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 C. AMOROSI, ESQ.

K&L Gates LLP

1601 K. Street, N.W.

Washington, D.C. 20036-1800

Telephone: (202) 778-9351

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

Date of fiscal year end: December 31

Date of reporting period: January 1, 2009 – March 31, 2009

Item 1. Schedule of Investments.

The following are schedules of investments of the registrant as of March 31, 2009. The schedules have not been audited.

AXA PREMIER VIP TRUST

AXA CONSERVATIVE ALLOCATION PORTFOLIO

PORTFOLIO OF INVESTMENTS

March 31, 2009 (Unaudited)

	Number of Shares		Value (Note 1)
INVESTMENT COMPANIES:
EQ/AllianceBernstein International Portfolio‡		432,035	$	2,438,725
EQ/BlackRock Basic Value Equity Portfolio‡		2,718,281		23,485,544
EQ/BlackRock International Value Portfolio‡		586,667		4,356,070
EQ/Boston Advisors Equity Income Portfolio‡		4,372,773		15,180,391
EQ/Core Bond Index Portfolio‡		32,160,468		295,947,373
EQ/Evergreen International Bond Portfolio‡		11,475,133		105,685,292
EQ/Intermediate Government Bond Index Portfolio‡		10,703,000		104,636,725
EQ/International Core PLUS Portfolio‡		3,010,732		18,071,717
EQ/International ETF Portfolio‡		3,253,748		16,929,634
EQ/International Growth Portfolio‡		785,092		2,929,065
EQ/Large Cap Core PLUS Portfolio‡		11,347,562		57,928,949
EQ/Large Cap Growth Index Portfolio‡		9,405,855		51,098,371
EQ/Large Cap Growth PLUS Portfolio‡		2,793,021		29,977,077
EQ/Large Cap Value Index Portfolio‡		3,685,785		13,061,567
EQ/Large Cap Value PLUS Portfolio‡		2,730,182		17,777,241
EQ/Money Market Portfolio‡		64,529,896		64,532,367
EQ/PIMCO Real Return Portfolio‡		14,327,789		140,355,813
EQ/Quality Bond PLUS Portfolio‡		32,285,436		283,031,397
EQ/Van Kampen Emerging Markets Equity Portfolio‡		780,935		5,754,698
Multimanager Core Bond Portfolio‡		29,685,173		293,111,126
Multimanager High Yield Portfolio‡		22,848,701		82,257,849
Multimanager International Equity Portfolio‡		1,302,229		9,292,023
Multimanager Large Cap Core Equity Portfolio‡		3,186,831		20,342,789
Multimanager Large Cap Value Portfolio‡		3,564,190		22,321,998
Multimanager Mid Cap Value Portfolio‡		2,490,071		13,242,631
Total Investment Companies (99.7%) (Cost $1,763,835,366)				1,693,746,432
	Principal Amount		Value (Note 1)
SHORT-TERM INVESTMENT:
Time Deposit (0.2%)
JPMorgan Chase Nassau 0.004%, 4/1/09 (Amortized Cost $3,519,306)	$	3,519,306		3,519,306
Total Investments (99.9%) (Cost/Amortized Cost $1,767,354,672)				1,697,265,738
Other Assets Less Liabilities (0.1%)				1,565,390
Net Assets (100%)			$	1,698,831,128

‡ 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 (Multimanager) and Class IA shares for EQ Advisors Trust Portfolios.

1

AXA PREMIER VIP TRUST

AXA CONSERVATIVE ALLOCATION PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

Investments in companies which were affiliates for the three months ended March 31, 2009, were as follows:

Securities	Market Value December 31, 2008		Purchases at Cost		Sales at Cost		Market Value March 31, 2009		Dividend Income		Realized Gain/(Loss)
EQ/AllianceBernstein International Portfolio	$	—	$	2,293,468	$	34,942	$	2,438,725	$	—	$	5,348
EQ/BlackRock Basic Value Equity Portfolio		40,859,007		6,734,777		35,333,517		23,485,544		—		(16,582,188	)
EQ/BlackRock International Value Portfolio		8,851,457		2,233,769		10,575,107		4,356,070		—		(5,278,094	)
EQ/Boston Advisors Equity Income Portfolio		11,639,215		6,065,122		805,873		15,180,391		—		(125,498	)
EQ/Core Bond Index Portfolio(a)		—		295,388,862		1,712,088		295,947,373		—		2,973
EQ/Davis New York Venture Portfolio		18,776,904		2,544,747		26,958,181		—		—		(9,060,922	)
EQ/Evergreen International Bond Portfolio		97,180,719		13,620,166		2,117,736		105,685,292		—		(193,768	)
EQ/Intermediate Government Bond Index Portfolio(b)		—		104,625,615		687,669		104,636,725		—		(109	)
EQ/International Core PLUS Portfolio		20,370,684		5,200,973		10,952,235		18,071,717		—		(5,769,302	)
EQ/International ETF Portfolio		—		16,550,406		108,025		16,929,634		—		12,847
EQ/International Growth Portfolio		—		2,793,468		35,851		2,929,065		—		4,439
EQ/Large Cap Core PLUS Portfolio		34,200,344		26,099,626		1,139,466		57,928,949		—		(328,085	)
EQ/Large Cap Growth Index Portfolio		—		47,655,113		210,761		51,098,371		—		30,984
EQ/Large Cap Growth PLUS Portfolio		61,611,302		12,441,221		51,611,238		29,977,077		—		(12,844,847	)
EQ/Large Cap Value Index Portfolio		—		12,117,141		117,348		13,061,567		—		23,670
EQ/Large Cap Value PLUS Portfolio		4,262,971		13,213,876		324,186		17,777,241		—		(163,022	)
EQ/Long Term Bond Portfolio		149,643,370		13,996,109		162,036,786		—		—		(12,080,714	)
EQ/Marsico Focus Portfolio		663,549		—		938,610		—		—		(404,310	)
EQ/Money Market Portfolio		324,912,338		44,176,636		304,556,454		64,532,367		170,623		(2,013	)
EQ/PIMCO Real Return Portfolio		112,339,812		24,005,377		3,459,336		140,355,813		—		(289,647	)
EQ/Quality Bond PLUS Portfolio		23,778,958		260,198,486		3,342,136		283,031,397		—		(455,863	)
EQ/Short Duration Bond Portfolio		223,898,353		22,902,724		264,244,617		—		—		(16,119,639	)
EQ/Van Kampen Emerging Markets Equity Portfolio		4,486,170		1,550,539		570,612		5,754,698		—		(312,071	)
Multimanager Core Bond Portfolio		168,735,569		127,629,218		4,494,758		293,111,126		1,345,700		(44,641	)
Multimanager High Yield Portfolio		67,910,279		15,753,528		3,258,928		82,257,849		—		(1,178,820	)
Multimanager International Equity Portfolio		20,480,545		4,434,070		24,164,591		9,292,023		—		(11,750,857	)
Multimanager Large Cap Core Equity Portfolio		24,393,123		8,868,141		17,955,118		20,342,789		—		(7,447,648	)
Multimanager Large Cap Value Portfolio		28,019,420		6,701,309		17,724,355		22,321,998		—		(9,333,316	)
Multimanager Mid Cap Value Portfolio		12,105,333		2,250,504		529,273		13,242,631		—		(232,115	)
	$	1,459,119,422	$	1,102,044,991	$	949,999,797	$	1,693,746,432	$	1,516,323	$	(109,917,228	)

(a) formerly known as EQ/JPMorgan Core Bond Portfolio

(b) formerly known as EQ/AllianceBernstein Intermediate Government Securities Portfolio

2

AXA PREMIER VIP TRUST

AXA CONSERVATIVE ALLOCATION PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

Various inputs are used in determining the value of the Portfolio’s investments. These inputs are summarized in the three broad levels listed below:

• Level 1 - Quoted prices in active markets for identical securities

• Level 2 - Significant other observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)

• Level 3 - Significant unobservable inputs (including the Portfolio’s own assumptions in determining the fair value of investments)

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, money market securities are valued using amortized cost, in accordance with rules under the Investment Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active market, such securities are reflected as Level 2.

The following is a summary of the inputs used to value the Portfolio’s net assets as of March 31, 2009:

Description	Quoted Prices in Active Markets for Identical Securities (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Assets
Investments in Securities	$	—	$	1,697,265,738	$	—	$	1,697,265,738
Other Investments*		—		—		—		—
Total	$	—	$	1,697,265,738	$	—	$	1,697,265,738
Liabilities
Investments in Securities	$	—	$	—	$	—	$	—
Other Investments*		—		—		—		—
Total	$	—	$	—	$	—	$	—

* Other investments are derivative instruments, such as futures, forwards and written options, which are valued at the unrealized appreciation/depreciation on the instrument.

Investment security transactions for the three months ended March 31, 2009 were as follows:

Cost of Purchases:
Investment Companies	$	1,102,044,991
Net Proceeds of Sales and Redemptions:
Investment Companies	$	840,082,569
As of March 31, 2009, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investments for Federal income tax purposes was as follows:
Aggregate gross unrealized appreciation	$	8,525,348
Aggregate gross unrealized depreciation		(78,582,195	)
Net unrealized depreciation	$	(70,056,847	)
Federal income tax cost of investments	$	1,767,322,585

See Notes to Portfolio of Investments.

3

AXA PREMIER VIP TRUST

AXA CONSERVATIVE-PLUS ALLOCATION PORTFOLIO

PORTFOLIO OF INVESTMENTS

March 31, 2009 (Unaudited)

	Number of Shares		Value (Note 1)
INVESTMENT COMPANIES:
EQ/AllianceBernstein International Portfolio‡		940,004	$	5,306,081
EQ/BlackRock Basic Value Equity Portfolio‡		4,434,520		38,313,591
EQ/BlackRock International Value Portfolio‡		969,681		7,199,986
EQ/Boston Advisors Equity Income Portfolio‡		8,213,498		28,513,739
EQ/Core Bond Index Portfolio‡		18,906,658		173,983,029
EQ/Evergreen International Bond Portfolio‡		7,801,792		71,854,043
EQ/Franklin Small Cap Value Portfolio‡		1,388,194		7,405,848
EQ/GAMCO Small Company Value Portfolio‡		321,248		6,073,682
EQ/Intermediate Government Bond Index Portfolio‡		7,080,514		69,221,885
EQ/International Core PLUS Portfolio‡		6,428,600		38,587,244
EQ/International ETF Portfolio‡		8,398,557		43,698,680
EQ/International Growth Portfolio‡		1,689,388		6,302,866
EQ/Large Cap Core PLUS Portfolio‡		16,146,066		82,425,164
EQ/Large Cap Growth Index Portfolio‡		14,294,607		77,657,063
EQ/Large Cap Growth PLUS Portfolio‡		4,108,619		44,097,202
EQ/Large Cap Value Index Portfolio‡		5,675,796		20,113,704
EQ/Large Cap Value PLUS Portfolio‡		4,209,597		27,410,273
EQ/Mid Cap Index Portfolio‡		2,575,128		11,716,019
EQ/Money Market Portfolio‡		37,269,808		37,271,236
EQ/PIMCO Real Return Portfolio‡		9,980,363		97,768,188
EQ/Quality Bond PLUS Portfolio‡		21,067,638		184,690,176
EQ/Small Company Index Portfolio‡		3,788,477		21,571,242
EQ/Van Kampen Emerging Markets Equity Portfolio‡		1,461,107		10,766,872
Multimanager Core Bond Portfolio‡		20,399,411		201,423,593
Multimanager High Yield Portfolio‡		16,476,096		59,315,769
Multimanager International Equity Portfolio‡		2,579,021		18,402,536
Multimanager Large Cap Core Equity Portfolio‡		3,002,529		19,166,318
Multimanager Large Cap Value Portfolio‡		5,444,114		34,095,685
Multimanager Mid Cap Growth Portfolio‡		1,200,303		5,799,331
Multimanager Mid Cap Value Portfolio‡		694,442		3,693,163
Multimanager Small Cap Value Portfolio‡		698,894		3,987,305
Total Investment Companies (99.8%) (Cost $1,590,142,891)				1,457,831,513
	Principal Amount		Value (Note 1)
SHORT-TERM INVESTMENT:
Time Deposit (0.1%)
JPMorgan Chase Nassau 0.004%, 4/1/09 (Amortized Cost $1,809,205)	$	1,809,205		1,809,205
Total Investments (99.9%) (Cost/Amortized Cost $1,591,952,096)				1,459,640,718
Other Assets Less Liabilities (0.1%)				757,822
Net Assets (100%)			$	1,460,398,540

‡ 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 (Multimanager) and Class IA shares for EQ Advisors Trust Portfolios.

4

AXA PREMIER VIP TRUST

AXA CONSERVATIVE-PLUS ALLOCATION PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

Investments in companies which were affiliates for the three months ended March 31, 2009, were as follows:

Securities	Market Value December 31, 2008		Purchases at Cost		Sales at Cost		Market Value March 31, 2009		Dividend Income		Realized Gain/(Loss)
EQ/AllianceBernstein International Portfolio	$	—	$	4,943,205	$	45,201	$	5,306,081	$	—	$	9,026
EQ/BlackRock Basic Value Equity Portfolio		75,998,116		5,269,113		65,314,334		38,313,591		—		(32,695,782	)
EQ/BlackRock International Value Portfolio		19,393,056		1,879,086		24,260,368		7,199,986		—		(13,523,559	)
EQ/Boston Advisors Equity Income Portfolio		30,238,802		4,070,081		196,282		28,513,739		—		(21,994	)
EQ/Core Bond Index Portfolio(a)		—		173,254,837		540,522		173,983,029		—		1,749
EQ/Davis New York Venture Portfolio		31,729,579		2,072,716		48,934,677		—		—		(21,004,816	)
EQ/Evergreen International Bond Portfolio		70,700,872		3,971,230		321,955		71,854,043		—		(27,454	)
EQ/Franklin Small Cap Value Portfolio		16,769,110		1,309,374		16,468,448		7,405,848		—		(9,592,348	)
EQ/GAMCO Small Company Value Portfolio		18,044,360		1,555,929		19,513,256		6,073,682		—		(8,915,358	)
EQ/Intermediate Government Bond Index Portfolio(b)		—		69,094,587		325,191		69,221,885		—		171
EQ/International Core PLUS Portfolio		52,062,000		4,366,183		25,364,109		38,587,244		—		(14,046,227	)
EQ/International ETF Portfolio		—		42,624,516		174,034		43,698,680		—		29,318
EQ/International Growth Portfolio		—		5,993,205		46,698		6,302,866		—		7,529
EQ/Large Cap Core PLUS Portfolio		52,046,186		33,752,645		479,903		82,425,164		—		(132,972	)
EQ/Large Cap Growth Index Portfolio		—		72,355,106		227,121		77,657,063		—		44,015
EQ/Large Cap Growth PLUS Portfolio		97,018,349		8,207,642		71,726,377		44,097,202		—		(19,248,360	)
EQ/Large Cap Value Index Portfolio		—		18,584,709		97,283		20,113,704		—		24,728
EQ/Large Cap Value PLUS Portfolio		5,555,727		21,099,612		335,046		27,410,273		—		(172,365	)
EQ/Long Term Bond Portfolio		99,625,819		5,329,842		104,513,647		—		—		(8,700,318	)
EQ/Marsico Focus Portfolio		1,128,994		—		1,590,842		—		—		(681,758	)
EQ/Mid Cap Index Portfolio		—		10,674,904		32,698		11,716,019		—		7,973
EQ/Money Market Portfolio		244,267,280		9,000,293		215,996,136		37,271,236		124,333		(1,432	)
EQ/PIMCO Real Return Portfolio		86,219,885		6,836,533		371,356		97,768,188		—		(2,858	)
EQ/Quality Bond PLUS Portfolio		25,554,566		158,570,325		726,040		184,690,176		—		(95,392	)
EQ/Short Duration Bond Portfolio		131,249,720		7,698,660		150,313,315		—		—		(10,513,143	)
EQ/Small Company Index Portfolio		5,410,226		15,476,361		112,390		21,571,242		—		(29,252	)
EQ/Van Kampen Emerging Markets Equity Portfolio		9,926,338		1,216,024		123,253		10,766,872		—		(34,723	)
Multimanager Core Bond Portfolio		123,328,080		77,986,476		669,350		201,423,593		949,664		(18,932	)
Multimanager High Yield Portfolio		53,994,342		5,127,400		448,861		59,315,769		—		(172,487	)
Multimanager International Equity Portfolio		55,123,733		3,320,111		69,015,775		18,402,536		—		(38,081,740	)
Multimanager Large Cap Core Equity Portfolio		31,337,217		2,903,604		21,939,143		19,166,318		—		(10,451,589	)
Multimanager Large Cap Value Portfolio		52,137,724		3,863,012		29,257,810		34,095,685		—		(15,504,575	)
Multimanager Mid Cap Growth Portfolio		6,110,173		38,301		27,840		5,799,331		—		(14,284	)

5

AXA PREMIER VIP TRUST

AXA CONSERVATIVE-PLUS ALLOCATION PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

Investments in companies which were affiliates for the three months ended March 31, 2009, were as follows:

Securities	Market Value December 31, 2008		Purchases at Cost		Sales at Cost		Market Value March 31, 2009		Dividend Income		Realized Gain/(Loss)
Multimanager Mid Cap Value Portfolio	$	13,250,094	$	531,409	$	17,063,573	$	3,693,163	$	—	$	(8,886,422	)
Multimanager Small Cap Value Portfolio		4,809,099		38,301		30,303		3,987,305		—		(16,747	)
	$	1,413,029,447	$	783,015,332	$	886,603,137	$	1,457,831,513	$	1,073,997	$	(212,462,378	)

(a) formerly known as EQ/JPMorgan Core Bond Portfolio

(b) formerly known as EQ/AllianceBernstein Intermediate Government Securities Portfolio

Various inputs are used in determining the value of the Portfolio’s investments. These inputs are summarized in the three broad levels listed below:

• Level 1 - Quoted prices in active markets for identical securities

• Level 2 - Significant other observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)

• Level 3 - Significant unobservable inputs (including the Portfolio’s own assumptions in determining the fair value of investments)

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, money market securities are valued using amortized cost, in accordance with rules under the Investment Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active market, such securities are reflected as Level 2.

The following is a summary of the inputs used to value the Portfolio’s net assets as of March 31, 2009:

Description	Quoted Prices in Active Markets for Identical Securities (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Assets
Investments in Securities	$	—	$	1,459,640,718	$	—	$	1,459,640,718
Other Investments*		—		—		—		—
Total	$	—	$	1,459,640,718	$	—	$	1,459,640,718
Liabilities
Investments in Securities	$	—	$	—	$	—	$	—
Other Investments*		—		—		—		—
Total	$	—	$	—	$	—	$	—

* Other investments are derivative instruments, such as futures, forwards and written options, which are valued at the unrealized appreciation/depreciation on the instrument.

Investment security transactions for the three months ended March 31, 2009 were as follows:

Cost of Purchases:
Investment Companies	$	783,015,332
Net Proceeds of Sales and Redemptions:
Investment Companies	$	674,140,759
As of March 31, 2009, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investments for Federal income tax purposes was as follows:
Aggregate gross unrealized appreciation	$	12,785,557
Aggregate gross unrealized depreciation		(145,013,617	)
Net unrealized depreciation	$	(132,228,060	)
Federal income tax cost of investments	$	1,591,868,778

See Notes to Portfolio of Investments.

6

AXA PREMIER VIP TRUST

AXA MODERATE ALLOCATION PORTFOLIO

PORTFOLIO OF INVESTMENTS

March 31, 2009 (Unaudited)

	Number of Shares		Value (Note 1)
INVESTMENT COMPANIES:
EQ/AllianceBernstein International Portfolio‡		6,779,293	$	38,267,371
EQ/AllianceBernstein Small Cap Growth Portfolio‡		6,369,056		52,670,821
EQ/BlackRock Basic Value Equity Portfolio‡		32,210,508		278,293,995
EQ/BlackRock International Value Portfolio‡		6,423,167		47,692,734
EQ/Boston Advisors Equity Income Portfolio‡		31,006,362		107,640,781
EQ/Core Bond Index Portfolio‡		84,353,315		776,236,907
EQ/Evergreen International Bond Portfolio‡		33,940,025		312,585,613
EQ/Franklin Small Cap Value Portfolio‡		9,773,413		52,139,973
EQ/GAMCO Small Company Value Portfolio‡		2,203,974		41,669,522
EQ/Intermediate Government Bond Index Portfolio‡		40,604,926		396,969,683
EQ/International Core PLUS Portfolio‡		45,294,467		271,877,019
EQ/International ETF Portfolio‡		65,838,715		342,566,570
EQ/International Growth Portfolio‡		12,323,043		45,975,532
EQ/Large Cap Core PLUS Portfolio‡		106,789,251		545,155,797
EQ/Large Cap Growth Index Portfolio‡		93,437,190		507,608,081
EQ/Large Cap Growth PLUS Portfolio‡		28,359,437		304,377,648
EQ/Large Cap Value Index Portfolio‡		25,903,630		91,796,446
EQ/Large Cap Value PLUS Portfolio‡		45,248,571		294,630,505
EQ/Mid Cap Index Portfolio‡		19,803,634		90,100,293
EQ/Money Market Portfolio‡		52,366,999		52,369,005
EQ/PIMCO Real Return Portfolio‡		47,886,676		469,100,512
EQ/Quality Bond PLUS Portfolio‡		102,515,648		898,706,988
EQ/Small Company Index Portfolio‡		33,891,537		192,975,304
EQ/Van Kampen Emerging Markets Equity Portfolio‡		11,293,361		83,220,553
Multimanager Core Bond Portfolio‡		98,222,877		969,851,776
Multimanager High Yield Portfolio‡		87,390,257		314,614,591
Multimanager International Equity Portfolio‡		19,203,661		137,027,195
Multimanager Large Cap Core Equity Portfolio‡		16,812,321		107,319,611
Multimanager Large Cap Value Portfolio‡		30,278,693		189,631,013
Multimanager Mid Cap Growth Portfolio‡		7,046,377		34,044,960
Multimanager Mid Cap Value Portfolio‡		5,278,580		28,072,410
Multimanager Small Cap Growth Portfolio*‡		9,686,459		44,785,021
Multimanager Small Cap Value Portfolio‡		4,826,150		27,533,972
Total Investment Companies (99.9%) (Cost $9,435,571,586)				8,147,508,202
	Principal Amount		Value (Note 1)
SHORT-TERM INVESTMENT:
Time Deposit (0.1%)
JPMorgan Chase Nassau 0.004%, 4/1/09 (Amortized Cost $11,695,247)	$	11,695,247		11,695,247
Total Investments (100.0%) (Cost/Amortized Cost $9,447,266,833)				8,159,203,449
Other Assets Less Liabilities (0.0%)				657,768
Net Assets (100%)			$	8,159,861,217

* 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 (Multimanager) and Class IA shares for EQ Advisors Trust Portfolios.

7

AXA PREMIER VIP TRUST

AXA MODERATE ALLOCATION PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

Investments in companies which were affiliates for the three months ended March 31, 2009, were as follows:

Securities	Market Value December 31, 2008		Purchases at Cost		Sales at Cost		Market Value March 31, 2009		Dividend Income		Realized Loss
EQ/AllianceBernstein International Portfolio	$	—	$	35,357,091	$	—	$	38,267,371	$	—	$	—
EQ/AllianceBernstein Small Cap Growth Portfolio		—		47,937,818		—		52,670,821		—		—
EQ/BlackRock Basic Value Equity Portfolio		605,833,588		8,420,219		478,676,541		278,293,995		—		(225,434,917	)
EQ/BlackRock International Value Portfolio		145,585,817		5,200,982		176,103,381		47,692,734		—		(98,172,162	)
EQ/Boston Advisors Equity Income Portfolio		120,902,663		11,336,329		2,066,271		107,640,781		—		(532,630	)
EQ/Core Bond Index Portfolio(a)		—		774,041,113		3,662,237		776,236,907		—		(12,269	)
EQ/Davis New York Venture Portfolio		193,527,295		6,022,986		303,474,218		—		—		(139,404,923	)
EQ/Evergreen International Bond Portfolio		317,625,681		7,248,971		845,541		312,585,613		—		(110,853	)
EQ/Franklin Small Cap Value Portfolio		89,598,930		3,513,746		54,770,299		52,139,973		—		(32,489,486	)
EQ/GAMCO Small Company Value Portfolio		142,571,633		4,406,449		154,531,405		41,669,522		—		(72,583,655	)
EQ/Intermediate Government Bond Index Portfolio(b)		—		394,877,342		553,861		396,969,683		—		(2,922	)
EQ/International Core PLUS Portfolio		390,055,706		15,086,961		193,182,414		271,877,019		—		(109,472,225	)
EQ/International ETF Portfolio		—		332,285,455		—		342,566,570		—		—
EQ/International Growth Portfolio		—		43,067,091		—		45,975,532		—		—
EQ/Large Cap Core PLUS Portfolio		397,715,402		178,189,270		4,242,926		545,155,797		—		(1,699,282	)
EQ/Large Cap Growth Index Portfolio		—		471,360,808		—		507,608,081		—		—
EQ/Large Cap Growth PLUS Portfolio		707,123,244		22,546,006		492,123,939		304,377,648		—		(129,662,656	)
EQ/Large Cap Value Index Portfolio		—		84,293,455		—		91,796,446		—		—
EQ/Large Cap Value PLUS Portfolio		77,178,623		211,527,637		—		294,630,505		—		—
EQ/Long Term Bond Portfolio		472,410,152		11,293,098		484,401,344		—		—		(43,223,141	)
EQ/Marsico Focus Portfolio		4,940,618		—		7,141,508		—		—		(3,163,246	)
EQ/Mid Cap Index Portfolio		—		81,777,818		—		90,100,293		—		—
EQ/Money Market Portfolio		429,254,234		14,664,772		391,549,732		52,369,005		217,108		(2,606	)
EQ/PIMCO Real Return Portfolio		431,945,718		14,137,190		1,696,939		469,100,512		—		(80,625	)
EQ/Quality Bond PLUS Portfolio		509,478,327		386,029,806		85,589		898,706,988		—		(12,120	)
EQ/Short Duration Bond Portfolio		667,755,504		15,057,464		734,949,703		—		—		(47,483,051	)
EQ/Small Company Index Portfolio		91,097,972		105,521,419		372,116		192,975,304		—		(151,709	)
EQ/Van Kampen Emerging Markets Equity Portfolio		81,350,047		5,185,019		952,277		83,220,553		—		(511,464	)
Multimanager Core Bond Portfolio		956,806,297		55,559,175		45,765,179		969,851,776		6,583,257		(2,240,496	)
Multimanager High Yield Portfolio		302,595,580		10,484,172		1,791,237		314,614,591		—		(615,736	)
Multimanager International Equity Portfolio		454,868,970		6,232,959		530,051,521		137,027,195		—		(281,503,365	)
Multimanager Large Cap Core Equity Portfolio		190,599,940		6,888,220		123,863,095		107,319,611		—		(55,781,469	)
Multimanager Large Cap Value Portfolio		304,198,513		10,959,057		156,969,872		189,631,013		—		(78,967,433	)

8

AXA PREMIER VIP TRUST

AXA MODERATE ALLOCATION PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

Investments in companies which were affiliates for the three months ended March 31, 2009, were as follows:

Securities	Market Value December 31, 2008		Purchases at Cost		Sales at Cost		Market Value March 31, 2009		Dividend Income		Realized Loss
Multimanager Mid Cap Growth Portfolio	$	51,671,766	$	655,261	$	29,024,678	$	34,044,960	$	—	$	(14,911,209	)
Multimanager Mid Cap Value Portfolio		110,235,380		655,261		147,305,192		28,072,410		—		(80,391,723	)
Multimanager Small Cap Growth Portfolio		101,941,417		7,125,662		89,050,658		44,785,021		—		(40,575,564	)
Multimanager Small Cap Value Portfolio		32,755,795		655,261		204,123		27,533,972		—		(130,654	)
	$	8,381,624,812	$	3,389,601,343	$	4,609,407,796	$	8,147,508,202	$	6,800,365	$	(1,459,323,591	)

(a) formerly known as EQ/JPMorgan Core Bond Portfolio

(b) formerly known as EQ/AllianceBernstein Intermediate Government Securities Portfolio

Various inputs are used in determining the value of the Portfolio’s investments. These inputs are summarized in the three broad levels listed below:

• Level 1 - Quoted prices in active markets for identical securities

• Level 2 - Significant other observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)

• Level 3 - Significant unobservable inputs (including the Portfolio’s own assumptions in determining the fair value of investments)

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, money market securities are valued using amortized cost, in accordance with rules under the Investment Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active market, such securities are reflected as Level 2.

The following is a summary of the inputs used to value the Portfolio’s net assets as of March 31, 2009:

Description	Quoted Prices in Active Markets for Identical Securities (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Assets
Investments in Securities	$	—	$	8,159,203,449	$	—	$	8,159,203,449
Other Investments*		—		—		—		—
Total	$	—	$	8,159,203,449	$	—	$	8,159,203,449
Liabilities
Investments in Securities	$	—	$	—	$	—	$	—
Other Investments*		—		—		—		—
Total	$	—	$	—	$	—	$	—

* Other investments are derivative instruments, such as futures, forwards and written options, which are valued at the unrealized appreciation/depreciation on the instrument.

Investment security transactions for the three months ended March 31, 2009 were as follows:

Cost of Purchases:
Investment Companies	$	3,389,601,343
Net Proceeds of Sales and Redemptions:
Investment Companies	$	3,150,084,205
As of March 31, 2009, 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	$	81,409,812
Aggregate gross unrealized depreciation		(1,368,836,371	)
Net unrealized depreciation	$	(1,287,426,559	)
Federal income tax cost of investments	$	9,446,630,008

See Notes to Portfolio of Investments.

9

AXA PREMIER VIP TRUST

AXA MODERATE-PLUS ALLOCATION PORTFOLIO

PORTFOLIO OF INVESTMENTS

March 31, 2009 (Unaudited)

	Number of Shares		Value (Note 1)
INVESTMENT COMPANIES:
EQ/AllianceBernstein International Portfolio‡		15,478,579	$	87,372,620
EQ/AllianceBernstein Small Cap Growth Portfolio‡		11,121,466		91,972,309
EQ/BlackRock Basic Value Equity Portfolio‡		47,382,640		409,378,954
EQ/BlackRock International Value Portfolio‡		14,865,377		110,377,085
EQ/Boston Advisors Equity Income Portfolio‡		38,895,879		135,029,796
EQ/Core Bond Index Portfolio‡		67,478,791		620,953,994
EQ/Franklin Small Cap Value Portfolio‡		11,534,394		61,534,591
EQ/GAMCO Small Company Value Portfolio‡		2,789,099		52,732,220
EQ/Intermediate Government Bond Index Portfolio‡		36,627,015		358,080,061
EQ/International Core PLUS Portfolio‡		68,695,500		412,340,157
EQ/International ETF Portfolio‡		99,686,616		518,681,176
EQ/International Growth Portfolio‡		28,202,259		105,218,640
EQ/Large Cap Core PLUS Portfolio‡		143,175,249		730,905,186
EQ/Large Cap Growth Index Portfolio‡		149,570,598		812,559,152
EQ/Large Cap Growth PLUS Portfolio‡		45,037,166		483,377,246
EQ/Large Cap Value Index Portfolio‡		36,195,133		128,267,141
EQ/Large Cap Value PLUS Portfolio‡		71,968,742		468,615,609
EQ/Mid Cap Index Portfolio‡		26,146,268		118,957,276
EQ/Money Market Portfolio‡		16,286,356		16,286,979
EQ/PIMCO Real Return Portfolio‡		31,909,423		312,586,458
EQ/Quality Bond PLUS Portfolio‡		69,146,154		606,172,156
EQ/Small Company Index Portfolio‡		35,092,330		199,812,507
EQ/Van Kampen Emerging Markets Equity Portfolio‡		15,741,452		115,998,449
Multimanager Core Bond Portfolio‡		70,698,305		698,074,405
Multimanager International Equity Portfolio‡		29,060,636		207,361,372
Multimanager Large Cap Core Equity Portfolio‡		32,681,426		208,618,303
Multimanager Large Cap Value Portfolio‡		53,640,036		335,939,672
Multimanager Mid Cap Growth Portfolio‡		7,897,661		38,157,983
Multimanager Mid Cap Value Portfolio‡		6,828,211		36,313,618
Multimanager Small Cap Growth Portfolio*‡		17,735,872		82,001,212
Multimanager Small Cap Value Portfolio‡		24,112,124		137,563,594
Total Investment Companies (100.0%) (Cost $10,445,963,419)				8,701,239,921
	Principal Amount		Value (Note 1)
SHORT-TERM INVESTMENT:
Time Deposit (0.0%)
JPMorgan Chase Nassau 0.004%, 4/1/09 (Amortized Cost $966,919)	$	966,919		966,919
Total Investments (100.0%) (Cost/Amortized Cost $10,446,930,338)				8,702,206,840
Other Assets Less Liabilities (0.0%)				(2,348,593	)
Net Assets (100%)			$	8,699,858,247

* 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 (Multimanager) and Class IA shares for EQ Advisors Trust Portfolios.

10

AXA PREMIER VIP TRUST

AXA MODERATE-PLUS ALLOCATION PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

Investments in companies which were affiliates for the three months ended March 31, 2009, were as follows:

Securities	Market Value December 31, 2008		Purchases at Cost		Sales at Cost		Market Value March 31, 2009		Dividend Income		Realized Loss
EQ/AllianceBernstein International Portfolio	$	—	$	81,674,773	$	—	$	87,372,620	$	—	$	—
EQ/AllianceBernstein Small Cap Growth Portfolio		—		83,082,727		—		91,972,309		—		—
EQ/BlackRock Basic Value Equity Portfolio		886,693,862		16,960,387		741,259,401		409,378,954		—		(368,493,480	)
EQ/BlackRock International Value Portfolio		338,163,647		9,344,216		425,524,667		110,377,085		—		(246,747,532	)
EQ/Boston Advisors Equity Income Portfolio		150,677,787		14,662,399		1,972,218		135,029,796		—		(544,210	)
EQ/Core Bond Index Portfolio(a)		—		617,524,528		1,310,558		620,953,994		—		(6,725	)
EQ/Davis New York Venture Portfolio		288,077,279		11,250,829		449,992,469		—		—		(203,443,225	)
EQ/Franklin Small Cap Value Portfolio		121,038,754		7,495,420		96,378,150		61,534,591		—		(56,095,190	)
EQ/GAMCO Small Company Value Portfolio		177,103,816		8,138,454		193,980,953		52,732,220		—		(90,755,906	)
EQ/Intermediate Government Bond Index Portfolio(b)		—		355,885,772		187,449		358,080,061		—		(1,187	)
EQ/International Core PLUS Portfolio		583,316,094		32,252,523		293,253,723		412,340,157		—		(164,677,708	)
EQ/International ETF Portfolio		—		503,439,090		—		518,681,176		—		—
EQ/International Growth Portfolio		—		99,324,774		—		105,218,640		—		—
EQ/Large Cap Core PLUS Portfolio		501,015,516		265,818,091		4,641,811		730,905,186		—		(1,909,970	)
EQ/Large Cap Growth Index Portfolio		—		754,570,915		—		812,559,152		—		—
EQ/Large Cap Growth PLUS Portfolio		1,076,012,558		36,685,472		733,758,596		483,377,246		—		(199,004,668	)
EQ/Large Cap Value Index Portfolio		—		118,326,818		—		128,267,141		—		—
EQ/Large Cap Value PLUS Portfolio		141,605,091		321,856,364		—		468,615,609		—		—
EQ/Long Term Bond Portfolio		407,810,733		8,182,421		413,561,931		—		—		(34,252,258	)
EQ/Marsico Focus Portfolio		6,319,320		—		8,941,350		—		—		(3,852,935	)
EQ/Mid Cap Index Portfolio		—		107,983,409		—		118,957,276		—		—
EQ/Money Market Portfolio		148,125,481		5,219,189		137,057,618		16,286,979		74,916		(920	)
EQ/PIMCO Real Return Portfolio		287,522,827		9,404,591		795,781		312,586,458		—		(50,733	)
EQ/Quality Bond PLUS Portfolio		108,234,615		494,869,778		791,687		606,172,156		—		(108,727	)
EQ/Short Duration Bond Portfolio		549,581,703		8,182,421		605,999,725		—		—		(44,451,613	)
EQ/Small Company Index Portfolio		54,028,068		140,038,273		431,916		199,812,507		—		(183,566	)
EQ/Van Kampen Emerging Markets Equity Portfolio		112,778,515		7,676,546		1,783,718		115,998,449		—		(1,287,020	)
Multimanager Core Bond Portfolio		1,043,262,253		34,388,283		392,500,644		698,074,405		6,664,145		(15,287,833	)
Multimanager International Equity Portfolio		689,982,411		7,274,432		812,762,069		207,361,372		—		(437,301,196	)
Multimanager Large Cap Core Equity Portfolio		371,141,914		12,338,398		250,418,551		208,618,303		—		(118,563,068	)
Multimanager Large Cap Value Portfolio		536,269,110		21,682,614		290,058,515		335,939,672		—		(152,115,897	)
Multimanager Mid Cap Growth Portfolio		62,071,676		1,567,432		42,041,604		38,157,983		—		(21,877,430	)
Multimanager Mid Cap Value Portfolio		141,972,124		924,398		191,361,477		36,313,618		—		(105,259,389	)

11

AXA PREMIER VIP TRUST

AXA MODERATE-PLUS ALLOCATION PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

Investments in companies which were affiliates for the three months ended March 31, 2009, were as follows:

Securities	Market Value December 31, 2008		Purchases at Cost		Sales at Cost		Market Value March 31, 2009		Dividend Income		Realized Loss
Multimanager Small Cap Growth Portfolio	$	190,520,694	$	9,565,205	$	163,606,641	$	82,001,212	$	—	$	(74,897,419	)
Multimanager Small Cap Value Portfolio		165,815,596		1,065,080		187,591		137,563,594		—		(125,504	)
	$	9,139,141,444	$	4,208,656,022	$	6,254,560,813	$	8,701,239,921	$	6,739,061	$	(2,341,295,309	)

(a) formerly known as EQ/JPMorgan Core Bond Portfolio

(b) formerly known as EQ/AllianceBernstein Intermediate Government Securities Portfolio

Various inputs are used in determining the value of the Portfolio’s investments. These inputs are summarized in the three broad levels listed below:

• Level 1 - Quoted prices in active markets for identical securities

• Level 2 - Significant other observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)

• Level 3 - Significant unobservable inputs (including the Portfolio’s own assumptions in determining the fair value of investments)

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, money market securities are valued using amortized cost, in accordance with rules under the Investment Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active market, such securities are reflected as Level 2.

The following is a summary of the inputs used to value the Portfolio’s net assets as of March 31, 2009:

Description	Quoted Prices in Active Markets for Identical Securities (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Assets
Investments in Securities	$	—	$	8,702,206,840	$	—	$	8,702,206,840
Other Investments*		—		—		—		—
Total	$	—	$	8,702,206,840	$	—	$	8,702,206,840
Liabilities
Investments in Securities	$	—	$	—	$	—	$	—
Other Investments*		—		—		—		—
Total	$	—	$	—	$	—	$	—

* Other investments are derivative instruments, such as futures, forwards and written options, which are valued at the unrealized appreciation/depreciation on the instrument.

Investment security transactions for the three months ended March 31, 2009 were as follows:

Cost of Purchases:
Investment Companies	$	4,208,656,022
Net Proceeds of Sales and Redemptions:
Investment Companies	$	3,913,265,504
As of March 31, 2009, 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	$	121,883,332
Aggregate gross unrealized depreciation		(1,865,672,071	)
Net unrealized depreciation	$	(1,743,788,739	)
Federal income tax cost of investments	$	10,445,995,579

See Notes to Portfolio of Investments.

12

AXA PREMIER VIP TRUST

AXA AGGRESSIVE ALLOCATION PORTFOLIO

PORTFOLIO OF INVESTMENTS

March 31, 2009 (Unaudited)

	Number of Shares	Value (Note 1)
INVESTMENT COMPANIES:
EQ/AllianceBernstein International Portfolio‡	7,840,296	$	44,256,467
EQ/AllianceBernstein Small Cap Growth Portfolio‡	4,366,940		36,113,724
EQ/BlackRock Basic Value Equity Portfolio‡	16,705,503		144,333,057
EQ/BlackRock International Value Portfolio‡	7,566,636		56,183,116
EQ/Boston Advisors Equity Income Portfolio‡	10,592,615		36,773,012
EQ/Core Bond Index Portfolio‡	4,051,431		37,282,116
EQ/Franklin Small Cap Value Portfolio‡	4,108,406		21,917,848
EQ/GAMCO Small Company Value Portfolio‡	1,256,048		23,747,518
EQ/Intermediate Government Bond Index Portfolio‡	2,390,793		23,373,326
EQ/International Core PLUS Portfolio‡	19,157,600		114,992,215
EQ/International ETF Portfolio‡	29,987,300		156,027,443
EQ/International Growth Portfolio‡	14,275,967		53,261,613
EQ/Large Cap Core PLUS Portfolio‡	54,427,475		277,850,565
EQ/Large Cap Growth Index Portfolio‡	53,449,608		290,371,026
EQ/Large Cap Growth PLUS Portfolio‡	17,049,955		182,994,650
EQ/Large Cap Value Index Portfolio‡	21,013,018		74,465,254
EQ/Large Cap Value PLUS Portfolio‡	26,196,386		170,574,546
EQ/Mid Cap Index Portfolio‡	11,823,941		53,795,205
EQ/PIMCO Real Return Portfolio‡	2,820,847		27,633,173
EQ/Quality Bond PLUS Portfolio‡	4,545,463		39,847,960
EQ/Small Company Index Portfolio‡	10,137,244		57,720,536
EQ/Van Kampen Emerging Markets Equity Portfolio‡	5,399,128		39,786,065
Multimanager Core Bond Portfolio‡	5,350,863		52,834,372
Multimanager International Equity Portfolio‡	9,197,281		65,626,948
Multimanager Large Cap Core Equity Portfolio‡	11,379,705		72,641,103
Multimanager Large Cap Value Portfolio‡	21,494,103		134,614,412
Multimanager Mid Cap Growth Portfolio‡	2,442,889		11,802,951
Multimanager Mid Cap Value Portfolio‡	2,434,578		12,947,509
Multimanager Small Cap Growth Portfolio*‡	6,705,518		31,002,738
Multimanager Small Cap Value Portfolio‡	4,383,099		25,006,293
Total Investments (100.3%) (Cost $2,912,687,658)			2,369,776,761
Other Assets Less Liabilities (-0.3%)			(7,998,307	)
Net Assets (100%)		$	2,361,778,454

* 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 (Multimanager) and Class IA shares for EQ Advisors Trust Portfolios.

13

AXA PREMIER VIP TRUST

AXA AGGRESSIVE ALLOCATION PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

Investments in companies which were affiliates for the three months ended March 31, 2009, were as follows:

Securities	Market Value December 31, 2008		Purchases at Cost		Sales at Cost		Market Value March 31, 2009		Dividend Income		Realized Loss
EQ/AllianceBernstein International Portfolio	$	—	$	41,732,576	$	—	$	44,256,467	$	—	$	—
EQ/AllianceBernstein Small Cap Growth Portfolio		—		32,861,288		—		36,113,724		—		—
EQ/BlackRock Basic Value Equity Portfolio		306,808,182		11,258,483		273,259,871		144,333,057		—		(141,909,412	)
EQ/BlackRock International Value Portfolio		175,458,865		2,820,878		219,798,117		56,183,116		—		(127,810,951	)
EQ/Boston Advisors Equity Income Portfolio		37,527,342		7,771,706		1,416,579		36,773,012		—		(337,702	)
EQ/Core Bond Index Portfolio(a)		—		37,034,258		—		37,282,116		—		—
EQ/Davis New York Venture Portfolio		138,381,107		4,138,090		215,732,446		—		—		(98,413,237	)
EQ/Franklin Small Cap Value Portfolio		53,101,425		3,149,908		53,594,482		21,917,848		—		(31,465,524	)
EQ/GAMCO Small Company Value Portfolio		78,451,236		4,339,060		89,017,370		23,747,518		—		(42,964,828	)
EQ/Intermediate Government Bond Index Portfolio(b)		—		23,214,258		—		23,373,326		—		—
EQ/International Core PLUS Portfolio		155,060,371		16,046,830		85,087,269		114,992,215		—		(49,021,581	)
EQ/International ETF Portfolio		—		151,671,986		—		156,027,443		—		—
EQ/International Growth Portfolio		—		50,602,576		—		53,261,613		—		—
EQ/Large Cap Core PLUS Portfolio		159,212,995		128,534,801		2,905,584		277,850,565		—		(1,104,173	)
EQ/Large Cap Growth Index Portfolio		—		269,544,067		—		290,371,026		—		—
EQ/Large Cap Growth PLUS Portfolio		420,599,387		21,470,183		299,344,658		182,994,650		—		(78,022,518	)
EQ/Large Cap Value Index Portfolio		—		68,343,864		—		74,465,254		—		—
EQ/Large Cap Value PLUS Portfolio		50,441,408		118,011,985		—		170,574,546		—		—
EQ/Marsico Focus Portfolio		4,560,860		—		6,680,116		—		—		(3,007,640	)
EQ/Mid Cap Index Portfolio		—		48,834,061		—		53,795,205		—		—
EQ/PIMCO Real Return Portfolio		25,365,447		936,121		128,856		27,633,173		—		(6,169	)
EQ/Quality Bond PLUS Portfolio		5,688,561		34,033,409		194,202		39,847,960		—		(30,619	)
EQ/Small Company Index Portfolio		6,206,744		47,902,045		383,394		57,720,536		—		(138,019	)
EQ/Van Kampen Emerging Markets Equity Portfolio		37,760,579		3,693,515		1,308,242		39,786,065		—		(940,180	)
Multimanager Core Bond Portfolio		142,509,078		4,469,371		97,810,761		52,834,372		857,659		(4,360,011	)
Multimanager International Equity Portfolio		206,400,719		11,606,739		276,587,893		65,626,948		—		(158,923,852	)
Multimanager Large Cap Core Equity Portfolio		127,076,383		6,432,590		90,608,923		72,641,103		—		(44,551,006	)
Multimanager Large Cap Value Portfolio		212,783,663		10,872,680		117,210,495		134,614,412		—		(61,620,933	)
Multimanager Mid Cap Growth Portfolio		21,483,145		341,546		17,974,046		11,802,951		—		(9,893,149	)
Multimanager Mid Cap Value Portfolio		35,996,970		936,121		41,751,656		12,947,509		—		(22,668,968	)
Multimanager Small Cap Growth Portfolio		70,208,759		4,977,893		60,550,558		31,002,738		—		(27,256,225	)
Multimanager Small Cap Value Portfolio		29,850,203		474,318		111,088		25,006,293		—		(70,192	)
	$	2,500,933,429	$	1,168,057,206	$	1,951,456,606	$	2,369,776,761	$	857,659	$	(904,516,889	)

14

AXA PREMIER VIP TRUST

AXA AGGRESSIVE ALLOCATION PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

(a) formerly known as EQ/JPMorgan Core Bond Portfolio

(b) formerly known as EQ/AllianceBernstein Intermediate Government Securities Portfolio

Various inputs are used in determining the value of the Portfolio’s investments. These inputs are summarized in the three broad levels listed below:

• Level 1 - Quoted prices in active markets for identical securities

• Level 2 - Significant other observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)

• Level 3 - Significant unobservable inputs (including the Portfolio’s own assumptions in determining the fair value of investments)

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, money market securities are valued using amortized cost, in accordance with rules under the Investment Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active market, such securities are reflected as Level 2.

The following is a summary of the inputs used to value the Portfolio’s net assets as of March 31, 2009:

Description	Quoted Prices in Active Markets for Identical Securities (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Assets
Investments in Securities	$	—	$	2,369,776,761	$	—	$	2,369,776,761
Other Investments*		—		—		—		—
Total	$	—	$	2,369,776,761	$	—	$	2,369,776,761
Liabilities
Investments in Securities	$	—	$	—	$	—	$	—
Other Investments*		—		—		—		—
Total	$	—	$	—	$	—	$	—

* Other investments are derivative instruments, such as futures, forwards and written options, which are valued at the unrealized appreciation/depreciation on the instrument.

Investment security transactions for the three months ended March 31, 2009 were as follows:

Cost of Purchases:
Investment Companies	$	1,168,057,206
Net Proceeds of Sales and Redemptions:
Investment Companies	$	1,046,939,717
As of March 31, 2009, 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	$	48,289,732
Aggregate gross unrealized depreciation		(590,948,609	)
Net unrealized depreciation	$	(542,658,877	)
Federal income tax cost of investments	$	2,912,435,638

See Notes to Portfolio of Investments.

15

AXA PREMIER VIP TRUST

MULTIMANAGER AGGRESSIVE EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS

March 31, 2009 (Unaudited)

	Number of Shares	Value (Note 1)
COMMON STOCKS:
Consumer Discretionary (12.4%)
Auto Components (0.1%)
Amerigon, Inc.*^	1,800	$	6,660
BorgWarner, Inc.^	25,450		516,635
Drew Industries, Inc.*^	100		868
Exide Technologies*^	6,100		18,300
Fuel Systems Solutions, Inc.*^	900		12,132
Gentex Corp.^	11,600		115,536
Goodyear Tire & Rubber Co.*	12,600		78,876
Hayes Lemmerz International, Inc.*	1,000		185
Johnson Controls, Inc.	7,300		87,600
Quantum Fuel Systems Technologies Worldwide, Inc.*	6,700		5,360
Raser Technologies, Inc.*^	2,500		10,475
Spartan Motors, Inc.^	200		804
WABCO Holdings, Inc.	5,300		65,243
Wonder Auto Technology, Inc.*^	1,200		4,296
			922,970
Automobiles (0.1%)
Harley-Davidson, Inc.^	17,000		227,630
Thor Industries, Inc.	900		14,058
Toyota Motor Corp. (ADR)^	4,700		297,510
Winnebago Industries, Inc.	2,400		12,744
			551,942
Distributors (0.0%)
Aristotle Corp.*	100		346
LKQ Corp.*^	11,000		156,970
			157,316
Diversified Consumer Services (0.6%)
American Public Education, Inc.*	900		37,854
Apollo Global Management LLC, Class A*	450,000		1,124,999
Apollo Group, Inc., Class A*	10,566		827,635
Brink’s Home Security Holdings, Inc.*	3,300		74,580
Capella Education Co.*^	1,200		63,600
Coinstar, Inc.*^	2,300		75,348
Corinthian Colleges, Inc.*^	6,900		134,205
DeVry, Inc.	5,000		240,900
Grand Canyon Education, Inc.*^	700		12,082
H&R Block, Inc.	27,163		494,095
Hillenbrand, Inc.^	5,100		81,651
ITT Educational Services, Inc.*^	3,200		388,544
K12, Inc.*^	500		6,950
Learning Tree International, Inc.*	700		5,929
Lincoln Educational Services Corp.*^	200		3,664
Matthews International Corp., Class A^	2,400		69,144
New Oriental Education & Technology Group, Inc. (ADR)*^	11,750		590,438
Pre-Paid Legal Services, Inc.*	600		17,418
Princeton Review, Inc.*	1,100		4,785
Sotheby’s, Inc.^	5,500		49,500
Steiner Leisure Ltd.*^	800		19,528
Strayer Education, Inc.^	1,200		215,844
Universal Technical Institute, Inc.*^	700		8,400
Weight Watchers International, Inc.^	2,500		46,375
			4,593,468
Hotels, Restaurants & Leisure (3.8%)
AFC Enterprises, Inc.*	1,100		4,961
Ambassadors Group, Inc.^	1,500		12,180
Bally Technologies, Inc.*	4,400		81,048
BJ’s Restaurants, Inc.*^	1,100		15,301
Boyd Gaming Corp.^	600		2,238
Brinker International, Inc.^	8,200		123,820
Buffalo Wild Wings, Inc.*^	1,400		51,212
Burger King Holdings, Inc.^	6,500		149,175
California Pizza Kitchen, Inc.*^	1,300		17,004
Carnival Corp.	7,200		155,520
CEC Entertainment, Inc.*	1,400		36,232
Cheesecake Factory, Inc.*	4,800		54,960
Chipotle Mexican Grill, Inc., Class A*^	2,700		179,226
Choice Hotels International, Inc.^	900		23,238
CKE Restaurants, Inc.	4,200		35,280
Cracker Barrel Old Country Store, Inc.^	1,200		34,368
Ctrip.com International Ltd. (ADR)^	16,493		451,908
Darden Restaurants, Inc.	11,400		390,564
Denny’s Corp.*	7,700		12,859
DineEquity, Inc.^	1,400		16,604
Dover Downs Gaming & Entertainment, Inc.^	1,100		3,377
Dover Motorsports, Inc.^	1,200		2,220
Einstein Noah Restaurant Group, Inc.*	200		1,166
Great Wolf Resorts, Inc.*^	200		466
International Game Technology^	223,650		2,062,053
Interval Leisure Group, Inc.*	400		2,120
Jack in the Box, Inc.*^	3,000		69,870
Krispy Kreme Doughnuts, Inc.*	4,600		7,360
Las Vegas Sands Corp.*^	13,400		40,334
Life Time Fitness, Inc.*^	2,800		35,168
Marriott International, Inc., Class A^	24,000		392,640
McDonald’s Corp.	293,068		15,992,722
MGM MIRAGE*^	9,500		22,135
Monarch Casino & Resort, Inc.*^	400		2,064
Morgans Hotel Group Co.*^	1,800		5,598
Orient-Express Hotels Ltd., Class A^	3,300		13,530
P.F. Chang’s China Bistro, Inc.*^	1,800		41,184
Panera Bread Co., Class A*	2,200		122,980
Papa John’s International, Inc.*^	1,400		32,018
Peet’s Coffee & Tea, Inc.*	1,100		23,782
Penn National Gaming, Inc.*	5,400		130,410
Red Robin Gourmet Burgers, Inc.*^	1,100		19,393
Rick’s Cabaret International, Inc.*	600		2,724
Riviera Holdings Corp.*	700		714
Ruth’s Hospitality Group, Inc.*	900		1,089
Scientific Games Corp., Class A*^	5,200		62,972
Shuffle Master, Inc.*^	4,300		12,341
Sonic Corp.*	4,100		41,082
Starbucks Corp.*	60,466		671,777
Starwood Hotels & Resorts Worldwide, Inc.^	15,200		193,040
Texas Roadhouse, Inc., Class A*^	4,000		38,120
Tim Hortons, Inc.	15,000		380,550
Town Sports International Holdings, Inc.*^	1,400		4,186
Vail Resorts, Inc.*^	2,300		46,989
Wendy’s/Arby’s Group, Inc., Class A^	27,800		139,834
WMS Industries, Inc.*^	3,600		75,276
Wynn Resorts Ltd.*^	73,954		1,476,861
Yum! Brands, Inc.	125,876		3,459,072
			27,476,915
Household Durables (0.2%)
Cavco Industries, Inc.*	400		9,440
Champion Enterprises, Inc.*	3,100		1,488

16

AXA PREMIER VIP TRUST

MULTIMANAGER AGGRESSIVE EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Number of Shares	Value (Note 1)
D.R. Horton, Inc.	136,072	$	1,319,898
Garmin Ltd.	9,800		207,858
Harman International Industries, Inc.^	3,500		47,355
iRobot Corp.*	1,500		11,400
Libbey, Inc.^	1,000		920
NVR, Inc.*	44		18,821
Pulte Homes, Inc.^	4,000		43,720
Tempur-Pedic International, Inc.^	3,700		27,010
Tupperware Brands Corp.	5,000		84,950
Universal Electronics, Inc.*^	1,100		19,910
			1,792,770
Internet & Catalog Retail (1.3%)
1-800-FLOWERS.COM, Inc., Class A*^	2,100		4,347
Amazon.com, Inc.*	109,512		8,042,561
Bidz.com, Inc.*	500		2,010
Blue Nile, Inc.*^	1,100		33,165
Drugstore.Com, Inc.*	6,800		7,956
Gaiam, Inc., Class A*	1,500		4,920
HSN, Inc.*^	400		2,056
Liberty Media Corp., Interactive, Class A*	147,295		427,156
Netflix, Inc.*^	3,300		141,636
NutriSystem, Inc.^	2,500		35,675
Orbitz Worldwide, Inc.*	200		258
Overstock.com, Inc.*^	1,300		11,895
PetMed Express, Inc.*^	1,900		31,312
priceline.com, Inc.*^	14,350		1,130,493
Shutterfly, Inc.*	1,600		14,992
Stamps.com, Inc.*^	1,100		10,670
Ticketmaster Entertainment, Inc.*	400		1,476
			9,902,578
Leisure Equipment & Products (0.0%)
Hasbro, Inc.	4,200		105,294
Leapfrog Enterprises, Inc.*	2,700		3,726
Marine Products Corp.^	300		1,272
Polaris Industries, Inc.^	2,400		51,456
Pool Corp.^	3,100		41,540
Smith & Wesson Holding Corp.*	3,000		18,060
			221,348
Media (3.4%)
Arbitron, Inc.^	2,200		33,022
Cablevision Systems Corp. - New York Group, Class A^	326,990		4,231,251
CBS Corp., Class B	18,880		72,499
Central European Media Enterprises Ltd., Class A*^	2,900		33,234
Charter Communications, Inc., Class A*	14,300		297
Cinemark Holdings, Inc.	900		8,451
CKX, Inc.*	2,500		10,250
Clear Channel Outdoor Holdings, Inc., Class A*	2,600		9,542
Comcast Corp., Class A	105,140		1,434,110
Comcast Corp., Special Class A^	472,817		6,085,156
Crown Media Holdings, Inc., Class A*	400		816
CTC Media, Inc.*^	4,300		19,608
DIRECTV Group, Inc.*^	45,184		1,029,743
DISH Network Corp., Class A*	16,600		184,426
Dolan Media Co.*^	2,100		16,527
DreamWorks Animation SKG, Inc., Class A*	6,500		140,660
Entravision Communications Corp., Class A*	2,300		598
Global Sources Ltd.*	1,540		5,991
Global Traffic Network, Inc.*^	1,000		3,030
Harte-Hanks, Inc.^	400		2,140
Interactive Data Corp.	1,400		34,804
Interpublic Group of Cos., Inc.*	32,800		135,136
John Wiley & Sons, Inc., Class A	3,300		98,274
Lamar Advertising Co., Class A*^	6,200		60,450
Liberty Global, Inc., Class A*^	23,495		342,087
Liberty Media Corp., Capital Series, Class A*	97,255		678,840
Liberty Media Corp., Entertainment Series, Class A*	179,176		3,574,561
Martha Stewart Living Omnimedia, Inc., Class A*	2,100		5,229
Marvel Entertainment, Inc.*^	4,000		106,200
McGraw-Hill Cos., Inc.	13,000		297,310
Morningstar, Inc.*^	1,300		44,395
National CineMedia, Inc.	3,400		44,812
News Corp., Class A	77,195		511,031
Omnicom Group, Inc.	24,200		566,280
Playboy Enterprises, Inc., Class B*^	1,000		1,970
RCN Corp.*^	1,600		5,920
RHI Entertainment, Inc.*	200		304
Sinclair Broadcast Group, Inc., Class A^	1,400		1,442
Sirius XM Radio, Inc.*	332,204		116,271
Time Warner Cable, Inc.^	14,495		359,479
Time Warner, Inc.	10,733		207,153
Valassis Communications, Inc.*	1,900		2,983
Value Line, Inc.	100		2,734
Viacom, Inc., Class B*	61,430		1,067,653
Walt Disney Co.^	135,275		2,456,594
Warner Music Group Corp.*	1,100		2,585
World Wrestling Entertainment, Inc., Class A^	1,700		19,618
			24,065,466
Multiline Retail (0.5%)
99 Cents Only Stores*	2,100		19,404
Big Lots, Inc.*	6,600		137,148
Dollar Tree, Inc.*	7,300		325,215
Family Dollar Stores, Inc.	900		30,033
Kohl’s Corp.*	19,517		825,959
Nordstrom, Inc.^	14,800		247,900
Retail Ventures, Inc.*^	100		152
Target Corp.	60,209		2,070,588
			3,656,399
Specialty Retail (1.6%)
Abercrombie & Fitch Co., Class A^	7,000		166,600
Advance Auto Parts, Inc.	7,700		316,316
Aeropostale, Inc.*^	5,400		143,424
American Eagle Outfitters, Inc.	9,800		119,952
AnnTaylor Stores Corp.*	1,800		9,360
AutoZone, Inc.*^	2,874		467,370
bebe stores, Inc.^	700		4,669
Bed Bath & Beyond, Inc.*^	17,300		428,175
Best Buy Co., Inc.^	27,300		1,036,308
Borders Group, Inc.*	2,600		1,638
Buckle, Inc.^	1,900		60,667
Cache, Inc.*^	500		1,440
CarMax, Inc.*^	17,700		220,188
Cato Corp., Class A	400		7,312
Charlotte Russe Holding, Inc.*	300		2,445
Chico’s FAS, Inc.*^	4,500		24,165
Christopher & Banks Corp.	1,900		7,771
Citi Trends, Inc.*	1,200		27,468
Coldwater Creek, Inc.*^	4,600		11,546
Dick’s Sporting Goods, Inc.*^	6,900		98,463
DSW, Inc., Class A*^	600		5,574

17

AXA PREMIER VIP TRUST

MULTIMANAGER AGGRESSIVE EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Number of Shares	Value (Note 1)
Finish Line, Inc., Class A	1,100	$	7,282
GameStop Corp., Class A*	13,688		383,538
Gap, Inc.	19,500		253,305
Guess?, Inc.	4,900		103,292
Gymboree Corp.*^	1,700		36,295
Haverty Furniture Cos., Inc.	400		4,212
hhgregg, Inc.*^	1,000		14,150
Hibbett Sports, Inc.*^	2,300		44,206
J. Crew Group, Inc.*^	3,400		44,812
JoS. A. Bank Clothiers, Inc.*	300		8,343
Limited Brands, Inc.	14,300		124,410
Lowe’s Cos., Inc.	193,210		3,526,083
Lumber Liquidators, Inc.*	800		10,200
Men’s Wearhouse, Inc.	500		7,570
Midas, Inc.*	1,100		8,712
Monro Muffler, Inc.	100		2,733
New York & Co., Inc.*	300		1,065
O’Reilly Automotive, Inc.*^	4,000		140,040
PetSmart, Inc.^	10,300		215,888
Pier 1 Imports, Inc.*	1,200		672
Ross Stores, Inc.^	25,000		897,000
Sally Beauty Holdings, Inc.*^	7,100		40,328
Sherwin-Williams Co.^	8,200		426,154
Staples, Inc.	49,431		895,195
Systemax, Inc.*	400		5,168
Tiffany & Co.^	10,200		219,912
TJX Cos., Inc.	35,175		901,887
Tractor Supply Co.*^	2,000		72,120
Tween Brands, Inc.*	1,600		3,424
Ulta Salon Cosmetics & Fragrance, Inc.*	1,600		10,592
Urban Outfitters, Inc.*	9,200		150,604
Wet Seal, Inc., Class A*	7,500		25,200
Williams-Sonoma, Inc.^	1,200		12,096
Zumiez, Inc.*^	1,600		15,520
			11,772,859
Textiles, Apparel & Luxury Goods (0.8%)
American Apparel, Inc.*^	2,700		7,884
Cherokee, Inc.^	300		4,680
Coach, Inc.*	26,601		444,237
Crocs, Inc.*^	6,300		7,497
Deckers Outdoor Corp.*^	1,100		58,344
FGX International Holdings Ltd.*	1,100		12,782
Fossil, Inc.*^	3,700		58,090
Fuqi International, Inc.*^	800		3,760
G-III Apparel Group Ltd.*^	700		3,864
Hanesbrands, Inc.*^	7,600		72,732
Iconix Brand Group, Inc.*	3,300		29,205
Lululemon Athletica, Inc.*^	1,600		13,856
Maidenform Brands, Inc.*	900		8,244
NIKE, Inc., Class B	84,520		3,963,143
Perry Ellis International, Inc.*^	500		1,730
Phillips-Van Heusen Corp.	3,700		83,916
Polo Ralph Lauren Corp.^	21,285		899,291
Skechers U.S.A., Inc., Class A*	200		1,334
True Religion Apparel, Inc.*^	1,400		16,534
Under Armour, Inc., Class A*^	2,700		44,361
Volcom, Inc.*^	1,500		14,550
Warnaco Group, Inc.*^	3,700		88,800
Weyco Group, Inc.^	300		7,776
Wolverine World Wide, Inc.	4,000		62,320
			5,908,930
Total Consumer Discretionary			91,022,961
Consumer Staples (9.3%)
Beverages (2.3%)
Boston Beer Co., Inc., Class A*^	700		14,602
Brown-Forman Corp., Class B	6,200		240,746
Central European Distribution Corp.*	3,300		35,508
Coca-Cola Bottling Co. Consolidated^	300		15,615
Coca-Cola Co.	134,684		5,919,362
Hansen Natural Corp.*	5,900		212,400
National Beverage Corp.*	100		917
PepsiCo, Inc.	202,963		10,448,535
			16,887,685
Food & Staples Retailing (4.2%)
Arden Group, Inc., Class A^	100		11,684
Costco Wholesale Corp.	84,648		3,920,895
CVS Caremark Corp.	352,383		9,687,009
Great Atlantic & Pacific Tea Co., Inc.*	1,000		5,310
Kroger Co.	23,800		505,036
Pantry, Inc.*	300		5,283
Pricesmart, Inc.	1,200		21,612
Ruddick Corp.^	200		4,490
Spartan Stores, Inc.	200		3,082
SYSCO Corp.	49,653		1,132,088
United Natural Foods, Inc.*^	1,100		20,867
Walgreen Co.	75,454		1,958,786
Wal-Mart Stores, Inc.	255,567		13,315,041
Whole Foods Market, Inc.^	11,400		191,520
Winn-Dixie Stores, Inc.*^	2,500		23,900
			30,806,603
Food Products (0.3%)
AgFeed Industries, Inc.*	1,600		3,616
Alico, Inc.^	200		4,800
American Dairy, Inc.*	400		6,764
Calavo Growers, Inc.^	800		9,616
Cal-Maine Foods, Inc.^	1,000		22,390
Campbell Soup Co.	8,400		229,824
Darling International, Inc.*	6,600		24,486
Dean Foods Co.*	8,600		155,488
Diamond Foods, Inc.^	1,300		36,309
Flowers Foods, Inc.^	3,800		89,224
General Mills, Inc.	2,300		114,724
Green Mountain Coffee Roasters, Inc.*^	1,400		67,200
H.J. Heinz Co.	14,582		482,081
Hain Celestial Group, Inc.*	400		5,696
Hershey Co.^	6,300		218,925
HQ Sustainable Maritime Industries, Inc.*	500		3,825
JM Smucker Co.	1,900		70,813
Kellogg Co.	11,600		424,908
Lancaster Colony Corp.^	1,600		66,368
Lance, Inc.	500		10,410
Lifeway Foods, Inc.*	400		3,200
McCormick & Co., Inc. (Non-Voting)	3,400		100,538
Ralcorp Holdings, Inc.*	500		26,940
Sanderson Farms, Inc.^	300		11,265
Smart Balance, Inc.*	3,900		23,556
Synutra International, Inc.*^	800		6,568
Tootsie Roll Industries, Inc.^	721		15,660
Tyson Foods, Inc., Class A	2,700		25,353
Zhongpin, Inc.*	1,500		13,320
			2,273,867
Household Products (1.1%)
Church & Dwight Co., Inc.	5,700		297,711
Clorox Co.	3,500		180,180
Colgate-Palmolive Co.	41,839		2,467,664
Energizer Holdings, Inc.*^	4,700		233,543

18

AXA PREMIER VIP TRUST

MULTIMANAGER AGGRESSIVE EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Number of Shares	Value (Note 1)
Kimberly-Clark Corp.	14,286	$	658,727
Procter & Gamble Co.	92,018		4,333,128
WD-40 Co.	600		14,484
			8,185,437
Personal Products (0.2%)
Alberto-Culver Co.	900		20,349
American Oriental Bioengineering, Inc.*^	5,000		19,300
Avon Products, Inc.	35,434		681,396
Bare Escentuals, Inc.*	4,900		20,090
Chattem, Inc.*^	1,300		72,865
China Sky One Medical, Inc.*	600		6,900
Estee Lauder Cos., Inc., Class A^	7,900		194,735
Herbalife Ltd.	5,300		79,394
Inter Parfums, Inc.^	100		583
Mannatech, Inc.^	200		666
Mead Johnson Nutrition Co., Class A*	1,416		40,880
NBTY, Inc.*^	2,100		29,568
Nu Skin Enterprises, Inc., Class A	2,700		28,323
USANA Health Sciences, Inc.*^	500		11,180
			1,206,229
Tobacco (1.2%)
Alliance One International, Inc.*	5,200		19,968
Altria Group, Inc.	129,114		2,068,406
Lorillard, Inc.	7,417		457,926
Philip Morris International, Inc.	173,461		6,171,742
Star Scientific, Inc.*^	1,100		4,708
Vector Group Ltd.	2,700		35,073
			8,757,823
Total Consumer Staples			68,117,644
Energy (9.4%)
Energy Equipment & Services (4.4%)
Atwood Oceanics, Inc.*^	4,500		74,655
Baker Hughes, Inc.	25,529		728,853
Basic Energy Services, Inc.*^	3,300		21,351
Bolt Technology Corp.*	700		4,977
Cal Dive International, Inc.*	300		2,031
Cameron International Corp.*	17,600		385,968
CARBO Ceramics, Inc.^	1,700		48,348
Dawson Geophysical Co.*	400		5,400
Diamond Offshore Drilling, Inc.^	5,600		352,016
Dresser-Rand Group, Inc.*	7,000		154,700
Dril-Quip, Inc.*^	2,500		76,750
ENGlobal Corp.*	2,200		9,988
ENSCO International, Inc.	10,900		287,760
FMC Technologies, Inc.*	28,350		889,340
Geokinetics, Inc.*	200		654
Global Industries Ltd.*^	6,000		23,040
Gulf Island Fabrication, Inc.	1,000		8,010
GulfMark Offshore, Inc.*	1,400		33,404
Halliburton Co.	248,787		3,848,735
Helix Energy Solutions Group, Inc.*^	600		3,084
IHS, Inc., Class A*	3,500		144,130
ION Geophysical Corp.*^	7,300		11,388
Key Energy Services, Inc.*	1,700		4,896
Lufkin Industries, Inc.	400		15,152
Matrix Service Co.*	2,100		17,262
Mitcham Industries, Inc.*	800		3,048
Nabors Industries Ltd.*	3,200		31,968
NATCO Group, Inc., Class A*	1,600		30,288
National Oilwell Varco, Inc.*	156,811		4,502,044
Natural Gas Services Group, Inc.*^	1,000		9,000
Oceaneering International, Inc.*^	4,500		165,915
Oil States International, Inc.*^	2,700		36,234
OYO Geospace Corp.*^	300		3,918
Parker Drilling Co.*^	1,600		2,944
Patterson-UTI Energy, Inc.^	7,700		68,992
PHI, Inc.*	700		6,986
Pioneer Drilling Co.*	500		1,640
Pride International, Inc.*^	9,800		176,204
Rowan Cos., Inc.^	3,200		38,304
RPC, Inc.^	2,400		15,912
Schlumberger Ltd.	98,169		3,987,625
SEACOR Holdings, Inc.*^	200		11,662
Smith International, Inc.	18,017		387,005
Sulphco, Inc.*^	4,700		5,029
Superior Energy Services, Inc.*	6,600		85,074
Superior Well Services, Inc.*	900		4,617
T-3 Energy Services, Inc.*	1,000		11,780
TETRA Technologies, Inc.*^	6,100		19,825
Tidewater, Inc.^	200		7,426
Transocean Ltd.*	160,310		9,432,639
Union Drilling, Inc.*	400		1,520
Unit Corp.*^	2,900		60,668
Weatherford International Ltd.*^	531,570		5,884,480
Willbros Group, Inc.*^	3,200		31,040
			32,175,679
Oil, Gas & Consumable Fuels (5.0%)
Abraxas Petroleum Corp.*	3,400		3,502
Alpha Natural Resources, Inc.*	5,700		101,175
American Oil & Gas, Inc.*	700		539
Anadarko Petroleum Corp.	281,242		10,937,501
Apco Argentina, Inc.^	300		3,306
Approach Resources, Inc.*	700		4,340
Arch Coal, Inc.	11,700		156,429
Arena Resources, Inc.*^	3,100		78,988
Atlas America, Inc.	2,800		24,500
ATP Oil & Gas Corp.*^	2,300		11,799
Berry Petroleum Co., Class A^	2,200		24,112
Bill Barrett Corp.*	1,400		31,136
BMB Munai, Inc.*	300		174
BPZ Resources, Inc.*^	4,900		18,130
Cabot Oil & Gas Corp.	3,800		89,566
Cano Petroleum, Inc.*^	3,800		1,634
Carrizo Oil & Gas, Inc.*^	2,200		19,536
Cheniere Energy, Inc.*^	3,100		13,206
Chesapeake Energy Corp.	20,150		343,759
Clayton Williams Energy, Inc.*	400		11,696
Clean Energy Fuels Corp.*^	2,000		12,180
CNX Gas Corp.*^	2,200		52,162
Comstock Resources, Inc.*^	3,700		110,260
Concho Resources, Inc.*^	4,500		115,155
Consol Energy, Inc.	14,875		375,445
Contango Oil & Gas Co.*^	1,100		43,120
Continental Resources, Inc.*^	2,400		50,904
Crosstex Energy, Inc.	3,300		5,412
CVR Energy, Inc.*^	1,900		10,526
Delta Petroleum Corp.*^	5,000		6,000
Denbury Resources, Inc.*^	133,677		1,986,440
DHT Maritime, Inc.^	1,500		5,760
Double Eagle Petroleum Co.*	700		3,619
El Paso Corp.	12,200		76,250
Encore Acquisition Co.*^	1,100		25,597
Endeavour International Corp.*	9,200		8,004
Energy XXI Bermuda Ltd.	600		225
EOG Resources, Inc.	15,456		846,371
Evergreen Energy, Inc.*^	10,000		13,920
EXCO Resources, Inc.*^	11,400		114,000
Exxon Mobil Corp.	75,725		5,156,873
Foundation Coal Holdings, Inc.	3,700		53,095
Frontier Oil Corp.	8,400		107,436

19

AXA PREMIER VIP TRUST

MULTIMANAGER AGGRESSIVE EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Number of Shares	Value (Note 1)
Frontline Ltd.^	4,000	$	69,560
FX Energy, Inc.*	3,300		9,174
Gasco Energy, Inc.*	7,600		2,964
General Maritime Corp.^	3,900		27,300
GeoGlobal Resources, Inc.*	3,100		2,232
GeoMet, Inc.*	200		116
GeoResources, Inc.*	500		3,360
GMX Resources, Inc.*^	500		3,250
Golar LNG Ltd.^	2,400		8,232
Goodrich Petroleum Corp.*^	1,800		34,848
Gran Tierra Energy, Inc.*	17,900		44,929
GreenHunter Energy, Inc.*^	400		760
Gulfport Energy Corp.*^	700		1,624
Hess Corp.	23,223		1,258,687
Holly Corp.^	3,500		74,200
Houston American Energy Corp.	1,200		2,232
International Coal Group, Inc.*^	10,300		16,583
James River Coal Co.*	2,200		27,148
Knightsbridge Tankers Ltd.	1,400		20,370
Mariner Energy, Inc.*	5,200		40,300
Massey Energy Co.^	6,900		69,828
McMoRan Exploration Co.*	4,900		23,030
Murphy Oil Corp.	15,500		693,935
National Coal Corp.*^	2,100		2,856
Noble Energy, Inc.	900		48,492
Nordic American Tanker Shipping Ltd.^	800		23,440
Northern Oil and Gas, Inc.*	1,700		6,120
Occidental Petroleum Corp.	67,545		3,758,879
Oilsands Quest, Inc.*	1,700		1,224
Pacific Ethanol, Inc.*^	2,800		924
Panhandle Oil and Gas, Inc., Class A^	600		10,272
Parallel Petroleum Corp.*^	3,400		4,352
Patriot Coal Corp.*^	6,300		23,373
Peabody Energy Corp.	22,575		565,278
Penn Virginia Corp.	3,400		37,332
Petrohawk Energy Corp.*	19,200		369,216
Petroleo Brasileiro S.A. (ADR)^	67,964		2,070,863
Petroleum Development Corp.*	1,200		14,172
PetroQuest Energy, Inc.*^	1,700		4,080
Plains Exploration & Production Co.*^	8,000		137,840
PrimeEnergy Corp.*^	100		4,990
Quest Resource Corp.*	2,100		657
Quicksilver Resources, Inc.*^	8,800		48,752
RAM Energy Resources, Inc.*	1,900		1,387
Range Resources Corp.	12,600		518,616
Rentech, Inc.*^	13,500		7,425
Rex Energy Corp.*^	1,400		4,018
SandRidge Energy, Inc.*	8,400		55,356
Ship Finance International Ltd.^	3,400		22,304
Southwestern Energy Co.*	47,959		1,423,903
St. Mary Land & Exploration Co.^	2,100		27,783
Stone Energy Corp.*	300		999
Sunoco, Inc.	5,600		148,288
Teekay Tankers Ltd., Class A	1,100		10,461
Tesoro Corp.	3,300		44,451
Tri-Valley Corp.*^	1,800		2,052
Uranium Resources, Inc.*^	3,200		1,504
USEC, Inc.*	2,800		13,440
VAALCO Energy, Inc.*	1,500		7,935
Venoco, Inc.*^	1,600		5,248
W&T Offshore, Inc.^	2,400		14,760
Walter Industries, Inc.	4,500		102,915
Warren Resources, Inc.*^	4,700		4,512
Westmoreland Coal Co.*^	700		5,019
Whiting Petroleum Corp.*^	4,297		111,077
Williams Cos., Inc.	48,621		553,307
XTO Energy, Inc.	101,300		3,101,806
			36,810,122
Total Energy			68,985,801
Financials (4.5%)
Capital Markets (1.7%)
Affiliated Managers Group, Inc.*^	3,300		137,643
BGC Partners, Inc., Class A^	1,500		3,315
BlackRock, Inc.^	1,100		143,044
Broadpoint Securities Group, Inc.*^	400		1,320
Charles Schwab Corp.	77,239		1,197,205
Cohen & Steers, Inc.^	800		8,928
Diamond Hill Investment Group, Inc.*	200		7,864
E*TRADE Financial Corp.*	6,000		7,680
Eaton Vance Corp.^	8,300		189,655
Epoch Holding Corp.^	800		5,496
FCStone Group, Inc.*	1,800		4,104
Federated Investors, Inc., Class B^	7,100		158,046
Franklin Resources, Inc.	6,700		360,929
GAMCO Investors, Inc., Class A^	200		6,530
GFI Group, Inc.	5,400		17,334
GLG Partners, Inc.	4,000		11,360
Goldman Sachs Group, Inc.^	46,008		4,877,767
Greenhill & Co., Inc.	1,400		103,390
International Assets Holding Corp.*	400		4,076
Invesco Ltd.	4,000		55,440
Investment Technology Group, Inc.*	3,200		81,664
Janus Capital Group, Inc.^	12,300		81,795
KBW, Inc.*^	100		2,035
Knight Capital Group, Inc., Class A*	900		13,266
Ladenburg Thalmann Financial Services, Inc.*	8,700		4,611
Lazard Ltd., Class A^	6,100		179,340
MF Global Ltd.*^	3,600		15,228
Morgan Stanley^	5,000		113,850
Northern Trust Corp.	16,444		983,680
optionsXpress Holdings, Inc.	3,400		38,658
Pzena Investment Management, Inc., Class A	500		955
Riskmetrics Group, Inc.*^	1,700		24,293
SEI Investments Co.	10,900		133,089
State Street Corp.	9,100		280,098
Stifel Financial Corp.*^	100		4,331
T. Rowe Price Group, Inc.^	21,596		623,261
TD Ameritrade Holding Corp.*^	100,436		1,387,021
Teton Advisors, Inc.(b)*†	3		6
thinkorswim Group, Inc.*	4,200		36,288
TradeStation Group, Inc.*	2,600		17,160
U.S. Global Investors, Inc., Class A	900		4,383
Waddell & Reed Financial, Inc., Class A	7,000		126,490
Westwood Holdings Group, Inc.^	400		15,636
			11,468,264
Commercial Banks (0.6%)
Cardinal Financial Corp.	1,200		6,888
Enterprise Financial Services Corp.	500		4,880
First Financial Bankshares, Inc.^	300		14,451
Hancock Holding Co.^	200		6,256
Pinnacle Financial Partners, Inc.*^	400		9,484
PrivateBancorp, Inc.^	1,700		24,582
Signature Bank/New York*	2,500		70,575
Smithtown Bancorp, Inc.^	200		2,256
Suffolk Bancorp^	300		7,797
SVB Financial Group*^	500		10,005

20

AXA PREMIER VIP TRUST

MULTIMANAGER AGGRESSIVE EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Number of Shares	Value (Note 1)
SY Bancorp, Inc.^	100	$	2,430
U.S. Bancorp	179,194		2,618,024
Wells Fargo & Co.^	135,400		1,928,096
Westamerica Bancorporation^	1,100		50,116
			4,755,840
Consumer Finance (0.5%)
Advance America Cash Advance Centers, Inc.^	1,000		1,690
American Express Co.	231,454		3,154,718
Cardtronics, Inc.*	1,000		1,770
Cash America International, Inc.	1,000		15,660
Credit Acceptance Corp.*	300		6,447
Dollar Financial Corp.*^	2,000		19,040
EZCORP, Inc., Class A*^	4,336		50,168
First Cash Financial Services, Inc.*^	1,500		22,380
First Marblehead Corp.*	2,900		3,741
SLM Corp.*^	33,600		166,320
World Acceptance Corp.*^	1,300		22,230
			3,464,164
Diversified Financial Services (1.3%)
Asset Acceptance Capital Corp.*^	1,000		5,310
Bank of America Corp.	43,361		295,722
CME Group, Inc.	3,913		964,124
Fifth Street Finance Corp.	200		1,548
Interactive Brokers Group, Inc., Class A*^	49,485		798,193
IntercontinentalExchange, Inc.*^	5,743		427,681
JPMorgan Chase & Co.	136,776		3,635,506
Life Partners Holdings, Inc.^	500		8,530
MSCI, Inc., Class A*	3,600		60,876
NASDAQ OMX Group, Inc.*^	71,036		1,390,885
NewStar Financial, Inc.*	600		1,392
NYSE Euronext, Inc.^	114,450		2,048,655
Portfolio Recovery Associates, Inc.*^	800		21,472
Primus Guaranty Ltd.*	900		1,413
			9,661,307
Insurance (0.2%)
Aflac, Inc.	73,220		1,417,539
Amtrust Financial Services, Inc.	100		955
Argo Group International Holdings Ltd.*	900		27,117
Axis Capital Holdings Ltd.	2,800		63,112
Brown & Brown, Inc.^	2,200		41,602
eHealth, Inc.*	2,000		32,020
Employers Holdings, Inc.	200		1,908
Enstar Group, Ltd.*	300		16,896
Erie Indemnity Co., Class A	200		6,836
First Mercury Financial Corp.*	200		2,888
Prudential Financial, Inc.	6,100		116,022
Tower Group, Inc.^	1,600		39,408
Transatlantic Holdings, Inc.	500		17,835
W.R. Berkley Corp.	600		13,530
			1,797,668
Real Estate Investment Trusts (REITs) (0.2%)
Acadia Realty Trust (REIT)^	1,300		13,793
Alexander’s, Inc. (REIT)^	100		17,038
Apartment Investment & Management Co. (REIT), Class A^	2,300		12,604
Associated Estates Realty Corp. (REIT)^	700		3,976
Camden Property Trust (REIT)^	2,700		58,266
Cousins Properties, Inc. (REIT)^	2,100		13,524
Digital Realty Trust, Inc. (REIT)^	4,462		148,049
DuPont Fabros Technology, Inc. (REIT)	600		4,128
EastGroup Properties, Inc. (REIT)	600		16,842
Equity Lifestyle Properties, Inc. (REIT)^	1,100		41,910
Essex Property Trust, Inc. (REIT)^	400		22,936
Federal Realty Investment Trust (REIT)^	1,400		64,400
General Growth Properties, Inc. (REIT)^	11,300		8,023
HCP, Inc. (REIT)^	2,400		42,840
Health Care REIT, Inc. (REIT)	900		27,531
Highwoods Properties, Inc. (REIT)	300		6,426
Home Properties, Inc. (REIT)^	1,100		33,715
Inland Real Estate Corp. (REIT)^	1,500		10,635
Kilroy Realty Corp. (REIT)^	200		3,438
Macerich Co. (REIT)^	6,100		38,186
Mid-America Apartment Communities, Inc. (REIT)	1,300		40,079
Nationwide Health Properties, Inc. (REIT)^	800		17,752
Omega Healthcare Investors, Inc. (REIT)	800		11,264
Plum Creek Timber Co., Inc. (REIT)^	4,500		130,815
Potlatch Corp. (REIT)	1,200		27,828
PS Business Parks, Inc. (REIT)	400		14,740
Rayonier, Inc. (REIT)	800		24,176
Saul Centers, Inc. (REIT)	500		11,485
Simon Property Group, Inc. (REIT)^	18,582		643,681
Sun Communities, Inc. (REIT)	900		10,647
Tanger Factory Outlet Centers (REIT)^	2,600		80,236
Taubman Centers, Inc. (REIT)^	4,300		73,272
Universal Health Realty Income Trust (REIT)	100		2,923
Ventas, Inc. (REIT)^	1,900		42,959
Washington Real Estate Investment Trust (REIT)	2,100		36,330
			1,756,447
Real Estate Management & Development (0.0%)
CB Richard Ellis Group, Inc., Class A*	6,100		24,583
Consolidated-Tomoka Land Co.^	300		8,910
Forest City Enterprises, Inc., Class A^	6,000		21,600
Forestar Group, Inc.*^	200		1,530
Grubb & Ellis Co.	2,400		1,512
St. Joe Co.*^	6,300		105,462
Tejon Ranch Co.*^	900		18,603
Thomas Properties Group, Inc.^	400		472
			182,672
Thrifts & Mortgage Finance (0.0%)
Capitol Federal Financial	600		22,686
Danvers Bancorp, Inc.^	600		8,286
Freddie Mac^	48,100		36,556
Hudson City Bancorp, Inc.	14,600		170,674
Oritani Financial Corp.*^	900		12,600
Tree.com, Inc.*	100		462
TrustCo Bank Corp. NY/New York	2,100		12,642
ViewPoint Financial Group	800		9,624
			273,530
Total Financials			33,359,892
Health Care (18.4%)
Biotechnology (6.6%)
Abraxis Bioscience, Inc.*	600		28,608
Acadia Pharmaceuticals, Inc.*	2,700		2,565
Acorda Therapeutics, Inc.*^	3,000		59,430
Affymax, Inc.*^	900		14,499

21

AXA PREMIER VIP TRUST

MULTIMANAGER AGGRESSIVE EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Number of Shares	Value (Note 1)
Alexion Pharmaceuticals, Inc.*^	6,798	$	256,013
Alkermes, Inc.*	7,800		94,614
Allos Therapeutics, Inc.*	4,300		26,574
Alnylam Pharmaceuticals, Inc.*^	29,372		559,243
Amgen, Inc.*	168,805		8,359,224
Amicus Therapeutics, Inc.*^	400		3,652
Amylin Pharmaceuticals, Inc.*^	11,100		130,425
Arena Pharmaceuticals, Inc.*	1,600		4,816
ARIAD Pharmaceuticals, Inc.*	5,600		6,664
ArQule, Inc.*	3,300		13,662
Array BioPharma, Inc.*^	3,900		10,296
Biogen Idec, Inc.*	235,810		12,361,160
BioMarin Pharmaceutical, Inc.*^	8,000		98,800
Celera Corp.*	104,945		800,730
Celgene Corp.*	37,799		1,678,276
Cell Genesys, Inc.*	7,000		2,029
Celldex Therapeutics, Inc.*^	1,200		7,812
Cephalon, Inc.*^	5,500		374,550
Cepheid, Inc.*^	157,754		1,088,503
Cougar Biotechnology, Inc.*	1,200		38,640
Cubist Pharmaceuticals, Inc.*	4,600		75,256
CV Therapeutics, Inc.*	4,900		97,412
Cytokinetics, Inc.*	2,600		4,420
Cytori Therapeutics, Inc.*^	1,700		2,924
Dendreon Corp.*^	7,600		31,920
Dyax Corp.*	4,500		11,295
Emergent Biosolutions, Inc.*	800		10,808
Enzon Pharmaceuticals, Inc.*^	3,600		21,852
Facet Biotech Corp.*	1,900		18,050
Genomic Health, Inc.*^	64,700		1,577,386
Genzyme Corp.*	181,474		10,777,741
Geron Corp.*^	4,000		17,880
Gilead Sciences, Inc.*^	143,275		6,636,498
GTx, Inc.*^	1,500		15,870
Halozyme Therapeutics, Inc.*	4,900		26,754
Human Genome Sciences, Inc.*^	1,300		1,079
Idenix Pharmaceuticals, Inc.*^	2,000		6,160
Idera Pharmaceuticals, Inc.*^	1,700		10,999
Immunogen, Inc.*^	4,100		29,110
Immunomedics, Inc.*^	5,300		5,088
Incyte Corp.*^	6,200		14,508
InterMune, Inc.*	2,600		42,744
Isis Pharmaceuticals, Inc.*	7,300		109,573
Lexicon Pharmaceuticals, Inc.*^	1,900		2,071
Ligand Pharmaceuticals, Inc., Class B*	8,300		24,734
MannKind Corp.*^	2,200		7,656
Marshall Edwards, Inc.*	1,700		680
Martek Biosciences Corp.*^	2,700		49,275
Maxygen, Inc.*	800		5,440
Medarex, Inc.*^	10,400		53,352
Metabolix, Inc.*^	1,500		10,230
Molecular Insight Pharmaceuticals, Inc.*^	1,400		4,984
Momenta Pharmaceuticals, Inc.*	2,200		24,222
Myriad Genetics, Inc.*	7,200		327,384
Nabi Biopharmaceuticals*	400		1,480
Nanosphere, Inc.*	1,000		4,970
Neurocrine Biosciences, Inc.*^	3,100		11,005
Novavax, Inc.*	4,700		4,794
NPS Pharmaceuticals, Inc.*	3,800		15,960
Onyx Pharmaceuticals, Inc.*	4,500		128,475
Opko Health, Inc.*	3,900		3,822
Orexigen Therapeutics, Inc.*^	1,600		4,176
OSI Pharmaceuticals, Inc.*^	4,600		175,996
Osiris Therapeutics, Inc.*^	1,200		16,560
PDL BioPharma, Inc.	9,700		68,676
Pharmasset, Inc.*^	1,400		13,734
Progenics Pharmaceuticals, Inc.*^	2,200		14,498
Protalix BioTherapeutics, Inc.*	900		1,800
Regeneron Pharmaceuticals, Inc.*	5,000		69,300
Repligen Corp.*	2,500		11,975
Rexahn Pharmaceuticals, Inc.*^	2,400		1,680
Rigel Pharmaceuticals, Inc.*^	3,000		18,420
Sangamo BioSciences, Inc.*^	3,000		12,690
Savient Pharmaceuticals, Inc.*	4,400		21,780
Seattle Genetics, Inc.*^	4,900		48,314
Synta Pharmaceuticals Corp.*^	1,400		2,996
Targacept, Inc.*	1,500		4,020
Theravance, Inc.*^	4,200		71,400
United Therapeutics Corp.*^	1,800		118,962
Vertex Pharmaceuticals, Inc.*^	51,043		1,466,465
XOMA Ltd.*	10,700		5,671
ZymoGenetics, Inc.*	3,000		11,970
			48,407,729
Health Care Equipment & Supplies (3.3%)
Abaxis, Inc.*^	1,800		31,032
Abiomed, Inc.*^	2,800		13,720
Accuray, Inc.*^	2,900		14,587
Align Technology, Inc.*^	5,000		39,650
Alphatec Holdings, Inc.*^	2,000		3,540
American Medical Systems Holdings, Inc.*	5,900		65,785
Analogic Corp.^	1,100		35,222
AngioDynamics, Inc.*^	800		8,992
Atrion Corp	100		8,824
Baxter International, Inc.	51,684		2,647,254
Beckman Coulter, Inc.	4,100		209,141
Becton, Dickinson & Co.	20,000		1,344,800
Boston Scientific Corp.*	7,900		62,805
C.R. Bard, Inc.	8,100		645,732
Cerus Corp.*^	48,150		32,742
Conceptus, Inc.*^	2,500		29,375
CONMED Corp.*^	200		2,882
Covidien Ltd.	102,595		3,410,258
CryoLife, Inc.*	2,300		11,914
Cyberonics, Inc.*	1,900		25,213
Cynosure, Inc., Class A*^	800		4,872
DENTSPLY International, Inc.^	12,100		324,885
DexCom, Inc.*^	5,033		20,837
Edwards Lifesciences Corp.*	4,500		272,835
ev3, Inc.*^	1,100		7,810
Exactech, Inc.*	600		6,894
Gen-Probe, Inc.*^	4,400		200,552
Given Imaging Ltd.	238,924		1,686,803
Haemonetics Corp.*	2,100		115,668
Hansen Medical, Inc.*	1,400		5,628
Hill-Rom Holdings, Inc.^	700		6,923
Hologic, Inc.*^	10,400		136,136
Hospira, Inc.*	1,900		58,634
ICU Medical, Inc.*	400		12,848
Idexx Laboratories, Inc.*^	4,900		169,442
I-Flow Corp.*	1,800		6,570
Immucor, Inc.*^	5,700		143,355
Insulet Corp.*^	1,500		6,150
Integra LifeSciences Holdings Corp.*^	1,400		34,622
Intuitive Surgical, Inc.*^	3,256		310,492
Invacare Corp.^	500		8,015
Inverness Medical Innovations, Inc.*^	3,200		85,216
IRIS International, Inc.*^	1,500		17,295
Kensey Nash Corp.*	600		12,762
Kinetic Concepts, Inc.*^	4,600		97,152
Masimo Corp.*^	3,700		107,226

22

AXA PREMIER VIP TRUST

MULTIMANAGER AGGRESSIVE EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Number of Shares	Value (Note 1)
Medical Action Industries, Inc.*^	400	$	3,316
Medtronic, Inc.	177,862		5,241,594
Meridian Bioscience, Inc.^	3,300		59,796
Merit Medical Systems, Inc.*	2,200		26,862
Micrus Endovascular Corp.*^	1,300		7,761
Natus Medical, Inc.*^	2,200		18,722
Neogen Corp.*^	1,200		26,196
NuVasive, Inc.*^	2,900		91,002
NxStage Medical, Inc.*^	1,200		3,096
OraSure Technologies, Inc.*	3,600		9,108
Orthofix International N.V.*	500		9,260
Orthovita, Inc.*	5,400		14,472
Quidel Corp.*^	2,300		21,206
ResMed, Inc.*^	6,300		222,642
RTI Biologics, Inc.*^	4,400		12,540
Sirona Dental Systems, Inc.*^	1,300		18,616
Somanetics Corp.*	1,000		15,180
SonoSite, Inc.*^	1,400		25,032
Spectranetics Corp.*	2,600		6,578
St. Jude Medical, Inc.*	28,098		1,020,800
Stereotaxis, Inc.*^	2,500		9,975
STERIS Corp.^	4,800		111,744
Stryker Corp.	25,490		867,680
SurModics, Inc.*^	1,300		23,725
Symmetry Medical, Inc.*	900		5,679
Synovis Life Technologies, Inc.*	900		12,456
Thoratec Corp.*^	4,400		113,036
TomoTherapy, Inc.*	3,100		8,215
TranS1, Inc.*	1,000		6,090
Varian Medical Systems, Inc.*	10,200		310,488
Vision-Sciences, Inc.*^	1,400		1,792
Vnus Medical Technologies, Inc.*^	1,100		23,397
Volcano Corp.*^	3,800		55,290
West Pharmaceutical Services, Inc.^	2,600		85,306
Wright Medical Group, Inc.*^	3,000		39,090
Zimmer Holdings, Inc.*	79,332		2,895,618
Zoll Medical Corp.*^	1,700		24,412
			23,950,862
Health Care Providers & Services (2.7%)
Aetna, Inc.	152,179		3,702,515
Air Methods Corp.*^	900		15,219
Alliance HealthCare Services, Inc.*	1,900		12,920
Almost Family, Inc.*^	500		9,545
Amedisys, Inc.*^	2,200		60,478
AmerisourceBergen Corp.^	1,600		52,256
AMN Healthcare Services, Inc.*	2,600		13,260
Assisted Living Concepts, Inc., Class A*	480		6,509
Bio-Reference Labs, Inc.*^	900		18,819
BMP Sunstone Corp.*	1,700		5,491
Capital Senior Living Corp.*	100		244
Cardinal Health, Inc.	22,155		697,439
CardioNet, Inc.*	400		11,224
Catalyst Health Solutions, Inc.*	2,700		53,514
Centene Corp.*	300		5,406
Chemed Corp.^	1,300		50,570
Chindex International, Inc.*^	900		4,473
CIGNA Corp.	3,200		56,288
Community Health Systems, Inc.*^	1,800		27,612
Corvel Corp.*	700		14,154
Coventry Health Care, Inc.*	2,500		32,350
Cross Country Healthcare, Inc.*^	500		3,275
DaVita, Inc.*	7,100		312,045
Emergency Medical Services Corp., Class A*	300		9,417
Emeritus Corp.*	1,600		10,496
Express Scripts, Inc.*	17,200		794,124
Five Star Quality Care, Inc.*	100		104
Genoptix, Inc.*	700		19,096
Gentiva Health Services, Inc.*	900		13,680
Health Management Associates, Inc., Class A*	13,100		33,798
Health Net, Inc.*^	500		7,240
Healthways, Inc.*^	2,900		25,433
Henry Schein, Inc.*^	6,800		272,068
HMS Holdings Corp.*^	2,000		65,800
Humana, Inc.*	7,800		203,424
inVentiv Health, Inc.*	2,700		22,032
IPC The Hospitalist Co., Inc.*	500		9,515
Laboratory Corp. of America Holdings*^	9,269		542,144
Landauer, Inc.^	400		20,272
LHC Group, Inc.*	1,200		26,736
Lincare Holdings, Inc.*^	5,400		117,720
McKesson Corp.	16,556		580,122
Medco Health Solutions, Inc.*	41,804		1,728,177
MEDNAX, Inc.*	3,300		97,251
MWI Veterinary Supply, Inc.*^	800		22,784
National Healthcare Corp.^	600		24,090
National Research Corp.^	100		2,484
Nighthawk Radiology Holdings, Inc.*^	200		540
Odyssey HealthCare, Inc.*	600		5,820
Omnicare, Inc.	600		14,694
Owens & Minor, Inc.	3,000		99,390
Patterson Cos., Inc.*^	9,800		184,828
Providence Service Corp.*	800		5,504
PSS World Medical, Inc.*^	5,000		71,750
Psychiatric Solutions, Inc.*^	4,500		70,785
Quest Diagnostics, Inc.	10,800		512,784
RadNet, Inc.*	1,600		1,984
Sun Healthcare Group, Inc.*	3,500		29,540
Sunrise Senior Living, Inc.*	3,200		2,176
Tenet Healthcare Corp.*	22,000		25,520
U.S. Physical Therapy, Inc.*	1,000		9,680
UnitedHealth Group, Inc.	414,789		8,681,534
VCA Antech, Inc.*^	6,800		153,340
Virtual Radiologic Corp.*	500		3,495
WellCare Health Plans, Inc.*	3,400		38,250
WellPoint, Inc.*	4,100		155,677
			19,880,904
Health Care Technology (0.1%)
Allscripts-Misys Healthcare Solutions, Inc.^	11,800		121,422
athenahealth, Inc.*^	1,700		40,987
Cerner Corp.*^	5,500		241,835
Computer Programs & Systems, Inc.^	600		19,962
Eclipsys Corp.*^	4,400		44,616
HLTH Corp.*^	2,400		24,840
IMS Health, Inc.	3,200		39,904
MedAssets, Inc.*^	1,500		21,375
Omnicell, Inc.*^	2,500		19,550
Phase Forward, Inc.*^	3,500		44,765
Vital Images, Inc.*	700		7,889
			627,145
Life Sciences Tools & Services (0.6%)
Accelrys, Inc.*	2,200		8,756
Affymetrix, Inc.*^	3,000		9,810
Albany Molecular Research, Inc.*	700		6,601
AMAG Pharmaceuticals, Inc.*^	1,400		51,478
Bio-Rad Laboratories, Inc., Class A*	1,500		98,850
Bruker Corp.*^	4,100		25,256
Cambrex Corp.*^	1,400		3,192

23

AXA PREMIER VIP TRUST

MULTIMANAGER AGGRESSIVE EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Number of Shares	Value (Note 1)
Charles River Laboratories International, Inc.*^	2,500	$	68,025
Clinical Data, Inc.*^	900		9,720
Compugen Ltd.*^	83,125		54,863
Covance, Inc.*^	5,100		181,713
Dionex Corp.*^	1,500		70,875
Enzo Biochem, Inc.*	2,000		8,040
eResearchTechnology, Inc.*	3,500		18,410
Exelixis, Inc.*	8,500		39,100
Illumina, Inc.*^	44,580		1,660,159
Kendle International, Inc.*^	1,100		23,056
Life Sciences Research, Inc.*	700		5,019
Life Technologies Corp.*	8,500		276,080
Luminex Corp.*	3,300		59,796
Medivation, Inc.*^	2,100		38,367
Millipore Corp.*	4,500		258,345
Nektar Therapeutics*	3,100		16,709
PAREXEL International Corp.*	4,600		44,758
PerkinElmer, Inc.	4,300		54,911
Pharmaceutical Product Development, Inc.	8,700		206,364
QIAGEN N.V.*^	27,745		442,810
Sequenom, Inc.*^	4,900		69,678
Techne Corp.^	3,100		169,601
Thermo Fisher Scientific, Inc.*	11,572		412,773
Varian, Inc.*	2,300		54,602
Waters Corp.*^	8,100		299,295
			4,747,012
Pharmaceuticals (5.1%)
Abbott Laboratories, Inc.	156,627		7,471,107
Acura Pharmaceuticals, Inc.*^	700		4,494
Adolor Corp.*	3,700		7,548
Akorn, Inc.*	4,600		3,956
Alexza Pharmaceuticals, Inc.*^	1,900		4,199
Allergan, Inc.	104,208		4,976,974
Ardea Biosciences, Inc.*	1,200		12,348
Auxilium Pharmaceuticals, Inc.*^	3,300		91,476
Biodel, Inc.*^	900		4,689
BioForm Medical, Inc.*	1,400		1,708
BioMimetic Therapeutics, Inc.*^	34,507		245,000
Bristol-Myers Squibb Co.	148,818		3,262,091
Cadence Pharmaceuticals, Inc.*	1,600		15,008
Caraco Pharmaceutical Laboratories Ltd.*	900		3,168
Columbia Laboratories, Inc.*^	3,800		5,472
Cypress Bioscience, Inc.*^	2,500		17,775
Depomed, Inc.*	4,100		9,676
Discovery Laboratories, Inc.*	7,800		9,516
Durect Corp.*	6,600		14,718
Eli Lilly & Co.	7,700		257,257
Endo Pharmaceuticals Holdings, Inc.*	8,800		155,584
Forest Laboratories, Inc.*	291,745		6,406,720
Inspire Pharmaceuticals, Inc.*	3,400		13,804
Javelin Pharmaceuticals, Inc.*^	4,000		5,760
Jazz Pharmaceuticals, Inc.*	300		267
Johnson & Johnson^	70,815		3,724,869
KV Pharmaceutical Co., Class A*^	2,700		4,455
MAP Pharmaceuticals, Inc.*	600		1,260
Medicines Co.*^	4,200		45,528
Medicis Pharmaceutical Corp., Class A	4,600		56,902
Merck & Co., Inc.	50,699		1,356,198
MiddleBrook Pharmaceuticals, Inc.*^	2,900		3,944
Mylan, Inc.*^	4,500		60,345
Noven Pharmaceuticals, Inc.*	2,000		18,960
Obagi Medical Products, Inc.*	1,400		7,532
Optimer Pharmaceuticals, Inc.*	2,100		27,699
Pain Therapeutics, Inc.*	2,800		11,760
Perrigo Co.^	6,300		156,429
Pozen, Inc.*	2,100		12,852
Questcor Pharmaceuticals, Inc.*^	4,100		20,172
Roche Holding AG (ADR)^	52,263		1,797,847
Schering-Plough Corp.	226,672		5,338,126
Sepracor, Inc.*^	8,700		127,542
Sucampo Pharmaceuticals, Inc., Class A*	700		4,291
Teva Pharmaceutical Industries Ltd. (ADR)^	12,700		572,135
Valeant Pharmaceuticals International*^	54,150		963,329
Vivus, Inc.*	5,600		24,192
Warner Chilcott Ltd., Class A*	7,400		77,848
Watson Pharmaceuticals, Inc.*	4,200		130,662
XenoPort, Inc.*^	2,200		42,592
			37,587,784
Total Health Care			135,201,436
Industrials (12.1%)
Aerospace & Defense (3.8%)
AAR Corp.*^	700		8,778
Aerovironment, Inc.*^	800		16,720
Alliant Techsystems, Inc.*^	1,200		80,376
American Science & Engineering, Inc.	700		39,060
Applied Signal Technology, Inc.^	300		6,069
Argon ST, Inc.*^	900		17,073
Ascent Solar Technologies, Inc.*^	600		2,436
Axsys Technologies, Inc.*^	700		29,428
BE Aerospace, Inc.*^	7,500		65,025
Boeing Co.^	126,178		4,489,413
Curtiss-Wright Corp.^	3,100		86,955
DynCorp International, Inc., Class A*	100		1,333
Esterline Technologies Corp.*^	2,000		40,380
GenCorp, Inc.*^	4,600		9,752
General Dynamics Corp.	90,285		3,754,953
Goodrich Corp.	10,200		386,478
HEICO Corp.^	1,800		43,740
Herley Industries, Inc.*^	400		4,784
Hexcel Corp.*^	7,800		51,246
Honeywell International, Inc.	61,169		1,704,168
L-3 Communications Holdings, Inc.	83,715		5,675,878
LMI Aerospace, Inc.*^	400		2,896
Lockheed Martin Corp.	89,742		6,194,891
Moog, Inc., Class A*	400		9,148
Northrop Grumman Corp.	7,100		309,844
Orbital Sciences Corp.*	4,700		55,883
Precision Castparts Corp.	11,400		682,860
Raytheon Co.	11,736		457,000
Rockwell Collins, Inc.^	13,424		438,159
Stanley, Inc.*	700		17,773
Taser International, Inc.*	5,100		23,868
Teledyne Technologies, Inc.*^	2,900		77,372
TransDigm Group, Inc.*	2,700		88,668
Triumph Group, Inc.^	800		30,560
United Technologies Corp.	45,738		1,965,819
			26,868,786
Air Freight & Logistics (0.9%)
C.H. Robinson Worldwide, Inc.^	14,176		646,567
Dynamex, Inc.*	300		3,924
Expeditors International of Washington, Inc.	17,359		491,086
Forward Air Corp.^	2,300		37,329
Hub Group, Inc., Class A*	1,900		32,300
Pacer International, Inc.	1,100		3,850

24

AXA PREMIER VIP TRUST

MULTIMANAGER AGGRESSIVE EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Number of Shares	Value (Note 1)
United Parcel Service, Inc., Class B	113,739	$	5,598,234
UTi Worldwide, Inc.	7,300		87,235
			6,900,525
Airlines (0.1%)
AirTran Holdings, Inc.*^	4,900		22,295
Allegiant Travel Co.*^	900		40,914
AMR Corp.*^	11,400		36,366
Continental Airlines, Inc., Class B*	48,246		425,047
Copa Holdings S.A., Class A	1,800		51,606
Delta Air Lines, Inc.*	12,000		67,560
Hawaiian Holdings, Inc.*	3,000		11,190
UAL Corp.*^	4,800		21,504
			676,482
Building Products (0.0%)
AAON, Inc.^	1,100		19,932
American Woodmark Corp.	700		12,292
Ameron International Corp.^	200		10,532
Apogee Enterprises, Inc.^	1,200		13,176
China Architectural Engineering, Inc.*^	1,500		1,470
Insteel Industries, Inc.^	100		696
Lennox International, Inc.	3,800		100,548
Quanex Building Products Corp.	1,900		14,440
Trex Co., Inc.*	300		2,289
USG Corp.*^	3,000		22,830
			198,205
Commercial Services & Supplies (0.4%)
American Ecology Corp.	1,300		18,122
American Reprographics Co.*	3,000		10,620
Bowne & Co., Inc.	200		642
Brink’s Co.	3,300		87,318
Casella Waste Systems, Inc., Class A*^	1,000		1,710
Cenveo, Inc.*^	3,900		12,675
Clean Harbors, Inc.*^	1,600		76,800
Consolidated Graphics, Inc.*^	500		6,360
Copart, Inc.*^	5,100		151,266
Corrections Corp. of America*^	9,000		115,290
Covanta Holding Corp.*^	9,800		128,282
Deluxe Corp.	2,200		21,186
EnergySolutions, Inc.	2,700		23,355
EnerNOC, Inc.*^	100		1,454
Fuel Tech, Inc.*^	1,500		15,690
GEO Group, Inc.*^	4,100		54,325
GeoEye, Inc.*^	100		1,975
Healthcare Services Group, Inc.^	3,500		52,395
Herman Miller, Inc.	2,500		26,650
HNI Corp.	300		3,120
ICT Group, Inc.*	300		1,671
Innerworkings, Inc.*	2,600		11,102
Interface, Inc., Class A	4,300		12,857
Iron Mountain, Inc.*^	14,500		321,465
Knoll, Inc.^	3,500		21,455
McGrath RentCorp^	1,300		20,488
Metalico, Inc.*^	2,000		3,400
Mine Safety Appliances Co.^	900		18,018
Mobile Mini, Inc.*^	2,300		26,496
Multi-Color Corp.	800		9,784
Pitney Bowes, Inc.	15,200		354,920
PRG-Schultz International, Inc.*	1,200		3,408
Protection One, Inc.*	500		1,595
Republic Services, Inc.	11,600		198,940
Rollins, Inc.^	3,400		58,310
Standard Parking Corp.*	500		8,200
Standard Register Co.^	400		1,832
Stericycle, Inc.*^	7,000		334,110
Sykes Enterprises, Inc.*	2,700		44,901
Team, Inc.*^	1,500		17,580
Tetra Tech, Inc.*^	4,800		97,824
Waste Connections, Inc.*	6,500		167,050
Waste Management, Inc.	11,300		289,280
			2,833,921
Construction & Engineering (1.7%)
Aecom Technology Corp.*^	7,400		192,992
EMCOR Group, Inc.*^	2,100		36,057
Fluor Corp.	18,585		642,112
Foster Wheeler AG*	95,050		1,660,524
Furmanite Corp.*	2,200		6,842
Integrated Electrical Services, Inc.*	100		912
Jacobs Engineering Group, Inc.*	9,900		382,734
KBR, Inc.	11,200		154,672
Layne Christensen Co.*^	300		4,821
MasTec, Inc.*	3,100		37,479
Michael Baker Corp.*	100		2,600
Orion Marine Group, Inc.*^	1,800		23,580
Perini Corp.*^	1,700		20,910
Pike Electric Corp.*^	400		3,700
Quanta Services, Inc.*^	181,432		3,891,716
Shaw Group, Inc.*	158,762		4,351,666
Sterling Construction Co., Inc.*^	600		10,704
URS Corp.*^	25,564		1,033,041
			12,457,062
Electrical Equipment (0.6%)
Acuity Brands, Inc.^	2,900		65,366
Advanced Battery Technologies, Inc.*	3,600		7,704
Akeena Solar, Inc.*	1,700		1,904
American Superconductor Corp.*^	3,400		58,854
AMETEK, Inc.^	8,700		272,049
AZZ, Inc.*^	400		10,556
Baldor Electric Co.^	24,700		357,903
Beacon Power Corp.*	7,900		3,713
Belden, Inc.	1,100		13,761
Capstone Turbine Corp.*	14,100		10,152
China BAK Battery, Inc.*	2,100		3,591
Coleman Cable, Inc.*^	500		1,065
Cooper Industries Ltd., Class A	10,700		276,702
Emerson Electric Co.	64,397		1,840,466
Ener1, Inc.*^	3,300		17,061
Energy Conversion Devices, Inc.*^	3,700		49,099
EnerSys*	700		8,484
Evergreen Solar, Inc.*^	11,600		24,708
First Solar, Inc.*^	3,700		490,990
Franklin Electric Co., Inc.	1,100		24,343
FuelCell Energy, Inc.*	5,600		13,440
Fushi Copperweld, Inc.*^	1,200		5,760
General Cable Corp.*^	4,300		85,226
GrafTech International Ltd.*	8,000		49,280
GT Solar International, Inc.*	1,700		11,288
Harbin Electric, Inc.*	600		3,690
Hubbell, Inc., Class B	2,000		53,920
II-VI, Inc.*	2,000		34,360
LaBarge, Inc.*^	900		7,533
Medis Technologies Ltd.*	2,400		1,056
Microvision, Inc.*	5,500		7,095
Orion Energy Systems, Inc.*	600		2,646
Polypore International, Inc.*	1,300		5,226
Powell Industries, Inc.*^	600		21,186
Power-One, Inc.*	400		352
PowerSecure International, Inc.*	1,400		4,788
Rockwell Automation, Inc.^	11,900		259,896
Roper Industries, Inc.^	7,300		309,885
SunPower Corp., Class A*^	6,700		159,326

25

AXA PREMIER VIP TRUST

MULTIMANAGER AGGRESSIVE EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Number of Shares	Value (Note 1)
Ultralife Corp.*	1,000	$	7,730
Valence Technology, Inc.*^	3,300		7,029
Vicor Corp.	1,600		7,824
Woodward Governor Co.^	3,800		42,484
			4,639,491
Industrial Conglomerates (0.8%)
3M Co.	58,005		2,884,008
Carlisle Cos., Inc.^	500		9,815
McDermott International, Inc.*	18,400		246,376
Raven Industries, Inc.	1,300		27,014
Textron, Inc.	20,200		115,948
Tyco International Ltd.	141,685		2,771,359
			6,054,520
Machinery (1.8%)
3D Systems Corp.*	1,300		8,567
Actuant Corp., Class A^	4,100		42,353
AGCO Corp.*	5,400		105,840
Altra Holdings, Inc.*	2,100		8,148
American Railcar Industries, Inc.	600		4,578
Ampco-Pittsburgh Corp.	500		6,630
Astec Industries, Inc.*^	1,400		36,722
Badger Meter, Inc.^	1,100		31,779
Barnes Group, Inc.^	3,900		41,691
Bucyrus International, Inc.	6,100		92,598
Caterpillar, Inc.^	152,387		4,260,742
Chart Industries, Inc.*^	2,300		18,124
China Fire & Security Group, Inc.*^	1,100		8,646
CIRCOR International, Inc.^	1,200		27,024
CLARCOR, Inc.	2,500		62,975
Colfax Corp.*	1,700		11,679
Columbus McKinnon Corp.*^	200		1,744
Cummins, Inc.	16,500		419,925
Danaher Corp.	14,858		805,601
Deere & Co.	35,614		1,170,632
Donaldson Co., Inc.^	6,300		169,092
Dover Corp.	13,900		366,682
Dynamic Materials Corp.^	1,000		9,160
Eaton Corp.	6,000		221,160
Energy Recovery, Inc.*^	800		6,080
EnPro Industries, Inc.*^	200		3,420
ESCO Technologies, Inc.*^	2,100		81,270
Flanders Corp.*	1,300		5,252
Flow International Corp.*^	3,100		5,022
Flowserve Corp.	2,100		117,852
Force Protection, Inc.*	3,200		15,360
FreightCar America, Inc.	100		1,753
Gorman-Rupp Co.^	1,200		23,760
Graco, Inc.^	4,900		83,643
Graham Corp.	800		7,176
Harsco Corp.^	6,800		150,756
IDEX Corp.^	5,900		129,033
Illinois Tool Works, Inc.	1,900		58,615
Ingersoll-Rand Co., Ltd., Class A	4,400		60,720
ITT Corp.	11,200		430,864
John Bean Technologies Corp.	2,200		23,012
Joy Global, Inc.	8,300		176,790
Kaydon Corp.^	2,800		76,524
Kennametal, Inc.	1,300		21,073
Key Technology, Inc.*^	400		3,520
K-Tron International, Inc.*	200		12,134
Lincoln Electric Holdings, Inc.^	2,400		76,056
Lindsay Corp.^	1,000		27,000
Manitowoc Co., Inc.	10,600		34,662
Met-Pro Corp.	1,200		9,780
Middleby Corp.*	1,500		48,645
Mueller Industries, Inc.	200		4,338
NN, Inc.^	1,100		1,386
Nordson Corp.^	2,700		76,761
Omega Flex, Inc.^	300		4,833
Oshkosh Corp.^	4,200		28,308
PACCAR, Inc.^	43,229		1,113,579
Pall Corp.	69,145		1,412,632
Parker Hannifin Corp.	13,651		463,861
PMFG, Inc.*^	1,100		8,668
RBC Bearings, Inc.*	1,800		27,504
Robbins & Myers, Inc.	1,300		19,721
Sauer-Danfoss, Inc.	800		1,952
SPX Corp.^	3,888		182,775
Sun Hydraulics Corp.^	900		13,149
Tennant Co.	1,300		12,181
Thermadyne Holdings Corp.*	200		424
Timken Co.	300		4,188
Titan International, Inc.^	2,800		14,084
Toro Co.^	2,900		70,122
Twin Disc, Inc.	100		692
Valmont Industries, Inc.^	1,500		75,315
Wabtec Corp.^	3,400		89,692
Xerium Technologies, Inc.*^	1,700		1,139
			13,249,168
Marine (0.0%)
American Commercial Lines, Inc.*	2,900		9,193
Eagle Bulk Shipping, Inc.^	3,800		16,150
Genco Shipping & Trading Ltd.^	2,000		24,680
Horizon Lines, Inc., Class A^	2,400		7,272
Kirby Corp.*^	4,400		117,216
TBS International Ltd., Class A*	900		6,615
			181,126
Professional Services (0.2%)
Administaff, Inc.^	1,700		35,921
Advisory Board Co.*	1,300		21,554
CBIZ, Inc.*^	3,600		25,092
CDI Corp.	100		972
Corporate Executive Board Co.	2,800		40,600
CoStar Group, Inc.*^	1,600		48,400
CRA International, Inc.*^	600		11,328
Duff & Phelps Corp., Class A*^	900		14,175
Dun & Bradstreet Corp.	3,200		246,400
Equifax, Inc.	5,600		136,920
Exponent, Inc.*	800		20,264
FTI Consulting, Inc.*^	4,100		202,868
Hill International, Inc.*	1,900		5,776
Hudson Highland Group, Inc.*	1,700		1,887
Huron Consulting Group, Inc.*^	1,700		72,131
Kforce, Inc.*^	300		2,109
Korn/Ferry International*	300		2,718
LECG Corp.*	700		1,778
Manpower, Inc.	500		15,765
Monster Worldwide, Inc.*^	9,700		79,055
Navigant Consulting, Inc.*^	3,900		50,973
Odyssey Marine Exploration, Inc.*^	3,400		11,526
Resources Connection, Inc.*^	3,700		55,796
Robert Half International, Inc.^	11,600		206,828
Spherion Corp.*	2,100		4,368
TrueBlue, Inc.*	300		2,475
VSE Corp.^	300		8,010
Watson Wyatt Worldwide, Inc., Class A^	2,300		113,551
			1,439,240
Road & Rail (1.7%)
Burlington Northern Santa Fe Corp.	23,248		1,398,367
Con-way, Inc.^	600		10,758
CSX Corp.	33,532		866,802

26

AXA PREMIER VIP TRUST

MULTIMANAGER AGGRESSIVE EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Number of Shares	Value (Note 1)
Genesee & Wyoming, Inc., Class A*	1,800	$	38,250
Heartland Express, Inc.^	2,800		41,468
Hertz Global Holdings, Inc.*^	1,400		5,502
J.B. Hunt Transport Services, Inc.^	6,600		159,126
Kansas City Southern*	6,000		76,260
Knight Transportation, Inc.^	4,600		69,736
Landstar System, Inc.	4,300		143,921
Norfolk Southern Corp.	92,265		3,113,944
Old Dominion Freight Line, Inc.*^	1,600		37,584
Ryder System, Inc.	1,500		42,465
Union Pacific Corp.^	158,217		6,504,301
Universal Truckload Services, Inc.^	100		1,434
			12,509,918
Trading Companies & Distributors (0.1%)
Aceto Corp.^	100		596
Applied Industrial Technologies, Inc.^	1,000		16,870
Beacon Roofing Supply, Inc.*	1,700		22,763
DXP Enterprises, Inc.*	600		6,198
Fastenal Co.^	10,500		337,628
GATX Corp.^	400		8,092
Houston Wire & Cable Co.	1,400		10,850
Kaman Corp.	100		1,254
MSC Industrial Direct Co., Class A^	3,600		111,852
RSC Holdings, Inc.*^	3,900		20,514
TAL International Group, Inc.^	300		2,196
Textainer Group Holdings Ltd.	300		2,025
Titan Machinery, Inc.*	600		5,394
W.W. Grainger, Inc.^	6,227		437,010
Watsco, Inc.^	1,000		34,030
WESCO International, Inc.*	2,500		45,300
			1,062,572
Transportation Infrastructure (0.0%)
CAI International, Inc.*	400		1,132
Total Industrials			89,072,148
Information Technology (27.3%)
Communications Equipment (4.9%)
Acme Packet, Inc.*	2,000		12,140
ADTRAN, Inc.^	2,600		42,146
Airvana, Inc.*	1,800		10,530
Arris Group, Inc.*^	27,371		201,724
Aruba Networks, Inc.*^	4,200		13,188
Avanex Corp.*	1,100		1,925
Bel Fuse, Inc., Class B	100		1,344
BigBand Networks, Inc.*	2,700		17,685
Blue Coat Systems, Inc.*^	2,700		32,427
Brocade Communications Systems, Inc.*	4,300		14,835
Ciena Corp.*^	7,100		55,238
Cisco Systems, Inc.*	737,380		12,365,863
Cogo Group, Inc.*	1,900		12,692
CommScope, Inc.*^	5,700		64,752
Comtech Telecommunications Corp.*	2,000		49,540
Corning, Inc.	129,919		1,724,025
DG FastChannel, Inc.*	1,300		24,401
Digi International, Inc.*	400		3,068
EchoStar Corp., Class A*^	200		2,966
F5 Networks, Inc.*^	6,600		138,270
Finisar Corp.*	32,000		14,080
Globecomm Systems, Inc.*	1,100		6,369
Harmonic, Inc.*	3,400		22,100
Harris Corp.	11,300		327,022
Hughes Communications, Inc.*^	600		7,218
Infinera Corp.*^	7,500		55,500
InterDigital, Inc.*	3,700		95,534
Ixia*	2,100		10,857
JDS Uniphase Corp.*	9,100		29,575
Juniper Networks, Inc.*^	142,420		2,144,845
NETGEAR, Inc.*	500		6,025
Neutral Tandem, Inc.*^	1,400		34,454
Nextwave Wireless, Inc.*	3,900		624
Nokia Oyj (ADR)	319,030		3,723,080
Oplink Communications, Inc.*	600		4,620
Opnext, Inc.*	900		1,539
Orbcomm, Inc.*^	2,100		3,087
Palm, Inc.*^	7,400		63,788
Parkervision, Inc.*^	1,900		3,211
PC-Tel, Inc.^	1,000		4,300
Polycom, Inc.*^	6,600		101,574
QUALCOMM, Inc.^	370,556		14,418,334
Riverbed Technology, Inc.*^	4,600		60,168
ShoreTel, Inc.*^	3,000		12,930
Sonus Networks, Inc.*	16,500		25,905
Starent Networks Corp.*^	2,400		37,944
Sycamore Networks, Inc.*^	1,700		4,539
Tekelec*	600		7,938
UTStarcom, Inc.*	500		390
ViaSat, Inc.*	400		8,328
			36,024,637
Computers & Peripherals (6.4%)
3PAR, Inc.*	2,200		14,454
Apple, Inc.*	147,035		15,456,320
Compellent Technologies, Inc.*	1,100		11,935
Cray, Inc.*	700		2,450
Data Domain, Inc.*^	2,700		33,939
Dell, Inc.*	149,871		1,420,777
Diebold, Inc.	4,500		96,075
EMC Corp.*	489,972		5,585,681
Hewlett-Packard Co.	202,751		6,500,197
Hypercom Corp.*^	3,200		3,072
Immersion Corp.*^	1,200		3,516
Intermec, Inc.*^	5,000		52,000
International Business Machines Corp.	130,752		12,668,561
Isilon Systems, Inc.*	2,000		4,400
NCR Corp.*	11,500		91,425
NetApp, Inc.*	110,515		1,640,043
Netezza Corp.*	3,200		21,760
Novatel Wireless, Inc.*^	1,100		6,182
Presstek, Inc.*	2,200		4,554
Quantum Corp.*	9,400		6,298
Rackable Systems, Inc.*	300		1,218
SanDisk Corp.*^	99,755		1,261,901
Seagate Technology	160,325		963,553
STEC, Inc.*	2,500		18,425
Stratasys, Inc.*	1,700		14,059
Super Micro Computer, Inc.*	1,600		7,872
Synaptics, Inc.*^	2,800		74,928
Teradata Corp.*	7,100		115,162
Western Digital Corp.*	18,000		348,120
			46,428,877
Electronic Equipment, Instruments & Components (0.9%)
Agilent Technologies, Inc.*	27,871		428,377
Amphenol Corp., Class A	14,658		417,606
Anixter International, Inc.*	200		6,336
Arrow Electronics, Inc.*	700		13,342
Avnet, Inc.*	5,300		92,803
AVX Corp.^	300		2,724
Benchmark Electronics, Inc.*	1,000		11,200
China Security & Surveillance Technology, Inc.*^	2,300		8,832
Cogent, Inc.*^	1,900		22,610

27

AXA PREMIER VIP TRUST

MULTIMANAGER AGGRESSIVE EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Number of Shares	Value (Note 1)
Cognex Corp.	3,200	$	42,720
Comverge, Inc.*	1,700		11,815
CPI International, Inc.*	100		940
Daktronics, Inc.^	2,700		17,685
Dolby Laboratories, Inc., Class A*^	32,000		1,091,520
DTS, Inc.*^	1,400		33,684
Echelon Corp.*^	2,400		19,416
Elixir Gaming Technologies, Inc.*	5,500		605
FARO Technologies, Inc.*	1,400		18,816
FLIR Systems, Inc.*^	11,100		227,328
ICx Technologies, Inc.*	600		2,430
IPG Photonics Corp.*^	1,600		13,472
Itron, Inc.*^	20,295		960,968
Jabil Circuit, Inc.	8,200		45,592
L-1 Identity Solutions, Inc.*	700		3,577
Littelfuse, Inc.*	800		8,792
Maxwell Technologies, Inc.*	1,500		10,425
Mettler-Toledo International, Inc.*^	2,800		143,724
Molex, Inc.^	3,100		42,594
MTS Systems Corp.	500		11,375
Multi-Fineline Electronix, Inc.*^	600		10,104
National Instruments Corp.^	4,600		85,790
OSI Systems, Inc.*	1,000		15,260
Park Electrochemical Corp.^	1,300		22,464
PC Mall, Inc.*	700		3,178
Plexus Corp.*	3,000		41,460
Rofin-Sinar Technologies, Inc.*^	2,400		38,688
Sanmina-SCI Corp.*	13,400		4,087
Scansource, Inc.*^	1,600		29,728
Tech Data Corp.*^	600		13,068
Technitrol, Inc.^	200		342
Trimble Navigation Ltd.*^	42,850		654,748
TTM Technologies, Inc.*	400		2,320
Tyco Electronics Ltd.	157,980		1,744,100
Universal Display Corp.*^	2,300		21,091
			6,397,736
Internet Software & Services (3.4%)
Akamai Technologies, Inc.*^	13,700		265,780
Art Technology Group, Inc.*	10,500		26,775
AsiaInfo Holdings, Inc.*^	2,800		47,180
Bankrate, Inc.*^	1,000		24,950
Chordiant Software, Inc.*	2,400		7,272
comScore, Inc.*^	1,500		18,135
Constant Contact, Inc.*	1,600		22,384
DealerTrack Holdings, Inc.*	2,400		31,440
Dice Holdings, Inc.*	1,300		3,614
Digital River, Inc.*^	3,000		89,460
DivX, Inc.*	2,200		11,066
EarthLink, Inc.*^	8,900		58,473
eBay, Inc.*	91,737		1,152,217
Equinix, Inc.*^	13,415		753,252
Google, Inc., Class A*	42,494		14,790,461
GSI Commerce, Inc.*^	1,900		24,890
HSW International, Inc.*	1,000		165
IAC/InterActiveCorp*	1,000		15,230
InfoSpace, Inc.*^	1,600		8,320
Internap Network Services Corp.*^	2,100		5,649
Internet Brands, Inc., Class A*^	800		4,696
Internet Capital Group, Inc.*	1,900		7,657
j2 Global Communications, Inc.*^	3,600		78,804
Keynote Systems, Inc.*	200		1,586
Knot, Inc.*^	2,300		18,860
Limelight Networks, Inc.*	1,300		4,355
Liquidity Services, Inc.*^	1,200		8,388
LoopNet, Inc.*	2,400		14,592
Marchex, Inc., Class B	1,900		6,536
MercadoLibre, Inc.*^	33,300		617,715
Move, Inc.*^	793,970		1,151,257
NIC, Inc.	3,200		16,640
Omniture, Inc.*^	5,100		67,269
Rackspace Hosting, Inc.*^	1,000		7,490
RealNetworks, Inc.*^	2,800		6,524
S1 Corp.*	2,900		14,935
SAVVIS, Inc.*	3,000		18,570
Sohu.com, Inc.*	2,300		95,013
SonicWALL, Inc.*^	500		2,230
SupportSoft, Inc.*	2,600		4,992
Switch & Data Facilities Co., Inc.*^	1,700		14,909
TechTarget, Inc.*	1,100		2,640
Terremark Worldwide, Inc.*^	4,300		11,567
TheStreet.com, Inc.^	900		1,773
ValueClick, Inc.*	7,000		59,570
VeriSign, Inc.*^	15,800		298,146
Vignette Corp.*	1,100		7,348
VistaPrint Ltd.*^	3,600		98,964
Vocus, Inc.*^	1,300		17,277
Web.com Group, Inc.*	500		1,660
WebMD Health Corp., Class A*	600		13,380
Websense, Inc.*	3,300		39,600
Yahoo!, Inc.*	399,200		5,113,752
			25,185,408
IT Services (3.4%)
Accenture Ltd., Class A	49,294		1,355,092
Affiliated Computer Services, Inc., Class A*	2,000		95,780
Alliance Data Systems Corp.*^	4,680		172,926
Automatic Data Processing, Inc.	42,794		1,504,637
Broadridge Financial Solutions, Inc.	11,400		212,154
CACI International, Inc., Class A*	500		18,245
Cass Information Systems, Inc.^	500		16,215
China Information Security Technology, Inc.*	1,900		6,004
Cognizant Technology Solutions Corp., Class A*^	23,600		490,644
CSG Systems International, Inc.*^	1,500		21,420
Cybersource Corp.*^	5,600		82,936
DST Systems, Inc.*	2,700		93,474
ExlService Holdings, Inc.*	1,200		10,344
Fidelity National Information Services, Inc.	3,600		65,520
Fiserv, Inc.*	13,342		486,449
Forrester Research, Inc.*^	1,300		26,728
Gartner, Inc.*^	4,800		52,848
Genpact Ltd.*	4,700		41,642
Global Cash Access Holdings, Inc.*^	2,000		7,640
Global Payments, Inc.	6,500		217,165
Hackett Group, Inc.*^	3,300		6,666
Heartland Payment Systems, Inc.	2,000		13,220
Hewitt Associates, Inc., Class A*^	7,900		235,104
iGATE Corp.	1,800		5,832
Integral Systems, Inc.*	1,400		12,040
Lender Processing Services, Inc.	1,800		55,098
ManTech International Corp., Class A*	1,700		71,230
Mastercard, Inc., Class A^	36,618		6,132,783
MAXIMUS, Inc.^	200		7,972
Metavante Technologies, Inc.*	7,300		145,708
NCI, Inc., Class A*^	500		13,000
Ness Technologies, Inc.*	300		885
NeuStar, Inc., Class A*^	6,300		105,525
Online Resources Corp.*	2,300		9,683
Paychex, Inc.^	123,696		3,175,276

28

AXA PREMIER VIP TRUST

MULTIMANAGER AGGRESSIVE EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Number of Shares	Value (Note 1)
RightNow Technologies, Inc.*	2,300	$	17,411
Safeguard Scientifics, Inc.*^	800		440
SAIC, Inc.*	2,800		52,276
Sapient Corp.*	7,100		31,737
SRA International, Inc., Class A*^	1,800		26,460
Syntel, Inc.	1,000		20,580
TeleTech Holdings, Inc.*	3,000		32,670
TNS, Inc.*	1,800		14,724
Total System Services, Inc.	13,300		183,673
Unisys Corp.*^	15,900		8,427
VeriFone Holdings, Inc.*^	2,900		19,720
Virtusa Corp.*	500		3,100
Visa, Inc., Class A^	157,860		8,777,017
Western Union Co.^	61,385		771,609
Wright Express Corp.*^	3,000		54,660
			24,982,389
Office Electronics (0.0%)
Zebra Technologies Corp., Class A*^	4,900		93,198
Semiconductors & Semiconductor Equipment (3.4%)
Actel Corp.*^	100		1,012
Advanced Analogic Technologies, Inc.*	3,700		13,320
Advanced Energy Industries, Inc.*^	600		4,518
Advanced Micro Devices, Inc.*	187,280		571,204
Altera Corp.	25,049		439,610
Amkor Technology, Inc.*^	1,100		2,948
ANADIGICS, Inc.*	5,100		10,557
Analog Devices, Inc.	23,700		456,699
Applied Materials, Inc.	111,867		1,202,570
Applied Micro Circuits Corp.*	1,700		8,262
Asyst Technologies, Inc.*^	500		140
Atheros Communications, Inc.*^	4,800		70,368
Atmel Corp.*^	23,100		83,853
ATMI, Inc.*	2,600		40,118
AuthenTec, Inc.*	2,000		2,960
Broadcom Corp., Class A*^	239,645		4,788,107
Cabot Microelectronics Corp.*	1,900		45,657
Cavium Networks, Inc.*	2,500		28,850
CEVA, Inc.*	1,200		8,736
Cirrus Logic, Inc.*^	3,500		13,160
Cohu, Inc.	100		720
Cree, Inc.*^	42,595		1,002,260
Cymer, Inc.*	600		13,356
Cypress Semiconductor Corp.*	12,200		82,594
Diodes, Inc.*^	2,300		24,403
DSP Group, Inc.*	24,930		107,698
Emcore Corp.*	6,000		4,500
Entegris, Inc.*	600		516
Entropic Communications, Inc.*	700		518
Exar Corp.*^	300		1,872
FormFactor, Inc.*	2,400		43,248
Hittite Microwave Corp.*^	1,600		49,920
Integrated Device Technology, Inc.*	6,300		28,665
Intel Corp.	467,625		7,037,756
International Rectifier Corp.*	1,300		17,563
Intersil Corp., Class A^	3,400		39,100
IXYS Corp.	1,500		12,090
KLA-Tencor Corp.	12,900		258,000
Kopin Corp.*	600		1,392
Kulicke & Soffa Industries, Inc.*	4,900		12,838
Lam Research Corp.*^	37,140		845,678
Lattice Semiconductor Corp.*	4,700		6,486
Linear Technology Corp.^	18,542		426,095
LSI Corp.*	39,200		119,168
LTX-Credence Corp.*^	500		140
Marvell Technology Group Ltd.*	39,400		360,904
MEMC Electronic Materials, Inc.*	18,500		305,065
Micrel, Inc.	4,000		28,160
Microchip Technology, Inc.^	15,000		317,850
Micron Technology, Inc.*^	7,700		31,262
Microsemi Corp.*^	6,700		77,720
Microtune, Inc.*^	4,400		8,008
MIPS Technologies, Inc.*	400		1,172
MKS Instruments, Inc.*	200		2,934
Monolithic Power Systems, Inc.*	2,100		32,550
National Semiconductor Corp.^	18,600		191,022
Netlogic Microsystems, Inc.*^	38,253		1,051,192
Novellus Systems, Inc.*	2,400		39,912
NVE Corp.*^	400		11,524
NVIDIA Corp.*	46,315		456,666
OmniVision Technologies, Inc.*	400		2,688
ON Semiconductor Corp.*^	33,100		129,090
Pericom Semiconductor Corp.*^	1,800		13,158
PLX Technology, Inc.*	2,200		4,774
PMC-Sierra, Inc.*^	10,500		66,990
Power Integrations, Inc.^	2,500		43,000
Rambus, Inc.*	8,500		80,410
Rubicon Technology, Inc.*	1,100		5,841
Rudolph Technologies, Inc.*	300		909
Semitool, Inc.*	1,500		4,170
Semtech Corp.*	4,700		62,745
Sigma Designs, Inc.*^	1,800		22,392
Silicon Image, Inc.*	5,900		14,160
Silicon Laboratories, Inc.*^	41,061		1,084,010
Skyworks Solutions, Inc.*^	8,900		71,734
Spansion, Inc., Class A*^	1,000		130
Standard Microsystems Corp.*^	1,000		18,600
Supertex, Inc.*	900		20,790
Techwell, Inc.*	1,200		7,572
Teradyne, Inc.*	8,700		38,106
Tessera Technologies, Inc.*	3,900		52,143
Texas Instruments, Inc.	109,107		1,801,357
Trident Microsystems, Inc.*^	2,000		2,920
Ultratech, Inc.*	1,900		23,731
Varian Semiconductor Equipment Associates, Inc.*^	6,000		129,960
Veeco Instruments, Inc.*	2,200		14,674
Volterra Semiconductor Corp.*^	2,100		17,724
Xilinx, Inc.	22,700		434,932
			25,013,876
Software (4.9%)
ACI Worldwide, Inc.*^	2,800		52,500
Activision Blizzard, Inc.*	127,551		1,334,183
Actuate Corp.*	4,900		14,994
Adobe Systems, Inc.*	44,022		941,631
Advent Software, Inc.*^	1,400		46,634
Amdocs Ltd.*	6,700		124,084
American Software, Inc., Class A	1,200		6,324
ANSYS, Inc.*^	6,900		173,190
ArcSight, Inc.*	600		7,662
Ariba, Inc.*^	6,000		52,380
Autodesk, Inc.*	71,345		1,199,309
Blackbaud, Inc.	3,400		39,474
Blackboard, Inc.*^	2,500		79,350
BMC Software, Inc.*	15,912		525,096
CA, Inc.	14,700		258,867
Callidus Software, Inc.*^	2,400		6,960
Citrix Systems, Inc.*^	14,900		337,336
Commvault Systems, Inc.*	3,500		38,395
Compuware Corp.*	11,700		77,103
Concur Technologies, Inc.*^	3,500		67,165

29

AXA PREMIER VIP TRUST

MULTIMANAGER AGGRESSIVE EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Number of Shares	Value (Note 1)
Deltek, Inc.*	900	$	3,897
DemandTec, Inc.*^	1,700		14,875
Digimarc Corp.*^	500		4,860
Double-Take Software, Inc.*^	1,400		9,464
Ebix, Inc.*	500		12,425
Electronic Arts, Inc.*	26,000		472,940
Entrust, Inc.*^	5,000		7,550
EPIQ Systems, Inc.*^	1,900		34,257
FactSet Research Systems, Inc.^	3,500		174,965
FalconStor Software, Inc.*	3,100		7,409
Guidance Software, Inc.*	800		3,264
Informatica Corp.*	7,200		95,472
Interactive Intelligence, Inc.*	1,100		9,966
Intuit, Inc.*^	26,648		719,496
Jack Henry & Associates, Inc.	5,600		91,392
JDA Software Group, Inc.*	100		1,155
Kenexa Corp.*	1,400		7,546
Lawson Software, Inc.*	9,600		40,800
Macrovision Solutions Corp.*	500		8,895
Magma Design Automation, Inc.*^	3,600		2,700
Manhattan Associates, Inc.*^	2,000		34,640
McAfee, Inc.*^	11,385		381,398
Mentor Graphics Corp.*	500		2,220
Micros Systems, Inc.*^	6,600		123,750
Microsoft Corp.^	899,269		16,519,571
MicroStrategy, Inc., Class A*	700		23,933
Midway Games, Inc.*	900		68
Monotype Imaging Holdings, Inc.*	900		3,366
Net 1 UEPS Technologies, Inc.*	4,000		60,840
NetScout Systems, Inc.*	2,000		14,320
NetSuite, Inc.*^	600		6,756
Novell, Inc.*	12,900		54,954
Nuance Communications, Inc.*^	105,612		1,146,946
OpenTV Corp., Class A*	700		1,057
Opnet Technologies, Inc.*	1,000		8,670
Oracle Corp.*	320,327		5,788,308
Parametric Technology Corp.*	8,900		88,822
Pegasystems, Inc.	1,200		22,284
Phoenix Technologies Ltd.*^	2,200		3,564
Progress Software Corp.*	3,100		53,816
PROS Holdings, Inc.*	1,000		4,650
QAD, Inc.^	1,000		2,530
Quality Systems, Inc.^	1,400		63,350
Radiant Systems, Inc.*^	2,200		9,702
Red Hat, Inc.*	76,125		1,358,070
Renaissance Learning, Inc.	800		7,176
Salesforce.com, Inc.*	41,082		1,344,614
Shanda Interactive Entertainment Ltd. (ADR)*^	19,273		761,862
Smith Micro Software, Inc.*^	2,100		10,983
Solera Holdings, Inc.*^	4,852		120,233
Sonic Solutions, Inc.*	1,100		1,320
Sourcefire, Inc.*	1,300		9,464
SPSS, Inc.*^	1,400		39,802
SuccessFactors, Inc.*	2,000		15,260
Sybase, Inc.*^	5,400		163,566
Symyx Technologies, Inc.*	1,400		6,230
Synchronoss Technologies, Inc.*^	1,700		20,842
Take-Two Interactive Software, Inc.*	6,200		51,770
Taleo Corp., Class A*	2,100		24,822
TeleCommunication Systems, Inc., Class A*	2,700		24,759
THQ, Inc.*^	3,700		11,248
TiVo, Inc.*	8,300		58,432
Tyler Technologies, Inc.*^	3,100		45,353
Ultimate Software Group, Inc.*^	2,000		34,520
Unica Corp.*	1,100		5,313
VASCO Data Security International, Inc.*	2,200		12,694
VMware, Inc., Class A*^	3,400		80,308
Wind River Systems, Inc.*^	29,450		188,480
			35,922,601
Total Information Technology			200,048,722
Materials (3.8%)
Chemicals (2.9%)
Air Products & Chemicals, Inc.	25,034		1,408,163
Airgas, Inc.	6,700		226,527
Albemarle Corp.	7,400		161,098
American Vanguard Corp.	1,400		18,060
Arch Chemicals, Inc.	700		13,272
Ashland, Inc.^	500		5,165
Balchem Corp.^	1,500		37,695
Calgon Carbon Corp.*	4,400		62,348
Celanese Corp., Class A	10,100		135,037
CF Industries Holdings, Inc.	4,027		286,441
Ecolab, Inc.	14,200		493,166
Ferro Corp.^	3,100		4,433
Flotek Industries, Inc.*^	1,800		2,826
FMC Corp.	2,300		99,222
GenTek, Inc.*	600		10,494
Huntsman Corp.	1,400		4,382
ICO, Inc.*	900		1,854
Innophos Holdings, Inc.	400		4,512
Innospec, Inc.	1,200		4,524
International Flavors & Fragrances, Inc.	6,500		197,990
Intrepid Potash, Inc.*^	1,600		29,520
Koppers Holdings, Inc.	100		1,452
Landec Corp.*	1,900		10,583
LSB Industries, Inc.*	900		8,901
Minerals Technologies, Inc.^	700		22,435
Monsanto Co.	140,341		11,662,336
Mosaic Co.	12,918		542,298
Nalco Holding Co.^	10,600		138,542
NewMarket Corp.	1,100		48,730
NL Industries, Inc.^	300		3,000
Potash Corp. of Saskatchewan, Inc.^	28,441		2,298,317
PPG Industries, Inc.	1,500		55,350
Praxair, Inc.	25,830		1,738,101
Quaker Chemical Corp.	700		5,558
Rohm & Haas Co.	9,291		732,502
Scotts Miracle-Gro Co., Class A^	2,800		97,160
ShengdaTech, Inc.*^	2,400		7,440
Sigma-Aldrich Corp.^	5,500		207,845
Sociedad Quimica y Minera de Chile S.A. (ADR)	25,000		664,000
Solutia, Inc.*^	5,900		11,033
Stepan Co.	200		5,460
Terra Industries, Inc.	8,300		233,147
Valhi, Inc.^	200		1,876
W.R. Grace & Co.*^	4,500		28,440
Zep, Inc.^	1,700		17,391
Zoltek Cos., Inc.*^	2,200		14,982
			21,763,608
Construction Materials (0.1%)
Eagle Materials, Inc.^	3,100		75,175
Headwaters, Inc.*^	500		1,570
Martin Marietta Materials, Inc.^	3,100		245,830
Texas Industries, Inc.	1,900		47,500

30

AXA PREMIER VIP TRUST

MULTIMANAGER AGGRESSIVE EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Number of Shares	Value (Note 1)
United States Lime & Minerals, Inc.*^	100	$	2,736
			372,811
Containers & Packaging (0.1%)
AEP Industries, Inc.*^	400		6,108
AptarGroup, Inc.^	1,000		31,140
Ball Corp.	1,200		52,080
Bway Holding Co.*	500		3,945
Crown Holdings, Inc.*	13,000		295,490
Graphic Packaging Holding Co.*^	11,700		10,179
Greif, Inc., Class A	2,700		89,883
Myers Industries, Inc.	1,300		7,982
Owens-Illinois, Inc.*	3,900		56,316
Packaging Corp. of America	2,000		26,040
Rock-Tenn Co., Class A	1,200		32,460
Silgan Holdings, Inc.	1,000		52,540
			664,163
Metals & Mining (0.7%)
AK Steel Holding Corp.^	9,100		64,792
Alcoa, Inc.^	60,966		447,490
Allegheny Technologies, Inc.^	8,200		179,826
Allied Nevada Gold Corp.*^	3,200		18,720
AMCOL International Corp.^	700		10,388
BHP Billiton plc (ADR)^	29,100		1,150,905
Carpenter Technology Corp.	200		2,824
Century Aluminum Co.*^	1,400		2,954
China Direct, Inc.*^	600		756
Cliffs Natural Resources, Inc.	9,200		167,072
Compass Minerals International, Inc.^	1,400		78,918
Freeport-McMoRan Copper & Gold, Inc.^	6,200		236,282
General Moly, Inc.*	4,100		4,346
General Steel Holdings, Inc.*^	900		2,367
Haynes International, Inc.*^	200		3,564
Newmont Mining Corp.	39,469		1,766,633
Nucor Corp.^	15,800		603,086
Olympic Steel, Inc.	600		9,102
Schnitzer Steel Industries, Inc., Class A	200		6,278
Southern Copper Corp.	17,900		311,818
Steel Dynamics, Inc.^	3,600		31,716
Stillwater Mining Co.*^	900		3,330
Sutor Technology Group Ltd.*^	300		420
Titanium Metals Corp.	1,300		7,111
United States Steel Corp.^	9,000		190,170
Universal Stainless & Alloy Products, Inc.*^	100		967
Worthington Industries, Inc.	900		7,839
			5,309,674
Paper & Forest Products (0.0%)
Clearwater Paper Corp.*	300		2,409
Deltic Timber Corp.^	900		35,469
			37,878
Total Materials			28,148,134
Telecommunication Services (0.4%)
Diversified Telecommunication Services (0.1%)
Alaska Communications Systems Group, Inc.	1,800		12,060
Cbeyond, Inc.*^	1,900		35,777
Cogent Communications Group, Inc.*^	3,600		25,920
Consolidated Communications Holdings, Inc.	700		7,182
Embarq Corp.	6,000		227,100
Frontier Communications Corp.	5,800		41,644
Global Crossing Ltd.*	700		4,900
Iowa Telecommunications Services, Inc.^	300		3,438
Level 3 Communications, Inc.*^	125,900		115,828
NTELOS Holdings Corp.	2,400		43,536
PAETEC Holding Corp.*^	7,500		10,800
Premiere Global Services, Inc.*	4,300		37,926
Qwest Communications International, Inc.^	60,700		207,594
Shenandoah Telecommunications Co.	1,700		38,760
tw telecom, Inc.*^	10,500		91,875
Vonage Holdings Corp.*	3,500		1,400
Windstream Corp.	18,100		145,886
			1,051,626
Wireless Telecommunication Services (0.3%)
American Tower Corp., Class A*	32,809		998,378
Centennial Communications Corp.*^	4,700		38,822
Clearwire Corp., Class A*^	4,900		25,235
Crown Castle International Corp.*^	4,700		95,927
ICO Global Communications Holdings Ltd.*	2,700		945
iPCS, Inc.*	400		3,884
Leap Wireless International, Inc.*^	400		13,948
MetroPCS Communications, Inc.*^	19,800		338,184
NII Holdings, Inc.*	13,600		204,000
SBA Communications Corp., Class A*^	9,500		221,350
Syniverse Holdings, Inc.*	2,000		31,520
Telephone & Data Systems, Inc.	3,600		95,436
TerreStar Corp.*	1,400		784
U.S. Cellular Corp.*	600		20,004
Virgin Mobile USA, Inc., Class A*	3,000		3,870
			2,092,287
Total Telecommunication Services			3,143,913
Utilities (0.9%)
Electric Utilities (0.5%)
Allegheny Energy, Inc.	13,600		315,112
DPL, Inc.^	700		15,778
Entergy Corp.	11,100		755,799
Exelon Corp.^	27,110		1,230,523
ITC Holdings Corp.^	15,220		663,896
NV Energy, Inc.	5,000		46,950
PPL Corp.	30,898		887,082
			3,915,140
Gas Utilities (0.1%)
Energen Corp.^	1,100		32,043
EQT Corp.^	10,600		332,098
Questar Corp.	5,300		155,979
			520,120
Independent Power Producers & Energy Traders (0.1%)
AES Corp.*	54,500		316,645
Calpine Corp.*	28,700		195,447
Constellation Energy Group, Inc.	14,800		305,768
Mirant Corp.*	8,100		92,340
NRG Energy, Inc.*	7,200		126,720
Ormat Technologies, Inc.	1,500		41,190
Synthesis Energy Systems, Inc.*	1,200		792
U.S. Geothermal, Inc.*	5,000		3,550
			1,082,452
Multi-Utilities (0.2%)
CenterPoint Energy, Inc.	16,900		176,267
Public Service Enterprise Group, Inc.	42,028		1,238,565
			1,414,832
Water Utilities (0.0%)
Cadiz, Inc.*	1,000		7,980
Consolidated Water Co., Inc.	1,200		13,020

31

AXA PREMIER VIP TRUST

MULTIMANAGER AGGRESSIVE EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Number of Shares		Value (Note 1)
SJW Corp.^		100	$	2,543
				23,543
Total Utilities				6,956,087
Total Common Stocks (98.5%) (Cost $896,706,947)				724,056,738
	Number of Warrants		Value (Note 1)
WARRANT:
Health Care (0.0%)
Biotechnology (0.0%)
Curis, Inc., expiring 10/14/09(b)*† (Cost $—)		48,100		—
	Principal Amount		Value (Note 1)
SHORT-TERM INVESTMENTS:
Government Securities (1.4%)
Federal Home Loan Bank
0.01%, 4/1/09 (o)(p)	$	9,900,000		9,899,997
U.S. Treasury Bills
0.18%, 6/11/09 #(p)		390,000		389,860
Total Government Securities				10,289,857
Short-Term Investments of Cash Collateral for Securities Loaned (14.0%)
Banco de Sabadell S.A.
1.17%, 4/23/09 (l)		5,470,000		5,470,000
BBVA Senior Finance S.A.
1.38%, 3/12/10 (l)		4,010,000		3,938,618
Deutsche Bank Securities, Inc., Repurchase Agreement
0.25%, 4/1/09 (r)(u)		51,603,500		51,603,500
General Electric Capital Corp.
0.40%, 3/12/10 (l)		730,000		690,024
K2 (USA) LLC
0.37%, 5/29/09 (l)		7,289,500		7,289,500
0.37%, 6/18/09 (l)		9,119,324		9,088,856
Lehman Brothers Holdings, Inc.
0.00%, 8/21/09 (h)(s)		4,559,970		547,196
Links Finance LLC
0.37%, 6/25/09 (l)		2,729,828		2,718,044
Monumental Global Funding II
0.43%, 5/26/10 (l)		8,570,000		7,284,501
Morgan Stanley
0.46%, 5/7/09 (l)		9,120,000		9,120,000
Pricoa Global Funding I
0.40%, 6/25/10 (l)		5,469,315		4,936,675
Total Short-Term Investments of Cash Collateral for Securities Loaned				102,686,914
Time Deposit (0.9%)
JPMorgan Chase Nassau
0.004%, 4/1/09		6,934,789		6,934,789
Total Short-Term Investments (16.3%) (Cost/Amortized Cost $125,896,078)				119,911,560
Total Investments (114.8%) (Cost/Amortized Cost $1,022,603,025)				843,968,298
Other Assets Less Liabilities (-14.8%)				(108,651,140	)
Net Assets (100%)			$	735,317,158

* Non-income producing.

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

† Securities (totaling $6 or 0.0% of net assets) at fair value.

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

(b) Illiquid Security.

(h) Security in default.

(l) Floating Rate Security. Rate disclosed is as of March 31, 2009.

(o) Discount Note Security. Effective rate calculated as of March 31, 2009.

(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.

(s) Issuer in bankruptcy.

(u) Represents the Portfolio’s undivided interest in a joint repurchase agreement. The repurchase agreement was fully collateralized by U.S. government agency securities at the date of this Portfolio of Investments as follows: Federal Home Loan Mortgage Corp., 0.000% – 7.500%, maturing 1/15/15 – 6/15/38; Federal National Mortgage Association, 5.000% – 7.000%, maturing 10/1/36 – 12/1/38.

Glossary:

ADR — American Depositary Receipt

32

AXA PREMIER VIP TRUST

MULTIMANAGER AGGRESSIVE EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

At March 31, 2009 the Portfolio had the following futures contracts open: (Note 1)

Purchases	Number of Contracts	Expiration Date	Original Value		Value at 3/31/2009		Unrealized Appreciation
NASDAQ 100 E-Mini Index	36	June-09	$	822,807	$	891,000	$	68,193
Russell 1000 Mini Index	14	June-09	$	577,183	$	604,450	$	27,267
Russell 2000 Mini Index	5	June-09	$	190,604	$	210,650	$	20,046
S&P 500 E-Mini Index	31	June-09	$	1,175,125	$	1,231,940	$	56,815
S&P MidCap 400 E-Mini Index	1	June-09	$	45,662	$	48,790	$	3,128
							$	175,449

Various inputs are used in determining the value of the Portfolio’s investments. These inputs are summarized in the three broad levels listed below:

• Level 1 - Quoted prices in active markets for identical securities

• Level 2 - Significant other observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)

• Level 3 - Significant unobservable inputs (including the Portfolio’s own assumptions in determining the fair value of investments)

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, money market securities are valued using amortized cost, in accordance with rules under the Investment Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active market, such securities are reflected as Level 2.

The following is a summary of the inputs used to value the Portfolio’s net assets as of March 31, 2009:

Description	Quoted Prices in Active Markets for Identical Securities (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Assets
Investments in Securities	$	722,931,733	$	121,036,559	$	6	$	843,968,298
Other Investments*		175,449		—		—		175,449
Total	$	723,107,182	$	121,036,559	$	6	$	844,143,747
Liabilities
Investments in Securities	$	—	$	—	$	—	$	—
Other Investments*		—		—		—		—
Total	$	—	$	—	$	—	$	—

Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:

	Investments in Securities		Other Investments*
Balance as of 12/31/08	$	—	$	—
Total gains or losses (realized/unrealized) included in earnings		6		—
Purchases, sales, issuances, and settlements (net)		—		—
Transfers in and/or out of Level 3		—		—
Balance as of 3/31/09	$	6	$	—
The amount of total gains or losses for the year included in earnings attributable to the change in unrealized gains or losses relating to assets and liabilities still held at period ending 3/31/09.	$	6	$	—

* Other investments are derivative instruments, such as futures, forwards and written options, which are valued at the unrealized appreciation/depreciation on the instrument.

33

AXA PREMIER VIP TRUST

MULTIMANAGER AGGRESSIVE EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

Investment security transactions for the three months ended March 31, 2009 were as follows:

Cost of Purchases:
Stocks and long-term corporate debt securities	$	333,954,715
Net Proceeds of Sales and Redemptions:
Stocks and long-term corporate debt securities	$	361,960,530
As of March 31, 2009, 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	$	—
Aggregate gross unrealized depreciation		(260,814,519	)
Net unrealized depreciation	$	(260,814,519	)
Federal income tax cost of investments	$	1,104,782,817

At March 31, 2009, the Portfolio had loaned securities with a total value of $107,323,895. This was secured by collateral of $108,671,437, which was received as cash and subsequently invested in short-term investments currently valued at $102,686,914, as reported in the portfolio of investments.

For the three months ended March 31, 2009, the Portfolio incurred approximately $1,113 as brokerage commissions with Sanford C. Bernstein & Co., Inc., an affiliated broker/dealer.

The Portfolio has a net capital loss carryforward of $960,635,594 of which $197,479,160 expires in the year 2010, $67,203,341 expires in the year 2011, and $695,953,093 expires in the year 2016.

See Notes to Portfolio of Investments.

34

AXA PREMIER VIP TRUST

MULTIMANAGER CORE BOND PORTFOLIO

PORTFOLIO OF INVESTMENTS

March 31, 2009 (Unaudited)

	Principal Amount		Value (Note 1)
LONG-TERM DEBT SECURITIES:
Asset-Backed and Mortgage-Backed Securities (6.9%)
Asset-Backed Securities (2.2%)
Aegis Asset Backed Securities Trust, Series 2006-1 A1
0.601%, 1/25/37(b)(l)	$	616,580	$	585,205
Ameriquest Mortgage Securities, Inc., Series 2004-R11 A1
0.824%, 11/25/34(b)(l)†		905,006		495,672
Amortizing Residential Collateral Trust, Series 2002-BC3M A
0.792%, 6/25/32(b)(l)		33,110		22,212
Asset Backed Funding Certificates, Series 2006-OPT3 A3A
0.582%, 11/25/36(b)(l)		524,170		483,155
Bank of America Credit Card Trust, Series 2008-A5 A5
1.756%, 12/16/13(l)		10,100,000		9,496,093
Capital One Multi-Asset Execution Trust, Series 2005-A7 A7
4.700%, 6/15/15		750,000		706,248
Cendant Mortgage Corp., Series 2003-A A1
5.987%, 7/25/43(l)§		58,934		56,092
Chase Issuance Trust, Series 2007-A17 A
5.120%, 10/15/14		4,200,000		4,226,122
Series 2008-A7 A7
1.206%, 11/15/11(l)		1,800,000		1,777,273
Series 2008-A9 A9
4.260%, 5/15/13		2,900,000		2,889,518
Citibank Credit Card Issuance Trust, Series 2003-A7 A7
4.150%, 7/7/17		600,000		540,959
Countrywide Asset-Backed Certificates, Series 2006-19 2A1
0.582%, 3/25/37(b)(l)		394,121		379,144
Daimler Chrysler Auto Trust, Series 2006-B A3
5.330%, 8/8/10		331,235		332,223
Series 2006-C A3
5.020%, 7/8/10		567,997		568,771
Series 2006-D A4
4.940%, 2/8/12		2,900,000		2,807,625
Ford Credit Auto Owner Trust, Series 2006-B A3
5.260%, 10/15/10		1,217,381		1,222,315
GSAA Home Equity Trust, Series 2006-5 2A1
0.592%, 3/25/36(b)(l)		611,043		431,326
Honda Auto Receivables Owner Trust, Series 2007-1 A4
5.090%, 7/18/13		710,000		724,412
Series 2008-1 A2
3.770%, 9/20/10		3,300,638		3,315,110
Mid-State Trust, Series 4 A
8.330%, 4/1/30		227,447		195,813
Nissan Auto Receivables Owner Trust, Series 2008-A A4
4.280%, 6/16/14		250,000		251,799
Series 2008-B A2
3.800%, 10/15/10		3,477,878		3,493,950
Series 2009-1 A2
3.920%, 4/15/11		3,805,000		3,786,962
Series 2009-A A2
2.940%, 7/15/11		2,745,000		2,746,819
Renaissance Home Equity Loan Trust, Series 2003-3 A
1.022%, 12/25/33(b)(l)		230,714		125,706
SLM Student Loan Trust, Series 2005-4 A2
1.239%, 4/26/21(l)		1,345,000		1,299,953
Series 2008-5 A2
2.259%, 10/25/16(l)		4,140,000		4,099,947
Series 2008-5 A3
2.459%, 1/25/18(l)		1,050,000		1,012,499
Series 2008-5 A4
2.859%, 7/25/23(l)		2,860,000		2,703,225
Series 2008-9 A
2.659%, 4/25/23(l)		19,542,643		19,184,032
TIAA Real Estate CDO Ltd., Series 2001-C1A A4
6.680%, 6/19/31(l)§		1,053,112		1,054,678
USAA Auto Owner Trust, Series 2006-4 A3
5.010%, 6/15/11		1,858,312		1,875,543
Series 2008-1 A4
4.500%, 10/15/13		350,000		351,531
Wells Fargo Home Equity Trust, Series 2005-2 AII2
0.762%, 10/25/35(l)§		187,660		171,141
				73,413,073
Non-Agency CMO (4.7%)
Banc of America Alternative Loan Trust, Series 2004-5 4A1
5.000%, 6/25/19		353,358		311,838
Series 2004-6 4A1
5.000%, 7/25/19		357,290		316,872
Banc of America Commercial Mortgage, Inc., Series 2000-1 A2A
7.333%, 11/15/31(l)		1,479,711		1,486,097
Series 2001-1 A2
6.503%, 4/15/36		1,162,314		1,148,586
Series 2002-PB2 A4
6.186%, 6/11/35		1,590,000		1,527,814
Series 2005-1 A4
4.988%, 11/10/42(l)		700,000		594,444
Series 2007-2 A4
5.689%, 4/10/49(l)		1,500,000		1,087,583
Series 2007-3 A4
5.658%, 6/10/49(l)		4,380,000		2,968,783
Banc of America Funding Corp., Series 2006-A 1A1
4.606%, 2/20/36(l)		1,718,000		1,133,239
Bear Stearns Adjustable Rate Mortgage Trust, Series 2007-4 22A1
5.993%, 6/25/47(l)		695,498		359,127
Bear Stearns Commercial Mortgage Securities, Inc., Series 2000-WF2 A2
7.320%, 10/15/32(l)		841,067		849,299
Series 2001-TOP2 A2
6.480%, 2/15/35		1,000,000		1,004,208
Series 2003-T12 A4
4.680%, 8/13/39(l)		1,825,000		1,599,513
Series 2004-T16 A6
4.750%, 2/13/46(l)		1,000,000		769,676

35

AXA PREMIER VIP TRUST

MULTIMANAGER CORE BOND PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Principal Amount		Value (Note 1)
Series 2005-PWR7 A3
5.116%, 2/11/41(l)	$	600,000	$	462,185
Series 2007-PW16 A4
5.717%, 6/11/40(l)		1,000,000		742,787
Chase Commercial Mortgage Securities Corp., Series 1999-2 A2
7.198%, 1/15/32		142,891		143,612
Series 2000-3 A2
7.319%, 10/15/32^		1,178,188		1,191,127
Citigroup Commercial Mortgage Trust, Inc., Series 2005-EMG A2
4.221%, 9/20/51§		934,877		925,859
Series 2007 - C6 AM
5.700%, 12/10/49(l)		1,065,000		435,745
Series 2008-C7 A4
6.096%, 12/10/49(l)		2,259,313		1,674,950
Citigroup Mortgage Loan Trust, Inc., Series 2005-4 A
5.343%, 8/25/35(l)		5,884,049		4,459,833
Series 2006-AR1 1A1
4.900%, 10/25/35(l)		7,472,840		4,820,057
Citigroup/Deutsche Bank Commercial Mortgage Trust, Series 2007-CD5 A4
5.886%, 11/15/44(l)		1,055,000		755,180
Citimortgage Alternative Loan Trust, Series 2007-A8 A1
6.000%, 10/25/37		2,549,030		1,183,706
Commercial Mortgage Pass Through Certificates, Series 2000-C1 A2
7.416%, 8/15/33(l)		1,392,844		1,406,641
Series 2007-C9 A4
5.816%, 12/10/49(l)		2,890,000		2,101,603
Commercial Mortgage Pass-Through Certificates, Series 2005-LP5 A4
4.982%, 5/10/43(l)		1,000,000		773,750
Countrywide Alternative Loan Trust, Series 2003-J3 2A1
6.250%, 12/25/33		168,580		151,877
Series 2006-OA21 A1
0.735%, 3/20/47(l)		1,174,532		425,417
Series 2006-OC8 2A1A
0.612%, 11/25/36(l)		616,532		586,110
Countrywide Home Loan Mortgage Pass Through Trust, Series 2006-OA5 2A1
0.722%, 4/25/46(l)		515,452		183,469
Series 2007-16 A1
6.500%, 10/25/37		1,459,381		807,220
Credit Suisse Mortgage Capital Certificates, Series 2006-8 3A1
6.000%, 10/25/21		646,598		366,339
Series 2006-C4 A3
5.467%, 9/15/39		1,000,000		660,870
Series 2006-C5 A3
5.311%, 12/15/39		3,000,000		1,912,433
CS First Boston Mortgage Securities Corp., Series 2001-CK6 A3
6.387%, 8/15/36		496,602		490,532
Series 2002-CKS4 A2
5.183%, 11/15/36		1,525,000		1,443,738
Series 2002-CP3 A3
5.603%, 7/15/35		2,160,000		2,074,975
Series 2002-CP5 A2
4.940%, 12/15/35		2,065,000		1,948,403
Series 2002-P1A A
3.201%, 3/25/32(b)(l)§		18,203		13,776
Series 2003-C3 A5
3.936%, 5/15/38		2,220,000		1,914,005
Series 2004-C2 A1
3.819%, 5/15/36		607,718		581,506
Series 2004-C4 A6
4.691%, 10/15/39		600,000		486,161
Series 2004-C5 A4
4.829%, 11/15/37		1,000,000		805,825
Series 2005-C2 A4
4.832%, 4/15/37		1,420,000		1,098,824
CW Capital Cobalt Ltd., Series 2007-C3 A4
5.820%, 5/15/46(l)		567,500		338,342
Deutsche Alt-A Securities, Inc., Series 2006-OA1 A1
0.722%, 2/25/47(l)		263,996		95,666
DLJ Commercial Mortgage Corp., Series 1999-CG2 A1B
7.300%, 6/10/32(l)		137,623		137,373
Series 2000-CKP1 A1B
7.180%, 11/10/33		1,709,160		1,742,536
First Horizon Alternative Mortgage Securities Trust, Series 2006-FA2 1A5
6.000%, 5/25/36		1,812,570		1,543,460
First Republic Mortgage Loan Trust, Series 2001-FRB1 A
0.906%, 11/15/31(l)		494,552		394,725
First Union National Bank Commercial Mortgage Trust, Series 2001-C4 A2
6.223%, 12/12/33		1,950,000		1,923,554
GE Capital Commercial Mortgage Corp., Series 2004-C3 A3
4.865%, 7/10/39(l)		600,000		527,673
Series 2007-C1 A4
5.543%, 12/10/49		1,500,000		894,278
GMAC Commercial Mortgage Securities, Inc., Series 1999-C3 A2
7.179%, 8/15/36(l)		509,625		512,191
Series 2000-C1 A2
7.724%, 3/15/33(l)		1,095,550		1,103,225
Series 2000-C2 A2
7.455%, 8/16/33(l)		878,639		891,353
Series 2000-C3 A2
6.957%, 9/15/35		2,034,467		2,064,312
Series 2002-C3 A2
4.930%, 7/10/39		2,075,000		1,942,594
Series 2004-C3 A5
4.864%, 12/10/41		700,000		534,830
Greenwich Capital Commercial Funding Corp., Series 2004-GG1 A4
4.755%, 6/10/36		355,000		338,862
Series 2005-GG3 A4
4.799%, 8/10/42(l)		1,333,000		990,775
Series 2006-GG7 A4
5.915%, 7/10/38(l)		1,250,000		907,045
Series 2007-GG9 A4
5.444%, 3/10/39		3,375,000		2,431,235
GS Mortgage Securities Corp. II, Series 2004-GG2 A6
5.396%, 8/10/38(l)		1,027,000		842,415
Series 2006-GG6 A4
5.553%, 4/10/38(l)		1,000,000		794,399

36

AXA PREMIER VIP TRUST

MULTIMANAGER CORE BOND PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Principal Amount		Value (Note 1)
Series 2006-GG8 A2
5.479%, 11/10/39	$	750,000	$	661,908
GSR Mortgage Loan Trust, Series 2004-9 4A1
4.036%, 8/25/34(l)		1,436,648		1,094,562
Series 2005 - AR4 6A1
5.250%, 7/25/35(l)		5,803,092		3,725,255
Series 2005-AR6 2A1
4.541%, 9/25/35(l)		1,926,138		1,423,372
Series 2006-OA1 2A1
0.712%, 8/25/46(l)		815,270		423,282
Homebanc Mortgage Trust, Series 2005-4 A1
0.792%, 10/25/35(l)		841,935		414,456
Impac CMB Trust, Series 2003-8 2A1
1.422%, 10/25/33(b)(l)		176,078		139,908
JPMorgan Chase Commercial Mortgage Securities Corp.,
Series 2001-C1 A3
5.857%, 10/12/35		1,600,000		1,579,284
Series 2001-CIB2 A3
6.429%, 4/15/35		395,000		392,201
Series 2001-CIBC A3
6.260%, 3/15/33		1,439,209		1,455,615
Series 2003-CB7 A4
4.879%, 1/12/38(l)		2,500,000		2,042,427
Series 2004-CB8 A1A
4.158%, 1/12/39§		978,287		761,867
Series 2005-LDP1 A3
4.865%, 3/15/46		2,000,000		1,680,425
Series 2005-LDP3 A4B
4.996%, 8/15/42(l)		1,275,000		848,450
Series 2005-LDP4 A3A1
4.871%, 10/15/42		700,000		598,458
Series 2006-CB15 A4
5.814%, 6/12/43(l)		785,000		555,258
Series 2006-LDP9 A1S
5.284%, 5/15/47		1,398,436		1,239,443
Series 2007-CB18 A4
5.440%, 6/12/47		1,350,000		871,290
Series 2007-LD11 A2
5.804%, 6/15/49(l)		1,030,000		822,114
Series 2007-LD12 A2
5.827%, 2/15/51		843,000		710,592
JPMorgan Mortgage Trust, Series 2006-S2 2A2
5.875%, 7/25/36		271,465		197,236
Series 2007-S1 1A2
5.500%, 3/25/22		277,671		206,171
LB-UBS Commercial Mortgage Trust, Series 2002-C2 A4
5.594%, 6/15/31		2,089,000		2,018,922
Series 2003-C7 A2
4.064%, 9/15/27(l)		304,703		301,150
Series 2004-C2 A4
4.367%, 3/15/36		1,800,000		1,401,526
Series 2004-C7 A1A
4.475%, 10/15/29		2,452,708		2,114,118
Series 2004-C8 A4
4.510%, 12/15/29		1,300,000		1,086,049
Series 2006-C6 A4
5.372%, 9/15/39		985,000		708,872
Series 2007-C1 A4
5.424%, 2/15/40		4,000,000		2,716,340
Series 2007-C6 A4
5.858%, 7/15/40(l)		1,500,000		1,030,847
Series 2007-C7 A3
5.866%, 9/15/45(l)		3,640,000		2,549,781
MASTR Alternative Loans Trust, Series 2004-4 1A1
5.500%, 5/25/34		847,087		709,700
Merrill Lynch Mortgage Investors, Inc., Series 2003-A1 3A
4.910%, 12/25/32(l)		392,978		325,155
Series 2005-A10 A
0.732%, 2/25/36(l)		2,094,608		1,157,211
Merrill Lynch Mortgage Trust, Series 2004-KEY2 A4
4.864%, 8/12/39(l)		900,000		715,364
Series 2007-C1 A4
5.829%, 6/12/50(l)		1,000,000		634,740
Merrill Lynch/Countrywide Commercial Mortgage Trust, Series 2007-5 A4
5.378%, 8/12/48		2,700,000		1,694,851
Morgan Stanley Capital I, Inc., Series 1999-LIFE A2
7.110%, 4/15/33(l)		1,355,984		1,357,198
Series 2004-IQ8 A5
5.110%, 6/15/40(l)		600,000		492,143
Series 2005-HQ5 A4
5.168%, 1/14/42		1,194,000		943,305
Series 2005-IQ9 A5
4.700%, 7/15/56		1,875,000		1,415,268
Series 2006-HQ8 A3
5.440%, 3/12/44(l)		667,000		589,622
Series 2006-IQ12 A4
5.332%, 12/15/43		1,055,000		774,196
Series 2007-HQ12 A2
5.632%, 4/12/49(l)		350,000		291,142
Series 2007-HQ13 A1
5.357%, 12/15/44		3,478,763		3,372,189
Series 2007-IQ13 A4
5.364%, 3/15/44		600,000		397,337
Series 2007-IQ15 A4
5.881%, 6/11/49(l)		3,450,000		2,483,268
Series 2007-IQ15 AM
5.881%, 6/11/49(l)		1,525,000		683,957
Series 2007-T25 A3
5.514%, 11/12/49(l)		1,500,000		1,108,249
Series 2007-T27 A4
5.650%, 6/11/42(l)^		1,210,000		912,215
Morgan Stanley Dean Witter Capital I, Series 2002-IQ2 A4
5.740%, 12/15/35		2,065,000		2,015,868
Residential Accredit Loans, Inc., Series 2003-QR19 CB1
5.750%, 10/25/33		40,107		40,077
Series 2006-QS2 1A9
5.500%, 2/25/36		1,617,945		945,693
Salomon Brothers Mortgage Securities VII, Inc., Series 2001-C2 A3
6.499%, 11/13/36		2,256,211		2,241,046
Sequoia Mortgage Trust, Series 10 2A1
0.925%, 10/20/27(l)		85,267		68,616
Series 2003-4 2A1
2.832%, 7/20/33(l)		179,719		136,269

37

AXA PREMIER VIP TRUST

MULTIMANAGER CORE BOND PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Principal Amount		Value (Note 1)
Structured Adjustable Rate Mortgage Loan Trust, Series 2005-19XS 1A1
0.842%, 10/25/35(l)	$	546,814	$	219,959
Structured Asset Mortgage Investments, Inc., Series 2005-AR5 A1
0.806%, 7/19/35(l)		430,467		200,487
Series 2005-AR5 A2
0.806%, 7/19/35(l)		2,199,439		1,501,467
Series 2006-AR3 12A1
0.742%, 5/25/36(l)		1,910,246		670,124
TIAA Seasoned Commercial Mortgage Trust, Series 2007-C4 A3
6.085%, 8/15/39(l)		985,000		812,172
Wachovia Bank Commercial Mortgage Trust, Series 2003-C8 A4
4.964%, 11/15/35(l)		2,000,000		1,714,065
Series 2004-C11 A5
5.215%, 1/15/41(l)		975,000		794,342
Series 2005-C17 APB
5.037%, 3/15/42		1,530,000		1,433,127
Series 2005-C20 A6A
5.110%, 7/15/42(l)		2,290,000		1,809,547
Series 2005-C22 A4
5.265%, 12/15/44(l)		1,320,000		1,016,791
Series 2006-C28 AJ
5.632%, 10/15/48(l)		310,000		80,319
Series 2006-C29 AJ
5.368%, 11/15/48(l)		330,000		81,546
Series 2007-C31 A2
5.421%, 4/15/47		1,500,000		1,183,371
Series 2007-C32 A2
5.736%, 6/15/49(l)		1,400,000		1,134,803
Series 2007-C33 A4
5.903%, 2/15/51(l)		3,465,000		2,126,039
WaMu Mortgage Pass-Through Certificates, Series 2002-AR9 1A
3.656%, 8/25/42(l)		116,321		78,300
Series 2005-AR7 A4
4.918%, 8/25/35(l)		921,709		568,363
Series 2007-HY3 4A1
5.334%, 3/25/37(l)		2,248,303		1,239,185
Series 2007-OA4 1A
2.403%, 5/25/47(l)		574,590		214,346
Series 2007-OA5 1A
2.383%, 6/25/47(l)		453,419		162,945
Wells Fargo Mortgage Backed Securities Trust, Series 2006-AR12 2A1
6.097%, 9/25/36(l)		852,059		534,843
				151,988,436
Total Asset-Backed and Mortgage-Backed Securities				225,401,509
Corporate Bonds (28.7%)
Consumer Discretionary (1.0%)
Automobiles (0.0%)
Daimler Finance N.A. LLC
6.500%, 11/15/13		1,319,000		1,195,084
Hotels, Restaurants & Leisure (0.1%)
McDonald’s Corp.
5.000%, 2/1/19		2,500,000		2,600,187
6.300%, 3/1/38		682,000		702,263
				3,302,450
Media (0.8%)
Cablevision Term Loan B
2.306%, 3/30/13		987,277		891,840
2.692%, 3/30/13		2,545		2,299
CBS Corp.
7.875%, 7/30/30		823,000		516,837
Comcast Cable Communications Holdings, Inc.
8.375%, 3/15/13		806,000		861,960
Comcast Cable Holdings LLC
7.875%, 8/1/13		39,000		39,492
Comcast Corp.
6.500%, 1/15/15		969,000		963,544
5.900%, 3/15/16		1,395,000		1,347,520
6.500%, 1/15/17		765,000		757,285
5.700%, 5/15/18		300,000		281,386
7.050%, 3/15/33		4,000		3,717
6.500%, 11/15/35		370,000		326,809
6.450%, 3/15/37		658,000		574,862
6.950%, 8/15/37		2,204,000		2,052,391
COX Communications, Inc.
7.125%, 10/1/12		115,000		114,480
4.625%, 6/1/13		600,000		545,635
8.375%, 3/1/39§		1,100,000		1,032,075
Historic TW, Inc.
6.625%, 5/15/29		200,000		168,844
McGraw-Hill Cos., Inc.
6.550%, 11/15/37		200,000		139,769
News America Holdings, Inc.
9.250%, 2/1/13		957,000		1,015,320
7.750%, 1/20/24		43,000		37,756
8.500%, 2/23/25		232,000		213,547
8.450%, 8/1/34		73,000		69,235
News America, Inc.
7.125%, 4/8/28		82,000		67,043
6.150%, 3/1/37		666,000		485,589
7.850%, 3/1/39§		250,000		214,165
TCI Communications, Inc.
7.875%, 2/15/26		246,000		225,950
7.125%, 2/15/28		108,000		94,970
Thomson Reuters Corp.
5.700%, 10/1/14		1,230,000		1,219,840
Time Warner Cable, Inc.
6.200%, 7/1/13		987,000		960,833
5.850%, 5/1/17		1,358,000		1,217,442
6.550%, 5/1/37		704,000		592,487
7.300%, 7/1/38		275,000		248,482
Time Warner Cos., Inc.
7.570%, 2/1/24		3,000		2,767
Time Warner Entertainment Co. LP
8.375%, 3/15/23		700,000		677,937
Time Warner, Inc.
1.461%, 11/13/09(l)		1,395,000		1,368,950
6.750%, 4/15/11		40,000		40,597
5.875%, 11/15/16		668,000		632,207
7.700%, 5/1/32^		1,962,000		1,764,301
Turner Broadcasting System, Inc.
8.375%, 7/1/13		65,000		67,194
Viacom, Inc.
5.750%, 4/30/11		2,654,000		2,585,418
				24,422,775
Multiline Retail (0.0%)
Kohl’s Corp.
6.250%, 12/15/17		622,000		571,391

38

AXA PREMIER VIP TRUST

MULTIMANAGER CORE BOND PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Principal Amount		Value (Note 1)
Macy’s Retail Holdings, Inc.
6.700%, 7/15/34	$	760,000	$	419,795
				991,186
Specialty Retail (0.1%)
Home Depot, Inc.
5.400%, 3/1/16		1,332,000		1,197,336
Lowe’s Cos., Inc.
5.800%, 10/15/36		655,000		576,139
				1,773,475
Total Consumer Discretionary				31,684,970
Consumer Staples (1.0%)
Beverages (0.2%)
Anheuser-Busch Cos., Inc.
6.450%, 9/1/37		677,000		561,841
Bottling Group LLC
6.950%, 3/15/14		700,000		795,922
Coca-Cola Co.
5.350%, 11/15/17		650,000		694,335
Coca-Cola Enterprises, Inc.
3.750%, 3/1/12		1,750,000		1,785,824
7.375%, 3/3/14		500,000		567,935
6.750%, 9/15/28		660,000		672,179
Diageo Finance B.V.
5.300%, 10/28/15		1,288,000		1,318,093
Dr. Pepper Snapple Group, Inc.
6.820%, 5/1/18		250,000		235,953
PepsiAmericas, Inc.
4.375%, 2/15/14		250,000		249,972
PepsiCo, Inc.
3.750%, 3/1/14		500,000		507,165
7.900%, 11/1/18		500,000		614,328
				8,003,547
Food & Staples Retailing (0.2%)
CVS Caremark Corp.
6.250%, 6/1/27		688,000		634,010
Delhaize Group
5.875%, 2/1/14		250,000		249,925
Kroger Co.
7.500%, 1/15/14		500,000		554,784
6.400%, 8/15/17		250,000		256,646
8.000%, 9/15/29		250,000		268,702
Safeway, Inc.
5.800%, 8/15/12		400,000		414,904
7.250%, 2/1/31		250,000		268,017
SUPERVALU, Inc.
7.500%, 11/15/14		700,000		683,375
Wal-Mart Stores, Inc.
5.000%, 4/5/12		2,650,000		2,856,859
5.250%, 9/1/35		707,000		635,409
				6,822,631
Food Products (0.3%)
Archer-Daniels-Midland Co.
7.000%, 2/1/31		637,000		676,102
Campbell Soup Co.
4.500%, 2/15/19		540,000		538,243
ConAgra Foods, Inc.
7.875%, 9/15/10		250,000		263,909
General Mills, Inc.
6.000%, 2/15/12		1,342,000		1,414,555
H.J. Heinz Co.
5.350%, 7/15/13		400,000		412,612
Hershey Co.
4.850%, 8/15/15		640,000		650,008
Kellogg Co.
4.250%, 3/6/13		500,000		506,956
Kraft Foods, Inc.
6.250%, 6/1/12		1,346,000		1,420,213
6.500%, 8/11/17		980,000		1,009,143
6.125%, 2/1/18		1,702,000		1,705,845
7.000%, 8/11/37		100,000		99,136
				8,696,722
Household Products (0.1%)
Clorox Co.
5.450%, 10/15/12		1,330,000		1,368,418
Kimberly-Clark Corp.
6.625%, 8/1/37		100,000		108,888
Procter & Gamble Co.
4.600%, 1/15/14		600,000		634,985
4.700%, 2/15/19		200,000		201,735
5.550%, 3/5/37		684,000		696,688
				3,010,714
Personal Products (0.0%)
Avon Products, Inc.
5.625%, 3/1/14		200,000		201,908
Tobacco (0.2%)
Altria Group, Inc.
8.500%, 11/10/13		1,340,000		1,453,297
9.950%, 11/10/38		500,000		498,954
Philip Morris International, Inc.
6.875%, 3/17/14		775,000		838,770
5.650%, 5/16/18		1,822,000		1,810,350
Reynolds American, Inc.
6.750%, 6/15/17		400,000		341,477
				4,942,848
Total Consumer Staples				31,678,370
Energy (1.1%)
Energy Equipment & Services (0.1%)
Halliburton Co.
5.500%, 10/15/10		330,000		342,951
6.150%, 9/15/19		215,000		218,467
6.700%, 9/15/38		300,000		277,632
7.450%, 9/15/39		310,000		310,348
Nabors Industries, Inc.
9.250%, 1/15/19(b)§		300,000		284,468
Transocean, Inc.
6.000%, 3/15/18		673,000		634,047
6.800%, 3/15/38		200,000		175,707
Weatherford International Ltd.
5.500%, 2/15/16		649,000		549,207
9.625%, 3/1/19		250,000		258,578
				3,051,405
Oil, Gas & Consumable Fuels (1.0%)
Alberta Energy Co., Ltd.
8.125%, 9/15/30		628,000		600,733
Anadarko Petroleum Corp.
5.950%, 9/15/16		1,407,000		1,211,821
6.450%, 9/15/36		769,000		537,504
Apache Corp.
6.000%, 1/15/37		682,000		657,838
Canadian Natural Resources Ltd.
5.700%, 5/15/17		1,889,000		1,684,232
6.250%, 3/15/38		250,000		192,563
Chevron Corp.
3.450%, 3/3/12		3,220,000		3,305,159
4.950%, 3/3/19		250,000		255,496
ConocoPhillips
4.400%, 5/15/13		2,602,000		2,647,967

39

AXA PREMIER VIP TRUST

MULTIMANAGER CORE BOND PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Principal Amount		Value (Note 1)
5.750%, 2/1/19	$	500,000	$	503,315
7.000%, 3/30/29		9,000		8,933
6.500%, 2/1/39		500,000		487,738
Devon Financing Corp. ULC
6.875%, 9/30/11		1,362,000		1,424,371
7.875%, 9/30/31		142,000		145,095
Enbridge Energy Partners LP
9.875%, 3/1/19		250,000		257,736
Enbridge, Inc.
5.800%, 6/15/14		500,000		478,599
EnCana Corp.
4.750%, 10/15/13		656,000		627,914
EnCana Holdings Finance Corp.
5.800%, 5/1/14		120,000		118,042
Energy Transfer Partners LP
6.000%, 7/1/13		500,000		472,746
Enterprise Products Operating LLC
9.750%, 1/31/14		375,000		412,051
Series B
6.650%, 10/15/34		250,000		203,833
Gaz Capital S.A.
8.146%, 4/11/18§		1,800,000		1,476,000
Hess Corp.
7.300%, 8/15/31		659,000		573,268
Kinder Morgan Energy Partners LP
6.750%, 3/15/11		1,000,000		1,019,748
5.000%, 12/15/13		200,000		188,846
6.000%, 2/1/17		200,000		187,836
7.400%, 3/15/31		200,000		178,448
6.950%, 1/15/38		200,000		171,141
Marathon Oil Corp.
7.500%, 2/15/19		500,000		503,744
6.600%, 10/1/37		200,000		159,110
Nexen, Inc.
5.875%, 3/10/35		672,000		444,609
Occidental Petroleum Corp.
7.000%, 11/1/13		200,000		223,299
ONEOK Partners LP
8.625%, 3/1/19		350,000		353,172
PC Financial Partnership
5.000%, 11/15/14		500,000		445,449
Pemex Project Funding Master Trust
6.625%, 6/15/35		670,000		479,050
Petrobras International Finance Co.
7.875%, 3/15/19		750,000		777,150
Petroleos Mexicanos
8.000%, 5/3/19§		500,000		487,500
Plains All American Pipeline LP/PAA Finance Corp.
6.650%, 1/15/37		678,000		491,417
Shell International Finance B.V.
4.000%, 3/21/14		2,425,000		2,459,025
6.375%, 12/15/38		500,000		526,512
Spectra Energy Capital LLC
6.200%, 4/15/18		350,000		323,052
Suncor Energy, Inc.
6.850%, 6/1/39		500,000		377,874
TEPPCO Partners LP
5.900%, 4/15/13		300,000		278,825
Trans-Canada Pipelines Ltd.
7.125%, 1/15/19		700,000		730,388
6.200%, 10/15/37		250,000		211,704
Valero Energy Corp.
7.500%, 4/15/32		616,000		483,216
Williams Cos., Inc.
8.750%, 1/15/20§		500,000		497,500
XTO Energy, Inc.
6.250%, 4/15/13		500,000		516,486
6.250%, 8/1/17		270,000		263,315
6.500%, 12/15/18		250,000		248,375
6.750%, 8/1/37		1,002,000		911,936
				32,221,681
Total Energy				35,273,086
Financials (19.7%)
Capital Markets (4.3%)
Bear Stearns Cos., Inc.
1.341%, 2/23/10(l)		7,000,000		6,917,022
1.486%, 7/19/10(l)		541,000		533,084
4.500%, 10/28/10		1,360,000		1,346,337
1.404%, 1/31/11(l)		1,500,000		1,427,075
1.448%, 8/15/11(l)		2,500,000		2,309,958
6.950%, 8/10/12		4,990,000		5,081,651
5.300%, 10/30/15		829,000		768,594
6.400%, 10/2/17		8,075,000		7,858,961
7.250%, 2/1/18		2,000,000		2,065,428
Deutsche Bank AG/London
5.375%, 10/12/12		2,693,000		2,731,478
Goldman Sachs Capital I
6.345%, 2/15/34		381,000		224,930
Goldman Sachs Group, Inc.
1.532%, 6/28/10(l)		10,000,000		9,545,340
1.700%, 3/15/11		250,000		250,891
1.625%, 7/15/11		1,352,000		1,352,988
2.150%, 3/15/12		250,000		251,646
3.250%, 6/15/12		2,712,000		2,830,737
5.450%, 11/1/12		2,690,000		2,589,103
5.250%, 10/15/13		1,518,000		1,417,501
1.854%, 1/12/15(l)		4,500,000		3,321,572
5.125%, 1/15/15		1,826,000		1,645,467
6.250%, 9/1/17		18,000,000		16,680,204
6.150%, 4/1/18		1,600,000		1,461,469
5.950%, 1/15/27		810,000		558,446
6.125%, 2/15/33		699,000		582,140
6.750%, 10/1/37		700,000		473,439
Lehman Brothers Holdings, Inc.
0.000%, 12/23/09(h)		10,200,000		1,224,000
5.625%, 1/24/13(h)		5,000,000		600,000
6.200%, 9/26/14(h)		1,599,000		203,872
6.750%, 12/28/17(h)		1,297,000		130
0.000%, 9/15/22(h)		652,000		78,240
Merrill Lynch & Co., Inc.
1.501%, 6/5/12(l)		1,500,000		1,164,580
6.150%, 4/25/13		2,774,000		2,331,816
5.700%, 5/2/17		1,500,000		888,171
6.400%, 8/28/17		13,000,000		9,326,291
6.875%, 4/25/18		3,700,000		2,893,744
Morgan Stanley
1.393%, 1/18/11(l)		2,800,000		2,527,078
5.050%, 1/21/11		715,000		702,986
6.750%, 4/15/11		240,000		240,185
3.250%, 12/1/11		2,700,000		2,802,576
1.648%, 1/9/12(l)		3,400,000		2,728,779
5.625%, 1/9/12		3,335,000		3,208,990
2.250%, 3/13/12		250,000		251,944
5.300%, 3/1/13		7,300,000		7,019,381
6.000%, 4/28/15		10,300,000		9,724,415
5.375%, 10/15/15		1,000,000		903,420
5.950%, 12/28/17		2,700,000		2,452,688
6.625%, 4/1/18		15,000,000		14,302,605
				139,801,352

40

AXA PREMIER VIP TRUST

MULTIMANAGER CORE BOND PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Principal Amount		Value (Note 1)
Certificates of Deposit (0.1%)
Nordea Bank Finland plc/New York
0.521%, 4/9/09(l)	$	2,300,000	$	2,299,968
Commercial Banks (6.4%)
Abbey National plc
7.950%, 10/26/29		693,000		601,076
American Express Bank FSB
3.150%, 12/9/11		750,000		774,962
Bank of Scotland plc
1.183%, 7/17/09(l)§		4,300,000		4,275,653
1.344%, 12/8/10(l)§		8,000,000		7,375,096
Barclays Bank plc
5.926%, 9/29/49(l)§		1,300,000		436,033
7.434%, 9/29/49(l)§		1,795,000		745,697
BB&T Corp.
5.250%, 11/1/19		655,000		575,498
Charter One Bank N.A.
1.209%, 4/24/09(l)		8,300,000		8,292,538
Commonwealth Bank of Australia
0.518%, 6/8/09(l)§		600,000		598,693
Credit Suisse/New York
5.000%, 5/15/13		17,840,000		17,238,453
6.000%, 2/15/18		464,000		404,701
DnB NOR Bank ASA
1.330%, 10/13/09(l)§		6,100,000		6,026,117
Fifth Third Bancorp
8.250%, 3/1/38		1,400,000		858,052
HBOS plc
6.750%, 5/21/18§		1,400,000		1,079,960
HSBC Capital Funding LP/Jersey Channel Islands
4.610%, 12/29/49(l)§		550,000		231,898
HSBC Holdings plc
6.500%, 5/2/36		700,000		577,770
ICICI Bank Ltd.
1.894%, 1/12/10(l)§		3,400,000		3,060,000
JPMorgan Chase Bank N.A.
6.000%, 7/5/17		1,620,000		1,549,767
6.000%, 10/1/17^		3,610,000		3,383,927
KeyBank N.A.
5.700%, 8/15/12		400,000		382,235
7.413%, 5/6/15		400,000		364,585
Keycorp
6.500%, 5/14/13		1,302,000		1,270,537
Kreditanstalt fuer Wiederaufbau
3.250%, 2/15/11		3,000,000		3,103,113
3.250%, 3/15/13		2,705,000		2,753,441
3.500%, 3/10/14		4,900,000		4,953,563
4.875%, 1/17/17		2,724,000		2,931,858
(Zero Coupon), 4/18/36		1,824,000		508,467
Landeskreditbank Baden-Wuerttemberg Foerderbank
4.875%, 1/13/12		500,000		530,578
Landwirtschaftliche Rentenbank
4.875%, 2/14/11		2,675,000		2,829,909
Marshall & Ilsley Corp.
5.350%, 4/1/11		1,453,000		1,129,803
Mizuho Financial Group, Inc./Aruba
1.805%, 10/27/49(l)†	JPY	300,000,000		2,946,204
National Australia Bank Ltd.
1.353%, 9/11/09(l)§	$	6,200,000		6,199,547
5.350%, 6/12/13§		9,100,000		8,808,300
National Westminster Bank plc
7.375%, 10/1/09		217,000		211,253
New York Community Bank
3.000%, 12/16/11		5,950,000		6,094,454
PNC Bank N.A.
4.875%, 9/21/17		1,250,000		1,067,384
Rabobank Capital Funding II
5.260%, 12/29/49(l)§		780,000		351,000
Rabobank Nederland N.V.
0.556%, 2/1/10(l)§		14,500,000		14,440,405
Regions Bank
7.500%, 5/15/18^§		3,700,000		3,300,940
Royal Bank of Scotland Group plc
5.050%, 1/8/15		2,100,000		1,378,677
Sumitomo Mitsui Banking Corp.
1.570%, 12/31/49(l)	JPY	200,000,000		1,915,713
1.776%, 12/31/49(l)		100,000,000		1,003,876
5.625%, 12/31/49(l)§	$	300,000		190,040
UBS AG/Connecticut
5.875%, 12/20/17		15,703,000		13,506,009
5.750%, 4/25/18		4,300,000		3,596,752
Wachovia Bank N.A.
4.875%, 2/1/15		1,250,000		1,027,040
5.000%, 8/15/15		2,500,000		2,130,453
6.000%, 11/15/17		2,275,000		1,984,887
6.600%, 1/15/38		1,275,000		1,008,340
Wachovia Corp.
1.440%, 3/15/11(l)		1,500,000		1,402,635
5.500%, 5/1/13		5,400,000		4,979,086
5.700%, 8/1/13		1,381,000		1,290,511
5.625%, 10/15/16		1,340,000		1,033,027
1.590%, 6/15/17(l)		5,900,000		3,483,289
Wells Fargo & Co.
3.552%, 5/1/09		1,700,000		1,753,720
4.625%, 8/9/10		720,000		710,991
4.875%, 1/12/11		140,000		138,373
3.000%, 12/9/11		675,000		697,880
5.250%, 10/23/12		1,335,000		1,297,236
4.375%, 1/31/13		15,200,000		14,167,175
5.625%, 12/11/17		665,000		606,754
7.980%, 12/31/49(l)		8,000,000		3,760,000
Wells Fargo Bank N.A.
4.750%, 2/9/15		5,700,000		4,864,830
5.750%, 5/16/16		2,750,000		2,341,677
Westpac Banking Corp.
3.250%, 12/16/11§		17,700,000		18,021,255
				210,553,693
Consumer Finance (1.6%)
American Express Bank FSB
0.605%, 10/20/09(l)		2,000,000		1,933,782
American Express Co.
7.000%, 3/19/18		18,468,000		16,291,398
American General Finance Corp.
5.400%, 12/1/15		625,000		231,243
American Honda Finance Corp.
2.038%, 6/20/11(l)§		18,000,000		17,903,736
Capital One Financial Corp.
6.750%, 9/15/17		2,300,000		1,918,950
Discover Financial Services
6.450%, 6/12/17		704,000		507,972
Ford Motor Credit Co. LLC
7.250%, 10/25/11		1,250,000		889,945
HSBC Finance Corp.
6.375%, 11/27/12		1,349,000		1,089,253
4.750%, 7/15/13		2,732,000		2,013,842
5.000%, 6/30/15		685,000		507,581
International Lease Finance Corp.
5.450%, 3/24/11		2,804,000		1,888,769
5.650%, 6/1/14		1,356,000		706,542
SLM Corp.
1.299%, 7/27/09(l)		5,900,000		5,684,473
1.319%, 7/26/10(l)		2,300,000		1,632,756

41

AXA PREMIER VIP TRUST

MULTIMANAGER CORE BOND PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Principal Amount		Value (Note 1)
5.400%, 10/25/11	$	644,000	$	399,280
1.459%, 1/27/14(l)		885,000		405,732
				54,005,254
Diversified Financial Services (5.1%)
Allstate Life Global Funding Trusts
5.375%, 4/30/13^		2,180,000		2,108,655
Bank of America Corp.
1.371%, 5/21/10(l)		1,500,000		1,417,983
2.100%, 4/30/12		1,000,000		1,002,032
3.125%, 6/15/12		1,350,000		1,396,638
4.750%, 8/15/13		2,970,000		2,301,527
5.625%, 10/14/16		2,300,000		1,951,138
6.000%, 9/1/17		820,000		697,959
5.750%, 12/1/17^		1,415,000		1,188,297
5.650%, 5/1/18^		6,000,000		5,005,620
8.000%, 12/29/49(l)		7,600,000		3,043,724
Bank of America N.A.
1.822%, 5/12/10(l)		5,200,000		4,847,840
1.777%, 6/23/10(l)		9,700,000		8,976,496
5.300%, 3/15/17		1,500,000		1,102,235
6.100%, 6/15/17		525,000		380,474
6.000%, 10/15/36		750,000		496,144
Belvoir Land LLC, Series A-1
5.270%, 12/15/47§		247,000		152,397
Boeing Capital Corp.
6.500%, 2/15/12		1,334,000		1,406,879
BP Capital Markets plc
5.250%, 11/7/13		750,000		802,760
BTM Curacao Holdings N.V.
1.566%, 12/31/49(l)	JPY	100,000,000		957,878
Capital One Capital IV
6.745%, 2/17/37(l)	$	692,000		235,975
Caterpillar Financial Services Corp.
1.278%, 8/11/09(l)		6,100,000		6,037,951
5.125%, 10/12/11		326,000		324,187
4.250%, 2/8/13		1,342,000		1,262,657
7.150%, 2/15/19		300,000		274,395
CIT Group, Inc.
1.394%, 6/8/09(l)		3,900,000		3,773,293
5.800%, 7/28/11		700,000		504,800
5.000%, 2/1/15		800,000		487,080
Citigroup, Inc.
4.125%, 2/22/10		1,182,000		1,140,876
4.625%, 8/3/10		185,000		173,554
6.500%, 1/18/11		2,873,000		2,746,775
1.336%, 5/18/11(l)		4,100,000		3,310,721
2.875%, 12/9/11		679,000		698,355
2.125%, 4/30/12		1,000,000		1,003,368
5.300%, 10/17/12		2,250,000		1,983,166
5.500%, 4/11/13^		19,200,000		16,868,582
5.000%, 9/15/14		750,000		497,176
6.125%, 5/15/18		2,693,000		2,324,428
5.850%, 12/11/34		1,499,000		1,143,074
ConocoPhillips Canada Funding Co. I
5.950%, 10/15/36		614,000		543,187
Credit Suisse First Boston USA, Inc.
5.125%, 8/15/15		2,620,000		2,431,224
Credit Suisse USA, Inc.
5.250%, 3/2/11		1,354,000		1,369,177
General Electric Capital Corp.
1.420%, 6/15/09(l)		5,100,000		5,091,534
1.301%, 5/10/10(l)^		3,700,000		3,474,670
5.000%, 11/15/11		3,681,000		3,660,515
2.214%, 12/9/11(l)		9,000,000		9,162,144
3.000%, 12/9/11		1,354,000		1,394,133
5.875%, 2/15/12		4,002,000		3,972,689
1.474%, 4/10/12(l)		10,000,000		8,344,570
2.200%, 6/8/12		500,000		503,228
5.400%, 2/15/17		1,308,000		1,144,800
6.750%, 3/15/32		1,597,000		1,295,004
5.875%, 1/14/38		1,366,000		975,715
5.500%, 9/15/67(l)§	EUR	10,400,000		5,388,802
6.375%, 11/15/67(l)	$	1,415,000		687,099
Goldman Sachs Capital II
5.793%, 12/31/49(l)		1,095,000		455,893
Irwin Land LLC Series A-1
5.030%, 12/15/25(b)§		725,000		532,143
Series A-2
5.300%, 12/15/35(b)§		1,195,000		830,979
John Deere Capital Corp.
7.000%, 3/15/12		600,000		638,886
2.875%, 6/19/12		300,000		307,676
5.250%, 10/1/12		200,000		201,947
4.500%, 4/3/13		500,000		490,497
5.750%, 9/10/18		300,000		284,882
JPMorgan Chase & Co.
1.650%, 2/23/11		5,050,000		5,071,170
3.125%, 12/1/11		2,706,000		2,803,630
1.352%, 12/21/11(l)		2,700,000		2,449,513
6.625%, 3/15/12		2,661,000		2,599,102
2.200%, 6/15/12		5,000,000		5,039,500
1.320%, 11/1/12(l)		1,500,000		1,247,429
6.000%, 1/15/18		674,000		680,796
7.900%, 4/29/49(l)^		982,000		631,072
JPMorgan Chase Capital XV
5.875%, 3/15/35		693,000		406,391
JPMorgan Chase Capital XVIII
6.950%, 8/17/36		671,000		454,770
JPMorgan Chase Capital XXV
6.800%, 10/1/37		3,201,000		2,119,929
National Rural Utilities Cooperative Finance Corp.
7.250%, 3/1/12		2,604,000		2,705,171
Pemex Finance Ltd.
9.030%, 2/15/11		12,000		12,300
Santander Perpetual S.A.U.
6.671%, 10/29/49(l)§		3,500,000		1,925,000
Textron Financial Corp.
5.400%, 4/28/13		250,000		152,728
UFJ Finance Aruba AEC
6.750%, 7/15/13		310,000		318,949
Unilever Capital Corp.
4.800%, 2/15/19		750,000		747,278
				166,573,211
Insurance (2.0%)
ACE INA Holdings, Inc.
5.600%, 5/15/15		250,000		233,071
Allstate Corp.
5.950%, 4/1/36		634,000		461,312
6.125%, 5/15/37(l)		444,000		239,760
American International Group, Inc.
1.224%, 1/29/10(l)§		10,400,000		6,448,000
5.600%, 10/18/16		1,000,000		441,637
8.250%, 8/15/18§		1,200,000		513,475
6.250%, 5/1/36		700,000		245,634
8.175%, 5/15/58(l)§		17,926,000		1,527,313
Berkshire Hathaway Finance Corp.
4.750%, 5/15/12^		228,000		234,084
5.000%, 8/15/13		600,000		617,009
4.850%, 1/15/15		600,000		605,836

42

AXA PREMIER VIP TRUST

MULTIMANAGER CORE BOND PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Principal Amount		Value (Note 1)
Chubb Corp.
5.750%, 5/15/18	$	1,250,000	$	1,234,269
6.375%, 3/29/67(l)		937,000		534,849
General Electric Global Insurance Holdings Corp.
7.000%, 2/15/26		1,228,000		931,445
Hartford Financial Services Group, Inc.
6.100%, 10/1/41		592,000		299,758
Hartford Life Global Funding Trusts
2.166%, 9/15/09(l)		1,083,000		1,021,225
Lincoln National Corp.
6.050%, 4/20/67(l)		2,025,000		425,250
Marsh & McLennan Cos., Inc.
5.375%, 7/15/14		290,000		255,714
MetLife, Inc.
6.125%, 12/1/11		272,000		269,610
5.700%, 6/15/35		244,000		168,561
6.400%, 12/15/36		2,000,000		840,000
Metropolitan Life Global Funding I
1.278%, 5/17/10(l)§		900,000		849,659
1.406%, 5/18/10(l)§		1,500,000		1,417,850
1.570%, 3/15/12(l)§		25,100,000		20,016,472
5.125%, 4/10/13§		1,550,000		1,415,601
Monumental Global Funding Ltd.
0.736%, 6/16/10(l)§		2,080,000		1,864,349
New York Life Global Funding
4.650%, 5/9/13§		15,000,000		14,606,715
Principal Life Income Funding Trusts
5.125%, 3/1/11		2,642,000		2,604,499
Progressive Corp.
6.700%, 6/15/37(l)		717,000		322,533
Prudential Financial, Inc.
4.500%, 7/15/13		1,319,000		996,024
6.000%, 12/1/17		1,244,000		821,546
Travelers Cos., Inc.
5.800%, 5/15/18		500,000		485,135
6.250%, 3/15/37(l)		1,012,000		537,030
6.250%, 6/15/37		250,000		228,742
Willis North America, Inc.
5.625%, 7/15/15		665,000		480,783
				64,194,750
Real Estate Investment Trusts (REITs) (0.2%)
Duke Realty LP
6.250%, 5/15/13		100,000		72,547
ERP Operating LP
6.625%, 3/15/12		133,000		112,782
5.125%, 3/15/16		500,000		394,530
HCP, Inc.
6.000%, 1/30/17		300,000		201,875
Hospitality Properties Trust
5.625%, 3/15/17		250,000		120,559
HRPT Properties Trust
6.650%, 1/15/18		100,000		59,424
ProLogis
5.500%, 4/1/12		1,304,000		814,206
Simon Property Group LP
5.300%, 5/30/13		1,319,000		1,076,995
5.100%, 6/15/15		658,000		502,548
Ventas Realty LP/Ventas Capital Corp.
7.125%, 6/1/15		2,300,000		2,070,000
6.750%, 4/1/17		760,000		649,800
				6,075,266
Thrifts & Mortgage Finance (0.0%)
Countrywide Financial Corp.
4.500%, 6/15/10		1,380,000		1,275,487
Total Financials				644,778,981
Health Care (1.3%)
Biotechnology (0.1%)
Amgen, Inc.
5.850%, 6/1/17		678,000		694,272
6.375%, 6/1/37		670,000		642,503
Genentech, Inc.
4.750%, 7/15/15		250,000		249,870
				1,586,645
Health Care Equipment & Supplies (0.0%)
Baxter International, Inc.
5.900%, 9/1/16		1,324,000		1,397,195
Health Care Providers & Services (0.2%)
Aetna, Inc.
6.625%, 6/15/36		946,000		780,509
Cardinal Health, Inc.
5.650%, 6/15/12		250,000		246,996
5.850%, 12/15/17		200,000		182,259
McKesson Corp.
6.500%, 2/15/14		300,000		310,303
Medco Health Solutions, Inc.
7.125%, 3/15/18		250,000		248,116
Roche Holdings, Inc.
3.249%, 2/25/11(l)§		505,000		504,104
5.000%, 3/1/14§		2,250,000		2,344,413
WellPoint Health Networks, Inc.
6.375%, 1/15/12		1,335,000		1,369,082
				5,985,782
Pharmaceuticals (1.0%)
Abbott Laboratories, Inc.
5.600%, 5/15/11		1,334,000		1,430,367
5.125%, 4/1/19		1,195,000		1,201,846
6.000%, 4/1/39		300,000		298,305
AstraZeneca plc
5.900%, 9/15/17		300,000		317,651
6.450%, 9/15/37		676,000		701,203
Bristol-Myers Squibb Co.
5.875%, 11/15/36		678,000		647,267
6.875%, 8/1/97		45,000		44,067
Eli Lilly & Co.
3.550%, 3/6/12		1,070,000		1,093,190
5.200%, 3/15/17		1,316,000		1,358,058
5.500%, 3/15/27		300,000		286,131
GlaxoSmithKline Capital, Inc.
4.850%, 5/15/13		1,027,000		1,068,490
5.650%, 5/15/18		14,024,000		14,384,529
Johnson & Johnson
5.550%, 8/15/17		500,000		556,878
4.950%, 5/15/33		271,000		254,996
Merck & Co., Inc.
5.750%, 11/15/36		250,000		237,726
Novartis Capital Corp.
4.125%, 2/10/14		300,000		306,568
Novartis Securities Investment Ltd.
5.125%, 2/10/19		1,740,000		1,766,660
Pfizer, Inc.
4.500%, 2/15/14		250,000		260,747
5.350%, 3/15/15^		3,425,000		3,613,532
Schering-Plough Corp.
6.000%, 9/15/17		350,000		360,830
6.550%, 9/15/37		350,000		355,897

43

AXA PREMIER VIP TRUST

MULTIMANAGER CORE BOND PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Principal Amount		Value (Note 1)
Teva Pharmaceutical Finance LLC
5.550%, 2/1/16	$	268,000	$	278,995
6.150%, 2/1/36		270,000		249,074
Wyeth
5.500%, 2/15/16		652,000		663,138
7.250%, 3/1/23		683,000		756,571
5.950%, 4/1/37		500,000		470,868
				32,963,584
Total Health Care				41,933,206
Industrials (1.0%)
Aerospace & Defense (0.2%)
General Dynamics Corp.
5.250%, 2/1/14		500,000		533,227
Goodrich Corp.
6.125%, 3/1/19		200,000		193,994
Honeywell International, Inc.
3.875%, 2/15/14		1,270,000		1,280,908
5.300%, 3/1/18		1,334,000		1,363,395
Lockheed Martin Corp.
4.121%, 3/14/13		158,000		163,139
7.750%, 5/1/26		674,000		771,450
Northrop Grumman Systems Corp.
7.750%, 2/15/31		405,000		489,526
United Technologies Corp.
4.875%, 5/1/15		500,000		523,930
6.125%, 2/1/19		500,000		538,261
6.050%, 6/1/36		660,000		660,661
				6,518,491
Air Freight & Logistics (0.1%)
United Parcel Service, Inc.
3.875%, 4/1/14		3,225,000		3,232,892
6.200%, 1/15/38		694,000		706,126
				3,939,018
Airlines (0.3%)
Continental Airlines, Inc. Series 99-A2
7.056%, 9/15/09		850,000		816,000
Southwest Airlines Co.
10.500%, 12/15/11(b)§		7,000,000		7,402,731
UAL Pass Through Trust, Series 2001-1
6.602%, 9/1/13		10,253		9,843
				8,228,574
Building Products (0.0%)
CRH America, Inc.
6.000%, 9/30/16		500,000		352,551
Commercial Services & Supplies (0.1%)
Allied Waste North America, Inc.
6.875%, 6/1/17		350,000		318,500
Pitney Bowes, Inc.
5.750%, 9/15/17		678,000		676,183
Princeton University
4.950%, 3/1/19		1,800,000		1,791,558
R.R. Donnelley & Sons Co.
11.250%, 2/1/19		250,000		216,227
Vanderbilt University
5.250%, 4/1/19		100,000		102,085
Waste Management, Inc.
6.375%, 11/15/12		700,000		704,873
7.375%, 3/11/19		200,000		203,985
				4,013,411
Electrical Equipment (0.0%)
Emerson Electric Co.
4.875%, 10/15/19		500,000		505,548
Industrial Conglomerates (0.2%)
3M Co.
4.375%, 8/15/13		350,000		368,595
5.700%, 3/15/37		200,000		203,383
General Electric Co.
5.000%, 2/1/13		1,081,000		1,081,121
Philips Electronics N.V.
6.875%, 3/11/38		1,348,000		1,307,654
Tyco Electronics Group S.A.
6.000%, 10/1/12		1,342,000		1,141,984
Tyco International Finance S.A.
6.000%, 11/15/13		610,000		573,924
				4,676,661
Machinery (0.0%)
Caterpillar, Inc.
8.250%, 12/15/38		300,000		325,049
Dover Corp.
5.450%, 3/15/18		660,000		679,281
				1,004,330
Road & Rail (0.1%)
Burlington Northern Santa Fe Corp.
5.900%, 7/1/12		1,342,000		1,401,277
Canadian National Railway Co.
6.200%, 6/1/36		680,000		680,819
CSX Corp.
6.250%, 3/15/18		650,000		559,949
Norfolk Southern Corp.
7.700%, 5/15/17		268,000		298,939
				2,940,984
Total Industrials				32,179,568
Information Technology (0.4%)
Communications Equipment (0.1%)
Cisco Systems, Inc.
4.950%, 2/15/19^		2,500,000		2,459,662
Motorola, Inc.
6.000%, 11/15/17		676,000		524,245
				2,983,907
Computers & Peripherals (0.1%)
Hewlett-Packard Co.
5.250%, 3/1/12		664,000		697,207
International Business Machines Corp.
5.700%, 9/14/17		890,000		921,926
7.625%, 10/15/18		900,000		1,032,475
6.500%, 1/15/28		1,379,000		1,413,552
				4,065,160
IT Services (0.0%)
Electronic Data Systems Corp. Series B
6.000%, 8/1/13		670,000		709,613
Western Union Co.
5.400%, 11/17/11		1,325,000		1,351,063
				2,060,676
Office Electronics (0.1%)
Xerox Corp.
5.500%, 5/15/12		1,302,000		1,127,623
6.350%, 5/15/18		1,372,000		1,022,140
				2,149,763
Software (0.1%)
Oracle Corp.
4.950%, 4/15/13		1,100,000		1,162,468

44

AXA PREMIER VIP TRUST

MULTIMANAGER CORE BOND PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Principal Amount		Value (Note 1)
5.250%, 1/15/16	$	1,302,000	$	1,327,556
				2,490,024
Total Information Technology				13,749,530
Materials (0.3%)
Chemicals (0.1%)
Dow Chemical Co.
6.000%, 10/1/12		1,312,000		1,126,725
E.I. du Pont de Nemours & Co.
5.875%, 1/15/14		300,000		317,135
6.000%, 7/15/18		350,000		351,445
5.600%, 12/15/36		100,000		85,440
Monsanto Co.
5.125%, 4/15/18		150,000		151,455
5.875%, 4/15/38		100,000		96,035
PPG Industries, Inc.
6.650%, 3/15/18		300,000		293,399
Praxair, Inc.
4.625%, 3/30/15		253,000		262,595
Rohm and Haas Co.
7.850%, 7/15/29		1,200,000		993,428
				3,677,657
Construction Materials (0.0%)
Lafarge S.A.
7.125%, 7/15/36		200,000		116,000
Metals & Mining (0.2%)
Alcoa, Inc.
7.375%, 8/1/10		666,000		666,362
5.900%, 2/1/27		665,000		372,593
ArcelorMittal S.A.
5.375%, 6/1/13		300,000		232,863
6.125%, 6/1/18		250,000		180,863
Barrick N.A. Finance LLC
7.500%, 9/15/38		100,000		95,785
BHP Billiton Finance USA Ltd.
5.125%, 3/29/12		628,000		638,562
Freeport-McMoRan Copper & Gold, Inc.
8.375%, 4/1/17		1,000,000		935,000
Rio Tinto Finance USA Ltd.
5.875%, 7/15/13		650,000		582,865
7.125%, 7/15/28		300,000		246,304
Teck Cominco Ltd.
6.125%, 10/1/35		322,000		157,780
Vale Overseas Ltd.
6.875%, 11/21/36		1,366,000		1,179,594
Xstrata Canada Corp.
5.500%, 6/15/17		724,000		499,044
				5,787,615
Paper & Forest Products (0.0%)
International Paper Co.
7.400%, 6/15/14		500,000		412,473
Koch Forest Products, Inc.
2.956%, 12/20/12(l)		31,975		28,128
3.292%, 12/20/12(l)		809,524		712,128
3.459%, 12/20/12(l)		26,396		23,220
Weyerhaeuser Co.
7.375%, 3/15/32		1,315,000		878,711
				2,054,660
Total Materials				11,635,932
Telecommunication Services (1.7%)
Diversified Telecommunication Services (1.4%)
Ameritech Capital Funding Corp.
6.550%, 1/15/28		531,000		464,739
AT&T Corp.
7.300%, 11/15/11^		38,000		40,831
8.000%, 11/15/31^		698,000		758,157
AT&T, Inc.
6.250%, 3/15/11		1,351,000		1,411,111
5.500%, 2/1/18		585,000		565,669
6.150%, 9/15/34		676,000		592,260
6.800%, 5/15/36		682,000		644,194
6.500%, 9/1/37		1,950,000		1,759,723
6.300%, 1/15/38^		7,300,000		6,410,218
6.400%, 5/15/38^		13,602,000		12,101,808
BellSouth Capital Funding Corp.
7.875%, 2/15/30		687,000		701,445
BellSouth Corp.
5.200%, 9/15/14		1,107,000		1,113,328
6.000%, 11/15/34		290,000		259,757
British Telecommunications plc
8.625%, 12/15/10		1,346,000		1,400,820
9.125%, 12/15/30		693,000		629,877
Deutsche Telekom International Finance B.V.
6.750%, 8/20/18		500,000		502,153
8.750%, 6/15/30		668,000		713,629
Embarq Corp.
7.082%, 6/1/16		500,000		450,000
France Telecom S.A.
7.750%, 3/1/11		1,149,000		1,230,570
Frontier Communications Corp.
9.000%, 8/15/31		65,000		44,606
GTE Corp.
6.940%, 4/15/28		67,000		59,995
Qwest Corp.
7.625%, 6/15/15		1,580,000		1,422,000
6.500%, 6/1/17		650,000		539,500
Telecom Italia Capital S.A.
5.250%, 10/1/15		472,000		397,969
6.999%, 6/4/18		500,000		453,193
6.375%, 11/15/33		1,374,000		1,001,105
Telefonica Emisiones S.A.U.
5.984%, 6/20/11		1,350,000		1,388,563
6.421%, 6/20/16		300,000		310,180
6.221%, 7/3/17		669,000		685,601
Telefonica Europe B.V.
7.750%, 9/15/10		165,000		172,303
Verizon Communications, Inc.
5.350%, 2/15/11		600,000		613,770
4.350%, 2/15/13		500,000		495,977
5.550%, 2/15/16		1,315,000		1,293,868
5.500%, 2/15/18		298,000		283,793
8.750%, 11/1/18		2,500,000		2,860,450
7.750%, 12/1/30		678,000		690,790
7.750%, 6/15/32		127,000		128,762
5.850%, 9/15/35		262,000		222,599
6.400%, 2/15/38		667,000		604,671
Verizon Maryland, Inc. Series B
5.125%, 6/15/33		139,000		96,291
Verizon New England, Inc.
6.500%, 9/15/11		797,000		825,929
7.875%, 11/15/29		7,000		6,532
Verizon New Jersey, Inc. Series A
5.875%, 1/17/12		312,000		320,566
Verizon New York, Inc. Series A
6.875%, 4/1/12		500,000		512,129
				47,181,431

45

AXA PREMIER VIP TRUST

MULTIMANAGER CORE BOND PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Principal Amount		Value (Note 1)
Wireless Telecommunication Services (0.3%)
America Movil S.A.B. de C.V.
5.625%, 11/15/17	$	1,322,000	$	1,198,902
New Cingular Wireless Services, Inc.
7.875%, 3/1/11		300,000		320,551
8.125%, 5/1/12		1,348,000		1,469,599
Rogers Communications, Inc.
6.800%, 8/15/18		500,000		499,739
Verizon Wireless Capital LLC
5.250%, 2/1/12§		500,000		506,706
5.550%, 2/1/14§		500,000		500,418
8.500%, 11/15/18§		1,270,000		1,450,748
Vodafone Group plc
7.750%, 2/15/10		595,000		617,362
7.875%, 2/15/30		682,000		749,264
6.150%, 2/27/37		669,000		630,785
				7,944,074
Total Telecommunication Services				55,125,505
Utilities (1.2%)
Electric Utilities (1.0%)
Columbus Southern Power Co. Series D
6.600%, 3/1/33		651,000		565,601
Commonwealth Edison Co.
6.150%, 9/15/17		1,330,000		1,263,931
5.900%, 3/15/36		624,000		510,992
Consolidated Edison Co. of New York, Inc. Series 02-B
4.875%, 2/1/13		1,305,000		1,309,296
Series 07-A
6.300%, 8/15/37		628,000		582,030
Dayton Power & Light Co.
5.125%, 10/1/13		900,000		925,311
Detroit Edison Co. Series A
6.625%, 6/1/36		100,000		97,591
Series G
5.600%, 6/15/18		250,000		244,952
Duke Energy Carolinas LLC
6.000%, 1/15/38		500,000		498,585
Duke Energy Ohio, Inc.
5.700%, 9/15/12		1,245,000		1,271,160
EDP Finance B.V.
6.000%, 2/2/18§		875,000		835,355
Enel Finance International S.A.
6.250%, 9/15/17§		7,200,000		6,524,122
Exelon Corp.
4.450%, 6/15/10		636,000		625,358
FirstEnergy Corp. Series B
6.450%, 11/15/11		642,000		642,582
Series C
7.375%, 11/15/31		522,000		424,790
Florida Power & Light Co.
5.550%, 11/1/17		500,000		526,596
4.950%, 6/1/35		875,000		767,981
5.950%, 2/1/38		309,000		312,387
Florida Power Corp.
5.900%, 3/1/33		82,000		80,248
6.400%, 6/15/38		890,000		929,842
Georgia Power Co.
5.400%, 6/1/18		500,000		508,052
5.950%, 2/1/39		250,000		245,863
Hydro Quebec
7.500%, 4/1/16		300,000		365,845
Indiana Michigan Power Co.
7.000%, 3/15/19		250,000		244,127
MidAmerican Energy Co.
6.750%, 12/30/31		273,000		272,333
MidAmerican Energy Holdings Co.
5.950%, 5/15/37		704,000		608,221
6.500%, 9/15/37		600,000		554,861
MidAmerican Funding LLC
6.927%, 3/1/29		682,000		654,637
Nevada Power Co.
7.125%, 3/15/19		500,000		490,888
Northern States Power Co.
5.250%, 3/1/18		500,000		509,381
Oncor Electric Delivery Co.
6.800%, 9/1/18§		500,000		490,256
7.250%, 1/15/33		250,000		230,892
Pacific Gas & Electric Co.
6.250%, 12/1/13		500,000		534,696
6.050%, 3/1/34		657,000		642,903
PacifiCorp
6.000%, 1/15/39		500,000		493,794
Pepco Holdings, Inc.
6.450%, 8/15/12		2,130,000		2,131,186
Progress Energy Carolinas, Inc.
5.300%, 1/15/19		500,000		506,203
PSEG Power LLC
6.950%, 6/1/12		400,000		409,274
Public Service Co. of Colorado
6.250%, 9/1/37		254,000		263,656
Public Service Electric & Gas Co.
5.300%, 5/1/18		250,000		252,032
5.800%, 5/1/37		250,000		239,319
San Diego Gas & Electric Co.
6.125%, 9/15/37		200,000		207,005
Scottish Power Ltd.
4.910%, 3/15/10		330,000		325,354
Southern California Edison Co.
5.750%, 3/15/14		500,000		540,608
Series 08-A
5.950%, 2/1/38		800,000		792,301
Union Electric Co.
6.700%, 2/1/19		500,000		476,260
Virginia Electric & Power Co. Series A
5.400%, 1/15/16		1,316,000		1,331,822
				33,260,479
Gas Utilities (0.0%)
CenterPoint Energy Resources Corp.
6.150%, 5/1/16		300,000		262,527
Consolidated Natural Gas Co.      Series A
5.000%, 3/1/14		75,000		73,471
Panhandle Eastern Pipeline Co.
6.200%, 11/1/17		250,000		214,283
Southern California Gas Co.
5.500%, 3/15/14		200,000		213,550
				763,831
Independent Power Producers & Energy Traders (0.1%)
Constellation Energy Group, Inc.
7.000%, 4/1/12		1,275,000		1,252,252
Tennessee Valley Authority
5.500%, 7/18/17		676,000		754,697
6.750%, 11/1/25		697,000		843,419

46

AXA PREMIER VIP TRUST

MULTIMANAGER CORE BOND PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Principal Amount		Value (Note 1)
6.150%, 1/15/38	$	691,000	$	816,851
				3,667,219
Multi-Utilities (0.1%)
Dominion Resources, Inc. Series 07-A
6.000%, 11/30/17		1,331,000		1,310,094
Series C
5.150%, 7/15/15		383,000		367,366
Series D
5.125%, 12/15/09		45,000		45,279
NiSource Finance Corp.
6.400%, 3/15/18		250,000		202,289
Sempra Energy
9.800%, 2/15/19		600,000		664,581
				2,589,609
Total Utilities				40,281,138
Total Corporate Bonds				938,320,286
Government Securities (91.3%)
Agency ABS (0.6%)
Federal Home Loan Bank
3.375%, 6/24/11		4,000,000		4,141,076
Small Business Administration Series 2003-10A 1
4.628%, 3/10/13		133,424		136,278
Series 2008-P10B 1
5.944%, 8/10/18		3,074,025		3,169,645
Small Business Administration Participation Certificates Series 2004-20A 1
4.930%, 1/1/24		591,950		627,942
Series 2004-20C 1
4.340%, 3/1/24		3,859,893		4,016,008
Series 2005-20B 1
4.625%, 2/1/25		347,539		364,571
Series 2008-20A 1
5.170%, 1/1/28		943,010		998,271
Series 2008-20C 1
5.490%, 3/1/28		3,473,801		3,779,383
Series 2008-20G 1
5.870%, 7/1/28		3,529,472		3,812,756
				21,045,930
Agency CMO (1.0%)
Federal Home Loan Mortgage Corp.
4.500%, 12/15/13		522,347		523,275
4.500%, 2/15/15		1,506,969		1,528,336
4.500%, 1/15/16		1,996,619		2,021,986
5.000%, 7/15/19		1,979,226		2,002,773
4.500%, 10/15/23		377,383		377,267
5.500%, 2/15/26		895,945		909,188
5.500%, 4/15/26		916,487		932,341
0.906%, 12/15/29(l)		19,066		18,474
5.500%, 1/15/31		605,371		628,138
5.929%, 6/15/36 IO(l)		7,491,189		623,697
6.014%, 9/15/36 IO(l)		3,543,954		277,230
5.294%, 1/15/39 IO(l)		2,537,694		173,607
5.894%, 1/15/39 IO(l)		2,537,694		193,221
Federal National Mortgage Association
4.500%, 2/25/17		1,333,058		1,357,059
4.500%, 3/25/17		1,074,648		1,094,821
5.500%, 9/25/24		694,797		701,712
5.500%, 10/25/24		848,132		857,444
5.500%, 3/25/25		2,137,480		2,163,229
5.500%, 1/25/26		2,292,344		2,322,955
5.500%, 5/25/27		678,625		690,761
6.000%, 8/25/28		283,290		286,228
6.000%, 9/25/30		1,377,921		1,378,836
6.000%, 1/25/32		2,593,936		2,668,078
8.699%, 6/25/32(l)		140,070		148,654
5.310%, 8/25/33		2,900,000		2,966,158
6.000%, 10/25/33		2,570,951		2,644,190
6.500%, 7/25/34		388,890		408,524
5.000%, 7/1/36 IO STRIPS		3,511,667		376,988
6.238%, 4/25/37 IO(l)		8,870,216		705,523
5.748%, 2/25/38 IO(l)		4,522,588		380,021
Government National Mortgage Association
6.500%, 6/20/32		172,538		183,505
5.955%, 7/20/37 IO(l)		6,065,853		393,332
5.965%, 11/20/37 IO(l)		3,664,101		228,748
6.005%, 11/20/37 IO(l)		9,648,974		559,194
				32,725,493
Foreign Governments (1.4%)
Eksportfinans A/S
5.000%, 2/14/12		1,232,000		1,281,278
5.500%, 5/25/16		1,675,000		1,767,267
Emirate of Abu Dhabi
5.500%, 8/2/12§		3,100,000		3,327,261
Export Development Canada
2.625%, 11/15/11		1,000,000		1,008,060
Export-Import Bank of China
5.250%, 7/29/14§		3,700,000		3,869,338
Export-Import Bank of Korea
5.125%, 2/14/11		700,000		688,598
Federative Republic of Brazil
6.000%, 1/17/17		2,700,000		2,693,250
8.000%, 1/15/18		1,500,000		1,636,500
8.250%, 1/20/34		1,351,000		1,499,610
Israel Government AID Bond
5.500%, 4/26/24		585,000		659,035
5.500%, 9/18/33		583,000		709,721
Oesterreichische Kontrollbank AG
2.875%, 3/15/11		500,000		508,150
4.875%, 2/16/16		2,749,000		3,033,340
Province of British Columbia
6.500%, 1/15/26		300,000		369,323
Province of Manitoba
4.900%, 12/6/16		500,000		512,632
Province of Nova Scotia
5.125%, 1/26/17		1,455,000		1,555,177
Province of Ontario
2.625%, 1/20/12		1,500,000		1,507,915
3.500%, 7/15/13		1,000,000		1,022,839
Province of Quebec
4.600%, 5/26/15		1,372,000		1,421,251
7.500%, 9/15/29		500,000		644,476
Republic of Chile
5.500%, 1/15/13		300,000		321,000
Republic of Croatia
4.000%, 7/30/10(l)		308,864		291,045
Republic of Italy
5.625%, 6/15/12		1,256,000		1,333,014
4.500%, 1/21/15		2,699,000		2,706,220
6.875%, 9/27/23		656,000		748,080
Republic of Panama
9.375%, 4/1/29		298,000		326,489
Republic of Peru
8.375%, 5/3/16		300,000		333,150
7.125%, 3/30/19		100,000		101,350
6.550%, 3/14/37		677,000		605,915

47

AXA PREMIER VIP TRUST

MULTIMANAGER CORE BOND PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Principal Amount		Value (Note 1)
Republic of South Africa
7.375%, 4/25/12	$	60,000	$	62,676
6.500%, 6/2/14		1,480,000		1,480,000
State of Israel
5.500%, 11/9/16		656,000		705,200
Svensk Exportkredit AB
4.500%, 9/27/10		1,000,000		1,034,749
United Mexican States
6.625%, 3/3/15		670,000		705,175
8.125%, 12/30/19		1,356,000		1,518,720
8.300%, 8/15/31		1,370,000		1,518,645
6.750%, 9/27/34		1,078,000		1,015,260
				44,521,709
Municipal Bonds (1.0%)
Buckeye Tobacco Settlement Financing Authority
6.000%, 6/1/42		4,100,000		2,364,839
California Educational Facilities Authority
4.750%, 10/1/37		900,000		820,224
California State University
5.000%, 11/1/30		300,000		278,523
Chabot-Las Positas, California Community College District (Zero Coupon), 8/1/22		6,230,000		3,118,613
City of Chicago, Illinois
7.222%, 4/2/09(l)§		300,000		239,280
City of Houston, Texas
5.375%, 11/15/38		1,100,000		1,073,655
Golden State Tobacco Securitization Corp.
5.750%, 6/1/47		300,000		170,961
Los Angeles, California Community College District
5.000%, 8/1/27		1,100,000		1,074,128
5.000%, 8/1/31		200,000		191,428
5.000%, 8/1/32		1,000,000		943,430
Los Angeles, California Unified School District
4.500%, 7/1/22		1,500,000		1,502,985
4.500%, 7/1/24		1,300,000		1,244,867
4.500%, 7/1/25		1,700,000		1,557,710
4.500%, 1/1/28		1,500,000		1,318,815
Los Gatos, California Union School District
5.000%, 8/1/30		160,000		156,701
New York City Municipal Water Finance Authority
8.850%, 4/9/09(l)§		100,000		97,062
5.000%, 6/15/37		1,900,000		1,841,233
Puerto Rico Sales Tax Financing Corp. (Zero Coupon), 8/1/54		1,100,000		47,377
San Bernardino, California Community College District
5.000%, 8/1/31		1,500,000		1,464,405
State of California
4.500%, 8/1/28		2,200,000		1,844,568
5.000%, 11/1/37		600,000		515,916
5.000%, 12/1/37		1,200,000		1,031,664
6.000%, 4/1/38		1,700,000		1,695,359
State of Texas
4.750%, 4/1/37		6,500,000		6,228,235
Tobacco Settlement Financing Corp./New Jersey
5.000%, 6/1/29		1,010,000		629,129
5.000%, 6/1/41		400,000		207,324
				31,658,431
Supranational (0.6%)
Asian Development Bank
2.125%, 3/15/12		2,000,000		1,999,310
European Bank for Reconstruction & Development
3.625%, 6/17/13		400,000		426,843
European Investment Bank
4.125%, 9/15/10		1,339,000		1,391,421
3.250%, 10/14/11		2,000,000		2,077,064
4.625%, 5/15/14		5,320,000		5,719,755
4.875%, 2/16/16		1,334,000		1,450,522
Inter-American Development Bank
5.000%, 4/5/11		1,199,000		1,272,044
4.250%, 9/10/18		1,368,000		1,424,739
International Bank for Reconstruction & Development
3.500%, 10/8/13		1,000,000		1,039,033
7.625%, 1/19/23		694,000		947,109
Nordic Investment Bank
3.125%, 2/15/11		1,000,000		1,020,349
5.000%, 2/1/17		300,000		339,647
				19,107,836
U.S. Government Agencies (70.5%)
Federal Farm Credit Bank
4.750%, 5/7/10		1,350,000		1,403,954
5.375%, 7/18/11		2,715,000		2,938,238
3.875%, 8/25/11		1,355,000		1,424,640
4.100%, 5/15/13		1,350,000		1,354,703
5.125%, 8/25/16		685,000		753,990
4.875%, 1/17/17		840,000		914,685
Federal Home Loan Bank
4.000%, 4/20/09(e)		1,800,000		1,803,316
2.375%, 4/30/10		6,780,000		6,879,246
3.375%, 8/13/10		6,770,000		6,973,885
3.375%, 10/20/10		2,710,000		2,798,826
4.875%, 11/18/11		5,420,000		5,868,510
2.250%, 4/13/12		3,000,000		3,022,905
5.250%, 6/5/17		1,350,000		1,527,705
5.000%, 11/17/17		2,740,000		2,993,771
5.625%, 6/11/21#		5,280,000		5,923,289
5.500%, 7/15/36		690,000		787,928
Federal Home Loan Bank of Chicago
5.625%, 6/13/16		2,450,000		2,391,783
Federal Home Loan Mortgage Corp.
2.875%, 4/30/10		12,500,000		12,734,100
4.000%, 6/1/10		531,411		536,542
2.050%, 3/9/11		500,000		501,835
2.000%, 3/16/11		1,000,000		1,000,740
1.625%, 4/26/11		1,000,000		1,002,952
2.625%, 3/19/12		250,000		251,141
2.125%, 3/23/12^		14,100,000		14,206,850
2.500%, 3/23/12		250,000		250,455
2.500%, 4/8/13		250,000		250,177
4.875%, 11/15/13		5,440,000		6,032,683
6.000%, 1/1/14		17,836		18,545
5.500%, 2/1/14		134,813		139,931
3.250%, 3/3/14		1,000,000		1,001,664
6.000%, 7/1/14		10,650		11,087
4.500%, 1/15/15		2,710,000		2,977,848
4.750%, 11/17/15		2,928,000		3,242,148
5.750%, 6/27/16^		2,600,000		2,710,131
6.000%, 2/1/17		297,051		312,673
6.000%, 3/1/17		10,338		10,890
6.500%, 3/1/17		75,956		79,692
6.000%, 4/1/17		263,709		276,511
6.000%, 5/1/17		2,100		2,214
6.000%, 7/1/17		44,028		46,377
6.000%, 8/1/17		79,616		83,404
5.500%, 11/1/17		77,467		81,334
4.875%, 6/13/18		4,000,000		4,435,816
5.000%, 12/14/18		3,600,000		3,476,099
5.000%, 3/25/19		500,000		502,352
3.750%, 3/27/19		500,000		506,716
4.500%, 4/1/21		5,837,706		6,046,161

48

AXA PREMIER VIP TRUST

MULTIMANAGER CORE BOND PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Principal Amount		Value (Note 1)
5.500%, 3/1/23	$	53,740	$	56,044
4.500%, 12/1/23		5,160,501		5,316,262
6.750%, 3/15/31		693,000		924,364
6.500%, 4/1/31		670		712
5.030%, 11/1/31(l)		19,432		19,756
5.500%, 3/1/32		1,204,834		1,256,340
6.250%, 7/15/32		836,000		1,062,314
5.500%, 12/1/33		56,743		59,148
5.000%, 4/1/34		2,338,806		2,419,682
5.500%, 10/1/34		1,439,672		1,500,703
4.774%, 1/1/35(l)		2,768,025		2,839,654
6.000%, 2/1/35		831,775		870,935
5.500%, 10/1/35		484,077		503,388
5.500%, 11/1/35		19,124,313		19,887,232
5.313%, 4/1/36(l)		2,735,444		2,821,074
5.540%, 4/1/36(l)		4,168,261		4,322,450
5.000%, 5/1/36		225,673		233,089
5.849%, 11/1/36(l)		1,295,942		1,342,456
5.672%, 1/1/37(l)		3,870,211		4,010,659
5.876%, 4/1/37(l)		6,223,755		6,479,147
5.414%, 6/1/37(l)		849,570		879,199
5.515%, 6/1/37(l)		8,339,806		8,654,920
5.566%, 6/1/37(l)		953,910		990,820
6.000%, 6/1/37		2,391,153		2,502,608
5.458%, 7/1/37(l)		1,426,039		1,478,178
5.500%, 8/1/37		911,003		946,306
5.500%, 10/1/37		5,125,245		5,323,810
6.000%, 10/1/37		11,041,600		11,556,263
6.000%, 11/1/37		674,935		706,394
5.500%, 1/1/38		765,005		794,643
5.500%, 4/1/38		21,963,927		22,814,866
6.000%, 6/1/38		252,940		264,769
5.500%, 8/1/38		14,413,682		14,972,105
4.500%, 2/1/39		1,382,767		1,413,042
4.500%, 3/1/39		3,790,000		3,872,980
4.000%, 4/15/24 TBA		3,000,000		3,045,936
4.500%, 4/15/24 TBA		100,000		102,875
5.000%, 4/15/24 TBA		10,000,000		10,365,620
6.000%, 4/15/24 TBA		1,800,000		1,884,938
4.500%, 4/15/39 TBA		5,000,000		5,103,125
6.000%, 4/15/39 TBA		117,000,000		122,301,504
6.500%, 4/15/39 TBA		15,000,000		15,810,930
4.500%, 5/15/39 TBA		7,000,000		7,120,316
Federal National Mortgage Association
2.500%, 4/9/10		4,062,000		4,115,046
4.750%, 12/15/10		2,908,000		3,082,733
2.000%, 2/11/11		500,000		501,517
2.000%, 3/2/11		500,000		501,363
1.750%, 3/23/11		12,090,000		12,167,799
2.000%, 4/1/11		2,000,000		2,005,210
2.125%, 4/15/11		250,000		251,188
6.000%, 5/15/11		2,711,000		2,973,110
2.000%, 1/9/12		5,191,000		5,243,325
2.500%, 3/19/12		2,000,000		2,012,326
4.625%, 5/1/13		1,695,000		1,732,866
4.350%, 5/29/13		2,703,000		2,717,510
4.625%, 10/15/13		3,790,000		4,161,663
2.875%, 12/11/13		4,537,000		4,637,862
5.125%, 1/2/14		772,000		797,870
3.000%, 1/13/14		2,687,000		2,685,450
2.750%, 2/5/14^		6,175,000		6,265,668
3.150%, 2/18/14		250,000		250,335
3.375%, 3/10/14		250,000		251,689
2.750%, 3/13/14		12,800,000		12,952,794
4.000%, 5/1/14		4,167,540		4,250,711
7.000%, 4/1/15		42,835		44,770
4.375%, 10/15/15		2,028,000		2,195,705
4.000%, 3/10/16		2,000,000		2,023,196
5.000%, 3/15/16		2,036,000		2,259,488
7.000%, 4/1/16		57,679		60,469
6.000%, 8/1/16		174,699		183,491
5.500%, 2/1/17		253,585		266,244
5.500%, 6/1/17		80,316		84,325
5.375%, 6/12/17		1,000,000		1,116,403
5.500%, 8/1/17		67,944		71,335
5.500%, 10/1/17		71,236		74,792
5.500%, 12/1/17		4,966		5,214
5.500%, 1/1/18		251,836		264,407
5.000%, 3/1/18		3,013,869		3,149,744
5.500%, 4/1/18		281,330		295,022
5.000%, 10/1/18		13,450		14,056
5.500%, 10/1/18		11,141		11,683
5.500%, 11/1/18		2,570,518		2,698,830
5.000%, 1/1/19		440,652		460,518
5.500%, 3/1/19		259,546		272,329
5.500%, 5/1/19		658,486		691,355
5.500%, 7/1/19		76,775		80,440
5.500%, 8/1/19		440,260		461,135
5.500%, 9/1/19		241,143		252,578
5.500%, 11/1/19		231,280		242,246
5.000%, 12/1/19		6,065,998		6,323,308
5.500%, 6/1/20		2,219,239		2,328,894
5.500%, 10/1/20		436,403		456,278
4.500%, 12/1/20		20,659,452		21,397,167
5.500%, 1/1/21		275,158		287,345
5.500%, 2/1/21		99,210		103,604
6.000%, 5/1/21		993,515		1,041,255
6.000%, 8/1/21		2,722,742		2,853,575
6.000%, 10/1/21		1,109,046		1,162,338
5.000%, 1/1/22		189,182		196,647
5.000%, 3/1/22		559,560		581,027
5.000%, 10/1/22		33,110		34,380
5.000%, 12/1/22		10,998,908		11,420,877
5.500%, 12/1/22		5,400,363		5,636,720
5.500%, 3/1/23		643,006		671,148
4.000%, 4/1/23		2,571,107		2,617,804
4.500%, 4/1/23		969,270		999,132
5.000%, 4/1/23		826,490		858,152
4.500%, 5/1/23		1,858,165		1,915,412
4.000%, 6/1/23		1,535,534		1,563,424
5.000%, 7/1/23		824,219		855,793
5.000%, 8/1/23		1,756,224		1,823,502
5.500%, 8/1/23		6,279,656		6,554,496
4.896%, 2/1/24(l)		3,987		3,985
4.500%, 4/1/24		10,065,398		10,374,490
4.983%, 6/1/24(l)		2,277		2,275
5.800%, 2/9/26		680,000		707,026
6.318%, 6/15/27		21,400,000		23,006,990
4.880%, 1/1/28(l)		163,091		164,552
7.125%, 1/15/30		1,586,000		2,179,224
6.500%, 2/1/31		1,163		1,236
6.500%, 8/1/31		544		578
7.000%, 4/1/32		73,034		78,702
7.000%, 5/1/32		7,430		8,003
6.500%, 6/1/32		90,076		95,607
6.500%, 8/1/32		128,660		136,720
6.500%, 9/1/32		1,178,801		1,251,175
5.500%, 11/1/32		419,875		437,753
5.500%, 12/1/32		58,988		61,500
5.000%, 1/1/33		2,432,624		2,520,236
5.500%, 1/1/33		783,938		817,317
5.500%, 2/1/33		1,706,380		1,778,929

49

AXA PREMIER VIP TRUST

MULTIMANAGER CORE BOND PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Principal Amount		Value (Note 1)
4.375%, 3/1/33(l)	$	180,457	$	180,222
5.500%, 3/1/33		2,643,370		2,755,093
5.500%, 6/1/33		24,074,905		25,094,915
5.000%, 7/1/33		845,607		876,062
5.500%, 7/1/33		90,029		93,834
5.000%, 8/1/33		5,622,677		5,820,789
5.500%, 8/1/33		110,130		114,785
5.500%, 10/1/33		813,023		847,386
6.500%, 10/1/33		6,893		7,308
5.000%, 11/1/33		2,180,998		2,257,844
5.500%, 11/1/33		788,485		821,811
5.500%, 12/1/33		327,988		341,851
5.000%, 2/1/34		1,144,418		1,183,668
5.500%, 2/1/34		1,132,001		1,178,431
6.000%, 2/1/34		2,337,587		2,454,216
5.000%, 3/1/34		3,515,297		3,639,157
5.500%, 3/1/34		5,582,281		5,811,242
5.000%, 4/1/34		3,023,638		3,127,339
5.500%, 4/1/34		8,704,869		9,073,227
5.000%, 5/1/34		2,721,750		2,815,097
5.500%, 5/1/34		5,500,249		5,730,645
5.500%, 6/1/34		1,451,294		1,511,178
5.000%, 7/1/34		1,963,564		2,032,749
5.500%, 7/1/34		1,507,380		1,569,931
5.000%, 8/1/34		4,267,784		4,421,491
5.500%, 8/1/34		540,642		563,263
6.000%, 8/1/34		1,429,120		1,500,423
5.500%, 9/1/34		14,706,012		15,309,188
6.500%, 9/1/34		334,924		354,441
5.500%, 11/1/34		30,136,527		31,372,595
5.000%, 12/1/34		2,184,186		2,261,144
5.500%, 1/1/35		44,463,963		46,287,680
5.000%, 2/1/35		825,995		854,324
5.500%, 2/1/35		25,885,187		26,976,479
6.500%, 2/1/35		814,144		859,422
5.000%, 3/1/35		1,160,929		1,200,745
6.000%, 3/1/35		15,519		16,244
4.850%, 4/1/35(l)		2,253,230		2,302,583
6.000%, 4/1/35		7,750,532		8,142,070
6.000%, 5/1/35		664,527		695,605
5.000%, 7/1/35		11,900,494		12,308,644
6.000%, 7/1/35		407,960		427,039
5.500%, 8/1/35		8,782,316		9,139,172
6.000%, 8/1/35		1,162,465		1,216,831
5.000%, 9/1/35		1,082,131		1,120,259
6.000%, 9/1/35		1,284,135		1,344,191
4.500%, 10/1/35		279,147		285,660
5.000%, 10/1/35		480,534		496,939
5.500%, 10/1/35		15,802,739		16,442,693
6.000%, 10/1/35		2,749,351		2,877,930
5.000%, 11/1/35		8,571,450		8,864,085
6.000%, 11/1/35		2,219,765		2,323,578
5.500%, 12/1/35		5,071,311		5,279,314
6.000%, 12/1/35		27,560		28,849
6.500%, 12/1/35		805,410		850,203
5.272%, 1/1/36(l)		2,809,549		2,888,357
6.000%, 1/1/36		707,935		741,043
5.000%, 2/1/36		9,922,035		10,260,779
6.000%, 2/1/36		710,352		743,573
6.000%, 3/1/36		15,252,794		15,966,120
5.500%, 4/1/36		47,889		49,763
6.000%, 4/1/36		75,831		79,342
6.000%, 5/1/36		2,365,294		2,474,803
5.500%, 6/1/36		474,298		493,752
6.000%, 6/1/36		4,267,138		4,464,702
6.500%, 6/1/36		23,903		25,210
5.000%, 7/1/36		24,382,897		25,192,485
5.500%, 7/1/36		5,224,401		5,438,683
6.000%, 7/1/36		4,338,636		4,539,510
6.500%, 7/1/36		42,983		45,334
6.000%, 8/1/36		10,140,970		10,610,485
6.500%, 8/1/36		4,761,137		5,037,374
5.500%, 9/1/36		29,355,154		30,595,868
6.000%, 9/1/36		11,693,828		12,235,239
6.000%, 10/1/36		6,775,174		7,088,855
6.500%, 10/1/36		4,324,474		4,560,926
6.000%, 11/1/36		1,922,529		2,011,539
6.000%, 12/1/36		4,296,433		4,495,352
6.500%, 12/1/36		2,283,853		2,408,729
5.500%, 1/1/37		967,340		1,005,203
6.000%, 1/1/37		1,402,066		1,466,980
7.000%, 1/1/37		63,198		67,390
5.000%, 2/1/37		538,421		556,184
5.500%, 2/1/37		417,050		433,298
6.000%, 2/1/37		1,356,219		1,418,646
5.500%, 3/1/37		2,570,550		2,670,617
6.500%, 3/1/37		402,272		424,245
5.500%, 4/1/37		2,445,043		2,540,224
5.576%, 4/1/37(l)		2,513,121		2,602,005
6.000%, 4/1/37		8,543,941		8,933,694
7.000%, 4/1/37		2,597,422		2,769,726
5.500%, 5/1/37		473,892		492,340
6.500%, 5/1/37		442,479		466,648
6.000%, 6/1/37		270,107		282,429
5.000%, 7/1/37		1,867,947		1,929,572
5.500%, 7/1/37		1,199,006		1,245,681
6.000%, 7/1/37		18,423,079		19,263,495
5.625%, 7/15/37		695,000		775,883
5.500%, 8/1/37		13,915,853		14,481,842
6.000%, 8/1/37		73,279		76,672
5.000%, 9/1/37		266,945		275,752
5.809%, 9/1/37(l)		9,148,533		9,510,315
6.000%, 9/1/37		30,304,830		31,687,263
6.500%, 9/1/37		2,142,318		2,259,334
5.500%, 10/1/37		689,153		716,127
6.500%, 10/1/37		2,718,077		2,866,647
5.000%, 11/1/37		169,327		174,913
6.000%, 11/1/37		5,663,023		5,921,356
7.500%, 11/1/37		832,167		885,462
5.500%, 12/1/37		3,770,233		3,917,396
6.500%, 12/1/37		5,204,320		5,488,588
5.000%, 1/1/38		1,162,529		1,200,883
5.500%, 1/1/38		33,513,249		34,817,857
5.000%, 2/1/38		25,847,103		26,720,846
5.500%, 2/1/38		3,986,321		4,141,753
6.000%, 2/1/38		18,143,994		18,971,680
5.000%, 3/1/38		4,641,199		4,794,315
6.000%, 3/1/38		89,048		93,111
6.500%, 3/1/38		648,140		683,543
5.500%, 4/1/38		1,838,364		1,909,928
5.500%, 5/1/38		7,562,432		7,856,823
6.000%, 5/1/38		20,293,546		21,219,288
5.000%, 6/1/38		583,073		602,309
5.500%, 6/1/38		57,496,378		59,740,149
6.000%, 6/1/38		2,773,541		2,900,063
5.500%, 7/1/38		2,487,033		2,583,848
6.000%, 7/1/38		716,673		749,366
5.500%, 8/1/38		232,357		241,403
6.000%, 8/1/38		3,423,779		3,579,963
5.500%, 9/1/38		9,256,513		9,616,851
6.500%, 9/1/38		963,452		1,016,078
5.500%, 10/1/38		4,790,083		4,976,552

50

AXA PREMIER VIP TRUST

MULTIMANAGER CORE BOND PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Principal Amount		Value (Note 1)
5.500%, 11/1/38	$	4,915,170	$	5,106,508
6.500%, 11/1/38		5,411,879		5,707,484
5.500%, 12/1/38		17,670,981		18,358,878
5.433%, 1/1/39(l)		14,946,425		15,493,846
4.500%, 3/1/39		9,355,853		9,571,201
5.049%, 12/1/40(l)		110,768		112,325
4.000%, 4/25/24 TBA		1,800,000		1,829,812
4.500%, 4/25/24 TBA		3,000,000		3,088,125
5.000%, 4/25/24 TBA		2,500,000		2,592,188
5.000%, 5/25/24 TBA		10,500,000		10,857,651
4.000%, 4/25/39 TBA		3,000,000		3,016,172
4.500%, 4/25/39 TBA		5,400,000		5,518,125
5.500%, 4/25/39 TBA		415,002,000		430,694,056
6.000%, 4/25/39 TBA		223,800,000		233,590,376
6.500%, 4/25/39 TBA		39,300,000		41,387,813
6.500%, 5/25/39 TBA		1,000,000		1,049,375
Government National Mortgage Association
4.625%, 7/20/27(l)		8,015		8,050
6.000%, 9/15/28		10,140		10,655
6.000%, 11/15/28		18,092		19,026
6.000%, 1/15/29		27,707		29,169
6.000%, 2/15/29		16,971		17,866
6.000%, 6/15/29		16,211		17,066
7.000%, 9/15/31		34,317		36,899
7.000%, 10/15/31		5,403		5,812
6.000%, 11/15/31		11,339		11,937
6.000%, 12/15/31		47,774		50,294
7.000%, 2/15/32		26,438		28,252
7.000%, 4/15/32		20,881		22,314
6.500%, 5/15/32		617,272		656,477
7.000%, 5/15/32		21,580		23,209
6.000%, 7/15/32		27,614		29,062
6.000%, 8/15/32		30,208		31,793
6.000%, 1/15/33		18,905		19,884
6.500%, 1/15/33		518,070		552,610
6.000%, 2/15/33		83,595		87,927
6.500%, 2/15/33		650,100		694,015
7.000%, 2/15/33		18,751		19,947
5.500%, 4/15/33		82,490		86,175
6.500%, 6/15/34		661,292		705,644
6.500%, 8/15/34		5,073,909		5,344,034
6.000%, 9/15/34		1,084,441		1,137,934
6.000%, 12/15/34		113,432		119,027
6.000%, 1/15/35		371,143		388,871
6.000%, 2/15/35		178,492		187,018
6.000%, 3/15/35		763,764		800,245
6.000%, 5/15/35		43,434		45,509
6.000%, 7/15/35		456,212		481,590
6.000%, 9/15/35		56,670		59,377
6.000%, 10/15/35		156,797		164,286
6.000%, 12/15/35		268,501		281,326
6.500%, 12/15/35		6,064,377		6,381,393
6.000%, 1/15/36		104,527		109,454
6.000%, 2/15/36		166,399		174,243
6.000%, 3/15/36		128,286		134,333
6.000%, 4/15/36		151,638		158,787
6.000%, 5/15/36		817,802		856,353
6.000%, 6/15/36		1,092,377		1,143,871
6.000%, 7/15/36		2,280,936		2,388,460
6.000%, 8/15/36		3,078,692		3,223,662
6.000%, 9/15/36		1,596,412		1,671,667
6.000%, 10/15/36		2,637,763		2,762,107
6.000%, 11/15/36		70,039		73,341
6.000%, 2/15/37		904,112		946,732
6.000%, 6/15/37		54,878		57,465
6.000%, 11/15/37		54,298		56,857
6.000%, 2/15/38		499,999		523,101
6.000%, 4/15/38		5,081,553		5,320,299
6.000%, 5/15/38		23,210		24,282
6.000%, 6/15/38		499,999		523,101
6.000%, 8/15/38		91,976		96,225
6.000%, 9/15/38		517,161		541,480
6.000%, 10/15/38		2,707,050		2,832,123
6.000%, 11/15/38		451,363		472,218
6.000%, 12/15/38		4,719,004		4,937,034
6.500%, 12/15/38		1,500,001		1,575,584
5.500%, 1/15/39		26,997,841		28,135,534
6.000%, 1/15/39		401,284		419,824
4.500%, 4/15/39 TBA		2,000,000		2,045,624
5.000%, 4/15/39 TBA		12,000,000		12,442,500
6.000%, 4/15/39 TBA		15,600,000		16,277,633
4.500%, 5/15/39 TBA		7,000,000		7,135,625
5.500%, 5/15/39 TBA		10,700,000		11,101,312
Resolution Funding Corp.
0.000%, 7/15/18 STRIPS		75,000		52,994
0.000%, 10/15/18 STRIPS		75,000		52,476
Small Business Administration Series P10A
4.504%, 2/1/14		432,159		432,028
Small Business Administration Participation Certificates
4.524%, 2/10/13		110,787		113,028
U.S. Department of Housing and Urban Development Series 03-A
5.380%, 8/1/18		1,660,000		1,801,381
				2,308,541,973
U.S. Treasuries (16.2%)
U.S. Treasury Bonds
11.250%, 2/15/15		2,716,000		4,097,977
9.250%, 2/15/16		3,684,000		5,301,795
7.250%, 5/15/16		2,734,000		3,603,114
7.500%, 11/15/16		4,095,000		5,497,857
8.875%, 8/15/17		4,107,000		5,992,368
8.500%, 2/15/20		6,627,000		9,894,939
8.750%, 8/15/20		6,585,000		10,046,241
8.000%, 11/15/21		9,575,000		14,168,013
6.750%, 8/15/26		2,755,000		3,918,987
6.625%, 2/15/27		4,823,000		6,792,139
6.375%, 8/15/27		1,634,000		2,251,345
6.125%, 11/15/27		2,258,000		3,035,599
6.125%, 8/15/29		7,088,000		9,648,540
6.250%, 5/15/30		1,000,000		1,387,812
5.375%, 2/15/31		2,770,000		3,492,363
4.750%, 2/15/37		3,581,000		4,290,486
5.000%, 5/15/37		2,793,000		3,474,665
4.375%, 2/15/38		5,604,000		6,365,797
3.500%, 2/15/39		1,500,000		1,482,195
U.S. Treasury Notes
2.625%, 5/31/10		20,320,000		20,793,862
2.375%, 8/31/10		27,103,000		27,766,807
1.500%, 10/31/10		13,554,000		13,715,482
0.875%, 12/31/10		10,847,000		10,866,915
0.875%, 1/31/11		10,000,000		10,021,900
0.875%, 2/28/11		7,000,000		7,013,370
4.500%, 2/28/11		2,711,000		2,901,193
0.875%, 3/31/11		5,000,000		5,006,640
5.125%, 6/30/11		6,774,000		7,427,054
4.500%, 9/30/11		2,710,000		2,946,279
4.500%, 11/30/11		2,710,000		2,959,404
4.625%, 12/31/11		14,980,000		16,444,055
1.375%, 3/15/12		5,000,000		5,034,765
4.500%, 3/31/12		10,840,000		11,905,366

51

AXA PREMIER VIP TRUST

MULTIMANAGER CORE BOND PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Principal Amount			Value (Note 1)
4.500%, 4/30/12	$	6,778,000		$	7,451,564
4.750%, 5/31/12		5,000,000			5,544,920
4.125%, 8/31/12		5,420,000			5,935,746
3.625%, 12/31/12		6,780,000			7,348,354
3.125%, 4/30/13		9,487,000			10,151,830
3.375%, 6/30/13		9,490,000			10,258,842
3.375%, 7/31/13		10,563,000			11,427,846
2.750%, 10/31/13		5,848,000			6,167,815
4.250%, 11/15/13		5,000,000			5,607,030
2.000%, 11/30/13		8,139,000			8,306,867
1.500%, 12/31/13		3,782,000			3,772,545
2.000%, 1/15/14 TIPS		28,515,750			29,380,119
1.750%, 1/31/14		4,000,000			4,027,200
1.875%, 2/28/14		36,015,000			36,409,004
1.750%, 3/31/14		5,000,000			5,017,190
4.000%, 2/15/15		9,082,000			10,159,071
4.125%, 5/15/15		5,000,000			5,647,265
1.875%, 7/15/15 TIPS		4,500,000			5,011,497
2.375%, 3/31/16		5,000,000			5,032,420
5.125%, 5/15/16		4,087,000			4,875,664
4.875%, 8/15/16		11,810,000			13,896,130
4.625%, 2/15/17		5,458,000			6,341,514
4.750%, 8/15/17		8,186,000			9,575,066
4.250%, 11/15/17		6,650,000			7,543,594
3.875%, 5/15/18		7,432,000			8,198,425
4.000%, 8/15/18		5,000,000			5,556,250
3.750%, 11/15/18		12,000,000			13,080,960
2.750%, 2/15/19		30,625,000			30,792,519
					532,062,571
Total Government Securities					2,989,663,943
Total Long-Term Debt Securities (126.9%) (Cost $4,251,774,357)					4,153,385,738
	Number of Shares			Value (Note 1)
CONVERTIBLE PREFERRED STOCK:
Financials (0.1%)
Commercial Banks (0.1%)
Wells Fargo & Co. Series L
7.500%
(Cost $5,000,000)		5,000			2,394,950
	Principal Amount			Value (Note 1)
SHORT-TERM INVESTMENTS:
Government Securities (2.3%)
Federal Home Loan Bank
0.04%, 4/7/09 (o)(p)	$	3,290,000			3,289,973
0.05%, 4/16/09 (o)(p)		13,100,000			13,099,725
Federal Home Loan Mortgage Corp.
0.19%, 6/22/09 (o)(p)		9,700,000			9,695,800
Federal National Mortgage Association
0.05%, 4/13/09 (o)(p)		50,900,000			50,899,135
Total Government Securities					76,984,633
Short-Term Investments of Cash Collateral for Securities Loaned (0.3%)
Banco de Sabadell S.A.
1.17%, 4/23/09 (l)		430,000			430,000
BBVA Senior Finance S.A.
1.38%, 3/12/10 (l)		320,000			314,304
Deutsche Bank Securities, Inc., Repurchase Agreement
0.25%, 4/1/09 (r)(u)		4,466,982			4,466,982
General Electric Capital Corp.
0.40%, 3/12/10 (l)		60,000			56,714
K2 (USA) LLC
0.37%, 5/29/09 (l)		569,961			569,961
0.37%, 6/18/09 (l)		719,947			717,541
Lehman Brothers Holdings, Inc.
0.00%, 8/21/09 (h)(s)		359,998			43,200
Links Finance LLC
0.37%, 6/25/09 (l)		209,987			209,080
Monumental Global Funding II
0.43%, 5/26/10 (l)		670,000			569,500
Morgan Stanley
0.46%, 5/7/09 (l)		720,000			720,000
Pricoa Global Funding I
0.40%, 6/25/10 (l)		429,946			388,075
Total Short-Term Investments of Cash Collateral for Securities Loaned					8,485,357
Time Deposit (2.6%)
JPMorgan Chase Nassau
0.004%, 4/1/09		84,758,061			84,758,061
Total Short-Term Investments (5.2%) (Cost/Amortized Cost $170,696,985)					170,228,051
	Number of Contracts			Value (Note 1)
OPTIONS PURCHASED:
Call Option Purchased (0.0%)
U.S. Treasury Bonds
May 2009 @ $174.00*		1,422			22,219
Put Options Purchased (0.0%)
Federal National Mortgage Association
June 2009 @ $87.25(b)*		124,000,000			744
June 2009 @ $92.50(b)*		84,000,000			2,100
					2,844
Total Options Purchased (0.0%) (Cost $50,149)					25,063
Total Investments Before Securities Sold Short (132.2%) (Cost/Amortized Cost $4,427,521,491)					4,326,033,802
	Principal Amount			Value (Note 1)
SECURITIES SOLD SHORT:
U.S. Government Agencies (-3.8%)
Federal Home Loan Mortgage Corp.
4.500%, 4/15/39 TBA	$	(5,100,000	)	$	(5,205,188	)
5.000%, 4/15/39 TBA		(900,000	)		(928,125	)
5.500%, 4/15/39 TBA		(4,200,000	)		(4,357,500	)
Federal National Mortgage Association
5.500%, 4/25/24 TBA		(3,400,000	)		(3,544,500	)
5.000%, 4/25/39 TBA		(24,900,000	)		(25,693,688	)
5.500%, 4/25/39 TBA		(5,000,000	)		(5,189,060	)
6.000%, 4/25/39 TBA		(30,400,000	)		(31,749,000	)
5.500%, 5/25/39 TBA		(27,200,000	)		(28,160,486	)
6.500%, 5/25/39 TBA		(6,100,000	)		(6,401,187	)
Government National Mortgage Association
6.000%, 4/15/39 TBA		(6,300,000	)		(6,581,534	)
6.500%, 4/15/39 TBA		(5,500,000	)		(5,769,841	)

52

AXA PREMIER VIP TRUST

MULTIMANAGER CORE BOND PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Principal Amount	Value (Note 1)
Total Securities Sold Short (-3.8%) (Proceeds Received $122,835,532)		$	(123,580,109	)
Total Investments after Securities Sold Short (128.4%) (Cost/Amortized Cost $4,304,685,959)			4,202,453,693
Other Assets Less Liabilities (-28.4%)			(929,042,975	)
Net Assets (100%)		$	3,273,410,718

* Non-income producing.

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

† Securities (totaling $3,441,876 or 0.1% of net assets) at fair value.

§ Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may only be resold to qualified institutional buyers. At March 31, 2009, the market value of these securities amounted to $185,600,040 or 5.7% of net assets. Securities denoted with “§” but without “b” have been determined to be liquid under the guidelines established by the Board of Trustees. To the extent any securities might provide a right to demand registration, such rights have not been relied upon when determining liquidity.

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

(b) Illiquid Security.

(e) Step Bond - Coupon rate increases in increments to maturity. Rate disclosed is as of March 31, 2009. Maturity date disclosed is the ultimate maturity date.

(h) Security in default.

(l) Floating Rate Security. Rate disclosed is as of March 31, 2009.

(o) Discount Note Security. Effective rate calculated as of March 31, 2009.

(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.

(s) Issuer in bankruptcy.

(u) Represents the Portfolio’s undivided interest in a joint repurchase agreement. The repurchase agreement was fully collateralized by U.S. government agency securities at the date of this Portfolio of Investments as follows: Federal Home Loan Mortgage Corp., 0.000% – 7.500%, maturing 1/15/15 – 6/15/38; Federal National Mortgage Association, 5.000% – 7.000%, maturing 10/1/36 – 12/1/38.

53

AXA PREMIER VIP TRUST

MULTIMANAGER CORE BOND PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

Glossary:

ABS — Asset-Backed Security

CMO — Collateralized Mortgage Obligation

EUR — European Currency Unit

IO — Interest Only

JPY — Japanese Yen

STRIPS — Separate Trading of Registered Interest and Principal Securities

TBA — Security is subject to delayed delivery.

TIPS — Treasury Inflation Protected Security

At March 31, 2009 the Portfolio had the following futures contracts open: (Note 1)

Purchases	Number of Contracts	Expiration Date	Original Value		Value at 3/31/2009		Unrealized Appreciation/ (Depreciation)
90 Day EURODollar	473	September-11	$	115,067,438	$	115,459,300	$	391,862
90 Day EURODollar	1,203	December-11		292,257,051		293,005,688		748,637
U.S. Treasury Bonds	158	June-09		19,948,596		20,493,094		544,498
UK Long Gilt	220	June-09		39,378,947		38,893,331		(485,616	)
							$	1,199,381
Sales
EURODollar	30	June-09	$	7,402,933	$	7,417,500	$	(14,567	)
EURODollar	30	September-09		7,397,946		7,417,875		(19,929	)
EURODollar	30	December-09		7,385,921		7,406,625		(20,704	)
EURODollar	19	March-10		4,670,647		4,688,250		(17,603	)
EURODollar	72	June-10		17,410,117		17,738,100		(327,983	)
EURODollar	19	September-10		4,648,697		4,673,287		(24,590	)
EURODollar	18	December-10		4,392,575		4,418,100		(25,525	)
EURODollar	6	March-11		1,461,244		1,470,450		(9,206	)
EURODollar	6	June-11		1,458,244		1,467,525		(9,281	)
EURODollar	6	September-11		1,455,682		1,464,600		(8,918	)
EURODollar	6	December-11		1,445,339		1,453,357		(8,018	)
U.S. 10 Year Treasury Notes	37	June-09		4,586,002		4,590,891		(4,889	)
U.S. 5 Year Treasury Notes	12	June-09		1,413,911		1,425,187		(11,276	)
							$	(502,489	)
							$	696,892

At March 31, 2009 the Portfolio had outstanding foreign currency contracts to buy/sell foreign currencies as follows: (Note 1)

	Local Contract Buy Amount (000’s)	Local Contract Sell Amount (000’s)	U.S. $ Current Buy Value		U.S. $ Current Sell Value		Unrealized Appreciation/ (Depreciation)
Foreign Currency Buy Contracts
Brazilian Real vs. U.S. Dollar, expiring 6/2/09	22,265	9,110	$	9,453,650	$	9,110,135	$	343,515
Brazilian Real vs. U.S. Dollar, expiring 6/2/09	15,893	6,739		6,748,063		6,738,601		9,462
							$	352,977
Foreign Currency Sell Contracts
Brazilian Real vs. U.S. Dollar, expiring 6/2/09	9,471	22,265	$	9,470,511	$	9,453,650	$	16,861
Brazilian Real vs. U.S. Dollar, expiring 6/2/09	4,022	9,493		4,022,276		4,030,485		(8,209	)
Brazilian Real vs. U.S. Dollar, expiring 6/2/09	2,390	6,400		2,390,000		2,717,578		(327,578	)
British Pound vs. U.S. Dollar, expiring 4/9/09	54	38		53,561		54,525		(964	)
British Pound vs. U.S. Dollar, expiring 4/9/09	6,668	4,597		6,668,358		6,596,113		72,245
European Union vs. U.S. Dollar, expiring 4/14/09	5,236	4,149		5,236,361		5,512,195		(275,834	)
Japanese Yen vs. U.S. Dollar, expiring 5/7/09	3,341	324,533		3,340,566		3,280,266		60,300
Japanese Yen vs. U.S. Dollar, expiring 6/4/09	3,343	324,533		3,343,098		3,281,762		61,336
							$	(401,843	)
							$	(48,866	)

54

AXA PREMIER VIP TRUST

MULTIMANAGER CORE BOND PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

Options Written:

Options written through the three months ended March 31, 2009 were as follows:

	Total Number of Contracts		Total Premiums Received
Options Outstanding—January 1, 2009	108		$	19,374
Options Written	280			67,200
Options Terminated in Closing Purchase Transactions	—			—
Options Expired	(388	)		(86,574	)
Options Exercised	—			—
Options Outstanding—March 31, 2009	—		$	—

Various inputs are used in determining the value of the Portfolio’s investments. These inputs are summarized in the three broad levels listed below:

• Level 1 - Quoted prices in active markets for identical securities

• Level 2 - Significant other observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)

• Level 3 - Significant unobservable inputs (including the Portfolio’s own assumptions in determining the fair value of investments)

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, money market securities are valued using amortized cost, in accordance with rules under the Investment Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active market, such securities are reflected as Level 2.

The following is a summary of the inputs used to value the Portfolio’s net assets as of March 31, 2009:

Description	Quoted Prices in Active Markets for Identical Securities (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Assets
Investments in Securities	$	2,417,169	$	4,320,174,757	$	3,441,876	$	4,326,033,802
Other Investments*		1,684,997		563,719		—		2,248,716
Total	$	4,102,166	$	4,320,738,476	$	3,441,876	$	4,328,282,518
Liabilities
Investments in Securities	$	—	$	123,580,109	$	—	$	123,580,109
Other Investments*		988,105		612,585		—		1,600,690
Total	$	988,105	$	124,192,694	$	—	$	125,180,799

Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:

	Investments in Securities			Other Investments*
Balance as of 12/31/08	$	6,379,154		$	—
Total gains or losses (realized/unrealized) included in earnings		(231,182	)		—
Purchases, sales, issuances, and settlements (net)		—			—
Transfers in and/or out of Level 3		(2,706,096	)		—
Balance as of 3/31/09	$	3,441,876		$	—
The amount of total gains or losses for the year included in earnings attributable to the change in unrealized gains or losses relating to assets and liabilities still held at period ending 3/31/09.	$	334,570		$	—

* Other investments are derivative instruments, such as futures, forwards and written options, which are valued at the unrealized appreciation/depreciation on the instrument.

55

AXA PREMIER VIP TRUST

MULTIMANAGER CORE BOND PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

Investment security transactions for the three months ended March 31, 2009 were as follows:

Cost of Purchases:
Stocks and long-term corporate debt securities	$	6,505,808,709
Long-term U.S. Treasury securities		1,203,978,995
	$	7,709,787,704
Net Proceeds of Sales and Redemptions:
Stocks and long-term corporate debt securities	$	7,389,967,055
Long-term U.S. Treasury securities		733,072,572
	$	8,123,039,627

As of March 31, 2009, 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	$	59,237,070
Aggregate gross unrealized depreciation		(165,103,101	)
Net unrealized depreciation	$	(105,866,031	)
Federal income tax cost of investments	$	4,431,899,833

At March 31, 2009, the Portfolio had loaned securities with a total value of $8,714,689. This was secured by collateral of $8,956,820, which was received as cash and subsequently invested in short-term investments currently valued at $8,485,357, as reported in the portfolio of investments.

See Notes to Portfolio of Investments.

56

AXA PREMIER VIP TRUST

MULTIMANAGER HEALTH CARE PORTFOLIO

PORTFOLIO OF INVESTMENTS

March 31, 2009 (Unaudited)

	Number of Shares	Value (Note 1)
COMMON STOCKS:
Consumer Staples (0.7%)
Food & Staples Retailing (0.7%)
CVS Caremark Corp.	25,653	$	705,201
Drogasil S.A.	33,420		151,991
Walgreen Co.	41,280		1,071,628
Total Consumer Staples			1,928,820
Financials (0.0%)
Insurance (0.0%)
Amil Participacoes S.A.	47,810		131,904
Total Financials			131,904
Health Care (97.4%)
Biotechnology (18.5%)
3SBio, Inc. (ADR)*	49,742		336,753
Abraxis Bioscience, Inc.*	900		42,912
Alexion Pharmaceuticals, Inc.*^	16,430		618,754
Alkermes, Inc.*^	12,300		149,199
Amgen, Inc.*	286,748		14,199,761
Amylin Pharmaceuticals, Inc.*^	111,186		1,306,436
Array BioPharma, Inc.*^	23,196		61,237
Biogen Idec, Inc.*	56,700		2,972,214
BioMarin Pharmaceutical, Inc.*^	62,071		766,577
Celera Corp.*^	148,080		1,129,850
Celgene Corp.*	98,842		4,388,585
Cephalon, Inc.*^	22,840		1,555,404
Cougar Biotechnology, Inc.*^	32,080		1,032,976
CSL Ltd.	18,302		414,115
Cubist Pharmaceuticals, Inc.*	7,300		119,428
Cytokinetics, Inc.*	133,520		226,984
Genzyme Corp.*	88,361		5,247,760
Gilead Sciences, Inc.*	230,293		10,667,172
Grifols S.A.	25,211		363,655
Human Genome Sciences, Inc.*^	287,200		238,376
Incyte Corp.*^	229,648		537,376
Isis Pharmaceuticals, Inc.*	13,300		199,633
Keryx Biopharmaceuticals, Inc.*	138,499		18,974
Ligand Pharmaceuticals, Inc., Class B*	170,900		509,282
Medarex, Inc.*^	16,600		85,158
Myriad Genetics, Inc.*	12,700		577,469
Onyx Pharmaceuticals, Inc.*	13,748		392,505
OSI Pharmaceuticals, Inc.*^	33,275		1,273,102
Pharmasset, Inc.*	4,970		48,756
Progenics Pharmaceuticals, Inc.*^	124,720		821,905
Regeneron Pharmaceuticals, Inc.*^	60,584		839,694
Rigel Pharmaceuticals, Inc.*^	12,549		77,051
Seattle Genetics, Inc.*^	87,609		863,825
United Therapeutics Corp.*^	14,674		969,805
Vertex Pharmaceuticals, Inc.*^	76,465		2,196,839
			55,249,522
Health Care Distributors (2.8%)
AmerisourceBergen Corp.^	81,900		2,674,854
Animal Health International, Inc.*	28,692		35,865
Cardinal Health, Inc.	83,000		2,612,840
Henry Schein, Inc.*^	12,200		488,122
McKesson Corp.	58,803		2,060,457
Owens & Minor, Inc.^	5,400		178,902
Patterson Cos., Inc.*^	12,000		226,320
PSS World Medical, Inc.*^	7,800		111,930
			8,389,290
Health Care Equipment (18.8%)
American Medical Systems Holdings, Inc.*	25,703		286,588
Baxter International, Inc.	183,952		9,422,021
Beckman Coulter, Inc.	38,200		1,948,582
Becton, Dickinson & Co.	51,561		3,466,962
Boston Scientific Corp.*	296,905		2,360,395
C.R. Bard, Inc.	13,500		1,076,220
China Medical Technologies, Inc. (ADR)^	43,280		595,966
Covidien Ltd.	167,738		5,575,611
DexCom, Inc.*^	29,187		120,834
DiaSorin S.p.A.	22,967		512,943
Edwards Lifesciences Corp.*^	20,610		1,249,584
EnteroMedics, Inc.*	60,463		82,230
Gen-Probe, Inc.*^	7,100		323,618
Hill-Rom Holdings, Inc.^	8,100		80,109
Hologic, Inc.*	59,829		783,162
Hospira, Inc.*	94,081		2,903,340
Idexx Laboratories, Inc.*^	8,100		280,098
Insulet Corp.*^	17,109		70,147
Intuitive Surgical, Inc.*^	6,735		642,250
Kinetic Concepts, Inc.*^	7,200		152,064
Masimo Corp.*^	6,600		191,268
Medtronic, Inc.	313,810		9,247,981
Nobel Biocare Holding AG (Registered)	6,575		112,279
NuVasive, Inc.*^	16,580		520,280
ResMed, Inc.*^	17,319		612,053
St. Jude Medical, Inc.*	129,265		4,696,197
STERIS Corp.^	7,600		176,928
Stryker Corp.	32,400		1,102,896
Symmetry Medical, Inc.*^	52,400		330,644
Synthes, Inc.	8,684		966,237
Teleflex, Inc.	5,200		203,268
Thoratec Corp.*^	24,013		616,894
Varian Medical Systems, Inc.*	22,875		696,315
Volcano Corp.*^	139,780		2,033,799
Wright Medical Group, Inc.*	58,782		765,929
Zimmer Holdings, Inc.*	52,782		1,926,543
			56,132,235
Health Care Facilities (0.8%)
Assisted Living Concepts, Inc., Class A*	7,830		106,175
Community Health Systems, Inc.*^	44,900		688,766
Health Management Associates, Inc., Class A*	98,220		253,407
LifePoint Hospitals, Inc.*^	6,900		143,934
Psychiatric Solutions, Inc.*^	7,200		113,256
Rhoen-Klinikum AG	28,974		538,993
Tenet Healthcare Corp.*	51,900		60,204
Universal Health Services, Inc., Class B^	6,700		256,878
VCA Antech, Inc.*^	11,500		259,325
			2,420,938
Health Care Services (4.4%)
Amedisys, Inc.*^	3,500		96,215
Chemed Corp.^	2,900		112,810
DaVita, Inc.*	48,048		2,111,710
Express Scripts, Inc.*	61,051		2,818,725
Laboratory Corp. of America Holdings*^	14,700		859,803

57

AXA PREMIER VIP TRUST

MULTIMANAGER HEALTH CARE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Number of Shares		Value (Note 1)
Lincare Holdings, Inc.*^		9,800	$	213,640
Medco Health Solutions, Inc.*		125,245		5,177,628
MEDNAX, Inc.*^		6,200		182,714
Omnicare, Inc.^		14,200		347,758
Quest Diagnostics, Inc.^		28,779		1,366,427
				13,287,430
Health Care Supplies (1.4%)
Alcon, Inc.		17,121		1,556,470
Align Technology, Inc.*		10,796		85,612
Cooper Cos., Inc.^		6,100		161,284
DENTSPLY International, Inc.^		33,602		902,214
Haemonetics Corp.*		3,500		192,780
Immucor, Inc.*^		9,600		241,440
Inverness Medical Innovations, Inc.*^		27,800		740,314
TranS1, Inc.*		11,086		67,514
West Pharmaceutical Services, Inc.^		4,200		137,802
Xtent, Inc.*		22,220		27,775
				4,113,205
Health Care Technology (0.5%)
Allscripts-Misys Healthcare Solutions, Inc.^		24,862		255,830
Cerner Corp.*^		9,200		404,524
Eclipsys Corp.*^		27,680		280,675
HLTH Corp.*^		14,000		144,900
IMS Health, Inc.		24,700		308,009
				1,393,938
Life Sciences Tools & Services (3.5%)
AMAG Pharmaceuticals, Inc.*^		5,377		197,712
Bio-Rad Laboratories, Inc., Class A*		2,500		164,750
Bruker Corp.*		6,400		39,424
Charles River Laboratories International, Inc.*^		8,900		242,169
Covance, Inc.*^		8,600		306,418
ICON plc (ADR)*		9,663		156,057
Illumina, Inc.*^		26,220		976,433
Life Technologies Corp.*		45,706		1,484,531
MDS, Inc.*^		12,800		60,416
Millipore Corp.*^		7,500		430,575
PAREXEL International Corp.*		40,700		396,011
PerkinElmer, Inc.		15,200		194,104
Pharmaceutical Product Development, Inc.^		37,739		895,169
Techne Corp.^		5,000		273,550
Thermo Fisher Scientific, Inc.*		114,225		4,074,406
Varian, Inc.*		9,031		214,396
Waters Corp.*		13,200		487,740
				10,593,861
Managed Health Care (6.9%)
Aetna, Inc.		142,411		3,464,859
AMERIGROUP Corp.*^		16,685		459,505
CIGNA Corp.		47,037		827,381
Coventry Health Care, Inc.*		119,300		1,543,742
Health Net, Inc.*^		77,912		1,128,166
Humana, Inc.*		71,380		1,861,590
Magellan Health Services, Inc.*^		5,200		189,488
UnitedHealth Group, Inc.^		355,316		7,436,764
Universal American Corp.*^		6,200		52,514
WellPoint, Inc.*		92,532		3,513,440
				20,477,449
Pharmaceuticals (39.8%)
Abbott Laboratories, Inc.		302,027		14,406,688
Allergan, Inc.		64,897		3,099,481
ARYx Therapeutics, Inc.*		19,708		67,007
Astellas Pharma, Inc.		22,980		707,748
AstraZeneca plc (ADR)^		24,940		884,123
Auxilium Pharmaceuticals, Inc.*^		6,201		171,892
Bayer AG		6,350		304,205
BioMimetic Therapeutics, Inc.*		13,357		94,835
Biovail Corp.		17,600		192,720
Bristol-Myers Squibb Co.		269,600		5,909,632
Cadence Pharmaceuticals, Inc.*^		20,381		191,174
Daiichi Sankyo Co., Ltd.		99,200		1,676,584
EastPharma Ltd. (GDR)*§†		26,185		52,304
Eisai Co., Ltd.		48,580		1,431,725
Elan Corp. plc (ADR)*^		175,880		1,167,843
Eli Lilly & Co.		164,300		5,489,263
Endo Pharmaceuticals Holdings, Inc.*		15,400		272,272
Forest Laboratories, Inc.*		120,400		2,643,984
H. Lundbeck A/S		25,671		437,527
Hikma Pharmaceuticals plc		29,469		152,711
Ipsen S.A.		24,931		958,449
Johnson & Johnson		263,406		13,855,156
King Pharmaceuticals, Inc.*		32,400		229,068
Laboratorios Almirall S.A.		28,320		245,337
Medicines Co.*^		60,480		655,603
Medicis Pharmaceutical Corp., Class A^		7,300		90,301
Merck & Co., Inc.		287,000		7,677,250
Merck KGaA*		3,486		307,673
Mylan, Inc.*^		41,500		556,515
Novartis AG (ADR)		13,109		495,913
Perrigo Co.^		10,600		263,198
Pfizer, Inc.		1,063,409		14,483,631
Pharmstandard OJSC (GDR), Class S*§†		5,390		46,570
Roche Holding AG		17,269		2,370,939
Sanofi-Aventis S.A. (ADR)		45,619		1,274,139
Schering-Plough Corp.		538,580		12,683,559
Sepracor, Inc.*		14,300		209,638
Shionogi & Co., Ltd.		132,600		2,279,721
Shire plc (ADR)^		27,697		995,430
Takeda Pharmaceutical Co., Ltd.		7,455		258,530
Teva Pharmaceutical Industries Ltd. (ADR)		88,004		3,964,580
UCB S.A.		34,814		1,026,855
Valeant Pharmaceuticals International*^		11,200		199,248
Watson Pharmaceuticals, Inc.*^		14,200		441,762
Wyeth		326,523		14,053,550
XenoPort, Inc.*		4,682		90,644
				119,066,977
Total Health Care				291,124,845
Total Common Stocks (98.1%) (Cost $344,452,871)				293,185,569
	Principal Amount		Value (Note 1)
SHORT-TERM INVESTMENTS:
Short-Term Investments of Cash Collateral for Securities Loaned (7.7%)
Banco de Sabadell S.A.
1.17%, 4/23/09 (l)	$	1,130,000		1,130,000
BBVA Senior Finance S.A.
1.38%, 3/12/10 (l)		830,000		815,225

58

AXA PREMIER VIP TRUST

MULTIMANAGER HEALTH CARE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Principal Amount		Value (Note 1)
Deutsche Bank Securities, Inc., Repurchase Agreement
0.25%, 4/1/09 (r)(u)	$	12,388,313	$	12,388,313
General Electric Capital Corp.
0.40%, 3/12/10 (l)		150,000		141,786
K2 (USA) LLC
0.37%, 5/29/09 (l)		1,509,896		1,509,896
0.37%, 6/18/09 (l)		1,889,860		1,883,547
Lehman Brothers Holdings, Inc.
0.00%, 8/21/09 (h)(s)		939,994		112,799
Links Finance LLC
0.37%, 6/25/09 (l)		569,964		567,504
Monumental Global Funding II
0.43%, 5/26/10 (l)		1,770,000		1,504,500
Morgan Stanley
0.46%, 5/7/09 (l)		1,890,000		1,890,000
Pricoa Global Funding I
0.40%, 6/25/10 (l)		1,129,859		1,019,825
Total Short-Term Investments of Cash Collateral for Securities Loaned				22,963,395
Time Deposit (3.3%)
JPMorgan Chase Nassau
0.004%, 4/1/09		9,984,305		9,984,305
Total Short-Term Investments (11.0%) (Cost/Amortized Cost $34,182,191)				32,947,700
Total Investments (109.1%) (Cost/Amortized Cost $378,635,062)				326,133,269
Other Assets Less Liabilities (-9.1%)				(27,188,214	)
Net Assets (100%)			$	298,945,055

* Non-income producing.

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

† Securities (totaling $98,874 or 0.0% of net assets) at fair value.

§ Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may only be resold to qualified institutional buyers. At March 31, 2009, the market value of these securities amounted to $98,874 or 0.0% 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.

(h) Security in default.

(l) Floating Rate Security. Rate disclosed is as of March 31, 2009.

(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.

(s) Issuer in bankruptcy.

(u) Represents the Portfolio’s undivided interest in a joint repurchase agreement. The repurchase agreement was fully collateralized by U.S. government agency securities at the date of this Portfolio of Investments as follows: Federal Home Loan Mortgage Corp., 0.000% – 7.500%, maturing 1/15/15 – 6/15/38; Federal National Mortgage Association, 5.000% – 7.000%, maturing 10/1/36 – 12/1/38.

Glossary:

ADR — American Depositary Receipt

GDR — Global Depositary Receipt

At March 31, 2009 the Portfolio had outstanding foreign currency contracts to buy/sell foreign currencies as follows: (Note 1)

	Local Contract Buy Amount (000’s)	Local Contract Sell Amount (000’s)	U.S. $ Current Buy Value		U.S. $ Current Sell Value		Unrealized Appreciation/ (Depreciation)
Foreign Currency Buy Contracts
British Pound vs. U.S. Dollar, expiring 5/11/09	34	49	$	48,072	$	48,788	$	(716	)
European Union vs. U.S. Dollar, expiring 5/11/09	96	121		127,539		120,921		6,618
							$	5,902
Foreign Currency Sell Contracts
British Pound vs. U.S. Dollar, expiring 5/11/09	47	33	$	46,690	$	47,354	$	(664	)
British Pound vs. U.S. Dollar, expiring 5/11/09	300	204		300,325		292,736		7,589
European Union vs. U.S. Dollar, expiring 5/11/09	126	93		126,267		123,553		2,714
European Union vs. U.S. Dollar, expiring 5/11/09	509	396		508,519		526,098		(17,579	)
Swiss Franc vs. U.S. Dollar, expiring 5/11/09	600	700		599,700		615,460		(15,760	)
							$	(23,700	)
							$	(17,798	)

Options Written:

Options written through the three months ended March 31, 2009 were as follows:

	Total Number of Contracts		Total Premiums Received
Options Outstanding—January 1, 2009	—		$	—
Options Written	760			175,200
Options Terminated in Closing Purchase Transactions	(760	)		(175,200	)
Options Expired	—			—
Options Exercised	—			—
Options Outstanding—March 31, 2009	—		$	—

59

AXA PREMIER VIP TRUST

MULTIMANAGER HEALTH CARE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

Various inputs are used in determining the value of the Portfolio’s investments. These inputs are summarized in the three broad levels listed below:

• Level 1 - Quoted prices in active markets for identical securities

• Level 2 - Significant other observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)

• Level 3 - Significant unobservable inputs (including the Portfolio’s own assumptions in determining the fair value of investments)

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, money market securities are valued using amortized cost, in accordance with rules under the Investment Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active market, such securities are reflected as Level 2.

The following is a summary of the inputs used to value the Portfolio’s net assets as of March 31, 2009:

Description	Quoted Prices in Active Markets for Identical Securities (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Assets
Investments in Securities	$	278,020,469	$	48,013,926	$	98,874	$	326,133,269
Other Investments*		—		16,921		—		16,921
Total	$	278,020,469	$	48,030,847	$	98,874	$	326,150,190
Liabilities
Investments in Securities	$	—	$	—	$	—	$	—
Other Investments*		—		34,719		—		34,719
Total	$	—	$	34,719	$	—	$	34,719

Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:

	Investments in Securities			Other Investments*
Balance as of 12/31/08	$	267,741		$	—
Total gains or losses (realized/unrealized) included in earnings		487,636			—
Purchases, sales, issuances, and settlements (net)		(656,503	)		—
Transfers in and/or out of Level 3		—			—
Balance as of 3/31/09	$	98,874		$	—
The amount of total gains or losses for the year included in earnings attributable to the change in unrealized gains or losses relating to assets and liabilities still held at period ending 3/31/09.	$	487,636		$	—

* Other investments are derivative instruments, such as futures, forwards and written options, which are valued at the unrealized appreciation/depreciation on the instrument.

Investment security transactions for the three months ended March 31, 2009 were as follows:

Cost of Purchases:
Stocks and long-term corporate debt securities	$	147,603,713
Net Proceeds of Sales and Redemptions:
Stocks and long-term corporate debt securities	$	127,258,844

As of March 31, 2009, 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	$	2,840,016
Aggregate gross unrealized depreciation		(70,694,767	)
Net unrealized depreciation	$	(67,854,751	)
Federal income tax cost of investments	$	393,988,020

At March 31, 2009, the Portfolio had loaned securities with a total value of $23,768,292. This was secured by collateral of $24,197,886, which was received as cash and subsequently invested in short-term investments currently valued at $22,963,395, as reported in the portfolio of investments.

60

AXA PREMIER VIP TRUST

MULTIMANAGER HEALTH CARE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

Additionally, uninvested cash received as collateral on loaned securities was held in an interest bearing account in the amount of $120, which the Portfolio cannot repledge and accordingly is not reflected in the Portfolio’s assets and liabilities.

For the three months ended March 31, 2009, the Portfolio incurred approximately $387 as brokerage commissions with Exane S.A., and $766 with Sanford C. Bernstein & Co., Inc., affiliated broker/dealers.

The Portfolio has a net capital loss carryforward of $5,225,109, which expires in the year 2016.

See Notes to Portfolio of Investments.

61

AXA PREMIER VIP TRUST

MULTIMANAGER HIGH YIELD PORTFOLIO

PORTFOLIO OF INVESTMENTS

March 31, 2009 (Unaudited)

	Principal Amount		Value (Note 1)
LONG-TERM DEBT SECURITIES:
Asset-Backed and Mortgage-Backed Securities (0.4%)
Asset-Backed Securities (0.3%)
Pegasus Aviation Lease Securitization, Series 2001-1A A1
1.026%, 5/10/31(l)§	$	3,800,000	$	760,000
Triton Aviation Finance, Series 1A A1
1.326%, 6/15/25(b)(l)§		9,236,418		3,048,018
				3,808,018
Non-Agency CMO (0.1%)
American Home Mortgage Assets, Series 2006-5 A1
2.553%, 11/25/46(l)		2,443,943		725,438
Series 2007-3 22A1
6.250%, 6/25/37(e)		1,386,992		739,927
SunTrust Alternative Loan Trust, Series 2006-1F 3A
0.872%, 4/25/36(l)		1,281,436		501,054
				1,966,419
Total Asset-Backed and Mortgage-Backed Securities				5,774,437
Convertible Bonds (0.2%)
Consumer Discretionary (0.1%)
Specialty Retail (0.1%)
Sonic Automotive, Inc.
5.250%, 5/7/09		4,075,000		1,028,938
Total Consumer Discretionary				1,028,938
Energy (0.0%)
Energy Equipment & Services (0.0%)
Transocean, Inc.
1.625%, 12/15/37		375,000		344,531
Total Energy				344,531
Financials (0.1%)
Commercial Banks (0.1%)
National City Corp.
4.000%, 2/1/11		350,000		318,937
U.S. Bancorp
0.000%, 12/11/35(l)		725,000		641,625
				960,562
Insurance (0.0%)
Prudential Financial, Inc.
0.000%, 12/15/37(l)		475,000		467,875
Total Financials				1,428,437
Total Convertible Bonds				2,801,906
Corporate Bonds (35.6%)
Consumer Discretionary (8.7%)
Auto Components (0.8%)
American Tire Distributors, Inc.
7.458%, 4/1/12(l)		4,500,000		3,150,000
7.458%, 4/1/12(l)§		4,300,000		3,010,000
ArvinMeritor, Inc.
8.750%, 3/1/12		960,000		345,600
Cooper-Standard Automotive, Inc.
7.000%, 12/15/12		3,655,000		438,600
Goodyear Tire & Rubber Co.
6.318%, 12/1/09(l)		1,670,000		1,594,850
Tenneco, Inc. Series B
10.250%, 7/15/13		1,350,000		715,500
TRW Automotive, Inc.
7.000%, 3/15/14^§		1,040,000		436,800
United Components, Inc.
9.375%, 6/15/13		4,090,000		1,595,100
				11,286,450
Automobiles (0.2%)
Daimler Finance N.A. LLC
7.750%, 1/18/11		200,000		197,229
6.500%, 11/15/13		200,000		181,211
Ford Motor Co.
7.500%, 8/1/26		5,000,000		1,500,000
General Motors Corp.
8.250%, 7/15/23^		5,000,000		587,500
8.100%, 6/15/24		1,550,000		182,125
				2,648,065
Distributors (0.2%)
SGS International, Inc.
12.000%, 12/15/13		3,760,000		2,058,600
Diversified Consumer Services (0.0%)
Service Corp. International
7.625%, 10/1/18		200,000		172,000
Hotels, Restaurants & Leisure (1.5%)
Dave & Buster’s, Inc.
11.250%, 3/15/14		1,242,000		670,680
Downstream Development Authority of the Quapaw Tribe of Oklahoma
12.000%, 10/15/15§		4,000,000		1,040,000
El Pollo Loco, Inc.
11.750%, 11/15/13^		4,000,000		2,920,000
Harrah’s Operating Co., Inc.
10.750%, 2/1/16		5,550,000		1,054,500
Isle of Capri Casinos, Inc.
7.000%, 3/1/14		1,956,000		1,154,040
Landry’s Restaurants, Inc.
14.000%, 8/15/11§		5,625,000		4,950,000
McDonald’s Corp.
4.300%, 3/1/13		200,000		208,078
MGM MIRAGE, Inc.
13.000%, 11/15/13^§		2,000,000		1,490,000
Mirage Resorts, Inc.
7.250%, 8/1/17		2,985,000		1,074,600
Royal Caribbean Cruises Ltd.
7.250%, 3/15/18		1,500,000		690,000
Shingle Springs Tribal Gaming Authority
9.375%, 6/15/15§		3,300,000		1,369,500
Travelport LLC
5.886%, 9/1/14(l)		3,700,000		1,184,000
9.875%, 9/1/14		3,075,000		1,214,625
Turning Stone Resort Casino Enterprise
9.125%, 12/15/10§		1,575,000		1,228,500
Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp.
6.625%, 12/1/14^		304,000		229,520
				20,478,043
Household Durables (0.6%)
Blyth, Inc.
5.500%, 11/1/13		8,050,000		5,876,500
Sealy Mattress Co.
8.250%, 6/15/14^		4,000,000		1,470,000

62

AXA PREMIER VIP TRUST

MULTIMANAGER HIGH YIELD PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Principal Amount		Value (Note 1)
Whirlpool Corp.
5.500%, 3/1/13	$	200,000	$	164,641
				7,511,141
Internet & Catalog Retail (0.1%)
Visant Corp.
7.625%, 10/1/12		1,710,000		1,620,225
Leisure Equipment & Products (0.1%)
Steinway Musical Instruments, Inc.
7.000%, 3/1/14§		1,700,000		1,130,500
Media (4.6%)
Allbritton Communications Co.
7.750%, 12/15/12		3,283,000		1,214,710
AMC Entertainment, Inc.
11.000%, 2/1/16		1,459,000		1,327,690
Block Communications, Inc.
8.250%, 12/15/15§		1,750,000		1,299,375
CanWest Media, Inc.
8.000%, 9/15/12		8,667,000		1,690,065
CBS Corp.
6.625%, 5/15/11		200,000		192,522
5.625%, 8/15/12		200,000		172,037
CCO Holdings LLC/CCO Holdings Capital Corp.
8.750%, 11/15/13(h)		2,500,000		2,087,500
Clear Channel Communications, Inc.
4.250%, 5/15/09		6,750,000		6,007,500
Comcast Corp.
5.500%, 3/15/11		200,000		202,876
5.900%, 3/15/16		400,000		386,386
6.500%, 1/15/17		400,000		395,966
6.950%, 8/15/37		400,000		372,485
COX Communications, Inc.
7.125%, 10/1/12		200,000		199,096
CSC Holdings, Inc.
6.750%, 4/15/12^		2,139,000		2,058,788
7.875%, 2/15/18^		250,000		228,750
7.625%, 7/15/18		100,000		90,000
8.625%, 2/15/19§		500,000		481,250
DirecTV Holdings LLC/DirecTV Financing Co.
8.375%, 3/15/13		502,000		507,647
7.625%, 5/15/16		2,750,000		2,695,000
DISH DBS Corp.
7.000%, 10/1/13		3,000,000		2,782,500
7.125%, 2/1/16		2,390,000		2,139,050
Gallery Capital S.A.
10.125%, 5/15/13§		3,550,000		781,000
Intelsat Intermediate Holding Co., Ltd.
0.000%, 2/1/15(e)§		1,700,000		1,411,000
Intelsat Jackson Holdings Ltd.
9.500%, 6/15/16§		1,250,000		1,175,000
Interpublic Group of Cos., Inc.
7.250%, 8/15/11^		4,000,000		3,310,000
Kabel Deutschland GmbH
10.625%, 7/1/14		2,000,000		2,020,000
Lighthouse International Co. S.A.
8.000%, 4/30/14(b)§	EUR	205,000		102,136
Local Insight Regatta Holdings, Inc.
11.000%, 12/1/17	$	5,071,000		1,179,007
Network Communications, Inc.
10.750%, 12/1/13		7,350,000		1,038,187
News America, Inc.
6.150%, 3/1/37		100,000		72,911
6.650%, 11/15/37		200,000		149,868
Quebecor Media, Inc.
7.750%, 3/15/16		8,527,000		6,480,520
Rainbow National Services LLC
10.375%, 9/1/14§		2,520,000		2,570,400
Reader’s Digest Association, Inc.
9.000%, 2/15/17		8,000,000		460,000
Time Warner Cable, Inc.
6.200%, 7/1/13		200,000		194,698
5.850%, 5/1/17		400,000		358,598
6.550%, 5/1/37		200,000		168,320
Time Warner, Inc.
5.875%, 11/15/16		200,000		189,284
7.700%, 5/1/32		300,000		269,771
Unitymedia GmbH
10.125%, 2/15/15§	EUR	1,750,000		2,162,296
Unitymedia Hessen GmbH & Co. KG
4.976%, 4/15/13(l)§		1,000,000		1,155,882
UPC Holding B.V.
8.625%, 1/15/14§		5,000,000		5,746,195
Viacom, Inc.
5.750%, 4/30/11	$	200,000		194,832
6.875%, 4/30/36		200,000		145,921
Videotron Ltd.
9.125%, 4/15/18^§		2,300,000		2,337,375
WPP Finance U.K. Corp.
5.875%, 6/15/14		900,000		796,701
				61,001,095
Multiline Retail (0.1%)
Kohl’s Corp.
6.250%, 12/15/17		200,000		183,727
Macy’s Retail Holdings, Inc.
5.350%, 3/15/12		200,000		156,991
Target Corp.
5.125%, 1/15/13		400,000		416,641
6.000%, 1/15/18		200,000		200,870
7.000%, 1/15/38		200,000		187,346
				1,145,575
Specialty Retail (0.2%)
Home Depot, Inc.
4.625%, 8/15/10		200,000		200,406
5.400%, 3/1/16		200,000		179,780
Lowe’s Cos., Inc.
5.600%, 9/15/12		200,000		210,901
Rent-A-Center, Inc. Series B
7.500%, 5/1/10^		2,225,000		2,174,937
				2,766,024
Textiles, Apparel & Luxury Goods (0.3%)
Perry Ellis International, Inc. Series B
8.875%, 9/15/13		5,575,000		3,261,375
Rafaella Apparel Group, Inc.      Series B
11.250%, 6/15/11		7,586,000		1,062,040
				4,323,415
Total Consumer Discretionary				116,141,133
Consumer Staples (2.4%)
Beverages (0.2%)
Anheuser-Busch Cos., Inc.
6.000%, 4/15/11		200,000		205,892
4.950%, 1/15/14		200,000		193,942
Bottling Group LLC
6.950%, 3/15/14		300,000		341,109
Coca-Cola Co.
5.350%, 11/15/17		400,000		427,283

63

AXA PREMIER VIP TRUST

MULTIMANAGER HIGH YIELD PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Principal Amount		Value (Note 1)
Coca-Cola Enterprises, Inc.
8.500%, 2/1/12	$	200,000	$	223,543
7.375%, 3/3/14		300,000		340,761
Diageo Capital plc
5.750%, 10/23/17		200,000		203,880
Diageo Finance B.V.
5.500%, 4/1/13		400,000		413,439
PepsiCo, Inc.
5.000%, 6/1/18		200,000		206,921
7.900%, 11/1/18		400,000		491,463
				3,048,233
Food & Staples Retailing (0.9%)
American Stores Co.
8.000%, 6/1/26		990,000		846,450
Costco Wholesale Corp.
5.500%, 3/15/17		200,000		210,862
CVS Caremark Corp.
5.750%, 6/1/17		200,000		195,032
6.250%, 6/1/27		100,000		92,153
Ingles Markets, Inc.
8.875%, 12/1/11		1,700,000		1,657,500
Kroger Co.
6.150%, 1/15/20		300,000		296,712
New Albertsons, Inc.
6.950%, 8/1/09		500,000		498,750
7.750%, 6/15/26		2,500,000		2,093,750
6.570%, 2/23/28		100,000		71,125
7.450%, 8/1/29		4,250,000		3,527,500
Rite Aid Corp.
10.375%, 7/15/16^		1,000,000		600,000
Safeway, Inc.
6.350%, 8/15/17		200,000		204,963
Walgreen Co.
4.875%, 8/1/13		200,000		211,935
Wal-Mart Stores, Inc.
4.125%, 2/15/11		400,000		417,826
4.550%, 5/1/13		400,000		424,824
6.500%, 8/15/37		500,000		519,865
				11,869,247
Food Products (0.3%)
Archer-Daniels-Midland Co.
7.000%, 2/1/31		200,000		212,277
Bunge Ltd. Finance Corp.
5.875%, 5/15/13		700,000		623,830
ConAgra Foods, Inc.
8.250%, 9/15/30		100,000		106,929
General Mills, Inc.
5.650%, 9/10/12		200,000		211,274
H.J. Heinz Co.
5.350%, 7/15/13		300,000		309,459
Kellogg Co.
4.250%, 3/6/13		200,000		202,782
Kraft Foods, Inc.
6.250%, 6/1/12		1,100,000		1,160,650
6.125%, 2/1/18		200,000		200,452
6.875%, 2/1/38		200,000		196,407
Sara Lee Corp.
6.125%, 11/1/32		100,000		84,215
				3,308,275
Household Products (0.6%)
American Achievement Corp.
8.250%, 4/1/12§		9,035,000		6,550,375
Kimberly-Clark Corp.
6.125%, 8/1/17		200,000		215,298
Prestige Brands, Inc.
9.250%, 4/15/12		1,369,000		1,307,395
Procter & Gamble Co.
4.850%, 12/15/15		200,000		218,231
5.550%, 3/5/37		100,000		101,855
				8,393,154
Tobacco (0.4%)
Altria Group, Inc.
9.250%, 8/6/19		600,000		641,516
9.950%, 11/10/38		200,000		199,582
Philip Morris International, Inc.
5.650%, 5/16/18		200,000		198,721
Reynolds American, Inc.
7.250%, 6/1/13		200,000		190,821
7.750%, 6/1/18		2,040,000		1,797,191
Vector Group Ltd.
11.000%, 8/15/15		2,025,000		1,620,000
				4,647,831
Total Consumer Staples				31,266,740
Energy (3.3%)
Energy Equipment & Services (0.3%)
Baker Hughes, Inc.
6.500%, 11/15/13		200,000		219,284
Cie Generale de Geophysique-Veritas
7.750%, 5/15/17		600,000		459,000
Forbes Energy Services Ltd.
11.000%, 2/15/15		3,275,000		1,948,625
Helix Energy Solutions Group, Inc.
9.500%, 1/15/16§		1,800,000		1,062,000
Transocean, Inc.
6.000%, 3/15/18		100,000		94,212
6.800%, 3/15/38		200,000		175,707
Weatherford International Ltd.
6.000%, 3/15/18		200,000		163,215
				4,122,043
Oil, Gas & Consumable Fuels (3.0%)
Anadarko Petroleum Corp.
5.950%, 9/15/16		400,000		344,512
Apache Corp.
5.250%, 4/15/13		100,000		103,557
Canadian Natural Resources Ltd.
6.250%, 3/15/38		200,000		154,050
Chesapeake Energy Corp.
7.500%, 6/15/14		1,350,000		1,218,375
9.500%, 2/15/15^		550,000		534,875
6.625%, 1/15/16^		500,000		416,250
6.875%, 1/15/16		50,000		42,000
6.250%, 1/15/17	EUR	200,000		196,633
7.250%, 12/15/18^	$	550,000		451,687
Citic Resources Finance Ltd.
6.750%, 5/15/14§		425,000		318,750
Connacher Oil and Gas Ltd.
10.250%, 12/15/15§		4,400,000		1,386,000
Conoco Funding Co.
6.350%, 10/15/11		200,000		216,400
ConocoPhillips
5.900%, 5/15/38		100,000		88,990
6.500%, 2/1/39		300,000		292,643
ConocoPhillips Canada
5.625%, 10/15/16		300,000		310,676
Copano Energy LLC/Copano Energy Finance Corp.
7.750%, 6/1/18§		2,000,000		1,590,000
Devon Financing Corp. ULC
7.875%, 9/30/31		400,000		408,719

64

AXA PREMIER VIP TRUST

MULTIMANAGER HIGH YIELD PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Principal Amount		Value (Note 1)
El Paso Corp.
7.000%, 6/15/17^	$	75,000	$	63,876
EnCana Corp.
5.900%, 12/1/17		100,000		94,383
6.625%, 8/15/37		100,000		87,049
Enterprise Products Operating LLC
6.300%, 9/15/17		300,000		276,517
Ferrellgas Escrow LLC/Ferrellgas Finance Escrow Corp.
6.750%, 5/1/14		460,000		386,400
Ferrellgas Partners LP/Ferrellgas Partners Finance Corp.
7.240%, 8/1/10†		9,000,000		7,695,000
Hess Corp.
6.650%, 8/15/11		200,000		204,013
8.125%, 2/15/19		500,000		515,435
Inergy LP/Inergy Finance Corp.
8.250%, 3/1/16		2,042,000		1,939,900
KCS Energy, Inc.
7.125%, 4/1/12		4,400,000		3,982,000
Kinder Morgan Energy Partners LP
5.950%, 2/15/18		200,000		182,092
5.800%, 3/15/35		200,000		148,388
Kinder Morgan Finance Co. ULC
5.700%, 1/5/16		1,610,000		1,352,400
Linn Energy LLC
9.875%, 7/1/18§		1,450,000		1,189,000
Marathon Oil Corp.
5.900%, 3/15/18		400,000		365,198
7.500%, 2/15/19		300,000		302,247
Massey Energy Co.
6.875%, 12/15/13		1,386,000		1,205,820
Nexen, Inc.
6.400%, 5/15/37		200,000		141,853
Range Resources Corp.
7.250%, 5/1/18		1,550,000		1,387,250
Shell International Finance B.V.
4.950%, 3/22/12		100,000		105,273
6.375%, 12/15/38		300,000		315,907
Sonat, Inc.
7.625%, 7/15/11		2,925,000		2,825,749
StatoilHydro ASA
7.150%, 1/15/29		100,000		106,356
Stone Energy Corp.
8.250%, 12/15/11^		6,500,000		3,412,500
Suncor Energy, Inc.
7.150%, 2/1/32		100,000		78,447
6.500%, 6/15/38		200,000		144,441
Trans-Canada Pipelines Ltd.
7.250%, 8/15/38		400,000		373,854
Valero Energy Corp.
6.875%, 4/15/12		1,400,000		1,412,953
4.750%, 6/15/13		100,000		91,103
6.625%, 6/15/37		100,000		70,688
Williams Cos., Inc.
8.125%, 3/15/12^		75,000		76,125
7.750%, 6/15/31^		400,000		324,000
8.750%, 3/15/32		400,000		363,000
Series A
7.500%, 1/15/31		225,000		177,750
Williams Partners LP/Williams Partners Finance Corp.
7.250%, 2/1/17		300,000		255,000
XTO Energy, Inc.
7.500%, 4/15/12		200,000		209,468
6.500%, 12/15/18		400,000		397,399
6.750%, 8/1/37		100,000		91,012
				40,423,963
Total Energy				44,546,006
Financials (8.7%)
Capital Markets (1.0%)
Bank of New York Mellon Corp.
4.950%, 11/1/12		400,000		408,276
Bear Stearns Cos., Inc.
5.350%, 2/1/12		400,000		395,812
5.700%, 11/15/14		200,000		190,085
Deutsche Bank AG/London
5.375%, 10/12/12		100,000		101,429
4.875%, 5/20/13		400,000		392,344
Goldman Sachs Group, Inc.
6.600%, 1/15/12		400,000		399,464
3.250%, 6/15/12		1,500,000		1,565,673
5.150%, 1/15/14		800,000		730,128
5.350%, 1/15/16		600,000		531,761
1.677%, 3/22/16(l)		300,000		204,140
5.950%, 1/18/18		800,000		726,271
6.150%, 4/1/18		1,450,000		1,324,456
6.125%, 2/15/33		200,000		166,564
6.750%, 10/1/37		400,000		270,536
Merrill Lynch & Co., Inc.
4.790%, 8/4/10		400,000		363,676
6.150%, 4/25/13		400,000		336,239
6.875%, 4/25/18		600,000		469,256
7.750%, 5/14/38		400,000		237,449
Morgan Stanley
3.338%, 5/14/10(l)		2,100,000		2,045,581
6.750%, 4/15/11		400,000		400,308
1.950%, 6/20/12		600,000		599,108
5.300%, 3/1/13		400,000		384,624
4.750%, 4/1/14		400,000		327,031
5.450%, 1/9/17		300,000		262,500
5.950%, 12/28/17		400,000		363,361
6.625%, 4/1/18		600,000		572,104
				13,768,176
Commercial Banks (1.1%)
American Express Bank FSB
3.150%, 12/9/11		600,000		619,969
BAC Capital Trust VI
5.625%, 3/8/35		300,000		127,535
Barclays Bank plc
5.450%, 9/12/12		400,000		404,977
6.050%, 12/4/17^§		1,075,000		845,389
Credit Agricole S.A.
4.130%, 11/29/49(l)	EUR	350,000		187,631
Credit Suisse/New York
5.000%, 5/15/13	$	900,000		869,653
6.000%, 2/15/18		300,000		261,660
HBOS plc
6.750%, 5/21/18^§		2,000,000		1,542,800
HSBC Bank USA/New York
4.625%, 4/1/14		400,000		374,910
HSBC Holdings plc
6.500%, 5/2/36		400,000		330,154
JPMorgan Chase Bank N.A.
6.000%, 10/1/17		400,000		374,950
Rabobank Capital Funding Trust III
5.254%, 12/29/49(l)§		1,100,000		495,000
Regions Bank/Alabama
3.250%, 12/9/11		600,000		624,416

65

AXA PREMIER VIP TRUST

MULTIMANAGER HIGH YIELD PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Principal Amount		Value (Note 1)
Royal Bank of Scotland Group plc
7.640%, 3/31/49(l)	$	1,500,000	$	337,500
Societe Generale S.A.
6.999%, 12/29/49(l)	EUR	600,000		374,665
SunTrust Banks, Inc./Georgia
5.450%, 12/1/17	$	200,000		170,374
U.S. Bank N.A./Ohio
6.375%, 8/1/11		1,000,000		1,050,228
UBS AG/Connecticut
5.750%, 4/25/18		400,000		334,582
Wachovia Bank N.A.
4.875%, 2/1/15		400,000		328,653
6.600%, 1/15/38		700,000		553,598
Wachovia Corp.
5.300%, 10/15/11		100,000		98,718
5.750%, 2/1/18		600,000		531,526
Wells Fargo & Co.
4.875%, 1/12/11		400,000		395,350
3.000%, 12/9/11		1,400,000		1,447,454
4.375%, 1/31/13		600,000		559,231
5.625%, 12/11/17		300,000		273,724
Wells Fargo Bank N.A.
7.550%, 6/21/10		1,100,000		1,108,048
				14,622,695
Consumer Finance (0.7%)
American Express Co.
6.150%, 8/28/17		500,000		414,367
7.000%, 3/19/18		1,925,000		1,698,123
American Express Credit Corp.
5.875%, 5/2/13		200,000		175,596
American General Finance Corp.
4.875%, 7/15/12		400,000		159,527
Capital One Financial Corp.
6.150%, 9/1/16		100,000		63,300
Ford Motor Credit Co. LLC
7.375%, 10/28/09		1,750,000		1,569,487
GMAC LLC
8.000%, 11/1/31		6,260,000		2,324,789
HSBC Finance Corp.
5.250%, 1/14/11		400,000		342,898
6.375%, 11/27/12		500,000		403,726
5.000%, 6/30/15		400,000		296,398
International Lease Finance Corp.
5.750%, 6/15/11		200,000		129,930
6.625%, 11/15/13		400,000		221,560
Russell-Stanley Holdings, Inc.
9.000%, 11/30/09(b)(h)†		729,508		—
SLM Corp.
1.319%, 7/26/10(l)		800,000		567,915
4.500%, 7/26/10		1,375,000		1,031,250
8.450%, 6/15/18		100,000		54,013
				9,452,879
Diversified Financial Services (4.7%)
AES Ironwood LLC
8.857%, 11/30/25		4,310,096		3,792,885
AES Red Oak LLC Series A
8.540%, 11/30/19		2,029,621		1,846,955
Allstate Life Global Funding Trusts
5.375%, 4/30/13		400,000		386,909
Altra Industrial Motion, Inc.
9.000%, 12/1/11		4,525,000		4,230,875
Axcan Intermediate Holdings, Inc.
12.750%, 3/1/16		1,400,000		1,305,500
Bank of America Corp.
4.500%, 8/1/10		800,000		760,995
3.125%, 6/15/12		1,500,000		1,551,820
4.900%, 5/1/13		1,400,000		1,257,598
5.625%, 10/14/16		800,000		678,657
7.250%, 10/15/25		100,000		62,397
Bank of America N.A.
5.300%, 3/15/17		200,000		146,965
Boeing Capital Corp.
6.500%, 2/15/12		200,000		210,926
C10 Capital SPV Ltd.
6.722%, 12/31/49(l)§		400,000		140,096
Caterpillar Financial Services Corp.
5.050%, 12/1/10		200,000		203,960
4.900%, 8/15/13		200,000		190,363
7.150%, 2/15/19		500,000		457,325
CIT Group, Inc.
5.200%, 11/3/10^		1,800,000		1,451,961
7.625%, 11/30/12		200,000		147,206
Citigroup Capital XXI
8.300%, 12/21/57(l)		100,000		48,150
Citigroup, Inc.
5.125%, 2/14/11		400,000		367,285
2.125%, 4/30/12		1,200,000		1,204,042
5.500%, 4/11/13		800,000		702,858
5.000%, 9/15/14		200,000		132,580
5.850%, 8/2/16		400,000		321,198
6.125%, 5/15/18		600,000		517,882
6.875%, 3/5/38		600,000		523,099
Credit Suisse USA, Inc.
6.500%, 1/15/12		200,000		204,340
El Paso Performance-Linked Trust
7.750%, 7/15/11§		3,250,000		3,115,339
General Electric Capital Corp.
5.875%, 2/15/12		800,000		794,141
2.200%, 6/8/12		600,000		603,874
5.250%, 10/19/12		800,000		770,174
4.800%, 5/1/13		400,000		374,868
5.625%, 5/1/18		1,900,000		1,652,090
6.750%, 3/15/32		100,000		81,090
5.875%, 1/14/38		600,000		428,572
Icahn Enterprises LP/Icahn Enterprises Finance Corp.
7.125%, 2/15/13^		8,875,000		7,055,625
John Deere Capital Corp.
7.000%, 3/15/12		100,000		106,481
2.875%, 6/19/12		500,000		512,793
5.500%, 4/13/17		200,000		189,526
JPMorgan Chase & Co.
6.750%, 2/1/11		1,100,000		1,121,331
6.625%, 3/15/12		800,000		781,391
2.125%, 6/22/12		1,800,000		1,808,680
4.750%, 5/1/13		400,000		387,727
6.000%, 1/15/18		600,000		606,050
6.400%, 5/15/38		300,000		294,154
7.900%, 4/29/49(l)		2,350,000		1,510,204
KRATON Polymers LLC/KRATON Polymers Capital Corp.
8.125%, 1/15/14		3,200,000		992,000
Leucadia National Corp.
8.125%, 9/15/15		8,900,000		7,042,125
National Rural Utilities Cooperative Finance Corp.
5.450%, 2/1/18		100,000		91,411
8.000%, 3/1/32		400,000		369,745
NSG Holdings LLC/NSG Holdings, Inc.
7.750%, 12/15/25(b)§		3,900,000		3,081,000
SMFG Preferred Capital USD 3 Ltd.
9.500%, 7/25/49(l)§		500,000		405,035

66

AXA PREMIER VIP TRUST

MULTIMANAGER HIGH YIELD PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Principal Amount		Value (Note 1)
Susser Holdings LLC / Susser Finance Corp.
10.625%, 12/15/13	$	1,318,000	$	1,278,460
Textron Financial Corp.
4.600%, 5/3/10		300,000		240,057
Unilever Capital Corp.
7.125%, 11/1/10		200,000		214,999
Universal City Development Partners Ltd.
11.750%, 4/1/10		1,800,000		1,543,500
Universal City Florida Holding Co. I/II
5.920%, 5/1/10(l)		2,600,000		910,000
8.375%, 5/1/10		3,650,000		1,277,500
				62,484,769
Insurance (0.7%)
Allied World Assurance Co. Holdings Ltd.
7.500%, 8/1/16		1,000,000		636,257
American International Group, Inc.
1.224%, 1/29/10(l)§		1,350,000		1,039,500
4.000%, 9/20/11	EUR	1,250,000		715,714
1.253%, 10/18/11(l)	$	1,725,000		902,955
1.388%, 3/20/12(l)		2,800,000		1,320,236
4.375%, 4/26/16	EUR	1,200,000		478,805
5.450%, 5/18/17	$	200,000		79,115
5.850%, 1/16/18		1,200,000		469,805
8.250%, 8/15/18§		1,800,000		770,213
Chubb Corp.
5.750%, 5/15/18		400,000		394,966
Genworth Financial, Inc.
6.515%, 5/22/18		800,000		257,118
Marsh & McLennan Cos., Inc.
5.375%, 7/15/14		400,000		352,708
MetLife, Inc.
5.000%, 6/15/15		400,000		329,109
5.700%, 6/15/35		200,000		138,164
Principal Life Income Funding Trusts
5.300%, 4/24/13		200,000		183,737
Prudential Financial, Inc.
5.100%, 9/20/14		200,000		149,753
5.700%, 12/14/36		100,000		48,041
Swiss Re Insurance Solutions Holding Corp.
7.000%, 2/15/26		1,500,000		1,137,759
Travelers Cos., Inc.
6.750%, 6/20/36		400,000		386,233
				9,790,188
Real Estate Investment Trusts (REITs) (0.5%)
ERP Operating LP
5.125%, 3/15/16		400,000		315,623
HCP, Inc.
5.650%, 12/15/13		2,200,000		1,656,006
ProLogis
5.625%, 11/15/15		600,000		305,825
Simon Property Group LP
5.000%, 3/1/12		700,000		595,858
5.625%, 8/15/14		200,000		160,398
5.250%, 12/1/16		200,000		148,973
Ventas Realty LP/Ventas Capital Corp.
6.750%, 6/1/10		1,120,000		1,117,200
9.000%, 5/1/12		1,200,000		1,197,000
6.625%, 10/15/14		225,000		200,250
6.750%, 4/1/17		405,000		346,275
				6,043,408
Real Estate Management & Development (0.0%)
Forest City Enterprises, Inc.
6.500%, 2/1/17		450,000		166,500
Total Financials				116,328,615
Health Care (2.2%)
Biotechnology (0.0%)
Amgen, Inc.
4.850%, 11/18/14		200,000		204,990
6.400%, 2/1/39		300,000		288,396
Genentech, Inc.
5.250%, 7/15/35		200,000		167,144
				660,530
Health Care Equipment & Supplies (0.2%)
Accellent, Inc.
10.500%, 12/1/13		1,750,000		1,290,625
Baxter International, Inc.
4.625%, 3/15/15		200,000		203,357
6.250%, 12/1/37		100,000		103,112
Covidien International Finance S.A.
6.000%, 10/15/17		100,000		101,423
Fresenius Medical Care Capital Trust IV
7.875%, 6/15/11		600,000		607,500
				2,306,017
Health Care Providers & Services (0.9%)
Cardinal Health, Inc.
5.500%, 6/15/13		200,000		192,872
CIGNA Corp.
7.875%, 5/15/27		100,000		79,904
HCA, Inc.
9.250%, 11/15/16^		1,400,000		1,274,000
7.500%, 12/15/23		410,000		217,231
Skilled Healthcare Group, Inc.
11.000%, 1/15/14		1,295,000		1,291,763
Surgical Care Affiliates, Inc.
8.875%, 7/15/15 PIK§		1,950,000		1,131,000
10.000%, 7/15/17§		3,250,000		1,657,500
U.S. Oncology Holdings, Inc.
6.904%, 3/15/12 PIK(l)		5,427,408		3,256,445
U.S. Oncology, Inc.
10.750%, 8/15/14		2,108,000		1,939,360
UnitedHealth Group, Inc.
5.250%, 3/15/11		400,000		403,422
WellPoint, Inc.
5.850%, 1/15/36		100,000		80,854
				11,524,351
Pharmaceuticals (1.1%)
Abbott Laboratories, Inc.
5.600%, 5/15/11		200,000		214,448
5.875%, 5/15/16		200,000		214,490
5.600%, 11/30/17		600,000		634,073
Angiotech Pharmaceuticals, Inc.
5.011%, 12/1/13(l)		2,050,000		1,332,500
7.750%, 4/1/14^		2,200,000		627,000
Argatroban Royalty Sub LLC
18.500%, 9/30/14†		4,497,120		3,597,696
AstraZeneca plc
5.400%, 9/15/12		200,000		213,062
6.450%, 9/15/37		200,000		207,456
Bristol-Myers Squibb Co.
5.450%, 5/1/18		200,000		205,173
6.125%, 5/1/38		300,000		299,375
Elan Finance plc/Elan Finance Corp.
5.234%, 11/15/11(l)		2,800,000		2,296,000
5.386%, 12/1/13(l)		2,075,000		1,442,125
Eli Lilly & Co.
5.200%, 3/15/17		100,000		103,196
GlaxoSmithKline Capital, Inc.
4.850%, 5/15/13		200,000		208,080
5.650%, 5/15/18		100,000		102,571

67

AXA PREMIER VIP TRUST

MULTIMANAGER HIGH YIELD PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Principal Amount		Value (Note 1)
6.375%, 5/15/38	$	200,000	$	201,972
Johnson & Johnson
5.150%, 7/15/18		200,000		217,031
5.850%, 7/15/38		100,000		104,308
Merck & Co., Inc.
6.400%, 3/1/28		200,000		206,247
Novartis Securities Investment Ltd.
5.125%, 2/10/19		600,000		609,193
Phibro Animal Health Corp.
13.000%, 8/1/14§		2,115,000		1,649,700
Schering-Plough Corp.
6.000%, 9/15/17		200,000		206,189
Wyeth
5.500%, 3/15/13		200,000		208,230
6.000%, 2/15/36		100,000		93,318
5.950%, 4/1/37		200,000		188,347
				15,381,780
Total Health Care				29,872,678
Industrials (1.9%)
Aerospace & Defense (0.2%)
Alion Science and Technology Corp.
10.250%, 2/1/15		7,075,000		1,061,250
Boeing Co.
6.125%, 2/15/33		100,000		96,412
General Dynamics Corp.
4.250%, 5/15/13		200,000		207,018
Honeywell International, Inc.
4.250%, 3/1/13		200,000		206,078
Lockheed Martin Corp. Series B
6.150%, 9/1/36		200,000		202,111
Northrop Grumman Systems Corp.
7.125%, 2/15/11		100,000		106,702
United Technologies Corp.
5.375%, 12/15/17		200,000		204,757
6.125%, 7/15/38		100,000		101,524
				2,185,852
Air Freight & Logistics (0.0%)
United Parcel Service, Inc.
4.500%, 1/15/13		200,000		210,195
6.200%, 1/15/38		100,000		101,747
				311,942
Airlines (0.2%)
Delta Air Lines, Inc.
8.954%, 8/10/14		3,393,109		2,358,211
UAL Pass-Through Trust Series 2000-2
7.032%, 10/1/10		386,326		370,873
				2,729,084
Building Products (0.1%)
Masco Corp.
4.800%, 6/15/15		1,700,000		1,095,521
Commercial Services & Supplies (0.4%)
MSX International UK/MXS International Business Services FR/MXS International GmBH
12.500%, 4/1/12§		5,620,000		1,967,000
Pitney Bowes, Inc.
4.750%, 1/15/16		100,000		96,094
R.R. Donnelley & Sons Co.
4.950%, 4/1/14		400,000		300,128
Sheridan Group, Inc.
10.250%, 8/15/11		5,375,000		3,144,375
Waste Management, Inc.
7.000%, 7/15/28		100,000		88,720
				5,596,317
Construction & Engineering (0.1%)
Esco Corp.
8.625%, 12/15/13§		1,700,000		1,292,000
Electrical Equipment (0.2%)
Emerson Electric Co.
5.250%, 10/15/18		100,000		103,874
Legrand France S.A.
8.500%, 2/15/25		3,000,000		2,526,468
				2,630,342
Industrial Conglomerates (0.2%)
3M Co.
4.375%, 8/15/13		100,000		105,313
Cooper U.S., Inc.
5.250%, 11/15/12		100,000		102,894
General Electric Co.
5.000%, 2/1/13		200,000		200,022
Harland Clarke Holdings Corp.
5.984%, 5/15/15(l)		3,845,000		1,345,750
Koninklijke Philips Electronics N.V.
6.875%, 3/11/38		200,000		194,014
				1,947,993
Machinery (0.1%)
Caterpillar, Inc.
6.050%, 8/15/36		100,000		85,795
Danaher Corp.
5.625%, 1/15/18		300,000		308,021
Dover Corp.
6.600%, 3/15/38		100,000		107,900
Trimas Corp.
9.875%, 6/15/12		2,777,000		1,360,730
				1,862,446
Road & Rail (0.4%)
Burlington Northern Santa Fe Corp.
6.150%, 5/1/37		100,000		91,780
Burlington Resources Finance Co.
7.200%, 8/15/31		100,000		99,548
CSX Corp.
7.375%, 2/1/19		300,000		277,933
Norfolk Southern Corp.
7.700%, 5/15/17		100,000		111,544
5.750%, 4/1/18		300,000		298,131
Union Pacific Corp.
6.125%, 2/15/20		300,000		292,007
6.150%, 5/1/37		100,000		93,433
United Rentals North America, Inc.
6.500%, 2/15/12^		4,650,000		3,720,000
				4,984,376
Total Industrials				24,635,873
Information Technology (1.7%)
Communications Equipment (0.0%)
Cisco Systems, Inc.
5.250%, 2/22/11		200,000		211,460
5.500%, 2/22/16		100,000		105,813
Motorola, Inc.
6.000%, 11/15/17		200,000		155,102
Nortel Networks Ltd.
0.000%, 7/15/11(h)		1,750,000		280,000
				752,375

68

AXA PREMIER VIP TRUST

MULTIMANAGER HIGH YIELD PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Principal Amount		Value (Note 1)
Computers & Peripherals (0.1%)
Dell, Inc.
6.500%, 4/15/38	$	200,000	$	160,345
Hewlett-Packard Co.
4.500%, 3/1/13		400,000		411,355
International Business Machines Corp.
4.750%, 11/29/12		200,000		211,982
5.700%, 9/14/17		400,000		414,349
5.875%, 11/29/32		100,000		97,192
				1,295,223
Electronic Equipment, Instruments & Components (0.9%)
Celestica, Inc.
7.875%, 7/1/11		7,780,000		7,585,500
NXP B.V./NXP Funding LLC
5.362%, 10/15/13(l)	EU	R 5,000,000		1,062,880
8.625%, 10/15/15		1,000,000		112,931
Sanmina-SCI Corp.
6.750%, 3/1/13	$	1,000,000		390,000
4.070%, 6/15/14(l)§		4,000,000		2,200,000
8.125%, 3/1/16		375,000		131,250
				11,482,561
IT Services (0.3%)
Compucom Systems, Inc.
12.500%, 10/1/15§		3,600,000		2,088,000
SunGard Data Systems, Inc.
9.125%, 8/15/13		2,000,000		1,740,000
				3,828,000
Office Electronics (0.1%)
Xerox Capital Trust I
8.000%, 2/1/27		1,400,000		985,978
Xerox Corp.
6.350%, 5/15/18		200,000		149,000
				1,134,978
Semiconductors & Semiconductor Equipment (0.2%)
Freescale Semiconductor, Inc.
8.875%, 12/15/14		1,080,000		226,800
9.125%, 12/15/14 PIK		2,175,000		163,125
Sensata Technologies B.V.
8.000%, 5/1/14		6,975,000		2,092,500
				2,482,425
Software (0.1%)
Oracle Corp.
5.000%, 1/15/11		400,000		419,356
5.750%, 4/15/18		500,000		521,810
				941,166
Total Information Technology				21,916,728
Materials (2.2%)
Chemicals (0.6%)
Chemtura Corp.
6.875%, 6/1/16(h)		1,720,000		774,000
Cognis GmbH
3.320%, 9/15/13(b)(l)§		5,000,000		2,950,000
E.I. du Pont de Nemours & Co.
5.000%, 7/15/13		200,000		207,152
5.250%, 12/15/16		100,000		100,415
Ineos Group Holdings plc
8.500%, 2/15/16§		7,000,000		402,500
Monsanto Co.
7.375%, 8/15/12		200,000		221,414
5.125%, 4/15/18		100,000		100,970
5.875%, 4/15/38		200,000		192,070
Reichhold Industries, Inc.
9.000%, 8/15/14§		4,745,000		1,992,900
Rohm and Haas Co.
5.600%, 3/15/13		500,000		468,108
				7,409,529
Containers & Packaging (0.6%)
Berry Plastics Corp.
5.844%, 2/15/15(l)		4,295,000		3,113,875
Graham Packaging Co. LP/GPC Capital Corp. I
8.500%, 10/15/12		1,550,000		1,189,625
Impress Holdings B.V.
4.219%, 9/15/13(l)§		4,725,000		3,561,469
Packaging Corp. of America
5.750%, 8/1/13		500,000		461,343
				8,326,312
Metals & Mining (0.3%)
Alcoa, Inc.
6.000%, 7/15/13		200,000		159,633
5.900%, 2/1/27		200,000		112,058
ArcelorMittal S.A.
5.375%, 6/1/13		200,000		155,242
6.125%, 6/1/18		200,000		144,690
Barrick N.A. Finance LLC
7.500%, 9/15/38		100,000		95,785
BHP Billiton Finance USA Ltd.
4.800%, 4/15/13		200,000		195,246
FMG Finance Property Ltd.
5.261%, 9/1/11(l)^§		750,000		637,500
Freeport-McMoRan Copper & Gold, Inc.
8.375%, 4/1/17		1,275,000		1,192,125
Nucor Corp.
5.750%, 12/1/17		200,000		200,117
Rio Tinto Finance USA Ltd.
5.875%, 7/15/13		200,000		179,343
6.500%, 7/15/18		200,000		175,032
7.125%, 7/15/28		100,000		82,102
Vale Overseas Ltd.
6.875%, 11/21/36		400,000		345,416
				3,674,289
Paper & Forest Products (0.7%)
Georgia-Pacific LLC
8.000%, 1/15/24^		3,900,000		3,100,500
7.375%, 12/1/25		6,650,000		4,788,000
7.250%, 6/1/28		1,000,000		695,000
International Paper Co.
7.400%, 6/15/14		200,000		164,989
Newark Group, Inc.
9.750%, 3/15/14		5,660,000		495,250
Smurfit Kappa Treasury Funding Ltd.
7.500%, 11/20/25		300,000		169,500
Westvaco Corp.
8.200%, 1/15/30		500,000		394,180
Weyerhaeuser Co.
6.950%, 10/1/27		100,000		65,083
				9,872,502
Total Materials				29,282,632
Telecommunication Services (2.2%)
Diversified Telecommunication Services (1.9%)
AT&T Corp.
7.300%, 11/15/11		400,000		429,803
8.000%, 11/15/31		200,000		217,237
AT&T, Inc.
4.950%, 1/15/13		200,000		202,891
5.100%, 9/15/14		200,000		200,673
5.625%, 6/15/16		400,000		400,877
6.300%, 1/15/38		500,000		439,056

69

AXA PREMIER VIP TRUST

MULTIMANAGER HIGH YIELD PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Principal Amount		Value (Note 1)
6.400%, 5/15/38	$	200,000	$	177,942
6.550%, 2/15/39		500,000		453,491
British Telecommunications plc
9.125%, 12/15/30		300,000		272,674
Deutsche Telekom International Finance B.V.
8.750%, 6/15/30		500,000		534,153
Embarq Corp.
7.082%, 6/1/16		100,000		90,000
7.995%, 6/1/36		100,000		75,000
Fairpoint Communications, Inc.
13.125%, 4/1/18§		8,500,000		1,615,000
France Telecom S.A.
7.750%, 3/1/11		400,000		428,397
Frontier Communications Corp.
7.125%, 3/15/19		1,575,000		1,236,375
9.000%, 8/15/31^		100,000		68,625
Hawaiian Telcom Communications, Inc. Series B
9.750%, 5/1/13(h)		4,050,000		60,750
Level 3 Financing, Inc.
12.250%, 3/15/13		1,855,000		1,391,250
Nordic Telephone Co. Holdings ApS
8.875%, 5/1/16(b)§		1,650,000		1,542,750
Qwest Capital Funding, Inc.
7.000%, 8/3/09		2,150,000		2,144,625
7.900%, 8/15/10^		900,000		877,500
Qwest Corp.
8.875%, 3/15/12^		3,131,000		3,091,862
Sprint Capital Corp.
6.900%, 5/1/19^		2,470,000		1,741,350
8.750%, 3/15/32		250,000		167,500
Telcordia Technologies, Inc.
4.844%, 7/15/12(l)§		2,600,000		1,417,000
Telecom Italia Capital S.A.
5.250%, 11/15/13		200,000		179,607
5.250%, 10/1/15		400,000		337,262
Telefonica Emisiones S.A.U.
6.421%, 6/20/16		700,000		723,753
7.045%, 6/20/36		300,000		308,258
Time Warner Telecom Holdings, Inc.
9.250%, 2/15/14		200,000		193,000
Verizon Communications, Inc.
7.250%, 12/1/10		400,000		422,593
7.375%, 9/1/12		400,000		432,318
5.500%, 2/15/18		600,000		571,395
7.750%, 12/1/30		400,000		407,546
6.900%, 4/15/38		100,000		96,718
West Corp.
9.500%, 10/15/14		755,000		525,669
Wind Acquisition Finance S.A.
10.750%, 12/1/15(b)^§		550,000		544,500
Windstream Corp.
8.625%, 8/1/16		1,475,000		1,449,188
				25,468,588
Wireless Telecommunication Services (0.3%)
America Movil S.A.B. de C.V.
6.375%, 3/1/35		100,000		80,329
MetroPCS Wireless, Inc.
9.250%, 11/1/14^		110,000		106,700
New Cingular Wireless Services, Inc.
7.875%, 3/1/11		200,000		213,701
8.125%, 5/1/12		200,000		218,041
8.750%, 3/1/31		100,000		109,666
Rogers Communications, Inc.
6.800%, 8/15/18		100,000		99,948
7.500%, 8/15/38		100,000		99,166
Sprint Nextel Corp.
1.632%, 6/28/10(l)		2,175,000		2,012,834
Verizon Wireless Capital LLC
8.500%, 11/15/18§		400,000		456,928
Vodafone Group plc
5.000%, 12/16/13		200,000		202,677
5.625%, 2/27/17		400,000		396,436
				3,996,426
Total Telecommunication Services				29,465,014
Utilities (2.3%)
Electric Utilities (1.0%)
AES Corp.
9.750%, 4/15/16§		525,000		493,500
Appalachian Power Co.
7.950%, 1/15/20		300,000		307,891
7.000%, 4/1/38		200,000		176,156
Baltimore Gas & Electric Co.
6.125%, 7/1/13		300,000		299,379
Carolina Power & Light Co.
6.300%, 4/1/38		300,000		309,358
Commonwealth Edison Co.
6.450%, 1/15/38		400,000		351,939
Consolidated Edison Co. of New York, Inc. Series 07-A
6.300%, 8/15/37		100,000		92,680
Series 08-B
6.750%, 4/1/38		100,000		97,885
Duke Energy Carolinas LLC Series C
7.000%, 11/15/18		100,000		114,818
Duke Energy Corp.
5.650%, 6/15/13		400,000		410,042
Duke Energy Ohio, Inc.
5.700%, 9/15/12		200,000		204,202
Exelon Corp.
4.900%, 6/15/15		200,000		169,815
Exelon Generation Co. LLC
6.200%, 10/1/17		100,000		89,418
FirstEnergy Corp. Series B
6.450%, 11/15/11		200,000		200,181
Series C
7.375%, 11/15/31		200,000		162,755
FPL Group Capital, Inc.
5.625%, 9/1/11		100,000		106,280
Intergen N.V.
9.000%, 6/30/17(b)§		3,550,000		3,212,750
MidAmerican Energy Co.
5.750%, 11/1/35		100,000		88,612
MidAmerican Energy Holdings Co.
5.875%, 10/1/12		400,000		415,270
6.125%, 4/1/36		200,000		177,364
5.950%, 5/15/37		100,000		86,395
6.500%, 9/15/37		200,000		184,954
Midwest Generation LLC Series B
8.560%, 1/2/16		520,915		483,149
Nevada Power Co.
6.500%, 8/1/18		200,000		191,417
Northern States Power Co.
5.250%, 3/1/18		200,000		203,752
Oncor Electric Delivery Co.
6.375%, 5/1/12		100,000		98,890

70

AXA PREMIER VIP TRUST

MULTIMANAGER HIGH YIELD PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Principal Amount		Value (Note 1)
Pacific Gas & Electric Co.
8.250%, 10/15/18	$	600,000	$	707,152
6.050%, 3/1/34		200,000		195,709
PPL Energy Supply LLC
6.500%, 5/1/18		100,000		87,881
Progress Energy, Inc.
7.100%, 3/1/11		100,000		103,669
Public Service Electric & Gas Co.
5.375%, 9/1/13		200,000		207,101
South Carolina Electric & Gas Co.
6.050%, 1/15/38		100,000		99,047
Southern California Edison Co.
5.750%, 3/15/14		400,000		432,487
Series 08-A
5.950%, 2/1/38		100,000		99,038
Southern Co. Series A
5.300%, 1/15/12		400,000		416,993
SPI Electricity & Gas Australia Holdings Pty Ltd.
6.150%, 11/15/13§		1,700,000		1,681,229
Tenaska Alabama Partners LP
7.000%, 6/30/21§		47,232		36,440
Texas Competitive Electric Holdings Co. LLC
10.500%, 11/1/16 PIK		225,000		83,250
Union Electric Co.
6.700%, 2/1/19		200,000		190,504
Virginia Electric & Power Co. Series A
4.750%, 3/1/13		200,000		201,924
6.000%, 5/15/37		100,000		95,809
				13,367,085
Gas Utilities (0.4%)
AmeriGas Partners LP
7.250%, 5/20/15		774,000		727,560
AmeriGas Partners LP/AmeriGas Eagle Finance Corp.
7.125%, 5/20/16		3,825,000		3,595,500
Oneok, Inc.
6.000%, 6/15/35		100,000		68,352
Suburban Propane Partners LP/Suburban Energy Finance Corp.
6.875%, 12/15/13		350,000		332,500
				4,723,912
Independent Power Producers & Energy Traders (0.4%)
Dynegy Holdings, Inc.
7.125%, 5/15/18		400,000		212,000
NRG Energy, Inc.
7.375%, 2/1/16		1,428,000		1,328,040
Reliant Energy Mid-Atlantic Power Holdings LLC Series B
9.237%, 7/2/17		2,546,394		2,444,538
Reliant Energy, Inc.
6.750%, 12/15/14^		1,050,000		966,000
Tennessee Valley Authority
5.500%, 7/18/17		800,000		893,133
				5,843,711
Multi-Utilities (0.2%)
CenterPoint Energy Resources Corp. Series B
7.875%, 4/1/13		200,000		204,766
CMS Energy Corp.
8.500%, 4/15/11		2,000,000		2,010,628
Dominion Resources, Inc. Series B
5.950%, 6/15/35		100,000		84,626
DTE Energy Co.
6.350%, 6/1/16		200,000		173,039
NiSource Finance Corp.
5.450%, 9/15/20		100,000		73,274
Sempra Energy
6.000%, 2/1/13		200,000		203,199
				2,749,532
Multi-Utilities & Unregulated Power (0.3%)
Dynegy-Roseton/Danskammer Pass Through Trust Series A
7.270%, 11/8/10		4,454,287		4,175,895
Total Utilities				30,860,135
Total Corporate Bonds				474,315,554
Government Securities (18.5%)
Foreign Governments (0.7%)
Federative Republic of Brazil
10.250%, 6/17/13		600,000		721,500
8.875%, 10/14/19		200,000		235,000
8.875%, 4/15/24		400,000		461,000
10.125%, 5/15/27		100,000		128,000
8.250%, 1/20/34		600,000		666,000
Province of Manitoba
5.000%, 2/15/12		400,000		426,023
Province of Nova Scotia
5.125%, 1/26/17		200,000		213,770
Province of Ontario
4.950%, 6/1/12		300,000		319,110
4.950%, 11/28/16		400,000		427,921
Province of Quebec
4.875%, 5/5/14		400,000		427,770
4.625%, 5/14/18		400,000		397,602
7.500%, 9/15/29		300,000		386,685
Republic of Italy
3.500%, 7/15/11		1,000,000		1,012,377
5.250%, 9/20/16		800,000		828,128
Republic of Peru
6.550%, 3/14/37		200,000		179,000
Republic of South Africa
5.875%, 5/30/22		400,000		358,000
State of Israel
5.125%, 3/1/14		100,000		108,500
United Mexican States
6.375%, 1/16/13		200,000		211,000
5.625%, 1/15/17		700,000		684,600
8.300%, 8/15/31		200,000		221,700
6.050%, 1/11/40		400,000		342,000
				8,755,686
Municipal Bonds (0.1%)
State of Texas
5.000%, 4/1/37		1,900,000		1,885,845
Supranational (0.4%)
Asian Development Bank
3.000%, 2/15/11		400,000		409,385
4.250%, 10/20/14		400,000		429,008
European Investment Bank
3.125%, 7/15/11		1,400,000		1,445,811
4.250%, 7/15/13		1,000,000		1,052,406
4.875%, 1/17/17		400,000		421,395
Inter-American Development Bank
4.375%, 9/20/12		400,000		424,047
5.125%, 9/13/16		200,000		216,916

71

AXA PREMIER VIP TRUST

MULTIMANAGER HIGH YIELD PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Principal Amount		Value (Note 1)
International Bank for Reconstruction & Development
5.000%, 4/1/16	$	400,000	$	435,163
4.750%, 2/15/35		100,000		98,547
Nordic Investment Bank
3.625%, 6/17/13		400,000		413,349
				5,346,027
U.S. Government Agencies (4.9%)
Federal Home Loan Bank
2.375%, 4/30/10		2,000,000		2,029,276
3.375%, 8/13/10		2,500,000		2,575,290
3.375%, 10/20/10		2,000,000		2,065,554
5.375%, 8/19/11		1,400,000		1,515,616
5.125%, 8/14/13		800,000		890,415
4.000%, 9/6/13		1,000,000		1,066,432
5.500%, 8/13/14		800,000		911,497
5.000%, 11/17/17		1,200,000		1,311,141
5.500%, 7/15/36		200,000		228,385
Federal Home Loan Mortgage Corp.
4.125%, 7/12/10		5,200,000		5,413,403
3.875%, 6/29/11		4,100,000		4,310,059
4.500%, 7/15/13		2,000,000		2,180,872
2.500%, 1/7/14		1,200,000		1,200,841
5.000%, 7/15/14		1,200,000		1,345,770
5.000%, 4/18/17		200,000		218,445
4.875%, 6/13/18		4,300,000		4,768,502
6.750%, 3/15/31		400,000		533,543
6.250%, 7/15/32		200,000		254,142
6.000%, 2/1/39		7,700,000		8,058,474
Federal National Mortgage Association
4.750%, 3/12/10		1,600,000		1,656,205
2.375%, 5/20/10		1,000,000		1,015,148
3.250%, 8/12/10		2,000,000		2,057,176
6.000%, 5/15/11		800,000		877,347
5.000%, 2/16/12		1,600,000		1,748,392
2.500%, 2/17/12		1,500,000		1,509,416
4.625%, 10/15/13		3,200,000		3,513,805
5.000%, 2/13/17		2,000,000		2,188,858
5.000%, 5/11/17		1,000,000		1,109,631
6.250%, 5/15/29		600,000		750,745
7.125%, 1/15/30		400,000		549,615
6.000%, 9/1/38		6,479,030		6,774,588
				64,628,583
U.S. Treasuries (12.4%)
U.S. Treasury Bonds
11.250%, 2/15/15		2,800,000		4,224,718
9.250%, 2/15/16		600,000		863,485
7.250%, 5/15/16		2,000,000		2,635,782
8.750%, 5/15/17		1,200,000		1,731,000
9.125%, 5/15/18		600,000		908,015
8.125%, 8/15/19		2,000,000		2,900,000
8.750%, 8/15/20		3,500,000		5,339,687
7.875%, 2/15/21		600,000		870,094
8.125%, 8/15/21		600,000		891,844
7.125%, 2/15/23		600,000		843,750
6.750%, 8/15/26		1,600,000		2,276,000
6.625%, 2/15/27		1,100,000		1,549,109
5.500%, 8/15/28		3,800,000		4,795,718
5.250%, 2/15/29		2,000,000		2,462,812
6.125%, 8/15/29		1,000,000		1,361,250
6.250%, 5/15/30		600,000		832,687
4.500%, 2/15/36		1,900,000		2,189,157
4.750%, 2/15/37		800,000		958,500
4.375%, 2/15/38		1,400,000		1,590,313
4.500%, 5/15/38		2,100,000		2,451,750
U.S. Treasury Notes
1.750%, 3/31/10		6,100,000		6,168,863
2.125%, 4/30/10		8,000,000		8,132,816
3.875%, 7/15/10		2,000,000		2,085,390
2.375%, 8/31/10		9,900,000		10,142,471
2.000%, 9/30/10		2,000,000		2,039,922
1.500%, 10/31/10		1,600,000		1,619,062
0.875%, 12/31/10		3,100,000		3,105,692
0.875%, 1/31/11		4,300,000		4,309,417
4.500%, 2/28/11		5,000,000		5,350,780
4.875%, 4/30/11		3,100,000		3,359,383
5.125%, 6/30/11		8,800,000		9,648,373
5.000%, 8/15/11		2,500,000		2,747,655
4.500%, 9/30/11		3,600,000		3,913,877
4.500%, 11/30/11		1,000,000		1,092,031
4.625%, 12/31/11		2,000,000		2,195,468
4.875%, 2/15/12		2,000,000		2,215,624
4.500%, 3/31/12		2,000,000		2,196,562
4.625%, 7/31/12		400,000		443,719
4.000%, 11/15/12		2,000,000		2,192,500
3.875%, 2/15/13		3,200,000		3,505,501
2.750%, 2/28/13		2,500,000		2,634,375
3.500%, 5/31/13		1,200,000		1,301,344
3.375%, 7/31/13		1,800,000		1,947,375
3.125%, 9/30/13		2,600,000		2,784,439
2.750%, 10/31/13		1,800,000		1,898,438
2.000%, 11/30/13		3,600,000		3,674,250
1.500%, 12/31/13		2,100,000		2,094,750
1.750%, 1/31/14		5,800,000		5,839,440
4.750%, 5/15/14		2,400,000		2,771,251
4.250%, 8/15/14		1,600,000		1,811,000
4.000%, 2/15/15		1,000,000		1,118,594
4.250%, 8/15/15		2,000,000		2,278,750
4.875%, 8/15/16		1,000,000		1,176,641
4.625%, 2/15/17		1,000,000		1,161,875
4.750%, 8/15/17		1,700,000		1,988,469
4.250%, 11/15/17		2,000,000		2,268,750
3.500%, 2/15/18		1,200,000		1,287,750
3.875%, 5/15/18		3,500,000		3,860,937
4.000%, 8/15/18		1,900,000		2,111,375
3.750%, 11/15/18		2,800,000		3,052,224
				165,202,804
Total Government Securities				245,818,945
Total Long-Term Debt Securities (54.7%) (Cost $933,846,486)				728,710,842
	Number of Shares		Value (Note 1)
CONVERTIBLE PREFERRED STOCKS:
Consumer Discretionary (0.0%)
Automobiles (0.0%)
General Motors Corp. Series B
5.250%		81,000		207,563
Total Consumer Discretionary				207,563
Financials (0.5%)
Commercial Banks (0.2%)
Wells Fargo & Co. Series L
7.500%		6,475		3,101,460
Diversified Financial Services (0.3%)
Bank of America Corp. Series L
7.250%		8,185		3,335,388

72

AXA PREMIER VIP TRUST

MULTIMANAGER HIGH YIELD PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Number of Shares		Value (Note 1)
Citigroup, Inc. Series T
6.500%		18,550	$	502,009
			3,837,397
Insurance (0.0%)
American International Group, Inc.
8.500%		700		3,780
Total Financials				6,942,637
Materials (0.1%)
Metals & Mining (0.1%)
Freeport-McMoRan Copper & Gold, Inc.
6.750%		8,800		567,600
Total Materials				567,600
Total Convertible Preferred Stocks (0.6%) (Cost $15,239,788)				7,717,800
	Principal Amount		Value (Note 1)
SHORT-TERM INVESTMENTS:
Government Securities (1.7%)
Federal Home Loan Bank
0.04%, 4/3/09 (o)(p)	$	4,400,000		4,399,987
0.04%, 4/7/09 (o)(p)		1,500,000		1,499,988
0.05%, 4/16/09 (o)(p)		200,000		199,996
0.05%, 4/20/09 (o)(p)		300,000		299,992
0.05%, 4/21/09 (o)(p)^		1,200,000		1,199,967
Federal Home Loan Mortgage Corp.
0.19%, 6/22/09 (o)(p)		3,700,000		3,698,398
Federal National Mortgage Association
0.05%, 4/13/09 (o)(p)		7,700,000		7,699,869
0.05%, 4/27/09 (o)(p)		3,800,000		3,799,863
Total Government Securities				22,798,060
Short-Term Investments of Cash Collateral for Securities Loaned (2.7%)
Banco de Sabadell S.A.
1.17%, 4/23/09 (l)		3,840,000		3,840,000
BBVA Senior Finance S.A.
1.38%, 3/12/10 (l)		2,820,000		2,769,801
General Electric Capital Corp.
0.40%, 3/12/10 (l)		510,000		482,072
K2 (USA) LLC
0.37%, 5/29/09 (l)		5,119,648		5,119,648
0.37%, 6/18/09 (l)		6,399,526		6,378,145
Lehman Brothers Holdings, Inc.
0.00%, 8/21/09 (h)(s)		3,199,979		383,998
Links Finance LLC
0.37%, 6/25/09 (l)		1,919,879		1,911,591
Monumental Global Funding II
0.43%, 5/26/10 (l)		6,020,000		5,117,000
Morgan Stanley
0.46%, 5/7/09 (l)		6,400,000		6,400,000
Pricoa Global Funding I
0.40%, 6/25/10 (l)		3,839,519		3,465,600
Total Short-Term Investments of Cash Collateral for Securities Loaned				35,867,855
Total Short-Term Investments (4.4%) (Cost/Amortized Cost $62,865,484)				58,665,915
Total Investments (59.7%) (Cost/Amortized Cost $1,011,951,758)				795,094,557
Other Assets Less Liabilities (40.3%)				536,454,985
Net Assets (100%)			$	1,331,549,542

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

† Securities (totaling $11,292,696 or 0.8% of net assets) at fair value.

§ Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may only be resold to qualified institutional buyers. At March 31, 2009, the market value of these securities amounted to $93,745,390 or 7.0% of net assets. Securities denoted with “§” but without “b” have been determined to be liquid under the guidelines established by the Board of Trustees. To the extent any securities might provide a right to demand registration, such rights have not been relied upon when determining liquidity.

(b) Illiquid Security.

(e) Step Bond - Coupon rate increases in increments to maturity. Rate disclosed is as of March 31, 2009. Maturity date disclosed is the ultimate maturity date.

(h) Security in default.

(l) Floating Rate Security. Rate disclosed is as of March 31, 2009.

(o) Discount Note Security. Effective rate calculated as of March 31, 2009.

(p) Yield to maturity.

(s) Issuer in bankruptcy.

Glossary:

CMO — Collateralized Mortgage Obligation

EUR — European Currency Unit

PIK — Payment-in Kind Security

73

AXA PREMIER VIP TRUST

MULTIMANAGER HIGH YIELD PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

At March 31, 2009 the Portfolio had the following futures contracts open: (Note 1)

Purchases	Number of Contracts	Expiration Date	Original Value		Value at 3/31/2009		Unrealized Appreciation
90 Day Sterling	91	September-09	$	15,816,257	$	16,091,287	$	275,030
90 Day Sterling	86	December-09		14,938,226		15,179,386		241,160
EURODollar	9	December-09		2,144,362		2,221,987		77,625
							$	593,815

At March 31, 2009 the Portfolio had outstanding foreign currency contracts to buy/sell foreign currencies as follows: (Note 1)

	Local Contract Buy Amount (000’s)	Local Contract Sell Amount (000’s)	U.S. $ Current Buy Value		U.S. $ Current Sell Value		Unrealized Appreciation/ (Depreciation)
Foreign Currency Buy Contracts
British Pound vs. U.S. Dollar, expiring 4/9/09	59	84	$	84,658	$	84,080	$	578
Canadian Dollar vs. U.S. Dollar, expiring 7/27/09	2,000	1,588		1,588,787		1,588,310		477
European Union vs. U.S. Dollar, expiring 4/14/09	35	47		46,499		47,404		(905	)
European Union vs. U.S. Dollar, expiring 7/27/09	3,475	4,456		4,617,935		4,455,645		162,290
							$	162,440
Foreign Currency Sell Contracts
British Pound vs. U.S. Dollar, expiring 4/9/09	1,155	796	$	1,154,669	$	1,142,159	$	12,510
Canadian Dollar vs. U.S. Dollar, expiring 7/27/09	1,587	2,000		1,587,176		1,588,788		(1,612	)
European Union vs. U.S. Dollar, expiring 4/14/09	5,934	4,702		5,934,291		6,246,889		(312,598	)
European Union vs. U.S. Dollar, expiring 7/27/09	12,891	10,100		12,890,630		13,421,912		(531,282	)
European Union vs. U.S. Dollar, expiring 10/16/09	325	255		324,821		339,040		(14,219	)
							$	(847,201	)
							$	(684,761	)

Various inputs are used in determining the value of the Portfolio’s investments. These inputs are summarized in the three broad levels listed below:

• Level 1 - Quoted prices in active markets for identical securities

• Level 2 - Significant other observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)

• Level 3 - Significant unobservable inputs (including the Portfolio’s own assumptions in determining the fair value of investments)

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, money market securities are valued using amortized cost, in accordance with rules under the Investment Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active market, such securities are reflected as Level 2.

The following is a summary of the inputs used to value the Portfolio’s net assets as of March 31, 2009:

Description	Quoted Prices in Active Markets for Identical Securities (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Assets
Investments in Securities	$	3,105,240	$	780,696,621	$	11,292,696	$	795,094,557
Other Investments*		593,815		175,855		—		769,670
Total	$	3,699,055	$	780,872,476	$	11,292,696	$	795,864,227
Liabilities
Investments in Securities	$	—	$	—	$	—	$	—
Other Investments*		—		860,616		—		860,616
Total	$	—	$	860,616	$	—	$	860,616

74

AXA PREMIER VIP TRUST

MULTIMANAGER HIGH YIELD PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:

	Investments in Securities		Other Investments*
Balance as of 12/31/08	$	10,685,196	$	—
Total gains or losses (realized/unrealized) included in earnings		607,500		—
Purchases, sales, issuances, and settlements (net)		—		—
Transfers in and/or out of Level 3		—		—
Balance as of 3/31/09	$	11,292,696	$	—
The amount of total gains or losses for the year included in earnings attributable to the change in unrealized gains or losses relating to assets and liabilities still held at period ending 3/31/09.	$	599,171	$	—

* Other investments are derivative instruments, such as futures, forwards and written options, which are valued at the unrealized appreciation/depreciation on the instrument.

Investment security transactions for the three months ended March 31, 2009 were as follows:

Cost of Purchases:
Stocks and long-term corporate debt securities	$	303,159,068
Long-term U.S. Treasury securities		164,616,086
	$	467,775,154
Net Proceeds of Sales and Redemptions:
Stocks and long-term corporate debt securities	$	898,481,107
Long-term U.S. Treasury securities		0
	$	898,481,107

As of March 31, 2009, 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	$	—
Aggregate gross unrealized depreciation		(221,523,564	)
Net unrealized depreciation	$	(221,523,564	)
Federal income tax cost of investments	$	1,016,618,121

At March 31, 2009, the Portfolio had loaned securities with a total value of $35,461,806. This was secured by collateral of $40,068,552, which was received as cash and subsequently invested in short-term investments currently valued at $35,867,855, as reported in the portfolio of investments.

The Portfolio has a net capital loss carryforward of $298,581,254 of which $114,524,895 expires in the year 2009, $91,978,211 expires in the year 2010, $11,568,090 expires in the year 2014, and $80,510,058 expires in the year 2016.

See Notes to Portfolio of Investments.

75

AXA PREMIER VIP TRUST

MULTIMANAGER INTERNATIONAL EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS

March 31, 2009 (Unaudited)

	Number of Shares	Value (Note 1)
COMMON STOCKS:
Australia (5.0%)
AGL Energy Ltd.	25,494	$	265,649
Alumina Ltd.	83,420		75,898
Amcor Ltd.	292,768		907,178
AMP Ltd.	112,677		369,258
Aristocrat Leisure Ltd.	18,477		43,731
ASX Ltd.	10,969		224,302
Australia & New Zealand Banking Group Ltd.	307,015		3,373,118
Bendigo and Adelaide Bank Ltd.	18,684		106,683
BHP Billiton Ltd.	240,862		5,368,525
Billabong International Ltd.	9,594		56,830
BlueScope Steel Ltd.	55,753		100,020
Boral Ltd.	33,472		84,286
Brambles Ltd.	79,124		264,831
Caltex Australia Ltd.	7,714		47,919
CFS Retail Property Trust (REIT)	92,244		104,641
Coca-Cola Amatil Ltd.	35,357		213,291
Cochlear Ltd.	3,000		104,703
Commonwealth Bank of Australia	95,581		2,315,246
Computershare Ltd.	28,073		171,629
Crown Ltd.	25,013		109,902
CSL Ltd.	363,335		8,221,101
CSR Ltd.	74,153		62,098
Dexus Property Group (REIT)	185,069		96,833
Fairfax Media Ltd.	140,202		98,222
Fortescue Metals Group Ltd.*	70,697		126,094
Foster’s Group Ltd.	111,778		393,680
Goodman Fielder Ltd.	75,714		55,138
Goodman Group (REIT)	310,692		70,685
GPT Group (REIT)	284,279		86,422
Harvey Norman Holdings Ltd.	30,352		54,366
Incitec Pivot Ltd.	100,176		148,238
Insurance Australia Group Ltd.	126,909		309,188
Leighton Holdings Ltd.	8,255		111,132
Lend Lease Corp., Ltd.	158,838		722,183
Lion Nathan Ltd.	18,832		105,977
Macquarie Airports	39,284		49,725
Macquarie Group Ltd.	18,011		340,455
Macquarie Infrastructure Group	877,418		899,858
Macquarie Office Trust (REIT)	480,697		57,515
Metcash Ltd.	42,414		119,326
Mirvac Group (REIT)	92,109		54,688
National Australia Bank Ltd.	238,850		3,348,327
Newcrest Mining Ltd.	27,467		622,918
Nufarm Ltd.	8,032		63,600
OneSteel Ltd.	47,922		75,330
Orica Ltd.	21,350		219,955
Origin Energy Ltd.	52,831		546,480
OZ Minerals Ltd.†	161,796		62,440
Perpetual Ltd.	4,446		83,527
Qantas Airways Ltd.	675,157		821,334
QBE Insurance Group Ltd.	56,378		758,060
Rio Tinto Ltd.	19,648		770,927
Santos Ltd.	33,326		388,098
Sims Metal Management Ltd.	9,904		117,430
Sonic Healthcare Ltd.	20,629		159,293
SP AusNet	126,326		80,098
Stockland Corp., Ltd. (REIT)	104,298		225,630
Suncorp-Metway Ltd.	69,332		290,314
TABCORP Holdings Ltd.	37,476		169,621
Tatts Group Ltd.	60,790		117,128
Telstra Corp., Ltd.	251,385		561,239
Toll Holdings Ltd.	37,532		163,092
Transurban Group	61,815		201,282
Wesfarmers Ltd.	57,857		756,361
Wesfarmers Ltd. (PPS)	9,268		122,176
Westfield Group (REIT)	117,015		816,479
Westpac Banking Corp.	166,100		2,211,026
Woodside Petroleum Ltd.	27,942		735,594
Woolworths Ltd.	73,893		1,289,937
WorleyParsons Ltd.	9,726		122,338
			42,390,598
Austria (0.2%)
Erste Group Bank AG	11,305		193,352
OMV AG	9,429		313,469
Raiffeisen International Bank Holding AG	3,470		97,951
Strabag SE	2,931		57,647
Telekom Austria AG	19,714		297,920
Verbund - Oesterreichische Elektrizitaetswirtschafts AG, Class A	4,403		167,378
Vienna Insurance Group	2,194		63,102
Voestalpine AG^	56,677		742,662
Wienerberger AG	9,869		77,853
			2,011,334
Belgium (1.3%)
Anheuser-Busch InBev N.V.	262,721		7,254,614
Belgacom S.A.	9,372		293,544
Colruyt S.A.	1,132		259,775
Compagnie Nationale A Portefeuille	2,121		98,500
Delhaize Group^	27,874		1,807,804
Dexia S.A.	33,888		117,233
Fortis	143,183		263,383
Groupe Bruxelles Lambert S.A.	4,580		310,882
KBC Groep N.V.	8,616		139,161
Mobistar S.A.	1,677		106,018
Solvay S.A., Class A	3,800		266,056
UCB S.A.	6,009		177,238
Umicore	7,077		130,447
			11,224,655
Bermuda (0.0%)
Chinese Estates Holdings Ltd.	47,000		56,934
Frontline Ltd.	3,000		53,821
Seadrill Ltd.	16,211		159,276
			270,031
Brazil (2.2%)
Cia Vale do Rio Doce (ADR)	210,246		2,796,272
Gafisa S.A.	431,144		2,172,679
Itau Unibanco Banco Multiplo S.A. (ADR)	551,816		6,003,758
Petroleo Brasileiro S.A. (Mexico Exchange) (ADR)	225,079		6,858,157
Petroleo Brasileiro S.A. (New York Exchange) (ADR)	16,680		508,240
			18,339,106
Canada (3.1%)
BCE, Inc.	64,500		1,285,089
Bombardier, Inc., Class B	261,800		610,479
Brookfield Properties Corp.	187,900		1,086,446
Fairfax Financial Holdings Ltd.	5,800		1,499,683
Magna International, Inc., Class A	33,800		899,153
National Bank of Canada	36,700		1,171,908
Nexen, Inc.	67,643		1,147,055
Petro-Canada	75,400		2,025,538
Potash Corp. of Saskatchewan, Inc.	66,289		5,356,814

76

AXA PREMIER VIP TRUST

MULTIMANAGER INTERNATIONAL EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Number of Shares	Value (Note 1)
Rogers Communications, Inc., Class B	324,687	$	7,481,089
Talisman Energy, Inc.	92,100		975,202
TELUS Corp. (Non-Voting), Class A	52,300		1,369,308
Westjet Airlines Ltd. (Variable-Voting), Class A*	124,300		1,145,595
			26,053,359
China (0.3%)
Foxconn International Holdings Ltd.*	250,000		106,116
Industrial & Commercial Bank of China Ltd., Class H	4,953,000		2,576,427
			2,682,543
Denmark (1.4%)
A. P. Moller - Maersk A/S, Class A	33		143,198
A. P. Moller - Maersk A/S, Class B	63		276,729
Carlsberg A/S, Class B	4,090		168,987
Coloplast A/S, Class B	1,495		91,907
Danisco A/S	3,125		93,661
Danske Bank A/S*	23,502		198,153
DSV A/S	12,208		89,929
FLSmidth & Co. A/S	3,019		77,143
Jyske Bank A/S (Registered)*	2,777		63,461
Novo Nordisk A/S, Class B	27,012		1,295,619
Novozymes A/S, Class B	2,979		215,354
Topdanmark A/S*	1,025		101,215
TrygVesta A/S	1,743		88,472
Vestas Wind Systems A/S*^	192,353		8,494,644
William Demant Holding A/S*	1,364		55,094
			11,453,566
Finland (1.0%)
Elisa Oyj	7,882		114,740
Fortum Oyj	26,692		508,074
Kesko Oyj, Class B	4,198		87,027
Kone Oyj, Class B	9,824		203,556
Metso Oyj	8,203		96,767
Neste Oil Oyj*	8,217		109,206
Nokia Oyj	471,635		5,521,539
Nokian Renkaat Oyj	6,806		80,078
Orion Oyj, Class B	5,723		82,802
Outokumpu Oyj	7,619		82,404
Pohjola Bank plc	6,428		37,855
Rautaruukki Oyj	5,471		87,452
Sampo Oyj, Class A	25,034		370,254
Sanoma Oyj	4,655		59,397
Stora Enso Oyj, Class R*	322,003		1,140,117
UPM-Kymmene Oyj	33,326		192,237
Wartsila Oyj	4,571		96,465
			8,869,970
France (8.7%)
Accor S.A.^	137,863		4,791,293
Aeroports de Paris S.A.	1,903		100,953
Air France-KLM	7,720		68,794
Air Liquide S.A.	14,954		1,214,885
Alcatel-Lucent*	138,087		259,630
Alstom S.A.^	83,888		4,343,007
Atos Origin S.A.	3,811		97,706
BioMerieux	789		61,521
BNP Paribas S.A.	166,821		6,875,791
Bouygues S.A.	14,597		520,770
Bureau Veritas S.A.	2,426		91,725
Cap Gemini S.A.	7,916		254,998
Carrefour S.A.	38,233		1,490,014
Casino Guichard Perrachon S.A.	2,049		133,077
Christian Dior S.A.	2,664		146,433
Cie de Saint-Gobain S.A.	29,006		811,742
Cie Generale de Geophysique - Veritas*	9,508		110,126
Cie Generale d’Optique Essilor International S.A.	11,929		461,273
CNP Assurances S.A.	2,125		134,516
Compagnie Generale des Etablissements Michelin, Class B	8,215		304,160
Credit Agricole S.A.	231,464		2,547,318
Dassault Systemes S.A.	3,940		153,203
EDF S.A.	12,408		487,294
Eiffage S.A.	2,348		109,090
Eramet S.A.	299		65,576
Eurazeo S.A.	2,926		78,317
Eutelsat Communications S.A.	4,684		99,580
France Telecom S.A.	207,974		4,729,530
GDF Suez S.A.	73,776		2,536,583
Gecina S.A. (REIT)	1,835		70,440
Groupe Danone S.A.	26,341		1,285,784
Hermes International S.A.	3,032		352,247
ICADE (REIT)	1,261		89,339
Iliad S.A.	1,041		97,140
Imerys S.A.	1,624		59,348
Ipsen S.A.	1,441		55,398
J.C. Decaux S.A.	7,868		89,135
Klepierre S.A. (REIT)	5,327		93,784
Lafarge S.A.^	14,548		653,129
Lagardere S.C.A.	65,364		1,831,786
Legrand S.A.	5,896		102,577
L’Oreal S.A.	14,358		990,085
LVMH Moet Hennessy Louis Vuitton S.A.	19,549		1,225,485
M6-Metropole Television	3,684		60,070
Natixis S.A.	65,236		111,031
Neopost S.A.	1,799		139,404
PagesJaunes Groupe S.A.	7,217		61,089
Pernod-Ricard S.A.	15,609		872,433
Peugeot S.A.	7,355		138,730
PPR S.A.	9,522		609,265
Publicis Groupe S.A.	8,101		207,415
Renault S.A.	87,336		1,803,836
Safran S.A.	12,028		111,810
Sanofi-Aventis S.A.	123,728		6,943,334
Schneider Electric S.A.	13,268		880,912
SCOR SE	11,212		230,956
Societe BIC S.A.	1,711		83,997
Societe Des Autoroutes Paris-Rhin-Rhone	1,449		92,368
Societe Generale S.A.	84,799		3,329,878
Societe Television Francaise 1 S.A.	6,707		52,495
Sodexo S.A.	5,387		245,281
Suez Environnement S.A.*	17,262		253,934
Technip S.A.	5,993		211,211
Thales S.A.	5,720		216,834
Total S.A.	239,084		11,857,577
Unibail-Rodamco S.A. (REIT)	4,684		666,448
Valeo S.A.	4,246		61,948
Vallourec S.A.	15,330		1,421,182
Veolia Environnement	22,484		468,538
Vinci S.A.	25,117		930,317
Vivendi S.A.	70,353		1,858,912
Wendel S.A.	3,254		85,801
Zodiac Aerospace S.A.	2,386		60,499
			74,142,087
Germany (7.6%)
Adidas AG	11,483		383,003
Allianz SE (Registered)	60,428		5,090,650
BASF SE	117,840		3,577,223
Bayer AG	102,056		4,889,132

77

AXA PREMIER VIP TRUST

MULTIMANAGER INTERNATIONAL EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Number of Shares	Value (Note 1)
Bayerische Motoren Werke (BMW) AG (Preference)	2,983	$	51,510
Bayerische Motoren Werke (BMW) AG^	97,027		2,815,422
Beiersdorf AG	5,653		254,205
Celesio AG	25,851		476,432
Commerzbank AG	43,581		233,526
Daimler AG	52,321		1,329,971
Deutsche Bank AG (Registered)^	89,797		3,652,512
Deutsche Boerse AG	11,143		673,209
Deutsche Lufthansa AG (Registered)	148,784		1,618,106
Deutsche Post AG (Registered)	48,350		520,584
Deutsche Postbank AG	5,001		79,606
Deutsche Telekom AG (Registered)	275,979		3,433,271
E.ON AG	229,170		6,379,018
Fraport AG	2,096		67,434
Fresenius Medical Care AG & Co. KGaA	28,705		1,116,138
Fresenius SE	1,611		61,181
Fresenius SE (Preference)	5,469		251,327
GEA Group AG	9,425		100,483
Hamburger Hafen und Logistik AG	2,877		71,218
Hannover Rueckversicherung AG (Registered)	3,389		108,085
HeidelbergCement AG	2,938		96,413
Henkel AG & Co. KGaA	6,445		163,003
Henkel AG & Co. KGaA (Preference)	10,181		276,783
Hochtief AG	2,692		102,170
K+S AG	8,568		398,448
Linde AG^	102,373		6,956,421
MAN AG	23,242		1,013,877
Merck KGaA*	3,661		323,118
Metro AG	6,162		203,672
Muenchener Rueckversicherungs-Gesellschaft AG (Registered)	32,530		3,973,290
Porsche Automobil Holding SE (Preference)	5,000		235,438
Puma AG Rudolf Dassler Sport	366		55,651
Q-Cells SE*	3,521		68,942
RWE AG	59,303		4,169,324
RWE AG (Non-Voting Preference)	2,278		141,989
Salzgitter AG	2,273		127,412
SAP AG	61,137		2,171,127
Siemens AG (Registered)	67,053		3,839,926
Solarworld AG	5,370		110,220
Suedzucker AG	4,248		81,947
Symrise AG	15,392		182,480
ThyssenKrupp AG	21,238		372,024
TUI AG	12,203		65,262
United Internet AG	7,184		59,982
Volkswagen AG	5,326		1,639,773
Volkswagen AG (Preference)	6,014		346,764
Wacker Chemie AG	894		74,414
			64,483,116
Greece (0.2%)
Alpha Bank AE	21,095		141,075
Coca Cola Hellenic Bottling Co. S.A.	9,507		135,614
EFG Eurobank Ergasias S.A.	20,292		118,008
Hellenic Petroleum S.A.	6,982		66,945
Hellenic Telecommunications Organization S.A.	18,444		276,857
Marfin Investment Group S.A.*	32,715		119,193
National Bank of Greece S.A.	29,329		446,178
OPAP S.A.	12,656		334,445
Piraeus Bank S.A.	20,067		134,395
Public Power Corp. S.A.	6,689		121,588
Titan Cement Co. S.A.	3,301		70,715
			1,965,013
Hong Kong (2.3%)
ASM Pacific Technology Ltd.	23,300		81,459
Bank of East Asia Ltd.	89,400		172,630
BOC Hong Kong Holdings Ltd.	237,000		242,581
Cathay Pacific Airways Ltd.	67,000		67,386
Cheung Kong Holdings Ltd.	422,000		3,635,727
Cheung Kong Infrastructure Holdings Ltd.	29,000		116,006
China Life Insurance Co., Ltd., Class H	96,000		315,841
China Mobile Ltd.	30,000		261,159
CLP Holdings Ltd.	117,000		803,929
CNOOC Ltd.	2,904,100		2,879,330
Esprit Holdings Ltd.	766,858		3,958,729
Genting International plc*	165,000		56,990
Hang Lung Group Ltd.	52,000		157,873
Hang Lung Properties Ltd.	259,000		608,390
Hang Seng Bank Ltd.	43,700		444,238
Henderson Land Development Co., Ltd.	69,000		262,709
Hong Kong & China Gas Co., Ltd.	229,000		361,110
Hong Kong Aircraft Engineerg Co., Ltd.	8,000		68,833
Hong Kong Exchanges and Clearing Ltd.	58,800		555,587
HongKong Electric Holdings Ltd.	79,500		471,860
Hopewell Highway Infrastructure Ltd.	7,350		4,144
Hopewell Holdings Ltd.	40,500		106,377
Hutchison Telecommunications International Ltd.	198,000		61,809
Hutchison Whampoa Ltd.	122,000		598,352
Hysan Development Co., Ltd.	33,000		55,789
Kerry Properties Ltd.	41,000		98,647
Kingboard Chemical Holdings Ltd.	31,500		65,453
Li & Fung Ltd.	134,000		314,753
Lifestyle International Holdings Ltd.	80,500		64,416
Link REIT (REIT)	123,500		243,879
Mongolia Energy Co., Ltd.*	214,000		61,684
MTR Corp.	90,500		217,692
New World Development Ltd.	141,000		140,683
Noble Group Ltd.	94,000		73,650
NWS Holdings Ltd.	47,000		64,086
Orient Overseas International Ltd.	25,500		63,524
Pacific Basin Shipping Ltd.	195,000		88,753
Shangri-La Asia Ltd.	84,000		96,175
Sino Land Co.	108,000		108,043
Sun Hung Kai Properties Ltd.	81,000		725,577
Swire Pacific Ltd., Class A	46,000		306,940
Television Broadcasts Ltd.	16,000		51,101
Wharf Holdings Ltd.	82,000		206,761
Wheelock & Co., Ltd.	59,000		99,283
Wing Hang Bank Ltd.	10,000		48,391
Yue Yuen Industrial Holdings Ltd.	42,500		97,528
			19,585,857
India (0.4%)
ICICI Bank Ltd. (ADR)	231,472		3,076,263
Ireland (0.2%)
CRH plc	39,135		849,081
Elan Corp. plc*	29,254		201,470
Experian plc	59,387		372,035
Kerry Group plc, Class A	8,769		178,988

78

AXA PREMIER VIP TRUST

MULTIMANAGER INTERNATIONAL EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Number of Shares	Value (Note 1)
Ryanair Holdings plc (ADR)*	3,506	$	81,024
			1,682,598
Israel (1.1%)
Teva Pharmaceutical Industries Ltd. (ADR)	212,961		9,593,893
Italy (2.5%)
A2A S.p.A.	80,318		121,892
ACEA S.p.A.	5,476		65,488
Alleanza Assicurazioni S.p.A.	23,547		132,719
Assicurazioni Generali S.p.A.	63,890		1,097,001
Atlantia S.p.A.	16,509		249,668
Autogrill S.p.A.	11,962		68,933
Banca Carige S.p.A.	41,203		135,141
Banca Monte dei Paschi di Siena S.p.A.	156,358		216,751
Banca Popolare di Milano S.c.a.r.l.	25,270		125,821
Banco Popolare S.c.a.r.l.	34,537		158,843
Bulgari S.p.A.	17,650		77,641
Enel S.p.A.	261,181		1,252,695
ENI S.p.A.	323,128		6,221,329
Exor S.p.A.*	4,121		41,557
Fiat S.p.A.	40,569		283,757
Finmeccanica S.p.A.	21,606		268,815
Fondiaria-Sai S.p.A.	8,164		95,590
Intesa Sanpaolo S.p.A.	1,114,832		3,065,882
Intesa Sanpaolo S.p.A. (RNC)	56,777		107,175
Italcementi S.p.A.	8,329		84,273
Italcementi S.p.A. (RNC)	12,393		65,471
Lottomatica S.p.A.	3,478		57,263
Luxottica Group S.p.A.	7,406		114,968
Mediaset S.p.A.	49,210		219,840
Mediobanca S.p.A.	31,536		268,042
Mediolanum S.p.A.	25,745		89,050
Parmalat S.p.A.	82,989		171,101
Pirelli & C S.p.A.	307,590		71,869
Prysmian S.p.A.	6,190		61,634
Saipem S.p.A.	15,129		269,918
Saras S.p.A.	19,020		49,802
Snam Rete Gas S.p.A.	53,344		286,338
Telecom Italia S.p.A.	1,805,263		2,317,221
Telecom Italia S.p.A. (RNC)	1,304,591		1,330,237
Terna Rete Elettrica Nazionale S.p.A.	76,946		239,700
UniCredit S.p.A.	735,025		1,217,062
Unione di Banche Italiane S.c.p.A.	34,990		385,353
Unipol Gruppo Finanziario S.p.A.	78,285		69,491
Unipol Gruppo Finanziario S.p.A. (Preference)	107,156		63,595
			21,218,926
Japan (18.6%)
77 Bank Ltd.	22,000		109,688
ABC-Mart, Inc.	3,000		57,605
Acom Co., Ltd.	3,070		87,054
Advantest Corp.	8,700		131,816
Aeon Co., Ltd.^	272,700		1,783,425
Aeon Credit Service Co., Ltd.	9,200		83,571
Aeon Mall Co., Ltd.	3,600		46,047
Aioi Insurance Co., Ltd.	29,000		112,140
Aisin Seiki Co., Ltd.	11,400		182,364
Ajinomoto Co., Inc.	38,000		268,078
Alfresa Holdings Corp.	1,700		61,756
All Nippon Airways Co., Ltd.	37,000		144,947
Alps Electric Co., Ltd.	20,200		70,088
Amada Co., Ltd.	20,000		105,405
Aozora Bank Ltd.*	78,000		85,461
Asahi Breweries Ltd.	22,100		265,666
Asahi Glass Co., Ltd.	58,000		310,154
Asahi Kasei Corp.	68,000		245,636
Asics Corp.	9,000		62,899
Astellas Pharma, Inc.	46,900		1,444,447
Bank of Kyoto Ltd.	20,000		170,471
Bank of Yokohama Ltd.	69,000		296,442
Benesse Corp.	4,800		176,605
Bridgestone Corp.	34,800		502,548
Brother Industries Ltd.	15,100		111,104
Canon Marketing Japan, Inc.	3,900		55,199
Canon, Inc.	147,600		4,305,446
Casio Computer Co., Ltd.	15,200		108,102
Central Japan Railway Co.	90		506,060
Chiba Bank Ltd.	49,000		244,417
Chubu Electric Power Co., Inc.	39,500		869,113
Chugai Pharmaceutical Co., Ltd.	14,300		242,991
Chugoku Bank Ltd.	9,000		115,529
Chugoku Electric Power Co., Inc.	15,500		336,481
Chuo Mitsui Trust Holdings, Inc.	56,000		174,285
Citizen Holdings Co., Ltd.	20,700		84,153
Coca-Cola West Holdings Co., Ltd.	3,200		51,100
Cosmo Oil Co., Ltd.	35,000		105,143
Credit Saison Co., Ltd.	10,500		103,467
Dai Nippon Printing Co., Ltd.	33,000		305,527
Daicel Chemical Industries Ltd.	16,000		57,714
Daido Steel Co., Ltd.	17,000		42,695
Daihatsu Motor Co., Ltd.	12,000		95,018
Daiichi Sankyo Co., Ltd.	38,500		650,691
Daikin Industries Ltd.^	121,164		3,358,742
Dainippon Sumitomo Pharma Co., Ltd.	10,300		85,676
Daito Trust Construction Co., Ltd.	4,600		154,198
Daiwa House Industry Co., Ltd.	33,000		268,810
Daiwa Securities Group, Inc.^	736,000		3,257,699
DeNA Co., Ltd.	17		55,435
Denki Kagaku Kogyo KK	27,000		49,068
Denso Corp.	27,800		561,658
Dentsu, Inc.	11,100		170,631
DIC Corp.	34,000		50,092
Dowa Holdings Co., Ltd.	16,000		60,596
East Japan Railway Co.	28,200		1,467,191
Eisai Co., Ltd.	14,400		424,389
Electric Power Development Co., Ltd.	9,000		267,338
Elpida Memory, Inc.*	12,900		90,371
FamilyMart Co., Ltd.	3,800		115,908
Fanuc Ltd.	11,400		781,303
Fast Retailing Co., Ltd.	3,100		354,667
Fuji Electric Holdings Co., Ltd.	66,000		77,925
Fuji Heavy Industries Ltd.	33,000		109,811
Fuji Media Holdings, Inc.	55		61,786
Fujifilm Holdings Corp.	27,900		610,605
Fujitsu Ltd.	591,000		2,223,278
Fukuoka Financial Group, Inc.	54,000		166,126
Furukawa Electric Co., Ltd.	190,000		537,987
Gunma Bank Ltd.	22,000		119,639
Hachijuni Bank Ltd.	31,000		181,261
Hakuhodo DY Holdings, Inc.	1,330		57,242
Hankyu Hanshin Holdings, Inc.	67,000		303,107
Haseko Corp.*	152,000		71,377
Hikari Tsushin, Inc.	3,100		58,729
Hino Motors Ltd.	31,000		68,499
Hirose Electric Co., Ltd.	2,000		193,731
Hiroshima Bank Ltd.	27,000		102,803
Hisamitsu Pharmaceutical Co., Inc.	3,700		114,281
Hitachi Chemical Co., Ltd.	6,000		71,809
Hitachi Construction Machinery Co., Ltd.	6,900		90,978
Hitachi High-Technologies Corp.	41,900		593,567

79

AXA PREMIER VIP TRUST

MULTIMANAGER INTERNATIONAL EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Number of Shares	Value (Note 1)
Hitachi Ltd.	731,000	$	2,007,594
Hitachi Metals Ltd.	9,000		64,214
Hokkaido Electric Power Co., Inc.	13,100		262,908
Hokuhoku Financial Group, Inc.	67,000		123,015
Hokuriku Electric Power Co.	12,100		290,549
Honda Motor Co., Ltd.	241,100		5,768,715
HOYA Corp.	24,800		490,913
Ibiden Co., Ltd.	8,100		198,326
Idemitsu Kosan Co., Ltd.	1,400		104,109
IHI Corp.*	75,000		86,150
INPEX Corp.	47		323,575
Isetan Mitsukoshi Holdings Ltd.	19,600		152,017
Isuzu Motors Ltd.^	839,000		1,033,534
Ito En Ltd.	7,500		91,574
ITOCHU Corp.	87,000		429,030
ITOCHU Techno-Solutions Corp.	3,500		72,490
Iyo Bank Ltd.	16,000		162,433
J. Front Retailing Co., Ltd.	33,000		114,144
Jafco Co., Ltd.	3,900		70,466
Japan Airlines Corp.*	48,000		97,302
Japan Petroleum Exploration Co.	1,600		64,030
Japan Prime Realty Investment Corp. (REIT)	32		59,882
Japan Real Estate Investment Corp. (REIT)	21		162,161
Japan Retail Fund Investment Corp. (REIT)	20		76,939
Japan Steel Works Ltd.	19,000		178,953
Japan Tobacco, Inc.	523		1,396,737
JFE Holdings, Inc.^	83,700		1,849,419
JGC Corp.	13,000		147,727
Joyo Bank Ltd.	45,000		209,128
JS Group Corp.	15,200		170,176
JSR Corp.	10,100		119,086
JTEKT Corp.	12,400		87,706
Jupiter Telecommunications Co., Ltd.	156		103,805
Kajima Corp.	46,000		114,060
Kamigumi Co., Ltd.	17,000		112,884
Kaneka Corp.	19,000		93,425
Kansai Electric Power Co., Inc.	46,200		1,004,025
Kansai Paint Co., Ltd.	14,000		78,584
Kao Corp.	29,000		568,615
Kawasaki Heavy Industries Ltd.	86,000		173,564
Kawasaki Kisen Kaisha Ltd.	33,000		104,010
KDDI Corp.	383		1,807,298
Keihin Electric Express Railway Co., Ltd.	22,000		158,586
Keio Corp.	37,000		211,012
Keisei Electric Railway Co., Ltd.	18,000		90,823
Keyence Corp.	2,500		470,122
Kikkoman Corp.	10,000		84,147
Kinden Corp.	8,000		65,004
Kintetsu Corp.	94,000		390,467
Kirin Holdings Co., Ltd.	45,000		480,098
Kobe Steel Ltd.	170,000		220,194
Komatsu Ltd.	91,100		1,010,521
Konami Corp.	6,400		96,161
Konica Minolta Holdings, Inc.	27,500		238,463
Kubota Corp.	61,000		335,128
Kuraray Co., Ltd.	20,500		176,102
Kurita Water Industries Ltd.	6,300		121,213
Kyocera Corp.	26,900		1,799,285
Kyowa Hakko Kirin Co., Ltd.	15,000		127,353
Kyushu Electric Power Co., Inc.	21,700		485,736
Lawson, Inc.	4,000		164,958
Leopalace21 Corp.	7,300		43,219
Mabuchi Motor Co., Ltd.	1,900		77,224
Makita Corp.	7,300		165,819
Marubeni Corp.^	1,410,000		4,376,891
Marui Group Co., Ltd.	16,300		87,934
Maruichi Steel Tube Ltd.	2,100		45,344
Matsui Securities Co., Ltd.	14,200		93,410
Mazda Motor Corp.	59,000		99,581
Mediceo Paltac Holdings Co., Ltd.	9,400		100,316
Meiji Dairies Corp.†	15,000		62,131
Minebea Co., Ltd.	23,000		84,811
Mitsubishi Chemical Holdings Corp.^	375,000		1,292,508
Mitsubishi Corp.	256,700		3,415,490
Mitsubishi Electric Corp.	114,000		518,882
Mitsubishi Estate Co., Ltd.	70,000		799,051
Mitsubishi Gas Chemical Co., Inc.	25,000		107,961
Mitsubishi Heavy Industries Ltd.	183,000		553,916
Mitsubishi Logistics Corp.	7,000		68,800
Mitsubishi Materials Corp.	66,000		177,965
Mitsubishi Motors Corp.*	206,000		263,629
Mitsubishi Rayon Co., Ltd.	31,000		60,126
Mitsubishi Tanabe Pharma Corp.	14,000		137,969
Mitsubishi UFJ Financial Group, Inc.	737,500		3,623,091
Mitsubishi UFJ Lease & Finance Co., Ltd.	3,330		69,883
Mitsui & Co., Ltd.	250,000		2,545,142
Mitsui Chemicals, Inc.	41,000		100,666
Mitsui Engineering & Shipbuilding Co., Ltd.	40,000		67,655
Mitsui Fudosan Co., Ltd.	70,000		767,819
Mitsui Mining & Smelting Co., Ltd.*	33,000		55,114
Mitsui O.S.K. Lines Ltd.	66,000		327,469
Mitsui Sumitomo Insurance Group Holdings, Inc.	21,700		509,294
Mitsumi Electric Co., Ltd.	4,700		68,726
Mizuho Financial Group, Inc.^	1,923,300		3,743,980
Mizuho Trust & Banking Co., Ltd.*	97,000		90,670
Murata Manufacturing Co., Ltd.	22,800		881,495
Namco Bandai Holdings, Inc.	11,100		110,826
NEC Corp.*	106,000		285,115
NEC Electronics Corp.*	4,300		26,093
NGK Insulators Ltd.	16,000		249,514
NGK Spark Plug Co., Ltd.	11,000		93,875
NHK Spring Co., Ltd.	19,000		68,831
Nidec Corp.	15,500		703,051
Nikon Corp.	22,000		251,540
Nintendo Co., Ltd.	34,000		9,973,387
Nippon Building Fund, Inc. (REIT)	29		250,888
Nippon Electric Glass Co., Ltd.	25,000		177,550
Nippon Express Co., Ltd.	47,000		148,243
Nippon Meat Packers, Inc.	10,000		105,098
Nippon Mining Holdings, Inc.	45,000		181,567
Nippon Oil Corp.	76,000		379,875
Nippon Paper Group, Inc.	5,100		123,497
Nippon Sheet Glass Co., Ltd.	39,000		97,549
Nippon Steel Corp.	304,000		822,513
Nippon Telegraph & Telephone Corp.	87,400		3,319,566
Nippon Yusen KK	63,000		244,898
Nipponkoa Insurance Co., Ltd.	44,000		253,688
Nishi-Nippon City Bank Ltd.	46,000		100,179
Nissan Chemical Industries Ltd.	8,000		67,819
Nissan Motor Co., Ltd.	638,000		2,304,929
Nissay Dowa General Insurance Co., Ltd.	21,000		80,176
Nisshin Seifun Group, Inc.	11,500		123,854
Nisshin Steel Co., Ltd.	48,000		81,530
Nisshinbo Industries, Inc.	7,000		66,886

80

AXA PREMIER VIP TRUST

MULTIMANAGER INTERNATIONAL EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Number of Shares	Value (Note 1)
Nissin Food Products Co., Ltd.	4,900	$	143,903
Nitori Co., Ltd.	2,250		125,682
Nitto Denko Corp.	8,600		176,587
NOK Corp.	6,400		55,094
Nomura Holdings, Inc.	164,800		829,976
Nomura Real Estate Holdings, Inc.	3,000		45,858
Nomura Real Estate Office Fund, Inc. (REIT)	18		100,777
Nomura Research Institute Ltd.	7,200		112,753
NSK Ltd.	24,000		92,084
NTN Corp.	24,000		67,681
NTT Data Corp.	63		172,729
NTT DoCoMo, Inc.	947		1,292,095
NTT Urban Development Corp.	66		53,027
Obayashi Corp.	35,000		170,365
Obic Co., Ltd.	400		50,133
Odakyu Electric Railway Co., Ltd.	33,000		256,611
OJI Paper Co., Ltd.	43,000		175,640
Olympus Corp.	12,000		196,254
Omron Corp.	14,300		169,707
Ono Pharmaceutical Co., Ltd.	5,500		241,002
Onward Holdings Co., Ltd.	7,000		45,783
Oracle Corp. Japan	2,200		83,310
Oriental Land Co., Ltd.	3,400		216,282
ORIX Corp.	5,620		185,257
Osaka Gas Co., Ltd.	110,000		343,113
OSAKA Titanium Technologies Co.	2,200		57,878
Otsuka Corp.	1,900		70,514
Panasonic Corp.	111,000		1,219,805
Panasonic Electric Works Co., Ltd.	22,000		161,695
Promise Co., Ltd.	3,450		54,551
Rakuten, Inc.	395		188,872
Resona Holdings, Inc.	29,300		393,608
Ricoh Co., Ltd.	39,000		469,361
Rohm Co., Ltd.	5,800		290,587
Sankyo Co., Ltd.	3,100		134,181
Santen Pharmaceutical Co., Ltd.	4,100		114,323
Sanyo Electric Co., Ltd.*	119,000		177,563
Sapporo Hokuyo Holdings, Inc.*	35,200		99,472
Sapporo Holdings Ltd.	15,000		57,582
SBI Holdings, Inc.	1,074		112,886
Secom Co., Ltd.	12,500		462,712
Sega Sammy Holdings, Inc.	11,800		104,059
Seiko Epson Corp.	8,200		112,671
Sekisui Chemical Co., Ltd.	24,000		120,254
Sekisui House Ltd.	28,000		214,256
Seven & I Holdings Co., Ltd.	49,300		1,088,480
Seven Bank Ltd.	24		64,007
Sharp Corp.^	302,000		2,413,888
Shikoku Electric Power Co., Inc.	9,800		261,784
Shimadzu Corp.	16,000		103,327
Shimamura Co., Ltd.	1,300		69,278
Shimano, Inc.	3,900		118,795
Shimizu Corp.	36,000		150,191
Shin-Etsu Chemical Co., Ltd.	35,100		1,722,760
Shinko Electric Industries Co., Ltd.	7,900		76,309
Shinko Securities Co., Ltd.	30,000		59,008
Shinsei Bank Ltd.*	99,000		101,247
Shionogi & Co., Ltd.	19,000		326,657
Shiseido Co., Ltd.	19,000		278,349
Shizuoka Bank Ltd.	33,000		299,694
Showa Denko KK	76,000		94,694
Showa Shell Sekiyu KK	12,100		111,338
SMC Corp.^	6,900		662,079
Softbank Corp.	43,200		551,740
Sojitz Corp.	79,100		94,102
Sompo Japan Insurance, Inc.	48,000		251,346
Sony Corp.	150,300		3,081,794
Sony Financial Holdings, Inc.	60		160,666
Square Enix Holdings Co., Ltd.	3,600		68,428
Stanley Electric Co., Ltd.	9,700		109,023
Sumco Corp.	7,000		104,635
Sumitomo Chemical Co., Ltd.	89,000		305,748
Sumitomo Corp.	124,600		1,083,179
Sumitomo Electric Industries Ltd.	43,100		365,003
Sumitomo Heavy Industries Ltd.	37,000		124,938
Sumitomo Metal Industries Ltd.	227,000		461,521
Sumitomo Metal Mining Co., Ltd.	31,000		300,095
Sumitomo Mitsui Financial Group, Inc.^	108,500		3,827,406
Sumitomo Realty & Development Co., Ltd.^	138,000		1,540,761
Sumitomo Rubber Industries, Inc.	9,800		65,683
Sumitomo Trust & Banking Co., Ltd.	81,000		314,072
Suruga Bank Ltd.	12,000		98,825
Suzuken Co., Ltd.	3,700		96,521
Suzuki Motor Corp.	20,400		341,366
T&D Holdings, Inc.	14,750		353,320
Taiheiyo Cement Corp.	58,000		85,896
Taisei Corp.	51,000		97,467
Taisho Pharmaceutical Co., Ltd.	8,000		148,902
Taiyo Nippon Sanso Corp.	14,000		91,318
Takashimaya Co., Ltd.	19,000		109,572
Takeda Pharmaceutical Co., Ltd.	49,000		1,699,259
Takefuji Corp.	12,730		59,707
TDK Corp.	7,000		264,293
Teijin Ltd.	48,000		104,699
Terumo Corp.	9,800		364,205
THK Co., Ltd.	7,700		104,787
Tobu Railway Co., Ltd.	47,000		238,328
Toho Co., Ltd.	7,300		102,700
Toho Gas Co., Ltd.	27,000		123,588
Tohoku Electric Power Co., Inc.	24,400		535,914
Tokio Marine Holdings, Inc.	41,300		1,019,649
Tokuyama Corp.	14,000		90,061
Tokyo Broadcasting System, Inc.	4,400		57,765
Tokyo Electric Power Co., Inc.	103,900		2,593,626
Tokyo Electron Ltd.	10,000		376,693
Tokyo Gas Co., Ltd.	132,000		461,008
Tokyo Steel Manufacturing Co., Ltd.	6,200		62,434
Tokyo Tatemono Co., Ltd.	32,000		83,769
Tokyu Corp.	65,000		272,558
Tokyu Land Corp.	26,000		72,670
TonenGeneral Sekiyu KK	18,000		174,965
Toppan Printing Co., Ltd.	27,000		185,301
Toray Industries, Inc.	74,000		299,971
Toshiba Corp.	755,000		1,971,621
Tosoh Corp.	29,000		55,449
TOTO Ltd.	17,000		86,100
Toyo Seikan Kaisha Ltd.	11,400		168,313
Toyo Suisan Kaisha Ltd.	5,000		102,377
Toyoda Gosei Co., Ltd.	3,700		56,674
Toyota Boshoku Corp.	7,700		79,948
Toyota Industries Corp.	12,300		265,175
Toyota Motor Corp.	164,000		5,259,937
Toyota Tsusho Corp.	11,600		113,207
Trend Micro, Inc.	6,000		169,513
Tsumura & Co.	3,900		100,680
Ube Industries Ltd.	65,000		117,794
Unicharm Corp.	2,500		152,325
UNY Co., Ltd.	11,000		87,042
Ushio, Inc.	7,600		106,826
USS Co., Ltd.	1,400		61,585

81

AXA PREMIER VIP TRUST

MULTIMANAGER INTERNATIONAL EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Number of Shares	Value (Note 1)
West Japan Railway Co.	93	$	293,852
Yahoo! Japan Corp.	950		251,116
Yakult Honsha Co., Ltd.	6,200		110,251
Yamada Denki Co., Ltd.	5,560		216,299
Yamaguchi Financial Group, Inc.	11,000		103,554
Yamaha Corp.	10,700		105,291
Yamaha Motor Co., Ltd.	12,900		116,116
Yamato Holdings Co., Ltd.	21,000		197,825
Yamato Kogyo Co., Ltd.	2,300		49,842
Yamazaki Baking Co., Ltd.	7,000		74,893
Yaskawa Electric Corp.	14,000		61,374
Yokogawa Electric Corp.	13,000		52,642
			158,473,340
Luxembourg (0.4%)
ArcelorMittal S.A.^	142,480		2,883,691
Millicom International Cellular S.A. (SDR)	3,291		123,510
SES S.A. (FDR)	15,644		298,521
Tenaris S.A.	26,984		273,074
			3,578,796
Mexico (0.8%)
America Movil S.A.B. de C.V. (ADR)	6,939		187,908
Cemex S.A.B. de C.V. (ADR)*	1,045,332		6,533,325
Fomento Economico Mexicano S.A.B. de C.V. (ADR)	9,987		251,772
			6,973,005
Netherlands (4.3%)
Aegon N.V.	91,493		359,904
Akzo Nobel N.V.	14,400		545,647
ASML Holding N.V.^	170,228		3,013,269
Corio N.V. (REIT)	2,802		115,722
European Aeronautic Defence and Space Co. N.V.	18,623		216,668
Fugro N.V. (CVA)	3,238		102,821
Heineken Holding N.V.	6,300		153,422
Heineken N.V.	186,925		5,323,168
ING Groep N.V. (CVA)	446,078		2,491,569
James Hardie Industries N.V. (CDI)	24,740		72,549
Koninklijke (Royal) KPN N.V.	105,179		1,406,590
Koninklijke Ahold N.V.	238,728		2,613,574
Koninklijke Boskalis Westminster N.V.	3,187		63,953
Koninklijke DSM N.V.	8,721		229,179
Koninklijke Philips Electronics N.V.^	166,051		2,450,967
Qiagen N.V.*	12,012		192,490
Randstad Holding N.V.	6,520		110,669
Reed Elsevier N.V.	64,718		692,088
Royal Dutch Shell plc, Class A	452,767		10,182,579
Royal Dutch Shell plc, Class B	160,233		3,512,197
SBM Offshore N.V.	7,906		105,134
SNS Reaal	15,368		54,039
TNT N.V.	21,453		366,997
Unilever N.V. (CVA)	97,959		1,936,584
Wolters Kluwer N.V.	37,861		614,674
			36,926,453
New Zealand (0.2%)
Auckland International Airport Ltd.	55,998		54,698
Contact Energy Ltd.	16,475		53,930
Fletcher Building Ltd.	32,434		111,289
Sky City Entertainment Group Ltd.	59,121		94,612
Telecom Corp. of New Zealand Ltd.	897,405		1,196,839
			1,511,368
Norway (0.5%)
Aker Solutions ASA	9,394		60,765
DnB NOR ASA	41,800		189,208
Norsk Hydro ASA	40,797		155,169
Orkla ASA	46,732		323,142
Renewable Energy Corp. A/S*	8,474		73,338
StatoilHydro ASA	181,150		3,166,314
Telenor ASA	48,000		275,297
Yara International ASA	10,900		240,067
			4,483,300
Portugal (0.2%)
Banco Comercial Portugues S.A. (Registered)*	127,182		104,287
Banco Espirito Santo S.A. (Registered)	26,450		103,009
Brisa S.A.	35,266		243,191
Cimpor Cimentos de Portugal SGPS S.A.	15,360		76,379
Energias de Portugal S.A.	105,152		365,248
Galp Energia SGPS S.A., Class B	22,664		270,553
Jeronimo Martins SGPS S.A.	12,586		62,031
Portugal Telecom SGPS S.A. (Registered)	35,011		271,351
Zon Multimedia Servicos de Telecomunicacoes e Multimedia SGPS S.A.	9,862		52,560
			1,548,609
Singapore (1.0%)
Ascendas Real Estate Investment Trust (REIT)	77,000		61,854
CapitaLand Ltd.	1,688,500		2,595,422
CapitaMall Trust (REIT)	138,000		119,992
City Developments Ltd.	32,000		107,423
ComfortDelgro Corp., Ltd.	120,000		107,377
Cosco Corp. (Singapore) Ltd.	106,000		57,216
DBS Group Holdings Ltd.	98,000		549,512
Fraser and Neave Ltd.	62,000		103,233
Golden Agri-Resources Ltd.	296,400		54,232
Jardine Cycle & Carriage Ltd.	8,000		62,080
Keppel Corp., Ltd.	82,000		273,144
Neptune Orient Lines Ltd.	438,000		340,160
Olam International Ltd.	69,000		66,336
Oversea-Chinese Banking Corp., Ltd.	148,000		471,414
Parkway Holdings Ltd.	107,000		81,692
SembCorp Industries Ltd.	63,000		98,475
SembCorp Marine Ltd.	47,000		56,005
Singapore Airlines Ltd.	203,000		1,335,712
Singapore Exchange Ltd.	49,000		164,488
Singapore Press Holdings Ltd.	86,000		143,931
Singapore Technologies Engineering Ltd.	75,000		121,405
Singapore Telecommunications Ltd.	455,000		757,387
United Overseas Bank Ltd.	70,000		447,792
UOL Group Ltd.	61,000		75,772
Wilmar International Ltd.	53,000		110,593
			8,362,647
South Korea (0.0%)
Samsung Electronics Co., Ltd.	730		301,498
Spain (4.0%)
Abertis Infraestructuras S.A.	18,383		287,393
Acciona S.A.	1,404		144,179
Acerinox S.A.	8,964		104,019
ACS Actividades de Construccion y Servicios S.A.	10,866		450,217
Banco Bilbao Vizcaya Argentaria S.A.	270,025		2,194,598
Banco de Sabadell S.A.	52,458		263,191
Banco de Valencia S.A.	13,386		111,152
Banco Popular Espanol S.A.	45,145		285,464
Banco Santander S.A.	597,843		4,110,568
Bankinter S.A.	18,566		196,275

82

AXA PREMIER VIP TRUST

MULTIMANAGER INTERNATIONAL EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Number of Shares	Value (Note 1)
Cintra Concesiones de Infraestructuras de Transporte S.A.	12,995	$	58,166
Criteria Caixacorp S.A.	49,971		161,407
EDP Renovaveis S.A.*	13,977		114,259
Enagas	10,231		145,118
Fomento de Construcciones y Contratas S.A.	2,856		87,309
Gamesa Corp. Tecnologica S.A.	423,206		5,429,490
Gas Natural SDG S.A.	26,318		359,917
Gestevision Telecinco S.A.	13,047		90,318
Grifols S.A.	8,193		118,180
Grupo Ferrovial S.A.	4,045		86,395
Iberdrola Renovables S.A.*	54,146		224,622
Iberdrola S.A.	210,839		1,480,497
Iberia Lineas Aereas de Espana	27,232		56,986
Inditex S.A.	23,088		898,025
Indra Sistemas S.A.	5,300		102,173
Mapfre S.A.	45,991		100,891
Red Electrica Corporacion S.A.	7,419		289,613
Repsol YPF S.A.	41,858		723,058
Sacyr Vallehermoso S.A.	8,962		68,926
Telefonica S.A.	751,802		15,015,001
Union Fenosa S.A.	20,892		499,666
Zardoya Otis S.A.	7,363		134,765
			34,391,838
Sweden (1.9%)
Alfa Laval AB	17,655		133,854
Assa Abloy AB, Class B	18,534		173,428
Atlas Copco AB, Class A	76,485		574,377
Atlas Copco AB, Class B	18,271		124,112
Electrolux AB, Class B	13,528		105,948
Getinge AB, Class B	11,699		113,290
Hennes & Mauritz AB, Class B	67,322		2,526,962
Holmen AB, Class B	3,021		50,169
Husqvarna AB, Class B	48,055		194,238
Investor AB, Class B	26,321		333,219
Lundin Petroleum AB*	12,575		67,750
Modern Times Group AB, Class B	2,903		49,580
Nordea Bank AB^	392,398		1,959,311
Sandvik AB	57,885		331,570
Scania AB, Class B	20,462		166,949
Securitas AB, Class B	18,534		135,087
Skandinaviska Enskilda Banken AB, Class A	132,025		414,194
Skanska AB, Class B	18,436		158,895
SKF AB, Class B	24,822		214,696
Ssab Svenskt Stal AB, Class A*	11,529		97,904
Ssab Svenskt Stal AB, Class B*	9,677		76,615
Svenska Cellulosa AB, Class B	253,660		1,925,748
Svenska Handelsbanken AB, Class A	27,016		381,978
Swedbank AB, Class A	20,661		68,859
Swedish Match AB	16,118		233,011
Tele2 AB, Class B	17,429		147,079
Telefonaktiebolaget LM Ericsson, Class B	386,564		3,141,298
TeliaSonera AB	128,148		617,727
Volvo AB, Class A	31,042		164,895
Volvo AB, Class B^	259,376		1,374,831
			16,057,574
Switzerland (10.5%)
ABB Ltd. (Registered)*	397,243		5,542,523
Actelion Ltd. (Registered)*	53,830		2,458,008
Adecco S.A. (Registered)	19,555		611,788
Aryzta AG*	5,059		120,927
Baloise Holding AG (Registered)	2,857		182,399
BKW FMB Energie AG	905		65,150
Compagnie Financiere Richemont S.A.	112,723		1,755,508
Credit Suisse Group AG (Registered)^	364,593		11,058,476
EFG Internationa AG (Registered)	6,033		45,021
Geberit AG (Registered)	2,618		234,910
Givaudan S.A. (Registered)*	419		217,050
Holcim Ltd. (Registered)^	20,918		743,787
Julius Baer Holding AG (Registered)	171,892		4,216,853
Kuehne & Nagel International AG (Registered)	3,218		188,005
Lindt & Spruengli AG	48		64,207
Lindt & Spruengli AG (Registered)	6		97,543
Logitech International S.A. (Registered)*	11,052		114,226
Lonza Group AG (Registered)^	73,351		7,251,658
Nestle S.A. (Registered)	473,674		16,033,622
Nobel Biocare Holding AG (Registered)	6,563		112,074
Novartis AG (Registered)	219,859		8,298,315
Pargesa Holding S.A.	1,732		91,985
Roche Holding AG^	106,589		14,634,082
Schindler Holding AG	3,623		171,037
SGS S.A. (Registered)	268		281,289
Sonova Holding AG	2,962		179,119
STMicroelectronics N.V.	33,775		169,606
Straumann Holding AG (Registered)	447		69,173
Sulzer AG (Registered)	1,749		90,009
Swatch Group AG	1,977		238,267
Swatch Group AG (Registered)	2,835		69,118
Swiss Life Holding AG (Registered)*	1,913		132,935
Swiss Reinsurance (Registered)	19,165		312,716
Swisscom AG (Registered)	1,398		392,230
Syngenta AG (Registered)	5,851		1,176,265
Transocean Ltd.*	109,533		6,444,922
UBS AG (Registered)*^	351,321		3,337,483
Xstrata plc	136,699		912,075
Zurich Financial Services AG (Registered)	11,613		1,832,613
			89,946,974
Taiwan (1.3%)
Taiwan Semiconductor Manufacturing Co., Ltd. (ADR)	1,241,516		11,111,568
United Kingdom (15.3%)
3i Group plc	21,931		85,046
Admiral Group plc	10,582		129,041
AMEC plc	18,989		144,403
Anglo American plc	79,367		1,345,623
Antofagasta plc	18,957		136,824
Associated British Foods plc	212,633		1,946,436
AstraZeneca plc	135,812		4,817,350
Autonomy Corp. plc*	14,469		271,101
Aviva plc	801,650		2,478,488
BAE Systems plc	213,213		1,023,028
Balfour Beatty plc	33,527		157,515
Barclays plc	608,895		1,298,949
Berkeley Group Holdings plc*	5,074		64,389
BG Group plc	410,414		6,220,725
BHP Billiton plc	131,179		2,597,224
BP plc	2,369,374		15,857,010
British Airways plc	32,961		66,447
British American Tobacco plc	112,736		2,610,413
British Land Co. plc (REIT)	81,447		420,683
British Sky Broadcasting Group plc	67,371		418,188
BT Group plc, Class A	466,789		522,311
Bunzl plc	18,689		146,513
Burberry Group plc	105,430		422,607
Cable & Wireless plc	140,055		279,894

83

AXA PREMIER VIP TRUST

MULTIMANAGER INTERNATIONAL EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Number of Shares		Value (Note 1)
Cadbury plc		77,700	$	586,831
Cairn Energy plc*		8,823		273,096
Capita Group plc		35,663		346,671
Carnival plc		10,411		235,860
Carphone Warehouse Group plc		48,472		87,316
Centrica plc		969,970		3,171,775
Cobham plc		55,677		137,211
Compass Group plc		110,992		507,175
Daily Mail & General Trust, Class A		16,205		54,310
Diageo plc		150,623		1,700,757
Drax Group plc		19,394		143,478
Eurasian Natural Resources Corp.		20,634		133,211
Firstgroup plc		30,879		118,292
Friends Provident plc		162,353		161,611
G4S plc		81,234		224,825
GlaxoSmithKline plc		549,633		8,558,116
Hammerson plc (REIT)		34,099		125,295
Hays plc		88,176		91,708
Home Retail Group plc		50,140		160,509
HSBC Holdings plc^		1,245,668		7,034,588
ICAP plc		113,598		494,863
IMI plc		18,275		70,994
Imperial Tobacco Group plc		72,182		1,621,097
Intercontinental Hotels Group plc		13,714		104,273
International Power plc		86,784		260,104
Invensys plc*		44,161		105,490
Investec plc		23,068		96,462
ITV plc		188,901		51,182
J Sainsbury plc		59,952		268,849
Johnson Matthey plc		13,759		207,372
Kazakhmys plc		12,230		65,187
Kingfisher plc		134,905		289,097
Ladbrokes plc		38,495		100,684
Land Securities Group plc (REIT)		43,200		270,455
Legal & General Group plc		334,943		208,351
Liberty International plc (REIT)		16,240		90,065
Lloyds Banking Group plc		2,675,605		2,742,729
Logica plc		93,790		85,712
London Stock Exchange Group plc		8,502		69,031
Lonmin plc		6,722		136,875
Man Group plc		202,432		635,424
Marks & Spencer Group plc		174,926		738,035
Meggitt plc		38,034		69,972
National Grid plc		146,645		1,127,451
Next plc		12,632		238,221
Old Mutual plc		316,573		236,193
Pearson plc		48,371		485,660
Prudential plc		262,632		1,265,531
Reckitt Benckiser Group plc		105,189		3,958,790
Reed Elsevier plc		63,012		452,158
Rexam plc		38,208		147,674
Rio Tinto plc		167,734		5,616,482
Rolls-Royce Group plc*		109,918		463,504
Royal Bank of Scotland Group plc*		1,015,640		361,326
RSA Insurance Group plc		742,143		1,386,169
SABMiller plc		51,679		770,570
Sage Group plc		83,932		203,393
Schroders plc		7,877		89,491
Scottish & Southern Energy plc		52,361		831,587
Segro plc (REIT)		24,955		8,220
Serco Group plc		27,788		145,801
Severn Trent plc		15,119		214,391
Shire plc		32,863		400,881
Smith & Nephew plc		50,519		312,285
Smiths Group plc		22,229		212,921
Stagecoach Group plc		30,820		52,710
Standard Chartered plc		176,546		2,189,961
Standard Life plc (b)§		128,448		306,328
Tate & Lyle plc		29,390		109,708
Tesco plc		2,112,492		10,110,336
Thomas Cook Group plc		27,505		94,574
Thomson Reuters plc		12,343		276,525
Tomkins plc		56,667		98,368
TUI Travel plc		347,863		1,142,661
Tullow Oil plc		45,612		524,310
Unilever plc		77,342		1,465,881
United Business Media Ltd.		14,862		90,855
United Utilities Group plc		38,941		269,789
Vedanta Resources plc		8,241		79,661
Vodafone Group plc		9,314,702		16,272,814
Whitbread plc		9,577		108,077
Wm. Morrison Supermarkets plc		220,897		808,639
Wolseley plc*		120,638		399,263
WPP plc		151,414		851,415
				130,275,720
United States (0.2%)
Las Vegas Sands Corp.*		511,369		1,539,221
Synthes, Inc.		3,412		379,640
				1,918,861
Total Common Stocks (96.7%) (Cost $1,050,511,397)				824,904,466
	Number of Rights		Value (Note 1)
RIGHTS:
Finland (0.0%)
Pohjola Bank plc, expiring 4/24/09*		6,428		8,736
Portugal (0.0%)
Banco Espirito Santo S.A., expiring 4/7/09*		26,450		42,170
Spain (0.0%)
Mapfre S.A., expiring 4/1/09*		80,686		1,072
Sweden (0.1%)
Nordea Bank AB, expiring 4/3/09*		7,759,378		887,390
United Kingdom (0.1%)
HSBC Holdings plc, expiring 4/3/09*		467,473		945,763
Royal Bank of Scotland Group plc, expiring 4/6/09*		1,837,414		—
Segro plc, expiring 4/6/09*		617,508		42,529
				988,292
Total Rights (0.2%) (Cost $98,970)				1,927,660
	Principal Amount		Value (Note 1)
SHORT-TERM INVESTMENTS:
Short-Term Investments of Cash Collateral for Securities Loaned (5.3%)
Banco de Sabadell S.A.
1.17%, 4/23/09 (l)	$	2,530,000		2,530,000
BBVA Senior Finance S.A.
1.38%, 3/12/10 (l)		1,850,000		1,817,068
Deutsche Bank Securities, Inc., Repurchase Agreement
0.25%, 4/1/09 (r)(u)		21,696,159		21,696,159
General Electric Capital Corp.
0.40%, 3/12/10 (l)		340,000		321,381
K2 (USA) LLC
0.37%, 5/29/09 (l)		3,369,769		3,369,769
0.37%, 6/18/09 (l)		4,209,688		4,195,623
Lehman Brothers Holdings, Inc.
0.00%, 8/21/09 (h)(s)		2,109,986		253,198

84

AXA PREMIER VIP TRUST

MULTIMANAGER INTERNATIONAL EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Principal Amount		Value (Note 1)
Links Finance LLC
0.37%, 6/25/09 (l)	$	1,259,921	$	1,254,482
Monumental Global Funding II
0.43%, 5/26/10 (l)		3,960,000		3,366,000
Morgan Stanley
0.46%, 5/7/09 (l)		4,210,000		4,210,000
Pricoa Global Funding I
0.40%, 6/25/10 (l)		2,529,683		2,283,325
Total Short-Term Investments of Cash Collateral for Securities Loaned				45,297,005
Time Deposit (2.2%)
JPMorgan Chase Nassau
0.004%, 4/1/09		18,602,569		18,602,569
Total Short-Term Investments (7.5%) (Cost/Amortized Cost $66,667,774)				63,899,574
Total Investments (104.4%) (Cost/Amortized Cost $1,117,278,141)				890,731,700
Other Assets Less Liabilities (-4.4%)				(37,345,927	)
Net Assets (100%)			$	853,385,773

Market Sector Diversification
As a Percentage of Total Net Assets
Consumer Discretionary	8.9	%
Consumer Staples	9.3
Energy	10.0
Financials	19.9
Health Care	10.5
Industrials	10.8
Information Technology	6.9
Materials	8.4
Telecommunication Services	8.0
Utilities	4.3
Cash and Other	3.0
	100.0	%

* Non-income producing.

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

† Securities (totaling $124,571 or 0.0% of net assets) at fair value.

§ Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may only be resold to qualified institutional buyers. At March 31, 2009, the market value of these securities amounted to $306,328 or 0.0% 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.

(h) Security in default.

(l) Floating Rate Security. Rate disclosed is as of March 31, 2009.

(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.

(s) Issuer in bankruptcy.

(u) Represents the Portfolio’s undivided interest in a joint repurchase agreement. The repurchase agreement was fully collateralized by U.S. government agency securities at the date of this Portfolio of Investments as follows: Federal Home Loan Mortgage Corp., 0.000% – 7.500%, maturing 1/15/15 – 6/15/38; Federal National Mortgage Association, 5.000% – 7.000%, maturing 10/1/36 – 12/1/38.

Glossary:

ADR — American Depositary Receipt

CVA — Dutch Certification

REIT — Real Estate Investment Trust

RNC — Risparmio Non-Convertible Savings Shares

SDR — Swedish Certification

FDR — Finnish Depositary Receipt

CDI — Chess Depositary Interest

PPS — Price Protected Share

At March 31, 2009 the Portfolio had the following futures contracts open: (Note 1)

Purchase	Number of Contracts	Expiration Date	Original Value		Value at 3/31/2009		Unrealized Appreciation
Dow Jones EURO Stoxx 50 Index	55	June-09	$	1,417,400	$	1,456,345	$	38,945

At March 31, 2009 the Portfolio had outstanding foreign currency contracts to buy/sell foreign currencies as follows: (Note 1)

	Local Contract Buy Amount (000’s)	Local Contract Sell Amount (000’s)	U.S. $ Current Buy Value		U.S. $ Current Sell Value		Unrealized Appreciation/ (Depreciation)
Foreign Currency Buy Contracts
Canadian Dollar vs. U.S. Dollar, expiring 6/15/09	3,652	2,869	$	2,898,812	$	2,869,039	$	29,773
Canadian Dollar vs. U.S. Dollar, expiring 6/15/09	1,521	1,236		1,207,309		1,235,581		(28,272	)
Canadian Dollar vs. U.S. Dollar, expiring 6/15/09	1,387	1,074		1,100,946		1,074,403		26,543
Canadian Dollar vs. U.S. Dollar, expiring 6/15/09	1,735	1,372		1,377,173		1,371,975		5,198
European Union vs. U.S. Dollar, expiring 6/15/09	2,789	3,664		3,705,596		3,663,603		41,993
European Union vs. U.S. Dollar, expiring 6/15/09	1,270	1,622		1,687,381		1,621,663		65,718
Swedish Krona vs. U.S. Dollar, expiring 6/15/09	11,633	1,394		1,415,913		1,394,092		21,821
Swedish Krona vs. U.S. Dollar, expiring 6/15/09	18,337	2,173		2,231,892		2,173,223		58,669
							$	221,443
Foreign Currency Sell Contracts
British Pound vs. U.S. Dollar, expiring 6/15/09	2,703	1,931	$	2,703,014	$	2,771,262	$	(68,248	)

85

AXA PREMIER VIP TRUST

MULTIMANAGER INTERNATIONAL EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Local Contract Buy Amount (000’s)	Local Contract Sell Amount (000’s)	U.S. $ Current Buy Value		U.S. $ Current Sell Value		Unrealized Appreciation/ (Depreciation)
Foreign Currency Sell Contracts
British Pound vs. U.S. Dollar, expiring 6/15/09	1,830	1,319	$	1,830,178	$	1,892,954	$	(62,776	)
Canadian Dollar vs. U.S. Dollar, expiring 6/15/09	2,373	3,001		2,372,520		2,382,074		(9,554	)
Canadian Dollar vs. U.S. Dollar, expiring 6/15/09	12,278	15,309		12,278,338		12,151,673		126,665
Canadian Dollar vs. U.S. Dollar, expiring 6/15/09	4,194	5,237		4,194,465		4,156,921		37,544
European Union vs. U.S. Dollar, expiring 6/15/09	5,166	4,059		5,165,687		5,392,977		(227,290	)
Swedish Krona vs. U.S. Dollar, expiring 6/15/09	4,918	43,132		4,917,850		5,249,821		(331,971	)
Swiss Franc vs. U.S. Dollar, expiring 6/15/09	1,363	1,583		1,362,893		1,392,963		(30,070	)
							$	(565,700	)
							$	(344,257	)

Various inputs are used in determining the value of the Portfolio’s investments. These inputs are summarized in the three broad levels listed below:

• Level 1 - Quoted prices in active markets for identical securities

• Level 2 - Significant other observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)

• Level 3 - Significant unobservable inputs (including the Portfolio’s own assumptions in determining the fair value of investments)

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, money market securities are valued using amortized cost, in accordance with rules under the Investment Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active market, such securities are reflected as Level 2.

The following is a summary of the inputs used to value the Portfolio’s net assets as of March 31, 2009:

Description	Quoted Prices in Active Markets for Identical Securities (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Assets
Investments in Securities	$	83,212,361	$	807,394,768	$	124,571	$	890,731,700
Other Investments*		38,945		413,924		—		452,869
Total	$	83,251,306	$	807,808,692	$	124,571	$	891,184,569
Liabilities
Investments in Securities	$	—	$	—	$	—	$	—
Other Investments*		—		758,181		—		758,181
Total	$	—	$	758,181	$	—	$	758,181

Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:

	Investments in Securities			Other Investments*
Balance as of 12/31/08	$	39,022,732		$	—
Total gains or losses (realized/unrealized) included in earnings		398			—
Purchases, sales, issuances, and settlements (net)		—			—
Transfers in and/or out of Level 3		(38,898,559	)		—
Balance as of 3/31/09	$	124,571		$	—
The amount of total gains or losses for the year included in earnings attributable to the change in unrealized gains or losses relating to assets and liabilities still held at period ending 3/31/09.	$	(10,700	)	$	—

* Other investments are derivative instruments, such as futures, forwards and written options, which are valued at the unrealized appreciation/depreciation on the instrument.

86

AXA PREMIER VIP TRUST

MULTIMANAGER INTERNATIONAL EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

Investment security transactions for the three months ended March 31, 2009 were as follows:

Cost of Purchases:
Stocks and long-term corporate debt securities	$	659,605,248
Net Proceeds of Sales and Redemptions:
Stocks and long-term corporate debt securities	$	1,357,031,898

As of March 31, 2009, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investments for Federal income tax purposes was as follows:

Aggregate gross unrealized appreciation	$	12,796,189
Aggregate gross unrealized depreciation		(328,145,398	)
Net unrealized depreciation	$	(315,349,209	)
Federal income tax cost of investments	$	1,206,080,909

At March 31, 2009, the Portfolio had loaned securities with a total value of $46,653,072. This was secured by collateral of $48,065,206, which was received as cash and subsequently invested in short-term investments currently valued at $45,297,005, as reported in the portfolio of investments.

The Portfolio has a net capital loss carryforward of $154,814,122, which expires in the year 2016.

See Notes to Portfolio of Investments.

87

AXA PREMIER VIP TRUST

MULTIMANAGER LARGE CAP CORE EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS

March 31, 2009 (Unaudited)

	Number of Shares	Value (Note 1)
COMMON STOCKS:
Consumer Discretionary (9.1%)
Auto Components (0.1%)
Autoliv, Inc.^	6,370	$	118,291
Goodyear Tire & Rubber Co.*	8,300		51,958
Johnson Controls, Inc.	21,500		258,000
Lear Corp.*	8,610		6,458
Magna International, Inc., Class A	10,045		268,703
			703,410
Automobiles (0.1%)
Ford Motor Co.*	92,300		242,749
General Motors Corp.	22,600		43,844
Harley-Davidson, Inc.	8,400		112,476
			399,069
Distributors (0.0%)
Genuine Parts Co.	5,900		176,174
Diversified Consumer Services (0.1%)
Apollo Group, Inc., Class A*	3,900		305,487
H&R Block, Inc.	12,700		231,013
			536,500
Hotels, Restaurants & Leisure (1.0%)
Carnival Corp.	16,600		358,560
Darden Restaurants, Inc.	5,000		171,300
International Game Technology	10,500		96,810
Life Time Fitness, Inc.*^	81,920		1,028,915
Marriott International, Inc., Class A	10,400		170,144
McDonald’s Corp.	46,365		2,530,139
Starbucks Corp.*	27,800		308,858
Starwood Hotels & Resorts Worldwide, Inc.	6,200		78,740
Wyndham Worldwide Corp.	10,000		42,000
Wynn Resorts Ltd.*^	15,386		307,258
Yum! Brands, Inc.	17,600		483,648
			5,576,372
Household Durables (0.2%)
Black & Decker Corp.	2,200		69,432
Centex Corp.	3,700		27,750
D.R. Horton, Inc.	9,400		91,180
Fortune Brands, Inc.	5,600		137,480
Harman International Industries, Inc.	3,300		44,649
KB Home	2,200		28,996
Leggett & Platt, Inc.	6,900		89,631
Lennar Corp., Class A	4,700		35,297
Newell Rubbermaid, Inc.	10,200		65,076
Pulte Homes, Inc.	7,200		78,696
Snap-On, Inc.	2,100		52,710
Stanley Works	3,400		99,008
Whirlpool Corp.	2,900		85,811
			905,716
Internet & Catalog Retail (0.8%)
Amazon.com, Inc.*	12,200		895,968
Expedia, Inc.*	7,700		69,916
Liberty Media Corp., Interactive, Class A*	41,971		121,716
priceline.com, Inc.*^	39,923		3,145,134
			4,232,734
Leisure Equipment & Products (0.1%)
Eastman Kodak Co.	7,900		30,020
Hasbro, Inc.	4,400		110,308
Mattel, Inc.	12,700		146,431
			286,759
Media (4.0%)
CBS Corp., Class B	137,100		526,464
Comcast Corp., Class A	145,245		1,981,142
Comcast Corp., Special Class A	295,214		3,799,404
DIRECTV Group, Inc.*^	240,603		5,483,341
DISH Network Corp., Class A*	279,940		3,110,133
Gannett Co., Inc.^	53,580		117,876
Interpublic Group of Cos., Inc.*	21,200		87,344
McGraw-Hill Cos., Inc.	12,200		279,014
Meredith Corp.	2,000		33,280
New York Times Co., Class A	6,600		29,832
News Corp., Class A	257,400		1,703,988
Omnicom Group, Inc.	12,200		285,480
Scripps Networks Interactive, Inc., Class A	4,000		90,040
Time Warner Cable, Inc.	26,326		652,880
Time Warner, Inc.	97,315		1,878,178
Viacom, Inc., Class B*	53,510		930,004
Walt Disney Co.	77,500		1,407,400
Washington Post Co., Class B	200		71,420
			22,467,220
Multiline Retail (0.5%)
Big Lots, Inc.*	3,000		62,340
Family Dollar Stores, Inc.	5,100		170,187
J.C. Penney Co., Inc.	8,700		174,609
Kohl’s Corp.*	11,600		490,912
Macy’s, Inc.^	63,145		561,991
Nordstrom, Inc.	5,400		90,450
Sears Holdings Corp.*	1,900		86,849
Target Corp.	28,600		983,554
			2,620,892
Specialty Retail (1.5%)
Abercrombie & Fitch Co., Class A	3,400		80,920
AutoNation, Inc.*^	35,000		485,800
AutoZone, Inc.*	1,500		243,930
Bed Bath & Beyond, Inc.*	9,400		232,650
Best Buy Co., Inc.	12,800		485,888
Foot Locker, Inc.^	30,300		317,544
GameStop Corp., Class A*	5,800		162,516
Gap, Inc.	38,300		497,517
Home Depot, Inc.	80,400		1,894,224
Limited Brands, Inc.	29,990		260,913
Lowe’s Cos., Inc.	86,395		1,576,709
Office Depot, Inc.*	15,500		20,305
O’Reilly Automotive, Inc.*	5,000		175,050
RadioShack Corp.	4,000		34,280
Sherwin-Williams Co.	3,800		197,486
Staples, Inc.	27,200		492,592
Tiffany & Co.	4,200		90,552
TJX Cos., Inc.	44,100		1,130,724
			8,379,600
Textiles, Apparel & Luxury Goods (0.7%)
Coach, Inc.*	12,600		210,420
Jones Apparel Group, Inc.	33,460		141,201
NIKE, Inc., Class B^	65,380		3,065,668
Polo Ralph Lauren Corp.	1,900		80,275
VF Corp.	3,300		188,463
			3,686,027
Total Consumer Discretionary			49,970,473
Consumer Staples (10.2%)
Beverages (3.0%)
Brown-Forman Corp., Class B	3,500		135,905
Coca-Cola Co.	154,460		6,788,517
Coca-Cola Enterprises, Inc.	65,320		861,571
Constellation Brands, Inc., Class A*^	39,800		473,620
Dr. Pepper Snapple Group, Inc.*	228,965		3,871,798

88

AXA PREMIER VIP TRUST

MULTIMANAGER LARGE CAP CORE EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Number of Shares	Value (Note 1)
Molson Coors Brewing Co., Class B	5,700	$	195,396
Pepsi Bottling Group, Inc.	23,500		520,290
PepsiCo, Inc.	78,300		4,030,884
			16,877,981
Food & Staples Retailing (2.5%)
Costco Wholesale Corp.	16,500		764,280
CVS Caremark Corp.	117,707		3,235,765
Kroger Co.	35,300		749,066
Rite Aid Corp.*	1,784,210		642,316
Safeway, Inc.	29,100		587,529
SUPERVALU, Inc.	8,200		117,096
SYSCO Corp.	22,900		522,120
Walgreen Co.	37,500		973,500
Wal-Mart Stores, Inc.^	128,340		6,686,514
Whole Foods Market, Inc.	6,200		104,160
			14,382,346
Food Products (1.4%)
Archer-Daniels-Midland Co.	66,400		1,844,592
Bunge Ltd.^	10,675		604,739
Campbell Soup Co.	7,400		202,464
ConAgra Foods, Inc.	16,800		283,416
Dean Foods Co.*	5,800		104,864
Del Monte Foods Co.^	23,555		171,716
General Mills, Inc.	20,980		1,046,482
H.J. Heinz Co.	11,900		393,414
Hershey Co.	6,000		208,500
Hormel Foods Corp.	3,100		98,301
JM Smucker Co.	4,200		156,534
Kellogg Co.	14,300		523,809
Kraft Foods, Inc., Class A	55,800		1,243,782
McCormick & Co., Inc. (Non-Voting)	4,600		136,022
Sara Lee Corp.	27,400		221,392
Tyson Foods, Inc., Class A	35,970		337,758
			7,577,785
Household Products (1.7%)
Clorox Co.	5,400		277,992
Colgate-Palmolive Co.	22,115		1,304,343
Kimberly-Clark Corp.	24,095		1,111,020
Procter & Gamble Co.	137,971		6,497,055
			9,190,410
Personal Products (0.1%)
Avon Products, Inc.	16,700		321,141
Estee Lauder Cos., Inc., Class A	4,000		98,600
			419,741
Tobacco (1.5%)
Altria Group, Inc.	132,053		2,115,489
Lorillard, Inc.^	16,000		987,840
Philip Morris International, Inc.	118,753		4,225,232
Reynolds American, Inc.^	18,980		680,243
			8,008,804
Total Consumer Staples			56,457,067
Energy (11.0%)
Energy Equipment & Services (1.5%)
Baker Hughes, Inc.	11,700		334,035
BJ Services Co.	10,900		108,455
Cameron International Corp.*	8,400		184,212
Diamond Offshore Drilling, Inc.	2,500		157,150
ENSCO International, Inc.	5,700		150,480
Halliburton Co.	34,300		530,621
Helmerich & Payne, Inc.^	58,543		1,333,024
Nabors Industries Ltd.*	10,100		100,899
National Oilwell Varco, Inc.*	15,900		456,489
Rowan Cos., Inc.	4,100		49,077
Schlumberger Ltd.	45,300		1,840,086
Smith International, Inc.	8,400		180,432
Transocean Ltd.*	53,060		3,122,051
			8,547,011
Oil, Gas & Consumable Fuels (9.5%)
Anadarko Petroleum Corp.	17,500		680,575
Apache Corp.	19,900		1,275,391
BP plc (ADR)^	10,700		429,070
Cabot Oil & Gas Corp.	3,600		84,852
Chesapeake Energy Corp.	21,700		370,202
Chevron Corp.	98,400		6,616,416
ConocoPhillips	195,471		7,654,644
Consol Energy, Inc.	7,000		176,680
Devon Energy Corp.	27,300		1,220,037
El Paso Corp.	25,000		156,250
EOG Resources, Inc.^	39,932		2,186,676
Exxon Mobil Corp.	221,110		15,057,591
Gazprom OAO (ADR)	64,340		948,380
Hess Corp.	48,007		2,601,979
Marathon Oil Corp.	224,670		5,906,574
Massey Energy Co.	2,500		25,300
Murphy Oil Corp.	7,200		322,344
Noble Energy, Inc.	6,700		360,996
Occidental Petroleum Corp.	44,900		2,498,685
Peabody Energy Corp.	10,400		260,416
Pioneer Natural Resources Co.	4,600		75,762
Range Resources Corp.	6,100		251,076
Royal Dutch Shell plc (ADR), Class A	12,845		569,034
Southwestern Energy Co.*	13,000		385,970
Spectra Energy Corp.	24,000		339,360
Sunoco, Inc.	4,600		121,808
Tesoro Corp.	6,100		82,167
Valero Energy Corp.	19,600		350,840
Williams Cos., Inc.	22,500		256,050
XTO Energy, Inc.	22,100		676,702
			51,941,827
Total Energy			60,488,838
Financials (12.4%)
Capital Markets (4.0%)
Ameriprise Financial, Inc.	8,500		174,165
Bank of New York Mellon Corp.	43,700		1,234,525
Charles Schwab Corp.	283,000		4,386,500
Deutsche Bank AG (Registered)^	23,900		971,535
E*TRADE Financial Corp.*	31,700		40,576
Federated Investors, Inc., Class B	3,500		77,910
Franklin Resources, Inc.	5,900		317,833
Goldman Sachs Group, Inc.^	90,828		9,629,584
Invesco Ltd.	14,300		198,198
Janus Capital Group, Inc.	4,500		29,925
Legg Mason, Inc.	5,700		90,630
Morgan Stanley^	167,783		3,820,419
Northern Trust Corp.	8,500		508,470
State Street Corp.	16,500		507,870
T. Rowe Price Group, Inc.	9,700		279,942
			22,268,082
Commercial Banks (2.1%)
BB&T Corp.	21,000		355,320
Comerica, Inc.	5,400		98,874
Fifth Third Bancorp^	1,000,377		2,921,101
First Horizon National Corp.	7,109		76,355
Huntington Bancshares, Inc./Ohio	20,600		34,196
KeyCorp	19,500		153,465
M&T Bank Corp.	2,800		126,672
Marshall & Ilsley Corp.	8,700		48,981
PNC Financial Services Group, Inc.	16,400		480,356

89

AXA PREMIER VIP TRUST

MULTIMANAGER LARGE CAP CORE EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Number of Shares	Value (Note 1)
Regions Financial Corp.	25,000	$	106,500
SunTrust Banks, Inc.	14,000		164,360
U.S. Bancorp	310,850		4,541,518
Wells Fargo & Co.	160,500		2,285,520
Zions Bancorporation	3,900		38,337
			11,431,555
Consumer Finance (0.2%)
American Express Co.	44,700		609,261
Capital One Financial Corp.^	16,945		207,407
Discover Financial Services	17,400		109,794
SLM Corp.*	20,700		102,465
			1,028,927
Diversified Financial Services (2.1%)
Bank of America Corp.	242,800		1,655,896
CIT Group, Inc.	12,600		35,910
Citigroup, Inc.	208,800		528,264
CME Group, Inc.	2,500		615,975
IntercontinentalExchange, Inc.*	2,700		201,069
JPMorgan Chase & Co.	278,590		7,404,922
Leucadia National Corp.*	6,000		89,340
Moody’s Corp.	7,600		174,192
NASDAQ OMX Group, Inc.*	5,100		99,858
NYSE Euronext, Inc.	48,875		874,863
			11,680,289
Insurance (3.5%)
ACE Ltd.	137,226		5,543,930
Aflac, Inc.	18,100		350,416
Allstate Corp.	177,472		3,398,589
American International Group, Inc.	95,900		95,900
Aon Corp.	10,300		420,446
Assurant, Inc.	4,000		87,120
Chubb Corp.	13,600		575,552
Cincinnati Financial Corp.	6,300		144,081
Genworth Financial, Inc., Class A	65,875		125,163
Hartford Financial Services Group, Inc.^	227,988		1,789,706
Lincoln National Corp.^	48,000		321,120
Loews Corp.	13,200		291,720
Marsh & McLennan Cos., Inc.	19,500		394,875
MBIA, Inc.*	5,300		24,274
MetLife, Inc.	76,500		1,741,905
Principal Financial Group, Inc.	11,500		94,070
Progressive Corp.*	26,300		353,472
Prudential Financial, Inc.	29,365		558,522
Swiss Reinsurance (Registered)	68,020		1,109,883
Torchmark Corp.	2,900		76,067
Travelers Cos., Inc.	36,500		1,483,360
Unum Group^	18,600		232,500
XL Capital Ltd., Class A	50,645		276,522
			19,489,193
Real Estate Investment Trusts (REITs) (0.4%)
Apartment Investment & Management Co. (REIT), Class A	6,700		36,716
AvalonBay Communities, Inc. (REIT)	3,100		145,886
Boston Properties, Inc. (REIT)	4,300		150,629
Equity Residential (REIT)	10,500		192,675
HCP, Inc. (REIT)	9,300		166,005
Health Care REIT, Inc. (REIT)	4,400		134,596
Host Hotels & Resorts, Inc. (REIT)	17,700		69,384
Kimco Realty Corp. (REIT)	10,200		77,724
Plum Creek Timber Co., Inc. (REIT)	6,100		177,327
ProLogis (REIT)	11,800		76,700
Public Storage (REIT)	4,700		259,675
Simon Property Group, Inc. (REIT)	9,736		337,255
Ventas, Inc. (REIT)	5,600		126,616
Vornado Realty Trust (REIT)	5,428		180,429
			2,131,617
Real Estate Management & Development (0.0%)
CB Richard Ellis Group, Inc., Class A*	12,600		50,778
Thrifts & Mortgage Finance (0.1%)
Hudson City Bancorp, Inc.	20,200		236,138
People’s United Financial, Inc.	12,500		224,625
			460,763
Total Financials			68,541,204
Health Care (15.6%)
Biotechnology (3.1%)
Amgen, Inc.*	61,350		3,038,052
Biogen Idec, Inc.*	11,100		581,862
Celgene Corp.*	53,230		2,363,412
Cephalon, Inc.*	2,700		183,870
Genzyme Corp.*	10,400		617,656
Gilead Sciences, Inc.*	204,640		9,478,925
OSI Pharmaceuticals, Inc.*^	18,874		722,119
			16,985,896
Health Care Equipment & Supplies (2.2%)
Alcon, Inc.	9,125		829,554
Baxter International, Inc.	53,385		2,734,380
Becton, Dickinson & Co.	8,900		598,436
Boston Scientific Corp.*	57,200		454,740
C.R. Bard, Inc.	3,900		310,908
Covidien Ltd.	73,985		2,459,261
DENTSPLY International, Inc.	5,800		155,730
Hospira, Inc.*	6,500		200,590
Intuitive Surgical, Inc.*	1,600		152,576
Medtronic, Inc.	42,500		1,252,475
St. Jude Medical, Inc.*	13,100		475,923
Stryker Corp.	9,500		323,380
Varian Medical Systems, Inc.*	67,748		2,062,249
Zimmer Holdings, Inc.*	8,800		321,200
			12,331,402
Health Care Providers & Services (1.8%)
Aetna, Inc.	17,500		425,775
AmerisourceBergen Corp.	6,000		195,960
Cardinal Health, Inc.	25,300		796,444
CIGNA Corp.	9,800		172,382
Community Health Systems, Inc.*^	108,222		1,660,125
Coventry Health Care, Inc.*	5,500		71,170
DaVita, Inc.*	3,800		167,010
Express Scripts, Inc.*	9,400		433,998
Humana, Inc.*	6,900		179,952
Laboratory Corp. of America Holdings*	4,000		233,960
McKesson Corp.	10,500		367,920
Medco Health Solutions, Inc.*	18,400		760,656
Patterson Cos., Inc.*	3,400		64,124
Quest Diagnostics, Inc.	6,200		294,376
Tenet Healthcare Corp.*	23,400		27,144
UnitedHealth Group, Inc.	172,981		3,620,493
WellPoint, Inc.*	18,800		713,836
			10,185,325
Health Care Technology (0.3%)
Eclipsys Corp.*^	162,492		1,647,669

90

AXA PREMIER VIP TRUST

MULTIMANAGER LARGE CAP CORE EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Number of Shares	Value (Note 1)
IMS Health, Inc.	6,100	$	76,067
			1,723,736
Life Sciences Tools & Services (0.8%)
Life Technologies Corp.*	6,700		217,616
Millipore Corp.*	2,100		120,561
PerkinElmer, Inc.	4,200		53,634
Thermo Fisher Scientific, Inc.*	107,800		3,845,226
Waters Corp.*	3,900		144,105
			4,381,142
Pharmaceuticals (7.4%)
Abbott Laboratories, Inc.	60,705		2,895,629
Allergan, Inc.	11,700		558,792
AstraZeneca plc (ADR)^	10,605		375,947
Bristol-Myers Squibb Co.	127,360		2,791,731
Eli Lilly & Co.	224,000		7,483,839
Forest Laboratories, Inc.*	11,300		248,148
GlaxoSmithKline plc (ADR)^	12,950		402,357
Johnson & Johnson	134,250		7,061,550
King Pharmaceuticals, Inc.*	9,500		67,165
Merck & Co., Inc.	150,714		4,031,600
Mylan, Inc.*	10,800		144,828
Novartis AG (ADR)	12,075		456,797
Pfizer, Inc.	377,800		5,145,636
Sanofi-Aventis S.A. (ADR)	22,855		638,340
Schering-Plough Corp.	98,700		2,324,385
Teva Pharmaceutical Industries Ltd. (ADR)	67,610		3,045,831
Watson Pharmaceuticals, Inc.*	3,900		121,329
Wyeth	65,600		2,823,424
			40,617,328
Total Health Care			86,224,829
Industrials (5.7%)
Aerospace & Defense (1.9%)
Boeing Co.	122,270		4,350,366
General Dynamics Corp.	14,800		615,532
Goodrich Corp.	4,400		166,716
Honeywell International, Inc.	27,500		766,150
L-3 Communications Holdings, Inc.	4,600		311,880
Lockheed Martin Corp.	12,600		869,778
Northrop Grumman Corp.	12,500		545,500
Precision Castparts Corp.	5,300		317,470
Raytheon Co.	15,200		591,888
Rockwell Collins, Inc.	6,100		199,104
United Technologies Corp.	35,800		1,538,684
			10,273,068
Air Freight & Logistics (0.5%)
C.H. Robinson Worldwide, Inc.	6,600		301,026
Expeditors International of Washington, Inc.	7,600		215,004
FedEx Corp.	11,900		529,431
United Parcel Service, Inc., Class B	37,700		1,855,594
			2,901,055
Airlines (0.0%)
Southwest Airlines Co.	26,200		165,846
Building Products (0.0%)
Masco Corp.	14,100		98,418
Commercial Services & Supplies (0.3%)
Avery Dennison Corp.	4,500		100,530
Cintas Corp.	4,700		116,184
Iron Mountain, Inc.*	7,000		155,190
Pitney Bowes, Inc.	20,425		476,924
R.R. Donnelley & Sons Co.	7,400		54,242
Republic Services, Inc.	11,500		197,225
Stericycle, Inc.*	3,100		147,963
Waste Management, Inc.	18,700		478,720
			1,726,978
Construction & Engineering (0.1%)
Fluor Corp.	7,100		245,305
Jacobs Engineering Group, Inc.*	4,500		173,970
			419,275
Electrical Equipment (0.2%)
Cooper Industries Ltd., Class A	17,500		452,550
Emerson Electric Co.	28,300		808,814
Rockwell Automation, Inc.	5,300		115,752
			1,377,116
Industrial Conglomerates (1.0%)
3M Co.	26,300		1,307,636
General Electric Co.	399,600		4,039,956
Textron, Inc.	8,400		48,216
			5,395,808
Machinery (1.1%)
Caterpillar, Inc.	22,900		640,284
Cummins, Inc.	7,700		195,965
Danaher Corp.	42,579		2,308,633
Deere & Co.	16,300		535,781
Dover Corp.	20,725		546,726
Eaton Corp.	6,400		235,904
Flowserve Corp.	2,100		117,852
Illinois Tool Works, Inc.	15,000		462,750
Ingersoll-Rand Co., Ltd., Class A	11,400		157,320
ITT Corp.	6,800		261,596
Manitowoc Co., Inc.	7,300		23,871
PACCAR, Inc.	14,100		363,216
Pall Corp.	4,000		81,720
Parker Hannifin Corp.	6,200		210,676
			6,142,294
Professional Services (0.1%)
Dun & Bradstreet Corp.	1,900		146,300
Equifax, Inc.	4,500		110,025
Monster Worldwide, Inc.*	3,600		29,340
Robert Half International, Inc.	5,300		94,499
			380,164
Road & Rail (0.4%)
Burlington Northern Santa Fe Corp.	10,700		643,605
CSX Corp.	15,000		387,750
Norfolk Southern Corp.	14,100		475,875
Ryder System, Inc.	1,900		53,789
Union Pacific Corp.	19,300		793,423
			2,354,442
Trading Companies & Distributors (0.1%)
Fastenal Co.	4,600		147,913
W.W. Grainger, Inc.	2,300		161,414
			309,327
Total Industrials			31,543,791
Information Technology (18.9%)
Communications Equipment (4.2%)
Ciena Corp.*	5,100		39,678
Cisco Systems, Inc.*	250,200		4,195,854
Corning, Inc.^	549,537		7,292,356
Harris Corp.	4,900		141,806
JDS Uniphase Corp.*	12,400		40,300
Juniper Networks, Inc.*	19,200		289,152
Motorola, Inc.	248,330		1,050,436
Nokia Oyj (ADR)	76,200		889,254

91

AXA PREMIER VIP TRUST

MULTIMANAGER LARGE CAP CORE EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Number of Shares	Value (Note 1)
QUALCOMM, Inc.^	113,541	$	4,417,880
Research In Motion Ltd.*	96,154		4,141,353
Telefonaktiebolaget LM Ericsson (ADR)	55,800		451,422
Tellabs, Inc.*	15,200		69,616
			23,019,107
Computers & Peripherals (5.0%)
Apple, Inc.*	100,136		10,526,296
Dell, Inc.*	516,320		4,894,714
EMC Corp.*	75,400		859,560
Hewlett-Packard Co.	90,800		2,911,048
International Business Machines Corp.^	70,810		6,860,781
Lexmark International, Inc., Class A*	2,800		47,236
NetApp, Inc.*	12,700		188,468
QLogic Corp.*	4,200		46,704
SanDisk Corp.*	7,700		97,405
Sun Microsystems, Inc.*	28,900		211,548
Teradata Corp.*	6,300		102,186
Western Digital Corp.*	20,510		396,663
			27,142,609
Electronic Equipment, Instruments & Components (0.3%)
Agilent Technologies, Inc.*	13,500		207,495
Amphenol Corp., Class A	6,800		193,732
AU Optronics Corp. (ADR)^	73,325		615,196
FLIR Systems, Inc.*	6,100		124,928
Jabil Circuit, Inc.	6,100		33,916
Molex, Inc.	5,400		74,196
Tyco Electronics Ltd.^	40,240		444,250
			1,693,713
Internet Software & Services (1.7%)
Akamai Technologies, Inc.*	6,500		126,100
eBay, Inc.*^	194,421		2,441,928
Google, Inc., Class A*	17,500		6,091,050
VeriSign, Inc.*	6,800		128,316
Yahoo!, Inc.*	53,200		681,492
			9,468,886
IT Services (1.5%)
Affiliated Computer Services, Inc., Class A*	3,700		177,193
Automatic Data Processing, Inc.	19,400		682,104
Cognizant Technology Solutions Corp., Class A*	10,900		226,611
Computer Sciences Corp.*	5,400		198,936
Convergys Corp.*	3,500		28,280
Fidelity National Information Services, Inc.	7,400		134,680
Fiserv, Inc.*	6,200		226,052
Mastercard, Inc., Class A	2,800		468,944
Paychex, Inc.	134,240		3,445,940
Total System Services, Inc.	6,800		93,908
Visa, Inc., Class A^	33,200		1,845,920
Western Union Co.^	67,352		846,615
			8,375,183
Office Electronics (0.0%)
Xerox Corp.	30,800		140,140
Semiconductors & Semiconductor Equipment (1.6%)
Advanced Micro Devices, Inc.*	24,100		73,505
Altera Corp.	11,500		201,825
Analog Devices, Inc.	10,500		202,335
Applied Materials, Inc.	51,300		551,475
Broadcom Corp., Class A*	16,200		323,676
Cypress Semiconductor Corp.*	53,887		364,815
Intel Corp.	210,600		3,169,530
KLA-Tencor Corp.	6,300		126,000
Linear Technology Corp.	8,500		195,330
LSI Corp.*	28,700		87,248
MEMC Electronic Materials, Inc.*	8,700		143,463
Microchip Technology, Inc.	7,300		154,687
Micron Technology, Inc.*	27,200		110,432
National Semiconductor Corp.	6,600		67,782
Novellus Systems, Inc.*	3,500		58,205
NVIDIA Corp.*	49,000		483,140
ON Semiconductor Corp.*^	383,772		1,496,711
Teradyne, Inc.*	9,500		41,610
Texas Instruments, Inc.	47,900		790,829
Xilinx, Inc.	10,600		203,096
			8,845,694
Software (4.6%)
Adobe Systems, Inc.*	20,200		432,078
Amdocs Ltd.*	173,620		3,215,442
Autodesk, Inc.*	8,100		136,161
BMC Software, Inc.*	6,700		221,100
CA, Inc.	14,700		258,867
Citrix Systems, Inc.*	6,500		147,160
Compuware Corp.*	8,900		58,651
Electronic Arts, Inc.*	11,600		211,004
Intuit, Inc.*	12,500		337,500
McAfee, Inc.*	5,900		197,650
Microsoft Corp.	704,706		12,945,450
Novell, Inc.*	11,900		50,694
Oracle Corp.*^	295,461		5,338,980
Salesforce.com, Inc.*	4,000		130,920
Symantec Corp.*^	82,600		1,234,044
			24,915,701
Total Information Technology			103,601,033
Materials (2.0%)
Chemicals (1.3%)
Air Products & Chemicals, Inc.	8,000		450,000
CF Industries Holdings, Inc.	1,700		120,921
Dow Chemical Co.	36,100		304,323
E.I. du Pont de Nemours & Co.	34,400		768,152
Eastman Chemical Co.^	14,245		381,766
Ecolab, Inc.	6,000		208,380
International Flavors & Fragrances, Inc.	2,700		82,242
Monsanto Co.	20,800		1,728,480
PPG Industries, Inc.	5,900		217,710
Praxair, Inc.	11,800		794,022
Rohm & Haas Co.	4,700		370,548
Sigma-Aldrich Corp.	4,800		181,392
Syngenta AG (ADR)	37,661		1,510,583
			7,118,519
Construction Materials (0.0%)
Vulcan Materials Co.	3,900		172,731
Containers & Packaging (0.2%)
Ball Corp.	3,300		143,220
Bemis Co., Inc.	4,400		92,268
Owens-Illinois, Inc.*	31,095		449,012
Pactiv Corp.*	4,800		70,032
Sealed Air Corp.	7,000		96,600
Sonoco Products Co.	5,900		123,782
			974,914
Metals & Mining (0.4%)
AK Steel Holding Corp.	3,200		22,784
Alcoa, Inc.	35,500		260,570

92

AXA PREMIER VIP TRUST

MULTIMANAGER LARGE CAP CORE EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Number of Shares		Value (Note 1)
Allegheny Technologies, Inc.		4,300	$	94,299
Freeport-McMoRan Copper & Gold, Inc.		15,700		598,327
Newmont Mining Corp.		18,600		832,536
Nucor Corp.		11,900		454,223
Titanium Metals Corp.		4,800		26,256
United States Steel Corp.		4,000		84,520
				2,373,515
Paper & Forest Products (0.1%)
International Paper Co.		15,400		108,416
MeadWestvaco Corp.		6,300		75,537
Weyerhaeuser Co.		8,200		226,074
				410,027
Total Materials				11,049,706
Telecommunication Services (4.3%)
Diversified Telecommunication Services (3.0%)
AT&T, Inc.		451,700		11,382,840
CenturyTel, Inc.		3,400		95,608
Embarq Corp.		5,500		208,175
Frontier Communications Corp.		13,800		99,084
Level 3 Communications, Inc.*^		371,296		341,592
Qwest Communications International, Inc.		56,300		192,546
Telefonica S.A. (ADR)		4,060		242,057
Verizon Communications, Inc.		120,100		3,627,020
Windstream Corp.		17,100		137,826
				16,326,748
Wireless Telecommunication Services (1.3%)
American Tower Corp., Class A*		15,100		459,493
China Mobile Ltd.		272,800		2,374,804
Crown Castle International Corp.*^		144,086		2,940,795
Sprint Nextel Corp.*^		290,300		1,036,371
Vodafone Group plc (ADR)^		18,585		323,751
				7,135,214
Total Telecommunication Services				23,461,962
Utilities (3.0%)
Electric Utilities (2.0%)
Allegheny Energy, Inc.		6,800		157,556
American Electric Power Co., Inc.		15,300		386,478
Duke Energy Corp.		48,900		700,248
Edison International		11,900		342,839
Entergy Corp.		74,804		5,093,404
Exelon Corp.		25,000		1,134,750
FirstEnergy Corp.		11,600		447,760
FPL Group, Inc.		15,600		791,388
Northeast Utilities		6,800		146,812
Pepco Holdings, Inc.		7,400		92,352
Pinnacle West Capital Corp.		3,500		92,960
PPL Corp.		14,200		407,682
Progress Energy, Inc.		10,100		366,226
Southern Co.		29,600		906,352
				11,066,807
Gas Utilities (0.1%)
EQT Corp.		4,700		147,251
Nicor, Inc.		1,600		53,168
Questar Corp.		6,700		197,181
				397,600
Independent Power Producers & Energy Traders (0.1%)
AES Corp.*		23,900		138,859
Constellation Energy Group, Inc.		7,800		161,148
Dynegy, Inc., Class A*		28,500		40,185
Reliant Energy, Inc.*		45,045		143,694
				483,886
Multi-Utilities (0.8%)
Ameren Corp.		7,500		173,925
CenterPoint Energy, Inc.		13,500		140,805
CMS Energy Corp.^		33,875		401,080
Consolidated Edison, Inc.		10,400		411,944
Dominion Resources, Inc.		22,300		691,077
DTE Energy Co.		5,800		160,660
Integrys Energy Group, Inc.		3,400		88,536
NiSource, Inc.		17,800		174,440
PG&E Corp.		13,800		527,436
Public Service Enterprise Group, Inc.		19,300		568,771
SCANA Corp.		4,600		142,094
Sempra Energy		9,300		430,032
TECO Energy, Inc.		7,300		81,395
Wisconsin Energy Corp.		4,300		177,031
Xcel Energy, Inc.		17,500		326,025
				4,495,251
Total Utilities				16,443,544
Total Common Stocks (92.2%) (Cost $628,389,804)				507,782,447
CONVERTIBLE PREFERRED STOCK:
Financials (0.1%)
Diversified Financial Services (0.1%)
CIT Group, Inc.
8.750%		18,720		340,704
Total Convertible Preferred Stocks (0.1%) (Cost $936,000)				340,704
	Principal Amount		Value (Note 1)
LONG-TERM DEBT SECURITIES:
Convertible Bond (0.1%)
Energy (0.1%)
Oil, Gas & Consumable Fuels (0.1%)
Chesapeake Energy Corp.
2.750%, 11/15/35	$	188,000		141,940
2.250%, 12/15/38		1,314,000		676,710
Total Energy				818,650
Total Convertible Bonds				818,650
Corporate Bonds (1.5%)
Financials (1.5%)
Commercial Banks (0.2%)
Fifth Third Capital Trust IV
6.500%, 4/15/37 (l)		526,000		171,046
USB Capital IX
6.189%, 4/15/49 (l)		2,886,000		1,139,970
				1,311,016
Diversified Financial Services (1.3%)
CIT Group, Inc.
5.000%, 2/13/14		322,900		185,111
5.000%, 2/1/15		470,900		286,707
5.400%, 1/30/16		930,400		557,648
5.850%, 9/15/16		258,200		146,036
General Electric Capital Corp.
6.375%, 11/15/67 (l)		3,277,000		1,591,252

93

AXA PREMIER VIP TRUST

MULTIMANAGER LARGE CAP CORE EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Principal Amount		Value (Note 1)
Goldman Sachs Capital II
5.793%, 12/29/49 (l)	$	4,355,000	$	1,813,165
Goldman Sachs Capital III
2.031%, 9/29/49 (l)		1,402,000		441,630
JPMorgan Chase Capital XXI
2.120%, 2/2/37 (l)		1,438,000		554,362
JPMorgan Chase Capital XXIII
2.238%, 5/15/47 (l)		3,999,000		1,636,275
				7,212,186
Total Financials				8,523,202
Total Long-Term Debt Securities (1.6%) (Cost $8,988,684)				9,341,852
SHORT-TERM INVESTMENTS:
Government Securities (2.7%)
Federal Home Loan Bank
0.01%, 4/1/09 (o)(p)		12,500,000		12,499,997
U.S. Treasury Bills
0.18%, 6/11/09 #(p)		2,635,000		2,634,054
Total Government Securities				15,134,051
Short-Term Investments of Cash Collateral for Securities Loaned (5.9%)
Banco de Sabadell S.A.
1.17%, 4/23/09 (l)		1,580,000		1,580,000
BBVA Senior Finance S.A.
1.38%, 3/12/10 (l)		1,170,000		1,149,173
Deutsche Bank Securities, Inc., Repurchase Agreement
0.25%, 4/1/09 (r)(u)		17,576,516		17,576,516
General Electric Capital Corp.
0.40%, 3/12/10 (l)		210,000		198,500
K2 (USA) LLC
0.37%, 5/29/09 (l)		2,119,854		2,119,854
0.37%, 6/18/09 (l)		2,649,804		2,640,951
Lehman Brothers Holdings, Inc.
0.00%, 8/21/09 (h)(s)		1,319,991		158,399
Links Finance LLC
0.37%, 6/25/09 (l)		789,950		786,540
Monumental Global Funding II
0.43%, 5/26/10 (l)		2,490,000		2,116,500
Morgan Stanley
0.46%, 5/7/09 (l)		2,650,000		2,650,000
Pricoa Global Funding I
0.40%, 6/25/10 (l)		1,589,801		1,434,975
Total Short-Term Investments of Cash Collateral for Securities Loaned				32,411,408
Time Deposit (3.7%)
JPMorgan Chase Nassau
0.004%, 4/1/09		20,453,456		20,453,456
Total Short-Term Investments (12.3%) (Cost/Amortized Cost $69,733,163)				67,998,915
Total Investments (106.2%) (Cost/Amortized Cost $708,047,651)				585,463,918
Other Assets Less Liabilities (-6.2%)				(34,010,547	)
Net Assets (100%)			$	551,453,371

* Non-income producing.

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

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

(h) Security in default.

(l) Floating Rate Security. Rate disclosed is as of March 31, 2009.

(o) Discount Note Security. Effective rate calculated as of March 31, 2009.

(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.

(s) Issuer in bankruptcy.

(u) Represents the Portfolio’s undivided interest in a joint repurchase agreement. The repurchase agreement was fully collateralized by U.S. government agency securities at the date of this Portfolio of Investments as follows: Federal Home Loan Mortgage Corp., 0.000% – 7.500%, maturing 1/15/15 – 6/15/38; Federal National Mortgage Association, 5.000% – 7.000%, maturing 10/1/36 – 12/1/38.

Glossary:

ADR — American Depositary Receipt

94

AXA PREMIER VIP TRUST

MULTIMANAGER LARGE CAP CORE EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

At March 31, 2009 the Portfolio had the following futures contracts open: (Note 1)

Purchase	Number of Contracts	Expiration Date	Original Value		Value at 3/31/2009		Unrealized Appreciation
S&P 500 E-Mini Index	267	June-09	$	9,991,245	$	10,610,580	$	619,335

Various inputs are used in determining the value of the Portfolio’s investments. These inputs are summarized in the three broad levels listed below:

• Level 1 - Quoted prices in active markets for identical securities

• Level 2 - Significant other observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)

• Level 3 - Significant unobservable inputs (including the Portfolio’s own assumptions in determining the fair value of investments)

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, money market securities are valued using amortized cost, in accordance with rules under the Investment Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active market, such securities are reflected as Level 2.

The following is a summary of the inputs used to value the Portfolio’s net assets as of March 31, 2009:

Description	Quoted Prices in Active Markets for Identical Securities (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Assets
Investments in Securities	$	503,690,084	$	81,773,834	$	—	$	585,463,918
Other Investments*		619,335		—		—		619,335
Total	$	504,309,419	$	81,773,834	$	—	$	586,083,253
Liabilities
Investments in Securities	$	—	$	—	$	—	$	—
Other Investments*		—		—		—		—
Total	$	—	$	—	$	—	$	—

* Other investments are derivative instruments, such as futures, forwards and written options, which are valued at the unrealized appreciation/depreciation on the instrument.

Investment security transactions for the three months ended March 31, 2009 were as follows:

Cost of Purchases:
Stocks and long-term corporate debt securities	$	373,744,173
Net Proceeds of Sales and Redemptions:
Stocks and long-term corporate debt securities	$	556,401,064
As of March 31, 2009, 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	$	10,115,198
Aggregate gross unrealized depreciation		(132,698,931	)
Net unrealized depreciation	$	(122,583,733	)
Federal income tax cost of investments	$	708,047,651

At March 31, 2009, the Portfolio had loaned securities with a total value of $33,737,175. This was secured by collateral of $34,145,917, which was received as cash and subsequently invested in short-term investments currently valued at $32,411,408, as reported in the portfolio of investments. Additionally, uninvested cash received as collateral on loaned securities was held in an interest bearing account in the amount of $111, which the Portfolio cannot repledge and accordingly is not reflected in the Portfolio’s assets and liabilities.

For the three months ended March 31, 2009, the Portfolio incurred approximately $58 as brokerage commissions with Williams Capital Group, an affiliated broker/dealer.

The Portfolio has a net capital loss carryforward of $105,713,400, which expires in the year 2016.

See Notes to Portfolio of Investments.

95

AXA PREMIER VIP TRUST

MULTIMANAGER LARGE CAP GROWTH PORTFOLIO

PORTFOLIO OF INVESTMENTS

March 31, 2009 (Unaudited)

	Number of Shares	Value (Note 1)
COMMON STOCKS:
Consumer Discretionary (12.1%)
Auto Components (0.1%)
BorgWarner, Inc.	2,400	$	48,720
Gentex Corp.	3,200		31,872
Goodyear Tire & Rubber Co.*	3,500		21,910
Johnson Controls, Inc.	2,100		25,200
WABCO Holdings, Inc.	1,500		18,465
			146,167
Automobiles (0.0%)
Harley-Davidson, Inc.	4,800		64,272
Thor Industries, Inc.	200		3,124
			67,396
Distributors (0.0%)
LKQ Corp.*	3,000		42,810
Diversified Consumer Services (2.0%)
Apollo Group, Inc., Class A*	12,318		964,869
Brink’s Home Security Holdings, Inc.*	900		20,340
DeVry, Inc.	1,400		67,452
H&R Block, Inc.	7,500		136,425
Hillenbrand, Inc.	1,500		24,015
ITT Educational Services, Inc.*^	21,500		2,610,530
Strayer Education, Inc.	340		61,156
Weight Watchers International, Inc.	700		12,985
			3,897,772
Hotels, Restaurants & Leisure (1.6%)
Boyd Gaming Corp.	200		746
Brinker International, Inc.	2,400		36,240
Burger King Holdings, Inc.	1,900		43,605
Carnival Corp.	2,100		45,360
Chipotle Mexican Grill, Inc., Class A*	800		53,104
Choice Hotels International, Inc.	200		5,164
Darden Restaurants, Inc.	3,200		109,632
International Game Technology	15,640		144,201
Interval Leisure Group, Inc.*	100		530
Las Vegas Sands Corp.*	3,700		11,137
Marriott International, Inc., Class A^	24,360		398,530
McDonald’s Corp.	23,755		1,296,310
MGM MIRAGE*	2,600		6,058
Orient-Express Hotels Ltd., Class A	1,000		4,100
Panera Bread Co., Class A*	600		33,540
Penn National Gaming, Inc.*	1,500		36,225
Scientific Games Corp., Class A*	1,500		18,165
Starbucks Corp.*	16,600		184,426
Starwood Hotels & Resorts Worldwide, Inc.	4,200		53,340
Tim Hortons, Inc.	4,200		106,554
Wynn Resorts Ltd.*	1,300		25,961
Yum! Brands, Inc.	16,444		451,881
			3,064,809
Household Durables (0.0%)
Garmin Ltd.	2,700		57,267
Harman International Industries, Inc.	1,000		13,530
NVR, Inc.*	12		5,133
Pulte Homes, Inc.	1,200		13,116
			89,046
Internet & Catalog Retail (3.6%)
Amazon.com, Inc.*	58,703		4,311,147
Expedia, Inc.*^	12,440		112,955
HSN, Inc.*	100		514
Netflix, Inc.*^	58,200		2,497,944
priceline.com, Inc.*	965		76,023
Ticketmaster Entertainment, Inc.*	100		369
			6,998,952
Leisure Equipment & Products (0.0%)
Hasbro, Inc.	1,200		30,084
Media (1.0%)
Central European Media Enterprises Ltd., Class A*	800		9,168
Clear Channel Outdoor Holdings, Inc., Class A*	700		2,569
Comcast Corp., Class A	19,109		260,647
CTC Media, Inc.*	1,200		5,472
DIRECTV Group, Inc.*	12,737		290,276
DISH Network Corp., Class A*	4,600		51,106
DreamWorks Animation SKG, Inc., Class A*	1,900		41,116
Interpublic Group of Cos., Inc.*	9,200		37,904
John Wiley & Sons, Inc., Class A	900		26,802
Lamar Advertising Co., Class A*	1,800		17,550
Liberty Global, Inc., Class A*	3,100		45,136
Liberty Media Corp., Entertainment Series, Class A*	11,900		237,405
McGraw-Hill Cos., Inc.	3,600		82,332
Morningstar, Inc.*	400		13,660
News Corp., Class A	21,100		139,682
Omnicom Group, Inc.	6,800		159,120
Sirius XM Radio, Inc.*	80,200		28,070
Time Warner Cable, Inc.	4,103		101,762
Time Warner, Inc.	3,000		57,900
Viacom, Inc., Class B*	12,276		213,357
Walt Disney Co.	5,000		90,800
Warner Music Group Corp.*	300		705
			1,912,539
Multiline Retail (1.0%)
Big Lots, Inc.*	1,900		39,482
Dollar Tree, Inc.*	2,100		93,555
Family Dollar Stores, Inc.	300		10,011
Kohl’s Corp.*	10,860		459,595
Nordstrom, Inc.	4,100		68,675
Target Corp.	38,227		1,314,627
			1,985,945
Specialty Retail (2.4%)
Abercrombie & Fitch Co., Class A	2,000		47,600
Advance Auto Parts, Inc.	2,200		90,376
Aeropostale, Inc.*^	69,600		1,848,576
American Eagle Outfitters, Inc.	2,700		33,048
AnnTaylor Stores Corp.*	500		2,600
AutoZone, Inc.*	800		130,096
Bed Bath & Beyond, Inc.*^	13,840		342,540
Best Buy Co., Inc.	7,700		292,292
CarMax, Inc.*	5,000		62,200
Dick’s Sporting Goods, Inc.*	2,000		28,540
GameStop Corp., Class A*	3,700		103,674
Gap, Inc.	5,500		71,445
Guess?, Inc.	1,400		29,512
Home Depot, Inc.^	27,300		643,188
Limited Brands, Inc.	4,000		34,800
Lowe’s Cos., Inc.	1,700		31,025
O’Reilly Automotive, Inc.*	1,100		38,511
PetSmart, Inc.	2,900		60,784
Ross Stores, Inc.	3,000		107,640
Sherwin-Williams Co.	2,300		119,531
Staples, Inc.	13,800		249,918
Tiffany & Co.	2,800		60,368
TJX Cos., Inc.	9,800		251,272

96

AXA PREMIER VIP TRUST

MULTIMANAGER LARGE CAP GROWTH PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Number of Shares	Value (Note 1)
Urban Outfitters, Inc.*	2,600	$	42,562
Williams-Sonoma, Inc.	300		3,024
			4,725,122
Textiles, Apparel & Luxury Goods (0.4%)
Coach, Inc.*	7,400		123,580
Hanesbrands, Inc.*	2,200		21,054
NIKE, Inc., Class B	9,938		465,993
Phillips-Van Heusen Corp.	1,000		22,680
Polo Ralph Lauren Corp.	1,300		54,925
			688,232
Total Consumer Discretionary			23,648,874
Consumer Staples (9.0%)
Beverages (1.8%)
Brown-Forman Corp., Class B	1,800		69,894
Central European Distribution Corp.*	900		9,684
Coca-Cola Co.	37,783		1,660,563
Hansen Natural Corp.*	1,700		61,200
PepsiCo, Inc.	34,379		1,769,831
			3,571,172
Food & Staples Retailing (3.4%)
Costco Wholesale Corp.	10,079		466,859
CVS Caremark Corp.	60,909		1,674,388
Kroger Co.	6,700		142,174
SYSCO Corp.	13,998		319,154
Walgreen Co.	21,276		552,325
Wal-Mart Stores, Inc.^	68,736		3,581,146
Whole Foods Market, Inc.	3,200		53,760
			6,789,806
Food Products (1.1%)
Bunge Ltd.^	15,350		869,578
Campbell Soup Co.	2,400		65,664
Dean Foods Co.*	2,500		45,200
General Mills, Inc.	700		34,916
H.J. Heinz Co.	4,000		132,240
Hershey Co.	1,800		62,550
JM Smucker Co.	500		18,635
Kellogg Co.	3,300		120,879
McCormick & Co., Inc. (Non-Voting)	1,000		29,570
Nestle S.A. (Registered) (ADR)	25,000		838,750
Tyson Foods, Inc., Class A	800		7,512
			2,225,494
Household Products (1.2%)
Church & Dwight Co., Inc.	1,600		83,568
Clorox Co.	1,000		51,480
Colgate-Palmolive Co.	11,798		695,846
Energizer Holdings, Inc.*	1,300		64,597
Kimberly-Clark Corp.	4,026		185,639
Procter & Gamble Co.	25,750		1,212,567
			2,293,697
Personal Products (0.2%)
Alberto-Culver Co.	300		6,783
Avon Products, Inc.	9,800		188,454
Bare Escentuals, Inc.*	1,400		5,740
Estee Lauder Cos., Inc., Class A	2,300		56,695
Herbalife Ltd.	1,500		22,470
Mead Johnson Nutrition Co., Class A*	400		11,548
NBTY, Inc.*	600		8,448
			300,138
Tobacco (1.3%)
Altria Group, Inc.	36,407		583,240
Lorillard, Inc.	2,100		129,654
Philip Morris International, Inc.	48,719		1,733,422
			2,446,316
Total Consumer Staples			17,626,623
Energy (6.1%)
Energy Equipment & Services (2.7%)
Atwood Oceanics, Inc.*	1,300		21,567
Baker Hughes, Inc.	7,100		202,705
Cameron International Corp.*	4,900		107,457
Diamond Offshore Drilling, Inc.	1,600		100,576
Dresser-Rand Group, Inc.*	2,000		44,200
ENSCO International, Inc.	3,186		84,110
FMC Technologies, Inc.*	2,900		90,973
Global Industries Ltd.*	1,700		6,528
Halliburton Co.	56,673		876,731
Helix Energy Solutions Group, Inc.*	200		1,028
IHS, Inc., Class A*	1,000		41,180
Key Energy Services, Inc.*	500		1,440
Nabors Industries Ltd.*	900		8,991
National Oilwell Varco, Inc.*	38,628		1,109,010
Oceaneering International, Inc.*	1,300		47,931
Oil States International, Inc.*	800		10,736
Patterson-UTI Energy, Inc.	2,200		19,712
Pride International, Inc.*	2,700		48,546
Rowan Cos., Inc.	900		10,773
Schlumberger Ltd.	36,304		1,474,669
SEACOR Holdings, Inc.*	100		5,831
Smith International, Inc.	4,900		105,252
Superior Energy Services, Inc.*	1,900		24,491
TETRA Technologies, Inc.*	1,700		5,525
Tidewater, Inc.	100		3,713
Unit Corp.*	800		16,736
Weatherford International Ltd.*	69,400		768,258
			5,238,669
Oil, Gas & Consumable Fuels (3.4%)
Alpha Natural Resources, Inc.*	1,600		28,400
Arch Coal, Inc.	3,300		44,121
Cabot Oil & Gas Corp.	1,100		25,927
Chesapeake Energy Corp.	5,726		97,686
CNX Gas Corp.*	600		14,226
Consol Energy, Inc.	4,200		106,008
Continental Resources, Inc.*	700		14,847
Denbury Resources, Inc.*	5,600		83,216
El Paso Corp.	3,400		21,250
Encore Acquisition Co.*	300		6,981
EOG Resources, Inc.	8,300		454,508
Exxon Mobil Corp.	21,255		1,447,466
Foundation Coal Holdings, Inc.	1,100		15,785
Frontier Oil Corp.	2,400		30,696
Frontline Ltd.	1,100		19,129
Hess Corp.	6,547		354,847
Holly Corp.	1,000		21,200
Mariner Energy, Inc.*	1,500		11,625
Massey Energy Co.	2,000		20,240
Murphy Oil Corp.	4,400		196,988
Noble Energy, Inc.	300		16,164
Occidental Petroleum Corp.	37,148		2,067,286
Patriot Coal Corp.*	1,800		6,678
Peabody Energy Corp.	6,200		155,248
Petrohawk Energy Corp.*	5,400		103,842
Petroleo Brasileiro S.A. (Preference) (ADR)	7,200		176,400
Plains Exploration & Production Co.*	2,300		39,629
Quicksilver Resources, Inc.*	2,500		13,850
Range Resources Corp.	3,620		148,999

97

AXA PREMIER VIP TRUST

MULTIMANAGER LARGE CAP GROWTH PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Number of Shares	Value (Note 1)
SandRidge Energy, Inc.*	2,400	$	15,816
Southwestern Energy Co.*	7,900		234,551
St. Mary Land & Exploration Co.	600		7,938
Suncor Energy, Inc.	18,330		407,109
Sunoco, Inc.	1,600		42,368
Tesoro Corp.	900		12,123
W&T Offshore, Inc.	700		4,305
Walter Industries, Inc.	1,300		29,731
Whiting Petroleum Corp.*	1,240		32,054
Williams Cos., Inc.	13,400		152,492
XTO Energy, Inc.	1,400		42,868
			6,724,597
Total Energy			11,963,266
Financials (3.3%)
Capital Markets (1.7%)
Affiliated Managers Group, Inc.*	1,000		41,710
BlackRock, Inc.	300		39,012
Charles Schwab Corp.	67,365		1,044,158
E*TRADE Financial Corp.*	1,700		2,176
Eaton Vance Corp.	2,400		54,840
Federated Investors, Inc., Class B	2,000		44,520
Franklin Resources, Inc.	4,880		262,886
GLG Partners, Inc.	1,100		3,124
Goldman Sachs Group, Inc.	3,920		415,598
Invesco Ltd.	1,100		15,246
Investment Technology Group, Inc.*	900		22,968
Janus Capital Group, Inc.	3,400		22,610
Lazard Ltd., Class A	1,800		52,920
MF Global Ltd.*	1,000		4,230
Morgan Stanley	5,540		126,146
Northern Trust Corp.	4,600		275,172
SEI Investments Co.	3,000		36,630
State Street Corp.	9,080		279,482
T. Rowe Price Group, Inc.	6,000		173,160
TD Ameritrade Holding Corp.*	5,600		77,336
Waddell & Reed Financial, Inc., Class A	2,000		36,140
			3,030,064
Commercial Banks (0.0%)
Wells Fargo & Co.	5,600		79,744
Consumer Finance (0.2%)
American Express Co.	24,725		337,002
SLM Corp.*	9,400		46,530
			383,532
Diversified Financial Services (1.1%)
CME Group, Inc.	1,100		271,029
IntercontinentalExchange, Inc.*	1,600		119,152
JPMorgan Chase & Co.	5,900		156,822
MSCI, Inc., Class A*	1,000		16,910
NASDAQ OMX Group, Inc.*^	74,900		1,466,542
NYSE Euronext, Inc.	3,600		64,440
			2,094,895
Insurance (0.1%)
Aflac, Inc.	10,900		211,024
Axis Capital Holdings Ltd.	800		18,032
Brown & Brown, Inc.	600		11,346
Erie Indemnity Co., Class A	100		3,418
Prudential Financial, Inc.	1,700		32,334
Transatlantic Holdings, Inc.	200		7,134
W.R. Berkley Corp.	200		4,510
			287,798
Real Estate Investment Trusts (REITs) (0.2%)
Apartment Investment & Management Co. (REIT), Class A	600		3,288
Camden Property Trust (REIT)	800		17,264
Digital Realty Trust, Inc. (REIT)	1,254		41,608
Essex Property Trust, Inc. (REIT)	100		5,734
Federal Realty Investment Trust (REIT)	400		18,400
General Growth Properties, Inc. (REIT)	2,700		1,917
HCP, Inc. (REIT)	700		12,495
Health Care REIT, Inc. (REIT)	300		9,177
Kilroy Realty Corp. (REIT)	100		1,719
Macerich Co. (REIT)	1,700		10,642
Nationwide Health Properties, Inc. (REIT)	200		4,438
Plum Creek Timber Co., Inc. (REIT)	1,300		37,791
Rayonier, Inc. (REIT)	200		6,044
Simon Property Group, Inc. (REIT)	5,140		178,049
Taubman Centers, Inc. (REIT)	1,200		20,448
Ventas, Inc. (REIT)	500		11,305
			380,319
Real Estate Management & Development (0.0%)
CB Richard Ellis Group, Inc., Class A*	1,800		7,254
Forest City Enterprises, Inc., Class A	1,700		6,120
St. Joe Co.*	1,800		30,132
			43,506
Thrifts & Mortgage Finance (0.0%)
Capitol Federal Financial	200		7,562
Freddie Mac	13,500		10,260
Hudson City Bancorp, Inc.	4,100		47,929
			65,751
Total Financials			6,365,609
Health Care (20.0%)
Biotechnology (6.2%)
Abraxis Bioscience, Inc.*	200		9,536
Amgen, Inc.*	2,300		113,896
Amylin Pharmaceuticals, Inc.*	3,100		36,425
Biogen Idec, Inc.*	34,775		1,822,906
BioMarin Pharmaceutical, Inc.*	2,300		28,405
Celgene Corp.*	35,623		1,581,661
Cephalon, Inc.*^	38,178		2,599,921
Genzyme Corp.*	6,227		369,822
Gilead Sciences, Inc.*	53,766		2,490,441
Myriad Genetics, Inc.*	59,510		2,705,919
Vertex Pharmaceuticals, Inc.*	3,700		106,301
			11,865,233
Health Care Equipment & Supplies (3.5%)
Baxter International, Inc.	17,474		895,018
Beckman Coulter, Inc.	1,200		61,212
Becton, Dickinson & Co.	5,684		382,192
Boston Scientific Corp.*	2,300		18,285
C.R. Bard, Inc.	2,300		183,356
Covidien Ltd.	24,500		814,380
DENTSPLY International, Inc.	3,400		91,290
Edwards Lifesciences Corp.*	1,300		78,819
Gen-Probe, Inc.*	1,300		59,254
Hill-Rom Holdings, Inc.	200		1,978
Hologic, Inc.*	2,900		37,961
Hospira, Inc.*	500		15,430
Idexx Laboratories, Inc.*	1,400		48,412

98

AXA PREMIER VIP TRUST

MULTIMANAGER LARGE CAP GROWTH PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Number of Shares	Value (Note 1)
Intuitive Surgical, Inc.*	1,400	$	133,504
Inverness Medical Innovations, Inc.*	900		23,967
Kinetic Concepts, Inc.*	1,300		27,456
Medtronic, Inc.	26,087		768,784
ResMed, Inc.*	1,800		63,612
St. Jude Medical, Inc.*	7,800		283,374
Stryker Corp.	11,060		376,482
Thoratec Corp.*	87,910		2,258,409
Varian Medical Systems, Inc.*	2,900		88,276
Zimmer Holdings, Inc.*	3,600		131,400
			6,842,851
Health Care Providers & Services (2.1%)
Aetna, Inc.	6,600		160,578
AmerisourceBergen Corp.	500		16,330
Cardinal Health, Inc.	6,200		195,176
CIGNA Corp.	900		15,831
Community Health Systems, Inc.*	500		7,670
Coventry Health Care, Inc.*	700		9,058
DaVita, Inc.*	2,000		87,900
Express Scripts, Inc.*	4,918		227,064
Health Management Associates, Inc., Class A*	3,600		9,288
Health Net, Inc.*	100		1,448
Henry Schein, Inc.*	1,900		76,019
Humana, Inc.*	2,200		57,376
Laboratory Corp. of America Holdings*	2,612		152,776
Lincare Holdings, Inc.*	1,600		34,880
McKesson Corp.	45,940		1,609,737
Medco Health Solutions, Inc.*	23,587		975,087
MEDNAX, Inc.*	900		26,523
Omnicare, Inc.	200		4,898
Patterson Cos., Inc.*	2,700		50,922
Quest Diagnostics, Inc.	3,000		142,440
Tenet Healthcare Corp.*	6,200		7,192
UnitedHealth Group, Inc.	10,400		217,672
VCA Antech, Inc.*	2,000		45,100
WellCare Health Plans, Inc.*	1,000		11,250
WellPoint, Inc.*	1,173		44,539
			4,186,754
Health Care Technology (0.0%)
Cerner Corp.*	1,600		70,352
HLTH Corp.*	700		7,245
IMS Health, Inc.	900		11,223
			88,820
Life Sciences Tools & Services (3.5%)
Charles River Laboratories International, Inc.*	700		19,047
Covance, Inc.*	1,500		53,445
Illumina, Inc.*^	98,050		3,651,382
Life Technologies Corp.*	50,300		1,633,744
Millipore Corp.*	1,300		74,633
PerkinElmer, Inc.	1,200		15,324
Pharmaceutical Product Development, Inc.	2,500		59,300
Techne Corp.	900		49,239
Thermo Fisher Scientific, Inc.*	34,050		1,214,564
Waters Corp.*	2,300		84,985
			6,855,663
Pharmaceuticals (4.7%)
Abbott Laboratories, Inc.	35,597		1,697,977
Allergan, Inc.	13,887		663,243
Bristol-Myers Squibb Co.	91,666		2,009,318
Elan Corp. plc (ADR)*^	91,150		605,236
Eli Lilly & Co.	2,200		73,502
Endo Pharmaceuticals Holdings, Inc.*	2,500		44,200
Forest Laboratories, Inc.*	600		13,176
Johnson & Johnson	17,109		899,933
Merck & Co., Inc.	14,294		382,365
Mylan, Inc.*	1,300		17,433
Perrigo Co.	1,800		44,694
Schering-Plough Corp.	37,345		879,475
Sepracor, Inc.*	2,500		36,650
Warner Chilcott Ltd., Class A*	2,100		22,092
Watson Pharmaceuticals, Inc.*	1,200		37,332
Wyeth	37,815		1,627,558
			9,054,184
Total Health Care			38,893,505
Industrials (9.9%)
Aerospace & Defense (1.6%)
Alliant Techsystems, Inc.*	300		20,094
BE Aerospace, Inc.*	2,100		18,207
Boeing Co.	17,462		621,298
Goodrich Corp.	2,900		109,881
Honeywell International, Inc.	17,247		480,501
L-3 Communications Holdings, Inc.	2,200		149,160
Lockheed Martin Corp.	9,767		674,216
Northrop Grumman Corp.	2,000		87,280
Precision Castparts Corp.	3,200		191,680
Raytheon Co.	3,300		128,502
Rockwell Collins, Inc.	3,700		120,768
United Technologies Corp.	12,896		554,270
			3,155,857
Air Freight & Logistics (0.8%)
C.H. Robinson Worldwide, Inc.	3,900		177,879
Expeditors International of Washington, Inc.	11,860		335,519
United Parcel Service, Inc., Class B	19,067		938,478
UTi Worldwide, Inc.	2,100		25,095
			1,476,971
Airlines (0.0%)
AMR Corp.*	3,200		10,208
Copa Holdings S.A., Class A	500		14,335
Delta Air Lines, Inc.*	3,300		18,579
			43,122
Building Products (0.0%)
Lennox International, Inc.	1,100		29,106
USG Corp.*	900		6,849
			35,955
Commercial Services & Supplies (0.3%)
Brink’s Co.	900		23,814
Copart, Inc.*	1,500		44,490
Corrections Corp. of America*	2,600		33,306
Covanta Holding Corp.*	2,700		35,343
Iron Mountain, Inc.*	4,100		90,897
Pitney Bowes, Inc.	4,300		100,405
Republic Services, Inc.	3,200		54,880
Stericycle, Inc.*	2,000		95,460
Waste Management, Inc.	3,300		84,480
			563,075
Construction & Engineering (0.8%)
Aecom Technology Corp.*	2,100		54,768
Fluor Corp.	6,000		207,300
Foster Wheeler AG*	28,150		491,781
Jacobs Engineering Group, Inc.*^	14,500		560,570
KBR, Inc.	3,100		42,811
Quanta Services, Inc.*	3,500		75,075
Shaw Group, Inc.*	1,900		52,079

99

AXA PREMIER VIP TRUST

MULTIMANAGER LARGE CAP GROWTH PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Number of Shares	Value (Note 1)
URS Corp.*	400	$	16,164
			1,500,548
Electrical Equipment (2.5%)
AMETEK, Inc.	2,500		78,175
Cooper Industries Ltd., Class A	3,000		77,580
Emerson Electric Co.	18,157		518,927
First Solar, Inc.*^	28,499		3,781,816
General Cable Corp.*	1,200		23,784
Hubbell, Inc., Class B	600		16,176
Rockwell Automation, Inc.	3,300		72,072
Roper Industries, Inc.	2,100		89,145
SunPower Corp., Class A*	1,900		45,182
SunPower Corp., Class B*	3,720		73,656
			4,776,513
Industrial Conglomerates (0.5%)
3M Co.	16,357		813,270
Carlisle Cos., Inc.	200		3,926
McDermott International, Inc.*	5,200		69,628
Textron, Inc.	5,700		32,718
			919,542
Machinery (2.2%)
AGCO Corp.*	1,500		29,400
Bucyrus International, Inc.	1,700		25,806
Caterpillar, Inc.	14,319		400,359
Cummins, Inc.	4,600		117,070
Danaher Corp.	29,120		1,578,887
Deere & Co.	9,900		325,413
Donaldson Co., Inc.	1,800		48,312
Dover Corp.	3,800		100,244
Eaton Corp.	1,700		62,662
Flowserve Corp.	600		33,672
Graco, Inc.	1,400		23,898
Harsco Corp.	2,000		44,340
IDEX Corp.	1,700		37,179
Illinois Tool Works, Inc.	600		18,510
Ingersoll-Rand Co., Ltd., Class A	1,300		17,940
ITT Corp.	19,700		757,859
John Bean Technologies Corp.	600		6,276
Joy Global, Inc.	2,450		52,185
Kennametal, Inc.	400		6,484
Lincoln Electric Holdings, Inc.	700		22,183
Manitowoc Co., Inc.	2,900		9,483
Oshkosh Corp.	1,200		8,088
PACCAR, Inc.	8,400		216,384
Pall Corp.	2,800		57,204
Parker Hannifin Corp.	3,900		132,522
SPX Corp.	1,200		56,412
Timken Co.	100		1,396
Toro Co.	800		19,344
Valmont Industries, Inc.	400		20,084
			4,229,596
Marine (0.0%)
Kirby Corp.*	1,300		34,632
Professional Services (0.1%)
Corporate Executive Board Co.	800		11,600
Dun & Bradstreet Corp.	900		69,300
Equifax, Inc.	1,600		39,120
FTI Consulting, Inc.*	1,200		59,376
Manpower, Inc.	100		3,153
Monster Worldwide, Inc.*	2,700		22,005
Robert Half International, Inc.	3,200		57,056
			261,610
Road & Rail (1.0%)
Burlington Northern Santa Fe Corp.	6,554		394,223
Con-way, Inc.	200		3,586
CSX Corp.	9,300		240,405
Hertz Global Holdings, Inc.*	400		1,572
J.B. Hunt Transport Services, Inc.	1,900		45,809
Kansas City Southern*	1,700		21,607
Landstar System, Inc.	1,200		40,164
Norfolk Southern Corp.	23,050		777,938
Ryder System, Inc.	400		11,324
Union Pacific Corp.	12,020		494,142
			2,030,770
Trading Companies & Distributors (0.1%)
Fastenal Co.	2,900		93,250
GATX Corp.	100		2,023
MSC Industrial Direct Co., Class A	1,000		31,070
W.W. Grainger, Inc.	1,800		126,324
WESCO International, Inc.*	700		12,684
			265,351
Total Industrials			19,293,542
Information Technology (32.3%)
Communications Equipment (6.2%)
Brocade Communications Systems, Inc.*	1,200		4,140
Ciena Corp.*	2,000		15,560
Cisco Systems, Inc.*	136,374		2,286,992
CommScope, Inc.*	1,600		18,176
Corning, Inc.	43,231		573,675
EchoStar Corp., Class A*	100		1,483
F5 Networks, Inc.*	1,900		39,805
Harris Corp.	3,100		89,714
JDS Uniphase Corp.*	2,600		8,450
Juniper Networks, Inc.*	47,800		719,868
QUALCOMM, Inc.	119,802		4,661,496
Research In Motion Ltd.*	45,440		1,957,101
Starent Networks Corp.*	102,400		1,618,944
			11,995,404
Computers & Peripherals (9.5%)
Apple, Inc.*	80,264		8,437,351
Dell, Inc.*	42,255		400,577
Diebold, Inc.	1,300		27,755
EMC Corp.*^	78,448		894,307
Hewlett-Packard Co.	78,529		2,517,640
International Business Machines Corp.^	42,026		4,071,899
NCR Corp.*	3,200		25,440
NetApp, Inc.*^	30,400		451,136
SanDisk Corp.*	1,000		12,650
Seagate Technology	5,400		32,454
Synaptics, Inc.*^	59,900		1,602,924
Teradata Corp.*	2,000		32,440
Western Digital Corp.*	5,000		96,700
			18,603,273
Electronic Equipment, Instruments & Components (0.3%)
Agilent Technologies, Inc.*	7,800		119,886
Amphenol Corp., Class A	4,000		113,960
Arrow Electronics, Inc.*	200		3,812
Avnet, Inc.*	1,500		26,265
AVX Corp.	100		908
Dolby Laboratories, Inc., Class A*	1,200		40,932
FLIR Systems, Inc.*	3,100		63,488
Itron, Inc.*	800		37,880

100

AXA PREMIER VIP TRUST

MULTIMANAGER LARGE CAP GROWTH PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Number of Shares	Value (Note 1)
Jabil Circuit, Inc.	2,300	$	12,788
Mettler-Toledo International, Inc.*	800		41,064
Molex, Inc.	900		12,366
National Instruments Corp.	1,300		24,245
Tech Data Corp.*	200		4,356
Trimble Navigation Ltd.*	2,700		41,256
			543,206
Internet Software & Services (3.1%)
Akamai Technologies, Inc.*	3,800		73,720
eBay, Inc.*	25,862		324,827
Equinix, Inc.*	800		44,920
Google, Inc., Class A*	12,302		4,281,834
IAC/InterActiveCorp*	300		4,569
Sohu.com, Inc.*	700		28,917
VeriSign, Inc.*	8,120		153,224
WebMD Health Corp., Class A*	200		4,460
Yahoo!, Inc.*	81,871		1,048,768
			5,965,239
IT Services (3.7%)
Accenture Ltd., Class A	26,258		721,832
Affiliated Computer Services, Inc., Class A*	600		28,734
Alliance Data Systems Corp.*	1,300		48,035
Automatic Data Processing, Inc.	12,065		424,205
Broadridge Financial Solutions, Inc.	3,200		59,552
Cognizant Technology Solutions Corp., Class A*	53,000		1,101,870
DST Systems, Inc.*	800		27,696
Fidelity National Information Services, Inc.	1,000		18,200
Fiserv, Inc.*	3,852		140,444
Genpact Ltd.*	1,300		11,518
Global Payments, Inc.	16,400		547,924
Hewitt Associates, Inc., Class A*	2,300		68,448
Lender Processing Services, Inc.	500		15,305
Mastercard, Inc., Class A	2,600		435,448
Metavante Technologies, Inc.*	2,100		41,916
NeuStar, Inc., Class A*	1,800		30,150
Paychex, Inc.	7,400		189,958
SAIC, Inc.*	800		14,936
Total System Services, Inc.	3,700		51,097
Unisys Corp.*	4,500		2,385
Visa, Inc., Class A^	53,708		2,986,166
Western Union Co.	16,900		212,433
			7,178,252
Office Electronics (0.0%)
Zebra Technologies Corp., Class A*	1,400		26,628
Semiconductors & Semiconductor Equipment (3.7%)
Advanced Micro Devices, Inc.*	1,800		5,490
Altera Corp.	6,900		121,095
Analog Devices, Inc.	36,600		705,282
Applied Materials, Inc.	31,538		339,034
ASML Holding N.V. (N.Y. Shares), Class G	13,780		241,288
Atmel Corp.*	6,500		23,595
Broadcom Corp., Class A*	26,880		537,062
Cree, Inc.*	900		21,177
Cypress Semiconductor Corp.*	3,400		23,018
Integrated Device Technology, Inc.*	1,800		8,190
Intel Corp.	114,189		1,718,544
International Rectifier Corp.*	400		5,404
Intersil Corp., Class A	1,000		11,500
KLA-Tencor Corp.	3,600		72,000
Lam Research Corp.*	2,600		59,202
Linear Technology Corp.	5,100		117,198
LSI Corp.*	11,000		33,440
Marvell Technology Group Ltd.*	47,140		431,802
MEMC Electronic Materials, Inc.*	5,200		85,748
Microchip Technology, Inc.	4,200		88,998
Micron Technology, Inc.*	2,200		8,932
National Semiconductor Corp.	5,200		53,404
Novellus Systems, Inc.*	700		11,641
NVIDIA Corp.*	12,700		125,222
ON Semiconductor Corp.*	9,300		36,270
Rambus, Inc.*	2,400		22,704
Silicon Laboratories, Inc.*	1,100		29,040
Teradyne, Inc.*	2,500		10,950
Texas Instruments, Inc.	30,764		507,914
Varian Semiconductor Equipment Associates, Inc.*	1,700		36,822
Xilinx, Inc.	94,040		1,801,807
			7,293,773
Software (5.8%)
Activision Blizzard, Inc.*	13,500		141,210
Adobe Systems, Inc.*	12,409		265,429
Amdocs Ltd.*	1,900		35,188
ANSYS, Inc.*	2,000		50,200
Autodesk, Inc.*	5,100		85,731
BMC Software, Inc.*	4,483		147,939
CA, Inc.	4,100		72,201
Citrix Systems, Inc.*	4,200		95,088
Compuware Corp.*	3,300		21,747
Electronic Arts, Inc.*	7,300		132,787
FactSet Research Systems, Inc.	1,000		49,990
Intuit, Inc.*	7,400		199,800
McAfee, Inc.*	3,100		103,850
Microsoft Corp.	255,903		4,700,938
Novell, Inc.*	3,600		15,336
Nuance Communications, Inc.*	4,500		48,870
Oracle Corp.*^	144,437		2,609,977
Red Hat, Inc.*	4,300		76,712
Salesforce.com, Inc.*	76,180		2,493,371
VMware, Inc., Class A*	1,000		23,620
			11,369,984
Total Information Technology			62,975,759
Materials (3.8%)
Chemicals (3.2%)
Air Products & Chemicals, Inc.^	14,414		810,788
Airgas, Inc.	1,900		64,239
Albemarle Corp.	2,100		45,717
Ashland, Inc.	100		1,033
Celanese Corp., Class A	2,800		37,436
CF Industries Holdings, Inc.	1,100		78,243
Ecolab, Inc.	4,000		138,920
FMC Corp.	700		30,198
Huntsman Corp.	400		1,252
International Flavors & Fragrances, Inc.	1,900		57,874
Intrepid Potash, Inc.*	500		9,225
Monsanto Co.	14,037		1,166,475
Mosaic Co.	16,100		675,878
Nalco Holding Co.	2,900		37,903
PPG Industries, Inc.	400		14,760
Praxair, Inc.^	28,763		1,935,462
Rohm & Haas Co.	2,600		204,984
Scotts Miracle-Gro Co., Class A	800		27,760
Sigma-Aldrich Corp.	1,500		56,685
Syngenta AG (ADR)	18,175		728,999

101

AXA PREMIER VIP TRUST

MULTIMANAGER LARGE CAP GROWTH PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Number of Shares		Value (Note 1)
Terra Industries, Inc.		2,400	$	67,416
Valhi, Inc.		100		938
				6,192,185
Construction Materials (0.0%)
Eagle Materials, Inc.		900		21,825
Martin Marietta Materials, Inc.		900		71,370
				93,195
Containers & Packaging (0.1%)
AptarGroup, Inc.		300		9,342
Ball Corp.		300		13,020
Crown Holdings, Inc.*		3,600		81,828
Greif, Inc., Class A		800		26,632
Owens-Illinois, Inc.*		1,100		15,884
Packaging Corp. of America		600		7,812
				154,518
Metals & Mining (0.5%)
AK Steel Holding Corp.		2,600		18,512
Alcoa, Inc.		17,100		125,514
Allegheny Technologies, Inc.		2,400		52,632
Carpenter Technology Corp.		100		1,412
Century Aluminum Co.*		400		844
Cliffs Natural Resources, Inc.		2,600		47,216
Newmont Mining Corp.		11,129		498,134
Nucor Corp.		1,600		61,072
Schnitzer Steel Industries, Inc., Class A		100		3,139
Southern Copper Corp.		5,000		87,100
Steel Dynamics, Inc.		1,000		8,810
Titanium Metals Corp.		400		2,188
United States Steel Corp.		2,600		54,938
				961,511
Total Materials				7,401,409
Telecommunication Services (0.9%)
Diversified Telecommunication Services (0.1%)
Embarq Corp.		1,700		64,345
Frontier Communications Corp.		1,700		12,206
Level 3 Communications, Inc.*		35,400		32,568
Qwest Communications International, Inc.		17,100		58,482
Windstream Corp.		5,100		41,106
				208,707
Wireless Telecommunication Services (0.8%)
American Tower Corp., Class A*		28,160		856,909
Clearwire Corp., Class A*		1,400		7,210
Crown Castle International Corp.*		12,900		263,289
Leap Wireless International, Inc.*		100		3,487
MetroPCS Communications, Inc.*		21,080		360,046
NII Holdings, Inc.*		3,800		57,000
SBA Communications Corp., Class A*		2,600		60,580
Telephone & Data Systems, Inc.		1,000		26,510
U.S. Cellular Corp.*		200		6,668
				1,641,699
Total Telecommunication Services				1,850,406
Utilities (1.0%)
Electric Utilities (0.5%)
Allegheny Energy, Inc.		3,900		90,363
DPL, Inc.		200		4,508
Entergy Corp.		3,100		211,079
Exelon Corp.		7,643		346,916
NV Energy, Inc.		1,400		13,146
PPL Corp.		8,709		250,035
				916,047
Gas Utilities (0.1%)
Energen Corp.		300		8,739
EQT Corp.		3,089		96,778
Questar Corp.		1,500		44,145
				149,662
Independent Power Producers & Energy Traders (0.2%)
AES Corp.*		15,300		88,893
Calpine Corp.*		8,000		54,480
Constellation Energy Group, Inc.		4,200		86,772
Mirant Corp.*		2,300		26,220
NRG Energy, Inc.*		12,440		218,944
				475,309
Multi-Utilities (0.2%)
CenterPoint Energy, Inc.		4,700		49,021
Public Service Enterprise Group, Inc.		11,848		349,161
				398,182
Total Utilities				1,939,200
Total Common Stocks (98.4%) (Cost $214,625,349)				191,958,193
	Principal Amount		Value (Note 1)
SHORT-TERM INVESTMENTS:
Government Securities (0.1%)
U.S. Treasury Bills
0.18%, 6/11/09 #(p)	$	225,000		224,919
Short-Term Investments of Cash Collateral for Securities Loaned (3.6%)
Banco de Sabadell S.A.
1.17%, 4/23/09 (l)		260,000		260,000
BBVA Senior Finance S.A.
1.38%, 3/12/10 (l)		180,000		176,796
Deutsche Bank Securities, Inc., Repurchase Agreement
0.25%, 4/1/09 (r)(u)		4,603,730		4,603,730
General Electric Capital Corp.
0.40%, 3/12/10 (l)		20,000		18,905
K2 (USA) LLC
0.37%, 5/29/09 (l)		349,976		349,976
0.37%, 6/18/09 (l)		419,969		418,566
Lehman Brothers Holdings, Inc.
0.00%, 8/21/09 (h)(s)		209,999		25,200
Links Finance LLC
0.37%, 6/25/09 (l)		139,991		139,387
Monumental Global Funding II
0.43%, 5/26/10 (l)		410,000		348,499
Morgan Stanley
0.46%, 5/7/09 (l)		420,000		420,000
Pricoa Global Funding I
0.40%, 6/25/10 (l)		269,966		243,675
Total Short-Term Investments of Cash Collateral for Securities Loaned				7,004,734
Time Deposit (1.6%)
JPMorgan Chase Nassau
0.004%, 4/1/09		3,065,387		3,065,387
Total Short-Term Investments (5.3%) (Cost/Amortized Cost $10,573,922)				10,295,040
Total Investments (103.7%) (Cost/Amortized Cost $225,199,271)				202,253,233
Other Assets Less Liabilities (-3.7%)				(7,302,981	)
Net Assets (100%)			$	194,950,252

102

AXA PREMIER VIP TRUST

MULTIMANAGER LARGE CAP GROWTH PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

* Non-income producing.

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

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

(h) Security in default.

(l) Floating Rate Security. Rate disclosed is as of March 31, 2009.

(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.

(s) Issuer in bankruptcy.

(u) Represents the Portfolio’s undivided interest in a joint repurchase agreement. The repurchase agreement was fully collateralized by U.S. government agency securities at the date of this Portfolio of Investments as follows: Federal Home Loan Mortgage Corp., 0.000% – 7.500%, maturing 1/15/15 – 6/15/38; Federal National Mortgage Association, 5.000% – 7.000%, maturing 10/1/36 – 12/1/38.

Glossary:

ADR — American Depositary Receipt

At March 31, 2009 the Portfolio had the following futures contracts open: (Note 1)

Purchases	Number of Contracts	Expiration Date	Original Value		Value at 3/31/2009		Unrealized Appreciation
NASDAQ 100 E-Mini Index	11	June-09	$	247,239	$	272,250	$	25,011
S&P 500 E-Mini Index	18	June-09		677,694		715,320		37,626
S&P MidCap 400 Index	1	June-09		216,129		243,950		27,821
							$	90,458

Various inputs are used in determining the value of the Portfolio’s investments. These inputs are summarized in the three broad levels listed below:

• Level 1 - Quoted prices in active markets for identical securities

• Level 2 - Significant other observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)

• Level 3 - Significant unobservable inputs (including the Portfolio’s own assumptions in determining the fair value of investments)

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, money market securities are valued using amortized cost, in accordance with rules under the Investment Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active market, such securities are reflected as Level 2.

The following is a summary of the inputs used to value the Portfolio’s net assets as of March 31, 2009:

Description	Quoted Prices in Active Markets for Identical Securities (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Assets
Investments in Securities	$	191,958,193	$	10,295,040	$	—	$	202,253,233
Other Investments*		90,458		—		—		90,458
Total	$	192,048,651	$	10,295,040	$	—	$	202,343,691
Liabilities
Investments in Securities	$	—	$	—	$	—	$	—
Other Investments*		—		—		—		—
Total	$	—	$	—	$	—	$	—

103

AXA PREMIER VIP TRUST

MULTIMANAGER LARGE CAP GROWTH PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

* Other investments are derivative instruments, such as futures, forwards and written options, which are valued at the unrealized appreciation/depreciation on the instrument.

Investment security transactions for the three months ended March 31, 2009 were as follows:

Cost of Purchases:
Stocks and long-term corporate debt securities	$	134,663,735
Net Proceeds of Sales and Redemptions:
Stocks and long-term corporate debt securities	$	137,295,417

As of March 31, 2009, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investments for Federal income tax purposes was as follows:

Aggregate gross unrealized appreciation	$	5,781,955
Aggregate gross unrealized depreciation		(46,327,157	)
Net unrealized depreciation	$	(40,545,202	)
Federal income tax cost of investments	$	242,798,435

At March 31, 2009, the Portfolio had loaned securities with a total value of $7,295,949. This was secured by collateral of $7,283,631, which was received as cash and subsequently invested in short-term investments currently valued at $7,004,734, as reported in the portfolio of investments.

For the three months ended March 31, 2009, the Portfolio incurred approximately $235 as brokerage commissions with Sanford C. Bernstein & Co., Inc., an affiliated broker/dealer.

The Portfolio has a net capital loss carryforward of $9,817,379, which expires in the year 2016.

See Notes to Portfolio of Investments.

104

AXA PREMIER VIP TRUST

MULTIMANAGER LARGE CAP VALUE PORTFOLIO

PORTFOLIO OF INVESTMENTS

March 31, 2009 (Unaudited)

	Number of Shares	Value (Note 1)
COMMON STOCKS:
Consumer Discretionary (9.1%)
Auto Components (0.3%)
Autoliv, Inc.^	42,850	$	795,725
BorgWarner, Inc.	2,700		54,810
Federal Mogul Corp.*	4,200		28,056
Goodyear Tire & Rubber Co.*	11,100		69,486
Johnson Controls, Inc.^	137,330		1,647,960
Magna International, Inc., Class A	24,500		655,375
TRW Automotive Holdings Corp.*^	22,750		73,255
			3,324,667
Automobiles (0.1%)
Ford Motor Co.*	340,900		896,567
General Motors Corp.	80,200		155,588
Harley-Davidson, Inc.	4,800		64,272
Thor Industries, Inc.	4,600		71,852
			1,188,279
Distributors (0.1%)
Genuine Parts Co.	24,100		719,626
Diversified Consumer Services (0.0%)
Career Education Corp.*	13,800		330,648
Service Corp. International	37,200		129,828
Weight Watchers International, Inc.	1,000		18,550
			479,026
Hotels, Restaurants & Leisure (0.3%)
Boyd Gaming Corp.	9,100		33,943
Carnival Corp.	52,400		1,131,840
Choice Hotels International, Inc.	3,600		92,952
International Speedway Corp., Class A	4,300		94,858
Interval Leisure Group, Inc.*	5,900		31,270
McDonald’s Corp.	15,900		867,663
MGM MIRAGE*	1,300		3,029
Orient-Express Hotels Ltd., Class A	1,200		4,920
Royal Caribbean Cruises Ltd.^	124,030		993,480
Wyndham Worldwide Corp.	23,600		99,120
			3,353,075
Household Durables (0.4%)
Black & Decker Corp.	8,700		274,572
Centex Corp.	17,700		132,750
D.R. Horton, Inc.	46,700		452,990
Fortune Brands, Inc.	22,500		552,375
Harman International Industries, Inc.	2,700		36,531
Jarden Corp.*	9,600		121,632
KB Home	10,700		141,026
Leggett & Platt, Inc.	23,100		300,069
Lennar Corp., Class A	20,800		156,208
M.D.C. Holdings, Inc.	5,100		158,814
Mohawk Industries, Inc.*	8,500		253,895
Newell Rubbermaid, Inc.	43,700		278,806
NVR, Inc.*	600		256,650
Pulte Homes, Inc.	23,300		254,669
Snap-On, Inc.	9,100		228,410
Stanley Works	12,100		352,352
Toll Brothers, Inc.*	20,100		365,016
Whirlpool Corp.	11,000		325,490
			4,642,255
Internet & Catalog Retail (0.1%)
Expedia, Inc.*	29,600		268,768
HSN, Inc.*	5,900		30,326
Liberty Media Corp., Interactive, Class A*	86,200		249,980
Ticketmaster Entertainment, Inc.*	5,900		21,771
			570,845
Leisure Equipment & Products (0.2%)
Eastman Kodak Co.	38,800		147,440
Hasbro, Inc.	36,850		923,830
Mattel, Inc.	54,900		632,997
			1,704,267
Media (3.5%)
Ascent Media Corp., Class A*	2,600		65,000
Cablevision Systems Corp. - New York Group, Class A	32,800		424,432
CBS Corp., Class B	387,400		1,487,616
Clear Channel Outdoor Holdings, Inc., Class A*	1,600		5,872
Comcast Corp., Class A	299,000		4,078,360
Discovery Communications, Inc., Class C*	42,700		625,555
EW Scripps Co., Class A	5,300		7,155
Gannett Co., Inc.^	186,450		410,190
Hearst-Argyle Television, Inc.	4,200		17,472
Interpublic Group of Cos., Inc.*	12,400		51,088
Liberty Global, Inc., Class A*	20,900		304,304
Liberty Media Corp., Capital Series, Class A*	12,600		87,948
McGraw-Hill Cos., Inc.	24,900		569,463
Meredith Corp.	5,100		84,864
New York Times Co., Class A	18,800		84,976
News Corp., Class A	630,600		4,174,572
Omnicom Group, Inc.	107,315		2,511,171
Regal Entertainment Group, Class A	12,000		160,920
Scripps Networks Interactive, Inc., Class A	12,800		288,128
Time Warner Cable, Inc.	66,379		1,646,200
Time Warner, Inc.	318,650		6,149,939
Viacom, Inc., Class B*	403,700		7,016,306
Virgin Media, Inc.	46,400		222,720
Walt Disney Co.	497,890		9,041,681
Warner Music Group Corp.*	7,700		18,095
Washington Post Co., Class B	900		321,390
WPP plc	197,633		1,111,309
			40,966,726
Multiline Retail (1.0%)
Family Dollar Stores, Inc.	18,900		630,693
J.C. Penney Co., Inc.^	97,450		1,955,822
Kohl’s Corp.*	10,700		452,824
Macy’s, Inc.^	259,585		2,310,307
Saks, Inc.*	26,400		49,368
Sears Holdings Corp.*	8,500		388,535
Target Corp.	161,250		5,545,387
			11,332,936
Specialty Retail (2.7%)
American Eagle Outfitters, Inc.	6,800		83,232
AnnTaylor Stores Corp.*	6,800		35,360
AutoNation, Inc.*^	90,650		1,258,222
Barnes & Noble, Inc.	4,900		104,762
Bed Bath & Beyond, Inc.*	6,900		170,775
Foot Locker, Inc.^	100,300		1,051,144
Gap, Inc.	129,050		1,676,360
Home Depot, Inc.	359,090		8,460,160
Limited Brands, Inc.	95,700		832,590
Lowe’s Cos., Inc.	618,625		11,289,905
Office Depot, Inc.*	50,000		65,500
OfficeMax, Inc.	13,900		43,368
O’Reilly Automotive, Inc.*	13,200		462,132

105

AXA PREMIER VIP TRUST

MULTIMANAGER LARGE CAP VALUE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Number of Shares	Value (Note 1)
Penske Automotive Group, Inc.	7,500	$	69,975
RadioShack Corp.	19,900		170,543
Sherwin-Williams Co.^	36,680		1,906,260
Signet Jewelers Ltd.	12,100		138,545
Staples, Inc.	68,005		1,231,571
TJX Cos., Inc.	46,200		1,184,568
Williams-Sonoma, Inc.	10,800		108,864
			30,343,836
Textiles, Apparel & Luxury Goods (0.4%)
Jones Apparel Group, Inc.	101,100		426,642
Liz Claiborne, Inc.	17,300		42,731
NIKE, Inc., Class B^	60,810		2,851,381
Phillips-Van Heusen Corp.	1,200		27,216
VF Corp.	12,900		736,719
			4,084,689
Total Consumer Discretionary			102,710,227
Consumer Staples (11.2%)
Beverages (3.0%)
Brown-Forman Corp., Class B	4,200		163,086
Coca-Cola Co.	272,600		11,980,770
Coca-Cola Enterprises, Inc.	195,850		2,583,262
Constellation Brands, Inc., Class A*^	116,600		1,387,540
Diageo plc	213,274		2,408,180
Dr. Pepper Snapple Group, Inc.*	37,200		629,052
Molson Coors Brewing Co., Class B	41,680		1,428,790
Pepsi Bottling Group, Inc.	73,550		1,628,397
PepsiAmericas, Inc.^	33,100		570,975
PepsiCo, Inc.^	207,235		10,668,458
			33,448,510
Food & Staples Retailing (2.1%)
BJ’s Wholesale Club, Inc.*	9,000		287,910
CVS Caremark Corp.	506,001		13,909,967
Kroger Co.	114,780		2,435,632
Rite Aid Corp.*	93,000		33,480
Safeway, Inc.	151,950		3,067,871
SUPERVALU, Inc.	32,800		468,384
Walgreen Co.	11,000		285,560
Wal-Mart Stores, Inc.	65,300		3,402,130
			23,890,934
Food Products (2.8%)
Archer-Daniels-Midland Co.	222,900		6,192,162
Bunge Ltd.^	54,950		3,112,918
Campbell Soup Co.	15,900		435,024
ConAgra Foods, Inc.	67,000		1,130,290
Corn Products International, Inc.	10,500		222,600
Dean Foods Co.*	4,000		72,320
Del Monte Foods Co.	96,150		700,934
General Mills, Inc.	46,400		2,314,432
H.J. Heinz Co.	20,600		681,036
Hershey Co.	11,800		410,050
Hormel Foods Corp.	10,500		332,955
JM Smucker Co.	36,579		1,363,299
Kellogg Co.^	42,540		1,558,240
Kraft Foods, Inc., Class A	292,700		6,524,282
McCormick & Co., Inc. (Non-Voting)	10,300		304,571
Nestle S.A. (Registered)	95,575		3,235,165
Sara Lee Corp.	215,000		1,737,200
Smithfield Foods, Inc.*	16,800		158,928
Tyson Foods, Inc., Class A	119,800		1,124,922
			31,611,328
Household Products (2.0%)
Clorox Co.	14,000		720,720
Kimberly-Clark Corp.	37,100		1,710,681
Procter & Gamble Co.	423,192		19,928,111
			22,359,512
Personal Products (0.0%)
Alberto-Culver Co.	11,200		253,232
Mead Johnson Nutrition Co., Class A*	2,100		60,627
NBTY, Inc.*	4,900		68,992
			382,851
Tobacco (1.3%)
Altria Group, Inc.	132,185		2,117,604
Lorillard, Inc.^	33,330		2,057,794
Philip Morris International, Inc.	221,575		7,883,638
Reynolds American, Inc.	66,850		2,395,904
			14,454,940
Total Consumer Staples			126,148,075
Energy (16.4%)
Energy Equipment & Services (0.8%)
Baker Hughes, Inc.^	199,500		5,695,725
BJ Services Co.	45,300		450,735
ENSCO International, Inc.	1,800		47,520
Exterran Holdings, Inc.*	10,000		160,200
Global Industries Ltd.*	7,600		29,184
Helix Energy Solutions Group, Inc.*	15,300		78,642
Helmerich & Payne, Inc.	15,500		352,935
Hercules Offshore, Inc.*	16,300		25,754
Key Energy Services, Inc.*	19,100		55,008
Nabors Industries Ltd.*	35,500		354,645
National Oilwell Varco, Inc.*	43,035		1,235,535
Oil States International, Inc.*	3,100		41,602
Patterson-UTI Energy, Inc.	7,800		69,888
Pride International, Inc.*	6,800		122,264
Rowan Cos., Inc.	10,500		125,685
SEACOR Holdings, Inc.*	2,800		163,268
Tidewater, Inc.	7,300		271,049
Unit Corp.*	2,000		41,840
			9,321,479
Oil, Gas & Consumable Fuels (15.6%)
Anadarko Petroleum Corp.	70,600		2,745,634
Apache Corp.	122,065		7,823,146
BP plc (ADR)	27,700		1,110,770
Cabot Oil & Gas Corp.	8,900		209,773
Chesapeake Energy Corp.	53,800		917,828
Chevron Corp.	483,974		32,542,412
Cimarex Energy Co.	11,800		216,884
ConocoPhillips	358,870		14,053,349
Devon Energy Corp.	155,510		6,949,742
El Paso Corp.	81,000		506,250
Encore Acquisition Co.*	5,700		132,639
EOG Resources, Inc.	59,655		3,266,708
Exxon Mobil Corp.	855,465		58,257,166
Forest Oil Corp.*	15,100		198,565
Hess Corp.	41,650		2,257,430
Marathon Oil Corp.^	368,915		9,698,775
Mariner Energy, Inc.*	4,300		33,325
Newfield Exploration Co.*	20,300		460,810
Noble Energy, Inc.	23,900		1,287,732
Occidental Petroleum Corp.^	204,111		11,358,777
Overseas Shipholding Group, Inc.	3,000		68,010
Petrohawk Energy Corp.*	2,600		49,998
Pioneer Natural Resources Co.	17,400		286,578
Plains Exploration & Production Co.*	1,700		29,291
Royal Dutch Shell plc (ADR), Class A	38,950		1,725,485
Southern Union Co.	16,000		243,520
Spectra Energy Corp.	93,800		1,326,332

106

AXA PREMIER VIP TRUST

MULTIMANAGER LARGE CAP VALUE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Number of Shares	Value (Note 1)
St. Mary Land & Exploration Co.	4,700	$	62,181
Sunoco, Inc.	7,600		201,248
Teekay Corp.	5,600		79,688
Tesoro Corp.	15,300		206,091
Total S.A. (ADR)	268,480		13,171,629
Valero Energy Corp.	78,400		1,403,360
XTO Energy, Inc.	74,500		2,281,190
			175,162,316
Total Energy			184,483,795
Financials (17.7%)
Capital Markets (4.4%)
Allied Capital Corp.	32,700		51,993
American Capital Ltd.	37,100		69,377
Ameriprise Financial, Inc.	33,300		682,317
Bank of New York Mellon Corp.	629,859		17,793,516
BlackRock, Inc.	600		78,024
Deutsche Bank AG (Registered)^	63,300		2,573,145
E*TRADE Financial Corp.*	63,300		81,024
Franklin Resources, Inc.	25,895		1,394,964
Goldman Sachs Group, Inc.	142,180		15,073,923
Invesco Ltd.	86,210		1,194,871
Investment Technology Group, Inc.*	700		17,864
Janus Capital Group, Inc.	2,100		13,965
Jefferies Group, Inc.	19,800		273,240
Legg Mason, Inc.	20,500		325,950
MF Global Ltd.*	9,600		40,608
Morgan Stanley	249,300		5,676,561
Northern Trust Corp.	3,300		197,406
Raymond James Financial, Inc.	13,700		269,890
State Street Corp.^	133,660		4,114,055
			49,922,693
Commercial Banks (2.6%)
Associated Banc-Corp.	18,500		285,640
Bancorpsouth, Inc.	11,800		245,912
Bank of Hawaii Corp.	7,700		253,946
BB&T Corp.^	104,400		1,766,448
BOK Financial Corp.	3,000		103,650
CapitalSource, Inc.	35,600		43,432
City National Corp./California	6,100		205,997
Comerica, Inc.	22,300		408,313
Commerce Bancshares, Inc./Missouri	9,500		344,850
Cullen/Frost Bankers, Inc.	8,700		408,378
Fifth Third Bancorp	71,800		209,656
First Citizens BancShares, Inc./North Carolina, Class A	800		105,440
First Horizon National Corp.	32,123		345,000
Fulton Financial Corp.	27,100		179,673
Huntington Bancshares, Inc./Ohio	49,000		81,340
KeyCorp	74,700		587,889
M&T Bank Corp.	12,000		542,880
Marshall & Ilsley Corp.	40,400		227,452
PNC Financial Services Group, Inc.	100,675		2,948,771
Popular, Inc.	37,500		81,750
Regions Financial Corp.	103,300		440,058
SunTrust Banks, Inc.	53,700		630,438
Synovus Financial Corp.	51,400		167,050
TCF Financial Corp.	23,100		271,656
U.S. Bancorp	313,800		4,584,618
Valley National Bancorp	21,500		265,955
Webster Financial Corp.	9,600		40,800
Wells Fargo & Co.^	959,820		13,667,836
Whitney Holding Corp./Louisiana	9,100		104,195
Wilmington Trust Corp.	9,000		87,210
Zions Bancorporation	17,500		172,025
			29,808,258
Consumer Finance (0.2%)
American Express Co.	24,700		336,661
AmeriCredit Corp.*	20,100		117,786
Capital One Financial Corp.^	78,100		955,944
Discover Financial Services	71,300		449,903
SLM Corp.*	9,700		48,015
Student Loan Corp.	700		30,408
			1,938,717
Diversified Financial Services (4.0%)
Bank of America Corp.	1,111,761		7,582,210
CIT Group, Inc.	63,000		179,550
Citigroup, Inc.	823,600		2,083,708
CME Group, Inc.	3,000		739,170
JPMorgan Chase & Co.	1,224,090		32,536,312
Leucadia National Corp.*	27,600		410,964
Moody’s Corp.	28,900		662,388
NASDAQ OMX Group, Inc.*	9,900		193,842
NYSE Euronext, Inc.	15,500		277,450
			44,665,594
Insurance (5.3%)
ACE Ltd.	178,275		7,202,310
Alleghany Corp.*	816		220,997
Allied World Assurance Co. Holdings Ltd./Bermuda	7,400		281,422
Allstate Corp.	400,815		7,675,607
American Financial Group, Inc./Ohio	12,300		197,415
American International Group, Inc.	348,800		348,800
American National Insurance Co.	2,100		110,061
Aon Corp.	73,135		2,985,371
Arch Capital Group Ltd.*	6,800		366,248
Arthur J. Gallagher & Co.	13,200		224,400
Assurant, Inc.	18,300		398,574
Axis Capital Holdings Ltd.	15,900		358,386
Brown & Brown, Inc.	12,500		236,375
Chubb Corp.	91,160		3,857,891
Cincinnati Financial Corp.	21,600		493,992
CNA Financial Corp.	5,000		45,800
Conseco, Inc.*	33,800		31,096
Endurance Specialty Holdings Ltd.	7,700		192,038
Erie Indemnity Co., Class A	4,400		150,392
Everest Reinsurance Group Ltd.	9,400		665,520
Fidelity National Financial, Inc., Class A	32,000		624,320
First American Corp.	14,300		379,093
Genworth Financial, Inc., Class A	178,950		340,005
Hanover Insurance Group, Inc.	7,300		210,386
Hartford Financial Services Group, Inc.^	143,250		1,124,513
HCC Insurance Holdings, Inc.	17,000		428,230
Lincoln National Corp.^	131,300		878,397
Loews Corp.	47,300		1,045,330
Markel Corp.*	1,500		425,820
Marsh & McLennan Cos., Inc.	77,000		1,559,250
MBIA, Inc.*	30,700		140,606
Mercury General Corp.	3,500		103,950
MetLife, Inc.	418,970		9,539,947
Old Republic International Corp.	35,500		384,110
OneBeacon Insurance Group Ltd., Class A	4,400		42,504
PartnerReinsurance Ltd.	8,100		502,767
Principal Financial Group, Inc.	38,300		313,294
Progressive Corp.*	100,400		1,349,376
Protective Life Corp.	12,800		67,200

107

AXA PREMIER VIP TRUST

MULTIMANAGER LARGE CAP VALUE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Number of Shares	Value (Note 1)
Prudential Financial, Inc.	133,575	$	2,540,597
Reinsurance Group of America, Inc.	10,100		327,139
RenaissanceReinsurance Holdings Ltd.	9,400		464,736
StanCorp Financial Group, Inc.	7,000		159,460
Torchmark Corp.	12,600		330,498
Transatlantic Holdings, Inc.	2,700		96,309
Travelers Cos., Inc.	184,390		7,493,610
Unitrin, Inc.	7,500		104,850
Unum Group^	135,600		1,695,000
W.R. Berkley Corp.	20,900		471,295
Wesco Financial Corp.	200		55,200
White Mountains Insurance Group Ltd.	1,300		223,483
XL Capital Ltd., Class A	87,100		475,566
			59,939,536
Real Estate Investment Trusts (REITs) (1.0%)
Alexandria Real Estate Equities, Inc. (REIT)	5,000		182,000
AMB Property Corp. (REIT)	15,400		221,760
Annaly Capital Management, Inc. (REIT)	79,600		1,104,052
Apartment Investment & Management Co. (REIT), Class A	11,300		61,924
AvalonBay Communities, Inc. (REIT)	11,700		550,602
Boston Properties, Inc. (REIT)	17,600		616,528
Brandywine Realty Trust (REIT)	16,000		45,600
BRE Properties, Inc. (REIT)	7,300		143,299
Camden Property Trust (REIT)	3,600		77,688
CBL & Associates Properties, Inc. (REIT)	12,100		28,556
Developers Diversified Realty Corp. (REIT)	21,900		46,647
Digital Realty Trust, Inc. (REIT)	3,300		109,494
Douglas Emmett, Inc. (REIT)	18,400		135,976
Duke Realty Corp. (REIT)	20,700		113,850
Equity Residential (REIT)	40,700		746,845
Essex Property Trust, Inc. (REIT)	3,200		183,488
Federal Realty Investment Trust (REIT)	6,300		289,800
General Growth Properties, Inc. (REIT)	19,600		13,916
HCP, Inc. (REIT)	33,700		601,545
Health Care REIT, Inc. (REIT)	14,900		455,791
Hospitality Properties Trust (REIT)	14,300		171,600
Host Hotels & Resorts, Inc. (REIT)	81,000		317,520
HRPT Properties Trust (REIT)	30,000		95,700
iStar Financial, Inc. (REIT)	24,600		69,126
Kilroy Realty Corp. (REIT)	3,800		65,322
Kimco Realty Corp. (REIT)	34,900		265,938
Liberty Property Trust (REIT)	14,500		274,630
Mack-Cali Realty Corp. (REIT)	10,100		200,081
Nationwide Health Properties, Inc. (REIT)	14,300		317,317
Plum Creek Timber Co., Inc. (REIT)	17,800		517,446
ProLogis (REIT)	38,300		248,950
Public Storage (REIT)	18,700		1,033,175
Rayonier, Inc. (REIT)	10,100		305,222
Regency Centers Corp. (REIT)	10,300		273,671
SL Green Realty Corp. (REIT)	7,800		84,240
UDR, Inc. (REIT)	20,900		179,949
Ventas, Inc. (REIT)	16,000		361,760
Vornado Realty Trust (REIT)	20,738		689,315
Weingarten Realty Investors (REIT)	9,900		94,248
			11,294,571
Real Estate Management & Development (0.0%)
CB Richard Ellis Group, Inc., Class A*	25,800		103,974
Jones Lang LaSalle, Inc.	4,600		106,996
St. Joe Co.*	2,700		45,198
			256,168
Thrifts & Mortgage Finance (0.2%)
Astoria Financial Corp.	11,200		102,928
Capitol Federal Financial	1,800		68,058
Fannie Mae	194,700		136,290
Freddie Mac	9,800		7,448
Hudson City Bancorp, Inc.	49,700		580,993
MGIC Investment Corp.	22,900		32,518
New York Community Bancorp, Inc.	51,700		577,489
People’s United Financial, Inc.	52,100		936,237
TFS Financial Corp.	12,800		155,264
Tree.com, Inc.*	1,000		4,620
Washington Federal, Inc.	13,300		176,757
			2,778,602
Total Financials			200,604,139
Health Care (14.5%)
Biotechnology (1.0%)
Amgen, Inc.*	217,800		10,785,456
Health Care Equipment & Supplies (0.9%)
Beckman Coulter, Inc.	1,600		81,616
Boston Scientific Corp.*	212,100		1,686,195
Cooper Cos., Inc.	6,500		171,860
Covidien Ltd.	181,550		6,034,722
Hill-Rom Holdings, Inc.	6,900		68,241
Hologic, Inc.*	20,100		263,109
Hospira, Inc.*	19,900		614,114
Inverness Medical Innovations, Inc.*	5,600		149,128
Medtronic, Inc.	26,830		790,680
Teleflex, Inc.	6,100		238,449
Zimmer Holdings, Inc.*	11,800		430,700
			10,528,814
Health Care Providers & Services (1.0%)
Aetna, Inc.	26,300		639,879
AmerisourceBergen Corp.	20,000		653,200
Brookdale Senior Living, Inc.	6,600		33,330
Cardinal Health, Inc.	51,550		1,622,794
CIGNA Corp.	36,200		636,758
Community Health Systems, Inc.*	11,300		173,342
Coventry Health Care, Inc.*	18,800		243,272
DaVita, Inc.*	2,500		109,875
Health Management Associates, Inc., Class A*	15,000		38,700
Health Net, Inc.*	15,900		230,232
Henry Schein, Inc.*	1,200		48,012
Humana, Inc.*	10,700		279,056
LifePoint Hospitals, Inc.*	8,200		171,052
Lincare Holdings, Inc.*	1,200		26,160
McKesson Corp.	12,000		420,480
MEDNAX, Inc.*	1,300		38,311
Omnicare, Inc.	14,300		350,207
Quest Diagnostics, Inc.	4,500		213,660
Tenet Healthcare Corp.*	38,000		44,080
UnitedHealth Group, Inc.	117,200		2,452,996
Universal Health Services, Inc., Class B	6,800		260,712

108

AXA PREMIER VIP TRUST

MULTIMANAGER LARGE CAP VALUE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Number of Shares	Value (Note 1)
WellPoint, Inc.*	80,450	$	3,054,687
			11,740,795
Health Care Technology (0.0%)
HLTH Corp.*	10,100		104,535
IMS Health, Inc.	20,800		259,376
			363,911
Life Sciences Tools & Services (0.3%)
Charles River Laboratories International, Inc.*	5,600		152,376
Life Technologies Corp.*	9,000		292,320
PerkinElmer, Inc.	9,200		117,484
Thermo Fisher Scientific, Inc.*	41,500		1,480,305
Waters Corp.*^	25,930		958,114
			3,000,599
Pharmaceuticals (11.3%)
Abbott Laboratories, Inc.	32,410		1,545,957
Bristol-Myers Squibb Co.	33,900		743,088
Eli Lilly & Co.	164,500		5,495,945
Endo Pharmaceuticals Holdings, Inc.*	2,000		35,360
Forest Laboratories, Inc.*	41,100		902,556
GlaxoSmithKline plc	63,825		993,794
GlaxoSmithKline plc (ADR)^	33,300		1,034,631
Johnson & Johnson	573,015		30,140,588
King Pharmaceuticals, Inc.*	36,100		255,227
Merck & Co., Inc.	530,145		14,181,379
Mylan, Inc.*	38,400		514,944
Novartis AG (ADR)	35,450		1,341,074
Pfizer, Inc.	1,985,820		27,046,868
Roche Holding AG	6,110		838,869
Sanofi-Aventis S.A. (ADR)	61,000		1,703,730
Schering-Plough Corp.	512,375		12,066,431
Watson Pharmaceuticals, Inc.*	7,500		233,325
Wyeth	645,640		27,788,346
			126,862,112
Total Health Care			163,281,687
Industrials (8.0%)
Aerospace & Defense (3.4%)
Alliant Techsystems, Inc.*	2,900		194,242
BE Aerospace, Inc.*	1,300		11,271
General Dynamics Corp.	60,200		2,503,718
Honeywell International, Inc.^	230,625		6,425,213
L-3 Communications Holdings, Inc.	4,000		271,200
Lockheed Martin Corp.	203,280		14,032,417
Northrop Grumman Corp.	164,460		7,177,034
Raytheon Co.	40,000		1,557,600
Spirit AeroSystems Holdings, Inc., Class A*	15,800		157,526
United Technologies Corp.	141,960		6,101,441
			38,431,662
Air Freight & Logistics (0.2%)
FedEx Corp.	46,900		2,086,581
UTi Worldwide, Inc.	1,700		20,315
			2,106,896
Airlines (0.1%)
AMR Corp.*	25,300		80,707
Continental Airlines, Inc., Class B*	19,900		175,319
Copa Holdings S.A., Class A	1,500		43,005
Delta Air Lines, Inc.*	70,100		394,663
Southwest Airlines Co.	111,200		703,896
			1,397,590
Building Products (0.0%)
Armstrong World Industries, Inc.*	3,700		40,737
Masco Corp.	53,000		369,940
Owens Corning, Inc.*	10,000		90,400
USG Corp.*	5,500		41,855
			542,932
Commercial Services & Supplies (0.3%)
Avery Dennison Corp.	16,400		366,376
Cintas Corp.	19,500		482,040
Corrections Corp. of America*	2,600		33,306
Pitney Bowes, Inc.	3,600		84,060
R.R. Donnelley & Sons Co.	33,500		245,555
Republic Services, Inc.	28,200		483,630
Steelcase, Inc., Class A	11,300		56,613
Waste Management, Inc.	53,100		1,359,360
			3,110,940
Construction & Engineering (0.1%)
Aecom Technology Corp.*	1,900		49,552
KBR, Inc.	5,900		81,479
Quanta Services, Inc.*	6,600		141,570
URS Corp.*	10,400		420,264
			692,865
Electrical Equipment (0.1%)
Cooper Industries Ltd., Class A	30,100		778,386
Hubbell, Inc., Class B	4,500		121,320
Thomas & Betts Corp.*	7,500		187,650
			1,087,356
Industrial Conglomerates (1.8%)
3M Co.	41,930		2,084,760
Carlisle Cos., Inc.	8,300		162,929
General Electric Co.	1,822,400		18,424,464
			20,672,153
Machinery (0.9%)
AGCO Corp.*	4,600		90,160
Crane Co.	7,200		121,536
Danaher Corp.	46,275		2,509,031
Dover Corp.	42,300		1,115,874
Eaton Corp.	51,940		1,914,508
Flowserve Corp.	4,600		258,152
Gardner Denver, Inc.*	7,900		171,746
IDEX Corp.	1,700		37,179
Illinois Tool Works, Inc.	67,300		2,076,205
Ingersoll-Rand Co., Ltd., Class A	37,900		523,020
ITT Corp.	6,300		242,361
Kennametal, Inc.	8,700		141,027
Lincoln Electric Holdings, Inc.	2,500		79,225
Oshkosh Corp.	4,100		27,634
Pentair, Inc.	15,600		338,052
Terex Corp.*	14,200		131,350
Timken Co.	11,800		164,728
Trinity Industries, Inc.	10,900		99,626
			10,041,414
Marine (0.0%)
Alexander & Baldwin, Inc.	5,800		110,374
Professional Services (0.1%)
Dun & Bradstreet Corp.	11,660		897,820
Equifax, Inc.	9,500		232,275
Manpower, Inc.	10,600		334,218
			1,464,313
Road & Rail (0.8%)
Avis Budget Group, Inc.*	18,500		16,835
Burlington Northern Santa Fe Corp.	7,675		461,651
Con-way, Inc.	5,100		91,443
CSX Corp.^	247,075		6,386,889
Hertz Global Holdings, Inc.*	43,600		171,348
Kansas City Southern*	3,000		38,130

109

AXA PREMIER VIP TRUST

MULTIMANAGER LARGE CAP VALUE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Number of Shares	Value (Note 1)
Norfolk Southern Corp.	39,600	$	1,336,500
Ryder System, Inc.	5,500		155,705
			8,658,501
Trading Companies & Distributors (0.2%)
GATX Corp.	6,100		123,403
United Rentals, Inc.*	10,900		45,889
W.W. Grainger, Inc.^	21,760		1,527,117
WESCO International, Inc.*	2,100		38,052
			1,734,461
Total Industrials			90,051,457
Information Technology (7.5%)
Communications Equipment (1.9%)
ADC Telecommunications, Inc.*	13,000		57,070
Brocade Communications Systems, Inc.*	46,200		159,390
Cisco Systems, Inc.*	514,025		8,620,200
Corning, Inc.	105,100		1,394,677
EchoStar Corp., Class A*	5,100		75,633
JDS Uniphase Corp.*	17,800		57,850
Motorola, Inc.	843,200		3,566,736
Nokia Oyj (ADR)	223,800		2,611,746
QUALCOMM, Inc.^	125,500		4,883,205
Telefonaktiebolaget LM Ericsson (ADR)	98,400		796,056
Tellabs, Inc.*	56,900		260,602
			22,483,165
Computers & Peripherals (1.6%)
Diebold, Inc.	2,000		42,700
EMC Corp.*	94,200		1,073,880
Hewlett-Packard Co.	290,440		9,311,506
International Business Machines Corp.	42,340		4,102,323
Lexmark International, Inc., Class A*	12,300		207,501
NCR Corp.*	2,900		23,055
QLogic Corp.*	17,200		191,264
SanDisk Corp.*	26,300		332,695
Seagate Technology	37,600		225,976
Sun Microsystems, Inc.*	109,100		798,612
Teradata Corp.*	13,100		212,482
Western Digital Corp.*	68,550		1,325,757
			17,847,751
Electronic Equipment, Instruments & Components (0.4%)
Agilent Technologies, Inc.*	35,450		544,867
Arrow Electronics, Inc.*	17,600		335,456
AU Optronics Corp. (ADR)^	126,950		1,065,111
Avnet, Inc.*	13,600		238,136
AVX Corp.	8,300		75,364
Ingram Micro, Inc., Class A*	25,500		322,320
Jabil Circuit, Inc.	19,800		110,088
Molex, Inc.	15,100		207,474
Tech Data Corp.*	6,100		132,858
Tyco Electronics Ltd.	153,700		1,696,847
Vishay Intertechnology, Inc.*	34,250		119,190
			4,847,711
Internet Software & Services (0.0%)
IAC/InterActiveCorp*	12,500		190,375
IT Services (0.8%)
Accenture Ltd., Class A^	152,570		4,194,149
Affiliated Computer Services, Inc., Class A*	10,000		478,900
Automatic Data Processing, Inc.	20,295		713,572
Computer Sciences Corp.*	22,700		836,268
Convergys Corp.*	17,500		141,400
DST Systems, Inc.*	1,400		48,468
Fidelity National Information Services, Inc.	22,300		405,860
Genpact Ltd.*	600		5,316
Lender Processing Services, Inc.	10,900		333,649
SAIC, Inc.*	24,600		459,282
Unisys Corp.*	29,300		15,529
Western Union Co.^	70,175		882,100
			8,514,493
Office Electronics (0.1%)
Xerox Corp.	136,900		622,895
Zebra Technologies Corp., Class A*	800		15,216
			638,111
Semiconductors & Semiconductor Equipment (1.8%)
Advanced Micro Devices, Inc.*	83,300		254,065
ASML Holding N.V. (N.Y. Shares), Class G	29,900		523,549
Atmel Corp.*	21,300		77,319
Cree, Inc.*	8,000		188,240
Fairchild Semiconductor International, Inc.*	22,800		85,044
Integrated Device Technology, Inc.*	17,200		78,260
Intel Corp.^	694,590		10,453,579
International Rectifier Corp.*	7,600		102,676
Intersil Corp., Class A	12,300		141,450
KLA-Tencor Corp.	2,000		40,000
Lam Research Corp.*	1,900		43,263
LSI Corp.*	28,200		85,728
Micron Technology, Inc.*	98,000		397,880
Novellus Systems, Inc.*	10,100		167,963
NVIDIA Corp.*	58,700		578,782
Teradyne, Inc.*	11,700		51,246
Texas Instruments, Inc.^	395,825		6,535,071
			19,804,115
Software (0.9%)
Amdocs Ltd.*	17,200		318,544
CA, Inc.	30,800		542,388
Cadence Design Systems, Inc.*	39,100		164,220
Compuware Corp.*	13,300		87,647
McAfee, Inc.*	2,800		93,800
Novell, Inc.*	25,900		110,334
Oracle Corp.*	249,285		4,504,580
Symantec Corp.*	263,550		3,937,437
Synopsys, Inc.*	20,900		433,257
			10,192,207
Total Information Technology			84,517,928
Materials (3.5%)
Chemicals (1.9%)
Air Products & Chemicals, Inc.^	33,640		1,892,250
Ashland, Inc.	12,400		128,092
Cabot Corp.	8,400		88,284
Celanese Corp., Class A	3,400		45,458
Cytec Industries, Inc.	6,300		94,626
Dow Chemical Co.	137,700		1,160,811
E.I. du Pont de Nemours & Co.^	530,775		11,852,205
Eastman Chemical Co.^	43,400		1,163,120
FMC Corp.	6,700		289,038
Huntsman Corp.	26,500		82,945
Intrepid Potash, Inc.*	2,700		49,815
Lubrizol Corp.	10,400		353,704
Nalco Holding Co.	1,900		24,833
PPG Industries, Inc.^	113,460		4,186,674
Rohm & Haas Co.	3,000		236,520
RPM International, Inc.	20,300		258,419

110

AXA PREMIER VIP TRUST

MULTIMANAGER LARGE CAP VALUE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Number of Shares	Value (Note 1)
Scotts Miracle-Gro Co., Class A	1,700	$	58,990
Sigma-Aldrich Corp.	8,800		332,552
Valhi, Inc.	700		6,566
Valspar Corp.	14,700		293,559
			22,598,461
Construction Materials (0.1%)
Eagle Materials, Inc.	900		21,825
Martin Marietta Materials, Inc.	600		47,580
Vulcan Materials Co.	16,600		735,214
			804,619
Containers & Packaging (0.4%)
AptarGroup, Inc.	7,900		246,006
Ball Corp.	12,400		538,160
Bemis Co., Inc.	44,250		927,923
Owens-Illinois, Inc.*	88,650		1,280,106
Packaging Corp. of America	11,400		148,428
Pactiv Corp.*	19,700		287,423
Sealed Air Corp.	24,400		336,720
Sonoco Products Co.	15,100		316,798
Temple-Inland, Inc.	19,400		104,178
			4,185,742
Metals & Mining (0.9%)
Alcoa, Inc.	32,700		240,018
Carpenter Technology Corp.	5,400		76,248
Century Aluminum Co.*	3,200		6,752
Commercial Metals Co.	17,900		206,745
Freeport-McMoRan Copper & Gold, Inc.	62,100		2,366,631
Newmont Mining Corp.^	112,825		5,050,047
Nucor Corp.	37,600		1,435,192
Reliance Steel & Aluminum Co.	8,900		234,337
Schnitzer Steel Industries, Inc., Class A	3,400		106,726
Steel Dynamics, Inc.	16,900		148,889
Titanium Metals Corp.	12,800		70,016
United States Steel Corp.	1,100		23,243
			9,964,844
Paper & Forest Products (0.2%)
Domtar Corp.*	89,800		85,310
International Paper Co.	62,500		440,000
MeadWestvaco Corp.	25,300		303,347
Weyerhaeuser Co.	31,800		876,726
			1,705,383
Total Materials			39,259,049
Telecommunication Services (5.8%)
Diversified Telecommunication Services (5.0%)
AT&T, Inc.	1,489,595		37,537,794
CenturyTel, Inc.	14,800		416,176
Embarq Corp.	10,800		408,780
Frontier Communications Corp.	36,100		259,198
Qwest Communications International, Inc.	111,600		381,672
Telefonica S.A. (ADR)	9,300		554,466
Verizon Communications, Inc.	528,035		15,946,657
Windstream Corp.	32,200		259,532
			55,764,275
Wireless Telecommunication Services (0.8%)
Clearwire Corp., Class A*	1,300		6,695
Crown Castle International Corp.*	32,900		671,489
Leap Wireless International, Inc.*	7,000		244,090
Rogers Communications, Inc., Class B	38,965		897,790
Sprint Nextel Corp.*	1,126,750		4,022,497
Telephone & Data Systems, Inc.	8,500		225,335
U.S. Cellular Corp.*	1,800		60,012
Vodafone Group plc	1,456,643		2,544,760
Vodafone Group plc (ADR)^	23,750		413,725
			9,086,393
Total Telecommunication Services			64,850,668
Utilities (5.1%)
Electric Utilities (2.6%)
American Electric Power Co., Inc.	126,450		3,194,127
DPL, Inc.	15,400		347,116
Duke Energy Corp.	191,100		2,736,552
Edison International	48,300		1,391,523
Entergy Corp.	29,600		2,015,464
Exelon Corp.	49,600		2,251,344
FirstEnergy Corp.	45,900		1,771,740
FPL Group, Inc.^	104,310		5,291,646
Great Plains Energy, Inc.	16,900		227,643
Hawaiian Electric Industries, Inc.	14,100		193,734
Northeast Utilities	26,300		567,817
NV Energy, Inc.	24,600		230,994
Pepco Holdings, Inc.	33,000		411,840
Pinnacle West Capital Corp.	56,900		1,511,264
PPL Corp.	75,440		2,165,882
Progress Energy, Inc.	41,900		1,519,294
Southern Co.	115,600		3,539,672
			29,367,652
Gas Utilities (0.2%)
AGL Resources, Inc.	11,000		291,830
Atmos Energy Corp.	13,800		319,056
Energen Corp.	8,300		241,779
National Fuel Gas Co.	11,900		364,973
ONEOK, Inc.	16,100		364,343
Questar Corp.	16,600		488,538
UGI Corp.	15,500		365,955
			2,436,474
Independent Power Producers & Energy Traders (0.1%)
Constellation Energy Group, Inc.	2,800		57,848
Dynegy, Inc., Class A*	65,700		92,637
Mirant Corp.*	7,500		85,500
NRG Energy, Inc.*	26,900		473,440
Reliant Energy, Inc.*	174,700		557,293
			1,266,718
Multi-Utilities (2.1%)
Alliant Energy Corp.	16,000		395,040
Ameren Corp.	43,000		997,170
CenterPoint Energy, Inc.	18,800		196,084
CMS Energy Corp.^	72,850		862,544
Consolidated Edison, Inc.	40,500		1,604,205
Dominion Resources, Inc.	209,669		6,497,643
DTE Energy Co.	24,800		686,960
Integrys Energy Group, Inc.	11,200		291,648
MDU Resources Group, Inc.	27,000		435,780
NiSource, Inc.	65,050		637,490
NSTAR	15,900		506,892
OGE Energy Corp.	13,300		316,806
PG&E Corp.^	97,355		3,720,908
Public Service Enterprise Group, Inc.	59,575		1,755,675
SCANA Corp.	18,000		556,020
Sempra Energy	37,700		1,743,248
TECO Energy, Inc.	32,100		357,915
Vectren Corp.	11,600		244,644
Wisconsin Energy Corp.	17,200		708,124
Xcel Energy, Inc.	68,400		1,274,292
			23,789,088
Water Utilities (0.1%)
American Water Works Co., Inc.	9,800		188,552

111

AXA PREMIER VIP TRUST

MULTIMANAGER LARGE CAP VALUE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Number of Shares		Value (Note 1)
Aqua America, Inc.		19,700	$	394,000
				582,552
Total Utilities				57,442,484
Total Common Stocks (98.8%) (Cost $1,469,134,029)				1,113,349,509
	Principal Amount		Value (Note 1)
SHORT-TERM INVESTMENTS:
Government Securities (0.1%)
U.S. Treasury Bills
0.18%, 6/11/09 #(p)	$	579,000		578,792
Short-Term Investments of Cash Collateral for Securities Loaned (4.1%)
Banco de Sabadell S.A.
1.17%, 4/23/09 (l)		2,450,000		2,450,000
BBVA Senior Finance S.A.
1.38%, 3/12/10 (l)		1,790,000		1,758,136
Deutsche Bank Securities, Inc., Repurchase Agreement
0.25%, 4/1/09 (r)(u)		22,965,412		22,965,412
General Electric Capital Corp.
0.40%, 3/12/10 (l)		330,000		311,929
K2 (USA) LLC
0.37%, 5/29/09 (l)		3,259,776		3,259,776
0.37%, 6/18/09 (l)		4,069,699		4,056,102
Lehman Brothers Holdings, Inc.
0.00%, 8/21/09 (h)(s)		2,039,987		244,798
Links Finance LLC
0.37%, 6/25/09 (l)		1,219,923		1,214,657
Monumental Global Funding II
0.43%, 5/26/10 (l)		3,830,000		3,255,501
Morgan Stanley
0.46%, 5/7/09 (l)		4,070,000		4,070,000
Pricoa Global Funding I
0.40%, 6/25/10 (l)		2,439,695		2,202,100
Total Short-Term Investments of Cash Collateral for Securities Loaned				45,788,411
Time Deposit (1.4%)
JPMorgan Chase Nassau
0.004%, 4/1/09		16,144,331		16,144,331
Total Short-Term Investments (5.6%) (Cost/Amortized Cost $65,187,484)				62,511,534
Total Investments (104.4%) (Cost/Amortized Cost $1,534,321,513)				1,175,861,043
Other Assets Less Liabilities (-4.4%)				(49,640,761	)
Net Assets (100%)			$	1,126,220,282

* Non-income producing.

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

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

(h) Security in default.

(l) Floating Rate Security. Rate disclosed is as of March 31, 2009.

(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.

(s) Issuer in bankruptcy.

(u) Represents the Portfolio’s undivided interest in a joint repurchase agreement. The repurchase agreement was fully collateralized by U.S. government agency securities at the date of this Portfolio of Investments as follows: Federal Home Loan Mortgage Corp., 0.000% – 7.500%, maturing 1/15/15 – 6/15/38; Federal National Mortgage Association, 5.000% – 7.000%, maturing 10/1/36 – 12/1/38.

Glossary:

ADR — American Depositary Receipt

At March 31, 2009 the Portfolio had the following futures contracts open: (Note 1)

Purchase	Number of Contracts	Expiration Date	Original Value		Value at 3/31/2009		Unrealized Appreciation
Russell 1000 Mini Index	71	June-09	$	2,887,407	$	3,065,425	$	178,018

112

AXA PREMIER VIP TRUST

MULTIMANAGER LARGE CAP VALUE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

Various inputs are used in determining the value of the Portfolio’s investments. These inputs are summarized in the three broad levels listed below:

• Level 1 - Quoted prices in active markets for identical securities

• Level 2 - Significant other observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)

• Level 3 - Significant unobservable inputs (including the Portfolio’s own assumptions in determining the fair value of investments)

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, money market securities are valued using amortized cost, in accordance with rules under the Investment Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active market, such securities are reflected as Level 2.

The following is a summary of the inputs used to value the Portfolio’s net assets as of March 31, 2009:

Description	Quoted Prices in Active Markets for Identical Securities (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Assets
Investments in Securities	$	1,102,217,432	$	73,643,611	$	—	$	1,175,861,043
Other Investments*		178,018		—		—		178,018
Total	$	1,102,395,450	$	73,643,611	$	—	$	1,176,039,061
Liabilities
Investments in Securities	$	—	$	—	$	—	$	—
Other Investments*		—		—		—		—
Total	$	—	$	—	$	—	$	—

* Other investments are derivative instruments, such as futures, forwards and written options, which are valued at the unrealized appreciation/depreciation on the instrument.

Investment security transactions for the three months ended March 31, 2009 were as follows:

Cost of Purchases:
Stocks and long-term corporate debt securities	$	576,051,434
Net Proceeds of Sales and Redemptions:
Stocks and long-term corporate debt securities	$	788,097,871
As of March 31, 2009, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investments for Federal income tax purposes was as follows:
Aggregate gross unrealized appreciation	$	7,923,304
Aggregate gross unrealized depreciation		(414,693,850	)
Net unrealized depreciation	$	(406,770,546	)
Federal income tax cost of investments	$	1,582,631,589

At March 31, 2009, the Portfolio had loaned securities with a total value of $48,037,566. This was secured by collateral of $48,464,491, which was received as cash and subsequently invested in short-term investments currently valued at $45,788,411, as reported in the portfolio of investments.

For the three months ended March 31, 2009, the Portfolio incurred approximately $2,706 as brokerage commissions with Sanford C. Bernstein & Co., Inc., and $164 with Williams Capital Group, affiliated broker/dealers.

The Portfolio has a net capital loss carryforward of $165,673,773, which expires in the year 2016.

See Notes to Portfolio of Investments.

113

AXA PREMIER VIP TRUST

MULTIMANAGER MID CAP GROWTH PORTFOLIO

PORTFOLIO OF INVESTMENTS

March 31, 2009 (Unaudited)

	Number of Shares	Value (Note 1)
COMMON STOCKS:
Consumer Discretionary (16.8%)
Auto Components (0.5%)
Amerigon, Inc.*	6,100	$	22,570
BorgWarner, Inc.^	24,900		505,470
Drew Industries, Inc.*^	57,000		494,760
Exide Technologies*^	18,000		54,000
Fuel Systems Solutions, Inc.*^	2,600		35,048
Gentex Corp.^	34,900		347,604
Goodyear Tire & Rubber Co.*	37,800		236,628
Hayes Lemmerz International, Inc.*	3,300		611
Quantum Fuel Systems Technologies Worldwide, Inc.*	22,800		18,240
Raser Technologies, Inc.*^	6,900		28,911
Spartan Motors, Inc.	700		2,814
Tenneco, Inc.*^	37,400		60,962
WABCO Holdings, Inc.	15,700		193,267
Wonder Auto Technology, Inc.*	4,100		14,678
			2,015,563
Automobiles (0.0%)
Thor Industries, Inc.	2,400		37,488
Winnebago Industries, Inc.	6,700		35,577
			73,065
Distributors (0.1%)
Aristotle Corp.*	300		1,038
LKQ Corp.*^	33,200		473,764
			474,802
Diversified Consumer Services (3.2%)
American Public Education, Inc.*	2,700		113,562
Brink’s Home Security Holdings, Inc.*	10,000		226,000
Capella Education Co.*^	15,600		826,800
Coinstar, Inc.*^	6,900		226,044
Corinthian Colleges, Inc.*^	91,160		1,773,062
DeVry, Inc.	14,900		717,882
Grand Canyon Education, Inc.*^	2,000		34,520
Hillenbrand, Inc.	15,000		240,150
ITT Educational Services, Inc.*^	37,420		4,543,536
K12, Inc.*^	37,400		519,860
Learning Tree International, Inc.*	2,500		21,175
Lincoln Educational Services Corp.*^	600		10,992
Matthews International Corp., Class A	7,200		207,432
Pre-Paid Legal Services, Inc.*	2,000		58,060
Princeton Review, Inc.*	3,700		16,095
Sotheby’s, Inc.	16,800		151,200
Steiner Leisure Ltd.*	2,300		56,143
Strayer Education, Inc.^	9,600		1,726,752
Universal Technical Institute, Inc.*^	20,800		249,600
Weight Watchers International, Inc.	7,600		140,980
			11,859,845
Hotels, Restaurants & Leisure (2.7%)
AFC Enterprises, Inc.*	3,700		16,687
Ambassadors Group, Inc.	4,400		35,728
Bally Technologies, Inc.*	13,200		243,144
BJ’s Restaurants, Inc.*^	3,200		44,512
Boyd Gaming Corp.	1,900		7,087
Brinker International, Inc.^	24,800		374,480
Buffalo Wild Wings, Inc.*^	4,300		157,294
Burger King Holdings, Inc.	94,470		2,168,086
California Pizza Kitchen, Inc.*	3,700		48,396
CEC Entertainment, Inc.*	4,300		111,284
Cheesecake Factory, Inc.*	14,800		169,460
Chipotle Mexican Grill, Inc., Class A*^	8,100		537,678
Chipotle Mexican Grill, Inc., Class B*	5,000		286,550
Choice Hotels International, Inc.^	2,600		67,132
CKE Restaurants, Inc.	12,400		104,160
Cracker Barrel Old Country Store, Inc.^	3,600		103,104
Denny’s Corp.*	21,600		36,072
DineEquity, Inc.	4,000		47,440
Dover Downs Gaming & Entertainment, Inc.	3,900		11,973
Dover Motorsports, Inc.	4,200		7,770
Einstein Noah Restaurant Group, Inc.*	600		3,498
Great Wolf Resorts, Inc.*	800		1,864
Jack in the Box, Inc.*	8,900		207,281
Krispy Kreme Doughnuts, Inc.*	15,500		24,800
Life Time Fitness, Inc.*^	8,800		110,528
Monarch Casino & Resort, Inc.*	1,300		6,708
Morgans Hotel Group Co.*^	6,200		19,282
Orient-Express Hotels Ltd., Class A^	84,140		344,974
P.F. Chang’s China Bistro, Inc.*^	5,500		125,840
Panera Bread Co., Class A*^	25,240		1,410,916
Papa John’s International, Inc.*	4,100		93,767
Peet’s Coffee & Tea, Inc.*	3,300		71,346
Penn National Gaming, Inc.*	16,300		393,645
Red Robin Gourmet Burgers, Inc.*^.	40,592		715,637
Rick’s Cabaret International, Inc.*	1,800		8,172
Riviera Holdings Corp.*	2,200		2,244
Ruth’s Hospitality Group, Inc.*	3,100		3,751
Scientific Games Corp., Class A*^	15,800		191,338
Shuffle Master, Inc.*	234,400		672,728
Sonic Corp.*^	12,000		120,240
Texas Roadhouse, Inc., Class A*^	11,900		113,407
Town Sports International Holdings, Inc.*^	4,900		14,651
Vail Resorts, Inc.*^	7,000		143,010
Wendy’s/Arby’s Group, Inc., Class A	83,900		422,017
WMS Industries, Inc.*^	10,800		225,828
			10,025,509
Household Durables (0.2%)
Cavco Industries, Inc.*	1,400		33,040
Champion Enterprises, Inc.*	10,400		4,992
Harman International Industries, Inc.^	10,800		146,124
Hooker Furniture Corp.^	100		844
iRobot Corp.*	4,200		31,920
Libbey, Inc.^	3,400		3,128
National Presto Industries, Inc.	100		6,101
NVR, Inc.*^	100		42,775
Pulte Homes, Inc.^	12,100		132,253
Tempur-Pedic International, Inc.	11,300		82,490
Tupperware Brands Corp.	15,200		258,248
Universal Electronics, Inc.*	3,200		57,920
			799,835
Internet & Catalog Retail (0.7%)
1-800-FLOWERS.COM, Inc., Class A*^	7,300		15,111
Bidz.com, Inc.*	1,600		6,432
Blue Nile, Inc.*^	3,100		93,465
Drugstore.Com, Inc.*	23,100		27,027
Gaiam, Inc., Class A*	88,000		288,640
Netflix, Inc.*^	25,940		1,113,345
NutriSystem, Inc.^	7,300		104,171
Orbitz Worldwide, Inc.*	600		774
Overstock.com, Inc.*^	3,600		32,940
PetMed Express, Inc.*	5,600		92,288
priceline.com, Inc.*^	9,900		779,922
Shutterfly, Inc.*	4,700		44,039

114

AXA PREMIER VIP TRUST

MULTIMANAGER MID CAP GROWTH PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Number of Shares	Value (Note 1)
Stamps.com, Inc.*	3,000	$	29,100
			2,627,254
Leisure Equipment & Products (0.2%)
Hasbro, Inc.	12,500		313,375
Leapfrog Enterprises, Inc.*	9,000		12,420
Marine Products Corp.^	900		3,816
Polaris Industries, Inc.^	6,900		147,936
Pool Corp.^	9,600		128,640
Smith & Wesson Holding Corp.*	8,800		52,976
			659,163
Media (1.7%)
Arbitron, Inc.	6,500		97,565
Central European Media Enterprises Ltd., Class A*^	8,700		99,702
Charter Communications, Inc., Class A*	48,500		1,009
Cinemark Holdings, Inc.	3,000		28,170
CKX, Inc.*	6,800		27,880
Crown Media Holdings, Inc., Class A*	1,300		2,652
CTC Media, Inc.*	12,700		57,912
Dolan Media Co.*	6,000		47,220
DreamWorks Animation SKG, Inc., Class A*	64,870		1,403,787
Entravision Communications Corp., Class A*^	7,800		2,028
Global Sources Ltd.*	3,470		13,498
Global Traffic Network, Inc.*	3,300		9,999
Harte-Hanks, Inc.	1,300		6,955
Interactive Data Corp.	4,200		104,412
Interpublic Group of Cos., Inc.*	97,900		403,348
John Wiley & Sons, Inc., Class A	9,700		288,866
Lamar Advertising Co., Class A*^	19,200		187,200
Lions Gate Entertainment Corp.*^	148,100		747,905
Martha Stewart Living Omnimedia, Inc., Class A*	7,000		17,430
Marvel Entertainment, Inc.*	38,480		1,021,644
Morningstar, Inc.*	4,000		136,600
National CineMedia, Inc.	75,820		999,308
Playboy Enterprises, Inc., Class B*^	3,400		6,698
RCN Corp.*	5,600		20,720
RHI Entertainment, Inc.*	600		912
Sinclair Broadcast Group, Inc., Class A	4,700		4,841
Sirius XM Radio, Inc.*	938,200		328,370
Valassis Communications, Inc.*^	6,500		10,205
Value Line, Inc.	400		10,936
Warner Music Group Corp.*	3,900		9,165
World Wrestling Entertainment, Inc., Class A^	5,200		60,008
			6,156,945
Multiline Retail (0.6%)
99 Cents Only Stores*	6,400		59,136
Big Lots, Inc.*	19,900		413,522
Dollar Tree, Inc.*	36,940		1,645,677
Family Dollar Stores, Inc.	2,600		86,762
Retail Ventures, Inc.*^	400		608
			2,205,705
Specialty Retail (5.9%)
Abercrombie & Fitch Co., Class A	19,600		466,480
Advance Auto Parts, Inc.	23,200		953,056
Aeropostale, Inc.*	72,510		1,925,866
American Eagle Outfitters, Inc.	92,700		1,134,648
AnnTaylor Stores Corp.*	6,000		31,200
bebe stores, Inc.^	2,400		16,008
Bed Bath & Beyond, Inc.*	39,180		969,705
Best Buy Co., Inc.	93,660		3,555,333
Borders Group, Inc.*	8,700		5,481
Buckle, Inc.	5,600		178,808
Cache, Inc.*	1,800		5,184
CarMax, Inc.*	53,200		661,808
Cato Corp., Class A	1,400		25,592
Charlotte Russe Holding, Inc.*	900		7,335
Chico’s FAS, Inc.*	13,700		73,569
Christopher & Banks Corp.	5,200		21,268
Citi Trends, Inc.*	3,500		80,115
Coldwater Creek, Inc.*^	12,500		31,375
Dick’s Sporting Goods, Inc.*^	115,240		1,644,475
DSW, Inc., Class A*^	2,100		19,509
Finish Line, Inc., Class A	3,700		24,494
GameStop Corp., Class A*	33,310		933,346
Guess?, Inc.	24,900		524,892
Gymboree Corp.*^	4,900		104,615
Haverty Furniture Cos., Inc.	1,300		13,689
hhgregg, Inc.*	2,900		41,035
Hibbett Sports, Inc.*^	48,120		924,866
J. Crew Group, Inc.*	10,300		135,754
JoS. A. Bank Clothiers, Inc.*	800		22,248
Lumber Liquidators, Inc.*	2,600		33,150
Men’s Wearhouse, Inc.	1,600		24,224
Midas, Inc.*	3,000		23,760
Monro Muffler, Inc.	400		10,932
New York & Co., Inc.*	1,000		3,550
O’Reilly Automotive, Inc.*	11,900		416,619
PetSmart, Inc.	31,000		649,760
Pier 1 Imports, Inc.*	4,100		2,296
Ross Stores, Inc.^	55,860		2,004,257
Sally Beauty Holdings, Inc.*	21,200		120,416
Systemax, Inc.*	1,200		15,504
Tiffany & Co.^	30,700		661,892
Tractor Supply Co.*^	13,200		475,992
Tween Brands, Inc.*	5,500		11,770
Ulta Salon Cosmetics & Fragrance, Inc.*	4,500		29,790
Urban Outfitters, Inc.*	123,480		2,021,367
Wet Seal, Inc., Class A*	22,800		76,608
Williams-Sonoma, Inc.^	52,800		532,224
Zumiez, Inc.*	4,500		43,650
			21,689,515
Textiles, Apparel & Luxury Goods (1.0%)
American Apparel, Inc.*^	9,300		27,156
Carter’s, Inc.*	34,060		640,669
Cherokee, Inc.	1,100		17,160
Crocs, Inc.*^	21,300		25,347
Deckers Outdoor Corp.*	3,200		169,728
FGX International Holdings Ltd.*	98,400		1,143,408
Fossil, Inc.*	11,000		172,700
Fuqi International, Inc.*^	2,700		12,690
G-III Apparel Group Ltd.*^	2,400		13,248
Hanesbrands, Inc.*^	23,000		220,110
Iconix Brand Group, Inc.*	10,300		91,155
Lululemon Athletica, Inc.*^	4,200		36,372
Maidenform Brands, Inc.*	2,400		21,984
Perry Ellis International, Inc.*	1,800		6,228
Phillips-Van Heusen Corp.	11,000		249,480
Skechers U.S.A., Inc., Class A*	600		4,002
True Religion Apparel, Inc.*	4,000		47,240
Under Armour, Inc., Class A*^	7,900		129,797
Volcom, Inc.*^	4,100		39,770
Warnaco Group, Inc.*^	11,200		268,800

115

AXA PREMIER VIP TRUST

MULTIMANAGER MID CAP GROWTH PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Number of Shares	Value (Note 1)
Weyco Group, Inc.	1,100	$	28,512
Wolverine World Wide, Inc.	12,100		188,518
			3,554,074
Total Consumer Discretionary			62,141,275
Consumer Staples (3.5%)
Beverages (0.6%)
Boston Beer Co., Inc., Class A*	1,900		39,634
Central European Distribution Corp.*	9,700		104,372
Coca-Cola Bottling Co. Consolidated	900		46,845
Hansen Natural Corp.*	34,300		1,234,800
National Beverage Corp.*	200		1,834
Pepsi Bottling Group, Inc.	35,200		779,328
			2,206,813
Food & Staples Retailing (0.5%)
Arden Group, Inc., Class A	200		23,368
BJ’s Wholesale Club, Inc.*	27,770		888,362
Great Atlantic & Pacific Tea Co., Inc.*	3,500		18,585
Pantry, Inc.*	1,100		19,371
Pricesmart, Inc.	3,600		64,836
Ruddick Corp.	600		13,470
Spartan Stores, Inc.	700		10,787
United Natural Foods, Inc.*^	3,300		62,601
Whole Foods Market, Inc.^	34,400		577,920
Winn-Dixie Stores, Inc.*	7,800		74,568
			1,753,868
Food Products (1.3%)
AgFeed Industries, Inc.*	5,500		12,430
Alico, Inc.^	800		19,200
American Dairy, Inc.*	1,400		23,674
Calavo Growers, Inc.	2,400		28,848
Cal-Maine Foods, Inc.^	2,900		64,931
Darling International, Inc.*	20,400		75,684
Dean Foods Co.*	25,700		464,656
Diamond Foods, Inc.^	3,900		108,927
Flowers Foods, Inc.^	11,300		265,324
Green Mountain Coffee Roasters, Inc.*^	4,200		201,600
Hain Celestial Group, Inc.*^	64,900		924,176
HQ Sustainable Maritime Industries, Inc.*	1,900		14,535
JM Smucker Co.	5,700		212,439
Lancaster Colony Corp.	5,000		207,400
Lance, Inc.	1,300		27,066
Lifeway Foods, Inc.*	1,300		10,400
McCormick & Co., Inc. (Non-Voting)	10,200		301,614
Ralcorp Holdings, Inc.*	11,010		593,219
Sanderson Farms, Inc.	900		33,795
Smart Balance, Inc.*	12,100		73,084
Synutra International, Inc.*^	2,900		23,809
Tootsie Roll Industries, Inc.	1,966		42,702
TreeHouse Foods, Inc.*^	26,700		768,693
Zhongpin, Inc.*	4,200		37,296
			4,535,502
Household Products (0.9%)
Church & Dwight Co., Inc.	17,100		893,133
Clorox Co.	36,240		1,865,635
Energizer Holdings, Inc.*^	14,000		695,660
WD-40 Co.	1,800		43,452
			3,497,880
Personal Products (0.2%)
Alberto-Culver Co.	2,800		63,308
American Oriental Bioengineering, Inc.*	15,300		59,058
Bare Escentuals, Inc.*	14,700		60,270
Chattem, Inc.*^	4,000		224,200
China Sky One Medical, Inc.*	1,700		19,550
Herbalife Ltd.	15,700		235,186
Inter Parfums, Inc.^	200		1,166
Mannatech, Inc.	700		2,331
NBTY, Inc.*	6,300		88,704
Nu Skin Enterprises, Inc., Class A	8,200		86,018
Schiff Nutrition International, Inc.*	200		900
USANA Health Sciences, Inc.*^	1,500		33,540
			874,231
Tobacco (0.0%)
Alliance One International, Inc.*	15,500		59,520
Star Scientific, Inc.*^	3,700		15,836
Vector Group Ltd.	7,900		102,621
			177,977
Total Consumer Staples			13,046,271
Energy (7.2%)
Energy Equipment & Services (3.0%)
Atwood Oceanics, Inc.*^	13,700		227,283
Basic Energy Services, Inc.*^	10,200		65,994
Bolt Technology Corp.*	2,400		17,064
Cal Dive International, Inc.*	900		6,093
CARBO Ceramics, Inc.^	5,100		145,044
Complete Production Services, Inc.*	84,540		260,383
Dawson Geophysical Co.*	1,400		18,900
Dresser-Rand Group, Inc.*	20,900		461,890
Dril-Quip, Inc.*^	65,070		1,997,650
ENGlobal Corp.*	5,900		26,786
FMC Technologies, Inc.*	11,780		369,539
Geokinetics, Inc.*	700		2,289
Global Industries Ltd.*^	18,200		69,888
Gulf Island Fabrication, Inc.	3,400		27,234
GulfMark Offshore, Inc.*	4,300		102,598
Helix Energy Solutions Group, Inc.*	44,500		228,730
Helmerich & Payne, Inc.	63,220		1,439,520
IHS, Inc., Class A*	10,600		436,508
ION Geophysical Corp.*	20,100		31,356
Key Energy Services, Inc.*	5,800		16,704
Lufkin Industries, Inc.	1,200		45,456
Matrix Service Co.*	6,200		50,964
Mitcham Industries, Inc.*	2,700		10,287
NATCO Group, Inc., Class A*	4,800		90,864
National Oilwell Varco, Inc.*	27,300		783,783
Natural Gas Services Group, Inc.*	2,500		22,500
Oceaneering International, Inc.*^	26,420		974,105
Oil States International, Inc.*	7,900		106,018
OYO Geospace Corp.*^	1,100		14,366
Parker Drilling Co.*	5,600		10,304
Patterson-UTI Energy, Inc.	23,600		211,456
PHI, Inc.*	2,000		19,960
Pioneer Drilling Co.*	1,700		5,576
Rowan Cos., Inc.	9,600		114,912
RPC, Inc.^	6,900		45,747
SEACOR Holdings, Inc.*^	600		34,986
Sulphco, Inc.*^	15,900		17,013
Superior Energy Services, Inc.*	79,080		1,019,341
Superior Well Services, Inc.*	3,000		15,390
T-3 Energy Services, Inc.*	2,900		34,162
Tesco Corp.*^	19,020		148,736
TETRA Technologies, Inc.*^	17,800		57,850
Tidewater, Inc.	600		22,278
Union Drilling, Inc.*	1,400		5,320
Unit Corp.*^	8,700		182,004
Weatherford International Ltd.*	85,190		943,053

116

AXA PREMIER VIP TRUST

MULTIMANAGER MID CAP GROWTH PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Number of Shares	Value (Note 1)
Willbros Group, Inc.*	9,800	$	95,060
			11,032,944
Oil, Gas & Consumable Fuels (4.2%)
Abraxas Petroleum Corp.*	11,600		11,948
Alpha Natural Resources, Inc.*	38,100		676,275
American Oil & Gas, Inc.*	2,500		1,925
Apco Argentina, Inc.	1,100		12,122
Approach Resources, Inc.*	2,500		15,500
Arena Resources, Inc.*	9,200		234,416
Atlas America, Inc.	8,600		75,250
ATP Oil & Gas Corp.*^	5,900		30,267
Berry Petroleum Co., Class A^	6,500		71,240
Bill Barrett Corp.*	47,520		1,056,845
BMB Munai, Inc.*	900		522
BPZ Resources, Inc.*	14,300		52,910
Cabot Oil & Gas Corp.	27,500		648,175
Cano Petroleum, Inc.*^	13,000		5,590
Carrizo Oil & Gas, Inc.*^	6,800		60,384
Cheniere Energy, Inc.*	8,900		37,914
Clayton Williams Energy, Inc.*	1,200		35,088
Clean Energy Fuels Corp.*^	5,500		33,495
CNX Gas Corp.*	6,800		161,228
Comstock Resources, Inc.*	11,100		330,780
Concho Resources, Inc.*^	26,840		686,836
Contango Oil & Gas Co.*^	3,200		125,440
Crosstex Energy, Inc.	11,100		18,204
CVR Energy, Inc.*^	5,000		27,700
Delta Petroleum Corp.*^	17,200		20,640
DHT Maritime, Inc.	5,100		19,584
Double Eagle Petroleum Co.*	2,300		11,891
Encore Acquisition Co.*^	3,300		76,791
Endeavour International Corp.*	31,400		27,318
Energy XXI Bermuda Ltd.	2,100		788
EOG Resources, Inc.	37,250		2,039,809
Evergreen Energy, Inc.*	27,700		38,558
EXCO Resources, Inc.*	34,400		344,000
Foundation Coal Holdings, Inc.	11,000		157,850
Frontier Oil Corp.	25,200		322,308
Frontline Ltd.^	12,000		208,680
FX Energy, Inc.*^	8,700		24,186
Gasco Energy, Inc.*	25,800		10,062
General Maritime Corp.^	11,500		80,500
GeoGlobal Resources, Inc.*	10,400		7,488
GeoMet, Inc.*	700		406
GeoResources, Inc.*	1,700		11,424
GMX Resources, Inc.*^	1,800		11,700
Golar LNG Ltd.^	8,100		27,783
Goodrich Petroleum Corp.*^	5,500		106,480
Gran Tierra Energy, Inc.*	52,900		132,779
GreenHunter Energy, Inc.*^	1,300		2,470
Gulfport Energy Corp.*^	2,300		5,336
Holly Corp.	10,500		222,600
Houston American Energy Corp.	4,100		7,626
International Coal Group, Inc.*^	30,100		48,461
James River Coal Co.*	6,900		85,146
Knightsbridge Tankers Ltd.	4,200		61,110
Lundin Petroleum AB*	88,993		479,464
Mariner Energy, Inc.*	88,500		685,875
Massey Energy Co.	20,800		210,496
McMoRan Exploration Co.*	119,500		561,650
National Coal Corp.*	7,000		9,520
Newfield Exploration Co.*	21,400		485,780
Nordic American Tanker Shipping Ltd.^	2,500		73,250
Northern Oil and Gas, Inc.*	5,900		21,240
Oilsands Quest, Inc.*	5,700		4,104
Pacific Ethanol, Inc.*^	9,600		3,168
Panhandle Oil and Gas, Inc., Class A.	1,600		27,392
Parallel Petroleum Corp.*^	11,400		14,592
Patriot Coal Corp.*^	19,400		71,974
Penn Virginia Corp.	28,640		314,467
Petrohawk Energy Corp.*	57,700		1,109,570
Petroleum Development Corp.*	3,500		41,335
PetroQuest Energy, Inc.*^	5,900		14,160
PrimeEnergy Corp.*^	300		14,970
Quest Resource Corp.*	7,100		2,222
Quicksilver Resources, Inc.*^	27,200		150,688
RAM Energy Resources, Inc.*	6,400		4,672
Range Resources Corp.	11,080		456,053
Rentech, Inc.*^	45,700		25,135
Rex Energy Corp.*^	4,700		13,489
Ship Finance International Ltd.	10,200		66,912
Southwestern Energy Co.*	16,400		486,916
St. Mary Land & Exploration Co.	6,000		79,380
Stone Energy Corp.*	900		2,997
Teekay Tankers Ltd., Class A	3,000		28,530
Tesoro Corp.	9,800		132,006
Tri-Valley Corp.*^	6,200		7,068
Uranium Resources, Inc.*^	11,000		5,170
USEC, Inc.*^	7,500		36,000
VAALCO Energy, Inc.*	5,200		27,508
Venoco, Inc.*	5,600		18,368
W&T Offshore, Inc.	7,000		43,050
Walter Industries, Inc.	12,900		295,023
Warren Resources, Inc.*	16,100		15,456
Westmoreland Coal Co.*	2,400		17,208
Whiting Petroleum Corp.*	36,490		943,267
			15,523,953
Total Energy			26,556,897
Financials (5.3%)
Capital Markets (2.7%)
Affiliated Managers Group, Inc.*	43,680		1,821,892
Ameriprise Financial, Inc.	21,180		433,978
BGC Partners, Inc., Class A^	5,000		11,050
Broadpoint Securities Group, Inc.*^	1,200		3,960
Cohen & Steers, Inc.^	2,200		24,552
Diamond Hill Investment Group, Inc.*	400		15,728
E*TRADE Financial Corp.*	20,600		26,368
Eaton Vance Corp.^	25,100		573,535
Epoch Holding Corp.	2,600		17,862
FCStone Group, Inc.*	6,300		14,364
Federated Investors, Inc., Class B^	21,200		471,912
GAMCO Investors, Inc., Class A^	500		16,325
GFI Group, Inc.	15,900		51,039
GLG Partners, Inc.	11,000		31,240
Greenhill & Co., Inc.	15,070		1,112,920
International Assets Holding Corp.*	1,200		12,228
Investment Technology Group, Inc.*	9,900		252,648
Janus Capital Group, Inc.	37,000		246,050
Julius Baer Holding AG (Registered)	18,932		464,440
KBW, Inc.*^	32,920		669,922
Knight Capital Group, Inc., Class A*	2,800		41,272
Ladenburg Thalmann Financial Services, Inc.*	29,600		15,688
Lazard Ltd., Class A^	47,880		1,407,672
MF Global Ltd.*	10,800		45,684
optionsXpress Holdings, Inc.	21,400		243,318
Pzena Investment Management, Inc., Class A	1,700		3,247

117

AXA PREMIER VIP TRUST

MULTIMANAGER MID CAP GROWTH PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Number of Shares	Value (Note 1)
Riskmetrics Group, Inc.*^	5,500	$	78,595
SEI Investments Co.	32,600		398,046
Stifel Financial Corp.*^	15,380		666,108
Teton Advisors, Inc.(b)*†	10		20
thinkorswim Group, Inc.*	12,800		110,592
TradeStation Group, Inc.*	7,500		49,500
U.S. Global Investors, Inc., Class A	3,000		14,610
Waddell & Reed Financial, Inc., Class A	62,600		1,131,182
Westwood Holdings Group, Inc.^	1,100		42,999
			10,520,546
Commercial Banks (0.2%)
Cardinal Financial Corp.	4,200		24,108
Enterprise Financial Services Corp.	1,600		15,616
First Financial Bankshares, Inc.^	800		38,536
Hancock Holding Co.	500		15,640
Pinnacle Financial Partners, Inc.*^	1,400		33,194
PrivateBancorp, Inc.	5,300		76,638
Signature Bank/New York*	7,700		217,371
Smithtown Bancorp, Inc.	500		5,640
Suffolk Bancorp^	1,000		25,990
SVB Financial Group*^	1,700		34,017
SY Bancorp, Inc.	500		12,150
Westamerica Bancorporation	3,300		150,348
			649,248
Consumer Finance (0.1%)
Advance America Cash Advance Centers, Inc.^	3,600		6,084
Cardtronics, Inc.*	3,500		6,195
Cash America International, Inc.	3,100		48,546
Credit Acceptance Corp.*	1,100		23,639
Dollar Financial Corp.*^	5,700		54,264
EZCORP, Inc., Class A*	11,100		128,427
First Cash Financial Services, Inc.*	4,600		68,632
First Marblehead Corp.*	9,900		12,771
World Acceptance Corp.*^	4,000		68,400
			416,958
Diversified Financial Services (0.5%)
Asset Acceptance Capital Corp.*	3,300		17,523
Deutsche Boerse AG	5,547		335,125
Fifth Street Finance Corp.	600		4,644
Interactive Brokers Group, Inc., Class A*	9,700		156,461
Life Partners Holdings, Inc.^	1,575		26,870
MSCI, Inc., Class A*	42,700		722,056
NASDAQ OMX Group, Inc.*	22,300		436,634
NewStar Financial, Inc.*	2,100		4,872
Portfolio Recovery Associates, Inc.*^	2,500		67,100
Primus Guaranty Ltd.*	3,200		5,024
			1,776,309
Insurance (0.6%)
Amtrust Financial Services, Inc.	300		2,865
Argo Group International Holdings Ltd.*	2,500		75,325
Axis Capital Holdings Ltd.	7,700		173,558
Brown & Brown, Inc.^	6,800		128,588
eHealth, Inc.*	5,900		94,459
Employers Holdings, Inc.	800		7,632
Enstar Group, Ltd.*	800		45,056
Erie Indemnity Co., Class A	700		23,926
First Mercury Financial Corp.*	800		11,552
Marsh & McLennan Cos., Inc.	35,590		720,697
Tower Group, Inc.	5,000		123,150
Transatlantic Holdings, Inc.	1,600		57,072
Travelers Cos., Inc.	15,190		617,322
			2,081,202
Real Estate Investment Trusts (REITs) (1.0%)
Acadia Realty Trust (REIT)	3,700		39,257
Alexander’s, Inc. (REIT)^	300		51,114
Apartment Investment & Management Co. (REIT), Class A^	6,500		35,620
Associated Estates Realty Corp. (REIT)^	2,500		14,200
Camden Property Trust (REIT)	8,200		176,956
Cousins Properties, Inc. (REIT)^	6,100		39,284
Digital Realty Trust, Inc. (REIT)^	12,500		414,750
DuPont Fabros Technology, Inc. (REIT)	2,000		13,760
EastGroup Properties, Inc. (REIT)	1,900		53,333
Equity Lifestyle Properties, Inc. (REIT)	3,200		121,920
Essex Property Trust, Inc. (REIT)^	1,400		80,276
Federal Realty Investment Trust (REIT)^	4,200		193,200
FelCor Lodging Trust, Inc. (REIT)	74,300		101,048
Health Care REIT, Inc. (REIT)	3,000		91,770
Highwoods Properties, Inc. (REIT)	1,000		21,420
Home Properties, Inc. (REIT)	3,300		101,145
Inland Real Estate Corp. (REIT)^	4,100		29,069
iStar Financial, Inc. (REIT)^	58,700		164,947
Kilroy Realty Corp. (REIT)^	800		13,752
Mid-America Apartment Communities, Inc. (REIT)	3,900		120,237
Nationwide Health Properties, Inc. (REIT)	2,200		48,818
Omega Healthcare Investors, Inc. (REIT)	2,200		30,976
Potlatch Corp. (REIT)	3,400		78,846
PS Business Parks, Inc. (REIT)	1,000		36,850
Rayonier, Inc. (REIT)	2,400		72,528
Saul Centers, Inc. (REIT)	1,400		32,158
Simon Property Group, Inc. (REIT)	18,200		630,448
Sun Communities, Inc. (REIT)	2,300		27,209
Tanger Factory Outlet Centers (REIT)^	7,800		240,708
Taubman Centers, Inc. (REIT)^	12,700		216,408
Universal Health Realty Income Trust (REIT)	400		11,692
Ventas, Inc. (REIT)^	5,700		128,877
Washington Real Estate Investment Trust (REIT)	6,500		112,450
			3,545,026
Real Estate Management & Development (0.1%)
Consolidated-Tomoka Land Co.^	800		23,760
Forest City Enterprises, Inc., Class A^	18,800		67,680
Forestar Group, Inc.*^	700		5,355
Grubb & Ellis Co.^	8,100		5,103
St. Joe Co.*	19,000		318,060
Tejon Ranch Co.*^	2,800		57,876
Thomas Properties Group, Inc.	1,300		1,534
			479,368
Thrifts & Mortgage Finance (0.1%)
Capitol Federal Financial	2,000		75,620
Danvers Bancorp, Inc.^	1,700		23,477
Doral Financial Corp.*	100		180
Oritani Financial Corp.*	2,300		32,200
TrustCo Bank Corp. NY/New York	6,200		37,324

118

AXA PREMIER VIP TRUST

MULTIMANAGER MID CAP GROWTH PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Number of Shares	Value (Note 1)
ViewPoint Financial Group	2,200	$	26,466
			195,267
Total Financials			19,663,924
Health Care (19.5%)
Biotechnology (4.6%)
Abraxis Bioscience, Inc.*	1,700		81,056
Acadia Pharmaceuticals, Inc.*	9,100		8,645
Acorda Therapeutics, Inc.*^	30,040		595,092
Affymax, Inc.*^	2,400		38,664
Alexion Pharmaceuticals, Inc.*^	58,170		2,190,682
Alkermes, Inc.*	23,000		278,990
Allos Therapeutics, Inc.*	12,400		76,632
Alnylam Pharmaceuticals, Inc.*^	8,600		163,744
Amicus Therapeutics, Inc.*^	1,400		12,782
Amylin Pharmaceuticals, Inc.*	60,590		711,933
Arena Pharmaceuticals, Inc.*	5,400		16,254
ARIAD Pharmaceuticals, Inc.*	19,200		22,848
ArQule, Inc.*	9,200		38,088
Array BioPharma, Inc.*^	10,600		27,984
BioMarin Pharmaceutical, Inc.*^	58,800		726,180
Celera Corp.*	6,900		52,647
Cell Genesys, Inc.*	23,700		6,871
Celldex Therapeutics, Inc.*^	4,100		26,691
Cephalon, Inc.*^	29,380		2,000,778
Cepheid, Inc.*^	14,400		99,360
Cougar Biotechnology, Inc.*	3,600		115,920
Cubist Pharmaceuticals, Inc.*	13,700		224,132
CV Therapeutics, Inc.*	14,900		296,212
Cytokinetics, Inc.*	8,700		14,790
Cytori Therapeutics, Inc.*^	6,000		10,320
Dendreon Corp.*^	23,400		98,280
Dyax Corp.*	12,400		31,124
Emergent Biosolutions, Inc.*	2,400		32,424
Enzon Pharmaceuticals, Inc.*^	11,100		67,377
Facet Biotech Corp.*	5,500		52,250
Genomic Health, Inc.*^	3,200		78,016
Geron Corp.*^	13,500		60,345
GTx, Inc.*^	4,500		47,610
Halozyme Therapeutics, Inc.*	15,400		84,084
Human Genome Sciences, Inc.*^	4,400		3,652
Idenix Pharmaceuticals, Inc.*	6,900		21,252
Idera Pharmaceuticals, Inc.*	4,600		29,762
Immunogen, Inc.*^	12,800		90,880
Immunomedics, Inc.*^	18,000		17,280
Incyte Corp.*^	73,000		170,820
InterMune, Inc.*^	8,700		143,028
Isis Pharmaceuticals, Inc.*	21,800		327,218
Lexicon Pharmaceuticals, Inc.*^	6,600		7,194
Ligand Pharmaceuticals, Inc., Class B*	25,800		76,884
MannKind Corp.*^	7,500		26,100
Marshall Edwards, Inc.*	5,700		2,280
Martek Biosciences Corp.*	8,100		147,825
Maxygen, Inc.*	2,800		19,040
Medarex, Inc.*	31,900		163,647
Metabolix, Inc.*^	4,300		29,326
Molecular Insight Pharmaceuticals, Inc.*	4,900		17,444
Momenta Pharmaceuticals, Inc.*	6,500		71,565
Myriad Genetics, Inc.*	50,300		2,287,141
Nabi Biopharmaceuticals*	1,300		4,810
Nanosphere, Inc.*	3,600		17,892
Neurocrine Biosciences, Inc.*^	8,700		30,885
Novavax, Inc.*	16,000		16,320
NPS Pharmaceuticals, Inc.*	11,200		47,040
Onyx Pharmaceuticals, Inc.*	28,760		821,098
Opko Health, Inc.*	13,200		12,936
Orexigen Therapeutics, Inc.*^	5,600		14,616
OSI Pharmaceuticals, Inc.*^	25,280		967,213
Osiris Therapeutics, Inc.*^	3,700		51,060
PDL BioPharma, Inc.	29,100		206,028
Pharmasset, Inc.*	4,700		46,107
Progenics Pharmaceuticals, Inc.*^	6,300		41,517
Protalix BioTherapeutics, Inc.*	3,000		6,000
Regeneron Pharmaceuticals, Inc.*	15,300		212,058
Repligen Corp.*	6,900		33,051
Rexahn Pharmaceuticals, Inc.*^	8,100		5,670
Rigel Pharmaceuticals, Inc.*^	8,700		53,418
Sangamo BioSciences, Inc.*^	8,400		35,532
Savient Pharmaceuticals, Inc.*	13,400		66,330
Seattle Genetics, Inc.*^	15,900		156,774
Synta Pharmaceuticals Corp.*^	4,600		9,844
Targacept, Inc.*	5,000		13,400
Theravance, Inc.*	12,500		212,500
United Therapeutics Corp.*^	12,800		845,952
Vertex Pharmaceuticals, Inc.*	39,300		1,129,089
XOMA Ltd.*	36,500		19,345
ZymoGenetics, Inc.*	8,500		33,915
			17,151,543
Health Care Equipment & Supplies (5.6%)
Abaxis, Inc.*^	5,200		89,648
Abiomed, Inc.*	8,100		39,690
Accuray, Inc.*	8,500		42,755
Align Technology, Inc.*	15,000		118,950
Alphatec Holdings, Inc.*	6,900		12,213
American Medical Systems Holdings, Inc.*	92,300		1,029,145
Analogic Corp.	3,300		105,666
AngioDynamics, Inc.*	2,100		23,604
Atrion Corp.	400		35,296
Beckman Coulter, Inc.	12,400		632,524
Conceptus, Inc.*	7,100		83,425
CONMED Corp.*	600		8,646
CryoLife, Inc.*	6,300		32,634
Cyberonics, Inc.*	5,700		75,639
Cynosure, Inc., Class A*^	2,700		16,443
DENTSPLY International, Inc.^	36,300		974,655
DexCom, Inc.*^	134,300		556,002
Edwards Lifesciences Corp.*	13,400		812,442
ev3, Inc.*^	3,800		26,980
Exactech, Inc.*	2,100		24,129
Gen-Probe, Inc.*	27,660		1,260,743
Haemonetics Corp.*	6,300		347,004
Hansen Medical, Inc.*^	4,700		18,894
Hill-Rom Holdings, Inc.	2,400		23,736
Hologic, Inc.*	31,500		412,335
ICU Medical, Inc.*	1,500		48,180
Idexx Laboratories, Inc.*^	32,800		1,134,224
I-Flow Corp.*	6,000		21,900
Immucor, Inc.*	41,840		1,052,276
Insulet Corp.*	5,100		20,910
Integra LifeSciences Holdings Corp.*^	4,500		111,285
Intuitive Surgical, Inc.*	15,330		1,461,869
Invacare Corp.	1,600		25,648
Inverness Medical Innovations, Inc.*^	9,500		252,985
IRIS International, Inc.*^	4,400		50,732
Kensey Nash Corp.*	1,600		34,032
Kinetic Concepts, Inc.*^	13,800		291,456
Masimo Corp.*^	31,580		915,188
Medical Action Industries, Inc.*	1,500		12,435

119

AXA PREMIER VIP TRUST

MULTIMANAGER MID CAP GROWTH PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Number of Shares	Value (Note 1)
Meridian Bioscience, Inc.^	13,760	$	249,331
Merit Medical Systems, Inc.*	7,000		85,470
Micrus Endovascular Corp.*^	4,300		25,671
Natus Medical, Inc.*	6,800		57,868
Neogen Corp.*	3,600		78,588
NuVasive, Inc.*^	33,360		1,046,837
NxStage Medical, Inc.*^	4,300		11,094
OraSure Technologies, Inc.*	12,000		30,360
Orthofix International N.V.*	1,600		29,632
Orthovita, Inc.*	15,900		42,612
Quidel Corp.*	7,100		65,462
ResMed, Inc.*	32,000		1,130,880
RTI Biologics, Inc.*	12,500		35,625
Sirona Dental Systems, Inc.*	3,900		55,848
Somanetics Corp.*	2,800		42,504
SonoSite, Inc.*	3,900		69,732
Spectranetics Corp.*	8,700		22,011
St. Jude Medical, Inc.*	55,320		2,009,775
Stereotaxis, Inc.*^	6,700		26,733
STERIS Corp.	14,300		332,904
SurModics, Inc.*	3,900		71,175
Symmetry Medical, Inc.*	2,900		18,299
Synovis Life Technologies, Inc.*	2,700		37,368
Thoratec Corp.*	13,400		344,246
TomoTherapy, Inc.*	10,700		28,355
TranS1, Inc.*	3,400		20,706
Varian Medical Systems, Inc.*	39,490		1,202,076
Vision-Sciences, Inc.*^	4,700		6,016
Vnus Medical Technologies, Inc.*	3,300		70,191
Volcano Corp.*	38,900		565,995
West Pharmaceutical Services, Inc.^	8,000		262,480
Wright Medical Group, Inc.*	9,200		119,876
Zoll Medical Corp.*	5,200		74,672
			20,506,710
Health Care Providers & Services (3.0%)
Air Methods Corp.*^	2,600		43,966
Alliance HealthCare Services, Inc.*	5,500		37,400
Almost Family, Inc.*^	1,400		26,726
Amedisys, Inc.*^	6,500		178,685
AMN Healthcare Services, Inc.*	7,200		36,720
Assisted Living Concepts, Inc., Class A*	1,640		22,238
Bio-Reference Labs, Inc.*^	2,900		60,639
BMP Sunstone Corp.*	5,700		18,411
Capital Senior Living Corp.*	400		976
CardioNet, Inc.*	1,200		33,672
Catalyst Health Solutions, Inc.*	8,200		162,524
Centene Corp.*	1,000		18,020
Chemed Corp.^	4,000		155,600
Chindex International, Inc.*^	3,100		15,407
Community Health Systems, Inc.*^	48,600		745,524
Corvel Corp.*	1,900		38,418
Cross Country Healthcare, Inc.*	1,600		10,480
Emergency Medical Services Corp., Class A*	1,000		31,390
Emeritus Corp.*	4,400		28,864
Ensign Group, Inc.	100		1,546
Five Star Quality Care, Inc.*	500		520
Genoptix, Inc.*	2,100		57,288
Gentiva Health Services, Inc.*	2,600		39,520
Health Management Associates, Inc., Class A*	40,700		105,006
Health Net, Inc.*	1,600		23,168
Healthways, Inc.*^	8,800		77,176
Henry Schein, Inc.*	20,400		816,204
HMS Holdings Corp.*^	25,860		850,794
Humana, Inc.*	21,550		562,024
inVentiv Health, Inc.*	8,100		66,096
IPC The Hospitalist Co., Inc.*	1,200		22,836
Landauer, Inc.	1,200		60,816
LHC Group, Inc.*	3,700		82,436
Lincare Holdings, Inc.*	16,400		357,520
McKesson Corp.	46,070		1,614,293
MEDNAX, Inc.*	9,700		285,859
MWI Veterinary Supply, Inc.*^	19,400		552,512
National Healthcare Corp.^	1,900		76,285
National Research Corp.	400		9,936
Nighthawk Radiology Holdings, Inc.*	600		1,620
Odyssey HealthCare, Inc.*	2,000		19,400
Omnicare, Inc.	1,900		46,531
Owens & Minor, Inc.	9,100		301,483
Patterson Cos., Inc.*	29,500		556,370
Providence Service Corp.*	2,900		19,952
PSS World Medical, Inc.*	15,300		219,555
Psychiatric Solutions, Inc.*^	73,800		1,160,874
RadNet, Inc.*	5,400		6,696
Sun Healthcare Group, Inc.*	10,100		85,244
Sunrise Senior Living, Inc.*	11,000		7,480
Tenet Healthcare Corp.*	68,100		78,996
U.S. Physical Therapy, Inc.*	2,600		25,168
VCA Antech, Inc.*^	49,100		1,107,205
Virtual Radiologic Corp.*	1,800		12,582
WellCare Health Plans, Inc.*	10,500		118,125
			11,094,776
Health Care Technology (0.9%)
Allscripts-Misys Healthcare Solutions, Inc.^	35,700		367,353
athenahealth, Inc.*^	22,260		536,689
Cerner Corp.*^	26,290		1,155,971
Computer Programs & Systems, Inc.^	1,800		59,886
Eclipsys Corp.*^	13,300		134,862
HLTH Corp.*	7,400		76,590
MedAssets, Inc.*	47,900		682,575
Omnicell, Inc.*	7,600		59,432
Phase Forward, Inc.*	19,229		245,939
Vital Images, Inc.*	1,700		19,159
			3,338,456
Life Sciences Tools & Services (3.3%)
Accelrys, Inc.*	7,400		29,452
Affymetrix, Inc.*	10,200		33,354
Albany Molecular Research, Inc.*	2,500		23,575
AMAG Pharmaceuticals, Inc.*^	8,400		308,868
Bio-Rad Laboratories, Inc., Class A*	4,600		303,140
Bruker Corp.*	12,400		76,384
Cambrex Corp.*^	4,600		10,488
Charles River Laboratories International, Inc.*	7,600		206,796
Clinical Data, Inc.*	2,400		25,920
Covance, Inc.*	15,400		548,702
Dionex Corp.*^	4,500		212,625
Enzo Biochem, Inc.*	6,800		27,336
eResearchTechnology, Inc.*	10,600		55,756
Exelixis, Inc.*^	26,200		120,520
ICON plc (ADR)*	23,940		386,631
Illumina, Inc.*^	49,340		1,837,421
Kendle International, Inc.*	3,200		67,072
Life Sciences Research, Inc.*	2,400		17,208
Life Technologies Corp.*	46,220		1,501,226
Luminex Corp.*	10,100		183,012
Medivation, Inc.*	13,800		252,126

120

AXA PREMIER VIP TRUST

MULTIMANAGER MID CAP GROWTH PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Number of Shares	Value (Note 1)
Millipore Corp.*	13,400	$	769,294
Nektar Therapeutics*	9,000		48,510
PAREXEL International Corp.*	78,400		762,832
PerkinElmer, Inc.	12,800		163,456
Pharmaceutical Product Development, Inc.	26,000		616,720
QIAGEN N.V.*^	15,800		252,168
Sequenom, Inc.*^	112,550		1,600,461
Techne Corp.	9,400		514,274
Varian, Inc.*	6,800		161,432
Waters Corp.*	24,400		901,580
			12,018,339
Pharmaceuticals (2.1%)
Acura Pharmaceuticals, Inc.*^	2,300		14,766
Adolor Corp.*	12,700		25,908
Akorn, Inc.*	15,700		13,502
Alexza Pharmaceuticals, Inc.*^	6,600		14,586
Ardea Biosciences, Inc.*	3,400		34,986
Auxilium Pharmaceuticals, Inc.*	63,620		1,763,546
Biodel, Inc.*^	3,000		15,630
BioForm Medical, Inc.*	4,900		5,978
BioMimetic Therapeutics, Inc.*^	2,900		20,590
Cadence Pharmaceuticals, Inc.*^	77,200		724,136
Caraco Pharmaceutical Laboratories Ltd.*	3,000		10,560
Columbia Laboratories, Inc.*^	12,900		18,576
Cypress Bioscience, Inc.*	7,500		53,325
Daiichi Sankyo Co., Ltd.	32,970		557,228
Depomed, Inc.*	11,000		25,960
Discovery Laboratories, Inc.*	21,200		25,864
Durect Corp.*	19,300		43,039
Endo Pharmaceuticals Holdings, Inc.*	26,500		468,520
Impax Laboratories, Inc.*	23,400		122,616
Inspire Pharmaceuticals, Inc.*	9,700		39,382
Javelin Pharmaceuticals, Inc.*^	13,600		19,584
Jazz Pharmaceuticals, Inc.*	1,100		979
KV Pharmaceutical Co., Class A*	9,000		14,850
MAP Pharmaceuticals, Inc.*	2,200		4,620
Medicines Co.*	12,700		137,668
Medicis Pharmaceutical Corp., Class A	13,500		166,995
MiddleBrook Pharmaceuticals, Inc.*^	9,900		13,464
Mylan, Inc.*^	13,700		183,717
Noven Pharmaceuticals, Inc.*	6,200		58,776
Obagi Medical Products, Inc.*	4,900		26,362
Optimer Pharmaceuticals, Inc.*	6,500		85,735
Pain Therapeutics, Inc.*	7,700		32,340
Penwest Pharmaceuticals Co.*	55,100		90,364
Perrigo Co.	19,100		474,253
Pozen, Inc.*	6,000		36,720
Questcor Pharmaceuticals, Inc.*	12,500		61,500
Sepracor, Inc.*	26,100		382,626
Shionogi & Co., Ltd.	52,760		907,075
Sucampo Pharmaceuticals, Inc., Class A*	2,500		15,325
Valeant Pharmaceuticals International*	7,500		133,425
Vivus, Inc.*	16,800		72,576
Warner Chilcott Ltd., Class A*	22,100		232,492
Watson Pharmaceuticals, Inc.*	12,500		388,875
XenoPort, Inc.*	6,700		129,712
			7,668,731
Total Health Care			71,778,555
Industrials (14.9%)
Aerospace & Defense (1.5%)
AAR Corp.*	2,400		30,096
Aerovironment, Inc.*^	2,600		54,340
Alliant Techsystems, Inc.*^	3,500		234,430
American Science & Engineering, Inc.	2,200		122,760
Applied Signal Technology, Inc.	1,000		20,230
Argon ST, Inc.*	2,800		53,116
Ascent Solar Technologies, Inc.*	2,100		8,526
Axsys Technologies, Inc.*	33,240		1,397,410
BE Aerospace, Inc.*^	93,800		813,246
Curtiss-Wright Corp.	9,200		258,060
DynCorp International, Inc., Class A*	500		6,665
Esterline Technologies Corp.*	6,100		123,159
GenCorp, Inc.*^	12,800		27,136
HEICO Corp.	5,300		128,790
Herley Industries, Inc.*	1,300		15,548
Hexcel Corp.*	185,760		1,220,443
LMI Aerospace, Inc.*	1,500		10,860
Moog, Inc., Class A*	1,200		27,444
Orbital Sciences Corp.*	19,960		237,324
Stanley, Inc.*	2,300		58,397
Taser International, Inc.*	15,700		73,476
Teledyne Technologies, Inc.*	8,800		234,784
TransDigm Group, Inc.*	8,000		262,720
Triumph Group, Inc.^	2,200		84,040
			5,503,000
Air Freight & Logistics (0.1%)
Dynamex, Inc.*	1,200		15,696
Forward Air Corp.	7,000		113,610
Hub Group, Inc., Class A*	5,800		98,600
Pacer International, Inc.	3,700		12,950
UTi Worldwide, Inc.	21,700		259,315
			500,171
Airlines (0.9%)
AirTran Holdings, Inc.*	14,900		67,795
Allegiant Travel Co.*^	43,560		1,980,237
AMR Corp.*^	33,800		107,822
Copa Holdings S.A., Class A	5,200		149,084
Delta Air Lines, Inc.*	36,200		203,806
Hawaiian Holdings, Inc.*	8,300		30,959
Ryanair Holdings plc (ADR)*	25,470		588,612
UAL Corp.*^	14,700		65,856
			3,194,171
Building Products (0.2%)
AAON, Inc.^	3,300		59,796
American Woodmark Corp.^	1,800		31,608
Ameron International Corp.^	500		26,330
Apogee Enterprises, Inc.^	3,300		36,234
China Architectural Engineering, Inc.*^	5,200		5,096
Insteel Industries, Inc.^	500		3,480
Lennox International, Inc.	11,300		298,998
Quanex Building Products Corp.	5,600		42,560
Trex Co., Inc.*^	1,200		9,156
USG Corp.*^	8,900		67,729
			580,987
Commercial Services & Supplies (2.3%)
American Ecology Corp.	4,100		57,154
American Reprographics Co.*	7,900		27,966
Amrep Corp.*	100		1,570
Bowne & Co., Inc.	600		1,926
Brink’s Co.	9,900		261,954

121

AXA PREMIER VIP TRUST

MULTIMANAGER MID CAP GROWTH PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Number of Shares	Value (Note 1)
Casella Waste Systems, Inc., Class A*^	3,600	$	6,156
Cenveo, Inc.*^	10,500		34,125
Clean Harbors, Inc.*	9,700		465,600
Consolidated Graphics, Inc.*	1,600		20,352
Copart, Inc.*^	15,300		453,798
Corrections Corp. of America*	27,100		347,151
Covanta Holding Corp.*	29,300		383,537
Deluxe Corp.	6,600		63,558
EnergySolutions, Inc.	8,100		70,065
EnerNOC, Inc.*	300		4,362
Fuel Tech, Inc.*^	4,500		47,070
GEO Group, Inc.*^	12,300		162,975
GeoEye, Inc.*	500		9,875
Healthcare Services Group, Inc.^	9,700		145,209
Herman Miller, Inc.	7,700		82,082
HNI Corp.	1,100		11,440
ICT Group, Inc.*	1,100		6,127
Innerworkings, Inc.*	6,900		29,463
Interface, Inc., Class A	11,400		34,086
Iron Mountain, Inc.*^	84,454		1,872,345
Knoll, Inc.^	10,800		66,204
M&F Worldwide Corp.*	200		2,342
McGrath RentCorp.	4,000		63,040
Metalico, Inc.*	6,700		11,390
Mine Safety Appliances Co.	2,600		52,052
Mobile Mini, Inc.*^	69,700		802,944
Multi-Color Corp.	2,000		24,460
PRG-Schultz International, Inc.*	4,200		11,928
Protection One, Inc.*	1,700		5,423
Rollins, Inc.	10,000		171,500
Standard Parking Corp.*	1,600		26,240
Standard Register Co.^	1,300		5,954
Stericycle, Inc.*^	34,924		1,666,923
Sykes Enterprises, Inc.*	8,200		136,366
Team, Inc.*	4,500		52,740
Tetra Tech, Inc.*	14,500		295,510
Waste Connections, Inc.*	19,500		501,150
			8,496,112
Construction & Engineering (0.8%)
Aecom Technology Corp.*	23,800		620,704
EMCOR Group, Inc.*^	6,300		108,171
Furmanite Corp.*	7,500		23,325
Integrated Electrical Services, Inc.*	500		4,560
KBR, Inc.	33,800		466,778
Layne Christensen Co.*	1,200		19,284
MasTec, Inc.*	9,400		113,646
Michael Baker Corp.*	300		7,800
Orion Marine Group, Inc.*	5,400		70,740
Perini Corp.*	5,100		62,730
Pike Electric Corp.*	1,500		13,875
Quanta Services, Inc.*	37,200		797,940
Shaw Group, Inc.*	20,200		553,682
Sterling Construction Co., Inc.*	1,700		30,328
URS Corp.*^	3,800		153,558
			3,047,121
Electrical Equipment (2.2%)
Acuity Brands, Inc.^	8,600		193,844
Advanced Battery Technologies, Inc.*	12,100		25,894
Akeena Solar, Inc.*	5,800		6,496
American Superconductor Corp.*^	10,200		176,562
AMETEK, Inc.^	60,060		1,878,076
AZZ, Inc.*^	1,100		29,029
Baldor Electric Co.^	44,180		640,168
Beacon Power Corp.*	26,700		12,549
Belden, Inc.	3,200		40,032
Capstone Turbine Corp.*	37,800		27,216
China BAK Battery, Inc.*	7,000		11,970
Coleman Cable, Inc.*^	1,600		3,408
Ener1, Inc.*^	9,200		47,564
Energy Conversion Devices, Inc.*^	11,200		148,624
EnerSys*	40,280		488,194
Evergreen Solar, Inc.*^	33,900		72,207
First Solar, Inc.*	13,250		1,758,275
Franklin Electric Co., Inc.	3,500		77,455
FuelCell Energy, Inc.*	16,300		39,120
Fushi Copperweld, Inc.*^	4,000		19,200
General Cable Corp.*	12,700		251,714
GrafTech International Ltd.*	23,500		144,760
GT Solar International, Inc.*	5,700		37,848
Harbin Electric, Inc.*	2,100		12,915
Hubbell, Inc., Class B	5,900		159,064
II-VI, Inc.*	6,000		103,080
LaBarge, Inc.*	3,100		25,947
Medis Technologies Ltd.*	8,100		3,564
Microvision, Inc.*	18,800		24,252
Orion Energy Systems, Inc.*	2,500		11,025
Polypore International, Inc.*	4,400		17,688
Powell Industries, Inc.*	1,700		60,027
Power-One, Inc.*	1,300		1,144
PowerSecure International, Inc.*	4,700		16,074
Preformed Line Products Co.^	100		3,764
Roper Industries, Inc.	21,800		925,410
SunPower Corp., Class B*	16,200		320,760
Ultralife Corp.*	2,700		20,871
Valence Technology, Inc.*^	11,300		24,069
Vicor Corp.	5,400		26,406
Woodward Governor Co.	11,200		125,216
			8,011,481
Industrial Conglomerates (0.0%)
Carlisle Cos., Inc.^	1,500		29,445
Raven Industries, Inc.^	4,000		83,120
			112,565
Machinery (3.5%)
3D Systems Corp.*	3,600		23,724
Actuant Corp., Class A^	56,980		588,603
AGCO Corp.*	16,300		319,480
Altra Holdings, Inc.*	7,300		28,324
American Railcar Industries, Inc.	2,000		15,260
Ampco-Pittsburgh Corp.	1,700		22,542
Astec Industries, Inc.*^	4,000		104,920
Badger Meter, Inc.^	3,300		95,337
Barnes Group, Inc.^	11,700		125,073
Bucyrus International, Inc.	56,020		850,384
Chart Industries, Inc.*	20,504		161,572
China Fire & Security Group, Inc.*	3,000		23,580
CIRCOR International, Inc.	3,600		81,072
CLARCOR, Inc.	7,700		193,963
Colfax Corp.*	32,560		223,687
Columbus McKinnon Corp.*	600		5,232
Donaldson Co., Inc.^	18,900		507,276
Dynamic Materials Corp.^	3,500		32,060
Energy Recovery, Inc.*^	2,800		21,280
EnPro Industries, Inc.*	700		11,970
ESCO Technologies, Inc.*	6,200		239,940
Flanders Corp.*	4,500		18,180
Flow International Corp.*^	10,300		16,686
Force Protection, Inc.*	128,100		614,880
FreightCar America, Inc.	400		7,012
Gorman-Rupp Co.^	3,600		71,280

122

AXA PREMIER VIP TRUST

MULTIMANAGER MID CAP GROWTH PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Number of Shares	Value (Note 1)
Graco, Inc.	14,800	$	252,636
Graham Corp.	2,800		25,116
Harsco Corp.	20,700		458,919
IDEX Corp.^	52,230		1,142,270
Illinois Tool Works, Inc.	29,840		920,564
Joy Global, Inc.	32,840		699,492
Kaydon Corp.	8,300		226,839
Kennametal, Inc.	4,000		64,840
Key Technology, Inc.*	1,500		13,200
K-Tron International, Inc.*	600		36,402
Lincoln Electric Holdings, Inc.^	22,740		720,631
Lindsay Corp.	3,000		81,000
Manitowoc Co., Inc.	31,300		102,351
Met-Pro Corp.^	3,300		26,895
Middleby Corp.*	4,400		142,692
Mueller Industries, Inc.	700		15,183
NN, Inc.	3,600		4,536
Nordson Corp.^	8,200		233,126
Omega Flex, Inc.^	900		14,499
Oshkosh Corp.^	13,100		88,294
Pall Corp.	67,280		1,374,530
Pentair, Inc.	20,560		445,535
PMFG, Inc.*^	3,600		28,368
RBC Bearings, Inc.*	32,600		498,128
Robbins & Myers, Inc.	4,100		62,197
Sauer-Danfoss, Inc.	2,800		6,832
Sun Hydraulics Corp.^	2,700		39,447
Tennant Co.	3,500		32,795
Thermadyne Holdings Corp.*	800		1,696
Timken Co.	1,200		16,752
Titan International, Inc.^	7,700		38,731
Toro Co.^	8,700		210,366
Twin Disc, Inc.	300		2,076
Valmont Industries, Inc.^	13,340		669,801
Wabtec Corp.	10,400		274,352
Xerium Technologies, Inc.*^	5,800		3,886
			13,378,294
Marine (0.3%)
American Commercial Lines, Inc.*	9,800		31,066
Eagle Bulk Shipping, Inc.^	11,600		49,300
Genco Shipping & Trading Ltd.	5,700		70,338
Horizon Lines, Inc., Class A^	8,200		24,846
Kirby Corp.*^	30,700		817,848
TBS International Ltd., Class A*	2,900		21,315
			1,014,713
Professional Services (1.9%)
Administaff, Inc.^	5,200		109,876
Advisory Board Co.*	3,900		64,662
CBIZ, Inc.*^	11,300		78,761
CDI Corp.	300		2,916
Corporate Executive Board Co.	8,400		121,800
CoStar Group, Inc.*	4,800		145,200
CRA International, Inc.*	1,500		28,320
Duff & Phelps Corp., Class A*	17,980		283,185
Dun & Bradstreet Corp.	9,600		739,200
Equifax, Inc.	16,700		408,315
Exponent, Inc.*	2,300		58,259
FTI Consulting, Inc.*^	30,800		1,523,984
Hill International, Inc.*	6,500		19,760
Hudson Highland Group, Inc.*	5,800		6,438
Huron Consulting Group, Inc.*	38,120		1,617,432
ICF International, Inc.*	100		2,297
Kforce, Inc.*	1,100		7,733
Korn/Ferry International*	900		8,154
LECG Corp.*	2,600		6,604
Monster Worldwide, Inc.*	29,600		241,240
Navigant Consulting, Inc.*	11,700		152,919
Odyssey Marine Exploration, Inc.*^	9,500		32,205
Resources Connection, Inc.*^	11,000		165,880
Robert Half International, Inc.	34,800		620,484
Spherion Corp.*	7,100		14,768
TrueBlue, Inc.*	1,200		9,900
VSE Corp.^	1,100		29,370
Watson Wyatt Worldwide, Inc., Class A^	7,000		345,590
			6,845,252
Road & Rail (1.0%)
Con-way, Inc.	1,700		30,481
Genesee & Wyoming, Inc., Class A*	5,300		112,625
Heartland Express, Inc.^	8,400		124,404
Hertz Global Holdings, Inc.*^	4,900		19,257
J.B. Hunt Transport Services, Inc.^	59,010		1,422,731
Kansas City Southern*^	43,000		546,530
Knight Transportation, Inc.^	45,300		686,748
Landstar System, Inc.	12,800		428,416
Old Dominion Freight Line, Inc.*^	4,800		112,752
Ryder System, Inc.	4,700		133,057
Universal Truckload Services, Inc.	400		5,736
			3,622,737
Trading Companies & Distributors (0.2%)
Aceto Corp.	400		2,384
Applied Industrial Technologies, Inc.^	3,100		52,297
Beacon Roofing Supply, Inc.*	5,200		69,628
DXP Enterprises, Inc.*	2,000		20,660
GATX Corp.^	1,500		30,345
Houston Wire & Cable Co.	3,800		29,450
Kaman Corp.	400		5,016
MSC Industrial Direct Co., Class A	10,800		335,556
RSC Holdings, Inc.*	11,700		61,542
TAL International Group, Inc.^	1,100		8,052
Textainer Group Holdings Ltd.	1,200		8,100
Titan Machinery, Inc.*	2,000		17,980
Watsco, Inc.	3,000		102,090
WESCO International, Inc.*^	7,500		135,900
			879,000
Transportation Infrastructure (0.0%)
CAI International, Inc.*	1,500		4,245
Total Industrials			55,189,849
Information Technology (24.4%)
Communications Equipment (2.4%)
Acme Packet, Inc.*	5,700		34,599
ADTRAN, Inc.^	7,700		124,817
Airvana, Inc.*	4,800		28,080
Aruba Networks, Inc.*^	12,100		37,994
Avanex Corp.*	3,700		6,475
Bel Fuse, Inc., Class B	200		2,688
BigBand Networks, Inc.*	7,700		50,435
Blue Coat Systems, Inc.*	7,800		93,678
Brocade Communications Systems, Inc.*	12,100		41,745
Ciena Corp.*^	20,800		161,824
Cogo Group, Inc.*	5,600		37,408
CommScope, Inc.*^	16,700		189,712
Comtech Telecommunications Corp.*	6,900		170,913
DG FastChannel, Inc.*	4,000		75,080
Digi International, Inc.*	1,300		9,971
EchoStar Corp., Class A*^	800		11,864
F5 Networks, Inc.*^	37,580		787,301

123

AXA PREMIER VIP TRUST

MULTIMANAGER MID CAP GROWTH PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Number of Shares	Value (Note 1)
Finisar Corp.*	89,000	$	39,160
Globecomm Systems, Inc.*	3,700		21,423
Harmonic, Inc.*	10,300		66,950
Hughes Communications, Inc.*	2,000		24,060
Infinera Corp.*	22,500		166,500
InterDigital, Inc.*	10,900		281,438
Ixia*	110,500		571,285
JDS Uniphase Corp.*	28,000		91,000
NETGEAR, Inc.*	1,600		19,280
Neutral Tandem, Inc.*	4,200		103,362
Nextwave Wireless, Inc.*	13,400		2,144
Nice Systems Ltd. (ADR)*	78,059		1,940,547
Oplink Communications, Inc.*	2,100		16,170
Opnext, Inc.*^	2,900		4,959
Orbcomm, Inc.*	7,200		10,584
Palm, Inc.*^	22,300		192,226
Parkervision, Inc.*	6,400		10,816
PC-Tel, Inc.	3,300		14,190
Polycom, Inc.*	20,000		307,800
Riverbed Technology, Inc.*^	62,700		820,116
ShoreTel, Inc.*	8,400		36,204
Sonus Networks, Inc.*	51,200		80,384
Starent Networks Corp.*^	38,340		606,155
Sycamore Networks, Inc.*^	5,700		15,219
Tandberg ASA	29,100		428,858
Tekelec*	2,000		26,460
UTStarcom, Inc.*	1,600		1,248
ViaSat, Inc.*	56,700		1,180,494
			8,943,616
Computers & Peripherals (0.8%)
3PAR, Inc.*	6,600		43,362
Compellent Technologies, Inc.*	51,800		562,030
Cray, Inc.*	2,600		9,100
Data Domain, Inc.*^	26,900		338,133
Diebold, Inc.	13,400		286,090
Hypercom Corp.*	10,800		10,368
Immersion Corp.*^	4,000		11,720
Intermec, Inc.*^	14,700		152,880
Isilon Systems, Inc.*	6,800		14,960
Netezza Corp.*	9,700		65,960
Novatel Wireless, Inc.*	3,900		21,918
Presstek, Inc.*	7,700		15,939
Quantum Corp.*	32,000		21,440
Rackable Systems, Inc.*	900		3,654
Rimage Corp.*	200		2,670
Seagate Technology	110,100		661,701
STEC, Inc.*	7,300		53,801
Stratasys, Inc.*^	4,900		40,523
Super Micro Computer, Inc.*	5,600		27,552
Synaptics, Inc.*^	8,400		224,784
Western Digital Corp.*	9,300		179,862
Xyratex Ltd.*	43,900		96,580
			2,845,027
Electronic Equipment, Instruments & Components (2.9%)
Anixter International, Inc.*	700		22,176
Arrow Electronics, Inc.*	1,900		36,214
Avnet, Inc.*	16,300		285,413
AVX Corp.^	1,100		9,988
Benchmark Electronics, Inc.*	2,600		29,120
China Security & Surveillance Technology, Inc.*^	7,900		30,336
Cogent, Inc.*^	6,000		71,400
Cognex Corp.	9,500		126,825
Coherent, Inc.*^	41,700		719,325
Comverge, Inc.*	4,600		31,970
CPI International, Inc.*	200		1,880
Daktronics, Inc.^	7,900		51,745
Dolby Laboratories, Inc., Class A*^	12,400		422,964
DTS, Inc.*^	4,500		108,270
Echelon Corp.*	7,100		57,439
Elixir Gaming Technologies, Inc.*	18,700		2,057
FARO Technologies, Inc.*	53,400		717,696
FLIR Systems, Inc.*	174,030		3,564,134
ICx Technologies, Inc.*	2,100		8,505
IPG Photonics Corp.*^	4,400		37,048
Itron, Inc.*^	34,300		1,624,105
Jabil Circuit, Inc.	23,800		132,328
L-1 Identity Solutions, Inc.*	2,300		11,753
Littelfuse, Inc.*	2,600		28,574
Maxwell Technologies, Inc.*	3,900		27,105
Mettler-Toledo International, Inc.*	8,500		436,305
MTS Systems Corp.	1,400		31,850
Multi-Fineline Electronix, Inc.*	1,600		26,944
National Instruments Corp.	13,800		257,370
OSI Systems, Inc.*	3,100		47,306
Park Electrochemical Corp.	4,100		70,848
PC Mall, Inc.*	2,500		11,350
Plexus Corp.*	8,900		122,998
Rofin-Sinar Technologies, Inc.*	7,100		114,452
Sanmina-SCI Corp.*	45,500		13,878
Scansource, Inc.*	5,000		92,900
Tech Data Corp.*	1,700		37,026
Technitrol, Inc.	700		1,197
Trimble Navigation Ltd.*^	74,400		1,136,832
TTM Technologies, Inc.*	1,500		8,700
Universal Display Corp.*	6,900		63,273
			10,631,599
Internet Software & Services (2.9%)
Akamai Technologies, Inc.*^	74,700		1,449,180
Art Technology Group, Inc.*^	32,400		82,620
AsiaInfo Holdings, Inc.*	8,400		141,540
Bankrate, Inc.*^	3,100		77,345
Chordiant Software, Inc.*	8,200		24,846
comScore, Inc.*	4,300		51,987
Constant Contact, Inc.*	5,100		71,349
DealerTrack Holdings, Inc.*	74,800		979,880
Dice Holdings, Inc.*	4,400		12,232
Digital River, Inc.*^	31,440		937,541
DivX, Inc.*	39,700		199,691
EarthLink, Inc.*	26,600		174,762
Equinix, Inc.*	48,350		2,714,852
GSI Commerce, Inc.*^	5,900		77,290
HSW International, Inc.*	3,300		545
InfoSpace, Inc.*	5,500		28,600
Internap Network Services Corp.*^	7,000		18,830
Internet Brands, Inc., Class A*^	2,700		15,849
Internet Capital Group, Inc.*	6,600		26,598
j2 Global Communications, Inc.*	11,000		240,790
Keynote Systems, Inc.*	700		5,551
Knot, Inc.*	6,700		54,940
Limelight Networks, Inc.*	4,400		14,740
Liquidity Services, Inc.*	3,100		21,669
LoopNet, Inc.*	6,900		41,952
Marchex, Inc., Class B	6,600		22,704
MercadoLibre, Inc.*^	6,100		113,155
Move, Inc.*	30,400		44,080
NIC, Inc.	9,600		49,920
Omniture, Inc.*^	51,800		683,242
Rackspace Hosting, Inc.*^	3,600		26,964
RealNetworks, Inc.*	9,400		21,902

124

AXA PREMIER VIP TRUST

MULTIMANAGER MID CAP GROWTH PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Number of Shares	Value (Note 1)
S1 Corp.*	8,500	$	43,775
SAVVIS, Inc.*	9,100		56,329
Sohu.com, Inc.*^	6,900		285,039
SonicWALL, Inc.*	1,700		7,582
SupportSoft, Inc.*	8,700		16,704
Switch & Data Facilities Co., Inc.*^	4,800		42,096
TechTarget, Inc.*	3,900		9,360
Terremark Worldwide, Inc.*^	11,800		31,742
TheStreet.com, Inc.	3,000		5,910
ValueClick, Inc.*	21,600		183,816
Vignette Corp.*	3,700		24,716
VistaPrint Ltd.*^	45,360		1,246,946
Vocus, Inc.*	4,000		53,160
Web.com Group, Inc.*	1,800		5,976
WebMD Health Corp., Class A*	1,900		42,370
Websense, Inc.*	9,900		118,800
			10,601,467
IT Services (2.8%)
Alliance Data Systems Corp.*^	14,600		539,470
Broadridge Financial Solutions, Inc.	34,100		634,601
CACI International, Inc., Class A*	24,340		888,167
Cass Information Systems, Inc.	1,600		51,888
China Information Security Technology, Inc.*	6,400		20,224
Cognizant Technology Solutions Corp., Class A*	30,980		644,074
CSG Systems International, Inc.*	4,800		68,544
Cybersource Corp.*	51,200		758,272
DST Systems, Inc.*	8,100		280,422
ExlService Holdings, Inc.*	3,100		26,722
Forrester Research, Inc.*	3,900		80,184
Gartner, Inc.*	14,800		162,948
Genpact Ltd.*	14,100		124,926
Global Cash Access Holdings, Inc.*^	7,000		26,740
Global Payments, Inc.	30,700		1,025,686
Hackett Group, Inc.*	11,300		22,826
Heartland Payment Systems, Inc.	5,400		35,694
Hewitt Associates, Inc., Class A*	23,900		711,264
iGATE Corp.	6,100		19,764
Integral Systems, Inc.*	4,000		34,400
ManTech International Corp., Class A*	5,100		213,690
MAXIMUS, Inc.	600		23,916
Metavante Technologies, Inc.*	22,000		439,120
NCI, Inc., Class A*	1,600		41,600
Ness Technologies, Inc.*	1,000		2,950
NeuStar, Inc., Class A*	19,000		318,250
Online Resources Corp.*	6,200		26,102
RightNow Technologies, Inc.*	6,700		50,719
Safeguard Scientifics, Inc.*^	2,600		1,430
SAIC, Inc.*	8,100		151,227
Sapient Corp.*	222,899		996,359
SRA International, Inc., Class A*	5,700		83,790
Syntel, Inc.^	3,200		65,856
TeleTech Holdings, Inc.*	9,200		100,188
TNS, Inc.*	5,100		41,718
Total System Services, Inc.	39,700		548,257
Unisys Corp.*^	54,200		28,726
VeriFone Holdings, Inc.*^	8,500		57,800
Virtusa Corp.*	1,800		11,160
Western Union Co.	57,800		726,546
Wright Express Corp.*	9,100		165,802
			10,252,022
Office Electronics (0.1%)
Zebra Technologies Corp., Class A*^	14,000		266,280
Semiconductors & Semiconductor Equipment (5.0%)
Actel Corp.*^	400		4,048
Advanced Analogic Technologies, Inc.*	10,600		38,160
Advanced Energy Industries, Inc.*	1,900		14,307
Advanced Micro Devices, Inc.*	18,200		55,510
Amkor Technology, Inc.*^	3,800		10,184
ANADIGICS, Inc.*	13,900		28,773
Applied Micro Circuits Corp.*	5,800		28,188
Asyst Technologies, Inc.*^	1,600		448
Atheros Communications, Inc.*^	246,120		3,608,120
Atmel Corp.*	69,300		251,559
ATMI, Inc.*	7,700		118,811
AuthenTec, Inc.*	7,000		10,360
Cabot Microelectronics Corp.*	5,600		134,568
Cavium Networks, Inc.*	54,710		631,353
CEVA, Inc.*	4,100		29,848
Cirrus Logic, Inc.*	10,200		38,352
Cohu, Inc.	500		3,600
Cree, Inc.*^	9,100		214,123
Cymer, Inc.*	15,200		338,352
Cypress Semiconductor Corp.*	33,700		228,149
Diodes, Inc.*^	7,200		76,392
Emcore Corp.*	20,300		15,225
Entegris, Inc.*	1,900		1,634
Entropic Communications, Inc.*	2,200		1,628
Exar Corp.*	1,000		6,240
FormFactor, Inc.*^	78,000		1,405,560
Hittite Microwave Corp.*	15,180		473,616
Integrated Device Technology, Inc.*	18,400		83,720
International Rectifier Corp.*	3,900		52,689
Intersil Corp., Class A^	10,200		117,300
IXYS Corp.	4,100		33,046
Kopin Corp.*	2,000		4,640
Kulicke & Soffa Industries, Inc.*	16,800		44,016
Lattice Semiconductor Corp.*	16,100		22,218
LSI Corp.*	117,100		355,984
LTX-Credence Corp.*^	1,800		504
Maxim Integrated Products, Inc.	51,500		680,315
Micrel, Inc.	11,500		80,960
Microsemi Corp.*^	53,400		619,440
Microtune, Inc.*	150,600		274,092
MIPS Technologies, Inc.*	1,500		4,395
MKS Instruments, Inc.*	800		11,736
Monolithic Power Systems, Inc.*	6,200		96,100
Netlogic Microsystems, Inc.*	36,500		1,003,020
Novellus Systems, Inc.*	7,200		119,736
NVE Corp.*	1,100		31,691
OmniVision Technologies, Inc.*	1,200		8,064
ON Semiconductor Corp.*	272,360		1,062,204
Pericom Semiconductor Corp.*	5,100		37,281
PLX Technology, Inc.*	7,400		16,058
PMC-Sierra, Inc.*	137,660		878,271
Power Integrations, Inc.^	35,600		612,320
Rambus, Inc.*^	25,200		238,392
Rubicon Technology, Inc.*	3,700		19,647
Rudolph Technologies, Inc.*	900		2,727
Semitool, Inc.*	5,200		14,456
Semtech Corp.*	14,400		192,240
Sigma Designs, Inc.*^	5,200		64,688

125

AXA PREMIER VIP TRUST

MULTIMANAGER MID CAP GROWTH PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Number of Shares	Value (Note 1)
Silicon Image, Inc.*	17,300	$	41,520
Silicon Laboratories, Inc.*^	39,500		1,042,800
Skyworks Solutions, Inc.*	77,600		625,456
Spansion, Inc., Class A*^	3,400		441
Standard Microsystems Corp.*	3,000		55,800
Supertex, Inc.*	2,800		64,680
Techwell, Inc.*	4,300		27,133
Teradyne, Inc.*	25,900		113,442
Tessera Technologies, Inc.*	12,000		160,440
Trident Microsystems, Inc.*^	6,700		9,782
Ultratech, Inc.*	5,800		72,442
Varian Semiconductor Equipment Associates, Inc.*^	55,825		1,209,170
Veeco Instruments, Inc.*	6,100		40,687
Verigy Ltd.*	31,900		263,175
Volterra Semiconductor Corp.*	6,100		51,484
			18,327,510
Software (7.5%)
ACI Worldwide, Inc.*	8,200		153,750
Actuate Corp.*	10,900		33,354
Advent Software, Inc.*^	4,600		153,226
Amdocs Ltd.*	67,430		1,248,804
American Software, Inc., Class A	4,100		21,607
ANSYS, Inc.*^	56,800		1,425,680
ArcSight, Inc.*	1,900		24,263
Ariba, Inc.*	61,400		536,022
Autonomy Corp. plc*	112,832		2,114,100
Blackbaud, Inc.	10,000		116,100
Blackboard, Inc.*^	7,500		238,050
BMC Software, Inc.*	26,500		874,500
Bottomline Technologies, Inc.*	136,600		898,828
Callidus Software, Inc.*	8,300		24,070
Commvault Systems, Inc.*	35,500		389,435
Compuware Corp.*	34,800		229,332
Concur Technologies, Inc.*^	65,940		1,265,389
Deltek, Inc.*	3,200		13,856
DemandTec, Inc.*	4,700		41,125
Digimarc Corp.*^	1,700		16,524
Double-Take Software, Inc.*	3,700		25,012
Ebix, Inc.*	1,500		37,275
Entrust, Inc.*^	16,900		25,519
EPIQ Systems, Inc.*^	41,400		746,442
FactSet Research Systems, Inc.^	10,500		524,895
FalconStor Software, Inc.*	10,500		25,095
Guidance Software, Inc.*	2,600		10,608
Informatica Corp.*	52,708		698,908
Interactive Intelligence, Inc.*	2,900		26,274
Jack Henry & Associates, Inc.	16,700		272,544
JDA Software Group, Inc.*	500		5,775
Kenexa Corp.*	4,900		26,411
Lawson Software, Inc.*	28,700		121,975
Macrovision Solutions Corp.*	1,700		30,243
Magma Design Automation, Inc.*	12,100		9,075
Manhattan Associates, Inc.*	5,900		102,188
McAfee, Inc.*^	59,420		1,990,570
Mentor Graphics Corp.*	1,600		7,104
Micros Systems, Inc.*^	19,900		373,125
MicroStrategy, Inc., Class A*	2,300		78,637
Monotype Imaging Holdings, Inc.*	3,000		11,220
Net 1 UEPS Technologies, Inc.*	12,100		184,041
NetScout Systems, Inc.*	6,300		45,108
NetSuite, Inc.*^	2,000		22,520
Novell, Inc.*	38,000		161,880
Nuance Communications, Inc.*^	144,700		1,571,442
OpenTV Corp., Class A*	2,400		3,624
Opnet Technologies, Inc.*	3,300		28,611
Parametric Technology Corp.*	26,400		263,472
Pegasystems, Inc.	3,600		66,852
Phoenix Technologies Ltd.*^	7,600		12,312
Progress Software Corp.*	9,100		157,976
PROS Holdings, Inc.*	3,600		16,740
QAD, Inc.	3,500		8,855
Quality Systems, Inc.^	11,100		502,275
Quest Software, Inc.*	102,880		1,304,518
Radiant Systems, Inc.*	5,900		26,019
Red Hat, Inc.*	142,140		2,535,778
Renaissance Learning, Inc.	2,700		24,219
Smith Micro Software, Inc.*	5,600		29,288
Solera Holdings, Inc.*^	99,140		2,456,689
Sonic Solutions, Inc.*	3,700		4,440
Sourcefire, Inc.*	3,500		25,480
SPSS, Inc.*^	20,400		579,972
SuccessFactors, Inc.*	63,283		482,849
Sybase, Inc.*^	29,600		896,584
Symyx Technologies, Inc.*	4,900		21,805
Synchronoss Technologies, Inc.*	5,100		62,526
Synopsys, Inc.*	34,500		715,185
Take-Two Interactive Software, Inc.*	19,000		158,650
Taleo Corp., Class A*	6,400		75,648
TeleCommunication Systems, Inc., Class A*	8,400		77,028
THQ, Inc.*	10,200		31,008
TiVo, Inc.*	24,700		173,888
Tyler Technologies, Inc.*	8,700		127,281
Ultimate Software Group, Inc.*^	5,900		101,834
Unica Corp.*	3,900		18,837
VASCO Data Security International, Inc.*	6,000		34,620
Wind River Systems, Inc.*	16,700		106,880
			28,083,644
Total Information Technology			89,951,165
Materials (3.4%)
Chemicals (2.4%)
Airgas, Inc.	32,100		1,085,301
Albemarle Corp.	22,400		487,648
American Vanguard Corp.	4,300		55,470
Arch Chemicals, Inc.	2,000		37,920
Ashland, Inc.	1,600		16,528
Balchem Corp.	4,300		108,059
Calgon Carbon Corp.*	46,260		655,504
Ferro Corp.^	10,500		15,015
Flotek Industries, Inc.*	6,300		9,891
FMC Corp.	68,200		2,942,148
GenTek, Inc.*	1,500		26,235
Huntsman Corp.	4,900		15,337
ICO, Inc.*^	2,900		5,974
Innophos Holdings, Inc.	1,500		16,920
Innospec, Inc.	4,000		15,080
International Flavors & Fragrances, Inc.	19,600		597,016
Intrepid Potash, Inc.*^	4,600		84,870
Koppers Holdings, Inc.	400		5,808
Landec Corp.*	5,200		28,964
LSB Industries, Inc.*	2,400		23,736
Minerals Technologies, Inc.	2,200		70,510
Nalco Holding Co.	31,700		414,319
NewMarket Corp.	3,300		146,190
NL Industries, Inc.^	1,100		11,000
Quaker Chemical Corp.	2,500		19,850

126

AXA PREMIER VIP TRUST

MULTIMANAGER MID CAP GROWTH PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Number of Shares	Value (Note 1)
Scotts Miracle-Gro Co., Class A^	34,100	$	1,183,270
ShengdaTech, Inc.*^	8,300		25,730
Solutia, Inc.*	15,600		29,172
Stepan Co.	700		19,110
Terra Industries, Inc.	25,100		705,059
Valhi, Inc.^	600		5,628
W.R. Grace & Co.*	13,700		86,584
Zep, Inc.	5,000		51,150
Zoltek Cos., Inc.*^	6,500		44,265
			9,045,261
Construction Materials (0.3%)
Eagle Materials, Inc.^	9,600		232,800
Headwaters, Inc.*	1,700		5,338
Martin Marietta Materials, Inc.^	9,400		745,420
Texas Industries, Inc.^	5,700		142,500
United States Lime & Minerals, Inc.*^	300		8,208
			1,134,266
Containers & Packaging (0.5%)
AEP Industries, Inc.*^	1,500		22,905
AptarGroup, Inc.	3,200		99,648
Ball Corp.	3,500		151,900
Bway Holding Co.*	1,600		12,624
Crown Holdings, Inc.*	39,100		888,743
Graphic Packaging Holding Co.*	32,500		28,275
Greif, Inc., Class A	8,200		272,978
Myers Industries, Inc.	4,500		27,630
Packaging Corp. of America	6,100		79,422
Rock-Tenn Co., Class A	3,400		91,970
Silgan Holdings, Inc.	3,100		162,874
			1,838,969
Metals & Mining (0.2%)
Allied Nevada Gold Corp.*	9,300		54,405
AMCOL International Corp.^	1,900		28,196
Carpenter Technology Corp.	800		11,296
Century Aluminum Co.*^	4,800		10,128
China Direct, Inc.*	1,900		2,394
Compass Minerals International, Inc.	4,200		236,754
General Moly, Inc.*	14,100		14,946
General Steel Holdings, Inc.*^	3,000		7,890
Haynes International, Inc.*^	800		14,256
Olympic Steel, Inc.	1,900		28,823
Schnitzer Steel Industries, Inc., Class A	800		25,112
Steel Dynamics, Inc.	10,400		91,624
Stillwater Mining Co.*^	3,000		11,100
Sutor Technology Group Ltd.*	1,100		1,540
Titanium Metals Corp.	4,400		24,068
Universal Stainless & Alloy Products, Inc.*	200		1,934
Worthington Industries, Inc.	3,200		27,872
			592,338
Paper & Forest Products (0.0%)
Clearwater Paper Corp.*	1,100		8,833
Deltic Timber Corp.^	2,500		98,525
			107,358
Total Materials			12,718,192
Telecommunication Services (1.9%)
Diversified Telecommunication Services (0.4%)
Alaska Communications Systems Group, Inc.	4,900		32,830
Cbeyond, Inc.*^	5,600		105,448
Cogent Communications Group, Inc.*	11,200		80,640
Consolidated Communications Holdings, Inc.	2,400		24,624
Frontier Communications Corp.	17,700		127,086
Global Crossing Ltd.*	2,300		16,100
Iowa Telecommunications Services, Inc.^	1,100		12,606
NTELOS Holdings Corp.	7,400		134,236
PAETEC Holding Corp.*	19,900		28,656
Premiere Global Services, Inc.*	12,800		112,896
Shenandoah Telecommunications Co.	5,100		116,280
tw telecom, Inc.*^	82,200		719,250
Vonage Holdings Corp.*	11,900		4,760
			1,515,412
Wireless Telecommunication Services (1.5%)
Centennial Communications Corp.*	14,200		117,292
Clearwire Corp., Class A*^	14,400		74,160
ICO Global Communications Holdings Ltd.*	9,200		3,220
iPCS, Inc.*	1,500		14,565
Leap Wireless International, Inc.*^	1,100		38,357
MetroPCS Communications, Inc.*	144,650		2,470,622
SBA Communications Corp., Class A*^	100,540		2,342,582
Syniverse Holdings, Inc.*	5,900		92,984
Telephone & Data Systems, Inc.	10,900		288,959
TerreStar Corp.*	4,800		2,688
Virgin Mobile USA, Inc., Class A*	10,200		13,158
			5,458,587
Total Telecommunication Services			6,973,999
Utilities (0.7%)
Electric Utilities (0.5%)
DPL, Inc.	2,100		47,334
ITC Holdings Corp.	12,100		527,802
Northeast Utilities	41,990		906,564
NV Energy, Inc.	15,400		144,606
			1,626,306
Gas Utilities (0.0%)
Energen Corp.	3,200		93,216
Independent Power Producers & Energy Traders (0.0%)
Ormat Technologies, Inc.	4,400		120,824
Synthesis Energy Systems, Inc.*	4,100		2,706
U.S. Geothermal, Inc.*	17,100		12,141
			135,671
Multi-Utilities (0.2%)
CenterPoint Energy, Inc.	53,800		561,134
Water Utilities (0.0%)
Cadiz, Inc.*^	3,300		26,334
Consolidated Water Co., Inc.	3,200		34,720
SJW Corp.	200		5,086
			66,140
Total Utilities			2,482,467
Total Common Stocks (97.6%) (Cost $417,447,554)			360,502,594

127

AXA PREMIER VIP TRUST

MULTIMANAGER MID CAP GROWTH PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Principal Amount		Value (Note 1)
SHORT-TERM INVESTMENTS:
Government Securities (0.2%)
U.S. Treasury Bills
0.18%, 6/11/09 (p)	$	725,000	$	724,740
Short-Term Investments of Cash Collateral for Securities Loaned (14.8%)
Banco de Sabadell S.A.
1.17%, 4/23/09 (l)		2,900,000		2,900,000
BBVA Senior Finance S.A.
1.38%, 3/12/10 (l)		2,130,000		2,092,084
Deutsche Bank Securities, Inc., Repurchase Agreement
0.25%, 4/1/09 (r)(u)		27,680,861		27,680,861
General Electric Capital Corp.
0.40%, 3/12/10 (l)		390,000		368,643
K2 (USA) LLC
0.37%, 5/29/09 (l)		3,869,734		3,869,734
0.37%, 6/18/09 (l)		4,839,641		4,823,473
Lehman Brothers Holdings, Inc.
0.00%, 8/21/09 (h)(s)		2,419,984		290,398
Links Finance LLC
0.37%, 6/25/09 (l)		1,449,909		1,443,649
Monumental Global Funding II
0.43%, 5/26/10 (l)		4,550,000		3,867,499
Morgan Stanley
0.46%, 5/7/09 (l)		4,840,000		4,840,000
Pricoa Global Funding I
0.40%, 6/25/10 (l)		2,899,637		2,617,250
Total Short-Term Investments of Cash Collateral for Securities Loaned				54,793,591
Time Deposit (2.9%)
JPMorgan Chase Nassau
0.004%, 4/1/09		10,613,243		10,613,243
Total Short-Term Investments (17.9%) (Cost/Amortized Cost $69,307,594)				66,131,574
Total Investments (115.5%) (Cost/Amortized Cost $486,755,148)				426,634,168
Other Assets Less Liabilities (-15.5%)				(57,105,223	)
Net Assets (100%)			$	369,528,945

* Non-income producing.

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

† Securities (totaling $20 or 0.0% of net assets) at fair value.

(b) Illiquid Security.

(h) Security in default.

(l) Floating Rate Security. Rate disclosed is as of March 31, 2009.

(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.

(s) Issuer in bankruptcy.

(u) Represents the Portfolio’s undivided interest in a joint repurchase agreement. The repurchase agreement was fully collateralized by U.S. government agency securities at the date of this Portfolio of Investments as follows: Federal Home Loan Mortgage Corp., 0.000% – 7.500%, maturing 1/15/15 – 6/15/38; Federal National Mortgage Association, 5.000% – 7.000%, maturing 10/1/36 – 12/1/38.

Glossary:

ADR — American Depositary Receipt

At March 31, 2009 the Portfolio had the following futures contracts open: (Note 1)

Purchases	Number of Contracts	Expiration Date	Original Value		Value at 3/31/2009		Unrealized Appreciation
NASDAQ 100 E-Mini Index	34	June-09	$	764,193	$	841,500	$	77,307
Russell 2000 Mini Index	61	June-09		2,210,875		2,569,930		359,055
S&P MidCap 400 E-Mini Index	37	June-09		1,599,235		1,805,230		205,995
							$	642,357

128

AXA PREMIER VIP TRUST

MULTIMANAGER MID CAP GROWTH PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

Various inputs are used in determining the value of the Portfolio’s investments. These inputs are summarized in the three broad levels listed below:

• Level 1 - Quoted prices in active markets for identical securities

• Level 2 - Significant other observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)

• Level 3 - Significant unobservable inputs (including the Portfolio’s own assumptions in determining the fair value of investments)

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, money market securities are valued using amortized cost, in accordance with rules under the Investment Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active market, such securities are reflected as Level 2.

The following is a summary of the inputs used to value the Portfolio’s net assets as of March 31, 2009:

Description	Quoted Prices in Active Markets for Identical Securities (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Assets
Investments in Securities	$	355,216,284	$	71,417,864	$	20	$	426,634,168
Other Investments*		642,357		—		—		642,357
Total	$	355,858,641	$	71,417,864	$	20	$	427,276,525
Liabilities
Investments in Securities	$	—	$	—	$	—	$	—
Other Investments*		—		—		—		—
Total	$	—	$	—	$	—	$	—

Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:

	Investments in Securities		Other Investments*
Balance as of 12/31/08	$	417,652	$	—
Total gains or losses (realized/unrealized) included in earnings		20		—
Purchases, sales, issuances, and settlements (net)		—		—
Transfers in and/or out of Level 3		417,652		—
Balance as of 3/31/09	$	20	$	—
The amount of total gains or losses for the year included in earnings attributable to the change in unrealized gains or losses relating to assets and liabilities still held at period ending 3/31/09.	$	20	$	—

* Other investments are derivative instruments, such as futures, forwards and written options, which are valued at the unrealized appreciation/depreciation on the instrument.

Investment security transactions for the three months ended March 31, 2009 were as follows:

Cost of Purchases:
Stocks and long-term corporate debt securities	$	226,755,134
Net Proceeds of Sales and Redemptions:
Stocks and long-term corporate debt securities	$	264,461,891

129

AXA PREMIER VIP TRUST

MULTIMANAGER MID CAP GROWTH PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

As of March 31, 2009, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investments for Federal income tax purposes was as follows:

Aggregate gross unrealized appreciation	$	15,865,496
Aggregate gross unrealized depreciation		(94,842,262	)
Net unrealized depreciation	$	(78,976,766	)
Federal income tax cost of investments	$	505,610,934

At March 31, 2009, the Portfolio had loaned securities with a total value of $56,894,605. This was secured by collateral of $57,969,766, which was received as cash and subsequently invested in short-term investments currently valued at $54,793,591, as reported in the portfolio of investments. Additionally, uninvested cash received as collateral on loaned securities was held in an interest bearing account in the amount of $7,770, which the Portfolio cannot repledge and accordingly is not reflected in the Portfolio’s assets and liabilities.

For the three months ended March 31, 2009, the Portfolio incurred approximately $1,053 as brokerage commissions with Sanford C. Bernstein & Co., Inc., an affiliated broker/dealer.

The Portfolio has a net capital loss carryforward of $25,357,373, which expires in the year 2016.

See Notes to Portfolio of Investments.

130

AXA PREMIER VIP TRUST

MULTIMANAGER MID CAP VALUE PORTFOLIO

PORTFOLIO OF INVESTMENTS

March 31, 2009 (Unaudited)

	Number of Shares	Value (Note 1)
COMMON STOCKS:
Consumer Discretionary (10.1%)
Auto Components (1.4%)
American Axle & Manufacturing Holdings, Inc.^	9,200	$	12,144
ArvinMeritor, Inc.	15,900		12,561
Autoliv, Inc.^	17,400		323,118
BorgWarner, Inc.^	3,500		71,050
Cooper Tire & Rubber Co.^	15,700		63,428
Dana Holding Corp.*	17,900		8,234
Dorman Products, Inc.*	3,000		27,990
Drew Industries, Inc.*^	5,000		43,400
Federal Mogul Corp.*^	5,400		36,072
Fuel Systems Solutions, Inc.*^	200		2,696
Goodyear Tire & Rubber Co.*^	21,100		132,086
Hayes Lemmerz International, Inc.*^	32,800		6,068
Lear Corp.*	12,900		9,675
Magna International, Inc., Class A	165,600		4,429,800
Modine Manufacturing Co.^	5,900		14,750
Motorcar Parts of America, Inc.*	206		822
Raser Technologies, Inc.*^	4,800		20,112
Spartan Motors, Inc.^	7,600		30,552
Stoneridge, Inc.*	5,400		11,394
Superior Industries International, Inc.^	5,500		65,175
Tenneco, Inc.*^	11,000		17,930
TRW Automotive Holdings Corp.*^	93,040		299,589
			5,638,646
Automobiles (0.0%)
Thor Industries, Inc.	6,300		98,406
Distributors (0.1%)
Aristotle Corp.*	400		1,384
Audiovox Corp., Class A*	3,200		10,976
Core-Mark Holding Co., Inc.*^	2,400		43,728
Genuine Parts Co.	5,780		172,591
			228,679
Diversified Consumer Services (0.3%)
Career Education Corp.*	22,000		527,120
Grand Canyon Education, Inc.*^	500		8,630
Jackson Hewitt Tax Service, Inc.	7,600		39,672
Lincoln Educational Services Corp.*^	800		14,656
Matthews International Corp., Class A^	300		8,643
Regis Corp.	10,494		151,638
Service Corp. International^	64,800		226,152
Steiner Leisure Ltd.*^	1,600		39,056
Stewart Enterprises, Inc., Class A^	22,300		72,252
Universal Technical Institute, Inc.*^	2,900		34,800
Weight Watchers International, Inc.	1,500		27,825
			1,150,444
Hotels, Restaurants & Leisure (0.6%)
AFC Enterprises, Inc.*	2,400		10,824
Ameristar Casinos, Inc.	6,400		80,512
BJ’s Restaurants, Inc.*^	700		9,737
Bluegreen Corp.*^	4,700		8,178
Bob Evans Farms, Inc.^	10,003		224,267
Boyd Gaming Corp.^	12,600		46,998
Brinker International, Inc.	18,000		271,800
California Pizza Kitchen, Inc.*	1,200		15,696
Carrols Restaurant Group, Inc.*	5,600		19,656
CEC Entertainment, Inc.*^	1,500		38,820
Choice Hotels International, Inc.^	4,700		121,354
Churchill Downs, Inc.	2,300		69,138
CKE Restaurants, Inc.	1,300		10,920
Cracker Barrel Old Country Store, Inc.^	4,000		114,560
Domino’s Pizza, Inc.*	12,040		78,862
Einstein Noah Restaurant Group, Inc.*	800		4,664
Gaylord Entertainment Co.*^	10,200		84,966
Great Wolf Resorts, Inc.*^	4,300		10,019
International Speedway Corp., Class A	7,700		169,862
Isle of Capri Casinos, Inc.*	3,400		17,986
Jack in the Box, Inc.*^	5,500		128,095
Landry’s Restaurants, Inc.	2,200		11,484
Lodgian, Inc.*	6,000		12,600
Luby’s, Inc.*^	5,300		26,023
Marcus Corp.	4,900		41,650
Monarch Casino & Resort, Inc.*^	2,400		12,384
Morgans Hotel Group Co.*^	900		2,799
O’Charleys, Inc.^	3,400		10,234
Orient-Express Hotels Ltd., Class A^	2,500		10,250
P.F. Chang’s China Bistro, Inc.*^	600		13,728
Papa John’s International, Inc.*	1,400		32,018
Pinnacle Entertainment, Inc.*	14,600		102,784
Red Robin Gourmet Burgers, Inc.*^	1,180		20,803
Riviera Holdings Corp.*	800		816
Ruby Tuesday, Inc.*^	12,400		36,208
Ruth’s Hospitality Group, Inc.*^	3,300		3,993
Six Flags, Inc.*	26,800		7,236
Sonic Corp.*	2,200		22,044
Speedway Motorsports, Inc.	8,046		95,104
Steak n Shake Co.*	7,000		52,990
Vail Resorts, Inc.*^	600		12,258
Wendy’s/Arby’s Group, Inc., Class A^	13,000		65,390
Wyndham Worldwide Corp.	41,900		175,980
		2,305,690
Household Durables (2.6%)
American Greetings Corp., Class A^.	11,600		58,696
Beazer Homes USA, Inc.*^	14,400		14,544
Black & Decker Corp.	15,000		473,400
Blyth, Inc.	1,350		35,276
Brookfield Homes Corp.^	3,500		12,075
Cavco Industries, Inc.*	500		11,800
Centex Corp.	29,400		220,500
Champion Enterprises, Inc.*	14,700		7,056
CSS Industries, Inc.	2,000		34,000
D.R. Horton, Inc.	77,100		747,870
Ethan Allen Interiors, Inc.^	6,500		73,190
Furniture Brands International, Inc.	15,300		22,491
Harman International Industries, Inc.	3,600		48,708
Helen of Troy Ltd.*^	7,000		96,250
Hooker Furniture Corp.^	1,800		15,192
Hovnanian Enterprises, Inc., Class A*^	9,200		14,352
Jarden Corp.*	16,900		214,123
KB Home	18,000		237,240
La-Z-Boy, Inc.^	10,700		13,375
Leggett & Platt, Inc.^	38,500		500,115
Lennar Corp., Class A	33,600		252,336
Libbey, Inc.^	800		736
M.D.C. Holdings, Inc.^	50,920		1,585,649
M/I Homes, Inc.^	3,500		24,465
Meritage Homes Corp.*	7,100		81,082
National Presto Industries, Inc.	1,100		67,111
Newell Rubbermaid, Inc.	9,000		57,420
NVR, Inc.*	1,020		436,305
Palm Harbor Homes, Inc.*	3,700		8,251

131

AXA PREMIER VIP TRUST

MULTIMANAGER MID CAP VALUE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Number of Shares	Value (Note 1)
Pulte Homes, Inc.^	39,900	$	436,107
Russ Berrie & Co., Inc.*^	6,200		8,184
Ryland Group, Inc.^	10,000		166,600
Sealy Corp.*	16,300		24,287
Sekisui House Ltd. (ADR)	318,690		2,418,856
Skyline Corp.	1,900		36,119
Snap-On, Inc.	14,200		356,420
Standard Pacific Corp.*	23,700		20,856
Stanley Works	19,200		559,104
Tempur-Pedic International, Inc.^	6,600		48,180
Toll Brothers, Inc.*	69,300		1,258,488
Tupperware Brands Corp.	1,122		19,063
Universal Electronics, Inc.*^	400		7,240
			10,723,112
Internet & Catalog Retail (0.0%)
Orbitz Worldwide, Inc.*	12,600		16,254
Leisure Equipment & Products (0.2%)
Brunswick Corp.^	21,100		72,795
Callaway Golf Co.^	16,800		120,624
Hasbro, Inc.	17,200		431,204
JAKKS Pacific, Inc.*	16,062		198,366
Marine Products Corp.^	2,500		10,600
Nautilus, Inc.*	8,400		5,292
Polaris Industries, Inc.^	900		19,296
Pool Corp.^	2,600		34,840
RC2 Corp.*^	4,300		22,661
Steinway Musical Instruments*	1,500		17,955
			933,633
Media (1.6%)
AH Belo Corp., Class A	7,600		7,448
Belo Corp., Class A^	21,900		13,359
Charter Communications, Inc., Class A*	85,500		1,778
Cinemark Holdings, Inc.	4,400		41,316
CKX, Inc.*	5,700		23,370
Cox Radio, Inc., Class A*^	5,600		22,960
Crown Media Holdings, Inc., Class A*	2,300		4,692
Cumulus Media, Inc., Class A*	9,700		9,797
DISH Network Corp., Class A*	3,816		42,396
Entercom Communications Corp., Class A^	9,500		10,450
Entravision Communications Corp., Class A*^	10,400		2,704
Fisher Communications, Inc.	1,500		14,640
Gray Television, Inc.	15,700		5,024
Harte-Hanks, Inc.^	8,320		44,512
Hearst-Argyle Television, Inc.	8,400		34,944
Interactive Data Corp.	4,700		116,842
Interpublic Group of Cos., Inc.*	16,300		67,156
Journal Communications, Inc., Class A	15,500		11,625
Knology, Inc.*	8,000		32,960
Lee Enterprises, Inc.^	16,500		4,620
Liberty Media Corp., Capital Series, Class A*	23,000		160,540
LIN TV Corp., Class A*^	9,800		10,976
Live Nation, Inc.*	17,100		45,657
McClatchy Co., Class A	21,000		10,290
Media General, Inc., Class A^	4,000		7,680
Mediacom Communications Corp., Class A*	9,200		37,076
Meredith Corp.	9,300		154,752
New York Times Co., Class A^	34,000		153,680
Outdoor Channel Holdings, Inc.*	3,800		25,916
Playboy Enterprises, Inc., Class B*^	3,300		6,501
Primedia, Inc.^	4,700		11,609
RCN Corp.*	3,900		14,430
Regal Entertainment Group, Class A	19,000		254,790
RHI Entertainment, Inc.*	4,200		6,384
Scholastic Corp.^	112,290		1,692,210
Sinclair Broadcast Group, Inc., Class A^	11,500		11,845
Valassis Communications, Inc.*	9,100		14,287
Viacom, Inc., Class B*	146,810		2,551,558
Virgin Media, Inc.^	121,880		585,024
Warner Music Group Corp.*	10,600		24,910
			6,292,708
Multiline Retail (0.4%)
99 Cents Only Stores*^	5,300		48,972
Big Lots, Inc.*^	14,100		292,998
Dillard’s, Inc., Class A^	13,200		75,240
Family Dollar Stores, Inc.	31,400		1,047,818
Fred’s, Inc., Class A	9,884		111,492
Retail Ventures, Inc.*^	5,000		7,600
Saks, Inc.*^	34,400		64,328
Tuesday Morning Corp.*	11,100		14,097
			1,662,545
Specialty Retail (2.4%)
Aaron Rents, Inc.^	11,334		302,164
American Eagle Outfitters, Inc.	80,400		984,096
America’s Car-Mart, Inc.*^	2,200		29,898
AnnTaylor Stores Corp.*^	8,200		42,640
Asbury Automotive Group, Inc.	7,400		31,894
AutoNation, Inc.*^	28,300		392,804
Barnes & Noble, Inc.^	8,600		183,868
bebe stores, Inc.^	6,900		46,023
Big 5 Sporting Goods Corp.	6,100		35,807
Blockbuster, Inc., Class A*^	43,900		31,608
Borders Group, Inc.*	10,600		6,678
Brown Shoe Co., Inc.^	10,800		40,500
Build-A-Bear Workshop, Inc.*	3,900		23,673
Cabela’s, Inc.*^	23,220		211,534
Cache, Inc.*^	1,700		4,896
Casual Male Retail Group, Inc.*	13,700		6,713
Cato Corp., Class A	5,200		95,056
Charlotte Russe Holding, Inc.*	5,000		40,750
Charming Shoppes, Inc.*^	28,600		40,040
Chico’s FAS, Inc.*^	28,600		153,582
Children’s Place Retail Stores, Inc.*^	5,700		124,773
Christopher & Banks Corp.	2,200		8,998
Collective Brands, Inc.*	15,100		147,074
Conn’s, Inc.*^	6,040		84,802
Dress Barn, Inc.*^	10,600		130,274
DSW, Inc., Class A*^	1,100		10,219
Finish Line, Inc., Class A	6,800		45,016
Foot Locker, Inc.	37,900		397,192
Genesco, Inc.*	6,000		112,980
Group 1 Automotive, Inc.	5,600		78,232
Gymboree Corp.*^	1,700		36,295
Haverty Furniture Cos., Inc.	3,600		37,908
HOT Topic, Inc.*^	10,200		114,138
Jo-Ann Stores, Inc.*^	12,230		199,838
JoS. A. Bank Clothiers, Inc.*^	3,300		91,773
Kirkland’s, Inc.*	3,140		15,323
MarineMax, Inc.*	6,000		11,760
Men’s Wearhouse, Inc.	10,800		163,512
Monro Muffler, Inc.	3,500		95,655
New York & Co., Inc.*	3,700		13,135
Office Depot, Inc.*	912,340		1,195,166
OfficeMax, Inc.	19,300		60,216

132

AXA PREMIER VIP TRUST

MULTIMANAGER MID CAP VALUE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Number of Shares	Value (Note 1)
O’Reilly Automotive, Inc.*^	20,900	$	731,709
Pacific Sunwear of California, Inc.*^	16,200		26,892
Penske Automotive Group, Inc.	9,900		92,367
PEP Boys-Manny, Moe & Jack^	9,900		43,659
Pier 1 Imports, Inc.*	27,400		15,344
RadioShack Corp.	75,200		644,464
Rent-A-Center, Inc.*	41,100		796,107
REX Stores Corp.*^	1,800		19,296
Sally Beauty Holdings, Inc.*	2,400		13,632
Shoe Carnival, Inc.*	2,200		22,770
Signet Jewelers Ltd.^	20,300		232,435
Sonic Automotive, Inc., Class A^	9,600		15,360
Stage Stores, Inc.^	9,600		96,768
Stein Mart, Inc.*^	9,300		26,877
Syms Corp.*	1,200		7,344
Systemax, Inc.*	4,539		58,644
Talbots, Inc.^	5,700		20,007
TJX Cos., Inc.	26,460		678,434
Tractor Supply Co.*^	2,000		72,120
Tween Brands, Inc.*	1,900		4,066
Williams-Sonoma, Inc.^	19,100		192,528
Zale Corp.*^	11,700		22,815
			9,712,141
Textiles, Apparel & Luxury Goods (0.5%)
Carter’s, Inc.*	13,500		253,935
Cherokee, Inc.	700		10,920
Columbia Sportswear Co.^	3,000		89,760
Crocs, Inc.*^	2,300		2,737
G-III Apparel Group Ltd.*^	2,560		14,131
Iconix Brand Group, Inc.*	3,600		31,860
Jones Apparel Group, Inc.	21,800		91,996
Kenneth Cole Productions, Inc., Class A^	1,800		11,502
K-Swiss, Inc., Class A^	6,800		58,072
Liz Claiborne, Inc.	23,800		58,786
Maidenform Brands, Inc.*	3,100		28,396
Movado Group, Inc.^	4,100		30,914
Oxford Industries, Inc.^	6,200		38,254
Perry Ellis International, Inc.*^	2,100		7,266
Phillips-Van Heusen Corp.	1,800		40,824
Quiksilver, Inc.*^	27,500		35,200
R.G. Barry Corp.*	1,260		7,547
Skechers U.S.A., Inc., Class A*	7,700		51,359
Steven Madden Ltd.*	9,480		178,034
Timberland Co., Class A*^	11,300		134,922
Unifi, Inc.*^	16,600		10,624
UniFirst Corp.	3,300		91,872
VF Corp.^	14,780		844,087
Weyco Group, Inc.^	800		20,736
			2,143,734
Total Consumer Discretionary			40,905,992
Consumer Staples (6.3%)
Beverages (0.1%)
National Beverage Corp.*	2,500		22,925
PepsiAmericas, Inc.	14,400		248,400
			271,325
Food & Staples Retailing (1.3%)
Andersons, Inc.	4,300		60,802
BJ’s Wholesale Club, Inc.*	14,600		467,054
Casey’s General Stores, Inc.^	12,500		333,250
Great Atlantic & Pacific Tea Co., Inc.*	5,900		31,329
Ingles Markets, Inc., Class A	3,860		57,630
Nash Finch Co.^	6,796		190,900
Pantry, Inc.*	9,536		167,929
Rite Aid Corp.*	113,100		40,716
Ruddick Corp.	9,500		213,275
Spartan Stores, Inc.	4,600		70,886
Susser Holdings Corp.*	2,200		29,568
United Natural Foods, Inc.*^	7,300		138,481
Village Super Market, Inc., Class A	1,600		49,872
Weis Markets, Inc.	2,800		86,912
Whole Foods Market, Inc.	186,040		3,125,471
Winn-Dixie Stores, Inc.*	6,100		58,316
			5,122,391
Food Products (4.3%)
Alico, Inc.^	300		7,200
American Dairy, Inc.*	800		13,528
American Italian Pasta Co., Class A*	3,646		126,917
B&G Foods, Inc., Class A	5,000		26,000
Cal-Maine Foods, Inc.^	1,040		23,286
Chaoda Modern Agriculture (Holdings) Ltd.	732,208		437,111
Chiquita Brands International, Inc.*	10,400		68,952
Corn Products International, Inc.	36,835		780,902
Cresud S.A.C.I.F. y A. (ADR)	159,460		1,157,680
Dean Foods Co.*^	45,576		824,014
Del Monte Foods Co.	108,760		792,860
Farmer Bros Co.^	1,900		33,820
First Pacific Co.	1,030,000		353,567
Flowers Foods, Inc.^	7,600		178,448
Fresh Del Monte Produce, Inc.*	10,400		170,768
Griffin Land & Nurseries, Inc.	800		28,000
Hain Celestial Group, Inc.*	8,900		126,736
Imperial Sugar Co.^	3,000		21,570
J&J Snack Foods Corp.	3,500		121,065
JM Smucker Co.	23,300		868,391
Lance, Inc.	5,000		104,100
Marfrig Frigorificos e Comercio de Alimentos S.A.*	60,520		195,146
Marine Harvest ASA*	1,416,400		448,741
McCormick & Co., Inc. (Non-Voting)	17,200		508,604
Omega Protein Corp.*^	6,800		17,952
Overhill Farms, Inc.*	4,240		16,197
Perdigao S.A.	16,860		210,845
Ralcorp Holdings, Inc.*	12,300		662,724
Reddy Ice Holdings, Inc.	6,600		9,702
Sanderson Farms, Inc.	4,000		150,200
Smart Balance, Inc.*	3,600		21,744
Smithfield Foods, Inc.*^	439,380		4,156,535
Tootsie Roll Industries, Inc.	3,774		81,971
TreeHouse Foods, Inc.*^	7,700		221,683
Tyson Foods, Inc., Class A	502,540		4,718,851
			17,685,810
Household Products (0.0%)
Central Garden & Pet Co., Class A*	15,800		118,816
WD-40 Co.	2,200		53,108
			171,924
Personal Products (0.5%)
Alberto-Culver Co.	18,800		425,068
American Oriental Bioengineering, Inc.*	10,600		40,916
Chattem, Inc.*	200		11,210
Elizabeth Arden, Inc.*^	6,900		40,227
Inter Parfums, Inc.^	2,800		16,324
KAO Corp. (ADR)	5,960		1,167,624
Mannatech, Inc.^	4,900		16,317
NBTY, Inc.*^	6,300		88,704
Nu Skin Enterprises, Inc., Class A	7,100		74,479
Nutraceutical International Corp.*	1,849		12,388

133

AXA PREMIER VIP TRUST

MULTIMANAGER MID CAP VALUE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Number of Shares	Value (Note 1)
Prestige Brands Holdings, Inc.*	8,800	$	45,584
Revlon, Inc., Class A*	100		248
Schiff Nutrition International, Inc.*	3,200		14,400
			1,953,489
Tobacco (0.1%)
Alliance One International, Inc.*	6,200		23,808
Star Scientific, Inc.*	13,400		57,352
Universal Corp.^	6,000		179,520
			260,680
Total Consumer Staples			25,465,619
Energy (8.5%)
Energy Equipment & Services (2.3%)
Allis-Chalmers Energy, Inc.*	10,300		19,879
BJ Services Co.	398,570		3,965,772
Bristow Group, Inc.*^	5,700		122,151
Bronco Drilling Co., Inc.*^	7,300		38,398
Cal Dive International, Inc.*	9,800		66,346
Cie Generale de Geophysique-Veritas (ADR)*^	27,120		312,965
Complete Production Services, Inc.*	10,500		32,340
Dawson Geophysical Co.*^	1,000		13,500
Exterran Holdings, Inc.*	15,700		251,514
Geokinetics, Inc.*	800		2,616
Global Industries Ltd.*^	9,200		35,328
GulfMark Offshore, Inc.*	2,512		59,936
Helix Energy Solutions Group, Inc.*^	19,600		100,744
Helmerich & Payne, Inc.^	25,600		582,912
Hercules Offshore, Inc.*^	19,700		31,126
Hornbeck Offshore Services, Inc.*^	12,956		197,449
Key Energy Services, Inc.*	26,200		75,456
Lufkin Industries, Inc.	2,300		87,124
Newpark Resources, Inc.*	21,400		54,142
Oil States International, Inc.*^	9,700		130,174
Parker Drilling Co.*	21,400		39,376
Patterson-UTI Energy, Inc.^	13,900		124,544
PHI, Inc.*	800		7,984
Pioneer Drilling Co.*	10,500		34,440
Rowan Cos., Inc.	23,895		286,023
SBM Offshore N.V.	15,967		212,329
SEACOR Holdings, Inc.*^	11,858		691,440
Solar Cayman Ltd.(b)*§†	141,300		1,146,567
Superior Well Services, Inc.*^	2,100		10,773
Tidewater, Inc.^	12,200		452,986
Trico Marine Services, Inc.*^	4,700		9,870
Union Drilling, Inc.*	3,400		12,920
Unit Corp.*^	2,700		56,484
			9,265,608
Oil, Gas & Consumable Fuels (6.2%)
Alon USA Energy, Inc.^	2,400		32,880
American Oil & Gas, Inc.*	10,200		7,854
Arch Coal, Inc.	388,220		5,190,502
Barnwell Industries, Inc.	1,500		6,075
Berry Petroleum Co., Class A^	4,300		47,128
Bill Barrett Corp.*^	4,800		106,752
BMB Munai, Inc.*	13,500		7,830
Brigham Exploration Co.*	9,400		17,860
Cabot Oil & Gas Corp.	13,500		318,195
Callon Petroleum Co.*^	7,800		8,502
Cameco Corp.	189,940		3,261,270
Cheniere Energy, Inc.*^	2,100		8,946
Cimarex Energy Co.^	20,300		373,114
Clayton Williams Energy, Inc.*	1,230		35,965
Consol Energy, Inc.	38,980		983,855
Delek U.S. Holdings, Inc.^	3,700		38,332
DHT Maritime, Inc.^	5,500		21,120
Encore Acquisition Co.*	9,500		221,065
Energy XXI Bermuda Ltd.	41,400		15,525
EXCO Resources, Inc.*^	2,100		21,000
Forest Oil Corp.*^	23,900		314,285
GeoMet, Inc.*^	5,900		3,422
GMX Resources, Inc.*^	2,300		14,950
Golar LNG Ltd.^	2,100		7,203
Gulfport Energy Corp.*	3,200		7,424
Harvest Natural Resources, Inc.*^	8,800		29,832
Mariner Energy, Inc.*	6,000		46,500
Meridian Resource Corp.*	28,600		6,006
National Coal Corp.*^	800		1,088
Newfield Exploration Co.*	31,360		711,872
Nexen, Inc.	58,140		986,054
Noble Energy, Inc.	10,000		538,800
Nordic American Tanker Shipping Ltd.^	6,600		193,380
Oilsands Quest, Inc.*	47,000		33,840
Overseas Shipholding Group, Inc.^	6,466		146,584
Pacific Ethanol, Inc.*^	3,400		1,122
Peabody Energy Corp.	129,970		3,254,449
Petrohawk Energy Corp.*	3,400		65,382
PetroQuest Energy, Inc.*^	4,600		11,040
Pioneer Natural Resources Co.	135,270		2,227,897
PrimeEnergy Corp.*^	100		4,990
Quest Resource Corp.*	700		219
RAM Energy Resources, Inc.*	8,600		6,278
Rosetta Resources, Inc.*	12,100		59,895
Southern Union Co.	27,400		417,028
St. Mary Land & Exploration Co.^	8,800		116,424
Stone Energy Corp.*	6,400		21,312
Swift Energy Co.*	14,300		104,390
Teekay Corp.^	10,000		142,300
Tesoro Corp.	172,710		2,326,404
Toreador Resources Corp.*^	3,400		8,534
TXCO Resources, Inc.*^	12,900		5,315
Uranium One, Inc.*	114,540		231,660
Uranium Resources, Inc.*^	3,400		1,598
USEC, Inc.*	254,115		1,219,752
VAALCO Energy, Inc.*	9,200		48,668
Warren Resources, Inc.*	556,920		534,643
Western Refining, Inc.^	7,200		85,968
Westmoreland Coal Co.*	300		2,151
World Fuel Services Corp.^	7,100		224,573
			24,887,002
Total Energy			34,152,610
Financials (19.5%)
Capital Markets (1.4%)
Affiliated Managers Group, Inc.*	11,100		462,981
Allied Capital Corp.	45,900		72,981
Ameriprise Financial, Inc.	40,240		824,517
Apollo Investment Corp.^	34,200		119,016
Ares Capital Corp.	22,600		109,384
BGC Partners, Inc., Class A	5,700		12,597
BlackRock Kelso Capital Corp.	4,800		20,112
Broadpoint Securities Group, Inc.*^	4,400		14,520
Calamos Asset Management, Inc., Class A	4,700		22,607
Capital Southwest Corp.^	800		61,112
Cohen & Steers, Inc.^	1,400		15,624
E*TRADE Financial Corp.*	87,700		112,256
Epoch Holding Corp.^	600		4,122
Evercore Partners, Inc., Class A^	2,800		43,260

134

AXA PREMIER VIP TRUST

MULTIMANAGER MID CAP VALUE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Number of Shares	Value (Note 1)
FBR Capital Markets Corp.*^	5,600	$	18,424
GAMCO Investors, Inc., Class A^	1,200		39,180
Gladstone Capital Corp.	4,600		28,796
Gladstone Investment Corp.	5,500		21,010
Harris & Harris Group, Inc.*^	6,500		24,050
Hercules Technology Growth Capital, Inc.	7,200		36,000
Invesco Ltd.	36,500		505,890
Investment Technology Group, Inc.*	900		22,968
Janus Capital Group, Inc.^	2,400		15,960
Jefferies Group, Inc.^	30,800		425,040
KBW, Inc.*^	6,100		124,135
Knight Capital Group, Inc., Class A*	19,700		290,378
Kohlberg Capital Corp.	6,400		19,584
LaBranche & Co., Inc.*	12,100		45,254
MCG Capital Corp.	18,600		23,808
MF Global Ltd.*^	12,500		52,875
MVC Capital, Inc.	6,200		52,142
NGP Capital Resources Co.	5,700		28,329
Patriot Capital Funding, Inc.	7,700		14,091
PennantPark Investment Corp.	4,900		18,375
Penson Worldwide, Inc.*^	4,300		27,649
Piper Jaffray Cos., Inc.*	4,400		113,476
Prospect Capital Corp.	7,100		60,492
Raymond James Financial, Inc.^	23,500		462,950
Sanders Morris Harris Group, Inc.^	4,800		18,720
Stifel Financial Corp.*^	6,000		259,860
SWS Group, Inc.^	5,700		88,521
TD Ameritrade Holding Corp.*^	50,380		695,748
Teton Advisors, Inc.(b)*†	28		55
Thomas Weisel Partners Group, Inc.*	4,700		16,826
U.S. Global Investors, Inc., Class A	700		3,409
Virtus Investment Partners, Inc.*^	2,100		13,671
Westwood Holdings Group, Inc.^	300		11,727
			5,474,482
Commercial Banks (5.3%)
1st Source Corp.	3,600		64,980
Alliance Financial Corp./New York	584		10,477
AMCORE Financial, Inc.^	7,400		11,840
Ameris Bancorp^	3,400		16,014
Ames National Corp.	1,800		30,762
Arrow Financial Corp.^	2,400		56,856
Associated Banc-Corp^	31,200		481,728
BancFirst Corp.	1,800		65,520
Banco Latinoamericano de Exportaciones S.A., Class E	15,500		145,235
Bancorpsouth, Inc.^	27,120		565,181
BancTrust Financial Group, Inc.^	4,400		27,852
Bank of Hawaii Corp.^	15,160		499,977
Bank of the Ozarks, Inc.^	3,000		69,240
Banner Corp.^	2,700		7,857
BOK Financial Corp.^	6,720		232,176
Boston Private Financial Holdings, Inc.	12,900		45,279
Bryn Mawr Bank Corp.^	1,800		30,330
C&F Financial Corp.	388		5,607
Camden National Corp.	1,800		41,130
Capital City Bank Group, Inc.^	2,700		30,942
CapitalSource, Inc.^	46,900		57,218
Capitol Bancorp Ltd.	3,000		12,450
Cardinal Financial Corp.	1,800		10,332
Cascade Bancorp^	8,200		13,366
Cathay General Bancorp^	12,200		127,246
Centerstate Banks of Florida, Inc.^	2,400		26,424
Central Pacific Financial Corp.^	6,600		36,960
Central Valley Community Bancorp*	1,300		6,071
Century Bancorp, Inc./Massachusetts, Class A	1,049		14,057
Chemical Financial Corp.^	5,800		120,698
Citizens & Northern Corp.^	2,100		38,829
Citizens Republic Bancorp, Inc.*^	29,900		46,345
City Bank/Washington^	5,100		16,830
City Holding Co.^	3,900		106,431
City National Corp./California^	10,840		366,067
CoBiz Financial, Inc.^	4,800		25,200
Codorus Valley Bancorp, Inc.	53		427
Colonial BancGroup, Inc.^	51,200		46,080
Columbia Banking System, Inc.^	5,000		32,000
Comerica, Inc.	22,140		405,383
Commerce Bancshares, Inc./Missouri	21,248		771,302
Community Bank System, Inc.^	7,700		128,975
Community Trust Bancorp, Inc.	3,500		93,625
Cullen/Frost Bankers, Inc.^	18,320		859,940
CVB Financial Corp.^	16,200		107,406
East West Bancorp, Inc.	15,900		72,663
Enterprise Financial Services Corp.	1,100		10,736
F.N.B. Corp./Pennsylvania^	20,300		155,701
Farmers Capital Bank Corp.^	1,500		23,505
Financial Institutions, Inc.	2,300		17,526
First Bancorp, Inc./Maine^	2,000		31,720
First Bancorp/North Carolina^	3,300		39,501
First Bancorp/Puerto Rico	18,500		78,810
First Busey Corp.^	6,400		49,664
First California Financial Group, Inc.*	2,400		10,080
First Citizens Banc Corp.	261		1,864
First Citizens BancShares, Inc./North Carolina, Class A^	3,360		442,848
First Commonwealth Financial Corp.	20,200		179,174
First Community Bancshares, Inc./Virginia^	2,500		29,175
First Financial Bancorp	9,100		86,723
First Financial Bankshares, Inc.^	4,200		202,314
First Financial Corp./Indiana^	2,600		95,940
First Horizon National Corp.^	51,784		556,163
First Merchants Corp.	5,600		60,424
First Midwest Bancorp, Inc./Illinois^	11,300		97,067
First South Bancorp, Inc./North Carolina^	1,900		20,178
FirstMerit Corp.	25,080		456,456
Frontier Financial Corp.^	10,700		11,770
Fulton Financial Corp.^	41,500		275,145
Glacier Bancorp, Inc.^	20,378		320,138
Green Bankshares, Inc.^	3,300		29,040
Guaranty Bancorp*	14,700		25,725
Hancock Holding Co.^	5,900		184,552
Hanmi Financial Corp.^	13,700		17,810
Harleysville National Corp.^	11,000		66,660
Heartland Financial USA, Inc.^	2,900		39,266
Heritage Commerce Corp.^	2,000		10,500
Home Bancshares, Inc./Arkansas	3,100		61,907
Horizon Bancorp/Indiana	910		10,101
Huntington Bancshares, Inc./Ohio^	141,200		234,392
IBERIABANK Corp.^	3,800		174,572
ICICI Bank Ltd. (ADR)	127,250		1,691,152
Independent Bank Corp./Massachusetts	3,900		57,525
Integra Bank Corp.	7,600		14,364
International Bancshares Corp.^	11,900		92,820
Investors Bancorp, Inc.*^	10,200		86,394
Lakeland Bancorp, Inc.^	4,400		35,332

135

AXA PREMIER VIP TRUST

MULTIMANAGER MID CAP VALUE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Number of Shares	Value (Note 1)
Lakeland Financial Corp.	3,100	$	59,489
M&T Bank Corp.^	8,120		367,349
MainSource Financial Group, Inc.^	4,500		36,180
MB Financial, Inc.	8,100		110,160
Midwest Banc Holdings, Inc.^	8,200		8,282
Nara Bancorp, Inc.^	4,900		14,406
National Penn Bancshares, Inc.^	18,800		156,040
NB&T Financial Group, Inc.	153		2,219
NBT Bancorp, Inc.^	7,600		164,464
Northfield Bancorp, Inc./New Jersey	5,200		56,836
Old National Bancorp/Indiana	15,700		175,369
Old Second Bancorp, Inc.^	3,400		21,590
Oriental Financial Group, Inc.^	5,600		27,328
Pacific Capital Bancorp N.A.	10,700		72,439
Pacific Continental Corp.	3,000		34,920
PacWest Bancorp	6,100		87,413
Park National Corp.^	2,600		144,950
Peapack Gladstone Financial Corp.^	1,900		34,257
Pennsylvania Commerce Bancorp, Inc.*^	1,300		23,920
Peoples Bancorp, Inc./Ohio^	2,600		33,748
Pinnacle Financial Partners, Inc.*^	4,500		106,695
PNC Financial Services Group, Inc.	7,500		219,675
Popular, Inc.^	133,440		290,899
Premier Financial Bancorp, Inc.	1,499		8,095
Premierwest Bancorp	5,040		20,261
Prosperity Bancshares, Inc.^	13,580		371,413
Provident Bankshares Corp.	8,500		59,925
Renasant Corp.^	5,000		62,800
Republic Bancorp, Inc./Kentucky, Class A	2,100		39,207
S&T Bancorp, Inc.^	5,600		118,776
Sandy Spring Bancorp, Inc.^	3,800		42,408
Santander BanCorp^	1,600		12,608
SCBT Financial Corp.^	2,700		56,430
Seacoast Banking Corp. of Florida^	2,700		8,181
Shore Bancshares, Inc.	1,800		30,150
Sierra Bancorp^	1,600		15,568
Signature Bank/New York*	2,040		57,589
Simmons First National Corp., Class A	3,600		90,684
Smithtown Bancorp, Inc.^	2,000		22,560
South Financial Group, Inc.	22,300		24,530
Southside Bancshares, Inc.	3,200		60,480
Southwest Bancorp, Inc./Oklahoma^	3,700		34,706
State Bancorp, Inc./New York	3,600		27,720
StellarOne Corp.^	5,400		64,314
Sterling Bancorp/New York^	4,300		42,570
Sterling Bancshares, Inc./Texas^	17,900		117,066
Sterling Financial Corp./Washington^	12,200		25,254
Suffolk Bancorp^	1,300		33,787
Sumitomo Trust & Banking Co., Ltd. (ADR)	497,150		1,894,141
Sun Bancorp, Inc./New Jersey*	3,200		16,608
Susquehanna Bancshares, Inc.^	20,400		190,332
SVB Financial Group*^	7,900		158,079
SY Bancorp, Inc.^	2,800		68,040
Synovus Financial Corp.^	69,800		226,850
TCF Financial Corp.^	37,880		445,469
Texas Capital Bancshares, Inc.*	7,100		79,946
Tompkins Financial Corp.^	1,400		60,200
TowneBank/Virginia^	5,200		84,916
Trico Bancshares^	3,500		58,590
Trustmark Corp.^	11,800		216,884
UCBH Holdings, Inc.^	29,600		44,696
UMB Financial Corp.^	8,960		380,710
Umpqua Holdings Corp.^	14,200		128,652
Union Bankshares Corp./Virginia^	3,400		47,090
United Bancorp, Inc./Ohio	736		6,955
United Bancshares, Inc./Ohio	691		6,219
United Bankshares, Inc.^	8,900		153,436
United Community Banks, Inc./Georgia^	11,615		48,320
United Security Bancshares/California	1,700		12,512
Univest Corp. of Pennsylvania	3,100		54,250
Valley National Bancorp^	45,276		560,064
W Holding Co., Inc.	800		7,272
Washington Trust Bancorp, Inc.^	3,400		55,250
Webster Financial Corp.^	13,500		57,375
WesBanco, Inc.^	6,500		148,395
West Bancorp, Inc.^	4,900		36,505
West Coast Bancorp/Oregon^	5,800		12,876
Westamerica Bancorporation^	4,960		225,978
Western Alliance Bancorporation*^	6,100		27,816
Whitney Holding Corp./Louisiana	16,000		183,200
Wilmington Trust Corp.^	18,316		177,482
Wilshire Bancorp, Inc.^	4,500		23,220
Wintrust Financial Corp.^	5,900		72,570
Yadkin Valley Financial Corp.^	2,700		20,115
			21,752,765
Consumer Finance (0.2%)
Advance America Cash Advance
Centers, Inc.^	10,600		17,914
Advanta Corp., Class B	14,100		9,306
AmeriCredit Corp.*^	31,100		182,246
Capital One Financial Corp.^	15,000		183,600
Cash America International, Inc.	3,700		57,942
CompuCredit Corp.*^	6,000		14,700
Credit Acceptance Corp.*^	400		8,596
Dollar Financial Corp.*^	6,840		65,117
First Cash Financial Services, Inc.*	500		7,460
First Marblehead Corp.*	12,200		15,738
Nelnet, Inc., Class A*	4,800		42,432
QC Holdings, Inc.	4,774		28,214
Student Loan Corp.^	1,100		47,784
			681,049
Diversified Financial Services (0.7%)
Ampal American Israel, Class A*	7,300		12,483
Asset Acceptance Capital Corp.*^	1,100		5,841
CIT Group, Inc.	182,240		519,384
Compass Diversified Holdings	6,300		56,196
Encore Capital Group, Inc.*	2,600		11,778
Fifth Street Finance Corp.	1,700		13,158
Financial Federal Corp.^	6,000		127,080
Interactive Brokers Group, Inc., Class A*	10,057		162,219
Life Partners Holdings, Inc.^	250		4,265
MarketAxess Holdings, Inc.*	7,400		56,536
Medallion Financial Corp.	3,700		27,417
NewStar Financial, Inc.*^	6,100		14,152
PHH Corp.*^	120,810		1,697,381
PICO Holdings, Inc.*	3,900		117,273
Portfolio Recovery Associates, Inc.*^	1,500		40,260
Primus Guaranty Ltd.*	4,400		6,908
Resource America, Inc., Class A	3,600		14,364
			2,886,695
Insurance (6.2%)
Alleghany Corp.*^	1,326		359,121
Allied World Assurance Co. Holdings Ltd./Bermuda	22,200		844,266
Ambac Financial Group, Inc.^	68,400		53,352

136

AXA PREMIER VIP TRUST

MULTIMANAGER MID CAP VALUE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Number of Shares	Value (Note 1)
American Equity Investment Life Holding Co.	25,200	$	104,832
American Financial Group, Inc./Ohio^	18,800		301,740
American National Insurance Co.^	3,900		204,399
American Physicians Capital, Inc.	1,800		73,656
American Safety Insurance Holdings Ltd.*	2,900		33,379
Amerisafe, Inc.*	4,500		68,940
Amtrust Financial Services, Inc.	4,200		40,110
Arch Capital Group Ltd.*	11,200		603,232
Argo Group International Holdings Ltd.*	4,700		141,611
Arthur J. Gallagher & Co.^	22,800		387,600
Aspen Insurance Holdings Ltd.	44,222		993,226
Assured Guaranty Ltd.^	13,500		91,395
Axis Capital Holdings Ltd.	25,500		574,770
Baldwin & Lyons, Inc., Class B^	2,000		37,840
Brown & Brown, Inc.	21,700		410,347
Citizens, Inc./Texas*	9,000		65,430
CNA Financial Corp.	67,410		617,476
CNA Surety Corp.*	4,000		73,760
Conseco, Inc.*	40,400		37,168
Crawford & Co., Class B*^	6,200		41,664
Delphi Financial Group, Inc., Class A^	10,200		137,292
Donegal Group, Inc., Class A	3,000		46,110
EMC Insurance Group, Inc.^	1,300		27,391
Employers Holdings, Inc.	10,900		103,986
Endurance Specialty Holdings Ltd.	26,120		651,433
Enstar Group, Ltd.*	500		28,160
Erie Indemnity Co., Class A	7,000		239,260
Everest Reinsurance Group Ltd.	12,420		879,336
FBL Financial Group, Inc., Class A^	2,600		10,790
Fidelity National Financial, Inc., Class A^	73,900		1,441,789
First Acceptance Corp.*	3,100		7,502
First American Corp.^	33,060		876,421
First Mercury Financial Corp.*	2,800		40,432
Flagstone Reinsurance Holdings Ltd.	7,100		55,309
FPIC Insurance Group, Inc.*	2,100		77,763
Greenlight Capital Reinsurance Ltd., Class A*	6,700		106,999
Hallmark Financial Services*	2,200		15,246
Hanover Insurance Group, Inc.	12,700		366,014
Harleysville Group, Inc.	3,000		95,430
HCC Insurance Holdings, Inc.	28,200		710,358
Hilltop Holdings, Inc.*	10,600		120,840
Horace Mann Educators Corp.	10,200		85,374
Independence Holding Co.	2,400		12,024
Infinity Property & Casualty Corp.^	3,500		118,755
IPC Holdings Ltd.	13,600		367,744
Kansas City Life Insurance Co.	1,300		46,605
Maiden Holdings Ltd.^	13,100		58,557
Markel Corp.*	2,400		681,312
Max Capital Group Ltd.	14,000		241,360
MBIA, Inc.*^	39,900		182,742
Meadowbrook Insurance Group, Inc.	12,800		78,080
Mercury General Corp.^	6,300		187,110
Montpelier Reinsurance Holdings Ltd.	22,300		289,008
National Financial Partners Corp.	11,300		36,160
National Interstate Corp.	1,700		28,747
National Western Life Insurance Co., Class A	600		67,800
Navigators Group, Inc.*	3,300		155,694
NYMAGIC, Inc.	900		10,980
Odyssey Reinsurance Holdings Corp.	5,200		197,236
Old Republic International Corp.^	56,300		609,166
OneBeacon Insurance Group Ltd., Class A^	5,700		55,062
PartnerReinsurance Ltd.	28,740		1,783,892
Phoenix Cos., Inc.	22,400		26,208
Platinum Underwriters Holdings Ltd.^	61,278		1,737,844
PMA Capital Corp., Class A*	6,900		28,773
Presidential Life Corp.^	5,000		38,950
ProAssurance Corp.*^	7,700		358,974
Protective Life Corp.^	16,200		85,050
Reinsurance Group of America, Inc.	48,778		1,579,919
RenaissanceReinsurance Holdings Ltd.	14,900		736,656
RLI Corp.^	4,600		230,920
Safety Insurance Group, Inc.	4,000		124,320
SeaBright Insurance Holdings, Inc.*	6,800		71,128
Selective Insurance Group, Inc.	12,600		153,216
StanCorp Financial Group, Inc.^	11,700		266,526
State Auto Financial Corp.^	3,400		59,840
Stewart Information Services Corp.	4,100		79,950
Tower Group, Inc.	3,981		98,052
Transatlantic Holdings, Inc.^	4,900		174,783
Unico American Corp.*	358		2,685
United America Indemnity Ltd., Class A*^	4,600		18,492
United Fire & Casualty Co.^	5,300		116,388
Unitrin, Inc.	10,100		141,198
Universal Insurance Holdings, Inc.^	8,570		32,223
Unum Group^	72,400		905,000
Validus Holdings Ltd.	15,800		374,144
Wesco Financial Corp.	300		82,800
Zenith National Insurance Corp.	9,200		221,812
			25,236,434
Real Estate Investment Trusts (REITs) (4.1%)
Acadia Realty Trust (REIT)^	4,000		42,440
Agree Realty Corp. (REIT)	2,100		32,949
Alexander’s, Inc. (REIT)	200		34,076
Alexandria Real Estate Equities, Inc. (REIT)^	7,700		280,280
AMB Property Corp. (REIT)^	24,100		347,040
American Campus Communities, Inc. (REIT)^	10,000		173,600
American Capital Agency Corp. (REIT)	2,400		41,064
Annaly Capital Management, Inc. (REIT)	44,620		618,879
Anthracite Capital, Inc. (REIT)^	21,600		7,344
Anworth Mortgage Asset Corp. (REIT)	23,400		143,442
Apartment Investment & Management Co. (REIT), Class A	19,700		107,956
Arbor Realty Trust, Inc. (REIT)^	5,300		3,816
Ashford Hospitality Trust, Inc. (REIT)^	23,700		36,498
Associated Estates Realty Corp. (REIT)^	2,000		11,360
BioMed Realty Trust, Inc. (REIT)	18,900		127,953
Brandywine Realty Trust (REIT)	22,800		64,980
BRE Properties, Inc. (REIT)^	11,500		225,745
Camden Property Trust (REIT)^	4,600		99,268
Capital Trust, Inc./New York (REIT), Class A	6,200		6,820
CapLease, Inc. (REIT)	11,300		22,261
Capstead Mortgage Corp. (REIT)	14,900		160,026

137

AXA PREMIER VIP TRUST

MULTIMANAGER MID CAP VALUE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Number of Shares	Value (Note 1)
Care Investment Trust, Inc. (REIT)	3,300	$	18,018
CBL & Associates Properties, Inc. (REIT)^	16,000		37,760
Cedar Shopping Centers, Inc. (REIT)^	10,900		18,966
Chimera Investment Corp. (REIT)	31,800		106,848
Cogdell Spencer, Inc. (REIT)^	2,500		12,750
Colonial Properties Trust (REIT)	11,600		44,196
Corporate Office Properties Trust/Maryland (REIT)	10,000		248,300
Cousins Properties, Inc. (REIT)^	5,200		33,488
DCT Industrial Trust, Inc. (REIT)^	40,500		128,385
DiamondRock Hospitality Co. (REIT)	22,000		88,220
Digital Realty Trust, Inc. (REIT)^	6,000		199,080
Douglas Emmett, Inc. (REIT)	28,900		213,571
Duke Realty Corp. (REIT)^	36,400		200,200
DuPont Fabros Technology, Inc. (REIT)	1,800		12,384
EastGroup Properties, Inc. (REIT)	4,000		112,280
Education Realty Trust, Inc. (REIT)	7,000		24,430
Entertainment Properties Trust (REIT)^	18,500		291,560
Equity Lifestyle Properties, Inc. (REIT)^	1,800		68,580
Equity One, Inc. (REIT)^	7,500		91,425
Essex Property Trust, Inc. (REIT)^	5,100		292,434
Extra Space Storage, Inc. (REIT)^	21,000		115,710
Federal Realty Investment Trust (REIT)^	10,000		460,000
FelCor Lodging Trust, Inc. (REIT)^	13,100		17,816
First Industrial Realty Trust, Inc. (REIT)^	12,700		31,115
First Potomac Realty Trust (REIT)	7,000		51,450
Franklin Street Properties Corp. (REIT)	14,000		172,200
Friedman Billings Ramsey Group, Inc. (REIT), Class A*	54,400		10,880
Getty Realty Corp. (REIT)^	4,300		78,905
Glimcher Realty Trust (REIT)	7,400		10,360
Gramercy Capital Corp./New York (REIT)	15,300		14,841
Hatteras Financial Corp. (REIT)	3,600		89,964
Health Care REIT, Inc. (REIT)	23,500		718,865
Healthcare Realty Trust, Inc. (REIT)^	14,000		209,860
Hersha Hospitality Trust (REIT)	10,600		20,140
Highwoods Properties, Inc. (REIT)	14,400		308,448
Home Properties, Inc. (REIT)^	4,300		131,795
Hospitality Properties Trust (REIT)	49,371		592,452
HRPT Properties Trust (REIT)^	83,642		266,818
Inland Real Estate Corp. (REIT)^	9,300		65,937
Investors Real Estate Trust (REIT)^	13,500		133,110
iStar Financial, Inc. (REIT)^	25,800		72,498
Kilroy Realty Corp. (REIT)^	7,000		120,330
Kimco Realty Corp. (REIT)^	24,140		183,947
Kite Realty Group Trust (REIT)^	5,200		12,740
LaSalle Hotel Properties (REIT)^	10,200		59,568
Lexington Realty Trust (REIT)	21,400		50,932
Liberty Property Trust (REIT)	24,000		454,560
LTC Properties, Inc. (REIT)	5,400		94,716
Mack-Cali Realty Corp. (REIT)	15,700		311,017
Maguire Properties, Inc. (REIT)*	14,100		10,152
Medical Properties Trust, Inc. (REIT)^	41,682		152,139
MFA Financial, Inc. (REIT)	170,840		1,004,540
Mid-America Apartment Communities, Inc. (REIT)^	2,900		89,407
Mission West Properties, Inc. (REIT)^	5,600		35,840
Monmouth Real Estate Investment Corp. (REIT), Class A	5,500		36,355
National Health Investors, Inc. (REIT)^	5,200		139,724
National Retail Properties, Inc. (REIT)^	18,700		296,208
Nationwide Health Properties, Inc. (REIT)^	22,800		505,932
Newcastle Investment Corp. (REIT)	19,400		12,610
NorthStar Realty Finance Corp. (REIT)^	14,300		33,176
Omega Healthcare Investors, Inc. (REIT)	17,200		242,176
One Liberty Properties, Inc. (REIT)	4,620		16,262
Parkway Properties, Inc./Maryland (REIT)^	3,700		38,110
Pennsylvania Real Estate Investment Trust (REIT)^	10,100		35,855
Post Properties, Inc. (REIT)^	10,300		104,442
Potlatch Corp. (REIT)	5,900		136,821
PS Business Parks, Inc. (REIT)^	2,600		95,810
RAIT Financial Trust (REIT)	12,600		15,372
Ramco-Gershenson Properties Trust (REIT)^	6,767		43,647
Rayonier, Inc. (REIT)	16,800		507,696
Realty Income Corp. (REIT)^	24,900		468,618
Redwood Trust, Inc. (REIT)	14,900		228,715
Regency Centers Corp. (REIT)^	16,800		446,376
Resource Capital Corp. (REIT)	4,300		13,072
Saul Centers, Inc. (REIT)	900		20,673
Senior Housing Properties Trust (REIT)	28,200		395,364
SL Green Realty Corp. (REIT)^	4,080		44,064
Sovran Self Storage, Inc. (REIT)	5,100		102,408
Strategic Hotels & Resorts, Inc. (REIT)^	13,500		9,315
Sun Communities, Inc. (REIT)	1,200		14,196
Sunstone Hotel Investors, Inc. (REIT)^	13,900		36,557
Transcontinental Realty Investors, Inc.*	2,262		24,905
UDR, Inc. (REIT)^	35,500		305,655
Universal Health Realty Income Trust (REIT)	2,600		75,998
Urstadt Biddle Properties, Inc. (REIT), Class A^	5,000		67,100
U-Store-It Trust (REIT)	13,200		26,664
Ventas, Inc. (REIT)^	26,500		599,165
Washington Real Estate Investment Trust (REIT)^	6,100		105,530
Weingarten Realty Investors (REIT)^	17,600		167,552
Winthrop Realty Trust (REIT)	2,800		19,348
			16,415,195
Real Estate Management & Development (0.1%)
Avatar Holdings, Inc.*	1,700		25,466
Consolidated-Tomoka Land Co.	400		11,880
Forestar Group, Inc.*^	7,800		59,670
FX Real Estate and Entertainment, Inc.*	3,800		610
Grubb & Ellis Co.^	2,000		1,260
Jones Lang LaSalle, Inc.^	8,200		190,732
Maui Land & Pineapple Co., Inc.*^	1,700		14,433

138

AXA PREMIER VIP TRUST

MULTIMANAGER MID CAP VALUE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Number of Shares	Value (Note 1)
Meruelo Maddux Properties, Inc.*	15,700	$	1,146
St. Joe Co.*	3,500		58,590
Stratus Properties, Inc.*^	2,300		13,915
Thomas Properties Group, Inc.^	7,100		8,378
			386,080
Thrifts & Mortgage Finance (1.5%)
Abington Bancorp, Inc.^	6,200		51,336
Anchor Bancorp Wisconsin, Inc.	7,000		9,450
Astoria Financial Corp.^	30,852		283,530
Bank Mutual Corp.	11,800		106,908
BankFinancial Corp.^	4,800		47,856
Beneficial Mutual Bancorp, Inc.*^	25,189		248,112
Berkshire Hills Bancorp, Inc.^	7,260		166,399
Brookline Bancorp, Inc.	13,700		130,150
Brooklyn Federal Bancorp, Inc.	1,300		14,339
Capitol Federal Financial	3,300		124,773
Clifton Savings Bancorp, Inc.	2,900		29,000
Corus Bankshares, Inc.*	13,900		3,753
Danvers Bancorp, Inc.^	2,200		30,382
Dime Community Bancshares, Inc.^	6,300		59,094
Doral Financial Corp.*^	1,900		3,420
Encore Bancshares, Inc.*	1,400		12,418
ESB Financial Corp.	1,850		20,332
ESSA Bancorp, Inc.	4,100		54,571
Farmer Mac, Class C	3,500		9,380
First Defiance Financial Corp.	1,220		7,369
First Financial Holdings, Inc.^	2,700		20,655
First Financial Northwest, Inc.^	5,600		46,704
First Niagara Financial Group, Inc.	33,200		361,880
First Place Financial Corp./Ohio	3,300		11,088
Flagstar Bancorp, Inc.*	22,200		16,650
Flushing Financial Corp.^	5,900		35,518
Fox Chase Bancorp, Inc.*	1,300		12,285
Guaranty Financial Group, Inc.*^	19,100		20,055
Harleysville Savings Financial Corp.	856		9,964
HF Financial Corp.	1,531		19,520
Home Federal Bancorp, Inc./Idaho	1,200		10,476
HopFed Bancorp, Inc.	434		3,993
Kearny Financial Corp.^	4,300		45,064
Meridian Interstate Bancorp, Inc.*^	2,600		21,892
MGIC Investment Corp.^	29,600		42,032
NASB Financial, Inc.^	700		17,437
New Hampshire Thrift Bancshares, Inc.	1,640		11,890
New York Community Bancorp, Inc.^	22,800		254,676
NewAlliance Bancshares, Inc.^	26,800		314,632
Northwest Bancorp, Inc.	4,100		69,290
OceanFirst Financial Corp.	5,017		51,274
Ocwen Financial Corp.*^	8,300		94,869
Oritani Financial Corp.*	600		8,400
Parkvale Financial Corp.	512		5,622
People’s United Financial, Inc.	106,031		1,905,376
PMI Group, Inc.	14,600		9,052
Provident Financial Services, Inc.	14,100		152,421
Provident New York Bancorp	9,300		79,515
Radian Group, Inc.	22,600		41,132
Rockville Financial, Inc.	2,200		20,020
Roma Financial Corp.^	2,200		28,490
Severn Bancorp, Inc./Maryland	2,518		7,705
TF Financial Corp.	676		12,296
TFS Financial Corp.	20,200		245,026
TrustCo Bank Corp. NY/New York^	11,800		71,036
United Community Financial Corp./Ohio^	9,900		11,979
United Financial Bancorp, Inc.^	3,800		49,742
United Western Bancorp, Inc.	2,200		10,736
ViewPoint Financial Group	300		3,609
Washington Federal, Inc.^	21,700		288,393
Waterstone Financial, Inc.*^	2,600		5,304
Westfield Financial, Inc.	7,900		69,520
WSFS Financial Corp.	1,400		31,304
			5,961,094
Total Financials			78,793,794
Health Care (6.4%)
Biotechnology (0.3%)
Arena Pharmaceuticals, Inc.*	12,800		38,528
Celera Corp.*	12,100		92,323
Cytokinetics, Inc.*	1,200		2,040
Emergent Biosolutions, Inc.*^	2,000		27,020
Geron Corp.*^	7,500		33,525
Human Genome Sciences, Inc.*^	26,200		21,746
Lexicon Pharmaceuticals, Inc.*^	11,500		12,535
MannKind Corp.*^	5,700		19,836
Maxygen, Inc.*	4,100		27,880
Nabi Biopharmaceuticals*	11,900		44,030
PDL BioPharma, Inc.^	26,292		186,147
Theravance, Inc.*^	47,040		799,680
			1,305,290
Health Care Equipment & Supplies (1.6%)
AngioDynamics, Inc.*	3,400		38,216
Beckman Coulter, Inc.	3,000		153,030
Cantel Medical Corp.*	5,792		74,543
Cardiac Science Corp.*	3,700		11,137
CONMED Corp.*^	15,534		223,845
Cooper Cos., Inc.^	11,390		301,152
Daxor Corp.	800		12,320
ev3, Inc.*^	13,200		93,720
Greatbatch, Inc.*^	5,300		102,555
Hill-Rom Holdings, Inc.^	12,700		125,603
Hologic, Inc.*^	31,300		409,717
ICU Medical, Inc.*	1,600		51,392
Invacare Corp.^	15,502		248,497
Inverness Medical Innovations, Inc.*^	9,500		252,985
Kewaunee Scientific Corp.	740		6,845
Kinetic Concepts, Inc.*^	4,200		88,704
Medical Action Industries, Inc.*^	1,700		14,093
NxStage Medical, Inc.*^	3,900		10,062
OraSure Technologies, Inc.*	1,100		2,783
Orthofix International N.V.*	2,900		53,708
Palomar Medical Technologies, Inc.*^	5,200		37,752
Sirona Dental Systems, Inc.*^	400		5,728
Span-America Medical Systems, Inc.	840		7,174
Symmetry Medical, Inc.*	7,100		44,801
Teleflex, Inc.	9,500		371,355
TomoTherapy, Inc.*	800		2,120
West Pharmaceutical Services, Inc.^	15,080		494,775
Zimmer Holdings, Inc.*	90,000		3,284,999
			6,523,611
Health Care Providers & Services (3.0%)
Alliance HealthCare Services, Inc.*	700		4,760
AMERIGROUP Corp.*	13,200		363,528
AmerisourceBergen Corp.^	17,440		569,590
AMN Healthcare Services, Inc.*	900		4,590
Amsurg Corp.*	7,700		122,045
Assisted Living Concepts, Inc., Class A*	1,180		16,001
BMP Sunstone Corp.*	1,000		3,230
Brookdale Senior Living, Inc.^	8,300		41,915
Capital Senior Living Corp.*	4,300		10,492

139

AXA PREMIER VIP TRUST

MULTIMANAGER MID CAP VALUE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Number of Shares	Value (Note 1)
Centene Corp.*	9,400	$	169,388
Chemed Corp.^	1,500		58,350
CIGNA Corp.	50,700		891,813
Community Health Systems, Inc.*	17,800		273,052
Cross Country Healthcare, Inc.*^	5,800		37,990
Emergency Medical Services Corp., Class A*	1,300		40,807
Ensign Group, Inc.	2,200		34,012
Five Star Quality Care, Inc.*	11,000		11,440
Gentiva Health Services, Inc.*	3,300		50,160
Hanger Orthopedic Group, Inc.*	7,500		99,375
Health Management Associates, Inc., Class A*	18,900		48,762
Health Net, Inc.*^	279,618		4,048,868
HealthSouth Corp.*^	20,800		184,704
Healthspring, Inc.*	11,500		96,255
Henry Schein, Inc.*^	1,500		60,015
Humana, Inc.*	70,160		1,829,773
IPC The Hospitalist Co., Inc.*	100		1,903
Kindred Healthcare, Inc.*	12,370		184,932
Laboratory Corp. of America Holdings*^	9,580		560,334
Landauer, Inc.	1,000		50,680
LifePoint Hospitals, Inc.*^	12,900		269,094
Lincare Holdings, Inc.*^	1,500		32,700
Magellan Health Services, Inc.*	8,900		324,316
MedCath Corp.*^	4,500		32,715
MEDNAX, Inc.*	1,700		50,099
Molina Healthcare, Inc.*^	3,300		62,766
National Healthcare Corp.	400		16,060
National Research Corp.^	100		2,484
Nighthawk Radiology Holdings, Inc.*^	4,000		10,800
Odyssey HealthCare, Inc.*	6,100		59,170
Omnicare, Inc.	24,310		595,352
Owens & Minor, Inc.^	1,000		33,130
PharMerica Corp.*^	7,400		123,136
Providence Service Corp.*	700		4,816
RadNet, Inc.*	700		868
RehabCare Group, Inc.*	4,700		81,968
Res-Care, Inc.*	5,700		82,992
Skilled Healthcare Group, Inc., Class A*	4,200		34,482
Sunrise Senior Living, Inc.*	1,900		1,292
Tenet Healthcare Corp.*	55,400		64,264
Triple-S Management Corp., Class B*^	3,600		44,352
Universal American Corp.*	9,500		80,465
Universal Health Services, Inc., Class B	11,600		444,744
			12,320,829
Health Care Technology (0.1%)
Computer Programs & Systems, Inc.^	300		9,981
HLTH Corp.*^	17,900		185,265
Vital Images, Inc.*	1,900		21,413
			216,659
Life Sciences Tools & Services (0.4%)
Affymetrix, Inc.*^	7,800		25,506
Albany Molecular Research, Inc.*	4,100		38,663
Caliper Life Sciences, Inc.*^	9,300		9,207
Cambrex Corp.*^	4,600		10,488
Charles River Laboratories International, Inc.*^	8,900		242,169
Enzo Biochem, Inc.*	2,900		11,658
Life Technologies Corp.*	30,968		1,005,841
Nektar Therapeutics*	12,900		69,531
PerkinElmer, Inc.	16,200		206,874
Varian, Inc.*	600		14,244
			1,634,181
Pharmaceuticals (1.0%)
BioForm Medical, Inc.*	1,600		1,952
Cypress Bioscience, Inc.*	1,400		9,954
Endo Pharmaceuticals Holdings, Inc.*	23,660		418,309
H. Lundbeck A/S	11,545		196,769
Impax Laboratories, Inc.*	135,260		708,762
Jazz Pharmaceuticals, Inc.*	1,400		1,246
King Pharmaceuticals, Inc.*	60,600		428,442
Mylan, Inc.*^	67,700		907,857
Par Pharmaceutical Cos., Inc.*	19,620		185,801
Salix Pharmaceuticals Ltd.*^	11,200		106,400
Valeant Pharmaceuticals
International*^	7,800		138,762
ViroPharma, Inc.*	20,940		109,935
Watson Pharmaceuticals, Inc.*	21,532		669,861
			3,884,050
Total Health Care			25,884,620
Industrials (10.2%)
Aerospace & Defense (0.5%)
AAR Corp.*^	7,000		87,780
Alliant Techsystems, Inc.*^	15,580		1,043,548
Applied Signal Technology, Inc.	2,300		46,529
Argon ST, Inc.*	600		11,382
BE Aerospace, Inc.*^	1,300		11,271
Ceradyne, Inc.*	6,700		121,471
Cubic Corp.	3,600		91,188
Curtiss-Wright Corp.^	1,600		44,880
Ducommun, Inc.	2,400		34,896
DynCorp International, Inc., Class A*	5,800		77,314
Esterline Technologies Corp.*	1,642		33,152
Herley Industries, Inc.*^	2,300		27,508
Ladish Co., Inc.*^	4,400		31,944
LMI Aerospace, Inc.*	1,200		8,688
Moog, Inc., Class A*	9,500		217,265
SIFCO Industries, Inc.*	700		4,060
Spirit AeroSystems Holdings, Inc., Class A*^	24,900		248,253
Triumph Group, Inc.	1,700		64,940
			2,206,069
Air Freight & Logistics (0.0%)
Atlas Air Worldwide Holdings, Inc.*	3,200		55,520
Dynamex, Inc.*	900		11,772
Hub Group, Inc., Class A*	3,100		52,700
Pacer International, Inc.	4,300		15,050
Park-Ohio Holdings Corp.*^	3,000		9,780
UTi Worldwide, Inc.	2,700		32,265
			177,087
Airlines (0.8%)
AirTran Holdings, Inc.*^	14,500		65,975
Alaska Air Group, Inc.*	13,500		237,195
Allegiant Travel Co.*^	500		22,730
AMR Corp.*^	33,900		108,141
Continental Airlines, Inc., Class B*^	30,500		268,705
Copa Holdings S.A., Class A	2,000		57,340
Delta Air Lines, Inc.*	325,880		1,834,704
Hawaiian Holdings, Inc.*	2,100		7,833
JetBlue Airways Corp.*	40,900		149,285
Republic Airways Holdings, Inc.*	16,320		105,754
SkyWest, Inc.	31,540		392,358
U.S. Airways Group, Inc.*	28,700		72,611

140

AXA PREMIER VIP TRUST

MULTIMANAGER MID CAP VALUE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Number of Shares	Value (Note 1)
UAL Corp.*^	15,400	$	68,992
			3,391,623
Building Products (0.3%)
American Woodmark Corp.^	900		15,804
Ameron International Corp.	1,700		89,522
Apogee Enterprises, Inc.^	3,200		35,136
Armstrong World Industries, Inc.*^	12,580		138,506
Builders FirstSource, Inc.*^	5,900		11,918
Gibraltar Industries, Inc.^	7,600		35,872
Griffon Corp.*	13,000		97,500
Insteel Industries, Inc.^	3,900		27,144
NCI Building Systems, Inc.*^	3,700		8,214
Owens Corning, Inc.*	18,000		162,720
Quanex Building Products Corp.	3,200		24,320
Simpson Manufacturing Co., Inc.^	8,800		158,576
Trex Co., Inc.*	2,400		18,312
Universal Forest Products, Inc.^	9,920		263,971
USG Corp.*	7,400		56,314
			1,143,829
Commercial Services & Supplies (1.0%)
ABM Industries, Inc.^	10,400		170,560
ACCO Brands Corp.*	11,800		11,564
Amrep Corp.*	600		9,420
ATC Technology Corp.*	5,700		63,840
Bowne & Co., Inc	4,400		14,124
Casella Waste Systems, Inc., Class A*	3,600		6,156
Comfort Systems USA, Inc.	20,689		214,545
Consolidated Graphics, Inc.*^	900		11,448
Cornell Cos., Inc.*^	2,800		45,836
Corrections Corp. of America*^	3,600		46,116
Courier Corp.	2,900		43,993
Deluxe Corp.	16,200		156,006
EnerNOC, Inc.*^	2,400		34,896
Ennis, Inc	6,800		60,248
G&K Services, Inc., Class A	4,700		88,877
GeoEye, Inc.*^	6,240		123,240
Herman Miller, Inc.	6,100		65,026
HNI Corp.^	9,500		98,800
ICT Group, Inc.*	1,800		10,026
Intersections, Inc.*	4,550		24,252
Kimball International, Inc., Class B	8,100		53,136
Knoll, Inc.	1,800		11,034
M&F Worldwide Corp.*^	3,000		35,130
McGrath RentCorp^	2,100		33,096
Mine Safety Appliances Co.^	4,700		94,094
Mobile Mini, Inc.*^	1,200		13,824
Multi-Color Corp.	500		6,115
North American Galvanizing & Coatings, Inc.*	1,826		5,515
R.R. Donnelley & Sons Co.^	42,440		311,085
Republic Services, Inc.	94,000		1,612,099
Schawk, Inc.^	4,300		25,972
Standard Parking Corp.*	800		13,120
Standard Register Co.^	2,000		9,160
Steelcase, Inc., Class A^	14,900		74,649
United Stationers, Inc.*	13,200		370,656
Viad Corp.	5,000		70,600
Waste Services, Inc.*	6,500		27,820
			4,066,078
Construction & Engineering (1.3%)
Aecom Technology Corp.*^	2,500		65,200
Dycom Industries, Inc.*	9,800		56,742
EMCOR Group, Inc.*^	24,800		425,816
Furmanite Corp.*	3,500		10,885
Granite Construction, Inc.^	19,280		722,614
Great Lakes Dredge & Dock Corp.	10,400		31,304
Insituform Technologies, Inc., Class A*	8,700		136,068
Integrated Electrical Services, Inc.*	2,200		20,064
KBR, Inc.	7,800		107,718
Layne Christensen Co.*	3,700		59,459
MasTec, Inc.*	900		10,881
Michael Baker Corp.*	3,816		99,216
Northwest Pipe Co.*^	2,100		59,787
Perini Corp.*^	13,313		163,750
Pike Electric Corp.*	2,900		26,825
Quanta Services, Inc.*	10,800		231,660
Shaw Group, Inc.*	67,700		1,855,657
Sterling Construction Co., Inc.*	1,100		19,624
URS Corp.*^	33,080		1,336,763
			5,440,033
Electrical Equipment (0.5%)
A. O. Smith Corp.^	4,900		123,382
Acuity Brands, Inc.^	1,500		33,810
AZZ, Inc.*^	1,700		44,863
Baldor Electric Co.^	10,900		157,941
Belden, Inc.	7,500		93,825
Brady Corp., Class A^	11,900		209,797
China BAK Battery, Inc.*	2,800		4,788
Coleman Cable, Inc.*^	800		1,704
Encore Wire Corp.	4,200		90,006
EnerSys*	4,900		59,388
Franklin Electric Co., Inc.	2,200		48,686
GrafTech International Ltd.*	4,600		28,336
GT Solar International, Inc.*	3,600		23,904
Hubbell, Inc., Class B	7,800		210,288
LaBarge, Inc.*	400		3,348
LSI Industries, Inc.	4,700		24,299
Medis Technologies Ltd.*	600		264
Plug Power, Inc.*	33,900		29,493
Powell Industries, Inc.*^	200		7,062
Power-One, Inc.*	12,200		10,736
Preformed Line Products Co.^	600		22,584
Regal-Beloit Corp.^	7,700		235,928
Thomas & Betts Corp.*	13,100		327,762
Valence Technology, Inc.*	4,600		9,798
Woodward Governor Co.	3,500		39,130
			1,841,122
Industrial Conglomerates (0.2%)
Carlisle Cos., Inc.	13,000		255,190
Otter Tail Corp.^	8,400		185,220
Seaboard Corp.	80		80,800
Standex International Corp.	4,000		36,800
Tredegar Corp.	5,900		96,347
United Capital Corp.*	604		10,419
			664,776
Machinery (3.7%)
3D Systems Corp.*	600		3,954
Actuant Corp., Class A^	2,000		20,660
AGCO Corp.*	256,650		5,030,341
Alamo Group, Inc.^	114,800		1,223,768
Albany International Corp., Class A	7,500		67,875
American Railcar Industries, Inc.	700		5,341
Ampco-Pittsburgh Corp.	800		10,608
Astec Industries, Inc.*^	500		13,115
Badger Meter, Inc.^	400		11,556
Blount International, Inc.*	8,800		40,656
Briggs & Stratton Corp.^	11,800		194,700
Cascade Corp.^	2,200		38,786
CIRCOR International, Inc.	500		11,260

141

AXA PREMIER VIP TRUST

MULTIMANAGER MID CAP VALUE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Number of Shares	Value (Note 1)
CLARCOR, Inc.^	4,700	$	118,393
Columbus McKinnon Corp.*^	3,900		34,008
Commercial Vehicle Group, Inc.*^	8,000		4,400
Crane Co.^	12,600		212,688
Dover Corp.	6,020		158,808
Energy Recovery, Inc.*^	1,800		13,680
EnPro Industries, Inc.*	9,500		162,450
Federal Signal Corp.	10,900		57,443
Force Protection, Inc.*	15,898		76,310
FreightCar America, Inc.	2,600		45,578
Gardner Denver, Inc.*	12,500		271,750
Greenbrier Cos., Inc.	3,500		12,810
Hurco Cos., Inc.*^	1,500		15,945
IDEX Corp.^	2,300		50,301
Kadant, Inc.*	3,500		40,320
Kennametal, Inc.	14,400		233,424
L.B. Foster Co., Class A*	2,400		59,592
L.S. Starrett Co., Class A	1,044		6,525
Lincoln Electric Holdings, Inc.^	3,300		104,577
Lydall, Inc.*	6,100		18,117
Mueller Industries, Inc.	8,200		177,858
Mueller Water Products, Inc., Class A	29,000		95,700
NACCO Industries, Inc., Class A	1,500		40,770
Navistar International Corp.*^	13,890		464,759
NN, Inc.	1,000		1,260
Oshkosh Corp.^	5,000		33,700
Pentair, Inc.	58,320		1,263,794
Robbins & Myers, Inc.	2,900		43,993
Sauer-Danfoss, Inc.	400		976
Tata Motors Ltd. (ADR)	707,497		3,487,960
Tecumseh Products Co., Class A*	3,600		16,272
Tennant Co.	400		3,748
Thermadyne Holdings Corp.*	3,900		8,268
Timken Co.	18,700		261,052
Trimas Corp.*	5,400		9,450
Trinity Industries, Inc.^	19,760		180,606
Twin Disc, Inc.	1,400		9,688
Wabash National Corp.	11,300		13,899
Wabtec Corp.^	1,400		36,932
Watts Water Technologies, Inc., Class A	6,900		134,964
			14,655,388
Marine (0.1%)
Alexander & Baldwin, Inc.	10,200		194,106
International Shipholding Corp.^	3,680		72,386
TBS International Ltd., Class A*	1,229		9,033
Ultrapetrol Bahamas Ltd.*	4,700		12,690
			288,215
Professional Services (0.4%)
CDI Corp.	2,900		28,188
COMSYS IT Partners, Inc.*	5,400		11,934
CRA International, Inc.*^	1,000		18,880
Dun & Bradstreet Corp.	3,900		300,300
Equifax, Inc.	14,500		354,525
Exponent, Inc.*	1,100		27,863
First Advantage Corp., Class A*	2,900		39,962
Heidrick & Struggles International, Inc.	4,400		78,056
Hudson Highland Group, Inc.*^	1,500		1,665
ICF International, Inc.*^	1,886		43,321
Kelly Services, Inc., Class A^	6,700		53,935
Kforce, Inc.*^	6,700		47,101
Korn/Ferry International*	10,400		94,224
LECG Corp.*	6,100		15,494
Manpower, Inc.	4,532		142,894
MPS Group, Inc.*	22,200		132,090
National Technical Systems, Inc.	1,277		3,780
Odyssey Marine Exploration, Inc.*^	3,700		12,543
On Assignment, Inc.*	8,900		24,119
School Specialty, Inc.*^	4,700		82,673
Spherion Corp.*	5,500		11,440
TrueBlue, Inc.*	9,600		79,200
Volt Information Sciences, Inc.*	3,200		21,280
Watson Wyatt Worldwide, Inc., Class A^	3,500		172,795
			1,798,262
Road & Rail (1.0%)
Amerco, Inc.*	2,200		73,766
Arkansas Best Corp.	5,500		104,610
Avis Budget Group, Inc.*^	18,300		16,653
Canadian Pacific Railway Ltd.	51,000		1,511,130
Celadon Group, Inc.*	6,100		33,855
Con-way, Inc.^	30,740		551,168
Dollar Thrifty Automotive Group, Inc.*	8,000		9,280
Genesee & Wyoming, Inc., Class A*	2,200		46,750
Heartland Express, Inc.^	5,300		78,493
Hertz Global Holdings, Inc.*^	75,700		297,501
Kansas City Southern*^	3,900		49,569
Marten Transport Ltd.*	3,700		69,116
Old Dominion Freight Line, Inc.*^	2,100		49,329
Patriot Transportation Holding, Inc.*	400		24,928
Ryder System, Inc.	26,760		757,576
Saia, Inc.*	3,800		45,410
Universal Truckload Services, Inc.	900		12,906
Werner Enterprises, Inc.^	10,000		151,200
YRC Worldwide, Inc.*^	13,400		60,166
			3,943,406
Trading Companies & Distributors (0.4%)
Aceto Corp.	5,000		29,800
Aircastle Ltd.^	26,636		123,857
Applied Industrial Technologies, Inc.^	7,000		118,090
Beacon Roofing Supply, Inc.*	13,660		182,907
GATX Corp.^	10,300		208,370
H&E Equipment Services, Inc.*	9,900		64,845
Interline Brands, Inc.*	7,700		64,911
Kaman Corp.	5,700		71,478
Lawson Products, Inc.	900		10,953
RSC Holdings, Inc.*	2,340		12,308
Rush Enterprises, Inc., Class A*	28,020		249,939
Rush Enterprises, Inc., Class B*	2,370		18,557
TAL International Group, Inc.^	2,400		17,568
Textainer Group Holdings Ltd.	2,860		19,305
United Rentals, Inc.*^	15,700		66,097
Watsco, Inc.^	2,800		95,284
WESCO International, Inc.*^	3,490		63,239
Willis Lease Finance Corp.*	2,318		24,524
			1,442,032
Transportation Infrastructure (0.0%)
CAI International, Inc.*	800		2,264
Total Industrials			41,060,184
Information Technology (8.6%)
Communications Equipment (1.1%)
3Com Corp.*	96,200		297,258
ADC Telecommunications, Inc.*^	23,400		102,726
ADTRAN, Inc.^	6,000		97,260
Airvana, Inc.*	900		5,265
Anaren, Inc.*^	3,500		38,290

142

AXA PREMIER VIP TRUST

MULTIMANAGER MID CAP VALUE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Number of Shares	Value (Note 1)
Arris Group, Inc.*	65,738	$	484,489
Avocent Corp.*^	24,478		297,163
Bel Fuse, Inc., Class B	3,100		41,664
Black Box Corp.	10,500		247,905
Bookham, Inc.*	37,100		15,953
Brocade Communications Systems, Inc.*	76,900		265,305
DG FastChannel, Inc.*	700		13,139
Digi International, Inc.*	4,900		37,583
EchoStar Corp., Class A*	9,200		136,436
EMS Technologies, Inc.*	3,600		62,856
Emulex Corp.*	21,500		108,145
Extreme Networks, Inc.*	24,800		37,696
Globecomm Systems, Inc.*	2,500		14,475
Harmonic, Inc.*	13,000		84,500
Harris Stratex Networks, Inc., Class A*^	6,400		24,640
Ixia*	4,300		22,231
JDS Uniphase Corp.*	79,920		259,740
Loral Space & Communications, Inc.*	2,800		59,808
MRV Communications, Inc.*	32,600		10,106
NETGEAR, Inc.*	6,800		81,940
Oplink Communications, Inc.*	3,300		25,410
Opnext, Inc.*^	3,100		5,301
Orbcomm, Inc.*	2,100		3,087
Palm, Inc.*^	4,400		37,928
PC-Tel, Inc.	2,700		11,610
Plantronics, Inc.	12,000		144,840
Polycom, Inc.*	1,600		24,624
Powerwave Technologies, Inc.*	48,300		28,690
SeaChange International, Inc.*	7,200		41,184
ShoreTel, Inc.*	2,400		10,344
Sycamore Networks, Inc.*	41,800		111,606
Symmetricom, Inc.*	10,600		37,100
Tekelec*	34,130		451,540
Tellabs, Inc.*	97,600		447,008
UTStarcom, Inc.*	25,900		20,202
ViaSat, Inc.*	4,700		97,854
			4,344,901
Computers & Peripherals (0.4%)
Adaptec, Inc.*	31,500		75,600
Avid Technology, Inc.*	7,500		68,550
Cray, Inc.*	5,500		19,250
Diebold, Inc.	2,600		55,510
Electronics for Imaging, Inc.*	12,500		122,500
Hutchinson Technology, Inc.*^	5,200		13,520
Hypercom Corp.*^	5,300		5,088
Imation Corp.	7,100		54,315
Immersion Corp.*^	5,000		14,650
Intevac, Inc.*	5,600		29,176
Lexmark International, Inc., Class A*	20,060		338,412
NetApp, Inc.*	32,160		477,255
Novatel Wireless, Inc.*^	4,500		25,290
QLogic Corp.*	35,326		392,825
Quantum Corp.*	33,000		22,110
Rackable Systems, Inc.*	6,700		27,202
Rimage Corp.*	2,500		33,375
Super Micro Computer, Inc.*	1,400		6,888
			1,781,516
Electronic Equipment, Instruments & Components (2.8%)
Agilysys, Inc.^	5,700		24,510
Anixter International, Inc.*^	6,500		205,920
Arrow Electronics, Inc.*	92,060		1,754,664
Avnet, Inc.*	20,700		362,457
AVX Corp.^	11,500		104,420
Benchmark Electronics, Inc.*	13,100		146,720
Brightpoint, Inc.*^	12,700		54,356
Checkpoint Systems, Inc.*	9,600		86,112
Cogent, Inc.*^	4,600		54,740
Coherent, Inc.*^	6,173		106,484
Comverge, Inc.*	400		2,780
CPI International, Inc.*	1,700		15,980
CTS Corp.^	8,600		31,046
Electro Rent Corp.	5,300		51,092
Electro Scientific Industries, Inc.*	6,300		37,296
Flextronics International Ltd.*	152,980		442,112
Gerber Scientific, Inc.*^	4,700		11,233
ICx Technologies, Inc.*	2,300		9,315
Ingram Micro, Inc., Class A*	257,000		3,248,479
Insight Enterprises, Inc.*	13,200		40,392
Jabil Circuit, Inc.	27,600		153,456
Kingboard Laminates Holdings Ltd.	1,259,800		350,107
L-1 Identity Solutions, Inc.*	16,000		81,760
Littelfuse, Inc.*	3,500		38,465
Measurement Specialties, Inc.*^	5,651		23,113
Mercury Computer Systems, Inc.*	6,400		35,392
Methode Electronics, Inc.	10,900		39,022
MTS Systems Corp.	2,700		61,425
Multi-Fineline Electronix, Inc.*^	400		6,736
Newport Corp.*	7,900		34,918
OSI Systems, Inc.*	700		10,682
Park Electrochemical Corp.	800		13,824
PC Connection, Inc.*	3,500		13,300
PC Mall, Inc.*	700		3,178
Plexus Corp.*	600		8,292
RadiSys Corp.*^	6,300		38,178
Richardson Electronics Ltd.	4,070		13,757
Rogers Corp.*^	4,200		79,296
Sanmina-SCI Corp.*	92,200		28,121
Scansource, Inc.*^	1,800		33,444
SMART Modular Technologies (WWH), Inc.*	9,200		12,696
SYNNEX Corp.*^	10,100		198,667
Tech Data Corp.*	141,560		3,083,176
Technitrol, Inc.^	8,400		14,364
TESSCOTechnologies, Inc.*	1,327		10,298
TTM Technologies, Inc.*	9,100		52,780
Vicon Industries, Inc.*	1,104		5,873
Vishay Intertechnology, Inc.*	43,900		152,772
Zygo Corp.*	3,500		16,065
			11,403,265
Internet Software & Services (0.7%)
DealerTrack Holdings, Inc.*	3,000		39,300
EarthLink, Inc.*	41,380		271,867
eBay, Inc.*	128,200		1,610,191
HSW International, Inc.*	5,900		974
IAC/InterActiveCorp*	15,000		228,450
InfoSpace, Inc.*	3,600		18,720
Internap Network Services Corp.*^	5,200		13,988
Internet Brands, Inc., Class A*^	2,700		15,849
Internet Capital Group, Inc.*	3,100		12,493
Keynote Systems, Inc.*	2,800		22,204
Limelight Networks, Inc.*	4,800		16,080
ModusLink Global Solutions, Inc.*	12,200		31,598
Perficient, Inc.*	7,100		38,340
Rackspace Hosting, Inc.*^	1,700		12,733
RealNetworks, Inc.*	14,400		33,552
S1 Corp.*	2,500		12,875
SonicWALL, Inc.*	12,500		55,750
SupportSoft, Inc.*	5,400		10,368

143

AXA PREMIER VIP TRUST

MULTIMANAGER MID CAP VALUE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Number of Shares	Value (Note 1)
TheStreet.com, Inc.^	2,700	$	5,319
United Online, Inc.	43,756		195,152
Vignette Corp.*	2,800		18,704
Web.com Group, Inc.*	4,500		14,940
Websense, Inc.*	800		9,600
			2,689,047
IT Services (1.0%)
Acxiom Corp.	14,900		110,260
CACI International, Inc., Class A*^	29,820		1,088,131
CIBER, Inc.*^	36,136		98,651
Computer Task Group, Inc.*	3,970		13,697
Convergys Corp.*	52,596		424,976
CSG Systems International, Inc.*^	10,020		143,086
DST Systems, Inc.*	2,000		69,240
Euronet Worldwide, Inc.*^	11,100		144,966
Genpact Ltd.*	1,200		10,632
Gevity HR, Inc.	6,500		25,675
Global Cash Access Holdings, Inc.*^	3,000		11,460
Heartland Payment Systems, Inc.	1,200		7,932
infoGROUP, Inc.*	19,860		82,618
MAXIMUS, Inc.	9,758		388,954
Ness Technologies, Inc.*	9,500		28,025
Perot Systems Corp., Class A*	20,600		265,328
Safeguard Scientifics, Inc.*^	20,300		11,165
SAIC, Inc.*	41,200		769,204
SRA International, Inc., Class A*	4,700		69,090
TechTeam Global, Inc.*	2,913		14,215
TNS, Inc.*	900		7,362
Unisys Corp.*^	34,400		18,232
VeriFone Holdings, Inc.*	7,600		51,680
Virtusa Corp.*	900		5,580
Wright Express Corp.*	1,560		28,423
			3,888,582
Office Electronics (0.0%)
Zebra Technologies Corp., Class A*^	1,000		19,020
Semiconductors & Semiconductor Equipment (1.5%)
Actel Corp.*^	7,558		76,487
Advanced Energy Industries, Inc.*	6,300		47,439
Advanced Micro Devices, Inc.*^	142,200		433,710
Amkor Technology, Inc.*^	24,400		65,392
Applied Micro Circuits Corp.*	10,700		52,002
Asyst Technologies, Inc.*^	16,100		4,508
Atmel Corp.*	38,100		138,303
Axcelis Technologies, Inc.*	1,415,248		537,794
Brooks Automation, Inc.*	15,300		70,533
CEVA, Inc.*	1,900		13,832
Cirrus Logic, Inc.*	10,660		40,082
Cohu, Inc.	5,100		36,720
Cree, Inc.*^	12,600		296,478
Cymer, Inc.*	5,600		124,656
DSP Group, Inc.*	6,100		26,352
Entegris, Inc.*	27,000		23,220
Entropic Communications, Inc.*	400		296
Exar Corp.*^	8,600		53,664
Fairchild Semiconductor International, Inc.*	29,200		108,916
FEI Co.*	8,600		132,698
FormFactor, Inc.*	5,000		90,100
Integrated Device Technology, Inc.*	23,100		105,105
International Rectifier Corp.*	13,400		181,034
Intersil Corp., Class A^	19,400		223,100
IXYS Corp.	3,200		25,792
Kopin Corp.*	17,200		39,904
Lattice Semiconductor Corp.*	13,300		18,354
LSI Corp.*	37,800		114,912
LTX-Credence Corp.*^	43,800		12,264
Mattson Technology, Inc.*^	18,200		15,306
MIPS Technologies, Inc.*	9,800		28,714
MKS Instruments, Inc.*	11,100		162,837
Novellus Systems, Inc.*^	17,200		286,036
OmniVision Technologies, Inc.*	10,800		72,576
Photronics, Inc.*^	15,400		14,784
PLX Technology, Inc.*	500		1,085
PMC-Sierra, Inc.*	21,200		135,256
RF Micro Devices, Inc.*	62,900		83,657
Rudolph Technologies, Inc.*	6,400		19,392
Semitool, Inc.*	1,400		3,892
Semtech Corp.*	600		8,010
Sigma Designs, Inc.*^	1,000		12,440
Silicon Storage Technology, Inc.*^	22,100		36,465
SiRF Technology Holdings, Inc.*	17,100		39,330
Skyworks Solutions, Inc.*	32,400		261,144
Spansion, Inc., Class A*^	42,500		5,512
Standard Microsystems Corp.*^	5,789		107,675
Teradyne, Inc.*	75,920		332,530
Trident Microsystems, Inc.*^	7,300		10,658
TriQuint Semiconductor, Inc.*	33,300		82,251
Ultra Clean Holdings, Inc.*^	7,200		7,704
Varian Semiconductor Equipment Associates, Inc.*^	58,790		1,273,392
Veeco Instruments, Inc.*	1,800		12,006
Zoran Corp.*	12,100		106,480
			6,212,779
Software (1.1%)
American Software, Inc., Class A	2,800		14,756
Ariba, Inc.*	3,300		28,809
Blackbaud, Inc.	1,200		13,932
Bottomline Technologies, Inc.*	4,800		31,584
Cadence Design Systems, Inc.*	61,500		258,300
Compuware Corp.*	24,000		158,160
Deltek, Inc.*	400		1,732
Digimarc Corp.*^	100		972
Epicor Software Corp.*	15,100		57,531
EPIQ Systems, Inc.*^	3,000		54,090
Fair Isaac Corp.	11,500		161,805
i2 Technologies, Inc.*^	4,400		34,760
Jack Henry & Associates, Inc.	1,400		22,848
JDA Software Group, Inc.*	12,096		139,709
Kenexa Corp.*	1,800		9,702
Macrovision Solutions Corp.*	18,200		323,778
McAfee, Inc.*^	32,560		1,090,761
Mentor Graphics Corp.*	19,700		87,468
Monotype Imaging Holdings, Inc.*	1,600		5,984
MSC.Software Corp.*	10,600		59,784
NetScout Systems, Inc.*	1,700		12,172
Novell, Inc.*	46,000		195,960
OpenTV Corp., Class A*^	21,800		32,918
Opnet Technologies, Inc.*	500		4,335
Parametric Technology Corp.*	1,100		10,978
Progress Software Corp.*	800		13,888
Quest Software, Inc.*	16,300		206,684
Smith Micro Software, Inc.*^	1,900		9,937
Sonic Solutions, Inc.*	3,200		3,840
Sourcefire, Inc.*	1,400		10,192
SPSS, Inc.*^	3,129		88,957
Sybase, Inc.*^	2,900		87,841
Symyx Technologies, Inc.*	3,100		13,795
Synopsys, Inc.*	37,069		768,440
THQ, Inc.*	4,300		13,072

144

AXA PREMIER VIP TRUST

MULTIMANAGER MID CAP VALUE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Number of Shares	Value (Note 1)
TIBCO Software, Inc.*	41,600	$	244,192
			4,273,666
Total Information Technology			34,612,776
Materials (13.2%)
Chemicals (2.2%)
A. Schulman, Inc.	6,300		85,365
Agrium, Inc.	16,120		576,935
American Vanguard Corp.	400		5,160
Arch Chemicals, Inc.	3,900		73,944
Ashland, Inc.^	15,900		164,247
Cabot Corp.^	15,200		159,752
Celanese Corp., Class A	52,720		704,866
Cytec Industries, Inc.	11,300		169,726
Eastman Chemical Co.^	18,700		501,160
Ferro Corp.^	2,000		2,860
FMC Corp.	37,140		1,602,219
GenTek, Inc.*	700		12,243
H.B. Fuller Co.	11,400		148,200
Huntsman Corp.	35,400		110,802
ICO, Inc.*^	6,300		12,978
Innophos Holdings, Inc.	4,256		48,008
Innospec, Inc.	3,300		12,441
Intrepid Potash, Inc.*^	3,600		66,420
JSR Corp.	14,180		167,192
Koppers Holdings, Inc.	4,700		68,244
LSB Industries, Inc.*	1,100		10,879
Lubrizol Corp.	16,700		567,967
Minerals Technologies, Inc.	2,600		83,330
Mosaic Co.	16,630		698,127
Nalco Holding Co.	2,900		37,903
NewMarket Corp.	1,020		45,186
NL Industries, Inc.^	1,000		10,000
Olin Corp.	17,800		254,006
OM Group, Inc.*	13,121		253,498
Penford Corp.^	2,000		7,260
PolyOne Corp.*	21,800		50,358
Quaker Chemical Corp.	600		4,764
Rockwood Holdings, Inc.*	9,600		76,224
RPM International, Inc.^	31,700		403,541
Scotts Miracle-Gro Co., Class A^	2,400		83,280
Sensient Technologies Corp.^	11,500		270,250
Solutia, Inc.*	8,100		15,147
Spartech Corp.^	6,700		16,482
Stepan Co.	1,000		27,300
Terra Industries, Inc.	19,540		548,879
Valhi, Inc.^	1,300		12,194
Valspar Corp.^	24,500		489,265
W.R. Grace & Co.*^	4,100		25,912
Westlake Chemical Corp.^	4,600		67,298
			8,751,812
Construction Materials (0.0%)
Eagle Materials, Inc.^	1,300		31,525
Headwaters, Inc.*^	9,000		28,260
Martin Marietta Materials, Inc.	800		63,440
U.S. Concrete, Inc.*^	7,700		15,400
United States Lime & Minerals, Inc.*^	300		8,208
			146,833
Containers & Packaging (1.5%)
AptarGroup, Inc.	13,300		414,162
Ball Corp.	20,300		881,020
Bemis Co., Inc.	24,400		511,668
Boise, Inc.*	13,100		7,991
Bway Holding Co.*	1,000		7,890
Greif, Inc., Class A	18,520		616,531
Myers Industries, Inc.	2,200		13,508
Owens-Illinois, Inc.*	30,720		443,597
Packaging Corp. of America	19,000		247,380
Pactiv Corp.*	62,480		911,583
Rock-Tenn Co., Class A	17,680		478,244
Sealed Air Corp.	39,200		540,960
Silgan Holdings, Inc.	3,100		162,874
Sonoco Products Co.	24,400		511,912
Temple-Inland, Inc.^	26,100		140,157
			5,889,477
Metals & Mining (9.1%)
A.M. Castle & Co.^	3,600		32,112
Alcoa, Inc.	321,400		2,359,076
Allied Nevada Gold Corp.*^	2,000		11,700
AMCOL International Corp.^	3,900		57,876
Banro Corp.*	1,713,060		2,775,157
Brush Engineered Materials, Inc.*^	4,900		67,963
Carpenter Technology Corp.	9,800		138,376
Century Aluminum Co.*	4,900		10,339
China Precision Steel, Inc.*	6,400		7,488
Cliffs Natural Resources, Inc.	32,920		597,827
Coeur d’Alene Mines Corp.*	148,800		139,872
Commercial Metals Co.^	27,300		315,315
Compass Minerals International, Inc.	3,800		214,206
Freeport-McMoRan Copper & Gold, Inc.	55,677		2,121,850
Friedman Industries, Inc.	1,900		9,405
General Moly, Inc.*	4,300		4,558
Geovic Mining Corp.*	572,242		263,231
Gold Fields Ltd. (ADR)	459,161		5,206,886
Haynes International, Inc.*	2,500		44,550
Hecla Mining Co.*	52,900		105,800
Horsehead Holding Corp.*	8,100		44,550
IAMGOLD Corp.	300,305		2,567,608
Ivanhoe Mines Ltd.*	271,866		1,671,976
Kaiser Aluminum Corp.^	3,800		87,856
Kinross Gold Corp.	405,990		7,255,042
Lihir Gold Ltd. (ADR)*	297,730		6,761,448
Novagold Resources, Inc.*	384,120		1,060,171
Olympic Steel, Inc.	800		12,136
Orezone Gold Corp.*	657,664		180,339
Reliance Steel & Aluminum Co.^	15,400		405,482
Royal Gold, Inc.	7,000		327,320
RTI International Metals, Inc.*	5,500		64,350
Schnitzer Steel Industries, Inc., Class A^	4,400		138,116
Silver Standard Resources, Inc.*	59,050		951,886
Steel Dynamics, Inc.^	29,300		258,133
Stillwater Mining Co.*	7,100		26,270
Sutor Technology Group Ltd.*^	1,300		1,820
Titanium Metals Corp.	16,300		89,161
Universal Stainless & Alloy Products, Inc.*^	1,300		12,571
Worthington Industries, Inc.	12,900		112,359
			36,512,181
Paper & Forest Products (0.4%)
AbitibiBowater, Inc.*	19,600		10,780
Buckeye Technologies, Inc.*	9,900		21,087
Clearwater Paper Corp.*	1,400		11,242
Domtar Corp.*	1,402,650		1,332,517
Glatfelter	12,482		77,888
KapStone Paper and Packaging Corp.*	3,100		7,626
Louisiana-Pacific Corp.	24,300		54,189
Mercer International, Inc.*^	11,000		7,260
Neenah Paper, Inc.^	2,900		10,527

145

AXA PREMIER VIP TRUST

MULTIMANAGER MID CAP VALUE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Number of Shares	Value (Note 1)
Schweitzer-Mauduit International, Inc.	8,980	$	165,771
Verso Paper Corp.	5,200		3,328
Wausau Paper Corp.	11,100		58,386
			1,760,601
Total Materials			53,060,904
Telecommunication Services (2.6%)
Diversified Telecommunication Services (1.8%)
Alaska Communications Systems Group, Inc.	5,900		39,530
Atlantic Tele-Network, Inc.	2,200		42,196
CenturyTel, Inc.^	45,300		1,273,836
Cincinnati Bell, Inc.*^	54,100		124,430
Consolidated Communications Holdings, Inc.	3,200		32,832
D&E Communications, Inc.	4,033		21,657
FairPoint Communications, Inc.	32,700		25,506
Frontier Communications Corp.	61,800		443,724
General Communication, Inc., Class A*	11,600		77,488
Global Crossing Ltd.*	4,900		34,300
Globalstar, Inc.*	16,500		5,775
HickoryTech Corp.	3,425		18,427
iBasis, Inc.*^	10,900		7,303
IDT Corp., Class B*	6,633		7,694
Iowa Telecommunications Services, Inc.^	7,300		83,658
PAETEC Holding Corp.*^	11,300		16,272
Premiere Global Services, Inc.*	5,000		44,100
Shenandoah Telecommunications Co.	400		9,120
TELUS Corp. (Non-Voting), Class A	179,100		4,721,076
tw telecom, Inc.*^	3,900		34,125
Vonage Holdings Corp.*	3,000		1,200
			7,064,249
Wireless Telecommunication Services (0.8%)
Centennial Communications Corp.*	2,400		19,824
Clearwire Corp., Class A*^	2,700		13,905
FiberTower Corp.*	44,300		8,860
ICO Global Communications Holdings Ltd.*	25,800		9,030
iPCS, Inc.*^	3,300		32,043
Leap Wireless International, Inc.*^	11,800		411,466
Syniverse Holdings, Inc.*	6,500		102,440
Telephone & Data Systems, Inc.	14,700		389,697
TerreStar Corp.*^	15,000		8,400
Tim Participacoes S.A. (Preference) (ADR)	122,800		1,525,176
USA Mobility, Inc.	10,400		95,784
Vivo Participacoes S.A. (ADR)	51,200		668,160
			3,284,785
Total Telecommunication Services			10,349,034
Utilities (8.2%)
Electric Utilities (2.9%)
Allete, Inc.	6,600		176,154
Centrais Eletricas Brasileiras S.A. (Preference) (ADR), Class B	163,890		1,748,706
Central Vermont Public Service Corp.	3,100		53,630
Cleco Corp.	14,400		312,336
DPL, Inc.	25,600		577,024
El Paso Electric Co.*	10,872		153,186
Empire District Electric Co.	7,900		114,076
Great Plains Energy, Inc.^	29,200		393,324
Hawaiian Electric Industries, Inc.	22,200		305,028
IDACORP, Inc.	10,800		252,288
MGE Energy, Inc.	5,200		163,124
Northeast Utilities	92,960		2,007,007
NV Energy, Inc.	181,920		1,708,229
Pepco Holdings, Inc.	89,620		1,118,458
Pinnacle West Capital Corp.	46,311		1,230,020
Portland General Electric Co.	18,300		321,897
UIL Holdings Corp.	8,622		192,443
UniSource Energy Corp.	8,200		231,158
Westar Energy, Inc.^	25,700		450,521
			11,508,609
Gas Utilities (1.7%)
AGL Resources, Inc.^	18,800		498,764
Atmos Energy Corp.	22,100		510,952
Chesapeake Utilities Corp.	1,700		51,816
Energen Corp.	14,200		413,646
Energy West, Inc.	1,145		9,366
Laclede Group, Inc.	5,200		202,696
National Fuel Gas Co.	19,800		607,266
New Jersey Resources Corp.	10,300		349,994
Nicor, Inc.	11,100		368,853
Northwest Natural Gas Co.	6,300		273,546
ONEOK, Inc.	25,500		577,065
Piedmont Natural Gas Co., Inc.^	18,000		466,020
South Jersey Industries, Inc.	7,100		248,500
Southwest Gas Corp.	22,734		479,005
UGI Corp.	66,020		1,558,733
WGL Holdings, Inc.^	12,100		396,880
			7,013,102
Independent Power Producers & Energy Traders (0.0%)
Synthesis Energy Systems, Inc.*	3,900		2,574
Multi-Utilities (3.2%)
Alliant Energy Corp.	27,000		666,630
Ameren Corp.	91,200		2,114,928
Avista Corp.	13,100		180,518
Black Hills Corp.^	9,100		162,799
CenterPoint Energy, Inc.	31,100		324,373
CH Energy Group, Inc.	3,700		173,530
CMS Energy Corp.^	69,783		826,231
Integrys Energy Group, Inc.^	18,700		486,948
MDU Resources Group, Inc.	58,910		950,807
NorthWestern Corp.	11,342		243,626
NSTAR^	26,100		832,068
OGE Energy Corp.	22,600		538,332
PNM Resources, Inc.	157,600		1,301,776
SCANA Corp.	28,500		880,365
TECO Energy, Inc.^	84,360		940,614
Vectren Corp.	19,900		419,691
Wisconsin Energy Corp.^	53,960		2,221,533
			13,264,769
Water Utilities (0.4%)
American States Water Co.^	4,100		148,912
American Water Works Co., Inc.	15,100		290,524
Aqua America, Inc.^	32,600		652,000
California Water Service Group	4,700		196,742
Connecticut Water Service, Inc.	2,000		40,560
Middlesex Water Co.	3,200		46,080
SJW Corp.^	3,000		76,290
Southwest Water Co.^	6,800		29,240
			1,480,348
Total Utilities			33,269,402
Total Common Stocks (93.6%) (Cost $421,900,806)			377,554,935

146

AXA PREMIER VIP TRUST

MULTIMANAGER MID CAP VALUE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Number of Shares		Value (Note 1)
CONVERTIBLE PREFERRED STOCK:
Industrials (0.4%)
Road & Rail (0.4%)
Kansas City Southern
5.125%		2,823	$	1,607,549
Total Convertible Preferred Stocks (0.4%) (Cost $2,034,114)				1,607,549
INVESTMENT COMPANY:
Exchange Traded Fund (ETF) (0.0%)
Kayne Anderson Energy Development Co. (Cost $30,497)		2,500		23,350
	Principal Amount		Value (Note 1)
LONG-TERM DEBT SECURITIES:
Convertible Bonds (5.6%)
Consumer Discretionary (0.5%)
Media (0.5%)
Interpublic Group of Cos., Inc.
4.250%, 3/15/23	$	2,772,000		2,023,560
Total Consumer Discretionary				2,023,560
Energy (1.0%)
Oil, Gas & Consumable Fuels (1.0%)
Delta Petroleum Corp.
3.750%, 5/1/37		4,773,000		1,181,318
USEC, Inc.
3.000%, 10/1/14		5,088,000		2,804,760
Total Energy				3,986,078
Health Care (0.5%)
Health Care Providers & Services (0.5%)
Omnicare, Inc.
3.250%, 12/15/35		3,303,000		2,163,465
Total Health Care				2,163,465
Industrials (2.4%)
Airlines (0.4%)
JetBlue Airways Corp.
3.750%, 3/15/35		1,675,000		1,457,250
Building Products (0.4%)
Griffon Corp.
4.000%, 7/18/23		1,581,000		1,468,354
Machinery (1.6%)
Albany International Corp.
2.250%, 3/15/26(e)		7,665,000		4,254,074
Trinity Industries, Inc.
3.875%, 6/1/36		5,369,000		2,301,959
				6,556,033
Total Industrials				9,481,637
Information Technology (0.0%)
Semiconductors & Semiconductor Equipment (0.0%)
Qimonda Finance LLC
6.750%, 3/22/13(b)		4,500,000		112,500
Total Information Technology				112,500
Materials (0.6%)
Metals & Mining (0.6%)
Coeur d’Alene Mines Corp.
1.250%, 1/15/24		4,269,000		2,598,754
Total Materials				2,598,754
Telecommunication Services (0.6%)
Wireless Telecommunication Services (0.6%)
NII Holdings, Inc.
3.125%, 6/15/12		3,403,000		2,365,085
Total Telecommunication Services				2,365,085
Total Convertible Bonds				22,731,079
Total Long-Term Debt Securities (5.6%) (Cost $20,983,737)				22,731,079
	Number of Rights		Value (Note 1)
RIGHTS:
Financials (0.0%)
Insurance (0.0%)
United America Indemnity Ltd., expiring 4/6/09* (Cost $—)		6,800		838
	Principal Amount		Value (Note 1)
SHORT-TERM INVESTMENTS:
Government Securities (0.1%)
U.S. Treasury Bills
0.18%, 6/11/09 #(p)	$	396,000		395,858
Short-Term Investments of Cash Collateral for Securities Loaned (16.9%)
Banco de Sabadell S.A.
1.17%, 4/23/09 (l)		3,470,000		3,470,000
BBVA Senior Finance S.A.
1.38%, 3/12/10 (l)		2,540,000		2,494,786
Deutsche Bank Securities, Inc., Repurchase Agreement
0.25%, 4/1/09 (r)(u)		35,645,125		35,645,125
General Electric Capital Corp.
0.40%, 3/12/10 (l)		460,000		434,810
K2 (USA) LLC
0.37%, 5/29/09 (l)		4,619,683		4,619,683
0.37%, 6/18/09 (l)		5,779,572		5,760,262
Lehman Brothers Holdings, Inc.
0.00%, 8/21/09 (h)(s)		2,889,981		346,798
Links Finance LLC
0.37%, 6/25/09 (l)		1,729,891		1,722,423
Monumental Global Funding II
0.43%, 5/26/10 (l)		5,430,000		4,615,499
Morgan Stanley
0.46%, 5/7/09 (l)		5,780,000		5,780,000
Pricoa Global Funding I
0.40%, 6/25/10 (l)		3,469,566		3,131,675
Total Short-Term Investments of Cash Collateral for Securities Loaned				68,021,061
Time Deposit (1.8%)
JPMorgan Chase Nassau
0.004%, 4/1/09		7,341,128		7,341,128
Total Short-Term Investments (18.8%) (Cost/Amortized Cost $79,550,750)				75,758,047

147

AXA PREMIER VIP TRUST

MULTIMANAGER MID CAP VALUE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Principal Amount	Value (Note 1)
Total Investments (118.4%) (Cost/Amortized Cost $524,499,904)		$	477,675,798
Other Assets Less Liabilities (-18.4%)			(74,385,104	)
Net Assets (100%)		$	403,290,694

*	Non-income producing.
^	All, or a portion of security out on loan (See Note 1).
†	Securities (totaling $1,146,622 or 0.3% of net assets) at fair value.
§	Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may only be resold to qualified institutional buyers. At March 31, 2009, the market value of these securities amounted to $1,146,567 or 0.3% of net assets. Securities denoted with “§” but without “b” have been determined to be liquid under the guidelines established by the Board of Trustees. To the extent any securities might provide a right to demand registration, such rights have not been relied upon when determining liquidity.
#	All, or a portion of security held by broker as collateral for financial futures contracts.
(b)	Illiquid Security.
(e)	Step Bond - Coupon rate increases in increments to maturity. Rate disclosed is as of March 31, 2009. Maturity date disclosed is the ultimate maturity date.
(h)	Security in default.
(l)	Floating Rate Security. Rate disclosed is as of March 31, 2009.
(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.
(s)	Issuer in bankruptcy.
(u)	Represents the Portfolio’s undivided interest in a joint repurchase agreement. The repurchase agreement was fully collateralized by U.S. government agency securities at the date of this Portfolio of Investments as follows: Federal Home Loan Mortgage Corp., 0.000% – 7.500%, maturing 1/15/15 – 6/15/38; Federal National Mortgage Association, 5.000% – 7.000%, maturing 10/1/36 – 12/1/38.
	Glossary:
	ADR — American Depositary Receipt

At March 31, 2009 the Portfolio had the following futures contracts open: (Note 1)

Purchases	Number of Contracts	Expiration Date	Original Value		Value at 3/31/2009		Unrealized Appreciation
Russell 2000 Mini Index	23	June-09	$	833,609	$	968,990	$	135,381
S&P MidCap 400 E-Mini Index	36	June-09		1,556,012		1,756,440		200,428
							$	335,809

148

AXA PREMIER VIP TRUST

MULTIMANAGER MID CAP VALUE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

Various inputs are used in determining the value of the Portfolio’s investments. These inputs are summarized in the three broad levels listed below:

• Level 1 - Quoted prices in active markets for identical securities

• Level 2 - Significant other observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)

• Level 3 - Significant unobservable inputs (including the Portfolio’s own assumptions in determining the fair value of investments)

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, money market securities are valued using amortized cost, in accordance with rules under the Investment Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active market, such securities are reflected as Level 2.

The following is a summary of the inputs used to value the Portfolio’s net assets as of March 31, 2009:

Description	Quoted Prices in Active Markets for Identical Securities (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Assets
Investments in Securities	$	374,265,847	$	102,263,329	$	1,146,622	$	477,675,798
Other Investments*		335,809		—		—		335,809
Total	$	374,601,656	$	102,263,329	$	1,146,622	$	478,011,607
Liabilities
Investments in Securities	$	—	$	—	$	—	$	—
Other Investments*		—		—		—		—
Total	$	—	$	—	$	—	$	—

Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:

	Investments in Securities			Other Investments*
Balance as of 12/31/08	$	5,067,405		$	—
Total gains or losses (realized/unrealized) included in earnings		(417,145	)		—
Purchases, sales, issuances, and settlements (net)		—			—
Transfers in and/or out of Level 3		(3,503,638	)		—
Balance as of 3/31/09	$	1,146,622		$	—
The amount of total gains or losses for the year included in earnings attributable to the change in unrealized gains or losses relating to assets and liabilities still held at period ending 3/31/09.	$	(417,145	)	$	—

* Other investments are derivative instruments, such as futures, forwards and written options, which are valued at the unrealized appreciation/depreciation on the instrument.

Investment security transactions for the three months ended March 31, 2009 were as follows:

Cost of Purchases:
Stocks and long-term corporate debt securities	$	286,287,328
Net Proceeds of Sales and Redemptions:
Stocks and long-term corporate debt securities	$	450,537,397

149

AXA PREMIER VIP TRUST

MULTIMANAGER MID CAP VALUE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

As of March 31, 2009, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investments for Federal income tax purposes was as follows:

Aggregate gross unrealized appreciation	$	28,000,821
Aggregate gross unrealized depreciation		(85,066,077	)
Net unrealized depreciation	$	(57,065,256	)
Federal income tax cost of investments	$	534,741,054

At March 31, 2009, the Portfolio had loaned securities with a total value of $71,156,312. This was secured by collateral of $71,813,818, which was received as cash and subsequently invested in short-term investments currently valued at $68,021,061, as reported in the portfolio of investments.

For the three months ended March 31, 2009, the Portfolio incurred approximately $377 as brokerage commissions with Sanford C. Bernstein & Co., Inc., and $15 as brokerage commissions with Williams Capital Group, affiliated broker/dealers.

The Portfolio has a net capital loss carryforward of $87,489,302, which expires in the year 2016.

See Notes to Portfolio of Investments.

150

AXA PREMIER VIP TRUST

MULTIMANAGER SMALL CAP GROWTH PORTFOLIO

PORTFOLIO OF INVESTMENTS

March 31, 2009 (Unaudited)

	Number of Shares	Value (Note 1)
COMMON STOCKS:
Consumer Discretionary (14.7%)
Auto Components (0.1%)
Amerigon, Inc.*^	10,500	$	38,850
Drew Industries, Inc.*	1,400		12,152
Exide Technologies*^	39,600		118,800
Fuel Systems Solutions, Inc.*^	6,300		84,924
Hayes Lemmerz International, Inc.*	9,500		1,758
Quantum Fuel Systems Technologies Worldwide, Inc.*	50,100		40,080
Raser Technologies, Inc.*^	16,600		69,554
Spartan Motors, Inc.	2,000		8,040
Wonder Auto Technology, Inc.*^	7,900		28,282
			402,440
Automobiles (0.0%)
Winnebago Industries, Inc.	15,600		82,836
Distributors (0.1%)
Aristotle Corp.*	1,000		3,460
LKQ Corp.*	25,665		366,240
			369,700
Diversified Consumer Services (1.5%)
American Public Education, Inc.*	25,557		1,074,927
Capella Education Co.*	11,875		629,375
Coinstar, Inc.*^	14,400		471,744
Corinthian Colleges, Inc.*^	53,870		1,047,772
Grand Canyon Education, Inc.*^	20,329		350,879
K12, Inc.*^	21,507		298,947
Learning Tree International, Inc.*	4,600		38,962
Lincoln Educational Services Corp.*^	1,000		18,320
Matthews International Corp., Class A^	15,200		437,912
New Oriental Education & Technology Group, Inc. (ADR)*^	1,988		99,897
Pre-Paid Legal Services, Inc.*	4,200		121,926
Princeton Review, Inc.*	6,200		26,970
Sotheby’s, Inc.	34,500		310,500
Steiner Leisure Ltd.*	5,100		124,491
Universal Technical Institute, Inc.*^	4,200		50,400
Weight Watchers International, Inc.	11,100		205,905
			5,308,927
Hotels, Restaurants & Leisure (5.2%)
AFC Enterprises, Inc.*	6,300		28,413
Ambassadors Group, Inc.	10,200		82,824
Bally Technologies, Inc.*	194,629		3,585,065
BJ’s Restaurants, Inc.*^	220,924		3,073,053
Buffalo Wild Wings, Inc.*^	9,100		332,878
Burger King Holdings, Inc.	13,410		307,760
California Pizza Kitchen, Inc.*	8,200		107,256
CEC Entertainment, Inc.*	9,000		232,920
Cheesecake Factory, Inc.*	30,700		351,515
CKE Restaurants, Inc.	52,200		438,480
Cracker Barrel Old Country Store, Inc.^	7,700		220,528
Denny’s Corp.*	50,800		84,836
DineEquity, Inc.^	9,400		111,484
Dover Downs Gaming & Entertainment, Inc.^	7,800		23,946
Dover Motorsports, Inc.^	6,400		11,840
Einstein Noah Restaurant Group, Inc.*	1,800		10,494
Great Wolf Resorts, Inc.*^	112,362		261,803
Jack in the Box, Inc.*^	18,800		437,852
Krispy Kreme Doughnuts, Inc.*	29,100		46,560
Life Time Fitness, Inc.*^	18,500		232,360
Monarch Casino & Resort, Inc.*	1,800		9,288
Morgans Hotel Group Co.*	10,400		32,344
P.F. Chang’s China Bistro, Inc.*^	11,500		263,120
Panera Bread Co., Class A*	2,475		138,353
Papa John’s International, Inc.*	9,000		205,830
Peet’s Coffee & Tea, Inc.*	6,700		144,854
Penn National Gaming, Inc.*	54,345		1,312,432
Pinnacle Entertainment, Inc.*	27,533		193,832
Red Robin Gourmet Burgers, Inc.*^	7,000		123,410
Rick’s Cabaret International, Inc.*	2,600		11,804
Riviera Holdings Corp.*	6,400		6,528
Ruth’s Hospitality Group, Inc.*^	8,900		10,769
Scientific Games Corp., Class A*	7,500		90,825
Shuffle Master, Inc.*	361,808		1,038,389
Sonic Corp.*	25,800		258,516
Texas Roadhouse, Inc., Class A*^	36,650		349,275
Town Sports International Holdings, Inc.*^	7,700		23,023
Vail Resorts, Inc.*^	14,300		292,149
Wendy’s/Arby’s Group, Inc., Class A^	200,200		1,007,006
WMS Industries, Inc.*^	127,674		2,669,663
			18,163,277
Household Durables (1.5%)
Cavco Industries, Inc.*	2,800		66,080
Champion Enterprises, Inc.*	30,000		14,400
Hooker Furniture Corp.	400		3,376
iRobot Corp.*	9,600		72,960
Libbey, Inc.^	9,900		9,108
National Presto Industries, Inc.	300		18,303
Tempur-Pedic International, Inc.	23,400		170,820
Tupperware Brands Corp.	31,900		541,981
Universal Electronics, Inc.*	235,162		4,256,432
			5,153,460
Internet & Catalog Retail (1.8%)
1-800-FLOWERS.COM, Inc., Class A*	14,000		28,980
Bidz.com, Inc.*	2,100		8,442
Blue Nile, Inc.*^	7,100		214,065
Drugstore.Com, Inc.*	43,400		50,778
Gaiam, Inc., Class A*	10,800		35,424
Netflix, Inc.*^	99,521		4,271,440
NutriSystem, Inc.^	15,600		222,612
Orbitz Worldwide, Inc.*^	72,603		93,658
Overstock.com, Inc.*^	8,200		75,030
PetMed Express, Inc.*	12,600		207,648
priceline.com, Inc.*^	3,520		277,306
Shutterfly, Inc.*^	68,323		640,187
Stamps.com, Inc.*	7,000		67,900
			6,193,470
Leisure Equipment & Products (0.3%)
Leapfrog Enterprises, Inc.*	18,700		25,806
Marine Products Corp.	2,700		11,448
Polaris Industries, Inc.^	26,475		567,624
Pool Corp.^	19,800		265,320
Smith & Wesson Holding Corp.*	20,300		122,206
			992,404
Media (0.9%)
Arbitron, Inc.	14,500		217,645
Charter Communications, Inc., Class A*	139,500		2,902
Cinemark Holdings, Inc.	39,710		372,877
CKX, Inc.*	15,700		64,370
Crown Media Holdings, Inc., Class A*	3,700		7,548

151

AXA PREMIER VIP TRUST

MULTIMANAGER SMALL CAP GROWTH PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Number of Shares	Value (Note 1)
Dolan Media Co.*^	13,300	$	104,671
Entravision Communications Corp., Class A*^	22,200		5,772
Global Sources Ltd.*	8,850		34,427
Global Traffic Network, Inc.*	6,700		20,301
Harte-Hanks, Inc.^	1,800		9,630
Interactive Data Corp.	8,900		221,254
Live Nation, Inc.*	96,212		256,886
LodgeNet Interactive Corp.*^	23,498		37,362
Martha Stewart Living Omnimedia, Inc., Class A*	14,200		35,358
Marvel Entertainment, Inc.*	25,200		669,060
National CineMedia, Inc.	76,690		1,010,773
Playboy Enterprises, Inc., Class B*	4,500		8,865
RCN Corp.*	10,400		38,480
RHI Entertainment, Inc.*	1,700		2,584
Sinclair Broadcast Group, Inc., Class A^	13,500		13,905
Valassis Communications, Inc.*	11,300		17,741
Value Line, Inc.	700		19,138
World Wrestling Entertainment, Inc., Class A^	10,700		123,478
			3,295,027
Multiline Retail (0.0%)
99 Cents Only Stores*^	14,100		130,284
Retail Ventures, Inc.*	1,200		1,824
			132,108
Specialty Retail (2.4%)
Aeropostale, Inc.*^	34,800		924,288
bebe stores, Inc.	4,800		32,016
Borders Group, Inc.*	25,100		15,813
Buckle, Inc.^	13,820		441,273
Cache, Inc.*	5,300		15,264
Cato Corp., Class A	2,700		49,356
Charlotte Russe Holding, Inc.*	1,200		9,780
Chico’s FAS, Inc.*^	28,000		150,360
Christopher & Banks Corp.	13,600		55,624
Citi Trends, Inc.*	7,500		171,675
Coldwater Creek, Inc.*	28,000		70,280
Dick’s Sporting Goods, Inc.*	2,600		37,102
DSW, Inc., Class A*^	4,400		40,876
Finish Line, Inc., Class A	6,900		45,678
Genesco, Inc.*	208,582		3,927,598
Gymboree Corp.*^	10,400		222,040
Haverty Furniture Cos., Inc.	2,600		27,378
hhgregg, Inc.*^	24,591		347,963
Hibbett Sports, Inc.*^	14,500		278,690
J. Crew Group, Inc.*^	21,700		286,006
JoS. A. Bank Clothiers, Inc.*	2,100		58,401
Lumber Liquidators, Inc.*	4,900		62,475
Men’s Wearhouse, Inc.	3,000		45,420
Midas, Inc.*	6,800		53,856
Monro Muffler, Inc.	600		16,398
New York & Co., Inc.*	2,900		10,295
Pier 1 Imports, Inc.*	11,700		6,552
Sally Beauty Holdings, Inc.*	44,900		255,032
Systemax, Inc.*	2,600		33,592
Tractor Supply Co.*	14,785		533,147
Tween Brands, Inc.*	9,400		20,116
Ulta Salon Cosmetics & Fragrance, Inc.*	10,000		66,200
Wet Seal, Inc., Class A*	46,700		156,912
Zumiez, Inc.*	10,500		101,850
			8,569,306
Textiles, Apparel & Luxury Goods (0.9%)
American Apparel, Inc.*	19,300		56,356
Cherokee, Inc.	1,900		29,640
Crocs, Inc.*	43,700		52,003
Deckers Outdoor Corp.*^	6,700		355,368
FGX International Holdings Ltd.*	7,300		84,826
Fossil, Inc.*	23,300		365,810
Fuqi International, Inc.*^	4,900		23,030
G-III Apparel Group Ltd.*^	4,300		23,736
Iconix Brand Group, Inc.*	21,700		192,045
Lululemon Athletica, Inc.*^	9,600		83,136
Maidenform Brands, Inc.*	6,300		57,708
Perry Ellis International, Inc.*^	3,000		10,380
Skechers U.S.A., Inc., Class A*	1,800		12,006
True Religion Apparel, Inc.*	16,495		194,806
Under Armour, Inc., Class A*^	16,900		277,667
Volcom, Inc.*	9,100		88,270
Warnaco Group, Inc.*	26,180		628,320
Weyco Group, Inc.^	2,300		59,616
Wolverine World Wide, Inc.	25,600		398,848
			2,993,571
Total Consumer Discretionary			51,656,526
Consumer Staples (1.7%)
Beverages (0.1%)
Boston Beer Co., Inc., Class A*^	4,400		91,784
Coca-Cola Bottling Co. Consolidated	2,200		114,510
National Beverage Corp.*	600		5,502
			211,796
Food & Staples Retailing (0.2%)
Arden Group, Inc., Class A	600		70,104
Great Atlantic & Pacific Tea Co., Inc.*	7,300		38,763
Pantry, Inc.*	1,800		31,698
Pricesmart, Inc.	7,300		131,473
Ruddick Corp.	1,300		29,185
Spartan Stores, Inc.	1,300		20,033
United Natural Foods, Inc.*^	7,100		134,687
Winn-Dixie Stores, Inc.*^	16,500		157,740
			613,683
Food Products (0.7%)
AgFeed Industries, Inc.*	9,500		21,470
Alico, Inc.^	1,300		31,200
American Dairy, Inc.*	2,800		47,348
Calavo Growers, Inc.	5,500		66,110
Cal-Maine Foods, Inc.^	6,200		138,818
Darling International, Inc.*	43,100		159,901
Diamond Foods, Inc.^	8,500		237,405
Flowers Foods, Inc.^	24,000		563,520
Green Mountain Coffee Roasters, Inc.*^	9,000		432,000
Hain Celestial Group, Inc.*	2,600		37,024
HQ Sustainable Maritime Industries, Inc.*	3,700		28,305
Lancaster Colony Corp.	10,400		431,392
Lance, Inc.	2,900		60,378
Lifeway Foods, Inc.*	2,300		18,400
Ralcorp Holdings, Inc.*	3,100		167,028
Sanderson Farms, Inc.	1,600		60,080
Smart Balance, Inc.*	25,400		153,416
Synutra International, Inc.*	6,000		49,260
Tootsie Roll Industries, Inc.	4,192		91,050

152

AXA PREMIER VIP TRUST

MULTIMANAGER SMALL CAP GROWTH PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Number of Shares	Value (Note 1)
Zhongpin, Inc.*	9,200	$	81,696
			2,875,801
Household Products (0.0%)
WD-40 Co.	4,100		98,974
Personal Products (0.6%)
American Oriental Bioengineering, Inc.*	31,200		120,432
Chattem, Inc.*^	8,300		465,215
China Sky One Medical, Inc.*	4,400		50,600
Herbalife Ltd.	68,844		1,031,283
Inter Parfums, Inc.^	600		3,498
Mannatech, Inc.	2,000		6,660
Nu Skin Enterprises, Inc., Class A	17,400		182,526
Schiff Nutrition International, Inc.*	500		2,250
USANA Health Sciences, Inc.*^	3,400		76,024
			1,938,488
Tobacco (0.1%)
Alliance One International, Inc.*	32,200		123,648
Star Scientific, Inc.*^	7,500		32,100
Vector Group Ltd.	16,800		218,232
			373,980
Total Consumer Staples			6,112,722
Energy (6.2%)
Energy Equipment & Services (3.2%)
Basic Energy Services, Inc.*^	20,900		135,223
Bolt Technology Corp.*	5,000		35,550
Cal Dive International, Inc.*	2,500		16,925
CARBO Ceramics, Inc.^	10,500		298,620
Core Laboratories N.V.^	23,790		1,740,476
Dawson Geophysical Co.*^	2,400		32,400
Dril-Quip, Inc.*^	15,900		488,130
ENGlobal Corp.*	14,800		67,192
Geokinetics, Inc.*	2,100		6,867
Gulf Island Fabrication, Inc.	6,300		50,463
GulfMark Offshore, Inc.*	8,700		207,582
IHS, Inc., Class A*	8,106		333,805
ION Geophysical Corp.*^	46,200		72,072
Lufkin Industries, Inc.	94,526		3,580,646
Matrix Service Co.*	13,600		111,792
Mitcham Industries, Inc.*	4,600		17,526
NATCO Group, Inc., Class A*	10,600		200,658
Natural Gas Services Group, Inc.*^	6,800		61,200
Oceaneering International, Inc.*	51,835		1,911,156
OYO Geospace Corp.*^	108,491		1,416,892
Parker Drilling Co.*^	9,600		17,664
PHI, Inc.*	4,800		47,904
Pioneer Drilling Co.*	2,600		8,528
RPC, Inc.^	15,200		100,776
Sulphco, Inc.*^	32,200		34,454
Superior Well Services, Inc.*	6,300		32,319
T-3 Energy Services, Inc.*	6,700		78,926
Union Drilling, Inc.*	1,800		6,840
Willbros Group, Inc.*	20,600		199,820
			11,312,406
Oil, Gas & Consumable Fuels (3.0%)
Abraxas Petroleum Corp.*^	23,500		24,205
Alpha Natural Resources, Inc.*	98,107		1,741,398
American Oil & Gas, Inc.*	7,100		5,467
Apco Argentina, Inc.	1,800		19,836
Approach Resources, Inc.*	4,600		28,520
Arena Resources, Inc.*	32,680		832,686
Atlas America, Inc.	18,300		160,125
ATP Oil & Gas Corp.*^	15,600		80,028
Berry Petroleum Co., Class A^	13,700		150,152
Bill Barrett Corp.*	9,000		200,160
BMB Munai, Inc.*	2,600		1,508
BPZ Resources, Inc.*^	31,400		116,180
Brigham Exploration Co.*	40,515		76,979
Cano Petroleum, Inc.*^	37,500		16,125
Carrizo Oil & Gas, Inc.*^	13,800		122,544
Cheniere Energy, Inc.*^	19,700		83,922
Clayton Williams Energy, Inc.*	2,900		84,796
Clean Energy Fuels Corp.*	12,800		77,952
CNX Gas Corp.*	2,355		55,837
Comstock Resources, Inc.*	28,770		857,346
Concho Resources, Inc.*^	47,955		1,227,168
Contango Oil & Gas Co.*^	6,700		262,640
Crosstex Energy, Inc.	23,600		38,704
CVR Energy, Inc.*^	12,900		71,466
Delta Petroleum Corp.*^	32,000		38,400
DHT Maritime, Inc.	9,500		36,480
Double Eagle Petroleum Co.*	3,800		19,646
Endeavour International Corp.*	59,400		51,678
Energy XXI Bermuda Ltd.	5,900		2,213
Evergreen Energy, Inc.*	63,900		88,949
EXCO Resources, Inc.*	72,500		725,000
FX Energy, Inc.*	19,800		55,044
Gasco Energy, Inc.*	44,000		17,160
General Maritime Corp.	24,700		172,900
GeoGlobal Resources, Inc.*	18,600		13,392
GeoMet, Inc.*	1,900		1,102
GeoResources, Inc.*	3,000		20,160
GMX Resources, Inc.*^	3,600		23,400
Golar LNG Ltd.	15,500		53,165
Goodrich Petroleum Corp.*^	23,935		463,382
Gran Tierra Energy, Inc.*	113,500		284,885
GreenHunter Energy, Inc.*^	3,600		6,840
Gulfport Energy Corp.*^	3,500		8,120
Houston American Energy Corp.	7,000		13,020
International Coal Group, Inc.*^	66,600		107,226
James River Coal Co.*	14,000		172,760
Knightsbridge Tankers Ltd.	8,600		125,130
McMoRan Exploration Co.*	30,500		143,350
National Coal Corp.*^	11,100		15,096
Nordic American Tanker Shipping Ltd.^	5,400		158,220
Northern Oil and Gas, Inc.*	10,100		36,360
Oilsands Quest, Inc.*	16,200		11,664
Pacific Ethanol, Inc.*^	27,800		9,174
Panhandle Oil and Gas, Inc., Class A^	3,800		65,056
Parallel Petroleum Corp.*^	23,100		29,568
Penn Virginia Corp.	21,200		232,776
Petroleum Development Corp.*	7,700		90,937
PetroQuest Energy, Inc.*^	11,100		26,640
PrimeEnergy Corp.*	400		19,960
Quest Resource Corp.*	20,300		6,354
RAM Energy Resources, Inc.*	18,400		13,432
Rentech, Inc.*^	93,400		51,370
Rex Energy Corp.*^	8,300		23,821
Ship Finance International Ltd.^	22,300		146,288
Stone Energy Corp.*	2,500		8,325
Teekay Tankers Ltd., Class A	7,000		66,570
Tri-Valley Corp.*	9,400		10,716
Uranium Resources, Inc.*^	16,000		7,520
USEC, Inc.*	18,100		86,880
VAALCO Energy, Inc.*	9,000		47,610
Venoco, Inc.*	29,870		97,974
Warren Resources, Inc.*	31,700		30,432

153

AXA PREMIER VIP TRUST

MULTIMANAGER SMALL CAP GROWTH PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Number of Shares	Value (Note 1)
Westmoreland Coal Co.*^	5,000	$	35,850
Whiting Petroleum Corp.*	7,060		182,501
			10,490,240
Total Energy			21,802,646
Financials (5.6%)
Capital Markets (1.5%)
BGC Partners, Inc., Class A	9,100		20,111
Broadpoint Securities Group, Inc.*^	3,500		11,550
Cohen & Steers, Inc.^	5,900		65,844
Diamond Hill Investment Group, Inc.*	1,100		43,252
Epoch Holding Corp.	5,200		35,724
Evercore Partners, Inc., Class A^	23,299		359,970
FCStone Group, Inc.*	12,000		27,360
GAMCO Investors, Inc., Class A^	1,200		39,180
GFI Group, Inc.^	92,349		296,440
Greenhill & Co., Inc.	9,000		664,650
International Assets Holding Corp.*	2,200		22,418
Investment Technology Group, Inc.*	85,574		2,183,848
KBW, Inc.*	500		10,175
Knight Capital Group, Inc., Class A*	6,200		91,388
Ladenburg Thalmann Financial Services, Inc.*	61,800		32,754
optionsXpress Holdings, Inc.	21,600		245,592
Pzena Investment Management, Inc., Class A	4,900		9,359
Riskmetrics Group, Inc.*^	22,311		318,824
Stifel Financial Corp.*	800		34,648
Teton Advisors, Inc.(b)*†	28		55
thinkorswim Group, Inc.*	26,600		229,824
TradeStation Group, Inc.*	16,800		110,880
U.S. Global Investors, Inc., Class A	6,000		29,220
Westwood Holdings Group, Inc.^	2,400		93,816
			4,976,882
Commercial Banks (1.2%)
Cardinal Financial Corp.	8,200		47,068
Enterprise Financial Services Corp.	3,200		31,232
First Commonwealth Financial Corp.	180,270		1,598,995
First Financial Bankshares, Inc.^	2,000		96,340
Hancock Holding Co.^	1,100		34,408
Pinnacle Financial Partners, Inc.*^	2,900		68,759
PrivateBancorp, Inc.^	11,400		164,844
S&T Bancorp, Inc.^	53,975		1,144,810
Signature Bank/New York*	22,783		643,164
Smithtown Bancorp, Inc.	800		9,024
Suffolk Bancorp^	2,000		51,980
SVB Financial Group*	3,400		68,034
SY Bancorp, Inc.	800		19,440
Westamerica Bancorporation	6,800		309,808
			4,287,906
Consumer Finance (1.2%)
Advance America Cash Advance Centers, Inc.^	4,800		8,112
Cardtronics, Inc.*	10,000		17,700
Cash America International, Inc.	202,136		3,165,450
Credit Acceptance Corp.*^	2,000		42,980
Dollar Financial Corp.*^	43,015		409,503
EZCORP, Inc., Class A*	23,000		266,110
First Cash Financial Services, Inc.*	9,400		140,248
First Marblehead Corp.*	19,300		24,897
World Acceptance Corp.*^	8,300		141,930
			4,216,930
Diversified Financial Services (0.2%)
Asset Acceptance Capital Corp.*	6,800		36,108
Fifth Street Finance Corp.	1,600		12,384
Interactive Brokers Group, Inc., Class A*	20,800		335,504
Life Partners Holdings, Inc.^	3,550		60,563
MSCI, Inc., Class A*	15,195		256,947
NewStar Financial, Inc.*	5,900		13,688
Portfolio Recovery Associates, Inc.*^	5,000		134,200
Primus Guaranty Ltd.*	9,100		14,287
			863,681
Insurance (0.6%)
Amtrust Financial Services, Inc.	700		6,685
Argo Group International Holdings Ltd.*	5,700		171,741
eHealth, Inc.*	12,700		203,327
Employers Holdings, Inc.	1,200		11,448
Enstar Group, Ltd.*	1,600		90,112
First Mercury Financial Corp.*	23,040		332,698
HCC Insurance Holdings, Inc.	1,245		31,362
Navigators Group, Inc.*	5,559		262,274
Tower Group, Inc.	38,760		954,658
			2,064,305
Real Estate Investment Trusts (REITs) (0.7%)
Acadia Realty Trust (REIT)^	8,200		87,002
Alexander’s, Inc. (REIT)	700		119,266
Associated Estates Realty Corp. (REIT)^	5,400		30,672
Cousins Properties, Inc. (REIT)	13,300		85,652
DuPont Fabros Technology, Inc. (REIT)	4,000		27,520
EastGroup Properties, Inc. (REIT)	3,900		109,473
Equity Lifestyle Properties, Inc. (REIT)	6,700		255,270
Highwoods Properties, Inc. (REIT)	1,600		34,272
Home Properties, Inc. (REIT)^	6,900		211,485
Inland Real Estate Corp. (REIT)^	9,600		68,064
Mid-America Apartment Communities, Inc. (REIT)	8,100		249,723
Omega Healthcare Investors, Inc. (REIT)	5,000		70,400
Potlatch Corp. (REIT)	7,600		176,244
PS Business Parks, Inc. (REIT)	2,200		81,070
Saul Centers, Inc. (REIT)	3,000		68,910
Sun Communities, Inc. (REIT)	5,800		68,614
Tanger Factory Outlet Centers (REIT)^	16,200		499,932
Universal Health Realty Income Trust (REIT)	800		23,384
Washington Real Estate Investment Trust (REIT)	13,400		231,820
			2,498,773
Real Estate Management & Development (0.1%)
CB Richard Ellis Group, Inc., Class A*	38,360		154,591
Consolidated-Tomoka Land Co.^	2,000		59,400
Forestar Group, Inc.*	2,100		16,065
Grubb & Ellis Co.^	23,200		14,616
Tejon Ranch Co.*^	6,000		124,020
Thomas Properties Group, Inc.	3,700		4,366
			373,058
Thrifts & Mortgage Finance (0.1%)
Danvers Bancorp, Inc.^	4,400		60,764
Doral Financial Corp.*^	300		540
Oritani Financial Corp.*^	5,400		75,600
TrustCo Bank Corp. NY/New York	13,200		79,464

154

AXA PREMIER VIP TRUST

MULTIMANAGER SMALL CAP GROWTH PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Number of Shares	Value (Note 1)
ViewPoint Financial Group	5,000	$	60,150
			276,518
Total Financials			19,558,053
Health Care (25.1%)
Biotechnology (6.9%)
Acadia Pharmaceuticals, Inc.*	15,600		14,820
Acorda Therapeutics, Inc.*	19,100		378,371
Affymax, Inc.*^	5,500		88,605
Alexion Pharmaceuticals, Inc.*^	53,170		2,002,382
Alkermes, Inc.*^	49,200		596,796
Allos Therapeutics, Inc.*	28,100		173,658
Alnylam Pharmaceuticals, Inc.*	18,200		346,528
Amicus Therapeutics, Inc.*^	2,600		23,738
Arena Pharmaceuticals, Inc.*	11,100		33,411
ARIAD Pharmaceuticals, Inc.*	37,400		44,506
ArQule, Inc.*	21,700		89,838
Array BioPharma, Inc.*^	25,300		66,792
BioMarin Pharmaceutical, Inc.*^	148,176		1,829,974
Celera Corp.*	56,073		427,837
Cell Genesys, Inc.*	68,100		19,742
Celldex Therapeutics, Inc.*^	8,100		52,731
Cepheid, Inc.*^	30,300		209,070
Cougar Biotechnology, Inc.*	7,600		244,720
Cubist Pharmaceuticals, Inc.*^	122,762		2,008,386
CV Therapeutics, Inc.*	33,300		662,004
Cytokinetics, Inc.*	14,800		25,160
Cytori Therapeutics, Inc.*^	13,600		23,392
Dendreon Corp.*^	49,600		208,320
Dyax Corp.*	28,800		72,288
Emergent Biosolutions, Inc.*	7,395		99,906
Enzon Pharmaceuticals, Inc.*^	23,700		143,859
Facet Biotech Corp.*	12,500		118,750
Genomic Health, Inc.*^	7,100		173,098
Geron Corp.*^	27,400		122,478
GTx, Inc.*^	9,700		102,626
Halozyme Therapeutics, Inc.*	32,200		175,812
Human Genome Sciences, Inc.*^	12,500		10,375
Idenix Pharmaceuticals, Inc.*	12,800		39,424
Idera Pharmaceuticals, Inc.*^	10,600		68,582
Immunogen, Inc.*^	25,800		183,180
Immunomedics, Inc.*	30,500		29,280
Incyte Corp.*^	39,800		93,132
InterMune, Inc.*	17,900		294,276
Isis Pharmaceuticals, Inc.*	46,500		697,965
Lexicon Pharmaceuticals, Inc.*^	10,000		10,900
Ligand Pharmaceuticals, Inc., Class B*	54,000		160,920
MannKind Corp.*^	14,100		49,068
Marshall Edwards, Inc.*	16,400		6,560
Martek Biosciences Corp.*^	28,270		515,928
Maxygen, Inc.*	5,200		35,360
Medarex, Inc.*^	65,500		336,015
Metabolix, Inc.*	9,800		66,836
Molecular Insight Pharmaceuticals, Inc.*	9,600		34,176
Momenta Pharmaceuticals, Inc.*	13,400		147,534
Myriad Genetics, Inc.*	88,094		4,005,634
Nabi Biopharmaceuticals*	3,600		13,320
Nanosphere, Inc.*	7,400		36,778
Neurocrine Biosciences, Inc.*^	20,600		73,130
Novavax, Inc.*	31,100		31,722
NPS Pharmaceuticals, Inc.*	25,600		107,520
Onyx Pharmaceuticals, Inc.*	57,525		1,642,339
Opko Health, Inc.*	22,900		22,442
Orexigen Therapeutics, Inc.*^	11,400		29,754
OSI Pharmaceuticals, Inc.*^	29,800		1,140,148
Osiris Therapeutics, Inc.*^	7,600		104,880
PDL BioPharma, Inc.	61,300		434,004
Pharmasset, Inc.*	11,000		107,910
Progenics Pharmaceuticals, Inc.*^	13,300		87,647
Protalix BioTherapeutics, Inc.*	4,500		9,000
Regeneron Pharmaceuticals, Inc.*	31,900		442,134
Repligen Corp.*	16,000		76,640
Rexahn Pharmaceuticals, Inc.*^	11,800		8,260
Rigel Pharmaceuticals, Inc.*^	18,400		112,976
Sangamo BioSciences, Inc.*^	19,600		82,908
Savient Pharmaceuticals, Inc.*	27,500		136,125
Seattle Genetics, Inc.*^	33,500		330,310
Senomyx, Inc.*^	51,283		81,540
Synta Pharmaceuticals Corp.*^	8,300		17,762
Targacept, Inc.*	10,900		29,212
Theravance, Inc.*	26,600		452,200
United Therapeutics Corp.*^	14,955		988,376
XOMA Ltd.*	60,700		32,171
ZymoGenetics, Inc.*	20,700		82,593
			24,078,544
Health Care Equipment & Supplies (7.7%)
Abaxis, Inc.*^	11,500		198,260
Abiomed, Inc.*^	25,975		127,278
Accuray, Inc.*	18,900		95,067
Align Technology, Inc.*^	62,520		495,784
Alphatec Holdings, Inc.*	11,000		19,470
American Medical Systems Holdings, Inc.*	387,486		4,320,469
Analogic Corp.^	6,800		217,736
AngioDynamics, Inc.*	5,600		62,944
Atrion Corp.	800		70,592
Conceptus, Inc.*	20,600		242,050
CONMED Corp.*	3,335		48,057
CryoLife, Inc.*	33,475		173,401
Cutera, Inc.*	230,099		1,470,333
Cyberonics, Inc.*	12,100		160,567
Cynosure, Inc., Class A*	5,500		33,495
DexCom, Inc.*	21,200		87,768
ev3, Inc.*^	61,911		439,568
Exactech, Inc.*	4,300		49,407
Greatbatch, Inc.*	31,695		613,298
Haemonetics Corp.*	13,300		732,564
Hansen Medical, Inc.*^	10,200		41,004
ICU Medical, Inc.*	3,200		102,784
I-Flow Corp.*	12,400		45,260
Immucor, Inc.*	36,500		917,975
Insulet Corp.*	11,100		45,510
Integra LifeSciences Holdings Corp.*^	9,100		225,043
Invacare Corp.^	3,300		52,899
Inverness Medical Innovations, Inc.*^	17,441		464,454
IRIS International, Inc.*^	9,600		110,688
Kensey Nash Corp.*	3,700		78,699
Masimo Corp.*^	36,355		1,053,568
Medical Action Industries, Inc.*	2,500		20,725
Meridian Bioscience, Inc.	20,600		373,272
Merit Medical Systems, Inc.*^	14,700		179,487
Micrus Endovascular Corp.*	8,000		47,760
Natus Medical, Inc.*^	14,900		126,799
Neogen Corp.*	8,800		192,104
NuVasive, Inc.*^	24,999		784,469
NxStage Medical, Inc.*^	8,600		22,188
OraSure Technologies, Inc.*	22,500		56,925
Orthofix International N.V.*	3,100		57,412
Orthovita, Inc.*	35,800		95,944

155

AXA PREMIER VIP TRUST

MULTIMANAGER SMALL CAP GROWTH PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Number of Shares	Value (Note 1)
Quidel Corp.*	14,200	$	130,924
RTI Biologics, Inc.*	26,800		76,380
SenoRx, Inc.*	32,755		113,332
Sirona Dental Systems, Inc.*^	45,035		644,901
Somanetics Corp.*	6,400		97,152
SonoSite, Inc.*	35,963		643,018
Spectranetics Corp.*	105,751		267,550
Stereotaxis, Inc.*^	15,100		60,249
STERIS Corp.^	30,200		703,056
SurModics, Inc.*	8,200		149,650
Symmetry Medical, Inc.*	46,253		291,856
Synovis Life Technologies, Inc.*	6,000		83,040
Thoratec Corp.*	263,911		6,779,873
TomoTherapy, Inc.*	21,000		55,650
TranS1, Inc.*	6,200		37,758
Vision-Sciences, Inc.*^	13,300		17,024
Vnus Medical Technologies, Inc.*	6,600		140,382
Volcano Corp.*	56,707		825,087
West Pharmaceutical Services, Inc.^	18,310		600,751
Wright Medical Group, Inc.*	19,000		247,570
Zoll Medical Corp.*	11,100		159,396
			26,877,676
Health Care Providers & Services (4.5%)
Air Methods Corp.*^	5,600		94,696
Alliance HealthCare Services, Inc.*	12,200		82,960
Almost Family, Inc.*^	7,615		145,370
Amedisys, Inc.*^	48,224		1,325,678
AMN Healthcare Services, Inc.*	16,400		83,640
Assisted Living Concepts, Inc., Class A*	3,880		52,613
Bio-Reference Labs, Inc.*^	5,800		121,278
BMP Sunstone Corp.*	11,700		37,791
Capital Senior Living Corp.*	1,200		2,928
CardioNet, Inc.*	18,440		517,426
Catalyst Health Solutions, Inc.*	18,300		362,706
Centene Corp.*	176,965		3,188,909
Chemed Corp.	8,500		330,650
Chindex International, Inc.*^	6,100		30,317
Corvel Corp.*	4,000		80,880
Coventry Health Care, Inc.*	18,380		237,837
Cross Country Healthcare, Inc.*	2,800		18,340
Emergency Medical Services Corp., Class A*	2,300		72,197
Emeritus Corp.*	9,700		63,632
Ensign Group, Inc.	400		6,184
Five Star Quality Care, Inc.*	1,500		1,560
Genoptix, Inc.*	64,885		1,770,063
Gentiva Health Services, Inc.*	5,700		86,640
Healthways, Inc.*	18,600		163,122
HMS Holdings Corp.*^	12,800		421,120
inVentiv Health, Inc.*	59,490		485,438
IPC The Hospitalist Co., Inc.*	3,100		58,993
Landauer, Inc.	2,700		136,836
LHC Group, Inc.*	7,800		173,784
Lincare Holdings, Inc.*^	107,047		2,333,625
MWI Veterinary Supply, Inc.*^	35,602		1,013,945
National Healthcare Corp.^	3,900		156,585
National Research Corp.	600		14,904
Nighthawk Radiology Holdings, Inc.*	1,600		4,320
Odyssey HealthCare, Inc.*	3,600		34,920
Omnicare, Inc.	8,430		206,451
Owens & Minor, Inc.	19,300		639,409
Providence Service Corp.*	5,600		38,528
PSS World Medical, Inc.*^	31,900		457,765
Psychiatric Solutions, Inc.*^	28,500		448,305
RadNet, Inc.*	8,300		10,292
Sun Healthcare Group, Inc.*	22,900		193,276
Sunrise Senior Living, Inc.*	15,400		10,472
U.S. Physical Therapy, Inc.*	6,700		64,856
Virtual Radiologic Corp.*	3,700		25,863
			15,807,104
Health Care Technology (2.1%)
Allscripts-Misys Healthcare Solutions, Inc.^	75,200		773,808
athenahealth, Inc.*^	12,500		301,375
Computer Programs & Systems, Inc.^	3,900		129,753
Eclipsys Corp.*^	365,654		3,707,731
MedAssets, Inc.*^	14,510		206,768
Omnicell, Inc.*	15,700		122,774
Phase Forward, Inc.*	42,315		541,209
Vital Images, Inc.*^	136,215		1,535,143
			7,318,561
Life Sciences Tools & Services (2.4%)
Accelrys, Inc.*	15,100		60,098
Affymetrix, Inc.*^	19,300		63,111
Albany Molecular Research, Inc.*	4,500		42,435
AMAG Pharmaceuticals, Inc.*^	8,700		319,899
Bio-Rad Laboratories, Inc., Class A*	16,400		1,080,760
Bruker Corp.*	36,500		224,840
Cambrex Corp.*^	7,800		17,784
Clinical Data, Inc.*	5,500		59,400
Dionex Corp.*	9,400		444,150
Enzo Biochem, Inc.*	12,700		51,054
eResearchTechnology, Inc.*	21,800		114,668
Exelixis, Inc.*^	53,700		247,020
ICON plc (ADR)*	186,122		3,005,871
Illumina, Inc.*^	5,010		186,572
Kendle International, Inc.*	6,600		138,336
Life Sciences Research, Inc.*	4,100		29,397
Luminex Corp.*	21,200		384,144
Medivation, Inc.*^	13,000		237,510
Nektar Therapeutics*	20,100		108,339
PAREXEL International Corp.*	56,414		548,908
Sequenom, Inc.*^	34,435		489,666
Varian, Inc.*	26,600		631,484
			8,485,446
Pharmaceuticals (1.5%)
Acura Pharmaceuticals, Inc.*^	4,600		29,532
Adolor Corp.*	26,000		53,040
Akorn, Inc.*	29,400		25,284
Alexza Pharmaceuticals, Inc.*	13,400		29,614
Ardea Biosciences, Inc.*	7,500		77,175
Auxilium Pharmaceuticals, Inc.*	21,200		587,664
Biodel, Inc.*^	6,100		31,781
BioForm Medical, Inc.*	14,000		17,080
BioMimetic Therapeutics, Inc.*^	6,800		48,280
Cadence Pharmaceuticals, Inc.*	10,900		102,242
Caraco Pharmaceutical Laboratories Ltd.*	5,900		20,768
Columbia Laboratories, Inc.*^	23,900		34,416
Cypress Bioscience, Inc.*	15,400		109,494
Depomed, Inc.*	25,100		59,236
Discovery Laboratories, Inc.*	49,800		60,756
Durect Corp.*	41,200		91,876
Inspire Pharmaceuticals, Inc.*	22,600		91,756
Javelin Pharmaceuticals, Inc.*^	23,300		33,552
Jazz Pharmaceuticals, Inc.*	3,200		2,848
KV Pharmaceutical Co., Class A*	17,500		28,875
MAP Pharmaceuticals, Inc.*	6,200		13,020
Medicines Co.*	26,600		288,344

156

AXA PREMIER VIP TRUST

MULTIMANAGER SMALL CAP GROWTH PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Number of Shares	Value (Note 1)
Medicis Pharmaceutical Corp., Class A	29,000	$	358,730
MiddleBrook Pharmaceuticals, Inc.*	20,300		27,608
Noven Pharmaceuticals, Inc.*^	49,864		472,711
Obagi Medical Products, Inc.*	9,300		50,034
Optimer Pharmaceuticals, Inc.*	13,600		179,384
Pain Therapeutics, Inc.*	18,400		77,280
Perrigo Co.	52,940		1,314,500
Pozen, Inc.*	13,900		85,068
Questcor Pharmaceuticals, Inc.*	25,500		125,460
Sucampo Pharmaceuticals, Inc., Class A*	5,100		31,263
Valeant Pharmaceuticals International*	15,600		277,524
Vivus, Inc.*	34,900		150,768
XenoPort, Inc.*	13,900		269,104
			5,256,067
Total Health Care			87,823,398
Industrials (14.7%)
Aerospace & Defense (1.7%)
AAR Corp.*^	5,000		62,700
Aerovironment, Inc.*^	5,500		114,950
American Science & Engineering, Inc.	4,800		267,840
Applied Signal Technology, Inc.	1,800		36,414
Argon ST, Inc.*	6,200		117,614
Ascent Solar Technologies, Inc.*	3,200		12,992
Axsys Technologies, Inc.*	7,440		312,778
Curtiss-Wright Corp.	19,600		549,780
DynCorp International, Inc., Class A*	1,300		17,329
Esterline Technologies Corp.*	29,550		596,615
GenCorp, Inc.*	30,500		64,660
HEICO Corp.	11,300		274,590
Herley Industries, Inc.*^	2,600		31,096
Hexcel Corp.*^	235,240		1,545,526
LMI Aerospace, Inc.*	2,700		19,548
Moog, Inc., Class A*	2,500		57,175
Orbital Sciences Corp.*	30,100		357,889
Stanley, Inc.*	4,400		111,716
Taser International, Inc.*	31,700		148,356
Teledyne Technologies, Inc.*	18,200		485,576
TransDigm Group, Inc.*	17,100		561,564
Triumph Group, Inc.	4,900		187,180
			5,933,888
Air Freight & Logistics (0.3%)
Dynamex, Inc.*	2,400		31,392
Forward Air Corp.^	14,700		238,581
Hub Group, Inc., Class A*	23,830		405,110
Pacer International, Inc.	6,200		21,700
UTi Worldwide, Inc.	15,400		184,030
			880,813
Airlines (0.2%)
AirTran Holdings, Inc.*^	32,000		145,600
Allegiant Travel Co.*^	5,900		268,214
Hawaiian Holdings, Inc.*	19,400		72,362
UAL Corp.*^	31,500		141,120
			627,296
Building Products (0.1%)
AAON, Inc.^	6,800		123,216
American Woodmark Corp.	4,200		73,752
Ameron International Corp.^	1,000		52,660
Apogee Enterprises, Inc.^	7,800		85,644
China Architectural Engineering, Inc.*	14,800		14,504
Insteel Industries, Inc.^	1,300		9,048
Quanex Building Products Corp.	12,000		91,200
Trex Co., Inc.*	1,800		13,734
			463,758
Commercial Services & Supplies (4.1%)
American Ecology Corp.	8,200		114,308
American Reprographics Co.*	17,900		63,366
Amrep Corp.*	100		1,570
Bowne & Co., Inc.	1,900		6,099
Casella Waste Systems, Inc., Class A*^	10,200		17,442
Cenveo, Inc.*^	26,400		85,800
Clean Harbors, Inc.*	12,520		600,960
Consolidated Graphics, Inc.*	2,900		36,888
Copart, Inc.*^	12,650		375,199
Deluxe Corp.	13,600		130,968
EnergySolutions, Inc.	16,800		145,320
EnerNOC, Inc.*	800		11,632
Fuel Tech, Inc.*^	9,900		103,554
GEO Group, Inc.*	220,839		2,926,117
GeoEye, Inc.*^	900		17,775
Healthcare Services Group, Inc.	22,100		330,837
Herman Miller, Inc.	16,300		173,758
HNI Corp.^	2,000		20,800
ICT Group, Inc.*	3,000		16,710
Innerworkings, Inc.*^	106,359		454,153
Interface, Inc., Class A	26,100		78,039
Knoll, Inc.	23,000		140,990
M&F Worldwide Corp.*^	500		5,855
McGrath RentCorp^	8,500		133,960
Metalico, Inc.*	13,500		22,950
Mine Safety Appliances Co.	5,700		114,114
Mobile Mini, Inc.*^	14,700		169,344
Multi-Color Corp.	5,000		61,150
PRG-Schultz International, Inc.*	8,500		24,140
Protection One, Inc.*	2,600		8,294
Ritchie Bros. Auctioneers, Inc.	93,725		1,742,348
Rollins, Inc.^	21,300		365,295
Standard Parking Corp.*	3,300		54,120
Standard Register Co.^	1,900		8,702
Sykes Enterprises, Inc.*	85,186		1,416,643
Team, Inc.*	9,300		108,996
Tetra Tech, Inc.*^	34,300		699,034
Waste Connections, Inc.*	147,746		3,797,072
			14,584,302
Construction & Engineering (1.0%)
EMCOR Group, Inc.*	13,400		230,078
Furmanite Corp.*	13,800		42,918
Integrated Electrical Services, Inc.*	1,300		11,856
Layne Christensen Co.*	2,200		35,354
MasTec, Inc.*	19,700		238,173
Michael Baker Corp.*	500		13,000
Northwest Pipe Co.*^	87,028		2,477,687
Orion Marine Group, Inc.*	10,900		142,790
Perini Corp.*	10,800		132,840
Pike Electric Corp.*	3,100		28,675
Sterling Construction Co., Inc.*	4,100		73,144
			3,426,515
Electrical Equipment (1.2%)
Acuity Brands, Inc.^	25,166		567,242
Advanced Battery Technologies, Inc.*	22,700		48,578
Akeena Solar, Inc.*	16,600		18,592
American Superconductor Corp.*^	21,600		373,896
AZZ, Inc.*^	2,700		71,253
Baldor Electric Co.	2,400		34,776
Beacon Power Corp.*	51,000		23,970
Belden, Inc.	7,500		93,825

157

AXA PREMIER VIP TRUST

MULTIMANAGER SMALL CAP GROWTH PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Number of Shares	Value (Note 1)
Capstone Turbine Corp.*	94,600	$	68,112
China BAK Battery, Inc.*	11,800		20,178
Coleman Cable, Inc.*^	4,600		9,798
Ener1, Inc.*^	21,000		108,570
Energy Conversion Devices, Inc.*	23,100		306,537
EnerSys*	4,500		54,540
Evergreen Solar, Inc.*^	75,100		159,963
Franklin Electric Co., Inc.	7,400		163,762
FuelCell Energy, Inc.*	35,900		86,160
Fushi Copperweld, Inc.*^	7,100		34,080
General Cable Corp.*	1,900		37,658
GrafTech International Ltd.*	50,500		311,080
GT Solar International, Inc.*	10,600		70,384
Harbin Electric, Inc.*	3,900		23,985
II-VI, Inc.*	12,500		214,750
LaBarge, Inc.*	5,500		46,035
Medis Technologies Ltd.*	23,500		10,340
Microvision, Inc.*	34,000		43,860
Orion Energy Systems, Inc.*	3,500		15,435
Polypore International, Inc.*	41,139		165,379
Powell Industries, Inc.*	7,400		261,294
Power-One, Inc.*	3,800		3,344
PowerSecure International, Inc.*	7,900		27,018
Preformed Line Products Co.^	300		11,292
Regal-Beloit Corp.^	13,980		428,347
Ultralife Corp.*	6,200		47,926
Valence Technology, Inc.*^	23,400		49,842
Vicor Corp.	10,000		48,900
Woodward Governor Co.	26,900		300,742
			4,361,443
Industrial Conglomerates (0.1%)
Raven Industries, Inc.^	8,500		176,630
Machinery (2.1%)
3D Systems Corp.*	8,500		56,015
Actuant Corp., Class A^	54,944		567,572
Altra Holdings, Inc.*	14,900		57,812
American Railcar Industries, Inc.	4,400		33,572
Ampco-Pittsburgh Corp.	2,900		38,454
Astec Industries, Inc.*^	8,500		222,955
Badger Meter, Inc.^	11,800		340,902
Barnes Group, Inc.^	24,500		261,905
Bucyrus International, Inc.	6,000		91,080
Chart Industries, Inc.*	30,470		240,104
China Fire & Security Group, Inc.*	6,900		54,234
CIRCOR International, Inc.	7,600		171,152
CLARCOR, Inc.	16,000		403,040
Colfax Corp.*	10,700		73,509
Columbus McKinnon Corp.*	1,700		14,824
Dynamic Materials Corp.	6,800		62,288
Energy Recovery, Inc.*^	5,800		44,080
EnPro Industries, Inc.*	1,200		20,520
ESCO Technologies, Inc.*	13,500		522,450
Flanders Corp.*	7,900		31,916
Flow International Corp.*^	21,300		34,506
Force Protection, Inc.*	20,800		99,840
FreightCar America, Inc.	1,000		17,530
Gardner Denver, Inc.*	22,754		494,672
Gorman-Rupp Co.^	7,600		150,480
Graham Corp.	5,200		46,644
IDEX Corp.	2,900		63,423
Kaydon Corp.^	17,600		481,008
Key Technology, Inc.*	2,900		25,520
K-Tron International, Inc.*	1,300		78,871
Lindsay Corp.	6,300		170,100
Met-Pro Corp.	7,400		60,310
Middleby Corp.*	18,145		588,441
Mueller Industries, Inc.	1,500		32,535
NN, Inc.^	10,300		12,978
Nordson Corp.^	17,600		500,368
Omega Flex, Inc.^	1,800		28,998
PMFG, Inc.*^	6,300		49,644
RBC Bearings, Inc.*	11,600		177,248
Robbins & Myers, Inc.	8,300		125,911
Sauer-Danfoss, Inc.	5,300		12,932
Sun Hydraulics Corp.^	5,800		84,738
Tennant Co.	8,000		74,960
Thermadyne Holdings Corp.*	2,300		4,876
Titan International, Inc.^	18,300		92,049
Twin Disc, Inc.	700		4,844
Wabtec Corp.	21,700		572,446
Xerium Technologies, Inc.*	16,500		11,055
			7,405,311
Marine (0.1%)
American Commercial Lines, Inc.*	19,300		61,181
Eagle Bulk Shipping, Inc.^	23,600		100,300
Genco Shipping & Trading Ltd.^	12,300		151,782
Horizon Lines, Inc., Class A^	16,200		49,086
TBS International Ltd., Class A*	5,300		38,955
			401,304
Professional Services (2.7%)
Administaff, Inc.^	11,000		232,430
Advisory Board Co.*	8,100		134,298
CBIZ, Inc.*^	23,700		165,189
CDI Corp.	800		7,776
CoStar Group, Inc.*	10,000		302,500
CRA International, Inc.*	3,800		71,744
Duff & Phelps Corp., Class A*	5,300		83,475
Exponent, Inc.*	4,800		121,584
FTI Consulting, Inc.*	66,381		3,284,531
Hill International, Inc.*	12,000		36,480
Hudson Highland Group, Inc.*^	16,600		18,426
Huron Consulting Group, Inc.*	10,700		454,001
ICF International, Inc.*^	300		6,891
Kforce, Inc.*	1,700		11,951
Korn/Ferry International*	1,400		12,684
LECG Corp.*	7,300		18,542
Monster Worldwide, Inc.*	129,384		1,054,480
Navigant Consulting, Inc.*	47,098		615,571
Odyssey Marine Exploration, Inc.*^	22,600		76,614
On Assignment, Inc.*	106,137		287,631
Resources Connection, Inc.*^	95,751		1,443,925
Spherion Corp.*^	14,200		29,536
TrueBlue, Inc.*	2,000		16,500
VSE Corp.^	2,300		61,410
Watson Wyatt Worldwide, Inc., Class A^	20,353		1,004,828
			9,552,997
Road & Rail (0.8%)
Genesee & Wyoming, Inc., Class A*	11,300		240,125
Heartland Express, Inc.^	17,800		263,618
Knight Transportation, Inc.^	29,400		445,704
Landstar System, Inc.	48,160		1,611,915
Old Dominion Freight Line, Inc.*^	9,900		232,551
Patriot Transportation Holding, Inc.*	100		6,232
Universal Truckload Services, Inc.	1,000		14,340
			2,814,485
Trading Companies & Distributors (0.2%)
Aceto Corp.^	1,200		7,152

158

AXA PREMIER VIP TRUST

MULTIMANAGER SMALL CAP GROWTH PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Number of Shares	Value (Note 1)
Applied Industrial Technologies, Inc.^	6,400	$	107,968
Beacon Roofing Supply, Inc.*	10,500		140,595
DXP Enterprises, Inc.*	3,700		38,221
Houston Wire & Cable Co.	10,100		78,275
Kaman Corp.	1,100		13,794
RSC Holdings, Inc.*	24,000		126,240
TAL International Group, Inc.^	1,800		13,176
Textainer Group Holdings Ltd.	1,700		11,475
Titan Machinery, Inc.*^	3,400		30,566
Watsco, Inc.	6,300		214,389
			781,851
Transportation Infrastructure (0.1%)
Aegean Marine Petroleum Network, Inc.^	14,650		245,388
CAI International, Inc.*	4,100		11,603
			256,991
Total Industrials			51,667,584
Information Technology (26.6%)
Communications Equipment (2.8%)
Acme Packet, Inc.*	13,300		80,731
ADTRAN, Inc.^	16,200		262,602
Airvana, Inc.*	11,200		65,520
Aruba Networks, Inc.*	26,100		81,954
Avanex Corp.*	10,700		18,725
Bel Fuse, Inc., Class B	600		8,064
BigBand Networks, Inc.*	17,200		112,660
Blue Coat Systems, Inc.*	23,060		276,951
Cogo Group, Inc.*	11,800		78,824
Comtech Telecommunications Corp.*	14,600		361,642
DG FastChannel, Inc.*	20,035		376,057
Digi International, Inc.*	2,300		17,641
EMS Technologies, Inc.*	202,016		3,527,198
F5 Networks, Inc.*	4,765		99,827
Finisar Corp.*	211,100		92,884
Globecomm Systems, Inc.*	6,600		38,214
Harmonic, Inc.*	55,225		358,963
Hughes Communications, Inc.*	3,700		44,511
Infinera Corp.*	47,700		352,980
InterDigital, Inc.*	23,400		604,188
Ixia*	109,946		568,421
NETGEAR, Inc.*	2,700		32,535
Neutral Tandem, Inc.*	8,800		216,568
Nextwave Wireless, Inc.*	38,400		6,144
Oplink Communications, Inc.*	4,400		33,880
Opnext, Inc.*	7,800		13,338
Orbcomm, Inc.*	14,500		21,315
Palm, Inc.*	47,000		405,140
Parkervision, Inc.*	12,000		20,280
PC-Tel, Inc.	6,800		29,240
Polycom, Inc.*	41,900		644,841
Riverbed Technology, Inc.*^	28,800		376,704
ShoreTel, Inc.*^	19,200		82,752
Sonus Networks, Inc.*	108,500		170,345
Starent Networks Corp.*	15,200		240,312
Sycamore Networks, Inc.*	12,400		33,108
Tekelec*	4,000		52,920
UTStarcom, Inc.*	4,500		3,510
ViaSat, Inc.*^	3,000		62,460
			9,873,949
Computers & Peripherals (2.3%)
3PAR, Inc.*	14,300		93,951
Compellent Technologies, Inc.*	329,248		3,572,341
Cray, Inc.*	3,900		13,650
Data Domain, Inc.*^	16,800		211,176
Hypercom Corp.*^	21,800		20,928
Immersion Corp.*	7,800		22,854
Intermec, Inc.*^	31,600		328,640
Isilon Systems, Inc.*	14,000		30,800
Netezza Corp.*	319,277		2,171,084
Novatel Wireless, Inc.*	7,200		40,464
Presstek, Inc.*	15,400		31,878
Quantum Corp.*	64,600		43,282
Rackable Systems, Inc.*	2,700		10,962
Rimage Corp.*	500		6,675
STEC, Inc.*	15,500		114,235
Stratasys, Inc.*^	10,700		88,489
Super Micro Computer, Inc.*	11,300		55,596
Synaptics, Inc.*^	41,970		1,123,117
			7,980,122
Electronic Equipment, Instruments & Components (2.3%)
Anixter International, Inc.*	1,300		41,184
Benchmark Electronics, Inc.*	6,100		68,320
China Security & Surveillance Technology, Inc.*^	14,600		56,064
Cogent, Inc.*^	12,100		143,990
Cognex Corp.	20,200		269,670
Coherent, Inc.*	138,241		2,384,657
Comverge, Inc.*	10,700		74,365
CPI International, Inc.*	700		6,580
Daktronics, Inc.^	16,500		108,075
Dolby Laboratories, Inc., Class A*	58,620		1,999,528
DTS, Inc.*^	37,210		895,273
Echelon Corp.*	15,600		126,204
Elixir Gaming Technologies, Inc.*	53,700		5,907
FARO Technologies, Inc.*	8,400		112,896
ICx Technologies, Inc.*	3,800		15,390
IPG Photonics Corp.*^	9,600		80,832
L-1 Identity Solutions, Inc.*	4,400		22,484
Littelfuse, Inc.*	5,300		58,247
Maxwell Technologies, Inc.*	10,300		71,585
MTS Systems Corp.	3,200		72,800
Multi-Fineline Electronix, Inc.*	3,700		62,308
OSI Systems, Inc.*	6,800		103,768
Park Electrochemical Corp.	8,400		145,152
PC Mall, Inc.*	4,200		19,068
Plexus Corp.*	18,600		257,052
Rofin-Sinar Technologies, Inc.*	15,200		245,024
Sanmina-SCI Corp.*	88,000		26,840
Scansource, Inc.*	10,600		196,948
Technitrol, Inc.	2,100		3,591
TTM Technologies, Inc.*	2,300		13,340
Universal Display Corp.*^	44,204		405,351
			8,092,493
Internet Software & Services (3.6%)
Art Technology Group, Inc.*	68,300		174,165
AsiaInfo Holdings, Inc.*	17,700		298,245
Bankrate, Inc.*^	26,059		650,172
Chordiant Software, Inc.*	15,500		46,965
comScore, Inc.*^	9,400		113,646
Constant Contact, Inc.*	10,800		151,092
DealerTrack Holdings, Inc.*	15,400		201,740
Dice Holdings, Inc.*	8,200		22,796
Digital River, Inc.*^	19,100		569,562
DivX, Inc.*	14,400		72,432
EarthLink, Inc.*	56,400		370,548
Equinix, Inc.*^	3,160		177,434
GSI Commerce, Inc.*^	106,495		1,395,085
HSW International, Inc.*	9,500		1,568
InfoSpace, Inc.*	9,700		50,440

159

AXA PREMIER VIP TRUST

MULTIMANAGER SMALL CAP GROWTH PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Number of Shares	Value (Note 1)
Internap Network Services Corp.*^	12,400	$	33,356
Internet Brands, Inc., Class A*^	5,600		32,872
Internet Capital Group, Inc.*	12,900		51,987
j2 Global Communications, Inc.*	22,800		499,092
Keynote Systems, Inc.*	1,000		7,930
Knot, Inc.*^	50,650		415,330
Limelight Networks, Inc.*	8,800		29,480
Liquidity Services, Inc.*	8,300		58,017
LoopNet, Inc.*	29,560		179,725
Marchex, Inc., Class B	89,364		307,412
MercadoLibre, Inc.*^	19,460		360,983
Move, Inc.*	67,200		97,440
NIC, Inc.	20,900		108,680
Omniture, Inc.*^	111,413		1,469,536
Rackspace Hosting, Inc.*^	6,600		49,434
RealNetworks, Inc.*	17,600		41,008
S1 Corp.*	19,100		98,365
SAVVIS, Inc.*	18,900		116,991
SkillSoft plc (ADR)*	183,211		1,225,682
Sohu.com, Inc.*^	4,270		176,394
SonicWALL, Inc.*	2,900		12,934
SupportSoft, Inc.*	14,500		27,840
Switch & Data Facilities Co., Inc.*^	10,200		89,454
TechTarget, Inc.*	7,400		17,760
Terremark Worldwide, Inc.*^	27,500		73,975
TheStreet.com, Inc.^	4,100		8,077
ValueClick, Inc.*	44,400		377,844
Vignette Corp.*	6,800		45,424
VistaPrint Ltd.*^	66,300		1,822,586
Vocus, Inc.*	14,250		189,383
Web.com Group, Inc.*	5,000		16,600
Websense, Inc.*	29,005		348,060
			12,685,541
IT Services (2.6%)
Alliance Data Systems Corp.*^	4,900		181,055
CACI International, Inc., Class A*	3,100		113,119
Cass Information Systems, Inc.	3,500		113,505
China Information Security Technology, Inc.*	13,000		41,080
Cognizant Technology Solutions Corp., Class A*	1,780		37,006
CSG Systems International, Inc.*	9,600		137,088
Cybersource Corp.*	53,130		786,855
ExlService Holdings, Inc.*	7,300		62,926
Forrester Research, Inc.*	25,585		526,028
Gartner, Inc.*	75,997		836,727
Global Cash Access Holdings, Inc.*	138,897		530,587
Hackett Group, Inc.*	22,100		44,642
Heartland Payment Systems, Inc.	12,600		83,286
iGATE Corp.	12,800		41,472
Information Services Group, Inc.*^	79,541		244,191
Integral Systems, Inc.*	8,400		72,240
Lender Processing Services, Inc.	55,726		1,705,773
ManTech International Corp., Class A*	10,600		444,140
MAXIMUS, Inc.	1,100		43,846
NCI, Inc., Class A*	3,400		88,400
Ness Technologies, Inc.*	2,800		8,260
Online Resources Corp.*	14,100		59,361
RightNow Technologies, Inc.*	14,600		110,522
Safeguard Scientifics, Inc.*^	7,400		4,070
Sapient Corp.*	121,920		544,982
SRA International, Inc., Class A*^	12,100		177,870
Syntel, Inc.^	6,500		133,770
TeleTech Holdings, Inc.*	71,186		775,216
TNS, Inc.*	11,000		89,980
VeriFone Holdings, Inc.*^	18,800		127,840
Virtusa Corp.*	3,400		21,080
Wright Express Corp.*	47,493		865,322
			9,052,239
Semiconductors & Semiconductor Equipment (3.7%)
Actel Corp.*^	1,100		11,132
Advanced Analogic Technologies, Inc.*	23,700		85,320
Advanced Energy Industries, Inc.*^	107,997		813,217
Amkor Technology, Inc.*^	6,200		16,616
ANADIGICS, Inc.*	32,200		66,654
Applied Micro Circuits Corp.*	10,800		52,488
Asyst Technologies, Inc.*	4,700		1,316
Atheros Communications, Inc.*^	30,500		447,130
ATMI, Inc.*	16,400		253,052
AuthenTec, Inc.*	12,500		18,500
Cabot Microelectronics Corp.*	12,000		288,360
Cavium Networks, Inc.*^	16,100		185,794
CEVA, Inc.*	8,100		58,968
Cirrus Logic, Inc.*	22,800		85,728
Cohu, Inc.	1,300		9,360
Cymer, Inc.*	4,000		89,040
Diodes, Inc.*^	14,700		155,967
Emcore Corp.*	41,900		31,425
Entegris, Inc.*	5,400		4,644
Entropic Communications, Inc.*	6,400		4,736
Exar Corp.*^	1,300		8,112
FormFactor, Inc.*	15,500		279,310
Hittite Microwave Corp.*	10,000		312,000
IXYS Corp.	9,600		77,376
Kopin Corp.*^	5,800		13,456
Kulicke & Soffa Industries, Inc.*	32,000		83,840
Lattice Semiconductor Corp.*	30,000		41,400
LTX-Credence Corp.*^	5,100		1,428
Micrel, Inc.	24,200		170,368
Microsemi Corp.*^	89,434		1,037,434
Microtune, Inc.*	28,200		51,324
MIPS Technologies, Inc.*	4,400		12,892
MKS Instruments, Inc.*	1,600		23,472
Monolithic Power Systems, Inc.*	35,045		543,198
Netlogic Microsystems, Inc.*	8,700		239,076
NVE Corp.*	2,300		66,263
OmniVision Technologies, Inc.*	2,100		14,112
Pericom Semiconductor Corp.*	11,000		80,410
PLX Technology, Inc.*	12,300		26,691
PMC-Sierra, Inc.*	203,135		1,296,001
Power Integrations, Inc.^	28,316		487,035
Rubicon Technology, Inc.*	6,300		33,453
Rudolph Technologies, Inc.*	2,500		7,575
Semitool, Inc.*	10,200		28,356
Semtech Corp.*	30,000		400,500
Sigma Designs, Inc.*	11,600		144,304
Silicon Image, Inc.*	38,300		91,920
Silicon Laboratories, Inc.*	11,285		297,924
Skyworks Solutions, Inc.*	56,600		456,196
Spansion, Inc., Class A*^	9,600		1,245
Standard Microsystems Corp.*	6,700		124,620
Supertex, Inc.*	6,000		138,600
Techwell, Inc.*	8,300		52,373
Tessera Technologies, Inc.*	24,800		331,576
Trident Microsystems, Inc.*^	12,100		17,666
Ultratech, Inc.*	11,800		147,382
Varian Semiconductor Equipment Associates, Inc.*^	130,155		2,819,158

160

AXA PREMIER VIP TRUST

MULTIMANAGER SMALL CAP GROWTH PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Number of Shares	Value (Note 1)
Veeco Instruments, Inc.*	13,900	$	92,713
Volterra Semiconductor Corp.*^	12,800		108,032
			12,838,238
Software (9.3%)
ACI Worldwide, Inc.*	17,600		330,000
Actuate Corp.*	31,700		97,002
Advent Software, Inc.*^	8,500		283,135
American Software, Inc., Class A	8,900		46,903
ANSYS, Inc.*	101,905		2,557,816
ArcSight, Inc.*	3,700		47,249
Ariba, Inc.*^	46,700		407,691
Blackbaud, Inc.	21,100		244,971
Blackboard, Inc.*^	19,030		604,012
Callidus Software, Inc.*	15,600		45,240
Commvault Systems, Inc.*	21,800		239,146
Concur Technologies, Inc.*^	37,120		712,333
Deltek, Inc.*	6,500		28,145
DemandTec, Inc.*	10,800		94,500
Digimarc Corp.*^	3,000		29,160
Double-Take Software, Inc.*	8,500		57,460
Ebix, Inc.*	3,300		82,005
Entrust, Inc.*^	29,600		44,696
EPIQ Systems, Inc.*^	23,335		420,730
FactSet Research Systems, Inc.^	36,616		1,830,434
FalconStor Software, Inc.*	21,600		51,624
Guidance Software, Inc.*	4,600		18,768
Informatica Corp.*	134,085		1,777,967
Interactive Intelligence, Inc.*	6,800		61,608
Jack Henry & Associates, Inc.	35,600		580,992
JDA Software Group, Inc.*	1,400		16,170
Kenexa Corp.*	9,000		48,510
Lawson Software, Inc.*	158,539		673,791
Macrovision Solutions Corp.*^	167,136		2,973,349
Magma Design Automation, Inc.*^	23,400		17,550
Manhattan Associates, Inc.*	12,600		218,232
Mentor Graphics Corp.*	2,500		11,100
Micros Systems, Inc.*^	42,000		787,500
MicroStrategy, Inc., Class A*	4,800		164,112
Midway Games, Inc.*	9,100		683
Monotype Imaging Holdings, Inc.*	5,700		21,318
Net 1 UEPS Technologies, Inc.*	25,600		389,376
NetScout Systems, Inc.*	13,400		95,944
NetSuite, Inc.*^	3,400		38,284
Novell, Inc.*	307,345		1,309,290
OpenTV Corp., Class A*^	6,800		10,268
Opnet Technologies, Inc.*	6,700		58,089
Parametric Technology Corp.*	56,300		561,874
Pegasystems, Inc.	7,300		135,561
Phoenix Technologies Ltd.*	16,000		25,920
Progress Software Corp.*	19,400		336,784
PROS Holdings, Inc.*	17,955		83,491
QAD, Inc	6,500		16,445
Quality Systems, Inc.^	83,225		3,765,930
Radiant Systems, Inc.*	15,000		66,150
Renaissance Learning, Inc.	4,900		43,953
Shanda Interactive Entertainment Ltd. (ADR)*^	980		38,739
Smith Micro Software, Inc.*	13,000		67,990
Solera Holdings, Inc.*^	91,729		2,273,045
Sonic Solutions, Inc.*	10,700		12,840
Sourcefire, Inc.*	7,900		57,512
SPSS, Inc.*	9,100		258,713
SuccessFactors, Inc.*	12,700		96,901
Sybase, Inc.*^	34,500		1,045,005
Symyx Technologies, Inc.*	10,000		44,500
Synchronoss Technologies, Inc.*^	56,397		691,427
Take-Two Interactive Software, Inc.*	39,400		328,990
Taleo Corp., Class A*	13,200		156,024
TeleCommunication Systems, Inc., Class A*	17,800		163,226
THQ, Inc.*	23,700		72,048
TIBCO Software, Inc.*	609,962		3,580,477
TiVo, Inc.*	52,300		368,192
Tyler Technologies, Inc.*	19,400		283,822
Ultimate Software Group, Inc.*^	12,600		217,476
Unica Corp.*	6,900		33,327
VASCO Data Security International, Inc.*	13,800		79,626
Wind River Systems, Inc.*	34,800		222,720
			32,655,861
Total Information Technology			93,178,443
Materials (3.3%)
Chemicals (2.6%)
Airgas, Inc.	4,100		138,621
American Vanguard Corp.	8,900		114,810
Arch Chemicals, Inc.	4,200		79,632
Balchem Corp.	9,200		231,196
Calgon Carbon Corp.*	27,800		393,926
CF Industries Holdings, Inc.	24,680		1,755,488
Ferro Corp.^	23,000		32,890
Flotek Industries, Inc.*	11,400		17,898
GenTek, Inc.*	3,500		61,215
Huntsman Corp.	674,925		2,112,515
ICO, Inc.*^	8,400		17,304
Innophos Holdings, Inc.	3,100		34,968
Innospec, Inc.	8,200		30,914
Koppers Holdings, Inc.	1,000		14,520
Landec Corp.*	12,000		66,840
LSB Industries, Inc.*	6,200		61,318
Minerals Technologies, Inc.	4,600		147,430
NewMarket Corp.	6,900		305,670
NL Industries, Inc.^	2,000		20,000
Quaker Chemical Corp.	5,200		41,288
ShengdaTech, Inc.*^	17,000		52,700
Solutia, Inc.*	35,600		66,572
Stepan Co.	1,300		35,490
Terra Industries, Inc.	115,861		3,254,536
W.R. Grace & Co.*	29,400		185,808
Zep, Inc.	10,900		111,507
Zoltek Cos., Inc.*^	14,400		98,064
			9,483,120
Construction Materials (0.1%)
Headwaters, Inc.*	4,900		15,386
Texas Industries, Inc.^	12,300		307,500
United States Lime & Minerals, Inc.*^	400		10,944
			333,830
Containers & Packaging (0.2%)
AEP Industries, Inc.*^	2,700		41,229
Bway Holding Co.*	2,900		22,881
Graphic Packaging Holding Co.*^	77,200		67,164
Myers Industries, Inc.	7,600		46,664
Rock-Tenn Co., Class A	7,300		197,465
Silgan Holdings, Inc.	6,500		341,510
			716,913
Metals & Mining (0.3%)
Allied Nevada Gold Corp.*	20,800		121,680
AMCOL International Corp.^	4,200		62,328
China Direct, Inc.*^	5,400		6,804
Compass Minerals International, Inc.	8,900		501,693

161

AXA PREMIER VIP TRUST

MULTIMANAGER SMALL CAP GROWTH PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Number of Shares		Value (Note 1)
General Moly, Inc.*		27,300	$	28,938
General Steel Holdings, Inc.*^		4,600		12,098
Haynes International, Inc.*^		1,700		30,294
Olympic Steel, Inc.		3,500		53,095
Stillwater Mining Co.*		5,200		19,240
Sutor Technology Group Ltd.*^		3,300		4,620
Universal Stainless & Alloy Products, Inc.*		500		4,835
Worthington Industries, Inc.		6,500		56,615
				902,240
Paper & Forest Products (0.1%)
Clearwater Paper Corp.*		1,800		14,454
Deltic Timber Corp.^		5,600		220,696
				235,150
Total Materials				11,671,253
Telecommunication Services (1.2%)
Diversified Telecommunication Services (0.9%)
Alaska Communications Systems Group, Inc.		11,500		77,050
Cbeyond, Inc.*^		61,539		1,158,779
Cogent Communications Group, Inc.*		23,600		169,920
Consolidated Communications Holdings, Inc.		4,400		45,144
Global Crossing Ltd.*		4,800		33,600
Iowa Telecommunications Services, Inc.^		2,200		25,212
NTELOS Holdings Corp.		15,300		277,542
PAETEC Holding Corp.*^		187,624		270,179
Premiere Global Services, Inc.*		27,100		239,022
Shenandoah Telecommunications Co.		10,800		246,240
tw telecom, Inc.*^		66,500		581,875
Vonage Holdings Corp.*		34,200		13,680
				3,138,243
Wireless Telecommunication Services (0.3%)
Centennial Communications Corp.*		29,500		243,670
ICO Global Communications Holdings Ltd.*		26,500		9,275
iPCS, Inc.*		3,300		32,043
NII Holdings, Inc.*		15,500		232,500
SBA Communications Corp., Class A*^		8,810		205,273
Syniverse Holdings, Inc.*		23,445		369,493
TerreStar Corp.*		13,800		7,728
Virgin Mobile USA, Inc., Class A*		20,800		26,832
				1,126,814
Total Telecommunication Services				4,265,057
Utilities (0.4%)
Electric Utilities (0.3%)
ITC Holdings Corp.		25,700		1,121,034
Independent Power Producers & Energy Traders (0.1%)
Ormat Technologies, Inc.		9,200		252,632
Synthesis Energy Systems, Inc.*		11,800		7,788
U.S. Geothermal, Inc.*		37,300		26,483
				286,903
Water Utilities (0.0%)
Cadiz, Inc.*		6,200		49,476
Consolidated Water Co., Inc.		7,100		77,035
SJW Corp.^		600		15,258
				141,769
Total Utilities				1,549,706
Total Common Stocks (99.5%) (Cost $411,209,696)				349,285,388
	Principal Amount		Value (Note 1)
SHORT-TERM INVESTMENTS:
Government Securities (0.1%)
U.S. Treasury Bills
0.18%, 6/11/09 #(p)	$	380,000		379,864
Short-Term Investments of Cash Collateral for Securities Loaned (17.0%)
Banco de Sabadell S.A.
1.17%, 4/23/09 (l)		3,230,000		3,230,000
BBVA Senior Finance S.A.
1.38%, 3/12/10 (l)		2,370,000		2,327,812
Deutsche Bank Securities, Inc., Repurchase Agreement
0.25%, 4/1/09 (r)(u)		29,604,290		29,604,290
General Electric Capital Corp.
0.40%, 3/12/10 (l)		430,000		406,453
K2 (USA) LLC
0.37%, 5/29/09 (l)		4,309,704		4,309,704
0.37%, 6/18/09 (l)		5,389,601		5,371,594
Lehman Brothers Holdings, Inc.
0.00%, 8/21/09 (h)(s)		2,689,982		322,798
Links Finance LLC
0.37%, 6/25/09 (l)		1,619,898		1,612,905
Monumental Global Funding II
0.43%, 5/26/10 (l)		5,060,000		4,300,999
Morgan Stanley
0.46%, 5/7/09 (l)		5,390,000		5,390,000
Pricoa Global Funding I
0.40%, 6/25/10 (l)		3,229,596		2,915,075
Total Short-Term Investments of Cash Collateral for Securities Loaned				59,791,630
Time Deposit (1.4%)
JPMorgan Chase Nassau
0.004%, 4/1/09		4,840,725		4,840,725
Total Short-Term Investments (18.5%) (Cost/Amortized Cost $68,543,609)				65,012,219
Total Investments (118.0%) (Cost/Amortized Cost $479,753,305)				414,297,607
Other Assets Less Liabilities (-18.0%)				(63,235,246	)
Net Assets (100%)			$	351,062,361

*	Non-income producing.
^	All, or a portion of security out on loan (See Note 1).
†	Securities (totaling $55 or 0.0% of net assets) at fair value.
#	All, or a portion of security held by broker as collateral for financial futures contracts.
(b)	Illiquid Security.
(h)	Security in default.
(l)	Floating Rate Security. Rate disclosed is as of March 31, 2009.
(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.
(s)	Issuer in bankruptcy.

162

AXA PREMIER VIP TRUST

MULTIMANAGER SMALL CAP GROWTH PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

(u)	Represents the Portfolio’s undivided interest in a joint repurchase agreement. The repurchase agreement was fully collateralized by U.S. government agency securities at the date of this Portfolio of Investments as follows: Federal Home Loan Mortgage Corp., 0.000% – 7.500%, maturing 1/15/15 – 6/15/38; Federal National Mortgage Association, 5.000% – 7.000%, maturing 10/1/36 – 12/1/38.
	Glossary:
	ADR — American Depositary Receipt

At March 31, 2009 the Portfolio had the following futures contracts open: (Note 1)

Purchase	Number of Contracts	Expiration Date	Original Value		Value at 3/31/2009		Unrealized Appreciation
Russell 2000 Mini Index	65	June-09	$	2,355,850	$	2,738,450	$	382,600

Various inputs are used in determining the value of the Portfolio’s investments. These inputs are summarized in the three broad levels listed below:

• Level 1 - Quoted prices in active markets for identical securities

• Level 2 - Significant other observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)

• Level 3 - Significant unobservable inputs (including the Portfolio’s own assumptions in determining the fair value of investments)

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, money market securities are valued using amortized cost, in accordance with rules under the Investment Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active market, such securities are reflected as Level 2.

The following is a summary of the inputs used to value the Portfolio’s net assets as of March 31, 2009:

Description	Quoted Prices in Active Markets for Identical Securities (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Assets
Investments in Securities	$	349,285,333	$	65,012,219	$	55	$	414,297,607
Other Investments*		382,600		—		—		382,600
Total	$	349,667,933	$	65,012,219	$	55	$	414,680,207
Liabilities
Investments in Securities	$	—	$	—	$	—	$	—
Other Investments*		—		—		—		—
Total	$	—	$	—	$	—	$	—

163

AXA PREMIER VIP TRUST

MULTIMANAGER SMALL CAP GROWTH PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:

	Investments in Securities		Other Investments*
Balance as of 12/31/08	$	—	$	—
Total gains or losses (realized/unrealized) included in earnings		55		—
Purchases, sales, issuances, and settlements (net)		—		—
Transfers in and/or out of Level 3		—		—
Balance as of 3/31/09	$	55	$	—
The amount of total gains or losses for the year included in earnings attributable to the change in unrealized gains or losses relating to assets and liabilities still held at period ending 3/31/09.	$	55	$	—

* Other investments are derivative instruments, such as futures, forwards and written options, which are valued at the unrealized appreciation/depreciation on the instrument.

Investment security transactions for the three months ended March 31, 2009 where as follows:

Cost of Purchases:
Stocks and long-term corporate debt securities	$	281,156,524
Net Proceeds of Sales and Redemptions:
Stocks and long-term corporate debt securities	$	426,508,506
As of March 31, 2009, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investments for Federal income tax purposes was as follows:
Aggregate gross unrealized appreciation	$	13,603,439
Aggregate gross unrealized depreciation		(99,121,677	)
Net unrealized depreciation	$	(85,518,238	)
Federal income tax cost of investments	$	499,815,845

At March 31, 2009, the Portfolio had loaned securities with a total value of $61,697,484. This was secured by collateral of $63,323,071, which was received as cash and subsequently invested in short-term investments currently valued at $59,791,630, as reported in the portfolio of investments.

For the three months ended March 31, 2009 the Portfolio incurred approximately $7,417 as brokerage commissions with Raymond James & Associates, Inc., and $1,288 as brokerage commissions with Sanford C. Bernstein & Co., Inc., affiliated broker/dealers.

The Portfolio has a net capital loss carryforward of $69,758,333, which expires in the year 2016.

See Notes to Portfolio of Investments.

164

AXA PREMIER VIP TRUST

MULTIMANAGER SMALL CAP VALUE PORTFOLIO

PORTFOLIO OF INVESTMENTS

March 31, 2009 (Unaudited)

	Number of Shares	Value (Note 1)
COMMON STOCKS:
Consumer Discretionary (13.9%)
Auto Components (1.3%)
American Axle & Manufacturing Holdings, Inc.	44,700	$	59,004
Amerigon, Inc.*	570,000		2,109,000
ArvinMeritor, Inc.	70,800		55,932
Autoliv, Inc.	111,000		2,061,270
Cooper Tire & Rubber Co.	56,300		227,452
Dana Holding Corp.*	91,100		41,906
Dorman Products, Inc.*	9,800		91,434
Drew Industries, Inc.*	17,300		150,164
Gentex Corp.^	232,700		2,317,692
Hayes Lemmerz International, Inc.*	119,300		22,071
Lear Corp.*	62,300		46,725
Modine Manufacturing Co.	30,800		77,000
Noble International Ltd.	800,000		152,800
Raser Technologies, Inc.*	19,000		79,610
Spartan Motors, Inc.	28,800		115,776
Stoneridge, Inc.*	14,400		30,384
Superior Industries International, Inc.	22,000		260,700
Tenneco, Inc.*	45,000		73,350
			7,972,270
Automobiles (0.8%)
Thor Industries, Inc.	235,000		3,670,700
Winnebago Industries, Inc.	234,700		1,246,257
			4,916,957
Distributors (0.0%)
Audiovox Corp., Class A*	16,400		56,252
Core-Mark Holding Co., Inc.*	8,900		162,158
			218,410
Diversified Consumer Services (0.5%)
Grand Canyon Education, Inc.*	1,400		24,164
Jackson Hewitt Tax Service, Inc.	27,100		141,462
Lincoln Educational Services Corp.*	2,200		40,304
Matthews International Corp., Class A	1,700		48,977
Regis Corp.	139,900		2,021,555
Steiner Leisure Ltd.*	5,800		141,578
Stewart Enterprises, Inc., Class A	79,900		258,876
Universal Technical Institute, Inc.*	12,800		153,600
			2,830,516
Hotels, Restaurants & Leisure (0.8%)
AFC Enterprises, Inc.*	11,700		52,767
Ameristar Casinos, Inc.	24,300		305,694
BJ’s Restaurants, Inc.*	3,800		52,858
Bluegreen Corp.*	12,900		22,446
Bob Evans Farms, Inc.	28,800		645,696
California Pizza Kitchen, Inc.*	5,400		70,632
CEC Entertainment, Inc.*	2,500		64,700
Churchill Downs, Inc.	9,100		273,546
Cracker Barrel Old Country Store, Inc.	6,800		194,752
Domino’s Pizza, Inc.*	37,500		245,625
Gaylord Entertainment Co.*	38,900		324,037
Great Wolf Resorts, Inc.*	23,100		53,823
Isle of Capri Casinos, Inc.*	15,600		82,524
Jack in the Box, Inc.*	21,100		491,419
Landry’s Restaurants, Inc.	11,300		58,986
Lodgian, Inc.*	15,100		31,710
Luby’s, Inc.*	19,900		97,709
Marcus Corp.	19,100		162,350
Monarch Casino & Resort, Inc.*	6,500		33,540
O’Charleys, Inc.	17,900		53,879
P.F. Chang’s China Bistro, Inc.*	1,700		38,896
Papa John’s International, Inc.*	4,800		109,776
Pinnacle Entertainment, Inc.*	57,100		401,984
Red Robin Gourmet Burgers, Inc.*	1,900		33,497
Ruby Tuesday, Inc.*	50,400		147,168
Six Flags, Inc.*	99,200		26,784
Sonic Corp.*	9,000		90,180
Speedway Motorsports, Inc.	13,000		153,660
Steak n Shake Co.*	27,600		208,932
Vail Resorts, Inc.*	1,700		34,731
Wendy’s/Arby’s Group, Inc., Class A	51,900		261,057
			4,825,358
Household Durables (2.5%)
American Greetings Corp., Class A	43,500		220,110
Bassett Furniture Industries, Inc.	19,600		38,024
Beazer Homes USA, Inc.*	38,800		39,188
Blyth, Inc.	5,875		153,514
Brookfield Homes Corp.	9,400		32,430
Cavco Industries, Inc.*	1,500		35,400
CSS Industries, Inc.	7,500		127,500
D.R. Horton, Inc.	270,000		2,619,000
Ethan Allen Interiors, Inc.^	196,700		2,214,842
Furniture Brands International, Inc.	40,200		59,094
Helen of Troy Ltd.*	28,800		396,000
Hooker Furniture Corp.^	208,400		1,758,896
Hovnanian Enterprises, Inc., Class A*	45,000		70,200
La-Z-Boy, Inc.^	350,100		437,625
M.D.C. Holdings, Inc.^	105,000		3,269,700
M/I Homes, Inc.	233,500		1,632,165
Meritage Homes Corp.*	29,300		334,606
National Presto Industries, Inc.	3,800		231,838
Palm Harbor Homes, Inc.*	9,800		21,854
Russ Berrie & Co., Inc.*	34,129		45,050
Ryland Group, Inc.	39,300		654,738
Sealy Corp.*	42,700		63,623
Skyline Corp.	6,600		125,466
Standard Pacific Corp.*	96,600		85,008
Tempur-Pedic International, Inc.	27,300		199,290
Universal Electronics, Inc.*	1,300		23,530
			14,888,691
Internet & Catalog Retail (0.0%)
Orbitz Worldwide, Inc.*	32,300		41,667
Leisure Equipment & Products (0.4%)
Brunswick Corp.^	293,700		1,013,265
Callaway Golf Co.	63,100		453,058
JAKKS Pacific, Inc.*	26,100		322,335
Marine Products Corp.	6,700		28,408
Nautilus, Inc.*	22,700		14,301
Polaris Industries, Inc.	3,800		81,472
Pool Corp.	8,700		116,580
RC2 Corp.*	16,800		88,536
Steinway Musical Instruments*	6,600		79,002
			2,196,957
Media (0.4%)
AH Belo Corp., Class A	18,700		18,326
Belo Corp., Class A	85,600		52,216
Cinemark Holdings, Inc.	18,400		172,776
CKX, Inc.*	21,100		86,510
Cox Radio, Inc., Class A*	22,500		92,250
Cumulus Media, Inc., Class A*	24,300		24,543
Entercom Communications Corp., Class A	25,400		27,940
Fisher Communications, Inc.	6,500		63,440
Gray Television, Inc.	54,400		17,408
Harte-Hanks, Inc.	30,600		163,710

165

AXA PREMIER VIP TRUST

MULTIMANAGER SMALL CAP VALUE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Number of Shares	Value (Note 1)
Interactive Data Corp.	17,800	$	442,508
Journal Communications, Inc., Class A	38,900		29,175
Knology, Inc.*	25,900		106,708
Lee Enterprises, Inc.	30,300		8,484
LIN TV Corp., Class A*	26,300		29,456
Live Nation, Inc.*	72,300		193,041
McClatchy Co., Class A	56,300		27,587
Media General, Inc., Class A	22,300		42,816
Mediacom Communications Corp., Class A*	37,700		151,931
Outdoor Channel Holdings, Inc.*	13,700		93,434
Playboy Enterprises, Inc., Class B*	11,900		23,443
Primedia, Inc.	22,700		56,069
RCN Corp.*	17,200		63,640
RHI Entertainment, Inc.*	11,100		16,872
Scholastic Corp.	23,000		346,610
Sinclair Broadcast Group, Inc., Class A	30,600		31,518
Valassis Communications, Inc.*	24,500		38,465
			2,420,876
Multiline Retail (1.4%)
99 Cents Only Stores*	20,100		185,724
Dillard’s, Inc., Class A	54,500		310,650
Fred’s, Inc., Class A	296,700		3,346,776
J.C. Penney Co., Inc.	172,000		3,452,040
Retail Ventures, Inc.*	26,800		40,736
Saks, Inc.*^	317,500		593,725
Tuesday Morning Corp.*^	548,099		696,086
			8,625,737
Specialty Retail (4.6%)
Aaron Rents, Inc.	42,500		1,133,050
America’s Car-Mart, Inc.*	9,700		131,823
Asbury Automotive Group, Inc.	30,800		132,748
bebe stores, Inc.	28,600		190,762
Big 5 Sporting Goods Corp.	20,600		120,922
Blockbuster, Inc., Class A*	164,500		118,440
Borders Group, Inc.*	15,000		9,450
Brown Shoe Co., Inc.^	398,500		1,494,375
Build-A-Bear Workshop, Inc.*	16,200		98,334
Cabela’s, Inc.*	37,600		342,536
Casual Male Retail Group, Inc.*	32,100		15,729
Cato Corp., Class A	21,400		391,192
Charlotte Russe Holding, Inc.*	17,100		139,365
Charming Shoppes, Inc.*	107,500		150,500
Chico’s FAS, Inc.*	112,500		604,125
Children’s Place Retail Stores, Inc.*	22,200		485,958
Christopher & Banks Corp.	531,100		2,172,199
Collective Brands, Inc.*	59,400		578,556
Conn’s, Inc.*	304,400		4,273,775
Dress Barn, Inc.*	42,900		527,241
DSW, Inc., Class A*	5,700		52,953
Finish Line, Inc., Class A	28,100		186,022
Genesco, Inc.*	18,400		346,472
Group 1 Automotive, Inc.^	174,900		2,443,353
Gymboree Corp.*^	34,600		738,710
Haverty Furniture Cos., Inc.	12,500		131,625
HOT Topic, Inc.*	41,700		466,623
Jo-Ann Stores, Inc.*	24,200		395,428
JoS. A. Bank Clothiers, Inc.*	13,700		380,997
MarineMax, Inc.*	16,300		31,948
Men’s Wearhouse, Inc.	251,500		3,807,710
Monro Muffler, Inc.	14,300		390,819
New York & Co., Inc.*	19,500		69,225
Pacific Sunwear of California, Inc.*	64,100		106,406
PEP Boys-Manny, Moe & Jack	40,700		179,487
Pier 1 Imports, Inc.*	348,100		194,936
Rent-A-Center, Inc.*	62,600		1,212,562
REX Stores Corp.*	7,700		82,544
Sally Beauty Holdings, Inc.*	6,500		36,920
Shoe Carnival, Inc.*	8,600		89,010
Sonic Automotive, Inc., Class A	655,500		1,048,800
Stage Stores, Inc.	36,500		367,920
Stein Mart, Inc.*	23,800		68,782
Syms Corp.*	6,100		37,332
Systemax, Inc.*	6,400		82,688
Talbots, Inc.	24,100		84,591
Tractor Supply Co.*	7,900		284,874
West Marine, Inc.*^	250,000		1,337,500
Zale Corp.*^	276,800		539,760
			28,307,077
Textiles, Apparel & Luxury Goods (1.2%)
Carter’s, Inc.*	53,000		996,930
Cherokee, Inc.	3,400		53,040
Columbia Sportswear Co.	11,800		353,056
G-III Apparel Group Ltd.*	5,600		30,912
Iconix Brand Group, Inc.*	16,100		142,485
Kenneth Cole Productions, Inc., Class A	8,800		56,232
K-Swiss, Inc., Class A	24,400		208,376
Maidenform Brands, Inc.*	10,900		99,844
Movado Group, Inc.	15,300		115,362
Oxford Industries, Inc.	13,800		85,146
Perry Ellis International, Inc.*	6,600		22,836
Quiksilver, Inc.*	120,700		154,496
Skechers U.S.A., Inc., Class A*	29,200		194,764
Steven Madden Ltd.*	16,900		317,382
Timberland Co., Class A*^	125,600		1,499,664
Unifi, Inc.*	43,800		28,032
UniFirst Corp.	13,700		381,408
Warnaco Group, Inc.*	110,000		2,640,000
Weyco Group, Inc.	3,000		77,760
			7,457,725
Total Consumer Discretionary			84,702,241
Consumer Staples (3.8%)
Beverages (0.0%)
National Beverage Corp.*	9,300		85,281
Food & Staples Retailing (1.4%)
Andersons, Inc.	17,400		246,036
Casey’s General Stores, Inc.	184,500		4,918,770
Great Atlantic & Pacific Tea Co., Inc.*	21,600		114,696
Ingles Markets, Inc., Class A	12,000		179,160
Nash Finch Co.	12,100		339,889
Pantry, Inc.*	17,400		306,414
Ruddick Corp.	37,000		830,650
Spartan Stores, Inc.	18,400		283,544
Susser Holdings Corp.*	7,000		94,080
United Natural Foods, Inc.*	28,300		536,851
Village Super Market, Inc., Class A	6,200		193,254
Weis Markets, Inc.	10,500		325,920
Winn-Dixie Stores, Inc.*	21,800		208,408
			8,577,672
Food Products (1.7%)
Alico, Inc.	400		9,600
American Dairy, Inc.*	2,200		37,202
B&G Foods, Inc., Class A	19,500		101,400
Cal-Maine Foods, Inc.	1,200		26,868
Chiquita Brands International, Inc.*	41,300		273,819
Darling International, Inc.*	370,000		1,372,700

166

AXA PREMIER VIP TRUST

MULTIMANAGER SMALL CAP VALUE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Number of Shares	Value (Note 1)
Farmer Bros Co.	6,100	$	108,580
Flowers Foods, Inc.	28,700		673,876
Fresh Del Monte Produce, Inc.*	39,000		640,380
Griffin Land & Nurseries, Inc.	3,200		112,000
Hain Celestial Group, Inc.*	34,400		489,856
Imperial Sugar Co.	11,400		81,966
J&J Snack Foods Corp.	13,500		466,965
Lance, Inc.	20,300		422,646
Omega Protein Corp.*	392,100		1,035,144
Ralcorp Holdings, Inc.*	47,400		2,553,912
Reddy Ice Holdings, Inc.	20,700		30,429
Sanderson Farms, Inc.	15,800		593,290
Smart Balance, Inc.*	14,000		84,560
Tootsie Roll Industries, Inc.	15,450		335,574
TreeHouse Foods, Inc.*	29,200		840,668
			10,291,435
Household Products (0.1%)
Central Garden & Pet Co., Class A*	61,400		461,728
WD-40 Co.	8,300		200,362
			662,090
Personal Products (0.4%)
Chattem, Inc.*	31,000		1,737,550
Elizabeth Arden, Inc.*	23,400		136,422
Inter Parfums, Inc.	12,800		74,624
Mannatech, Inc.	12,400		41,292
Nu Skin Enterprises, Inc., Class A	16,200		169,938
Prestige Brands Holdings, Inc.*	32,300		167,314
Schiff Nutrition International, Inc.*	8,600		38,700
			2,365,840
Tobacco (0.2%)
Alliance One International, Inc.*	24,500		94,080
Star Scientific, Inc.*	50,400		215,712
Universal Corp.	23,600		706,112
			1,015,904
Total Consumer Staples			22,998,222
Energy (6.5%)
Energy Equipment & Services (4.7%)
Allis-Chalmers Energy, Inc.*	27,000		52,110
Atwood Oceanics, Inc.*^	76,200		1,264,158
Boots & Coots International Control, Inc.*	2,050,000		2,562,500
Bristow Group, Inc.*^	146,200		3,133,066
Bronco Drilling Co., Inc.*	24,200		127,292
Cal Dive International, Inc.*	39,100		264,707
CARBO Ceramics, Inc.^	8,500		241,740
Complete Production Services, Inc.*	45,900		141,372
Dawson Geophysical Co.*	2,600		35,100
Global Industries Ltd.*^	403,280		1,548,595
GulfMark Offshore, Inc.*	5,300		126,458
Helix Energy Solutions Group, Inc.*^	154,200		792,588
Hornbeck Offshore Services, Inc.*	182,100		2,775,204
ION Geophysical Corp.*	215,000		335,400
Lufkin Industries, Inc.	9,300		352,284
Matrix Service Co.*	190,000		1,561,800
Mitcham Industries, Inc.*	310,000		1,181,100
Newpark Resources, Inc.*	82,600		208,978
Oil States International, Inc.*	110,000		1,476,200
Parker Drilling Co.*	698,800		1,285,792
PHI, Inc.*	4,300		42,914
Pioneer Drilling Co.*	41,700		136,776
Rowan Cos., Inc.	241,000		2,884,770
Superior Well Services, Inc.*	5,400		27,702
Tidewater, Inc.	116,500		4,325,645
Trico Marine Services, Inc.*	12,400		26,040
Union Drilling, Inc.*	9,000		34,200
Unit Corp.*^	91,000		1,903,720
			28,848,211
Oil, Gas & Consumable Fuels (1.8%)
Alon USA Energy, Inc.	10,400		142,480
American Oil & Gas, Inc.*	34,200		26,334
Arch Coal, Inc.^	115,000		1,537,550
Berry Petroleum Co., Class A	15,000		164,400
Bill Barrett Corp.*	18,700		415,888
BMB Munai, Inc.*	32,600		18,908
Brigham Exploration Co.*	44,500		84,550
Callon Petroleum Co.*	20,600		22,454
Cheniere Energy, Inc.*	10,700		45,582
Delek U.S. Holdings, Inc.	12,800		132,608
Denbury Resources, Inc.*	115,000		1,708,900
DHT Maritime, Inc.	20,100		77,184
Energy XXI Bermuda Ltd.	109,100		40,913
EXCO Resources, Inc.*	8,500		85,000
GMX Resources, Inc.*	9,900		64,350
Golar LNG Ltd.	5,700		19,551
Gulfport Energy Corp.*	17,400		40,368
Harvest Natural Resources, Inc.*	31,700		107,463
Meridian Resource Corp.*	76,600		16,086
Nordic American Tanker Shipping Ltd.	26,200		767,660
Oilsands Quest, Inc.*	158,500		114,120
Overseas Shipholding Group, Inc.	55,500		1,258,185
PetroQuest Energy, Inc.*	21,200		50,880
Quest Resource Corp.*	600,000		187,800
RAM Energy Resources, Inc.*	30,800		22,484
Rosetta Resources, Inc.*	49,100		243,045
Stone Energy Corp.*	27,200		90,576
Swift Energy Co.*	29,100		212,430
Teekay Corp.^	85,800		1,220,934
Toreador Resources Corp.*	15,900		39,909
TXCO Resources, Inc.*	34,100		14,049
USEC, Inc.*	73,600		353,280
VAALCO Energy, Inc.*	38,700		204,723
Western Refining, Inc.	28,500		340,290
World Fuel Services Corp.	26,800		847,684
			10,718,618
Total Energy			39,566,829
Financials (25.9%)
Capital Markets (1.2%)
Apollo Investment Corp.	135,200		470,496
Ares Capital Corp.	92,500		447,700
BGC Partners, Inc., Class A	15,400		34,034
BlackRock Kelso Capital Corp.	12,000		50,280
Broadpoint Securities Group, Inc.*	19,000		62,700
Calamos Asset Management, Inc., Class A	19,400		93,314
Capital Southwest Corp.	2,800		213,892
Cohen & Steers, Inc.	6,200		69,192
Evercore Partners, Inc., Class A	9,500		146,775
FBR Capital Markets Corp.*	23,200		76,328
GAMCO Investors, Inc., Class A	5,000		163,250
Gladstone Capital Corp.	20,200		126,452
Gladstone Investment Corp.	20,500		78,310
Harris & Harris Group, Inc.*	23,200		85,840
Hercules Technology Growth Capital, Inc.	31,500		157,500
KBW, Inc.*	23,600		480,260
Knight Capital Group, Inc., Class A*	77,300		1,139,402
Kohlberg Capital Corp.	17,000		52,020

167

AXA PREMIER VIP TRUST

MULTIMANAGER SMALL CAP VALUE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Number of Shares	Value (Note 1)
LaBranche & Co., Inc.*	48,800	$	182,512
MCG Capital Corp.	72,400		92,672
MVC Capital, Inc.	22,300		187,543
NGP Capital Resources Co.	20,000		99,400
Patriot Capital Funding, Inc.	18,900		34,587
PennantPark Investment Corp.	20,500		76,875
Penson Worldwide, Inc.*	16,200		104,166
Piper Jaffray Cos., Inc.*	17,900		461,641
Prospect Capital Corp.	28,000		238,560
Sanders Morris Harris Group, Inc.	18,100		70,590
Stifel Financial Corp.*	23,000		996,130
SWS Group, Inc.	23,200		360,296
Teton Advisors, Inc.(b)*†	75		145
Thomas Weisel Partners Group, Inc.*	18,300		65,514
Virtus Investment Partners, Inc.*	5,700		37,107
Westwood Holdings Group, Inc.	900		35,181
			6,990,664
Commercial Banks (7.3%)
1st Source Corp.	14,400		259,920
AMCORE Financial, Inc.	20,100		32,160
Ameris Bancorp	12,200		57,462
Ames National Corp.	6,200		105,958
Arrow Financial Corp.	8,700		206,103
BancFirst Corp.	7,000		254,800
Banco Latinoamericano de Exportaciones S.A., Class E	26,000		243,620
BancTrust Financial Group, Inc.	15,900		100,647
Bank of the Ozarks, Inc.	11,800		272,344
Banner Corp.	14,500		42,195
Boston Private Financial Holdings, Inc.	52,100		182,871
Bryn Mawr Bank Corp.	6,000		101,100
Camden National Corp.	7,300		166,805
Capital City Bank Group, Inc.	11,300		129,498
Capitol Bancorp Ltd.	13,900		57,685
Cardinal Financial Corp.	8,800		50,512
Cascade Bancorp	21,000		34,230
Cathay General Bancorp	257,100		2,681,553
Centerstate Banks of Florida, Inc.	8,300		91,383
Central Pacific Financial Corp.	27,500		154,000
Chemical Financial Corp.^	171,900		3,577,239
Citizens & Northern Corp.	8,100		149,769
Citizens Republic Bancorp, Inc.*	120,700		187,085
City Bank/Washington	13,500		44,550
City Holding Co.	15,400		420,266
CoBiz Financial, Inc.	18,200		95,550
Colonial BancGroup, Inc.	192,600		173,340
Columbia Banking System, Inc.	17,400		111,360
Community Bank System, Inc.	30,300		507,525
Community Trust Bancorp, Inc.	14,000		374,500
CVB Financial Corp.	62,900		417,027
East West Bancorp, Inc.	540,500		2,470,085
Enterprise Financial Services Corp.	5,400		52,704
F.N.B. Corp./Pennsylvania	79,900		612,833
Farmers Capital Bank Corp.	5,700		89,319
Financial Institutions, Inc.	9,800		74,676
First Bancorp, Inc./Maine	7,500		118,950
First Bancorp/North Carolina	13,800		165,186
First Bancorp/Puerto Rico	67,700		288,402
First Busey Corp.	24,300		188,568
First Commonwealth Financial Corp.	79,000		700,730
First Community Bancshares, Inc./Virginia	8,700		101,529
First Financial Bancorp	34,500		328,785
First Financial Bankshares, Inc.	15,900		765,903
First Financial Corp./Indiana	10,400		383,760
First Merchants Corp.	20,900		225,511
First Midwest Bancorp, Inc./Illinois	46,300		397,717
First South Bancorp, Inc./North Carolina	7,100		75,402
FirstMerit Corp.	75,800		1,379,560
Frontier Financial Corp.	45,300		49,830
Glacier Bancorp, Inc.	57,600		904,896
Green Bankshares, Inc.	12,600		110,880
Guaranty Bancorp*	46,200		80,850
Hancock Holding Co.	22,200		694,416
Hanmi Financial Corp.	36,200		47,060
Harleysville National Corp.	39,500		239,370
Heartland Financial USA, Inc.	11,500		155,710
Heritage Commerce Corp.	9,600		50,400
Home Bancshares, Inc./Arkansas	12,600		251,622
IBERIABANK Corp.	14,800		679,912
Independent Bank Corp./Massachusetts	15,500		228,625
Integra Bank Corp.	20,600		38,934
International Bancshares Corp.	48,400		377,520
Investors Bancorp, Inc.*	41,400		350,658
Lakeland Bancorp, Inc.	18,500		148,555
Lakeland Financial Corp.	11,400		218,766
MainSource Financial Group, Inc.	18,700		150,348
MB Financial, Inc.	33,100		450,160
Midwest Banc Holdings, Inc.	21,100		21,311
Nara Bancorp, Inc.	21,600		63,504
National Penn Bancshares, Inc.	75,600		627,480
NBT Bancorp, Inc.	29,900		647,036
Northfield Bancorp, Inc./New Jersey	17,700		193,461
Old National Bancorp/Indiana	61,500		686,955
Old Second Bancorp, Inc.	13,200		83,820
Oriental Financial Group, Inc.	23,300		113,704
Pacific Capital Bancorp N.A.	43,900		297,203
Pacific Continental Corp.	9,700		112,908
PacWest Bancorp	23,300		333,889
Park National Corp.	10,500		585,375
Peapack Gladstone Financial Corp.	7,600		137,028
Pennsylvania Commerce Bancorp, Inc.*	4,800		88,320
Peoples Bancorp, Inc./Ohio	79,100		1,026,718
Pinnacle Financial Partners, Inc.*	17,600		417,296
Premierwest Bancorp	18,585		74,712
Prosperity Bancshares, Inc.	36,700		1,003,745
Provident Bankshares Corp.	31,700		223,485
Renasant Corp.	19,200		241,152
Republic Bancorp, Inc./Kentucky, Class A	8,900		166,163
S&T Bancorp, Inc.	22,600		479,346
Sandy Spring Bancorp, Inc.	15,700		175,212
Santander BanCorp	4,300		33,884
SCBT Financial Corp.	10,200		213,180
Seacoast Banking Corp. of Florida	14,400		43,632
Shore Bancshares, Inc.	8,000		134,000
Sierra Bancorp	6,600		64,218
Signature Bank/New York*	3,800		107,274
Simmons First National Corp., Class A	13,400		337,546
Smithtown Bancorp, Inc.	7,700		86,856
South Financial Group, Inc.	69,700		76,670
Southside Bancshares, Inc.	11,200		211,680
Southwest Bancorp, Inc./Oklahoma	13,900		130,382
State Bancorp, Inc./New York	12,800		98,560
StellarOne Corp.	21,700		258,447
Sterling Bancorp/New York	17,300		171,270

168

AXA PREMIER VIP TRUST

MULTIMANAGER SMALL CAP VALUE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Number of Shares	Value (Note 1)
Sterling Bancshares, Inc./Texas	69,800	$	456,492
Sterling Financial Corp./Washington	49,800		103,086
Suffolk Bancorp	5,600		145,544
Sun Bancorp, Inc./New Jersey*	13,500		70,065
Susquehanna Bancshares, Inc.	79,900		745,467
SVB Financial Group*	22,500		450,225
SY Bancorp, Inc.	11,000		267,300
Texas Capital Bancshares, Inc.*	26,400		297,264
Tompkins Financial Corp.	5,500		236,500
TowneBank/Virginia	19,100		311,903
Trico Bancshares	13,300		222,642
Trustmark Corp.	46,300		850,994
UCBH Holdings, Inc.	105,600		159,456
UMB Financial Corp.	29,100		1,236,459
Umpqua Holdings Corp.	57,200		518,232
Union Bankshares Corp./Virginia	12,200		168,970
United Bankshares, Inc.	35,200		606,848
United Community Banks, Inc./Georgia	39,199		163,068
United Security Bancshares/California	8,000		58,880
Univest Corp. of Pennsylvania	11,500		201,250
W Holding Co., Inc.	2,800		25,452
Washington Trust Bancorp, Inc.	12,300		199,875
WesBanco, Inc.	24,600		561,618
West Bancorp, Inc.	15,500		115,475
West Coast Bancorp/Oregon	15,100		33,522
Westamerica Bancorporation	14,600		665,176
Western Alliance Bancorporation*	20,700		94,392
Wilshire Bancorp, Inc.	18,600		95,976
Wintrust Financial Corp.	22,500		276,750
Yadkin Valley Financial Corp.	10,500		78,225
			44,115,717
Consumer Finance (1.1%)
Advance America Cash Advance Centers, Inc.	27,800		46,982
Advanta Corp., Class B	38,400		25,344
Cash America International, Inc.	15,600		244,296
CompuCredit Corp.*	15,700		38,465
Credit Acceptance Corp.*	2,100		45,129
EZCORP, Inc., Class A*	355,000		4,107,350
First Cash Financial Services, Inc.*	151,600		2,261,872
First Marblehead Corp.*	32,900		42,441
Nelnet, Inc., Class A*	16,700		147,628
			6,959,507
Diversified Financial Services (0.4%)
Ampal American Israel, Class A*	22,200		37,962
Asset Acceptance Capital Corp.*	1,600		8,496
Compass Diversified Holdings	22,800		203,376
Encore Capital Group, Inc.*	13,300		60,249
Fifth Street Finance Corp.	7,800		60,372
Financial Federal Corp.	23,600		499,848
Life Partners Holdings, Inc.	1,100		18,766
MarketAxess Holdings, Inc.*	29,600		226,144
Medallion Financial Corp.	13,500		100,035
NewStar Financial, Inc.*	16,200		37,584
PHH Corp.*	50,300		706,715
PICO Holdings, Inc.*	14,900		448,043
Portfolio Recovery Associates, Inc.*	5,100		136,884
Primus Guaranty Ltd.*	3,900		6,123
Resource America, Inc., Class A	9,700		38,703
			2,589,300
Insurance (9.2%)
Ambac Financial Group, Inc.	273,800		213,564
American Equity Investment Life Holding Co.	52,000		216,320
American National Insurance Co.^	30,400		1,593,264
American Physicians Capital, Inc.	7,000		286,440
American Safety Insurance Holdings Ltd.*	10,100		116,251
Amerisafe, Inc.*	18,000		275,760
Amtrust Financial Services, Inc.	14,300		136,565
Argo Group International Holdings Ltd.*	18,600		560,418
Arthur J. Gallagher & Co.	87,000		1,479,000
Aspen Insurance Holdings Ltd.	280,300		6,295,538
Assured Guaranty Ltd.	53,200		360,164
Baldwin & Lyons, Inc., Class B	8,200		155,144
Citizens, Inc./Texas*	34,800		252,996
CNA Surety Corp.*	16,000		295,040
Crawford & Co., Class B*	23,100		155,232
Delphi Financial Group, Inc., Class A	39,300		528,978
Donegal Group, Inc., Class A	10,800		165,996
EMC Insurance Group, Inc.	5,300		111,671
Employers Holdings, Inc.	43,600		415,944
Enstar Group, Ltd.*	2,300		129,536
Erie Indemnity Co., Class A	61,900		2,115,742
FBL Financial Group, Inc., Class A	12,300		51,045
First Acceptance Corp.*	15,900		38,478
First Mercury Financial Corp.*	11,300		163,172
Flagstone Reinsurance Holdings Ltd.	29,200		227,468
FPIC Insurance Group, Inc.*	7,200		266,616
Greenlight Capital Reinsurance Ltd., Class A*	26,800		427,996
Hallmark Financial Services*	5,800		40,194
Harleysville Group, Inc.	12,100		384,901
Hilltop Holdings, Inc.*	42,200		481,080
Horace Mann Educators Corp.	38,800		324,756
Independence Holding Co.	7,300		36,573
Infinity Property & Casualty Corp.	13,300		451,269
IPC Holdings Ltd.	252,700		6,833,008
Kansas City Life Insurance Co.	4,400		157,740
Maiden Holdings Ltd.	46,800		209,196
Max Capital Group Ltd.	52,600		906,824
Meadowbrook Insurance Group, Inc.	51,200		312,320
Montpelier Reinsurance Holdings Ltd.^	358,100		4,640,976
National Financial Partners Corp.	38,100		121,920
National Interstate Corp.	6,000		101,460
National Western Life Insurance Co., Class A	2,200		248,600
Navigators Group, Inc.*	12,300		580,314
NYMAGIC, Inc.	4,300		52,460
Odyssey Reinsurance Holdings Corp.	20,500		777,565
Old Republic International Corp.^	574,000		6,210,680
Phoenix Cos., Inc.	109,500		128,115
Platinum Underwriters Holdings Ltd.	50,000		1,418,000
PMA Capital Corp., Class A*	28,800		120,096
Presidential Life Corp.	20,100		156,579
ProAssurance Corp.*	30,100		1,403,262
Protective Life Corp.^	303,200		1,591,800
RLI Corp.	72,500		3,639,500
Safety Insurance Group, Inc.	15,100		469,308
SeaBright Insurance Holdings, Inc.*	20,200		211,292
Selective Insurance Group, Inc.	49,800		605,568
StanCorp Financial Group, Inc.^	80,000		1,822,400
State Auto Financial Corp.	13,500		237,600
Stewart Information Services Corp.	16,300		317,850
Syncora Holdings Ltd.*^	394,800		98,700
Tower Group, Inc.	14,993		369,278

169

AXA PREMIER VIP TRUST

MULTIMANAGER SMALL CAP VALUE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Number of Shares	Value (Note 1)
United America Indemnity Ltd., Class A*	16,700	$	67,134
United Fire & Casualty Co.	21,100		463,356
Validus Holdings Ltd.	60,500		1,432,640
Zenith National Insurance Corp.	85,300		2,056,583
			56,515,235
Real Estate Investment Trusts (REITs) (4.5%)
Acadia Realty Trust (REIT)	16,000		169,760
Agree Realty Corp. (REIT)	7,500		117,675
Alexander’s, Inc. (REIT)	700		119,266
American Campus Communities, Inc. (REIT)	39,400		683,984
American Capital Agency Corp. (REIT)	9,500		162,545
Anthracite Capital, Inc. (REIT)	56,800		19,312
Anworth Mortgage Asset Corp. (REIT)	92,400		566,412
Arbor Realty Trust, Inc. (REIT)	14,200		10,224
Ashford Hospitality Trust, Inc. (REIT)	76,000		117,040
Associated Estates Realty Corp. (REIT)	5,400		30,672
BioMed Realty Trust, Inc. (REIT)	74,600		505,042
Capital Trust, Inc./New York (REIT), Class A	16,400		18,040
CapLease, Inc. (REIT)	41,900		82,543
Capstead Mortgage Corp. (REIT)	58,900		632,586
Care Investment Trust, Inc. (REIT)	12,300		67,158
Cedar Shopping Centers, Inc. (REIT)	36,500		63,510
Chimera Investment Corp. (REIT)	129,800		436,128
Cogdell Spencer, Inc. (REIT)	11,600		59,160
Colonial Properties Trust (REIT)	45,200		172,212
Corporate Office Properties Trust/Maryland (REIT)	39,300		975,819
Cousins Properties, Inc. (REIT)	17,400		112,056
DCT Industrial Trust, Inc. (REIT)	163,400		517,978
DiamondRock Hospitality Co. (REIT)	90,300		362,103
DuPont Fabros Technology, Inc. (REIT)	5,400		37,152
EastGroup Properties, Inc. (REIT)	16,200		454,734
Education Realty Trust, Inc. (REIT)	26,500		92,485
Entertainment Properties Trust (REIT)	31,300		493,288
Equity Lifestyle Properties, Inc. (REIT)	6,900		262,890
Equity One, Inc. (REIT)	30,700		374,233
Extra Space Storage, Inc. (REIT)	81,400		448,514
FelCor Lodging Trust, Inc. (REIT)	60,600		82,416
First Industrial Realty Trust, Inc. (REIT)	42,400		103,880
First Potomac Realty Trust (REIT)	26,100		191,835
Franklin Street Properties Corp. (REIT)	54,900		675,270
Friedman Billings Ramsey Group, Inc. (REIT), Class A*	168,500		33,700
Getty Realty Corp. (REIT)	16,500		302,775
Glimcher Realty Trust (REIT)	36,500		51,100
Gramercy Capital Corp./New York (REIT)	41,100		39,867
Hatteras Financial Corp. (REIT)	14,800		369,852
Healthcare Realty Trust, Inc. (REIT)	54,800		821,452
Hersha Hospitality Trust (REIT)	46,100		87,590
Highwoods Properties, Inc. (REIT)	56,300		1,205,946
Home Properties, Inc. (REIT)	16,800		514,920
Inland Real Estate Corp. (REIT)	37,000		262,330
Investors Real Estate Trust (REIT)	54,800		540,328
Kite Realty Group Trust (REIT)	22,700		55,615
LaSalle Hotel Properties (REIT)	38,200		223,088
Lexington Realty Trust (REIT)	71,800		170,884
LTC Properties, Inc. (REIT)	22,000		385,880
Maguire Properties, Inc. (REIT)*	37,000		26,640
Medical Properties Trust, Inc. (REIT)	76,600		279,590
MFA Financial, Inc. (REIT)	208,800		1,227,744
Mid-America Apartment Communities, Inc. (REIT)	11,700		360,711
Mission West Properties, Inc. (REIT)	18,900		120,960
Monmouth Real Estate Investment Corp. (REIT), Class A	17,500		115,675
National Health Investors, Inc. (REIT)	21,100		566,957
National Retail Properties, Inc. (REIT)	73,400		1,162,656
Newcastle Investment Corp. (REIT)	53,200		34,580
NorthStar Realty Finance Corp. (REIT)	53,200		123,424
Omega Healthcare Investors, Inc. (REIT)	67,500		950,400
One Liberty Properties, Inc. (REIT)	7,700		27,104
Parkway Properties, Inc./Maryland (REIT)	14,600		150,380
Pennsylvania Real Estate Investment Trust (REIT)	33,700		119,635
Post Properties, Inc. (REIT)	42,000		425,880
Potlatch Corp. (REIT)	23,300		540,327
PS Business Parks, Inc. (REIT)	10,100		372,185
RAIT Financial Trust (REIT)	59,500		72,590
Ramco-Gershenson Properties Trust (REIT)	15,300		98,685
Realty Income Corp. (REIT)	95,300		1,793,546
Redwood Trust, Inc. (REIT)	56,200		862,670
Resource Capital Corp. (REIT)	20,700		62,928
Saul Centers, Inc. (REIT)	3,300		75,801
Senior Housing Properties Trust (REIT)	113,300		1,588,466
Sovran Self Storage, Inc. (REIT)	20,800		417,664
Strategic Hotels & Resorts, Inc. (REIT)	71,700		49,473
Sun Communities, Inc. (REIT)	5,700		67,431
Sunstone Hotel Investors, Inc. (REIT)	46,400		122,032
Universal Health Realty Income Trust (REIT)	9,900		289,377
Urstadt Biddle Properties, Inc. (REIT), Class A	19,800		265,716
U-Store-It Trust (REIT)	47,400		95,748
Washington Real Estate Investment Trust (REIT)	24,900		430,770
Winthrop Realty Trust (REIT)	10,700		73,937
			27,254,931
Real Estate Management & Development (0.1%)
Avatar Holdings, Inc.*	5,900		88,382
Consolidated-Tomoka Land Co.	1,800		53,460
Forestar Group, Inc.*	31,500		240,975
Maui Land & Pineapple Co., Inc.*	4,700		39,903
Stratus Properties, Inc.*	6,100		36,905
Thomas Properties Group, Inc.	18,100		21,358
			480,983
Thrifts & Mortgage Finance (2.1%)
Abington Bancorp, Inc.	22,600		187,128
Anchor Bancorp Wisconsin, Inc.	18,800		25,380
Bank Mutual Corp.	44,600		404,076

170

AXA PREMIER VIP TRUST

MULTIMANAGER SMALL CAP VALUE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Number of Shares	Value (Note 1)
BankFinancial Corp.	18,200	$	181,454
Beneficial Mutual Bancorp, Inc.*	30,400		299,440
Berkshire Hills Bancorp, Inc.	11,400		261,288
Brookline Bancorp, Inc.	54,000		513,000
Brooklyn Federal Bancorp, Inc.	3,300		36,399
Clifton Savings Bancorp, Inc.	9,400		94,000
Corus Bankshares, Inc.*^	298,661		80,638
Danvers Bancorp, Inc.	9,600		132,576
Dime Community Bancshares, Inc.	22,400		210,112
Doral Financial Corp.*	5,100		9,180
Encore Bancshares, Inc.*	6,400		56,768
ESSA Bancorp, Inc.	14,500		192,995
Farmer Mac, Class C	9,500		25,460
First Financial Holdings, Inc.	11,200		85,680
First Financial Northwest, Inc.	18,700		155,958
First Niagara Financial Group, Inc.	111,400		1,214,260
First Place Financial Corp./Ohio	16,200		54,432
Flagstar Bancorp, Inc.*	59,200		44,400
Flushing Financial Corp.	20,000		120,400
Fox Chase Bancorp, Inc.*	5,400		51,030
Guaranty Financial Group, Inc.*	87,300		91,665
Home Federal Bancorp, Inc./Idaho	6,500		56,745
Kearny Financial Corp.	16,300		170,824
Meridian Interstate Bancorp, Inc.*	9,600		80,832
NASB Financial, Inc.	3,300		82,203
NewAlliance Bancshares, Inc.	101,800		1,195,132
Northwest Bancorp, Inc.	16,300		275,470
OceanFirst Financial Corp.	8,500		86,870
Ocwen Financial Corp.*	34,000		388,620
Oritani Financial Corp.*	2,000		28,000
PMI Group, Inc.	78,200		48,484
Provident Financial Services, Inc.	56,800		614,008
Provident New York Bancorp	36,900		315,495
Radian Group, Inc.	77,000		140,140
Rockville Financial, Inc.	7,900		71,890
Roma Financial Corp.	8,400		108,780
TrustCo Bank Corp. NY/New York^	617,000		3,714,340
United Community Financial Corp./Ohio	32,200		38,962
United Financial Bancorp, Inc.	15,500		202,895
Waterstone Financial, Inc.*	6,800		13,872
Westfield Financial, Inc.	29,300		257,840
WSFS Financial Corp.	5,900		131,924
			12,551,045
Total Financials			157,457,382
Health Care (4.8%)
Biotechnology (0.2%)
Arena Pharmaceuticals, Inc.*	52,000		156,520
Celera Corp.*	47,500		362,425
Emergent Biosolutions, Inc.*	3,400		45,934
Geron Corp.*	27,500		122,925
Human Genome Sciences, Inc.*	114,500		95,035
Lexicon Pharmaceuticals, Inc.*	51,400		56,026
MannKind Corp.*	23,800		82,824
Maxygen, Inc.*	14,300		97,240
Nabi Biopharmaceuticals*	43,700		161,690
			1,180,619
Health Care Equipment & Supplies (1.6%)
AngioDynamics, Inc.*	13,700		153,988
Cantel Medical Corp.*	11,900		153,153
Cardiac Science Corp.*	18,000		54,180
CONMED Corp.*	25,200		363,132
ev3, Inc.*	54,000		383,400
Greatbatch, Inc.*	21,800		421,830
ICU Medical, Inc.*	5,400		173,448
Invacare Corp.	24,900		399,147
Medical Action Industries, Inc.*	8,500		70,465
NxStage Medical, Inc.*	10,500		27,090
Orthofix International N.V.*	10,900		201,868
Palomar Medical Technologies, Inc.*	17,500		127,050
STERIS Corp.	79,000		1,839,120
Symmetry Medical, Inc.*	23,900		150,809
Teleflex, Inc.	67,000		2,619,030
West Pharmaceutical Services, Inc.^	70,000		2,296,700
			9,434,410
Health Care Providers & Services (2.6%)
Alliance HealthCare Services, Inc.*	2,800		19,040
America Service Group, Inc.*‡	500,000		6,500,000
AMERIGROUP Corp.*	50,200		1,382,508
Amsurg Corp.*	29,700		470,745
Assisted Living Concepts, Inc., Class A*	4,760		64,546
Capital Senior Living Corp.*	19,900		48,556
Centene Corp.*	37,000		666,740
Chemed Corp.	5,500		213,950
Cross Country Healthcare, Inc.*	24,000		157,200
Emergency Medical Services Corp., Class A*	4,900		153,811
Ensign Group, Inc.	7,500		115,950
Five Star Quality Care, Inc.*	29,300		30,472
Gentiva Health Services, Inc.*	13,800		209,760
Hanger Orthopedic Group, Inc.*	29,300		388,225
HealthSouth Corp.*	83,000		737,040
Healthspring, Inc.*	47,100		394,227
Kindred Healthcare, Inc.*	26,700		399,165
Landauer, Inc.	4,100		207,788
Magellan Health Services, Inc.*	34,500		1,257,180
MedCath Corp.*	15,300		111,231
Molina Healthcare, Inc.*	13,100		249,162
National Healthcare Corp.	1,000		40,150
Nighthawk Radiology Holdings, Inc.*	20,500		55,350
Odyssey HealthCare, Inc.*	24,500		237,650
Owens & Minor, Inc.	3,600		119,268
PharMerica Corp.*	28,200		469,248
RehabCare Group, Inc.*	17,300		301,712
Res-Care, Inc.*	22,900		333,424
Skilled Healthcare Group, Inc., Class A*	16,800		137,928
Triple-S Management Corp., Class B*	13,600		167,552
Universal American Corp.*	37,500		317,625
			15,957,203
Health Care Technology (0.0%)
Computer Programs & Systems, Inc.	1,600		53,232
Vital Images, Inc.*	6,200		69,874
			123,106
Life Sciences Tools & Services (0.1%)
Affymetrix, Inc.*	31,400		102,678
Albany Molecular Research, Inc.*	14,000		132,020
Caliper Life Sciences, Inc.*	45,800		45,342
Cambrex Corp.*	12,300		28,044
Enzo Biochem, Inc.*	7,700		30,954
Nektar Therapeutics*	51,600		278,124
Varian, Inc.*	1,600		37,984
			655,146
Pharmaceuticals (0.3%)
Cypress Bioscience, Inc.*	6,800		48,348
Par Pharmaceutical Cos., Inc.*	32,900		311,563
Salix Pharmaceuticals Ltd.*	45,100		428,450

171

AXA PREMIER VIP TRUST

MULTIMANAGER SMALL CAP VALUE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Number of Shares	Value (Note 1)
Valeant Pharmaceuticals International*	30,800	$	547,932
ViroPharma, Inc.*	74,800		392,700
			1,728,993
Total Health Care			29,079,477
Industrials (22.2%)
Aerospace & Defense (0.6%)
AAR Corp.*	28,500		357,390
Applied Signal Technology, Inc.	8,800		178,024
Argon ST, Inc.*	1,700		32,249
Ceradyne, Inc.*	25,100		455,063
Cubic Corp.	14,400		364,752
Curtiss-Wright Corp.	6,600		185,130
Ducommun, Inc.	10,100		146,854
DynCorp International, Inc., Class A*	22,000		293,260
Esterline Technologies Corp.*	4,900		98,931
Herley Industries, Inc.*	8,600		102,856
Ladish Co., Inc.*	15,200		110,352
LMI Aerospace, Inc.*	3,300		23,892
Moog, Inc., Class A*	35,800		818,746
Triumph Group, Inc.	6,900		263,580
			3,431,079
Air Freight & Logistics (0.1%)
Atlas Air Worldwide Holdings, Inc.*	12,700		220,345
Dynamex, Inc.*	4,400		57,552
Hub Group, Inc., Class A*	12,500		212,500
Pacer International, Inc.	20,400		71,400
Park-Ohio Holdings Corp.*	8,100		26,406
			588,203
Airlines (0.9%)
AirTran Holdings, Inc.*	53,900		245,245
Alaska Air Group, Inc.*	34,100		599,137
Allegiant Travel Co.*	2,100		95,466
Hawaiian Holdings, Inc.*	5,700		21,261
JetBlue Airways Corp.*	164,500		600,425
Republic Airways Holdings, Inc.*	33,400		216,432
SkyWest, Inc.	274,200		3,411,048
U.S. Airways Group, Inc.*	108,400		274,252
UAL Corp.*	63,300		283,584
			5,746,850
Building Products (3.3%)
American Woodmark Corp.^	134,700		2,365,332
Ameron International Corp.	6,800		358,088
Apogee Enterprises, Inc.^	564,800		6,201,504
Builders FirstSource, Inc.*	17,800		35,956
Gibraltar Industries, Inc.^	395,700		1,867,704
Griffon Corp.*	50,600		379,500
Insteel Industries, Inc.	15,200		105,792
NCI Building Systems, Inc.*	18,900		41,958
Quanex Building Products Corp.	12,600		95,760
Simpson Manufacturing Co., Inc.	179,800		3,239,996
Trex Co., Inc.*	10,500		80,115
Universal Forest Products, Inc.	205,900		5,478,999
			20,250,704
Commercial Services & Supplies (3.2%)
ABM Industries, Inc.^	251,300		4,121,320
ACCO Brands Corp.*	52,300		51,254
Amrep Corp.*	1,600		25,120
ATC Technology Corp.*	20,200		226,240
Bowne & Co., Inc.	23,900		76,719
Casella Waste Systems, Inc., Class A*	13,000		22,230
Comfort Systems USA, Inc.	38,200		396,134
Consolidated Graphics, Inc.*	4,200		53,424
Copart, Inc.*	55,000		1,631,300
Cornell Cos., Inc.*	10,600		173,522
Courier Corp.	9,400		142,598
Deluxe Corp.	23,400		225,342
EnerNOC, Inc.*	8,400		122,136
Ennis, Inc.	23,900		211,754
G&K Services, Inc., Class A	17,100		323,361
GeoEye, Inc.*	15,600		308,100
Herman Miller, Inc.	24,200		257,972
HNI Corp.	38,700		402,480
ICT Group, Inc.*	2,700		15,039
Kimball International, Inc., Class B	30,500		200,080
Knoll, Inc.	5,000		30,650
M&F Worldwide Corp.*	10,600		124,126
McGrath RentCorp	7,200		113,472
Mine Safety Appliances Co.	177,100		3,545,542
Mobile Mini, Inc.*	263,000		3,029,760
Multi-Color Corp.	1,700		20,791
Schawk, Inc.	14,500		87,580
Standard Parking Corp.*	2,200		36,080
Standard Register Co.	10,000		45,800
Team, Inc.*	185,000		2,168,200
United Stationers, Inc.*	22,200		623,376
Viad Corp.	19,800		279,576
Waste Services, Inc.*	22,000		94,160
			19,185,238
Construction & Engineering (1.8%)
Chicago Bridge & Iron Co. N.V. (N.Y. Shares)	145,000		909,150
Dycom Industries, Inc.*	38,300		221,757
EMCOR Group, Inc.*^	131,700		2,261,289
Furmanite Corp.*	194,300		604,273
Granite Construction, Inc.	31,000		1,161,880
Great Lakes Dredge & Dock Corp.	36,000		108,360
Insituform Technologies, Inc., Class A*	34,400		538,016
Integrated Electrical Services, Inc.*	6,000		54,720
Layne Christensen Co.*	14,200		228,194
MasTec, Inc.*	4,400		53,196
Michael Baker Corp.*	6,000		156,000
Northwest Pipe Co.*	8,700		247,689
Orion Marine Group, Inc.*	295,000		3,864,500
Perini Corp.*	28,500		350,550
Pike Electric Corp.*	11,000		101,750
Sterling Construction Co., Inc.*	3,800		67,792
			10,929,116
Electrical Equipment (2.2%)
A. O. Smith Corp.	69,000		1,737,420
Acuity Brands, Inc.	5,300		119,462
AZZ, Inc.*	6,900		182,091
Baldor Electric Co.	43,900		636,111
Belden, Inc.	30,900		386,559
Brady Corp., Class A^	196,800		3,469,584
Encore Wire Corp.	17,400		372,882
EnerSys*	18,500		224,220
Franklin Electric Co., Inc.	93,600		2,071,368
GrafTech International Ltd.*	20,200		124,432
GT Solar International, Inc.*	9,800		65,072
LSI Industries, Inc.	17,900		92,543
Plug Power, Inc.*	97,800		85,086
Powell Industries, Inc.*	29,700		1,048,707
Power-One, Inc.*	67,800		59,664
Preformed Line Products Co.	2,300		86,572
Regal-Beloit Corp.	30,100		922,264
Roper Industries, Inc.^	35,000		1,485,750
Valence Technology, Inc.*	6,300		13,419

172

AXA PREMIER VIP TRUST

MULTIMANAGER SMALL CAP VALUE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Number of Shares	Value (Note 1)
Woodward Governor Co.	11,900	$	133,042
			13,316,248
Industrial Conglomerates (0.7%)
Carlisle Cos., Inc.	140,000		2,748,200
Otter Tail Corp.	32,800		723,240
Seaboard Corp.	300		303,000
Standex International Corp.	12,000		110,400
Tredegar Corp.	22,900		373,957
United Capital Corp.*	1,800		31,050
			4,289,847
Machinery (5.3%)
Actuant Corp., Class A	5,400		55,782
Alamo Group, Inc.	6,000		63,960
Albany International Corp., Class A	28,300		256,115
American Railcar Industries, Inc.	2,500		19,075
Ampco-Pittsburgh Corp.	2,200		29,172
Astec Industries, Inc.*^	37,800		991,494
Badger Meter, Inc.	1,100		31,779
Blount International, Inc.*	35,800		165,396
Briggs & Stratton Corp.^	181,100		2,988,150
Cascade Corp.	8,700		153,381
CIRCOR International, Inc.	53,700		1,209,324
CLARCOR, Inc.	17,900		450,901
CNH Global N.V.^	30,000		311,400
Columbus McKinnon Corp.*	16,200		141,264
Commercial Vehicle Group, Inc.*	9,600		5,280
Energy Recovery, Inc.*	4,900		37,240
EnPro Industries, Inc.*	17,000		290,700
Federal Signal Corp.	45,900		241,893
Force Protection, Inc.*	27,400		131,520
FreightCar America, Inc.	10,100		177,053
Gardner Denver, Inc.*	100,000		2,174,000
Graco, Inc.^	151,700		2,589,519
Greenbrier Cos., Inc.	15,900		58,194
Hurco Cos., Inc.*	6,300		66,969
Kadant, Inc.*	12,400		142,848
Kennametal, Inc.	140,000		2,269,400
L.B. Foster Co., Class A*	9,800		243,334
Lincoln Electric Holdings, Inc.^	70,700		2,240,483
Lydall, Inc.*	16,200		48,114
Mueller Industries, Inc.	227,000		4,923,630
Mueller Water Products, Inc., Class A	109,500		361,350
NACCO Industries, Inc., Class A	5,700		154,926
Nordson Corp.^	87,000		2,473,410
Robbins & Myers, Inc.	11,100		168,387
Tecumseh Products Co., Class A*	15,700		70,964
Thermadyne Holdings Corp.*	10,200		21,624
Timken Co.	43,100		601,676
Trimas Corp.*	17,300		30,275
Trinity Industries, Inc.^	205,000		1,873,700
Twin Disc, Inc.	7,600		52,592
Wabash National Corp.^	468,900		576,747
Wabtec Corp.	6,100		160,918
Watts Water Technologies, Inc., Class A	142,800		2,793,168
			31,847,107
Marine (0.5%)
International Shipholding Corp.	5,500		108,185
Kirby Corp.*	115,000		3,063,600
Ultrapetrol Bahamas Ltd.*	22,000		59,400
			3,231,185
Professional Services (0.6%)
CDI Corp.	11,000		106,920
COMSYS IT Partners, Inc.*	14,100		31,161
CRA International, Inc.*	4,100		77,408
Exponent, Inc.*	4,100		103,853
First Advantage Corp., Class A*	9,900		136,422
Heidrick & Struggles International, Inc.	16,400		290,936
ICF International, Inc.*	6,100		140,117
Kelly Services, Inc., Class A	25,100		202,055
Kforce, Inc.*	24,400		171,532
Korn/Ferry International*	41,100		372,366
LECG Corp.*	15,900		40,386
MPS Group, Inc.*	89,800		534,310
Odyssey Marine Exploration, Inc.*	10,100		34,239
On Assignment, Inc.*	34,000		92,140
School Specialty, Inc.*	18,000		316,620
Spherion Corp.*	25,700		53,456
TrueBlue, Inc.*	38,200		315,150
Volt Information Sciences, Inc.*	12,300		81,795
Watson Wyatt Worldwide, Inc., Class A	13,300		656,621
			3,757,487
Road & Rail (2.4%)
Amerco, Inc.*	8,900		298,417
Arkansas Best Corp.	21,500		408,930
Celadon Group, Inc.*	20,900		115,995
Dollar Thrifty Automotive Group, Inc.*	7,900		9,164
Genesee & Wyoming, Inc., Class A*	263,100		5,590,875
Heartland Express, Inc.	18,700		276,947
Kansas City Southern*^	44,000		559,240
Marten Transport Ltd.*	14,600		272,728
Old Dominion Freight Line, Inc.*	7,800		183,222
Patriot Transportation Holding, Inc.*	1,500		93,480
Saia, Inc.*	312,900		3,739,155
Universal Truckload Services, Inc.	4,600		65,964
Vitran Corp., Inc.*	377,050		1,983,283
Werner Enterprises, Inc.	39,500		597,240
YRC Worldwide, Inc.*	54,600		245,154
			14,439,794
Trading Companies & Distributors (0.6%)
Aceto Corp.	22,000		131,120
Aircastle Ltd.	44,800		208,320
Applied Industrial Technologies, Inc.^	98,200		1,656,634
Beacon Roofing Supply, Inc.*	22,400		299,936
H&E Equipment Services, Inc.*	15,800		103,490
Interline Brands, Inc.*	30,200		254,586
Kaman Corp.	22,800		285,912
Lawson Products, Inc.	4,100		49,897
Rush Enterprises, Inc., Class A*	32,100		286,332
TAL International Group, Inc.	10,100		73,932
Textainer Group Holdings Ltd.	5,400		36,450
Watsco, Inc.	10,400		353,912
			3,740,521
Total Industrials			134,753,379
Information Technology (8.1%)
Communications Equipment (1.4%)
3Com Corp.*	379,700		1,173,273
ADTRAN, Inc.	23,400		379,314
Airvana, Inc.*	3,200		18,720
Anaren, Inc.*	14,000		153,160
Arris Group, Inc.*	114,200		841,654
Avocent Corp.*	42,600		517,164
Bel Fuse, Inc., Class B	10,600		142,464
Black Box Corp.	16,700		394,287
Bookham, Inc.*	95,000		40,850

173

AXA PREMIER VIP TRUST

MULTIMANAGER SMALL CAP VALUE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Number of Shares	Value (Note 1)
DG FastChannel, Inc.*	1,900	$	35,663
Digi International, Inc.*	20,300		155,701
EMS Technologies, Inc.*	14,900		260,154
Emulex Corp.*	80,400		404,412
Extreme Networks, Inc.*	81,200		123,424
Globecomm Systems, Inc.*	6,700		38,793
Harmonic, Inc.*	49,600		322,400
Harris Stratex Networks, Inc., Class A*	24,500		94,325
Ixia*	16,600		85,822
Loral Space & Communications, Inc.*	10,800		230,688
MRV Communications, Inc.*	137,700		42,687
NETGEAR, Inc.*	28,100		338,605
Oplink Communications, Inc.*	12,700		97,790
Opnext, Inc.*	5,800		9,918
Palm, Inc.*	15,100		130,162
PC-Tel, Inc.	7,100		30,530
Plantronics, Inc.	46,700		563,669
Polycom, Inc.*	6,200		95,418
Powerwave Technologies, Inc.*	128,400		76,270
SeaChange International, Inc.*	28,900		165,308
ShoreTel, Inc.*	7,400		31,894
Sycamore Networks, Inc.*	163,000		435,210
Symmetricom, Inc.*	44,100		154,350
Tekelec*	53,800		711,774
UTStarcom, Inc.*	97,100		75,738
ViaSat, Inc.*	19,200		399,744
			8,771,335
Computers & Peripherals (0.4%)
Adaptec, Inc.*	112,500		270,000
Avid Technology, Inc.*	28,800		263,232
Cray, Inc.*	22,400		78,400
Diebold, Inc.	35,000		747,250
Electronics for Imaging, Inc.*	50,100		490,980
Hutchinson Technology, Inc.*	22,900		59,540
Hypercom Corp.*	19,700		18,912
Imation Corp.	28,500		218,025
Immersion Corp.*	13,100		38,383
Intevac, Inc.*	20,900		108,889
Novatel Wireless, Inc.*	17,100		96,102
Quantum Corp.*	98,700		66,129
Rackable Systems, Inc.*	25,300		102,718
Rimage Corp.*	8,700		116,145
Super Micro Computer, Inc.*	4,500		22,140
			2,696,845
Electronic Equipment, Instruments & Components (2.5%)
Agilysys, Inc.	21,400		92,020
Anixter International, Inc.*	25,400		804,672
Benchmark Electronics, Inc.*	431,600		4,833,920
Brightpoint, Inc.*	47,700		204,156
Checkpoint Systems, Inc.*	37,800		339,066
Cogent, Inc.*	16,500		196,350
Coherent, Inc.*	22,500		388,125
CPI International, Inc.*	8,400		78,960
CTS Corp.	32,300		116,603
Electro Rent Corp.	19,900		191,836
Electro Scientific Industries, Inc.*	25,000		148,000
Gerber Scientific, Inc.*	23,100		55,209
ICx Technologies, Inc.*	5,700		23,085
Insight Enterprises, Inc.*	44,800		137,088
L-1 Identity Solutions, Inc.*	60,800		310,688
Littelfuse, Inc.*	11,700		128,583
Measurement Specialties, Inc.*	14,000		57,260
Mercury Computer Systems, Inc.*	21,100		116,683
Methode Electronics, Inc.	36,400		130,312
Mettler-Toledo International, Inc.*^	52,000		2,669,160
MTS Systems Corp.	11,000		250,250
Multi-Fineline Electronix, Inc.*	1,400		23,576
Newport Corp.*	34,400		152,048
OSI Systems, Inc.*	3,200		48,832
Park Electrochemical Corp.	3,700		63,936
PC Connection, Inc.*	9,300		35,340
Plexus Corp.*	3,500		48,370
RadiSys Corp.*	21,600		130,896
Rofin-Sinar Technologies, Inc.*^	102,500		1,652,300
Rogers Corp.*	14,700		277,536
Sanmina-SCI Corp.*	352,200		107,421
Scansource, Inc.*	6,200		115,196
SMART Modular Technologies (WWH), Inc.*	42,100		58,098
SYNNEX Corp.*	16,600		326,522
Technitrol, Inc.	37,000		63,270
TTM Technologies, Inc.*	35,700		207,060
Zygo Corp.*	14,300		65,637
			14,648,064
Internet Software & Services (0.3%)
DealerTrack Holdings, Inc.*	10,300		134,930
InfoSpace, Inc.*	14,000		72,800
Internap Network Services Corp.*	24,400		65,636
Internet Brands, Inc., Class A*	12,100		71,027
Internet Capital Group, Inc.*	14,500		58,435
Keynote Systems, Inc.*	10,800		85,644
Limelight Networks, Inc.*	12,800		42,880
ModusLink Global Solutions, Inc.*	43,100		111,629
Perficient, Inc.*	30,200		163,080
Rackspace Hosting, Inc.*	5,100		38,199
RealNetworks, Inc.*	49,200		114,636
S1 Corp.*	11,200		57,680
SonicWALL, Inc.*	45,200		201,592
SupportSoft, Inc.*	13,800		26,496
TheStreet.com, Inc.	9,600		18,912
United Online, Inc.	73,600		328,256
Vignette Corp.*	11,200		74,816
Web.com Group, Inc.*	20,100		66,732
Websense, Inc.*	4,300		51,600
			1,784,980
IT Services (0.8%)
Acxiom Corp.	57,800		427,720
CACI International, Inc., Class A*	22,300		813,727
CIBER, Inc.*	59,600		162,708
CSG Systems International, Inc.*	15,300		218,484
Euronet Worldwide, Inc.*	44,900		586,394
Gevity HR, Inc.	24,000		94,800
Global Cash Access Holdings, Inc.*	15,000		57,300
infoGROUP, Inc.*	31,800		132,288
MAXIMUS, Inc.	14,200		566,012
Ness Technologies, Inc.*	34,100		100,595
Perot Systems Corp., Class A*	81,000		1,043,280
Safeguard Scientifics, Inc.*	102,400		56,320
SRA International, Inc., Class A*	18,800		276,360
TNS, Inc.*	3,100		25,358
VeriFone Holdings, Inc.*	31,300		212,840
Virtusa Corp.*	3,100		19,220
Wright Express Corp.*	2,300		41,906
			4,835,312
Semiconductors & Semiconductor Equipment (1.7%)
Actel Corp.*	22,900		231,748
Advanced Energy Industries, Inc.*	24,800		186,744
Amkor Technology, Inc.*	91,300		244,684
Applied Micro Circuits Corp.*	42,200		205,092

174

AXA PREMIER VIP TRUST

MULTIMANAGER SMALL CAP VALUE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Number of Shares	Value (Note 1)
Axcelis Technologies, Inc.*	103,000	$	39,140
Brooks Automation, Inc.*	59,600		274,756
CEVA, Inc.*	5,300		38,584
Cirrus Logic, Inc.*	20,900		78,584
Cohu, Inc.	266,700		1,920,240
Cymer, Inc.*	21,800		485,268
DSP Group, Inc.*	22,100		95,472
Entegris, Inc.*	100,200		86,172
Exar Corp.*	32,400		202,176
FEI Co.*	34,700		535,421
FormFactor, Inc.*	18,400		331,568
IXYS Corp.	6,200		49,972
Kopin Corp.*	55,100		127,832
Lattice Semiconductor Corp.*	54,500		75,210
LTX-Credence Corp.*	106,100		29,708
Mattson Technology, Inc.*	48,300		40,620
MIPS Technologies, Inc.*	37,400		109,582
MKS Instruments, Inc.*	43,500		638,145
OmniVision Technologies, Inc.*	171,500		1,152,480
Photronics, Inc.*	40,600		38,976
PMC-Sierra, Inc.*	83,300		531,454
RF Micro Devices, Inc.*	251,200		334,096
Rudolph Technologies, Inc.*	26,500		80,295
Semtech Corp.*	3,400		45,390
Sigma Designs, Inc.*	4,500		55,980
Silicon Storage Technology, Inc.*	74,800		123,420
SiRF Technology Holdings, Inc.*	59,300		136,390
Skyworks Solutions, Inc.*	49,000		394,940
Standard Microsystems Corp.*	9,700		180,420
Trident Microsystems, Inc.*	35,800		52,268
TriQuint Semiconductor, Inc.*	137,000		338,390
Ultra Clean Holdings, Inc.*	19,000		20,330
Veeco Instruments, Inc.*	5,700		38,019
Zoran Corp.*	49,400		434,720
			9,984,286
Software (1.0%)
American Software, Inc., Class A	7,700		40,579
Ariba, Inc.*	11,600		101,268
Blackbaud, Inc.	3,300		38,313
Bottomline Technologies, Inc.*	21,100		138,838
Epicor Software Corp.*	56,800		216,408
EPIQ Systems, Inc.*	11,400		205,542
Fair Isaac Corp.	45,200		635,964
i2 Technologies, Inc.*	15,100		119,290
Jack Henry & Associates, Inc.	5,400		88,128
JDA Software Group, Inc.*	22,800		263,340
Kenexa Corp.*	5,000		26,950
Macrovision Solutions Corp.*	71,500		1,271,985
Mentor Graphics Corp.*	80,900		359,196
Monotype Imaging Holdings, Inc.*	2,300		8,602
MSC.Software Corp.*	40,100		226,164
NetScout Systems, Inc.*	4,500		32,220
OpenTV Corp., Class A*	69,900		105,549
Parametric Technology Corp.*	5,800		57,884
Progress Software Corp.*	3,700		64,232
Quest Software, Inc.*	62,200		788,696
Smith Micro Software, Inc.*	5,200		27,196
Sourcefire, Inc.*	4,500		32,760
Sybase, Inc.*	11,900		360,451
Symyx Technologies, Inc.*	15,500		68,975
THQ, Inc.*	20,100		61,104
TIBCO Software, Inc.*	163,700		960,919
			6,300,553
Total Information Technology			49,021,375
Materials (7.3%)
Chemicals (3.5%)
A. Schulman, Inc.	25,800		349,590
Airgas, Inc.	106,900		3,614,289
American Vanguard Corp.	1,500		19,350
Arch Chemicals, Inc.	15,600		295,776
Cabot Corp.^	119,400		1,254,894
GenTek, Inc.*	2,200		38,478
H.B. Fuller Co.	224,900		2,923,700
ICO, Inc.*	16,900		34,814
Innophos Holdings, Inc.	4,900		55,272
Innospec, Inc.	8,900		33,553
Koppers Holdings, Inc.	18,600		270,072
LSB Industries, Inc.*	5,800		57,362
Minerals Technologies, Inc.	9,700		310,885
NL Industries, Inc.	2,800		28,000
Olin Corp.	71,000		1,013,170
OM Group, Inc.*	29,100		562,212
Penford Corp.	10,800		39,204
PolyOne Corp.*	89,200		206,052
Rockwood Holdings, Inc.*	39,800		316,012
RPM International, Inc.^	303,000		3,857,190
Sensient Technologies Corp.	45,000		1,057,500
Solutia, Inc.*	21,000		39,270
Spartech Corp.	29,400		72,324
Stepan Co.	3,600		98,280
W.R. Grace & Co.*	16,100		101,752
Westlake Chemical Corp.^	298,400		4,365,592
			21,014,593
Construction Materials (0.0%)
Headwaters, Inc.*	34,300		107,702
U.S. Concrete, Inc.*	34,500		69,000
United States Lime & Minerals, Inc.*	1,000		27,360
			204,062
Containers & Packaging (0.6%)
AptarGroup, Inc.	71,000		2,210,940
Boise, Inc.*	47,500		28,975
Myers Industries, Inc.	11,800		72,452
Rock-Tenn Co., Class A	22,600		611,330
Silgan Holdings, Inc.	11,900		625,226
			3,548,923
Metals & Mining (2.7%)
A.M. Castle & Co.	15,900		141,828
Allied Nevada Gold Corp.*	6,200		36,270
AMCOL International Corp.	16,500		244,860
Brush Engineered Materials, Inc.*	19,600		271,852
China Precision Steel, Inc.*	8,700		10,179
Coeur d’Alene Mines Corp.*	525,000		493,500
Commercial Metals Co.	190,000		2,194,500
Compass Minerals International, Inc.	14,400		811,728
Gerdau Ameristeel Corp.	461,000		1,415,270
Haynes International, Inc.*	8,500		151,470
Hecla Mining Co.*	204,400		408,800
Horsehead Holding Corp.*	33,600		184,800
Kaiser Aluminum Corp.	15,000		346,800
Olympic Steel, Inc.	2,200		33,374
Reliance Steel & Aluminum Co.	156,000		4,107,480
Royal Gold, Inc.	27,400		1,281,224
RTI International Metals, Inc.*	21,900		256,230
Steel Dynamics, Inc.^	358,200		3,155,742
Stillwater Mining Co.*	27,500		101,750
United States Steel Corp.^	16,000		338,080
Universal Stainless & Alloy Products, Inc.*	5,900		57,053

175

AXA PREMIER VIP TRUST

MULTIMANAGER SMALL CAP VALUE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Number of Shares		Value (Note 1)
Worthington Industries, Inc.		50,200	$	437,242
				16,480,032
Paper & Forest Products (0.5%)
AbitibiBowater, Inc.*		52,900		29,095
Buckeye Technologies, Inc.*		37,700		80,301
Clearwater Paper Corp.*		6,900		55,407
Glatfelter		308,200		1,923,168
KapStone Paper and Packaging Corp.*		17,900		44,034
Louisiana-Pacific Corp.		98,900		220,547
Mercer International, Inc.*		28,100		18,546
Neenah Paper, Inc.		13,700		49,731
Schweitzer-Mauduit International, Inc.		15,000		276,900
Wausau Paper Corp.		42,100		221,446
				2,919,175
Total Materials				44,166,785
Telecommunication Services (0.7%)
Diversified Telecommunication Services (0.6%)
Alaska Communications Systems Group, Inc.		20,200		135,340
Atlantic Tele-Network, Inc.		9,000		172,620
Cincinnati Bell, Inc.*		219,900		505,770
Consolidated Communications Holdings, Inc.		14,000		143,640
FairPoint Communications, Inc.		85,200		66,456
General Communication, Inc., Class A*		41,000		273,880
Global Crossing Ltd.*		17,100		119,700
Globalstar, Inc.*		67,200		23,520
iBasis, Inc.*		27,400		18,358
Iowa Telecommunications Services, Inc.		26,900		308,274
PAETEC Holding Corp.*		30,500		43,920
Premiere Global Services, Inc.*		148,600		1,310,652
Shenandoah Telecommunications Co.		2,300		52,440
tw telecom, Inc.*		17,300		151,375
				3,325,945
Wireless Telecommunication Services (0.1%)
Centennial Communications Corp.*		9,400		77,644
FiberTower Corp.*		158,200		31,640
ICO Global Communications Holdings Ltd.*		65,700		22,995
iPCS, Inc.*		11,300		109,723
Syniverse Holdings, Inc.*		25,500		401,880
TerreStar Corp.*		45,300		25,368
USA Mobility, Inc.		18,300		168,543
				837,793
Total Telecommunication Services				4,163,738
Utilities (5.4%)
Electric Utilities (2.2%)
Allete, Inc.		26,400		704,616
Central Vermont Public Service Corp.		11,100		192,030
Cleco Corp.		56,400		1,223,316
El Paso Electric Co.*		41,600		586,144
Empire District Electric Co.		32,200		464,968
IDACORP, Inc.		42,400		990,464
MGE Energy, Inc.		21,000		658,770
NV Energy, Inc.		440,000		4,131,600
Portland General Electric Co.		70,700		1,243,613
UIL Holdings Corp.		24,000		535,680
UniSource Energy Corp.		32,200		907,718
Westar Energy, Inc.		98,400		1,724,952
				13,363,871
Gas Utilities (2.3%)
Atmos Energy Corp.		60,000		1,387,200
Chesapeake Utilities Corp.		6,600		201,168
Energen Corp.		86,000		2,505,180
Laclede Group, Inc.		20,300		791,294
New Jersey Resources Corp.		39,400		1,338,812
Nicor, Inc.		42,300		1,405,629
Northwest Natural Gas Co.		24,800		1,076,816
Piedmont Natural Gas Co., Inc.		68,900		1,783,821
South Jersey Industries, Inc.		28,200		987,000
Southwest Gas Corp.		40,300		849,121
WGL Holdings, Inc.		46,500		1,525,200
				13,851,241
Multi-Utilities (0.6%)
Avista Corp.		49,400		680,732
Black Hills Corp.		35,700		638,673
CH Energy Group, Inc.		14,700		689,430
NorthWestern Corp.		33,400		717,432
PNM Resources, Inc.		80,300		663,278
				3,389,545
Water Utilities (0.3%)
American States Water Co.		16,400		595,648
California Water Service Group		18,300		766,038
Connecticut Water Service, Inc.		8,000		162,240
Middlesex Water Co.		11,800		169,920
SJW Corp.		11,300		287,359
Southwest Water Co.		23,600		101,480
				2,082,685
Total Utilities				32,687,342
Total Common Stocks (98.6%)
(Cost $913,067,792)				598,596,770
INVESTMENT COMPANY:
Exchange Traded Fund (ETF) (0.0%)
Kayne Anderson Energy Development Co.
(Cost $118,660)		9,700		90,598
	Number of Rights		Value (Note 1)
RIGHTS:
Financials (0.0%)
Insurance (0.0%)
United America Indemnity Ltd., expiring 4/6/09*
(Cost $—)		16,700		2,058
	Principal Amount		Value (Note 1)
SHORT-TERM INVESTMENTS:
Government Securities (0.1%)
U.S. Treasury Bills
0.18%, 6/11/09 #(p)	$	410,000		409,853
Short-Term Investments of Cash Collateral for Securities Loaned (5.2%)
Banco de Sabadell S.A.
1.17%, 4/23/09 (l)		1,690,000		1,690,000

176

AXA PREMIER VIP TRUST

MULTIMANAGER SMALL CAP VALUE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Principal Amount		Value (Note 1)
BBVA Senior Finance S.A.
1.38%, 3/12/10 (l)	$	1,240,000	$	1,217,927
Deutsche Bank Securities, Inc., Repurchase Agreement
0.25%, 4/1/09 (r)(u)		16,085,951		16,085,951
General Electric Capital Corp.
0.40%, 3/12/10 (l)		230,000		217,405
K2 (USA) LLC
0.37%, 5/29/09 (l)		2,259,845		2,259,845
0.37%, 6/18/09 (l)		2,819,791		2,810,370
Lehman Brothers Holdings, Inc.
0.00%, 8/21/09 (h)(s)		1,409,991		169,199
Links Finance LLC
0.37%, 6/25/09 (l)		849,947		846,277
Monumental Global Funding II
0.43%, 5/26/10 (l)		2,650,000		2,252,499
Morgan Stanley
0.46%, 5/7/09 (l)		2,820,000		2,820,000
Pricoa Global Funding I
0.40%, 6/25/10 (l)		1,689,788		1,525,225
Total Short-Term Investments of Cash Collateral for Securities Loaned				31,894,698
Time Deposit (1.5%)
JPMorgan Chase Nassau
0.004%, 4/1/09		9,255,962		9,255,962
Total Short-Term Investments (6.8%)
(Cost/Amortized Cost $43,411,089)				41,560,513
Total Investments (105.4%)
(Cost/Amortized Cost $956,597,541)				640,249,939
Other Assets Less Liabilities (-5.4%)				(32,781,921	)
Net Assets (100%)			$	607,468,018

*	Non-income producing.
^	All, or a portion of security out on loan (See Note 1).
†	Securities (totaling $145 or 0.0% of net assets) at fair value.
‡	Affiliated company as defined under the Investment Company Act of 1940.
#	All, or a portion of security held by broker as collateral for financial futures contracts.
(b)	Illiquid Security.
(h)	Security in default.
(l)	Floating Rate Security. Rate disclosed is as of March 31, 2009.
(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.
(s)	Issuer in bankruptcy.
(u)	Represents the Portfolio s undivided interest in a joint repurchase agreement. The repurchase agreement was fully collateralized by U.S. government agency securities at the date of this Portfolio of Investments as follows: Federal Home Loan Mortgage Corp., 0.000% – 7.500%, maturing 1/15/15 – 6/15/38; Federal National Mortgage Association, 5.000% – 7.000%, maturing 10/1/36 – 12/1/38.

Investments in companies which were affiliates for the three months ended March 31, 2009, were as follows:

Securities	Market Value December 31, 2008		Purchases at Cost		Sales at Cost		Market Value March 31, 2009		Dividend Income		Realized Loss
America Service Group, Inc.	$	5,350,00	$	5,121,513	$	—	$	6,500,000	$	—	$	—

At March 31, 2009 the Portfolio had the following futures contracts open: (Note 1)

Purchase	Number of Contracts	Expiration Date	Original Value		Value at 3/31/2009		Unrealized Appreciation
Russell 2000 Mini Index	68	June-09	$	2,464,582	$	2,864,840	$	400,258

177

AXA PREMIER VIP TRUST

MULTIMANAGER SMALL CAP VALUE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

Various inputs are used in determining the value of the Portfolio’s investments. These inputs are summarized in the three broad levels listed below:

• Level 1 - Quoted prices in active markets for identical securities

• Level 2 - Significant other observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)

• Level 3 - Significant unobservable inputs (including the Portfolio’s own assumptions in determining the fair value of investments)

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, money market securities are valued using amortized cost, in accordance with rules under the Investment Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active market, such securities are reflected as Level 2.

The following is a summary of the inputs used to value the Portfolio’s net assets as of March 31, 2009:

Description	Quoted Prices in Active Markets for Identical Securities (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Assets
Investments in Securities	$	598,687,223	$	41,562,571	$	145	$	640,249,939
Other Investments*		400,258		—		—		400,258
Total	$	599,087,481	$	41,562,571	$	145	$	640,650,197
Liabilities
Investments in Securities	$	—	$	—	$	—	$	—
Other Investments*		—		—		—		—
Total	$	—	$	—	$	—	$	—

Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:

	Investments in Securities		Other Investments*
Balance as of 12/31/08	$	—	$	—
Total gains or losses (realized/unrealized) included in earnings		145		—
Purchases, sales, issuances, and settlements (net)		—		—
Transfers in and/or out of Level 3		—		—
Balance as of 3/31/09	$	145	$	—
The amount of total gains or losses for the year included in earnings attributable to the change in unrealized gains or losses relating to assets and liabilities still held at period ending 3/31/09.	$	145	$	—

* Other investments are derivative instruments, such as futures, forwards and written options, which are valued at the unrealized appreciation/depreciation on the instrument.

Investment security transactions for the three months ended March 31, 2009 were as follows:

Cost of Purchases:
Stocks and long-term corporate debt securities	$	319,378,931
Net Proceeds of Sales and Redemptions:
Stocks and long-term corporate debt securities	$	309,761,452
As of March 31, 2009, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investments for Federal income tax purposes was as follows:
Aggregate gross unrealized appreciation	$	13,432,482
Aggregate gross unrealized depreciation		(342,459,172	)
Net unrealized depreciation	$	(329,026,690	)
Federal income tax cost of investments	$	969,276,629

178

AXA PREMIER VIP TRUST

MULTIMANAGER SMALL CAP VALUE PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

At March 31, 2009, the Portfolio had loaned securities with a total value of $33,206,767. This was secured by collateral of $33,745,312, which was received as cash and subsequently invested in short-term investments currently valued at $31,894,698, as reported in the portfolio of investments.

The Portfolio has a net capital loss carryforward of $237,764,301, which expires in the year 2016.

See Notes to Portfolio of Investments.

179

AXA PREMIER VIP TRUST

MULTIMANAGER TECHNOLOGY PORTFOLIO

PORTFOLIO OF INVESTMENTS

March 31, 2009 (Unaudited)

	Number of Shares	Value (Note 1)
COMMON STOCKS:
Consumer Discretionary (2.7%)
Diversified Consumer Services (0.1%)
Apollo Group, Inc., Class A*	1,170	$	91,646
ITT Educational Services, Inc.*^	1,705		207,021
			298,667
Internet & Catalog Retail (1.7%)
Amazon.com, Inc.*	65,785		4,831,251
Expedia, Inc.*^	27,200		246,976
Netflix, Inc.*^	5,400		231,768
NutriSystem, Inc.^	3,700		52,799
priceline.com, Inc.*^	5,300		417,534
			5,780,328
Media (0.8%)
Comcast Corp., Class A	95,190		1,298,392
DIRECTV Group, Inc.*	60,641		1,382,008
			2,680,400
Specialty Retail (0.1%)
Best Buy Co., Inc.^	11,300		428,948
Total Consumer Discretionary			9,188,343
Energy (0.0%)
Energy Equipment & Services (0.0%)
Diamond Offshore Drilling, Inc.^	378		23,761
Weatherford International Ltd.*	2,272		25,151
Total Energy			48,912
Industrials (1.9%)
Aerospace & Defense (0.2%)
Lockheed Martin Corp.	2,572		177,545
Northrop Grumman Corp.	5,114		223,175
Raytheon Co.	4,133		160,939
			561,659
Electrical Equipment (1.4%)
ABB Ltd. (Registered)*	87,465		1,220,353
First Solar, Inc.*^	14,189		1,882,881
SunPower Corp., Class B*^	46,382		918,364
Suntech Power Holdings Co., Ltd. (ADR)*^	74,725		873,535
			4,895,133
Industrial Conglomerates (0.1%)
Koninklijke Philips Electronics N.V. (N.Y. Shares)	29,631		440,613
Machinery (0.1%)
Flowserve Corp.	5,987		335,990
Professional Services (0.1%)
Manpower, Inc.	5,820		183,505
Total Industrials			6,416,900
Information Technology (91.4%)
Communications Equipment (16.0%)
3Com Corp.*	49,700		153,573
ADC Telecommunications, Inc.*^	12,000		52,680
ADTRAN, Inc.^	6,800		110,228
Arris Group, Inc.*^	15,300		112,761
Avocent Corp.*	5,600		67,984
Brocade Communications Systems, Inc.*	48,400		166,980
Ciena Corp.*^	11,200		87,136
Cisco Systems, Inc.*	1,058,674		17,753,963
CommScope, Inc.*	9,300		105,648
Comtech Telecommunications Corp.*	3,500		86,695
Corning, Inc.^	425,051		5,640,427
EchoStar Corp., Class A*^	5,300		78,599
Emulex Corp.*	10,200		51,306
F5 Networks, Inc.*^	10,300		215,785
Harris Corp.	17,200		497,768
Infinera Corp.*^	11,700		86,580
InterDigital, Inc.*	5,600		144,592
JDS Uniphase Corp.*^	26,700		86,775
Juniper Networks, Inc.*^	100,830		1,518,500
Motorola, Inc.	291,600		1,233,468
Nice Systems Ltd. (ADR)*	36,529		908,111
Nokia Oyj (ADR)	78,892		920,670
Polycom, Inc.*^	10,800		166,212
QUALCOMM, Inc.	481,718		18,743,646
Research In Motion Ltd.*	87,325		3,761,088
Riverbed Technology, Inc.*^	135,710		1,775,087
Sonus Networks, Inc.*	33,700		52,909
Sycamore Networks, Inc.*^	23,600		63,012
Tekelec*	8,600		113,778
Telefonaktiebolaget LM Ericsson (ADR)	34,500		279,105
Tellabs, Inc.*	51,600		236,328
			55,271,394
Computers & Peripherals (23.7%)
Apple, Inc.*	203,695		21,412,418
Avid Technology, Inc.*	3,800		34,732
Data Domain, Inc.*^	63,121		793,431
Dell, Inc.*	367,605		3,484,895
Diebold, Inc.	8,600		183,610
Electronics for Imaging, Inc.*^	5,800		56,840
EMC Corp.*	491,079		5,598,301
Hewlett-Packard Co.	606,935		19,458,336
HTC Corp.	15,000		185,699
Imation Corp.^	3,700		28,305
Intermec, Inc.*^	6,100		63,440
International Business Machines Corp.	243,101		23,554,056
Lexmark International, Inc., Class A*	10,200		172,074
NCR Corp.*	20,500		162,975
NetApp, Inc.*	77,992		1,157,401
QLogic Corp.*	15,300		170,136
SanDisk Corp.*^	135,550		1,714,708
Seagate Technology	169,588		1,019,224
Sun Microsystems, Inc.*	95,800		701,256
Synaptics, Inc.*^	4,500		120,420
Teradata Corp.*	22,300		361,706
Western Digital Corp.*	79,860		1,544,492
			81,978,455
Electronic Equipment, Instruments & Components (2.0%)
Agilent Technologies, Inc.*	44,900		690,113
Amphenol Corp., Class A^	29,412		837,948
Anixter International, Inc.*^	3,800		120,384
Arrow Electronics, Inc.*	15,400		293,524
Avnet, Inc.*	19,500		341,445
AVX Corp.^	6,100		55,388
Benchmark Electronics, Inc.*^	8,100		90,720
Celestica, Inc.*	24,800		88,288
Cogent, Inc.*^	4,700		55,930
Dolby Laboratories, Inc., Class A*^	6,600		225,126
FLIR Systems, Inc.*	19,400		397,312
Hon Hai Precision Industry Co., Ltd.	196,897		446,678
Hon Hai Precision Industry Co., Ltd. (GDR)	51,453		229,900
Ingram Micro, Inc., Class A*	20,500		259,120
Itron, Inc.*^	4,800		227,280

180

AXA PREMIER VIP TRUST

MULTIMANAGER TECHNOLOGY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Number of Shares	Value (Note 1)
Jabil Circuit, Inc.	27,400	$	152,344
L-1 Identity Solutions, Inc.*	125,719		642,424
Mettler-Toledo International, Inc.*^	4,300		220,719
Molex, Inc.^	17,500		240,450
National Instruments Corp.^	7,400		138,010
Plexus Corp.*^	4,800		66,336
Rofin-Sinar Technologies, Inc.*^	3,600		58,032
Tech Data Corp.*^	6,500		141,570
Trimble Navigation Ltd.*^	15,500		236,840
Tyco Electronics Ltd.^	58,900		650,256
Vishay Intertechnology, Inc.*	23,100		80,388
			6,986,525
Internet Software & Services (9.0%)
Akamai Technologies, Inc.*^	22,200		430,680
Baidu.com (ADR)*^	6,345		1,120,527
DealerTrack Holdings, Inc.*	5,000		65,500
Digital River, Inc.*^	4,900		146,118
EarthLink, Inc.*	13,400		88,038
eBay, Inc.*	138,600		1,740,816
Equinix, Inc.*^	36,521		2,050,654
Google, Inc., Class A*	50,714		17,651,515
IAC/InterActiveCorp*	11,900		181,237
j2 Global Communications, Inc.*^	5,500		120,395
NetEase.com, Inc. (ADR)*^	75,290		2,021,537
Omniture, Inc.*^	8,900		117,391
Open Text Corp.*	6,700		230,748
RealNetworks, Inc.*^	10,500		24,465
SAVVIS, Inc.*	4,700		29,093
Tencent Holdings Ltd.	67,300		500,049
ValueClick, Inc.*	10,700		91,057
VeriSign, Inc.*^	24,800		467,976
Websense, Inc.*^	5,600		67,200
Yahoo!, Inc.*	305,000		3,907,050
			31,052,046
IT Services (7.6%)
Accenture Ltd., Class A	76,269		2,096,635
Acxiom Corp.	8,500		62,900
Affiliated Computer Services, Inc., Class A*	12,500		598,625
Alliance Data Systems Corp.*^	29,410		1,086,700
Automatic Data Processing, Inc.	90,865		3,194,813
Broadridge Financial Solutions, Inc.	18,300		340,563
CACI International, Inc., Class A*	3,900		142,311
Cognizant Technology Solutions Corp., Class A*	166,283		3,457,023
Computer Sciences Corp.*	19,500		718,380
Convergys Corp.*	16,200		130,896
Cybersource Corp.*^	8,700		128,847
DST Systems, Inc.*	18,475		639,605
Euronet Worldwide, Inc.*^	6,200		80,972
Fidelity National Information Services, Inc.	24,300		442,260
Fiserv, Inc.*^	20,100		732,846
Gartner, Inc.*^	7,700		84,777
Global Payments, Inc.	10,400		347,464
Hewitt Associates, Inc., Class A*^	11,900		354,144
Lender Processing Services, Inc.^	10,700		327,527
ManTech International Corp., Class A*	2,700		113,130
Mastercard, Inc., Class A^	9,300		1,557,564
Metavante Technologies, Inc.*	11,700		233,532
NeuStar, Inc., Class A*^	9,500		159,125
Paychex, Inc.	41,100		1,055,037
Perot Systems Corp., Class A*	11,500		148,120
SAIC, Inc.*	25,800		481,686
SRA International, Inc., Class A*^	5,300		77,910
Syntel, Inc.^	1,500		30,870
Total System Services, Inc.	25,800		356,298
VeriFone Holdings, Inc.*^	93,293		634,392
Visa, Inc., Class A^	61,560		3,422,736
Western Union Co.^	229,400		2,883,558
Wright Express Corp.*^	4,800		87,456
			26,208,702
Office Electronics (0.2%)
Xerox Corp.	110,100		500,955
Zebra Technologies Corp., Class A*^	7,800		148,356
			649,311
Semiconductors & Semiconductor Equipment (13.7%)
Advanced Micro Devices, Inc.*	79,200		241,560
Altera Corp.	37,800		663,390
Amkor Technology, Inc.*	13,600		36,448
Analog Devices, Inc.	106,839		2,058,788
Applied Materials, Inc.	191,043		2,053,712
Atheros Communications, Inc.*^	36,901		540,969
Atmel Corp.*^	58,200		211,266
Broadcom Corp., Class A*^	97,081		1,939,678
Cree, Inc.*^	11,500		270,595
Cymer, Inc.*	3,700		82,362
Cypress Semiconductor Corp.*^	17,900		121,183
Fairchild Semiconductor International, Inc.*	15,400		57,442
FormFactor, Inc.*^	6,100		109,922
Hittite Microwave Corp.*	2,400		74,880
Integrated Device Technology, Inc.*	22,100		100,555
Intel Corp.	1,122,238		16,889,682
International Rectifier Corp.*	9,100		122,941
Intersil Corp., Class A^	16,000		184,000
KLA-Tencor Corp.	21,800		436,000
Lam Research Corp.*^	72,255		1,645,246
Linear Technology Corp.^	77,432		1,779,387
LSI Corp.*	83,600		254,144
Maxim Integrated Products, Inc.	43,375		572,984
MEMC Electronic Materials, Inc.*	28,900		476,561
Micrel, Inc.^	6,000		42,240
Microchip Technology, Inc.^	23,400		495,846
Micron Technology, Inc.*^	98,800		401,128
Microsemi Corp.*^	10,100		117,160
MKS Instruments, Inc.*^	6,100		89,487
National Semiconductor Corp.^	25,300		259,831
Novellus Systems, Inc.*^	12,700		211,201
NVIDIA Corp.*	68,500		675,410
ON Semiconductor Corp.*^	570,256		2,223,998
PMC-Sierra, Inc.*^	28,900		184,382
Rambus, Inc.*^	13,000		122,980
Samsung Electronics Co., Ltd.	3,068		1,267,119
Samsung Electronics Co., Ltd. (GDR)§	5,553		1,136,515
Semtech Corp.*	7,500		100,125
Silicon Laboratories, Inc.*^	5,800		153,120
Skyworks Solutions, Inc.*^	20,800		167,648
Taiwan Semiconductor Manufacturing Co., Ltd.	1,071,186		1,631,102
Taiwan Semiconductor Manufacturing Co., Ltd. (ADR)^	109,676		981,600
Teradyne, Inc.*	21,000		91,980
Tessera Technologies, Inc.*	6,000		80,220
Texas Instruments, Inc.	308,460		5,092,675
Varian Semiconductor Equipment Associates, Inc.*^	9,400		203,604
Xilinx, Inc.	35,000		670,600

181

AXA PREMIER VIP TRUST

MULTIMANAGER TECHNOLOGY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

	Number of Shares		Value (Note 1)
Zoran Corp.*		6,400	$	56,320
				47,379,986
Software (19.2%)
Activision Blizzard, Inc.*^		339,330		3,549,392
Adobe Systems, Inc.*		108,537		2,321,606
Advent Software, Inc.*^		2,100		69,951
ANSYS, Inc.*^		11,600		291,160
Autodesk, Inc.*		29,200		490,852
BMC Software, Inc.*		90,745		2,994,585
CA, Inc.		84,763		1,492,676
Cadence Design Systems, Inc.*		33,900		142,380
Citrix Systems, Inc.*^		23,200		525,248
Compuware Corp.*		32,000		210,880
Concur Technologies, Inc.*^		5,600		107,464
Electronic Arts, Inc.*		79,745		1,450,562
FactSet Research Systems, Inc.^		5,300		264,947
Fair Isaac Corp.		6,000		84,420
Informatica Corp.*		11,400		151,164
Intuit, Inc.*		41,100		1,109,700
Jack Henry & Associates, Inc.		11,000		179,520
Lawson Software, Inc.*		15,000		63,750
Longtop Financial Technologies Ltd. (ADR)*^		7,225		153,387
Macrovision Solutions Corp.*		10,300		183,237
McAfee, Inc.*^		98,373		3,295,496
Mentor Graphics Corp.*		11,400		50,616
Micros Systems, Inc.*^		10,500		196,875
Microsoft Corp.		1,171,146		21,513,952
MicroStrategy, Inc., Class A*		1,100		37,609
Nintendo Co., Ltd.		5,680		1,666,142
Novell, Inc.*		44,900		191,274
Nuance Communications, Inc.*^		8,600		93,396
Oracle Corp.*		936,164		16,916,483
Parametric Technology Corp.*		15,100		150,698
Progress Software Corp.*		5,000		86,800
Quality Systems, Inc.^		2,300		104,075
Quest Software, Inc.*		8,300		105,244
Red Hat, Inc.*		69,500		1,239,880
Salesforce.com, Inc.*		40,587		1,328,413
Solera Holdings, Inc.*^		7,200		178,416
Sybase, Inc.*^		10,500		318,045
Symantec Corp.*		105,600		1,577,664
Synopsys, Inc.*		18,600		385,578
Take-Two Interactive Software, Inc.*		9,600		80,160
TIBCO Software, Inc.*		22,400		131,488
VMware, Inc., Class A*^		38,349		905,803
Wind River Systems, Inc.*		8,500		54,400
				66,445,388
Total Information Technology				315,971,807
Materials (0.7%)
Chemicals (0.7%)
Monsanto Co.		27,995		2,326,385
Total Materials				2,326,385
Telecommunication Services (0.8%)
Wireless Telecommunication Services (0.8%)
American Tower Corp., Class A*		53,010		1,613,094
China Mobile Ltd. (ADR)^		28,876		1,256,684
Total Telecommunication Services				2,869,778
Total Common Stocks (97.5%) (Cost $392,191,178)				336,822,125
INVESTMENT COMPANIES:
Exchange Traded Funds (ETFs)(1.2%)
PowerShares QQQ		62,770		1,903,186
Semiconductor HOLDRs Trust^		116,700		2,182,290
Total Investment Companies (1.2%) (Cost $3,785,623)				4,085,476
	Principal Amount		Value (Note 1)
SHORT-TERM INVESTMENTS:
Short-Term Investments of Cash Collateral for Securities Loaned (11.0%)
Banco de Sabadell S.A.
1.17%, 4/23/09 (l)	$	1,020,000		1,020,000
BBVA Senior Finance S.A.
1.38%, 3/12/10 (l)		750,000		736,649
Deutsche Bank Securities, Inc., Repurchase Agreement
0.25%, 4/1/09 (r)(u)		28,756,936		28,756,936
General Electric Capital Corp.
0.40%, 3/12/10 (l)		140,000		132,333
K2 (USA) LLC
0.37%, 5/29/09 (l)		1,349,907		1,349,907
0.37%, 6/18/09 (l)		1,689,875		1,684,229
Lehman Brothers Holdings, Inc.
0.00%, 8/21/09 (h)(s)		849,994		101,999
Links Finance LLC
0.37%, 6/25/09 (l)		509,968		507,766
Monumental Global Funding II
0.43%, 5/26/10 (l)		1,590,000		1,351,501
Morgan Stanley
0.46%, 5/7/09 (l)		1,690,000		1,690,000
Pricoa Global Funding I
0.40%, 6/25/10 (l)		1,009,874		911,526
Total Short-Term Investments of Cash Collateral for Securities Loaned				38,242,846
Time Deposit (1.2%)
JPMorgan Chase Nassau
0.004%, 4/1/09		3,990,157		3,990,157
Total Short-Term Investments (12.2%) (Cost/Amortized Cost $43,346,711)				42,233,003
Total Investments (110.9%) (Cost/Amortized Cost $439,323,512)				383,140,604
Other Assets Less Liabilities (-10.9%)				(37,595,353	)
Net Assets (100%)			$	345,545,251

* Non-income producing.

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

§ Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may only be resold to qualified institutional buyers. At March 31, 2009, the market value of these securities amounted to $1,136,515 or 0.3% 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.

(h) Security in default.

(l) Floating Rate Security. Rate disclosed is as of March 31, 2009.

(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.

(s) Issuer in bankruptcy.

182

AXA PREMIER VIP TRUST

MULTIMANAGER TECHNOLOGY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

(u) Represents the Portfolio’s undivided interest in a joint repurchase agreement. The repurchase agreement was fully collateralized by U.S. government agency securities at the date of this Portfolio of Investments as follows: Federal Home Loan Mortgage Corp., 0.000% - 7.500%, maturing 1/15/15 - 6/15/38; Federal National Mortgage Association, 5.000% - 7.000%, maturing 10/1/36 - 12/1/38.

Glossary:

ADR — American Depositary Receipt

GDR — Global Depositary Receipt

HOLDRs — Holding Company Depositary Receipts

Various inputs are used in determining the value of the Portfolio’s investments. These inputs are summarized in the three broad levels listed below:

• Level 1 - Quoted prices in active markets for identical securities

• Level 2 - Significant other observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)

• Level 3 - Significant unobservable inputs (including the Portfolio’s own assumptions in determining the fair value of investments)

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, money market securities are valued using amortized cost, in accordance with rules under the Investment Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active market, such securities are reflected as Level 2.

The following is a summary of the inputs used to value the Portfolio’s net assets as of March 31, 2009:

Description	Quoted Prices in Active Markets for Identical Securities (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Assets
Investments in Securities	$	332,624,044	$	50,516,560	$	—	$	383,140,604
Other Investments*		—		—		—		—
Total	$	332,624,044	$	50,516,560	$	—	$	383,140,604
Liabilities
Investments in Securities	$	—	$	—	$	—	$	—
Other Investments*		—		—		—		—
Total	$	—	$	—	$	—	$	—

* Other investments are derivative instruments, such as futures, forwards and written options, which are valued at the unrealized appreciation/depreciation on the instrument.

Investment security transactions for the three months ended March 31, 2009 were as follows:

Cost of Purchases:
Stocks and long-term corporate debt securities	$	150,456,348
Net Proceeds of Sales and Redemptions:
Stocks and long-term corporate debt securities	$	143,132,734

As of March 31, 2009, 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	$	6,824,506
Aggregate gross unrealized depreciation		(106,520,782	)
Net unrealized depreciation	$	(99,696,276	)
Federal income tax cost of investments	$	482,836,880

At March 31, 2009, the Portfolio had loaned securities with a total value of $39,083,454. This was secured by collateral of $39,356,554, which was received as cash and subsequently invested in short-term investments currently valued at $38,242,846, as reported in the portfolio of investments. Additionally, uninvested cash received as collateral on loaned securities was held in an interest bearing account in the amount of $31,948, which the Portfolio cannot repledge and accordingly is not reflected in the Portfolio’s assets and liabilities.

183

AXA PREMIER VIP TRUST

MULTIMANAGER TECHNOLOGY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

For the three months ended March 31, 2009, the Portfolio incurred approximately $595 as brokerage commissions with Sanford C. Bernstein & Co., Inc., an affiliated broker/dealer.

The Portfolio has a net capital loss carryforward of $86,028,035 of which $38,254,621 expires in the year 2010, $25,653,017 expires in the year 2011, and $22,120,397 expires in the year 2016.

See Notes to Portfolio of Investments.

184

AXA PREMIER VIP TRUST

TARGET 2015 ALLOCATION PORTFOLIO

PORTFOLIO OF INVESTMENTS

March 31, 2009 (Unaudited)

	Number of Shares		Value (Note 1)
INVESTMENT COMPANIES:
EQ/Bond Index Portfolio‡		1,521,845	$	15,534,223
EQ/Equity 500 Index Portfolio‡		905,189		12,693,626
EQ/International ETF Portfolio‡		1,642,198		8,544,551
EQ/PIMCO Real Return Portfolio‡		66,266		649,149
EQ/Small Company Index Portfolio‡		399,946		2,277,255
EQ/Van Kampen Emerging Markets Equity Portfolio‡		403,793		2,975,543
Multimanager Aggressive Equity Portfolio‡		171,176		2,745,748
Multimanager High Yield Portfolio‡		988,000		3,556,909
Multimanager Large Cap Value Portfolio‡		457,701		2,866,515
Multimanager Mid Cap Growth Portfolio‡		30,775		148,690
Multimanager Mid Cap Value Portfolio‡		249,560		1,327,202
Total Investment Companies (100.0%) (Cost $76,774,535)				53,319,411
	Principal Amount		Value (Note 1)
SHORT-TERM INVESTMENT:
Time Deposit (0.5%)
JPMorgan Chase Nassau 0.004%, 4/1/09 (Amortized Cost $257,667)	$	257,667		257,667
Total Investments (100.5%) (Cost/Amortized Cost $77,032,202)				53,577,078
Other Assets Less Liabilities (-0.5%)				(273,996	)
Net Assets (100%)			$	53,303,082

‡ 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 (Multimanager) and Class IA shares for EQ Advisors Trust Portfolios.

Investments in companies which were affiliates for the three months ended March 31, 2009, were as follows:

Securities	Market Value December 31, 2008		Purchases at Cost		Sales at Cost		Market Value March 31, 2009		Dividend Income		Realized Loss
EQ/Bond Index Portfolio	$	15,264,311	$	1,036,877	$	755,155	$	15,534,223	$	—	$	(11,614	)
EQ/Equity 500 Index Portfolio		13,867,546		1,334,979		1,663,507		12,693,626		—		(706,198	)
EQ/International ETF Portfolio		10,111,089		920,228		1,418,810		8,544,551		—		(758,917	)
EQ/PIMCO Real Return Portfolio		547,408		259,219		210,305		649,149		—		(24,420	)
EQ/Small Company Index Portfolio		2,644,635		194,414		262,136		2,277,255		—		(122,722	)
EQ/Van Kampen Emerging Markets Equity Portfolio		3,000,069		336,985		617,576		2,975,543		—		(375,925	)
Multimanager Aggressive Equity Portfolio		2,800,187		349,947		462,410		2,745,748		—		(211,465	)
Multimanager High Yield Portfolio		3,444,376		285,141		290,009		3,556,909		—		(85,535	)
Multimanager Large Cap Value Portfolio		3,208,569		311,063		407,191		2,866,515		—		(184,129	)
Multimanager Mid Cap Growth Portfolio		153,771		12,961		16,535		148,690		—		(7,240	)
Multimanager Mid Cap Value Portfolio		1,401,247		142,570		176,006		1,327,202		—		(73,769	)
	$	56,443,208	$	5,184,384	$	6,279,640	$	53,319,411	$	—	$	(2,561,934	)

185

AXA PREMIER VIP TRUST

TARGET 2015 ALLOCATION PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

Various inputs are used in determining the value of the Portfolio’s investments. These inputs are summarized in the three broad levels listed below:

• Level 1 - Quoted prices in active markets for identical securities

• Level 2 - Significant other observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)

• Level 3 - Significant unobservable inputs (including the Portfolio’s own assumptions in determining the fair value of investments)

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, money market securities are valued using amortized cost, in accordance with rules under the Investment Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active market, such securities are reflected as Level 2.

The following is a summary of the inputs used to value the Portfolio’s net assets as of March 31, 2009:

Description	Quoted Prices in Active Markets for Identical Securities (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Assets
Investments in Securities	$	—	$	53,577,078	$	—	$	53,577,078
Other Investments*		—		—		—		—
Total	$	—	$	53,577,078	$	—	$	53,577,078
Liabilities
Investments in Securities	$	—	$	—	$	—	$	—
Other Investments*		—		—		—		—
Total	$	—	$	—	$	—	$	—

* Other investments are derivative instruments, such as futures, forwards and written options, which are valued at the unrealized appreciation/depreciation on the instrument.

Investment security transactions for the three months ended March 31, 2009 were as follows:

Cost of Purchases:
Investment Companies	$	5,184,384
Net Proceeds of Sales and Redemptions:
Investment Companies	$	3,717,706

As of March 31, 2009, 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	$	6,019
Aggregate gross unrealized depreciation		(23,138,793	)
Net unrealized depreciation	$	(23,132,774	)
Federal income tax cost of investments	$	76,709,852

See Notes to Portfolio of Investments.

186

AXA PREMIER VIP TRUST

TARGET 2025 ALLOCATION PORTFOLIO

PORTFOLIO OF INVESTMENTS

March 31, 2009 (Unaudited)

	Number of Shares	Value (Note 1)
INVESTMENT COMPANIES:
EQ/Bond Index Portfolio‡	891,031	$	9,095,193
EQ/Equity 500 Index Portfolio‡	1,164,826		16,334,574
EQ/International ETF Portfolio‡	1,820,657		9,473,092
EQ/PIMCO Real Return Portfolio‡	53,312		522,251
EQ/Small Company Index Portfolio‡	542,117		3,086,767
EQ/Van Kampen Emerging Markets Equity Portfolio‡	407,927		3,006,008
Multimanager Aggressive Equity Portfolio‡	182,770		2,931,722
Multimanager High Yield Portfolio‡	624,633		2,248,747
Multimanager Large Cap Value Portfolio‡	473,367		2,964,628
Multimanager Mid Cap Growth Portfolio‡	23,620		114,119
Multimanager Mid Cap Value Portfolio‡	292,249		1,554,229
Total Investments (99.9%) (Cost $81,775,441)			51,331,330
Other Assets Less Liabilities (0.1%)			28,621
Net Assets (100%)		$	51,359,951

‡ 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 (Multimanager) and Class IA shares for EQ Advisors Trust Portfolios.

Investments in companies which were affiliates for the three months ended March 31, 2009, were as follows:

Securities	Market Value December 31, 2008		Purchases at Cost		Sales at Cost		Market Value March 31, 2009		Dividend Income		Realized Loss
EQ/Bond Index Portfolio	$	8,823,115	$	386,745	$	103,870	$	9,095,193	$	—	$	(2,005	)
EQ/Equity 500 Index Portfolio		17,485,334		1,094,404		619,613		16,334,574		—		(331,357	)
EQ/International ETF Portfolio		10,963,054		691,202		433,960		9,473,092		—		(251,904	)
EQ/PIMCO Real Return Portfolio		423,252		98,743		29,730		522,251		—		(3,723	)
EQ/Small Company Index Portfolio		3,531,876		164,572		113,170		3,086,767		—		(69,824	)
EQ/Van Kampen Emerging Markets Equity Portfolio		2,933,722		238,630		203,942		3,006,008		—		(141,088	)
Multimanager Aggressive Equity Portfolio		2,924,488		222,172		119,869		2,931,722		—		(61,351	)
Multimanager High Yield Portfolio		2,150,542		106,972		45,085		2,248,747		—		(16,909	)
Multimanager Large Cap Value Portfolio		3,262,534		189,258		106,328		2,964,628		—		(56,479	)
Multimanager Mid Cap Growth Portfolio		114,461		8,229		4,698		114,119		—		(2,531	)
Multimanager Mid Cap Value Portfolio		1,617,642		90,514		53,268		1,554,229		—		(29,427	)
	$	54,230,020	$	3,291,441	$	1,833,533	$	51,331,330	$	—	$	(966,598	)

187

AXA PREMIER VIP TRUST

TARGET 2025 ALLOCATION PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

Various inputs are used in determining the value of the Portfolio’s investments. These inputs are summarized in the three broad levels listed below:

• Level 1 - Quoted prices in active markets for identical securities

• Level 2 - Significant other observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)

• Level 3 - Significant unobservable inputs (including the Portfolio’s own assumptions in determining the fair value of investments)

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, money market securities are valued using amortized cost, in accordance with rules under the Investment Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active market, such securities are reflected as Level 2.

The following is a summary of the inputs used to value the Portfolio’s net assets as of March 31, 2009:

Description	Quoted Prices in Active Markets for Identical Securities (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Assets
Investments in Securities	$	—	$	51,331,330	$	—	$	51,331,330
Other Investments*		—		—		—		—
Total	$	—	$	51,331,330	$	—	$	51,331,330
Liabilities
Investments in Securities	$	—	$	—	$	—	$	—
Other Investments*		—		—		—		—
Total	$	—	$	—	$	—	$	—

* Other investments are derivative instruments, such as futures, forwards and written options, which are valued at the unrealized appreciation/depreciation on the instrument.

Investment security transactions for the three months ended March 31, 2009 were as follows:

Cost of Purchases:
Investment Companies	$	3,291,441
Net Proceeds of Sales and Redemptions:
Investment Companies	$	866,935

As of March 31, 2009, 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	$	1,416
Aggregate gross unrealized depreciation		(30,098,818	)
Net unrealized depreciation	$	(30,097,402	)
Federal income tax cost of investments	$	81,428,732

See Notes to Portfolio of Investments.

188

AXA PREMIER VIP TRUST

TARGET 2035 ALLOCATION PORTFOLIO

PORTFOLIO OF INVESTMENTS

March 31, 2009 (Unaudited)

	Number of Shares		Value (Note 1)
INVESTMENT COMPANIES:
EQ/Bond Index Portfolio‡		197,444	$	2,015,407
EQ/Equity 500 Index Portfolio‡		695,257		9,749,721
EQ/International ETF Portfolio‡		1,004,871		5,228,464
EQ/PIMCO Real Return Portfolio‡		18,570		181,917
EQ/Small Company Index Portfolio‡		281,913		1,605,189
EQ/Van Kampen Emerging Markets Equity Portfolio‡		234,973		1,731,512
Multimanager Aggressive Equity Portfolio‡		95,901		1,538,297
Multimanager High Yield Portfolio‡		192,192		691,913
Multimanager Large Cap Value Portfolio‡		238,165		1,491,594
Multimanager Mid Cap Growth Portfolio‡		22,376		108,113
Multimanager Mid Cap Value Portfolio‡		121,349		645,357
Total Investment Companies (99.8%) (Cost $40,149,437)				24,987,484
	Principal Amount		Value (Note 1)
SHORT-TERM INVESTMENT:
Time Deposit (0.1%)
JPMorgan Chase Nassau 0.004%, 4/1/09 (Amortized Cost $22,572)	$	22,572		22,572
Total Investments (99.9%) (Cost/Amortized Cost $40,172,009)				25,010,056
Other Assets Less Liabilities (0.1%)				30,770
Net Assets (100%)			$	25,040,826

‡ 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 (Multimanager) and Class IA shares for EQ Advisors Trust Portfolios.

Investments in companies which were affiliates for the three months ended March 31, 2009, were as follows:

Securities	Market Value December 31, 2008		Purchases at Cost		Sales at Cost		Market Value March 31, 2009		Dividend Income		Realized Loss
EQ/Bond Index Portfolio	$	1,838,822	$	188,301	$	9,608	$	2,015,407	$	—	$	(155	)
EQ/Equity 500 Index Portfolio		9,564,697		1,326,665		121,730		9,749,721		—		(55,133	)
EQ/International ETF Portfolio		5,492,134		795,999		85,221		5,228,464		—		(45,263	)
EQ/PIMCO Real Return Portfolio		124,398		51,354		2,911		181,917		—		(333	)
EQ/Small Company Index Portfolio		1,673,030		213,978		24,098		1,605,189		—		(13,357	)
EQ/Van Kampen Emerging Markets Equity Portfolio		1,525,334		265,333		34,159		1,731,512		—		(20,839	)
Multimanager Aggressive Equity Portfolio		1,392,198		231,097		20,273		1,538,297		—		(8,672	)
Multimanager High Yield Portfolio		621,675		68,473		5,349		691,913		—		(1,912	)
Multimanager Large Cap Value Portfolio		1,507,827		196,860		21,592		1,491,594		—		(11,711	)
Multimanager Mid Cap Growth Portfolio		105,746		8,559		866		108,113		—		(436	)
Multimanager Mid Cap Value Portfolio		621,774		77,033		7,682		645,357		—		(3,815	)
	$	24,467,635	$	3,423,652	$	333,489	$	24,987,484	$	—	$	(161,626	)

189

AXA PREMIER VIP TRUST

TARGET 2035 ALLOCATION PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

Various inputs are used in determining the value of the Portfolio’s investments. These inputs are summarized in the three broad levels listed below:

• Level 1 - Quoted prices in active markets for identical securities

• Level 2 - Significant other observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)

• Level 3 - Significant unobservable inputs (including the Portfolio’s own assumptions in determining the fair value of investments)

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, money market securities are valued using amortized cost, in accordance with rules under the Investment Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active market, such securities are reflected as Level 2.

The following is a summary of the inputs used to value the Portfolio’s net assets as of March 31, 2009:

Description	Quoted Prices in Active Markets for Identical Securities (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Assets
Investments in Securities	$	—	$	25,010,056	$	—	$	25,010,056
Other Investments*		—		—		—		—
Total	$	—	$	25,010,056	$	—	$	25,010,056
Liabilities
Investments in Securities	$	—	$	—	$	—	$	—
Other Investments*		—		—		—		—
Total	$	—	$	—	$	—	$	—

* Other investments are derivative instruments, such as futures, forwards and written options, which are valued at the unrealized appreciation/depreciation on the instrument.

Investment security transactions for the three months ended March 31, 2009 were as follows:

Cost of Purchases:
Investment Companies	$	3,423,652
Net Proceeds of Sales and Redemptions:
Investment Companies	$	171,863

As of March 31, 2009, 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	$	1,505
Aggregate gross unrealized depreciation		(14,991,192	)
Net unrealized depreciation	$	(14,989,687	)
Federal income tax cost of investments	$	39,999,743

See Notes to Portfolio of Investments.

190

AXA PREMIER VIP TRUST

TARGET 2045 ALLOCATION PORTFOLIO

PORTFOLIO OF INVESTMENTS

March 31, 2009 (Unaudited)

	Number of Shares		Value (Note 1)
INVESTMENT COMPANIES:
EQ/Equity 500 Index Portfolio‡		386,562	$	5,420,827
EQ/International ETF Portfolio‡		546,435		2,843,163
EQ/Small Company Index Portfolio‡		170,572		971,220
EQ/Van Kampen Emerging Markets Equity Portfolio‡		125,074		921,670
Multimanager Aggressive Equity Portfolio‡		50,209		805,385
Multimanager Large Cap Value Portfolio‡		118,778		743,886
Multimanager Mid Cap Growth Portfolio‡		15,647		75,599
Multimanager Mid Cap Value Portfolio‡		71,233		378,832
Total Investment Companies (99.2%) (Cost $20,398,162)				12,160,582
	Principal Amount		Value (Note 1)
SHORT-TERM INVESTMENT:
Time Deposit (0.7%)
JPMorgan Chase Nassau 0.004%, 4/1/09 (Amortized Cost $89,635)	$	89,635		89,635
Total Investments (99.9%) (Cost/Amortized Cost $20,487,797)				12,250,217
Other Assets Less Liabilities (0.1%)				11,318
Net Assets (100%)			$	12,261,535

‡ 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 (Multimanager) and Class IA shares for EQ Advisors Trust Portfolios.

Investments in companies which were affiliates for the three months ended March 31, 2009, were as follows:

Securities	Market Value December 31, 2008		Purchases at Cost		Sales at Cost		Market Value March 31, 2009		Dividend Income		Realized Loss
EQ/Equity 500 Index Portfolio	$	5,164,352	$	865,989	$	62,920	$	5,420,827	$	—	$	(29,307	)
EQ/International ETF Portfolio		2,866,485		529,782		43,247		2,843,163		—		(22,683	)
EQ/Small Company Index Portfolio		983,300		152,822		14,335		971,220		—		(8,403	)
EQ/Van Kampen Emerging Markets Equity Portfolio		775,313		173,198		16,031		921,670		—		(9,308	)
Multimanager Aggressive Equity Portfolio		724,968		122,257		8,754		805,385		—		(4,009	)
Multimanager Large Cap Value Portfolio		717,881		127,352		10,288		743,886		—		(5,345	)
Multimanager Mid Cap Growth Portfolio		79,999		—		—		75,599		—		—
Multimanager Mid Cap Value Portfolio		341,906		66,224		5,199		378,832		—		(2,628	)
	$	11,654,204	$	2,037,624	$	160,774	$	12,160,582	$	—	$	(81,683	)

191

AXA PREMIER VIP TRUST

TARGET 2045 ALLOCATION PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

March 31, 2009 (Unaudited)

Various inputs are used in determining the value of the Portfolio’s investments. These inputs are summarized in the three broad levels listed below:

• Level 1 - Quoted prices in active markets for identical securities

• Level 2 - Significant other observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)

• Level 3 - Significant unobservable inputs (including the Portfolio’s own assumptions in determining the fair value of investments)

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, money market securities are valued using amortized cost, in accordance with rules under the Investment Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active market, such securities are reflected as Level 2.

The following is a summary of the inputs used to value the Portfolio’s net assets as of March 31, 2009:

Description	Quoted Prices in Active Markets for Identical Securities (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Assets
Investments in Securities	$	—	$	12,250,217	$	—	$	12,250,217
Other Investments*		—		—		—		—
Total	$	—	$	12,250,217	$	—	$	12,250,217
Liabilities
Investments in Securities	$	—	$	—	$	—	$	—
Other Investments*		—		—		—		—
Total	$	—	$	—	$	—	$	—

* Other investments are derivative instruments, such as futures, forwards and written options, which are valued at the unrealized appreciation/depreciation on the instrument.

Investment security transactions for the three months ended March 31, 2009 were as follows:

Cost of Purchases:
Investment Companies	$	2,037,624
Net Proceeds of Sales and Redemptions:
Investment Companies	$	79,091

As of March 31, 2009, 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	$	483
Aggregate gross unrealized depreciation		(8,148,502	)
Net unrealized depreciation	$	(8,148,019	)
Federal income tax cost of investments	$	20,398,236

See Notes to Portfolio of Investments.

192

AXA PREMIER VIP TRUST

NOTES TO PORTFOLIO OF INVESTMENTS

March 31, 2009 (Unaudited)

Note 1 Valuation

The Portfolios are subject to the provisions of Statement of Financial Accounting Standards No. 157, “Fair Value Measurements” (SFAS 157), effective with the beginning of each Portfolio’s fiscal year. This standard defines fair value, sets out a framework for measuring fair value and expands disclosures about fair value measurements. SFAS 157 establishes a hierarchy that prioritizes the inputs to valuation techniques, giving the highest priority to readily available unadjusted quoted prices in active markets for identical assets (level 1 measurements) and the lowest priority to unobservable inputs (level 3 measurements) when market prices are not readily available or reliable. The three levels of the hierarchy under SFAS 157 are summarized below:

• Level 1 - quoted prices in active markets for identical assets

• Level 2 - other significant inputs (including quoted prices of similar securities, interest rates, prepayment speeds, credit risk, etc.)

• Level 3 - significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments)

Changes in valuation techniques may result in transfers in or out of an investment’s assigned level within the hierarchy.

The inputs or methodology used to value securities are not necessarily an indication of the risk associated with investing in those securities. For example, money market securities are valued using amortized cost, in accordance with the rules under the 1940 Act. Generally, amortized cost approximates the current fair value of a security, but since the valuation is not obtained from a quoted price in an active market, such securities are reflected as Level 2.

A summary of inputs used to value each Portfolio’s investments as of March 31, 2009 is included in the Portfolio of Investments.

Equity securities listed on national securities exchanges, (including securities issued by ETFs) are valued at the last sale price or official closing price or, if there is no sale or official closing price, at the latest available bid price. Securities listed on the NASDAQ stock market 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. Other unlisted stocks are valued at their last sale price or official closing price or, if there is no reported sale during the day of official closing price, at a bid estimated by a broker.

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 bonds or stocks. 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.

193

AXA PREMIER VIP TRUST

NOTES TO PORTFOLIO OF INVESTMENTS — (Continued)

March 31, 2009 (Unaudited)

Options are valued at their last sale price or, if not available, previous day’s sale price. 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 according to fair value methods. The market value of a put or call option will usually reflect, among other factors, the market price of the underlying security.

Corporate bonds and notes 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 and notes will be valued at a bid price estimated by a broker.

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.

Investments in Exchange Traded Funds (ETFs) are valued based on last sale price on the respective exchange.

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 notes 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 in good faith under the direction of the Trustees.

All securities held in the EQ/Money Market Portfolio (an Underlying Portfolio of the AXA Allocation Portfolios and the Target Allocation Portfolios) are valued at amortized cost. The EQ/Money Market Portfolio seeks to maintain a constant net asset value per share of $1.00, but there can be no assurance that it will be able to do so.

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

Pursuant to procedures approved by the Trustees, events or circumstances affecting the values of portfolio securities that occur between the closing of their principal markets and the time the NAV 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. The value and percentage, based on Total Investments, of the investments that applied these procedures on March 31, 2009 are as follows:

Portfolios:	Market Value		Percentage of Total Investments*
Multimanager Health Care	$	15,066,227	5.0	%
Multimanager International Equity		345,337,523	40.8
Multimanager Large Cap Core Equity		4,433,067	0.8
Multimanager Large Cap Value		11,132,076	1.0
Multimanager Mid Cap Growth		5,286,288	1.4
Multimanager Mid Cap Value		2,165,816	0.5
Multimanager Technology		8,193,220	2.4

194

AXA PREMIER VIP TRUST

NOTES TO PORTFOLIO OF INVESTMENTS — (Continued)

March 31, 2009 (Unaudited)

* excluding Investments of Cash Collateral for Securities on Loan

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 Portfolio’s financial statements. 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 return on the investment of cash collateral received on the loan. Any gain or loss in the market price of the securities loaned that might occur and any interest earned or dividends declared during the term of the loan would be for the account of the Portfolio. Risks of delay in recovery of the securities or even loss of rights in the collateral may occur should the borrower of the securities fail financially. Risks may also arise to the extent that the value of the securities loaned increases above the value of the collateral received. Any such loan of Portfolio securities will be continuously secured by collateral in cash or high grade debt securities at least equal at all times to the market value of the security loaned. JPMorgan will indemnify each Portfolio from any loss resulting from a borrower’s failure to return a loaned security when due. JPMorgan invests the cash collateral on behalf of the Portfolios and retains a portion of the interest earned. Cash collateral is invested on behalf of a Portfolio in a manner similar to the Portfolio’s investment of its cash reserves and the Portfolio bears all of the gains and losses on such investments. The net asset value of a Portfolio will be affected by an increase or decrease in the value of the securities loaned and by an increase or decrease in the value of instruments in which cash collateral is invested. At March 31, 2009, 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 investments purchased with cash collateral.

195

AXA PREMIER VIP TRUST

NOTES TO PORTFOLIO OF INVESTMENTS — (Continued)

March 31, 2009 (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. The Portfolio bears the risk of potential inability of the broker to meet their obligation to perform.

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

The futures contracts and options on futures contracts used by the Portfolios are agreements to buy or sell a financial instrument for a set price in the future. Certain Portfolios may buy or sell futures contracts and options on futures contracts for the purpose of protecting their portfolio securities against future changes in interest rates and indices which might adversely affect the value of the Portfolios’ securities or

196

AXA PREMIER VIP TRUST

NOTES TO PORTFOLIO OF INVESTMENTS — (Continued)

March 31, 2009 (Unaudited)

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 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. The use of forward commitments may result in market risk to the Portfolios that is greater than if the Portfolios had engaged solely in transactions that settle in the customary time.

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 Portfolio’s financial statements. The Advisers may engage in these forward contracts to protect against uncertainty in the level of future exchange rates in connection with the purchase and sale of Portfolio securities (“transaction hedging”) and to protect the value of specific portfolio positions (“position hedging”). The Portfolios are subject to off-balance sheet risk to the extent of the value of the contracts for purchase of foreign currency and in an unlimited amount for sales of foreign currency.

Swaps:

Certain Portfolios may invest in swap contracts, which are derivatives in the form of a contract or other similar instrument which is an agreement to exchange the return generated by one instrument for the return generated by another instrument. The payment streams are calculated by reference to a specified index and agreed upon notional amount. A Portfolio will usually enter into swaps on a net basis, i.e., the two return streams are netted out in a cash settlement on the payment date or dates specified in the instrument, with the Portfolio receiving or paying, as the case may be, only the net amount of the two

197

AXA PREMIER VIP TRUST

NOTES TO PORTFOLIO OF INVESTMENTS — (Concluded)

March 31, 2009 (Unaudited)

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 Portfolio’s financial statements. 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 Portfolio’s financial statements. 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. None of the Portfolios held swaps at March 31, 2009.

Dollar Roll Transactions:

Certain Portfolios may enter into dollar roll transactions with financial institutions to take advantage of opportunities in the mortgage market. A dollar roll transaction involves a sale by a Portfolio of securities with a simultaneous agreement to repurchase substantially similar securities at an agreed-upon price at a future date. The securities repurchased will bear the same interest rate as those sold, but generally will be collateralized by different pools of mortgages with different prepayment histories. Dollar roll transactions involve the risk that the market value of the securities sold by the Portfolio may decline below the repurchase price of the similar securities. None of the Portfolios had dollar roll transactions outstanding at March 31, 2009.

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 Portfolio’s financial statements. 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.

Note 2 Subsequent Events

At a meeting held on January 30, 2009, the Trustees approved an investment strategy change, name change and an additional subadviser for the following Portfolio of the Trust listed below, to be effective on or about May 1, 2009.

Current Name	New Name
Multimanager High Yield	Multimanager Multi-Sector Bond

At the same meeting, SSgA Funds Management, Inc. was added as a subadvisor to an additional allocated portion of the Multimanager Multi-Sector Bond Portfolio. During the time prior to the effective date of the changes, the Portfolio may not be pursuing its principal investment strategies.

198

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) During the filing period of this report, the Registrant enhanced its processing and reconciliation controls over certain non-recurring cash items.

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 May 29, 2009

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

BY:	/s/ Steven M. Joenk
Steven M. Joenk Chief Executive Officer May 29, 2009

BY:	/s/ Brian Walsh
Brian Walsh Chief Financial Officer and Treasurer May 29, 2009