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Filed Pursuant to Rule 424(b)(3)
Registration No. 333-94119
SUPPLEMENT DATED DECEMBER 14, 2000, TO PROSPECTUS DATED FEBRUARY 11, 2000
Metropolitan has retained a New York investment banking firm and is looking
at strategic alternatives for its mortgage banking business. At present no
definitive direction has been decided upon, but Metropolitan is reviewing the
possibility of a joint venture, a sale of its residential mortgage operations or
exiting the residential mortgage banking market. No assurances can be given that
Metropolitan will be successful in entering into a strategic alternative to its
mortgage banking business.
