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:

MARK AMOROSI, ESQ.

Kirkpatrick & Lockhart Preston Gates Ellis LLP

1601 K Street, N.W.

Washington, D.C. 20036-1800

Telephone: (202) 778-9000

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

Date of fiscal year end: December 31

Date of reporting period: July 1, 2007 – September 30, 2007

Item 1. Schedule of Investments.

The following are schedules of investments of the registrant as of September 30, 2007. The schedules have not been audited.

AXA Premier VIP Trust

Quarterly Report

September 30, 2007

AXA PREMIER VIP TRUST

AXA CONSERVATIVE ALLOCATION PORTFOLIO

PORTFOLIO OF INVESTMENTS

September 30, 2007 (Unaudited)

	Number of Shares	Value (Note 1)
INVESTMENT COMPANIES:
EQ/AllianceBernstein Quality Bond Portfolio‡	1,094,374	$	11,233,760
EQ/AllianceBernstein Value Portfolio‡	1,608,164		27,127,347
EQ/BlackRock Basic Value Equity Portfolio‡	915,461		16,671,857
EQ/BlackRock International Value Portfolio‡	237,061		4,399,851
EQ/Davis New York Venture Portfolio‡	145,377		1,668,814
EQ/Evergreen International Bond Portfolio‡	3,655,401		39,435,874
EQ/JPMorgan Core Bond Portfolio‡	2,114,593		23,668,173
EQ/Long Term Bond Portfolio‡	4,695,712		64,164,712
EQ/Marsico Focus Portfolio‡	873,723		16,805,924
EQ/Money Market Portfolio‡	21,981		21,981
EQ/PIMCO Real Return Portfolio*‡	1,845,825		19,016,319
EQ/Short Duration Bond Portfolio‡	17,266,595		178,867,463
MarketPLUS International Core Portfolio‡	284,466		4,567,431
Multimanager Aggressive Equity Portfolio‡	313,831		10,391,695
Multimanager Core Bond Portfolio‡	6,389,334		65,304,511
Multimanager High Yield Portfolio‡	5,119,987		29,812,947
Multimanager International Equity Portfolio‡	857,158		15,111,895
Multimanager Large Cap Core Equity Portfolio‡	355,027		4,617,478
Multimanager Large Cap Value Portfolio‡	1,068,212		14,785,242
Multimanager Mid Cap Value Portfolio‡	643,873		6,876,058
Total Investments (100.2%) (Cost $532,742,115)			554,549,332
Other Assets Less Liabilities (-0.2%)			(1,148,998	)
Net Assets (100%)		$	553,400,334

* Non-income producing.

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

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

1

AXA PREMIER VIP TRUST

AXA CONSERVATIVE ALLOCATION PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2007 (Unaudited)

Investments in companies which were affiliates for the nine months ended September 30, 2007, were as follows:

Securities	Market Value December 31, 2006		Purchases at Cost		Sales at Cost		Market Value September 30, 2007		Dividend Income		Realized Gain/(Loss)
EQ/AllianceBernstein Quality Bond Portfolio	$	8,951,693	$	7,082,754	$	4,971,361	$	11,233,760	$	6,246	$	98,170
EQ/AllianceBernstein Value Portfolio		20,091,406		12,453,324		5,322,525		27,127,347		2,892		1,130,799
EQ/BlackRock Basic Value Equity Portfolio		10,274,721		8,819,350		2,891,930		16,671,857		1,690		503,622
EQ/BlackRock International Value Portfolio		2,676,844		2,144,441		800,196		4,399,851		—		45,000
EQ/Davis New York Venture Portfolio		—		2,100,632		444,525		1,668,814		—		(3,503	)
EQ/Evergreen International Bond Portfolio		15,653,728		27,265,472		5,647,808		39,435,874		—		212,436
EQ/JPMorgan Core Bond Portfolio		—		32,938,025		9,438,022		23,668,173		842		39,136
EQ/Long Term Bond Portfolio		38,510,641		36,492,521		12,837,836		64,164,712		5,806		(376,723	)
EQ/Marsico Focus Portfolio		10,557,488		7,911,646		3,072,568		16,805,924		233		649,156
EQ/Money Market Portfolio		21,192		789		—		21,981		789		—
EQ/PIMCO Real Return Portfolio		—		20,271,676		1,711,296		19,016,319		—		2,591
EQ/Short Duration Bond Portfolio		130,476,014		94,720,708		51,262,066		178,867,463		—		747,463
MarketPLUS International Core Portfolio		2,675,404		2,160,249		787,360		4,567,431		1,358		72,286
Multimanager Aggressive Equity Portfolio		6,419,021		4,791,291		1,732,639		10,391,695		—		396,973
Multimanager Core Bond Portfolio		53,362,516		22,559,852		11,011,563		65,304,511		1,982,333		(219,642	)
Multimanager High Yield Portfolio		18,820,630		15,427,036		5,274,947		29,812,947		5,018		48,451
Multimanager International Equity Portfolio		9,075,504		7,240,204		2,623,533		15,111,895		604		351,918
Multimanager Large Cap Core Equity Portfolio		2,766,304		2,256,805		651,351		4,617,478		—		141,629
Multimanager Large Cap Value Portfolio		9,147,950		7,466,966		2,404,127		14,785,242		—		486,627
Multimanager Mid Cap Value Portfolio		4,779,004		3,630,261		1,851,362		6,876,058		—		96,824
	$	344,260,060	$	317,734,002	$	124,737,015	$	554,549,332	$	2,007,811	$	4,423,213

2

AXA PREMIER VIP TRUST

AXA CONSERVATIVE ALLOCATION PORTFOLIO

PORTFOLIO OF INVESTMENTS (Concluded)

September 30, 2007 (Unaudited)

Investment security transactions for the nine months ended September 30, 2007 were as follows:

Cost of Purchases:
Investment Companies	$	317,734,002
Net Proceeds of Sales and Redemptions:
Investment Companies	$	128,428,874
As of September 30, 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	$	19,886,231
Aggregate gross unrealized depreciation		(696,603	)
Net unrealized appreciation	$	19,189,628
Federal income tax cost of investments	$	535,359,704

See Notes to Portfolio of Investments.

3

AXA PREMIER VIP TRUST

AXA CONSERVATIVE-PLUS ALLOCATION PORTFOLIO

PORTFOLIO OF INVESTMENTS

September 30, 2007 (Unaudited)

	Number of Shares		Value (Note 1)
INVESTMENT COMPANIES:
EQ/AllianceBernstein Quality Bond Portfolio‡		2,667,741	$	27,384,387
EQ/AllianceBernstein Value Portfolio‡		5,136,623		86,647,254
EQ/BlackRock Basic Value Equity Portfolio‡		3,183,354		57,973,454
EQ/BlackRock International Value Portfolio‡		1,026,870		19,058,692
EQ/Davis New York Venture Portfolio‡		1,068,774		12,268,710
EQ/Evergreen International Bond Portfolio‡		6,010,182		64,840,161
EQ/Franklin Small Cap Value Portfolio‡		1,474,047		16,239,661
EQ/GAMCO Small Company Value Portfolio‡		206,009		6,991,865
EQ/JPMorgan Core Bond Portfolio‡		2,495,890		27,935,944
EQ/Long Term Bond Portfolio‡		6,226,882		85,087,445
EQ/Marsico Focus Portfolio‡		3,096,617		59,562,968
EQ/Money Market Portfolio‡		21,981		21,981
EQ/PIMCO Real Return Portfolio*‡		3,449,537		35,538,303
EQ/Short Duration Bond Portfolio‡		23,037,772		238,652,027
MarketPLUS International Core Portfolio‡		1,242,432		19,948,689
Multimanager Aggressive Equity Portfolio‡		613,832		20,325,459
Multimanager Core Bond Portfolio‡		9,809,791		100,264,530
Multimanager High Yield Portfolio‡		7,791,824		45,370,665
Multimanager International Equity Portfolio‡		3,946,333		69,574,803
Multimanager Large Cap Core Equity Portfolio‡		1,245,186		16,194,863
Multimanager Large Cap Value Portfolio‡		3,072,529		42,527,194
Multimanager Mid Cap Growth Portfolio‡		305,029		3,132,022
Multimanager Mid Cap Value Portfolio‡		1,386,434		14,806,038
Multimanager Small Cap Value Portfolio‡		780,854		10,247,354
Total Investment Companies (99.9%) (Cost $1,018,558,502)				1,080,594,469
	Principal Amount
SHORT TERM INVESTMENT:
Time Deposit (0.1%)
JPMorgan Chase Nassau 4.43%, 10/1/07 (Amortized Cost $1,020,663)	$	1,020,663	$	1,020,663
Total Investments (100.0%) (Cost/Amortized Cost $1,019,579,165 )				1,081,615,132
Other Assets Less Liabilities (-0.0%)				(42,246	)
Net Assets (100%)			$	1,081,572,886

* Non-income producing.

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

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

4

AXA PREMIER VIP TRUST

AXA CONSERVATIVE-PLUS ALLOCATION PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2007 (Unaudited)

Investments in companies which were affiliates for the nine months ended September 30, 2007, were as follows:

Securities	Market Value December 31, 2006		Purchases at Cost		Sales at Cost		Market Value September 30, 2007		Dividend Income		Realized Gain/(Loss)
EQ/AllianceBernstein Quality Bond Portfolio	$	22,801,702	$	8,233,958	$	4,437,581	$	27,384,387	$	14,534	$	(89,691)
EQ/AllianceBernstein Value Portfolio		79,443,996		24,100,374		16,901,668		86,647,254		9,562		3,948,970
EQ/BlackRock Basic Value Equity Portfolio		44,313,642		14,937,602		4,053,409		57,973,454		6,211		763,001
EQ/BlackRock International Value Portfolio		14,059,918		4,823,826		1,589,375		19,058,692		—		84,266
EQ/Davis New York Venture Portfolio		—		12,711,522		480,985		12,268,710		—		(9,303)
EQ/Evergreen International Bond Portfolio		30,160,303		33,957,036		3,169,684		64,840,161		—		149,581
EQ/Franklin Small Cap Value Portfolio		53,203		18,027,468		754,765		16,239,661		—		30,599
EQ/GAMCO Small Company Value Portfolio		—		7,123,344		215,381		6,991,865		—		5,660
EQ/JPMorgan Core Bond Portfolio		—		32,712,034		5,059,450		27,935,944		1,049		72,424
EQ/Long Term Bond Portfolio		61,129,833		27,541,189		6,373,913		85,087,445		8,206		(276,091)
EQ/Marsico Focus Portfolio		50,743,765		13,952,090		10,495,732		59,562,968		872		1,873,045
EQ/Money Market Portfolio		21,192		789		—		21,981		789		—
EQ/PIMCO Real Return Portfolio		—		35,402,079		975,069		35,538,303		—		3,991
EQ/Short Duration Bond Portfolio		213,265,762		60,834,384		43,370,172		238,652,027		—		539,743
EQ/Small Company Index Portfolio		13,736,732		645,123		14,118,135		—		—		1,060,529
MarketPLUS International Core Portfolio		14,036,731		5,075,086		1,614,946		19,948,689		6,267		162,213
Multimanager Aggressive Equity Portfolio		17,765,587		5,649,941		4,532,984		20,325,459		—		1,348,428
Multimanager Core Bond Portfolio		96,813,095		20,659,846		17,771,099		100,264,530		3,400,659		(513,702)
Multimanager High Yield Portfolio		35,000,351		11,641,317		2,778,036		45,370,665		8,050		(9,503)
Multimanager International Equity Portfolio		50,300,154		17,013,236		5,014,336		69,574,803		2,936		900,655
Multimanager Large Cap Core Equity Portfolio		11,828,243		4,188,088		890,202		16,194,863		—		341,235
Multimanager Large Cap Value Portfolio		32,214,874		10,328,633		2,516,034		42,527,194		—		682,753
Multimanager Mid Cap Growth Portfolio		1,978,990		1,102,847		293,713		3,132,022		—		21,753
Multimanager Mid Cap Value Portfolio		10,629,093		4,457,399		1,044,278		14,806,038		—		143,099
Multimanager Small Cap Value Portfolio		13,910,464		3,745,718		7,099,162		10,247,354		—		40,070
	$	814,207,630	$	378,864,929	$	155,550,109	$	1,080,594,469	$	3,459,135	$	11,273,725

5

AXA PREMIER VIP TRUST

AXA CONSERVATIVE-PLUS ALLOCATION PORTFOLIO

PORTFOLIO OF INVESTMENTS (Concluded)

September 30, 2007 (Unaudited)

Investment security transactions for the nine months ended September 30, 2007 were as follows:

Cost of Purchases:
Investment Companies	$	378,864,929
Net Proceeds of Sales and Redemptions:
Investment Companies	$	163,856,662
As of September 30, 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	$	62,417,385
Aggregate gross unrealized depreciation		(1,963,401	)
Net unrealized appreciation	$	60,453,984
Federal income tax cost of investments	$	1,021,161,148

See Notes to Portfolio of Investments.

6

AXA PREMIER VIP TRUST

AXA MODERATE ALLOCATION PORTFOLIO

PORTFOLIO OF INVESTMENTS

September 30, 2007 (Unaudited)

	Number of Shares		Value (Note 1)
INVESTMENT COMPANIES:
EQ/AllianceBernstein Quality Bond Portfolio‡		102,720,023	$	1,054,421,852
EQ/AllianceBernstein Value Portfolio‡		29,837,030		503,306,677
EQ/BlackRock Basic Value Equity Portfolio‡		49,457,572		900,693,426
EQ/BlackRock International Value Portfolio‡		11,707,244		217,286,262
EQ/Davis New York Venture Portfolio‡		4,738,746		54,397,167
EQ/Evergreen International Bond Portfolio‡		39,175,853		422,644,224
EQ/Franklin Small Cap Value Portfolio‡		4,692,977		51,702,782
EQ/GAMCO Small Company Value Portfolio‡		729,377		24,754,818
EQ/JPMorgan Core Bond Portfolio‡		12,998,541		145,489,791
EQ/Long Term Bond Portfolio‡		24,194,089		330,600,960
EQ/Marsico Focus Portfolio‡.		28,431,649		546,878,573
EQ/Money Market Portfolio‡		21,981		21,981
EQ/PIMCO Real Return Portfolio*‡		13,436,226		138,424,562
EQ/Short Duration Bond Portfolio‡		79,570,734		824,286,158
EQ/Small Company Index Portfolio‡		853,961		11,370,972
EQ/Van Kampen Emerging Markets Equity Portfolio‡		11,900,536		253,541,662
MarketPLUS International Core Portfolio‡		14,192,591		227,878,532
Multimanager Aggressive Equity Portfolio‡		10,665,498		353,160,548
Multimanager Core Bond Portfolio‡		94,080,728		961,586,253
Multimanager High Yield Portfolio‡		73,528,090		428,143,439
Multimanager International Equity Portfolio‡		35,798,657		631,138,974
Multimanager Large Cap Core Equity Portfolio‡		16,177,525		210,404,485
Multimanager Large Cap Value Portfolio‡		24,371,459		337,327,957
Multimanager Mid Cap Growth Portfolio‡		12,501,541		128,365,329
Multimanager Mid Cap Value Portfolio‡		20,988,143		224,137,023
Multimanager Small Cap Value Portfolio‡		18,046,907		236,834,221
Total Investment Companies (99.9%) (Cost $8,307,442,073)				9,218,798,628
	Principal Amount
SHORT-TERM INVESTMENT:
Time Deposit (0.1%)
JPMorgan Chase Nassau 4.43%, 10/1/07 (Amortized Cost $6,511,003)	$	6,511,003	$	6,511,003
Total Investments (100.0%) (Cost/Amortized Cost $8,313,953,076 )				9,225,309,631
Other Assets Less Liabilities (0.0%)				4,049,375
Net Assets (100%)			$	9,229,359,006

* Non-income producing.

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

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

7

AXA PREMIER VIP TRUST

AXA MODERATE ALLOCATION PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2007 (Unaudited)

Investments in companies which were affiliates for the nine months ended September 30, 2007, were as follows:

Securities	Market Value December 31, 2006		Purchases at Cost		Sales at Cost		Market Value September 30, 2007		Dividend Income		Realized Gain/ (Loss)
EQ/AllianceBernstein Large Cap Growth Portfolio	$	74,637,582	$	—	$	56,545,187	$	—	$	—	$	19,525,667
EQ/AllianceBernstein Quality Bond Portfolio		1,050,743,242		27,212,965		51,207,473		1,054,421,852		557,606		(121,644	)
EQ/AllianceBernstein Value Portfolio		455,730,614		43,357,707		8,110,933		503,306,677		58,143		7,413,952
EQ/BlackRock Basic Value Equity Portfolio		811,733,864		63,009,506		22,237,725		900,693,426		102,135		10,551,652
EQ/BlackRock International Value Portfolio		182,206,994		15,751,373		2,041,375		217,286,262		—		595,254
EQ/Davis New York Venture Portfolio		—		54,991,866		577,420		54,397,167		—		(14,018	)
EQ/Evergreen International Bond Portfolio		226,029,580		170,912,240		1,189,273		422,644,224		—		283,443
EQ/Franklin Small Cap Value Portfolio		103,123		55,401,605		543,956		51,702,782		—		26,001
EQ/GAMCO Small Company Value Portfolio		—		24,542,082		49,368		24,754,818		—		422
EQ/JPMorgan Core Bond Portfolio		—		147,102,593		3,286,017		145,489,791		6,129		46,501
EQ/Long Term Bond Portfolio		239,591,218		83,628,634		1,971,393		330,600,960		33,343		(84,905	)
EQ/Marsico Focus Portfolio		463,298,726		35,238,621		11,936,360		546,878,573		8,407		5,348,199
EQ/Money Market Portfolio		21,192		789		—		21,981		789		—
EQ/PIMCO Real Return Portfolio		—		134,699,173		803,343		138,424,562		—		2,570
EQ/Short Duration Bond Portfolio		816,481,232		100,523,388		121,863,997		824,286,158		—		1,623,781
EQ/Small Company Index Portfolio		62,621,034		9,002,525		59,218,474		11,370,972		—		3,687,391
EQ/Van Kampen Emerging Markets Equity Portfolio		223,855,451		18,983,404		45,209,221		253,541,662		—		8,055,524
MarketPLUS International Core Portfolio		182,967,416		17,219,352		2,028,921		227,878,532		75,041		1,419,882
Multimanager Aggressive Equity Portfolio		300,374,133		23,070,440		10,523,527		353,160,548		—		6,067,407
Multimanager Core Bond Portfolio		917,014,241		101,398,537		59,520,740		961,586,253		31,727,566		(1,674,486	)
Multimanager High Yield Portfolio		386,680,704		27,674,842		1,208,288		428,143,439		79,828		86,131
Multimanager International Equity Portfolio		517,933,957		48,332,074		5,752,836		631,138,974		27,996		6,140,544
Multimanager Large Cap Core Equity Portfolio		177,296,749		17,577,518		590,848		210,404,485		—		2,980,048
Multimanager Large Cap Value Portfolio		292,553,572		26,485,367		4,590,578		337,327,957		—		3,897,837
Multimanager Mid Cap Growth Portfolio		154,239,777		1,855,010		36,528,801		128,365,329		—		10,146,364
Multimanager Mid Cap Value Portfolio		223,357,862		7,139,892		21,232,421		224,137,023		—		1,512,222
Multimanager Small Cap Value Portfolio		212,983,113		35,340,310		914,267		236,834,221		—		5,999,849
	$	7,972,455,376	$	1,290,451,813	$	529,682,742	$	9,218,798,628	$	32,676,983	$	93,515,588

8

AXA PREMIER VIP TRUST

AXA MODERATE ALLOCATION PORTFOLIO

PORTFOLIO OF INVESTMENTS (Concluded)

September 30, 2007 (Unaudited)

Investment security transactions for the nine months ended September 30, 2007 were as follows:

Cost of Purchases:
Investment Companies	$	1,290,451,813
Net Proceeds of Sales and Redemptions:
Investment Companies	$	586,824,486
As of September 30, 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	$	922,633,870
Aggregate gross unrealized depreciation		(13,341,702	)
Net unrealized appreciation	$	909,292,168
Federal income tax cost of investments	$	8,316,017,463

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 Portfolio of Investments.

9

AXA PREMIER VIP TRUST

AXA MODERATE-PLUS ALLOCATION PORTFOLIO

PORTFOLIO OF INVESTMENTS

September 30, 2007 (Unaudited)

	Number of Shares		Value (Note 1)
INVESTMENT COMPANIES:
EQ/AllianceBernstein Quality Bond Portfolio‡		28,356,781	$	291,082,586
EQ/AllianceBernstein Value Portfolio‡		50,046,223		844,205,951
EQ/BlackRock Basic Value Equity Portfolio‡		60,305,973		1,098,258,392
EQ/BlackRock International Value Portfolio‡		29,080,838		539,739,896
EQ/Davis New York Venture Portfolio‡		7,855,614		90,176,431
EQ/Franklin Small Cap Value Portfolio‡		7,074,003		77,934,671
EQ/GAMCO Small Company Value Portfolio‡		1,147,664		38,951,324
EQ/JPMorgan Core Bond Portfolio‡		17,485,839		195,715,133
EQ/Long Term Bond Portfolio‡		30,832,934		421,317,681
EQ/Marsico Focus Portfolio‡		40,052,208		770,398,320
EQ/PIMCO Real Return Portfolio*‡		11,949,218		123,104,900
EQ/Short Duration Bond Portfolio‡		72,265,692		748,612,040
EQ/Small Company Index Portfolio‡		12,393,410		165,025,253
EQ/Van Kampen Emerging Markets Equity Portfolio‡		19,620,187		418,009,290
MarketPLUS International Core Portfolio‡		19,273,398		309,456,798
Multimanager Aggressive Equity Portfolio‡		15,501,708		513,299,208
Multimanager Core Bond Portfolio‡		78,331,539		800,615,955
Multimanager International Equity Portfolio‡		54,962,413		969,000,617
Multimanager Large Cap Core Equity Portfolio‡		30,946,647		402,491,323
Multimanager Large Cap Value Portfolio‡		38,554,390		533,635,402
Multimanager Mid Cap Growth Portfolio‡		5,499,536		56,469,019
Multimanager Mid Cap Value Portfolio‡		21,777,230		232,563,860
Multimanager Small Cap Value Portfolio‡		27,602,376		362,233,122
Total Investment Companies (99.8%) (Cost $9,043,776,234)				10,002,297,172
	Principal Amount
SHORT-TERM INVESTMENT:
Time Deposit (0.1%)
JPMorgan Chase Nassau 4.43%, 10/1/07 (Amortized Cost $12,127,178 )	$	12,127,178	$	12,127,178
Total Investments (99.9%) (Cost/Amortized Cost $9,055,893,412 )				10,014,424,350
Other Assets Less Liabilities (0.1%)				11,554,863
Net Assets (100%)			$	10,025,979,213

* Non-income producing.

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

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

10

AXA PREMIER VIP TRUST

AXA MODERATE-PLUS ALLOCATION PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2007 (Unaudited)

Investments in companies which were affiliates for the nine months ended September 30, 2007, were as follows:

Securities	Market Value December 31, 2006		Purchases at Cost		Sales at Cost		Market Value September 30, 2007		Dividend Income		Realized Gain/(Loss)
EQ/AllianceBernstein Large Cap Growth Portfolio	$	20,144,444	$	—	$	16,179,191	$	—	$	—	$	4,577,790
EQ/AllianceBernstein Quality Bond Portfolio		235,596,909		60,540,336		12,239,499		291,082,586		150,023		(91,170	)
EQ/AllianceBernstein Value Portfolio		612,012,618		227,363,289		12,514,593		844,205,951		92,672		11,642,484
EQ/BlackRock Basic Value Equity Portfolio		758,250,361		285,674,297		4,100,186		1,098,258,392		118,441		3,665,307
EQ/BlackRock International Value Portfolio		312,007,787		194,269,268		8,593,322		539,739,896		—		3,526,271
EQ/Davis New York Venture Portfolio		—		89,707,940		13,016		90,176,431		—		(666	)
EQ/Franklin Small Cap Value Portfolio		325,480		81,366,011		49,862		77,934,671		—		4,221
EQ/GAMCO Small Company Value Portfolio		—		38,365,654		—		38,951,324		—		—
EQ/JPMorgan Core Bond Portfolio		—		193,909,383		20,465		195,715,133		7,419		117
EQ/Long Term Bond Portfolio		267,290,086		142,096,031		198,395		421,317,681		40,412		(14,752	)
EQ/Marsico Focus Portfolio		600,809,019		198,512,393		93,371,019		770,398,320		11,396		25,757,309
EQ/PIMCO Real Return Portfolio		—		119,077,002		5,106		123,104,900		—		40
EQ/Short Duration Bond Portfolio		561,238,591		185,963,837		23,148,358		748,612,040		—		239,833
EQ/Small Company Index Portfolio		183,680,450		32,284,155		53,719,924		165,025,253		—		2,566,967
EQ/Van Kampen Emerging Markets Equity Portfolio		273,852,666		80,992,393		19,105,124		418,009,290		—		20,225,697
MarketPLUS International Core Portfolio		196,080,028		76,181,348		78,362		309,456,798		97,103		1,599,877
Multimanager Aggressive Equity Portfolio		378,734,859		134,082,601		48,969,072		513,299,208		—		15,911,986
Multimanager Core Bond Portfolio		666,239,477		151,056,442		19,402,492		800,615,955		24,541,219		(990,308	)
Multimanager International Equity Portfolio		567,369,872		317,067,417		7,358,295		969,000,617		41,083		11,837,598
Multimanager Large Cap Core Equity Portfolio		278,905,160		111,112,159		13,893,443		402,491,323		—		7,845,522
Multimanager Large Cap Value Portfolio		417,136,578		172,961,703		79,233,543		533,635,402		—		20,181,241
Multimanager Mid Cap Growth Portfolio		40,332,155		9,920,330		21,467		56,469,019		—		693,202
Multimanager Mid Cap Value Portfolio		95,158,914		133,874,638		72,892		232,563,860		—		2,455,262
Multimanager Small Cap Value Portfolio		230,822,766		149,703,219		172,899		362,233,122		—		8,584,154
	$	6,695,988,220	$	3,186,081,846	$	412,460,525	$	10,002,297,172	$	25,099,768	$	140,217,982

11

AXA PREMIER VIP TRUST

AXA MODERATE-PLUS ALLOCATION PORTFOLIO

PORTFOLIO OF INVESTMENTS (Concluded)

September 30, 2007 (Unaudited)

Investment security transactions for the nine months ended September 30, 2007 were as follows:

Cost of Purchases:
Investment Companies	$	3,186,081,846
Net Proceeds of Sales and Redemptions:
Investment Companies	$	500,053,765
As of September 30, 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	$	987,394,791
Aggregate gross unrealized depreciation		(29,099,557	)
Net unrealized appreciation	$	958,295,234
Federal income tax cost of investments	$	9,056,129,116

See Notes to Portfolio of Investments.

12

AXA PREMIER VIP TRUST

AXA AGGRESSIVE ALLOCATION PORTFOLIO

PORTFOLIO OF INVESTMENTS

September 30, 2007 (Unaudited)

	Number of Shares	Value (Note 1)
INVESTMENT COMPANIES:
EQ/AllianceBernstein Quality Bond Portfolio‡	3,248,263	$	33,343,446
EQ/AllianceBernstein Value Portfolio‡	19,183,123		323,590,985
EQ/BlackRock Basic Value Equity Portfolio‡	19,257,228		350,701,789
EQ/BlackRock International Value Portfolio‡	14,567,370		270,370,168
EQ/Davis New York Venture Portfolio‡	4,315,246		49,535,712
EQ/Franklin Small Cap Value Portfolio‡	4,274,878		47,096,558
EQ/GAMCO Small Company Value Portfolio‡	963,791		32,710,740
EQ/JPMorgan Core Bond Portfolio‡	2,584,734		28,930,359
EQ/Marsico Focus Portfolio‡	15,307,355		294,434,721
EQ/PIMCO Real Return Portfolio*‡	2,971,719		30,615,654
EQ/Small Company Index Portfolio‡	3,465,324		46,142,744
EQ/Van Kampen Emerging Markets Equity Portfolio‡	6,704,943		142,849,234
MarketPLUS International Core Portfolio‡	3,885,890		62,392,484
Multimanager Aggressive Equity Portfolio‡	5,347,253		177,060,531
Multimanager Core Bond Portfolio‡	6,570,063		67,151,714
Multimanager International Equity Portfolio‡	18,583,698		327,635,080
Multimanager Large Cap Core Equity Portfolio‡	10,192,352		132,561,480
Multimanager Large Cap Value Portfolio‡	15,911,420		220,231,659
Multimanager Mid Cap Growth Portfolio‡	1,301,493		13,363,674
Multimanager Mid Cap Value Portfolio‡	3,955,930		42,246,247
Multimanager Small Cap Value Portfolio‡	10,373,581		136,135,183
Total Investment Companies (99.6%) (Cost $2,536,288,137)			2,829,100,162

	Principal Amount
SHORT-TERM INVESTMENT:
Time Deposit (0.2%)
JPMorgan Chase Nassau 4.43%, 10/1/07 (Amortized Cost $7,093,169)	$	7,093,169	$	7,093,169
Total Investments (99.8%) (Cost/Amortized Cost $2,543,381,306)				2,836,193,331
Other Assets Less Liabilities (0.2%)				4,620,299
Net Assets (100%)			$	2,840,813,630

* Non-income producing.

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

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

13

AXA PREMIER VIP TRUST

AXA AGGRESSIVE ALLOCATION PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2007 (Unaudited)

Investments in companies which were affiliates for the nine months ended September 30, 2007, were as follows:

Securities	Market Value December 31, 2006		Purchases at Cost		Sales at Cost		Market Value September 30, 2007		Dividend Income		Realized Gain/(Loss)
EQ/AllianceBernstein Large Cap Growth Portfolio	$	7,972,453	$	—	$	6,413,722	$	—	$	—	$	1,770,321
EQ/AllianceBernstein Quality Bond Portfolio.		24,420,960		8,193,760		42,666		33,343,446		16,163		(1,785	)
EQ/AllianceBernstein Value Portfolio		198,877,346		118,931,819		571,036		323,590,985		34,240		3,498,548
EQ/BlackRock Basic Value Equity Portfolio		210,665,931		123,429,107		613,353		350,701,789		36,418		926,425
EQ/BlackRock International Value Portfolio		136,589,869		112,724,246		349,501		270,370,168		—		560,013
EQ/Davis New York Venture Portfolio		—		49,514,298		—		49,535,712		—		2,223
EQ/Franklin Small Cap Value Portfolio		103,100		49,514,439		53,949		47,096,558		—		—
EQ/GAMCO Small Company Value Portfolio		—		32,244,950		—		32,710,740		—		—
EQ/JPMorgan Core Bond Portfolio		—		28,936,713		268,368		28,930,359		1,118		4,169
EQ/Marsico Focus Portfolio		203,806,964		100,429,459		33,878,412		294,434,721		4,145		9,164,311
EQ/PIMCO Real Return Portfolio		—		29,583,966		—		30,615,654		—		—
EQ/Small Company Index Portfolio		70,792,182		21,053,985		44,827,106		46,142,744		—		3,117,125
EQ/Van Kampen Emerging Markets Equity Portfolio		75,610,222		36,890,967		130,950		142,849,234		—		2,797,000
MarketPLUS International Core Portfolio		32,926,695		22,595,846		74,220		62,392,484		18,765		336,071
Multimanager Aggressive Equity Portfolio		122,559,548		59,408,979		21,094,275		177,060,531		—		5,730,902
Multimanager Core Bond Portfolio		72,328,612		13,965,512		19,767,719		67,151,714		2,387,055		(726,838	)
Multimanager International Equity Portfolio		163,240,163		134,103,296		377,642		327,635,080		13,326		2,712,464
Multimanager Large Cap Core Equity Portfolio. .		81,800,121		47,297,548		4,609,238		132,561,480		—		2,594,312
Multimanager Large Cap Value Portfolio		129,731,044		78,358,999		381,747		220,231,659		—		1,722,190
Multimanager Mid Cap Growth Portfolio		7,757,669		4,302,844		29,765		13,363,674		—		153,402
Multimanager Mid Cap Value Portfolio		20,475,485		20,551,134		84,177		42,246,247		—		427,526
Multimanager Small Cap Value Portfolio		85,355,835		57,635,953		350,409		136,135,183		—		3,128,850
	$	1,645,014,199	$	1,149,667,820	$	133,918,255	$	2,829,100,162	$	2,511,230	$	37,917,229

14

AXA PREMIER VIP TRUST

AXA AGGRESSIVE ALLOCATION PORTFOLIO

PORTFOLIO OF INVESTMENTS (Concluded)

September 30, 2007 (Unaudited)

Investment security transactions for the nine months ended September 30, 2007 were as follows:

Cost of Purchases:
Investment Companies	$	1,149,667,820
Net Proceeds of Sales and Redemptions:
Investment Companies	$	154,134,774
As of September 30, 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	$	302,477,120
Aggregate gross unrealized depreciation		(9,911,318	)
Net unrealized appreciation	$	292,565,802
Federal income tax cost of investments	$	2,543,627,529

See Notes to Portfolio of Investments.

15

AXA PREMIER VIP TRUST

MULTIMANAGER AGGRESSIVE EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS

September 30, 2007 (Unaudited)

	Number of Shares	Value (Note 1)
COMMON STOCKS:
Consumer Discretionary (15.6%)
Automobiles (0.7%)
Toyota Motor Corp. (ADR)^	169,435	$	19,800,174
Diversified Consumer Services (0.8%)
Apollo Global Management LLC, Class A*	300,000		7,500,000
Apollo Group, Inc., Class A*	211,237		12,705,906
			20,205,906
Hotels, Restaurants & Leisure (5.2%)
Ctrip.com International Ltd. (ADR)	84,700		4,387,460
Las Vegas Sands Corp.*^	247,787		33,059,742
McDonald’s Corp.	638,954		34,803,824
MGM MIRAGE*^	190,137		17,005,853
Starwood Hotels & Resorts Worldwide, Inc.	120,300		7,308,225
Wynn Resorts Ltd.^	337,820		53,226,919
			149,792,023
Internet & Catalog Retail (2.7%)
Amazon.com, Inc.*^	486,800		45,345,420
Audible, Inc.*^	866,520		11,264,760
Expedia, Inc.*^	474,900		15,139,812
Liberty Media Corp., Interactive, Class A*	240,000		4,610,400
			76,360,392
Media (5.4%)
Cablevision Systems Corp. - New York Group, Class A*	583,700		20,394,478
CBS Corp., Class B	59,600		1,877,400
Citadel Broadcasting Corp.^	28,445		118,331
Comcast Corp., Class A*	985,873		23,838,409
Comcast Corp., Special Class A*	1,021,674		24,479,309
Liberty Global, Inc., Class A*^	38,500		1,579,270
Liberty Media Corp., Capital Series, Class A*	57,000		7,115,310
Sirius Satellite Radio, Inc.*^	1,441,400		5,030,486
Time Warner, Inc.	1,272,300		23,359,428
Viacom, Inc., Class B*	58,500		2,279,745
Walt Disney Co.	370,400		12,738,056
XM Satellite Radio Holdings, Inc., Class A*^	2,334,100		33,074,197
			155,884,419
Specialty Retail (0.6%)
Lowe’s Cos., Inc.	619,648		17,362,537
Textiles, Apparel & Luxury Goods (0.2%)
Under Armour, Inc., Class A*^	115,250		6,894,255
Total Consumer Discretionary			446,299,706
Consumer Staples (1.0%)
Food & Staples Retailing (0.8%)
Costco Wholesale Corp.	13,402		822,481
CVS Caremark Corp.	541,547		21,461,507
			22,283,988
Personal Products (0.2%)
Bare Escentuals, Inc.*^	222,600		5,536,062
Total Consumer Staples			27,820,050
Energy (9.4%)
Energy Equipment & Services (5.5%)
FMC Technologies, Inc.*	122,600		7,069,116
Grant Prideco, Inc.*	480,600		26,202,312
Schlumberger Ltd.	430,239		45,175,095
Transocean, Inc.*	184,965		20,910,293
Weatherford International Ltd.*	880,100		59,125,118
			158,481,934
Oil, Gas & Consumable Fuels (3.9%)
Anadarko Petroleum Corp.	1,267,300		68,117,375
Chesapeake Energy Corp.^	154,700		5,454,722
Denbury Resources, Inc.*	187,400		8,374,906
El Paso Corp.	430,600		7,307,282
Petroleo Brasileiro S.A. (ADR)^	199,524		15,064,062
USEC, Inc.*^	725,000		7,431,250
			111,749,597
Total Energy			270,231,531
Financials (11.0%)
Capital Markets (4.6%)
E*TRADE Financial Corp.*	1,162,900		15,187,474
Goldman Sachs Group, Inc.	273,445		59,266,469
Lehman Brothers Holdings, Inc.	440,000		27,161,200
Merrill Lynch & Co., Inc.	267,100		19,038,888
TD Ameritrade Holding Corp.*	582,872		10,619,928
			131,273,959
Commercial Banks (1.4%)
Industrial & Commercial Bank of China Ltd., Class H	40,922,000		28,689,118
Wells Fargo & Co.	351,660		12,526,129
			41,215,247
Diversified Financial Services (3.1%)
CIT Group, Inc.	60,000		2,412,000
Citigroup, Inc.	718,100		33,513,727
CME Group, Inc.	33,850		19,881,798
Interactive Brokers Group, Inc.*	304,800		8,004,048
MarketAxess Holdings, Inc.*^	400,420		6,006,300
NASDAQ Stock Market, Inc.*^	474,737		17,888,090
			87,705,963
Insurance (1.2%)
American International Group, Inc.	530,800		35,908,620
Real Estate Investment Trusts (REITs) (0.4%)
ProLogis (REIT)	180,903		12,002,914
Real Estate Management & Development (0.3%)
Move, Inc.*	2,639,140		7,284,026
Total Financials			315,390,729
Health Care (15.3%)
Biotechnology (8.5%)
Alnylam Pharmaceuticals, Inc.*^	406,240		13,312,485
Amgen, Inc.*	506,800		28,669,676
Applera Corp.- Celera Group*	969,921		13,637,089
Biogen Idec, Inc.*	671,200		44,520,696
Celgene Corp.*	110,000		7,844,100
Cepheid, Inc.*^	1,358,421		30,971,999
Combinatorx, Inc.*^	597,215		3,690,789
Genentech, Inc.*	415,114		32,387,194
Genzyme Corp.*	530,000		32,838,800
ImClone Systems, Inc.*^	252,100		10,421,814
Memory Pharmaceuticals Corp.*^	1,289,200		2,294,776
Millennium Pharmaceuticals, Inc.*	351,300		3,565,695
Myriad Genetics, Inc.*^	149,050		7,772,957
Sangamo BioSciences, Inc.*	116,000		1,636,760
Senomyx, Inc.*^	612,800		7,506,800
Vertex Pharmaceuticals, Inc.*^	119,000		4,570,790
			245,642,420
Health Care Equipment & Supplies (0.9%)
Covidien Ltd.*	266,950		11,078,425

16

AXA PREMIER VIP TRUST

MULTIMANAGER AGGRESSIVE EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2007 (Unaudited)

	Number of Shares	Value (Note 1)
Given Imaging Ltd.*^	542,805	$	14,937,994
			26,016,419
Health Care Providers & Services (3.3%)
UnitedHealth Group, Inc.	1,929,135		93,428,008
Life Sciences Tools & Services (1.0%)
Affymetrix, Inc.*^	487,180		12,359,757
Compugen Ltd.*	1,328,450		3,254,702
Illumina, Inc.*^	50,400		2,614,752
Qiagen N.V.*^	520,800		10,108,728
			28,337,939
Pharmaceuticals (1.6%)
Alexza Pharmaceuticals, Inc.*^	884,040		7,655,787
BioMimetic Therapeutics, Inc.*^	105,465		1,406,903
Forest Laboratories, Inc.*	530,600		19,786,074
Johnson & Johnson	139,700		9,178,290
King Pharmaceuticals, Inc.*	316,500		3,709,380
Teva Pharmaceutical Industries Ltd. (ADR)	40,100		1,783,247
Valeant Pharmaceuticals International*	250,600		3,879,288
			47,398,969
Total Health Care			440,823,755
Industrials (11.6%)
Aerospace & Defense (2.0%)
General Dynamics Corp.	167,791		14,173,306
L-3 Communications Holdings, Inc.	212,600		21,714,964
Lockheed Martin Corp.	201,454		21,855,744
			57,744,014
Air Freight & Logistics (0.7%)
FedEx Corp.	179,800		18,834,050
Airlines (0.3%)
Continental Airlines, Inc., Class B*	288,950		9,544,019
Construction & Engineering (4.0%)
Fluor Corp.	216,000		31,099,680
Foster Wheeler Ltd.*	191,800		25,179,504
Quanta Services, Inc.*^	1,135,900		30,044,555
Shaw Group, Inc.*^	480,189		27,898,981
			114,222,720
Electrical Equipment (1.4%)
Baldor Electric Co.	191,800		7,662,410
First Solar, Inc.*^	64,700		7,617,778
SunPower Corp., Class A*^	190,100		15,744,082
Thomas & Betts Corp.*	141,900		8,321,016
			39,345,286
Industrial Conglomerates (1.7%)
General Electric Co.	855,800		35,430,120
Tyco International Ltd.	266,950		11,836,563
			47,266,683
Machinery (1.0%)
Caterpillar, Inc.	215,700		16,917,351
Flowserve Corp.	76,300		5,812,534
Pall Corp.	176,700		6,873,630
			29,603,515
Road & Rail (0.5%)
Union Pacific Corp.	133,855		15,133,646
Total Industrials			331,693,933
Information Technology (30.8%)
Communications Equipment (8.1%)
Aruba Networks, Inc.*^	268,700		5,374,000
C-COR, Inc.*	186,400		2,141,736
Ciena Corp.*^	195,500		7,444,640
Cisco Systems, Inc.*	1,505,647		49,851,972
Corning, Inc.	369,100		9,098,315
Infinera Corp.*^	292,800		5,899,920
JDS Uniphase Corp.*^	1,737,587		25,994,302
Juniper Networks, Inc.*	548,913		20,095,705
Motorola, Inc.	597,600		11,073,528
Nokia Oyj (ADR)	1,560,200		59,178,386
Qualcomm, Inc.	867,800		36,673,228
			232,825,732
Computers & Peripherals (3.2%)
Apple, Inc.*	259,024		39,770,545
Hewlett-Packard Co.	284,790		14,179,694
Network Appliance, Inc.*	575,300		15,481,323
SanDisk Corp.*	296,600		16,342,660
Seagate Technology	268,700		6,873,346
			92,647,568
Electronic Equipment & Instruments (1.8%)
Itron, Inc.*^	112,830		10,501,088
Jabil Circuit, Inc.	1,049,000		23,959,160
Trimble Navigation Ltd.*	192,000		7,528,320
Tyco Electronics Ltd.	266,950		9,458,040
			51,446,608
Internet Software & Services (5.4%)
eBay, Inc.*^	1,050,300		40,982,706
Google, Inc., Class A*	94,124		53,393,721
Yahoo!, Inc.*	2,220,600		59,600,904
			153,977,331
Semiconductors & Semiconductor Equipment (7.0%)
Advanced Micro Devices, Inc.*	1,959,096		25,860,067
Broadcom Corp., Class A*	715,912		26,087,833
Cirrus Logic, Inc.*^	201,100		1,287,040
DSP Group, Inc.*^	78,700		1,245,821
Intel Corp	1,008,097		26,069,388
International Rectifier Corp.*	393,900		12,994,761
KLA-Tencor Corp.	279,748		15,604,344
Lam Research Corp.*	362,465		19,304,886
MEMC Electronic Materials, Inc.*	24,500		1,442,070
Micron Technology, Inc.*	1,017,900		11,298,690
Netlogic Microsystems, Inc.*^	502,337		18,139,389
RF Micro Devices, Inc.*^	226,700		1,525,691
Silicon Laboratories, Inc.*	318,733		13,310,290
Teradyne, Inc.*	188,200		2,597,160
Texas Instruments, Inc.	658,400		24,090,856
			200,858,286
Software (5.3%)
Activision, Inc.*	505,900		10,922,381
Autodesk, Inc.*	143,100		7,150,707
Cadence Design Systems, Inc.*^	315,400		6,998,726
Electronic Arts, Inc.*	493,900		27,653,461
NAVTEQ Corp.*	333,394		25,994,730
Nuance Communications, Inc.*^	518,250		10,007,407
Perfect World Co. Ltd. (ADR)*^	181,900		4,967,689
Red Hat, Inc.*^	1,126,780		22,389,119
Salesforce.com, Inc.*	400,165		20,536,468
Shanda Interactive Entertainment Ltd. (ADR)*^	395,846		14,729,430
THQ, Inc.*	99,000		2,473,020
			153,823,138
Total Information Technology			885,578,663
Materials (1.6%)
Chemicals (1.1%)
Air Products & Chemicals, Inc.	55,609		5,436,336
Monsanto Co.	305,278		26,174,536
			31,610,872

17

AXA PREMIER VIP TRUST

MULTIMANAGER AGGRESSIVE EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2007 (Unaudited)

	Number of Shares		Value (Note 1)
Metals & Mining (0.5%)
Freeport-McMoRan Copper & Gold, Inc.^		148,080	$	15,532,111
Total Materials				47,142,983
Telecommunication Services (1.3%)
Diversified Telecommunication Services (1.3%)
AT&T, Inc		652,230		27,595,851
Level 3 Communications, Inc.*^		1,604,776		7,462,209
NeuStar, Inc., Class A*^		29,300		1,004,697
Total Telecommunication Services				36,062,757
Utilities (0.6%)
Electric Utilities (0.2%)
ITC Holdings Corp.^		153,600		7,610,880
Independent Power Producers & Energy Traders (0.4%)
AES Corp.*		524,970		10,520,399
Total Utilities				18,131,279
Total Common Stocks (98.2%) (Cost $ 2,408,142,373)				2,819,175,386
	Number of Warrants
WARRANT:
Health Care (0.0%)
Biotechnology (0.0%)
Curis, Inc., $4.45, expiring 10/14/09*†(b) (Cost $—)		48,100		—
	Principal Amount
SHORT-TERM INVESTMENTS:
Government Securities (1.2%)
Federal Home Loan Bank
4.00%, 10/1/07 (o)(p)	$	26,100,000		26,097,100
U.S. Treasury Bills
3.77%, 1/10/08 (p)		3,567,000		3,529,301
3.81%, 1/31/08 (p)		1,465,000		1,446,198
3.88%, 2/7/08 (p)		1,392,000		1,372,786
(When Issued)
3.78%, 1/3/08 (p)		2,095,000		2,074,285
Total Government Securities				34,519,670
Short-Term Investments of Cash Collateral for Securities Loaned (17.6%)
Banco Bilbao Vizcaya Argentaria S.A.
5.28%, 10/1/07		8,340,025		8,340,025
Banco de Sabadell S.A.
5.40%, 4/23/09 (l)		5,439,147		5,439,147
Banesto S.A./Madrid
5.33%, 12/27/07		13,597,866		13,597,866
Barclays plc/Seoul
5.22%, 10/29/07		9,065,244		9,065,244
BBVA Senior Finance S.A.
5.75%, 3/12/10 (l)		3,988,707		3,988,707
Beta Finance, Inc.
4.87%, 1/31/08 (l)		725,220		725,220
4.87%, 3/10/08 (l)		1,812,876		1,812,876
BNP Paribas S.A.
5.20%, 10/1/07		19,454,014		19,454,014
CIT Group Holdings, Inc.
5.38%, 6/18/08 (l)		8,702,634		8,702,634
Citigroup Funding, Inc.
4.86%, 3/16/09 (l)		5,439,147		5,439,147
Citigroup Global Markets, Inc.
5.40%, 10/5/07 (l)		4,245,798		4,245,798
Comerica Bank
5.78%, 3/16/09 (l)		1,812,886		1,812,886
Commerzbank AG/Frankfurt
5.20%, 10/1/07		1,323,526		1,323,526
Crown Point Capital Co. LLC, Series C
5.38%, 10/18/07		2,506,819		2,506,819
DekaBank Deutsche Girozentrale
5.38%, 10/28/08 (l)		4,713,927		4,713,927
Den Danske Bank/London
5.50%, 10/1/07		22,663,111		22,663,111
Deutsche Bank AG/London
4.84%, 10/18/07 (l)		10,878,293		10,878,293
Deutsche Bank AG/New York
5.35%, 1/22/08 (l)		1,813,049		1,813,049
Dexia Bank
5.13%, 10/1/07		9,065,244		9,065,244
Fenway Funding LLC
5.37%, 10/2/07		10,195,926		10,195,926
Fifth Third Bancorp
5.14%, 8/22/08 (l)		543,910		543,910
First Tennessee Bank
5.77%, 8/15/08 (l)		16,316,330		16,316,330
General Electric Capital Corp.
4.90%, 3/12/10 (l)		725,220		725,220
Glitnir banki hf
5.62%, 8/15/08 (l)		9,065,244		9,065,244
Goldman Sachs Group, Inc.
5.73%, 12/3/07 (l)		1,994,354		1,994,354
5.37%, 8/18/08 (l)		3,626,098		3,626,098
4.91%, 3/27/09 (l)		5,076,537		5,076,537
Hartford Life, Inc.
5.80%, 9/26/08 (l)		1,450,439		1,450,439
ING Bank N.V./United States
5.85%, 12/28/07 (l)		13,597,866		13,597,866
IXIS Corporate & Investment Bank
5.28%, 10/1/07		18,130,488		18,130,488
K2 (USA) LLC
4.87%, 5/29/09 (l)		7,248,710		7,248,710
4.87%, 6/18/09 (l)		9,060,492		9,060,492
Kommunalkredit Austria AG
5.83%, 7/8/08 (l)		10,877,952		10,877,952
Lehman Brothers Holdings, Inc.
5.50%, 12/28/07 (l)		634,567		634,567
5.60%, 8/21/09 (l)		4,532,562		4,532,562
Links Finance LLC
4.87%, 6/25/09 (l)		2,718,385		2,718,385
Mane Funding Corp.
5.25%, 10/1/07		18,122,556		18,122,556
Market Street Funding Corp.
5.30%, 10/1/07		18,122,481		18,122,481
MBIA Global Funding LLC
4.87%, 3/30/09 (l)		4,532,622		4,532,622
Monumental Global Funding II
4.86%, 4/25/08 (l)		2,175,659		2,175,659
4.93%, 5/26/10 (l)		8,521,330		8,521,330
Morgan Stanley
5.40%, 5/7/09 (l)		9,065,244		9,065,244
Morgan Stanley, Repurchase Agreement
5.15%, 10/1/07 (r)		89,474,067		89,474,067
5.35%, 10/1/07 (r)		12,691,342		12,691,342
Natexis Banques Populaires N.Y.
4.87%, 1/28/08 (l)		5,439,147		5,439,147
New York Life Insurance Co.
5.42%, 12/28/07 (l)		6,164,366		6,164,366
Pricoa Global Funding I
4.90%, 6/25/10 (l)		5,437,650		5,437,650

18

AXA PREMIER VIP TRUST

MULTIMANAGER AGGRESSIVE EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Concluded)

September 30, 2007 (Unaudited)

	Principal Amount		Value (Note 1)
Rheingold Securitization Ltd.
5.35%, 10/25/07	$	13,416,380	$	13,416,380
5.35%, 1/7/08		4,422,207		4,422,207
Royal Bank of Scotland plc/London
5.30%, 10/1/07		18,130,488		18,130,488
Simba Funding Corp.
5.25%, 10/1/07		18,122,556		18,122,556
Three Pillars Funding Corp.
5.25%, 10/1/07		18,122,556		18,122,556
Wachovia Bank N.A.
4.87%, 10/2/08 (l)		1,813,049		1,813,049
Total Short-Term Investments of Cash Collateral for Securities Loaned				505,156,313
Time Deposit (0.6%)
JPMorgan Chase Nassau
4.43%, 10/1/07		19,096,612		19,096,612
Total Short-Term Investments (19.4%) (Cost/Amortized Cost $ 558,778,406)				558,772,595
Total Investments (117.6%) (Cost/Amortized Cost $ 2,966,920,779)				3,377,947,981
Other Assets Less Liabilities (-17.6%)				(504,920,991	)
Net Assets (100%)			$	2,873,026,990

* 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.

(b) Illiquid security.

(l) Floating Rate Security. Rate disclosed is as of September 30, 2007.

(o) Discount Note Security. Effective rate calculated as of September 30, 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 nine months ended September 30, 2007 were as follows:

Cost of Purchases:
Stocks and long-term corporate debt securities	$	1,733,805,928
Net Proceeds of Sales and Redemptions:
Stocks and long-term corporate debt securities	$	1,825,453,602
As of September 30, 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	$	520,811,767
Aggregate gross unrealized depreciation		(149,771,777	)
Net unrealized appreciation	$	371,039,990
Federal income tax cost of investments	$	3,006,907,991

At September 30, 2007, the Portfolio had loaned securities with a total value of $496,399,821. This was secured by collateral of $505,156,313 which was received as cash and subsequently invested in short-term investments as reported in the portfolio of investments. The remaining collateral of $6,147,441 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.

For the nine months ended September 30, 2007, the Portfolio incurred approximately $10,060 as brokerage commissions with Sanford C. Bernstein & 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 Portfolio of Investments

19

AXA PREMIER VIP TRUST

MULTIMANAGER CORE BOND PORTFOLIO

PORTFOLIO OF INVESTMENTS

September 30, 2007 (Unaudited)

	Principal Amount		Value (Note 1)
LONG-TERM DEBT SECURITIES:
Asset-Backed and Mortgage-Backed Securities (20.7%)
Asset-Backed Securities (4.9%)
ACE Securities Corp.,
Series 06-HE1 A2A
5.211%, 2/25/36 (l)	$	1,418,315	$	1,414,707
Series 06-HE3 A2A
5.181%, 6/25/36 (l)		3,204,293		3,192,974
Aegis Asset Backed Securities Trust,
Series 06-1 A1
5.211%, 1/25/37 (l)		6,657,110		6,622,120
Ameriquest Mortgage Securities, Inc.,
Series 04-R11 A1
5.434%, 11/25/34 (l)		3,568,195		3,358,038
Amortizing Residential Collateral Trust,
Series 02-BC3M A
5.401%, 6/25/32 (l)		39,202		39,214
Series 02-BC4 A
5.421%, 7/25/32 (l)		8,882		8,628
Asset Backed Funding Certificates,
Series 06-OPT3 A3A
5.191%, 11/25/36 (l)		6,528,223		6,490,835
Bear Stearns Asset Backed Securities Trust,
Series 02-2 A1
5.461%, 10/25/32 (l)		24,724		24,183
Series 03-2 A2
5.581%, 3/25/43 (l)		115,915		115,064
Series 06-HE1 1A1
5.221%, 12/25/35 (l)		1,803,127		1,795,870
Carrington Mortgage Loan Trust,
Series 06-RFC1 A1
5.171%, 5/25/36 (l)		2,246,118		2,237,704
Cendant Mortgage Corp.,
Series 03-A A1
6.000%, 7/25/43 §(l)		114,350		113,064
Chase Issuance Trust,
Series 04-A9 A9
3.220%, 6/15/10		6,025,000		6,020,414
Chase Manhattan Auto Owner Trust,
Series 05-A A3
3.870%, 6/15/09		3,819,003		3,793,413
Series 06-A A2
5.370%, 1/15/09		762,404		762,577
Citibank Credit Card Issuance Trust,
Series 03-A6 A6
2.900%, 5/17/10		2,475,000		2,441,800
Countrywide Asset-Backed Certificates,
Series 06-6 2A1
5.201%, 9/25/36 (l)		396,478		396,366
Series 06-19 2A1
5.191%, 3/25/37 (l)		6,852,989		6,819,137
CS First Boston Mortgage Securities Corp.,
Series 01-HE17 A1
5.751%, 1/25/32 (l)		32,396		31,673
Daimler Chrysler Auto Trust,
Series 06-B A3
5.330%, 8/8/10		7,765,200		7,772,552
Series 06-C A3
5.020%, 7/8/10		11,650,000		11,636,003
Series 06-D A4
4.940%, 2/8/12		9,900,000		9,846,319
Fieldstone Mortgage Investment Corp.,
Series 06-1 A1
5.211%, 5/25/36 (l)		3,189,887		3,178,283
First Franklin Mortgage Loan Asset Backed Certificates,
Series 06-FF4 A1
5.201%, 3/25/36 (l)		2,273,811		2,265,963
Ford Credit Auto Owner Trust,
Series 05-B A3
4.170%, 1/15/09		852,949		852,157
Series 05-C A3
4.300%, 8/15/09		3,922,262		3,906,854
Series 06-B A3
5.260%, 10/15/10		12,250,000		12,256,523
GSAA Home Equity Trust,
Series 06-5 2A1
5.201%, 3/25/36 (l)		3,894,951		3,847,477
GSAMP Trust,
Series 02-NC1 A2
5.771%, 7/25/32 (l)		4,114		3,935
Home Equity Asset Trust,
Series 02-1 A4
5.731%, 11/25/32 (l)		4,106		3,918
Honda Auto Receivables Owner Trust,
Series 05-6 A3
4.850%, 10/19/09		6,361,810		6,348,793
MBNA Credit Card Master Note Trust,
Series 03-A6 A6
2.750%, 10/15/10		2,250,000		2,218,225
Series 03-A7 A7
2.650%, 11/15/10		6,150,000		6,049,452
Nationstar Home Equity Loan Trust,
Series 06-B AV1
5.201%, 9/25/36 (l)		3,571,094		3,558,318
Nissan Auto Receivables Owner Trust,
Series 06-B A3
5.160%, 2/15/10		10,225,000		10,216,334
Renaissance Home Equity Loan Trust,
Series 03-2 A
5.571%, 8/25/33 (l)		44,595		43,079
Series 03-3 A
5.631%, 12/25/33 (l)		284,872		276,863
Residential Asset Mortgage Products, Inc.,
Series 05-RZ4 A1
5.251%, 11/25/35 (l)		2,440,623		2,429,890
Series 06-RS2 A1
5.211%, 3/25/36 (l)		1,175,087		1,173,591
Salomon Brothers Mortgage Securities VII, Inc.,
Series 02-CIT1 A
5.431%, 3/25/32 (l)		78,002		77,442
Saxon Asset Securities Trust,
Series 02-1 AV2
5.401%, 1/25/32 (l)		16,833		16,764
SLM Student Loan Trust,
Series 06-8 A1
5.340%, 4/25/12 (l)		1,943,906		1,944,044
Structured Asset Investment Loan Trust,
Series 06-1 A1
5.211%, 1/25/36 (l)		1,725,102		1,720,284
Structured Asset Securities Corp.,
Series 02-HF1 A
5.421%, 1/25/33 (l)		99,101		95,688
Series 03-2
5.855%, 1/21/09 (b)(l)		1,605,226		1,601,213
Series 03-AL2 A
3.357%, 1/25/31 §		801,290		703,288
Wells Fargo Home Equity Trust,
Series 05-2 AII2
5.371%, 10/25/35 §(l)		660,677		658,033
				140,379,066
Non-Agency CMO (15.8%)
Banc of America Alternative Loan Trust,
Series 04-5 4A1
5.000%, 6/25/19		1,376,183		1,365,436

20

AXA PREMIER VIP TRUST

MULTIMANAGER CORE BOND PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2007 (Unaudited)

	Principal Amount		Value (Note 1)
Series 04-6 4A1
5.000%, 7/25/19	$	1,444,351	$	1,419,598
Banc of America Commercial Mortgage, Inc.,
Series 00-1 A2A
7.333%, 11/15/31 (l)		6,310,000		6,536,478
Series 01-1 A2
6.503%, 4/15/36		4,429,382		4,598,451
Series 02-PB2 A2
5.676%, 6/11/35		3,725,571		3,733,601
Series 02-PB2 A4
6.186%, 6/11/35		5,320,000		5,523,443
Banc of America Funding Corp.,
Series 06-A 1A1
4.614%, 2/20/36 (l)		2,078,134		2,057,876
Bear Stearns Adjustable Rate Mortgage Trust,
Series 05-10 A2
4.750%, 10/25/35 (l)		2,700,000		2,651,753
Series 07-4 22A1
6.012%, 6/25/47 (l)		2,543,795		2,508,723
Bear Stearns Alt-A Trust,
Series 06-6 31A1
5.819%, 11/25/36 (l)		4,805,413		4,805,139
Series 06-6 32A1
5.819%, 11/25/36 (l)		5,194,891		5,204,950
Bear Stearns Commercial Mortgage Securities, Inc.,
Series 00-WF2 A2
7.320%, 10/15/32 (l)		2,890,000		3,048,106
Series 03-T12 A4
4.680%, 8/13/39 (l)		6,825,000		6,607,585
Bear Stearns Structured Products, Inc.,
Series 07-R7 A1
5.700%, 1/25/37 †§(l)		4,231,236		4,201,822
Chase Commercial Mortgage Securities Corp.,
Series 99-2 A2
7.198%, 1/15/32		519,937		539,503
Series 00-3 A2
7.319%, 10/15/32		2,255,000		2,372,735
Citigroup Commercial Mortgage Trust,
Series 05-EMG A2
4.221%, 9/20/51 §		5,700,000		5,611,045
Citigroup Mortgage Loan Trust, Inc.,
Series 05-4 A
5.344%, 8/25/35 (l)		26,073,992		25,723,075
Series 06-AR1 1A1
4.900%, 10/25/35 (l)		8,716,663		8,657,897
Series 07-C6 AM
5.889%, 12/10/49 (l)		3,575,000		3,555,853
Commercial Mortgage Acceptance Corp.,
Series 98-C2 A2
6.030%, 9/15/30		1,501,317		1,500,260
Commercial Mortgage Pass Through Certificates,
Series 00-C1 A2
7.416%, 8/15/33 (l)		5,802,210		6,051,009
Series 07-C9 A4
6.010%, 12/10/49 (l)		9,890,000		10,078,595
Countrywide Alternative Loan Trust,
Series 03-J3 2A1
6.250%, 12/25/33		294,597		295,500
Series 06-OC8 2A1A
5.221%, 11/25/36 (l)		7,353,248		7,346,026
Series 07-A8 A1
6.000%, 11/30/37		9,600,000		9,439,500
Countrywide Home Loan Mortgage Pass Through Trust,
Series 03-R4 1A3
6.000%, 11/25/26 §		463,062		461,000
Series 03-R4 2A
6.500%, 1/25/34 §(l)		297,383		304,623
Series 07-16 A1
6.500%, 10/25/37		5,874,114		5,922,386
Credit Suisse Mortgage Capital Certificates,
Series 06-3 1A1A
5.221%, 4/25/36 (l)		1,969,733		1,966,294
Series 06-C5 A3
5.311%, 12/15/39		10,020,000		9,833,639
CS First Boston Mortgage Securities Corp.,
Series 98-C1 A1B
6.480%, 5/17/40)		6,135,488		6,167,507
Series 98-C2 A2
6.300%, 11/15/30		1,020,138		1,028,802
Series 02-CKS4 A2
5.183%, 11/15/36		7,435,000		7,416,814
Series 02-CP3 A3
5.603%, 7/15/35		7,210,000		7,321,435
Series 02-CP5 A2
4.940%, 12/15/35		6,905,000		6,800,255
Series 02-P1A A
5.953%, 3/25/32 §(l)		29,440		29,340
Series 03-C3 A5
3.936%, 5/15/38		7,430,000		6,948,390
Series 05-C2 A4
4.832%, 4/15/37		4,760,000		4,562,738
DLJ Commercial Mortgage Corp.,
Series 98-CF1 A1B
6.410%, 2/18/31 (l)		441,261		440,810
Series 99-CG1 A1B
6.460%, 3/10/32		258,445		262,087
Series 99-CG2 A1B
7.300%, 6/10/32 (l)		3,621,876		3,732,521
Series 00-CKP1 A1B
7.180%, 11/10/33		6,022,961		6,327,772
First Horizon Alternative Mortgage Securities Trust,
Series 06-FA2 1A5
6.000%, 5/25/36		8,693,270		8,773,376
First Republic Mortgage Loan Trust,
Series 01-FRB1 A
6.103%, 11/15/31 (l)		648,456		645,804
First Union National Bank Commercial Mortgage Trust,
Series 01-C4 A2
6.223%, 12/12/33		6,520,000		6,769,989
General Electric Capital Commercial Mortgage Corp.,
Series 02-3A A1
4.229%, 12/10/37		1,758,136		1,735,961
GMAC Commercial Mortgage Securities, Inc.,
Series 99-C2 A2
6.945%, 9/15/33		310,590		318,053
Series 99-C3 A2
7.179%, 8/15/36 (l)		2,709,435		2,795,731
Series 00-C1 A2
7.724%, 3/15/33 (l)		3,796,442		3,981,095
Series 00-C2 A2
7.455%, 8/16/33 (l)		3,158,544		3,320,307
Series 00-C3 A2
6.957%, 9/15/35		5,125,000		5,391,152
Series 02-C3 A2
4.930%, 7/10/39		6,925,000		6,833,017
Greenwich Capital Commercial Funding Corp.,
Series 04-GG1 A4
4.755%, 6/10/36		1,205,000		1,198,700
Series 07-GG9 A4
5.444%, 3/10/39		8,775,000		8,671,437
GS Mortgage Securities Corp. II,
Series 98-C1 A3
6.135%, 10/18/30		4,347,149		4,361,929
Series 06-GG8 A4
5.560%, 11/10/39^		5,360,000		5,364,012

21

AXA PREMIER VIP TRUST

MULTIMANAGER CORE BOND PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2007 (Unaudited)

	Principal Amount		Value (Note 1)
GSR Mortgage Loan Trust,
Series 04-9 4A1
4.058%, 8/25/34 (l)	$	6,090,952	$	6,049,698
Series 05-AR4 6A1
5.250%, 7/25/35 (l)		24,020,492		23,176,960
Series 05-AR6 2A1
4.540%, 9/25/35 (l)		2,289,444		2,266,695
Series 05-AR7 6A1
5.251%, 11/25/35 (l)		4,784,319		4,573,927
Heller Financial Commercial Mortgage Asset Corp.,
Series 99-PH1 A2
6.847%, 5/15/31 (l)		407,911		414,149
Homebanc Mortgage Trust,
Series 05-4 A1
5.401%, 10/25/35 (l)		3,391,890		3,333,871
Impac CMB Trust,
Series 03-8 2A1
6.405%, 10/25/33 (l)		282,111		280,197
JPMorgan Chase Commercial Mortgage Securities Corp.,
Series 01-C1 A3
5.857%, 10/12/35		5,340,000		5,478,048
Series 01-CIB2 A3
6.429%, 4/15/35		1,295,000		1,351,404
Series 01-CIBC A3
6.260%, 3/15/33		5,121,659		5,285,329
Series 07-LD11 A2
5.992%, 6/15/49 (l)		3,450,000		3,517,388
Series 07-LD12 A2
5.827%, 2/15/51		2,810,000		2,858,735
LB Commercial Conduit Mortgage Trust,
Series 98-C4 A1B
6.210%, 10/15/35		1,297,667		1,306,100
LB-UBS Commercial Mortgage Trust,
Series 02-C2 A4
5.594%, 6/15/31		6,949,000		7,066,579
Series 03-C7 A2
4.064%, 9/15/27 (l)		1,730,000		1,706,356
Series 04-C7 A1A
4.475%, 10/15/29		8,974,247		8,715,427
Series 06-C6 A4
5.372%, 9/15/39		3,295,000		3,256,800
MASTR Alternative Loans Trust,
Series 04-4 1A1
5.500%, 5/25/34		2,752,392		2,703,260
Merrill Lynch Mortgage Investors, Inc.,
Series 03-A1 3A
4.910%, 12/25/32 (l)		524,678		521,417
Series 05-A10 A
5.341%, 2/25/36 (l)		2,601,797		2,579,562
Morgan Stanley Capital I,
Series 99-LIFE A2
7.110%, 4/15/33 (l)		6,547,344		6,741,496
Series 06-IQ12 A4
5.332%, 12/15/43		3,455,000		3,397,709
Series 07-HQ12 A2
5.811%, 4/12/49 (l)		1,250,000		1,266,221
Series 07-IQ15 A4
6.078%, 6/11/49 (l)		11,450,000		11,729,493
Series 07-IQ15 AM
6.078%, 6/11/49 (l)		5,075,000		5,114,965
Morgan Stanley Dean Witter Capital I,
Series 02-IQ2 A4
5.740%, 12/15/35		6,865,000		7,008,955
Nationslink Funding Corp.,
Series 98-2 A2
6.476%, 8/20/30		5,821,981		5,845,700
Residential Accredit Loans, Inc.,
Series 03-QR19 CB1
5.750%, 10/25/33		437,615		437,925
Series 06-QS2 1A9
5.500%, 2/25/36		7,141,000		7,144,265
Salomon Brothers Mortgage Securities VII, Inc.,
Series 01-C2 A3
6.499%, 10/13/11		8,650,000		9,048,239
Sequoia Mortgage Trust,
Series 03-4 2A1
5.846%, 7/20/33 (l)		281,098		278,249
Series 10 2A1
5.876%, 10/20/27 (l)		120,335		120,071
Structured Adjustable Rate Mortgage Loan Trust,
Series 05-19XS 1A1
5.451%, 10/25/35 (l)		2,417,245		2,355,546
Structured Asset Mortgage Investments, Inc.,
Series 02-AR3 A1
5.833%, 9/19/32 (l)		73,026		72,928
Series 05-AR5 A1
5.753%, 7/19/35 (l)		545,129		543,403
Series 05-AR5 A2
5.573%, 7/19/35 (l)		3,018,663		3,004,438
Series 06-AR3 12A1
5.351%, 5/25/36 (l)		2,121,805		2,073,906
Terra LNR Ltd.,
Series 06-1A A1
5.883%, 6/15/17 §(l)		119,199		119,199
TIAA Retail Commercial Trust,
Series 01-C1A A4
6.680%, 6/19/31 §(l)		9,155,000		9,383,103
Wachovia Bank Commercial Mortgage Trust,
Series 05-C17 APB
5.037%, 3/15/42		5,110,000		5,047,838
Series 05-C20 A6A
5.110%, 7/15/42 (l)		7,640,000		7,562,010
WaMu Mortgage Pass-Through Certificates,
Series 02-AR6 A
6.383%, 6/25/42 (l)		145,169		142,900
Series 02-AR9 1A
6.383%, 8/25/42 (l)		181,402		182,208
Series 03-R1 A1
5.671%, 12/25/27 (l)		1,385,063		1,384,935
Wells Fargo Mortgage Backed Securities Trust,
Series 04-K 1A2
4.476%, 7/25/34 (l)		5,509,771		5,381,194
Series 07-11 A96
6.000%, 8/25/37		8,633,061		8,642,471
				455,592,204
Total Asset-Backed and Mortgage-Backed Securities				595,971,270
Consumer Discretionary (0.9%)
Automobiles (0.0%)
Daimler Finance N.A. LLC
4.050%, 6/4/08^		200,000		197,809
Hotels, Restaurants & Leisure (0.0%)
Caesars Entertainment, Inc.
7.500%, 9/1/09		500,000		512,500
Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp.
6.625%, 12/1/14^		100,000		98,000
				610,500
Media (0.9%)
Comcast Cable Communications Holdings, Inc.
8.375%, 3/15/13		1,020,000		1,143,255

22

AXA PREMIER VIP TRUST

MULTIMANAGER CORE BOND PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2007 (Unaudited)

	Principal Amount		Value (Note 1)
Comcast Cable Holdings LLC
7.875%, 8/1/13	$	130,000	$	142,272
7.125%, 2/15/28		360,000		370,745
Comcast Corp.
6.500%, 1/15/15		969,000		1,001,231
6.500%, 1/15/17		2,550,000		2,630,480
7.050%, 3/15/33		15,000		15,811
6.500%, 11/15/35		1,235,000		1,219,497
6.950%, 8/15/37		4,900,000		5,143,089
COX Communications, Inc.
7.125%, 10/1/12		115,000		121,880
Historic TW, Inc.
6.625%, 5/15/29^		200,000		195,869
News America Holdings, Inc.
7.750%, 1/20/24		145,000		158,809
8.500%, 2/23/25		775,000		911,638
8.450%, 8/1/34		245,000		297,678
News America, Inc.
7.125%, 4/8/28		275,000		283,036
R.H. Donnelley Corp.,
Series A-3
8.875%, 1/15/16^		7,000,000		7,131,250
TCI Communications, Inc.
7.875%, 2/15/26		820,000		903,338
Time Warner Cable, Inc.
6.550%, 5/1/37 §		2,350,000		2,305,305
Time Warner Cos., Inc.
7.570%, 2/1/24		10,000		10,784
Time Warner, Inc.
6.750%, 4/15/11		135,000		140,318
7.700%, 5/1/32		598,000		656,612
Turner Broadcasting System, Inc.
8.375%, 7/1/13		65,000		72,703
				24,855,600
Total Consumer Discretionary				25,663,909
Consumer Staples (0.6%)
Food & Staples Retailing (0.0%)
SUPERVALU, Inc.
7.500%, 11/15/14		1,700,000		1,729,750
Food Products (0.1%)
Kraft Foods, Inc.
6.500%, 8/11/17		4,340,000		4,483,007
Household Products (0.4%)
Kimberly Clark Corp.
5.460%, 7/30/10 (l)		10,400,000		10,401,622
Tobacco (0.1%)
Reynolds American, Inc.
6.750%, 6/15/17		1,930,000		1,973,956
Total Consumer Staples				18,588,335
Energy (0.8%)
Energy Equipment & Services (0.3%)
Halliburton Co.
5.500%, 10/15/10^		1,100,000		1,112,773
7.600%, 8/15/96 §		525,000		587,398
Transocean, Inc.
5.869%, 9/5/08 (l)		6,200,000		6,188,747
				7,888,918
Oil, Gas & Consumable Fuels (0.5%)
Anadarko Petroleum Corp.
6.450%, 9/15/36		3,600,000		3,544,196
ConocoPhillips
7.000%, 3/30/29		30,000		32,454
El Paso Corp.
7.000%, 6/15/17^		950,000		964,616
EnCana Holdings Finance Corp.
5.800%, 5/1/14		400,000		402,169
Enterprise Products Operating LP,
Series B
4.000%, 10/15/07		575,000		574,589
Forest Oil Corp.
8.000%, 6/15/08		1,507,000		1,522,070
Tesoro Corp.
6.625%, 11/1/15		1,550,000		1,550,000
6.500%, 6/1/17^§		5,450,000		5,409,125
XTO Energy, Inc.
6.750%, 8/1/37		2,150,000		2,243,375
				16,242,594
Total Energy				24,131,512
Financials (17.4%)
Capital Markets (5.8%)
Bank of New York Co., Inc.
3.800%, 2/1/08		1,200,000		1,193,652
Bear Stearns Cos., Inc.
5.590%, 8/21/09 (l)		2,700,000		2,634,158
5.584%, 2/23/10 (l)		7,000,000		6,840,309
5.760%, 7/19/10 (l)		1,805,000		1,773,106
6.950%, 8/10/12		4,965,000		5,176,593
6.400%, 10/2/17		2,675,000		2,663,115
Goldman Sachs Capital II
5.793%, 12/31/49 (l)		3,650,000		3,453,809
Goldman Sachs Group, Inc.
5.300%, 12/22/08 (l)		100,000		99,696
5.250%, 12/23/08 (l)		5,100,000		5,083,568
5.498%, 6/28/10 (l)		10,000,000		9,964,090
5.250%, 10/15/13		7,710,000		7,532,385
6.250%, 9/1/17		28,000,000		28,612,920
Lehman Brothers Holdings, Inc.
5.260%, 12/23/08 (l)		10,200,000		10,086,454
5.645%, 5/25/10 (l)		8,975,000		8,748,085
5.750%, 7/18/11		2,375,000		2,382,481
7.000%, 9/27/27		2,825,000		2,892,481
7.394%, 9/15/22 (l)		2,175,000		2,166,659
Merrill Lynch & Co., Inc.
5.400%, 10/23/08^ (l)		8,500,000		8,475,069
5.240%, 12/22/08 (l)		1,700,000		1,694,235
6.050%, 8/15/12		2,300,000		2,358,234
6.400%, 8/28/17^		30,000,000		30,953,730
Morgan Stanley
5.189%, 11/21/08 (l)		3,300,000		3,283,721
5.600%, 1/22/09 (l)		600,000		597,793
5.050%, 1/21/11^		2,315,000		2,288,097
6.750%, 4/15/11		800,000		836,104
5.610%, 1/9/12 (l)		8,575,000		8,400,439
5.625%, 1/9/12		1,935,000		1,950,313
5.300%, 3/1/13		300,000		295,268
5.550%, 4/27/17		2,825,000		2,740,897
				165,177,461
Certificates of Deposit (1.3%)
Bank of Ireland
5.400%, 1/15/10 (l)		4,000,000		4,003,212
Calyon/New York
5.340%, 1/16/09 (l)		6,800,000		6,802,333
Fortis Bank S.A./New York
5.074%, 4/28/08 (l)		2,500,000		2,500,720
5.074%, 6/30/08 (l)		4,000,000		4,000,716
Nordea Bank Finland plc/New York
5.066%, 4/2/08 (l)		2,700,000		2,698,161
5.443%, 5/28/08 (l)		7,400,000		7,398,587
5.808%, 4/9/09 (l)		2,300,000		2,295,908
SunTrust Bank
4.415%, 6/15/09		980,000		965,240

23

AXA PREMIER VIP TRUST

MULTIMANAGER CORE BOND PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2007 (Unaudited)

	Principal Amount		Value (Note 1)
Unicredito Italiano Bank plc/New York
5.350%, 5/6/08 (l)	$	1,700,000	$	1,698,235
5.506%, 5/29/08 (l)		4,700,000		4,696,137
				37,059,249
Commercial Banks (3.2%)
Bank of Scotland plc
3.500%, 11/30/07 §		1,285,000		1,283,169
5.400%, 7/17/09 §(l)		4,300,000		4,290,243
Bank One N.A./Illinois
3.700%, 1/15/08#		1,250,000		1,244,896
Bank One N.A./Texas
6.250%, 2/15/08		1,000,000		1,004,052
BankBoston N.A.
6.375%, 4/15/08#		625,000		628,266
Barclays Bank plc
7.434%, 9/29/49 §(l)		1,650,000		1,753,420
Charter One Bank N.A.
5.410%, 4/24/09 (l)		5,600,000		5,563,589
Commonwealth Bank of Australia
5.860%, 6/8/09 §(l)		600,000		599,492
DnB NOR Bank ASA
5.430%, 10/13/09 §(l)		6,100,000		6,101,183
Eksportfinans A/S
3.375%, 1/15/08		4,070,000		4,057,501
HSBC Capital Funding LP/Jersey Channel Islands
4.610%, 12/31/49 §(l)		550,000		516,627
ICICI Bank Ltd.
5.900%, 1/12/10 §(l)		3,400,000		3,370,638
Mellon Capital IV, Series 1
6.244%, 6/29/49 (l)		2,100,000		2,076,793
Mizuho Financial Group, Inc./Aruba
1.433%, 10/2/27 †(l)	JPY	300,000,000		2,626,649
National Australia Bank Ltd.
5.765%, 9/11/09 §(l)	$	6,200,000		6,212,648
National Westminster Bank plc/United Kingdom
7.375%, 10/1/09		725,000		763,737
Rabobank Capital Funding II
5.260%, 12/29/49 §(l)		780,000		737,549
Rabobank Nederland
0.200%, 6/20/08	JPY	148,000,000		1,280,710
Royal Bank of Scotland Group plc
7.640%, 3/31/49 (l)	$	4,225,000		4,425,054
Royal Bank of Scotland plc
5.370%, 4/11/08 § (l)		2,700,000		2,698,923
5.410%, 7/21/08 § (l)		1,200,000		1,198,986
Santander U.S. Debt S.A. Unipersonal
5.420%, 10/21/08 §(l)		8,900,000		8,884,692
Sumitomo Mitsui Banking Corp.
1.151%, 12/31/49 (l)		200,000,000		1,765,398
1.514%, 12/31/49 (l)		100,000,000		877,934
5.625%, 7/29/49 §(l)		300,000		279,160
SunTrust Banks, Inc.
3.625%, 10/15/07		845,000		844,363
4.000%, 10/15/08		895,000		885,859
SunTrust Capital VIII
6.100%, 12/15/36 (l)		1,450,000		1,315,372
U.S. Bank N.A./Ohio
4.400%, 8/15/08		2,270,000		2,251,148
Unicredito Luxembourg Finance S.A.
5.410%, 10/24/08 §(l)		8,200,000		8,203,534
Wachovia Bank N.A./North Carolina
4.375%, 8/15/08		270,000		268,647
5.250%, 3/23/09 (l)		9,000,000		8,986,266
Wachovia Corp.
6.300%, 4/15/08		1,165,000		1,174,923
Wells Fargo & Co.
4.200%, 1/15/10		1,950,000		1,917,349
4.625%, 8/9/10		2,390,000		2,364,960
4.875%, 1/12/11		460,000		455,674
				92,909,404
Consumer Finance (0.8%)
Capital One Financial Corp.
6.750%, 9/15/17		2,300,000		2,355,053
Ford Motor Credit Co. LLC
4.950%, 1/15/08^		3,900,000		3,875,016
5.625%, 10/1/08^		3,600,000		3,517,423
7.250%, 10/25/11		3,150,000		2,951,909
7.800%, 6/1/12^		250,000		237,825
HSBC Finance Corp.
5.809%, 12/5/08 (l)		2,500,000		2,496,355
SLM Corp.
5.500%, 7/27/09 (l)		5,900,000		5,671,428
5.660%, 1/27/14 (l)		2,950,000		2,574,607
				23,679,616
Diversified Financial Services (4.8%)
Associates Corp. of North America
6.250%, 11/1/08#		650,000		657,485
6.875%, 11/15/08		4,100,000		4,177,367
Bank of America Corp.
6.250%, 4/1/08		425,000		426,784
5.670%, 2/17/09 (l)		9,055,000		9,065,114
5.625%, 10/14/16		3,050,000		3,047,492
6.000%, 9/1/17		5,225,000		5,346,163
Bank of America N.A.
6.100%, 6/15/17		1,275,000		1,309,618
Belvoir Land LLC, Series A-1
5.270%, 12/15/47 §		825,000		723,137
BTM Curacao Holdings N.V.
1.187%, 12/31/49 (l)	JPY	100,000,000		868,198
Caterpillar Financial Services Corp.
5.550%, 8/11/09 (l)	$	6,100,000		6,069,915
CIT Group, Inc.
5.704%, 5/23/08^ (l)		5,900,000		5,800,438
Citigroup Global Markets Holdings, Inc.
5.794%, 3/17/09 (l)		19,200,000		19,212,557
Citigroup, Inc.
3.500%, 2/1/08		2,615,000		2,600,095
3.625%, 2/9/09		980,000		962,752
6.200%, 3/15/09		905,000		920,346
5.228%, 12/28/09 (l)		4,100,000		4,084,113
4.125%, 2/22/10		3,940,000		3,869,746
4.625%, 8/3/10		485,000		481,109
6.000%, 8/15/17^		1,320,000		1,350,654
5.875%, 5/29/37		1,335,000		1,286,841
General Electric Capital Corp.
5.360%, 10/24/08 (l)		3,000,000		2,989,062
5.794%, 6/15/09 (l)		5,100,000		5,086,449
5.440%, 5/10/10 (l)		3,700,000		3,679,820
5.000%, 11/15/11^		12,270,000		12,214,576
5.500%, 9/16/67 §(l)		10,400,000		14,709,755
Irwin Land LLC, Series A-1
5.030%, 12/15/25 §		725,000		672,278
Series A-2
5.300%, 12/15/35		1,195,000		1,104,945
JP Morgan Chase Capital XXV
6.800%, 10/1/37		5,975,000		5,984,100
JPMorgan Chase & Co.
4.000%, 2/1/08		740,000		737,302
6.375%, 2/15/08		775,000		778,487

24

AXA PREMIER VIP TRUST

MULTIMANAGER CORE BOND PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2007 (Unaudited)

	Principal Amount		Value (Note 1)
JPMorgan Chase Bank N.A.
6.000%, 7/5/17	$	5,400,000	$	5,411,344
6.000%, 10/1/17		5,765,000		5,820,886
MassMutual Global Funding II
2.550%, 7/15/08 §		850,000		832,718
Nationwide Building Society
4.250%, 2/1/10 §		295,000		288,955
New York Life Global Funding
3.875%, 1/15/09 §		775,000		769,395
Pemex Finance Ltd.
9.030%, 2/15/11#		75,000		79,125
Pricoa Global Funding I
4.350%, 6/15/08 §		1,275,000		1,261,961
TIAA Global Markets, Inc.
3.875%, 1/22/08^§		615,000		612,003
UFJ Finance Aruba AEC
6.750%, 7/15/13		310,000		320,852
USAA Capital Corp.
4.000%, 12/10/07 §		975,000		972,313
ZFS Finance USA Trust I
6.500%, 5/9/37 §(l)		1,945,000		1,880,427
				138,466,677
Insurance (1.3%)
Allstate Corp.
6.125%, 5/15/37^ (l)		1,480,000		1,451,081
American International Group, Inc.
5.400%, 1/29/10^§(l)		10,400,000		10,456,524
Berkshire Hathaway Finance Corp.
4.125%, 1/15/10		85,000		83,595
4.750%, 5/15/12^		760,000		745,447
Chubb Corp.
6.375%, 3/29/37^ (l)		3,125,000		3,106,566
Hartford Life Global Funding Trusts
5.864%, 9/15/09 (l)		3,610,000		3,605,477
Lincoln National Corp.
6.050%, 4/20/67 (l)		2,025,000		1,949,856
MetLife, Inc.
6.400%, 12/15/36		4,390,000		4,174,236
Monumental Global Funding Ltd.
5.933%, 6/16/10 §(l)		7,080,000		7,065,460
Progressive Corp.
6.700%, 6/15/37 (l)		2,390,000		2,318,742
Travelers Cos., Inc.
6.250%, 3/15/37 (l)		3,375,000		3,263,136
				38,220,120
Real Estate Investment Trusts (REITs) (0.2%)
AvalonBay Communities, Inc. (REIT)
6.625%, 9/15/11		270,000		280,711
Rouse Co. LP (REIT)
3.625%, 3/15/09		1,160,000		1,110,408
Ventas Realty LP/Ventas Capital Corp. (REIT)
7.125%, 6/1/15		2,300,000		2,346,000
6.750%, 4/1/17		760,000		758,100
				4,495,219
Real Estate Management & Development (0.0%)
ERP Operating LP
6.625%, 3/15/12		445,000		459,009
Total Financials				500,466,755
Government Securities (74.2%)
Agency ABS (0.2%)
Small Business Administration Participation Certificates, Series 04-20A 1
4.930%, 1/1/24		735,253		726,727
Series 04-20C 1
4.340%, 3/1/24		4,643,184		4,418,973
Series 05-20B 1
4.625%, 2/1/25		411,321		396,588
Small Business Administration, Series 03-10A 1
4.628%, 3/10/13		681,090		667,387
				6,209,675
Agency CMO (4.2%)
Federal Home Loan Mortgage Corp.
4.500%, 12/15/13		2,844,012		2,831,591
4.500%, 2/15/15		3,337,234		3,314,246
4.500%, 1/15/16		3,586,795		3,550,738
5.000%, 11/15/17		2,660,000		2,609,283
5.000%, 12/15/19		1,454,606		1,453,733
4.500%, 10/15/23		5,300,000		5,276,848
5.500%, 2/15/26		4,699,607		4,726,047
5.500%, 4/15/26		5,921,375		5,947,416
5.500%, 2/15/27		7,511,848		7,555,581
5.500%, 5/15/29		20,402,233		20,418,059
6.103%, 12/15/29 (l)		25,224		25,201
5.500%, 1/15/31		2,809,493		2,826,310
0.798%, 10/15/33 IO		80,014,759		5,579,525
5.500%, 8/1/35 IO		6,509,137		1,682,834
5.500%, 2/1/36 IO		9,751,959		2,594,855
6.500%, 7/25/43		782,436		807,360
Federal National Mortgage Association
4.500%, 2/25/17		2,168,755		2,140,037
4.500%, 3/25/17		1,689,483		1,666,691
5.000%, 3/25/18		1,190,000		1,159,559
5.500%, 9/25/24		7,325,523		7,339,331
5.500%, 10/25/24		8,421,084		8,438,518
5.500%, 5/25/27		4,823,706		4,837,992
5.500%, 9/25/27		5,957,691		5,981,357
6.000%, 8/25/28		1,830,611		1,842,213
5.500%, 2/25/29		6,190,237		6,215,653
5.310%, 8/25/33		2,900,000		2,902,029
6.500%, 7/25/34		2,015,142		2,074,250
5.000%, 7/1/36 IO		14,255,304		3,539,351
Government National Mortgage Association
6.500%, 6/20/32		210,811		214,941
				119,551,549
Foreign Governments (2.1%)
Emirate of Abu Dhabi
5.500%, 8/2/12^§		10,400,000		10,581,688
Export-Import Bank of China
5.250%, 7/29/14^§		3,700,000		3,662,359
Federative Republic of Brazil
12.500%, 1/5/22		1,900,000		1,254,228
10.250%, 1/10/28		47,500,000		26,976,268
Israel Government AID Bond
5.500%, 4/26/24 BRL		1,950,000		2,054,586
5.500%, 9/18/33		1,945,000		1,988,938
Republic of Chile
5.500%, 1/15/13	$	1,000,000		1,016,800
Republic of Croatia Series A
6.188%, 7/31/10 (l)		617,727		619,784
Republic of Italy
3.800%, 3/27/08	JPY	364,000,000		3,208,622
Republic of Panama
9.625%, 2/8/11	$	350,000		395,780
Republic of Peru
9.125%, 1/15/08		400,000		403,000
Republic of South Africa
7.375%, 4/25/12		60,000		64,779
6.500%, 6/2/14		1,480,000		1,557,700
Russian Federation
7.500%, 3/31/30 (e)(m)		2,835,750		3,198,443

25

AXA PREMIER VIP TRUST

MULTIMANAGER CORE BOND PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2007 (Unaudited)

	Principal Amount		Value (Note 1)
United Mexican States
6.060%, 1/13/09 (l)	$	950,000	$	953,800
10.375%, 2/17/09		1,352,000		1,454,887
6.750%, 9/27/34		1,775,000		1,930,313
				61,321,975
Municipal Bonds (0.1%)
Austin Trust Various States Revenue Bonds, Series 07-1013
0.000%, 12/1/36 §(l)		1,200,000		1,297,860
City of Chicago, Illinois
5.962%, 1/1/14 §(l)		200,000		200,768
Los Gatos, California Union School District
5.000%, 8/1/30		160,000		165,209
New York City Municipal Water Finance Authority, Series 1105
6.120%, 6/15/34 §(l)		100,000		106,942
Puerto Rico Sales Tax Financing Corp. (Zero Coupon), 8/1/54		1,100,000		107,910
				1,878,689
U.S. Government Agencies (64.4%)
Federal Farm Credit Bank
4.100%, 6/16/11		200,000		196,557
Federal Home Loan Bank
2.850%, 6/26/08		2,000,000		1,971,638
4.010%, 9/17/08		3,000,000		2,982,603
4.000%, 1/16/09 (e)		1,800,000		1,788,113
4.000%, 4/20/09 (e)		1,800,000		1,788,133
4.120%, 11/9/09		600,000		595,386
4.125%, 1/5/10		500,000		495,742
4.500%, 6/22/10		10,900,000		10,916,143
4.500%, 6/12/13		3,700,000		3,623,632
4.625%, 9/11/20		32,800,000		31,075,770
Federal Home Loan Mortgage Corp.
6.875%, 7/15/08		8,323		8,447
4.000%, 10/7/09		2,000,000		1,982,986
4.000%, 6/1/10		1,028,033		1,004,331
4.625%, 5/28/13		850,000		835,396
6.000%, 1/1/14		28,606		29,024
5.500%, 2/1/14		307,352		307,639
6.000%, 7/1/14		16,280		16,514
6.000%, 2/1/17		595,339		604,221
6.000%, 3/1/17		4,845		4,917
6.500%, 3/1/17		88,807		90,975
6.000%, 4/1/17		534,971		542,954
6.000%, 5/1/17		4,206		4,269
6.000%, 7/1/17		83,601		84,842
6.000%, 8/1/17		108,268		109,882
5.500%, 11/1/17		118,913		118,935
4.500%, 4/1/19		266,843		257,101
4.000%, 5/1/19		33,602		31,673
4.500%, 5/1/19		1,648,875		1,588,676
4.500%, 6/1/19		569,375		548,960
4.500%, 8/1/19		60,287		58,086
4.500%, 11/1/19		1,384,431		1,333,886
4.500%, 2/1/20		21,296		20,502
4.500%, 5/1/20		105,578		101,641
4.500%, 8/1/20		3,187,490		3,071,116
4.000%, 9/1/20		83,940		78,924
5.000%, 10/1/20		5,802,343		5,689,128
5.500%, 3/1/23		68,254		67,525
6.500%, 4/1/31		1,090		1,117
5.500%, 11/1/31		1,528,722		1,502,011
7.383%, 11/1/31 (l)		27,259		27,985
5.500%, 11/1/32		801,579		787,573
5.500%, 1/1/33		115,881		113,832
5.500%, 2/1/33		677,503		665,521
5.500%, 3/1/33		47,843		46,982
5.500%, 4/1/33		65,819		64,634
5.500%, 5/1/33		22,887		22,475
5.500%, 10/1/33		66,047		64,858
5.000%, 4/1/34		3,789,274		3,624,061
4.775%, 1/1/35 (l)		5,143,297		5,071,886
5.500%, 10/1/35		883,547		866,221
5.341%, 4/1/36 (l)		5,137,713		5,133,439
5.543%, 4/1/36 (l)		7,816,931		7,809,812
5.000%, 5/1/36		643,251		613,760
6.000%, 9/1/36		258,486		258,840
5.500%, 12/1/36		300,001		293,796
5.000%, 1/1/37		97,429		92,962
5.685%, 1/1/37 (l)		6,674,846		6,728,732
5.500%, 6/1/37		2,999,700		2,937,262
5.500%, 7/1/37		18,672,903		18,284,232
5.500%, 8/1/37		60,834,963		59,568,701
5.500%, 9/1/37		16,000,000		15,666,965
4.500%, 10/15/22 TBA		4,700,000		4,523,750
6.000%, 10/15/22 TBA		8,000,000		8,100,000
5.500%, 10/15/37 TBA		48,300,000		47,288,695
6.000%, 10/15/37 TBA		55,300,000		55,351,872
6.000%, 11/15/37 TBA		26,100,000		26,108,143
Federal National Mortgage Association
4.040%, 3/16/09		500,000		496,638
4.000%, 7/23/09		187,000		185,459
5.570%, 12/15/10		16,750,000		16,787,503
4.000%, 11/28/11		4,100,000		4,001,936
4.625%, 5/1/13^		5,650,000		5,600,500
5.125%, 1/2/14		2,575,000		2,600,001
4.000%, 5/1/14		6,304,462		6,139,794
7.000%, 4/1/15		69,863		72,281
6.000%, 2/1/16		2,103,487		2,133,824
6.000%, 3/1/16		365,111		370,377
7.000%, 4/1/16		87,247		90,222
5.500%, 2/1/17		460,896		461,272
5.500%, 6/1/17		144,432		144,550
5.500%, 8/1/17		137,586		137,698
5.500%, 10/1/17		124,917		125,019
5.500%, 12/1/17		7,631		7,637
5.500%, 1/1/18		3,673,705		3,622,225
5.000%, 3/1/18		4,821,200		4,739,134
4.500%, 4/1/18		403,362		389,414
5.500%, 4/1/18		796,970		796,869
4.500%, 5/1/18		570,626		551,562
5.000%, 6/1/18		4,641,467		4,562,461
4.500%, 10/1/18		301,857		291,419
5.000%, 10/1/18		17,506		17,208
5.500%, 10/1/18		13,839		13,837
5.500%, 11/1/18		4,971,979		4,976,035
5.000%, 12/1/18		7,751,460		7,626,552
5.000%, 1/1/19		574,460		564,682
5.500%, 3/1/19		485,542		485,681
5.000%, 5/1/19		507,612		498,610
5.500%, 5/1/19		1,237,060		1,238,069
4.000%, 6/1/19		6,966,393		6,564,486
5.000%, 6/1/19		55,470		54,472
5.500%, 7/1/19		140,375		140,241
5.500%, 8/1/19		742,503		741,656
5.500%, 9/1/19		406,919		406,455
5.500%, 11/1/19		423,169		422,686
5.000%, 12/1/19		8,169,635		8,022,634
5.500%, 6/1/20		4,211,919		4,214,013
5.500%, 10/1/20		786,693		785,161
5.500%, 1/1/21		978,039		975,918
5.500%, 2/1/21		289,937		289,308
5.000%, 3/1/21		6,047,575		5,944,634
7.275%, 1/1/28 (l)		199,450		201,608

26

AXA PREMIER VIP TRUST

MULTIMANAGER CORE BOND PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2007 (Unaudited)

	Principal Amount		Value (Note 1)
6.500%, 2/1/31	$	1,197	$	1,227
6.500%, 8/1/31		565		579
7.000%, 8/1/31		44,144		46,001
7.000%, 3/1/32		26,015		27,068
7.000%, 4/1/32		154,338		160,782
7.000%, 5/1/32		9,356		9,735
6.500%, 6/1/32		153,702		157,416
6.500%, 8/1/32		230,866		236,644
6.500%, 9/1/32		2,168,051		2,220,442
7.000%, 10/1/32		49,438		51,500
5.500%, 11/1/32		531,773		522,530
5.500%, 1/1/33		971,495		954,610
5.500%, 2/1/33		2,091,532		2,055,051
5.474%, 3/1/33 (l)		220,088		220,294
5.500%, 3/1/33		4,492,615		4,401,097
5.500%, 4/1/33		2,538,374		2,493,406
5.500%, 6/1/33		28,779,344		28,270,341
5.500%, 7/1/33		116,755		114,686
5.500%, 8/1/33		130,992		128,671
5.500%, 10/1/33		984,869		967,422
6.500%, 10/1/33		7,083		7,248
5.500%, 11/1/33		937,581		920,971
5.500%, 12/1/33		384,498		377,686
5.500%, 2/1/34		10,425,109		10,239,305
6.000%, 2/1/34		4,052,171		4,072,636
5.500%, 3/1/34		6,656,269		6,533,086
5.500%, 4/1/34		13,169,511		12,935,821
5.500%, 5/1/34		14,278,671		14,018,074
5.500%, 6/1/34		15,487,013		15,200,652
5.500%, 7/1/34		14,088,183		13,828,553
5.500%, 8/1/34		679,388		667,105
6.000%, 8/1/34		2,495,713		2,508,318
5.500%, 9/1/34		17,667,101		17,340,147
5.500%, 11/1/34		40,121,755		39,379,247
5.500%, 12/1/34		384,341		377,228
5.500%, 1/1/35		53,531,268		52,540,598
5.500%, 2/1/35		87,345,769		85,809,139
5.500%, 3/1/35		10,469,142		10,268,066
6.000%, 3/1/35		17,576		17,617
6.000%, 4/1/35		13,504,580		13,584,042
5.500%, 5/1/35		525,711		516,398
6.000%, 5/1/35		770,952		772,763
6.000%, 7/1/35		488,786		489,934
5.500%, 8/1/35		8,688,394		8,527,603
6.000%, 8/1/35		1,502,200		1,505,728
6.000%, 9/1/35		1,769,336		1,773,491
5.000%, 10/1/35		552,108		527,506
5.500%, 10/1/35		1,723,024		1,689,724
6.000%, 10/1/35		3,431,849		3,439,908
5.000%, 11/1/35		10,211,396		9,756,368
5.500%, 11/1/35		2,226,762		2,183,727
6.000%, 11/1/35		2,716,570		2,722,951
5.500%, 12/1/35		8,471,086		8,314,317
6.000%, 12/1/35		33,620		33,699
5.214%, 1/1/36 (l)		4,051,093		4,069,751
6.000%, 1/1/36		962,622		964,883
6.000%, 2/1/36		7,205,766		7,218,363
6.500%, 2/1/36		752,766		766,579
6.000%, 3/1/36		3,719,840		3,726,450
6.000%, 4/1/36		97,059		97,221
6.500%, 4/1/36		602,373		613,427
6.000%, 5/1/36		2,710,840		2,715,354
6.500%, 5/1/36		641,774		653,551
5.500%, 6/1/36		933,916		914,929
6.000%, 6/1/36		450,301		451,051
6.500%, 6/1/36		392,917		400,127
5.000%, 7/1/36		67,755,429		64,650,093
5.500%, 7/1/36		468,940		459,406
6.000%, 7/1/36		2,946,441		2,951,494
6.500%, 7/1/36		2,929,441		2,983,196
6.000%, 8/1/36		876,738		878,198
6.500%, 8/1/36		578,739		589,359
6.000%, 9/1/36		2,407,164		2,411,172
6.500%, 9/1/36		20,755,941		21,136,814
6.000%, 10/1/36		1,282,853		1,284,989
6.500%, 10/1/36		3,399,043		3,461,415
5.500%, 11/1/36		500,000		489,835
6.000%, 11/1/36		1,580,750		1,583,382
6.500%, 11/1/36		512,640		522,047
6.000%, 12/1/36		1,447,159		1,449,568
6.500%, 12/1/36		25,139,459		25,600,769
5.500%, 1/1/37		8,498,655		8,325,788
6.000%, 1/1/37		198,416		198,746
6.500%, 1/1/37		6,688,058		6,810,784
7.000%, 1/1/37		88,877		91,734
5.000%, 2/1/37		999,901		953,778
5.500%, 2/1/37		2,494,139		2,443,004
6.500%, 2/1/37		11,210,434		11,416,064
5.500%, 3/1/37		3,509,704		3,437,747
6.500%, 3/1/37		41,398,667		42,158,159
5.000%, 4/1/37		667,315		636,534
5.500%, 4/1/37		12,775,215		12,513,294
6.000%, 4/1/37		10,133,579		10,148,734
6.500%, 4/1/37		145,138		147,786
5.000%, 5/1/37		3,350,182		3,195,647
5.370%, 5/1/37 (l)		7,085,827		7,099,659
5.500%, 5/1/37		4,981,900		4,880,616
5.500%, 5/1/37		1,154,788		1,131,112
5.915%, 5/1/37 (l)		3,929,398		3,934,390
5.000%, 6/1/37		1,400,406		1,335,810
5.500%, 6/1/37		4,961,859		4,860,130
5.000%, 7/1/37		84,752		80,843
5.500%, 7/1/37		8,716,808		8,538,094
6.500%, 7/1/37		13,986,762		14,241,989
5.000%, 8/1/37		497,116		474,185
5.500%, 8/1/37		19,004,322		18,614,691
6.000%, 8/1/37		2,995,419		2,999,899
6.500%, 8/1/37		1,077,468		1,097,129
5.000%, 9/1/37		14,000,000		13,382,032
6.000%, 9/1/37		83,582,406		83,686,522
6.500%, 9/1/37		23,109,111		23,536,990
7.310%, 12/1/40 (l)		157,766		159,626
4.500%, 10/25/22 TBA		22,500,000		21,663,270
5.000%, 10/25/22 TBA		1,600,000		1,568,000
5.500%, 10/25/22 TBA		800,000		798,000
5.000%, 10/25/37 TBA		108,500,000		103,481,875
5.500%, 10/25/37 TBA		186,500,000		182,653,437
6.000%, 10/25/37 TBA		107,500,000		107,634,375
6.500%, 10/25/37 TBA		59,800,000		60,883,875
Government National Mortgage Association
5.750%, 7/20/27 (l)		10,791		10,888
6.000%, 9/15/28		13,126		13,259
6.000%, 11/15/28		22,842		23,069
6.000%, 1/15/29		64,732		65,356
6.000%, 2/15/29		21,558		21,766
6.500%, 5/15/29		39,291		40,296
6.000%, 6/15/29		29,843		30,131
7.000%, 9/15/31		48,874		51,201
7.000%, 10/15/31		9,123		9,551
6.000%, 11/15/31		13,834		13,962
6.000%, 12/15/31		91,333		92,179
7.000%, 2/15/32		45,144		47,263
7.000%, 4/15/32		25,710		26,917
7.000%, 5/15/32		26,682		27,943
6.000%, 7/15/32		53,454		53,916
6.000%, 1/15/33		51,192		51,615

27

AXA PREMIER VIP TRUST

MULTIMANAGER CORE BOND PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2007 (Unaudited)

	Principal Amount		Value (Note 1)
6.000%, 2/15/33	$	86,037	$	86,747
7.000%, 2/15/33		38,796		40,619
5.500%, 4/15/33		143,126		141,345
6.000%, 9/15/34		1,950,332		1,964,986
6.000%, 12/15/34		167,413		168,671
6.000%, 1/15/35		730,490		735,477
6.000%, 2/15/35		308,366		310,471
6.000%, 3/15/35		1,370,913		1,380,272
6.000%, 5/15/35		91,284		91,907
6.000%, 7/15/35		784,819		790,420
6.000%, 9/15/35		94,284		94,928
6.000%, 10/15/35		285,525		287,474
6.000%, 12/15/35		466,973		470,161
6.000%, 1/15/36		187,460		188,676
6.000%, 2/15/36		319,154		321,226
6.000%, 3/15/36		240,400		241,961
6.000%, 4/15/36		269,617		271,368
6.000%, 5/15/36		1,547,280		1,557,326
6.000%, 6/15/36		2,159,259		2,173,279
6.000%, 7/15/36		4,025,179		4,051,314
6.000%, 8/15/36		4,155,375		4,182,630
6.000%, 9/15/36		3,022,393		3,042,017
6.000%, 10/15/36		4,783,808		4,814,868
6.000%, 7/20/37		7,971,310		8,010,242
5.500%, 10/15/37 TBA		6,000,000		5,894,063
6.000%, 10/15/37 TBA		49,100,000		49,307,143
6.500%, 10/15/37 TBA		6,000,000		6,129,375
Resolution Funding Corp., STRIPS
(Zero Coupon), 7/15/18		75,000		44,109
(Zero Coupon), 10/15/18		75,000		43,497
Small Business Administration
4.524%, 2/10/13		644,983		630,215
4.504%, 2/1/14		737,960		704,790
U.S. Department of Housing and Urban Development, Series 03-A
5.380%, 8/1/18		1,660,000		1,669,357
				1,854,735,300
U.S. Treasuries (3.2%)
U.S. Treasury Bonds
6.125%, 8/15/29		5,900,000		6,882,716
4.750%, 2/15/37		1,300,000		1,282,024
U.S. Treasury Notes
4.750%, 12/31/08		75,800,000		76,480,987
5.125%, 6/30/11		7,970,000		8,247,085
				92,892,812
Total Government Securities				2,136,590,000
Health Care (0.6%)
Biotechnology (0.1%)
Amgen, Inc.
5.585%, 11/28/08 §(l)		4,710,000		4,714,371
Health Care Providers & Services (0.4%)
Community Health Systems, Inc.
8.875%, 7/15/15^ §		4,500,000		4,623,750
HCA, Inc.
9.250%, 11/15/16 §		7,000,000		7,437,500
				12,061,250
Pharmaceuticals (0.1%)
Bristol-Myers Squibb Co.
5.875%, 11/15/36		1,925,000		1,836,014
6.875%, 8/1/97		150,000		153,660
				1,989,674
Total Health Care				18,765,295
Industrials (0.2%)
Airlines (0.0%)
Continental Airlines, Inc., Series 99-2
7.056%, 9/15/09		850,000		860,625
United Air Lines, Inc., Series 01-1
6.602%, 9/1/13		184,870		185,332
				1,045,957
Commercial Services & Supplies (0.2%)
Allied Waste North America, Inc.
7.875%, 4/15/13^		4,500,000		4,646,250
Industrial Conglomerates (0.0%)
General Electric Co.
5.000%, 2/1/13		1,081,000		1,071,559
Total Industrials				6,763,766
Information Technology (0.1%)
Computers & Peripherals (0.1%)
International Business Machines Corp.
5.700%, 9/14/17		2,890,000		2,905,141
Total Information Technology				2,905,141
Materials (0.1%)
Metals & Mining (0.1%)
Teck Cominco Ltd.
6.125%, 10/1/35		1,075,000		1,006,559
Paper & Forest Products (0.0%)
Koch Forest Products, Inc.
7.345%, 12/20/12 (l)		47,619		46,579
7.353%, 12/20/12 (l)		761,905		745,275
7.364%, 12/20/12 (l)		175,476		171,646
				963,500
Total Materials				1,970,059
Telecommunication Services (1.1%)
Diversified Telecommunication Services (0.8%)
AT&T Corp.
7.300%, 11/15/11		38,000		40,823
8.000%, 11/15/31		698,000		849,261
AT&T, Inc.
6.500%, 9/1/37		6,500,000		6,702,130
BellSouth Corp.
4.240%, 4/26/08 §		3,600,000		3,579,070
5.658%, 8/15/08 (l)		3,000,000		2,997,171
Citizens Communications Co.
9.000%, 8/15/31		65,000		65,975
New England Telephone & Telegraph Co.
7.875%, 11/15/29		25,000		27,778
Qwest Communications International, Inc.
9.058%, 2/15/09^ (l)		667,000		673,670
Qwest Corp.
7.625%, 6/15/15		1,580,000		1,655,050
Telecom Italia Capital S.A.
5.250%, 10/1/15		1,575,000		1,495,192
6.000%, 9/30/34^		210,000		195,261
Telefonica Emisiones S.A.U.
6.421%, 6/20/16		1,050,000		1,077,462
7.045%, 6/20/36		950,000		1,011,922
Telefonica Europe B.V.
7.750%, 9/15/10		550,000		587,290
Verizon Communications, Inc.
5.350%, 2/15/11^		600,000		605,156
6.940%, 4/15/28		225,000		233,837
7.750%, 6/15/32^		425,000		490,528

28

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MULTIMANAGER CORE BOND PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2007 (Unaudited)

	Principal Amount		Value (Note 1)
Verizon Maryland, Inc., Series B
5.125%, 6/15/33^	$	465,000	$	383,693
Verizon New Jersey, Inc., Series A
5.875%, 1/17/12		1,040,000		1,057,914
				23,729,183
Wireless Telecommunication Services (0.3%)
America Movil S.A.B. de C.V.
5.300%, 6/27/08 §(l)		1,000,000		998,950
Vodafone Group plc
5.288%, 12/28/07 (l)		4,165,000		4,162,921
7.750%, 2/15/10		1,985,000		2,095,807
				7,257,678
Total Telecommunication Services				30,986,861
Utilities (1.3%)
Electric Utilities (0.7%)
Appalachian Power Co., Series G
3.600%, 5/15/08		650,000		641,967
CenterPoint Energy Resources Corp.
6.150%, 5/1/16^		1,000,000		998,030
Dayton Power & Light Co.
5.125%, 10/1/13		900,000		879,419
Edison Mission Energy
7.750%, 6/15/16^		3,200,000		3,312,000
Enel Finance International S.A.
6.250%, 9/15/17^§		7,200,000		7,226,662
Florida Power & Light Co.
4.950%, 6/1/35		875,000		744,567
Florida Power Corp.
5.900%, 3/1/33		275,000		264,224
Pepco Holdings, Inc.
6.450%, 8/15/12		2,130,000		2,218,237
Scottish Power plc
4.910%, 3/15/10		1,100,000		1,090,530
TXU Electric Delivery Co.
6.069%, 9/16/08 §(l)		1,500,000		1,484,745
				18,860,381
Gas Utilities (0.0%)
Consolidated Natural Gas Co., Series A
5.000%, 3/1/14		250,000		239,676
Southern Natural Gas Co.
6.125%, 9/15/08		300,000		301,039
				540,715
Independent Power Producers & Energy Traders (0.2%)
Dynegy Holdings, Inc.
7.500%, 6/1/15^§		6,300,000		6,079,500
Multi-Utilities (0.4%)
CMS Energy Corp.
9.875%, 10/15/07^		1,430,000		1,431,638
Dominion Resources, Inc., Series B
5.755%, 11/14/08 (l)		1,500,000		1,500,873
Series D
5.125%, 12/15/09		150,000		149,573
Energy East Corp.
6.750%, 7/15/36		950,000		969,617
Ipalco Enterprises, Inc.
8.375%, 11/14/08		3,290,000		3,355,800
Midamerican Energy Holdings Co.
5.950%, 5/15/37		2,350,000		2,219,643
6.500%, 9/15/37 §		2,000,000		2,021,608
PSEG Power LLC
6.950%, 6/1/12		400,000		421,894
				12,070,646
Total Utilities				37,551,242
Total Long-Term Debt Securities (118.0%) (Cost $3,408,171,667)				3,400,354,145
SHORT-TERM INVESTMENTS:
Commercial Paper (3.8%)
Bank of America Corp.
5.30%, 11/20/07 (p)		28,500,000		28,287,456
UBS Finance Delaware LLC
4.75%, 10/1/07 (p)		38,600,000		38,594,907
5.61%, 11/7/07 (p)		4,900,000		4,871,154
Westpac Banking Corp.
5.71%, 11/8/07 (n)(p)		39,800,000		39,555,210
Total Commercial Paper				111,308,727
Government Securities (1.8%)
Belgium Treasury Bills
3.71%, 11/15/07 (p)	EUR	6,100,000		8,657,220
Bundesschatzanweisungen
2.75%, 12/14/07		4,000,000		5,688,513
Federal Home Loan Bank
4.00%, 10/1/07 (o)(p)	$	2,100,000		2,099,767
France Treasury Bills
3.58%, 10/4/07 (p)	EUR	8,800,000		12,543,366
3.64%, 10/31/07 (p)		5,000,000		7,107,465
3.55%, 11/8/07 (p)		7,950,000		11,292,923
U.S. Treasury Bills
3.63%, 12/13/07 (p)#	$	4,090,000		4,059,746
Total Government Securities				51,449,000
Short-Term Investments of Cash Collateral for Securities Loaned (2.8%)
Banco Bilbao Vizcaya Argentaria S.A.
5.28%, 10/1/07		1,322,582		1,322,582
Banco de Sabadell S.A.
5.40%, 4/23/09 (l)		862,554		862,554
Banesto S.A./Madrid
5.33%, 12/27/07		2,156,384		2,156,384
Barclays plc/Seoul
5.22%, 10/29/07		1,437,590		1,437,590
BBVA Senior Finance S.A.
5.75%, 3/12/10 (l)		632,540		632,540
Beta Finance, Inc.
4.87%, 1/31/08 (l)		115,007		115,007
4.87%, 3/10/08 (l)		287,490		287,490
BNP Paribas S.A.
5.20%, 10/1/07		3,085,067		3,085,067
CIT Group Holdings, Inc.
5.38%, 6/18/08 (l)		1,380,086		1,380,086
Citigroup Funding, Inc.
4.86%, 3/16/09 (l)		862,554		862,554
Citigroup Global Markets, Inc.
5.40%, 10/5/07 (l)		673,309		673,309
Comerica Bank
5.78%, 3/16/09 (l)		287,492		287,492
Commerzbank AG/Frankfurt
5.20%, 10/1/07		209,888		209,888
Crown Point Capital Co. LLC, Series C
5.38%, 10/18/07		397,538		397,538
DekaBank Deutsche Girozentrale
5.38%, 10/28/08 (l)		747,547		747,547
Den Danske Bank/London
5.50%, 10/1/07		3,593,974		3,593,974
Deutsche Bank AG/London
4.84%, 10/18/07 (l)		1,725,107		1,725,107

29

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MULTIMANAGER CORE BOND PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2007 (Unaudited)

	Principal Amount			Value (Note 1)
Deutsche Bank AG/New York
5.35%, 1/22/08 (l)	$	287,518		$	287,518
Dexia Bank
5.13%, 10/1/07		1,437,590			1,437,590
Fenway Funding LLC
5.37%, 10/2/07		1,616,896			1,616,896
Fifth Third Bancorp
5.14%, 8/22/08 (l)		86,255			86,255
First Tennessee Bank
5.77%, 8/15/08 (l)		2,587,485			2,587,485
General Electric Capital Corp.
4.90%, 3/12/10 (l)		115,007			115,007
Glitnir banki hf
5.62%, 8/15/08 (l)		1,437,590			1,437,590
Goldman Sachs Group, Inc.
5.73%, 12/3/07 (l)		316,270			316,270
5.37%, 8/18/08 (l)		575,036			575,036
4.91%, 3/27/09 (l)		805,050			805,050
Hartford Life, Inc.
5.80%, 9/26/08 (l)		230,014			230,014
ING Bank N.V./United States
5.85%, 12/28/07 (l)		2,156,384			2,156,384
IXIS Corporate & Investment Bank
5.28%, 10/1/07		2,875,179			2,875,179
K2 (USA) LLC
4.87%, 5/29/09 (l)		1,149,519			1,149,519
4.87%, 6/18/09 (l)		1,436,836			1,436,836
Kommunalkredit Austria AG
5.83%, 7/8/08 (l)		1,725,053			1,725,053
Lehman Brothers Holdings, Inc.
5.50%, 12/28/07 (l)		100,631			100,631
5.60%, 8/21/09 (l)		718,785			718,785
Links Finance LLC
4.87%, 6/25/09 (l)		431,088			431,088
Mane Funding Corp.
5.25%, 10/1/07		2,873,921			2,873,921
Market Street Funding Corp.
5.30%, 10/1/07		2,873,909			2,873,909
MBIA Global Funding LLC
4.87%, 3/30/09 (l)		718,795			718,795
Monumental Global Funding II
4.86%, 4/25/08 (l)		345,021			345,021
4.93%, 5/26/10 (l)		1,351,334			1,351,334
Morgan Stanley
5.40%, 5/7/09 (l)		1,437,590			1,437,590
Morgan Stanley, Repurchase Agreement
5.15%, 10/1/07 (r)		14,189,027			14,189,027
5.35%, 10/1/07 (r)		2,012,625			2,012,625
Natexis Banques Populaires N.Y.
4.87%, 1/28/08 (l)		862,554			862,554
New York Life Insurance Co.
5.42%, 12/28/07 (l)		977,561			977,561
Pricoa Global Funding I
4.90%, 6/25/10 (l)		862,316			862,316
Rheingold Securitization Ltd.
5.35%, 10/25/07		2,127,604			2,127,604
5.35%, 1/7/08		701,285			701,285
Royal Bank of Scotland plc/London
5.30%, 10/1/07		2,875,179			2,875,179
Simba Funding Corp.
5.25%, 10/1/07		2,873,921			2,873,921
Three Pillars Funding Corp.
5.25%, 10/1/07		2,873,921			2,873,921
Wachovia Bank N.A.
4.87%, 10/2/08 (l)		287,518			287,518
Total Short-Term Investments of Cash Collateral for Securities Loaned					80,108,976
Time Deposit (2.6%)
JPMorgan Chase Nassau
4.43%, 10/1/07		74,022,665			74,022,665
Total Short-Term Investments (11.0%) (Cost/Amortized Cost $315,149,209)					316,889,368
	Number of Contracts
OPTIONS PURCHASED:
Put Options Purchased (0.0%)
EuroDollar Futures
November 2007 @ $85.25*		22,000,000			87
December 2007 @ $85.00*		90,000,000			4,770
December 2007 @ $91.50*		720			4,500
December 2007 @ $92.00*		1,490			9,313
March 2008 @$93.00*		2,190			13,688
June 2008 @ $92.50*		6,700			41,875
June 2008 @ $93.00*		5,407			33,794
Total Options Purchased (0.0%) (Cost $169,941)					108,027
Total Investments Before Securities Sold Short (129.0%) (Cost/Amortized Cost $3,723,490,817)					3,717,351,540
	Principal Amount
SECURITIES SOLD SHORT:
U.S. Government Agencies (-2.8%)
Federal Home Loan Mortgage Corp.
5.000%, 10/15/37 TBA	$	(4,500,000	)		(4,291,875	)
Federal National Mortgage Association
5.500%, 10/15/37 TBA		(5,100,000	)		(4,994,812	)
6.000%, 10/15/37 TBA		(10,200,000	)		(10,212,750	)
5.000%, 11/15/37 TBA		(45,000,000	)		(42,904,710	)
Government National Mortgage Association
5.500%, 10/15/37 TBA		(100,000	)		(98,594	)
6.000%, 10/15/37 TBA		(17,100,000	)		(17,206,875	)
Total Securities Sold Short (-2.8%) (Proceeds Received $79,639,336 )					(79,709,616	)
Total Investments (126.2%) (Cost/Amortized Cost $3,643,851,481 )					3,637,641,924
Other Assets Less Liabilities (-26.2%)					(756,854,555	)
Net Assets (100%)				$	2,880,787,369

30

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MULTIMANAGER CORE BOND PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2007 (Unaudited)

* Non-income producing.

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

† Securities (totaling $6,828,471 or 0.24% of net assets) valued at fair value.

§ Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may only be resold to qualified institutional buyers. At September 30, 2007, the market value of these securities amounted to $170,277,308 or 5.91% of net assets. Securities denoted with “§” but without “(b)”have been determined to be liquid under the guidelines established by the Board of Trustees. To the extent any securities might provide a right to demand registration, such rights have not been relied upon when determining liquidity.

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

(b) Illiquid security.

(e) Step Bond - Coupon rate increases in increments to maturity. Rate disclosed is as of September 30, 2007. Maturity date disclosed is the ultimate maturity date.

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

ABS — Asset-Backed Security

BRL — Brazilian Real

CMO — Collateralized Mortgage Obligation

EUR — European Currency Unit

IO — Interest only

JPY — Japanese Yen

STRIPS— Separate Trading of Registered Interest and Principal of Securities

TBA — Security is subject to delayed delivery.

At September 30, 2007 the Portfolio had the following futures contracts open: (Note 1)

Purchase	Number of Contracts	Expiration Date	Original Value		Value at 9/30/07		Unrealized Appreciation/ (Depreciation)
British Pound Sterling 90-Day	1,511	December-07	$	362,827,991	$	363,097,382	$	269,391
British Pound Sterling 90-Day	250	March-08		60,408,016		60,312,244		(95,772	)
U.S. Treasury Bonds	480	December-07		53,266,337		53,445,000		178,663
U.S. 10 Year Treasury Notes	617	December-07		67,686,448		67,426,531		(259,917	)
U.S. 2 Year Treasury Notes	96	December-07		19,809,000		19,876,500		67,500
U.S. 5 Year Treasury Notes	349	December-07		37,083,976		37,353,906		269,930
EURODollar	253	December-07		60,051,796		60,185,537		133,741
EURODollar	3,907	March-08		928,938,087		932,600,900		3,662,813
EURODollar	6,188	June-08		1,466,763,950		1,479,318,750		12,554,800
							$	16,781,149
Sales
U.S. Treasury Bonds	66	December-07	$	7,303,313	$	7,348,688	$	(45,375	)
U.S. 2 Year Treasury Notes	219	December-07		45,274,354		45,343,266		(68,912	)
U.S. 5 Year Treasury Notes	411	December-07		43,914,877		43,989,844		(74,967	)
U.S. 10 Year Treasury Notes	4,377	December-07		474,494,156		478,324,031		(3,829,875	)
							$	(4,019,129	)
							$	12,762,020

31

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MULTIMANAGER CORE BOND PORTFOLIO

PORTFOLIO OF INVESTMENTS (Concluded)

September 30, 2007 (Unaudited)

At September 30, 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
Brazilian Real, expiring 10/2/07	13,590	$	6,933,673	$	7,414,075	$	480,402
European Union, expiring 10/4/07	6,140		8,389,634		8,755,783		366,149
European Union, expiring 10/4/07	13,420		18,635,012		19,137,233		502,221
Japanese Yen, expiring 10/25/07	2,324,523		20,159,252		20,295,736		136,484
						$	1,485,256
Foreign Currency Sell Contracts
Brazilian Real, expiring 10/2/07	13,590	$	7,200,000	$	7,414,075	$	(214,075	)
Brazilian Real, expiring 3/4/08	13,590		6,837,735		7,283,226		(445,491	)
European Union, expiring 10/4/07	28,891		39,121,303		41,199,240		(2,077,937	)
European Union, expiring 10/4/07	6,047		8,214,880		8,623,163		(408,283	)
European Union, expiring 10/4/07	8,700		11,887,593		12,406,403		(518,810	)
European Union, expiring 10/4/07	10,320		14,100,319		14,716,561		(616,242	)
European Union, expiring 10/4/07	7,907		10,989,149		11,275,567		(286,418	)
Japanese Yen, expiring 10/25/07	1,629,484		13,508,216		14,227,253		(719,037	)
Japanese Yen, expiring 10/25/07	1,730,000		14,761,344		15,104,872		(343,528	)
							(5,629,821	)
						$	(4,144,565	)

Options written for the nine months ended September 30, 2007 were as follows:

	Total Number of Contracts		Total Premiums Received
Options Outstanding—January 1, 2007	—		$	—
Options Written	66,000,000			534,600
Options Terminated in Closing Purchase Transactions	(66,000,000	)		(534,600	)
Options Expired	—			—
Options Exercised	—			—
Options Outstanding—September 30, 2007	—		$	—

Investment security transactions for the nine months ended September 30, 2007 were as follows:

Cost of Purchases:
Stocks and long-term corporate debt securities	$	1,979,232,612
Long-term U.S. Treasury securities		3,410,546,573
	$	5,389,779,185
Net Proceeds of Sales and Redemptions:
Stocks and long-term corporate debt securities	$	1,820,015,689
Long-term U.S. Treasury securities		3,457,242,214
	$	5,277,257,903

As of September 30, 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	$	21,609,752
Aggregate gross unrealized depreciation		(29,389,075	)
Net unrealized depreciation	$	(7,779,323	)
Federal income tax cost of investments	$	3,725,130,863

At September 30, 2007, the Portfolio had loaned securities with a total value of $79,927,798. This was secured by collateral of $80,108,976 which was received as cash and subsequently invested in short-term investments as reported in the portfolio of investments. The remaining collateral of $824,585 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 Portfolio of Investments.

32

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MULTIMANAGER HEALTH CARE PORTFOLIO

PORTFOLIO OF INVESTMENTS

September 30, 2007 (Unaudited)

	Number of Shares	Value (Note 1)
COMMON STOCKS:
Consumer Staples (2.1%)
Food & Staples Retailing (1.7%)
CVS Caremark Corp	144,198	$	5,714,567
Longs Drug Stores Corp.^	30,500		1,514,935
Rite Aid Corp.*^	35,200		162,624
			7,392,126
Personal Products (0.4%)
American Oriental Bioengineering, Inc.*^	31,900		355,685
Herbalife Ltd	25,558		1,161,866
			1,517,551
Total Consumer Staples			8,909,677
Financials (0.0%)
Insurance (0.0%)
Odontoprev S.A	1,500		46,628
Total Financials			46,628
Health Care (95.1%)
Biotechnology (22.7%)
ACADIA Pharmaceuticals, Inc.*^	66,896		1,006,785
Alexion Pharmaceuticals, Inc.*^ . .	32,611		2,124,607
Altus Pharmaceuticals, Inc.*^	23,743		249,064
Amgen, Inc.*	144,991		8,202,141
Amylin Pharmaceuticals, Inc.*^	98,778		4,938,900
Applera Corp.- Celera Group*^ . .	158,365		2,226,612
Arena Pharmaceuticals, Inc.*^	26,954		295,146
Array BioPharma, Inc.*^	26,277		295,091
Avigen, Inc.*	45,229		244,237
Biogen Idec, Inc.*	40,976		2,717,938
BioMarin Pharmaceuticals, Inc.*^.	84,481		2,103,577
Celgene Corp.*	133,150		9,494,926
Cephalon, Inc.*^	68,310		4,990,729
Cubist Pharmaceuticals, Inc.*^	81,035		1,712,271
CV Therapeutics, Inc.*^	69,900		627,702
Cytokinetics, Inc.*^	175,800		900,096
Genentech, Inc.*	18,971		1,480,117
Genzyme Corp.*	113,316		7,021,059
Gilead Sciences, Inc.*	282,842		11,559,753
Human Genome Sciences, Inc.*^	316,102		3,252,690
ImClone Systems, Inc.*	20,205		835,275
Incyte Corp.*^	136,325		974,724
InterMune, Inc.*^	12,490		238,934
Keryx Biopharmaceuticals, Inc.*^.	35,179		349,679
MannKind Corp.*^	10,437		101,030
Medarex, Inc.*^	72,108		1,021,049
Millennium Pharmaceuticals, Inc.*	267,100		2,711,065
Myriad Genetics, Inc.*^	16,129		841,127
NPS Pharmaceuticals, Inc.*^	23,600		135,700
Onyx Pharmaceuticals, Inc.*^	62,350		2,713,472
OSI Pharmaceuticals, Inc.*^	58,800		1,998,612
PDL BioPharma, Inc.*^	87,827		1,897,941
Progenics Pharmaceuticals, Inc.*^.	125,300		2,770,383
Regeneron Pharmaceuticals, Inc.*^	87,900		1,564,621
Theravance, Inc.*^	106,627		2,781,898
United Therapeutics Corp.*^	84,477		5,621,100
Vanda Pharmaceuticals, Inc.*^	18,799		261,494
Vertex Pharmaceuticals, Inc.*^	81,915		3,146,355
ZymoGenetics, Inc.*^	187,516		2,447,084
			97,854,984
Health Care Distributors (2.8%)
AmerisourceBergen Corp	58,737		2,662,548
Animal Health International, Inc.*^	65,764		731,954
Cardinal Health, Inc	89,609		5,603,251
McKesson Corp	25,379		1,492,031
PharMerica Corp.*^	40,400		602,768
Profarma Distribuidora de Produtos Farmaceuticos S.A.*	40,100		787,562
			11,880,114
Health Care Equipment (15.0%)
American Medical Systems Holdings, Inc.*^	37,412		634,134
Baxter International, Inc	51,800		2,915,304
Beckman Coulter, Inc.^	47,900		3,533,104
Covidien Ltd.*	26,465		1,098,297
Cytyc Corp.*	66,780		3,182,067
DexCom, Inc.*^	81,677		815,953
DiaSorin S.p.A.*	49,367		908,094
Gen-Probe, Inc.*	31,800		2,117,244
Hologic, Inc.*^	26,780		1,633,580
Hospira, Inc.*	90,349		3,744,966
Kyphon, Inc.*^	54,000		3,780,000
Medtronic, Inc	332,716		18,768,510
Northstar Neuroscience, Inc.*^	64,615		721,103
NxStage Medical, Inc.*^	53,474		774,838
ResMed, Inc.*^	26,854		1,151,231
Respironics, Inc.*	44,821		2,152,753
Smith & Nephew plc	120,162		1,468,961
St. Jude Medical, Inc.*	109,720		4,835,360
Stryker Corp	54,185		3,725,761
Symmetry Medical, Inc.*^	43,549		727,268
Synthes, Inc	8,558		957,790
Thoratec Corp.*^	34,804		720,095
Varian Medical Systems, Inc.*	24,602		1,030,578
Zimmer Holdings, Inc.*	43,350		3,510,917
			64,907,908
Health Care Facilities (1.8%)
Assisted Living Concepts, Inc., Class A*^	71,338		652,029
Community Health Systems, Inc.*	47,095		1,480,667
Health Management Associates, Inc., Class A^	200,800		1,393,552
Rhoen-Klinikum AG	42,080		1,347,089
Skilled Healthcare Group, Inc.*^ .	44,952		707,994
Tenet Healthcare Corp.*	311,450		1,046,472
Universal Health Services, Inc., Class B	20,000		1,088,400
			7,716,203
Health Care Services (4.0%)
athenahealth, Inc.*	3,428		116,243
DaVita, Inc.*	18,071		1,141,726
Express Scripts, Inc.*	113,969		6,361,750
Fresenius Medical Care AG & Co. KGaA (ADR)^	55,700		2,955,442
HMS Holdings Corp.*^	42,417		1,043,882
Laboratory Corp. of America Holdings*	14,803		1,158,039
Medco Health Solutions, Inc.*	48,185		4,355,442
			17,132,524
Health Care Supplies (0.3%)
Cooper Cos., Inc.^	19,944		1,045,465
Xtent, Inc.*^	45,200		384,200
			1,429,665
Health Care Technology (0.9%)
Eclipsys Corp.*^	91,320		2,129,582
IMS Health, Inc	24,200		741,488
TriZetto Group, Inc.*^	20,145		352,739
Vital Images, Inc.*^	41,862		817,147
			4,040,956
Life Sciences Tools & Services (6.4%)
AMAG Pharmaceuticals, Inc.*^	11, 998		686,286

33

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MULTIMANAGER HEALTH CARE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2007 (Unaudited)

	Number of Shares		Value (Note 1)
Applera Corp.- Applied Biosystems Group		44,008	$	1,524,437
Charles River Laboratories International, Inc.*		32,933		1,849,188
Covance, Inc.*		35,915		2,797,778
Exelixis, Inc.*^		96,000		1,016,640
Gerresheimer AG*		22,482		1,218,212
Invitrogen Corp.*^		17,687		1,445,558
MDS, Inc		68,672		1,483,699
Millipore Corp.*^		28,326		2,147,111
Pharmaceutical Product Development, Inc.^		112,410		3,983,810
Thermo Fisher Scientific, Inc.*		146,529		8,457,654
Varian, Inc.*		12,967		824,831
Vermillion, Inc.*^		184,000		184,000
WuXi PharmaTech Cayman, Inc. (ADR)*		2,400		67,680
				27,686,884
Managed Health Care (6.3%)
Aetna, Inc		78,438		4,256,830
Coventry Health Care, Inc.*		60,360		3,754,996
Health Net, Inc.*		105,643		5,710,004
UnitedHealth Group, Inc		120,410		5,831,456
WellPoint, Inc.*		98,444		7,769,201
				27,322,487
Pharmaceuticals (34.9%)
Abbott Laboratories		299,334		16,050,289
Adams Respiratory Therapeutics, Inc.*^		43,413		1,673,137
Allergan, Inc		37,685		2,429,552
Astellas Pharma, Inc		84,300		4,043,817
AstraZeneca plc (Sponsored ADR)		89,302		4,471,351
AtheroGenics, Inc.*^		50,718		84,192
Barr Pharmaceuticals, Inc.*		32,900		1,872,340
Biodel, Inc.*		22,970		391,409
BioMimetic Therapeutics, Inc.*^		55,580		741,437
Bristol-Myers Squibb Co		79,300		2,285,426
Cadence Pharmaceuticals, Inc.*^		38,974		545,636
Cardiome Pharma Corp.*^		55,774		526,507
Daiichi Sankyo Co., Ltd		143,900		4,322,074
Drogasil S.A		82,586		674,925
EastPharma Ltd. (GDR)*†§		64,716		607,036
Eisai Co., Ltd		89,700		4,240,378
Elan Corp. plc (ADR)*^		142,400		2,996,096
Eli Lilly & Co		93,932		5,347,549
Endo Pharmaceuticals Holdings, Inc.*		90,992		2,821,662
Flamel Technologies, Inc. (ADR)*^		39,807		357,865
Forest Laboratories, Inc.*		104,200		3,885,618
H. Lundbeck A/S		29,700		806,710
Hikma Pharmaceuticals plc		95,519		820,813
Inspire Pharmaceuticals, Inc.*^		62,169		333,847
Ipsen		52,868		3,049,409
Johnson & Johnson		59,717		3,923,407
Laboratorios Almirall S.A.*		99,875		2,180,400
Matrixx Initiatives, Inc.*^		29,301		578,988
Medicines Co.*^		111,225		1,980,917
Merck & Co., Inc		172,520		8,917,559
Merck KGaA		14,249		1,718,933
MGI Pharma, Inc.*^		111,700		3,103,026
Novartis AG (ADR)		100,252		5,509,850
Novartis AG (Registered)		1,348		74,390
Pfizer, Inc		159,275		3,891,088
Pharmstandard OJSC (GDR)*†§		1,100		21,230
Pharmstandard OJSC (GDR)*§		16,900		326,170
Roche Holding AG		34,313		6,221,580
Sanofi-Aventis		23,396		1,981,007
Sanofi-Aventis (ADR)		98,324		4,170,904
Schering-Plough Corp		517,950		16,382,758
Shionogi & Co., Ltd		252,901		3,899,253
Shire plc (ADR)		80,352		5,944,441
Teva Pharmaceutical Industries Ltd. (ADR)^		90,225		4,012,306
UCB S.A. (Frankfurt Exchange)		37,548		2,215,550
UCB S.A. (Virt-x Exchange)		9,800		578,257
Wyeth		161,122		7,177,985
XenoPort, Inc.*^		9,800		461,090
				150,650,164
Total Health Care				410,621,889
Industrials (0.1%)
Machinery (0.1%)
Whatman plc		156,665		596,999
Total Industrials				596,999
Total Common Stocks (97.3%) (Cost $372,897,682)				420,175,193
	Principal Amount
SHORT-TERM INVESTMENTS:
Short-Term Investments of Cash Collateral for Securities Loaned (20.2%)
Banco Bilbao Vizcaya Argentaria S.A.
5.28%, 10/1/07	$	1,440,557		1,440,557
Banco de Sabadell S.A.
5.40%, 4/23/09 (l)		939,494		939,494
Banesto S.A./Madrid
5.33%, 12/27/07		2,348,735		2,348,735
Barclays plc/Seoul
5.22%, 10/29/07		1,565,823		1,565,823
BBVA Senior Finance S.A.
5.75%, 3/12/10 (l)		688,962		688,962
Beta Finance, Inc.
4.87%, 1/31/08 (l)		125,266		125,266
4.87%, 3/10/08 (l)		313,135		313,135
BNP Paribas S.A.
5.20%, 10/1/07		3,360,255		3,360,255
CIT Group Holdings, Inc.
5.38%, 6/18/08 (l)		1,503,191		1,503,191
Citigroup Funding, Inc.
4.86%, 3/16/09 (l)		939,494		939,494
Citigroup Global Markets, Inc.
5.40%, 10/5/07 (l)		733,369		733,369
Comerica Bank
5.78%, 3/16/09 (l)		313,136		313,136
Commerzbank AG/Frankfurt
5.20%, 10/1/07		228,610		228,610
Crown Point Capital Co. LLC, Series C
5.38%, 10/18/07		432,998		432,998
DekaBank Deutsche Girozentrale
5.38%, 10/28/08 (l)		814,228		814,228
Den Danske Bank/London
5.50%, 10/1/07		3,914,557		3,914,557
Deutsche Bank AG/London
4.84%, 10/18/07 (l)		1,878,988		1,878,988
Deutsche Bank AG/New York
5.35%, 1/22/08 (l)		313,165		313,165
Dexia Bank
5.13%, 10/1/07		1,565,823		1,565,823

34

AXA PREMIER VIP TRUST

MULTIMANAGER HEALTH CARE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2007 (Unaudited)

	Principal Amount		Value (Note 1)
Fenway Funding LLC
5.37%, 10/2/07	$	1,761,124	$	1,761,124
Fifth Third Bancorp
5.14%, 8/22/08 (l)		93,949		93,949
First Tennessee Bank
5.77%, 8/15/08 (l)		2,818,290		2,818,290
General Electric Capital Corp.
4.90%, 3/12/10 (l)		125,266		125,266
Glitnir banki hf
5.62%, 8/15/08 (l)		1,565,824		1,565,824
Goldman Sachs Group, Inc.
5.73%, 12/3/07 (l)		344,481		344,481
5.37%, 8/18/08 (l)		626,329		626,329
4.91%, 3/27/09 (l)		876,861		876,861
Hartford Life, Inc.
5.80%, 9/26/08 (l)		250,532		250,532
ING Bank N.V./United States
5.85%, 12/28/07 (l)		2,348,735		2,348,735
IXIS Corporate & Investment Bank
5.28%, 10/1/07		3,131,646		3,131,646
K2 (USA) LLC
4.87%, 5/29/09 (l)		1,252,056		1,252,056
4.87%, 6/18/09 (l)		1,565,002		1,565,002
Kommunalkredit Austria AG
5.83%, 7/8/08 (l)		1,878,929		1,878,929
Lehman Brothers Holdings, Inc.
5.50%, 12/28/07 (l)		109,608		109,608
5.60%, 8/21/09 (l)		782,901		782,901
Links Finance LLC
4.87%, 6/25/09 (l)		469,542		469,542
Mane Funding Corp.
5.25%, 10/1/07		3,130,276		3,130,276
Market Street Funding Corp.
5.30%, 10/1/07		3,130,263		3,130,263
MBIA Global Funding LLC
4.87%, 3/30/09 (l)		782,912		782,912
Monumental Global Funding II
4.86%, 4/25/08 (l)		375,798		375,798
4.93%, 5/26/10 (l)		1,471,874		1,471,874
Morgan Stanley
5.40%, 5/7/09 (l)		1,565,823		1,565,823
Morgan Stanley, Repurchase Agreement
5.15%, 10/1/07 (r)		15,454,692		15,454,692
5.35%, 10/1/07 (r)		2,192,152		2,192,152
Natexis Banques Populaires N.Y.
4.87%, 1/28/08 (l)		939,494		939,494
New York Life Insurance Co.
5.42%, 12/28/07 (l)		1,064,760		1,064,760
Pricoa Global Funding I
4.90%, 6/25/10 (l)		939,236		939,236
Rheingold Securitization Ltd.
5.35%, 10/25/07		2,317,387		2,317,387
5.35%, 1/7/08		763,840		763,840
Royal Bank of Scotland plc/London
5.30%, 10/1/07		3,131,646		3,131,646
Simba Funding Corp.
5.25%, 10/1/07		3,130,276		3,130,276
Three Pillars Funding Corp.
5.25%, 10/1/07		3,130,276		3,130,276
Wachovia Bank N.A.
4.87%, 10/2/08 (l)		313,165		313,165
Total Short-Term Investments of Cash Collateral for Securities Loaned				87,254,731
Time Deposit (2.4%)
JPMorgan Chase Nassau
4.43%, 10/1/07		10,218,323		10,218,323
Total Short-Term Investments (22.6%) (Amortized Cost $ 97,473,054 )				97,473,054
	Number of Contracts (c)
OPTIONS PURCHASED:
Call Option Purchased (0.0%)
Medtronic, Inc.
October-2007 @ $52.50*		590		265,500
Put Options Purchased (0.1%)
Amylin Pharmaceuticals, Inc.
January-2008 @ $ 35.00*		272		44,880
AstraZeneca plc (Sponsored ADR)
January-2008 @ $ 50.00 *†		128		—
Medtronic, Inc.
October-2007 @ $52.50*		1,889		34,002
Trimeris, Inc.
April-2008 @ $10.00*		1,128		372,240
				451,122
Total Options Purchased (0.1%) (Cost $835,727)				716,622
Total Investments (120.0%) (Cost/Amortized Cost $ 471,206,463)				518,364,869
Other Assets Less Liabilities (-20.0%)				(86,540,648	)
Net Assets (100%)			$	431,824,221

* Non-income producing.

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

† Securities (totaling $628,266 or 0.15% of net assets) valued at fair value.

§ Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may only be resold to qualified institutional buyers. At September 30, 2007, the market value of these securities amounted to $954,436 or 0.22% of net assets. Securities denoted with “§” but without “(b)”have been determined to be liquid under the guidelines established by the Board of Trustees. To the extent any securities might provide a right to demand registration, such rights have not been relied upon when determining liquidity.

(c) One contract relates to 100 shares.

(l) Floating Rate Security. Rate disclosed is as of September 30, 2007.

(r) The repurchase agreements are fully collateralized by U.S. gov ernment 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

35

AXA PREMIER VIP TRUST

MULTIMANAGER HEALTH CARE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Concluded)

September 30, 2007 (Unaudited)

Options written for the nine months ended September 30, 2007 were as follows:

	Total Number of Contracts		Total Premiums Received
Options Outstanding—January 1, 2007	—		$	—
Options Written	11,160			1,104,690
Options Terminated in Closing Purchase Transactions	(9,517	)		(947,330	)
Options Expired	(1,643	)		(157,360	)
Options Exercised	—			—
Options Outstanding—September 30, 2007	—		$	—

Investment security transactions for the nine months ended September 30, 2007 were as follows:

Cost of Purchases:
Stocks and long-term corporate debt securities	$	44,923,191
Net Proceeds of Sales and Redemptions:
Stocks and long-term corporate debt securities	$	51,951,327
As of September 30, 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	$	52,060,707
Aggregate gross unrealized depreciation		(13,031,311	)
Net unrealized appreciation	$	39,029,396
Federal income tax cost of investments	$	479,335,473

At September 30, 2007, the Portfolio had loaned securities with a total value of $85,379,941. This was secured by collateral of $87,254,731 which was received as cash and subsequently invested in short-term investments as reported in the portfolio of investments.

For the nine months ended September 30, 2007, the Portfolio incurred approximately $4,188 as brokerage commissions with Sanford C. Bernstein & Co., Inc., an affiliated broker/dealer.

See Notes to Portfolio of Investments.

36

AXA PREMIER VIP TRUST

MULTIMANAGER HIGH YIELD PORTFOLIO

PORTFOLIO OF INVESTMENTS

September 30, 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
6.300%, 5/10/31 (b)(l)	$	3,800,000	$	2,185,000
Triton Aviation Finance, Series 1A A1
6.523%, 6/15/25 (b)(l)		10,790,549		9,630,565
Total Asset-Backed and Mortgage-Backed Securities				11,815,565
Consumer Discretionary (23.0%)
Auto Components (2.5%)
American Tire Distributors, Inc.
11.481%, 4/1/12 §(l)		4,300,000		4,267,750
11.481%, 4/1/12^ (l)		4,500,000		4,466,250
ArvinMeritor, Inc.
8.750%, 3/1/12^		6,470,000		6,599,400
8.125%, 9/15/15		918,000		890,460
Cooper-Standard Automotive, Inc.
7.000%, 12/15/12^		4,205,000		3,847,575
Goodyear Tire & Rubber Co.
11.250%, 3/1/11		4,705,000		5,040,231
9.000%, 7/1/15^		5,130,000		5,476,275
Tenneco, Inc.
8.625%, 11/15/14^		6,550,000		6,599,125
Series B
10.250%, 7/15/13		3,550,000		3,807,375
TRW Automotive, Inc.
7.000%, 3/15/14^ §		2,190,000		2,124,300
7.250%, 3/15/17^ §		3,440,000		3,354,000
United Components, Inc.
9.375%, 6/15/13^		3,000,000		3,045,000
				49,517,741
Automobiles (1.2%)
Ford Motor Co.
8.875%, 1/15/22		2,000,000		1,720,000
7.500%, 8/1/26		3,000,000		2,257,500
7.450%, 7/16/31^		6,575,000		5,161,375
General Motors Corp.
7.125%, 7/15/13^		2,700,000		2,477,250
8.250%, 7/15/23^		9,300,000		8,137,500
8.100%, 6/15/24^		1,550,000		1,340,750
7.400%, 9/1/25		3,500,000		2,817,500
				23,911,875
Distributors (0.7%)
Buhrmann U.S., Inc.
8.250%, 7/1/14		2,000,000		1,890,000
7.875%, 3/1/15		1,700,000		1,589,500
SGS International, Inc.
12.000%, 12/15/13^		6,035,000		6,216,050
Varietal Distribution, Inc. (PIK)
10.250%, 7/15/15^ §		5,000,000		4,825,000
				14,520,550
Diversified Consumer Services (0.2%)
Service Corp. International
7.375%, 10/1/14		500,000		513,750
7.625%, 10/1/18		3,050,000		3,164,375
				3,678,125
Hotels, Restaurants & Leisure (3.2%)
Buffets, Inc.
12.500%, 11/1/14^		3,000,000		2,100,000
Choctaw Resort Development Enterprise, Inc.
7.250%, 11/15/19 §		3,876,000		3,813,015
Downstream Development Authority of the Quapaw Tribe of Oklahoma
12.000%, 10/15/15		4,000,000		3,900,000
El Pollo Loco, Inc.
11.750%, 11/15/13		4,000,000		4,120,000
Herbst Gaming, Inc.
8.125%, 6/1/12^		1,800,000		1,613,250
7.000%, 11/15/14		500,000		410,000
Icahn Enterprises LP
7.125%, 2/15/13^ §		6,775,000		6,453,187
Landry’s Restaurants, Inc., Series B
7.500%, 12/15/14		2,460,000		2,447,700
MGM MIRAGE
6.625%, 7/15/15		4,800,000		4,554,000
6.875%, 4/1/16		1,825,000		1,765,688
7.500%, 6/1/16^		2,925,000		2,906,719
Mirage Resorts, Inc.
7.250%, 8/1/17		3,060,000		2,968,200
Outback Steakhouse, Inc.
10.000%, 6/15/15^ §		4,000,000		3,540,000
Royal Caribbean Cruises Ltd.
7.250%, 3/15/18		3,000,000		2,908,476
Shingle Springs Tribal Gaming Authority
9.375%, 6/15/15^ §		3,000,000		3,030,000
Station Casinos, Inc.
6.500%, 2/1/14		150,000		132,000
6.875%, 3/1/16^		2,210,000		1,922,700
7.750%, 8/15/16^		3,985,000		3,945,150
Turning Stone Resort Casino Enterprise
9.125%, 12/15/10 §		4,075,000		4,156,500
Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp.
6.625%, 12/1/14^		6,679,000		6,545,420
				63,232,005
Household Durables (0.6%)
Blyth, Inc.
5.500%, 11/1/13		8,050,000		6,762,000
KB Home
7.750%, 2/1/10^		2,260,000		2,141,350
Legrand France S.A.
8.500%, 2/15/25^		3,000,000		3,510,000
				12,413,350
Leisure Equipment & Products (0.5%)
Travelport LLC
9.875%, 9/1/14		5,375,000		5,482,500
10.246%, 9/1/14 (l)		1,000,000		1,000,000
11.875%, 9/1/16^		2,382,000		2,495,145
				8,977,645
Media (11.5%)
Allbritton Communications Co.
7.750%, 12/15/12		5,783,000		5,840,830
AMC Entertainment, Inc.
8.000%, 3/1/14		2,000,000		1,905,000
11.000%, 2/1/16		4,990,000		5,314,350
Block Communications, Inc.
8.250%, 12/15/15 §		5,000,000		4,975,000
CanWest Media, Inc.
8.000%, 9/15/12^		5,010,700		4,910,486
CCH I Holdings LLC/CCH I Holdings Capital Corp.
11.000%, 10/1/15^		8,775,000		8,897,187
CCO Holdings LLC/CCO Holdings Capital Corp.
8.750%, 11/15/13^		12,600,000		12,663,000

37

AXA PREMIER VIP TRUST

MULTIMANAGER HIGH YIELD PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2007 (Unaudited)

	Principal Amount		Value (Note 1)
Charter Communications Holdings II LLC/Charter Communications Holdings II Capital Corp., Series B
10.250%, 9/15/10	$	3,000,000	$	3,120,000
Charter Communications Operating LLC/Charter Communications Operating Capital Corp.
8.375%, 4/30/14 §		500,000		502,500
Cinemark, Inc.
0.000%, 3/15/14 (e)		8,600,000		8,127,000
Clear Channel Communications, Inc.
4.250%, 5/15/09		6,750,000		6,434,005
CSC Holdings, Inc.
6.750%, 4/15/12^		5,214,000		5,018,475
7.625%, 7/15/18		1,400,000		1,337,000
Series B
7.625%, 4/1/11^		4,545,000		4,556,363
Dex Media West LLC/Dex Media Finance Co., Series B
8.500%, 8/15/10		1,873,000		1,924,508
9.875%, 8/15/13		10,875,000		11,568,281
Dex Media, Inc.
0.000%, 11/15/13 (e)		2,840,000		2,669,600
Echostar DBS Corp.
6.625%, 10/1/14		3,385,000		3,401,925
7.125%, 2/1/16^		7,440,000		7,644,600
Gallery Capital S.A.
10.125%, 5/15/13^ §		3,550,000		3,319,250
Idearc, Inc.
8.000%, 11/15/16		7,350,000		7,331,625
Insight Communications Co., Inc.
12.250%, 2/15/11^ (e)		7,700,000		7,950,250
Intelsat Bermuda Ltd.
9.250%, 6/15/16^		5,250,000		5,446,875
11.250%, 6/15/16		1,650,000		1,767,563
Intelsat Corp.
9.000%, 6/15/16		1,500,000		1,545,000
Intelsat Subsidiary Holding Co., Ltd.
8.250%, 1/15/13^		6,850,000		6,952,750
8.625%, 1/15/15^		6,825,000		6,961,500
Kabel Deutschland GmbH
10.625%, 7/1/14		4,000,000		4,280,000
Lighthouse International Co. S.A.
8.000%, 4/30/14 (b)(m)	EUR	75,000		110,823
8.000%, 4/30/14 (b)		3,205,000		4,735,837
Network Communications, Inc.
10.750%, 12/1/13	$	7,350,000		7,377,562
Quebecor Media, Inc.
7.750%, 3/15/16 (b)		2,325,000		2,217,469
R.H. Donnelley Corp.
8.875%, 10/15/17 §		5,325,000		5,404,875
Series A-3
8.875%, 1/15/16^		6,725,000		6,851,094
Reader’s Digest Association, Inc.
9.000%, 2/15/17 §		8,000,000		7,200,000
Telenet Communications N.V.
9.000%, 12/15/13 §	EUR	242,775		375,611
Unity Media GmbH
10.125%, 2/15/15 §		1,750,000		2,626,421
10.375%, 2/15/15^§	$	7,250,000		7,395,000
Univision Communications, Inc. (PIK)
9.750%, 3/15/15^§		8,260,000		8,053,500
UPC Holding B.V.
7.750%, 1/15/14 (b)(m)	EUR	925,000		1,295,921
8.625%, 1/15/14^ (b)(m)		2,500,000		3,636,172
8.625%, 1/15/14^§		10,500,000		15,271,921
Visant Corp.
7.625%, 10/1/12^	$	1,930,000		1,963,775
WMG Holdings Corp.
0.000%, 12/15/14^ (e)		8,541,000		5,978,700
				226,859,604
Multiline Retail (0.4%)
Bon-Ton Stores, Inc.
10.250%, 3/15/14^		8,925,000		8,344,875
Saks, Inc.
8.250%, 11/15/08		714		718
				8,345,593
Specialty Retail (0.6%)
General Nutrition Centers, Inc. (PIK)
10.009%, 3/15/14^ §		8,395,000		8,059,200
(When Issued)
10.009%, 3/15/14		900,000		864,000
Pep Boys - Manny, Moe & Jack
7.500%, 12/15/14^		3,640,000		3,494,400
				12,417,600
Textiles, Apparel & Luxury Goods (1.6%)
Levi Strauss & Co.
12.250%, 12/15/12		7,750,000		8,333,040
Perry Ellis International, Inc., Series B
8.875%, 9/15/13		7,325,000		7,196,812
Quicksilver, Inc.
6.875%, 4/15/15		3,625,000		3,470,938
Rafaella Apparel Group, Inc., Series B
11.250%, 6/15/11		7,651,000		7,497,980
Simmons Co.
7.875%, 1/15/14		5,400,000		5,184,000
				31,682,770
Total Consumer Discretionary				455,556,858
Consumer Staples (4.9%)
Food & Staples Retailing (1.6%)
Albertson’s, Inc.
7.750%, 6/15/26		4,000,000		3,976,668
6.570%, 2/23/28		100,000		85,000
7.450%, 8/1/29		4,250,000		4,091,067
8.000%, 5/1/31		600,000		609,020
American Stores Co.
8.000%, 6/1/26		1,000,000		1,018,534
Delhaize America, Inc.
9.000%, 4/15/31		695,000		827,937
Ingles Markets, Inc.
8.875%, 12/1/11		9,903,000		10,101,060
Rite Aid Corp.
8.625%, 3/1/15^		950,000		859,750
9.375%, 12/15/15 §		8,500,000		7,905,000
Roundy’s, Inc., Term Loan
8.460%, 10/27/11 §(l)		1,477,575		1,460,336
				30,934,372
Food Products (0.2%)
Pilgrim’s Pride Corp.
7.625%, 5/1/15		2,460,000		2,496,900
8.375%, 5/1/17^		1,200,000		1,224,000
				3,720,900
Household Products (1.9%)
American Achievement Corp.
8.250%, 4/1/12		9,035,000		8,989,825
Amscan Holdings, Inc.
8.750%, 5/1/14^		6,625,000		6,128,125
Prestige Brands, Inc.
9.250%, 4/15/12^		7,769,000		7,846,690
Visant Holding Corp.
0.000%, 12/1/13^ (e)		6,525,000		6,068,250

38

AXA PREMIER VIP TRUST

MULTIMANAGER HIGH YIELD PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2007 (Unaudited)

	Principal Amount		Value (Note 1)
Yankee Acquisition Corp., Series B
8.500%, 2/15/15^	$	9,300,000	$	9,021,000
				38,053,890
Personal Products (0.5%)
NBTY, Inc.
7.125%, 10/1/15^		5,000,000		5,000,000
Playtex Ptoducts, Inc.
9.375%, 6/1/11		5,460,000		5,644,275
				10,644,275
Tobacco (0.7%)
Reynolds American, Inc.
7.625%, 6/1/16		1,895,000		2,017,612
7.750%, 6/1/18		3,440,000		3,663,280
Vector Group Ltd.
11.000%, 8/15/15 (b)		8,250,000		8,260,313
				13,941,205
Total Consumer Staples				97,294,642
Energy (6.2%)
Energy Equipment & Services (0.5%)
Cie Generale de Geophysique-Veritas
7.500%, 5/15/15^		1,000,000		1,030,000
7.750%, 5/15/17^		2,500,000		2,575,000
Complete Production Services, Inc.
8.000%, 12/15/16		3,700,000		3,658,375
Dresser-Rand Group, Inc.
7.375%, 11/1/14		2,491,000		2,484,772
				9,748,147
Oil, Gas & Consumable Fuels (5.7%)
Alpha Natural Resources LLC/Alpha Natural Resources Capital Corp.
10.000%, 6/1/12^		4,975,000		5,223,750
Chesapeake Energy Corp.
7.000%, 8/15/14		3,875,000		3,899,219
6.625%, 1/15/16^		1,000,000		995,000
6.875%, 1/15/16		3,675,000		3,675,000
Citic Resources Finance Ltd.
6.750%, 5/15/14^§		425,000		412,760
El Paso Corp.
7.000%, 6/15/17^		6,200,000		6,295,387
8.050%, 10/15/30		3,500,000		3,597,314
Energy Partners Ltd.
9.750%, 4/15/14^§		4,600,000		4,416,000
Energy XXI Gulf Coast, Inc.
10.000%, 6/15/13 §		7,500,000		7,087,500
Ferrellgas Escrow LLC/Ferrellgas Finance Escrow Corp.
6.750%, 5/1/14^		5,560,000		5,421,000
Ferrellgas LP
7.240%, 8/1/10		9,000,000		8,775,000
Ferrellgas Partners LP/Ferrellgas Partners Finance Corp.
8.750%, 6/15/12^		3,500,000		3,587,500
Inergy LP/Inergy Finance Corp.
6.875%, 12/15/14^		1,150,000		1,109,750
8.250%, 3/1/16^		6,830,000		7,051,975
Knight, Inc.
6.500%, 9/1/12		1,500,000		1,485,225
Mariner Energy, Inc.
8.000%, 5/15/17^		4,000,000		3,910,000
Newfield Exploration Co.
6.625%, 9/1/14^		1,000,000		982,500
OPTI Canada, Inc.
8.250%, 12/15/14^ §		800,000		806,000
PetroHawk Energy Corp.
9.125%, 7/15/13		4,725,000		4,984,875
Plains Exploration & Production Co.
7.000%, 3/15/17^		2,450,000		2,290,750
Range Resources Corp.
7.500%, 5/15/16		2,600,000		2,652,000
Seitel, Inc.
9.750%, 2/15/14^		1,876,000		1,772,820
Stone Energy Corp.
8.250%, 12/15/11		4,250,000		4,239,375
Tesoro Corp.
6.500%, 6/1/17 §		500,000		496,250
VeraSun Energy Corp.
9.875%, 12/15/12^		6,300,000		6,363,000
9.375%, 6/1/17 §		2,350,000		2,021,000
Williams Cos., Inc.
7.875%, 9/1/21^		14,150,000		15,388,125
Series A
7.500%, 1/15/31		3,250,000		3,371,875
				112,310,950
Total Energy				122,059,097
Financials (10.0%)
Consumer Finance (4.3%)
Ford Motor Credit Co. LLC
5.800%, 1/12/09		1,000,000		965,864
7.375%, 10/28/09		1,750,000		1,715,975
9.750%, 9/15/10		2,500,000		2,550,465
7.375%, 2/1/11		5,190,000		4,973,177
9.875%, 8/10/11		2,450,000		2,481,529
7.250%, 10/25/11		1,950,000		1,827,372
8.110%, 1/13/12 (l)		1,750,000		1,653,592
7.800%, 6/1/12		22,275,000		21,190,207
7.000%, 10/1/13		2,000,000		1,807,400
8.000%, 12/15/16^		3,110,000		2,909,421
GMAC LLC
6.311%, 11/30/07		2,000,000		1,993,552
7.250%, 3/2/11		6,950,000		6,737,434
6.000%, 4/1/11		3,070,000		2,804,233
6.875%, 9/15/11		5,040,000		4,796,387
7.000%, 2/1/12		430,000		408,228
6.625%, 5/15/12		4,950,000		4,618,870
6.875%, 8/28/12		5,900,000		5,534,106
6.750%, 12/1/14^		10,440,000		9,462,576
8.000%, 11/1/31^		6,550,000		6,426,087
				84,856,475
Diversified Financial Services (5.0%)
AES Ironwood LLC
8.857%, 11/30/25		6,314,719		6,883,044
AES Red Oak LLC, Series A
8.540%, 11/30/19		1,647,402		1,754,483
Altra Industrial Motion, Inc.
9.000%, 12/1/11		5,500,000		5,575,625
Amadeus IT Group S.A., Term Loan
6.567%, 4/8/13 §(l)	EUR	2,000,000		2,729,208
C10 Capital SPV Ltd.
6.722%, 12/31/49 §(l)	$	1,000,000		958,900
CHR Intermediate Holding Corp. (PIK)
12.871%, 6/1/13 §		1,200,000		1,221,000
Hawker Beechcraft Acquisition Co. LLC/Hawker Beechcraft Notes Co.
8.500%, 4/1/15^ §		2,000,000		2,045,000
9.750%, 4/1/17^ §		2,000,000		2,045,000
Hexion U.S. Finance Corp./Hexion Nova Scotia Finance ULC
9.750%, 11/15/14		7,450,000		8,195,000
KAR Holdings, Inc.
10.000%, 5/1/15^ §		8,500,000		7,968,750

39

AXA PREMIER VIP TRUST

MULTIMANAGER HIGH YIELD PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2007 (Unaudited)

	Principal Amount		Value (Note 1)
KRATON Polymers LLC/KRATON Polymers Capital Corp.
8.125%, 1/15/14	$	4,200,000	$	4,074,000
Leucadia National Corp.
8.125%, 9/15/15^		5,500,000		5,534,375
LVB Acquisition Merger Sub, Inc.
10.000%, 10/15/17^§		5,475,000		5,475,000
11.625%, 10/15/17 §		4,450,000		4,316,500
Pinnacle Foods Finance LLC/Pinnacle Foods Finance Corp.
9.250%, 4/1/15^ §		3,425,000		3,262,312
10.625%, 4/1/17^ §		1,500,000		1,406,250
PNA Intermediate Holding Corp.
12.558%, 2/15/13 §(l)		9,775,000		9,579,500
Rainbow National Services LLC
10.375%, 9/1/14^ §		6,840,000		7,506,900
Sally Holdings LLC
9.250%, 11/15/14^		1,125,000		1,136,250
Smurfit Kappa Funding plc
7.750%, 4/1/15		350,000		341,250
Susser Holdings LLC
10.625%, 12/15/13		4,018,000		4,138,540
TRAINS, Series HY-1-2006
7.140%, 5/1/16^ §		37,040		36,303
Universal City Development Partners Ltd.
11.750%, 4/1/10		5,525,000		5,773,625
Universal City, Florida, Holding Co. I/II
8.375%, 5/1/10^		4,150,000		4,181,125
10.106%, 5/1/10 (l)		2,600,000		2,626,000
				98,763,940
Insurance (0.4%)
HUB International Holdings Ltd.
9.000%, 12/15/14^§		3,250,000		3,120,000
10.250%, 6/15/15 §		5,000,000		4,650,000
				7,770,000
Real Estate Investment Trusts (REITs) (0.2%)
Host Marriott LP (REIT)
7.125%, 11/1/13^		850,000		856,375
Series Q (REIT)
6.750%, 6/1/16^		1,130,000		1,118,700
Ventas Realty LP/Ventas Capital Corp. (REIT)
9.000%, 5/1/12		1,200,000		1,305,000
7.125%, 6/1/15		1,000,000		1,020,000
6.750%, 4/1/17^		285,000		284,287
				4,584,362
Real Estate Management & Development (0.1%)
Forest City Enterprises, Inc.
7.625%, 6/1/15		1,275,000		1,201,688
6.500%, 2/1/17		450,000		401,625
				1,603,313
Total Financials				197,578,090
Government Securities (6.5%)
Municipal Bonds (0.1%)
State of Texas
5.000%, 4/1/37		1,900,000		1,959,413
U.S. Government Agencies (5.7%)
Federal National Mortgage Association
5.500%, 5/1/37		7,164,437		7,017,550
5.500%, 10/1/37 †		500,000		490,748
5.000%, 10/25/37 TBA		38,500,000		36,719,375
5.500%, 10/25/37 TBA		20,100,000		19,672,875
5.500%, 11/25/37 TBA		51,216,000		50,159,680
				114,060,228
U.S. Treasuries (0.7%)
U.S. Treasury Notes
4.625%, 2/29/12^		13,000,000		13,230,542
Total Government Securities				129,250,183
Health Care (7.2%)
Biotechnology (0.4%)
Angiotech Pharmaceuticals, Inc.
9.371%, 12/1/13^ (l)		6,300,000		6,457,500
Quintiles Transnational Corp.,
Term Loan
9.200%, 3/31/14 (l)		1,500,000		1,473,750
				7,931,250
Health Care Equipment & Supplies (1.0%)
Accellent, Inc.
10.500%, 12/1/13		7,000,000		6,475,000
Fresenius Medical Care Capital Trust II
7.875%, 2/1/08		8,120,000		8,140,300
PTS Acquisition Corp. (PIK)
9.500%, 4/15/15^§		5,150,000		4,866,750
				19,482,050
Health Care Providers & Services (5.1%)
Community Health Systems, Inc.
8.875%, 7/15/15^§		16,135,000		16,578,713
DaVita, Inc.
7.250%, 3/15/15^		7,410,000		7,428,525
Hanger Orthopedic Group, Inc.
10.250%, 6/1/14^		7,250,000		7,431,250
HCA, Inc.
6.750%, 7/15/13		6,555,000		5,899,500
7.190%, 11/15/15^		1,700,000		1,474,153
9.250%, 11/15/16 §		20,945,000		22,254,062
7.690%, 6/15/25^		3,200,000		2,628,266
(PIK)
9.625%, 11/15/16^§		4,950,000		5,284,125
HealthSouth Corp., Term Loan
7.630%, 2/2/13 §(l)		17,021		16,506
7.860%, 2/2/13 §(l)		2,095,655		2,032,261
Rotech Healthcare, Inc.
9.500%, 4/1/12^		6,650,000		4,588,500
Skilled Healthcare Group, Inc.
11.000%, 1/15/14		5,538,000		6,050,265
Surgical Care Affiliates, Inc.
10.000%, 7/15/17^§		1,400,000		1,344,000
(PIK)
8.875%, 7/15/15 §		1,950,000		1,852,500
Tenet Healthcare Corp.
7.375%, 2/1/13		3,625,000		3,072,188
9.875%, 7/1/14^		350,000		320,250
U.S. Oncology Holdings, Inc. (PIK)
10.759%, 3/15/12 §		2,000,000		1,780,000
U.S. Oncology, Inc.
10.750%, 8/15/14^		10,000,000		10,325,000
				100,360,064
Pharmaceuticals (0.7%)
Argatroban Royalty Sub LLC
12.000%, 9/30/14		5,357,104		5,357,104
Elan Finance plc/Elan Finance Corp.
8.875%, 12/1/13^		5,975,000		5,870,437
9.705%, 12/1/13 (l)		3,925,000		3,856,313
				15,083,854
Total Health Care				142,857,218

40

AXA PREMIER VIP TRUST

MULTIMANAGER HIGH YIELD PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2007 (Unaudited)

	Principal Amount		Value (Note 1)
Industrials (7.0%)
Aerospace & Defense (0.8%)
Alion Science and Technology Corp.
10.250%, 2/1/15	$	8,000,000	$	7,260,000
Bombardier, Inc.
8.000%, 11/15/14^§		1,475,000		1,545,063
L-3 Communications Corp.
7.625%, 6/15/12		4,800,000		4,908,000
TransDigm, Inc.
7.750%, 7/15/14		1,500,000		1,515,000
				15,228,063
Airlines (0.4%)
Calair LLC/Calair Capital Corp.
8.125%, 4/1/08		7,000,000		7,000,000
Continental Airlines, Inc., Series 01-1
7.373%, 12/15/15		1,263,006		1,221,958
United Air Lines, Inc., Series 00-2
7.032%, 10/1/10		766,925		770,284
				8,992,242
Building Products (1.0%)
Builders FirstSource, Inc.
9.808%, 2/15/12 (l)		5,000,000		4,812,500
Nortek, Inc.
8.500%, 9/1/14^		5,940,000		5,152,950
RBS Global, Inc. & Rexnord Corp.
9.500%, 8/1/14^		5,500,000		5,692,500
11.750%, 8/1/16^		4,550,000		4,845,750
				20,503,700
Commercial Services & Supplies (1.6%)
Allied Waste North America, Inc.
7.250%, 3/15/15^		7,645,000		7,797,900
ARAMARK Services, Inc.
8.500%, 2/1/15^		9,725,000		9,919,500
Knowledge Learning Corp., Inc.
7.750%, 2/1/15 §		6,610,000		6,411,700
MSX International UK/MXS International Business Services Finance/MXS International GmbH
12.500%, 4/1/12 §		4,770,000		4,626,900
Sheridan Group, Inc.
10.250%, 8/15/11		3,000,000		3,026,250
				31,782,250
Construction & Engineering (0.4%)
Esco Corp.
8.625%, 12/15/13 §		7,250,000		7,141,250
Electrical Equipment (0.3%)
Superior Essex Communications LLC/Essex Group, Inc.
9.000%, 4/15/12		5,500,000		5,431,250
Industrial Conglomerates (0.6%)
Harland Clarke Holdings Corp.
10.308%, 5/15/15 (l)		8,845,000		7,894,163
Sequa Corp.
9.000%, 8/1/09		2,698,000		2,805,920
Series B
8.875%, 4/1/08		2,250,000		2,272,500
				12,972,583
Machinery (0.9%)
Accuride Corp.
8.500%, 2/1/15^		3,000,000		2,880,000
Actuant Corp.
6.875%, 6/15/17 §		1,850,000		1,822,250
Stewart & Stevenson LLC
10.000%, 7/15/14		4,750,000		4,821,250
Trimas Corp.
9.875%, 6/15/12^		6,250,000		6,375,000
Trinity Industries, Inc.
6.500%, 3/15/14		1,325,000		1,272,000
				17,170,500
Road & Rail (0.7%)
Hertz Corp.
8.875%, 1/1/14		6,970,000		7,179,100
Term B Loan
7.550%, 12/21/12 §(l)		486,062		477,649
7.560%, 12/21/12 §(l)		679,776		668,010
Term DD Loan
7.550%, 12/21/12 §(l)		72,392		71,139
Term Loan
5.237%, 12/21/12 §(l)		222,222		218,376
Kansas City Southern de Mexico S.A. de C.V.
9.375%, 5/1/12		2,250,000		2,356,875
United Rentals North America, Inc.
7.750%, 11/15/13^		2,000,000		2,060,000
				13,031,149
Transportation Infrastructure (0.3%)
Saint Acquisition Corp.
13.308%, 5/15/15^§(l)		4,000,000		2,720,000
12.500%, 5/15/17^§		4,300,000		2,881,000
				5,601,000
Total Industrials				137,853,987
Information Technology (6.2%)
Communications Equipment (0.8%)
Nortel Networks Ltd.
9.610%, 7/15/11^§(l)		6,000,000		6,000,000
10.125%, 7/15/13^§		9,400,000		9,670,250
10.750%, 7/15/16^§		950,000		992,750
				16,663,000
Computers & Peripherals (0.6%)
Compucom Systems, Inc.
12.000%, 11/1/14^§		8,000,000		10,080,000
12.500%, 10/1/15 §		2,750,000		2,681,250
				12,761,250
Electronic Equipment & Instruments (1.5%)
Celestica, Inc.
7.875%, 7/1/11^		9,085,000		8,744,312
7.625%, 7/1/13^		1,700,000		1,581,000
NXP B.V./NXP Funding LLC
9.500%, 10/15/15^		8,700,000		8,112,750
Sanmina-SCI Corp.
8.444%, 6/15/14^§(l)		5,000,000		4,775,000
8.125%, 3/1/16^		3,375,000		2,919,375
Solectron Global Finance Ltd.
8.000%, 3/15/16^		2,700,000		2,922,750
				29,055,187
IT Services (1.3%)
Iron Mountain, Inc.
8.625%, 4/1/13^		4,253,000		4,306,163
6.625%, 1/1/16		4,650,000		4,347,750
SunGard Data Systems, Inc.
9.125%, 8/15/13^		10,725,000		11,154,000
10.250%, 8/15/15^		5,000,000		5,225,000
				25,032,913
Office Electronics (0.2%)
Xerox Capital Trust I
8.000%, 2/1/27^		3,100,000		3,127,469
Semiconductors & Semiconductor Equipment (1.7%)
Amkor Technologies, Inc.
7.750%, 5/15/13^		7,000,000		6,755,000
9.250%, 6/1/16^		1,250,000		1,262,500

41

AXA PREMIER VIP TRUST

MULTIMANAGER HIGH YIELD PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2007 (Unaudited)

	Principal Amount		Value (Note 1)
Freescale Semiconductor, Inc.
8.875%, 12/15/14	$	10,000,000	$	9,650,000
9.569%, 12/15/14 (l)		1,500,000		1,413,750
(PIK)
9.125%, 12/15/14		9,350,000		8,648,750
Sensata Technologies B.V.
8.000%, 5/1/14^		6,975,000		6,800,625
				34,530,625
Software (0.1%)
Pegasus Solutions, Inc.
10.500%, 4/15/15 §		1,750,000		1,575,000
Total Information Technology				122,745,444
Materials (9.5%)
Chemicals (4.2%)
Arco Chemical Co.
10.250%, 11/1/10		100,000		107,000
Chemtura Corp.
6.875%, 6/1/16		3,225,000		3,063,750
Equistar Chemicals LP/ Equistar Funding Corp.
10.125%, 9/1/08^		120,000		123,900
10.625%, 5/1/11		4,756,000		4,970,020
Ferro Corp., Term Loan
7.129%, 6/6/12 (l)		807,917		785,699
7.198%, 6/6/12 (l)		1,500,000		1,458,749
7.797%, 6/6/12 (l)		1,055,556		1,026,528
Hercules, Inc.
6.750%, 10/15/29		4,650,000		4,615,125
Huntsman LLC
11.625%, 10/15/10		1,550,000		1,643,000
11.500%, 7/15/12		5,393,000		5,864,888
Ineos Group Holdings plc
8.500%, 2/15/16^§		9,325,000		8,928,687
Term B Loan
7.580%, 10/7/13 §(l)		990,000		976,182
Term C Loan
8.080%, 10/7/14 §(l)		990,000		976,182
Lyondell Chemical Co.
8.000%, 9/15/14^		9,500,000		10,450,000
8.250%, 9/15/16		2,850,000		3,213,375
6.875%, 6/15/17		2,325,000		2,522,625
Nalco Co.
7.750%, 11/15/11^		2,200,000		2,244,000
8.875%, 11/15/13^		3,750,000		3,937,500
Nova Chemicals Corp.
6.500%, 1/15/12^		2,825,000		2,669,625
8.484%, 11/15/13^ (l)		5,704,000		5,589,920
Phibro Animal Health Corp.
13.000%, 8/1/14 §		7,250,000		7,395,000
Reichhold Industries, Inc.
9.000%, 8/15/14 §		4,745,000		4,792,450
Rockwood Specialties Group, Inc.
7.500%, 11/15/14^		4,680,000		4,668,300
SigmaKalon, Term A Loan
6.164%, 6/30/12 (b)	EUR	923,858		1,289,381
				83,311,886
Construction Materials (0.1%)
Headwaters, Inc., Term B Loan
7.360%, 4/30/11 (b)(l)		1,704,545		1,661,931
Containers & Packaging (2.1%)
Berry Plastics Holding Corp.
10.250%, 3/1/16^	$	6,250,000		6,125,000
BPC Holding Corp.
8.875%, 9/15/14^		5,875,000		6,007,187
Crown Americas LLC/
Crown Americas Capital Corp.
7.625%, 11/15/13		1,050,000		1,077,563
7.750%, 11/15/15^		3,655,000		3,773,787
Impress Holdings B.V.
8.485%, 9/15/13 §(l)		4,725,000		4,701,375
Jefferson Smurfit Corp.
8.250%, 10/1/12		4,252,000		4,262,630
7.500%, 6/1/13^		2,700,000		2,612,250
Norampac, Inc.
6.750%, 6/1/13		1,675,000		1,599,625
Owens-Brockway Glass Container, Inc.
8.750%, 11/15/12		3,954,000		4,136,872
8.250%, 5/15/13		3,550,000		3,674,250
6.750%, 12/1/14^		1,023,000		1,008,934
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		2,675,000
				41,666,328
Metals & Mining (1.0%)
Compass Minerals International, Inc., Series B
0.000%, 6/1/13^ (e)		6,461,000		6,509,458
Freeport-McMoRan Copper & Gold, Inc.
8.250%, 4/1/15		1,325,000		1,431,000
8.375%, 4/1/17		5,250,000		5,735,625
Noranda Aluminium Acquisition Corp. (PIK)
9.360%, 5/15/15^§		5,800,000		5,452,000
Novelis, Inc.
7.250%, 2/15/15^		1,406,000		1,356,790
				20,484,873
Paper & Forest Products (2.1%)
Abitibi-Consolidated Co. of Canada
8.375%, 4/1/15^		1,800,000		1,309,500
Abitibi-Consolidated, Inc.
8.550%, 8/1/10		2,050,000		1,691,250
Bowater Canada Finance Corp.
7.950%, 11/15/11^		2,650,000		2,179,625
Cascades, Inc.
7.250%, 2/15/13		3,500,000		3,430,000
Georgia-Pacific Corp.
7.000%, 1/15/15 §		180,000		175,500
7.125%, 1/15/17 §		1,500,000		1,451,250
8.000%, 1/15/24		7,600,000		7,410,000
7.375%, 12/1/25^		6,350,000		5,905,500
7.250%, 6/1/28		1,000,000		915,000
Term Loan B
6.948%, 12/24/12 (l)		160,476		156,973
7.264%, 12/24/12 (l)		190,476		186,319
7.474%, 12/24/12 (l)		1,619,048		1,583,709
Neenah Paper, Inc.
7.375%, 11/15/14		2,750,000		2,653,750
Newark Group, Inc.
9.750%, 3/15/14		5,660,000		5,433,600
Smurfit Capital Funding plc
7.500%, 11/20/25		300,000		288,000
Verso Paper Holdings LLC/ Verson Paper, Inc.
9.125%, 8/1/14^		6,800,000		7,004,000
				41,773,976
Total Materials				188,898,994

42

AXA PREMIER VIP TRUST

MULTIMANAGER HIGH YIELD PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2007 (Unaudited)

	Principal Amount		Value (Note 1)
Telecommunication Services (6.1%)
Diversified Telecommunication Services (4.5%)
Cincinnati Bell, Inc.
7.250%, 7/15/13^	$	3,825,000	$	3,853,688
8.375%, 1/15/14^		5,525,000		5,511,187
Citizens Communications Co.
7.125%, 3/15/19^		4,250,000		4,186,250
7.000%, 11/1/25		200,000		160,500
7.875%, 1/15/27		750,000		731,250
9.000%, 8/15/31		3,315,000		3,364,725
Hawaiian Telcom Communications, Inc., Series B
9.750%, 5/1/13^		4,925,000		5,035,812
Insight Midwest LP/ Insight Capital, Inc.
9.750%, 10/1/09^		2,595,000		2,598,244
Nordic Telephone Co. Holdings ApS
6.330%, 11/30/14 §		729,576		1,018,923
6.580%, 11/30/14 §		873,529		1,224,930
8.250%, 5/1/16 §	EUR	3,500,000		5,227,888
8.875%, 5/1/16^ §	$	200,000		211,000
Qwest Communications International, Inc.
9.058%, 2/15/09^ (l)		666,000		672,660
7.500%, 2/15/14^		12,400,000		12,555,000
Qwest Corp.
8.875%, 3/15/12		7,400,000		8,075,250
7.500%, 6/15/23^		1,000,000		985,000
Telcordia Technologies, Inc.
9.110%, 7/15/12 §(l)		10,650,000		9,931,125
10.000%, 3/15/13^ §		2,000,000		1,650,000
Time Warner Telecom Holdings, Inc.
9.250%, 2/15/14		6,500,000		6,743,750
Virgin Media Finance plc
8.750%, 4/15/14^	EUR	1,000,000		1,445,557
9.125%, 8/15/16^	$	4,000,000		4,150,000
West Corp.
9.500%, 10/15/14		5,550,000		5,730,375
11.000%, 10/15/16^		2,625,000		2,756,250
Wind Acquisition Finance S.A.
10.750%, 12/1/15 §		1,600,000		1,772,000
				89,591,364
Wireless Telecommunication Services (1.6%)
American Cellular Corp., Series B
10.000%, 8/1/11		597,000		623,865
Cell C Pty Ltd.
11.000%, 7/1/15^§		3,000,000		2,535,000
Centennial Cellular Corp./ Centennial Cellular Operating Co. LLC
10.750%, 12/15/08^		1,507,000		1,507,000
Centennial Cellular Operating Co./ Centennial Communications Corp.
10.125%, 6/15/13		6,700,000		7,102,000
iPCS, Inc. (PIK)
8.606%, 5/1/14^ §		7,000,000		6,860,000
Rural Cellular Corp.
9.875%, 2/1/10^		6,783,000		7,088,235
Stratos Global Corp.
9.875%, 2/15/13		4,450,000		4,683,625
				30,399,725
Total Telecommunication Services				119,991,089
Utilities (7.1%)
Electric Utilities (2.7%)
Edison Mission Energy
7.000%, 5/15/17 §		3,475,000		3,422,875
7.200%, 5/15/19 §		9,305,000		9,165,425
7.625%, 5/15/27 §		1,000,000		965,000
Midwest Generation LLC, Series B
8.560%, 1/2/16		3,840,081		4,108,887
Mirant Americas Generation, Inc.
8.300%, 5/1/11^		6,670,000		6,736,700
Nevada Power Co., Series N
6.650%, 4/1/36		1,000,000		992,667
Series R
6.750%, 7/1/37		100,000		100,524
Reliant Energy, Inc.
7.625%, 6/15/14^		7,025,000		7,077,687
6.750%, 12/15/14		8,225,000		8,307,250
7.875%, 6/15/17^		4,460,000		4,487,875
Sierra Pacific Power Co., Series P
6.750%, 7/1/37		900,000		904,718
Sierra Pacific Resources
8.625%, 3/15/14^		2,700,000		2,858,009
6.750%, 8/15/17		1,850,000		1,819,938
Tenaska Alabama Partners LP
7.000%, 6/30/21^ §		3,134,512		3,148,639
				54,096,194
Gas Utilities (1.3%)
AmeriGas Partners LP
7.250%, 5/20/15^		5,250,000		5,171,250
AmeriGas Partners LP/ AmeriGas Eagle Finance Corp.
7.125%, 5/20/16^		8,825,000		8,582,312
SemGroup plc
8.750%, 11/15/15^ §		5,925,000		5,791,688
Suburban Propane Partners LP/ Suburban Energy Finance Corp.
6.875%, 12/15/13^		7,225,000		7,044,375
				26,589,625
Independent Power Producers & Energy Traders (1.9%)
AES Corp.
8.750%, 5/15/13 §		3,175,000		3,321,844
Dynegy Holdings, Inc.
7.500%, 6/1/15^§		1,000,000		965,000
8.375%, 5/1/16		5,200,000		5,226,000
7.125%, 5/15/18		1,700,000		1,551,250
7.750%, 6/1/19 §		300,000		286,875
NRG Energy, Inc.
7.250%, 2/1/14^		4,775,000		4,786,938
7.375%, 2/1/16^		12,545,000		12,576,362
7.375%, 1/15/17		8,555,000		8,555,000
				37,269,269
Multi-Utilities (1.2%)
Dynegy-Roseton Danskammer, Series A
7.270%, 11/8/10		6,500,000		6,528,470
Series B
7.670%, 11/8/16		1,450,000		1,457,250
PSEG Energy Holdings LLC
8.500%, 6/15/11		9,205,000		9,688,520
Reliant Energy Mid-Atlantic Power Holdings LLC, Series B
9.237%, 7/2/17		2,752,076		2,958,482

43

AXA PREMIER VIP TRUST

MULTIMANAGER HIGH YIELD PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2007 (Unaudited)

	Principal Amount		Value (Note 1)
South Point Energy Center LLC/Broad River Energy LLC/Rockgen Energy LLC
8.400%, 5/30/12 (b)(h)	$	2,507,432	$	2,482,358
				23,115,080
Total Utilities				141,070,168
Total Long-Term Debt Securities (94.3%) (Cost $1,886,340,266)
				1,866,971,335
CONVERTIBLE BONDS:
Energy (0.1%)
Oil, Gas & Consumable Fuels (0.1%)
Chesapeake Energy Corp.
2.750%, 11/15/35^		800,000		878,000
Peabody Energy Corp.
4.750%, 12/15/41^		1,425,000		1,496,250
Total Energy				2,374,250
Financials (0.2%)
Capital Markets (0.2%)
Deutsche Bank AG/London
(Zero Coupon), 7/14/08 §		500,000		490,950
(Zero Coupon), 9/29/08 §		600,000		589,260
(Zero Coupon), 10/24/08 §		625,000		645,063
Morgan Stanley
3.350%, 10/1/12 (b)		1,500,000		1,500,000
Total Financials				3,225,273
Health Care (0.3%)
Biotechnology (0.3%)
NPS Pharmaceuticals, Inc.
3.000%, 6/15/08		5,000,000		4,875,000
Total Health Care				4,875,000
Information Technology (0.1%)
Communications Equipment (0.1%)
Nortel Networks Corp.
1.750%, 4/15/12 §		350,000		292,250
2.125%, 4/15/14^ §		1,725,000		1,401,562
Total Communications Equipment				1,693,812
Semiconductors & Semiconductor Equipment (0.0%)
Advanced Micro Devices, Inc.
6.000%, 5/1/15^		1,425,000		1,280,719
Total Information Technology				2,974,531
Telecommunication Services (0.0%)
Diversified Telecommunication Services (0.0%)
Qwest Communications International, Inc.
3.500%, 11/15/25		375,000		620,625
Total Telecommunication Services				620,625
Utilities (0.1%)
Multi-Utilities (0.1%)
CMS Energy Corp.
2.875%, 12/1/24		1,875,000		2,411,719
Total Utilities				2,411,719
Total Convertible Bonds (0.8%) (Cost $16,346,434)				16,481,398
	Number of Shares
CONVERTIBLE PREFERRED STOCKS:
Energy (0.1%)
Oil, Gas & Consumable Fuels (0.1%)
Chesapeake Energy Corp.,
5.000%		14,800		1,650,200
Total Energy				1,650,200
Financials (0.1%)
Capital Markets (0.1%)
Vale Capital Ltd.,
5.500%		32,400		2,162,700
Total Financials				2,162,700
Materials (0.1%)
Metals & Mining (0.1%)
Freeport-McMoRan Copper & Gold, Inc.,
6.750%		6,300		974,925
Total Materials				974,925
Total Convertible Preferred Stocks (0.3%) (Cost $3,929,549)				4,787,825
	Principal Amount
SHORT-TERM INVESTMENTS:
Commercial Paper (5.0%)
Bank of America Corp.
5.19%, 10/5/07 (p)	$	40,800,000		40,770,637
Fortis Funding LLC
5.13%, 10/1/07 §(p)		27,300,000		27,296,114
UBS Finance Delaware LLC
4.75%, 10/1/07 (p)		3,100,000		3,099,591
5.17%, 10/18/07 (p)		27,100,000		27,030,110
Total Commercial Paper				98,196,452
Government Securities (0.4%)
Federal Home Loan Bank
4.00%, 10/1/07 (o)(p)		6,500,000		6,499,278
U.S. Treasury Bills
3.63%, 12/13/07 #(p)		375,000		372,226
Total Government Securities				6,871,504
Short-Term Investments of Cash Collateral for Securities Loaned (23.0%)
Banco Bilbao Vizcaya Argentaria S.A.
5.28%, 10/1/07		7,529,513		7,529,513
Banco de Sabadell S.A.
5.40%, 4/23/09 (l)		4,910,552		4,910,552
Banesto S.A./Madrid
5.33%, 12/27/07		12,276,380		12,276,380
Barclays plc/Seoul
5.22%, 10/29/07		8,184,254		8,184,254
BBVA Senior Finance S.A.
5.75%, 3/12/10 (l)		3,601,071		3,601,071
Beta Finance, Inc.
4.87%, 1/31/08 (l)		654,740		654,740
4.87%, 3/10/08 (l)		1,636,695		1,636,695
BNP Paribas S.A.
5.20%, 10/1/07		17,563,408		17,563,408
CIT Group Holdings, Inc.
5.38%, 6/18/08 (l)		7,856,884		7,856,884
Citigroup Funding, Inc.
4.86%, 3/16/09 (l)		4,910,552		4,910,552
Citigroup Global Markets, Inc.
5.40%, 10/5/07 (l)		3,833,177		3,833,177
Comerica Bank
5.78%, 3/16/09 (l)		1,636,703		1,636,703

44

AXA PREMIER VIP TRUST

MULTIMANAGER HIGH YIELD PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2007 (Unaudited)

	Principal Amount		Value (Note 1)
Commerzbank AG/Frankfurt
5.20%, 10/1/07	$	1,194,901	$	1,194,901
Crown Point Capital Co. LLC, Series C
5.38%, 10/18/07		2,263,198		2,263,198
DekaBank Deutsche Girozentrale
5.38%, 10/28/08 (l)		4,255,812		4,255,812
Den Danske Bank/London
5.50%, 10/1/07		20,460,633		20,460,633
Deutsche Bank AG/London
4.84%, 10/18/07 (l)		9,821,104		9,821,104
Deutsche Bank AG/New York
5.35%, 1/22/08 (l)		1,636,851		1,636,851
Dexia Bank
5.13%, 10/1/07		8,184,254		8,184,254
Fenway Funding LLC
5.37%, 10/2/07		9,205,052		9,205,052
Fifth Third Bancorp
5.14%, 8/22/08 (l)		491,051		491,051
First Tennessee Bank
5.77%, 8/15/08 (l)		14,730,654		14,730,654
General Electric Capital Corp.
4.90%, 3/12/10 (l)		654,740		654,740
Glitnir banki hf
5.62%, 8/15/08 (l)		8,184,254		8,184,254
Goldman Sachs Group, Inc.
5.73%, 12/3/07 (l)		1,800,536		1,800,536
5.37%, 8/18/08 (l)		3,273,701		3,273,701
4.91%, 3/27/09 (l)		4,583,182		4,583,182
Hartford Life, Inc.
5.80%, 9/26/08 (l)		1,309,481		1,309,481
ING Bank N.V./United States
5.85%, 12/28/07 (l)		12,276,380		12,276,380
IXIS Corporate & Investment Bank
5.28%, 10/1/07		16,368,507		16,368,507
K2 (USA) LLC
4.87%, 5/29/09 (l)		6,544,256		6,544,256
4.87%, 6/18/09 (l)		8,179,963		8,179,963
Kommunalkredit Austria AG
5.83%, 7/8/08 (l)		9,820,796		9,820,796
Lehman Brothers Holdings, Inc.
5.50%, 12/28/07 (l)		572,898		572,898
5.60%, 8/21/09 (l)		4,092,073		4,092,073
Links Finance LLC
4.87%, 6/25/09 (l)		2,454,203		2,454,203
Mane Funding Corp.
5.25%, 10/1/07		16,361,346		16,361,346
Market Street Funding Corp.
5.30%, 10/1/07		16,361,278		16,361,278
MBIA Global Funding LLC
4.87%, 3/30/09 (l)		4,092,127		4,092,127
Monumental Global Funding II
4.86%, 4/25/08 (l)		1,964,221		1,964,221
4.93%, 5/26/10 (l)		7,693,198		7,693,198
Morgan Stanley
5.40%, 5/7/09 (l)		8,184,254		8,184,254
Morgan Stanley, Repurchase Agreement
5.15%, 10/1/07 (r)		80,778,678		80,778,678
5.35%, 10/1/07 (r)		11,457,955		11,457,955
Natexis Banques Populaires N.Y.
4.87%, 1/28/08 (l)		4,910,552		4,910,552
New York Life Insurance Co.
5.42%, 12/28/07 (l)		5,565,293		5,565,293
Pricoa Global Funding I
4.90%, 6/25/10 (l)		4,909,201		4,909,201
Rheingold Securitization Ltd.
5.35%, 10/25/07		12,112,532		12,112,532
5.35%, 1/7/08		3,992,443		3,992,443
Royal Bank of Scotland plc/London
5.30%, 10/1/07		16,368,507		16,368,507
Simba Funding Corp.
5.25%, 10/1/07		16,361,346		16,361,346
Three Pillars Funding Corp.
5.25%, 10/1/07		16,361,346		16,361,346
Wachovia Bank N.A.
4.87%, 10/2/08 (l)		1,636,851		1,636,851
Total Short-Term Investments of Cash Collateral for Securities Loaned				456,063,537
Time Deposit (2.3%)
JPMorgan Chase Nassau
4.43%, 10/1/07		46,049,775		46,049,775
Total Short-Term Investments (30.7%) (Cost/Amortized Cost $607,194,463)				607,181,268
Total Investments (126.1%) (Cost/Amortized Cost $2,513,810,712)				2,495,421,826
Other Assets Less Liabilities (-26.1%)				(516,142,349	)
Net Assets (100%)			$	1,979,279,477

* Non-income producing.

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

† Securities (totaling $502,583 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 September 30, 2007, the market value of these securities amounted to $423,101,040 or 21.4% of net assets. Securities denoted with “§” but without “(b)”have been determined to be liquid under the guidelines established by the Board of Trustees. To the extent any securities might provide a right to demand registration, such rights have not been relied upon when determining liquidity.

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

(b) Illiquid security.

(e) Step Bond - Coupon rate increases in increments to maturity. Rate disclosed is as of September 30, 2007. Maturity date disclosed is the ultimate maturity date.

(h) Security in default.

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

EUR — European Currency Unit

PIK — Payment-in-Kind Security

TBA — Security is subject to delayed delivery.

45

AXA PREMIER VIP TRUST

MULTIMANAGER HIGH YIELD PORTFOLIO

PORTFOLIO OF INVESTMENTS (Concluded)

September 30, 2007 (Unaudited)

At September 30, 2007 the Portfolio had the following futures contracts open: (Note 1)

Purchases	Number of Contracts	Expiration Date	Original Value		Value at 9/30/07		Unrealized Appreciation/ (Depreciation)
90-Day EURODollar	65	December-07	$	15,454,125	$	15,462,688	$	8,563
90-Day EURODollar	210	December-08		50,190,500		50,234,625		44,125
90-Day EURODollar	55	December-09		13,106,750		13,103,750		(3,000	)
3 Month EURO EURIBOR	100	March-09		34,115,083		34,137,243		22,160
British Pound 90-Day Sterling	160	March-09		38,516,180		38,702,136		185,956
							$	257,804

At September 30, 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 10/3/07	7,100	$	9,575,415	$	10,124,505	$	549,090
European Union, expiring 1/24/08	5,000		6,890,000		7,142,450		252,450
						$	801,540
Foreign Currency Sell Contracts
European Union, expiring 10/4/07	10,125	$	13,482,855	$	14,438,486	$	(955,631	)
European Union, expiring 10/4/07	18,362		24,863,984		26,184,640		(1,320,656	)
European Union, expiring 1/24/08	13,675		18,731,400		19,534,601		(803,201	)
European Union, expiring 1/24/08	1,000		1,369,010		1,428,490		(59,480	)
British Pound, expiring 11/1/07	49		98,980		100,190		(1,210	)
						$	(3,140,178	)
						$	(2,338,638	)

Investment security transactions for the nine months ended September 30, 2007 were as follows:

Cost of Purchases:
Stocks and long-term corporate debt securities	$	1,332,774,614
Long-term U.S. Treasury securities		12,964,453
	$	1,345,739,067
Net Proceeds of Sales and Redemptions:
Stocks and long-term corporate debt securities	$	1,220,283,551
As of September 30, 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	$	25,893,748
Aggregate gross unrealized depreciation		(46,025,408	)
Net unrealized depreciation	$	(20,131,660	)
Federal income tax cost of investments	$	2,515,553,486

At September 30, 2007, the Portfolio had loaned securities with a total value of $446,868,234. This was secured by collateral of $456,063,537 which was received as cash and subsequently invested in short-term investments as reported in the portfolio of investments.

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 Portfolio of Investments.

46

AXA PREMIER VIP TRUST

MULTIMANAGER INTERNATIONAL EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS

September 30, 2007 (Unaudited)

	Number of Shares	Value (Note 1)
COMMON STOCKS:
Australia (3.2%)
BHP Billiton Ltd.^	769,034	$	30,401,024
CSL Ltd.	118,172		11,251,470
Macquarie Airports Ltd.	1,561,573		6,027,629
Macquarie Bank Ltd.^	190,333		14,254,484
Macquarie Infrastructure Group	2,500,150		6,921,745
National Australia Bank Ltd.^	297,121		10,469,555
QBE Insurance Group Ltd.^	301,674		9,047,937
Zinifex Ltd.	432,400		6,798,989
			95,172,833
Austria (0.6%)
Erste Bank der Oesterreichischen Sparkassen AG	118,597		9,039,111
voestalpine AG	115,100		9,946,087
			18,985,198
Belgium (0.6%)
Dexia S.A.^	191,615		5,803,478
Fortis (London International Exchange)^	185,809		5,471,307
Fortis (virt-x Exchange)^	266,300		7,841,434
			19,116,219
Brazil (3.8%)
All America Latina Logistica S.A.	390,115		5,503,750
Cia Vale do Rio Doce (ADR)	535,612		18,173,315
Gafisa S.A.	510,644		8,619,381
JHSF Participacoes S.A.*	888,000		4,733,093
Petroleo Brasileiro S.A. (ADR)	533,015		40,242,633
Redecard S.A.*	304,700		5,653,490
Unibanco-Uniao de Bancos Brasileiros S.A. (GDR)	237,546		31,249,176
			114,174,838
Canada (2.4%)
Bombardier, Inc., Class B*	497,200		2,954,257
Canadian Imperial Bank of Commerce^	46,800		4,675,060
EnCana Corp.	118,500		7,326,949
Gerdau Ameristeel Corp.	391,200		4,637,056
Husky Energy, Inc.^	111,600		4,650,701
ING Canada, Inc.	95,700		4,295,026
Nexen, Inc.	127,906		3,907,971
Potash Corp. of Saskatchewan, Inc.	164,820		17,421,474
Research In Motion Ltd.*	185,425		18,273,634
Teck Cominco Ltd., Class B	108,600		5,155,675
			73,297,803
Denmark (0.2%)
Carlsberg A/S, Class B	43,300		5,913,694
Egypt (0.0%)
Orascom Construction Industries (GDR)	9,332		1,581,104
Finland (1.4%)
Nokia Oyj	950,255		36,124,730
Stora Enso Oyj, Class R	271,400		5,286,458
			41,411,188
France (11.6%)
Accor S.A.	321,423		28,535,820
Air France-KLM	121,600		4,468,403
Alstom	50,647		10,296,418
BNP Paribas S.A.^	258,838		28,323,970
Cie de Saint-Gobain S.A.^	86,126		8,988,564
Cie Generale de Geophysique-Veritas*	32,762		10,705,195
Compagnie Generale des
Etablissements Michelin, Class B	79,900		10,741,642
Credit Agricole S.A.^	309,152		11,924,595
Electricite de France	199,516		21,095,663
France Telecom S.A.	227,100		7,606,843
Imerys S.A.^	60,001		5,476,595
J.C. Decaux S.A.^	436,127		15,317,281
Lafarge S.A.^	77,205		11,961,330
Lagardere SCA^	87,900		7,481,605
Pernod-Ricard S.A.^	52,200		11,390,725
PPR S.A	80,739		15,190,223
Renault S.A.^	132,000		19,127,465
Sanofi-Aventis^	294,391		24,926,943
Societe Generale^	66,935		11,232,081
Total S.A.^	693,632		56,397,601
Veolia Environnement^	287,775		24,781,203
			345,970,165
Germany (9.2%)
Allianz SE (Registered)	93,700		21,892,247
BASF AG	152,986		21,160,588
Continental AG^	256,386		35,455,269
DaimlerChrysler AG	348,358		35,089,791
Deutsche Bank AG (Registered)	92,800		11,959,819
Deutsche Lufthansa AG (Registered)	260,900		7,503,852
Deutsche Post AG (Registered)^	306,976		8,929,742
Deutsche Telekom AG (Registered)^	290,500		5,708,206
E.ON AG^	210,200		38,863,600
Fresenius Medical Care AG & Co. KGaA	58,500		3,108,992
GEA Group AG*	150,271		5,286,261
Linde AG^	79,043		9,816,033
MTU Aero Engines Holdings AG	80,158		4,880,665
Muenchener Rueckversicherungs-Gesellschaft AG (Registered)	78,800		15,143,412
RWE AG	97,390		12,248,622
SAP AG^	180,800		10,583,173
Siemens AG (Registered)	134,342		18,470,695
Symrise AG*^	154,757		4,104,569
TUI AG*^	145,200		3,900,783
			274,106,319
Hong Kong (3.6%)
China Merchants Holdings International Co., Ltd.^	1,796,000		11,170,347
China Mobile Ltd.	1,920,500		31,448,980
CNOOC Ltd.	9,339,100		15,689,606
Esprit Holdings Ltd.	1,508,100		23,958,573
Melco PBL Entertainment Macau Ltd. (ADR)*	715,345		11,803,192
Orient Overseas
International Ltd.	174,000		1,655,203
Shangri-La Asia Ltd.^	3,734,973		12,587,880
Sino Land Co.	303,675		755,491
			109,069,272
India (0.5%)
ICICI Bank Ltd. (ADR)	282,680		14,902,890
Ireland (0.2%)
Bank of Ireland	273,700		5,073,672
Italy (2.6%)
Banco Popolare S.c.a.r.l.*	163,500		3,662,673

47

AXA PREMIER VIP TRUST

MULTIMANAGER INTERNATIONAL EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2007 (Unaudited)

	Number of Shares	Value (Note 1)
Buzzi Unicem S.p.A.^	158,000	$	4,109,474
ENI S.p.A.^	1,104,771		40,943,300
Fondiaria-Sai S.p.A.^	125,271		5,882,292
Fondiaria-Sai S.p.A. (RNC)	14,200		463,285
Intesa Sanpaolo S.p.A.	1,424,000		10,995,443
Italcementi S.p.A.^	157,800		3,496,732
UniCredito Italiano S.p.A.	1,135,200		9,712,431
			79,265,630
Japan (16.4%)
Aisin Seiki Co., Ltd.	200,700		8,019,963
Alps Electric Co., Ltd.^	341,600		4,109,966
Astellas Pharma, Inc.	148,400		7,118,652
Bank of Yokohama Ltd.	573,000		3,955,853
Canon, Inc.	304,500		16,621,382
Chuo Mitsui Trust Holdings, Inc.	1,295,000		10,101,597
Daikin Industries Ltd.	365,764		17,609,149
Dainippon Ink and Chemicals, Inc.	895,000		3,966,004
East Japan Railway Co.	1,708		13,471,884
EDION Corp.^	122,000		1,358,447
Fujitsu Ltd.	1,335,000		9,437,339
Hirose Electric Co., Ltd.^	28,100		3,417,551
Honda Motor Co., Ltd.	524,800		17,635,729
Isuzu Motors Ltd.	1,326,000		7,595,943
Itochu Corp.	631,000		7,663,300
JFE Holdings, Inc.	239,100		16,944,013
Komatsu Ltd.	89,000		2,990,815
Kyushu Electric Power Co., Inc.^	205,700		5,444,026
Leopalace21 Corp.	72,100		2,366,404
Marubeni Corp.^	1,874,000		17,195,804
Mitsubishi Chemical Holdings Corp.	767,000		6,677,404
Mitsubishi Corp.	631,200		20,002,333
Mitsubishi UFJ Financial Group, Inc.†	2,411		21,199,756
Mitsui & Co., Ltd.	467,000		11,343,142
Mitsui Chemicals, Inc.^	513,000		5,095,834
Mitsui Fudosan Co., Ltd.	336,000		9,331,302
Mitsui O.S.K. Lines Ltd.	687,000		11,130,518
Mizuho Financial Group, Inc.	859		4,898,315
Nidec Corp.^	100,600		7,032,760
Nintendo Co., Ltd.	44,700		23,271,318
Nippon Mining Holdings, Inc.	753,500		7,570,095
Nippon Telegraph & Telephone Corp.	1,964		9,181,805
Nippon Yusen KK^	438,000		4,278,379
Nissan Motor Co., Ltd.	1,994,200		19,982,799
Nitto Denko Corp.^	90,600		4,211,936
Nomura Holdings, Inc.	255,800		4,289,129
ORIX Corp.	39,000		8,895,660
Secom Co., Ltd.	14,000		674,009
Seven & I Holdings Co., Ltd.	229,300		5,898,938
Sharp Corp.^	485,000		8,803,596
Shin-Etsu Chemical Co., Ltd.	129,700		8,965,464
SMC Corp.^	49,500		6,778,697
Sony Corp.^	293,200		14,217,769
Sumitomo Corp.^	522,000		10,088,713
Sumitomo Mitsui Financial Group, Inc.^	2,891		22,525,965
Tokyo Electric Power Co., Inc.	367,000		9,265,660
Toshiba Corp.^	1,311,000		12,246,576
Toyota Motor Corp.	426,300		25,162,704
Yamada Denki Co., Ltd.^	101,000		9,997,562
			490,041,959
Luxembourg (0.9%)
ArcelorMittal^	356,069		28,111,503
Mexico (1.4%)
America Movil S.A.B. de C.V., Series L (ADR)	221,183		14,155,712
Fomento Economico Mexicano S.A.B. de C.V. (ADR)	100,000		3,740,000
Fomento Economico Mexicano S.A.B. de C.V. (Sponsored ADR)	120,000		4,488,000
Grupo Televisa S.A. (Sponsored ADR)	797,091		19,265,689
			41,649,401
Netherlands (3.7%)
European Aeronautic Defence and Space Co. N.V.^	42,060		1,293,071
Heineken N.V.	229,355		15,050,784
ING Groep N.V. (CVA)	858,820		38,122,868
Koninklijke Ahold N.V.*	602,720		9,110,155
Koninklijke Philips Electronics N.V.	225,732		10,187,583
Reed Elsevier N.V.	380,122		7,219,906
Royal Dutch Shell plc, Class A	333,000		13,751,405
Royal Dutch Shell plc, Class B	71,028		2,923,904
Wolters Kluwer N.V.	415,276		12,328,830
			109,988,506
Singapore (0.7%)
CapitaLand Ltd.	3,418,000		18,752,406
Neptune Orient Lines Ltd.	378,000		1,348,637
			20,101,043
South Africa (0.2%)
MTN Group Ltd.	310,852		4,715,143
South Korea (0.6%)
Samsung Electronics Co., Ltd.	27,980		17,579,218
Spain (1.0%)
Banco Bilbao Vizcaya Argentaria S.A.^	449,700		10,542,145
Banco Santander S.A.	417,400		8,112,461
Repsol YPF S.A.	293,700		10,490,978
			29,145,584
Sweden (0.9%)
Nordea Bank AB	328,000		5,715,988
Svenska Cellulosa AB, Class B	328,500		6,129,968
Telefonaktiebolaget LM Ericsson, Class B	3,518,200		14,085,685
			25,931,641
Switzerland (9.7%)
ABB Ltd. (Registered)	1,334,760		35,150,304
Actelion Ltd. (Registered) *^	214,450		11,880,631
Adecco S.A. (Registered)	142,720		8,440,002
Credit Suisse Group (Registered)	194,800		12,933,683
Holcim Ltd. (Registered)	404,916		44,725,959
Julius Baer Holding AG (Registered)	223,948		16,744,405
Kuehne & Nagel International AG (Registered)	51,282		5,047,814
Lonza Group AG (Registered)^	168,727		18,405,264
Nestle S.A. (Registered)	87,470		39,292,944
Novartis AG (Registered)	388,141		21,419,849
Roche Holding AG	157,496		28,556,930
UBS AG (Registered)	348,208		18,722,629
Xstrata plc	199,880		13,266,483

48

AXA PREMIER VIP TRUST

MULTIMANAGER INTERNATIONAL EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2007 (Unaudited)

	Number of Shares		Value (Note 1)
Zurich Financial Services AG (Registered)		49,585	$	14,874,435
				289,461,332
Taiwan (0.2%)
Taiwan Semiconductor Manufacturing Co., Ltd. (ADR)		675,961		6,840,727
United Kingdom (17.7%)
Amdocs Ltd.*		131,344		4,884,683
AstraZeneca plc		265,500		13,303,287
Aviva plc		638,858		9,620,282
BAE Systems plc		1,088,600		10,991,605
Barclays plc		2,400,344		29,245,624
BG Group plc		649,362		11,239,911
BHP Billiton plc		203,900		7,300,640
BP plc		513,200		5,958,791
British American Tobacco plc		222,100		7,961,379
British Land Co. plc (REIT)		255,331		6,122,613
British Sky Broadcasting Group plc		2,117,385		30,108,580
Burberry Group plc		674,687		9,069,291
Centrica plc		601,262		4,680,843
Friends Provident plc		516,442		1,817,421
GlaxoSmithKline plc		1,256,629		33,346,686
Greene King plc		173,300		3,127,323
HBOS plc		820,440		15,350,982
Home Retail Group plc		750,200		5,721,374
HSBC Holdings plc^		1,452,000		26,560,121
ICAP plc		930,399		10,031,953
ITV plc		2,094,710		4,397,207
Johnson Matthey plc		145,679		4,968,647
Kazakhmys plc		269,400		7,744,253
Kingfisher plc		1,138,396		4,164,535
Man Group plc		2,173,910		24,618,683
Marston’s plc		324,000		2,243,930
Mitchells & Butlers plc		244,882		3,061,285
Reckitt Benckiser plc		209,027		12,282,661
Rio Tinto plc		281,882		24,384,169
Royal & Sun Alliance Insurance Group		951,491		3,007,730
Royal Bank of Scotland Group plc		1,482,809		15,927,593
SABMiller plc		229,100		6,524,841
Schroders plc		187,220		5,312,933
Smith & Nephew plc		622,641		7,611,693
Standard Chartered plc		504,904		16,528,537
Taylor Wimpey plc		461,860		2,605,743
Tesco plc		6,965,300		62,597,535
Trinity Mirror plc		430,300		3,627,222
Vodafone Group plc		13,256,621		47,872,177
Wm. Morrison Supermarkets plc		1,153,584		6,661,757
Wolseley plc		567,266		9,592,576
WPP Group plc		682,964		9,250,420
				531,429,516
United States (1.6%)
Las Vegas Sands Corp.*		167,696		22,374,000
Schlumberger Ltd		232,843		24,448,515
				46,822,515
Total Common Stocks (94.9%) (Cost $2,296,735,422)				2,839,858,913
RIGHTS:
Belgium (0.1%)
Fortis, expiring 11/08/07*		425,109		2,400,877
Total Rights (0.1%) (Cost $—)				2,400,877
	Principal Amount
SHORT-TERM INVESTMENTS:
Government Securities (1.0%)
U.S. Treasury Bills
3.77%, 1/10/08 (p)	$	7,153,000		7,077,400
3.81%, 1/31/08 (p)		2,938,000		2,900,294
3.88%, 2/7/08 (p)		2,791,000		2,752,476
(When Issued)
2.97%, 11/1/07 (p)		14,191,000		14,153,616
3.78%, 1/3/08 (p)		4,201,000		4,159,460
Total Government Securities				31,043,246
Short-Term Investments of Cash Collateral for Securities Loaned (14.2%)
Banco Bilbao Vizcaya Argentaria S.A.
5.28%, 10/1/07		7,021,437		7,021,437
Banco de Sabadell S.A.
5.40%, 4/23/09 (l)		4,579,198		4,579,198
Banesto S.A./Madrid
5.33%, 12/27/07		11,447,995		11,447,995
Barclays plc/Seoul
5.22%, 10/29/07		7,631,997		7,631,997
BBVA Senior Finance S.A.
5.75%, 3/12/10 (l)		3,358,079		3,358,079
Beta Finance, Inc.
4.87%, 1/31/08 (l)		610,560		610,560
4.87%, 3/10/08 (l)		1,526,254		1,526,254
BNP Paribas S.A.
5.20%, 10/1/07		16,378,265		16,378,265
CIT Group Holdings, Inc.
5.38%, 6/18/08 (l)		7,326,716		7,326,716
Citigroup Funding, Inc.
4.86%, 3/16/09 (l)		4,579,198		4,579,198
Citigroup Global Markets, Inc.
5.40%, 10/5/07(l)		3,574,522		3,574,522
Comerica Bank
5.78%, 3/16/09 (l)		1,526,262		1,526,262
Commerzbank AG/Frankfurt
5.20%, 10/1/07		1,114,271		1,114,271
Crown Point Capital Co. LLC, Series C
5.38%, 10/18/07		2,110,482		2,110,482
DekaBank Deutsche Girozentrale
5.38%, 10/28/08 (l)		3,968,638		3,968,638
Den Danske Bank/London
5.50%, 10/1/07		19,079,991		19,079,991
Deutsche Bank AG/London
4.84%, 10/18/07 (l)		9,158,396		9,158,396
Deutsche Bank AG/New York
5.35%, 1/22/08 (l)		1,526,399		1,526,399
Dexia Bank
5.13%, 10/1/07		7,631,997		7,631,997
Fenway Funding LLC
5.37%, 10/2/07		8,583,914		8,583,914
Fifth Third Bancorp
5.14%, 8/22/08 (l)		457,916		457,916
First Tennessee Bank
5.77%, 8/15/08 (l)		13,736,659		13,736,659
General Electric Capital Corp.
4.90%, 3/12/10 (l)		610,560		610,560
Glitnir banki hf
5.62%, 8/15/08 (l)		7,631,996		7,631,996

49

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MULTIMANAGER INTERNATIONAL EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2007 (Unaudited)

	Principal Amount		Value (Note 1)
Goldman Sachs Group, Inc.
5.73%, 12/3/07 (l)	$	1,679,039	$	1,679,039
5.37%, 8/18/08 (l)		3,052,799		3,052,799
4.91%, 3/27/09 (l)		4,273,918		4,273,918
Hartford Life, Inc.
5.80%, 9/26/08 (l)		1,221,119		1,221,119
ING Bank N.V./United States
5.85%, 12/28/07 (l)		11,447,995		11,447,995
IXIS Corporate & Investment Bank
5.28%, 10/1/07		15,263,993		15,263,993
K2 (USA) LLC
4.87%, 5/29/09 (l)		6,102,663		6,102,663
4.87%, 6/18/09 (l)		7,627,995		7,627,995
Kommunalkredit Austria AG
5.83%, 7/8/08 (l)		9,158,109		9,158,109
Lehman Brothers Holdings, Inc.
5.50%, 12/28/07 (l)		534,240		534,240
5.60%, 8/21/09 (l)		3,815,948		3,815,948
Links Finance LLC
4.87%, 6/25/09 (l)		2,288,598		2,288,598
Mane Funding Corp.
5.25%, 10/1/07		15,257,315		15,257,315
Market Street Funding Corp.
5.30%, 10/1/07		15,257,251		15,257,251
MBIA Global Funding LLC
4.87%, 3/30/09 (l)		3,815,998		3,815,998
Monumental Global Funding II
4.86%, 4/25/08 (l)		1,831,679		1,831,679
4.93%, 5/26/10 (l)		7,174,077		7,174,077
Morgan Stanley
5.40%, 5/7/09 (l)		7,631,997		7,631,997
Morgan Stanley, Repurchase Agreement
5.15%, 10/1/07 (r)		75,327,896		75,327,896
5.35%, 10/1/07 (r)		10,684,795		10,684,795
Natexis Banques Populaires N.Y.
4.87%, 1/28/08 (l)		4,579,198		4,579,198
New York Life Insurance Co.
5.42%, 12/28/07 (l)		5,189,757		5,189,757
Pricoa Global Funding I
4.90%, 6/25/10 (l)		4,577,938		4,577,938
Rheingold Securitization Ltd.
5.35%, 10/25/07		11,295,202		11,295,202
5.35%, 1/7/08		3,723,041		3,723,041
Royal Bank of Scotland plc/London
5.30%, 10/1/07		15,263,993		15,263,993
Simba Funding Corp.
5.25%, 10/1/07		15,257,315		15,257,315
Three Pillars Funding Corp.
5.25%, 10/1/07		15,257,315		15,257,315
Wachovia Bank N.A.
4.87%, 10/2/08 (l)		1,526,399		1,526,399
Total Short-Term Investments of Cash Collateral for Securities Loaned				425,289,284
Time Deposit (3.0%)
JPMorgan Chase Nassau
4.43%, 10/1/07		88,886,554		88,886,554
Total Short-Term Investments (18.2%) (Cost/Amortized Cost $545,222,587)				545,219,084
Total Investments (113.2%) (Cost/Amortized Cost $2,841,958,009)				3,387,478,874
Other Assets Less Liabilities (-13.2%)				(394,017,149	)
Net Assets (100%)			$	2,993,461,725

Market Sector Diversification
As a Percentage of Total Net Assets
Financials	22.0	%
Consumer Discretionary	16.3
Materials	12.0
Industrials	10.0
Energy	8.6
Consumer Staples	6.4
Information Technology	6.4
Health Care	5.4
Telecommunications Services	4.0
Utilities	3.9
Cash and Other	5.0
	100.0	%

* Non-income producing.

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

† Securities (totaling $21,199,756 or 0.71% of net assets) valued at fair value.

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

CVA — Dutch Certification

GDR — Global Depositary Receipt

REIT — Real Estate Investment Trust

RNC — Risparmio Non-Convertible Savings Shares

50

AXA PREMIER VIP TRUST

MULTIMANAGER INTERNATIONAL EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Concluded)

September 30, 2007 (Unaudited)

At September 30, 2007 the Portfolio had the following futures contracts open: (Note 1)

Purchase	Number of Contracts	Expiration Date	Original Value		Value at 9/30/07		Unrealized Appreciation
Dow Jones Euro Stock 50 Index	185	December-07	$	11,135,311	$	11,636,251	$	500,940

Investment security transactions for the nine months ended September 30, 2007 were as follows:

Cost of Purchases:
Stocks and long-term corporate debt securities	$	1,376,156,071
Net Proceeds of Sales and Redemptions:
Stocks and long-term corporate debt securities	$	876,936,097

As of September 30, 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	$	585,912,046
Aggregate gross unrealized depreciation		(48,938,994	)
Net unrealized appreciation	$	536,973,052
Federal income tax cost of investments	$	2,850,505,822

At September 30, 2007, the Portfolio had loaned securities with a total value of $405,967,094. This was secured by collateral of $425,289,284 which was received as cash and subsequently invested in short-term investments as reported in the portfolio of investments.

See Notes to Portfolio of Investments.

51

AXA PREMIER VIP TRUST

MULTIMANAGER LARGE CAP CORE EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS

September 30, 2007 (Unaudited)

	Number of Shares	Value (Note 1)
COMMON STOCKS:
Consumer Discretionary (11.3%)
Auto Components (0.4%)
Autoliv, Inc.^	18,200	$	1,087,450
BorgWarner, Inc.^	11,000		1,006,830
Lear Corp.*^	24,600		789,660
Magna International, Inc., Class A	12,800		1,232,768
			4,116,708
Automobiles (0.4%)
DaimlerChrysler AG	17,000		1,703,400
General Motors Corp.^	60,900		2,235,030
			3,938,430
Hotels, Restaurants & Leisure (2.0%)
Las Vegas Sands Corp.*	102,700		13,702,234
McDonald’s Corp.	54,800		2,984,956
Melco PBL Entertainment Macau Ltd. (ADR)*^	253,415		4,181,347
			20,868,537
Household Durables (0.7%)
Black & Decker Corp.^	16,600		1,382,780
Centex Corp.^	29,200		775,844
KB Home^	28,100		704,186
Pulte Homes, Inc.^	70,400		958,144
Sony Corp. (ADR)^	62,220		2,990,293
			6,811,247
Internet & Catalog Retail (0.9%)
Liberty Media Corp., Interactive, Class A*	476,115		9,146,169
Leisure Equipment & Products (0.1%)
Mattel, Inc.	25,500		598,230
Media (4.0%)
CBS Corp., Class B^	59,000		1,858,500
Comcast Corp., Class A*	25,300		611,754
Comcast Corp., Special Class A*	635,547		15,227,706
DIRECTV Group, Inc.*	473,000		11,484,440
Gannett Co., Inc.^	38,100		1,664,970
Idearc, Inc.^	42,400		1,334,328
Interpublic Group of Cos., Inc.*^	66,100		686,118
Time Warner, Inc.	124,300		2,282,148
Tribune Co.	21,990		600,767
Viacom, Inc., Class B*	61,300		2,388,861
Walt Disney Co.	94,700		3,256,733
			41,396,325
Multiline Retail (1.2%)
Dillard’s, Inc., Class A^	18,500		403,855
Dollar Tree Stores, Inc.*	28,900		1,171,606
Family Dollar Stores, Inc.^	28,300		751,648
Macy’s, Inc.	61,600		1,990,912
Nordstrom, Inc.	134,590		6,310,925
Target Corp.	21,500		1,366,755
			11,995,701
Specialty Retail (0.7%)
Gap, Inc.	76,300		1,406,972
Home Depot, Inc.	82,400		2,673,056
Limited Brands, Inc.^	4,400		100,716
Lowe’s Cos., Inc.	87,700		2,457,354
Office Depot, Inc.*^	29,400		606,228
Sherwin-Williams Co.^	7,700		505,967
			7,750,293
Textiles, Apparel & Luxury Goods (0.9%)
Jones Apparel Group, Inc.^	31,300		661,369
NIKE, Inc., Class B	125,310		7,350,685
VF Corp.	16,600		1,340,450
			9,352,504
Total Consumer Discretionary			115,974,144
Consumer Staples (8.0%)
Beverages (0.8%)
Coca-Cola Co.	48,900		2,810,283
Molson Coors Brewing Co., Class B	6,600		657,822
PepsiCo, Inc.	59,300		4,344,318
			7,812,423
Food & Staples Retailing (2.1%)
CVS Caremark Corp.	194,783		7,719,250
Kroger Co.	38,000		1,083,760
Rite Aid Corp.*^	1,655,600		7,648,872
Safeway, Inc.	47,700		1,579,347
Wal-Mart Stores, Inc.	81,400		3,553,110
			21,584,339
Food Products (1.6%)
Cadbury Schweppes plc (ADR)	59,595		2,772,360
General Mills, Inc.	24,800		1,438,648
Kellogg Co.	26,100		1,461,600
Kraft Foods, Inc., Class A	253,900		8,762,089
Sara Lee Corp.	112,400		1,875,956
			16,310,653
Household Products (0.9%)
Colgate-Palmolive Co.	22,900		1,633,228
Kimberly-Clark Corp.	23,700		1,665,162
Procter & Gamble Co.	93,100		6,548,654
			9,847,044
Personal Products (0.9%)
Avon Products, Inc.	240,540		9,027,466
Tobacco (1.7%)
Altria Group, Inc.	260,215		18,092,749
Total Consumer Staples			82,674,674
Energy (6.5%)
Energy Equipment & Services (0.1%)
Schlumberger Ltd.^	3,200		336,000
Oil, Gas & Consumable Fuels (6.4%)
Apache Corp.	126,300		11,374,578
BP plc (ADR)	21,100		1,463,285
Chevron Corp.	67,200		6,288,576
ConocoPhillips	241,120		21,163,102
EOG Resources, Inc.	61,300		4,433,829
Exxon Mobil Corp.	110,200		10,200,112
Marathon Oil Corp.	46,600		2,657,132
Royal Dutch Shell plc, Class A (ADR)	20,700		1,701,126
Total S.A. (Sponsored ADR)	18,300		1,482,849
Valero Energy Corp.	77,115		5,180,586
			65,945,175
Total Energy			66,281,175
Financials (19.0%)
Capital Markets (4.3%)
Charles Schwab Corp.	311,900		6,737,040
Deutsche Bank AG (Registered)	10,700		1,373,773
Goldman Sachs Group, Inc.	77,550		16,808,187
Janus Capital Group, Inc.^	31,900		902,132
Merrill Lynch & Co., Inc.	32,300		2,302,344
Morgan Stanley^	49,500		3,118,500
optionsXpress Holdings, Inc.^	117,775		3,078,639
UBS AG (Registered)	174,285		9,280,676
Waddell & Reed Financial, Inc.^	27,600		746,028
			44,347,319
Commercial Banks (1.9%)
Comerica, Inc.	26,600		1,364,048
Fifth Third Bancorp	47,200		1,599,136
KeyCorp	7,975		257,832

52

AXA PREMIER VIP TRUST

MULTIMANAGER LARGE CAP CORE EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2007 (Unaudited)

	Number of Shares	Value (Note 1)
National City Corp.	49,200	$	1,234,428
SunTrust Banks, Inc.	7,000		529,690
U.S. Bancorp	62,900		2,046,137
Wachovia Corp.	234,600		11,765,190
Wells Fargo & Co.	32,200		1,146,964
			19,943,425
Consumer Finance (1.7%)
American Express Co.	219,055		13,005,295
SLM Corp.	85,845		4,263,921
			17,269,216
Diversified Financial Services (3.3%)
Bank of America Corp.	125,600		6,313,912
Citigroup, Inc.	256,650		11,977,855
CME Group, Inc.	18,453		10,838,370
JPMorgan Chase & Co.	101,800		4,664,476
			33,794,613
Insurance (5.0%)
ACE Ltd.	33,300		2,016,981
Aflac, Inc.	5,000		285,200
Allstate Corp.	209,000		11,952,710
Ambac Financial Group, Inc.^	26,100		1,641,951
American International Group, Inc	220,400		14,910,060
Aon Corp.^	39,500		1,769,995
Chubb Corp.	30,800		1,652,112
Fidelity National Financial, Inc., Class A^	28,600		499,928
Genworth Financial, Inc., Class A	61,600		1,892,968
Hartford Financial Services Group, Inc.	15,500		1,434,525
MBIA, Inc.^	22,400		1,367,520
MetLife, Inc.	39,300		2,740,389
Old Republic International Corp.^	76,600		1,435,484
PartnerReinsurance Ltd.^	900		71,091
Prudential Financial, Inc.	7,600		741,608
RenaissanceReinsurance Holdings Ltd.^	11,800		771,838
Torchmark Corp.	16,100		1,003,352
Travelers Cos., Inc.	42,800		2,154,552
Unum Group	70,300		1,720,241
XL Capital Ltd., Class A	17,800		1,409,760
			51,472,265
Thrifts & Mortgage Finance (2.8%)
Fannie Mae	211,455		12,858,578
Freddie Mac	219,066		12,927,085
MGIC Investment Corp.^	23,300		752,823
Washington Mutual, Inc.	65,100		2,298,681
			28,837,167
Total Financials			195,664,005
Health Care (12.4%)
Biotechnology (3.7%)
Celgene Corp.*	81,440		5,807,486
Genentech, Inc.*	259,950		20,281,299
Gilead Sciences, Inc.*	208,100		8,505,047
OSI Pharmaceuticals, Inc.*^	90,040		3,060,460
			37,654,292
Health Care Equipment & Supplies (1.8%)
Alcon, Inc.	25,804		3,713,712
Covidien Ltd.*	20,125		835,187
Cytyc Corp.*^	150,284		7,161,033
Varian Medical Systems, Inc.*	155,000		6,492,950
			18,202,882
Health Care Providers & Services (2.6%)
AmerisourceBergen Corp.	32,600		1,477,758
Cardinal Health, Inc.	15,900		994,227
Coventry Health Care, Inc.*	150,025		9,333,055
McKesson Corp.	28,100		1,651,999
PharMerica Corp.*^	2,718		40,553
UnitedHealth Group, Inc	6,700		324,481
WellPoint, Inc.*	169,250		13,357,210
			27,179,283
Health Care Technology (0.4%)
Eclipsys Corp.*^	187,024		4,361,399
Pharmaceuticals (3.9%)
Abbott Laboratories	6,300		337,806
Eli Lilly & Co.	53,600		3,051,448
Johnson & Johnson	38,875		2,554,087
Merck & Co., Inc.	205,240		10,608,856
Pfizer, Inc.	368,025		8,990,851
Roche Holding AG	32,700		5,929,113
Teva Pharmaceutical Industries Ltd. (ADR)^	192,700		8,569,369
Wyeth	12,400		552,420
			40,593,950
Total Health Care			127,991,806
Industrials (7.5%)
Aerospace & Defense (1.4%)
Boeing Co.	112,940		11,857,571
Lockheed Martin Corp.	11,800		1,280,182
Northrop Grumman Corp.	21,700		1,692,600
			14,830,353
Air Freight & Logistics (0.0%)
United Parcel Service, Inc., Class B	600		45,060
Airlines (0.5%)
JetBlue Airways Corp.*^	535,100		4,933,622
Commercial Services & Supplies (0.2%)
Pitney Bowes, Inc.	37,500		1,703,250
Industrial Conglomerates (3.3%)
General Electric Co.^	795,630		32,939,082
Tyco International Ltd.	20,125		892,342
			33,831,424
Machinery (1.0%)
Caterpillar, Inc.	36,700		2,878,381
Cummins, Inc.^	22,200		2,839,158
Eaton Corp.	19,250		1,906,520
Ingersoll-Rand Co., Ltd., Class A	20,000		1,089,400
SPX Corp.	14,000		1,295,840
			10,009,299
Road & Rail (1.1%)
Avis Budget Group, Inc.*^	32,800		750,792
Hertz Global Holdings, Inc.*^	489,550		11,122,576
			11,873,368
Total Industrials			77,226,376
Information Technology (21.1%)
Communications Equipment (5.4%)
Cisco Systems, Inc.*	174,200		5,767,762
Corning, Inc.	708,450		17,463,292
Motorola, Inc.	589,150		10,916,950
Nokia Oyj (ADR)	242,045		9,180,767
QUALCOMM, Inc.	207,170		8,755,004
Research In Motion Ltd.*	40,860		4,026,753
			56,110,528
Computers & Peripherals (5.0%)
Apple, Inc.*	72,395		11,115,528
Dell, Inc.*	210,200		5,801,520
EMC Corp.*	529,435		11,012,248
Hewlett-Packard Co.	342,645		17,060,295
International Business Machines Corp.	48,400		5,701,520

53

AXA PREMIER VIP TRUST

MULTIMANAGER LARGE CAP CORE EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2007 (Unaudited)

	Number of Shares		Value (Note 1)
Lexmark International, Inc., Class A*		22,700	$	942,731
				51,633,842
Electronic Equipment & Instruments (0.5%)
Arrow Electronics, Inc.*		36,700		1,560,484
Avnet, Inc.*		25,500		1,016,430
Ingram Micro, Inc., Class A*^		16,000		313,760
Sanmina-SCI Corp.*		46,300		98,156
Solectron Corp.*		154,400		602,160
Tech Data Corp.*^		17,600		706,112
Tyco Electronics Ltd		20,125		713,029
				5,010,131
Internet Software & Services (3.1%)
Akamai Technologies, Inc.*		78,275		2,248,841
eBay, Inc.*		191,335		7,465,892
Google, Inc., Class A*		33,426		18,961,567
Yahoo!, Inc.*		136,000		3,650,240
				32,326,540
IT Services (0.5%)
Accenture Ltd., Class A		21,200		853,300
Ceridian Corp.*^		12,900		448,146
Electronic Data Systems Corp		53,800		1,174,992
Western Union Co		105,520		2,212,754
				4,689,192
Semiconductors & Semiconductor Equipment (4.1%)
Cypress Semiconductor Corp.*^		226,055		6,603,066
Intel Corp		527,810		13,649,166
KLA-Tencor Corp		95,665		5,336,194
ON Semiconductor Corp.*^		326,300		4,098,328
Samsung Electronics Co., Ltd. (GDR)^§		9,878		3,103,234
Taiwan Semiconductor Manufacturing Co., Ltd. (ADR)		126,830		1,283,520
Texas Instruments, Inc		221,515		8,105,234
				42,178,742
Software (2.5%)
Microsoft Corp		464,257		13,677,011
NAVTEQ Corp.*		74,020		5,771,339
Oracle Corp.*		155,300		3,362,245
SAP AG (Sponsored ADR)^		43,840		2,572,093
				25,382,688
Total Information Technology				217,331,663
Materials (4.4%)
Chemicals (2.5%)
Air Products & Chemicals, Inc		109,800		10,734,048
Ashland, Inc		20,800		1,252,368
Dow Chemical Co		46,500		2,002,290
E.I. du Pont de Nemours & Co.		49,500		2,453,220
Lubrizol Corp.^		22,800		1,483,368
Syngenta AG (ADR)^		179,635		7,783,585
				25,708,879
Containers & Packaging (0.6%)
Ball Corp		32,000		1,720,000
Crown Holdings, Inc.*		39,800		905,848
Owens-Illinois, Inc.*^		54,400		2,254,880
Sonoco Products Co		25,000		754,500
				5,635,228
Metals & Mining (1.3%)
ArcelorMittal (N.Y. Shares)^		32,000		2,507,520
Freeport-McMoRan Copper & Gold, Inc.^		107,363		11,261,305
				13,768,825
Total Materials				45,112,932
Telecommunication Services (4.6%)
Diversified Telecommunication Services (2.5%)
AT&T, Inc		185,300		7,840,043
Chunghwa Telecom Co., Ltd. (ADR)^		395,820		7,314,754
Level 3 Communications, Inc.*^.		1,433,400		6,665,310
Verizon Communications, Inc		98,800		4,374,864
				26,194,971
Wireless Telecommunication Services (2.1%)
China Mobile Ltd		519,100		8,500,476
Crown Castle International Corp.*		191,100		7,764,393
Sprint Nextel Corp		152,300		2,893,700
Vodafone Group plc (ADR)		53,100		1,927,530
				21,086,099
Total Telecommunication Services				47,281,070
Utilities (1.6%)
Electric Utilities (1.4%)
American Electric Power Co., Inc.		43,300		1,995,264
Entergy Corp		106,300		11,511,227
Pinnacle West Capital Corp.^		20,300		802,053
				14,308,544
Independent Power Producers & Energy Traders (0.2%)
Constellation Energy Group, Inc.		22,400		1,921,696
Total Utilities				16,230,240
Total Common Stocks (96.4%) (Cost $ 863,120,964)				991,768,085
	Principal Amount
SHORT-TERM INVESTMENTS:
Commercial Paper (0.1%)
Giro Balanced Funding Corp.
5.90%, 10/1/07 (n)(p)§	$	700,000		699,885
Government Security (1.3%)
Federal Home Loan Bank
4.00%, 10/1/07 (o)(p)		12,900,000		12,898,567
Short-Term Investments of Cash Collateral for Securities Loaned (10.4%)
Banco Bilbao Vizcaya Argentaria S.A.
5.28%, 10/1/07		1,773,443		1,773,443
Banco de Sabadell S.A.
5.40%, 4/23/09 (l)		1,156,594		1,156,594
Banesto S.A./Madrid
5.33%, 12/27/07		2,891,483		2,891,483
Barclays plc/Seoul
5.22%, 10/29/07		1,927,655		1,927,655
BBVA Senior Finance S.A.
5.75%, 3/12/10 (l)		848,168		848,168
Beta Finance, Inc.
4.87%, 1/31/08 (l)		154,212		154,212
4.87%, 3/10/08 (l)		385,494		385,494
BNP Paribas S.A.
5.20%, 10/1/07		4,136,748		4,136,748
CIT Group Holdings, Inc.
5.38%, 6/18/08 (l)		1,850,549		1,850,549
Citigroup Funding, Inc.
4.86%, 3/16/09 (l)		1,156,593		1,156,593
Citigroup Global Markets, Inc.
5.40%, 10/5/07 (l)		902,837		902,837
Comerica Bank
5.78%, 3/16/09 (l)		385,496		385,496

54

AXA PREMIER VIP TRUST

MULTIMANAGER LARGE CAP CORE EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2007 (Unaudited)

	Principal Amount		Value (Note 1)
Commerzbank AG/Frankfurt
5.20%, 10/1/07	$	281,438	$	281,438
Crown Point Capital Co. LLC, Series C
5.38%, 10/18/07		533,056		533,056
DekaBank Deutsche Girozentrale
5.38%, 10/28/08 (l)		1,002,381		1,002,381
Den Danske Bank/London
5.50%, 10/1/07		4,819,137		4,819,137
Deutsche Bank AG/London
4.84%, 10/18/07 (l)		2,313,186		2,313,186
Deutsche Bank AG/New York
5.35%, 1/22/08 (l)		385,531		385,531
Dexia Bank
5.13%, 10/1/07		1,927,655		1,927,655
Fenway Funding LLC
5.37%, 10/2/07		2,168,086		2,168,086
Fifth Third Bancorp
5.14%, 8/22/08 (l)		115,658		115,658
First Tennessee Bank
5.77%, 8/15/08 (l)		3,469,543		3,469,543
General Electric Capital Corp.
4.90%, 3/12/10 (l)		154,212		154,212
Glitnir banki hf
5.62%, 8/15/08 (l)		1,927,655		1,927,655
Goldman Sachs Group, Inc.
5.73%, 12/3/07 (l)		424,084		424,084
5.37%, 8/18/08 (l)		771,062		771,062
4.91%, 3/27/09 (l)		1,079,487		1,079,487
Hartford Life, Inc.
5.80%, 9/26/08 (l)		308,425		308,425
ING Bank N.V./United States
5.85%, 12/28/07 (l)		2,891,483		2,891,483
IXIS Corporate & Investment Bank
5.28%, 10/1/07		3,855,310		3,855,310
K2 (USA) LLC
4.87%, 5/29/09 (l)		1,541,383		1,541,383
4.87%, 6/18/09 (l)		1,926,644		1,926,644
Kommunalkredit Austria AG
5.83%, 7/8/08 (l)		2,313,114		2,313,114
Lehman Brothers Holdings, Inc.
5.50%, 12/28/07 (l)		134,936		134,936
5.60%, 8/21/09 (l)		963,815		963,815
Links Finance LLC
4.87%, 6/25/09 (l)		578,044		578,044
Mane Funding Corp.
5.25%, 10/1/07		3,853,624		3,853,624
Market Street Funding Corp.
5.30%, 10/1/07		3,853,607		3,853,607
MBIA Global Funding LLC
4.87%, 3/30/09 (l)		963,828		963,828
Monumental Global Funding II
4.86%, 4/25/08 (l)		462,637		462,637
4.93%, 5/26/10 (l)		1,811,996		1,811,996
Morgan Stanley
5.40%, 5/7/09 (l)		1,927,655		1,927,655
Morgan Stanley, Repurchase Agreement
5.15%, 10/1/07 (r)		19,025,978		19,025,978
5.35%, 10/1/07 (r)		2,698,717		2,698,717
Natexis Banques Populaires N.Y.
4.87%, 1/28/08 (l)		1,156,593		1,156,593
New York Life Insurance Co.
5.42%, 12/28/07 (l)		1,310,806		1,310,806
Pricoa Global Funding I
4.90%, 6/25/10 (l)		1,156,275		1,156,275
Rheingold Securitization Ltd.
5.35%, 10/25/07		2,852,891		2,852,891
5.35%, 1/7/08		940,349		940,349
Royal Bank of Scotland plc/London
5.30%, 10/1/07		3,855,310		3,855,310
Simba Funding Corp.
5.25%, 10/1/07		3,853,624		3,853,624
Three Pillars Funding Corp.
5.25%, 10/1/07		3,853,624		3,853,624
Wachovia Bank N.A.
4.87%, 10/2/08 (l)		385,531		385,531
Total Short-Term Investments of Cash Collateral for Securities Loaned				107,417,642
Time Deposit (2.9%)
JPMorgan Chase Nassau
4.43%, 10/1/07		30,297,637		30,297,637
Total Short-Term Investments (14.7%) (Cost/Amortized Cost $151,315,278)				151,313,731
Total Investments (111.1%) (Cost/Amortized Cost $1,014,436,242)				1,143,081,816
Other Assets Less Liabilities (-11.1%)				(113,975,727	)
Net Assets (100%)			$	1,029,106,089

* Non-income producing.

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

§ Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may only be resold to qualified institutional buyers. At September 30, 2007, the market value of these securities amounted to $3,803,119 or 0.37% of net assets. Securities denoted with “§” but without “(b)” have been determined to be liquid under the guidelines established by the Board of Trustees. To the extent any securities might provide a right to demand registration, such rights have not been relied upon when determining liquidity.

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

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

GDR — Global Depositary Receipt

55

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MULTIMANAGER LARGE CAP CORE EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Concluded)

September 30, 2007 (Unaudited)

Investment security transactions for the nine months ended September 30, 2007 were as follows:

Cost of Purchases:
Stocks and long-term corporate debt securities	$	233,057,483
Net Proceeds of Sales and Redemptions:
Stocks and long-term corporate debt securities	$	190,679,744
As of September 30, 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	$	145,254,974
Aggregate gross unrealized depreciation		(18,458,699	)
Net unrealized appreciation	$	126,796,275
Federal income tax cost of investments	$	1,016,285,541

At September 30, 2007, the Portfolio had loaned securities with a total value of $106,112,634. This was secured by collateral of $107,417,642 which was received as cash and subsequently invested in short-term investments as reported in the portfolio of investments.

See Notes to Portfolio of Investments.

56

AXA PREMIER VIP TRUST

MULTIMANAGER LARGE CAP GROWTH PORTFOLIO

PORTFOLIO OF INVESTMENTS

September 30, 2007 (Unaudited)

	Number of Shares	Value (Note 1)
COMMON STOCKS:
Consumer Discretionary (12.0%)
Hotels, Restaurants & Leisure (3.5%)
International Game Technology	53,600	$	2,310,160
Las Vegas Sands Corp.*	35,895		4,789,111
Marriott International, Inc., Class A	39,400		1,712,718
MGM MIRAGE*	14,700		1,314,768
Starbucks Corp.*^	52,325		1,370,915
Starwood Hotels & Resorts Worldwide, Inc.	46,925		2,850,694
			14,348,366
Household Durables (0.6%)
Harman International Industries, Inc.	9,500		821,940
Pulte Homes, Inc.	113,650		1,546,776
			2,368,716
Internet & Catalog Retail (3.0%)
Amazon.com, Inc.*^	134,515		12,530,072
Media (1.4%)
Comcast Corp., Class A*	99,250		2,399,865
Walt Disney Co.	54,225		1,864,798
XM Satellite Radio Holdings, Inc., Class A*	125,500		1,778,335
			6,042,998
Multiline Retail (1.7%)
J.C. Penney Co., Inc.^	29,550		1,872,583
Kohl’s Corp.*	46,000		2,637,180
Target Corp.	41,200		2,619,084
			7,128,847
Specialty Retail (0.6%)
Bed Bath & Beyond, Inc.*	35,500		1,211,260
Lowe’s Cos., Inc.	49,000		1,372,980
			2,584,240
Textiles, Apparel & Luxury Goods (1.2%)
Coach, Inc.*	76,446		3,613,603
Polo Ralph Lauren Corp.^	15,775		1,226,506
			4,840,109
Total Consumer Discretionary			49,843,348
Consumer Staples (3.4%)
Beverages (0.7%)
PepsiCo, Inc.	41,000		3,003,660
Food & Staples Retailing (1.5%)
CVS Caremark Corp.	76,608		3,035,975
Walgreen Co.	67,300		3,179,252
			6,215,227
Household Products (1.2%)
Colgate-Palmolive Co.	33,450		2,385,654
Procter & Gamble Co.	36,850		2,592,029
			4,977,683
Total Consumer Staples			14,196,570
Energy (6.2%)
Energy Equipment & Services (5.1%)
Schlumberger Ltd	162,450		17,057,250
Transocean, Inc.*^	22,900		2,588,845
Weatherford International Ltd.*	23,650		1,588,807
			21,234,902
Oil, Gas & Consumable Fuels (1.1%)
Canadian Natural Resources Ltd.	19,950		1,511,213
XTO Energy, Inc.	45,300		2,801,352
			4,312,565
Total Energy			25,547,467
Financials (9.4%)
Capital Markets (3.7%)
Franklin Resources, Inc.	35,975		4,586,812
Goldman Sachs Group, Inc.	13,075		2,833,876
Morgan Stanley	47,200		2,973,600
State Street Corp.	72,000		4,907,520
			15,301,808
Commercial Banks (1.6%)
Commerce Bancorp, Inc./ New Jersey^	133,775		5,187,795
Zions Bancorp	18,800		1,290,996
			6,478,791
Diversified Financial Services (1.9%)
CME Group, Inc.^	4,100		2,408,135
Interactive Brokers Group, Inc.*^	29,900		785,174
IntercontinentalExchange, Inc.*	31,975		4,857,002
			8,050,311
Insurance (1.9%)
American International Group, Inc.	19,200		1,298,880
MetLife, Inc.	21,425		1,493,965
Progressive Corp.	268,400		5,209,644
			8,002,489
Thrifts & Mortgage Finance (0.3%)
Countrywide Financial Corp.^	58,665		1,115,222
Total Financials			38,948,621
Health Care (16.5%)
Biotechnology (6.8%)
Celgene Corp.*	74,825		5,335,771
Cephalon, Inc.*^	40,000		2,922,400
Genentech, Inc.*	115,445		9,007,019
Genzyme Corp.*	77,860		4,824,206
Gilead Sciences, Inc.*	150,750		6,161,152
			28,250,548
Health Care Equipment & Supplies (3.0%)
Medtronic, Inc	82,100		4,631,261
St. Jude Medical, Inc.*	70,075		3,088,205
Stryker Corp.	24,491		1,684,001
Varian Medical Systems, Inc.*	74,700		3,129,183
			12,532,650
Health Care Providers & Services (2.1%)
Humana, Inc.*	20,575		1,437,781
UnitedHealth Group, Inc.	36,250		1,755,588
WellPoint, Inc.*	68,000		5,366,560
			8,559,929
Health Care Technology (0.5%)
Cerner Corp.*^	33,600		2,009,616
Life Sciences Tools & Services (0.5%)
Thermo Fisher Scientific, Inc.*	31,875		1,839,825
Pharmaceuticals (3.6%)
Abbott Laboratories	77,050		4,131,421
Allergan, Inc.	26,200		1,689,114
Merck & Co., Inc.	87,275		4,511,245
Schering-Plough Corp.	149,875		4,740,546
			15,072,326
Total Health Care			68,264,894
Industrials (10.7%)
Aerospace & Defense (2.6%)
Boeing Co.	35,500		3,727,145
General Dynamics Corp.	48,775		4,120,024
United Technologies Corp.	34,525		2,778,572
			10,625,741
Air Freight & Logistics (2.3%)
CH Robinson Worldwide, Inc.	74,995		4,071,479
Expeditors International of Washington, Inc.	114,420		5,412,066
			9,483,545

57

AXA PREMIER VIP TRUST

MULTIMANAGER LARGE CAP GROWTH PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2007 (Unaudited)

	Number of Shares		Value (Note 1)
Airlines (0.5%)
Southwest Airlines Co.		142,700	$	2,111,960
Commercial Services & Supplies (0.2%)
Monster Worldwide, Inc.*		29,100		991,146
Construction & Engineering (0.3%)
Foster Wheeler Ltd.*		9,200		1,207,776
Industrial Conglomerates (3.6%)
General Electric Co.		336,850		13,945,590
McDermott International, Inc.*		19,200		1,038,336
				14,983,926
Machinery (1.2%)
Caterpillar, Inc.		16,750		1,313,702
Danaher Corp.		45,700		3,779,847
				5,093,549
Total Industrials				44,497,643
Information Technology (33.8%)
Communications Equipment (6.0%)
Cisco Systems, Inc.*		183,725		6,083,135
Corning, Inc.		74,000		1,824,100
Juniper Networks, Inc.*		92,800		3,397,408
QUALCOMM, Inc.		260,070		10,990,558
Research In Motion Ltd.*^		27,525		2,712,589
				25,007,790
Computers & Peripherals (5.2%)
Apple, Inc.*^		47,400		7,277,796
Dell, Inc.*		84,450		2,330,820
EMC Corp.*		142,025		2,954,120
Hewlett-Packard Co.		83,025		4,133,815
Network Appliance, Inc.*		128,390		3,454,975
SanDisk Corp.*		25,709		1,416,566
				21,568,092
Internet Software & Services (7.8%)
eBay, Inc.*		206,200		8,045,924
Google, Inc., Class A*		34,400		19,514,088
VeriSign, Inc.*		97,245		3,281,046
Yahoo!, Inc.*		51,325		1,377,563
				32,218,621
IT Services (1.5%)
Accenture Ltd., Class A		62,500		2,515,625
Automatic Data Processing, Inc.		37,100		1,704,003
Cognizant Technology Solutions Corp., Class A*^		26,075		2,080,003
				6,299,631
Semiconductors & Semiconductor Equipment (5.4%)
Analog Devices, Inc.		67,600		2,444,416
Applied Materials, Inc.		69,900		1,446,930
ASML Holding N.V. (N.Y. Shares)*^		45,300		1,488,558
Broadcom Corp., Class A*^		114,750		4,181,490
Intel Corp.		199,875		5,168,767
Marvell Technology Group Ltd.*		169,600		2,776,352
Texas Instruments, Inc.		62,425		2,284,131
Xilinx, Inc.		107,800		2,817,892
				22,608,536
Software (7.9%)
Adobe Systems, Inc.*		104,275		4,552,646
Autodesk, Inc.*		149,270		7,459,022
Electronic Arts, Inc.*		38,400		2,150,016
Microsoft Corp.		281,050		8,279,733
Red Hat, Inc.*^		50,200		997,474
Salesforce.com, Inc.*^		178,800		9,176,016
				32,614,907
Total Information Technology				140,317,577
Materials (2.7%)
Chemicals (1.4%)
Air Products & Chemicals, Inc.		21,475	$	2,099,396
Monsanto Co.		44,625		3,826,147
				5,925,543
Metals & Mining (1.3%)
Allegheny Technologies, Inc.		48,165		5,295,742
Total Materials				11,221,285
Telecommunication Services (2.2%)
Wireless Telecommunication Services (2.2%)
American Tower Corp., Class A*		141,400		6,156,556
Crown Castle International Corp.*		37,400		1,519,562
MetroPCS Communications, Inc.*^		50,300		1,372,184
Total Telecommunication Services				9,048,302
Total Common Stocks (96.9%) (Cost $ 327,017,038)				401,885,707
	Principal Amount
SHORT-TERM INVESTMENTS
Short-Term Investments of Cash Collateral for Securities Loaned (11.1%)
Banco Bilbao Vizcaya Argentaria S.A.
5.28%, 10/1/07	$	761,413		761,413
Banco de Sabadell S.A.
5.40%, 4/23/09 (l)		496,573		496,573
Banesto S.A./Madrid
5.33%, 12/27/07		1,241,434		1,241,434
Barclays plc/Seoul
5.22%, 10/29/07		827,623		827,623
BBVA Senior Finance S.A.
5.75%, 3/12/10 (l)		364,154		364,154
Beta Finance, Inc.
4.87%, 1/31/08 (l)		66,210		66,210
4.87%, 3/10/08 (l)		165,509		165,509
BNP Paribas S.A.
5.20%, 10/1/07		1,776,079		1,776,079
CIT Group Holdings, Inc.
5.38%, 6/18/08 (l)		794,518		794,518
Citigroup Funding, Inc.
4.86%, 3/16/09 (l)		496,574		496,574
Citigroup Global Markets, Inc.
5.40%, 10/5/07 (l)		387,625		387,625
Comerica Bank
5.78%, 3/16/09 (l)		165,510		165,510
Commerzbank AG/Frankfurt
5.20%, 10/1/07		120,833		120,833
Crown Point Capital Co. LLC, Series C
5.38%, 10/18/07		228,863		228,863
DekaBank Deutsche Girozentrale
5.38%, 10/28/08 (l)		430,364		430,364
Den Danske Bank/London
5.50%, 10/1/07		2,069,057		2,069,057
Deutsche Bank AG/London
4.84%, 10/18/07 (l)		993,147		993,147
Deutsche Bank AG/New York
5.35%, 1/22/08 (l)		165,525		165,525
Dexia Bank
5.13%, 10/1/07		827,623		827,623
Fenway Funding LLC
5.37%, 10/2/07		930,850		930,850
Fifth Third Bancorp
5.14%, 8/22/08 (l)		49,657		49,657
First Tennessee Bank
5.77%, 8/15/08 (l)		1,489,620		1,489,620

58

AXA PREMIER VIP TRUST

MULTIMANAGER LARGE CAP GROWTH PORTFOLIO

PORTFOLIO OF INVESTMENTS (Concluded)

September 30, 2007 (Unaudited)

	Principal Amount		Value (Note 1)
General Electric Capital Corp.
4.90%, 3/12/10 (l)	$	66,210	$	66,210
Glitnir banki hf
5.62%, 8/15/08 (l)		827,623		827,623
Goldman Sachs Group, Inc.
5.73%, 12/3/07 (l)		182,077		182,077
5.37%, 8/18/08 (l)		331,049		331,049
4.91%, 3/27/09 (l)		463,468		463,468
Hartford Life, Inc.
5.80%, 9/26/08 (l)		132,420		132,420
ING Bank N.V./United States
5.85%, 12/28/07 (l)		1,241,434		1,241,434
IXIS Corporate & Investment Bank
5.28%, 10/1/07		1,655,246		1,655,246
K2 (USA) LLC
4.87%, 5/29/09 (l)		661,780		661,780
4.87%, 6/18/09 (l)		827,189		827,189
Kommunalkredit Austria AG
5.83%, 7/8/08 (l)		993,116		993,116
Lehman Brothers Holdings, Inc.
5.50%, 12/28/07 (l)		57,934		57,934
5.60%, 8/21/09 (l)		413,806		413,806
Links Finance LLC
4.87%, 6/25/09 (l)		248,178		248,178
Mane Funding Corp.
5.25%, 10/1/07		1,654,521		1,654,521
Market Street Funding Corp.
5.30%, 10/1/07		1,654,515		1,654,515
MBIA Global Funding LLC
4.87%, 3/30/09 (l)		413,811		413,811
Monumental Global Funding II
4.86%, 4/25/08 (l)		198,629		198,629
4.93%, 5/26/10 (l)		777,965		777,965
Morgan Stanley
5.40%, 5/7/09 (l)		827,623		827,623
Morgan Stanley, Repurchase Agreement
5.15%, 10/1/07 (r)		8,168,648		8,168,648
5.35%, 10/1/07 (r)		1,158,672		1,158,672
Natexis Banques Populaires N.Y.
4.87%, 1/28/08 (l)		496,574		496,574
New York Life Insurance Co.
5.42%, 12/28/07 (l)		562,783		562,783
Pricoa Global Funding I
4.90%, 6/25/10 (l)		496,437		496,437
Rheingold Securitization Ltd.
5.35%, 10/25/07		1,224,865		1,224,865
5.35%, 1/7/08		403,731		403,731
Royal Bank of Scotland plc/London
5.30%, 10/1/07		1,655,246		1,655,246
Simba Funding Corp.
5.25%, 10/1/07		1,654,521		1,654,521
Three Pillars Funding Corp.
5.25%, 10/1/07		1,654,521		1,654,521
Wachovia Bank N.A.
4.87%, 10/2/08 (l)		165,525		165,525
Total Short-Term Investments of Cash Collateral for Securities Loaned				46,118,878
Time Deposit (3.3%)
JPMorgan Chase Nassau
4.43%, 10/1/07		13,598,110		13,598,110
Total Short-Term Investments (14.4%) (Amortized Cost $59,716,988)				59,716,988
Total Investments (111.3%) (Cost/Amortized Cost $386,734,026 )				461,602,695
Other Assets Less Liabilities (-11.3%)				(46,958,682	)
Net Assets (100%)			$	414,644,013

* Non-income producing.

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

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

Investment security transactions for the nine months ended September 30, 2007 were as follows:

Cost of Purchases:
Stocks and long-term corporate debt securities	$	231,468,274
Net Proceeds of Sales and Redemptions:
Stocks and long-term corporate debt securities	$	261,240,885
As of September 30, 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	$	80,537,735
Aggregate gross unrealized depreciation		(7,793,832	)
Net unrealized appreciation	$	72,743,903
Federal income tax cost of investments	$	388,858,792

At September 30, 2007, the Portfolio had loaned securities with a total value of $45,453,036. This was secured by collateral of $46,118,878 which was received as cash and subsequently invested in short-term investments as reported in the portfolio of investments.

For the nine months ended September 30, 2007, the Portfolio incurred approximately $303 as brokerage commissions with Cowen and Co LLC, and $556 as brokerage commissions with Sanford C. Bernstein & Co., Inc., affiliated broker/dealers.

See Notes to Portfolio of Investments.

59

AXA PREMIER VIP TRUST

MULTIMANAGER LARGE CAP VALUE PORTFOLIO

PORTFOLIO OF INVESTMENTS

September 30, 2007 (Unaudited)

	Number of Shares	Value (Note 1)
COMMON STOCKS:
Consumer Discretionary (7.9%)
Auto Components (0.7%)
Autoliv, Inc	46,400	$	2,772,400
BorgWarner, Inc	30,800		2,819,124
Johnson Controls, Inc.^	33,800		3,992,118
Lear Corp.*^	5,200		166,920
Magna International, Inc., Class A	33,800		3,255,278
			13,005,840
Automobiles (0.4%)
Ford Motor Co.*^	470,800		3,997,092
General Motors Corp.^	116,000		4,257,200
			8,254,292
Hotels, Restaurants & Leisure (1.4%)
Intercontinental Hotels
Group plc (ADR)^	567,688		11,274,284
McDonald’s Corp	150,200		8,181,394
Royal Caribbean Cruises Ltd.^	188,510		7,357,545
			26,813,223
Household Durables (0.5%)
Centex Corp.^	50,800		1,349,756
KB Home^	55,600		1,393,336
Lennar Corp., Class B	15,000		318,750
Pulte Homes, Inc.^	140,100		1,906,761
Toll Brothers, Inc.*^	214,550		4,288,855
			9,257,458
Media (1.5%)
CBS Corp., Class B	135,700		4,274,550
Citadel Broadcasting Corp.^	5,784		24,062
E.W. Scripps Co., Class A^	37,880		1,590,960
Gannett Co., Inc	74,100		3,238,170
New York Times Co., Class A^	37,920		749,299
Time Warner, Inc	183,900		3,376,404
Tribune Co.^	41,781		1,141,457
Viacom, Inc., Class B*^	193,620		7,545,371
Walt Disney Co	132,610		4,560,458
WPP Group plc	130,050		1,761,465
			28,262,196
Multiline Retail (1.8%)
Family Dollar Stores, Inc	86,200		2,289,472
Macy’s, Inc	414,180		13,386,298
Target Corp	312,350		19,856,089
			35,531,859
Specialty Retail (0.9%)
Advance Auto Parts, Inc	34,540		1,159,162
Gap, Inc	184,100		3,394,804
Home Depot, Inc	151,400		4,911,416
Lowe’s Cos., Inc	39,910		1,118,278
Office Depot, Inc.*	67,800		1,398,036
Sherwin-Williams Co.^	41,340		2,716,451
Staples, Inc	123,450		2,652,941
			17,351,088
Textiles, Apparel & Luxury Goods (0.7%)
Jones Apparel Group, Inc	62,900		1,329,077
NIKE, Inc., Class B	161,560		9,477,110
VF Corp	38,700		3,125,025
			13,931,212
Total Consumer Discretionary			152,407,168
Consumer Staples (9.7%)
Beverages (2.5%)
Coca-Cola Co	385,300		22,143,191
Coca-Cola Enterprises, Inc.^	146,700		3,553,074
Diageo plc	330,768		7,268,309
Molson Coors Brewing Co., Class B	37,900		3,777,493
Pepsi Bottling Group, Inc	88,100		3,274,677
PepsiAmericas, Inc.^	49,400		1,602,536
PepsiCo, Inc	81,930		6,002,192
			47,621,472
Food & Staples Retailing (1.7%)
CVS Caremark Corp	684,342		27,120,474
Safeway, Inc	111,300		3,685,143
Wal-Mart Stores, Inc	55,000		2,400,750
			33,206,367
Food Products (1.3%)
Kellogg Co	169,640		9,499,840
Kraft Foods, Inc., Class A	81,100		2,798,761
Nestle S.A. (Registered)	15,244		6,847,852
Sara Lee Corp	217,600		3,631,744
Tyson Foods, Inc., Class A	120,400		2,149,140
			24,927,337
Household Products (2.6%)
Procter & Gamble Co	726,510		51,102,713
Tobacco (1.6%)
Altria Group, Inc	441,840		30,721,135
Total Consumer Staples			187,579,024
Energy (11.6%)
Oil, Gas & Consumable Fuels (11.6%)
Apache Corp	69,340		6,244,760
BP plc (ADR)^	41,900		2,905,765
Chevron Corp.^	273,209		25,566,898
ConocoPhillips	268,040		23,525,871
Devon Energy Corp	93,410		7,771,712
EOG Resources, Inc.^	56,300		4,072,179
Exxon Mobil Corp	579,850		53,670,916
Hess Corp.^	517,490		34,428,610
Marathon Oil Corp	158,840		9,057,057
Occidental Petroleum Corp	457,282		29,302,631
Royal Dutch Shell plc, Class A (ADR)	80,730		6,634,391
Total S.A. (Sponsored ADR)	242,260		19,630,328
Total Energy			222,811,118
Financials (26.1%)
Capital Markets (4.9%)
Bank of New York Mellon Corp	258,348		11,403,481
Deutsche Bank AG (Registered)	21,000		2,696,190
Franklin Resources, Inc	33,260		4,240,650
Goldman Sachs Group, Inc	67,930		14,723,148
Lehman Brothers Holdings, Inc.	60,000		3,703,800
Merrill Lynch & Co., Inc	75,440		5,377,363
Morgan Stanley	584,400		36,817,200
State Street Corp.^	64,880		4,422,221
UBS AG (Registered)	215,461		11,585,019
			94,969,072
Commercial Banks (2.4%)
BB&T Corp	73,100		2,952,509
Comerica, Inc	57,400		2,943,472
Fifth Third Bancorp	101,500		3,438,820
KeyCorp	100,400		3,245,932
National City Corp	119,900		3,008,291
PNC Financial Services Group, Inc.^	92,740		6,315,594
SunTrust Banks, Inc.^	115,500		8,739,885
U.S. Bancorp	207,900		6,762,987
Wachovia Corp	84,700		4,247,705
Wells Fargo & Co	141,900		5,054,478
			46,709,673

60

AXA PREMIER VIP TRUST

MULTIMANAGER LARGE CAP VALUE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2007 (Unaudited)

	Number of Shares	Value (Note 1)
Consumer Finance (1.2%)
American Express Co	115,930	$	6,882,764
Capital One Financial Corp	229,150		15,222,435
			22,105,199
Diversified Financial Services (8.0%)
Bank of America Corp	837,063		42,079,157
CIT Group, Inc	98,900		3,975,780
Citigroup, Inc	1,390,850		64,910,970
JPMorgan Chase & Co	934,400		42,814,208
			153,780,115
Insurance (7.8%)
ACE Ltd	81,400		4,930,398
Aflac, Inc	32,600		1,859,504
Allstate Corp	446,540		25,537,623
Ambac Financial Group, Inc.^	55,300		3,478,923
American International Group, Inc	649,200		43,918,380
Chubb Corp	70,660		3,790,202
Cincinnati Financial Corp	23,000		996,130
Fidelity National Financial, Inc., Class A	127,700		2,232,196
Genworth Financial, Inc., Class A	317,380		9,753,087
Hartford Financial Services Group, Inc	121,180		11,215,209
MBIA, Inc.^	46,500		2,838,825
MetLife, Inc	306,390		21,364,575
Old Republic International Corp	131,400		2,462,436
Prudential Financial, Inc	49,780		4,857,532
Torchmark Corp	48,100		2,997,592
Travelers Cos., Inc	103,700		5,220,258
Unum Group	143,500		3,511,445
			150,964,315
Thrifts & Mortgage Finance (1.8%)
Astoria Financial Corp.^	4,206		111,585
Fannie Mae	310,660		18,891,235
Freddie Mac	133,950		7,904,389
MGIC Investment Corp.^	48,600		1,570,266
Washington Mutual, Inc	144,100		5,088,171
			33,565,646
Total Financials			502,094,020
Health Care (9.3%)
Health Care Equipment & Supplies (0.1%)
Covidien Ltd.*	22,600		937,900
Health Care Providers & Services (0.8%)
AmerisourceBergen Corp	67,000		3,037,110
Cardinal Health, Inc	24,000		1,500,720
PharMerica Corp.*^	5,586		83,343
UnitedHealth Group, Inc	72,180		3,495,677
WellPoint, Inc.*	103,940		8,202,945
			16,319,795
Pharmaceuticals (8.4%)
Abbott Laboratories	58,710		3,148,030
Bristol-Myers Squibb Co	823,000		23,718,860
Eli Lilly & Co	60,300		3,432,879
GlaxoSmithKline plc	128,000		3,396,687
Johnson & Johnson	337,900		22,200,030
Merck & Co., Inc	747,110		38,618,116
Novartis AG (ADR)	680,550		37,403,028
Pfizer, Inc	819,910		20,030,401
Wyeth	231,770		10,325,354
			162,273,385
Total Health Care			179,531,080
Industrials (11.7%)
Aerospace & Defense (3.0%)
Lockheed Martin Corp	269,820		29,272,772
Northrop Grumman Corp	198,760		15,503,280
Raytheon Co.^	25,640		1,636,345
United Technologies Corp	147,130		11,841,022
			58,253,419
Building Products (1.0%)
Masco Corp.^	829,820		19,226,929
Electrical Equipment (0.2%)
Rockwell Automation, Inc.^	60,090		4,176,856
Industrial Conglomerates (4.3%)
General Electric Co	1,377,250		57,018,150
Textron, Inc	384,450		23,916,635
Tyco International Ltd	22,600		1,002,084
			81,936,869
Machinery (1.3%)
Caterpillar, Inc	39,200		3,074,456
Cummins, Inc	34,200		4,373,838
Deere & Co	37,360		5,544,971
Eaton Corp	62,270		6,167,221
Ingersoll-Rand Co., Ltd., Class A	13,000		708,110
PACCAR, Inc	46,800		3,989,700
Timken Co.^	44,660		1,659,119
			25,517,415
Road & Rail (1.6%)
Avis Budget Group, Inc.*	72,900		1,668,681
Burlington Northern Santa Fe Corp	62,910		5,106,405
Norfolk Southern Corp	470,230		24,409,639
			31,184,725
Trading Companies & Distributors (0.3%)
W.W. Grainger, Inc	55,120		5,026,393
Total Industrials			225,322,606
Information Technology (7.8%)
Communications Equipment (2.7%)
Cisco Systems, Inc.*	765,500		25,345,705
Motorola, Inc	1,303,550		24,154,781
Nokia Oyj (ADR)	69,300		2,628,549
			52,129,035
Computers & Peripherals (1.9%)
Dell, Inc.*	51,700		1,426,920
Hewlett-Packard Co	536,860		26,730,259
International Business Machines Corp	54,650		6,437,770
Lexmark International, Inc., Class A*	44,700		1,856,391
			36,451,340
Electronic Equipment & Instruments (0.6%)
Arrow Electronics, Inc.*	74,200		3,154,984
Avnet, Inc.*	55,600		2,216,216
Flextronics International Ltd.*	221,200		2,473,016
Sanmina-SCI Corp.*	310,100		657,412
Solectron Corp.*	527,100		2,055,690
Tyco Electronics Ltd	22,600		800,718
			11,358,036
IT Services (0.4%)
Accenture Ltd., Class A^	158,570		6,382,443
Electronic Data Systems Corp.	39,000		851,760
			7,234,203
Semiconductors & Semiconductor Equipment (1.5%)
Intel Corp	369,010		9,542,599

61

AXA PREMIER VIP TRUST

MULTIMANAGER LARGE CAP VALUE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2007 (Unaudited)

	Number of Shares		Value (Note 1)
Taiwan Semiconductor Manufacturing Co., Ltd. (ADR)		192,859	$	1,951,733
Texas Instruments, Inc		492,600		18,024,234
				29,518,566
Software (0.7%)
Microsoft Corp		86,700		2,554,182
Oracle Corp.*		471,440		10,206,676
				12,760,858
Total Information Technology				149,452,038
Materials (6.0%)
Chemicals (3.5%)
Air Products & Chemicals, Inc.		52,940		5,175,414
Ashland, Inc		44,100		2,655,261
Dow Chemical Co		187,720		8,083,223
E.I. du Pont de Nemours & Co.		689,450		34,169,142
PPG Industries, Inc.^		122,930		9,287,362
Praxair, Inc		45,040		3,772,550
Syngenta AG (Registered)		22,340		4,816,268
				67,959,220
Containers & Packaging (0.7%)
Ball Corp		56,300		3,026,125
Bemis Co., Inc		58,300		1,697,113
Crown Holdings, Inc.*		93,700		2,132,612
Smurfit-Stone Container Corp.*		81,360		950,285
Temple-Inland, Inc		120,150		6,323,494
				14,129,629
Metals & Mining (1.1%)
ArcelorMittal (N.Y. Shares)^		52,300		4,098,228
Rio Tinto plc (ADR)^		48,025		16,491,785
				20,590,013
Paper & Forest Products (0.7%)
Bowater, Inc.^		10,780		160,838
International Paper Co		352,800		12,654,936
				12,815,774
Total Materials				115,494,636
Telecommunication Services (6.2%)
Diversified Telecommunication Services (4.1%)
AT&T, Inc		1,355,430		57,348,243
Embarq Corp		79,452		4,417,531
TELUS Corp. (Non-Voting)		24,510		1,379,943
Verizon Communications, Inc.		380,500		16,848,540
				79,994,257
Wireless Telecommunication Services (2.1%)
Sprint Nextel Corp		676,970		12,862,430
Vodafone Group plc		1,792,437		6,472,831
Vodafone Group plc (ADR)		560,400		20,342,520
				39,677,781
Total Telecommunication Services				119,672,038
Utilities (1.9%)
Electric Utilities (1.0%)
Allegheny Energy, Inc.*		57,400		2,999,724
American Electric Power Co., Inc		90,700		4,179,456
Entergy Corp		42,440		4,595,827
FPL Group, Inc.^		104,760		6,377,789
PPL Corp		35,850		1,659,855
				19,812,651
Independent Power Producers & Energy Traders (0.2%)
Constellation Energy Group, Inc.		38,400		3,294,336
Multi-Utilities (0.7%)
Ameren Corp		64,400		3,381,000
Dominion Resources, Inc.^		83,589		7,046,553
PG&E Corp.^		23,740		1,134,772
Public Service Enterprise Group, Inc		24,860		2,187,431
				13,749,756
Total Utilities				36,856,743
Total Common Stocks (98.2%) (Cost $1,712,833,893)				1,891,220,471
	Principal Amount
SHORT-TERM INVESTMENTS:
Commercial Paper (0.5%)
American Express Credit Corp.
5.20%, 10/1/07 (p)	$	10,177,000		10,175,530
Short-Term Investments of Cash Collateral for Securities Loaned (5.5%)
Banco Bilbao Vizcaya Argentaria S.A.
5.28%, 10/1/07		1,757,645		1,757,645
Banco de Sabadell S.A.
5.40%, 4/23/09 (l)		1,146,290		1,146,290
Banesto S.A./Madrid
5.33%, 12/27/07		2,865,725		2,865,725
Barclays plc/Seoul
5.22%, 10/29/07		1,910,484		1,910,484
BBVA Senior Finance S.A.
5.75%, 3/12/10 (l)		840,612		840,612
Beta Finance, Inc.
4.87%, 1/31/08 (l)		152,839		152,839
4.87%, 3/10/08 (l)		382,060		382,060
BNP Paribas S.A.
5.20%, 10/1/07		4,099,898		4,099,898
CIT Group Holdings, Inc.
5.38%, 6/18/08 (l)		1,834,064		1,834,064
Citigroup Funding, Inc.
4.86%, 3/16/09 (l)		1,146,290		1,146,290
Citigroup Global Markets, Inc.
5.40%, 10/5/07 (l)		894,794		894,794
Comerica Bank
5.78%, 3/16/09 (l)		382,062		382,062
Commerzbank AG/Frankfurt
5.20%, 10/1/07		278,931		278,931
Crown Point Capital Co. LLC, Series C
5.38%, 10/18/07(l)		528,308		528,308
DekaBank Deutsche Girozentrale
5.38%, 10/28/08 (l)		993,451		993,451
Den Danske Bank/London
5.50%, 10/1/07		4,776,208		4,776,208
Deutsche Bank AG/London
4.84%, 10/18/07 (l)		2,292,580		2,292,580
Deutsche Bank AG/New York
5.35%, 1/22/08 (l)		382,097		382,097
Dexia Bank
5.13%, 10/1/07		1,910,484		1,910,484
Fenway Funding LLC
5.37%, 10/2/07 (l)		2,148,773		2,148,773
Fifth Third Bancorp
5.14%, 8/22/08 (l)		114,628		114,628
First Tennessee Bank
5.77%, 8/15/08 (l)		3,438,637		3,438,637
General Electric Capital Corp.
4.90%, 3/12/10 (l)		152,839		152,839
Glitnir banki hf
5.62%, 8/15/08 (l)		1,910,484		1,910,484
Goldman Sachs Group, Inc.
5.73%, 12/3/07 (l)		420,306		420,306
5.37%, 8/18/08 (l)		764,193		764,193

62

AXA PREMIER VIP TRUST

MULTIMANAGER LARGE CAP VALUE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Concluded)

September 30, 2007 (Unaudited)

	Principal Amount		Value (Note 1)
4.91%, 3/27/09 (l)	$	1,069,871	$	1,069,871
Hartford Life, Inc.
5.80%, 9/26/08 (l)		305,677		305,677
ING Bank N.V./United States
5.85%, 12/28/07 (l)		2,865,725		2,865,725
IXIS Corporate & Investment Bank
5.28%, 10/1/07		3,820,967		3,820,967
K2 (USA) LLC
4.87%, 5/29/09 (l)		1,527,652		1,527,652
4.87%, 6/18/09 (l)		1,909,482		1,909,482
Kommunalkredit Austria AG
5.83%, 7/8/08 (l)		2,292,508		2,292,508
Lehman Brothers Holdings, Inc.
5.50%, 12/28/07 (l)		133,734		133,734
5.60%, 8/21/09 (l)		955,229		955,229
Links Finance LLC
4.87%, 6/25/09 (l)		572,895		572,895
Mane Funding Corp.
5.25%, 10/1/07		3,819,296		3,819,296
Market Street Funding Corp.
5.30%, 10/1/07		3,819,280		3,819,280
MBIA Global Funding LLC
4.87%, 3/30/09 (l)		955,242		955,242
Monumental Global Funding II
4.86%, 4/25/08 (l)		458,516		458,516
4.93%, 5/26/10 (l)		1,795,855		1,795,855
Morgan Stanley
5.40%, 5/7/09 (l)		1,910,484		1,910,484
Morgan Stanley, Repurchase Agreement
5.35%, 10/1/07 (r)		2,674,677		2,674,677
5.15%, 10/1/07 (r)		18,856,495		18,856,495
Natexis Banques Populaires N.Y.
4.87%, 1/28/08 (l)		1,146,290		1,146,290
New York Life Insurance Co.
5.42%, 12/28/07 (l)		1,299,129		1,299,129
Pricoa Global Funding I
4.90%, 6/25/10 (l)		1,145,975		1,145,975
Rheingold Securitization Ltd.
5.35%, 10/25/07		2,827,478		2,827,478
5.35%, 1/7/08		931,972		931,972
Royal Bank of Scotland plc/London
5.30%, 10/1/07		3,820,967		3,820,967
Simba Funding Corp.
5.25%, 10/1/07		3,819,296		3,819,296
Three Pillars Funding Corp.
5.25%, 10/1/07		3,819,296		3,819,296
Wachovia Bank N.A.
4.87%, 10/2/08 (l)		382,097		382,097
Total Short-Term Investments of Cash Collateral for Securities Loaned				106,460,767
Time Deposit (1.5%)
JPMorgan Chase Nassau
4.43%, 10/1/07		27,702,777		27,702,777
Total Short-Term Investments (7.5%) (Cost/Amortized Cost $144,340,544)				144,339,074
Total Investments (105.7%) (Cost/Amortized Cost $1,857,174,437)				2,035,559,545
Other Assets Less Liabilities (-5.7%)				(109,302,372	)
Net Assets (100%)			$	1,926,257,173

* Non-income producing.

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

(l) Floating Rate Security. Rate disclosed is as of September 30, 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 nine months ended September 30, 2007 were as follows:

Cost of Purchases:
Stocks and long-term corporate debt securities	$	1,306,429,115
Net Proceeds of Sales and Redemptions:
Stocks and long-term corporate debt securities	$	1,135,281,373
As of September 30, 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	$	225,070,356
Aggregate gross unrealized depreciation		(50,891,230	)
Net unrealized appreciation	$	174,179,126
Federal income tax cost of investments	$	1,861,380,419

At September 30, 2007, the Portfolio had loaned securities with a total value of $102,292,635. This was secured by collateral of $106,460,767 which was received as cash and subsequently invested in short-term investments as reported in the portfolio of investments.

For the nine months ended September 30, 2007, the Portfolio incurred approximately $20,786 as brokerage commissions with Sanford C.

See Notes to Portfolio of Investments.

63

AXA PREMIER VIP TRUST

MULTIMANAGER MID CAP GROWTH PORTFOLIO

PORTFOLIO OF INVESTMENTS

September 30, 2007 (Unaudited)

	Number of Shares	Value (Note 1)
COMMON STOCKS:
Consumer Discretionary (16.5%)
Auto Components (0.7%)
Drew Industries, Inc.*	84,400	$	3,433,392
Tenneco, Inc.*	59,400		1,841,994
			5,275,386
Distributors (1.2%)
LKQ Corp.*^	279,685		9,735,835
Diversified Consumer Services (1.7%)
ITT Educational Services, Inc.*	46,800		5,695,092
Strayer Education, Inc	41,000		6,913,830
Universal Technical Institute, Inc.*^	67,800		1,220,400
			13,829,322
Hotels, Restaurants & Leisure (5.9%)
BJ’s Restaurants, Inc.*^	71,700		1,509,285
Chipotle Mexican Grill, Inc., Class A*^	24,530		2,897,729
Chipotle Mexican Grill, Inc., Class B*	40,100		4,290,700
Gaylord Entertainment Co.*	102,500		5,455,050
International Game Technology	96,900		4,176,390
Life Time Fitness, Inc.*^	124,100		7,612,294
Marriott International, Inc., Class A	82,300		3,577,581
Orient-Express Hotels Ltd., Class A^	134,800		6,911,196
Panera Bread Co., Class A*^	66,669		2,720,095
Penn National Gaming, Inc.*	36,200		2,136,524
Red Lion Hotels Corp.*	63,200		650,960
Red Robin Gourmet Burgers, Inc.*^	44,900		1,926,210
Ruth’s Chris Steak House, Inc.*^	107,900		1,537,575
Scientific Games Corp., Class A*^	10,100		379,760
Shuffle Master, Inc.*^	107,200		1,602,640
			47,383,989
Household Durables (0.0%)
Garmin Ltd.^	2,100		250,740
NVR, Inc.*^	210		98,752
			349,492
Leisure Equipment & Products (0.1%)
MarineMax, Inc.*^	56,100		816,816
Media (0.7%)
Lions Gate Entertainment Corp.*^	219,300		2,260,983
National CineMedia, Inc.^	130,600		2,925,440
			5,186,423
Multiline Retail (0.0%)
Nordstrom, Inc	3,100		145,359
Specialty Retail (5.3%)
Big 5 Sporting Goods Corp.^	65,400		1,222,980
Coldwater Creek, Inc.*^	216,050		2,346,303
Dick’s Sporting Goods, Inc.*^	114,500		7,688,675
GameStop Corp., Class A*	307,760		17,342,276
Guess?, Inc	7,800		382,434
hhgregg, Inc.*^	71,400		749,700
Hibbett Sports, Inc.*^	80,400		1,993,920
Men’s Wearhouse, Inc	5,800		293,016
PetSmart, Inc	171,200		5,461,280
Tractor Supply Co.*^	51,147		2,357,365
Zumiez, Inc.*^	61,700		2,737,629
			42,575,578
Textiles, Apparel & Luxury Goods (0.9%)
Lululemon Athletica, Inc.*^	61,700		2,593,251
Under Armour, Inc., Class A*^.	34,680		2,074,558
Volcom, Inc.*^	56,000		2,381,120
Wolverine World Wide, Inc	10,880		298,112
			7,347,041
Total Consumer Discretionary			132,645,241
Consumer Staples (1.0%)
Beverages (0.1%)
Hansen Natural Corp.*^	10,000		566,800
Personal Products (0.9%)
Bare Escentuals, Inc.*^	117,200		2,914,764
Herbalife Ltd	95,400		4,336,884
			7,251,648
Total Consumer Staples			7,818,448
Energy (10.4%)
Energy Equipment & Services (5.3%)
Cameron International Corp.*	12,000		1,107,480
Complete Production Services, Inc.*	124,100		2,541,568
Diamond Offshore Drilling, Inc.	44,200		5,007,418
Dril-Quip, Inc.*	65,900		3,252,165
FMC Technologies, Inc.*	71,600		4,128,456
Grant Prideco, Inc.*	170,500		9,295,660
National Oilwell Varco, Inc.*	73,619		10,637,946
Oceaneering International, Inc.*	15,900		1,205,220
Smith International, Inc	4,000		285,600
Superior Energy Services, Inc.*	142,900		5,064,376
			42,525,889
Oil, Gas & Consumable Fuels (5.1%)
Bill Barrett Corp.*^	205,100		8,082,991
Denbury Resources, Inc.*^	75,970		3,395,099
Forest Oil Corp.*^	53,300		2,294,032
Helix Energy Solutions Group, Inc.*^	80,100		3,401,046
Mariner Energy, Inc.*	109,700		2,271,887
Newfield Exploration Co.*	61,700		2,971,472
Noble Energy, Inc	1,500		105,060
Peabody Energy Corp	82,200		3,934,914
Penn Virginia Corp	40,700		1,789,986
Range Resources Corp	77,700		3,159,282
Southwestern Energy Co.*	133,540		5,588,649
U.S. BioEnergy Corp.*^	7,600		58,596
Ultra Petroleum Corp.*	66,200		4,107,048
			41,160,062
Total Energy			83,685,951
Financials (6.9%)
Capital Markets (3.2%)
Affiliated Managers Group, Inc.*^	31,600		4,029,316
E*TRADE Financial Corp.*	16,500		215,490
Greenhill & Co., Inc.^	59,100		3,608,055
Kohlberg Capital Corp.^	65,900		992,454
Lazard Ltd., Class A	83,300		3,531,920
MF Global Ltd.*	88,600		2,569,400
optionsXpress Holdings, Inc.^	237,310		6,203,283
SEI Investments Co	8,100		220,968
T. Rowe Price Group, Inc	75,200		4,187,888
			25,558,774
Commercial Banks (1.1%)
East West Bancorp, Inc	51,300		1,844,748
Hancock Holding Co.^	30,600		1,226,448
Signature Bank/New York*^	42,721		1,505,061
UCBH Holdings, Inc.^	84,400		1,475,312
Western Alliance Bancorp*^	87,300		2,057,661
Whitney Holding Corp	31,658		835,138
			8,944,368
Diversified Financial Services (0.9%)
Duff & Phelps Corp., Class A*	34,600		634,910

64

AXA PREMIER VIP TRUST

MULTIMANAGER MID CAP GROWTH PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2007 (Unaudited)

	Number of Shares	Value (Note 1)
NASDAQ Stock Market, Inc.*^	119,000	$	4,483,920
NewStar Financial, Inc.*^	111,300		1,251,012
Primus Guaranty Ltd.*^	60,200		633,304
			7,003,146
Insurance (0.2%)
Ambac Financial Group, Inc	32,400		2,038,284
Real Estate Investment Trusts (REITs) (0.7%)
CapitalSource, Inc. (REIT)	21,741		440,038
FelCor Lodging Trust, Inc. (REIT)	131,400		2,618,802
LaSalle Hotel Properties (REIT)	34,300		1,443,344
RAIT Financial Trust (REIT)^	132,900		1,093,767
			5,595,951
Real Estate Management & Development (0.4%)
CB Richard Ellis Group, Inc., Class A*	120,225		3,347,064
Jones Lang LaSalle, Inc	3,200		328,832
			3,675,896
Thrifts & Mortgage Finance (0.4%)
BankUnited Financial Corp., Class A^	51,600		801,864
Clayton Holdings, Inc.*^	306,021		2,451,228
			3,253,092
Total Financials			56,069,511
Health Care (14.6%)
Biotechnology (2.3%)
Alexion Pharmaceuticals, Inc.*^	44,500		2,899,175
Angiotech Pharmaceuticals, Inc.*	352,900		2,212,683
Array BioPharma, Inc.*^	73,900		829,897
Celgene Corp.*	91,900		6,553,389
Keryx Biopharmaceuticals, Inc.*^	102,700		1,020,838
MannKind Corp.*^	97,800		946,704
Myriad Genetics, Inc.*^	61,300		3,196,795
Panacos Pharmaceuticals, Inc.*^	45,500		72,800
PDL BioPharma, Inc.*	8,000		172,880
Pharmion Corp.*^	21,300		982,782
Vertex Pharmaceuticals, Inc.*	2,900		111,389
			18,999,332
Health Care Equipment & Supplies (4.1%)
American Medical Systems Holdings, Inc.*^	140,300		2,378,085
ArthroCare Corp.*^	54,600		3,051,594
C.R. Bard, Inc	5,440		479,754
Cytyc Corp.*	5,500		262,075
DexCom, Inc.*^	171,200		1,710,288
Gen-Probe, Inc.*	55,875		3,720,157
Hansen Medical, Inc.*^	112,800		3,058,008
Hologic, Inc.*^	76,300		4,654,300
Hospira, Inc.*	97,000		4,020,650
Kyphon, Inc.*	8,100		567,000
Masimo Corp.*	25,200		646,632
Meridian Bioscience, Inc.^	162,900		4,939,128
NuVasive, Inc.*^	35,500		1,275,515
ResMed, Inc.*^	2,650		113,606
Stereotaxis, Inc.*^	6,400		88,256
TomoTherapy, Inc.*	65,400		1,519,242
Varian Medical Systems, Inc.*	5,400		226,206
			32,710,496
Health Care Providers & Services (3.3%)
Community Health Systems, Inc.*	2,215		69,640
Coventry Health Care, Inc.*	5,400		335,934
Express Scripts, Inc.*	7,400		413,068
HealthExtras, Inc.*^	98,000		2,727,340
Healthways, Inc.*^	34,800		1,878,156
Henry Schein, Inc.*^	101,100		6,150,924
inVentiv Health, Inc.*	15,700		687,974
Psychiatric Solutions, Inc.*^	148,026		5,814,461
VCA Antech, Inc.*^	140,400		5,861,700
WellCare Health Plans, Inc.*	22,208		2,341,389
			26,280,586
Health Care Technology (1.2%)
Allscripts Healthcare
Solutions, Inc.*^	129,300		3,494,979
Cerner Corp.*^	6,000		358,860
TriZetto Group, Inc.*^	328,600		5,753,786
			9,607,625
Life Sciences Tools & Services (2.6%)
AMAG Pharmaceuticals, Inc.*^	51,300		2,934,360
Covance, Inc.*^	41,800		3,256,220
ICON plc (ADR)*	89,200		4,551,876
Nektar Therapeutics*^	84,900		749,667
PAREXEL International Corp.*	74,300		3,066,361
Pharmaceutical Product Development, Inc	9,100		322,504
Varian, Inc.*	42,700		2,716,147
Ventana Medical Systems, Inc.*	19,300		1,658,063
Waters Corp.*	6,500		434,980
WuXi PharmaTech Cayman, Inc. (ADR)*	53,100		1,497,420
			21,187,598
Pharmaceuticals (1.1%)
Adams Respiratory Therapeutics, Inc.*^	77,700		2,994,558
Cadence Pharmaceuticals, Inc.*^	72,400		1,013,600
Endo Pharmaceuticals Holdings, Inc.*	9,500		294,595
Impax Laboratories, Inc.*	95,400		1,115,226
Jazz Pharmaceuticals, Inc.*^	47,800		535,360
Medicines Co.*^	68,800		1,225,328
Penwest Pharmaceuticals Co.*^	111,400		1,226,514
XenoPort, Inc.*	12,000		564,600
			8,969,781
Total Health Care			117,755,418
Industrials (16.4%)
Aerospace & Defense (2.2%)
Hexcel Corp.*^	184,500		4,189,995
Orbital Sciences Corp.*	120,300		2,675,472
Precision Castparts Corp	68,800		10,181,024
Rockwell Collins, Inc	3,423		250,016
Stanley, Inc.*^	22,100		608,855
			17,905,362
Air Freight & Logistics (0.6%)
CH Robinson Worldwide, Inc	7,900		428,891
Expeditors International of Washington, Inc	83,800		3,963,740
UTi Worldwide, Inc	18,100		415,938
			4,808,569
Airlines (0.2%)
Allegiant Travel Co.*^	57,200		1,734,304
Commercial Services & Supplies (4.2%)
CoStar Group, Inc.*^	27,600		1,475,220
Huron Consulting Group, Inc.*	44,100		3,202,542
Kenexa Corp.*^	77,200		2,376,216
Knoll, Inc	140,900		2,499,566
LECG Corp.*^	92,500		1,378,250
Mobile Mini, Inc.*^	76,400		1,845,824
Monster Worldwide, Inc.*	146,050		4,974,463
Resources Connection, Inc.^	164,400		3,805,860
Robert Half International, Inc	8,600		256,796
Stericycle, Inc.*	209,700		11,986,452
			33,801,189

65

AXA PREMIER VIP TRUST

MULTIMANAGER MID CAP GROWTH PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2007 (Unaudited)

	Number of Shares	Value (Note 1)
Construction & Engineering (1.7%)
Chicago Bridge & Iron Co. N.V. (N.Y. Shares)	22,500	$	968,850
Fluor Corp	67,500		9,718,650
Granite Construction, Inc.^	59,560		3,157,871
			13,845,371
Electrical Equipment (1.2%)
Ametek, Inc	123,550		5,339,831
Baldor Electric Co	108,000		4,314,600
SunPower Corp., Class A*^	3,400		281,588
			9,936,019
Machinery (5.0%)
Cummins, Inc	45,520		5,821,553
Flowserve Corp	16,200		1,234,116
Force Protection, Inc.*†(b)	139,200		2,494,972
IDEX Corp	111,425		4,054,756
Joy Global, Inc	76,800		3,906,048
Kaydon Corp.^	39,300		2,043,207
Lincoln Electric Holdings, Inc	64,400		4,998,084
Manitowoc Co., Inc	194,400		8,608,032
Terex Corp.*	3,400		302,668
Trinity Industries, Inc.^	9,000		337,860
Wabtec Corp.^	145,900		5,465,414
Watts Water Technologies, Inc., Class A^	32,300		991,610
			40,258,320
Trading Companies & Distributors (1.3%)
Fastenal Co.^	95,800		4,350,278
Houston Wire & Cable Co.^	90,400		1,637,144
MSC Industrial Direct Co	83,900		4,244,501
			10,231,923
Total Industrials			132,521,057
Information Technology (26.8%)
Communications Equipment (3.5%)
Arris Group, Inc.*	146,830		1,813,350
F5 Networks, Inc.*^	127,800		4,752,882
Foundry Networks, Inc.*	280,900		4,991,593
Harris Corp	11,200		647,248
Ixia*^	322,700		2,813,944
Juniper Networks, Inc.*	166,200		6,084,582
Netgear, Inc.*^	106,700		3,245,814
OpNext, Inc.*^	86,100		998,760
ViaSat, Inc.*	91,900		2,833,277
			28,181,450
Computers & Peripherals (0.5%)
Logitech International S.A. (Registered)*^	10,400		307,320
Network Appliance, Inc.*	12,000		322,920
Super Micro Computer, Inc.*^	21,200		206,912
Synaptics, Inc.*^	40,800		1,948,608
Xyratex Ltd.*	80,800		1,550,552
			4,336,312
Electronic Equipment & Instruments (2.3%)
Amphenol Corp., Class A	118,620		4,716,331
Flir Systems, Inc.*^	93,500		5,178,965
Mettler-Toledo
International, Inc.*	3,900		397,800
National Instruments Corp	69,650		2,391,085
Tektronix, Inc	84,200		2,335,708
Trimble Navigation Ltd.*	96,500		3,783,765
			18,803,654
Internet Software & Services (3.9%)
Baidu.com (Sponsored ADR)*^	4,800		1,390,320
DealerTrack Holdings, Inc.*	153,400		6,424,392
Entrust, Inc.*^	257,496		548,466
Equinix, Inc.*^	59,900		5,312,531
Internap Network Services Corp.*^	196,700		2,787,239
Marchex, Inc., Class B^	180,300		1,714,653
Omniture, Inc.*^	179,230		5,434,254
SINA Corp.*^	40,800		1,952,280
VeriSign, Inc.*	7,000		236,180
VistaPrint Ltd.*^	152,300		5,691,451
			31,491,766
IT Services (2.1%)
BearingPoint, Inc.*^	232,800		942,840
Cognizant Technology Solutions Corp., Class A*	5,800		462,666
Global Cash Access Holdings, Inc.*	59,300		627,987
Global Payments, Inc	6,300		278,586
Heartland Payment Systems, Inc.^	70,900		1,822,130
Iron Mountain, Inc.*	119,885		3,654,095
RightNow Technologies, Inc.*^ .	133,100		2,141,579
Sapient Corp.*^	562,400		3,773,704
VeriFone Holdings, Inc.*^	66,800		2,961,244
			16,664,831
Semiconductors & Semiconductor Equipment (10.2%)
Atheros Communications, Inc.*^	90,300		2,706,291
Broadcom Corp., Class A*	173,000		6,304,120
FormFactor, Inc.*^	138,500		6,145,245
Hittite Microwave Corp.*^	149,200		6,587,180
Integrated Device Technology, Inc.*	203,700		3,153,276
Intersil Corp., Class A	257,400		8,604,882
Lam Research Corp.*	4,700		250,322
Microchip Technology, Inc	77,200		2,803,904
Microsemi Corp.*^	283,800		7,912,344
Microtune, Inc.*^	237,900		1,432,158
Netlogic Microsystems, Inc.*^	109,800		3,964,878
NVIDIA Corp.*	256,050		9,279,252
ON Semiconductor Corp.*^	385,000		4,835,600
Power Integrations, Inc.*^	181,600		5,395,336
Silicon Laboratories, Inc.*	98,900		4,130,064
Varian Semiconductor Equipment Associates, Inc.*	159,225		8,521,722
			82,026,574
Software (4.3%)
Activision, Inc.*	479,453		10,351,390
BladeLogic, Inc.*	73,200		1,876,848
Commvault Systems, Inc.*^	176,700		3,272,484
FactSet Research Systems, Inc	14,700		1,007,685
Informatica Corp.*	79,900		1,254,430
Micros Systems, Inc.*	40,400		2,628,828
Nuance Communications, Inc.*^	159,200		3,074,152
Quest Software, Inc.*^	293,100		5,029,596
Red Hat, Inc.*^	111,800		2,221,466
Salesforce.com, Inc.*	1,700		87,244
SourceForge, Inc.*^	212,800		521,360
Synchronoss Technologies, Inc.*^.	21,800		916,908
THQ, Inc.*^	74,700		1,866,006
Voltaire Ltd.*	102,600		677,160
			34,785,557
Total Information Technology			216,290,144
Materials (2.0%)
Chemicals (0.6%)
FMC Corp	57,800		3,006,756
Minerals Technologies, Inc.^	22,200		1,487,400
			4,494,156
Construction Materials (0.6%)
Martin Marietta Materials, Inc.^	37,900		5,061,545

66

AXA PREMIER VIP TRUST

MULTIMANAGER MID CAP GROWTH PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2007 (Unaudited)

	Number of Shares		Value (Note 1)
Metals & Mining (0.8%)
Allegheny Technologies, Inc		57,300	$	6,300,135
Total Materials				15,855,836
Telecommunication Services (3.6%)
Diversified Telecommunication Services (0.6%)
Time Warner Telecom, Inc.,
Class A*^		216,524		4,757,032
Wireless Telecommunication Services (3.0%)
American Tower Corp., Class A*		159,200		6,931,568
Crown Castle International Corp.*		8,500		345,355
Leap Wireless International, Inc.*.		4,100		333,617
NII Holdings, Inc.*		144,600		11,878,890
SBA Communications Corp.,
Class A*		136,000		4,798,080
				24,287,510
Total Telecommunication Services				29,044,542
Total Common Stocks (98.2%) (Cost $ 640,691,610)				791,686,148
	Principal Amount
SHORT-TERM INVESTMENTS:
Government Security (1.2%)
Federal Home Loan Bank
4.00%, 10/1/07 (o)(p)	$	9,340,000		9,338,962
Short-Term Investments of Cash Collateral for Securities Loaned (28.9%)
Banco Bilbao Vizcaya Argentaria S.A.
5.28%, 10/1/07		3,839,133		3,839,133
Banco de Sabadell S.A.
5.40%, 4/23/09 (l)		2,503,782		2,503,782
Banesto S.A./Madrid
5.33%, 12/27/07		6,259,456		6,259,456
Barclays plc/Seoul
5.22%, 10/29/07		4,172,971		4,172,971
BBVA Senior Finance S.A.
5.75%, 3/12/10 (l)		1,836,107		1,836,107
Beta Finance, Inc.
4.87%, 1/31/08 (l)		333,838		333,838
4.87%, 3/10/08 (l)		834,515		834,515
BNP Paribas S.A.
5.20%, 10/1/07		8,955,195		8,955,195
CIT Group Holdings, Inc.
5.38%, 6/18/08 (l)		4,006,052		4,006,052
Citigroup Funding, Inc.
4.86%, 3/16/09 (l)		2,503,782		2,503,782
Citigroup Global Markets, Inc.
5.40%, 10/5/07 (l)		1,954,453		1,954,453
Comerica Bank
5.78%, 3/16/09 (l)		834,519		834,519
Commerzbank AG/Frankfurt
5.20%, 10/1/07		609,254		609,254
Crown Point Capital Co. LLC, Series C
5.38%, 10/18/07		1,153,955		1,153,955
DekaBank Deutsche Girozentrale
5.38%, 10/28/08 (l)		2,169,945		2,169,945
Den Danske Bank/London
5.50%, 10/1/07		10,432,427		10,432,427
Deutsche Bank AG/London
4.84%, 10/18/07 (l)		5,007,565		5,007,565
Deutsche Bank AG/New York
5.35%, 1/22/08 (l)		834,594		834,594
Dexia Bank
5.13%, 10/1/07		4,172,971		4,172,971
Fenway Funding LLC
5.37%, 10/2/07		4,693,454		4,693,454
Fifth Third Bancorp
5.14%, 8/22/08 (l)		250,376		250,376
First Tennessee Bank
5.77%, 8/15/08 (l)		7,510,836		7,510,836
General Electric Capital Corp.
4.90%, 3/12/10 (l)		333,838		333,838
Glitnir banki hf
5.62%, 8/15/08 (l)		4,172,971		4,172,971
Goldman Sachs Group, Inc.
5.73%, 12/3/07 (l)		918,054		918,054
5.37%, 8/18/08 (l)		1,669,188		1,669,188
4.91%, 3/27/09 (l)		2,336,863		2,336,863
Hartford Life, Inc.
5.80%, 9/26/08 (l)		667,675		667,675
ING Bank N.V./United States
5.85%, 12/28/07 (l)		6,259,456		6,259,456
IXIS Corporate & Investment Bank
5.28%, 10/1/07		8,345,941		8,345,941
K2 (USA) LLC
4.87%, 5/29/09 (l)		3,336,772		3,336,772
4.87%, 6/18/09 (l)		4,170,783		4,170,783
Kommunalkredit Austria AG
5.83%, 7/8/08		5,007,408		5,007,408
Lehman Brothers Holdings, Inc.
5.50%, 12/28/07 (l)		292,108		292,108
5.60%, 8/21/09 (l)		2,086,458		2,086,458
Links Finance LLC
4.87%, 6/25/09 (l)		1,251,344		1,251,344
Mane Funding Corp.
5.25%, 10/1/07		8,342,290		8,342,290
Market Street Funding Corp.
5.30%, 10/1/07		8,342,255		8,342,255
MBIA Global Funding LLC
4.87%, 3/30/09 (l)		2,086,485		2,086,485
Monumental Global Funding II
4.86%, 4/25/08 (l)		1,001,513		1,001,513
4.93%, 5/26/10 (l)		3,922,592		3,922,592
Morgan Stanley
5.53%, 5/7/09 (l)		4,172,971		4,172,971
Morgan Stanley, Repurchase Agreement,
5.15%, 10/1/07 (r)		41,187,271		41,187,271
5.35%, 10/1/07 (r)		5,842,159		5,842,159
Natexis Banques Populaires N.Y.
4.87%, 1/28/08 (l)		2,503,782		2,503,782
New York Life Insurance Co.
5.42%, 12/28/07 (l)		2,837,620		2,837,620
Pricoa Global Funding I
4.90%, 6/25/10 (l)		2,503,094		2,503,094
Rheingold Securitization Ltd.
5.35%, 10/25/07		6,175,913		6,175,913
5.35%, 1/7/08		2,035,659		2,035,659
Royal Bank of Scotland plc/London
5.30%, 10/1/07		8,345,941		8,345,941
Simba Funding Corp.
5.25%, 10/1/07		8,342,290		8,342,290
Three Pillars Funding Corp.
5.25%, 10/1/07		8,342,290		8,342,290
Wachovia Bank N.A.
4.87%, 10/2/08 (l)		834,594		834,594
Total Short-Term Investments of Cash Collateral for Securities Loaned				232,536,758

67

AXA PREMIER VIP TRUST

MULTIMANAGER MID CAP GROWTH PORTFOLIO

PORTFOLIO OF INVESTMENTS (Concluded)

September 30, 2007 (Unaudited)

	Principal Amount		Value (Note 1)
Time Deposit (0.5%)
JPMorgan Chase Nassau
4.43%, 10/1/07	$	4,441,998	$	4,441,998
Total Short-Term Investments (30.6%) (Cost/Amortized Cost $ 246,318,755)				246,317,718
Total Investments (128.8%) (Cost/Amortized Cost $ 887,010,365)				1,038,003,866
Other Assets Less Liabilities (-28.8%)				(232,395,399	)
Net Assets (100%)			$	805,608,467

* Non-income producing.

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

† Securities (totaling $2,494,972 or 0.31% of net assets) valued at fair value.

(b) Illiquid security.

(l) Floating Rate Security. Rate disclosed is as of September 30, 2007.

(o) Discount Note Security. Effective rate calculated as of September 30, 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 nine months ended September 30, 2007 were as follows:

Cost of Purchases:
Stocks and long-term corporate debt securities	$	168,268,391
Net Proceeds of Sales and Redemptions:
Stocks and long-term corporate debt securities	$	201,031,661
As of September 30, 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	$	175,993,138
Aggregate gross unrealized depreciation		(29,349,616	)
Net unrealized appreciation	$	146,643,522
Federal income tax cost of investments	$	891,360,344

At September 30, 2007, the Portfolio had loaned securities with a total value of $223,360,763. This was secured by collateral of $232,536,758 which was received as cash and subsequently invested in short-term investments as reported in the portfolio of investments.

For the nine months ended September 30, 2007, the Portfolio incurred approximately $712 as brokerage commissions with Sanford C. Bernstein & Co., Inc., an affiliated broker/dealer.

See Notes to Portfolio of Investments.

68

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MULTIMANAGER MID CAP VALUE PORTFOLIO

PORTFOLIO OF INVESTMENTS

September 30, 2007 (Unaudited)

	Number of Shares	Value (Note 1)
COMMON STOCKS:
Consumer Discretionary (11.2%)
Auto Components (1.0%)
Aftermarket Technology Corp.*^	27,128	$	861,043
Autoliv, Inc	16,561		989,520
BorgWarner, Inc	51,200		4,686,336
Spartan Motors, Inc.^	11,568		194,689
Standard Motor Products, Inc	26,100		245,340
Stoneridge, Inc.*^	24,100		245,820
Strattec Security Corp	4,890		227,483
TRW Automotive Holdings Corp.*	71,344		2,260,178
WABCO Holdings, Inc	52,966		2,476,160
			12,186,569
Diversified Consumer Services (0.6%)
Carriage Services, Inc.*^	8,780		71,733
CPI Corp.^	200		7,704
Regis Corp	188,069		6,001,282
Service Corp. International	28,606		369,017
Stewart Enterprises, Inc., Class A^	139,459		1,062,677
			7,512,413
Hotels, Restaurants & Leisure (1.1%)
Bluegreen Corp.*^	35,400		274,350
Bob Evans Farms, Inc.^	5,013		151,292
Brinker International, Inc	39,100		1,072,904
Burger King Holdings, Inc	8,830		225,077
Canterbury Park Holding Corp	620		7,564
CBRL Group, Inc	34,120		1,392,096
CEC Entertainment, Inc.*^	2,800		75,236
Cheesecake Factory, Inc.*^	289,600		6,796,912
CKE Restaurants, Inc.^	260		4,215
Dover Downs Gaming & Entertainment, Inc.^	11,400		118,446
Frisch’s Restaurants, Inc	4,870		140,986
ILX Resorts, Inc	1,460		14,089
Interstate Hotels & Resorts, Inc.*^	42,200		192,010
J. Alexander’s Corp	5,260		68,959
Jack in the Box, Inc.*	4,150		269,086
Landry’s Restaurants, Inc.^	600		15,876
Marcus Corp.^	10,860		208,512
Nathan’s Famous, Inc.*	4,000		66,000
O’Charley’s, Inc.^	26,910		407,956
Red Lion Hotels Corp.*	240		2,472
Ruby Tuesday, Inc.^	27,200		498,848
Silverleaf Resorts, Inc.*^	49,133		259,913
Speedway Motorsports, Inc.^	4,940		182,780
WMS Industries, Inc.*^	2,625		86,887
			12,532,466
Household Durables (1.1%)
American Biltrite, Inc.*	518		3,108
American Greetings Corp., Class A^	55,460		1,464,144
Avatar Holdings, Inc.*^	9,800		489,314
Blyth, Inc	4,360		89,162
CSS Industries, Inc.^	2,210		79,494
Directed Electronics, Inc.*^	32,560		129,914
Ethan Allen Interiors, Inc.^	38,096		1,245,358
Flexsteel Industries, Inc	4,334		60,676
Hooker Furniture Corp	8,120		162,563
M.D.C. Holdings, Inc.^	66,900		2,738,886
Meritage Homes Corp.*^	100		1,412
National Presto Industries, Inc.^	6,020		319,060
Newell Rubbermaid, Inc	102,200		2,945,404
P&F Industries, Inc., Class A*	5,000		56,900
Q.E.P. Co., Inc.*^	2,300		29,486
Snap-On, Inc	8,100		401,274
Stanley Works	3,460		194,210
Syntax-Brillian Corp.*^	10,800		43,956
Universal Electronics, Inc.*^	7,744		251,680
Whirlpool Corp	27,300		2,432,430
			13,138,431
Internet & Catalog Retail (0.1%)
1-800-FLOWERS.COM, Inc., Class A*^	30,600		354,654
PC Mall, Inc.*^	9,458		147,640
Systemax, Inc	15,194		310,565
			812,859
Leisure Equipment & Products (0.3%)
Aldila, Inc.^	5,708		94,353
Callaway Golf Co.^	3,520		56,355
GameTech International, Inc.*^	10,555		82,224
Hasbro, Inc	62,002		1,728,616
JAKKS Pacific, Inc.*^	44,810		1,196,875
			3,158,423
Media (2.6%)
Cablevision Systems Corp.—New York Group, Class A*^	74,800		2,613,512
Cinram International Income Fund	359,900		6,744,620
Entercom Communications Corp., Class A^	150,400		2,907,232
Journal Communications, Inc., Class A^	75,717		717,797
Mediacom Communications Corp., Class A*^	6,850		48,292
R.H. Donnelley Corp.*	161,180		9,029,304
Saga Communications, Inc., Class A*	26,500		194,510
Scholastic Corp.*^	55,030		1,918,346
Traffix, Inc.^	7,740		51,316
Triple Crown Media, Inc.*	3,000		18,510
Valassis Communications, Inc.*^	38,800		346,096
Virgin Media, Inc	207,900		5,045,733
			29,635,268
Multiline Retail (0.9%)
Big Lots, Inc.*^	138,440		4,131,050
Bon-Ton Stores, Inc.^	11,700		265,824
Macy’s, Inc	176,330		5,698,985
			10,095,859
Specialty Retail (2.5%)
Aaron Rents, Inc.^	2,950		65,785
Aeropostale, Inc.*	374		7,128
Asbury Automotive Group, Inc.^	42,500		841,925
Books-A-Million, Inc.^	31,300		414,099
Cabela’s, Inc.*^	54,740		1,294,601
Circuit City Stores, Inc.^	344,600		2,725,786
Coldwater Creek, Inc.*^	728,200		7,908,252
Factory Card & Party Outlet Corp.*	186		3,030
Finish Line, Inc., Class A^	54,800		237,832
Foot Locker, Inc	99,500		1,525,335
Franklin Covey Co.*^	26,100		198,360
Gap, Inc	337,100		6,216,124
Gymboree Corp.*	2,290		80,700
Hastings Entertainment, Inc.*	14,414		120,789
Jennifer Convertibles, Inc.*	840		3,612
Jo-Ann Stores, Inc.*	980		20,678
Lithia Motors, Inc., Class A^	25,700		438,442
Mothers Work, Inc.*^	7,999		149,341
Office Depot, Inc.*	164,300		3,387,866
Pomeroy IT Solutions, Inc.*	3,570		28,739
Rent-A-Center, Inc.*^	112,599		2,041,420
Rex Stores Corp.*^	13,970		270,320

69

AXA PREMIER VIP TRUST

MULTIMANAGER MID CAP VALUE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2007 (Unaudited)

	Number of Shares	Value (Note 1)
Stage Stores, Inc.^	30,540	$	556,744
Trans World Entertainment Corp.*^	36,048		165,100
			28,702,008
Textiles, Apparel & Luxury Goods (1.0%)
Culp, Inc.*^	3,330		34,565
Deckers Outdoor Corp.*^	13,992		1,536,322
Delta Apparel, Inc	3,500		59,850
G-III Apparel Group Ltd.*^	2,100		41,349
Heelys, Inc.*^	8,343		66,494
Jones Apparel Group, Inc.	215,810		4,560,065
LaCrosse Footwear, Inc.	102		1,822
Liz Claiborne, Inc.	14,800		508,084
Movado Group, Inc.^	22,900		730,968
Perry Ellis International, Inc.*^	5,120		141,875
Phillips-Van Heusen Corp.^	21,417		1,123,964
R.G. Barry Corp.*^	5,040		48,636
Velcro Industries N.V.	800		14,320
Warnaco Group, Inc.*	31,283		1,222,227
Weyco Group, Inc.^	6,506		204,353
Wolverine World Wide, Inc.^	52,680		1,443,432
			11,738,326
Total Consumer Discretionary			129,512,622
Consumer Staples (4.1%)
Beverages (0.0%)
Boston Beer Co., Inc., Class A*	490		23,844
Food & Staples Retailing (0.9%)
Ingles Markets, Inc., Class A^	3,800		108,908
Longs Drug Stores Corp.	4,600		228,482
Ruddick Corp.^	14,595		489,516
Spartan Stores, Inc.^	3,286		74,034
Village Super Market, Inc., Class A^	200		10,400
Whole Foods Market, Inc.^	178,100		8,719,776
Winn-Dixie Stores, Inc.*	7,020		131,414
			9,762,530
Food Products (3.1%)
Bunge Ltd.^	86,852		9,332,247
Cal-Maine Foods, Inc.^	19,200		484,608
Corn Products International, Inc.^	92,976		4,264,809
Cosan Ltd., Class A*^	95,200		1,228,080
Dean Foods Co.	134,700		3,445,626
Diamond Foods, Inc.^	21,400		442,124
Flowers Foods, Inc.^	39,900		869,820
Fresh Del Monte Produce, Inc.^	7,900		227,125
Imperial Sugar Co.^	20,000		522,600
Marine Harvest ASA*	4,704,000		5,985,521
Omega Protein Corp.*	890		8,055
Sanderson Farms, Inc.^	4,100		170,847
Seaboard Corp.^	680		1,332,800
Seneca Foods Corp., Class A*^	3,100		84,289
Seneca Foods Corp., Class B*	600		16,110
Smithfield Foods, Inc.*	121,100		3,814,650
Tasty Baking Co.	11,069		111,686
Tyson Foods, Inc., Class A	166,200		2,966,670
			35,307,667
Household Products (0.0%)
Energizer Holdings, Inc.*	550		60,968
Oil-Dri Corp. of America^	9,625		177,100
			238,068
Personal Products (0.1%)
Elizabeth Arden, Inc.*^	18,910		509,813
Natural Alternatives International, Inc.*^	2,225		13,973
NBTY, Inc.*	10,728		435,557
Schiff Nutrition International, Inc.^	23,130		138,549
			1,097,892
Tobacco (0.0%)
Universal Corp.^	6,680		326,986
Total Consumer Staples			46,756,987
Energy (7.2%)
Energy Equipment & Services (2.8%)
Bronco Drilling Co., Inc.*^	14,808		219,158
Cameron International Corp.*	66,200		6,109,598
Complete Production Services, Inc.*^	55,600		1,138,688
Dawson Geophysical Co.*^	1,500		116,265
GulfMark Offshore, Inc.*^	24,174		1,176,307
Helmerich & Payne, Inc	100		3,283
Lufkin Industries, Inc.^	3,940		216,779
Oil States International, Inc.*^	8,590		414,897
Rowan Cos., Inc.	18,780		686,972
SBM Offshore N.V.	29,057		1,142,330
SEACOR Holdings, Inc.*^	37,290		3,546,279
Solar Cayman Ltd.†(b)	141,300		1,801,575
Superior Energy Services, Inc.*	57,488		2,037,375
T-3 Energy Services, Inc.*^	920		39,229
Tidewater, Inc.^	53,450		3,358,798
Trico Marine Services, Inc.*	20,056		597,669
Union Drilling, Inc.*^	21,900		319,302
Unit Corp.*	25,800		1,248,720
Weatherford International Ltd.*	119,400		8,021,292
			32,194,516
Oil, Gas & Consumable Fuels (4.4%)
Arch Coal, Inc.^	121,800		4,109,532
Brasil Ecodiesel Industria e Comercio de Biocombustiveis e Oleos Vegetais S.A. (ADR)*§	362,500		2,342,475
Callon Petroleum Co.*^	3,760		52,339
Cimarex Energy Co.	119,600		4,455,100
Consol Energy, Inc.	164,200		7,651,720
Holly Corp.	4,210		251,884
Mariner Energy, Inc.*^	79,290		1,642,096
Murphy Oil Corp.^	146,210		10,218,617
Newfield Exploration Co.*	136,200		6,559,392
Noble Energy, Inc.	68,500		4,797,740
Petroleum Development Corp.*^	21,021		932,282
Swift Energy Co.*^	47,500		1,943,700
Uranium One, Inc.*	220,500		2,915,171
USEC, Inc.*^	205,500		2,106,375
Western Refining, Inc.^	26,500		1,075,370
			51,053,793
Total Energy			83,248,309
Financials (18.5%)
Capital Markets (2.6%)
Affiliated Managers Group, Inc.*^	39,700		5,062,147
American Physicians Service Group, Inc.^	3,300		60,720
E*TRADE Financial Corp.*	871,900		11,387,014
Federated Investors, Inc., Class B	194,200		7,709,740
Firstcity Financial Corp.*	6,355		62,851
HFF, Inc., Class A*^	12,600		149,562
Knight Capital Group, Inc., Class A*^	441,100		5,275,556
MVC Capital, Inc.^	23,420		433,972
			30,141,562

70

AXA PREMIER VIP TRUST

MULTIMANAGER MID CAP VALUE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2007 (Unaudited)

	Number of Shares	Value (Note 1)
Commercial Banks (2.5%)
1st Constitution Bancorp*	91	$	1,470
Banco Latinoamericano de Exportaciones S.A., Class E^.	45,000		818,100
Bar Harbor Bankshares	25		775
BNCCORP, Inc.*^	4,700		81,075
BOE Financial Services of Virginia, Inc	1,100		27,709
Bridge Capital Holdings*	100		2,226
Britton & Koontz Capital Corp.	1,752		28,120
C&F Financial Corp	1,438		60,036
Carolina Bank Holdings, Inc.*	1,918		20,868
CCF Holding Co	1,092		16,882
Central Virginia Bankshares, Inc.	562		10,678
City National Corp./California^	13,500		938,385
CNB Financial Corp./Pennsylvania	624		8,861
Codorus Valley Bancorp, Inc	1,427		25,957
Commerce Bancorp, Inc./ New Jersey^	285,700		11,079,446
Community Bank Shares of Indiana, Inc	120		2,348
Community Bankshares, Inc./ South Carolina	4,010		59,950
Community Capital Corp	2,416		47,885
Cowlitz Bancorp*	1,021		14,529
Epic Bancorp	5,600		71,680
Evans Bancorp, Inc	2,690		49,362
Farmers Capital Bank Corp.^	2,159		61,402
Financial Institutions, Inc.^	4,503		81,414
First M&F Corp	10,511		186,045
First Merchants Corp.^	15,429		332,649
First Regional Bancorp/California*^	13,945		342,071
First United Corp	8,300		174,217
Firstbank Corp./Michigan^	4,300		70,993
FNB United Corp	12,801		204,560
Habersham Bancorp	500		8,100
Harrington West Financial Group, Inc	6,451		101,861
Hawthorn Bancshares, Inc	780		24,180
HF Financial Corp	7,656		122,496
Horizon Bancorp/Indiana	3,300		86,130
Intervest Bancshares Corp.^	11,500		284,625
Landmark Bancorp, Inc.^	2,090		54,340
Marshall & Ilsley Corp	162,400		7,108,248
National Bankshares, Inc	1,180		22,892
Northrim BanCorp, Inc.^	6,570		163,589
Northway Financial, Inc	1,776		31,968
PAB Bankshares, Inc	618		10,240
Pacific Premier Bancorp, Inc.*	7,200		76,104
Peoples Bancorp of North Carolina, Inc	7,308		127,159
Peoples Financial Corp./ Mississippi	2,710		54,200
Pinnacle Bancshares, Inc	800		11,600
Premier Financial Bancorp, Inc	1,917		28,372
QCR Holdings, Inc	75		1,088
Republic First Bancorp, Inc.*	14,200		113,174
Rurban Financial Corp	884		11,103
Shore Financial Corp	2,182		27,384
Simmons First National Corp., Class A^	5,086		133,965
Southwest Bancorp, Inc./Oklahoma^	19,670		370,189
Taylor Capital Group, Inc.^	2,900		80,997
Team Financial, Inc	4,780		73,373
UnionBanCal Corp	18,800		1,098,108
United Bancshares, Inc./Ohio	1,420		20,732
United Security Bancshares, Inc./Alabama	1,421		33,493
Univest Corp. of Pennsylvania^	6,426		152,425
Vineyard National Bancorp^	14,005		234,164
Wainwright Bank & Trust Co.^	479		6,131
Webster Financial Corp	81,200		3,420,144
			28,912,267
Consumer Finance (0.5%)
Advanta Corp., Class A^	5,910		144,027
Advanta Corp., Class B^	8,934		244,970
AmeriCredit Corp.*^	165,600		2,911,248
Consumer Portfolio Services, Inc.*^	10,280		58,288
EZCORP, Inc., Class A*^	156		2,098
First Marblehead Corp.^	65,236		2,474,401
United PanAm Financial Corp.*^	17,659		145,510
White River Capital, Inc.*^	4,650		97,650
			6,078,192
Diversified Financial Services (1.6%)
Asta Funding, Inc.^	6,300		241,416
California First National Bancorp	2,716		35,281
CIT Group, Inc	83,600		3,360,720
Encore Capital Group, Inc.*	22,500		265,500
Financial Federal Corp.^	19,140		536,111
Genesis Lease Ltd. (ADR)^	212,600		5,289,488
KKR Financial Holdings LLC^ .	92,400		1,556,940
MicroFinancial, Inc	2,700		16,065
Moody’s Corp	138,600		6,985,440
Primus Guaranty Ltd.*^	58,351		613,853
			18,900,814
Insurance (5.6%)
Alleghany Corp.*	7,282		2,956,492
Allied World Assurance Holdings Ltd./Bermuda	28,740		1,491,893
American Financial Group, Inc./Ohio	120,620		3,440,083
American Safety Insurance Holdings Ltd.*	12,960		256,867
Arch Capital Group Ltd.*	41,800		3,110,338
Aspen Insurance Holdings Ltd.^	133,610		3,729,055
Assurant, Inc	61,890		3,311,115
Endurance Specialty Holdings Ltd.	69,600		2,891,880
Everest Reinsurance Group Ltd.	49,200		5,423,808
Horace Mann Educators Corp.^.	19,503		384,404
IPC Holdings Ltd.^	6,570		189,545
Max Capital Group Ltd.^	84,132		2,359,061
National Securities Group, Inc .	680		11,907
National Western Life Insurance Co., Class A^	610		156,136
NYMAGIC, Inc.^	9,300		258,633
Odyssey Reinsurance Holdings Corp.^	7,100		263,481
PartnerReinsurance Ltd.^	37,079		2,928,870
Platinum Underwriters Holdings Ltd	225,075		8,093,697
Presidential Life Corp.^	11,295		191,563
Reinsurance Group of America, Inc	107,900		6,116,851
RenaissanceReinsurance Holdings Ltd	46,610		3,048,760
Selective Insurance Group, Inc.^	66,914		1,423,930
Unico American Corp.*	4,190		46,928
United America Indemnity Ltd., Class A*^	4,040		86,900
Universal Insurance Holdings, Inc.^	45,850		327,369

71

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MULTIMANAGER MID CAP VALUE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2007 (Unaudited)

	Number of Shares	Value (Note 1)
Unum Group	137,800	$	3,371,966
Willis Group Holdings Ltd.^	175,999		7,205,399
Zenith National Insurance Corp.	44,800		2,011,072
			65,088,003
Real Estate Investment Trusts (REITs) (2.6%)
AmREIT, Inc., Class A (REIT)^	8,462		68,373
Ashford Hospitality Trust, Inc. (REIT)	165,824		1,666,531
CBL & Associates Properties, Inc. (REIT)	24,990		875,899
Colonial Properties Trust (REIT)^	79,250		2,718,275
Cousins Properties, Inc. (REIT)^	3,400		99,824
Extra Space Storage, Inc. (REIT)^	85,997		1,323,494
FelCor Lodging Trust, Inc. (REIT)	2,000		39,860
First Industrial Realty Trust, Inc. (REIT)^	28,100		1,092,247
Gladstone Commercial Corp. (REIT)^	800		14,960
Hersha Hospitality Trust (REIT)^	69,290		685,971
HRPT Properties Trust (REIT)	331,800		3,281,502
Investors Real Estate Trust (REIT)^	2,830		30,564
iStar Financial, Inc. (REIT)^	7,441		252,920
Lexington Realty Trust (REIT)^	53,943		1,079,399
Liberty Property Trust (REIT)	83,800		3,369,598
LTC Properties, Inc. (REIT)^	34,460		815,668
Medical Properties Trust, Inc. (REIT)^	53,143		707,865
MHI Hospitality Corp. (REIT)	8,581		81,520
Mission West Properties, Inc. (REIT)^	33,090		402,044
Monmouth Reit, Class A (REIT)^	23,000		193,660
National Retail Properties, Inc. (REIT)^	99,800		2,433,124
One Liberty Properties, Inc. (REIT)	18,100		352,045
Ramco-Gershenson Properties Trust (REIT)^	21,840		682,282
Strategic Hotels & Resorts, Inc. (REIT)^	105,600		2,174,304
Sunstone Hotel Investors, Inc. (REIT)^	78,330		2,008,381
Supertel Hospitality, Inc. (REIT)^	13,721		103,456
Thornburg Mortgage, Inc. (REIT)^	199,700		2,566,145
Transcontinental Realty Investors, Inc. (REIT)*	970		14,967
Urstadt Biddle Properties, Inc. (REIT)^	1,200		19,872
Urstadt Biddle Properties, Inc., Class A (REIT)^	10,350		160,115
Winthrop Realty Trust (REIT)^	85,550		575,751
			29,890,616
Real Estate Management & Development (0.0%)
Reis, Inc.*	4,460		32,781
United Capital Corp.*	1,320		34,980
			67,761
Thrifts & Mortgage Finance (3.1%)
1st Independence Financial Group, Inc	1,700		26,316
Beverly Hills Bancorp, Inc	32,163		199,089
Camco Financial Corp	10,129		134,716
Carver Bancorp, Inc	3,350		51,925
CFS Bancorp, Inc.^	7,620		107,442
Community Financial Corp. /Virginia	6,200		57,660
Corus Bankshares, Inc.^	64,200		835,884
Farmer Mac, Class C^	19,040		559,014
First Bancorp of Indiana, Inc	1,400		21,350
First BancTrust Corp	2,000		21,600
First Capital, Inc	380		6,411
First Defiance Financial Corp	9,700		261,900
First Federal Bancshares of Arkansas, Inc	3,809		68,562
First Federal Bankshares, Inc	4,700		81,780
First Franklin Corp	1,306		16,325
First Place Financial Corp./Ohio^	27,623		488,927
Franklin Bank Corp./Texas*^	40,099		368,911
Great Pee Dee Bancorp, Inc	500		11,500
Guaranty Federal Bancshares, Inc.	4,100		120,130
HMN Financial, Inc	5,777		171,172
Home Federal Bancorp/Indiana	400		10,700
HopFed Bancorp, Inc	140		2,101
Hudson City Bancorp, Inc.^	585,400		9,003,452
Imperial Capital Bancorp, Inc.^	8,524		240,803
LSB Financial Corp	1,963		46,621
MFB Corp	100		2,975
Monarch Community Bancorp, Inc	3,500		42,175
MutualFirst Financial, Inc.^	7,800		137,670
New Hampshire Thrift Bancshares, Inc	3,440		49,330
New York Community Bancorp, Inc.^	395,842		7,540,790
North Central Bancshares, Inc	1,900		72,865
Ocwen Financial Corp.*^	15,300		144,279
Parkvale Financial Corp	4,252		123,308
People’s United Financial, Inc	571,945		9,883,210
PFF Bancorp, Inc.^	39,100		599,794
Provident Community Bancshares, Inc	200		4,130
Provident Financial Holdings, Inc.^	12,160		270,803
Radian Group, Inc.^	102,000		2,374,560
South Street Financial Corp †	600		12
Southern Missouri Bancorp, Inc.	2,002		29,630
Teche Holding Co	1,062		43,542
TF Financial Corp.^	3,651		100,074
United Community Financial Corp./Ohio^	47,300		341,506
Washington Savings Bank FSB/Maryland	2,020		14,140
Wayne Savings Bancshares, Inc.	960		11,683
WSFS Financial Corp	10,620		662,688
			35,363,455
Total Financials			214,442,670
Health Care (8.1%)
Biotechnology (0.4%)
Theravance, Inc.*^	175,600		4,581,404
Trimeris, Inc.*^	30,300		235,734
			4,817,138
Health Care Equipment & Supplies (2.7%)
Align Technology, Inc.*	3,100		78,523
Allied Healthcare Products, Inc.*	4,200		28,392
Analogic Corp.^	9,399		599,280
Angeion Corp.*	5,330		39,122
Atrion Corp.^	440		55,000
Beckman Coulter, Inc	63,900		4,713,264
CONMED Corp.*^	27,300		764,127
Cooper Cos., Inc.^	86,800		4,550,056
Datascope Corp.^	16,713		565,067

72

AXA PREMIER VIP TRUST

MULTIMANAGER MID CAP VALUE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2007 (Unaudited)

	Number of Shares	Value (Note 1)
Edwards Lifesciences Corp.*^	164,000	$	8,086,840
Hillenbrand Industries, Inc.^	102,600		5,645,052
Hospira, Inc.*	105,590		4,376,705
Integra LifeSciences Holdings Corp.*^	490		23,804
Kewaunee Scientific Corp.^	3,400		59,840
National Dentex Corp.*	5,440		86,333
Orthofix International N.V.*^	14,971		733,130
Osteotech, Inc.*	4,039		30,373
Span-America Medical Systems, Inc.^	2,700		50,760
Theragenics Corp.*	21,812		97,936
Zoll Medical Corp.*	7,341		190,279
			30,773,883
Health Care Providers & Services (0.8%)
Almost Family, Inc.*^	3,040		54,994
Amedisys, Inc.*^	3,900		149,838
American Shared Hospital Services	4,050		15,917
AMERIGROUP Corp.*	6,163		212,500
Apria Healthcare Group, Inc.*^	50,100		1,303,101
Gentiva Health Services, Inc.*^.	22,650		435,107
Hanger Orthopedic Group, Inc.*^	28,280		320,412
HealthSouth Corp.*^	234,640		4,108,546
IntegraMed America, Inc.*^	374		4,619
Kindred Healthcare, Inc.*^	45,750		819,382
MedCath Corp.*	14,100		387,186
RehabCare Group, Inc.*^	25,810		453,998
Res-Care, Inc.*^	31,500		719,460
			8,985,060
Health Care Technology (0.5%)
HLTH Corp.*^	90,300		1,279,551
IMS Health, Inc	158,700		4,862,568
			6,142,119
Life Sciences Tools & Services (1.7%)
Albany Molecular Research, Inc.*	9,100		137,410
Bio-Rad Laboratories, Inc., Class A*^	1,100		99,550
Bruker BioSciences Corp.*^	8,740		76,912
Cambrex Corp.^	46,800		509,652
Harvard Bioscience, Inc.*	520		2,340
Invitrogen Corp.*	30,638		2,504,044
Medtox Scientific, Inc.*	8,519		174,213
PAREXEL International Corp.*^	12,206		503,742
PerkinElmer, Inc	15,640		456,844
Thermo Fisher Scientific, Inc.*	169,100		9,760,452
Varian, Inc.*^	87,360		5,556,970
			19,782,129
Pharmaceuticals (2.0%)
Barr Pharmaceuticals, Inc.*	157,800		8,980,398
Endo Pharmaceuticals Holdings, Inc.*	193,700		6,006,637
Impax Laboratories, Inc.*^	442,600		5,173,994
King Pharmaceuticals, Inc.*	127,610		1,495,589
Perrigo Co.^	57,572		1,229,162
Replidyne, Inc.*	37,000		239,020
ViroPharma, Inc.*^	13,700		121,930
			23,246,730
Total Health Care			93,747,059
Industrials (18.6%)
Aerospace & Defense (2.3%)
Alliant Techsystems, Inc.*^	115,500		12,624,150
Ducommun, Inc.*	2,600		83,980
Edac Technologies Corp.*	6,100		47,275
Esterline Technologies Corp.*^	20		1,141
Goodrich Corp	91,700		6,256,691
Herley Industries, Inc.*	18,210		272,421
Hexcel Corp.*^	203,800		4,628,298
Orbital Sciences Corp.*^	3,930		87,403
Sypris Solutions, Inc	1,956		16,822
Teledyne Technologies, Inc.*	13,700		731,443
Triumph Group, Inc.^	20,990		1,715,093
			26,464,717
Air Freight & Logistics (0.1%)
Hub Group, Inc., Class A*^	42,110		1,264,563
Park-Ohio Holdings Corp.*^	13,522		350,896
			1,615,459
Airlines (1.0%)
ExpressJet Holdings, Inc.*^	82,000		253,380
Northwest Airlines Corp.*	250,300		4,455,340
Pinnacle Airlines Corp.*^	26,800		429,336
Republic Airways Holdings, Inc.*^	56,512		1,196,359
SkyWest, Inc.^	43,640		1,098,419
U.S. Airways Group, Inc.*	790		20,737
UAL Corp.*^	84,200		3,917,826
			11,371,397
Building Products (0.5%)
American Standard Cos., Inc	92,300		3,287,726
Ameron International Corp.^	13,800		1,459,626
Armstrong World Industries, Inc.*	31,880		1,294,009
			6,041,361
Commercial Services & Supplies (2.1%)
A.T. Cross Co., Class A*^	4,950		54,697
Allied Waste Industries, Inc.*	70,184		894,846
Amrep Corp.^	1,900		50,920
Avalon Holdings Corp., Class A*	1,660		11,703
Bowne & Co., Inc.^	42,300		704,718
CDI Corp.^	17,020		474,518
Champion Industries, Inc	13,540		81,375
Comfort Systems USA, Inc.^	39,270		557,634
Consolidated Graphics, Inc.*^	4,200		263,718
Copart, Inc.*	141,700		4,873,063
Deluxe Corp	79,140		2,915,518
Dun & Bradstreet Corp	18,300		1,804,563
Ecology And Environment, Inc., Class A	5,428		63,508
Exponent, Inc.*^	10,000		250,900
GeoEye, Inc.*^	5,990		154,242
GP Strategies Corp.*^	8,950		99,345
Heidrick & Struggles International, Inc.*^	2,700		98,415
IKON Office Solutions, Inc	1,500		19,275
Interface, Inc., Class A^	72		1,300
Kelly Services, Inc., Class A^	27,275		540,318
Layne Christensen Co.*^	9		499
Nashua Corp.*	6,700		74,370
National Technical Systems, Inc.*	190		1,271
North American Galvanizing & Coatings, Inc.*^	8,916		67,762
R.R. Donnelley & Sons Co.	109,100		3,988,696
RCM Technologies, Inc.*	3,142		20,580
Spherion Corp.*^	27,673		228,579
Steelcase, Inc., Class A^	43,800		787,524
TeleTech Holdings, Inc.*	6,959		166,390
United Stationers, Inc.*^	70,700		3,925,264
Viad Corp.^	24,110		867,960
Virco Manufacturing Corp.*	650		5,038
Waste Industries USA, Inc.^	13,150		376,353
Westaff, Inc.*^	6,210		25,771
			24,450,633
Construction & Engineering (1.5%)
Granite Construction, Inc.^	55,400		2,937,308
Michael Baker Corp.*^	10,100		495,001

73

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MULTIMANAGER MID CAP VALUE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2007 (Unaudited)

	Number of Shares	Value (Note 1)
Northwest Pipe Co.*^	80	$	3,026
Perini Corp.*^	22,685		1,268,772
Shaw Group, Inc.*	66,100		3,840,410
URS Corp.*^	154,600		8,727,170
			17,271,687
Electrical Equipment (0.7%)
Acuity Brands, Inc	930		46,946
AZZ, Inc.*^	200		6,992
Chase Corp	2,200		40,920
Espey Manufacturing & Electronics Corp	320		6,864
Genlyte Group, Inc.*^	2,559		164,441
II-VI, Inc.*^	370		12,776
Preformed Line Products Co.^	4,112		213,906
Regal-Beloit Corp.^	55,900		2,677,051
SL Industries, Inc.*	7,300		166,367
Superior Essex, Inc.*^	1,860		69,341
Universal Security Instruments, Inc.*	753		13,178
Woodward Governor Co.^	69,012		4,306,349
			7,725,131
Industrial Conglomerates (1.8%)
Carlisle Cos., Inc	105,700		5,137,020
McDermott International, Inc.*.	136,700		7,392,736
Standex International Corp.^	25,200		521,136
Teleflex, Inc	87,079		6,785,196
Tredegar Corp.^	350		6,037
Walter Industries, Inc.^	30,200		812,380
			20,654,505
Machinery (6.5%)
AGCO Corp.*	174,100		8,839,057
Astec Industries, Inc.*^	400		22,980
Baldwin Technology Co., Inc., Class A*	20,070		100,551
Barnes Group, Inc.^	10,300		328,776
CIRCOR International, Inc.^	970		44,048
Dover Corp	123,895		6,312,450
Eastern Co.^	6,320		141,884
EnPro Industries, Inc.*^	20,600		836,360
FreightCar America, Inc.^	19,500		744,900
Gehl Co.*^	17,900		399,707
Hardinge, Inc.^	5,045		175,717
Harsco Corp	78,900		4,676,403
Hurco Cos., Inc.*^	1,753		94,767
Joy Global, Inc	163,300		8,305,438
K-Tron International, Inc.*	2,100		199,500
Kadant, Inc.*^	1,510		42,280
Kennametal, Inc	104,174		8,748,533
L.S. Starrett Co., Class A	920		17,802
Lydall, Inc.*^	17,890		166,019
Manitowoc Co., Inc	11,404		504,969
Mfri, Inc.*^	880		15,699
Mueller Industries, Inc.^	56,920		2,057,089
NACCO Industries, Inc., Class A	9,670		1,000,652
Pentair, Inc.^	241,800		8,022,924
Robbins & Myers, Inc.^	21,860		1,252,359
SPX Corp	150,740		13,952,494
Tennant Co.^	1,000		48,700
Toro Co.^	103,600		6,094,788
Trinity Industries, Inc.^	58,640		2,201,346
Twin Disc, Inc.^	6,780		394,596
Watts Water Technologies, Inc., Class A^	300		9,210
Xerium Technologies, Inc.^	14,500		78,300
			75,830,298
Marine (0.4%)
American Commercial Lines, Inc.*^	193,400		4,589,382
B&H Ocean Carriers Ltd.*	1,100		18,623
International Shipholding Corp.*	8,340		173,222
			4,781,227
Road & Rail (0.9%)
Avis Budget Group, Inc.*	173,600		3,973,704
Dollar Thrifty Automotive Group, Inc.*^	37,840		1,312,670
Ryder System, Inc	87,800		4,302,200
Saia, Inc.*^	10,296		170,193
Werner Enterprises, Inc.^	29,268		501,946
			10,260,713
Trading Companies & Distributors (0.8%)
Applied Industrial Technologies, Inc.^	82,245		2,535,613
Industrial Distribution Group, Inc.*^	11,700		110,448
Kaman Corp.^	2,859		98,807
Rush Enterprises, Inc., Class A*^	43,600		1,105,260
Rush Enterprises, Inc., Class B*^	7,900		188,494
UAP Holding Corp.^	152,500		4,782,400
Willis Lease Finance Corp.*	9,270		137,567
			8,958,589
Total Industrials			215,425,717
Information Technology (17.2%)
Communications Equipment (1.2%)
ADC Telecommunications, Inc.*	365,900		7,175,299
Avici Systems, Inc.^	19,000		202,540
Black Box Corp.^	1,871		80,004
Channell Commercial Corp.*	300		1,164
CommScope, Inc.*	2,800		140,672
Communications Systems, Inc.^ .	13,200		138,600
Digi International, Inc.*^	13,659		194,504
EMS Technologies, Inc.*^	15,750		386,347
Globecomm Systems, Inc.*^	1,560		20,686
JDS Uniphase Corp.*^	318,400		4,763,264
Network Equipment Technologies, Inc.*^	33,990		492,855
Oplink Communications, Inc.*^ .	30,230		412,942
Tekelec*^	1,580		19,118
Tollgrade Communications, Inc.*	15,100		152,812
			14,180,807
Computers & Peripherals (1.7%)
Astro-Med, Inc	2,650		26,871
Diebold, Inc.^	165,167		7,501,885
Emulex Corp.*^	57,280		1,098,058
Key Tronic Corp.*	13,300		61,579
NCR Corp.*	52,800		2,629,440
Printronix, Inc.^	1,520		20,596
Sun Microsystems, Inc.*	1,583,000		8,880,630
			20,219,059
Electronic Equipment & Instruments (4.1%)
ADDvantage Technologies
Group, Inc.*	9,000		73,080
Agilysys, Inc	8,864		149,802
Allied Motion Technologies, Inc.*^	5,050		25,351
Arrow Electronics, Inc.*	303,191		12,891,681
Avnet, Inc.*	113,190		4,511,753
AVX Corp	69,000		1,110,900
Coherent, Inc.*	1,486		47,671
CPI International, Inc.*^	9,500		180,595
CTS Corp.^	45,000		580,500
En Pointe Technologies, Inc.*	160		464
FARO Technologies, Inc.*	9,485		418,763

74

AXA PREMIER VIP TRUST

MULTIMANAGER MID CAP VALUE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2007 (Unaudited)

	Number of Shares	Value (Note 1)
Flextronics International Ltd.*	517,200	$	5,782,296
Gerber Scientific, Inc.*^	200		2,170
Insight Enterprises, Inc.*^	18,678		482,079
KEMET Corp.*^	137,900		1,013,565
Kingboard Laminates Holdings Ltd	1,998,000		1,781,117
Mesa Laboratories, Inc.^	600		12,450
O.I. Corp	4,500		56,250
Sigmatron International, Inc.*	4,700		56,400
SMART Modular Technologies (WWH), Inc.*^	40,458		289,275
Spectrum Control, Inc.*^	17,470		253,140
Technitrol, Inc	7,240		195,118
Tektronix, Inc	262,768		7,289,184
TESSCO Technologies, Inc.*^	6,225		97,670
TTM Technologies, Inc.*^	2,864		33,137
Vicon Industries, Inc.*	4,440		51,859
Vishay Intertechnology, Inc.*	735,150		9,579,005
Zones, Inc.*^	16,340		168,956
Zygo Corp.*^	11,342		147,786
			47,282,017
Internet Software & Services (0.1%)
United Online, Inc	44,811		672,613
IT Services (1.1%)
BearingPoint, Inc.*^	503,700		2,039,985
CACI International, Inc., Class A*^	140,500		7,178,145
CIBER, Inc.*^	25,140		196,343
Computer Task Group, Inc.*^	10,991		47,811
CSP, Inc.*	30		232
Edgewater Technology, Inc.*	8,800		76,648
MPS Group, Inc.*	186,680		2,081,482
Perot Systems Corp., Class A*	87,734		1,483,582
TechTeam Global, Inc.*^	9,194		108,489
			13,212,717
Office Electronics (0.4%)
Zebra Technologies Corp., Class A*	123,270		4,498,122
Semiconductors & Semiconductor Equipment (7.4%)
AMIS Holdings, Inc.*^	5,640		54,764
Amkor Technology, Inc.*^	125,908		1,450,460
Analog Devices, Inc	246,600		8,917,056
ASML Holding N.V. (N.Y. Shares)*^	191,700		6,299,262
Axcelis Technologies, Inc.*^	11,186		57,160
Cirrus Logic, Inc.*	61,313		392,403
Fairchild Semiconductor International, Inc.*	291,100		5,437,748
FEI Co.*^	28,200		886,326
International Rectifier Corp.*	135,185		4,459,753
IXYS Corp.*	18,290		190,765
KLA-Tencor Corp	106,400		5,934,992
LSI Corp.*^	953,600		7,075,712
Mattson Technology, Inc.*	12,700		109,855
Maxim Integrated Products, Inc.	216,700		6,360,145
Micron Technology, Inc.*	608,800		6,757,680
MKS Instruments, Inc.*^	71,090		1,352,132
Novellus Systems, Inc.*	11,747		320,223
ON Semiconductor Corp.*^	7,653		96,122
Pericom Semiconductor Corp.*^	27,166		318,386
Skyworks Solutions, Inc.*^	209,400		1,892,976
Standard Microsystems Corp.*^	21,971		844,126
Teradyne, Inc.*	449,800		6,207,240
TriQuint Semiconductor, Inc.*	1,768		8,681
Varian Semiconductor Equipment Associates, Inc.*	252,371		13,506,896
Verigy Ltd.*	217,415		5,372,325
White Electronic Designs Corp.*	2,249		11,740
Zoran Corp.*	37,700		761,540
			85,076,468
Software (1.2%)
American Software, Inc., Class A^	9,630		88,596
BMC Software, Inc.*	147,640		4,610,797
Captaris, Inc.*^	7,050		37,295
JDA Software Group, Inc.*	29,479		609,036
Lawson Software, Inc.*^	16,300		163,163
McAfee, Inc.*	128,700		4,487,769
Mentor Graphics Corp.*	350		5,285
NetScout Systems, Inc.*	670		7,303
SPSS, Inc.*^	15,647		643,718
SumTotal Systems, Inc.*^	100		586
Sybase, Inc.*	106,525		2,463,923
Synopsys, Inc.*	12,343		334,248
Taleo Corp., Class A*	2,850		72,419
			13,524,138
Total Information Technology			198,665,941
Materials (7.1%)
Chemicals (5.4%)
American Pacific Corp.*^	10,300		160,886
Arch Chemicals, Inc.^	23,735		1,112,697
Celanese Corp., Class A	184,270		7,182,845
CF Industries Holdings, Inc	82,999		6,300,454
Chemtura Corp	449,900		3,999,611
Cytec Industries, Inc	208,130		14,234,011
FMC Corp	226,200		11,766,924
Innospec, Inc	35,842		816,481
International Flavors & Fragrances, Inc.^	142,900		7,553,694
LSB Industries, Inc.*^	14,590		345,053
Material Sciences Corp.*^	100		1,062
OM Group, Inc.*^	21,090		1,113,763
Penford Corp.^	11,114		418,998
Rockwood Holdings, Inc.*	49,361		1,768,605
Scotts Miracle-Gro Co., Class A	9,379		400,952
Sensient Technologies Corp	57,220		1,651,941
Stepan Co.^	8,579		265,177
Terra Industries, Inc.*^	102,500		3,204,150
Valhi, Inc.^	450		10,687
			62,307,991
Construction Materials (0.0%)
United States Lime & Minerals, Inc.*^	670		23,966
Containers & Packaging (0.8%)
AEP Industries, Inc.*^	8,600		364,124
Greif, Inc., Class A	6,500		394,420
Owens-Illinois, Inc.*	157,500		6,528,375
Rock-Tenn Co., Class A	60,400		1,745,560
			9,032,479
Metals & Mining (0.9%)
Cleveland-Cliffs, Inc.^	58,540		5,149,764
Commercial Metals Co	41,502		1,313,538
Friedman Industries, Inc	4,340		38,409
Metal Management, Inc	13,000		704,600
Olympic Steel, Inc	11,690		317,501
Reliance Steel & Aluminum Co	10,500		593,670
Rock of Ages Corp.*	4,370		26,613
Schnitzer Steel Industries, Inc., Class A^	15,756		1,154,757
Steel Dynamics, Inc	21,470		1,002,649
Synalloy Corp	2,124		44,816
			10,346,317

75

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MULTIMANAGER MID CAP VALUE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2007 (Unaudited)

	Number of Shares		Value (Note 1)
Paper & Forest Products (0.0%)
Buckeye Technologies, Inc.*^		53,800	$	814,532
Total Materials				82,525,285
Telecommunication Services (1.3%)
Diversified Telecommunication Services (1.2%)
Atlantic Tele-Network, Inc.^		4,250		154,487
CenturyTel, Inc		113,180		5,231,180
D&E Communications, Inc.^		19,700		280,134
Embarq Corp		76,700		4,264,520
Gilat Satellite Networks Ltd.*		40,330		411,366
Golden Telecom, Inc.^		23,581		1,898,035
HickoryTech Corp		1,046		10,136
Hungarian Telephone & Cable Corp.*^		681		13,388
Premiere Global Services, Inc.*^		86,560		1,094,984
SureWest Communications^		23,528		588,435
				13,946,665
Wireless Telecommunication Services (0.1%)
USA Mobility, Inc.*^		40,293		679,743
Total Telecommunication Services				14,626,408
Utilities (4.3%)
Electric Utilities (2.1%)
Central Vermont Public Service Corp.^		830		30,328
El Paso Electric Co.*^		1,360		31,457
Empire District Electric Co.^		2,910		65,737
Maine & Maritimes Corp.*		650		18,408
Northeast Utilities		335,305		9,579,664
Pepco Holdings, Inc		181,100		4,904,188
Portland General Electric Co		38,127		1,059,931
PPL Corp		12,400		574,120
Sierra Pacific Resources		218,300		3,433,859
Unisource Energy Corp		50,150		1,498,983
Unitil Corp		100		2,950
Westar Energy, Inc		114,300		2,807,208
				24,006,833
Gas Utilities (0.5%)
AGL Resources, Inc		31,000		1,228,220
Delta Natural Gas Co., Inc		100		2,461
UGI Corp		177,400		4,608,852
				5,839,533
Multi-Utilities (1.7%)
Alliant Energy Corp.^		123,960		4,750,147
Black Hills Corp.^		10,100		414,302
CH Energy Group, Inc.^		13,870		662,986
Florida Public Utilities Co		100		1,180
MDU Resources Group, Inc		147,150		4,096,656
Puget Energy, Inc.^		155,613		3,807,850
Wisconsin Energy Corp		137,200		6,178,116
				19,911,237
Water Utilities (0.0%)
American States Water Co.^		2,430		94,770
Artesian Resources Corp., Class A		667		12,673
				107,443
Total Utilities				49,865,046
Total Common Stocks (97.6%) (Cost $980,990,732)				1,128,816,044
	Principal Amount
SHORT-TERM INVESTMENTS:
Short-Term Investments of Cash Collateralfor Securities Loaned (28.4%)
Banco Bilbao Vizcaya Argentaria S.A.
5.28%, 10/1/07	$	5,420,256		5,420,256
Banco de Sabadell S.A.
5.40%, 4/23/09 (l)		3,534,949		3,534,949
Banesto S.A./Madrid
5.33%, 12/27/07		8,837,373		8,837,373
Barclays plc/Seoul
5.22%, 10/29/07		5,891,582		5,891,582
BBVA Senior Finance S.A.
5.75%, 3/12/10 (l)		2,592,296		2,592,296
Beta Finance, Inc.
4.87%, 1/31/08 (l)		471,327		471,327
4.87%, 3/10/08 (l)		1,178,204		1,178,204
BNP Paribas S.A.
5.20%, 10/1/07		12,643,336		12,643,336
CIT Group Holdings, Inc.
5.38%, 6/18/08 (l)		5,655,919		5,655,919
Citigroup Funding, Inc.
4.86%, 3/16/09 (l)		3,534,949		3,534,949
Citigroup Global Markets, Inc.
5.40%, 10/5/07 (l)		2,759,381		2,759,381
Comerica Bank
5.78%, 3/16/09 (l)		1,178,210		1,178,210
Commerzbank AG/Frankfurt
5.20%, 10/1/07		860,171		860,171
Crown Point Capital Co. LLC, Series C
5.38%, 10/18/07		1,629,204		1,629,204
DekaBank Deutsche Girozentrale
5.38%, 10/28/08 (l)		3,063,623		3,063,623
Den Danske Bank/London
5.50%, 10/1/07		14,728,956		14,728,956
Deutsche Bank AG/London
4.84%, 10/18/07 (l)		7,069,899		7,069,899
Deutsche Bank AG/New York
5.35%, 1/22/08 (l)		1,178,317		1,178,317
Dexia Bank
5.13%, 10/1/07		5,891,582		5,891,582
Fenway Funding LLC
5.37%, 10/2/07		6,626,423		6,626,423
Fifth Third Bancorp
5.14%, 8/22/08 (l)		353,492		353,492
First Tennessee Bank
5.77%, 8/15/08 (l)		10,604,127		10,604,127
General Electric Capital Corp.
4.90%, 3/12/10 (l)		471,327		471,327
Glitnir banki hf
5.62%, 08/15/08 (l)		5,891,582		5,891,582
Goldman Sachs Group, Inc.
5.73%, 12/03/07 (l)		1,296,148		1,296,148
5.37%, 8/18/08 (l)		2,356,633		2,356,633
4.91%, 3/27/09 (l)		3,299,286		3,299,286
Hartford Life, Inc.
5.80%, 9/26/08 (l)		942,653		942,653
ING Bank N.V./United States
5.85%, 12/28/07 (l)		8,837,373		8,837,373
IXIS Corporate & Investment Bank
5.28%, 10/1/07		11,783,164		11,783,164
K2 (USA) LLC
4.87%, 5/29/09 (l)		4,711,001		4,711,001
4.87%, 6/18/09 (l)		5,888,493		5,888,493
Kommunalkredit Austria AG
5.83%, 7/8/08 (l)		7,069,677		7,069,677
Lehman Brothers Holdings, Inc.
5.50%, 12/28/07 (l)		412,411		412,411
5.60%, 8/21/09 (l)		2,945,752		2,945,752
Links Finance LLC
4.87%, 6/25/09 (l)		1,766,702		1,766,702
Mane Funding Corp.
5.25%, 10/1/07		11,778,009		11,778,009

76

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MULTIMANAGER MID CAP VALUE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Concluded)

September 30, 2007 (Unaudited)

	Principal Amount		Value (Note 1)
Market Street Funding Corp.
5.30%, 10/1/07	$	11,777,960	$	11,777,960
MBIA Global Funding LLC
4.87%, 3/30/09 (l)		2,945,791		2,945,791
Monumental Global Funding II
4.86%, 4/25/08 (l)		1,413,980		1,413,980
4.93%, 5/26/10 (l)		5,538,087		5,538,087
Morgan Stanley
5.40%, 5/7/09 (l)		5,891,582		5,891,582
Morgan Stanley, Repurchase Agreement
5.15%, 10/1/07 (r)		58,149,987		58,149,987
5.35%, 10/1/07 (r)		8,248,215		8,248,215
Natexis Banques Populaires N.Y.
4.87%, 1/28/08 (l)		3,534,949		3,534,949
New York Life Insurance Co.
5.42%, 12/28/07 (l)		4,006,276		4,006,276
Pricoa Global Funding I
4.90%, 6/25/10 (l)		3,533,977		3,533,977
Rheingold Securitization Ltd.
5.35%, 10/25/07		8,719,424		8,719,424
5.35%, 1/7/08		2,874,032		2,874,032
Royal Bank of Scotland plc/London
5.30%, 10/1/07		11,783,164		11,783,164
Simba Funding Corp.
5.25%, 10/1/07		11,778,009		11,778,009
Three Pillars Funding Corp.
5.25%, 10/1/07		11,778,009		11,778,009
Wachovia Bank N.A.
4.87%, 10/2/08 (l)		1,178,316		1,178,316
Total Short-Term Investments of Cash Collateral for Securities Loaned				328,305,545
Time Deposit (2.4%)
JPMorgan Chase Nassau
4.43%, 10/1/07		28,561,616		28,561,616
Total Short-Term Investments (30.8%)
(Amortized Cost $356,867,161)				356,867,161
Total Investments (128.4%)
(Cost/Amortized Cost $1,337,857,893 )				1,485,683,205
Other Assets Less Liabilities (-28.4%)				(328,607,862	)
Net Assets (100%)			$	1,157,075,343

* Non-income producing.

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

† Securities (totaling $1,801,587 or 0.16% of net assets) valued at fair value.

§ Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may only be resold to qualified institutional buyers. At September 30, 2007, the market value of these securities amounted to $2,342,475 or 0.20% of net assets. Securities denoted with “§” but without “(b)”have been determined to be liquid under the guidelines established by the Board of Trustees. To the extent any securities might provide a right to demand registration, such rights have not been relied upon when determining liquidity.

(b) Illiquid security.

(l) Floating Rate Security. Rate disclosed is as of September 30, 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 nine months ended September 30, 2007 were as follows:

Cost of Purchases:
Stocks and long-term corporate debt securities	$	555,215,944
Net Proceeds of Sales and Redemptions:
Stocks and long-term corporate debt securities	$	466,795,866
As of September 30, 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	$	194,122,215
Aggregate gross unrealized depreciation		(52,156,194	)
Net unrealized appreciation	$	141,966,021
Federal income tax cost of investments	$	1,343,717,184

At September 30, 2007, the Portfolio had loaned securities with a total value of $321,530,864. This was secured by collateral of $328,305,545 which was received as cash and subsequently invested in short-term investments as reported in the portfolio of investments.

For the nine months ended September 30, 2007, the Portfolio incurred approximately $1,987 as brokerage commissions with Cowen and Co. LLC, $627 as brokerage commissions with Sanford C. Bernstein & Co., Inc., and $3,594 as brokerage commissions with Williams Capital Group, affiliated broker/dealers.

See Notes to Portfolio of Investments.

77

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MULTIMANAGER SMALL CAP GROWTH PORTFOLIO

PORTFOLIO OF INVESTMENTS

September 30, 2007 (Unaudited)

	Number of Shares	Value (Note 1)
COMMON STOCKS:
Consumer Discretionary (16.1%)
Auto Components (1.8%)
Exide Technologies, Inc.*	199,329	$	1,295,639
Fuel Systems Solutions, Inc.*	76,840		1,372,362
Sauer-Danfoss, Inc	46,810		1,248,891
Spartan Motors, Inc	215,664		3,629,625
			7,546,517
Automobiles (0.1%)
Brilliance China Automotive Holdings Ltd. (ADR)*	18,400		501,400
Distributors (0.1%)
DXP Enterprises, Inc.*	12,100		429,671
Diversified Consumer Services (1.3%)
Capella Education Co.*^	27,384		1,531,039
Corinthian Colleges, Inc.*^	62,100		988,011
CPI Corp	31,692		1,220,776
Strayer Education, Inc.^	9,480		1,598,612
			5,338,438
Hotels, Restaurants & Leisure (2.7%)
BJ’s Restaurants, Inc.*^	64,415		1,355,936
Gaylord Entertainment Co.*^	19,383		1,031,563
Great Wolf Resorts, Inc.*^	159,380		1,969,937
Pinnacle Entertainment, Inc.*^	54,400		1,481,312
Red Lion Hotels Corp.*^	65,690		676,607
Red Robin Gourmet Burgers, Inc.*^	33,320		1,429,428
Town Sports International Holdings, Inc.*^	86,364		1,313,596
Vail Resorts, Inc.*^	21,455		1,336,432
WMS Industries, Inc.*^	29,130		964,203
			11,559,014
Household Durables (0.8%)
Universal Electronics, Inc.*	108,780		3,535,350
Internet & Catalog Retail (3.7%)
1-800-FLOWERS.COM, Inc., Class A*	84,500		979,355
GSI Commerce, Inc.*^	142,613		3,793,506
Priceline.com, Inc.*^	42,134		3,739,392
Shutterfly, Inc.*^	100,883		3,219,177
Systemax, Inc	162,802		3,327,673
U.S. Auto Parts Network, Inc.*^	51,600		449,436
			15,508,539
Leisure Equipment & Products (0.1%)
Pool Corp.^	22,155		553,432
Media (2.0%)
Cinemark Holdings, Inc.^	61,000		1,132,160
Dolan Media Co.*	28,400		690,120
Entravision Communications Corp., Class A*	139,740		1,288,403
Lodgenet Entertainment Corp.*^ .	169,456		4,297,404
Mediacom Communications Corp., Class A*	83,000		585,150
Nexstar Broadcasting Group, Inc., Class A*	59,300		622,057
			8,615,294
Specialty Retail (1.7%)
Blockbuster, Inc., Class A*	78,500		421,545
Books-A-Million, Inc	66,094		874,424
Brown Shoe Co., Inc	44,718		867,529
Casual Male Retail Group, Inc.*	99,562		892,076
DSW, Inc., Class A*	12,700		319,659
Gander Mountain Co.*	75,800		410,078
Genesco, Inc.*	22,350		1,031,005
hhgregg, Inc.*^	67,700		710,850
Jo-Ann Stores, Inc.*	20,200		426,220
Jos. A. Bank Clothiers, Inc.*	19,500		651,690
Pep Boys—Manny, Moe & Jack	39,700		556,991
			7,162,067
Textiles, Apparel & Luxury Goods (1.8%)
Carter’s, Inc.*^	51,950		1,036,402
Fossil, Inc.*	19,900		743,464
Maidenform Brands, Inc.*	23,600		374,768
Skechers U.S.A., Inc., Class A*	62,936		1,390,886
Volcom, Inc.*^	77,905		3,312,521
Warnaco Group, Inc.*	20,700		808,749
			7,666,790
Total Consumer Discretionary			68,416,512
Consumer Staples (2.1%)
Beverages (0.1%)
National Beverage Corp	38,780		328,854
Food & Staples Retailing (0.8%)
Ingles Markets, Inc., Class A	60,071		1,721,635
Pricesmart, Inc	32,300		762,280
Spartan Stores, Inc	45,800		1,031,874
			3,515,789
Food Products (0.7%)
Cal-Maine Foods, Inc	90,400		2,281,696
Ralcorp Holdings, Inc.*	8,600		480,052
			2,761,748
Personal Products (0.4%)
Chattem, Inc.*^	14,400		1,015,488
Physicians Formula Holdings, Inc.*^	64,700		758,931
			1,774,419
Tobacco (0.1%)
Alliance One International, Inc.*	81,600		533,664
Total Consumer Staples			8,914,474
Energy (5.5%)
Energy Equipment & Services (3.0%)
Core Laboratories N.V.*^	15,610		1,988,558
Lufkin Industries, Inc	22,015		1,211,265
Matrix Service Co.*	146,159		3,062,031
OYO Geospace Corp.*^	57,525		5,333,143
TETRA Technologies, Inc.*	2,985		63,103
Willbros Group, Inc.*	27,100		921,400
			12,579,500
Oil, Gas & Consumable Fuels (2.5%)
Alon USA Energy, Inc	14,300		483,054
Calumet Specialty Products
Partners LP	11,200		550,592
Concho Resources, Inc.*	38,900		576,109
Copano Energy LLC	59,212		2,174,857
Delek U.S. Holdings, Inc	29,600		742,368
Markwest Hydrocarbon, Inc	43,817		2,547,082
PetroHawk Energy Corp.*^	96,035		1,576,895
Ultrapar Particpacoes S.A. (ADR)	20,400		790,092
USEC, Inc.*	37,200		381,300
VENOCO, Inc.*^	56,030		960,914
			10,783,263
Total Energy			23,362,763
Financials (5.4%)
Capital Markets (2.1%)
Cowen Group, Inc.*^	20,610		284,830
Evercore Partners, Inc., Class A^	40,900		1,075,261
FCStone Group, Inc.*^	83,430		2,692,286
Greenhill & Co., Inc.^	10,250		625,763
HFF, Inc., Class A*^	116,770		1,386,060
Investment Technology Group, Inc.*^	29,590		1,271,778

78

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MULTIMANAGER SMALL CAP GROWTH PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2007 (Unaudited)

	Number of Shares	Value (Note 1)
Oppenheimer Holdings, Inc., Class A	14,800	$	615,236
SWS Group, Inc	62,478		1,105,236
			9,056,450
Commercial Banks (0.3%)
Boston Private Financial Holdings, Inc.^	20,370		567,101
Western Alliance Bancorp*^	23,383		551,137
			1,118,238
Consumer Finance (1.2%)
Cash America International, Inc	105,365		3,961,724
Dollar Financial Corp.*^	42,500		1,212,525
			5,174,249
Diversified Financial Services (0.3%)
Duff & Phelps Corp., Class A*	15,450		283,508
Portfolio Recovery Associates, Inc.^	14,500		769,515
			1,053,023
Insurance (1.5%)
American Safety Insurance Holdings Ltd.*	28,575		566,356
Amerisafe, Inc.*	27,800		459,812
First Mercury Financial Corp.*^	109,125		2,347,279
Navigators Group, Inc.*^	25,744		1,396,612
ProCentury Corp	23,600		345,268
Tower Group, Inc	49,250		1,289,365
			6,404,692
Total Financials			22,806,652
Health Care (14.4%)
Biotechnology (0.9%)
Applera Corp.- Celera Group*	90,200		1,268,212
Cubist Pharmaceuticals, Inc.*^	32,675		690,423
Myriad Genetics, Inc.*^	20,655		1,077,158
Senomyx, Inc.*^	78,600		962,850
			3,998,643
Health Care Equipment & Supplies (5.5%)
American Medical Systems Holdings, Inc.*^	124,490		2,110,105
Arrow International, Inc	65,230		2,967,313
Cutera, Inc.*^	69,385		1,818,581
ev3, Inc.*^	45,700		750,394
Inverness Medical Innovations, Inc.*^	43,550		2,409,186
Northstar Neuroscience, Inc.*^	79,260		884,542
Orthofix International N.V.*	18,594		910,548
Respironics, Inc.*	35,085		1,685,133
SenoRx, Inc.*	79,568		678,715
Sirona Dental Systems, Inc.*	32,900		1,173,543
SonoSite, Inc.*^	44,700		1,364,244
Spectranetics Corp.*^	74,023		997,830
Stereotaxis, Inc.*^	70,248		968,720
SurModics, Inc.*^	30,345		1,487,208
Symmetry Medical, Inc.*^	81,740		1,365,058
Thoratec Corp.*^	92,630		1,916,515
			23,487,635
Health Care Providers & Services (3.8%)
American Dental Partners, Inc.*	58,300		1,632,983
Animal Health International, Inc.*	73,195		814,660
Apria Healthcare Group, Inc.*	16,600		431,766
Centene Corp.*	43,870		943,644
Emergency Medical Services Corp., Class A*	40,100		1,213,025
inVentiv Health, Inc.*^	104,076		4,560,610
Matria Healthcare, Inc.*^	32,410		847,846
MedCath Corp.*	24,900		683,754
MWI Veterinary Supply, Inc.*	18,075		682,331
PSS World Medical, Inc.*^	89,889		1,719,577
Psychiatric Solutions, Inc.*^	48,800		1,916,864
Sun Healthcare Group, Inc.*	54,500		910,695
			16,357,755
Health Care Technology (1.5%)
Eclipsys Corp.*	156,280		3,644,449
TriZetto Group, Inc.*^	115,310		2,019,078
Vital Images, Inc.*^	30,340		592,237
			6,255,764
Life Sciences Tools & Services (1.3%)
Bruker BioSciences Corp.*	101,200		890,560
Exelixis, Inc.*	101,383		1,073,646
ICON plc (ADR)*	34,090		1,739,612
Varian, Inc.*	25,585		1,627,462
			5,331,280
Pharmaceuticals (1.4%)
MGI Pharma, Inc.*^	89,200		2,477,976
Sciele Pharma, Inc.*^	129,494		3,369,434
			5,847,410
Total Health Care			61,278,487
Industrials (24.9%)
Aerospace & Defense (0.9%)
DRS Technologies, Inc.^	20,500		1,129,960
DynCorp International, Inc., Class A*	37,200		859,692
Elbit Systems Ltd	19,100		903,430
Esterline Technologies Corp.*	20,600		1,175,230
			4,068,312
Airlines (0.5%)
China Southern Airlines Co. Ltd. (ADR)*	22,600		1,740,426
Republic Airways Holdings, Inc.* .	24,700		522,899
			2,263,325
Building Products (1.3%)
Ameron International Corp.^	45,498		4,812,323
Apogee Enterprises, Inc	28,500		739,290
			5,551,613
Commercial Services & Supplies (9.7%)
ABM Industries, Inc	19,900		397,602
Advisory Board Co.*^	44,019		2,573,791
Cenveo, Inc.*	22,500		486,675
Corrections Corp. of America*	45,050		1,178,958
First Consulting Group, Inc.*	118,034		1,215,750
FTI Consulting, Inc.*^	92,270		4,642,104
GEO Group, Inc.*^	139,251		4,123,222
Hudson Highland Group, Inc.*	37,900		482,467
Huron Consulting Group, Inc.*^ . .	26,537		1,927,117
IHS, Inc., Class A*^	30,870		1,743,846
Innerworkings, Inc.*^	108,335		1,866,612
Interface, Inc., Class A^	86,400		1,559,520
M&F Worldwide Corp.*	12,500		627,375
On Assignment, Inc.*^	302,221		2,822,744
Resources Connection, Inc.^	165,884		3,840,215
RSC Holdings, Inc.*^	62,000		1,016,800
School Specialty, Inc.*	39,995		1,385,027
Team, Inc.*	36,800		1,007,584
TeleTech Holdings, Inc.*	125,138		2,992,049
Waste Connections, Inc.*	82,705		2,626,711
Waste Industries USA, Inc	46,676		1,335,867
Watson Wyatt Worldwide, Inc., Class A	30,040		1,349,998
			41,202,034
Construction & Engineering (2.0%)
EMCOR Group, Inc.*	45,388		1,423,368
Integrated Electrical Services, Inc.*	24,000		614,640
Michael Baker Corp.*	21,700		1,063,517
Northwest Pipe Co.*^	17,060		645,209

79

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MULTIMANAGER SMALL CAP GROWTH PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2007 (Unaudited)

	Number of Shares	Value (Note 1)
Perini Corp.*	12,800	$	715,904
Quanta Services, Inc.*	151,229		4,000,007
			8,462,645
Electrical Equipment (2.6%)
AZZ, Inc.*	91,700		3,205,832
Belden, Inc	34,474		1,617,175
Evergreen Solar, Inc.*^	81,850		730,921
General Cable Corp.*^	32,665		2,192,475
GrafTech International Ltd.*	57,000		1,016,880
Polypore International, Inc.*	74,950		1,053,797
Regal-Beloit Corp.^	23,800		1,139,782
			10,956,862
Industrial Conglomerates (0.8%)
Sequa Corp., Class A*	12,604		2,089,491
Tredegar Corp	70,298		1,212,641
			3,302,132
Machinery (5.6%)
Actuant Corp., Class A^	72,239		4,693,368
Bucyrus International, Inc., Class A^	34,420		2,510,251
Gardner Denver, Inc.*	92,257		3,598,023
Hardinge, Inc	23,300		811,539
Kaydon Corp.^	63,975		3,326,060
Lydall, Inc.*	36,100		335,008
RBC Bearings, Inc.*	15,270		585,604
Robbins & Myers, Inc	14,300		819,247
Titan International, Inc.^	120,060		3,832,315
Twin Disc, Inc	10,800		628,560
Valmont Industries, Inc	34,546		2,931,228
			24,071,203
Marine (0.5%)
Horizon Lines, Inc., Class A	69,852		2,132,582
Trading Companies & Distributors (1.0%)
Interline Brands, Inc.*^	101,930		2,343,371
Kaman Corp	25,800		891,648
WESCO International, Inc.*	22,200		953,268
			4,188,287
Total Industrials			106,198,995
Information Technology (21.0%)
Communications Equipment (1.9%)
EMS Technologies, Inc.*	54,555		1,338,234
Ixia*^	322,678		2,813,753
Loral Space & Communications, Inc.*	10,600		421,350
MRV Communications, Inc.*	394,944		979,461
Qiao Xing Universal Telephone, Inc.*	124,664		1,378,784
Sirenza Microdevices, Inc.*^	66,969		1,157,894
			8,089,476
Computers & Peripherals (0.8%)
Avid Technology, Inc.*^	34,810		942,655
Cray, Inc.*	40,600		292,320
Iomega Corp.*	175,100		917,524
STEC, Inc.*	149,634		1,141,707
			3,294,206
Electronic Equipment & Instruments (1.8%)
Agilysys, Inc	24,400		412,360
Coherent, Inc.*	95,235		3,055,139
Dolby Laboratories, Inc., Class A*	42,840		1,491,689
PC Connection, Inc.*	111,738		1,396,725
Universal Display Corp.*^	78,150		1,384,818
			7,740,731
Internet Software & Services (6.5%)
Bankrate, Inc.*^	56,728		2,616,295
CMGI, Inc.*	220,200		299,472
CNET Networks, Inc.*^	205,385		1,530,118
DealerTrack Holdings, Inc.*	86,130		3,607,125
Digital River, Inc.*^	22,600		1,011,350
Greenfield Online, Inc.*^	63,765		972,416
iBasis, Inc.*	50,000		537,500
Imergent, Inc	62,474		1,401,292
Internap Network Services Corp.*^	60,400		855,868
Internet Capital Group, Inc.*^	68,415		820,980
Knot, Inc.*^	54,307		1,154,567
Marchex, Inc., Class B^	173,565		1,650,603
MIVA, Inc.*	122,400		577,728
SkillSoft plc (ADR)*	402,770		3,620,902
Switch & Data Facilities Co., Inc.* .	47,685		776,789
ValueClick, Inc.*	27,800		624,388
VistaPrint Ltd.*^	147,543		5,513,682
			27,571,075
IT Services (3.0%)
Forrester Research, Inc.*^	58,700		1,383,559
Global Cash Access Holdings, Inc.*	414,090		4,385,213
Ness Technologies, Inc.*	84,912		927,239
SI International, Inc.*^	56,691		1,619,662
SYKES Enterprises, Inc.*	159,797		2,654,228
Wright Express Corp.*^	51,036		1,862,304
			12,832,205
Semiconductors & Semiconductor Equipment (3.7%)
Advanced Energy Industries, Inc.*^	44,160		666,816
Amkor Technology, Inc.*	132,220		1,523,174
ASM International N.V	94,189		2,691,922
Eagle Test Systems, Inc.*^	44,825		574,656
Microsemi Corp.*^	123,994		3,456,953
PMC-Sierra, Inc.*^	251,900		2,113,441
Power Integrations, Inc.*^	60,829		1,807,230
Silicon Laboratories, Inc.*^	24,412		1,019,445
Ultra Clean Holdings, Inc.*	127,639		1,876,293
			15,729,930
Software (3.3%)
ANSYS, Inc.*^	71,740		2,451,356
Epicor Software Corp.*^	84,900		1,169,073
FactSet Research Systems, Inc	17,420		1,194,141
Lawson Software, Inc.*^	234,500		2,347,345
Quality Systems, Inc	15,195		556,593
Secure Computing Corp.*^	231,813		2,255,540
Taleo Corp., Class A*	51,054		1,297,282
The9 Ltd. (ADR)*^	42,380		1,461,686
TIBCO Software, Inc.*	184,530		1,363,677
			14,096,693
Total Information Technology			89,354,316
Materials (8.2%)
Chemicals (4.3%)
Calgon Carbon Corp.*	69,800		974,408
H.B. Fuller Co	52,816		1,567,579
ICO, Inc.*	73,700		1,037,696
Innospec, Inc	17,700		403,206
Koppers Holdings, Inc	24,400		942,084
LSB Industries, Inc.*	74,400		1,759,560
OM Group, Inc.*	30,794		1,626,231
Quaker Chemical Corp.^	34,275		806,148
Sensient Technologies Corp	20,600		594,722
Terra Industries, Inc.*^	102,995		3,219,624
Valhi, Inc	50,400		1,197,000
W.R. Grace & Co.*	87,906		2,361,155
Zoltek Cos., Inc.*^	42,070		1,835,514
			18,324,927
Construction Materials (0.5%)
Texas Industries, Inc.^	25,465		1,999,003
Containers & Packaging (0.9%)
AEP Industries, Inc.*	26,026		1,101,941
Rock-Tenn Co., Class A	69,887		2,019,734

80

AXA PREMIER VIP TRUST

MULTIMANAGER SMALL CAP GROWTH PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2007 (Unaudited)

	Number of Shares		Value (Note 1)
Vitro S.A.B. de C.V. (ADR)		101,000	$	757,500
				3,879,175
Metals & Mining (2.3%)
AK Steel Holding Corp.*		85,786		3,770,295
Brush Engineered Materials, Inc.*		49,702		2,579,037
Claymont Steel Holdings, Inc.*^		45,170		914,692
Metal Management, Inc		11,700		634,140
Synalloy Corp		23,400		493,740
Universal Stainless & Alloy Products, Inc.*		40,856		1,625,660
				10,017,564
Paper & Forest Products (0.2%)
Buckeye Technologies, Inc.*		51,400		778,196
Total Materials				34,998,865
Telecommunication Services (1.6%)
Diversified Telecommunication Services (1.6%)
Cbeyond, Inc.*^		28,359		1,156,764
Cogent Communications Group, Inc.*^		57,700		1,346,718
NeuStar, Inc., Class A*^		81,035		2,778,690
PAETEC Holding Corp.*		126,900		1,582,443
Total Telecommunication Services				6,864,615
Utilities (0.2%)
Electric Utilities (0.2%)
Central Vermont Public Service Corp		21,300		778,302
Total Utilities				778,302
Total Common Stocks (99.4%) (Cost $391,884,877)				422,973,981
	Principal Amount
SHORT-TERM INVESTMENTS:
Short-Term Investments of Cash Collateral for Securities Loaned (32.6%)
Banco Bilbao Vizcaya Argentaria S.A.
5.28%, 10/1/07	$	2,292,787		2,292,787
Banco de Sabadell S.A.
5.40%, 4/23/09 (l)		1,495,296		1,495,296
Banesto S.A./Madrid
5.33%, 12/27/07		3,738,239		3,738,239
Barclays plc/Seoul
5.22%, 10/29/07		2,492,160		2,492,160
BBVA Senior Finance S.A.
5.75%, 3/12/10 (l)		1,096,550		1,096,550
Beta Finance, Inc.
4.87%, 1/31/08 (l)		199,373		199,373
4.87%, 3/10/08 (l)		498,384		498,384
BNP Paribas S.A.
5.20%, 10/1/07		5,348,174		5,348,174
CIT Group Holdings, Inc.
5.38%, 6/18/08 (l)		2,392,474		2,392,474
Citigroup Funding, Inc.
4.86%, 3/16/09 (l)		1,495,296		1,495,296
Citigroup Global Markets, Inc.
5.40%, 10/5/07 (l)		1,167,228		1,167,228
Comerica Bank
5.78%, 3/16/09 (l)		498,387		498,387
Commerzbank AG/Frankfurt
5.20%, 10/1/07		363,855		363,855
Crown Point Capital Co. LLC, Series C
5.38%, 10/18/07		689,159		689,159
DekaBank Deutsche Girozentrale
5.38%, 10/28/08 (l)		1,295,923		1,295,923
Den Danske Bank/London
5.50%, 10/1/07		6,230,399		6,230,399
Deutsche Bank AG/London
4.84%, 10/18/07 (l)		2,990,591		2,990,591
Deutsche Bank AG/New York
5.35%, 1/22/08 (l)		498,432		498,432
Dexia Bank
5.13%, 10/1/07		2,492,160		2,492,160
Fenway Funding LLC
5.37%, 10/2/07		2,803,000		2,803,000
Fifth Third Bancorp
5.14%, 8/22/08 (l)		149,528		149,528
First Tennessee Bank
5.77%, 8/15/08 (l)		4,485,582		4,485,582
General Electric Capital Corp.
4.90%, 3/12/10 (l)		199,373		199,373
Glitnir banki hf
5.62%, 8/15/08 (l)		2,492,160		2,492,160
Goldman Sachs Group, Inc.
4.91%, 3/27/09 (l)		1,395,610		1,395,610
5.37%, 8/18/08 (l)		996,864		996,864
5.73%, 12/3/07 (l)		548,275		548,275
Hartford Life, Inc.
5.80%, 9/26/08 (l)		398,746		398,746
ING Bank N.V./United States
5.85%, 12/28/07 (l)		3,738,239		3,738,239
IXIS Corporate & Investment Bank
5.28%, 10/1/07		4,984,319		4,984,319
K2 (USA) LLC
4.87%, 5/29/09 (l)		1,992,769		1,992,769
4.87%, 6/18/09 (l)		2,490,853		2,490,853
Kommunalkredit Austria AG
5.83%, 7/8/08 (l)		2,990,498		2,990,498
Lehman Brothers Holdings, Inc.
5.50%, 12/28/07 (l)		174,451		174,451
5.60%, 8/21/09 (l)		1,246,063		1,246,063
Links Finance LLC
4.87%, 6/25/09 (l)		747,321		747,321
Mane Funding Corp.
5.25%, 10/1/07		4,982,138		4,982,138
Market Street Funding Corp.
5.30%, 10/1/07		4,982,118		4,982,118
MBIA Global Funding LLC
4.87%, 3/30/09 (l)		1,246,080		1,246,080
Monumental Global Funding II
4.86%, 4/25/08 (l)		598,118		598,118
4.93%, 5/26/10 (l)		2,342,630		2,342,630
Morgan Stanley
5.40%, 5/7/09 (l)		2,492,160		2,492,160
Morgan Stanley, Repurchase Agreement
5.15%, 10/1/07 (r)		24,597,644		24,597,644
5.35%, 10/1/07 (r)		3,489,023		3,489,023
Natexis Banques Populaires N.Y.
4.87%, 1/28/08 (l)		1,495,296		1,495,296
New York Life Insurance Co.
5.42%, 12/28/07 (l)		1,694,669		1,694,669
Pricoa Global Funding I
4.90%, 6/25/10 (l)		1,494,884		1,494,884
Rheingold Securitization Ltd.
5.35%, 10/25/07		3,688,346		3,688,346
5.35%, 1/7/08		1,215,725		1,215,725
Royal Bank of Scotland plc/London
5.30%, 10/1/07		4,984,319		4,984,319
Simba Funding Corp.
5.25%, 10/1/07		4,982,138		4,982,138
Three Pillars Funding Corp.
5.25%, 10/1/07		4,982,138		4,982,138

81

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MULTIMANAGER SMALL CAP GROWTH PORTFOLIO

PORTFOLIO OF INVESTMENTS (Concluded)

September 30, 2007 (Unaudited)

	Principal Amount		Value (Note 1)
Wachovia Bank N.A.
4.87%, 10/2/08 (l)	$	498,432	$	498,432
Total Short-Term Investments of Cash Collateral for Securities Loaned				138,874,376
Time Deposit (0.9%)
JPMorgan Chase Nassau
4.43%, 10/1/07		3,994,599		3,994,599
Total Short-Term Investments (33.5%) (Amortized Cost $142,868,975)				142,868,975
Total Investments (132.9%) (Cost/Amortized Cost $534,753,852)				565,842,956
Other Assets Less Liabilities (-32.9%)				(140,167,756	)
Net Assets (100%)			$	425,675,200

* Non-income producing.

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

(l) Floating Rate Security. Rate disclosed is as of September 30, 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 nine months ended September 30, 2007 were as follows:

Cost of Purchases:
Stocks and long-term corporate debt securities	$	449,547,680
Net Proceeds of Sales and Redemptions:
Stocks and long-term corporate debt securities	$	330,363,954
As of September 30, 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	$	51,973,974
Aggregate gross unrealized depreciation		(20,884,870	)
Net unrealized appreciation	$	31,089,104
Federal income tax cost of investments	$	534,753,852

At September 30, 2007, the Portfolio had loaned securities with a total value of $134,485,529. This was secured by collateral of $138,874,376 which was received as cash and subsequently invested in short-term investments as reported in the portfolio of investments.

For the nine months ended September 30, 2007, the Portfolio incurred approximately $560 as brokerage commissions with Raymond James & Associates, Inc., and $7,358 as brokerage commissions with Sanford C. Bernstein & Co., Inc., affiliated broker/dealers.

The Portfolio has a net capital loss carryforward of $9,518,049 which expires in the year 2014.

See Notes to Portfolio of Investments.

82

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MULTIMANAGER SMALL CAP VALUE PORTFOLIO

PORTFOLIO OF INVESTMENTS

September 30, 2007 (Unaudited)

	Number of Shares	Value (Note 1)
COMMON STOCKS:
Consumer Discretionary (14.1%)
Auto Components (0.1%)
Gentex Corp.^	114,050	$	2,445,232
Automobiles (1.0%)
Monaco Coach Corp.^	323,800		4,542,914
Thor Industries, Inc.^	198,200		8,917,018
Winnebago Industries, Inc.^	215,500		5,146,140
			18,606,072
Distributors (0.2%)
Building Materials Holding Corp.^	434,100		4,592,778
Diversified Consumer Services (1.5%)
Bright Horizons Family Solutions, Inc.*	182,500		7,818,300
Matthews International Corp., Class A	289,900		12,697,620
Regis Corp	288,000		9,190,080
			29,706,000
Hotels, Restaurants & Leisure (1.8%)
Bally Technologies, Inc.*	324,000		11,479,320
Bob Evans Farms, Inc.^	51,900		1,566,342
Morton’s Restaurant Group, Inc.*^	305,425		4,856,257
Rare Hospitality International, Inc.*	156,700		5,971,837
Red Robin Gourmet Burgers, Inc.*	243,889		10,462,838
			34,336,594
Household Durables (1.8%)
Bassett Furniture Industries, Inc	19,600		203,448
Ethan Allen Interiors, Inc.^	445,600		14,566,664
Hooker Furniture Corp.^	246,400		4,932,928
La-Z-Boy, Inc.^	337,600		2,491,488
M.D.C. Holdings, Inc.^	118,300		4,843,202
M/I Homes, Inc.^	285,700		3,968,373
Russ Berrie & Co., Inc.*^	33,300		559,440
Sealy Corp.^	163,900		2,301,156
			33,866,699
Leisure Equipment & Products (0.6%)
Brunswick Corp	201,800		4,613,148
Polaris Industries, Inc	146,108		6,373,231
			10,986,379
Media (0.9%)
Entercom Communications Corp., Class A^	237,800		4,596,674
Entravision Communications Corp., Class A*	735,000		6,776,700
Lions Gate Entertainment Corp.*^	503,700		5,193,147
			16,566,521
Multiline Retail (0.3%)
Fred’s, Inc., Class A^	199,500		2,100,735
Tuesday Morning Corp.^	388,700		3,494,413
			5,595,148
Specialty Retail (4.8%)
Aeropostale, Inc.*	287,300		5,475,938
Brown Shoe Co., Inc	918,264		17,814,322
Charming Shoppes, Inc.*^	673,300		5,655,720
Christopher & Banks Corp.^	324,500		3,932,940
Dress Barn, Inc.*^	103,306		1,757,235
Group 1 Automotive, Inc.^	72,600		2,437,182
Guitar Center, Inc.*	153,500		9,102,550
HOT Topic, Inc.*	286,200		2,135,052
Men’s Wearhouse, Inc	73,700		3,723,324
Pacific Sunwear of California, Inc.*	560,000		8,288,000
Pier 1 Imports, Inc.*^	34,800		164,604
Stein Mart, Inc.^	1,178,800		8,970,668
TravelCenters of America LLC*	494,400		16,117,440
West Marine, Inc.*^	335,300		3,872,715
Zale Corp.*^	84,100		1,946,074
			91,393,764
Textiles, Apparel & Luxury Goods (1.1%)
Carter’s, Inc.*^	524,700		10,467,765
Timberland Co., Class A*^	135,100		2,561,496
Warnaco Group, Inc.*	201,700		7,880,419
			20,909,680
Total Consumer Discretionary			269,004,867
Consumer Staples (1.5%)
Food & Staples Retailing (0.6%)
Casey’s General Stores, Inc.^	242,800		6,725,560
Pantry, Inc.*^	157,104		4,026,576
			10,752,136
Household Products (0.4%)
Central Garden & Pet Co., Class A*	802,500		7,206,450
Personal Products (0.3%)
Prestige Brands Holdings, Inc.*^	481,700		5,289,066
Tobacco (0.2%)
Universal Corp.^	101,000		4,943,950
Total Consumer Staples			28,191,602
Energy (6.4%)
Energy Equipment & Services (3.0%)
Atwood Oceanics, Inc.*	49,500		3,789,720
Bristow Group, Inc.*^	100,000		4,371,000
CARBO Ceramics, Inc	146,400		7,426,872
Complete Production Services, Inc.*	618,500		12,666,880
Global Industries Ltd.*	78,400		2,019,584
Hercules Offshore, Inc.*	186,800		4,877,348
Oil States International, Inc.*	125,000		6,037,500
Rowan Cos., Inc	59,000		2,158,220
Tidewater, Inc	27,600		1,734,384
Unit Corp.*	60,800		2,942,720
W-H Energy Services, Inc.*	136,400		10,059,500
			58,083,728
Oil, Gas & Consumable Fuels (3.4%)
Brigham Exploration Co.*^	1,034,500		6,134,585
Forest Oil Corp.*^	185,500		7,983,920
Foundation Coal Holdings, Inc	256,800		10,066,560
General Maritime Corp.^	17,100		477,261
Goodrich Petroleum Corp.*	180,500		5,721,850
Helix Energy Solutions Group, Inc.*^	127,700		5,422,142
Overseas Shipholding Group, Inc.	72,600		5,577,858
Teekay Corp.^	39,346		2,313,938
TXCO Resources Inc.*^	1,428,174		12,796,439
VENOCO, Inc.*	456,700		7,832,405
			64,326,958
Total Energy			122,410,686
Financials (18.5%)
Capital Markets (1.5%)
Apollo Investment Corp.^	265,800		5,528,640
Knight Capital Group, Inc., Class A*	289,798		3,465,984
Penson Worldwide, Inc.*^	293,200		5,418,336
Waddell & Reed Financial, Inc	539,000		14,569,170
			28,982,130
Commercial Banks (5.7%)
AMCORE Financial, Inc.^	221,500		5,519,780
Bank of the Ozarks, Inc.^	406,900		12,422,657
Chemical Financial Corp.^	187,300		4,542,025
First Community Bancorp, Inc./California^	319,701		17,490,842
First Indiana Corp	91,800		2,875,176

83

AXA PREMIER VIP TRUST

MULTIMANAGER SMALL CAP VALUE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2007 (Unaudited)

	Number of Shares	Value (Note 1)
Intervest Bancshares Corp	231,919	$	5,739,995
Macatawa Bank Corp.^	393,581		5,325,151
Peoples Bancorp, Inc./Ohio^	88,500		2,316,930
Prosperity Bancshares, Inc	494,200		16,387,672
Provident Bankshares Corp.^	196,800		6,165,744
Texas Capital Bancshares, Inc.*	446,200		9,700,388
United Bankshares, Inc.^	76,469		2,327,717
Wintrust Financial Corp.^	422,325		18,029,054
			108,843,131
Consumer Finance (0.4%)
Dollar Financial Corp.*^	138,850		3,961,390
United PanAm Financial Corp.*^	529,861		4,366,055
			8,327,445
Diversified Financial Services (0.7%)
Duff & Phelps Corp., Class A*	168,200		3,086,470
Genesis Lease Ltd. (ADR)	385,700		9,596,216
			12,682,686
Insurance (4.2%)
American National Insurance Co.	21,000		2,762,550
Arthur J. Gallagher & Co.^	137,500		3,983,375
Aspen Insurance Holdings Ltd	361,000		10,075,510
Castlepoint Holdings Ltd	519,347		5,972,490
Erie Indemnity Co., Class A	22,100		1,350,973
IPC Holdings Ltd.^	225,700		6,511,445
Max Capital Group Ltd	408,800		11,462,752
Montpelier Reinsurance Holdings Ltd.^	358,200		6,340,140
National Financial Partners Corp.	104,900		5,557,602
Navigators Group, Inc.*^	101,890		5,527,533
Protective Life Corp	126,700		5,377,148
RLI Corp	70,900		4,021,448
Security Capital Assurance Ltd.^	160,700		3,670,388
StanCorp Financial Group, Inc	67,200		3,327,072
Tower Group, Inc	184,969		4,842,488
			80,782,914
Real Estate Investment Trusts (REITs) (4.4%)
Arbor Realty Trust, Inc. (REIT) .	124,700		2,355,583
Corporate Office Properties Trust/Maryland (REIT)^	398,200		16,577,066
Cousins Properties, Inc. (REIT)^	557,400		16,365,264
Digital Realty Trust, Inc. (REIT)	176,000		6,932,640
Extra Space Storage, Inc. (REIT)^	364,200		5,605,038
JER Investors Trust, Inc. (REIT)^	378,000		4,706,100
LaSalle Hotel Properties (REIT)^	63,300		2,663,664
MFA Mortgage Investments, Inc. (REIT)	1,874,400		15,088,920
Newcastle Investment Corp. (REIT)^	212,800		3,749,536
Sunstone Hotel Investors, Inc. (REIT)^	177,100		4,540,844
Washington Real Estate Investment Trust (REIT)^	139,100		4,615,338
			83,199,993
Thrifts & Mortgage Finance (1.6%)
BankUnited Financial Corp., Class A^	474,800		7,378,392
Brookline Bancorp, Inc.^	529,400		6,135,746
Corus Bankshares, Inc.^	186,200		2,424,324
NewAlliance Bancshares, Inc.^	333,100		4,889,908
PMI Group, Inc.^	81,200		2,655,240
Trustco Bank Corp./New York^	615,000		6,721,950
			30,205,560
Total Financials			353,023,859
Health Care (4.2%)
Biotechnology (0.4%)
Angiotech Pharmaceuticals, Inc.*	1,209,900		7,586,073
Health Care Equipment & Supplies (1.9%)
American Medical Systems Holdings, Inc.*	433,000		7,339,350
HealthTronics, Inc.*^	1,001,500		5,107,650
STERIS Corp	163,600		4,471,188
Symmetry Medical, Inc.*^	917,900		15,328,930
West Pharmaceutical Services, Inc.^	94,400		3,932,704
			36,179,822
Health Care Providers & Services (1.3%)
Five Star Quality Care, Inc.*^‡	1,653,900		13,595,058
Magellan Health Services, Inc.*	162,000		6,573,960
PSS World Medical, Inc.*	267,400		5,115,362
			25,284,380
Life Sciences Tools & Services (0.6%)
PharmaNet Development Group, Inc.*	349,300		10,140,179
Total Health Care			79,190,454
Industrials (18.9%)
Aerospace & Defense (0.6%)
AAR Corp.*^	180,235		5,468,330
Applied Signal Technology, Inc.^	444,015		6,003,083
			11,471,413
Air Freight & Logistics (0.3%)
ABX Air, Inc.*^	820,190		5,806,945
Airlines (0.5%)
Alaska Air Group, Inc.*^	225,200		5,199,868
SkyWest, Inc	202,400		5,094,408
			10,294,276
Building Products (2.5%)
American Woodmark Corp.^	130,600		3,237,574
Apogee Enterprises, Inc.^	291,500		7,561,510
Builders FirstSource, Inc.*^	435,200		4,691,456
Gibraltar Industries, Inc.^	414,000		7,659,000
Insteel Industries, Inc.^	568,100		8,720,335
NCI Building Systems, Inc.*^	123,100		5,319,151
Simpson Manufacturing Co., Inc.^	71,200		2,267,720
Universal Forest Products, Inc.^	240,600		7,193,940
			46,650,686
Commercial Services & Supplies (4.3%)
ABM Industries, Inc	176,600		3,528,468
Consolidated Graphics, Inc.*	158,900		9,977,331
G&K Services, Inc., Class A	424,700		17,072,940
Knoll, Inc	441,800		7,837,532
Korn/Ferry International*^	240,870		3,976,764
Labor Ready, Inc.*	424,800		7,863,048
Mine Safety Appliances Co.^	157,700		7,429,247
Navigant Consulting, Inc.*	788,400		9,981,144
Waste Connections, Inc.*	436,648		13,867,940
			81,534,414
Construction & Engineering (0.3%)
EMCOR Group, Inc.*	148,600		4,660,096
Electrical Equipment (2.5%)
A.O. Smith Corp.^	65,200		2,860,976
Baldor Electric Co	24,600		982,770
Brady Corp., Class A^	190,600		6,838,728
Franklin Electric Co., Inc.^	74,449		3,060,598
Genlyte Group, Inc.*^	51,700		3,322,242
Polypore International, Inc.*	893,600		12,564,016
Powell Industries, Inc.*^	71,900		2,724,291
Regal-Beloit Corp.^	310,400		14,865,056
			47,218,677

84

AXA PREMIER VIP TRUST

MULTIMANAGER SMALL CAP VALUE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2007 (Unaudited)

	Number of Shares	Value (Note 1)
Industrial Conglomerates (0.4%)
Carlisle Cos., Inc	91,600	$	4,451,760
Teleflex, Inc	49,400		3,849,248
			8,301,008
Machinery (4.7%)
Altra Holdings, Inc.*^	1,017,900		16,968,393
Astec Industries, Inc.*^	6,700		384,915
Briggs & Stratton Corp.^	148,700		3,744,266
CIRCOR International, Inc.^	107,100		4,863,411
Graco, Inc.^	151,700		5,932,987
Kennametal, Inc	221,800		18,626,764
Mueller Industries, Inc	241,500		8,727,810
Mueller Water Products, Inc., Class A^	263,770		3,268,110
Nordson Corp.^	65,400		3,283,734
Timken Co	43,100		1,601,165
Trimas Corp.*	616,600		8,182,282
Trinity Industries, Inc.^	100,200		3,761,508
Wabash National Corp.^	541,300		6,111,277
Watts Water Technologies, Inc., Class A^	135,800		4,169,060
			89,625,682
Road & Rail (1.1%)
AMERCO, Inc.*^	82,195		5,216,095
Dollar Thrifty Automotive Group, Inc.*^	215,500		7,475,695
Genesee & Wyoming, Inc., Class A*^	195,900		5,649,756
Kansas City Southern, Inc.*^	75,900		2,441,703
			20,783,249
Trading Companies & Distributors (1.7%)
Applied Industrial Technologies, Inc	55,800		1,720,314
Beacon Roofing Supply, Inc.*^	599,000		6,121,780
Houston Wire & Cable Co.^	706,600		12,796,526
Kaman Corp	147,330		5,091,725
Watsco, Inc	147,000		6,825,210
			32,555,555
Total Industrials			358,902,001
Information Technology (21.3%)
Communications Equipment (2.9%)
Adtran, Inc.^	164,200		3,781,526
Avocent Corp.*^	461,000		13,424,320
Comtech Telecommunications Corp.*	140,800		7,531,392
Dycom Industries, Inc.*	462,300		14,160,249
Foundry Networks, Inc.*^	283,470		5,037,262
Powerwave Technologies, Inc.*^	1,747,403		10,764,002
			54,698,751
Computers & Peripherals (0.7%)
Avid Technology, Inc.*^	188,100		5,093,748
Diebold, Inc	51,100		2,320,962
Electronics for Imaging, Inc.*^	222,700		5,981,722
			13,396,432
Electronic Equipment & Instruments (6.5%)
Benchmark Electronics, Inc.*^	922,450		22,018,882
Brightpoint, Inc.*^	1,214,500		18,229,645
Cognex Corp.^	271,800		4,827,168
Coherent, Inc.*	260,700		8,363,256
CPI International, Inc.*	666,779		12,675,469
FARO Technologies, Inc.*	85,100		3,757,165
Mettler-Toledo International, Inc.*	39,100		3,988,200
Plexus Corp.*^	973,500		26,673,900
Rofin-Sinar Technologies, Inc.*	92,300		6,480,383
Rogers Corp.*^	41,001		1,688,831
TTM Technologies, Inc.*^	1,307,916		15,132,588
			123,835,487
Internet Software & Services (1.2%)
Digital River, Inc.*^	70,200		3,141,450
United Online, Inc	783,900		11,766,339
ValueClick, Inc.*	237,900		5,343,234
Visual Sciences, Inc.*	249,500		3,602,780
			23,853,803
IT Services (4.2%)
BearingPoint, Inc.*^	825,700		3,344,085
Euronet Worldwide, Inc.*	364,600		10,854,142
infoUSA, Inc	527,000		4,895,830
Ness Technologies, Inc.*^	357,100		3,899,532
Perot Systems Corp., Class A*	595,800		10,074,978
SI International, Inc.*^	194,900		5,568,293
SRA International, Inc., Class A*	601,400		16,887,312
TNS, Inc	418,700		6,724,322
Wright Express Corp.*	476,005		17,369,422
			79,617,916
Semiconductors & Semiconductor Equipment (3.7%)
ChipMOS TECHNOLOGIES Bermuda Ltd.*^	639,800		3,832,402
Cohu, Inc	246,300		4,618,125
Cymer, Inc.*	120,100		4,610,639
FEI Co.*	413,100		12,983,733
Mattson Technology, Inc.*	1,065,800		9,219,170
Microsemi Corp.*^	469,700		13,095,236
OmniVision Technologies, Inc.*^	165,400		3,759,542
ON Semiconductor Corp.*	622,800		7,822,368
Semtech Corp.*	501,500		10,270,720
			70,211,935
Software (2.1%)
ACI Worldwide, Inc.*^	205,413		4,590,981
Fair Isaac Corp.^	111,300		4,019,043
Lawson Software, Inc.*^	537,400		5,379,374
MicroStrategy, Inc., Class A*^	58,200		4,617,588
Secure Computing Corp.*	2,110,300		20,533,219
			39,140,205
Total Information Technology			404,754,529
Materials (7.8%)
Chemicals (2.1%)
Airgas, Inc	106,900		5,519,247
Cabot Corp	115,800		4,114,374
Hercules, Inc	851,800		17,904,836
RPM International, Inc	264,200		6,327,590
Westlake Chemical Corp.^	233,600		5,917,088
			39,783,135
Construction Materials (0.5%)
Headwaters, Inc.*^	612,018		9,106,828
Containers & Packaging (0.8%)
AptarGroup, Inc	131,800		4,991,266
Bemis Co., Inc	88,600		2,579,146
Packaging Corp. of America	232,300		6,752,961
			14,323,373
Metals & Mining (3.9%)
A.M. Castle & Co.^	459,200		14,969,920
Century Aluminum Co.*^	109,600		5,770,440
Gerdau Ameristeel Corp.^	336,800		4,024,760
Quanex Corp.^	414,600		19,477,908
Reliance Steel & Aluminum Co.	86,900		4,913,326
RTI International Metals, Inc.*	96,200		7,624,812
Schnitzer Steel Industries, Inc., Class A	147,100		10,780,959
Steel Dynamics, Inc	153,000		7,145,100
			74,707,225

85

AXA PREMIER VIP TRUST

MULTIMANAGER SMALL CAP VALUE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2007 (Unaudited)

	Number of Shares		Value (Note 1)
Paper & Forest Products (0.5%)
Bowater, Inc		168,200	$	2,509,544
Glatfelter (P.H.) Co.^		324,300		4,812,612
Mercer International, Inc.*^		260,600		2,462,670
				9,784,826
Total Materials				147,705,387
Telecommunication Services (1.5%)
Diversified Telecommunication Services (1.1%)
NTELOS Holdings Corp		262,300		7,727,358
PAETEC Holding Corp.*		1,098,100		13,693,307
				21,420,665
Wireless Telecommunication Services (0.4%)
USA Mobility, Inc.*		426,900		7,201,803
Total Telecommunication Services				28,622,468
Utilities (2.0%)
Electric Utilities (0.7%)
El Paso Electric Co.*		294,900		6,821,037
IDACORP, Inc.^		189,500		6,204,230
Sierra Pacific Resources		66,400		1,044,472
				14,069,739
Gas Utilities (0.6%)
Atmos Energy Corp		90,800		2,571,456
Energen Corp		60,800		3,472,896
UGI Corp		223,200		5,798,736
				11,843,088
Multi-Utilities (0.7%)
CMS Energy Corp		409,900		6,894,518
Vectren Corp.^		229,000		6,249,410
				13,143,928
Total Utilities				39,056,755
Total Common Stocks (96.2%) (Cost $1,859,937,687)				1,830,862,608
	Principal Amount
SHORT-TERM INVESTMENTS:
Government Securities (1.0%)
Federal Home Loan Bank 4.00%, 10/1/07 (o)(p)	$	20,030,000		20,027,775
Short-Term Investments of Cash Collateral for Securities Loaned (9.9%)
Banco Bilbao Vizcaya Argentaria S.A.
5.28%, 10/1/07		3,097,117		3,097,117
Banco de Sabadell S.A.
5.40%, 4/23/09 (l)		2,019,859		2,019,859
Banesto S.A./Madrid
5.33%, 12/27/07		5,049,647		5,049,647
Barclays plc/Seoul
5.22%, 10/29/07		3,366,431		3,366,431
BBVA Senior Finance S.A.
5.75%, 3/12/10 (l)		1,481,229		1,481,229
Beta Finance, Inc.
4.87%, 1/31/08 (l)		269,314		269,314
4.87%, 3/10/08 (l)		673,222		673,222
BNP Paribas S.A.p
5.20%, 10/1/07		7,224,361		7,224,361
CIT Group Holdings, Inc.
5.38%, 6/18/08 (l)		3,231,774		3,231,774
Citigroup Funding, Inc.
4.86%, 3/16/09 (l)		2,019,859		2,019,859
Citigroup Global Markets, Inc.
5.40%, 10/5/07 (l)		1,576,702		1,576,702
Comerica Bank
5.78%, 3/16/09 (l)		673,226		673,226
Commerzbank AG/Frankfurt
5.20%, 10/1/07		491,499		491,499
Crown Point Capital Co. LLC, Series C
5.38%, 10/18/07		930,922		930,922
DekaBank Deutsche Girozentrale
5.38%, 10/28/08 (l)		1,750,544		1,750,544
Den Danske Bank/London
5.50%, 10/1/07		8,416,078		8,416,078
Deutsche Bank AG/London
4.84%, 10/18/07 (l)		4,039,717		4,039,717
Deutsche Bank AG/New York
5.35%, 1/22/08 (l)		673,286		673,286
Dexia Bank
5.13%, 10/1/07		3,366,431		3,366,431
Fenway Funding LLC
5.37%, 10/2/07		3,786,317		3,786,317
Fifth Third Bancorp
5.14%, 8/22/08 (l)		201,984		201,984
First Tennessee Bank
5.77%, 8/15/08 (l)		6,059,164		6,059,164
General Electric Capital Corp.
4.90%, 3/12/10 (l)		269,314		269,314
Glitnir banki hf
5.62%, 8/15/08 (l)		3,366,431		3,366,431
Goldman Sachs Group, Inc.
5.73%, 12/3/07 (l)		740,615		740,615
5.37%, 8/18/08 (l)		1,346,572		1,346,572
4.91%, 3/27/09 (l)		1,885,202		1,885,202
Hartford Life, Inc.
5.80%, 9/26/08 (l)		538,629		538,629
ING Bank N.V./United States
5.85%, 12/28/07 (l)		5,049,647		5,049,647
IXIS Corporate & Investment Bank
5.28%, 10/1/07		6,732,862		6,732,862
K2 (USA) LLC
4.87%, 5/29/09 (l)		2,691,851		2,691,851
4.87%, 6/18/09 (l)		3,364,666		3,364,666
Kommunalkredit Austria AG
5.83%, 7/8/08 (l)		4,039,591		4,039,591
Lehman Brothers Holdings, Inc.
5.50%, 12/28/07 (l)		235,650		235,650
5.60%, 8/21/09 (l)		1,683,193		1,683,193
Links Finance LLC
4.87%, 6/25/09 (l)		1,009,488		1,009,488
Mane Funding Corp.
5.25%, 10/1/07		6,729,917		6,729,917
Market Street Funding Corp.
5.30%, 10/1/07		6,729,889		6,729,889
MBIA Global Funding LLC
4.87%, 3/30/09 (l)		1,683,216		1,683,216
Monumental Global Funding II
4.86%, 4/25/08 (l)		807,943		807,943
4.93%, 5/26/10 (l)		3,164,445		3,164,445
Morgan Stanley
5.40%, 5/7/09 (l)		3,366,431		3,366,431
Morgan Stanley, Repurchase Agreement
5.15%, 10/1/07 (r)		33,226,715		33,226,715
5.35%, 10/1/07 (r)		4,713,004		4,713,004
Natexis Banques Populaires N.Y.
4.87%, 1/28/08 (l)		2,019,859		2,019,859
New York Life Insurance Co.
5.42%, 12/28/07 (l)		2,289,174		2,289,174
Pricoa Global Funding I
4.90%, 6/25/10 (l)		2,019,303		2,019,303
Rheingold Securitization Ltd.
5.35%, 10/25/07		4,982,251		4,982,251
5.35%, 1/7/08		1,642,212		1,642,212

86

AXA PREMIER VIP TRUST

MULTIMANAGER SMALL CAP VALUE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Concluded)

September 30, 2007 (Unaudited)

	Principal Amount		Value (Note 1)
Royal Bank of Scotland plc/London
5.30%, 10/1/07	$	6,732,862	$	6,732,862
Simba Funding Corp.
5.25%, 10/1/07		6,729,917		6,729,917
Three Pillars Funding Corp.
5.25%, 10/1/07		6,729,917		6,729,917
Wachovia Bank N.A.
4.87%, 10/2/08 (l)		673,286		673,286
Total Short-Term Investments of Cash Collateral for Securities Loaned				187,592,735
Time Deposit (2.9%)
JPMorgan Chase Nassau
4.43%, 10/1/07		54,450,534		54,450,534
Total Short-Term Investments (13.8%) (Cost/Amortized Cost $262,073,269)				262,071,044
Total Investments (110.0%) (Cost/Amortized Cost $2,122,010,956)				2,092,933,652
Other Assets Less Liabilities (-10.0%)				(190,878,689	)
Net Assets (100%)			$	1,902,054,963

* Non-income producing.

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

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

(l) Floating Rate Security. Rate disclosed is as of September 30, 2007.

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

Investments in companies which were affiliates for the nine months ended September 30, 2007, were as follows

Securities	Market Value December 31, 2006		Purchases at Cost		Sales at Cost		Market Value September 30, 2007		Divided Income		Realized Gain/(Loss)
Five Star Quality Care, Inc	$	18,440,985	$	—	$	—	$	13,595,058	$	—	$	—

Investment security transactions for the nine months ended September 30, 2007 were as follows:

Cost of Purchases:
Stocks and long-term corporate debt securities	$	1,499,618,642
Net Proceeds of Sales and Redemptions:
Stocks and long-term corporate debt securities	$	1,436,016,547
As of September 30, 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	$	144,890,584
Aggregate gross unrealized depreciation		(178,108,040	)
Net unrealized depreciation	$	(33,217,456	)
Federal income tax cost of investments	$	2,126,151,108

At September 30, 2007, the Portfolio had loaned securities with a total value of $180,984,617. This was secured by collateral of $187,592,735 which was received as cash and subsequently invested in short-term investments as reported in the portfolio of investments.

See Notes to Portfolio of Investments.

87

AXA PREMIER VIP TRUST

MULTIMANAGER TECHNOLOGY PORTFOLIO

PORTFOLIO OF INVESTMENTS

September 30, 2007 (Unaudited)

	Number of Shares	Value (Note 1)
COMMON STOCKS:
Consumer Discretionary (2.8%)
Hotels, Restaurants & Leisure (0.2%)
Ctrip.com International Ltd. (ADR)	15,752	$	815,954
Household Durables (1.1%)
Koninklijke Philips Electronics N.V. (N.Y. Shares)	96,210		4,323,677
Sharp Corp	99,000		1,797,021
TomTom N.V.*	14,475		1,125,120
			7,245,818
Internet & Catalog Retail (0.4%)
Amazon.com, Inc.*	27,319		2,544,765
Media (0.9%)
Focus Media Holding Ltd. (ADR)*^	102,909		5,970,780
Specialty Retail (0.2%)
GameStop Corp., Class A*	23,375		1,317,181
Total Consumer Discretionary.			17,894,498
Energy (1.0%)
Energy Equipment & Services (1.0%)
Cameron International Corp.*	26,570		2,452,146
National Oilwell Varco, Inc.*	7,786		1,125,077
Schlumberger Ltd	12,319		1,293,495
Tenaris S.A. (ADR)^	4,065		213,900
Weatherford International Ltd.*	17,378		1,167,454
Total Energy			6,252,072
Health Care (0.7%)
Health Care Technology (0.7%)
Cerner Corp.*^	72,536		4,338,378
Total Health Care			4,338,378
Industrials (3.7%)
Commercial Services & Supplies (1.4%)
Capita Group plc	54,427		806,229
Manpower, Inc	45,600		2,934,360
Monster Worldwide, Inc.*	57,400		1,955,044
Robert Half International, Inc	121,200		3,619,032
			9,314,665
Electrical Equipment (2.2%)
ABB Ltd. (Registered)	173,273		4,563,066
First Solar, Inc.*	20,667		2,433,333
Q-Cells AG*	9,185		939,080
Renewable Energy Corp. A/S*	44,269		2,040,500
SunPower Corp., Class A*^	33,804		2,799,647
Suntech Power Holdings Co., Ltd. (ADR)*^	37,832		1,509,497
			14,285,123
Industrial Conglomerates (0.1%)
Orkla ASA	36,673		655,063
Total Industrials			24,254,851
Information Technology (83.3%)
Communications Equipment (17.8%)
Ciena Corp.*^	24,154		919,784
Cisco Systems, Inc.*	766,280		25,371,531
Comverse Technology, Inc.*	53,100		1,051,380
Corning, Inc	843,379		20,789,292
Foundry Networks, Inc.*^	309,868		5,506,355
JDS Uniphase Corp.*^	191,900		2,870,824
Juniper Networks, Inc.*	59,577		2,181,114
Nice Systems Ltd. (ADR)*^	134,150		4,807,936
Nokia Oyj (ADR)	641,721		24,340,478
QUALCOMM, Inc	306,009		12,931,940
Research In Motion Ltd.*	72,995		7,193,657
Riverbed Technology, Inc.*^	113,039		4,565,645
Sonus Networks, Inc.*^	244,000		1,488,400
Telefonaktiebolaget LM Ericsson (Sponsored ADR)^	33,660		1,339,668
			115,358,004
Computers & Peripherals (14.4%)
Apple, Inc.*	154,303		23,691,683
EMC Corp.*	791,132		16,455,546
Hewlett-Packard Co	352,577		17,554,809
International Business Machines Corp	91,100		10,731,580
Lenovo Group Ltd	1,610,160		1,234,466
Network Appliance, Inc.*	92,231		2,481,936
SanDisk Corp.*	221,654		12,213,135
Seagate Technology	361,039		9,235,378
			93,598,533
Electronic Equipment & Instruments (3.6%)
Dolby Laboratories, Inc., Class A*	43,888		1,528,180
Hon Hai Precision Industry Co., Ltd	1,171,141		8,827,967
L-1 Identity Solutions, Inc.*^	585,244		11,031,849
Nidec Corp	25,050		1,751,199
			23,139,195
Internet Software & Services (10.5%)
Baidu.com (Sponsored ADR)*^	16,595		4,806,742
eBay, Inc.*	314,715		12,280,180
Equinix, Inc.*^	26,100		2,314,809
Google, Inc., Class A*	63,997		36,303,577
Mercadolibre, Inc.*^	36,000		1,318,680
SINA Corp.*^	80,300		3,842,355
Sohu.com, Inc.*^	16,700		629,757
Tencent Holdings Ltd	1,052,000		6,793,339
			68,289,439
IT Services (3.5%)
Accenture Ltd., Class A	78,900		3,175,725
Automatic Data Processing, Inc.	107,200		4,923,696
DST Systems, Inc.*^	56,500		4,848,265
Iron Mountain, Inc.*^	72,650		2,214,372
Paychex, Inc	39,000		1,599,000
Western Union Co	271,800		5,699,646
			22,460,704
Semiconductors & Semiconductor Equipment (20.7%)
Altera Corp	114,800		2,764,384
Applied Materials, Inc	499,895		10,347,826
Applied Micro Circuits Corp.*^	21,500		67,940
ASML Holding N.V.*	165,685		5,493,010
ASML Holding N.V. (N.Y. Shares)*^	232,069		7,625,787
Austriamicrosystems AG*	39,110		2,055,857
Broadcom Corp., Class A*	297,508		10,841,192
Chartered Semiconductor Manufacturing Ltd.*	2,839,549		2,083,547
Fairchild Semiconductor International, Inc.*^	169,300		3,162,524
Infineon Technologies AG*	208,046		3,586,657
Intel Corp	858,802		22,208,620
Intersil Corp., Class A	31,545		1,054,549
Lam Research Corp.*	145,700		7,759,982
Maxim Integrated Products, Inc.	178,800		5,247,780
MEMC Electronic Materials, Inc.*	26,588		1,564,970
NVIDIA Corp.*	252,178		9,138,931
ON Semiconductor Corp.*^	310,863		3,904,439
Samsung Electronics Co., Ltd. (GDR)^§	21,550		6,770,064
Semtech Corp.*^	85,300		1,746,944

88

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PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2007 (Unaudited)

	Number of Shares		Value (Note 1)
Silicon-On-Insulater Technologies*		85,533	$	1,605,069
Taiwan Semiconductor Manufacturing Co., Ltd. (ADR)		629,334		6,368,860
Texas Instruments, Inc		254,967		9,329,243
Trident Microsystems, Inc.*^		121,200		1,925,868
Varian Semiconductor Equipment Associates, Inc.*^		69,000		3,692,880
Veeco Instruments, Inc.*^		45,219		876,344
Xilinx, Inc		107,200		2,802,208
				134,025,475
Software (12.8%)
Activision, Inc.*^		320,074		6,910,398
Adobe Systems, Inc.*		115,938		5,061,853
Amdocs Ltd.*		237,805		8,843,968
Autodesk, Inc.*		88,721		4,433,388
BladeLogic, Inc.*		6,334		162,404
Citrix Systems, Inc.*		51,044		2,058,094
Electronic Arts, Inc.*		193,500		10,834,065
McAfee, Inc.*		113,271		3,949,760
Microsoft Corp		521,905		15,375,321
Nintendo Co., Ltd		20,290		10,563,200
Oracle Corp.*		279,896		6,059,748
Perfect World Co. Ltd. (ADR)*^		46,365		1,266,228
Red Hat, Inc.*^		145,300		2,887,111
Salesforce.com, Inc.*		57,518		2,951,824
Shanda Interactive Entertainment Ltd. (ADR)*^		30,256		1,125,826
THQ, Inc.*		16,754		418,515
VMware, Inc., Class A*^		323		27,455
				82,929,158
Total Information Technology				539,800,508
Materials (0.8%)
Chemicals (0.8%)
Monsanto Co		39,437		3,381,328
Wacker Chemie AG		8,964		2,097,945
Total Materials				5,479,273
Telecommunication Services (3.0%)
Diversified Telecommunication Services (0.3%)
Level 3 Communications, Inc.*^		379,162		1,763,103
Wireless Telecommunication Services (2.7%)
China Mobile Ltd. (ADR)^		128,632		10,552,969
NII Holdings, Inc.*		84,563		6,946,851
				17,499,820
Total Telecommunication Services				19,262,923
Total Common Stocks (95.3%) (Cost $503,487,766)				617,282,503
	Number of Warrants
WARRANTS:
Financials (0.0%)
Diversified Financial Services (0.0%)
Macquarie Bank Ltd., expiring 4/9/12*		4,000		72,000
Information Technology (0.8%)
Computers & Peripherals (0.1%)
Asustek Computer, Inc., expiring 1/19/17*§		135,600		409,919
Electronic Equipment & Instruments (0.4%)
Hon Hai Precision Industry Co., Ltd., expiring 11/17/10*§		332,654		2,507,546
Semiconductors & Semiconductor Equipment (0.3%)
MediaTek, Inc., expiring 4/9/12*§		100,957		1,817,226
RichTek Technology Corp., expiring 7/31/12*§		43,204		513,652
				2,330,878
Total Information Technology				5,248,343
Telecommunication Services (0.4%)
Wireless Telecommunication Services (0.4%)
Bharti Airtel Ltd., expiring 11/18/11*§		114,013		2,697,548
Total Warrants (1.2%) (Cost $ 6,423,415 )				8,017,891
	Number of Shares
INVESTMENT COMPANY:
Exchange Traded Fund (1.1%)
iShares Goldman Sachs Technology Index Fund^ (Cost $ 6,828,651 )		117,700		7,067,885
	Principal Amount
SHORT-TERM INVESTMENTS:
Short-Term Investments of Cash Collateral for Securities Loaned (13.2%)
Banco Bilbao Vizcaya Argentaria S.A.
5.28%, 10/1/07	$	1,404,093		1,404,093
Banco de Sabadell S.A.
5.40%, 4/23/09 (l)		915,713		915,713
Banesto S.A./Madrid
5.33%, 12/27/07		2,289,282		2,289,282
Barclays plc/Seoul
5.22%, 10/29/07		1,526,188		1,526,188
BBVA Senior Finance S.A.
5.75%, 3/12/10 (l)		671,523		671,523
Beta Finance, Inc.
4.87%, 1/31/08 (l)		122,095		122,095
4.87%, 3/10/08 (l)		305,208		305,208
BNP Paribas S.A.
5.20%, 10/1/07		3,275,199		3,275,199
CIT Group Holdings, Inc.
5.38%, 6/18/08 (l)		1,465,140		1,465,140
Citigroup Funding, Inc.
4.86%, 3/16/09 (l)		915,713		915,713
Citigroup Global Markets, Inc.
5.40%, 10/5/07 (l)		714,805		714,805
Comerica Bank
5.78%, 3/16/09 (l)		305,210		305,210
Commerzbank AG/Frankfurt
5.20%, 10/1/07		222,823		222,823
Crown Point Capital Co. LLC, Series C
5.38%, 10/18/07		422,038		422,038
DekaBank Deutsche Girozentrale
5.38%, 10/28/08 (l)		793,618		793,618
Den Danske Bank/London
5.50%, 10/1/07		3,815,470		3,815,470
Deutsche Bank AG/London
4.84%, 10/18/07 (l)		1,831,425		1,831,425
Deutsche Bank AG/New York
5.35%, 1/22/08 (l)		305,238		305,238
Dexia Bank
5.13%, 10/1/07		1,526,188		1,526,188
Fenway Funding LLC
5.37%, 10/2/07		1,716,545		1,716,545

89

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MULTIMANAGER TECHNOLOGY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2007 (Unaudited)

	Principal Amount		Value (Note 1)
Fifth Third Bancorp
5.14%, 8/22/08 (l)	$	91,570	$	91,570
First Tennessee Bank
5.77%, 8/15/08 (l)		2,746,951		2,746,951
General Electric Capital Corp.
4.90%, 3/12/10 (l)		122,095		122,095
Glitnir banki hf
5.62%, 8/15/08 (l)		1,526,188		1,526,188
Goldman Sachs Group, Inc.
5.73%, 12/3/07 (l)		335,761		335,761
5.37%, 8/18/08 (l)		610,475		610,475
4.91%, 3/27/09 (l)		854,665		854,665
Hartford Life, Inc.
5.80%, 9/26/08 (l)		244,190		244,190
ING Bank N.V./United States
5.85%, 12/28/07 (l)		2,289,282		2,289,282
IXIS Corporate & Investment Bank
5.28%, 10/1/07		3,052,376		3,052,376
K2 (USA) LLC
4.87%, 5/29/09 (l)		1,220,364		1,220,364
4.87%, 6/18/09 (l)		1,525,388		1,525,388
Kommunalkredit Austria AG
5.83%, 7/8/08 (l)		1,831,368		1,831,368
Lehman Brothers Holdings, Inc.
5.50%, 12/28/07 (l)		106,833		106,833
5.60%, 8/21/09 (l)		763,084		763,084
Links Finance LLC
4.87%, 6/25/09 (l)		457,656		457,656
Mane Funding Corp.
5.25%, 10/1/07		3,051,040		3,051,040
Market Street Funding Corp.
5.30%, 10/1/07		3,051,028		3,051,028
MBIA Global Funding LLC
4.87%, 3/30/09 (l)		763,094		763,094
Monumental Global Funding II
4.86%, 4/25/08 (l)		366,285		366,285
4.93%, 5/26/10 (l)		1,434,617		1,434,617
Morgan Stanley
5.40%, 5/7/09 (l)		1,526,188		1,526,188
Morgan Stanley, Repurchase Agreement
5.15%, 10/1/07 (r)		15,063,491		15,063,491
5.35%, 10/1/07 (r)		2,136,663		2,136,663
Natexis Banques Populaires N.Y.
4.87%, 1/28/08 (l)		915,713		915,713
New York Life Insurance Co.
5.42%, 12/28/07 (l)		1,037,808		1,037,808
Pricoa Global Funding I
4.90%, 6/25/10 (l)		915,461		915,461
Rheingold Securitization Ltd.
5.35%, 10/25/07		2,258,728		2,258,728
5.35%, 1/7/08		744,505		744,505
Royal Bank of Scotland plc/London
5.30%, 10/1/07		3,052,376		3,052,376
Simba Funding Corp.
5.25%, 10/1/07		3,051,040		3,051,040
Three Pillars Funding Corp.
5.25%, 10/1/07		3,051,040		3,051,040
Wachovia Bank N.A.
4.87%, 10/2/08 (l)		305,238		305,238
Total Short-Term Investments of Cash Collateral for Securities Loaned				85,046,075
Time Deposit (3.7%)
JPMorgan Chase Nassau
4.43%, 10/1/07		24,138,344		24,138,344
Total Short-Term Investments (16.9%) (Amortized Cost $109,184,419)				109,184,419
Total Investments (114.5%) (Cost/Amortized Cost $625,924,251)				741,552,698
Other Assets Less Liabilities (-14.5%)				(93,770,253	)
Net Assets (100%)			$	647,782,445

* Non-income producing.

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

§ Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may only be resold to qualified institutional buyers. At September 30, 2007, the market value of these securities amounted to $14,715,955 or 2.27% of net assets. Securities denoted with “§” but without “(b)” have been determined to be liquid under the guidelines established by the Board of Trustees. To the extent any securities might provide a right to demand registration, such rights have not been relied upon when determining liquidity.

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

GDR — Global Depositary Receipt

90

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MULTIMANAGER TECHNOLOGY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Concluded)

September 30, 2007 (Unaudited)

Investment security transactions for the nine months ended September 30, 2007 were as follows:

Cost of Purchases:
Stocks and long-term corporate debt securities	$	550,706,164
Net Proceeds of Sales and Redemptions:
Stocks and long-term corporate debt securities	$	559,913,267

As of September 30, 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	$	112,009,083
Aggregate gross unrealized depreciation		(6,791,279	)
Net unrealized appreciation	$	105,217,804
Federal income tax cost of investments	$	636,334,894

At September 30, 2007, the Portfolio had loaned securities with a total value of $83,251,431. This was secured by collateral of $85,046,075 which was received as cash and subsequently invested in short-term investments as reported in the portfolio of investments.

For the nine months ended September 30, 2007, the Portfolio incurred approximately $1,231 as brokerage commissions with BNP Paribas, and $1,150 as brokerage commissions with Sanford C. 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 limitation on pursuant to applicable U.S. Federal Income Tax Law. Therefore, it is possible not all of these capital losses will be available for use.

See Notes to Portfolio of Investments.

91

AXA PREMIER VIP TRUST

TARGET 2015 ALLOCATION PORTFOLIO

PORTFOLIO OF INVESTMENTS

September 30, 2007 (Unaudited)

	Number of Shares		Value (Note 1)
INVESTMENT COMPANIES:
EQ/Bond Index Portfolio‡		243,767	$	2,525,058
EQ/Equity 500 Index Portfolio‡		97,616		2,754,362
EQ/International ETF Portfolio‡		137,893		1,713,958
EQ/Small Company Index Portfolio‡		52,931		704,812
EQ/Van Kampen Emerging Markets Equity Portfolio‡		25,087		534,483
Multimanager Aggressive Equity Portfolio‡		27,087		896,901
Multimanager High Yield Portfolio‡		99,353		578,517
Multimanager Large Cap Value Portfolio‡		27,077		374,776
Multimanager Mid Cap Growth Portfolio‡		5,206		53,456
Multimanager Mid Cap Value Portfolio‡		24,431		260,908
Total Investment Companies (97.3%) (Cost $9,887,835)				10,397,231
	Principal Amount
SHORT-TERM INVESTMENT:
Time Deposit (1.5%)
JPMorgan Chase Nassau 4.43%, 10/1/07 (Amortized Cost $155,708 )	$	155,708		155,708
Total Investments (98.8%) (Cost/Amortized Cost $10,043,543 )				10,552,939
Other Assets Less Liabilities (1.2%)				128,608
Net Assets (100%)			$	10,681,547

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

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

Investments in companies which were affiliates for the nine months ended September 30, 2007, were as follows:

Securities	Market Value December 31, 2006		Purchases at Cost		Sales at Cost		Market Value September 30, 2007		Dividend Income		Realized Gain/(Loss)
EQ/Bond Index Portfolio	$	590,446	$	2,016,770	$	140,543	$	2,525,058	$	823	$	(1,722	)
EQ/Equity 500 Index Portfolio		729,443		2,125,726		225,520		2,754,362		—		26,911
EQ/International ETF Portfolio		406,244		1,273,457		79,946		1,713,958		3,283		12,730
EQ/Small Company Index Portfolio		213,442		526,504		34,760		704,812		—		4,769
EQ/Van Kampen Emerging Markets Equity Portfolio		123,549		337,392		19,377		534,483		—		13,909
Multimanager Aggressive Equity Portfolio		210,032		677,071		65,548		896,901		—		13,559
Multimanager High Yield Portfolio		124,304		475,415		30,669		578,517		89		(23	)
Multimanager Large Cap Value Portfolio		82,198		314,896		32,623		374,776		—		7,017
Multimanager Mid Cap Growth Portfolio		12,640		39,871		2,630		53,456		—		766
Multimanager Mid Cap Value Portfolio		36,329		240,505		15,994		260,908		—		2,965
	$	2,528,627	$	8,027,607	$	647,610	$	10,397,231	$	4,195	$	80,881

92

AXA PREMIER VIP TRUST

TARGET 2015 ALLOCATION PORTFOLIO

PORTFOLIO OF INVESTMENTS (Concluded)

September 30, 2007 (Unaudited)

Investment security transactions for the nine months ended September 30, 2007 were as follows:

Cost of Purchases:
Investment Companies	$	8,027,607
Net Proceeds of Sales and Redemptions:
Investment Companies	$	711,693

As of September 30, 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	$	511,192
Aggregate gross unrealized depreciation		(1,827	)
Net unrealized appreciation	$	509,365
Federal income tax cost of investments	$	10,043,574

See Notes to Portfolio of Investments.

93

AXA PREMIER VIP TRUST

TARGET 2025 ALLOCATION PORTFOLIO

PORTFOLIO OF INVESTMENTS

September 30, 2007 (Unaudited)

	Number of Shares		Value (Note 1)
INVESTMENT COMPANIES:
EQ/Bond Index Portfolio‡		214,077	$	2,217,518
EQ/Equity 500 Index Portfolio‡		165,649		4,673,989
EQ/International ETF Portfolio‡		219,627		2,729,876
EQ/Small Company Index Portfolio‡		86,102		1,146,503
EQ/Van Kampen Emerging Markets Equity Portfolio‡		38,203		813,927
Multimanager Aggressive Equity Portfolio‡		38,254		1,266,688
Multimanager High Yield Portfolio‡		71,047		413,695
Multimanager Large Cap Value Portfolio‡		38,832		537,476
Multimanager Mid Cap Growth Portfolio‡		10,651		109,363
Multimanager Mid Cap Value Portfolio‡		34,921		372,924
Total Investment Companies (99.2%) (Cost $13,625,780)				14,281,959
	Principal Amount
SHORT-TERM INVESTMENT:
Time Deposit (0.7%)
JPMorgan Chase Nassau 4.43%, 10/1/07 (Amortized Cost $97,586 )	$	97,586		97,586
Total Investments (99.9%) (Cost/Amortized Cost $13,723,366 )				14,379,545
Other Assets Less Liabilities (0.1%)				10,714
Net Assets (100%)			$	14,390,259

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

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

Investments in companies which were affiliates for the nine months ended September 30, 2007, were as follows:

Securities	Market Value December 31, 2006		Purchases at Cost		Sales at Cost		Market Value September 30, 2007		Dividend Income		Realized Gain/(Loss)
EQ/Bond Index Portfolio	$	419,954	$	1,893,149	$	147,449	$	2,217,518	$	754	$	(932	)
EQ/Equity 500 Index Portfolio		929,557		3,834,174		266,595		4,673,989		—		25,658
EQ/International ETF Portfolio		500,546		2,230,143		150,266		2,729,876		5,477		22,426
EQ/Small Company Index Portfolio		248,595		974,672		66,426		1,146,503		—		7,471
EQ/Van Kampen Emerging Markets Equity Portfolio		146,131		575,712		35,796		813,927		—		23,714
Multimanager Aggressive Equity Portfolio		223,593		1,008,604		66,934		1,266,688		—		12,274
Multimanager High Yield Portfolio		79,148		357,404		28,632		413,695		65		(277	)
Multimanager Large Cap Value Portfolio		87,490		471,712		32,433		537,476		—		7,334
Multimanager Mid Cap Growth Portfolio		20,164		89,378		6,254		109,363		—		1,695
Multimanager Mid Cap Value Portfolio		43,284		355,087		22,502		372,924		—		4,031
	$	2,698,462	$	11,790,035	$	823,287	$	14,281,959	$	6,296	$	103,394

94

AXA PREMIER VIP TRUST

TARGET 2025 ALLOCATION PORTFOLIO

PORTFOLIO OF INVESTMENTS (Concluded)

September 30, 2007 (Unaudited)

Investment security transactions for the nine months ended September 30, 2007 were as follows:

Cost of Purchases:
Investment Companies	$	11,790,035
Net Proceeds of Sales and Redemptions:
Investment Companies	$	899,975

As of September 30, 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	$	670,161
Aggregate gross unrealized depreciation		(13,982	)
Net unrealized appreciation	$	656,179
Federal income tax cost of investments	$	13,723,366

See Notes to Portfolio of Investments.

95

AXA PREMIER VIP TRUST

TARGET 2035 ALLOCATION PORTFOLIO

PORTFOLIO OF INVESTMENTS

September 30, 2007 (Unaudited)

	Number of Shares		Value (Note 1)
INVESTMENT COMPANIES:
EQ/Bond Index Portfolio‡		50,711	$	525,289
EQ/Equity 500 Index Portfolio‡		107,426		3,031,160
EQ/International ETF Portfolio‡		141,830		1,762,884
EQ/Small Company Index Portfolio‡		53,280		709,450
EQ/Van Kampen Emerging Markets Equity Portfolio‡		24,776		527,859
Multimanager Aggressive Equity Portfolio‡		21,273		704,397
Multimanager High Yield Portfolio‡		28,493		165,912
Multimanager Large Cap Value Portfolio‡		21,677		300,029
Multimanager Mid Cap Growth Portfolio‡		7,916		81,280
Multimanager Mid Cap Value Portfolio‡		17,731		189,355
Total Investment Companies (99.7%) (Cost $7,515,607)				7,997,615
	Principal Amount
SHORT-TERM INVESTMENT:
Time Deposit (0.2%)
JPMorgan Chase Nassau 4.43%, 10/1/07 (Amortized Cost $12,386 )	$	12,386		12,386
Total Investments (99.9%) (Cost/Amortized Cost $7,527,993 )				8,010,001
Other Assets Less Liabilities (0.1%)				7,764
Net Assets (100%)			$	8,017,765

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

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

Investments in companies which were affiliates for the nine months ended September 30, 2007, were as follows:

Securities	Market Value December 31, 2006		Purchases at Cost		Sales at Cost		Market Value September 30, 2007		Dividend Income		Realized Gain/(Loss)
EQ/Bond Index Portfolio	$	117,488	$	411,958	$	15,961	$	525,289	$	167	$	(270	)
EQ/Equity 500 Index Portfolio		707,530		2,267,265		79,891		3,031,160		—		8,427
EQ/International ETF Portfolio		380,353		1,315,040		45,340		1,762,884		3,358		8,155
EQ/Small Company Index Portfolio		182,456		548,635		20,021		709,450		—		4,136
EQ/Van Kampen Emerging Markets Equity Portfolio		105,791		343,274		10,110		527,859		—		11,680
Multimanager Aggressive Equity Portfolio		145,217		514,138		16,985		704,397		—		3,148
Multimanager High Yield Portfolio		34,364		134,236		5,212		165,912		24		5
Multimanager Large Cap Value Portfolio		59,069		240,492		8,170		300,029		—		3,088
Multimanager Mid Cap Growth Portfolio		17,628		60,716		2,166		81,280		—		1,044
Multimanager Mid Cap Value Portfolio		25,507		170,316		6,352		189,355		—		2,236
	$	1,175,403	$	6,006,070	$	210,208	$	7,997,615	$	3,549	$	41,649

96

AXA PREMIER VIP TRUST

TARGET 2035 ALLOCATION PORTFOLIO

PORTFOLIO OF INVESTMENTS (Concluded)

September 30, 2007 (Unaudited)

Investment security transactions for the nine months ended September 30, 2007 were as follows:

Cost of Purchases:
Investment Companies	$	6,006,070
Net Proceeds of Sales and Redemptions:
Investment Companies	$	236,167

As of September 30, 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	$	482,862
Aggregate gross unrealized depreciation		(854	)
Net unrealized appreciation	$	482,008
Federal income tax cost of investments	$	7,527,993

See Notes to Portfolio of Investments.

97

AXA PREMIER VIP TRUST

TARGET 2045 ALLOCATION PORTFOLIO

PORTFOLIO OF INVESTMENTS

September 30, 2007 (Unaudited)

	Number of Shares		Value (Note 1)
INVESTMENT COMPANIES:
EQ/Equity 500 Index Portfolio‡		82,947	$	2,340,468
EQ/International ETF Portfolio‡		108,649		1,350,460
EQ/Small Company Index Portfolio‡		40,270		536,215
EQ/Van Kampen Emerging Markets Equity Portfolio‡		19,180		408,636
Multimanager Aggressive Equity Portfolio‡		14,542		481,519
Multimanager Large Cap Value Portfolio‡		14,913		206,418
Multimanager Mid Cap Growth Portfolio‡		6,801		69,834
Multimanager Mid Cap Value Portfolio‡		11,879		126,857
Total Investment Companies (99.5%) (Cost $5,204,596)				5,520,407
	Principal Amount
SHORT-TERM INVESTMENT:
Time Deposit (0.4%)
JPMorgan Chase Nassau 4.43%, 10/1/07 (Amortized Cost $19,780 )	$	19,780		19,780
Total Investments (99.9%) (Cost/Amortized Cost $5,224,376 )				5,540,187
Other Assets Less Liabilities (0.1%)				5,577
Net Assets (100%)			$	5,545,764

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

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

Investments in companies which were affiliates for the nine months ended September 30, 2007, were as follows:

Securities	Market Value December 31, 2006		Purchases at Cost		Sales at Cost		Market Value September 30, 2007		Dividend Income		Realized Gain
EQ/Equity 500 Index Portfolio	$	699,297	$	1,749,316	$	194,848	$	2,340,468	$	—	$	23,455
EQ/International ETF Portfolio		379,540		999,779		104,224		1,350,460		2,709		19,010
EQ/Small Company Index Portfolio		178,057		405,734		43,919		536,215		—		5,221
EQ/Van Kampen Emerging Markets Equity Portfolio		107,285		262,807		23,974		408,636		—		15,332
Multimanager Aggressive Equity Portfolio		129,883		351,972		36,333		481,519		—		8,134
Multimanager Large Cap Value Portfolio		55,855		163,888		17,658		206,418		—		3,851
Multimanager Mid Cap Growth Portfolio		19,654		51,805		5,679		69,834		—		1,380
Multimanager Mid Cap Value Portfolio		25,254		113,004		10,995		126,857		—		1,889
	$	1,594,825	$	4,098,305	$	437,630	$	5,520,407	$	2,709	$	78,272

98

AXA PREMIER VIP TRUST

TARGET 2045 ALLOCATION PORTFOLIO

PORTFOLIO OF INVESTMENTS (Concluded)

September 30, 2007 (Unaudited)

Investment security transactions for the nine months ended September 30, 2007 were as follows:

Cost of Purchases:
Investment Companies	$	4,098,305
Net Proceeds of Sales and Redemptions:
Investment Companies	$	503,455
As of September 30, 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	$	318,626
Aggregate gross unrealized depreciation		(2,845	)
Net unrealized appreciation	$	315,781
Federal income tax cost of investments	$	5,224,406

See Notes to Portfolio of Investments.

99

AXA PREMIER VIP TRUST

NOTES TO PORTFOLIO OF INVESTMENTS

September 30, 2007 (Unaudited)

Note 1 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.

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.

100

AXA PREMIER VIP TRUST

NOTES TO PORTFOLIO OF INVESTMENTS — (Continued)

September 30, 2007 (Unaudited)

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.

Foreign Currency Valuation:

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

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

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

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

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

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. The securities loaned are marked to market on a daily basis. JPMorgan will indemnify each Portfolio from any loss resulting from a borrower’s failure to return a loaned security when due. JPMorgan invests the cash collateral on behalf of the Portfolios and retains a portion of the interest earned. The net amount of interest earned, after the interest rebate, is included in the Statements of Operations as securities lending income. At September 30, 2007, the cash collateral received by each Portfolio for securities loaned was invested by JPMorgan and is summarized in the Portfolio of Investments. The Portfolios bear the risk of any loss in market value of the collateral. Each Portfolio has an individual interest equal to the amount of cash collateral contributed.

101

AXA PREMIER VIP TRUST

NOTES TO PORTFOLIO OF INVESTMENTS — (Continued)

September 30, 2007 (Unaudited)

Repurchase Agreements:

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

Options Written:

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

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.

102

AXA PREMIER VIP TRUST

NOTES TO PORTFOLIO OF INVESTMENTS — (Continued)

September 30, 2007 (Unaudited)

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

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

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

103

AXA PREMIER VIP TRUST

NOTES TO PORTFOLIO OF INVESTMENTS — (Concluded)

September 30, 2007 (Unaudited)

Swaps:

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

Dollar Roll Transactions:

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

104

Item 2. Controls and Disclosures.

(a) The registrant’s certifying officers have evaluated the registrant’s disclosure controls and procedures as of a date within 90 days prior to the filing date of this report and have determined such controls and procedures to be reasonably designed to achieve the purposes described in Rule 30a-3(c) under the Investment Company Act of 1940.

(b) The registrant’s certifying officers are not aware of any changes in the registrant’s internal control over financial reporting that occurred during the registrant’s last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.

Item 3. Exhibits.

Certifications required by Item 3 are filed herewith.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

AXA Premier VIP Trust
By:	/s/ Steven M. Joenk
	Steven M. Joenk
	President and Chairman

November 29, 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

November 29, 2007

By:	/s/ Brian E. Walsh
	Brian E. Walsh
	Chief Financial Officer

November 29, 2007