METROPOLITAN TOWER SEPARATE ACCOUNT ONE
24F-2NT, 1996-03-01
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                    U.S. SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549
                                  FORM 24F-2
                       Annual Notice of Securities Sold
                            Pursuant to Rule 24f-2



1.   Name and address of issuer:

                         Metropolitan Tower Separate Account One
                         c/o Metropolitan Tower Life Insurance Company
                         One Madison Avenue, New York, New York, 10010-3690

2.   Name of each series or class of funds for which this notice is filed:

    Growth Division, Income Division, Money Market Division, 
    Diversified Division

3.   Investment Company Act File Number: 811-3617

     Securities Act File Number: 2-80749

4.   Last day of fiscal year for which this notice is filed: December 31, 1995


5.   Check box if this  notice  is being  filed  more than 180 days  after the
     close of the issuer's  fiscal year for  purposes of reporting  securities
     sold after the close of the fiscal  year but  before  termination  of the
     issuer's 24f-2 declaration:
                                                                       [  ]

6.  Date of  termination  of  issuer's   declaration   under  rule 24f-2(a)(l),
    if applicable (see Instruction A.6):
                                             
          n/a

7.   Number and  amount of  securities  of the same class or series  which had
     been  registered  under the Securities Act of 1933 other than pursuant to
     rule  24f-2 in a prior  fiscal  year,  but which  remained  unsold at the
     beginning of the fiscal year:

         None




<PAGE>



8.   Number and amount of securities registered during the fiscal year other
     than pursuant to rule 24f-2:

         None

9.   Number and aggregate sale price of securities sold during the fiscal year:

                  *        $962,317.00

                  *  Rather  than  shares  or  units,   the  securities   sold
                  constitute  interests in the Separate Account, the aggregate
                  sales  price of which  equals  the total  aggregate  amounts
                  allocated to the Separate  Account together with any related
                  front  end  sales  charges.  The  aggregate  sales  price is
                  estimated to be $962,317.00.  The aggregate  redemptions set
                  forth  in line 12  (iii)  is also an  estimate,  but the net
                  aggregate  price of securities  sold and issued as set forth
                  in line 12 (v) and on which the fee is based is exact.

10.   Number and  aggregate  sale price of  securities  sold during the fiscal
      year in reliance upon registration pursuant to rule 24f-2:

                  *        $962,317.00


11.   Number and aggregate  sale price of securities  issued during the fiscal
      year in connection with dividend  reinvestment plans, if applicable (see
      Instruction B.7):


12.   Calculation of registration fee:

(i) Aggregate sale price of securities sold during the fiscal
    year in reliance on rule 24f-2 (from Item 10):              $962,317.00


(ii) Aggregate  price of shares issued in connection with     +
     dividend reinvestment plans (from Item 11, if applicable):      n/a


(iii) Aggregate price of shares redeemed or repurchased      -  $455,834.00
      during the fiscal year (if applicable):

(iv) Aggregate price of shares redeemed or repurchased        +
     and previously applied as a reduction to filing fees
     pursuant to rule 24e-2 (if applicable):                         n/a



<PAGE>


(v)  Net aggregate  price of securities sold and issued during the fiscal year
     in  reliance on rule 24f-2  [line (i),  plus line (ii),  less line (iii),
     plus line (iv)]
     (if applicable):                                            $506,483.00


(vi) Multiplier  prescribed by Section 6(b) of the  Securities x 1/2900 Act of
     1933 or other applicable law or regulation (see Instruction C.6):

(vii) Fee due [line (I) or line (v) multiplied by line (vi)]: 

                                                                   $174.65
                                                                =============

Instruction:Issuers  should complete lines (ii), (iii),  (iv), and (v) only if
the form is being filed within 60 days after the close of the issuer's  fiscal
year. See Instruction C.3.

13.   Check  box if  fees  are  being  remitted  to the  Commission's  lockbox
      depository  as  described  in  section  3a of the  Commissions  Rules of
      Informal and Other Procedures (17 CFR 202.3a).
                                                                 [X]

      Date of  mailing or wire  transfer  of filing  fees to the  Commission's
lockbox depository:  February 28, 1996




                                  SIGNATURES


This report has been signed  below by the  following  persons on behalf of the
issuer and in the capacities and on the dates indicated.

By (Signature and Title)*

                           /s/ Anthony Amodeo
                           Anthony Amodeo
                           Vice President and Actuary
                           Metropolitan Tower Life Insurance Company


Date:             February 23, 1996

* Please print the name and title of the signing officer below the signature.


<PAGE>




Metropolitan Tower Life Insurance Company
One Madison Avenue, New York, NY 10010-3690


                                    MetLife



U.S. Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549

Re:      Rule 24f-2
         Notice for Separate Account One of
         Metropolitan Tower Life Insurance Company
         Registration No. 2-80749
         File No. 811-3617

Gentlemen:

It is my opinion that the securities  issued in connection  with the captioned
filing and which this notice makes  definite in number were legally issued and
fully paid and are non-assessable.


Sincerely,


/s/ Christopher P. Nicholas
Christopher P. Nicholas
Assistant General Counsel and
Assistant Secretary

February 28, 1996




<PAGE>





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