Alfred Ayensu-Ghartey
Vice President and
Associate General Counsel
(212) 314-2777
alfred.ayensu-ghartey@equitable.com
September 9, 2025
VIA EDGAR
Securities and Exchange Commission
100 F Street, N.E.
Washington, D.C. 20549
| Re: | Separate Account No. 45 (the “Account”) Registration Nos.: |
| 333-44996 and 811-08754 Accumulator Advisor |
| 033-83750 and 811-08754 Accumulator |
| 333-64751 and 811-08754 Accumulator Plus |
| 333-73121 and 811-08754 Accumulator Select |
| 333-61380 and 811-08754 Accumulator Elite |
Commissioners:
Equitable Financial, on behalf of Registrant, has sent to contract owners the semi-annual report, for the period ended June 30, 2025, for the following underlying mutual funds (“Funds”) in which Registrant invests:
| • | EQ Advisors Trust – underlying funds: |
1290 VT GAMCO Mergers & Acquisitions
1290 VT GAMCO Small Company Value
1290 VT SmartBeta Equity ESG
1290 VT Socially Responsible
EQ/400 Managed Volatility
EQ/2000 Managed Volatility
EQ/Aggressive Allocation
EQ/Aggressive Growth Strategy
EQ/Balanced Strategy
EQ/Conservative Allocation
EQ/Conservative-Plus Allocation
EQ/Franklin Small Cap Value Managed Volatility
EQ/Global Equity Managed Volatility
EQ/International Core Managed Volatility
EQ/International Value Managed Volatility
EQ/Janus Enterprise
EQ/Large Cap Core Managed Volatility
EQ/Large Cap Growth Managed Volatility
EQ/Large Cap Value Managed Volatility
EQ/Mid Cap Value Managed Volatility
EQ/Moderate Allocation
EQ/Moderate-Plus Allocation
EQ/AB Short Duration Government Bond
EQ/AB Small Cap Growth
EQ/ClearBridge Select Equity Managed Volatility
EQ/Common Stock Index
EQ/Core Bond Index
EQ/Equity 500 Index
EQ/Intermediate Government Bond
EQ/International Equity Index
EQ/Large Cap Growth Index
EQ/Large Cap Value Index