Exhibit (h)(4)(xxiii)

AMENDMENT NO. 14

AMENDED AND RESTATED PARTICIPATION AGREEMENT

Amendment No. 14, dated as of December 15, 2010 (“Amendment No. 14”), to the Amended and Restated Participation Agreement, dated as of July 15, 2002, as amended (“Agreement”), by and among EQ Advisors Trust (“Trust”), AXA Equitable Life Insurance Company, AXA Distributors, LLC and AXA Advisors, LLC (collectively, the “Parties”).

The Parties hereby agree to modify and amend the Agreement as follows:

1. New Portfolio. The Trust hereby includes the EQ/AllianceBernstein Dynamic Wealth Strategies Portfolio in the Agreement from and after the date hereof for all purposes on the terms and conditions contained in the Agreement.

2. Schedule B. Schedule B to the Agreement, setting forth the Portfolios of the Trust participating on behalf of which the Trust is entering into the Agreement is hereby replaced in its entirety by Schedule B attached hereto.

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. 14 as of the date first above set forth.

EQ ADVISORS TRUST		AXA EQUITABLE LIFE INSURANCE COMPANY
By:	/s/ Brian Walsh	By:	/s/ Steven M. Joenk
	Name:  Brian Walsh		Name:  Steven M. Joenk
	Title:    Chief Financial Officer and Treasurer		Title     Senior Vice President

AXA DISTRIBUTORS, LLC		AXA ADVISORS, LLC
By:	/s/ James Shepherdson	By:	/s/ Andrew McMahon
	Name:  James Shepherdson		Name:  Andrew McMahon
	Title:    Chief Executive Officer		Title:    Chairman

SCHEDULE B

AMENDMENT NO. 14

AMENDED AND RESTATED PARTICIPATION AGREEMENT

All Asset Allocation Portfolio ATM Core Bond Portfolio ATM Government Bond Portfolio ATM International Portfolio ATM Large Cap Portfolio ATM Mid Cap Portfolio AXA Tactical Manager 500 Portfolio-I, III ATM Small Cap Portfolio AXA Balanced Strategy Portfolio AXA Conservative Growth Strategy Portfolio AXA Conservative Strategy Portfolio AXA Growth Strategy Portfolio AXA Moderate Growth Strategy Portfolio AXA Tactical Manager 2000 Portfolio-I, III AXA Tactical Manager 400 Portfolio-I, III AXA Tactical Manager International Portfolio-I, III EQ/AllianceBernstein Dynamic Wealth Strategies Portfolio EQ/AllianceBernstein International Portfolio EQ/AllianceBernstein Small Cap Growth Portfolio EQ/AXA Franklin Small Cap Value Core Portfolio EQ/BlackRock Basic Value Equity Portfolio EQ/BlackRock International Value Portfolio EQ/Boston Advisors Equity Income Portfolio EQ/Calvert Socially Responsible Portfolio EQ/Capital Guardian Growth Portfolio EQ/Capital Guardian Research Portfolio EQ/Common Stock Index Portfolio EQ/Core Bond Index EQ/Davis New York Venture Portfolio EQ/Equity 500 Index Portfolio EQ/Equity Growth PLUS Portfolio EQ/Franklin Core Balanced Portfolio EQ/Franklin Templeton Allocation Portfolio EQ/Global Bond PLUS Portfolio EQ/Global Multi-Sector Equity Portfolio EQ/Intermediate Government Bond Index Portfolio EQ/International Core PLUS Portfolio EQ/International ETF Portfolio EQ/JPMorgan Value Opportunities Portfolio EQ/Large Cap Core PLUS Portfolio EQ/Large Cap Growth Index Portfolio EQ/Large Cap Growth PLUS Portfolio EQ/Large Cap Value Index Portfolio EQ/Large Cap Value PLUS Portfolio EQ/Lord Abbett Growth and Income Portfolio EQ/Lord Abbett Large Cap Core Portfolio EQ/Mid Cap Index Portfolio EQ/Mid Cap Value PLUS Portfolio EQ/Money Market Portfolio EQ/Montag & Caldwell Growth Portfolio EQ/Morgan Stanley Mid Cap Growth Portfolio EQ/Mutual Large Cap Equity Portfolio EQ/Oppenheimer Global Portfolio EQ/PIMCO Ultra Short Bond Portfolio EQ/Quality Bond PLUS Portfolio EQ/Small Company Index Portfolio EQ/T. Rowe Price Growth Stock Portfolio EQ/Templeton Global Equity Portfolio EQ/UBS Growth and Income Portfolio EQ/Van Kampen Comstock Portfolio EQ/Wells Fargo Advantage Omega Growth Portfolio