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FILED PURSUANT TO RULE 424(b)(3)
REGISTRATION NO. 333-94131
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.
