EX-99.(I)(1) 35 file034.txt LEGAL OPINION OF KIRKPATRICK & LOCKHART LLP Kirkpatrick & Lockhart LLP 1800 Massachusetts Avenue, NW Second Floor Washington, DC 20036-1800 202.778.9000 www.kl.com December 4, 2001 AXA Premier VIP Trust 1290 Avenue of the Americas New York, New York 10104 Ladies and Gentlemen: We have acted as counsel to AXA Premier VIP Trust, a Delaware business trust (the "Trust"), in connection with the Trust's Registration Statement on Form N-1A (File No. 333-70754) relating to the issuance and sale of Shares of the Trust. You have requested our opinion with respect to the matters set forth below. In this opinion letter, the term "Shares" refers to shares of beneficial interest of each series of the Trust listed in Schedule A attached to this opinion letter (each, a "Series"), that may be issued during the time that the Registration Statement is effective and has not been superseded by a post-effective amendment. In connection with rendering the opinions set forth below, we have examined copies, believed by us to be genuine, of the Trust's Agreement and Declaration of Trust dated as of October 2, 2001 (the "Agreement"), and Bylaws and such other documents relating to its organization and operation as we have deemed relevant to our opinions, as set forth herein. With respect to matters governed by the laws of the State of Delaware (excluding the securities laws thereof), we have relied solely on the opinion letter of Richards, Layton & Finger, P.A., special Delaware counsel to the Trust, an executed copy of which is appended hereto as Exhibit A. The opinions set forth in this letter are limited to the laws and facts in existence on the date hereof, and are further limited to the laws (other than laws relating to choice of law) of the State of Delaware that in our experience are normally applicable to the issuance of shares of beneficial interest by business trusts and to the Securities Act of 1933, as amended (the "1933 Act"), the Investment Company Act of 1940, as amended (the "1940 Act"), and the rules and regulations of the Securities and Exchange Commission (the "SEC") thereunder. Based on and subject to the foregoing, and the additional qualifications and other matters set forth below, it is our opinion that as of the date hereof the Shares, when sold in accordance with the terms contemplated by the AXA Premier VIP Trust December 4, 2001 Page 2 Registration Statement, including receipt by the Trust of full payment for the Shares and compliance with the 1933 Act and 1940 Act, will have been validly issued and will be fully paid and non-assessable. We note that the holders of Shares of the Trust may be obligated to make payments in connection with the transfer of Shares in accordance with any rules established by the Trustees under the By-Laws. We are furnishing this opinion letter to you solely in connection with the issuance of the Shares. You may not rely on this opinion letter in any other connection, and it may not be furnished to or relied upon by any other person for any purpose, without specific prior written consent. The foregoing opinions are rendered as of the date of this letter, except as otherwise indicated. We assume no obligation to update or supplement our opinions to reflect any changes of law or fact that may occur. We hereby consent to this opinion letter accompanying the Registration Statement when it is filed with the SEC and to the reference to our firm in the statements of additional information that are being filed as part of such Registration Statement. Very truly yours, /s/ Kirkpatrick & Lockhart LLP KIRKPATRICK & LOCKHART LLP SCHEDULE A AXA PREMIER VIP TRUST AXA Premier VIP Large Cap Core Equity Portfolio AXA Premier VIP Large Cap Growth Portfolio AXA Premier VIP Large Cap Value Portfolio AXA Premier VIP Small/Mid Cap Growth Portfolio AXA Premier VIP Small/Mid Cap Value Portfolio AXA Premier VIP International Equity Portfolio AXA Premier VIP Technology Portfolio AXA Premier VIP Health Care Portfolio AXA Premier VIP Core Bond Portfolio