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&lt;p style="margin-top: 0px; margin-bottom: 0px;"&gt;&lt;font style="font-family: Times New Roman;" size="2" class="_mt"&gt;&lt;b&gt;AXA PREMIER VIP TRUST &lt;/b&gt;&lt;/font&gt;&lt;/p&gt;

&lt;p style="margin-top: 6px; margin-bottom: 0px;"&gt;&lt;font style="font-family: Times New Roman;" size="2" class="_mt"&gt;&lt;b&gt;SUPPLEMENT DATED MAY 1, 2011 TO THE PROSPECTUS DATED MAY 1, 2011 &lt;/b&gt;&lt;/font&gt;&lt;/p&gt;

&lt;p style="margin-top: 0px; margin-bottom: 0px; font-size: 6px;"&gt;&amp;nbsp;&lt;/p&gt;

&lt;p style="border-bottom: #000000 1pt solid; line-height: 1px; margin-top: 0px; margin-bottom: 2px;"&gt;&amp;nbsp;&lt;/p&gt;

&lt;p style="margin-top: 6px; margin-bottom: 0px;"&gt;&lt;font style="font-family: Times New Roman;" size="2" class="_mt"&gt;This Supplement updates certain information contained in the Prospectus dated May&amp;nbsp;1, 2011 of AXA Premier VIP Trust ("Trust"). You may obtain an additional copy of the Prospectus or Statement of Additional Information, free of charge, by writing to the Trust at 1290 Avenue of the Americas, New York, New York 10104, or you can view, print, and download a copy of these documents at the Trust's website at www.axa-equitablefunds.com. You should read this Supplement in connection with the Prospectus and retain it for future reference. &lt;/font&gt;&lt;/p&gt;

&lt;p style="margin-top: 12px; margin-bottom: 0px;"&gt;&lt;font style="font-family: Times New Roman;" size="2" class="_mt"&gt;The purpose of this Supplement is to provide you with information regarding the Multimanager Mid Cap Growth Portfolio and the Multimanager Mid Cap Value Portfolio. &lt;/font&gt;&lt;/p&gt;

&lt;p style="margin-top: 12px; margin-bottom: 0px;" align="center"&gt;&amp;nbsp;&lt;/p&gt;

&lt;p style="margin-top: 12px; margin-bottom: 0px;" align="center"&gt;&lt;font style="font-family: Times New Roman;" class="_mt" size="2"&gt;&lt;b&gt;Multimanager Mid Cap Growth Portfolio &lt;/b&gt;&lt;/font&gt;&lt;/p&gt;

&lt;p style="margin-top: 12px; margin-bottom: 0px;"&gt;&lt;font style="font-family: Times New Roman;" class="_mt" size="2"&gt;Effective immediately, the third sentence of the first paragraph under the caption "Multimanager Mid Cap Growth Portfolio &amp;ndash; Investments, Risks and Performance &amp;ndash; Principal Investment Strategies of the Portfolio" of the Prospectus is deleted and revised as follows: &lt;/font&gt;&lt;/p&gt;

&lt;p style="margin-top: 12px; margin-bottom: 0px;"&gt;&lt;font style="font-family: Times New Roman;" class="_mt" size="2"&gt;For purposes of this portfolio, mid-capitalization companies are companies with market capitalization within the range of companies in the Russell 2500 Index at the time of investment (as of December&amp;nbsp;31, 2010, the market capitalization of companies included in this index ranged from approximately $24.2 million to $13.7 billion).&amp;nbsp;&lt;/font&gt;&lt;/p&gt;

&lt;div&gt;

&lt;p style="margin-top: 12px; margin-bottom: 0px;" align="center"&gt;&lt;font style="font-family: Times New Roman;" class="_mt" size="2"&gt;&lt;b&gt;Multimanager Mid Cap Value Portfolio &lt;/b&gt;&lt;/font&gt;&lt;/p&gt;

&lt;p style="margin-top: 12px; margin-bottom: 0px;"&gt;&lt;font style="font-family: Times New Roman;" class="_mt" size="2"&gt;Effective immediately, the third sentence of the first paragraph under the caption "Multimanager Mid Cap Value Portfolio &amp;ndash; Investments, Risks and Performance &amp;ndash; Principal Investment Strategies of the Portfolio" of the Summary Prospectus is deleted and revised as follows: &lt;/font&gt;&lt;/p&gt;

&lt;p style="margin-top: 12px; margin-bottom: 0px;"&gt;&lt;font style="font-family: Times New Roman;" class="_mt" size="2"&gt;For purposes of this Portfolio, mid-capitalization companies generally are companies with market capitalization within the range of companies in the Russell 2500 Index or the Russell Midcap Index at the time of investment (as of December&amp;nbsp;31, 2010, the market capitalization of companies included in the Russell 2500 Index ranged from approximately $24.2 million to $13.7 billion and the market capitalization of the companies in the Russell Midcap Index ranged from approximately $231.9 million to $38.7 billion). &lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;/div&gt;

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AXA PREMIER VIP TRUST

SUPPLEMENT DATED MAY 1, 2011 TO THE PROSPECTUS DATED MAY 1, 2011

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