2,622      59,336

Sherwin-Williams Co.

    300      20,304

Signet Jewelers Ltd.*

    2,008      64,939

Tiffany & Co.

    197      9,355

Williams-Sonoma, Inc.

    1,200      31,548
         
        2,191,313
         
Textiles, Apparel & Luxury Goods (0.1%)      

Phillips-Van Heusen Corp.

    380      21,797

Polo Ralph Lauren Corp.

    91      7,738

VF Corp.

    1,572      125,996
         
        155,531
         

Total Consumer Discretionary

         14,038,222
         

Consumer Staples (5.4%)

      
Beverages (0.8%)      

Brown-Forman Corp., Class B

    342      20,332

Central European Distribution Corp.*

    1,378      48,244

Coca-Cola Co.

    11,317      622,435

Coca-Cola Enterprises, Inc.

    1,030      28,490

Constellation Brands, Inc., Class A*

   4,240      69,705

Dr. Pepper Snapple Group, Inc.

    5,723      201,278

Molson Coors Brewing Co., Class B

   2,710      113,983
         
        1,104,467
         
Food & Staples Retailing (0.9%)      

BJ’s Wholesale Club, Inc.*

    961      35,547

CVS Caremark Corp.

    23,119      845,231

Kroger Co.

    2,267      49,103

Rite Aid Corp.*

    12,512      18,768

Safeway, Inc.

    8,794      218,619

SUPERVALU, Inc.

    4,713      78,613

Whole Foods Market, Inc.*

    557      20,135
         
        1,266,016
         
Food Products (2.3%)      

Archer-Daniels-Midland Co.

    6,344      183,342

Bunge Ltd.

    3,072      189,327

Campbell Soup Co.

    1,437      50,798

ConAgra Foods, Inc.

    10,131      253,984

Corn Products International, Inc.

    1,635      56,669

Del Monte Foods Co.

    4,271      62,357

Flowers Foods, Inc.

    332      8,214

General Mills, Inc.

    4,434      313,883

H.J. Heinz Co.

    1,354      61,756

Hershey Co.

    1,479      63,316

Hormel Foods Corp.

    1,394      58,562

J.M. Smucker Co.

    2,721      163,967

Kraft Foods, Inc., Class A

    33,685      1,018,634

Mead Johnson Nutrition Co., Class A

    2,374      123,519

Ralcorp Holdings, Inc.*

    1,284      87,030

Sara Lee Corp.

    12,202      169,974

Smithfield Foods, Inc.*

    2,803      58,134

Tyson Foods, Inc., Class A

    6,822      130,641
         
        3,054,107
         
Household Products (1.2%)      

Clorox Co.

    360      23,090

Energizer Holdings, Inc.*

    242      15,188

Kimberly-Clark Corp.

    1,263      79,417

Procter & Gamble Co.

    22,902      1,449,010
         
        1,566,705
         
Personal Products (0.0%)      

Alberto-Culver Co.

    304    $ 7,950

NBTY, Inc.*

    388      18,616
         
        26,566
         
Tobacco (0.2%)      

Lorillard, Inc.

    441      33,181

Reynolds American, Inc.

    3,792      204,692
         
        237,873
         

Total Consumer Staples

         7,255,734
         

Energy (17.3%)

      
Energy Equipment & Services (2.4%)      

Atwood Oceanics, Inc.*

    181      6,268

Baker Hughes, Inc.

    7,012      328,442

BJ Services Co.

    6,540      139,956

Cameron International Corp.*

    400      17,144

Exterran Holdings, Inc.*

    718      17,354

Halliburton Co.

    20,573      619,864

Helix Energy Solutions Group, Inc.*

    2,183      28,445

Helmerich & Payne, Inc.

    1,621      61,728

Nabors Industries Ltd.*

    6,443      126,476

National Oilwell Varco, Inc.

    9,566      388,188

Oil States International, Inc.*

    1,089      49,375

Patterson-UTI Energy, Inc.

    2,809      39,242

Pride International, Inc.*

    2,016      60,702

Rowan Cos., Inc.*

    2,166      63,052

Schlumberger Ltd.

    14,893      945,110

SEACOR Holdings, Inc.*

    538      43,395

Seahawk Drilling, Inc.*

    95      1,791

Smith International, Inc.

    2,275      97,416

Superior Energy Services, Inc.*

    1,666      35,019

Tidewater, Inc.

    1,164      55,022

Unit Corp.*

    862      36,445
         
        3,160,434
         
Oil, Gas & Consumable Fuels (14.9%)      

Anadarko Petroleum Corp.

    11,404      830,553

Apache Corp.

    7,638      775,257

Arch Coal, Inc.

    3,794      86,693

Cabot Oil & Gas Corp.

    2,334      85,891

Chesapeake Energy Corp.

    14,153      334,577

Chevron Corp.

    45,557      3,454,587

Cimarex Energy Co.

    1,927      114,425

Cobalt International Energy, Inc.*

    1,000      13,600

Comstock Resources, Inc.*

    952      30,274

Concho Resources, Inc.*

    1,889      95,130

ConocoPhillips

    33,642      1,721,461

Continental Resources, Inc.*

    367      15,616

Denbury Resources, Inc.*

    8,884      149,873

Devon Energy Corp.

    10,094      650,356

El Paso Corp.

    11,272      122,188

EOG Resources, Inc.

    5,711      530,780

EXCO Resources, Inc.

    309      5,679

Exxon Mobil Corp.

    82,248      5,508,971

Forest Oil Corp.*

    1,496      38,627

Frontier Oil Corp.

    483      6,521

Frontline Ltd.

    1,081      33,111

Hess Corp.

    6,701      419,148

Marathon Oil Corp.

    16,283      515,194

Mariner Energy, Inc.*

    272      4,072

Massey Energy Co.

    412      21,543

Murphy Oil Corp.

    4,298      241,505

Newfield Exploration Co.*

    2,958      153,964

Noble Energy, Inc.

    3,972      289,956

Occidental Petroleum Corp.

    18,479      1,562,215

Overseas Shipholding Group, Inc.

    559      21,930

 

See Notes to Portfolio of Investments.

359

EQ ADVISORS TRUST

EQ/LARGE CAP VALUE INDEX PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Pioneer Natural Resources Co.

    2,601    $ 146,488

Plains Exploration & Production Co.*

    1,361      40,816

Range Resources Corp.

    3,050      142,954

SandRidge Energy, Inc.*

    3,476      26,765

Southern Union Co.

    2,477      62,842

Spectra Energy Corp.

    14,559      328,014

St. Mary Land & Exploration Co.

    1,174      40,867

Sunoco, Inc.

    2,741      81,435

Teekay Corp.

    524      11,916

Tesoro Corp.

    1,809      25,145

Valero Energy Corp.

    12,788      251,924

Whiting Petroleum Corp.*

    1,126      91,026

Williams Cos., Inc.

    13,104      302,702

XTO Energy, Inc.

    13,215      623,484
         
        20,010,075
         

Total Energy

         23,170,509
         

Financials (25.7%)

      
Capital Markets (3.1%)      

Ameriprise Financial, Inc.

    5,299      240,363

Bank of New York Mellon Corp.

    21,768      672,196

BlackRock, Inc.

    432      94,072

Federated Investors, Inc., Class B

    197      5,197

Franklin Resources, Inc.

    1,864      206,718

Goldman Sachs Group, Inc.

    10,756      1,835,296

Invesco Ltd.

    8,879      194,539

Investment Technology Group, Inc.*

    817      13,636

Janus Capital Group, Inc.

    515      7,359

Jefferies Group, Inc.

    565      13,373

Legg Mason, Inc.

    3,676      105,391

Morgan Stanley

    23,877      699,357

Raymond James Financial, Inc.

    2,135      57,090
         
        4,144,587
         
Commercial Banks (5.7%)      

Associated Banc-Corp.

    3,921      54,110

BancorpSouth, Inc.

    1,837      38,504

Bank of Hawaii Corp.

    1,062      47,737

BB&T Corp.

    15,778      511,049

BOK Financial Corp.

    253      13,267

CapitalSource, Inc.

    4,407      24,635

City National Corp./California

    985      53,160

Comerica, Inc.

    4,045      153,872

Commerce Bancshares, Inc./Missouri

    957      39,371

Cullen/Frost Bankers, Inc.

    1,167      65,119

Fifth Third Bancorp

    18,385      249,852

First Citizens BancShares, Inc./North Carolina, Class A

    144      28,621

First Horizon National Corp.*

    4,639      65,172

Fulton Financial Corp.

    3,812      38,844

Huntington Bancshares, Inc./Ohio

    16,793      90,178

KeyCorp.

    20,407      158,154

M&T Bank Corp.

    1,755      139,312

Marshall & Ilsley Corp.

    12,246      98,580

PNC Financial Services Group, Inc.

    11,818      705,535

Popular, Inc.*

    13,779      40,097

Regions Financial Corp.

    25,985      203,982

SunTrust Banks, Inc.

    11,312      303,049

Synovus Financial Corp.

    8,139      26,777

TCF Financial Corp.

    3,108      49,542

U.S. Bancorp

    43,370      1,122,416

Valley National Bancorp

    3,621      55,655

Wells Fargo & Co.

    100,224      3,118,971

Whitney Holding Corp./Louisiana

    2,126      29,318

Wilmington Trust Corp.

    2,048      33,935

Zions Bancorp

    3,345    $ 72,988
         
        7,631,802
         
Consumer Finance (1.0%)      

American Express Co.

    18,994      783,692

AmeriCredit Corp.*

    1,313      31,197

Capital One Financial Corp.

    7,311      302,749

Discover Financial Services

    12,205      181,855

SLM Corp.*

    8,495      106,357

Student Loan Corp.

    136      4,832
         
        1,410,682
         
Diversified Financial Services (7.8%)      

Bank of America Corp.

    226,022      4,034,493

Citigroup, Inc.*

    429,711      1,740,330

CME Group, Inc.

    1,378      435,600

Interactive Brokers Group, Inc., Class A*

    862      13,921

JPMorgan Chase & Co.

    90,290      4,040,477

Leucadia National Corp.*

    2,642      65,548

NASDAQ OMX Group, Inc.*

    1,626      34,341

NYSE Euronext

    4,313      127,708
         
        10,492,418
         
Insurance (4.7%)      

Alleghany Corp.*

    154      44,789

Allied World Assurance Co. Holdings Ltd./Bermuda

    1,119      50,187

Allstate Corp.

    12,276      396,638

American Financial Group, Inc./Ohio

    1,897      53,970

American International Group, Inc.*

    1,614      55,102

American National Insurance Co.

    412      46,778

Aon Corp.

    6,282      268,304

Arch Capital Group Ltd.*

    1,077      82,121

Arthur J. Gallagher & Co.

    155      3,805

Aspen Insurance Holdings Ltd.

    1,824      52,604

Assurant, Inc.

    2,602      89,457

Axis Capital Holdings Ltd.

    2,103      65,740

Brown & Brown, Inc.

    682      12,221

Chubb Corp.

    7,515      389,653

Cincinnati Financial Corp.

    3,190      92,191

CNA Financial Corp.*

    297      7,936

Endurance Specialty Holdings Ltd.

    675      25,076

Erie Indemnity Co., Class A

    226      9,747

Everest Reinsurance Group Ltd.

    1,372      111,036

Fidelity National Financial, Inc., Class A

    4,485      66,468

First American Corp.

    2,267      76,715

Genworth Financial, Inc., Class A*

    6,564      120,384

Hanover Insurance Group, Inc.

    1,074      46,837

Hartford Financial Services Group, Inc.

    10,088      286,701

HCC Insurance Holdings, Inc.

    2,478      68,393

LInc.oln National Corp.

    4,816      147,851

Loews Corp.

    7,565      282,023

Markel Corp.*

    224      83,924

Marsh & McLennan Cos., Inc.

    10,928      266,862

MBIA, Inc.*

    2,842      17,819

Mercury General Corp.

    584      25,532

MetLife, Inc.

    13,184      571,395

Old Republic International Corp.

    5,437      68,941

OneBeacon Insurance Group Ltd., Class A

    519      8,953

PartnerReinsurance Ltd.

    1,902      151,627

Progressive Corp.

    13,907      265,485

Protective Life Corp.

    1,878      41,297

Prudential Financial, Inc.

    5,041      304,981

 

See Notes to Portfolio of Investments.

360

EQ ADVISORS TRUST

EQ/LARGE CAP VALUE INDEX PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Reinsurance Group of America, Inc.

    1,485    $ 77,992

RenaissanceReinsurance Holdings Ltd.

    1,450      82,302

StanCorp Financial Group, Inc.

    1,096      52,202

Torchmark Corp.

    1,839      98,405

Transatlantic Holdings, Inc.

    607      32,050

Travelers Cos., Inc.

    11,724      632,393

Unitrin, Inc.

    919      25,778

Unum Group

    7,425      183,917

Validus Holdings Ltd.

    1,763      48,535

W.R. Berkley Corp.

    2,097      54,711

Wesco Financial Corp.

    68      26,214

White Mountains Insurance Group Ltd.

    161      57,155

XL Capital Ltd., Class A

    7,964      150,520
         
        6,281,717
         
Real Estate Investment Trusts (REITs) (2.9%)      

Alexandria Real Estate Equities, Inc. (REIT)

    786      53,134

AMB Property Corp. (REIT)

    3,311      90,192

Annaly Capital Management, Inc. (REIT)

    12,545      215,523

Apartment Investment & Management Co. (REIT), Class A

    2,532      46,614

AvalonBay Communities, Inc. (REIT)

    1,844      159,229

Boston Properties, Inc. (REIT)

    3,121      235,448

Brandywine Realty Trust (REIT)

    2,793      34,103

BRE Properties, Inc. (REIT)

    1,254      44,830

Camden Property Trust (REIT)

    1,500      62,445

Chimera Investment Corp. (REIT)

    15,048      58,537

Corporate Office Properties Trust/Maryland (REIT)

    1,252      50,243

Douglas Emmett, Inc. (REIT)

    2,633      40,469

Duke Realty Corp. (REIT)

    5,263      65,261

Equity Residential (REIT)

    6,245      244,492

Essex Property Trust, Inc. (REIT)

    629      56,579

Federal Realty Investment Trust (REIT)

    1,210      88,100

HCP, Inc. (REIT)

    4,145      136,785

Health Care REIT, Inc. (REIT)

    1,348      60,970

Hospitality Properties Trust (REIT)

   2,910      69,694

Host Hotels & Resorts, Inc. (REIT)

   14,869      217,831

HRPT Properties Trust (REIT)

    4,791      37,274

Kimco Realty Corp. (REIT)

    9,322      145,796

Liberty Property Trust (REIT)

    2,643      89,703

Macerich Co. (REIT)

    2,339      89,607

Mack-Cali Realty Corp. (REIT)

    1,695      59,749

Nationwide Health Properties, Inc. (REIT)

    734      25,800

Plum Creek Timber Co., Inc. (REIT)

    2,375      92,411

ProLogis (REIT)

    11,007      145,292

Rayonier, Inc. (REIT)

    970      44,067

Realty Income Corp. (REIT)

    2,403      73,748

Regency Centers Corp. (REIT)

    2,092      78,387

Senior Housing Properties Trust (REIT)

    2,999      66,428

Simon Property Group, Inc. (REIT)

   3,134      262,943

SL Green Realty Corp. (REIT)

    1,691      96,844

Taubman Centers, Inc. (REIT)

    1,149      45,868

UDR, Inc. (REIT)

    3,527      62,216

Ventas, Inc. (REIT)

    3,520      167,130

Vornado Realty Trust (REIT)

    3,469      262,603

Weingarten Realty Investors (REIT)

    2,235      48,187
         
        3,924,532
         
Real Estate Management & Development (0.1%)      

Forest City Enterprises, Inc., Class A*

    2,377    $ 34,252

Jones Lang LaSalle, Inc.

    911      66,403
         
        100,655
         
Thrifts & Mortgage Finance (0.4%)      

First Niagara Financial Group, Inc.

    4,394      62,483

Hudson City Bancorp, Inc.

    4,881      69,115

New York Community Bancorp, Inc.

    9,480      156,799

People’s United Financial, Inc.

    8,344      130,500

TFS Financial Corp.

    1,601      21,373

Washington Federal, Inc.

    2,439      49,561
         
        489,831
         

Total Financials

         34,476,224
         

Health Care (8.5%)

      
Health Care Equipment & Supplies (0.6%)      

Boston Scientific Corp.*

    22,188      160,197

CareFusion Corp.*

    4,009      105,958

Cooper Cos., Inc.

    1,042      40,513

Hill-Rom Holdings, Inc.

    800      21,768

Hologic, Inc.*

    5,392      99,968

Inverness Medical Innovations, Inc.*

    937      36,496

Kinetic Concepts, Inc.*

    917      43,842

Teleflex, Inc.

    502      32,163

Zimmer Holdings, Inc.*

    4,600      272,320
         
        813,225
         
Health Care Providers & Services (2.3%)      

Aetna, Inc.

    7,922      278,141

AmerisourceBergen Corp.

    805      23,281

Brookdale Senior Living, Inc.*

    911      18,976

Cardinal Health, Inc.

    8,118      292,492

CIGNA Corp.

    5,886      215,310

Community Health Systems, Inc.*

    1,026      37,890

Coventry Health Care, Inc.*

    2,487      61,479

Emdeon, Inc., Class A*

    200      3,304

Health Net, Inc.*

    2,296      57,101

Humana, Inc.*

    2,414      112,903

LifePoint Hospitals, Inc.*

    1,322      48,623

Lincare Holdings, Inc.*

    257      11,534

McKesson Corp.

    3,156      207,412

MEDNAX, Inc.*

    689      40,093

Omnicare, Inc.

    1,485      42,011

Tenet Healthcare Corp.*

    3,324      19,013

UnitedHealth Group, Inc.

    27,177      887,873

Universal Health Services, Inc., Class B

    1,998      70,110

WellPoint, Inc.*

    9,686      623,585
         
        3,051,131
         
Life Sciences Tools & Services (0.4%)      

Charles River Laboratories

      

International, Inc.*

    457      17,965

Life Technologies Corp.*

    465      24,305

PerkinElmer, Inc.

    1,992      47,609

Thermo Fisher Scientific, Inc.*

    8,832      454,318
         
        544,197
         
Pharmaceuticals (5.2%)      

Bristol-Myers Squibb Co.

    17,524      467,891

Eli Lilly and Co.

    11,044      400,014

Endo Pharmaceuticals Holdings, Inc.*

    2,673      63,323

Forest Laboratories, Inc.*

    6,798      213,185

Johnson & Johnson

    14,216      926,883

King Pharmaceuticals, Inc.*

    5,825      68,502

Merck & Co., Inc.

    42,507      1,587,637

Mylan, Inc.*

    1,875      42,581

 

See Notes to Portfolio of Investments.

361

EQ ADVISORS TRUST

EQ/LARGE CAP VALUE INDEX PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Pfizer, Inc.

    183,213    $ 3,142,103

Watson Pharmaceuticals, Inc.*

    2,325      97,115
         
        7,009,234
         

Total Health Care

         11,417,787
         

Industrials (10.6%)

      

Aerospace & Defense (2.1%)

      

BE Aerospace, Inc.*

    1,023      31,150

Boeing Co.

    15,224      1,105,415

General Dynamics Corp.

    7,164      553,061

ITT Corp.

    3,844      206,077

L-3 Communications Holdings, Inc.

    2,668      244,469

Northrop Grumman Corp.

    6,043      396,240

Raytheon Co.

    2,034      116,182

Spirit AeroSystems Holdings, Inc., Class A*

    1,519      35,514

United Technologies Corp.

    1,584      116,598
         
        2,804,706
         

Air Freight & Logistics (0.5%)

      

FedEx Corp.

    7,069      660,244

UTi Worldwide, Inc.

    46      705
         
        660,949
         

Airlines (0.1%)

      

Southwest Airlines Co.

    11,834      156,446
         

Building Products (0.1%)

      

Armstrong World Industries, Inc.*

    285      10,348

Masco Corp.

    4,468      69,343

Owens Corning, Inc.*

    1,017      25,873

USG Corp.*

    867      14,878
         
        120,442
         

Commercial Services & Supplies (0.5%)

      

Avery Dennison Corp.

    2,189      79,702

Cintas Corp.

    2,342      65,787

Corrections Corp. of America*

    2,216      44,010

Covanta Holding Corp.*

    3,034      50,546

Pitney Bowes, Inc.

    4,840      118,338

R.R. Donnelley & Sons Co.

    3,437      73,380

Republic Services, Inc.

    4,902      142,256

Waste Connections, Inc.*

    415      14,093

Waste Management, Inc.

    1,133      39,009
         
        627,121
         

Construction & Engineering (0.2%)

      

KBR, Inc.

    3,742      82,923

Quanta Services, Inc.*

    4,858      93,079

Shaw Group, Inc.*

    345      11,875

URS Corp.*

    1,668      82,749
         
        270,626
         

Electrical Equipment (0.2%)

      

A123 Systems, Inc.*

    400      5,496

General Cable Corp.*

    1,103      29,781

Hubbell, Inc., Class B

    1,188      59,911

Rockwell Automation, Inc.

    2,856      160,964

Roper Industries, Inc.

    309      17,872

Thomas & Betts Corp.*

    832      32,648
         
        306,672
         

Industrial Conglomerates (3.4%)

      

Carlisle Cos., Inc.

    939      35,776

General Electric Co.

    240,624      4,379,357

Textron, Inc.

    6,006      127,507
         
        4,542,640
         

Machinery (2.4%)

      

AGCO Corp.*

    2,028      72,744

Bucyrus International, Inc.

    1,297      85,589

Caterpillar, Inc.

    6,884    $ 432,659

Crane Co.

    546      19,383

Cummins, Inc.

    3,040      188,328

Danaher Corp.

    2,208      176,441

Deere & Co.

    7,273      432,453

Dover Corp.

    1,214      56,754

Eaton Corp.

    3,741      283,456

Gardner Denver, Inc.

    1,164      51,263

Graco, Inc.

    656      20,992

Harsco Corp.

    438      13,990

IDEX Corp.

    701      23,203

Illinois Tool Works, Inc.

    10,286      487,145

Joy Global, Inc.

    309      17,489

Kennametal, Inc.

    1,739      48,901

Lincoln Electric Holdings, Inc.

    952      51,722

Manitowoc Co., Inc.

    2,769      35,997

Oshkosh Corp.*

    1,960      79,066

PACCAR, Inc.

    608      26,351

Parker Hannifin Corp.

    3,700      239,538

Pentair, Inc.

    1,520      54,142

Snap-On, Inc.

    903      39,136

SPX Corp.

    1,155      76,600

Terex Corp.*

    2,282      51,824

Timken Co.

    2,162      64,882

Trinity Industries, Inc.

    1,704      34,012

WABCO Holdings, Inc.*

    184      5,505
         
        3,169,565
         

Marine (0.0%)

      

Alexander & Baldwin, Inc.

    871      28,786

Kirby Corp.*

    952      36,319
         
        65,105
         

Professional Services (0.1%)

      

Equifax, Inc.

    626      22,411

Manpower, Inc.

    1,748      99,846

Verisk Analytics, Inc., Class A*

    500      14,100
         
        136,357
         

Road & Rail (1.0%)

      

Con-way, Inc.

    686      24,092

CSX Corp.

    8,868      451,381

Hertz Global Holdings, Inc.*

    4,000      39,960

Kansas City Southern*

    1,291      46,696

Norfolk Southern Corp.

    7,278      406,768

Ryder System, Inc.

    1,258      48,760

Union Pacific Corp.

    5,340      391,422
         
        1,409,079
         

Trading Companies & Distributors (0.0%)

      

GATX Corp.

    583      16,703

WESCO International, Inc.*

    470      16,314
         
        33,017
         

Total Industrials

         14,302,725
         

Information Technology (4.9%)

      

Communications Equipment (0.5%)

      

Brocade Communications Systems, Inc.*

    6,423      36,675

Ciena Corp.*

    1,779      27,112

CommScope, Inc.*

    2,047      57,357

EchoStar Corp., Class A*

    776      15,737

Harris Corp.

    676      32,103

JDS Uniphase Corp.*

    2,177      27,278

Motorola, Inc.*

    49,341      346,374

Tellabs, Inc.

    9,310      70,477
         
        613,113
         

 

See Notes to Portfolio of Investments.

362

EQ ADVISORS TRUST

EQ/LARGE CAP VALUE INDEX PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Computers & Peripherals (1.2%)

      

Diebold, Inc.

    271    $ 8,607

EMC Corp.*

    41,288      744,836

Hewlett-Packard Co.

    12,362      657,040

Lexmark International, Inc., Class A*

    1,773      63,970

SanDisk Corp.*

    2,642      91,492

Seagate Technology*

    1,049      19,155

Teradata Corp.*

    727      21,003

Western Digital Corp.*

    460      17,935
         
        1,624,038
         

Electronic Equipment, Instruments & Components (0.3%)

      

Arrow Electronics, Inc.*

    1,574      47,425

Avnet, Inc.*

    2,349      70,470

AVX Corp.

    791      11,232

Corning, Inc.

    5,202      105,132

Ingram Micro, Inc., Class A*

    3,499      61,408

Itron, Inc.*

    26      1,887

Jabil Circuit, Inc.

    2,016      32,639

Molex, Inc.

    2,598      54,194

Tech Data Corp.*

    1,110      46,509

Vishay Intertechnology, Inc.*

    3,167      32,398
         
        463,294
         

Internet Software & Services (0.5%)

      

AOL, Inc.*

    2,434      61,532

eBay, Inc.*

    19,676      530,268

IAC/InterActiveCorp*

    1,163      26,447

Monster Worldwide, Inc.*

    1,126      18,703

Yahoo!, Inc.*

    1,621      26,795
         
        663,745
         

IT Services (0.4%)

      

Amdocs Ltd.*

    3,875      116,676

Broadridge Financial Solutions, Inc.

    1,149      24,566

Computer Sciences Corp.*

    3,482      189,734

Convergys Corp.*

    1,795      22,007

DST Systems, Inc.

    103      4,269

Fidelity National Information Services, Inc.

    2,981      69,875

SAIC, Inc.*

    2,305      40,798

Total System Services, Inc.

    965      15,112
         
        483,037
         

Office Electronics (0.2%)

      

Xerox Corp.

    23,411      228,257

Zebra Technologies Corp., Class A*

   223      6,601
         
        234,858
         

Semiconductors & Semiconductor Equipment (1.6%)

      

Advanced Micro Devices, Inc.*

    5,718      53,006

Applied Materials, Inc.

    30,532      411,571

Atmel Corp.*

    9,680      48,690

Cypress Semiconductor Corp.*

    270      3,105

Fairchild Semiconductor International, Inc.*

    2,644      28,159

Integrated Device Technology, Inc.*

    2,813      17,244

Intel Corp.

    48,891      1,088,314

International Rectifier Corp.*

    833      19,076

Intersil Corp., Class A

    1,348      19,896

KLA-Tencor Corp.

    3,886      120,155

LSI Corp.*

    14,994      91,763

Marvell Technology Group Ltd.*

    1,081      22,031

Maxim Integrated Products, Inc.

    1,068      20,708

Microchip Technology, Inc.

    367      10,335

Micron Technology, Inc.*

    16,259      168,931

Novellus Systems, Inc.*

    867      21,675

PMC-Sierra, Inc.*

    4,811      42,914
         
        2,187,573
         

Software (0.2%)

      

Activision Blizzard, Inc.

    5,468    $ 65,944

Autodesk, Inc.*

    1,741      51,220

CA, Inc.

    1,907      44,757

Compuware Corp.*

    5,151      43,268

Novell, Inc.*

    4,014      24,044

Nuance Communications, Inc.*

    448      7,455

Rovi Corp.*

    689      25,583

Synopsys, Inc.*

    1,183      26,464
         
        288,735
         

Total Information Technology

         6,558,393
         

Materials (4.0%)

      

Chemicals (1.8%)

      

Air Products & Chemicals, Inc.

    3,172      234,569

Airgas, Inc.

    1,879      119,542

Albemarle Corp.

    1,969      83,939

Ashland, Inc.

    1,651      87,123

Cabot Corp.

    1,400      42,560

CF Industries Holdings, Inc.

    200      18,236

Cytec Industries, Inc.

    1,026      47,955

Dow Chemical Co.

    25,424      751,788

E.I. du Pont de Nemours & Co.

    13,842      515,476

Eastman Chemical Co.

    1,612      102,652

FMC Corp.

    216      13,077

Huntsman Corp.

    3,456      41,645

International Flavors & Fragrances, Inc.

    113      5,387

Intrepid Potash, Inc.*

    134      4,064

Lubrizol Corp.

    224      20,545

PPG Industries, Inc.

    3,713      242,830

RPM International, Inc.

    1,322      28,212

Terra Industries, Inc.

    711      32,535

Valhi, Inc.

    23      453

Valspar Corp.

    2,215      65,298
         
        2,457,886
         

Construction Materials (0.1%)

      

Martin Marietta Materials, Inc.

    608      50,798

Vulcan Materials Co.

    2,844      134,351
         
        185,149
         

Containers & Packaging (0.4%)

      

AptarGroup, Inc.

    1,544      60,756

Ball Corp.

    773      41,263

Bemis Co., Inc.

    2,525      72,518

Greif, Inc., Class A

    701      38,499

Owens-Illinois, Inc.*

    702      24,949

Packaging Corp. of America

    1,998      49,171

Pactiv Corp.*

    541      13,622

Sealed Air Corp.

    3,564      75,129

Sonoco Products Co.

    2,331      71,772

Temple-Inland, Inc.

    2,294      46,866
         
        494,545
         

Metals & Mining (1.3%)

      

AK Steel Holding Corp.

    2,535      57,950

Alcoa, Inc.

    12,117      172,546

Allegheny Technologies, Inc.

    2,249      121,424

Carpenter Technology Corp.

    952      34,843

Cliffs Natural Resources, Inc.

    2,735      194,048

Commercial Metals Co.

    2,370      35,692

Compass Minerals International, Inc.

    322      25,834

Freeport-McMoRan Copper & Gold, Inc.

    3,649      304,837

Nucor Corp.

    7,128      323,469

Reliance Steel & Aluminum Co.

    1,429      70,350

 

See Notes to Portfolio of Investments.

363

EQ ADVISORS TRUST

EQ/LARGE CAP VALUE INDEX PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Royal Gold, Inc.

    741    $ 34,242

Schnitzer Steel Industries, Inc., Class A

    124      6,514

Southern Copper Corp.

    1,033      32,715

Steel Dynamics, Inc.

    4,950      86,476

Titanium Metals Corp.*

    1,815      30,111

United States Steel Corp.

    3,223      204,725
         
        1,735,776
         

Paper & Forest Products (0.4%)

      

International Paper Co.

    9,789      240,907

MeadWestvaco Corp.

    3,917      100,079

Weyerhaeuser Co.

    4,787      216,708
         
        557,694
         

Total Materials

         5,431,050
         

Telecommunication Services (5.0%)

      

Diversified Telecommunication Services (4.5%)

      

AT&T, Inc.

    134,100      3,465,144

CenturyTel, Inc.

    6,696      237,440

Frontier Communications Corp.

    3,780      28,123

Level 3 Communications, Inc.*

    36,633      59,345

Qwest Communications International, Inc.

    34,180      178,420

Verizon Communications, Inc.

    64,607      2,004,109

Windstream Corp.

    5,758      62,705
         
        6,035,286
         

Wireless Telecommunication Services (0.5%)

      

Clearwire Corp., Class A*

    1,390      9,939

Crown Castle International Corp.*

    4,247      162,363

Leap Wireless International, Inc.*

    250      4,090

NII Holdings, Inc.*

    3,587      149,434

Sprint Nextel Corp.*

    64,463      244,959

Telephone & Data Systems, Inc.

    2,148      72,710

U.S. Cellular Corp.*

    345      14,276
         
        657,771
         

Total Telecommunication Services

         6,693,057
         

Utilities (6.3%)

      

Electric Utilities (3.1%)

      

Allegheny Energy, Inc.

    1,380      31,740

American Electric Power Co., Inc.

    10,956      374,476

DPL, Inc.

    2,193      59,628

Duke Energy Corp.

    29,571      482,599

Edison International

    7,378      252,106

Entergy Corp.

    4,487      365,018

Exelon Corp.

    13,791      604,184

FirstEnergy Corp.

    6,911      270,151

FPL Group, Inc.

    8,161      394,421

Great Plains Energy, Inc.

    2,944      54,670

Hawaiian Electric Industries, Inc.

    2,021      45,371

Northeast Utilities

    3,942      108,957

NV Energy, Inc.

    2,861      35,276

Pepco Holdings, Inc.

    4,887      83,812

Pinnacle West Capital Corp.

    2,296      86,628

Progress Energy, Inc.

    6,273      246,905

Southern Co.

    17,954      595,355

Westar Energy, Inc.

    2,364      52,717
         
        4,144,014
         

Gas Utilities (0.5%)

      

AGL Resources, Inc.

    1,706      65,937

Atmos Energy Corp.

    2,149      61,397

Energen Corp.

    1,600      74,448

National Fuel Gas Co.

    1,641      82,953

ONEOK, Inc.

    2,521      115,084

Questar Corp.

    3,902      168,566

UGI Corp.

    2,399    $ 63,669
         
        632,054
         

Independent Power Producers & Energy Traders (0.2%)

      

AES Corp.*

    2,824      31,064

Calpine Corp.*

    3,297      39,201

Constellation Energy Group, Inc.

    576      20,223

Dynegy, Inc., Class A*

    10,747      13,541

Mirant Corp.*

    3,089      33,547

NRG Energy, Inc.*

    6,160      128,744

RRI Energy, Inc.*

    7,546      27,845
         
        294,165
         

Multi-Utilities (2.5%)

      

Alliant Energy Corp.

    2,572      85,545

Ameren Corp.

    5,397      140,754

CenterPoint Energy, Inc.

    1,298      18,639

CMS Energy Corp.

    5,313      82,139

Consolidated Edison, Inc.

    6,347      282,695

Dominion Resources, Inc.

    13,556      557,287

DTE Energy Co.

    3,762      167,785

Integrys Energy Group, Inc.

    1,291      61,168

MDU Resources Group, Inc.

    4,255      91,823

NiSource, Inc.

    6,166      97,423

NSTAR

    2,354      83,379

OGE Energy Corp.

    2,135      83,137

PG&E Corp.

    8,496      360,400

Public Service Enterprise Group, Inc.

    11,670      344,498

SCANA Corp.

    2,832      106,455

Sempra Energy

    5,550      276,945

TECO Energy, Inc.

    4,938      78,465

Vectren Corp.

    1,748      43,210

Wisconsin Energy Corp.

    2,675      132,172

Xcel Energy, Inc.

    10,517      222,960
         
        3,316,879
         

Water Utilities (0.0%)

      

American Water Works Co., Inc

    1,434      31,204

Aqua America, Inc.

    2,924      51,375
         
        82,579
         

Total Utilities

         8,469,691
         

Total Common Stocks (98.2%)
(Cost $110,977,812)

         131,813,392
         
     Number of
Rights		    Value
(Note 1)

RIGHTS:

      

Telecommunication Services (0.0%)

      

Wireless Telecommunication Services (0.0%)

      

Clearwire Corp., expiring 6/21/10*

      

(Cost $—)

    1,390      257
         

 

See Notes to Portfolio of Investments.

364

EQ ADVISORS TRUST

EQ/LARGE CAP VALUE INDEX PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Principal
Amount		    Value
(Note 1)		  

SHORT-TERM INVESTMENTS:

      

Government Securities (0.4%)

      

U.S. Treasury Bills

      

0.14%, 6/17/10 #(p)

    $ 444,000    $ 443,862   
           

Time Deposit (2.3%)

      

JPMorgan Chase Nassau

      

0.000%, 4/1/10

      3,138,147      3,138,147   
           

Total Short-Term Investments (2.7%)
(Cost/Amortized Cost $3,582,014)

         3,582,009   
           

Total Investments (100.9%)
(Cost/Amortized Cost $114,559,826)

         135,395,658   

Other Assets Less Liabilities (-0.9%)

         (1,212,035 ) 
           

Net Assets (100%)

       $ 134,183,623   
           

 

* Non-income producing.

 

# All, or a portion of security held by broker as collateral for financial futures contracts, with a total collateral value of $443,862.

 

(p) Yield to maturity.

At March 31, 2010, the Portfolio had the following futures contracts open: (Note 1)

 

Purchases

    Number of
Contracts		    Expiration
Date		    Original
Value		    Value at
3/31/2010		    Unrealized
Appreciation/
(Depreciation)

S&P 500 E-Mini Index

    30    June-10    $ 1,718,993    $ 1,747,800    $ 28,807

S&P MidCap 400 E-Mini Index

    6    June-10      465,193      472,860      7,667
                  
               $ 36,474
                  

 

See Notes to Portfolio of Investments.

365

EQ ADVISORS TRUST

EQ/LARGE CAP VALUE INDEX PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

The following is a summary of the inputs used to value the Portfolio’s assets and liabilities carried at fair value as of March 31, 2010:

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, money market securities are valued using amortized cost, in accordance with rules under the Investment Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active market, such securities are reflected as Level 2.

Various inputs are used in determining the value of the Portfolio’s investments. These inputs are summarized in the three broad levels listed below:

 

Investment Type

    Level 1
Quoted prices in active
markets for identical
securities		    Level 2
Significant other
observable inputs
(including quoted prices
for similar securities,
interest rates,
prepayment speeds,
credit risk, etc.)		    Level 3
Significant unobservable
inputs (including the
Portfolio’s own
assumptions in
determining the fair
value of investments)		    Total

Assets:

            

Common Stocks

            

Consumer Discretionary

    $ 14,038,222    $ —      $ —      $ 14,038,222

Consumer Staples

      7,255,734      —        —        7,255,734

Energy

      23,170,509      —        —        23,170,509

Financials

      34,476,224      —        —        34,476,224

Health Care

      11,417,787      —        —        11,417,787

Industrials

      14,302,725      —        —        14,302,725

Information Technology

      6,558,393      —        —        6,558,393

Materials

      5,431,050      —        —        5,431,050

Telecommunication Services

      6,693,057      —        —        6,693,057

Utilities

      8,469,691      —        —        8,469,691

Futures

      36,474      —        —        36,474

Rights

            

Telecommunication Services

      257      —        —        257

Short-Term Investments

      —        3,582,009      —        3,582,009
                           

Total Assets

    $ 131,850,123    $ 3,582,009    $ —      $ 135,432,132
                           

Total Liabilities

    $ —      $ —      $ —      $ —  
                           

Total

    $ 131,850,123    $ 3,582,009    $ —      $ 135,432,132
                           

Investment security transactions for the three months ended March 31, 2010 were as follows:

 

Cost of Purchases:

   

Stocks and long-term corporate debt securities

    $ 5,534,786

Net Proceeds of Sales and Redemptions:

   

Stocks and long-term corporate debt securities

    $ 2,874,397

As of March 31, 2010, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investments for Federal income tax purposes was as follows:

 

Aggregate gross unrealized appreciation

    $ 17,714,860   

Aggregate gross unrealized depreciation

      (1,334,794 ) 
        

Net unrealized appreciation

    $ 16,380,066   
        

Federal income tax cost of investments

    $ 119,015,592   
        

The Portfolio has a net capital loss carryforward of $56,096,953 of which $50,050,032 expires in the year 2016, and $6,046,921 expires in the year 2017.

 

See Notes to Portfolio of Investments.

366

EQ ADVISORS TRUST

EQ/LARGE CAP VALUE PLUS PORTFOLIO

PORTFOLIO OF INVESTMENTS

March 31, 2010 (Unaudited)

 

 

     Number of
Shares		    Value
(Note 1)

COMMON STOCKS:

      

Consumer Discretionary (12.3%)

      
Auto Components (0.2%)      

Autoliv, Inc.*^

    40,900    $ 2,107,577

BorgWarner, Inc.*

    4,000      152,720

Federal Mogul Corp.*^

    6,900      126,684

Johnson Controls, Inc.^

    145,300      4,793,447

TRW Automotive Holdings Corp.*

    20,900      597,322
         
        7,777,750
         
Automobiles (0.9%)      

Ford Motor Co.*^

    2,736,402      34,396,573

Harley-Davidson, Inc.^

    112,800      3,166,296

Thor Industries, Inc.

    8,200      247,722
         
        37,810,591
         
Distributors (0.1%)      

Genuine Parts Co.^

    76,700      3,239,808
         
Diversified Consumer Services (0.1%)      

Career Education Corp.*

    2,500      79,100

Education Management Corp.*^

    4,000      87,600

Hillenbrand, Inc.

    18,300      402,417

Service Corp. International

    120,700      1,108,026

Weight Watchers International, Inc.^

    14,500      370,185
         
        2,047,328
         
Hotels, Restaurants & Leisure (0.7%)      

Boyd Gaming Corp.*^

    26,500      261,820

Carnival Corp.

    115,100      4,475,088

Choice Hotels International, Inc.^

    10,000      348,100

Hyatt Hotels Corp., Class A*

    8,000      311,680

International Game Technology^

    23,900      440,955

International Speedway Corp., Class A

    14,400      371,088

Las Vegas Sands Corp.*^

    34,900      738,135

Marriott International, Inc., Class A .

    76,225      2,402,612

MGM MIRAGE*^

    50,500      606,000

Penn National Gaming, Inc.*

    32,100      892,380

Royal Caribbean Cruises Ltd.*^

    336,500      11,101,135

Starwood Hotels & Resorts Worldwide, Inc.^

    75,200      3,507,328

Wendy’s/Arby’s Group, Inc., Class A

    105,400      527,000

Wyndham Worldwide Corp.

    47,800      1,229,894

Wynn Resorts Ltd.

    32,200      2,441,726
         
        29,654,941
         
Household Durables (1.5%)      

D.R. Horton, Inc.^

    483,900      6,097,140

Fortune Brands, Inc.

    72,300      3,507,273

Garmin Ltd.^

    321,900      12,386,712

Harman International Industries, Inc.*

    14,800      692,344

Jarden Corp.

    42,200      1,404,838

KB Home^

    34,000      569,500

Leggett & Platt, Inc.^

    27,000      584,280

Lennar Corp., Class A^

    75,300      1,295,913

M.D.C. Holdings, Inc.

    11,100      384,171

Mohawk Industries, Inc.*

    26,700      1,451,946

Newell Rubbermaid, Inc.^

    111,900      1,700,880

NVR, Inc.*

    14,200      10,316,300

Pulte Group, Inc.*^

    785,602      8,838,022

Stanley Black & Decker, Inc.

    75,402      4,328,829

Toll Brothers, Inc.*^

    65,400      1,360,320

Whirlpool Corp.

    35,500      3,097,375
         
        58,015,843
         
Internet & Catalog Retail (0.1%)      

Expedia, Inc.

    7,900      197,184

Liberty Media Corp. - Interactive, Class A*

    286,700    $ 4,389,377
         
        4,586,561
         
Leisure Equipment & Products (0.1%)      

Hasbro, Inc.

    24,300      930,204

Mattel, Inc.

    38,600      877,764
         
        1,807,968
         
Media (5.4%)      

Cablevision Systems Corp. - New York Group, Class A

    112,800      2,722,992

CBS Corp., Class B^

    843,700      11,761,178

Central European Media Enterprises Ltd., Class A*^

    16,500      483,615

Clear Channel Outdoor Holdings, Inc., Class A*

    19,500      206,895

Comcast Corp., Class A^

    1,607,900      30,260,678

DIRECTV, Class A*

    249,346      8,430,388

Discovery Communications, Inc., Class C*

    9,400      276,454

DISH Network Corp., Class A

    96,700      2,013,294

DreamWorks Animation SKG, Inc., Class A*

    34,800      1,370,772

Gannett Co., Inc.

    111,800      1,846,936

Interactive Data Corp.

    9,300      297,600

Interpublic Group of Cos., Inc.*^

    230,100      1,914,432

Lamar Advertising Co., Class A*

    27,400      941,190

Liberty Global, Inc., Class A*^

    128,000      3,732,480

Liberty Media Corp. - Starz*

    24,980      1,365,906

Liberty Media Corp., Capital Series, Class A*

    38,600      1,403,882

Madison Square Garden, Inc., Class A*

    28,175      612,243

Meredith Corp.

    16,300      560,883

New York Times Co., Class A*

    46,500      517,545

News Corp., Class A

    2,026,000      29,194,660

Regal Entertainment Group, Class A

    18,600      326,802

Scripps Networks Interactive, Inc., Class A

    17,100      758,385

Time Warner Cable, Inc.

    650,913      34,700,172

Time Warner, Inc.

    1,032,233      32,277,926

Viacom, Inc., Class B*

    421,900      14,504,922

Virgin Media, Inc.^

    138,700      2,393,962

Walt Disney Co.

    910,740      31,793,934

Warner Music Group Corp.*

    19,500      134,745

Washington Post Co., Class B

    3,000      1,332,540
         
        218,137,411
         

Multiline Retail (0.5%)

      

Big Lots, Inc.*

    35,300      1,285,626

Dollar General Corp.*

    5,300      133,825

J.C. Penney Co., Inc

    107,000      3,442,190

Kohl’s Corp.*

    9,200      503,976

Macy’s, Inc.

    619,700      13,490,869

Sears Holdings Corp.*^

    24,000      2,602,320
         
        21,458,806
         

Specialty Retail (2.4%)

      

Abercrombie & Fitch Co., Class A^ .

    21,300      972,132

AutoNation, Inc.*^

    31,600      571,328

Barnes & Noble, Inc.^

    14,100      304,842

CarMax, Inc.*^

    30,700      771,184

Chico’s FAS, Inc.

    5,200      74,984

Foot Locker, Inc.

    41,700      627,168

GameStop Corp., Class A*^

    9,500      208,145

Gap, Inc.^

    487,500      11,266,125

 

See Notes to Portfolio of Investments.

367

EQ ADVISORS TRUST

EQ/LARGE CAP VALUE PLUS PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

 

     Number of
Shares		    Value
(Note 1)

Home Depot, Inc.

    973,300    $ 31,486,255

Limited Brands, Inc.^

    266,300      6,556,306

Lowe’s Cos., Inc.

    743,300      18,017,592

Office Depot, Inc.*

    1,110,100      8,858,598

Penske Automotive Group, Inc.*^

    11,600      167,272

RadioShack Corp.

    52,300      1,183,549

Ross Stores, Inc.

    132,200      7,068,734

Sherwin-Williams Co.

    6,900      466,992

Signet Jewelers Ltd.*

    41,000      1,325,940

Tiffany & Co.

    5,000      237,450

TJX Cos., Inc.

    157,600      6,701,152

Williams-Sonoma, Inc.

    27,000      709,830
         
        97,575,578
         

Textiles, Apparel & Luxury Goods (0.3%)

      

Jones Apparel Group, Inc.

    513,500      9,766,770

Phillips-Van Heusen Corp.

    8,800      504,768

Polo Ralph Lauren Corp.

    1,600      136,064

VF Corp.^

    33,000      2,644,950
         
        13,052,552
         

Total Consumer Discretionary

         495,165,137
         

Consumer Staples (7.5%)

      

Beverages (1.6%)

      

Brown-Forman Corp., Class B

    7,300      433,985

Central European Distribution Corp.*

    29,400      1,029,294

Coca-Cola Co.

    486,500      26,757,500

Coca-Cola Enterprises, Inc.

    352,400      9,747,384

Constellation Brands, Inc., Class A*

   457,200      7,516,368

Dr. Pepper Snapple Group, Inc.

    122,100      4,294,257

Molson Coors Brewing Co., Class B^

    58,000      2,439,480

PepsiCo, Inc.

    193,700      12,815,192
         
        65,033,460
         

Food & Staples Retailing (1.0%)

      

BJ’s Wholesale Club, Inc.*^

    21,700      802,683

CVS Caremark Corp.

    486,700      17,793,752

Kroger Co.

    49,200      1,065,672

Rite Aid Corp.*

    281,200      421,800

Safeway, Inc.

    285,600      7,100,016

SUPERVALU, Inc.

    508,500      8,481,780

Wal-Mart Stores, Inc.

    62,100      3,452,760

Whole Foods Market, Inc.*^

    10,300      372,345
         
        39,490,808
         

Food Products (2.5%)

      

Archer-Daniels-Midland Co.

    539,200      15,582,880

Bunge Ltd.^

    156,000      9,614,280

Campbell Soup Co.

    30,400      1,074,640

ConAgra Foods, Inc.

    215,100      5,392,557

Corn Products International, Inc.

    35,900      1,244,294

Del Monte Foods Co.

    95,100      1,388,460

Flowers Foods, Inc.^

    6,400      158,336

General Mills, Inc.

    93,100      6,590,549

H.J. Heinz Co.

    28,800      1,313,568

Hershey Co.

    30,900      1,322,829

Hormel Foods Corp.^

    30,200      1,268,702

J.M. Smucker Co.

    57,000      3,434,820

Kraft Foods, Inc., Class A

    901,800      27,270,432

Mead Johnson Nutrition Co., Class A

    49,100      2,554,673

Ralcorp Holdings, Inc.*

    27,200      1,843,616

Sara Lee Corp.

    544,700      7,587,671

Smithfield Foods, Inc.*^

    276,600      5,736,684

Tyson Foods, Inc., Class A

    373,000      7,142,950
         
        100,521,941
         

Household Products (1.5%)

      

Clorox Co.

    7,600      487,464

Energizer Holdings, Inc.*

    5,400    $ 338,904

Kimberly-Clark Corp.

    68,900      4,332,432

Procter & Gamble Co.

    900,670      56,985,391
         
        62,144,191
         

Personal Products (0.0%)

      

Alberto-Culver Co.

    6,100      159,515

NBTY, Inc.*

    8,000      383,840
         
        543,355
         

Tobacco (0.9%)

      

Altria Group, Inc.

    833,900      17,111,628

Lorillard, Inc.

    8,800      662,112

Philip Morris International, Inc.

    123,200      6,426,112

Reynolds American, Inc.

    196,500      10,607,070
         
        34,806,922
         

Total Consumer Staples

         302,540,677
         

Energy (15.8%)

      

Energy Equipment & Services (2.5%)

      

Atwood Oceanics, Inc.*

    3,900      135,057

Baker Hughes, Inc.^

    149,100      6,983,844

BJ Services Co.

    140,900      3,015,260

Cameron International Corp.*

    9,300      398,598

Ensco plc (ADR)

    207,500      9,291,850

Exterran Holdings, Inc.*^

    16,100      389,137

Halliburton Co.

    431,500      13,001,095

Helix Energy Solutions Group, Inc.*

   49,700      647,591

Helmerich & Payne, Inc.

    34,900      1,328,992

Nabors Industries Ltd.*

    136,100      2,671,643

National Oilwell Varco, Inc.

    201,200      8,164,696

Noble Corp.*

    136,200      5,695,884

Oil States International, Inc.*

    23,800      1,079,092

Patterson-UTI Energy, Inc.^

    63,000      880,110

Pride International, Inc.*

    44,500      1,339,895

Rowan Cos., Inc.*^

    354,300      10,313,673

Schlumberger Ltd.

    314,300      19,945,478

SEACOR Holdings, Inc.*

    10,900      879,194

Seahawk Drilling, Inc.*^

    2,946      55,532

Smith International, Inc.

    48,200      2,063,924

Superior Energy Services, Inc.*

    37,500      788,250

Tidewater, Inc.

    24,900      1,177,023

Transocean Ltd.*

    105,200      9,087,176

Unit Corp.*^

    19,600      828,688
         
        100,161,682
         

Oil, Gas & Consumable Fuels (13.3%)

      

Anadarko Petroleum Corp.

    240,200      17,493,766

Apache Corp.

    197,900      20,086,850

Arch Coal, Inc.^

    78,100      1,784,585

Cabot Oil & Gas Corp.^

    49,800      1,832,640

Chesapeake Energy Corp.

    301,200      7,120,368

Chevron Corp.

    1,075,840      81,580,947

Cimarex Energy Co.

    226,800      13,467,384

Comstock Resources, Inc.*^

    20,500      651,900

Concho Resources, Inc.*

    39,100      1,969,076

ConocoPhillips

    1,076,720      55,095,762

Continental Resources, Inc.*

    7,600      323,380

Denbury Resources, Inc.*

    190,829      3,219,285

Devon Energy Corp.

    436,500      28,123,695

El Paso Corp.

    243,400      2,638,456

EOG Resources, Inc.

    120,400      11,189,976

EXCO Resources, Inc.

    7,800      143,364

Exxon Mobil Corp.#

    2,024,780      135,619,765

Forest Oil Corp.*^

    115,600      2,984,792

Frontier Oil Corp.^

    10,700      144,450

Frontline Ltd.^

    24,800      759,624

 

See Notes to Portfolio of Investments.

368

EQ ADVISORS TRUST

EQ/LARGE CAP VALUE PLUS PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Hess Corp.

    139,700    $ 8,738,235

Marathon Oil Corp.

    340,500      10,773,420

Mariner Energy, Inc.*

    5,200      77,844

Massey Energy Co.

    8,200      428,778

Murphy Oil Corp.

    91,800      5,158,242

Newfield Exploration Co.*

    236,300      12,299,415

Nexen, Inc.

    534,800      13,214,908

Noble Energy, Inc.

    83,400      6,088,200

Occidental Petroleum Corp.

    390,000      32,970,600

Overseas Shipholding Group, Inc.

    11,300      443,299

Pioneer Natural Resources Co.

    54,800      3,086,336

Plains Exploration & Production Co.*^

    30,700      920,693

Range Resources Corp.

    64,200      3,009,054

SandRidge Energy, Inc.*^

    67,500      519,750

Southern Union Co.^

    53,500      1,357,295

Spectra Energy Corp.

    310,200      6,988,806

St. Mary Land & Exploration Co.

    22,600      786,706

Sunoco, Inc.

    56,200      1,669,702

Teekay Corp.

    11,300      256,962

Tesoro Corp.^

    39,400      547,660

Valero Energy Corp.

    904,400      17,816,680

Whiting Petroleum Corp.*

    24,500      1,980,580

Williams Cos., Inc.

    279,000      6,444,900

XTO Energy, Inc.

    278,900      13,158,502
         
        534,966,632
         

Total Energy

         635,128,314
         

Financials (23.1%)

      

Capital Markets (3.8%)

      

Ameriprise Financial, Inc.

    349,000      15,830,640

Bank of New York Mellon Corp

    457,200      14,118,336

BlackRock, Inc.

    10,138      2,207,651

Deutsche Bank AG (Registered)^

    155,800      11,976,346

Federated Investors, Inc., Class B^

    2,800      73,864

Franklin Resources, Inc.

    39,900      4,424,910

Goldman Sachs Group, Inc.

    381,600      65,112,408

Invesco Ltd.

    183,900      4,029,249

Investment Technology Group, Inc.*

    19,100      318,779

Janus Capital Group, Inc.^

    11,400      162,906

Jefferies Group, Inc.^

    13,500      319,545

Legg Mason, Inc.^

    77,000      2,207,590

Morgan Stanley

    918,900      26,914,581

Raymond James Financial, Inc.^

    47,100      1,259,454

State Street Corp.

    110,900      5,006,026
         
        153,962,285
         

Commercial Banks (5.3%)

      

Associated Banc-Corp^

    83,000      1,145,400

BancorpSouth, Inc.^

    40,000      838,400

Bank of Hawaii Corp.^

    23,000      1,033,850

BB&T Corp.^

    665,900      21,568,501

BOK Financial Corp.

    6,500      340,860

CapitalSource, Inc.

    98,500      550,615

City National Corp./California^

    20,700      1,117,179

Comerica, Inc.

    72,700      2,765,508

Commerce Bancshares, Inc./Missouri

    19,935      820,126

Cullen/Frost Bankers, Inc.^

    24,900      1,389,420

Fifth Third Bancorp

    382,500      5,198,175

First Citizens BancShares, Inc./North Carolina, Class A

    2,900      576,404

First Horizon National Corp.*^

    109,648      1,540,555

Fulton Financial Corp.^

    84,400      860,036

Huntington Bancshares, Inc./Ohio^

   343,600      1,845,132

KeyCorp

    422,600      3,275,150

M&T Bank Corp.^

    36,700      2,913,246

Marshall & Ilsley Corp.^

    252,400    $ 2,031,820

PNC Financial Services Group, Inc.

    248,700      14,847,390

Popular, Inc.*^

    307,600      895,116

Regions Financial Corp.^

    555,600      4,361,460

SunTrust Banks, Inc.

    239,900      6,426,921

Synovus Financial Corp.^

    182,300      599,767

TCF Financial Corp.^

    61,600      981,904

U.S. Bancorp

    1,278,400      33,084,992

Valley National Bancorp^

    73,510      1,129,849

Wells Fargo & Co.

    3,159,883      98,335,559

Whitney Holding Corp./Louisiana

    46,600      642,614

Wilmington Trust Corp.^

    33,300      551,781

Zions Bancorp.^

    72,300      1,577,586
         
        213,245,316
         

Consumer Finance (0.7%)

      

American Express Co.

    398,800      16,454,488

AmeriCredit Corp.*

    30,100      715,176

Capital One Financial Corp.

    156,000      6,459,960

Discover Financial Services

    257,700      3,839,730

SLM Corp.*

    176,000      2,203,520

Student Loan Corp.

    1,700      60,401
         
        29,733,275
         

Diversified Financial Services (6.6%)

      

Bank of America Corp.

    6,027,650      107,593,552

Citigroup, Inc.*

    9,095,500      36,836,775

CME Group, Inc.

    30,100      9,514,911

Interactive Brokers Group, Inc., Class A*

    19,500      314,925

JPMorgan Chase & Co.

    2,383,397      106,657,016

Leucadia National Corp.*

    57,200      1,419,132

NASDAQ OMX Group, Inc.*

    36,200      764,544

NYSE Euronext^

    92,900      2,750,769
         
        265,851,624
         

Insurance (4.2%)

      

Alleghany Corp.*

    2,815      818,660

Allied World Assurance Co. Holdings Ltd./Bermuda

    23,800      1,067,430

Allstate Corp.

    258,000      8,335,980

American Financial Group, Inc./Ohio

    41,300      1,174,985

American International Group, Inc.*^

    36,159      1,234,468

American National Insurance Co.^

    7,700      874,258

Aon Corp.

    133,200      5,688,972

Arch Capital Group Ltd.*

    23,400      1,784,250

Arthur J. Gallagher & Co.

    3,500      85,925

Aspen Insurance Holdings Ltd.

    39,900      1,150,716

Assurant, Inc.

    56,600      1,945,908

Axis Capital Holdings Ltd.

    45,500      1,422,330

Brown & Brown, Inc.

    14,800      265,216

Chubb Corp.^

    159,700      8,280,445

Cincinnati Financial Corp.

    69,600      2,011,440

CNA Financial Corp.*

    6,900      184,368

Endurance Specialty Holdings Ltd.

    15,700      583,255

Erie Indemnity Co., Class A

    4,300      185,459

Everest Reinsurance Group Ltd.

    29,600      2,395,528

Fidelity National Financial, Inc., Class A

    96,300      1,427,166

First American Corp.

    47,800      1,617,552

Genworth Financial, Inc., Class A*

    134,800      2,472,232

Hanover Insurance Group, Inc.^

    21,100      920,171

Hartford Financial Services Group, Inc.^

    184,200      5,234,964

HCC Insurance Holdings, Inc.

    53,900      1,487,640

Lincoln National Corp.

    100,400      3,082,280

Loews Corp.

    157,600      5,875,328

 

See Notes to Portfolio of Investments.

369

EQ ADVISORS TRUST

EQ/LARGE CAP VALUE PLUS PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Markel Corp.*

    4,800    $ 1,798,368

Marsh & McLennan Cos., Inc.

    232,500      5,677,650

MBIA, Inc.*

    63,300      396,891

Mercury General Corp.

    12,800      559,616

MetLife, Inc.

    277,600      12,031,184

Old Republic International Corp.

    115,700      1,467,076

OneBeacon Insurance Group Ltd., Class A^

    11,100      191,475

PartnerReinsurance Ltd.

    39,800      3,172,856

Principal Financial Group, Inc.

    361,300      10,553,573

Progressive Corp.

    294,100      5,614,369

Protective Life Corp.

    41,100      903,789

Prudential Financial, Inc.

    106,600      6,449,300

Reinsurance Group of America, Inc.

    32,300      1,696,396

RenaissanceReinsurance Holdings Ltd.

    30,000      1,702,800

StanCorp Financial Group, Inc.

    23,600      1,124,068

Torchmark Corp.

    39,800      2,129,698

Transatlantic Holdings, Inc.

    13,100      691,680

Travelers Cos., Inc.

    384,925      20,762,855

Unitrin, Inc.

    20,200      566,610

Unum Group

    459,100      11,371,907

Validus Holdings Ltd.

    38,800      1,068,164

W.R. Berkley Corp.

    43,400      1,132,306

Wesco Financial Corp.

    700      269,850

White Mountains Insurance Group Ltd.

    3,800      1,349,000

XL Capital Ltd., Class A

    717,600      13,562,640
         
        167,851,047
         

Real Estate Investment Trusts (REITs) (2.1%)

      

Alexandria Real Estate Equities, Inc. (REIT)^

    16,700      1,128,920

AMB Property Corp. (REIT)^

    70,300      1,914,972

Annaly Capital Management, Inc. (REIT)

    261,800      4,497,724

Apartment Investment & Management Co. (REIT), Class A

    56,242      1,035,415

AvalonBay Communities, Inc. (REIT)^

    38,471      3,321,971

Boston Properties, Inc. (REIT)

    66,700      5,031,848

Brandywine Realty Trust (REIT)

    61,800      754,578

BRE Properties, Inc. (REIT)^

    26,100      933,075

Camden Property Trust (REIT)

    32,100      1,336,323

Chimera Investment Corp. (REIT)

    322,400      1,254,136

Corporate Office Properties Trust/Maryland (REIT)^

    27,600      1,107,588

Douglas Emmett, Inc. (REIT)^

    58,300      896,071

Duke Realty Corp. (REIT)^

    107,600      1,334,240

Equity Residential (REIT)

    131,700      5,156,055

Essex Property Trust, Inc. (REIT)^ .

    14,000      1,259,300

Federal Realty Investment Trust (REIT)

    24,800      1,805,688

HCP, Inc. (REIT)^

    86,300      2,847,900

Health Care REIT, Inc. (REIT)

    28,700      1,298,101

Hospitality Properties Trust (REIT) .

    58,700      1,405,865

Host Hotels & Resorts, Inc. (REIT)^

    295,887      4,334,745

HRPT Properties Trust (REIT)

    107,600      837,128

Kimco Realty Corp. (REIT)

    195,040      3,050,426

Liberty Property Trust (REIT)

    53,700      1,822,578

Macerich Co. (REIT)^

    47,649      1,825,433

Mack-Cali Realty Corp. (REIT)

    37,600      1,325,400

Nationwide Health Properties, Inc. (REIT)

    13,600      478,040

Plum Creek Timber Co., Inc. (REIT)^

    50,400      1,961,064

ProLogis (REIT)^

    227,560      3,003,792

Rayonier, Inc. (REIT)

    20,800    $ 944,944

Realty Income Corp. (REIT)^

    50,200      1,540,638

Regency Centers Corp. (REIT)

    43,100      1,614,957

Senior Housing Properties Trust (REIT)

    61,000      1,351,150

Simon Property Group, Inc. (REIT) .

    66,599      5,587,656

SL Green Realty Corp. (REIT)

    37,000      2,118,990

Taubman Centers, Inc. (REIT)^

    25,600      1,021,952

UDR, Inc. (REIT)

    72,305      1,275,460

Ventas, Inc. (REIT)^

    75,300      3,575,244

Vornado Realty Trust (REIT)

    74,059      5,606,266

Weingarten Realty Investors (REIT)^

    50,200      1,082,312
         
        82,677,945
         

Real Estate Management & Development (0.1%)

      

Forest City Enterprises, Inc., Class A*^

    52,700      759,407

Jones Lang LaSalle, Inc.

    20,100      1,465,089
         
        2,224,496
         

Thrifts & Mortgage Finance (0.3%)

      

First Niagara Financial Group, Inc.^

   90,500      1,286,910

Hudson City Bancorp, Inc.

    100,100      1,417,416

New York Community Bancorp, Inc.^

    203,500      3,365,890

People’s United Financial, Inc.

    178,500      2,791,740

TFS Financial Corp.

    35,200      469,920

Washington Federal, Inc.^

    53,900      1,095,248
         
        10,427,124
         

Total Financials

         925,973,112
         

Health Care (9.7%)

      

Biotechnology (0.2%)

      

Amgen, Inc.*

    148,300      8,862,408
         

Health Care Equipment & Supplies (0.5%)

      

Boston Scientific Corp.*

    466,600      3,368,852

CareFusion Corp.*

    86,600      2,288,838

Cooper Cos., Inc.^

    21,700      843,696

Hill-Rom Holdings, Inc.

    18,000      489,780

Hologic, Inc.*

    111,300      2,063,502

Hospira, Inc.*

    34,300      1,943,095

Inverness Medical Innovations, Inc.*^

    21,000      817,950

Kinetic Concepts, Inc.*

    19,100      913,171

Teleflex, Inc.

    11,000      704,770

Zimmer Holdings, Inc.*

    103,500      6,127,200
         
        19,560,854
         

Health Care Providers & Services (2.3%)

      

Aetna, Inc.

    530,100      18,611,811

AmerisourceBergen Corp.

    17,000      491,640

Brookdale Senior Living, Inc.*

    21,100      439,513

Cardinal Health, Inc.

    173,200      6,240,396

CIGNA Corp.

    122,700      4,488,366

Community Health Systems, Inc.*^

    22,100      816,153

Coventry Health Care, Inc.*^

    51,200      1,265,664

Emdeon, Inc., Class A*^

    3,300      54,516

Health Net, Inc.*^

    49,900      1,241,013

Humana, Inc.*

    51,700      2,418,009

LifePoint Hospitals, Inc.*

    26,100      959,958

Lincare Holdings, Inc.*^

    6,300      282,744

McKesson Corp.

    66,600      4,376,952

Medco Health Solutions, Inc.*

    92,800      5,991,168

MEDNAX, Inc.*

    14,900      867,031

Omnicare, Inc.

    32,900      930,741

Tenet Healthcare Corp.*

    74,100      423,852

UnitedHealth Group, Inc.

    572,200      18,693,774

 

See Notes to Portfolio of Investments.

370

EQ ADVISORS TRUST

EQ/LARGE CAP VALUE PLUS PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Universal Health Services, Inc., Class B

    40,800    $ 1,431,672

WellPoint, Inc.*

    356,000      22,919,280
         
        92,944,253
         
Life Sciences Tools & Services (0.3%)      

Charles River Laboratories International, Inc.*^

    10,600      416,686

Life Technologies Corp.*

    9,600      501,792

PerkinElmer, Inc.

    43,900      1,049,210

Thermo Fisher Scientific, Inc.*

    184,900      9,511,256
         
        11,478,944
         

Pharmaceuticals (6.4%)

      

Abbott Laboratories, Inc.

    193,500      10,193,580

AstraZeneca plc (ADR)

    141,200      6,314,464

Bristol-Myers Squibb Co.

    367,200      9,804,240

Eli Lilly and Co.

    232,000      8,403,040

Endo Pharmaceuticals Holdings, Inc.*

    56,300      1,333,747

Forest Laboratories, Inc.*

    145,100      4,550,336

Johnson & Johnson

    629,710      41,057,092

King Pharmaceuticals, Inc.*

    119,200      1,401,792

Merck & Co., Inc.

    1,641,528      61,311,071

Mylan, Inc.*^

    373,700      8,486,727

Pfizer, Inc.

    5,628,601      96,530,507

Sanofi-Aventis S.A. (ADR)

    146,000      5,454,560

Watson Pharmaceuticals, Inc.*

    50,700      2,117,739
         
        256,958,895
         

Total Health Care

         389,805,354
         

Industrials (9.4%)

      

Aerospace & Defense (1.8%)

      

BE Aerospace, Inc.*

    23,300      709,485

Boeing Co.

    320,700      23,286,027

General Dynamics Corp.

    150,500      11,618,600

ITT Corp.

    78,900      4,229,829

L-3 Communications Holdings, Inc.

    56,100      5,140,443

Northrop Grumman Corp.^

    260,100      17,054,757

Raytheon Co.

    86,900      4,963,728

Spirit AeroSystems Holdings, Inc., Class A*^

    34,200      799,596

United Technologies Corp.

    33,000      2,429,130
         
        70,231,595
         

Air Freight & Logistics (0.4%)

      

FedEx Corp.

    149,800      13,991,320

UTi Worldwide, Inc.

    3,700      56,684
         
        14,048,004
         

Airlines (0.3%)

      

Delta Air Lines, Inc.*

    622,100      9,076,439

Southwest Airlines Co.

    245,100      3,240,222
         
        12,316,661
         

Building Products (0.1%)

      

Armstrong World Industries, Inc.*

    5,500      199,705

Masco Corp.

    91,400      1,418,528

Owens Corning, Inc.*

    23,000      585,120

USG Corp.*^

    19,700      338,052
         
        2,541,405
         

Commercial Services & Supplies (0.3%)

      

Avery Dennison Corp.

    44,100      1,605,681

Cintas Corp.^

    51,800      1,455,062

Corrections Corp. of America*

    49,000      973,140

Covanta Holding Corp.*

    62,000      1,032,920

Pitney Bowes, Inc.

    99,200      2,425,440

R.R. Donnelley & Sons Co.

    73,200      1,562,820

Republic Services, Inc.

    105,730      3,068,285

Waste Connections, Inc.*

    10,200      346,392

Waste Management, Inc.

    24,400    $ 840,092
         
        13,309,832
         

Construction & Engineering (0.1%)

      

KBR, Inc.

    77,100      1,708,536

Quanta Services, Inc.*

    100,600      1,927,496

Shaw Group, Inc.*

    7,500      258,150

URS Corp.*

    35,000      1,736,350
         
        5,630,532
         

Electrical Equipment (0.3%)

      

A123 Systems, Inc.*^

    4,300      59,082

Cooper Industries plc

    104,700      5,019,318

General Cable Corp.*^

    25,000      675,000

Hubbell, Inc., Class B^

    25,400      1,280,922

Rockwell Automation, Inc.

    61,400      3,460,504

Roper Industries, Inc.

    6,200      358,608

Thomas & Betts Corp.*

    17,300      678,852
         
        11,532,286
         

Industrial Conglomerates (3.1%)

      

Carlisle Cos., Inc.

    21,500      819,150

General Electric Co.

    6,473,910      117,825,162

Textron, Inc.^

    314,900      6,685,327
         
        125,329,639
         

Machinery (2.1%)

      

AGCO Corp.*^

    44,500      1,596,215

Bucyrus International, Inc.

    28,000      1,847,720

Caterpillar, Inc.

    144,800      9,100,680

Crane Co.

    11,500      408,250

Cummins, Inc.

    65,100      4,032,945

Danaher Corp.

    47,000      3,755,770

Deere & Co.

    152,900      9,091,434

Dover Corp.

    26,100      1,220,175

Eaton Corp.

    79,700      6,038,869

Gardner Denver, Inc.

    25,000      1,101,000

Graco, Inc.^

    15,700      502,400

Harsco Corp.

    10,400      332,176

IDEX Corp.

    15,900      526,290

Illinois Tool Works, Inc.

    215,900      10,225,024

Ingersoll-Rand plc

    366,200      12,769,394

Joy Global, Inc.

    6,100      345,260

Kennametal, Inc.

    39,100      1,099,492

Lincoln Electric Holdings, Inc.

    20,500      1,113,765

Manitowoc Co., Inc.^

    62,700      815,100

Oshkosh Corp.*

    43,000      1,734,620

PACCAR, Inc.

    13,100      567,754

Parker Hannifin Corp.

    77,200      4,997,928

Pentair, Inc.

    34,100      1,214,642

Snap-On, Inc.

    20,100      871,134

SPX Corp.

    84,700      5,617,304

Terex Corp.*

    50,700      1,151,397

Timken Co.

    46,500      1,395,465

Trinity Industries, Inc.

    37,800      754,488

WABCO Holdings, Inc.*

    3,500      104,720
         
        84,331,411
         

Marine (0.0%)

      

Alexander & Baldwin, Inc.^

    19,700      651,085

Kirby Corp.*

    20,500      782,075
         
        1,433,160
         

Professional Services (0.1%)

      

Equifax, Inc.

    13,200      472,560

Manpower, Inc.

    37,700      2,153,424

Verisk Analytics, Inc., Class A*

    11,800      332,760
         
        2,958,744
         

Road & Rail (0.8%)

      

Con-way, Inc.^

    15,800      554,896

 

See Notes to Portfolio of Investments.

371

EQ ADVISORS TRUST

EQ/LARGE CAP VALUE PLUS PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

CSX Corp.

    188,300    $ 9,584,470

Hertz Global Holdings, Inc.*^

    505,800      5,052,942

Kansas City Southern*^

    25,300      915,101

Norfolk Southern Corp.

    153,600      8,584,704

Ryder System, Inc.

    26,900      1,042,644

Union Pacific Corp.

    113,800      8,341,540
         
        34,076,297
         

Trading Companies & Distributors (0.0%)

      

GATX Corp.

    12,900      369,585

WESCO International, Inc.*^

    9,600      333,216
         
        702,801
         

Total Industrials

         378,442,367
         

Information Technology (8.2%)

      

Communications Equipment (1.1%)

      

Brocade Communications Systems, Inc.*

    137,300      783,983

Ciena Corp.*^

    38,800      591,312

Cisco Systems, Inc.*

    90,500      2,355,715

CommScope, Inc.*

    45,000      1,260,900

EchoStar Corp., Class A*

    18,200      369,096

Harris Corp.

    13,800      655,362

JDS Uniphase Corp.*^

    48,500      607,705

Motorola, Inc.*^

    2,969,100      20,843,082

Nokia Oyj (ADR)

    848,500      13,185,690

Tellabs, Inc.

    190,300      1,440,571
         
        42,093,416
         

Computers & Peripherals (2.7%)

      

Apple, Inc.*

    20,000      4,698,600

Dell, Inc.*

    1,007,900      15,128,579

Diebold, Inc.

    3,900      123,864

EMC Corp.*

    867,600      15,651,504

Hewlett-Packard Co.^

    593,800      31,560,470

International Business Machines Corp.

    237,000      30,395,250

Lexmark International, Inc., Class A*^

    37,500      1,353,000

SanDisk Corp.*^

    56,500      1,956,595

Seagate Technology*^

    385,500      7,039,230

Teradata Corp.*

    15,300      442,017

Western Digital Corp.*

    10,600      413,294
         
        108,762,403
         

Electronic Equipment, Instruments & Components (0.6%)

      

Arrow Electronics, Inc.*

    33,600      1,012,368

Avnet, Inc.*

    48,300      1,449,000

AVX Corp.

    18,300      259,860

Corning, Inc.

    109,100      2,204,911

Ingram Micro, Inc., Class A*

    77,800      1,365,390

Itron, Inc.*^

    1,400      101,598

Jabil Circuit, Inc.

    45,300      733,407

Molex, Inc.^

    57,900      1,207,794

Tech Data Corp.*

    24,200      1,013,980

Tyco Electronics Ltd

    449,800      12,360,504

Vishay Intertechnology, Inc.*^

    220,000      2,250,600
         
        23,959,412
         

Internet Software & Services (0.4%)

      

AOL, Inc.*

    169,912      4,295,375

eBay, Inc.*

    412,500      11,116,875

IAC/InterActiveCorp*

    25,800      586,692

Monster Worldwide, Inc.*^

    25,100      416,911

Yahoo!, Inc.*

    37,100      613,263
         
        17,029,116
         

IT Services (0.5%)

      

Accenture plc, Class A

    194,100      8,142,495

Amdocs Ltd.*

    79,900    $ 2,405,789

Broadridge Financial Solutions, Inc.

    25,500      545,190

Computer Sciences Corp.*

    72,900      3,972,321

Convergys Corp.*^

    40,900      501,434

DST Systems, Inc.^

    2,200      91,190

Fidelity National Information Services, Inc.

    60,500      1,418,120

SAIC, Inc.*

    49,500      876,150

Total System Services, Inc.^

    21,700      339,822
         
        18,292,511
         

Office Electronics (0.1%)

      

Xerox Corp.

    501,062      4,885,355

Zebra Technologies Corp., Class A*

   2,600      76,960
         
        4,962,315
         

Semiconductors & Semiconductor Equipment (1.2%)

      

Advanced Micro Devices, Inc.*^

    127,000      1,177,290

Applied Materials, Inc.^

    639,400      8,619,112

Atmel Corp.*^

    216,800      1,090,504

Cypress Semiconductor Corp.*

    6,700      77,050

Fairchild Semiconductor International, Inc.*^

    59,500      633,675

Integrated Device Technology, Inc.*

   62,500      383,125

Intel Corp.

    1,168,200      26,004,132

International Rectifier Corp.*^

    19,100      437,390

Intersil Corp., Class A

    29,500      435,420

KLA-Tencor Corp.

    81,700      2,526,164

LSI Corp.*

    312,100      1,910,052

Marvell Technology Group Ltd.*

    24,700      503,386

Maxim Integrated Products, Inc.^

    23,600      457,604

Microchip Technology, Inc.^

    7,700      216,832

Micron Technology, Inc.*^

    335,600      3,486,884

Novellus Systems, Inc.*

    18,500      462,500

PMC-Sierra, Inc.*

    107,100      955,332
         
        49,376,452
         

Software (1.6%)

      

Activision Blizzard, Inc.

    112,200      1,353,132

Autodesk, Inc.*

    35,400      1,041,468

CA, Inc.

    43,000      1,009,210

Compuware Corp.*

    109,300      918,120

Microsoft Corp.

    1,337,400      39,145,698

Novell, Inc.*

    90,200      540,298

Nuance Communications, Inc.*

    10,000      166,400

Oracle Corp.

    279,700      7,185,493

Rovi Corp.*^

    15,000      556,950

Symantec Corp.*^

    610,600      10,331,352

Synopsys, Inc.*

    25,800      577,146
         
        62,825,267
         

Total Information Technology

         327,300,892
         

Materials (3.8%)

      

Chemicals (1.5%)

      

Air Products & Chemicals, Inc.

    66,100      4,888,095

Airgas, Inc.

    39,100      2,487,542

Albemarle Corp.

    41,400      1,764,882

Ashland, Inc.

    34,700      1,831,119

Cabot Corp.

    31,400      954,560

CF Industries Holdings, Inc.

    4,000      364,720

Cytec Industries, Inc.

    22,700      1,060,998

Dow Chemical Co.

    535,250      15,827,342

E.I. du Pont de Nemours & Co.

    509,400      18,970,056

Eastman Chemical Co.

    35,000      2,228,800

FMC Corp.

    5,200      314,808

Huntsman Corp.

    78,000      939,900

 

See Notes to Portfolio of Investments.

372

EQ ADVISORS TRUST

EQ/LARGE CAP VALUE PLUS PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

International Flavors & Fragrances, Inc.^

    2,100    $ 100,107

Intrepid Potash, Inc.*^

    1,400      42,462

Lubrizol Corp.

    4,100      376,052

PPG Industries, Inc.

    79,200      5,179,680

RPM International, Inc.

    29,200      623,128

Terra Industries, Inc.

    15,200      695,552

Valhi, Inc.

    1,900      37,392

Valspar Corp.

    48,200      1,420,936
         
        60,108,131
         

Construction Materials (0.1%)

      

Martin Marietta Materials, Inc.

    13,200      1,102,860

Vulcan Materials Co.

    60,100      2,839,124
         
        3,941,984
         

Containers & Packaging (0.3%)

      

AptarGroup, Inc.

    32,600      1,282,810

Ball Corp.

    15,800      843,404

Bemis Co., Inc.

    51,900      1,490,568

Greif, Inc., Class A

    16,000      878,720

Owens-Illinois, Inc.*

    15,000      533,100

Packaging Corp. of America

    44,400      1,092,684

Pactiv Corp.*

    11,400      287,052

Sealed Air Corp.

    76,300      1,608,404

Sonoco Products Co.^

    48,000      1,477,920

Temple-Inland, Inc.^

    51,200      1,046,016
         
        10,540,678
         

Metals & Mining (1.6%)

      

AK Steel Holding Corp.

    324,800      7,424,928

Alcoa, Inc.^

    251,600      3,582,784

Allegheny Technologies, Inc.^

    47,200      2,548,328

Carpenter Technology Corp.

    21,200      775,920

Cliffs Natural Resources, Inc.^

    57,000      4,044,150

Commercial Metals Co.^

    54,100      814,746

Compass Minerals International, Inc.^

    7,300      585,679

Freeport-McMoRan Copper & Gold, Inc

    278,700      23,282,598

Nucor Corp.

    151,200      6,861,456

Reliance Steel & Aluminum Co.^

    30,300      1,491,669

Royal Gold, Inc.

    14,800      683,908

Schnitzer Steel Industries, Inc., Class A

    2,200      115,566

Southern Copper Corp.

    22,300      706,241

Steel Dynamics, Inc.

    442,000      7,721,740

Titanium Metals Corp.*^

    40,900      678,531

United States Steel Corp.^

    69,000      4,382,880
         
        65,701,124
         

Paper & Forest Products (0.3%)

      

International Paper Co.

    207,900      5,116,419

MeadWestvaco Corp.

    82,300      2,102,765

Weyerhaeuser Co.

    101,700      4,603,959
         
        11,823,143
         

Total Materials

         152,115,060
         

Telecommunication Services (4.6%)

      

Diversified Telecommunication Services (3.8%)

      

AT&T, Inc.

    3,748,400      96,858,656

CenturyTel, Inc.^

    142,721      5,060,887

Frontier Communications Corp.^

    84,800      630,912

Level 3 Communications, Inc.*

    782,800      1,268,136

Qwest Communications International, Inc.

    708,300      3,697,326

Verizon Communications, Inc.

    1,366,500      42,388,830

Windstream Corp.^

    117,100      1,275,219
         
        151,179,966
         

Wireless Telecommunication Services (0.8%)

      

Clearwire Corp., Class A*^

    30,900    $ 220,935

Crown Castle International Corp.*^ .

    89,700      3,429,231

Leap Wireless International, Inc.*^

    6,500      106,340

NII Holdings, Inc.*

    75,500      3,145,330

Sprint Nextel Corp.*^

    4,376,800      16,631,840

Telephone & Data Systems, Inc.

    43,600      1,475,860

U.S. Cellular Corp.*

    7,500      310,350

Vodafone Group plc (ADR)^

    397,500      9,257,775
         
        34,577,661
         

Total Telecommunication Services

         185,757,627
         

Utilities (5.0%)

      

Electric Utilities (2.4%)

      

Allegheny Energy, Inc.

    31,700      729,100

American Electric Power Co., Inc.

    275,270      9,408,729

DPL, Inc.

    48,700      1,324,153

Duke Energy Corp.

    619,100      10,103,712

Edison International

    352,900      12,058,593

Entergy Corp.

    94,400      7,679,440

Exelon Corp.

    289,300      12,674,233

FirstEnergy Corp.

    146,600      5,730,594

FPL Group, Inc.

    171,700      8,298,261

Great Plains Energy, Inc.

    64,900      1,205,193

Hawaiian Electric Industries, Inc.^

    44,000      987,800

Northeast Utilities

    84,200      2,327,288

NV Energy, Inc.

    64,600      796,518

Pepco Holdings, Inc.

    105,800      1,814,470

Pinnacle West Capital Corp.

    48,600      1,833,678

Progress Energy, Inc.

    134,200      5,282,112

Southern Co.

    376,400      12,481,424

Westar Energy, Inc.

    52,200      1,164,060
         
        95,899,358
         

Gas Utilities (0.3%)

      

AGL Resources, Inc.

    37,100      1,433,915

Atmos Energy Corp.

    44,200      1,262,794

Energen Corp.

    34,500      1,605,285

National Fuel Gas Co.^

    34,100      1,723,755

ONEOK, Inc.

    50,700      2,314,455

Questar Corp.

    83,700      3,615,840

UGI Corp.

    52,000      1,380,080
         
        13,336,124
         

Independent Power Producers & Energy Traders (0.2%)

      

AES Corp.*

    62,200      684,200

Calpine Corp.*

    73,900      878,671

Constellation Energy Group, Inc.

    13,700      481,007

Dynegy, Inc., Class A*^

    239,600      301,896

Mirant Corp.*

    69,300      752,598

NRG Energy, Inc.*^

    127,600      2,666,840

RRI Energy, Inc.*^

    168,500      621,765
         
        6,386,977
         

Multi-Utilities (2.0%)

      

Alliant Energy Corp.^

    53,200      1,769,432

Ameren Corp.^

    113,700      2,965,296

CenterPoint Energy, Inc.

    30,000      430,800

CMS Energy Corp.^

    389,900      6,027,854

Consolidated Edison, Inc.

    132,000      5,879,280

Dominion Resources, Inc.

    283,800      11,667,018

DTE Energy Co.

    78,800      3,514,480

Integrys Energy Group, Inc.

    28,700      1,359,806

MDU Resources Group, Inc.

    88,400      1,907,672

NiSource, Inc.

    622,700      9,838,660

NSTAR

    51,400      1,820,588

OGE Energy Corp.

    46,200      1,799,028

 

See Notes to Portfolio of Investments.

373

EQ ADVISORS TRUST

EQ/LARGE CAP VALUE PLUS PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)		  

PG&E Corp.^

      177,200    $ 7,516,824   

Public Service Enterprise Group, Inc.

      243,400      7,185,168   

SCANA Corp.

      58,600      2,202,774   

Sempra Energy

      117,500      5,863,250   

TECO Energy, Inc.^

      102,400      1,627,136   

Vectren Corp.

      38,900      961,608   

Wisconsin Energy Corp.^

      56,200      2,776,842   

Xcel Energy, Inc.

      219,200      4,647,040   
           
        81,760,556   
           

Water Utilities (0.1%)

      

American Water Works Co., Inc.

      28,700      624,512   

Aqua America, Inc.^

      65,200      1,145,564   
           
        1,770,076   
           

Total Utilities

         199,153,091   
           

Total Common Stocks (99.4%)
(Cost $3,410,643,493)

         3,991,381,631   
           
     Number of
Rights		    Value
(Note 1)		  

RIGHTS:

      

Telecommunication Services (0.0%)

      

Wireless Telecommunication Services (0.0%)

      

Clearwire Corp., expiring 6/21/10*
(Cost $—)

      32,400      5,994   
           
     Principal
Amount		    Value
(Note 1)		  

SHORT-TERM INVESTMENTS:

      

Short-Term Investments of Cash Collateral for Securities Loaned (0.7%)

      

Goldman Sachs & Co., Repurchase Agreement

      

0.01%, 4/1/10 (v)

    $ 25,145,196      25,145,196   

Lehman Brothers Holdings, Inc.

      

0.00%, 8/21/09 (h)(s)

      10,000,000      2,300,000   
           

Total Short-Term Investments of Cash Collateral for Securities Loaned

         27,445,196   
           

Time Deposit (0.9%)

      

JPMorgan Chase Nassau

      

0.000%, 4/1/10

      34,675,941      34,675,941   
           

Total Short-Term Investments (1.6%)
(Cost/Amortized Cost $69,821,137)

         62,121,137   
           

Total Investments (101.0%)
(Cost/Amortized Cost $3,480,464,630)

         4,053,508,762   

Other Assets Less Liabilities (-1.0%)

         (38,328,237 ) 
           

Net Assets (100%)

       $ 4,015,180,525   
           

 

* Non-income producing.

 

^ All, or a portion of security out on loan (See Note 1).

 

# All, or a portion of security held by broker as collateral for financial futures contracts, with a total collateral value of $16,343,120.

 

(h) Security in default.

 

(s) Issuer in bankruptcy.

 

(v) Represents the Portfolio’s undivided interest in a joint repurchase agreement. The repurchase agreement was fully collateralized by U.S. government agency securities at the date of this Portfolio of Investments as follows: Government National Mortgage Association, 3.500%-15.000%, maturing 7/15/10 to 3/20/40, which had a total value of $25,648,100.

Glossary:

ADR — American Depositary Receipt

At March 31, 2010, the Portfolio had the following futures contracts open: (Note 1)

 

Purchase

    Number of
Contracts		    Expiration
Date		    Original
Value		    Value at
3/31/2010		    Unrealized
Appreciation/
(Depreciation)		  

S&P 500 E-Mini Index

    88    June-10    $ 5,137,158    $ 5,126,880    $ (10,278 ) 
                    

 

See Notes to Portfolio of Investments.

374

EQ ADVISORS TRUST

EQ/LARGE CAP VALUE PLUS PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

The following is a summary of the inputs used to value the Portfolio’s assets and liabilities carried at fair value as of March 31, 2010:

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, money market securities are valued using amortized cost, in accordance with rules under the Investment Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active market, such securities are reflected as Level 2.

Various inputs are used in determining the value of the Portfolio’s investments. These inputs are summarized in the three broad levels listed below:

 

Investment Type

    Level 1
Quoted prices in active
markets for identical
securities		     Level 2
Significant other
observable inputs
(including quoted prices
for similar securities,
interest rates,
prepayment speeds,
credit risk, etc.)		    Level 3
Significant unobservable
inputs (including the
Portfolio’s own
assumptions in
determining the fair
value of investments)		    Total  

Assets:

           

Common Stocks

           

Consumer Discretionary

    $ 495,165,137      $ —      $ —      $ 495,165,137   

Consumer Staples

      302,540,677        —        —        302,540,677   

Energy

      635,128,314        —        —        635,128,314   

Financials

      925,973,112        —        —        925,973,112   

Health Care

      389,805,354        —        —        389,805,354   

Industrials

      378,442,367        —        —        378,442,367   

Information Technology

      327,300,892        —        —        327,300,892   

Materials

      152,115,060        —        —        152,115,060   

Telecommunication Services

      185,757,627        —        —        185,757,627   

Utilities

      199,153,091        —        —        199,153,091   

Rights

           

Telecommunication Services

      5,994        —        —        5,994   

Short-Term Investments

      —          62,121,137      —        62,121,137   
                              

Total Assets

    $ 3,991,387,625      $ 62,121,137    $ —      $ 4,053,508,762   
                              

Liabilities:

           

Futures

    $ (10,278 )    $ —      $ —      $ (10,278 ) 
                              

Total Liabilities

    $ (10,278 )    $ —      $ —      $ (10,278 ) 
                              

Total

    $ 3,991,377,347      $ 62,121,137    $ —      $ 4,053,498,484   
                              

Investment security transactions for the three months ended March 31, 2010 were as follows:

 

Cost of Purchases:

   

Stocks and long-term corporate debt securities

    $ 249,581,557

Net Proceeds of Sales and Redemptions:

   

Stocks and long-term corporate debt securities

    $ 431,948,431

As of March 31, 2010, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investments for Federal income tax purposes was as follows:

 

Aggregate gross unrealized appreciation

    $ 627,268,057   

Aggregate gross unrealized depreciation

      (289,909,840 ) 
        

Net unrealized appreciation

    $ 337,358,217   
        

Federal income tax cost of investments

    $ 3,716,150,545   
        

At March 31, 2010, the Portfolio had loaned securities with a total value of $34,139,093. This was secured by collateral of $35,145,196, which was received as cash and subsequently invested in short-term investments currently valued at $27,445,196, as reported in the Portfolio of Investments.

The Portfolio has a net capital loss carryforward of $1,713,567,280 of which $541,357,502 expires in the year 2016, and $1,172,209,778 expires in the year 2017.

 

See Notes to Portfolio of Investments.

375

EQ ADVISORS TRUST

EQ/LORD ABBETT GROWTH AND INCOME PORTFOLIO

PORTFOLIO OF INVESTMENTS

March 31, 2010 (Unaudited)

 

 

     Number of
Shares		    Value
(Note 1)

COMMON STOCKS:

      

Consumer Discretionary (12.9%)

      

Automobiles (1.6%)

      

Ford Motor Co.*

    238,890    $ 3,002,847
         

Hotels, Restaurants & Leisure (2.6%)

      

Carnival Corp.

    31,000      1,205,280

Hyatt Hotels Corp., Class A*

    44,600      1,737,616

Marriott International, Inc., Class A

    60,343      1,902,011
         
        4,844,907
         

Household Durables (0.6%)

      

Pulte Group, Inc.*

    100,780      1,133,775
         

Internet & Catalog Retail (1.6%)

      

HSN, Inc.*

    99,406      2,926,513
         

Media (2.6%)

      

Comcast Corp., Class A

    109,720      2,064,931

Omnicom Group, Inc.

    13,830      536,742

Time Warner Cable, Inc.

    17,901      954,302

Time Warner, Inc.

    18,596      581,497

Viacom, Inc., Class B*

    18,170      624,685
         
        4,762,157
         

Multiline Retail (2.9%)

      

J.C. Penney Co., Inc.

    23,840      766,933

Kohl’s Corp.*

    24,340      1,333,345

Target Corp.

    63,120      3,320,112
         
        5,420,390
         

Specialty Retail (0.9%)

      

Home Depot, Inc.

    17,160      555,126

J. Crew Group, Inc.*

    22,590      1,036,881
         
        1,592,007
         

Textiles, Apparel & Luxury Goods (0.1%)

      

NIKE, Inc., Class B

    1,390      102,165
         

Total Consumer Discretionary

         23,784,761
         

Consumer Staples (5.3%)

      

Beverages (0.6%)

      

PepsiCo, Inc.

    17,280      1,143,245
         

Food & Staples Retailing (2.4%)

      

Kroger Co.

    179,746      3,893,298

Wal-Mart Stores, Inc.

    8,426      468,486
         
        4,361,784
         

Food Products (1.7%)

      

Archer-Daniels-Midland Co.

    88,130      2,546,957

Kraft Foods, Inc., Class A

    20,089      607,491
         
        3,154,448
         

Household Products (0.6%)

      

Colgate-Palmolive Co.

    13,630      1,162,094
         

Total Consumer Staples

         9,821,571
         

Energy (16.7%)

      

Energy Equipment & Services (4.1%)

      

Halliburton Co.

    81,010      2,440,831

Schlumberger Ltd.

    68,949      4,375,504

Smith International, Inc.

    17,840      763,909
         
        7,580,244
         

Oil, Gas & Consumable Fuels (12.6%)

      

Anadarko Petroleum Corp.

    2,540      184,988

Apache Corp.

    3,930      398,895

Chevron Corp.

    59,520    $ 4,513,402

ConocoPhillips

    3,490      178,583

Devon Energy Corp.

    11,640      749,965

El Paso Corp.

    162,680      1,763,451

EOG Resources, Inc.

    10,260      953,564

Exxon Mobil Corp.

    100,846      6,754,665

Hess Corp.

    16,730      1,046,462

Marathon Oil Corp.

    55,710      1,762,664

Occidental Petroleum Corp.

    2,200      185,988

Petroleo Brasileiro S.A. (ADR)

    23,680      1,053,523

Southwestern Energy Co.*

    3,850      156,772

Suncor Energy, Inc.

    34,450      1,121,003

Valero Energy Corp.

    35,510      699,547

XTO Energy, Inc.

    38,080      1,796,615
         
        23,320,087
         

Total Energy

         30,900,331
         

Financials (28.3%)

      

Capital Markets (8.1%)

      

Bank of New York Mellon Corp.

    125,137      3,864,231

Charles Schwab Corp.

    109,880      2,053,657

Franklin Resources, Inc.

    13,430      1,489,387

Goldman Sachs Group, Inc.

    19,250      3,284,627

Morgan Stanley

    87,630      2,566,683

State Street Corp.

    39,450      1,780,773
         
        15,039,358
         

Commercial Banks (12.1%)

      

BB&T Corp.

    34,540      1,118,751

KeyCorp.

    194,430      1,506,833

M&T Bank Corp.

    16,480      1,308,182

PNC Financial Services Group, Inc.

    51,540      3,076,938

Regions Financial Corp.

    116,110      911,463

SunTrust Banks, Inc.

    142,320      3,812,753

Wells Fargo & Co.

    271,160      8,438,499

Zions Bancorp

    97,030      2,117,195
         
        22,290,614
         
Diversified Financial Services (7.3%)      

Bank of America Corp.

    263,616      4,705,546

Citigroup, Inc.*

    516,300      2,091,015

JPMorgan Chase & Co.

    149,359      6,683,815
         
        13,480,376
         

Insurance (0.6%)

      

MetLife, Inc.

    23,998      1,040,073

Real Estate Investment Trusts (REITs) (0.2%)

      

Annaly Capital Management, Inc. (REIT)

    24,000      412,320
         

Total Financials

         52,262,741
         

Health Care (9.5%)

      

Biotechnology (2.0%)

      

Amgen, Inc.*

    33,470      2,000,167

Gilead Sciences, Inc.*

    35,640      1,620,907
         
        3,621,074
         

Health Care Equipment & Supplies (1.5%)

      

Boston Scientific Corp.*

    105,350      760,627

Covidien plc

    41,860      2,104,721
         
        2,865,348
         

Health Care Providers & Services (1.7%)

      

UnitedHealth Group, Inc.*

    94,490      3,086,988
         

 

See Notes to Portfolio of Investments.

376

EQ ADVISORS TRUST

EQ/LORD ABBETT GROWTH AND INCOME PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)		  

Pharmaceuticals (4.3%)

      

Abbott Laboratories, Inc.

      46,217    $ 2,434,712   

Johnson & Johnson

      26,050      1,698,460   

Merck & Co., Inc.

      32,270      1,205,285   

Teva Pharmaceutical Industries Ltd. (ADR)

      42,730      2,695,408   
           
        8,033,865   
           

Total Health Care

         17,607,275   
           

Industrials (9.5%)

      

Aerospace & Defense (1.3%)

      

Honeywell International, Inc.

      18,040      816,671   

Lockheed Martin Corp.

      12,750      1,061,055   

Raytheon Co.

      8,730      498,658   
           
        2,376,384   
           

Airlines (3.4%)

      

AMR Corp.*

      37,740      343,811   

Delta Air Lines, Inc.*

      410,230      5,985,256   
           
        6,329,067   
           

Electrical Equipment (0.6%)

      

Emerson Electric Co.

      22,400      1,127,616   
           

Machinery (3.1%)

      

Caterpillar, Inc.

      30,480      1,915,668   

Eaton Corp.

      50,286      3,810,170   
           
        5,725,838   
           

Road & Rail (1.1%)

      

Hertz Global Holdings, Inc.*

      198,780      1,985,812   
           

Total Industrials

         17,544,717   
           

Information Technology (2.1%)

      

Computers & Peripherals (1.5%)

      

EMC Corp.*

      59,440      1,072,298   

Hewlett-Packard Co.

      32,180      1,710,367   
           
        2,782,665   
           

Semiconductors & Semiconductor Equipment (0.6%)

      

Intel Corp.

      47,040      1,047,110   
           

Total Information Technology

         3,829,775   
           

Materials (6.7%)

      

Chemicals (2.7%)

      

Dow Chemical Co.

      66,900      1,978,233   

Mosaic Co.

      34,630      2,104,465   

Potash Corp. of Saskatchewan, Inc.

      3,760      448,756   

Praxair, Inc.

      4,540      376,820   
           
        4,908,274   
           

Metals & Mining (4.0%)

      

Barrick Gold Corp.

      55,420      2,124,803   

Cliffs Natural Resources, Inc.

      30,880      2,190,936   

Newmont Mining Corp.

      27,280      1,389,370   

United States Steel Corp.

      25,950      1,648,344   
           
        7,353,453   
           

Total Materials

         12,261,727   
           

Telecommunication Services (2.4%)

      

Diversified Telecommunication Services (2.4%)

      

AT&T, Inc.

      110,717      2,860,927   

Verizon Communications, Inc.

      48,630      1,508,503   
           

Total Telecommunication Services

         4,369,430   
           

Utilities (1.6%)

      

Electric Utilities (1.0%)

      

Southern Co.

      55,550    $ 1,842,038   
           

Multi-Utilities (0.6%)

      

PG&E Corp.

      27,310      1,158,490   
           

Total Utilities

         3,000,528   
           

Total Common Stocks (95.0%)
(Cost $147,454,312)

         175,382,856   
           
     Principal
Amount		    Value
(Note 1)		  

SHORT-TERM INVESTMENT:

      

Time Deposit (6.7%)

      

JPMorgan Chase Nassau

      

0.000%, 4/1/10

      

(Amortized Cost $12,458,126)

    $ 12,458,126      12,458,126   
           

Total Investments (101.7%)
(Cost/Amortized Cost $159,912,438)

         187,840,982   

Other Assets Less Liabilities (-1.7%)

         (3,202,309 ) 
           

Net Assets (100%)

       $ 184,638,673   
           

 

* Non-income producing.

Glossary:

ADR — American Depositary Receipt

 

See Notes to Portfolio of Investments.

377

EQ ADVISORS TRUST

EQ/LORD ABBETT GROWTH AND INCOME PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

The following is a summary of the inputs used to value the Portfolio’s assets and liabilities at fair value as of March 31, 2010:

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, money market securities are valued using amortized cost, in accordance with rules under the Investment Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active market, such securities are reflected as Level 2.

Various inputs are used in determining the value of the Portfolio’s investments. These inputs are summarized in the three broad levels listed below:

 

Investment Type

    Level 1
Quoted prices in active
markets for identical
securities		    Level 2
Significant other
observable inputs
(including quoted prices
for similar securities,
interest rates,
prepayment speeds,
credit risk, etc.)		    Level 3
Significant unobservable
inputs (including the
Portfolio’s own
assumptions in
determining the fair
value of investments)		    Total

Asset:

            

Common Stocks

            

Consumer Discretionary

    $ 23,784,761    $ —      $ —      $ 23,784,761

Consumer Staples

      9,821,571      —        —        9,821,571

Energy

      30,900,331      —        —        30,900,331

Financials

      52,262,741      —        —        52,262,741

Health Care

      17,607,275      —        —        17,607,275

Industrials

      17,544,717      —        —        17,544,717

Information Technology

      3,829,775      —        —        3,829,775

Materials

      12,261,727      —        —        12,261,727

Telecommunication Services

      4,369,430      —        —        4,369,430

Utilities

      3,000,528      —        —        3,000,528

Short-Term Investments

      —        12,458,126      —        12,458,126
                           

Total Asset

    $ 175,382,856    $ 12,458,126    $ —      $ 187,840,982
                           

Total Liability

    $ —      $ —      $ —      $ —  
                           

Total

    $ 175,382,856    $ 12,458,126    $ —      $ 187,840,982
                           

Investment security transactions for the three months ended March 31, 2010 were as follows:

 

Cost of Purchases:

   

Stocks and long-term corporate debt securities

    $ 19,695,906

Net Proceeds of Sales and Redemptions:

   

Stocks and long-term corporate debt securities

    $ 20,911,649

As of March 31, 2010, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investments for Federal income tax purposes was as follows:

 

Aggregate gross unrealized appreciation

    $ 28,252,113   

Aggregate gross unrealized depreciation

      (4,784,207 ) 
        

Net unrealized appreciation

    $ 23,467,906   
        

Federal income tax cost of investments

    $ 164,373,076   
        

The Portfolio has a net capital loss carryforward of $58,084,849 of which $20,069,753 expires in the year 2016, and $38,015,096 expires in 2017.

 

See Notes to Portfolio of Investments.

378

EQ ADVISORS TRUST

EQ/LORD ABBETT LARGE CAP CORE PORTFOLIO

PORTFOLIO OF INVESTMENTS

March 31, 2010 (Unaudited)

 

 

     Number of
Shares		    Value
(Note 1)

COMMON STOCKS:

      

Consumer Discretionary (13.7%)

      

Hotels, Restaurants & Leisure (6.4%)

      

Boyd Gaming Corp.*

    37,958    $ 375,025

Carnival Corp.

    62,400      2,426,112

Darden Restaurants, Inc.

    16,558      737,493

Hyatt Hotels Corp., Class A*

    10,098      393,418

International Game Technology

    73,231      1,351,112

Marriott International, Inc., Class A .

    112,201      3,536,576

Royal Caribbean Cruises Ltd.*

    15,490      511,015

Starwood Hotels & Resorts Worldwide, Inc

    42,983      2,004,727

Wynn Resorts Ltd.

    37,885      2,872,820
         
        14,208,298
         

Media (1.5%)

      

DreamWorks Animation SKG, Inc., Class A*

    5,000      196,950

Time Warner, Inc.

    39,776      1,243,795

Walt Disney Co.

    57,077      1,992,558
         
        3,433,303
         

Multiline Retail (2.9%)

      

J.C. Penney Co., Inc.

    42,626      1,371,279

Kohl’s Corp.*

    27,306      1,495,823

Macy’s, Inc.

    18,464      401,961

Target Corp.

    60,689      3,192,241
         
        6,461,304
         

Specialty Retail (2.4%)

      

Best Buy Co., Inc.

    33,663      1,432,024

Dick’s Sporting Goods, Inc.*

    112,954      2,949,229

Home Depot, Inc.

    30,365      982,308
         
        5,363,561
         

Textiles, Apparel & Luxury Goods (0.5%)

      

Coach, Inc.

    27,802      1,098,735
         

Total Consumer Discretionary

         30,565,201
         

Consumer Staples (5.2%)

      

Beverages (1.5%)

      

Coca-Cola Co.

    38,845      2,136,475

PepsiCo, Inc.

    18,734      1,239,442
         
        3,375,917
         

Food & Staples Retailing (1.1%)

      

CVS Caremark Corp.

    36,916      1,349,649

Wal-Mart Stores, Inc.

    18,759      1,043,000
         
        2,392,649
         

Food Products (0.6%)

      

Kellogg Co.

    10,046      536,758

Kraft Foods, Inc., Class A

    29,176      882,282
         
        1,419,040
         

Household Products (1.8%)

      

Colgate-Palmolive Co.

    8,586      732,042

Procter & Gamble Co.

    50,051      3,166,727
         
        3,898,769
         

Tobacco (0.2%)

      

Altria Group, Inc.

    24,290      498,431
         

Total Consumer Staples

         11,584,806
         

Energy (10.4%)

      

Energy Equipment & Services (2.4%)

      

Schlumberger Ltd.

    54,714      3,472,150

Smith International, Inc.

    27,230      1,165,989

Weatherford International Ltd.*

    51,853    $ 822,389
         
        5,460,528
         

Oil, Gas & Consumable Fuels (8.0%)

      

Apache Corp.

    15,353      1,558,329

BP plc (ADR)

    7,595      433,447

Chevron Corp.

    24,531      1,860,186

Continental Resources, Inc.*

    16,279      692,671

Devon Energy Corp.

    14,014      902,922

EOG Resources, Inc.

    12,032      1,118,254

Exxon Mobil Corp.

    51,392      3,442,236

Hess Corp.

    41,736      2,610,587

Marathon Oil Corp.

    6,790      214,836

Occidental Petroleum Corp.

    16,664      1,408,774

Petrohawk Energy Corp.*

    16,391      332,409

Range Resources Corp.

    7,364      345,151

Southwestern Energy Co.*

    16,437      669,315

Suncor Energy, Inc.

    65,830      2,142,108
         
        17,731,225
         

Total Energy

         23,191,753
         

Financials (20.0%)

      

Capital Markets (6.3%)

      

Bank of New York Mellon Corp.

    21,989      679,020

Franklin Resources, Inc.

    10,222      1,133,620

Goldman Sachs Group, Inc.

    27,174      4,636,700

Morgan Stanley

    97,172      2,846,168

State Street Corp.

    63,892      2,884,085

T. Rowe Price Group, Inc.

    31,068      1,706,565
         
        13,886,158
         

Commercial Banks (5.3%)

      

Fifth Third Bancorp

    144,978      1,970,251

PNC Financial Services Group, Inc.

    37,651      2,247,765

Regions Financial Corp.

    171,665      1,347,570

SunTrust Banks, Inc.

    38,842      1,040,577

U.S. Bancorp

    65,990      1,707,821

Wells Fargo & Co.

    111,475      3,469,102
         
        11,783,086
         

Consumer Finance (1.0%)

      

Capital One Financial Corp.

    52,972      2,193,570
         

Diversified Financial Services (5.1%)

      

Bank of America Corp.

    347,633      6,205,249

JPMorgan Chase & Co.

    115,242      5,157,080
         
        11,362,329
         

Insurance (1.5%)

      

MetLife, Inc.

    46,799      2,028,269

Prudential Financial, Inc.

    23,301      1,409,710
         
        3,437,979
         

Real Estate Investment Trusts (REITs) (0.8%)

      

Host Hotels & Resorts, Inc. (REIT) .

    117,800      1,725,770
         

Total Financials

         44,388,892
         

Health Care (11.1%)

      

Biotechnology (3.4%)

      

Amgen, Inc.*

    47,607      2,844,994

Celgene Corp.*

    17,583      1,089,443

Genzyme Corp.*

    17,965      931,126

Gilead Sciences, Inc.*

    29,116      1,324,196

Human Genome Sciences, Inc.*

    16,430      496,186

Myriad Genetics, Inc.*

    13,600      327,080

Vertex Pharmaceuticals, Inc.*

    12,470      509,649
         
        7,522,674
         

 

See Notes to Portfolio of Investments.

379

EQ ADVISORS TRUST

EQ/LORD ABBETT LARGE CAP CORE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

 

     Number of
Shares		    Value
(Note 1)		  

Health Care Equipment & Supplies (0.5%)

      

Baxter International, Inc.

      10,145    $ 590,439   

St. Jude Medical, Inc.*

      13,087      537,221   
           
        1,127,660   
           

Health Care Providers & Services (2.2%)

      

Express Scripts, Inc.*

      26,308      2,677,102   

Medco Health Solutions, Inc.*

      24,156      1,559,512   

Quest Diagnostics, Inc.

      12,763      743,955   
           
        4,980,569   
           

Pharmaceuticals (5.0%)

      

Abbott Laboratories, Inc.

      39,823      2,097,876   

Johnson & Johnson

      47,950      3,126,340   

Merck & Co., Inc.

      75,404      2,816,339   

Pfizer, Inc.

      176,126      3,020,561   
           
        11,061,116   
           

Total Health Care

         24,692,019   
           

Industrials (6.6%)

      

Aerospace & Defense (2.3%)

      

Boeing Co.

      2,116      153,643   

Honeywell International, Inc.

      25,809      1,168,373   

Precision Castparts Corp.

      16,784      2,126,700   

United Technologies Corp.

      22,311      1,642,313   
           
        5,091,029   
           

Electrical Equipment (0.5%)

      

Emerson Electric Co.

      21,955      1,105,215   
           

Industrial Conglomerates (1.0%)

      

General Electric Co.

      127,933      2,328,380   
           

Machinery (1.4%)

      

Eaton Corp.

      15,490      1,173,677   

Parker Hannifin Corp.

      28,310      1,832,790   
           
        3,006,467   
           

Road & Rail (1.4%)

      

Union Pacific Corp.

      42,116      3,087,103   
           

Total Industrials

         14,618,194   
           

Information Technology (21.7%)

      

Communications Equipment (3.3%)

      

Cisco Systems, Inc.*

      130,551      3,398,242   

Nokia Oyj (ADR)

      46,072      715,959   

QUALCOMM, Inc.

      74,842      3,142,616   
           
        7,256,817   
           

Computers & Peripherals (6.2%)

      

Apple, Inc.*

      26,970      6,336,062   

Dell, Inc.*

      144,951      2,175,715   

EMC Corp.*

      98,882      1,783,831   

Hewlett-Packard Co.

      66,195      3,518,264   
           
        13,813,872   
           

Electronic Equipment, Instruments & Components (0.7%)

      

Corning, Inc.

      59,088      1,194,169   

Dolby Laboratories, Inc., Class A*

      4,260      249,934   
           
        1,444,103   
           

Internet Software & Services (2.5%)

      

Google, Inc., Class A*

      8,192      4,644,946   

Monster Worldwide, Inc.*

      59,332      985,504   
           
        5,630,450   
           

IT Services (0.1%)

      

Mastercard, Inc., Class A

      987      250,698   
           

Semiconductors & Semiconductor Equipment (2.9%)

      

Broadcom Corp., Class A

      23,303      773,194   

Intel Corp.

      140,746    $ 3,133,006   

Micron Technology, Inc.*

      177,987      1,849,285   

Texas Instruments, Inc.

      31,307      766,082   
           
        6,521,567   
           

Software (6.0%)

      

Activision Blizzard, Inc.

      207,581      2,503,427   

Adobe Systems, Inc.*

      87,483      3,094,273   

Microsoft Corp.

      152,562      4,465,490   

Oracle Corp.

      65,990      1,695,283   

VMware, Inc., Class A*

      28,526      1,520,436   
           
        13,278,909   
           

Total Information Technology

         48,196,416   
           

Materials (6.6%)

      

Chemicals (5.1%)

      

Celanese Corp., Class A

      32,947      1,049,362   

Dow Chemical Co.

      97,114      2,871,661   

E.I. du Pont de Nemours & Co.

      22,192      826,430   

Monsanto Co.

      54,618      3,900,817   

Potash Corp. of Saskatchewan, Inc.

      22,599      2,697,191   
           
        11,345,461   
           

Metals & Mining (1.5%)

      

Freeport-McMoRan Copper & Gold, Inc.

      21,032      1,757,013   

United States Steel Corp.

      27,013      1,715,866   
           
        3,472,879   
           

Total Materials

         14,818,340   
           

Telecommunication Services (1.2%)

      

Diversified Telecommunication Services (1.2%)

      

AT&T, Inc.

      73,479      1,898,698   

Verizon Communications, Inc.

      22,600      701,052   
           

Total Telecommunication Services

         2,599,750   
           

Utilities (0.8%)

      

Electric Utilities (0.5%)

      

FPL Group, Inc.

      11,938      576,964   

Progress Energy, Inc.

      11,231      442,052   
           
        1,019,016   
           

Multi-Utilities (0.3%)

      

Dominion Resources, Inc.

      16,660      684,892   
           

Total Utilities

         1,703,908   
           

Total Common Stocks (97.3%)
(Cost $179,672,825)

         216,359,279   
           
     Principal
Amount		    Value
(Note 1)		  

SHORT-TERM INVESTMENT:

      

Time Deposit (2.9%)

      

JPMorgan Chase Nassau

      

0.000%, 4/1/10

      

(Amortized Cost $6,383,564)

    $ 6,383,564      6,383,564   
           

Total Investments (100.2%)
(Cost/Amortized Cost $186,056,389)

         222,742,843   

Other Assets Less Liabilities (-0.2%)

         (463,207 ) 
           

Net Assets (100%)

       $ 222,279,636   
           

 

* Non-income producing.

Glossary:

ADR — American Depositary Receipt

 

See Notes to Portfolio of Investments.

380

EQ ADVISORS TRUST

EQ/LORD ABBETT LARGE CAP CORE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

The following is a summary of the inputs used to value the Portfolio’s assets and liabilities carried at fair value as of March 31, 2010:

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, money market securities are valued using amortized cost, in accordance with rules under the Investment Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active market, such securities are reflected as Level 2.

Various inputs are used in determining the value of the Portfolio’s investments. These inputs are summarized in the three broad levels listed below:

 

Investment Type

    Level 1
Quoted prices in active
markets for identical
securities		    Level 2
Significant other
observable inputs
(including quoted prices
for similar securities,
interest rates,
prepayment speeds,
credit risk, etc.)		    Level 3
Significant unobservable
inputs (including the
Portfolio’s own
assumptions in
determining the fair
value of investments)		    Total

Assets:

            

Common Stocks

            

Consumer Discretionary

    $ 30,565,201    $ —      $ —      $ 30,565,201

Consumer Staples

      11,584,806      —        —        11,584,806

Energy

      23,191,753      —        —        23,191,753

Financials

      44,388,892      —        —        44,388,892

Health Care

      24,692,019      —        —        24,692,019

Industrials

      14,618,194      —        —        14,618,194

Information Technology

      48,196,416      —        —        48,196,416

Materials

      14,818,340      —        —        14,818,340

Telecommunication Services

      2,599,750      —        —        2,599,750

Utilities

      1,703,908      —        —        1,703,908

Short-Term Investments

      —        6,383,564      —        6,383,564
                           

Total Assets

    $ 216,359,279    $ 6,383,564    $ —      $ 222,742,843
                           

Total Liabilities

    $ —      $ —      $ —      $ —  
                           

Total

    $ 216,359,279    $ 6,383,564    $ —      $ 222,742,843
                           

Investment security transactions for the three months ended March 31, 2010 were as follows:

 

Cost of Purchases:

   

Stocks and long-term corporate debt securities

    $ 18,142,444

Net Proceeds of Sales and Redemptions:

   

Stocks and long-term corporate debt securities

    $ 6,221,608

As of March 31, 2010, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investments for Federal income tax purposes was as follows:

 

Aggregate gross unrealized appreciation

    $ 36,271,452   

Aggregate gross unrealized depreciation

      (3,254,436 ) 
        

Net unrealized appreciation

    $ 33,017,016   
        

Federal income tax cost of investments

    $ 189,725,827   
        

The Portfolio has a net capital loss carryforward of $14,102,674 of which $3,308,587 expires in the year 2016, and $10,794,087 expires in the year 2017.

 

See Notes to Portfolio of Investments.

381

EQ ADVISORS TRUST

EQ/MID CAP INDEX PORTFOLIO

PORTFOLIO OF INVESTMENTS

March 31, 2010 (Unaudited)

 

 

     Number of
Shares		    Value
(Note 1)

COMMON STOCKS:

      

Consumer Discretionary (14.3%)

      

Auto Components (0.7%)

      

BorgWarner, Inc.*

    146,576    $ 5,596,271

Gentex Corp

    173,226      3,364,049
         
        8,960,320
         

Automobiles (0.1%)

      

Thor Industries, Inc.

    44,921      1,357,063
         

Distributors (0.3%)

      

LKQ Corp.*

    177,010      3,593,303
         

Diversified Consumer Services (1.9%)

      

Brink’s Home Security Holdings, Inc.*

    57,356      2,440,498

Career Education Corp.*

    87,851      2,779,606

Corinthian Colleges, Inc.*^

    109,544      1,926,879

ITT Educational Services, Inc.*

    37,363      4,202,590

Matthews International Corp., Class A

    38,308      1,359,934

Regis Corp.

    72,562      1,355,458

Service Corp. International

    317,652      2,916,045

Sotheby’s, Inc.

    83,758      2,604,036

Strayer Education, Inc.^

    17,551      4,274,020
         
        23,859,066
         

Hotels, Restaurants & Leisure (2.2%)

      

Bally Technologies, Inc.*^

    68,900      2,793,206

Bob Evans Farms, Inc.

    39,419      1,218,441

Boyd Gaming Corp.*^

    69,926      690,869

Brinker International, Inc.

    128,416      2,475,860

Burger King Holdings, Inc.

    116,400      2,474,664

Cheesecake Factory, Inc.*^

    75,963      2,055,559

Chipotle Mexican Grill, Inc.*

    39,773      4,481,224

International Speedway Corp., Class A

    38,781      999,386

Life Time Fitness, Inc.*

    52,078      1,463,392

Panera Bread Co., Class A*

    39,752      3,040,631

Scientific Games Corp., Class A*^

    82,198      1,157,348

Wendy’s/Arby’s Group, Inc., Class A

    434,207      2,171,035

WMS Industries, Inc.*

    66,184      2,775,757
         
        27,797,372
         

Household Durables (1.8%)

      

American Greetings Corp., Class A^

    50,136      1,044,834

KB Home

    93,800      1,571,150

M.D.C. Holdings, Inc.

    46,986      1,626,185

Mohawk Industries, Inc.*

    70,981      3,859,947

NVR, Inc.*

    7,628      5,541,742

Ryland Group, Inc.

    55,607      1,247,821

Toll Brothers, Inc.*

    173,597      3,610,818

Tupperware Brands Corp.

    79,636      3,840,048
         
        22,342,545
         

Internet & Catalog Retail (0.3%)

      

Netflix, Inc.*^

    53,055      3,912,276
         

Media (0.8%)

      

DreamWorks Animation SKG, Inc., Class A*

    94,602      3,726,373

Harte-Hanks, Inc.^

    48,339      621,639

John Wiley & Sons, Inc., Class A

    53,596      2,319,635

Lamar Advertising Co., Class A*

    67,411      2,315,568

Scholastic Corp.

    32,428      907,984
         
        9,891,199
         

Multiline Retail (0.7%)

      

99 Cents Only Stores*

    57,465    $ 936,680

Dollar Tree, Inc.*

    110,919      6,568,623

Saks, Inc.*^

    200,529      1,724,549
         
        9,229,852
         

Specialty Retail (4.3%)

      

Aaron’s, Inc.

    68,620      2,287,791

Advance Auto Parts, Inc.

    115,751      4,852,282

Aeropostale, Inc.*^

    124,242      3,581,897

American Eagle Outfitters, Inc.

    260,585      4,826,034

AnnTaylor Stores Corp.*^

    74,091      1,533,684

Barnes & Noble, Inc.^

    50,419      1,090,059

CarMax, Inc.*

    278,717      7,001,371

Chico’s FAS, Inc.

    222,670      3,210,901

Coldwater Creek, Inc.*^

    74,156      514,643

Collective Brands, Inc.*

    80,865      1,838,870

Dick’s Sporting Goods, Inc.*

    112,113      2,927,270

Foot Locker, Inc.

    196,078      2,949,013

Guess?, Inc.

    73,454      3,450,869

J. Crew Group, Inc.*

    70,834      3,251,281

PetSmart, Inc.

    155,901      4,982,596

Rent-A-Center, Inc.*

    83,084      1,964,936

Williams-Sonoma, Inc.

    133,879      3,519,679
         
        53,783,176
         

Textiles, Apparel & Luxury Goods (1.2%)

      

Fossil, Inc.*^

    60,793      2,294,328

Hanesbrands, Inc.*^

    119,865      3,334,644

Phillips-Van Heusen Corp.

    65,391      3,750,828

Timberland Co., Class A*

    56,177      1,198,817

Under Armour, Inc., Class A*^

    47,253      1,389,711

Warnaco Group, Inc.*

    57,000      2,719,470
         
        14,687,798
         

Total Consumer Discretionary

         179,413,970
         

Consumer Staples (3.9%)

      

Beverages (0.3%)

      

Hansen Natural Corp.*

    89,650      3,889,017
         

Food & Staples Retailing (0.4%)

      

BJ’s Wholesale Club, Inc.*^

    69,772      2,580,866

Ruddick Corp.^

    50,925      1,611,267
         
        4,192,133
         

Food Products (1.7%)

      

Corn Products International, Inc.

    94,289      3,268,057

Flowers Foods, Inc.^

    96,849      2,396,044

Green Mountain Coffee Roasters, Inc.*

    43,700      4,231,034

Lancaster Colony Corp.

    24,385      1,437,740

Ralcorp Holdings, Inc.*

    68,611      4,650,454

Smithfield Foods, Inc.*^

    176,637      3,663,451

Tootsie Roll Industries, Inc.

    34,145      922,926
         
        20,569,706
         

Household Products (0.9%)

      

Church & Dwight Co., Inc.

    88,399      5,918,313

Energizer Holdings, Inc.*

    87,577      5,496,333
         
        11,414,646
         

Personal Products (0.5%)

      

Alberto-Culver Co.

    107,126      2,801,345

NBTY, Inc.*

    78,240      3,753,955
         
        6,555,300
         

 

See Notes to Portfolio of Investments.

382

EQ ADVISORS TRUST

EQ/MID CAP INDEX PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

 

     Number of
Shares		    Value
(Note 1)

Tobacco (0.1%)

      

Universal Corp.^

    31,264    $ 1,647,300
         

Total Consumer Staples

         48,268,102
         

Energy (5.7%)

      

Energy Equipment & Services (2.1%)

      

Atwood Oceanics, Inc.*

    70,900      2,455,267

Exterran Holdings, Inc.*^

    78,249      1,891,278

Helix Energy Solutions Group, Inc.*.

    116,589      1,519,155

Oceaneering International, Inc.*

    68,784      4,367,096

Patterson-UTI Energy, Inc.^

    192,619      2,690,888

Pride International, Inc.*

    219,467      6,608,151

Superior Energy Services, Inc.*

    97,884      2,057,522

Tidewater, Inc.

    65,523      3,097,272

Unit Corp.*

    51,086      2,159,916
         
        26,846,545
         

Oil, Gas & Consumable Fuels (3.6%)

      

Arch Coal, Inc.

    203,824      4,657,378

Bill Barrett Corp.*

    48,374      1,485,566

Cimarex Energy Co.

    104,839      6,225,340

Comstock Resources, Inc.*

    58,366      1,856,039

Forest Oil Corp.*^

    140,604      3,630,395

Frontier Oil Corp.^

    131,710      1,778,085

Mariner Energy, Inc.*

    127,375      1,906,804

Newfield Exploration Co.*^

    167,233      8,704,478

Overseas Shipholding Group, Inc.

    33,743      1,323,738

Patriot Coal Corp.*

    95,003      1,943,761

Plains Exploration & Production Co.*^

    175,014      5,248,670

Quicksilver Resources, Inc.*

    148,305      2,086,651

Southern Union Co.

    155,952      3,956,502
         
        44,803,407
         

Total Energy

         71,649,952
         

Financials (19.8%)

      

Capital Markets (2.2%)

      

Affiliated Managers Group, Inc.*^

    52,608      4,156,032

Apollo Investment Corp.

    218,366      2,779,799

Eaton Vance Corp.

    147,205      4,937,256

Greenhill & Co., Inc.

    25,800      2,117,922

Jefferies Group, Inc.^

    151,057      3,575,519

Raymond James Financial, Inc.^

    123,646      3,306,294

SEI Investments Co.

    163,189      3,585,262

Waddell & Reed Financial, Inc., Class A

    106,799      3,849,036
         
        28,307,120
         

Commercial Banks (3.7%)

      

Associated Banc-Corp^

    216,600      2,989,080

BancorpSouth, Inc.^

    91,895      1,926,119

Bank of Hawaii Corp.

    60,052      2,699,337

Cathay General Bancorp

    94,418      1,099,970

City National Corp./California^

    54,207      2,925,552

Commerce Bancshares, Inc./Missouri

    91,292      3,755,753

Cullen/Frost Bankers, Inc.^

    75,126      4,192,031

FirstMerit Corp.

    107,499      2,318,754

Fulton Financial Corp.^

    222,531      2,267,591

International Bancshares Corp.^

    65,660      1,509,523

PacWest Bancorp^

    37,865      864,079

Prosperity Bancshares, Inc.

    58,300      2,390,300

SVB Financial Group*^

    51,881      2,420,768

Synovus Financial Corp.^

    606,663      1,995,921

TCF Financial Corp.^

    154,182      2,457,661

Trustmark Corp.^

    70,863      1,731,183

Valley National Bancorp

    192,114    $ 2,952,792

Webster Financial Corp.^

    81,611      1,427,376

Westamerica Bancorp

    36,512      2,104,917

Wilmington Trust Corp.^

    111,635      1,849,792
         
        45,878,499
         

Consumer Finance (0.2%)

      

AmeriCredit Corp.*

    121,781      2,893,517
         

Diversified Financial Services (0.4%)

      

MSCI, Inc., Class A*

    130,400      4,707,440
         

Insurance (4.5%)

      

American Financial Group, Inc./Ohio

    99,079      2,818,797

Arthur J. Gallagher & Co.

    127,386      3,127,326

Brown & Brown, Inc.

    147,703      2,646,838

Everest Reinsurance Group Ltd.

    74,404      6,021,516

Fidelity National Financial, Inc., Class A

    288,784      4,279,779

First American Corp.

    129,755      4,390,909

Hanover Insurance Group, Inc.^

    62,979      2,746,514

HCC Insurance Holdings, Inc.

    143,708      3,966,341

Horace Mann Educators Corp.^

    49,837      750,545

Mercury General Corp.

    44,988      1,966,875

Old Republic International Corp.^

    301,148      3,818,557

Protective Life Corp.

    108,320      2,381,957

Reinsurance Group of America, Inc.

    91,372      4,798,857

StanCorp Financial Group, Inc.

    59,274      2,823,221

Transatlantic Holdings, Inc.

    80,800      4,266,240

Unitrin, Inc.

    63,195      1,772,620

W.R. Berkley Corp.

    160,969      4,199,681
         
        56,776,573
         

Real Estate Investment Trusts (REITs) (7.0%)

      

Alexandria Real Estate Equities, Inc. (REIT)^

    55,265      3,735,914

AMB Property Corp. (REIT)

    187,109      5,096,849

BRE Properties, Inc. (REIT)^

    68,047      2,432,680

Camden Property Trust (REIT)

    80,275      3,341,848

Corporate Office Properties Trust/Maryland (REIT)^

    73,002      2,929,570

Cousins Properties, Inc. (REIT)

    127,926      1,063,065

Duke Realty Corp. (REIT)

    281,004      3,484,450

Equity One, Inc. (REIT)

    41,639      786,561

Essex Property Trust, Inc. (REIT)^

    36,402      3,274,360

Federal Realty Investment Trust (REIT)^

    76,812      5,592,682

Highwoods Properties, Inc. (REIT)^.

    89,066      2,826,064

Hospitality Properties Trust (REIT) .

    155,098      3,714,597

Liberty Property Trust (REIT)

    141,208      4,792,600

Macerich Co. (REIT)

    123,727      4,739,981

Mack-Cali Realty Corp. (REIT)

    98,392      3,468,318

Nationwide Health Properties, Inc. (REIT)

    147,248      5,175,767

Omega Healthcare Investors, Inc. (REIT)

    111,331      2,169,841

Potlatch Corp. (REIT)

    50,047      1,753,647

Rayonier, Inc. (REIT)

    99,727      4,530,598

Realty Income Corp. (REIT)^

    131,123      4,024,165

Regency Centers Corp. (REIT)

    100,999      3,784,433

Senior Housing Properties Trust (REIT)

    161,200      3,570,580

SL Green Realty Corp. (REIT)

    96,909      5,549,978

UDR, Inc. (REIT)

    195,027      3,440,276

 

See Notes to Portfolio of Investments.

383

EQ ADVISORS TRUST

EQ/MID CAP INDEX PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Weingarten Realty Investors (REIT)^

    132,074    $ 2,847,516
         
        88,126,340
         

Real Estate Management & Development (0.3%)

      

Jones Lang LaSalle, Inc.

    52,588      3,833,139
         

Thrifts & Mortgage Finance (1.5%)

      

Astoria Financial Corp.^

    103,189      1,496,240

First Niagara Financial Group, Inc.

    236,535      3,363,528

New York Community Bancorp, Inc.^

    543,308      8,986,314

NewAlliance Bancshares, Inc.

    134,418      1,696,355

Washington Federal, Inc.

    142,333      2,892,207
         
        18,434,644
         

Total Financials

         248,957,272
         

Health Care (12.4%)

      

Biotechnology (1.4%)

      

OSI Pharmaceuticals, Inc.*

    72,856      4,338,575

United Therapeutics Corp.*

    59,704      3,303,422

Vertex Pharmaceuticals, Inc.*

    251,551      10,280,890
         
        17,922,887
         

Health Care Equipment & Supplies (4.0%)

      

Beckman Coulter, Inc.

    87,155      5,473,334

Edwards Lifesciences Corp.*

    71,158      7,036,103

Gen-Probe, Inc.*^

    62,201      3,110,050

Hill-Rom Holdings, Inc

    79,014      2,149,971

Hologic, Inc.*

    323,860      6,004,365

IDEXX Laboratories, Inc.*^

    73,431      4,225,954

Immucor, Inc.*

    88,908      1,990,650

Kinetic Concepts, Inc.*

    78,383      3,747,491

Masimo Corp.^

    65,575      1,741,016

ResMed, Inc.*^

    94,188      5,995,066

STERIS Corp.^

    74,220      2,498,245

Teleflex, Inc.

    50,057      3,207,152

Thoratec Corp.*^

    71,215      2,382,142
         
        49,561,539
         

Health Care Providers & Services (3.3%)

      

Community Health Systems, Inc.*

    116,442      4,300,203

Health Management Associates, Inc., Class A*^

    311,139      2,675,795

Health Net, Inc.*

    125,669      3,125,388

Henry Schein, Inc.*^

    113,760      6,700,464

Kindred Healthcare, Inc.*

    49,644      896,074

LifePoint Hospitals, Inc.*

    69,329      2,549,921

Lincare Holdings, Inc.*^

    82,371      3,696,811

Omnicare, Inc.

    149,556      4,230,939

Owens & Minor, Inc.^

    52,944      2,456,072

Psychiatric Solutions, Inc.*

    71,082      2,118,244

Universal Health Services, Inc., Class B

    123,334      4,327,790

VCA Antech, Inc.*

    107,149      3,003,387

WellCare Health Plans, Inc.*

    53,608      1,597,518
         
        41,678,606
         

Health Care Technology (0.6%)

      

Cerner Corp.*^

    85,158      7,243,539
         

Life Sciences Tools & Services (1.9%)

      

Affymetrix, Inc.*^

    89,821      659,286

Bio-Rad Laboratories, Inc., Class A*

    24,163      2,501,354

Charles River Laboratories International, Inc.*

    82,450      3,241,109

Covance, Inc.*^

    80,266      4,927,530

Mettler-Toledo International, Inc.*

    42,314      4,620,689

Pharmaceutical Product Development, Inc.

    148,063    $ 3,516,496

Techne Corp.

    47,195      3,005,850

Varian, Inc.*

    36,590      1,894,630
         
        24,366,944
         

Pharmaceuticals (1.2%)

      

Endo Pharmaceuticals Holdings, Inc.*

    147,141      3,485,771

Medicis Pharmaceutical Corp., Class A

    75,401      1,897,089

Perrigo Co.

    100,985      5,929,839

Valeant Pharmaceuticals International*^

    81,175      3,483,219
         
        14,795,918
         

Total Health Care

         155,569,433
         

Industrials (14.1%)

      

Aerospace & Defense (0.6%)

      

Alliant Techsystems, Inc.*

    41,271      3,355,332

BE Aerospace, Inc.*

    126,529      3,852,808
         
        7,208,140
         

Airlines (0.3%)

      

AirTran Holdings, Inc.*^

    170,328      865,266

Alaska Air Group, Inc.*

    44,042      1,815,852

JetBlue Airways Corp.*^

    261,056      1,456,692
         
        4,137,810
         

Building Products (0.2%)

      

Lennox International, Inc.

    61,166      2,710,877
         

Commercial Services & Supplies (1.5%)

      

Brink’s Co.

    60,634      1,711,698

Clean Harbors, Inc.*^

    28,558      1,586,683

Copart, Inc.*

    85,242      3,034,615

Corrections Corp. of America*

    145,201      2,883,692

Deluxe Corp.^

    65,079      1,263,834

Herman Miller, Inc.^

    70,818      1,278,973

HNI Corp.

    57,048      1,519,188

Mine Safety Appliances Co.

    38,444      1,074,894

Rollins, Inc.^

    54,553      1,182,709

Waste Connections, Inc.*

    98,859      3,357,252
         
        18,893,538
         

Construction & Engineering (1.5%)

      

Aecom Technology Corp.*

    141,031      4,001,050

Granite Construction, Inc.

    42,593      1,287,161

KBR, Inc.

    200,844      4,450,703

Shaw Group, Inc.*

    104,739      3,605,116

URS Corp.*

    105,361      5,226,959
         
        18,570,989
         

Electrical Equipment (1.4%)

      

AMETEK, Inc.^

    135,316      5,610,201

Hubbell, Inc., Class B

    74,714      3,767,827

Regal-Beloit Corp.

    46,200      2,744,742

Thomas & Betts Corp.*

    65,633      2,575,439

Woodward Governor Co.

    71,795      2,296,004
         
        16,994,213
         

Industrial Conglomerates (0.2%)

      

Carlisle Cos., Inc.

    76,795      2,925,890
         

Machinery (5.5%)

      

AGCO Corp.*^

    116,242      4,169,600

Bucyrus International, Inc.

    101,467      6,695,807

Crane Co.

    59,210      2,101,955

Donaldson Co., Inc.

    96,863      4,370,459

Federal Signal Corp.^

    61,510      554,205

 

See Notes to Portfolio of Investments.

384

EQ ADVISORS TRUST

EQ/MID CAP INDEX PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Graco, Inc.

    75,075    $ 2,402,400

Harsco Corp.

    100,712      3,216,741

IDEX Corp.

    101,400      3,356,340

Joy Global, Inc.

    128,546      7,275,704

Kennametal, Inc.

    103,103      2,899,256

Lincoln Electric Holdings, Inc.

    53,297      2,895,626

Nordson Corp.

    42,103      2,859,636

Oshkosh Corp.*

    112,221      4,526,995

Pentair, Inc.

    123,166      4,387,173

SPX Corp.

    61,666      4,089,689

Terex Corp.*

    136,984      3,110,907

Timken Co.

    99,593      2,988,786

Trinity Industries, Inc.^

    100,270      2,001,389

Valmont Industries, Inc.^

    25,023      2,072,655

Wabtec Corp.

    59,563      2,508,794
         
        68,484,117
         

Marine (0.3%)

      

Alexander & Baldwin, Inc.

    51,644      1,706,834

Kirby Corp.*

    67,408      2,571,615
         
        4,278,449
         

Professional Services (1.1%)

      

Corporate Executive Board Co.^

    43,256      1,150,177

FTI Consulting, Inc.*

    58,302      2,292,435

Korn/Ferry International*

    56,838      1,003,191

Manpower, Inc.

    98,516      5,627,234

Navigant Consulting, Inc.*

    63,455      769,709

Towers Watson & Co., Class A^

    53,397      2,536,357
         
        13,379,103
         

Road & Rail (1.1%)

      

Con-way, Inc.

    61,653      2,165,253

J.B. Hunt Transport Services, Inc.

    110,942      3,980,599

Kansas City Southern*

    120,256      4,349,660

Landstar System, Inc.

    64,279      2,698,432

Werner Enterprises, Inc.

    55,463      1,285,078
         
        14,479,022
         

Trading Companies & Distributors (0.4%)

      

GATX Corp.

    58,332      1,671,212

MSC Industrial Direct Co., Class A

    55,269      2,803,244

United Rentals, Inc.*

    76,508      717,645
         
        5,192,101
         

Total Industrials

         177,254,249
         

Information Technology (14.5%)

      

Communications Equipment (1.9%)

      

3Com Corp.*

    491,470      3,779,404

ADC Telecommunications, Inc.*^

    122,704      896,966

ADTRAN, Inc.^

    70,873      1,867,504

Ciena Corp.*

    116,000      1,767,840

CommScope, Inc.*

    117,644      3,296,385

F5 Networks, Inc.*

    99,505      6,120,553

Palm, Inc.*^

    209,586      788,043

Plantronics, Inc.

    62,240      1,946,867

Polycom, Inc.*

    106,929      3,269,889
         
        23,733,451
         

Computers & Peripherals (0.4%)

      

Diebold, Inc.

    83,883      2,664,124

NCR Corp.*

    199,498      2,753,072
         
        5,417,196
         

Electronic Equipment, Instruments & Components (2.3%)

      

Arrow Electronics, Inc.*

    150,225      4,526,279

Avnet, Inc.*

    189,996      5,699,880

Ingram Micro, Inc., Class A*

    204,999      3,597,733

Itron, Inc.*

    50,802      3,686,701

National Instruments Corp.

    71,027    $ 2,368,751

Tech Data Corp.*

    63,781      2,672,424

Trimble Navigation Ltd.*

    150,814      4,331,378

Vishay Intertechnology, Inc.*

    236,793      2,422,392
         
        29,305,538
         

Internet Software & Services (0.9%)

      

AOL, Inc.*

    134,900      3,410,272

Digital River, Inc.*

    48,851      1,480,185

Equinix, Inc.*

    48,972      4,766,935

ValueClick, Inc.*

    107,300      1,088,022
         
        10,745,414
         

IT Services (2.7%)

      

Acxiom Corp.*

    99,371      1,782,716

Alliance Data Systems Corp.*^

    65,809      4,211,118

Broadridge Financial Solutions, Inc.

    171,651      3,669,898

Convergys Corp.*

    153,900      1,886,814

DST Systems, Inc.

    49,167      2,037,972

Gartner, Inc.*

    76,085      1,692,130

Global Payments, Inc.

    101,705      4,632,663

Hewitt Associates, Inc., Class A*

    104,251      4,147,105

Lender Processing Services, Inc.

    120,195      4,537,361

ManTech International Corp., Class A*

    28,238      1,378,862

NeuStar, Inc., Class A*

    93,106      2,346,271

SRA International, Inc., Class A*

    54,774      1,138,751
         
        33,461,661
         

Office Electronics (0.2%)

      

Zebra Technologies Corp., Class A* .

    73,653      2,180,129
         

Semiconductors & Semiconductor Equipment (2.5%)

      

Atmel Corp.*^

    568,653      2,860,325

Cree, Inc.*

   133,162      9,350,636

Fairchild Semiconductor International, Inc.*

    156,594      1,667,726

Integrated Device Technology, Inc.*

   208,541      1,278,356

International Rectifier Corp.*

    90,040      2,061,916

Intersil Corp., Class A

    153,742      2,269,232

Lam Research Corp.*

    159,866      5,966,199

RF Micro Devices, Inc.*^

    339,930      1,692,852

Semtech Corp.*^

    78,040      1,360,237

Silicon Laboratories, Inc.*

    57,193      2,726,390
         
        31,233,869
         

Software (3.6%)

      

ACI Worldwide, Inc.*

    43,256      891,506

Advent Software, Inc.*

    19,871      889,227

ANSYS, Inc.*

    111,268      4,800,101

Cadence Design Systems, Inc.*^

    340,350      2,266,731

FactSet Research Systems, Inc.^

    52,742      3,869,681

Fair Isaac Corp.^

    60,584      1,535,199

Informatica Corp.*

    112,465      3,020,810

Jack Henry & Associates, Inc.

    106,138      2,553,680

Mentor Graphics Corp.*^

    124,447      998,065

MICROS Systems, Inc.*

    99,968      3,286,948

Parametric Technology Corp.*

    147,768      2,667,212

Quest Software, Inc.*

    79,060      1,406,477

Rovi Corp.*^

    130,144      4,832,247

Solera Holdings, Inc.^

    87,100      3,366,415

Sybase, Inc.*^

    102,163      4,762,839

Synopsys, Inc.*

    182,734      4,087,760
         
        45,234,898
         

Total Information Technology

         181,312,156
         

 

See Notes to Portfolio of Investments.

385

EQ ADVISORS TRUST

EQ/MID CAP INDEX PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)		  

Materials (6.6%)

      

Chemicals (3.6%)

      

Albemarle Corp.

      114,968    $ 4,901,086   

Ashland, Inc.

      97,929      5,167,713   

Cabot Corp.

      81,864      2,488,666   

Cytec Industries, Inc.

      60,899      2,846,419   

Intrepid Potash, Inc.*^

      52,000      1,577,160   

Lubrizol Corp.

      85,836      7,872,878   

Minerals Technologies, Inc.

      23,654      1,226,223   

Olin Corp.^

      98,197      1,926,625   

RPM International, Inc.

      161,566      3,447,818   

Scotts Miracle-Gro Co., Class A

      57,005      2,642,182   

Sensient Technologies Corp.

      62,008      1,801,953   

Terra Industries, Inc.

      125,176      5,728,054   

Valspar Corp.

      126,731      3,736,030   
           
        45,362,807   
           

Construction Materials (0.4%)

      

Martin Marietta Materials, Inc.

      56,048      4,682,810   
           

Containers & Packaging (1.4%)

      

AptarGroup, Inc.

      85,580      3,367,573   

Greif, Inc., Class A

      42,990      2,361,011   

Packaging Corp. of America

      130,415      3,209,513   

Silgan Holdings, Inc.^

      33,500      2,017,705   

Sonoco Products Co.^

      126,518      3,895,489   

Temple-Inland, Inc.^

      133,941      2,736,415   
           
        17,587,706   
           

Metals & Mining (1.1%)

      

Carpenter Technology Corp.

      55,438      2,029,031   

Commercial Metals Co.^

      142,575      2,147,179   

Reliance Steel & Aluminum Co.^

      80,099      3,943,274   

Steel Dynamics, Inc.

      270,285      4,721,879   

Worthington Industries, Inc.

      77,219      1,335,116   
           
        14,176,479   
           

Paper & Forest Products (0.1%)

      

Louisiana-Pacific Corp.*^

      158,192      1,431,638   
           

Total Materials

         83,241,440   
           

Telecommunication Services (0.8%)

      

Diversified Telecommunication Services (0.3%)

      

Cincinnati Bell, Inc.*^

      262,866      896,373   

tw telecom, Inc.*^

      187,400      3,401,310   
           
        4,297,683   
           

Wireless Telecommunication Services (0.5%)

      

Syniverse Holdings, Inc.*

      86,656      1,687,192   

Telephone & Data Systems, Inc.

      118,107      3,997,922   
           
        5,685,114   
           

Total Telecommunication Services

         9,982,797   
           

Utilities (5.7%)

      

Electric Utilities (1.8%)

      

Cleco Corp.

      76,572      2,032,987   

DPL, Inc.

      150,093      4,081,029   

Great Plains Energy, Inc.

      169,286      3,143,641   

Hawaiian Electric Industries, Inc.^

      115,293      2,588,328   

IDACORP, Inc.^

      59,662      2,065,498   

NV Energy, Inc.

      294,980      3,637,103   

PNM Resources, Inc.

      109,779      1,375,531   

Westar Energy, Inc.

      137,059      3,056,416   
           
        21,980,533   
           

Gas Utilities (1.8%)

      

AGL Resources, Inc.

      96,878      3,744,335   

Atmos Energy Corp.

      115,900    $ 3,311,263   

Energen Corp.

      89,995      4,187,467   

National Fuel Gas Co.^

      101,103      5,110,757   

UGI Corp.

      136,760      3,629,610   

WGL Holdings, Inc.

      63,337      2,194,627   
           
        22,178,059   
           

Independent Power Producers & Energy Traders (0.1%)

      

Dynegy, Inc., Class A*

      638,800      804,888   
           

Multi-Utilities (1.8%)

      

Alliant Energy Corp.^

      138,695      4,612,996   

Black Hills Corp.^

      48,849      1,482,567   

MDU Resources Group, Inc.

      235,815      5,088,888   

NSTAR

      134,039      4,747,661   

OGE Energy Corp.

      121,479      4,730,392   

Vectren Corp.

      101,699      2,513,999   
           
        23,176,503   
           

Water Utilities (0.2%)

      

Aqua America, Inc.^

      170,466      2,995,088   
           

Total Utilities

         71,135,071   
           

Total Common Stocks (97.8%)
(Cost $792,272,131)

         1,226,784,442   
           
     Principal
Amount		    Value
(Note 1)		  

SHORT-TERM INVESTMENTS:

      

Government Securities (0.3%)

      

U.S. Treasury Bills

      

0.14%, 6/17/10 #(p)

    $ 2,455,000      2,454,239   
           

Short-Term Investment of Cash Collateral for Securities Loaned (1.9%)

      

Goldman Sachs & Co., Repurchase Agreement

      

0.01%, 4/1/10 (v)

      24,402,258      24,402,258   
           

Total Short-Term Investments of Cash Collateral for Securities Loaned

         24,402,258   
           

Time Deposit (2.0%)

      

JPMorgan Chase Nassau

      

0.000%, 4/1/10

      25,616,378      25,616,378   
           

Total Short-Term Investments (4.2%)
(Cost/Amortized Cost $52,472,901)

         52,472,875   
           

Total Investments (102.0%)
(Cost/Amortized Cost $844,745,032)

         1,279,257,317   

Other Assets Less Liabilities (-2.0%)

         (24,760,313 ) 
           

Net Assets (100%)

       $ 1,254,497,004   
           

 

* Non-income producing.

 

^ All, or a portion of security out on loan (See Note 1).

 

# All, or a portion of security held by broker as collateral for financial futures contracts, with a total collateral value of $2,454,239.

 

(p) Yield to maturity.

 

(v) Represents the Portfolio's undivided interest in a joint repurchase agreement. The repurchase agreement was fully collateralized by U.S. government agency securities at the date of this Portfolio of Investments as follows: Government National Mortgage Association, 3.500%-15.000%, maturing 7/15/10 to 3/20/40; Federal National Mortgage Association, 4.000%-6.500%, maturing 2/2/24-8/1/39; Federal Home Loan Mortgage Corp., 0.625%-5.500%, maturing 9/15/35-5/1/37, which had a total value of $24,890,303.

 

See Notes to Portfolio of Investments.

386

EQ ADVISORS TRUST

EQ/MID CAP INDEX PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

At March 31, 2010, the Portfolio had the following futures contracts open: (Note 1)

 

Purchase

    Number of
Contracts		    Expiration
Date		    Original
Value		    Value at
3/31/2010		    Unrealized
Appreciation/
(Depreciation)

S&P MidCap 400 E-Mini Index

    342    June-10    $ 26,516,029    $ 26,953,020    $ 436,991
                  

The following is a summary of the inputs used to value the Portfolio’s assets and liabilities carried at fair value as of March 31, 2010:

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, money market securities are valued using amortized cost, in accordance with rules under the Investment Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active market, such securities are reflected as Level 2.

Various inputs are used in determining the value of the Portfolio’s investments. These inputs are summarized in the three broad levels listed below:

 

Investment Type

    Level 1
Quoted prices in active
markets for identical
securities		    Level 2
Significant other
observable inputs
(including quoted prices
for similar securities,
interest rates,
prepayment speeds,
credit risk, etc.)		    Level 3
Significant unobservable
inputs (including the
Portfolio’s own
assumptions in
determining the fair
value of investments)		    Total

Assets:

            

Common Stocks

            

Consumer Discretionary

    $ 179,413,970    $ —      $ —      $ 179,413,970

Consumer Staples

      48,268,102      —        —        48,268,102

Energy

      71,649,952      —        —        71,649,952

Financials

      248,957,272      —        —        248,957,272

Health Care

      155,569,433      —        —        155,569,433

Industrials

      177,254,249      —        —        177,254,249

Information Technology

      181,312,156      —        —        181,312,156

Materials

      83,241,440      —        —        83,241,440

Telecommunication Services

      9,982,797      —        —        9,982,797

Utilities

      71,135,071      —        —        71,135,071

Futures

      436,991      —        —        436,991

Short-Term Investments

      —        52,472,875      —        52,472,875
                           

Total Assets

    $ 1,227,221,433    $ 52,472,875    $ —      $ 1,279,694,308
                           

Total Liabilities

    $ —      $ —      $ —      $ —  
                           

Total

    $ 1,227,221,433    $ 52,472,875    $ —      $ 1,279,694,308
                           

 

See Notes to Portfolio of Investments.

387

EQ ADVISORS TRUST

EQ/MID CAP INDEX PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

Investment security transactions for the three months ended March 31, 2010 were as follows:

 

Cost of Purchases:

   

Stocks and long-term corporate debt securities

    $ 21,436,189

Net Proceeds of Sales and Redemptions:

   

Stocks and long-term corporate debt securities

    $ 42,390,791

As of March 31, 2010, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investments for Federal income tax purposes was as follows:

 

Aggregate gross unrealized appreciation

    $ 432,938,290   

Aggregate gross unrealized depreciation

      (5,991,990 ) 
        

Net unrealized appreciation

    $ 426,946,300   
        

Federal income tax cost of investments

    $ 852,311,017   
        

At March 31, 2010, the Portfolio had loaned securities with a total value of $23,718,546. This was secured by collateral of $24,402,258, which was received as cash and subsequently invested in short-term investments currently valued at $24,402,258, as reported in the Portfolio of Investments.

The Portfolio has a net capital loss carryforward of $733,375,105 of which $416,578,506 expires in the year 2016, and $316,796,599 expires in the year 2017.

 

See Notes to Portfolio of Investments.

388

EQ ADVISORS TRUST

EQ/MID CAP VALUE PLUS PORTFOLIO

PORTFOLIO OF INVESTMENTS

March 31, 2010 (Unaudited)

 

 

     Number of
Shares		    Value
(Note 1)

COMMON STOCKS:

      

Consumer Discretionary (11.6%)

      

Auto Components (0.2%)

      

Autoliv, Inc.*

    69,538    $ 3,583,293

BorgWarner, Inc.*

    2,025      77,314

Federal Mogul Corp.*

    11,800      216,648

TRW Automotive Holdings Corp.*

    34,260      979,151
         
        4,856,406
         

Automobiles (0.3%)

      

Harley-Davidson, Inc.

    193,091      5,420,065

Thor Industries, Inc.

    10,268      310,196
         
        5,730,261
         

Distributors (0.3%)

      

Genuine Parts Co.

    130,798      5,524,908
         

Diversified Consumer Services (0.2%)

      

Career Education Corp.*

    1,138      36,006

Education Management Corp.*^

    4,800      105,120

Hillenbrand, Inc.

    28,419      624,934

Service Corp. International

    194,747      1,787,777

Weight Watchers International, Inc.

    22,816      582,493
         
        3,136,330
         

Hotels, Restaurants & Leisure (1.5%)

      

Boyd Gaming Corp.*

    48,200      476,216

Choice Hotels International, Inc.

    15,100      525,631

Hyatt Hotels Corp., Class A*

    13,600      529,856

International Game Technology

    38,389      708,277

International Speedway Corp., Class A

    21,097      543,670

Las Vegas Sands Corp.*^

    58,321      1,233,489

Marriott International, Inc., Class A .

    131,927      4,158,339

MGM MIRAGE*^

    90,095      1,081,140

Penn National Gaming, Inc.*

    56,745      1,577,511

Royal Caribbean Cruises Ltd.*

    75,691      2,497,046

Starwood Hotels & Resorts Worldwide, Inc.

    128,494      5,992,960

Thomas Cook Group plc

    983,963      4,028,556

Wendy’s/Arby’s Group, Inc., Class A

    157,325      786,625

Wyndham Worldwide Corp.

    80,090      2,060,716

Wynn Resorts Ltd.

    55,021      4,172,242
         
        30,372,274
         

Household Durables (2.8%)

      

D.R. Horton, Inc.^

    231,347      2,914,972

Fortune Brands, Inc.

    123,471      5,989,578

Garmin Ltd.^

    15,532      597,671

Harman International Industries, Inc.*

    24,512      1,146,671

Jarden Corp.

    70,701      2,353,636

KB Home

    53,443      895,170

Leggett & Platt, Inc.

    43,522      941,816

Lennar Corp., Class A

    127,827      2,199,903

M.D.C. Holdings, Inc.

    229,196      7,932,474

Mohawk Industries, Inc.*

    43,505      2,365,802

Newell Rubbermaid, Inc.

    189,637      2,882,483

NVR, Inc.*

    3,904      2,836,256

Pulte Group, Inc.*

    251,073      2,824,571

Stanley Black & Decker, Inc.

    128,383      7,370,468

Toll Brothers, Inc.*^

    359,769      7,483,195

Whirlpool Corp.

    60,066      5,240,759
         
        55,975,425
         

Internet & Catalog Retail (0.4%)

      

Expedia, Inc.

    11,630      290,285

Liberty Media Corp. - Interactive, Class A*

    492,338    $ 7,537,695
         
        7,827,980
         

Leisure Equipment & Products (0.3%)

      

Hasbro, Inc.

    40,155      1,537,133

Mattel, Inc.

    238,974      5,434,269
         
        6,971,402
         

Media (2.9%)

      

Cablevision Systems Corp. - New

      

York Group, Class A

    192,145      4,638,380

CBS Corp., Class B^

    833,715      11,621,987

Central European Media Enterprises Ltd., Class A*

    26,770      784,629

Clear Channel Outdoor Holdings, Inc., Class A*

    29,270      310,555

Discovery Communications, Inc., Class C*

    17,311      509,116

DISH Network Corp., Class A

    164,549      3,425,910

DreamWorks Animation SKG, Inc., Class A*

    55,866      2,200,562

Gannett Co., Inc.

    193,850      3,202,402

Interactive Data Corp.

    13,870      443,840

Interpublic Group of Cos., Inc.*^

    388,517      3,232,461

Lamar Advertising Co., Class A*

    43,980      1,510,713

Liberty Global, Inc., Class A*

    219,901      6,412,313

Liberty Media Corp., Capital Series, Class A*

    64,853      2,358,704

Madison Square Garden, Inc., Class A*

    46,236      1,004,708

Meredith Corp.

    26,253      903,366

New York Times Co., Class A*

    75,627      841,728

Regal Entertainment Group, Class A

    31,312      550,152

Scripps Networks Interactive, Inc., Class A

    28,126      1,247,388

Virgin Media, Inc.^

    691,854      11,941,400

Warner Music Group Corp.*

    26,800      185,188

Washington Post Co., Class B

    4,942      2,195,138
         
        59,520,640
         

Multiline Retail (1.0%)

      

Big Lots, Inc.*

    59,143      2,153,988

Dollar General Corp.*

    7,200      181,800

J.C. Penney Co., Inc.

    184,111      5,922,851

Macy’s, Inc.

    347,333      7,561,440

Sears Holdings Corp.*

    40,487      4,390,005
         
        20,210,084
         

Specialty Retail (1.2%)

      

Abercrombie & Fitch Co., Class A

    35,672      1,628,070

American Eagle Outfitters, Inc.

    128,500      2,379,820

AnnTaylor Stores Corp.*^

    91,000      1,883,700

AutoNation, Inc.*^

    51,452      930,252

Barnes & Noble, Inc.^

    21,178      457,868

CarMax, Inc.*^

    44,710      1,123,115

Chico's FAS, Inc.

    1,042      15,026

Foot Locker, Inc.

    69,444      1,044,438

GameStop Corp., Class A*

    16,919      370,695

Limited Brands, Inc.

    70,022      1,723,942

Office Depot, Inc.*

    179,530      1,432,649

Penske Automotive Group, Inc.*^

    16,956      244,506

RadioShack Corp.

    87,374      1,977,274

Ross Stores, Inc.

    91,800      4,908,546

Sherwin-Williams Co.

    10,828      732,839

Signet Jewelers Ltd.*

    68,398      2,211,991

Tiffany & Co.

    7,170      340,503

 

See Notes to Portfolio of Investments.

389

EQ ADVISORS TRUST

EQ/MID CAP VALUE PLUS PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Williams-Sonoma, Inc.

    41,331    $ 1,086,592
         
        24,491,826
         
Textiles, Apparel & Luxury Goods (0.5%)      

Phillips-Van Heusen Corp.

    12,514      717,803

Polo Ralph Lauren Corp.

    1,893      160,981

VF Corp.

    116,186      9,312,308
         
        10,191,092
         

Total Consumer Discretionary

         234,808,628
         

Consumer Staples (5.0%)

      
Beverages (0.9%)      

Brown-Forman Corp., Class B

    11,325      673,271

Central European Distribution Corp.*

    49,089      1,718,606

Coca-Cola Enterprises, Inc.

    36,772      1,017,113

Constellation Brands, Inc., Class A*

   156,368      2,570,690

Dr. Pepper Snapple Group, Inc.

    207,199      7,287,189

Molson Coors Brewing Co., Class B

   100,816      4,240,321
         
        17,507,190
         
Food & Staples Retailing (0.7%)      

BJ’s Wholesale Club, Inc.*

    33,712      1,247,007

Rite Aid Corp.*

    455,200      682,800

Safeway, Inc.

    322,860      8,026,300

SUPERVALU, Inc.

    175,205      2,922,419

Whole Foods Market, Inc.*

    16,240      587,076
         
        13,465,602
         
Food Products (3.3%)      

BRF - Brasil Foods S.A.

    141,400      3,822,137

BRF - Brasil Foods S.A. (ADR)^

    5,200      285,688

Bunge Ltd.^

    153,770      9,476,845

Campbell Soup Co.

    50,363      1,780,332

ConAgra Foods, Inc.

    370,939      9,299,441

Corn Products International, Inc.

    57,595      1,996,243

Dean Foods Co.*^

    224,700      3,525,543

Del Monte Foods Co.

    164,415      2,400,459

Flowers Foods, Inc.

    5,915      146,337

H.J. Heinz Co.

    48,068      2,192,382

Hershey Co.

    51,645      2,210,922

Hormel Foods Corp.

    50,010      2,100,920

J.M. Smucker Co.

    97,208      5,857,754

Mead Johnson Nutrition Co., Class A

    82,700      4,302,881

PureCircle Ltd.*

    759,484      2,817,904

Ralcorp Holdings, Inc.*

    44,067      2,986,861

Sara Lee Corp.

    429,742      5,986,306

Smithfield Foods, Inc.*^

    103,639      2,149,473

Tyson Foods, Inc., Class A

    250,846      4,803,701
         
        68,142,129
         
Household Products (0.1%)      

Clorox Co.

    11,951      766,537

Energizer Holdings, Inc.*

    6,351      398,589
         
        1,165,126
         
Personal Products (0.0%)      

Alberto-Culver Co.

    5,338      139,589

NBTY, Inc.*

    10,853      520,727
         
        660,316
         
Tobacco (0.0%)      

Lorillard, Inc.

    14,005      1,053,736
         

Total Consumer Staples

         101,994,099
         

Energy (7.3%)

      
Energy Equipment & Services (2.0%)      

Atwood Oceanics, Inc.*

    3,523      122,002

BJ Services Co.

    243,188      5,204,223

Cameron International Corp.*

    14,200      608,612

Cie Generale de Geophysique- Veritas (ADR)*^

    157,400    $ 4,457,568

Ensco plc (ADR)

    46,500      2,082,270

Exterran Holdings, Inc.*^

    23,888      577,373

Helix Energy Solutions Group, Inc.* .

    79,217      1,032,198

Helmerich & Payne, Inc.

    58,741      2,236,857

Nabors Industries Ltd.*

    233,622      4,586,000

Oil States International, Inc.*

    39,593      1,795,147

Patterson-UTI Energy, Inc.

    107,452      1,501,105

Pride International, Inc.*

    69,285      2,086,171

Rowan Cos., Inc.*

    77,193      2,247,088

SBM Offshore N.V.

    158,794      3,177,449

SEACOR Holdings, Inc.*

    17,646      1,423,326

Seahawk Drilling, Inc.*

    2,685      50,612

Smith International, Inc.

    83,654      3,582,064

Superior Energy Services, Inc.*

    59,861      1,258,278

Tidewater, Inc.

    42,207      1,995,125

Unit Corp.*

    33,704      1,425,005
         
        41,448,473
         
Oil, Gas & Consumable Fuels (5.3%)      

Arch Coal, Inc.

    130,958      2,992,390

Cabot Oil & Gas Corp.

    84,488      3,109,158

Cimarex Energy Co.

    66,218      3,932,025

Cobalt International Energy, Inc.*

    221,200      3,008,320

Comstock Resources, Inc.*

    34,497      1,097,005

Concho Resources, Inc.*

    65,631      3,305,177

Consol Energy, Inc.

    72,600      3,097,116

Continental Resources, Inc.*

    11,642      495,367

Denbury Resources, Inc.*

    327,310      5,521,720

El Paso Corp.

    422,294      4,577,667

EXCO Resources, Inc.

    10,913      200,581

Forest Oil Corp.*^

    56,163      1,450,129

Frontier Oil Corp.

    12,089      163,201

Frontline Ltd.^

    43,290      1,325,973

Mariner Energy, Inc.*

    3,346      50,090

Massey Energy Co.

    14,998      784,245

Murphy Oil Corp.

    157,261      8,836,496

Newfield Exploration Co.*^

    242,031      12,597,714

Noble Energy, Inc.^

    182,102      13,293,446

Overseas Shipholding Group, Inc.

    19,879      779,853

Pioneer Natural Resources Co.

    94,228      5,306,921

Plains Exploration & Production Co.*

    49,591      1,487,234

Range Resources Corp.

    109,476      5,131,140

SandRidge Energy, Inc.*^

    112,724      867,975

Southern Union Co.

    88,524      2,245,854

Spectra Energy Corp.

    533,906      12,028,902

St. Mary Land & Exploration Co.

    37,110      1,291,799

Sunoco, Inc.

    96,690      2,872,660

Teekay Corp.

    20,731      471,423

Tesoro Corp.

    69,686      968,635

Whiting Petroleum Corp.*

    41,486      3,353,728
         
        106,643,944
         

Total Energy

         148,092,417
         

Financials (25.0%)

      
Capital Markets (2.2%)      

Affiliated Managers Group, Inc.*^

    46,000      3,634,000

Ameriprise Financial, Inc.^

    383,631      17,401,502

Federated Investors, Inc., Class B^

    2,066      54,501

Invesco Ltd.^

    542,771      11,892,113

Investment Technology Group, Inc.*

    30,114      502,603

Janus Capital Group, Inc.

    15,983      228,397

Jefferies Group, Inc.^

    17,887      423,385

Legg Mason, Inc.

    131,253      3,763,023

Raymond James Financial, Inc.^

    75,698      2,024,165

 

See Notes to Portfolio of Investments.

390

EQ ADVISORS TRUST

EQ/MID CAP VALUE PLUS PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Solar Capital Ltd.

    19,200    $ 405,888

TD Ameritrade Holding Corp.*

    251,200      4,787,872
         
        45,117,449
         
Commercial Banks (4.5%)      

Associated Banc-Corp^

    217,652      3,003,598

BancorpSouth, Inc.^

    63,680      1,334,733

Bank of Hawaii Corp.

    36,367      1,634,697

BOK Financial Corp.^

    9,569      501,798

CapitalSource, Inc.

    176,550      986,914

City National Corp./California^

    32,940      1,777,772

Comerica, Inc.^

    275,230      10,469,749

Commerce Bancshares, Inc./Missouri

    30,365      1,249,216

Cullen/Frost Bankers, Inc.^

    39,593      2,209,289

Fifth Third Bancorp

    657,723      8,938,456

First Citizens BancShares, Inc./North Carolina, Class A

    4,604      915,091

First Horizon National Corp.*

    182,524      2,564,465

Fulton Financial Corp.

    134,113      1,366,611

Huntington Bancshares, Inc./Ohio^

   1,232,796      6,620,115

KeyCorp

    728,683      5,647,293

M&T Bank Corp.

    62,955      4,997,368

Marshall & Ilsley Corp.

    437,232      3,519,718

Popular, Inc.*

    542,144      1,577,639

Regions Financial Corp.^

    956,479      7,508,360

SunTrust Banks, Inc.

    412,097      11,040,079

Susquehanna Bancshares, Inc.^

    161,700      1,586,277

Synovus Financial Corp.^

    309,019      1,016,672

TCF Financial Corp.^

    109,042      1,738,129

Umpqua Holdings Corp.

    62,500      828,750

Valley National Bancorp

    117,257      1,802,240

Whitney Holding Corp./Louisiana^

    81,088      1,118,204

Wilmington Trust Corp.^

    69,437      1,150,571

Zions Bancorp.^

    125,785      2,744,629
         
        89,848,433
         
Consumer Finance (0.6%)      

AmeriCredit Corp.*

    47,080      1,118,621

Discover Financial Services

    443,802      6,612,650

SLM Corp.*

    302,356      3,785,497

Student Loan Corp.

    3,253      115,579
         
        11,632,347
         
Diversified Financial Services (1.0%)      

Interactive Brokers Group, Inc., Class A*

    30,097      486,067

Leucadia National Corp.*

    95,610      2,372,084

NASDAQ OMX Group, Inc.*

    61,128      1,291,023

NYSE Euronext

    159,380      4,719,242

PHH Corp.*^

    502,200      11,836,854
         
        20,705,270
         
Insurance (8.3%)      

Alleghany Corp.*

    4,450      1,294,112

Allied World Assurance Co. Holdings Ltd./Bermuda

    41,169      1,846,430

American Financial Group, Inc./Ohio

    71,232      2,026,550

American International Group, Inc.*^

    63,041      2,152,220

American National Insurance Co.

    13,538      1,537,105

Aon Corp.

    226,704      9,682,528

Arch Capital Group Ltd.*

    38,478      2,933,948

Arthur J. Gallagher & Co.

    323      7,930

Aspen Insurance Holdings Ltd.

    69,095      1,992,700

Assurant, Inc.

    98,379      3,382,270

Axis Capital Holdings Ltd.

    80,213      2,507,458

Brown & Brown, Inc.^

    18,360      329,011

Cincinnati Financial Corp.

    120,877      3,493,345

CNA Financial Corp.*^

    12,772      341,268

Endurance Specialty Holdings Ltd.

    27,512    $ 1,022,071

Erie Indemnity Co., Class A

    5,570      240,234

Everest Reinsurance Group Ltd.

    105,849      8,566,360

Fidelity National Financial, Inc., Class A

    290,213      4,300,957

First American Corp.

    137,935      4,667,720

Genworth Financial, Inc., Class A*

    233,236      4,277,548

Hanover Insurance Group, Inc.

    34,704      1,513,441

Hartford Financial Services Group, Inc.

    365,455      10,386,231

HCC Insurance Holdings, Inc.

    86,493      2,387,207

Lincoln National Corp.

    173,390      5,323,073

Markel Corp.*^

    7,953      2,979,671

Marsh & McLennan Cos., Inc.

    394,736      9,639,453

MBIA, Inc.*^

    101,049      633,577

Mercury General Corp.

    19,460      850,791

Old Republic International Corp.

    196,736      2,494,612

OneBeacon Insurance Group Ltd., Class A

    16,200      279,450

PartnerReinsurance Ltd.^

    83,118      6,626,167

Platinum Underwriters Holdings Ltd.

    119,000      4,412,520

Primerica, Inc.*

    13,100      196,500

Principal Financial Group, Inc.^

    167,400      4,889,754

Progressive Corp.

    504,117      9,623,594

Protective Life Corp.

    65,855      1,448,151

Reinsurance Group of America, Inc.

    207,735      10,910,242

RenaissanceReinsurance Holdings Ltd.

    50,431      2,862,464

StanCorp Financial Group, Inc.

    37,724      1,796,794

Symetra Financial Corp.*

    17,600      231,968

Torchmark Corp.

    67,408      3,607,002

Transatlantic Holdings, Inc.

    19,661      1,038,101

Unitrin, Inc.

    34,142      957,683

Unum Group^

    628,988      15,580,033

Validus Holdings Ltd.

    64,197      1,767,343

W.R. Berkley Corp.

    67,950      1,772,816

Wesco Financial Corp.

    916      353,118

White Mountains Insurance Group Ltd.

    6,474      2,298,270

XL Capital Ltd., Class A

    281,535      5,321,011
         
        168,782,802
         
Real Estate Investment Trusts (REITs) (6.8%)      

Alexandria Real Estate Equities, Inc. (REIT)

    26,379      1,783,220

AMB Property Corp. (REIT)

    118,600      3,230,664

Annaly Capital Management, Inc. (REIT)

    448,968      7,713,270

Apartment Investment & Management Co. (REIT), Class A

    93,588      1,722,955

AvalonBay Communities, Inc. (REIT)

    65,581      5,662,919

Boston Properties, Inc. (REIT)

    114,149      8,611,401

Brandywine Realty Trust (REIT)

    109,249      1,333,930

BRE Properties, Inc. (REIT)^

    41,161      1,471,506

Camden Property Trust (REIT)

    54,696      2,276,994

Chimera Investment Corp. (REIT)

    1,891,936      7,359,631

Corporate Office Properties Trust/Maryland (REIT)

    43,842      1,759,379

Douglas Emmett, Inc. (REIT)

    96,800      1,487,816

Duke Realty Corp. (REIT)

    178,010      2,207,324

Equity Residential (REIT)

    225,638      8,833,728

Essex Property Trust, Inc. (REIT)

    22,344      2,009,843

Federal Realty Investment Trust (REIT)^

    39,659      2,887,572

HCP, Inc. (REIT)

    148,098      4,887,234

Health Care REIT, Inc. (REIT)

    49,440      2,236,171

 

See Notes to Portfolio of Investments.

391

EQ ADVISORS TRUST

EQ/MID CAP VALUE PLUS PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Hospitality Properties Trust (REIT)

   99,661    $ 2,386,881

Host Hotels & Resorts, Inc. (REIT)

   533,813      7,820,360

HRPT Properties Trust (REIT)

    214,393      1,667,978

Kimco Realty Corp. (REIT)

    334,678      5,234,364

Liberty Property Trust (REIT)

    90,734      3,079,512

Macerich Co. (REIT)

    78,706      3,015,227

Mack-Cali Realty Corp. (REIT)^

    64,015      2,256,529

Nationwide Health Properties, Inc. (REIT)

    17,944      630,732

Piedmont Office Realty Trust, Inc. (REIT), Class A

    82,600      1,639,610

Plum Creek Timber Co., Inc. (REIT)^

    85,777      3,337,583

ProLogis (REIT)

    392,797      5,184,920

Rayonier, Inc. (REIT)

    31,716      1,440,858

Realty Income Corp. (REIT)^

    80,606      2,473,798

Regency Centers Corp. (REIT)^

    73,230      2,743,928

Senior Housing Properties Trust (REIT)

    103,755      2,298,173

SL Green Realty Corp. (REIT)

    60,239      3,449,888

Taubman Centers, Inc. (REIT)^

    42,453      1,694,724

UDR, Inc. (REIT)

    123,162      2,172,578

Ventas, Inc. (REIT)

    128,524      6,102,319

Vornado Realty Trust (REIT)

    126,824      9,600,577

Weingarten Realty Investors (REIT)

    85,709      1,847,886
         
        137,553,982
         
Real Estate Management & Development (0.7%)      

BR Malls Participacoes S.A.*

    226,400      2,673,489

BR Properties S.A.

    451,300      3,263,541

Forest City Enterprises, Inc., Class A*^

    91,697      1,321,354

Iguatemi Empresa de Shopping Centers S.A.

    115,200      1,942,079

Jones Lang LaSalle, Inc.

    32,553      2,372,788

Multiplan Empreendimentos Imobiliarios S.A.

    187,700      3,143,198
         
        14,716,449
         
Thrifts & Mortgage Finance (0.9%)      

Beneficial Mutual Bancorp, Inc.*^

    93,706      888,333

First Niagara Financial Group, Inc.

    144,464      2,054,278

Hudson City Bancorp, Inc.

    172,589      2,443,860

New York Community Bancorp, Inc.

    338,422      5,597,500

People’s United Financial, Inc.

    304,539      4,762,990

TFS Financial Corp.

    54,689      730,098

Washington Federal, Inc.

    85,631      1,740,022
         
        18,217,081
         

Total Financials

         506,573,813
         

Health Care (4.6%)

      
Biotechnology (0.0%)      

Theravance, Inc.*^

    71,800      956,376
         
Health Care Equipment & Supplies (0.5%)      

Cooper Cos., Inc.

    35,808      1,392,215

Hill-Rom Holdings, Inc.

    27,068      736,520

Hologic, Inc.*

    185,363      3,436,630

Inverness Medical Innovations, Inc.*

    34,678      1,350,708

Kinetic Concepts, Inc.*

    29,893      1,429,184

Teleflex, Inc.

    16,593      1,063,114
         
        9,408,371
         
Health Care Providers & Services (2.3%)      

Amedisys, Inc.*^

    63,100      3,484,382

AmerisourceBergen Corp.^

    231,419      6,692,637

Brookdale Senior Living, Inc.*

    34,100      710,303

CIGNA Corp.

    424,725      15,536,441

Community Health Systems, Inc.*

    34,547    $ 1,275,821

Coventry Health Care, Inc.*

    86,462      2,137,341

Emdeon, Inc., Class A*

    2,300      37,996

Health Net, Inc.*

    80,957      2,013,401

Humana, Inc.*

    88,133      4,121,980

LifePoint Hospitals, Inc.*

    41,665      1,532,439

Lincare Holdings, Inc.*^

    7,647      343,197

MEDNAX, Inc.*

    24,500      1,425,655

Omnicare, Inc.

    53,632      1,517,249

Team Health Holdings, Inc.*

    134,700      2,262,960

Tenet Healthcare Corp.*

    119,076      681,115

Universal Health Services, Inc., Class B

    65,494      2,298,184
         
        46,071,101
         
Life Sciences Tools & Services (0.2%)      

Charles River Laboratories International, Inc.*

    14,859      584,107

Life Technologies Corp.*

    15,016      784,886

PerkinElmer, Inc.

    72,506      1,732,894
         
        3,101,887
         
Pharmaceuticals (1.6%)      

Endo Pharmaceuticals Holdings, Inc.*^

    211,312      5,005,981

Forest Laboratories, Inc.*

    248,513      7,793,368

Impax Laboratories, Inc.*

    492,900      8,813,052

King Pharmaceuticals, Inc.*^

    563,849      6,630,864

Mylan, Inc.*^

    69,174      1,570,942

Watson Pharmaceuticals, Inc.*

    85,118      3,555,379
         
        33,369,586
         

Total Health Care

         92,907,321
         

Industrials (10.4%)

      
Aerospace & Defense (1.2%)      

BE Aerospace, Inc.*

    35,385      1,077,474

Esterline Technologies Corp.*^

    68,100      3,366,183

ITT Corp.

    134,820      7,227,700

L-3 Communications Holdings, Inc .

    96,130      8,808,392

Spirit AeroSystems Holdings, Inc., Class A*

    56,698      1,325,599

Teledyne Technologies, Inc.*^

    68,700      2,835,249
         
        24,640,597
         
Air Freight & Logistics (0.0%)      

UTi Worldwide, Inc.

    2,400      36,768
         
Airlines (0.9%)      

Delta Air Lines, Inc.*^

    860,875      12,560,166

Southwest Airlines Co.

    414,357      5,477,800
         
        18,037,966
         
Building Products (0.2%)      

Armstrong World Industries, Inc.*

    8,263      300,029

Masco Corp.

    159,825      2,480,484

Owens Corning, Inc.*

    41,025      1,043,676

USG Corp.*

    31,298      537,074
         
        4,361,263
         
Commercial Services & Supplies (1.0%)      

Avery Dennison Corp.

    74,482      2,711,890

Cintas Corp.

    86,208      2,421,583

Corrections Corp. of America*

    78,244      1,553,926

Covanta Holding Corp.*

    102,544      1,708,383

KAR Auction Services, Inc.*

    7,500      112,950

Pitney Bowes, Inc.

    168,460      4,118,847

R.R. Donnelley & Sons Co.

    123,935      2,646,012

Republic Services, Inc.

    180,088      5,226,154

 

See Notes to Portfolio of Investments.

392

EQ ADVISORS TRUST

EQ/MID CAP VALUE PLUS PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Waste Connections, Inc.*

    13,164    $ 447,049
         
        20,946,794
         
Construction & Engineering (0.6%)      

KBR, Inc.

    127,475      2,824,846

Quanta Services, Inc.*

    171,194      3,280,077

Shaw Group, Inc.*

    9,210      317,008

URS Corp.*

    125,052      6,203,830
         
        12,625,761
         
Electrical Equipment (1.0%)      

A123 Systems, Inc.*

    4,200      57,708

AMETEK, Inc.^

    119,000      4,933,740

General Cable Corp.*

    41,098      1,109,646

Hubbell, Inc., Class B

    40,297      2,032,178

Rockwell Automation, Inc.

    104,920      5,913,291

Roper Industries, Inc.

    9,415      544,564

Thomas & Betts Corp.*

    152,877      5,998,893
         
        20,590,020
         
Industrial Conglomerates (0.5%)      

Carlisle Cos., Inc.

    34,791      1,325,537

Textron, Inc.^

    419,811      8,912,588
         
        10,238,125
         
Machinery (4.0%)      

AGCO Corp.*^

    174,745      6,268,103

Barnes Group, Inc.^

    282,642      5,497,387

Bucyrus International, Inc.

    48,744      3,216,617

Crane Co.

    16,705      593,027

Cummins, Inc.

    111,462      6,905,071

Dover Corp.

    121,012      5,657,311

Eaton Corp.

    136,577      10,348,439

Gardner Denver, Inc.

    41,102      1,810,132

Graco, Inc.

    23,043      737,376

Harsco Corp.

    13,743      438,951

IDEX Corp.

    22,779      753,985

Joy Global, Inc.

    6,681      378,145

Kennametal, Inc.

    65,039      1,828,897

Lincoln Electric Holdings, Inc.

    32,690      1,776,048

Manitowoc Co., Inc.^

    103,985      1,351,805

Oshkosh Corp.*

    70,029      2,824,970

Parker Hannifin Corp.

    132,195      8,558,304

Pentair, Inc.^

    247,299      8,808,790

Snap-On, Inc.

    32,867      1,424,456

SPX Corp.

    38,226      2,535,148

Terex Corp.*^

    279,399      6,345,151

Timken Co.

    79,387      2,382,404

Trinity Industries, Inc.^

    59,952      1,196,642

WABCO Holdings, Inc.*

    4,213      126,053
         
        81,763,212
         
Marine (0.1%)      

Alexander & Baldwin, Inc.^

    30,791      1,017,642

Kirby Corp.*

    31,978      1,219,961
         
        2,237,603
         
Professional Services (0.3%)      

Equifax, Inc.

    20,675      740,165

Manpower, Inc.

    61,451      3,510,081

Verisk Analytics, Inc., Class A*

    18,000      507,600
         
        4,757,846
         
Road & Rail (0.5%)      

Con-way, Inc.

    24,294      853,205

Hertz Global Holdings, Inc.*

    149,444      1,492,946

J.B. Hunt Transport Services, Inc.^

    118,900      4,266,132

Kansas City Southern*

    39,251      1,419,709

Ryder System, Inc.

    44,648      1,730,556
         
        9,762,548
         
Trading Companies & Distributors (0.1%)      

GATX Corp.

    22,865    $ 655,082

WESCO International, Inc.*^

    14,872      516,207
         
        1,171,289
         

Total Industrials

         211,169,792
         

Information Technology (6.3%)

      
Communications Equipment (0.6%)      

Brocade Communications Systems, Inc.*

    229,520      1,310,559

Ciena Corp.*^

    61,098      931,134

CommScope, Inc.*

    72,868      2,041,761

EchoStar Corp., Class A*

    28,533      578,649

Harris Corp.

    23,541      1,117,962

JDS Uniphase Corp.*^

    208,532      2,612,906

Tellabs, Inc.

    318,282      2,409,395
         
        11,002,366
         
Computers & Peripherals (0.4%)      

Diebold, Inc.

    3,200      101,632

Lexmark International, Inc., Class A*

    63,005      2,273,220

SanDisk Corp.*^

    95,479      3,306,438

Seagate Technology*

    37,563      685,900

Teradata Corp.*

    24,248      700,525

Western Digital Corp.*

    16,924      659,867
         
        7,727,582
         
Electronic Equipment, Instruments & Components (1.6%)      

Arrow Electronics, Inc.*

    377,030      11,359,914

Avnet, Inc.*

    76,497      2,294,910

AVX Corp.

    26,600      377,720

Flextronics International Ltd.*

    540,581      4,238,155

Ingram Micro, Inc., Class A*

    129,236      2,268,092

Itron, Inc.*

    400      29,028

Jabil Circuit, Inc.

    74,881      1,212,323

Kingboard Laminates Holdings Ltd.

    7,415,500      6,465,909

Molex, Inc.

    101,713      2,121,733

Tech Data Corp.*

    38,599      1,617,298

Vishay Intertechnology, Inc.*

    111,493      1,140,574
         
        33,125,656
         
Internet Software & Services (0.1%)      

IAC/InterActiveCorp*

    41,638      946,848

Monster Worldwide, Inc.*

    40,473      672,257
         
        1,619,105
         
IT Services (0.8%)      

Amdocs Ltd.*

    134,191      4,040,491

Broadridge Financial Solutions, Inc.

    36,974      790,504

Computer Sciences Corp.*

    123,329      6,720,197

Convergys Corp.*

    62,847      770,505

DST Systems, Inc.

    1,500      62,175

Fidelity National Information Services, Inc.

    100,736      2,361,252

SAIC, Inc.*

    80,780      1,429,806

Total System Services, Inc.

    33,029      517,234
         
        16,692,164
         
Office Electronics (0.4%)      

Xerox Corp.

    859,795      8,383,001

Zebra Technologies Corp., Class A*

   600      17,760
         
        8,400,761
         
Semiconductors & Semiconductor Equipment (1.9%)      

Advanced Micro Devices, Inc.*

    212,702      1,971,748

Atmel Corp.*^

    347,313      1,746,984

Cypress Semiconductor Corp.*

    7,307      84,030

Fairchild Semiconductor International, Inc.*

    93,924      1,000,291

Integrated Device Technology, Inc.*

   94,264      577,838

 

See Notes to Portfolio of Investments.

393

EQ ADVISORS TRUST

EQ/MID CAP VALUE PLUS PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

International Rectifier Corp.*

    28,069    $ 642,780

Intersil Corp., Class A

    43,963      648,894

KLA-Tencor Corp.

    140,282      4,337,519

Linear Technology Corp.^

    99,200      2,805,376

LSI Corp.*

    530,681      3,247,768

Marvell Technology Group Ltd.*

    40,093      817,095

Maxim Integrated Products, Inc.

    41,359      801,951

Microchip Technology, Inc.

    13,929      392,241

Micron Technology, Inc.*

    575,340      5,977,783

Novellus Systems, Inc.*

    29,047      726,175

PMC-Sierra, Inc.*

    177,405      1,582,453

Teradyne, Inc.*^

    225,600      2,519,952

Varian Semiconductor Equipment Associates, Inc.*

    247,550      8,198,856
         
        38,079,734
         
Software (0.5%)      

Autodesk, Inc.*

    58,678      1,726,307

CA, Inc.

    71,296      1,673,317

Compuware Corp.*

    180,006      1,512,050

McAfee, Inc.*

    77,900      3,126,127

Novell, Inc.*

    147,027      880,692

Nuance Communications, Inc.*^

    14,150      235,456

Rovi Corp.*

    21,276      789,978

Synopsys, Inc.*

    36,950      826,571
         
        10,770,498
         

Total Information Technology

         127,417,866
         

Materials (7.2%)

      
Chemicals (2.6%)      

Agrium, Inc. (When Issued)

    59,100      4,174,233

Airgas, Inc.

    67,550      4,297,531

Albemarle Corp.

    66,702      2,843,506

Ashland, Inc.

    56,376      2,974,961

Cabot Corp.

    52,655      1,600,712

CF Industries Holdings, Inc.

    6,400      583,552

Cytec Industries, Inc.

    100,027      4,675,262

Eastman Chemical Co.

    60,587      3,858,180

FMC Corp.^

    116,966      7,081,122

Huntsman Corp.

    136,763      1,647,994

International Flavors & Fragrances, Inc.

    2,061      98,248

Intrepid Potash, Inc.*^

    549      16,651

Lubrizol Corp.

    4,407      404,210

Methanex Corp.

    39,600      962,676

Nalco Holding Co.

    158,900      3,866,037

PPG Industries, Inc.

    135,664      8,872,426

RPM International, Inc.

    49,019      1,046,065

Terra Industries, Inc.

    23,500      1,075,360

Valhi, Inc.

    3,450      67,896

Valspar Corp.

    82,164      2,422,195
         
        52,568,817
         
Construction Materials (0.3%)      

Martin Marietta Materials, Inc.

    20,430      1,706,927

Vulcan Materials Co.^

    103,147      4,872,664
         
        6,579,591
         
Containers & Packaging (1.5%)      

AptarGroup, Inc.

    51,991      2,045,846

Ball Corp.

    25,990      1,387,346

Bemis Co., Inc.

    87,232      2,505,303

Greif, Inc., Class A

    96,946      5,324,274

Owens-Illinois, Inc.*

    208,865      7,423,062

Packaging Corp. of America

    70,697      1,739,853

Pactiv Corp.*

    17,172      432,391

Rexam plc

    818,621      3,638,572

Sealed Air Corp.

    132,640    $ 2,796,051

Sonoco Products Co.

    76,969      2,369,876

Temple-Inland, Inc.

    86,354      1,764,212
         
        31,426,786
         
Metals & Mining (1.6%)      

AK Steel Holding Corp.

    88,025      2,012,252

Allegheny Technologies, Inc.

    80,458      4,343,928

Carpenter Technology Corp.

    33,642      1,231,297

Cliffs Natural Resources, Inc.

    97,695      6,931,460

Commercial Metals Co.

    92,001      1,385,535

Compass Minerals International, Inc.^

    11,771      944,387

Reliance Steel & Aluminum Co.

    48,886      2,406,658

Royal Gold, Inc.

    23,768      1,098,319

Schnitzer Steel Industries, Inc., Class A

    2,809      147,557

Steel Dynamics, Inc.

    168,637      2,946,088

Titanium Metals Corp.*

    67,424      1,118,564

United States Steel Corp.^

    118,651      7,536,712
         
        32,102,757
         
Paper & Forest Products (1.2%)      

International Paper Co.

    357,165      8,789,831

MeadWestvaco Corp.

    142,534      3,641,744

Sino-Forest Corp.*§

    64,300      1,259,853

Sino-Forest Corp. (ADR)*

    93,000      1,822,183

Weyerhaeuser Co.

    175,386      7,939,724
         
        23,453,335
         

Total Materials

         146,131,286
         

Telecommunication Services (1.7%)

      
Diversified Telecommunication Services (1.0%)      

CenturyTel, Inc.

    244,604      8,673,658

Frontier Communications Corp.

    141,768      1,054,754

Level 3 Communications, Inc.*^

    1,311,175      2,124,103

Qwest Communications International, Inc.

    1,211,510      6,324,082

Windstream Corp.

    202,758      2,208,035
         
        20,384,632
         
Wireless Telecommunication Services (0.7%)      

Clearwire Corp., Class A*^

    46,940      335,621

Crown Castle International Corp.*

    151,824      5,804,232

Leap Wireless International, Inc.*

    12,098      197,923

NII Holdings, Inc.*

    127,951      5,330,439

Telephone & Data Systems, Inc.

    69,850      2,364,422

U.S. Cellular Corp.*

    13,680      566,078
         
        14,598,715
         

Total Telecommunication Services

         34,983,347
         

Utilities (8.6%)

      
Electric Utilities (2.8%)      

Allegheny Energy, Inc.

    170,030      3,910,690

DPL, Inc.

    77,364      2,103,527

Edison International

    268,631      9,179,121

Great Plains Energy, Inc.^

    111,096      2,063,053

Hawaiian Electric Industries, Inc.^

    69,550      1,561,397

Northeast Utilities

    373,139      10,313,562

NV Energy, Inc.

    677,337      8,351,565

Pepco Holdings, Inc.

    183,735      3,151,055

Pinnacle West Capital Corp.

    81,982      3,093,181

Progress Energy, Inc.

    230,024      9,053,745

Westar Energy, Inc.

    199,142      4,440,867
         
        57,221,763
         
Gas Utilities (1.3%)      

AGL Resources, Inc.

    63,173      2,441,636

Atmos Energy Corp.

    75,589      2,159,578

 

See Notes to Portfolio of Investments.

394

EQ ADVISORS TRUST

EQ/MID CAP VALUE PLUS PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)		  

Energen Corp.

      55,447    $ 2,579,949   

National Fuel Gas Co.

      54,611      2,760,586   

ONEOK, Inc.

      87,116      3,976,845   

Questar Corp.

      142,933      6,174,706   

UGI Corp.

      230,290      6,111,897   
           
        26,205,197   
           
Independent Power Producers & Energy Traders (0.5%)      

AES Corp.*

      102,409      1,126,499   

Calpine Corp.*

      130,516      1,551,835   

Constellation Energy Group, Inc.

      21,302      747,913   

Dynegy, Inc., Class A*^

      362,529      456,787   

Mirant Corp.*

      121,867      1,323,476   

NRG Energy, Inc.*

      221,146      4,621,951   

RRI Energy, Inc.*

      299,939      1,106,775   
           
        10,935,236   
           
Multi-Utilities (3.9%)      

Alliant Energy Corp.

      90,074      2,995,861   

Ameren Corp.

      197,279      5,145,036   

CenterPoint Energy, Inc.

      51,043      732,977   

CMS Energy Corp.

      189,801      2,934,323   

Consolidated Edison, Inc.

      226,296      10,079,224   

DTE Energy Co.

      136,113      6,070,640   

Integrys Energy Group, Inc.

      47,490      2,250,076   

MDU Resources Group, Inc.

      143,038      3,086,760   

NiSource, Inc.

      230,553      3,642,737   

NSTAR

      82,849      2,934,512   

OGE Energy Corp.

      74,496      2,900,874   

SCANA Corp.

      99,296      3,732,537   

Sempra Energy

      201,493      10,054,501   

TECO Energy, Inc.

      177,712      2,823,844   

Vectren Corp.

      61,460      1,519,291   

Wisconsin Energy Corp.^

      192,194      9,496,306   

Xcel Energy, Inc.

      375,399      7,958,459   
           
        78,357,958   
           
Water Utilities (0.1%)      

American Water Works Co., Inc.

      47,071      1,024,265   

Aqua America, Inc.^

      103,740      1,822,712   
           
        2,846,977   
           

Total Utilities

         175,567,131   
           

Total Common Stocks (87.7%)
(Cost $1,657,189,432)

         1,779,645,700   
           

CONVERTIBLE PREFERRED STOCK:

      

Financials (0.1%)

      
Commercial Banks (0.1%)      

Umpqua Holdings Corp.

      

15.000%*^

      103,000      1,356,510   
           

Total Convertible Preferred Stocks (0.1%)
(Cost $1,141,037)

         1,356,510   
           

INVESTMENT COMPANIES:

      
Exchange Traded Funds (ETFs)(10.7%)      

iShares Morningstar Mid Core Index Fund

      16,366      1,208,629   

iShares Morningstar Mid Growth Index Fund^

      14,330      1,167,322   

iShares Morningstar Mid Value Index Fund

      334,737      23,672,601   

iShares Russell Midcap Growth Index Fund

      26,054      1,264,140   

iShares Russell Midcap Index Fund

      9,105    $ 813,076   

iShares Russell Midcap Value Index Fund

      3,644,275      146,973,611   

iShares S&P MidCap 400 Growth Index Fund

      13,800      1,170,792   

iShares S&P MidCap 400 Index Fund

      12,855      1,011,688   

iShares S&P MidCap 400/BARRA Value Index Fund

      542,321      38,683,757   

SPDR Dow Jones Mid Cap Value ETF

      23,094      1,148,742   
           

Total Investment Companies (10.7%)
(Cost $209,344,727)

         217,114,358   
           
     Principal
Amount		    Value
(Note 1)		  

SHORT-TERM INVESTMENTS:

      

Short-Term Investments of Cash Collateral for Securities Loaned (1.4%)

      

Credit Agricole S.A./New York

      

0.41%, 7/2/10 (l)

    $ 9,999,083      10,000,053   

Goldman Sachs & Co., Repurchase Agreement

      

0.01%, 4/1/10 (v)

      18,447,456      18,447,456   
           

Total Short-Term Investments of Cash Collateral for Securities Loaned

         28,447,509   
           

Time Deposit (1.5%)

      

JPMorgan Chase Nassau

      

0.000%, 4/1/10

      30,984,466      30,984,466   
           

Total Short-Term Investments (2.9%)
(Cost/Amortized Cost $59,431,005)

         59,431,975   
           

Total Investments (101.4%)
(Cost/Amortized Cost $1,927,106,201)

         2,057,548,543   

Other Assets Less Liabilities (-1.4%)

         (27,709,027 ) 
           

Net Assets (100%)

       $ 2,029,839,516   
           

 

* Non-income producing.

 

^ All, or a portion of security out on loan (See Note 1).

 

§ Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may only be resold to qualified institutional buyers. At March 31, 2010, the market value of these securities amounted to $1,259,853 or 0.1% of net assets. Securities denoted with “§”but without “b” have been determined to be liquid under the guidelines established by the Board of Trustees. To the extent any securities might provide a right to demand registration, such rights have not been relied upon when determining liquidity.

 

(l) Floating Rate Security. Rate disclosed is as of March 31, 2010.

 

(v) Represents the Portfolio’s undivided interest in a joint repurchase agreement. The repurchase agreement was fully collateralized by U.S. government agency securities at the date of this Portfolio of Investments as follows: Government National Mortgage Association, 3.500%- 15.000%, maturing 7/15/10 to 3/20/40, which had a total value of $18,816,405.

Glossary:

ADR — American Depositary Receipt

 

See Notes to Portfolio of Investments.

395

EQ ADVISORS TRUST

EQ/MID CAP VALUE PLUS PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

At March 31, 2010, the Portfolio had the following futures contracts open: (Note 1)

 

Purchase

    Number of
Contracts		    Expiration
Date		    Original
Value		    Value at
3/31/2010		    Unrealized
Appreciation/
(Depreciation)		  

S&P MidCap 400 E-Mini Index

    323    June-10    $ 25,548,580    $ 25,455,630    $ (92,950 ) 
                    

The following is a summary of the inputs used to value the Portfolio’s assets and liabilities carried at fair value as of March 31, 2010:

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, money market securities are valued using amortized cost, in accordance with rules under the Investment Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active market, such securities are reflected as Level 2.

Various inputs are used in determining the value of the Portfolio's investments. These inputs are summarized in the three broad levels listed below:

 

Investment Type

    Level 1
Quoted prices in
active markets for
identical
securities		     Level 2
Significant other
observable inputs
(including quoted prices
for similar securities,
interest rates,
prepayment speeds,
credit risk, etc.)		    Level 3
Significant unobservable
inputs (including the
Portfolio’s own
assumptions in
determining the fair
value of investments)		    Total  

Assets:

           

Common Stocks

           

Consumer Discretionary

    $ 230,780,072      $ 4,028,556    $ —      $ 234,808,628   

Consumer Staples

      99,176,195        2,817,904      —        101,994,099   

Energy

      144,914,968        3,177,449      —        148,092,417   

Financials

      506,377,313        196,500      —        506,573,813   

Health Care

      92,907,321        —        —        92,907,321   

Industrials

      211,169,792        —        —        211,169,792   

Information Technology

      120,951,957        6,465,909      —        127,417,866   

Materials

      142,492,714        3,638,572      —        146,131,286   

Telecommunication Services

      34,983,347        —        —        34,983,347   

Utilities

      175,567,131        —        —        175,567,131   

Convertible Preferred Stocks

           

Financials

      1,356,510        —        —        1,356,510   

Investment Companies

           

Exchange Traded Funds (ETFs)

      217,114,358        —        —        217,114,358   

Short-Term Investments

      —          59,431,975      —        59,431,975   
                              

Total Assets

    $ 1,977,791,678      $ 79,756,865    $ —      $ 2,057,548,543   
                              

Liabilities:

           

Forward Currency Contracts

    $ —        $ —      $ —      $ —     

Futures

      (92,950 )      —        —        (92,950 ) 
                              

Total Liabilities

    $ (92,950 )    $ —      $ —      $ (92,950 ) 
                              

Total

    $ 1,977,698,728      $ 79,756,865    $ —      $ 2,057,455,593   
                              

Investment security transactions for the three months ended March 31, 2010 were as follows:

 

Cost of Purchases:

   

Stocks and long-term corporate debt securities

    $ 89,402,004

Net Proceeds of Sales and Redemptions:

   

Stocks and long-term corporate debt securities

    $ 176,544,924

 

See Notes to Portfolio of Investments.

396

EQ ADVISORS TRUST

EQ/MID CAP VALUE PLUS PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

As of March 31, 2010, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investments for Federal income tax purposes was as follows:

 

Aggregate gross unrealized appreciation

    $ 195,086,758   

Aggregate gross unrealized depreciation

      (127,058,404 ) 
        

Net unrealized appreciation

    $ 68,028,354   
        

Federal income tax cost of investments

    $ 1,989,520,189   
        

At March 31, 2010, the Portfolio had loaned securities with a total value of $ 27,557,343. This was secured by collateral of $28,446,539, which was received as cash and subsequently invested in short-term investments currently valued at $28,447,509, as reported in the Portfolio of Investments.

The Portfolio has a net capital loss carryforward of $823,058,382 of which $60,990,178 expires in the year 2015, $468,590,638 expires in the year 2016, and $293,477,566 expires in the year 2017.

Included in the capital loss carryforward amounts are $383,587,435 of losses acquired from EQ/Ariel Appreciation II, EQ/Lord Abbett Mid Cap Value and EQ/Van Kampen Real Estate as a result of a tax free reorganization that occurred during the year 2009. Certain capital loss carryforwards may be subject to limitations on use pursuant to applicable U.S. Federal Income Tax Law. Therefore, it is possible not all of these capital losses will be available for use.

 

See Notes to Portfolio of Investments.

397

EQ ADVISORS TRUST

EQ/MONEY MARKET PORTFOLIO

PORTFOLIO OF INVESTMENTS

March 31, 2010 (Unaudited)

 

     Principal
Amount		    Value
(Note 1)

SHORT TERM DEBT SECURITIES:

      

Bank Note (1.4%)

      

Bank of America N.A.

      

0.19%, 5/3/10

    $ 25,000,000    $ 25,000,000
         

Certificates of Deposit (11.1%)

      

Banco Bilbao Vizcaya Argentaria, S.A./New York

      

0.20%, 5/18/10

      25,000,000      25,000,000

Bank of Nova Scotia

      

0.19%, 6/8/10

      25,000,000      25,000,000

Bank of Tokyo-Mitsubishi UFJ Ltd./New York

      

0.20%, 4/26/10

      25,000,000      25,000,000

Citibank N.A./New York

      

0.23%, 5/24/10

      25,000,000      25,000,000

Credit Industriel et Commercial/New York

      

0.26%, 4/19/10

      25,000,000      25,000,000

Mizuho Corporate Bank/New York

      

0.19%, 4/12/10

      25,000,000      25,000,000

Nordea Bank Finland plc

      

0.18%, 5/8/10

      25,000,000      25,000,000

Svenska Handelsbanken/New York

      

0.18%, 4/27/10

      20,000,000      20,000,144
         

Total Certificates of Deposit

         195,000,144
         

Commercial Paper (53.6%)

      

Abbey National North America LLC

      

0.00%, 4/1/10(p)

      70,000,000      70,000,000

Atlantic Asset Securitization Corp.

      

0.18%, 4/27/10(n)(p)

      20,000,000      19,997,256

Barclays U.S. Funding LLC

      

0.17%, 4/30/10(p)

      25,000,000      24,996,375

Cafco LLC

      

0.20%, 6/2/10(n)(p)

      25,000,000      24,991,389

Cancara Asset Securitisation LLC

      

0.25%, 6/10/10(n)(p)

      25,000,000      24,987,847

Chariot Funding LLC

      

0.20%, 6/7/10(n)(p)

      25,000,000      24,990,694

CHARTA, LLC

      

0.23%, 6/3/10(n)(p)

      24,000,000      23,990,340

Ciesco LLC

      

0.20%, 6/2/10(n)(p)

      25,000,000      24,991,389

Commonwealth Bank of Australia

      

0.21%, 6/7/10(p)

      20,000,000      19,992,183

Credit Agricole North America, Inc.

      

0.00%, 4/1/10(p)

      70,000,000      70,000,000

Edison Asset Securitization LLC

      

0.18%, 4/27/10(n)(p)

      25,000,000      24,996,569

Gemini Securitization Corp. LLC

      

0.18%, 5/3/10(n)(p)

      25,000,000      24,995,778

General Electric Co.

      

0.00%, 4/1/10(p)

      70,000,000      70,000,000

Govco LLC

      

0.25%, 6/14/10(n)(p)

      25,000,000      24,987,153

HSBC USA, Inc.

      

0.00%, 4/1/10(p)

      70,000,000      70,000,000

ING (US) Funding LLC

      

0.20%, 6/3/10(p)

      25,000,000      24,991,250

Intesa Funding LLC

      

0.21%, 6/7/10(p)

      20,000,000      19,992,183

Lloyds TSB Bank plc

      

0.21%, 6/1/10(p)

      25,000,000      24,991,104

Manhattan Asset Funding Co. LLC

      

0.23%, 5/20/10(n)(p)

      25,000,000      24,992,174

NRW. Bank Corp

      

0.21%, 5/28/10(p)

      25,000,000      24,991,688

Rabobank USA Financial Corp.

      

0.19%, 6/7/10(p)

      25,000,000      24,991,160

Societe Generale North America, Inc.

      

0.00%, 4/1/10(p)

      45,000,000      45,000,000

0.21%, 5/25/10(p)

      25,000,000      24,992,125

Straight-A Funding LLC

      

0.16%, 4/19/10(n)(p)

      15,000,000      14,998,725

Sumitomo Mitsui Banking Corp.

      

0.17%, 4/21/10(n)(p)

      25,000,000      24,997,500

Surrey Funding Corp.

      

0.19%, 5/17/10(n)(p)

      25,000,000      24,993,931

U.S. Bank N.A.

      

0.20%, 6/30/10(p)

      25,000,000      24,987,500

UBS Finance Delaware LLC

      

0.00%, 4/1/10(p)

      70,000,000      70,000,000

UniCredit Bank Ireland plc

      

0.25%, 4/22/10(n)(p)

      25,000,000      24,996,208
         

Total Commercial Paper

         943,832,521
         

Government Securities (32.3%)

      

Federal Home Loan Mortgage Corp.

      

0.21%, 9/1/10(o)(p)

      100,000,000      99,910,750

Federal National Mortgage Association

      

0.26%, 9/15/10(o)(p)

      120,000,000      119,855,267

U.S. Treasury Bills

      

0.00%, 4/1/10(p)

      200,000,000      200,000,000

0.17%, 8/12/10(p)

      150,000,000      149,905,791
         

Total Government Securities

         569,671,808
         

Time Deposits (1.6%)

      

JPMorgan Chase Nassau

      

0.000%, 4/1/10

      166,205      166,205

State Street Bank and Trust Co.

      

0.03%, 4/1/10

      28,000,000      28,000,000
         

Total Time Deposits

         28,166,205
         

Total Investments (100.0%)
(Amortized Cost $1,761,670,678)

         1,761,670,678

Other Assets Less Liabilities (0.0%)

         299,121
         

Net Assets (100%)

       $ 1,761,969,799
         

Federal Income Tax Cost of Investments

       $ 1,761,670,678
         

 

(n) Section 4(2) Commercial Paper. Private placement for non-current transactions. Notes are usually sold to accredited investors without the intent to freely re-sell their holding.

 

(o) Discount Note Security. Effective rate calculated as of March 31, 2010.

 

(p) Yield to maturity.

 

See Notes to Portfolio of Investments.

398

EQ ADVISORS TRUST

EQ/MONEY MARKET PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

The following is a summary of the inputs used to value the Portfolio’s assets and liabilities carried at fair value as of March 31, 2010:

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, money market securities are valued using amortized cost, in accordance with rules under the Investment Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active market, such securities are reflected as Level 2.

Various inputs are used in determining the value of the Portfolio’s investments. These inputs are summarized in the three broad levels listed below:

 

Investment Type

    Level 1
Quoted prices in
active markets for
identical
securities		    Level 2
Significant other
observable inputs
(including quoted prices
for similar securities,
interest rates,
prepayment speeds,
credit risk, etc.)		    Level 3
Significant unobservable
inputs (including the
Portfolio’s own
Assumptions in
determining the fair
value of investments)		    Total

Assets:

            

Short-Term Investments

    $ —      $ 1,761,670,678    $ —      $ 1,761,670,678
                           

Total Assets

    $ —      $ 1,761,670,678    $ —      $ 1,761,670,678
                           

Total Liabilities

    $ —      $ —      $ —      $ —  
                           

Total

    $ —      $ 1,761,670,678    $ —      $ 1,761,670,678
                           

The Portfolio has a net capital loss carryforward of $445 which expires in the year 2017.

 

See Notes to Portfolio of Investments.

399

EQ ADVISORS TRUST

EQ/MONTAG & CALDWELL GROWTH PORTFOLIO

PORTFOLIO OF INVESTMENTS

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)		  

COMMON STOCKS:

      

Consumer Discretionary (11.8%)

      
Hotels, Restaurants & Leisure (3.7%)      

McDonald’s Corp.

      214,008    $ 14,278,614   
           
Media (2.6%)      

Walt Disney Co.

      282,800      9,872,548   
           
Specialty Retail (3.2%)      

TJX Cos., Inc.

      282,900      12,028,908   
           
Textiles, Apparel & Luxury Goods (2.3%)      

NIKE, Inc., Class B

      120,800      8,878,800   
           

Total Consumer Discretionary

         45,058,870   
           

Consumer Staples (19.8%)

      
Beverages (7.8%)      

Coca-Cola Co.

      248,300      13,656,500   

PepsiCo, Inc.

      244,040      16,145,686   
           
        29,802,186   
           
Food & Staples Retailing (7.1%)      

Costco Wholesale Corp.

      209,700      12,521,187   

Wal-Mart Stores, Inc.

      262,150      14,575,540   
           
        27,096,727   
           
Household Products (4.9%)      

Colgate-Palmolive Co.

      133,953      11,420,833   

Procter & Gamble Co.

      115,196      7,288,451   
           
        18,709,284   
           

Total Consumer Staples

         75,608,197   
           

Energy (8.8%)

      
Energy Equipment & Services (6.3%)      

Cameron International Corp.*

      214,100      9,176,326   

Schlumberger Ltd.

      233,652      14,827,556   
           
        24,003,882   
           
Oil, Gas & Consumable Fuels (2.5%)      

Occidental Petroleum Corp.

      110,800      9,367,032   
           

Total Energy

         33,370,914   
           

Financials (5.3%)

      
Capital Markets (2.7%)      

Charles Schwab Corp.

      555,300      10,378,557   
           
Diversified Financial Services (2.6%)      

JPMorgan Chase & Co.

      217,600      9,737,600   
           

Total Financials

         20,116,157   
           

Health Care (16.8%)

      
Biotechnology (3.3%)      

Gilead Sciences, Inc.*

      273,200      12,425,136   
           
Health Care Equipment & Supplies (2.2%)      

Stryker Corp.

      147,200      8,422,784   
           
Pharmaceuticals (11.3%)      

Abbott Laboratories, Inc.

      304,350      16,033,158   

Allergan, Inc.

      184,000      12,018,880   

Merck & Co., Inc.

      404,393    $ 15,104,078   
           
        43,156,116   
           

Total Health Care

         64,004,036   
           

Industrials (8.4%)

      
Air Freight & Logistics (1.0%)      

United Parcel Service, Inc., Class B

      60,100      3,871,041   
           
Construction & Engineering (2.1%)      

Fluor Corp.

      169,600      7,888,096   
           
Electrical Equipment (1.8%)      

Emerson Electric Co.

      140,400      7,067,736   
           
Industrial Conglomerates (3.5%)      

3M Co.

      159,200      13,304,344   
           

Total Industrials

         32,131,217   
           

Information Technology (26.3%)

      
Communications Equipment (9.6%)      

Juniper Networks, Inc.*

      248,900      7,636,252   

QUALCOMM, Inc.

      383,000      16,082,170   

Research In Motion Ltd.*

      174,700      12,919,065   
           
        36,637,487   
           
Computers & Peripherals (8.9%)      

Apple, Inc.*

      74,300      17,455,299   

Hewlett-Packard Co.

      312,400      16,604,060   
           
        34,059,359   
           
Internet Software & Services (4.2%)      

Google, Inc., Class A*

      27,890      15,813,909   
           
IT Services (3.6%)      

Visa, Inc., Class A

      150,800      13,727,324   
           

Total Information Technology

         100,238,079   
           

Materials (2.1%)

      
Chemicals (2.1%)      

Monsanto Co

      113,300      8,091,886   
           

Total Materials

         8,091,886   
           

Total Common Stocks (99.3%)
(Cost $332,184,612)

         378,619,356   
           
     Principal
Amount		    Value
(Note 1)		  

SHORT-TERM INVESTMENT:

      

Time Deposit (0.9%)

      

JPMorgan Chase Nassau

      

0.000%, 4/1/10

(Amortized Cost $3,266,566)

    $ 3,266,566      3,266,566   
           

Total Investments (100.2%)
(Cost/Amortized Cost $335,451,178)

         381,885,922   

Other Assets Less Liabilities (-0.2%)

         (675,851 ) 
           

Net Assets (100%)

       $ 381,210,071   
           

 

* Non-income producing.

 

See Notes to Portfolio of Investments.

400

EQ ADVISORS TRUST

EQ/MONTAG & CALDWELL GROWTH PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

The following is a summary of the inputs used to value the Portfolio’s assets and liabilities carried at fair value as of March 31, 2010:

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, money market securities are valued using amortized cost, in accordance with rules under the Investment Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active market, such securities are reflected as Level 2.

Various inputs are used in determining the value of the Portfolio’s investments. These inputs are summarized in the three broad levels listed below:

 

Investment Type

    Level 1
Quoted prices in active
markets for identical
securities		    Level 2
Significant other
observable inputs
(including quoted
prices for  similar
securities, interest
rates, prepayment
speeds, credit
risk, etc.)		    Level 3
Significant unobservable
inputs (including the
Portfolio’s own
assumptions in
determining the fair
value of investments)		    Total

Assets:

            

Common Stocks

            

Consumer Discretionary

    $ 45,058,870    $ —      $ —      $ 45,058,870

Consumer Staples

      75,608,197      —        —        75,608,197

Energy

      33,370,914      —        —        33,370,914

Financials

      20,116,157      —        —        20,116,157

Health Care

      64,004,036      —        —        64,004,036

Industrials

      32,131,217      —        —        32,131,217

Information Technology

      100,238,079      —        —        100,238,079

Materials

      8,091,886      —        —        8,091,886

Short-Term Investments

      —        3,266,566      —        3,266,566
                           

Total Assets

    $ 378,619,356    $ 3,266,566    $ —      $ 381,885,922
                           

Total Liabilities

    $ —      $ —      $ —      $ —  
                           

Total

    $ 378,619,356    $ 3,266,566    $ —      $ 381,885,922
                           

Investment security transactions for the three months ended March 31, 2010 were as follows:

 

Cost of Purchases:

   

Stocks and long-term corporate debt securities

    $ 27,838,559

Net Proceeds of Sales and Redemptions:

   

Stocks and long-term corporate debt securities

    $ 28,160,601

As of March 31, 2010, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investments for Federal income tax purposes was as follows:

 

Aggregate gross unrealized appreciation

    $ 46,165,984   

Aggregate gross unrealized depreciation

      (3,804,284 ) 
        

Net unrealized appreciation

    $ 42,361,700   
        

Federal income tax cost of investments

    $ 339,524,222   
        

The Portfolio has a net capital loss carryforward of $72,084,227 of which $31,864,645 expires in the year 2010, $10,247,355 expires in the year 2011, $340,608 expires in the year 2012, and $29,631,619 expires in the year 2017.

Included in the capital loss carryforward is $340,608 of losses acquired from the EQ/Enterprise Multi-Cap Growth Portfolio, as a result of tax-free reorganizations during the years ended 2003 and 2005.

 

See Notes to Portfolio of Investments.

401

EQ ADVISORS TRUST

EQ/MUTUAL LARGE CAP EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

COMMON STOCKS:

      

Consumer Discretionary (7.9%)

      
Auto Components (0.1%)      

Goodyear Tire & Rubber Co.*

    8,800    $ 111,232

International Automotive Components Group North America LLC (ADR)(b)*†

    1,598      10,889

International Automotive Components Group North America LLC(b)*†

    92,290      17,866

Johnson Controls, Inc.

    23,000      758,770
         
        898,757
         
Automobiles (0.6%)      

Daimler AG

    34,729      1,634,934

Ford Motor Co.*

    115,200      1,448,064

Harley-Davidson, Inc.

    8,000      224,560

Volkswagen AG (Preference)

    9,643      884,351
         
        4,191,909
         
Distributors (0.0%)      

Genuine Parts Co.

    5,800      244,992
         
Diversified Consumer Services (0.2%)      

Apollo Group, Inc., Class A*

    4,300      263,547

DeVry, Inc.

    2,100      136,920

H&R Block, Inc.

    11,500      204,700

Hillenbrand, Inc.

    41,050      902,689
         
        1,507,856
         
Hotels, Restaurants & Leisure (0.8%)      

Carnival Corp.

    14,800      575,424

Darden Restaurants, Inc.

    4,500      200,430

GHCP Harrah’s Investment LP(b)*†

    173,925      —  

International Game Technology

    10,100      186,345

Marriott International, Inc., Class A

    8,711      274,571

McDonald’s Corp.

    36,800      2,455,296

Starbucks Corp.*

    25,400      616,458

Starwood Hotels & Resorts Worldwide, Inc.

    6,400      298,496

Thomas Cook Group plc

    107,235      439,043

Wyndham Worldwide Corp.

    6,400      164,672

Wynn Resorts Ltd.

    2,400      181,992

Yum! Brands, Inc.

    16,000      613,280
         
        6,006,007
         
Household Durables (0.2%)      

D.R. Horton, Inc.

    9,500      119,700

Fortune Brands, Inc.

    5,500      266,805

Harman International Industries, Inc.*

    2,200      102,916

Leggett & Platt, Inc.

    5,100      110,364

Lennar Corp., Class A

    5,100      87,771

Newell Rubbermaid, Inc.

    9,500      144,400

Pulte Group, Inc.*

    10,885      122,456

Stanley Black & Decker, Inc.

    8,765      503,199

Whirlpool Corp.

    2,600      226,850
         
        1,684,461
         
Internet & Catalog Retail (0.3%)      

Amazon.com, Inc.*

    11,690      1,586,684

Expedia, Inc.

    7,200      179,712

priceline.com, Inc.*

    1,500      382,500
         
        2,148,896
         
Leisure Equipment & Products (0.7%)      

Eastman Kodak Co.*

    17,127      99,166

Hasbro, Inc.

    4,200      160,776

Mattel, Inc.

    227,568    $ 5,174,896
         
        5,434,838
         
Media (3.4%)      

CBS Corp., Class B

    23,200      323,408

Comcast Corp., Class A

    97,000      1,825,540

DIRECTV, Class A*

    32,000      1,081,920

Discovery Communications, Inc., Class A*

    9,700      327,763

Gannett Co., Inc.

    8,400      138,768

Interpublic Group of Cos., Inc.*

    16,600      138,112

McGraw-Hill Cos., Inc.

    11,100      395,715

Meredith Corp.

    1,300      44,733

New York Times Co., Class A*

    4,300      47,859

News Corp., Class A

    661,528      9,532,619

Omnicom Group, Inc.

    10,600      411,386

Scripps Networks Interactive, Inc., Class A

    3,300      146,355

Time Warner Cable, Inc.

    44,681      2,381,944

Time Warner, Inc.

    39,300      1,228,911

Viacom, Inc., Class B*

    20,800      715,104

Virgin Media, Inc.

    250,616      4,325,632

Walt Disney Co.

    66,300      2,314,533

Washington Post Co., Class B

    200      88,836
         
        25,469,138
         
Multiline Retail (0.4%)      

Big Lots, Inc.*

    2,800      101,976

Family Dollar Stores, Inc.

    4,500      164,745

J.C. Penney Co., Inc.

    7,900      254,143

Kohl’s Corp.*

    10,500      575,190

Macy’s, Inc.

    14,200      309,134

Nordstrom, Inc.

    5,700      232,845

Sears Holdings Corp.*

    1,700      184,331

Target Corp.

    25,700      1,351,820
         
        3,174,184
         
Specialty Retail (1.0%)      

Abercrombie & Fitch Co., Class A

    2,800      127,792

AutoNation, Inc.*

    3,700      66,896

AutoZone, Inc.*

    1,000      173,090

Bed Bath & Beyond, Inc.*

    9,000      393,840

Best Buy Co., Inc.

    11,700      497,718

GameStop Corp., Class A*

    5,300      116,123

Gap, Inc.

    16,100      372,071

Home Depot, Inc.

    58,100      1,879,535

Limited Brands, Inc.

    8,900      219,118

Lowe’s Cos., Inc.

    50,300      1,219,272

Office Depot, Inc.*

    10,000      79,800

O’Reilly Automotive, Inc.*

    4,700      196,037

RadioShack Corp.

    4,300      97,309

Ross Stores, Inc.

    4,100      219,227

Sherwin-Williams Co.

    3,100      209,808

Staples, Inc.

    24,700      577,733

Tiffany & Co.

    4,100      194,709

TJX Cos., Inc.

    14,400      612,288

Urban Outfitters, Inc.*

    4,400      167,332
         
        7,419,698
         
Textiles, Apparel & Luxury Goods (0.2%)      

Coach, Inc.

    10,700      422,864

NIKE, Inc., Class B

    13,300      977,550

Polo Ralph Lauren Corp.

    2,000      170,080

VF Corp.

    3,000      240,450
         
        1,810,944
         

Total Consumer Discretionary

         59,991,680
         

 

See Notes to Portfolio of Investments.

402

EQ ADVISORS TRUST

EQ/MUTUAL LARGE CAP EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Consumer Staples (17.2%)

      
Beverages (3.7%)      

Brown-Forman Corp., Class B

    32,285    $ 1,919,343

Carlsberg A/S, Class B

    24,205      2,031,502

Coca-Cola Co.

    78,800      4,334,000

Coca-Cola Enterprises, Inc.

    63,000      1,742,580

Constellation Brands, Inc., Class A*

   7,100      116,724

Dr. Pepper Snapple Group, Inc.

    196,896      6,924,832

Molson Coors Brewing Co., Class B

   5,400      227,124

PepsiCo, Inc.

    93,235      6,168,428

Pernod-Ricard S.A.

    56,032      4,757,978
         
        28,222,511
         
Food & Staples Retailing (3.8%)      

Carrefour S.A.

    39,629      1,910,036

Costco Wholesale Corp.

    15,000      895,650

CVS Caremark Corp.

    357,707      13,077,768

Kroger Co.

    211,015      4,570,585

Safeway, Inc.

    13,300      330,638

SUPERVALU, Inc.

    7,200      120,096

Sysco Corp.

    20,300      598,850

Walgreen Co.

    33,700      1,249,933

Wal-Mart Stores, Inc.

    111,712      6,211,187

Whole Foods Market, Inc.*

    5,800      209,670
         
        29,174,413
         
Food Products (3.4%)      

Archer-Daniels-Midland Co.

    22,000      635,800

Campbell Soup Co.

    6,400      226,240

ConAgra Foods, Inc.

    15,200      381,064

Danone S.A.

    17,127      1,031,713

Dean Foods Co.*

    6,200      97,278

General Mills, Inc.

    50,357      3,564,772

H.J. Heinz Co.

    10,800      492,588

Hershey Co.

    5,400      231,174

Hormel Foods Corp.

    2,600      109,226

J.M. Smucker Co.

    4,100      247,066

Kellogg Co.

    8,600      459,498

Kraft Foods, Inc., Class A

    323,391      9,779,344

McCormick & Co., Inc.(Non- Voting)

    4,800      184,128

Mead Johnson Nutrition Co., Class A

    6,900      359,007

Nestle S.A. (Registered)

    140,461      7,193,564

Sara Lee Corp.

    23,800      331,534

Tyson Foods, Inc., Class A

    10,400      199,160
         
        25,523,156
         
Household Products (1.2%)      

Clorox Co.

    4,800      307,872

Colgate-Palmolive Co.

    16,900      1,440,894

Kimberly-Clark Corp.

    14,200      892,896

Procter & Gamble Co.

    99,300      6,282,711
         
        8,924,373
         
Personal Products (0.1%)      

Avon Products, Inc.

    14,500      491,115

Estee Lauder Cos., Inc., Class A

    3,900      252,993
         
        744,108
         
Tobacco (5.0%)      

Altria Group, Inc.

    422,856      8,677,005

British American Tobacco plc

    255,104      8,793,438

Imperial Tobacco Group plc

    233,405      7,119,261

Japan Tobacco, Inc.

    671      2,497,679

KT&G Corp.

    21,755      1,203,644

Lorillard, Inc.

    21,993      1,654,753

Philip Morris International, Inc.

    105,527      5,504,289

Reynolds American, Inc.

    52,247    $ 2,820,293
         
        38,270,362
         

Total Consumer Staples

         130,858,923
         

Energy (8.1%)

      
Energy Equipment & Services (2.2%)      

Baker Hughes, Inc.

    42,187      1,976,039

BJ Services Co.

    10,600      226,840

Cameron International Corp.*

    8,400      360,024

Diamond Offshore Drilling, Inc.

    2,200      195,382

Exterran Holdings, Inc.*

    46,146      1,115,349

FMC Technologies, Inc.*

    4,200      271,446

Halliburton Co.

    30,900      931,017

Helmerich & Payne, Inc.

    3,600      137,088

Nabors Industries Ltd.*

    9,400      184,522

National Oilwell Varco, Inc.

    14,300      580,294

Pride International, Inc.*

    56,815      1,710,699

Rowan Cos., Inc.*

    3,900      113,529

Schlumberger Ltd.

    41,200      2,614,552

Smith International, Inc.

    8,200      351,124

Transocean Ltd.*

    66,955      5,783,573
         
        16,551,478
         
Oil, Gas & Consumable Fuels (5.9%)      

Anadarko Petroleum Corp.

    16,800      1,223,544

Apache Corp.

    11,500      1,167,250

Cabot Oil & Gas Corp.

    3,500      128,800

Chesapeake Energy Corp.

    22,300      527,172

Chevron Corp.

    68,700      5,209,521

ConocoPhillips

    50,800      2,599,436

Consol Energy, Inc.

    6,200      264,492

Denbury Resources, Inc.*

    13,500      227,745

Devon Energy Corp.

    15,300      985,779

El Paso Corp.

    24,000      260,160

EOG Resources, Inc.

    8,600      799,284

Exxon Mobil Corp.

    161,700      10,830,666

Hess Corp.

    10,000      625,500

Marathon Oil Corp.

    162,141      5,130,141

Massey Energy Co.

    2,700      141,183

Murphy Oil Corp.

    6,500      365,235

Noble Energy, Inc.

    21,267      1,552,491

Occidental Petroleum Corp.

    27,800      2,350,212

Peabody Energy Corp.

    9,200      420,440

Pioneer Natural Resources Co.

    4,000      225,280

Range Resources Corp.

    5,200      243,724

Royal Dutch Shell plc, Class A

    151,979      4,395,867

Southwestern Energy Co.*

    11,800      480,496

Spectra Energy Corp.

    22,100      497,913

Sunoco, Inc.

    4,000      118,840

Tesoro Corp.

    4,800      66,720

Total S.A.

    39,642      2,301,255

Valero Energy Corp.

    19,200      378,240

Williams Cos., Inc.

    19,700      455,070

XTO Energy, Inc.

    20,300      957,754
         
        44,930,210
         

Total Energy

         61,481,688
         

Financials (15.4%)

      
Capital Markets (2.2%)      

Ameriprise Financial, Inc.

    8,700      394,632

Bank of New York Mellon Corp.

    41,300      1,275,344

CG Investor LLC I(b)*†

    1,679,193      268,671

CG Investor LLC II(b)*†

    1,679,193      268,671

CG Investor LLC III(b)*†

    839,596      134,335

Charles Schwab Corp.

    32,600      609,294

 

See Notes to Portfolio of Investments.

403

EQ ADVISORS TRUST

EQ/MUTUAL LARGE CAP EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

E*TRADE Financial Corp.*

    59,000    $ 97,350

Federated Investors, Inc., Class B

    3,200      84,416

Franklin Resources, Inc.

    5,100      565,590

Goldman Sachs Group, Inc.

    18,000      3,071,340

Invesco Ltd.

    14,700      322,077

Janus Capital Group, Inc.

    5,800      82,882

Legg Mason, Inc.

    5,600      160,552

Morgan Stanley

    190,578      5,582,029

Northern Trust Corp.

    8,300      458,658

State Street Corp.

    16,900      762,866

T. Rowe Price Group, Inc.

    8,900      488,877

UBS AG (Registered)*

    148,972      2,421,643
         
        17,049,227
         
Commercial Banks (3.1%)      

Barclays plc

    780,110      4,265,292

BB&T Corp.

    23,600      764,404

Comerica, Inc.

    5,700      216,828

Fifth Third Bancorp

    27,100      368,289

First Horizon National Corp.*

    8,180      114,935

Guaranty Bancorp*

    91,672      145,759

Huntington Bancshares, Inc./Ohio

    24,400      131,028

Intesa Sanpaolo S.p.A.*

    375,208      1,397,431

KeyCorp

    29,500      228,625

M&T Bank Corp.

    2,800      222,264

Marshall & Ilsley Corp.

    18,000      144,900

PNC Financial Services Group, Inc.

    61,000      3,641,700

Regions Financial Corp.

    40,800      320,280

SunTrust Banks, Inc.

    17,100      458,109

U.S. Bancorp

    65,400      1,692,552

Wells Fargo & Co.

    306,795      9,547,460

Zions Bancorp

    4,600      100,372
         
        23,760,228
         
Consumer Finance (0.4%)      

American Express Co.

    40,900      1,687,534

Capital One Financial Corp.

    15,500      641,855

Discover Financial Services

    18,600      277,140

SLM Corp.*

    17,000      212,840
         
        2,819,369
         
Diversified Financial Services (3.4%)      

Bank of America Corp.

    718,569      12,826,457

Bond Street Holdings LLC, Class A*§†

    25,300      518,650

Citigroup, Inc.*

    674,300      2,730,915

CME Group, Inc.

    2,278      720,099

Deutsche Boerse AG

    31,943      2,367,732

IntercontinentalExchange, Inc.*

    2,500      280,450

JPMorgan Chase & Co.

    135,900      6,081,525

Leucadia National Corp.*

    6,600      163,746

Moody’s Corp.

    6,900      205,275

NASDAQ OMX Group, Inc.*

    5,000      105,600

NYSE Euronext

    8,900      263,529
         
        26,263,978
         

Insurance (4.6%)

      

ACE Ltd.

    60,010      3,138,523

Aflac, Inc.

    16,000      868,640

Alleghany Corp.*

    4,858      1,412,782

Allstate Corp.

    18,300      591,273

American International Group, Inc.*

    4,615      157,556

Aon Corp.

    9,100      388,661

Assurant, Inc.

    4,000      137,520

Berkshire Hathaway, Inc., Class B*

    114,552      9,309,641

Chubb Corp.

    11,200      580,720

Cincinnati Financial Corp.

    5,900      170,510

Conseco, Inc.*

    90,598    $ 563,520

Genworth Financial, Inc., Class A*

    16,700      306,278

Hartford Financial Services Group, Inc.

    13,100      372,302

Lincoln National Corp.

    10,300      316,210

Loews Corp.

    12,100      451,088

Marsh & McLennan Cos., Inc.

    18,200      444,444

MetLife, Inc.

    28,000      1,213,520

Old Republic International Corp.

    156,506      1,984,496

Principal Financial Group, Inc.

    10,900      318,389

Progressive Corp.

    23,000      439,070

Prudential Financial, Inc.

    15,900      961,950

Torchmark Corp.

    2,800      149,828

Travelers Cos., Inc.

    52,961      2,856,716

Unum Group

    11,400      282,378

White Mountains Insurance Group Ltd.

    13,520      4,799,600

XL Capital Ltd., Class A

    11,700      221,130

Zurich Financial Services AG

    8,650      2,217,465
         
        34,654,210
         
Real Estate Investment Trusts (REITs) (1.1%)      

Alexander’s, Inc. (REIT)*

    8,355      2,499,231

Apartment Investment & Management Co. (REIT), Class A

    4,300      79,163

AvalonBay Communities, Inc. (REIT)

    2,600      224,510

Boston Properties, Inc. (REIT)

    4,800      362,112

Equity Residential (REIT)

    9,600      375,840

HCP, Inc. (REIT)

    9,800      323,400

Health Care REIT, Inc. (REIT)

    4,000      180,920

Host Hotels & Resorts, Inc. (REIT)

    21,546      315,649

Kimco Realty Corp. (REIT)

    13,500      211,140

Link REIT (REIT)

    681,341      1,679,604

Plum Creek Timber Co., Inc. (REIT)

    5,600      217,896

ProLogis (REIT)

    16,200      213,840

Public Storage (REIT)

    4,600      423,154

Simon Property Group, Inc. (REIT)

    9,818      823,730

Ventas, Inc. (REIT)

    5,400      256,392

Vornado Realty Trust (REIT)

    5,300      401,210
         
        8,587,791
         
Real Estate Management & Development (0.5%)      

Canary Wharf Group plc(b)*†

    353,084      1,635,947

CB Richard Ellis Group, Inc., Class A*

    8,700      137,895

Forestar Group, Inc.*

    45,974      867,989

St. Joe Co.*

    30,594      989,716
         
        3,631,547
         
Thrifts & Mortgage Finance (0.1%)      

Hudson City Bancorp, Inc.

    16,200      229,392

People’s United Financial, Inc.

    12,700      198,628
         
        428,020
         

Total Financials

         117,194,370
         

Health Care (8.1%)

      
Biotechnology (0.7%)      

Amgen, Inc.*

    33,500      2,001,960

Biogen Idec, Inc.*

    9,200      527,712

Celgene Corp.*

    15,700      972,772

Cephalon, Inc.*

    2,400      162,672

Genzyme Corp.*

    9,000      466,470

Gilead Sciences, Inc.*

    30,900      1,405,332
         
        5,536,918
         

 

See Notes to Portfolio of Investments.

404

EQ ADVISORS TRUST

EQ/MUTUAL LARGE CAP EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)
Health Care Equipment & Supplies (1.3%)      

Alcon, Inc.

    6,832    $ 1,103,778

Baxter International, Inc.

    20,600      1,198,920

Becton, Dickinson and Co.

    12,135      955,389

Boston Scientific Corp.*

    293,070      2,115,965

C.R. Bard, Inc.

    3,300      285,846

CareFusion Corp.*

    6,500      171,795

DENTSPLY International, Inc.

    5,400      188,190

Hospira, Inc.*

    5,800      328,570

Intuitive Surgical, Inc.*

    1,311      456,398

Medtronic, Inc.

    37,800      1,702,134

St. Jude Medical, Inc.*

    11,100      455,655

Stryker Corp.

    9,700      555,034

Varian Medical Systems, Inc.*

    4,200      232,386

Zimmer Holdings, Inc.*

    7,300      432,160
         
        10,182,220
         
Health Care Providers & Services (2.5%)      

Aetna, Inc.

    14,700      516,117

AmerisourceBergen Corp.

    9,600      277,632

Cardinal Health, Inc.

    12,300      443,169

CIGNA Corp.

    9,200      336,536

Community Health Systems, Inc.*

    57,135      2,109,996

Coventry Health Care, Inc.*

    5,400      133,488

DaVita, Inc.*

    3,500      221,900

Express Scripts, Inc.*

    9,400      956,544

Humana, Inc.*

    5,700      266,589

Laboratory Corp. of America Holdings*

    3,600      272,556

McKesson Corp.

    9,200      604,624

Medco Health Solutions, Inc.*

    15,900      1,026,504

Patterson Cos., Inc.

    3,300      102,465

Quest Diagnostics, Inc.

    5,100      297,279

Tenet Healthcare Corp.*

    678,506      3,881,054

UnitedHealth Group, Inc.

    205,521      6,714,371

WellPoint, Inc.*

    15,200      978,576
         
        19,139,400
         
Life Sciences Tools & Services (0.2%)      

Life Technologies Corp.*

    5,900      308,393

Millipore Corp.*

    2,000      211,200

PerkinElmer, Inc.

    4,200      100,380

Thermo Fisher Scientific, Inc.*

    14,000      720,160

Waters Corp.*

    3,200      216,128
         
        1,556,261
         
Pharmaceuticals (3.4%)      

Abbott Laboratories, Inc.

    53,100      2,797,308

Allergan, Inc.

    10,500      685,860

Bristol-Myers Squibb Co.

    58,600      1,564,620

Eli Lilly and Co.

    44,044      1,595,274

Forest Laboratories, Inc.*

    10,300      323,008

Johnson & Johnson

    94,100      6,135,320

King Pharmaceuticals, Inc.*

    9,000      105,840

Merck & Co., Inc.

    106,571      3,980,427

Mylan, Inc.*

    10,100      229,371

Novartis AG (Registered)

    61,883      3,342,410

Pfizer, Inc.

    275,968      4,732,851

Watson Pharmaceuticals, Inc.*

    3,600      150,372
         
        25,642,661
         

Total Health Care

         62,057,460
         

Industrials (8.1%)

      
Aerospace & Defense (1.4%)      

Boeing Co.

    25,900      1,880,599

GenCorp, Inc.*

    61,699      355,386

General Dynamics Corp.

    13,200      1,019,040

Goodrich Corp.

    4,300    $ 303,236

Honeywell International, Inc.

    26,100      1,181,547

ITT Corp.

    6,100      327,021

L-3 Communications Holdings, Inc.

    4,000      366,520

Lockheed Martin Corp.

    10,800      898,776

Northrop Grumman Corp.

    10,400      681,928

Precision Castparts Corp.

    4,800      608,208

Raytheon Co.

    13,000      742,560

Rockwell Collins, Inc.

    5,400      337,986

United Technologies Corp.

    32,000      2,355,520
         
        11,058,327
         
Air Freight & Logistics (0.7%)      

C.H. Robinson Worldwide, Inc.

    5,700      318,345

Expeditors International of Washington, Inc.

    7,300      269,516

FedEx Corp.

    10,700      999,380

TNT N.V.

    55,521      1,592,026

United Parcel Service, Inc., Class B

    34,000      2,189,940
         
        5,369,207
         
Airlines (0.0%)      

Southwest Airlines Co.

    25,400      335,788
         
Building Products (0.3%)      

Masco Corp.

    12,300      190,896

Owens Corning, Inc.*

    84,474      2,149,018
         
        2,339,914
         

Commercial Services & Supplies (0.2%)

      

Avery Dennison Corp.

    3,800      138,358

Cintas Corp.

    4,800      134,832

Iron Mountain, Inc.

    6,500      178,100

Pitney Bowes, Inc.

    7,100      173,595

R.R. Donnelley & Sons Co.

    7,500      160,125

Republic Services, Inc.

    11,700      339,534

Stericycle, Inc.*

    3,100      168,950

Waste Management, Inc.

    16,600      571,538
         
        1,865,032
         
Construction & Engineering (0.1%)      

Fluor Corp.

    6,000      279,060

Jacobs Engineering Group, Inc.*

    4,300      194,317

Quanta Services, Inc.*

    7,400      141,784
         
        615,161
         
Electrical Equipment (0.5%)      

Alstom S.A.

    28,304      1,765,024

Emerson Electric Co.

    25,700      1,293,738

First Solar, Inc.*

    1,600      196,240

Rockwell Automation, Inc.

    5,100      287,436

Roper Industries, Inc.

    3,200      185,088
         
        3,727,526
         
Industrial Conglomerates (2.9%)      

3M Co.

    24,300      2,030,751

General Electric Co.

    364,900      6,641,180

Orkla ASA

    617,675      5,461,506

Siemens AG (Registered)

    52,591      5,267,025

Textron, Inc.

    9,200      195,316

Tyco International Ltd.

    68,430      2,617,448
         
        22,213,226
         
Machinery (0.9%)      

Caterpillar, Inc.

    21,400      1,344,990

Cummins, Inc.

    6,900      427,455

Danaher Corp.

    9,000      719,190

Deere & Co.

    14,500      862,170

Dover Corp.

    6,400      299,200

Eaton Corp.

    5,600      424,312

 

See Notes to Portfolio of Investments.

405

EQ ADVISORS TRUST

EQ/MUTUAL LARGE CAP EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Federal Signal Corp.

    98,518    $ 887,647

Flowserve Corp.

    1,900      209,513

Illinois Tool Works, Inc.

    13,200      625,152

PACCAR, Inc.

    12,500      541,750

Pall Corp.

    4,300      174,107

Parker Hannifin Corp.

    5,500      356,070

Snap-On, Inc.

    2,100      91,014
         
        6,962,570
         
Marine (0.5%)      

A. P. Moller - Maersk A/S, Class B

    505      3,848,108
         
Professional Services (0.1%)      

Dun & Bradstreet Corp.

    1,900      141,398

Equifax, Inc.

    4,600      164,680

Robert Half International, Inc.

    5,100      155,193
         
        461,271
         
Road & Rail (0.4%)      

CSX Corp.

    13,300      676,970

Norfolk Southern Corp.

    12,600      704,214

Ryder System, Inc.

    2,000      77,520

Union Pacific Corp.

    17,300      1,268,090
         
        2,726,794
         
Trading Companies & Distributors (0.1%)      

Fastenal Co.

    4,500      215,955

W.W. Grainger, Inc.

    2,000      216,240
         
        432,195
         

Total Industrials

         61,955,119
         

Information Technology (13.2%)

      
Communications Equipment (1.6%)      

Cisco Systems, Inc.*

    195,800      5,096,674

Harris Corp.

    4,800      227,952

JDS Uniphase Corp.*

    7,800      97,734

Juniper Networks, Inc.*

    18,000      552,240

Motorola, Inc.*

    514,702      3,613,208

QUALCOMM, Inc.

    57,500      2,414,425

Tandberg ASA

    13,695      390,581

Tellabs, Inc.

    13,500      102,195
         
        12,495,009
         
Computers & Peripherals (3.3%)      

Apple, Inc.*

    31,000      7,282,830

Dell, Inc.*

    342,247      5,137,127

EMC Corp.*

    70,200      1,266,408

Hewlett-Packard Co.

    80,500      4,278,575

International Business Machines Corp.

    44,400      5,694,300

Lexmark International, Inc., Class A*

    2,700      97,416

NetApp, Inc.*

    11,600      377,696

QLogic Corp.*

    3,900      79,170

SanDisk Corp.*

    7,600      263,188

Teradata Corp.*

    6,200      179,118

Western Digital Corp.*

    7,800      304,122
         
        24,959,950
         
Electronic Equipment, Instruments & Components (0.5%)      

Agilent Technologies, Inc.*

    11,900      409,241

Amphenol Corp., Class A

    6,200      261,578

Corning, Inc.

    53,300      1,077,193

FLIR Systems, Inc.*

    5,200      146,640

Jabil Circuit, Inc.

    7,200      116,568

Molex, Inc.

    5,100      106,386

Tyco Electronics Ltd.

    74,223      2,039,648
         
        4,157,254
         
Internet Software & Services (0.9%)      

Akamai Technologies, Inc.*

    5,900    $ 185,319

eBay, Inc.*

    38,600      1,040,270

Google, Inc., Class A*

    8,260      4,683,503

Monster Worldwide, Inc.*

    4,700      78,067

VeriSign, Inc.*

    6,300      163,863

Yahoo!, Inc.*

    40,700      672,771
         
        6,823,793
         
IT Services (0.7%)      

Automatic Data Processing, Inc.

    17,300      769,331

Cognizant Technology Solutions Corp., Class A*

    10,100      514,898

Computer Sciences Corp.*

    5,500      299,695

Fidelity National Information Services, Inc.

    11,500      269,560

Fiserv, Inc.*

    5,200      263,952

Mastercard, Inc., Class A

    3,299      837,946

Paychex, Inc.

    10,700      328,490

SAIC, Inc.*

    10,000      177,000

Total System Services, Inc.

    7,200      112,752

Visa, Inc., Class A

    15,300      1,392,759

Western Union Co.

    23,300      395,168
         
        5,361,551
         
Office Electronics (0.8%)      

Xerox Corp.

    606,878      5,917,061
         
Semiconductors & Semiconductor Equipment (2.0%)      

Advanced Micro Devices, Inc.*

    19,300      178,911

Altera Corp.

    9,600      233,376

Analog Devices, Inc.

    10,200      293,964

Applied Materials, Inc.

    45,500      613,340

Broadcom Corp., Class A

    14,600      484,428

Intel Corp.

    188,900      4,204,914

KLA-Tencor Corp.

    5,900      182,428

Linear Technology Corp.

    7,200      203,616

LSI Corp.*

    650,216      3,979,322

Maxim Integrated Products, Inc.

    139,729      2,709,345

MEMC Electronic Materials, Inc.*

    7,800      119,574

Microchip Technology, Inc.

    6,300      177,408

Micron Technology, Inc.*

    29,100      302,349

National Semiconductor Corp.

    7,600      109,820

Novellus Systems, Inc.*

    3,300      82,500

NVIDIA Corp.*

    19,000      330,220

Teradyne, Inc.*

    6,100      68,137

Texas Instruments, Inc.

    42,500      1,039,975

Xilinx, Inc.

    9,000      229,500
         
        15,543,127
         
Software (3.4%)      

Adobe Systems, Inc.*

    17,900      633,123

Autodesk, Inc.*

    7,900      232,418

BMC Software, Inc.*

    6,200      235,600

CA, Inc.

    13,200      309,804

Citrix Systems, Inc.*

    6,100      289,567

Compuware Corp.*

    9,000      75,600

Electronic Arts, Inc.*

    10,800      201,528

Intuit, Inc.*

    10,700      367,438

McAfee, Inc.*

    5,400      216,702

Microsoft Corp.

    538,964      15,775,476

Nintendo Co., Ltd.

    8,077      2,704,141

Novell, Inc.*

    12,500      74,875

Oracle Corp.

    133,700      3,434,753

Red Hat, Inc.*

    6,900      201,963

Salesforce.com, Inc.*

    3,800      282,910

 

See Notes to Portfolio of Investments.

406

EQ ADVISORS TRUST

EQ/MUTUAL LARGE CAP EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

 

     Number of
Shares		    Value
(Note 1)

Symantec Corp.*

    27,600    $ 466,992
         
        25,502,890
         

Total Information Technology

         100,760,635
         

Materials (3.9%)

      
Chemicals (1.4%)      

Air Products & Chemicals, Inc.

    7,300      539,835

Airgas, Inc.

    2,800      178,136

CF Industries Holdings, Inc.

    1,800      164,124

Dow Chemical Co.

    39,300      1,162,101

E.I. du Pont de Nemours & Co.

    30,900      1,150,716

Eastman Chemical Co.

    2,500      159,200

Ecolab, Inc.

    8,100      355,995

FMC Corp.

    2,500      151,350

International Flavors & Fragrances, Inc.

    2,900      138,243

Linde AG

    31,346      3,740,092

Monsanto Co.

    18,700      1,335,554

PPG Industries, Inc.

    5,700      372,780

Praxair, Inc.

    10,500      871,500

Sigma-Aldrich Corp.

    4,200      225,372
         
        10,544,998
         
Construction Materials (0.0%)      

Vulcan Materials Co.

    4,300      203,132
         
Containers & Packaging (0.1%)      

Ball Corp.

    3,400      181,492

Bemis Co., Inc.

    3,600      103,392

Owens-Illinois, Inc.*

    5,800      206,132

Pactiv Corp.*

    4,500      113,310

Sealed Air Corp.

    5,800      122,264
         
        726,590
         
Metals & Mining (0.5%)      

AK Steel Holding Corp.

    3,300      75,438

Alcoa, Inc.

    34,000      484,160

Allegheny Technologies, Inc.

    3,300      178,167

Cliffs Natural Resources, Inc.

    4,400      312,180

Freeport-McMoRan Copper & Gold, Inc.

    14,700      1,228,038

Newmont Mining Corp.

    16,800      855,624

Nucor Corp.

    10,800      490,104

Titanium Metals Corp.*

    3,100      51,429

United States Steel Corp.

    4,800      304,896
         
        3,980,036
         
Paper & Forest Products (1.9%)      

Domtar Corp.*

    23,168      1,492,251

International Paper Co.

    147,078      3,619,590

MeadWestvaco Corp.

    47,411      1,211,351

Weyerhaeuser Co.

    168,171      7,613,101
        13,936,293
         

Total Materials

         29,391,049
         

Telecommunication Services (3.1%)

      
Diversified Telecommunication Services (2.3%)      

AT&T, Inc.

    201,800      5,214,512

Cable & Wireless Communications plc

    1,567,107      1,316,270

Cable & Wireless Worldwide plc*

    1,567,107      2,187,838

CenturyTel, Inc.

    9,924      351,905

Frontier Communications Corp.

    10,700      79,608

Koninklijke (Royal) KPN N.V

    202,805      3,213,065

Qwest Communications International, Inc.

    50,800      265,176

Telefonica S.A.

    78,772      1,866,140

Verizon Communications, Inc.

    97,000    $ 3,008,940

Windstream Corp.

    16,100      175,329
         
        17,678,783
         
Wireless Telecommunication Services (0.8%)      

American Tower Corp., Class A*

    13,800      588,018

MetroPCS Communications, Inc.*

    9,600      67,968

Sprint Nextel Corp.*

    101,700      386,460

Vodafone Group plc

    2,247,616      5,184,351
         
        6,226,797
         

Total Telecommunication Services

         23,905,580
         

Utilities (3.8%)

      
Electric Utilities (2.4%)      

Allegheny Energy, Inc.

    6,200      142,600

American Electric Power Co., Inc.

    16,300      557,134

Duke Energy Corp.

    44,800      731,136

E.ON AG

    133,293      4,921,180

Edison International

    11,100      379,287

Entergy Corp.

    27,404      2,229,316

Exelon Corp.

    117,577      5,151,048

FirstEnergy Corp.

    10,600      414,354

FPL Group, Inc.

    14,100      681,453

Northeast Utilities

    6,300      174,132

Pepco Holdings, Inc.

    7,600      130,340

Pinnacle West Capital Corp.

    3,500      132,055

PPL Corp.

    12,900      357,459

Prime Infrastructure Group*

    350,436      1,173,758

Progress Energy, Inc.

    9,400      369,984

Southern Co.

    27,600      915,216
         
        18,460,452
         
Gas Utilities (0.1%)      

EQT Corp.

    4,500      184,500

Nicor, Inc.

    1,600      67,072

ONEOK, Inc.

    3,700      168,905

Questar Corp.

    6,300      272,160
         
        692,637
         
Independent Power Producers & Energy Traders (0.4%)      

AES Corp.*

    23,700      260,700

Constellation Energy Group, Inc.

    6,900      242,259

NRG Energy, Inc.*

    127,307      2,660,716
         
        3,163,675
         
Multi-Utilities (0.9%)      

Ameren Corp.

    8,100      211,248

CenterPoint Energy, Inc.

    12,700      182,372

CMS Energy Corp.

    7,900      122,134

Consolidated Edison, Inc.

    9,600      427,584

Dominion Resources, Inc.

    20,500      842,755

DTE Energy Co.

    5,600      249,760

GDF Suez S.A.

    44,817      1,731,218

Integrys Energy Group, Inc.

    2,800      132,664

NiSource, Inc.

    10,000      158,000

PG&E Corp.

    12,700      538,734

Public Service Enterprise Group, Inc.

    17,300      510,696

SCANA Corp.

    4,400      165,396

Sempra Energy

    8,400      419,160

TECO Energy, Inc.

    7,800      123,942

Wisconsin Energy Corp.

    4,300      212,463

Xcel Energy, Inc.

    16,600      351,920
         
        6,380,046
         

Total Utilities

         28,696,810
         

Total Common Stocks (88.8%)
(Cost $580,526,435)

         676,293,314
         

 

See Notes to Portfolio of Investments.

407

EQ ADVISORS TRUST

EQ/MUTUAL LARGE CAP EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Principal
Amount		    Value
(Note 1)

LONG-TERM DEBT SECURITIES:

      

Corporate Bonds (2.9%)

      

Consumer Discretionary (0.1%)

      
Auto Components (0.0%)      

International Automotive Components Group North America LLC Term Loan

      

6.250%, 12/31/49(b)†

    $ 17,684    $ 15,916

9.000%, 12/31/49(b)†

      26,900      24,538
         
        40,454
         
Media (0.1%)      

Charter Communications Operating LLC Term Loan

      

7.250%, 3/6/14

      764,474      775,253
         

Total Consumer Discretionary

         815,707
         

Financials (1.4%)

      
Capital Markets (0.1%)      

CG Investor LLC I

      

12.000%, 7/31/12(b)†

      1,473,800      235,808

CG Investor LLC II

      

12.000%, 7/31/12(b)†

      1,473,800      235,808

CG Investor LLC III

      

12.000%, 7/31/12(b)†

      736,900      117,904
         
        589,520
         
Commercial Banks (0.3%)      

CIT Group, Inc.

      

7.000%, 5/1/13

      196,549      191,144

7.000%, 5/1/14

      294,824      278,609

7.000%, 5/1/15

      294,824      274,923

7.000%, 5/1/16

      740,376      682,997

7.000%, 5/1/17

      819,927      756,382
         
        2,184,055
         
Diversified Financial Services (0.2%)      

CIT Group, Inc.

      

9.500%, 1/20/12

      1,325,700      1,355,529

Term Loan

      

13.000%, 1/20/12

      595,800      615,908

Tropicana Entertainment LLC

      

9.625%, 12/15/14(h)

      2,014,000      1,762
         
        1,973,199
         
Real Estate Management & Development (0.8%)      

Realogy Corp.

      

13.500%, 10/15/17

      155,000      169,803

Term Loan

      

2.504%, 12/15/13(l)(t)

      1,411,900      1,200,115

3.251%, 12/15/13(l)

      5,189,156      4,573,982
         
        5,943,900
         

Total Financials

         10,690,674
         

Industrials (0.0%)

      
Airlines (0.0%)      

Northwest Airlines, Inc., Trade Claim Escrows

      

0.000%, 12/31/49(b)†

      1,510,000      —  
         

Total Industrials

         —  
         

Information Technology (0.8%)

      
Communications Equipment (0.4%)      

Avaya, Inc.

      

0.000%, 10/26/14

    $ 3,192,000    $ 2,847,720
         
IT Services (0.4%)      

First Data Corp. Term Loan

      

3.035%, 9/24/14(l)

      3,626,345      3,209,753
         
        3,209,753
         

Total Information Technology

         6,057,473
         

Materials (0.0%)

      
Chemicals (0.0%)      

Lyondell Chemical Co.

      

13.000%, 6/3/10(t)

      89,100      92,148
         

Total Materials

         92,148
         

Utilities (0.6%)

      
Electric Utilities (0.6%)      

Boston Generating LLC

      

2.528%, 12/20/13(l)

      34,762      29,211

2.542%, 12/20/13(l)

      124,292      104,444

Term Loan

      

2.528%, 12/20/13(l)

      543,425      456,647

Texas Competitive Electric Holdings Co. LLC

      

3.751%, 10/10/14

      1,324,345      1,061,315

Term Loan

      

3.729%, 10/10/14(l)

      494,000      404,874

3.735%, 10/10/14(l)

      2,690,156      2,190,415
         

Total Utilities

         4,246,906
         

Total Corporate Bonds

         21,902,908
         

Total Long-Term Debt Securities (2.9%)
(Cost $25,033,443)

         21,902,908
         

SHORT-TERM INVESTMENTS:

      

Government Securities (6.8%)

      

Federal Home Loan Bank

      

0.00%, 4/1/10 (o)(p)

    $ 11,100,000      11,100,000

U.S. Treasury Bills

      

0.15%, 4/15/10 (p)

      5,000,000      4,999,695

0.14%, 5/13/10 (p)

      3,000,000      2,999,493

0.15%, 5/27/10 (p)

      3,000,000      2,999,268

0.14%, 6/3/10 (p)

      3,000,000      2,999,229

0.13%, 6/24/10 (p)

      3,000,000      2,999,055

0.15%, 7/15/10 (p)

      3,000,000      2,998,644

0.16%, 7/22/10 (p)

      2,000,000      1,999,004

0.15%, 7/29/10 (p)

      3,000,000      2,998,464

0.17%, 8/5/10 (p)

      5,000,000      4,996,990

0.19%, 8/19/10 (p)

      2,000,000      1,998,522

0.20%, 8/26/10 (p)

      2,000,000      1,998,366

0.21%, 9/9/10 (p)

      5,000,000      4,995,190

0.22%, 9/16/10 (p)

      2,000,000      1,997,900
         

Total Government Securities

         52,079,820
         

Time Deposit (1.2%)

      

JPMorgan Chase Nassau

      

0.000%, 4/1/10

      9,052,041      9,052,041
         

Total Short-Term Investments (8.0%)
(Cost/Amortized Cost $61,132,765)

         61,131,861
         

 

See Notes to Portfolio of Investments.

408

EQ ADVISORS TRUST

EQ/MUTUAL LARGE CAP EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Principal
Amount		    Value
(Note 1)

Total Investments (99.7%)
(Cost/Amortized Cost $666,692,643)

       $ 759,328,083

Other Assets Less Liabilities (0.3%)

         2,283,061
         

Net Assets (100%)

       $ 761,611,144
         

 

* Non-income producing.

 

† Securities (totaling $3,485,003 or 0.5% of net assets) at fair value by management.

 

§ Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may only be resold to qualified institutional buyers. At March 31, 2010, the market value of these securities amounted to $518,650 or 0.1% of net assets. Securities denoted with “§” but without “b” have been determined to be liquid under the guidelines established by the Board of Trustees. To the extent any securities might provide a right to demand registration, such rights have not been relied upon when determining liquidity.

 

(b) Illiquid Security.

 

(h) Security in default.

 

(l) Floating Rate Security. Rate disclosed is as of March 31, 2010.

 

(o) Discount Note Security. Effective rate calculated as of March 31, 2010.

 

(p) Yield to maturity.

 

(t) Position represents an unfunded loan commitment. The coupon rate will be determined at the time of settlement.

Glossary:

ADR — American Depositary Receipt

At March 31, 2010, the Portfolio had the following futures contracts open: (Note 1)

 

Purchase

    Number of
Contracts		    Expiration
Date		    Original
Value		    Value at
3/31/2010		    Unrealized
Appreciation/
(Depreciation)

S&P 500 Index

    36    June-10    $ 10,393,339    $ 10,486,800    $ 93,461
                  

 

See Notes to Portfolio of Investments.

409

EQ ADVISORS TRUST

EQ/MUTUAL LARGE CAP EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

At March 31, 2010, the Portfolio had outstanding foreign currency contracts to buy/sell foreign currencies as follows: (Note 1)

 

     Local
Contract Buy
Amount
(000’s)		    U.S. $
Current Buy
Value		    U.S. $
Current Sell
Value		    Unrealized
Appreciation/
(Depreciation)		  

Foreign Currency Buy Contracts

            

British Pound vs. U.S. Dollar, expiring 5/12/10

    700    $ 1,062,061    $ 1,128,183    $ (66,122 ) 

British Pound vs. U.S. Dollar, expiring 5/12/10

    1,441      2,186,328      2,272,889      (86,561 ) 

British Pound vs. U.S. Dollar, expiring 5/12/10

    551      835,386      829,842      5,544   

British Pound vs. U.S. Dollar, expiring 5/12/10

    742      1,126,192      1,201,451      (75,259 ) 

British Pound vs. U.S. Dollar, expiring 5/12/10

    78      117,586      124,969      (7,383 ) 

British Pound vs. U.S. Dollar, expiring 5/12/10

    105      159,310      169,882      (10,572 ) 

Japanese Yen vs. U.S. Dollar, expiring 4/20/10

    12,600      134,785      140,641      (5,856 ) 

Japanese Yen vs. U.S. Dollar, expiring 4/20/10

    6,600      70,602      72,659      (2,057 ) 

Japanese Yen vs. U.S. Dollar, expiring 4/20/10

    30,663      328,005      335,727      (7,722 ) 

Korean Won vs. U.S. Dollar, expiring 4/19/10

    217,000      191,682      191,189      493   

Norwegian Krone vs. U.S. Dollar, expiring 8/16/10

    1,600      267,436      264,866      2,570   

Swiss Franc vs. U.S. Dollar, expiring 5/10/10

    165      156,429      162,527      (6,098 ) 
                 
            $ (259,023 ) 
                 
     Local
Current Sell
Amount
(000’s)		    U.S. $
Current Buy
Value		    U.S. $
Current Sell
Value		    Unrealized
Appreciation/
(Depreciation)		  

Foreign Currency Sell Contracts

            

Australian Dollar vs. U.S. Dollar, expiring 5/19/10

    417    $ 382,464    $ 380,789    $ 1,675   

British Pound vs. U.S. Dollar, expiring 5/12/10

    1,106      1,710,469      1,677,640      32,829   

British Pound vs. U.S. Dollar, expiring 5/12/10

    700      1,057,252      1,062,061      (4,809 ) 

British Pound vs. U.S. Dollar, expiring 5/12/10

    81      132,294      122,991      9,303   

British Pound vs. U.S. Dollar, expiring 5/12/10

    18,705      30,173,330      28,380,064      1,793,266   

British Pound vs. U.S. Dollar, expiring 5/12/10

    185      301,664      281,441      20,223   

Danish Krone vs. U.S. Dollar, expiring 4/23/10

    1,100      200,030      199,544      486   

Danish Krone vs. U.S. Dollar, expiring 4/23/10

    681      123,227      123,572      (345 ) 

Danish Krone vs. U.S. Dollar, expiring 4/23/10

    350      69,233      63,491      5,742   

Danish Krone vs. U.S. Dollar, expiring 4/23/10

    7,405      1,486,525      1,343,273      143,252   

Danish Krone vs. U.S. Dollar, expiring 4/23/10

    513      103,064      93,060      10,004   

European Union Euro vs. U.S. Dollar, expiring 7/16/10

    177      238,915      238,457      458   

European Union Euro vs. U.S. Dollar, expiring 7/16/10

    627      844,111      846,572      (2,461 ) 

European Union Euro vs. U.S. Dollar, expiring 7/16/10

    605      818,240      817,095      1,145   

European Union Euro vs. U.S. Dollar, expiring 7/16/10

    27,060      37,017,864      37,017,864      —     

European Union Euro vs. U.S. Dollar, expiring 7/16/10

    27,060      36,990,804      36,548,015      442,789   

Japanese Yen vs. U.S. Dollar, expiring 4/20/10

    5,500      59,527      58,835      692   

Japanese Yen vs. U.S. Dollar, expiring 4/20/10

    12,000      132,175      128,367      3,808   

Japanese Yen vs. U.S. Dollar, expiring 4/20/10

    18,600      200,972      198,968      2,004   

Japanese Yen vs. U.S. Dollar, expiring 4/20/10

    151,199      1,661,532      1,617,413      44,119   

Japanese Yen vs. U.S. Dollar, expiring 4/20/10

    5,400      59,803      57,765      2,038   

Japanese Yen vs. U.S. Dollar, expiring 4/20/10

    22,000      249,038      235,339      13,699   

Korean Won vs. U.S. Dollar, expiring 4/19/10

    146,605      125,000      129,500      (4,500 ) 

Korean Won vs. U.S. Dollar, expiring 4/19/10

    99,892      88,401      88,238      163   

Korean Won vs. U.S. Dollar, expiring 4/19/10

    183,440      160,000      162,038      (2,038 ) 

Korean Won vs. U.S. Dollar, expiring 4/19/10

    212,386      182,000      187,607      (5,607 ) 

Korean Won vs. U.S. Dollar, expiring 4/19/10

    58,877      52,000      52,008      (8 ) 

Korean Won vs. U.S. Dollar, expiring 4/19/10

    140,750      125,000      124,329      671   

Korean Won vs. U.S. Dollar, expiring 4/19/10

    140,719      125,000      124,301      699   

Korean Won vs. U.S. Dollar, expiring 4/19/10

    29,393      26,000      25,964      36   

Korean Won vs. U.S. Dollar, expiring 4/19/10

    146,830      130,000      129,699      301   

Norwegian Krone vs. U.S. Dollar, expiring 8/16/10

    610      103,647      101,960      1,687   

Norwegian Krone vs. U.S. Dollar, expiring 8/16/10

    1,400      234,301      234,006      295   

Norwegian Krone vs. U.S. Dollar, expiring 8/16/10

    29,044      4,862,981      4,854,572      8,409   

Swiss Franc vs. U.S. Dollar, expiring 5/10/10

    165      158,589      156,429      2,160   

Swiss Franc vs. U.S. Dollar, expiring 5/10/10

    100      96,537      94,863      1,674   

Swiss Franc vs. U.S. Dollar, expiring 5/10/10

    235      224,431      222,928      1,503   

Swiss Franc vs. U.S. Dollar, expiring 5/10/10

    400      372,094      379,453      (7,359 ) 

Swiss Franc vs. U.S. Dollar, expiring 5/10/10

    300      277,136      284,589      (7,453 ) 

Swiss Franc vs. U.S. Dollar, expiring 5/10/10

    153      150,790      144,868      5,922   

 

See Notes to Portfolio of Investments.

410

EQ ADVISORS TRUST

EQ/MUTUAL LARGE CAP EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Local
Contract  Sell
Amount
(000’s)		    U.S. $
Current Buy
Value		    U.S. $
Current Sell
Value		    Unrealized
Appreciation/
(Depreciation)		  

Foreign Currency Sell Contracts

            

Swiss Franc vs. U.S. Dollar, expiring 5/10/10

    3,392    $ 3,193,978    $ 3,217,460    $ (23,482 ) 

Swiss Franc vs. U.S. Dollar, expiring 5/10/10

    3,400      3,201,506      3,225,347      (23,841 ) 

Swiss Franc vs. U.S. Dollar, expiring 5/10/10

    1,056      997,104      1,002,221      (5,117 ) 

Swiss Franc vs. U.S. Dollar, expiring 5/10/10

    280      281,328      265,617      15,711   

Swiss Franc vs. U.S. Dollar, expiring 5/10/10

    260      254,552      246,644      7,908   
                 
            $ 2,487,651   
                 
            $ 2,228,628   
                 

The following is a summary of the inputs used to value the Portfolio’s assets and liabilities carried at fair value as of March 31, 2010:

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, money market securities are valued using amortized cost, in accordance with rules under the Investment Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active market, such securities are reflected as Level 2.

Various inputs are used in determining the value of the Portfolio’s investments. These inputs are summarized in the three broad levels listed below:

 

Investment Type

    Level 1
Quoted prices in
active markets
for identical
securities		    Level 2
Significant other
observable inputs
(including quoted
prices for similar
securities,
interest rates,
prepayment
speeds, credit
risk, etc.)		     Level 3
Significant unobservable
inputs (including the
Portfolio’s own
assumptions in
determining the fair
value of investments)		    Total  

Assets:

           

Common Stocks

           

Consumer Discretionary

    $ 57,004,597    $ 2,958,328      $ 28,755    $ 59,991,680   

Consumer Staples

      94,320,108      36,538,815        —        130,858,923   

Energy

      54,784,566      6,697,122        —        61,481,688   

Financials

      100,018,929      14,349,167        2,826,274      117,194,370   

Health Care

      58,715,050      3,342,410        —        62,057,460   

Industrials

      44,021,430      17,933,689        —        61,955,119   

Information Technology

      97,665,913      3,094,722        —        100,760,635   

Materials

      25,650,957      3,740,092        —        29,391,049   

Telecommunication Services

      10,137,916      13,767,664        —        23,905,580   

Utilities

      20,870,654      7,826,156        —        28,696,810   

Corporate Bonds

           

Consumer Discretionary

      —        775,253        40,454      815,707   

Financials

      —        10,101,154        589,520      10,690,674   

Industrials

      —        —          —        —     

Information Technology

      —        6,057,473        —        6,057,473   

Materials

      —        92,148        —        92,148   

Utilities

      —        4,246,906        —        4,246,906   

Forward Currency Contracts

      —        2,583,278        —        2,583,278   

Futures

      93,461      —          —        93,461   

Short-Term Investments

      —        61,131,861        —        61,131,861   
                              

Total Assets

    $ 563,283,581    $ 195,236,238      $ 3,485,003    $ 762,004,822   
                              

Liabilities:

           

Forward Currency Contracts

    $ —      $ (354,650 )    $ —      $ (354,650 ) 
                              

Total Liabilities

    $ —      $ (354,650 )    $ —      $ (354,650 ) 
                              

Total

    $ 563,283,581    $ 194,881,588      $ 3,485,003    $ 761,650,172   
                              

 

See Notes to Portfolio of Investments.

411

EQ ADVISORS TRUST

EQ/MUTUAL LARGE CAP EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:

 

     Investments in
Common Stock-
Consumer Discretionary		    Investments in
Common Stock-
Financials		     Investments in
Corporate Bonds-
Consumer Discretionary

Balance as of 12/31/09

    $ 27,802    $ 1,177,677      $ 39,612

Total gains or losses (realized/unrealized) included in earnings

      953      (51,339 )      842

Purchases, sales, issuances, and settlements (net)

      —        1,699,936        —  

Transfers into Level 3

      —        —          —  

Transfers out of Level 3

      —        —          —  
                     

Balance as of 3/31/10

    $ 28,755    $ 2,826,274      $ 40,454
                     

The amount of total gains or losses for the year included in earnings attributable to the change in unrealized gains or losses relating to assets and liabilities still held at period ending 3/31/10.

    $ 953    $ (51,339 )    $ 842

 

     Investments in
Corporate Bonds-
Financials		    Investments in
Corporate Bonds-
Industrials		  

Balance as of 12/31/09

    $ 589,520    $ 951   

Total gains or losses (realized/unrealized) included in earnings

      —        (951 ) 

Purchases, sales, issuances, and settlements (net)

      —        —     

Transfers into Level 3

      —        —     

Transfers out of Level 3

      —        —     
               

Balance as of 3/31/10

    $ 589,520    $ —     
               

The amount of total gains or losses for the year included in earnings attributable to the change in unrealized gains or losses relating to assets and liabilities still held at period ending 3/31/10.

    $ —      $ (951 ) 

Investment security transactions for the three months ended March 31, 2010 were as follows:

 

Cost of Purchases:

   

Stocks and long-term corporate debt securities

    $ 35,788,820

Net Proceeds of Sales and Redemptions:

   

Stocks and long-term corporate debt securities

    $ 57,282,794

As of March 31, 2010, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investments for Federal income tax purposes was as follows:

 

Aggregate gross unrealized appreciation

    $ 112,218,404   

Aggregate gross unrealized depreciation

      (37,813,725 ) 
        

Net unrealized appreciation

    $ 74,404,679   
        

Federal income tax cost of investments

    $ 684,923,404   
        

The Portfolio has a net capital loss carryforward of $252,308,619 of which $59,261,455 expires in the year 2016, and $193,047,164 expires in the year 2017.

 

See Notes to Portfolio of Investments.

412

EQ ADVISORS TRUST

EQ/OPPENHEIMER GLOBAL PORTFOLIO

PORTFOLIO OF INVESTMENTS

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

COMMON STOCKS:

      

Bermuda (1.0%)

      

XL Capital Ltd., Class A

    118,160    $ 2,233,224
         

Brazil (1.4%)

      

Cia de Bebidas das Americas (Preference) (ADR)

    15,770      1,445,478

Empresa Brasileira de Aeronautica S.A. (ADR)

    70,490      1,688,941
         
        3,134,419
         

Canada (0.7%)

      

Husky Energy, Inc.

    53,760      1,541,898
         

Finland (0.7%)

      

Fortum Oyj

    60,810      1,487,429
         

France (5.8%)

      

LVMH Moet Hennessy Louis Vuitton S.A.

    35,520      4,151,764

Sanofi-Aventis S.A.

    18,030      1,343,999

Societe Generale S.A.

    24,901      1,566,099

Technip S.A.

    33,000      2,683,201

Total S.A.

    48,860      2,836,369
         
        12,581,432
         

Germany (7.2%)

      

Allianz SE (Registered)

    23,843      2,989,455

Bayer AG

    8,277      559,861

Bayerische Motoren Werke (BMW) AG

    17,589      812,000

Bayerische Motoren Werke (BMW) AG (Preference)

    36,230      1,282,317

Linde AG

    6,587      785,937

SAP AG

    74,940      3,629,667

Siemens AG (Registered)

    55,163      5,524,613
         
        15,583,850
         

India (2.3%)

      

Infosys Technologies Ltd.

    68,113      3,968,820

Wire and Wireless India Ltd.*

    144,425      19,302

Zee Entertainment Enterprises Ltd.

    166,000      991,859
         
        4,979,981
         

Italy (1.8%)

      

Bulgari S.p.A.

    135,910      1,106,908

Lottomatica S.p.A.

    17,700      337,560

Prysmian S.p.A.

    38,400      754,635

Tod’s S.p.A.

    22,300      1,640,609
         
        3,839,712
         

Japan (10.6%)

      

Dai-ichi Life Insurance Co., Ltd.*

    855      1,280,351

Fanuc Ltd.

    10,100      1,071,687

HOYA Corp.

    80,743      2,218,727

KDDI Corp.

    393      2,034,571

Keyence Corp.

    7,270      1,737,210

Kyocera Corp.

    12,720      1,239,482

Mitsubishi Tanabe Pharma Corp.

    29,000      409,456

Murata Manufacturing Co., Ltd.

    45,220      2,568,384

Nidec Corp.

    13,660      1,464,041

Nintendo Co., Ltd.

    4,940      1,653,888

Omron Corp.

    400      9,285

Santen Pharmaceutical Co., Ltd.

    100      3,001

Secom Co., Ltd.

    31,586      1,381,824

Sony Corp.

    106,750      4,087,763

Sumitomo Mitsui Financial Group, Inc.

    53,617    $ 1,772,131
         
        22,931,801
         

Mexico (3.3%)

      

Fomento Economico Mexicano S.A.B. de C.V.

    615,620      2,928,287

Grupo Modelo S.A.B. de C.V., Series C*

    303,510      1,792,031

Grupo Televisa S.A. (ADR)

    121,130      2,546,153
         
        7,266,471
         

Netherlands (3.0%)

      

European Aeronautic Defence and Space Co. N.V.

    104,340      2,099,105

Koninklijke Philips Electronics N.V.

    90,540      2,903,114

TNT N.V.

    55,827      1,600,800
         
        6,603,019
         

Norway (0.6%)

      

Tandberg ASA

    44,880      1,279,977
         

South Korea (0.1%)

      

Shinsegae Co., Ltd.

    442      208,997
         

Spain (1.3%)

      

Inditex S.A.

    41,560      2,739,572
         

Sweden (6.6%)

      

Assa Abloy AB, Class B

    163,700      3,203,447

Investor AB, Class B

    117,877      2,261,026

Telefonaktiebolaget LM Ericsson, Class B

    846,038      8,916,640
         
        14,381,113
         

Switzerland (7.0%)

      

Basilea Pharmaceutica AG (Registered)*

    2,029      157,313

Credit Suisse Group AG (Registered)

    103,258      5,322,527

Nestle S.A. (Registered)

    42,779      2,190,882

Roche Holding AG

    17,119      2,776,317

Transocean Ltd.*

    27,963      2,415,444

UBS AG (Registered)*

    148,453      2,413,206
         
        15,275,689
         

Taiwan (1.7%)

      

MediaTek, Inc.

    109,745      1,904,071

Taiwan Semiconductor Manufacturing Co., Ltd.

    872,709      1,690,019
         
        3,594,090
         

United Kingdom (6.6%)

      

3i Group plc

    200,782      887,248

Diageo plc

    52,376      879,055

HSBC Holdings plc

    297,800      3,033,903

Prudential plc

    221,110      1,837,051

Reckitt Benckiser Group plc

    21,020      1,153,745

Tesco plc

    306,275      2,023,851

Unilever plc

    87,147      2,558,952

Vodafone Group plc

    849,570      1,959,618
         
        14,333,423
         

United States (36.6%)

      

3M Co.

    37,710      3,151,425

Adobe Systems, Inc.*

    75,930      2,685,644

Aetna, Inc.

    79,000      2,773,690

Aflac, Inc.

    54,000      2,931,660

Altera Corp.

    126,680      3,079,591

Amylin Pharmaceuticals, Inc.*

    56,900      1,279,681

Automatic Data Processing, Inc.

    67,210      2,988,829

Boeing Co.

    15,640      1,135,620

Carnival Corp.

    95,320      3,706,042

 

See Notes to Portfolio of Investments.

413

EQ ADVISORS TRUST

EQ/OPPENHEIMER GLOBAL PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)		  

Colgate-Palmolive Co.

      34,000    $ 2,898,840   

Corning, Inc.

      131,780      2,663,274   

Dendreon Corp.*

      14,400      525,168   

eBay, Inc.*

      183,160      4,936,162   

Emerson Electric Co.

      37,480      1,886,743   

Fidelity National Financial, Inc., Class A

      73,700      1,092,234   

InterMune, Inc.*

      24,600      1,096,422   

Intuit, Inc.*

      111,140      3,816,547   

Juniper Networks, Inc.*

      152,460      4,677,473   

Lockheed Martin Corp.

      14,350      1,194,207   

Maxim Integrated Products, Inc.

      104,540      2,027,030   

McDonald’s Corp.

      49,800      3,322,656   

Microsoft Corp.

      141,480      4,141,120   

Raytheon Co.

      34,280      1,958,074   

Regeneron Pharmaceuticals, Inc.*

      15,500      410,595   

Seattle Genetics, Inc.*

      58,500      698,490   

Shuffle Master, Inc.*

      47,700      390,663   

Sirius XM Radio, Inc.*

      749,920      652,805   

SLM Corp.*

      223,700      2,800,724   

Theravance, Inc.*

      44,210      588,877   

Tiffany & Co.

      67,220      3,192,278   

Wal-Mart Stores, Inc.

      54,430      3,026,308   

Walt Disney Co.

      104,900      3,662,059   

WellPoint, Inc.*

      46,500      2,993,670   

Zimmer Holdings, Inc.*

      17,500      1,036,000   
           
        79,420,601   
           

Total Common Stocks (98.3%)
(Cost $203,792,312)

         213,416,698   
           
     Principal
Amount		    Value
(Note 1)		  

LONG-TERM DEBT SECURITIES:

      

United States (0.0%)

      

Theravance, Inc.

      

3.000%, 1/15/15

      

(Cost $105,000)

    $ 105,000    $ 90,300   
           

SHORT-TERM INVESTMENT:

      

Time Deposit (3.1%)

      

JPMorgan Chase Nassau

      

0.000%, 4/1/10

      

(Amortized Cost $6,730,116)

    $ 6,730,116    $ 6,730,116   
           

Total Investments (101.4%)
(Cost/Amortized Cost $210,627,428)

         220,237,114   

Other Assets Less Liabilities (-1.4%)

         (3,040,972 ) 
           

Net Assets (100%)

       $ 217,196,142   
           

 

* Non-income producing.

Glossary:

ADR — American Depositary Receipt

Market Sector Diversification

As a Percentage of Total Net Assets

 

Consumer Discretionary

      16.2 % 

Consumer Staples

      9.5   

Energy

      4.4   

Financials

      14.8   

Health Care

      7 .7   

Industrials

      13.5   

Information Technology

     

Communications Equipment

    6.9 %   

Electronic Equipment, Instruments & Components

    5.5     

Internet Software & Services

    2.3     

IT Services

    3.2     

Semiconductors & Semiconductor Equipment

    4.0     

Software

    7.4     

Total Information Technology

      29.3   

Materials

      0 .4   

Telecommunication Services

      1 .8   

Utilities

      0 .7   

Cash and Other

      1 .7   
        
     100.0 % 
        

 

See Notes to Portfolio of Investments.

414

EQ ADVISORS TRUST

EQ/OPPENHEIMER GLOBAL PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

The following is a summary of the inputs used to value the Portfolio’s assets and liabilities carried at fair value as of March 31, 2010:

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, money market securities are valued using amortized cost, in accordance with rules under the Investment Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active market, such securities are reflected as Level 2.

Various inputs are used in determining the value of the Portfolio’s investments. These inputs are summarized in the three broad levels listed below:

 

Investment Type

    Level 1
Quoted prices in active
markets for identical
securities		    Level 2
Significant other
observable inputs
(including quoted prices
for similar securities,
interest rates,
prepayment speeds,
credit risk, etc.)		    Level 3
Significant unobservable
inputs (including the
Portfolio’s own
assumptions in
determining the fair
value of investments)		    Total

Assets:

            

Common Stocks

            

Consumer Discretionary

    $ 17,472,655    $ 17,169,654    $ —      $ 34,642,309

Consumer Staples

      12,090,944      9,015,482      —        21,106,426

Energy

      3,957,342      5,519,570      —        9,476,912

Financials

      9,057,842      23,362,997      —        32,420,839

Health Care

      11,402,593      5,249,947      —        16,652,540

Industrials

      11,015,010      18,539,225      —        29,554,235

Information Technology

      31,015,671      32,280,211      —        63,295,882

Materials

      —        785,937      —        785,937

Telecommunication Services

      —        3,994,189      —        3,994,189

Utilities

      —        1,487,429      —        1,487,429

Convertible Bonds

            

Health Care

      —        90,300      —        90,300

Short-Term Investments

      —        6,730,116      —        6,730,116
                           

Total Assets

    $ 96,012,057    $ 124,225,057    $ —      $ 220,237,114
                           

Total Liabilities

    $ —      $ —      $ —      $ —  
                           

Total

    $ 96,012,057    $ 124,225,057    $ —      $ 220,237,114
                           

Investment security transactions for the three months ended March 31, 2010 were as follows:

 

Cost of Purchases:

   

Stocks and long-term corporate debt securities

    $ 24,430,560

Net Proceeds of Sales and Redemptions:

   

Stocks and long-term corporate debt securities

    $ 9,994,876

As of March 31, 2010, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investments for Federal income tax purposes was as follows:

 

Aggregate gross unrealized appreciation

    $ 17,765,957   

Aggregate gross unrealized depreciation

      (13,831,823 ) 
        

Net unrealized appreciation

    $ 3,934,134   
        

Federal income tax cost of investments

    $ 216,302,980   
        

The Portfolio has a net capital loss carryforward of $15,461,972 of which $4,456,246 expires in the year 2016, and $11,005,726 expires in 2017.

 

See Notes to Portfolio of Investments.

415

EQ ADVISORS TRUST

EQ/PIMCO ULTRA SHORT BOND PORTFOLIO

PORTFOLIO OF INVESTMENTS

March 31, 2010 (Unaudited)

 

     Principal
Amount		    Value
(Note 1)

LONG-TERM DEBT SECURITIES:

      

Asset-Backed and Mortgage-Backed Securities (9.5%)

   

Asset-Backed Securities (7.0%)

      

Access Group, Inc.,
Series 2008-1 A

      

1.549%, 10/27/25(l)

    $ 19,936,042    $ 20,707,888

AmeriCredit Automobile Receivables Trust,
Series 2008-1 A2

   

4.249%, 6/6/12(l)

      8,333,980      8,447,624

Bank One Issuance Trust,
Series 2004-A5 A5

      

0.360%, 3/15/14(l)

      2,000,000      1,997,058

Capital Auto Receivables Asset Trust,
Series 2008-2 A3B

      

1.680%, 10/15/12(l)

      5,900,000      5,953,052

CarMax Auto Owner Trust,
Series 2010-1 A1

      

0.274%, 2/15/11

      4,269,095      4,268,844

Chase Issuance Trust,
Series 2006-A4 A4

      

0.250%, 10/15/13(l)

      2,175,000      2,167,940

Series 2007-A1 A1

      

0.250%, 3/15/13(l)

      13,400,000      13,381,598

Series 2007-A11 A11

      

0.230%, 7/16/12(l)

      6,740,000      6,736,599

Series 2009-A2 A2

      

1.780%, 4/15/14(l)

      21,800,000      22,334,834

Series 2009-A7 A7

      

0.680%, 9/17/12(l)

      27,900,000      27,934,069

Citigroup Mortgage Loan Trust, Inc.,
Series 2007-AMC2 A3A

      

0.326%, 1/25/37(l)

      323,171      212,795

Daimler Chrysler Auto Trust,
Series 2008-B A3B

      

1.708%, 9/10/12(l)

      600,000      604,475

Ford Credit Auto Owner Trust,
Series 2008-C A3

      

1.650%, 6/15/12(l)

      21,457,621      21,585,036

Series 2009-A A3B

      

2.730%, 5/15/13(l)

      22,800,000      23,297,809

GSAA Home Equity Trust,
Series 2007-6 A4

      

0.546%, 5/25/47(l)

      700,000      286,114

RAAC Series,
Series 2007-SP2 A2

      

0.646%, 6/25/47(l)

      600,000      271,600

SLM Student Loan Trust,
Series 2005-10 A3

      

0.299%, 10/25/16(l)

      3,021,868      3,019,401

Series 2006-3 A3

      

0.289%, 4/25/17(l)

      342,736      342,403

Series 2006-8 A2

      

0.249%, 10/25/16(l)

      510,366      509,776

Series 2006-9 A2

      

0.249%, 4/25/17(l)

      530,985      530,385

Series 2007-2 A1

      

0.229%, 4/25/14(l)

      178,922      178,892

Series 2007-3 A3

      

0.289%, 4/25/19(l)

      8,700,000      8,363,663

Series 2008-2 A2

      

0.699%, 1/25/17(l)

      7,700,000      7,715,547

Series 2008-9 A

      

1.749%, 4/25/23(l)

      21,396,370      22,148,403
         
        202,995,805
         

Non-Agency CMO (2.5%)

      

American Home Mortgage Assets,
Series 2006-1 2A1

      

0.436%, 5/25/46(l)

    $ 10,034,856    $ 5,274,371

Banc of America Commercial Mortgage, Inc.,
Series 2007-3 A4

   

5.658%, 6/10/49(l)

      1,400,000      1,247,994

Series 2007-4 A4

      

5.744%, 2/10/51(l)

      1,400,000      1,331,959

Banc of America Mortgage Securities, Inc.,
Series 2004-1 5A1

   

6.500%, 9/25/33

      29,427      30,397

BCAP LLC Trust,
Series 2006-AA2 A1

      

0.416%, 1/25/37(l)

      1,409,128      681,513

Bear Stearns Adjustable Rate Mortgage Trust,
Series 2002-11 1A2

   

3.399%, 2/25/33(l)

      19,274      16,987

Series 2003-3 3A2

      

3.696%, 5/25/33(l)

      154,577      149,931

Series 2003-8 2A1

      

3.552%, 1/25/34(l)

      10,391      9,773

Series 2003-8 4A1

      

3.705%, 1/25/34(l)

      31,001      27,472

Series 2004-10 21A1

      

3.556%, 1/25/35(l)

      4,199,945      3,694,660

Series 2005-2 A1

      

2.810%, 3/25/35(l)

      201,626      188,444

Series 2005-2 A2

      

2.934%, 3/25/35(l)

      63,224      56,901

Series 2005-5 A1

      

2.530%, 8/25/35(l)

      63,003      57,755

Series 2005-5 A2

      

2.560%, 8/25/35(l)

      1,120,505      1,028,187

Series 2007-3 1A1

      

5.394%, 5/25/47(l)

      11,388,919      8,335,434

Bear Stearns Alt-A Trust,
Series 2005-7 22A1

      

5.158%, 9/25/35(l)

      3,035,272      2,118,834

Bear Stearns Commercial Mortgage Securities, Inc.,
Series 1998-C1 A2

   

6.440%, 6/16/30

      1,373      1,379

Chevy Chase Mortgage Funding Corp.,
Series 2007-2A A1

      

0.376%, 5/25/48(l)§

      1,988,953      890,482

Citigroup Mortgage Loan Trust, Inc.,
Series 2005-11 A1A

      

2.990%, 12/25/35(l)

      82,934      74,834

Series 2005-11 A2A

      

4.700%, 12/25/35(l)

      1,164,433      1,061,472

Series 2005-12 2A1

      

1.046%, 8/25/35(l)§

      913,171      698,532

Series 2005-6 A1

      

2.510%, 8/25/35(l)

      87,304      77,039

Series 2005-6 A2

      

4.248%, 8/25/35(l)

      406,820      355,652

Series 2005-6 A3

      

4.098%, 8/25/35(l)

      61,843      54,984

Citigroup/Deutsche Bank Commercial Mortgage Trust,
Series 2006-CD3 A5

      

5.617%, 10/15/48

      4,000,000      3,977,340

 

See Notes to Portfolio of Investments.

416

EQ ADVISORS TRUST

EQ/PIMCO ULTRA SHORT BOND PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Principal
Amount		    Value
(Note 1)

Commercial Mortgage Pass Through Certificates,
Series 2005-LP5 A2

   

4.630%, 5/10/43

    $ 1,416,803    $ 1,445,983

Countrywide Alternative Loan Trust,
Series 2003-J1 4A1

      

6.000%, 10/25/32

      2,412      2,162

Series 2005-61 2A1

      

0.526%, 12/25/35(l)

      36,483      24,234

Series 2005-62 2A1

      

1.463%, 12/25/35(l)

      362,015      200,081

Series 2006-OA12 A1A

      

0.320%, 9/20/46(l)

      19,040      18,709

Series 2006-OA22 A1

      

0.406%, 2/25/47(l)

      941,431      511,924

Series 2007-OA7 A1A

      

0.426%, 5/25/47(l)

      215,128      108,731

Countrywide Home Loan Mortgage Pass Through Trust,
Series 2002-30 M

      

3.323%, 10/19/32(l)

      8,013      4,116

Series 2003-HYB3 7A1

      

3.754%, 11/19/33(l)

      64,200      59,186

Series 2004-12 11A1

      

3.969%, 8/25/34(l)

      770,784      564,137

Series 2005-25 A11

      

5.500%, 11/25/35

      1,173,378      958,296

Series 2005-3 1A2

      

0.536%, 4/25/35(l)

      397,918      221,975

Series 2005-R2 1AF1

      

0.586%, 6/25/35(l)§

      165,780      136,410

CS First Boston Mortgage Securities Corp.,
Series 2002-P1A A

   

0.837%, 3/25/32(l)§

      1,769      1,466

Series 2005-C6 A1

      

4.938%, 12/15/40

      2,991      2,988

Deutsche Alt-A Securities, Inc.,
Series 2003-3 3A1

      

5.000%, 10/25/18

      860,166      822,376

Series 2005-AR2 7A1

      

5.505%, 10/25/35(l)

      443,062      335,620

Series 2006-AB4 A1B1

      

0.346%, 10/25/36(l)

      5,613      2,262

Series 2007-1 1A1

      

0.336%, 8/25/37(l)

      563,327      552,727

First Horizon Alternative Mortgage Securities Trust,
Series 2004-AA1 A1

   

2.544%, 6/25/34(l)

      251,262      198,878

First Horizon Mortgage Pass-Through Trust,
Series 2005-AR3 2A1

   

5.338%, 8/25/35(l)

      476,837      419,116

GMAC Commercial Mortgage Securities, Inc.,
Series 2006-C1 A4

   

5.238%, 11/10/45(l)

      5,900,000      6,036,622

Greenpoint Mortgage Funding Trust,
Series 2005-AR5 1A1

      

0.516%, 11/25/45(l)

      57,981      33,686

Series 2006-AR6 A1A

      

0.326%, 10/25/46(l)

      52,965      47,358

GS Mortgage Securities Corp. II,
Series 2007-EOP A1

      

0.339%, 3/6/20(l)§

      730,905      705,225

GSR Mortgage Loan Trust,
Series 2005-AR6 2A1

      

2.953%, 9/25/35(l)

      292,905      271,122

Harborview Mortgage Loan Trust,
Series 2005-2 2A1A

      

0.457%, 5/19/35(l)

    $ 45,831    $ 26,789

Series 2006-1 2A1A

      

0.477%, 3/19/36(l)

      339,517      169,708

Series 2006-12 2A11

      

0.327%, 1/19/38(l)

      30,049      29,050

Indymac Index Mortgage Loan Trust,
Series 2004-AR11 2A

      

2.948%, 12/25/34(l)

      308,038      236,145

Series 2006-AR14 1A1A

      

0.336%, 11/25/46(l)

      21,855      21,378

JP Morgan Chase Commercial Mortgage Securities Corp.,
Series 2007-CB20 A4

   

5.794%, 2/12/51(l)

      1,900,000      1,901,197

MASTR Adjustable Rate Mortgages Trust,
Series 2004-13 3A7

   

3.096%, 11/21/34(l)

      200,000      182,387

Mellon Residential Funding Corp.,
Series 2000-TBC3 A1

      

0.670%, 12/15/30(l)

      46,259      39,875

Series 2001-TBC1 A1

      

0.580%, 11/15/31(l)

      167,949      153,474

Merrill Lynch Floating Trust,
Series 2006-1 A1

      

0.300%, 6/15/22(l)§

      55,357      50,578

MLCC Mortgage Investors, Inc.,
Series 2005-2 1A

      

4.250%, 10/25/35(l)

      2,453,918      2,189,496

Series 2005-2 2A

      

4.250%, 10/25/35(l)

      2,284,324      1,979,399

Series 2005-2 3A

      

1.246%, 10/25/35(l)

      362,001      298,672

Series 2005-3 4A

      

0.496%, 11/25/35(l)

      263,795      189,856

Series 2005-3 5A

      

0.496%, 11/25/35(l)

      311,844      228,444

Residential Accredit Loans, Inc.,
Series 2005-QO1 A1

      

0.546%, 8/25/35(l)

      72,908      41,951

Securitized Asset Sales, Inc.,
Series 1993-6 A5

      

3.315%, 11/26/23(l)

      3,893      3,588

Sequoia Mortgage Trust,
Series 10 2A1

      

0.620%, 10/20/27(l)

      20,425      17,494

Structured Adjustable Rate Mortgage Loan Trust,
Series 2004-1 4A2

   

2.781%, 2/25/34(l)

      191,747      168,335

Series 2004-19 2A1

      

1.871%, 1/25/35(l)

      59,250      28,881

Series 2005-17 3A1

      

5.095%, 8/25/35(l)

      271,309      219,035

Structured Asset Mortgage Investments, Inc.,
Series 2004-AR5 1A1

   

0.567%, 10/19/34(l)

      114,440      96,639

Series 2005-AR5 A1

      

0.487%, 7/19/35(l)

      226,416      146,802

Series 2005-AR5 A2

      

0.487%, 7/19/35(l)

      481,254      374,583

Series 2006-AR4 2A1

      

0.436%, 6/25/36(l)

      77,490      42,962

Series 2006-AR5 1A1

      

0.456%, 5/25/46(l)

      2,503,964      1,360,839

 

See Notes to Portfolio of Investments.

417

EQ ADVISORS TRUST

EQ/PIMCO ULTRA SHORT BOND PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Principal
Amount		    Value
(Note 1)

Series 2006-AR7 A8

      

0.316%, 8/25/36(l)

    $ 29,896    $ 29,194

Series 2007-AR3 1A1

      

0.346%, 9/25/47(l)

      460,764      427,163

Structured Asset Securities Corp.,
Series 2006-11 A1

      

3.183%, 10/25/35(l)§

      108,964      91,818

TBW Mortgage Backed Pass Through Certificates,
Series 2006-6 A1

      

0.356%, 1/25/37(l)

      27,034      24,709

Thornburg Mortgage Securities Trust,
Series 2006-5 A1

      

0.366%, 10/25/46(l)

      604,383      586,653

Series 2007-1 A3A

      

0.329%, 3/25/37(l)

      3,463,587      3,303,269

Wachovia Bank Commercial Mortgage Trust,
Series 2006-WL7A A1

      

0.320%, 9/15/21(l)§

      2,483,340      2,135,673

Series 2007-WHL8 A1

      

0.310%, 6/15/20(l)§

      1,873,134      1,652,854

WaMu Mortgage Pass-Through Certificates,
Series 2002-AR17 1A

      

1.663%, 11/25/42(l)

      14,369      9,613

Series 2002-AR2 A

      

3.078%, 2/27/34(l)

      12,621      11,107

Series 2003-AR1 A5

      

2.385%, 3/25/33(l)

      1,436,198      1,317,122

Series 2003-R1 A1

      

0.786%, 12/25/27(l)

      360,031      316,075

Series 2004-AR1 A

      

2.784%, 3/25/34(l)

      3,530,249      3,238,297

Series 2005-AR13 A1A1

      

0.536%, 10/25/45(l)

      328,774      250,025

Series 2005-AR15 A1A1

      

0.506%, 11/25/45(l)

      76,095      57,923

Series 2006-AR15 2A

      

1.963%, 11/25/46(l)

      71,566      46,241

Series 2006-AR3 A1A

      

1.463%, 2/25/46(l)

      117,115      78,455

Series 2006-AR7 3A

      

3.328%, 7/25/46(l)

      349,568      198,540

Wells Fargo Mortgage Backed Securities Trust,
Series 2004-S A1

      

3.096%, 9/25/34(l)

      137,472      134,531

Series 2007-10 1A22

      

0.746%, 7/25/37(l)

      2,787,498      2,187,685
         
        71,422,220
         

Total Asset-Backed and Mortgage-Backed Securities

         274,418,025
         

Convertible Bonds (0.0%)

      

Government Securities (0.0%)

      

U.S. Government Agencies (0.0%)

      

Federal Home Loan Mortgage Corp.

      

2.630%, 1/1/34(l)

    $ 53,599      55,620

Federal National Mortgage Association

      

5.528%, 1/1/36(l)

      550,625      581,479
         

Total Government Securities

         637,099
         

Total Convertible Bonds

         637,099
         

Corporate Bonds (29.6%)

      

Consumer Discretionary (1.4%)

      

Automobiles (1.0%)

      

Daimler Finance N.A. LLC

      

7.750%, 1/18/11

    $ 1,000,000    $ 1,052,025

5.875%, 3/15/11

      25,315,000      26,337,397

5.750%, 9/8/11

      2,000,000      2,108,088
         
        29,497,510
         

Media (0.4%)

      

Comcast Corp.

      

5.450%, 11/15/10

      2,100,000      2,153,464

COX Communications, Inc.

      

7.750%, 11/1/10

      7,000,000      7,262,409

Time Warner Cable, Inc.

      

6.200%, 7/1/13

      1,297,000      1,431,230

Time Warner, Inc.

      

6.875%, 5/1/12

      1,500,000      1,649,933
         
        12,497,036
         

Total Consumer Discretionary

         41,994,546
         

Consumer Staples (0.4%)

      

Food & Staples Retailing (0.3%)

      

CVS Caremark Corp.

      

0.552%, 6/1/10(l)

      7,396,000      7,397,080
         

Food Products (0.1%)

      

Kraft Foods, Inc.

      

6.250%, 6/1/12

      2,900,000      3,173,684

6.000%, 2/11/13

      700,000      768,288
         
        3,941,972
         

Tobacco (0.0%)

      

Reynolds American, Inc.

      

0.957%, 6/15/11(l)

      1,200,000      1,195,043
         

Total Consumer Staples

         12,534,095
         

Energy (0.6%)

      

Oil, Gas & Consumable Fuels (0.6%)

      

Kinder Morgan Energy Partners LP

      

7.500%, 11/1/10

      500,000      516,836

Transcontinental Gas Pipe Line Corp.
Series B

      

7.000%, 8/15/11

      2,820,000      3,010,917

8.875%, 7/15/12

      2,000,000      2,283,772

Williams Cos., Inc.

      

2.251%, 10/1/10(l)^§

      7,000,000      6,997,284

Williams Cos., Inc. Trust V

      

6.375%, 10/1/10§

      5,140,000      5,235,003
         

Total Energy

         18,043,812
         

Financials (23.9%)

      

Capital Markets (2.6%)

      

Bear Stearns Cos., Inc.

      

0.370%, 5/18/10(l)

      1,220,000      1,220,161

Goldman Sachs Group, Inc.

      

0.653%, 10/7/11(l)

      4,500,000      4,503,366

0.429%, 2/6/12(l)

      2,000,000      1,989,376

Merrill Lynch & Co., Inc.

      

0.449%, 7/25/11(l)

      3,100,000      3,082,280

0.482%, 6/5/12(l)

      18,500,000      18,149,980

6.050%, 8/15/12

      3,895,000      4,159,880

Morgan Stanley

      

6.750%, 4/15/11

      8,400,000      8,867,443

0.499%, 1/9/12(l)

      19,500,000      19,279,416

5.625%, 1/9/12

      1,600,000      1,694,666

 

See Notes to Portfolio of Investments.

418

EQ ADVISORS TRUST

EQ/PIMCO ULTRA SHORT BOND PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Principal
Amount		    Value
(Note 1)

0.540%, 4/19/12(l)

    $ 4,625,000    $ 4,520,156

5.750%, 8/31/12

      4,000,000      4,291,532

0.549%, 1/9/14(l)

      2,100,000      2,007,791

5.750%, 10/18/16

      2,500,000      2,599,130
         
        76,365,177
         

Commercial Banks (3.0%)

      

American Express Bank FSB

      

0.380%, 6/12/12(l)

      3,500,000      3,450,850

5.550%, 10/17/12

      1,500,000      1,616,993

5.500%, 4/16/13

      4,500,000      4,819,387

American Express Centurion Bank

      

0.297%, 4/19/10(l)

      459,000      458,983

5.550%, 10/17/12

      1,800,000      1,940,391

Banco Bilbao Vizcaya Argentaria/Puerto Rico

      

0.252%, 5/25/12(l)

      1,700,000      1,699,140

BB&T Corp.

      

3.850%, 7/27/12

      8,000,000      8,337,184

Citibank N.A.

      

1.375%, 8/10/11

      35,000,000      35,282,730

First Tennessee Bank N.A.

      

0.390%, 2/14/11(l)

      5,950,000      5,844,126

JPMorgan Chase Bank N.A.

      

0.587%, 6/13/16(l)

      5,700,000      5,348,880

Regions Financial Corp.

      

0.455%, 6/26/12(l)

      1,635,000      1,494,550

SunTrust Bank/Georgia

      

6.375%, 4/1/11

      2,750,000      2,870,920

Union Planters Corp.

      

4.375%, 12/1/10

      1,000,000      1,005,018

7.750%, 3/1/11

      1,000,000      1,015,855

Wachovia Corp.

      

0.381%, 10/15/11(l)

      1,000,000      995,508

0.379%, 4/23/12(l)

      6,850,000      6,779,863

2.019%, 5/1/13(l)

      3,100,000      3,189,249
         
        86,149,627
         

Consumer Finance (2.7%)

      

American Express Credit Corp.

      

0.366%, 2/24/12(l)

      9,045,000      8,938,559

American General Finance Corp.

      

4.875%, 5/15/10

      2,000,000      1,999,174

American Honda Finance Corp.

      

1.021%, 6/20/11(l)§

      19,600,000      19,599,941

HSBC Finance Corp.

      

0.500%, 5/10/10(l)

      1,600,000      1,600,405

5.500%, 4/15/11

      1,925,000      1,989,870

0.460%, 8/9/11(l)

      18,650,000      18,536,048

6.375%, 10/15/11

      650,000      691,589

0.519%, 4/24/12(l)

      2,400,000      2,379,322

7.000%, 5/15/12

      328,000      357,694

5.900%, 6/19/12

      2,500,000      2,688,615

0.601%, 7/19/12(l)

      2,000,000      1,972,678

0.501%, 1/15/14(l)

      11,200,000      10,762,304

International Lease Finance Corp.

      

5.000%, 4/15/10

      1,850,000      1,850,168

0.472%, 5/24/10(l)

      2,000,000      2,000,062

5.125%, 11/1/10

      650,000      650,769

Toyota Motor Credit Corp.

      

5.450%, 5/18/11

      750,000      783,702
         
        76,800,900
         

Diversified Financial Services (13.3%)

      

American Express Travel Related Services Co., Inc.

      

0.429%, 6/1/11(l)

      100,000      98,601

5.250%, 11/21/11§

      2,000,000      2,090,210

BA Covered Bond Issuer

      

5.500%, 6/14/12§

    $ 8,800,000    $ 9,394,264

Bank of America Corp.

      

7.400%, 1/15/11

      4,000,000      4,185,584

5.375%, 8/15/11

      500,000      525,546

0.989%, 12/2/11(l)

      6,000,000      6,076,458

6.250%, 4/15/12

      20,000,000      21,521,380

4.875%, 9/15/12

      800,000      838,278

Caterpillar Financial Services Corp.

      

1.035%, 6/24/11(l)

      20,300,000      20,472,489

Citigroup Funding, Inc.

      

1.375%, 5/5/11

      35,000,000      35,275,590

Citigroup, Inc.

      

0.340%, 5/18/11(l)

      34,213,000      33,994,276

6.000%, 2/21/12

      18,950,000      20,098,408

0.382%, 3/16/12(l)^

      18,935,000      18,466,473

5.300%, 10/17/12

      1,000,000      1,050,297

General Electric Capital Corp.

      

0.270%, 1/26/11(l)

      12,150,000      12,145,103

1.800%, 3/11/11

      25,000,000      25,297,400

0.339%, 4/28/11(l)

      2,073,000      2,071,514

0.341%, 3/15/12(l)

      10,000,000      9,726,930

0.379%, 11/1/12(l)

      7,000,000      6,861,106

0.502%, 12/7/12(l)

      13,600,000      13,697,730

0.271%, 12/21/12(l)

      40,000,000      39,999,920

1.151%, 5/22/13(l)

      10,800,000      10,765,051

1.278%, 9/23/13(l)

      450,000      440,806

1.101%, 12/20/13(l)

      5,000,000      4,844,665

6.375%, 11/15/67(l)^

      10,900,000      10,232,375

John Deere Capital Corp.

      

1.004%, 6/10/11(l)

      23,600,000      23,786,511

JPMorgan Chase & Co.

      

0.289%, 5/7/10(l)

      7,200,000      7,200,641

0.535%, 12/26/12(l)

      25,000,000      25,169,125

National Rural Utilities Cooperative Finance Corp.

   

1.026%, 7/1/10(l)

      19,000,000      19,035,150
         
        385,361,881
         

Insurance (2.1%)

      

American International Group, Inc.

      

5.375%, 10/18/11

      1,000,000      1,027,098

MetLife, Inc.

      

5.375%, 12/15/12

      140,000      151,470

Metropolitan Life Global Funding I

      

1.034%, 6/25/10(l)§

      11,100,000      11,118,315

2.154%, 6/10/11(l)§

      1,200,000      1,219,738

0.470%, 8/13/12(l)§

      1,930,000      1,897,665

2.875%, 9/17/12§

      500,000      508,249

5.125%, 4/10/13§

      200,000      214,719

5.200%, 9/18/13§

      230,000      245,014

Monumental Global Funding II

      

5.650%, 7/14/11§

      1,500,000      1,562,076

Monumental Global Funding III

      

0.419%, 1/25/13(l)§

      5,000,000      4,791,040

0.451%, 1/15/14(b)§

      2,500,000      2,381,690

New York Life Global Funding

      

0.382%, 6/16/11(l)§

      4,750,000      4,753,358

Pacific Life Global Funding

      

5.150%, 4/15/13§

      1,200,000      1,265,170

Pricoa Global Funding I

      

1.052%, 6/4/10(l)§

      8,600,000      8,610,148

0.349%, 1/30/12(l)§

      9,800,000      9,582,185

4.625%, 6/25/12§

      3,400,000      3,571,452

0.415%, 6/26/12(l)^§

      2,000,000      1,946,760

 

See Notes to Portfolio of Investments.

419

EQ ADVISORS TRUST

EQ/PIMCO ULTRA SHORT BOND PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Principal
Amount		    Value
(Note 1)

5.400%, 10/18/12§

    $ 5,300,000    $ 5,715,732
         
        60,561,879
         

Real Estate Investment Trusts (REITs) (0.0%)

      

Simon Property Group LP

      

4.600%, 6/15/10

      1,000,000      1,006,645
         

Thrifts & Mortgage Finance (0.2%)

      

Countrywide Financial Corp.

      

5.800%, 6/7/12

      110,000      116,930

Santander Holdings USA, Inc.

      

4.800%, 9/1/10

      5,000,000      5,073,795
         
        5,190,725
         

Total Financials

         691,436,834
         

Industrials (0.1%)

      

Commercial Services & Supplies (0.1%)

      

Waste Management, Inc.

      

7.650%, 3/15/11

      3,000,000      3,168,993
         

Total Industrials

         3,168,993
         

Information Technology (0.7%)

      

Computers & Peripherals (0.7%)

      

Hewlett-Packard Co.

      

1.302%, 5/27/11(l)

      18,600,000      18,820,949
         

Total Information Technology

         18,820,949
         

Materials (0.2%)

      

Chemicals (0.2%)

      

Dow Chemical Co.

      

6.125%, 2/1/11

      5,125,000      5,328,939

4.850%, 8/15/12

      500,000      528,759
         

Total Materials

         5,857,698
         

Telecommunication Services (1.5%)

      

Wireless Telecommunication Services (1.5%)

      

Cellco Partnership/Verizon Wireless Capital LLC

      

3.750%, 5/20/11

      41,020,000      42,296,870
         

Total Telecommunication Services

         42,296,870
         

Utilities (0.8%)

      

Electric Utilities (0.2%)

      

FPL Group Capital, Inc.

      

1.138%, 6/17/11(l)

      800,000      806,602

Nevada Power Co.
Series L

      

5.875%, 1/15/15

      150,000      163,397

Ohio Power Co.

      

0.431%, 4/5/10(l)

      4,600,000      4,600,000
         
        5,569,999
         

Gas Utilities (0.5%)

      

Florida Gas Transmission Co. LLC

      

7.625%, 12/1/10§

      5,000,000      5,190,535

NGPL Pipeco LLC

      

6.514%, 12/15/12§

      7,850,000      8,612,439
         
        13,802,974
         

Multi-Utilities (0.1%)

      

Dominion Resources, Inc.

      

4.750%, 12/15/10

      2,500,000      2,568,373
         

Total Utilities

         21,941,346
         

Total Corporate Bonds

         856,095,143
         

Government Securities (58.5%)

      

Agency ABS (20.0%)

      

Federal Farm Credit Bank

      

0.110%, 6/29/10(l)

    $ 25,000,000    $ 24,997,400

0.228%, 10/7/11(l)

      1,000,000      999,976

Federal Home Loan Bank

      

0.700%, 4/18/11

      50,000,000      50,048,350

0.500%, 5/10/11(e)

      20,000,000      20,002,320

0.120%, 5/26/11(l)

      30,000,000      29,985,270

0.250%, 5/27/11(l)

      1,300,000      1,299,427

0.130%, 7/11/11(l)

      2,000,000      1,997,804

0.111%, 7/15/11(l)

      20,000,000      19,972,800

0.145%, 7/20/11(l)

      20,000,000      19,978,480

0.166%, 8/26/11(l)

      4,800,000      4,795,080

0.149%, 9/9/11(l)

      26,500,000      26,471,035

0.216%, 9/26/11(l)

      25,000,000      24,989,175

Federal Home Loan Mortgage Corp.

      

0.197%, 9/19/11(l)

      50,000,000      49,972,100

0.216%, 9/26/11(l)

      50,000,000      49,978,350

0.150%, 11/9/11(l)

      50,000,000      49,926,650

0.160%, 1/13/12(l)

      30,500,000      30,453,762

1.500%, 1/19/12

      68,700,000      68,728,236

0.149%, 2/2/12(l)

      31,702,000      31,640,022

Federal National Mortgage Association

      

0.197%, 9/19/11(l)

      40,000,000      39,977,760

0.388%, 6/29/12(l)

      5,000,000      5,008,335

Small Business Administration
Series 2008-P10A

      

5.902%, 2/10/18

      819,475      869,455

Small Business Administration Participation Certificates
Series 2003-20I

      

5.130%, 9/1/23

      26,014      27,524

Series 2004-20C

      

4.340%, 3/1/24

      166,794      172,382

Series 2005-20B

      

4.625%, 2/1/25

      186,878      194,982

Series 2008-20G

      

5.870%, 7/1/28

      12,539,195      13,723,168

Series 2008-20H

      

6.020%, 8/1/28

      12,117,406      13,420,951
         
        579,630,794
         

Agency CMO (0.8%)

      

Federal Home Loan Mortgage Corp.

      

5.500%, 5/15/16

      288,612      288,878

4.500%, 5/15/17

      54,001      55,809

5.000%, 1/15/18

      97,400      100,404

0.460%, 2/15/19(l)

      5,671,615      5,615,799

0.380%, 7/15/19(l)

      2,747,949      2,739,883

5.000%, 2/15/20

      698,474      722,672

5.000%, 8/15/20

      338,240      356,294

0.380%, 10/15/20(l)

      2,647,362      2,637,845

5.000%, 5/15/27

      1,082,871      1,083,056

6.500%, 4/15/29

      40,177      43,790

0.580%, 12/15/29(l)

      4,913      4,872

0.580%, 12/15/30(l)

      41,822      41,850

6.500%, 7/25/43

      13,623      14,523

1.671%, 10/25/44(l)

      1,276,067      1,229,484

1.671%, 2/25/45(l)

      1,613,555      1,554,381

Federal National Mortgage Association

      

3.295%, 5/25/35(l)

      678,135      673,431

0.306%, 12/25/36(l)

      161,255      155,393

0.447%, 10/27/37(l)

      6,700,000      6,687,606

0.596%, 5/25/42(l)

      103,573      97,263

 

See Notes to Portfolio of Investments.

420

EQ ADVISORS TRUST

EQ/PIMCO ULTRA SHORT BOND PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Principal
Amount		     Value
(Note 1)		  

5.950%, 2/25/44

    $ 165,994      $ 168,484   
          
       24,271,717   
          

Municipal Bonds (0.1%)

     

Dallas, Texas Area Rapid Transit

     

6.249%, 12/1/34

      700,000        709,891   

State of Texas

     

4.750%, 4/1/37

      300,000        301,980   

Tobacco Settlement Finance Authority of West Virginia

     

7.467%, 6/1/47

      1,340,000        1,062,111   
          
       2,073,982   
          

U.S. Government Agencies (34.1%)

     

Federal Home Loan Mortgage Corp.

     

0.109%, 2/1/11(l)

      51,033,000        50,999,369   

0.311%, 4/1/11(l)

      93,360,000        93,452,146   

0.303%, 4/7/11(l)

      178,870,000        179,030,983   

1.750%, 4/20/11

      53,500,000        53,529,853   

0.160%, 5/4/11(l)

      526,753,000        527,046,402   

0.179%, 8/5/11(l)

      50,000,000        49,982,900   

2.990%, 11/1/23(l)

      5,981        6,190   

4.879%, 3/1/35(l)

      580,746        605,917   

4.843%, 10/1/35(l)

      264,496        275,032   

5.098%, 10/1/35(l)

      305,792        321,194   

4.792%, 11/1/35(l)

      284,429        297,195   

6.611%, 7/1/36(l)

      2,967,281        3,117,963   

6.346%, 9/1/36(l)

      2,201,658        2,332,597   

6.514%, 10/1/36(l)

      3,432,430        3,642,667   

Federal National Mortgage Association

     

2.500%, 4/6/11(e)

      10,000,000        10,001,190   

1.750%, 4/15/11

      10,000,000        10,003,680   

2.835%, 11/1/34(l)

      359,593        375,044   

2.600%, 1/1/35(l)

      72,359        74,997   

3.362%, 7/1/35(l)

      366,134        377,811   

5.635%, 12/1/35(l)

      755,479        795,975   

5.691%, 3/1/36(l)

      838,837        890,216   

5.743%, 3/1/36(l)

      957,643        1,016,299   

1.671%, 3/1/44(l)

      711,369        705,433   

1.671%, 7/1/44(l)

      17,102        16,958   

1.671%, 10/1/44(l)

      84,577        83,846   

Small Business Administration
Series P10A

     

4.504%, 2/1/14

      33,691        34,998   
          
       989,016,855   
          

U.S. Treasuries (3.5%)

     

U.S. Treasury Notes

     

1.125%, 6/30/11

      807,000        812,864   

1.000%, 7/31/11

      99,100,000        99,610,959   
          
       100,423,823   
          

Total Government Securities

        1,695,417,171   
          

Total Long-Term Debt Securities (97.6%)
(Cost $2,817,492,263)

        2,826,567,438   
          
     Number of
Shares		     Value
(Note 1)		  

CONVERTIBLE PREFERRED STOCK:

     

Financials (0.0%)

     

Commercial Banks (0.0%)

     

Wells Fargo & Co.

     

7.500%

      1,100      $ 1,074,700   
          

Total Convertible Preferred Stocks (0.0%)
(Cost $1,100,000)

        1,074,700   
          
     Number of
Shares		     Value
(Note 1)		  

COMMON STOCK:

     

Financials (0.0%)

     

Capital Markets (0.0%)

     

BlackRock, Inc.

     

(Cost $790)

      4      $ 871   
          
     Principal
Amount		     Value
(Note 1)		  

SHORT-TERM INVESTMENTS:

     

Government Securities (2.1%)

     

Federal Home Loan Bank

     

0.10%, 6/11/10 (o)(p)

    $ 3,000,000        2,999,409   

Federal Home Loan Mortgage Corp.

  

  

0.10%, 6/9/10 (o)(p)

      6,100,000        6,098,829   

Federal National Mortgage Association

  

  

0.10%, 6/14/10 (o)(p)

      52,500,000        52,489,185   

U.S. Treasury Bills

     

0.20%, 9/2/10 (p)

      389,000        388,659   
          

Total Government Securities

        61,976,082   
          

Short-Term Investments of Cash Collateral for Securities Loaned (0.5%)

     

Goldman Sachs & Co., Repurchase Agreement

     

0.01%, 4/1/10 (v)

      358,980        358,980   

Monumental Global Funding Ltd.

     

0.31%, 5/24/10 (l)

      13,000,000        12,958,608   
          

Total Short-Term Investments of Cash Collateral for Securities Loaned

        13,317,588   
          

Time Deposit (0.0%)

     

JPMorgan Chase Nassau

     

0.000%, 4/1/10

      324,659        324,659   
          

Total Short-Term Investments (2.6%)
(Cost/Amortized Cost $75,651,832)

        75,618,329   
          

Total Investments Before Options Written and Securities Sold Short (100.2%)
(Cost/Amortized Cost $2,894,244,885)

        2,903,261,338   
          
     Number of
Contracts		     Value
(Note 1)		  

OPTIONS WRITTEN:

     

Call Options Written (0.0%)

     

10 Year U.S. Treasury Notes

     

April 2010 @ $119.00*

      (1,946 )      (91,219 ) 

May 2010 @ $119.00*

      (859 )      (147,640 ) 
          
       (238,859 ) 
          

 

See Notes to Portfolio of Investments.

421

EQ ADVISORS TRUST

EQ/PIMCO ULTRA SHORT BOND PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

 

     Number of
Contracts		     Value
(Note 1)		  

Put Options Written (0.0%)

     

10 Year U.S. Treasury Notes

     

April 2010 @ $114.00*

    (1,946 )    $ (243,250 ) 

May 2010 @ $114.00*

    (791 )      (271,907 ) 

May 2010 @ $115.00*

    (73 )      (42,203 ) 
          
       (557,360 ) 
          

Total Options Written (0.0%)
(Premiums Received $1,870,712)

        (796,219 ) 
          

Total Investments Before Securities Sold Short (100.2%)
(Cost/Amortized Cost $2,892,374,173)

        2,902,465,119   
          
     Number of
Shares		     Value
(Note 1)		  

SECURITIES SOLD SHORT:

     

COMMON STOCK:

     

Financials (0.0%)

     

Capital Markets (0.0%)

     

Teton Advisors, Inc., Class B*†

    (31 )      (324 ) 
          

Total Securities Sold Short (0.0%)
(Proceeds Received $—)

        (324 ) 
          

Total Investments after Options Written and Securities Sold Short (100.2%)
(Cost/Amortized Cost $2,892,374,173)

        2,902,464,795   

Other Assets Less Liabilities (-0.2%)

        (4,989,619 ) 
          

Net Assets (100%)

      $ 2,897,475,176   
          

 

* Non-income producing.

 

^ All, or a portion of security out on loan (See Note 1).

 

† Securities (totaling ($324) or (0.0)% of net assets) at fair value by management.

 

§ Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may only be resold to qualified institutional buyers. At March 31, 2010, the market value of these securities amounted to $122,866,025 or 4.2% of net assets. Securities denoted with “§” but without “b” have been determined to be liquid under the guidelines established by the Board of Trustees. To the extent any securities might provide a right to demand registration, such rights have not been relied upon when determining liquidity.

 

(b) Illiquid Security.

 

(e) Step Bond - Coupon rate increases in increments to maturity. Rate disclosed is as of March 31, 2010. Maturity date disclosed is the ultimate maturity date.

 

(l) Floating Rate Security. Rate disclosed is as of March 31, 2010.

 

(o) Discount Note Security. Effective rate calculated as of March 31, 2010.

 

(p) Yield to maturity.

 

(v) Represents the Portfolio’s undivided interest in a joint repurchase agreement. The repurchase agreement was fully collateralized by U.S. government agency securities at the date of this Portfolio of Investments as follows: Government National Mortgage Association, 3.500%-15.000%, maturing 7/15/10 to 3/20/40, which had a total value of $366,160.

Glossary:

ABS — Asset-Backed Security

CMO — Collateralized Mortgage Obligation

At March 31, 2010, the Portfolio had outstanding foreign currency contracts to buy/sell foreign currencies as follows: (Note 1)

 

     Local
Contract Buy
Amount
(000’s)		    U.S. $
Current
Buy
Value		    U.S. $
Current
Sell
Value		    Unrealized
Appreciation/
(Depreciation)		  

Foreign Currency Buy Contracts

            

Philippine Peso vs. U.S. Dollar, expiring 12/24/10

    12,100    $ 260,824    $ 270,331    $ (9,507 ) 

Singapore Dollar vs. U.S. Dollar, expiring 12/24/10

    4,577      3,268,058      3,316,912      (48,854 ) 
                 
            $ (58,361 ) 
                 
     Local
Contract Sell
Amount
(000’s)		    U.S. $
Current
Buy
Value		    U.S. $
Current
Sell
Value		    Unrealized
Appreciation/
(Depreciation)		  

Foreign Currency Sell Contracts

            

Philippine Peso vs. U.S. Dollar, expiring 12/24/10

    12,100    $ 250,362    $ 260,824    $ (10,462 ) 

Singapore Dollar vs. U.S. Dollar, expiring 12/24/10

    4,577      3,209,225      3,268,058      (58,833 ) 
                 
            $ (69,295 ) 
                 
            $ (127,656 ) 
                 

 

See Notes to Portfolio of Investments.

422

EQ ADVISORS TRUST

EQ/PIMCO ULTRA SHORT BOND PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

Options Written:

Options written through the three months ended March 31, 2010 were as follows:

 

     Total
Number of
Contracts		     Total
Premiums
Received		  

Options Outstanding - January 1, 2010

    6,171      $ 2,716,713   

Options Written

    7,325        2,452,719   

Options Terminated in Closing Purchase Transactions

    (364 )      (249,403 ) 

Options Expired

    (7,517 )      (3,049,317 ) 

Options Exercised

    —          —     
              

Options Outstanding – March 31, 2010

    5,615      $ 1,870,712   
              

The following is a summary of the inputs used to value the Portfolio’s assets and liabilities carried at fair value as of March 31, 2010:

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, money market securities are valued using amortized cost, in accordance with rules under the Investment Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active market, such securities are reflected as Level 2.

Various inputs are used in determining the value of the Portfolio’s investments. These inputs are summarized in the three broad levels listed below:

 

Investment Type

   Level 1
Quoted prices in active
markets for identical
securities		     Level 2
Significant other
observable inputs
(including quoted prices
for similar securities,
interest rates,
prepayment speeds,
credit risk, etc.)		     Level 3
Significant unobservable
inputs (including the
Portfolio’s own
assumptions in
determining the fair
value of investments)		     Total  

Assets:

        

Asset-Backed and Mortgage-Backed Securities

        

Asset-Backed Securities

   $ —        $ 202,995,805      $ —        $ 202,995,805   

Non-Agency CMO

     —          71,422,220        —          71,422,220   

Common Stocks

        

Financials

     871        —          —          871   

Convertible Bonds

        

Government Securities

     —          637,099        —          637,099   

Convertible Preferred Stocks

        

Financials

     1,074,700        —          —          1,074,700   

Corporate Bonds

        

Consumer Discretionary

     —          41,994,546        —          41,994,546   

Consumer Staples

     —          12,534,095        —          12,534,095   

Energy

     —          18,043,812        —          18,043,812   

Financials

     —          691,436,834        —          691,436,834   

Industrials

     —          3,168,993        —          3,168,993   

Information Technology

     —          18,820,949        —          18,820,949   

Materials

     —          5,857,698        —          5,857,698   

Telecommunication Services

     —          42,296,870        —          42,296,870   

Utilities

       21,941,346        —          21,941,346   

Government Securities

        

Agency ABS

     —          579,630,794        —          579,630,794   

Agency CMO

     —          24,271,717        —          24,271,717   

Municipal Bonds

     —          2,073,982        —          2,073,982   

U.S. Government Agencies

     —          989,016,855        —          989,016,855   

U.S. Treasuries

     —          100,423,823        —          100,423,823   

Short-Term Investments

     —          75,618,329        —          75,618,329   
                               

Total Assets

   $ 1,075,571      $ 2,902,185,767      $ —        $ 2,903,261,338   
                               

Liabilities:

        

Common Stocks

        

Financials

   $ —        $ —        $ (324 )    $ (324 ) 

Forward Currency Contracts

     —          (127,656 )      —          (127,656 ) 

Options Written

        

Call Options Written

     (238,859 )      —          —          (238,859 ) 

 

See Notes to Portfolio of Investments.

423

EQ ADVISORS TRUST

EQ/PIMCO ULTRA SHORT BOND PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

Investment Type

    Level 1
Quoted prices in active
markets for identical
securities		     Level 2
Significant other
observable inputs
(including quoted prices
for similar securities,
interest rates,
prepayment speeds,
credit risk, etc.)		     Level 3
Significant unobservable
inputs (including the
Portfolio’s own
assumptions in
determining the fair
value of investments)		     Total  

Put Options Written

    $ (557,360 )    $ —        $ —        $ (557,360 ) 

Total Liabilities

    $ (796,219 )    $ (127,656 )    $ (324 )    $ (924,199 ) 
                                

Total

    $ 279,352      $ 2,902,058,111      $ (324 )    $ 2,902,337,139   
                                

Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:

 

     Investments in Securities-
Asset Backed Securities		     Investments in
Securities-Financials		  

Balance as of 12/31/09

    $ 6,365,000      $ (1,473 ) 

Total gains or losses (realized/unrealized) included in earnings

      —          1,149   

Purchases, sales, issuances, and settlements (net)

      —          —     

Transfers into Level 3

      —          —     

Transfers out of Level 3

      (6,365,000 )      —     
                

Balance as of 3/31/10

    $ —        ($ 324 ) 
                

The amount of total gains or losses for the year included in earnings attributable to the change in unrealized gains or losses relating to assets and liabilities still held at period ending 3/31/10.

    $ —        $ 1,149   

Investment security transactions for the three months ended March 31, 2010 were as follows:

 

Cost of Purchases:

   

Stocks, long-term corporate debt securities and short positions

    $ 990,637,736

Long-term U.S. Treasury securities

      157,728,562
      
   $ 1,148,366,298
      

Net Proceeds of Sales and Redemptions:

   

Stocks, long-term corporate debt securities and short positions

    $ 339,028,347

Long-term U.S. Treasury securities

      137,821,125
      
   $ 476,849,472
      

As of March 31, 2010, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investments for Federal income tax purposes was as follows:

 

Aggregate gross unrealized appreciation

    $ 15,807,729   

Aggregate gross unrealized depreciation

      (13,161,807 ) 
        

Net unrealized appreciation

    $ 2,645,922   
        

Federal income tax cost of investments

    $ 2,900,615,416   
        

At March 31, 2010, the Portfolio had loaned securities with a total value of $13,101,661. This was secured by collateral of $13,358,980, which was received as cash and subsequently invested in short-term investments currently valued at $13,317,588, as reported in the Portfolio of Investments.

The Portfolio had a net capital loss carryforward of $259,362,578 of which $4,546,511 expires in the year 2013, $7,880,586 expires in the year 2015, $131,902,909 expires in the year 2016 and $115,032,572 expires in the year 2017.

Included in the capital loss carryforward amounts are $144,330,006 of losses acquired from EQ/Short Duration Bond as a result of a tax free reorganization that occurred during the year 2009. Certain capital loss carryforwards may be subject to limitations on use pursuant to applicable U.S. Federal Income Tax Law. Therefore, it is possible not all of these capital losses will be available for use.

 

See Notes to Portfolio of Investments.

424

EQ ADVISORS TRUST

EQ/QUALITY BOND PLUS PORTFOLIO

PORTFOLIO OF INVESTMENTS

March 31, 2010 (Unaudited)

 

     Principal
Amount		    Value
(Note 1)

LONG-TERM DEBT SECURITIES:

   

Asset-Backed and Mortgage-Backed Securities (5.6%)

   

Asset-Backed Securities (0.7%)

      

AEP Texas Central Transition Funding LLC,
Series 2002-1 A5

   

6.250%, 1/15/17

    $ 175,000    $ 200,272

Bayview Financial Acquisition Trust,
Series 2005-D AF2

   

5.402%, 12/28/35(l)

      617,358      591,794

Capital One Multi-Asset Execution Trust,
Series 2005-A7 A7

   

4.700%, 6/15/15

      500,000      533,224

Series 2007-A7 A7

      

5.750%, 7/15/20

      125,000      139,173

Chase Issuance Trust,
Series 2007-A1 A1

      

0.250%, 3/15/13(l)

      3,834,000      3,828,735

Series 2007-A17 A

      

5.120%, 10/15/14

      1,500,000      1,623,679

Series 2008-A9 A9

      

4.260%, 5/15/13

      750,000      778,314

Citibank Credit Card Issuance Trust,
Series 2003-A10 A10

   

4.750%, 12/10/15

      200,000      215,490

Series 2003-A7 A7

      

4.150%, 7/7/17

      300,000      312,573

Series 2004-A8 A8

      

4.900%, 12/12/16

      700,000      756,614

Series 2005-A4 A4

      

4.400%, 6/20/14

      600,000      635,906

Series 2006-A3 A3

      

5.300%, 3/15/18

      1,000,000      1,094,502

Series 2007-A8 A8

      

5.650%, 9/20/19

      125,000      138,839

Series 2009-A4 A4

      

4.900%, 6/23/16

      250,000      270,597

Series 2009-A5 A5

      

2.250%, 12/23/14

      3,190,000      3,214,182

CitiFinancial Mortgage Securities, Inc.,
Series 2003-1 AFPT

   

3.360%, 1/25/33(e)

      433,361      375,046

Daimler Chrysler Auto Trust,
Series 2007-A A4

      

5.280%, 3/8/13

      200,000      210,207

DB Master Finance LLC,
Series 2006-1 A2

      

5.779%, 6/20/31§

      600,000      583,840

Discover Card Master Trust,
Series 2010-A1 A1

      

0.880%, 9/15/15(l)

      1,113,000      1,113,131

Ford Credit Auto Owner Trust,
Series 2007-B A4A

      

5.240%, 7/15/12

      100,000      104,620

MBNA Credit Card Master Note Trust,
Series 2005-A9 A9

   

0.270%, 4/15/13(l)

      4,185,000      4,177,334

Nissan Auto Receivables Owner Trust,
Series 2007-B A4

   

5.160%, 3/17/14

      750,000      781,294

Series 2008-A A4

      

4.280%, 6/16/14

      500,000      519,089

Option One Mortgage Loan Trust,
Series 2006-3 M1

      

0.476%, 2/25/37(l)

      2,915,000      15,493

PG&E Energy Recovery Funding LLC,
Series 2005-1 A5

      

4.470%, 12/25/14

    $ 200,000    $ 213,469

Residential Asset Securities Corp.,
Series 2003-KS3 A2

      

0.846%, 5/25/33(l)

      175,405      99,689

USAA Auto Owner Trust,
Series 2008-1 A4

      

4.500%, 10/15/13

      800,000      834,044
         
        23,361,150
         

Non-Agency CMO (4.9%)

      

Banc of America Commercial Mortgage, Inc.,
Series 2004-6 A3

   

4.512%, 12/10/42

      2,000,000      2,049,423

Series 2006-5 A4

      

5.414%, 9/10/47

      2,815,000      2,767,368

Series 2006-6 A2

      

5.309%, 10/10/45

      1,000,000      1,021,839

Series 2006-6 A4

      

5.356%, 10/10/45

      520,000      527,813

Series 2007-1 A4

      

5.451%, 1/15/49

      2,945,000      2,839,050

Series 2007-2 A4

      

5.689%, 4/10/49(l)

      2,150,000      2,053,058

Series 2007-3 A4

      

5.658%, 6/10/49(l)

      1,200,000      1,069,710

Series 2007-4 A4

      

5.744%, 2/10/51(l)

      1,041,000      990,406

Bear Stearns Alt-A Trust,
Series 2006-1 22A1

      

5.130%, 2/25/36(l)

      1,976,311      1,102,845

Series 2006-3 22A1

      

5.796%, 5/25/36(l)

      838,302      385,523

Bear Stearns Commercial Mortgage Securities, Inc.,
Series 2004-T16 A6

   

4.750%, 2/13/46(l)

      1,250,000      1,261,229

Series 2005-PWR7 A2

      

4.945%, 2/11/41

      888,385      899,854

Series 2005-PWR7 A3

      

5.116%, 2/11/41(l)

      2,535,000      2,547,350

Series 2005-PWR8 A4

      

4.674%, 6/11/41

      1,507,000      1,511,202

Series 2006-PW11 A4

      

5.456%, 3/11/39(l)

      2,030,000      2,144,087

Series 2006-PW12 A4

      

5.719%, 9/11/38(l)

      1,240,000      1,321,498

Series 2007-PW16 A4

      

5.719%, 6/11/40(l)

      400,000      382,982

Citigroup Commercial Mortgage Trust, Inc.,
Series 2006-C5 A4

   

5.431%, 10/15/49

      1,337,000      1,348,859

Series 2007-C6 A4

      

5.699%, 12/10/49(l)

      750,000      729,040

Citigroup Mortgage Loan Trust, Inc.,
Series 2005-2 1A4

      

5.137%, 5/25/35(l)

      1,559,849      1,366,235

Series 2006-AR1 3A1

      

5.500%, 3/25/36(l)

      2,547,854      1,701,099

Citigroup/Deutsche Bank Commercial Mortgage Trust,
Series 2007-CD5 A1

      

5.171%, 11/15/44

      266,784      274,180

 

See Notes to Portfolio of Investments.

425

EQ ADVISORS TRUST

EQ/QUALITY BOND PLUS PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Principal
Amount		    Value
(Note 1)

Commercial Mortgage Pass Through Certificates,
Series 2005-LP5 A4

   

4.982%, 5/10/43(l)

    $ 750,000    $ 767,709

Series 2006-C8 A4

      

5.306%, 12/10/46

      510,000      481,877

Credit Suisse Mortgage Capital Certificates,
Series 2006-C4 A3

   

5.467%, 9/15/39

      4,520,000      4,233,935

CS First Boston Mortgage Securities Corp.,
Series 2001-CK6 A3

   

6.387%, 8/15/36

      481,085      504,370

Series 2002-CKN2 A3

      

6.133%, 4/15/37

      1,000,400      1,054,945

Series 2004-C1 A4

      

4.750%, 1/15/37(l)

      985,000      1,010,779

Series 2004-C2 A1

      

3.819%, 5/15/36

      291,381      291,475

GE Capital Commercial Mortgage Corp.,
Series 2004-C3 A3

      

4.865%, 7/10/39(l)

      521,000      532,222

Series 2007-C1 A4

      

5.543%, 12/10/49

      830,000      757,906

GMAC Commercial Mortgage Securities, Inc.,
Series 2004-C3 A5

   

4.864%, 12/10/41

      2,650,000      2,653,171

Greenwich Capital Commercial Funding Corp.,
Series 2003-C1 A4

   

4.111%, 7/5/35

      1,915,000      1,950,992

Series 2005-GG3 A4

      

4.799%, 8/10/42(l)

      1,125,000      1,148,050

Series 2005-GG5 A41

      

5.243%, 4/10/37(l)

      1,071,500      1,097,355

Series 2007-GG9 A2

      

5.381%, 3/10/39

      5,185,000      5,319,930

Series 2007-GG9 A4

      

5.444%, 3/10/39

      6,025,000      5,781,156

GS Mortgage Securities Corp. II,
Series 2004-GG2 A6

      

5.396%, 8/10/38(l)

      2,000,000      2,085,631

Series 2006-GG6 A4

      

5.553%, 4/10/38(l)

      5,845,000      5,861,749

Series 2006-GG8 A2

      

5.479%, 11/10/39

      500,000      507,338

Indymac Index Mortgage Loan Trust,
Series 2006-AR7 4A1

      

5.844%, 5/25/36(l)

      1,147,104      683,107

JP Morgan Chase Commercial Mortgage Securities Corp.,
Series 2001-C1 A3

      

5.857%, 10/12/35

      1,250,000      1,297,888

Series 2001-CIB2 A3

      

6.429%, 4/15/35

      1,412,500      1,461,850

Series 2003-CB7 A4

      

4.879%, 1/12/38(l)

      1,250,000      1,302,935

Series 2005-CB11 A3

      

5.197%, 8/12/37

      1,025,000      1,057,464

Series 2005-CB11 A4

      

5.335%, 8/12/37(l)

      6,190,000      6,408,942

Series 2005-LDP1 A3

      

4.865%, 3/15/46

      625,000      628,988

Series 2005-LDP1 A4

      

5.038%, 3/15/46(l)

      6,301,517      6,481,910

Series 2005-LDP4 A3A1

      

4.871%, 10/15/42

      550,000      555,216

Series 2006-CB14 A4

      

5.481%, 12/12/44(l)

    $ 3,790,000    $ 3,781,433

Series 2006-CB15 A4

      

5.814%, 6/12/43(l)

      2,640,000      2,650,495

Series 2006-CB16 A4

      

5.552%, 5/12/45

      1,039,000      1,049,452

Series 2007-CB18 A4

      

5.440%, 6/12/47^

      5,730,000      5,632,063

Series 2007-LD11 A4

      

5.818%, 6/15/49(l)

      5,755,000      5,534,828

Series 2007-LDPX A3

      

5.420%, 1/15/49

      2,580,000      2,398,661

LB-UBS Commercial Mortgage Trust,
Series 2003-C3 A4

      

4.166%, 5/15/32

      2,810,000      2,865,269

Series 2004-C2 A4

      

4.367%, 3/15/36

      2,115,000      2,147,031

Series 2004-C4 A4

      

5.223%, 6/15/29(l)

      2,985,000      3,128,218

Series 2004-C8 A4

      

4.510%, 12/15/29

      800,000      813,332

Series 2005-C1 A4

      

4.742%, 2/15/30

      5,930,000      6,012,310

Series 2005-C7 A4

      

5.197%, 11/15/30(l)

      400,000      412,746

Series 2006-C7 A3

      

5.347%, 11/15/38

      1,985,000      1,955,848

Series 2007-C1 A4

      

5.424%, 2/15/40

      3,785,000      3,647,074

Series 2007-C6 A4

      

5.858%, 7/15/40(l)

      500,000      487,623

Lehman XS Trust,
Series 2007-4N M1

      

0.696%, 3/25/47(l)

      3,031,890      8,387

Merrill Lynch Mortgage Investors, Inc.,
Series 2005-A8 A1C1

      

5.250%, 8/25/36(l)

      960,139      906,850

Merrill Lynch Mortgage Trust,
Series 2004-KEY2 A4

      

4.864%, 8/12/39(l)

      2,000,000      2,011,195

Series 2005-CKI1 A6

      

5.233%, 11/12/37(l)

      2,575,000      2,674,446

Series 2007-C1 A4

      

5.827%, 6/12/50(l)

      950,000      932,981

Series 2008-C1 A3

      

5.710%, 2/12/51

      500,000      508,846

Merrill Lynch/Countrywide Commercial Mortgage Trust,
Series 2006-2 A4

      

5.908%, 6/12/46(l)

      805,000      825,783

Series 2006-3 A4

      

5.414%, 7/12/46(l)

      6,255,000      6,166,835

Series 2007-5 A4

      

5.378%, 8/12/48

      2,300,000      1,921,073

Morgan Stanley Capital I, Inc.,
Series 2005-T17 A5

      

4.780%, 12/13/41

      6,510,000      6,648,396

Series 2006-IQ12 A4

      

5.332%, 12/15/43

      1,816,000      1,824,780

Series 2007-HQ12 A5

      

5.631%, 4/12/49(l)

      825,000      806,512

Series 2007-HQ13 A3

      

5.569%, 12/15/44

      1,437,500      1,311,692

Series 2007-IQ13 A4

      

5.364%, 3/15/44

      2,940,000      2,798,672

 

See Notes to Portfolio of Investments.

426

EQ ADVISORS TRUST

EQ/QUALITY BOND PLUS PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Principal
Amount		    Value
(Note 1)

Series 2007-T25 A3

      

5.514%, 11/12/49(l)

    $ 975,000    $ 968,677

Wachovia Bank Commercial Mortgage Trust,
Series 2006-C27 A3

   

5.765%, 7/15/45(l)

      8,786,372      8,984,344

Series 2007-C31 A2

      

5.421%, 4/15/47

      1,500,000      1,530,243

Series 2007-C33 A4

      

5.902%, 2/15/51(l)

      400,000      372,997

WaMu Mortgage Pass-Through Certificates,
Series 2007-OA1 A1A

   

1.171%, 2/25/47(l)

      2,138,870      1,087,553
         
        171,020,185
         

Total Asset-Backed and Mortgage-Backed Securities

         194,381,335
         

Corporate Bonds (26.1%)

      

Consumer Discretionary (2.2%)

      

Auto Components (0.0%)

      

Goodyear Tire & Rubber Co.

      

9.000%, 7/1/15^

    $ 900,000      929,250

Johnson Controls, Inc.

      

5.000%, 3/30/20

      100,000      99,759
         
        1,029,009
         

Automobiles (0.2%)

      

Daimler Finance N.A. LLC

      

4.875%, 6/15/10

      590,000      594,276

7.750%, 1/18/11

      1,139,000      1,198,256

7.300%, 1/15/12

      672,000      731,735

6.500%, 11/15/13

      800,000      886,912

Volvo Treasury AB

      

5.950%, 4/1/15§

      2,199,000      2,240,662
         
        5,651,841
         

Hotels, Restaurants & Leisure (0.3%)

      

International Game Technology

      

7.500%, 6/15/19

      75,000      84,948

Marriott International, Inc.

      

5.625%, 2/15/13

      3,418,000      3,636,629

McDonald’s Corp.

      

4.300%, 3/1/13

      300,000      319,596

5.350%, 3/1/18

      350,000      379,557

6.300%, 10/15/37

      250,000      270,708

Sheraton Holding Corp.

      

7.375%, 11/15/15

      1,139,000      1,187,407

Starwood Hotels & Resorts Worldwide, Inc.

      

7.875%, 5/1/12^

      1,189,000      1,287,092

6.250%, 2/15/13

      1,450,000      1,522,500

Wyndham Worldwide Corp.

      

6.000%, 12/1/16

      1,605,000      1,589,984

Yum! Brands, Inc.

      

6.875%, 11/15/37

      500,000      542,903
         
        10,821,324
         

Household Durables (0.2%)

      

Fortune Brands, Inc.

      

3.000%, 6/1/12

      2,250,000      2,254,518

4.875%, 12/1/13

      642,000      667,141

6.375%, 6/15/14

      1,000,000      1,094,382

MDC Holdings, Inc.

      

5.500%, 5/15/13

      1,650,000      1,701,657

Mohawk Industries, Inc.

      

6.875%, 1/15/16

      1,440,000      1,486,800

Toll Brothers Finance Corp.

      

6.750%, 11/1/19

    $ 200,000    $ 202,084

Whirlpool Corp.

      

8.000%, 5/1/12

      115,000      126,392

5.500%, 3/1/13

      300,000      314,023

8.600%, 5/1/14

      280,000      324,950
         
        8,171,947
         

Leisure Equipment & Products (0.0%)

      

Hasbro, Inc.

      

6.350%, 3/15/40

      65,000      64,223
         

Media (1.3%)

      

BSKYB Finance UK plc

      

5.625%, 10/15/15§

      1,175,000      1,289,538

CBS Corp.

      

6.625%, 5/15/11

      300,000      315,049

5.625%, 8/15/12

      300,000      323,613

8.875%, 5/15/19

      2,165,000      2,615,329

Comcast Cable Communications Holdings, Inc.

      

8.375%, 3/15/13

      274,000      317,605

9.455%, 11/15/22

      870,000      1,162,467

Comcast Corp.

      

5.500%, 3/15/11

      1,285,000      1,336,896

5.300%, 1/15/14

      500,000      537,585

5.900%, 3/15/16

      600,000      655,433

6.500%, 1/15/17

      600,000      667,026

5.700%, 7/1/19

      200,000      208,839

6.500%, 11/15/35

      500,000      512,138

6.450%, 3/15/37

      1,000,000      1,018,366

6.950%, 8/15/37

      600,000      649,091

6.550%, 7/1/39^

      200,000      206,972

COX Communications, Inc.

      

7.125%, 10/1/12

      300,000      335,298

5.450%, 12/15/14

      500,000      540,473

CSC Holdings LLC

      

8.500%, 4/15/14§

      890,000      947,850

DIRECTV Holdings LLC

      

3.550%, 3/15/15§

      190,000      186,950

5.200%, 3/15/20§

      200,000      196,901

6.350%, 3/15/40§

      60,000      59,560

DIRECTV Holdings LLC/DIRECTV Financing Co., Inc.

      

4.750%, 10/1/14§

      1,370,000      1,431,258

7.625%, 5/15/16

      471,000      527,520

Grupo Televisa S.A.

      

6.625%, 3/18/25

      500,000      505,085

Historic TW, Inc.

      

9.125%, 1/15/13

      500,000      584,141

News America Holdings, Inc.

      

9.250%, 2/1/13

      1,080,000      1,269,037

News America, Inc.

      

5.300%, 12/15/14

      100,000      109,572

6.900%, 3/1/19

      500,000      568,231

6.550%, 3/15/33

      695,000      705,191

6.400%, 12/15/35

      1,000,000      1,021,152

6.150%, 3/1/37

      200,000      197,140

6.650%, 11/15/37

      300,000      315,512

Omnicom Group, Inc.

      

6.250%, 7/15/19

      250,000      270,820

Reed Elsevier Capital, Inc.

      

8.625%, 1/15/19

      420,000      523,974

Thomson Reuters Corp.

      

6.500%, 7/15/18

      300,000      338,549

4.700%, 10/15/19

      100,000      100,510

 

See Notes to Portfolio of Investments.

427

EQ ADVISORS TRUST

EQ/QUALITY BOND PLUS PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Principal
Amount		    Value
(Note 1)

Time Warner Cable, Inc.

      

5.400%, 7/2/12

    $ 500,000    $ 536,751

6.200%, 7/1/13

      300,000      331,048

7.500%, 4/1/14

      1,320,000      1,523,879

3.500%, 2/1/15

      250,000      250,212

5.850%, 5/1/17

      1,100,000      1,177,826

8.250%, 4/1/19

      500,000      605,044

5.000%, 2/1/20

      185,000      182,406

6.550%, 5/1/37

      300,000      306,632

7.300%, 7/1/38

      500,000      556,462

6.750%, 6/15/39

      250,000      262,252

Time Warner Entertainment Co. LP

      

8.375%, 3/15/23

      1,250,000      1,525,553

Time Warner, Inc.

      

6.875%, 5/1/12

      500,000      549,977

5.875%, 11/15/16

      300,000      327,762

7.625%, 4/15/31

      2,155,000      2,461,269

7.700%, 5/1/32

      750,000      865,629

6.500%, 11/15/36

      1,000,000      1,027,268

Turner Broadcasting System, Inc.

      

8.375%, 7/1/13

      1,160,000      1,327,712

Univision Communications, Inc.

      

12.000%, 7/1/14^§

      197,000      215,715

Viacom, Inc.

      

4.375%, 9/15/14

      250,000      258,298

5.625%, 9/15/19

      2,440,000      2,534,406

6.875%, 4/30/36

      300,000      318,055

Walt Disney Co.

      

4.500%, 12/15/13

      500,000      538,464

6.000%, 7/17/17

      500,000      559,844

5.500%, 3/15/19

      1,110,000      1,205,371

WPP Finance UK Corp.

      

5.875%, 6/15/14

      2,445,000      2,585,331

8.000%, 9/15/14

      1,907,000      2,191,120
         
        46,774,957
         

Multiline Retail (0.1%)

      

Kohl’s Corp.

      

6.250%, 12/15/17

      300,000      333,751

Nordstrom, Inc.

      

6.750%, 6/1/14

      60,000      67,374

6.250%, 1/15/18

      400,000      440,084

Target Corp.

      

5.125%, 1/15/13

      600,000      651,447

6.000%, 1/15/18^

      300,000      335,874

6.500%, 10/15/37

      200,000      217,648

7.000%, 1/15/38

      600,000      693,557
         
        2,739,735
         

Specialty Retail (0.1%)

      

AutoZone, Inc.

      

5.750%, 1/15/15

      250,000      269,843

Home Depot, Inc.

      

5.400%, 3/1/16

      800,000      864,478

5.875%, 12/16/36^

      250,000      242,607

Lowe’s Cos., Inc.

      

5.600%, 9/15/12

      300,000      330,949

5.500%, 10/15/35

      300,000      290,589

6.650%, 9/15/37

      150,000      168,067

Staples, Inc.

      

9.750%, 1/15/14

      500,000      606,165

TJX Cos., Inc.

      

6.950%, 4/15/19

    $ 145,000    $ 171,341
         
        2,944,039
         

Total Consumer Discretionary

         78,197,075
         

Consumer Staples (1.9%)

      

Beverages (0.5%)

      

Anheuser-Busch Cos., Inc.

      

6.000%, 4/15/11

      300,000      313,932

4.950%, 1/15/14^

      300,000      318,822

Anheuser-Busch InBev Worldwide, Inc.

      

3.000%, 10/15/12

      1,525,000      1,565,929

4.125%, 1/15/15

      325,000      334,392

5.375%, 1/15/20

      900,000      928,423

6.375%, 1/15/40

      600,000      640,415

Bottling Group LLC

      

6.950%, 3/15/14

      1,765,000      2,043,356

5.125%, 1/15/19

      500,000      523,893

Coca-Cola Co.

      

5.350%, 11/15/17

      2,075,000      2,282,801

4.875%, 3/15/19

      250,000      260,006

Coca-Cola Enterprises, Inc.

      

8.500%, 2/1/12

      300,000      338,252

7.375%, 3/3/14

      500,000      584,210

8.500%, 2/1/22

      1,000,000      1,293,722

Diageo Capital plc

      

7.375%, 1/15/14

      1,780,000      2,070,017

5.750%, 10/23/17

      300,000      325,047

Diageo Finance B.V.

      

5.500%, 4/1/13

      600,000      654,335

3.250%, 1/15/15

      100,000      100,389

Dr. Pepper Snapple Group, Inc.

      

6.820%, 5/1/18

      500,000      571,204

PepsiCo, Inc.

      

4.650%, 2/15/13

      1,325,000      1,429,288

3.100%, 1/15/15

      250,000      252,654

5.000%, 6/1/18

      300,000      316,148

7.900%, 11/1/18

      600,000      743,132

4.500%, 1/15/20

      250,000      252,828

5.500%, 1/15/40

      100,000      99,008
         
        18,242,203
         

Food & Staples Retailing (0.4%)

      

Costco Wholesale Corp.

      

5.500%, 3/15/17

      300,000      329,210

CVS Caremark Corp.

      

6.125%, 8/15/16

      500,000      551,308

5.750%, 6/1/17

      300,000      323,517

6.600%, 3/15/19

      1,370,000      1,531,682

6.250%, 6/1/27

      200,000      207,689

Delhaize America, Inc.

      

9.000%, 4/15/31

      100,000      127,211

Delhaize Group

      

5.875%, 2/1/14^

      605,000      661,539

Kroger Co.

      

5.000%, 4/15/13

      300,000      319,432

7.500%, 1/15/14

      500,000      577,347

3.900%, 10/1/15

      200,000      202,453

6.800%, 12/15/18

      609,000      684,996

6.150%, 1/15/20

      500,000      542,779

Safeway, Inc.

      

6.350%, 8/15/17

      300,000      332,273

5.000%, 8/15/19

      500,000      504,434

Sysco Corp.

      

5.250%, 2/12/18

      500,000      532,645

 

See Notes to Portfolio of Investments.

428

EQ ADVISORS TRUST

EQ/QUALITY BOND PLUS PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Principal
Amount		    Value
(Note 1)

6.625%, 3/17/39

    $ 200,000    $ 230,788

Walgreen Co.

      

4.875%, 8/1/13

      300,000      326,598

Wal-Mart Stores, Inc.

      

4.250%, 4/15/13

      1,930,000      2,059,820

4.550%, 5/1/13

      600,000      645,139

5.800%, 2/15/18

      500,000      558,001

7.550%, 2/15/30

      500,000      617,985

6.500%, 8/15/37

      1,050,000      1,164,039

6.200%, 4/15/38

      150,000      161,535
         
        13,192,420
         

Food Products (0.6%)

      

Archer-Daniels-Midland Co.

      

5.375%, 9/15/35^

      500,000      481,541

Bunge Ltd. Finance Corp.

      

5.875%, 5/15/13

      2,210,000      2,354,046

5.100%, 7/15/15

      705,000      724,240

Cadbury Schweppes U.S. Finance LLC

      

5.125%, 10/1/13§

      1,705,000      1,805,708

Campbell Soup Co.

      

6.750%, 2/15/11

      1,130,000      1,191,074

3.375%, 8/15/14

      200,000      205,428

4.500%, 2/15/19

      500,000      508,754

ConAgra Foods, Inc.

      

6.750%, 9/15/11

      800,000      859,664

8.250%, 9/15/30

      100,000      122,633

General Mills, Inc.

      

5.650%, 9/10/12

      300,000      327,028

5.650%, 2/15/19

      500,000      536,308

H.J. Heinz Co.

      

5.350%, 7/15/13

      600,000      650,612

Kellogg Co.

      

4.250%, 3/6/13

      300,000      316,934

4.450%, 5/30/16

      750,000      796,567

Kraft Foods, Inc.

      

6.250%, 6/1/12

      3,835,000      4,196,924

5.250%, 10/1/13

      1,965,000      2,126,099

4.125%, 2/9/16

      150,000      151,996

6.125%, 2/1/18

      800,000      875,512

5.375%, 2/10/20

      300,000      304,907

6.875%, 2/1/38

      300,000      324,549

6.500%, 2/9/40

      500,000      518,140

Ralcorp Holdings, Inc.

      

6.625%, 8/15/39§

      200,000      198,825

Sara Lee Corp.

      

6.125%, 11/1/32

      100,000      98,256
         
        19,675,745
         

Household Products (0.2%)

      

Clorox Co.

      

5.000%, 3/1/13

      1,000,000      1,081,787

3.550%, 11/1/15

      100,000      101,345

Colgate-Palmolive Co.

      

3.150%, 8/5/15

      60,000      60,590

Kimberly-Clark Corp.

      

6.125%, 8/1/17

      300,000      338,016

6.625%, 8/1/37

      300,000      342,274

Procter & Gamble Co.

      

4.600%, 1/15/14

      1,000,000      1,074,431

4.850%, 12/15/15

      300,000      328,944

4.700%, 2/15/19

      2,051,000      2,103,385

5.550%, 3/5/37

      500,000      505,575
         
        5,936,347
         

Personal Products (0.0%)

      

Avon Products, Inc.

      

6.500%, 3/1/19

    $ 1,905,000    $ 2,140,220

Tobacco (0.2%)

      

Altria Group, Inc.

      

9.700%, 11/10/18

      1,775,000      2,182,592

9.250%, 8/6/19

      1,000,000      1,215,132

9.950%, 11/10/38

      350,000      459,607

Lorillard Tobacco Co.

      

8.125%, 6/23/19^

      155,000      170,763

Philip Morris International, Inc.

      

4.875%, 5/16/13

      500,000      537,055

5.650%, 5/16/18

      300,000      323,002

6.375%, 5/16/38

      350,000      380,803

Reynolds American, Inc.

      

7.250%, 6/1/13

      300,000      333,586

7.625%, 6/1/16^

      755,000      848,318
         
        6,450,858
         

Total Consumer Staples

         65,637,793
         

Energy (2.3%)

      

Energy Equipment & Services (0.2%)

      

Baker Hughes, Inc.

      

6.500%, 11/15/13

      1,010,000      1,154,863

Diamond Offshore Drilling, Inc.

      

5.875%, 5/1/19

      65,000      70,585

Halliburton Co.

      

6.150%, 9/15/19

      250,000      280,213

6.700%, 9/15/38

      500,000      557,035

7.450%, 9/15/39

      250,000      305,025

Rowan Cos., Inc.

      

7.875%, 8/1/19

      130,000      148,891

Transocean, Inc.

      

6.000%, 3/15/18^

      100,000      108,855

6.800%, 3/15/38

      250,000      280,723

Weatherford International Ltd.

      

5.150%, 3/15/13

      520,000      552,540

6.000%, 3/15/18

      300,000      313,306

9.625%, 3/1/19

      1,825,000      2,309,295

7.000%, 3/15/38

      500,000      528,649
         
        6,609,980
         

Oil, Gas & Consumable Fuels (2.1%)

      

Anadarko Petroleum Corp.

      

5.950%, 9/15/16

      2,971,000      3,236,818

6.450%, 9/15/36

      1,470,000      1,498,136

Apache Corp.

      

5.250%, 4/15/13

      895,000      973,818

6.000%, 1/15/37

      300,000      315,655

Buckeye Partners LP

      

5.500%, 8/15/19

      150,000      151,849

Canadian Natural Resources Ltd.

      

5.150%, 2/1/13

      435,000      467,052

5.700%, 5/15/17

      500,000      533,530

6.250%, 3/15/38

      300,000      310,214

Cenovus Energy, Inc.

      

4.500%, 9/15/14§

      500,000      521,649

5.700%, 10/15/19§

      300,000      315,453

6.750%, 11/15/39§

      400,000      433,826

Chevron Corp.

      

4.950%, 3/3/19

      500,000      528,373

Conoco Funding Co.

      

6.350%, 10/15/11

      1,300,000      1,402,328

Conoco, Inc.

      

6.950%, 4/15/29

      750,000      860,853

 

See Notes to Portfolio of Investments.

429

EQ ADVISORS TRUST

EQ/QUALITY BOND PLUS PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Principal
Amount		    Value
(Note 1)

ConocoPhillips

      

6.000%, 1/15/20

    $ 500,000    $ 555,404

5.900%, 5/15/38

      100,000      103,207

6.500%, 2/1/39

      625,000      698,161

ConocoPhillips Canada Funding Co. I

      

5.625%, 10/15/16

      600,000      667,902

Devon Financing Corp. ULC

      

7.875%, 9/30/31

      600,000      744,944

Ecopetrol SA

      

7.625%, 7/23/19

      779,000      864,690

Enbridge Energy Partners LP

      

Series B

      

7.500%, 4/15/38

      500,000      585,362

EnCana Corp.

      

5.900%, 12/1/17

      100,000      108,212

6.500%, 5/15/19

      625,000      697,094

6.625%, 8/15/37

      100,000      107,395

6.500%, 2/1/38

      500,000      532,366

Energy Transfer Partners LP

      

6.700%, 7/1/18

      1,278,000      1,396,026

9.700%, 3/15/19

      500,000      632,879

7.500%, 7/1/38

      2,752,000      3,082,196

Enterprise Products Operating LLC

      

9.750%, 1/31/14

      500,000      607,148

5.600%, 10/15/14

      505,000      546,603

Series L

      

6.300%, 9/15/17

      500,000      549,240

EOG Resources, Inc.

      

6.875%, 10/1/18

      100,000      115,205

5.625%, 6/1/19

      125,000      134,156

Gaz Capital S.A. for Gazprom

      

6.212%, 11/22/16

      5,345,000      5,505,884

Hess Corp.

      

8.125%, 2/15/19

      923,000      1,125,091

7.875%, 10/1/29

      895,000      1,072,354

Husky Energy, Inc.

      

5.900%, 6/15/14

      105,000      114,270

7.250%, 12/15/19

      65,000      75,289

Kinder Morgan Energy Partners LP

      

5.950%, 2/15/18

      300,000      321,763

9.000%, 2/1/19

      1,000,000      1,247,702

6.850%, 2/15/20

      30,000      33,655

5.800%, 3/15/35

      300,000      281,961

Magellan Midstream Partners LP

      

6.550%, 7/15/19

      125,000      138,445

Marathon Oil Corp.

      

5.900%, 3/15/18

      750,000      800,117

7.500%, 2/15/19

      1,270,000      1,491,747

6.600%, 10/1/37

      100,000      104,973

Nabors Industries, Inc.

      

9.250%, 1/15/19

      2,520,000      3,134,575

Nexen, Inc.

      

6.200%, 7/30/19^

      80,000      86,252

6.400%, 5/15/37

      300,000      302,407

7.500%, 7/30/39

      145,000      165,399

Noble Energy, Inc.

      

8.250%, 3/1/19

      1,873,000      2,268,398

Occidental Petroleum Corp.

      

7.000%, 11/1/13

      500,000      579,172

4.125%, 6/1/16

      250,000      257,572

ONEOK Partners LP

      

8.625%, 3/1/19

      500,000      617,423

Pemex Project Funding Master Trust

      

5.750%, 3/1/18

      1,000,000      1,029,145

6.625%, 6/15/35^

      300,000      295,556

Petrobras International Finance Co.

      

6.125%, 10/6/16

    $ 500,000    $ 538,613

5.875%, 3/1/18^

      300,000      313,305

7.875%, 3/15/19

      300,000      350,867

5.750%, 1/20/20^

      4,940,000      5,060,986

Petro-Canada, Inc.

      

9.250%, 10/15/21

      300,000      388,983

6.800%, 5/15/38

      500,000      534,975

Petroleos Mexicanos

      

6.000%, 3/5/20§

      120,000      123,000

Petronas Capital Ltd.

      

5.250%, 8/12/19^§

      2,555,000      2,590,065

Plains All American Pipeline LP

      

6.500%, 5/1/18

      500,000      544,776

6.650%, 1/15/37

      100,000      103,694

Shell International Finance B.V.

      

1.300%, 9/22/11

      500,000      502,504

4.950%, 3/22/12

      100,000      107,299

1.875%, 3/25/13

      175,000      174,828

4.000%, 3/21/14

      500,000      526,164

4.300%, 9/22/19

      700,000      690,199

4.375%, 3/25/20

      150,000      148,707

6.375%, 12/15/38

      500,000      550,603

Spectra Energy Capital LLC

      

6.200%, 4/15/18

      500,000      539,185

Statoil ASA

      

3.875%, 4/15/14

      250,000      260,646

5.250%, 4/15/19

      105,000      109,654

7.150%, 1/15/29

      100,000      115,722

Suncor Energy, Inc.

      

7.150%, 2/1/32

      100,000      110,411

6.500%, 6/15/38

      250,000      260,691

Talisman Energy, Inc.

      

7.750%, 6/1/19

      90,000      107,240

6.250%, 2/1/38

      150,000      152,635

Tesoro Corp.

      

6.500%, 6/1/17

      1,045,000      961,400

Trans-Canada Pipelines Ltd.

      

7.125%, 1/15/19

      1,000,000      1,171,614

7.250%, 8/15/38

      600,000      699,998

6.350%, 5/15/67(l)

      1,690,000      1,608,026

Valero Energy Corp.

      

6.875%, 4/15/12

      4,330,000      4,692,322

4.750%, 6/15/13

      100,000      103,328

4.500%, 2/1/15

      45,000      45,082

9.375%, 3/15/19

      150,000      178,580

6.125%, 2/1/20

      613,000      613,155

6.625%, 6/15/37

      100,000      95,106

Williams Cos., Inc.

      

7.750%, 6/15/31

      1,090,000      1,222,788

8.750%, 3/15/32

      445,000      542,161

Williams Partners LP/Williams Partners Finance Corp.

   

7.250%, 2/1/17

      475,000      542,253

XTO Energy, Inc.

      

7.500%, 4/15/12

      300,000      336,102

6.500%, 12/15/18

      600,000      692,488

6.750%, 8/1/37

      600,000      702,481
         
        74,439,530
         

Total Energy

         81,049,510
         

Financials (10.6%)

      

Capital Markets (2.2%)

      

Bank of New York Mellon Corp.

      

4.950%, 11/1/12

      600,000      650,517

 

See Notes to Portfolio of Investments.

430

EQ ADVISORS TRUST

EQ/QUALITY BOND PLUS PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Principal
Amount		    Value
(Note 1)

5.125%, 8/27/13

    $ 750,000    $ 818,480

4.300%, 5/15/14

      145,000      152,641

Bear Stearns Cos. LLC

      

5.700%, 11/15/14

      300,000      326,703

5.550%, 1/22/17

      1,705,000      1,771,227

6.400%, 10/2/17

      1,500,000      1,657,074

BlackRock, Inc.

      

3.500%, 12/10/14^

      250,000      253,071

5.000%, 12/10/19

      250,000      250,257

Charles Schwab Corp.

      

4.950%, 6/1/14

      50,000      53,311

Citigroup Funding, Inc.

      

0.169%, 5/5/11(l)

      13,740,000      13,739,093

Deutsche Bank AG/London

      

5.000%, 10/12/10

      1,190,000      1,217,744

5.375%, 10/12/12

      1,100,000      1,197,071

2.375%, 1/11/13

      500,000      500,848

4.875%, 5/20/13

      600,000      642,975

3.450%, 3/30/15

      3,000,000      2,980,977

6.000%, 9/1/17

      500,000      548,222

Goldman Sachs Capital I

      

6.345%, 2/15/34

      500,000      461,678

Goldman Sachs Group, Inc.

      

6.600%, 1/15/12

      600,000      651,028

3.250%, 6/15/12

      2,000,000      2,085,392

3.625%, 8/1/12

      285,000      295,144

5.450%, 11/1/12

      1,000,000      1,081,002

4.750%, 7/15/13

      2,070,000      2,188,388

5.250%, 10/15/13

      1,200,000      1,289,911

5.150%, 1/15/14

      1,300,000      1,378,852

6.000%, 5/1/14

      2,170,000      2,376,115

5.125%, 1/15/15

      1,295,000      1,365,995

5.350%, 1/15/16

      2,000,000      2,106,846

5.950%, 1/18/18

      1,300,000      1,363,893

7.500%, 2/15/19

      2,885,000      3,296,975

6.125%, 2/15/33^

      300,000      296,519

6.750%, 10/1/37

      1,600,000      1,597,990

Jefferies Group, Inc.

      

8.500%, 7/15/19

      500,000      554,672

Merrill Lynch & Co., Inc.

      

5.450%, 2/5/13

      2,000,000      2,116,018

6.150%, 4/25/13

      600,000      646,021

6.050%, 5/16/16

      1,448,000      1,476,456

6.400%, 8/28/17

      1,070,000      1,127,701

6.875%, 4/25/18

      900,000      969,902

7.750%, 5/14/38

      1,300,000      1,441,013

Morgan Stanley

      

5.050%, 1/21/11

      1,580,000      1,631,102

6.750%, 4/15/11

      3,595,000      3,795,055

3.250%, 12/1/11

      2,000,000      2,073,596

5.625%, 1/9/12

      1,260,000      1,334,549

1.950%, 6/20/12

      1,000,000      1,015,093

5.750%, 8/31/12

      500,000      536,441

5.300%, 3/1/13

      600,000      638,541

4.750%, 4/1/14

      1,800,000      1,837,939

6.000%, 5/13/14

      200,000      216,027

5.375%, 10/15/15

      500,000      519,323

5.450%, 1/9/17

      600,000      608,344

5.950%, 12/28/17

      600,000      616,422

6.625%, 4/1/18

      2,125,000      2,266,480

7.300%, 5/13/19

      200,000      220,962

5.625%, 9/23/19

      1,500,000      1,494,711

7.250%, 4/1/32

      500,000      569,102

Nomura Holdings, Inc.

      

5.000%, 3/4/15

      255,000      260,665

6.700%, 3/4/20

    $ 282,000    $ 292,663

Northern Trust Corp.

      

4.625%, 5/1/14^

      65,000      69,130

Raymond James Financial, Inc.

      

8.600%, 8/15/19

      200,000      228,578
         
        77,152,445
         

Commercial Banks (2.9%)

      

ABN Amro Bank N.V.

      

4.310%, 3/29/49(l)

    EUR  525,000      478,637

American Express Bank FSB

      

3.150%, 12/9/11

    $ 1,000,000      1,036,559

5.500%, 4/16/13

      1,200,000      1,285,170

ANZ National International Ltd./New Zealand

      

6.200%, 7/19/13§

      2,065,000      2,275,723

Bank of Nova Scotia

      

2.250%, 1/22/13

      275,000      277,537

3.400%, 1/22/15

      350,000      352,302

Bank of Tokyo-Mitsubishi UFJ Ltd./New York

      

7.400%, 6/15/11

      295,000      315,089

BankAmerica Capital II
Series 2

      

8.000%, 12/15/26

      691,000      694,455

Barclays Bank plc

      

5.450%, 9/12/12

      1,622,000      1,748,500

5.000%, 9/22/16

      1,000,000      1,027,870

6.750%, 5/22/19

      300,000      331,888

8.550%, 12/31/49(l)§

      1,255,000      1,261,275

BB&T Corp.

      

3.375%, 9/25/13

      300,000      306,196

4.900%, 6/30/17

      1,000,000      994,072

Citibank N.A.

      

1.500%, 7/12/11

      2,000,000      2,018,632

1.250%, 9/22/11

      350,000      352,279

Commerzbank Capital Funding Trust I

      

5.012%, 3/29/49

    EUR  250,000      200,065

Compass Bank

      

5.500%, 4/1/20

    $ 1,769,000      1,636,813

Credit Suisse AG

      

5.400%, 1/14/20

      250,000      251,954

Credit Suisse AG/New York

      

3.450%, 7/2/12

      400,000      414,076

5.000%, 5/15/13

      2,000,000      2,149,554

5.500%, 5/1/14

      500,000      544,216

6.000%, 2/15/18

      600,000      635,269

5.300%, 8/13/19

      500,000      512,723

Fifth Third Bancorp

      

6.250%, 5/1/13

      1,000,000      1,075,441

GMAC, Inc.

      

1.750%, 10/30/12

      600,000      603,471

2.200%, 12/19/12

      1,000,000      1,015,027

HSBC Bank USA/New York

      

4.625%, 4/1/14

      600,000      626,031

HSBC Holdings plc

      

6.500%, 5/2/36

      600,000      618,285

6.500%, 9/15/37

      1,250,000      1,295,727

6.800%, 6/1/38

      350,000      375,315

JPMorgan Chase Bank N.A.

      

6.000%, 10/1/17

      600,000      639,697

KeyBank N.A.

      

5.800%, 7/1/14

      300,000      306,822

KeyCorp

      

6.500%, 5/14/13

      750,000      800,932

Korea Development Bank

      

4.625%, 9/16/10

      900,000      910,942

 

See Notes to Portfolio of Investments.

431

EQ ADVISORS TRUST

EQ/QUALITY BOND PLUS PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Principal
Amount		    Value
(Note 1)

4.375%, 8/10/15

    $ 115,000    $ 116,720

Kreditanstalt fuer Wiederaufbau

      

3.750%, 6/27/11

      2,000,000      2,073,160

3.250%, 10/14/11

      600,000      620,768

4.000%, 10/15/13

      1,100,000      1,167,606

3.500%, 3/10/14

      2,000,000      2,081,282

4.125%, 10/15/14

      1,000,000      1,049,191

5.125%, 3/14/16

      1,030,000      1,132,354

4.500%, 7/16/18

      1,600,000      1,682,310

4.000%, 1/27/20

      1,500,000      1,494,749

(Zero Coupon), 6/29/37

      1,000,000      245,120

Landwirtschaftliche Rentenbank

      

3.250%, 3/15/13

      927,000      961,310

4.125%, 7/15/13

      600,000      638,656

5.125%, 2/1/17

      1,495,000      1,630,755

M&I Marshall & Ilsley Bank

      

5.000%, 1/17/17

      1,310,000      1,141,496

National Australia Bank Ltd.

      

3.750%, 3/2/15§

      1,975,000      1,982,864

National Capital Trust II

      

5.486%, 12/29/49(l)§

      590,000      538,156

National City Bank/Ohio

      

6.250%, 3/15/11

      1,535,000      1,593,372

6.200%, 12/15/11

      755,000      813,725

National City Corp.

      

4.900%, 1/15/15

      750,000      783,421

PNC Funding Corp.

      

5.625%, 2/1/17

      750,000      773,875

5.125%, 2/8/20

      100,000      100,734

Regions Bank/Alabama

      

3.250%, 12/9/11

      1,000,000      1,037,197

Regions Financial Corp.

      

6.375%, 5/15/12

      915,000      917,824

7.750%, 11/10/14

      200,000      210,428

Royal Bank of Scotland Group plc

      

1.450%, 10/20/11§

      8,096,000      8,131,201

2.625%, 5/11/12§

      4,365,000      4,456,517

5.000%, 10/1/14

      600,000      574,202

6.400%, 10/21/19

      375,000      374,906

RSHB Capital S.A. (Russian Agricultural Bank OJSC)

   

7.750%, 5/29/18§

      4,319,000      4,847,646

SouthTrust Corp.

      

5.800%, 6/15/14

      1,195,000      1,267,217

Sovereign Bank

      

8.750%, 5/30/18

      500,000      560,730

Standard Chartered plc

      

6.409%, 12/31/49(l)§

      1,710,000      1,561,355

SunTrust Bank/Georgia

      

7.250%, 3/15/18

      500,000      534,673

SunTrust Banks, Inc./Georgia

      

5.450%, 12/1/17

      300,000      290,271

U.S. Bancorp

      

4.200%, 5/15/14

      250,000      262,298

U.S. Bank N.A./Ohio

      

6.375%, 8/1/11

      1,600,000      1,703,621

UBS AG/Connecticut

      

3.875%, 1/15/15

      500,000      493,266

5.875%, 12/20/17

      1,000,000      1,035,663

5.750%, 4/25/18

      600,000      614,592

UFJ Finance Aruba AEC

      

6.750%, 7/15/13

      755,000      846,368

Union Planters Corp.

      

7.750%, 3/1/11

      778,000      790,335

USB Capital XIII Trust

      

6.625%, 12/15/39

      100,000      101,226

Wachovia Bank N.A.

      

4.875%, 2/1/15

    $ 600,000    $ 622,141

6.600%, 1/15/38

      1,500,000      1,543,308

Wachovia Corp.

      

5.300%, 10/15/11

      1,100,000      1,163,845

5.500%, 5/1/13

      1,840,000      1,987,139

5.250%, 8/1/14

      1,000,000      1,050,387

5.750%, 2/1/18

      1,100,000      1,169,380

5.500%, 8/1/35

      500,000      439,000

Wells Fargo & Co.

      

3.000%, 12/9/11

      750,000      774,411

4.375%, 1/31/13

      1,000,000      1,055,344

3.750%, 10/1/14

      800,000      809,691

5.625%, 12/11/17

      4,460,000      4,731,462

Wells Fargo Capital XIII

      

7.700%, 12/29/49(l)

      500,000      516,250

Westpac Banking Corp.

      

2.250%, 11/19/12

      250,000      251,750

4.875%, 11/19/19

      250,000      248,320
         
        98,964,132
         

Consumer Finance (0.6%)

      

American Express Co.

      

7.250%, 5/20/14

      1,925,000      2,181,539

6.150%, 8/28/17

      800,000      863,544

7.000%, 3/19/18

      500,000      567,896

8.125%, 5/20/19

      2,255,000      2,731,254

American Express Credit Corp.

      

5.875%, 5/2/13

      300,000      324,969

7.300%, 8/20/13

      1,250,000      1,403,016

Capital One Financial Corp.

      

7.375%, 5/23/14

      1,125,000      1,285,573

6.150%, 9/1/16

      100,000      103,747

6.750%, 9/15/17

      500,000      552,507

HSBC Finance Corp.

      

6.375%, 10/15/11

      1,000,000      1,063,983

7.000%, 5/15/12

      660,000      719,750

6.375%, 11/27/12

      600,000      657,120

5.000%, 6/30/15

      600,000      624,831

5.500%, 1/19/16

      500,000      525,227

International Lease Finance Corp.

      

5.650%, 6/1/14^

      168,000      155,704

Nissan Motor Acceptance Corp.

      

4.500%, 1/30/15^§

      1,917,000      1,921,829

PACCAR Financial Corp.

      

1.950%, 12/17/12

      100,000      99,787

SLM Corp.

      

5.400%, 10/25/11

      1,061,000      1,070,954

5.375%, 1/15/13

      1,565,000      1,545,668

5.000%, 10/1/13

      1,000,000      955,359

5.375%, 5/15/14

      1,260,000      1,193,458

8.450%, 6/15/18

      100,000      101,136

8.000%, 3/25/20

      250,000      243,440
         
        20,892,291
         

Diversified Financial Services (3.2%)

      

Allstate Life Global Funding Trusts

      

5.375%, 4/30/13

      600,000      653,609

Ameriprise Financial, Inc.

      

7.300%, 6/28/19

      45,000      52,139

Bank of America Corp.

      

2.100%, 4/30/12

      1,000,000      1,018,415

3.125%, 6/15/12

      2,500,000      2,597,800

5.375%, 9/11/12

      2,895,000      3,074,733

4.900%, 5/1/13

      2,200,000      2,301,592

7.375%, 5/15/14

      1,465,000      1,647,453

 

See Notes to Portfolio of Investments.

432

EQ ADVISORS TRUST

EQ/QUALITY BOND PLUS PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Principal
Amount		    Value
(Note 1)

6.500%, 8/1/16

    $ 700,000    $ 756,696

5.625%, 10/14/16

      1,300,000      1,345,969

5.650%, 5/1/18

      1,500,000      1,517,505

7.625%, 6/1/19^

      3,635,000      4,157,942

7.250%, 10/15/25

      100,000      103,204

Bank of America N.A.

      

5.300%, 3/15/17

      300,000      296,970

Bear Stearns Cos. LLC

      

5.350%, 2/1/12

      600,000      641,314

Boeing Capital Corp.

      

6.500%, 2/15/12

      300,000      327,732

BP Capital Markets plc

      

1.550%, 8/11/11

      300,000      302,953

5.250%, 11/7/13

      1,000,000      1,100,425

3.625%, 5/8/14

      200,000      207,467

3.875%, 3/10/15

      350,000      363,502

4.750%, 3/10/19

      250,000      256,985

Capital One Capital VI

      

8.875%, 5/15/40

      136,000      148,211

Caterpillar Financial Services Corp.

      

1.900%, 12/17/12

      65,000      65,446

2.000%, 4/5/13

      100,000      99,829

4.900%, 8/15/13

      300,000      323,974

6.125%, 2/17/14

      500,000      563,472

7.150%, 2/15/19

      750,000      882,822

Citigroup Funding, Inc.

      

1.875%, 10/22/12

      500,000      503,989

Citigroup, Inc.

      

2.875%, 12/9/11

      1,500,000      1,547,746

2.125%, 4/30/12

      2,000,000      2,036,612

5.300%, 10/17/12

      1,000,000      1,050,297

5.500%, 4/11/13

      4,600,000      4,833,593

6.500%, 8/19/13

      990,000      1,067,232

5.000%, 9/15/14

      1,050,000      1,048,521

5.500%, 10/15/14

      1,200,000      1,241,887

5.850%, 8/2/16

      600,000      615,332

6.125%, 11/21/17^

      750,000      771,503

6.125%, 5/15/18^

      1,025,000      1,047,334

8.500%, 5/22/19

      3,600,000      4,201,870

6.125%, 8/25/36

      500,000      436,318

6.875%, 3/5/38

      1,000,000      1,010,496

8.125%, 7/15/39

      1,060,000      1,223,667

Countrywide Home Loans, Inc.

      

4.000%, 3/22/11

      24,000      24,674

Credit Suisse USA, Inc.

      

6.500%, 1/15/12

      300,000      326,180

5.500%, 8/15/13^

      372,000      407,026

5.850%, 8/16/16

      1,000,000      1,082,157

Equifax, Inc.

      

4.450%, 12/1/14

      100,000      102,898

General Electric Capital Corp.

      

5.000%, 11/15/11

      1,000,000      1,055,462

4.375%, 11/21/11

      1,980,000      2,070,042

3.000%, 12/9/11

      1,500,000      1,550,093

5.875%, 2/15/12

      1,300,000      1,397,406

2.200%, 6/8/12

      1,000,000      1,018,561

6.000%, 6/15/12

      1,000,000      1,083,815

5.250%, 10/19/12

      1,300,000      1,395,603

2.625%, 12/28/12

      2,000,000      2,053,816

4.800%, 5/1/13

      2,490,000      2,646,198

5.900%, 5/13/14

      1,250,000      1,375,308

4.375%, 9/21/15

      1,000,000      1,031,109

5.625%, 5/1/18

      4,165,000      4,352,475

6.750%, 3/15/32

      1,200,000      1,269,576

5.875%, 1/14/38

      1,000,000      950,749

6.875%, 1/10/39^

    $ 1,500,000    $ 1,617,915

Harley-Davidson Funding Corp.

      

5.750%, 12/15/14§

      1,110,000      1,131,334

John Deere Capital Corp.

      

7.000%, 3/15/12

      1,100,000      1,216,677

2.875%, 6/19/12

      750,000      776,016

5.250%, 10/1/12

      2,290,000      2,486,235

5.500%, 4/13/17

      300,000      323,598

5.750%, 9/10/18

      300,000      327,660

JPMorgan Chase & Co.

      

6.750%, 2/1/11

      1,975,000      2,070,643

5.600%, 6/1/11

      1,000,000      1,053,107

3.125%, 12/1/11

      1,500,000      1,552,131

6.625%, 3/15/12

      1,300,000      1,413,204

2.125%, 6/22/12

      1,500,000      1,528,325

4.750%, 5/1/13

      600,000      639,530

4.650%, 6/1/14

      250,000      264,165

5.125%, 9/15/14

      1,000,000      1,056,400

3.700%, 1/20/15

      1,200,000      1,207,391

6.000%, 1/15/18

      1,000,000      1,085,702

6.300%, 4/23/19

      3,025,000      3,338,257

6.400%, 5/15/38

      600,000      647,825

7.900%, 4/29/49(l)

      705,000      751,601

LBG Capital No.1 plc

      

8.000%, 12/31/49(l)

      2,665,000      2,305,225

MUFG Capital Finance I Ltd.

      

6.346%, 7/29/49(l)

      1,000,000      991,547

NASDAQ OMX Group, Inc.

      

4.000%, 1/15/15

      250,000      248,806

5.550%, 1/15/20

      100,000      99,447

National Rural Utilities Cooperative Finance Corp.

   

5.450%, 2/1/18

      100,000      105,637

8.000%, 3/1/32

      600,000      714,835

Nationwide Building Society

      

6.250%, 2/25/20§

      2,645,000      2,696,921

Noble Group Ltd.

      

6.750%, 1/29/20§

      2,585,000      2,672,244

Private Export Funding Corp.

      

4.950%, 11/15/15

      100,000      108,839

4.300%, 12/15/21

      100,000      94,260

Teco Finance, Inc.

      

4.000%, 3/15/16

      660,000      650,380

5.150%, 3/15/20

      775,000      765,314

Textron Financial Corp.

      

4.600%, 5/3/10

      167,000      166,989

5.400%, 4/28/13

      325,000      333,931

TransCapitalInvest Ltd. for OJSC AK Transneft

   

8.700%, 8/7/18

      2,260,000      2,700,700

Unilever Capital Corp.

      

4.800%, 2/15/19

      500,000      515,515
         
        112,296,010
         

Insurance (1.2%)

      

ACE INA Holdings, Inc.

      

5.900%, 6/15/19

      50,000      54,501

Aflac, Inc.

      

8.500%, 5/15/19

      150,000      180,608

Allied World Assurance Co. Holdings Ltd.

      

7.500%, 8/1/16

      2,145,000      2,322,211

Allstate Corp.

      

6.200%, 5/16/14

      250,000      278,269

7.450%, 5/16/19

      250,000      293,365

American Financial Group, Inc./Ohio

      

9.875%, 6/15/19

      100,000      117,900

 

See Notes to Portfolio of Investments.

433

EQ ADVISORS TRUST

EQ/QUALITY BOND PLUS PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Principal
Amount		    Value
(Note 1)

American International Group, Inc.

      

5.050%, 10/1/15

    $ 800,000    $ 742,947

5.850%, 1/16/18

      600,000      557,500

8.250%, 8/15/18

      900,000      944,352

Assurant, Inc.

      

5.625%, 2/15/14

      495,000      513,966

Berkshire Hathaway Finance Corp.

      

4.000%, 4/15/12

      250,000      263,217

5.000%, 8/15/13

      1,000,000      1,092,079

5.400%, 5/15/18

      1,000,000      1,063,237

5.750%, 1/15/40

      100,000      98,923

Chubb Corp.

      

5.750%, 5/15/18^

      600,000      648,712

CNA Financial Corp.

      

7.350%, 11/15/19

      45,000      47,031

Genworth Financial, Inc.

      

6.515%, 5/22/18

      3,335,000      3,285,375

Guardian Life Insurance Co. of America

      

7.375%, 9/30/39§

      1,255,000      1,343,800

Hartford Financial Services Group, Inc.

      

4.000%, 3/30/15

      525,000      520,097

5.500%, 3/30/20

      1,446,000      1,424,177

Liberty Mutual Group, Inc.

      

5.750%, 3/15/14^§

      840,000      879,232

Lincoln National Corp.

      

8.750%, 7/1/19

      760,000      929,307

6.250%, 2/15/20

      50,000      52,136

Markel Corp.

      

7.125%, 9/30/19

      200,000      214,997

Marsh & McLennan Cos., Inc.

      

5.375%, 7/15/14

      600,000      620,639

Massachusetts Mutual Life Insurance Co.

   

8.875%, 6/1/39§

      1,115,000      1,420,327

MetLife, Inc.

      

5.000%, 6/15/15

      600,000      629,139

7.717%, 2/15/19

      1,648,000      1,924,307

5.700%, 6/15/35

      300,000      287,744

6.400%, 12/15/36

      500,000      447,500

10.750%, 8/1/39

      835,000      1,076,275

Nationwide Mutual Insurance Co.

      

9.375%, 8/15/39§

      1,975,000      2,250,378

PartnerRe Finance B LLC

      

5.500%, 6/1/20

      150,000      148,575

Principal Financial Group, Inc.

      

7.875%, 5/15/14

      1,600,000      1,810,554

Principal Life Income Funding Trusts

      

5.300%, 4/24/13

      300,000      322,038

Prudential Financial, Inc.

      

2.750%, 1/14/13

      100,000      100,122

5.150%, 1/15/13

      2,180,000      2,313,067

5.100%, 9/20/14

      300,000      316,869

3.875%, 1/14/15

      135,000      134,746

6.200%, 1/15/15

      310,000      338,403

6.000%, 12/1/17

      276,000      292,102

7.375%, 6/15/19

      765,000      877,293

5.700%, 12/14/36

      200,000      189,503

8.875%, 6/15/38(l)

      1,015,000      1,139,338

Reinsurance Group of America, Inc.

      

6.450%, 11/15/19

      100,000      104,493

Swiss Reinsurance Solutions Holding Corp.

   

7.000%, 2/15/26

      3,435,000      3,481,554

Transatlantic Holdings, Inc.

      

8.000%, 11/30/39

      100,000      102,201

Travelers Cos., Inc.

      

6.750%, 6/20/36

      700,000      766,641

XL Capital Ltd.

      

5.250%, 9/15/14

    $ 1,250,000    $ 1,292,175

Series E

      

6.500%, 12/31/49(l)

      1,440,000      1,224,000
         
        41,477,922
         

Real Estate Investment Trusts (REITs) (0.5%)

      

AvalonBay Communities, Inc.

      

5.700%, 3/15/17

      200,000      210,816

6.100%, 3/15/20

      200,000      212,592

ERP Operating LP

      

5.250%, 9/15/14

      1,615,000      1,690,973

5.125%, 3/15/16

      600,000      617,031

HCP, Inc.

      

5.650%, 12/15/13

      2,245,000      2,346,718

6.000%, 1/30/17

      1,965,000      1,957,266

Health Care REIT, Inc.

      

6.200%, 6/1/16

      2,925,000      3,115,514

Healthcare Realty Trust, Inc.

      

5.125%, 4/1/14

      2,802,000      2,736,500

6.500%, 1/17/17

      100,000      102,592

Hospitality Properties Trust

      

7.875%, 8/15/14

      250,000      268,482

Kimco Realty Corp.

      

6.875%, 10/1/19

      200,000      210,740

Mack-Cali Realty LP

      

7.750%, 8/15/19

      200,000      220,544

ProLogis

      

7.625%, 8/15/14

      175,000      191,344

5.625%, 11/15/15

      800,000      793,156

6.250%, 3/15/17

      75,000      73,833

7.375%, 10/30/19

      100,000      102,652

6.875%, 3/15/20

      105,000      103,712

Simon Property Group LP

      

6.750%, 5/15/14^

      105,000      114,877

5.625%, 8/15/14

      1,520,000      1,611,571

4.200%, 2/1/15

      90,000      90,228

5.250%, 12/1/16

      300,000      297,296

5.650%, 2/1/20

      250,000      243,911

6.750%, 2/1/40

      100,000      99,476

Ventas Realty LP/Ventas Capital Corp.

      

7.125%, 6/1/15

      509,000      528,210

6.750%, 4/1/17

      480,000      492,815
         
        18,432,849
         

Specialized Finance (0.0%)

      

Toll Brothers Finance Corp.

      

6.875%, 11/15/12

      47,000      50,533

5.150%, 5/15/15

      165,000      164,650
         
        215,183
         

Thrifts & Mortgage Finance (0.0%)

      

Countrywide Financial Corp.

      

6.250%, 5/15/16

      756,000      776,179

Western Corporate Federal Credit Union

      

1.750%, 11/2/12

      300,000      300,865
         
        1,077,044
         

Total Financials

         370,507,876
         

Health Care (1.4%)

      

Biotechnology (0.0%)

      

Amgen, Inc.

      

4.850%, 11/18/14

      300,000      325,639

5.700%, 2/1/19

      500,000      547,820

4.500%, 3/15/20

      50,000      49,919

6.400%, 2/1/39

      500,000      540,238

 

See Notes to Portfolio of Investments.

434

EQ ADVISORS TRUST

EQ/QUALITY BOND PLUS PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Principal
Amount		    Value
(Note 1)

5.750%, 3/15/40

    $ 55,000    $ 54,455

Genentech, Inc.

      

5.250%, 7/15/35

      300,000      281,248
         
        1,799,319
         

Health Care Equipment & Supplies (0.1%)

      

Baxter FinCo B.V.

      

4.750%, 10/15/10

      1,791,000      1,832,660

Baxter International, Inc.

      

1.800%, 3/15/13

      40,000      39,915

4.625%, 3/15/15

      300,000      320,665

4.250%, 3/15/20

      100,000      98,958

6.250%, 12/1/37

      100,000      108,780

Covidien International Finance S.A.

      

6.000%, 10/15/17

      600,000      657,987

Hospira, Inc.

      

6.400%, 5/15/15

      45,000      49,907

Mead Johnson Nutrition Co.

      

3.500%, 11/1/14§

      100,000      99,123

4.900%, 11/1/19§

      150,000      148,865

5.900%, 11/1/39§

      100,000      97,404

Stryker Corp.

      

3.000%, 1/15/15

      100,000      99,953

4.375%, 1/15/20

      100,000      99,170
         
        3,653,387
         

Health Care Providers & Services (0.5%)

      

Aetna, Inc.

      

6.000%, 6/15/16

      1,080,000      1,184,068

6.750%, 12/15/37

      500,000      536,026

Bausch & Lomb, Inc.

      

9.875%, 11/1/15^

      780,000      824,850

CIGNA Corp.

      

7.875%, 5/15/27

      100,000      111,398

Coventry Health Care, Inc.

      

6.300%, 8/15/14

      1,495,000      1,528,478

6.125%, 1/15/15

      190,000      189,087

5.950%, 3/15/17

      485,000      462,828

Express Scripts, Inc.

      

6.250%, 6/15/14

      1,000,000      1,107,933

HCA, Inc.

      

8.500%, 4/15/19§

      200,000      215,125

7.875%, 2/15/20§

      700,000      732,813

Humana, Inc.

      

6.450%, 6/1/16

      215,000      224,990

7.200%, 6/15/18

      1,560,000      1,686,901

6.300%, 8/1/18

      320,000      325,553

McKesson Corp.

      

6.500%, 2/15/14

      500,000      558,468

Medco Health Solutions, Inc.

      

7.125%, 3/15/18

      100,000      114,011

Quest Diagnostics, Inc.

      

4.750%, 1/30/20

      90,000      88,047

5.750%, 1/30/40

      40,000      38,233

UnitedHealth Group, Inc.

      

5.250%, 3/15/11

      1,565,000      1,625,104

6.000%, 2/15/18

      2,165,000      2,311,564

6.875%, 2/15/38

      500,000      530,638

Universal Health Services, Inc.

      

7.125%, 6/30/16

      1,820,000      2,035,830

WellPoint, Inc.

      

6.000%, 2/15/14

      500,000      549,663

5.875%, 6/15/17

      200,000      214,734

7.000%, 2/15/19

      1,475,000      1,672,629

5.850%, 1/15/36

      100,000      96,762
         
        18,965,733
         

Life Sciences Tools & Services (0.1%)

      

Fisher Scientific International, Inc.

      

6.125%, 7/1/15

    $ 2,521,000    $ 2,618,689
         

Pharmaceuticals (0.7%)

      

Abbott Laboratories, Inc.

      

5.600%, 5/15/11

      300,000      315,276

5.875%, 5/15/16

      300,000      339,200

5.600%, 11/30/17

      1,000,000      1,100,963

6.000%, 4/1/39

      500,000      529,249

AstraZeneca plc

      

5.400%, 9/15/12^

      300,000      327,612

5.900%, 9/15/17

      700,000      781,849

6.450%, 9/15/37

      300,000      333,842

Bristol-Myers Squibb Co.

      

5.450%, 5/1/18

      475,000      510,892

6.125%, 5/1/38

      500,000      531,745

Eli Lilly and Co.

      

3.550%, 3/6/12

      1,000,000      1,043,385

5.200%, 3/15/17

      200,000      215,239

5.950%, 11/15/37

      500,000      523,237

GlaxoSmithKline Capital, Inc.

      

4.850%, 5/15/13

      800,000      867,121

5.650%, 5/15/18

      600,000      651,506

6.375%, 5/15/38

      300,000      330,885

Johnson & Johnson

      

5.550%, 8/15/17

      1,420,000      1,568,393

5.150%, 7/15/18

      300,000      322,333

5.850%, 7/15/38

      600,000      641,587

Merck & Co., Inc.

      

1.875%, 6/30/11

      500,000      504,757

4.000%, 6/30/15

      200,000      209,470

6.000%, 9/15/17

      300,000      337,603

6.400%, 3/1/28

      300,000      328,052

6.550%, 9/15/37

      500,000      571,017

5.850%, 6/30/39

      350,000      366,640

Novartis Capital Corp.

      

1.900%, 4/24/13

      60,000      59,966

Novartis Securities Investment Ltd.

      

5.125%, 2/10/19

      1,000,000      1,059,881

Pfizer, Inc.

      

4.450%, 3/15/12

      500,000      529,996

4.500%, 2/15/14

      500,000      534,091

5.350%, 3/15/15

      1,975,000      2,176,164

6.200%, 3/15/19

      500,000      564,741

7.200%, 3/15/39

      500,000      609,793

Teva Pharmaceutical Finance LLC

      

6.150%, 2/1/36

      500,000      518,648

Watson Pharmaceuticals, Inc.

      

5.000%, 8/15/14

      210,000      218,653

6.125%, 8/15/19

      170,000      178,693

Wyeth

      

5.500%, 3/15/13

      300,000      328,368

5.500%, 2/1/14

      1,427,000      1,574,198

5.500%, 2/15/16

      750,000      836,629

6.000%, 2/15/36

      100,000      105,705

5.950%, 4/1/37

      500,000      523,489
         
        23,070,868
         

Total Health Care

         50,107,996
         

Industrials (1.4%)

      

Aerospace & Defense (0.3%)

      

Boeing Co.

      

3.500%, 2/15/15

      700,000      712,203

6.000%, 3/15/19^

      1,810,000      1,996,789

 

See Notes to Portfolio of Investments.

435

EQ ADVISORS TRUST

EQ/QUALITY BOND PLUS PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Principal
Amount		    Value
(Note 1)

4.875%, 2/15/20

    $ 110,000    $ 112,545

6.125%, 2/15/33

      100,000      105,121

5.875%, 2/15/40

      305,000      312,590

General Dynamics Corp.

      

4.250%, 5/15/13

      300,000      320,432

Goodrich Corp.

      

4.875%, 3/1/20

      100,000      100,718

Honeywell International, Inc.

      

4.250%, 3/1/13

      800,000      846,759

5.000%, 2/15/19

      850,000      885,135

ITT Corp.

      

4.900%, 5/1/14

      65,000      69,031

6.125%, 5/1/19

      90,000      97,443

Lockheed Martin Corp.

      

4.250%, 11/15/19

      350,000      338,411

5.500%, 11/15/39

      250,000      243,921

Series B

      

6.150%, 9/1/36

      350,000      370,352

Northrop Grumman Corp.

      

3.700%, 8/1/14

      150,000      153,487

5.050%, 8/1/19

      85,000      87,302

Northrop Grumman Systems Corp.

      

7.750%, 2/15/31

      350,000      428,931

Raytheon Co.

      

6.400%, 12/15/18

      300,000      339,243

4.400%, 2/15/20

      100,000      98,563

Rockwell Collins, Inc.

      

5.250%, 7/15/19

      50,000      51,930

United Technologies Corp.

      

4.875%, 5/1/15

      947,000      1,027,228

5.375%, 12/15/17

      300,000      323,570

6.125%, 2/1/19

      500,000      562,385

6.125%, 7/15/38

      500,000      533,285
         
        10,117,374
         

Air Freight & Logistics (0.0%)

      

FedEx Corp.

      

8.000%, 1/15/19

      500,000      612,224

United Parcel Service, Inc.

      

4.500%, 1/15/13

      300,000      320,671

6.200%, 1/15/38

      500,000      544,204
         
        1,477,099
         

Airlines (0.1%)

      

Continental Airlines, Inc.

      

9.000%, 7/8/16

      244,947      266,992

Delta Air Lines, Inc.

      

7.750%, 12/17/19

      300,000      315,000

Southwest Airlines Co.

      

5.250%, 10/1/14

      1,520,000      1,577,709

5.750%, 12/15/16

      665,000      680,124

UAL Pass Through Trust
Series 2007-1A

      

6.636%, 7/2/22

      587,085      551,860
         
        3,391,685
         

Building Products (0.2%)

      

CRH America, Inc.

      

6.000%, 9/30/16

      1,000,000      1,074,475

8.125%, 7/15/18

      100,000      117,760

Masco Corp.

      

4.800%, 6/15/15

      1,700,000      1,640,072

6.125%, 10/3/16^

      1,590,000      1,585,495

Owens Corning, Inc.

      

6.500%, 12/1/16

      1,470,000      1,555,723
         
        5,973,525
         

Commercial Services & Supplies (0.3%)

      

Allied Waste North America, Inc.
Series B

      

7.125%, 5/15/16

    $ 1,200,000    $ 1,303,500

Browning-Ferris Industries, Inc.

      

7.400%, 9/15/35

      723,000      801,753

Darthmouth College

      

4.750%, 6/1/19

      50,000      51,570

Johns Hopkins University

      

5.250%, 7/1/19

      225,000      235,373

Pitney Bowes, Inc.

      

4.750%, 1/15/16

      100,000      105,455

5.750%, 9/15/17

      231,000      248,705

R.R. Donnelley & Sons Co.

      

4.950%, 4/1/14

      1,315,000      1,321,596

8.600%, 8/15/16

      250,000      277,446

11.250%, 2/1/19^

      1,230,000      1,543,463

Republic Services, Inc.

      

5.500%, 9/15/19§

      1,687,000      1,727,738

Vanderbilt University

      

5.250%, 4/1/19

      250,000      262,228

Waste Management, Inc.

      

5.000%, 3/15/14

      100,000      106,217

6.100%, 3/15/18

      500,000      538,462

7.000%, 7/15/28

      500,000      537,606

Yale University

      

2.900%, 10/15/14

      250,000      252,115
         
        9,313,227
         

Electrical Equipment (0.0%)

      

Amphenol Corp.

      

4.750%, 11/15/14

      100,000      102,869

Emerson Electric Co.

      

4.125%, 4/15/15

      100,000      104,947

5.250%, 10/15/18

      100,000      106,499

4.875%, 10/15/19

      750,000      784,600

6.125%, 4/15/39

      100,000      107,185
         
        1,206,100
         

Industrial Conglomerates (0.2%)

      

3M Co.

      

4.375%, 8/15/13

      100,000      107,269

6.375%, 2/15/28

      100,000      111,841

Cooper U.S., Inc.

      

5.250%, 11/15/12

      100,000      108,465

General Electric Co.

      

5.000%, 2/1/13

      800,000      862,378

5.250%, 12/6/17

      750,000      786,636

Ingersoll-Rand Global Holding Co., Ltd.

      

6.875%, 8/15/18

      500,000      562,277

Koninklijke Philips Electronics N.V.

      

6.875%, 3/11/38

      300,000      339,025

Tyco Electronics Group S.A.

      

6.000%, 10/1/12

      450,000      484,528

7.125%, 10/1/37

      563,000      616,489

Tyco International Finance S.A.

      

6.000%, 11/15/13

      1,160,000      1,281,938

4.125%, 10/15/14

      150,000      155,097

8.500%, 1/15/19

      1,260,000      1,562,606
         
        6,978,549
         

Machinery (0.1%)

      

Case New Holland, Inc.

      

7.125%, 3/1/14

      455,000      460,687

Caterpillar, Inc.

      

6.050%, 8/15/36

      385,000      404,859

 

See Notes to Portfolio of Investments.

436

EQ ADVISORS TRUST

EQ/QUALITY BOND PLUS PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Principal
Amount		    Value
(Note 1)

Danaher Corp.

      

5.625%, 1/15/18

    $ 600,000    $ 653,048

Deere & Co.

      

4.375%, 10/16/19

      200,000      198,383

5.375%, 10/16/29

      100,000      99,699

Dover Corp.

      

6.600%, 3/15/38

      100,000      112,959

Snap-On, Inc.

      

6.125%, 9/1/21

      200,000      209,092
         
        2,138,727
         

Road & Rail (0.2%)

      

Burlington Northern Santa Fe Corp.

      

5.750%, 3/15/18

      500,000      535,211

4.700%, 10/1/19^

      325,000      321,812

6.150%, 5/1/37

      100,000      102,805

Burlington Resources Finance Co.

      

7.200%, 8/15/31

      100,000      114,595

Canadian National Railway Co.

      

5.550%, 3/1/19

      1,000,000      1,073,775

6.200%, 6/1/36

      350,000      376,756

Canadian Pacific Railway Co.

      

6.500%, 5/15/18

      229,000      248,744

7.250%, 5/15/19

      65,000      73,843

Con-way, Inc.

      

6.700%, 5/1/34

      1,492,000      1,353,662

CSX Corp.

      

6.250%, 4/1/15

      100,000      111,847

7.375%, 2/1/19

      1,000,000      1,165,284

6.150%, 5/1/37

      100,000      100,786

Norfolk Southern Corp.

      

7.700%, 5/15/17

      200,000      237,666

5.750%, 4/1/18

      500,000      536,684

5.900%, 6/15/19

      65,000      70,229

7.800%, 5/15/27

      1,000,000      1,205,280

Ryder System, Inc.

      

5.850%, 11/1/16

      720,000      760,059

Union Pacific Corp.

      

6.125%, 2/15/20

      500,000      541,704

6.150%, 5/1/37

      100,000      103,354
         
        9,034,096
         

Total Industrials

         49,630,382
         

Information Technology (0.7%)

      

Communications Equipment (0.2%)

      

American Tower Corp.

      

4.625%, 4/1/15

      75,000      77,131

Cisco Systems, Inc.

      

5.250%, 2/22/11

      1,470,000      1,529,848

5.500%, 2/22/16

      200,000      222,863

4.950%, 2/15/19

      550,000      571,964

4.450%, 1/15/20

      500,000      497,229

5.900%, 2/15/39

      500,000      507,627

5.500%, 1/15/40

      350,000      335,640

Motorola, Inc.

      

7.625%, 11/15/10

      122,000      126,456

6.000%, 11/15/17

      300,000      310,464

7.500%, 5/15/25

      145,000      149,423

6.500%, 9/1/25

      895,000      869,117

Nokia Oyj

      

5.375%, 5/15/19

      500,000      526,642
         
        5,724,404
         

Computers & Peripherals (0.2%)

      

Dell, Inc.

      

3.375%, 6/15/12

      55,000      57,156

5.625%, 4/15/14

    $ 1,405,000    $ 1,546,083

5.875%, 6/15/19

      100,000      108,215

7.100%, 4/15/28

      100,000      111,308

6.500%, 4/15/38

      300,000      317,268

Hewlett-Packard Co.

      

2.250%, 5/27/11

      750,000      761,537

4.500%, 3/1/13

      600,000      642,418

4.750%, 6/2/14^

      1,000,000      1,079,631

International Business Machines Corp.

      

4.750%, 11/29/12

      300,000      324,555

2.100%, 5/6/13

      200,000      201,397

5.700%, 9/14/17

      1,500,000      1,662,276

5.875%, 11/29/32

      100,000      104,549

5.600%, 11/30/39

      632,000      637,440
         
        7,553,833
         

Electronic Equipment, Instruments & Components (0.0%)

      

Arrow Electronics, Inc.

      

6.000%, 4/1/20

      150,000      151,343

Corning, Inc.

      

6.625%, 5/15/19

      20,000      22,184
         
        173,527
         

IT Services (0.1%)

      

Computer Sciences Corp.

      

5.500%, 3/15/13

      1,010,000      1,084,870

Electronic Data Systems Corp.

      

6.000%, 8/1/13

      1,219,000      1,363,592

7.450%, 10/15/29^

      1,415,000      1,696,881
         
        4,145,343
         

Office Electronics (0.1%)

      

Xerox Capital Trust I

      

8.000%, 2/1/27

      1,560,000      1,530,536

Xerox Corp.

      

7.625%, 6/15/13

      295,000      302,617

8.250%, 5/15/14

      150,000      174,169

4.250%, 2/15/15

      250,000      252,065

6.750%, 2/1/17

      1,045,000      1,153,732

6.350%, 5/15/18

      300,000      324,982

5.625%, 12/15/19

      200,000      205,577

6.750%, 12/15/39

      100,000      104,409
         
        4,048,087
         

Semiconductors & Semiconductor Equipment (0.0%)

      

Analog Devices, Inc.

      

5.000%, 7/1/14

      250,000      264,026
         

Software (0.1%)

      

Adobe Systems, Inc.

      

3.250%, 2/1/15

      100,000      100,396

4.750%, 2/1/20

      125,000      122,780

Microsoft Corp.

      

2.950%, 6/1/14

      190,000      192,898

4.200%, 6/1/19

      175,000      177,251

5.200%, 6/1/39

      150,000      148,434

Oracle Corp.

      

5.000%, 1/15/11

      1,475,000      1,525,418

5.250%, 1/15/16

      500,000      550,820

5.750%, 4/15/18

      800,000      877,446

6.500%, 4/15/38

      50,000      55,189

 

See Notes to Portfolio of Investments.

437

EQ ADVISORS TRUST

EQ/QUALITY BOND PLUS PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Principal
Amount		    Value
(Note 1)

6.125%, 7/8/39

    $ 500,000    $ 532,254
         
        4,282,886
         

Total Information Technology

         26,192,106
         

Materials (1.9%)

      

Chemicals (0.4%)

      

Air Products and Chemicals, Inc.

      

4.375%, 8/21/19

      200,000      194,664

Airgas, Inc.

      

2.850%, 10/1/13

      100,000      99,779

Cabot Corp.

      

5.000%, 10/1/16

      200,000      199,595

Dow Chemical Co.

      

7.600%, 5/15/14

      1,411,000      1,610,786

8.550%, 5/15/19

      2,786,000      3,370,339

7.375%, 11/1/29

      100,000      111,505

9.400%, 5/15/39

      135,000      180,959

E.I. du Pont de Nemours & Co.

      

5.000%, 7/15/13

      300,000      324,879

5.875%, 1/15/14

      841,000      935,159

3.250%, 1/15/15

      250,000      251,522

5.250%, 12/15/16

      100,000      107,912

6.000%, 7/15/18

      1,150,000      1,278,063

4.625%, 1/15/20^

      100,000      100,727

Eastman Chemical Co.

      

5.500%, 11/15/19

      537,000      549,841

Monsanto Co.

      

7.375%, 8/15/12

      300,000      338,751

5.125%, 4/15/18

      100,000      105,687

5.875%, 4/15/38

      300,000      306,450

Mosaic Co.

      

7.625%, 12/1/16§

      1,200,000      1,316,320

Potash Corp of Saskatchewan, Inc.

      

5.250%, 5/15/14

      80,000      86,488

3.750%, 9/30/15

      80,000      80,950

6.500%, 5/15/19

      65,000      72,296

4.875%, 3/30/20^

      70,000      70,120

PPG Industries, Inc.

      

5.750%, 3/15/13

      1,685,000      1,822,702

Praxair, Inc.

      

2.125%, 6/14/13

      100,000      100,244

4.625%, 3/30/15

      500,000      532,816

Rohm & Haas Co.

      

5.600%, 3/15/13

      800,000      853,382

Sherwin-Williams Co.

      

3.125%, 12/15/14

      250,000      251,229

Valspar Corp.

      

7.250%, 6/15/19

      200,000      225,736
         
        15,478,901
         

Construction Materials (0.0%)

      

Holcim U.S. Finance S.a.r.l & Cie S.C.S.

      

6.000%, 12/30/19§

      217,000      225,354

Lafarge S.A.

      

6.150%, 7/15/11

      783,000      817,862
         
        1,043,216
         

Containers & Packaging (0.1%)

      

Bemis Co., Inc.

      

5.650%, 8/1/14

      55,000      59,151

6.800%, 8/1/19

      45,000      50,260

Packaging Corp. of America

      

5.750%, 8/1/13

      1,675,000      1,782,369
         
        1,891,780
         

Metals & Mining (1.2%)

      

Alcoa, Inc.

      

6.000%, 7/15/13^

    $ 300,000    $ 320,001

6.750%, 7/15/18^

      2,360,000      2,445,829

5.870%, 2/23/22

      720,000      661,558

5.900%, 2/1/27

      300,000      265,749

5.950%, 2/1/37

      1,475,000      1,209,392

Allegheny Technologies, Inc.

      

9.375%, 6/1/19

      150,000      174,528

Anglo American Capital plc

      

9.375%, 4/8/19§

      2,055,000      2,617,478

ArcelorMittal S.A.

      

5.375%, 6/1/13

      300,000      319,324

9.000%, 2/15/15

      225,000      268,723

6.125%, 6/1/18

      2,920,000      3,065,145

9.850%, 6/1/19

      250,000      317,749

ArcelorMittal USA Partnership

      

9.750%, 4/1/14

      510,000      526,575

Barrick Australian Finance Pty Ltd.

      

5.950%, 10/15/39

      200,000      196,966

Barrick Gold Corp.

      

6.950%, 4/1/19

      250,000      286,051

Barrick N.A. Finance LLC

      

7.500%, 9/15/38

      300,000      355,239

BHP Billiton Finance USA Ltd.

      

4.800%, 4/15/13

      300,000      322,332

5.500%, 4/1/14

      500,000      550,179

7.250%, 3/1/16

      3,028,000      3,521,258

5.400%, 3/29/17

      500,000      540,424

6.500%, 4/1/19

      500,000      571,648

Freeport-McMoRan Copper & Gold, Inc.

      

8.250%, 4/1/15^

      605,000      658,694

8.375%, 4/1/17

      7,590,000      8,443,875

Newmont Mining Corp.

      

5.125%, 10/1/19

      585,000      588,488

6.250%, 10/1/39

      325,000      324,990

Nucor Corp.

      

5.750%, 12/1/17

      300,000      324,184

Rio Tinto Finance USA Ltd.

      

5.875%, 7/15/13

      300,000      329,758

8.950%, 5/1/14

      315,000      379,576

6.500%, 7/15/18

      2,410,000      2,712,619

9.000%, 5/1/19

      1,320,000      1,694,129

7.125%, 7/15/28

      700,000      801,257

Steel Capital S.A. for OAO Severstal

      

9.750%, 7/29/13§

      945,000      1,043,044

United States Steel Corp.

      

5.650%, 6/1/13

      2,434,000      2,470,510

Vale Overseas Ltd.

      

6.250%, 1/23/17

      1,000,000      1,084,190

6.875%, 11/21/36

      600,000      620,730

6.875%, 11/10/39

      170,000      176,145
         
        40,188,337
         

Paper & Forest Products (0.2%)

      

Celulosa Arauco y Constitucion S.A.

      

8.625%, 8/15/10

      359,000      367,960

International Paper Co.

      

5.300%, 4/1/15

      1,915,000      2,022,903

7.950%, 6/15/18

      1,795,000      2,097,172

7.500%, 8/15/21

      949,000      1,078,362

 

See Notes to Portfolio of Investments.

438

EQ ADVISORS TRUST

EQ/QUALITY BOND PLUS PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Principal
Amount		    Value
(Note 1)

Westvaco Corp.

      

8.200%, 1/15/30

    $ 1,130,000    $ 1,242,173
         
        6,808,570
         

Total Materials

         65,410,804
         

Telecommunication Services (1.7%)

      

Diversified Telecommunication Services (1.3%)

      

AT&T Corp.

      

7.300%, 11/15/11

      1,500,000      1,639,623

8.000%, 11/15/31

      400,000      486,302

AT&T, Inc.

      

4.950%, 1/15/13

      300,000      322,258

4.850%, 2/15/14^

      500,000      536,844

5.100%, 9/15/14

      300,000      324,583

5.625%, 6/15/16

      600,000      657,792

5.800%, 2/15/19

      850,000      908,605

6.500%, 9/1/37

      250,000      259,235

6.300%, 1/15/38

      700,000      710,348

6.400%, 5/15/38

      300,000      308,440

6.550%, 2/15/39

      750,000      788,431

BellSouth Capital Funding Corp.

      

7.875%, 2/15/30

      1,000,000      1,162,265

British Telecommunications plc

      

9.125%, 12/15/10

      2,240,000      2,365,496

9.625%, 12/15/30

      500,000      629,639

CenturyTel, Inc.

      

7.600%, 9/15/39

      500,000      481,978

Deutsche Telekom International Finance B.V.

      

5.250%, 7/22/13

      750,000      804,256

4.875%, 7/8/14

      250,000      262,863

6.000%, 7/8/19^

      200,000      214,304

8.750%, 6/15/30

      700,000      896,497

Embarq Corp.

      

7.082%, 6/1/16

      3,000,000      3,267,441

7.995%, 6/1/36

      100,000      101,394

France Telecom S.A.

      

4.375%, 7/8/14

      500,000      527,050

8.500%, 3/1/31

      600,000      795,867

Pacific Bell Telephone Co.

      

6.625%, 10/15/34

      1,970,000      1,971,062

Qwest Corp.

      

7.875%, 9/1/11

      1,540,000      1,632,400

8.875%, 3/15/12

      1,420,000      1,554,900

7.500%, 10/1/14

      1,525,000      1,666,062

8.375%, 5/1/16

      165,000      185,625

Telecom Italia Capital S.A.

      

5.250%, 11/15/13

      300,000      314,228

6.175%, 6/18/14

      2,035,000      2,175,201

5.250%, 10/1/15

      600,000      614,335

7.175%, 6/18/19

      1,645,000      1,775,950

7.721%, 6/4/38

      850,000      911,946

Telefonica Emisiones S.A.U.

      

4.949%, 1/15/15

      130,000      137,273

6.421%, 6/20/16

      1,200,000      1,333,105

5.877%, 7/15/19^

      195,000      208,852

7.045%, 6/20/36

      500,000      563,705

Verizon Communications, Inc.

      

7.375%, 9/1/12

      600,000      679,454

4.350%, 2/15/13

      20,000      21,214

5.250%, 4/15/13

      2,945,000      3,217,404

5.500%, 2/15/18

      1,000,000      1,059,880

6.100%, 4/15/18

      300,000      328,161

6.350%, 4/1/19

      1,000,000      1,107,208

7.750%, 12/1/30

      700,000      832,945

6.400%, 2/15/38

    $ 1,350,000    $ 1,400,668

6.900%, 4/15/38

      100,000      110,289

Verizon New Jersey, Inc.
Series A

      

5.875%, 1/17/12

      545,000      580,514

Windstream Corp.

      

7.875%, 11/1/17

      710,000      699,350
         
        43,533,242
         

Wireless Telecommunication Services (0.4%)

      

America Movil S.A.B. de C.V.

      

5.625%, 11/15/17^

      500,000      528,191

5.000%, 3/30/20§

      2,289,000      2,256,647

6.375%, 3/1/35

      100,000      100,716

Cellco Partnership/Verizon Wireless Capital LLC

      

3.750%, 5/20/11

      500,000      515,564

5.550%, 2/1/14

      1,000,000      1,092,842

8.500%, 11/15/18

      750,000      935,744

New Cingular Wireless Services, Inc.

      

7.875%, 3/1/11^

      360,000      383,119

8.125%, 5/1/12

      1,950,000      2,200,511

8.750%, 3/1/31

      1,100,000      1,420,332

Rogers Communications, Inc.

      

6.800%, 8/15/18

      600,000      682,530

7.500%, 8/15/38

      100,000      117,139

U.S. Cellular Corp.

      

6.700%, 12/15/33

      905,000      877,041

Vodafone Group plc

      

5.500%, 6/15/11

      1,385,000      1,452,283

5.000%, 12/16/13

      300,000      323,777

4.150%, 6/10/14

      400,000      415,370

5.625%, 2/27/17

      600,000      642,043

5.450%, 6/10/19

      200,000      207,544

6.150%, 2/27/37^

      500,000      512,141
         
        14,663,534
         

Total Telecommunication Services

         58,196,776
         

Utilities (2.0%)

      

Electric Utilities (1.4%)

      

Allegheny Energy Supply Co. LLC

      

5.750%, 10/15/19§

      2,250,000      2,220,320

Ameren Corp.

      

8.875%, 5/15/14

      1,400,000      1,615,390

Ameren Energy Generating Co.

      

6.300%, 4/1/20

      100,000      100,491

American Transmission Systems, Inc.

      

5.250%, 1/15/22§

      705,000      706,600

Appalachian Power Co.

      

7.000%, 4/1/38

      250,000      281,224

Arizona Public Service Co.

      

8.750%, 3/1/19

      1,000,000      1,211,888

Baltimore Gas & Electric Co.

      

6.125%, 7/1/13

      500,000      554,685

Carolina Power & Light Co.

      

6.500%, 7/15/12

      1,480,000      1,626,507

6.300%, 4/1/38

      500,000      538,252

CenterPoint Energy Houston Electric LLC

      

7.000%, 3/1/14

      1,000,000      1,135,979

Columbus Southern Power Co.
Series C

      

5.500%, 3/1/13

      300,000      324,349

Commonwealth Edison Co.

      

6.450%, 1/15/38

      600,000      643,278

Consolidated Edison Co. of New York, Inc.

      

7.125%, 12/1/18

      1,000,000      1,179,818

 

See Notes to Portfolio of Investments.

439

EQ ADVISORS TRUST

EQ/QUALITY BOND PLUS PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Principal
Amount		    Value
(Note 1)

Series 07-A

      

6.300%, 8/15/37

    $ 100,000    $ 106,564

Series 08-B

      

6.750%, 4/1/38

      100,000      112,815

Consumers Energy Co.

      

6.700%, 9/15/19

      500,000      565,221

Duke Energy Carolinas LLC

      

6.050%, 4/15/38

      500,000      521,679

Series C

      

7.000%, 11/15/18

      650,000      765,742

Duke Energy Corp.

      

5.650%, 6/15/13

      600,000      655,118

3.350%, 4/1/15

      100,000      99,364

Duke Energy Indiana, Inc.

      

6.450%, 4/1/39

      155,000      168,665

Duke Energy Ohio, Inc.

      

5.700%, 9/15/12

      300,000      325,018

5.450%, 4/1/19

      500,000      533,531

Entergy Gulf States Louisiana LLC

      

5.590%, 10/1/24

      90,000      91,887

Exelon Corp.

      

4.900%, 6/15/15

      300,000      312,671

Exelon Generation Co. LLC

      

6.200%, 10/1/17

      1,000,000      1,088,280

6.250%, 10/1/39

      300,000      303,360

FirstEnergy Corp.
Series B

      

6.450%, 11/15/11

      123,000      130,460

Series C

      

7.375%, 11/15/31

      975,000      1,009,012

FirstEnergy Solutions Corp.

      

4.800%, 2/15/15

      200,000      204,684

6.050%, 8/15/21

      400,000      400,517

6.800%, 8/15/39

      278,000      272,196

Florida Power & Light Co.

      

5.950%, 2/1/38

      350,000      358,788

5.960%, 4/1/39

      175,000      179,728

5.690%, 3/1/40

      50,000      49,451

Florida Power Corp.

      

5.650%, 6/15/18

      1,000,000      1,082,765

4.550%, 4/1/20

      50,000      49,671

5.650%, 4/1/40

      75,000      73,336

FPL Group Capital, Inc.

      

5.625%, 9/1/11

      905,000      956,301

6.000%, 3/1/19

      750,000      803,152

Georgia Power Co.

      

4.250%, 12/1/19

      205,000      201,280

5.950%, 2/1/39

      750,000      773,394

Indiana Michigan Power Co.

      

7.000%, 3/15/19

      1,000,000      1,128,670

Interstate Power and Light Co.

      

6.250%, 7/15/39

      60,000      62,757

MidAmerican Energy Co.

      

5.750%, 11/1/35

      100,000      99,109

MidAmerican Energy Holdings Co.

      

3.150%, 7/15/12

      225,000      230,601

5.875%, 10/1/12

      1,430,000      1,561,039

6.125%, 4/1/36

      300,000      302,258

5.950%, 5/15/37

      100,000      98,446

6.500%, 9/15/37

      300,000      317,243

Nevada Power Co.

      

6.500%, 8/1/18

      300,000      327,458

Northern States Power Co.

      

5.250%, 3/1/18

      300,000      314,141

5.350%, 11/1/39

      40,000      37,915

NSTAR

      

4.500%, 11/15/19

    $ 100,000    $ 99,510

NSTAR Electric Co.

      

5.500%, 3/15/40

      50,000      49,369

Ohio Power Co.

      

5.375%, 10/1/21

      200,000      204,159

Oncor Electric Delivery Co. LLC

      

6.375%, 5/1/12

      100,000      108,137

7.000%, 9/1/22

      1,000,000      1,139,999

Pacific Gas & Electric Co.

      

4.800%, 3/1/14

      1,990,000      2,135,364

8.250%, 10/15/18

      1,000,000      1,220,758

6.050%, 3/1/34

      300,000      308,944

PacifiCorp

      

5.650%, 7/15/18

      500,000      539,933

6.000%, 1/15/39

      300,000      308,445

Pepco Holdings, Inc.

      

6.450%, 8/15/12

      500,000      535,734

Portland General Electric Co.

      

6.100%, 4/15/19

      250,000      277,187

PPL Electric Utilities Corp.

      

6.250%, 5/15/39

      30,000      32,030

PPL Energy Supply LLC

      

6.500%, 5/1/18

      100,000      106,555

Progress Energy, Inc.

      

7.100%, 3/1/11

      471,000      495,327

PSEG Power LLC

      

2.500%, 4/15/13§

      75,000      75,046

5.125%, 4/15/20§

      80,000      79,949

Public Service Co. of Colorado

      

5.125%, 6/1/19

      50,000      52,004

6.500%, 8/1/38

      500,000      554,551

Series 10

      

7.875%, 10/1/12

      450,000      515,295

Public Service Co. of Oklahoma

      

5.150%, 12/1/19

      75,000      75,659

Public Service Electric & Gas Co.

      

5.375%, 9/1/13

      300,000      329,205

5.300%, 5/1/18

      500,000      527,388

Puget Sound Energy, Inc.

      

5.757%, 10/1/39

      250,000      242,753

5.795%, 3/15/40

      100,000      97,882

San Diego Gas & Electric Co.

      

6.000%, 6/1/39

      30,000      31,770

South Carolina Electric & Gas Co.

      

6.050%, 1/15/38

      100,000      103,885

Southern California Edison Co.

      

5.750%, 3/15/14

      600,000      666,557

5.950%, 2/1/38

      100,000      103,929

6.050%, 3/15/39

      500,000      527,065

5.500%, 3/15/40

      100,000      98,026

Southern Co.

      

4.150%, 5/15/14

      75,000      78,279

Series A

      

5.300%, 1/15/12

      1,130,000      1,201,334

Southern Natural Gas Co.

      

5.900%, 4/1/17§

      500,000      520,784

Southwestern Electric Power Co.

      

6.200%, 3/15/40

      50,000      49,883

SPI Electricity & Gas Australia Holdings Pty Ltd.

   

6.150%, 11/15/13§

      3,950,000      4,290,735

Tampa Electric Co.

      

6.100%, 5/15/18

      100,000      108,411

Toledo Edison Co.

      

6.150%, 5/15/37

      500,000      504,117

 

See Notes to Portfolio of Investments.

440

EQ ADVISORS TRUST

EQ/QUALITY BOND PLUS PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Principal
Amount		    Value
(Note 1)

TransAlta Corp.

      

6.500%, 3/15/40

    $ 70,000 $      69,204

Union Electric Co.

      

6.700%, 2/1/19

      550,000      608,412

8.450%, 3/15/39

      200,000      264,613

Virginia Electric & Power Co.

      

5.000%, 6/30/19

      200,000      205,449

8.875%, 11/15/38

      300,000      416,854

Series A

      

4.750%, 3/1/13

      300,000      320,702

6.000%, 5/15/37

      100,000      103,168

Wisconsin Electric Power Co.

      

4.250%, 12/15/19

      100,000      97,795

Wisconsin Power & Light Co.

      

5.000%, 7/15/19

      100,000      101,229
         
        49,396,452
         

Gas Utilities (0.1%)

      

Boardwalk Pipelines LP

      

5.750%, 9/15/19

      200,000      206,611

DCP Midstream LLC

      

5.350%, 3/15/20§

      670,000      671,359

Enbridge Energy Partners LP

      

5.200%, 3/15/20

      30,000      30,131

EQT Corp.

      

8.125%, 6/1/19

      380,000      451,455

ONEOK, Inc.

      

6.000%, 6/15/35

      100,000      95,413

Plains All American Pipeline LP

      

8.750%, 5/1/19

      150,000      182,995

Williams Partners LP

      

3.800%, 2/15/15§

      100,000      99,821

5.250%, 3/15/20§

      1,168,000      1,170,380

6.300%, 4/15/40§

      140,000      139,119
         
        3,047,284
         

Independent Power Producers & Energy Traders (0.2%)

      

AES Corp.

      

7.750%, 3/1/14

      555,000      567,488

7.750%, 10/15/15

      355,000      361,212

NRG Energy, Inc.

      

7.250%, 2/1/14

      1,425,000      1,435,687

RRI Energy, Inc.

      

7.625%, 6/15/14

      515,000      481,525

Tennessee Valley Authority

      

5.500%, 7/18/17

      600,000      668,366

6.150%, 1/15/38

      1,500,000      1,668,888

5.250%, 9/15/39^

      425,000      420,273
         
        5,603,439
         

Multi-Utilities (0.3%)

      

Alliant Energy Corp.

      

4.000%, 10/15/14

      100,000      100,782

Avista Corp.

      

5.125%, 4/1/22

      115,000      115,429

CenterPoint Energy Resources Corp.

      

6.000%, 5/15/18

      500,000      528,427

Series B

      

7.875%, 4/1/13

      300,000      343,517

CMS Energy Corp.

      

8.750%, 6/15/19

      666,000      751,974

DCP Midstream LLC

      

7.875%, 8/16/10

      400,000      410,288

Dominion Resources, Inc.

      

8.875%, 1/15/19

      500,000      630,790

5.200%, 8/15/19

      210,000      214,940

Series A

      

5.000%, 12/1/14

    $ 300,000    $ 319,685

Series B

      

5.950%, 6/15/35

      100,000      101,075

DTE Energy Co.

      

7.625%, 5/15/14

      75,000      85,323

6.350%, 6/1/16

      300,000      324,331

National Grid plc

      

6.300%, 8/1/16

      500,000      555,954

NiSource Finance Corp.

      

7.875%, 11/15/10

      660,000      685,319

10.750%, 3/15/16

      1,000,000      1,271,144

6.800%, 1/15/19

      1,385,000      1,505,658

5.450%, 9/15/20

      100,000      99,122

6.125%, 3/1/22^

      100,000      104,334

Sempra Energy

      

6.000%, 2/1/13

      300,000      323,476

6.500%, 6/1/16

      590,000      659,140

Veolia Environnement

      

6.000%, 6/1/18

      885,000      946,651

Wisconsin Energy Corp.

      

6.250%, 5/15/67(l)

      765,000      726,750
         
        10,804,109
         

Total Utilities

         68,851,284
         

Total Corporate Bonds

         913,781,602
         

Government Securities (67.1%)

      

Agency ABS (0.1%)

      

Federal Home Loan Bank

      

1.125%, 5/18/12

    $ 500,000      498,612

1.625%, 3/20/13

      500,000      499,469

Federal Home Loan Mortgage Corp.

      

1.125%, 4/25/12

      200,000      199,635

1.500%, 9/10/12

      150,000      149,309

1.800%, 3/25/13

      350,000      347,973

2.125%, 10/7/13

      125,000      125,118

3.150%, 1/22/15

      250,000      250,985

2.875%, 2/9/15

      750,000      754,606

Federal National Mortgage Association

      

1.000%, 4/4/12

      650,000      647,336

3.125%, 1/21/15

      100,000      100,905

3.000%, 3/9/15

      250,000      250,315

4.000%, 1/20/17

      750,000      755,881
         
        4,580,144
         

Agency CMO (0.3%)

      

Federal National Mortgage Association

      

0.546%, 10/25/35(l)

      3,214,258      3,164,027

0.666%, 6/25/36(l)

      3,142,072      3,095,641

0.756%, 6/25/36(l)

      3,106,632      3,057,298
         
        9,316,966
         

Foreign Governments (1.5%)

      

Canadian Government Bond

      

2.375%, 9/10/14

      700,000      698,678

Croatia Government International Bond

      

6.750%, 11/5/19§

      2,610,000      2,872,146

Export-Import Bank of Korea

      

8.125%, 1/21/14

      1,500,000      1,740,170

5.875%, 1/14/15

      100,000      107,795

4.125%, 9/9/15

      250,000      250,777

Federative Republic of Brazil

      

10.250%, 6/17/13

      1,000,000      1,234,000

8.000%, 1/15/18

      1,111,111      1,295,000

8.875%, 10/14/19

      800,000      1,030,000

 

See Notes to Portfolio of Investments.

441

EQ ADVISORS TRUST

EQ/QUALITY BOND PLUS PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Principal
Amount		    Value
(Note 1)

8.875%, 4/15/24

    $ 600,000    $ 792,000

10.125%, 5/15/27

      1,100,000      1,614,250

8.250%, 1/20/34

      3,090,000      3,939,750

11.000%, 8/17/40^

      500,000      669,250

5.625%, 1/7/41

      300,000      282,450

Oesterreichische Kontrollbank AG

      

4.750%, 10/16/12

      800,000      860,241

5.000%, 4/25/17

      500,000      539,693

Province of Manitoba

      

5.000%, 2/15/12

      600,000      642,642

Province of Nova Scotia

      

5.125%, 1/26/17

      300,000      329,088

Province of Ontario

      

2.625%, 1/20/12

      1,500,000      1,539,212

4.950%, 6/1/12

      500,000      536,685

4.100%, 6/16/14

      1,000,000      1,068,290

4.950%, 11/28/16

      600,000      650,784

4.000%, 10/7/19

      400,000      392,770

Province of Quebec

      

4.875%, 5/5/14

      600,000      654,479

4.625%, 5/14/18^

      600,000      626,143

7.125%, 2/9/24

      500,000      600,548

7.500%, 9/15/29

      500,000      650,781

Republic of Chile

      

5.500%, 1/15/13

      500,000      545,500

Republic of Italy

      

3.500%, 7/15/11

      1,600,000      1,647,727

4.375%, 6/15/13

      1,000,000      1,057,175

5.250%, 9/20/16^

      1,300,000      1,393,917

6.875%, 9/27/23

      1,000,000      1,146,853

Republic of Korea

      

5.750%, 4/16/14

      500,000      546,040

7.125%, 4/16/19

      500,000      585,830

Republic of Lithuania

      

6.750%, 1/15/15§

      2,565,000      2,799,923

Republic of Peru

      

8.375%, 5/3/16

      750,000      912,375

7.125%, 3/30/19

      3,910,000      4,529,735

6.550%, 3/14/37

      300,000      321,000

Republic of Poland

      

5.000%, 10/19/15

      1,000,000      1,055,251

6.375%, 7/15/19

      480,000      526,964

Republic of South Africa

      

6.875%, 5/27/19

      300,000      334,875

5.875%, 5/30/22^

      700,000      715,750

Russian Federation

      

7.500%, 3/31/30(e)(m)

      2,039,800      2,351,074

State of Israel

      

5.125%, 3/1/14

      100,000      108,575

5.125%, 3/26/19

      450,000      466,097

United Mexican States

      

6.375%, 1/16/13

      300,000      333,000

5.875%, 2/17/14

      750,000      836,625

5.625%, 1/15/17

      1,100,000      1,177,000

5.950%, 3/19/19

      1,000,000      1,080,000

8.300%, 8/15/31

      700,000      899,500

6.050%, 1/11/40

      1,100,000      1,097,250
         
        52,085,658
         

Municipal Bonds (0.2%)

      

Bay Area Toll Authority California State

   

6.263%, 4/1/49

      300,000      299,805

Central Puget Sound Washington Regional Transportation Authority

   

5.491%, 11/1/39

      200,000      196,374

Clark County, Nevada Airport Revenue

      

6.881%, 7/1/42

    $ 200,000    $ 201,006

Los Angeles, California Unified School District

   

5.755%, 7/1/29

      100,000      93,273

5.750%, 7/1/34

      250,000      228,737

6.758%, 7/1/34

      190,000      196,430

Metropolitan Transportation Authority

      

6.548%, 11/15/31

      100,000      100,749

6.648%, 11/15/39

      100,000      100,973

6.668%, 11/15/39

      75,000      75,457

Metropolitan Washington Airports Authority

   

7.462%, 10/1/46

      290,000      298,314

Municipal Electric Authority of Georgia

      

6.637%, 4/1/57

      125,000      123,984

7.055%, 4/1/57

      200,000      193,890

New Jersey Economic Development Authority
Series A

   

7.425%, 2/15/29

      450,000      493,078

New Jersey Transportation Trust Fund Authority

   

6.561%, 12/15/40

      100,000      104,534

New York City Municipal Water Finance Authority

   

6.011%, 6/15/42

      35,000      35,316

New York State Urban Development Corp.

   

5.770%, 3/15/39

      60,000      59,324

North Texas Tollway Authority, Class B

      

6.718%, 1/1/49

      288,000      302,043

San Diego County, California Water Authority

   

6.138%, 5/1/49

      100,000      102,580

State of California

      

7.550%, 4/1/39

      1,390,000      1,437,079

7.350%, 11/1/39

      200,000      201,962

State of Georgia

      

4.503%, 11/1/25

      100,000      101,049

State of Illinois

      

2.766%, 1/1/12

      100,000      100,685

3.321%, 1/1/13

      100,000      100,468

4.071%, 1/1/14

      100,000      100,792

4.421%, 1/1/15

      100,000      100,792

5.100%, 6/1/33

      1,600,000      1,311,712

6.630%, 2/1/35

      500,000      492,050

State of Massachusetts

      

5.456%, 12/1/39

      250,000      249,590

State of New York

      

5.206%, 10/1/31

      150,000      136,562

State of Utah

      

4.554%, 7/1/24

      180,000      180,211

State of Washington

      

5.481%, 8/1/39

      200,000      203,106
         
        7,921,925
         

Supranational (1.2%)

      

African Development Bank

      

1.875%, 1/23/12^

      1,000,000      1,012,603

3.000%, 5/27/14

      1,000,000      1,019,973

Asian Development Bank

      

4.250%, 10/20/14

      600,000      643,451

5.500%, 6/27/16

      2,375,000      2,662,470

Corp. Andina de Fomento

      

5.750%, 1/12/17

      500,000      508,827

8.125%, 6/4/19

      150,000      176,214

Eksportfinans A/S

      

5.500%, 5/25/16

      4,910,000      5,407,938

European Bank for Reconstruction & Development

   

1.250%, 6/10/11

      1,000,000      1,005,316

 

See Notes to Portfolio of Investments.

442

EQ ADVISORS TRUST

EQ/QUALITY BOND PLUS PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Principal
Amount		    Value
(Note 1)

European Investment Bank

      

2.625%, 5/16/11

    $ 1,000,000    $ 1,021,220

3.125%, 7/15/11

      2,300,000      2,368,752

1.750%, 9/14/12

      1,000,000      1,006,824

3.250%, 5/15/13

      1,000,000      1,039,041

4.250%, 7/15/13

      1,600,000      1,710,957

3.000%, 4/8/14

      1,000,000      1,022,822

3.125%, 6/4/14

      500,000      512,685

2.875%, 1/15/15

      1,000,000      1,003,306

4.875%, 1/17/17

      600,000      650,892

5.125%, 5/30/17

      1,300,000      1,428,235

4.875%, 2/15/36

      1,225,000      1,212,136

Export Development Canada

      

1.750%, 9/24/12

      1,000,000      1,007,144

3.500%, 5/16/13

      600,000      628,507

Inter-American Development Bank

      

4.375%, 9/20/12

      600,000      642,365

4.750%, 10/19/12

      1,000,000      1,080,907

3.500%, 3/15/13

      1,000,000      1,052,161

5.125%, 9/13/16

      1,840,000      2,032,240

3.875%, 2/14/20

      1,000,000      984,852

International Bank for Reconstruction & Development

      

2.000%, 4/2/12

      2,000,000      2,034,978

9.250%, 7/15/17

      865,000      1,160,525

4.750%, 2/15/35

      100,000      96,735

International Bank for Reconstruction & Development

      

5.000%, 4/1/16

      600,000      660,887

International Finance Corp.

      

3.000%, 4/22/14

      1,275,000      1,293,929

Japan Finance Corp.

      

4.250%, 6/18/13

      600,000      638,766

Korea Development Bank

      

5.300%, 1/17/13

      600,000      636,952

Nordic Investment Bank

      

3.625%, 6/17/13

      600,000      630,630

2.625%, 10/6/14

      300,000      300,063

5.000%, 2/1/17^

      1,540,000      1,665,396

Svensk Exportkredit AB

      

5.125%, 3/1/17

      300,000      326,394
         
        42,287,093
         

U.S. Government Agencies (34.5%)

      

Federal Farm Credit Bank

      

3.875%, 8/25/11

      100,000      104,265

1.125%, 10/3/11

      200,000      200,506

1.875%, 12/7/12

      300,000      301,480

2.300%, 9/3/13

      1,000,000      994,315

2.625%, 4/17/14

      1,000,000      1,009,791

2.970%, 12/2/14

      1,000,000      1,000,450

Federal Home Loan Bank

      

0.500%, 4/6/11

      350,000      349,635

1.375%, 5/16/11

      1,000,000      1,008,110

3.375%, 6/24/11

      5,000,000      5,152,310

3.625%, 7/1/11

      5,000,000      5,185,445

1.625%, 7/27/11

      3,000,000      3,033,249

5.375%, 8/19/11

      2,300,000      2,439,651

3.625%, 9/16/11

      3,000,000      3,124,911

4.875%, 11/18/11

      2,000,000      2,125,904

1.875%, 6/20/12

      500,000      506,076

1.875%, 11/19/12

      1,500,000      1,508,148

1.625%, 11/21/12

      650,000      651,759

2.000%, 12/28/12

      200,000      199,816

5.125%, 8/14/13

      1,300,000      1,433,316

4.000%, 9/6/13

    $ 1,600,000    $ 1,704,651

2.500%, 10/15/13

      1,000,000      999,316

5.250%, 6/18/14

      4,000,000      4,447,676

5.500%, 8/13/14^

      1,300,000      1,462,934

4.750%, 12/16/16

      500,000      535,261

4.875%, 5/17/17

      1,500,000      1,621,665

5.000%, 11/17/17

      2,000,000      2,185,886

5.500%, 7/15/36

      300,000      308,739

Federal Home Loan Mortgage Corp.

      

1.625%, 4/26/11

      950,000      960,267

3.875%, 6/29/11

      6,700,000      6,961,561

5.250%, 7/18/11

      5,000,000      5,292,765

1.125%, 12/15/11

      600,000      601,370

2.350%, 3/2/12

      750,000      754,996

2.125%, 3/23/12

      3,000,000      3,054,234

2.000%, 4/27/12

      400,000      404,298

1.750%, 6/15/12

      1,000,000      1,009,658

2.000%, 6/15/12

      350,000      351,022

2.000%, 10/1/12

      700,000      700,000

2.000%, 11/5/12

      500,000      500,622

4.125%, 12/21/12^

      5,000,000      5,321,015

2.500%, 4/8/13

      1,000,000      1,015,412

3.750%, 6/28/13

      1,000,000      1,057,968

2.500%, 1/7/14^

      5,300,000      5,361,443

4.500%, 1/15/14

      5,000,000      5,412,095

2.500%, 4/23/14

      1,000,000      1,008,156

5.000%, 7/15/14

      2,000,000      2,207,170

3.000%, 7/28/14

      2,000,000      2,044,294

3.000%, 12/30/14

      500,000      500,847

4.750%, 11/17/15

      3,000,000      3,263,583

5.500%, 7/18/16

      1,000,000      1,119,718

5.000%, 4/18/17

      400,000      434,200

5.125%, 11/17/17^

      2,500,000      2,737,625

4.875%, 6/13/18

      6,500,000      6,955,605

4.250%, 12/12/18

      1,000,000      996,404

3.750%, 3/27/19^

      1,725,000      1,682,796

4.500%, 12/1/19

      5,767,216      6,069,769

5.000%, 12/1/21

      4,936,698      5,256,040

5.500%, 8/1/22

      754,143      811,883

6.000%, 9/1/22

      613,711      664,391

5.500%, 1/1/23

      1,543,042      1,652,984

5.500%, 2/1/23

      715,559      766,077

5.500%, 4/1/23

      87,917      94,099

5.000%, 5/1/23

      817,895      864,157

5.000%, 7/1/23

      1,529,526      1,616,040

5.500%, 7/1/23

      402,357      430,648

5.500%, 8/1/23

      419,091      448,558

5.000%, 11/1/23

      1,235,699      1,305,594

5.500%, 12/1/23

      522,720      559,639

5.000%, 1/1/24

      1,516,100      1,601,854

4.000%, 2/1/24

      899,372      913,951

5.000%, 3/1/24

      678,560      716,941

5.000%, 4/1/24

      1,580,776      1,670,189

4.000%, 7/1/24

      5,203,397      5,287,749

4.500%, 7/1/24

      6,359,242      6,601,439

4.500%, 2/1/25

      2,041,814      2,119,579

4.000%, 3/1/25

      4,000,133      4,064,979

6.750%, 3/15/31

      600,000      728,326

6.250%, 7/15/32

      300,000      347,233

2.821%, 3/1/34(l)

      908,541      942,881

5.500%, 1/1/35

      2,356,749      2,496,773

5.500%, 7/1/35

      5,419,553      5,753,406

4.500%, 8/1/35

      1,996,511      2,019,885

4.500%, 9/1/35

      1,782,514      1,802,359

4.500%, 10/1/35

      4,106,957      4,152,679

 

See Notes to Portfolio of Investments.

443

EQ ADVISORS TRUST

EQ/QUALITY BOND PLUS PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Principal
Amount		    Value
(Note 1)

5.000%, 11/1/35

    $ 9,830,839    $ 10,187,975

5.000%, 12/1/35

      4,143,388      4,293,909

4.099%, 4/1/36(l)

      4,454,551      4,648,551

6.000%, 6/1/36

      16,883,221      18,152,100

5.000%, 10/1/36

      17,068,721      17,675,273

6.500%, 11/1/36

      8,459,018      9,218,347

5.500%, 12/1/36

      292,716      309,192

5.569%, 12/1/36(l)

      3,952,437      4,120,811

7.000%, 2/1/37

      7,869,544      8,725,357

5.500%, 3/1/37

      938,697      991,536

4.500%, 4/1/37

      1,820,746      1,846,136

5.745%, 5/1/37(l)

      3,381,633      3,588,758

6.000%, 5/1/37

      593,448      636,566

5.500%, 11/1/37

      330,891      349,516

5.593%, 11/1/37(l)

      1,258,619      1,304,986

5.293%, 1/1/38(l)

      6,054,075      6,350,131

5.500%, 4/1/38

      12,058,685      12,752,531

5.500%, 5/1/38

      7,242,033      7,649,680

4.500%, 6/1/38

      5,893,090      5,958,696

5.500%, 7/1/38

      13,635,348      14,402,869

6.000%, 7/1/38

      2,252,406      2,427,320

5.500%, 8/1/38

      1,358,800      1,435,286

6.000%, 8/1/38

      490,816      526,477

5.000%, 9/1/38

      7,646,161      7,902,427

5.500%, 9/1/38

      646,322      682,703

6.000%, 9/1/38

      357,616      383,598

5.500%, 10/1/38

      2,300,770      2,430,279

6.000%, 10/1/38

      53,286      57,158

5.000%, 11/1/38

      2,384,264      2,474,605

5.500%, 11/1/38

      5,346,090      5,647,016

6.000%, 11/1/38

      13,022,736      13,968,919

5.500%, 1/1/39

      13,793,450      14,587,113

4.500%, 2/1/39

      7,032,846      7,056,198

4.000%, 5/1/39

      4,860,082      4,716,368

4.500%, 6/1/39

      4,831,245      4,847,286

4.000%, 7/1/39

      4,978,814      4,831,590

4.500%, 7/1/39

      4,867,391      4,883,552

5.000%, 7/1/39

      7,801,715      8,063,194

5.000%, 9/1/39

      1,489,154      1,539,064

4.500%, 10/1/39

      12,818,085      12,860,645

4.500%, 2/1/40

      6,494,110      6,517,079

4.500%, 4/15/25 TBA

      1,500,000      1,555,078

5.500%, 4/15/25 TBA

      2,500,000      2,674,024

6.000%, 4/15/25 TBA

      2,000,000      2,157,500

5.000%, 4/15/40 TBA

      2,000,000      2,065,156

Federal National Mortgage Association

      

2.000%, 4/1/11

      1,250,000      1,250,000

1.750%, 4/15/11

      700,000      700,258

1.375%, 4/28/11

      650,000      655,221

6.000%, 5/15/11

      1,300,000      1,378,523

3.625%, 8/15/11

      4,000,000      4,154,040

1.000%, 11/23/11

      585,000      585,495

2.000%, 1/9/12

      3,000,000      3,047,094

5.000%, 2/16/12

      2,600,000      2,784,545

2.150%, 4/13/12

      350,000      350,204

1.875%, 4/20/12

      750,000      759,735

1.500%, 4/26/12

      600,000      600,325

2.000%, 9/28/12

      700,000      703,637

1.875%, 10/29/12

      600,000      600,084

1.750%, 12/28/12

      200,000      200,514

2.170%, 3/21/13

      500,000      501,005

4.625%, 10/15/13

      5,200,000      5,659,784

2.750%, 2/5/14

      3,000,000      3,055,992

3.000%, 9/15/14

      500,000      502,764

3.000%, 9/16/14^

      1,000,000      1,018,395

3.000%, 10/29/14

    $ 1,500,000    $ 1,502,577

2.625%, 11/20/14

      750,000      750,048

4.375%, 10/15/15

      3,000,000      3,200,955

5.000%, 2/13/17

      3,300,000      3,593,924

5.000%, 5/11/17

      1,600,000      1,738,731

5.500%, 6/1/22

      693,689      743,439

5.500%, 9/1/22

      117,032      125,645

6.000%, 9/1/22

      14,149      15,292

6.000%, 10/1/22

      2,189,148      2,365,905

4.500%, 4/1/23

      8,605,363      8,941,174

5.000%, 4/1/23

      652,233      688,360

5.000%, 5/1/23

      5,594,095      5,903,955

5.500%, 5/1/23

      4,611,804      4,931,027

4.500%, 6/1/23

      3,144,694      3,284,117

5.000%, 6/1/23

      8,314,185      8,774,712

5.000%, 7/1/23

      789,952      833,708

5.000%, 8/1/23

      5,070,422      5,351,276

5.500%, 9/1/23

      1,612,374      1,723,981

5.500%, 10/1/23

      50,567      54,099

6.000%, 12/1/23

      1,397,721      1,506,208

4.000%, 2/1/24

      3,252,981      3,305,207

5.000%, 5/20/24

      500,000      500,591

4.000%, 6/1/24

      6,546,525      6,651,628

5.375%, 6/25/24

      500,000      505,668

4.500%, 7/1/24

      12,093,244      12,553,826

9.000%, 8/1/26

      4,189      4,745

6.500%, 12/1/28

      2,779,711      3,064,100

6.250%, 5/15/29

      19,700,000      22,257,513

7.125%, 1/15/30

      1,100,000      1,382,340

6.625%, 11/15/30

      3,000,000      3,585,204

5.500%, 4/1/33

      8,336,767      8,834,368

5.500%, 7/1/33

      3,011,086      3,190,810

5.000%, 11/1/33

      7,475,231      7,755,844

5.500%, 11/1/33

      1,675,458      1,775,462

4.728%, 3/1/34(l)

      2,425,853      2,522,619

5.500%, 4/1/34

      1,392,616      1,475,520

5.500%, 5/1/34

      857,985      909,062

5.500%, 11/1/34

      4,132,313      4,371,858

5.500%, 2/1/35

      6,911,873      7,316,865

6.000%, 4/1/35

      9,265,574      10,005,734

5.000%, 6/1/35

      4,373,160      4,533,225

5.000%, 7/1/35

      6,686,903      6,933,744

4.500%, 8/1/35

      8,497,714      8,596,965

5.000%, 8/1/35

      8,346,393      8,633,626

4.500%, 9/1/35

      5,400,924      5,473,555

5.500%, 10/1/35

      1,824,540      1,926,886

5.000%, 11/1/35

      2,445,603      2,532,059

5.500%, 12/1/35

      9,748,906      10,286,619

5.485%, 1/1/36(l)

      4,272,538      4,499,175

5.000%, 2/1/36

      17,150,375      17,740,590

5.500%, 3/1/36

      12,065,449      12,719,623

6.000%, 3/1/36

      15,621,087      16,595,574

6.000%, 5/1/36

      30,705      32,621

5.500%, 6/1/36

      26,023,144      27,434,088

5.000%, 7/1/36

      6,543,749      6,777,126

5.500%, 7/1/36

      46,572      49,039

6.000%, 7/1/36

      50,912      54,041

6.000%, 8/1/36

      57,153      60,665

6.000%, 9/1/36

      6,126,666      6,503,518

6.500%, 9/1/36

      17,590,888      18,994,724

5.500%, 11/1/36

      50,991      53,692

6.500%, 11/1/36

      702,028      757,176

5.500%, 1/1/37

      3,727,261      3,924,689

6.500%, 1/1/37

      542,299      584,899

5.974%, 2/1/37(l)

      2,491,068      2,600,887

 

See Notes to Portfolio of Investments.

444

EQ ADVISORS TRUST

EQ/QUALITY BOND PLUS PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Principal
Amount		    Value
(Note 1)

5.500%, 3/1/37

    $ 3,458,694    $ 3,649,392

6.000%, 3/1/37

      18,260      19,365

6.000%, 5/1/37

      52,512      55,804

6.000%, 6/1/37

      740,091      784,409

6.000%, 7/1/37

      769,026      815,078

4.885%, 8/1/37(l)

      1,512,476      1,589,045

6.000%, 8/1/37

      1,015,836      1,076,667

5.392%, 9/1/37(l)

      1,770,915      1,862,781

6.000%, 9/1/37

      734,554      778,541

5.604%, 10/1/37(l)

      4,306,687      4,513,416

6.000%, 10/1/37

      996,246      1,055,904

6.500%, 10/1/37

      904,764      975,838

6.000%, 11/1/37

      14,352,450      15,211,915

6.500%, 11/1/37

      1,001,760      1,080,820

6.500%, 12/1/37

      303,891      327,763

5.000%, 2/1/38

      5,439,456      5,617,301

6.000%, 2/1/38

      1,716,730      1,819,532

4.500%, 3/1/38

      30,227      30,325

5.500%, 3/1/38

      3,819,761      4,022,089

6.000%, 5/1/38

      72,637      76,986

4.500%, 6/1/38

      66,738      66,955

6.000%, 6/1/38

      17,250      18,283

4.965%, 7/1/38(l)

      6,315,887      6,649,827

5.500%, 7/1/38

      28,828,826      30,355,854

6.000%, 7/1/38

      98,562      104,520

6.000%, 8/1/38

      47,799      50,830

6.000%, 9/1/38

      7,658,643      8,119,637

6.500%, 9/1/38

      311,682      336,166

6.000%, 10/1/38

      781,039      827,809

6.000%, 11/1/38

      5,221,746      5,537,001

6.500%, 11/1/38

      474,241      511,495

6.000%, 12/1/38

      880,522      933,251

4.500%, 1/1/39

      29,659      29,755

5.000%, 1/1/39

      9,135,016      9,426,552

5.395%, 1/1/39(l)

      1,319,244      1,395,198

5.565%, 1/1/39(l)

      4,152,771      4,381,884

6.000%, 1/1/39

      751,050      796,025

4.000%, 2/1/39

      230,310      223,896

4.500%, 3/1/39

      1,962,834      1,969,198

5.000%, 3/1/39

      4,546,235      4,694,876

4.000%, 4/1/39

      136,261      132,295

4.500%, 5/1/39

      4,862,250      4,880,293

4.000%, 6/1/39

      3,909,295      3,795,528

4.500%, 6/1/39

      17,538,664      17,595,528

4.000%, 7/1/39

      2,589,534      2,514,174

4.500%, 7/1/39

      11,815,534      11,853,842

4.000%, 8/1/39

      10,868,351      10,552,065

4.500%, 8/1/39

      975,662      978,825

4.000%, 9/1/39

      3,448,745      3,348,381

4.500%, 9/1/39

      9,842,684      9,877,672

5.000%, 10/1/39

      1,468,067      1,514,919

4.500%, 1/1/40

      4,969,660      4,990,431

4.500%, 2/1/40

      2,990,975      3,002,074

5.500%, 4/25/25 TBA

      2,000,000      2,137,812

5.000%, 4/25/40 TBA

      12,000,000      12,375,937

6.000%, 5/25/40 TBA

      23,830,000      25,405,945

Government National Mortgage Association

   

8.500%, 10/15/17

      1,728      1,899

8.500%, 11/15/17

      6,264      6,881

8.000%, 7/15/26

      383      421

6.500%, 9/15/36

      157,522      170,352

5.500%, 4/15/37

      762,368      809,420

5.500%, 5/15/37

      175,240      185,672

6.500%, 5/15/37

      305,407      329,517

6.500%, 9/15/37

      178,910      193,034

6.500%, 10/15/37

    $ 243,032    $ 263,889

6.000%, 1/15/38

      1,211,279      1,294,886

5.500%, 2/15/38

      10,490,573      11,157,708

5.500%, 4/15/38

      695,637      736,614

6.000%, 4/15/38

      29,982      32,042

5.500%, 6/15/38

      1,758,247      1,861,818

6.500%, 6/15/38

      266,805      287,534

5.500%, 7/15/38

      556,632      589,421

6.000%, 7/15/38

      3,649,570      3,911,213

5.500%, 8/15/38

      1,211,355      1,282,711

6.000%, 8/15/38

      910,353      972,904

6.500%, 8/15/38

      1,116,411      1,203,151

6.000%, 9/15/38

      1,250,108      1,336,004

6.500%, 9/15/38

      1,309,758      1,411,520

6.000%, 10/15/38

      7,117,001      7,606,016

6.500%, 10/15/38

      1,261,963      1,360,012

6.000%, 11/15/38

      1,820,564      1,945,657

5.500%, 12/15/38

      6,017,259      6,371,713

6.000%, 12/15/38

      3,338,318      3,567,697

6.500%, 12/15/38

      1,711,458      1,845,501

5.500%, 1/15/39

      3,171,315      3,358,126

6.000%, 1/15/39

      646,367      690,779

5.000%, 2/15/39

      10,455,874      10,883,912

4.500%, 4/15/39

      7,809,447      7,914,386

4.500%, 5/15/39

      5,791,087      5,869,809

4.500%, 6/15/39

      8,395,431      8,508,245

5.000%, 6/15/39

      974,804      1,017,452

6.000%, 6/15/39

      198,630      212,278

5.500%, 7/15/39

      139,723      147,954

6.000%, 8/15/39

      114,129      121,971

4.000%, 9/15/39

      3,967,935      3,891,366

4.500%, 9/15/39

      2,974,742      3,014,715

5.000%, 9/15/39

      20,280,444      21,120,823

5.500%, 10/15/39

      4,062,711      4,302,030

6.000%, 10/15/39

      164,181      175,462

4.500%, 12/15/39

      4,979,376      5,047,064

4.500%, 1/15/40

      1,994,620      2,021,423

4.500%, 4/15/40 TBA

      3,000,000      3,033,750

5.000%, 4/15/40 TBA

      10,000,000      10,389,844

5.500%, 4/15/40 TBA

      22,925,000      24,237,814

6.000%, 4/15/40 TBA

      24,125,000      25,764,747

6.500%, 4/15/40 TBA

      3,100,000      3,348,969
         
        1,203,877,394
         

U.S. Treasuries (29.3%)

      

U.S. Treasury Bonds

      

3.000%, 7/15/12 TIPS

      8,235,000      10,690,544

11.250%, 2/15/15

      4,700,000      6,597,625

9.875%, 11/15/15

      6,500,000      8,917,695

9.250%, 2/15/16

      5,000,000      6,737,500

7.250%, 5/15/16

      3,300,000      4,097,155

7.500%, 11/15/16

      1,000,000      1,262,891

8.750%, 5/15/17

      2,000,000      2,703,124

9.125%, 5/15/18^

      1,000,000      1,401,172

9.000%, 11/15/18

      2,000,000      2,803,906

8.875%, 2/15/19

      2,500,000      3,489,647

8.125%, 8/15/19

      3,300,000      4,437,470

8.500%, 2/15/20

      4,000,000      5,532,500

8.750%, 8/15/20

      4,600,000      6,501,815

7.875%, 2/15/21

      2,500,000      3,362,500

8.125%, 5/15/21

      1,500,000      2,054,296

8.125%, 8/15/21

      1,000,000      1,372,188

8.000%, 11/15/21

      4,800,000      6,540,000

7.250%, 8/15/22

      1,000,000      1,299,688

7.125%, 2/15/23

      3,000,000      3,866,250

 

See Notes to Portfolio of Investments.

445

EQ ADVISORS TRUST

EQ/QUALITY BOND PLUS PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Principal
Amount		    Value
(Note 1)

6.250%, 8/15/23

    $ 1,500,000    $ 1,802,579

7.625%, 2/15/25

      2,000,000      2,717,500

6.000%, 2/15/26

      4,000,000      4,717,500

6.750%, 8/15/26

      2,700,000      3,429,421

6.625%, 2/15/27

      1,900,000      2,388,657

6.125%, 11/15/27

      4,500,000      5,390,154

5.500%, 8/15/28

      3,600,000      4,032,562

5.250%, 11/15/28

      2,900,000      3,157,375

5.250%, 2/15/29

      2,200,000      2,393,875

6.125%, 8/15/29

      5,700,000      6,863,153

6.250%, 5/15/30

      3,000,000      3,672,186

5.375%, 2/15/31

      2,000,000      2,212,500

4.500%, 2/15/36

      29,255,000      28,573,914

4.750%, 2/15/37

      1,300,000      1,317,875

5.000%, 5/15/37

      1,200,000      1,263,563

4.375%, 2/15/38

      2,500,000      2,377,345

4.500%, 5/15/38

      4,400,000      4,268,686

3.500%, 2/15/39

      4,600,000      3,722,407

4.250%, 5/15/39

      5,400,000      5,003,435

4.500%, 8/15/39

      7,000,000      6,759,375

4.375%, 11/15/39

      7,300,000      6,903,063

4.625%, 2/15/40

      4,900,000      4,829,563

U.S. Treasury Notes

      

0.875%, 4/30/11

      1,000,000      1,004,102

4.875%, 4/30/11

      1,000,000      1,047,188

0.875%, 5/31/11

      18,028,000      18,105,466

4.875%, 5/31/11

      5,500,000      5,778,652

1.125%, 6/30/11^

      5,000,000      5,036,330

5.125%, 6/30/11

      4,300,000      4,544,563

1.000%, 7/31/11

      5,000,000      5,025,780

4.875%, 7/31/11

      2,000,000      2,113,204

5.000%, 8/15/11

      6,000,000      6,360,468

1.000%, 8/31/11

      8,000,000      8,036,872

4.625%, 8/31/11

      7,000,000      7,389,648

1.000%, 9/30/11

      9,000,000      9,036,207

4.500%, 9/30/11

      5,800,000      6,125,798

1.000%, 10/31/11

      5,000,000      5,017,385

4.625%, 10/31/11

      7,000,000      7,424,921

1.750%, 11/15/11

      5,000,000      5,075,390

0.750%, 11/30/11

      3,000,000      2,995,899

4.500%, 11/30/11

      6,600,000      7,003,220

1.125%, 12/15/11

      11,500,000      11,551,209

1.000%, 12/31/11

      6,000,000      6,011,952

4.625%, 12/31/11

      9,300,000      9,905,588

1.125%, 1/15/12

      5,000,000      5,018,360

0.875%, 1/31/12^

      5,000,000      4,994,140

4.750%, 1/31/12

      5,000,000      5,349,610

1.375%, 2/15/12

      5,000,000      5,038,865

4.875%, 2/15/12

      3,300,000      3,541,570

0.875%, 2/29/12^

      10,000,000      9,979,300

1.375%, 3/15/12

      5,000,000      5,038,280

1.000%, 3/31/12

      5,000,000      4,997,650

4.500%, 3/31/12

      3,300,000      3,528,165

1.375%, 4/15/12

      2,000,000      2,013,906

1.375%, 5/15/12

      3,000,000      3,018,516

4.750%, 5/31/12

      5,000,000      5,389,455

1.875%, 6/15/12

      5,000,000      5,081,640

4.625%, 7/31/12

      600,000      647,578

1.750%, 8/15/12

      3,500,000      3,542,931

4.375%, 8/15/12

      5,000,000      5,372,655

4.125%, 8/31/12

      3,000,000      3,206,250

1.375%, 9/15/12

      5,000,000      5,010,940

1.375%, 10/15/12

      5,000,000      5,006,250

1.375%, 11/15/12

      3,000,000      2,999,298

4.000%, 11/15/12

      3,300,000      3,526,875

1.125%, 12/15/12

    $ 7,000,000    $ 6,939,296

3.625%, 12/31/12

      4,000,000      4,236,248

1.375%, 1/15/13

      5,000,000      4,983,985

1.375%, 2/15/13

      6,000,000      5,971,872

3.875%, 2/15/13

      5,300,000      5,655,678

2.750%, 2/28/13

      4,000,000      4,139,688

1.375%, 3/15/13

      5,000,000      4,970,700

3.125%, 4/30/13

      2,500,000      2,613,280

3.625%, 5/15/13

      8,000,000      8,486,872

3.500%, 5/31/13

      2,000,000      2,113,438

3.375%, 6/30/13

      4,000,000      4,209,064

3.375%, 7/31/13

      3,000,000      3,157,032

4.250%, 8/15/13

      7,500,000      8,116,410

3.125%, 8/31/13

      5,000,000      5,217,190

3.125%, 9/30/13

      4,300,000      4,483,756

2.750%, 10/31/13

      3,000,000      3,086,952

4.250%, 11/15/13

      4,000,000      4,332,812

2.000%, 11/30/13

      6,000,000      6,010,314

1.500%, 12/31/13

      7,000,000      6,870,934

1.750%, 1/31/14

      9,500,000      9,392,384

4.000%, 2/15/14

      4,000,000      4,299,064

1.875%, 2/28/14

      8,500,000      8,428,277

1.750%, 3/31/14

      7,000,000      6,895,000

1.875%, 4/30/14

      5,000,000      4,939,455

4.750%, 5/15/14

      6,000,000      6,624,372

2.250%, 5/31/14

      5,500,000      5,507,304

2.625%, 6/30/14

      7,000,000      7,103,362

2.625%, 7/31/14

      66,935,000      67,850,135

4.250%, 8/15/14^

      5,600,000      6,072,500

2.375%, 8/31/14^

      26,940,000      27,003,147

2.375%, 9/30/14^

      5,000,000      5,001,560

2.375%, 10/31/14

      7,500,000      7,490,040

4.250%, 11/15/14

      7,500,000      8,127,540

2.125%, 11/30/14

      5,000,000      4,934,375

2.625%, 12/31/14

      2,500,000      2,517,970

2.250%, 1/31/15^

      62,905,000      62,221,915

4.000%, 2/15/15

      4,700,000      5,031,938

2.375%, 2/28/15

      6,500,000      6,455,345

2.500%, 3/31/15

      19,645,000      19,589,798

4.125%, 5/15/15

      8,000,000      8,603,752

4.250%, 8/15/15

      6,300,000      6,802,034

4.500%, 11/15/15

      3,000,000      3,277,968

4.500%, 2/15/16

      5,000,000      5,446,485

2.625%, 2/29/16

      6,000,000      5,896,872

2.375%, 3/31/16

      750,000      725,391

5.125%, 5/15/16

      1,000,000      1,122,344

3.250%, 5/31/16

      2,000,000      2,025,156

3.250%, 7/31/16

      800,000      808,313

4.875%, 8/15/16

      1,600,000      1,773,125

3.000%, 8/31/16

      3,000,000      2,978,202

3.000%, 9/30/16

      3,500,000      3,467,188

3.125%, 10/31/16

      3,000,000      2,989,686

2.750%, 11/30/16

      500,000      486,211

3.250%, 12/31/16

      500,000      500,664

3.125%, 1/31/17

      5,500,000      5,460,901

4.625%, 2/15/17

      1,600,000      1,743,374

3.000%, 2/28/17^

      5,000,000      4,921,485

3.250%, 3/31/17

      3,000,000      2,996,250

4.500%, 5/15/17

      4,000,000      4,318,752

4.750%, 8/15/17

      2,800,000      3,062,718

4.250%, 11/15/17

      3,300,000      3,490,780

3.500%, 2/15/18

      5,000,000      5,015,235

3.875%, 5/15/18

      5,800,000      5,946,357

4.000%, 8/15/18

      4,200,000      4,326,328

3.750%, 11/15/18

      39,264,600      39,562,147

 

See Notes to Portfolio of Investments.

446

EQ ADVISORS TRUST

EQ/QUALITY BOND PLUS PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Principal
Amount		    Value
(Note 1)		  

2.750%, 2/15/19

    $ 6,000,000    $ 5,569,218   

3.125%, 5/15/19

      7,000,000      6,666,954   

3.625%, 8/15/19

      10,250,000      10,125,073   

3.375%, 11/15/19

      72,115,000      69,585,350   

3.625%, 2/15/20^

      14,575,000      14,326,773   
           
        1,023,458,818   
           

Total Government Securities

         2,343,527,998   
           

Total Long-Term Debt Securities (98.8%)
(Cost $3,360,605,951)

      3,451,690,935   
           
     Number of
Shares		    Value
(Note 1)		  

PREFERRED STOCKS:

      

Financials (0.0%)

      

Thrifts & Mortgage Finance (0.0%)

      

Fannie Mae

      

0.000%(l)*

      32,375      41,116   

Freddie Mac

      

0.000%(l)*

      24,725      31,401   
           

Total Preferred Stocks (0.0%)
(Cost $1,427,500)

         72,517   
           

COMMON STOCKS:

      

Financials (0.0%)

      

Diversified Financial Services (0.0%)

      

Citigroup Capital*
(Cost $1,025,000)

      41,000    $ 1,052,470   
           

Total Financials

         1,052,470   
           

Information Technology (0.0%)

      

Computers & Peripherals (0.0%)

      

Axiohm Transaction Solutions, Inc. (b)*†
(Cost $523,826)

      4,056    $ —     
           

Total Information Technology

         —     
           

Total Common Stocks (0.0%)
(Cost $1,548,826)

         1,052,470   
           
     Principal
Amount		    Value
(Note 1)		  

SHORT-TERM INVESTMENTS:

      

Government Securities (4.7%)

      

Federal Home Loan Bank

      

0.00%, 4/1/10 (o)(p)

    $ 40,000,000      40,000,000   

U.S. Treasury Bills

      

0.00%, 4/1/10 (p)

      50,000,000      50,000,000   

0.15%, 4/15/10 (p)

      72,800,000      72,795,559   
           

Total Government Securities

         162,795,559   
           

Short-Term Investments of Cash Collateral for Securities Loaned (0.5%)

   

Credit Agricole S.A./New York

      

0.41%, 7/2/10 (l)

      4,999,541      5,000,027   

Goldman Sachs & Co., Repurchase Agreement

   

0.01%, 4/1/10 (v)

      9,399,742      9,399,742   

Pricoa Global Funding I

      

0.40%, 6/25/10 (l)

    $ 4,999,874    $ 4,968,345   
           

Total Short-Term Investments of Cash Collateral for Securities Loaned

      19,368,114   
           

Time Deposit (1.9%)

      

JPMorgan Chase Nassau

      

0.000%, 4/1/10

      65,977,634      65,977,634   
           

Total Short-Term Investments (7.1%)
(Cost/Amortized Cost $248,172,900)

      248,141,307   
           

Total Investments (105.9%)
(Cost/Amortized Cost $3,611,755,177)

         3,700,957,229   

Other Assets Less Liabilities (-5.9%)

      (206,794,462 ) 
           

Net Assets (100%)

       $ 3,494,162,767   
           

 

* Non-income producing.

 

^ All, or a portion of security out on loan (See Note 1).

 

† Securities (totaling $0 or 0.0% of net assets) at fair value by management.

 

§ Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may only be resold to qualified institutional buyers. At March 31, 2010, the market value of these securities amounted to $78,637,695 or 2.3% of net assets. Securities denoted with “§” but without “b” have been determined to be liquid under the guidelines established by the Board of Trustees. To the extent any securities might provide a right to demand registration, such rights have not been relied upon when determining liquidity.

 

(b) Illiquid Security.

 

(e) Step Bond - Coupon rate increases in increments to maturity. Rate disclosed is as of March 31, 2010. Maturity date disclosed is the ultimate maturity date.

 

(l) Floating Rate Security. Rate disclosed is as of March 31, 2010.

 

(m) Regulation S is an exemption for securities offerings that are made outside of the United States and do not involve direct selling efforts in the United States. Resale restrictions may apply for purposes of the Securities Act of 1933.

 

(o) Discount Note Security. Effective rate calculated as of March 31, 2010.

 

(p) Yield to maturity.

 

(v) Represents the Portfolio’s undivided interest in a joint repurchase agreement. The repurchase agreement was fully collateralized by U.S. government agency securities at the date of this Portfolio of Investments as follows: Government National Mortgage Association, 3.500%- 15.000%, maturing 7/15/10 to 3/20/40, which had a total value of $9,587,737.

Glossary:

CMO — Collateralized Mortgage Obligation

EUR — European Currency Unit

TBA — Security is subject to delayed delivery.

TIPS — Treasury Inflation Protected Security

 

See Notes to Portfolio of Investments.

447

EQ ADVISORS TRUST

EQ/QUALITY BOND PLUS PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

At March 31, 2010, the Portfolio had outstanding foreign currency contracts to buy/sell foreign currencies as follows: (Note 1)

 

     Local
Contract  Buy
Amount
(000’s)		    U.S. $
Current
Buy
Value		    U.S. $
Current
Sell
Value		    Unrealized
Appreciation/
(Depreciation)		  

Foreign Currency Buy Contracts

            

European Union Euro vs. U.S. Dollar, expiring 6/16/10

    16,957    $ 22,902,634    $ 22,833,451    $ 69,183   

European Union Euro vs. U.S. Dollar, expiring 6/16/10

    28      38,156      37,840      316   

New Zealand Dollar vs. U.S. Dollar, expiring 5/25/10

    3,161      2,238,054      2,207,389      30,665   
                 
            $ 100,164   
                 
     Local
Contract  Sell
Amount
(000’s)		    U.S. $
Current
Buy
Value		    U.S. $
Current
Sell
Value		    Unrealized
Appreciation/
(Depreciation)		  

Foreign Currency Sell Contracts

            

European Union Euro vs. U.S. Dollar, expiring 6/16/10

    17,481    $ 23,622,014    $ 23,610,127    $ 11,887   

New Zealand Dollar vs. U.S. Dollar, expiring 5/25/10

    3,161      2,218,168      2,238,053      (19,885 ) 
                 
            $ (7,998 ) 
                 
            $ 92,166   
                 

The following is a summary of the inputs used to value the Portfolio’s assets and liabilities carried at fair value as of March 31, 2010:

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, money market securities are valued using amortized cost, in accordance with rules under the Investment Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active market, such securities are reflected as Level 2.

Various inputs are used in determining the value of the Portfolio’s investments. These inputs are summarized in the three broad levels listed below:

 

Investment Type

    Level 1
Quoted prices in  active
markets for identical
securities		    Level 2
Significant other
observable inputs
(including quoted prices
for similar securities,
interest rates,
prepayment speeds,
credit risk, etc.)		    Level 3
Significant unobservable
inputs (including the
Portfolio’s own
assumptions in
determining the fair
value of investments)		    Total

Assets:

            

Asset-Backed and Mortgage-Backed Securities

            

Asset-Backed Securities

    $ —      $ 23,361,150    $ —      $ 23,361,150

Non-Agency CMO

      —        171,020,185      —        171,020,185

Common Stocks

            

Financials

      —        1,052,470      —        1,052,470

Information Technology

      —        —        —        —  

Corporate Bonds

            

Consumer Discretionary

      —        78,197,075      —        78,197,075

Consumer Staples

      —        65,637,793      —        65,637,793

Energy

      —        81,049,510      —        81,049,510

Financials

      —        370,507,876      —        370,507,876

Health Care

      —        50,107,996      —        50,107,996

Industrials

      —        49,630,382      —        49,630,382

Information Technology

      —        26,192,106      —        26,192,106

Materials

      —        65,410,804      —        65,410,804

Telecommunication Services

      —        58,196,776      —        58,196,776

Utilities

      —        68,851,284      —        68,851,284

Forward Currency Contracts Government Securities

      —        112,051      —        112,051

Agency ABS

      —        4,580,144      —        4,580,144

Agency CMO

      —        9,316,966      —        9,316,966

Foreign Governments

      —        52,085,658      —        52,085,658

Municipal Bonds

      —        7,921,925      —        7,921,925

Supranational

      —        42,287,093      —        42,287,093

U.S. Government Agencies

      —        1,203,877,394      —        1,203,877,394

 

See Notes to Portfolio of Investments.

448

EQ ADVISORS TRUST

EQ/QUALITY BOND PLUS PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

Investment Type

    Level 1
Quoted prices  in active
markets for identical
securities		    Level 2
Significant other
observable inputs
(including quoted prices
for similar securities,
interest rates,
prepayment speeds,
credit risk, etc.)		     Level 3
Significant  unobservable
inputs (including the
Portfolio’s own
assumptions in
determining the fair
value of investments)		    Total  

U.S. Treasuries

    $ —      $ 1,023,458,818      $ —      $ 1,023,458,818   

Preferred Stocks

           

Financials

      72,517      —          —        72,517   

Short-Term Investments

      —        248,141,307        —        248,141,307   
                              

Total Assets

    $ 72,517    $ 3,700,996,763      $ —      $ 3,701,069,280   
                              

Liabilities:

           

Forward Currency Contracts

    $ —      $ (19,885 )    $ —      $ (19,885 ) 
                              

Total Liabilities

    $ —      $ (19,885 )    $ —      $ (19,885 ) 
                              

Total

    $ 72,517    $ 3,700,976,878      $ —      $ 3,701,049,395   
                              

Investment security transactions for the three months ended March 31, 2010 were as follows:

 

Cost of Purchases:

   

Stocks and long-term corporate debt securities

    $ 653,686,801

Long-term U.S. Treasury securities

      268,812,152
      
   $ 922,498,953
      

Net Proceeds of Sales and Redemptions:

   

Stocks and long-term corporate debt securities

    $ 797,626,445

Long-term U.S. Treasury securities

      117,162,646
      
   $ 914,789,091
      

As of March 31, 2010, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investments for Federal income tax purposes was as follows:

 

Aggregate gross unrealized appreciation

    $ 122,557,634   

Aggregate gross unrealized depreciation

      (34,989,324 ) 
        

Net unrealized appreciation

    $ 87,568,310   
        

Federal income tax cost of investments

    $ 3,613,388,919   
        

At March 31, 2010, the Portfolio had loaned securities with a total value of $19,011,524. This was secured by collateral of $19,399,157, which was received as cash and subsequently invested in short-term investments currently valued at $19,368,114, as reported in the Portfolio of Investments.

The Portfolio has a net capital loss carryforward of $212,896,683 of which $2,157,878 expires in the year 2010, $431,165 expires in the year 2013, $21,239,747 expires in the year 2014, $7,279,445 expires in the year 2015, $63,492,926 expires in the year 2016, and $118,295,522 expires in the year 2017.

Included in the capital loss carryforward amounts are $23,147,934 of losses acquired from EQ/Caywood-Scholl High Yield as a result of a tax free reorganization that occurred during the year 2009. Certain capital loss carryforwards may be subject to limitations on use pursuant to applicable U.S. Federal Income Tax Law. Therefore, it is possible not all of these capital losses will be available for use.

 

See Notes to Portfolio of Investments.

449

EQ ADVISORS TRUST

EQ/SMALL COMPANY INDEX PORTFOLIO

PORTFOLIO OF INVESTMENTS

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

COMMON STOCKS:

      

Consumer Discretionary (14.8%)

      

Auto Components (0.8%)

      

American Axle & Manufacturing Holdings, Inc.*^

    62,775    $ 626,494

ArvinMeritor, Inc.*^

    68,135      909,602

Cooper Tire & Rubber Co.

    55,722      1,059,832

Dana Holding Corp.*

    118,365      1,406,176

Dorman Products, Inc.*^

    12,143      230,596

Drew Industries, Inc.*

    18,670      411,113

Fuel Systems Solutions, Inc.*

    11,658      372,590

Modine Manufacturing Co.*^

    39,726      446,520

Raser Technologies, Inc.*^

    35,354      35,354

Standard Motor Products, Inc.

    17,181      170,436

Superior Industries International, Inc.

    16,146      259,628

Tenneco, Inc.*

    52,397      1,239,189
         
        7,167,530
         

Automobiles (0.0%)

      

Winnebago Industries, Inc.*

    18,846      275,340
         

Distributors (0.0%)

      

Audiovox Corp., Class A*

    20,901      162,610

Core-Mark Holding Co., Inc.*

    8,810      269,674
         
        432,284
         

Diversified Consumer Services (1.4%)

      

American Public Education, Inc.*

    16,907      787,866

Bridgepoint Education, Inc.*^

    12,904      317,180

Capella Education Co.*^

    12,845      1,192,530

ChinaCast Education Corp.*

    30,491      222,889

Coinstar, Inc.*^

    28,586      929,045

Corinthian Colleges, Inc.*^

    76,921      1,353,040

CPI Corp.

    11,159      154,664

Grand Canyon Education, Inc.*

    14,848      388,127

Jackson Hewitt Tax Service, Inc.*^

    21,276      42,552

K12, Inc.*

    21,984      488,265

Mac-Gray Corp.

    14,347      161,978

Matthews International Corp., Class A

    26,639      945,685

Pre-Paid Legal Services, Inc.*

    5,247      198,599

Regis Corp.

    53,252      994,747

Sotheby’s, Inc.

    60,802      1,890,334

Steiner Leisure Ltd.*^

    13,032      577,578

Stewart Enterprises, Inc., Class A^

    69,487      434,294

Universal Technical Institute, Inc.*

    19,093      435,702
         
        11,515,075
         

Hotels, Restaurants & Leisure (2.6%)

      

AFC Enterprises, Inc.*^

    1,000      10,730

Ambassadors Group, Inc.

    18,284      202,038

Ameristar Casinos, Inc.^

    22,251      405,413

Bally Technologies, Inc.*

    46,240      1,874,570

BJ’s Restaurants, Inc.*^

    13,634      317,672

Bob Evans Farms, Inc.

    27,190      840,443

Buffalo Wild Wings, Inc.*^

    16,900      813,059

California Pizza Kitchen, Inc.*

    15,972      268,170

CEC Entertainment, Inc.*

    18,498      704,589

Cheesecake Factory, Inc.*

    56,521      1,529,458

Churchill Downs, Inc.

    6,793      254,738

CKE Restaurants, Inc.

    40,555      448,944

Cracker Barrel Old Country Store, Inc.

    20,623      956,495

Denny’s Corp.*

    79,400      304,896

DineEquity, Inc.*

    16,481      651,494

Domino’s Pizza, Inc.*

    31,513      429,837

Dover Downs Gaming & Entertainment, Inc.

    5,620    $ 22,255

Einstein Noah Restaurant Group, Inc.*

    709      8,614

Gaylord Entertainment Co.*

    38,876      1,138,678

Interval Leisure Group, Inc.*

    36,800      535,808

Jack in the Box, Inc.*^

    54,639      1,286,748

Life Time Fitness, Inc.*

    37,500      1,053,750

Morgans Hotel Group Co.*

    35,602      228,209

Orient-Express Hotels Ltd., Class A*

    71,509      1,013,998

P.F. Chang’s China Bistro, Inc.*

    22,760      1,004,399

Papa John’s International, Inc.*

    17,571      451,750

Peet’s Coffee & Tea, Inc.*

    12,568      498,321

Pinnacle Entertainment, Inc.*

    55,600      541,544

Red Robin Gourmet Burgers, Inc.*^

    14,746      360,392

Ruby Tuesday, Inc.*^

    49,828      526,682

Shuffle Master, Inc.*

    59,049      483,611

Sonic Corp.*

    51,138      565,075

Steak n Shake Co.*

    1,491      568,474

Texas Roadhouse, Inc.*

    39,618      550,294

Town Sports International Holdings, Inc.*^

    3,439      13,447

Vail Resorts, Inc.*

    26,794      1,074,171
         
        21,938,766
         

Household Durables (1.3%)

      

American Greetings Corp., Class A^

    42,357      882,720

Beazer Homes USA, Inc.*

    51,600      234,264

Ethan Allen Interiors, Inc.

    21,554      444,659

Helen of Troy Ltd.*

    28,998      755,688

Hooker Furniture Corp.

    1,960      31,517

Hovnanian Enterprises, Inc., Class A*^

    53,685      233,530

iRobot Corp.*

    21,242      322,029

La-Z-Boy, Inc.*

    49,009      614,573

Meritage Homes Corp.*

    29,039      609,819

National Presto Industries, Inc.

    3,572      424,746

Ryland Group, Inc.

    40,456      907,832

Sealy Corp.*^

    63,330      221,655

Standard Pacific Corp.*

    93,615      423,140

Tempur-Pedic International, Inc.*

    65,519      1,976,053

Tupperware Brands Corp.

    53,190      2,564,822

Universal Electronics, Inc.*

    11,319      252,866
         
        10,899,913
         

Internet & Catalog Retail (0.5%)

      

Blue Nile, Inc.*

    10,768      592,455

Drugstore.Com, Inc.*

    81,601      291,316

Gaiam, Inc., Class A

    27,694      229,860

HSN, Inc.*

    36,968      1,088,338

NutriSystem, Inc.^

    29,067      517,683

Orbitz Worldwide, Inc.*^

    32,831      233,428

PetMed Express, Inc.^

    18,009      399,260

Shutterfly, Inc.*

    21,797      525,090
         
        3,877,430
         

Leisure Equipment & Products (0.8%)

      

Brunswick Corp.

    82,858      1,323,242

Callaway Golf Co.^

    52,763      465,370

Eastman Kodak Co.*

    249,591      1,445,132

JAKKS Pacific, Inc.*

    21,998      287,074

Polaris Industries, Inc.

    25,351      1,296,957

Pool Corp.

    42,178      954,910

RC2 Corp.*

    15,807      236,631

Smith & Wesson Holding Corp.*^

    48,135      181,950

 

See Notes to Portfolio of Investments.

450

EQ ADVISORS TRUST

EQ/SMALL COMPANY INDEX PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Sturm Ruger & Co., Inc.^

    17,705    $ 212,283
         
        6,403,549
         

Media (1.0%)

      

Arbitron, Inc.^

    24,981      665,993

Ascent Media Corp., Class A*

    13,131      357,820

Belo Corp., Class A

    76,323      520,523

Cinemark Holdings, Inc.

    29,678      544,295

CKX, Inc.*

    49,418      302,932

Dolan Media Co.*^

    23,219      252,391

Global Sources Ltd.*

    31,303      203,783

Harte-Hanks, Inc.^

    36,841      473,775

Journal Communications, Inc., Class A*

    1,360      5,712

Knology, Inc.*

    36,304      487,926

LIN TV Corp., Class A*

    5,129      29,492

Live Nation Entertainment, Inc.*

    116,413      1,687,988

National CineMedia, Inc.

    38,023      656,277

Playboy Enterprises, Inc., Class B*

    1,417      5,186

PRIMEDIA, Inc.

    3,602      12,391

RCN Corp.*

    30,227      455,823

Scholastic Corp.^

    22,160      620,480

Valassis Communications, Inc.*

    44,834      1,247,730

Value Line, Inc.

    2,481      57,286

World Wrestling Entertainment, Inc., Class A^

    19,862      343,613
         
        8,931,416
         

Multiline Retail (0.4%)

      

99 Cents Only Stores*

    41,149      670,729

Dillard’s, Inc., Class A

    42,333      999,059

Fred’s, Inc., Class A

    35,015      419,480

Saks, Inc.*

    110,616      951,297
         
        3,040,565
         

Specialty Retail (3.5%)

      

AnnTaylor Stores Corp.*^

    54,504      1,128,233

Asbury Automotive Group, Inc.*

    30,242      402,219

Big 5 Sporting Goods Corp.^

    29,655      451,349

Borders Group, Inc.*

    81,131      139,545

Brown Shoe Co., Inc.^

    39,863      617,079

Buckle, Inc.^

    23,389      859,780

Cabela’s, Inc.*

    35,935      628,503

Cato Corp., Class A

    23,623      506,477

Charming Shoppes, Inc.*

    107,653      587,785

Children’s Place Retail Stores, Inc.*

    21,690      966,289

Citi Trends, Inc.*

    15,079      489,163

Coldwater Creek, Inc.*

    47,200      327,568

Collective Brands, Inc.*

    60,250      1,370,085

Conn’s, Inc.*^

    15,400      120,582

Dress Barn, Inc.*

    50,712      1,326,626

DSW, Inc., Class A*

    10,100      257,853

Finish Line, Inc., Class A

    40,613      662,804

Genesco, Inc.*

    20,857      646,776

Group 1 Automotive, Inc.*^

    19,837      632,007

Gymboree Corp.*

    26,615      1,374,132

hhgregg, Inc.*

    11,300      285,212

Hibbett Sports, Inc.*^

    24,155      617,885

HOT Topic, Inc.*

    37,879      246,213

J. Crew Group, Inc.*

    46,806      2,148,395

Jo-Ann Stores, Inc.*

    23,333      979,519

JoS. A. Bank Clothiers, Inc.*

    15,725      859,371

Lumber Liquidators Holdings, Inc.*^

    14,176      378,074

Men’s Wearhouse, Inc.

    45,251      1,083,309

Monro Muffler Brake, Inc.

    14,403      515,051

OfficeMax, Inc.*

    70,987      1,165,607

Pacific Sunwear of California, Inc.*^

    54,300    $ 288,333

PEP Boys-Manny, Moe & Jack^

    39,777      399,759

Pier 1 Imports, Inc.*^

    98,656      628,439

Rent-A-Center, Inc.*

    62,903      1,487,656

Sally Beauty Holdings, Inc.*

    88,901      792,997

Sonic Automotive, Inc., Class A*

    22,725      249,975

Stage Stores, Inc.^

    36,374      559,796

Talbots, Inc.*^

    20,300      263,088

Tractor Supply Co.

    31,785      1,845,119

Ulta Salon Cosmetics & Fragrance, Inc.*

    26,325      595,472

Wet Seal, Inc., Class A*^

    90,801      432,213

Zale Corp.*^

    20,055      54,951

Zumiez, Inc.*

    16,900      346,281
         
        29,717,570
         

Textiles, Apparel & Luxury Goods (2.5%)

      

American Apparel, Inc.*

    38,853      117,725

Carter’s, Inc.*

    54,072      1,630,271

Cherokee, Inc.^

    8,679      156,222

Columbia Sportswear Co.

    9,634      506,074

Crocs, Inc.*

    77,134      676,465

Deckers Outdoor Corp.*^

    11,801      1,628,538

Fossil, Inc.*

    42,180      1,591,873

G-III Apparel Group Ltd.*^

    12,100      333,476

Iconix Brand Group, Inc.*

    66,531      1,021,916

Jones Apparel Group, Inc.

    79,494      1,511,976

Liz Claiborne, Inc.*^

    88,465      657,295

Lululemon Athletica, Inc.*

    37,835      1,570,153

Maidenform Brands, Inc.*

    17,330      378,660

Oxford Industries, Inc.

    10,700      217,531

Perry Ellis International, Inc.*

    9,878      223,737

Quiksilver, Inc.*

    105,800      500,434

Skechers U.S.A., Inc., Class A*

    31,479      1,143,317

Steven Madden Ltd.*^

    15,990      780,312

Timberland Co., Class A*

    40,846      871,654

True Religion Apparel, Inc.*^

    23,610      716,800

Under Armour, Inc., Class A*^

    29,767      875,447

UniFirst Corp.

    12,705      654,307

Volcom, Inc.*

    25,203      491,963

Warnaco Group, Inc.*

    41,097      1,960,738

Wolverine World Wide, Inc.

    44,940      1,310,450
         
        21,527,334
         

Total Consumer Discretionary

         125,726,772
         

Consumer Staples (3.1%)

      

Beverages (0.1%)

      

Boston Beer Co., Inc., Class A*

    11,774      615,309

Heckmann Corp.*

    74,457      431,851
         
        1,047,160
         

Food & Staples Retailing (0.8%)

      

Andersons, Inc.

    14,406      482,313

Casey’s General Stores, Inc.

    47,113      1,479,348

Great Atlantic & Pacific Tea Co., Inc.*^

    38,177      292,818

Ingles Markets, Inc., Class A

    14,065      211,397

Nash Finch Co.^

    9,061      304,903

Pantry, Inc.*

    16,735      209,020

Pricesmart, Inc.

    9,952      231,384

Ruddick Corp.^

    36,902      1,167,579

Spartan Stores, Inc.

    17,070      246,149

Susser Holdings Corp.*

    15,744      133,037

United Natural Foods, Inc.*

    40,788      1,147,367

Village Super Market, Inc., Class A

    3,779      105,925

Weis Markets, Inc.^

    8,051      292,734

 

See Notes to Portfolio of Investments.

451

EQ ADVISORS TRUST

EQ/SMALL COMPANY INDEX PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Winn-Dixie Stores, Inc.*

    51,434    $ 642,411
         
        6,946,385
         

Food Products (1.4%)

      

AgFeed Industries, Inc.*^

    21,612      94,877

Alico, Inc.

    7,030      177,507

American Dairy, Inc.*^

    8,848      169,439

American Italian Pasta Co., Class A*

    19,499      757,926

Cal-Maine Foods, Inc.

    11,692      396,242

Chiquita Brands International, Inc.*^

    41,200      648,076

Darling International, Inc.*

    68,297      611,941

Diamond Foods, Inc.^

    14,137      594,319

Dole Food Co., Inc.*^

    30,236      358,297

Farmer Bros Co.

    9,617      180,223

Fresh Del Monte Produce, Inc.*

    37,404      757,431

Griffin Land & Nurseries, Inc.

    7,162      208,056

Hain Celestial Group, Inc.*

    37,980      658,953

HQ Sustainable Maritime Industries, Inc.*

    768      4,608

J&J Snack Foods Corp.

    11,703      508,729

Lancaster Colony Corp.^

    18,237      1,075,253

Lance, Inc.

    25,540      590,740

Lifeway Foods, Inc.*

    17,415      206,716

Sanderson Farms, Inc.

    17,293      927,078

Smart Balance, Inc.*

    59,595      386,176

Synutra International, Inc.*

    14,900      336,889

Tootsie Roll Industries, Inc.

    20,638      557,848

TreeHouse Foods, Inc.*

    28,333      1,242,969

Zhongpin, Inc.*

    29,817      378,676
         
        11,828,969
         

Household Products (0.1%)

      

Central Garden & Pet Co., Class A*

    61,133      559,978

WD-40 Co.

    12,027      394,847
         
        954,825
         

Personal Products (0.4%)

      

American Oriental Bioengineering, Inc.*^

    43,239      176,415

China Sky One Medical, Inc.*

    10,270      161,342

Elizabeth Arden, Inc.*^

    19,800      356,400

Mannatech, Inc.

    13,698      45,751

Medifast, Inc.*

    15,180      381,473

Nu Skin Enterprises, Inc., Class A

    46,059      1,340,317

Revlon, Inc., Class A*^

    16,600      246,510

USANA Health Sciences, Inc.*

    7,168      225,147
         
        2,933,355
         

Tobacco (0.3%)

      

Alliance One International, Inc.*^

    75,924      386,453

Star Scientific, Inc.*^

    67,907      173,163

Universal Corp.

    22,253      1,172,511

Vector Group Ltd.

    42,936      662,502
         
        2,394,629
         

Total Consumer Staples

         26,105,323
         

Energy (4.9%)

      

Energy Equipment & Services (1.6%)

      

Allis-Chalmers Energy, Inc.*

    50,155      177,549

Bolt Technology Corp.*^

    827      9,353

Bristow Group, Inc.*^

    27,080      1,021,728

Cal Dive International, Inc.*

    39,098      286,588

CARBO Ceramics, Inc.^

    18,461      1,150,859

Complete Production Services, Inc.*

    54,440      628,782

Dawson Geophysical Co.*^

    8,463      247,458

Dril-Quip, Inc.*

    24,705      1,503,052

ENGlobal Corp.*

    35,011      96,981

Forbes Energy Services Ltd.*

    8,600    $ 4,742

Global Industries Ltd.*

    92,802      595,789

Gulf Island Fabrication, Inc.

    10,396      226,113

Gulfmark Offshore, Inc., Class A*^

    19,255      511,220

Hercules Offshore, Inc.*^

    97,424      419,897

Hornbeck Offshore Services, Inc.*

    21,834      405,457

ION Geophysical Corp.*^

    82,900      407,868

Key Energy Services, Inc.*^

    115,072      1,098,938

Lufkin Industries, Inc.

    12,394      980,985

Matrix Service Co.*

    22,222      239,109

Natural Gas Services Group, Inc.*^

    10,277      163,096

Newpark Resources, Inc.*

    70,202      368,561

OYO Geospace Corp.*

    6,082      290,780

Parker Drilling Co.*

    102,029      503,003

PHI, Inc.*

    11,248      238,233

Pioneer Drilling Co.*

    47,367      333,464

RPC, Inc.

    26,148      291,027

Superior Well Services, Inc.*^

    11,848      158,526

T-3 Energy Services, Inc.*^

    11,250      276,300

TETRA Technologies, Inc.*

    70,061      856,145

Union Drilling, Inc.*

    27,798      171,236

Willbros Group, Inc.*

    31,198      374,688
         
        14,037,527
         

Oil, Gas & Consumable Fuels (3.3%)

      

Alon USA Energy, Inc.

    22,437      162,668

Apco Oil and Gas International, Inc.

    7,755      209,850

Approach Resources, Inc.*

    6,377      57,903

Arena Resources, Inc.*

    35,270      1,178,018

Atlas Energy, Inc.*

    57,376      1,785,541

ATP Oil & Gas Corp.*

    33,749      634,819

Berry Petroleum Co., Class A

    40,021      1,126,991

Bill Barrett Corp.*

    33,102      1,016,562

BPZ Resources, Inc.*

    73,455      539,894

Brigham Exploration Co.*

    82,896      1,322,191

Carrizo Oil & Gas, Inc.*^

    26,003      596,769

Clean Energy Fuels Corp.*

    29,059      661,964

Cloud Peak Energy, Inc.*

    25,577      425,601

Contango Oil & Gas Co.*^

    10,649      544,696

Crosstex Energy, Inc.*

    22,111      192,145

CVR Energy, Inc.*

    19,568      171,220

Delta Petroleum Corp.*^

    162,877      229,657

DHT Holdings, Inc.^

    42,163      165,279

General Maritime Corp.^

    37,717      271,185

GMX Resources, Inc.*^

    26,525      218,036

Golar LNG Ltd.*

    29,787      348,508

Goodrich Petroleum Corp.*

    22,492      351,775

Gran Tierra Energy, Inc.*

    199,797      1,178,802

Green Plains Renewable Energy, Inc.*

    17,600      251,152

Gulfport Energy Corp.*

    22,294      250,585

Harvest Natural Resources, Inc.*

    31,469      236,962

International Coal Group, Inc.*

    77,155      352,598

Isramco, Inc.*^

    200      13,110

James River Coal Co.*

    22,038      350,404

Jura Energy Corp.*

    6,900      238

Knightsbridge Tankers Ltd.

    16,250      275,275

McMoRan Exploration Co.*

    70,819      1,036,082

Nordic American Tanker Shipping Ltd.

    37,501      1,135,155

Northern Oil and Gas, Inc.*

    25,761      408,312

Oilsands Quest, Inc.*

    286,702      211,930

Panhandle Oil and Gas, Inc., Class A

    8,020      189,513

Patriot Coal Corp.*

    59,473      1,216,818

Penn Virginia Corp.

    39,395      965,178

Petroleum Development Corp.*

    21,161      490,300

 

See Notes to Portfolio of Investments.

452

EQ ADVISORS TRUST

EQ/SMALL COMPANY INDEX PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

PetroQuest Energy, Inc.*^

    47,459    $ 238,719

PrimeEnergy Corp.*

    4,279      115,233

Rex Energy Corp.*^

    30,890      351,837

Rosetta Resources, Inc.*

    46,424      1,093,285

Ship Finance International Ltd.

    36,005      639,449

Stone Energy Corp.*

    32,982      585,431

Swift Energy Co.*

    34,769      1,068,799

Teekay Tankers Ltd., Class A^

    7,657      96,248

USEC, Inc.*

    96,814      558,617

VAALCO Energy, Inc.*

    43,353      214,164

Venoco, Inc.*

    18,600      238,638

W&T Offshore, Inc.^

    31,644      265,810

Western Refining, Inc.*^

    34,603      190,317

Westmoreland Coal Co.*^

    260      3,281

World Fuel Services Corp.^

    54,116      1,441,650
         
        27,875,164
         

Total Energy

         41,912,691
         

Financials (20.8%)

      

Capital Markets (2.5%)

      

Allied Capital Corp.*

    166,332      826,670

American Capital Ltd.*

    261,164      1,326,713

Apollo Investment Corp.

    151,403      1,927,360

Ares Capital Corp.

    108,180      1,605,391

Artio Global Investors, Inc.

    23,269      575,675

BGC Partners, Inc., Class A

    39,339      240,361

BlackRock Kelso Capital Corp.

    18,769      186,939

Broadpoint Gleacher Securities, Inc.*

    40,452      161,808

Calamos Asset Management, Inc., Class A

    15,571      223,288

Capital Southwest Corp.

    2,190      199,027

Cohen & Steers, Inc.

    14,609      364,641

Diamond Hill Investment Group, Inc.^

    1,713      117,512

Duff & Phelps Corp., Class A

    12,595      210,840

E*TRADE Financial Corp.*

    1,317,587      2,174,019

Evercore Partners, Inc., Class A^

    12,311      369,330

Fifth Street Finance Corp.^

    29,609      343,760

GAMCO Investors, Inc., Class A^

    6,558      298,389

GFI Group, Inc.

    57,997      335,223

Gladstone Capital Corp.

    18,501      218,312

Gladstone Investment Corp.

    1,004      6,004

Hercules Technology Growth Capital, Inc.

    43,007      455,444

International Assets Holding Corp.*

    10,976      164,311

KBW, Inc.*

    32,433      872,448

Knight Capital Group, Inc., Class A*

    87,405      1,332,926

Kohlberg Capital Corp.^

    675      3,821

LaBranche & Co., Inc.*

    42,908      225,696

MCG Capital Corp.*

    86,536      450,853

MF Global Holdings Ltd.*^

    90,082      726,962

NGP Capital Resources Co.^

    9,741      82,993

optionsXpress Holdings, Inc.*^

    37,127      604,799

PennantPark Investment Corp.

    21,558      223,341

Penson Worldwide, Inc.*

    15,149      152,550

Piper Jaffray Cos., Inc.*

    18,581      748,814

Prospect Capital Corp.^

    44,345      538,792

Riskmetrics Group, Inc.*^

    19,653      444,354

Safeguard Scientifics, Inc.*^

    15,827      205,751

Stifel Financial Corp.*^

    27,661      1,486,779

SWS Group, Inc.^

    20,283      233,863

Thomas Weisel Partners Group, Inc.*

    1,897      7,436

TradeStation Group, Inc.*

    27,700      194,177

U.S. Global Investors, Inc., Class A

    10,926      108,058

Virtus Investment Partners, Inc.*

    3,578    $ 74,566

Westwood Holdings Group, Inc.

    4,297      158,130
         
        21,208,126
         

Commercial Banks (6.1%)

      

1st Source Corp.^

    10,620      186,381

Ames National Corp.^

    7,850      157,393

Arrow Financial Corp.

    7,495      201,541

BancFirst Corp.

    6,297      263,907

Banco Latinoamericano de Comercio Exterior S.A.

    24,681      354,419

Bank of Kentucky Financial Corp.

    8,212      163,747

Bank of the Ozarks, Inc.^

    11,169      393,037

Banner Corp.^

    10,332      39,675

Boston Private Financial Holdings, Inc.^

    61,370      452,297

Bridge Bancorp, Inc.

    7,581      177,395

Bryn Mawr Bank Corp.

    7,680      139,392

Camden National Corp.

    6,493      208,490

Cardinal Financial Corp.

    22,843      243,963

Cathay General Bancorp

    64,847      755,468

Centerstate Banks, Inc.

    9,493      116,289

Central Pacific Financial Corp.*^

    41,568      69,834

Chemical Financial Corp.

    22,141      522,970

Citizens & Northern Corp.

    9,802      123,015

Citizens Holding Co.

    6,882      169,848

Citizens Republic Bancorp, Inc.*

    335,212      395,550

City Holding Co.

    14,550      498,919

CoBiz Financial, Inc.

    17,121      106,664

Columbia Banking System, Inc.

    25,455      516,991

Community Bank System, Inc.

    25,878      589,501

Community Trust Bancorp, Inc.

    13,296      360,189

CVB Financial Corp.^

    79,187      786,327

Danvers Bancorp, Inc.^

    15,688      216,965

East West Bancorp, Inc.

    91,989      1,602,448

Enterprise Financial Services Corp.

    11,395      126,029

F.N.B. Corp./Pennsylvania

    106,351      862,507

Farmers Capital Bank Corp.

    7,127      61,078

Financial Institutions, Inc.

    13,885      202,999

First Bancorp, Inc./Maine^

    1,519      24,213

First Bancorp/North Carolina^

    12,510      169,135

First BanCorp/Puerto Rico^

    57,149      137,729

First Busey Corp.

    9,106      40,249

First Commonwealth Financial Corp.

    76,813      515,415

First Financial Bancorp

    47,316      841,752

First Financial Bankshares, Inc.^

    19,208      990,172

First Financial Corp./Indiana^

    10,238      296,492

First Merchants Corp.^

    14,152      98,498

First Midwest Bancorp, Inc./Illinois

    61,668      835,601

First South Bancorp, Inc./North Carolina

    1,895      23,687

FirstMerit Corp.

    76,240      1,644,497

Glacier Bancorp, Inc.

    53,214      810,449

Great Southern Bancorp, Inc.^

    8,530      191,413

Guaranty Bancorp*

    32,177      51,161

Hampton Roads Bankshares, Inc.^

    27,021      42,153

Hancock Holding Co.

    22,533      942,105

Harleysville National Corp.

    36,631      245,428

Home Bancshares, Inc./Arkansas

    16,137      426,662

IBERIABANK Corp.

    22,185      1,331,322

Independent Bank Corp./Massachusetts

    19,586      482,991

International Bancshares Corp.

    46,090      1,059,609

Investors Bancorp, Inc.*

    38,148      503,554

Lakeland Bancorp, Inc.^

    23,228      205,568

 

See Notes to Portfolio of Investments.

453

EQ ADVISORS TRUST

EQ/SMALL COMPANY INDEX PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Lakeland Financial Corp.^

    12,777    $ 243,402

MainSource Financial Group, Inc.^

    34,881      234,749

MB Financial, Inc.^

    46,551      1,048,794

Merchants Bancshares, Inc.

    1,100      23,881

Metro Bancorp, Inc.*

    11,823      162,803

Nara Bancorp, Inc.*

    28,055      245,762

National Bankshares, Inc./Virginia

    8,044      219,199

National Penn Bancshares, Inc.

    107,391      740,998

NBT Bancorp, Inc.

    29,778      680,427

Northfield Bancorp, Inc./New Jersey

    13,959      202,126

Old National Bancorp/Indiana

    75,539      902,691

Old Second Bancorp, Inc.

    11,189      73,736

Oriental Financial Group, Inc.

    20,000      270,000

Orrstown Financial Services, Inc.

    5,265      133,573

Pacific Capital Bancorp N.A.*^

    40,372      73,073

Pacific Continental Corp.^

    15,630      164,115

PacWest Bancorp

    25,416      579,993

Park National Corp.

    10,148      632,322

Peoples Bancorp, Inc./Ohio

    10,220      168,426

Pinnacle Financial Partners, Inc.*^

    30,777      465,040

Premierwest Bancorp*^

    13,063      5,878

PrivateBancorp, Inc.

    44,370      607,869

Prosperity Bancshares, Inc.

    42,884      1,758,244

Renasant Corp.

    16,481      266,663

S&T Bancorp, Inc.^

    20,325      424,793

Sandy Spring Bancorp, Inc.

    14,151      212,265

Santander BanCorp*

    24,590      301,719

SCBT Financial Corp.^

    10,334      382,771

Shore Bancshares, Inc.

    8,434      120,185

Sierra Bancorp

    10,066      129,751

Signature Bank/New York*

    37,267      1,380,742

Simmons First National Corp., Class A

    11,201      308,812

Smithtown Bancorp, Inc.^

    14,090      58,192

South Financial Group, Inc.

    149,544      103,380

Southwest Bancorp, Inc./Oklahoma^

    15,157      125,348

State Bancorp, Inc./New York^

    5,196      40,893

StellarOne Corp.

    16,896      225,900

Sterling Bancorp/New York^

    21,698      218,065

Sterling Bancshares, Inc./Texas

    64,367      359,168

Sterling Financial Corp./Washington*^

    5,950      3,392

Suffolk Bancorp

    7,962      244,513

Sun Bancorp, Inc./New Jersey*

    26,699      105,194

Susquehanna Bancshares, Inc.^

    107,514      1,054,712

SVB Financial Group*^

    34,606      1,614,716

SY Bancorp, Inc.

    11,896      270,634

Texas Capital Bancshares, Inc.*

    32,423      615,713

Tompkins Financial Corp.^

    8,250      300,960

TowneBank/Virginia^

    16,182      225,901

Trico Bancshares^

    10,216      203,298

Trustmark Corp.^

    53,380      1,304,073

UMB Financial Corp.

    28,918      1,174,071

Umpqua Holdings Corp.

    81,704      1,083,395

Union First Market Bankshares Corp.^

    9,802      148,010

United Bankshares, Inc.

    34,217      897,170

United Community Banks, Inc./Georgia*

    69,740      307,553

Univest Corp. of Pennsylvania

    14,726      275,229

Washington Trust Bancorp, Inc.

    11,060      206,158

Webster Financial Corp.^

    62,765      1,097,760

WesBanco, Inc.^

    23,848      387,768

West Bancorp, Inc.^

    21,026      138,351

Westamerica Bancorp

    26,974      1,555,051

Western Alliance Bancorp*^

    38,960      221,682

Wintrust Financial Corp.^

    22,412    $ 833,951

Yadkin Valley Financial Corp.

    6,967      29,958
         
        51,570,044
         

Consumer Finance (0.5%)

      

Advance America Cash Advance Centers, Inc.

    38,977      226,846

Cardtronics, Inc.*

    23,000      289,110

Cash America International, Inc.^

    26,938      1,063,512

CompuCredit Holdings Corp.^

    37,046      191,157

Credit Acceptance Corp.*

    5,111      210,778

Dollar Financial Corp.*^

    21,405      515,004

EZCORP, Inc., Class A*

    41,796      860,998

First Cash Financial Services, Inc.*^

    20,968      452,280

Nelnet, Inc., Class A

    16,369      303,809

World Acceptance Corp.*

    15,781      569,378
         
        4,682,872
         

Diversified Financial Services (0.5%)

      

Asset Acceptance Capital Corp.*

    23,142      146,026

Compass Diversified Holdings

    13,698      209,031

Encore Capital Group, Inc.*

    11,444      188,254

Life Partners Holdings, Inc.

    1,297      28,754

MarketAxess Holdings, Inc.

    29,512      464,224

Medallion Financial Corp.

    12,930      102,923

NewStar Financial, Inc.*^

    15,228      97,155

PHH Corp.*

    48,915      1,152,927

PICO Holdings, Inc.*

    17,775      661,052

Portfolio Recovery Associates, Inc.*

    13,516      741,623

Primus Guaranty Ltd.*

    26,155      109,851

Resource America, Inc., Class A

    3,189      15,307
         
        3,917,127
         

Insurance (3.0%)

      

American Equity Investment Life Holding Co.

    49,493      527,100

American Safety Insurance Holdings Ltd.*

    9,506      157,705

Amtrust Financial Services, Inc.

    24,746      345,207

Argo Group International Holdings Ltd.

    26,939      877,942

Assured Guaranty Ltd.^

    103,666      2,277,542

Baldwin & Lyons, Inc., Class B

    6,923      166,775

Citizens, Inc./Texas*

    25,949      179,308

CNA Surety Corp.*^

    14,287      254,166

Conseco, Inc.*^

    210,501      1,309,316

Crawford & Co., Class B*^

    29,363      119,507

Delphi Financial Group, Inc., Class A

    38,659      972,660

Donegal Group, Inc., Class A^

    10,144      147,189

eHealth, Inc.*

    18,610      293,108

EMC Insurance Group, Inc.

    80      1,802

Employers Holdings, Inc.

    38,801      576,195

Enstar Group, Ltd.*

    5,188      358,802

FBL Financial Group, Inc., Class A

    10,900      266,832

First Mercury Financial Corp.^

    12,143      158,223

Flagstone Reinsurance Holdings Ltd.

    35,395      405,627

FPIC Insurance Group, Inc.*

    8,998      243,936

Greenlight Capital Reinsurance Ltd., Class A*

    26,793      714,837

Hallmark Financial Services*

    700      6,300

Harleysville Group, Inc.

    11,188      377,707

Hilltop Holdings, Inc.*

    41,884      492,137

Horace Mann Educators Corp.

    32,637      491,513

Infinity Property & Casualty Corp.

    11,552      524,923

Maiden Holdings Ltd.

    43,061      318,221

Max Capital Group Ltd.

    41,214      947,510

 

See Notes to Portfolio of Investments.

454

EQ ADVISORS TRUST

EQ/SMALL COMPANY INDEX PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Meadowbrook Insurance Group, Inc.^

    47,777    $ 377,438

Montpelier Reinsurance Holdings Ltd.

    66,093      1,111,023

National Financial Partners Corp.*

    34,969      493,063

National Western Life Insurance Co., Class A^

    1,505      277,447

Navigators Group, Inc.*

    12,303      483,877

Phoenix Cos., Inc.*^

    106,367      257,408

Platinum Underwriters Holdings Ltd.

    43,477      1,612,127

PMA Capital Corp., Class A*^

    26,583      163,220

Presidential Life Corp.

    14,858      148,134

ProAssurance Corp.*

    30,097      1,761,878

RLI Corp.^

    16,348      932,163

Safety Insurance Group, Inc.

    13,125      494,419

SeaBright Insurance Holdings, Inc.

    18,420      202,804

Selective Insurance Group, Inc.

    49,732      825,551

State Auto Financial Corp.

    11,834      212,420

Stewart Information Services Corp.^

    12,627      174,253

Tower Group, Inc.

    38,921      862,879

United America Indemnity Ltd., Class A*

    29,323      280,621

United Fire & Casualty Co.

    20,164      362,750

Zenith National Insurance Corp.

    32,591      1,248,887
         
        25,794,452
         

Real Estate Investment Trusts (REITs) (6.6%)

      

Acadia Realty Trust (REIT)

    32,673      583,540

Agree Realty Corp. (REIT)

    2,912      66,568

Alexander’s, Inc. (REIT)*^

    1,775      530,956

American Campus Communities, Inc. (REIT)

    49,333      1,364,551

American Capital Agency Corp. (REIT)

    13,944      356,966

Anworth Mortgage Asset Corp. (REIT)^

    86,911      585,780

Ashford Hospitality Trust, Inc. (REIT)*

    43,700      313,329

Associated Estates Realty Corp. (REIT)

    14,524      200,286

BioMed Realty Trust, Inc. (REIT)^

    92,597      1,531,554

CapLease, Inc. (REIT)^

    40,725      226,024

Capstead Mortgage Corp. (REIT)

    57,077      682,641

CBL & Associates Properties, Inc. (REIT)

    123,438      1,691,101

Cedar Shopping Centers, Inc. (REIT)

    33,046      261,394

Cogdell Spencer, Inc. (REIT)^

    3,600      26,640

Colonial Properties Trust (REIT)

    56,333      725,569

Colony Financial, Inc. (REIT)

    12,046      240,920

Cousins Properties, Inc. (REIT)

    68,427      568,628

Cypress Sharpridge Investments, Inc. (REIT)

    14,025      187,655

DCT Industrial Trust, Inc. (REIT)^

    189,900      993,177

Developers Diversified Realty Corp. (REIT)

    171,049      2,081,666

DiamondRock Hospitality Co. (REIT)*^

    110,098      1,113,091

DuPont Fabros Technology, Inc. (REIT)

    20,000      431,800

EastGroup Properties, Inc. (REIT)^

    21,827      823,751

Education Realty Trust, Inc. (REIT)

    41,294      237,028

Entertainment Properties Trust (REIT)

    35,114      1,444,239

Equity Lifestyle Properties, Inc. (REIT)

    23,549      1,268,820

Equity One, Inc. (REIT)

    29,786      562,658

Extra Space Storage, Inc. (REIT)

    74,533      945,079

FelCor Lodging Trust, Inc. (REIT)*

    54,972    $ 313,340

First Industrial Realty Trust, Inc. (REIT)*

    44,930      348,657

First Potomac Realty Trust (REIT)

    18,444      277,213

Franklin Street Properties Corp. (REIT)

    61,399      885,988

Getty Realty Corp. (REIT)

    15,620      365,508

Glimcher Realty Trust (REIT)

    52,932      268,365

Government Properties Income Trust (REIT)^

    10,566      274,822

Gramercy Capital Corp./New York (REIT)*^

    23,004      64,181

Hatteras Financial Corp. (REIT)^

    33,675      867,805

Healthcare Realty Trust, Inc. (REIT)

    55,958      1,303,262

Hersha Hospitality Trust (REIT)

    57,277      296,695

Highwoods Properties, Inc. (REIT)^

    60,195      1,909,987

Home Properties, Inc. (REIT)^

    30,450      1,425,060

Inland Real Estate Corp. (REIT)

    69,108      632,338

Invesco Mortgage Capital, Inc. (REIT)

    14,090      324,070

Investors Real Estate Trust (REIT)^

    53,396      481,632

iStar Financial, Inc. (REIT)*^

    84,651      388,548

Kilroy Realty Corp. (REIT)

    40,093      1,236,468

Kite Realty Group Trust (REIT)

    46,229      218,663

LaSalle Hotel Properties (REIT)^

    59,340      1,382,622

Lexington Realty Trust (REIT)

    79,136      515,175

LTC Properties, Inc. (REIT)

    21,469      580,951

Medical Properties Trust, Inc. (REIT)

    73,562      770,930

MFA Financial, Inc. (REIT)

    238,166      1,752,902

Mid-America Apartment Communities, Inc. (REIT)

    25,493      1,320,283

Mission West Properties, Inc. (REIT)

    22,180      152,598

Monmouth Real Estate Investment Corp. (REIT), Class A

    18,161      152,734

National Health Investors, Inc. (REIT)^

    21,328      826,673

National Retail Properties, Inc. (REIT)^

    73,387      1,675,425

NorthStar Realty Finance Corp. (REIT)

    50,399      212,180

Omega Healthcare Investors, Inc. (REIT)

    76,108      1,483,345

Parkway Properties, Inc./Maryland (REIT)

    18,372      345,026

Pebblebrook Hotel Trust (REIT)*

    15,543      326,869

Pennsylvania Real Estate Investment Trust (REIT)

    43,152      538,105

Pennymac Mortgage Investment Trust (REIT)*

    13,600      225,896

Post Properties, Inc. (REIT)

    42,099      927,020

Potlatch Corp. (REIT)

    34,544      1,210,422

PS Business Parks, Inc. (REIT)

    16,580      885,372

RAIT Financial Trust (REIT)*^

    71,852      142,267

Ramco-Gershenson Properties Trust (REIT)^

    22,079      248,610

Redwood Trust, Inc. (REIT)

    72,091      1,111,643

Resource Capital Corp. (REIT)

    7,794      52,687

Saul Centers, Inc. (REIT)

    5,456      225,878

Sovran Self Storage, Inc. (REIT)^

    23,362      814,399

Strategic Hotels & Resorts, Inc. (REIT)*^

    62,110      263,968

Sun Communities, Inc. (REIT)

    21,828      550,066

Sunstone Hotel Investors, Inc. (REIT)*^

    77,171      862,000

 

See Notes to Portfolio of Investments.

455

EQ ADVISORS TRUST

EQ/SMALL COMPANY INDEX PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Tanger Factory Outlet Centers (REIT)^

    37,421    $ 1,615,090

Universal Health Realty Income Trust (REIT)

    11,050      390,507

Urstadt Biddle Properties, Inc. (REIT), Class A^

    14,489      229,071

U-Store-It Trust (REIT)

    70,668      508,810

Walter Investment Management Corp. (REIT)

    19,568      313,088

Washington Real Estate Investment Trust (REIT)

    51,617      1,576,899
         
        56,117,524
         

Real Estate Management & Development (0.1%)

      

American Realty Investors, Inc.*

    2,150      23,113

Consolidated-Tomoka Land Co.^

    4,600      144,946

Forestar Group, Inc.*

    31,321      591,340

Tejon Ranch Co.*^

    7,802      238,117
         
        997,516
         

Thrifts & Mortgage Finance (1.5%)

      

Abington Bancorp, Inc.^

    15,485      122,332

Astoria Financial Corp.

    79,553      1,153,518

Bank Mutual Corp.^

    42,263      274,709

BankFinancial Corp.

    22,221      203,767

Beneficial Mutual Bancorp, Inc.*^

    22,754      215,708

Berkshire Hills Bancorp, Inc.

    9,094      166,693

Brookline Bancorp, Inc.

    54,077      575,379

Brooklyn Federal Bancorp, Inc.

    10,661      89,552

Clifton Savings Bancorp, Inc.

    18,221      168,909

Dime Community Bancshares, Inc.^

    18,101      228,616

Doral Financial Corp.*^

    53,363      229,995

ESB Financial Corp.

    14,058      181,208

ESSA Bancorp, Inc.

    9,839      123,381

First Financial Holdings, Inc.

    7,691      115,826

First Financial Northwest, Inc.

    14,936      102,013

Flagstar Bancorp, Inc.*

    422,700      253,620

Flushing Financial Corp.

    19,142      242,338

Home Federal Bancorp, Inc./Idaho

    12,482      181,114

Kearny Financial Corp.

    18,996      198,128

Meridian Interstate Bancorp, Inc.*^

    13,991      145,506

MGIC Investment Corp.*^

    116,461      1,277,577

NewAlliance Bancshares, Inc.^

    100,926      1,273,686

Northwest Bancshares, Inc.

    26,010      305,357

Ocwen Financial Corp.*

    51,485      570,969

Oritani Financial Corp.

    15,600      250,692

PMI Group, Inc.*^

    79,085      428,641

Provident Financial Services, Inc.

    55,316      658,260

Provident New York Bancorp

    34,745      329,383

Radian Group, Inc.^

    76,447      1,195,631

Rockville Financial, Inc.^

    1,000      12,190

Territorial Bancorp, Inc.

    10,395      197,817

TrustCo Bank Corp. NY/New York^

    70,354      434,084

United Financial Bancorp, Inc.

    13,745      192,155

Waterstone Financial, Inc.*

    20,918      75,723

Westfield Financial, Inc.

    29,414      270,315
         
        12,444,792
         

Total Financials

         176,732,453
         

Health Care (14.2%)

      

Biotechnology (3.9%)

      

Acorda Therapeutics, Inc.*

    32,435      1,109,277

Affymax, Inc.*^

    12,393      290,368

Alkermes, Inc.*

    83,825      1,087,210

Allos Therapeutics, Inc.*

    47,269      351,209

Alnylam Pharmaceuticals, Inc.*

    33,101      563,379

AMAG Pharmaceuticals, Inc.*^

    15,823    $ 552,381

Amicus Therapeutics, Inc.*

    13,473      42,979

Arena Pharmaceuticals, Inc.*^

    84,134      260,815

ARIAD Pharmaceuticals, Inc.*

    112,157      381,334

ArQule, Inc.*

    46,615      268,502

Array BioPharma, Inc.*^

    68,919      188,838

BioCryst Pharmaceuticals, Inc.*^

    21,203      139,304

Celera Corp.*

    71,271      506,024

Cell Therapeutics, Inc.*^

    438,221      236,946

Celldex Therapeutics, Inc.*

    16,278      99,947

Cepheid, Inc.*^

    53,849      941,281

Cubist Pharmaceuticals, Inc.*

    49,318      1,111,628

Cytokinetics, Inc.*

    46,685      149,392

Cytori Therapeutics, Inc.*

    3,720      16,963

Dyax Corp.*

    64,968      221,541

Enzon Pharmaceuticals, Inc.*

    41,114      418,541

Exelixis, Inc.*

    92,186      559,569

Facet Biotech Corp.*

    19,883      536,642

Genomic Health, Inc.*

    13,012      228,881

Geron Corp.*

    80,111      455,030

Halozyme Therapeutics, Inc.*

    55,035      439,730

Hemispherx Biopharma, Inc.*

    102,985      76,209

Human Genome Sciences, Inc.#*

    154,136      4,654,907

Idera Pharmaceuticals, Inc.*

    27,381      170,036

Immunogen, Inc.*^

    47,068      380,780

Incyte Corp.*^

    78,747      1,099,308

InterMune, Inc.*

    36,934      1,646,148

Isis Pharmaceuticals, Inc.*^

    84,998      928,178

Lexicon Pharmaceuticals, Inc.*

    121,679      180,085

Ligand Pharmaceuticals, Inc., Class B*

    82,360      144,130

MannKind Corp.*^

    48,416      317,609

Martek Biosciences Corp.*^

    30,182      679,397

Maxygen, Inc.*

    35,908      235,916

Medivation, Inc.*

    26,386      276,789

Metabolix, Inc.*

    21,834      265,938

Micromet, Inc.*^

    45,879      370,702

Momenta Pharmaceuticals, Inc.*^

    31,728      474,968

Myriad Pharmaceuticals, Inc.*

    22,562      101,980

Nabi Biopharmaceuticals*

    39,237      214,626

Nanosphere, Inc.*

    827      3,961

Neurocrine Biosciences, Inc.*^

    32,000      81,600

Novavax, Inc.*^

    71,059      164,146

NPS Pharmaceuticals, Inc.*^

    39,622      199,695

Onyx Pharmaceuticals, Inc.*

    57,384      1,737,588

Orexigen Therapeutics, Inc.*

    28,003      164,938

Osiris Therapeutics, Inc.*

    12,884      95,342

PDL BioPharma, Inc.^

    104,627      649,734

Pharmasset, Inc.*^

    19,699      527,933

Poniard Pharmaceuticals, Inc.*^

    3,400      3,910

Progenics Pharmaceuticals, Inc.*^

    44,898      239,306

Protalix BioTherapeutics, Inc.*^

    33,900      222,384

Regeneron Pharmaceuticals, Inc.*

    56,012      1,483,758

Rigel Pharmaceuticals, Inc.*

    45,840      365,345

Sangamo BioSciences, Inc.*^

    37,600      203,792

Savient Pharmaceuticals, Inc.*

    57,929      837,074

Seattle Genetics, Inc.*

    72,755      868,695

SIGA Technologies, Inc.*

    27,652      183,333

Spectrum Pharmaceuticals, Inc.*

    34,365      158,423

StemCells, Inc.*^

    128,784      149,389

Synta Pharmaceuticals Corp.*

    24,207      104,332

Theravance, Inc.*

    46,727      622,404

Vanda Pharmaceuticals, Inc.*

    24,822      286,446

Vical, Inc.*

    5,400      18,144

 

See Notes to Portfolio of Investments.

456

EQ ADVISORS TRUST

EQ/SMALL COMPANY INDEX PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

ZymoGenetics, Inc.*

    43,363    $ 248,470
         
        32,995,559
         

Health Care Equipment & Supplies (3.6%)

      

Abaxis, Inc.*

    16,862      458,478

ABIOMED, Inc.*^

    28,350      292,856

Align Technology, Inc.*

    57,276      1,107,718

Alphatec Holdings, Inc.*

    709      4,516

American Medical Systems Holdings, Inc.*

    65,723      1,221,133

Analogic Corp.

    12,116      517,717

AngioDynamics, Inc.*

    20,940      327,083

ATS Medical, Inc.*^

    67,635      175,851

Bovie Medical Corp.*

    22,969      143,556

Conceptus, Inc.*^

    28,842      575,686

CONMED Corp.*

    25,287      602,083

CryoLife, Inc.*

    37,668      243,712

Cyberonics, Inc.*

    25,834      494,979

Cynosure, Inc., Class A*^

    12,753      143,344

DexCom, Inc.*

    37,808      367,872

Electro-Optical Sciences, Inc.*

    3,050      22,631

ev3, Inc.*

    67,871      1,076,434

Greatbatch, Inc.*^

    21,718      460,204

Haemonetics Corp.*

    23,954      1,368,971

Hansen Medical, Inc.*^

    4,950      11,336

HeartWare International, Inc.*

    5,900      262,373

ICU Medical, Inc.*

    9,545      328,825

Immucor, Inc.*

    63,311      1,417,533

Insulet Corp.*

    21,378      322,594

Integra LifeSciences Holdings Corp.*

    15,144      663,762

Invacare Corp.

    28,116      746,199

IRIS International, Inc.*

    17,037      173,948

Kensey Nash Corp.*^

    8,104      191,173

Masimo Corp.

    43,438      1,153,279

Medical Action Industries, Inc.*

    19,104      234,406

Meridian Bioscience, Inc.

    36,277      738,963

Merit Medical Systems, Inc.*

    22,486      342,912

Micrus Endovascular Corp.*

    14,122      278,486

Natus Medical, Inc.*^

    27,018      429,856

Neogen Corp.*

    15,978      401,048

NuVasive, Inc.*^

    33,609      1,519,127

OraSure Technologies, Inc.*

    40,086      237,710

Orthofix International N.V.*

    15,053      547,628

Orthovita, Inc.*^

    58,808      250,522

Palomar Medical Technologies, Inc.*

    15,971      173,445

Quidel Corp.*^

    24,514      356,434

Rochester Medical Corp.*

    15,389      197,287

RTI Biologics, Inc.*

    46,849      202,856

Sirona Dental Systems, Inc.*

    16,067      611,028

SonoSite, Inc.*

    14,365      461,260

Stereotaxis, Inc.*

    53,634      268,706

STERIS Corp.^

    55,270      1,860,388

SurModics, Inc.*

    14,421      301,976

Symmetry Medical, Inc.*

    33,416      335,497

Synovis Life Technologies, Inc.*

    10,689      166,000

Thoratec Corp.*^

    50,946      1,704,144

TomoTherapy, Inc.*

    13,639      46,509

TranS1, Inc.*

    1,713      5,567

Vascular Solutions, Inc.*

    21,668      194,795

Volcano Corp.*

    42,624      1,029,796

West Pharmaceutical Services, Inc.

    30,064      1,261,185

Wright Medical Group, Inc.*

    31,559      560,803

Young Innovations, Inc.^

    9,720      273,715

Zoll Medical Corp.*

    16,401    $ 432,330
         
        30,300,225
         

Health Care Providers & Services (3.7%)

      

Air Methods Corp.*

    9,000      306,000

Alliance HealthCare Services, Inc.*^

    29,549      166,065

Almost Family, Inc.*

    6,700      252,523

Amedisys, Inc.*^

    24,634      1,360,289

AMERIGROUP Corp.*

    49,770      1,654,355

AMN Healthcare Services, Inc.*^

    33,107      291,342

Amsurg Corp.*

    25,262      545,407

Assisted Living Concepts, Inc., Class A*^

    7,341      241,078

Bio-Reference Labs, Inc.*

    10,715      471,139

BioScrip, Inc.*^

    39,629      316,239

CardioNet, Inc.*^

    22,102      169,080

Catalyst Health Solutions, Inc.*

    31,127      1,288,035

Centene Corp.*

    39,183      941,959

Chemed Corp.

    19,590      1,065,304

Chindex International, Inc.*^

    15,396      181,827

Clarient, Inc.*

    65,260      170,981

Cross Country Healthcare, Inc.*

    28,695      290,106

Emergency Medical Services Corp., Class A*

    24,387      1,379,085

Emeritus Corp.*

    18,206      370,492

Ensign Group, Inc.

    14,524      251,701

Genoptix, Inc.*^

    15,675      556,306

Gentiva Health Services, Inc.*

    26,641      753,408

Hanger Orthopedic Group, Inc.*

    28,309      514,658

HealthSouth Corp.*^

    81,806      1,529,772

Healthspring, Inc.*

    38,378      675,453

Healthways, Inc.*

    32,147      516,602

HMS Holdings Corp.*

    23,943      1,220,854

inVentiv Health, Inc.*

    30,843      692,734

IPC The Hospitalist Co., Inc.*^

    14,984      526,088

Kindred Healthcare, Inc.*

    36,329      655,738

Landauer, Inc.

    8,626      562,588

LHC Group, Inc.*^

    12,043      403,802

Magellan Health Services, Inc.*

    29,315      1,274,616

Molina Healthcare, Inc.*^

    9,607      241,808

MWI Veterinary Supply, Inc.*

    9,592      387,517

Nighthawk Radiology Holdings, Inc.*

    14,288      45,436

Odyssey HealthCare, Inc.*

    23,889      432,630

Owens & Minor, Inc.#

    38,267      1,775,206

PharMerica Corp.*

    24,781      451,510

Providence Service Corp.*

    5,723      86,932

PSS World Medical, Inc.*^

    55,921      1,314,703

Psychiatric Solutions, Inc.*

    50,051      1,491,520

RadNet, Inc.*

    1,713      5,447

RehabCare Group, Inc.*

    20,680      563,944

Res-Care, Inc.*

    19,417      232,810

Select Medical Holdings Corp.*^

    28,203      238,033

Skilled Healthcare Group, Inc., Class A*^

    27,166      167,614

Sun Healthcare Group, Inc.*

    37,620      358,895

Sunrise Senior Living, Inc.*

    24,077      123,274

Triple-S Management Corp., Class B*^

    14,336      254,464

U.S. Physical Therapy, Inc.*

    9,807      170,642

Universal American Corp.*

    24,150      371,910

Virtual Radiologic Corp.*

    1,476      16,236

WellCare Health Plans, Inc.*

    39,284      1,170,663
         
        31,496,820
         

 

See Notes to Portfolio of Investments.

457

EQ ADVISORS TRUST

EQ/SMALL COMPANY INDEX PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Health Care Technology (0.7%)

      

athenahealth, Inc.*

    31,181    $ 1,139,977

Computer Programs & Systems, Inc.^

    7,602      297,086

Eclipsys Corp.*

    51,247      1,018,790

MedAssets, Inc.*

    36,682      770,322

Merge Healthcare, Inc.*

    52,592      108,866

Omnicell, Inc.*^

    28,055      393,612

Phase Forward, Inc.*

    39,774      519,846

Quality Systems, Inc.^

    21,938      1,347,871

Vital Images, Inc.*

    17,065      275,941
         
        5,872,311
         

Life Sciences Tools & Services (0.8%)

      

Accelrys, Inc.*

    31,958      196,861

Affymetrix, Inc.*^

    79,593      584,212

Bruker Corp.*

    36,032      527,869

Dionex Corp.*

    16,096      1,203,659

Enzo Biochem, Inc.*

    36,735      221,145

eResearchTechnology, Inc.*^

    39,075      270,008

Kendle International, Inc.*

    11,716      204,796

Luminex Corp.*

    37,219      626,396

PAREXEL International Corp.*

    54,437      1,268,926

Sequenom, Inc.*^

    53,949      340,418

Varian, Inc.*

    27,433      1,420,481
         
        6,864,771
         

Pharmaceuticals (1.5%)

      

Acura Pharmaceuticals, Inc.*

    34,052      183,540

Adolor Corp.*

    47,376      85,277

Ardea Biosciences, Inc.*

    100      1,826

Auxilium Pharmaceuticals, Inc.*^

    38,257      1,192,088

AVANIR Pharmaceuticals, Inc., Class A*^

    102,985      238,925

Biodel, Inc.*

    9,034      38,575

Cadence Pharmaceuticals, Inc.*

    25,735      234,961

Cypress Bioscience, Inc.*

    31,549      154,590

Depomed, Inc.*^

    58,634      208,151

Durect Corp.*

    96,364      290,056

Hi-Tech Pharmacal Co., Inc.*^

    12,163      269,289

Impax Laboratories, Inc.*

    56,466      1,009,612

Inspire Pharmaceuticals, Inc.*^

    51,903      323,875

ISTA Pharmaceuticals, Inc.*

    43,985      179,019

Javelin Pharmaceuticals, Inc.*

    2,893      3,732

Lannett Co., Inc.*

    33,557      142,617

Medicines Co.*

    41,787      327,610

Medicis Pharmaceutical Corp., Class A

    50,975      1,282,531

MiddleBrook Pharmaceuticals, Inc.*

    15,140      4,542

Nektar Therapeutics*

    80,386      1,222,671

Obagi Medical Products, Inc.*

    5,013      61,058

Optimer Pharmaceuticals, Inc.*

    22,256      273,304

Par Pharmaceutical Cos., Inc.*

    32,135      796,948

Pozen, Inc.*

    26,986      258,526

Questcor Pharmaceuticals, Inc.*^

    47,900      394,217

Salix Pharmaceuticals Ltd.*

    46,463      1,730,747

Sucampo Pharmaceuticals, Inc., Class A*

    42,720      152,510

ViroPharma, Inc.*

    63,233      861,866

Vivus, Inc.*

    73,827      643,771

XenoPort, Inc.*

    23,178      214,628
         
        12,781,062
         

Total Health Care

         120,310,748
         

Industrials (15.1%)

      

Aerospace & Defense (1.8%)

      

AAR Corp.*

    33,512      831,768

Aerovironment, Inc.*

    10,321      269,481

American Science & Engineering, Inc.

    7,277    $ 545,193

Applied Signal Technology, Inc.

    12,400      242,792

Argon ST, Inc.*

    11,700      311,337

Ascent Solar Technologies, Inc.*

    1,536      5,914

Ceradyne, Inc.*

    24,493      555,746

Cubic Corp.

    12,186      438,696

Curtiss-Wright Corp.

    41,917      1,458,712

DigitalGlobe, Inc.*

    13,713      383,278

DynCorp International, Inc., Class A*

    22,496      258,479

Esterline Technologies Corp.*

    26,887      1,329,024

GenCorp, Inc.*^

    54,650      314,784

GeoEye, Inc.*

    15,341      452,559

HEICO Corp

    20,848      1,074,923

Hexcel Corp.*

    89,159      1,287,456

Ladish Co., Inc.*

    13,200      266,112

Moog, Inc., Class A*^

    37,353      1,323,043

Orbital Sciences Corp.*

    52,887      1,005,382

Stanley, Inc.*

    8,280      234,241

Taser International, Inc.*^

    43,802      256,680

Teledyne Technologies, Inc.*

    32,954      1,360,012

Triumph Group, Inc.

    14,502      1,016,445
         
        15,222,057
         

Air Freight & Logistics (0.3%)

      

Air Transport Services Group, Inc.*

    62,760      211,501

Atlas Air Worldwide Holdings, Inc.*

    15,727      834,317

Forward Air Corp.

    26,940      708,522

Hub Group, Inc., Class A*

    34,333      960,637

Pacer International, Inc.*

    9,220      55,505
         
        2,770,482
         

Airlines (1.0%)

      

AirTran Holdings, Inc.*^

    99,811      507,040

Alaska Air Group, Inc.*

    33,407      1,377,371

Allegiant Travel Co.*

    12,677      733,491

Hawaiian Holdings, Inc.*^

    57,863      426,450

JetBlue Airways Corp.*

    235,389      1,313,471

SkyWest, Inc.

    54,215      774,190

U.S. Airways Group, Inc.*

    148,186      1,089,167

UAL Corp.*

    133,043      2,600,991
         
        8,822,171
         

Building Products (0.6%)

      

AAON, Inc.^

    10,421      235,723

American Woodmark Corp.

    10,138      196,576

Ameron International Corp.

    7,995      502,806

Apogee Enterprises, Inc.^

    21,337      337,338

Gibraltar Industries, Inc.*^

    25,168      317,368

Griffon Corp.*

    51,143      637,242

Insteel Industries, Inc.^

    15,467      165,342

NCI Building Systems, Inc.*

    2,492      27,512

Quanex Building Products Corp.^

    33,467      553,210

Simpson Manufacturing Co., Inc.

    34,619      961,023

Trex Co., Inc.*

    15,112      321,734

Universal Forest Products, Inc.

    15,654      602,992
         
        4,858,866
         

Commercial Services & Supplies (2.3%)

      

ABM Industries, Inc.

    40,632      861,398

ACCO Brands Corp.*

    53,466      409,550

ATC Technology Corp.*

    19,804      339,837

Bowne & Co., Inc.

    27,173      303,251

Cenveo, Inc.*^

    46,631      403,824

Clean Harbors, Inc.*

    19,018      1,056,640

Consolidated Graphics, Inc.*

    11,364      470,583

Cornell Cos., Inc.*^

    9,570      175,227

Courier Corp.

    13,342      220,276

 

See Notes to Portfolio of Investments.

458

EQ ADVISORS TRUST

EQ/SMALL COMPANY INDEX PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Deluxe Corp.^

    46,861    $ 910,041

EnergySolutions, Inc.

    70,271      451,843

EnerNOC, Inc.*

    11,944      354,498

Ennis, Inc.

    22,556      366,986

Fuel Tech, Inc.*

    18,014      144,472

G&K Services, Inc., Class A

    17,482      452,434

GEO Group, Inc.*

    47,414      939,745

Healthcare Services Group, Inc.

    40,046      896,630

Herman Miller, Inc.

    52,691      951,599

HNI Corp.

    38,941      1,036,999

Innerworkings, Inc.*

    23,805      123,786

Interface, Inc., Class A

    40,298      466,651

Kimball International, Inc., Class B

    22,522      156,528

Knoll, Inc.^

    39,158      440,528

M&F Worldwide Corp.*

    9,100      278,460

McGrath RentCorp^

    19,645      475,998

Metalico, Inc.*

    17,703      106,041

Mine Safety Appliances Co.

    28,007      783,076

Mobile Mini, Inc.*^

    32,795      507,995

Multi-Color Corp.

    12,655      151,607

Rollins, Inc.^

    38,618      837,238

Standard Parking Corp.*

    2,010      33,004

Steelcase, Inc., Class A^

    66,472      430,074

Sykes Enterprises, Inc.*

    35,099      801,661

Team, Inc.*^

    17,272      286,542

Tetra Tech, Inc.#*

    56,337      1,298,005

U.S. Ecology, Inc.^

    11,654      187,629

United Stationers, Inc.*

    21,736      1,279,164

Viad Corp.^

    16,724      343,678
         
        19,733,498
         

Construction & Engineering (0.8%)

      

Argan, Inc.*^

    12,930      168,090

Comfort Systems USA, Inc.

    32,243      402,715

Dycom Industries, Inc.*

    39,416      345,678

EMCOR Group, Inc.*

    54,399      1,339,847

Furmanite Corp.*

    830      4,308

Granite Construction, Inc.

    29,073      878,586

Great Lakes Dredge & Dock Corp.

    27,907      146,512

Insituform Technologies, Inc., Class A*^

    34,662      922,356

Layne Christensen Co.*

    17,093      456,554

MasTec, Inc.*

    48,462      611,106

Northwest Pipe Co.*

    7,972      174,188

Orion Marine Group, Inc.*

    24,577      443,615

Primoris Services Corp.

    29,446      227,912

Sterling Construction Co., Inc.*

    13,400      210,648

Tutor Perini Corp.*

    23,995      521,891
         
        6,854,006
         

Electrical Equipment (2.2%)

      

A. O. Smith Corp.

    18,548      975,068

Acuity Brands, Inc.

    40,202      1,696,926

Advanced Battery Technologies, Inc.*

    46,966      183,167

American Superconductor Corp.*^

    39,075      1,129,268

AZZ, Inc.

    10,493      355,188

Baldor Electric Co.^

    42,894      1,604,236

Belden, Inc.

    40,735      1,118,583

Brady Corp., Class A

    45,341      1,411,012

Broadwind Energy, Inc.*

    29,219      130,609

China BAK Battery, Inc.*^

    2,000      4,820

Day4 Energy, Inc.*

    7,000      5,376

Encore Wire Corp.^

    17,428      362,502

Ener1, Inc.*

    42,839      202,629

Energy Conversion Devices, Inc.*^

    41,908      328,140

EnerSys*

    37,539    $ 925,712

Franklin Electric Co., Inc.

    21,276      638,067

FuelCell Energy, Inc.*

    63,560      179,239

GrafTech International Ltd.*

    107,992      1,476,251

GT Solar International, Inc.*^

    30,520      159,620

Harbin Electric, Inc.*

    12,800      276,352

II-VI, Inc.*

    21,393      723,939

LSI Industries, Inc.

    6,318      43,089

Microvision, Inc.*^

    71,396      201,337

Orion Energy Systems, Inc.*

    2,126      10,417

Polypore International, Inc.*

    19,200      335,232

Powell Industries, Inc.*

    5,060      164,602

Preformed Line Products Co.^

    4,355      166,143

Regal-Beloit Corp.

    32,088      1,906,348

Ultralife Corp.*^

    27,572      110,564

Valence Technology, Inc.*^

    98,044      83,337

Woodward Governor Co.

    54,633      1,747,163
         
        18,654,936
         

Industrial Conglomerates (0.3%)

      

Otter Tail Corp.

    32,825      720,837

Raven Industries, Inc.^

    14,213      419,141

Seaboard Corp.

    267      346,860

Standex International Corp.

    9,079      233,966

Tredegar Corp.

    28,029      478,735

United Capital Corp.*

    1,351      32,046
         
        2,231,585
         

Machinery (2.7%)

      

Actuant Corp., Class A^

    63,213      1,235,814

Alamo Group, Inc.^

    5,491      109,765

Albany International Corp., Class A

    27,591      594,034

Altra Holdings, Inc.*^

    22,700      311,671

American Railcar Industries, Inc.

    7,969      96,903

Ampco-Pittsburgh Corp.

    1,780      44,180

Astec Industries, Inc.*^

    15,843      458,813

Badger Meter, Inc.^

    13,430      517,189

Barnes Group, Inc.

    45,506      885,092

Blount International, Inc.*

    51,233      530,774

Briggs & Stratton Corp.

    46,044      897,858

Cascade Corp.

    7,500      241,575

Chart Industries, Inc.*

    26,821      536,420

CIRCOR International, Inc.

    15,109      501,770

CLARCOR, Inc.

    47,374      1,633,929

Columbus McKinnon Corp.*

    17,600      279,312

Energy Recovery, Inc.*^

    25,255      159,107

EnPro Industries, Inc.*

    17,254      501,746

ESCO Technologies, Inc.^

    24,852      790,542

Federal Signal Corp.

    44,885      404,414

Flow International Corp.*^

    16,296      49,051

Force Protection, Inc.*

    59,260      356,745

Gorman-Rupp Co.

    10,776      274,141

Graham Corp.

    12,999      233,852

Hurco Cos., Inc.*

    4,842      81,491

John Bean Technologies Corp.

    25,631      449,568

Kaydon Corp.^

    30,954      1,163,870

K-Tron International, Inc.*

    2,100      314,937

L.B. Foster Co., Class A*

    8,400      242,676

Lindsay Corp.^

    11,575      479,321

McCoy Corp.

    3,100      4,059

Met-Pro Corp.

    8,996      88,161

Middleby Corp.*

    16,798      967,397

Mueller Industries, Inc.

    32,157      861,486

Mueller Water Products, Inc., Class A

    141,493      676,337

NACCO Industries, Inc., Class A

    4,400      326,260

 

See Notes to Portfolio of Investments.

459

EQ ADVISORS TRUST

EQ/SMALL COMPANY INDEX PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Nordson Corp.

    27,945    $ 1,898,024

RBC Bearings, Inc.*

    17,000      541,790

Robbins & Myers, Inc.

    24,068      573,300

SmartHeat, Inc.*

    3,300      35,442

Sun Hydraulics Corp.^

    10,500      272,790

Tennant Co.

    15,831      433,611

Titan International, Inc.

    29,200      254,916

Trimas Corp.*^

    25,211      163,619

Twin Disc, Inc.

    9,936      121,418

Watts Water Technologies, Inc., Class A

    27,659      859,089
         
        22,454,259
         

Marine (0.1%)

      

Eagle Bulk Shipping, Inc.*

    43,044      228,564

Genco Shipping & Trading Ltd.*^

    22,967      484,833

Horizon Lines, Inc., Class A

    32,800      178,432

International Shipholding Corp.

    5,969      175,429

Ultrapetrol Bahamas Ltd.*

    12,635      69,366
         
        1,136,624
         

Professional Services (1.2%)

      

Acacia Research Corp.- Acacia Technologies*^

    29,741      322,095

Administaff, Inc.

    17,787      379,575

Advisory Board Co.*

    14,242      448,623

COMSYS IT Partners, Inc.*

    890      15,557

Corporate Executive Board Co.

    31,704      843,009

CoStar Group, Inc.*^

    18,236      757,159

CRA International, Inc.*

    9,781      224,181

Exponent, Inc.*

    12,223      348,600

Heidrick & Struggles International, Inc.

    15,604      437,380

Hill International, Inc.*

    32,434      189,090

Huron Consulting Group, Inc.*

    18,750      380,625

Kelly Services, Inc., Class A*^

    19,134      318,772

Kforce, Inc.*

    28,891      439,432

Korn/Ferry International*

    37,552      662,793

Navigant Consulting, Inc.*

    42,332      513,487

Odyssey Marine Exploration, Inc.*

    35,188      46,096

Resources Connection, Inc.*

    41,095      787,791

School Specialty, Inc.*

    14,747      334,904

SFN Group, Inc.*^

    53,354      427,366

Towers Watson & Co., Class A#^

    40,366      1,917,385

TrueBlue, Inc.*

    35,615      552,033

VSE Corp.

    3,825      157,437
         
        10,503,390
         

Road & Rail (1.0%)

      

Amerco, Inc.*

    8,242      447,458

Arkansas Best Corp.^

    23,168      692,260

Avis Budget Group, Inc.*

    94,764      1,089,786

Dollar Thrifty Automotive Group, Inc.*^

    20,599      661,846

Genesee & Wyoming, Inc., Class A*

    31,361      1,070,037

Heartland Express, Inc.^

    48,655      802,808

Knight Transportation, Inc.^

    54,150      1,142,024

Marten Transport Ltd.*

    14,208      280,040

Old Dominion Freight Line, Inc.*

    24,262      810,108

Patriot Transportation Holding, Inc.*

    300      25,344

RailAmerica, Inc.*

    18,605      219,539

Saia, Inc.*^

    11,796      163,728

USA Truck, Inc.*

    1,800      29,088

Werner Enterprises, Inc.

    35,366      819,430

YRC Worldwide, Inc.*

    874,725      475,675
         
        8,729,171
         

Trading Companies & Distributors (0.8%)

      

Aircastle Ltd.

    33,955    $ 321,554

Applied Industrial Technologies, Inc.

    38,188      948,972

Beacon Roofing Supply, Inc.*

    42,176      806,827

DXP Enterprises, Inc.*

    14,072      179,699

Houston Wire & Cable Co.^

    10,410      120,548

Interline Brands, Inc.*

    30,046      575,080

Kaman Corp.

    23,992      600,040

Lawson Products, Inc.

    5,314      82,208

RSC Holdings, Inc.*

    44,821      356,775

Rush Enterprises, Inc., Class A*

    32,200      425,362

Textainer Group Holdings Ltd.

    11,600      249,980

United Rentals, Inc.*

    55,944      524,755

Watsco, Inc.^

    23,687      1,347,316
         
        6,539,116
         

Transportation Infrastructure (0.0%)

      

CAI International, Inc.*

    3,870      47,679
         

Total Industrials

         128,557,840
         

Information Technology (17.9%)

      

Communications Equipment (3.1%)

      

3Com Corp.#*

    329,292      2,532,255

Acme Packet, Inc.*

    33,447      644,858

ADC Telecommunications, Inc.*^

    89,904      657,198

ADTRAN, Inc.

    49,306      1,299,213

Airvana, Inc.*

    29,878      228,865

Arris Group, Inc.*

    110,703      1,329,543

Aruba Networks, Inc.*^

    54,216      740,591

Aviat Networks, Inc.*

    42,137      279,368

Bel Fuse, Inc., Class B

    1,450      29,218

BigBand Networks, Inc.*

    39,895      140,829

Black Box Corp.

    15,043      462,723

Blue Coat Systems, Inc.*

    36,795      1,142,117

Cogo Group, Inc.*

    36,695      256,498

Comtech Telecommunications Corp.*^

    25,643      820,320

DG FastChannel, Inc.*

    16,560      529,092

EMS Technologies, Inc.*

    11,349      188,393

Emulex Corp.*

    79,657      1,057,845

Globecomm Systems, Inc.*^

    3,550      27,300

Harmonic, Inc.*

    86,459      545,556

Hughes Communications, Inc.*

    8,443      235,138

Infinera Corp.*

    86,261      734,944

InterDigital, Inc.*^

    43,125      1,201,463

Ixia*^

    26,063      241,604

Loral Space & Communications, Inc.*

    10,096      354,572

NETGEAR, Inc.*

    31,829      830,737

Oplink Communications, Inc.*

    24,426      452,858

Opnext, Inc.*

    83,712      197,560

Palm, Inc.#*^

    150,768      566,888

Parkervision, Inc.*

    2,771      4,711

PC-Tel, Inc.*

    6,672      41,233

Plantronics, Inc.

    45,859      1,434,470

Polycom, Inc.#*

    71,264      2,179,253

Powerwave Technologies, Inc.*

    88,598      110,747

Riverbed Technology, Inc.*^

    52,106      1,479,810

SeaChange International, Inc.*

    28,110      201,830

ShoreTel, Inc.*

    39,787      262,992

Sonus Networks, Inc.*

    163,241      426,059

Sycamore Networks, Inc.

    16,421      330,226

Tekelec*

    58,881      1,069,279

ViaSat, Inc.*^

    21,640      748,960
         
        26,017,116
         

 

See Notes to Portfolio of Investments.

460

EQ ADVISORS TRUST

EQ/SMALL COMPANY INDEX PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Computers & Peripherals (0.8%)

      

3PAR, Inc.*^

    18,495    $ 184,950

Adaptec, Inc.*^

    82,342      269,258

Avid Technology, Inc.*

    22,731      313,233

Compellent Technologies, Inc.*^

    13,900      243,945

Cray, Inc.*^

    32,222      191,721

Electronics for Imaging, Inc.*

    49,952      580,942

Imation Corp.*

    22,476      247,461

Intermec, Inc.*

    57,202      811,124

Intevac, Inc.*

    18,600      257,052

Isilon Systems, Inc.*

    4,950      42,620

Netezza Corp.*^

    43,908      561,583

Quantum Corp.*

    201,581      530,158

Silicon Graphics International Corp.*

    37,094      396,535

STEC, Inc.*^

    23,499      281,518

Stratasys, Inc.*

    22,466      547,721

Super Micro Computer, Inc.*

    19,200      331,776

Synaptics, Inc.*^

    30,737      848,649
         
        6,640,246
         

Electronic Equipment, Instruments & Components (2.0%)

      

Anixter International, Inc.*

    26,558      1,244,242

Benchmark Electronics, Inc.*

    62,748      1,301,394

Brightpoint, Inc.*

    43,412      326,892

Checkpoint Systems, Inc.*

    36,911      816,471

China Security & Surveillance Technology, Inc.*

    29,982      230,562

Cogent, Inc.*

    31,949      325,880

Cognex Corp.

    36,803      680,487

Coherent, Inc.*

    21,452      685,606

Comverge, Inc.*^

    20,308      229,683

CPI International, Inc.*

    473      6,272

CTS Corp.

    28,000      263,760

Daktronics, Inc.^

    31,204      237,775

DTS, Inc.*^

    15,895      541,066

Electro Rent Corp.

    2,169      28,479

Electro Scientific Industries, Inc.*

    29,437      377,088

FARO Technologies, Inc.*

    16,067      413,725

ICx Technologies, Inc.*

    25,569      178,216

Insight Enterprises, Inc.*

    46,143      662,613

IPG Photonics Corp.*

    28,560      422,688

L-1 Identity Solutions, Inc.*

    69,037      616,500

Littelfuse, Inc.*^

    19,549      743,058

Measurement Specialties, Inc.*

    17,653      259,676

Methode Electronics, Inc.

    45,082      446,312

MTS Systems Corp.

    15,602      452,926

Newport Corp.*

    27,187      339,838

OSI Systems, Inc.*^

    15,768      442,292

Park Electrochemical Corp.

    15,472      444,665

PC Connection, Inc.*

    21,196      131,415

PC Mall, Inc.*

    1,358      6,872

Plexus Corp.*

    36,075      1,299,782

Power-One, Inc.*

    65,400      275,988

RadiSys Corp.*

    23,542      210,936

Rofin-Sinar Technologies, Inc.*

    24,925      563,804

Rogers Corp.*

    13,684      396,973

Scansource, Inc.*

    23,039      663,062

SYNNEX Corp.*^

    15,862      468,881

TTM Technologies, Inc.*^

    42,126      374,079

Universal Display Corp.*

    23,260      273,770
         
        17,383,728
         

Internet Software & Services (1.8%)

      

Art Technology Group, Inc.*^

    109,506      482,922

comScore, Inc.*

    26,663      445,006

Constant Contact, Inc.*^

    18,346    $ 425,994

DealerTrack Holdings, Inc.*

    37,064      633,053

Digital River, Inc.*

    35,331      1,070,529

DivX, Inc.*

    18,089      129,517

EarthLink, Inc.^

    103,433      883,318

GSI Commerce, Inc.*

    21,312      589,703

InfoSpace, Inc.*

    35,041      387,203

Internet Capital Group, Inc.*

    30,400      256,880

j2 Global Communications, Inc.*^

    41,578      972,925

Keynote Systems, Inc.

    12,104      137,865

Knot, Inc.*^

    25,652      200,599

Limelight Networks, Inc.*^

    58,291      213,345

LivePerson, Inc.*

    34,100      261,547

Marchex, Inc., Class B

    33,458      170,970

MercadoLibre, Inc.*

    22,320      1,076,047

ModusLink Global Solutions, Inc.*

    38,214      322,144

Move, Inc.*^

    120,105      251,019

NIC, Inc.^

    46,855      368,749

OpenTable, Inc.*

    7,177      273,659

Openwave Systems, Inc.*^

    79,841      183,634

Perficient, Inc.*

    23,900      269,353

Rackspace Hosting, Inc.*^

    61,790      1,157,327

RealNetworks, Inc.*

    70,152      338,834

SAVVIS, Inc.*

    35,722      589,413

Stamps.com, Inc.*

    14,405      145,491

support.com, Inc.*

    69,031      225,731

Switch & Data Facilities Co., Inc.*

    26,307      467,212

Terremark Worldwide, Inc.*

    60,575      424,631

Travelzoo, Inc.*

    2,300      34,523

United Online, Inc.

    72,273      540,602

ValueClick, Inc.*

    80,524      816,513

Vocus, Inc.*^

    14,803      252,391

Web.com Group, Inc.*^

    8,030      43,764
         
        15,042,413
         

IT Services (2.1%)

      

Acxiom Corp.*

    63,869      1,145,810

CACI International, Inc., Class A*

    27,959      1,365,797

CSG Systems International, Inc.*

    33,465      701,426

Cybersource Corp.*

    64,496      1,137,709

Euronet Worldwide, Inc.*^

    44,426      818,771

ExlService Holdings, Inc.*

    12,400      206,832

Forrester Research, Inc.*

    11,280      339,190

Gartner, Inc.*

    53,472      1,189,217

Global Cash Access Holdings, Inc.*

    31,800      259,806

Hackett Group, Inc.*^

    10,719      29,799

Heartland Payment Systems, Inc.

    35,637      662,848

infoGROUP, Inc.*

    29,000      226,200

Integral Systems, Inc.*

    23,769      228,896

ManTech International Corp., Class A*

    18,541      905,357

MAXIMUS, Inc.

    16,442      1,001,811

MoneyGram International, Inc.*^

    67,800      258,318

NCI, Inc., Class A*^

    8,225      248,642

Ness Technologies, Inc.*

    36,300      229,053

Online Resources Corp.*

    38,873      156,658

RightNow Technologies, Inc.*

    24,700      441,142

Sapient Corp.

    83,569      763,821

SRA International, Inc., Class A*

    39,774      826,901

Syntel, Inc.

    12,582      484,030

TeleTech Holdings, Inc.*

    34,125      582,855

TNS, Inc.*^

    23,218      517,761

Unisys Corp.*

    34,464      1,202,449

VeriFone Holdings, Inc.*

    63,531      1,283,962

 

See Notes to Portfolio of Investments.

461

EQ ADVISORS TRUST

EQ/SMALL COMPANY INDEX PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Wright Express Corp.*

    34,002    $ 1,024,140
         
        18,239,201
         

Semiconductors & Semiconductor Equipment (3.6%)

      

Actel Corp.*

    24,547      339,976

Advanced Analogic Technologies, Inc.*^

    51,670      180,328

Advanced Energy Industries, Inc.*

    26,403      437,234

Amkor Technology, Inc.*^

    104,109      736,051

Applied Micro Circuits Corp.*

    58,562      505,390

Atheros Communications, Inc.*

    56,518      2,187,812

ATMI, Inc.*

    29,870      576,790

Brooks Automation, Inc.*

    59,550      525,231

Cabot Microelectronics Corp.*

    22,120      836,800

Cavium Networks, Inc.*

    29,802      740,878

Cirrus Logic, Inc.*

    43,767      367,205

Cohu, Inc.

    21,557      296,840

Cymer, Inc.*

    26,598      992,105

Diodes, Inc.*

    29,708      665,459

Entegris, Inc.*

    148,646      749,176

Entropic Communications, Inc.*

    11,345      57,633

Exar Corp.*

    30,032      211,726

FEI Co.*

    34,673      794,358

FormFactor, Inc.*

    42,795      760,039

Hittite Microwave Corp.*

    17,115      752,547

IXYS Corp.*

    25,145      214,738

Kopin Corp.*

    61,081      226,000

Kulicke & Soffa Industries, Inc.*

    56,441      409,197

Lattice Semiconductor Corp.*^

    96,400      353,788

Micrel, Inc.^

    40,675      433,595

Microsemi Corp.*

    74,627      1,294,032

Microtune, Inc.*

    67,752      184,963

MKS Instruments, Inc.*

    42,872      839,862

Monolithic Power Systems, Inc.*

    31,496      702,361

Netlogic Microsystems, Inc.*^

    39,410      1,159,836

NVE Corp.*

    4,043      183,148

OmniVision Technologies, Inc.*

    41,618      714,997

Pericom Semiconductor Corp.*

    21,500      230,265

Photronics, Inc.*^

    46,702      237,713

Power Integrations, Inc.

    24,124      993,909

RF Micro Devices, Inc.*

    254,946      1,269,631

Semtech Corp.*

    55,396      965,552

Sigma Designs, Inc.*

    20,459      239,984

Silicon Image, Inc.*

    86,901      262,441

Skyworks Solutions, Inc.*

    138,316      2,157,730

Standard Microsystems Corp.*

    17,920      417,178

Tessera Technologies, Inc.*

    43,710      886,439

Trident Microsystems, Inc.*

    41,033      71,397

TriQuint Semiconductor, Inc.*

    125,665      879,655

Ultratech, Inc.*

    17,324      235,606

Veeco Instruments, Inc.*^

    30,694      1,335,189

Volterra Semiconductor Corp.*^

    15,083      378,583

Zoran Corp.*

    44,522      479,057
         
        30,470,424
         

Software (4.5%)

      

ACI Worldwide, Inc.*

    31,072      640,394

Actuate Corp.*

    37,203      207,965

Advent Software, Inc.*

    13,507      604,438

American Software, Inc., Class A^

    6,090      35,383

ArcSight, Inc.*

    20,009      563,253

Ariba, Inc.*

    77,194      991,943

AsiaInfo Holdings, Inc.*^

    30,414      805,363

Blackbaud, Inc.

    41,587      1,047,577

Blackboard, Inc.*

    27,157      1,131,361

Bottomline Technologies, Inc.*

    23,491    $ 395,353

Callidus Software, Inc.*

    1,476      5,358

Chordiant Software, Inc.*

    4,547      23,053

CommVault Systems, Inc.*

    39,714      847,894

Concur Technologies, Inc.*

    34,420      1,411,564

DemandTec, Inc.*^

    22,861      158,884

Double-Take Software, Inc.*

    18,001      160,389

Ebix, Inc.*^

    18,849      301,019

Epicor Software Corp.*

    46,139      441,089

EPIQ Systems, Inc.*^

    31,930      396,890

Fair Isaac Corp.^

    43,927      1,113,110

FalconStor Software, Inc.*^

    44,909      156,283

Informatica Corp.*

    72,955      1,959,571

Jack Henry & Associates, Inc.

    77,944      1,875,333

JDA Software Group, Inc.*

    27,755      772,144

Kenexa Corp.*

    18,700      257,125

Lawson Software, Inc.*

    127,975      845,915

Manhattan Associates, Inc.*^

    21,550      549,094

Mentor Graphics Corp.*

    87,318      700,290

MicroStrategy, Inc., Class A*

    8,709      740,875

Net 1 UEPS Technologies, Inc.*^

    28,561      525,237

NetScout Systems, Inc.*

    18,154      268,498

Parametric Technology Corp.*

    107,045      1,932,162

Pegasystems, Inc.

    10,425      385,725

Phoenix Technologies Ltd.*

    4,195      13,508

Progress Software Corp.*

    37,518      1,179,191

PROS Holdings, Inc.*

    27,621      272,895

QAD, Inc.*

    159      835

Quest Software, Inc.*

    57,711      1,026,679

Radiant Systems, Inc.*

    34,637      494,270

Rosetta Stone, Inc.*

    8,103      192,689

S1 Corp.*

    42,669      251,747

SolarWinds, Inc.*

    11,900      257,754

Solera Holdings, Inc.#

    57,810      2,234,356

SonicWALL, Inc.*

    46,889      407,465

Sourcefire, Inc.*

    20,346      466,941

SuccessFactors, Inc.*^

    35,546      676,796

Synchronoss Technologies, Inc.*

    16,634      322,201

Take-Two Interactive Software, Inc.*

    71,456      703,842

Taleo Corp., Class A*

    28,441      736,906

TeleCommunication Systems, Inc., Class A*

    27,494      201,531

THQ, Inc.*^

    71,641      502,203

TIBCO Software, Inc.*

    158,050      1,705,359

TiVo, Inc.*

    92,067      1,576,187

Tyler Technologies, Inc.*

    31,177      584,257

Ultimate Software Group, Inc.*

    21,570      710,731

VASCO Data Security International, Inc.*

    29,783      245,710

Websense, Inc.*

    42,504      967,816
         
        37,982,401
         

Total Information Technology

         151,775,529
         

Materials (4.6%)

      

Chemicals (2.2%)

      

A. Schulman, Inc.

    21,143      517,369

American Vanguard Corp.

    17,846      145,445

Arch Chemicals, Inc.

    21,246      730,650

Balchem Corp.

    24,885      613,415

Calgon Carbon Corp.*^

    51,138      875,483

Ferro Corp.*^

    72,473      637,038

H.B. Fuller Co.

    43,759      1,015,646

Hawkins, Inc.^

    9,198      222,592

Innophos Holdings, Inc.

    14,913      416,073

 

See Notes to Portfolio of Investments.

462

EQ ADVISORS TRUST

EQ/SMALL COMPANY INDEX PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Innospec, Inc.*

    19,498    $ 221,497

Koppers Holdings, Inc.^

    16,713      473,312

Minerals Technologies, Inc.

    17,025      882,576

NewMarket Corp.

    9,287      956,468

NL Industries, Inc.^

    19,126      164,101

Olin Corp.^

    69,503      1,363,649

OM Group, Inc.*

    28,287      958,363

Omnova Solutions, Inc.*

    36,300      284,955

PolyOne Corp.*

    73,100      748,544

Rockwood Holdings, Inc.*

    45,940      1,222,923

Sensient Technologies Corp.

    42,125      1,224,152

ShengdaTech, Inc.*

    27,961      209,428

Solutia, Inc.*

    108,279      1,744,375

Spartech Corp.*

    29,123      340,739

Stepan Co.

    6,244      348,977

W.R. Grace & Co.*

    59,605      1,654,635

Westlake Chemical Corp.

    18,078      466,232

Zep, Inc.

    18,982      415,326

Zoltek Cos., Inc.*

    23,537      226,897
         
        19,080,860
         

Construction Materials (0.1%)

      

Headwaters, Inc.*

    50,400      231,336

Texas Industries, Inc.

    20,526      701,373
         
        932,709
         

Containers & Packaging (0.5%)

      

Graphic Packaging Holding Co.*

    94,953      342,781

Myers Industries, Inc.

    44,961      471,191

Rock-Tenn Co., Class A

    36,044      1,642,525

Silgan Holdings, Inc.

    23,701      1,427,511
         
        3,884,008
         

Metals & Mining (1.0%)

      

Allied Nevada Gold Corp.*^

    41,421      686,346

AMCOL International Corp.^

    23,149      629,653

Brush Engineered Materials, Inc.*

    19,245      434,360

Century Aluminum Co.*

    42,291      581,924

Coeur d’Alene Mines Corp.*^

    65,236      977,235

General Moly, Inc.*

    38,231      126,927

General Steel Holdings, Inc.*

    18,242      74,975

Haynes International, Inc.

    16,433      583,865

Hecla Mining Co.*^

    199,429      1,090,877

Horsehead Holding Corp.*

    32,667      386,777

Kaiser Aluminum Corp.

    13,791      531,919

Redcorp Ventures Ltd.(b)*†

    46,400      —  

RTI International Metals, Inc.*

    27,586      836,683

Stillwater Mining Co.*^

    48,978      635,734

Sutor Technology Group Ltd.*

    1,299      3,767

Worthington Industries, Inc.^

    59,280      1,024,951
         
        8,605,993
         

Paper & Forest Products (0.8%)

      

Buckeye Technologies, Inc.*

    37,020      484,222

Clearwater Paper Corp.*

    10,569      520,523

Deltic Timber Corp.

    9,253      407,595

Domtar Corp.*

    34,344      2,212,097

Glatfelter

    43,415      629,083

KapStone Paper and Packaging Corp.*

    27,486      326,259

Louisiana-Pacific Corp.*^

    89,948      814,029

Schweitzer-Mauduit International, Inc.

    14,782      703,032

Wausau Paper Corp.*^

    37,989      324,426
         
        6,421,266
         

Total Materials

         38,924,836
         

Telecommunication Services (0.9%)

      

Diversified Telecommunication Services (0.6%)

      

AboveNet, Inc.*

    11,455    $ 581,112

Alaska Communications Systems Group, Inc.

    31,677      257,217

Atlantic Tele-Network, Inc.^

    9,090      408,414

Cbeyond, Inc.*^

    18,708      255,925

Cincinnati Bell, Inc.*^

    208,237      710,088

Cogent Communications Group, Inc.*

    39,925      415,619

Consolidated Communications Holdings, Inc.

    22,542      427,396

Global Crossing Ltd.*

    25,589      387,673

Iowa Telecommunications Services, Inc.

    28,612      477,820

Neutral Tandem, Inc.*^

    30,573      488,557

PAETEC Holding Corp.*

    126,685      592,886

Premiere Global Services, Inc.*

    58,452      482,814

SureWest Communications*

    2,450      21,046
         
        5,506,567
         

Wireless Telecommunication Services (0.3%)

      

NTELOS Holdings Corp.

    27,721      493,157

Shenandoah Telecommunications Co.

    21,724      408,411

Syniverse Holdings, Inc.*

    63,729      1,240,804
         
        2,142,372
         

Total Telecommunication Services

         7,648,939
         

Utilities (3.0%)

      

Electric Utilities (1.1%)

      

Allete, Inc.

    25,023      837,770

Cleco Corp.

    55,981      1,486,296

El Paso Electric Co.*

    40,746      839,368

Empire District Electric Co.

    30,023      541,014

IDACORP, Inc.

    37,108      1,284,679

MGE Energy, Inc.

    20,553      726,754

PNM Resources, Inc.

    75,781      949,536

Portland General Electric Co.

    69,532      1,342,663

UIL Holdings Corp.

    23,901      657,277

UniSource Energy Corp.

    32,843      1,032,584
         
        9,697,941
         

Gas Utilities (1.3%)

      

Laclede Group, Inc.

    23,052      777,314

New Jersey Resources Corp.

    39,011      1,465,253

Nicor, Inc.

    40,792      1,710,001

Northwest Natural Gas Co.

    24,242      1,129,677

Piedmont Natural Gas Co., Inc.#

    63,677      1,756,212

South Jersey Industries, Inc.

    26,076      1,094,931

Southwest Gas Corp.^

    39,036      1,167,957

WGL Holdings, Inc.

    44,725      1,549,721
         
        10,651,066
         

Multi-Utilities (0.4%)

      

Avista Corp.

    46,099      954,710

Black Hills Corp.

    34,719      1,053,722

CH Energy Group, Inc.

    14,668      599,041

NorthWestern Corp.

    34,978      937,760
         
        3,545,233
         

Water Utilities (0.2%)

      

American States Water Co.

    16,779      582,231

California Water Service Group^

    16,750      629,967

 

See Notes to Portfolio of Investments.

463

EQ ADVISORS TRUST

EQ/SMALL COMPANY INDEX PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)		  

SJW Corp.^

      15,852    $ 402,958   
           
        1,615,156   
           

Total Utilities

         25,509,396   
           

Total Common Stocks (99.3%)
(Cost $607,799,730)

         843,204,527   
           

INVESTMENT COMPANY:

      

Investment Company (0.0%)

      

Kayne Anderson Energy Development Co.
(Cost $6,445)

      785      12,685   
           
     Principal
Amount		    Value
(Note 1)		  

SHORT-TERM INVESTMENTS:

      

Short-Term Investments of Cash Collateral for Securities Loaned (2.5%)

   

Goldman Sachs & Co., Repurchase Agreement

   

0.01%, 4/1/10 (v)

    $ 19,233,279      19,233,279   

Monumental Global Funding II

      

0.43%, 5/26/10 (l)

      2,000,000      1,985,800   
           

Total Short-Term Investments of Cash Collateral for Securities Loaned

      21,219,079   
           

Time Deposit (1.0%)

      

JPMorgan Chase Nassau

      

0.000%, 4/1/10

      8,317,296      8,317,296   
           

Total Short-Term Investments (3.5%)
(Cost/Amortized Cost $29,550,575)

         29,536,375   
           

Total Investments (102.8%)
(Cost/Amortized Cost $637,356,750)

         872,753,587   

Other Assets Less Liabilities (-2.8%)

         (23,991,752 ) 
           

Net Assets (100%)

       $ 848,761,835   
           

 

* Non-income producing.

 

^ All, or a portion of security out on loan (See Note 1).

 

† Securities (totaling $0 or 0.0% of net assets) at fair value by management.

 

# All, or a portion of security held by broker as collateral for financial futures contracts, with a total collateral value of $7,246,331.

 

(b) Illiquid Security.

 

(l) Floating Rate Security. Rate disclosed is as of March 31, 2010.

 

(v) Represents the Portfolio’s undivided interest in a joint repurchase agreement. The repurchase agreement was fully collateralized by U.S. government agency securities at the date of this Portfolio of Investments as follows: Government National Mortgage Association, 3.500%-15.000%, maturing 7/15/10 to 3/20/40, which had a total value of $19,617,945.

 

See Notes to Portfolio of Investments.

464

EQ ADVISORS TRUST

EQ/SMALL COMPANY INDEX PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

At March 31, 2010, the Portfolio had the following futures contracts open: (Note 1)

 

     Number of
Contracts		    Expiration
Date		    Original
Value		    Value  at
3/31/2010		    Unrealized
Appreciation/
(Depreciation)		  

Purchase

               

Russell 2000 Mini Index

    51    June-10    $ 3,476,665    $ 3,453,210    $ (23,455 ) 
                    

The following is a summary of the inputs used to value the Portfolio’s assets and liabilities carried at fair value as of March 31, 2010:

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, money market securities are valued using amortized cost, in accordance with rules under the Investment Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active market, such securities are reflected as Level 2.

Various inputs are used in determining the value of the Portfolio’s investments. These inputs are summarized in the three broad levels listed below:

 

Investment Type

    Level 1
Quoted prices in active
markets for identical
securities		     Level 2
Significant other
observable inputs
(including quoted prices
for similar securities,
interest rates,
prepayment speeds,
credit risk, etc.)		    Level 3
Significant unobservable
inputs (including the
Portfolio’s own
assumptions in
determining the fair
value of investments)		    Total  

Assets:

           

Common Stocks

           

Consumer Discretionary

    $ 125,726,772      $ —      $ —      $ 125,726,772   

Consumer Staples

      26,105,323        —        —        26,105,323   

Energy

      41,912,691        —        —        41,912,691   

Financials

      176,732,453        —        —        176,732,453   

Health Care

      120,310,748        —        —        120,310,748   

Industrials

      128,557,840        —        —        128,557,840   

Information Technology

      151,775,529        —        —        151,775,529   

Materials

      38,924,836        —        —        38,924,836   

Telecommunication Services

      7,648,939        —        —        7,648,939   

Utilities

      25,509,396        —        —        25,509,396   

Investment Companies

           

Investment Companies

      12,685        —        —        12,685   

Short-Term Investments

      —          29,536,375      —        29,536,375   
                              

Total Assets

    $ 843,217,212      $ 29,536,375    $ —      $ 872,753,587   
                              

Liabilities:

           

Futures

    $ (23,455 )    $ —      $ —      $ (23,455 ) 
                              

Total Liabilities

    $ (23,455 )    $ —      $ —      $ (23,455 ) 
                              

Total

    $ 843,193,757      $ 29,536,375    $ —      $ 872,730,132   
                              

 

See Notes to Portfolio of Investments.

465

EQ ADVISORS TRUST

EQ/SMALL COMPANY INDEX PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:

 

     Investments in
Securities-Financials		  

Balance as of 12/31/09

    $ 1,519   

Total gains or losses (realized/unrealized) included in earnings

      (1,519 ) 

Purchases, sales, issuances, and settlements (net)

      —     

Transfers into Level 3

      —     

Transfers out of Level 3

      —     
        

Balance as of 3/31/10

    $ —     
        

The amount of total gains or losses for the year included in earnings attributable to the change in unrealized gains or losses relating to assets and liabilities still held at period ending 3/31/10.

    $     

Investment security transactions for the three months ended March 31, 2010 were as follows:

 

Cost of Purchases:

   

Stocks and long-term corporate debt securities

    $ 17,149,365

Net Proceeds of Sales and Redemptions:

   

Stocks and long-term corporate debt securities

    $ 27,383,435

As of March 31, 2010, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investments for Federal income tax purposes was as follows:

 

Aggregate gross unrealized appreciation

    $ 256,851,823   

Aggregate gross unrealized depreciation

      (30,235,286 ) 
        

Net unrealized appreciation

    $ 226,616,537   
        

Federal income tax cost of investments

    $ 646,137,050   
        

At March 31, 2010, the Portfolio had loaned securities with a total value of $20,448,562. This was secured by collateral of $21,233,279, which was received as cash and subsequently invested in short-term investments currently valued at $21,219,079, as reported in the Portfolio of Investments.

The Portfolio has a net capital loss carryforward of $49,881,127 of which $9,554,499 expires in the year 2015, $16,190,204 expires in the year 2016, and $24,136,424 expires in the year 2017.

Included in the capital loss carryforward amounts are $25,744,703 of losses acquired from EQ/Small Company Index II as a result of a tax free reorganization that occurred during the year 2009. Certain capital loss carryforwards may be subject to limitations on use pursuant to applicable U.S. Federal Income Tax Law. Therefore, it is possible not all of these capital losses will be available for use.

 

See Notes to Portfolio of Investments.

466

EQ ADVISORS TRUST

EQ/T. ROWE PRICE GROWTH STOCK PORTFOLIO

PORTFOLIO OF INVESTMENTS

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

COMMON STOCKS:

      

Consumer Discretionary (14.8%)

      

Hotels, Restaurants & Leisure (3.3%)

      

Carnival Corp.

    38,100    $ 1,481,328

Marriott International, Inc., Class A

    200,309      6,313,740

MGM MIRAGE*

    104,300      1,251,600

Starbucks Corp.*

    331,300      8,040,651

Starwood Hotels & Resorts Worldwide, Inc.

    82,800      3,861,792
         
        20,949,111
         

Internet & Catalog Retail (4.8%)

      

Amazon.com, Inc.*

    162,800      22,096,844

Liberty Media Corp. - Interactive, Class A*

    329,500      5,044,645

priceline.com, Inc.*

    13,300      3,391,500
         
        30,532,989
         

Media (1.7%)

      

McGraw-Hill Cos., Inc.

    117,900      4,203,135

Walt Disney Co.

    187,100      6,531,661
         
        10,734,796
         

Multiline Retail (0.6%)

      

Kohl’s Corp.*

    66,300      3,631,914
         

Specialty Retail (2.7%)

      

AutoZone, Inc.*

    29,000      5,019,610

CarMax, Inc.*

    133,500      3,353,520

Lowe’s Cos., Inc.

    255,500      6,193,320

O’Reilly Automotive, Inc.*

    53,000      2,210,630
         
        16,777,080
         

Textiles, Apparel & Luxury Goods (1.7%)

      

Coach, Inc.

    134,300      5,307,536

NIKE, Inc., Class B

    71,100      5,225,850
         
        10,533,386
         

Total Consumer Discretionary

         93,159,276
         

Consumer Staples (2.5%)

      

Beverages (0.9%)

      

PepsiCo, Inc.

    87,800      5,808,848
         

Food & Staples Retailing (0.8%)

      

Costco Wholesale Corp.

    80,700      4,818,597
         

Household Products (0.8%)

      

Procter & Gamble Co.

    80,100      5,067,927
         

Total Consumer Staples

         15,695,372
         

Energy (6.0%)

      

Energy Equipment & Services (2.6%)

      

Cameron International Corp.*

    104,700      4,487,442

FMC Technologies, Inc.*

    30,700      1,984,141

Schlumberger Ltd.

    152,200      9,658,612
         
        16,130,195
         

Oil, Gas & Consumable Fuels (3.4%)

      

EOG Resources, Inc.

    49,300      4,581,942

Murphy Oil Corp.

    52,600      2,955,594

Petroleo Brasileiro S.A. (Preference) (ADR), Class A

    200,100      7,921,959

Suncor Energy, Inc.

    193,500      6,296,490
         
        21,755,985
         

Total Energy

         37,886,180
         

Financials (13.3%)

      

Capital Markets (5.8%)

      

BlackRock, Inc.

    8,500    $ 1,850,960

Charles Schwab Corp.

    248,200      4,638,858

Franklin Resources, Inc.

    64,600      7,164,140

Goldman Sachs Group, Inc.

    37,500      6,398,625

Invesco Ltd.

    280,000      6,134,800

Morgan Stanley

    175,700      5,146,253

Northern Trust Corp.

    93,500      5,166,810
         
        36,500,446
         

Commercial Banks (2.5%)

      

PNC Financial Services Group, Inc.

    60,900      3,635,730

U.S. Bancorp

    256,400      6,635,632

Wells Fargo & Co.

    165,900      5,162,808
         
        15,434,170
         

Consumer Finance (1.0%)

      

American Express Co.

    155,000      6,395,300
         

Diversified Financial Services (3.5%)

      

CME Group, Inc.

    9,200      2,908,212

IntercontinentalExchange, Inc.*

    50,100      5,620,218

JPMorgan Chase & Co.

    304,000      13,604,000
         
        22,132,430
         

Insurance (0.5%)

      

Sun Life Financial, Inc.

    97,700      3,142,676
         

Total Financials

         83,605,022
         

Health Care (11.8%)

      

Biotechnology (2.3%)

      

Celgene Corp.*

    52,900      3,277,684

Gilead Sciences, Inc.*

    203,600      9,259,728

Vertex Pharmaceuticals, Inc.*

    48,100      1,965,847
         
        14,503,259
         

Health Care Equipment & Supplies (1.7%)

      

Intuitive Surgical, Inc.*

    16,400      5,709,332

Stryker Corp.

    89,300      5,109,746
         
        10,819,078
         

Health Care Providers & Services (6.2%)

      

Express Scripts, Inc.*

    145,300      14,785,728

McKesson Corp.

    84,900      5,579,628

Medco Health Solutions, Inc.*

    288,900      18,651,384
         
        39,016,740
         

Life Sciences Tools & Services (0.4%)

      

Illumina, Inc.*

    61,300      2,384,570
         

Pharmaceuticals (1.2%)

      

Allergan, Inc.

    122,200      7,982,104
         

Total Health Care

         74,705,751
         

Industrials (10.3%)

      

Aerospace & Defense (1.2%)

      

Precision Castparts Corp.

    60,200      7,627,942
         

Air Freight & Logistics (1.5%)

      

Expeditors International of Washington, Inc.

    115,600      4,267,952

FedEx Corp.

    52,300      4,884,820
         
        9,152,772
         

Commercial Services & Supplies (0.4%)

      

Republic Services, Inc.

    90,500      2,626,310
         

 

See Notes to Portfolio of Investments.

467

EQ ADVISORS TRUST

EQ/T. ROWE PRICE GROWTH STOCK PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)		  

Electrical Equipment (0.5%)

      

Rockwell Automation, Inc.

      56,100    $ 3,161,796   
           

Industrial Conglomerates (1.2%)

      

3M Co.

      53,500      4,470,995   

McDermott International, Inc.*

      119,300      3,211,556   
           
        7,682,551   
           

Machinery (4.6%)

      

Bucyrus International, Inc.

      48,200      3,180,718   

Danaher Corp.

      241,000      19,258,310   

Deere & Co.

      43,500      2,586,510   

PACCAR, Inc.

      95,400      4,134,636   
           
        29,160,174   
           

Road & Rail (0.2%)

      

Union Pacific Corp.

      18,100      1,326,730   
           

Trading Companies & Distributors (0.7%)

      

Fastenal Co.

      93,400      4,482,266   
           

Total Industrials

         65,220,541   
           

Information Technology (34.2%)

      

Communications Equipment (4.0%)

      

Cisco Systems, Inc.*

      320,800      8,350,424   

Juniper Networks, Inc.*

      224,600      6,890,728   

QUALCOMM, Inc.

      242,800      10,195,172   
           
        25,436,324   
           

Computers & Peripherals (8.1%)

      

Apple, Inc.*

      179,600      42,193,428   

Hewlett-Packard Co.

      74,800      3,975,620   

International Business Machines Corp.

      37,900      4,860,675   
           
        51,029,723   
           

Electronic Equipment, Instruments & Components (1.0%)

      

Dolby Laboratories, Inc., Class A*

      104,300      6,119,281   
           

Internet Software & Services (9.2%)

      

Akamai Technologies, Inc.*

      93,600      2,939,976   

Baidu, Inc. (ADR)*

      15,000      8,955,000   

eBay, Inc.*

      223,600      6,026,020   

Google, Inc., Class A*

      58,700      33,283,487   

Tencent Holdings Ltd.

      345,000      6,922,884   
           
        58,127,367   
           

IT Services (6.5%)

      

Accenture plc, Class A

      147,300      6,179,235   

Automatic Data Processing, Inc.

      86,000      3,824,420   

Mastercard, Inc., Class A

      31,000      7,874,000   

Visa, Inc., Class A

      228,600      20,809,458   

Western Union Co.

      136,100      2,308,256   
           
        40,995,369   
           

Semiconductors & Semiconductor Equipment (3.1%)

      

ASML Holding N.V. (N.Y. Shares)

      81,500      2,885,100   

Broadcom Corp., Class A

      96,300      3,195,234   

Intel Corp.

      79,600      1,771,896   

Marvell Technology Group Ltd.*

      319,100      6,503,258   

NVIDIA Corp.*

      181,600      3,156,208   

Samsung Electronics Co., Ltd. (GDR)(b)§

      5,800      2,096,602   
           
        19,608,298   
           

Software (2.3%)

      

Autodesk, Inc.*

      96,900      2,850,798   

McAfee, Inc.*

      109,800      4,406,274   

Microsoft Corp.

      163,700      4,791,499   

Salesforce.com, Inc.*

      29,400    $ 2,188,830   
           
        14,237,401   
           

Total Information Technology

         215,553,763   
           

Materials (2.7%)

      

Chemicals (1.7%)

      

Monsanto Co.

      36,800      2,628,256   

Praxair, Inc.

      94,200      7,818,600   
           
        10,446,856   
           

Metals & Mining (1.0%)

      

Agnico-Eagle Mines Ltd.

      26,600      1,480,822   

BHP Billiton Ltd.

      125,166      5,006,685   
           
        6,487,507   
           

Total Materials

         16,934,363   
           

Telecommunication Services (4.1%)

      

Wireless Telecommunication Services (4.1%)

      

American Tower Corp., Class A*

      234,100      9,975,001   

Crown Castle International Corp.*

      365,400      13,969,242   

Leap Wireless International, Inc.*

      71,522      1,170,100   

MetroPCS Communications, Inc.*

      126,400      894,912   
           

Total Telecommunication Services

         26,009,255   
           

Total Common Stocks (99.7%)
(Cost $522,859,878)

         628,769,523   
           
     Principal
Amount		    Value
(Note 1)		  

SHORT-TERM INVESTMENT:

      

Time Deposit (0.6%)

      

JPMorgan Chase Nassau

      

0.000%, 4/1/10

      

(Amortized Cost $3,619,589)

    $ 3,619,589      3,619,589   
           

Total Investments (100.3%)
(Cost/Amortized Cost $526,479,467)

         632,389,112   

Other Assets Less Liabilities (-0.3%)

         (1,775,779 ) 
           

Net Assets (100%)

       $ 630,613,333   
           

 

* Non-income producing.

 

§ Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may only be resold to qualified institutional buyers. At March 31, 2010, the market value of these securities amounted to $2,096,602 or 0.3% of net assets. Securities denoted with “§” but without “b” have been determined to be liquid under the guidelines established by the Board of Trustees. To the extent any securities might provide a right to demand registration, such rights have not been relied upon when determining liquidity.

 

(b) Illiquid Security.

Glossary:

ADR — American Depositary Receipt

GDR — Global Depositary Receipt

 

See Notes to Portfolio of Investments.

468

EQ ADVISORS TRUST

EQ/T. ROWE PRICE GROWTH STOCK PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

The following is a summary of the inputs used to value the Portfolio’s assets and liabilities carried at fair value as of March 31, 2010:

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, money market securities are valued using amortized cost, in accordance with rules under the Investment Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active market, such securities are reflected as Level 2.

Various inputs are used in determining the value of the Portfolio’s investments. These inputs are summarized in the three broad levels listed below:

 

Investment Type

    Level 1
Quoted prices in active
markets for identical
securities		    Level 2
Significant other
observable inputs
(including quoted prices
for similar securities,
interest rates,
prepayment speeds,
credit risk, etc.)		    Level 3
Significant unobservable
inputs (including the
Portfolio’s own
assumptions in
determining the fair
value of investments)		    Total

Assets:

            

Common Stocks

            

Consumer Discretionary

    $ 93,159,276    $ —      $ —      $ 93,159,276

Consumer Staples

      15,695,372      —        —        15,695,372

Energy

      37,886,180      —        —        37,886,180

Financials

      83,605,022      —        —        83,605,022

Health Care

      74,705,751      —        —        74,705,751

Industrials

      65,220,541      —        —        65,220,541

Information Technology

      206,534,277      9,019,486      —        215,553,763

Materials

      11,927,678      5,006,685      —        16,934,363

Telecommunication Services

      26,009,255      —        —        26,009,255

Short-Term Investments

      —        3,619,589      —        3,619,589
                           

Total Assets

    $ 614,743,352    $ 17,645,760    $ —      $ 632,389,112
                           

Total Liabilities

    $ —      $ —      $ —      $ —  
                           

Total

    $ 614,743,352    $ 17,645,760    $ —      $ 632,389,112
                           

Investment security transactions for the three months ended March 31, 2010 were as follows:

 

Cost of Purchases:

   

Stocks and long-term corporate debt securities

    $ 77,939,441

Net Proceeds of Sales and Redemptions:

   

Stocks and long-term corporate debt securities

    $ 59,135,017

As of March 31, 2010, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investments for Federal income tax purposes was as follows:

 

Aggregate gross unrealized appreciation

    $ 107,601,723   

Aggregate gross unrealized depreciation

      (6,436,056 ) 
        

Net unrealized appreciation

    $ 101,165,667   
        

Federal income tax cost of investments

    $ 531,223,445   
        

The Portfolio has a net capital loss carryforward of $200,719,409 of which $36,616,290 expires in the year 2011, $17,890,565 expires in the year 2012, $63,200,966 expires in the year 2016, and $83,011,588 expires in the year 2017.

 

See Notes to Portfolio of Investments.

469

EQ ADVISORS TRUST

EQ/TEMPLETON GLOBAL EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

COMMON STOCKS:

      

Consumer Discretionary (13.8%)

      

Auto Components (0.5%)

      

Aisin Seiki Co., Ltd.

    3,600    $ 107,819

Bridgestone Corp.

    9,600      163,885

Compagnie Generale des Etablissements Michelin, Class B

    30,471      2,245,453

Denso Corp.

    8,100      241,293

Goodyear Tire & Rubber Co.*

    4,200      53,088

Johnson Controls, Inc.

    11,000      362,890

Koito Manufacturing Co., Ltd.

    2,000      29,693

NGK Spark Plug Co., Ltd.

    2,000      27,169

NHK Spring Co., Ltd.

    2,000      18,355

NOK Corp.

    1,400      21,070

Nokian Renkaat Oyj

    2,183      56,699

Pirelli & C S.p.A.*

    59,872      36,794

Stanley Electric Co., Ltd.

    2,500      48,481

Sumitomo Rubber Industries Ltd.

    2,200      19,390

Toyoda Gosei Co., Ltd.

    1,200      33,642

Toyota Boshoku Corp.

    1,200      23,053

Toyota Industries Corp.

    3,400      97,101
         
        3,585,875
         

Automobiles (2.2%)

      

Bayerische Motoren Werke (BMW) AG

    61,254      2,827,804

Bayerische Motoren Werke (BMW) AG (Preference)

    614      21,732

Daihatsu Motor Co., Ltd.

    3,000      28,655

Daimler AG

    15,347      722,489

Fiat S.p.A.*

    12,299      160,136

Ford Motor Co.*

    55,300      695,121

Fuji Heavy Industries Ltd.*

    10,000      51,770

Harley-Davidson, Inc.

    4,000      112,280

Honda Motor Co., Ltd.

    28,000      988,341

Hyundai Motor Co.

    39,481      4,030,276

Isuzu Motors Ltd.

    21,000      56,830

Mazda Motor Corp.

    26,100      73,423

Mitsubishi Motors Corp.*

    61,000      82,864

Nissan Motor Co., Ltd.*

    42,300      362,416

Peugeot S.A.*

    2,713      79,882

Porsche Automobil Holding SE (Preference)

    1,627      99,294

Renault S.A.*

    3,263      152,929

Suzuki Motor Corp.

    6,200      136,813

Toyota Motor Corp.

    126,300      5,059,295

Volkswagen AG

    593      57,267

Volkswagen AG (Preference)

    1,817      166,636

Yamaha Motor Co., Ltd.*

    3,700      55,447
         
        16,021,700
         

Distributors (0.0%)

      

Canon Marketing Japan, Inc.

    700      9,532

Genuine Parts Co.

    2,500      105,600

Jardine Cycle & Carriage Ltd.

    2,000      42,003

Li & Fung Ltd.

    40,000      196,799
         
        353,934
         

Diversified Consumer Services (0.1%)

      

Apollo Group, Inc., Class A*

    2,000      122,580

Benesse Holdings, Inc.

    1,500      64,980

DeVry, Inc.

    1,100      71,720

H&R Block, Inc.

    5,800      103,240
         
        362,520
         

Hotels, Restaurants & Leisure (0.8%)

      

Accor S.A.

    35,336      1,954,880

Aristocrat Leisure Ltd.

    4,679    $ 19,451

Autogrill S.p.A.*

    893      10,867

Carnival Corp.

    7,200      279,936

Carnival plc

    2,980      122,324

Compass Group plc

    32,763      261,516

Crown Ltd.

    8,597      64,532

Darden Restaurants, Inc.

    2,300      102,442

Genting Singapore plc*

    65,868      41,669

Intercontinental Hotels Group plc

    4,335      67,889

International Game Technology

    5,100      94,095

Marriott International, Inc., Class A

    4,152      130,871

McDonald’s Corp.

    17,700      1,180,944

McDonald’s Holdings Co. Japan Ltd.

    1,423      28,889

OPAP S.A.

    4,170      94,621

Oriental Land Co., Ltd.

    1,000      69,740

Sands China Ltd.*

    36,000      57,216

Shangri-La Asia Ltd.

    24,000      47,108

Sky City Entertainment Group Ltd.

    6,322      14,461

Sodexo S.A.

    1,814      108,416

Starbucks Corp.*

    12,200      296,094

Starwood Hotels & Resorts Worldwide, Inc.

    3,100      144,584

TABCORP Holdings Ltd.

    11,710      74,145

Tatts Group Ltd.

    15,749      35,552

Thomas Cook Group plc

    11,879      48,635

TUI AG*

    1,678      18,868

TUI Travel plc

    7,758      35,495

Whitbread plc

    2,529      56,569

Wyndham Worldwide Corp.

    3,100      79,763

Wynn Resorts Ltd.

    1,200      90,996

Yum! Brands, Inc.

    7,700      295,141
         
        5,927,709
         

Household Durables (0.4%)

      

Casio Computer Co., Ltd.

    4,800      36,915

D.R. Horton, Inc.

    4,700      59,220

Electrolux AB, Class B

    4,198      95,930

Fortune Brands, Inc.

    2,600      126,126

Harman International Industries, Inc.*

    1,100      51,458

Husqvarna AB, Class B*

    7,381      53,666

Leggett & Platt, Inc.

    2,300      49,772

Lennar Corp., Class A

    2,500      43,025

Makita Corp.

    2,000      65,890

Newell Rubbermaid, Inc.

    4,800      72,960

Panasonic Corp.

    33,700      515,467

Pulte Group, Inc.*

    5,357      60,266

Rinnai Corp.

    800      42,015

Sanyo Electric Co., Ltd.*

    32,000      51,342

Sekisui Chemical Co., Ltd.

    8,000      54,252

Sekisui House Ltd.

    8,000      79,923

Sharp Corp.

    16,000      200,064

Sony Corp.

    16,700      639,491

Stanley Black & Decker, Inc.

    2,702      155,122

Whirlpool Corp.

    1,200      104,700
         
        2,557,604
         

Internet & Catalog Retail (0.4%)

      

Amazon.com, Inc.*

    5,620      762,803

DeNA Co., Ltd.

    4      29,607

Expedia, Inc.

    74,740      1,865,510

Home Retail Group plc

    14,678      60,362

priceline.com, Inc.*

    700      178,500

Rakuten, Inc.

    134      96,892
         
        2,993,674
         

 

See Notes to Portfolio of Investments.

470

EQ ADVISORS TRUST

EQ/TEMPLETON GLOBAL EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Leisure Equipment & Products (0.1%)

      

Eastman Kodak Co.*

    4,700    $ 27,213

Hasbro, Inc.

    2,100      80,388

Mattel, Inc.

    5,900      134,166

Namco Bandai Holdings, Inc.

    4,000      38,978

Nikon Corp.

    6,000      130,987

Sankyo Co., Ltd.

    1,000      49,471

Sega Sammy Holdings, Inc.

    2,800      33,903

Shimano, Inc.

    1,200      53,075

Yamaha Corp.

    2,400      30,985
         
        579,166
         

Media (6.1%)

      

British Sky Broadcasting Group plc

    20,601      188,197

CBS Corp., Class B

    11,600      161,704

Comcast Corp., Class A

    376,150      6,799,195

Dentsu, Inc.

    3,257      85,597

DIRECTV, Class A*

    15,600      527,436

Discovery Communications, Inc., Class A*

    4,700      158,813

Eutelsat Communications S.A.

    2,043      72,627

Fairfax Media Ltd.

    31,023      51,243

Fuji Media Holdings, Inc.

    8      11,852

Gannett Co., Inc.

    4,100      67,732

Gestevision Telecinco S.A.

    995      15,616

Hakuhodo DY Holdings, Inc.

    260      13,683

Interpublic Group of Cos., Inc.*

    7,500      62,400

J.C. Decaux S.A.*

    1,470      41,079

Jupiter Telecommunications Co., Ltd.

    32      36,967

Lagardere S.C.A.

    2,273      91,978

M6-Metropole Television

    719      18,597

McGraw-Hill Cos., Inc.

    5,300      188,945

Mediaset S.p.A.

    13,389      115,013

Meredith Corp.

    400      13,764

New York Times Co., Class A*

    1,500      16,695

News Corp., Class A

    436,860      6,295,153

Omnicom Group, Inc.

    5,100      197,931

PagesJaunes Groupe S.A.

    1,296      14,882

Pearson plc

    283,267      4,453,325

Publicis Groupe S.A.

    2,246      96,103

Reed Elsevier N.V.

    169,610      2,061,296

Reed Elsevier plc

    20,663      164,776

Sanoma Oyj

    909      20,135

Scripps Networks Interactive, Inc., Class A

    1,400      62,090

SES S.A. (FDR)

    5,277      133,246

Singapore Press Holdings Ltd.

    29,000      79,188

Societe Television Francaise 1 S.A.

    1,457      27,029

Television Broadcasts Ltd.

    3,000      14,528

Time Warner Cable, Inc.

    65,754      3,505,346

Time Warner, Inc.

    135,400      4,233,958

Toho Co., Ltd.

    1,500      24,163

Viacom, Inc., Class B*

    93,600      3,217,968

Vivendi S.A.

    210,813      5,642,016

Walt Disney Co.

    131,500      4,590,665

Washington Post Co., Class B

    100      44,418

Wolters Kluwer N.V.

    4,944      107,209

WPP plc

    21,366      221,448
         
        43,946,006
         

Multiline Retail (0.6%)

      

Big Lots, Inc.*

    1,400      50,988

Family Dollar Stores, Inc.

    2,300      84,203

Harvey Norman Holdings Ltd.

    6,723      22,333

Isetan Mitsukoshi Holdings Ltd.

    6,100      65,574

J. Front Retailing Co., Ltd.

    7,000      41,181

J.C. Penney Co., Inc.

    3,900    $ 125,463

Kohl’s Corp.*

    5,000      273,900

Lifestyle International Holdings Ltd.

    6,500      11,737

Macy’s, Inc.

    6,900      150,213

Marks & Spencer Group plc

    26,919      151,185

Marui Group Co., Ltd.

    3,300      23,932

Next plc

    3,359      110,305

Nordstrom, Inc.

    2,700      110,295

PPR S.A.

    1,340      178,399

Sears Holdings Corp.*

    800      86,744

Takashimaya Co., Ltd.

    4,000      32,859

Target Corp.

    50,320      2,646,832
         
        4,166,143
         

Specialty Retail (2.2%)

      

ABC-Mart, Inc.

    200      6,396

Abercrombie & Fitch Co., Class A

    1,300      59,332

AutoNation, Inc.*

    1,800      32,544

AutoZone, Inc.*

    400      69,236

Bed Bath & Beyond, Inc.*

    4,300      188,168

Best Buy Co., Inc.

    5,500      233,970

Chico’s FAS, Inc.

    133,750      1,928,675

Esprit Holdings Ltd.

    20,716      163,423

Fast Retailing Co., Ltd.

    800      139,052

GameStop Corp., Class A*

    2,500      54,775

Gap, Inc.

    7,600      175,636

Hennes & Mauritz AB, Class B

    8,391      545,137

Home Depot, Inc.

    91,950      2,974,582

Inditex S.A.

    38,147      2,514,592

Kingfisher plc

    915,911      2,979,935

Limited Brands, Inc.

    4,400      108,328

Lowe’s Cos., Inc.

    24,100      584,184

Nitori Co., Ltd.

    750      56,958

Office Depot, Inc.*

    5,000      39,900

O’Reilly Automotive, Inc.*

    2,300      95,933

RadioShack Corp.

    2,200      49,786

Ross Stores, Inc.

    1,900      101,593

Sherwin-Williams Co.

    1,600      108,288

Shimamura Co., Ltd.

    300      26,570

Staples, Inc.

    11,800      276,002

Tiffany & Co.

    2,000      94,980

TJX Cos., Inc.

    6,800      289,136

Urban Outfitters, Inc.*

    2,100      79,863

USS Co., Ltd.

    24,590      1,670,195

Yamada Denki Co., Ltd.

    1,600      118,088
         
        15,765,257
         

Textiles, Apparel & Luxury Goods (0.4%)

      

Adidas AG

    3,683      196,988

Asics Corp.

    2,000      19,553

Billabong International Ltd.

    2,587      26,826

Burberry Group plc

    6,348      68,828

Christian Dior S.A.

    1,182      126,089

Cie Financiere Richemont S.A., Class A

    9,147      354,203

Coach, Inc.

    5,200      205,504

Hermes International S.A.

    934      129,746

Luxottica Group S.p.A.

    2,355      62,980

LVMH Moet Hennessy Louis Vuitton S.A.

    4,008      468,476

NIKE, Inc., Class B

    6,400      470,400

Nisshinbo Holdings, Inc.

    1,000      10,354

Polo Ralph Lauren Corp.

    900      76,536

Puma AG Rudolf Dassler Sport

    76      24,076

Swatch Group AG

    564      179,834

Swatch Group AG (Registered)

    795      47,275

 

See Notes to Portfolio of Investments.

471

EQ ADVISORS TRUST

EQ/TEMPLETON GLOBAL EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

VF Corp.

    1,500    $ 120,225

Yue Yuen Industrial Holdings Ltd.†

    11,500      39,991
         
        2,627,884
         

Total Consumer Discretionary

         98,887,472
         

Consumer Staples (6.5%)

      

Beverages (1.1%)

      

Anheuser-Busch InBev N.V.

    12,081      608,550

Asahi Breweries Ltd.

    7,100      133,130

Brown-Forman Corp., Class B

    1,700      101,065

Carlsberg A/S, Class B

    1,927      161,731

Coca Cola Hellenic Bottling Co. S.A.

    2,902      78,235

Coca-Cola Amatil Ltd.

    9,749      100,644

Coca-Cola Co.

    37,800      2,079,000

Coca-Cola Enterprises, Inc.

    5,400      149,364

Coca-Cola West Co., Ltd.

    500      8,177

Constellation Brands, Inc., Class A*

    3,400      55,896

Diageo plc

    42,375      711,203

Dr. Pepper Snapple Group, Inc.

    4,100      144,197

Foster’s Group Ltd.

    34,970      169,757

Heineken Holding N.V.

    1,734      77,135

Heineken N.V.

    4,224      217,081

Ito En Ltd.

    400      6,191

Kirin Holdings Co., Ltd.

    13,000      191,753

Molson Coors Brewing Co., Class B

    2,600      109,356

PepsiCo, Inc.

    26,808      1,773,617

Pernod-Ricard S.A.

    3,451      293,043

SABMiller plc

    15,883      465,659

Sapporo Holdings Ltd.

    3,000      15,660
         
        7,650,444
         

Food & Staples Retailing (1.9%)

      

Aeon Co., Ltd.

    9,900      112,353

Carrefour S.A.

    10,585      510,175

Casino Guichard Perrachon S.A.

    1,060      89,695

Colruyt S.A.

    265      65,231

Costco Wholesale Corp.

    7,100      423,941

CVS Caremark Corp.

    88,738      3,244,261

Delhaize Group S.A.

    1,776      142,726

FamilyMart Co., Ltd.

    1,300      41,368

J Sainsbury plc

    20,452      101,674

Jeronimo Martins SGPS S.A.

    2,930      29,681

Kesko Oyj, Class B

    918      36,131

Koninklijke Ahold N.V.

    20,192      269,178

Kroger Co.

    10,400      225,264

Lawson, Inc.

    1,300      55,482

Metcash Ltd.

    10,845      41,201

Metro AG

    2,013      119,412

Olam International Ltd.

    21,000      38,879

Safeway, Inc.

    6,700      166,562

Seven & I Holdings Co., Ltd.

    12,600      304,454

SUPERVALU, Inc.

    3,600      60,048

Sysco Corp.

    9,700      286,150

Tesco plc

    503,368      3,326,232

UNY Co., Ltd.

    2,000      16,537

Walgreen Co.

    16,200      600,858

Wal-Mart Stores, Inc.

    35,000      1,946,000

Wesfarmers Ltd.

    16,720      487,757

Wesfarmers Ltd. (PPS)

    2,426      70,950

Whole Foods Market, Inc.*

    2,900      104,835

WM Morrison Supermarkets plc

    36,130      160,918

Woolworths Ltd.

    21,084      541,736
         
        13,619,689
         

Food Products (1.9%)

      

Ajinomoto Co., Inc.

    12,000      118,858

Archer-Daniels-Midland Co.

    10,500      303,450

Aryzta AG

    1,185    $ 51,922

Associated British Foods plc

    6,098      90,548

Campbell Soup Co.

    3,200      113,120

ConAgra Foods, Inc.

    7,300      183,011

Danone S.A.

    9,177      552,813

Dean Foods Co.*

    3,100      48,639

General Mills, Inc.

    5,400      382,266

Golden Agri-Resources Ltd.*

    123,472      51,191

Goodman Fielder Ltd.

    15,534      20,384

H.J. Heinz Co.

    5,200      237,172

Hershey Co.

    2,600      111,306

Hormel Foods Corp.

    1,000      42,010

J.M. Smucker Co.

    2,000      120,520

Kellogg Co.

    4,200      224,406

Kerry Group plc, Class A

    2,613      81,173

Kikkoman Corp.

    2,000      23,404

Kraft Foods, Inc., Class A

    28,500      861,840

Lindt & Spruengli AG

    11      26,029

Lindt & Spruengli AG (Registered)

    2      54,154

McCormick & Co., Inc.(Non- Voting)

    2,100      80,556

Mead Johnson Nutrition Co., Class A

    3,300      171,699

MEIJI Holdings Co. Ltd.

    1,400      54,359

Nestle S.A. (Registered)

    134,702      6,898,623

Nippon Meat Packers, Inc.

    4,000      50,615

Nisshin Seifun Group, Inc.

    2,500      32,276

Nissin Food Holdings Co., Ltd.

    1,500      50,460

Parmalat S.p.A.

    31,567      86,444

Premier Foods plc*§

    1,780,555      857,612

Sara Lee Corp.

    11,900      165,767

Suedzucker AG

    832      18,362

Toyo Suisan Kaisha Ltd.

    2,000      51,728

Tyson Foods, Inc., Class A

    5,200      99,580

Unilever N.V. (CVA)

    27,404      828,911

Unilever plc

    21,734      638,189

Wilmar International Ltd.

    21,000      100,575

Yakult Honsha Co., Ltd.

    1,400      37,767

Yamazaki Baking Co., Ltd.

    2,000      24,751
         
        13,946,490
         

Household Products (0.8%)

      

Clorox Co.

    2,400      153,936

Colgate-Palmolive Co.

    8,100      690,606

Henkel AG & Co. KGaA

    2,095      97,070

Henkel AG & Co. KGaA (Preference)

    2,984      160,649

Kao Corp.

    9,000      228,153

Kimberly-Clark Corp.

    6,800      427,584

Procter & Gamble Co.

    47,700      3,017,979

Reckitt Benckiser Group plc

    10,261      563,206

Unicharm Corp.

    800      77,270
         
        5,416,453
         

Personal Products (0.1%)

      

Avon Products, Inc.

    7,000      237,090

Beiersdorf AG

    1,569      93,848

Estee Lauder Cos., Inc., Class A

    1,900      123,253

L’Oreal S.A.

    3,917      411,918

Shiseido Co., Ltd.

    6,000      130,281
         
        996,390
         

Tobacco (0.7%)

      

Altria Group, Inc.

    34,000      697,680

British American Tobacco plc

    33,808      1,165,362

Imperial Tobacco Group plc

    17,333      528,687

Japan Tobacco, Inc.

    75      279,174

Lorillard, Inc.

    2,500      188,100

Philip Morris International, Inc.

    31,000      1,616,960

Reynolds American, Inc.

    2,700      145,746

 

See Notes to Portfolio of Investments.

472

EQ ADVISORS TRUST

EQ/TEMPLETON GLOBAL EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

Swedish Match AB

    4,321    $ 103,289
         
        4,724,998
         

Total Consumer Staples

         46,354,464
         

Energy (8.8%)

      

Energy Equipment & Services (1.3%)

      

AMEC plc

    5,123      62,115

Baker Hughes, Inc.

    34,350      1,608,954

BJ Services Co.

    5,000      107,000

Cameron International Corp.*

    4,000      171,440

Cie Generale de Geophysique-Veritas*

    2,598      73,706

Diamond Offshore Drilling, Inc.

    1,100      97,691

FMC Technologies, Inc.*

    2,100      135,723

Fugro N.V. (CVA)

    1,309      85,554

Halliburton Co.

    86,860      2,617,092

Helmerich & Payne, Inc.

    1,800      68,544

Nabors Industries Ltd.*

    4,600      90,298

National Oilwell Varco, Inc.

    6,900      280,002

Petrofac Ltd.

    3,246      59,208

Rowan Cos., Inc.*

    2,000      58,220

Saipem S.p.A.

    4,821      186,554

SBM Offshore N.V.

    91,202      1,824,941

Schlumberger Ltd.

    19,700      1,250,162

Seadrill Ltd.

    4,862      113,304

Smith International, Inc.

    4,100      175,562

Technip S.A.

    1,928      156,764

Tenaris S.A.

    8,306      179,272

WorleyParsons Ltd.

    3,033      70,833
         
        9,472,939
         

Oil, Gas & Consumable Fuels (7.5%)

      

Anadarko Petroleum Corp.

    8,100      589,923

Apache Corp.

    5,500      558,250

Arrow Energy Ltd.*

    7,365      33,995

BG Group plc

    150,649      2,607,296

BP plc

    876,339      8,290,250

Cabot Oil & Gas Corp.

    1,800      66,240

Cairn Energy plc*

    22,420      141,873

Caltex Australia Ltd.

    1,382      14,343

Chesapeake Energy Corp.

    10,500      248,220

Chevron Corp.

    56,230      4,263,921

ConocoPhillips

    24,400      1,248,548

Consol Energy, Inc.

    3,000      127,980

Cosmo Oil Co., Ltd.

    8,000      19,339

Denbury Resources, Inc.*

    6,600      111,342

Devon Energy Corp.

    7,200      463,896

El Paso Corp.

    11,300      122,492

Energy Resources of Australia Ltd.

    1,492      25,877

ENI S.p.A.

    195,347      4,582,995

EOG Resources, Inc.

    4,100      381,054

Exxon Mobil Corp.

    77,600      5,197,648

Galp Energia SGPS S.A., Class B

    2,317      40,245

Gazprom OAO (ADR)

    74,400      1,746,168

Hellenic Petroleum S.A.

    1,510      17,295

Hess Corp.

    4,800      300,240

Idemitsu Kosan Co., Ltd.

    300      22,719

INPEX Corp.

    12      88,052

Japan Petroleum Exploration Co.

    400      20,280

Lundin Petroleum AB*

    3,230      27,354

Marathon Oil Corp.

    11,600      367,024

Massey Energy Co.

    1,400      73,206

Mongolia Energy Co., Ltd.*

    56,134      25,955

Murphy Oil Corp.

    3,200      179,808

Neste Oil Oyj

    2,324      40,523

Nippon Mining Holdings, Inc.†

    16,500      77,126

Nippon Oil Corp.†

    23,000    $ 115,873

Noble Energy, Inc.

    2,800      204,400

Occidental Petroleum Corp.

    13,300      1,124,382

OMV AG

    2,749      103,146

Origin Energy Ltd.

    15,621      237,238

Paladin Energy Ltd.*

    8,614      31,223

Peabody Energy Corp.

    4,400      201,080

Pioneer Natural Resources Co.

    2,000      112,640

Range Resources Corp.

    2,500      117,175

Repsol YPF S.A.

    12,023      284,667

Royal Dutch Shell plc, Class A

    60,044      1,740,330

Royal Dutch Shell plc, Class B

    200,781      5,531,559

Santos Ltd.

    14,902      200,473

Showa Shell Sekiyu KK

    3,400      22,984

Southwestern Energy Co.*

    5,700      232,104

Spectra Energy Corp.

    10,500      236,565

Statoil ASA

    90,530      2,095,997

Sunoco, Inc.

    2,000      59,420

Tesoro Corp.

    2,400      33,360

TonenGeneral Sekiyu KK

    4,000      33,758

Total S.A.

    120,202      6,977,839

Tullow Oil plc

    15,101      286,447

Valero Energy Corp.

    9,300      183,210

Williams Cos., Inc.

    9,600      221,760

Woodside Petroleum Ltd.

    8,988      386,824

XTO Energy, Inc.

    9,500      448,210
         
        53,344,141
         

Total Energy

         62,817,080
         

Financials (15.8%)

      

Capital Markets (1.4%)

      

3i Group plc

    16,363      72,307

Ameriprise Financial, Inc.

    4,300      195,048

Bank of New York Mellon Corp.

    19,700      608,336

Charles Schwab Corp.

    15,600      291,564

Credit Suisse Group AG (Registered)

    19,633      1,012,001

Daiwa Securities Group, Inc.

    29,500      155,246

Deutsche Bank AG (Registered)

    9,941      765,731

E*TRADE Financial Corp.*

    24,100      39,765

Federated Investors, Inc., Class B

    1,600      42,208

Franklin Resources, Inc.

    2,400      266,160

GAM Holding Ltd.

    2,812      34,537

Goldman Sachs Group, Inc.

    8,630      1,472,537

ICAP plc

    8,026      45,527

Invesco Ltd.

    6,900      151,179

Investec plc

    6,188      50,614

Jafco Co., Ltd.

    200      5,252

Janus Capital Group, Inc.

    2,800      40,012

Julius Baer Group Ltd.

    3,782      137,198

Legg Mason, Inc.

    2,800      80,276

Macquarie Group Ltd.

    5,490      238,041

Man Group plc

    31,528      115,543

Marfin Investment Group S.A.*

    11,826      27,154

Matsui Securities Co., Ltd.

    1,400      10,003

Mediobanca S.p.A.*

    9,044      97,172

Mizuho Securities Co., Ltd.

    10,000      31,661

Morgan Stanley

    22,700      664,883

Nomura Holdings, Inc.

    61,100      450,293

Northern Trust Corp.

    4,000      221,040

Ratos AB, Class B*

    1,898      62,955

SBI Holdings, Inc.

    322      63,546

Schroders plc

    1,544      32,966

State Street Corp.

    8,100      365,634

T. Rowe Price Group, Inc.

    4,200      230,706

 

See Notes to Portfolio of Investments.

473

EQ ADVISORS TRUST

EQ/TEMPLETON GLOBAL EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

 

     Number of
Shares		    Value
(Note 1)

UBS AG (Registered)*

    135,699    $ 2,205,881
         
        10,282,976
         

Commercial Banks (5.9%)

      

77 Bank Ltd.

    7,000      39,983

Alpha Bank AE*

    8,668      82,069

Aozora Bank Ltd.

    10,000      14,119

Australia & New Zealand Banking Group Ltd.

    42,156      981,038

Banca Carige S.p.A.

    12,050      32,917

Banca Monte dei Paschi di Siena S.p.A.

    39,976      59,177

Banca Popolare Societa Cooperativa

    5,500      34,153

Banco Bilbao Vizcaya Argentaria S.A.

    59,903      819,598

Banco Comercial Portugues S.A. (Registered)

    45,784      50,955

Banco de Sabadell S.A.

    16,084      88,807

Banco de Valencia S.A.

    2,907      18,532

Banco Espirito Santo S.A. (Registered)*

    10,469      56,560

Banco Popolare S.c.a.r.l.*

    12,157      84,562

Banco Popular Espanol S.A.

    16,103      118,535

Banco Santander S.A.

    137,329      1,825,157

Bank of Cyprus PCL

    10,565      66,782

Bank of East Asia Ltd.

    28,000      103,139

Bank of Kyoto Ltd.

    5,000      46,048

Bank of Yokohama Ltd.

    23,000      112,675

Bankinter S.A.

    4,868      40,502

Barclays plc

    193,247      1,056,588

BB&T Corp.

    11,300      366,007

Bendigo and Adelaide Bank Ltd.

    5,159      47,342

BNP Paribas S.A.

    15,737      1,208,569

BOC Hong Kong Holdings Ltd.

    60,000      143,117

Chiba Bank Ltd.

    12,000      71,751

Chugoku Bank Ltd.

    2,000      26,998

Chuo Mitsui Trust Holdings, Inc.

    18,000      67,579

Comerica, Inc.

    3,000      114,120

Commerzbank AG*

    12,518      107,210

Commonwealth Bank of Australia

    26,110      1,348,699

Credit Agricole S.A.

    15,244      266,837

Danske Bank A/S*

    8,135      200,135

DBS Group Holdings Ltd.

    216,988      2,218,041

Deutsche Postbank AG*

    1,574      50,501

Dexia S.A.*

    9,983      59,543

DnB NOR ASA*

    15,277      174,537

EFG Eurobank Ergasias S.A.*

    5,179      47,566

Erste Group Bank AG

    3,229      135,635

Fifth Third Bancorp

    12,900      175,311

First Horizon National Corp.*

    3,824      53,725

Fukuoka Financial Group, Inc.

    14,000      59,450

Gunma Bank Ltd.

    8,000      44,240

Hachijuni Bank Ltd.

    9,000      51,214

Hang Seng Bank Ltd.

    13,900      193,706

Hiroshima Bank Ltd.

    7,000      29,575

Hokuhoku Financial Group, Inc.

    18,000      39,469

HSBC Holdings plc

    614,151      6,241,815

Huntington Bancshares, Inc./Ohio

    10,800      57,996

ICICI Bank Ltd. (ADR)

    43,240      1,846,348

Intesa Sanpaolo S.p.A.*

    729,974      2,708,882

Iyo Bank Ltd.

    3,000      28,527

Joyo Bank Ltd.

    11,000      49,064

KB Financial Group, Inc. (ADR)

    26,155      1,254,394

KBC Groep N.V.*

    2,903      140,585

KeyCorp

    14,500      112,375

Lloyds Banking Group plc*

    646,719      616,022

M&T Bank Corp.

    1,300      103,194

Marshall & Ilsley Corp.

    8,400    $ 67,620

Mitsubishi UFJ Financial Group, Inc.

    212,000      1,111,135

Mizuho Financial Group, Inc.

    226,945      449,084

Mizuho Trust & Banking Co., Ltd.

    26,000      26,142

National Australia Bank Ltd.

    35,285      891,078

National Bank of Greece S.A.*

    10,640      214,127

Natixis S.A.*

    15,457      83,404

Nishi-Nippon City Bank Ltd.

    14,000      41,331

Nordea Bank AB

    53,938      532,239

Oversea-Chinese Banking Corp., Ltd.

    45,000      280,174

Piraeus Bank S.A.*

    4,847      42,357

PNC Financial Services Group, Inc.

    8,500      507,450

Raiffeisen International Bank Holding AG

    850      40,411

Regions Financial Corp.

    19,800      155,430

Resona Holdings, Inc.

    7,518      95,051

Royal Bank of Scotland Group plc*

    292,499      195,302

Sapporo Hokuyo Holdings, Inc.

    2,924      13,355

Senshu Ikeda Holdings, Inc.

    6,000      10,910

Seven Bank Ltd.

    13      26,142

Shinsei Bank Ltd.

    21,000      25,382

Shizuoka Bank Ltd.

    10,000      87,175

Skandinaviska Enskilda Banken AB, Class A*

    26,676      170,424

Societe Generale S.A.

    10,554      663,773

Standard Chartered plc

    34,276      934,949

Sumitomo Mitsui Financial Group, Inc.

    21,689      716,858

Sumitomo Trust & Banking Co., Ltd.

    25,000      146,540

SunTrust Banks, Inc.

    8,200      219,678

Suruga Bank Ltd.

    5,000      44,711

Svenska Handelsbanken AB, Class A

    7,865      230,484

Swedbank AB, Class A*

    9,188      94,290

U.S. Bancorp

    31,400      812,632

UniCredit S.p.A.*

    977,644      2,888,495

Unione di Banche Italiane S.c.p.A.

    10,531      142,095

United Overseas Bank Ltd.

    22,000      302,255

Wells Fargo & Co.

    85,000      2,645,200

Westpac Banking Corp.

    50,374      1,286,924

Wing Hang Bank Ltd.

    2,500      22,861

Yamaguchi Financial Group, Inc.

    3,000      32,827

Zions Bancorp

    2,200      48,004
         
        42,490,274
         

Consumer Finance (0.7%)

      

Acom Co., Ltd.

    750      12,274

Aeon Credit Service Co., Ltd.

    400      4,749

American Express Co.

    98,970      4,083,502

Capital One Financial Corp.

    7,400      306,434

Credit Saison Co., Ltd.

    3,200      49,631

Discover Financial Services

    9,100      135,590

ORIX Corp.

    1,680      148,970

SLM Corp.*

    8,000      100,160
         
        4,841,310
         

Diversified Financial Services (2.0%)

      

ASX Ltd.

    3,232      100,661

Bank of America Corp.

    165,056      2,946,250

Cie Nationale a Portefeuille

    527      27,617

Citigroup, Inc.*

    322,500      1,306,125

CME Group, Inc.

    1,092      345,192

Criteria Caixacorp S.A.

    15,090      74,779

Deutsche Boerse AG

    3,412      252,910

Eurazeo S.A.

    584      40,567

Exor S.p.A.

    839      14,573

Groupe Bruxelles Lambert S.A.

    1,465      129,447

 

See Notes to Portfolio of Investments.

474

EQ ADVISORS TRUST

EQ/TEMPLETON GLOBAL EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

 

     Number of
Shares		    Value
(Note 1)

Hong Kong Exchanges and Clearing Ltd.

    17,300    $ 288,770

ING Groep N.V. (CVA)*

    400,746      4,001,050

IntercontinentalExchange, Inc.*

    1,200      134,616

Investor AB, Class B

    8,289      158,993

JPMorgan Chase & Co.

    91,340      4,087,465

Kinnevik Investment AB, Class B

    4,006      73,789

Leucadia National Corp.*

    3,100      76,911

London Stock Exchange Group plc

    1,891      20,388

Mitsubishi UFJ Lease & Finance Co., Ltd.

    1,030      37,458

Moody’s Corp.

    3,100      92,225

NASDAQ OMX Group, Inc.*

    2,400      50,688

NYSE Euronext

    4,400      130,284

Pargesa Holding S.A.

    496      42,102

Pohjola Bank plc

    2,090      23,486

Singapore Exchange Ltd.

    16,000      87,494
         
        14,543,840
         

Insurance (4.2%)

      

ACE Ltd.

    38,940      2,036,562

Admiral Group plc

    2,663      53,342

Aegon N.V.*

    28,356      194,176

Aflac, Inc.

    7,700      418,033

Allianz SE (Registered)

    7,523      943,240

Allstate Corp.

    8,800      284,328

American International Group, Inc.*

    2,305      78,693

AMP Ltd.

    36,570      210,076

Aon Corp.

    4,500      192,195

Assicurazioni Generali S.p.A.

    19,443      466,652

Assurant, Inc.

    2,000      68,760

Aviva plc

    697,248      4,076,758

AXA S.A.

    28,392      631,586

Baloise Holding AG (Registered)

    751      66,596

Berkshire Hathaway, Inc., Class B*

    27,264      2,215,745

Chubb Corp.

    5,400      279,990

Cincinnati Financial Corp.

    2,800      80,920

CNP Assurances S.A.

    749      70,734

Fondiaria-Sai S.p.A.

    434      6,530

Fortis*

    38,098      135,641

Genworth Financial, Inc., Class A*

    7,700      141,218

Hannover Rueckversicherung AG (Registered)*

    1,147      56,639

Hartford Financial Services Group, Inc.

    6,300      179,046

Insurance Australia Group Ltd.

    39,334      140,048

Legal & General Group plc

    109,296      146,037

Lincoln National Corp.

    4,900      150,430

Loews Corp.

    6,100      227,408

Mapfre S.A.

    13,973      51,258

Marsh & McLennan Cos., Inc.

    8,700      212,454

Mediolanum S.p.A.

    2,314      13,541

MetLife, Inc.

    13,400      580,756

Mitsui Sumitomo Insurance Group Holdings, Inc.

    8,911      247,342

Muenchener Rueckversicherungs-Gesellschaft AG (Registered)

    17,851      2,896,871

Nipponkoa Insurance Co., Ltd.†

    13,000      81,624

Old Mutual plc*

    97,084      180,473

Principal Financial Group, Inc.

    5,300      154,813

Progressive Corp.

    202,230      3,860,571

Prudential Financial, Inc.

    7,600      459,800

Prudential plc

    43,904      364,768

QBE Insurance Group Ltd.

    17,872      341,617

RenaissanceReinsurance Holdings Ltd.

    31,890      1,810,076

Resolution Ltd.*

    31,588    $ 39,282

RSA Insurance Group plc

    61,744      119,463

Sampo Oyj, Class A

    7,715      204,654

SCOR SE

    3,277      82,768

Sompo Japan Insurance, Inc.†

    16,000      112,269

Sony Financial Holdings, Inc.

    18      59,108

Standard Life plc§

    35,867      109,020

Suncorp-Metway Ltd.

    23,216      181,937

Swiss Life Holding AG (Registered)*

    431      56,614

Swiss Reinsurance Co., Ltd.*

    45,492      2,239,221

T&D Holdings, Inc.

    5,250      124,273

Tokio Marine Holdings, Inc.

    11,800      332,329

Topdanmark A/S*

    205      26,704

Torchmark Corp.

    1,500      80,265

Travelers Cos., Inc.

    8,400      453,096

TrygVesta A/S

    520      34,322

Unipol Gruppo Finanziario S.p.A.*

    4,165      4,703

Unum Group

    5,500      136,235

Vienna Insurance Group

    501      26,458

XL Capital Ltd., Class A

    5,900      111,510

Zurich Financial Services AG

    2,583      662,163
         
        30,003,741
         

Real Estate Investment Trusts (REITs) (0.6%)

      

Apartment Investment & Management Co. (REIT), Class A

    2,100      38,661

Ascendas Real Estate Investment Trust (REIT)

    19,000      26,077

AvalonBay Communities, Inc. (REIT)

    1,300      112,255

Boston Properties, Inc. (REIT)

    2,300      173,512

British Land Co. plc (REIT)

    14,637      106,860

CapitaMall Trust (REIT)

    40,000      50,609

CFS Retail Property Trust (REIT)

    28,118      48,380

Corio N.V. (REIT)

    963      64,299

Dexus Property Group (REIT)

    70,587      52,467

Equity Residential (REIT)

    4,500      176,175

Fonciere Des Regions (REIT)

    482      53,090

Gecina S.A. (REIT)

    392      43,384

Goodman Group (REIT)

    99,465      59,785

GPT Group (REIT)

    161,389      85,157

Hammerson plc (REIT)

    11,857      70,784

HCP, Inc. (REIT)

    4,800      158,400

Health Care REIT, Inc. (REIT)

    1,900      85,937

Host Hotels & Resorts, Inc. (REIT)

   10,311      151,056

ICADE (REIT)

    366      40,738

Japan Prime Realty Investment Corp. (REIT)

    8      17,807

Japan Real Estate Investment Corp. (REIT)

    9      76,725

Japan Retail Fund Investment Corp. (REIT)

    20      23,532

Kimco Realty Corp. (REIT)

    6,200      96,968

Klepierre S.A. (REIT)

    1,764      69,284

Land Securities Group plc (REIT)

    12,995      133,701

Liberty International plc (REIT)

    7,183      54,883

Link REIT (REIT)

    40,500      99,838

Mirvac Group (REIT)

    40,514      54,837

Nippon Building Fund, Inc. (REIT)

    10      86,105

Nomura Real Estate Office Fund, Inc. (REIT)

    3      16,847

Plum Creek Timber Co., Inc. (REIT)

    2,800      108,948

ProLogis (REIT)

    7,400      97,680

Public Storage (REIT)

    2,200      202,378

Segro plc (REIT)

    10,803      52,394

Simon Property Group, Inc. (REIT)

   4,703      394,582

Stockland Corp., Ltd. (REIT)

    43,027      157,540

 

See Notes to Portfolio of Investments.

475

EQ ADVISORS TRUST

EQ/TEMPLETON GLOBAL EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

 

     Number of
Shares		    Value
(Note 1)

Unibail-Rodamco S.A. (REIT)

    1,479    $ 299,642

Ventas, Inc. (REIT)

    2,700      128,196

Vornado Realty Trust (REIT)

    2,546      192,732

Westfield Group (REIT)

    35,773      395,895
         
        4,358,140
         

Real Estate Management & Development (1.0%)

      

Aeon Mall Co., Ltd.

    1,500      31,624

BGP Holdings plc(b)*†

    177,813      —  

CapitaLand Ltd.

    45,000      127,703

CapitaMalls Asia Ltd.*

    24,200      39,095

CB Richard Ellis Group, Inc., Class A*

    4,100      64,985

Cheung Kong Holdings Ltd.

    166,000      2,138,004

Chinese Estates Holdings Ltd.

    10,500      17,554

City Developments Ltd.

    10,000      75,771

Daito Trust Construction Co., Ltd.

    1,500      72,361

Daiwa House Industry Co., Ltd.

    10,000      112,846

Hang Lung Group Ltd.

    13,000      68,983

Hang Lung Properties Ltd.

    38,000      153,189

Henderson Land Development Co., Ltd.

    20,000      140,902

Hopewell Holdings Ltd.

    8,000      23,698

Hysan Development Co., Ltd.

    8,000      23,132

Immoeast AG*

    8,379      45,947

Kerry Properties Ltd.

    13,000      69,736

Lend Lease Group

    6,882      54,690

Mitsubishi Estate Co., Ltd.

    20,000      327,308

Mitsui Fudosan Co., Ltd.

    14,000      237,651

New World Development Ltd.

    48,000      93,969

Nomura Real Estate Holdings, Inc.

    1,600      24,679

NTT Urban Development Corp.

    14      11,830

Sino Land Co., Ltd.

    34,000      66,649

Sumitomo Realty & Development Co., Ltd.

    6,000      114,173

Sun Hung Kai Properties Ltd.

    24,000      361,039

Swire Pacific Ltd., Class A

    194,000      2,333,722

Tokyo Tatemono Co., Ltd.

    4,000      14,376

Tokyu Land Corp.

    9,000      34,367

UOL Group Ltd.

    6,000      16,727

Wharf Holdings Ltd.

    25,000      140,870

Wheelock & Co., Ltd.

    14,000      41,292
         
        7,078,872
         

Thrifts & Mortgage Finance (0.0%)

     

Hudson City Bancorp, Inc.

    8,300      117,528

People’s United Financial, Inc.

    6,000      93,840
         
        211,368
         

Total Financials

         113,810,521
         

Health Care (13.6%)

      

Biotechnology (1.8%)

      

Actelion Ltd. (Registered)*

    1,815      82,574

Amgen, Inc.*

    156,900      9,376,344

Biogen Idec, Inc.*

    22,600      1,296,336

Celgene Corp.*

    7,500      464,700

Cephalon, Inc.*

    1,100      74,558

CSL Ltd.

    9,855      329,452

Genzyme Corp.*

    4,200      217,686

Gilead Sciences, Inc.*

    14,800      673,104

Grifols S.A.

    1,547      23,109
         
        12,537,863
         

Health Care Equipment & Supplies (2.0%)

      

Baxter International, Inc.

    9,900      576,180

Becton, Dickinson and Co.

    3,900      307,047

BioMerieux

    146      16,768

Boston Scientific Corp.*

    206,410    $ 1,490,280

C.R. Bard, Inc.

    1,600      138,592

CareFusion Corp.*

    2,950      77,969

Cie Generale d’Optique Essilor International S.A.

    3,599      229,779

Cochlear Ltd.

    833      55,679

Coloplast A/S, Class B

    435      47,905

Covidien plc

    117,570      5,911,420

DENTSPLY International, Inc.

    2,600      90,610

Fresenius SE

    523      38,929

Fresenius SE (Preference)

    1,437      108,495

Getinge AB, Class B

    3,379      81,005

Hospira, Inc.*

    2,600      147,290

Intuitive Surgical, Inc.*

    627      218,278

Medtronic, Inc.

    69,198      3,115,986

Nobel Biocare Holding AG (Registered)

    1,813      48,489

Olympus Corp.

    4,000      128,356

Smith & Nephew plc

    15,968      159,079

Sonova Holding AG

    815      101,257

St. Jude Medical, Inc.*

    5,500      225,775

Straumann Holding AG (Registered)

    95      23,651

Stryker Corp.

    4,600      263,212

Synthes, Inc.

    1,090      136,043

Sysmex Corp.

    700      41,031

Terumo Corp.

    2,900      154,476

Varian Medical Systems, Inc.*

    2,100      116,193

William Demant Holding A/S*

    423      29,930

Zimmer Holdings, Inc.*

    3,500      207,200
         
        14,286,904
         

Health Care Providers & Services (1.1%)

      

Aetna, Inc.

    7,000      245,770

Alfresa Holdings Corp.

    400      17,242

AmerisourceBergen Corp.

    4,700      135,924

Cardinal Health, Inc.

    5,900      212,577

Celesio AG

    1,278      40,858

CIGNA Corp.

    4,400      160,952

Coventry Health Care, Inc.*

    2,600      64,272

DaVita, Inc.*

    1,600      101,440

Express Scripts, Inc.*

    4,500      457,920

Fresenius Medical Care AG & Co. KGaA

    3,459      195,169

Humana, Inc.*

    2,800      130,956

Laboratory Corp. of America Holdings*

    1,700      128,707

McKesson Corp.

    4,400      289,168

Medco Health Solutions, Inc.*

    7,700      497,112

Medipal Holdings Corp.

    2,000      23,682

Patterson Cos., Inc.

    1,300      40,365

Quest Diagnostics, Inc.

    70,680      4,119,937

Sonic Healthcare Ltd.

    7,062      93,124

Suzuken Co., Ltd.

    1,000      35,244

Tenet Healthcare Corp.*

    6,300      36,036

UnitedHealth Group, Inc.

    19,100      623,997

WellPoint, Inc.*

    7,400      476,412
         
        8,126,864
         

Life Sciences Tools & Services (0.4%)

      

Life Technologies Corp.*

    2,900      151,583

Lonza Group AG (Registered)

    28,679      2,339,144

Millipore Corp.*

    1,000      105,600

PerkinElmer, Inc.

    1,700      40,630

QIAGEN N.V.*

    4,116      94,786

Thermo Fisher Scientific, Inc.*

    6,700      344,648

 

See Notes to Portfolio of Investments.

476

EQ ADVISORS TRUST

EQ/TEMPLETON GLOBAL EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

 

     Number of
Shares		    Value
(Note 1)

Waters Corp.*

    1,600    $ 108,064
         
        3,184,455
         

Pharmaceuticals (8.3%)

      

Abbott Laboratories, Inc.

    53,870      2,837,872

Allergan, Inc.

    5,000      326,600

Astellas Pharma, Inc.

    7,400      267,932

AstraZeneca plc

    24,548      1,094,824

Bayer AG

    13,924      941,827

Bristol-Myers Squibb Co.

    94,190      2,514,873

Chugai Pharmaceutical Co., Ltd.

    4,200      78,977

Daiichi Sankyo Co., Ltd.

    11,600      217,260

Dainippon Sumitomo Pharma Co., Ltd.

    3,000      27,500

Eisai Co., Ltd.

    4,500      160,525

Elan Corp. plc*

    8,710      65,644

Eli Lilly and Co.

    16,600      601,252

Forest Laboratories, Inc.*

    4,900      153,664

GlaxoSmithKline plc

    374,604      7,193,881

H. Lundbeck A/S

    1,400      26,391

Hisamitsu Pharmaceutical Co., Inc.

    1,200      44,604

Ipsen S.A.

    237      11,573

Johnson & Johnson

    45,200      2,947,040

King Pharmaceuticals, Inc.*

    4,300      50,568

Kyowa Hakko Kirin Co., Ltd.

    4,000      41,288

Merck & Co., Inc.

    166,561      6,221,053

Merck KGaA

    23,153      1,876,296

Mitsubishi Tanabe Pharma Corp.

    4,000      56,477

Mylan, Inc.*

    5,000      113,550

Novartis AG (Registered)

    135,297      7,307,629

Novo Nordisk A/S, Class B

    7,433      576,780

Ono Pharmaceutical Co., Ltd.

    1,500      66,745

Orion Oyj, Class B

    1,088      24,071

Pfizer, Inc.

    455,364      7,809,493

Roche Holding AG

    41,105      6,666,308

Sanofi-Aventis S.A.

    112,723      8,402,640

Santen Pharmaceutical Co., Ltd.

    1,000      30,014

Shionogi & Co., Ltd.

    5,000      95,090

Shire plc

    10,059      221,946

Taisho Pharmaceutical Co., Ltd.

    2,000      36,368

Takeda Pharmaceutical Co., Ltd.

    12,500      550,193

Tsumura & Co.

    800      23,232

UCB S.A.

    1,634      69,773

Watson Pharmaceuticals, Inc.*

    1,800      75,186
         
        59,826,939
         

Total Health Care

         97,963,025
         

Industrials (12.0%)

      

Aerospace & Defense (1.3%)

      

BAE Systems plc

    377,856      2,129,021

Boeing Co.

    12,400      900,364

Cobham plc

    17,106      66,713

Empresa Brasileira de Aeronautica S.A. (ADR)

    54,400      1,303,424

European Aeronautic Defence and Space Co. N.V.

    7,190      144,648

Finmeccanica S.p.A.

    7,324      97,735

General Dynamics Corp.

    6,300      486,360

Goodrich Corp.

    2,000      141,040

Honeywell International, Inc.

    12,500      565,875

ITT Corp.

    3,000      160,830

L-3 Communications Holdings, Inc.

    2,000      183,260

Lockheed Martin Corp.

    5,200      432,744

Northrop Grumman Corp.

    5,100      334,407

Precision Castparts Corp.

    2,300      291,433

Raytheon Co.

    6,200      354,144

Rockwell Collins, Inc.

    2,500    $ 156,475

Rolls-Royce Group plc*

    32,619      294,769

Safran S.A.

    3,781      98,561

Singapore Technologies Engineering Ltd.

    19,000      43,325

Thales S.A.

    1,760      70,649

United Technologies Corp.

    15,400      1,133,594
         
        9,389,371
         

Air Freight & Logistics (2.2%)

      

C.H. Robinson Worldwide, Inc.

    2,800      156,380

Deutsche Post AG (Registered)

    167,088      2,898,826

Expeditors International of Washington, Inc.

    3,500      129,220

FedEx Corp.

    61,570      5,750,638

TNT N.V.

    6,673      191,344

Toll Holdings Ltd.

    12,605      85,827

United Parcel Service, Inc., Class B

    98,300      6,331,503

Yamato Holdings Co., Ltd.

    7,000      98,385
         
        15,642,123
         

Airlines (0.1%)

      

Air France-KLM*

    2,904      45,910

All Nippon Airways Co., Ltd.*

    14,000      39,983

British Airways plc*

    10,069      37,130

Cathay Pacific Airways Ltd.*

    15,000      31,606

Deutsche Lufthansa AG (Registered)

    4,348      72,116

Iberia Lineas Aereas de Espana S.A.*

    5,937      20,753

Qantas Airways Ltd.*

    24,199      63,065

Singapore Airlines Ltd.

    10,000      108,653

Southwest Airlines Co.

    12,200      161,284
         
        580,500
         

Building Products (0.2%)

      

Asahi Glass Co., Ltd.

    18,000      202,738

Assa Abloy AB, Class B

    5,916      115,770

Cie de Saint-Gobain S.A.

    6,331      304,414

Daikin Industries Ltd.

    4,200      171,837

Geberit AG (Registered)

    689      123,306

JS Group Corp.

    4,000      81,421

Masco Corp.

    6,200      96,224

Nippon Sheet Glass Co., Ltd.

    8,000      23,618

TOTO Ltd.

    3,000      20,441
         
        1,139,769
         

Commercial Services & Supplies (0.8%)

      

Avery Dennison Corp.

    1,700      61,897

Brambles Ltd.

    323,454      2,184,577

Cintas Corp.

    2,300      64,607

Dai Nippon Printing Co., Ltd.

    10,000      135,095

G4S plc

    19,509      77,417

Iron Mountain, Inc.

    2,800      76,720

Nissha Printing Co., Ltd.

    200      7,808

Pitney Bowes, Inc.

    3,500      85,575

R.R. Donnelley & Sons Co.

    3,200      68,320

Rentokil Initial plc*

    936,970      1,854,095

Republic Services, Inc.

    5,500      159,610

Secom Co., Ltd.

    3,400      148,743

Securitas AB, Class B

    5,668      60,443

Serco Group plc

    7,389      67,389

Societe BIC S.A.

    332      25,421

Stericycle, Inc.*

    1,500      81,750

Toppan Printing Co., Ltd.

    10,000      90,277

Waste Management, Inc.

    8,100      278,883
         
        5,528,627
         

Construction & Engineering (0.2%)

     

ACS Actividades de Construccion y Servicios S.A.

    2,624      121,067

 

See Notes to Portfolio of Investments.

477

EQ ADVISORS TRUST

EQ/TEMPLETON GLOBAL EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

 

     Number of
Shares		    Value
(Note 1)

Balfour Beatty plc

    11,863    $ 52,602

Bouygues S.A.

    3,940      198,068

Chiyoda Corp.

    3,000      29,779

Eiffage S.A.

    851      44,016

Ferrovial S.A.

    7,883      76,660

Fluor Corp.

    2,900      134,879

Fomento de Construcciones y Contratas S.A.

    558      20,428

Hochtief AG

    763      64,121

Jacobs Engineering Group, Inc.*

    2,100      94,899

JGC Corp.

    4,000      71,366

Kajima Corp.

    13,000      31,843

Kinden Corp.

    1,000      8,760

Koninklijke Boskalis Westminster N.V.

    823      31,541

Leighton Holdings Ltd.

    2,810      100,565

Obayashi Corp.

    12,000      53,268

Quanta Services, Inc.*

    3,400      65,144

Sacyr Vallehermoso S.A.*

    621      5,479

Shimizu Corp.

    11,000      45,887

Skanska AB, Class B

    7,396      134,387

Taisei Corp.

    14,000      30,848

Vinci S.A.

    7,270      428,462
         
        1,844,069
         

Electrical Equipment (0.5%)

      

ABB Ltd. (Registered)*

    38,514      841,215

Alstom S.A.

    3,283      204,726

Emerson Electric Co.

    12,300      619,182

First Solar, Inc.*

    800      98,120

Fuji Electric Holdings Co., Ltd.

    6,000      16,365

Furukawa Electric Co., Ltd.

    12,000      62,381

Gamesa Corp. Tecnologica S.A.

    3,483      47,749

GS Yuasa Corp.

    5,000      33,747

Legrand S.A.

    2,196      69,375

Mitsubishi Electric Corp.

    31,000      284,833

Panasonic Electric Works Co., Ltd.

   6,000      75,730

Prysmian S.p.A.

    1,449      28,476

Renewable Energy Corp. ASA*

    6,182      28,917

Rockwell Automation, Inc.

    2,400      135,264

Roper Industries, Inc.

    1,500      86,760

Schneider Electric S.A.

    3,913      458,957

Solarworld AG

    961      14,492

Sumitomo Electric Industries Ltd.

    13,500      165,483

Ushio, Inc.

    1,600      27,143

Vestas Wind Systems A/S*

    3,437      186,760
         
        3,485,675
         

Industrial Conglomerates (3.4%)

      

3M Co.

    11,700      977,769

CSR Ltd.

    18,853      28,632

Fraser and Neave Ltd.

    18,000      61,761

General Electric Co.

    389,110      7,081,802

Hankyu Hanshin Holdings, Inc.

    20,000      92,630

Hutchison Whampoa Ltd.

    36,000      263,361

Keppel Corp., Ltd.

    22,000      143,422

Koninklijke Philips Electronics N.V.

    116,785      3,744,644

NWS Holdings Ltd.

    15,000      29,945

Orkla ASA

    14,400      127,325

SembCorp Industries Ltd.

    18,000      53,140

Siemens AG (Registered)

    70,368      7,047,404

Smiths Group plc

    6,030      103,950

Textron, Inc.

    4,300      91,289

Tomkins plc

    12,055      43,173

Tyco International Ltd.

    126,580      4,841,685
         
        24,731,932
         

Machinery (0.9%)

      

Alfa Laval AB

    6,003    $ 88,375

Amada Co., Ltd.

    5,000      41,930

Atlas Copco AB, Class A

    10,537      163,441

Atlas Copco AB, Class B

    6,103      85,536

Caterpillar, Inc.

    10,200      641,070

Cosco Corp. (Singapore) Ltd.

    25,000      22,160

Cummins, Inc.

    3,300      204,435

Danaher Corp.

    4,300      343,613

Deere & Co.

    6,900      410,274

Dover Corp.

    3,200      149,600

Eaton Corp.

    2,700      204,579

Fanuc Ltd.

    3,100      328,934

Flowserve Corp.

    1,000      110,270

GEA Group AG

    2,353      54,536

Hino Motors Ltd.

    3,000      12,675

Hitachi Construction Machinery Co., Ltd.

    2,200      51,982

IHI Corp.

    20,000      36,581

Illinois Tool Works, Inc.

    6,300      298,368

Invensys plc

    11,647      60,216

Japan Steel Works Ltd.

    6,000      68,735

JTEKT Corp.

    3,600      42,512

Kawasaki Heavy Industries Ltd.

    28,000      77,270

Komatsu Ltd.

    15,600      327,051

Kone Oyj, Class B

    2,749      113,616

Kubota Corp.

    20,000      182,266

Kurita Water Industries Ltd.

    2,200      62,242

MAN SE

    1,950      163,241

Metso Oyj

    2,429      78,442

Minebea Co., Ltd.

    5,000      30,431

Mitsubishi Heavy Industries Ltd.

    54,000      223,532

Mitsui Engineering & Shipbuilding Co., Ltd.

    10,000      24,922

NGK Insulators Ltd.

    5,000      101,990

NSK Ltd.

    9,000      71,045

NTN Corp.

    7,000      31,597

PACCAR, Inc.

    6,000      260,040

Pall Corp.

    2,100      85,029

Parker Hannifin Corp.

    2,600      168,324

Sandvik AB

    16,028      200,333

Scania AB, Class B

    4,941      78,146

Schindler Holding AG

    1,342      117,577

SembCorp Marine Ltd.

    18,000      53,912

SKF AB, Class B

    7,189      127,739

SMC Corp.

    1,000      135,736

Snap-On, Inc.

    800      34,672

Sumitomo Heavy Industries Ltd.

    11,000      66,242

THK Co., Ltd.

    1,700      37,095

Vallourec S.A.

    1,007      203,064

Volvo AB, Class A*

    6,785      67,187

Volvo AB, Class B

    19,163      192,808

Wartsila Oyj

    1,465      74,201

Yangzijiang Shipbuilding Holdings Ltd.

    21,106      17,501

Zardoya Otis S.A.

    1,999      34,640
         
        6,861,713
         

Marine (0.1%)

      

A. P. Moller - Maersk A/S, Class A

    9      65,543

A. P. Moller - Maersk A/S, Class B

    22      167,640

Kawasaki Kisen Kaisha Ltd.*

    12,000      47,877

Kuehne & Nagel International AG (Registered)

    963      97,451

Mitsui O.S.K. Lines Ltd.

    18,000      129,190

Neptune Orient Lines Ltd.

    15,750      22,629

 

See Notes to Portfolio of Investments.

478

EQ ADVISORS TRUST

EQ/TEMPLETON GLOBAL EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

 

     Number of
Shares		    Value
(Note 1)

Nippon Yusen KK

    26,000    $ 102,621

Orient Overseas International Ltd.

    4,000      29,649
         
        662,600
         

Professional Services (0.9%)

      

Adecco S.A. (Registered)

    52,741      2,993,692

Bureau Veritas S.A.

    1,028      54,567

Capita Group plc

    11,432      131,238

Dun & Bradstreet Corp.

    900      66,978

Equifax, Inc.

    2,200      78,760

Experian plc

    18,542      182,472

Randstad Holding N.V.*

    56,242      2,672,767

Robert Half International, Inc.

    2,600      79,118

SGS S.A. (Registered)

    97      133,761
         
        6,393,353
         

Road & Rail (0.4%)

      

Asciano Group*

    49,000      85,208

Central Japan Railway Co.

    24      182,779

ComfortDelgro Corp., Ltd.

    25,000      27,878

CSX Corp.

    6,400      325,760

DSV A/S

    4,124      73,699

East Japan Railway Co.

    5,818      404,503

Firstgroup plc

    7,188      39,159

Keihin Electric Express Railway Co., Ltd.

    7,000      57,503

Keio Corp.

    10,000      67,494

Keisei Electric Railway Co., Ltd.

    3,000      18,259

Kintetsu Corp.

    30,000      93,379

MTR Corp.

    24,500      92,771

Nippon Express Co., Ltd.

    15,000      64,499

Norfolk Southern Corp.

    6,000      335,340

Odakyu Electric Railway Co., Ltd.

    12,000      99,861

Ryder System, Inc.

    1,000      38,760

Tobu Railway Co., Ltd.

    14,000      77,720

Tokyu Corp.

    20,000      83,645

Union Pacific Corp.

    8,300      608,390

West Japan Railway Co.

    32      110,215
         
        2,886,822
         

Trading Companies & Distributors (0.9%)

      

Bunzl plc

    4,759      52,069

Fastenal Co.

    2,200      105,578

ITOCHU Corp.

    24,000      210,247

Marubeni Corp.

    26,000      161,579

Mitsubishi Corp.

    21,500      563,429

Mitsui & Co., Ltd.

    28,700      482,273

Noble Group Ltd.

    30,000      65,621

Sojitz Corp.

    18,700      36,204

Sumitomo Corp.

    18,100      208,124

Toyota Tsusho Corp.

    3,600      56,451

W.W. Grainger, Inc.

    1,000      108,120

Wolseley plc*

    191,477      4,625,816
         
        6,675,511
         

Transportation Infrastructure (0.1%)

      

Abertis Infraestructuras S.A.

    5,290      101,815

Aeroports de Paris S.A.

    654      53,847

Atlantia S.p.A.

    4,789      111,772

Auckland International Airport Ltd.

    9,394      12,946

Brisa Auto-Estradas de Portugal S.A.

    4,185      35,498

Fraport AG

    498      26,222

Groupe Eurotunnel S.A.

    8,051      82,045

Hong Kong Aircraft Engineering Co., Ltd.

    800      10,103

Intoll Group

    30,538      31,386

Kamigumi Co., Ltd.

    3,000      24,131

Koninklijke Vopak N.V.*

    533      41,977

MAp Group

    12,945    $ 36,706

Mitsubishi Logistics Corp.

    1,000      12,429

Societe Des Autoroutes Paris-Rhin-Rhone*

    284      20,426

Transurban Group

    20,024      92,794
         
        694,097
         

Total Industrials

         86,516,162
         

Information Technology (14.8%)

      

Communications Equipment (1.8%)

      

Alcatel-Lucent*

    40,856      129,182

Cisco Systems, Inc.*

    280,880      7,311,306

Harris Corp.

    2,300      109,227

JDS Uniphase Corp.*

    3,300      41,349

Juniper Networks, Inc.*

    8,600      263,848

Motorola, Inc.*

    37,900      266,058

Nokia Oyj

    63,015      981,332

QUALCOMM, Inc.

    27,600      1,158,924

Telefonaktiebolaget LM Ericsson, Class B

    268,991      2,834,974

Tellabs, Inc.

    6,900      52,233
         
        13,148,433
         

Computers & Peripherals (2.0%)

      

Apple, Inc.*

    14,900      3,500,457

Dell, Inc.*

    121,040      1,816,810

EMC Corp.*

    33,400      602,536

Fujitsu Ltd.

    33,000      216,023

Hewlett-Packard Co.

    38,800      2,062,220

International Business Machines Corp.

    21,300      2,731,725

Lexmark International, Inc., Class A*

    1,400      50,512

Logitech International S.A. (Registered)*

    2,533      41,680

NEC Corp.

    44,000      132,250

NetApp, Inc.*

    5,500      179,080

QLogic Corp.*

    2,100      42,630

SanDisk Corp.*

    3,700      128,131

Seagate Technology*

    135,040      2,465,830

Seiko Epson Corp.

    2,500      38,828

Teradata Corp.*

    2,700      78,003

Toshiba Corp.*

    66,000      340,978

Western Digital Corp.*

    3,700      144,263
         
        14,571,956
         

Electronic Equipment, Instruments & Components (1.6%)

      

Agilent Technologies, Inc.*

    5,700      196,023

Amphenol Corp., Class A

    2,900      122,351

Citizen Holdings Co., Ltd.

    4,400      30,074

Corning, Inc.

    25,500      515,355

Flextronics International Ltd.*

    474,530      3,720,315

FLIR Systems, Inc.*

    2,600      73,320

Foxconn International Holdings Ltd.*

    34,284      36,164

Fujifilm Holdings Corp.

    55,800      1,921,874

Hirose Electric Co., Ltd.

    500      57,653

Hitachi High-Technologies Corp.

    800      18,355

Hitachi Ltd.*

    72,400      270,271

HOYA Corp.

    7,400      203,344

Ibiden Co., Ltd.

    2,400      82,661

Jabil Circuit, Inc.

    3,000      48,570

Keyence Corp.

    700      167,269

Kyocera Corp.

    2,600      253,353

Mabuchi Motor Co., Ltd.

    300      17,264

Mitsumi Electric Co., Ltd.

    900      19,696

Molex, Inc.

    2,000      41,720

Murata Manufacturing Co., Ltd.

    3,800      215,831

Nidec Corp.

    1,700      182,201

Nippon Electric Glass Co., Ltd.

    6,000      84,522

 

See Notes to Portfolio of Investments.

479

EQ ADVISORS TRUST

EQ/TEMPLETON GLOBAL EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

 

     Number of
Shares		    Value
(Note 1)

Omron Corp.

    3,500    $ 81,239

Shimadzu Corp.

    3,000      24,035

TDK Corp.

    2,100      139,716

Tyco Electronics Ltd.

    113,700      3,124,476

Yaskawa Electric Corp.

    3,000      27,436

Yokogawa Electric Corp.

    3,300      28,732
         
        11,703,820
         

Internet Software & Services (0.5%)

     

Akamai Technologies, Inc.*

    2,900      91,089

eBay, Inc.*

    18,400      495,880

Google, Inc., Class A*

    3,970      2,251,030

Monster Worldwide, Inc.*

    2,300      38,203

United Internet AG*

    1,718      26,058

VeriSign, Inc.*

    3,200      83,232

Yahoo! Japan Corp.

    218      79,398

Yahoo!, Inc.*

    19,400      320,682
         
        3,385,572
         

IT Services (1.7%)

      

Accenture plc, Class A

    221,990      9,312,480

Atos Origin S.A.*

    570      28,624

Automatic Data Processing, Inc.

    8,300      369,101

Cap Gemini S.A.

    2,327      114,624

Cognizant Technology Solutions Corp., Class A*

    4,800      244,704

Computer Sciences Corp.*

    2,400      130,776

Computershare Ltd.

    8,479      97,415

Fidelity National Information Services, Inc.

    5,300      124,232

Fiserv, Inc.*

    2,600      131,976

Indra Sistemas S.A.

    1,201      24,624

ITOCHU Techno-Solutions Corp.

    300      9,851

Mastercard, Inc., Class A

    1,569      398,526

Nomura Research Institute Ltd.

    1,800      41,010

NTT Data Corp.

    24      79,966

Obic Co., Ltd.

    70      12,714

Otsuka Corp.

    100      6,353

Paychex, Inc.

    5,300      162,710

SAIC, Inc.*

    4,700      83,190

Total System Services, Inc.

    2,900      45,414

Visa, Inc., Class A

    7,300      664,519

Western Union Co.

    11,600      196,736
         
        12,279,545
         

Office Electronics (0.4%)

      

Brother Industries Ltd.

    3,800      45,930

Canon, Inc.

    17,800      824,409

Konica Minolta Holdings, Inc.

    143,000      1,668,767

Neopost S.A.

    409      32,686

Ricoh Co., Ltd.

    12,000      187,400

Xerox Corp.

    22,300      217,425
         
        2,976,617
         

Semiconductors & Semiconductor Equipment (2.1%)

      

Advanced Micro Devices, Inc.*

    9,800      90,846

Advantest Corp.

    3,100      77,525

Altera Corp.

    4,600      111,826

Analog Devices, Inc.

    4,800      138,336

Applied Materials, Inc.

    21,400      288,472

ASM Pacific Technology Ltd.

    3,600      34,102

ASML Holding N.V.

    7,181      256,636

Broadcom Corp., Class A

    6,900      228,942

Elpida Memory, Inc.*

    3,100      61,045

Infineon Technologies AG*

    19,754      137,112

Intel Corp.

    90,600      2,016,756

KLA-Tencor Corp.

    2,800      86,576

Linear Technology Corp.

    3,700      104,636

LSI Corp.*

    10,300    $ 63,036

MEMC Electronic Materials, Inc.*

    3,800      58,254

Microchip Technology, Inc.

    3,000      84,480

Micron Technology, Inc.*

    14,000      145,460

National Semiconductor Corp.

    3,500      50,575

Novellus Systems, Inc.*

    1,700      42,500

NVIDIA Corp.*

    8,900      154,682

Rohm Co., Ltd.

    1,800      134,389

Samsung Electronics Co., Ltd. (GDR)§

    15,420      5,574,069

Shinko Electric Industries Co., Ltd.

    900      13,920

STMicroelectronics N.V.

    12,847      127,883

Sumco Corp.*

    2,400      51,034

Taiwan Semiconductor Manufacturing Co., Ltd. (ADR)

    347,503      3,645,307

Teradyne, Inc.*

    3,100      34,627

Texas Instruments, Inc.

    20,500      501,635

Tokyo Electron Ltd.

    2,700      179,057

Xilinx, Inc.

    4,500      114,750
         
        14,608,468
         

Software (4.7%)

      

Adobe Systems, Inc.*

    8,600      304,182

Autodesk, Inc.*

    3,900      114,738

Autonomy Corp. plc*

    3,987      110,297

BMC Software, Inc.*

    3,200      121,600

CA, Inc.

    6,500      152,555

Citrix Systems, Inc.*

    3,000      142,410

Compuware Corp.*

    3,500      29,400

Dassault Systemes S.A.

    1,305      77,193

Electronic Arts, Inc.*

    5,300      98,898

Intuit, Inc.*

    5,400      185,436

Konami Corp.

    1,400      27,000

McAfee, Inc.*

    2,600      104,338

Microsoft Corp.

    399,620      11,696,877

Nintendo Co., Ltd.

    7,600      2,544,443

Novell, Inc.*

    4,900      29,351

Oracle Corp.

    433,960      11,148,432

Oracle Corp. Japan

    500      23,184

Red Hat, Inc.*

    3,300      96,591

Sage Group plc

    20,510      74,417

Salesforce.com, Inc.*

    1,800      134,010

SAP AG

    126,575      6,130,573

Square Enix Holdings Co., Ltd.

    1,400      30,609

Symantec Corp.*

    13,300      225,036

Trend Micro, Inc.

    2,000      69,740
         
        33,671,310
         

Total Information Technology

         106,345,721
         

Materials (4.4%)

      

Chemicals (1.2%)

      

Air Liquide S.A.

    4,170      500,591

Air Products & Chemicals, Inc.

    3,500      258,825

Air Water, Inc.

    2,000      22,890

Airgas, Inc.

    1,400      89,068

Akzo Nobel N.V.

    4,118      234,688

Asahi Kasei Corp.

    23,000      123,746

BASF SE

    15,221      944,035

CF Industries Holdings, Inc.

    800      72,944

Daicel Chemical Industries Ltd.

    3,000      20,633

Denki Kagaku Kogyo KK

    10,000      42,999

Dow Chemical Co.

    18,800      555,916

E.I. du Pont de Nemours & Co.

    14,800      551,152

Eastman Chemical Co.

    1,300      82,784

Ecolab, Inc.

    3,800      167,010

FMC Corp.

    1,300      78,702

 

See Notes to Portfolio of Investments.

480

EQ ADVISORS TRUST

EQ/TEMPLETON GLOBAL EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

 

     Number of
Shares		    Value
(Note 1)

Givaudan S.A. (Registered)

    143    $ 125,450

Hitachi Chemical Co., Ltd.

    1,400      30,249

Incitec Pivot Ltd.

    27,917      88,895

International Flavors & Fragrances, Inc.

    1,200      57,204

Johnson Matthey plc

    3,334      88,336

JSR Corp.

    3,600      75,204

K+S AG

    3,027      183,693

Kaneka Corp.

    4,000      25,928

Kansai Paint Co., Ltd.

    3,000      24,452

Koninklijke DSM N.V.

    2,843      126,774

Kuraray Co., Ltd.

    6,500      87,464

Linde AG

    2,676      319,291

Mitsubishi Chemical Holdings Corp.

    22,500      115,039

Mitsubishi Gas Chemical Co., Inc.

    5,000      30,110

Mitsui Chemicals, Inc.

    14,000      42,379

Monsanto Co.

    8,900      635,638

Nissan Chemical Industries Ltd.

    2,000      27,982

Nitto Denko Corp.

    2,800      108,717

Novozymes A/S, Class B

    881      97,502

Nufarm Ltd.

    2,066      15,603

Orica Ltd.

    6,589      161,983

PPG Industries, Inc.

    2,700      176,580

Praxair, Inc.

    5,000      415,000

Shin-Etsu Chemical Co., Ltd.

    6,800      394,951

Showa Denko KK

    25,000      56,423

Sigma-Aldrich Corp.

    2,100      112,686

Solvay S.A.

    1,035      106,396

Sumitomo Chemical Co., Ltd.

    29,000      141,758

Syngenta AG (Registered)

    1,655      459,583

Taiyo Nippon Sanso Corp.

    5,000      48,882

Teijin Ltd.

    14,000      47,021

Tokuyama Corp.

    4,000      22,163

Toray Industries, Inc.

    24,000      140,165

Tosoh Corp.

    6,000      15,274

Ube Industries Ltd.

    15,000      38,507

Umicore S.A.

    2,237      78,118

Wacker Chemie AG

    286      42,646

Yara International ASA

    3,100      134,574
         
        8,644,603
         

Construction Materials (0.5%)

      

Boral Ltd.

    10,724      55,207

Cimpor Cimentos de Portugal SGPS S.A.

    3,348      25,300

CRH plc

    118,284      2,953,968

Fletcher Building Ltd.

    10,968      65,056

HeidelbergCement AG

    2,545      141,965

Holcim Ltd. (Registered)*

    4,282      319,201

Imerys S.A.

    770      47,466

Italcementi S.p.A.

    614      7,099

James Hardie Industries SE (CDI)*

   6,489      43,230

Lafarge S.A.

    3,321      233,695

Taiheiyo Cement Corp.*

    8,000      11,466

Titan Cement Co. S.A.

    710      18,796

Vulcan Materials Co.

    2,100      99,204
         
        4,021,653
         

Containers & Packaging (0.1%)

      

Amcor Ltd.

    21,108      123,773

Ball Corp.

    1,600      85,408

Bemis Co., Inc.

    1,500      43,080

Owens-Illinois, Inc.*

    2,900      103,066

Pactiv Corp.*

    2,300      57,914

Rexam plc

    12,895      57,315

Sealed Air Corp.

    2,400      50,592

Toyo Seikan Kaisha Ltd.

    2,800    $ 49,597
         
        570,745
         

Metals & Mining (2.3%)

      

Acerinox S.A.

    2,441      48,053

AK Steel Holding Corp.

    1,800      41,148

Alcoa, Inc.

    142,650      2,031,336

Allegheny Technologies, Inc.

    1,700      91,783

Alumina Ltd.

    38,429      60,831

Anglo American plc*

    22,290      972,133

Antofagasta plc

    7,435      117,339

ArcelorMittal S.A.

    14,094      618,482

BHP Billiton Ltd.

    56,929      2,277,181

BHP Billiton plc

    37,375      1,281,794

BlueScope Steel Ltd.*

    34,070      90,979

Cliffs Natural Resources, Inc.

    2,200      156,090

Daido Steel Co., Ltd.

    3,000      12,611

Dowa Holdings Co., Ltd.

    3,000      18,066

Eramet S.A.

    97      33,389

Eurasian Natural Resources Corp.

    4,443      80,368

Fortescue Metals Group Ltd.*

    22,421      100,816

Freeport-McMoRan Copper & Gold, Inc.

    7,100      593,134

Fresnillo plc

    2,979      38,335

Hitachi Metals Ltd.

    3,000      31,543

JFE Holdings, Inc.

    8,100      326,201

Kazakhmys plc*

    4,162      96,443

Kobe Steel Ltd.

    48,000      103,198

Lonmin plc*

    2,343      72,461

Mitsubishi Materials Corp.*

    22,000      63,301

Mitsui Mining & Smelting Co., Ltd.

    6,000      17,970

Newcrest Mining Ltd.

    8,563      257,894

Newmont Mining Corp.

    8,000      407,440

Nippon Steel Corp.

    86,000      337,597

Nisshin Steel Co., Ltd.

    6,000      12,515

Norsk Hydro ASA*

    12,961      98,791

Nucor Corp.

    5,100      231,438

OneSteel Ltd.

    25,241      90,333

Outokumpu Oyj

    2,430      53,334

OZ Minerals Ltd.*

    48,705      51,175

Randgold Resources Ltd.

    1,617      123,058

Rautaruukki Oyj

    1,749      37,796

Rio Tinto Ltd.

    7,379      530,873

Rio Tinto plc

    23,151      1,371,891

Salzgitter AG

    787      73,057

Sims Metal Management Ltd.

    2,306      45,835

SSAB AB, Class A

    3,674      66,045

SSAB AB, Class B

    1,570      25,483

Sumitomo Metal Industries Ltd.

    61,000      184,651

Sumitomo Metal Mining Co., Ltd.

    8,000      119,029

ThyssenKrupp AG

    5,886      202,365

Titanium Metals Corp.*

    1,000      16,590

Tokyo Steel Manufacturing Co., Ltd.

    700      8,768

United States Steel Corp.

    2,300      146,096

Vale S.A. (ADR)

    65,060      1,806,065

Vedanta Resources plc

    2,327      98,027

Voestalpine AG

    2,261      91,462

Xstrata plc*

    32,150      609,113

Yamato Kogyo Co., Ltd.

    500      16,606
         
        16,488,312
         

Paper & Forest Products (0.3%)

      

Holmen AB, Class B

    721      19,421

International Paper Co.

    7,300      179,653

MeadWestvaco Corp.

    2,600      66,430

Nippon Paper Group, Inc.

    1,800      46,304

 

See Notes to Portfolio of Investments.

481

EQ ADVISORS TRUST

EQ/TEMPLETON GLOBAL EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

 

     Number of
Shares		    Value
(Note 1)

OJI Paper Co., Ltd.

    16,000    $ 70,168

Stora Enso Oyj*

    11,260      85,775

Svenska Cellulosa AB, Class B

    87,496      1,233,567

UPM-Kymmene Oyj

    9,295      123,346

Weyerhaeuser Co.

    3,600      162,972
         
        1,987,636
         

Total Materials

         31,712,949
         

Telecommunication Services (5.7%)

      

Diversified Telecommunication Services (3.9%)

     

AT&T, Inc.

    143,520      3,708,557

Belgacom S.A.

    2,715      106,050

BT Group plc, Class A

    132,152      248,470

Cable & Wireless Worldwide plc*

    48,138      67,205

CenturyTel, Inc.

    4,814      170,704

China Telecom Corp., Ltd. (ADR)

    14,900      729,951

Deutsche Telekom AG (Registered)

    46,669      632,541

Elisa Oyj*

    1,923      39,661

France Telecom S.A.

    214,497      5,132,219

Frontier Communications Corp.

    4,400      32,736

Hellenic Telecommunications Organization S.A.

    4,600      57,097

Iliad S.A.

    256      26,399

Inmarsat plc

    6,779      77,771

Koninklijke (Royal) KPN N.V.

    28,444      450,642

Nippon Telegraph & Telephone Corp.

    8,661      365,005

PCCW Ltd.

    84,000      24,991

Portugal Telecom SGPS S.A. (Registered)

    11,035      123,379

Qwest Communications International, Inc.

    24,500      127,890

Singapore Telecommunications Ltd.

    2,085,000      4,724,579

Swisscom AG (Registered)

    422      154,008

Tele2 AB, Class B

    5,267      87,898

Telecom Corp. of New Zealand Ltd.

    38,653      59,582

Telecom Italia S.p.A.

    164,039      236,182

Telecom Italia S.p.A. (RNC)

    99,713      112,456

Telefonica S.A.

    206,147      4,883,705

Telekom Austria AG

    164,843      2,304,378

Telenor ASA*

    121,430      1,646,799

TeliaSonera AB*

    35,832      254,327

Telstra Corp., Ltd.

    67,094      184,091

Verizon Communications, Inc.

    46,500      1,442,430

Windstream Corp.

    7,600      82,764
         
        28,294,467
         

Wireless Telecommunication Services (1.8%)

     

American Tower Corp., Class A*

    6,600      281,226

KDDI Corp.

    47      243,320

MetroPCS Communications, Inc.*

    4,400      31,152

Millicom International Cellular S.A. (SDR)

    1,258      112,549

Mobistar S.A.

    562      34,587

NTT DoCoMo, Inc.

    260      396,021

Softbank Corp.

    12,400      305,457

Sprint Nextel Corp.*

    560,010      2,128,038

StarHub Ltd.

    14,054      23,006

Turkcell Iletisim Hizmet A/S (ADR)

    103,680      1,561,421

Vodafone Group plc

    3,299,270      7,610,096
         
        12,726,873
         

Total Telecommunication Services

         41,021,340
         

Utilities (2.2%)

      

Electric Utilities (1.2%)

      

Acciona S.A.

    526      58,334

Allegheny Energy, Inc.

    2,900      66,700

American Electric Power Co., Inc.

    7,700    $ 263,186

BKW FMB Energie AG

    90      6,688

Cheung Kong Infrastructure Holdings Ltd.

    6,000      23,222

Chubu Electric Power Co., Inc.

    10,800      269,971

Chugoku Electric Power Co., Inc.

    4,500      89,432

CLP Holdings Ltd.

    36,500      260,907

Contact Energy Ltd.*

    2,907      13,216

Duke Energy Corp.

    21,200      345,984

E.ON AG

    31,537      1,164,347

EDF S.A.

    3,925      214,173

Edison International

    5,500      187,935

EDP - Energias de Portugal S.A.

    29,609      117,695

Enel S.p.A.

    108,779      608,258

Entergy Corp.

    3,200      260,320

Exelon Corp.

    10,800      473,148

FirstEnergy Corp.

    5,200      203,268

Fortum Oyj

    7,886      192,894

FPL Group, Inc.

    6,800      328,644

Hokkaido Electric Power Co., Inc.

    3,200      61,405

Hokuriku Electric Power Co.

    2,900      63,776

HongKong Electric Holdings Ltd.

    26,000      154,207

Iberdrola S.A.

    61,336      519,843

Kansai Electric Power Co., Inc.

    12,500      286,394

Kyushu Electric Power Co., Inc.

    6,900      150,192

Northeast Utilities

    3,000      82,920

Pepco Holdings, Inc.

    3,800      65,170

Pinnacle West Capital Corp.

    1,800      67,914

PPL Corp.

    6,100      169,031

Progress Energy, Inc.

    4,700      184,992

Public Power Corp. S.A.*

    2,225      39,068

Red Electrica Corporacion S.A.

    2,076      111,415

Scottish & Southern Energy plc

    16,231      271,182

Shikoku Electric Power Co., Inc.

    2,900      82,170

Southern Co.

    13,200      437,712

SP AusNet

    9,940      8,255

Terna Rete Elettrica Nazionale S.p.A.

    22,913      99,109

Tohoku Electric Power Co., Inc.

    7,600      160,633

Tokyo Electric Power Co., Inc.

    20,200      538,436

Verbund - Oesterreichische Elektrizitaetswirtschafts AG, Class A

    1,263      50,136
         
        8,752,282
         

Gas Utilities (0.2%)

      

Enagas S.A.

    2,742      60,089

EQT Corp.

    2,000      82,000

Gas Natural SDG S.A.

    4,123      76,125

Hong Kong & China Gas Co., Ltd.

    72,000      179,531

Nicor, Inc.

    800      33,536

ONEOK, Inc.

    1,700      77,605

Osaka Gas Co., Ltd.

    34,000      121,831

Questar Corp.

    2,700      116,640

Snam Rete Gas S.p.A.

    26,458      134,097

Toho Gas Co., Ltd.

    7,000      38,186

Tokyo Gas Co., Ltd.

    41,000      180,682
         
        1,100,322
         

Independent Power Producers & Energy Traders (0.1%)

      

AES Corp.*

    11,100      122,100

Constellation Energy Group, Inc.

    3,100      108,841

Drax Group plc

    5,284      29,957

EDP Renovaveis S.A.*

    2,988      23,347

Electric Power Development Co., Ltd.

    2,200      72,478

Iberdrola Renovables S.A.

    16,930      70,315

International Power plc

    25,948      125,570

 

See Notes to Portfolio of Investments.

482

EQ ADVISORS TRUST

EQ/TEMPLETON GLOBAL EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

 

     Number of
Shares		    Value
(Note 1)

NRG Energy, Inc.*

      2,085    $ 43,577
         
        596,185
         

Multi-Utilities (0.7%)

      

A2A S.p.A.

      20,253      37,996

AGL Energy Ltd.

      7,787      107,400

Ameren Corp.

      4,000      104,320

CenterPoint Energy, Inc.

      6,000      86,160

Centrica plc

      87,367      389,651

CMS Energy Corp.

      4,000      61,840

Consolidated Edison, Inc.

      4,700      209,338

Dominion Resources, Inc.

      9,700      398,767

DTE Energy Co.

      2,600      115,960

GDF Suez S.A.

      20,520      792,659

Integrys Energy Group, Inc.

      1,100      52,118

National Grid plc

      41,949      408,364

NiSource, Inc.

      4,800      75,840

PG&E Corp.

      6,100      258,762

Public Service Enterprise Group, Inc.

      8,300      245,016

RWE AG

      7,011      621,193

RWE AG (Non-Voting)(Preference)

      570      46,877

SCANA Corp.

      2,100      78,939

Sempra Energy

      4,100      204,590

Suez Environnement Co. S.A.

      4,777      109,943

TECO Energy, Inc.

      3,100      49,259

United Utilities Group plc

      11,614      98,519

Veolia Environnement

      6,930      240,365

Wisconsin Energy Corp.

      2,000      98,820

Xcel Energy, Inc.

      7,700      163,240
         
        5,055,936
         

Water Utilities (0.0%)

      

Severn Trent plc

      3,713      67,332
         

Total Utilities

         15,572,057
         

Total Common Stocks (97.6%)
(Cost $666,506,160)

         701,000,791
         
     Number of
Rights		    Value
(Note 1)

RIGHTS:

      

Consumer Discretionary (0.0%)

      

Automobiles (0.0%)

      

Volkswagen AG, expiring 4/13/10*
(Cost $—)

      2,410      1,497
         
     Principal
Amount		    Value
(Note 1)

SHORT-TERM INVESTMENTS:

      

Time Deposits (1.3%)

      

Bank of Montreal

      

0.05%, 4/1/10

    $ 7,870,000      7,870,000

JPMorgan Chase Nassau

      

0.000%, 4/1/10

      1,768,905      1,768,905
         

Total Time Deposits

         9,638,905
         

Total Short-Term Investments (1.3%)

(Amortized Cost $9,638,905)

         9,638,905
         

Total Investments (98.9%)
(Cost/Amortized Cost $676,145,065)

         710,641,193

Other Assets Less Liabilities (1.1%)

         7,673,836
         

Net Assets (100%)

       $ 718,315,029
         

 

* Non-income producing.

 

† Securities (totaling $426,883 or 0.1% of net assets) at fair value by management.

 

§ Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may only be resold to qualified institutional buyers. At March 31, 2010, the market value of these securities amounted to $6,540,701 or 0.9% of net assets. Securities denoted with “§” but without “b” have been determined to be liquid under the guidelines established by the Board of Trustees. To the extent any securities might provide a right to demand registration, such rights have not been relied upon when determining liquidity.

 

(b) Illiquid Security.

Glossary:

ADR — American Depositary Receipt

CDI — Chess Depositary Interest

CVA — Dutch Certification

FDR — Finnish Depositary Receipt

GDR — Global Depositary Receipt

PPS — Price Protected Share

RNC — Risparmio Non-Convertible Savings Shares

SDR — Swedish Certification

 

See Notes to Portfolio of Investments.

483

EQ ADVISORS TRUST

EQ/TEMPLETON GLOBAL EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

At March 31, 2010, the Portfolio had the following futures contracts open: (Note 1)

 

      Number of
Contracts		    Expiration
Date		    Original
Value		    Value at
3/31/2010		    Unrealized
Appreciation/
(Depreciation)

Purchases

               

Dow Jones EURO Stoxx 50 Index

    35    June-10    $ 1,338,106    $ 1,347,746    $ 9,640

E-Mini MSCI EAFE Index

    20    June-10      1,556,083      1,573,800      17,717

FTSE 100 Index

    12    June-10      1,013,628      1,021,672      8,044

OMXS 30 Index

    14    April-10      196,434      197,283      849

S&P 500 Index

    5    June-10      1,446,144      1,456,500      10,356

SPI 200 Index

    4    June-10      442,972      447,722      4,750

TOPIX Index

    13    June-10      1,279,201      1,359,236      80,035
                  
               $ 131,391
                  

The following is a summary of the inputs used to value the Portfolio’s assets and liabilities carried at fair value as of March 31, 2010:

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, money market securities are valued using amortized cost, in accordance with rules under the Investment Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active market, such securities are reflected as Level 2.

Various inputs are used in determining the value of the Portfolio’s investments. These inputs are summarized in the three broad levels listed below:

 

Investment Type

    Level 1
Quoted prices in active
markets for identical
securities		    Level 2
Significant other
observable inputs
(including quoted  prices
for similar securities,
interest rates,
prepayment speeds,
credit risk, etc.)		    Level 3
Significant unobservable
inputs (including the
Portfolio’s own
assumptions in
determining the fair
value of investments)		    Total

Assets:

            

Common Stocks

            

Consumer Discretionary

    $ 50,183,042    $ 48,664,439    $ 39,991    $ 98,887,472

Consumer Staples

      21,914,690      24,439,774      —        46,354,464

Energy

      25,880,954      36,743,127      192,999      62,817,080

Financials

      43,611,012      70,005,616      193,893      113,810,521

Health Care

      57,111,981      40,851,044      —        97,963,025

Industrials

      38,830,432      47,685,730      —        86,516,162

Information Technology

      78,754,727      27,590,994      —        106,345,721

Materials

      9,622,948      22,090,001      —        31,712,949

Telecommunication Services

      10,296,869      30,724,471      —        41,021,340

Utilities

      5,924,192      9,647,865      —        15,572,057

Futures

      131,391      —        —        131,391

Rights

            

Consumer Discretionary

      —        1,497      —        1,497

Short-Term Investments

      —        9,638,905      —        9,638,905
                           

Total Assets

    $ 342,262,238    $ 368,083,463    $ 426,883    $ 710,772,584
                           

Total Liabilities

    $ —      $ —      $ —      $ —  
                           

Total

    $ 342,262,238    $ 368,083,463    $ 426,883    $ 710,772,584
                           

 

See Notes to Portfolio of Investments.

484

EQ ADVISORS TRUST

EQ/TEMPLETON GLOBAL EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:

 

     Investments in Securities-
Consumer Discretionary		    Investments in
Securities-Energy		  

Balance as of 12/31/09

    $ —      $ —     

Total gains or losses (realized/unrealized) included in earnings

      6,489      15,873   

Purchases, sales, issuances, and settlements (net)

      8,953      —     

Transfers into Level 3

      24,549      177,126   

Transfers out of Level 3

      —        —     
               

Balance as of 3/31/10

    $ 39,991    $ 192,999   
               

The amount of total gains or losses for the year included in earnings attributable to the change in unrealized gains or losses relating to assets and liabilities still held at period ending 3/31/10.

    $ 6,489    $ 15,873   
     Investments in
Securities-Financials		    Investments in
Securities-Industrials		  

Balance as of 12/31/09

    $ —      $ 3,251   

Total gains or losses (realized/unrealized) included in earnings

      18,543      (31 ) 

Purchases, sales, issuances, and settlements (net)

      —        (3,220 ) 

Transfers into Level 3

      175,350      —     

Transfers out of Level 3

      —        —     
               

Balance as of 3/31/10

    $ 193,893    $ —     
               

The amount of total gains or losses for the year included in earnings attributable to the change in unrealized gains or losses relating to assets and liabilities still held at period ending 3/31/10.

    $ 18,543    $ —     

Investment security transactions for the three months ended March 31, 2010 were as follows:

 

Cost of Purchases:

   

Stocks and long-term corporate debt securities

    $ 11,432,633

Net Proceeds of Sales and Redemptions:

   

Stocks and long-term corporate debt securities

    $ 23,265,460

As of March 31, 2010, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investments for Federal income tax purposes was as follows:

 

Aggregate gross unrealized appreciation

    $ 107,309,613   

Aggregate gross unrealized depreciation

      (78,663,007 ) 
        

Net unrealized appreciation

    $ 28,646,606   
        

Federal income tax cost of investments

    $ 681,994,587   
        

The Portfolio has a net capital loss carryforward of $191,371,416 of which $27,529,602 expires in 2016, and $163,841,814 expires in 2017.

 

See Notes to Portfolio of Investments.

485

EQ ADVISORS TRUST

EQ/UBS GROWTH AND INCOME PORTFOLIO

PORTFOLIO OF INVESTMENTS

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

COMMON STOCKS:

      

Consumer Discretionary (14.1%)

      

Auto Components (1.1%)

      

BorgWarner, Inc.*

    44,100    $ 1,683,738
         

Diversified Consumer Services (1.1%)

      

Apollo Group, Inc., Class A*

    17,300      1,060,317

H&R Block, Inc.

    31,100      553,580
         
        1,613,897
         

Hotels, Restaurants & Leisure (1.6%)

     

Carnival Corp.

    60,800      2,363,904
         

Household Durables (1.9%)

      

Fortune Brands, Inc.

    60,900      2,954,259
         

Media (7.0%)

      

Comcast Corp., Class A

    194,000      3,651,080

Interpublic Group of Cos., Inc.*

    193,100      1,606,592

Omnicom Group, Inc.

    43,800      1,699,878

Time Warner, Inc.

    55,700      1,741,739

Viacom, Inc., Class B*

    57,300      1,969,974
         
        10,669,263
         

Specialty Retail (1.4%)

      

Lowe’s Cos., Inc.

    85,900      2,082,216
         

Total Consumer Discretionary

         21,367,277
         

Consumer Staples (6.4%)

      

Beverages (2.0%)

      

PepsiCo, Inc.

    47,200      3,122,752
         

Food & Staples Retailing (1.0%)

      

Kroger Co.

    70,100      1,518,366
         

Household Products (1.9%)

      

Procter & Gamble Co.

    45,400      2,872,458
         

Personal Products (1.5%)

      

Avon Products, Inc.

    66,300      2,245,581
         

Total Consumer Staples

         9,759,157
         

Energy (12.1%)

      

Energy Equipment & Services (2.2%)

     

Baker Hughes, Inc.

    48,400      2,267,056

Noble Corp.*

    26,300      1,099,866
         
        3,366,922
         

Oil, Gas & Consumable Fuels (9.9%)

     

Chevron Corp.

    40,200      3,048,366

EOG Resources, Inc.

    12,000      1,115,280

Exxon Mobil Corp.

    62,400      4,179,552

Hess Corp.

    29,500      1,845,225

Marathon Oil Corp.

    51,300      1,623,132

Peabody Energy Corp.

    26,900      1,229,330

Ultra Petroleum Corp.*

    42,000      1,958,460
         
        14,999,345
         

Total Energy

         18,366,267
         

Financials (13.4%)

      

Capital Markets (1.3%)

      

Bank of New York Mellon Corp.

    62,800      1,939,264
         

Commercial Banks (2.6%)

      

Wells Fargo & Co.

    128,800    $ 4,008,256
         

Diversified Financial Services (5.5%)

      

Bank of America Corp.

    214,400      3,827,040

JPMorgan Chase & Co.

    102,700      4,595,825
         
        8,422,865
         

Insurance (4.0%)

      

ACE Ltd.

    23,800      1,244,740

Aflac, Inc.

    46,800      2,540,772

Principal Financial Group, Inc.

    77,900      2,275,459
         
        6,060,971
         

Total Financials

         20,431,356
         

Health Care (15.0%)

      

Biotechnology (1.9%)

      

Amgen, Inc.*

    29,300      1,750,968

Genzyme Corp.*

    20,800      1,078,064
         
        2,829,032
         

Health Care Equipment & Supplies (4.7%)

      

Boston Scientific Corp.*

    106,400      768,208

Covidien plc

    75,100      3,776,028

Medtronic, Inc.

    57,100      2,571,213
         
        7,115,449
         

Health Care Providers & Services (1.1%)

      

UnitedHealth Group, Inc.*

    52,900      1,728,243
         

Pharmaceuticals (7.3%)

      

Allergan, Inc.

    36,600      2,390,712

Johnson & Johnson

    45,900      2,992,680

Merck & Co., Inc.

    61,600      2,300,760

Pfizer, Inc.

    196,800      3,375,120
         
        11,059,272
         

Total Health Care

         22,731,996
         

Industrials (11.8%)

      

Aerospace & Defense (3.3%)

      

General Dynamics Corp.

    45,200      3,489,440

Raytheon Co.

    27,400      1,565,088
         
        5,054,528
         

Air Freight & Logistics (2.0%)

      

FedEx Corp.

    32,600      3,044,840
         

Airlines (1.0%)

      

Southwest Airlines Co.

    111,500      1,474,030
         

Machinery (4.7%)

      

Illinois Tool Works, Inc.

    57,200      2,708,992

PACCAR, Inc.

    64,050      2,775,927

Pall Corp.

    40,200      1,627,698
         
        7,112,617
         

Road & Rail (0.8%)

      

Ryder System, Inc.

    30,100      1,166,676
         

Total Industrials

         17,852,691
         

Information Technology (16.6%)

      

Communications Equipment (0.9%)

      

QUALCOMM, Inc.

    31,700      1,331,083
         

Computers & Peripherals (5.4%)

      

Apple, Inc.*

    16,200      3,805,866

Hewlett-Packard Co.

    59,700      3,173,055

 

See Notes to Portfolio of Investments.

486

EQ ADVISORS TRUST

EQ/UBS GROWTH AND INCOME PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

 

     Number of
Shares		    Value
(Note 1)		  

Seagate Technology*

      71,800    $ 1,311,068   
           
        8,289,989   
           

Semiconductors & Semiconductor Equipment (3.6%)

      

Applied Materials, Inc.

      71,600      965,168   

Broadcom Corp., Class A

      54,000      1,791,720   

Intersil Corp., Class A

      46,300      683,388   

Marvell Technology Group Ltd.*

      66,900      1,363,422   

National Semiconductor Corp.

      43,000      621,350   
           
        5,425,048   
           

Software (6.7%)

      

Autodesk, Inc.*

      68,400      2,012,328   

Intuit, Inc.*

      31,100      1,067,974   

Microsoft Corp.

      166,900      4,885,163   

VMware, Inc., Class A*

      42,300      2,254,590   
           
        10,220,055   
           

Total Information Technology

         25,266,175   
           

Materials (2.1%)

      

Chemicals (1.0%)

      

Monsanto Co.

      20,800      1,485,536   
           

Containers & Packaging (1.1%)

      

Ball Corp.

      32,900      1,756,202   
           

Total Materials

         3,241,738   
           

Telecommunication Services (2.0%)

      

Diversified Telecommunication Services (2.0%)

     

AT&T, Inc.

      116,000      2,997,440   
           

Total Telecommunication Services

         2,997,440   
           

Utilities (5.1%)

      

Electric Utilities (4.9%)

      

American Electric Power Co., Inc.

      76,200      2,604,516   

Exelon Corp.

      63,900      2,799,459   

FirstEnergy Corp.

      41,100      1,606,599   

Pepco Holdings, Inc.

      28,500      488,775   
           
        7,499,349   
           

Independent Power Producers & Energy Traders (0.2%)

      

Dynegy, Inc., Class A*

      167,900      211,554   
           

Total Utilities

         7,710,903   
           

Total Common Stocks (98.6%)
(Cost $136,182,507)

         149,725,000   
           
     Principal
Amount		    Value
(Note 1)		  

SHORT-TERM INVESTMENT:

      

Time Deposit (1.7%)

      

JPMorgan Chase Nassau

      

0.000%, 4/1/10

      

(Amortized Cost $2,583,298)

    $ 2,583,298      2,583,298   
           

Total Investments (100.3%)
(Cost/Amortized Cost $138,765,805)

         152,308,298   

Other Assets Less Liabilities (-0.3%)

         (440,227 ) 
           

Net Assets (100%)

       $ 151,868,071   
           

 

* Non-income producing.

 

See Notes to Portfolio of Investments.

487

EQ ADVISORS TRUST

EQ/UBS GROWTH AND INCOME PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

The following is a summary of the inputs used to value the Portfolio’s assets and liabilities carried at fair value as of March 31, 2010:

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, money market securities are valued using amortized cost, in accordance with rules under the Investment Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active market, such securities are reflected as Level 2.

Various inputs are used in determining the value of the Portfolio’s investments. These inputs are summarized in the three broad levels listed below:

 

Investment Type

    Level 1
Quoted prices in active
markets for identical
securities		    Level 2
Significant other
observable  inputs
(including quoted prices
for similar securities,
interest rates,
prepayment speeds,
credit risk, etc.)		    Level 3
Significant unobservable
inputs (including the
Portfolio’s own
assumptions in
determining the fair
value of investments)		    Total

Assets:

            

Common Stocks

            

Consumer Discretionary

    $ 21,367,277    $ —      $ —      $ 21,367,277

Consumer Staples

      9,759,157      —        —        9,759,157

Energy

      18,366,267      —        —        18,366,267

Financials

      20,431,356      —        —        20,431,356

Health Care

      22,731,996      —        —        22,731,996

Industrials

      17,852,691      —        —        17,852,691

Information Technology

      25,266,175      —        —        25,266,175

Materials

      3,241,738      —        —        3,241,738

Telecommunication Services

      2,997,440      —        —        2,997,440

Utilities

      7,710,903      —        —        7,710,903

Short-Term Investments

      —        2,583,298      —        2,583,298
                           

Total Assets

    $ 149,725,000    $ 2,583,298    $ —      $ 152,308,298
                           

Total Liabilities

    $ —      $ —      $ —      $ —  
                           

Total

    $ 149,725,000    $ 2,583,298    $ —      $ 152,308,298
                           

Investment security transactions for the three months ended March 31, 2010 were as follows:

 

Cost of Purchases:

   

Stocks and long-term corporate debt securities

    $ 24,973,857

Net Proceeds of Sales and Redemptions:

   

Stocks and long-term corporate debt securities

    $ 23,364,914

As of March 31, 2010, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investments for Federal income tax purposes was as follows:

 

Aggregate gross unrealized appreciation

    $ 19,309,390   

Aggregate gross unrealized depreciation

      (6,769,883 ) 
        

Net unrealized appreciation

    $ 12,539,507   
        

Federal income tax cost of investments

    $ 139,768,791   
        

The Portfolio has a net capital loss carryforward of $42,401,238 of which $5,281,513 expires in the year 2011, $1,730,958 expires in the year 2016 and $35,388,767 expires in the year 2017.

 

See Notes to Portfolio of Investments.

488

EQ ADVISORS TRUST

EQ/VAN KAMPEN COMSTOCK PORTFOLIO

PORTFOLIO OF INVESTMENTS

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

COMMON STOCKS:

      

Consumer Discretionary (17.5%)

      

Media (13.8%)

      

Comcast Corp., Class A

    593,502    $ 11,169,708

DIRECTV, Class A*

    87,034      2,942,619

News Corp., Class B

    246,000      4,184,460

Time Warner Cable, Inc.

    65,187      3,475,119

Time Warner, Inc.

    120,033      3,753,432

Viacom, Inc., Class B*

    292,428      10,053,675
         
        35,579,013
         

Multiline Retail (1.6%)

      

J.C. Penney Co., Inc.

    59,900      1,926,983

Macy’s, Inc.

    61,271      1,333,869

Target Corp.

    17,300      909,980
         
        4,170,832
         

Specialty Retail (2.1%)

      

Home Depot, Inc.

    90,200      2,917,970

Lowe’s Cos., Inc.

    101,700      2,465,208
         
        5,383,178
         

Total Consumer Discretionary

         45,133,023
         

Consumer Staples (11.0%)

      

Beverages (1.4%)

      

Coca-Cola Co.

    48,900      2,689,500

PepsiCo, Inc.

    12,100      800,536
         
        3,490,036
         

Food & Staples Retailing (3.5%)

      

CVS Caremark Corp.

    89,900      3,286,744

Wal-Mart Stores, Inc.

    103,300      5,743,480
         
        9,030,224
         

Food Products (3.8%)

      

Kraft Foods, Inc., Class A

    181,336      5,483,601

Unilever N.V. (N.Y. Shares)

    145,900      4,400,344
         
        9,883,945
         

Household Products (0.4%)

      

Procter & Gamble Co.

    17,700      1,119,879
         

Tobacco (1.9%)

      

Altria Group, Inc.

    106,300      2,181,276

Philip Morris International, Inc.

    54,700      2,853,152
         
        5,034,428
         

Total Consumer Staples

         28,558,512
         

Energy (7.2%)

      

Energy Equipment & Services (1.6%)

      

Halliburton Co.

    138,000      4,157,940
         

Oil, Gas & Consumable Fuels (5.6%)

     

BP plc (ADR)

    33,100      1,889,017

Chevron Corp.

    60,800      4,610,464

ConocoPhillips

    68,900      3,525,613

Royal Dutch Shell plc (ADR), Class A

    43,800      2,534,268

Total S.A. (ADR)

    33,600      1,949,472
         
        14,508,834
         

Total Energy

         18,666,774
         

Financials (24.7%)

      

Capital Markets (3.4%)

      

Bank of New York Mellon Corp.

    178,087      5,499,327

Goldman Sachs Group, Inc.

    13,300      2,269,379

State Street Corp.

    23,100    $ 1,042,734
         
        8,811,440
         

Commercial Banks (3.2%)

      

PNC Financial Services Group, Inc.

    56,700      3,384,990

U.S. Bancorp

    73,900      1,912,532

Wells Fargo & Co.

    96,300      2,996,856
         
        8,294,378
         

Diversified Financial Services (6.6%)

      

Bank of America Corp.

    370,630      6,615,745

Citigroup, Inc.*

    597,900      2,421,495

JPMorgan Chase & Co.

    183,000      8,189,250
         
        17,226,490
         

Insurance (11.5%)

      

Aflac, Inc.

    25,600      1,389,824

Berkshire Hathaway, Inc., Class B*

    34,000      2,763,180

Chubb Corp.

    259,480      13,454,038

MetLife, Inc.

    86,600      3,753,244

Primerica, Inc.*

    1,800      27,000

Torchmark Corp.

    42,800      2,290,228

Travelers Cos., Inc.

    111,000      5,987,340
         
        29,664,854
         

Total Financials

         63,997,162
         

Health Care (13.6%)

      

Health Care Equipment & Supplies (0.4%)

      

Boston Scientific Corp.*

    129,600      935,712
         

Health Care Providers & Services (3.4%)

      

Cardinal Health, Inc.

    129,300      4,658,679

UnitedHealth Group, Inc.*

    63,600      2,077,812

WellPoint, Inc.*

    31,400      2,021,532
         
        8,758,023
         

Pharmaceuticals (9.8%)

      

Abbott Laboratories, Inc.

    35,000      1,843,800

Bristol-Myers Squibb Co.

    226,264      6,041,249

Eli Lilly and Co.

    79,300      2,872,246

GlaxoSmithKline plc (ADR)

    32,600      1,255,752

Merck & Co., Inc.

    130,391      4,870,104

Pfizer, Inc.

    387,625      6,647,768

Roche Holding AG (ADR)

    46,500      1,884,180
         
        25,415,099
         

Total Health Care

         35,108,834
         

Industrials (3.9%)

      

Aerospace & Defense (0.8%)

      

Honeywell International, Inc.

    46,400      2,100,528
         

Electrical Equipment (0.7%)

      

Emerson Electric Co.

    35,300      1,777,002
         

Industrial Conglomerates (1.5%)

      

General Electric Co.

    206,700      3,761,940
         

Machinery (0.9%)

      

Ingersoll-Rand plc

    68,300      2,381,621
         

Total Industrials

         10,021,091
         

 

See Notes to Portfolio of Investments.

489

EQ ADVISORS TRUST

EQ/VAN KAMPEN COMSTOCK PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

 

     Number of
Shares		    Value
(Note 1)

Information Technology (10.5%)

      

Communications Equipment (1.1%)

      

Cisco Systems, Inc.*

      109,500    $ 2,850,285
         

Computers & Peripherals (2.0%)

      

Dell, Inc.*

      156,761      2,352,983

Hewlett-Packard Co.

      53,100      2,822,265
         
        5,175,248
         

Internet Software & Services (4.3%)

      

eBay, Inc.*

      278,200      7,497,490

Yahoo!, Inc.*

      211,300      3,492,789
         
        10,990,279
         

IT Services (0.8%)

      

Accenture plc, Class A

      33,600      1,409,520

Western Union Co.

      38,300      649,568
         
        2,059,088
         

Semiconductors & Semiconductor Equipment (2.0%)

      

Intel Corp.

      173,600      3,864,336

KLA-Tencor Corp.

      45,100      1,394,492
         
        5,258,828
         

Software (0.3%)

      

Microsoft Corp.

      30,700      898,589
         

Total Information Technology

         27,232,317
         

Materials (4.0%)

      

Chemicals (0.7%)

      

E.I. du Pont de Nemours & Co.

      46,259      1,722,685
         

Metals & Mining (0.8%)

      

Alcoa, Inc.

      145,700      2,074,768
         

Paper & Forest Products (2.5%)

      

International Paper Co.

      260,877      6,420,183
         

Total Materials

         10,217,636
         

Telecommunication Services (4.0%)

      

Diversified Telecommunication Services (3.2%)

     

AT&T, Inc.

      128,900      3,330,776

Verizon Communications, Inc.

      159,100      4,935,282
         
        8,266,058
         

Wireless Telecommunication Services (0.8%)

     

Vodafone Group plc (ADR)

      88,300      2,056,507
         

Total Telecommunication Services

         10,322,565
         

Utilities (0.3%)

      

Multi-Utilities (0.3%)

      

Sempra Energy

      15,700      783,430
         

Total Utilities

         783,430
         

Total Common Stocks (96.7%)
(Cost $232,747,105)

         250,041,344
         
     Principal
Amount		    Value
(Note 1)

SHORT-TERM INVESTMENT:

      

Time Deposit (3.2%)

      

JPMorgan Chase Nassau

      

0.000%, 4/1/10

      

(Amortized Cost $8,349,420)

    $ 8,349,420    $ 8,349,420
         

Total Investments (99.9%)
(Cost/Amortized Cost $241,096,525)

         258,390,764

Other Assets Less Liabilities (0.1%)

         283,272
         

Net Assets (100%)

       $ 258,674,036
         

 

* Non-income producing.

Glossary:

ADR — American Depositary Receipt

 

See Notes to Portfolio of Investments.

490

EQ ADVISORS TRUST

EQ/VAN KAMPEN COMSTOCK PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

The following is a summary of the inputs used to value the Portfolio’s assets and liabilities carried at fair value as of March 31, 2010:

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, money market securities are valued using amortized cost, in accordance with rules under the Investment Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active market, such securities are reflected as Level 2.

Various inputs are used in determining the value of the Portfolio’s investments. These inputs are summarized in the three broad levels listed below:

 

Investment Type

    Level 1
Quoted prices in active
markets for identical
securities		    Level 2
Significant other
observable  inputs
(including quoted prices
for similar securities,
interest rates,
prepayment speeds,
credit risk, etc.)		    Level 3
Significant unobservable
inputs (including the
Portfolio’s own
assumptions in
determining the fair
value of investments)		    Total

Assets:

            

Common Stocks

            

Consumer Discretionary

    $ 45,133,023    $ —      $ —      $ 45,133,023

Consumer Staples

      28,558,512      —        —        28,558,512

Energy

      18,666,774      —        —        18,666,774

Financials

      63,970,162      27,000      —        63,997,162

Health Care

      35,108,834      —        —        35,108,834

Industrials

      10,021,091      —        —        10,021,091

Information Technology

      27,232,317      —        —        27,232,317

Materials

      10,217,636      —        —        10,217,636

Telecommunication Services

      10,322,565      —        —        10,322,565

Utilities

      783,430      —        —        783,430

Short-Term Investments

      —        8,349,420      —        8,349,420
                           

Total Assets

    $ 250,014,344    $ 8,376,420    $ —      $ 258,390,764
                           

Total Liabilities

    $ —      $ —      $ —      $ —  
                           

Total

    $ 250,014,344    $ 8,376,420    $ —      $ 258,390,764
                           

Investment security transactions for the three months ended March 31, 2010 were as follows:

 

Cost of Purchases:

   

Stocks and long-term corporate debt securities

    $ 9,867,528

Net Proceeds of Sales and Redemptions:

   

Stocks and long-term corporate debt securities

    $ 9,303,565

As of March 31, 2010, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investments for Federal income tax purposes was as follows:

 

Aggregate gross unrealized appreciation

    $ 25,787,598   

Aggregate gross unrealized depreciation

      (13,897,603 ) 
        

Net unrealized appreciation

    $ 11,889,995   
        

Federal income tax cost of investments

    $ 246,500,769   
        

The Portfolio has a net capital loss carryforward of $68,136,111 of which $22,136,216 expires in the year 2016, and $45,999,895 expires in the year 2017.

 

See Notes to Portfolio of Investments.

491

EQ ADVISORS TRUST

EQ/VAN KAMPEN MID CAP GROWTH PORTFOLIO

PORTFOLIO OF INVESTMENTS

March 31, 2010 (Unaudited)

 

     Number of
Shares		    Value
(Note 1)

COMMON STOCKS:

      

Consumer Discretionary (25.8%)

      

Auto Components (0.4%)

      

Better Place(b)*†

    1,171,377    $ 2,987,011
         

Distributors (3.5%)

      

Li & Fung Ltd.

    4,774,000      23,488,012
         

Diversified Consumer Services (3.0%)

      

New Oriental Education & Technology Group, Inc. (ADR)*

   120,595      10,312,079

Strayer Education, Inc.

    40,210      9,791,939
         
        20,104,018
         

Hotels, Restaurants & Leisure (7.8%)

     

Ctrip.com International Ltd. (ADR)*

    614,002      24,068,879

Las Vegas Sands Corp.*

    445,481      9,421,923

Wynn Resorts Ltd.

    254,493      19,298,204
         
        52,789,006
         

Household Durables (2.4%)

      

Gafisa S.A. (ADR)

    490,380      6,737,821

NVR, Inc.*

    12,488      9,072,532
         
        15,810,353
         

Internet & Catalog Retail (4.0%)

     

Netflix, Inc.*

    97,891      7,218,482

priceline.com, Inc.*

    77,943      19,875,465
         
        27,093,947
         

Media (3.6%)

      

Discovery Communications, Inc., Class C*

    222,106      6,532,138

Groupe Aeroplan, Inc.

    654,007      6,857,849

Morningstar, Inc.*

    231,053      11,111,339
         
        24,501,326
         

Multiline Retail (1.1%)

      

Sears Holdings Corp.*

    65,095      7,058,251
         

Total Consumer Discretionary

         173,831,924
         

Consumer Staples (1.6%)

      

Food Products (1.6%)

      

Mead Johnson Nutrition Co., Class A

    207,927      10,818,442
         

Total Consumer Staples

         10,818,442
         

Energy (5.7%)

      

Oil, Gas & Consumable Fuels (5.7%)

     

Petrohawk Energy Corp.*

    173,825      3,525,171

Range Resources Corp.

    306,810      14,380,184

Ultra Petroleum Corp.*

    446,306      20,811,249
         

Total Energy

         38,716,604
         

Financials (11.6%)

      

Capital Markets (3.7%)

     

Calamos Asset Management, Inc., Class A

    322,867      4,629,913

Greenhill & Co., Inc.

    138,926      11,404,435

T. Rowe Price Group, Inc.

    161,184      8,853,837
         
        24,888,185
         

Diversified Financial Services (7.9%)

      

CIT Group, Inc.*

    185,409      7,223,535

IntercontinentalExchange, Inc.*

    84,678      9,499,178

Leucadia National Corp.*

    506,623      12,569,316

Moody’s Corp.

    137,481      4,090,060

MSCI, Inc., Class A*

    540,518    $ 19,512,700
         
        52,894,789
         

Total Financials

         77,782,974
         

Health Care (9.7%)

      

Health Care Equipment & Supplies (3.4%)

      

Gen-Probe, Inc.*

    259,413      12,970,650

Intuitive Surgical, Inc.*

    27,278      9,496,290
         
        22,466,940
         

Life Sciences Tools & Services (4.2%)

      

Illumina, Inc.*

    440,436      17,132,960

Techne Corp.

    177,107      11,279,945
         
        28,412,905
         

Pharmaceuticals (2.1%)

      

Allergan, Inc.

    116,961      7,639,893

Ironwood Pharmaceuticals, Inc.(b)*†

    523,730      6,372,747

Ironwood Pharmaceuticals, Inc.*

    10,439      141,135
         
        14,153,775
         

Total Health Care

         65,033,620
         

Industrials (12.4%)

      

Air Freight & Logistics (3.5%)

      

C.H. Robinson Worldwide, Inc.

    176,270      9,844,680

Expeditors International of Washington, Inc.

    365,687      13,501,164
         
        23,345,844
         

Commercial Services & Supplies (0.7%)

      

Covanta Holding Corp.*

    296,872      4,945,888
         

Professional Services (6.6%)

      

Corporate Executive Board Co.

    188,435      5,010,487

IHS, Inc., Class A*

    148,367      7,933,183

Intertek Group plc

    644,680      14,263,642

Verisk Analytics, Inc., Class A*

    612,782      17,280,452
         
        44,487,764
         

Trading Companies & Distributors (1.6%)

      

Fastenal Co.

    215,851      10,358,689
         

Total Industrials

         83,138,185
         

Information Technology (20.3%)

      

Communications Equipment (0.4%)

      

Palm, Inc.*

    660,434      2,483,232
         

Computers & Peripherals (2.5%)

      

Teradata Corp.*

    581,282      16,793,237
         

Internet Software & Services (9.7%)

      

Akamai Technologies, Inc.*

    425,794      13,374,189

Alibaba.com Ltd.

    4,716,500      9,488,583

Baidu, Inc. (ADR)*

    53,012      31,648,164

Equinix, Inc.*

    68,548      6,672,462

Monster Worldwide, Inc.*

    266,103      4,419,971
         
        65,603,369
         

IT Services (2.1%)

      

Redecard S.A.

    754,924      13,966,317
         

Semiconductors & Semiconductor Equipment (0.4%)

      

NVIDIA Corp.*

    165,151      2,870,324
         

Software (5.2%)

     

Autodesk, Inc.*

    303,822      8,938,443

Rovi Corp.*

    165,805      6,156,340

 

See Notes to Portfolio of Investments.

492

EQ ADVISORS TRUST

EQ/VAN KAMPEN MID CAP GROWTH PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

 

     Number of
Shares		    Value
(Note 1)		  

Salesforce.com, Inc.*

      265,775    $ 19,786,949   
           
        34,881,732   
           

Total Information Technology

         136,598,211   
           

Materials (6.0%)

      

Chemicals (3.9%)

      

Intrepid Potash, Inc.*

      243,540      7,386,568   

Nalco Holding Co.

      432,840      10,530,997   

Rockwood Holdings, Inc.*

      308,182      8,203,805   
           
        26,121,370   
           

Construction Materials (2.1%)

      

Martin Marietta Materials, Inc.

      133,115      11,121,758   

Texas Industries, Inc.

      83,315      2,846,874   
           
        13,968,632   
           

Total Materials

         40,090,002   
           

Telecommunication Services (1.0%)

      

Wireless Telecommunication Services (1.0%)

      

Millicom International Cellular S.A.

      76,012      6,776,470   
           

Total Telecommunication Services

         6,776,470   
           

Total Common Stocks (94.1%)
(Cost $589,449,162)

         632,786,432   
           
     Principal
Amount		    Value
(Note 1)		  

SHORT-TERM INVESTMENT:

      

Time Deposit (6.4%)

      

JPMorgan Chase Nassau

      

0.000%, 4/1/10

      

(Amortized Cost $43,313,513)

    $ 43,313,513      43,313,513   
           

Total Investments (100.5%)
(Cost/Amortized Cost $632,762,675)

         676,099,945   

Other Assets Less Liabilities (-0.5%)

         (3,437,879 ) 
           

Net Assets (100%)

       $ 672,662,066   
           

 

* Non-income producing.

 

† Securities (totaling $9,359,758 or 1.4% of net assets) at fair value by management.

 

(b) Illiquid Security.

Glossary:

ADR — American Depositary Receipt

 

See Notes to Portfolio of Investments.

493

EQ ADVISORS TRUST

EQ/VAN KAMPEN MID CAP GROWTH PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

The following is a summary of the inputs used to value the Portfolio’s assets and liabilities carried at fair value as of March 31, 2010:

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, money market securities are valued using amortized cost, in accordance with rules under the Investment Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active market, such securities are reflected as Level 2.

Various inputs are used in determining the value of the Portfolio’s investments. These inputs are summarized in the three broad levels listed below:

 

Investment Type

    Level 1
Quoted prices in active
markets for identical
securities		    Level 2
Significant other
observable  inputs
(including quoted prices
for similar securities,
interest rates,
prepayment speeds,
credit risk, etc.)		    Level 3
Significant unobservable
inputs (including the
Portfolio’s own
assumptions in
determining the fair
value of investments)		    Total

Assets:

            

Common Stocks

            

Consumer Discretionary

    $ 147,356,901    $ 23,488,012    $ 2,987,011    $ 173,831,924

Consumer Staples

      10,818,442      —        —        10,818,442

Energy

      38,716,604      —        —        38,716,604

Financials

      77,782,974      —        —        77,782,974

Health Care

      58,660,873      —        6,372,747      65,033,620

Industrials

      68,874,543      14,263,642      —        83,138,185

Information Technology

      127,109,628      9,488,583      —        136,598,211

Materials

      40,090,002      —        —        40,090,002

Telecommunication Services

      6,776,470      —        —        6,776,470

Short-Term Investments

      —        43,313,513      —        43,313,513
                           

Total Assets

    $ 576,186,437    $ 90,553,750    $ 9,359,758    $ 676,099,945
                           

Total Liabilities

    $ —      $ —      $ —      $ —  
                           

Total

    $ 576,186,437    $ 90,553,750    $ 9,359,758    $ 676,099,945
                           

Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:

 

     Investments in Securities-
Consumer Discretionary		     Investments  in
Securities-Health Care		  

Balance as of 12/31/09

    $ —        $ 3,663,475   

Total gains or losses (realized/unrealized) included in earnings

      (527,120 )      (1,101,171 ) 

Purchases, sales, issuances, and settlements (net)

      3,514,131        3,810,443   

Transfers into Level 3

      —          —     

Transfers out of Level 3

      —          —     
                

Balance as of 3/31/10

    $ 2,987,011      $ 6,372,747   
                

The amount of total gains or losses for the year included in earnings attributable to the change in unrealized gains or losses relating to assets and liabilities still held at period ending 3/31/10.

    $ (527,120 )    $ (1,101,171 ) 

Investment security transactions for the three months ended March 31, 2010 were as follows:

 

Cost of Purchases:

   

Stocks and long-term corporate debt securities

    $ 27,698,272

Net Proceeds of Sales and Redemptions:

   

Stocks and long-term corporate debt securities

    $ 5,800,727

 

See Notes to Portfolio of Investments.

494

EQ ADVISORS TRUST

EQ/VAN KAMPEN MID CAP GROWTH PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2010 (Unaudited)

 

As of March 31, 2010, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investments for Federal income tax purposes was as follows:

 

Aggregate gross unrealized appreciation

    $ 111,306,969   

Aggregate gross unrealized depreciation

      (67,399,923 ) 
        

Net unrealized appreciation

    $ 43,907,046   
        

Federal income tax cost of investments

    $ 632,192,899   
        

The Portfolio has a net capital loss carryforward of $36,495,939 of which $20,518,785 expires in the year 2016, and $15,977,154 expires in the year 2017.

 

See Notes to Portfolio of Investments.

495

EQ ADVISORS TRUST

NOTES TO PORTFOLIO OF INVESTMENTS

March 31, 2010 (Unaudited)

Note 1 Valuation

The Portfolios are subject to the provisions of FASB Accounting Standards CodificationTM (“ASC”), “Fair Value Measurements and Disclosure” (ASC 820). This standard defines fair value, sets out a framework for measuring fair value and requires certain disclosures about fair value measurements. ASC 820 establishes a hierarchy that prioritizes the inputs to valuation techniques, giving the highest priority to readily available unadjusted quoted prices in active markets for identical assets (level 1 measurements) and the lowest priority to unobservable inputs (level 3 measurements) when market prices are not readily available or reliable. The three levels of the hierarchy under ASC 820 are summarized below:

 

  •  

Level 1 - quoted prices in active markets for identical assets

 

  •  

Level 2 - other significant inputs (including quoted prices of similar securities, interest rates, prepayment speeds, credit risk, etc.)

 

  •  

Level 3 - significant unobservable inputs (including the Portfolio’s own assumptions in determining the fair value of investments)

Changes in valuation techniques may result in transfers in or out of an investment’s assigned level within the hierarchy.

The inputs or methodology used to value securities are not necessarily an indication of the risk associated with investing in those securities. For example, money market securities are valued using amortized cost, in accordance with the rules under the 1940 Act. Generally, amortized cost approximates the current fair value of a security, but since the valuation is not obtained from a quoted price in an active market, such securities are reflected as Level 2.

A summary of inputs used to value each Portfolio’s net assets as of March 31, 2010 is included in the Portfolio of Investments.

Accounting for Derivative Instruments:

The Portfolios are subject to the provisions of ASC 815, “Derivatives and Hedging: Overall” (“ASC 815”). ASC 815 requires disclosures about entities derivative and hedging activities. The following is a description of how and why the Portfolios use derivative instruments, the type of derivatives utilized by the Portfolios during the reporting period, as well as the primary underlying risk exposures related to each instrument type. Derivatives accounted for as hedging instruments under ASC 815 must be disclosed separately from those that do not qualify for hedge accounting. Even though the Portfolios may use derivatives in an attempt to achieve an economic hedge, the Porfolios’s derivatives are not accounted for as hedging instruments under ASC 815 because investment companies account for their derivatives at fair value and record any changes in fair value in current period earnings. All open derivative positions at period end are reflected on each respective Portfolio’s Portfolio of Investments.

For more information on each Portfolio’s policy regarding valuation of investments and other significant accounting policies, please refer to a Portfolio’s most recent semi-annual or annual report.

 

496

Item 2. Controls and Disclosures.

 

  (a) The registrant’s certifying officers have evaluated the registrant’s disclosure controls and procedures as of a date within 90 days prior to the filing date of this report and have determined such controls and procedures to be reasonably designed to achieve the purposes described in Rule 30a-3(c) under the Investment Company Act of 1940.

 

  (b) The registrant’s certifying officers are not aware of any changes in the registrant’s internal control over financial reporting that occurred during the registrant’s last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.

Item 3. Exhibits.

Certifications required by Item 3 are filed herewith.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

EQ Advisors Trust
By:       /s/ Steven M. Joenk
Steven M. Joenk
President
May 28, 2010

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

 

By:       /s/ Steven M. Joenk
Steven M. Joenk
Chief Executive Officer
May 28, 2010
By:       /s/ Brian Walsh
Brian Walsh
Chief Financial Officer and Treasurer
May 28, 2010