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METROPOLITAN LIFE INSURANCE COMPANY
NEW ENGLAND VARIABLE ANNUITY FUND I (THE "FUND")
SUPPLEMENT DATED SEPTEMBER 18, 2000
TO
PROSPECTUS DATED MAY 1, 2000
The current advisory agreement between the Fund and Capital Growth Management
Limited Partnership ("CGM") will terminate when CGM's parent company, Nvest
Companies, L.P. ("Nvest"), is acquired by a new parent company, CDC Asset
Management ("CDC AM"). The Board of Managers is proposing that the
Contractholders approve a new advisory agreement between CGM and the Fund that
is substantially identical to the current advisory agreement and that will take
effect only upon the acquisition of Nvest by CDC AM. Nvest currently expects
that the acquisition will occur during the fourth quarter of 2000. After the
acquisition, which will occur only if various conditions are satisfied, CGM will
not be affiliated with the Fund (other than pursuant to the new advisory
agreement) because neither CGM nor Nvest (or their general partners or other
affiliates) will be affiliates of New England Financial or MetLife.
Contractholders will be notified if the acquisition does not occur (in which
case the current advisory agreement will remain in effect) or if the acquisition
occurs and Contractholders do not vote to approve the proposed new advisory
agreement.
