UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

AXA

(Name of Issuer)

Ordinary Shares (Euro 2.29 nominal value per share)

(Title of Class of Securities)

Not applicable

(CUSIP Number)

April 24, 2006

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

o Rule 13d-1(b)

x Rule 13d-1(c)

o Rule 13d-1(d)

*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

CUSIP No. N/A

13G

Page 2 of 7 Pages

1

NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS

BNP Paribas SA

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a)

(b)

X

3

SEC USE ONLY

4

CITIZENSHIP OR PLACE OF ORGANIZATION

France

NUMBER OF

5

SOLE VOTING POWER

-0 -

SHARES
BENEFICIALLY
OWNED BY
EACH

6

SHARED VOTING POWER

-118,772,444-

REPORTING
PERSON
WITH

7

SOLE DISPOSITIVE POWER

-0-

8

SHARED DISPOSITIVE POWER

-118,772,444-

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

-118,772,444-

10

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES[ ]

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

6.3%

12

TYPE OF REPORTING PERSON

BK, HC

CUSIP No. N/A

13G

Page 3 of 7 Pages

Item 1.

(a)

Name of Issuer:

AXA

(b)

Address of Issuer’s Principal Executive Offices:

25, avenue Matignon - 75008 Paris - France

Item 2.

(a)

Name of Person Filing:

BNP Paribas SA

(b)

Address of Principal Business Office:

16, boulevard des Italiens - 75009 Paris - France

(c)

Citizenship:

France

(d)

Title of Class of Securities:

Ordinary Shares

(e)

CUSIP Number:

Not Applicable

Item 3.

If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

(a)

Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o)

(b)

Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c)

(c)

Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c)

(d)

Investment company registered under Section 8 of the Investment Company Act (15 (U.S.C. 80a-8)

(e)

An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E)

(f)

An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F)

(g)

A parent holding company or control person in accordance with §240.13d-1(b)(ii)(G)

(h)

A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813)

(i)

A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3)

(j)

Group in accordance with §240.13d-1(b)(1)(ii)(J)

CUSIP No. N/A

13G

Page 4 of 7 Pages

Item 4.

Ownership

(a)

Amount Beneficially Owned:

See response to Item 9 on page 2.

(b)

Percent of Class:

See response to Item 11 on page 2.

(c)

Number of shares as to which such person has:

(i)

Sole power to vote or to direct the vote:

See response to Item 5 on page 2.

(ii)

Shared power to vote or to direct the vote:

See response to Item 6 on page 2.

(iii)

Sole power to dispose or to direct the disposition of:

See response to Item 7 on page 2.

(iv)

Shared power to direct the disposition of:

See response to Item 8 on page 2.

Item 5.

Ownership of Five Percent or Less of a Class

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following:

Item 6.

Ownership of More than Five Percent on Behalf of Another Person

Not Applicable

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company

See Schedule I.

Item 8.

Identification and Classification of Members of the Group

Not Applicable

Item 9.

Notice of Dissolution of Group

Not Applicable

CUSIP No. N/A

13G

Page 5 of 7 Pages

Item 10.

Certification

CUSIP No. N/A

13G

Page 6 of 7 Pages

Number of Shares

BNP Paribas Arbitrage

1,531,720

BNP Paribas Assurances

3,470,275

BNP Paribas SA

108,587,465

BNP Paribas Securities Services

1,724,751

Financière BNP Paribas

3,458,233

TOTAL

118,772,444

CUSIP No. N/A

13G

Page 7 of 7 Pages