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: January 1, 2007 – March 31, 2007

Item 1. Schedule of Investments.

The following are schedules of investments of the registrant as of March 31, 2007. The schedules have not been audited.

AXA Premier VIP Trust

Quarterly Report

March 31, 2007

AXA PREMIER VIP TRUST

AXA CONSERVATIVE ALLOCATION PORTFOLIO

PORTFOLIO OF INVESTMENTS

March 31, 2007 (Unaudited)

	Number of Shares		Value (Note 1)
INVESTMENT COMPANIES:
AXA Premier VIP Aggressive Equity Portfolio‡		259,753	$	7,497,842
AXA Premier VIP Core Bond Portfolio‡		5,635,705		57,568,526
AXA Premier VIP High Yield Portfolio‡		3,926,920		22,616,830
AXA Premier VIP International Equity Portfolio‡		654,569		10,393,444
AXA Premier VIP Large Cap Core Equity Portfolio‡		268,945		3,264,163
AXA Premier VIP Large Cap Value Portfolio‡		811,300		10,585,346
AXA Premier VIP Mid Cap Value Portfolio‡		487,424		5,119,036
EQ/AllianceBernstein Quality Bond Portfolio‡		991,900		10,061,715
EQ/AllianceBernstein Value Portfolio‡		1,273,011		20,910,071
EQ/Capital Guardian International Portfolio‡		217,984		3,133,499
EQ/Evergreen International Bond Portfolio‡		1,962,810		19,895,222
EQ/JPMorgan Core Bond Portfolio‡		1,024,778		11,388,022
EQ/Long Term Bond Portfolio‡		3,396,120		45,387,639
EQ/Marsico Focus Portfolio‡		703,357		11,846,454
EQ/Mercury Basic Value Equity Portfolio‡		694,771		12,000,003
EQ/Mercury International Value Portfolio‡		181,922		3,083,033
EQ/Money Market Portfolio‡		21,440		21,440
EQ/Short Duration Bond Portfolio‡		15,193,493		153,662,307
Total Investment Companies (99.3%) (Cost $400,971,897)				408,434,592
	Principal Amount
SHORT-TERM INVESTMENT:
Time Deposit (0.3%)
JPMorgan Chase Nassau 4.79%, 4/2/07 (Amortized Cost $1,312,761)	$	1,312,761	$	1,312,761
Total Investments (99.6%) (Cost/Amortized Cost $402,284,658)				409,747,353
Other Assets Less Liabilities (0.4%)				1,442,618
Net Assets (100%)			$	411,189,971

‡ 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.

1

AXA PREMIER VIP TRUST

AXA CONSERVATIVE ALLOCATION PORTFOLIO

PORTFOLIO OF INVESTMENTS (Concluded)

March 31, 2007 (Unaudited)

Investments in companies which were affiliates for the three months ended March 31, 2007, were as follows:

Securities	Market Value December 31, 2006		Purchases at Cost		Sales at Cost		Market Value March 31, 2007		Dividend Income		Realized Gain/(Loss)
AXA Premier VIP Aggressive Equity Portfolio	$	6,419,021	$	1,765,003	$	591,390	$	7,497,842	$	—	$	134,010
AXA Premier VIP Core Bond Portfolio		53,362,516		7,884,852		3,794,917		57,568,526		654,412		(85,492	)
AXA Premier High Yield Portfolio		18,820,630		5,530,248		2,312,053		22,616,830		—		(48,686	)
AXA Premier VIP International Equity Portfolio		9,075,504		2,521,432		1,390,202		10,393,444		—		46,083
AXA Premier VIP Large Cap Core Equity Portfolio		2,766,304		756,430		282,562		3,264,163		—		28,323
AXA Premier VIP Large Cap Value Portfolio		9,147,950		2,521,432		1,140,172		10,585,346		—		146,112
AXA Premier VIP Mid Cap Value Portfolio		4,779,004		1,260,716		1,168,913		5,119,036		—		(771	)
EQ/AllianceBernstein Quality Bond Portfolio		8,951,693		2,707,364		1,696,742		10,061,715		—		20,583
EQ/AllianceBernstein Value Portfolio		20,091,406		4,589,287		3,454,458		20,910,071		—		460,229
EQ/Capital Guardian International Portfolio		2,675,404		756,430		407,539		3,133,499		—		3,347
EQ/Evergreen International Bond Portfolio		15,653,728		6,295,008		2,143,875		19,895,222		—		32,323
EQ/JPMorgan Core Bond		—		15,541,535		4,142,348		11,388,022		—		41,821
EQ/Long Term Bond Portfolio		38,510,641		11,329,543		4,845,966		45,387,639		—		(199,145	)
EQ/Marsico Focus Portfolio		10,557,488		3,025,719		1,424,822		11,846,454		—		318,719
EQ/Mercury Basic Value Equity Portfolio		10,274,721		3,008,816		1,294,578		12,000,003		—		182,505
EQ/Mercury International Value Portfolio		2,676,844		756,430		413,724		3,083,033		—		(2,839	)
EQ/Money Market Portfolio		21,192		248		—		21,440		248		—
EQ/Short Duration Bond Portfolio		130,476,014		36,511,460		15,030,923		153,662,307		—		89,072
	$	344,260,060	$	106,761,953	$	45,535,184	$	408,434,592	$	654,660	$	1,166,194

Investment security transactions for the three months ended March 31, 2007 were as follows:

Cost of Purchases:
Investment Companies	$	106,761,953
Net Proceeds of Sales and Redemptions:
Investment Companies	$	46,701,378
As of March 31, 2007, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investments for Federal income tax purposes was as follows:
Aggregate gross unrealized appreciation	$	5,552,874
Aggregate gross unrealized depreciation		(707,768	)
Net unrealized appreciation	$	4,845,106
Federal income tax cost of investments	$	404,902,247

See Notes to Financial Statements.

2

AXA PREMIER VIP TRUST

AXA CONSERVATIVE-PLUS ALLOCATION PORTFOLIO

PORTFOLIO OF INVESTMENTS

March 31, 2007 (Unaudited)

	Number of Shares		Value (Note 1)
INVESTMENT COMPANIES:
AXA Premier VIP Aggressive Equity Portfolio‡		686,168	$	19,806,431
AXA Premier VIP Core Bond Portfolio‡		10,208,898		104,283,533
AXA Premier VIP High Yield Portfolio‡		6,846,251		39,430,523
AXA Premier VIP International Equity Portfolio‡		3,448,083		54,749,745
AXA Premier VIP Large Cap Core Equity Portfolio‡		1,082,071		13,133,027
AXA Premier VIP Large Cap Value Portfolio‡		2,692,576		35,131,078
AXA Premier VIP Mid Cap Growth Portfolio‡		252,965		2,372,967
AXA Premier VIP Mid Cap Value Portfolio‡		1,206,810		12,674,192
EQ/AllianceBernstein Quality Bond Portfolio‡		2,515,615		25,518,108
EQ/AllianceBernstein Value Portfolio‡		5,132,479		84,304,456
EQ/Capital Guardian International Portfolio‡		1,076,489		15,474,448
EQ/Evergreen International Bond Portfolio‡		3,539,869		35,880,428
EQ/Franklin Small Cap Value Portfolio‡		76,574		859,225
EQ/JPMorgan Core Bond‡		911,306		10,127,050
EQ/Long Term Bond Portfolio‡		5,348,962		71,486,517
EQ/Marsico Focus Portfolio‡		3,068,657		51,684,543
EQ/Mercury Basic Value Equity Portfolio‡		2,780,353		48,021,915
EQ/Mercury International Value Portfolio‡		898,825		15,232,388
EQ/Money Market Portfolio‡		21,440		21,440
EQ/Short Duration Bond Portfolio‡		23,390,629		236,565,614
EQ/Small Cap Value Portfolio‡		1,098,155		15,205,990
EQ/Small Company Index Portfolio‡		1,081,179		14,320,695
Total Investment Companies (99.7%) (Cost $879,295,788)				906,284,313
	Principal Amount
SHORT-TERM INVESTMENT:
Time Deposit (0.1%)
JPMorgan Chase Nassau 4.79%, 4/2/07 (Amortized Cost $664,459)	$	664,459	$	664,459
Total Investments (99.8%) (Cost/Amortized Cost $879,960,247)				906,948,772
Other Assets Less Liabilities (0.2%)				1,794,579
Net Assets (100%)			$	908,743,351

‡ 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)

March 31, 2007 (Unaudited)

Investments in companies which were affiliates for the three months ended March 31, 2007, were as follows:

Securities	Market Value December 31, 2006		Purchases at Cost		Sales at Cost		Market Value March 31, 2007		Dividend Income		Realized Gain/(Loss)
AXA Premier VIP Aggressive Equity Portfolio	$	17,765,587	$	2,465,975	$	365,631	$	19,806,431	$	—	$	92,182
AXA Premier VIP Core Bond Portfolio		96,813,095		9,119,893		1,809,178		104,283,533		1,202,643		(35,863	)
AXA Premier VIP High Yield Portfolio		35,000,351		4,284,483		836,518		39,430,523		—		(2,244	)
AXA Premier VIP International Equity Portfolio		50,300,154		6,093,232		2,566,381		54,749,745		—		86,550
AXA Premier VIP Large Cap Core Equity Portfolio		11,828,243		1,413,311		266,356		13,133,027		—		20,024
AXA Premier VIP Large Cap Value Portfolio		32,214,874		3,528,398		1,076,857		35,131,078		—		110,192
AXA Premier VIP Mid Cap Growth Portfolio		1,978,990		405,197		100,054		2,372,967		—		(9,974	)
AXA Premier VIP Mid Cap Value Portfolio		10,629,093		1,863,058		367,739		12,674,192		—		(16,146	)
EQ/AllianceBernstein Quality Bond Portfolio		22,801,702		3,464,329		1,132,965		25,518,108		—		(36,655	)
EQ/AllianceBernstein Value Portfolio		79,443,996		8,875,305		3,772,913		84,304,456		—		477,646
EQ/Capital Guardian International Portfolio		14,036,731		1,764,199		839,358		15,474,448		—		4,166
EQ/Evergreen International Bond Portfolio		30,160,303		6,284,483		815,419		35,880,428		—		18,855
EQ/Franklin Small Cap Value Portfolio		53,203		966,482		169,575		859,225		—		2,517
EQ/JPMorgan Core Bond		—		11,514,086		1,453,173		10,127,050		—		23,025
EQ/Long Term Bond Portfolio		61,129,833		11,524,417		1,760,342		71,486,517				(66,928	)
EQ/Marsico Focus Portfolio		50,743,765		5,697,795		3,896,075		51,684,543		—		724,579
EQ/Mercury Basic Value Equity Portfolio		44,313,642		5,040,569		1,744,774		48,021,915		—		236,725
EQ/Mercury International Value Portfolio		14,059,918		1,764,199		840,353		15,232,388		—		3,171
EQ/Money Market Portfolio		21,192		248		—		21,440		248		—
EQ/Short Duration Bond Portfolio		213,265,762		25,084,463		4,763,128		236,565,614		—		20,689
EQ/Small Cap Value Portfolio		13,910,464		1,413,311		276,127		15,205,990		—		10,253
EQ/Small Company Index Portfolio		13,736,732		446,829		109,240		14,320,695		—		5,048
	$	814,207,630	$	113,014,262	$	28,962,156	$	906,284,313	$	1,202,891	$	1,667,812

Investment security transactions for the three months ended March 31, 2007 were as follows:

Cost of Purchases:
Investment Companies	$	113,014,262
Net Proceeds of Sales and Redemptions:
Investment Companies	$	30,629,968
As of March 31, 2007, 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	$	27,159,512
Aggregate gross unrealized depreciation		(1,752,970	)
Net unrealized appreciation	$	25,406,542
Federal income tax cost of investments	$	881,542,230

See Notes to Financial Statements.

4

AXA PREMIER VIP TRUST

AXA MODERATE ALLOCATION PORTFOLIO

PORTFOLIO OF INVESTMENTS

March 31, 2007 (Unaudited)

	Number of Shares		Value (Note 1)
INVESTMENT COMPANIES:
AXA Premier VIP Aggressive Equity Portfolio‡		10,731,494	$	309,767,367
AXA Premier VIP Core Bond Portfolio‡		94,271,596		962,981,053
AXA Premier VIP High Yield Portfolio‡		70,362,676		405,249,096
AXA Premier VIP International Equity Portfolio‡		34,073,612		541,031,475
AXA Premier VIP Large Cap Core Equity Portfolio‡		15,202,060		184,506,441
AXA Premier VIP Large Cap Value Portfolio‡		23,352,658		304,691,101
AXA Premier VIP Mid Cap Growth Portfolio‡		13,785,121		129,313,015
AXA Premier VIP Mid Cap Value Portfolio‡		20,387,684		214,116,060
EQ/AllianceBernstein Quality Bond Portfolio‡		106,284,573		1,078,138,473
EQ/AllianceBernstein Value Portfolio‡		28,515,454		468,385,665
EQ/Capital Guardian International Portfolio‡		13,498,810		194,044,301
EQ/Evergreen International Bond Portfolio‡		24,683,046		250,189,575
EQ/Franklin Small Cap Value Portfolio‡		381,507		4,280,808
EQ/JPMorgan Core Bond‡		7,848,262		87,215,201
EQ/Long Term Bond Portfolio‡		21,558,115		288,114,662
EQ/Marsico Focus Portfolio‡.		28,135,264		473,874,476
EQ/Mercury Basic Value Equity Portfolio‡		47,823,153		825,995,701
EQ/Mercury International Value Portfolio‡		11,202,249		189,844,533
EQ/Money Market Portfolio‡		21,440		21,440
EQ/Short Duration Bond Portfolio‡		87,698,086		886,951,412
EQ/Small Cap Value Portfolio‡		16,642,146		230,441,436
EQ/Small Company Index Portfolio‡		5,219,130		69,129,658
EQ/Van Kampen Emerging Markets Equity Portfolio‡		11,516,664		191,862,718
Total Investment Companies (99.9%) (Cost $7,787,435,652)				8,290,145,667
	Principal Amount
SHORT-TERM INVESTMENT:
Time Deposit (0.1%)
JPMorgan Chase Nassau 4.79%, 4/2/07 (Amortized Cost $3,868,801)	$	3,868,801	$	3,868,801
Total Investments (100.0%) (Cost/Amortized Cost $7,791,304,453)				8,294,014,468
Other Assets Less Liabilities (0.0%)				1,198,577
Net Assets (100%)			$	8,295,213,045

‡ 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.

5

AXA PREMIER VIP TRUST

AXA MODERATE ALLOCATION PORTFOLIO

PORTFOLIO OF INVESTMENTS (Concluded)

March 31, 2007 (Unaudited)

Investments in companies which were affiliates for the three months ended March 31, 2007, were as follows:

Securities	Market Value December 31, 2006		Purchases at Cost		Sales at Cost		Market Value March 31, 2007		Dividend Income		Realized Gain/ (Loss)
AXA Premier VIP Aggressive Equity Portfolio	$	300,374,133	$	8,728,054	$	87,978	$	309,767,367	$	—	$	42,631
AXA Premier VIP Core Bond Portfolio		917,014,241		45,373,544		515,362		962,981,053		11,226,947		(4,241	)
AXA Premier VIP High Yield Bond Portfolio		386,680,704		8,214,639		116,223		405,249,096		—		6,703
AXA Premier VIP International Equity Portfolio		517,933,957		13,348,788		196,268		541,031,475		—		3,486
AXA Premier VIP Large Cap Core Equity Portfolio		177,296,749		4,620,734		61,021		184,506,441		—		8,124
AXA Premier VIP Large Cap Value Portfolio		292,553,572		7,187,809		94,886		304,691,101		—		12,674
AXA Premier VIP Mid Cap Growth Portfolio		154,239,777		188,163		25,330,484		129,313,015		—		4,677,835
AXA Premier VIP Mid Cap Value Portfolio		223,357,862		564,490		20,990,335		214,116,060		—		(965,379	)
EQ/AllianceBernstein Large Cap Growth Portfolio		74,637,582		—		56,545,187		—		—		19,525,667
EQ/AllianceBernstein Quality Bond Portfolio		1,050,743,242		12,115,388		92,670		1,078,138,473		—		(820	)
EQ/AllianceBernstein Value Portfolio		455,730,614		11,714,462		154,398		468,385,665		—		18,148
EQ/Capital Guardian International Portfolio		182,967,416		4,620,734		69,891		194,044,301		—		(746	)
EQ/Evergreen International
Bond Portfolio		226,029,580		22,674,394		98,888		250,189,575		—		989
EQ/Franklin Small Cap Value Portfolio		103,123		4,135,805		17,952		4,280,808		—		301
EQ/JPMorgan Core Bond		—		86,901,999		197,781		87,215,201		—		3,058
EQ/Long Term Bond Portfolio		239,591,218		47,030,079		130,922		288,114,662		—		(5,109	)
EQ/Marsico Focus Portfolio		463,298,726		12,741,292		131,228		473,874,476		—		56,684
EQ/Mercury Basic Value Equity Portfolio		811,733,864		18,671,101		11,770,991		825,995,701		—		3,513,910
EQ/Mercury International Value Portfolio		182,206,994		4,620,734		69,936		189,844,533		—		(790	)
EQ/Money Market Portfolio		21,192		248		—		21,440		248		—
EQ/Short Duration Bond Portfolio		816,481,232		59,469,346		317,651		886,951,412		—		868
EQ/Small Cap Value Portfolio		212,983,113		15,007,646		93,321		230,441,436		—		16,490
EQ/Small Company Index Portfolio		62,621,034		5,439,093		78,722		69,129,658		—		1,630
EQ/Van Kampen Emerging Markets Equity Portfolio		223,855,451		4,295,483		39,739,280		191,862,718		—		330,502
	$	7,972,455,376	$	397,664,025	$	156,901,375	$	8,290,145,667	$	11,227,195	$	27,242,615

Investment security transactions for the three months ended March 31, 2007 were as follows:

Cost of Purchases:
Investment Companies	$	397,664,025
Net Proceeds of Sales and Redemptions:
Investment Companies	$	184,143,990

As of March 31, 2007, 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	$	519,085,257
Aggregate gross unrealized depreciation		(18,439,629	)
Net unrealized appreciation	$	500,645,628
Federal income tax cost of investments	$	7,793,368,840

The Portfolio has a net capital loss carryforward of $55,165,305, of which $196,495 expires in the year 2008, and $54,968,810 expires in the year 2009.

See Notes to Financial Statements.

6

AXA PREMIER VIP TRUST

AXA MODERATE-PLUS ALLOCATION PORTFOLIO

PORTFOLIO OF INVESTMENTS

March 31, 2007 (Unaudited)

	Number of Shares		Value (Note 1)
INVESTMENT COMPANIES:
AXA Premier VIP Aggressive Equity Portfolio‡		15,112,290	$	436,220,192
AXA Premier VIP Core Bond Portfolio‡		71,098,427		726,267,944
AXA Premier VIP International Equity Portfolio‡		40,557,603		643,986,322
AXA Premier VIP Large Cap Core Equity Portfolio‡		26,286,476		319,037,286
AXA Premier VIP Large Cap Value Portfolio‡		36,925,397		481,779,850
AXA Premier VIP Mid Cap Growth Portfolio‡		4,916,378		46,118,690
AXA Premier VIP Mid Cap Value Portfolio‡		10,715,174		112,533,172
EQ/AllianceBernstein Quality Bond Portfolio‡		25,628,676		259,974,343
EQ/AllianceBernstein Value Portfolio‡		41,684,411		684,694,709
EQ/Capital Guardian International Portfolio‡		15,771,896		226,719,718
EQ/Franklin Small Cap Value Portfolio‡		956,456		10,732,196
EQ/JPMorgan Core Bond Portfolio‡		4,750,476		52,790,511
EQ/Long Term Bond Portfolio‡		22,839,916		305,245,374
EQ/Marsico Focus Portfolio‡.		40,440,415		681,126,730
EQ/Mercury Basic Value Equity Portfolio‡		49,926,396		862,322,652
EQ/Mercury International Value Portfolio‡		20,611,758		349,307,492
EQ/Short Duration Bond Portfolio‡		63,290,387		640,099,471
EQ/Small Cap Value Portfolio‡		21,543,006		298,302,944
EQ/Small Company Index Portfolio‡		15,589,701		206,492,421
EQ/Van Kampen Emerging Markets Equity Portfolio‡		17,192,491		286,419,571
Total Investment Companies (99.7%) (Cost $7,136,168,918)				7,630,171,588
	Principal Amount
SHORT-TERM INVESTMENT:
Time Deposit (0.2%)
JPMorgan Chase Nassau 4.79%, 4/2/07 (Amortized Cost $12,933,187)	$	12,933,187		12,933,187
Total Investments (99.9%) (Cost/Amortized Cost $7,149,102,105)				7,643,104,775
Other Assets Less Liabilities (0.1%)				6,790,713
Net Assets (100%)				7,649,895,488

‡ 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)

March 31, 2007 (Unaudited)

Investments in companies which were affiliates for the three months ended March 31, 2007, were as follows:

Securities	Market Value December 31, 2006		Purchases at Cost		Sales at Cost		Market Value March 31, 2007		Dividend Income		Realized Gain/ (Loss)
AXA Premier VIP Aggressive Equity Portfolio	$	378,734,859	$	57,272,687	$	181,441	$	436,220,192	$	—	$	71,094
AXA Premier VIP Core Bond Portfolio		666,239,477		59,622,685		399,312		726,267,944		8,346,662		(10,798	)
AXA Premier VIP International Equity Portfolio		567,369,872		65,295,515		187,847		643,986,322		—		84,113
AXA Premier VIP Large Cap Core Equity Portfolio		278,905,160		36,091,189		145,132		319,037,286		—		19,986
AXA Premier VIP Large Cap Value Portfolio		417,136,578		57,321,300		225,946		481,779,850		—		36,301
AXA Premier VIP Mid Cap Growth Portfolio		40,332,155		4,246,022		19,469		46,118,690		—		(43	)
AXA Premier VIP Mid Cap Value Portfolio		95,158,914		12,738,067		62,829		112,533,172		—		(4,552	)
EQ/AllianceBernstein Large Cap Growth Portfolio		20,144,444		—		16,179,191		—		—		4,577,790
EQ/AllianceBernstein Quality Bond Portfolio		235,596,909		20,945,350		142,053		259,974,343		—		(6,073	)
EQ/AllianceBernstein Value Portfolio		612,012,618		71,379,787		294,586		684,694,709		—		45,364
EQ/Capital Guardian International Portfolio		196,080,028		23,353,122		70,236		226,719,718		—		36,605
EQ/Franklin Small Cap Value Portfolio		325,480		10,449,101		37,819		10,732,196		—		1,032
EQ/JPMorgan Core Bond Portfolio		—		52,660,833		—		52,790,511		—		—
EQ/Long Term Bond Portfolio		267,290,086		36,091,189		178,455		305,245,374		—		(13,336	)
EQ/Marsico Focus Portfolio		600,809,019		84,871,831		279,786		681,126,730		—		99,015
EQ/Mercury Basic Value Equity Portfolio		758,250,361		93,412,489		361,268		862,322,652		—		66,098
EQ/Mercury International Value Portfolio		312,007,787		31,845,167		122,150		349,307,492		—		23,543
EQ/Short Duration Bond Portfolio		561,238,591		71,237,406		360,216		640,099,471		—		(840	)
EQ/Small Cap Value Portfolio		230,822,766		65,353,351		154,385		298,302,944		—		(8,692	)
EQ/Small Company Index Portfolio		183,680,450		19,447,452		92,384		206,492,421		—		4,745
EQ/Van Kampen Emerging Markets Equity Portfolio		273,852,666		24,673,543		12,789,576		286,419,571		—		7,336,692
	$	6,695,988,220	$	898,308,086	$	32,284,081	$	7,630,171,588	$	8,346,662	$	12,358,044

Investment security transactions for the three months ended March 31, 2007 were as follows:

Cost of Purchases:
Investment Companies	$	898,308,086
Net Proceeds of Sales and Redemptions:
Investment Companies	$	44,642,125

As of March 31, 2007, 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	$	505,735,991
Aggregate gross unrealized depreciation		(11,969,025	)
Net unrealized appreciation	$	493,766,966
Federal income tax cost of investments	$	7,149,337,809

See Notes to Financial Statements.

8

AXA PREMIER VIP TRUST

AXA AGGRESSIVE ALLOCATION PORTFOLIO

PORTFOLIO OF INVESTMENTS

March 31, 2007 (Unaudited)

	Number of Shares		Value (Note 1)
INVESTMENT COMPANIES:
AXA Premier VIP Aggressive Equity Portfolio‡		4,979,456	$	143,733,291
AXA Premier VIP Core Bond Portfolio‡		7,745,075		79,115,669
AXA Premier VIP International Equity Portfolio‡		12,244,041		194,414,715
AXA Premier VIP Large Cap Core Equity Portfolio‡		7,970,992		96,743,424
AXA Premier VIP Large Cap Value Portfolio‡		11,812,680		154,124,579
AXA Premier VIP Mid Cap Growth Portfolio‡		1,011,054		9,484,320
AXA Premier VIP Mid Cap Value Portfolio‡		2,752,812		28,910,657
EQ/AllianceBernstein Quality Bond Portfolio‡		2,745,033		27,845,304
EQ/AllianceBernstein Value Portfolio‡		14,186,311		233,019,780
EQ/Capital Guardian International Portfolio‡		2,775,046		39,891,061
EQ/Franklin Small Cap Value Portfolio‡		377,352		4,234,192
EQ/JPMorgan Core Bond Portfolio‡		872,177		9,692,217
EQ/Marsico Focus Portfolio‡		14,124,254		237,890,905
EQ/Mercury Basic Value Equity Portfolio‡		14,445,534		249,501,503
EQ/Mercury International Value Portfolio‡		9,595,538		162,615,599
EQ/Small Cap Value Portfolio‡		7,666,081		106,151,140
EQ/Small Company Index Portfolio‡		6,333,118		83,884,917
EQ/Van Kampen Emerging Markets Equity Portfolio‡		5,314,117		88,530,931
Total Investment Companies (99.5%) (Cost $1,808,257,602)				1,949,784,204
	Principal Amount
SHORT-TERM INVESTMENT:
Time Deposit (0.3%)
JPMorgan Chase Nassau 4.79%, 4/2/07 (Amortized Cost $4,516,415)	$	4,516,415	$	4,516,415
Total Investments (99.8%) (Cost/Amortized Cost $1,812,774,017)				1,954,300,619
Other Assets Less Liabilities (0.2%)				4,724,327
Net Assets (100%)			$	1,959,024,946

‡ 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)

March 31, 2007 (Unaudited)

Investments in companies which were affiliates for the three months ended March 31, 2007, were as follows:

Securities	Market Value December 31, 2006		Purchases at Cost		Sales at Cost		Market Value March 31, 2007		Dividend Income		Realized Gain/ (Loss)
AXA Premier VIP Aggressive Equity Portfolio	$	122,559,548	$	21,461,459	$	331,190	$	143,733,291	$	—	$	63,988
AXA Premier VIP Core Bond Portfolio		72,328,612		6,732,232		41,998		79,115,669		914,960		(1,118	)
AXA Premier VIP International Equity Portfolio		163,240,163		28,249,351		377,642		194,414,715		—		153,804
AXA Premier VIP Large Cap Core Equity Portfolio		81,800,121		13,990,270		232,830		96,743,424		—		26,079
AXA Premier VIP Large Cap Value Portfolio		129,731,044		22,454,613		381,747		154,124,579		—		40,684
AXA Premier VIP Mid Cap Growth Portfolio		7,757,669		1,448,685		29,765		9,484,320		—		(2,512	)
AXA Premier VIP Mid Cap Value Portfolio		20,475,485		7,484,881		84,177		28,910,657		—		(2,416	)
EQ/AllianceBernstein Large Cap Growth Portfolio		7,972,453		—		6,413,722		—		—		1,770,322
EQ/AllianceBernstein Quality Bond Portfolio		24,420,960		3,084,088		42,666		27,845,304		—		(1,785	)
EQ/AllianceBernstein Value Portfolio		198,877,346		34,271,855		571,036		233,019,780		—		69,425
EQ/Capital Guardian International Portfolio		32,926,695		5,794,739		74,220		39,891,061		—		34,795
EQ/Franklin Small Cap Value Portfolio		103,100		4,197,943		53,949		4,234,192		—		559
EQ/JPMorgan Core Bond Portfolio		—		9,931,541		268,367		9,692,217		—		4,169
EQ/Marsico Focus Portfolio		203,806,964		36,444,882		532,002		237,890,905		—		149,339
EQ/Mercury Basic Value Equity Portfolio		210,665,931		36,444,882		613,353		249,501,503		—		67,988
EQ/Mercury International Value Portfolio		136,589,869		23,903,297		349,501		162,615,599		—		100,184
EQ/Small Cap Value Portfolio		85,355,835		20,096,137		350,409		106,151,140		—		(23,365	)
EQ/Small Company Index Portfolio		70,792,182		12,020,996		237,386		83,884,917		—		7,897
EQ/Van Kampen Emerging Markets Equity Portfolio		75,610,222		10,824,089		130,950		88,530,931		—		59,826
	$	1,645,014,199	$	298,835,940	$	11,116,910	$	1,949,784,204	$	914,960	$	2,517,863

Investment security transactions for the three months ended March 31, 2007 were as follows:

Cost of Purchases:
Investment Companies	$	298,835,940
Net Proceeds of Sales and Redemptions:
Investment Companies	$	13,634,773

As of March 31, 2007, 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	$	141,450,361
Aggregate gross unrealized depreciation		(169,982	)
Net unrealized appreciation	$	141,280,379
Federal income tax cost of investments	$	1,813,020,240

See Notes to Financial Statements.

10

AXA PREMIER VIP TRUST

AXA PREMIER VIP AGGRESSIVE EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS

March 31, 2007 (Unaudited)

	Number of Shares	Value (Note 1)
COMMON STOCKS:
Consumer Discretionary (18.3%)
Automobiles (1.2%)
Toyota Motor Corp. (ADR)^	243,883	$	31,256,045
Diversified Consumer Services (0.4%)
Apollo Group, Inc., Class A*	240,587		10,561,769
Hotels, Restaurants & Leisure (4.4%)
Chipotle Mexican Grill, Inc., Class A*^	113,480		7,047,108
Ctrip.com International Ltd. (ADR)^	21,550		1,443,527
Four Seasons Hotels, Inc.	279,272		22,425,542
Las Vegas Sands Corp.*	234,314		20,293,935
MGM MIRAGE*	314,871		21,889,832
Starbucks Corp.*	446,081		13,989,100
Wynn Resorts Ltd.^	302,615		28,706,059
			115,795,103
Internet & Catalog Retail (3.1%)
Amazon.com, Inc.*^	1,151,900		45,834,101
Audible, Inc.*^	845,620		8,785,992
Expedia, Inc.*^	576,000		13,351,680
IAC/InterActiveCorp*^	190,500		7,183,755
Liberty Media Corp., Interactive, Class A*	240,000		5,716,800
			80,872,328
Media (6.0%)
Cablevision Systems Corp. - New York Group, Class A	583,700		17,761,991
CBS Corp., Class B	59,600		1,823,164
Comcast Corp., Class A*	1,163,848		30,201,855
Comcast Corp., Special Class A*	1,021,674		26,022,037
Liberty Global, Inc., Class A*	38,500		1,267,805
Liberty Media Corp., Capital Series, Class A*	57,000		6,303,630
Sirius Satellite Radio, Inc.*	1,441,400		4,612,480
Time Warner, Inc.	1,272,300		25,089,756
Viacom, Inc., Class B*	58,500		2,404,935
Walt Disney Co.	370,400		12,752,872
XM Satellite Radio Holdings, Inc., Class A*^	2,088,439		26,982,632
			155,223,157
Multiline Retail (0.4%)
Target Corp.	196,319		11,633,864
Specialty Retail (1.9%)
Coldwater Creek, Inc.*^	325,150		6,594,042
Home Depot, Inc.	592,100		21,753,754
Lowe’s Cos., Inc.	673,368		21,204,359
			49,552,155
Textiles, Apparel & Luxury Goods (0.9%)
NIKE, Inc., Class B	128,500		13,654,410
Polo Ralph Lauren Corp.	39,875		3,514,981
Under Armour, Inc., Class A*^	126,100		6,468,930
			23,638,321
Total Consumer Discretionary			478,532,742
Consumer Staples (1.9%)
Beverages (0.6%)
PepsiCo, Inc.	268,686		17,077,682
Household Products (1.0%)
Procter & Gamble Co.	412,808		26,072,953
Personal Products (0.3%)
Bare Escentuals, Inc.*	202,535		7,264,931
Total Consumer Staples			50,415,566
Energy (5.1%)
Energy Equipment & Services (3.0%)
Grant Prideco, Inc.*	480,600		23,953,104
Schlumberger Ltd.	211,561		14,618,865
Weatherford International Ltd.*	880,100		39,692,510
			78,264,479
Oil, Gas & Consumable Fuels (2.1%)
Anadarko Petroleum Corp.	1,267,300		54,468,554
Total Energy			132,733,033
Financials (14.9%)
Capital Markets (6.3%)
E*Trade Financial Corp.*	575,900		12,220,598
Goldman Sachs Group, Inc.	220,823		45,628,656
Lehman Brothers Holdings, Inc.	666,857		46,726,670
MarketAxess Holdings, Inc.*^	492,370		8,242,274
Merrill Lynch & Co., Inc.	267,100		21,814,057
TD Ameritrade Holding Corp.*	779,972		11,605,983
UBS AG (Registered)	320,295		19,035,132
			165,273,370
Commercial Banks (1.4%)
Industrial & Commercial Bank of China Ltd., Class H*	37,128,000		20,812,778
Wells Fargo & Co.	486,958		16,765,964
			37,578,742
Diversified Financial Services (4.1%)
Chicago Mercantile Exchange Holdings, Inc., Class A	32,400		17,251,704
CIT Group, Inc.	60,000		3,175,200
Citigroup, Inc.	936,763		48,093,412
International Securities Exchange Holdings, Inc.	307,238		14,993,214
Nasdaq Stock Market, Inc.*	397,887		11,701,857
Nymex Holdings, Inc.*^	46,550		6,319,628
NYSE Group, Inc.*^	66,530		6,237,188
			107,772,203
Insurance (1.1%)
American International Group, Inc.	438,100		29,449,082
Real Estate Investment Trusts (REITs) (0.5%)
ProLogis (REIT)	180,903		11,746,032
Real Estate Management & Development (0.3%)
Move, Inc.*	1,277,140		7,075,356
Thrifts & Mortgage Finance (1.2%)
Countrywide Financial Corp.	893,700		30,064,068
Total Financials			388,958,853
Health Care (18.4%)
Biotechnology (8.7%)
Alnylam Pharmaceuticals, Inc.*^	459,640		8,273,520
Amgen, Inc.*	703,100		39,289,228
Applera Corp.- Celera Group*	851,421		12,090,178
Biogen Idec, Inc.*	636,200		28,234,556
Cepheid, Inc.*^	2,168,511		25,761,911
Combinatorx, Inc.*^	635,115		4,439,454
Genentech, Inc.*	441,559		36,260,825
Genzyme Corp.*	515,000		30,910,300
ImClone Systems, Inc.*	252,100		10,278,117
Memory Pharmaceuticals Corp.*^	1,336,100		2,244,648
Millennium Pharmaceuticals, Inc.*	351,300		3,990,768
Myriad Genetics, Inc.*^	178,550		6,152,833
Senomyx, Inc.*^	662,600		8,202,988
Vertex Pharmaceuticals, Inc.*	360,820		10,117,393
			226,246,719

11

AXA PREMIER VIP TRUST

AXA PREMIER VIP AGGRESSIVE EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2007 (Unaudited)

	Number of Shares	Value (Note 1)
Health Care Equipment & Supplies (0.9%)
Biosite, Inc.*	61,500	$	5,164,155
Given Imaging Ltd.*^	912,548		19,711,037
			24,875,192
Health Care Providers & Services (5.5%)
Aetna, Inc.	666,300		29,177,277
UnitedHealth Group, Inc.	2,147,461		113,751,009
			142,928,286
Life Sciences Tools & Services (1.0%)
Affymetrix, Inc.*^	556,880		16,745,382
Compugen Ltd.*	1,378,450		3,680,461
Qiagen N.V.*^	388,400		6,672,712
			27,098,555
Pharmaceuticals (2.3%)
Alexza Pharmaceuticals, Inc.*^	763,290		9,815,909
BioMimetic Therapeutics, Inc.*	105,465		1,744,391
Forest Laboratories, Inc.*	530,600		27,294,064
Johnson & Johnson	139,700		8,418,322
King Pharmaceuticals, Inc.*	316,500		6,225,555
Teva Pharmaceutical Industries Ltd. (ADR)	40,100		1,500,943
Valeant Pharmaceuticals International	250,600		4,332,874
			59,332,058
Total Health Care			480,480,810
Industrials (9.5%)
Aerospace & Defense (2.1%)
General Dynamics Corp.	144,317		11,025,819
L-3 Communications Holdings, Inc.	212,600		18,596,122
Lockheed Martin Corp.	209,270		20,303,375
United Technologies Corp.	53,923		3,504,995
			53,430,311
Air Freight & Logistics (1.3%)
FedEx Corp.	321,893		34,580,965
Airlines (0.1%)
Continental Airlines, Inc., Class B*	37,250		1,355,528
Commercial Services & Supplies (0.5%)
Monster Worldwide, Inc.*	239,940		11,365,958
TeleTech Holdings, Inc.*	72,600		2,663,694
			14,029,652
Construction & Engineering (0.5%)
Quanta Services, Inc.*^	505,800		12,756,276
Electrical Equipment (0.0%)
Genlyte Group, Inc.*	8,800		620,840
Industrial Conglomerates (2.8%)
General Electric Co.	1,129,686		39,945,697
Tyco International Ltd.	1,037,800		32,742,590
			72,688,287
Machinery (0.8%)
Caterpillar, Inc.	205,900		13,801,477
Pall Corp.	176,700		6,714,600
			20,516,077
Road & Rail (1.4%)
Burlington Northern Santa Fe Corp.	268,477		21,593,605
Union Pacific Corp.	155,637		15,804,937
			37,398,542
Total Industrials			247,376,478
Information Technology (26.5%)
Communications Equipment (7.3%)
C-COR, Inc.*	186,400		2,583,504
Cisco Systems, Inc.*	1,640,303		41,876,936
JDS Uniphase Corp.*	1,528,287		23,275,811
Juniper Networks, Inc.*	1,480,693		29,140,038
Motorola, Inc.	517,600		9,145,992
Nokia Oyj (ADR)*	1,865,800		42,764,136
QUALCOMM, Inc.	985,250		42,030,765
			190,817,182
Computers & Peripherals (1.2%)
Apple Inc.*	69,000		6,410,790
SanDisk Corp.*	296,600		12,991,080
Seagate Technology	268,700		6,260,710
Sun Microsystems, Inc.*	1,039,300		6,246,193
			31,908,773
Electronic Equipment & Instruments (1.4%)
Itron, Inc.*^.	182,300		11,856,792
Jabil Circuit, Inc.	600,900		12,865,269
Mellanox Technologies Ltd.*	190,700		2,774,685
SunPower Corp., Class A*^	127,000		5,778,500
Trimble Navigation Ltd.*	124,800		3,349,632
			36,624,878
Internet Software & Services (5.4%)
Digital River, Inc.*^	139,450		7,704,612
eBay, Inc.*	1,078,700		35,758,905
Google, Inc., Class A*	79,397		36,376,530
SAVVIS, Inc.*	125,600		6,013,728
Yahoo!, Inc.*	1,734,400		54,269,376
			140,123,151
IT Services (0.5%)
Accenture Ltd., Class A	316,600		12,201,764
Semiconductors & Semiconductor Equipment (6.5%)
Advanced Micro Devices, Inc.*	1,796,096		23,457,014
Broadcom Corp., Class A*	831,002		26,650,234
Cirrus Logic, Inc.*	201,100		1,540,426
DSP Group, Inc.*	78,700		1,495,300
Intel Corp.	191,300		3,659,569
International Rectifier Corp.*	284,400		10,866,924
KLA-Tencor Corp.	433,998		23,140,774
Lam Research Corp.*	347,615		16,456,094
Micron Technology, Inc.*	1,017,900		12,296,232
Netlogic Microsystems, Inc.*^	651,037		17,330,605
RF Micro Devices, Inc.*	226,700		1,412,341
Silicon Laboratories, Inc.*	310,883		9,301,619
Teradyne, Inc.*	188,200		3,112,828
Texas Instruments, Inc.	640,000		19,264,000
			169,983,960
Software (4.2%)
Autodesk, Inc.*	143,100		5,380,560
Electronic Arts, Inc.*	507,000		25,532,520
NAVTEQ Corp.*^	475,464		16,403,508
Nuance Communications, Inc.*^	338,450		5,181,670
Opsware, Inc.*^	853,210		6,185,772
Red Hat, Inc.*	838,170		19,219,238
Salesforce.com, Inc.*^	290,365		12,433,429
Shanda Interactive Entertainment Ltd. (ADR)*^	679,746		18,251,180
			108,587,877
Total Information Technology			690,247,585
Materials (0.9%)
Chemicals (0.9%)
Monsanto Co.	406,103		22,319,421
Total Materials			22,319,421
Telecommunication Services (1.5%)
Diversified Telecommunication Services (1.5%)
Aruba Networks, Inc.*^	300,000		4,401,000
Level 3 Communications, Inc.*^	3,923,026		23,930,459

12

AXA PREMIER VIP TRUST

AXA PREMIER VIP AGGRESSIVE EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2007 (Unaudited)

	Number of Shares		Value (Note 1)
NeuStar, Inc., Class A*		410,146	$	11,664,552
				39,996,011
Total Telecommunication Services				39,996,011
Utilities (0.3%)
Electric Utilities (0.1%)
ITC Holdings Corp.		87,400		3,783,546
Independent Power Producers & Energy Traders (0.2%)
AES Corp.*		182,270		3,922,451
Total Utilities				7,705,997
Total Common Stocks (97.3%) (Cost $2,362,009,831)				2,538,766,496
	Number of Warrants
WARRANTS:
Health Care (0.0%)
Biotechnology (0.0%)
Curis, Inc., $4.45 expiring 10/14/09*† (Cost $—)		48,100		—
	Principal Amount
SHORT-TERM INVESTMENTS:
Commercial Paper (0.8%)
Berkeley Square Financial LLC
5.44%, 4/2/07§	$	21,000,000		20,993,654
Government Securities (1.6%)
Federal Home Loan Bank
5.00%, 4/2/07 (o)(p)		21,000,000		20,994,167
Federal Home Loan Mortgage Corp.
5.00%, 4/2/07 (o)(p)		20,300,000		20,294,361
Total Government Securities				41,288,528
Short-Term Investments of Cash Collateral for Securities Loaned (10.5%)
ACCR, Series 06-2 A1
5.36%, 6/27/08 (l)		739,436		739,436
Aegis Finance LLC
5.31%, 4/19/07		7,696,968		7,696,968
Banesto S.A./Madrid
5.33%, 4/19/07		4,027,183		4,027,183
Barclays Capital, Repurchase Agreement
5.40%, 4/2/07 (r)		63,559,573		63,559,573
Bear Stearns Cos., Inc.
5.57%, 3/23/09 (l)		4,027,183		4,027,183
Cedar Springs Capital Co. LLC
5.33%, 4/25/07		5,612,977		5,612,977
CIT Group Holdings, Inc.
5.37%, 4/30/08 (l)		7,732,191		7,732,191
Citigroup Funding, Inc.
5.36%, 4/4/07		8,045,987		8,045,987
5.36%, 3/16/09 (l)		4,027,183		4,027,183
Comerica Bank
5.35%, 3/16/09 (l)		1,610,679		1,610,679
Concord Minutemen C.C. LLC, Series B
5.31%, 4/10/07		3,221,720		3,221,720
Corp. Andina de Fomento
5.31%, 4/12/07		6,387,946		6,387,946
Credit Industriel et Commercial
5.33%, 4/18/07		4,027,232		4,027,232
5.33%, 4/25/07		4,033,709		4,033,709
Crown Point Capital Co.
5.29%, 4/5/07		8,017,814		8,017,814
DekaBank Deutsche
5.38%, 4/30/08 (l)		4,188,270		4,188,270
DLJ/Pershing Division, Repurchase Agreement
5.54%, 4/2/07 (r)		4,027,183		4,027,183
Fenway Funding LLC
5.35%, 6/18/07		7,153,243		7,153,243
5.35%, 6/27/07		4,548,065		4,548,065
Fifth Third Bancorp
5.32%, 4/30/08 (l)		483,258		483,258
Goldman Sachs Group, Inc.
5.38%, 3/28/08 (l)		1,771,960		1,771,960
5.56%, 4/30/08 (l)		3,221,746		3,221,746
5.41%, 3/27/09 (l)		4,027,183		4,027,183
Hartford Life, Inc.
5.45%, 3/28/08 (l)		1,288,698		1,288,698
HSBC Finance Corp.
5.33%, 4/9/07		6,412,188		6,412,188
5.32%, 4/11/07		8,014,125		8,014,125
5.32%, 4/12/07		7,211,647		7,211,647
Kommunalkredit International Bank
5.34%, 4/6/07		7,947,070		7,947,070
Lehman Brothers, Inc.
5.56%, 6/29/07 (l)		563,806		563,806
MBIA Global Funding LLC
5.37%, 3/30/09 (l)		4,027,183		4,027,183
Mizuho Corporate Bank Ltd./London
5.34%, 4/10/07		2,738,484		2,738,484
5.34%, 4/23/07		3,221,746		3,221,746
Mizuho Corporate Bank Ltd./New York
5.31%, 4/10/07		4,027,183		4,027,183
Natexis Banques Populaires N.Y.
5.34%, 8/7/07 (l)		4,027,183		4,027,183
5.37%, 1/28/08 (l)		4,832,619		4,832,619
National Bank of Canada
5.42%, 4/2/07		12,886,984		12,886,984
New York Life Insurance Co.
5.41%, 6/29/07 (l)		4,027,183		4,027,183
Norinchukin Bank N.Y.
5.34%, 4/9/07		7,248,929		7,248,929
5.33%, 4/16/07		4,027,183		4,027,183
5.32%, 6/5/07		8,054,364		8,054,364
Park Sienna LLC
5.32%, 5/10/07		3,988,273		3,988,273
Raiffeisen Zentralbank
5.31%, 4/19/07		8,021,232		8,021,232
Rhein-Main Securitisaton Ltd.
5.35%, 7/16/07		6,102,152		6,102,152
Silver Tower U.S. Funding LLC
5.37%, 8/16/07		3,138,902		3,138,902
Total Short-Term Investments of Cash Collateral for Securities Loaned				273,995,823
Time Deposit (0.5%)
JPMorgan Chase Nassau
4.79%, 4/2/07		12,036,521		12,036,521
Total Short-Term Investments (13.4%) (Cost/Amortized Cost $348,323,436)				348,314,526
Total Investments (110.7%) (Cost/Amortized Cost $2,710,333,267)				2,887,081,022
Other Assets Less Liabilities (-10.7%)				(277,934,093	)
Net Assets (100%)			$	2,609,146,929

13

AXA PREMIER VIP TRUST

AXA PREMIER VIP AGGRESSIVE EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Concluded)

March 31, 2007 (Unaudited)

* 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 March 31, 2007, the market value of these securities amounted to $20,993,654 or 0.80% of net assets. Securities denoted with “§” but without “(b)”have been determined to be liquid under the guidelines established by the Board of Trustees. To the extent any securities might provide a right to demand registration, such rights have not been relied upon when determining liquidity.

(l) Floating Rate Security. Rate disclosed is as of March 31, 2007.

(o) Discount Note Security. Effective rate calculated as of March 31, 2007.

(p) Yield to maturity.

(r) The repurchase agreements are fully collateralized by U.S. government and/or agency obligations based on market prices at the date of this portfolio of investments.

Glossary:

ADR — American Depositary Receipt

Investment security transactions for the three months ended March 31, 2007 were as follows:

Cost of Purchases:
Stocks and long-term corporate debt securities	$	897,173,417
Net Proceeds of Sales and Redemptions:
Stocks and long-term corporate debt securities	$	894,747,673

As of March 31, 2007, 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	$	261,418,634
Aggregate gross unrealized depreciation		(124,658,091	)
Net unrealized appreciation	$	136,760,543
Federal income tax cost of investments	$	2,750,320,479

At March 31, 2007, the Portfolio had loaned securities with a total value of $269,653,368. This was secured by collateral of $273,995,823 which was received as cash and subsequently invested in short-term investments as reported in the portfolio of investments.

For the three months ended March 31, 2007, the Portfolio incurred approximately $1,180 as brokerage commissions with Sanford C. Bern-stein & Co. Inc., an affiliated broker/dealer.

The Portfolio has a net capital loss carryforward of $566,593,973, of which $499,390,632 expires in the year 2010, and $67,203,341 expires in the year 2011.

See Notes to Financial Statements.

14

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PORTFOLIO OF INVESTMENTS

March 31, 2007 (Unaudited)

	Principal Amount		Value (Note 1)
LONG-TERM DEBT SECURITIES:
Asset-Backed and Mortgage-Backed Securities (21.0%)
Asset-Backed Securities (8.5%)
ACE Securities Corp., Series 06-HE1 A2A
5.400%, 2/25/36 (l)	$	2,878,070	$	2,878,524
Series 06-HE3 A2A
5.370%, 6/25/36 (l)		5,057,479		5,057,715
Aegis Asset Backed Securities Trust, Series 06-1 A1
5.400%, 1/25/37 (l)		8,229,553		8,228,336
Ameriquest Mortgage Securities, Inc., Series 04-R11 A1
5.622%, 11/25/34 (l)		5,022,246		5,028,440
Amortizing Residential Collateral Trust, Series 02-BC3M A
5.590%, 6/25/32 (l)		47,448		47,448
Series 02-BC4 A
5.610%, 7/25/32 (l)		8,882		8,896
Asset Backed Funding Certificates, Series 06-OPT3 A3A
5.380%, 11/25/36 (l)		7,328,070		7,328,547
Bank of America Credit Card Trust, Series 06-A16 A16
4.720%, 5/15/13		13,475,000		13,388,408
Bear Stearns Asset Backed Securities, Inc., Series 02-2 A1
5.650%, 10/25/32 (l)		24,724		24,762
Series 03-2 A2
5.770%, 3/25/43 (l)		123,883		124,071
Series 06-HE1 1A1
5.410%, 12/25/35 (l)		3,445,316		3,444,436
Capital Auto Receivables Asset Trust, Series 04-2 A2
3.350%, 2/15/08		1,597,664		1,595,161
Carrington Mortgage Loan Trust, Series 06-RFC1 A1
5.360%, 5/25/36 (l)		4,212,901		4,213,077
Cendant Mortgage Corp., Series 03-A A1
6.000%, 7/25/43§ (l)		157,052		156,697
Chase Issuance Trust, Series 04-A9 A9
3.220%, 6/15/10		6,025,000		5,960,983
Chase Manhattan Auto Owner Trust, Series 05-A A3
3.870%, 6/15/09		6,700,718		6,643,072
Series 06-A A2
5.370%, 1/15/09		6,853,410		6,854,411
Citibank Credit Card Issuance Trust, Series 03-A6 A6
2.900%, 5/17/10		2,475,000		2,414,401
Series 04-A4 A4
3.200%, 8/24/09		7,200,000		7,140,575
Series 06-A2 A2
4.850%, 2/10/11		7,725,000		7,705,511
Countrywide Asset-Backed Certificates, Series 06-6 2A1
5.390%, 9/25/36 (l)		2,607,832		2,607,970
Series 06-19 2A1
5.380%, 3/25/37 (l)		9,316,320		9,315,710
CS First Boston Mortgage Securities Corp., Series 01-HE17 A1
5.940%, 1/25/32 (l)		36,594		36,603
Daimler Chrysler Auto Trust, Series 06-B A3
5.330%, 8/8/10		8,000,000		8,018,760
Series 06-C A3
5.020%, 7/8/10		11,650,000		11,644,529
Series 06-D A4
4.940%, 2/8/12		9,900,000		9,883,210
Discover Card Master Trust I, Series 00-4 A
5.530%, 11/17/09 (l)		9,825,000		9,827,842
Fieldstone Mortgage Investment Corp., Series 06-1 A1
5.400%, 5/25/36 (l)		4,622,350		4,622,767
First Franklin Mortgage Loan Asset Backed Certificates, Series 05-FF8 A2A
5.430%, 9/25/35 (l)		2,266,304		2,266,510
Series 06-FF4 A1
5.390%, 3/25/36 (l)		3,918,852		3,917,830
Ford Credit Auto Owner Trust, Series 04-A A3
2.930%, 3/15/08		1,230,371		1,228,255
Series 05-B A3
4.170%, 1/15/09		3,569,969		3,555,487
Series 05-C A3
4.300%, 8/15/09		7,176,812		7,132,016
Series 06-B A3
5.260%, 10/15/10		12,250,000		12,276,121
GSAA Home Equity Trust, Series 06-5 2A1
5.390%, 3/25/36 (l)		4,951,815		4,942,967
GSAMP Trust, Series 02-NC1 A2
5.960%, 7/25/32 (l)		4,114		4,161
Home Equity Asset Trust, Series 02-1 A4
5.920%, 11/25/32 (l)		4,106		4,107
Honda Auto Receivables Owner Trust, Series 05-6 A3
4.850%, 10/19/09		7,375,000		7,354,255
JPMorgan Mortgage Acquisition Corp., Series 06-FRE2 A2
5.390%, 2/25/36 (l)		286,993		286,955
MBNA Credit Card Master Note Trust, Series 03-A6 A6
2.750%, 10/15/10		2,250,000		2,192,057
Series 03-A7 A7
2.650%, 11/15/10		6,150,000		5,974,768
Series 04-A4 A4
2.700%, 9/15/09		4,950,000		4,944,803
Nationstar Home Equity Loan Trust, Series 06-B AV1
6.020%, 9/25/36 (l)		6,537,497		6,537,482
Nissan Auto Receivables Owner Trust, Series 06-B A3
5.160%, 2/15/10		10,225,000		10,219,366
Renaissance Home Equity Loan Trust, Series 03-2 A
5.760%, 8/25/33 (l)		56,919		57,013
Series 03-3 A
5.820%, 12/25/33 (l)		318,763		320,575
Residential Asset Mortgage Products, Inc., Series 05-EFC4 A1
5.430%, 9/25/35 (l)		1,661,745		1,661,911
Series 05-RZ4 A1
5.440%, 11/25/35 (l)		4,089,492		4,090,053
Series 06-RS2 A1
5.400%, 3/25/36 (l)		3,056,342		3,056,883
Salomon Brothers Mortgage Securities VII, Inc., Series 02-CIT1 A
5.620%, 3/25/32 (l)		102,047		102,175

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PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2007 (Unaudited)

	Principal Amount		Value (Note 1)
Saxon Asset Securities Trust, Series 02-1 AV2
5.590%, 1/25/32 (l)	$	21,399	$	21,403
SLM Student Loan Trust, Series 06-8 A1
5.340%, 4/25/12 (l)		9,221,369		9,221,577
Soundview Home Equity Loan Trust, Series 06-2 A1
5.390%, 3/25/36 (l)		1,002,419		1,002,492
Structured Asset Investment Loan Trust, Series 06-1 A1
5.400%, 1/25/36 (l)		3,364,548		3,364,012
Structured Asset Securities Corp., Series 02-HF1 A
5.610%, 1/25/33 (l)		99,101		99,205
Series 03-AL2 A
3.357%, 1/25/31§		872,512		801,263
USAA Auto Owner Trust, Series 04-3 A3
3.160%, 2/17/09		2,339,459		2,328,567
Wells Fargo Home Equity Trust, Series 05-2 AII2
5.560%, 10/25/35§ (l)		1,384,000		1,384,941
				244,550,072
Non-Agency CMO (12.5%)
Banc of America Alternative Loan Trust, Series 04-5 4A1
5.000%, 6/25/19		1,552,712		1,545,184
Series 04-6 4A1
5.000%, 7/25/19		1,552,459		1,538,040
Banc of America Commercial Mortgage, Inc., Series 00-1 A2A
7.333%, 11/15/31		6,310,000		6,588,241
Series 01-1 A2
6.503%, 4/15/36		4,542,427		4,723,748
Series 02-PB2 A2
5.676%, 6/11/35		5,195,059		5,211,926
Series 02-PB2 A4
6.186%, 6/11/35		5,320,000		5,543,142
Banc of America Funding Corp., Series 06-A 1A1
4.620%, 2/20/36 (l)		2,178,908		2,159,235
Bear Stearns Adjustable Rate Mortgage Trust, Series 02-2 IIIA
6.785%, 6/25/31 (l)		2,658		2,648
Series 05-10 A2
4.750%, 10/25/35 (l)		2,500,000		2,459,701
Bear Stearns Alt-A Trust, Series 06-6 31A1
5.830%, 11/25/36 (l)		5,250,607		5,297,930
Series 06-6 32A1
5.824%, 11/25/36 (l)		5,464,910		5,500,722
Bear Stearns Commercial Mortgage Securities, Inc., Series 00-WF2 A2
7.320%, 10/15/32		2,890,000		3,063,527
Series 03-T12 A4
4.680%, 8/13/39		6,825,000		6,627,192
Chase Commercial Mortgage Securities Corp., Series 99-2 A2
7.198%, 1/15/32		527,718		550,265
Series 00-3 A2
7.319%, 10/15/32		2,255,000		2,384,726
Citigroup Commercial Mortgage Trust, Series 05-EMG A2
4.221%, 9/20/51§		5,700,000		5,588,002
Citigroup Mortgage Loan Trust, Inc., Series 06-AR1 1A1
4.900%, 10/25/35 (l)		9,510,992		9,406,990
Commercial Mortgage Acceptance Corp., Series 98-C2 A2
6.030%, 9/15/30		2,193,652		2,199,588
Commercial Mortgage
Pass-Through Certificates,
Series 00-C1 A2
7.416%, 8/15/33		6,135,356		6,415,915
Countrywide Alternative Loan Trust, Series 03-J3 2A1
6.250%, 12/25/33		346,413		345,446
Series 06-OC8 2A1A
5.410%, 11/25/36 (l)		9,599,207		9,602,126
Countrywide Home Loan Mortgage Pass Through Trust,
Series 03-R4 1A3
6.000%, 11/25/26§		846,911		842,237
Series 03-R4 2A
6.500%, 1/25/34§		339,074		346,667
Credit Suisse Mortgage Capital Certificates, Series 06-3 1A1A
5.410%, 4/25/36 (l)		3,095,565		3,096,109
CS First Boston Mortgage Securities Corp., Series 98-C1 A1B
6.480%, 5/17/40		6,709,270		6,777,165
Series 98-C2 A2
6.300%, 11/15/30		1,070,042		1,083,646
Series 02-CKS4 A2
5.183%, 11/15/36		7,435,000		7,428,068
Series 02-CP3 A3
5.603%, 7/15/35		7,210,000		7,350,438
Series 02-CP5 A2
4.940%, 12/15/35		6,905,000		6,809,888
Series 02-P1A A
5.952%, 3/25/32§ (l)		35,738		35,656
Series 03-C3 A5
3.936%, 5/15/38		7,430,000		6,946,188
Series 05-C2 A4
4.832%, 4/15/37^		4,760,000		4,608,064
DLJ Commercial Mortgage Corp., Series 98-CF1 A1B
6.410%, 2/18/31		2,791,313		2,802,577
Series 99-CG1 A1B
6.460%, 3/10/32		275,000		280,252
Series 99-CG2 A1B
7.300%, 6/10/32		3,762,160		3,902,625
Series 00-CKP1 A1B
7.180%, 11/10/33		6,220,266		6,556,430
First Horizon Alternative Mortgage Securities, Series 06-FA2 1A5
6.000%, 5/25/36		9,600,000		9,714,128
First Republic Mortgage Loan Trust, Series 01-FRB1 A
5.670%, 11/15/31 (l)		766,976		769,481
First Union National Bank
Commercial Mortgage,
Series 01-C4 A2
6.223%, 12/12/33		6,520,000		6,785,297
GE Capital Commercial Mortgage Corp., Series 02-3A A1
4.229%, 12/10/37		2,174,965		2,138,564
GMAC Commercial Mortgage Securities, Inc., Series 99-C2 A2
6.945%, 9/15/33		318,514		328,115
Series 99-C3 A2
7.179%, 8/15/36		2,871,540		2,975,732
Series 00-C1 A2
7.724%, 3/15/33^		3,898,715		4,108,563

16

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PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2007 (Unaudited)

	Principal Amount		Value (Note 1)
Series 00-C2 A2
7.455%, 8/16/33	$	3,203,659	$	3,387,364
Series 00-C3 A2
6.957%, 9/15/35		5,125,000		5,409,352
Series 02-C3 A2
4.930%, 7/10/39		6,925,000		6,838,056
Greenwich Capital Commercial Funding Corp., Series 04-GG1 A4
4.755%, 6/10/36		1,205,000		1,193,667
GS Mortgage Securities Corp. II, Series 98-C1 A3
6.135%, 10/18/30		4,677,478		4,710,994
GSR Mortgage Loan Trust, Series 04-9 4A1
4.059%, 8/25/34 (l)		6,658,091		6,571,063
Series 05-AR6 2A1
4.539%, 9/25/35 (l)		2,497,499		2,471,541
Heller Financial Commercial Mortgage Asset Corp., Series 99-PH1 A2
6.847%, 5/15/31		439,544		448,771
Homebanc Mortgage Trust, Series 05-4 A1
5.590%, 10/25/35 (l)		3,654,114		3,661,125
Impac CMB Trust, Series 03-8 2A1
6.220%, 10/25/33 (l)		317,116		317,252
JPMorgan Chase Commercial Mortgage Securities Corp., Series 01-C1 A3
5.857%, 10/12/35		5,340,000		5,482,131
Series 01-CIB2 A3
6.429%, 4/15/35		1,295,000		1,354,474
Series 01-CIBC A3
6.260%, 3/15/33		5,210,755		5,378,365
Series 07-CB18 A4
5.440%, 6/12/47		7,975,000		8,003,636
LB Commercial Conduit Mortgage Trust, Series 98-C4 A1B
6.210%, 10/15/35		1,370,977		1,384,695
LB-UBS Commercial Mortgage Trust, Series 02-C2 A4
5.594%, 6/15/31		6,949,000		7,086,643
Series 03-C7 A2
4.064%, 9/15/27 (l)		1,730,000		1,694,460
Series 04-C7 A1A
4.475%, 10/15/29		9,009,099		8,752,980
Series 06-C6 A4
5.372%, 9/15/39		6,760,000		6,758,828
MASTR Alternative Loans Trust, Series 04-4 1A1
5.500%, 5/25/34		2,950,579		2,922,663
Merrill Lynch Mortgage Investors, Inc., Series 03-A1 3A
4.910%, 12/25/32 (l)		572,852		570,450
Morgan Stanley Capital I, Series 98-WF1 A2
6.550%, 3/15/30		196,216		196,361
Series 99-LIFE A2
7.110%, 4/15/33		6,975,000		7,233,594
Series 06-IQ12 A4
5.332%, 12/15/43		7,370,000		7,334,410
Morgan Stanley Dean Witter Capital I, Series 02-IQ2 A4
5.740%, 12/15/35		6,865,000		7,028,960
Nationslink Funding Corp., Series 98-2 A2
6.476%, 8/20/30		6,599,897		6,660,539
Residential Accredit Loans, Inc., Series 03-QR19 CB1
5.750%, 10/25/33		563,534		561,315
Series 06-QS2 1A9
5.500%, 2/25/36		7,807,000		7,836,768
Salomon Brothers Mortgage Securities VII, Inc., Series 01-C2 A3
6.499%, 10/13/11		8,650,000		9,078,018
Sequoia Mortgage Trust,
Series 03-4 2A1
5.670%, 7/20/33 (l)		382,433		383,779
Series 10 2A1
5.700%, 10/20/27 (l)		164,295		164,405
Structured Adjustable Rate Mortgage Loan Trust, Series 05-19XS 1A1
5.640%, 10/25/35 (l)		3,186,565		3,198,375
Structured Asset Mortgage Investments, Inc., Series 02-AR3 A1
5.650%, 9/19/32 (l)		93,824		93,977
Series 06-AR3 12A1
5.540%, 5/25/36 (l)		2,347,585		2,349,981
Structured Asset Securities Corp., Series 03-2
5.114%, 1/21/09§(b)		2,122,031		2,121,368
Terra LNR Ltd.,
Series 06-1A A1
5.450%, 6/15/17§ (l)		2,725,309		2,725,309
TIAA Retail Commercial Trust, Series 01-C1A A4
6.680%, 6/19/31§		9,155,000		9,423,889
Wachovia Bank Commercial Mortgage Trust, Series 05-C17 APB
5.037%, 3/15/42		5,110,000		5,066,754
Series 05-C20 A6A
5.110%, 7/15/42 (l)		7,640,000		7,601,155
Series 06-C28 A4
5.572%, 10/15/48^		6,740,000		6,830,980
Series 06-C29 A4
5.308%, 11/15/48		8,000,000		7,936,906
Washington Mutual Inc, Series 02-AR6 A
6.383%, 6/25/42 (l)		233,218		233,510
Series 02-AR9 1A
6.383%, 8/25/42 (l)		288,587		289,482
Series 02-AR10 A6
4.816%, 10/25/32 (l)		240,755		239,906
Series 03-R1 A1
5.590%, 12/25/27 (l)		1,573,556		1,573,412
Wells Fargo Mortgage Backed Securities Trust, Series 04-K 1A2
4.476%, 7/25/34 (l)		5,811,524		5,679,511
				358,681,358
Total Asset-Backed and Mortgage-Backed Securities				603,231,430
Consumer Discretionary (0.6%)
Automobiles (0.0%)
DaimlerChrysler N.A. Holding Corp.
4.050%, 6/4/08^		200,000		196,998
Hotels, Restaurants & Leisure (0.1%)
Caesars Entertainment, Inc.
7.500%, 9/1/09		500,000		522,500
Mandalay Resort Group, Series B
10.250%, 8/1/07		1,100,000		1,113,750
				1,636,250

17

AXA PREMIER VIP TRUST

AXA PREMIER VIP CORE BOND PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2007 (Unaudited)

	Principal Amount		Value (Note 1)
Media (0.5%)
BSKYB Finance UK plc
6.500%, 10/15/35^§	$	160,000	$	158,540
Comcast Cable Communications Holdings, Inc.
8.375%, 3/15/13		1,020,000		1,166,440
Comcast Cable Holdings LLC
7.875%, 8/1/13		130,000		145,574
7.125%, 2/15/28		360,000		382,053
Comcast Corp.
6.500%, 1/15/15		969,000		1,022,043
6.500%, 1/15/17		2,550,000		2,691,273
7.050%, 3/15/33		15,000		16,104
6.500%, 11/15/35		1,235,000		1,244,356
COX Communications, Inc.
7.125%, 10/1/12^		115,000		123,980
Historic TW, Inc.
6.950%, 1/15/28		2,910,000		3,047,186
6.625%, 5/15/29		200,000		202,399
News America Holdings, Inc.
7.750%, 1/20/24		145,000		163,827
8.500%, 2/23/25		775,000		931,418
8.450%, 8/1/34		245,000		306,905
News America, Inc.
7.125%, 4/8/28		275,000		292,371
TCI Communications, Inc.
7.875%, 2/15/26		820,000		941,460
Time Warner Cos., Inc.
7.570%, 2/1/24		10,000		11,050
Time Warner, Inc.
6.750%, 4/15/11		135,000		142,272
7.700%, 5/1/32		598,000		677,977
Turner Broadcasting System, Inc.
8.375%, 7/1/13		65,000		74,052
				13,741,280
Multiline Retail (0.0%)
Federated Department Stores, Inc.
6.790%, 7/15/27		610,000		601,337
May Department Stores Co.
6.650%, 7/15/24		205,000		201,466
6.700%, 7/15/34^		155,000		152,878
				955,681
Total Consumer Discretionary				16,530,209
Energy (0.6%)
Energy Equipment & Services (0.3%)
Halliburton Co.
5.500%, 10/15/10		1,100,000		1,111,878
7.600%, 8/15/96§		525,000		602,424
Transocean, Inc.
5.548%, 9/5/08 (l)		6,200,000		6,206,572
				7,920,874
Oil, Gas & Consumable Fuels (0.3%)
Anadarko Petroleum Corp.
6.450%, 9/15/36		3,600,000		3,562,369
ConocoPhillips
5.360%, 4/11/07 (l)		2,700,000		2,700,015
7.000%, 3/30/29		30,000		33,519
El Paso Corp.
7.625%, 8/16/07		900,000		908,109
EnCana Holdings Finance Corp.
5.800%, 5/1/14		400,000		407,874
Enterprise Products Operating LP, Series B
4.000%, 10/15/07		575,000		570,809
				8,182,695
Total Energy				16,103,569
Financials (13.9%)
Capital Markets (2.2%)
Bear Stearns Cos., Inc.
5.450%, 2/23/10 (l)	$	7,000,000	$	6,997,641
Goldman Sachs Group, Inc.
5.440%, 12/22/08 (l)		100,000		100,108
5.390%, 12/23/08 (l)		5,100,000		5,097,562
5.650%, 6/28/10 (l)		10,000,000		10,050,060
Lehman Brothers Holdings, Inc.
5.400%, 12/23/08 (l)		10,200,000		10,196,879
5.750%, 7/18/11^		2,375,000		2,423,759
Merrill Lynch & Co., Inc.
5.395%, 10/23/08 (l)		8,500,000		8,497,603
5.380%, 12/22/08 (l)		1,700,000		1,699,063
Morgan Stanley
5.360%, 11/21/08 (l)		3,300,000		3,298,175
5.600%, 1/22/09 (l)		600,000		600,402
5.050%, 1/21/11^		2,315,000		2,304,323
6.750%, 4/15/11		800,000		846,140
5.610%, 1/9/12 (l)		8,575,000		8,573,834
5.625%, 1/9/12		1,935,000		1,960,424
5.300%, 3/1/13		300,000		299,624
				62,945,597
Certificates of Deposit (2.5%)
Bank of Ireland
5.400%, 1/15/10 (l)		4,000,000		3,999,580
Barclays Bank plc/New York
5.350%, 3/13/09 (l)		14,025,000		14,033,695
Calyon/New York
5.340%, 1/16/09 (l)		6,800,000		6,799,946
Fortis Bank S.A./New York
5.265%, 4/28/08 (l)		9,700,000		9,709,283
5.265%, 6/30/08 (l)		4,000,000		3,999,864
HSBC Bank USA N.A./New York
3.870%, 6/7/07^		6,725,000		6,705,598
Nordea Bank Finland plc/New York
5.263%, 4/2/08 (l)		2,700,000		2,699,247
5.298%, 5/28/08 (l)		7,400,000		7,401,761
Royal Bank of Scotland/New York
5.260%, 7/3/08 (l)		6,000,000		5,997,798
Societe Generale/New York
5.269%, 6/30/08 (l)		3,500,000		3,499,948
Suntrust Bank
4.415%, 6/15/09		980,000		961,160
Unicredito Italiano Bank plc/New York
5.350%, 5/6/08 (l)		1,700,000		1,699,817
5.360%, 5/29/08 (l)		4,700,000		4,700,775
				72,208,472
Commercial Banks (4.2%)
Asahi Financial Co.
5.618%, 3/27/49 †		1,000,000		1,005,808
Bank of New York
3.800%, 2/1/08		1,200,000		1,185,504
Bank One N.A./Illinois
3.700%, 1/15/08		1,250,000		1,236,004
Bank One N.A./Texas
6.250%, 2/15/08		1,000,000		1,006,928
BankBoston N.A.
6.375%, 4/15/08		625,000		631,730
Charter One Bank N.A.
5.410%, 4/24/09 (l)		5,600,000		5,599,451
Commonwealth Bank of Australia
5.360%, 6/8/09§ (l)		600,000		600,151
Depfa ACS Bank
3.625%, 10/29/08		2,000,000		1,957,398

18

AXA PREMIER VIP TRUST

AXA PREMIER VIP CORE BOND PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2007 (Unaudited)

	Principal Amount		Value (Note 1)
DnB NOR Bank ASA
5.425%, 10/13/09§ (l)	$	6,100,000	$	6,099,079
Eksportfinans A/S
3.375%, 1/15/08		4,070,000		4,010,240
HBOS Treasury Services plc
3.600%, 8/15/07§		780,000		775,283
3.500%, 11/30/07§		1,285,000		1,270,679
5.400%, 7/17/09§ (l)		4,300,000		4,304,201
5.000%, 11/21/11§		9,490,000		9,440,737
HSBC Capital Funding LP/Jersey Channel Islands
4.610%, 12/31/49§ (l)		550,000		524,707
ICICI Bank Ltd.
5.900%, 1/12/10§ (l)		3,400,000		3,403,947
L-Bank Landeskreditbank Baden-Wuerttemberg Foerderbank
4.250%, 9/15/10		3,950,000		3,875,740
Mizuho Financial Group, Inc./Aruba
1.433%, 12/31/49 (l)	JPY	300,000,000		2,571,029
National Australia Bank Ltd.
5.380%, 9/11/09§ (l)	$	6,200,000		6,203,714
National City Bank/Indiana
3.300%, 5/15/07		500,000		498,752
National Westminster Bank plc/United Kingdom
7.375%, 10/1/09		725,000		761,141
Rabobank Capital Funding II
5.260%, 12/31/49§ (l)		780,000		758,901
Rabobank Nederland
0.200%, 6/20/08	JPY	148,000,000		1,248,405
5.360%, 4/6/09§ (l)	$	6,330,000		6,332,310
Royal Bank of Scotland plc
5.370%, 4/11/08§ (l)		2,700,000		2,702,292
5.410%, 7/21/08§ (l)		1,200,000		1,200,803
5.760%, 7/6/12 (l)		2,900,000		2,901,580
Santander U.S. Debt S.A. Unipersonal
5.420%, 10/21/08§ (l)		8,900,000		8,905,251
Sumitomo Mitsui Banking Corp.
1.151%, 12/31/49 (l)	JPY	200,000,000		1,731,412
1.514%, 12/31/49 (l)		100,000,000		859,981
5.625%, 12/31/49§ (l)	$	300,000		295,505
SunTrust Banks, Inc.
3.625%, 10/15/07		845,000		837,163
4.000%, 10/15/08		895,000		879,107
SunTrust Capital VIII
6.100%, 12/15/36 (l)		1,450,000		1,358,269
U.S. Bancorp
3.950%, 8/23/07		100,000		99,457
U.S. Bank N.A./Ohio
4.400%, 8/15/08		2,270,000		2,244,038
Unicredito Luxembourg Finance S.A.
5.410%, 10/24/08§ (l)		8,200,000		8,201,312
Wachovia Bank N.A.
4.375%, 8/15/08		270,000		266,790
5.360%, 2/23/09 (l)		1,600,000		1,598,520
5.390%, 3/23/09 (l)		13,825,000		13,822,622
Wachovia Corp.
6.300%, 4/15/08		1,165,000		1,178,044
Wells Fargo & Co.
4.200%, 1/15/10		1,950,000		1,907,782
4.625%, 8/9/10		2,390,000		2,363,318
4.875%, 1/12/11		460,000		457,437
				119,112,522
Consumer Finance (0.4%)
Ford Motor Credit Co.
7.250%, 10/25/11		3,400,000		3,304,470
HSBC Finance Corp.
5.488%, 12/5/08 (l)		2,500,000		2,505,330
6.450%, 2/1/09	$	65,000	$	66,313
4.750%, 5/15/09		450,000		446,129
SLM Corp.
5.500%, 7/27/09 (l)		5,900,000		5,900,431
				12,222,673
Diversified Financial Services (4.0%)
Associates Corp. of North America
6.250%, 11/1/08		650,000		661,063
6.875%, 11/15/08		4,100,000		4,209,466
Bank of America Corp.
6.250%, 4/1/08		425,000		428,090
5.510%, 2/17/09 (l)		9,055,000		9,074,287
5.356%, 3/24/09 (l)		8,275,000		8,290,441
Bank of America N.A.
5.350%, 12/18/08 (l)		3,800,000		3,796,576
Belvoir Land LLC
5.270%, 12/15/47§		825,000		765,253
BTM Curacao Holdings N.V.
1.187%, 12/31/49 (l)	JPY	100,000,000		848,523
Caterpillar Financial Services Corp.
5.410%, 8/11/09 (l)	$	6,100,000		6,093,101
CIT Group, Inc.
5.570%, 5/23/08 (l)		5,900,000		5,915,499
Citigroup Global Markets Holdings, Inc.
5.450%, 3/17/09 (l)		19,200,000		19,218,298
Citigroup, Inc.
3.500%, 2/1/08		2,615,000		2,579,235
5.388%, 12/26/08 (l)		300,000		300,085
3.625%, 2/9/09		980,000		956,402
6.200%, 3/15/09		905,000		923,805
5.380%, 12/28/09 (l)		4,100,000		4,097,405
4.125%, 2/22/10		6,580,000		6,438,234
4.625%, 8/3/10		485,000		479,644
6.125%, 8/25/36		1,600,000		1,625,122
General Electric Capital Corp.
3.450%, 7/16/07		700,000		696,406
5.360%, 10/24/08 (l)		3,000,000		3,000,036
5.455%, 6/15/09 (l)		5,100,000		5,107,665
4.125%, 9/1/09		1,055,000		1,035,113
5.420%, 5/10/10 (l)		3,700,000		3,699,604
5.000%, 11/15/11		12,270,000		12,233,816
Irwin Land LLC
5.030%, 12/15/25§		725,000		682,500
5.300%, 12/15/35		1,195,000		1,129,884
JPMorgan Chase & Co.
4.000%, 2/1/08		740,000		731,893
6.375%, 2/15/08		775,000		779,226
MassMutual Global Funding II
2.550%, 7/15/08§		850,000		818,608
Nationwide Building Society
3.500%, 7/31/07§		1,975,000		1,962,792
4.250%, 2/1/10§		295,000		287,914
New York Life Global Funding
3.875%, 1/15/09§		775,000		758,392
Pemex Finance Ltd.
9.030%, 2/15/11		95,000		101,808
Pricoa Global Funding I
4.350%, 6/15/08§		1,275,000		1,256,511
Racers, Series 97-R-8-3
5.660%, 8/15/07 †§(b)(l)		800,000		799,922
TIAA Global Markets, Inc.
3.875%, 1/22/08§		615,000		607,186
UFJ Finance Aruba AEC
6.750%, 7/15/13		310,000		333,927

19

AXA PREMIER VIP TRUST

AXA PREMIER VIP CORE BOND PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2007 (Unaudited)

	Principal Amount		Value (Note 1)
USAA Capital Corp.
4.000%, 12/10/07§	$	975,000	$	965,680
				113,689,412
Insurance (0.6%)
American International Group, Inc.
5.400%, 1/29/10^†§ (l)		10,400,000		10,412,006
Berkshire Hathaway Finance Corp.
3.400%, 7/2/07		2,140,000		2,130,417
4.125%, 1/15/10		85,000		83,190
4.750%, 5/15/12^		760,000		748,496
MetLife, Inc.
6.400%, 12/15/36		2,865,000		2,797,366
Metropolitan Life Global Funding I
4.750%, 6/20/07§		200,000		199,783
				16,371,258
Real Estate Investment Trusts (REITs) (0.0%)
AvalonBay Communities, Inc. (REIT)
6.625%, 9/15/11		270,000		284,878
Rouse Co. (REIT)
3.625%, 3/15/09		1,160,000		1,105,882
				1,390,760
Real Estate Management & Development (0.0%)
ERP Operating LP
6.625%, 3/15/12		445,000		473,614
Total Financials				398,414,308
Government Securities (72.5%)
Agency ABS (0.3%)
Small Business Administration Participation Certificates, Series 04-20A 1
4.930%, 1/1/24		792,590		785,305
Series 04-20C 1
4.340%, 3/1/24		4,995,012		4,782,114
Series 05-20B 1
4.625%, 2/1/25		432,933		419,856
Small Business Administration, Series 03-10A 1
4.628%, 3/10/13		767,217		748,233
				6,735,508
Agency CMO (5.4%)
Federal Home Loan Mortgage Corp.
4.500%, 12/15/13		3,761,677		3,731,526
4.500%, 2/15/15		3,959,708		3,921,265
4.500%, 1/15/16		4,204,309		4,151,989
5.000%, 6/15/16		824,234		822,250
5.000%, 11/15/17		2,660,000		2,629,179
5.000%, 12/15/19		3,188,359		3,176,464
4.500%, 10/15/23		5,300,000		5,239,827
5.500%, 2/15/26		5,113,363		5,130,507
5.500%, 4/15/26		6,866,191		6,878,797
5.500%, 2/15/27		8,322,369		8,349,361
5.500%, 5/15/29		22,435,050		22,481,084
5.670%, 12/15/29 (l)		27,813		27,927
5.500%, 1/15/31		3,097,074		3,112,474
5.500%, 7/15/33		166,752		167,790
5.500%, 10/15/33		2,664,992		2,686,451
5.500%, 4/15/35		5,080,853		5,128,036
5.500%, 6/15/35		3,442,391		3,474,599
5.000%, 8/1/35 IO		7,783,217		1,827,071
5.500%, 8/1/35 IO		9,126,787		2,087,048
5.500%, 2/1/36 IO		10,333,808		2,441,869
Pass Through Trust
6.500%, 7/25/43		871,013		892,653
Federal National Mortgage Association
4.500%, 2/25/17		2,494,362		2,455,818
4.500%, 3/25/17	$	1,950,223	$	1,920,203
5.000%, 3/25/18		1,190,000		1,163,068
5.500%, 9/25/24		9,102,420		9,095,921
5.500%, 10/25/24		10,405,235		10,398,603
5.500%, 5/25/27		5,732,253		5,732,330
5.500%, 9/25/27		6,685,803		6,697,365
6.000%, 8/25/28		2,271,298		2,275,941
5.500%, 2/25/29		6,876,642		6,893,168
5.310%, 8/25/33		2,900,000		2,882,624
5.500%, 12/25/33		4,226,354		4,244,533
5.500%, 1/25/34		3,380,550		3,393,978
6.500%, 7/25/34		2,299,830		2,353,081
5.500%, 2/25/35		3,020,951		3,044,239
5.500%, 8/25/35		973,195		980,492
5.000%, 7/1/36 IO		15,014,100		3,590,572
Government National Mortgage Association
6.500%, 6/20/32		204,088		209,770
				155,689,873
Foreign Governments (1.0%)
Export-Import Bank of China
5.250%, 7/29/14^§		3,700,000		3,693,040
Federative Republic of Brazil
8.000%, 1/15/18		4,700,000		5,304,185
7.125%, 1/20/37		100,000		110,600
Israel Government AID Bond
5.500%, 4/26/24		1,950,000		2,040,369
5.500%, 9/18/33		1,945,000		2,013,768
Republic of Chile
5.500%, 1/15/13		1,000,000		1,016,400
Republic of Croatia
6.213%, 7/31/10 (l)		720,682		723,320
Republic of Italy
3.800%, 3/27/08	JPY	364,000,000		3,180,113
Republic of Panama
9.625%, 2/8/11	$	350,000		399,525
Republic of Peru
9.125%, 1/15/08		400,000		410,000
Republic of South Africa
7.375%, 4/25/12		60,000		65,394
6.500%, 6/2/14^		1,480,000		1,576,200
Russian Federation
7.500%, 3/31/30 (e)(m)		2,850,000		3,234,465
United Mexican States
6.060%, 1/13/09 (l)		950,000		958,075
10.375%, 2/17/09		1,352,000		1,477,871
6.750%, 9/27/34^		1,973,000		2,151,556
				28,354,881
Municipal Bonds (0.0%)
City of Chicago, Illinois
6.406%, 1/1/14 §(l)		200,000		214,628
Los Gatos, California, Union School District
5.000%, 8/1/30		160,000		167,942
New York City Municipal Water Finance Authority
6.340%, 6/15/34 §(l)		100,000		110,070
				492,640
U.S. Government Agencies (51.2%)
Federal Farm Credit Bank
4.100%, 6/16/11		200,000		193,777
Federal Home Loan Bank
2.850%, 6/26/08		2,000,000		1,947,602
4.010%, 9/17/08		3,000,000		2,960,859
4.000%, 1/16/09 (e)		1,800,000		1,771,391
4.000%, 4/20/09 (e)		1,800,000		1,769,575
4.120%, 11/9/09		600,000		588,551
4.125%, 1/5/10		500,000		490,116

20

AXA PREMIER VIP TRUST

AXA PREMIER VIP CORE BOND PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2007 (Unaudited)

	Principal Amount		Value (Note 1)
4.500%, 6/22/10	$	10,900,000	$	10,799,774
4.500%, 6/12/13		3,700,000		3,585,862
4.625%, 9/11/20		32,800,000		31,043,790
Federal Home Loan Mortgage Corp
4.000%, 10/7/09		2,000,000		1,957,370
4.000%, 6/1/10		1,130,373		1,105,472
4.625%, 5/28/13		850,000		827,087
6.000%, 1/1/14		33,751		34,360
5.500%, 2/1/14		355,186		357,337
6.000%, 7/1/14		18,897		19,250
6.000%, 2/1/17		650,015		661,648
6.000%, 3/1/17		14,673		14,933
6.500%, 3/1/17		93,096		95,361
6.000%, 4/1/17		598,569		609,282
6.000%, 5/1/17		4,406		4,485
6.000%, 7/1/17		87,773		89,333
6.000%, 8/1/17		120,931		123,093
5.500%, 11/1/17		133,104		133,709
4.500%, 4/1/19		290,077		281,197
4.000%, 5/1/19		35,339		33,396
4.500%, 5/1/19		1,759,140		1,705,291
4.500%, 6/1/19		599,422		581,416
4.500%, 8/1/19		66,933		64,884
4.500%, 11/1/19		1,534,951		1,487,965
4.500%, 2/1/20		22,362		21,653
4.500%, 5/1/20		114,754		111,114
4.500%, 8/1/20		3,450,760		3,345,129
4.000%, 9/1/20		89,336		84,361
5.000%, 10/1/20		6,355,660		6,270,630
5.500%, 3/1/23		73,785		73,582
6.500%, 4/1/31		1,330		1,369
5.500%, 11/1/31		1,546,093		1,533,394
7.375%, 11/1/31 (l)		38,574		39,039
5.500%, 11/1/32		810,228		803,573
5.500%, 1/1/33		123,897		122,893
5.500%, 2/1/33		751,399		745,312
5.500%, 3/1/33		50,396		49,985
5.500%, 4/1/33		70,665		70,089
5.500%, 5/1/33		24,378		24,179
5.500%, 10/1/33		76,641		76,016
5.000%, 4/1/34		4,106,878		3,976,580
4.775%, 1/1/35 (l)		5,630,186		5,589,158
5.500%, 10/1/35		890,697		882,263
5.337%, 4/1/36 (l)		5,158,925		5,173,779
5.544%, 4/1/36 (l)		8,633,991		8,638,807
5.000%, 5/1/36		667,637		645,243
6.000%, 9/1/36		277,763		280,001
4.500%, 4/15/22 TBA		4,700,000		4,548,716
6.000%, 4/15/22 TBA		8,000,000		8,130,000
5.500%, 4/15/37 TBA		80,000,000		79,150,000
5.500%, 5/15/37 TBA		46,000,000		45,496,852
6.000%, 5/15/37 TBA		15,000,000		15,112,500
Federal National Mortgage Association
2.350%, 4/5/07		6,220,000		6,217,506
3.740%, 2/24/09		10,600,000		10,380,887
4.040%, 3/16/09		500,000		491,608
4.000%, 7/23/09		187,000		183,270
7.250%, 1/15/10^		8,625,000		9,165,787
5.570%, 12/15/10		16,750,000		16,740,000
4.000%, 11/28/11		4,100,000		3,945,118
4.625%, 5/1/13^		5,650,000		5,538,831
5.125%, 1/2/14^		2,575,000		2,578,358
4.000%, 5/1/14		7,071,230		6,856,508
7.000%, 4/1/15		81,906		84,480
6.000%, 2/1/16		2,387,721		2,429,589
6.000%, 3/1/16		420,298		427,668
7.000%, 4/1/16		101,070		104,186
5.500%, 2/1/17		498,625		501,080
5.500%, 6/1/17	$	159,248	$	160,032
5.500%, 8/1/17		163,924		164,731
5.500%, 10/1/17		131,054		131,699
5.500%, 12/1/17		8,161		8,201
5.000%, 1/1/18		3,507,152		3,469,473
5.500%, 1/1/18		472,989		475,318
5.000%, 3/1/18		5,259,224		5,200,436
4.500%, 4/1/18		441,866		428,950
5.500%, 4/1/18		942,321		946,617
4.500%, 5/1/18		596,765		579,582
5.000%, 6/1/18		5,094,954		5,038,003
4.500%, 10/1/18		322,145		312,729
5.000%, 10/1/18		18,688		18,479
5.500%, 10/1/18		14,367		14,432
5.500%, 11/1/18		5,543,231		5,570,522
5.000%, 12/1/18		8,536,958		8,445,241
5.000%, 1/1/19		631,554		624,494
5.500%, 3/1/19		542,729		545,235
5.000%, 5/1/19		559,175		552,415
5.500%, 5/1/19		1,379,322		1,386,113
4.000%, 6/1/19		7,363,836		6,960,614
5.000%, 6/1/19		61,413		60,657
5.500%, 7/1/19		167,370		168,028
5.500%, 8/1/19		788,684		791,679
5.500%, 9/1/19		419,633		421,227
5.500%, 11/1/19		449,367		451,073
5.000%, 12/1/19		8,930,825		8,820,972
5.500%, 6/1/20		4,672,150		4,694,019
5.500%, 10/1/20		897,502		900,000
5.500%, 1/1/21		1,025,456		1,028,061
6.000%, 1/1/21		1,960,405		1,997,139
5.500%, 2/1/21		310,342		311,130
5.000%, 3/1/21		6,632,833		6,558,691
6.000%, 4/1/21		14,890,248		15,158,117
7.151%, 1/1/28 (l)		222,291		226,089
6.500%, 2/1/31		1,207		1,243
6.500%, 8/1/31		751		774
7.000%, 8/1/31		49,447		51,654
7.000%, 3/1/32		41,527		43,274
7.000%, 4/1/32		174,818		182,425
7.000%, 5/1/32		10,298		10,731
6.500%, 6/1/32		158,279		162,730
6.500%, 8/1/32		255,637		263,314
6.500%, 9/1/32		2,348,986		2,415,041
7.000%, 10/1/32		55,291		57,687
5.500%, 11/1/32		556,493		552,004
6.500%, 11/1/32		369,319		379,705
6.500%, 12/1/32		98,234		100,996
5.500%, 1/1/33		1,074,098		1,065,434
5.500%, 2/1/33		2,254,154		2,235,916
5.500%, 3/1/33		4,929,908		4,878,637
5.596%, 3/1/33 (l)		246,303		248,930
5.500%, 4/1/33		2,716,130		2,693,873
5.500%, 6/1/33		30,813,882		30,561,923
5.500%, 7/1/33		128,668		127,614
5.500%, 8/1/33		142,183		141,018
5.500%, 10/1/33		1,047,218		1,038,637
6.500%, 10/1/33		8,619		8,851
5.500%, 11/1/33		1,011,575		1,003,286
5.500%, 12/1/33		418,893		415,461
5.500%, 2/1/34		11,254,147		11,161,026
6.000%, 2/1/34		4,437,189		4,490,175
5.500%, 3/1/34		7,125,585		7,063,066
5.500%, 4/1/34		14,122,232		14,005,786
5.500%, 5/1/34		15,234,676		15,103,891
5.500%, 6/1/34		16,595,936		16,450,521
5.500%, 7/1/34		15,122,970		14,991,149
5.500%, 8/1/34		724,084		717,956

21

AXA PREMIER VIP TRUST

AXA PREMIER VIP CORE BOND PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2007 (Unaudited)

	Principal Amount		Value (Note 1)
6.000%, 8/1/34	$	2,742,727	$	2,775,479
5.500%, 9/1/34		18,965,961		18,799,554
5.500%, 11/1/34		43,093,546		42,715,443
5.500%, 12/1/34		412,817		409,195
5.500%, 1/1/35		57,492,548		56,988,109
5.500%, 2/1/35		93,689,895		92,923,795
5.500%, 3/1/35		11,292,375		11,186,898
6.000%, 3/1/35		18,970		19,124
6.000%, 4/1/35		14,687,514		14,872,223
5.500%, 5/1/35		566,691		562,047
6.000%, 5/1/35		882,361		889,518
6.000%, 7/1/35		534,972		539,311
6.000%, 8/1/35		1,640,447		1,653,751
6.000%, 9/1/35		1,907,938		1,923,413
5.000%, 10/1/35		579,493		560,443
5.500%, 10/1/35		1,785,736		1,768,881
6.000%, 10/1/35		4,034,991		4,067,718
5.000%, 11/1/35		10,838,238		10,481,951
5.500%, 11/1/35		2,397,895		2,375,262
6.000%, 11/1/35		2,966,769		2,990,832
5.500%, 12/1/35		9,093,200		9,013,416
6.000%, 12/1/35		37,069		37,370
5.205%, 1/1/36 (l)		4,324,848		4,338,491
6.000%, 1/1/36		1,034,275		1,042,664
6.000%, 2/1/36		7,859,067		7,918,109
6.000%, 3/1/36		4,039,677		4,070,158
6.000%, 4/1/36		1,034,394		1,042,083
6.000%, 5/1/36		3,774,566		3,802,623
5.500%, 6/1/36		2,780,779		2,783,878
5.500%, 7/1/36		482,653		477,619
6.000%, 7/1/36		10,633,501		10,712,543
6.500%, 7/1/36		5,543,707		5,655,277
6.000%, 8/1/36		4,751,079		4,786,395
6.500%, 8/1/36		5,324,708		5,431,871
6.000%, 9/1/36		52,623,881		53,015,044
6.500%, 9/1/36		3,660,128		3,733,790
6.000%, 10/1/36		22,256,074		22,421,506
6.500%, 10/1/36		916,883		935,336
6.000%, 11/1/36		3,947,931		3,977,278
6.000%, 12/1/36		1,474,056		1,485,013
6.000%, 1/1/37		787,510		793,364
7.219%, 12/1/40 (l)		205,060		208,200
4.500%, 4/25/22 TBA		13,000,000		12,581,556
5.000%, 4/25/22 TBA		28,000,000		27,606,264
5.500%, 4/25/22 TBA		66,000,000		66,144,408
6.000%, 4/25/22 TBA		42,000,000		42,682,500
5.000%, 4/25/37 TBA		51,000,000		49,262,838
5.500%, 4/25/37 TBA		500,000		494,687
6.000%, 4/25/37 TBA		20,500,000		20,647,354
6.500%, 4/25/37 TBA		153,500,000		156,570,000
7.000%, 4/25/37 TBA		100,000		103,125
5.000%, 5/25/37 TBA		110,500,000		106,736,149
Government National Mortgage Association
5.750%, 7/20/27 (l)		12,572		12,708
6.000%, 9/15/28		14,221		14,463
6.000%, 11/15/28		25,032		25,457
6.000%, 1/15/29		69,694		70,856
6.000%, 2/15/29		22,810		23,190
6.500%, 5/15/29		40,251		41,449
6.000%, 6/15/29		30,576		31,086
7.000%, 9/15/31		54,777		57,304
7.000%, 10/15/31		10,484		10,963
6.000%, 11/15/31		15,172		15,415
6.000%, 12/15/31		102,157		103,791
7.000%, 2/15/32		45,744		47,846
7.000%, 4/15/32		29,181		30,522
7.000%, 5/15/32		29,842		31,213
6.000%, 7/15/32		57,899		58,800
6.000%, 1/15/33	$	58,955	$	59,852
6.000%, 2/15/33		86,851		88,172
7.000%, 2/15/33		50,415		52,743
5.500%, 4/15/33		156,418		155,786
6.000%, 9/15/34		2,116,065		2,145,763
6.000%, 12/15/34		178,120		180,619
6.000%, 1/15/35		794,056		804,681
6.000%, 2/15/35		344,057		348,661
6.000%, 3/15/35		1,389,547		1,408,139
6.000%, 5/15/35		108,182		109,629
6.000%, 7/15/35		790,382		801,202
6.000%, 9/15/35		99,661		100,994
6.000%, 10/15/35		335,187		339,672
6.000%, 12/15/35		492,563		499,154
6.000%, 1/15/36		207,755		210,467
6.000%, 2/15/36		358,346		363,024
6.000%, 3/15/36		276,967		280,583
6.000%, 4/15/36		291,912		295,723
6.000%, 5/15/36		1,734,577		1,757,222
6.000%, 6/15/36		2,308,159		2,338,291
6.000%, 7/15/36		4,219,559		4,274,644
6.000%, 8/15/36		4,397,933		4,456,816
6.000%, 9/15/36		3,117,632		3,158,332
6.000%, 10/15/36		4,930,370		4,994,733
Resolution Funding Strips
(Zero Coupon), 7/15/18		75,000		43,017
(Zero Coupon), 10/15/18		75,000		42,411
Small Business Administration
4.524%, 2/10/13		754,737		732,941
4.504%, 2/1/14		791,127		768,283
U.S. Department of Housing and Urban Development
5.380%, 8/1/18		1,660,000		1,661,066
				1,469,285,724
U.S. Treasuries (14.6%)
U.S. Treasury Bonds
7.250%, 8/15/22^		500,000		625,352
6.125%, 8/15/29^		27,500,000		31,983,792
4.500%, 2/15/36^		215,000		202,705
4.750%, 2/15/37		17,200,000		16,931,250
Inflation Indexed
2.000%, 1/15/26^		14,769,485		14,036,786
2.375%, 1/15/27^		3,883,661		3,915,670
U.S. Treasury Notes
4.750%, 12/31/08^		286,900,000		287,281,003
4.000%, 3/15/10^		17,800,000		17,539,266
5.125%, 6/30/11^		5,370,000		5,488,725
4.625%, 2/15/17^		31,350,000		31,286,328
U.S. Treasury STRIPS
11/15/27^PO		23,265,000		8,420,464
				417,711,341
Total Government Securities				2,078,269,967
Health Care (0.1%)
Pharmaceuticals (0.1%)
Bristol-Myers Squibb Co.
5.875%, 11/15/36		1,925,000		1,886,502
6.875%, 8/1/97		150,000		159,341
Total Health Care				2,045,843
Industrials (0.1%)
Airlines (0.0%)
Continental Airlines, Inc.
7.056%, 9/15/09		850,000		876,563
United Air Lines, Inc.
6.602%, 9/1/13		274,778		278,556
				1,155,119

22

AXA PREMIER VIP TRUST

AXA PREMIER VIP CORE BOND PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2007 (Unaudited)

	Principal Amount		Value (Note 1)
Industrial Conglomerates (0.1%)
General Electric Co.
5.000%, 2/1/13	$	1,081,000	$	1,072,812
Tyco International Group S.A.
6.375%, 10/15/11		1,535,000		1,622,138
				2,694,950
Total Industrials				3,850,069
Information Technology (0.0%)
Computers & Peripherals (0.0%)
Hewlett-Packard Co.
5.485%, 5/22/09 (l)		1,400,000		1,401,855
Total Information Technology				1,401,855
Materials (0.1%)
Metals & Mining (0.1%)
Teck Cominco Ltd.
6.125%, 10/1/35		1,075,000		1,041,806
Paper & Forest Products (0.0%)
Koch Forest Products, Inc.
7.345%, 12/20/12 (l)		47,619		47,842
7.353%, 12/20/12 (l)		761,905		765,462
7.364%, 12/20/12 (l)		180,476		181,319
				994,623
Total Materials				2,036,429
Telecommunication Services (1.2%)
Diversified Telecommunication Services (0.7%)
AT&T Corp.
7.300%, 11/15/11		38,000		41,251
8.000%, 11/15/31		698,000		862,579
AT&T, Inc.
4.214%, 6/5/07§		5,000,000		4,999,450
BellSouth Corp.
5.460%, 8/15/08 (l)		3,000,000		3,001,560
Citizens Communications Co.
9.000%, 8/15/31		65,000		71,175
Deutsche Telekom International Finance B.V.
8.250%, 6/15/30		340,000		421,144
New England Telephone & Telegraph
7.875%, 11/15/29		25,000		28,106
Qwest Communications International, Inc.
8.860%, 2/15/09 (l)		1,000,000		1,010,000
Qwest Corp.
7.625%, 6/15/15^		1,580,000		1,686,650
Sprint Capital Corp.
8.750%, 3/15/32		375,000		442,320
Telecom Italia Capital S.A.
5.250%, 10/1/15		1,575,000		1,494,275
6.000%, 9/30/34		435,000		393,904
7.200%, 7/18/36		1,075,000		1,119,198
Telefonica Emisiones S.A.U.
6.421%, 6/20/16		1,050,000		1,095,910
7.045%, 6/20/36		950,000		1,014,494
Telefonica Europe B.V.
7.750%, 9/15/10		550,000		592,659
Verizon Communications, Inc.
5.350%, 2/15/11^		600,000		603,511
6.940%, 4/15/28		225,000		237,294
7.750%, 6/15/32		425,000		493,236
Verizon Maryland, Inc.
5.125%, 6/15/33^		465,000		387,999
Verizon New Jersey, Inc.
5.875%, 1/17/12		1,040,000		1,062,733
				21,059,448
Wireless Telecommunication Services (0.5%)
America Movil S.A. de C.V.
5.448%, 6/27/08§ (l)	$	1,000,000	$	1,000,000
Sprint Nextel Corp.
6.000%, 12/1/16		1,600,000		1,574,570
Vodafone Group plc
5.410%, 6/29/07 (l)		5,700,000		5,700,359
5.440%, 12/28/07 (l)		4,165,000		4,167,074
7.750%, 2/15/10		1,985,000		2,118,763
				14,560,766
Total Telecommunication Services				35,620,214
Utilities (0.8%)
Electric Utilities (0.4%)
Appalachian Power Co.
3.600%, 5/15/08		650,000		637,706
CenterPoint Energy Resources Corp.
6.150%, 5/1/16^		1,000,000		1,024,371
Dayton Power & Light Co.
5.125%, 10/1/13		900,000		889,012
Florida Power & Light Co.
4.950%, 6/1/35^		875,000		775,534
Florida Power Corp.
5.900%, 3/1/33		275,000		272,424
Jersey Central Power & Light Co.
7.500%, 5/1/23		1,620,000		1,644,464
Pepco Holdings, Inc.
6.450%, 8/15/12		2,130,000		2,228,847
Scottish Power plc
4.910%, 3/15/10		1,100,000		1,091,531
TXU Electric Delivery Co.
5.725%, 9/16/08§ (l)		1,500,000		1,499,775
				10,063,664
Gas Utilities (0.0%)
Consolidated Natural Gas Co.
5.000%, 3/1/14		250,000		242,464
Southern Natural Gas Co.
6.125%, 9/15/08		300,000		303,053
				545,517
Multi-Utilities (0.4%)
CMS Energy Corp.
9.875%, 10/15/07^		1,030,000		1,051,887
8.900%, 7/15/08^		1,200,000		1,245,000
Dominion Resources, Inc.
5.650%, 9/28/07 (l)		2,400,000		2,400,902
5.540%, 11/14/08 (l)		1,500,000		1,501,032
5.125%, 12/15/09		150,000		150,052
7.195%, 9/15/14		315,000		346,246
Energy East Corp.
6.750%, 7/15/36		950,000		1,003,929
Ipalco Enterprises, Inc.
8.375%, 11/14/08		3,290,000		3,396,925
PSEG Power LLC
6.950%, 6/1/12		400,000		427,200
Texas Eastern Transmission LP
5.250%, 7/15/07		120,000		119,811
				11,642,984
Total Utilities				22,252,165
Total Long-Term Debt Securities (110.9%) (Cost $3,191,455,352)				3,179,756,058
SHORT-TERM INVESTMENTS:
Certificates of Deposit (0.4%)
Countrywide Bank N.A.
5.32%, 4/25/07 (l)		9,700,000		9,700,076

23

AXA PREMIER VIP TRUST

AXA PREMIER VIP CORE BOND PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2007 (Unaudited)

	Principal Amount		Value (Note 1)
Societe Generale/New York
5.26%, 6/20/07 (l)	$	1,500,000	$	1,500,119
Total Certificates of Deposit Commercial Paper (8.0%)				11,200,195
CDC Commercial Paper Corp.
5.27%, 5/2/07 (n)(p)		40,000,000		39,813,332
DaimlerChrysler N.A. Holding Corp.
5.39%, 6/22/07 (p)		10,200,000		10,074,744
HBOS Treasury Services plc
5.17%, 6/22/07 (p)		65,000,000		64,234,950
Rabobank USA Finance Corp.
5.40%, 4/2/07 (p)		26,400,000		26,392,080
Skandinaviska Enskilda Banken AB/New York
5.21%, 6/29/07 (n)(p)		39,700,000		39,189,547
Time Warner Cable, Inc.
5.29%, 4/12/07 (n)(p)		7,300,000		7,287,147
UBS Finance Delaware LLC
5.14%, 6/12/07 (p)		200,000		197,938
5.16%, 6/20/07 (p)		41,700,000		41,221,284
Total Commercial Paper				228,411,022
Government Securities (8.1%)
Federal Home Loan Bank
4.97%, 4/2/07 (o)(p)		150,300,000		150,258,501
Federal Home Loan Mortgage Corp.
5.02%, 6/11/07 (o)(p)		200,000		198,013
Federal National Mortgage Association
4.91%, 5/30/07 (o)(p)^		67,400,000		66,853,132
France Treasury Bills
3.62%, 5/31/07 (p)	EUR	6,140,000		8,152,086
3.67%, 6/14/07 (p)		1,240,000		1,643,898
U.S. Treasury Bills
4.81%, 6/14/07 #(p)	$	6,795,000		6,727,621
Total Government Securities				233,833,251
Short-Term Investments of Cash Collateral for Securities Loaned (7.8%)
ACCR, Series 06-2 A1
5.36%, 6/27/08 (l)		601,456		601,456
Aegis Finance LLC
5.31%, 4/19/07		6,260,701		6,260,701
Banesto S.A./Madrid
5.33%, 4/19/07		3,275,704		3,275,704
Barclays Capital, Repurchase Agreement
5.40%, 4/2/07 (r)		51,699,253		51,699,253
Bear Stearns Cos., Inc.
5.57%, 3/23/09 (l)		3,275,704		3,275,704
Cedar Springs Capital Co. LLC
5.33%, 4/25/07		4,565,586		4,565,586
CIT Group Holdings, Inc.
5.37%, 4/30/08 (l)		6,289,351		6,289,351
Citigroup Funding, Inc.
5.36%, 4/4/07		6,544,592		6,544,592
5.36%, 3/16/09 (l)		3,275,704		3,275,704
Comerica Bank
5.35%, 3/16/09 (l)		1,310,123		1,310,123
Concord Minutemen C.C. LLC, Series B
5.31%, 4/10/07		2,620,542		2,620,542
Corp. Andina de Fomento
5.31%, 4/12/07		5,195,945		5,195,945
Credit Industriel et Commercial
5.33%, 4/18/07		3,275,744		3,275,744
5.33%, 4/25/07		3,281,012		3,281,012
Crown Point Capital Co.
5.29%, 4/5/07		6,521,676		6,521,676
DekaBank Deutsche
5.38%, 4/30/08 (l)		3,406,732		3,406,732
DLJ/Pershing Division, Repurchase Agreement
5.54%, 4/2/07 (r)		3,275,704		3,275,704
Fenway Funding LLC
5.35%, 6/18/07		5,818,436		5,818,436
5.35%, 6/27/07		3,699,389		3,699,389
Fifth Third Bancorp
5.32%, 4/30/08 (l)		393,081		393,081
Goldman Sachs Group, Inc.
5.38%, 3/28/08 (l)		1,441,310		1,441,310
5.56%, 4/30/08 (l)		2,620,563		2,620,563
5.41%, 3/27/09 (l)		3,275,704		3,275,704
Hartford Life, Inc.
5.45%, 3/28/08 (l)		1,048,225		1,048,225
HSBC Finance Corp.
5.33%, 4/9/07		5,215,663		5,215,663
5.32%, 4/11/07		6,518,676		6,518,676
5.32%, 4/12/07		5,865,942		5,865,942
Kommunalkredit International Bank
5.34%, 4/6/07		6,464,134		6,464,134
Lehman Brothers, Inc.
5.56%, 6/29/07 (l)		458,599		458,599
MBIA Global Funding LLC
5.37%, 3/30/09 (l)		3,275,704		3,275,704
Mizuho Corporate Bank Ltd./London
5.34%, 4/10/07		2,227,478		2,227,478
5.34%, 4/23/07		2,620,563		2,620,563
Mizuho Corporate Bank Ltd./New York
5.31%, 4/10/07		3,275,704		3,275,704
Natexis Banques Populaires N.Y.
5.34%, 8/7/07 (l)		3,275,704		3,275,704
5.37%, 1/28/08 (l)		3,930,844		3,930,844
National Bank of Canada
5.42%, 4/2/07		10,482,251		10,482,251
New York Life Insurance Co.
5.41%, 6/29/07 (l)		3,275,704		3,275,704
Norinchukin Bank N.Y.
5.34%, 4/9/07		5,896,267		5,896,267
5.33%, 4/16/07		3,275,704		3,275,704
5.32%, 6/5/07		6,551,408		6,551,408
Park Sienna LLC
5.32%, 5/10/07		3,244,055		3,244,055
Raiffeisen Zentralbank
5.31%, 4/19/07		6,524,457		6,524,457
Rhein-Main Securitisaton Ltd.
5.35%, 7/16/07		4,963,481		4,963,481
Silver Tower U.S. Funding LLC
5.37%, 8/16/07		2,553,178		2,553,178
Total Short-Term Investments of Cash Collateral for Securities Loaned				222,867,753
Time Deposit (2.1%)
JPMorgan Chase Nassau
4.79%, 4/2/07		61,329,626		61,329,626
Total Short-Term Investments (26.4%) (Cost/Amortized Cost $757,527,841)				757,641,847
	Number of Contracts
OPTIONS PURCHASED:
Call Option Purchased (0.0%)
U.S. 10 Year Treasury Note Futures
June-2007 @ $113.00*		2,350		36,660
Put Options Purchased (0.0%)
EURODollar Futures
June-2007 @ $92.50*		6,700		41,875
September-2007 @ $91.00*		1,512		9,450

24

AXA PREMIER VIP TRUST

AXA PREMIER VIP CORE BOND PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2007 (Unaudited)

	Number of Contracts			Value (Note 1)
December-2007 @ $91.50*		720		$	4,500
December-2007 @ $92.00*		1,490			9,313
March-2008 @ $93.00*		2,190			13,687
U.S. 10 Year Treasury Note Futures
June-2007 @ $105.00*		190			5,938
					84,763
Total Options Purchased (0.0%) (Cost $247,827)					121,423
Total Investments before Securities Sold Short (137.3%) (Cost/Amortized Cost $3,949,231,020)					3,937,519,328
	Principal Amount
SECURITIES SOLD SHORT:
U.S. Government Agencies (-4.0%)
Federal National Mortgage Association
5.500%, 4/25/37 TBA	$	(71,000,000	)		(70,245,625	)
6.000%, 4/25/37 TBA		(14,400,000	)		(14,503,507	)
6.500%, 5/25/37 TBA		(3,000,000	)		(3,059,064	)
Federal Home Loan Mortgage Corp.
5.000%, 5/25/37 TBA		(4,700,000	)		(4,539,909	)
Government National Mortgage Association
6.000%, 4/25/37 TBA		(22,700,000	)		(22,990,832	)
Total Securities Sold Short (-4.0%) (Proceeds Received $115,782,906)					(115,338,937	)
Total Investments (133.3%) (Cost/Amortized Cost $3,833,448,114)					3,822,180,391
Other Assets Less Liabilities (-33.3%)					(953,543,715	)
Net Assets (100%)				$	2,868,636,676

* Non-income producing.

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

† Securities (totaling $12,217,736 or 0.43% 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 March 31, 2007, the market value of these securities amounted to $116,239,375 or 4.05% 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 March 31, 2007. Maturity date disclosed is the ultimate maturity date.

(l) Floating Rate Security. Rate disclosed is as of March 31, 2007.

(m) Regulation S is an exemption 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 March 31, 2007.

(p) Yield to maturity.

(r) The repurchase agreement is fully collateralized by U.S. government and/or agency obligations based on market prices at the date of this portfolio of investments.

Glossary:

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.

At March 31, 2007 the Portfolio had the following futures contracts open: (Note 1)

Purchases	Number of Contracts	Expiration Date	Original Value		Value at 3/31/07		Unrealized Appreciation/ (Depreciation)
British Pound Sterling 90-Day	602	December-2007	$	140,240,371	$	139,506,840	$	(733,531	)
EURODollar	9,440	September-2007		2,240,579,050		2,240,230,000		(349,050	)
EURODollar	1,903	December-2007		451,745,596		452,557,187		811,591
EURODollar	1,599	March-2008		379,706,013		380,861,813		1,155,800
United Kingdom 90-Day Life	1,450	March-2008		337,051,349		336,164,128		(887,221	)
U.S. Treasury Bonds	1,351	June-2007		152,903,371		150,298,750		(2,604,621	)
U.S. 5 Year Treasury Notes	590	June-2007		62,296,109		62,420,156		124,047
U.S. 10 Year Treasury Notes	589	June-2007		63,923,671		63,685,625		(238,046	)
							$	(2,721,031	)
Sales
U.S. 10 Year Treasury Notes	3,057	June-2007	$	330,916,969	$	330,538,125	$	378,844
							$	(2,342,187	)

25

AXA PREMIER VIP TRUST

AXA PREMIER VIP CORE BOND PORTFOLIO

PORTFOLIO OF INVESTMENTS (Concluded)

March 31, 2007 (Unaudited)

At March 31, 2007 the Portfolio had outstanding 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)
Foreign Currency Buy Contracts
Japanese Yen, expiring 4/16/07	1,969,000	$	16,831,836	$	16,740,959	$	(90,877	)
Japanese Yen, expiring 5/15/07	22,172		189,177		189,254		77
European Union, expiring 4/26/07	5,310		7,091,292		7,099,877		8,585
						$	(82,215	)
Foreign Currency Sell Contracts
British Pound, expiring 4/5/07	1,158	$	2,263,544	$	2,278,763	$	(15,219	)
European Union, expiring 4/26/07	9,083		12,114,524		12,144,667		(30,143	)
Japanese Yen, expiring 5/15/07	3,215,347		26,719,299		27,445,366		(726,067	)
Japanese Yen, expiring 5/15/07	405,309		3,471,026		3,459,612		11,414
						$	(760,015	)
						$	(842,230	)

Investment security transactions for the three months ended March 31, 2007 were as follows:

Cost of Purchases:
Stocks and long-term corporate debt securities	$	2,417,409,412
Long-term U.S. Treasury securities		1,628,211,890
	$	4,045,621,302
Net Proceeds of Sales and Redemptions:
Stocks and long-term corporate debt securities	$	2,526,869,322
Long-term U.S. Treasury securities		1,353,334,278
	$	3,880,203,600

As of March 31, 2007, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investments for Federal income tax purposes was as follows:

Aggregate gross unrealized appreciation	$	7,663,653
Aggregate gross unrealized depreciation		(21,015,391	)
Net unrealized depreciation	$	(13,351,738	)
Federal income tax cost of investments	$	3,950,871,066

At March 31, 2007, the Portfolio had loaned securities with a total value of $246,734,900. This was secured by collateral of $222,867,753 which was received as cash and subsequently invested in short-term investments as reported in the portfolio of investments. The remaining collateral of $29,465,116 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 $13,285,672, of which $7,796,848 expires in the year 2013, and $5,488,824 expires in the year 2014.

See Notes to Financial Statements.

26

AXA PREMIER VIP TRUST

AXA PREMIER VIP HEALTH CARE PORTFOLIO

PORTFOLIO OF INVESTMENTS

March 31, 2007 (Unaudited)

	Number of Shares	Value (Note 1)
COMMON STOCKS:
Consumer Staples (2.0%)
Food & Staples Retailing (1.7%)
CVS/Caremark Corp.	146,900	$	5,015,166
Longs Drug Stores Corp.^	30,500		1,575,020
Rite Aid Corp.*^	35,200		203,104
			6,793,290
Personal Products (0.3%)
Herbalife Ltd.*	24,861		974,303
Total Consumer Staples			7,767,593
Health Care (94.2%)
Biotechnology (22.1%)
Acadia Pharmaceuticals, Inc.*	22,265		334,420
Affymax, Inc.*	5,855		188,531
Alexion Pharmaceuticals, Inc.*^	27,950		1,208,558
Altus Pharmaceuticals, Inc.*^	19,552		297,581
Amgen, Inc.*	84,153		4,702,470
Amylin Pharmaceuticals, Inc.*^	94,920		3,546,211
Applera Corp.- Celera Group*	109,980		1,561,716
Arena Pharmaceuticals, Inc.*^	28,739		312,106
Array Biopharma, Inc.*^	24,803		314,998
Biogen Idec, Inc.*	28,960		1,285,245
BioMarin Pharmaceuticals, Inc.*^	57,673		995,436
Celgene Corp.*	150,970		7,919,886
Cephalon, Inc.*^	84,530		6,019,381
Coley Pharmaceutical Group, Inc.*^	37,710		361,262
Cubist Pharmaceuticals, Inc.*^	36,234		799,684
CV Therapeutics, Inc.*^	69,900		550,113
Cytokinetics, Inc.*^	175,800		1,223,568
Digene Corp.*^	54,280		2,302,015
Encysive Pharmaceuticals, Inc.*^	39,519		107,096
Genentech, Inc.*	58,343		4,791,127
Genzyme Corp.*	80,303		4,819,786
Gilead Sciences, Inc.*	157,322		12,035,133
Human Genome Sciences, Inc.*^	197,969		2,102,431
ImClone Systems, Inc.*^	34,145		1,392,092
Incyte Corp.*^	127,991		843,461
InterMune, Inc.*^	16,100		397,026
Keryx Biopharmaceuticals, Inc.*^	31,629		332,737
MannKind Corp.*^	34,296		490,433
Medarex, Inc.*^	82,105		1,062,439
MedImmune, Inc.*	97,050		3,531,650
Millennium Pharmaceuticals, Inc.*	251,800		2,860,448
Myriad Genetics, Inc.*^	13,765		474,342
NPS Pharmaceuticals, Inc.*^	23,600		80,004
Onyx Pharmaceuticals, Inc.*^	33,882		841,629
OSI Pharmaceuticals, Inc.*^	8,478		279,774
Panacos Pharmaceuticals, Inc.*^	83,992		388,883
PDL BioPharma, Inc.*	46,477		1,008,551
Pharmion Corp.*^	49,900		1,311,871
Progenics Pharmaceuticals, Inc.*^	55,500		1,314,240
Regeneron Pharmaceuticals, Inc.*^	43,700		944,794
Theravance, Inc.*^	60,695		1,790,503
United Therapeutics Corp.*^	62,057		3,337,425
Vanda Pharmaceuticals, Inc.*^	16,712		407,104
Vertex Pharmaceuticals, Inc.*	100,098		2,806,748
ZymoGenetics, Inc.*^	252,995		3,936,602
			87,611,510
Health Care Distributors (4.5%)
Animal Health International, Inc.*	46,735		565,026
Cardinal Health, Inc.	148,990		10,868,820
McKesson Corp.	98,279		5,753,253
Profarma Distribuidora de Produtos Farmaceuticos S.A.*	40,100		653,963
			17,841,062
Health Care Equipment (12.1%)
Baxter International, Inc.	84,698	$	4,461,044
Beckman Coulter, Inc.	40,300		2,574,767
Cytyc Corp.*	86,871		2,971,857
DexCom, Inc.*^	71,174		559,428
Foxhollow Technologies, Inc.*^	31,345		654,797
Hospira, Inc.*	63,159		2,583,203
Kyphon, Inc.*^	27,350		1,234,579
Medtronic, Inc.	252,910		12,407,765
Mentor Corp.^	19,032		875,472
Mindray Medical International Ltd. (ADR)^	36,610		871,684
Nobel Biocare Holding AG	2,860		1,042,653
NuVasive, Inc.*	40,430		960,212
NxStage Medical, Inc.*^	49,936		665,147
Respironics, Inc.*	56,645		2,378,524
Smith & Nephew plc	85,402		1,085,656
St. Jude Medical, Inc.*	113,450		4,266,854
Stryker Corp.	31,270		2,073,826
Symmetry Medical, Inc.*	51,324		838,121
Thoratec Corp.*^	47,774		998,477
Varian Medical Systems, Inc.*.	34,985		1,668,435
Zimmer Holdings, Inc.*	29,900		2,553,759
			47,726,260
Health Care Facilities (2.6%)
Assisted Living Concepts, Inc.*	61,927		730,738
Community Health Systems, Inc.*	126,200		4,448,550
Kindred Healthcare, Inc.*^	34,219		1,121,699
Manor Care, Inc.	27,000		1,467,720
Rhoen-Klinikum AG	19,025		1,133,743
Universal Health Services, Inc., Class B	22,900		1,311,254
			10,213,704
Health Care Services (4.0%)
DaVita, Inc.*	36,418		1,941,808
Express Scripts, Inc.*	49,275		3,977,478
HMS Holdings Corp.*^	44,721		979,390
Laboratory Corp. of America Holdings*	6,745		489,889
Medco Health Solutions, Inc.*	52,530		3,810,001
Quest Diagnostics, Inc.	93,470		4,661,349
			15,859,915
Health Care Supplies (0.5%)
Cooper Cos., Inc.	21,829		1,061,326
Xtent, Inc.*	59,740		670,880
			1,732,206
Health Care Technology (0.9%)
Eclipsys Corp.*^	45,018		867,497
IMS Health, Inc.	47,900		1,420,714
TriZetto Group, Inc.*^	26,989		540,050
Vital Images, Inc.*^	19,994		665,000
			3,493,261
Life Sciences Tools & Services (4.9%)
Charles River Laboratories International, Inc.*	30,602		1,415,648
Ciphergen Biosystems, Inc.*^	184,000		257,600
Covance, Inc.*	31,840		1,889,386
Exelixis, Inc.*^	96,000		954,240
Invitrogen Corp.*^	30,947		1,969,777
MDS, Inc.	89,572		1,695,234
Millipore Corp.*	19,992		1,448,820
Parexel International Corp.*^	15,169		545,629
Pharmaceutical Product Development, Inc.	69,397		2,337,985
Thermo Fisher Scientific, Inc.*	137,371		6,422,094
Varian, Inc.*^	10,049		585,455
			19,521,868

27

AXA PREMIER VIP TRUST

AXA PREMIER VIP HEALTH CARE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2007 (Unaudited)

	Number of Shares		Value (Note 1)
Managed Health Care (5.5%)
Aetna, Inc.		25,059	$	1,097,334
CIGNA Corp.		19,900		2,838,934
Coventry Health Care, Inc.*		40,790		2,286,280
Health Net, Inc.*		100,866		5,427,599
UnitedHealth Group, Inc.		118,600		6,282,242
WellPoint, Inc.*		48,030		3,895,233
				21,827,622
Pharmaceuticals (37.1%)
Abbott Laboratories		301,540		16,825,932
Adams Respiratory Therapeutics, Inc.*^		42,473		1,428,367
Adolor Corp.*^		109,219		955,666
Allergan, Inc.		49,876		5,527,258
Astellas Pharma, Inc.		87,800		3,784,997
AstraZeneca plc (Sponsored ADR)		81,027		4,347,099
AtheroGenics, Inc.*^		50,718		142,518
Barr Pharmaceuticals, Inc.*		27,900		1,293,165
BioMimetic Therapeutics, Inc.*^		47,320		782,673
Bristol-Myers Squibb Co.		264,700		7,348,072
Cadence Pharmaceuticals, Inc.*^		33,683		498,508
Cardiome Pharma Corp.*^		47,049		477,547
Daiichi Sankyo Co., Ltd.		147,900		4,530,881
Eisai Co., Ltd.		100,200		4,804,226
Elan Corp. plc (ADR)*^		153,000		2,033,370
Eli Lilly & Co.		133,424		7,166,203
Endo Pharmaceuticals Holdings, Inc.*		78,262		2,300,903
Forest Laboratories, Inc.*		39,700		2,042,168
H. Lundbeck A/S		29,700		694,877
Ipsen		66,205		3,251,937
Johnson & Johnson		114,227		6,883,319
Matrixx Initiatives, Inc.*^		26,000		422,500
Medicines Co.*		61,450		1,541,166
Merck & Co., Inc.		142,770		6,306,151
Merck KGaA		14,555		1,876,667
MGI Pharma, Inc.*^		120,800		2,714,376
Novartis AG (ADR)		88,245		4,820,824
Novartis AG (Registered)		1,348		77,320
Oculus Innovative Sciences, Inc.*		18,400		109,480
Pfizer, Inc.		158,114		3,993,960
Pozen, Inc.*^		18,655		275,161
Roche Holding AG		37,091		6,562,618
Sanofi-Aventis		47,235		4,107,737
Sanofi-Aventis (ADR)		104,824		4,560,892
Schering-Plough Corp.		378,750		9,661,913
Sepracor, Inc.*		10,877		507,195
Shionogi & Co., Ltd.		253,901		4,567,805
Shire plc (ADR)^		68,661		4,250,116
Teva Pharmaceutical Industries Ltd. (ADR)^		84,510		3,163,209
UCB S.A. (Virt-x Exchange)		9,800		570,520
UCB S.A. (Frankfurt Exchange)		37,548		2,185,406
Warner Chilcott Ltd.*		46,198		684,192
Wyeth		138,710		6,939,661
				147,018,555
Total Health Care				372,845,963
Industrials (0.5%)
Industrial Conglomerates (0.5%)
Tyco International Ltd.		64,697		2,041,190
Total Industrials				2,041,190
Total Common Stocks (96.7%) (Cost $347,009,182)				382,654,746
	Principal Amount
SHORT-TERM INVESTMENTS:
Government Securities (1.5%)
Federal Home Loan Bank
5.00%, 4/2/07 (o)(p)	$	5,900,000		5,898,361
Short-Term Investments of Cash Collateral for Securities Loaned (13.7%)
ACCR, Series 06-2 A1
5.36%, 6/27/08 (l)		146,868		146,868
Aegis Finance LLC
5.31%, 4/19/07		1,528,788		1,528,788
Banesto S.A./Madrid
5.33%, 4/19/07		799,887		799,887
Barclays Capital,
Repurchase Agreement
5.40%, 4/2/07 (r)		12,624,333		12,624,333
Bear Stearns Cos., Inc.
5.57%, 3/23/09 (l)		799,887		799,887
Cedar Springs Capital Co. LLC
5.33%, 4/25/07		1,114,861		1,114,861
CIT Group Holdings, Inc.
5.37%, 4/30/08 (l)		1,535,783		1,535,783
Citigroup Funding, Inc.
5.36%, 4/4/07		1,598,110		1,598,110
5.36%, 3/16/09 (l)		799,887		799,887
Comerica Bank
5.35%, 3/16/09		319,916		319,916
Concord Minutemen C.C. LLC, Series B
5.31%, 4/10/07		639,905		639,905
Corp. Andina de Fomento
5.31%, 4/12/07		1,268,787		1,268,787
Credit Industriel et Commercial
5.33%, 4/18/07		799,897		799,897
5.33%, 4/25/07		801,184		801,184
Crown Point Capital Co.
5.29%, 4/5/07		1,592,515		1,592,515
DekaBank Deutsche
5.38%, 4/30/08 (l)		831,883		831,883
DLJ/Pershing Division, Repurchase Agreement
5.54%, 4/2/07 (r)		799,887		799,887
Fenway Funding LLC
5.35%, 6/18/07		1,420,792		1,420,792
5.35%, 6/27/07		903,346		903,346
Fifth Third Bancorp
5.32%, 4/30/08 (l)		95,986		95,986
Goldman Sachs Group, Inc.
5.38%, 3/28/08 (l)		351,950		351,950
5.56%, 4/30/08 (l)		639,910		639,910
5.41%, 3/27/09 (l)		799,887		799,887
Hartford Life, Inc.
5.45%, 3/28/08 (l)		255,964		255,964
HSBC Finance Corp.
5.33%, 4/9/07		1,273,602		1,273,602
5.32%, 4/11/07		1,591,782		1,591,782
5.32%, 4/12/07		1,432,392		1,432,392
Kommunalkredit International Bank
5.34%, 4/6/07		1,578,463		1,578,463
Lehman Brothers, Inc.
5.56%, 6/29/07 (l)		111,984		111,984
MBIA Global Funding LLC
5.37%, 3/30/09 (l)		799,887		799,887
Mizuho Corporate Bank Ltd./London
5.34%, 4/10/07		543,923		543,923
5.34%, 4/23/07		639,910		639,910
Mizuho Corporate Bank Ltd./New York
5.31%, 4/10/07		799,887		799,887
Natexis Banques Populaires N.Y.
5.34%, 8/7/07 (l)		799,887		799,887

28

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AXA PREMIER VIP HEALTH CARE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2007 (Unaudited)

	Principal Amount			Value (Note 1)
5.37%, 1/28/08 (l)	$	959,865		$	959,865
National Bank of Canada
5.42%, 4/2/07		2,559,639			2,559,639
New York Life Insurance Co.
5.41%, 6/29/07 (l)		799,887			799,887
Norinchukin Bank N.Y
5.34%, 4/9/07		1,439,797			1,439,797
5.33%, 4/16/07		799,887			799,887
5.32%, 6/5/07		1,599,774			1,599,774
Park Sienna LLC
5.32%, 5/10/07		792,159			792,159
Raiffeisen Zentralbank
5.31%, 4/19/07		1,593,193			1,593,193
Rhein-Main Securitisaton Ltd.
5.35%, 7/16/07		1,212,022			1,212,022
Silver Tower U.S. Funding LLC
5.37%, 8/16/07		623,455			623,455
Total Short-Term Investments of Cash Collateral for Securities Loaned					54,421,608
Time Deposit (2.4%)
JPMorgan Chase Nassau
4.79%, 4/2/07		9,533,513			9,533,513
Total Short-Term Investments (17.6%) (Cost/Amortized Cost $69,854,301)					69,853,482
	Number of Contracts (c)
OPTIONS PURCHASED:
Call Options Purchased (0.1%)
AtheroGenics, Inc. April-2007 @ $12.50*		179			895
Celgene Corp. July-2007 @ $45.00*		1,136			187,440
Cephalon, Inc. April-2007 @ $65.00*		424			53,000
CV Therapeutics, Inc. April-2007 @ $15.00*		490			2,450
					243,785
Put Options Purchased (0.0%)
Nektar Therapeutics
May-2007 @ $12.50*		1,241			62,050
Vertex Pharmaceuticals, Inc.
July-2007 @ $30.00*		280			126,000
					188,050
Total Options Purchased (0.1%) (Cost $922,638)					431,835
Total Investments before Options Written (114.4%) (Cost/Amortized Cost $417,786,121)					452,940,063
OPTIONS WRITTEN:
Call Options Written (-0.0%)
Cephalon, Inc. April-2007 @ $75.00 (d)*		(424	)		(59,360	)
Mindray Medical International Ltd. July-2007 @ $30.00 (d)*		(230	)		(14,950	)
					(74,310	)
Put Options Written (-0.0%)
Celgene Corp. July-2007 @ $35.00*		(1,136	)		(39,760	)
Total Options Written (-0.0%) (Premiums Received $151,657)					(114,070	)
Total Investments after Options Written (114.4%) (Cost/Amortized Cost $417,634,464)					452,825,993
Other Assets Less Liabilities (-14.4%)					(56,906,128	)
Net Assets (100%)				$	395,919,865

* 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 March 31, 2007.

(o) Discount Note Security. Effective rate calculated as of March 31, 2007.

(p) Yield to maturity.

(r) The repurchase agreements are fully collateralized by U.S. government and/or agency obligations based on market prices at the date of this portfolio of investments.

Glossary:

ADR — American Depositary Receipt

Options written for the three months ended March 31, 2007 were as follows:

	Total Number of Contracts		Total Premiums Received
Options Outstanding—January 1, 2007	—		$	—
Options Written	8,143			803,557
Options Terminated in Closing Purchase Transactions	(5,719	)		(601,457	)
Options Expired	(634	)		(50,443	)
Options Exercised	—			—
Options Outstanding—March 31, 2007	1,790		$	151,657

29

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PORTFOLIO OF INVESTMENTS (Concluded)

March 31, 2007 (Unaudited)

Investment security transactions for the three months ended March 31, 2007 were as follows:

Cost of Purchases:
Stocks and long-term corporate debt securities	$	128,669,804
Net Proceeds of Sales and Redemptions:
Stocks and long-term corporate debt securities	$	141,290,129

As of March 31, 2007, 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	$	38,507,277
Aggregate gross unrealized depreciation		(11,482,345	)
Net unrealized appreciation	$	27,024,932
Federal income tax cost of investments	$	425,915,131

At March 31, 2007, the Portfolio had loaned securities with a total value of $53,602,330. This was secured by collateral of $54,421,608 which was received as cash and subsequently invested in short-term investments as reported in the portfolio of investments.

For the three months ended March 31, 2007, the Portfolio incurred approximately $4,188 as brokerage commissions with Sanford C. Bernstein & Co., Inc., an affiliated broker/dealer.

See Notes to Financial Statements.

30

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PORTFOLIO OF INVESTMENTS

March 31, 2007 (Unaudited)

	Principal Amount		Value (Note 1)
LONG-TERM DEBT SECURITIES:
Asset-Backed and Mortgage-Backed Securities (0.6%)
Asset-Backed Securities (0.6%)
Pegasus Aviation Lease Securitization, Series 01-1A A1
5.800%, 5/10/31 §(b)(l)	$	3,800,000	$	2,413,000
Triton Aviation Finance, Series 1A A1
6.090%, 6/15/25 §(b)(l)		11,350,127		10,101,613
Total Asset-Backed and Mortgage-Backed Securities				12,514,613
Consumer Discretionary (23.9%)
Auto Components (2.5%)
American Tire Distributors, Inc.
11.599%, 4/1/12 § (l)		4,300,000		4,300,000
11.599%, 4/1/12 (l)		1,500,000		1,500,000
ArvinMeritor, Inc.
8.750%, 3/1/12		3,810,000		3,933,825
Cooper-Standard Automotive, Inc.
7.000%, 12/15/12		3,325,000		3,100,562
Goodyear Tire & Rubber Co.
9.140%, 12/1/09 § (l)		3,300,000		3,312,375
11.250%, 3/1/11		4,900,000		5,383,875
8.625%, 12/1/11 §		2,000,000		2,150,000
9.000%, 7/1/15		2,750,000		3,018,125
Term Loan
8.140%, 4/10/10 §(b)		4,000,000		4,028,332
Tenneco, Inc.
8.625%, 11/15/14		6,300,000		6,567,750
Series B
10.250%, 7/15/13		6,300,000		6,867,000
TRW Automotive, Inc.
7.000%, 3/15/14 §		1,000,000		980,000
7.250%, 3/15/17 §		2,000,000		1,960,000
United Components, Inc.
9.375%, 6/15/13		3,000,000		3,105,000
				50,206,844
Automobiles (1.1%)
Ford Motor Co.
8.875%, 1/15/22		250,000		225,000
7.450%, 7/16/31		9,575,000		7,408,656
General Motors Corp.
7.125%, 7/15/13		2,700,000		2,524,500
8.250%, 7/15/23		9,800,000		8,820,000
8.100%, 6/15/24		800,000		706,000
7.400%, 9/1/25		3,500,000		2,852,500
				22,536,656
Distributors (1.2%)
Buhrmann U.S., Inc.
8.250%, 7/1/14		2,000,000		2,020,000
7.875%, 3/1/15		1,700,000		1,700,000
SGS International, Inc.
12.000%, 12/15/13		6,035,000		6,397,100
VWR International, Inc.
6.875%, 4/15/12		5,440,000		5,494,400
8.000%, 4/15/14		7,000,000		7,297,500
				22,909,000
Diversified Consumer Services (0.1%)
Service Corp. International
7.375%, 10/1/14		750,000		780,000
7.625%, 10/1/18		1,950,000		2,062,125
				2,842,125
Hotels, Restaurants & Leisure (4.0%)
American Real Estate Partners LP
7.125%, 2/15/13 §		3,700,000		3,653,750
AMF Bowling Worldwide, Inc.
10.000%, 3/1/10		5,000,000		5,225,000
Boyd Gaming Corp.
7.125%, 2/1/16		2,250,000		2,205,000
Buffets, Inc.
12.500%, 11/1/14		3,000,000		3,120,000
Choctaw Resort Development Enterprise, Inc.
7.250%, 11/15/19 §		3,876,000		3,900,225
El Pollo Loco, Inc.
11.750%, 11/15/13		4,000,000		4,400,000
Gaylord Entertainment Co.
8.000%, 11/15/13		3,000,000		3,071,250
Herbst Gaming, Inc.
8.125%, 6/1/12		2,800,000		2,828,000
7.000%, 11/15/14		500,000		482,500
MGM MIRAGE
6.750%, 4/1/13		2,425,000		2,406,812
6.625%, 7/15/15		5,375,000		5,160,000
6.875%, 4/1/16		1,825,000		1,774,813
Mirage Resorts, Inc.
7.250%, 8/1/17		2,000,000		2,010,000
Resorts International Hotel and Casino, Inc.
11.500%, 3/15/09		4,372,000		4,634,320
Riviera Holdings Corp.
11.000%, 6/15/10		5,779,000		6,024,607
Royal Caribbean Cruises Ltd.
7.250%, 3/15/18		3,000,000		3,054,222
Six Flags, Inc., Term Loan B
8.610%, 6/30/09 §(b)(l)		1,979,644		1,993,666
8.610%, 6/30/09 (l)		5,089		5,125
Station Casinos, Inc.
6.000%, 4/1/12		200,000		193,750
6.500%, 2/1/14		250,000		230,000
6.875%, 3/1/16		4,235,000		3,880,319
7.750%, 8/15/16		2,975,000		3,053,094
Turning Stone Resort Casino Enterprise
9.125%, 12/15/10 §		4,075,000		4,136,125
Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp.
6.625%, 12/1/14		12,250,000		12,127,500
				79,570,078
Household Durables (0.8%)
Blyth, Inc.
5.500%, 11/1/13		6,750,000		5,872,500
KB Home
7.750%, 2/1/10		2,260,000		2,231,750
9.500%, 2/15/11		3,841,000		3,937,025
Legrand France S.A.
8.500%, 2/15/25		3,000,000		3,525,000
				15,566,275
Leisure Equipment & Products (0.1%)
Eastman Kodak Co., Term B Loan
7.570%, 10/14/12 § (l)		981,199		982,425
7.570%, 10/18/12 § (l)		100,000		100,125
TDS Investor Corp.
9.985%, 9/1/14 §		1,000,000		1,020,000
				2,102,550
Media (11.9%)
Advanstar Communications, Inc.
10.750%, 8/15/10		3,925,000		4,248,812
Series B
12.000%, 2/15/11		1,000,000		1,042,500

31

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PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2007 (Unaudited)

	Principal Amount		Value (Note 1)
Allbritton Communications Co.
7.750%, 12/15/12	$	6,775,000	$	6,944,375
AMC Entertainment, Inc.
8.000%, 3/1/14		2,000,000		2,035,000
Series B
8.625%, 8/15/12		1,780,000		1,886,800
Block Communications, Inc.
8.250%, 12/15/15 §		5,000,000		5,075,000
CanWest MediaWorks, Inc.
8.000%, 9/15/12		2,970,000		3,073,950
CCH I Holdings LLC/CCH I Holdings Capital Corp.
11.000%, 10/1/15		5,275,000		5,472,812
CCO Holdings LLC/CCO Holdings Capital Corp.
8.750%, 11/15/13		13,100,000		13,558,500
Charter Communications Holdings II LLC/ Charter Communications Holdings II Capital Corp.
10.250%, 9/15/10		5,300,000		5,591,500
Charter Communications Holdings LLC, Term Loan
7.985%, 4/25/13 §		3,000,000		2,993,157
Cinemark, Inc.
0.000%, 3/15/14 (e)		8,600,000		7,869,000
CMP Susquehanna Corp.
9.875%, 5/15/14 §		5,500,000		5,637,500
CSC Holdings, Inc.
6.750%, 4/15/12 §		2,950,000		2,927,875
(When Issued)
6.750%, 4/15/12		525,000		521,063
Series B
7.625%, 4/1/11		3,675,000		3,766,875
Dex Media West LLC/ Dex Media Finance Co.,
Series B
8.500%, 8/15/10		2,698,000		2,822,783
9.875%, 8/15/13		5,725,000		6,247,406
Dex Media, Inc.
0.000%, 11/15/13 (e)		9,815,000		9,140,219
DirecTV Holdings LLC/ DirecTV Financing Co.
8.375%, 3/15/13		325,000		342,469
Echostar DBS Corp.
7.000%, 10/1/13		5,125,000		5,278,750
6.625%, 10/1/14		2,600,000		2,616,250
7.125%, 2/1/16		7,700,000		7,950,250
Gallery Capital S.A.
10.125%, 5/15/13 §		3,550,000		3,443,500
Idearc, Inc.
8.000%, 11/15/16 §		5,300,000		5,452,375
Insight Communications Co., Inc.
12.250%, 2/15/11 (e)		7,200,000		7,524,000
Intelsat Bermuda Ltd.
9.250%, 6/15/16 §		5,250,000		5,814,375
Intelsat Corp.
9.000%, 6/15/16 §		2,000,000		2,202,500
Intelsat Subsidiary Holding Co., Ltd.
8.250%, 1/15/13		3,250,000		3,388,125
8.625%, 1/15/15		6,825,000		7,302,750
Interpublic Group of Cos., Inc.
6.250%, 11/15/14		1,175,000		1,104,500
Kabel Deutschland GmbH
10.625%, 7/1/14		4,000,000		4,460,000
LBI Media, Inc.
10.125%, 7/15/12		4,840,000		5,082,000
Lighthouse International Co. S.A.
8.000%, 4/30/14 §(b)		4,405,000		6,001,749
8.000%, 4/30/14 (m)	EUR	75,000		108,705
Network Communications, Inc.
10.750%, 12/1/13	$	6,300,000		6,433,875
Primedia, Inc.
8.875%, 5/15/11		1,300,000		1,335,750
8.000%, 5/15/13		700,000		724,500
R.H. Donnelley Corp., Series A-3
8.875%, 1/15/16		8,500,000		9,031,250
Readers Digest Association, Inc.
9.000%, 2/15/17 §		6,500,000		6,256,250
Rogers Cable, Inc.
6.750%, 3/15/15		1,750,000		1,811,250
8.750%, 5/1/32		1,500,000		1,852,500
Telenet Communications N.V.
9.000%, 12/15/13 §	EUR	242,775		355,121
Unity Media GmbH
10.125%, 2/15/15 §		1,750,000		2,568,589
10.375%, 2/15/15 §	$	7,250,000		7,685,000
Umbrella Acquisition, Inc. (PIK)
9.750%, 3/15/15 §		9,260,000		9,225,275
UPC Broadband Holdings B.V., Bank Debt
6.103%, 3/31/13 § (l)	EUR	883,333		1,186,182
6.103%, 12/31/13 § (l)		1,000,000		1,342,951
UPC Holding B.V.
7.750%, 1/15/14 (b)(m)		925,000		1,260,375
8.625%, 1/15/14 (b)(m)		2,500,000		3,498,257
8.625%, 1/15/14 §		9,500,000		13,293,377
Visant Corp.
7.625%, 10/1/12	$	3,065,000		3,118,637
WMG Holdings Corp.
0.000%, 12/15/14 (e)		8,541,000		6,533,865
				236,440,429
Multiline Retail (0.3%)
Bon-Ton Department Stores, Inc.
10.250%, 3/15/14		4,725,000		5,073,469
Saks, Inc.
8.250%, 11/15/08		714		744
				5,074,213
Specialty Retail (0.3%)
Group 1 Automotive, Inc.
8.250%, 8/15/13		1,700,000		1,763,750
Pep Boys - Manny, Moe & Jack
7.500%, 12/15/14		3,640,000		3,521,700
				5,285,450
Textiles, Apparel & Luxury Goods (1.6%)
Levi Strauss & Co.
10.099%, 4/1/12 (l)		7,805,000		7,961,100
Perry Ellis International, Inc., Series B
8.875%, 9/15/13		7,325,000		7,508,125
Quicksilver, Inc.
6.875%, 4/15/15		5,075,000		4,783,188
Rafaella Apparel Group, Inc., Series B
11.250%, 6/15/11		6,707,000		6,841,140

32

AXA PREMIER VIP TRUST

AXA PREMIER VIP HIGH YIELD PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2007 (Unaudited)

	Principal Amount		Value (Note 1)
Simmons Co.
7.875%, 1/15/14	$	5,400,000	$	5,535,000
				32,628,553
Total Consumer Discretionary				475,162,173
Consumer Staples (3.6%)
Food & Staples Retailing (1.4%)
Albertson’s, Inc.
7.750%, 6/15/26		4,000,000		4,050,904
7.450%, 8/1/29		3,500,000		3,443,065
American Stores Co.
8.000%, 6/1/26		1,000,000		1,072,426
Delhaize America, Inc.
9.000%, 4/15/31		5,205,000		6,253,917
Ingles Markets, Inc.
8.875%, 12/1/11		4,723,000		4,911,920
Rite Aid Corp.
8.625%, 3/1/15		6,300,000		5,969,250
Roundy’s, Inc., Term Loan
8.070%, 10/27/11 §(b)		3,713		3,735
8.090%, 10/27/11 §(b)		1,481,288		1,490,175
				27,195,392
Food Products (0.1%)
Dole Food Co., Inc.
7.250%, 6/15/10		51,000		48,705
Pilgrim’s Pride Corp.
7.625%, 5/1/15		2,150,000		2,144,625
8.375%, 5/1/17		500,000		493,750
				2,687,080
Household Products (1.4%)
American Achievement Corp.
8.250%, 4/1/12		9,035,000		9,215,700
Amscan Holding, Inc.
8.750%, 5/1/14		5,475,000		5,379,188
Prestige Brands, Inc.
9.250%, 4/15/12		7,769,000		8,040,915
Visant Holding Corp.
0.000%, 12/1/13 (e)		6,025,000		5,573,125
				28,208,928
Personal Products (0.3%)
NBTY, Inc.
7.125%, 10/1/15		5,000,000		5,031,250
Tobacco (0.4%)
Reynolds American, Inc.
7.625%, 6/1/16		3,275,000		3,484,046
7.750%, 6/1/18		4,450,000		4,801,586
				8,285,632
Total Consumer Staples				71,408,282
Energy (6.5%)
Energy Equipment & Services (0.6%)
Compagnie Generale de Geophysique
7.500%, 5/15/15		300,000		309,000
Complete Production Services, Inc.
8.000%, 12/15/16 §		2,600,000		2,665,000
Dresser-Rand Group, Inc.
7.375%, 11/1/14		2,091,000		2,132,820
Hanover Equipment Trust, Series 01-B
8.750%, 9/1/11		1,790,000		1,861,600
Seitel, Inc.
9.750%, 2/15/14 §		4,136,000		4,187,700
				11,156,120
Oil, Gas & Consumable Fuels (5.9%)
Chesapeake Energy Corp.
7.000%, 8/15/14		3,875,000		3,991,250
7.750%, 1/15/15		1,500,000		1,563,750
6.625%, 1/15/16		1,000,000		1,007,500
6.875%, 1/15/16		3,675,000		3,720,938
Colorado Interstate Gas Co.
6.800%, 11/15/15		875,000		930,548
El Paso Corp.
8.050%, 10/15/30		3,500,000		3,972,500
El Paso Production Holding Co.
7.750%, 6/1/13		10,950,000		11,442,750
Ferrellgas Escrow LLC/ Ferrellgas Finance Escrow Corp.
6.750%, 5/1/14		5,560,000		5,448,800
Ferrellgas LP
7.240%, 8/1/10		9,000,000		9,000,000
Ferrellgas Partners LP/ Ferrellgas Partners Finance Corp.
8.750%, 6/15/12		3,775,000		3,916,562
Holly Energy Partners LP
6.250%, 3/1/15		2,000,000		1,910,000
Inergy LP/Inergy Finance Corp.
6.875%, 12/15/14		1,150,000		1,132,750
8.250%, 3/1/16		6,830,000		7,171,500
Newfield Exploration Co.
6.625%, 9/1/14		1,000,000		1,000,000
6.625%, 4/15/16		1,800,000		1,800,000
Paramount Resources Ltd.
8.500%, 1/31/13		8,000,000		7,980,000
Peabody Energy Corp., Series B
6.875%, 3/15/13		2,350,000		2,391,125
PetroHawk Energy Corp.
9.125%, 7/15/13		4,725,000		5,032,125
Plains Exploration & Production Co.,
7.000%, 3/15/17		450,000		452,250
Pogo Producing Co.
7.875%, 5/1/13		1,350,000		1,360,125
Range Resources Corp.
7.500%, 5/15/16		1,500,000		1,545,000
Stone Energy Corp.
8.250%, 12/15/11		3,400,000		3,387,250
Tennessee Gas Pipeline Co.
7.500%, 4/1/17		875,000		976,052
Venoco, Inc., Bank Loan
9.875%, 4/26/11		5,250,000		5,292,656
VeraSun Energy Corp.
9.875%, 12/15/12		7,500,000		7,818,750
Williams Cos., Inc.
7.875%, 9/1/21		16,250,000		17,875,000
8.750%, 3/15/32		200,000		230,500
Series A
7.500%, 1/15/31		5,150,000		5,459,000
				117,808,681
Total Energy				128,964,801
Financials (11.3%)
Capital Markets (0.6%)
Basell AF SCA
8.375%, 8/15/15 §		5,000,000		5,212,500
E*Trade Financial Corp.
8.000%, 6/15/11		5,000,000		5,262,500
7.375%, 9/15/13		1,450,000		1,515,250
				11,990,250
Consumer Finance (3.6%)
Ford Motor Credit Co.
7.375%, 10/28/09		1,750,000		1,746,784
9.750%, 9/15/10 §		2,500,000		2,633,355
7.375%, 2/1/11		20,215,000		19,882,120
9.875%, 8/10/11		2,450,000		2,594,560
7.250%, 10/25/11		2,000,000		1,943,806
8.110%, 1/13/12 (l)		2,750,000		2,688,188

33

AXA PREMIER VIP TRUST

AXA PREMIER VIP HIGH YIELD PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2007 (Unaudited)

	Principal Amount		Value (Note 1)
9.810%, 4/15/12 (l)	$	2,650,000	$	2,809,511
7.000%, 10/1/13		2,500,000		2,323,967
8.000%, 12/15/16		12,460,000		11,989,548
GMAC LLC
6.000%, 4/1/11		3,070,000		2,985,796
6.875%, 9/15/11		3,040,000		3,042,946
7.000%, 2/1/12		430,000		432,027
6.875%, 8/28/12		3,500,000		3,485,898
6.750%, 12/1/14		4,000,000		3,932,368
8.000%, 11/1/31		8,225,000		8,818,384
				71,309,258
Diversified Financial Services (6.2%)
AES Ironwood LLC
8.857%, 11/30/25		6,419,804		7,222,279
AES Red Oak LLC, Series A
8.540%, 11/30/19		1,673,298		1,819,711
Altra Industrial Motion, Inc.
9.000%, 12/1/11		3,500,000		3,640,000
Amadeus-Halde, Term Loan
6.617%, 4/8/13 §(b)(l)	EUR	2,000,000		2,698,601
BCP Crystal U.S. Holdings Corp.
9.625%, 6/15/14	$	7,242,000		8,226,333
Bluewater Finance Ltd.
10.250%, 2/15/12		1,475,000		1,537,688
C10 Capital SPV Ltd.
6.722%, 12/31/49 § (l)		3,000,000		2,953,830
Crystal U.S. Holdings 3 LLC/ Crystal U.S. Sub 3 Corp., Series B
0.000%, 10/1/14 (e)		10,500,000		9,751,875
Hawker Beechcraft Acquisition Co. LLC/ Hawker Beechcraft Notes Co.
8.500%, 4/1/15 §		2,000,000		2,077,500
9.750%, 4/1/17 §		2,000,000		2,090,000
K&F Acquisition, Inc.
7.750%, 11/15/14		1,550,000		1,646,875
KRATON Polymers LLC/ KRATON Polymers Capital Corp.
8.125%, 1/15/14		4,875,000		4,881,094
Pinnacle Foods Finance LLC/ Pinnacle Foods Finance Corp.
9.250%, 4/1/15 §		3,425,000		3,365,063
10.625%, 4/1/17 §		5,725,000		5,631,969
Pipe Acquisition Finance plc
11.604%, 12/15/10 § (l)		6,500,000		6,678,750
PNA Intermediate Holding Corp.
12.360%, 2/15/13 § (l)		5,750,000		5,893,750
Rainbow National Services LLC
10.375%, 9/1/14 §		10,518,000		11,767,012
Sally Holdings LLC
9.250%, 11/15/14 §		3,925,000		4,032,938
Smurfit Kappa Funding plc
9.625%, 10/1/12		3,868,000		4,109,750
10.125%, 10/1/12	EUR	1,350,000		1,936,398
7.750%, 4/1/15	$	350,000		357,000
Susser Holdings LLC
10.625%, 12/15/13		4,018,000		4,384,642
TRAINS, Series HY-1-2006
7.548%, 5/1/16 §		10,425,000		10,600,348
Universal City Development Partners Ltd.
11.750%, 4/1/10		525,000		555,844
Universal City Florida Holding Co. I/II
8.375%, 5/1/10		4,150,000		4,279,687
10.110%, 5/1/10 (l)		2,600,000		2,681,250
Yankee Acquisition Corp.
8.500%, 2/15/15 §		7,450,000		7,543,125
				122,363,312
Real Estate Investment Trusts (REITs) (0.8%)
Host Marriott LP (REIT)
7.125%, 11/1/13		2,825,000		2,888,562
Series O (REIT)
6.375%, 3/15/15		1,325,000		1,315,063
Series Q (REIT)
6.750%, 6/1/16		2,650,000		2,669,875
Thornburg Mortgage, Inc. (REIT)
8.000%, 5/15/13		3,900,000		3,861,000
Ventas Realty LP/ Ventas Capital Corp. (REIT)
8.750%, 5/1/09		1,850,000		1,961,000
9.000%, 5/1/12		1,200,000		1,350,000
7.125%, 6/1/15		1,300,000		1,361,750
6.750%, 4/1/17		625,000		646,875
				16,054,125
Real Estate Management & Development (0.1%)
Forest City Enterprises, Inc.
7.625%, 6/1/15		1,650,000		1,678,875
6.500%, 2/1/17		750,000		729,375
				2,408,250
Total Financials				224,125,195
Health Care (7.4%)
Biotechnology (0.4%)
Angiotech Pharmaceuticals, Inc.
9.110%, 12/1/13 § (l)		5,800,000		5,923,250
Quintiles Transnational Corp., Term Loan
9.350%, 3/31/14		1,500,000		1,518,750
				7,442,000
Health Care Equipment & Supplies (0.8%)
Accellent, Inc.
10.500%, 12/1/13		8,000,000		8,280,000
Fresenius Medical Care Capital Trust II
7.875%, 2/1/08		8,120,000		8,221,500
				16,501,500
Health Care Providers & Services (5.4%)
Chemed Corp.
8.750%, 2/24/11		6,170,000		6,416,800
DaVita, Inc.
7.250%, 3/15/15		7,850,000		7,938,313
Hanger Orthopedic Group, Inc.
10.250%, 6/1/14		7,250,000		7,703,125
HCA, Inc.
6.750%, 7/15/13		8,975,000		8,279,438
7.190%, 11/15/15		1,700,000		1,499,492
9.250%, 11/15/16 §		10,730,000		11,574,987
7.690%, 6/15/25		3,200,000		2,758,525
(PIK)
9.625%, 11/15/16 §		11,500,000		12,420,000
HEALTHSOUTH Corp., Term Loan
8.610%, 2/2/13 §(b)(l)		3,731,250		3,746,939
Rotech Healthcare, Inc.
9.500%, 4/1/12		6,650,000		6,583,500
Skilled Healthcare Group, Inc.
11.000%, 1/15/14 §		8,500,000		9,456,250
Tenet Healthcare Corp.
7.375%, 2/1/13		5,125,000		4,759,844
9.875%, 7/1/14		350,000		353,500

34

AXA PREMIER VIP TRUST

AXA PREMIER VIP HIGH YIELD PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2007 (Unaudited)

	Principal Amount		Value (Note 1)
Triad Hospitals, Inc.
7.000%, 11/15/13	$	5,475,000	$	5,714,531
U.S. Oncology Holdings, Inc.
10.580%, 3/15/15 (l)		1,400,000		1,428,000
(PIK)
9.797%, 3/15/12 §		4,100,000		4,141,000
U.S. Oncology, Inc.
10.750%, 8/15/14		10,460,000		11,662,900
				106,437,144
Pharmaceuticals (0.8%)
Argatroban Rty
12.000%, 9/30/14		6,000,000		6,000,000
Elan Finance plc/Elan Finance Corp.
8.875%, 12/1/13 §		6,400,000		6,504,000
9.485%, 12/1/13 § (l)		3,925,000		3,983,875
				16,487,875
Total Health Care				146,868,519
Industrials (9.3%)
Aerospace & Defense (1.8%)
Alion Science and Technology Corp.
10.250%, 2/1/15 §		8,000,000		8,240,000
Armor Holdings, Inc.
8.250%, 8/15/13		2,100,000		2,205,000
BE Aerospace, Inc., Series B
8.875%, 5/1/11		5,550,000		5,723,437
Bombardier, Inc.
8.000%, 11/15/14 §		7,000,000		7,245,000
DRS Technologies, Inc.
7.625%, 2/1/18		2,500,000		2,600,000
L-3 Communications Corp.
7.625%, 6/15/12		5,800,000		5,974,000
Series B
6.375%, 10/15/15		1,000,000		991,250
TransDigm, Inc.
7.750%, 7/15/14		2,000,000		2,065,000
				35,043,687
Airlines (0.1%)
Continental Airlines, Inc.,
Series 01-1
7.373%, 12/15/15		1,263,006		1,269,321
United AirLines, Inc., Series 00-2
7.032%, 10/1/10		996,800		1,011,752
				2,281,073
Building Products (1.0%)
Builders FirstSource, Inc.
9.610%, 2/15/12 (l)		6,500,000		6,597,500
Nortek, Inc.
8.500%, 9/1/14		5,940,000		5,776,650
RBS Global, Inc., & Rexnord Corp.
9.500%, 8/1/14		5,500,000		5,720,000
11.750%, 8/1/16		2,500,000		2,684,375
				20,778,525
Commercial Services & Supplies (2.2%)
Allied Waste North America, Inc.
7.875%, 4/15/13		3,150,000		3,268,125
7.250%, 3/15/15		9,145,000		9,327,900
9.250%, 5/1/21		944,000		1,024,240
Series B
9.250%, 9/1/12		1,250,000		1,318,750
Aramark Corp.
8.500%, 2/1/15 §		5,725,000		5,954,000
Cardtronics, Inc.
9.250%, 8/15/13		5,250,000		5,512,500
Corrections Corp. of America
7.500%, 5/1/11		3,000,000		3,082,500
Ford Holdings, Inc.
9.300%, 3/1/30		1,700,000		1,508,750
Knowledge Learning Corp., Inc.
7.750%, 2/1/15 §		6,610,000		6,494,325
MSX International GmbH
12.500%, 4/1/12 § (b)		2,500,000		2,509,375
Sheridan Group, Inc.
10.250%, 8/15/11		3,000,000		3,138,750
				43,139,215
Construction & Engineering (0.6%)
Ahern Rentals, Inc.
9.250%, 8/15/13		4,400,000		4,592,500
Esco Corp.
8.625%, 12/15/13 §		7,250,000		7,685,000
				12,277,500
Electrical Equipment (0.6%)
Polypore, Inc.
8.750%, 5/15/12	EUR	5,000,000		6,913,024
Superior Essex Communications LLC/Essex Group, Inc.
9.000%, 4/15/12	$	5,500,000		5,678,750
				12,591,774
Industrial Conglomerates (0.5%)
Covalence Specialty Materials Corp.
10.250%, 3/1/16 §		6,250,000		6,250,000
Sequa Corp.
9.000%, 8/1/09		2,573,000		2,714,515
				8,964,515
Machinery (1.6%)
Accuride Corp.
8.500%, 2/1/15		5,762,000		5,805,215
Case New Holland, Inc.
9.250%, 8/1/11		8,230,000		8,641,500
Stewart & Stevenson LLC
10.000%, 7/15/14 §		4,750,000		4,975,625
Terex Corp.
7.375%, 1/15/14		5,710,000		5,881,300
Trimas Corp.
9.875%, 6/15/12		4,141,000		4,135,824
Trinity Industries, Inc.
6.500%, 3/15/14		2,325,000		2,301,750
				31,741,214
Marine (0.2%)
Horizon Lines LLC
9.000%, 11/1/12		2,837,000		2,978,850
Road & Rail (0.7%)
Hertz Corp.
8.875%, 1/1/14		6,950,000		7,488,625
Term B Loan
7.070%, 12/21/12 § (l)		1,168,949		1,177,077
Term DD Loan
7.090%, 12/21/12 § (l)		75,495		76,020
Term Loan
5.350%, 12/21/12 § (l)		222,222		223,767
Kansas City Southern de Mexico S.A. de C.V.
9.375%, 5/1/12		2,350,000		2,526,250
United Rentals North America, Inc.
7.750%, 11/15/13		3,150,000		3,236,625
				14,728,364
Total Industrials				184,524,717
Information Technology (5.1%)
Communications Equipment (0.2%)
Nortel Networks Ltd.
9.610%, 7/15/11 § (l)		1,000,000		1,070,000

35

AXA PREMIER VIP TRUST

AXA PREMIER VIP HIGH YIELD PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2007 (Unaudited)

	Principal Amount		Value (Note 1)
10.125%, 7/15/13 §	$	1,650,000	$	1,810,875
10.750%, 7/15/16 §		950,000		1,054,500
				3,935,375
Computers & Peripherals (0.5%)
Compucom Systems, Inc.
12.000%, 11/1/14 §		8,000,000		8,540,000
Solar Capital Corp., Term Loan
7.360%, 2/11/13 §		1,979,900		2,002,174
				10,542,174
Electronic Equipment & Instruments (1.1%)
Celestica, Inc.
7.875%, 7/1/11		6,535,000		6,322,613
7.625%, 7/1/13		1,700,000		1,589,500
NXP B.V./NXP Funding LLC
9.500%, 10/15/15 §		5,700,000		5,885,250
Sanmina-SCI Corp.
8.125%, 3/1/16		3,375,000		3,172,500
Solectron Global Finance Ltd.
8.000%, 3/15/16		3,700,000		3,690,750
				20,660,613
IT Services (1.2%)
Iron Mountain, Inc.
8.625%, 4/1/13		4,253,000		4,376,337
6.625%, 1/1/16		4,000,000		3,860,000
SunGard Data Systems, Inc.
9.125%, 8/15/13		11,535,000		12,371,287
10.250%, 8/15/15		3,000,000		3,273,750
				23,881,374
Office Electronics (0.2%)
Xerox Capital Trust I
8.000%, 2/1/27		3,800,000		3,876,000
Semiconductors & Semiconductor Equipment (1.6%)
Amkor Technologies, Inc.
7.750%, 5/15/13		7,000,000		6,860,000
9.250%, 6/1/16		1,250,000		1,303,125
Freescale Semiconductor, Inc.
8.875%, 12/15/14 §		6,775,000		6,783,469
(PIK)
9.125%, 12/15/14 §		10,875,000		10,793,437
Sensata Technologies
8.000%, 5/1/14		5,975,000		5,937,656
				31,677,687
Software (0.3%)
UGS Corp.
10.000%, 6/1/12		6,000,000		6,562,500
Total Information Technology				101,135,723
Materials (12.0%)
Chemicals (5.2%)
Arco Chemical Co.
10.250%, 11/1/10		100,000		111,000
Chemtura Corp.
6.875%, 6/1/16		300,000		290,250
Cognis Holdings GmbH (PIK)
12.876%, 1/15/15 §	EUR	9,551,133		13,093,802
Equistar Chemicals LP/ Equistar Funding Corp.
10.625%, 5/1/11	$	8,332,000		8,790,260
Ferro Corp., Term Loan
8.070%, 6/6/12 (l)		3,388,889		3,382,534
Headwaters, Inc.,
Term B Loan
7.320%, 4/30/11 §(b)(l)		1,704,545		1,707,741
Hercules, Inc.
6.750%, 10/15/29		4,650,000		4,650,000
Hexion U.S. Finance Corp./ Hexion Nova Scotia Finance ULC
9.750%, 11/15/14 §		5,050,000		5,296,187
Huntsman LLC
11.625%, 10/15/10		1,550,000		1,679,813
11.500%, 7/15/12		2,734,000		3,055,245
Ineos Group Holdings plc
8.500%, 2/15/16 §		14,325,000		13,716,187
Term B Loan
7.580%, 10/7/13 §(b)		990,000		1,000,313
Term C Loan
8.080%, 10/7/14 §(b)		990,000		1,000,313
Lyondell Chemical Co.
8.000%, 9/15/14		2,900,000		3,037,750
8.250%, 9/15/16		2,600,000		2,782,000
Nalco Co.
7.750%, 11/15/11		2,850,000		2,921,250
8.875%, 11/15/13		2,650,000		2,815,625
Nova Chemicals Ltd.
8.502%, 11/15/13 (l)		6,204,000		6,172,980
Phibro Animal Health Corp.
13.000%, 8/1/14 §		5,850,000		6,259,500
PQ Corp.
7.500%, 2/15/13		3,500,000		3,535,000
Reichhold Industries, Inc.
9.000%, 8/15/14 §		2,470,000		2,531,750
Rhodia S.A.
8.875%, 6/1/11		8,703,000		9,072,877
Rockwood Specialties Group, Inc.
7.500%, 11/15/14		4,680,000		4,750,200
SigmaKalon, Term A Loan
5.480%, 6/30/12 §(b)	EUR	954,315		1,269,813
				102,922,390
Containers & Packaging (3.1%)
Berry Plastics Holding Corp.
8.875%, 9/15/14	$	4,375,000		4,473,438
Crown Americas LLC/
Crown Americas Capital Corp.
7.625%, 11/15/13		875,000		900,156
7.750%, 11/15/15		3,700,000		3,848,000
Graham Packaging Co., Inc.
8.500%, 10/15/12		7,125,000		7,231,875
Impress Holdings B.V.
9.250%, 9/15/14 §	EUR	6,500,000		9,160,591
Jefferson Smurfit Corp.
8.250%, 10/1/12	$	6,102,000		6,102,000
JSG Packaging Ltd.
Term B Loan
6.234%, 11/29/13 § (l)		154,513		207,970
6.343%, 11/29/13 § (l)		103,008		138,647
6.362%, 11/29/13 § (l)		116,205		156,408
6.396%, 11/29/13 § (l)		200,294		269,590
Term C Loan
6.734%, 11/29/14 § (l)		154,513		208,889
6.757%, 11/29/14 § (l)		103,008		139,259
6.862%, 11/29/14 § (l)		116,205		157,099
6.896%, 11/29/14 § (l)		200,294		270,781
Kappa Jefferson,
Term B Loan
6.335%, 2/1/11 (l)		375,981		506,060
Term C Loan
6.835%, 10/25/11 (l)		375,981		508,297
Norampac, Inc.
6.750%, 6/1/13		1,675,000		1,656,156

36

AXA PREMIER VIP TRUST

AXA PREMIER VIP HIGH YIELD PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2007 (Unaudited)

	Principal Amount		Value (Note 1)
Owens-Brockway Glass Container, Inc.
8.875%, 2/15/09	$	4,676,000	$	4,769,520
8.750%, 11/15/12		4,104,000		4,319,460
8.250%, 5/15/13		3,550,000		3,700,875
6.750%, 12/1/14		4,425,000		4,380,750
Russell-Stanley Holdings, Inc.
9.000%, 11/30/08 §†(b)(h)		729,508		11,855
Smurfit-Stone Container Enterprises, Inc.
8.375%, 7/1/12		2,675,000		2,681,688
8.000%, 3/15/17 §		800,000		782,000
Tekni-Plex, Inc.
9.750%, 11/15/13 §		4,750,000		4,750,000
				61,331,364
Metals & Mining (1.7%)
Alpha Natural Resources LLC/ Alpha Natural Resources Capital Corp.
10.000%, 6/1/12		4,975,000		5,348,125
Compass Minerals International, Inc., Series B
0.000%, 6/1/13 (e)		6,461,000		6,283,323
Edgen Acquisition Corp.
9.875%, 2/1/11		5,982,000		6,116,595
Freeport-McMoran Copper & Gold, Inc.
8.250%, 4/1/15		3,825,000		4,116,656
8.375%, 4/1/17		6,925,000		7,487,656
Neenah Corp.
9.500%, 1/1/17 §		3,300,000		3,300,000
Novelis, Inc.
7.250%, 2/15/15		1,215,000		1,284,863
				33,937,218
Paper & Forest Products (2.0%)
Abitibi-Consolidated Co. of Canada
8.375%, 4/1/15		1,800,000		1,692,000
Abitibi-Consolidated, Inc.
8.550%, 8/1/10		1,250,000		1,265,625
Bowater Canada Finance Corp.
7.950%, 11/15/11		2,900,000		2,820,250
Cascades, Inc.
7.250%, 2/15/13		3,000,000		3,000,000
Georgia-Pacific Corp.
7.125%, 1/15/17 §		1,500,000		1,503,750
8.000%, 1/15/24		5,480,000		5,507,400
7.375%, 12/1/25		6,600,000		6,369,000
7.250%, 6/1/28		3,050,000		2,912,750
7.750%, 11/15/29		800,000		792,000
Term Loan B
7.100%, 12/24/12 (l)		170,476		171,272
7.340%, 12/24/12 (l)		1,809,524		1,817,973
Neenah Paper, Inc.
7.375%, 11/15/14		2,750,000		2,653,750
Newark Group, Inc.
9.750%, 3/15/14		3,900,000		4,065,750
Smurfit Capital Funding plc
7.500%, 11/20/25		300,000		306,000
Verso Paper Holdings LLC/ Verson Paper, Inc.
9.125%, 8/1/14 §		4,350,000		4,524,000
				39,401,520
Total Materials				237,592,492
Telecommunication Services (6.9%)
Diversified Telecommunication Services (5.6%)
Cincinnati Bell, Inc.
7.250%, 7/15/13		3,825,000		3,968,437
8.375%, 1/15/14		6,625,000		6,774,062
Citizens Communications Co.
7.125%, 3/15/19 §		2,900,000		2,871,000
7.875%, 1/15/27 §		1,000,000		1,022,500
9.000%, 8/15/31		3,490,000		3,821,550
Digicel Group Ltd. (PIK)
9.125%, 1/15/15 §		6,800,000		6,511,000
Hawaiian Telcom Communications, Inc., Series B
9.750%, 5/1/13		4,425,000		4,579,875
Insight Midwest LP/ Insight Capital, Inc.
9.750%, 10/1/09		2,595,000		2,637,169
Level 3 Financing, Inc.
8.750%, 2/15/17 §		10,000,000		10,075,000
Nordic Telephone Co. Holdings ApS
8.250%, 5/1/16 §(b)	EUR	3,500,000		5,096,268
8.875%, 5/1/16 §	$	200,000		214,000
Term Loan
6.079%, 11/30/14 §(b)	EUR	1,000,000		1,348,680
6.579%, 11/30/14 §(b)		1,000,000		1,354,199
Qwest Communications International, Inc.
8.860%, 2/15/09 (l)	$	2,000,000		2,020,000
7.500%, 2/15/14		14,050,000		14,471,500
Series B
7.500%, 2/15/14		5,657,000		5,826,710
Qwest Corp.
8.875%, 3/15/12		7,400,000		8,177,000
7.625%, 6/15/15		475,000		507,063
7.500%, 6/15/23		6,000,000		6,097,500
7.200%, 11/10/26		1,600,000		1,620,000
Time Warner Telecom Holdings, Inc.
9.250%, 2/15/14		6,500,000		6,955,000
Virgin Media Finance plc
8.750%, 4/15/14	EUR	1,000,000		1,439,378
9.125%, 8/15/16	$	4,000,000		4,220,000
West Corp.
9.500%, 10/15/14 §		7,400,000		7,659,000
Wind Acquisition Finance S.A.
10.750%, 12/1/15 §		1,600,000		1,832,000
Windstream Corp.
8.625%, 8/1/16		1,100,000		1,203,125
				112,302,016
Wireless Telecommunication Services (1.3%)
American Cellular Corp., Series B
10.000%, 8/1/11		597,000		632,074
Cell C Pty Ltd.
11.000%, 7/1/15 §(b)		5,000,000		5,050,000
Centennial Cellular Corp./ Centennial Cellular Operating Co. LLC
10.750%, 12/15/08		5,000,000		5,012,500
Mobile Telesystems Finance S.A.
8.375%, 10/14/10 (b)(m)		1,000,000		1,059,030
8.000%, 1/28/12 §		1,150,000		1,216,125
Nextel Communications, Inc., Series D
7.375%, 8/1/15		6,525,000		6,748,801
Rural Cellular Corp.
9.875%, 2/1/10		2,925,000		3,085,875

37

AXA PREMIER VIP TRUST

AXA PREMIER VIP HIGH YIELD PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2007 (Unaudited)

	Principal Amount		Value (Note 1)
Stratos Global Corp.
9.875%, 2/15/13	$	2,450,000	$	2,615,375
				25,419,780
Total Telecommunication Services				137,721,796
Utilities (6.2%)
Electric Utilities (1.9%)
Edison Mission Energy
7.750%, 6/15/16		1,450,000		1,511,625
Midwest Generation LLC
8.750%, 5/1/34		2,150,000		2,332,750
Series B
8.560%, 1/2/16		3,840,081		4,200,089
Mirant Americas Generation LLC
8.300%, 5/1/11		6,670,000		6,836,750
Reliant Energy, Inc.
9.250%, 7/15/10		2,000,000		2,107,500
6.750%, 12/15/14		8,225,000		8,687,656
Sierra Pacific Resources
7.803%, 6/15/12		1,000,000		1,058,234
8.625%, 3/15/14		3,300,000		3,569,709
6.750%, 8/15/17		4,050,000		4,134,244
Tenaska Alabama Partners LP
7.000%, 6/30/21 §		3,195,942		3,216,294
				37,654,851
Gas Utilities (1.4%)
AmeriGas Partners LP
7.250%, 5/20/15		5,250,000		5,302,500
AmeriGas Partners LP/ AmeriGas Eagle Finance Corp.
7.125%, 5/20/16		8,825,000		8,847,062
SemGroup plc
8.750%, 11/15/15 §		5,925,000		6,013,875
Suburban Propane Partners LP/ Suburban Energy Finance Corp.
6.875%, 12/15/13		7,500,000		7,387,500
				27,550,937
Independent Power Producers & Energy Traders (1.6%)
AES Corp.
8.750%, 5/15/13 §		4,875,000		5,191,875
Dynegy Holdings, Inc.
8.375%, 5/1/16		2,450,000		2,548,000
7.125%, 5/15/18		1,500,000		1,440,000
NRG Energy, Inc.
7.250%, 2/1/14		4,025,000		4,125,625
7.375%, 2/1/16		12,545,000		12,889,988
7.375%, 1/15/17		6,425,000		6,593,656
				32,789,144
Multi-Utilities (1.3%)
Dynegy-Roseton Danskammer, Series A
7.270%, 11/8/10		6,500,000		6,646,250
Series B
7.670%, 11/8/16		1,950,000		2,067,000
PSEG Energy Holdings LLC
8.500%, 6/15/11		9,205,000		9,941,400
Reliant Energy Mid-Atlantic Power Holdings LLC, Series B
9.237%, 7/2/17		2,966,993		3,293,362
South Point Energy Center LLC/Broad River Energy LLC/Rockgen Energy LLC
8.400%, 5/30/12 § (h)		2,576,658		2,519,972
TECO Energy, Inc.
6.750%, 5/1/15		1,025,000		1,077,531
				25,545,515
Total Utilities				123,540,447
Total Long-Term Debt Securities (92.8%) (Cost $1,799,596,983)				1,843,558,758
CONVERTIBLE BONDS:
Financials (0.2%)
Capital Markets (0.2%)
Deutsche Bank AG/London
(Zero Coupon), 7/14/08 §		500,000		459,400
(Zero Coupon), 7/25/08 §(b)		800,000		789,440
(Zero Coupon), 9/29/08 §		600,000		560,280
1.800%, 5/29/09 §		650,000		618,995
2.000%, 10/7/09 §		1,300,000		1,193,660
Lehman Brothers Holdings, Inc.
1.383%, 6/15/09		650,000		783,900
Total Financials				4,405,675
Health Care (0.3%)
Biotechnology (0.3%)
NPS Pharmaceuticals, Inc.
3.000%, 6/15/08		5,000,000		4,593,750
Total Health Care				4,593,750
Utilities (0.1%)
Multi-Utilities (0.1%)
CMS Energy Corp.
2.875%, 12/1/24		1,875,000		2,528,906
Total Utilities				2,528,906
Total Convertible Bonds (0.6%) (Cost $11,101,457)				11,528,331
	Number of Shares
COMMON STOCK:
Consumer Discretionary (0.0%)
Media (0.0%)
RCN Corp.*§†(b) (Cost $—)		1,867		—
CONVERTIBLE PREFERRED STOCK:
Materials (0.1%)
Metals & Mining (0.1%)
Freeport-McMoran Copper & Gold, Inc., 6.75%, 5/1/10 (Cost $1,060,000)		10,600		1,133,246
	Principal Amount
SHORT-TERM INVESTMENTS:
Commercial Paper (2.5%)
Rabobank USA Finance Corp.
5.40%, 4/2/07 (p)	$	21,300,000		21,293,610
UBS Finance Delaware LLC
5.20%, 7/19/07 (p)		28,300,000		27,857,105
Total Commercial Paper				49,150,715
Government Securities (0.0%)
Federal National Mortgage Association
4.84%, 4/4/07 (p)		500,000		499,731
U.S. Treasury Bills
4.81%, 6/14/07 (p)		270,000		267,323
Total Government Securities				767,054

38

AXA PREMIER VIP TRUST

AXA PREMIER VIP HIGH YIELD PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2007 (Unaudited)

	Principal Amount		Value (Note 1)
Time Deposit (2.3%)
JPMorgan Chase Nassau
4.79%, 4/2/07	$	45,197,451	$	45,197,451
Total Short-Term Investments (4.8%) (Cost/Amortized Cost $95,115,296)				95,115,220
Total Investments (98.3%) (Cost/Amortized Cost $1,906,873,736)				1,951,335,555
Other Assets Less Liabilities (1.7%)				34,751,196
Net Assets (100%)			$	1,986,086,751

* Non-income producing.

† Securities (totaling $11,855 or 0.0% 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 March 31, 2007, the market value of these securities amounted to $490,807,966 or 24.71% of net assets. Securities denoted with “§” but without “(b)”have been determined to be liquid under the guidelines established by the Board of Trustees. To the extent any securities might provide a right to demand registration, such rights have not been relied upon when determining liquidity.

(b) Illiquid security.

(e) Step Bond - Coupon rate increases in increments to maturity. Rate disclosed is as of March 31, 2007. Maturity date disclosed is the ultimate maturity date.

(h) Security in default.

(l) Floating Rate Security. Rate disclosed is as of March 31, 2007.

(m) Regulation S is an exemption 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.

(o) Discount Note Security. Effective rate calculated as of March 31, 2007.

(p) Yield to maturity.

Glossary:

EUR — European Currency Unit

PIK — Payment-in-Kind Security

At March 31, 2007 the Portfolio had the following futures contracts open: (Note 1)

Purchase	Number of Contracts	Expiration Date	Original Value		Value at 3/31/07		Unrealized Depreciation
EURODollar	227	December-07	$	54,108,288	$	53,983,438	$	(124,850	)
UK 90 Day LIF	212	March-08		49,206,771		49,149,514		(57,257	)
							$	(182,107	)

At March 31, 2007 the Portfolio had outstanding 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)
Foreign Currency Buy Contracts
European Union, expiring 4/26/07	2,003	$	2,677,330	$	2,678,164	$	834
European Union, expiring 4/26/07	2,028		2,700,578		2,711,591		11,013
						$	11,847
Foreign Currency Sell Contracts
European Union, expiring 4/24/07	10,300	$	13,100,055	$	13,770,791	$	(670,736	)
European Union, expiring 4/24/07	2,000		2,580,240		2,673,940		(93,700	)
European Union, expiring 4/26/07	14,002		18,688,539		18,721,747		(33,208	)
European Union, expiring 4/26/07	11,780		15,711,669		15,750,763		(39,094	)
European Union, expiring 4/26/07	55		73,427		73,539		(112	)
European Union, expiring 4/26/07	810		1,083,094		1,083,032		62
European Union, expiring 7/16/07	9,900		13,063,248		13,277,143		(213,895	)
European Union, expiring 10/04/07	10,125		13,482,855		13,611,791		(128,936	)
						$	(1,179,619	)
						$	(1,167,772	)

39

AXA PREMIER VIP TRUST

AXA PREMIER VIP HIGH YIELD PORTFOLIO

PORTFOLIO OF INVESTMENTS (Concluded)

March 31, 2007 (Unaudited)

Investment security transactions for the three months ended March 31, 2007 were as follows:

Cost of Purchases:
Stocks and long-term corporate debt securities	$	384,795,358
Net Proceeds of Sales and Redemptions:
Stocks and long-term corporate debt securities	$	329,947,408

As of March 31, 2007, 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	$	55,624,765
Aggregate gross unrealized depreciation		(12,905,720	)
Net unrealized appreciation	$	42,719,045
Federal income tax cost of investments	$	1,908,616,510

The Portfolio has a net capital loss carryforward of $315,974,892 of which $29,624,243 expires in the year 2007, $68,279,453 expires in the year 2008, $114,524,895 expires in the year 2009, $91,978,211 expires in the year 2010, and $11,568,090 expires in the year 2014.

See Notes to Financial Statements.

40

AXA PREMIER VIP TRUST

AXA PREMIER VIP INTERNATIONAL EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS

March 31, 2007 (Unaudited)

	Number of Shares	Value (Note 1)
COMMON STOCKS:
Australia (3.6%)
BHP Billiton Ltd.^	709,034	$	17,147,277
Coles Group Ltd.	212,100		2,788,664
CSL Ltd.^	118,172		7,875,640
Macquarie Airports	1,515,274		4,891,773
Macquarie Bank Ltd.^	348,437		23,328,911
Macquarie Infrastructure Group^	2,533,051		7,870,048
National Australia Bank Ltd.^	178,700		5,841,281
QBE Insurance Group Ltd.	296,400		7,563,836
Zinifex Ltd.^	432,400		5,520,709
			82,828,139
Austria (1.5%)
Erste Bank der Oesterreichischen Sparkassen AG	288,279		22,451,185
OMV AG	62,000		3,905,090
voestalpine AG^	115,100		8,348,969
			34,705,244
Belgium (1.3%)
Dexia S.A.	191,615		5,718,345
Fortis (Amsterdam Exchange)^	185,809		8,483,919
Fortis (Brussels Exchange)	222,700		10,171,313
KBC Groep N.V.	38,200		4,751,354
			29,124,931
Brazil (1.7%)
Cia Vale do Rio Doce (ADR)	298,706		11,049,135
Gafisa S.A.	318,744		4,022,397
Petroleo Brasileiro S.A. (ADR)	96,787		9,631,274
Unibanco-Uniao de Bancos Brasileiros S.A. (GDR)	156,735		13,708,043
			38,410,849
Canada (1.9%)
Bombardier, Inc., Class B*	497,200		2,006,888
Canadian National Railway Co.	166,068		7,330,242
Celestica, Inc.*	106,000		647,293
EnCana Corp.	118,500		5,994,283
Gerdau Ameristeel Corp.	391,200		4,635,441
Husky Energy, Inc.^	55,800		3,898,508
ING Canada, Inc.	95,700		4,291,372
Nexen, Inc.	63,953		3,917,502
Shoppers Drug Mart Corp.	171,424		7,594,922
Teck Cominco Ltd., Class B^	54,300		3,785,714
			44,102,165
China (0.3%)
Industrial & Commercial Bank of China Ltd., Class H*^	13,182,000		7,389,411
Denmark (0.2%)
Carlsberg A/S, Class B^	43,300		4,712,133
Finland (0.8%)
Nokia Oyj*^	850,255		19,570,060
France (11.2%)
Accor S.A.^	379,008		36,220,547
Air France-KLM^	121,600		5,547,304
BNP Paribas	253,838		26,513,408
Cie de Saint-Gobain^	206,548		20,188,858
Compagnie Generale des Etablissements Michelin, Class B	79,900		8,823,734
Credit Agricole S.A.^	229,222		8,938,159
Electricite de France	20,556		1,723,373
France Telecom S.A.	227,100		5,997,655
Imerys S.A.^	60,001		5,570,587
J.C. Decaux S.A.^	299,626		8,841,642
Lafarge S.A.^	69,505		10,927,311
Pernod-Ricard S.A.	40,200		8,152,912
Renault S.A.^	132,000		15,437,884
Sanofi-Aventis^	252,591		21,966,282
Societe Generale^	66,935		11,567,634
Total S.A.^	647,532		45,369,545
Veolia Environnement^	210,306		15,636,969
			257,423,804
Germany (6.9%)
Allianz SE (Registered)	64,000		13,141,344
BASF AG	158,386		17,831,957
Bayerische Motoren Werke (BMW) AG	47,163		2,782,829
Continental AG	229,058		29,607,315
DaimlerChrysler AG	41,800		3,428,486
Deutsche Lufthansa AG (Registered)	260,900		7,085,478
Deutsche Post AG (Registered)^	286,976		8,686,867
Deutsche Telekom AG (Registered)	290,500		4,804,238
E.ON AG^	96,000		13,052,430
Epcos AG	48,200		841,551
Fresenius Medical Care AG & Co. KGaA	19,500		2,837,265
Linde AG	64,081		6,903,850
Muenchener Rueckversicherungs AG (Registered)	92,600		15,661,620
RWE AG^	97,390		10,302,495
SAP AG	150,800		6,722,259
Siemens AG (Registered)	104,342		11,153,608
TUI AG^	145,200		3,590,300
			158,433,892
Hong Kong (3.4%)
China Merchants Holdings International Co. Ltd.	1,832,000		7,713,931
China Mobile Ltd.	2,458,000		22,351,174
CNOOC Ltd. (ADR)	81,131		7,109,510
Esprit Holdings Ltd.	1,675,000		19,647,245
Kerry Properties Ltd.	486		2,497
Melco PBL Entertainment Macau Ltd. (ADR)*	643,046		10,378,762
Orient Overseas International Ltd.	174,000		1,616,740
Shangri-La Asia Ltd.	3,072,973		7,606,233
Sino Land Co.^	1,009,675		2,173,512
			78,599,604
India (0.4%)
ICICI Bank Ltd. (ADR)	228,537		8,398,735
Ireland (0.3%)
Bank of Ireland	273,700		5,904,798
Italy (4.2%)
Banca Popolare di Verona e Novara S.c.r.l.^	89,100		2,767,313
Buzzi Unicem S.p.A.^	158,000		4,803,823
ENI S.p.A.	1,044,771		33,998,213
Fondiaria-Sai S.p.A.^	125,271		5,751,588
Fondiaria-Sai S.p.A. (RNC)	14,200		514,821
Intesa Sanpaolo S.p.A.^	4,516,427		34,299,134
Italcementi S.p.A.^	157,800		4,726,072
UniCredito Italiano S.p.A.	1,135,200		10,804,756
			97,665,720
Japan (18.0%)
Advantest Corp.^	151,900		6,741,658

41

AXA PREMIER VIP TRUST

AXA PREMIER VIP INTERNATIONAL EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2007 (Unaudited)

	Number of Shares	Value (Note 1)
Alps Electric Co., Ltd.^	341,600	$	4,000,407
Astellas Pharma, Inc.	148,400		6,397,420
Bank of Yokohama Ltd.	573,000		4,274,160
Canon, Inc.	304,500		16,356,797
Chugai Pharmaceutical Co., Ltd.^	650,300		16,445,129
Credit Saison Co., Ltd.	64,000		2,107,264
Daikin Industries Ltd.^	360,164		12,531,164
Dainippon Ink & Chemicals, Inc.	895,000		3,554,481
East Japan Railway Co.	660		5,141,548
EDION Corp.^	122,000		1,703,072
Hirose Electric Co., Ltd.^	28,100		3,378,963
Honda Motor Co., Ltd.	433,100		15,105,575
Isuzu Motors Ltd.	1,326,000		6,650,255
Japan Tobacco, Inc.	1,720		8,451,120
JFE Holdings, Inc.^	239,100		14,142,286
Kyushu Electric Power Co., Inc.	205,700		5,847,717
Leopalace21 Corp.	79,500		2,631,110
Marubeni Corp.^	1,718,000		10,438,629
Mitsubishi Chemical Holdings Corp.	76,500		651,133
Mitsubishi Corp.^	666,500		15,469,089
Mitsubishi UFJ Financial Group, Inc.	1,109		12,516,718
Mitsui Chemicals, Inc.^	513,000		4,483,961
Mitsui Fudosan Co., Ltd.	266,000		7,810,251
Mitsui O.S.K. Lines Ltd.^	687,000		7,625,560
Mitsui Trust Holdings, Inc.	1,034,000		10,196,096
Mizuho Financial Group, Inc.	2,159		13,905,983
Nidec Corp.^	100,600		6,488,120
Nippon Electric Glass Co., Ltd.	222,000		3,890,275
Nippon Mining Holdings, Inc.	753,500		6,502,966
Nippon Telegraph & Telephone Corp.	1,688		8,924,168
Nissan Motor Co., Ltd.^	877,800		9,408,193
Nitto Denko Corp.^	90,600		4,251,680
Nomura Holdings, Inc.	255,800		5,329,167
ORIX Corp.	39,000		10,160,387
Secom Co., Ltd.^	14,000		649,864
Seiko Epson Corp.^	102,500		3,018,288
Seven & I Holdings Co., Ltd.^	229,300		6,985,633
Sharp Corp.^	485,000		9,342,753
Shin-Etsu Chemical Co., Ltd.	99,700		6,083,189
SMC Corp.	49,500		6,641,166
Sony Corp.^	273,200		13,887,203
Sumitomo Corp.^	522,000		9,391,039
Sumitomo Heavy Industries Ltd.	384,000		3,825,662
Sumitomo Mitsui Financial Group, Inc.^	2,415		21,928,462
Tokyo Electric Power Co., Inc.^	245,600		8,399,253
Toshiba Corp.^	499,000		3,332,595
Toyota Motor Corp.	588,300		37,692,337
Yamada Denki Co., Ltd.^	100,100		9,327,037
			414,016,983
Mexico (2.1%)
America Movil S.A. de C.V., Series L (ADR)	319,832		15,284,771
Cemex S.A.B. de C.V. (Sponsored ADR)*	228,071		7,469,325
Fomento Economico Mexicano S.A.B. de C.V. (ADR)	113,704		12,551,785
Grupo Televisa S.A. (ADR)	406,112		12,102,138
			47,408,019
Netherlands (5.2%)
ABN AMRO Holding N.V.	231,519		9,964,830
Arcelor Mittal^	210,851		11,201,829
Buhrmann N.V.^	207,700		2,796,757
European Aeronautic Defenceand Space Co. N.V.^	220,230		6,831,190
ING Groep N.V. (CVA)^	1,186,071		50,146,670
Koninklijke Philips Electronics N.V.^	145,732		5,565,790
Reed Elsevier N.V.	380,122		6,723,086
Royal Dutch Shell plc, Class A^	333,000		11,076,468
Royal Dutch Shell plc, Class B	71,028		2,363,552
Wolters Kluwer N.V.	415,276		12,459,605
			119,129,777
Singapore (0.6%)
CapitaLand Ltd.^	1,967,000		10,372,079
Flextronics International Ltd.*	167,400		1,831,356
Neptune Orient Lines Ltd.^	378,000		807,251
			13,010,686
South Korea (0.1%)
Samsung Electronics Co., Ltd.	5,660		3,387,096
Spain (1.4%)
Altadis S.A.^	112,665		7,234,705
Banco Bilbao Vizcaya Argentaria S.A.	394,700		9,691,039
Banco Santander Central Hispano S.A.	311,100		5,552,188
Repsol YPF S.A.^	293,700		9,902,640
			32,380,572
Sweden (1.1%)
Nordea Bank AB^	328,000		5,237,441
Svenska Cellulosa AB, Class B^	109,500		5,864,839
Telefonaktiebolaget LM Ericsson, Class B^	2,918,200		10,740,354
Volvo AB, Class B^	48,410		4,076,456
			25,919,090
Switzerland (10.1%)
ABB Ltd. (Registered)^	443,831		7,597,157
Actelion Ltd. (Registered)*	16,516		3,849,860
Adecco S.A. (Registered)^	83,120		5,277,297
Credit Suisse Group (Registered)	166,000		11,912,274
Holcim Ltd. (Registered)	208,796		20,911,388
Lonza Group AG (Registered)*^	162,635		15,632,447
Nestle S.A. (Registered)	79,249		30,864,164
Novartis AG (Registered)	288,611		16,554,489
Roche Holding AG^	186,323		32,966,667
Swiss Reinsurance (Registered)	122,603		11,199,385
Syngenta AG (Registered)*	82,069		15,702,623
UBS AG (Registered)	625,637		37,173,181
Xstrata plc	199,880		10,273,880
Zurich Financial Services AG (Registered)^	45,585		13,157,996
			233,072,808
United Kingdom (19.4%)
AstraZeneca plc	231,300		12,444,176
Aviva plc	638,858		9,409,968
BAE Systems plc	3,178,793		28,774,784
Barclays plc	1,729,044		24,532,020
BG Group plc	649,362		9,366,619
BHP Billiton plc	203,900		4,546,101
BP plc	513,200		5,574,651
British American Tobacco plc	104,500		3,267,625
British Land Co. plc (REIT)	255,331		7,677,484
British Sky Broadcasting Group plc	670,328		7,439,752
Burberry Group plc	444,687		5,714,255
Centrica plc	1,286,462		9,784,496

42

AXA PREMIER VIP TRUST

AXA PREMIER VIP INTERNATIONAL EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2007 (Unaudited)

	Number of Shares		Value (Note 1)
Diageo plc		552,452	$	11,192,134
Friends Provident plc		770,202		2,917,611
George Wimpey plc		132,500		1,657,003
GlaxoSmithKline plc		705,629		19,398,351
Greene King plc		173,300		3,761,543
HBOS plc		538,320		11,091,217
HSBC Holdings plc^		1,202,000		20,890,971
ICAP plc		490,399		5,119,493
J Sainsbury plc		860,412		9,303,924
Kingfisher plc		1,138,396		6,233,336
Man Group plc		1,717,194		18,754,450
Marston’s plc		324,000		2,814,931
Mitchells & Butlers plc		244,882		3,792,483
Northern Rock plc		662,018		14,916,512
Reckitt Benckiser plc		145,203		7,560,620
Rio Tinto plc		113,600		6,487,356
Royal & Sun Alliance Insurance Group		951,491		3,033,274
Royal Bank of Scotland Group plc		863,555		33,715,039
SABMiller plc		229,100		5,026,804
Schroders plc		187,220		4,671,577
Smith & Nephew plc		622,641		7,915,206
Standard Chartered plc		388,304		11,186,776
Taylor Woodrow plc		277,500		2,673,054
Tesco plc		5,327,767		46,576,264
Vodafone Group plc		10,713,321		28,566,393
Wm. Morrison Supermarkets plc		1,153,584		7,008,873
Wolseley plc		447,266		10,482,615
WPP Group plc		682,964		10,348,574
				445,628,315
United States (0.3%)
IPSCO, Inc.		18,743		2,460,374
Schlumberger Ltd.		52,442		3,623,742
				6,084,116
Total Common Stocks (96.0%) (Cost $1,849,677,613)				2,207,306,947
	Principal Amount
SHORT-TERM INVESTMENTS:
Short-Term Investments of Cash Collateral for Securities Loaned (21.5%)
ACCR, Series 06-2 A1
5.36%, 6/27/08 (l)	$	1,332,024		1,332,024
Aegis Finance LLC
5.31%, 4/19/07		13,865,355		13,865,355
Banesto S.A./Madrid
5.33%, 4/19/07		7,254,586		7,254,586
Barclays Capital, Repurchase Agreement
5.40%, 4/2/07 (r)		114,496,514		114,496,514
Bear Stearns Cos., Inc.
5.57%, 3/23/09 (l)		7,254,586		7,254,586
Cedar Springs Capital Co. LLC
5.33%, 4/25/07		10,111,242		10,111,242
CIT Group Holdings, Inc.
5.37%, 4/30/08 (l)		13,928,805		13,928,805
Citigroup Funding, Inc.
5.36%, 4/4/07		14,494,078		14,494,078
5.36%, 3/16/09 (l)		7,254,586		7,254,586
Comerica Bank
5.35%, 3/16/09 (l)		2,901,484		2,901,484
Concord Minutemen C.C. LLC, Series B
5.31%, 4/10/07		5,803,622		5,803,622
Corp. Andina de Fomento
5.31%, 4/12/07		11,507,275		11,507,275
Credit Industriel et Commercial
5.33%, 4/18/07		7,254,675		7,254,675
5.33%, 4/25/07		7,266,343		7,266,343
Crown Point Capital Co.
5.29%, 4/5/07		14,443,328		14,443,328
DekaBank Deutsche
5.38%, 4/30/08 (l)		7,544,769		7,544,769
DLJ/Pershing Division, Repurchase Agreement
5.54%, 4/2/07 (r)		7,254,586		7,254,586
Fenway Funding LLC
5.35%, 6/18/07		12,885,885		12,885,885
5.35%, 6/27/07		8,192,905		8,192,905
Fifth Third Bancorp
5.32%, 4/30/08 (l)		870,542		870,542
Goldman Sachs Group, Inc.
5.38%, 3/28/08 (l)		3,192,018		3,192,018
5.56%, 4/30/08 (l)		5,803,669		5,803,669
5.41%, 3/27/09 (l)		7,254,586		7,254,586
Hartford Life, Inc.
5.45%, 3/28/08 (l)		2,321,467		2,321,467
HSBC Finance Corp.
5.33%, 4/9/07		11,550,945		11,550,945
5.32%, 4/11/07		14,436,682		14,436,682
5.32%, 4/12/07		12,991,095		12,991,095
Kommunalkredit International Bank
5.34%, 4/6/07		14,315,889		14,315,889
Lehman Brothers, Inc.
5.56%, 6/29/07 (l)		1,015,642		1,015,642
MBIA Global Funding LLC
5.37%, 3/30/09 (l)		7,254,586		7,254,586
Mizuho Corporate Bank Ltd./London
5.34%, 4/10/07		4,933,118		4,933,118
5.34%, 4/23/07		5,803,669		5,803,669
Mizuho Corporate Bank Ltd./New York
5.31%, 4/10/07		7,254,586		7,254,586
Natexis Banques Populaires N.Y.
5.34%, 8/7/07 (l)		7,254,586		7,254,586
5.37%, 1/28/08 (l)		8,705,503		8,705,503
National Bank of Canada
5.42%, 4/2/07		23,214,674		23,214,674
New York Life Insurance Co.
5.41%, 6/29/07 (l)		7,254,586		7,254,586
Norinchukin Bank N.Y.
5.34%, 4/9/07		13,058,254		13,058,254
5.33%, 4/16/07		7,254,586		7,254,586
5.32%, 6/5/07		14,509,171		14,509,171
Park Sienna LLC
5.32%, 5/10/07		7,184,494		7,184,494
Raiffeisen Zentralbank
5.31%, 4/19/07		14,449,486		14,449,486
Rhein-Main Securitisaton Ltd.
5.35%, 7/16/07		10,992,446		10,992,446
Silver Tower U.S. Funding LLC
5.37%, 8/16/07		5,654,432		5,654,432
Total Short-Term Investments of Cash Collateral for Securities Loaned				493,577,360

43

AXA PREMIER VIP TRUST

AXA PREMIER VIP INTERNATIONAL EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Concluded)

March 31, 2007 (Unaudited)

	Principal Amount		Value (Note 1)
Time Deposit (2.9%)
JPMorgan Chase Nassau
4.79%, 4/2/07	$	66,050,077	$	66,050,077
Total Short-Term Investments (24.4%) (Amortized Cost $559,627,437)				559,627,437
Total Investments (120.4%) (Cost/Amortized Cost $2,409,305,050)				2,766,934,384
Other Assets Less Liabilities (-20.4%)				(468,312,580	)
Net Assets (100%)			$	2,298,621,804

* Non-income producing.

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

(l) Floating Rate Security. Rate disclosed is as of March 31, 2007.

(r) The repurchase agreements are fully collateralized by U.S. government and/or agency obligations based on market prices at the date of this portfolio of investments.

Glossary:

ADR — American Depositary Receipt

CVA — Dutch Certification

GDR — Global Depositary Receipt

REIT — Real Estate Investment Trust

RNC — Risparmio Non-Convertible Savings Shares

Market Sector Diversification

As a Percentage of Total Net Assets

Consumer Discretionary			14.4	%
Consumer Staples			7.9
Energy			7.1
Financials
Capital Markets	4.6	%
Commercial Banks	15.8
Consumer Finance	0.5
Diversified Financial Services	3.0
Insurance	3.8
Real Estate Investment Trusts (REITs)	0.3
Real Estate Management & Development	1.0
Thrifts & Mortgage Finance	0.7
Total Financials			29.7
Health Care			6.5
Industrials			9.7
Information Technology			4.0
Materials			10.2
Telecommunications Services			3.7
Utilities			2.8
Cash and Other			4.0
			100.0	%

At March 31, 2007 the Portfolio had the following futures contracts open: (Note 1)

Purchases	Number of Contracts	Expiration Date	Original Value		Value at 3/31/07		Unrealized Appreciation
Dow Jones Euro Stoxx 50 Index	156	June-07	$	8,349,489	$	8,564,936	$	215,447
TOPIX Index	5	June-07		702,117		728,318		26,201
							$	241,648

Investment security transactions for the three months ended March 31, 2007 were as follows:

Cost of Purchases:
Stocks and long-term corporate debt securities	$	418,339,595
Net Proceeds of Sales and Redemptions:
Stocks and long-term corporate debt securities	$	280,666,905

As of March 31, 2007, 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	$	372,171,417
Aggregate gross unrealized depreciation		(23,089,896	)
Net unrealized appreciation	$	349,081,521
Federal income tax cost of investments	$	2,417,852,863

At March 31, 2007, the Portfolio had loaned securities with a total value of $466,553,209. This was secured by collateral of $493,577,360 which was received as cash and subsequently invested in short-term investments as reported in the portfolio of investments.

See Notes to Financial Statements.

44

AXA PREMIER VIP TRUST

AXA PREMIER VIP LARGE CAP CORE EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS

March 31, 2007 (Unaudited)

	Number of Shares	Value (Note 1)
COMMON STOCKS:
Consumer Discretionary (11.4%)
Auto Components (0.3%)
Autoliv, Inc.	18,200	$	1,039,402
BorgWarner, Inc.	11,000		829,620
Magna International, Inc., Class A	12,800		961,408
			2,830,430
Automobiles (0.1%)
DaimlerChrysler AG^	11,400		932,634
Hotels, Restaurants & Leisure (3.0%)
Las Vegas Sands Corp.*	83,300		7,214,613
McDonald’s Corp.	54,800		2,468,740
Melco PBL Entertainment Macau Ltd. (ADR)*^	289,500		4,672,530
MGM MIRAGE*^	63,445		4,410,696
Starbucks Corp.*	222,745		6,985,283
			25,751,862
Household Durables (0.5%)
Black & Decker Corp.	16,600		1,354,892
Sony Corp. (ADR)^	62,220		3,141,488
			4,496,380
Leisure Equipment & Products (0.1%)
Mattel, Inc.	25,500		703,035
Media (3.4%)
CBS Corp., Class B	59,000		1,804,810
Comcast Corp., Class A*	112,950		2,931,052
Comcast Corp., Special Class A*	557,812		14,207,472
Gannett Co., Inc.	23,100		1,300,299
Interpublic Group of Cos., Inc.*^	66,100		813,691
Time Warner, Inc.	124,300		2,451,196
Tribune Co.	52,000		1,669,720
Viacom, Inc., Class B*	37,650		1,547,792
Walt Disney Co.	75,700		2,606,351
			29,332,383
Multiline Retail (2.2%)
Dillards, Inc., Class A^	18,500		605,505
Dollar Tree Stores, Inc.*	28,900		1,105,136
Family Dollar Stores, Inc.	28,300		838,246
Federated Department Stores, Inc.	42,500		1,914,625
J.C. Penney Co., Inc.	14,000		1,150,240
Nordstrom, Inc.	99,990		5,293,471
Saks, Inc.	35,900		748,156
Sears Holdings Corp.*	35,900		6,467,744
Target Corp.	21,500		1,274,090
			19,397,213
Specialty Retail (1.5%)
Abercrombie & Fitch Co.	76,900		5,819,792
Gap, Inc.	76,300		1,313,123
Home Depot, Inc.	9,700		356,378
Limited Brands, Inc.	52,600		1,370,756
Office Depot, Inc.*	29,400		1,033,116
Staples, Inc.	115,612		2,987,414
			12,880,579
Textiles, Apparel & Luxury Goods (0.3%)
Jones Apparel Group, Inc.	31,300		961,849
Liz Claiborne, Inc.	11,200		479,920
VF Corp.	16,600		1,371,492
			2,813,261
Total Consumer Discretionary			99,137,777
Consumer Staples (7.5%)
Beverages (0.9%)
Coca-Cola Co.	53,975		2,590,800
Molson Coors Brewing Co., Class B	6,600		624,492
PepsiCo, Inc.	78,930		5,016,791
			8,232,083
Food & Staples Retailing (2.6%)
CVS/Caremark Corp.	111,164		3,795,124
Kroger Co.	38,000		1,073,500
Rite Aid Corp.*^	1,210,000		6,981,700
Safeway, Inc.	47,700		1,747,728
Sysco Corp.	161,485		5,463,037
Wal-Mart Stores, Inc.	81,400		3,821,730
			22,882,819
Food Products (1.1%)
Bunge Ltd.^	7,100		583,762
Cadbury Schweppes plc (ADR)	59,595		3,061,395
General Mills, Inc.	24,800		1,443,856
Kellogg Co.	26,100		1,342,323
Kraft Foods, Inc., Class A^	40,000		1,266,400
Sara Lee Corp.	93,400		1,580,328
			9,278,064
Household Products (1.6%)
Colgate-Palmolive Co.	22,900		1,529,491
Kimberly-Clark Corp.	23,700		1,623,213
Procter & Gamble Co.	162,810		10,283,080
			13,435,784
Tobacco (1.3%)
Altria Group, Inc.	126,955		11,147,918
Total Consumer Staples			64,976,668
Energy (6.9%)
Energy Equipment & Services (0.8%)
Diamond Offshore Drilling, Inc.	73,900		5,982,205
GlobalSantaFe Corp.	13,900		857,352
Schlumberger Ltd.	3,200		221,120
			7,060,677
Oil, Gas & Consumable Fuels (6.1%)
Apache Corp.	103,700		7,331,590
BP plc (ADR)	21,100		1,366,225
Chevron Corp.	168,033		12,427,721
ConocoPhillips	136,900		9,357,115
EOG Resources, Inc.	61,300		4,373,142
Exxon Mobil Corp.	105,400		7,952,430
Marathon Oil Corp.	23,300		2,302,739
Royal Dutch Shell plc, Class A (ADR)	20,700		1,372,410
Total S.A. (Sponsored ADR)	18,300		1,276,974
Valero Energy Corp.	77,115		4,973,146
			52,733,492
Total Energy			59,794,169
Financials (18.3%)
Capital Markets (4.7%)
Charles Schwab Corp.	281,200		5,143,148
Goldman Sachs Group, Inc.	70,655		14,599,443
Janus Capital Group, Inc.	56,400		1,179,324
Mellon Financial Corp.	28,500		1,229,490
Merrill Lynch & Co., Inc.	133,320		10,888,244
Morgan Stanley	3,100		244,156
optionsXpress Holdings, Inc.^	117,775		2,772,423
UBS AG (Registered)	68,455		4,068,281
Waddell & Reed Financial, Inc.	15,900		370,788
			40,495,297
Commercial Banks (2.7%)
BB&T Corp.	1,600		65,632
Comerica, Inc.	26,600		1,572,592
Fifth Third Bancorp	47,200		1,826,168
HSBC Holdings plc	259,400		4,508,418
KeyCorp	7,975		298,823
National City Corp.	49,200		1,832,700
SunTrust Banks, Inc.	21,500		1,785,360
U.S. Bancorp	62,900		2,199,613

45

AXA PREMIER VIP TRUST

AXA PREMIER VIP LARGE CAP CORE EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2007 (Unaudited)

	Number of Shares	Value (Note 1)
Wachovia Corp.	150,900	$	8,307,045
Wells Fargo & Co.	32,200		1,108,646
			23,504,997
Consumer Finance (1.4%)
American Express Co.	172,445		9,725,898
SLM Corp.	63,340		2,590,606
			12,316,504
Diversified Financial Services (2.5%)
Bank of America Corp.	125,600		6,408,112
Citigroup, Inc.	191,950		9,854,713
JPMorgan Chase & Co.	101,800		4,925,084
			21,187,909
Insurance (3.9%)
ACE Ltd.	13,800		787,428
Aflac, Inc.	5,000		235,300
Allstate Corp.	7,900		474,474
Ambac Financial Group, Inc.	18,100		1,563,659
American International Group, Inc.	198,600		13,349,892
Aon Corp.	39,500		1,499,420
Chubb Corp.	30,800		1,591,436
Genworth Financial, Inc., Class A	48,400		1,691,096
Hartford Financial Services Group, Inc.	15,500		1,481,490
MBIA, Inc.^	22,400		1,466,976
MetLife, Inc.	34,650		2,188,148
Old Republic International Corp.	53,500		1,183,420
PartnerReinsurance Ltd.^	900		61,686
Prudential Financial, Inc.	7,600		685,976
RenaissanceReinsurance Holdings Ltd.	11,800		591,652
Torchmark Corp.	16,100		1,055,999
Travelers Cos Inc/The	37,299		1,930,969
Unum Group	39,300		905,079
XL Capital Ltd., Class A	17,800		1,245,288
			33,989,388
Thrifts & Mortgage Finance (3.1%)
Astoria Financial Corp.^	8,250		219,367
Countrywide Financial Corp.	45,400		1,527,256
Fannie Mae	189,810		10,359,830
Freddie Mac	192,766		11,467,649
MGIC Investment Corp.	23,300		1,372,836
Washington Mutual, Inc.	47,300		1,909,974
			26,856,912
Total Financials			158,351,007
Health Care (13.7%)
Biotechnology (3.2%)
Amgen, Inc.*	140,950		7,876,286
Celgene Corp.*	81,440		4,272,342
Genentech, Inc.*	65,625		5,389,125
Gilead Sciences, Inc.*	93,060		7,119,090
OSI Pharmaceuticals, Inc.*^	90,040		2,971,320
			27,628,163
Health Care Equipment & Supplies (0.9%)
Alcon, Inc.	16,005		2,109,779
Cytyc Corp.*	171,984		5,883,573
			7,993,352
Health Care Providers & Services (3.6%)
AmerisourceBergen Corp.	32,600		1,719,650
Cardinal Health, Inc.	15,900		1,159,905
Coventry Health Care, Inc.*	150,025		8,408,901
McKesson Corp.	28,100		1,644,974
UnitedHealth Group, Inc.	160,465		8,499,831
WellPoint, Inc.*	117,950		9,565,745
			30,999,006
Health Care Technology (0.6%)
Eclipsys Corp.*^	257,324		4,958,633
Life Sciences Tools & Services (0.5%)
Thermo Fisher Scientific, Inc.*	95,600		4,469,300
Pharmaceuticals (4.9%)
Abbott Laboratories	6,300		351,540
Eli Lilly & Co.	47,900		2,572,709
Johnson & Johnson	146,710		8,840,745
Merck & Co., Inc.	74,700		3,299,499
Novartis AG (ADR)	64,015		3,497,140
Pfizer, Inc.	379,990		9,598,547
Sanofi-Aventis (ADR)	81,630		3,551,721
Schering-Plough Corp.	90,200		2,301,002
Teva Pharmaceutical Industries Ltd. (ADR)	195,400		7,313,822
Wyeth	21,300		1,065,639
			42,392,364
Total Health Care			118,440,818
Industrials (8.3%)
Aerospace & Defense (1.2%)
Boeing Co.	81,065		7,207,489
General Dynamics Corp.	6,400		488,960
Lockheed Martin Corp.	11,800		1,144,836
Northrop Grumman Corp.	21,700		1,610,574
			10,451,859
Air Freight & Logistics (0.3%)
FedEx Corp.	26,110		2,804,997
United Parcel Service, Inc., Class B	600		42,060
			2,847,057
Airlines (0.7%)
JetBlue Airways Corp.*^	489,000		5,628,390
Building Products (0.0%)
Masco Corp.	7,000		191,800
Commercial Services & Supplies (0.2%)
Avery Dennison Corp.	20,500		1,317,330
Electrical Equipment (0.2%)
Cooper Industries Ltd., Class A	10,450		470,146
Emerson Electric Co.	31,600		1,361,644
			1,831,790
Industrial Conglomerates (3.7%)
General Electric Co.	820,130		28,999,797
Textron, Inc.	8,700		781,260
Tyco International Ltd.	80,500		2,539,775
			32,320,832
Machinery (0.6%)
Cummins, Inc.	11,100		1,606,392
Eaton Corp.	19,250		1,608,530
Ingersoll-Rand Co., Ltd., Class A	20,000		867,400
SPX Corp.	14,000		982,800
			5,065,122
Road & Rail (1.4%)
CSX Corp.	17,800		712,890
Hertz Global Holdings, Inc.*	496,350		11,763,495
			12,476,385
Total Industrials			72,130,565
Information Technology (18.8%)
Communications Equipment (4.1%)
Cisco Systems, Inc.*	174,200		4,447,326
Corning, Inc.*	260,415		5,921,837
Motorola, Inc.	505,450		8,931,302
Nokia Oyj (ADR)*	59,100		1,354,572
QUALCOMM, Inc.	312,375		13,325,917
Research In Motion Ltd.*	13,620		1,858,994
			35,839,948

46

AXA PREMIER VIP TRUST

AXA PREMIER VIP LARGE CAP CORE EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2007 (Unaudited)

	Number of Shares		Value (Note 1)
Computers & Peripherals (4.7%)
Apple Inc.*		124,910	$	11,605,388
Dell, Inc.*		173,750		4,032,737
EMC Corp.*		354,080		4,904,008
Hewlett-Packard Co.		355,970		14,288,636
International Business Machines Corp.		45,400		4,279,404
Lexmark International, Inc., Class A*		22,700		1,327,042
				40,437,215
Electronic Equipment & Instruments (0.5%)
Arrow Electronics, Inc.*		15,000		566,250
Avnet, Inc.*		25,500		921,570
Celestica, Inc.*^		39,900		244,587
Flextronics International Ltd.*		111,500		1,219,810
Ingram Micro, Inc., Class A*		16,000		308,960
Sanmina-SCI Corp.*		46,300		167,606
Solectron Corp.*		154,400		486,360
Tech Data Corp.*		17,600		630,256
				4,545,399
Internet Software & Services (2.7%)
Google, Inc., Class A*		32,626		14,947,928
Yahoo!, Inc.*		282,050		8,825,345
				23,773,273
IT Services (0.5%)
Accenture Ltd., Class A		39,000		1,503,060
Ceridian Corp.*		25,400		884,936
Electronic Data Systems Corp.		53,800		1,489,184
				3,877,180
Semiconductors & Semiconductor Equipment (3.2%)
Advanced Micro Devices, Inc.*^		170,335		2,224,575
Intel Corp.		116,700		2,232,471
MEMC Electronic Materials, Inc.*		130,137		7,883,700
Samsung Electronics Co., Ltd. (GDR)§		26,118		7,816,519
Taiwan Semiconductor Manufacturing Co., Ltd. (ADR)		126,200		1,356,650
Texas Instruments, Inc.		207,380		6,242,138
				27,756,053
Software (3.1%)
Adobe Systems, Inc.*		59,850		2,495,745
Microsoft Corp.		529,950		14,769,706
Oracle Corp.*.		426,350		7,729,726
SAP AG (Sponsored ADR)^		43,840		1,957,456
				26,952,633
Total Information Technology				163,181,701
Materials (5.0%)
Chemicals (1.6%)
Air Products & Chemicals, Inc.		89,400		6,605,766
Ashland, Inc.		6,600		432,960
Dow Chemical Co.		46,500		2,132,490
E.I. du Pont de Nemours & Co.		39,700		1,962,371
Hercules, Inc.*		30,500		595,970
Lubrizol Corp.		22,800		1,174,884
PPG Industries, Inc.		16,300		1,146,053
				14,050,494
Containers & Packaging (0.4%)
Bemis Co., Inc.		7,200		240,408
Crown Holdings, Inc.*		39,800		973,508
Owens-Illinois, Inc.*		54,400		1,401,888
Sonoco Products Co.		25,000		939,500
				3,555,304
Metals & Mining (3.0%)
Alcoa, Inc.		329,100		11,156,490
Arcelor Mittal, Class A (N.Y. Shares)^		32,000		1,692,480
Freeport-McMoRan Copper & Gold, Inc.		93,300		6,175,527
Southern Copper Corp.^		94,900		6,800,534
				25,825,031
Total Materials				43,430,829
Telecommunication Services (5.0%)
Diversified Telecommunication Services (2.5%)
AT&T, Inc.		100,800		3,974,544
Chunghwa Telecom Co., Ltd. (ADR)		314,582		6,266,474
Embarq Corp.		15,400		867,790
Level 3 Communications, Inc.*^		1,151,100		7,021,710
Verizon Communications, Inc.		98,800		3,746,496
				21,877,014
Wireless Telecommunication Services (2.5%)
American Tower Corp., Class A*		12,000		467,400
China Mobile Ltd.		614,500		5,587,793
Crown Castle International Corp.*		205,700		6,609,141
NII Holdings, Inc.*		85,115		6,313,831
Sprint Nextel Corp.		129,100		2,447,736
				21,425,901
Total Telecommunication Services				43,302,915
Utilities (1.5%)
Electric Utilities (1.4%)
Entergy Corp.		106,300		11,152,996
Pinnacle West Capital Corp.		20,300		979,475
				12,132,471
Independent Power Producers & Energy Traders (0.1%)
Constellation Energy Group, Inc.		4,625		402,144
Total Utilities				12,534,615
Total Common Stocks (96.4%) (Cost $752,967,063)				835,281,064
	Principal Amount
SHORT-TERM INVESTMENTS:
Short-Term Investments of Cash Collateral for Securities Loaned (7.0%)
ACCR, Series 06-2 A1
5.36%, 6/27/08 (l)	$	163,708		163,708
Aegis Finance LLC
5.31%, 4/19/07		1,704,079		1,704,079
Banesto S.A./Madrid
5.33%, 4/19/07		891,603		891,603
Barclays Capital, Repurchase Agreement
5.40%, 4/2/07 (r)		14,071,842		14,071,842
Bear Stearns Cos., Inc.
5.57%, 3/23/09 (l)		891,603		891,603
Cedar Springs Capital Co. LLC
5.33%, 4/25/07		1,242,691		1,242,691
CIT Group Holdings, Inc.
5.37%, 4/30/08 (l)		1,711,877		1,711,877
Citigroup Funding, Inc.
5.36%, 4/4/07		1,781,350		1,781,350
5.36%, 3/16/09 (l)		891,603		891,603
Comerica Bank
5.35%, 3/16/09 (l)		356,598		356,598
Concord Minutemen C.C. LLC, Series B
5.31%, 4/10/07		713,276		713,276
Corp. Andina de Fomento
5.31%, 4/12/07		1,414,266		1,414,266
Credit Industriel et Commercial
5.33%, 4/18/07		891,614		891,614
5.33%, 4/25/07		893,048		893,048

47

AXA PREMIER VIP TRUST

AXA PREMIER VIP LARGE CAP CORE EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Concluded)

March 31, 2007 (Unaudited)

	Principal Amount		Value (Note 1)
Crown Point Capital Co.
5.29%, 4/5/07	$	1,775,113	$	1,775,113
DekaBank Deutsche
5.38%, 4/30/08 (l)		927,267		927,267
DLJ/Pershing Division, Repurchase Agreement
5.54%, 4/2/07 (r)		891,603		891,603
Fenway Funding LLC
5.35%, 6/18/07		1,583,700		1,583,700
5.35%, 6/27/07		1,006,924		1,006,924
Fifth Third Bancorp
5.32%, 4/30/08 (l)		106,991		106,991
Goldman Sachs Group, Inc.
5.38%, 3/28/08 (l)		392,305		392,305
5.56%, 4/30/08 (l)		713,282		713,282
5.41%, 3/27/09 (l)		891,603		891,603
Hartford Life, Inc.
5.45%, 3/28/08 (l)		285,313		285,313
HSBC Finance Corp.
5.33%, 4/9/07		1,419,633		1,419,633
5.32%, 4/11/07		1,774,296		1,774,296
5.32%, 4/12/07		1,596,631		1,596,631
Kommunalkredit International Bank
5.34%, 4/6/07		1,759,451		1,759,451
Lehman Brothers, Inc.
5.56%, 6/29/07 (l)		124,824		124,824
MBIA Global Funding LLC
5.37%, 3/30/09 (l)		891,603		891,603
Mizuho Corporate Bank Ltd./London
5.34%, 4/10/07		606,290		606,290
5.34%, 4/23/07		713,282		713,282
Mizuho Corporate Bank Ltd./New York
5.31%, 4/10/07		891,603		891,603
Natexis Banques Populaires N.Y.
5.34%, 8/7/07 (l)		891,603		891,603
5.37%, 1/28/08 (l)		1,069,923		1,069,923
National Bank of Canada
5.42%, 4/2/07		2,853,127		2,853,127
New York Life Insurance Co.
5.41%, 6/29/07 (l)		891,603		891,603
Norinchukin Bank N.Y.
5.34%, 4/9/07		1,604,885		1,604,885
5.33%, 4/16/07		891,603		891,603
5.32%, 6/5/07		1,783,205		1,783,205
Park Sienna LLC
5.32%, 5/10/07		882,988		882,988
Raiffeisen Zentralbank
5.31%, 4/19/07		1,775,870		1,775,870
Rhein-Main Securitisaton Ltd.
5.35%, 7/16/07		1,350,993		1,350,993
Silver Tower U.S. Funding LLC
5.37%, 8/16/07		694,941		694,941
Total Short-Term Investments of Cash Collateral for Securities Loaned				60,661,613
Time Deposit (3.8%)
JPMorgan Chase Nassau
4.79%, 4/2/07		33,258,345		33,258,345
Total Short-Term Investments (10.8%) (Amortized Cost $93,919,958)				93,919,958
Total Investments (107.2%) (Cost/Amortized Cost $846,887,021)				929,201,022
Other Assets Less Liabilities (-7.2%)				(62,282,675	)
Net Assets (100%)			$	866,918,347

* Non-income producing.

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

§ Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may only be resold to qualified institutional buyers. At March 31, 2007, the market value of these securities amounted to $7,816,519 or 0.90% of net assets. Securities denoted with “§” but without “(b)”have been determined to be liquid under the guidelines established by the Board of Trustees. To the extent any securities might provide a right to demand registration, such rights have not been relied upon when determining liquidity.

(l) Floating Rate Security. Rate disclosed is as of March 31, 2007.

(r) The repurchase agreement is fully collateralized by the U.S. government and/or agency obligations based on market prices at the date of this portfolio of investments.

Glossary:

ADR — American Depositary Receipt

GDR — Global Depositary Receipt

Investment security transactions for the three months ended March 31, 2007 were as follows:

Cost of Purchases:
Stocks and long-term corporate debt securities	$	162,350,181
Net Proceeds of Sales and Redemptions:
Stocks and long-term corporate debt securities	$	106,063,067

As of March 31, 2007, 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	$	93,303,993
Aggregate gross unrealized depreciation		(12,839,291	)
Net unrealized appreciation	$	80,464,702
Federal income tax cost of investments	$	848,736,320

At March 31, 2007, the Portfolio had loaned securities with a total value of $59,142,039.This was secured by collateral of $60,661,613 which was received as cash and subsequently invested in short-term investments as reported in the portfolio of investments.

See Notes to Financial Statements.

48

AXA PREMIER VIP TRUST

AXA PREMIER VIP LARGE CAP GROWTH PORTFOLIO

PORTFOLIO OF INVESTMENTS

March 31, 2007 (Unaudited)

	Number of Shares	Value (Note 1)
COMMON STOCKS:
Consumer Discretionary (12.5%)
Hotels, Restaurants & Leisure (2.8%)
International Game Technology	64,200	$	2,592,396
Marriott International, Inc., Class A^	74,100		3,627,936
Starbucks Corp.*	41,400		1,298,304
Starwood Hotels & Resorts Worldwide, Inc.	31,000		2,010,350
Wynn Resorts Ltd.	9,000		853,740
			10,382,726
Household Durables (1.3%)
Harman International Industries, Inc.	17,600		1,691,008
Pulte Homes, Inc.^	113,650		3,007,179
			4,698,187
Internet & Catalog Retail (2.4%)
Amazon.com, Inc.*^	230,385		9,167,019
Media (1.8%)
Comcast Corp., Class A*	88,100		2,286,195
EchoStar Communications Corp., Class A*	32,700		1,420,161
Walt Disney Co.	55,400		1,907,422
XM Satellite Radio Holdings, Inc., Class A*	100,800		1,302,336
			6,916,114
Multiline Retail (2.1%)
J.C. Penney Co., Inc.	34,900		2,867,384
Kohl's Corp.*	36,100		2,765,621
Target Corp.	41,100		2,435,586
			8,068,591
Specialty Retail (0.8%)
Bed Bath & Beyond, Inc.*	45,500		1,827,735
Lowe's Cos., Inc.	36,600		1,152,534
			2,980,269
Textiles, Apparel & Luxury Goods (1.3%)
Coach, Inc.*	57,600		2,882,880
Polo Ralph Lauren Corp.	20,700		1,824,705
			4,707,585
Total Consumer Discretionary			46,920,491
Consumer Staples (4.9%)
Beverages (0.9%)
PepsiCo, Inc.	51,400		3,266,984
Food & Staples Retailing (2.2%)
CVS/Caremark Corp.	45,108		1,539,987
Wal-Mart Stores, Inc.	25,000		1,173,750
Walgreen Co.	124,770		5,725,695
			8,439,432
Household Products (1.8%)
Clorox Co.	24,600		1,566,774
Colgate-Palmolive Co.	29,000		1,936,910
Procter & Gamble Co.	53,400		3,372,744
			6,876,428
Total Consumer Staples			18,582,844
Energy (4.5%)
Energy Equipment & Services (4.2%)
Schlumberger Ltd.	188,275		13,009,802
Transocean, Inc.*	16,800		1,372,560
Weatherford International Ltd.*^	29,200		1,316,920
			15,699,282
Oil, Gas & Consumable Fuels (0.3%)
Canadian Natural Resources Ltd.	25,000		1,379,750
Total Energy			17,079,032
Financials (12.8%)
Capital Markets (4.3%)
E*Trade Financial Corp.*	88,500		1,877,970
Franklin Resources, Inc.	41,600		5,026,528
Goldman Sachs Group, Inc.	16,500		3,409,395
Morgan Stanley	30,400		2,394,304
State Street Corp.	51,800		3,354,050
			16,062,247
Commercial Banks (2.1%)
Commerce Bancorp, Inc./ New Jersey^	148,175		4,946,081
U.S. Bancorp.	38,600		1,349,842
Zions Bancorp.	19,300		1,631,236
			7,927,159
Consumer Finance (0.8%)
SLM Corp.	75,835		3,101,652
Diversified Financial Services (1.1%)
Chicago Mercantile Exchange Holdings, Inc., Class A	6,500		3,460,990
IntercontinentalExchange, Inc.*	5,800		708,818
			4,169,808
Insurance (3.0%)
American International Group, Inc.	29,600		1,989,712
MetLife, Inc.	28,300		1,787,145
Progressive Corp.	338,400		7,383,888
			11,160,745
Thrifts & Mortgage Finance (1.5%)
Countrywide Financial Corp.	174,400		5,866,816
Total Financials			48,288,427
Health Care (18.3%)
Biotechnology (7.8%)
Amgen, Inc.*	69,445		3,880,587
Celgene Corp.*^	84,400		4,427,624
Cephalon, Inc.*	11,600		826,036
Genentech, Inc.*	119,520		9,814,982
Genzyme Corp.*	66,500		3,991,330
Gilead Sciences, Inc.*	85,900		6,571,350
			29,511,909
Health Care Equipment & Supplies (3.1%)
Medtronic, Inc.	72,100		3,537,226
St. Jude Medical, Inc.*	64,900		2,440,889
Stryker Corp.	21,700		1,439,144
Varian Medical Systems, Inc.*	74,700		3,562,443
Zimmer Holdings, Inc.*	7,875		672,604
			11,652,306
Health Care Providers & Services (3.3%)
Medco Health Solutions, Inc.*	21,800		1,581,154
UnitedHealth Group, Inc.	97,100		5,143,387
WellPoint, Inc.*	67,600		5,482,360
			12,206,901
Health Care Technology (0.7%)
Cerner Corp.*^	51,000		2,776,950
Pharmaceuticals (3.4%)
Abbott Laboratories	73,000		4,073,400
Johnson & Johnson	37,000		2,229,620
Merck & Co., Inc.	34,800		1,537,116
Novartis AG (ADR)	34,400		1,879,272
Schering-Plough Corp.	80,300		2,048,453
Sepracor, Inc.*	23,800		1,109,794
			12,877,655
Total Health Care			69,025,721
Industrials (9.3%)
Aerospace & Defense (1.7%)
Boeing Co.	39,700		3,529,727

49

AXA PREMIER VIP TRUST

AXA PREMIER VIP LARGE CAP GROWTH PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2007 (Unaudited)

	Number of Shares		Value (Note 1)
United Technologies Corp.		44,700	$	2,905,500
				6,435,227
Air Freight & Logistics (2.5%)
CH Robinson Worldwide, Inc.		68,440		3,268,010
Expeditors International of Washington, Inc.		110,000		4,545,200
FedEx Corp.		13,200		1,418,076
				9,231,286
Airlines (0.7%)
Southwest Airlines Co.		177,800		2,613,660
Industrial Conglomerates (3.7%)
General Electric Co.		396,000		14,002,560
Machinery (0.7%)
Danaher Corp.		38,600		2,757,970
Total Industrials				35,040,703
Information Technology (33.4%)
Communications Equipment (4.4%)
Juniper Networks, Inc.*		194,600		3,829,728
QUALCOMM, Inc.		303,365		12,941,551
				16,771,279
Computers & Peripherals (5.4%)
Apple Inc.*		62,600		5,816,166
Dell, Inc.*		84,450		1,960,085
EMC Corp./Massachusetts*		88,700		1,228,495
Hewlett-Packard Co.		62,800		2,520,792
Network Appliance, Inc.*		243,185		8,881,116
				20,406,654
Internet Software & Services (8.1%)
eBay, Inc.*		223,200		7,399,080
Google, Inc., Class A*		36,150		16,562,484
VeriSign, Inc.*		66,610		1,673,243
Yahoo!, Inc.*		151,875		4,752,169
				30,386,976
IT Services (2.0%)
Accenture Ltd., Class A		65,300		2,516,662
Automatic Data Processing, Inc.		40,200		1,747,695
Broadridge Financial Solutions, LLC*		1,050		20,685
Cognizant Technology Solutions Corp., Class A*		35,000		3,089,450
				7,374,492
Semiconductors & Semiconductor Equipment (5.8%)
Analog Devices, Inc.		64,500		2,224,605
Applied Materials, Inc.		129,200		2,366,944
Broadcom Corp., Class A*		100,300		3,216,621
Intel Corp.		186,400		3,565,832
Marvell Technology Group Ltd.*^		262,100		4,405,901
Maxim Integrated Products, Inc.		66,400		1,952,160
Texas Instruments, Inc.		44,100		1,327,410
Xilinx, Inc.		104,100		2,678,493
				21,737,966
Software (7.7%)
Adobe Systems, Inc.*		85,300		3,557,010
Autodesk, Inc.*		195,570		7,353,432
Electronic Arts, Inc.*		25,800		1,299,288
Microsoft Corp.		282,700		7,878,849
NAVTEQ Corp.*		22,500		776,250
Red Hat, Inc.*		50,200		1,151,086
Salesforce.com, Inc.*^		165,900		7,103,838
				29,119,753
Total Information Technology				125,797,120
Materials (1.3%)
Chemicals (1.3%)
Air Products & Chemicals, Inc.		17,300		1,278,297
Monsanto Co.		62,400		3,429,504
				4,707,801
Total Materials				4,707,801
Telecommunication Services (1.4%)
Wireless Telecommunication Services (1.4%)
American Tower Corp., Class A*		134,600		5,242,670
Total Telecommunication Services				5,242,670
Total Common Stocks (98.4%) (Cost $328,894,990)				370,684,809
	Principal Amount
SHORT-TERM INVESTMENTS
Short-Term Investments of Cash Collateral for Securities Loaned (7.6%)
ACCR, Series 06-2 A1
5.36%, 6/27/08 (l)	$	76,926		76,926
Aegis Finance LLC
5.31%, 4/19/07		800,742		800,742
Banesto S.A./Madrid
5.33%, 4/19/07		418,962		418,962
Barclays Capital, Repurchase Agreement
5.40%, 4/2/07 (r)		6,612,318		6,612,318
Bear Stearns Cos., Inc.
5.57%, 3/23/09 (l)		418,962		418,962
Cedar Springs Capital Co. LLC
5.33%, 4/25/07		583,937		583,937
CIT Group Holdings, Inc.
5.37%, 4/30/08 (l)		804,406		804,406
Citigroup Funding, Inc.
5.36%, 4/4/07		837,050		837,050
5.36%, 3/16/09 (l)		418,962		418,962
Comerica Bank
5.35%, 3/16/09 (l)		167,564		167,564
Concord Minutemen C.C. LLC, Series B
5.31%, 4/10/07		335,167		335,167
Corp. Andina de Fomento
5.31%, 4/12/07		664,560		664,560
Credit Industriel et Commercial
5.33%, 4/18/07		418,967		418,967
5.33%, 4/25/07		419,641		419,641
Crown Point Capital Co.
5.29%, 4/5/07		834,120		834,120
DekaBank Deutsche
5.38%, 4/30/08 (l)		435,720		435,720
DLJ/Pershing Division, Repurchase Agreement
5.54%, 4/2/07 (r)		418,962		418,962
Fenway Funding LLC
5.35%, 6/18/07		744,176		744,176
5.35%, 6/27/07		473,151		473,151
Fifth Third Bancorp
5.32%, 4/30/08 (l)		50,275		50,275
Goldman Sachs Group, Inc.
5.38%, 3/28/08 (l)		184,343		184,343
5.56%, 4/30/08 (l)		335,169		335,169
5.41%, 3/27/09 (l)		418,962		418,962
Hartford Life, Inc.
5.45%, 3/28/08 (l)		134,068		134,068
HSBC Finance Corp.
5.33%, 4/9/07		667,082		667,082
5.32%, 4/11/07		833,736		833,736
5.32%, 4/12/07		750,252		750,252
Kommunalkredit International Bank
5.34%, 4/6/07		826,760		826,760

50

AXA PREMIER VIP TRUST

AXA PREMIER VIP LARGE CAP GROWTH PORTFOLIO

PORTFOLIO OF INVESTMENTS (Concluded)

March 31, 2007 (Unaudited)

	Principal Amount		Value (Note 1)
Lehman Brothers, Inc.
5.56%, 6/29/07 (l)	$	58,655	$	58,655
MBIA Global Funding LLC
5.37%, 3/30/09 (l)		418,962		418,962
Mizuho Corporate Bank Ltd./London
5.34%, 4/10/07		284,894		284,894
5.34%, 4/23/07		335,169		335,169
Mizuho Corporate Bank Ltd./New York
5.31%, 4/10/07		418,962		418,962
Natexis Banques Populaires N.Y.
5.34%, 8/7/07 (l)		418,962		418,962
5.37%, 1/28/08 (l)		502,754		502,754
National Bank of Canada
5.42%, 4/2/07		1,340,676		1,340,676
New York Life Insurance Co.
5.41%, 6/29/07 (l)		418,962		418,962
Norinchukin Bank N.Y.
5.34%, 4/9/07		754,131		754,131
5.33%, 4/16/07		418,962		418,962
5.32%, 6/5/07		837,922		837,922
Park Sienna LLC
5.32%, 5/10/07		414,914		414,914
Raiffeisen Zentralbank
5.31%, 4/19/07		834,475		834,475
Rhein-Main Securitisaton Ltd.
5.35%, 7/16/07		634,828		634,828
Silver Tower U.S. Funding LLC
5.37%, 8/16/07		326,551		326,551
Total Short-Term Investments of Cash Collateral for Securities Loaned				28,504,719
Time Deposit (2.0%)
JPMorgan Chase Nassau
4.79%, 4/2/07		7,784,411		7,784,411
Total Short-Term Investments (9.6%) (Amortized Cost $36,289,130)				36,289,130
Total Investments (108.0%) (Cost/Amortized Cost $365,184,120)				406,973,939
Other Assets Less Liabilities (-8.0%)				(30,306,339	)
Net Assets (100%)			$	376,667,600

* Non-income producing.

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

(l) Floating Rate Security. Rate disclosed is as of March 31, 2007.

(r) The repurchase agreement is fully collateralized by U.S. government and/or agency obligations based on market prices at the date of this portfolio of investments.

Glossary:

ADR — American Depositary Receipt

Investment security transactions for the three months ended March 31, 2007 were as follows:

Cost of Purchases:
Stocks and long-term corporate debt securities	$	140,539,742
Net Proceeds of Sales and Redemptions:
Stocks and long-term corporate debt securities		152,472,919

As of March 31, 2007, 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	$	50,598,725
Aggregate gross unrealized depreciation		(10,933,672	)
Net unrealized appreciation	$	39,665,053
Federal income tax cost of investments	$	367,308,886

At March 31, 2007, the Portfolio had loaned securities with a total value of $27,889,489. This was secured by collateral of $28,504,719 which was received as cash and subsequently invested in short-term investments as reported in the portfolio of investments.

For the three months ended March 31, 2007, the Portfolio incurred approximately $196 as brokerage commissions with Sanford C. Bernstein & Co., Inc, and $85 with Cowen and Company, affiliated broker/dealers.

See Notes to Financial Statements.

51

AXA PREMIER VIP TRUST

AXA PREMIER VIP LARGE CAP VALUE PORTFOLIO

PORTFOLIO OF INVESTMENTS

March 31, 2007 (Unaudited)

	Number of Shares	Value (Note 1)
COMMON STOCKS:
Consumer Discretionary (10.4%)
Auto Components (0.6%)
Autoliv, Inc.	46,400	$	2,649,904
BorgWarner, Inc.	30,800		2,322,936
Johnson Controls, Inc.	30,620		2,897,264
Magna International, Inc., Class A	33,800		2,538,718
			10,408,822
Automobiles (0.4%)
DaimlerChrysler AG	43,100		3,526,011
Ford Motor Co.	470,800		3,714,612
			7,240,623
Hotels, Restaurants & Leisure (2.8%)
Intercontinental Hotels Group plc (ADR)	535,100		13,233,023
McDonald's Corp.	719,950		32,433,747
Royal Caribbean Cruises Ltd.	41,660		1,756,386
			47,423,156
Household Durables (0.3%)
Centex Corp.	29,400		1,228,332
KB Home	31,700		1,352,639
Lennar Corp., Class B	18,200		717,626
Toll Brothers, Inc.*^	59,660		1,633,491
			4,932,088
Leisure Equipment & Products (0.0%)
Hasbro, Inc.	11,230		321,402
Media (2.6%)
CBS Corp., Class B	135,700		4,151,063
Comcast Corp., Class A*	18,300		474,885
New York Times Co., Class A^	58,260		1,369,693
Time Warner, Inc.	183,900		3,626,508
Tribune Co.	98,800		3,172,468
Viacom, Inc., Class B*	619,600		25,471,756
Walt Disney Co.	129,570		4,461,095
WPP Group plc	181,370		2,748,199
			45,475,667
Multiline Retail (2.4%)
Dollar Tree Stores, Inc.*	32,500		1,242,800
Family Dollar Stores, Inc.	86,200		2,553,244
Federated Department Stores, Inc.	286,220		12,894,211
Target Corp.	420,850		24,939,571
			41,629,826
Specialty Retail (0.5%)
Gap, Inc.	145,200		2,498,892
Limited Brands, Inc.	37,400		974,644
Office Depot, Inc.*	67,800		2,382,492
Sherwin-Williams Co.^	41,770		2,758,491
			8,614,519
Textiles, Apparel & Luxury Goods (0.8%)
Hanesbrands, Inc.*^	12,823		376,868
Jones Apparel Group, Inc.	62,900		1,932,917
Liz Claiborne, Inc.	29,700		1,272,645
NIKE, Inc., Class B	72,680		7,722,977
VF Corp.	38,700		3,197,394
			14,502,801
Total Consumer Discretionary			180,548,904
Consumer Staples (7.4%)
Beverages (1.9%)
Coca-Cola Co.	244,650		11,743,200
Coca-Cola Enterprises, Inc.	146,700		2,970,675
Diageo plc.	316,868		6,419,434
Molson Coors Brewing Co., Class B	37,900		3,586,098
Pepsi Bottling Group, Inc.	88,100		2,809,509
PepsiAmericas, Inc.	49,400		1,102,608
PepsiCo, Inc.	69,060		4,389,453
			33,020,977
Food & Staples Retailing (1.5%)
CVS/Caremark Corp.^	558,163		19,055,668
Safeway, Inc.	111,300		4,078,032
Wal-Mart Stores, Inc.	55,000		2,582,250
			25,715,950
Food Products (1.2%)
Kellogg Co.	174,340		8,966,306
Nestle S.A. (Registered)	14,614		5,691,541
Sara Lee Corp.	181,600		3,072,672
Tyson Foods, Inc., Class A	183,440		3,560,570
			21,291,089
Household Products (0.8%)
Clorox Co.	52,300		3,330,987
Procter & Gamble Co.	160,800		10,156,128
			13,487,115
Tobacco (2.0%)
Altria Group, Inc.	387,270		34,006,179
Altria Group, Inc. (When Issued)*	13,200		869,616
			34,875,795
Total Consumer Staples			128,390,926
Energy (12.0%)
Energy Equipment & Services (1.0%)
Noble Corp.^	27,240		2,143,243
Schlumberger Ltd.^	235,800		16,293,780
			18,437,023
Oil, Gas & Consumable Fuels (11.0%)
Apache Corp.	60,960		4,309,872
BP plc (ADR)	41,900		2,713,025
Chevron Corp.	261,909		19,370,790
ConocoPhillips	304,220		20,793,437
Consol Energy, Inc.	47,000		1,839,110
Devon Energy Corp.	89,450		6,191,729
EOG Resources, Inc.	53,960		3,849,506
Exxon Mobil Corp.	586,330		44,238,599
Hess Corp.	565,780		31,383,817
Marathon Oil Corp.	58,200		5,751,906
Occidental Petroleum Corp.	536,882		26,473,651
Royal Dutch Shell plc, (ADR)	78,840		5,227,092
Total S.A. (Sponsored ADR)	231,010		16,119,878
Valero Energy Corp	21,100		1,360,739
			189,623,151
Total Energy			208,060,174
Financials (27.1%)
Capital Markets (4.7%)
Bank of New York Co., Inc.	213,490		8,657,019
Franklin Resources, Inc.	31,900		3,854,477
Goldman Sachs Group, Inc.	70,320		14,530,222
Lehman Brothers Holdings, Inc.	57,600		4,036,032
Mellon Financial Corp.^	121,970		5,261,786
Merrill Lynch & Co., Inc.	73,600		6,010,912
Morgan Stanley.	365,250		28,767,090
UBS AG (Registered)	163,777		9,731,061
			80,848,599
Commercial Banks (3.4%)
BB&T Corp.	73,100		2,998,562
Comerica, Inc.	57,400		3,393,488
Fifth Third Bancorp	101,500		3,927,035
KeyCorp	100,400		3,761,988
National City Corp.	119,900		4,466,275
PNC Financial Services Group, Inc.	99,900		7,189,803
SunTrust Banks, Inc.	189,840		15,764,313

52

AXA PREMIER VIP TRUST

AXA PREMIER VIP LARGE CAP VALUE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2007 (Unaudited)

	Number of Shares	Value (Note 1)
U.S. Bancorp.	207,900	$	7,270,263
Wachovia Corp.	84,700		4,662,735
Wells Fargo & Co.	141,900		4,885,617
			58,320,079
Consumer Finance (0.3%)
American Express Co.	102,890		5,802,996
Diversified Financial Services (7.3%)
Bank of America Corp.	812,503		41,453,903
Citigroup, Inc.	787,030		40,406,120
JPMorgan Chase & Co.	901,000		43,590,380
			125,450,403
Insurance (9.2%)
ACE Ltd.	44,400		2,533,464
Aflac, Inc.	83,450		3,927,157
Allstate Corp.	317,020		19,040,221
Ambac Financial Group, Inc.	13,600		1,174,904
American International Group, Inc.	603,550		40,570,631
Chubb Corp.	67,910		3,508,910
Cincinnati Financial Corp.	23,000		975,200
Fidelity National Financial, Inc.	127,700		3,066,077
Genworth Financial, Inc., Class A	284,350		9,935,189
Hartford Financial Services Group, Inc.	113,150		10,814,877
MBIA, Inc.	46,500		3,045,285
MetLife, Inc.	361,540		22,831,251
Old Republic International Corp.	131,400		2,906,568
Torchmark Corp.	48,100		3,154,879
Travelers Cos., Inc.	626,949		32,457,150
			159,941,763
Thrifts & Mortgage Finance (2.2%)
Astoria Financial Corp.	57,300		1,523,607
Countrywide Financial Corp.	126,700		4,262,188
Fannie Mae	298,260		16,279,031
Freddie Mac	116,320		6,919,877
MGIC Investment Corp.	48,600		2,863,512
Washington Mutual, Inc.	144,100		5,818,758
			37,666,973
Total Financials			468,030,813
Health Care (8.7%)
Health Care Equipment & Supplies (0.8%)
Hospira, Inc.*	347,500		14,212,750
Health Care Providers & Services (0.9%)
AmerisourceBergen Corp.	67,000		3,534,250
Cardinal Health, Inc.	24,000		1,750,800
UnitedHealth Group, Inc.	54,640		2,894,281
WellPoint, Inc.*	76,800		6,228,480
			14,407,811
Pharmaceuticals (7.0%)
Abbott Laboratories	41,720		2,327,976
Eli Lilly & Co.	515,840		27,705,767
Johnson & Johnson	246,290		14,841,435
Merck & Co., Inc.	325,520		14,378,218
Novartis AG (ADR)	583,300		31,865,679
Pfizer, Inc	690,900		17,452,134
Schering-Plough Corp.	114,100		2,910,691
Wyeth	193,430		9,677,303
			121,159,203
Total Health Care			149,779,764
Industrials (9.9%)
Aerospace & Defense (3.0%)
General Dynamics Corp.	58,500		4,469,400
Lockheed Martin Corp.	221,910		21,529,708
Northrop Grumman Corp.	231,170		17,157,438
United Technologies Corp.	135,710		8,821,150
			51,977,696
Building Products (0.7%)
American Standard Cos., Inc.	56,000		2,969,120
Masco Corp.	341,140		9,347,236
			12,316,356
Commercial Services & Supplies (0.1%)
Avery Dennison Corp.	39,700		2,551,122
Electrical Equipment (0.3%)
Cooper Industries Ltd., Class A	16,580		745,934
Rockwell Automation, Inc.	65,310		3,910,110
			4,656,044
Industrial Conglomerates (2.8%)
General Electric Co.	519,300		18,362,448
Textron, Inc.^	315,450		28,327,410
Tyco International Ltd.	65,400		2,063,370
			48,753,228
Machinery (1.0%)
Cummins, Inc.	17,100		2,474,712
Deere & Co.	81,590		8,863,938
Eaton Corp.	61,540		5,142,282
Ingersoll-Rand Co., Ltd., Class A	13,000		563,810
			17,044,742
Road & Rail (1.7%)
Burlington Northern Santa Fe Corp.	82,100		6,603,303
Norfolk Southern Corp.^	459,720		23,261,832
			29,865,135
Trading Companies & Distributors (0.3%)
W.W. Grainger, Inc.	56,530		4,366,377
Total Industrials			171,530,700
Information Technology (6.7%)
Communications Equipment (1.3%)
Cisco Systems, Inc.*^	184,210		4,702,881
Motorola, Inc.	926,950		16,379,207
Nokia Oyj (ADR)*	69,300		1,588,356
			22,670,444
Computers & Peripherals (2.0%)
Dell, Inc.*	97,000		2,251,370
Hewlett-Packard Co.	640,540		25,711,275
International Business Machines Corp.	37,100		3,497,046
Lexmark International, Inc., Class A*	44,700		2,613,162
			34,072,853
Electronic Equipment & Instruments (1.2%)
Agilent Technologies, Inc.*^	389,650		13,127,308
Avnet, Inc.*	55,600		2,009,384
Celestica, Inc.*	115,000		704,950
Flextronics International Ltd.*	221,200		2,419,928
Sanmina-SCI Corp.*	310,100		1,122,562
Solectron Corp.*	527,100		1,660,365
			21,044,497
IT Services (0.4%)
Accenture Ltd., Class A^	165,750		6,388,005
Electronic Data Systems Corp.	39,000		1,079,520
			7,467,525
Semiconductors & Semiconductor Equipment (1.1%)
Intel Corp.	324,890		6,215,146
Taiwan Semiconductor Manufacturing Co., Ltd. (ADR)	191,900		2,062,925

53

AXA PREMIER VIP TRUST

AXA PREMIER VIP LARGE CAP VALUE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2007 (Unaudited)

	Number of Shares		Value (Note 1)
Texas Instruments, Inc.^		366,900	$	11,043,690
				19,321,761
Software (0.7%)
Microsoft Corp.		86,700		2,416,329
Oracle Corp.*		482,120		8,740,836
				11,157,165
Total Information Technology				115,734,245
Materials (7.0%)
Chemicals (4.6%)
Air Products & Chemicals, Inc.		55,870		4,128,234
Dow Chemical Co.		217,640		9,980,970
E.I. du Pont de Nemours & Co.		598,150		29,566,554
Imperial Chemical Industries plc (ADR)^		326,400		12,847,104
Nalco Holding Co.		34,440		823,116
PPG Industries, Inc.		163,650		11,506,232
Praxair, Inc.		67,260		4,234,690
Syngenta AG (Registered)*		35,760		6,842,118
				79,929,018
Containers & Packaging (1.3%)
Bemis Co., Inc.		58,300		1,946,637
Crown Holdings, Inc.*		93,700		2,291,902
Smurfit-Stone Container Corp.*^		85,880		967,009
Temple-Inland, Inc.^		280,650		16,766,031
				21,971,579
Metals & Mining (1.0%)
Arcelor Mittal, Class A (N.Y. Shares)		52,300		2,766,147
Rio Tinto plc (ADR)^		61,400		13,987,534
				16,753,681
Paper & Forest Products (0.1%)
Bowater, Inc.^		11,500		273,930
International Paper Co.		56,290		2,048,956
				2,322,886
Total Materials				120,977,164
Telecommunication Services (5.0%)
Diversified Telecommunication Services (4.0%)
AT&T, Inc.		1,207,330		47,605,022
Embarq Corp		115,242		6,493,887
TELUS Corp. (Non-Voting)		19,120		954,261
Verizon Communications, Inc.		359,170		13,619,726
				68,672,896
Wireless Telecommunication Services (1.0%)
Sprint Nextel Corp.		638,580		12,107,477
Vodafone Group plc		1,872,617		4,993,215
				17,100,692
Total Telecommunication Services				85,773,588
Utilities (3.8%)
Electric Utilities (1.3%)
Allegheny Energy, Inc.*		57,400		2,820,636
American Electric Power Co., Inc.		90,700		4,421,625
Edison International, Inc.		61,500		3,021,495
Entergy Corp.		40,580		4,257,654
FPL Group, Inc.^		100,730		6,161,654
PPL Corp.		37,620		1,538,658
				22,221,722
Independent Power Producers & Energy Traders (0.4%)
TXU Corp.		95,360		6,112,576
Multi-Utilities (2.1%)
Ameren Corp.		64,400		3,239,320
Dominion Resources, Inc.^		360,350		31,988,270
Public Service Enterprise Group, Inc.		16,610		1,379,294
				36,606,884
Total Utilities				64,941,182
Total Common Stocks (98.0%) (Cost $1,547,887,847)				1,693,767,460
	Principal Amount
SHORT-TERM INVESTMENTS:
Commercial Paper (0.4%)
Cargill, Inc.
5.39%, 4/2/07 (n)(p)	$	6,755,000		6,752,977
Fairway Finance Corp.
5.41%, 4/2/07 (n)(p)		338,000		337,899
Total Commercial Paper				7,090,876
Short-Term Investments of Cash Collateral for Securities Loaned (3.5%)
ACCR, Series 06-2 A1
5.36%, 6/27/08 (l)		163,411		163,411
Aegis Finance LLC
5.31%, 4/19/07		1,700,982		1,700,982
Banesto S.A./Madrid
5.33%, 4/19/07		889,982		889,982
Barclays Capital, Repurchase Agreement
5.40%, 4/2/07 (r)		14,046,272		14,046,272
Bear Stearns Cos., Inc.
5.57%, 3/23/09 (l)		889,982		889,982
Cedar Springs Capital Co. LLC
5.33%, 4/25/07		1,240,433		1,240,433
CIT Group Holdings, Inc.
5.37%, 4/30/08 (l)		1,708,766		1,708,766
Citigroup Funding, Inc.
5.36%, 4/4/07		1,778,113		1,778,113
5.36%, 3/16/09 (l)		889,982		889,982
Comerica Bank
5.35%, 3/16/09 (l)		355,950		355,950
Concord Minutemen C.C. LLC, Series B
5.31%, 4/10/07		711,980		711,980
Corp. Andina de Fomento
5.31%, 4/12/07		1,411,696		1,411,696
Credit Industriel et Commercial
5.33%, 4/18/07		889,993		889,993
5.33%, 4/25/07		891,425		891,425
Crown Point Capital Co.
5.29%, 4/5/07		1,771,887		1,771,887
DekaBank Deutsche
5.38%, 4/30/08 (l)		925,582		925,582
DLJ/Pershing Division, Repurchase Agreement
5.54%, 4/2/07 (r)		889,982		889,982
Fenway Funding LLC
5.35%, 6/18/07		1,580,822		1,580,822
5.35%, 6/27/07		1,005,094		1,005,094
Fifth Third Bancorp
5.32%, 4/30/08 (l)		106,797		106,797
Goldman Sachs Group, Inc.
5.38%, 3/28/08 (l)		391,592		391,592
5.41%, 3/27/09 (l)		889,982		889,982
5.56%, 4/30/08 (l)		711,986		711,986
Hartford Life, Inc.
5.45%, 3/28/08 (l)		284,794		284,794
HSBC Finance Corp.
5.32%, 4/11/07		1,771,072		1,771,072
5.32%, 4/12/07		1,593,729		1,593,729
5.33%, 4/9/07		1,417,054		1,417,054
Kommunalkredit International Bank
5.34%, 4/6/07		1,756,253		1,756,253

54

AXA PREMIER VIP TRUST

AXA PREMIER VIP LARGE CAP VALUE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Concluded)

March 31, 2007 (Unaudited)

	Principal Amount		Value (Note 1)
Lehman Brothers, Inc.
5.56%, 6/29/07 (l)	$	124,598	$	124,598
MBIA Global Funding LLC
5.37%, 3/30/09 (l)		889,982		889,982
Mizuho Corporate Bank Ltd./London
5.34%, 4/10/07		605,188		605,188
5.34%, 4/23/07		711,986		711,986
Mizuho Corporate Bank Ltd./New York
5.31%, 4/10/07		889,982		889,982
Natexis Banques Populaires N.Y.
5.34%, 8/7/07 (l)		889,982		889,982
5.37%, 1/28/08 (l)		1,067,979		1,067,979
National Bank of Canada
5.42%, 4/2/07		2,847,945		2,847,945
New York Life Insurance Co.
5.41%, 6/29/07 (l)		889,982		889,982
Norinchukin Bank N.Y.
5.32%, 6/5/07		1,779,965		1,779,965
5.33%, 4/16/07		889,982		889,982
5.34%, 4/9/07		1,601,968		1,601,968
Park Sienna LLC
5.32%, 5/10/07		881,384		881,384
Raiffeisen Zentralbank
5.31%, 4/19/07		1,772,643		1,772,643
Rhein-Main Securitisaton Ltd.
5.35%, 7/16/07		1,348,538		1,348,538
Silver Tower U.S. Funding LLC
5.37%, 8/16/07		693,678		693,678
Total Short-Term Investments of Cash Collateral for Securities Loaned				60,551,375
Time Deposit (2.6%)
JPMorgan Chase Nassau
4.79%, 4/2/07		44,690,368		44,690,368
Total Short-Term Investments (6.5%) (Cost/Amortized Cost $112,333,681)				112,332,619
Total Investments (104.5%) (Cost/Amortized Cost $1,660,221,528)				1,806,100,079
Other Assets Less Liabilities (-4.5%)				(77,823,283	)
Net Assets (100%)			$	1,728,276,796

* Non-income producing.

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

(l) Floating Rate Security. Rate disclosed is as of March 31, 2007.

(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.

(r) The repurchase agreements are fully collateralized by U.S. government and/or agency obligations based on market prices at the date of this portfolio of investments.

Glossary:

ADR — American Depositary Receipt

Investment security transactions for the three months ended March 31, 2007 were as follows:

Cost of Purchases:
Stocks and long-term corporate debt securities	$	727,886,017
Net Proceeds of Sales and Redemptions:
Stocks and long-term corporate debt securities		642,032,855

As of March 31, 2007, 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	$	161,169,344
Aggregate gross unrealized depreciation		(19,496,775	)
Net unrealized appreciation	$	141,672,569
Federal income tax cost of investments	$	1,664,427,510

At March 31, 2007, the Portfolio had loaned securities with a total value of $59,781,412. This was secured by collateral of $60,551,375 which was received as cash and subsequently invested in short-term investments as reported in the portfolio of investments.

For the three months ended March 31, 2007, the Portfolio incurred approximately $10,334 as brokerage commissions with Sanford C. Bernstein & Co., Inc., an affiliated broker/dealer.

See Notes to Financial Statements.

55

AXA PREMIER VIP TRUST

AXA PREMIER VIP MID CAP GROWTH PORTFOLIO

PORTFOLIO OF INVESTMENTS

March 31, 2007 (Unaudited)

	Number of Shares	Value (Note 1)
COMMON STOCKS:
Consumer Discretionary (19.0%)
Auto Components (0.5%)
Drew Industries, Inc.*^	74,200	$	2,128,056
Tenneco, Inc.*	55,500		1,413,030
			3,541,086
Automobiles (0.3%)
Force Protection, Inc.*†(b)	139,300		2,162,479
Distributors (0.6%)
LKQ Corp.*^	217,220		4,748,429
Diversified Consumer Services (1.8%)
ITT Educational Services, Inc.*	73,100		5,956,919
Jackson Hewitt Tax Service, Inc.	42,600		1,370,868
Strayer Education, Inc.^	44,600		5,575,000
Universal Technical Institute, Inc.*^	47,900		1,105,532
			14,008,319
Hotels, Restaurants & Leisure (6.1%)
BJ's Restaurants, Inc.*^	68,200		1,441,066
Chipotle Mexican Grill, Inc., Class A*^	24,230		1,504,683
Chipotle Mexican Grill, Inc., Class B*	43,100		2,473,940
Gaylord Entertainment Co.*	111,200		5,879,144
Hilton Hotels Corp.	9,000		323,640
International Game Technology	158,300		6,392,154
Marriott International, Inc., Class A	107,300		5,253,408
Orient-Express Hotels Ltd., Class A^	157,500		9,421,650
Panera Bread Co., Class A*^	159,000		9,390,540
Penn National Gaming, Inc.*	73,500		3,117,870
Red Lion Hotels Corp.*^	60,100		747,644
Scientific Games Corp., Class A*^	14,200		466,186
			46,411,925
Household Durables (1.8%)
D.R. Horton, Inc.	97,000		2,134,000
Garmin Ltd.^	5,300		286,995
Harman International Industries, Inc.	70,600		6,783,248
Lennar Corp., Class A	49,300		2,080,953
NVR, Inc.*	310		206,150
Pulte Homes, Inc	78,900		2,087,694
			13,579,040
Internet & Catalog Retail (0.7%)
Stamps.com, Inc.*^	37,600		540,312
VistaPrint Ltd.*^	130,700		5,005,810
			5,546,122
Leisure Equipment & Products (0.2%)
MarineMax, Inc.*^	85,600		1,984,208
Media (0.4%)
National CineMedia, Inc.*	112,000		2,990,400
XM Satellite Radio Holdings, Inc., Class A*	18,000		232,560
			3,222,960
Specialty Retail (6.1%)
Abercrombie & Fitch Co.	3,600		272,448
Advance Auto Parts, Inc.	7,200		277,560
Aeropostale, Inc.*^	164,300		6,609,789
Big 5 Sporting Goods Corp.	50,500		1,308,960
Christopher & Banks Corp.^	68,700		1,337,589
Coldwater Creek, Inc.*^	160,450		3,253,926
Cost Plus, Inc.*^	71,200		712,000
Dick's Sporting Goods, Inc.*	126,300		7,358,238
GameStop Corp., Class A*	387,760		12,629,343
Guitar Center, Inc.*^	39,600		1,786,752
J. Crew Group, Inc.*^.	23,600		948,012
Men's Wearhouse, Inc.	7,000		329,350
PetSmart, Inc.	172,900		5,698,784
Ross Stores, Inc.	8,100		278,640
Select Comfort Corp.*^	92,300		1,642,940
Tractor Supply Co.*^	36,900		1,900,350
			46,344,681
Textiles, Apparel & Luxury Goods (0.5%)
Under Armour, Inc., Class A*^	61,580		3,159,054
Wolverine World Wide, Inc.	14,680		419,408
			3,578,462
Total Consumer Discretionary			145,127,711
Consumer Staples (1.4%)
Food Products (0.3%)
Bunge Ltd.^	2,800		230,216
Hain Celestial Group, Inc.*	79,800		2,399,586
			2,629,802
Personal Products (1.1%)
Bare Escentuals, Inc.*	81,900		2,937,753
Herbalife Ltd.*	128,700		5,043,753
			7,981,506
Total Consumer Staples			10,611,308
Energy (8.2%)
Energy Equipment & Services (4.0%)
Cameron International Corp.*	67,300		4,225,767
Complete Production Services, Inc.*	101,500		2,020,865
Diamond Offshore Drilling, Inc.	30,900		2,501,355
FMC Technologies, Inc.*	21,800		1,520,768
Grant Prideco, Inc.*	167,200		8,333,248
National Oilwell Varco, Inc.*	87,219		6,784,766
Superior Energy Services, Inc.*^	149,700		5,160,159
			30,546,928
Oil, Gas & Consumable Fuels (4.2%)
Bill Barrett Corp.*^	185,800		6,021,778
Denbury Resources, Inc.*^	148,570		4,425,901
Helix Energy Solutions Group, Inc.*^	99,600		3,714,084
Mariner Energy, Inc.*	170,100		3,254,013
Newfield Exploration Co.*	86,000		3,587,060
Range Resources Corp.	62,100		2,074,140
Southwestern Energy Co.*^	135,840		5,566,723
U.S. BioEnergy Corp.*^	9,900		113,553
Ultra Petroleum Corp.*^	66,200		3,517,206
			32,274,458
Total Energy			62,821,386
Financials (10.0%)
Capital Markets (4.3%)
Affiliated Managers Group, Inc.*^	34,000		3,683,900
Ares Capital Corp.^	51,910		943,205
E*Trade Financial Corp.*	17,900		379,838
GFI Group, Inc.*^	4,900		333,053
Greenhill & Co., Inc.^	48,100		2,952,859
Kohlberg Capital Corp.*	95,300		1,524,800
Lazard Ltd., Class A	207,330		10,403,819
Legg Mason, Inc.	70,100		6,604,121
Nuveen Investments, Inc., Class A	7,900		373,670
optionsXpress Holdings, Inc.	216,370		5,093,350
SEI Investments Co.	4,900		295,127
			32,587,742
Commercial Banks (1.3%)
East West Bancorp, Inc.^	52,200		1,919,394

56

AXA PREMIER VIP TRUST

AXA PREMIER VIP MID CAP GROWTH PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2007 (Unaudited)

	Number of Shares	Value (Note 1)
First State Bancorp/New Mexico^	28,546	$	643,712
Signature Bank/New York*^	46,621		1,517,047
UCBH Holdings, Inc.^	87,800		1,634,836
UMB Financial Corp.^	15,900		600,384
Western Alliance Bancorp*^	50,600		1,570,624
Whitney Holding Corp.	57,358		1,754,008
			9,640,005
Diversified Financial Services (1.3%)
Financial Federal Corp.^	35,200		926,464
Nasdaq Stock Market, Inc.*	182,800		5,376,148
NewStar Financial, Inc.*^	120,600		2,021,256
Primus Guaranty Ltd.*^	130,000		1,599,000
			9,922,868
Insurance (0.9%)
Ambac Financial Group, Inc.	65,700		5,675,823
National Financial Partners Corp.^	31,200		1,463,592
			7,139,415
Real Estate Investment Trusts (REITs) (0.8%)
CapitalSource, Inc. (REIT)^	78,574		1,974,565
FelCor Lodging Trust, Inc. (REIT)	86,800		2,254,196
LaSalle Hotel Properties (REIT)	34,400		1,594,784
			5,823,545
Real Estate Management & Development (0.9%)
CB Richard Ellis Group, Inc., Class A*	190,625		6,515,562
Jones Lang LaSalle, Inc.	3,200		333,696
			6,849,258
Thrifts & Mortgage Finance (0.5%)
BankUnited Financial Corp., Class A^	36,900		782,649
Clayton Holdings, Inc.*^	220,471		3,382,025
			4,164,674
Total Financials			76,127,507
Health Care (15.6%)
Biotechnology (2.8%)
Alexion Pharmaceuticals, Inc.*^	62,900		2,719,796
Angiotech Pharmaceuticals, Inc.*^	230,400		1,262,592
BioMarin Pharmaceuticals, Inc.*	134,500		2,321,470
Celgene Corp.*	114,800		6,022,408
Coley Pharmaceutical Group, Inc.*^	92,800		889,024
Digene Corp.*	2,100		89,061
Keryx Biopharmaceuticals, Inc.*^	99,300		1,044,636
MannKind Corp.*^	400		5,720
Myriad Genetics, Inc.*^	63,800		2,198,548
Onyx Pharmaceuticals, Inc.*^	5,800		144,072
Panacos Pharmaceuticals, Inc.*^	45,500		210,665
PDL BioPharma, Inc.*^	214,300		4,650,310
			21,558,302
Health Care Equipment & Supplies (3.6%)
American Medical Systems Holdings, Inc.*^	128,500		2,720,345
ArthroCare Corp.*^	59,500		2,144,380
C.R. Bard, Inc.	54,740		4,352,377
Cytyc Corp.*	10,800		369,468
DexCom, Inc.*^	134,500		1,057,170
Gen-Probe, Inc.*	52,185		2,456,870
Hologic, Inc.*^	49,800		2,870,472
Intuitive Surgical, Inc.*^	3,000		364,710
Kyphon, Inc.*^	102,600		4,631,364
Meridian Bioscience, Inc.^	130,100		3,611,576
ResMed, Inc.*	40,450		2,037,467
Stereotaxis, Inc.*^	7,700		91,630
Varian Medical Systems, Inc.*	10,700		510,283
			27,218,112
Health Care Providers & Services (4.1%)
Community Health Systems, Inc.*	3,215		113,329
Coventry Health Care, Inc.*	6,500		364,325
Express Scripts, Inc.*	4,000		322,880
HealthExtras, Inc.*^	95,500		2,748,490
Healthways, Inc.*^	34,300		1,603,525
Henry Schein, Inc.*	140,600		7,758,308
Psychiatric Solutions, Inc.*^	247,826		9,989,866
VCA Antech, Inc.*^	151,600		5,504,596
WellCare Health Plans, Inc.*	31,208		2,660,482
			31,065,801
Health Care Technology (1.2%)
Allscripts Healthcare Solutions, Inc.*^	109,800		2,943,738
Cerner Corp.*^	3,200		174,240
Emdeon Corp.*	7,000		105,910
TriZetto Group, Inc.*^	312,300		6,249,123
			9,473,011
Life Sciences Tools & Services (2.7%)
Advanced Magnetics, Inc.*^	36,600		2,205,882
Covance, Inc.*	41,800		2,480,412
ICON plc (ADR)*	96,300		4,102,380
Nektar Therapeutics*^	173,800		2,269,828
Parexel International Corp.*	75,100		2,701,347
Pharmaceutical Product Development, Inc.	11,000		370,590
Varian, Inc.*	54,800		3,192,648
Ventana Medical Systems, Inc.*^	67,000		2,807,300
Waters Corp.*	6,400		371,200
			20,501,587
Pharmaceuticals (1.2%)
Adams Respiratory Therapeutics, Inc.*^	71,300		2,397,819
Adolor Corp.*^	207,200		1,813,000
Cadence Pharmaceuticals, Inc.*^	60,200		890,960
Endo Pharmaceuticals Holdings, Inc.*	13,100		385,140
Impax Laboratories, Inc.*	102,300		1,045,506
Medicines Co.*	63,200		1,585,056
Mylan Laboratories, Inc.	9,400		198,716
Penwest Pharmaceuticals Co.*^	91,700		924,336
			9,240,533
Total Health Care			119,057,346
Industrials (14.4%)
Aerospace & Defense (2.0%)
Argon ST, Inc.*^	98,554		2,607,739
Empresa Brasileira de Aeronautica S.A. (ADR)^	13,600		623,696
Hexcel Corp.*^	195,500		3,880,675
Precision Castparts Corp.	71,900		7,481,195
Rockwell Collins, Inc.	4,223		282,645
Spirit Aerosystems Holdings, Inc., Class A*	7,200		229,320
			15,105,270
Air Freight & Logistics (0.8%)
CH Robinson Worldwide, Inc.	7,900		377,225
Expeditors International of Washington, Inc.	6,600		272,712
UTi Worldwide, Inc.^	233,634		5,742,724
			6,392,661
Airlines (0.2%)
JetBlue Airways Corp.*^	95,800		1,102,658
Commercial Services & Supplies (5.2%)
American Reprographics Co.*^	81,900		2,521,701
Corporate Executive Board Co.	13,900		1,055,844
CoStar Group, Inc.*^	26,300		1,175,084

57

AXA PREMIER VIP TRUST

AXA PREMIER VIP MID CAP GROWTH PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2007 (Unaudited)

	Number of Shares	Value (Note 1)
Herman Miller, Inc.	7,600	$	254,524
Huron Consulting Group, Inc.*	14,600		888,264
Innerworkings, Inc.*^	213,800		2,522,840
Kenexa Corp.*^	87,700		2,730,101
Knoll, Inc.	179,300		4,272,719
LECG Corp.*^.	104,500		1,513,160
Monster Worldwide, Inc.*.	108,550		5,142,013
Resources Connection, Inc.*^	190,300		6,087,697
Robert Half International, Inc.	10,400		384,904
Stericycle, Inc.*^	136,700		11,141,050
			39,689,901
Construction & Engineering (1.1%)
Fluor Corp.	62,400		5,598,528
Granite Construction, Inc.	55,060		3,042,616
			8,641,144
Electrical Equipment (1.0%)
Ametek, Inc.	120,550		4,163,797
Baldor Electric Co.^	97,400		3,675,876
			7,839,673
Machinery (2.6%)
Flowserve Corp.	38,300		2,190,377
IDEX Corp.^	74,450		3,788,016
Joy Global, Inc.	102,100		4,380,090
Lincoln Electric Holdings, Inc.	65,700		3,913,092
Manitowoc Co., Inc.	28,100		1,785,193
Terex Corp.*	4,200		301,392
Trinity Industries, Inc.	16,700		700,064
Watts Water Technologies, Inc., Class A^	74,800		2,844,644
			19,902,868
Road & Rail (0.3%)
JB Hunt Transport Services, Inc.	7,800		204,672
Knight Transportation, Inc.^	92,750		1,652,805
			1,857,477
Trading Companies & Distributors (1.2%)
Beacon Roofing Supply, Inc.*^	50,150		811,427
Fastenal Co.^	69,600		2,439,480
Houston Wire & Cable Co.*^	84,200		2,359,284
MSC Industrial Direct Co.	61,400		2,866,152
WESCO International, Inc.*	6,900		433,182
			8,909,525
Total Industrials			109,441,177
Information Technology (22.5%)
Communications Equipment (2.1%)
Arris Group, Inc.*	137,130		1,930,791
Ciena Corp.*	83,297		2,328,151
F5 Networks, Inc.*	53,700		3,580,716
Foundry Networks, Inc.*	77,800		1,055,746
Harris Corp.	16,700		850,865
Ixia*^	249,200		2,317,560
Juniper Networks, Inc.*	19,300		379,824
NETGEAR, Inc.*^	2,500		71,325
OpNext, Inc.*	54,400		804,576
ViaSat, Inc.*^	94,100		3,102,477
			16,422,031
Computers & Peripherals (2.0%)
Logitech International S.A. (Registered)*^	13,500		375,705
Network Appliance, Inc.*	105,000		3,834,600
QLogic Corp.*	234,600		3,988,200
Rackable Systems, Inc.*^	97,000		1,646,090
Super Micro Computer, Inc.*	74,700		671,553
Synaptics, Inc.*^	113,600		2,905,888
Xyratex Ltd.*	76,800		1,833,216
			15,255,252
Electronic Equipment & Instruments (2.2%)
Amphenol Corp., Class A	59,510		3,842,561
Flir Systems, Inc.*^	114,600		4,087,782
Jabil Circuit, Inc.	6,100		130,601
Mettler-Toledo International, Inc.*	4,800		429,936
National Instruments Corp.	65,050		1,706,261
Tektronix, Inc.	92,100		2,593,536
Trimble Navigation Ltd.*	137,400		3,687,816
			16,478,493
Internet Software & Services (2.7%)
Akamai Technologies, Inc.*	8,100		404,352
aQuantive, Inc.*^	113,050		3,155,225
Ariba, Inc.*^	112,000		1,052,800
Digital River, Inc.*	75,400		4,165,850
Entrust, Inc.*	271,800		1,095,354
Equinix, Inc.*^	47,300		4,050,299
Internap Network Services Corp.*^	142,600		2,245,950
Marchex, Inc., Class B^	138,000		2,114,160
Omniture, Inc.*^	2,800		51,044
ValueClick, Inc.*^	77,700		2,030,301
Vocus, Inc.*^	500		10,065
			20,375,400
IT Services (3.7%)
Alliance Data Systems Corp.*	61,300		3,777,306
BearingPoint, Inc.*^	217,300		1,664,518
Cognizant Technology Solutions Corp., Class A*	56,700		5,004,909
Global Cash Access Holdings, Inc.*	147,800		2,466,782
Global Payments, Inc.	12,900		439,374
Heartland Payment Systems, Inc.^	55,000		1,300,200
Iron Mountain, Inc.*	135,885		3,550,675
RightNow Technologies, Inc.*^	100,900		1,652,742
Sapient Corp.*^	534,500		3,666,670
VeriFone Holdings, Inc.*^	132,000		4,848,360
			28,371,536
Semiconductors & Semiconductor Equipment (6.0%)
Atheros Communications, Inc.*^	98,500		2,357,105
Exar Corp.*^	161,700		2,140,908
FormFactor, Inc.*	52,700		2,358,325
Hittite Microwave Corp.*^	115,500		4,639,635
Integrated Device Technology, Inc.*	137,500		2,120,250
International Rectifier Corp.*	43,000		1,643,030
Intersil Corp., Class A	35,300		935,097
Lam Research Corp.*	8,550		404,757
Microchip Technology, Inc.	15,000		532,950
Microsemi Corp.*^	180,400		3,754,124
Microtune, Inc.*^	226,100		931,532
Netlogic Microsystems, Inc.*^	114,800		3,055,976
NVIDIA Corp.*	121,800		3,505,404
ON Semiconductor Corp.*^	456,100		4,068,412
Power Integrations, Inc.*^	154,300		3,494,895
Silicon Laboratories, Inc.*	93,300		2,791,536
Varian Semiconductor Equipment Associates, Inc.*	74,950		4,000,831
Xilinx, Inc.	117,770		3,030,222
			45,764,989
Software (3.8%)
Activision, Inc.*	439,053		8,315,664
Commvault Systems, Inc.*^	97,400		1,577,880
FactSet Research Systems, Inc.	5,100		320,535
Micros Systems, Inc.*	37,700		2,035,423
Nuance Communications, Inc.*^	156,300		2,392,953
Parametric Technology Corp.*	158,300		3,021,947
Quest Software, Inc.*	361,400		5,879,978
Salesforce.com, Inc.*	2,100		89,922
THQ, Inc.*	56,100		1,918,059

58

AXA PREMIER VIP TRUST

AXA PREMIER VIP MID CAP GROWTH PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2007 (Unaudited)

	Number of Shares		Value (Note 1)
TIBCO Software, Inc.*		333,050	$	2,837,586
VA Software Corp.*		178,700		720,161
				29,110,108
Total Information Technology				171,777,809
Materials (2.2%)
Chemicals (0.7%)
Cabot Corp.		30,283		1,445,408
FMC Corp.		28,300		2,134,669
Minerals Technologies, Inc.		23,500		1,460,760
				5,040,837
Construction Materials (1.1%)
Headwaters, Inc.*^		61,400		1,341,590
Martin Marietta Materials, Inc.		52,200		7,057,440
				8,399,030
Metals & Mining (0.4%)
RTI International Metals, Inc.*^		32,000		2,912,320
Total Materials				16,352,187
Telecommunication Services (4.4%)
Diversified Telecommunication Services (1.4%)
NeuStar, Inc., Class A*		10,100		287,244
Time Warner Telecom, Inc., Class A*^		499,524		10,375,113
				10,662,357
Wireless Telecommunication Services (3.0%)
American Tower Corp., Class A*		209,600		8,163,920
Clearwire Corp., Class A*^		7,500		153,525
Crown Castle International Corp.*		10,300		330,939
NII Holdings, Inc.*		146,400		10,859,952
SBA Communications Corp., Class A*		112,800		3,333,240
				22,841,576
Total Telecommunication Services				33,503,933
Total Common Stocks (97.7%) (Cost $633,812,604)				744,820,364
	Principal Amount
SHORT-TERM INVESTMENTS:
Government Securities (0.9%)
Federal Home Loan Bank
4.97%, 4/2/07 (p)	$	6,905,000		6,903,093
Short-Term Investments of Cash Collateral for Securities Loaned (28.1%)
ACCR, Series 06-2 A1
5.36%, 6/27/08 (l)		577,565		577,565
Aegis Finance LLC
5.31%, 4/19/07		6,012,014		6,012,014
Banesto S.A./Madrid
5.33%, 4/19/07		3,145,586		3,145,586
Barclays Capital, Repurchase Agreement
5.40%, 4/2/07 (r)		49,645,657		49,645,657
Bear Stearns Cos., Inc.
5.57%, 3/23/09 (l)		3,145,586		3,145,586
Cedar Springs Capital Co. LLC
5.33%, 4/25/07		4,384,232		4,384,232
CIT Group Holdings, Inc.
5.37%, 4/30/08 (l)		6,039,526		6,039,526
Citigroup Funding, Inc.
5.36%, 4/4/07		6,284,628		6,284,628
5.36%, 3/16/09 (l)		3,145,586		3,145,586
Comerica Bank
5.35%, 3/16/09 (l)		1,258,083		1,258,083
Concord Minutemen C.C. LLC, Series B
5.31%, 4/10/07		2,516,449		2,516,449
Corp. Andina de Fomento
5.31%, 4/12/07		4,989,551		4,989,551
Credit Industriel et Commercial
5.33%, 4/18/07		3,145,625		3,145,625
5.33%, 4/25/07		3,150,684		3,150,684
Crown Point Capital Co.
5.29%, 4/5/07		6,262,623		6,262,623
DekaBank Deutsche
5.38%, 4/30/08 (l)		3,271,410		3,271,410
DLJ/Pershing Division, Repurchase Agreement
5.54%, 4/2/07 (r)		3,145,586		3,145,586
Fenway Funding LLC
5.35%, 6/18/07		5,587,316		5,587,316
5.35%, 6/27/07		3,552,441		3,552,441
Fifth Third Bancorp
5.32%, 4/30/08 (l)		377,467		377,467
Goldman Sachs Group, Inc.
5.38%, 3/28/08 (l)		1,384,058		1,384,058
5.56%, 4/30/08 (l)		2,516,469		2,516,469
5.41%, 3/27/09 (l)		3,145,586		3,145,586
Hartford Life, Inc.
5.45%, 3/28/08 (l)		1,006,588		1,006,588
HSBC Finance Corp.
5.33%, 4/9/07		5,008,486		5,008,486
5.32%, 4/11/07		6,259,741		6,259,741
5.32%, 4/12/07		5,632,935		5,632,935
Kommunalkredit International Bank
5.34%, 4/6/07		6,207,365		6,207,365
Lehman Brothers, Inc.
5.56%, 6/29/07 (l)		440,382		440,382
MBIA Global Funding LLC
5.37%, 3/30/09 (l)		3,145,586		3,145,586
Mizuho Corporate Bank Ltd./New York
5.31%, 4/10/07		3,145,586		3,145,586
Mizuho/London
5.34%, 4/10/07		2,138,999		2,138,999
5.34%, 4/23/07		2,516,469		2,516,469
Natexis Banques Populaires N.Y.
5.34%, 8/7/07 (l)		3,145,586		3,145,586
5.37%, 1/28/08 (l)		3,774,704		3,774,704
National Bank of Canada
5.42%, 4/2/07		10,065,877		10,065,877
New York Life Insurance Co.
5.41%, 6/29/07 (l)		3,145,586		3,145,586
Norinchukin Bank N.Y.
5.34%, 4/9/07		5,662,055		5,662,055
5.33%, 4/16/07		3,145,586		3,145,586
5.32%, 6/5/07		6,291,173		6,291,173
Park Sienna LLC
5.32%, 5/10/07		3,115,195		3,115,195
Raiffeisen Zentralbank
5.31%, 4/19/07		6,265,293		6,265,293
Rhein-Main Securitisaton Ltd.
5.35%, 7/16/07		4,766,321		4,766,321
Silver Tower U.S. Funding LLC
5.37%, 8/16/07		2,451,760		2,451,760
Total Short-Term Investments of Cash Collateral for Securities Loaned				214,015,001

59

AXA PREMIER VIP TRUST

AXA PREMIER VIP MID CAP GROWTH PORTFOLIO

PORTFOLIO OF INVESTMENTS (Concluded)

March 31, 2007 (Unaudited)

	Principal Amount		Value (Note 1)
Time Deposit (1.1%)
JPMorgan Chase Nassau 4.79%, 4/2/07	$	8,845,847	$	8,845,847
Total Short-Term Investments (30.1%) (Cost/Amortized Cost $ 229,764,894)				229,763,941
Total Investments (127.8%) (Cost/Amortized Cost $ 863,577,498)				974,584,305
Other Assets Less Liabilities (-27.8%)				(212,202,119	)
Net Assets (100%)			$	762,382,186

* Non-income producing.

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

† Securities (totaling $2,162,479 or 0.28% of net assets) valued at fair value.

(b) Illiquid security.

(l) Floating Rate Security. Rate disclosed is as of March 31, 2007.

(p) Yield to maturity.

(r) The repurchase agreements are fully collateralized by U.S. government and/or agency obligations based on market prices at the date of this portfolio of investments.

Glossary:

ADR — American Depositary Receipt

Investment security transactions for the three months ended March 31, 2007 were as follows:

Cost of Purchases:
Stocks and long-term corporate debt securities	$	125,005,717
Net Proceeds of Sales and Redemptions:
Stocks and long-term corporate debt securities		171,180,976

As of March 31, 2007, 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	$	134,898,419
Aggregate gross unrealized depreciation		(23,891,612	)
Net unrealized appreciation	$	111,006,807
Federal income tax cost of investments	$	863,577,498

At March 31, 2007, the Portfolio had loaned securities with a total value of $210,190,673. This was secured by collateral of $214,015,001 which was received as cash and subsequently invested in short-term investments as reported in the portfolio of investments.

For the three months ended March 31, 2007, the Portfolio incurred approximately $420 as brokerage commissions with Sanford C. Bernstein & Co., Inc., an affiliated broker/dealer.

See Notes to Financial Statements.

60

AXA PREMIER VIP TRUST

AXA PREMIER VIP MID CAP VALUE PORTFOLIO

PORTFOLIO OF INVESTMENTS

March 31, 2007 (Unaudited)

	Principal Amount		Value (Note 1)
COMMON STOCKS:
Consumer Discretionary (12.9%)
Auto Components (1.1%)
Aftermarket Technology Corp.*	$	19,588	$	475,597
American Axle & Manufacturing Holdings, Inc.^		112,400		3,074,140
Autoliv, Inc.		24,031		1,372,410
BorgWarner, Inc.		47,000		3,544,740
Spartan Motors, Inc.^		930		21,585
TRW Automotive
Holdings Corp.*		79,300		2,761,226
				11,249,698
Distributors (0.0%)
Coast Distribution System, Inc.		5,400		41,580
Source Interlink Cos., Inc.*^		46,600		312,686
				354,266
Diversified Consumer Services (0.8%)
Carriage Services, Inc.*^		8,780		71,030
CPI Corp.		200		10,502
Nobel Learning Communities, Inc.*		170		2,574
Regis Corp.		173,469		7,002,943
Service Corp. International		28,606		339,267
Stewart Enterprises, Inc., Class A^		139,459		1,124,040
				8,550,356
Hotels, Restaurants & Leisure (1.5%)
Benihana, Inc.*		30		848
Bob Evans Farms, Inc.		5,013		185,230
Brinker International, Inc.		38,685		1,264,999
Burger King Holdings, Inc.		8,710		188,136
Canterbury Park Holding Corp.		210		2,972
CBRL Group, Inc.		34,120		1,579,756
Cheesecake Factory, Inc.*^		264,400		7,046,260
Churchill Downs, Inc.		130		5,901
Frisch's Restaurants, Inc.^		3,000		112,500
ILX Resorts, Inc.		1,460		13,432
Interstate Hotels & Resorts, Inc.*		28,520		179,961
J. Alexander's Corp.		4,450		49,173
Jack in the Box, Inc.*		4,150		286,889
Marcus Corp.^		10,860		252,604
Mexican Restaurants, Inc.*		300		2,877
Nathan's Famous, Inc.*		4,000		60,000
O'Charley's, Inc.*		2,010		38,773
Red Lion Hotels Corp.*^		3,100		38,564
Ruby Tuesday, Inc.^		122,100		3,492,060
Silverleaf Resorts, Inc.*		41,466		192,402
Speedway Motorsports, Inc.		4,940		191,425
Steak n Shake Co.*^		2,220		37,229
WMS Industries, Inc.*^		1,150		45,126
				15,267,117
Household Durables (1.2%)
American Biltrite, Inc.*		1,618		15,064
Avatar Holdings, Inc.*^		6,068		433,498
Bassett Furniture Industries, Inc.^		24,947		367,220
Black & Decker Corp		25,200		2,056,824
Chromcraft Revington, Inc.*		9,630		92,641
Cobra Electronics Corp.		4		41
CSS Industries, Inc.		1,950		73,086
Ethan Allen Interiors, Inc.^		43,780		1,547,185
Hooker Furniture Corp.^		8,120		162,806
Kimball International, Inc., Class B^		101		1,947
La-Z-Boy, Inc.^.		39,300		486,534
Leggett & Platt, Inc.		141,600		3,210,072
Lifetime Brands, Inc.^		1,470		30,708
M.D.C. Holdings, Inc.^		21,000		1,009,470
Mity Enterprises, Inc.*		80		1,528
National Presto Industries, Inc.^		6,020		371,073
Newell Rubbermaid, Inc.		59,600		1,852,964
P&F Industries, Inc., Class A*		719		9,002
Skyline Corp.^		2,440		82,326
Stanley Works		3,460		191,546
Universal Electronics, Inc.*^		3,077		85,725
Virco Manufacturing Corp.*		650		4,387
				12,085,647
Internet & Catalog Retail (0.1%)
1-800-FLOWERS.COM, Inc., Class A*^		30,600		238,068
Collegiate Pacific, Inc.^		1,808		14,102
Systemax, Inc.^		15,194		284,584
				536,754
Leisure Equipment & Products (0.1%)
Arctic Cat, Inc.^		16,645		324,411
GameTech International, Inc.*^		6,535		79,858
JAKKS Pacific, Inc.*^		35,192		841,089
Oakley, Inc.^		1,230		24,772
RC2 Corp.*		2,840		114,707
				1,384,837
Media (3.0%)
Alloy, Inc.*^		750		8,910
Cinram International Income Fund		383,800		8,061,628
Entercom Communications Corp., Class A^		158,900		4,477,802
Knology, Inc.*		2,900		45,907
Live Nation, Inc.*		73,810		1,628,249
Media General, Inc., Class A^		14,710		561,334
R.H. Donnelley Corp.^		153,980		10,915,642
Scholastic Corp.*		25,420		790,562
Traffix, Inc.		4,520		25,041
Virgin Media, Inc.		153,200		3,868,300
World Wrestling Entertainment, Inc., Class A^		3,600		58,680
				30,442,055
Multiline Retail (1.1%)
Big Lots, Inc.*^		57,030		1,783,898
Bon-Ton Stores, Inc.^		9,000		506,160
Dillards, Inc., Class A		63,400		2,075,082
Federated Department Stores, Inc.		162,330		7,312,967
Gottschalks, Inc.*		7,084		101,089
				11,779,196
Specialty Retail (2.6%)
Aaron Rents, Inc.^		2,950		77,998
Asbury Automotive Group, Inc.^		17,000		480,250
Books-A-Million, Inc.^		31,300		445,712
Brown Shoe Co., Inc.		14,925		626,850
Cabela's, Inc.*		18,790		466,180
Cato Corp., Class A		9,600		224,544
Charlotte Russe Holding, Inc.*^		15,381		444,050
Charming Shoppes, Inc.*^		161,980		2,097,641
Circuit City Stores, Inc.^		203,900		3,778,267
Coldwater Creek, Inc.*^		355,400		7,207,512
DEB Shops, Inc.^		300		8,124
Foot Locker, Inc.		218,300		5,140,965
Franklin Covey Co.*		6,237		49,272
Gap, Inc.		256,500		4,414,365
Guess?, Inc.^		478		19,354

61

AXA PREMIER VIP TRUST

AXA PREMIER VIP MID CAP VALUE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2007 (Unaudited)

	Number of Shares	Value (Note 1)
Gymboree Corp.*	2,290	$	91,760
Hastings Entertainment, Inc.*	10,124		61,757
Haverty Furniture Cos., Inc.^	30,650		429,100
Jennifer Convertibles, Inc.*	840		3,914
OfficeMax, Inc.	3,200		168,768
Rent-A-Center, Inc.*^	1,880		52,602
Restoration Hardware, Inc.*^	23,434		153,727
Rex Stores Corp.*^	5,231		85,579
Shoe Carnival, Inc.*	7,270		242,091
Trans World Entertainment Corp.*	3,760		21,357
			26,791,739
Textiles, Apparel & Luxury Goods (1.4%)
Culp, Inc.*.	3,330		23,576
Cutter & Buck, Inc.	740		8,769
Delta Apparel, Inc.^	3,500		60,900
G-lII Apparel Group Ltd.*^	3,827		72,904
Hallwood Group, Inc.*	8		836
Jaclyn, Inc.*	200		2,256
Jones Apparel Group, Inc.	197,510		6,069,482
LaCrosse Footwear, Inc.*	102		1,571
Liz Claiborne, Inc.	62,847		2,692,994
Movado Group, Inc.^	22,900		674,405
Perry Ellis International, Inc.*^	5,120		163,789
Phillips-Van Heusen Corp.	46,100		2,710,680
R.G. Barry Corp.*	2,870		29,906
Steven Madden Ltd.^	150		4,380
Stride Rite Corp.^	33,600		517,104
Velcro Industries N.V.^	800		13,832
Weyco Group, Inc.^	6,506		169,026
Wolverine World Wide, Inc.	53,680		1,533,638
			14,750,048
Total Consumer Discretionary			133,191,713
Consumer Staples (4.5%)
Beverages (0.3%)
MGP Ingredients, Inc.^	300		6,111
Molson Coors Brewing Co., Class B	33,600		3,179,232
National Beverage Corp.*	8,400		147,336
			3,332,679
Food & Staples Retailing (0.8%)
Great Atlantic & Pacific Tea Co., Inc.^	26,598		882,522
Ingles Markets, Inc., Class A^	3,800		155,192
Longs Drug Stores Corp.	48,970		2,528,811
Ruddick Corp.^	14,595		439,017
Spartan Stores, Inc.^	3,286		88,065
Topps Co., Inc.^	4,247		41,281
Village Super Market, Inc., Class A^	100		9,549
Weis Markets, Inc.^	14,700		657,090
Whole Foods Market, Inc.	73,000		3,274,050
			8,075,577
Food Products (3.0%)
Bunge Ltd.^	94,700		7,786,234
Corn Products International, Inc.	71,720		2,552,515
Flowers Foods, Inc.^	9,785		295,213
Griffin Land & Nurseries, Inc.*	170		6,035
Hain Celestial Group, Inc.*^	42,944		1,291,326
Imperial Sugar Co.^	5,598		187,701
J & J Snack Foods Corp.^	5,900		232,991
Lance, Inc.^	2,069		41,877
Marine Harvest*	3,888,000		4,567,119
Omega Protein Corp.*	890		6,212
Pilgrim's Pride Corp.^	199,100		6,608,129
Ralcorp Holdings, Inc.*^	16,930		1,088,599
Seaboard Corp.^	680		1,536,800
Smithfield Foods, Inc.*	63,900		1,913,805
Tasty Baking Co.	8,569		74,807
Tyson Foods, Inc., Class A	132,700		2,575,707
			30,765,070
Household Products (0.0%)
Oil-Dri Corp. of America	9,625		160,738
Personal Products (0.2%)
Natural Alternatives International, Inc.*	2,225		17,844
NBTY, Inc.*	39,568		2,098,687
Schiff Nutrition International, Inc.*	23,130		158,903
			2,275,434
Tobacco (0.2%)
Alliance One International, Inc.*^	120,240		1,109,815
Universal Corp.	11,590		711,047
			1,820,862
Total Consumer Staples			46,430,360
Energy (4.5%)
Energy Equipment & Services (1.7%)
Cameron International Corp.*	60,000		3,767,400
Dawson Geophysical Co.*^	2,640		130,759
GulfMark Offshore, Inc.*^	24,174		1,055,195
Horizon Offshore, Inc.*	570		8,242
Lufkin Industries, Inc.	3,940		221,349
SBM Offshore N.V.	24,881		897,074
SEACOR Holdings, Inc.*^	10,780		1,060,752
Solar Cayman Ltd†§(b)	141,300		1,801,575
Superior Energy Services, Inc.*	410		14,133
Tidewater, Inc.^	53,450		3,131,101
Trico Marine Services, Inc.*^	8,094		301,583
Weatherford International Ltd.*	109,200		4,924,920
			17,314,083
Oil, Gas & Consumable Fuels (2.8%)
Adams Resources & Energy, Inc.	4,800		175,968
Arch Coal, Inc.^	80,700		2,476,683
Brasil Ecodiesel Industria e Comercio de Biocombustiveis e Oleos Vegetais S.A. (ADR)*§	353,400		1,580,440
Consol Energy, Inc.	150,100		5,873,413
Mariner Energy, Inc.*	73,880		1,413,325
Murphy Oil Corp.	127,110		6,787,674
Newfield Exploration Co.*	109,600		4,571,416
Noble Energy, Inc.	80,900		4,825,685
Teton Energy Corp.*^	100		484
Western Refining, Inc.^	32,300		1,260,346
			28,965,434
Total Energy			46,279,517
Financials (21.8%)
Capital Markets (3.0%)
A.G. Edwards, Inc.	68,100		4,711,158
Affiliated Managers Group, Inc.*^	35,800		3,878,930
E*Trade Financial Corp.*	518,900		11,011,058
Federated Investors, Inc., Class B	202,200		7,424,784
Knight Capital Group, Inc., Class A*^	59,016		934,813
MVC Capital, Inc.	1,090		17,059
Raymond James Financial, Inc.	48,220		1,435,027

62

AXA PREMIER VIP TRUST

AXA PREMIER VIP MID CAP VALUE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2007 (Unaudited)

	Number of Shares	Value (Note 1)
SWS Group, Inc.^	42,765	$	1,061,000
			30,473,829
Commercial Banks (3.1%)
1st Source Corp.^	250		6,543
Alabama National Bancorp^	3,784		267,945
Alliance Financial Corp./ New York	420		12,020
Amcore Financial, Inc.^	30,500		968,375
American Community Bancshares, Inc.	5,025		56,783
Ameris Bancorp^	9,096		222,670
Auburn National Bancorp, Inc.	1,500		41,625
BancFirst Corp.^	10,442		483,987
Banco Latinoamericano de Exportaciones S.A., Class E	7,150		118,976
Bank of Granite Corp.^	7,006		125,548
Banner Corp.^	12,751		529,804
Bar Harbor Bankshares	427		13,749
BNCCORP, Inc.*	3,609		59,368
BOE Financial Services of Virginia, Inc.	1,200		37,512
Britton & Koontz Capital Corp.	1,352		25,688
Bryn Mawr Bank Corp.	6,000		138,900
Capital Bank Corp.	308		5,313
Carolina Bank Holdings, Inc.*	390		6,240
CCF Holding Co.	1,012		20,048
Central Virginia Bankshares, Inc.	862		22,498
Centrue Financial Corp.	2,680		51,912
Chemical Financial Corp.^	14,850		442,382
Citizens Holding Co.	360		7,862
City Holding Co.^	2,575		104,159
City National Corp./California	12,300		905,280
Codorus Valley Bancorp, Inc.	502		9,553
Comm Bancorp, Inc.	300		14,916
Commerce Bancorp, Inc./ New Jersey^	174,000		5,808,120
Community Bank Shares of Indiana, Inc.	880		19,008
Community Capital Corp.	789		15,835
Community West Bancshares	3,471		54,911
Cowlitz Bancorp*	2,300		39,100
Desert Community Bank/California	440		8,360
ECB Bancorp, Inc.	3,180		104,940
Exchange National Bancshares, Inc.	350		12,670
Farmers Capital Bank Corp.^	300		8,814
Fidelity Southern Corp.	130		2,475
First California Financial Group, Inc.*	875		11,069
First Charter Corp.^	240		5,160
First Citizens BancShares, Inc./ North Carolina, Class A	7,530		1,513,530
First Indiana Corp.^	402		8,784
First M&F Corp.	3,200		58,880
First Mariner Bancorp, Inc.*	1,410		21,432
First Merchants Corp.^	7,276		172,587
First Regional Bancorp/California*^	1,525		45,293
First United Corp.	4,225		95,063
First West Virginia Bancorp, Inc.	240		4,860
FNB Corp./Virginia^	3,512		125,835
FNB Financial Services Corp.	2,031		31,135
FNB United Corp.	3,360		56,280
GB&T Bancshares, Inc.	640		11,603
Greene County Bancshares, Inc.^	2,328		78,942
Habersham Bancorp	500		11,325
HF Financial Corp.	7,656		139,722
Horizon Bancorp/Indiana	3,300		88,803
Huntington Bancshares, Inc./Ohio	170,300		3,721,055
Intervest Bancshares Corp.*	3,100		88,970
Irwin Financial Corp.^	6,170		115,009
Leesport Financial Corp.	1,777		38,419
LSB Bancshares, Inc./ North Carolina^	2,000		29,300
Marshall & Ilsley Corp.	134,500		6,228,695
MidWestOne Financial Group, Inc.	4,700		82,109
National Bankshares, Inc.	880		20,865
NBT Bancorp, Inc.	7,610		178,302
Northrim BanCorp, Inc.	4,748		140,303
Northway Financial, Inc.	300		9,591
Ohio Valley Banc Corp.	591		14,929
Peoples Bancorp of North Carolina, Inc.	3,514		94,175
Peoples Bancorp, Inc./Ohio^	231		6,101
Peoples BancTrust Co., Inc.	2,470		47,004
Pinnacle Bancshares, Inc.	1,800		27,090
Premier Financial Bancorp	997		16,221
Princeton National Bancorp, Inc.^	3,810		114,300
Republic First Bancorp, Inc.*	10,149		130,719
Royal Bancshares of Pennsylvania, Inc.^	2,205		52,369
Rurban Financial Corp.	884		10,467
Shore Bancshares, Inc.	300		7,935
Shore Financial Corp.	1,330		18,620
Simmons First National Corp., Class A	15,230		457,966
Southwest Bancorp, Inc./Oklahoma	8,300		213,227
Sterling Financial Corp./Pennsylvania^	4,221		93,706
Sterling Financial Corp./Washington	5,300		165,307
Superior Bancorp*^	7,380		79,704
SVB Financial Group*^	115,143		5,594,798
Team Financial, Inc.	3,300		49,995
Tompkins Trustco, Inc.^	240		10,046
UnionBanCal Corp.	17,000		1,078,140
United Bancorp, Inc./Ohio	3,635		37,077
United Bancshares, Inc./Ohio	1,420		22,961
United Security Bancshares/Alabama^	921		27,105
Unity Bancorp, Inc.	6,098		72,322
Vineyard National Bancorp^	4,232		97,505
Wainwright Bank & Trust Co.	457		5,840
			32,452,439
Consumer Finance (0.4%)
Advanta Corp., Class A	3,940		157,915
Advanta Corp., Class B^	5,956		261,111
Cash America International, Inc.	100		4,100
CompuCredit Corp.*^	11,267		351,756
Consumer Portfolio Services, Inc.*	19,190		118,019
Dollar Financial Corp.*^	11,325		286,523
EZCORP, Inc., Class A*^	70,800		1,042,884
First Cash Financial Services, Inc.*^	1,080		24,062

63

AXA PREMIER VIP TRUST

AXA PREMIER VIP MID CAP VALUE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2007 (Unaudited)

	Number of Shares	Value (Note 1)
First Marblehead Corp.^	46,845	$	2,102,872
			4,349,242
Diversified Financial Services (1.0%)
Ampal American Israel, Class A*	3,810		16,726
Asta Funding, Inc.^	977		42,187
California First National Bancorp.	666		8,758
CIT Group, Inc.	81,600		4,318,272
Compass Diversified Trust^	4,832		81,032
Genesis Lease Ltd. (ADR)*	199,300		5,211,695
MicroFinancial, Inc.	2,700		13,986
PICO Holdings, Inc.*^	15,300		653,463
			10,346,119
Insurance (8.2%)
Alfa Corp.^	700		12,936
Alleghany Corp.*	643		240,075
Ambac Financial Group, Inc.	70,500		6,090,495
American Equity Investment Life Holding Co.^	15,200		199,576
American Financial Group, Inc./Ohio	109,200		3,717,168
American National Insurance Co.^	17,777		2,274,212
American Safety Insurance Holdings Ltd.*	10,820		206,229
Arch Capital Group Ltd.*	41,800		2,851,178
Arthur J. Gallagher & Co.^	231,200		6,549,896
Aspen Insurance Holdings Ltd.	84,460		2,213,697
Assurant, Inc.	70,290		3,769,653
Donegal Group, Inc., Class B	3,300		56,364
Endurance Specialty Holdings Ltd.	69,600		2,487,504
Enstar Group, Inc.*	10		986
Everest Reinsurance Group Ltd.	44,100		4,241,097
FBL Financial Group, Inc., Class A^	12,260		479,734
First American Corp.	39,440		2,000,397
FPIC Insurance Group, Inc.*^	1,150		51,371
Great American Financial Resources, Inc.^	15,700		384,336
Harleysville Group, Inc.	9,662		313,918
HCC Insurance Holdings, Inc.	113,950		3,509,660
Horace Mann Educators Corp.	16,903		347,357
IPC Holdings Ltd.	68,553		1,977,754
Kansas City Life Insurance Co.^	4,100		184,500
KMG America Corp.*	24,240		112,231
Max Reinsurance Capital Ltd.^	73,382		1,869,773
Meadowbrook Insurance Group, Inc.*^	13,200		145,068
Midland Co.^	11,814		501,150
National Western Life Insurance Co., Class A*^	590		144,432
NYMAGIC, Inc.^	7,160		292,486
Odyssey Reinsurance Holdings Corp.	5,160		202,840
Ohio Casualty Corp.	3,140		94,043
Old Republic International Corp.	266,950		5,904,934
PartnerReinsurance Ltd.^	40,429		2,771,004
Philadelphia Consolidated Holding Corp.*	10,640		468,054
Platinum Underwriters Holdings Ltd.	124,416		3,991,265
Presidential Life Corp.^	20,618		406,587
Reinsurance Group of America, Inc.^	116,600		6,730,152
RenaissanceReinsurance Holdings Ltd.	46,610		2,337,025
Selective Insurance Group, Inc.^	66,914		1,703,630
Unico American Corp.*	300		3,801
United America Indemnity Ltd., Class A*	4,040		93,728
Unum Group	181,000		4,168,430
Wesco Financial Corp.	830		381,800
Willis Group Holdings Ltd.^	169,599		6,712,728
Zenith National Insurance Corp.	17,400		822,498
			84,017,752
Real Estate Investment Trusts (REITs) (3.9%)
American Campus Communities, Inc. (REIT)	2,140		64,821
Ashford Hospitality Trust, Inc. (REIT)	66,997		799,944
Associated Estates Realty Corp. (REIT)	18,780		264,610
CBL & Associates Properties, Inc. (REIT)	37,521		1,682,442
Eagle Hospitality Properties Trust, Inc. (REIT)	17,540		195,571
Extra Space Storage, Inc. (REIT)^	72,550		1,374,097
Franklin Street Properties Corp. (REIT)^	31,370		601,677
Gladstone Commercial Corp. (REIT)	530		10,626
Hersha Hospitality Trust (REIT)	40,090		472,260
Highland Hospitality Corp. (REIT)	57,330		1,020,474
Home Properties, Inc. (REIT)	13,240		699,204
Hospitality Properties Trust (REIT)	680		31,824
HRPT Properties Trust (REIT)^	408,579		5,025,522
Innkeepers USA Trust (REIT)	50,545		822,873
iStar Financial, Inc. (REIT)	87,183		4,082,780
Kite Realty Group Trust (REIT)	18,960		378,252
KKR Financial Corp. (REIT)^	219,400		6,018,142
LaSalle Hotel Properties (REIT)	4,960		229,946
LTC Properties, Inc. (REIT)^	34,460		892,859
Medical Properties Trust, Inc. (REIT)^	52,103		765,393
Mission West Properties, Inc. (REIT)^	29,490		426,425
Monmouth, Class A (REIT)	23,000		198,260
National Health Investors, Inc. (REIT)^	8,248		258,492
National Retail Properties, Inc. (REIT)^	77,860		1,883,433
Nationwide Health Properties, Inc. (REIT)	28,600		894,036
Omega Healthcare Investors, Inc. (REIT)^	56,610		970,861
One Liberty Properties, Inc. (REIT)	18,100		412,861
Presidential Realty Corp., Class B (REIT)	700		5,215
Ramco-Gershenson Properties Trust (REIT)^	9,460		337,817
Republic Property Trust (REIT)^	9,660		110,993
Spirit Finance Corp. (REIT)^	119,787		1,784,826
Strategic Hotels & Resorts, Inc. (REIT)	105,600		2,415,072

64

AXA PREMIER VIP TRUST

AXA PREMIER VIP MID CAP VALUE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2007 (Unaudited)

	Number of Shares	Value (Note 1)
Sunstone Hotel Investors, Inc. (REIT)	78,330	$	2,135,276
Supertel Hospitality, Inc. (REIT)	13,721		104,691
Urstadt Biddle Properties, Inc. (REIT)	1,200		21,780
Urstadt Biddle Properties, Inc., Class A (REIT)^	10,350		202,446
Weingarten Realty Investors (REIT)^	46,935		2,232,229
Winston Hotels, Inc. (REIT)^	5,572		83,747
Winthrop Realty Trust (REIT)^	55,370		365,996
			40,277,773
Real Estate Management & Development (0.0%)
American Spectrum Realty, Inc.*	700		18,914
Stratus Properties, Inc.*	280		9,414
Thomas Properties Group, Inc.	1,030		15,985
United Capital Corp.*	1,320		45,025
Wellsford Real Properties, Inc.*	3,860		30,108
Wilshire Enterprises, Inc.*	1,896		9,196
			128,642
Thrifts & Mortgage Finance (2.2%)
1st Independence Financial Group, Inc.	1,500		25,365
Ameriana Bancorp	801		9,099
Beverly Hills Bancorp, Inc.	32,163		244,439
Camco Financial Corp.	64		822
Carver Bancorp, Inc.	700		11,725
Central Bancorp, Inc./Massachusetts	1,100		33,000
CFS Bancorp, Inc.^	6,260		93,837
Community Financial Corp./Virginia	6,200		73,036
Corus Bankshares, Inc.^	10,290		175,547
Delta Financial Corp.^	20,189		166,963
Downey Financial Corp.^	1,240		80,030
Elmira Savings Bank FSB	21		556
Farmer Mac, Class C^	19,040		517,888
First Bancorp of Indiana, Inc.	1,600		28,160
First Bancshares, Inc./Missouri	200		3,350
First BancTrust Corp.	2,600		30,758
First Defiance Financial Corp.	4,675		134,172
First Federal Bancshares of Arkansas, Inc.	3,999		93,177
First Federal Bankshares, Inc.	4,200		89,460
First Financial Service Corp.	300		8,607
First Franklin Corp.	1,700		29,750
First Place Financial Corp./Ohio^	20,387		437,301
Franklin Bank Corp./Texas*^	33,739		602,916
Great Pee Dee Bancorp, Inc.	500		7,525
Guaranty Federal Bancshares, Inc.	1,599		46,531
HMN Financial, Inc.	2,977		100,325
Home Federal Bancorp/Indiana	2,100		61,362
HopFed Bancorp, Inc.	140		2,223
ITLA Capital Corp.^	7,300		379,746
Lincoln Bancorp/Indiana	158		2,994
LSB Financial Corp.	263		6,954
MASSBANK Corp.^	100		3,280
Meta Financial Group, Inc.	665		20,947
MFB Corp.	100		3,360
MutualFirst Financial, Inc.	7,800		151,320
New York Community Bancorp, Inc.^	325,742		5,729,802
NewAlliance Bancshares, Inc.^	8,830		143,134
North Central Bancshares, Inc.	100		4,009
Northeast Bancorp	600		11,190
OceanFirst Financial Corp.^	13,700		237,695
Park Bancorp, Inc.	1,300		43,550
Parkvale Financial Corp.	3,042		88,857
People's Bank/Connecticut^	150,450		6,679,980
Peoples Bancorp/Indiana	600		11,442
Peoples Community Bancorp, Inc.	2		34
Provident Financial Holdings, Inc.^	12,160		334,643
Radian Group, Inc.	11,200		614,656
Riverview Bancorp., Inc.	5,710		91,017
South Street Financial Corp.	600		5,130
Southern Missouri Bancorp, Inc.	70		1,082
TF Financial Corp.^	260		7,930
TierOne Corp.^	5,270		142,501
Timberland Bancorp, Inc./Washington	4,200		148,050
United Community Financial Corp./Ohio^	47,300		522,665
Washington Savings Bank FSB/Maryland	2,520		21,420
Webster Financial Corp.	73,900		3,547,939
Willow Financial Bancorp, Inc.^	5,254		67,777
WSFS Financial Corp.^	7,660		493,917
			22,624,945
Total Financials			224,670,741
Health Care (8.4%)
Biotechnology (0.5%)
Digene Corp.*^	7		297
Infinity Pharmaceuticals, Inc.*	450		5,418
Theravance, Inc.*^	185,500		5,472,250
			5,477,965
Health Care Equipment & Supplies (3.5%)
Align Technology, Inc.*^	660		10,468
Allied Healthcare Products, Inc.*	4,200		25,200
Analogic Corp.^	2,060		129,533
Angeion Corp.*	4,000		58,800
Atrion Corp.	440		40,401
Bausch & Lomb, Inc.	123,300		6,308,028
Beckman Coulter, Inc.	58,600		3,743,954
Cooper Cos., Inc.	92,300		4,487,626
Datascope Corp.^	16,713		604,843
Edwards Lifesciences Corp.*^	107,000		5,424,900
Enpath Medical, Inc.*	100		1,000
Hillenbrand Industries, Inc.^	113,820		6,757,493
Hospira, Inc.*	168,390		6,887,151
Immucor, Inc.*^	10,437		307,161
National Dentex Corp.*	4,090		57,587
Orthofix International N.V.*	5,013		255,914
Span-America Medical Systems, Inc.	2,700		42,957
Viasys Healthcare, Inc.*^	33,390		1,134,926
Zoll Medical Corp.*	3,900		103,935
			36,381,877
Health Care Providers & Services (0.7%)
Air Methods Corp.*^	600		14,412
Almost Family, Inc.*	4,400		109,560
Amedisys, Inc.*^	4,310		139,773
American Shared Hospital Services	4,050		23,895
Gentiva Health Services, Inc.*^	29,722		599,493
Hanger Orthopedic Group, Inc.*^	2,910		33,960

65

AXA PREMIER VIP TRUST

AXA PREMIER VIP MID CAP VALUE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2007 (Unaudited)

	Number of Shares	Value (Note 1)
HEALTHSOUTH Corp.*^	215,240	$	4,522,192
IntegraMed America, Inc.*^	1,558		23,292
Kindred Healthcare, Inc.*^	17,830		584,467
Manor Care, Inc.	817		44,412
MedCath Corp.*^	10,780		294,294
National Healthcare Corp.^	432		22,023
NovaMed, Inc.*^	1,920		12,442
PDI, Inc.*	1,200		11,424
Res-Care, Inc.*^	13,219		231,333
Sun Healthcare Group, Inc.*^	2,217		27,380
			6,694,352
Health Care Technology (0.4%)
Emdeon Corp.*	5,320		80,491
IMS Health, Inc.	144,100		4,274,006
			4,354,497
Life Sciences Tools & Services (1.6%)
Albany Molecular Research, Inc.*^	9,100		89,635
Bio-Rad Laboratories, Inc., Class A*^	1,100		76,824
Bruker BioSciences Corp.*^	8,740		91,945
Harvard Bioscience, Inc.*	520		2,506
Kendle International, Inc.*^	4,220		149,894
MEDTOX Scientific, Inc.*	3,019		55,550
New Brunswick Scientific Co., Inc.*	200		1,614
Parexel International Corp.*	12,206		439,050
PerkinElmer, Inc.	12,960		313,891
Thermo Fisher Scientific, Inc.*	162,000		7,573,500
Varian, Inc.*^	122,460		7,134,520
			15,928,929
Pharmaceuticals (1.7%)
Barr Pharmaceuticals, Inc.*	135,100		6,261,885
Endo Pharmaceuticals Holdings, Inc.*	175,000		5,145,000
Impax Laboratories, Inc.*^	440,900		4,505,998
King Pharmaceuticals, Inc.*	31,658		622,713
Perrigo Co.	37,434		661,084
Sciele Pharma, Inc.*^	1,510		35,757
			17,232,437
Total Health Care			86,070,057
Industrials (15.6%)
Aerospace & Defense (2.4%)
Alliant Techsystems, Inc.*^	113,700		9,996,504
Armor Holdings, Inc.*^	19,211		1,293,477
Ducommun, Inc.*^	2,600		66,898
Esterline Technologies Corp.*^	20		821
Goodrich Corp.	180,000		9,266,400
Hexcel Corp.*^	140,085		2,780,687
Ladish Co., Inc.*^	5,810		218,688
Precision Castparts Corp.	1		63
Triumph Group, Inc.^	13,730		759,818
			24,383,356
Air Freight & Logistics (0.1%)
Hub Group, Inc., Class A*	23,600		684,164
Airlines (0.8%)
Alaska Air Group, Inc.*^	47,100		1,794,510
Pinnacle Airlines Corp.*^	3,973		68,693
Republic Airways Holdings, Inc.*	39,583		908,826
SkyWest, Inc.	1,650		44,269
UAL Corp.*^	129,100		4,927,747
			7,744,045
Building Products (0.6%)
American Standard Cos., Inc.	87,000		4,612,740
American Woodmark Corp.^	12,335		453,435
Ameron International Corp.^	13,800		908,868
Griffon Corp.*^	26,340		651,915
Patrick Industries, Inc.*	3,963		47,516
			6,674,474
Commercial Services & Supplies (2.1%)
Amrep Corp.^	100		7,725
Bowne & Co., Inc.	330		5,191
CBIZ, Inc.*^	4,200		29,820
CDI Corp.^	6,240		180,461
Champion Industries, Inc.	1,000		8,260
Comfort Systems USA, Inc.	1,960		23,481
Compx International, Inc.	100		1,613
Consolidated Graphics, Inc.*^	12,350		914,517
Copart, Inc.*	127,800		3,579,678
Corrections Corp. of America*	10,590		559,258
Dun & Bradstreet Corp.	18,300		1,668,960
Ecology And Environment, Inc.	5,170		61,420
Exponent, Inc.*^	20,890		416,755
GP Strategies Corp.*^	8,950		81,445
Heidrick & Struggles International, Inc.*^	4,140		200,583
Herman Miller, Inc.	12,450		416,950
ICT Group, Inc.*^	2,440		42,700
IKON Office Solutions, Inc.	1,500		21,555
Interface, Inc., Class A^	51,300		820,287
Kelly Services, Inc., Class A^	26,165		842,513
Layne Christensen Co.*^	9		328
Nashua Corp.*	6,700		59,630
National Technical Systems, Inc.*	190		1,153
North American Galvanizing & Coating, Inc.*	2,070		10,598
R.R. Donnelley & Sons Co.	112,200		4,105,398
RCM Technologies, Inc.*	1,804		12,863
Spherion Corp.*^	8,360		73,735
Steelcase, Inc., Class A	82,300		1,636,947
Taleo Corp., Class A*^	14,330		237,591
TeleTech Holdings, Inc.*^	12,091		443,619
United Stationers, Inc.*	69,900		4,188,408
UTEK Corp.^	4,490		59,268
Viad Corp.^	4,260		164,436
Waste Industries USA, Inc.^	13,150		361,231
WCA Waste Corp.*	700		5,320
Westaff, Inc.*	1,350		7,722
			21,251,419
Construction & Engineering (1.3%)
Granite Construction, Inc.	74,300		4,105,818
Insituform Technologies, Inc., Class A*^	1,497		31,123
Perini Corp.*	22,685		836,169
Shaw Group, Inc.*^	79,100		2,473,457
URS Corp.*	145,800		6,209,622
			13,656,189
Electrical Equipment (0.6%)
Acuity Brands, Inc.	930		50,629
AZZ, Inc.*	100		4,200
Chase Corp.	1,100		35,761
Espey Manufacturing & Electronics Corp.	320		6,288
Genlyte Group, Inc.*	2,746		193,730
Powell Industries, Inc.*^	570		18,240
Preformed Line Products Co.^	3,700		136,863
Regal-Beloit Corp.	55,900		2,592,642
SL Industries, Inc.*	7,300		109,500
Superior Essex, Inc.*	9,780		339,073
Universal Security Instruments, Inc.*	1,093		37,545

66

AXA PREMIER VIP TRUST

AXA PREMIER VIP MID CAP VALUE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2007 (Unaudited)

	Number of Shares	Value (Note 1)
Woodward Governor Co.^	69,012	$	2,841,224
			6,365,695
Industrial Conglomerates (1.6%)
Carlisle Cos., Inc.	83,400		3,580,362
McDermott International, Inc.*	95,850		4,694,733
Sequa Corp., Class A*	8,640		1,034,813
Standex International Corp.^	25,200		718,452
Teleflex, Inc.	75,174		5,117,094
Tredegar Corp.^	100		2,279
Walter Industries, Inc.	68,700		1,700,325
			16,848,058
Machinery (5.0%)
AGCO Corp.*	112,570		4,161,713
Baldwin Technology Co., Class A*	6,280		31,400
Dover Corp.	113,795		5,554,334
Eastern Co.	5,400		146,772
EnPro Industries, Inc.*^	20,600		742,630
Hardinge, Inc.^	5,045		131,977
Harsco Corp.	78,900		3,539,454
Hurco Cos., Inc.*^	100		4,285
Joy Global, Inc.	136,100		5,838,690
K-Tron International, Inc.*	1,400		100,422
Kadant, Inc.*^	1,510		38,294
Kennametal, Inc.	99,274		6,711,915
L.S. Starrett Co., Class A	920		16,560
Lydall, Inc.*^	17,890		284,272
Mfri, Inc.*^	880		16,315
Mueller Water Products, Inc., Class B^	114,622		1,534,789
NACCO Industries, Inc., Class A	6,920		950,877
Pentair, Inc.	146,600		4,568,056
Robbins & Myers, Inc.	21,860		815,159
SPX Corp.	129,320		9,078,264
Supreme Industries, Inc., Class A^	2,050		11,993
Tennant Co.^	1,000		31,490
Toro Co.^	89,100		4,565,484
Trinity Industries, Inc.^	59,740		2,504,301
Twin Disc, Inc.^	6,780		289,506
Watts Water Technologies, Inc., Class A^	300		11,409
			51,680,361
Marine (0.0%)
B&H Ocean Carriers Ltd.*	1,100		20,130
International Shipholding Corp.*	1,570		28,825
			48,955
Road & Rail (0.5%)
Avis Budget Group, Inc.*	153,200		4,185,424
Covenant Transport, Inc., Class A*^	2,344		25,831
P.A.M. Transportation Services, Inc.*^.	4,190		86,398
Ryder System, Inc.	530		26,150
Saia, Inc.*	3,062		72,722
U.S. Xpress Enterprises, Inc., Class A*^	11,100		191,586
Werner Enterprises, Inc.^.	29,268		531,800
			5,119,911
Trading Companies & Distributors (0.6%)
Applied Industrial Technologies, Inc.^	82,245		2,017,470
Industrial Distribution Group, Inc.*^	11,700		146,133
Kaman Corp.^	2,859		66,643
Rush Enterprises, Inc., Class A*^.	17,828		342,476
Rush Enterprises, Inc., Class B*	7,900		143,069
UAP Holding Corp.^	150,200		3,882,670
Willis Lease Finance Corp.*	9,270		93,349
			6,691,810
Total Industrials			161,148,437
Information Technology (16.8%)
Communications Equipment (1.3%)
ADC Telecommunications, Inc.*	367,200		6,146,928
Avocent Corp.*	4		108
Bel Fuse, Inc., Class B^	20,415		790,265
Black Box Corp.^	1,871		68,366
Channell Commercial Corp.*	300		1,194
CommScope, Inc.*	2,800		120,120
Communications Systems, Inc.^	13,200		137,016
Comverse Technology, Inc.*	208,177		4,444,579
Digi International, Inc.*^	8,989		114,160
EMS Technologies, Inc.*	15,750		303,503
Globecomm Systems, Inc.*^	1,560		16,692
Oplink Communications, Inc.*^	22,900		411,513
PC-Tel, Inc.*^	18,300		186,111
Powerwave Technologies, Inc.*^	90,800		516,652
Tollgrade Communications, Inc.*^	15,100		189,656
			13,446,863
Computers & Peripherals (2.2%)
Astro-Med, Inc.	2,650		29,150
Diebold, Inc.	137,935		6,580,879
Imation Corp.	23,270		939,643
Komag, Inc.*^	13,530		442,837
NCR Corp.*	73,800		3,525,426
Printronix, Inc.	400		5,540
QLogic Corp.*	206,500		3,510,500
STEC, Inc.*^	43,638		307,211
Sun Microsystems, Inc.*	1,181,100		7,098,411
			22,439,597
Electronic Equipment & Instruments (3.9%)
Agilysis, Inc.^	960		21,571
Arrow Electronics, Inc.*	303,146		11,443,761
Avnet, Inc.*	113,190		4,090,687
AVX Corp.	36,310		551,912
Bonso Electronic International, Inc.	5,322		21,767
Coherent, Inc.*	1,996		63,353
CTS Corp.^	45,000		621,900
FARO Technologies, Inc.*.	4,710		135,978
Flextronics International Ltd.*	421,000		4,605,740
Frequency Electronics, Inc.	194		2,118
Gerber Scientific, Inc.*^	200		2,122
Insight Enterprises, Inc.*	23,344		419,725
Merix Corp.*^	22,200		182,484
Mesa Laboratories, Inc.	600		11,100
NU Horizons Electronics Corp.*^	268		2,822
O.I. Corp.	4,500		49,770
Paxar Corp.*^	5,138		147,461
Spectrum Control, Inc.*^	17,470		214,881
Technitrol, Inc.	7,240		189,616
Tektronix, Inc.	283,668		7,988,091
TESSCO Technologies, Inc.*.	6,225		169,258
Vishay Intertechnology, Inc.*	620,420		8,673,471
Zones, Inc.*	15,000		153,750
			39,763,338
Internet Software & Services (0.2%)
Omniture, Inc.*^	2,170		39,559
SAVVIS, Inc.*	32,715		1,566,394

67

AXA PREMIER VIP TRUST

AXA PREMIER VIP MID CAP VALUE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2007 (Unaudited)

	Number of Shares	Value (Note 1)
United Online, Inc.	24,187	$	339,344
			1,945,297
IT Services (1.2%)
BearingPoint, Inc.*^	192,200		1,472,252
CACI International, Inc., Class A*^	88,200		4,133,052
Cass Information Systems, Inc.^	1,237		41,761
Computer Task Group, Inc.*	7,062		31,850
CSP, Inc.*^	30		277
Edgewater Technology, Inc.*^	8,800		74,272
Inforte Corp.*	6,740		23,388
Lightbridge, Inc.*^	23,101		405,884
MPS Group, Inc.*	186,680		2,641,522
Perot Systems Corp., Class A*	73,070		1,305,761
Unisys Corp.*	232,800		1,962,504
VeriFone Holdings, Inc.*	8,520		312,939
			12,405,462
Semiconductors & Semiconductor Equipment (7.2%)
Analog Devices, Inc.	219,000		7,553,310
ASML Holding N.V. (N.Y. Shares)*^	231,400		5,727,150
Axcelis Technologies, Inc.*	11,186		85,461
Cymer, Inc.*	3,700		153,735
Exar Corp.*^	38,079		504,166
Fairchild Semiconductor International, Inc.*	224,000		3,745,280
FEI Co.*^	19,570		705,694
International Rectifier Corp.*	133,900		5,116,319
InTEST Corp.*	1,230		5,535
KLA-Tencor Corp.	97,400		5,193,368
LSI Logic Corp.*^	906,550		9,464,382
Maxim Integrated Products, Inc.	146,600		4,310,040
Micron Technology, Inc.*	423,600		5,117,088
MKS Instruments, Inc.*	50,100		1,278,552
National Semiconductor Corp.	59,970		1,447,676
ON Semiconductor Corp.*^	7,653		68,265
Pericom Semiconductor Corp.*^	21,636		211,600
RF Micro Devices, Inc.*^	74,000		461,020
Rudolph Technologies, Inc.*^	4,110		71,678
Semitool, Inc.*^	29,700		386,100
SRS Labs, Inc.*^	100		1,393
Standard Microsystems Corp.*^	21,801		665,803
Teradyne, Inc.*	491,600		8,131,064
Varian Semiconductor Equipment Associates, Inc.*^	155,400		8,295,252
Veeco Instruments, Inc.*^	15,439		301,061
Verigy Ltd.*	224,815		5,276,408
White Electronic Designs Corp.*	2,249		14,978
			74,292,378
Software (0.8%)
American Software, Inc., Class A	7,570		60,938
BMC Software, Inc.*	155,280		4,781,071
Captaris, Inc.*	7,050		40,819
ePlus, Inc.*^	11,673		124,317
Lawson Software, Inc.*^	730		5,906
NetManage, Inc.*.	1,158		6,080
NetScout Systems, Inc.*^	670		6,064
SPSS, Inc.*^	15,647		564,857
Sybase, Inc.*	100,105		2,530,654
Synopsys, Inc.*	12,343		323,757
			8,444,463
Total Information Technology			172,737,398
Materials (6.9%)
Chemicals (4.9%)
Arch Chemicals, Inc.^	32,360		1,010,279
Bairnco Corp.	790		10,625
Celanese Corp., Class A	193,670		5,972,783
CF Industries Holdings, Inc.^	68,629		2,645,648
Chemtura Corp.	409,800		4,479,114
Cytec Industries, Inc.	206,030		11,587,127
FMC Corp	103,500		7,807,005
Hercules, Inc.*	132,317		2,585,474
Innospec, Inc.^	17,621		1,015,674
International Flavors & Fragrances, Inc.	131,500		6,209,430
Landec Corp.*^	2,410		34,174
LSB Industries, Inc.*^	14,590		227,166
Lubrizol Corp.	16,000		824,480
Material Sciences Corp.*	18,600		185,628
Nalco Holding Co.	1,330		31,787
NewMarket Corp.	880		35,790
OM Group, Inc.*^	21,090		942,301
Penford Corp.	5,414		109,038
Pioneer Cos., Inc.*	4,618		127,642
RPM International, Inc.	22,940		529,914
Schulman (A.), Inc.^	41,676		981,887
Scotts Miracle-Gro Co., Class A.	10,709		471,517
Sensient Technologies Corp.	57,220		1,475,132
Stepan Co.^	8,139		213,649
Terra Industries, Inc.*^	51,560		902,300
			50,415,564
Construction Materials (0.1%)
Martin Marietta Materials, Inc.	8,400		1,135,680
Containers & Packaging (0.7%)
AEP Industries, Inc.*	7,075		304,225
Bemis Co., Inc.	1,960		65,444
Owens-Illinois, Inc.*	200,300		5,161,731
Packaging Corp. of America	22,105		539,362
Rock-Tenn Co., Class A	30,920		1,026,544
			7,097,306
Metals & Mining (1.2%)
Carpenter Technology Corp.	10,800		1,304,208
Century Aluminum Co.*^	49,300		2,311,184
Chaparral Steel Co.^	14,321		833,052
Cleveland-Cliffs, Inc.^	70,790		4,531,268
Commercial Metals Co.	41,502		1,301,088
Friedman Industries, Inc.	4,340		40,102
Metal Management, Inc.^	13,000		600,600
Northwest Pipe Co.*	7,900		314,657
Reliance Steel & Aluminum Co.	9,480		458,832
Schnitzer Steel Industries, Inc.^	13,166		528,878
Synalloy Corp.	2,124		59,302
			12,283,171
Paper & Forest Products (0.0%)
Schweitzer-Mauduit International, Inc.	5,700		141,645
Total Materials			71,073,366
Telecommunication Services (1.1%)
Diversified Telecommunication Services (0.9%)
Atlantic Tele-Network, Inc.^	4,250		111,053
CenturyTel, Inc.	35,455		1,602,211
CT Communications, Inc.^	28,650		690,465
D&E Communications, Inc.	16,780		223,510
Embarq Corp.	69,700		3,927,595
General Communication, Inc., Class A*^	9,934		139,076
Gilat Satellite Networks Ltd. (Berlin Exchange)*	2,100		17,325
Gilat Satellite Networks Ltd. (NASDAQ)*	33,868		279,411
Golden Telecom, Inc.^	24,061		1,332,498

68

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AXA PREMIER VIP MID CAP VALUE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2007 (Unaudited)

	Number of Shares		Value (Note 1)
HickoryTech Corp.		1,046	$	7,249
Level 3 Communications, Inc.*^		121,748		742,663
Premiere Global Services, Inc.*		2,650		29,733
				9,102,789
Wireless Telecommunication Services (0.2%)
NII Holdings, Inc.*		3,335		247,390
Syniverse Holdings, Inc.*^		119,900		1,263,746
USA Mobility, Inc.		35,643		710,365
				2,221,501
Total Telecommunication Services				11,324,290
Utilities (5.9%)
Electric Utilities (3.1%)
Central Vermont Public Service Corp.		830		23,920
Cleco Corp.		54,090		1,397,145
El Paso Electric Co.*		1,360		35,836
Empire District Electric Co.^		2,910		72,168
Northeast Utilities		311,805		10,217,850
Pepco Holdings, Inc.		143,900		4,175,978
Pinnacle West Capital Corp.		86,190		4,158,667
Portland General Electric Co.^		2,490		72,708
PPL Corp.		162,800		6,658,520
Unisource Energy Corp.		40,760		1,530,538
Unitil Corp.		100		2,717
Westar Energy, Inc.		114,300		3,145,536
				31,491,583
Gas Utilities (0.8%)
AGL Resources, Inc.		29,680		1,267,930
Atmos Energy Corp.		8,580		268,382
Chesapeake Utilities Corp.		2,920		90,345
Delta Natural Gas Co., Inc.		100		2,500
Laclede Group, Inc.^		2,860		88,889
Nicor, Inc.^		23,650		1,145,133
South Jersey Industries, Inc.		21,170		805,518
Southern Union Co.		8,143		247,466
UGI Corp.		118,500		3,165,135
WGL Holdings, Inc.		36,210		1,157,996
				8,239,294
Multi-Utilities (1.9%)
Alliant Energy Corp.		117,272		5,256,131
CH Energy Group, Inc.^		2,600		126,594
Florida Public Utilities Co.		100		1,240
MDU Resources Group, Inc.		147,150		4,229,091
OGE Energy Corp.		63,710		2,471,948
Puget Energy, Inc.		78,284		2,010,333
Wisconsin Energy Corp.		114,000		5,531,280
				19,626,617
Water Utilities (0.1%)
American States Water Co.^		6,560		241,867
Artesian Resources Corp., Class A		667		13,740
California Water Service Group^		2,120		81,239
Middlesex Water Co.^		8,713		160,232
SJW Corp.^		14,650		593,032
				1,090,110
Total Utilities				60,447,604
Total Common Stocks (98.4%) (Cost $846,405,365)				1,013,373,483
	Principal Amount
SHORT-TERM INVESTMENTS:
Short-Term Investments of Cash Collateral for Securities Loaned (23.1%)
ACCR, Series 06-2 A1
5.36%, 6/27/08 (l)	$	642,788		642,788
Aegis Finance LLC
5.31%, 4/19/07		6,690,932		6,690,932
Banesto S.A./Madrid
5.33%, 4/19/07		3,500,807		3,500,807
Barclays Capital, Repurchase Agreement
5.40%, 4/2/07 (r)		55,251,984		55,251,984
Bear Stearns Cos., Inc.
5.57%, 3/23/09 (l)		3,500,807		3,500,807
Cedar Springs Capital Co. LLC
5.33%, 4/25/07		4,879,329		4,879,329
CIT Group Holdings, Inc.
5.37%, 4/30/08 (l)		6,721,550		6,721,550
Citigroup Funding, Inc.
5.36%, 4/4/07		6,994,331		6,994,331
5.36%, 3/16/09 (l)		3,500,807		3,500,807
Comerica Bank
5.35%, 3/16/09 (l)		1,400,154		1,400,154
Concord Minutemen C.C. LLC, Series B
5.31%, 4/10/07		2,800,623		2,800,623
Corp. Andina de Fomento
5.31%, 4/12/07		5,553,006		5,553,006
Credit Industriel et Commercial
5.33%, 4/18/07		3,500,851		3,500,851
5.33%, 4/25/07		3,506,481		3,506,481
Crown Point Capital Co.
5.29%, 4/5/07		6,969,841		6,969,841
DekaBank Deutsche
5.38%, 4/30/08 (l)		3,640,840		3,640,840
DLJ/Pershing Division, Repurchase Agreement
5.54%, 4/2/07 (r)		3,500,807		3,500,807
Fenway Funding LLC
5.35%, 6/18/07		6,218,274		6,218,274
5.35%, 6/27/07		3,953,607		3,953,607
Fifth Third Bancorp
5.32%, 4/30/08 (l)		420,093		420,093
Goldman Sachs Group, Inc.
5.38%, 3/28/08 (l)		1,540,355		1,540,355
5.56%, 4/30/08 (l)		2,800,646		2,800,646
5.41%, 3/27/09 (l)		3,500,807		3,500,807
Hartford Life, Inc.
5.45%, 3/28/08 (l)		1,120,258		1,120,258
HSBC Finance Corp.
5.33%, 4/9/07		5,574,079		5,574,079
5.32%, 4/11/07		6,966,634		6,966,634
5.32%, 4/12/07		6,269,045		6,269,045
Kommunalkredit International Bank
5.34%, 4/6/07		6,908,344		6,908,344
Lehman Brothers, Inc.
5.56%, 6/29/07 (l)		490,113		490,113
MBIA Global Funding LLC
5.37%, 3/30/09 (l)		3,500,807		3,500,807
Mizuho Corporate Bank Ltd./London
5.34%, 4/10/07		2,380,549		2,380,549
5.34%, 4/23/07		2,800,646		2,800,646
Mizuho Corporate Bank Ltd./New York
5.31%, 4/10/07		3,500,807		3,500,807
Natexis Banques Populaires N.Y.
5.34%, 8/7/07 (l)		3,500,807		3,500,807
5.37%, 1/28/08 (l)		4,200,969		4,200,969

69

AXA PREMIER VIP TRUST

AXA PREMIER VIP MID CAP VALUE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Concluded)

March 31, 2007 (Unaudited)

	Principal Amount		Value (Note 1)
National Bank of Canada
5.42%, 4/2/07	$	11,202,585	$	11,202,585
New York Life Insurance Co.
5.41%, 6/29/07 (l)		3,500,807		3,500,807
Norinchukin Bank N.Y.
5.34%, 4/9/07		6,301,453		6,301,453
5.33%, 4/16/07		3,500,807		3,500,807
5.32%, 6/5/07		7,001,615		7,001,615
Park Sienna LLC
5.32%, 5/10/07		3,466,984		3,466,984
Raiffeisen Zentralbank
5.31%, 4/19/07		6,972,812		6,972,812
Rhein-Main Securitisaton Ltd.
5.35%, 7/16/07		5,304,567		5,304,567
Silver Tower U.S. Funding LLC
5.37%, 8/16/07		2,728,630		2,728,630
Total Short-Term Investments of Cash Collateral for Securities Loaned				238,183,038
Time Deposit (1.9%)
JPMorgan Chase Nassau
4.79%, 4/2/07		19,142,104		19,142,104
Total Short-Term Investments (25.0%) (Amortized Cost $257,325,142)				257,325,142
Total Investments (123.4%) (Cost/Amortized Cost $1,103,730,507)				1,270,698,625
Other Assets Less Liabilities (-23.4%)				(240,911,601	)
Net Assets (100%)			$	1,029,787,024

* Non-income producing.

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

† Securities (totaling $1,801,575 or 0.17% 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 March 31, 2007, the market value of these securities amounted to $3,382,015 or 0.33% 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 March 31, 2007.

(r) The repurchase agreement is fully collateralized by U.S. government and/or agency obligations based on market prices at the date of this portfolio of investments.

Glossary:

ADR — American Depositary Receipt

Investment security transactions for the three months ended March 31, 2007 were as follows:

Cost of Purchases:
Stocks and long-term corporate debt securities	$	130,449,254
Net Proceeds of Sales and Redemptions:
Stocks and long-term corporate debt securities		130,574,840

As of March 31, 2007, 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	$	174,027,692
Aggregate gross unrealized depreciation		(12,918,865	)
Net unrealized appreciation	$	161,108,827
Federal income tax cost of investments	$	1,109,589,798

At March 31, 2007, the Portfolio had loaned securities with a total value of $234,487,619. This was secured by collateral of $238,183,038 which was received as cash and subsequently invested in short-term investments as reported in the portfolio of investments.

For the three months ended March 31, 2007, the Portfolio incurred approximately $514 as brokerage commissions with Williams Capital Group., and $19 with Sanford C. Bernstein & Co., Inc, affiliated broker/dealers.

See Notes to Financial Statements.

70

AXA PREMIER VIP TRUST

AXA PREMIER VIP TECHNOLOGY PORTFOLIO

PORTFOLIO OF INVESTMENTS

March 31, 2007 (Unaudited)

	Number of Shares	Value (Note 1)
COMMON STOCKS:
Consumer Discretionary (2.3%)
Hotels, Restaurants & Leisure (0.3%)
Ctrip.com International Ltd. (ADR)^	23,900	$	1,600,941
Household Durables (1.4%)
LG Electronics, Inc.	66,231		4,519,590
Sony Corp.	48,700		2,475,501
			6,995,091
Media (0.6%)
Focus Media Holding Ltd. (ADR)*	40,720		3,194,891
Total Consumer Discretionary			11,790,923
Energy (0.2%)
Energy Equipment & Services (0.2%)
Cameron International Corp.*	17,200		1,079,988
Total Energy			1,079,988
Health Care (0.6%)
Health Care Technology (0.6%)
Cerner Corp.*^	62,100		3,381,345
Total Health Care			3,381,345
Industrials (3.7%)
Commercial Services & Supplies (1.8%)
Manpower, Inc.	36,700		2,707,359
Monster Worldwide, Inc.*	56,800		2,690,616
Robert Half International, Inc.	78,300		2,897,883
SAIC, Inc.*^	58,820		1,018,762
			9,314,620
Electrical Equipment (1.7%)
ABB Ltd. (Registered)	168,900		2,891,100
Energy Conversion Devices, Inc.*^	59,300		2,071,942
First Solar, Inc.*	17,320		900,813
Q-Cells AG*	16,800		1,078,127
Suntech Power Holdings Co., Ltd. (ADR)*^	53,340		1,846,098
			8,788,080
Industrial Conglomerates (0.2%)
Orkla ASA	15,080		1,063,090
Total Industrials			19,165,790
Information Technology (85.0%)
Communications Equipment (17.7%)
Cisco Systems, Inc.*	765,785		19,550,491
Comverse Technology, Inc.*	188,100		4,015,935
Corning, Inc.*	890,324		20,245,968
Juniper Networks, Inc.*	120,200		2,365,536
Nice Systems Ltd. (ADR)*^	112,400		3,823,848
Nokia Oyj (ADR)*	238,030		5,455,648
QUALCOMM, Inc.	516,505		22,034,103
Research In Motion Ltd.*	73,450		10,025,190
Sonus Networks, Inc.*^	349,200		2,818,044
Telefonaktiebolaget LM Ericsson (Sponsored ADR)	56,400		2,091,876
			92,426,639
Computers & Peripherals (13.3%)
Apple Inc.*	262,502		24,389,061
EMC Corp.*	526,700		7,294,795
Hewlett-Packard Co.	476,190		19,114,267
International Business Machines Corp.	47,200		4,449,072
Network Appliance, Inc.*	100,350		3,664,782
Seagate Technology	449,504		10,473,443
			69,385,420
Electronic Equipment & Instruments (3.6%)
Hon Hai Precision Industry Co., Ltd.	1,076,118	$	7,219,213
L-1 Identity Solutions, Inc.*^	575,869		9,507,597
SunPower Corp., Class A*^	43,230		1,966,965
			18,693,775
Internet Software & Services (8.2%)
eBay, Inc.*	261,220		8,659,443
Google, Inc., Class A*	51,465		23,579,204
SINA Corp.*^	41,510		1,395,151
Tencent Holdings Ltd.	1,480,000		4,830,102
Yahoo!, Inc.*	127,000		3,973,830
			42,437,730
IT Services (4.8%)
Accenture Ltd., Class A	103,000		3,969,620
Automatic Data Processing, Inc†	76,900		3,343,227
BISYS Group, Inc.*	139,200		1,595,232
Broadridge Financial Solutions, Inc.*	192		3,782
Cognizant Technology Solutions Corp., Class A*	34,300		3,027,661
DST Systems, Inc.*^	61,200		4,602,240
First Data Corp.	130,700		3,515,830
Iron Mountain, Inc.*	69,750		1,822,568
MoneyGram International, Inc.^	17,000		471,920
Western Union Co.	131,100		2,877,645
			25,229,725
Semiconductors & Semiconductor Equipment (20.7%)
Altera Corp.*	131,600		2,630,684
Analog Devices, Inc.	33,600		1,158,864
Applied Materials, Inc.	437,375		8,012,710
ASML Holding N.V.*	109,295		2,699,572
ASML Holding N.V. (N.Y. Shares)*^	334,254		8,272,787
Broadcom Corp., Class A*	297,588		9,543,647
Chartered Semiconductor Manufacturing Ltd.*	4,200,000		4,014,105
FormFactor, Inc.*	44,500		1,991,375
Infineon Technologies AG*	256,000		3,984,039
Intel Corp.	177,595		3,397,392
KLA-Tencor Corp.	64,300		3,428,476
Lam Research Corp.*	156,900		7,427,646
Marvell Technology Group Ltd.*	239,300		4,022,633
Maxim Integrated Products, Inc.	272,040		7,997,976
MEMC Electronic Materials, Inc.*	19,740		1,195,849
NVIDIA Corp.*	74,500		2,144,110
ON Semiconductor Corp.*^	165,570		1,476,884
Renewable Energy Corp. AS*	55,400		1,253,229
Samsung Electronics Co., Ltd.	1,900		1,137,011
Semtech Corp.*	94,700		1,276,556
Silicon-On-Insulater Technologies*	94,022		2,243,204
Taiwan Semiconductor Manufacturing Co., Ltd. (ADR)	931,792		10,016,764
Texas Instruments, Inc	485,737		14,620,684
Trident Microsystems, Inc.*^	124,000		2,487,440
Varian Semiconductor Equipment Associates, Inc.*^	29,300		1,564,034
			107,997,671
Software (16.7%)
Activision, Inc.*	408,600		7,738,884
Adobe Systems, Inc.*	389,730		16,251,741
Amdocs Ltd.*	310,205		11,316,278
Autodesk, Inc.*	132,000		4,963,200
Electronic Arts, Inc.*	103,500		5,212,260
Microsoft Corp.	480,035		13,378,576
Nintendo Co., Ltd.	35,400		10,288,951
Oracle Corp.*	98,400		1,783,992
Red Hat, Inc.*^	371,000		8,507,030

71

AXA PREMIER VIP TRUST

AXA PREMIER VIP TECHNOLOGY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2007 (Unaudited)

	Number of Shares		Value (Note 1)
Salesforce.com, Inc.*		111,100	$	4,757,302
THQ, Inc.*^		78,340		2,678,445
				86,876,659
Total Information Technology				443,047,619
Materials (0.8%)
Chemicals (0.8%)
Monsanto Co		33,000		1,813,680
Tokuyama Corp		71,000		1,241,175
Wacker Chemie AG*		7,560		1,312,873
Total Materials				4,367,728
Telecommunication Services (2.8%)
Diversified Telecommunication Services (0.6%)
Level 3 Communications, Inc.*^		501,400		3,058,540
Wireless Telecommunication Services (2.2%)
China Mobile Ltd. (ADR)^		106,767		4,788,500
NII Holdings, Inc.*		88,700		6,579,766
				11,368,266
Total Telecommunication Services				14,426,806
Total Common Stocks (95.4%) (Cost $441,703,199)				497,260,199
	Number of Contracts
WARRANTS:
Information Technology (1.4%)
Electronic Equipment & Instruments (0.7%)
Hon Hai Precision Industry Co., Ltd., TWD 0.000001, expiring 11/17/10*		550,000		3,689,950
IT Services (0.7%)
Infosys Technologies Ltd., $0.000001 expiring 11/22/10*§(b)		43,230		2,017,734
Tata Consultancy Services Ltd., $0.0001 expiring 09/12/09*†§(b).		28,826		1,629,502
				3,647,236
Total Warrants (1.4%) (Cost $6,359,832)				7,337,186
	Number of Shares
INVESTMENT COMPANY:
iShares Goldman Sachs Technology Index Fund.		34,600		1,773,250
Total Investment Company (0.4%) (Cost $1,746,608)				1,773,250
	Principal Amount
SHORT-TERM INVESTMENTS:
Short-Term Investments of Cash Collateral for Securities Loaned (10.4%)
ACCR, Series 06-2 A1
5.36%, 6/27/08 (l)	$	146,100		146,100
Aegis Finance LLC
5.31%, 4/19/07		1,520,786		1,520,786
Banesto S.A./Madrid
5.33%, 4/19/07		795,700		795,700
Barclays Capital, Repurchase Agreement
5.40%, 4/2/07 (r).		12,558,254		12,558,254
Bear Stearns Cos., Inc.
5.57%, 3/23/09		795,700		795,700
Cedar Springs Capital Co. LLC
5.33%, 4/25/07		1,109,025		1,109,025
CIT Group Holdings, Inc.
5.37%, 4/30/08 (l)		1,527,745		1,527,745
Citigroup Funding, Inc.
5.36%, 4/4/07		1,589,746		1,589,746
5.36%, 3/16/09 (l)		795,700		795,700
Comerica Bank
5.35%, 3/16/09		318,242		318,242
Concord Minutemen C.C. LLC, Series B
5.31%, 4/10/07		636,555		636,555
Corp. Andina de Fomento
5.31%, 4/12/07		1,262,146		1,262,146
Credit Industriel et Commercial
5.33%, 4/18/07		795,710		795,710
5.33%, 4/25/07		796,990		796,990
Crown Point Capital Co.
5.29%, 4/5/07		1,584,179		1,584,179
DekaBank Deutsche
5.38%, 4/30/08 (l)		827,528		827,528
DLJ/Pershing Division, Repurchase Agreement
5.54%, 4/2/07 (r)		795,700		795,700
Fenway Funding LLC
5.35%, 6/18/07		1,413,355		1,413,355
5.35%, 6/27/07		898,618		898,618
Fifth Third Bancorp
5.32%, 4/30/08 (l)		95,483		95,483
Goldman Sachs Group, Inc.
5.38%, 3/28/08 (l)		350,108		350,108
5.56%, 4/30/08 (l)		636,560		636,560
5.41%, 3/27/09 (l)		795,700		795,700
Hartford Life, Inc.
5.45%, 3/28/08 (l)		254,624		254,624
HSBC Finance Corp.
5.33%, 4/9/07		1,266,935		1,266,935
5.32%, 4/11/07		1,583,450		1,583,450
5.32%, 4/12/07		1,424,895		1,424,895
Kommunalkredit International Bank
5.34%, 4/6/07		1,570,201		1,570,201
Lehman Brothers, Inc.
5.56%, 6/29/07 (l)		111,398		111,398
MBIA Global Funding LLC
5.37%, 3/30/09 (l)		795,700		795,700
Mizuho Corporate Bank Ltd./London
5.34%, 4/10/07		541,076		541,076
5.34%, 4/23/07		636,560		636,560
Mizuho Corporate Bank Ltd./New York
5.31%, 4/10/07		795,700		795,700
Natexis Banques Populaires N.Y.
5.34%, 8/7/07 (l)		795,700		795,700
5.37%, 1/28/08 (l)		954,841		954,841
National Bank of Canada
5.42%, 4/2/07		2,546,242		2,546,242
New York Life Insurance Co.
5.41%, 6/29/07 (l)		795,700		795,700
Norinchukin Bank N.Y.
5.34%, 4/9/07		1,432,261		1,432,261
5.33%, 4/16/07		795,700		795,700
5.32%, 6/5/07		1,591,402		1,591,402
Park Sienna LLC
5.32%, 5/10/07		788,013		788,013
Raiffeisen Zentralbank
5.31%, 4/19/07		1,584,855		1,584,855
Rhein-Main Securitisaton Ltd.
5.35%, 7/16/07		1,205,678		1,205,678

72

AXA PREMIER VIP TRUST

AXA PREMIER VIP TECHNOLOGY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Concluded)

March 31, 2007 (Unaudited)

	Principal Amount		Value (Note 1)
Silver Tower U.S. Funding LLC 5.37%, 8/16/07	$	620,192	$	620,192
Total Short-Term Investments of Cash Collateral for Securities Loaned				54,136,753
Time Deposit (2.2%)
JPMorgan Chase Nassau 4.79%, 4/2/07		11,731,323		11,731,323
Total Short-Term Investments (12.6%) (Amortized Cost $65,868,076)				65,868,076
Total Investments (109.8%) (Cost/Amortized Cost $515,677,715)				572,238,711
Other Assets Less Liabilities (-9.8%)				(51,017,394	)
Net Assets (100%)			$	521,221,317

* Non-income producing.

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

† Securities (totaling $4,972,729 or 0.95% 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 March 31, 2007, the market value of these securities amounted to $3,647,236 or 0.70% 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 March 31, 2007.

(r) The repurchase agreements are fully collateralized by U.S. government and/or agency obligations based on market prices at the date of this portfolio of investments.

Glossary:

ADR — American Depositary Receipt

Investment security transactions for the three months ended March 31, 2007 were as follows:

Cost of Purchases:
Stocks and long-term corporate debt securities	$	156,837,281
Net Proceeds of Sales and Redemptions:
Stocks and long-term corporate debt securities	$	185,988,302

As of March 31, 2007, 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.	$	53,127,457
Aggregate gross unrealized depreciation.		(6,977,104	)
Net unrealized appreciation	$	48,150,353
Federal income tax cost of investments	$	526,088,358

At March 31, 2007, the Portfolio had loaned securities with a total value of 53,108,112. This was secured by collateral of $54,136,753 which was received as cash and subsequently invested in short-term investments as reported in the portfolio of investments.

For the three months ended March 31, 2007, the Portfolio incurred approximately $938 as brokerage commissions with BNP Paribas, and $966 with Sanford Bernstein & Co., Inc., affiliated broker/dealers.

The Portfolio has a net capital loss carryforward of $143,918,720 of which $118,265,703 expires in the year 2009, and $25,653,017 expires in the year 2010.

Included in the capital loss carryforward amounts are $143,918,720 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.

73

AXA PREMIER VIP TRUST

AXA TARGET ALLOCATION 2015 PORTFOLIO

PORTFOLIO OF INVESTMENTS

March 31, 2007 (Unaudited)

	Number of Shares		Value (Note 1)
INVESTMENT COMPANIES:
AXA Premier VIP Aggressive Equity Portfolio‡		13,247	$	382,388
AXA Premier VIP High Yield Portfolio‡		41,328		238,024
AXA Premier VIP Large Cap Value Portfolio‡		12,552		163,768
AXA Premier VIP Mid Cap Growth Portfolio‡		2,489		23,353
AXA Premier VIP Mid Cap Value Portfolio‡		8,979		94,303
EQ/Bond Index Portfolio‡		107,450		1,090,615
EQ/Equity 500 Index Portfolio‡		50,549		1,317,410
EQ/International ETF Portfolio‡		64,461		734,342
EQ/Small Company Index Portfolio‡		26,746		354,269
EQ/Van Kampen Emerging Markets Equity Portfolio‡		12,740		212,244
Total Investment Companies (99.5%) (Cost $4,533,851)				4,610,716
	Principal Amount
SHORT-TERM INVESTMENT:
Time Deposit (1.1%)
JPMorgan Chase Nassau, 4.79%, 4/2/07 (Amortized Cost $ 52,085)	$	52,085		52,085
Total Investments (100.6%) (Cost/Amortized Cost $4,585,936)				4,662,801
Other Assets Less Liabilities (-0.6%)				(26,824	)
Net Assets (100%)			$	4,635,977

‡ 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 three months ended March 31, 2007, were as follows:

Securities	Market Value December 31, 2006		Purchases at Cost		Sales at Cost		Market Value March 31, 2007		Dividend Income		Realized Gain/(Loss)
AXA Premier VIP Aggressive Equity Portfolio	$	210,032	$	180,881	$	7,885	$	382,388	$	—	$	1,138
AXA Premier VIP High Yield Portfolio		124,304		114,978		5,411		238,024		—		(94	)
AXA Premier VIP Large Cap Value Portfolio		82,198		83,058		3,502		163,768		—		223
AXA Premier VIP Mid Cap Growth Portfolio		12,640		10,640		524		23,353		—		6
AXA Premier VIP Mid Cap Value Portfolio		36,329		58,520		2,906		94,303		—		13
EQ/Bond Index Portfolio		590,446		516,041		26,411		1,090,615		—		(668	)
EQ/Equity 500 Index Portfolio		729,443		611,802		28,921		1,317,410		—		1,600
EQ/International ETF Portfolio		406,244		322,294		15,476		734,342		—		1,231
EQ/Small Company Index Portfolio		213,442		142,610		6,615		354,269		—		290
EQ/Van Kampen Emerging Markets Equity Portfolio		123,549		87,182		4,342		212,244		—		427
	$	2,528,627	$	2,128,006	$	101,993	$	4,610,716	$	—	$	4,166

74

AXA PREMIER VIP TRUST

AXA TARGET ALLOCATION 2015 PORTFOLIO

PORTFOLIO OF INVESTMENTS (Concluded)

March 31, 2007 (Unaudited)

Investment security transactions for the three months ended March 31, 2007 were as follows:

Cost of Purchases:
Investment Companies	$	2,128,006
Net Proceeds of Sales and Redemptions:
Investment Companies	$	106,159

As of March 31, 2007, 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	$	86,674
Aggregate gross unrealized depreciation		(9,840	)
Net unrealized appreciation	$	76,834
Federal income tax cost of investments	$	4,585,967

See Notes to Financial Statements.

75

AXA PREMIER VIP TRUST

AXA TARGET ALLOCATION 2025 PORTFOLIO

PORTFOLIO OF INVESTMENTS

March 31, 2007 (Unaudited)

	Number of Shares		Value (Note 1)
INVESTMENT COMPANIES:
AXA Premier VIP Aggressive Equity Portfolio‡		14,424	$	416,351
AXA Premier VIP High Yield Portfolio‡		26,084		150,229
AXA Premier VIP Large Cap Value Portfolio‡		13,668		178,332
AXA Premier VIP Mid Cap Growth Portfolio‡		4,066		38,145
AXA Premier VIP Mid Cap Value Portfolio‡		10,339		108,582
EQ/Bond Index Portfolio‡		78,679		798,588
EQ/Equity 500 Index Portfolio‡		65,837		1,715,840
EQ/International ETF Portfolio‡		82,041		934,603
EQ/Small Company Index Portfolio‡		33,089		438,279
EQ/Van Kampen Emerging Markets Equity Portfolio‡		15,481		257,907
Total Investment Companies (99.8%) (Cost $4,943,644)				5,036,856
	Principal Amount
SHORT-TERM INVESTMENT:
Time Deposit (0.6%)
JPMorgan Chase Nassau 4.79, 4/2/07 (Amortized Cost $ 31,259)	$	31,259		31,259
Total Investments (100.4%) (Cost/Amortized Cost $4,974,903)				5,068,115
Other Assets Less Liabilities (-0.4%)				(19,848	)
Net Assets (100%)			$	5,048,267

‡ 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 three months ended March 31, 2007, were as follows:

Securities	Market Value December 31, 2006		Purchases at Cost		Sales at Cost		Market Value March 31, 2007		Dividend Income		Realized Gain/(Loss)
AXA Premier VIP Aggressive Equity Portfolio	$	223,593	$	198,031	$	3,627	$	416,351	$	—	$	465
AXA Premier VIP High Yield Portfolio		79,148		69,893		1,443		150,229		—		2
AXA Premier VIP Large Cap Value Portfolio		87,490		90,829		1,751		178,332		—		151
AXA Premier VIP Mid Cap Growth Portfolio		20,164		17,473		347		38,145		—		14
AXA Premier VIP Mid Cap Value Portfolio		43,284		378,589		7,919		108,582		—		52
EQ/Bond Index Portfolio		419,954		64,069		1,272		798,588		—		(96	)
EQ/Equity 500 Index Portfolio		929,557		799,129		15,546		1,715,840		—		956
EQ/International ETF Portfolio		500,546		415,898		7,634		934,603		—		936
EQ/Small Company Index Portfolio		248,595		188,663		3,695		438,279		—		241
EQ/Van Kampen Emerging Markets Equity Portfolio		146,131		107,202		1,930		257,907		—		261
	$	2,698,462	$	2,329,776	$	45,164	$	5,036,856	$	—	$	2,982

76

AXA PREMIER VIP TRUST

AXA TARGET ALLOCATION 2025 PORTFOLIO

PORTFOLIO OF INVESTMENTS (Concluded)

March 31, 2007 (Unaudited)

Investment security transactions for the three months ended March 31, 2007 were as follows:

Cost of Purchases:
Investment Companies	$	2,329,776
Net Proceeds of Sales and Redemptions:
Investment Companies		48,146

As of March 31, 2007, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investments for Federal income tax purposes was as follows:

Aggregate gross unrealized appreciation	$	99,614
Aggregate gross unrealized depreciation		(6,402	)
Net unrealized appreciation	$	93,212
Federal income tax cost of investments	$	4,974,903

See Notes to Financial Statements.

77

AXA PREMIER VIP TRUST

AXA TARGET ALLOCATION 2035 PORTFOLIO

PORTFOLIO OF INVESTMENTS

March 31, 2007 (Unaudited)

	Number of Shares		Value (Note 1)
INVESTMENT COMPANIES:
AXA Premier VIP Aggressive Equity Portfolio‡		9,442	$	272,562
AXA Premier VIP High Yield Portfolio‡		11,942		68,781
AXA Premier VIP Large Cap Value Portfolio‡		9,166		119,588
AXA Premier VIP Mid Cap Growth Portfolio‡		3,559		33,383
AXA Premier VIP Mid Cap Value Portfolio‡		6,818		71,608
EQ/Bond Index Portfolio‡		22,094		224,252
EQ/Equity 500 Index Portfolio‡		49,826		1,298,581
EQ/International ETF Portfolio‡		62,191		708,474
EQ/Small Company Index Portfolio‡		24,428		323,563
EQ/Van Kampen Emerging Markets Equity Portfolio‡		11,616		193,512
Total Investment Companies (99.8%) (Cost $3,220,253)				3,314,304
	Principal Amount
SHORT-TERM INVESTMENT:
Time Deposit (7.8%)
JPMorgan Chase Nassau 4.79%, 4/2/07 (Amortized Cost $ 258,229)	$	258,229		258,229
Total Investments (107.6%) (Cost/Amortized Cost $3,478,482)				3,572,533
Other Assets Less Liabilities (-7.6%)				(252,714	)
Net Assets (100%)			$	3,319,819

‡ 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 three months ended March 31, 2007, were as follows:

Securities	Market Value December 31, 2006		Purchases at Cost		Sales at Cost		Market Value March 31, 2007		Dividend Income		Realized Gain/(Loss)
AXA Premier VIP Aggressive Equity Portfolio.	$	145,217	$	130,676	$	2,941	$	272,562	$	—	$	336
AXA Premier VIP High Yield Portfolio.		34,364		34,098		788		68,781		—		(16	)
AXA Premier VIP Large Cap Value Portfolio		59,069		60,510		1,282		119,588		—		68
AXA Premier VIP Mid Cap Growth Portfolio.		17,628		15,374		391		33,383		—		(6	)
AXA Premier VIP Mid Cap Value Portfolio		25,507		45,628		1,078		71,608		—		(19	)
EQ/Bond Index Portfolio		117,488		107,616		2,760		224,252		—		(62	)
EQ/Equity 500 Index Portfolio.		707,530		602,034		14,911		1,298,581		—		606
EQ/International ETF Portfolio.		380,353		316,637		7,663		708,474		—		529
EQ/Small Company Index Portfolio		182,456		140,237		3,104		323,563		—		76
EQ/Van Kampen Emerging Markets Equity Portfolio.		105,791		84,555		1,939		193,512		—		181
	$	1,775,403	$	1,537,365	$	36,857	$	3,314,304	$	—	$	1,693

78

AXA PREMIER VIP TRUST

AXA TARGET ALLOCATION 2035 PORTFOLIO

PORTFOLIO OF INVESTMENTS (Concluded)

March 31, 2007 (Unaudited)

Investment security transactions for the three months ended March 31, 2007 were as follows:

Cost of Purchases:
Investment Companies	$	1,537,365
Net Proceeds of Sales and Redemptions:
Investment Companies		38,550

As of March 31, 2007, 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	$	95,471
Aggregate gross unrealized depreciation		(1,420	)
Net unrealized appreciation	$	94,051
Federal income tax cost of investments	$	3,478,482

See Notes to Financial Statements.

79

AXA PREMIER VIP TRUST

AXA TARGET ALLOCATION 2045 PORTFOLIO

PORTFOLIO OF INVESTMENTS

March 31, 2007 (Unaudited)

	Number of Shares		Value (Note 1)
INVESTMENT COMPANIES:
AXA Premier VIP Aggressive
Equity Portfolio‡		6,596	$	190,413
AXA Premier VIP Large Cap
Value Portfolio‡		6,495		84,748
AXA Premier VIP Mid Cap
Growth Portfolio‡		3,137		29,425
AXA Premier VIP Mid Cap
Value Portfolio‡		4,508		47,339
EQ/Equity 500 Index Portfolio‡		39,090		1,018,775
EQ/International ETF Portfolio‡		49,416		562,949
EQ/Small Company Index Portfolio‡		19,115		253,192
EQ/Van Kampen Emerging
Markets Equity Portfolio‡		9,279		154,577
Total Investment Companies (99.9%) (Cost $2,261,717)				2,341,418
	Principal Amount
SHORT-TERM INVESTMENT:
Time Deposit (3.8%)
JPMorgan Chase Nassau 4.79, 4/2/07 (Amortized Cost $ 89,870)	$	89,870		89,870
Total Investments (103.7%) (Cost/Amortized Cost $2,351,587).				2,431,288
Other Assets Less Liabilities (-3.7%)		.		(86,596	)
Net Assets (100%)			$	2,344,692

‡ 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 three months ended March 31, 2007, were as follows:

Securities	Market Value December 31, 2006		Purchases at Cost		Sales at Cost		Market Value March 31, 2007		Dividend Income		Realized Gain/(Loss)
AXA Premier VIP Aggressive Equity Portfolio.	$	129,883	$	65,105	$	3,926	$	190,413	$	—	$	459
AXA Premier VIP Large Cap Value Portfolio		55,855		29,744		1,847		84,748		—		133
AXA Premier VIP Mid Cap Growth Portfolio.		19,654		9,574		629		29,425		—		17
AXA Premier VIP Mid Cap Value Portfolio		25,254		22,085		1,424		47,339		—		41
EQ/Equity 500 Index Portfolio.		699,297		338,929		21,729		1,018,775		—		1,102
EQ/International ETF Portfolio.		379,540		177,507		10,870		562,949		—		1,121
EQ/Small Company Index Portfolio		178,057		76,594		4,900		253,192		—		259
EQ/Van Kampen Emerging Markets Equity Portfolio.		107,285		46,403		2,820		154,577		—		317
	$	1,594,825	$	765,941	$	48,145	$	2,341,418	$	—	$	3,449

Investment security transactions for the three months ended March 31, 2007 were as follows:

Cost of Purchases:
Investment Companies	$	765,942
Net Proceeds of Sales and Redemptions:
Investment Companies		51,594

As of March 31, 2007, 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	$	79,676
Aggregate gross unrealized depreciation		(5	)
Net unrealized appreciation	$	79,671
Federal income tax cost of investments	$	2,351,617

See Notes to Financial Statements.

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AXA PREMIER VIP TRUST

NOTES TO FINANCIAL STATEMENTS

March 31, 2007 (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. 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”). On August 31, 2006, AXA Equitable contributed $500,000 per class in seed capital to each of the Target Allocation Portfolios.

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 and Target 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

81

AXA PREMIER VIP TRUST

NOTES TO FINANCIAL STATEMENTS — (Continued)

March 31, 2007 (Unaudited)

AXA Equitable, ALAC, MONY or MONY America and to The Investment Plan for Employees, 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 ClearBridge Advisors, LLC (“ClearBridge”) — Long-term growth of capital. Effective January 12, 2007, ClearBridge replaced MFS Investment Management (“MFS”) as the Adviser for the AXA Premier VIP Aggressive Equity Portfolio.

AXA Premier VIP Core Bond Portfolio (advised by BlackRock Financial Management, 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, JPMorgan 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 T. Rowe Price Associates, Inc. (“T. Rowe”), RCM and TCW Investment Management Company (“TCW”)) — Long-term growth of capital. Effective January 12, 2007, T. Rowe replaced AllianceBernstein as the Adviser for the AXA Premier VIP Large Cap Growth Portfolio.

AXA Premier VIP Large Cap Value Portfolio (advised by AllianceBernstein, Institutional Capital LLC 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.

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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.

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 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. If the bid price is higher or the asked price is lower than the last sale price, the higher bid or lower asked price may be 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.

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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.

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

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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.

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 March 31, 2007, 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

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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.

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

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March 31, 2007 (Unaudited)

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 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 March 31, 2007.

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

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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 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.

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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

May 25, 2007

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By:	/s/ Steven M. Joenk
	Steven M. Joenk
	Chief Executive Officer

May 25, 2007

By:	/s/ Kenneth T. Kozlowski
	Kenneth T. Kozlowski
	Chief Financial Officer

May 25, 2007