Equitable Holdings, Inc. — Director's Dealing 2005

Dec 5, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ALLIANCE CAPITAL MANAGEMENT HOLDING LP (AC)
CIK: 0000825313
Period of Report: 2005-12-01

Reporting Person: FINAXA ET AL (Filed by mult. reporting pers.)
Reporting Person: BEBEAR CLAUDE (Filed by mult. reporting pers.)
Reporting Person: CASTRIES HENRI DE (Filed by mult. reporting pers.)
Reporting Person: DUVERNE DENIS (Filed by mult. reporting pers.)
Reporting Person: MONY HOLDINGS LLC (Filed by mult. reporting pers.)
Reporting Person: MONY LIFE INSURANCE CO (Filed by mult. reporting pers.)
Reporting Person: MONY LIFE INSURANCE CO OF AMERICA (Filed by mult. reporting pers.)
Reporting Person: OUDINOT PARTICIPATIONS (Filed by mult. reporting pers.)
Reporting Person: AXA AMERICA HOLDINGS, INC. (Filed by mult. reporting pers.)

Holdings (Non-Derivative)

Security	Shares	Ownership
Units	722178	Indirect
Units	722178	Indirect

Footnotes

F1: Units Representing Assignments of Beneficial Ownership of Limited Partnership Interests.

F2: These securities are directly owned by ACMC, Inc. ("ACMC"), an indirect wholly-owned subsidiary of AXA Financial, Inc. ("AXA Financial").

F3: AXA indirectly owns all of the common stock (the "Common Stock") of AXA Financial, which is the direct and indirect beneficial owner of the securities covered by this Form 4. As of November 30, 2005, the Mutuelles AXA, as a group, directly and indirectly (through Finaxa) owned approximately 20.34% of the issued ordinary shares (representing approximately 32.20% of the voting power) of AXA. The Mutuelles AXA, Finaxa and AXA expressly declare that the filing of this Form 4 shall not be construed as an admission that any of them is, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, the beneficial owner of any securities covered by this Form 4.

F4: AXA has deposited its shares of Common Stock into a voting trust. AXA will remain the indirect beneficial owner of such Common Stock, but during the term of the voting trust, the AXA Voting Trustees will exercise all voting rights wth respect to the Common Stock. Accordingly, the AXA Voting Trustees may be deemed to beneficially own the securities covered by this Form 4. The AXA Voting Trustees expressly declare that the filing of this Form 4 shall not be construed as an admission that any of them is, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, the beneficial owner of any securities covered by this Form 4.

F5: In addition to the units ("Holding Units") representing assignments of beneficial ownership of limited partnership interests in Alliance Capital Management Holding L.P. ("Holding") reported in this Form 4, the Reporting Persons beneficially own units ("Capital Units") of limited partnership interest in Alliance Capital Management L.P. ("Capital") as follows. As of December 1, 2005, AXA Financial beneficially owned directly 32,699,454 Capital Units; ACMC, 66,220,822 Capital Units; ECMC, LLC, 40,880,637 Capital Units; AXA Equitable Life Insurance Company ("AXA Equitable"), 8,165,204 Capital Units; MONY Life Insurance Company ("MONY Life"), 4,389,192 Capital Units; MONY Life Insurance Company of America ("MLOA"), 1,225,000 Capital Units; and Alliance Capital Management Corporation, a wholly-owned subsidiary of AXA Equitable, owned a 1% general partnership interest in Capital and 100,000 units of general partnership interest in Holding.

F6: AXA Equitable entered into a Purchase Agreement dated as of December 1, 2005 with an unaffiliated third party pursuant to which AXA Equitable agreed to purchase 400,000 Capital Units from such third party. The purchase price for each of the Capital Units whose acquisition is being reported on this Form 4 is $51.80 per Capital Unit, which is 95% of the volume-weighted average price for a Holding Unit as quoted on the New York Stock Exchange composite tape on November 30, 2005.

F7: For more information on the Reporting Persons' holdings of Capital Units, see their separate Form 4 filings with respect to Capital Units.

F8: The Capital Units are highly illiquid, and the ability of a holder of Capital Units to exchange them in the future for Holding Units if it so desires is substantially limited. In general, transfers of Capital Units will be allowed only with the written consent of both AXA Equitable and the general partner of Capital. AXA Equitable and the general partner of Capital have stated that they intend to refuse to consent to any transfer that is not described in the safe harbors set forth in the United States Treasury regulations.

F9: These securities are directly owned by ECMC, LLC, an indirect wholly-owned subsidiary of AXA Financial.