EQUI-VEST - AXA Equitable

FINANCIAL HIGHLIGHTS (cont’d)
Multimanager Small Cap Value Portfolio(f) (continued)
Class B
Year Ended December 31,
2007(a) 2006 2005(a) 2004 2003(a)
Net asset value, beginning of year ............................. $ 13.71 $ 13.38 $ 14.02 $ 13.30 $ 9.77
Income (loss) from investment operations:
Net investment income ................................... 0.07 0.03 0.03 0.03 0.06
Net realized and unrealized gain (loss) on investments ............ (1.42) 2.09 0.62 2.19 3.57
Total from investment operations ............................ (1.35) 2.12 0.65 2.22 3.63
Less distributions:
Dividends from net investment income ........................ (0.04) (0.04) (0.03) (0.01) (0.04)
Distributions from realized gains ............................ (1.08) (1.75) (1.26) (1.49) (0.06)
Total dividends and distributions ............................ (1.12) (1.79) (1.29) (1.50) (0.10)
Net asset value, end of year .................................. $ 11.24 $ 13.71 $ 13.38 $ 14.02 $ 13.30
Total return .............................................. (9.84)% 16.07% 4.75% 17.06% 37.42%
Ratios/Supplemental Data:
Net assets, end of year (000’s) ................................ $980,945 $1,326,859 $1,153,566 $1,042,729 $689,540
Ratio of expenses to average net assets:
After waivers .......................................... 1.32%(e) 1.10%(e) 1.04% 1.05% 1.10%
After waivers and fees paid indirectly ......................... 1.31%(e) 1.02%(e) 0.95% 0.86% 1.00%
Before waivers and fees paid indirectly ........................ 1.35%(e) 1.10%(e) 1.04% 1.05% 1.10%
Ratio of net investment income to average net assets:
After waivers .......................................... 0.48% 0.15%(e) 0.12% 0.12% 0.45%
After waivers and fees paid indirectly ......................... 0.50% 0.22%(e) 0.21% 0.31% 0.55%
Before waivers and fees paid indirectly ........................ 0.46% 0.15%(e) 0.12% 0.12% 0.45%
Portfolio turnover rate ...................................... 103% 114% 90% 96% 69%
Effect of contractual expense limitation during the year:
Per share benefit to net investment income .................... $ —# $ — $ — $ — $ —
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