497 1 d497.htm AXA PREMIER VIP TRUST AXA Premier VIP Trust

AXA PREMIER VIP TRUST - AXA ALLOCATION PORTFOLIOS

SUPPLEMENT DATED AUGUST 25, 2006 TO THE PROSPECTUS DATED MAY 1, 2006


This Supplement updates the above-referenced Prospectus, as supplemented, of the AXA Allocation Portfolios of the AXA Premier VIP Trust (the “Trust”). You may obtain an additional copy of the Prospectus, free of charge, by writing to the Trust at 1290 Avenue of the Americas, New York, New York 10104. You should read this Supplement in conjunction with the Prospectus and retain it for future reference.

The purpose of this supplement is to provide you with the following information about certain Underlying Portfolios of the AXA Allocation Portfolios (1) name changes of certain Underlying Portfolios, and (2) a name change and investment strategy change relating to the EQ/Intermediate Term Bond Portfolio.

Information Regarding Name Changes of Certain Underlying Portfolios of

the AXA Allocation Portfolios

Effective on or about August 25, 2006, each reference in the Prospectus to the name of the Underlying Portfolio below is replaced with the corresponding new name set forth in the table below:

 

Current Name

  

New Name

EQ/Bear Stearns Small Company Growth Portfolio    EQ/Small Company Growth Portfolio

Effective on or about September 1, 2006, each reference in the Prospectus to the name of the Underlying Portfolio below is replaced with the corresponding new name set forth in the table below:

 

Current Name

  

New Name

EQ/Lazard Small Cap Value Portfolio    EQ/Small Cap Value Portfolio

Effective on or about September 18, 2006, each reference in the Prospectus to the name of the Underlying Portfolio below is replaced with the corresponding new name set forth in the table below:

 

Current Name

  

New Name

EQ/Alliance Common Stock Portfolio

  

EQ/AllianceBernstein Common Stock Portfolio

EQ/Alliance Growth and Income Portfolio

  

EQ/AllianceBernstein Growth and Income Portfolio

EQ/Alliance Intermediate Government Securities Portfolio

  

EQ/AllianceBernstein Intermediate Government Securities Portfolio

EQ/Alliance International Portfolio

  

EQ/AllianceBernstein International Portfolio

EQ/Alliance Quality Bond Portfolio

  

EQ/AllianceBernstein Quality Bond Portfolio

EQ/Alliance Large Cap Growth Portfolio

  

EQ/AllianceBernstein Large Cap Growth Portfolio

EQ/Alliance Small Cap Growth Portfolio

  

EQ/AllianceBernstein Small Cap Growth Portfolio

EQ/Bernstein Diversified Value Portfolio

  

EQ/AllianceBernstein Diversified Value Portfolio


Information Regarding the Name Change and Investment Strategy Change

of the EQ/Intermediate Term Bond Portfolio

Effective August 25, 2006, the name of the EQ/Intermediate Term Bond Portfolio will be the “EQ/Bond Index Portfolio” (“Portfolio”) and the Portfolio will convert from a fixed income fund to a fixed income index fund. The following information supercedes and replaces information regarding the EQ/Intermediate Term Bond Portfolio in the Section of the Prospectus “Information Regarding the Underlying Portfolios:

 

Investment Grade Bond

Portfolio

  

Investment Objective

  

Principal Investment Strategy

  

Principal Investment Risks

EQ/Bond Index Portfolio    Seeks a total return before expenses that approximates the total return performance of the Lehman Brothers Aggregate Bond Index, including reinvestment of coupon payments, at a risk level consistent with that of the Lehman Brothers Aggregate Bond Index (“Index”).    Under normal circumstances, the Portfolio invests at least 80% of its net assets, plus borrowings for investment purposes, in fixed income securities in the Index. To maintain liquidity, the Portfolio may invest up to 20% of its assets in various short-term fixed income securities and money market instruments. The Portfolio attempts to have a correlation between its performance and that of the Index of at least 0.85, before expenses. A correlation of 1.00 would mean that the Portfolio and the Index were perfectly correlated.   

•      Credit Risk

•      Derivatives Risk

•      Foreign Securities Risk

•      Index Fund Risk

•      Interest Rate Risk

•      Investment Grade Securities Risk

•      Mortgage-Backed Securities risk