EX-99 12 y032004scbacmchldinglp99w19.txt EXHIBIT 19 11 y032004scbacmchldinglp99w19.txt Page 60 of 61 Pages Exhibit 19 AXA Financial, Inc. The Equitable Life Assurance Society of the United States 1290 Avenue of the Americas New York, New York 10104 Kathryn E. Schneider Vice President and Counsel Law Department March 2, 2004 Mr. Gerald M. Lieberman c/o Alliance Capital Management L.P. 1345 Avenue of the Americas New York, NY 10105 Dear Mr. Lieberman: Pursuant to Sections 2.1 and 2.4.2 of the Purchase Agreement dated as of June 20, 2000 (the "Purchase Agreement") by and among Alliance Capital Management L.P. ("Alliance"), AXA Financial, Inc. and Sanford C. Bernstein Inc. relating to the purchase and sale of Buyer Units (except as otherwise stated, capitalized terms used herein shall have the same meaning as in the Purchase Agreement), AXA Financial hereby specifies Friday, March 5, 2004 as the Settlement Date for the purchase of the Buyer Units subject to the Exercise Notice to AXA Financial and Alliance from SCB Inc. and SCB Partners Inc., dated February 20, 2004, and hereby designates ECMC, LLC as the Designated Entity to purchase the Buyer Units subject to such Exercise Notice. In addition, please note that any notice you give under the Purchase Agreement to AXA Financial should be given to: 60 Page 61 of 61 Pages Stanley B. Tulin Vice Chairman and Chief Financial Officer 1290 Avenue of the Americas New York, NY 10104 Fax: (212) 707-1920 Tel: (212) 314-4515 with copies to: Kevin R. Byrne Senior Vice President and Treasurer 1290 Avenue of the Americas New York, NY 10104 Fax: (212) 707-1504 Tel: (212) 314-4081 and Stuart L. Faust Senior Vice President and Deputy General Counsel 1290 Avenue of the Americas New York, NY 10104 Fax: (212) 707-1900 Tel: (212) 314-3843 Please call me if you have any comments. Sincerely yours, /s/ Kathryn E. Schneider ------------------------------- Kathryn E. Schneider cc: Mark Manley Kevin Byrne Stuart Faust 61