AXA PREMIER VIP TRUST AMENDMENT NO. 2 INVESTMENT ADVISORY AGREEMENT

Exhibit (d)(24)(ii)

AXA PREMIER VIP TRUST

AMENDMENT NO. 2

INVESTMENT ADVISORY AGREEMENT

AMENDMENT NO. 2 to the Investment Advisory Agreement dated as of March 13, 2009 (“Amendment No. 2”), between AXA Equitable Life Insurance Company, a New York corporation (“AXA Equitable” or “Manager”) and Post Advisory Group, LLC, a Delaware limited liability company (the “Adviser”).

AXA Equitable and Adviser agree to modify the Investment Advisory Agreement, dated as of June 24, 2005, as amended (“Agreement”), for the AXA Premier VIP Trust (“Trust”) to reflect a change in name of the Trust’s Portfolio as follows:

1. Name Change. Effective May 1, 2009, the name of the Multimanager High Yield Portfolio is changed to the Multimanager Multi-Sector Bond Portfolio (“Portfolio”).

2. Existing Portfolio. The Manager hereby reaffirms its appointment of the Adviser as the investment adviser for the Portfolio.

3. Appendix A. Appendix A to the Agreement setting forth the Portfolio of the Trust for which the Adviser is appointed as the investment adviser and the fee payable to the Adviser with respect to the Portfolio is hereby replaced in its entirety by Appendix A attached hereto.

4. Ratification. Except as modified and amended hereby, the Agreement is hereby ratified and confirmed in full force and effect in accordance with its terms.

IN WITNESS WHEREOF, the parties have executed and delivered this Amendment No. 2 as of the date first set forth above.

AXA EQUITABLE LIFE INSURANCE COMPANY						POST ADVISORY GROUP, LLC
By:		/s/ Xxxxxx X. Xxxxx				By:		/s/ Xxxxx Xxxxxxxxxx
		Xxxxxx X. Xxxxx						Name: Xxxxx Xxxxxxxxxx
		Senior Vice President						Title: Chief Investment Officer-Senior
								Portfolio Manager

APPENDIX A

AMENDMENT NO. 2

INVESTMENT ADVISORY AGREEMENT

The Manager shall pay the Adviser monthly compensation computed daily at an annual rate equal to the following:

Portfolio		Annual Advisory Fee
Multimanager Multi-Sector Bond Portfolio*		0.40% of the average daily net assets of the Post Allocated Portion.

* Fee to be paid shall be based only on the portion of the Portfolio’s average daily net assets advised by the Adviser, which may be referred to as the “Post Allocated Portion.”