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 811-10509

AXA PREMIER VIP 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:

ARTHUR J. BROWN, ESQ.

Kirkpatrick & Lockhart Nicholson Graham LLP

1601 K Street, N.W.

Washington, D.C. 20036-1800

Telephone: (202) 778-9000

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

Date of fiscal year end: December 31

Date of reporting period: July 1, 2006 – September 30, 2006

Item 1. Schedule of Investments.

The following are schedules of investments of the registrant as of September 30, 2006. The schedules have not been audited.

AXA Premier VIP Trust

Quarterly Report

September 30, 2006

AXA PREMIER VIP TRUST

AXA CONSERVATIVE ALLOCATION PORTFOLIO

PORTFOLIO OF INVESTMENTS

September 30, 2006 (Unaudited)

	Number of Shares	Value (Note 1)
INVESTMENT COMPANIES:
AXA Premier VIP Aggressive Equity Portfolio* ‡	215,775	$	5,720,737
AXA Premier VIP Core Bond Portfolio ‡	5,022,379		51,335,062
AXA Premier VIP High Yield Portfolio ‡	3,025,456		17,555,464
AXA Premier VIP International Equity Portfolio ‡	539,293		7,979,234
AXA Premier VIP Large Cap Core Equity Portfolio ‡	219,333		2,521,629
AXA Premier VIP Large Cap Value Portfolio ‡	664,204		8,209,084
AXA Premier VIP Mid Cap Value Portfolio ‡	422,782		4,321,805
EQ/AllianceBernstein Quality Bond Portfolio ‡	804,967		8,291,067
EQ/AllianceBernstein Value Portfolio ‡	1,112,073		18,100,075
EQ/Capital Guardian International Portfolio ‡	175,241		2,388,775
EQ/Evergreen International Bond Portfolio* ‡	1,488,218		14,724,426
EQ/Long Term Bond Portfolio ‡	2,697,896		36,982,197
EQ/Marsico Focus Portfolio ‡	594,271	$	9,409,093
EQ/Mercury Basic Value Equity Portfolio ‡	547,761		9,205,537
EQ/Mercury International Value Portfolio ‡	145,489		2,389,758
EQ/Money Market Portfolio ‡	20,933		20,933
EQ/Short Duration Bond Portfolio ‡	12,182,431		124,849,194
Total Investments (100.3%) (Cost $315,681,175)			324,004,070
Other Assets Less Liabilities (-0.3%)			(939,628	)
Net Assets (100%)		$	323,064,442

* Non-income producing.

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

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

Investments in companies which were affiliates for the nine months ended September 30, 2006, were as follows:

Securities	Market Value December 31, 2005		Purchases at Cost		Sales at Cost		Market Value September 30, 2006		Dividend Income		Realized Gain/(Loss)
AXA Premier VIP Aggressive Equity Portfolio	$	4,781,418	$	3,096,300	$	1,757,570	$	5,720,737	$	—	$	316,525
AXA Premier VIP Core Bond Portfolio		36,300,838		32,226,493		17,842,218		51,335,062		1,382,454		(498,588	)
AXA Premier VIP High Yield Portfolio		12,717,177		11,492,585		7,677,181		17,555,464		—		(98,190	)
AXA Premier VIP International Equity Portfolio		—		9,648,319		1,867,509		7,979,234		—		(72,134	)
AXA Premier VIP Large Cap Core Equity Portfolio		176,308		3,601,348		1,372,160		2,521,629		21		3,700
AXA Premier VIP Large Cap Value Portfolio		563,032		10,962,364		3,808,294		8,209,084		128		110,701
AXA Premier VIP Mid Cap Value Portfolio		20,694		5,630,923		1,336,562		4,321,805		—		(2,699	)
EQ/AllianceBernstein Quality Bond Portfolio		12,538,958		10,105,608		14,953,058		8,291,067		—		(383,082	)
EQ/AllianceBernstein Value Portfolio		25,849,582		8,926,790		18,146,406		18,100,075		434		1,214,231
EQ/Capital Guardian International Portfolio		—		2,902,900		561,182		2,388,775		4,396		(18,561	)
EQ/Evergreen International Bond Portfolio		—		17,683,227		3,030,681		14,724,426		—		(21,941	)
EQ/Long Term Bond Portfolio		26,761,725		22,683,733		14,157,876		36,982,197		264		(818,932	)
EQ/Marsico Focus Portfolio		11,163,214		4,624,759		5,491,191		9,409,093		—		1,207,307
EQ/Mercury Basic Value Equity Portfolio		5,783,539		6,267,784		3,598,509		9,205,537		—		175,101
EQ/Mercury International Value Portfolio		—		2,894,484		553,731		2,389,758		4,923		(20,052	)
EQ/Money Market Portfolio		20,245		689		—		20,933		692		—
EQ/Short Duration Bond Portfolio		79,559,357		79,904,627		37,742,446		124,849,194		5,959		287,839
	$	216,236,087	$	232,652,933	$	133,896,574	$	324,004,070	$	1,399,271	$	1,381,225

1

AXA PREMIER VIP TRUST

AXA CONSERVATIVE ALLOCATION PORTFOLIO

PORTFOLIO OF INVESTMENTS (Concluded)

September 30, 2006 (Unaudited)

Investment security transactions for the nine months ended September 30, 2006 were as follows:

Cost of Purchases:
Stocks and long-term corporate debt securities	$	232,652,933
Net Proceeds of Sales and Redemptions:
Stocks and long-term corporate debt securities	$	134,891,825

As of September 30, 2006, 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	$	8,062,376
Aggregate gross unrealized depreciation		(344,017	)
Net unrealized appreciation	$	7,718,359
Federal income tax cost of investments	$	316,285,711

See Notes to Financial Statements.

2

AXA PREMIER VIP TRUST

AXA CONSERVATIVE-PLUS ALLOCATION PORTFOLIO

PORTFOLIO OF INVESTMENTS

September 30, 2006 (Unaudited)

	Number of Shares		Value (Note 1)
INVESTMENT COMPANIES:
AXA Premier VIP Aggressive Equity Portfolio* ‡		558,367	$	14,803,706
AXA Premier VIP Core Bond Portfolio ‡		8,754,316		89,480,172
AXA Premier VIP High Yield Portfolio ‡		5,407,723		31,378,774
AXA Premier VIP International Equity Portfolio ‡		2,855,756		42,253,039
AXA Premier VIP Large Cap Core Equity Portfolio ‡		912,555		10,491,468
AXA Premier VIP Large Cap Value Portfolio ‡		2,262,417		27,961,829
AXA Premier VIP Mid Cap Growth Portfolio ‡		185,888		1,704,363
AXA Premier VIP Mid Cap Value Portfolio ‡		872,948		8,923,537
EQ/AllianceBernstein Quality Bond Portfolio ‡		1,949,685		20,081,536
EQ/AllianceBernstein Value Portfolio ‡		4,237,219		68,964,897
EQ/Capital Guardian International Portfolio ‡		880,967		12,008,779
EQ/Evergreen International Bond Portfolio* ‡		2,744,623		27,155,289
EQ/Long Term Bond Portfolio ‡		4,099,821		56,199,483
EQ/Marsico Focus Portfolio ‡		2,769,521		43,849,841
EQ/Mercury Basic Value Equity Portfolio ‡		2,277,624		38,277,161
EQ/Mercury International Value Portfolio ‡		732,366		12,029,624
EQ/Money Market Portfolio ‡		20,933		20,933
EQ/Short Duration Bond Portfolio ‡		19,165,141		196,410,095
EQ/Small Cap Value Portfolio ‡		870,681		12,233,260
EQ/Small Company Index Portfolio ‡		931,673		11,757,011
Total Investment Companies (99.9%) (Cost $706,901,040)				725,984,797
	Principal Amount
SHORT TERM INVESTMENT:
Time Deposit (0.5%)
JPMorgan Chase Nassau 4.78%, 10/2/06 (Amortized Cost $ 3,597,947)	$	3,597,947	$	3,597,947
Total Investments (100.4%) (Cost/Amortized Cost $ 710,498,987)				729,582,744
Other Assets Less Liabilities (-0.4%)				(2,635,813	)
Net Assets (100%)			$	726,946,931

* Non-income producing.

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

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

3

AXA PREMIER VIP TRUST

AXA CONSERVATIVE-PLUS ALLOCATION PORTFOLIO

PORTFOLIO OF INVESTMENTS (Concluded)

September 30, 2006 (Unaudited)

Investments in companies which were affiliates for the nine months ended September 30, 2006, were as follows:

Securities	Market Value December 31, 2005		Purchases at Cost		Sales at Cost		Market Value September 30, 2006		Dividend Income		Realized Gain/(Loss)
AXA Premier VIP Aggressive Equity Portfolio	$	9,849,595	$	6,073,266	$	679,260	$	14,803,706	$	—	$	88,323
AXA Premier VIP Core Bond Portfolio		59,355,412		32,831,372		2,999,949		89,480,172		2,386,905		(98,645	)
AXA Premier VIP High Yield Portfolio		25,056,425		11,021,147		6,699,266		31,378,774		—		(309,731	)
AXA Premier VIP International Equity Portfolio		—		43,625,623		1,509,938		42,253,039		—		73,833
AXA Premier VIP Large Cap Core Equity Portfolio		6,399,674		8,947,652		5,258,424		10,491,468		86		168,166
AXA Premier VIP Large Cap Value Portfolio		10,643,524		20,003,878		4,495,460		27,961,829		420		209,933
AXA Premier VIP Mid Cap Growth Portfolio		21,712		1,859,425		61,770		1,704,363		—		15,981
AXA Premier VIP Mid Cap Value Portfolio		20,607		9,559,921		425,902		8,923,537		—		162,300
EQ/AllianceBernstein Value Portfolio		74,578,770		14,976,301		27,398,549		68,964,897		1,563		1,970,040
EQ/AllianceBernstein Quality Bond Portfolio		20,466,782		10,854,800		12,052,790		20,081,536		—		(290,648	)
EQ/AllianceBernstein Value Portfolio		74,578,770		14,976,301		27,398,549		68,964,897		1,563		1,970,040
EQ/Capital Guardian International Portfolio		—		12,455,941		423,313		12,008,779		20,878		40,030
EQ/Evergreen International Bond Portfolio		—		27,926,067		836,873		27,155,289		—		(16,579	)
EQ/Long Term Bond Portfolio		43,624,260		21,666,102		10,800,777		56,199,483		377		(778,180	)
EQ/Marsico Focus Portfolio		63,964,877		9,236,366		25,589,495		43,849,841		—		5,090,037
EQ/Mercury Basic Value Equity Portfolio		31,763,420		14,779,489		11,586,327		38,277,161		—		821,608
EQ/Mercury International Value Portfolio		—		12,416,028		416,299		12,029,624		23,406		4,604
EQ/Money Market Portfolio		20,245		689		—		20,933		692		—
EQ/Short Duration Bond Protfolio		130,637,987		67,010,154		6,527,387		196,410,095		8,883		60,313
EQ/ Small Cap Value Portfolio		12,565,424		1,033,926		1,947,364		12,233,260		—		198,534
EQ/Small Company Index Portfolio		—		12,482,318		646,488		11,757,011		—		24,063
	$	488,968,714	$	338,760,465	$	120,355,631	$	725,984,797	$	2,443,210	$	7,433,982

Investment security transactions for the nine months ended September 30, 2006 were as follows:

Cost of Purchases:
Stocks and long-term corporate debt securities	$	338,760,465
Net Proceeds of Sales and Redemptions:
Stocks and long-term corporate debt securities	$	126,256,461

As of September 30, 2006, 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	$	19,788,758
Aggregate gross unrealized depreciation		(930,081	)
Net unrealized appreciation	$	18,858,677
Federal income tax cost of investments	$	710,724,067

See Notes to Financial Statements.

4

AXA PREMIER VIP TRUST

AXA MODERATE ALLOCATION PORTFOLIO

PORTFOLIO OF INVESTMENTS

September 30, 2006 (Unaudited)

	Number of Shares		Value (Note 1)
INVESTMENT COMPANIES:
AXA Premier VIP Aggressive Equity Portfolio* ‡		10,211,199	$	270,724,636
AXA Premier VIP Core Bond Portfolio ‡		85,712,757		876,092,723
AXA Premier VIP High Yield Portfolio ‡		63,586,065		368,963,574
AXA Premier VIP International Equity Portfolio ‡		31,226,818		462,024,021
AXA Premier VIP Large Cap Core Equity Portfolio ‡		14,240,146		163,716,252
AXA Premier VIP Large Cap Value Portfolio ‡		21,550,568		266,349,333
AXA Premier VIP Mid Cap Growth Portfolio ‡		15,458,671		141,737,044
AXA Premier VIP Mid Cap Value Portfolio ‡		20,232,459		206,822,245
EQ/AllianceBernstein Large Cap Growth Portfolio* ‡		9,539,462		71,231,672
EQ/AllianceBernstein Quality Bond Portfolio ‡		100,197,124		1,032,019,168
EQ/AllianceBernstein Value Portfolio ‡		25,496,954		414,987,980
EQ/Capital Guardian International Portfolio ‡		12,163,881		165,810,339
EQ/Evergreen International Bond Portfolio* ‡		21,881,539		216,495,891
EQ/Long Term Bond Portfolio ‡		16,971,150		232,636,959
EQ/Marsico Focus Portfolio ‡		26,462,094		418,974,536
EQ/Mercury Basic Value Equity Portfolio ‡		43,923,707		738,170,439
EQ/Mercury International Value Portfolio ‡		10,051,993		165,110,989
EQ/Money Market Portfolio ‡		20,933		20,933
EQ/Short Duration Bond Portfolio ‡		77,427,388		793,499,039
EQ/Small Cap Value Portfolio ‡		13,647,704		191,753,346
EQ/Small Company Index Portfolio ‡		4,197,487		52,969,094
EQ/Van Kampen Emerging Markets Equity Portfolio ‡		12,563,501		184,242,730
Total Investment Companies (100.0%) (Cost $7,063,905,678)				7,434,352,943
	Principal Amount
SHORT-TERM INVESTMENT:
Time Deposit (0.1%)
JPMorgan Chase Nassau 4.78%, 10/2/06 (Amortized Cost $8,787,984)	$	8,787,984	$	8,787,984
Total Investments (100.1%) (Cost/Amortized Cost $7,072,693,662)				7,443,140,927
Other Assets Less Liabilities (-0.1%)				(8,929,771	)
Net Assets (100%)			$	7,434,211,156

* Non-income producing.

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

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

5

AXA PREMIER VIP TRUST

AXA MODERATE ALLOCATION PORTFOLIO

PORTFOLIO OF INVESTMENTS (Concluded)

September 30, 2006 (Unaudited)

Investments in companies which were affiliates for the nine months ended September 30, 2006, were as follows:

Securities	Market Value December 31, 2005		Purchases at Cost		Sales at Cost		Market Value September 30, 2006		Dividend Income		Realized Gain/(Loss)
AXA Premier VIP Aggressive Equity Portfolio	$	269,659,975	$	20,200,886	$	7,874,745	$	270,724,636	$	—	$	3,591,705
AXA Premier VIP Core Bond Portfolio		692,147,765		192,897,980		9,675,303		876,092,723		24,572,950		(186,909	)
AXA Premier VIP High Yield Portfolio		365,593,732		—		17,544,190		368,963,574		—		455,810
AXA Premier VIP International Equity Portfolio		—		445,953,621		1,517,815		462,024,021		—		991,478
AXA Premier VIP Large Cap Core Equity Portfolio		138,583,252		16,780,900		1,382,664		163,716,252		1,373		652,027
AXA Premier VIP Large Cap Value Portfolio		170,595,278		79,506,588		5,912,166		266,349,333		4,170		829,938
AXA Premier VIP Mid Cap Growth Portfolio		180,872,503		11,535,447		43,216,103		141,737,044		—		12,420,622
AXA Premier VIP Mid Cap Value Portfolio		254,866,599		14,021,123		67,335,214		206,822,245		—		13,181,626
EQ/Alliance Large Cap Growth Portfolio		262,138,198		—		137,144,719		71,231,672		—		38,955,281
EQ/Alliance Quality Bond Portfolio		1,067,585,762		44,612,854		109,714,540		1,032,019,168		—		(1,963,998	)
EQ/AllianceBernstein Value Portfolio		590,013,219		58,236,218		277,252,879		414,987,980		12,893		14,930,619
EQ/Bernstein Capital Guardian International Portfolio		—		160,709,372		545,996		165,810,339		180,292		525,125
EQ/Evergreen International Bond Portfolio		—		214,200,492		681,144		216,495,891		—		(11,134	)
EQ/Long Term Bond Portfolio		240,063,032		33,547,415		46,097,638		232,636,959		1,639		(3,696,736	)
EQ/Marsico Focus Portfolio		494,430,130		31,465,385		80,591,527		418,974,536		—		32,163,789
EQ/Mercury Basic Value Equity Portfolio		911,499,882		66,502,746		266,785,899		738,170,439		—		63,990,807
EQ/Mercury International Value Portfolio		—		160,362,623		537,113		165,110,989		201,078		166,473
EQ/Money Market Portfolio		20,245		689		—		20,933		692		—
EQ/Short Duration Bond Portfolio		712,102,163		126,203,843		68,299,704		793,499,039		37,524		82,143
EQ/Small Cap Value Portfolio		221,743,882		1,702,472		35,387,563		191,753,346		—		10,314,910
EQ/Small Company Index Portfolio		—		55,203,388		1,766,435		52,969,094		—		94,319
EQ/Van Kampen Emerging Markets Equity Portfolio		—		175,582,574		654,280		184,242,730		—		780,562
	$	6,571,915,617	$	1,909,226,616	$	1,179,917,637	$	7,434,352,943	$	25,012,611	$	188,268,457

Investment security transactions for the nine months ended September 30, 2006 were as follows:

Cost of Purchases:
Stocks and long-term corporate debt securities	$	1,909,226,616
Net Proceeds of Sales and Redemptions:
Stocks and long-term corporate debt securities	$	1,345,786,448

As of September 30, 2006, 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	$	387,635,213
Aggregate gross unrealized depreciation		(17,634,123	)
Net unrealized appreciation	$	370,001,090
Federal income tax cost of investments	$	7,073,139,837

The Portfolio has a net capital loss carryforward of $209,990,440, of which $294,742 expires in the year 2008, $130,468,216 expires in the year 2009, and $79,227,482 expires in the year 2011.

See Notes to Financial Statements.

6

AXA PREMIER VIP TRUST

AXA MODERATE-PLUS ALLOCATION PORTFOLIO

PORTFOLIO OF INVESTMENTS

September 30, 2006 (Unaudited)

	Number of Shares		Value (Note 1)
INVESTMENT COMPANIES:
AXA Premier VIP Aggressive Equity Portfolio* ‡		10,982,479	$	291,173,193
AXA Premier VIP Core Bond Portfolio ‡		55,225,084		564,470,165
AXA Premier VIP International Equity Portfolio ‡		30,371,481		449,368,671
AXA Premier VIP Large Cap Core Equity Portfolio ‡		19,462,956		223,761,909
AXA Premier VIP Large Cap Value Portfolio ‡		26,334,512		325,475,394
AXA Premier VIP Mid Cap Growth Portfolio ‡		3,513,584		32,215,258
AXA Premier VIP Mid Cap Value Portfolio ‡		7,318,049		74,807,280
EQ/AllianceBernstein Large Cap Growth Portfolio* ‡		2,574,670		19,225,200
EQ/AllianceBernstein Quality Bond Portfolio ‡		19,347,001		199,271,945
EQ/AllianceBernstein Value Portfolio ‡		31,055,607		505,460,521
EQ/Capital Guardian International Portfolio ‡		11,447,688		156,047,640
EQ/Long Term Bond Portfolio ‡		16,441,274		225,373,527
EQ/Marsico Focus Portfolio ‡		29,465,514		466,527,708
EQ/Mercury Basic Value Equity Portfolio ‡		34,850,888		585,694,986
EQ/Mercury International Value Portfolio ‡		15,411,819		253,149,883
EQ/Short Duration Bond Portfolio ‡		45,803,983		469,412,923
EQ/Small Cap Value Portfolio ‡		13,417,323		188,516,440
EQ/Small Company Index Portfolio ‡		10,401,353		131,257,176
EQ/Van Kampen Emerging Markets Equity Portfolio ‡		13,664,572		200,389,856
Total Investment Companies (99.7%) (Cost $5,042,195,947)				5,361,599,675
	Principal Amount
SHORT-TERM INVESTMENT:
Time Deposit (0.3%)
JPMorgan Chase Nassau 4.78%, 10/2/06 (Amortized Cost $15,362,120)	$	15,362,120	$	15,362,120
Total Investments (100.0%) (Cost/Amortized Cost $5,057,558,067)				5,376,961,795
Other Assets Less Liabilities (0.0%)				(379,469	)
Net Assets (100%)			$	5,376,582,326

* Non-income producing.

‡ Affiliated company as defined under the Investment Company Act of 1940 (See Note 6).

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

7

AXA PREMIER VIP TRUST

AXA MODERATE-PLUS ALLOCATION PORTFOLIO

PORTFOLIO OF INVESTMENTS (Concluded)

September 30, 2006 (Unaudited)

Investments in companies which were affiliates for the nine months ended September 30, 2006 were as follows:

Securities	Market Value December 31, 2005		Purchases at Cost		Sales at Cost		Market Value September 30, 2006		Dividend Income		Realized Gain/(Loss)
AXA Premier VIP Aggressive Equity Portfolio	$	163,710,870	$	133,981,827	$	—	$	291,173,193	$	—	$	—
AXA Premier VIP Core Bond Portfolio		311,680,663		250,792,325		—		564,470,165		13,819,376		—
AXA Premier VIP International Equity Portfolio		281,818,054		149,039,954		17,808,858		449,368,671		—		7,305,775
AXA Premier VIP Large Cap Core Equity Portfolio		102,344,861		116,363,777		6,282,153		223,761,909		1,622		928,126
AXA Premier VIP Large Cap Value Portfolio		82,253,937		223,516,287		—		325,475,394		4,325		661,764
AXA Premier VIP Mid Cap Growth Portfolio		24,298,144		12,561,204		4,623,714		32,215,258		—		723,479
AXA Premier VIP Mid Cap Value Portfolio		45,464,396		36,863,113		10,735,245		74,807,280		—		705,225
EQ/AllianceBernstein Large Cap Growth Portfolio		20,201,516		—		—		19,225,200		—		—
EQ/AllianceBernstein Quality Bond Portfolio		106,513,671		87,360,293		—		199,271,945		—		—
EQ/AllianceBernstein Value Portfolio		379,103,750		75,630,891		—		505,460,521		11,734		2,103,329
EQ/Capital Guardian International Portfolio		103,001,830		55,322,241		9,531,879		156,047,640		251,088		4,460,015
EQ/Long Term Bond Portfolio		122,815,808		96,962,820		—		225,373,527		1,380		—
EQ/Marsico Focus Portfolio		279,970,805		194,732,056		5,911,949		466,527,708		—		5,721,503
EQ/Mercury Basic Value Equity Portfolio		280,468,409		258,099,393		—		585,694,986		—		1,456,233
EQ/Mercury International Value Portfolio		157,375,947		122,860,915		48,440,121		253,149,883		464,225		9,024,104
EQ/Short Duration Bond Portfolio		231,377,374		226,170,373		—		469,412,923		19,261		—
EQ/Small Cap Value Portfolio		180,318,451		22,491,301		22,680,329		188,516,440		—		2,993,404
EQ/Small Company Index Portfolio		—		131,258,725		—		131,257,176		—		190,512
EQ/Van Kampen Emerging Markets Equity Portfolio		116,638,590		81,710,088		11,629,686		200,389,856		—		5,781,517
	$	2,989,357,076	$	2,275,717,583	$	137,643,934	$	5,361,599,675	$	14,573,011	$	42,054,986

Investment security transactions for the nine months ended September 30, 2006 were as follows:

Cost of Purchases:
Stocks and long-term corporate debt securities	$	2,275,717,583
Net Proceeds of Sales and Redemptions:
Stocks and long-term corporate debt securities	$	162,700,000

As of September 30, 2006, 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	$	323,661,962
Aggregate gross unrealized depreciation		(4,311,898	)
Net unrealized appreciation	$	319,350,064
Federal income tax cost of investments	$	5,057,611,731

See Notes to Financial Statements.

8

AXA PREMIER VIP TRUST

AXA AGGRESSIVE ALLOCATION PORTFOLIO

PORTFOLIO OF INVESTMENTS

September 30, 2006 (Unaudited)

	Number of Shares		Value (Note 1)
INVESTMENT COMPANIES:
AXA Premier VIP Aggressive Equity Portfolio* ‡		3,406,356	$	90,311,092
AXA Premier VIP Core Bond Portfolio ‡		5,592,605		57,163,490
AXA Premier VIP International Equity Portfolio ‡		8,229,195		121,757,059
AXA Premier VIP Large Cap Core Equity Portfolio ‡		5,368,129		61,716,361
AXA Premier VIP Large Cap Value Portfolio ‡		7,946,472		98,212,613
AXA Premier VIP Mid Cap Growth Portfolio ‡		578,725		5,306,198
AXA Premier VIP Mid Cap Value Portfolio ‡		1,163,753		11,896,233
EQ/AllianceBernstein Large Cap Growth Portfolio* ‡		1,018,963		7,608,649
EQ/AllianceBernstein Quality Bond Portfolio ‡		1,844,530		18,998,456
EQ/AllianceBernstein Value Portfolio ‡		9,720,696		158,213,879
EQ/Capital Guardian International Portfolio ‡		1,812,635		24,708,696
EQ/Marsico Focus Portfolio ‡		9,662,959		152,993,702
EQ/Mercury Basic Value Equity Portfolio ‡		8,905,013		149,655,344
EQ/Mercury International Value Portfolio ‡		6,307,155		103,599,419
EQ/Small Cap Value Portfolio ‡		5,028,776		70,655,448
EQ/Small Company Index Portfolio ‡		3,966,661		50,056,248
EQ/Van Kampen Emerging Markets Equity Portfolio ‡		3,529,137		51,754,507
Total Investment Companies (99.5%) (Cost $1,149,462,224)				1,234,607,394
	Principal Amount
SHORT-TERM INVESTMENT:
Time Deposit (0.4%)
JPMorgan Chase Nassau 4.78%, 10/2/06 (Amortized Cost $4,743,545)	$	4,743,545	$	4,743,545
Total Investments (99.9%) (Cost/Amortized Cost $1,154,205,769)				1,239,350,939
Other Assets Less Liabilities (0.1%)				1,131,812
Net Assets (100%)			$	1,240,482,751

* Non-income producing.

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

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

9

AXA PREMIER VIP TRUST

AXA AGGRESSIVE ALLOCATION PORTFOLIO

PORTFOLIO OF INVESTMENTS (Concluded)

September 30, 2006 (Unaudited)

Investments in companies which were affiliates for the nine months ended September 30, 2006, were as follows:

Securities	Market Value December 31, 2005		Purchases at Cost		Sales at Cost		Market Value September 30, 2006		Dividend Income		Realized Gain/(Loss)
AXA Premier VIP Aggressive Equity Portfolio	$	31,702,878	$	60,305,457	$	934,213	$	90,311,092	$	—	$	86,755
AXA Premier VIP Core Bond Portfolio		26,495,192		31,208,743		860,952		57,163,490		1,279,365		(28,874	)
AXA Premier VIP International Equity Portfolio		71,968,100		53,719,855		11,572,535		121,757,059		—		3,960,527
AXA Premier VIP Large Cap Core Equity Portfolio		16,411,792		43,965,241		1,507,067		61,716,361		394		203,094
AXA Premier VIP Large Cap Value Portfolio		25,046,979		70,148,872		2,688,586		98,212,613		1,286		245,595
AXA Premier VIP Mid Cap Growth Portfolio		22,443		5,489,131		84,466		5,306,198		—		34,561
AXA Premier VIP Mid Cap Value Portfolio		21,439		12,067,582		186,325		11,896,233		—		150,191
EQ/AllianceBernstein Large Cap Growth Portfolio		7,995,040		—		—		7,608,649		—		—
EQ/AllianceBernstein Quality Bond Portfolio		8,122,977		10,645,347		291,318		18,998,456		—		(13,959	)
EQ/AllianceBernstein Value Portfolio		119,659,279		23,253,959		516,103		158,213,879		3,634		683,635
EQ/Capital Guardian International Portfolio		15,738,922		11,469,093		3,018,486		24,708,696		37,735		1,259,345
EQ/Marsico Focus Portfolio		95,440,789		59,445,059		1,428,150		152,993,702		—		1,646,623
EQ/Mercury Basic Value Equity Portfolio		46,235,206		95,438,381		2,379,394		149,655,344		—		310,782
EQ/Mercury International Value Portfolio		66,470,574		44,614,865		15,377,776		103,599,419		192,487		4,009,173
EQ/Small Cap Value Portfolio		65,688,360		7,577,164		5,820,761		70,655,448		—		821,414
EQ/Small Company Index Portfolio		—		50,715,748		652,810		50,056,248		—		54,159
EQ/Van Kampen Emerging Markets Equity Portfolio		33,171,417		25,215,543		8,496,622		51,754,507		—		3,162,167
	$	630,191,387	$	605,280,040	$	55,815,564	$	1,234,607,394	$	1,514,901	$	16,585,188

Investment security transactions for the nine months ended September 30, 2006 were as follows:

Cost of Purchases:
Stocks and long-term corporate debt securities	$	605,280,040
Net Proceeds of Sales and Redemptions:
Stocks and long-term corporate debt securities	$	67,717,117

As of September 30, 2006, 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	$	85,247,953
Aggregate gross unrealized depreciation		(192,510	)
Net unrealized appreciation	$	85,055,443
Federal income tax cost of investments	$	1,154,295,496

See Notes to Financial Statements.

10

AXA PREMIER VIP TRUST

AXA PREMIER VIP AGGRESSIVE EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS

September 30, 2006 (Unaudited)

	Number of Shares	Value (Note 1)
COMMON STOCKS:
Consumer Discretionary (18.2%)
Automobiles (1.7%)
Harley-Davidson, Inc.^	333,700	$	20,939,675
Toyota Motor Corp. (ADR)^	188,915		20,572,844
			41,512,519
Diversified Consumer Services (1.2%)
Apollo Group, Inc., Class A*	355,587		17,509,104
DeVry, Inc.*^	127,810		2,718,519
ITT Educational Services, Inc.*	50,940		3,377,322
New Oriental Education & Technology Group (ADR)*	67,230		1,630,327
Strayer Education, Inc.^	28,800		3,116,448
			28,351,720
Hotels, Restaurants & Leisure (4.8%)
Carnival Corp.	59,310		2,789,349
Cheesecake Factory, Inc.*^	60,820		1,653,696
Chipotle Mexican Grill, Inc., Class A*^	94,500		4,693,815
Four Seasons Hotels, Inc.^	279,272		17,831,517
International Game Technology	200,430		8,317,845
Las Vegas Sands Corp.*^	281,125		19,214,894
MGM MIRAGE*^	388,634		15,347,157
Panera Bread Co., Class A*	105,650		6,154,112
Shuffle Master, Inc.*^	39,620		1,070,136
Sonic Corp.*	28,430		642,802
Starbucks Corp.*	426,638		14,527,024
Station Casinos, Inc.^	77,530		4,483,560
Texas Roadhouse, Inc., Class A*^	93,950		1,153,706
Wynn Resorts Ltd.*^	227,165		15,449,492
			113,329,105
Household Durables (0.7%)
Harman International Industries, Inc.	78,950		6,587,588
Lennar Corp., Class A	229,046		10,364,332
			16,951,920
Internet & Catalog Retail (3.6%)
Amazon.com, Inc.*^	1,096,200		35,209,944
Audible, Inc.*^	919,320		6,674,263
Coldwater Creek, Inc.*^	155,700		4,477,932
Expedia, Inc.*^	707,000		11,085,760
IAC/InterActiveCorp*^	974,300		28,020,868
Submarino S.A. (GDR)(b)^§	13,140		512,042
			85,980,809
Media (3.3%)
Comcast Corp., Class A*	644,960		23,766,776
Grupo Televisa S.A. (ADR)^	225,260		4,789,027
News Corp., Class A	647,080		12,715,122
Playboy Enterprises, Inc., Class B*^	112,110		1,054,955
Sirius Satellite Radio, Inc.*^	1,654,400		6,468,704
XM Satellite Radio Holdings, Inc., Class A*^	2,225,039		28,680,753
			77,475,337
Multiline Retail (0.8%)
Family Dollar Stores, Inc.	87,970		2,572,243
Kohl’s Corp.*	46,690		3,031,115
Nordstrom, Inc.	50,610		2,140,803
Target Corp.	196,319		10,846,624
			18,590,785
Specialty Retail (1.4%)
Aeropostale, Inc.*^	60,460		1,767,246
Best Buy Co., Inc.	97,930		5,245,131
Dick’s Sporting Goods, Inc.*	20,740		944,085
GameStop Corp., Class A*^	42,240		1,954,867
Lowe’s Cos., Inc.	621,889		17,450,205
Staples, Inc.	217,750	$	5,297,858
			32,659,392
Textiles, Apparel & Luxury Goods (0.7%)
Coach, Inc.*	84,420		2,904,048
NIKE, Inc., Class B	150,000		13,143,000
			16,047,048
Total Consumer Discretionary			430,898,635
Consumer Staples (2.6%)
Beverages (0.7%)
PepsiCo, Inc.	254,510		16,609,323
Food & Staples Retailing (0.3%)
Costco Wholesale Corp.	94,190		4,679,359
Wal-Mart de Mexico S.A. de C.V., Series V	278,451		946,841
Whole Foods Market, Inc.	9,600		570,528
			6,196,728
Household Products (1.3%)
Colgate-Palmolive Co.	102,560		6,368,976
Procter & Gamble Co.	412,808		25,585,840
			31,954,816
Personal Products (0.1%)
Bare Escentuals, Inc.*	70,400		1,911,360
Tobacco (0.2%)
Altria Group, Inc.	57,050		4,367,177
Total Consumer Staples			61,039,404
Energy (2.0%)
Energy Equipment & Services (1.8%)
GlobalSantaFe Corp.	208,490		10,422,415
Halliburton Co.	64,578		1,837,244
Noble Corp.	59,330		3,807,800
Schlumberger Ltd.	372,677		23,117,154
Smith International, Inc.	87,380		3,390,344
Transocean, Inc.*	8,780		642,959
			43,217,916
Oil, Gas & Consumable Fuels (0.2%)
Consol Energy, Inc.	62,920		1,996,452
Occidental Petroleum Corp.	55,490		2,669,624
			4,666,076
Total Energy			47,883,992
Financials (14.6%)
Capital Markets (6.0%)
Affiliated Managers Group, Inc.*^	6,430		643,707
Bank of New York Co., Inc.	125,940		4,440,644
Charles Schwab Corp.	337,090		6,033,911
EFG International (Registered)*	15,500		508,034
Evercore Partners, Inc., Class A*	17,050		491,040
Goldman Sachs Group, Inc.	279,893		47,349,499
Lehman Brothers Holdings, Inc.	266,857		19,710,058
MarketAxess Holdings, Inc.*^	614,070		6,429,313
optionsXpress Holdings, Inc.^	42,300		1,179,324
State Street Corp.	90,950		5,675,280
TD Ameritrade Holding Corp.	640,222		12,068,185
UBS AG (Registered)^	620,128		36,779,792
			141,308,787
Commercial Banks (0.7%)
Wells Fargo & Co.	486,958		17,618,141
Consumer Finance (0.4%)
American Express Co.	152,930		8,576,314
Diversified Financial Services (4.0%)
Chicago Mercantile Exchange Holdings, Inc.	46,940		22,449,055

11

AXA PREMIER VIP TRUST

AXA PREMIER VIP AGGRESSIVE EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2006 (Unaudited)

	Number of Shares	Value (Note 1)
Citigroup, Inc.	571,900	$	28,406,273
International Securities Exchange Holdings, Inc.^	273,838		12,840,264
Moody’s Corp.	35,160		2,298,761
Nasdaq Stock Market, Inc.*	597,637		18,072,543
NYSE Group, Inc.*^	158,930		11,880,017
			95,946,913
Insurance (1.9%)
American International Group, Inc.	452,900		30,009,154
Genworth Financial, Inc., Class A	407,292		14,259,293
			44,268,447
Real Estate Investment Trusts (REIT) (0.2%)
Prologis Trust (REIT)	84,566		4,825,336
Real Estate Management & Development (0.2%)
Move, Inc.*	952,740		4,677,953
Thrifts & Mortgage Finance (1.2%)
Countrywide Financial Corp.	783,000		27,436,320
Total Financials			344,658,211
Health Care (15.2%)
Biotechnology (5.9%)
Actelion Ltd. (Registered)*	18,960		2,712,568
Alnylam Pharmaceuticals, Inc.*^	468,490		6,750,941
Amgen, Inc.*	99,480		7,115,804
Applera Corp.- Celera Genomics Group*	920,736		12,816,645
Celgene Corp.*	137,440		5,951,152
Cepheid, Inc.*^	2,145,411		15,489,867
Combinatorx, Inc.*^	635,115		3,956,766
deCODE genetics, Inc.*^	1,312,799		7,220,395
Genentech, Inc.*	463,493		38,330,871
Genzyme Corp.*	297,987		20,105,183
Gilead Sciences, Inc.*	48,300		3,318,210
MedImmune, Inc.*	39,000		1,139,190
Memory Pharmaceuticals Corp.*^	1,336,100		1,362,822
Senomyx, Inc.*^	533,500		8,199,895
Vertex Pharmaceuticals, Inc.*^	178,000		5,989,700
			140,460,009
Health Care Equipment & Supplies (2.5%)
Advanced Medical Optics, Inc.*^	232,300		9,187,465
Boston Scientific Corp.*	692,800		10,246,512
Cytyc Corp.*^	410,960		10,060,301
Gen-Probe, Inc.*	12,130		568,776
Given Imaging Ltd.*^	885,948		16,912,747
ResMed, Inc.*^	75,590		3,042,498
St. Jude Medical, Inc.*	199,100		7,026,239
Thoratec Corp.*^	73,540		1,147,959
			58,192,497
Health Care Providers & Services (3.7%)
Aetna, Inc.^	594,900		23,528,295
Caremark Rx, Inc.	77,710		4,403,826
McKesson Corp.	34,660		1,827,275
UnitedHealth Group, Inc.	1,192,009		58,646,843
			88,406,239
Life Sciences Tools & Services (1.4%)
Affymetrix, Inc.*^	764,105		16,474,104
Compugen Ltd.*	1,378,450		3,983,720
Luminex Corp.*^	297,900		5,430,717
Millipore Corp.*	129,840		7,959,192
			33,847,733
Pharmaceuticals (1.7%)
Alexza Pharmaceuticals, Inc.*	843,490		6,857,574
Allergan, Inc.	72,970		8,217,152
Endo Pharmaceuticals Holdings, Inc.*	72,400	$	2,356,620
GlaxoSmithKline plc	276,370		7,341,012
Johnson & Johnson	74,400		4,831,536
Roche Holding AG	54,090		9,325,936
			38,929,830
Total Health Care			359,836,308
Industrials (8.6%)
Aerospace & Defense (1.8%)
Lockheed Martin Corp.	297,269		25,582,970
Precision Castparts Corp.	56,180		3,548,329
United Technologies Corp.	197,111		12,486,982
			41,618,281
Air Freight & Logistics (1.5%)
FedEx Corp.	311,193		33,820,455
UTi Worldwide, Inc.	70,060		1,959,578
			35,780,033
Commercial Services & Supplies (0.6%)
Corporate Executive Board Co.	49,300		4,432,563
Monster Worldwide, Inc.*	290,200		10,502,338
			14,934,901
Electrical Equipment (0.9%)
Energy Conversion Devices, Inc.*^	264,883		9,811,266
Rockwell Automation, Inc	189,080		10,985,548
			20,796,814
Industrial Conglomerates (1.2%)
General Electric Co.	801,800		28,303,540
Machinery (1.2%)
Caterpillar, Inc.	325,853		21,441,128
Danaher Corp.	25,220		1,731,857
Deere & Co.	57,840		4,853,354
			28,026,339
Road & Rail (1.4%)
Burlington Northern Santa Fe Corp.	268,477		19,716,951
Union Pacific Corp.	155,637		13,696,056
			33,413,007
Trading Companies & Distributors (0.0%)
W.W. Grainger, Inc.	17,300		1,159,446
Total Industrials			204,032,361
Information Technology (32.1%)
Communications Equipment (7.9%)
Cisco Systems, Inc.*	1,834,450		42,192,350
JDS Uniphase Corp.*	8,253,485		18,075,132
Juniper Networks, Inc.*	1,983,437		34,273,791
Motorola, Inc.	405,687		10,142,175
Nice Systems Ltd. (ADR)*	208,930		5,781,093
Nokia Oyj (ADR)	1,613,100		31,761,939
Nortel Networks Corp.*^	1,578,450		3,630,435
QUALCOMM, Inc.	961,660		34,956,341
Research In Motion Ltd.*	55,380		5,685,311
			186,498,567
Computers & Peripherals (2.9%)
Apple Computer, Inc.*	201,230		15,500,747
Dell, Inc.*	1,167,300		26,661,132
Hewlett-Packard Co.	51,640		1,894,672
Network Appliance, Inc.*	232,852		8,617,852
SanDisk Corp.*	173,430		9,285,442
Sun Microsystems, Inc.*	1,404,100		6,978,377
			68,938,222
Electronic Equipment & Instruments (0.2%)
Itron, Inc.*^	72,000		4,017,600

12

AXA PREMIER VIP TRUST

AXA PREMIER VIP AGGRESSIVE EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2006 (Unaudited)

	Number of Shares		Value (Note 1)
Mechanical Technology, Inc.*^		697,170	$	1,275,821
				5,293,421
Internet Software & Services (6.0%)
Akamai Technologies, Inc.*^		18,700		934,813
Baidu.com (ADR)*^		49,080		4,296,463
CNET Networks, Inc.*^		137,770		1,319,837
EarthLink, Inc.*		502,700		3,654,629
eBay, Inc.*		1,528,051		43,335,526
Equinix, Inc.*^		176,683		10,618,648
Google, Inc., Class A*		108,310		43,529,789
Tencent Holdings Ltd.		778,000		1,791,180
Yahoo!, Inc.*		1,299,180		32,843,271
				142,324,156
IT Services (1.8%)
Accenture Ltd., Class A		435,900		13,822,389
CheckFree Corp.*^		117,870		4,870,388
Cognizant Technology Solutions Corp., Class A*		79,130		5,860,368
First Data Corp.		344,920		14,486,640
Global Payments, Inc.		42,400		1,866,024
				40,905,809
Semiconductors & Semiconductor Equipment (7.4%)
Advanced Micro Devices, Inc.*		1,110,854		27,604,722
Applied Materials, Inc.		107,600		1,907,748
Broadcom Corp., Class A*		606,302		18,395,203
Intel Corp.		986,640		20,295,185
KLA-Tencor Corp.		498,303		22,159,534
Lam Research Corp.*		361,065		16,367,076
Linear Technology Corp.		59,490		1,851,329
Marvell Technology Group Ltd.*		605,760		11,733,571
Netlogic Microsystems, Inc.*^		426,787		10,827,586
Samsung Electronics Co., Ltd. (GDR) (m)		17,898		6,282,198
Silicon Laboratories, Inc.*		626,433		19,431,952
Texas Instruments, Inc.		531,488		17,671,976
				174,528,080
Software (5.9%)
Adobe Systems, Inc.*		446,950		16,738,278
Amdocs Ltd.*		186,840		7,398,864
Cognos, Inc.*		61,400		2,241,100
Electronic Arts, Inc.*		759,400		42,283,392
McAfee, Inc.*		90,920		2,223,903
Micros Systems, Inc.*^		58,120		2,843,230
NAVTEQ Corp.*		524,420		13,692,606
Nintendo Co., Ltd.		7,900		1,628,645
Opsware, Inc.*^		414,110		3,731,131
Red Hat, Inc.*^		586,820		12,370,166
Salesforce.com, Inc.*^		186,400		6,688,032
Shanda Interactive Entertainment Ltd. (ADR)*^		1,054,246		15,813,690
THQ, Inc.*^		143,780		4,194,063
TIBCO Software, Inc.*		847,800		7,613,244
				139,460,344
Total Information Technology				757,948,599
Materials (0.7%)
Chemicals (0.6%)
Monsanto Co.		239,190		11,244,322
Symyx Technologies, Inc.*^		114,800		2,432,612
				13,676,934
Metals & Mining (0.1%)
BHP Billiton Ltd. (ADR)^		38,660		1,464,441
Total Materials				15,141,375
Telecommunication Services (3.2%)
Diversified Telecommunication Services (1.9%)
Global Crossing Ltd.*^		53,520		1,097,160
Level 3 Communications, Inc.*^		5,644,266	$	30,196,823
NeuStar, Inc., Class A*		516,556		14,334,429
				45,628,412
Wireless Telecommunication Services (1.3%)
America Movil S.A. de C.V. (ADR)		182,140		7,170,852
American Tower Corp., Class A*		395,322		14,429,253
Rogers Communications, Inc., Class B		53,800		2,951,248
Sprint Nextel Corp.		371,100		6,364,365
				30,915,718
Total Telecommunication Services				76,544,130
Utilities (0.1%)
Independent Power Producers & Energy Traders (0.1%)
AES Corp.*		56,000		1,141,840
Total Utilities				1,141,840
Total Common Stocks (97.3%) (Cost $2,228,671,349)				2,299,124,855
	Number of Warrants
WARRANTS:
Health Care (0.0%)
Biotechnology (0.0%)
Curis, Inc., $4.45 expiring 10/14/09*†		48,100		—
Total Warrants (0.0%) (Cost $—)				—
	Principal Amount
SHORT-TERM INVESTMENTS:
Commercial Paper (0.9%)
Jupiter Securization Corp. LLC
5.36%, 10/2/06 (b)(n)(p)	$	5,110,000		5,108,479
New Center Asset Trust
5.40%, 10/2/06 (p)		1,856,000		1,855,443
Windmill Funding Corp.
5.35%, 10/2/06 (b)(n)(p)		14,823,000		14,818,594
Total Commercial Paper				21,782,516
Government Security (1.3%)
Federal Home Loan Bank
4.40%, 10/2/06 (o)(p)		31,500,000		31,492,299
Short-Term Investments of Cash Collateral for Securities Loaned (15.1%)
Accredited Mortgage Loan Trust, Series 06-2 A1
5.37%, 6/27/08 (l)		1,518,981		1,518,981
ASAP Funding Ltd.
5.37%, 10/10/06		5,080,708		5,080,708
5.33%, 10/19/06		10,475,571		10,475,571
Bavaria TRR Corp.
5.32%, 10/3/06		9,310,405		9,310,405
Cedar Springs Capital Co. LLC
5.29%, 10/5/06		6,998,301		6,998,301
5.30%, 10/5/06		10,491,277		10,491,277
Credit Suisse First Boston/London
5.30%, 10/2/06		17,539,484		17,539,484
Deutsche Bank/London
5.34%, 1/31/07 (l)		4,677,196		4,677,196
Fenway Funding LLC
5.33%, 10/20/06		5,848,560		5,848,560
Fifth Third Bancorp
5.31%, 10/29/07 (l)		701,579		701,579

13

AXA PREMIER VIP TRUST

AXA PREMIER VIP AGGRESSIVE EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Concluded)

September 30, 2006 (Unaudited)

	Principal Amount		Value (Note 1)
Fortis Bank/Brussels
5.43%, 10/2/06	$	32,740,370	$	32,740,370
Goldman Sachs Group, Inc.
5.39%, 10/1/07 (l)		2,572,458		2,572,458
Harris Nesbit Corp.
5.42%, 10/2/06		11,692,989		11,692,989
Hartford Life, Inc.
5.46%, 10/1/07 (l)		1,870,878		1,870,878
Legacy Capital Co. LLC
5.29%, 10/10/06		4,034,675		4,034,675
Lehman Brothers Bankhaus AG
5.32%, 12/12/06 (l)		8,652,812		8,652,812
Lehman Brothers, Inc.
5.53%, 12/29/06 (l)		818,509		818,509
Natexis Banques Populaires N.Y.
5.35%, 1/31/07 (l)		1,169,299		1,169,299
5.37%, 1/28/08 (l)		7,015,794		7,015,794
New York Life Insurance Co.
5.41%, 12/29/06 (l)		5,846,495		5,846,495
Nomura Securities Co., Ltd.
5.43%, 10/2/06		140,703,235		140,703,235
Norinchukin Bank/London
5.35%, 10/2/06		21,047,381		21,047,381
5.29%, 10/10/06		11,692,989		11,692,989
Scaldis Capital LLC
5.29%, 10/27/06		11,641,638		11,641,638
Sumitomo Mitsui Banking Corp. N.Y.
5.32%, 11/1/06		11,692,989		11,692,989
Thames Asset Global Securitization, Inc.
5.29%, 10/10/06		4,229,875		4,229,875
Three Pillars Funding Corp.
5.29%, 10/20/06		5,151,657		5,151,657
Total Short-Term Investments of Cash Collateral for Securities Loaned				355,216,105
Time Deposits (1.0%)
JPMorgan Chase Nassau
4.78%, 10/2/06		23,260,771		23,260,771
Total Short-Term Investments (18.3%) (Cost/Amortized Cost $431,758,785)			$	431,751,691
Total Investments (115.6%) (Cost/Amortized Cost $2,660,430,134)				2,730,876,546
Other Assets Less Liabilities (-15.6%)				(368,195,346	)
Net Assets (100%)			$	2,362,681,200

* Non-income producing.

^ All, or a portion of security out on loan (See Note 1).

† Securities (totaling $0 or 0.00% of net assets) valued at fair value.

§ Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may only be resold to qualified institutional buyers. At September 30, 2006, the market value of these securities amounted to $512,042 or 0.02% 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.

(l) Floating Rate Security. Rate disclosed is as of September 30, 2006.

(m) Regulation S is an exmption for securities offering 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.

(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 September 30, 2006.

(p) Yield to maturity.

Glossary:

ADR — American Depositary Receipt

GDR — Global Depositary Receipt

Investment security transactions for the nine months ended September 30, 2006 were as follows:

Cost of Purchases:
Stocks and long-term corporate debt securities	$	1,708,997,955
Net Proceeds of Sales and Redemptions:
Stocks and long-term corporate debt securities	$	1,700,570,488

As of September 30, 2006, 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	$	240,027,187
Aggregate gross unrealized depreciation		(197,547,957	)
Net unrealized appreciation	$	42,479,230
Federal income tax cost of investments	$	2,688,397,316

At September 30, 2006, the Portfolio had loaned securities with a total value of $348,315,447. This was secured by collateral of $355,216,105 which was received as cash and subsequently invested in short-term investments as reported in the portfolio of investments.

For the nine months ended September 30, 2006, the Portfolio incurred approximately $66,238 as brokerage commissions with Sanford C. Bernstein & Co., Inc., an affiliated broker/dealer.

The Portfolio has a net capital loss carryforward of $765,126,682, of which $180,683,754 expires in the year 2009, $517,239,587 expires in the year 2010, and $67,203,341 expires in the year 2011.

See Notes to Financial Statements.

14

AXA PREMIER VIP TRUST

AXA PREMIER VIP CORE BOND PORTFOLIO

PORTFOLIO OF INVESTMENTS

September 30, 2006 (Unaudited)

	Principal Amount		Value (Note 1)
LONG-TERM DEBT SECURITIES:
Asset-Backed and Mortgage-Backed Securities (22.7%)
Asset-Backed Securities (10.4%)
ACE Securities Corp., Series 06-HE1 A2A
5.410%, 2/25/36 (l)	$	5,018,373	$	5,019,558
Series 06-HE3 A2A
5.380%, 6/25/36 (l)		8,995,870		8,995,893
Ameriquest Mortgage Securities, Inc., Series 04-R11 A1
5.627%, 12/25/34 (l)		8,387,177		8,410,618
Amortizing Residential Collateral Trust, Series 02-BC3M A
5.600%, 6/25/32 (l)		59,989		59,996
Series 02-BC4 A
5.620%, 7/25/32 (l)		8,882		8,890
Bear Stearns Asset Backed Securities, Inc., Series 02-2 A1
5.660%, 10/25/32 (l)		24,724		24,749
Series 03-2 A2
5.780%, 3/25/43 (l)		123,883		124,156
Series 06-HE1 1A1
5.420%, 12/25/35 (l)		5,284,565		5,285,605
Capital Auto Receivables Asset Trust, Series 04-2 A2
3.350%, 2/15/08		6,124,658		6,091,967
Carrington Mortgage Loan Trust, Series 06-RFC1 A1
5.370%, 5/25/36 (l)		6,781,635		6,782,131
Cendant Mortgage Corp., Series 03-A A1
6.000%, 7/25/43 § (l)		206,555		206,266
Chase Issuance Trust, Series 04-A9 A9
3.220%, 6/15/10		6,025,000		5,905,568
Chase Manhattan Auto Owner Trust, Series 05-A A3
3.870%, 6/15/09		8,800,000		8,689,984
Series 06-A A2
5.370%, 1/15/09		8,000,000		8,004,115
Citibank Credit Card Issuance Trust, Series 03-A6 A6
2.900%, 5/17/10		2,475,000		2,390,623
Series 04-A1 A1
2.550%, 1/20/09		4,650,000		4,611,738
Series 04-A4 A4
3.200%, 8/24/09		7,200,000		7,069,491
Series 06-A2 A2
4.850%, 2/10/11		7,725,000		7,687,593
Countrywide Asset-Backed Certificates, Series 06-6 2A1
5.400%, 9/25/36 (l)		6,188,083		6,188,487
Series 06-19 2A1
5.384%, 7/25/36 (l)		11,050,000		11,050,000
CS First Boston Mortgage Securities Corp., Series 01-HE17 A1
5.640%, 1/25/32 (l)		40,884		40,904
Daimler Chrysler Auto Trust, Series 06-B A3
5.330%, 8/8/10		8,000,000		8,033,453
Discover Card Master Trust I, Series 00-4 A
5.540%, 11/17/09 (l)		9,825,000		9,838,472
Fieldstone Mortgage Investment Corp., Series 06-1 A1
5.410%, 5/25/36 (l)		6,473,345		6,474,211
First Franklin Mortgage Loan Asset Backed Certificates, Series 03-FF5 A2
6.052%, 3/25/34 (l)	$	12,422	$	12,378
Series 05-FF8 A2A
5.440%, 9/25/35 (l)		4,622,821		4,623,396
Series 06-FF4 A1
5.400%, 3/25/36 (l)		6,163,873		6,165,478
Ford Credit Auto Owner Trust, Series 04-A A3
2.930%, 3/15/08		5,999,150		5,959,317
Series 05-B A3
4.170%, 1/15/09		6,615,243		6,573,644
Series 05-C A3
4.300%, 8/15/09		7,525,000		7,446,355
Series 06-B A3
5.260%, 10/15/10		12,250,000		12,284,445
GSAA Home Equity Trust, Series 06-5 2A1
5.400%, 3/25/36 (l)		6,427,501		6,419,708
GSAMP Trust, Series 02-NC1 A2
5.650%, 7/25/32 (l)		4,114		4,170
Home Equity Asset Trust, Series 02-1 A4
5.630%, 11/25/32 (l)		1,540		1,540
Honda Auto Receivables Owner Trust, Series 05-6 A3
4.850%, 10/19/09		7,375,000		7,347,541
JP Morgan Mortgage Acquisition Corp., Series 06-FRE2 A2
5.400%, 2/25/36 (l)		3,199,658		3,199,658
MBNA Credit Card Master Note Trust, Series 03-A6 A6
2.750%, 10/15/10		2,250,000		2,169,172
Series 03-A7 A7
2.650%, 11/15/10		6,150,000		5,909,672
Series 04-A4 A4
2.700%, 9/15/09		4,950,000		4,883,802
MBNA Master Credit Card Trust, Series 96-M A
5.535%, 4/15/09 (l)		7,055,000		7,056,510
Morgan Stanley Dean Witter Capital I, Series 02-HE1 A2
5.660%, 7/25/32 (l)		4,383		4,428
Nissan Auto Receivables Owner Trust, Series 06-B A3
5.160%, 2/15/10		10,225,000		10,225,137
Renaissance Home Equity Loan Trust, Series 03-2A
5.770%, 8/25/33 (l)		61,567		61,735
Series 03-3A
5.830%, 12/25/33 (l)		323,183		325,894
Residential Asset Mortgage Products, Inc., Series 05-EFC4 A1
5.440%, 9/25/35 (l)		3,596,274		3,596,853
Series 05-RZ4 A1
5.450%, 11/25/35 (l)		5,642,056		5,643,053
Series 06-RS2 A1
5.410%, 3/25/36 (l)		5,416,840		5,418,096
Salomon Brothers Mortgage Securities VII, Series 02-CIT1 A
5.630%, 3/25/32 (l)		139,622		139,975
Saxon Asset Securities Trust, Series 02-1 AV2
5.600%, 1/25/32 (l)		30,155		30,174

15

AXA PREMIER VIP TRUST

AXA PREMIER VIP CORE BOND PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2006 (Unaudited)

	Principal Amount		Value (Note 1)
SLM Student Loan Trust, Series 06-3 A1
5.465%, 1/25/13 (l)	$	6,763,270	$	6,763,676
Series 06-8 A1
5.370%, 4/25/12 (l)		10,350,000		10,350,000
Soundview Home Equity Loan Trust, Series 06-2 A1
5.400%, 3/25/36 (l)		4,509,929		4,510,691
Structured Asset Investment Loan Trust, Series 06-1 A1
5.410%, 1/25/36 (l)		6,237,785		6,238,894
Structured Asset Securities Corp., Series 02-HF1 A
5.620%, 1/25/33 (l)		99,101		99,728
Series 03-AL2 A
3.357%, 1/25/31 §		951,404		888,568
USAA Auto Owner Trust, Series 04-3 A3
3.160%, 2/17/09		5,191,457		5,144,826
Wells Fargo Home Equity Trust, Series 05-2 AII2
5.570%, 10/25/35 (l)		1,384,000		1,387,244
				267,880,226
Non-Agency CMO (12.3%)
Banc of America Alternative Loan Trust, Series 04-5 4A1
5.000%, 6/25/19		1,736,148		1,721,861
Series 04-6 4A1
5.000%, 7/25/19		1,694,254		1,672,274
Banc of America Commercial Mortgage, Inc., Series 00-1 A2A
7.333%, 11/15/31		6,310,000		6,654,565
Series 01-1 A2
6.503%, 4/15/36		4,603,946		4,798,872
Series 02-PB2 A2
5.676%, 6/11/35		10,375,585		10,396,256
Series 02-PB2 A4
6.186%, 6/11/35		5,320,000		5,551,787
Banc of America Funding Corp., Series 06-A 1A1
4.620%, 2/20/36 (l)		2,333,110		2,297,165
Banc of America Mortgage Securities, Series 02-K 2A1
5.405%, 10/20/32 (l)		69,824		70,001
Bear Stearns Adjustable Rate Mortgage Trust, Series 02-2 IIIA
6.784%, 6/25/31 (l)		2,684		2,705
Series 05-10 A2
4.750%, 10/25/35 (l)		2,500,000		2,442,543
Bear Stearns Alt-A Trust, Series 06-6 31A1
5.840%, 11/25/36 † (l)		5,900,000		5,870,039
Series 06-6 32A1
5.840%, 11/25/36 † (l)		6,200,000		6,204,844
Bear Stearns Commercial Mortgage Securities, Series 00-WF2 A2
7.320%, 10/15/32		2,890,000		3,090,410
Series 03-T12 A4
4.680%, 8/13/39		6,825,000		6,604,210
Chase Commercial Mortgage Securities Corp., Series 99-2 A2
7.198%, 1/15/32		530,000		557,535
Series 00-1 A2
7.757%, 4/15/32^		705,620		751,616
Series 00-3 A2
7.319%, 10/15/32		2,255,000		2,405,396
Citigroup Commercial Mortgage Trust, Series 05-EMG A2
4.221%, 9/20/51 §	$	5,700,000	$	5,565,802
Citigroup Mortgage Loan Trust, Inc., Series 06-AR1 1A1
4.900%, 10/25/35 (l)		9,989,083		9,867,687
Commercial Mortgage Acceptance Corp., Series 98-C2 A2
6.030%, 9/15/30		3,135,727		3,156,797
Commercial Mortgage Pass-Through Certificates, Series 00-C1 A2
7.416%, 8/15/33		6,190,000		6,542,120
Countrywide Alternative Loan Trust, Series 03-J3 2A1
6.250%, 12/25/33		398,466		397,573
Countrywide Asset-Backed Certificates, Series 05-IM2 A1
5.434%, 1/25/35 (l)		1,831,899		1,832,090
Countrywide Home Loan Mortgage Pass Through Trust, Series 03-R4 1A3
6.000%, 11/25/26 §		1,294,975		1,287,053
Series 03-R4 2A
6.500%, 1/25/34 §		393,038		401,047
Credit Suisse Mortgage Capital Certificates, Series 06-3 1A1A
5.420%, 4/25/36 (l)		5,437,575		5,439,090
CS First Boston Mortgage Securities Corp., Series 98-C1 A1B
6.480%, 5/17/40		7,170,174		7,286,180
Series 98-C2 A2
6.300%, 11/15/30		1,097,666		1,117,837
Series 02-CKS4 A2
5.183%, 11/15/36		7,435,000		7,426,480
Series 02-CP3 A3
5.603%, 7/15/35		7,210,000		7,339,978
Series 02-CP5 A2
4.940%, 12/15/35		6,905,000		6,786,438
Series 02-P1A A
5.351%, 3/25/32 † § (l)		58,308		58,326
Series 02-P2A A2
5.660%, 3/25/32 † § (l)		70,940		71,018
Series 02-P3A A1
5.880%, 8/25/33 † § (l)		112,245		112,252
Series 03-C3 A5
3.936%, 5/15/38		7,430,000		6,894,814
Series 05-C2 A4
4.832%, 4/15/37^		4,760,000		4,594,262
DLJ Commercial Mortgage Corp., Series 98-CF1 A1B
6.410%, 2/18/31		2,992,762		3,021,977
Series 99-CG1 A1B
6.460%, 3/10/32		275,000		282,021
Series 99-CG2 A1B
7.300%, 6/10/32		3,770,000		3,944,534
Series 00-CKP1 A1B
7.180%, 11/10/33		6,602,275		7,006,843
First Horizon Alternative Mortgage Securities, Series 06-FA2 1A5
6.000%, 5/25/36		9,600,000		9,698,877
First Republic Mortgage Loan Trust, Series 01-FRB1 A
5.680%, 11/15/31 (l)		886,949		892,905
First Union National Bank Commercial Mortgage, Series 01-C4 A2
6.223%, 12/12/33		6,520,000		6,797,485

16

AXA PREMIER VIP TRUST

AXA PREMIER VIP CORE BOND PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2006 (Unaudited)

	Principal Amount		Value (Note 1)
GE Capital Commercial Mortgage Corp., Series 02-3A A1
4.229%, 12/10/37	$	2,236,366	$	2,191,273
GMAC Commercial Mortgage Securities, Inc., Series 99-C2 A2
6.945%, 9/15/33^		323,725		335,857
Series 99-C3 A2
7.179%, 8/15/36		2,913,124		3,037,682
Series 00-C1 A2
7.724%, 3/15/33		3,900,000		4,165,350
Series 00-C2 A2
7.455%, 8/16/33		3,270,522		3,485,638
Series 00-C3 A2
6.957%, 9/15/35		5,125,000		5,441,060
Series 02-C3 A2
4.930%, 7/10/39		6,925,000		6,824,274
Greenwich Capital Commercial Funding Corp., Series 04-GG1 A4
4.755%, 6/10/36		1,205,000		1,191,518
GS Mortgage Securities Corp. II, Series 98-C1 A3
6.135%, 10/18/30		5,693,536		5,759,381
GSR Mortgage Loan Trust, Series 04-9 4A1
4.058%, 8/25/34 (l)		7,002,905		6,842,675
Series 05-AR6 2A1
4.540%, 9/25/35 (l)		2,631,214		2,594,776
Heller Financial Commercial Mortgage Asset Trust, Series 99-PH1 A2
6.847%, 5/15/31		458,943		471,997
Homebanc Mortgage Trust, Series 05-4 A1
5.600%, 10/25/35 (l)		3,928,441		3,934,104
Impac CMB Trust, Series 03-8 2A1
6.230%, 10/25/33 (l)		349,837		350,039
JPMorgan Chase Commercial Mortgage Securities Corp., Series 01-C1 A3
5.857%, 10/12/35		5,340,000		5,482,257
Series 01-CIB2 A3
6.429%, 4/15/35		1,295,000		1,358,086
Series 01-CIBC A3
6.260%, 3/15/33		5,260,000		5,449,745
LB Commercial Conduit Mortgage Trust, Series 98-C4 A1B
6.210%, 10/15/35		1,401,779		1,423,697
LB-UBS Commercial Mortgage Trust, Series 03-C7 A2
4.064%, 9/15/27 (l)		1,730,000		1,685,658
Series 06-C6 A4
5.372%, 9/15/39		6,760,000		6,769,288
MASTR Alternative Loans Trust, Series 04-4 1A1
5.500%, 5/25/34		3,150,403		3,118,180
Merrill Lynch Mortgage Investors, Inc., Series 03-A1 3A
4.910%, 12/25/32 (l)		605,944		602,176
Morgan Stanley Capital I,
Series 98-WF1 A2
6.550%, 3/15/30		1,031,656		1,039,963
Series 99-LIFE A2
7.110%, 4/15/33		6,975,000		7,296,407
Nationslink Funding Corp., Series 98-2 A2
6.476%, 8/20/30		7,110,233		7,218,896
Residential Accredit Loans, Inc., Series 03-QR19 CB1
5.750%, 10/25/33	$	782,547	$	780,311
Series 06-QS2 1A9
5.500%, 2/25/36		8,473,000		8,480,932
Salomon Brothers Mortgage Securities VII, Series 01-C2 A3
6.499%, 10/13/11		8,650,000		9,108,248
Sequoia Mortgage Trust, Series 03-4 2A1
5.680%, 7/20/33 (l)		446,392		449,868
Series 10 2A1
5.710%, 10/20/27 (l)		251,672		251,969
Structured Adjustable Rate Mortgage Loan Trust, Series 05-19XS 1A1
5.650%, 10/25/35 (l)		4,319,721		4,338,256
Structured Asset Mortgage Investments, Inc., Series 02-AR3 A1
5.660%, 9/19/32 (l)		121,398		121,492
Series 06-AR3 12A1
5.550%, 5/25/36 (l)		2,542,903		2,546,700
Structured Asset Securities Corp., Series 03-2
5.114%, 1/21/09 § (b)		2,564,635		2,563,833
Terra LNR Ltd., Series 06-1A A1
5.460%, 6/15/17 § (l)		5,443,483		5,443,483
TIAA Retail Commercial Trust, Series 01-C1A A4
6.680%, 6/19/31 §		9,155,000		9,491,373
Wachovia Bank Commercial Mortgage Trust, Series 05-C17 APB
5.037%, 3/15/42		5,110,000		5,046,484
Washington Mutual, Inc., Series 02-AR6 A
5.963%, 6/25/42 (l)		321,232		321,859
Series 02-AR9 1A
5.963%, 8/25/42 (l)		411,482		412,975
Series 02-AR10 A6
4.816%, 10/25/32 (l)		269,051		267,309
Series 03-R1 A1
5.600%, 12/25/27 (l)		1,763,916		1,763,234
Wells Fargo Mortgage Backed Securities Trust, Series 04-K 1A2
4.475%, 7/25/34 (l)		6,059,301		5,912,770
				314,284,638
Total Asset-Backed and Mortgage-Backed Securities				582,164,864
Consumer Discretionary (0.7%)
Automobiles (0.0%)
DaimlerChrysler N.A. Holding Corp.
4.050%, 6/4/08		200,000		195,302
Hotels, Restaurants & Leisure (0.1%)
Caesars Entertainment, Inc.
7.500%, 9/1/09		500,000		522,632
Mandalay Resort Group, Series B
10.250%, 8/1/07^		1,100,000		1,135,750
				1,658,382
Household Durables (0.0%)
D.R. Horton, Inc.
6.120%, 1/15/14^		975,000		951,412
Media (0.5%)
BSKYB Finance UK plc
6.500%, 10/15/35 §		160,000		156,604

17

AXA PREMIER VIP TRUST

AXA PREMIER VIP CORE BOND PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2006 (Unaudited)

	Principal Amount		Value (Note 1)
Comcast Cable Communications Holdings, Inc.
8.375%, 3/15/13	$	1,020,000	$	1,163,500
Comcast Corp.
6.500%, 1/15/15		969,000		1,011,507
6.500%, 1/15/17		2,550,000		2,661,795
7.050%, 3/15/33		15,000		16,062
6.500%, 11/15/35		1,235,000		1,243,602
COX Communications, Inc.
7.125%, 10/1/12^		115,000		122,558
Historic TW, Inc.
6.625%, 5/15/29^		200,000		199,958
News America Holdings, Inc.
7.750%, 1/20/24		145,000		160,360
8.500%, 2/23/25		775,000		913,832
8.450%, 8/1/34		245,000		296,166
News America, Inc.
7.125%, 4/8/28		275,000		287,700
TCI Communications, Inc.
7.875%, 8/1/13		130,000		145,265
7.875%, 2/15/26		820,000		923,562
7.125%, 2/15/28		360,000		377,889
Time Warner Cos., Inc.
7.570%, 2/1/24		10,000		10,822
6.950%, 1/15/28^		2,910,000		2,999,500
Time Warner, Inc.
6.750%, 4/15/11		135,000		141,194
7.700%, 5/1/32		598,000		667,809
Turner Broadcasting System, Inc.
8.375%, 7/1/13		65,000		73,053
				13,572,738
Multiline Retail (0.1%)
Federated Department Stores, Inc.
6.790%, 7/15/27		610,000		613,980
May Department Stores Co.
6.650%, 7/15/24		205,000		205,185
7.875%, 3/1/30		160,000		180,808
6.700%, 7/15/34^		155,000		154,205
8.125%, 8/15/35		500,000		540,324
				1,694,502
Total Consumer Discretionary				18,072,336
Energy (0.7%)
Energy Equipment & Services (0.3%)
Halliburton Co.
5.500%, 10/15/10		1,100,000		1,106,680
7.600%, 8/15/96		525,000		606,996
Transocean, Inc.
5.591%, 9/5/08 (l)		6,200,000		6,200,099
				7,913,775
Oil, Gas & Consumable Fuels (0.4%)
Anadarko Petroleum Corp.
6.450%, 9/15/36		3,600,000		3,677,145
ConocoPhillips
5.510%, 4/11/07 (l)		2,700,000		2,700,289
7.000%, 3/30/29		30,000		34,408
El Paso Corp.
7.625%, 8/16/07		900,000		911,250
EnCana Holdings Finance Corp.
5.800%, 5/1/14		400,000		403,072
Enterprise Products Operating LP
4.000%, 10/15/07		575,000		566,256
Tosco Corp.
7.250%, 1/1/07		400,000		401,337
				8,693,757
Total Energy				16,607,532
Financials (11.0%)
Capital Markets (1.1%)
Goldman Sachs Group, Inc.
5.668%, 6/28/10 (l)	$	10,000,000	$	10,050,180
Lehman Brothers Holdings, Inc.
5.750%, 7/18/11^		2,375,000		2,419,282
Morgan Stanley
5.440%, 3/7/08 (l)		8,575,000		8,581,843
5.050%, 1/21/11^		2,315,000		2,293,987
6.750%, 4/15/11		800,000		845,789
5.625%, 1/9/12		2,850,000		2,886,927
5.300%, 3/1/13		300,000		299,538
				27,377,546
Commercial Banks (4.6%)
Asahi Financial Co.
5.618%, 3/27/49 †		1,000,000		1,012,501
Bank of New York
3.800%, 2/1/08		1,200,000		1,178,503
Bank One N.A./Illinois
3.700%, 1/15/08 (a)		1,250,000		1,225,854
Bank One NA/Texas
6.250%, 2/15/08		1,000,000		1,012,260
BankBoston N.A.
6.375%, 4/15/08 (a)		625,000		635,798
Barclays Bank plc/New York
5.400%, 3/13/09 (l)		14,025,000		14,026,178
Charter One Bank N.A.
5.540%, 4/24/09 (l)		5,600,000		5,602,380
Depfa ACS Bank
3.625%, 10/29/08^		2,000,000		1,947,010
Eksportfinans A/S
3.375%, 1/15/08		4,070,000		3,979,687
HBOS plc
3.125%, 1/12/07 §		950,000		944,030
HBOS Treasury Services plc
3.600%, 8/15/07 §		780,000		768,530
3.500%, 11/30/07 §		1,285,000		1,260,237
5.547%, 7/17/09 § (l)		2,600,000		2,600,507
HSBC Bank USA N.A.
3.870%, 6/7/07		6,725,000		6,657,394
HSBC Capital Funding LP
4.610%, 12/31/49 § (l)		550,000		509,853
L-Bank Landeskreditbank Baden-Wuerttemberg Foerderbank
4.250%, 9/15/10		3,950,000		3,857,384
National Australia Bank Ltd.
5.430%, 9/14/09 § (b) (l)		6,200,000		6,198,915
National City Bank/Indiana
3.300%, 5/15/07		500,000		493,031
National Westminster Bank plc/ United Kingdom
7.375%, 10/1/09		725,000		771,970
NRW Bank
0.050%, 3/20/07	JPY	1,969,000,000		16,654,506
PNC Financial Services
8.625%, 12/31/26 §	$	2,000,000		2,097,480
Rabobank Capital Funding II
5.260%, 12/29/49 § (l)		780,000		763,358
Rabobank Nederland
5.370%, 4/6/09 § (l)		15,950,000		15,951,723
Royal Bank of Scotland plc
5.520%, 4/11/08 § (l)		2,700,000		2,701,485
Sumitomo Mitsui Banking Corp.
5.625%, 7/29/49 § (l)		300,000		291,966
Suntrust Bank
4.415%, 6/15/09		980,000		961,381
SunTrust Banks, Inc.
3.625%, 10/15/07^		845,000		830,528

18

AXA PREMIER VIP TRUST

AXA PREMIER VIP CORE BOND PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2006 (Unaudited)

	Principal Amount		Value (Note 1)
4.000%, 10/15/08	$	895,000	$	874,663
U.S. Bancorp
3.950%, 8/23/07		100,000		98,831
U.S. Bank N.A.
2.870%, 2/1/07		555,000		550,149
2.400%, 3/12/07		825,000		813,383
4.400%, 8/15/08		2,270,000		2,244,646
Wachovia Bank N.A.
4.375%, 8/15/08		270,000		266,207
5.429%, 3/23/09 (l)		13,825,000		13,822,028
Wachovia Corp.
6.300%, 4/15/08 (l)		1,165,000		1,182,414
Wells Fargo & Co.
4.200%, 1/15/10		1,950,000		1,894,458
4.625%, 8/9/10		2,390,000		2,352,546
4.875%, 1/12/11^		460,000		455,630
				119,489,404
Consumer Finance (0.8%)
Ford Motor Credit Co.
7.875%, 6/15/10		3,400,000		3,311,185
GMAC LLC
6.407%, 1/16/07 (l)		6,250,000		6,244,988
6.243%, 3/20/07 (l)		1,130,000		1,126,185
HSBC Finance Corp.
5.531%, 12/5/08^ (l)		2,500,000		2,506,910
6.450%, 2/1/09		65,000		66,654
4.750%, 5/15/09		450,000		445,921
SLM Corp.
5.625%, 7/27/09 (l)		5,900,000		5,905,499
				19,607,342
Diversified Financial Services (4.2%)
Associates Corp. of North America
6.250%, 11/1/08 (a)		650,000		663,090
6.875%, 11/15/08		4,100,000		4,236,571
Bank of America Corp.
4.750%, 10/15/06^		2,761,000		2,760,149
6.250%, 4/1/08		425,000		431,137
5.576%, 2/17/09 (l)		9,055,000		9,083,813
5.399%, 3/24/09 (l)		8,275,000		8,280,801
Belvoir Land LLC
5.270%, 12/15/47 §		825,000		773,306
Caterpillar Financial Services Corp.
5.454%, 8/11/09 (l)		6,100,000		6,097,487
CIT Group, Inc.
5.608%, 5/23/08 (l)		5,900,000		5,918,066
Citigroup Global Markets Holdings, Inc.
5.490%, 3/17/09 (l)		9,800,000		9,808,301
Citigroup, Inc.
3.500%, 2/1/08		2,615,000		2,559,104
3.625%, 2/9/09		980,000		948,434
6.200%, 3/15/09		905,000		927,497
4.125%, 2/22/10		6,580,000		6,382,626
4.625%, 8/3/10		485,000		476,610
6.125%, 8/25/36		1,600,000		1,645,594
General Electric Capital Corp.
3.450%, 7/16/07		700,000		690,517
5.550%, 1/15/08 (l)		13,175,000		13,187,187
5.490%, 6/15/09 (l)		5,100,000		5,111,393
4.125%, 9/1/09		1,055,000		1,029,080
5.506%, 5/10/10 (l)		3,700,000		3,700,237
5.000%, 11/15/11		12,270,000		12,173,840
Irwin Land LLC
5.030%, 12/15/25 §		725,000		676,019
5.300%, 12/15/35		1,195,000		1,116,919
JPMorgan Chase & Co.
4.000%, 2/1/08		740,000		727,908
6.375%, 2/15/08	$	775,000	$	785,657
MassMutual Global Funding II
2.550%, 7/15/08 §		850,000		811,196
Nationwide Building Society
2.625%, 1/30/07 §		375,000		371,720
3.500%, 7/31/07 §		1,975,000		1,945,742
4.250%, 2/1/10 §		295,000		286,148
New York Life Global Funding
3.875%, 1/15/09 §		775,000		753,100
Pemex Finance Ltd.
9.030%, 2/15/11 (a)		100,000		107,311
Pricoa Global Funding I
4.350%, 6/15/08 §		1,275,000		1,254,281
Racers, Series 97-R-8-3
5.705%, 8/15/07 † § (b) (l)		800,000		798,858
TIAA Global Markets, Inc.
3.875%, 1/22/08 §		615,000		604,671
UFJ Finance Aruba AEC
6.750%, 7/15/13		310,000		331,764
USAA Capital Corp.
4.000%, 12/10/07 §		975,000		957,717
				108,413,851
Insurance (0.2%)
Berkshire Hathaway Finance Corp.
3.400%, 7/2/07		2,140,000		2,111,660
4.125%, 1/15/10		85,000		82,580
4.750%, 5/15/12		760,000		743,448
Metropolitan Life Global Funding I
4.750%, 6/20/07 §		200,000		199,149
Monumental Global Funding III
5.200%, 1/30/07 §		1,175,000		1,174,107
				4,310,944
Real Estate Investment Trusts (REIT) (0.1%)
AvalonBay Communities, Inc. (REIT)
6.625%, 9/15/11 (a)		270,000		284,312
Host Marriott LP (REIT)
9.250%, 10/1/07		1,300,000		1,340,625
Rouse Co. (REIT)
3.625%, 3/15/09		1,160,000		1,095,182
				2,720,119
Real Estate Management & Development (0.0%)
ERP Operating LP
6.625%, 3/15/12^		445,000		470,941
Total Financials				282,390,147
Government Securities (59.4%)
Agency CMO (6.2%)
Federal Home Loan Mortgage Corp.
4.500%, 12/15/13		4,577,199		4,529,907
4.500%, 2/15/15		4,525,605		4,471,007
4.500%, 1/15/16		4,810,249		4,733,198
5.000%, 6/15/16		2,469,382		2,461,413
5.000%, 11/15/17		2,660,000		2,611,295
5.000%, 12/15/19		4,921,863		4,899,984
4.500%, 10/15/23		5,300,000		5,224,488
5.500%, 2/15/26		5,408,613		5,422,633
5.500%, 4/15/26		7,661,283		7,675,879
5.500%, 2/15/27		8,959,068		8,978,118
5.500%, 5/15/29		24,314,441		24,288,313
5.680%, 12/15/29 (l)		31,540		31,693
5.500%, 1/15/31		3,393,780		3,403,988
5.500%, 7/15/33		178,824		179,331
5.500%, 10/15/33		2,826,200		2,836,386
5.500%, 4/15/35		5,366,077		5,388,641
5.500%, 6/15/35		3,638,565		3,652,078
5.000%, 8/1/35 IO		8,262,723		2,014,039

19

AXA PREMIER VIP TRUST

AXA PREMIER VIP CORE BOND PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2006 (Unaudited)

	Principal Amount		Value (Note 1)
5.500%, 8/1/35 IO	$	9,853,887	$	2,390,948
5.500%, 2/1/36 IO		10,932,438		2,756,123
6.500%, 7/25/43		992,513		1,014,374
Federal National Mortgage Association
4.500%, 2/25/17		2,832,361		2,773,979
4.500%, 3/25/17		1,619,769		1,585,938
3.500%, 4/25/17		314,579		312,432
5.000%, 3/25/18		1,190,000		1,159,228
5.500%, 9/25/24		10,935,663		10,930,925
5.500%, 5/25/27		6,669,576		6,675,421
5.500%, 9/25/27		7,326,650		7,331,990
6.000%, 8/25/28		2,757,778		2,770,172
5.500%, 2/25/29		7,449,238		7,459,387
5.310%, 8/25/33		2,900,000		2,875,010
5.500%, 12/25/33		4,452,266		4,446,866
5.500%, 1/25/34		3,602,872		3,598,635
5.500%, 7/1/34		366,779		362,047
6.500%, 7/25/34		2,601,977		2,663,798
5.500%, 2/25/35		3,219,334		3,230,140
5.500%, 8/25/35		1,038,335		1,039,823
Government National Mortgage Association
6.500%, 6/20/32		197,573		204,197
				158,383,824
Foreign Governments (1.2%)
Export-Import Bank of China
5.250%, 7/29/14 §		3,700,000		3,657,028
Federative Republic of Brazil
7.125%, 1/20/37		100,000		102,100
11.000%, 8/17/40		3,800,000		4,944,940
Israel Government AID Bond
5.500%, 4/26/24		1,950,000		2,031,407
5.500%, 9/18/33		1,945,000		2,035,987
Republic of Chile
5.500%, 1/15/13		1,000,000		1,006,000
Republic of Croatia
6.375%, 7/31/10 (l)		823,636		828,166
Republic of Italy
0.375%, 10/10/06	JPY	148,000,000		1,253,595
3.800%, 3/27/08		364,000,000		3,225,389
Republic of Panama
9.625%, 2/8/11	$	350,000		400,488
Republic of Peru
9.125%, 1/15/08		400,000		418,000
Republic of South Africa
7.375%, 4/25/12		60,000		65,193
6.500%, 6/2/14^		1,480,000		1,554,000
Russian Federation
5.000%, 3/31/30 (m) (e)		2,850,000		3,180,885
Swedish Export Credit AB
2.875%, 1/26/07^		850,000		843,821
United Mexican States
6.200%, 1/13/09 (l)		950,000		959,975
10.375%, 2/17/09		1,352,000		1,508,900
6.625%, 3/3/15		1,465,000		1,556,562
8.000%, 9/24/22^		1,175,000		1,407,062
11.500%, 5/15/26		55,000		87,093
8.300%, 8/15/31		265,000		330,455
7.500%, 4/8/33		390,000		449,865
				31,846,911
Municipal Bonds (0.2%)
City of Chicago, Illinois
6.245%, 1/1/14 § (l)		200,000		206,672
Golden State Tobacco Securitization Corp.
6.750%, 6/1/39		730,000		823,973
7.900%, 6/1/42		230,000		281,674
Los Gatos, California Union School District
5.000%, 8/1/30	$	160,000	$	167,421
New York City Municipal Water Finance Authority
6.270%, 6/15/34 § (l)		100,000		109,998
Tobacco Settlement Financing Corp./ New Jersey
6.000%, 6/1/37		250,000		266,292
6.750%, 6/1/39		795,000		890,050
6.250%, 6/1/43		1,930,000		2,105,997
				4,852,077
U.S. Government Agencies (45.4%)
Federal Farm Credit Bank
4.100%, 6/16/11		200,000		192,209
Federal Home Loan Bank
2.850%, 6/26/08		2,000,000		1,926,592
4.010%, 9/17/08		3,000,000		2,943,150
4.000%, 1/16/09 (e)		1,800,000		1,760,677
3.000%, 4/20/09 (e)		1,800,000		1,757,806
4.120%, 11/9/09		600,000		584,644
4.125%, 1/5/10		500,000		486,631
4.500%, 6/22/10		10,900,000		10,732,707
4.500%, 6/12/13		3,700,000		3,562,049
4.625%, 9/11/20		32,800,000		31,168,167
Federal Home Loan Mortgage Corp.
6.875%, 7/15/08		9,543		9,681
4.000%, 10/7/09		2,000,000		1,940,324
4.000%, 6/1/10		1,218,606		1,173,715
4.625%, 5/28/13		850,000		821,906
6.000%, 1/1/14		38,630		38,956
5.500%, 2/1/14		407,085		408,790
6.000%, 7/1/14		21,807		22,022
6.000%, 2/1/17		783,100		794,406
6.000%, 3/1/17		6,637		6,732
6.500%, 3/1/17		97,377		99,450
6.000%, 4/1/17		724,706		735,171
6.000%, 5/1/17		4,594		4,660
6.000%, 7/1/17		101,300		102,760
6.000%, 8/1/17		133,412		135,339
5.500%, 11/1/17		148,939		149,229
4.500%, 4/1/19		317,257		306,088
4.000%, 5/1/19		37,209		35,165
4.500%, 5/1/19		1,875,836		1,809,796
4.500%, 6/1/19		655,973		633,265
4.500%, 8/1/19		72,245		69,701
4.500%, 11/1/19		1,626,419		1,569,160
4.500%, 2/1/20		24,872		23,969
4.500%, 5/1/20		123,135		118,665
4.500%, 8/1/20		3,697,508		3,567,336
4.000%, 9/1/20		94,023		88,635
5.000%, 10/1/20		6,873,541		6,754,560
5.500%, 3/1/23		79,166		78,868
6.500%, 4/1/31		1,428		1,461
5.500%, 11/1/31		1,562,272		1,547,313
5.716%, 11/1/31 (l)		70,385		71,329
5.500%, 11/1/32		818,803		810,963
5.500%, 1/1/33		129,170		127,834
5.500%, 2/1/33		808,201		799,837
5.500%, 3/1/33		52,913		52,332
5.500%, 4/1/33		74,885		74,062
5.500%, 5/1/33		25,777		25,494
5.500%, 10/1/33		81,382		80,488
5.000%, 4/1/34		4,432,476		4,271,322
4.777%, 1/1/35 (l)		6,058,087		5,916,460
5.500%, 10/1/35		897,054		885,099
5.362%, 4/1/36 (l)		5,876,171		5,879,328
5.540%, 4/1/36 (l)		9,292,361		9,289,538

20

AXA PREMIER VIP TRUST

AXA PREMIER VIP CORE BOND PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2006 (Unaudited)

	Principal Amount		Value (Note 1)
5.000%, 5/1/36	$	691,877	$	665,447
4.500%, 10/15/21 TBA		4,700,000		4,526,687
5.500%, 10/15/36 TBA		80,000,000		78,875,040
6.000%, 10/15/36 TBA		4,300,000		4,321,500
Federal National Mortgage Association
4.000%, 10/16/06		7,200,000		7,195,358
2.710%, 1/30/07		12,775,000		12,667,383
2.350%, 4/5/07		6,220,000		6,128,939
3.740%, 2/24/09		10,600,000		10,315,793
3.125%, 3/16/09^		2,180,000		2,089,813
4.040%, 3/16/09		500,000		489,131
4.000%, 7/23/09		187,000		182,265
7.250%, 1/15/10^		8,625,000		9,231,329
5.570%, 12/15/10		16,750,000		16,721,793
4.000%, 11/28/11		4,100,000		3,915,980
4.625%, 5/1/13^		5,650,000		5,478,054
5.125%, 1/2/14^		2,575,000		2,567,857
7.000%, 4/1/15		94,831		97,723
6.000%, 2/1/16		2,803,063		2,848,711
6.000%, 3/1/16		477,638		485,416
7.000%, 4/1/16		113,343		116,326
5.500%, 2/1/17		551,325		552,550
5.500%, 6/1/17		179,882		180,282
5.500%, 8/1/17		169,933		170,310
5.500%, 10/1/17		137,000		137,304
5.500%, 12/1/17		8,881		8,900
5.000%, 1/1/18		3,789,741		3,736,732
5.500%, 1/1/18		489,576		490,664
5.000%, 3/1/18		4,630,128		4,562,355
4.500%, 4/1/18		460,636		445,806
5.500%, 4/1/18		1,077,695		1,079,562
4.500%, 5/1/18		622,279		602,421
5.000%, 6/1/18		656,667		647,055
4.500%, 10/1/18		346,873		335,705
5.000%, 10/1/18		20,998		20,691
5.500%, 10/1/18		14,930		14,956
5.500%, 11/1/18		6,106,079		6,119,639
5.000%, 12/1/18		9,381,766		9,250,539
5.000%, 1/1/19		685,847		675,808
5.500%, 3/1/19		598,270		599,369
5.000%, 5/1/19		615,481		605,809
4.000%, 6/1/19		7,738,721		7,323,965
5.000%, 6/1/19		67,581		66,500
5.500%, 7/1/19		31,536		31,591
5.000%, 12/1/19		9,578,558		9,424,539
5.500%, 6/1/20		575,951		575,897
5.500%, 10/1/20		972,534		972,443
5.500%, 1/1/21		1,075,196		1,074,709
6.000%, 1/1/21		2,277,963		2,312,918
5.500%, 2/1/21		367,971		367,804
5.000%, 3/1/21		7,203,564		7,098,123
6.000%, 4/1/21		16,760,923		17,018,120
6.556%, 1/1/28 (l)		245,760		249,796
6.500%, 2/1/31		1,402		1,433
6.500%, 8/1/31		757		774
7.000%, 8/1/31		55,691		57,388
7.000%, 3/1/32		71,069		73,146
7.000%, 4/1/32		197,052		202,971
7.000%, 5/1/32		11,663		12,004
6.500%, 6/1/32		217,793		222,599
7.000%, 7/1/32		59,386		61,140
6.500%, 8/1/32		281,003		287,313
6.500%, 9/1/32		2,527,323		2,583,089
7.000%, 10/1/32		61,423		63,264
5.500%, 11/1/32		582,522		575,887
6.500%, 11/1/32		372,412		380,629
6.500%, 12/1/32		99,532		101,728
5.500%, 1/1/33		1,183,308		1,169,830
5.500%, 2/1/33	$	2,396,397	$	2,368,807
5.009%, 3/1/33 (l)		274,182		275,575
5.500%, 3/1/33		240,903		238,007
5.500%, 4/1/33		2,895,485		2,860,678
5.500%, 6/1/33		33,024,259		32,628,738
5.500%, 7/1/33		143,621		141,894
5.500%, 8/1/33		155,238		153,372
5.500%, 10/1/33		1,128,546		1,114,979
6.500%, 10/1/33		8,684		8,863
5.500%, 11/1/33		1,075,685		1,062,754
5.500%, 12/1/33		465,165		459,573
5.500%, 2/1/34		12,048,301		11,902,002
6.000%, 2/1/34		4,867,571		4,900,712
5.500%, 3/1/34		7,658,263		7,559,450
5.500%, 4/1/34		15,226,538		15,043,365
5.500%, 5/1/34		16,583,186		16,373,961
5.500%, 6/1/34		17,728,139		17,499,723
5.500%, 7/1/34		15,730,856		15,529,394
5.500%, 8/1/34		845,488		835,009
6.000%, 8/1/34		3,014,269		3,034,792
5.500%, 9/1/34		20,317,753		20,055,598
7.000%, 9/1/34		86,336		88,728
5.500%, 11/1/34		46,156,537		45,560,993
5.500%, 12/1/34		440,034		434,356
5.500%, 1/1/35		61,628,245		60,833,073
5.500%, 2/1/35		57,697,471		57,004,366
5.500%, 3/1/35		20,762,779		20,468,187
6.000%, 4/1/35		16,001,501		16,119,547
5.500%, 5/1/35		577,821		570,875
5.000%, 10/1/35		607,614		584,231
5.500%, 10/1/35		1,905,478		1,878,209
5.000%, 11/1/35		11,352,783		10,915,893
5.500%, 11/1/35		2,438,106		2,403,214
5.500%, 12/1/35		9,749,571		9,623,775
5.213%, 1/1/36 (l)		4,820,586		4,809,824
5.500%, 6/1/36		37,699,053		37,142,504
5.500%, 7/1/36		497,548		490,202
6.500%, 7/1/36		5,936,244		6,045,246
6.500%, 8/1/36		6,000,001		6,110,173
6.500%, 9/1/36		4,000,000		4,073,448
6.500%, 10/1/36		1,000,000		1,018,362
6.633%, 12/1/40 (l)		275,256		280,800
4.500%, 10/25/21 TBA		7,000,000		6,752,816
5.000%, 10/25/21 TBA		29,000,000		28,492,500
5.500%, 10/25/21 TBA		27,300,000		27,282,937
5.500%, 11/25/21 TBA		36,000,000		35,966,232
5.000%, 10/25/36 TBA		28,000,000		26,906,264
6.000%, 10/25/36 TBA		23,700,000		23,803,687
6.500%, 10/25/36 TBA		200,500,000		204,134,062
Government National Mortgage Association
4.750%, 7/20/27 (l)		15,343		15,459
6.000%, 11/15/28		27,469		27,881
6.000%, 1/15/29		77,343		78,442
6.000%, 2/15/29		25,969		26,338
6.500%, 5/15/29		41,201		42,381
6.000%, 6/15/29		31,254		31,698
7.000%, 9/15/31		61,347		63,377
7.000%, 10/15/31		10,589		10,936
6.000%, 11/15/31		18,274		18,525
6.000%, 12/15/31		108,425		109,911
7.000%, 2/15/32		44,259		45,707
7.000%, 2/15/32		1,996		2,062
7.000%, 4/15/32		33,170		34,255
7.000%, 5/15/32		34,685		35,829
7.000%, 2/15/33		62,299		64,322
5.500%, 4/15/33		172,558		171,578
6.000%, 12/15/35		495,497		501,577

21

AXA PREMIER VIP TRUST

AXA PREMIER VIP CORE BOND PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2006 (Unaudited)

	Principal Amount		Value (Note 1)
Housing Urban Development
5.380%, 8/1/18	$	1,660,000	$	1,658,073
Resolution Funding Strip
(Zero Coupon), 7/15/18		75,000		42,164
(Zero Coupon), 10/15/18		75,000		41,603
Small Business Administration,
4.524%, 2/10/13		959,441		928,871
4.628%, 3/10/13		807,024		784,420
4.504%, 2/1/14		898,882		871,228
Small Business Administration Participation Certificates, Series 04-20A 1
4.930%, 1/1/24		833,966		821,700
Series 04-20C 1
4.340%, 3/1/24		5,187,215		4,932,786
Series 05-20B 1
4.625%, 2/1/25		453,019		436,540
				1,163,551,856
U.S. Treasuries (6.4%)
BECCS Callable
0.000%, 11/15/11 (e)		26,000,000		25,841,660
U.S. Treasury Bonds
4.500%, 2/15/36		215,000		206,014
Inflation Indexed
2.500%, 7/15/16		5,515,898		5,626,216
2.375%, 1/15/25^		7,857,886		7,984,351
2.000%, 1/15/26^		19,851,062		19,038,399
U.S. Treasury Notes
4.000%, 3/15/10^		17,800,000		17,462,085
4.500%, 11/15/10^		61,300,000		61,089,251
4.625%, 8/31/11^		585,000		585,640
5.125%, 5/15/16		600,000		622,406
4.875%, 8/15/16		12,840,000		13,082,753
Inflation Indexed
2.000%, 7/15/14		5,828,652		5,712,533
U.S. Treasury STRIPS Principal
11/15/27^ PO		23,265,000		8,421,232
				165,672,540
Total Government Securities				1,524,307,208
Health Care (0.0%)
Pharmaceuticals (0.0%)
Bristol-Myers Squibb Co.
6.875%, 8/1/97		150,000		161,078
Wyeth
5.500%, 2/15/16		800,000		799,361
Total Health Care				960,439
Industrials (0.3%)
Aerospace & Defense (0.1%)
Northrop Grumman Corp.
4.079%, 11/16/06		1,855,000		1,851,818
Airlines (0.1%)
Continental Airlines, Inc.
7.056%, 9/15/09		850,000		877,760
Delta Air Lines, Inc.
7.570%, 11/18/12 (h)		500,000		500,625
United Air Lines, Inc.
6.602%, 9/1/13		316,180		316,970
				1,695,355
Industrial Conglomerates (0.1%)
General Electric Co.
5.000%, 2/1/13		1,081,000		1,068,786
Tyco International Group S.A.
6.375%, 10/15/11	$	1,535,000	$	1,609,127
				2,677,913
Total Industrials				6,225,086
Information Technology (0.2%)
Computers & Peripherals (0.1%)
Hewlett Packard Co.
5.524%, 5/22/09 (l)		1,400,000		1,401,522
Software (0.1%)
Oracle Corp.
5.250%, 1/15/16		3,120,000		3,070,292
Total Information Technology				4,471,814
Materials (0.1%)
Metals & Mining (0.0%)
Teck Cominco Ltd.
6.125%, 10/1/35		1,075,000		1,032,685
Paper & Forest Products (0.1%)
GP Canada Finance Co.
7.200%, 12/15/06 §		1,200,000		1,212,000
Koch Forest Products, Inc.
7.350%, 12/20/12 (l)		47,619		47,707
7.367%, 12/20/12 (l)		90,238		90,404
7.367%, 12/20/12 (b) (l)		95,238		95,413
7.390%, 12/20/12 (l)		761,905		763,307
				2,208,831
Total Materials				3,241,516
Telecommunication Services (1.3%)
Diversified Telecommunication Services (0.8%)
AT&T Corp.
7.300%, 11/15/11		38,000		41,188
8.000%, 11/15/31		698,000		853,134
AT&T, Inc.
4.214%, 6/5/07 §		5,000,000		4,958,600
BellSouth Corp.
5.580%, 8/15/08 (l)		3,000,000		3,000,576
Citizens Communications Co.
9.000%, 8/15/31^		65,000		69,712
Deutsche Telekom International Finance B.V.
8.250%, 6/15/30		340,000		415,375
GTE Corp.
6.940%, 4/15/28		225,000		233,035
New England Telephone & Telegraph
7.875%, 11/15/29		25,000		27,134
Qwest Communications International, Inc.
8.905%, 2/15/09 (l)		1,000,000		1,018,750
Qwest Corp.
7.625%, 6/15/15^		1,580,000		1,639,250
Sprint Capital Corp.
8.750%, 3/15/32		375,000		457,312
Telecom Italia Capital S.A.
5.250%, 10/1/15		1,575,000		1,459,404
6.000%, 9/30/34^		435,000		388,915
7.200%, 7/18/36		1,075,000		1,104,880
Telefonica Emisones S.A.U.
6.421%, 6/20/16		1,050,000		1,080,268
7.045%, 6/20/36		950,000		1,002,561
Telefonica Europe B.V.
7.750%, 9/15/10		550,000		593,774
Verizon Communications, Inc.
5.350%, 2/15/11^		600,000		601,600
7.750%, 6/15/32		425,000		487,004

22

AXA PREMIER VIP TRUST

AXA PREMIER VIP CORE BOND PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2006 (Unaudited)

	Principal Amount		Value (Note 1)
Verizon Maryland, Inc.
5.125%, 6/15/33^	$	465,000	$	377,111
Verizon New Jersey, Inc.
5.875%, 1/17/12		1,040,000		1,050,509
				20,860,092
Wireless Telecommunication Services (0.5%)
Vodafone Group plc
5.427%, 6/29/07 (l)		5,700,000		5,699,572
5.457%, 12/28/07 (l)		4,165,000		4,165,821
7.750%, 2/15/10		1,985,000		2,128,504
				11,993,897
Total Telecommunication Services				32,853,989
Utilities (0.6%)
Electric Utilities (0.3%)
Appalachian Power Co.
3.600%, 5/15/08		650,000		632,421
CenterPoint Energy Resources Corp.
6.150%, 5/1/16^		1,000,000		1,021,480
Dayton Power & Light Co.
5.125%, 10/1/13		900,000		884,048
Florida Power & Light Co.
4.950%, 6/1/35		875,000		778,745
Florida Power Corp.
5.900%, 3/1/33		275,000		274,398
Jersey Central Power & Light Co.
7.500%, 5/1/23		1,620,000		1,647,849
Pepco Holdings, Inc.
6.450%, 8/15/12^		2,130,000		2,204,318
Scottish Power plc
4.910%, 3/15/10		1,100,000		1,081,897
				8,525,156
Gas Utilities (0.0%)
Southern Natural Gas Co.
6.125%, 9/15/08		300,000		300,019
Multi-Utilities (0.3%)
CMS Energy Corp.
9.875%, 10/15/07^		1,030,000		1,069,913
8.900%, 7/15/08^		1,200,000		1,257,000
Consolidated Natural Gas Co.
5.000%, 3/1/14		250,000		238,326
Dominion Resources, Inc.
5.664%, 9/28/07 (l)		2,400,000		2,400,650
5.125%, 12/15/09		150,000		149,021
7.195%, 9/15/14		315,000		343,006
Energy East Corp.
6.750%, 7/15/36		950,000		994,392
Ipalco Enterprises, Inc.
8.375%, 11/14/08		190,000		195,225
PSEG Power LLC
6.950%, 6/1/12		400,000		424,269
Texas Eastern Transmission LP
5.250%, 7/15/07		120,000		119,546
				7,191,348
Total Utilities				16,016,523
Total Long-Term Debt Securities (97.0%) (Cost $2,495,320,578)				2,487,311,454
SHORT-TERM INVESTMENTS:
Commercial Paper (8.0%)
Bank of America Corp.
5.15%, 12/6/06 (p)		28,500,000		28,229,250
5.24%, 1/12/07 (p)		500,000		492,550
Citigroup Funding, Inc.
5.18%, 11/13/06 (p)		34,100,000		33,885,271
Danske Corp.
5.17%, 12/27/06 (n) (p)		31,600,000		31,205,316
Skandinaviska Enskilda Banken
5.06%, 11/15/06 (n) (p)	$	33,500,000	$	33,284,764
Societe Generale Northern America, Inc.
5.03%, 10/11/06 (p)		2,000,000		1,996,931
5.11%, 12/1/06 (p)		34,200,000		33,901,776
Total Capital S.A.
5.36%, 10/2/06 (b) (n) (p)		5,800,000		5,798,273
UBS Finance Delaware LLC
5.03%, 10/11/06 (p)		900,000		898,619
5.14%, 10/26/06 (p)		1,100,000		1,095,935
5.12%, 11/16/06 (p)		1,100,000		1,092,694
5.20%, 1/8/07 (p)		34,500,000		34,008,720
Total Commercial Paper				205,890,099
Government Securities (7.7%)
Belgium Kingdom
2.79%, 10/12/06 (p)	EUR	5,000,000		6,327,863
Dutch Treasury Certificates
2.81%, 10/31/06 (p)		7,000,000		8,845,845
Federal Home Loan Mortgage Corp.
5.14%, 10/2/06 (o) (p)	$	95,900,000		95,872,643
5.15%, 10/3/06 (o) (p)		29,000,000		28,987,554
5.06%, 10/24/06 (o) (p)		8,200,000		8,172,415
Federal National Mortgage Association
4.91%, 11/15/06 (o) (p)		2,500,000		2,484,418
French Treasury Bills
2.98%, 11/23/06 (p)	EUR	24,100,000		30,392,738
German Treasury Bills
2.78%, 10/18/06 (p)		8,190,000		10,360,263
U.S. Treasury Bills
4.55%, 11/30/06 (a) (p)	$	850,000		843,500
4.79%, 12/14/06 (p)		4,050,000		4,009,966
Total Government Securities				196,297,205
Short-Term Investments of Cash Collateral for Securities Loaned (7.1%)
Accredited Mortgage Loan Trust, Series 06-2 A1
5.37%, 6/27/08 (l)		784,431		784,431
ASAP Funding Ltd.
5.37%, 10/10/06		2,623,776		2,623,776
5.33%, 10/19/06		5,409,788		5,409,788
Bavaria TRR Corp.
5.32%, 10/3/06		4,808,074		4,808,074
Cedar Springs Capital Co. LLC
5.29%, 10/5/06		3,614,058		3,614,058
5.30%, 10/5/06		5,417,899		5,417,899
Credit Suisse First Boston/London
5.30%, 10/2/06		9,057,729		9,057,729
Deutsche Bank/London
5.34%, 1/31/07 (l)		2,415,395		2,415,395
Fenway Funding LLC
5.33%, 10/20/06		3,020,310		3,020,310
Fifth Third Bancorp
5.31%, 10/29/07 (l)		362,309		362,309
Fortis Bank/Brussels
5.43%, 10/2/06		16,907,762		16,907,762
Goldman Sachs Group, Inc.
5.39%, 10/1/07 (l)		1,328,467		1,328,467
Harris Nesbit Corp.
5.42%, 10/2/06		6,038,486		6,038,486
Hartford Life, Inc.
5.46%, 10/1/07 (l)		966,158		966,158
Legacy Capital Co. LLC
5.29%, 10/10/06		2,083,584		2,083,584
Lehman Brothers Bankhaus AG
5.32%, 12/12/06 (l)		4,468,480		4,468,480
Lehman Brothers, Inc.
5.53%, 12/29/06 (l)		422,694		422,694

23

AXA PREMIER VIP TRUST

AXA PREMIER VIP CORE BOND PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2006 (Unaudited)

	Principal Amount			Value (Note 1)
Natexis Banques Populaires N.Y.
5.35%, 1/31/07 (l)	$	603,849		$	603,849
5.37%, 1/28/08 (l)		3,623,092			3,623,092
New York Life Insurance Co.
5.41%, 12/29/06 (l)		3,019,243			3,019,243
Nomura Securities Co., Ltd.
5.43%, 10/2/06		72,661,877			72,661,877
Norinchukin Bank/London
5.35%, 10/2/06		10,869,275			10,869,275
5.29%, 10/10/06		6,038,486			6,038,486
Scaldis Capital LLC
5.29%, 10/27/06		6,011,967			6,011,967
Sumitomo Mitsui Banking Corp. N.Y.
5.32%, 11/1/06		6,038,486			6,038,486
Thames Asset Global Securitization, Inc.
5.29%, 10/10/06		2,184,389			2,184,389
Three Pillars Funding Corp.
5.29%, 10/20/06		2,660,416			2,660,416
Total Short-Term Investments of Cash Collateral for Securities Loaned					183,440,480
Time Deposit (4.6%)
JPMorgan Chase Nassau
4.78%, 10/2/06		118,389,376			118,389,376
Total Short-Term Investments (27.4%) (Cost/Amortized Cost $703,628,433)					704,017,160
	Number of Contracts (c)
OPTIONS PURCHASED:
Put Options Purchased (0.0%)
EURODollar Futures
December-2006 @ $91.75*		700			4,375
December-2006 @ $94.00*		300			1,875
March-2007 @ $92.00*		112			700
March-2007 @ $92.25*		517			3,231
September-2007 @ $91.00*		1,512			9,450
December-2007 @ $91.50*		720			4,500
Total Options Purchased (0.0%) (Cost $36,680)					24,131
Total Investments before Options Written and Securities Sold Short (124.4%) (Cost/Amortized Cost $3,198,985,691)					3,191,352,745
OPTIONS WRITTEN:
Put Option Written (-0.0%)
U.S. 10 Year Treasury Note Future
November-2006 @ $107*		(127	)		(31,750	)
Total Options Written (-0.0%) (Premiums Received $29,691)					(31,750	)
Total Investments before Securities Sold Short (124.4%) (Cost/Amortized Cost $3,198,956,000)					3,191,320,995
	Principal Amount
SECURITIES SOLD SHORT:
U.S. Government Agencies (-2.1%)
Federal Home Loan Mortgage Corp.
5.00%, 10/15/21 TBA	$	(2,000,000	)		(1,964,376	)
5.00%, 10/15/36 TBA		(5,000,000	)		(4,807,810	)
Federal National Mortgage Association
5.50%, 10/25/36 TBA		(49,000,000	)		(48,265,000	)
Total Securities Sold Short (-2.1%) (Proceeds Received $54,832,891)				$	(55,037,186	)
Total Investments (122.3%) (Cost/Amortized Cost $3,144,123,109)					3,136,283,809
Other Assets Less Liabilities (-22.3%)					(571,657,631	)
Net Assets (100%)				$	2,564,626,178

* Non-income producing.

^ All, or a portion of security out on loan (See Note 1).

† Securities (totaling $14,127,838 or 0.55% of net assets) valued at fair value.

§ Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may only be resold to qualified institutional buyers. At September 30, 2006, the market value of these securities amounted to $81,084,021 or 3.16% 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.

# All, or a portion of security held by broker as collateral for financial futures contracts.

(a) Fully or partially pledged as collateral on outstanding written call options.

(b) Illiquid security.

(c) One contract relates to 100 shares.

(e) Step Bond - Coupon rate increases in increments to maturity. Rate disclosed is as of September 30, 2006. Maturity date disclosed is the ultimate maturity date.

(h) Security in default.

(l) Floating Rate Security. Rate disclosed is as of September 30, 2006.

(m) Regulation S is an exmption for securities offering 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.

(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 September 30, 2006.

(p) Yield to maturity.

Glossary:

BECCS — Bearer Corpora Conversions

CMO — Collateralized Mortgage Obligation

EUR — European Currency Unit

IO — Interest only

JPY — Japanese Yen

PO — Principal only

STRIPS — Separate Trading of Registered Interest and Principal of Securities.

TBA — Security is subject to delayed delivery.

24

AXA PREMIER VIP TRUST

AXA PREMIER VIP CORE BOND PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2006 (Unaudited)

At September 30, 2006 the Portfolio had the following futures contracts open: (Note 1)

Purchases	Number of Contracts	Expiration Date	Original Value		Value at 9/30/06		Unrealized Appreciation/ (Depreciation)
U.S. Treasury Bonds	1,360	December 2006	$	149,852,746	$	152,872,500	$	3,019,754
U.S. 5 Year Treasury Notes	457	December 2006		47,922,406		48,220,640		298,234
U.S. 10 Year Treasury Notes	1,353	December 2006		144,889,016		146,208,562		1,319,546
EURODollar	423	September 2007		100,026,750		100,594,688		567,938
British Pound Sterling 90-Day	602	December 2007		133,128,614		133,352,342		223,728
EURODollar	1,650	December 2007		391,693,800		392,741,250		1,047,450
EURODollar	1,599	March 2008		379,706,013		380,701,913		995,900
EURODollar	1,578	June 2008		374,759,850		375,642,900		883,050
EURODollar	1,226	September 2008		291,512,150		291,757,350		245,200
							$	8,600,800
Sales
U.S. 5 Year Treasury Notes	791	December 2006	$	83,193,162	$	83,462,859	$	(269,697	)
EURODollar	268	June 2007		63,589,972		63,639,950		(49,978	)
							$	(319,675	)
							$	8,281,125

At September 30, 2006 the Portfolio had outstanding forward foreign currency contracts to buy/sell foreign currencies as follows: (Note 1)

	Local Contract Amount (000’s)	Cost on Origination Date		U.S. $ Current Value		Unrealized Appreciation
Forward Foreign Currency Sell Contracts
British Pound, expiring 10/19/06	1,436	$	2,731,682	$	2,682,912	$	48,770
European Union, expiring 10/31/06	40,924		52,071,288		51,924,508		146,780
Japanese Yen, expiring 11/15/06	1,231,254		10,569,892		10,494,693		75,199
						$	270,749

Options written for the nine months ended September 30, 2006 were as follows:

	Total Number of Contracts		Total Premiums Received
Options Outstanding—January 1, 2006	180		$	97,498
Options Written	497			215,875
Options Terminated in Closing Purchase Transactions	(268	)		(153,377	)
Options Expired	(282	)		(130,305	)
Options Exercised	—			—
Options Outstanding—September 30, 2006	127		$	29,691

Investment security transactions for the nine months ended September 30, 2006 were as follows:

Cost of Purchases:
Stocks and long-term corporate debt securities	$	3,337,731,621
U.S. Government securities		3,101,859,841
	$	6,439,591,462
Net Proceeds of Sales and Redemptions:
Stocks and long-term corporate debt securities	$	2,720,974,327
U.S. Government securities		3,269,698,571
	$	5,990,672,898

As of September 30, 2006, 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	$	12,823,199
Aggregate gross unrealized depreciation		(21,526,751	)
Net unrealized depreciation	$	(8,703,552	)
Federal income tax cost of investments	$	3,200,056,297

25

AXA PREMIER VIP TRUST

AXA PREMIER VIP CORE BOND PORTFOLIO

PORTFOLIO OF INVESTMENTS (Concluded)

September 30, 2006 (Unaudited)

At September 30, 2006, the Portfolio had loaned securities with a total value of $243,952,514. This was secured by collateral of $183,440,480 which was received as cash and subsequently invested in short-term investments as reported in the portfolio of investments. The remaining collateral of $65,224,530 was received in the form of short-term pooled securities, which the portfolio cannot sell or repledge and accordingly are not reflected in the Portfolio’s assets and liabilities.

The Portfolio has a net capital loss carryforward of $7,796,848 which expires in the year 2013.

See Notes to Financial Statements.

26

AXA PREMIER VIP TRUST

AXA PREMIER VIP HEALTH CARE PORTFOLIO

PORTFOLIO OF INVESTMENTS

September 30, 2006 (Unaudited)

	Number of Shares	Value (Note 1)
COMMON STOCKS:
Consumer Staples (1.2%)
Food & Staples Retailing (1.2%)
CVS Corp.	147,960	$	4,752,475
Total Consumer Staples			4,752,475
Financials (0.2%)
Insurance (0.2%)
Universal American Financial Corp.*^	48,357		777,097
Total Financials			777,097
Health Care (94.3%)
Biotechnology (18.7%)
Alexion Pharmaceuticals, Inc.*^	22,500		764,550
Altus Pharmaceuticals, Inc.*^	14,100		225,177
Amgen, Inc.*	149,661		10,705,251
Amylin Pharmaceuticals, Inc.*^	65,500		2,886,585
Applera Corp.- Celera Genomics Group*	113,600		1,581,312
Arena Pharmaceuticals, Inc.*^	40,309		482,902
Array Biopharma, Inc.*	54,391		463,411
Biogen Idec, Inc.*	44,540		1,990,047
Celgene Corp.*	85,300		3,693,490
Cephalon, Inc.*^	42,100		2,599,675
CSL Ltd.	7,271		293,166
Cubist Pharmaceuticals, Inc.*^	29,009		630,656
CV Therapeutics, Inc.*^	82,800		922,392
Cytokinetics, Inc.*^	175,800		1,130,394
Encysive Pharmaceuticals, Inc.*^	45,900		197,370
Genentech, Inc.*	39,361		3,255,155
Genmab A/S*	19,600		815,709
Genzyme Corp.*	97,626		6,586,826
Gilead Sciences, Inc.*	197,692		13,581,441
Grifols S.A.*	42,693		432,110
Human Genome Sciences, Inc.*^	177,238		2,045,327
ICOS Corp.*^	18,300		458,598
Incyte Corp.*^	71,400		302,022
InterMune, Inc.*^	21,668		355,789
Keryx Biopharmaceuticals, Inc.*^	22,890		270,789
MannKind Corp.*^	15,921		302,499
Medarex Inc.*^	36,732		394,502
Millennium Pharmaceuticals, Inc.*	260,000		2,587,000
Myogen, Inc.*^	41,966		1,472,167
NPS Pharmaceuticals, Inc.*^	23,600		89,916
OSI Pharmaceuticals, Inc.*^	10,126		380,029
Panacos Pharmaceuticals, Inc.*^	53,053		263,143
PDL BioPharma, Inc.*^	86,539		1,661,549
Regeneron Pharmaceuticals, Inc.*^	54,600		856,674
Theravance, Inc.*^	58,718		1,587,735
United Therapeutics Corp.*^	28,812		1,513,782
Vertex Pharmaceuticals, Inc.*^	118,120		3,974,738
ZymoGenetics, Inc.*^	116,005		1,957,004
			73,710,882
Health Care Distributors (2.8%)
Cardinal Health, Inc.	72,390		4,758,918
McKesson Corp.	99,179		5,228,717
PSS World Medical, Inc.*^	57,026		1,139,950
			11,127,585
Health Care Equipment (12.7%)
Baxter International, Inc.	189,568		8,617,761
Biomet, Inc.	49,100		1,580,529
Boston Scientific Corp.*	150,300		2,222,937
Conor Medsystems, Inc.*^	13,550		319,374
Cytyc Corp.*	90,232		2,208,879
Edwards Lifesciences Corp.*	15,698		731,370
Intuitive Surgical, Inc.*^	11,990	$	1,264,346
Medtronic, Inc.	180,710		8,392,172
Mentor Corp.^	51,471		2,593,624
Mindray Medical International Ltd. (ADR)*^	59,590		994,557
NxStage Medical, Inc.*^	70,862		621,460
Olympus Corp.	41,000		1,208,487
Respironics, Inc.*	46,613		1,799,728
St. Jude Medical, Inc.*	140,294		4,950,975
Stryker Corp.	45,600		2,261,304
Terumo Corp.	38,700		1,468,479
Thoratec Corp.*^	51,153		798,498
Varian Medical Systems, Inc.*	63,179		3,373,127
Volcano Corp.*	85,480		982,165
Wright Medical Group, Inc.*^	38,861		942,379
Zimmer Holdings, Inc.*	43,836		2,958,930
			50,291,081
Health Care Facilities (0.9%)
Triad Hospitals, Inc.*^	45,200		1,990,156
Universal Health Services, Inc., Class B	22,900		1,372,397
			3,362,553
Health Care Services (3.5%)
Caremark Rx, Inc.	21,900		1,241,073
DaVita, Inc.*	40,278		2,330,888
Express Scripts, Inc.*	18,702		1,411,814
HMS Holdings Corp.*^	62,065		783,260
Medco Health Solutions, Inc.*	124,702		7,495,837
Omnicare, Inc.	14,975		645,273
			13,908,145
Health Care Supplies (0.2%)
Cooper Cos., Inc.^	14,014		749,749
Health Care Technology (0.6%)
Eclipsys Corp.*^	45,018		806,272
IMS Health, Inc.	58,500		1,558,440
			2,364,712
Life Sciences Tools & Services (2.7%)
Bruker BioSciences Corp.*^	15,400		107,954
Charles River Laboratories International, Inc.*	30,602		1,328,433
Ciphergen Biosystems, Inc.*^	184,000		244,720
Dionex Corp.*^	13,203		672,561
Exelixis, Inc.*^	55,800		486,018
Fisher Scientific International, Inc.*	32,743		2,561,812
Illumina, Inc.*^	18,330		605,623
Invitrogen Corp.*	18,575		1,177,841
MDS, Inc.	46,300		794,734
Molecular Devices Corp.*	10,283		190,133
Pharmaceutical Product Development, Inc.	42,198		1,506,046
Thermo Electron Corp.*	18,085		711,283
Varian, Inc.*	10,049		460,948
			10,848,106
Managed Health Care (7.3%)
Aetna, Inc.	91,908		3,634,961
Coventry Health Care, Inc.*	25,173		1,296,913
Health Net, Inc.*	74,699		3,250,901
UnitedHealth Group, Inc.	282,000		13,874,401
WellPoint, Inc.*	88,743		6,837,648
			28,894,824
Pharmaceuticals (44.9%)
Abbott Laboratories	259,960		12,623,659
Adolor Corp.*^	51,700		717,079
Allergan, Inc.	36,149		4,070,739
Astellas Pharma, Inc.	98,800		3,974,929
AstraZeneca plc	29,600		1,845,625

27

AXA PREMIER VIP TRUST

AXA PREMIER VIP HEALTH CARE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2006 (Unaudited)

	Number of Shares		Value (Note 1)
AstraZeneca plc (ADR)		108,106	$	6,756,625
AtheroGenics, Inc.*^		50,718		667,956
Barr Pharmaceuticals, Inc.*		30,100		1,563,394
BioMimetic Therapeutics, Inc.*^		85,400		667,828
Bristol-Myers Squibb Co.		321,600		8,014,272
Cardiome Pharma Corp.*^		47,049		543,416
Cypress Bioscience, Inc.*^		45,557		332,566
Daiichi Sankyo Co., Ltd.		162,000		4,596,620
Eisai Co., Ltd		123,900		5,992,199
Elan Corp. plc (ADR)*^		149,200		2,294,696
Eli Lilly & Co.		138,704		7,906,128
Endo Pharmaceuticals Holdings, Inc.*		69,692		2,268,475
Forest Laboratories, Inc.*		85,674		4,335,961
H. Lundbeck A/S		29,700		691,179
Impax Laboratories, Inc.*		63,297		415,861
Ipsen S.A.		76,420		2,991,275
Johnson & Johnson		125,399		8,143,411
Medicines Co.*^		67,734		1,528,079
Merck & Co., Inc.		195,000		8,170,500
Merck KGaA		15,596		1,652,016
MGI Pharma, Inc.*^		120,800		2,078,968
Novartis AG (ADR)		94,856		5,543,385
Novartis AG (Registered)		45,348		2,639,981
Pfizer, Inc.		552,299		15,663,201
Replidyne, Inc.		46,650		438,976
Roche Holding AG		64,660		11,148,365
Sanofi-Aventis		68,045		6,050,957
Sanofi-Aventis (ADR)		80,724		3,589,796
Schering-Plough Corp.		520,300		11,493,427
Schwarz Pharma AG		12,516		1,453,078
Sepracor, Inc.*^		19,786		958,434
Shionogi & Co., Ltd.		315,901		5,806,167
Shire plc (ADR)		60,441		2,985,181
Takeda Pharmaceutical Co., Ltd.		22,100		1,379,554
Teva Pharmaceutical Industries Ltd. (ADR)		40,700		1,387,463
UCB S.A.		37,548		2,385,330
Warner Chilcott Ltd.*		63,670		846,811
Wyeth		159,202		8,093,830
Xenoport, Inc.*^		18,709		381,102
				177,088,494
Total Health Care				372,346,131
Industrials (0.7%)
Industrial Conglomerates (0.7%)
Tyco International Ltd.		94,377		2,641,612
Total Industrials				2,641,612
Materials (0.3%)
Chemicals (0.3%)
Bayer AG		21,738		1,106,972
Total Materials				1,106,972
Total Common Stocks (96.7%) (Cost $342,275,006)				381,624,287
	Principal Amount
SHORT-TERM INVESTMENTS:
Government Securities (1.7%)
Federal Home Loan Bank
4.75%, 10/2/06 (o) (p)	$	6,600,000		6,598,259
Short-Term Investments of Cash Collateral for Securities Loaned (10.7%)
Accredited Mortgage Loan Trust, Series 06-2 A1
5.37%, 6/27/08 (l)		181,190		181,190
ASAP Funding Ltd.
5.37%, 10/10/06	$	606,048	$	606,048
5.33%, 10/19/06		1,249,570		1,249,570
Bavaria TRR Corp.
5.32%, 10/3/06		1,110,584		1,110,584
Cedar Springs Capital Co. LLC
5.29%, 10/5/06		834,787		834,787
5.30%, 10/5/06		1,251,444		1,251,444
Credit Suisse First Boston/London
5.30%, 10/2/06		2,092,184		2,092,184
Deutsche Bank/London
5.34%, 1/31/07 (l)		557,916		557,916
Fenway Funding LLC
5.33%, 10/20/06		697,641		697,641
Fifth Third Bancorp
5.31%, 10/29/07 (l)		83,687		83,687
Fortis Bank/Brussels
5.43%, 10/2/06		3,905,410		3,905,410
Goldman Sachs Group, Inc.
5.39%, 10/1/07 (l)		306,854		306,854
Harris Nesbit Corp.
5.42%, 10/2/06		1,394,789		1,394,789
Hartford Life, Inc.
5.46%, 10/1/07 (l)		223,166		223,166
Legacy Capital Co. LLC
5.29%, 10/10/06		481,273		481,273
Lehman Brothers Bankhaus AG
5.32%, 12/12/06 (l)		1,032,144		1,032,144
Lehman Brothers, Inc.
5.53%, 12/29/06 (l)		97,635		97,635
Natexis Banques Populaires N.Y.
5.35%, 1/31/07 (l)		139,479		139,479
5.37%, 1/28/08 (l)		836,873		836,873
New York Life Insurance Co.
5.41%, 12/29/06 (l)		697,395		697,395
Nomura Securities Co., Ltd.
5.43%, 10/2/06		16,783,675		16,783,675
Norinchukin Bank/London
5.35%, 10/2/06		2,510,620		2,510,620
5.29%, 10/10/06		1,394,789		1,394,789
Scaldis Capital LLC
5.29%, 10/27/06		1,388,664		1,388,664
Sumitomo Mitsui Banking Corp. N.Y.
5.32%, 11/1/06		1,394,789		1,394,789
Thames Asset Global Securitization, Inc.
5.29%, 10/10/06		504,557		504,557
Three Pillars Funding Corp.
5.29%, 10/20/06		614,511		614,511
Total Short-Term Investments of Cash Collateral for Securities Loaned				42,371,674
Time Deposit (1.5%)
JPMorgan Chase Nassau
4.78%, 10/2/06		5,847,133		5,847,133
Total Short-Term Investments (13.9%) (Cost/Amortized Cost $ 54,817,936)				54,817,066

28

AXA PREMIER VIP TRUST

AXA PREMIER VIP HEALTH CARE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Concluded)

September 30, 2006 (Unaudited)

	Number of Contracts (c)		Value (Note 1)
OPTIONS PURCHASED:
Call Options (0.0%)
Celgene Corp.
November-2006 @ $40.00*	853		$	136,480
Conor Medsystems, Inc.
November-2006 @ $ 25.00*	168			49,560
Total Options Purchased (0.0%) (Cost $233,951)				186,040
Total Investments Before Options Written (110.6%) (Cost/Amortized Cost $ 397,326,893)				436,627,393
OPTIONS WRITTEN:
Call Options Written (-0.0%)
Celgene Corp.
October-2006 @ $40.00* (d)	(853	)		(21,325	)
October-2006 @ $45.00* (d)	(853	)		(42,650	)
Conor Medsystems, Inc.
October-2006 @ $20.00* (d)	(168	)		(18,480	)
Intuitive Surgical, Inc.
November-2006 @ $110.00* (d)	(119	)		(85,680	)
Zimmer Holdings, Inc.
November-2006 @ $70.00* (d)	(206	)		(31,930	)
Total Options Written (-0.0%) (Premiums Received $ 265,590)				(200,065	)
Total Investments (110.6%) (Cost/Amortized Cost $ 397,061,303)			$	436,427,328
Other Assets Less Liabilities (-10.6%)				(41,687,318	)
Net Assets (100%)			$	394,740,010

* Non-income producing.

^ All, or a portion of security out on loan (See Note 1).

(c) One contract relates to 100 shares.

(d) Covered call option contracts written in connection with securities held.

(l) Floating Rate Security. Rate disclosed is as of September 30, 2006.

(o) Discount Note Security. Effective rate calculated as of September 30, 2006.

(p) Yield to maturity.

Glossary:

ADR — American Depositary Receipt

Options written for the nine months ended September 30, 2006 were as follows:

	Total Number of Contracts		Total Premiums Received
Options Outstanding—January 1, 2006	133		$	17,555
Options Written	33,826			4,484,168
Options Terminated in Closing Purchase Transactions	(26,500	)		(3,932,276	)
Options Expired	(5,260	)		(303,857	)
Options Exercised	—			—
Options Outstanding—September 30, 2006	2,199		$	265,590

Investment security transactions for the nine months ended September 30, 2006 were as follows:

Cost of Purchases:
Stocks and long-term corporate debt securities	$	437,062,966
Net Proceeds of Sales and Redemptions:
Stocks and long-term corporate debt securities	$	405,218,078

As of September 30, 2006, 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	$	44,131,666
Aggregate gross unrealized depreciation		(9,513,223	)
Net unrealized appreciation	$	34,618,443
Federal income tax cost of investments	$	402,008,950

At September 30, 2006, the Portfolio had loaned securities with a total value of $41,346,197. This was secured by collateral of $42,371,674 which was received as cash and subsequently invested in short-term investments as reported in the portfolio of investments.

See Notes to Financial Statements.

29

AXA PREMIER VIP TRUST

AXA PREMIER VIP HIGH YIELD PORTFOLIO

PORTFOLIO OF INVESTMENTS

September 30, 2006 (Unaudited)

	Principal Amount		Value (Note 1)
LONG-TERM DEBT SECURITIES:
Consumer Discretionary (26.5%)
Auto Components (2.9%)
American Tire Distributors, Inc.
11.621%, 4/1/12 (l)	$	4,300,000	$	3,913,000
Arvin Capital I
9.500%, 2/1/27		2,000,000		2,030,000
ArvinMeritor, Inc.
8.750%, 3/1/12		7,260,000		6,951,450
Cooper-Standard Automotive, Inc.
7.000%, 12/15/12		3,325,000		2,867,813
Goodyear Tire & Rubber Co.
11.250%, 3/1/11		4,900,000		5,402,250
9.000%, 7/1/15		3,000,000		3,045,000
Term Loan
7.950%, 4/10/10 § (b)		4,000,000		4,021,668
Lear Corp., Term Loan
7.867%, 4/25/12 (l)		1,050,000		1,023,187
7.904%, 4/25/12 (l)		450,000		438,509
Tenneco, Inc.
8.625%, 11/15/14		5,800,000		5,727,500
Series B
10.250%, 7/15/13		6,300,000		6,835,500
TRW Automotive, Inc.
9.375%, 2/15/13		8,787,000		9,358,155
United Components, Inc.
9.375%, 6/15/13		3,000,000		2,970,000
				54,584,032
Automobiles (0.4%)
Ford Motor Co.
7.450%, 7/16/31		3,500,000		2,703,750
General Motors Corp.
7.125%, 7/15/13		1,950,000		1,713,562
8.250%, 7/15/23		3,375,000		2,923,594
				7,340,906
Distributors (1.0%)
Buhrmann U.S., Inc.
8.250%, 7/1/14		2,000,000		1,975,000
7.875%, 3/1/15		1,700,000		1,636,250
SGS International, Inc.
12.000%, 12/15/13		6,035,000		6,095,350
VWR International, Inc.
6.875%, 4/15/12		5,440,000		5,412,800
8.000%, 4/15/14		4,000,000		4,035,000
				19,154,400
Diversified Consumer Services (0.1%)
Service Corp. International
7.375%, 10/1/14 § (b)		1,000,000		1,006,250
7.625%, 10/1/18 § (b)		950,000		955,938
				1,962,188
Hotels, Restaurants & Leisure (4.6%)
Aztar Corp.
9.000%, 8/15/11		5,000,000		5,218,750
Boyd Gaming Corp.
7.125%, 2/1/16		2,250,000		2,176,875
Choctaw Resort Development Enterprise
7.250%, 11/15/19 §		4,000,000		3,980,000
El Pollo Loco, Inc.
11.750%, 11/15/13 §		5,500,000		6,105,000
Gaylord Entertainment Co.
8.000%, 11/15/13		200,000		203,500
Herbst Gaming, Inc.
8.125%, 6/1/12		2,800,000		2,859,500
7.000%, 11/15/14		500,000		485,000
Intrawest Corp.
7.500%, 10/15/13		5,125,000		5,502,969
Mandalay Resort Group
7.625%, 7/15/13	$	2,350,000	$	2,320,625
MGM MIRAGE
8.375%, 2/1/11		2,175,000		2,267,546
6.750%, 4/1/13 §		1,175,000		1,154,438
6.625%, 7/15/15		6,375,000		6,120,000
Mirage Resorts, Inc.
7.250%, 8/1/17		1,000,000		977,500
Riviera Holdings Corp.
11.000%, 6/15/10		5,779,000		6,096,845
Seneca Gaming Corp.
7.250%, 5/1/12		700,000		700,000
Series B
7.250%, 5/1/12		1,850,000		1,850,000
Six Flags, Inc., Term Loan B
7.730%, 6/30/09 § (b) (l)		1,243,129		1,256,143
8.480%, 6/30/09 § (b) (l)		746,693		754,510
Station Casinos, Inc.
6.500%, 2/1/14		1,000,000		936,250
6.875%, 3/1/16		5,050,000		4,734,375
7.750%, 8/15/16		3,075,000		3,190,313
6.625%, 3/15/18		1,500,000		1,353,750
Travelport, Inc.
9.875%, 9/1/14 §		1,300,000		1,254,500
11.875%, 9/1/16 §		7,325,000		7,032,000
Turning Stone Resort Casino Enterprise
9.125%, 12/15/10 §		4,075,000		4,125,937
Wynn Las Vegas LLC/ Wynn Las Vegas Capital Corp.
6.625%, 12/1/14		12,400,000		12,028,000
				84,684,326
Household Durables (0.9%)
Blyth, Inc.
5.500%, 11/1/13		6,750,000		5,467,500
KB Home
7.750%, 2/1/10		2,260,000		2,260,000
9.500%, 2/15/11		3,841,000		3,937,025
5.870%, 1/15/15		1,000,000		901,935
Meritage Homes Corp.
6.250%, 3/15/15		5,000,000		4,250,000
				16,816,460
Leisure Equipment & Products (0.1%)
Eastman Kodak Co., Term B Loan
7.640%, 10/14/12 § (l)		166,667		166,683
7.750%, 10/14/12 § (l)		1,023,371		1,023,469
7.649%, 10/14/12 § (l)		461,667		461,712
7.639%, 10/18/12 § (l)		333,333		333,365
				1,985,229
Media (14.2%)
Advanstar Communications, Inc.
10.750%, 8/15/10		3,925,000		4,229,188
Allbritton Communications Co.
7.750%, 12/15/12		6,775,000		6,825,812
AMC Entertainment, Inc.
9.875%, 2/1/12		6,873,000		7,062,007
Series B
8.625%, 8/15/12		1,780,000		1,837,850
American Media Operations, Inc., Series B
10.250%, 5/1/09		4,448,000		4,147,760
Block Communications, Inc.
8.250%, 12/15/15 §		5,000,000		4,875,000
CanWest Media, Inc.
8.000%, 9/15/12		2,970,000		2,932,875
CCH I Holdings LLC/CCH I Holdings Capital Corp.
11.000%, 10/1/15	$	5,000,000		4,550,000

30

AXA PREMIER VIP TRUST

AXA PREMIER VIP HIGH YIELD PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2006 (Unaudited)

	Principal Amount		Value (Note 1)
CCO Holdings LLC/CCO Holdings Capital Corp.
8.750%, 11/15/13	$	9,000,000	$	9,056,250
Charter Communications Holdings II LLC/Charter Communications Holdings II Capital Corp.
10.250%, 9/15/10		3,725,000		3,799,500
Charter Communications Holdings LLC
7.755%, 4/25/13 §		3,000,000		3,011,850
Charter Communications Operating LLC/Charter Communications Operating Capital Corp.
8.000%, 4/30/12 §		500,000		503,750
8.375%, 4/30/14 §		3,500,000		3,556,875
Cinemark, Inc.
0.000%, 3/15/14 (e)		8,600,000		6,858,500
CMP Susquehanna Corp.
9.875%, 5/15/14 §		5,500,000		5,170,000
CSC Holdings, Inc.
7.250%, 7/15/08		5,815,000		5,873,150
7.250%, 4/15/12 §		1,500,000		1,494,375
7.875%, 2/15/18		2,575,000		2,671,563
Series B
7.625%, 4/1/11		8,750,000		8,979,687
Dex Media West LLC/Dex Media Finance Co.,
Series B
8.500%, 8/15/10		4,698,000		4,850,685
9.875%, 8/15/13		5,725,000		6,183,000
Dex Media, Inc.
0.000%, 11/15/13 (e)		9,315,000		7,847,887
DirecTV Holdings LLC/DirecTV Financing Co.
8.375%, 3/15/13		800,000		829,000
6.375%, 6/15/15		5,500,000		5,170,000
Echostar DBS Corp.
6.375%, 10/1/11		1,725,000		1,679,719
7.000%, 10/1/13 § (b)		6,800,000		6,647,000
6.625%, 10/1/14		2,600,000		2,473,250
7.125%, 2/1/16 §		12,775,000		12,343,844
Emmis Operating Co.
6.875%, 5/15/12		13,275,000		13,258,406
Houghton Mifflin Co.
8.250%, 2/1/11		4,300,000		4,418,250
0.000%, 10/15/13 (e)		2,500,000		2,181,250
Insight Communications Co., Inc.
12.250%, 2/15/11 (e)		7,200,000		7,632,000
Intelsat Bermuda Ltd.
8.250%, 1/15/13 §		75,000		75,938
11.250%, 6/15/16 §		1,000,000		1,062,500
Intelsat Corp.
9.000%, 6/15/16 §		1,000,000		1,030,000
Intelsat Intermediate Holding Co., Ltd.
0.000%, 2/1/15 (e)		8,000,000		5,800,000
Intelsat Subsidiary Holding Co., Ltd.
10.484%, 1/15/12 (l)		1,900,000		1,926,125
8.250%, 1/15/13		3,175,000		3,214,688
8.625%, 1/15/15		6,825,000		6,978,562
Interpublic Group of Cos., Inc.
6.250%, 11/15/14		5,375,000		4,649,375
Kabel Deutschland GmbH
10.625%, 7/1/14 §		6,000,000		6,435,000
LBI Media, Inc.
10.125%, 7/15/12		4,365,000		4,594,163
Lighthouse International Co. S.A.
8.000%, 4/30/14 § (b)	EUR	4,405,000		5,719,075
8.000%, 4/30/14 (m)	$	400,000		547,236
Network Communications, Inc.
10.750%, 12/1/13 §		6,300,000		6,300,000
NTL Cable plc
9.125%, 8/15/16	$	3,000,000	$	3,097,500
Primedia, Inc.
8.875%, 5/15/11		1,750,000		1,710,625
8.000%, 5/15/13		700,000		635,250
R.H. Donnelley Corp., Series A-3
8.875%, 1/15/16		3,500,000		3,508,750
Rogers Cable, Inc.
6.750%, 3/15/15		2,450,000		2,474,500
8.750%, 5/1/32		1,500,000		1,770,000
Telenet Communications N.V.
9.000%, 12/15/13 §	EUR	1,867,500		2,625,877
Unity Media GmbH
10.125%, 2/15/15 §		7,500,000		9,168,100
10.375%, 2/15/15 §	$	4,500,000		4,140,000
UPC Broadband Holdings B.V.
5.507%, 3/31/13 § (l)	EUR	883,333		1,116,145
5.507%, 12/31/13 § (l)		1,000,000		1,264,491
UPC Holdings B.V.
7.750%, 1/15/14 (b) (m)		425,000		516,834
8.625%, 1/15/14 (b) (m)		2,500,000		3,166,874
8.625%, 1/15/14 §		7,500,000		9,500,622
Visant Corp.
7.625%, 10/1/12	$	2,065,000		2,075,325
WMG Holdings Corp.
0.000%, 12/15/14 (e)		8,626,000		6,426,370
				264,480,208
Multiline Retail (0.1%)
Bon-Ton Department Stores, Inc.
10.250%, 3/15/14		2,125,000		2,066,562
Saks, Inc.
8.250%, 11/15/08		714		734
				2,067,296
Specialty Retail (0.6%)
Asbury Automotive Group, Inc.
9.000%, 6/15/12		6,647,000		6,804,866
Group 1 Automotive, Inc.
8.250%, 8/15/13		1,700,000		1,738,250
J. Crew Operating Corp., Term Loan
7.740%, 5/15/13 (l)		1,754,386		1,752,193
				10,295,309
Textiles, Apparel & Luxury Goods (1.6%)
Perry Ellis International, Inc., Series B
8.875%, 9/15/13		6,975,000		6,870,375
Quicksilver, Inc.
6.875%, 4/15/15		5,075,000		4,808,563
Rafaella Apparel Group, Inc.
11.250%, 6/15/11 §		7,500,000		7,368,750
Samsonite Corp.
8.875%, 6/1/11		4,400,000		4,609,000
Simmons Co.
7.875%, 1/15/14		5,400,000		5,238,000
				28,894,688
Total Consumer Discretionary				492,265,042
Consumer Staples (3.4%)
Food & Staples Retailing (1.2%)
Albertson’s, Inc.
7.450%, 8/1/29		2,000,000		1,852,520
American Stores Co.
8.000%, 6/1/26		1,000,000		1,013,130
Delhaize America, Inc.
9.000%, 4/15/31		5,205,000		6,097,080
Ingles Markets, Inc.
8.875%, 12/1/11		4,723,000		4,923,727
Rite Aid Corp.
9.500%, 2/15/11		6,050,000		6,254,188

31

AXA PREMIER VIP TRUST

AXA PREMIER VIP HIGH YIELD PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2006 (Unaudited)

	Principal Amount		Value (Note 1)
Roundy’s, Inc., Term Loan
8.170%, 10/27/11 § (b)	$	750,000	$	755,312
8.290%, 11/1/11 § (b)		738,750		743,983
				21,639,940
Food Products (0.3%)
Dole Food Co., Letter of Credit
5.370%, 4/11/13 § (b) (l)		186,047		182,662
Term B Loan
5.370%, 4/11/13 § (b) (l)		186,047		182,662
7.437%, 4/11/13 § (b) (l)		204,652		200,929
9.250%, 4/11/13 § (b) (l)		25,814		25,344
Term C Loan
7.437%, 4/11/13 § (b) (l)		409,302		401,856
7.500%, 4/11/13 § (b) (l)		213,954		210,061
9.250%, 4/11/13 § (b) (l)		20,930		20,549
7.313%, 4/12/13 § (b) (l)		744,186		730,646
Pilgrim’s Pride Corp.
9.250%, 11/15/13		4,500,000		4,612,500
				6,567,209
Household Products (1.0%)
American Achievement Corp.
8.250%, 4/1/12		5,825,000		5,883,250
Prestige Brands, Inc.
9.250%, 4/15/12		7,769,000		7,807,845
Visant Holding Corp.
0.000%, 12/1/13 (e)		6,025,000		4,970,625
				18,661,720
Personal Products (0.3%)
NBTY, Inc.
7.125%, 10/1/15		5,000,000		4,837,500
Tobacco (0.6%)
Reynolds American, Inc.
7.250%, 6/1/12 § (b)		3,330,000		3,425,204
7.250%, 6/1/13 §		3,500,000		3,601,598
7.625%, 6/1/16 §		2,275,000		2,359,878
7.750%, 6/1/18 §		1,375,000		1,435,661
				10,822,341
Total Consumer Staples				62,528,710
Energy (7.5%)
Energy Equipment & Services (0.4%)
Dresser, Inc.
10.125%, 4/15/11		5,200,000		5,453,500
Dresser-Rand Group, Inc.
7.375%, 11/1/14		991,000		973,658
Hanover Equipment Trust, Series 01-B
8.750%, 9/1/11		1,790,000		1,861,600
				8,288,758
Oil, Gas & Consumable Fuels (7.1%)
AmeriGas Partners LP
7.250%, 5/20/15		5,250,000		5,230,312
AmeriGas Partners LP/ AmeriGas Eagle Finance Corp.
7.125%, 5/20/16		7,825,000		7,707,625
Chesapeake Energy Corp.
7.500%, 9/15/13		1,900,000		1,928,500
7.000%, 8/15/14		3,375,000		3,337,031
7.750%, 1/15/15		1,500,000		1,530,000
6.625%, 1/15/16		1,000,000		965,000
6.875%, 1/15/16		3,675,000		3,592,313
Clayton Williams Energy, Inc.
7.750%, 8/1/13		2,000,000		1,800,000
Colorado Interstate Gas Co.
6.800%, 11/15/15		875,000		881,818
El Paso Corp.
7.875%, 6/15/12	$	3,900,000	$	4,046,250
7.375%, 12/15/12		4,000,000		4,065,000
8.050%, 10/15/30		3,500,000		3,640,000
El Paso Production Holding Co.
7.750%, 6/1/13		9,700,000		9,918,250
Ferrellgas Escrow LLC/Ferrellgas Finance Escrow Corp.
6.750%, 5/1/14		5,560,000		5,434,900
Ferrellgas LP
7.240%, 8/1/10		9,000,000		8,973,900
Ferrellgas Partners LP/Ferrellgas Partners Finance Corp.
8.750%, 6/15/12		3,775,000		3,926,000
Holly Energy Partners LP
6.250%, 3/1/15		2,000,000		1,852,500
Inergy LP/Inergy Finance Corp.
6.875%, 12/15/14		1,150,000		1,101,125
8.250%, 3/1/16		4,750,000		4,916,250
International Coal Group, Inc.
10.250%, 7/15/14 §		1,750,000		1,662,500
Newfield Exploration Co.
6.625%, 9/1/14		1,000,000		978,750
6.625%, 4/15/16		1,500,000		1,458,750
Paramount Resources Ltd.
8.500%, 1/31/13		8,000,000		8,020,000
Peabody Energy Corp., Series B
6.875%, 3/15/13		2,350,000		2,314,750
PetroHawk Energy Corp.
9.125%, 7/15/13 §		4,250,000		4,271,250
Pogo Producing Co.
7.875%, 5/1/13 §		1,000,000		1,018,750
Tennessee Gas Pipeline Co.
7.500%, 4/1/17		875,000		921,547
Valero Energy Corp.
7.800%, 6/14/10		1,000,000		1,018,750
Venoco, Inc., Bank Loan
9.750%, 4/26/11		3,000,000		3,015,000
10.000%, 4/26/11		2,250,000		2,261,250
VeraSun Energy Corp.
9.875%, 12/15/12		7,500,000		7,837,500
Williams Cos., Inc.
7.875%, 9/1/21		16,250,000		16,981,250
8.750%, 3/15/32		200,000		219,000
Series A
7.500%, 1/15/31		5,150,000		5,085,625
				131,911,446
Total Energy				140,200,204
Financials (11.3%)
Capital Markets (0.7%)
Basell AF SCA
8.375%, 8/15/15 §		5,000,000		4,962,500
E*Trade Financial Corp.
8.000%, 6/15/11		5,000,000		5,175,000
7.375%, 9/15/13		2,500,000		2,556,250
				12,693,750
Commercial Banks (0.3%)
AES Red Oak LLC, Series A
8.540%, 11/30/19		1,704,724		1,815,531
Intelsat Bridge Bank, Term Loan
11.250%, 7/3/07		5,000,000		4,987,500
				6,803,031
Consumer Finance (4.3%)
Ford Motor Credit Co.
5.800%, 1/12/09		2,750,000		2,618,044
7.375%, 10/28/09		1,750,000		1,700,657
7.875%, 6/15/10		6,960,000		6,778,201

32

AXA PREMIER VIP TRUST

AXA PREMIER VIP HIGH YIELD PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2006 (Unaudited)

	Principal Amount		Value (Note 1)
9.750%, 9/15/10 §	$	1,342,000	$	1,385,580
7.375%, 2/1/11		19,215,000		18,443,095
10.640%, 6/15/11 § (l)		969,000		1,012,509
9.875%, 8/10/11		2,450,000		2,535,289
9.957%, 4/15/12 (l)		2,650,000		2,772,965
7.000%, 10/1/13		500,000		463,919
GMAC LLC
6.500%, 12/28/06		11,012,000		10,984,470
7.250%, 3/2/11		3,415,000		3,434,524
6.000%, 4/1/11		3,070,000		2,944,732
6.875%, 9/15/11		14,605,000		14,527,623
7.000%, 2/1/12		430,000		428,584
6.875%, 8/28/12		3,500,000		3,464,307
6.750%, 12/1/14		3,500,000		3,416,892
8.000%, 11/1/31		2,250,000		2,352,557
				79,263,948
Diversified Financial Services (5.0%)
AES Ironwood LLC
8.857%, 11/30/25		6,513,519		7,197,439
Altra Industrial Motion, Inc.
9.000%, 12/1/11		4,450,000		4,539,000
Amadeus-Halde, Term Loan
5.813%, 4/8/13 § (b) (l).	EUR	2,000,000		2,558,160
American Real Estate Partners LP/American Real Estate Finance Corp.
7.125%, 2/15/13	$	1,790,000		1,781,050
BCP Crystal U.S. Holdings Corp.
9.625%, 6/15/14		7,242,000		7,857,570
Bluewater Finance Ltd.
10.250%, 2/15/12		1,475,000		1,493,438
Crystal U.S. Holdings 3 LLC/Crystal U.S. Sub 3 Corp., Series B
0.000%, 10/1/14 (e)		10,500,000		8,518,125
Hexion U.S. Finance Corp./Hexion Nova Scotia Finance ULC
9.000%, 7/15/14		4,950,000		5,049,000
Interactive Health LLC/Interactive Health Finance Corp.
7.250%, 4/1/11 §		969,000		775,200
Pipe Acquisition Finance plc
11.670%, 12/15/10 § (l)		8,500,000		8,585,000
Rainbow National Services LLC
10.375%, 9/1/14 §		6,218,000		7,026,340
Smurfit Kappa Funding plc
9.625%, 10/1/12		10,875,000		11,473,125
10.125%, 10/1/12	EUR	1,350,000		1,868,297
Stripes Acquisition LLC/Susser Finance Corp.
10.625%, 12/15/13 §	$	5,700,000		6,070,500
Target Return Index Securities Trust, Series HY-2006-1
7.548%, 5/1/16 §		5,000,000		5,002,250
Triton Aviation Finance
3.724%, 5/15/25 § (b) (l)		6,396,235		5,420,809
Universal City Development Partners Ltd.
11.750%, 4/1/10		800,000		862,000
Universal City Florida Holding Co. I/II
8.375%, 5/1/10		4,150,000		4,165,563
10.239%, 5/1/10 (l)		2,600,000		2,671,500
				92,914,366
Real Estate Investment Trusts (REIT) (0.9%)
Host Marriott LP (REIT)
7.125%, 11/1/13		2,825,000		2,860,312
Series O
6.375%, 3/15/15		1,325,000		1,285,250
Series Q
6.750%, 6/1/16		2,650,000		2,613,563
Thornburg Mortgage, Inc. (REIT)
8.000%, 5/15/13	$	5,250,000	$	5,171,250
Ventas Realty LP/ Ventas Capital Corp. (REIT)
8.750%, 5/1/09		1,850,000		1,967,938
9.000%, 5/1/12		1,200,000		1,338,000
7.125%, 6/1/15		1,300,000		1,337,375
6.750%, 4/1/17		125,000		125,781
				16,699,469
Real Estate Management & Development (0.1%)
Forest City Enterprises, Inc.
7.625%, 6/1/15		1,650,000		1,683,000
6.500%, 2/1/17		750,000		705,000
				2,388,000
Total Financials				210,762,564
Health Care (6.2%)
Biotechnology (0.1%)
Quintiles Transnational Corp.,
Term Loan
9.500%, 3/31/14		1,500,000		1,522,970
Health Care Equipment & Supplies (1.1%)
Accellent, Inc.
10.500%, 12/1/13		8,000,000		8,320,000
Encore Medical Corp.
9.750%, 10/1/12		2,800,000		3,080,000
Fresenius Medical Care Capital Trust II
7.875%, 2/1/08		8,120,000		8,262,100
				19,662,100
Health Care Providers & Services (4.6%)
Chemed Corp.
8.750%, 2/24/11		6,170,000		6,401,375
DaVita, Inc.
7.250%, 3/15/15		9,465,000		9,299,362
Extendicare Health Services, Inc.
9.500%, 7/1/10		2,845,000		2,983,694
Hanger Orthopedic Group, Inc.
10.250%, 6/1/14		6,000,000		6,090,000
HCA, Inc.
6.950%, 5/1/12		7,000,000		6,133,750
6.250%, 2/15/13		325,000		271,375
6.750%, 7/15/13		1,975,000		1,671,344
7.190%, 11/15/15		1,700,000		1,415,401
7.690%, 6/15/25		3,200,000		2,498,019
HEALTHSOUTH Corp.,
Term Loan
8.580%, 2/2/13 § (b)		3,740,625		3,753,093
Rotech Healthcare, Inc.
9.500%, 4/1/12		6,650,000		4,555,250
Select Medical Corp.
7.625%, 2/1/15		2,800,000		2,359,000
Skilled Healthcare Group, Inc.
11.000%, 1/15/14 §		8,500,000		9,095,000
Tenet Healthcare Corp.
7.375%, 2/1/13		7,700,000		6,939,625
9.875%, 7/1/14		350,000		348,687
Triad Hospitals, Inc.
7.000%, 11/15/13		7,000,000		6,798,750
U.S. Oncology Holdings, Inc.
10.675%, 3/15/15 (l)		1,400,000		1,428,000
U.S. Oncology, Inc.
10.750%, 8/15/14		9,110,000		9,975,450
Western Dental Services, Inc.,
Term Loan
10.870%, 6/7/16 (l)		3,500,000		3,535,000
				85,552,175

33

AXA PREMIER VIP TRUST

AXA PREMIER VIP HIGH YIELD PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2006 (Unaudited)

	Principal Amount		Value (Note 1)
Pharmaceuticals (0.4%)
Athena Neurosciences Finance LLC
7.250%, 2/21/08	$	8,000,000	$	7,970,000
Total Health Care				114,707,245
Industrials (8.2%)
Aerospace & Defense (0.6%)
Argo-Tech Corp.
9.250%, 6/1/11		1,475,000		1,534,000
Armor Holdings, Inc.
8.250%, 8/15/13		2,100,000		2,173,500
DRS Technologies, Inc.
7.625%, 2/1/18		2,500,000		2,537,500
L-3 Communications Corp.
7.625%, 6/15/12		4,400,000		4,532,000
Series B
6.375%, 10/15/15		1,000,000		972,500
TransDigm, Inc.
7.750%, 7/15/14 §		300,000		302,250
				12,051,750
Airlines (0.2%)
Continental Airlines, Inc., Series 01-1
7.373%, 12/15/15		1,365,748		1,352,091
Delta Air Lines, Inc., Series 00-1
7.379%, 5/18/10 (h)		445,943		446,478
7.570%, 11/18/10 (h)		2,450,000		2,453,063
				4,251,632
Building Products (0.2%)
Nortek, Inc.
8.500%, 9/1/14		3,000,000		2,835,000
Commercial Services & Supplies (2.0%)
Allied Waste North America, Inc.
7.875%, 4/15/13		4,150,000		4,243,375
7.250%, 3/15/15		9,145,000		9,076,412
7.125%, 5/15/16 §		1,475,000		1,454,719
9.250%, 5/1/21		3,294,000		3,417,525
Series B
9.250%, 9/1/12		1,250,000		1,332,813
Cardtronics, Inc.
9.250%, 8/15/13 §		7,000,000		7,175,000
Corrections Corp. of America
7.500%, 5/1/11		2,000,000		2,045,000
Knowledge Learning Corp., Inc.
7.750%, 2/1/15 §		5,710,000		5,338,850
Sheridan Group, Inc.
10.25%, 8/15/11		3,000,000		3,037,500
				37,121,194
Construction & Engineering (0.4%)
Ahern Rentals, Inc.
9.250%, 8/15/13		7,500,000		7,687,500
Electrical Equipment (1.1%)
Kinetek, Inc., Series D
10.750%, 11/15/06		9,558,000		9,476,914
Polypore, Inc.
8.750%, 5/15/12	EUR	5,000,000		5,985,394
Superior Essex Communications LLC/Essex Group, Inc.
9.000%, 4/15/12	$	5,500,000		5,582,500
				21,044,808
Industrial Conglomerates (0.3%)
Sequa Corp.
9.000%, 8/1/09		5,563,000		5,903,734
Machinery (2.2%)
Accuride Corp.
8.500%, 2/1/15	$	5,212,000	$	4,847,160
Case New Holland, Inc.
9.250%, 8/1/11		8,230,000		8,723,800
Greenbrier Cos., Inc.
8.375%, 5/15/15		5,500,000		5,582,500
Invensys plc
9.875%, 3/15/11 §		1,300,000		1,404,000
Stewart & Stevenson LLC
10.000%, 7/15/14 §		4,750,000		4,809,375
Terex Corp.
9.250%, 7/15/11		2,000,000		2,107,500
7.375%, 1/15/14		6,610,000		6,643,050
Trimas Corp.
9.875%, 6/15/12		3,791,000		3,506,675
Trinity Industries, Inc.
6.500%, 3/15/14		2,325,000		2,272,687
				39,896,747
Marine (0.2%)
Horizon Lines LLC
9.000%, 11/1/12		2,837,000		2,922,110
Road & Rail (1.0%)
Grupo Transportacion Ferroviaria Mexicana S.A. de C.V.
9.375%, 5/1/12		1,350,000		1,431,000
Hertz Corp.
8.875%, 1/1/14 §		5,450,000		5,708,875
Term B Loan
7.700%, 12/21/12 § (l)		4,425		4,449
7.700%, 12/21/12 § (l)		493,587		496,281
7.580%, 12/21/12 § (l)		505,778		508,539
7.730%, 12/21/12 § (l)		505,778		508,539
Term DD Loan
7.610%, 12/21/12 § (l)		75,495		75,907
7.700%, 12/21/12 § (l)		184,949		185,844
Term Loan
5.390%, 12/21/12 § (l)		222,222		223,435
United Rentals North America, Inc.
7.750%, 11/15/13		6,750,000		6,648,750
7.000%, 2/15/14		2,500,000		2,350,000
				18,141,619
Total Industrials				151,856,094
Information Technology (3.3%)
Communications Equipment (0.3%)
Nortel Networks Ltd.
9.730%, 7/15/11 § (l)		2,425,000		2,503,812
10.125%, 7/15/13 §		1,650,000		1,740,750
10.750%, 7/15/16 §		950,000		1,016,500
				5,261,062
Computers & Peripherals (0.1%)
Solar Capital Corp.
7.215%, 2/11/13 §		1,989,950		2,009,850
Electronic Equipment & Instruments (0.6%)
Celestica, Inc.
7.875%, 7/1/11		5,060,000		5,085,300
7.625%, 7/1/13		2,300,000		2,282,750
Samina-SCI Corp.
8.125%, 3/1/16		1,875,000		1,837,500
Solectron Global Finance Ltd.
8.000%, 3/15/16		2,700,000		2,673,000
				11,878,550
IT Services (1.0%)
Iron Mountain, Inc.
8.625%, 4/1/13		2,438,000		2,492,855
6.625%, 1/1/16		4,000,000		3,760,000

34

AXA PREMIER VIP TRUST

AXA PREMIER VIP HIGH YIELD PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2006 (Unaudited)

	Principal Amount		Value (Note 1)
Sungard Data Systems, Inc.
9.125%, 8/15/13	$	7,485,000	$	7,746,975
9.125%, 8/15/13 §		4,000,000		4,140,000
				18,139,830
Office Electronics (0.5%)
Xerox Capital Trust I
8.000%, 2/1/27		1,000,000		1,020,000
Xerox Corp.
7.625%, 6/15/13		2,300,000		2,415,000
6.400%, 3/15/16		3,000,000		2,985,000
7.200%, 4/1/16		1,675,000		1,758,750
				8,178,750
Semiconductors & Semiconductor Equipment (0.6%)
Amkor Technologies, Inc.
9.250%, 6/1/16		3,000,000		2,812,500
Freescale Semiconductor, Inc.
7.125%, 7/15/14		3,000,000		3,217,500
MagnaChip Semiconductor S.A./MagnaChip Semiconductor Finance Co.
6.875%, 12/15/11		3,500,000		2,800,000
Sensata Technologies B.V.
8.000%, 5/1/14 §		2,975,000		2,893,188
				11,723,188
Software (0.2%)
UGS Corp.
10.000%, 6/1/12		3,550,000		3,834,000
Total Information Technology				61,025,230
Materials (12.5%)
Chemicals (5.5%)
Arco Chemical Co.
10.250%, 11/1/10		100,000		108,500
BCI U.S. Finance Corp./Borden 2 Nova Scotia Finance ULC
11.007%, 7/15/10 § (l)		8,905,000		9,083,100
Cognis Holdings GmbH (PIK)
12.282%, 1/15/15 §	EUR	8,992,752		11,064,057
Equistar Chemicals LP
8.750%, 2/15/09	$	750,000		776,250
Equistar Chemicals LP/Equistar Funding Corp.
10.625%, 5/1/11		7,582,000		8,131,695
Ferro Corp., Term Loan
0.750%, 6/6/12 (l)		2,222,222		2,220,833
8.580%, 6/6/12 (l)		1,333,334		1,332,500
8.731%, 6/6/12 (l)		277,778		277,604
8.735%, 6/6/12 (l)		1,166,667		1,165,938
Headwaters, Inc.
7.500%, 4/30/11 § (b) (l)		2,372,201		2,364,788
Hercules, Inc.
6.750%, 10/15/29		4,650,000		4,423,313
Huntsman LLC
11.500%, 7/15/12		2,734,000		3,109,925
Ineos Group Holdings plc
6.904%, 10/7/13 § (b)		1,000,000		1,007,917
7.404%, 10/7/14 § (b)		1,000,000		1,007,917
8.500%, 2/15/16 §		12,475,000		11,882,438
Lyondell Chemical Co.
9.500%, 12/15/08		3,296,000		3,390,760
8.000%, 9/15/14		1,175,000		1,189,688
8.250%, 9/15/16		1,075,000		1,091,125
Nalco Co.
7.750%, 11/15/11		1,950,000		1,989,000
8.875%, 11/15/13		2,650,000		2,762,625
OM Group, Inc.
9.250%, 12/15/11		6,905,000		7,181,200
Phibro Animal Health Corp.
13.000%, 8/1/14 §	$	4,850,000	$	4,898,500
PQ Corp.
7.500%, 2/15/13		3,500,000		3,325,000
Rhodia S.A.
7.625%, 6/1/10		1,550,000		1,596,500
10.250%, 6/1/10		3,040,000		3,404,800
8.875%, 6/1/11		7,121,000		7,352,433
Rockwood Specialties Group, Inc.
7.500%, 11/15/14		4,680,000		4,609,800
SigmaKalon
10.500%, 8/15/15 § (b)	EUR$	984,772		1,243,172
				101,991,378
Construction Materials (0.0%)
IDACORP, Inc.
7.330%, 4/30/11 (b) (l)	$	324,675		323,660
Containers & Packaging (3.1%)
Crown Americas LLC/Crown Americas Capital Corp.
7.625%, 11/15/13 §		875,000		885,938
7.750%, 11/15/15		1,700,000		1,721,250
Graham Packaging Co., Inc.
8.500%, 10/15/12		8,125,000		8,043,750
Greif, Inc.
8.875%, 8/1/12		1,905,000		1,990,725
Impress Holdings
9.250%, 9/15/14 §	EUR	8,000,000		9,842,644
Jefferson Smurfit Corp.
8.250%, 10/1/12	$	6,502,000		6,225,665
7.500%, 6/1/13		400,000		369,000
JSG Packaging Ltd.
5.562%, 11/29/13 § (l)	EUR	154,513		196,659
5.650%, 11/29/13 § (l)		116,205		147,902
5.754%, 11/29/13 § (l)		103,008		131,106
5.835%, 11/29/13 § (l)		200,294		254,927
6.062%, 11/29/14 § (l)		154,513		197,572
6.090%, 11/29/14 § (l)		103,008		131,715
6.150%, 11/29/14 § (l)		116,205		148,589
6.335%, 11/29/14 § (l)		200,294		256,112
Kappa Jefferson, Term B Loan
5.741%, 2/1/11 (l)		375,981		478,536
Term C Loan
6.241%, 10/25/11 (l)		375,981		480,759
Norampac, Inc.
6.750%, 6/1/13	$	1,675,000		1,582,875
Owens-Brockway Glass Container, Inc.
8.875%, 2/15/09		3,674,000		3,775,035
8.750%, 11/15/12		5,104,000		5,384,720
8.250%, 5/15/13		1,375,000		1,409,375
6.750%, 12/1/14		8,225,000		7,813,750
Russell-Stanley Holdings, Inc. (PIK)
9.000%, 11/30/08 § † (h)		1,600,275		26,005
Smurfit-Stone Container Enterprises, Inc.
9.750%, 2/1/11		2,578,000		2,655,340
8.375%, 7/1/12		4,175,000		4,008,000
				58,157,949
Metals & Mining (1.2%)
Alpha Natural Resources LLC/Alpha Natural Resources Capital Corp.
10.000%, 6/1/12		3,625,000		3,896,875
Compass Minerals International, Inc., Series B
0.000%, 6/1/13 (e)		6,461,000		6,008,730
Edgen Acquisition Corp.
9.875%, 2/1/11		6,982,000		6,912,180

35

AXA PREMIER VIP TRUST

AXA PREMIER VIP HIGH YIELD PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2006 (Unaudited)

	Principal Amount		Value (Note 1)
FMG Finance Property Ltd.
10.625%, 9/1/16 §	$	3,000,000	$	2,880,000
Novelis, Inc.
8.250%, 2/15/15 §		2,540,000		2,413,000
				22,110,785
Paper & Forest Products (2.7%)
Abitibi-Consolidated Co. of Canada
8.375%, 4/1/15		2,200,000		2,002,000
Abitibi-Consolidated, Inc.
8.550%, 8/1/10		2,475,000		2,456,438
7.750%, 6/15/11		1,750,000		1,601,250
8.890%, 6/15/11 (l)		1,500,000		1,470,000
6.000%, 6/20/13		4,275,000		3,473,437
8.850%, 8/1/30		1,925,000		1,617,000
Bowater Canada Finance Corp.
7.950%, 11/15/11		3,730,000		3,562,150
Cascades, Inc.
7.250%, 2/15/13		1,875,000		1,828,125
Georgia-Pacific Corp.
9.500%, 12/1/11		900,000		969,750
7.700%, 6/15/15		900,000		895,500
8.000%, 1/15/24		5,480,000		5,397,800
7.375%, 12/1/25		5,100,000		4,819,500
7.250%, 6/1/28		3,050,000		2,851,750
7.750%, 11/15/29		800,000		768,000
Term Loan B
7.367%, 12/24/12 (l)		370,952		371,635
7.390%, 12/24/12 (l)		1,523,810		1,526,614
7.485%, 12/24/12 (l)		95,238		95,413
Koch Forest Products, Inc.
8.390%, 12/23/13 § (b) (l)		4,500,000		4,539,186
Neenah Paper, Inc.
7.375%, 11/15/14		2,750,000		2,578,125
Newark Group, Inc.
9.750%, 3/15/14		3,900,000		3,783,000
Smurfit Capital Funding plc
7.500%, 11/20/25		300,000		280,500
Verso Paper Holdings LLC/ Verson Paper, Inc.
9.125%, 8/1/14 §		3,350,000		3,370,938
				50,258,111
Total Materials				232,841,883
Telecommunication Services (6.7%)
Diversified Telecommunication Services (4.9%)
Cincinnati Bell, Inc.
7.250%, 7/15/13		3,825,000		3,911,062
8.375%, 1/15/14		6,625,000		6,691,250
Citizens Communications Co.
9.000%, 8/15/31		3,490,000		3,743,025
Hawaiian Telcom Communications, Inc., Series B
9.750%, 5/1/13		4,425,000		4,546,687
Insight Midwest LP/ Insight Capital, Inc.
9.750%, 10/1/09		3,815,000		3,881,762
9.750%, 10/1/09		1,185,000		1,205,738
Level 3 Communications, Inc.
11.000%, 3/15/08		2,493,000		2,561,558
Nordic Telephone Co. Holdings ApS
5.707%, 11/30/13 § (b)	EUR	2,000,000		2,559,320
8.250%, 5/1/16 § (b)		1,500,000		2,052,134
8.750%, 5/1/16 § (b)		2,000,000		2,736,179
8.875%, 5/1/16 §	$	200,000		210,250
Qwest Capital Funding, Inc.
7.900%, 8/15/10		4,000,000		4,110,000
Qwest Communications International, Inc.
8.905%, 2/15/09 (l)	$	2,000,000	$	2,037,500
7.250%, 2/15/11		10,275,000		10,275,000
7.500%, 2/15/14		7,350,000		7,368,375
Series B
7.500%, 2/15/14		7,832,000		7,851,580
Qwest Corp.
8.875%, 3/15/12		7,400,000		8,075,250
7.500%, 6/15/23		5,000,000		4,950,000
7.200%, 11/10/26		600,000		576,000
Time Warner Telecom Holdings, Inc.
9.250%, 2/15/14		5,300,000		5,578,250
Wind Acquisition Finance S.A.
5.634%, 6/17/13 § (b)	EUR	1,000,000		1,268,333
6.134%, 6/17/14 § (b)		1,000,000		1,274,667
10.750%, 12/1/15 §	$	1,600,000		1,766,000
Windstream Corp.
8.625%, 8/1/16 §		1,800,000		1,926,000
				91,155,920
Wireless Telecommunication Services (1.8%)
American Cellular Corp., Series B
10.000%, 8/1/11		3,625,000		3,797,187
Centennial Cellular Corp./Centennial Cellular Operating Co. LLC
10.750%, 12/15/08		5,800,000		5,872,500
Mobile Telesystems Finance S.A.
8.375%, 10/14/10 (b) (m)		1,000,000		1,033,800
8.000%, 1/28/12 §		4,180,000		4,242,700
Nextel Communications, Inc., Series D
7.375%, 8/1/15		4,525,000		4,668,619
Rogers Wireless, Inc.
6.375%, 3/1/14		2,300,000		2,291,375
7.500%, 3/15/15		5,590,000		5,967,325
Rural Cellular Corp.
9.875%, 2/1/10		2,925,000		3,049,313
Stratos Global Corp.
9.875%, 2/15/13 §		3,600,000		3,060,000
				33,982,819
Total Telecommunication Services				125,138,739
Utilities (6.4%)
Electric Utilities (2.2%)
Edison Mission Energy
7.730%, 6/15/09		1,000,000		1,027,500
7.500%, 6/15/13 §		1,450,000		1,464,500
7.750%, 6/15/16 §		1,450,000		1,468,125
Midwest Generation LLC
8.750%, 5/1/34		2,150,000		2,295,125
Series A
8.300%, 7/2/09		6,942,279		7,081,125
Series B
8.560%, 1/2/16		3,840,081		4,080,086
Term B Loan
4.380%, 4/27/11 §		8,562		8,559
Mirant Americas Generation LLC
8.300%, 5/1/11		5,750,000		5,757,188
MSW Energy Holdings II LLC/ MSW Energy Finance Co. II, Inc.
7.375%, 9/1/10		1,865,000		1,865,000
Reliant Energy, Inc.
9.250%, 7/15/10		1,000,000		1,037,500
6.750%, 12/15/14		5,225,000		4,970,281
Sierra Pacific Resources
7.803%, 6/15/12		1,000,000		1,053,841
8.625%, 3/15/14		3,300,000		3,563,066
6.750%, 8/15/17		2,050,000		2,050,865

36

AXA PREMIER VIP TRUST

AXA PREMIER VIP HIGH YIELD PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2006 (Unaudited)

	Principal Amount		Value (Note 1)
Tenaska Alabama Partners LP
7.000%, 6/30/21 §	$	3,249,308	$	3,184,039
				40,906,800
Gas Utilities (0.8%)
ANR Pipeline Co.
8.875%, 3/15/10		1,000,000		1,048,665
SemGroup plc
8.750%, 11/15/15 §		1,650,000		1,664,438
Sonat, Inc.
7.625%, 7/15/11		5,250,000		5,381,250
Suburban Propane Partners LP/Suburban Energy Finance Corp.
6.875%, 12/15/13		7,500,000		7,237,500
				15,331,853
Independent Power Producers & Energy Traders (1.3%)
AES Corp.
8.750%, 5/15/13 §		4,875,000		5,228,437
Dynegy Holdings, Inc.
8.375%, 5/1/16		1,000,000		1,017,500
NRG Energy, Inc.
7.250%, 2/1/14		4,025,000		3,994,813
7.375%, 2/1/16		13,875,000		13,788,281
				24,029,031
Multi-Utilities (2.1%)
CMS Energy Corp.
7.750%, 8/1/10		2,610,000		2,740,500
8.500%, 4/15/11		3,500,000		3,780,000
6.300%, 2/1/12		1,400,000		1,386,000
Dynegy-Roseton Danskamme
7.270%, 11/8/10		6,500,000		6,597,500
7.670%, 11/8/16		1,950,000		1,989,000
Ipalco Enterprises, Inc.
8.375%, 11/14/08		1,700,000		1,746,750
PSEG Energy Holdings LLC
8.625%, 2/15/08		1,500,000		1,556,250
8.500%, 6/15/11		9,205,000		9,803,325
Reliant Energy Mid-Atlantic Power Holdings LLC
9.237%, 7/2/17		2,966,993		3,285,945
South Point Energy Center LLC/ Broad River Energy LLC/Rockgen Energy LLC
8.400%, 5/30/12 §		2,576,658		2,512,242
TECO Energy, Inc.
6.750%, 5/1/15		2,450,000		2,511,250
				37,908,762
Total Utilities				118,176,446
Total Long-Term Debt Securities (92.0%) (Cost $1,705,799,486)				1,709,502,157
CONVERTIBLE BONDS:
Consumer Discretionary (0.1%)
Media (0.1%)
EchoStar Communications Corp.
5.750%, 5/15/08		1,125,000		1,127,813
Total Consumer Discretionary				1,127,813
Financials (0.6%)
Capital Markets (0.2%)
Deutsche Bank AG/London
1.800%, 5/29/09 §		650,000		669,370
2.000%, 10/7/09 § (b)		1,300,000		1,297,270
Lehman Brothers Holdings, Inc.
1.383%, 6/15/09		650,000		700,180
2.070%, 6/15/09		650,000		679,185
3.119%, 6/15/09		650,000		688,675
Merrill Lynch & Co., Inc.
2.300%, 6/22/09 §	$	650,000	$	675,285
				4,709,965
Diversified Financial Services (0.4%)
IXIS Financial Products, Inc.
0.800%, 6/15/09 §		650,000		651,027
1.650%, 6/15/09 §		650,000		628,485
1.875%, 6/15/09 §		650,000		618,969
KRATON Polymers LLC/KRATON Polymers Capital Corp.
8.125%, 1/15/14		4,875,000		4,716,562
				6,615,043
Total Financials				11,325,008
Utilities (0.1%)
Multi-Utilities (0.1%)
CMS Energy Corp.
2.875%, 12/1/24		2,150,000		2,483,250
Total Utilities				2,483,250
Total Convertible Bonds (0.8%) (Cost $ 14,786,015)				14,936,071
	Number of Shares
COMMON STOCKS:
Consumer Discretionary (0.0%)
Media (0.0%)
RCN Corp.* † (b)
(Cost $—)		1,867		—
	Principal Amount
SHORT-TERM INVESTMENTS:
Commercial Paper (2.0%)
Bank of America Corp.
5.18%, 12/18/06 (p)	$	3,100,000		3,065,125
Danske Corp.
5.17%, 12/27/06 (n)(p)		4,700,000		4,641,297
Societe Generale Northern America, Inc.
4.22%, 10/10/06 (p)		12,700,000		12,685,141
4.33%, 10/11/06 (p)		2,700,000		2,696,436
UBS Finance Delaware LLC
4.33%, 10/11/06 (p)		9,700,000		9,687,196
4.82%, 10/24/06 (p)		3,700,000		3,688,160
Total Commercial Paper				36,463,355
Government Securities (0.0%)
U.S. Treasury Bills
4.79%, 12/14/06 (p) #		605,000		599,018
Time Deposit (3.7%)
JPMorgan Chase Nassau
4.78%, 10/2/06		68,164,065		68,164,065
Total Short-Term Investments (5.7%) (Cost/Amortized Cost $ 105,219,673)				105,226,438
Total Investments (98.5%) (Cost/Amortized Cost $1,825,805,174)				1,829,664,666
Other Assets Less Liabilities (1.5%)				27,011,713
Net Assets (100%)			$	1,856,676,379

37

AXA PREMIER VIP TRUST

AXA PREMIER VIP HIGH YIELD PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2006 (Unaudited)

* Non-income producing.

† Securities (totaling $26,005 or 0.00% of net assets) valued at fair value.

§ Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may only be resold to qualified institutional buyers. At September 30, 2006, the market value of these securities amounted to $348,006,229 or 18.74% 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.

# All, or a portion of security held by broker as collateral for financial futures contracts.

(b) Illiquid security.

(e) Step Bond - Coupon rate increases in increments to maturity. Rate disclosed is as of September 30, 2006. Maturity date disclosed is the ultimate maturity date.

(h) Security in default.

(l) Floating Rate Security. Rate disclosed is as of September 30, 2006.

(m) Regulation S is an exmption for securities offering 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.

(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.

(p) Yield to maturity.

Glossary:

ADR — American Depositary Receipt

PIK — Payment-in-Kind Security

At September 30, 2006 the Portfolio had the following futures contracts open: (Note 1)

Purchase	Number of Contracts	Expiration Date	Original Value		Value at 9/30/06		Unrealized Appreciation
U.S. Treasury Notes	500	December-06	$	53,523,437	$	54,031,250	$	507,813
EURODollar	155	December-07		36,800,875		36,893,875		93,000
EURODollar	117	March-08		27,794,025		27,856,238		62,213
EURODollar	45	June-08		10,697,625		10,712,250		14,625
EURODollar	53	September-08		12,570,850		12,612,675		41,825
EURODollar	53	December-08		12,565,363		12,607,375		42,012
EURODollar	8	June-09		1,895,000		1,901,700		6,700
EURODollar	8	March-09		1,895,800		1,902,400		6,600
							$	774,788

At September 30, 2006 the Portfolio had outstanding forward foreign currency contracts to buy/sell foreign currencies as follows: (Note 1)

	Local Contract Amount (000’s)	Cost on Origination Date		U.S. $ Current Value		Unrealized Appreciation/ (Depreciation)
Forward Foreign Currency Buy Contracts
European Union, expiring 10/31/06	2,003	$	2,548,064	$	2,541,413	$	(6,651	)
Forward Foreign Currency Sell Contracts
European Union, expiring 10/24/06	10,300	$	12,940,976	$	13,063,387	$	(122,411	)
European Union, expiring 10/31/06	32,166		40,927,697		40,812,328		115,369
European Union, expiring 12/15/06	11,850		15,128,302		15,071,699		56,603
European Union, expiring 12/15/06	13,710		17,663,430		17,496,322		167,108
						$	216,669
						$	210,018

38

AXA PREMIER VIP TRUST

AXA PREMIER VIP HIGH YIELD PORTFOLIO

PORTFOLIO OF INVESTMENTS (Concluded)

September 30, 2006 (Unaudited)

Investment security transactions for the nine months ended September 30, 2006 were as follows:

Cost of Purchases:
Stocks and long-term corporate debt securities	$	1,141,670,779
U.S. Government securities		272,363,251
	$	1,414,034,030
Net Proceeds of Sales and Redemptions:
Stocks and long-term corporate debt securities	$	1,144,248,552
U.S. Government securities		328,943,600
	$	1,473,192,152

As of September 30, 2006, 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	$	28,612,141
Aggregate gross unrealized depreciation		(25,622,073	)
Net unrealized appreciation	$	2,990,068
Federal income tax cost of investments	$	1,826,694,858

The Portfolio has a net capital loss carryforward of $304,284,721 of which $29,502,162 expires in the year 2007, $68,279,453 expires in the year 2008, $114,524,895 expires in the year 2009 and $91,978,211 expires in the year 2010.

See Notes to Financial Statements.

39

AXA PREMIER VIP TRUST

AXA PREMIER VIP INTERNATIONAL EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS

September 30, 2006 (Unaudited)

	Number of Shares	Value (Note 1)
COMMON STOCKS:
Australia (1.7%)
BHP Billiton Ltd.^	389,334	$	7,446,553
CSL Ltd.^	153,822		6,202,086
Macquarie Airports Management Ltd.	1,466,300		3,359,275
Macquarie Bank Ltd.	100,453		5,183,695
Macquarie Infrastructure Group^	656,000		1,566,528
QBE Insurance Group Ltd.	204,000		3,729,757
Sydney Roads Group*^	218,666		181,129
Zinifex Ltd	199,200		1,746,673
			29,415,696
Austria (0.6%)
Erste Bank der Oesterreichischen Sparkassen AG	88,019		5,474,555
OMV AG	62,000		3,209,083
voestalpine AG	38,000		1,567,806
			10,251,444
Belgium (1.3%)
Dexia	191,615		4,958,939
Fortis (virt-x Exchange)	194,300		7,878,606
Fortis (London International Exchange)^	175,809		7,126,594
KBC Groep N.V.	38,200		4,018,777
			23,982,916
Brazil (1.1%)
Cia Vale do Rio Doce (ADR)	203,706		4,391,901
Gafisa S.A.* §	193,444		2,499,357
Petroleo Brasileiro S.A. (ADR)	46,284		3,879,988
Unibanco-Uniao de Bancos Brasileiros S.A. (ADR)	120,895		8,946,230
			19,717,476
Canada (2.3%)
Canadian National Railway Co.	139,667		5,857,634
Canadian Natural Resources Ltd.	53,400		2,438,216
Celestica, Inc.*	106,000		1,138,242
Gerdau Ameristeel Corp.	391,200		3,559,073
Husky Energy, Inc.^	55,800		3,599,129
ING Canada, Inc.	65,200		3,257,516
IPSCO, Inc.	44,453		3,860,576
Nexen, Inc.^	63,900		3,422,243
Shoppers Drug Mart Corp.^	262,532		10,744,598
Teck Cominco Ltd., Class B	54,300		3,406,983
			41,284,210
Denmark (0.2%)
Carlsberg A/S	43,300		3,637,203
Finland (0.8%)
Nokia Oyj^	508,655		10,090,345
Sampo Oyj, Class A	161,700		3,367,462
			13,457,807
France (10.5%)
Accor S.A.	35,328		2,405,406
Arkema*	5,735		270,324
Assurances Generales de France^	24,400		3,069,234
BNP Paribas	206,238		22,167,231
Cie de Saint-Gobain^	120,626		8,740,331
Compagnie Generale des Etablissements Michelin, Class B (Registered)	33,800	$	2,474,773
Credit Agricole S.A.^	166,594		7,310,181
France Telecom S.A.	69,800		1,600,387
Imerys S.A.^	60,001		5,016,414
JC Decaux S.A.^	205,008		5,539,270
Lafarge S.A.^	69,505		8,963,028
LVMH Moet Hennessy Louis Vuitton S.A.	138,183		14,222,269
Renault S.A.^	104,800		12,007,726
Sanofi-Aventis^	218,491		19,429,498
Societe Generale^	54,700		8,696,049
Total S.A.^	534,032		35,008,100
Vallourec^	47,408		11,043,946
Veolia Environment^	311,620		18,793,792
			186,757,959
Germany (6.5%)
Allianz AG (Registered)	31,900		5,515,065
BASF AG	45,086		3,606,666
Bayerische Motoren Werke (BMW) AG	91,363		4,888,607
Continental AG	256,439		29,703,745
DaimlerChrysler AG	41,800		2,086,765
Deutsche Lufthansa AG (Registered)	260,900		5,522,573
Deutsche Post AG (Registered)^	201,976		5,296,159
E.ON AG^	80,100		9,485,105
Epcos AG*^	48,200		733,299
Fresenius Medical Care AG & Co. KGaA	19,500		2,530,434
Hypo Real Estate Holding AG	168,723		10,515,509
Linde AG	2,115		199,036
MAN AG	17,100		1,445,683
Muenchener Rueckversicherungs AG (Registered)	83,700		13,222,624
RWE AG	79,410		7,318,113
SAP AG	27,700		5,487,916
Siemens AG (Registered)	72,342		6,304,779
TUI AG^	145,200		2,994,415
			116,856,493
Hong Kong (2.1%)
CNOOC Ltd. (ADR)	68,145		5,675,797
Esprit Holdings Ltd.^	2,172,500		19,808,929
Kerry Properties Ltd.	260,986		954,551
Orient Overseas International Ltd.	174,000		707,857
Shangri-La Asia Ltd.^	4,008,973		8,910,829
Sino Land Co.^	1,009,675		1,788,125
			37,846,088
India (0.3%)
ICICI Bank Ltd. (ADR)	185,466		5,695,661
Ireland (0.3%)
Bank of Ireland	273,700		5,346,260
Italy (4.2%)
Banca Intesa S.p.A.^	2,120,157		13,938,829
Banca Popolare di Verona e Novara S.c.r.l	89,100		2,459,381
Buzzi Unicem S.p.A.^	158,000		3,732,732
ENI S.p.A	919,971		27,234,773
Fondiaria-Sai S.p.A.^	69,200		3,032,128
Fondiaria-Sai S.p.A. (RNC)	5,900		194,320
Italcementi S.p.A.^	157,800		3,991,866

40

AXA PREMIER VIP TRUST

AXA PREMIER VIP INTERNATIONAL EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2006 (Unaudited)

	Number of Shares	Value (Note 1)
Mediaset S.p.A.	339,200	$	3,641,552
San Paolo IMI S.p.A.^	406,491		8,573,459
UniCredito Italiano S.p.A	1,035,200		8,582,718
			75,381,758
Japan (20.9%)
Advantest Corp.	67,200		3,335,383
Alps Electric Co., Ltd.^	341,600		3,570,359
Astellas Pharma, Inc.^	148,400		5,970,440
Bank of Yokohama Ltd.	573,000		4,513,531
Canon, Inc.	304,500		15,887,181
Credit Saison Co., Ltd.^	327,800		13,826,655
Daikin Industries Ltd.^	263,464		7,810,308
Dainippon Ink & Chemicals, Inc.^	895,000		3,259,645
East Japan Railway Co.^	660		4,617,456
EDION Corp.	122,000		2,092,491
Hirose Electric Co., Ltd.^	19,200		2,545,039
Honda Motor Co., Ltd.^	433,100		14,563,224
Hoya Corp.^	184,700		6,961,547
Isuzu Motors Ltd.^	1,326,000		4,346,436
Itochu Corp.	502,000		3,890,484
Japan Tobacco, Inc.	2,134		8,296,328
JFE Holdings, Inc.^	254,700		9,988,235
Kobe Steel Ltd.	1,485,000		4,666,370
Leopalace21 Corp.	105,600		3,854,961
Marubeni Corp.^	1,907,000		9,497,446
Mitsubishi Corp.	521,500		9,805,870
Mitsubishi UFJ Financial Group, Inc.	1,019		13,118,875
Mitsui & Co., Ltd.^	336,000		4,274,527
Mitsui Chemicals, Inc.^	513,000		3,693,305
Mitsui Fudosan Co., Ltd.^	266,000		6,049,295
Mitsui O.S.K. Lines Ltd.^	687,000		5,079,837
Mitsui Trust Holdings, Inc.^	666,000		7,581,451
Mizuho Financial Group, Inc.	859		6,664,498
Nidec Corp.^	73,300		5,531,724
Nikko Cordial Corp.^	310,000		3,597,171
Nippon Electric Glass Co., Ltd.^	425,000		9,377,250
Nippon Mining Holdings, Inc.	379,500		2,683,966
Nippon Telegraph & Telephone Corp.	1,344		6,602,465
Nissan Motor Co., Ltd.^	511,200		5,728,350
Nitto Denko Corp.^	90,600		5,371,617
Nomura Holdings, Inc.	189,400		3,336,738
ORIX Corp.	39,000		10,785,161
Secom Co., Ltd.	14,000		693,686
Sega Sammy Holdings, Inc.^	348,238		11,208,270
Seiko Epson Corp.^	102,500		2,795,494
Seiyu Ltd.*^	1,334,000		2,214,577
Seven & I Holdings Co., Ltd.	189,300		6,092,745
Sharp Corp.^	364,000		6,243,171
Shin-Etsu Chemical Co., Ltd.	99,700		6,367,154
SMC Corp.	38,500		5,096,811
Sony Corp.^	131,600		5,327,980
Sumitomo Corp.	522,000		6,512,565
Sumitomo Heavy Industries Ltd.^	400,000		3,350,697
Sumitomo Metal Industries Ltd.	815,000		3,127,049
Sumitomo Mitsui Financial Group, Inc.	1,817		19,083,386
Sumitomo Realty & Development Co., Ltd.^	316,000		9,287,426
Tokyo Electric Power Co., Inc.^	191,500		5,514,759
Tokyo Gas Co., Ltd.^	873,000		4,377,385
Toyota Motor Corp.^	461,700	$	25,105,781
Yamada Denki Co., Ltd.^	84,900		8,514,090
			373,688,645
Luxembourg (0.2%)
SES Global S.A. (FDR)	186,800		2,799,320
Mexico (1.8%)
America Movil S.A. de C.V. (ADR)	406,945		16,021,425
Cemex S.A.B. de C.V. (ADR)*	429,089		12,906,997
Fomento Economico Mexicano S.A. de C.V. (ADR)	40,000		3,877,600
			32,806,022
Netherlands (5.2%)
ABN AMRO Holding N.V.	231,519		6,745,364
Buhrmann N.V.	207,700		3,128,306
European Aeronautic Defence & Space Co. N.V.	220,230		6,327,184
ING Groep N.V. (CVA)	803,607		35,313,350
Koninklijke Philips Electronics N.V.	145,732		5,108,048
Mittal Steel Co. N.V.	210,851		7,355,811
Reed Elsevier N.V.	380,122		6,331,982
Royal Dutch Shell plc, Class A	333,000		10,954,867
Royal Dutch Shell plc, Class B	71,028		2,405,429
Wolters Kluwer N.V. (CVA)	341,676		8,903,068
			92,573,409
Singapore (1.3%)
CapitaLand Ltd.	1,754,000		5,583,522
DBS Group Holdings Ltd.	1,221,000		14,777,610
Flextronics International Ltd.*	167,400		2,115,936
Neptune Orient Lines Ltd.^	378,000		483,699
			22,960,767
South Korea (1.2%)
Samsung Electronics Co., Ltd.	30,640		21,494,939
Spain (1.6%)
Altadis S.A.	81,665		3,873,136
Banco Bilbao Vizcaya Argentaria S.A.^	394,700		9,124,749
Banco Popular Espanol S.A.^	246,805		4,042,438
Endesa S.A.	55,400		2,354,470
Repsol YPF S.A.	293,700		8,731,884
			28,126,677
Sweden (1.1%)
Telefonaktiebolaget LM Ericsson (ADR)	336,051		11,576,957
Telefonaktiebolaget LM Ericsson, Class B	2,518,200		8,727,822
			20,304,779
Switzerland (11.1%)
ABB Ltd. (Registered)	748,602		9,820,569
Adecco S.A. (Registered)	83,120		5,001,319
Credit Suisse Group (Registered)	166,000		9,577,814
Holcim Ltd. (Registered)	86,655		7,062,595
Lonza Group AG (Registered)^	215,848		14,906,844
Nestle S.A. (Registered)	77,028		26,782,733
Novartis AG (Registered)	223,611		13,017,746
Roche Holding AG	200,443		34,559,414
Syngenta AG (Registered)*	152,132		22,881,371
UBS AG (Registered)	660,090		39,375,360

41

AXA PREMIER VIP TRUST

AXA PREMIER VIP INTERNATIONAL EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2006 (Unaudited)

	Number of Shares		Value (Note 1)
Xstrata plc		150,720	$	6,213,531
Zurich Financial Services AG		35,585		8,719,240
				197,918,536
Taiwan (0.2%)
Taiwan Semiconductor Manufacturing Co., Ltd. (ADR)		413,226		3,966,970
United Kingdom (18.4%)
Acergy S.A.*^		473,816		8,104,513
AstraZeneca plc		145,900		9,097,182
Aviva plc		638,858		9,343,968
BAE Systems plc		3,412,486		25,194,631
Barclays plc		1,622,644		20,429,060
BG Group plc		549,362		6,659,913
BHP Billiton plc		95,900		1,651,638
BP plc		1,020,813		11,097,737
British American Tobacco plc		108,500		2,926,592
British Land Co. plc		255,331		6,505,537
Carphone Warehouse Group plc		1,057,664		6,070,226
Centrica plc		601,262		3,652,972
Corus Group plc		512,480		3,714,274
Diageo plc		961,812		16,951,079
Friends Provident plc		860,880		3,111,636
George Wimpey plc		132,500		1,282,067
GlaxoSmithKline plc		479,429		12,734,712
Greene King plc		173,300		2,923,153
HBOS plc		462,790		9,137,433
HSBC Holdings plc^		1,002,000		18,272,540
J. Sainsbury plc		860,412		6,035,061
Kingfisher plc		894,169		4,096,320
Man Group plc		1,416,507		11,853,920
Mitchells & Butlers plc		295,300		3,251,715
Reckitt Benckiser plc		307,276		12,707,833
Royal & Sun Alliance Insurance Group		939,084		2,613,701
Royal Bank of Scotland Group plc		598,322		20,553,318
Schroders plc		187,220		3,252,374
Smith & Nephew plc		472,641		4,337,098
Standard Chartered plc		287,104		7,336,528
Taylor Woodrow plc		277,500		1,838,868
Tesco plc		3,370,707		22,666,723
Vodafone Group plc		10,513,321		24,007,892
Whitbread plc		34,045		823,547
Wm. Morrison Supermarkets plc		1,153,584		5,241,641
Wolseley plc		447,266		9,407,398
Wolverhampton & Dudley Breweries plc		81,000		2,178,777
WPP Group plc		622,964		7,703,466
				328,767,043
Total Common Stocks (94.9%) (Cost $1,487,703,100)				1,695,038,078
	Principal Amount
SHORT-TERM INVESTMENTS:
Short-Term Investments of Cash Collateral for Securities Loaned (16.9%)
Accredited Mortgage Loan Trust, Series 06-2 A1
5.37%, 6/27/08(l)	$	1,287,906		1,287,906
ASAP Funding Ltd.
5.37%, 10/10/06		4,307,805		4,307,805
5.33%, 10/19/06		8,881,974		8,881,974
Bavaria TRR Corp.
5.32%, 10/3/06	$	7,894,059	$	7,894,059
Cedar Springs Capital Co. LLC
5.29%, 10/5/06		5,933,684		5,933,684
5.30%, 10/5/06		8,895,291		8,895,291
Credit Suisse First Boston/London
5.30%, 10/2/06		14,871,289		14,871,289
Deutsche Bank/London
5.34%, 1/31/07 (l)		3,965,677		3,965,677
Fenway Funding LLC
5.33%, 10/20/06		4,958,848		4,958,848
Fifth Third Bancorp
5.31%, 10/29/07 (l)		594,852		594,852
Fortis Bank/Brussels
5.43%, 10/2/06		27,759,739		27,759,739
Goldman Sachs Group, Inc.
5.39%, 10/1/07 (l)		2,181,122		2,181,122
Harris Nesbit Corp.
5.42%, 10/2/06		9,914,192		9,914,192
Hartford Life, Inc.
5.46%, 10/1/07 (l)		1,586,271		1,586,271
Legacy Capital Co. LLC
5.29%, 10/10/06		3,420,900		3,420,900
Lehman Brothers Bankhaus AG
5.32%, 12/12/06 (l)		7,336,502		7,336,502
Lehman Brothers, Inc.
5.53%, 12/29/06 (l)		693,993		693,993
Natexis Banques Populaires N.Y.
5.35%, 1/31/07 (l)		991,419		991,419
5.37%, 1/28/08 (l)		5,948,515		5,948,515
New York Life Insurance Co.
5.41%, 12/29/06 (l)		4,957,096		4,957,096
Nomura Securities Co., Ltd.
5.43%, 10/2/06		119,298,741		119,298,741
Norinchukin Bank/London
5.35%, 10/2/06		17,845,546		17,845,546
5.29%, 10/10/06		9,914,192		9,914,192
Scaldis Capital LLC
5.29%, 10/27/06		9,870,653		9,870,653
Sumitomo Mitsui Banking Corp. N.Y.
5.32%, 11/1/06		9,914,192		9,914,192
Thames Asset Global Securitization, Inc.
5.29%, 10/10/06		3,586,405		3,586,405
Three Pillars Funding Corp.
5.29%, 10/20/06		4,367,961		4,367,961
Total Short-Term Investments of Cash Collateral for Securities Loaned				301,178,824
Time Deposit (2.3%)
JPMorgan Chase Nassau
4.78%, 10/2/06		41,064,350		41,064,350
Total Short-Term Investments (19.2%) (Amortized Cost $342,243,174)				342,243,174
Total Investments (114.1%) (Cost/Amortized Cost $1,829,946,274)				2,037,281,252
Other Assets Less Liabilities (-14.1%)				(252,066,920	)
Net Assets (100%)			$	1,785,214,332

42

AXA PREMIER VIP TRUST

AXA PREMIER VIP INTERNATIONAL EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Concluded)

September 30, 2006 (Unaudited)

* 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 September 30, 2006, the market value of these securities amounted to $2,499,357 or 0.14% 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.,

Glossary:

ADR — American Depositary Receipt

CVA — Dutch Certification

FDR — Finnish Depositary Receipt

RNC — Risparmio Non-Convertible Savings Shares

Market Sector Diversification As a Percentage of Total Net Assets
Financials
Capital Markets	4.3	%
Commercial Banks	15.0
Consumer Finance	1.4
Diversified Financial Services	2.8
Insurance	3.3
Real Estate Management & Development	1.9
Thrifts & Mortgage Finance	0.6
Total Financials			29.3	%
Consumer Discretionary			13.7
Industrials			9.5
Materials			9.2
Energy			7.6
Consumer Staples			7.5
Information Technology			6.5
Health Care			6.0
Utilities			2.9
Telecommunications Services			2.7
Cash and Other			5.1
Total			100.0	%

Investment security transactions for the nine months ended September 30, 2006 were as follows:

Cost of Purchases:
Stocks and long-term corporate debt securities	$	1,169,489,508
Net Proceeds of Sales and Redemptions:
Stocks and long-term corporate debt securities	$	418,485,800

As of September 30, 2006, 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	$	220,633,302
Aggregate gross unrealized depreciation		(18,932,937	)
Net unrealized appreciation	$	201,700,365
Federal income tax cost of investments	$	1,835,580,887

At September 30, 2006, the Portfolio had loaned securities with a total value of $286,516,551. This was secured by collateral of $301,178,824 which was received as cash and subsequently invested in short-term investments as reported in the portfolio of investments.

See Notes to Financial Statements.

43

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AXA PREMIER VIP LARGE CAP CORE EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS

September 30, 2006 (Unaudited)

	Number of Shares	Value (Note 1)
COMMON STOCKS:
Consumer Discretionary (12.7%)
Auto Components (0.4%)
Autoliv, Inc.	18,200	$	1,003,002
BorgWarner, Inc.	16,600		949,022
Magna International, Inc., Class A	12,800		934,784
			2,886,808
Automobiles (1.0%)
DaimlerChrysler AG	19,400		969,224
Peugeot S.A.	84,300		4,748,817
Toyota Motor Corp. (ADR)^	10,500		1,143,450
			6,861,491
Hotels, Restaurants & Leisure (2.5%)
Las Vegas Sands Corp.*	96,200		6,575,270
McDonald’s Corp.	54,800		2,143,776
MGM MIRAGE*^	105,810		4,178,437
Starbucks Corp.*	133,455		4,544,143
			17,441,626
Household Durables (0.2%)
Black & Decker Corp.^	16,600		1,317,210
Internet & Catalog Retail (0.6%)
IAC/InterActiveCorp*^	132,434		3,808,802
Liberty Media Holding Corp., Interactive Class A*	24,150		492,177
			4,300,979
Leisure Equipment & Products (0.1%)
Mattel, Inc.	25,500		502,350
Media (3.9%)
CBS Corp., Class B^	50,450		1,421,176
Comcast Corp., Class A*^	68,555		2,526,252
Comcast Corp., Special Class A*	264,540		9,737,717
DIRECTV Group, Inc.*	293,673		5,779,485
Gannett Co., Inc.	23,100		1,312,773
Interpublic Group of Cos., Inc.*^	66,100		654,390
Liberty Media Holding Corp., Capital Series Class A*	4,830		403,643
Time Warner, Inc.	124,300		2,265,989
Viacom, Inc., Class B*	37,650		1,399,827
Walt Disney Co.	75,700		2,339,887
			27,841,139
Multiline Retail (1.9%)
Family Dollar Stores, Inc.	28,300		827,492
J.C. Penney Co., Inc.^	14,000		957,460
Nordstrom, Inc.	83,020		3,511,746
Saks, Inc.	35,900		620,352
Target Corp.	143,400		7,922,850
			13,839,900
Specialty Retail (1.9%)
Abercrombie & Fitch Co.	68,300		4,745,484
Gap, Inc.	35,500		672,725
Home Depot, Inc.	82,140		2,979,218
Limited Brands, Inc.	52,600		1,393,374
Office Depot, Inc.*	29,400		1,167,180
Staples, Inc.	93,672		2,279,040
			13,237,021
Textiles, Apparel & Luxury Goods (0.2%)
Jones Apparel Group, Inc.	31,300		1,015,372
V.F. Corp.	2,200		160,490
			1,175,862
Total Consumer Discretionary			89,404,386
Consumer Staples (6.2%)
Beverages (1.1%)
Coca-Cola Co.	53,975		2,411,603
Molson Coors Brewing Co., Class B	3,300		227,370
PepsiCo, Inc.	78,330	$	5,111,816
			7,750,789
Food & Staples Retailing (1.9%)
Kroger Co.	38,000		879,320
Rite Aid Corp.*^	511,100		2,320,394
Safeway, Inc.	28,900		877,115
Sysco Corp.	131,495		4,398,508
Wal-Mart Stores, Inc.	35,700		1,760,724
Whole Foods Market, Inc.	50,880		3,023,798
			13,259,859
Food Products (0.7%)
Archer-Daniels-Midland Co.	2,300		87,124
Bunge Ltd.^	7,100		411,445
General Mills, Inc.	24,800		1,403,680
Kellogg Co.^	26,100		1,292,472
Kraft Foods, Inc., Class A^	8,800		313,808
Sara Lee Corp.^	81,000		1,301,670
			4,810,199
Household Products (2.0%)
Colgate-Palmolive Co.	22,900		1,422,090
Kimberly-Clark Corp.	23,700		1,549,032
Procter & Gamble Co.	178,140		11,041,117
			14,012,239
Tobacco (0.5%)
Altria Group, Inc.	52,950		4,053,323
Total Consumer Staples			43,886,409
Energy (8.7%)
Energy Equipment & Services (0.5%)
Diamond Offshore Drilling, Inc.	7,125		515,636
GlobalSantaFe Corp.	13,900		694,861
Halliburton Co.	63,160		1,796,902
Rowan Cos., Inc.	9,500		300,485
Schlumberger Ltd.	3,200		198,496
			3,506,380
Oil, Gas & Consumable Fuels (8.2%)
Apache Corp.	94,800		5,991,360
BP plc (ADR)	16,900		1,108,302
Chevron Corp.	176,693		11,460,308
ConocoPhillips	130,900		7,792,477
EOG Resources, Inc.	74,170		4,824,759
Exxon Mobil Corp.	239,030		16,038,913
Marathon Oil Corp.	16,500		1,268,850
Occidental Petroleum Corp.	81,665		3,928,903
Royal Dutch Shell plc, Class A (ADR)	16,400		1,084,040
Total S.A. (Sponsored ADR)	18,300		1,206,702
Valero Energy Corp.	65,890		3,391,358
			58,095,972
Total Energy			61,602,352
Financials (17.5%)
Capital Markets (3.5%)
Bank of New York Co., Inc.	47,300		1,667,798
Charles Schwab Corp.	331,100		5,926,690
Federated Investors, Inc., Class B	10,700		361,767
Goldman Sachs Group, Inc.	7,900		1,336,443
Janus Capital Group, Inc.	56,400		1,112,208
Lehman Brothers Holdings, Inc.	6,700		494,862
Mellon Financial Corp.	28,500		1,114,350
Merrill Lynch & Co., Inc.	109,240		8,544,753
Morgan Stanley	3,100		226,021
optionsXpress Holdings, Inc.^	116,900		3,259,172
Waddell & Reed Financial, Inc.^	15,900		393,525
			24,437,589
Commercial Banks (2.0%)
BB&T Corp.	1,600		70,048

44

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AXA PREMIER VIP LARGE CAP CORE EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2006 (Unaudited)

	Number of Shares	Value (Note 1)
Comerica, Inc.^	21,450	$	1,220,934
Fifth Third Bancorp^	5,300		201,824
Huntington Bancshares, Inc./Ohio	29,250		699,952
KeyCorp^	7,975		298,584
Lloyds TSB Group plc	538,850		5,430,312
National City Corp.^	39,600		1,449,360
PNC Financial Services Group, Inc.	5,100		369,444
SunTrust Banks, Inc.	21,500		1,661,520
U.S. Bancorp	15,350		509,927
Wachovia Corp.^	23,600		1,316,880
Wells Fargo & Co.	32,200		1,164,996
			14,393,781
Consumer Finance (1.3%)
American Express Co.	158,240		8,874,099
Diversified Financial Services (3.3%)
Bank of America Corp.	102,300		5,480,211
Citigroup, Inc.	178,250		8,853,678
JPMorgan Chase & Co.	91,000		4,273,360
NYSE Group, Inc.*^	67,500		5,045,625
			23,652,874
Insurance (4.6%)
ACE Ltd.	13,800		755,274
Aflac, Inc.	5,000		228,800
Allstate Corp.	7,900		495,567
American International Group, Inc.	180,900		11,986,434
Aon Corp.	39,500		1,337,865
Chubb Corp.	30,800		1,600,368
Genworth Financial, Inc.	40,700		1,424,907
Hartford Financial Services Group, Inc.	15,500		1,344,625
MBIA, Inc.^	73,141		4,493,783
MetLife, Inc.	34,650		1,963,962
Old Republic International Corp.	21,600		478,440
PartnerReinsurance Ltd.^	900		60,813
Prudential Financial, Inc.	7,600		579,500
RenaissanceRe Holdings Ltd.^	11,800		656,080
St. Paul Travelers Cos., Inc.	37,299		1,748,950
Torchmark Corp.	16,100		1,016,071
UnumProvident Corp.^	39,300		762,027
XL Capital Ltd., Class A^	17,800		1,222,860
			32,156,326
Thrifts & Mortgage Finance (2.8%)
Astoria Financial Corp.	8,250		254,265
Countrywide Financial Corp.	37,300		1,306,992
Fannie Mae	150,900		8,436,819
Freddie Mac	120,566		7,997,143
Washington Mutual, Inc.	39,900		1,734,453
			19,729,672
Total Financials			123,244,341
Health Care (15.5%)
Biotechnology (3.3%)
Amgen, Inc.*	144,375		10,327,144
Celgene Corp.*	61,850		2,678,105
Genentech, Inc.*	61,330		5,071,991
Gilead Sciences, Inc.*	76,590		5,261,733
			23,338,973
Health Care Equipment & Supplies (0.6%)
Alcon, Inc.	16,005		1,832,573
Zimmer Holdings, Inc.*	41,335		2,790,112
			4,622,685
Health Care Providers & Services (4.1%)
AmerisourceBergen Corp.	15,100		682,520
Cardinal Health, Inc.	15,900		1,045,266
Caremark Rx, Inc.	181,415		10,280,788
Coventry Health Care, Inc.*	120,410		6,203,523
UnitedHealth Group, Inc.	67,015		3,297,138
WellPoint, Inc.*	94,250	$	7,261,962
			28,771,197
Health Care Technology (0.6%)
Eclipsys Corp.*^	223,524		4,003,315
Life Sciences Tools & Services (0.9%)
Fisher Scientific International, Inc.*	81,650		6,388,296
Pharmaceuticals (6.0%)
Abbott Laboratories	6,300		305,928
Eli Lilly & Co.	68,895		3,927,015
GlaxoSmithKline plc (ADR)^	11,800		628,114
Johnson & Johnson	182,895		11,877,201
Merck & Co., Inc.	68,775		2,881,673
Pfizer, Inc.	619,250		17,561,930
Sanofi-Aventis (ADR)	81,630		3,630,086
Wyeth	34,000		1,728,560
			42,540,507
Total Health Care			109,664,973
Industrials (7.2%)
Aerospace & Defense (0.7%)
Boeing Co.	29,700		2,341,845
Lockheed Martin Corp.	11,800		1,015,508
Northrop Grumman Corp.	21,700		1,477,119
			4,834,472
Air Freight & Logistics (0.4%)
FedEx Corp.	26,675		2,899,039
United Parcel Service, Inc., Class B	600		43,164
			2,942,203
Airlines (0.4%)
JetBlue Airways Corp.*^	310,900		2,882,043
Building Products (0.0%)
Masco Corp.^	7,000		191,940
Commercial Services & Supplies (0.2%)
Avery Dennison Corp.	20,500		1,233,485
Electrical Equipment (0.2%)
Cooper Industries Ltd., Class A	5,225		445,275
Emerson Electric Co.	15,800		1,324,988
			1,770,263
Industrial Conglomerates (4.7%)
General Electric Co.	747,715		26,394,339
Textron, Inc.	8,700		761,250
Tyco International Ltd.	211,100		5,908,689
			33,064,278
Machinery (0.4%)
Crane Co.	2,300		96,140
Eaton Corp.	19,250		1,325,363
Ingersoll-Rand Co., Ltd., Class A	20,000		759,600
SPX Corp.^	14,000		748,160
			2,929,263
Road & Rail (0.2%)
CSX Corp.	17,800		584,374
Norfolk Southern Corp.	11,700		515,385
			1,099,759
Total Industrials			50,947,706
Information Technology (18.8%)
Communications Equipment (4.1%)
ADC Telecommunications, Inc.*	23,656		354,840
Cisco Systems, Inc.*	160,000		3,680,000
Corning, Inc.*	146,030		3,564,592
Motorola, Inc.	261,890		6,547,250
Nokia Oyj (ADR)	59,100		1,163,679
QUALCOMM, Inc.	232,445		8,449,376
Research In Motion Ltd.*^	47,095		4,834,773

45

AXA PREMIER VIP TRUST

AXA PREMIER VIP LARGE CAP CORE EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2006 (Unaudited)

	Number of Shares		Value (Note 1)
Tellabs, Inc.*		29,450	$	322,772
				28,917,282
Computers & Peripherals (4.7%)
Apple Computer, Inc.*		123,695		9,528,226
Dell, Inc.*^		211,950		4,840,938
EMC Corp.*		421,915		5,054,542
Hewlett-Packard Co.		162,505		5,962,308
International Business Machines Corp.		42,375		3,472,208
Lexmark International, Inc., Class A*^		22,700		1,308,882
SanDisk Corp.*		60,945		3,262,995
				33,430,099
Electronic Equipment & Instruments (0.4%)
Arrow Electronics, Inc.*^		15,000		411,450
Celestica, Inc.*^		39,900		428,526
Flextronics International Ltd.*		24,900		314,736
Ingram Micro, Inc., Class A*		16,000		306,560
Sanmina-SCI Corp.*		46,300		173,162
Solectron Corp.*		154,400		503,344
Tech Data Corp.*^		17,600		642,928
				2,780,706
Internet Software & Services (1.9%)
Google, Inc., Class A*		19,316		7,763,100
Yahoo!, Inc.*		232,910		5,887,965
				13,651,065
IT Services (1.2%)
Accenture Ltd., Class A		23,300		738,843
BearingPoint, Inc.*^		646,460		5,081,176
Ceridian Corp.*		35,700		798,252
Electronic Data Systems Corp.		53,800		1,319,176
First Data Corp.		19,300		810,600
				8,748,047
Semiconductors & Semiconductor Equipment (2.5%)
Advanced Micro Devices, Inc.*		135,695		3,372,021
Agere Systems, Inc.*		37,400		558,382
Applied Materials, Inc.		29,000		514,170
Intel Corp.		47,400		975,018
Samsung Electronics Co.,
Ltd. (GDR) §		14,788		5,187,127
Taiwan Semiconductor
Manufacturing Co., Ltd. (ADR)		126,200		1,211,520
Texas Instruments, Inc.		166,765		5,544,936
				17,363,174
Software (4.0%)
Adobe Systems, Inc.*		83,210		3,116,214
Microsoft Corp.		526,800		14,397,444
Oracle Corp.*		491,750		8,723,645
SAP AG (Sponsored ADR)^		38,090		1,885,455
				28,122,758
Total Information Technology				133,013,131
Materials (2.9%)
Chemicals (1.5%)
Air Products & Chemicals, Inc.		81,700		5,422,429
Dow Chemical Co.		46,500		1,812,570
E.I. du Pont de Nemours & Co.		13,700		586,908
Hercules, Inc.*		30,500		480,985
Lubrizol Corp.		22,800		1,042,644
PPG Industries, Inc.^		16,300		1,093,404
				10,438,940
Containers & Packaging (0.4%)
Bemis Co.		7,200		236,592
Crown Holdings, Inc.*		27,193		505,790
Owens-Illinois, Inc.*		54,400		838,848
Smurfit-Stone Container Corp.*		38,900		435,680
Sonoco Products Co.^		25,000	$	841,000
				2,857,910
Metals & Mining (1.0%)
Southern Copper Corp.^		75,800		7,011,500
Total Materials				20,308,350
Telecommunication Services (5.6%)
Diversified Telecommunication Services (2.5%)
AT&T, Inc.^		106,600		3,470,896
BellSouth Corp.		34,500		1,474,875
Chunghwa Telecom Co., Ltd. (ADR)^		244,482		4,231,983
Embarq Corp.		3,475		168,086
Level 3 Communications, Inc.*^		973,200		5,206,620
Verizon Communications, Inc.		84,700		3,144,911
				17,697,371
Wireless Telecommunication Services (3.1%)
American Tower Corp., Class A*		231,200		8,438,800
Crown Castle International Corp.*^		29,300		1,032,532
Leap Wireless International, Inc.*^		40,390		1,958,511
NII Holdings, Inc.*^		146,400		9,100,224
Sprint Nextel Corp.		96,400		1,653,260
				22,183,327
Total Telecommunication Services				39,880,698
Utilities (0.9%)
Electric Utilities (0.2%)
Entergy Corp.		10,200		797,946
Pinnacle West Capital Corp.^		20,300		914,515
				1,712,461
Independent Power Producers & Energy Traders (0.5%)
Constellation Energy Group, Inc.		4,625		273,800
TXU Corp.		47,900		2,994,708
				3,268,508
Multi-Utilities (0.2%)
Dominion Resources, Inc.		20,100		1,537,449
Total Utilities				6,518,418
Total Common Stocks (96.0%) (Cost $618,170,995)				678,470,764
	Principal Amount
SHORT-TERM INVESTMENTS:
Commercial Paper (1.4%)
Prudential Funding LLC
5.34%, 10/2/06 (p)	$	10,000,000		9,997,033
Short-Term Investments of Cash Collateral for Securities Loaned (11.0%)
Accredited Mortgage Loan Trust, Series 06-2 A1
5.37%, 6/27/08 (l)		332,698		332,698
ASAP Funding Ltd.
5.37%, 10/10/06		1,112,812		1,112,812
5.33%, 10/19/06		2,294,432		2,294,432
Bavaria TRR Corp.
5.32%, 10/3/06		2,039,229		2,039,229
Cedar Springs Capital Co. LLC
5.29%, 10/5/06		1,532,816		1,532,816
5.30%, 10/5/06		2,297,872		2,297,872
Credit Suisse First Boston/London
5.30%, 10/2/06		3,841,618		3,841,618
Deutsche Bank/London
5.34%, 1/31/07		1,024,432		1,024,432
Fenway Funding LLC
5.33%, 10/20/06		1,280,992		1,280,992

46

AXA PREMIER VIP TRUST

AXA PREMIER VIP LARGE CAP CORE EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Concluded)

September 30, 2006 (Unaudited)

	Principal Amount		Value (Note 1)
Fifth Third Bancorp
5.31%, 10/29/07 (l)	$	153,665	$	153,665
Fortis Bank/Brussels
5.43%, 10/2/06		7,171,021		7,171,021
Goldman Sachs Group, Inc.
5.39%, 10/1/07 (l)		563,437		563,437
Harris Nesbit Corp.
5.42%, 10/2/06		2,561,079		2,561,079
Hartford Life, Inc.
5.46%, 10/1/07 (l)		409,773		409,773
Legacy Capital Co. LLC
5.29%, 10/10/06		883,702		883,702
Lehman Brothers Bankhaus AG
5.32%, 12/12/06		1,895,198		1,895,198
Lehman Brothers, Inc.
5.53%, 12/29/06 (l)		179,276		179,276
Natexis Banques Populaires N.Y.
5.35%, 1/31/07 (l)		256,108		256,108
5.37%, 1/28/08 (l)		1,536,647		1,536,647
New York Life Insurance Co.
5.41%, 12/29/06 (l)		1,280,539		1,280,539
Nomura Securities Co., Ltd.
5.43%, 10/2/06		30,817,789		30,817,789
Norinchukin Bank/London
5.35%, 10/2/06		4,609,942		4,609,942
5.29%, 10/10/06		2,561,079		2,561,079
Scaldis Capital LLC
5.29%, 10/27/06		2,549,832		2,549,832
Sumitomo Mitsui Banking Corp. N.Y.
5.32%, 11/1/06		2,561,079		2,561,079
Thames Asset Global Securitization, Inc.
5.29%, 10/10/06		926,456		926,456
Three Pillars Funding Corp.
5.29%, 10/20/06		1,128,351		1,128,351
Total Short-Term Investments of Cash Collateral for Securities Loaned				77,801,874
Time Deposit (2.5%)
JPMorgan Chase Nassau
4.78%, 10/2/06	$	17,311,048	$	17,311,048
Total Short-Term Investments (14.9%) (Cost/Amortized Cost $105,111,439)				105,109,955
Total Investments (110.9%) (Cost/Amortized Cost $723,282,434)				783,580,719
Other Assets Less Liabilities (-10.9%)				(77,333,092	)
Net Assets (100%)			$	706,247,627

* 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 September 30, 2006, the market value of these securities amounted to $5,187,127 or 0.73% 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 September 30, 2006.

(p) Yield to maturity.

Glossary:

ADR — American Depositary Receipt

GDR — Global Depositary Receipt

Investment security transactions for the nine months ended September 30, 2006 were as follows:

Cost of Purchases:
Stocks and long-term corporate debt securities	$	373,730,865
Net Proceeds of Sales and Redemptions:
Stocks and long-term corporate debt securities	$	199,661,080

As of September 30, 2006, 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	$	71,608,466
Aggregate gross unrealized depreciation		(12,367,627	)
Net unrealized appreciation	$	59,240,839
Federal income tax cost of investments	$	724,339,880

At September 30, 2006, the Portfolio had loaned securities with a total value of $77,742,934. This was secured by collateral of $77,801,874 which was received as cash and subsequently invested in short-term investments as reported in the portfolio of investments.

For the nine months ended September 30, 2006, the Portfolio incurred approximately $5,966 as brokerage commissions with Sanford C. Bernstein & Co., Inc., an affiliated broker/dealer.

See Notes to Financial Statements.

47

AXA PREMIER VIP TRUST

AXA PREMIER VIP LARGE CAP GROWTH PORTFOLIO

PORTFOLIO OF INVESTMENTS

September 30, 2006 (Unaudited)

	Number of Shares	Value (Note 1)
COMMON STOCKS:
Consumer Discretionary (9.0%)
Hotels, Restaurants & Leisure (1.3%)
Marriott International, Inc., Class A^	47,700	$	1,843,128
Starbucks Corp.*	34,300		1,167,915
Starwood Hotels & Resorts Worldwide, Inc.	33,300		1,904,427
			4,915,470
Household Durables (0.7%)
Pulte Homes, Inc.^	78,380		2,497,187
Internet & Catalog Retail (1.3%)
Amazon.com, Inc.*	159,385		5,119,446
Media (1.9%)
Comcast Corp., Class A*	106,480		3,923,788
Walt Disney Co.^	111,195		3,437,038
			7,360,826
Multiline Retail (1.6%)
J.C. Penney Co., Inc.^	32,500		2,222,675
Kohl’s Corp.*	38,720		2,513,702
Target Corp.^	25,100		1,386,775
			6,123,152
Specialty Retail (1.0%)
Best Buy Co., Inc.	12,010		643,256
Lowe’s Cos., Inc.	78,340		2,198,220
Urban Outfitters, Inc.*^	54,500		964,105
			3,805,581
Textiles, Apparel & Luxury Goods (1.2%)
Coach, Inc.*	88,640		3,049,216
Polo Ralph Lauren Corp.^	22,000		1,423,180
Under Armour, Inc., Class A*	1,900		76,038
			4,548,434
Total Consumer Discretionary			34,370,096
Consumer Staples (5.4%)
Beverages (0.9%)
PepsiCo, Inc.^	54,600		3,563,196
Food & Staples Retailing (1.7%)
Wal-Mart Stores, Inc.	13,170		649,544
Walgreen Co.	112,825		5,008,302
Whole Foods Market, Inc.	12,590		748,224
			6,406,070
Household Products (2.8%)
Clorox Co.	20,800		1,310,400
Colgate-Palmolive Co.	20,300		1,260,630
Procter & Gamble Co.	127,050		7,874,559
			10,445,589
Total Consumer Staples			20,414,855
Energy (4.7%)
Energy Equipment & Services (4.3%)
Baker Hughes, Inc.	16,400		1,118,480
Schlumberger Ltd.^	193,920		12,028,858
Transocean, Inc.*	25,300		1,852,719
Weatherford International Ltd.*^	35,000		1,460,200
			16,460,257
Oil, Gas & Consumable Fuels (0.4%)
Canadian Natural Resources Ltd.	30,300		1,381,074
Total Energy			17,841,331
Financials (17.1%)
Capital Markets (4.4%)
Charles Schwab Corp.	74,850		1,339,815
Franklin Resources, Inc.	21,100		2,231,325
Goldman Sachs Group, Inc.	40,660		6,878,452
Legg Mason, Inc.	40,635		4,098,446
Merrill Lynch & Co., Inc.	21,830	$	1,707,543
State Street Corp.	10,150		633,360
			16,888,941
Commercial Banks (2.2%)
Commerce Bancorp, Inc./New Jersey^	135,330		4,967,964
U.S. Bancorp	49,900		1,657,678
Zions Bancorp^	20,400		1,628,124
			8,253,766
Consumer Finance (1.5%)
SLM Corp.	112,000		5,821,760
Diversified Financial Services (2.1%)
Chicago Mercantile Exchange Holdings, Inc.^	3,900		1,865,175
Citigroup, Inc.	58,180		2,889,801
JPMorgan Chase & Co.	66,287		3,112,837
			7,867,813
Insurance (5.0%)
American International Group, Inc.	109,080		7,227,641
Everest Reinsurance Group Ltd.	17,600		1,716,528
MetLife, Inc.	29,700		1,683,396
Progressive Corp.	338,400		8,304,336
			18,931,901
Real Estate Management & Development (0.5%)
CB Richard Ellis Group, Inc., Class A*^	83,900		2,063,940
Thrifts & Mortgage Finance (1.4%)
Countrywide Financial Corp.	146,000		5,115,840
Total Financials			64,943,961
Health Care (22.8%)
Biotechnology (8.4%)
Amgen, Inc.*^	68,600		4,906,958
Celgene Corp.*^	54,300		2,351,190
Genentech, Inc.*^	172,180		14,239,286
Genzyme Corp.*	66,500		4,486,755
Gilead Sciences, Inc.*^	87,010		5,977,587
			31,961,776
Health Care Equipment & Supplies (4.1%)
Alcon, Inc.	27,980		3,203,710
Medtronic, Inc.	26,800		1,244,592
St. Jude Medical, Inc.*	36,000		1,270,440
Stryker Corp.	28,800		1,428,192
Varian Medical Systems, Inc.*	94,700		5,056,033
Zimmer Holdings, Inc.*	48,400		3,267,000
			15,469,967
Health Care Providers & Services (4.6%)
Caremark Rx, Inc.	90,350		5,120,135
Medco Health Solutions, Inc.*	17,070		1,026,078
UnitedHealth Group, Inc.	67,590		3,325,428
WellPoint, Inc.*	102,430		7,892,231
			17,363,872
Health Care Technology (0.3%)
Cerner Corp.*^	29,860		1,355,644
Pharmaceuticals (5.4%)
Abbott Laboratories	50,900		2,471,704
Eli Lilly & Co.	21,720		1,238,040
Johnson & Johnson^	68,800		4,467,872
Merck & Co., Inc.	91,060		3,815,414
Novartis AG (ADR)	51,700		3,021,348
Schering-Plough Corp.	71,200		1,572,808

48

AXA PREMIER VIP TRUST

AXA PREMIER VIP LARGE CAP GROWTH PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2006 (Unaudited)

	Number of Shares		Value (Note 1)
Teva Pharmaceutical Industries Ltd. (ADR)		120,440	$	4,105,799
				20,692,985
Total Health Care				86,844,244
Industrials (7.8%)
Aerospace & Defense (3.0%)
Boeing Co.		73,540		5,798,629
United Technologies Corp.		87,140		5,520,319
				11,318,948
Air Freight & Logistics (1.2%)
Expeditors International of Washington, Inc.		71,600		3,191,928
FedEx Corp.		13,900		1,510,652
				4,702,580
Commercial Services & Supplies (0.2%)
Corporate Executive Board Co.		7,620		685,114
Electrical Equipment (0.4%)
Emerson Electric Co.		15,860		1,330,020
Industrial Conglomerates (2.5%)
General Electric Co.		273,610		9,658,433
Machinery (0.5%)
Danaher Corp.		29,600		2,032,632
Total Industrials				29,727,727
Information Technology (30.2%)
Communications Equipment (5.6%)
Cisco Systems, Inc.*		63,400		1,458,200
Corning, Inc.*		56,000		1,366,960
Motorola, Inc.		195,300		4,882,500
QUALCOMM, Inc.^		379,815		13,806,275
				21,513,935
Computers & Peripherals (7.2%)
Apple Computer, Inc.*^		132,920		10,238,828
Dell, Inc.*		84,450		1,928,838
Hewlett-Packard Co.		74,700		2,740,743
Network Appliance, Inc.*		277,035		10,253,065
SanDisk Corp.*^		14,700		787,038
Sun Microsystems, Inc.*		279,490		1,389,065
				27,337,577
Electronic Equipment & Instruments (0.4%)
Amphenol Corp., Class A		25,350		1,569,926
Internet Software & Services (7.4%)
eBay, Inc.*		218,170		6,187,301
Google, Inc., Class A*^		41,690		16,755,211
Yahoo!, Inc.*^		205,800		5,202,624
				28,145,136
IT Services (1.2%)
Cognizant Technology Solutions Corp., Class A*		33,600		2,488,416
Infosys Technologies Ltd. (ADR)^		28,380		1,354,578
Iron Mountain, Inc.*^		18,050		775,067
				4,618,061
Semiconductors & Semiconductor Equipment (4.0%)
Advanced Micro Devices, Inc.*		140,390		3,488,691
Broadcom Corp., Class A*^		180,035		5,462,262
Intel Corp.		62,400		1,283,568
Marvell Technology Group Ltd.*^		169,300		3,279,341
NVIDIA Corp.*		56,440		1,670,060
				15,183,922
Software (4.4%)
Adobe Systems, Inc.*		39,225		1,468,976
Autodesk, Inc.*		66,820		2,324,000
Electronic Arts, Inc.*		31,730		1,766,726
Microsoft Corp.		115,600		3,159,348
Salesforce.com, Inc.*^		165,900	$	5,952,492
SAP AG (Sponsored ADR)^		39,890		1,974,555
				16,646,097
Total Information Technology .				115,014,654
Materials (0.2%)
Chemicals (0.2%)
Monsanto Co.		15,540		730,535
Total Materials				730,535
Total Common Stocks (97.2%) (Cost $314,627,913)				369,887,403
	Principal Amount
SHORT-TERM INVESTMENTS
Short-Term Investments of Cash Collateral for Securities Loaned (12.0%)
Accredited Mortgage Loan Trust, Series 06-2 A1
5.37%, 6/27/08 (l)	$	195,511		195,511
ASAP Funding Ltd.
5.37%, 10/10/06		653,949		653,949
5.33%, 10/19/06		1,348,334		1,348,334
Bavaria TRR Corp.
5.32%, 10/3/06		1,198,363		1,198,363
Cedar Springs Capital Co. LLC
5.29%, 10/5/06		900,767		900,767
5.30%, 10/5/06		1,350,356		1,350,356
Credit Suisse First Boston/London
5.30%, 10/2/06		2,257,546		2,257,546
Deutsche Bank/London
5.34%, 1/31/07 (l)		602,012		602,012
Fenway Funding LLC
5.33%, 10/20/06		752,781		752,781
Fifth Third Bancorp
5.31%, 10/29/07 (l)		90,302		90,302
Fortis Bank/Brussels
5.43%, 10/2/06		4,214,086		4,214,086
Goldman Sachs Group, Inc.
5.39%, 10/1/07 (l)		331,107		331,107
Harris Nesbit Corp.
5.42%, 10/2/06		1,505,031		1,505,031
Hartford Life, Inc.
5.46%, 10/1/07 (l)		240,805		240,805
Legacy Capital Co. LLC
5.29%, 10/10/06		519,312		519,312
Lehman Brothers Bankhaus AG
5.32%, 12/12/06 (l)		1,113,723		1,113,723
Lehman Brothers, Inc.
5.53%, 12/29/06 (l)		105,352		105,352
Natexis Banques Populaires N.Y.
5.35%, 1/31/07 (l)		150,503		150,503
5.37%, 1/28/08 (l)		903,018		903,018
New York Life Insurance Co.
5.41%, 12/29/06 (l)		752,515		752,515
Nomura Securities Co., Ltd.
5.43%, 10/2/06		18,110,229		18,110,229
Norinchukin Bank/London
5.35%, 10/2/06		2,709,055		2,709,055
5.29%, 10/10/06		1,505,031		1,505,031
Scaldis Capital LLC
5.29%, 10/27/06		1,498,421		1,498,421
Sumitomo Mitsui Banking Corp. N.Y.
5.32%, 11/1/06		1,505,031		1,505,031
Thames Asset Global Securitization, Inc.
5.29%, 10/10/06		544,437		544,437

49

AXA PREMIER VIP TRUST

AXA PREMIER VIP LARGE CAP GROWTH PORTFOLIO

PORTFOLIO OF INVESTMENTS (Concluded)

September 30, 2006 (Unaudited)

	Principal Amount		Value (Note 1)
Three Pillars Funding Corp.
5.29%, 10/20/06	$	663,081	$	663,081
Total Short-Term Investments of Cash Collateral for Securities Loaned				45,720,658
Time Deposit (3.3%) JPMorgan Chase Nassau 4.78%, 10/2/06		12,674,359		12,674,359
Total Short-Term Investments (15.3%)     (Cost/Amortized Cost $58,395,018)				58,395,017
Total Investments (112.5%)     (Cost/Amortized Cost $373,022,931)				428,282,420
Other Assets Less Liabilities (-12.5%)				(47,708,392	)
Net Assets (100%)			$	380,574,028

* Non-income producing.

^ All, or a portion of security out on loan (See Note 1).

(l) Floating Rate Security. Rate disclosed is as of September 30, 2006.

Glossary:

ADR — American Depositary Receipt

Investment security transactions for the nine months ended September 30, 2006 were as follows:

Cost of Purchases:
Stocks and long-term corporate debt securities	$	151,327,774
Net Proceeds of Sales and Redemptions:
Stocks and long-term corporate debt securities	$	140,858,259

As of September 30, 2006, 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	$	61,944,256
Aggregate gross unrealized depreciation		(7,903,801	)
Net unrealized appreciation	$	54,040,455
Federal income tax cost of investments	$	374,241,965

At September 30, 2006, the Portfolio had loaned securities with a total value of $44,317,849. This was secured by collateral of $45,720,658 which was received as cash and subsequently invested in short-term investments as reported in the portfolio of investments.

For the nine months ended September 30, 2006, the Portfolio incurred approximately $112 as brokerage commissions with Sanford C. Bernstein & Co., Inc., an affiliated broker/dealer.

The Portfolio has a net capital loss carryforward of $2,087,567 which expires in the year 2012.

See Notes to Financial Statements.

50

AXA PREMIER VIP TRUST

AXA PREMIER VIP LARGE CAP VALUE PORTFOLIO

PORTFOLIO OF INVESTMENTS

September 30, 2006 (Unaudited)

	Number of Shares	Value (Note 1)
COMMON STOCKS:
Consumer Discretionary (10.6%)
Auto Components (0.1%)
Johnson Controls, Inc.	26,050	$	1,868,827
Hotels, Restaurants & Leisure (3.1%)
Hilton Hotels Corp.	215,000		5,987,750
Intercontinental Hotels Group plc (ADR)	636,250		11,223,450
McDonald’s Corp.	665,800		26,046,096
			43,257,296
Household Durables (1.1%)
Fortune Brands, Inc.	100,100		7,518,511
Pulte Homes, Inc.^	185,000		5,894,100
Toll Brothers, Inc.*^	78,900		2,215,512
			15,628,123
Leisure Equipment & Products (0.2%)
Hasbro, Inc.	88,510		2,013,603
Media (3.1%)
Comcast Corp., Special Class A*^	62,500		2,300,625
New York Times Co., Class A^	41,090		944,248
News Corp., Class A	486,800		9,565,620
Time Warner, Inc.	944,600		17,220,058
Viacom, Inc., Class B*	258,950		9,627,761
Walt Disney Co.	51,820		1,601,756
WPP Group plc	97,780		1,209,131
			42,469,199
Multiline Retail (0.8%)
Federated Department Stores, Inc.	65,730		2,840,193
Target Corp.	141,400		7,812,350
			10,652,543
Specialty Retail (1.8%)
Bed Bath & Beyond, Inc.*	89,500		3,424,270
Best Buy Co., Inc.	23,100		1,237,236
Home Depot, Inc.	385,740		13,990,790
Lowe’s Cos., Inc.	169,800		4,764,588
Sherwin-Williams Co.^	38,860		2,167,611
			25,584,495
Textiles, Apparel & Luxury Goods (0.4%)
Hanesbrands, Inc.*^	12,823		288,646
NIKE, Inc., Class B	60,220		5,276,476
			5,565,122
Total Consumer Discretionary			147,039,208
Consumer Staples (7.9%)
Beverages (0.5%)
Diageo plc	271,458		4,784,205
PepsiCo, Inc.	37,980		2,478,575
			7,262,780
Food & Staples Retailing (1.6%)
Wal-Mart Stores, Inc.	434,700		21,439,404
Food Products (0.8%)
Kellogg Co.	109,540		5,424,421
Nestle S.A. (Registered)	11,226		3,903,294
Sara Lee Corp.	102,590		1,648,621
Tyson Foods, Inc., Class A^	31,810		505,143
			11,481,479
Household Products (0.9%)
Procter & Gamble Co.	210,400		13,040,592
Tobacco (4.1%)
Altria Group, Inc.	714,830		54,720,237
Loews Corp.- Carolina Group	45,200		2,503,628
			57,223,865
Total Consumer Staples			110,448,120
Energy (10.8%)
Energy Equipment & Services (1.1%)
BJ Services Co.	74,900	$	2,256,737
GlobalSantaFe Corp.^	38,900		1,944,611
Halliburton Co.	264,000		7,510,800
Nabors Industries Ltd.*^	98,600		2,933,350
Noble Corp.	11,330		727,159
			15,372,657
Oil, Gas & Consumable Fuels (9.7%)
Apache Corp.	52,040		3,288,928
BP plc (ADR)	110,160		7,224,293
Chevron Corp.	131,049		8,499,838
ConocoPhillips	239,740		14,271,722
Devon Energy Corp.	68,770		4,342,826
EOG Resources, Inc.	46,240		3,007,912
Exxon Mobil Corp.	724,510		48,614,621
Hess Corp.^	429,000		17,769,180
Noble Energy, Inc.^	105,650		4,816,583
Talisman Energy, Inc.	135,000		2,211,300
Total S.A. (Sponsored ADR)^	312,390		20,598,997
			134,646,200
Total Energy			150,018,857
Financials (28.7%)
Capital Markets (4.4%)
Bank of New York Co., Inc.	132,010		4,654,673
Franklin Resources, Inc.	31,440		3,324,780
Goldman Sachs Group, Inc.	139,520		23,602,599
Lehman Brothers Holdings, Inc.	49,320		3,642,775
Mellon Financial Corp.	99,900		3,906,090
Merrill Lynch & Co., Inc.^	130,570		10,213,185
Northern Trust Corp.^	100,000		5,843,000
UBS AG (Registered)	106,964		6,380,563
			61,567,665
Commercial Banks (1.5%)
PNC Financial Services Group, Inc.	90,760		6,574,655
SunTrust Banks, Inc.	125,690		9,713,323
Wachovia Corp.^	85,000		4,743,000
			21,030,978
Consumer Finance (0.3%)
American Express Co.	79,740		4,471,819
Diversified Financial Services (11.3%)
Bank of America Corp.	1,161,559		62,224,716
Citigroup, Inc.	1,151,350		57,187,554
JPMorgan Chase & Co.	814,800		38,263,008
			157,675,278
Insurance (9.4%)
ACE Ltd.	135,300		7,404,969
Aflac, Inc.	20,690		946,774
Allstate Corp.	271,580		17,036,213
American International
Group, Inc.	572,300		37,920,598
Aon Corp.^	438,450		14,850,302
Axis Capital Holdings Ltd.	76,000		2,636,440
Chubb Corp.	57,940		3,010,562
Genworth Financial, Inc.	121,680		4,260,017
Hartford Financial Services Group, Inc.	52,330		4,539,628
MetLife, Inc.^	265,050		15,023,034
St. Paul Travelers Cos., Inc.	487,649		22,865,862
			130,494,399
Thrifts & Mortgage Finance (1.8%)
Fannie Mae	388,460		21,718,798

51

AXA PREMIER VIP TRUST

AXA PREMIER VIP LARGE CAP VALUE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2006 (Unaudited)

	Number of Shares	Value (Note 1)
Freddie Mac	35,360	$	2,345,429
			24,064,227
Total Financials			399,304,366
Health Care (9.5%)
Health Care Equipment & Supplies (1.4%)
Baxter International, Inc.	436,950		19,863,747
Health Care Providers & Services (1.6%)
CIGNA Corp.	20,570		2,392,702
UnitedHealth Group, Inc.	16,300		801,960
WellPoint, Inc.*	241,620		18,616,821
			21,811,483
Pharmaceuticals (6.5%)
Abbott Laboratories	55,120		2,676,627
Bristol-Myers Squibb Co.	327,900		8,171,268
Eli Lilly & Co.	195,640		11,151,480
Johnson & Johnson	199,600		12,962,024
Merck & Co., Inc.	298,730		12,516,787
Novartis AG (ADR)	444,500		25,976,580
Pfizer, Inc.	155,400		4,407,144
Wyeth	249,100		12,664,244
			90,526,154
Total Health Care			132,201,384
Industrials (11.6%)
Aerospace & Defense (4.3%)
Honeywell International, Inc.	432,450		17,687,205
Lockheed Martin Corp.	185,650		15,977,039
Northrop Grumman Corp.	153,850		10,472,569
United Technologies Corp.	248,560		15,746,276
			59,883,089
Air Freight & Logistics (0.4%)
United Parcel Service, Inc., Class B	77,900		5,604,126
Building Products (0.6%)
Masco Corp.^	316,530		8,679,253
Electrical Equipment (0.9%)
Cooper Industries Ltd., Class A	30,990		2,640,968
Emerson Electric Co.	109,300		9,165,898
Rockwell Automation, Inc.	3,900		226,590
			12,033,456
Industrial Conglomerates (2.6%)
General Electric Co.	983,600		34,721,080
Tyco International Ltd.	40,810		1,142,272
			35,863,352
Machinery (0.9%)
Deere & Co.	135,940		11,406,725
Illinois Tool Works, Inc.	19,040		854,896
			12,261,621
Road & Rail (1.7%)
Burlington Northern Santa Fe Corp.	80,730		5,928,811
Con-way, Inc.^	7,370		330,324
CSX Corp.	409,900		13,457,017
Norfolk Southern Corp.	63,320		2,789,246
Union Pacific Corp.	23,200		2,041,600
			24,546,998
Trading Companies & Distributors (0.2%)
Finning International, Inc.	8,670		290,723
W.W. Grainger, Inc.	43,980		2,947,539
			3,238,262
Total Industrials			162,110,157
Information Technology (8.1%)
Communications Equipment (2.5%)
Cisco Systems, Inc.*	385,580		8,868,340
Juniper Networks, Inc.*^	55,200		953,856
Motorola, Inc.^	647,600	$	16,190,000
QUALCOMM, Inc.	242,700		8,822,145
			34,834,341
Computers & Peripherals (2.2%)
Hewlett-Packard Co.	496,570		18,219,153
International Business Machines Corp.	103,600		8,488,984
Sun Microsystems, Inc.*	696,200		3,460,114
			30,168,251
Electronic Equipment & Instruments (0.3%)
Agilent Technologies, Inc.*	148,150		4,843,024
IT Services (0.6%)
Accenture Ltd., Class A	178,050		5,645,965
Fiserv, Inc.*	45,600		2,147,304
			7,793,269
Semiconductors & Semiconductor Equipment (0.9%)
Analog Devices, Inc.	44,070		1,295,217
Applied Materials, Inc.	471,600		8,361,468
Intel Corp.	177,110		3,643,153
			13,299,838
Software (1.6%)
BEA Systems, Inc.*	47,200		717,440
Microsoft Corp.	588,300		16,078,239
Oracle Corp.*	275,870		4,893,934
Symantec Corp.*^	45,350		965,048
			22,654,661
Total Information Technology			113,593,384
Materials (4.5%)
Chemicals (3.5%)
Air Products & Chemicals, Inc .	210,230		13,952,965
Dow Chemical Co.	89,120		3,473,898
E.I. du Pont de Nemours & Co.^	125,000		5,355,000
Imperial Chemical Industries plc (ADR)^	338,450		10,129,809
Nalco Holding Co.*	58,620		1,085,642
PPG Industries, Inc.	90,730		6,086,168
Praxair, Inc.	50,300		2,975,748
Syngenta AG (Registered)*	32,810		4,934,779
			47,994,009
Containers & Packaging (0.7%)
Smurfit-Stone Container Corp.*	78,980		884,576
Temple-Inland, Inc.	231,650		9,289,165
			10,173,741
Metals & Mining (0.1%)
Alcoa, Inc.	50,000		1,402,000
Paper & Forest Products (0.2%)
Bowater, Inc.^	11,500		236,555
International Paper Co.^	66,890		2,316,400
			2,552,955
Total Materials			62,122,705
Telecommunication Services (2.2%)
Diversified Telecommunication Services (1.4%)
AT&T, Inc.^	218,200		7,104,592
BellSouth Corp.	73,300		3,133,575
Embarq Corp.	47,032		2,274,938
Verizon Communications, Inc.	181,840		6,751,719
			19,264,824
Wireless Telecommunication Services (0.8%)
Sprint Nextel Corp.	437,220		7,498,323
Vodafone Group plc	1,780,487		4,065,865
			11,564,188
Total Telecommunication Services			30,829,012

52

AXA PREMIER VIP TRUST

AXA PREMIER VIP LARGE CAP VALUE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2006 (Unaudited)

	Number of Shares		Value (Note 1)
Utilities (4.4%)
Electric Utilities (2.1%)
Entergy Corp.		260,920	$	20,411,772
Exelon Corp.		15,280		925,051
FPL Group, Inc.^		146,720		6,602,400
PPL Corp.^		45,180		1,486,422
				29,425,645
Independent Power Producers & Energy Traders (0.2%)
TXU Corp.		42,800		2,675,856
Multi-Utilities (2.1%)
Dominion Resources, Inc.^		372,920		28,524,651
Public Service Enterprise Group, Inc.^		15,890		972,309
				29,496,960
Total Utilities				61,598,461
Total Common Stocks (98.3%) (Cost $ 1,248,071,699)				1,369,265,654
	Principal Amount
SHORT-TERM INVESTMENTS:
Commercial Paper (0.4%)
Jupiter Securization Corp. LLC
5.36%, 10/2/06 §(b)(p)	$	5,993,000		5,991,215
Short-Term Investments of Cash Collateral for Securities Loaned (3.9%)
ACCR, Series 06-2 A1
5.37%, 6/27/08 (l)		229,986		229,986
ASAP Funding Ltd.
5.33%, 10/19/06		1,586,086		1,586,086
5.37%, 10/10/06		769,260		769,260
Bavaria TRR Corp.
5.32%, 10/3/06		1,409,670		1,409,670
Cedar Springs Capital Co. LLC
5.29%, 10/5/06		1,059,599		1,059,599
5.30%, 10/5/06		1,588,464		1,588,464
Credit Suisse First Boston/London
5.30%, 10/2/06		2,655,619		2,655,619
Deutsche Bank/London
5.34%, 1/31/07		708,165		708,165
Fenway Funding LLC
5.33%, 10/20/06		885,519		885,519
Fifth Third Bancorp
5.31%, 10/29/07 (l)		106,225		106,225
Fortis Bank/Brussels
5.43%, 10/2/06		4,957,154		4,957,154
Goldman Sachs Group, Inc.
5.39%, 10/1/07 (l)		389,491		389,491
Harris Nesbit Corp.
5.42%, 10/2/06		1,770,413		1,770,413
Hartford Life, Inc.
5.46%, 10/1/07 (l)	$	283,266	$	283,266
Legacy Capital Co. LLC
5.29%, 10/10/06		610,882		610,882
Lehman Brothers Bankhaus AG
5.32%, 12/12/06		1,310,105		1,310,105
Lehman Brothers, Inc.
5.53%, 12/29/06 (l)		123,929		123,929
Natexis Banques Populaires N.Y.
5.35%, 1/31/07 (l)		177,041		177,041
5.37%, 1/28/08 (l)		1,062,248		1,062,248
New York Life Insurance Co.
5.41%, 12/29/06 (l)		885,206		885,206
Nomura Securities Co., Ltd.
5.43%, 10/2/06		21,303,600		21,303,600
Norinchukin Bank/London
5.29%, 10/10/06		1,770,413		1,770,413
5.35%, 10/2/06		3,186,743		3,186,743
Scaldis Capital LLC
5.29%, 10/27/06		1,762,638		1,762,638
Sumitomo Mitsui Banking Corp. N.Y.
5.32%, 11/1/06		1,770,413		1,770,413
Thames Asset Global Securitization, Inc.
5.29%, 10/10/06		640,437		640,437
Three Pillars Funding Corp.
5.29%, 10/20/06		780,002		780,002
Total Short-Term Investments of Cash Collateral for Securities Loaned				53,782,574
Time Deposit (1.6%)
JPMorgan Chase Nassau 4.78%, 10/2/06		22,037,628		22,037,628
Total Short-Term Investments (5.9%) (Cost/Amortized Cost $81,812,309)				81,811,417
Total Investments (104.2%) (Cost/Amortized Cost $1,329,884,008)				1,451,077,071
Other Assets Less Liabilities (-4.2%)				(58,010,120	)
Net Assets (100%)			$	1,393,066,951

* 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 September 30, 2006, the market value of these securities amounted to $5,991,215 or 0.43% 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.

(l) Floating Rate Security. Rate disclosed is as of September 30,

2006.

(p) Yield to maturity.

Glossary:

ADR — American Depositary Receipt

53

AXA PREMIER VIP TRUST

AXA PREMIER VIP LARGE CAP VALUE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Concluded)

September 30, 2006 (Unaudited)

Investment security transactions for the nine months ended September 30, 2006 were as follows:

Cost of Purchases:
Stocks and long-term corporate debt securities	$	1,021,770,141
Net Proceeds of Sales and Redemptions:
Stocks and long-term corporate debt securities	$	574,295,850

As of September 30, 2006, 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	$	132,570,706
Aggregate gross unrealized depreciation		(16,169,922	)
Net unrealized appreciation	$	116,400,784
Federal income tax cost of investments	$	1,334,676,287

At September 30, 2006, the Portfolio had loaned securities with a total value of $52,597,435. This was secured by collateral of $53,782,574 which was received as cash and subsequently invested in short-term investments as reported in the portfolio of investments.

For the nine months ended September 30, 2006, the Portfolio incurred approximately $32,554 as brokerage commissions with Sanford C. Bernstein & Co., Inc., an affiliated broker/dealer.

See Notes to Financial Statements.

54

AXA PREMIER VIP TRUST

AXA PREMIER VIP MID CAP GROWTH PORTFOLIO

PORTFOLIO OF INVESTMENTS

September 30, 2006 (Unaudited)

	Number of Shares	Value (Note 1)
COMMON STOCKS:
Consumer Discretionary (16.3%)
Auto Components (1.0%)
Drew Industries, Inc.*^	68,400	$	1,727,784
LKQ Corp.*^	166,800		3,664,596
Tenneco, Inc.*	64,460		1,507,719
			6,900,099
Diversified Consumer Services (1.9%)
ITT Educational Services, Inc.*	73,100		4,846,530
Jackson Hewitt Tax Service, Inc.	39,300		1,179,393
Laureate Education, Inc.*	13,400		641,324
Strayer Education, Inc.^	62,300		6,741,483
			13,408,730
Hotels, Restaurants & Leisure (5.9%)
BJ’s Restaurants, Inc.*^	57,700		1,269,977
Four Seasons Hotels, Inc.^	26,100		1,666,485
Gaylord Entertainment Co.*^	89,000		3,902,650
Hilton Hotels Corp.	10,800		300,780
International Game Technology	131,900		5,473,850
Marriott International, Inc., Class A	158,600		6,128,304
MGM MIRAGE*	91,900		3,629,131
Orient-Express Hotels Ltd.	210,300		7,861,014
Panera Bread Co., Class A*	71,700		4,176,525
Penn National Gaming, Inc.*	73,500		2,684,220
Red Lion Hotels Corp.*	57,100		614,396
Scientific Games Corp., Class A*	150,410		4,783,038
Station Casinos, Inc.^	4,400		254,452
			42,744,822
Household Durables (0.2%)
Garmin Ltd.^	10,700		521,946
Harman International Industries, Inc.	6,200		517,328
NVR, Inc.*^	410		219,350
			1,258,624
Internet & Catalog Retail (1.1%)
Coldwater Creek, Inc.*^	131,250		3,774,750
VistaPrint Ltd.*^	175,700		4,557,658
			8,332,408
Leisure Equipment & Products (0.8%)
MarineMax, Inc.*^	90,200		2,295,590
Pool Corp.^	88,500		3,407,250
			5,702,840
Media (0.5%)
Getty Images, Inc.*	60,000		2,980,800
XM Satellite Radio Holdings, Inc., Class A*	38,900		501,421
			3,482,221
Multiline Retail (0.0%)
Dollar General Corp	16,200		220,806
Specialty Retail (4.1%)
Advance Auto Parts, Inc.	8,600		283,284
Christopher & Banks Corp.	57,300		1,689,204
Cost Plus, Inc.*^	67,900		812,763
Dick’s Sporting Goods, Inc.*	156,700		7,132,984
GameStop Corp., Class A*^	197,780		9,153,259
HOT Topic, Inc.*^	94,300		1,050,502
J. Crew Group, Inc.*	62,200		1,870,354
Ross Stores, Inc.	9,700		246,477
Select Comfort Corp.*^	87,100		1,905,748
Tractor Supply Co.*^	30,400		1,467,104
Urban Outfitters, Inc.*^	209,300		3,702,517
Zumiez, Inc.*^	24,600		664,200
			29,978,396
Textiles, Apparel & Luxury Goods (0.8%)
Carter’s, Inc.*^	102,000		2,691,780
CROCS, Inc.*^	22,000	$	746,900
Under Armour, Inc., Class A*^	53,400		2,137,068
Wolverine World Wide, Inc.	17,480		494,859
			6,070,607
Total Consumer Discretionary			118,099,553
Consumer Staples (1.7%)
Food Products (0.5%)
Bunge Ltd.^	10,300		596,885
Hain Celestial Group, Inc.*^	113,900		2,911,284
			3,508,169
Personal Products (1.2%)
Bare Escentuals, Inc.*	40,500		1,099,575
Herbalife Ltd.*	194,200		7,356,296
			8,455,871
Total Consumer Staples			11,964,040
Energy (7.2%)
Energy Equipment & Services (3.8%)
Cameron International Corp.*	71,300		3,444,503
CARBO Ceramics, Inc.^	18,700		673,761
Complete Production Services, Inc.*	78,400		1,547,616
Diamond Offshore Drilling, Inc.^	30,900		2,236,233
FMC Technologies, Inc.*	29,600		1,589,520
Global Industries Ltd.*^	154,700		2,407,132
Grant Prideco, Inc.*	173,000		6,579,190
National Oilwell Varco, Inc.*	69,119		4,046,917
Rowan Cos., Inc.	12,600		398,538
Seitel, Inc.*	259,600		952,732
Superior Energy Services, Inc.*	129,900		3,411,174
			27,287,316
Oil, Gas & Consumable Fuels (3.4%)
Alpha Natural Resources, Inc.*^	45,700		720,232
Aventine Renewable Energy Holdings, Inc.*^	55,600		1,189,284
Bill Barrett Corp.*^	159,700		3,922,232
Denbury Resources, Inc.*	146,170		4,224,313
EXCO Resources, Inc.*	82,700		1,026,307
Helix Energy Solutions Group, Inc.*^	97,300		3,249,820
Mariner Energy, Inc.*	83,000		1,524,710
Murphy Oil Corp.	7,500		356,625
Newfield Exploration Co.*	92,600		3,568,804
Range Resources Corp.	50,700		1,279,668
Southwestern Energy Co.*	14,400		430,128
Ultra Petroleum Corp.*	66,200		3,184,882
Western Refining, Inc.	7,800		181,272
			24,858,277
Total Energy			52,145,593
Financials (10.1%)
Capital Markets (3.9%)
Affiliated Managers Group, Inc.*^	41,900		4,194,609
Ares Capital Corp.^	73,910		1,287,512
Calamos Asset Management, Inc., Class A^	4,000		117,280
E*Trade Financial Corp.*	21,400		511,888
Federated Investors, Inc., Class B	14,700		497,007
GFI Group, Inc.*	84,500		4,672,005
Lazard Ltd., Class A^	101,500		4,057,970
Legg Mason, Inc.	46,100		4,649,646
Nuveen Investments, Inc., Class A	9,400		481,562
optionsXpress Holdings, Inc.^	141,300		3,939,444
SEI Investments Co.^	4,700		264,093
TD Ameritrade Holding Corp.	205,500		3,873,675
			28,546,691

55

AXA PREMIER VIP TRUST

AXA PREMIER VIP MID CAP GROWTH PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2006 (Unaudited)

	Number of Shares	Value (Note 1)
Commercial Banks (1.5%)
Boston Private Financial Holdings, Inc.	2,400	$	66,912
City National Corp./California	3,000		201,180
Cullen/Frost Bankers, Inc.	3,100		179,242
East West Bancorp, Inc.^	22,400		887,264
First Republic Bank/California	44,900		1,910,944
First State Bancorp/New Mexico^	31,446		816,653
Hancock Holding Co.^	11,200		599,760
Signature Bank/New York*	23,221		718,225
UCBH Holdings, Inc.^	85,837		1,498,714
UMB Financial Corp.^	14,700		537,579
Wachovia Corp.	2,239		124,936
Western Alliance Bancorp*^	49,400		1,625,260
Whitney Holding Corp.	41,658		1,490,107
			10,656,776
Diversified Financial Services (1.0%)
CBOT Holdings, Inc., Class A*^	30,800		3,720,332
Financial Federal Corp.^	46,200		1,238,160
IntercontinentalExchange, Inc.*	1,200		90,084
Primus Guaranty Ltd.*^	165,600		2,005,416
			7,053,992
Insurance (1.0%)
Ambac Financial Group, Inc.	65,700		5,436,675
Brown & Brown, Inc.	600		18,336
Max Re Capital Ltd.^	41,000		941,360
National Financial Partners Corp.^	28,800		1,181,664
			7,578,035
Real Estate Investment Trusts (REIT) (1.0%)
CapitalSource, Inc. (REIT)	97,274		2,511,615
FelCor Lodging Trust, Inc. (REIT)	80,500		1,614,025
Innkeepers USA Trust (REIT)	94,600		1,541,034
LaSalle Hotel Properties (REIT)	37,400		1,620,916
			7,287,590
Real Estate Management & Development (1.1%)
CB Richard Ellis Group, Inc., Class A*	323,750		7,964,250
Jones Lang LaSalle, Inc.	1,300		111,124
			8,075,374
Thrifts & Mortgage Finance (0.6%)
Clayton Holdings, Inc.*^	187,044		2,351,143
Doral Financial Corp.^	162,600		1,071,534
Franklin Bank Corp./Texas*^	36,700		729,596
			4,152,273
Total Financials			73,350,731
Health Care (17.1%)
Biotechnology (4.0%)
Angiotech Pharmaceuticals, Inc.*^	97,100		851,567
BioMarin Pharmaceutical, Inc.*^	125,500		1,785,865
Celgene Corp.*	129,200		5,594,360
Coley Pharmaceutical Group, Inc.*^	107,800		1,231,076
Cubist Pharmaceuticals, Inc.*^	86,500		1,880,510
Digene Corp.*^	45,500		1,963,325
Keryx Biopharmaceuticals, Inc.*^	92,100		1,089,543
Myogen, Inc.*^	46,500		1,631,220
Myriad Genetics, Inc.*^	79,500		1,959,675
Panacos Pharmaceuticals, Inc.*^	45,500		225,680
PDL BioPharma, Inc.*^	204,600		3,928,320
Senomyx, Inc.*^	172,700		2,654,399
Telik, Inc.*^	115,000		2,045,850
Trimeris, Inc.*^	99,400		874,720
Vanda Pharmaceuticals, Inc.*^	58,500		543,465
ZymoGenetics, Inc.*^	32,100	$	541,527
			28,801,102
Health Care Equipment & Supplies (4.7%)
American Medical Systems Holdings, Inc.*	106,000		1,953,580
ArthroCare Corp.*^	93,700		4,390,782
C.R. Bard, Inc	52,540		3,940,500
Cynosure, Inc., Class A*	9,800		142,100
Cytyc Corp.*	165,900		4,061,232
DexCom, Inc.*^	202,400		2,252,712
Gen-Probe, Inc.*	95,885		4,496,048
Greatbatch, Inc.*^	21,400		484,068
Intuitive Surgical, Inc.*	2,400		253,080
Kyphon, Inc.*^	77,500		2,900,050
Meridian Bioscience, Inc.^	113,600		2,670,736
Mindray Medical International Ltd. (ADR)*^	23,900		398,891
ResMed, Inc.*^	132,900		5,349,225
Stereotaxis, Inc.*^	9,100		94,185
Varian Medical Systems, Inc.*	12,700		678,053
Wright Medical Group, Inc.*	4,600		111,550
			34,176,792
Health Care Providers & Services (4.1%)
Community Health Systems, Inc.*	18,700		698,445
Coventry Health Care, Inc.*	10,600		546,112
Express Scripts, Inc.*	5,600		422,744
Henry Schein, Inc.*	82,800		4,151,592
LCA-Vision, Inc.^	53,900		2,226,609
Omnicare, Inc.	7,900		340,411
Psychiatric Solutions, Inc.*^	292,626		9,975,620
RehabCare Group, Inc.*	54,700		716,570
VCA Antech, Inc.*^	235,200		8,481,312
WellCare Health Plans, Inc.*	37,508		2,124,078
			29,683,493
Health Care Technology (0.8%)
Allscripts Healthcare Solutions, Inc.*^	113,600		2,550,320
TriZetto Group, Inc.*^	221,500		3,353,510
			5,903,830
Life Sciences Tools & Services (2.6%)
Covance, Inc.*	105,200		6,983,176
Fisher Scientific International, Inc.*	4,100		320,784
ICON plc (ADR)*	35,500		2,505,590
Molecular Devices Corp.*	51,700		955,933
Nektar Therapeutics*^	65,900		949,619
Parexel International Corp.*^	64,100		2,121,069
Pharmaceutical Product Development, Inc.	10,700		381,883
Varian, Inc.*	42,200		1,935,714
Ventana Medical Systems, Inc.*^	50,300		2,053,749
Waters Corp.*	12,900		584,112
			18,791,629
Pharmaceuticals (0.9%)
Adams Respiratory Therapeutics, Inc.*^	42,900		1,569,711
Endo Pharmaceuticals Holdings, Inc.*	15,600		507,780
Impax Laboratories, Inc.*	97,600		641,232
Kos Pharmaceuticals, Inc.*^	6,200		306,404
Medicines Co.*^	94,600		2,134,176
Penwest Pharmaceuticals Co.*^	84,600		1,408,590
			6,567,893
Total Health Care			123,924,739

56

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PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2006 (Unaudited)

	Number of Shares	Value (Note 1)
Industrials (15.8%)
Aerospace & Defense (2.1%)
Argon ST, Inc.*^	95,254	$	2,283,239
Empresa Brasileira de Aeronautica S.A. (ADR)^	15,200		596,904
Hexcel Corp.*^	272,100		3,850,215
K&F Industries Holdings, Inc.*^	29,200		548,376
Precision Castparts Corp.	112,200		7,086,552
Rockwell Collins, Inc.	11,123		609,985
			14,975,271
Air Freight & Logistics (1.7%)
CH Robinson Worldwide, Inc.	6,500		289,770
Expeditors International of Washington, Inc.	13,100		583,998
Forward Air Corp.^	58,850		1,947,346
UTi Worldwide, Inc.^	340,134		9,513,548
			12,334,662
Airlines (0.4%)
JetBlue Airways Corp.*^	155,850		1,444,729
Republic Airways Holdings, Inc.*	92,000		1,427,840
			2,872,569
Building Products (0.3%)
PGT, Inc.*^	158,100		2,222,886
Commercial Services & Supplies (5.6%)
Administaff, Inc.^	104,600		3,525,020
American Reprographics Co.*^	136,800		4,385,808
CDI Corp.^	9,200		190,532
Corporate Executive Board Co.	44,500		4,000,995
CoStar Group, Inc.*	1,600		66,112
Global Cash Access Holdings, Inc.*^	149,305		2,253,012
Herman Miller, Inc.	6,400		218,944
Knoll, Inc.	122,800		2,480,560
LECG Corp.*^	78,200		1,467,032
Monster Worldwide, Inc.*	139,150		5,035,839
Resources Connection, Inc.*^	173,710		4,653,691
Robert Half International, Inc.	12,300		417,831
Stericycle, Inc.*^	168,100		11,731,699
			40,427,075
Construction & Engineering (1.2%)
Fluor Corp.	62,400		4,797,936
Granite Construction, Inc.	70,400		3,755,840
			8,553,776
Electrical Equipment (0.4%)
Ametek, Inc.	77,600		3,379,480
Machinery (2.1%)
Flowserve Corp.*	28,600		1,446,874
IDEX Corp.^	79,050		3,403,102
Joy Global, Inc.	97,700		3,674,497
Kennametal, Inc.	9,800		555,170
Lincoln Electric Holdings, Inc.	61,400		3,343,230
Manitowoc Co., Inc.	36,700		1,643,793
Oshkosh Truck Corp.	9,300		469,371
Terex Corp.*	11,800		533,596
			15,069,633
Marine (0.2%)
American Commercial Lines, Inc.*	24,600		1,462,470
Road & Rail (0.4%)
JB Hunt Transport Services, Inc.	21,100		438,247
Knight Transportation, Inc.^	139,050		2,356,898
			2,795,145
Trading Companies & Distributors (1.4%)
Beacon Roofing Supply, Inc.*^	63,350		1,282,204
Fastenal Co.^	122,700		4,732,539
MSC Industrial Direct Co.	84,100		3,426,234
WESCO International, Inc.*	9,200	$	533,876
			9,974,853
Total Industrials			114,067,820
Information Technology (21.7%)
Communications Equipment (2.7%)
Arris Group, Inc.*	171,330		1,963,442
Ciena Corp.*	108,957		2,969,076
Comverse Technology, Inc.*	206,200		4,420,928
F5 Networks, Inc.*	33,000		1,772,760
Harris Corp.	25,200		1,121,148
Ixia*^	189,000		1,683,990
NETGEAR, Inc.*^	41,700		858,603
Redback Networks, Inc.*	143,600		1,993,168
Riverbed Technology, Inc.*	12,200		237,900
ViaSat, Inc.*	94,100		2,360,028
			19,381,043
Computers & Peripherals (1.8%)
Electronics for Imaging, Inc.*	193,900		4,436,432
Logitech International S.A. (ADR)*^	18,500		402,560
Network Appliance, Inc.*	142,200		5,262,822
Rackable Systems, Inc.*^	55,200		1,510,824
Xyratex Ltd.*^	53,900		1,027,334
			12,639,972
Electronic Equipment & Instruments (2.3%)
Amphenol Corp., Class A	89,610		5,549,547
Flir Systems, Inc.*^	109,300		2,968,588
Jabil Circuit, Inc.	11,500		328,555
Mettler-Toledo
International, Inc.*	6,300		416,745
National Instruments Corp.	60,050		1,641,767
Tektronix, Inc.	99,900		2,890,107
Trimble Navigation Ltd.*	57,850		2,723,578
			16,518,887
Internet Software & Services (1.6%)
Akamai Technologies, Inc.*^	10,200		509,898
aQuantive, Inc.*^	242,800		5,734,936
Ariba, Inc.*^	161,400		1,208,886
Entrust, Inc.*	250,800		867,768
Marchex, Inc., Class B*^	106,900		1,639,846
ValueClick, Inc.*^	83,000		1,538,820
VeriSign, Inc.*	13,000		262,600
			11,762,754
IT Services (2.9%)
Alliance Data Systems Corp.*	76,000		4,194,440
BearingPoint, Inc.*^	183,700		1,443,882
Cognizant Technology Solutions Corp., Class A*	68,400		5,065,704
Global Payments, Inc.	5,900		259,659
Heartland Payment Systems, Inc.^	50,800		1,320,800
Iron Mountain, Inc.*^	65,100		2,795,394
RightNow Technologies, Inc.*^	75,500		1,178,555
Sapient Corp.*^	493,300		2,688,485
VeriFone Holdings, Inc.*^	81,000		2,312,550
			21,259,469
Semiconductors & Semiconductor Equipment (6.7%)
Altera Corp.*	16,200		297,756
Atheros Communications, Inc.*^	112,400		2,037,812
Exar Corp.*^	160,400		2,131,716
FormFactor, Inc.*^	40,700		1,714,691
Integrated Device Technology, Inc.*	551,700		8,860,302
Intersil Corp., Class A	97,700		2,398,535
Lam Research Corp.*	35,050		1,588,817
Microchip Technology, Inc.	21,900		709,998
Microsemi Corp.*^	202,100		3,809,585

57

AXA PREMIER VIP TRUST

AXA PREMIER VIP MID CAP GROWTH PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2006 (Unaudited)

	Number of Shares		Value (Note 1)
Microtune, Inc.*^		132,100	$	642,006
Netlogic Microsystems, Inc.*^		72,600		1,841,862
NVIDIA Corp.*		161,400		4,775,826
PMC-Sierra, Inc.*^		312,800		1,858,032
Power Integrations, Inc.*^		113,500		2,224,600
Semtech Corp.*		90,100		1,149,676
Silicon Laboratories, Inc.*		207,500		6,436,650
SiRF Technology Holdings, Inc.*^		50,400		1,209,096
Trident Microsystems, Inc.*^		53,500		1,244,410
Varian Semiconductor Equipment Associates, Inc.*		105,150		3,859,005
				48,790,375
Software (3.7%)
Activision, Inc.*		465,353		7,026,830
Amdocs Ltd.*		152,255		6,029,298
Blackbaud, Inc.		29,000		637,710
Commvault Systems, Inc.*^		98,700		1,776,600
Hyperion Solutions Corp.*		15,350		529,268
Micros Systems, Inc.*		34,700		1,697,524
Nuance Communications, Inc.*^		224,800		1,836,616
Quest Software, Inc.*^		196,900		2,811,732
Salesforce.com, Inc.*		3,300		118,404
THQ, Inc.*^		48,400		1,411,828
TIBCO Software, Inc.*		173,700		1,559,826
Witness Systems, Inc.*^		78,700		1,379,611
				26,815,247
Total Information Technology				157,167,747
Materials (2.1%)
Chemicals (0.6%)
Cabot Corp.^		27,883		1,037,247
FMC Corp.		28,800		1,845,216
Minerals Technologies, Inc.		21,600		1,153,440
				4,035,903
Construction Materials (0.9%)
Headwaters, Inc.*^		59,800		1,396,330
Martin Marietta Materials, Inc.		58,300		4,933,346
				6,329,676
Metals & Mining (0.6%)
Allegheny Technologies, Inc.		47,820		2,973,926
RTI International Metals, Inc.*^		38,200		1,664,756
				4,638,682
Total Materials				15,004,261
Telecommunication Services (4.8%)
Diversified Telecommunication Services (1.8%)
NeuStar, Inc., Class A*		151,300		4,198,575
Time Warner Telecom, Inc., Class A*^		481,624		9,155,672
				13,354,247
Wireless Telecommunication Services (3.0%)
American Tower Corp., Class A*		229,400		8,373,100
Crown Castle International Corp.*		12,200		429,928
NII Holdings, Inc.*		159,100		9,889,656
SBA Communications Corp., Class A*		112,500		2,737,125
				21,429,809
Total Telecommunication Services				34,784,056
Utilities (0.1%)
Independent Power Producers & Energy Traders (0.1%)
Constellation Energy Group, Inc.		7,700		455,840
Total Utilities				455,840
Total Common Stocks (96.9%) (Cost $641,409,349)				700,964,380
	Principal Amount
SHORT-TERM INVESTMENTS:
Short-Term Investments of Cash Collateral for Securities Loaned (27.7%)
Accredited Mortgage Loan Trust
5.37%, 6/27/08 (l)	$	856,289	$	856,289
ASAP Funding Ltd.
5.37%, 10/10/06		2,864,127		2,864,127
5.33%, 10/19/06		5,905,351		5,905,351
Bavaria TRR Corp.
5.32%, 10/3/06		5,248,517		5,248,517
Cedar Springs Capital Co. LLC
5.29%, 10/5/06		3,945,124		3,945,124
5.30%, 10/5/06		5,914,205		5,914,205
Credit Suisse First Boston, London
5.30%, 10/2/06		9,887,462		9,887,462
Deutsche Bank/London
5.34%, 1/31/07 (l)		2,636,657		2,636,657
Fenway Funding LLC
5.33%, 10/20/06		3,296,985		3,296,985
Fifth Third Bancorp
5.31%, 10/29/07 (l)		395,498		395,498
Fortis Bank, Brussels
5.43%, 10/2/06		18,456,596		18,456,596
Goldman Sachs Group, Inc.
5.39%, 10/1/07 (l)		1,450,161		1,450,161
Harris Nesbit Corp.
5.42%, 10/2/06		6,591,641		6,591,641
Hartford Life, Inc.
5.46%, 10/1/07 (l)		1,054,663		1,054,663
Legacy Capital Co. LLC
5.29%, 10/10/06		2,274,451		2,274,451
Lehman Brothers Bankhaus AG
5.32%, 12/12/06 (l)		4,877,815		4,877,815
Lehman Brothers, Inc.
5.53%, 12/29/06 (l)		461,415		461,415
Natexis Banques Populaires N.Y.
5.35%, 1/31/07 (l)		659,164		659,164
5.37%, 1/28/08 (l)		3,954,985		3,954,985
New York Life Insurance Co.
5.41%, 12/29/06 (l)		3,295,821		3,295,821
Nomura Securities Co., Ltd.
5.43%, 10/2/06		79,318,063		79,318,063
Norinchukin Bank/London
5.35%, 10/2/06		11,864,955		11,864,955
5.29%, 10/10/06		6,591,641		6,591,641
Scaldis Capital LLC
5.29%, 10/27/06		6,562,693		6,562,693
Sumitomo Mitsui Banking Corp. N.Y.
5.32%, 11/1/06		6,591,641		6,591,641
Thames Asset Global Securitization, Inc.
5.29%, 10/10/06		2,384,490		2,384,490
Three Pillars Funding
5.29%, 10/20/06		2,904,123		2,904,123
Total Short-Term Investments of Cash Collateral for Securities Loaned				200,244,533

58

AXA PREMIER VIP TRUST

AXA PREMIER VIP MID CAP GROWTH PORTFOLIO

PORTFOLIO OF INVESTMENTS (Concluded)

September 30, 2006 (Unaudited)

	Principal Amount		Value (Note 1)
Time Deposit (2.4%)
JPMorgan Chase Nassau
4.78%, 10/2/06	$	17,289,723	$	17,289,723
Total Short-Term Investments (30.1%) (Cost/Amortized Cost $217,534,255)				217,534,256
Total Investments (127.0%) (Cost/Amortized Cost $858,943,604)				918,498,636
Other Assets Less Liabilities (-27.0%)				(195,216,829	)
Net Assets (100%)			$	723,281,807

* Non-income producing.

^ All, or a portion of security out on loan (See Note 1).

(1) Floating Rate Security. Rate disclosed is as of September 30, 2006.

Glossary:

ADR — American Depositary Receipt

Investment security transactions for the nine months ended September 30, 2006 were as follows:

Cost of Purchases:
Stocks and long-term corporate debt securities	$	426,373,522
Net Proceeds of Sales and Redemptions:
Stocks and long-term corporate debt securities	$	451,021,304

As of September 30, 2006, 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	$	91,750,275
Aggregate gross unrealized depreciation		(36,224,666	)
Net unrealized appreciation	$	55,525,609
Federal income tax cost of investments	$	862,973,027

At September 30, 2006, the Portfolio had loaned securities with a total value of $195,138,971. This was secured by collateral of $200,244,533 which was received as cash and subsequently invested in short-term investments as reported in the portfolio of investments.

Additionally, uninvested cash received as collateral on loaned securities was held in an interest bearing account in the amount of $315,578, which the Portfolio cannot repledge and accordingly is not reflected in the Portfolio’s assets and liabilities.

For the nine months ended September 30, 2006, the Portfolio incurred approximately $1,919 as brokerage commissions with Sanford C. Bernstein & Co., Inc., an affiliated broker/dealer.

See Notes to Financial Statements.

59

AXA PREMIER VIP TRUST

AXA PREMIER VIP MID CAP VALUE PORTFOLIO

PORTFOLIO OF INVESTMENTS

September 30, 2006 (Unaudited)

	Number of Shares	Value (Note 1)
COMMON STOCKS:
Consumer Discretionary (14.4%)
Auto Components (1.3%)
Aftermarket Technology Corp.*	17,332	$	307,816
American Axle & Manufacturing Holdings, Inc.^	138,200		2,306,558
Autoliv, Inc.	53,553		2,951,306
Bandag, Inc.^	2,170		89,057
BorgWarner, Inc.	55,500		3,172,935
Compagnie Generale des Etablissements Michelin, Class B (Registered)	15,770		1,154,650
Spartan Motors, Inc.^	620		11,675
TRW Automotive Holdings Corp.*	68,606		1,651,346
			11,645,343
Automobiles (0.0%)
Thor Industries, Inc.^	4,640		191,029
Distributors (0.0%)
Coast Distribution System	5,400		52,164
Source Interlink Cos., Inc.*	36,663		348,298
			400,462
Diversified Consumer Services (0.8%)
Carriage Services, Inc.*^	8,780		40,915
CPI Corp.	200		9,708
Jackson Hewitt Tax Service, Inc.	7,130		213,971
Nobel Learning Communities, Inc.*	170		1,751
Regis Corp.^	175,800		6,302,430
Service Corp. International	28,606		267,180
Stewart Enterprises, Inc., Class A	96,673		566,504
			7,402,459
Hotels, Restaurants & Leisure (1.8%)
Benihana, Inc.*	30		867
Bob Evans Farms, Inc.	2,420		73,278
Brinker International, Inc.	25,790		1,033,921
Canterbury Park Holding Corp.	210		2,661
CBRL Group, Inc.	34,120		1,379,471
Cheesecake Factory, Inc.*^	243,700		6,626,203
Dover Motorsports, Inc.^	400		2,168
Frisch’s Restaurants, Inc.	3,000		72,120
ILX Resorts, Inc.	1,460		13,286
Interstate Hotels & Resorts, Inc.*	28,520		307,446
J. Alexander’s Corp.	4,450		38,715
Jack in the Box, Inc.*	4,150		216,547
Landry’s Restaurants, Inc.^	260		7,839
Lodgian, Inc.*	28,460		377,949
Marcus Corp.^	10,860		249,454
Mexican Restaurants, Inc.*	300		3,075
Nathan’s Famous, Inc.*	4,000		54,000
O’Charley’s, Inc.*	2,010		38,130
Pinnacle Entertainment, Inc.*^	61,100		1,718,132
Red Lion Hotels Corp.*	2,800		30,128
Ruby Tuesday, Inc.^	115,700		3,261,583
Silverleaf Resorts, Inc.*	200		764
Speedway Motorsports, Inc.	5,230		190,424
Steak n Shake Co.*^	13,480		227,677
			15,925,838
Household Durables (2.2%)
American Biltrite, Inc.*	1,618		16,180
Avatar Holdings, Inc.*^	4,778		282,189
Basset Furniture Industries, Inc.^	24,947		405,139
Black & Decker Corp.^	36,000		2,856,600
Cavalier Homes, Inc.*	13,370		42,650
Chromcraft Revington, Inc.*	11,500		113,620
Cobra Electronics Corp.	4,400		37,400
CSS Industries, Inc.^	1,510	$	44,877
Decorator Industries, Inc.^	2,100		18,354
Ethan Allen Interiors, Inc.^	45,000		1,559,700
Furniture Brands International, Inc.^	52,599		1,001,485
Hooker Furniture Corp.^	13,760		201,722
Interface, Inc., Class A*	700		9,016
Kimball International, Inc., Class B	361		6,967
La-Z-Boy, Inc.^	27,970		390,461
Leggett & Platt, Inc.	139,000		3,479,170
MITY Enterprises, Inc.*	80		1,456
National Presto Industries, Inc.^	5,600		309,512
Newell Rubbermaid, Inc.	95,000		2,690,400
P&F Industries, Inc., Class A*	719		7,392
Skyline Corp.	1,180		45,088
Stanley Works	114,320		5,698,852
Universal Electronics, Inc.*^	3,077		58,463
			19,276,693
Internet & Catalog Retail (0.1%)
1-800-FLOWERS.COM, Inc., Class A*^	30,600		160,956
Blair Corp.	5,531		142,700
GSI Commerce, Inc.*^	3,055		45,336
Systemax, Inc.*^	15,194		243,408
			592,400
Leisure Equipment & Products (0.2%)
Callaway Golf Co.^	74,800		980,628
Cybex International, Inc.*^	4,980		33,117
GameTech International, Inc.*	5,305		52,997
JAKKS Pacific, Inc.*^	35,192		627,473
Oakley, Inc.	430		7,332
			1,701,547
Media (2.5%)
Cinram International Income Fund	366,700		7,346,161
Dow Jones & Co., Inc.^	108,370		3,634,730
Entercom Communications Corp.^	135,600		3,417,120
Media General, Inc., Class A	4,400		165,968
R.H. Donnelley Corp.	135,995		7,194,136
RCN Corp.*	24,937		705,717
Regent Communications, Inc.*^	14,843		56,255
World Wrestling Entertainment, Inc.^	3,600		59,148
			22,579,235
Multiline Retail (1.3%)
Big Lots, Inc.*^	57,030		1,129,764
Dillards, Inc., Class A^	63,400		2,075,082
Federated Department Stores, Inc.	182,030		7,865,516
Gottschalks, Inc.*	6,604		59,370
			11,129,732
Specialty Retail (2.6%)
Aaron Rents, Inc.^	2,950		67,791
AnnTaylor Stores Corp.*	71,350		2,986,711
Asbury Automotive Group, Inc.	17,000		350,200
Barnes & Noble, Inc.	1,260		47,804
Books-A-Million, Inc.^	31,300		558,705
Cato Corp., Class A	9,600		210,336
Charlotte Russe Holding, Inc.*	9,068		249,733
Charming Shoppes, Inc.*^	200,830		2,867,852
DEB Shops, Inc.^	300		7,692
Foot Locker, Inc.	218,100		5,507,025
Franklin Covey Co.*	100		549
Gap, Inc.	371,400		7,038,030
Guess?, Inc.*^	239		11,599

60

AXA PREMIER VIP TRUST

AXA PREMIER VIP MID CAP VALUE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2006 (Unaudited)

	Number of Shares	Value (Note 1)
Gymboree Corp.*^	2,290	$	96,592
Hastings Entertainment, Inc.*	3,294		22,235
Haverty Furniture Cos., Inc.^	30,650		488,867
Jennifer Convertibles, Inc.*	100		616
Lithia Motors, Inc., Class A^	15,780		390,082
Office Depot, Inc.*	23,100		917,070
Rent-A-Center, Inc.*	1,280		37,491
Rex Stores Corp.*	1,080		15,228
Shoe Carnival, Inc.*	7,270		183,349
Sport Chalet, Inc., Class A*	78		718
Stage Stores, Inc.^	32,754		961,002
			23,017,277
Textiles, Apparel & Luxury Goods (1.6%)
Brown Shoe Co., Inc.	14,925		534,912
Culp, Inc.*	3,330		18,482
Cutter & Buck, Inc.	740		7,156
Delta Apparel, Inc.^	3,500		68,285
Hallwood Group, Inc.*	1,400		131,600
Hampshire Group Ltd.*	6,189		76,620
Jones Apparel Group, Inc.	202,310		6,562,936
Lacrosse Footwear, Inc.*	102		1,247
Movado Group, Inc.^	22,900		582,118
Perry Ellis International, Inc.*	3,200		98,816
Phillips-Van Heusen Corp.	46,100		1,925,597
R.G. Barry Corp.*	100		660
Steven Madden Ltd.^	150		5,886
Stride Rite Corp.	29,860		416,846
Superior Uniform Group, Inc.	100		1,241
V.F. Corp.	22,700		1,655,965
Velcro Industries N.V.	800		11,216
Weyco Group, Inc.^	6,506		145,539
Wolverine World Wide, Inc.	53,680		1,519,681
			13,764,803
Total Consumer Discretionary			127,626,818
Consumer Staples (2.9%)
Beverages (0.5%)
Hansen Natural Corp.*^	350		11,368
Molson Coors Brewing Co., Class B	57,600		3,968,640
National Beverage Corp.^	8,400		100,044
PepsiAmericas, Inc.	13,337		284,612
			4,364,664
Food & Staples Retailing (0.3%)
Great Atlantic & Pacific Tea Co., Inc.^	240		5,779
Longs Drug Stores Corp.	50,390		2,318,444
Smart & Final, Inc.*^	6,870		117,271
Spartan Stores, Inc.^	3,286		55,533
Village Super Market, Inc., Class A^	100		6,690
Weis Markets, Inc.^	14,700		585,060
			3,088,777
Food Products (2.1%)
Bunge Ltd.^	85,300		4,943,135
Corn Products International, Inc.	71,720		2,333,769
Del Monte Foods Co.	125,855		1,315,185
Flowers Foods, Inc.^	12,075		324,576
J & J Snack Foods Corp.^	1,206		37,507
Lance, Inc.^	39,170		862,523
Ralcorp Holdings, Inc.*	40,530		1,954,762
Reddy Ice Holdings, Inc.	1,680		40,656
Seaboard Corp.^	680		819,400
Smithfield Foods, Inc.*	131,400		3,550,428
Tasty Baking Co.^	6,741		61,545
Tyson Foods, Inc., Class A	128,500		2,040,580
			18,284,066
Household Products (0.0%)
Oil-Dri Corp. of America	9,625	$	145,819
Personal Products (0.0%)
CCA Industries, Inc.	100		965
Natural Alternatives International, Inc.*	400		3,676
Parlux Fragrances, Inc.*^	7,400		37,666
Schiff Nutrition International, Inc.*	21,600		150,336
			192,643
Total Consumer Staples			26,075,969
Energy (3.5%)
Energy Equipment & Services (1.6%)
Cameron International Corp.*	57,400		2,772,994
Dawson Geophysical Co.*^	2,640		78,408
Lufkin Industries, Inc.	3,940		208,505
NATCO Group, Inc.*^	27,500		792,000
Oceaneering International, Inc.*	32,078		988,002
Oil States International, Inc.*	27,380		752,950
Pride International, Inc.*	100,883		2,766,212
SBM Offshore N.V.	29,238		793,708
SEACOR Holdings, Inc.*^	10,660		879,450
Tetra Technologies, Inc.*	21,300		514,608
Tidewater, Inc.	4,400		194,436
Todco*^	8,140		281,644
Veritas DGC, Inc.*	250		16,455
W-H Energy Services, Inc.*	22,610		937,637
Weatherford International Ltd.*	58,800		2,453,136
			14,430,145
Oil, Gas & Consumable Fuels (1.9%)
Adams Resources & Energy, Inc.	760		26,486
Arch Coal, Inc.	76,000		2,197,160
Bois d’Arc Energy, Inc.*	400		6,120
Callon Petroleum Co.*^	23,800		322,728
Cimarex Energy Co.	10,961		385,718
Copano Energy LLC	100		5,379
Frontier Oil Corp.	36,940		981,865
Mariner Energy, Inc.*	68,412		1,256,728
Murphy Oil Corp.	60,710		2,886,761
Newfield Exploration Co.*	82,800		3,191,112
Noble Energy, Inc.	81,800		3,729,262
Overseas Shipholding Group	14,512		896,406
Swift Energy Co.*^	900		37,638
Tesoro Corp.	240		13,915
Teton Energy Corp.*^	100		485
Western Refining, Inc.^	32,300		750,652
Whiting Petroleum Corp.*^	1,590		63,759
			16,752,174
Total Energy			31,182,319
Financials (20.5%)
Capital Markets (2.4%)
A.G. Edwards, Inc.	68,100		3,628,368
Affiliated Managers Group, Inc.*^	33,700		3,373,707
Apollo Investment Corp.^	248,100		5,088,531
Federated Investors, Inc., Class B	191,700		6,481,377
Knight Capital Group, Inc., Class A*	59,016		1,074,091
Raymond James Financial, Inc.	24,750		723,690
SWS Group, Inc.^	28,510		709,614
			21,079,378
Commercial Banks (3.2%)
Alabama National Bancorp^	3,784		258,258
Amcore Financial, Inc.^	30,500		923,845

61

AXA PREMIER VIP TRUST

AXA PREMIER VIP MID CAP VALUE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2006 (Unaudited)

	Number of Shares	Value (Note 1)
American Community Bancshares, Inc.	2,550	$	28,917
Ameris Bancorp^	9,096		247,502
Auburn National Bancorp, Inc.	1,500		40,500
BancFirst Corp.^	10,442		487,850
Banco Latinoamericano de Exportaciones S.A.	7,150		111,683
Bancorpsouth, Inc.^	12,910		358,382
Bank of Granite Corp.^	550		9,642
Banner Corp.^	640		26,266
Bar Harbor Bankshares	427		12,725
BNCCORP, Inc.*	3,609		43,849
BOE Financial Services of Virginia, Inc.	1,200		37,080
Britton & Koontz Capital Corp.	1,352		26,229
Brunswick Bancorp*	1,120		14,168
Bryn Mawr Bank Corp.	6,000		132,600
Capital Bank Corp.	100		1,757
CCF Holding Co.^	1,013		20,199
Central Virginia Bankshares, Inc.	862		23,489
City National Corp./California	11,700		784,602
Codorus Valley Bancorp, Inc.	231		4,528
Columbia Banking System, Inc.	80		2,561
Comm Bancorp, Inc.	300		12,000
Commerce Bancorp, Inc./ New Jersey^	83,250		3,056,107
Community Bank Shares of Indiana, Inc.	880		19,448
Community Capital Corp.	420		8,900
Community West Bancshares	3,471		53,627
Cowlitz Bancorp*	2,300		37,513
Desert Community Bank/California	440		7,960
ECB Bancorp, Inc.	1,000		32,300
Exchange National Bancshares, Inc.	350		10,640
Fidelity Southern Corp.	130		2,353
First Citizens BancShares, Inc./North Carolina, Class A^	7,500		1,433,250
First Indiana Corp.^	875		22,759
First M&F Corp.	3,000		54,840
First Mariner Bancorp, Inc.*	370		7,197
First Regional Bancorp/California*^	678		23,099
First West Virginia Bancorp, Inc.	240		4,680
FirstMerit Corp.	86,539		2,005,109
FNB Corp./Virginia^	360		12,964
FNB Financial Services Corp.	2,031		29,957
FNB United Corp.^	3,360		62,597
Habersham Bancorp	500		12,175
HF Financial Corp.	7,656		124,410
Horizon Bancorp/Indiana	3,300		85,800
Huntington Bancshares, Inc./Ohio	140,700		3,366,951
Integra Bank Corp.	8,732		220,745
Intervest Bancshares Corp.*^	3,100		135,036
Leesport Financial Corp.	1,777		41,226
LSB Bancshares, Inc./North Carolina	2,000		34,100
Marshall & Ilsley Corp.	127,100		6,123,678
Merrill Merchants Bancshares, Inc.	3,600		86,976
MidWestOne Financial Group, Inc.	4,700		89,770
National Bankshares, Inc.	880		20,064
National Mercantile Bancorp*^	875		10,500
Northrim BanCorp, Inc.^	2,593		68,455
Northway Financial, Inc.	300		10,050
Pacific Capital BanCorp	5,456	$	147,148
Peoples Bancorp of North Carolina, Inc.	3,514		94,913
Peoples Bancorp, Inc./Ohio^	231		6,752
Peoples Banctrust Co., Inc.	2,470		46,559
Pinnacle Bancshares, Inc.	1,800		26,280
Princeton National Bancorp, Inc.	3,810		125,730
Renasant Corp.^	6,892		193,458
Republic First Bancorp, Inc.*	10,149		134,576
Royal Bancshares of Pennsylvania, Inc., Class A^	2,100		56,889
Rurban Financial Corp.	200		2,312
Simmons First National Corp., Class A	6,520		189,145
Sterling Bancshares, Inc./Texas	100		2,025
Sterling Financial Corp./Pennsylvania^	4,221		92,820
Superior Bancorp*^	5,000		57,500
SVB Financial Group*^	106,743		4,765,008
Team Financial, Inc.	3,300		49,533
Tompkins Trustco, Inc.^	240		10,908
UnionBanCal Corp.	16,100		980,490
UnionBancorp, Inc.	40		760
United BanCorp, Inc./Ohio	4,600		50,508
United Bancshares, Inc./Ohio	1,420		23,416
United Financial Corp.	2,393		50,492
United Security Bancshares/Alabama	921		25,696
Unity Bancorp, Inc.	6,198		93,218
Wainwright Bank & Trust Co.	457		4,817
Washington Banking Co.	1,190		21,241
Wilmington Trust Corp.	6,000		267,300
			28,443,362
Consumer Finance (0.2%)
Advanta Corp., Class A	3,940		133,842
Advanta Corp., Class B^	5,801		214,057
Asta Funding, Inc.^	2,250		84,352
Cash America International, Inc.	100		3,908
CompuCredit Corp.*^	8,897		268,778
Consumer Portfolio Services, Inc.*	8,900		51,531
Dollar Financial Corp.*	13,785		300,789
EZCORP, Inc., Class A*^	23,600		912,848
First Cash Financial Services, Inc.*	1,320		27,179
First Marblehead Corp.^	690		47,789
			2,045,073
Diversified Financial Services (0.5%)
Ampal American Israel, Class A*	300		1,392
California First National Bancorp	666		9,924
CIT Group, Inc.	87,000		4,230,810
Pico Holdings, Inc.*^	5,066		164,898
Resource America, Inc., Class A^	1,430		29,744
			4,436,768
Insurance (8.4%)
Alfa Corp.^	700		12,089
Alleghany Corp.*	230		66,472
Ambac Financial Group, Inc.	80,100		6,628,275
American Equity Investment Life Holding Co.	3,410		41,841
American Financial Group, Inc./Ohio	72,800		3,416,504
American National Insurance Co.	17,777		2,060,354

62

AXA PREMIER VIP TRUST

AXA PREMIER VIP MID CAP VALUE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2006 (Unaudited)

	Number of Shares	Value (Note 1)
American Safety Insurance Holdings Ltd.*	10,100	$	184,830
Arch Capital Group Ltd.*	22,143		1,405,859
Arthur J. Gallagher & Co.^	207,800		5,542,026
Assurant, Inc.	110,990		5,927,976
Conseco, Inc.*	78,420		1,646,036
Donegal Group, Inc., Class B	3,910		70,497
Enstar Group, Inc.*^	100		9,554
Everest Reinsurance Group Ltd.	41,500		4,047,495
FBL Financial Group, Inc., Class A	12,260		410,342
First American Corp.	51,640		2,186,438
FPIC Insurance Group, Inc.*	1,150		45,552
Great American Financial Resources, Inc.	15,700		328,601
Harleysville Group, Inc.	350		12,247
HCC Insurance Holdings, Inc.	113,950		3,746,676
Horace Mann Educators Corp.	16,903		325,045
Kansas City Life Insurance Co.^	4,100		186,714
KMG America Corp.*	8,235		60,527
LandAmerica Financial Group, Inc.^	11,490		755,927
Max Reinsurance Capital Ltd.^	73,382		1,684,851
Meadowbrook Insurance Group, Inc.*^	13,200		148,632
Merchants Group, Inc.	200		5,998
Midland Co.^	11,814		511,782
National Western Life Insurance Co., Class A^	590		135,635
NYMAGIC, Inc.^	7,000		221,900
Odyssey Reinsurance Holdings Corp.^	1,190		40,198
Ohio Casualty Corp.	3,700		95,719
Old Republic International Corp.	255,750		5,664,862
PartnerReinsurance Ltd.	39,919		2,697,327
Philadelphia Consolidated Holding Corp.*	10,640		423,259
Platinum Underwriters Holdings Ltd.^	122,816		3,786,417
Presidential Life Corp.^	19,110		427,491
Reinsurance Group of America, Inc.	111,600		5,795,388
Selective Insurance Group, Inc.^	37,690		1,982,871
Stancorp Financial Group, Inc.	38,520		1,719,148
Unico American Corp.*	300		3,105
United America Indemnity Ltd.*	4,040		90,779
UnumProvident Corp.	132,400		2,567,236
Wesco Financial Corp.	750		327,750
Willis Group Holdings Ltd.^	162,100		6,159,800
Zenith National Insurance Corp.	17,400		694,086
			74,302,111
Real Estate Investment Trusts (REIT) (3.3%)
Ashford Hospitality Trust, Inc. (REIT)	47,561		567,403
Associated Estates Realty Corp. (REIT)^	18,780		290,527
CentraCore Properties Trust (REIT)	20,478		650,176
Colonial Properties Trust (REIT)	35,160		1,681,000
Eagle Hospitality Properties Trust, Inc. (REIT)	17,540		163,122
Entertainment Properties Trust (REIT)	13,930		687,028
Equity One, Inc. (REIT)^	1,450		34,756
Extra Space Storage, Inc. (REIT)^	14,690		254,284
Gladstone Commercial Corp. (REIT)^	280		5,628
Hersha Hospitality Trust (REIT)^	38,400		368,640
Highland Hospitality Corp. (REIT)	57,330	$	821,539
Home Properties, Inc. (REIT)^	6,750		385,830
Hospitality Properties Trust (REIT)	12,450		587,640
HRPT Properties Trust (REIT)	408,579		4,882,519
Innkeepers USA Trust (REIT)	5,950		96,925
iStar Financial, Inc. (REIT)	68,770		2,867,709
KKR Financial Corp. (REIT)	183,500		4,503,090
LaSalle Hotel Properties (REIT)	4,960		214,966
LTC Properties, Inc. (REIT)^	34,460		835,655
Maguire Properties, Inc. (REIT)^	790		32,185
Mission West Properties, Inc. (REIT)^	29,490		336,481
Monmouth, Class A (REIT)^	23,000		184,000
National Health Investors, Inc. (REIT)^	43,560		1,234,055
National Health Realty, Inc. (REIT)^	17,300		344,443
National Retail Properties, Inc. (REIT)^	39,430		851,688
New Plan Excel Realty Trust (REIT)^	7,460		201,793
Omega Healthcare Investors, Inc. (REIT)^	56,050		841,310
One Liberty Properties, Inc. (REIT)	18,100		405,440
Presidential Realty Corp., Class B (REIT)	700		4,900
PS Business Parks, Inc. (REIT)	73		4,402
Senior Housing Properties Trust (REIT)^	10,330		220,442
Strategic Hotels & Resorts, Inc. (REIT)	33,420		664,390
Sunstone Hotel Investors, Inc. (REIT)	78,330		2,327,968
Supertel Hospitality, Inc. (REIT)	1,911		12,727
Urstadt Biddle Properties, Inc. (REIT)	1,200		20,580
Urstadt Biddle Properties, Inc., Class A (REIT)^	9,900		179,883
Weingarten Realty Investors (REIT)^	18,600		800,172
Windrose Medical Properties Trust (REIT)	3,063		54,154
Winston Hotels, Inc. (REIT)	34,282		422,354
Winthrop Realty Trust (REIT)^	31,810		205,174
			29,246,978
Real Estate Management & Development (0.0%)
Stratus Properties, Inc.*^	100		3,236
United Capital Corp.*	1,320		35,231
Wellsford Real Properties, Inc.	2,170		15,971
Wilshire Enterprises, Inc.	520		2,496
			56,934
Thrifts & Mortgage Finance (2.5%)
1st Independence Financial Group, Inc.	1,500		26,475
Ameriana Bancorp	1,891		25,528
Anchor Bancorp Wisconsin, Inc.^	830		23,705
BankUnited Financial Corp., Class A^	40,828		1,064,386
Berkshire Bancorp, Inc.	1,200		19,200
Berkshire Hills Bancorp, Inc.^	926		32,956
Beverly Hills Bancorp, Inc.^	32,163		262,450
Camco Financial Corp.	64		850
Capital Crossing Bank*^	8,300		241,530
Carver Bancorp, Inc.	700		11,620

63

AXA PREMIER VIP TRUST

AXA PREMIER VIP MID CAP VALUE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2006 (Unaudited)

	Number of Shares	Value (Note 1)
Central Bancorp, Inc./Massachusetts	1,100	$	33,110
Centrue Financial Corp.*	2,200		50,622
CFS Bancorp, Inc.^	4,940		73,063
Citizens First Bancorp, Inc.^	1,000		25,460
Community Financial Corp./Virginia	6,200		73,222
Corus Bankshares, Inc.^	49,039		1,096,512
Delta Financial Corp.^	18,929		173,390
Elmira Savings Bank FSB	121		3,576
Farmer Mac, Class C^	19,040		503,989
First Bancorp of Indiana, Inc.	1,600		29,200
First Bancshares, Inc./Missouri	200		3,230
First BancTrust Corp.	2,600		31,460
First Defiance Financial Corp.	4,435		126,531
First Federal Bancshares of Arkansas, Inc.	3,999		92,417
First Federal Bancshares, Inc./Delaware	200		3,950
First Federal Bankshares, Inc.	4,200		91,140
First Financial Holdings, Inc.^	650		22,243
First Franklin Corp.	1,700		26,622
First Niagara Financial Group, Inc.^	119,269		1,738,942
First Place Financial Corp./Ohio^	19,967		452,452
FirstFed Financial Corp.*^	28,000		1,588,160
FMS Financial Corp.	822		18,002
Franklin Bank Corp./Texas*^	3,940		78,327
Great Pee Dee Bancorp, Inc.	500		7,875
Guaranty Federal Bancshares, Inc.	1,220		34,953
HMN Financial, Inc.	2,977		103,480
Home Federal Bancorp/Indiana	2,100		58,275
HopFed Bancorp, Inc.	140		2,268
ITLA Capital Corp.^	7,300		392,448
Lincoln Bancorp/Indiana	158		2,923
LSB Corp.	60		1,020
LSB Financial Corp.	250		6,750
MASSBANK Corp.^	100		3,258
Mayflower Co-Op Bank/Massachusetts	150		1,999
Meta Financial Group, Inc.	410		10,086
MFB Corp.	100		3,200
MutualFirst Financial, Inc.	7,800		160,602
New York Community Bancorp, Inc.	66,842		1,094,872
North Central Bancshares, Inc.	100		4,050
Northeast Bancorp	600		11,730
OceanFirst Financial Corp.^	5,104		109,481
Ocwen Financial Corp.*^	7,380		109,962
Park Bancorp, Inc.	1,300		44,174
Parkvale Financial Corp.	3,042		97,496
People’s Bank/Connecticut	150,350		5,955,363
Peoples Bancorp/Indiana	600		12,030
Peoples Community Bancorp, Inc.	2		38
PFF Bancorp, Inc.^	14,790		547,822
Provident Financial Holdings, Inc.	12,160		366,502
PSB Bancorp, Inc./Pennsylvania*	301		4,798
Radian Group, Inc.	170		10,200
South Street Financial Corp.	600		5,400
Southern Missouri Bancorp, Inc.	70		1,051
TF Financial Corp.^	100		3,064
Timberland Bancorp, Inc./Washington	4,200		147,420
United Community Financial Corp./Ohio^	47,300	$	582,736
United Western Bancorp, Inc.*	4,140		88,099
Washington Savings Bank FSB/Maryland*	2,520		23,663
Webster Financial Corp.	81,500		3,839,465
Willow Financial Bancorp, Inc.^	3,594		56,282
WSFS Financial Corp.^	7,660		476,375
			22,425,530
Total Financials			182,036,134
Health Care (10.0%)
Biotechnology (0.8%)
Cephalon, Inc.*	26,220		1,619,085
Digene Corp.*^	9,636		415,794
Theravance, Inc.*	181,800		4,915,872
			6,950,751
Health Care Equipment & Supplies (3.7%)
Allied Healthcare Products, Inc.*	4,200		22,008
Atrion Corp.	300		23,190
Bausch & Lomb, Inc.^	129,100		6,471,783
Beckman Coulter, Inc.	66,400		3,821,984
Cooper Cos., Inc.^	81,600		4,365,600
Datascope Corp.^	16,713		559,384
DJO, Inc.*^	7,660		318,120
E-Z-Em, Inc.*^	5,190		81,898
Edwards Lifesciences Corp.*	81,100		3,778,449
Enpath Medical, Inc.*	100		1,072
Hillenbrand Industries, Inc.^	96,630		5,505,977
Hospira, Inc.*	160,390		6,138,125
Idexx Laboratories, Inc.*	246		22,420
Iridex Corp.*	900		7,875
Mentor Corp.^	17,530		883,337
National Dentex Corp.*	2,290		44,999
Span-America Medical Systems, Inc.	2,700		37,044
Spectranetics Corp.*^	26		304
Viasys Healthcare, Inc.*^	33,390		909,544
Zoll Medical Corp.*^	320		11,485
			33,004,598
Health Care Providers & Services (1.4%)
Air Methods Corp.*^	600		14,160
Almost Family, Inc.*	2,200		51,062
American Shared Hospital Services	4,050		26,325
Genesis HealthCare Corp.*^	6,582		313,501
Gentiva Health Services, Inc.*	1,510		24,824
HEALTHSOUTH Corp.*^	962,200		4,772,512
Integramed America, Inc.*	1,558		14,785
Manor Care, Inc.	35,132		1,836,701
National Healthcare Corp.	22		1,182
National Home Health Care Corp.	1,600		15,680
NovaMed, Inc.*	4,410		34,751
Pediatrix Medical Group, Inc.*	8,040		366,624
Res-Care, Inc.*^	4,600		92,414
Triad Hospitals, Inc.*^	106,700		4,698,001
			12,262,522
Health Care Technology (0.4%)
IMS Health, Inc.	143,000		3,809,520
Life Sciences Tools & Services (1.5%)
Bio-Rad Laboratories, Inc., Class A*^	1,100		77,803
Harvard Bioscience, Inc.*	520		2,340
Kendle International, Inc.*^	4,380		140,248
Medtox Scientific, Inc.*	280		2,752
New Brunswick Scientific, Inc.*	200		1,566
Parexel International Corp.*^	1,975		65,353

63

AXA PREMIER VIP TRUST

AXA PREMIER VIP MID CAP VALUE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2006 (Unaudited)

	Number of Shares	Value (Note 1)
PerkinElmer, Inc.	22,850	$	432,550
Thermo Electron Corp.*	175,500		6,902,415
Tripos, Inc.*^	4,852		8,297
Varian, Inc.*^	116,860		5,360,368
			12,993,692
Pharmaceuticals (2.2%)
Alpharma, Inc., Class A^	42,537		994,940
Barr Pharmaceuticals, Inc.*	95,300		4,949,882
Endo Pharmaceuticals Holdings, Inc.*	208,900		6,799,695
Impax Laboratories, Inc.*^	326,100		2,142,477
King Pharmaceuticals, Inc.*	5,060		86,172
Valeant Pharmaceuticals International	244,100		4,828,298
			19,801,464
Total Health Care			88,822,547
Industrials (15.3%)
Aerospace & Defense (2.0%)
Alliant Techsystems, Inc.*^	112,600		9,127,356
Armor Holdings, Inc.*	21,361		1,224,626
Esterline Technologies Corp.*^	13,680		461,837
Goodrich Corp.	169,200		6,855,984
Ladish Co., Inc.*^	5,810		167,793
Precision Castparts Corp.	1		38
Sparton Corp.*	100		835
Sypris Solutions, Inc.^	11,674		97,478
Todd Shipyards Corp.	930		16,796
Triumph Group, Inc.^	1,540		65,219
			18,017,962
Air Freight & Logistics (0.1%)
Hub Group, Inc., Class A*^	23,600		537,608
Airlines (0.5%)
Alaska Air Group, Inc.*	33,600		1,278,144
Republic Airways Holdings, Inc.*	13,799		214,160
UAL Corp.*	117,500		3,121,975
			4,614,279
Building Products (0.6%)
American Standard Cos., Inc.	81,700		3,428,949
American Woodmark Corp.^	12,335		415,566
Ameron International Corp.^	13,800		916,872
Griffon Corp.*^	8,140		194,302
International Aluminum Corp.	2,900		108,315
Patrick Industries, Inc.*	2,263		28,152
Universal Forest Products, Inc.^	7,745		379,892
			5,472,048
Commercial Services & Supplies (1.4%)
ADESA, Inc.	87,570		2,023,743
Amrep Corp.^	100		4,887
Banta Corp.	6,890		327,964
Brink’s Co.	410		21,755
Casella Waste Systems, Inc.*	1,626		16,813
CBIZ, Inc.*^	4,200		30,660
Cenveo, Inc.*^	27,830		523,761
Champion Industries, Inc.	400		2,900
Compx International, Inc.	100		1,559
Corrections Corp. of America*	10,590		458,017
Ecology And Environment, Inc.	5,170		52,579
Exponent, Inc.*^	16,200		270,054
ICT Group, Inc.*^	2,440		76,787
IKON Office Solutions, Inc.	1,500		20,160
Kelly Services, Inc., Class A^	26,165		717,183
Layne Christensen Co.*^	9		257
Mac-Gray Corp.*	990		11,633
Nashua Corp.*^	6,700		46,833
National Technical SYS, Inc.*	190		1,277
North American Galvanizing & Coating, Inc.*	1,290	$	8,166
R.R. Donnelley & Sons Co.	106,900		3,523,424
RCM Technologies, Inc.*^	1,634		8,284
Spherion Corp.*	8,360		59,774
Steelcase, Inc., Class A^	7,763		121,801
TeleTech Holdings, Inc.*^	12,091		188,982
United Stationers, Inc.*^	65,700		3,055,707
UTEK Corp.^	3,240		64,897
Viad Corp.	1,630		57,718
Waste Industries USA, Inc.^	13,150		355,444
			12,053,019
Construction & Engineering (1.5%)
Comfort Systems USA, Inc.	12,500		143,250
Foster Wheeler Ltd.*	25,700		991,763
Granite Construction, Inc.	74,300		3,963,905
Insituform Technologies, Inc., Class A*^	1,061		25,761
Michael Baker Corp.*	8,310		169,192
Perini Corp.*	23,795		496,839
Quanta Services, Inc.*	400		6,744
Shaw Group, Inc.*^	90,400		2,137,056
URS Corp.*	144,400		5,615,716
			13,550,226
Electrical Equipment (1.2%)
Acuity Brands, Inc.^	86,430		3,923,922
AZZ, Inc.*	100		3,650
Channell Commercial Corp.*	300		921
Chase Corp.	1,100		19,701
Encore Wire Corp.*^	23,340		823,669
Espey Manufacturing & Electronics Corp.	300		5,100
Genlyte Group, Inc.*^	2,746		195,515
Lamson & Sessions Co.*^	8,500		202,470
Preformed Line Products Co.^	3,700		131,054
Regal-Beloit Corp.^	55,900		2,431,650
SL Industries, Inc.*	7,300		140,160
Thomas & Betts Corp.*	13,300		634,543
Universal Security Instruments, Inc.*	460		12,535
Woodward Governor Co.^	69,012		2,314,662
			10,839,552
Industrial Conglomerates (2.0%)
Carlisle Cos., Inc.	38,900		3,271,490
McDermott International, Inc.*	95,850		4,006,530
Sequa Corp., Class A*	8,640		810,950
Standex International Corp.^	25,200		702,576
Teleflex, Inc.	71,674		3,987,941
Tredegar Corp.	100		1,674
Walter Industries, Inc.^	103,960		4,437,013
			17,218,174
Machinery (5.2%)
Albany International Corp.	5,400		171,828
Baldwin Technology Co.*	1,250		7,237
Cummins, Inc.	5,020		598,535
Dover Corp.	108,095		5,128,027
Eastern Co.	3,600		100,800
EnPro Industries, Inc.*^	20,600		619,236
Flow International Corp.*^	1,900		24,643
Hardinge, Inc.^	3,862		51,365
Harsco Corp.	61,800		4,798,770
Hurco Cos., Inc.*^	100		2,403
JLG Industries, Inc.	8,176		161,967
K-Tron International, Inc.*	1,400		88,508
Kennametal, Inc.	87,064		4,932,176
L.B. Foster Co., Class A*^	8,263		133,034
L.S. Starrett Co., Class A^	7,020		100,386

65

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AXA PREMIER VIP MID CAP VALUE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2006 (Unaudited)

	Number of Shares	Value (Note 1)
Lydall, Inc.*	8,880	$	79,032
Mueller Industries, Inc.	30,850		1,084,994
NACCO Industries, Inc., Class A	7,000		951,370
Parker Hannifin Corp.	59,800		4,648,254
Pentair, Inc.	202,300		5,298,237
Robbins & Myers, Inc.^	21,860		675,911
SPX Corp.	116,400		6,220,416
Supreme Industries, Inc., Class A^	2,910		19,264
Tennant Co.	1,000		24,340
Terex Corp.*	56,800		2,568,496
Timken Co.	86,700		2,581,926
Toro Co.^	62,800		2,648,276
Trinity Industries, Inc.^	75,240		2,420,471
Twin Disc, Inc.	6,780		221,299
			46,361,201
Marine (0.0%)
B&H Ocean Carriers Ltd.*	550		8,690
Road & Rail (0.4%)
Arkansas Best Corp.	600		25,818
Covenant Transport, Inc., Class A*^	8,544		104,322
Laidlaw International, Inc.	11,560		315,935
Ryder System, Inc.	19,910		1,028,949
Smithway Motor Xpress Corp., Class A*	700		5,803
Swift Transportation Co., Inc.*	20,519		486,711
Werner Enterprises, Inc.^	29,268		547,604
YRC Worldwide, Inc.*^	26,300		974,152
			3,489,294
Trading Companies & Distributors (0.4%)
Applied Industrial Technologies, Inc.^	82,245		2,006,778
Huttig Building Products, Inc.*	14,576		80,605
Industrial Distribution Group, Inc.*	11,700		103,428
Rush Enterprises, Inc., Class A*^	960		16,013
Rush Enterprises, Inc., Class B*	7,900		123,161
UAP Holding Corp.^	54,300		1,160,391
Valley National Gases, Inc.^	3,600		89,892
Willis Lease Finance Corp.*	9,270		85,655
			3,665,923
Total Industrials			135,827,976
Information Technology (18.0%)
Communications Equipment (1.1%)
ADC Telecommunications, Inc.*	392,500		5,887,500
Anaren, Inc.*	590		12,431
Arris Group, Inc.*	174,550		2,000,343
Black Box Corp.	1,871		72,819
Communications Systems, Inc.^	13,200		123,288
EMS Technologies, Inc.*^	12,880		241,887
Globecomm Systems, Inc.*^	920		7,857
PC-Tel, Inc.*	1,890		19,845
Powerwave Technologies, Inc.*^	228,000		1,732,800
			10,098,770
Computers & Peripherals (2.3%)
Avid Technology, Inc.*^	51,300		1,868,346
Diebold, Inc.^	130,635		5,686,541
Hypercom Corp.*	50,470		342,187
Imation Corp.	22,260		893,739
KEY Tronic Corp.*	980		5,753
NCR Corp.*	88,500		3,493,980
QLogic Corp.*	142,900		2,700,810
SimpleTech, Inc.*^	1,310		11,934
Sun Microsystems, Inc.*	1,127,700		5,604,669
Western Digital Corp.*	9,160	$	165,796
			20,773,755
Electronic Equipment & Instruments (3.7%)
Arrow Electronics, Inc.*	279,246		7,659,718
Avnet, Inc.*	100,790		1,977,500
AVX Corp.^	4,730		83,674
Bonso Electronic International, Inc.*	5,860		20,041
Checkpoint Systems, Inc.*	11,960		197,460
Coherent, Inc.*	1,996		69,181
CTS Corp.^	4,600		63,388
Flextronics International Ltd.*	297,100		3,755,344
Insight Enterprises, Inc.*	1,040		21,434
Mesa Laboratories, Inc.	600		10,290
NU Horizons Electronics Corp.*^	268		3,414
O.I. Corp.	4,500		45,000
OSI Systems, Inc.*^	10,292		201,723
Park Electrochemical Corp.^	36,600		1,159,488
Perceptron, Inc.*	9,000		77,220
Sigmatron International, Inc.*	2,000		16,560
Spectrum Control, Inc.*	17,470		164,218
Technitrol, Inc.	7,240		216,114
Tektronix, Inc.	240,200		6,948,986
TESSCO Technologies, Inc.*	4,150		122,259
Vishay Intertechnology, Inc.*^	695,670		9,767,207
			32,580,219
Internet Software & Services (0.2%)
Imergent, Inc.*^	12,930		182,701
SonicWALL, Inc.*	75,100		820,092
United Online, Inc.	18,907		230,287
Vignette Corp.*	28,768		389,519
			1,622,599
IT Services (1.0%)
BearingPoint, Inc.*^	184,300		1,448,598
Cass Information Systems, Inc.^	1,237		40,957
Computer Task Group, Inc.*	7,062		28,107
CSP, Inc.*	30		258
Edgewater Technology, Inc.*	8,800		50,160
Inforte Corp.*	6,740		27,836
Lightbridge, Inc.*^	20,470		239,908
Manatron, Inc.*	782		5,435
MPS Group, Inc.*	186,680		2,820,735
Perot Systems Corp., Class A*^	73,070		1,007,635
SYKES Enterprises, Inc.*^	53,545		1,089,641
Unisys Corp.*	357,600		2,024,016
Wright Express Corp.*	5,230		125,834
			8,909,120
Semiconductors & Semiconductor Equipment (7.3%)
Analog Devices, Inc.	268,400		7,888,276
Ceva, Inc.*	66		374
Cypress Semiconductor Corp.*^	220,700		3,921,839
DSP Group, Inc.*	16,708		381,778
Exar Corp.*^	39,159		520,423
Fairchild Semiconductor International, Inc.*	228,080		4,265,096
Integrated Device Technology, Inc.*	13,790		221,467
International Rectifier Corp.*	127,900		4,456,036
Intersil Corp., Class A	144,689		3,552,115
Lam Research Corp.*	6,800		308,244
LSI Logic Corp.*	777,710		6,392,776
Micron Technology, Inc.*	429,500		7,473,300
Microsemi Corp.*^	1,186		22,356
MKS Instruments, Inc.*^	1,420		28,840
National Semiconductor Corp.	194,770		4,582,938
Novellus Systems, Inc.*^	262,150		7,251,069
ON Semiconductor Corp.*	119,925		705,159

66

AXA PREMIER VIP TRUST

AXA PREMIER VIP MID CAP VALUE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2006 (Unaudited)

	Number of Shares	Value (Note 1)
Semitool, Inc.*^	18,190	$	188,085
SRS Labs, Inc.*	100		620
Standard Microsystems Corp.*^	21,801		619,584
Teradyne, Inc.*^	535,100		7,041,916
Varian Semiconductor Equipment Associates, Inc.*^	134,400		4,932,480
White Electronic Designs Corp.*	1,850		9,195
			64,763,966
Software (2.4%)
Activision, Inc.*^	268,740		4,057,974
American Software, Inc., Class A^	7,570		51,854
BMC Software, Inc.*	155,280		4,226,722
ePlus, Inc.*	12,800		124,800
Mapinfo Corp.*^	1,590		20,400
McAfee, Inc.*	267,700		6,547,942
Netmanage, Inc.*	1,158		5,836
NetScout Systems, Inc.*	670		4,348
Reynolds & Reynolds Co., Class A	84,400		3,334,644
SPSS, Inc.*^	22,619		563,892
Sybase, Inc.*	100,105		2,426,545
			21,364,957
Total Information Technology			160,113,386
Materials (6.4%)
Chemicals (3.8%)
Albemarle Corp.	44,600		2,423,118
Arch Chemicals, Inc.^	32,360		920,642
Ashland, Inc.^	25,400		1,620,012
Bairnco Corp.	790		9,480
Chemtura Corp.	357,700		3,101,259
Cytec Industries, Inc.	174,430		9,696,564
FMC Corp.	62,000		3,972,340
Hercules, Inc.*	26,810		422,794
ICO, Inc.*	2,750		18,205
Innospec, Inc.^	14,020		416,394
International Flavors & Fragrances, Inc.	153,900		6,085,206
Landec Corp.*^	2,410		26,028
LSB Industries, Inc.*	560		5,040
Lubrizol Corp.	13,400		612,782
Material Sciences Corp.*	1,970		19,621
NewMarket Corp.	880		51,181
OM Group, Inc.*	4,730		207,836
Penford Corp.	3,844		58,198
PolyOne Corp.*	66,610		554,861
Schulman (A.), Inc.^	41,946		986,151
Scotts Miracle-Gro Co., Class A	11,589		515,595
Sensient Technologies Corp.	57,220		1,119,795
Stepan Co.	7,130		208,410
Westlake Chemical Corp.	15,830		506,718
			33,558,230
Construction Materials (0.3%)
Martin Marietta Materials, Inc.	28,900		2,445,518
Containers & Packaging (1.2%)
AEP Industries, Inc.*	220		9,229
Bemis Co.	1,960		64,406
Mod-Pac Corp.*	676		7,436
Pactiv Corp.*	156,700		4,453,414
Temple-Inland, Inc.	163,724		6,565,332
			11,099,817
Metals & Mining (1.1%)
Carpenter Technology Corp.	10,800		1,161,108
Century Aluminum Co.*^	69,600		2,342,040
Chaparral Steel Co.*	14,321		487,773
Cleveland-Cliffs, Inc.^	53,400		2,035,074
Commercial Metals Co.	6,430	$	130,722
Friedman Industries, Inc.	1,080		9,018
Gibraltar Industries, Inc.	2,400		53,232
Grupo Imsa S.A. de C.V.	263,400		1,149,513
Metal Management, Inc.^	13,000		361,920
Northwest Pipe Co.*^	7,900		237,000
Olympic Steel, Inc.^	420		10,441
Reliance Steel & Aluminum Co.	11,050		355,147
Ryerson, Inc.^	37,095		812,010
Schnitzer Steel Industries, Inc.^	11,444		360,944
Synalloy Corp.*	2,124		29,863
Verzatec S.A. de C.V.*	29,300		13,053
			9,548,858
Total Materials			56,652,423
Telecommunication Services (0.9%)
Diversified Telecommunication Services (0.8%)
Alaska Communications Systems Group, Inc.^	6,920		91,828
Atlantic Tele-Network, Inc.^	4,250		78,540
CenturyTel, Inc.	23,015		913,005
CT Communications, Inc.^	28,650		622,278
D&E Communications, Inc.	16,780		211,596
Embarq Corp.	71,500		3,458,455
General Communication, Inc., Class A*^	10,304		127,667
Golden Telecom, Inc.	1,191		36,028
HickoryTech Corp.	1,046		7,322
Time Warner Telecom, Inc., Class A*	62,530		1,188,695
Windstream Corp.	38,310		505,309
			7,240,723
Wireless Telecommunication Services (0.1%)
NII Holdings, Inc.*	3,335		207,303
Syniverse Holdings, Inc.*	53,600		804,000
USA Mobility, Inc.^	3,746		85,559
			1,096,862
Total Telecommunication Services			8,337,585
Utilities (5.6%)
Electric Utilities (2.6%)
Central Vermont Public Service Corp.	830		18,351
Cleco Corp.^	54,090		1,365,232
Green Mountain Power Corp.	6,740		224,914
Northeast Utilities	169,920		3,954,038
Pepco Holdings, Inc.	143,900		3,478,063
Pinnacle West Capital Corp.	75,060		3,381,453
PPL Corp.	182,500		6,004,250
UIL Holdings Corp.^	19,333		724,988
Unisource Energy Corp.	29,750		991,567
Unitil Corp.	100		2,430
Westar Energy, Inc.	114,300		2,687,193
			22,832,479
Gas Utilities (0.9%)
AGL Resources, Inc.	42,270		1,542,855
Laclede Group, Inc.^	1,380		44,270
New Jersey Resources Corp.^	34,270		1,689,511
Nicor, Inc.^	19,610		838,523
Northwest Natural Gas Co.^	12,920		507,498
UGI Corp.	127,300		3,112,485
WGL Holdings, Inc.^	22,790		714,239
			8,449,381
Multi-Utilities (2.0%)
Alliant Energy Corp.	119,192		4,258,730
CH Energy Group, Inc.^	550		28,309
Florida Public Utilities Co.	100		1,380

67

AXA PREMIER VIP TRUST

AXA PREMIER VIP MID CAP VALUE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2006 (Unaudited)

	Number of Shares		Value (Note 1)
MDU Resources Group, Inc.^		147,150	$	3,287,331
OGE Energy Corp.^		63,420		2,290,096
Puget Energy, Inc.^		78,284		1,779,395
Vectren Corp.		57,460		1,542,801
Wisconsin Energy Corp.		109,600		4,728,144
				17,916,186
Water Utilities (0.1%)
American States Water Co.^		7,360		281,520
Artesian Resources Corp., Class A		400		7,524
California Water Service Group^		1,750		64,628
Middlesex Water Co.		300		5,769
SJW Corp.^		8,800		263,208
				622,649
Total Utilities				49,820,695
Total Common Stocks (97.5%) (Cost $765,413,467)				866,495,852
	Principal Amount
SHORT-TERM INVESTMENTS:
Short-Term Investments of Cash Collateral for Securities Loaned (22.7%)
Accredited Mortgage Loan Trust, Series 06-2 A1
5.37%, 6/27/08 (l)	$	862,919		862,919
ASAP Funding Ltd.
5.37%, 10/10/06		2,886,304		2,886,304
5.33%, 10/19/06		5,951,077		5,951,077
Bavaria TRR Corp.
5.32%, 10/3/06		5,289,157		5,289,157
Cedar Springs Capital Co. LLC
5.29%, 10/5/06		3,975,671		3,975,671
5.30%, 10/5/06		5,960,000		5,960,000
Credit Suisse First Boston/London
5.30%, 10/2/06		9,964,022		9,964,022
Deutsche Bank/London
5.34%, 1/31/07 (l)		2,657,073		2,657,073
Fenway Funding LLC
5.33%, 10/20/06		3,322,514		3,322,514
Fifth Third Bancorp
5.31%, 10/29/07 (l)		398,561		398,561
Fortis Bank/Brussels
5.43%, 10/2/06		18,599,508		18,599,508
Goldman Sachs Group, Inc.
5.39%, 10/1/07 (l)		1,461,390		1,461,390
Harris Nesbit Corp.
5.42%, 10/2/06		6,642,681		6,642,681
Hartford Life, Inc.
5.46%, 10/1/07 (l)		1,062,829		1,062,829
Legacy Capital Co. LLC
5.29%, 10/10/06	$	2,292,062	$	2,292,062
Lehman Brothers Bankhaus AG
5.32%, 12/12/06 (l)		4,915,584		4,915,584
Lehman Brothers, Inc.
5.53%, 12/29/06 (l)		464,988		464,988
Natexis Banques Populaires N.Y.
5.35%, 1/31/07 (l)		664,268		664,268
5.37%, 1/28/08 (l)		3,985,609		3,985,609
New York Life Insurance Co.
5.41%, 12/29/06 (l)		3,321,341		3,321,341
Nomura Securities Co., Ltd.
5.43%, 10/2/06		79,932,236		79,932,236
Norinchukin Bank/London
5.35%, 10/2/06		11,956,827		11,956,827
5.29%, 10/10/06		6,642,681		6,642,681
Scaldis Capital LLC
5.29%, 10/27/06		6,613,509		6,613,509
Sumitomo Mitsui Banking Corp. N.Y.
5.32%, 11/1/06		6,642,681		6,642,681
Thames Asset Global Securitization, Inc.
5.29%, 10/10/06		2,402,954		2,402,954
Three Pillars Funding Corp.
5.29%, 10/20/06		2,926,610		2,926,610
Total Short-Term Investments of Cash Collateral for Securities Loaned				201,795,056
Time Deposit (2.9%)
JPMorgan Chase Nassau
4.78%, 10/2/06		25,356,882		25,356,882
Total Short-Term Investments (25.6%) (Amortized Cost $227,151,938)				227,151,938
Total Investments (123.1%) (Cost/Amortized Cost $992,565,405)				1,093,647,790
Other Assets Less Liabilities (-23.1%)				(205,113,988	)
Net Assets (100%)			$	888,533,802

* Non-income producing.

^ All, or a portion of security out on loan (See Note 1).

(l) Floating Rate Security. Rate disclosed is as of September 30, 2006.

68

AXA PREMIER VIP TRUST

AXA PREMIER VIP MID CAP VALUE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Concluded)

September 30, 2006 (Unaudited)

Investment security transactions for the nine months ended September 30, 2006 were as follows:

Cost of Purchases:
Stocks and long-term corporate debt securities	$	435,729,194
Net Proceeds of Sales and Redemptions:
Stocks and long-term corporate debt securities	$	444,031,801
As of September 30, 2006, 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	$	112,804,964
Aggregate gross unrealized depreciation		(19,634,190	)
Net unrealized appreciation	$	93,170,774
Federal income tax cost of investments	$	1,000,477,016

At September 30, 2006, the Portfolio had loaned securities with a total value of $196,714,439. This was secured by collateral of $201,795,056 which was received as cash and subsequently invested in short-term investments as reported in the portfolio of investments.

For the nine months ended September 30, 2006, the Portfolio incurred approximately $96 as brokerage commissions with Sanford C. Bern-stein & Co., Inc., and $563 with Williams Capital Group, affiliated broker/dealers.

See Notes to Financial Statements.

69

AXA PREMIER VIP TRUST

AXA PREMIER VIP TECHNOLOGY PORTFOLIO

PORTFOLIO OF INVESTMENTS

September 30, 2006 (Unaudited)

	Number of Shares	Value (Note 1)
COMMON STOCKS:
Consumer Discretionary (1.8%)
Hotels, Restaurants & Leisure (0.4%)
Ctrip.com International Ltd. (ADR)^	45,350	$	2,038,483
Household Durables (1.1%)
Garmin Ltd.^	57,400		2,799,972
Sony Corp.	80,900		3,275,331
			6,075,303
Media (0.3%)
DreamWorks Animation SKG, Inc., Class A*	37,930		944,836
Focus Media Holding Ltd. (ADR)*	12,030		696,778
			1,641,614
Total Consumer Discretionary			9,755,400
Health Care (1.6%)
Biotechnology (0.6%)
Gilead Sciences, Inc.*	44,200		3,036,540
Health Care Equipment & Supplies (0.1%)
Conor Medsystems, Inc.*^	19,900		469,043
Mindray Medical International Ltd. (ADR)*^	2,100		35,049
			504,092
Health Care Technology (0.9%)
Cerner Corp.*^	105,430		4,786,522
Total Health Care			8,327,154
Industrials (2.3%)
Aerospace & Defense (0.6%)
United Technologies Corp.	53,900		3,414,565
Commercial Services & Supplies (1.1%)
Manpower, Inc.	51,800		3,173,786
Monster Worldwide, Inc.*	68,000		2,460,920
			5,634,706
Electrical Equipment (0.6%)
ABB Ltd. (Registered)	121,570		1,594,821
Energy Conversion Devices, Inc.*^	41,800		1,548,272
			3,143,093
Total Industrials			12,192,364
Information Technology (86.8%)
Communications Equipment (15.0%)
Arris Group, Inc.*^	171,900		1,969,974
Ciena Corp.*^	70,486		1,920,734
Cisco Systems, Inc.*	634,440		14,592,120
Comverse Technology, Inc.*	334,190		7,165,033
Corning, Inc.*	749,739		18,301,129
Motorola, Inc.	307,900		7,697,500
Nokia Oyj (ADR)	213,865		4,211,002
QUALCOMM, Inc.	278,925		10,138,924
Redback Networks, Inc.*^	54,200		752,296
Research In Motion Ltd.*^	88,600		9,095,676
Sonus Networks, Inc.*^	420,800		2,213,408
Telefonaktiebolaget LM Ericsson (ADR)^	37,460		1,290,497
			79,348,293
Computers & Peripherals (12.9%)
Apple Computer, Inc.*	76,090		5,861,213
EMC Corp.*	810,235		9,706,615
Hewlett-Packard Co.	452,550		16,604,060
Network Appliance, Inc.*	139,470		5,161,785
QLogic Corp.*	385,300		7,282,170
SanDisk Corp.*	169,773		9,089,646
Seagate Technology*	499,298		11,528,791
Sun Microsystems, Inc.*	514,890	$	2,559,003
			67,793,283
Electronic Equipment & Instruments (2.7%)
AU Optronics Corp. (ADR)^	166,000		2,365,500
Hon Hai Precision Industry Co., Ltd.	1,217,118		7,409,904
L-1 Identity Solutions, Inc.*^	341,207		4,452,751
			14,228,155
Internet Software & Services (6.2%)
eBay, Inc.*	302,745		8,585,848
Google, Inc., Class A*	44,980		18,077,462
SINA Corp.*^	14,220		357,633
Tencent Holdings Ltd.	1,720,000		3,959,934
Yahoo! Japan Corp.	10		3,765
Yahoo!, Inc.*	63,250		1,598,960
			32,583,602
IT Services (4.8%)
Accenture Ltd., Class A	126,800		4,020,828
Automatic Data Processing, Inc.	89,200		4,222,728
BISYS Group, Inc.*	151,900		1,649,634
Cognizant Technology Solutions Corp., Class A*	37,800		2,799,468
DST Systems, Inc.*^	70,800		4,366,236
First Data Corp.	144,700		6,077,400
Iron Mountain, Inc.*^	53,600		2,301,584
			25,437,878
Semiconductors & Semiconductor Equipment (24.4%)
Altera Corp.*	553,882		10,180,351
Applied Materials, Inc.	703,033		12,464,775
ASML Holding N.V. (N.Y. Shares)*^	525,463		12,232,779
Broadcom Corp., Class A*	330,748		10,034,894
Chartered Semiconductor Manufacturing Ltd.*	4,762,000		3,632,136
Fairchild Semiconductor International, Inc.*^	116,100		2,171,070
FormFactor, Inc.*^	82,310		3,467,720
Infineon Technologies AG*	133,090		1,576,333
Integrated Device Technology, Inc.*	155,800		2,502,148
Intel Corp.	128,200		2,637,074
International Rectifier Corp.*	61,700		2,149,628
KLA-Tencor Corp.	73,300		3,259,651
Lam Research Corp.*	159,900		7,248,267
Marvell Technology Group Ltd.*	150,900		2,922,933
Maxim Integrated Products, Inc.	221,800		6,225,926
NVIDIA Corp.*	160,400		4,746,236
Qimonda AG (Sponsored ADR)*	52,700		895,900
Samsung Electronics Co., Ltd.	11,066		7,763,153
Silicon-On-Insulater Technologies*	110,263		3,184,604
Taiwan Semiconductor Manufacturing Co., Ltd. (ADR)	1,225,875		11,768,400
Texas Instruments, Inc.	309,197		10,280,800
Trident Microsystems, Inc.*^	101,000		2,349,260
Xilinx, Inc.	229,494		5,037,393
			128,731,431
Software (20.8%)
Activision, Inc.*	189,100		2,855,410
Adobe Systems, Inc.*	359,635		13,468,331
Amdocs Ltd.*	367,860		14,567,256
Autodesk, Inc.*	273,115		9,498,940
Citrix Systems, Inc.*	86,897		3,146,540
Cognos, Inc.*^	58,300		2,127,950
Electronic Arts, Inc.*	105,800		5,890,944
McAfee, Inc.*	78,850		1,928,671
Mercury Interactive Corp.*	64,320		3,314,410
Microsoft Corp.	881,595		24,093,991

70

AXA PREMIER VIP TRUST

AXA PREMIER VIP TECHNOLOGY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2006 (Unaudited)

	Number of Shares		Value (Note 1)
Nintendo Co., Ltd.		37,300	$	7,689,679
Oracle Corp.*		553,930		9,826,718
Red Hat, Inc.*^		344,100		7,253,628
Salesforce.com, Inc.*		49,570		1,778,572
THQ, Inc.*		83,170		2,426,069
				109,867,109
Total Information Technology				457,989,751
Materials (0.5%)
Chemicals (0.5%)
Monsanto Co.		50,400		2,369,304
Total Materials				2,369,304
Telecommunication Services (2.2%)
Wireless Telecommunication Services (2.2%)
American Tower Corp., Class A*		450		16,425
China Mobile Ltd. (Sponsored ADR)^		192,665		6,810,708
NII Holdings, Inc.*		80,990		5,034,338
Total Telecommunication Services				11,861,471
Total Common Stocks (95.2%) (Cost $457,411,897)				502,495,444
	Number of Contracts
WARRANTS:
Information Technology (1.0%)
Electronic Equipment & Instruments (0.2%)
Hon Hai Precision Industry Co., Ltd., TWD 0.000001 expiring 11/17/10*		163,680		996,500
IT Services (0.3%)
Tata Consultancy Services Ltd., $0.0001 expiring 9/12/07* §		34,126		1,518,031
Semiconductors & Semiconductor Equipment (0.5%)
Powerchip Semiconductor Corp., TWD 0.000001 expiring 2/19/09*		4,069,344		2,600,311
Total Warrants (1.0%) (Cost $4,514,647)				5,114,842
	Number of Shares
INVESTMENT COMPANY:
iShares Goldman Sachs
Technology Index Fund		36,900		1,774,152
Total Investment Companies (0.3%) (Cost $1,767,052)				1,774,152
		Principal Amount
SHORT-TERM INVESTMENTS:
Short-Term Investments of Cash Collateral for Securities Loaned (10.9%)
Accredited Mortgage Loan Trust, Series 06-2 A1
5.37%, 6/27/08 (l)	$	245,352		245,352
ASAP Funding Ltd.
5.37%, 10/10/06		820,656		820,656
5.33%, 10/19/06		1,692,056		1,692,056
Bavaria TRR Corp.
5.32%, 10/3/06		1,503,853		1,503,853
Cedar Springs Capital Co. LLC
5.29%, 10/5/06		1,130,393		1,130,393
5.30%, 10/5/06		1,694,593		1,694,593
Credit Suisse First Boston/London
5.30%, 10/2/06	$	2,833,047	$	2,833,047
Deutsche Bank/London
5.34%, 1/31/07 (l)		755,479		755,479
Fenway Funding LLC
5.33%, 10/20/06		944,683		944,683
Fifth Third Bancorp
5.31%, 10/29/07 (l)		113,322		113,322
Fortis Bank/Brussels
5.43%, 10/2/06		5,288,353		5,288,353
Goldman Sachs Group, Inc.
5.39%, 10/1/07 (l)		415,514		415,514
Harris Nesbit Corp.
5.42%, 10/2/06		1,888,698		1,888,698
Hartford Life, Inc.
5.46%, 10/1/07 (l)		302,192		302,192
Legacy Capital Co. LLC
5.29%, 10/10/06		651,697		651,697
Lehman Brothers Bankhaus AG
5.32%, 12/12/06 (l)		1,397,636		1,397,636
Lehman Brothers, Inc.
5.53%, 12/29/06 (l)		132,209		132,209
Natexis Banques Populaires N.Y.
5.35%, 1/31/07 (l)		188,870		188,870
5.37%, 1/28/08 (l)		1,133,219		1,133,219
New York Life Insurance Co.
5.41%, 12/29/06 (l)		944,349		944,349
Nomura Securities Co., Ltd.
5.43%, 10/2/06		22,726,940		22,726,940
Norinchukin Bank/London
5.35%, 10/2/06		3,399,655		3,399,655
5.29%, 10/10/06		1,888,698		1,888,698
Scaldis Capital LLC
5.29%, 10/27/06		1,880,403		1,880,403
Sumitomo Mitsui Banking Corp. N.Y.
5.32%, 11/1/06		1,888,698		1,888,698
Thames Asset Global Securitization, Inc.
5.29%, 10/10/06		683,226		683,226
Three Pillars Funding Corp.
5.29%, 10/20/06		832,116		832,116
Total Short-Term Investments of Cash Collateral for Securities Loaned				57,375,907
Time Deposit (3.7%)
JPMorgan Chase Nassau
4.78%, 10/2/06		19,855,144		19,855,144
Total Short-Term Investments (14.6%) (Amortized Cost $ 77,231,051)				77,231,051
	Number of Contracts (c)
OPTIONS PURCHASED:
Call Options Purchased (0.2%)
Hewlett Packard Co. January 2007 @ $35.00* (Cost $1,040,371)		2,990		1,100,320
Total Investments (111.3%) (Cost/Amortized Cost $541,965,018)				587,715,809
Other Assets Less Liabilities (-11.3%)				(59,802,305	)
Net Assets (100%)			$	527,913,504

71

AXA PREMIER VIP TRUST

AXA PREMIER VIP TECHNOLOGY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Concluded)

September 30, 2006 (Unaudited)

* 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 September 30, 2006, the market value of these securities amounted to $1,518,031 or 0.29% 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.

(c) One contract relates to 100 shares.

(l) Floating Rate Security. Rate disclosed is as of September 30, 2006.

Glossary:

ADR — American Depositary Receipt

Options written for the nine months ended September 30, 2006 were as follows:

	Total Number of Contracts		Total Premiums Received
Options Outstanding—January 1, 2006	669		$	490,144
Options Written	4,232			1,420,314
Options Terminated in Closing Purchase Transactions	(4,016	)		(1,730,713	)
Options Expired	(885	)		(179,745	)
Options Exercised	—			—
Options Outstanding—September 30, 2006	—		$	—

Investment security transactions for the nine months ended September 30, 2006 were as follows:

Cost of Purchases:
Stocks and long-term corporate debt securities	$	667,521,711
Net Proceeds of Sales and Redemptions:
Stocks and long-term corporate debt securities	$	683,232,069

As of September 30, 2006, 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	$	50,314,828
Aggregate gross unrealized depreciation		(12,684,102	)
Net unrealized appreciation	$	37,630,726
Federal income tax cost of investments	$	550,085,083

At September 30, 2006, the Portfolio had loaned securities with a total value of $56,636,132. This was secured by collateral of $57,375,907 which was received as cash and subsequently invested in short-term investments as reported in the portfolio of investments.

For the nine months ended September 30, 2006, the Portfolio incurred approximately $195 as brokerage commissions with Sanford C. Bernstein & Co., Inc., an affiliated broker/dealer.

The Portfolio has a net capital loss carryforward of $194,029,823, of which $17,552,818 expires in the year 2008, $150,823,988 expires in the year 2009, and $25,653,017 expires in the year 2010.

Included in the capital loss carryforward amounts are $194,029,823 of losses acquired from EQ/Technology Portfolio as a result of a tax free reorganization. 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 Financial Statements.

72

AXA PREMIER VIP TRUST

TARGET 2015 ALLOCATION PORTFOLIO

PORTFOLIO OF INVESTMENTS

September 30, 2006 (Unaudited)

	Number of Shares		Value (Note 1)
INVESTMENT COMPANIES:
AXA Premier VIP Aggressive Equity Portfolio* ‡		3,182	$	84,357
AXA Premier VIP High Yield Portfolio ‡		9,002		52,234
AXA Premier VIP Large Cap Value Portfolio ‡		2,561		31,657
AXA Premier VIP Mid Cap Growth Portfolio ‡		570		5,224
AXA Premier VIP Mid Cap Value Portfolio ‡		510		5,214
EQ/Bond Index Portfolio ‡		24,355		252,694
EQ/Equity 500 Index Portfolio ‡		11,980		304,371
EQ/International ETF Portfolio ‡		16,074		162,698
EQ/Small Company Index Portfolio ‡		8,045		101,524
EQ/Van Kampen Emerging Markets Equity Portfolio ‡		3,191		46,793
Total Investment Companies (99.7%) (Cost $1,033,128)				1,046,766
	Principal Amount
SHORT-TERM INVESTMENT:
Time Deposit (0.0%)
JPMorgan Chase Nassau 4.78%, 10/2/06 (Amortized Cost $200)	$	200	$	200
Total Investments (99.7%) (Cost/Amortized Cost $1,033,328)				1,046,966
Other Assets Less Liabilities (0.3%)				3,296
Net Assets (100%)			$	1,050,262

* Non-income producing.

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

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

Investments in companies which were affiliates for the period ended September 30, 2006, were as follows:

Securities	Market Value August 30, 2006*		Purchases at Cost		Sales at Cost		Market Value September 30, 2006		Dividend Income		Realized Gain/ (Loss)
AXA Premier VIP Aggressive Equity Portfolio	$	—	$	84,312	$	1,657	$	84,357	$	—	$	16
AXA Premier VIP High Yield Portfolio		—		52,695		1,037		52,234		—		8
AXA Premier VIP Large Cap Value Portfolio		—		31,617		621		31,657		—		6
AXA Premier VIP Mid Cap Growth Portfolio		—		5,270		104		5,224		—		1
AXA Premier VIP Mid Cap Value Portfolio		—		5,270		104		5,214		—		1
EQ/Bond Index Portfolio		—		255,571		5,031		252,694		—		38
EQ/Equity 500 Index Portfolio		—		302,997		5,942		304,371		—		69
EQ/International ETF Portfolio		—		165,990		3,324		162,698		—		(31	)
EQ/Small Company Index Portfolio		—		102,756		2,018		101,524		—		20
EQ/Van Kampen Emerging Markets Equity Portfolio		—		47,426		939		46,793		—		2
	$	—	$	1,053,904	$	20,777	$	1,046,766	$	—	$	130

* The Portfolio commenced operations on August 30, 2006.

See Notes to Financial Statements.

73

AXA PREMIER VIP TRUST

TARGET 2015 ALLOCATION PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2006 (Unaudited)

Investment security transactions for the period ended September 30, 2006 were as follows:

Cost of Purchases:
Stocks and long-term corporate debt securities	$	1,053,904
Net Proceeds of Sales and Redemptions:
Stocks and long-term corporate debt securities	$	20,907

As of September 30, 2006, 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	$	13,638
Aggregate gross unrealized depreciation		—
Net unrealized appreciation	$	13,638
Federal income tax cost of investments	$	1,033,328

74

AXA PREMIER VIP TRUST

TARGET 2025 ALLOCATION PORTFOLIO

PORTFOLIO OF INVESTMENTS

September 30, 2006 (Unaudited)

	Number of Shares	Value (Note1)
INVESTMENT COMPANIES:
AXA Premier VIP Aggressive Equity Portfolio*‡	3,258	$	86,374
AXA Premier VIP High Yield Portfolio‡	5,533		32,106
AXA Premier VIP Large Cap Value Portfolio‡	2,623		32,413
AXA Premier VIP Mid Cap Growth Portfolio‡	875		8,027
AXA Premier VIP Mid Cap Value Portfolio‡	784		8,011
EQ/Bond Index Portfolio‡	16,716		173,443
EQ/Equity 500 Index Portfolio‡	14,718		373,949
EQ/International ETF Portfolio‡	19,076		193,081
EQ/Small Company Index Portfolio‡	8,873	$	111,976
EQ/Van Kampen Emerging Markets Equity Portfolio‡	3,634		53,295
Total Investments (100.0%) (Cost $1,058,565)			1,072,675
Other Assets Less Liabilities (0.0%)			(389	)
Net Assets (100%)		$	1,072,286

* Non-income producing.

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

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

Investments in companies which were affiliates for the period ended September 30, 2006, were as follows

Securities	Market Value August 30, 2006*		Purchases at Cost		Sales at Cost		Market Value September 30, 2006		Dividend Income		Realized Gain/(Loss)
AXA Premier VIP Aggressive Equity Portfolio	$	—	$	84,685	$	—	$	86,374	$	—	$	—
AXA Premier VIP High Yield Portfolio		—		31,757		—		32,106		—		—
AXA Premier VIP Large Cap Value Portfolio		—		31,757		—		32,413		—		—
AXA Premier VIP Mid Cap Growth Portfolio		—		7,939		—		8,027		—		—
AXA Premier VIP Mid Cap Value Portfolio		—		7,939		—		8,011		—		—
EQ/Bond Index Portfolio		—		172,017		—		173,443		—		—
EQ/Equity 500 Index Portfolio		—		365,205		—		373,949		—		—
EQ/International ETF Portfolio		—		193,188		—		193,081		—		—
EQ/Small Company Index Portfolio		—		111,150		—		111,976		—		—
EQ/Van Kampen Emerging Markets Equity Portfolio		—		52,928		—		53,295		—		—
	$	—	$	1,058,565	$	—	$	1,072,675	$	—	$	—

* The Portfolio commenced operations on August 30, 2006.

Investment security transactions for the period ended September 30, 2006 were as follows:

Cost of Purchases:
Stocks and long-term corporate debt securities	$	1,058,565
Net Proceeds of Sales and Redemptions:
Stocks and long-term corporate debt securities	$	—

As of September 30, 2006, 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	$	14,217
Aggregate gross unrealized depreciation		(107	)
Net unrealized appreciation	$	14,110
Federal income tax cost of investments	$	1,058,565

See Notes to Financial Statements.

75

AXA PREMIER VIP TRUST

TARGET 2035 ALLOCATION PORTFOLIO

PORTFOLIO OF INVESTMENTS

September 30, 2006 (Unaudited)

	Number of Shares	Value (Note1)
INVESTMENT COMPANIES:
AXA Premier VIP Aggressive Equity Portfolio* ‡	3,244	$	86,010
AXA Premier VIP High Yield Portfolio ‡	3,673		21,310
AXA Premier VIP Large Cap Value Portfolio ‡	2,829		34,969
AXA Premier VIP Mid Cap Growth Portfolio ‡	1,162		10,658
AXA Premier VIP Mid Cap Value Portfolio ‡	1,040		10,636
EQ/Bond Index Portfolio ‡	7,169		74,378
EQ/Equity 500 Index Portfolio ‡	16,994		431,774
EQ/International ETF Portfolio ‡	22,119		223,886
EQ/Small Company Index Portfolio ‡	9,257		116,818
EQ/Van Kampen Emerging Markets Equity Portfolio ‡	3,982	$	58,389
Total Investments (100.0%)
(Cost $1,053,829)			1,068,828
Other Assets Less Liabilities (0.0%)			(223	)
Net Assets (100%)		$	1,068,605

* Non-income producing.

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

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

Investments in companies which were affiliates for the period ended September 30, 2006, were as follows:

Securities	Market Value August 30, 2006*		Purchases at Cost		Sales at Cost		Market Value September 30, 2006		Dividend Income		Realized Gain/ (Loss)
AXA Premier VIP Aggressive Equity Portfolio	$	—	$	84,306	$	—	$	86,010	$	—	$	—
AXA Premier VIP High Yield Portfolio		—		21,077		—		21,310		—		—
AXA Premier VIP Large Cap Value Portfolio		—		34,249		—		34,969		—		—
AXA Premier VIP Mid Cap Growth Portfolio		—		10,538		—		10,658		—		—
AXA Premier VIP Mid Cap Value Portfolio		—		10,538		—		10,636		—		—
EQ/Bond Index Portfolio		—		73,768		—		74,378		—		—
EQ/Equity 500 Index Portfolio		—		421,532		—		431,774		—		—
EQ/International ETF Portfolio		—		223,939		—		223,886		—		—
EQ/Small Company Index Portfolio		—		115,921		—		116,818		—		—
EQ/Van Kampen Emerging Markets Equity Portfolio		—		57,961		—		58,389		—		—
	$	—	$	1,053,829	$	—	$	1,068,828	$	—	$	—

* The Portfolio commenced operations on August 30, 2006.

Investment security transactions for the period ended September 30, 2006 were as follows:

Cost of Purchases:
Stocks and long-term corporate debt securities	$	1,053,829
Net Proceeds of Sales and Redemptions:
Stocks and long-term corporate debt securities	$	—
As of September 30, 2006, 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	$	15,052
Aggregate gross unrealized depreciation		(53	)
Net unrealized appreciation	$	14,999
Federal income tax cost of investments	$	1,053,829

See Notes to Financial Statements.

76

AXA PREMIER VIP TRUST

TARGET 2045 ALLOCATION PORTFOLIO

PORTFOLIO OF INVESTMENTS

September 30, 2006 (Unaudited)

	Number of Shares	Value (Note1)
INVESTMENT COMPANIES:
AXA Premier VIP Aggressive Equity Portfolio* ‡	3,082	$	81,702
AXA Premier VIP Large Cap Value Portfolio ‡	2,894		35,772
AXA Premier VIP Mid Cap Growth Portfolio ‡	1,380		12,648
AXA Premier VIP Mid Cap Value Portfolio ‡	1,235		12,624
EQ/Equity 500 Index Portfolio ‡	17,860		453,788
EQ/International ETF Portfolio ‡	23,450		237,358
EQ/Small Company Index Portfolio ‡	9,390		118,489
EQ/Van Kampen Emerging Markets Equity Portfolio ‡	4,292		62,948
Total Investments (100.0%) (Cost $1,000,100)			1,015,329
Other Assets Less Liabilities (0.0%)			(345	)
Net Assets (100%)		$	1,014,984

* Non-income producing.

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

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

Investments in companies which were affiliates for the period ended September 30, 2006, were as follows:

Securities	Market Value August 30, 2006*		Purchases at Cost		Sales at Cost		Market Value September 30, 2006		Dividend Income		Realized Gain/ (Loss)
AXA Premier VIP Aggressive Equity Portfolio	$	—	$	80,008	$	—	$	81,702	$	—	$	—
AXA Premier VIP Large Cap Value Portfolio		—		35,004		—		35,772		—		—
AXA Premier VIP Mid Cap Growth Portfolio		—		12,501		—		12,648		—		—
AXA Premier VIP Mid Cap Value Portfolio		—		12,501		—		12,624		—		—
EQ/Equity 500 Index Portfolio		—		442,544		—		453,788		—		—
EQ/International ETF Portfolio		—		237,524		—		237,358		—		—
EQ/Small Company Index Portfolio		—		117,512		—		118,489		—		—
EQ/Van Kampen Emerging Markets Equity Portfolio		—		62,506		—		62,948		—		—
	$	—	$	1,000,100	$	—	$	1,015,329	$	—	$	—

* The Portfolio commenced operations on August 30, 2006.

Investment security transactions for the period ended September 30, 2006 were as follows:

Cost of Purchases:
Stocks and long-term corporate debt securities	$	1,000,100
Net Proceeds of Sales and Redemptions:
Stocks and long-term corporate debt securities	$	—

As of September 30, 2006, 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	$	15,395
Aggregate gross unrealized depreciation		(166	)
Net unrealized appreciation	$	15,229
Federal income tax cost of investments	$	1,000,100

See Notes to Financial Statements.

77

AXA PREMIER VIP TRUST

NOTES TO FINANCIAL STATEMENTS

September 30, 2006 (Unaudited)

Note 1 Organization and Selected Significant Accounting Policies

AXA Premier VIP Trust (the “Trust”) was organized as a Delaware business trust on October 2, 2001 and is registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as an open-end management investment company with nine diversified Portfolios and eleven non-diversified Portfolios (each a “Portfolio”). The non-diversified Portfolios are: AXA Conservative Allocation Portfolio, AXA Conservative-Plus Allocation Portfolio, AXA Moderate Allocation Portfolio, AXA Moderate-Plus Allocation Portfolio, AXA Aggressive Allocation Portfolio, AXA Premier VIP Health Care Portfolio, AXA Premier VIP Technology Portfolio, Target 2015 Allocation Portfolio, Target 2025 Allocation Portfolio, Target 2035 Allocation Portfolio and Target 2045 Allocation Portfolio (formerly the AXA Target Allocation 2015 Portfolio, AXA Target Allocation 2025 Portfolio, AXA Target Allocation 2035 Portfolio and AXA Target Allocation 2045 Portfolio). The investment manager to each Portfolio is AXA Equitable Life Insurance Company (“AXA Equitable” or the “Manager”). The day-to-day portfolio management of each Portfolio, other than the AXA Conservative Allocation Portfolio, AXA Conservative-Plus Allocation Portfolio, AXA Moderate Allocation Portfolio, AXA Moderate-Plus Allocation Portfolio and AXA Aggressive Allocation Portfolio (“AXA Allocation Portfolios”), and the Target 2015 Allocation Portfolio, Target 2025 Allocation Portfolio, Target 2035 Allocation Portfolio and Target 2045 Allocation Portfolio (“Target Allocation Portfolios”), is provided by multiple investment sub-advisers (each an “Adviser”).

Under the Trust’s organizational documents, its officers and trustees are indemnified against certain liabilities arising out of the performance of their duties to the Trust. In addition, in the normal course of business, the Trust enters into contracts with their vendors and others that provide for general indemnifications. The Trust’s maximum exposure under these arrangements is unknown as this would involve future claims that may be made against the Trust. However, based on experience, the Trust and management expect that risk of loss to be remote.

The AXA Allocation Portfolios and the Target Allocation Portfolios are types of mutual funds often described as “fund of funds.” Each AXA Allocation Portfolio pursues its investment objective by investing exclusively in other mutual funds managed by AXA Equitable (EQ Advisors Trust and AXA Premier VIP Trust).

All of the Portfolios, except the AXA Allocation Portfolios and Target Allocation Portfolios, employ multiple Advisers. Each of the Advisers independently chooses and maintains a portfolio of securities for the Portfolio and each is responsible for investing a specific allocated portion of the Portfolio’s assets. Because each Adviser will be managing its allocated portion of the Portfolio independently from the other Advisers, the same security may be held in different portions of the Portfolio, or may be acquired for one portion of the Portfolio at a time when the Adviser of another portion deems it appropriate to dispose of the security. Similarly, under some market conditions, one Adviser may believe that temporary defensive investments in short-term instruments or cash are appropriate when the other Adviser or Advisers believe continued exposure to the equity markets is appropriate for their portions of the Portfolio. Because each Adviser directs the trading for its own portion of the Portfolio, and does not aggregate its transactions with those of the other Advisers, the Portfolio may incur higher brokerage costs, and have higher portfolio turnover, than would be the case if a single Adviser were managing the entire Portfolio.

The Trust has the right to issue two classes of shares, Class A and Class B. The Class B shares are subject to distribution fees imposed under a distribution plan (“Distribution Plan”) adopted pursuant to Rule 12b-1 under the 1940 Act. Under the Trust’s multiple class distribution system, both classes of shares have identical voting, dividend, liquidation and other rights, other than the payment of distribution fees under the Distribution Plan. The Trust’s shares are currently sold only to insurance company separate accounts in connection with variable life insurance contracts and variable annuity certificates and contracts issued by AXA Equitable, an indirect wholly-owned subsidiary of AXA, AXA Life and Annuity Company (“ALAC”), MONY Life Insurance Company (“MONY”) and MONY Life Insurance Company of America (“MONY America”), as well as insurance companies that are not affiliated with AXA Equitable, ALAC, MONY or MONY America and to The Investment Plan for Employees,

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AXA PREMIER VIP TRUST

NOTES TO FINANCIAL STATEMENTS — (Continued)

September 30, 2006 (Unaudited)

Managers and Agents. The Investment Plan for Employees, Managers and Agents is the primary shareholder of Class A for the AXA Aggressive Allocation Portfolio, AXA Premier VIP Health Care Portfolio, AXA Premier VIP Large Cap Growth Portfolio and AXA Premier VIP Technology Portfolio.

The investment objectives of each Portfolio are as follows:

AXA Conservative Allocation Portfolio — Seeks a high level of current income.

AXA Conservative-Plus Allocation Portfolio — Seeks current income and growth of capital, with a greater emphasis on current income.

AXA Moderate Allocation Portfolio — Seeks long-term capital appreciation and current income.

AXA Moderate-Plus Allocation Portfolio — Seeks long-term capital appreciation and current income, with a greater emphasis on capital appreciation.

AXA Aggressive Allocation Portfolio — Seeks long-term capital appreciation.

AXA Premier VIP Aggressive Equity Portfolio (advised by AllianceBernstein L.P. (“AllianceBernstein”) (an affiliate of AXA Equitable), Legg Mason Capital Management, Inc., Marsico Capital Management, LLC (“Marsico”) and MFS Investment Management (“MFS”)) — Long-term growth of capital.

AXA Premier VIP Core Bond Portfolio (advised by BlackRock Financial Management, Inc. (formerly, BlackRock Advisors, Inc.) and Pacific Investment Management Company LLC (“PIMCO”)) — To seek a balance of a high current income and capital appreciation, consistent with a prudent level of risk.

AXA Premier VIP Health Care Portfolio (advised by A I M Capital Management, Inc., RCM Capital Management LLC (“RCM”) and Wellington Management Company, LLP (“Wellington”)) — Long-term growth of capital.

AXA Premier VIP High Yield Portfolio (advised by PIMCO and Post Advisory Group, LLC) — High total return through a combination of current income and capital appreciation.

AXA Premier VIP International Equity Portfolio (advised by AllianceBernstein, J.P. Morgan Investment Management Inc. and Marsico) — Long-term growth of capital.

AXA Premier VIP Large Cap Core Equity Portfolio (advised by AllianceBernstein, Janus Capital Management LLC and Thornburg Investment Management, Inc.) — Long-term growth of capital.

AXA Premier VIP Large Cap Growth Portfolio (advised by AllianceBernstein, RCM and TCW Investment Management Company (“TCW”)) — Long-term growth of capital.

AXA Premier VIP Large Cap Value Portfolio (advised by AllianceBernstein, Institutional Capital LLC (formerly, Institutional Capital Corporation) and MFS) — Long-term growth of capital.

AXA Premier VIP Mid Cap Growth Portfolio (advised by AllianceBernstein, Franklin Advisers, Inc., and Provident Investment Counsel, Inc.) — Long-term growth of capital.

AXA Premier VIP Mid Cap Value Portfolio (advised by AXA Rosenberg Investment Management LLC (an affiliate of AXA Equitable), TCW and Wellington ) — Long-term growth of capital.

AXA Premier VIP Technology Portfolio (advised by Firsthand Capital Management, Inc., RCM and Wellington) — Long-term growth of capital.

Target 2015 Allocation Portfolio — Seeks the highest total return over time consistent with its asset mix. Total return includes capital growth and income.

Target 2025 Allocation Portfolio — Seeks the highest total return over time consistent with its asset mix. Total return includes capital growth and income.

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AXA PREMIER VIP TRUST

NOTES TO FINANCIAL STATEMENTS — (Continued)

September 30, 2006 (Unaudited)

Target 2035 Allocation Portfolio — Seeks the highest total return over time consistent with its asset mix. Total return includes capital growth and income.

Target 2045 Allocation Portfolio — Seeks the highest total return over time consistent with its asset mix. Total return includes capital growth and income.

The following is a summary of the selected significant accounting policies of the Trust:

The preparation of financial statements in accordance with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts and disclosures. Actual results could differ from those estimates.

Valuation:

Equity securities listed on national securities exchanges are valued at the last sale price or official closing price on the date of valuation or, if there is no sale or official closing price, at the latest available bid price. Other unlisted equity securities are valued at their last sale price or official closing price or, if no reported sale occurs during the day, at a bid price estimated by a broker. Securities listed on the NASDAQ exchange will be valued using the NASDAQ Official Closing Price (“NOCP”). Generally, the NOCP will be the last sale price unless the reported trade for the security is outside the range of the bid/ask price. In such cases, the NOCP will be normalized to the nearer of the bid or ask price.

Convertible preferred stocks listed on national securities exchanges or included on the NASDAQ stock market are valued as of their last sale price or, if there is no sale, at the latest available bid price. Convertible bonds and unlisted convertible preferred stocks are valued at bid prices obtained from one or more of the major dealers in such securities. Where there is a discrepancy between dealers, values may be adjusted based on recent premium spreads to the underlying common stocks. Convertible bonds may be matrix-priced based upon the conversion value to the underlying common stocks and market premiums.

Mortgage-backed and asset-backed securities are valued at prices obtained from a bond pricing service where available, or at a bid price obtained from one or more of the major dealers in such securities. If a quoted price is unavailable, an equivalent yield or yield spread quote will be obtained from a broker and converted to a price.

Options, including options on futures that are traded on exchanges, are valued at their last sale price, and if the last sale price is not available then the previous day’s last sale price is used. Options not traded on an exchange or actively traded are valued at fair value under the direction of the Board of Trustees (“Trustees”).

Long-term corporate bonds may be valued on the basis of prices provided by a pricing service when such prices are believed to reflect the fair market value of such securities. The prices provided by a pricing service take into account many factors, including institutional size, trading in similar groups of securities and any developments related to specific securities; however, when such prices are unavailable, such bonds will be valued using broker quotes.

U.S. Treasury securities and other obligations issued or guaranteed by the U.S. Government, its agencies or instrumentalities, are valued at representative quoted prices.

Foreign securities, including foreign government securities, not traded directly, or in American Depositary Receipt (ADR) or similar form in the United States, are valued at representative quoted prices from the primary exchange in the currency of the country of origin.

Short-term investments which mature in 60 days or less are valued at amortized cost, which approximates market value. Short-term investments, which mature in more than 60 days, are valued at representative quoted prices.

Futures contracts are valued at their last sale price or, if there is no sale, at the latest available bid price.

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AXA PREMIER VIP TRUST

NOTES TO FINANCIAL STATEMENTS — (Continued)

September 30, 2006 (Unaudited)

Forward foreign exchange contracts are valued by interpolating between the forward and spot currency rates as quoted by a pricing service as of a designated hour on the valuation date.

Other securities and assets for which market quotations are not readily available or for which valuation can not be provided, are valued at fair value under the direction of the Trustees.

Investments in the AXA Allocation Portfolios and the Target Allocation Portfolios are valued based on the net asset value per share of each underlying fund, which follow the policies as described above.

Pursuant to procedures approved by the Trustees, events or circumstances affecting the values of portfolio securities that occur between the closing of their principal markets and the time the net asset value is determined may be reflected, as by a method approved by the Trustees, in the Trust’s calculation of net asset values for each applicable Portfolio when the Trust’s Manager deems that the particular event or circumstance would materially affect such Portfolio’s net asset value.

Securities transactions are recorded on the trade date net of brokerage fees, commissions, and transfer fees. Dividend income and distributions to shareholders are recorded on the ex-dividend date. Interest income (including amortization of premium and discount on long-term securities using the effective yield method) is accrued daily.

Realized gains and losses on the sale of investments are computed on the basis of the specific identification method of the investments sold. Unrealized appreciation (depreciation) on investments and foreign currency denominated assets and liabilities is presented net of deferred taxes on unrealized gains in the Statement of Assets and Liabilities.

Expenses attributable to a single Portfolio or class are charged to that Portfolio or class. Expenses of the Trust not attributable to a single Portfolio or class are charged to each Portfolio or class in proportion to the average net assets of each Portfolio or other appropriate allocation methods.

All income earned and expenses incurred by each Portfolio are borne on a pro-rata basis by each outstanding class of shares, based on the proportionate interest in the Portfolio represented by the daily net assets of such class, except for distribution fees which are charged on a class specific basis.

Foreign Currency Valuation:

The books and records of the Trust are kept in U.S. dollars. Foreign currency amounts are translated into U.S. dollars at current exchange rates at the following dates:

(i) market value of investment securities, other assets and liabilities - at the valuation date.

(ii) purchases and sales of investment securities, income and expenses - at the date of such transactions.

The Portfolios do not isolate that portion of the results of operations resulting from changes in foreign exchange rates on investments from the fluctuations arising from changes in market prices of securities held. Such fluctuations are included with the net realized and unrealized gain or loss on securities.

Net currency gains or losses realized and unrealized as a result of differences between interest or dividends, withholding taxes, forward foreign currency exchange contracts and foreign cash recorded on the Portfolio’s books and the U.S. dollar equivalent amount actually received or paid are presented under foreign currency transactions in the realized and unrealized gains and losses section of the Statements of Operations. Net realized gains (losses) on foreign currency transactions represent net foreign exchange gains (losses) from forward foreign currency contracts, disposition of foreign currencies, currency gains or losses realized between the trade and settlement dates on securities transactions, and the difference between the amount of investment income and foreign withholding taxes recorded on a Portfolio’s books and the U.S. dollar equivalent of amounts actually received or paid.

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AXA PREMIER VIP TRUST

NOTES TO FINANCIAL STATEMENTS — (Continued)

September 30, 2006 (Unaudited)

Securities Lending:

For all Portfolios, the Board of Trustees has approved the lending of portfolio securities, through its custodian bank, JPMorgan Chase Bank (“JPMorgan”), acting as lending agent, to certain approved broker-dealers in exchange for negotiated lenders’ fees. By lending investment securities, a Portfolio attempts to increase its net investment income through the receipt of interest on the cash equivalents held as collateral on the loan. Any gain or loss in the market price of the securities loaned that might occur and any interest earned or dividends declared during the term of the loan would be for the account of the Portfolio. Risks of delay in recovery of the securities or even loss of rights in the collateral may occur should the borrower of the securities fail financially. Risks may also arise to the extent that the value of the securities loaned increases above the value of the collateral received. Any such loan of Portfolio securities will be continuously secured by collateral in cash or high grade debt securities at least equal at all times to the market value of the security loaned. JPMorgan will indemnify each Portfolio from any loss resulting from a borrower’s failure to return a loaned security when due. JPMorgan invests the cash collateral on behalf of the Portfolios and retains a portion of the interest earned. The net amount of interest earned, after the interest rebate, is included in the Statements of Operations as securities lending income. At September 30, 2006, the cash collateral received by each Portfolio for securities loaned was invested by JPMorgan and is summarized in the Portfolio of Investments. Each Portfolio has an individual interest equal to the amount of cash collateral contributed.

Repurchase Agreements:

Certain Portfolios may enter into repurchase agreements with qualified and Manager approved banks, broker-dealers or other financial institutions as a means of earning a fixed rate of return on their cash reserves for periods as short as overnight. A repurchase agreement is a contract pursuant to which a Portfolio, against receipt of securities of at least equal value including accrued interest, agrees to advance a specified sum to the financial institution which agrees to reacquire the securities at a mutually agreed upon time (usually one day) and price. Each repurchase agreement entered into by a Portfolio will provide that the value of the collateral underlying the repurchase agreement will always be at least equal to the repurchase price, including any accrued interest. A Portfolio’s right to liquidate such securities in the event of a default by the seller could involve certain costs, losses or delays and, to the extent that proceeds from any sale upon a default of the obligation to repurchase are less than the repurchase price, the Portfolio could suffer a loss.

Options Written:

Certain Portfolios may write (sell) covered options as a hedge to provide protection against adverse movements in the price of securities in the portfolio or to enhance investment performance. Certain Portfolios may purchase and sell exchange traded options on foreign currencies. When a Portfolio writes an option, an amount equal to the premium received by the Portfolio is recorded as a liability and is subsequently adjusted on a daily basis to the current market price of the option written. Premiums received from writing options which expire unexercised are recognized as gains on the expiration date. Premiums received from writing options which are exercised or are cancelled in closing purchase transactions are offset against the cost of any securities purchased or added to the proceeds or netted against the amount paid on the transaction to determine the realized gain or loss. In writing options, a Portfolio must assume that the option may be exercised at any time prior to the expiration of its obligation as a writer, and that in such circumstances the net proceeds of the sale or cost of purchase of the underlying securities and currencies pursuant to the call or put option may be substantially below or above the prevailing market price. By writing a covered call option, a Portfolio, in exchange for the premium, foregoes the opportunity for capital appreciation above the exercise price should the market price of the underlying security increase. A Portfolio also has the additional risk of not being able to enter into a closing purchase transaction if a liquid secondary market does not exist and bears the risk of unfavorable changes in the price of the financial instruments underlying the options. The Portfolios, however, are not subject to credit risk on written options as the counterparty has already performed its obligation by paying the premium at the inception of the contract.

82

AXA PREMIER VIP TRUST

NOTES TO FINANCIAL STATEMENTS — (Continued)

September 30, 2006 (Unaudited)

Short Sales Against the Box:

Certain Portfolios may enter into a “short sale” of securities in circumstances in which, at the time the short position is open, the Portfolio owns at least an equal amount of the securities sold short or owns preferred stocks or debt securities, convertible or exchangeable without payment of further consideration, into at least an equal number of securities sold short. This kind of short sale, which is referred to as one “against the box,” may be entered into by the Portfolio to, for example, lock in a sale price for a security the Portfolio does not wish to sell immediately. The Portfolio will designate the segregation, either on its records or with the Trust’s custodian, of the securities sold short or convertible or exchangeable preferred stocks or debt securities sold in connection with short sales against the box. Not more than 10% of a Portfolio’s net assets may be held as collateral for short sales against the box at any one time. Liabilities for securities sold short are reported at market value in the financial statements. Such liabilities are subject to off-balance sheet risk to the extent of any future increases in market value of the securities sold short. The ultimate liability for securities sold short could exceed the liabilities recorded in the Statement of Assets and Liabilities. The Portfolio bears the risk of potential inability of the broker to meet their obligation to perform.

Futures Contracts, Options on Futures Contracts, Forward Commitments and Foreign Currency Exchange Contracts:

The futures contracts and options on futures contracts used by the Portfolios are agreements to buy or sell a financial instrument for a set price in the future. Certain Portfolios may buy or sell futures contracts and options on futures contracts for the purpose of protecting their portfolio securities against future changes in interest rates and indices which might adversely affect the value of the Portfolios’ securities or the price of securities that it intends to purchase at a later date. Initial margin deposits are made upon entering into futures contracts and options on futures contracts and can be in cash, certain money market instruments, treasury securities or other liquid, high grade debt securities. During the period the futures contracts and options on futures contracts are open, changes in the market price of the contracts are recognized as unrealized gains or losses by “marking-to-market” at the end of each trading day. Variation margin payments on futures contracts and options on futures contracts are received or made, depending upon whether unrealized gains or losses are incurred. When the contract is closed, the Portfolio records a realized gain or loss equal to the difference between the proceeds from (or cost of) the closing transactions and the Portfolio’s basis in the contract. Should interest rates or indices move unexpectedly, the Portfolio may not achieve the anticipated benefits of the futures contracts and may incur a loss. The use of futures contracts transactions involves the risk of imperfect correlation in movements in the price of futures contracts, interest rates and the underlying hedged assets. Use of long futures contracts subjects the Portfolios to risk of loss in excess of the amounts shown on the Statement of Assets and Liabilities, up to the notional value of the futures contracts. Use of short futures contracts subjects the Portfolios to unlimited risk of loss. The Portfolios enter into futures contracts only on exchanges or boards of trade. The exchange or board of trade acts as the counterparty to each futures transaction, therefore, the Portfolio’s credit risk is limited to failure of the exchange or board of trade.

Certain Portfolios may make contracts to purchase or sell securities for a fixed price at a future date beyond customary settlement time (“forward commitments”) if they designate the segregation, either on their records or with the Trust’s custodian, of cash or other liquid securities in an amount sufficient to meet the purchase price, or if they enter into offsetting contracts for the forward sale of other securities they own. These commitments are reported at market value in the financial statements. Forward commitments may be considered securities in themselves and involve a risk of loss if the value of the security to be purchased declines or if the value of the security to be sold increases prior to the settlement date, which is risk in addition to the risk of decline in value of the Portfolio’s other assets. Where such purchases or sales are made through dealers, a Portfolio relies on the dealer to consummate the sale. The dealer’s failure to do so may result in the loss to a Portfolio of an advantageous yield or price. Market risk exists on these commitments to the same extent as if the securities were owned on a settled basis and gains

83

AXA PREMIER VIP TRUST

NOTES TO FINANCIAL STATEMENTS — (Continued)

September 30, 2006 (Unaudited)

and losses are recorded and reported in the same manner. However, during the commitment period, these investments earn no interest or dividends.

Certain Portfolios may purchase foreign currency on a spot (or cash) basis. In addition, certain Portfolios may enter into contracts to purchase or sell foreign currencies at a future date (“forward contracts”). A forward foreign currency exchange contract is a commitment to purchase or sell a foreign currency at a future date at a negotiated forward rate. Daily fluctuations in the value of such contracts are recognized as unrealized appreciation or depreciation by “marking to market.” The gain or loss arising from the difference between the original contracts and the closing of such contracts is included in realized gains or losses from foreign currency transactions in the Statement of Operations. The Advisers may engage in these forward contracts to protect against uncertainty in the level of future exchange rates in connection with the purchase and sale of Portfolio securities (“transaction hedging”) and to protect the value of specific portfolio positions (“position hedging”). The Portfolios are subject to off-balance sheet risk to the extent of the value of the contracts for purchase of foreign currency and in an unlimited amount for sales of foreign currency.

Swaps:

Certain Portfolios may invest in swap contracts, which are derivatives in the form of a contract or other similar instrument which is an agreement to exchange the return generated by one instrument for the return generated by another instrument. The payment streams are calculated by reference to a specified index and agreed upon notional amount. A Portfolio will usually enter into swaps on a net basis, i.e., the two return streams are netted out in a cash settlement on the payment date or dates specified in the instrument, with the Portfolio receiving or paying, as the case may be, only the net amount of the two returns. A Portfolio’s obligations under a swap agreement will be accrued daily (offset against any amounts owing to the Portfolio) and any accrued but unpaid net amounts owed to a swap counterparty will be covered by designating the segregation, either on its records or with the Trust’s custodian, of cash or other liquid obligations. A Portfolio will not enter into any swap agreement unless the counterparty meets the rating requirements set forth in guidelines established by the Trust’s Board of Trustees. Swap agreements are stated at market value on the Statement of Assets and Liabilities. Swaps are marked-to-market daily based upon quotations from market makers and the change, if any, is recorded as unrealized appreciation or depreciation in the Statement of Operations. A realized gain or loss is recorded upon payment or receipt of a periodic payment or termination of swap agreements. Notional principal amounts are used to express the extent of involvement in these transactions, but the amount potentially subject to credit risk is much smaller.

Dollar Roll Transactions:

Certain Portfolios may enter into dollar roll transactions with financial institutions to take advantage of opportunities in the mortgage market. A dollar roll transaction involves a sale by a Portfolio of securities with a simultaneous agreement to repurchase substantially similar securities at an agreed-upon price at a future date. The securities repurchased will bear the same interest rate as those sold, but generally will be collateralized by different pools of mortgages with different prepayment histories. Dollar roll transactions involve the risk that the market value of the securities sold by the Portfolio may decline below the repurchase price of the similar securities. None of the Portfolios had dollar roll transactions outstanding at September 30, 2006.

Market and Credit Risk:

Written options, futures contracts, forward commitments, forward foreign currency exchange contracts and swaps involve elements of both market and credit risk in excess of the amounts reflected in the Statements of Assets and Liabilities. The risk involved in writing an option on a security is that, if the option is exercised, the underlying security is then purchased or sold by the Portfolio at the contract price, which could be disadvantageous relative to the market price. The Portfolio bears the market risk, which arises from any changes in security values. The credit risk for futures contracts and exchange traded options is limited to failure of the exchange or board of trade which acts as the counterparty to the

84

AXA PREMIER VIP TRUST

NOTES TO FINANCIAL STATEMENTS — (Concluded)

September 30, 2006 (Unaudited)

Portfolio’s futures transactions. Forward commitments, forward foreign currency exchange contracts, over-the-counter options and swaps are done directly with the counterparty and not through an exchange and can be terminated only by agreement of both parties to such contracts. With respect to such transactions there is no daily margin settlement and the Portfolio is exposed to the risk of default by the counterparty.

85

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.

AXA Premier VIP Trust

By:	/s/ Steven M. Joenk
Steven M. Joenk President and Chairman November 29, 2006

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
November 29, 2006
By:	/s/ Kenneth T. Kozlowski
Kenneth T. Kozlowski
Chief Financial Officer
November 29, 2006