UNITED STATES SECURITIES AND
    EXCHANGE COMMISSION
 Washington, D.C.
    20549
    FORM 10-Q
  (Mark One)þ

QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF
    THE
    SECURITIES EXCHANGE ACT OF 1934FOR THE QUARTERLY PERIOD ENDED
    MARCH 31, 2008ORo

TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF
    THE
    SECURITIES EXCHANGE ACT OF 1934FOR THE TRANSITION PERIOD
    FROM          TO   Commission file number:
    33-03094
    MetLife Insurance Company of
    Connecticut
 (Exact name of registrant as
    specified in its charter)
  Connecticut

06-0566090(State or other jurisdiction
    of
    incorporation or organization)

(I.R.S. Employer
    Identification No.)One Cityplace, Hartford, Connecticut(Address of principal
    executive offices)

06103-3415(Zip
    Code)   (860) 308-1000
 (Registrants telephone
    number, including area code)
  þ o
  12b-2
  Large
    accelerated
    filer o
    Accelerated
    filer o Non-accelerated
    filer þ
    Smaller
    reporting
    company o    Rule 12b-2 o þ
    REDUCED
    DISCLOSURE FORMAT
  The registrant meets the conditions set forth in General
    Instruction H(1)(a) and (b) of
    Form 10-Q
    and is, therefore, filing this
    Form 10-Q
    with the reduced disclosure format.




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##### 





Table of
    Contents
  PagePart I  Financial Information


4Item 1.  Financial Statements at
    March 31, 2008 (Unaudited) and December 31, 2007 and
    for the Three Months Ended March 31, 2008 and 2007
    (Unaudited)


4Interim Condensed Consolidated Balance Sheets


4Interim Condensed Consolidated Statements of Income


5Interim Condensed Consolidated Statement of Stockholders
    Equity


6Interim Condensed Consolidated Statements of Cash Flows


7Notes to Interim Condensed Consolidated Financial Statements


8Item 2.  Managements Discussion and
    Analysis of Financial Condition and Results of Operations


38Item 3.  Quantitative and Qualitative
    Disclosures About Market Risk


48Item 4(T).  Controls and Procedures


52Part II  Other Information


52Item 1.  Legal Proceedings


52Item 6.  Exhibits


53Signatures


54Exhibit Index


E-1  2




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##### 



Note
    Regarding Forward-Looking Statements
  Form 10-Q,
 3




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##### 



Part I 
    Financial Information  Item 1.
    Financial
    Statements  MetLife
    Insurance Company of Connecticut (A
    Wholly-Owned Subsidiary of MetLife, Inc.)
  Interim Condensed Consolidated Balance Sheets
 March 31, 2008 (Unaudited) and December 31, 2007
  (In millions, except share and per share data)
  March 31,


December 31,2008


2007AssetsInvestments:Fixed maturity securities available-for-sale, at estimated fair
    value (amortized cost: $46,195 and $46,264, respectively)

$
44,899


$
45,671Equity securities available-for-sale, at estimated fair value
    (cost: $1,006 and $992, respectively)


916



952Mortgage and consumer loans


4,438



4,404Policy loans


1,199



913Real estate and real estate joint ventures held-for-investment


560



541Other limited partnership interests


1,168



1,130Short-term investments


1,027



1,335Other invested assets


1,796



1,445Total investments


56,003



56,391Cash and cash equivalents


2,019



1,774Accrued investment income


557



637Premiums and other receivables


9,001



8,320Deferred policy acquisition costs and value of business acquired


4,989



4,948Current income tax recoverable


122



72Deferred income tax assets


979



846Goodwill


953



953Other assets


773



753Separate account assets


49,372



53,867Total assets

$
124,768


$
128,561Liabilities and Stockholders EquityLiabilitiesFuture policy benefits

$
19,675


$
19,576Policyholder account balances


33,984



33,815Other policyholder funds


1,795



1,777Long-term debt - affiliated


635



635Payables for collateral under securities loaned and other
    transactions


10,535



10,471Other liabilities


1,720



1,072Separate account liabilities


49,372



53,867Total liabilities


117,716



121,213Contingencies, Commitments and Guarantees (Note 5)Stockholders EquityCommon stock, par value $2.50 per share; 40,000,000 shares
    authorized; 34,595,317 shares issued and outstanding at
    both March 31, 2008 and December 31, 2007


86



86Additional paid-in capital


6,719



6,719Retained earnings


1,002



892Accumulated other comprehensive loss


(755
)


(349
)Total stockholders equity


7,052



7,348Total liabilities and stockholders equity

$
124,768


$
128,561   See accompanying notes to interim condensed consolidated
    financial statements.
 4




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##### 



MetLife
    Insurance Company of Connecticut (A
    Wholly-Owned Subsidiary of MetLife, Inc.)
 Interim Condensed Consolidated Statements of Income

For the Three Months Ended March 31, 2008 and 2007
    (Unaudited)



(In millions) Three Months Ended March 31,2008


2007RevenuesPremiums

$
155


$
88Universal life and investment-type product policy fees


400



328Net investment income


662



695Other revenues


56



61Net investment gains (losses)


(45
)


(75
)Total revenues


1,228



1,097ExpensesPolicyholder benefits and claims


325



225Interest credited to policyholder account balances


308



322Other expenses


457



356Total expenses


1,090



903Income from continuing operations before provision for income tax


138



194Provision for income tax


28



42Income from continuing operations


110



152Income from discontinued operations, net of income tax






4Net income

$
110


$
156   See accompanying notes to interim condensed consolidated
    financial statements.
 5




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##### 



MetLife
    Insurance Company of Connecticut
  Interim Condensed Consolidated Statement of
    Stockholders Equity

For the Three Months Ended March 31, 2008
    (Unaudited)



(In millions) Accumulated Other Comprehensive Income (Loss)Net


ForeignAdditional





Unrealized


CurrencyCommon


Paid-in


Retained


Investment


TranslationStock


Capital


Earnings


Gains (Losses)


Adjustments


TotalBalance at January 1, 2008

$
86


$
6,719


$
892


$
(361
)

$
12


$
7,348Comprehensive income (loss):Net income










110











110Other comprehensive income (loss):Unrealized gains (losses) on derivative instruments, net of
    income tax














(4
)






(4
)Unrealized investment gains (losses), net of related offsets and
    income tax














(395
)






(395
)Foreign currency translation adjustments, net of income tax


















(7
)


(7
)Other comprehensive income (loss)






















(406
)Comprehensive income (loss)






















(296
)Balance at March 31, 2008

$
86


$
6,719


$
1,002


$
(760
)

$
5


$
7,052   See accompanying notes to interim condensed consolidated
    financial statements.
 6




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##### 



MetLife
    Insurance Company of Connecticut (A
    Wholly-Owned Subsidiary of MetLife, Inc.)
 Interim Condensed Consolidated Statements of Cash Flows

For the Three Months Ended March 31, 2008 and 2007
    (Unaudited)



(In millions) Three Months EndedMarch 31,2008


2007Net cash provided by operating activities

$
844


$
1,283Cash flows from investing activitiesSales, maturities and repayments of:Fixed maturity securities


4,693



5,947Equity securities


25



44Mortgage and consumer loans


171



253Real estate and real estate joint ventures


10



54Other limited partnership interests


21



215Purchases of:Fixed maturity securities


(4,645
)


(6,778
)Equity securities


(42
)


(48
)Mortgage and consumer loans


(232
)


(1,000
)Real estate and real estate joint ventures


(30
)


(3
)Other limited partnership interests


(74
)


(159
)Net change in policy loans


(286
)


6Net change in short-term investments


312



(53
)Net change in other invested assets


(231
)


(15
)Other, net






2Net cash used in investing activities


(308
)


(1,535
)Cash flows from financing activitiesPolicyholder account balances:Deposits


1,964



2,070Withdrawals


(2,334
)


(2,942
)Net change in payables for collateral under securities loaned
    and other transactions


64



1,478Net change in short-term debt  affiliated






252Financing element on certain derivative instruments


15



33Net cash (used in) provided by financing activities


(291
)


891Change in cash and cash equivalents


245



639Cash and cash equivalents, beginning of period


1,774



649Cash and cash equivalents, end of period

$
2,019


$
1,288Supplemental disclosures of cash flow information:Net cash paid during the period for:Interest

$
13


$
8Income tax

$
2


$
1     See accompanying notes to interim condensed consolidated
    financial statements.
 7




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##### 



MetLife
    Insurance Company of Connecticut (A
    Wholly-Owned Subsidiary of MetLife, Inc.)Notes to Interim Condensed Consolidated
    Financial Statements (Unaudited)
  1.
    Business,
    Basis of Presentation and Summary of Significant Accounting
    Policies  Business
    Basis
    of Presentation
    (i)
    the fair value of investments in the absence of quoted market
    values;(ii)
    investment impairments;(iii)
    the recognition of income on certain investment entities;(iv)
    the application of the consolidation rules to certain
    investments;(v)
    the existence and fair value of embedded derivatives requiring
    bifurcation;(vi)
    the fair value of and accounting for derivatives;(vii)
    the capitalization and amortization of deferred policy
    acquisition costs (DAC) and the establishment and
    amortization of value of business acquired (VOBA);(viii)
    the measurement of goodwill and related impairment, if any;(ix)
    the liability for future policyholder benefits;(x)
    accounting for income taxes and the valuation of deferred tax
    assets;(xi)
    accounting for reinsurance transactions; and(xii)
    the liability for litigation and regulatory matters.       8




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##### 



MetLife
    Insurance Company of Connecticut (A
    Wholly-Owned Subsidiary of MetLife, Inc.)Notes to Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
    Form 10-K Form 10-K/A,
  Adoption
    of New Accounting Pronouncements
  Fair
    Value
  Fair Value
    Measurements
    Level 1
    Unadjusted quoted prices in active markets for identical assets
    or liabilities.Level 2
    Quoted prices in markets that are not active or inputs that are
    observable either directly or indirectly. Level 2 inputs
    include quoted prices for similar assets or liabilities other
    than quoted prices in Level 1; quoted prices in markets
    that are not active; or other inputs that are observable or can
    be derived principally from or corroborated by observable market
    data for substantially the full term of the assets or
    liabilities. 9




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##### 



MetLife
    Insurance Company of Connecticut (A
    Wholly-Owned Subsidiary of MetLife, Inc.)Notes to Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
  Level 3
    Unobservable inputs that are supported by little or no market
    activity and are significant to the fair value of the assets or
    liabilities. Unobservable inputs reflect the reporting
    entitys own assumptions about the assumptions that market
    participants would use in pricing the asset or liability.
    Level 3 assets and liabilities include financial
    instruments whose values are determined using pricing models,
    discounted cash flow methodologies, or similar techniques, as
    well as instruments for which the determination of fair value
    requires significant management judgment or estimation.    The
    Fair Value Option for Financial Assets and Financial Liabilities instrument-by-instrument
  No. FAS 157-1, Application of FASB Statement No. 157 to FASB Statement
    No. 13 and Other Accounting Pronouncements That Address
    Fair Value Measurements for Purposes of Lease Classification or
    Measurement under Statement 13 (FSP 157-1). FSP 157-1 Accounting for Leases No. FAS 157-2, Effective Date of FASB Statement No. 157
  Other
  No. FIN 39-1, Amendment of FASB Interpretation No. 39 (FSP 39-1). FSP 39-1 Offsetting of Amounts
    Related to Certain Contracts
 10




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##### 



MetLife
    Insurance Company of Connecticut (A
    Wholly-Owned Subsidiary of MetLife, Inc.)Notes to Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
  FSP 39-1 FSP 39-1, FSP 39-1
  Accounting for Derivative Instruments
    and Hedging Activities E-23, Clarification of the Application of the Shortcut Method E-23). E-23 E-23
  Future
    Adoption of New Accounting Pronouncements
  Business
    Combinations
  Business Combinations  A
    Replacement of FASB Statement No. 141 Noncontrolling Interests in Consolidated Financial
    Statements  An Amendment of ARB No. 51
  
    All business combinations (whether full, partial or
    step acquisitions) result in all assets and
    liabilities of an acquired business being recorded at fair
    value, with limited exceptions.
    Acquisition costs are generally expensed as incurred;
    restructuring costs associated with a business combination are
    generally expensed as incurred subsequent to the acquisition
    date.
    The fair value of the purchase price, including the issuance of
    equity securities, is determined on the acquisition date.
    Certain acquired contingent liabilities are recorded at fair
    value at the acquisition date and subsequently measured at
    either the higher of such amount or the amount determined under
    existing guidance for non-acquired contingencies.
    Changes in deferred tax asset valuation allowances and income
    tax uncertainties after the acquisition date generally affect
    income tax expense.
    Noncontrolling interests (formerly known as minority
    interests) are valued at fair value at the acquisition
    date and are presented as equity rather than liabilities.
    When control is attained on previously noncontrolling interests,
    the previously held equity interests are remeasured at fair
    value and a gain or loss is recognized. 11




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##### 



MetLife
    Insurance Company of Connecticut (A
    Wholly-Owned Subsidiary of MetLife, Inc.)Notes to Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
   
    Purchases or sales of equity interests that do not result in a
    change in control are accounted for as equity transactions.
    When control is lost in a partial disposition, realized gains or
    losses are recorded on equity ownership sold and the remaining
    ownership interest is remeasured and holding gains or losses are
    recognized.    No. FAS 142-3, Determination of the Useful Life of Intangible Assets (FSP 142-3). FSP 142-3 Goodwill and Other Intangible Assets FSP 142-3
  Derivatives
  Disclosures about Derivative Instruments and Hedging
    Activities An Amendment of FASB Statement
    No. 133
  Other
  No. FAS 140-3, Accounting for Transfers of Financial Assets and Repurchase
    Financing Transactions (FSP 140-3). FSP 140-3 FSP 140-3 FSP 140-3
  No. 07-6, Accounting for the Sale of Real Estate When the Agreement
    Includes a Buy-Sell Clause (EITF 07-6). EITF 07-6 EITF 07-6 EITF 07-6
 12




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##### 



MetLife
    Insurance Company of Connecticut (A
    Wholly-Owned Subsidiary of MetLife, Inc.)Notes to Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
  2.
    Investments  Fixed
    Maturity and Equity Securities Available-for-Sale
    March 31, 2008Cost orAmortized


Gross Unrealized


Estimated


% ofCost


Gain


Loss


Fair Value


Total(In millions)U.S. corporate securities

$
16,727


$
153


$
931


$
15,949



35.5
%Residential mortgage-backed securities


12,471



163



275



12,359



27.5Foreign corporate securities


6,431



129



275



6,285



14.0U.S. Treasury/agency securities


3,650



181



9



3,822



8.5Commercial mortgage-backed securities


3,404



9



180



3,233



7.2Asset-backed securities


2,217



6



265



1,958



4.4Foreign government securities


572



38



2



608



1.4State and political subdivision securities


723



8



46



685



1.5Total fixed maturity securities

$
46,195


$
687


$
1,983


$
44,899



100.0
%Non-redeemable preferred stock

$
765


$
25


$
111


$
679



74.1
%Common stock


241



7



11



237



25.9Total equity securities

$
1,006


$
32


$
122


$
916



100.0
%   December 31, 2007Cost orAmortized


Gross Unrealized


Estimated


% ofCost


Gain


Loss


Fair Value


Total(In millions)U.S. corporate securities

$
17,174


$
119


$
618


$
16,675



36.5
%Residential mortgage-backed securities


11,914



98



80



11,932



26.1Foreign corporate securities


6,536



83



184



6,435



14.1U.S. Treasury/agency securities


3,976



126



11



4,091



9.0Commercial mortgage-backed securities


3,182



28



67



3,143



6.9Asset-backed securities


2,236



4



108



2,132



4.7Foreign government securities


635



55



2



688



1.5State and political subdivision securities


611



4



40



575



1.2Total fixed maturity securities

$
46,264


$
517


$
1,110


$
45,671



100.0
%Non-redeemable preferred stock

$
777


$
21


$
63


$
735



77.2
%Common stock


215



9



7



217



22.8Total equity securities

$
992


$
30


$
70


$
952



100.0
%    13




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##### 



MetLife
    Insurance Company of Connecticut (A
    Wholly-Owned Subsidiary of MetLife, Inc.)Notes to Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
        Unrealized
    Loss for Fixed Maturity and Equity Securities
    Available-for-Sale
    March 31, 2008Equal to or GreaterLess than 12 months


than 12 months


TotalGross





Gross





GrossEstimated


Unrealized


Estimated


Unrealized


Estimated


UnrealizedFair Value


Loss


Fair Value


Loss


Fair Value


Loss(In millions, except number of securities)U.S. corporate securities

$
6,931


$
508


$
3,882


$
423


$
10,813


$
931Residential mortgage-backed securities


3,972



222



529



53



4,501



275Foreign corporate securities


2,085



157



1,391



118



3,476



275U.S. Treasury/agency securities


306



3



166



6



472



9Commercial mortgage-backed securities


1,857



71



849



109



2,706



180Asset-backed securities


1,408



212



272



53



1,680



265Foreign government securities


62



1



17



1



79



2State and political subdivision securities


144



20



326



26



470



46Total fixed maturity securities

$
16,765


$
1,194


$
7,432


$
789


$
24,197


$
1,983Equity securities

$
417


$
67


$
207


$
55


$
624


$
122Total number of securities in an unrealized loss position


2,162







1,077   14




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##### 



MetLife
    Insurance Company of Connecticut (A
    Wholly-Owned Subsidiary of MetLife, Inc.)Notes to Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
  December 31, 2007Equal to or GreaterLess than 12 months


than 12 months


TotalGross





Gross





GrossEstimated


Unrealized


Estimated


Unrealized


Estimated


UnrealizedFair Value


Loss


Fair Value


Loss


Fair Value


Loss(In millions, except number of securities)U.S. corporate securities

$
6,643


$
316


$
5,010


$
302


$
11,653


$
618Residential mortgage-backed securities


2,374



52



1,160



28



3,534



80Foreign corporate securities


2,350



86



2,234



98



4,584



184U.S. Treasury/agency securities


307



2



343



9



650



11Commercial mortgage-backed securities


417



26



1,114



41



1,531



67Asset-backed securities


1,401



91



332



17



1,733



108Foreign government securities


63



1



62



1



125



2State and political subdivision securities


84



9



387



31



471



40Total fixed maturity securities

$
13,639


$
583


$
10,642


$
527


$
24,281


$
1,110Equity securities

$
386


$
42


$
190


$
28


$
576


$
70Total number of securities in an unrealized loss position


2,011







1,487   Aging
    of Gross Unrealized Loss for Fixed Maturity and Equity
    Securities Available-for-Sale
    March 31, 2008Cost or


Gross


Number ofAmortized Cost


Unrealized Loss


SecuritiesLess than


20% or


Less than


20% or


Less than


20% or20%


more


20%


more


20%


more(In millions, except number of securities)Less than six months

$
12,912


$
2,475


$
514


$
682



1,581



364Six months or greater but less than nine months


1,449



38



110



19



211



7Nine months or greater but less than twelve months


2,492







213







258



Twelve months or greater


7,560







567







889



Total

$
24,413


$
2,513


$
1,404


$
701   15




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##### 



MetLife
    Insurance Company of Connecticut (A
    Wholly-Owned Subsidiary of MetLife, Inc.)Notes to Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
  December 31, 2007Cost or


Gross


Number ofAmortized Cost


Unrealized Loss


SecuritiesLess than


20% or


Less than


20% or


Less than


20% or20%


more


20%


more


20%


more(In millions, except number of securities)Less than six months

$
10,721


$
484


$
368


$
130



1,923



98Six months or greater but less than nine months


3,011







155







337



Nine months or greater but less than twelve months


1,560







86







174



Twelve months or greater


10,261







441







1,375



Total

$
25,553


$
484


$
1,050


$
130        16




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##### 



MetLife
    Insurance Company of Connecticut (A
    Wholly-Owned Subsidiary of MetLife, Inc.)Notes to Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
    March 31,


December 31,2008


2007Sector:U.S. corporate securities


44
%


52
%Foreign corporate securities


13



16Asset-backed securities


13



9Residential mortgage-backed securities


13



7Commercial mortgage-backed securities


9



6U.S. Treasury/agency securities






1Other


8



9Total


100
%


100
%Industry:Finance


33
%


36
%Industrial


2



23Mortgage-backed


22



13Utility


6



8Consumer


9



3Communication


8



2Government






1Other


20



14Total


100
%


100
%   security-by-security
   17




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##### 



MetLife
    Insurance Company of Connecticut (A
    Wholly-Owned Subsidiary of MetLife, Inc.)Notes to Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
    Securities
    Lending
    Net
    Investment Income
    Three Months Ended March 31,2008


2007(In millions)Fixed maturity securities

$
651


$
681Equity securities


12



5Mortgage and consumer loans


67



59Policy loans


16



13Real estate and real estate joint ventures


7



9Other limited partnership interests


(3
)


44Cash, cash equivalents and short-term investments


20



27Other invested assets


(2
)


6Total investment income


768



844Less: Investment expenses


106



149Net investment income

$
662


$
695    18




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##### 



MetLife
    Insurance Company of Connecticut (A
    Wholly-Owned Subsidiary of MetLife, Inc.)Notes to Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
  Net
    Investment Gains (Losses)
    Three Months Ended March 31,2008


2007(In millions)Fixed maturity securities

$
(50
)

$
(42
)Equity securities


(9
)


3Mortgage and consumer loans


(23
)


(1
)Real estate and real estate joint ventures


(2
)


Other limited partnership interests


(2
)


(12
)Derivatives


195



(3
)Other


(154
)


(20
)Net investment gains (losses)

$
(45
)

$
(75
)       3.
    Derivative
    Financial Instruments  Types
    of Derivative Financial Instruments
    March 31, 2008


December 31, 2007Current Market





Current MarketNotional


or Fair Value


Notional


or Fair ValueAmount


Assets


Liabilities


Amount


Assets


Liabilities(In millions)Interest rate swaps

$
8,391


$
401


$
282


$
12,437


$
336


$
144Interest rate floors


12,071



216







12,071



159



Interest rate caps


5,021



1







10,715



7



Financial futures


1,002



1



2



721



2



5Foreign currency swaps


3,735



999



147



3,716



788



97Foreign currency forwards


169



1



6



167



2



Options






120











85



1Financial forwards


2,871



31



2



1,108



20



Credit default swaps


346



4



5



1,013



5



3Other


103







1











Total

$
33,709


$
1,774


$
445


$
41,948


$
1,404


$
250  19




---



##### 



MetLife
    Insurance Company of Connecticut (A
    Wholly-Owned Subsidiary of MetLife, Inc.)Notes to Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
        Hedging
    March 31, 2008


December 31, 2007Notional


Fair Value


Notional


Fair ValueAmount


Assets


Liabilities


Amount


Assets


Liabilities(In millions)Fair value

$
673


$
45


$
7


$
651


$
20


$
3Cash flow


486



123



7



486



85



3Non-qualifying


32,550



1,606



431



40,811



1,299



244Total

$
33,709


$
1,774


$
445


$
41,948


$
1,404


$
250     Three Months Ended March 31,2008


2007(In millions)Qualifying hedges:Interest credited to policyholder account balances

$
1


$
(1
)Non-qualifying hedges:Net investment gains (losses)


19



17Total

$
20


$
16   Fair
    Value Hedges
   20




---



##### 



MetLife
    Insurance Company of Connecticut (A
    Wholly-Owned Subsidiary of MetLife, Inc.)Notes to Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
    Three Months EndedMarch 31,2008


2007(In millions)Changes in the fair value of derivatives

$
22


$
1Changes in the fair value of the items hedged


(21
)


(1
)Net ineffectiveness of fair value hedging activities

$
1


$
     Cash
    Flow Hedges
        Three Months EndedMarch 31,2008


2007(In millions)Other comprehensive income (loss) balance at the beginning of
    the period

$
(13
)

$
(9
)Gains (losses) deferred in other comprehensive income (loss) on
    the effective portion of cash flow hedges


34



3Amounts reclassified to net investment gains (losses)


(40
)


(5
)Other comprehensive income (loss) balance at the end of the
    period

$
(19
)

$
(11
)     Non-qualifying
    Derivatives and Derivatives for Purposes Other Than
    Hedging
   21




---



##### 



MetLife
    Insurance Company of Connecticut (A
    Wholly-Owned Subsidiary of MetLife, Inc.)Notes to Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
      Three Months Ended March 31,2008

2007(In millions)Net investment gains (losses), excluding embedded derivatives

$
35


$
(30
)   Embedded
    Derivatives
      March 31,


December 31,2008


2007(In millions)Net embedded derivatives within asset host contracts

$
951


$
382Net embedded derivatives within liability host contracts

$
680


$
257     Three Months EndedMarch 31,2008


2007(In millions)Net investment gains (losses)

$
139


$
10   Credit
    Risk
       22




---



##### 



MetLife
    Insurance Company of Connecticut (A
    Wholly-Owned Subsidiary of MetLife, Inc.)Notes to Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
      4.
    Insurance  Insurance
    Liabilities
    Future Policy Benefits


Policyholder Account Balances


Other Policyholder FundsMarch 31,


December 31,


March 31,


December 31,


March 31,


December 31,2008


2007


2008


2007


2008


2007(In millions)IndividualTraditional life

$
936


$
921


$



$



$
50


$
50Universal/variable life


599



575



5,102



4,995



1,530



1,496Annuities


965



944



15,183



15,058



30



36Other










51



47







InstitutionalGroup life


218



220



855



763



5



5Retirement & savings


12,031



12,040



12,346



12,780







Non-medical health & other


304



303











2



2Corporate & Other(1)


4,622



4,573



447



172



178



188Total

$
19,675


$
19,576


$
33,984


$
33,815


$
1,795


$
1,777     (1)
    
    Corporate & Other includes intersegment eliminations.   23




---



##### 



MetLife
    Insurance Company of Connecticut (A
    Wholly-Owned Subsidiary of MetLife, Inc.)Notes to Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
  5.
    Contingencies,
    Commitments and Guarantees  Contingencies
  Litigation
  and/or
           24




---



##### 



MetLife
    Insurance Company of Connecticut (A
    Wholly-Owned Subsidiary of MetLife, Inc.)Notes to Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
  and/or
  Commitments
  Commitments
    to Fund Partnership Investments
    Mortgage
    Loan Commitments
    Commitments
    to Fund Bank Credit Facilities and Private Corporate Bond
    Investments
    Other
    Commitments
    Guarantees
     25




---



##### 



MetLife
    Insurance Company of Connecticut (A
    Wholly-Owned Subsidiary of MetLife, Inc.)Notes to Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
        6.
    Comprehensive
    Income (Loss)    Three Months EndedMarch 31,2008


2007(In millions)Net income

$
110


$
156Other comprehensive income (loss):Unrealized gains (losses) on derivative instruments, net of
    income tax


(4
)


(1
)Unrealized investment gains (losses), net of related offsets and
    income tax


(395
)


74Foreign currency translation adjustments, net of income tax


(7
)


3Other comprehensive income (loss):


(406
)


76Comprehensive income (loss)

$
(296
)

$
232   7.
    Other
    Expenses    Three Months EndedMarch 31,2008


2007(In millions)Compensation

$
28


$
26Commissions


170



175Interest and debt issue costs


11



8Amortization of DAC and VOBA


287



192Capitalization of DAC


(177
)


(165
)Rent, net of sublease income


1



1Insurance tax


10



8Other


127



111Total other expenses

$
457


$
356    26




---



##### 



MetLife
    Insurance Company of Connecticut (A
    Wholly-Owned Subsidiary of MetLife, Inc.)Notes to Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
  8.
    Business
    Segment Information    start-up
      Corporate &For the Three Months Ended March 31, 2008

Individual


Institutional


Other


Total(In millions)Statement of Income:Premiums

$
61


$
88


$
6


$
155Universal life and investment-type product policy fees


389



11







400Net investment income


279



363



20



662Other revenues


56











56Net investment gains (losses)


135



(203
)


23



(45
)Policyholder benefits and claims


123



194



8



325Interest credited to policyholder account balances


178



130







308Other expenses


431



14



12



457Income (loss) from continuing operations before provision
    (benefit) for income tax


188



(79
)


29



138Provision (benefit) for income tax


64



(27
)


(9
)


28Net income (loss)

$
124


$
(52
)

$
38


$
110   27




---



##### 



MetLife
    Insurance Company of Connecticut (A
    Wholly-Owned Subsidiary of MetLife, Inc.)Notes to Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
  Corporate &For the Three Months Ended March 31, 2007

Individual


Institutional


Other


Total(In millions)Statement of Income:Premiums

$
76


$
6


$
6


$
88Universal life and investment-type product policy fees


317



11







328Net investment income


269



355



71



695Other revenues


56



5







61Net investment gains (losses)


(17
)


(57
)


(1
)


(75
)Policyholder benefits and claims


101



116



8



225Interest credited to policyholder account balances


164



158







322Other expenses


338



9



9



356Income (loss) from continuing operations before provision
    (benefit) for income tax


98



37



59



194Provision (benefit) for income tax


35



13



(6
)


42Income (loss) from continuing operations


63



24



65



152Income from discontinued operations, net of income tax






4







4Net income

$
63


$
28


$
65


$
156     March 31,


December 31,2008


2007(In millions)Individual

$
78,672


$
82,214Institutional


33,928



35,154Corporate & Other


12,168



11,193Total

$
124,768


$
128,561       9.
    Discontinued
    Operations     28




---



##### 



MetLife
    Insurance Company of Connecticut (A
    Wholly-Owned Subsidiary of MetLife, Inc.)Notes to Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
    10.
    Fair
    Value  Assets
    and Liabilities Measured at Fair Value
  Recurring
    Fair Value Measurements
    
    Fixed Maturity and Equity Securities and Short-Term
    Investments When available, the estimated fair
    value of the Companys fixed maturity and equity securities
    as well as certain short-term investments are based on quoted
    prices in active markets that are readily and regularly
    obtainable. Generally, these are the most liquid of the
    Companys securities holdings and valuation of these
    securities does not involve management judgment.  When quoted prices in active markets are not available, the
    determination of estimated fair value is based on market
    standard valuation methodologies. The market standard valuation
    methodologies utilized include: discounted cash flow
    methodologies, matrix pricing or other similar techniques. The
    assumptions and inputs in applying these market standard
    valuation methodologies include, but are not limited to:
    interest rates, credit standing of the issuer or counterparty,
    industry sector of the issuer, coupon rate, call provisions,
    sinking fund requirements, maturity, estimated duration and
    managements assumptions regarding liquidity and estimated
    future cash flows. Accordingly, the estimated fair values are
    based on available market information and managements
    judgments about financial instruments.The significant inputs to the market standard valuation
    methodologies for certain types of securities with reasonable
    levels of price transparency are inputs that are observable in
    the market or can be derived principally from or corroborated by
    observable market data. Such observable inputs include
    benchmarking prices for similar assets in active, liquid
    markets, quoted prices in markets that are not active and
    observable yields and spreads in the market.When observable inputs are not available, the market standard
    valuation methodologies for determining the estimated fair value
    of certain types of securities that trade infrequently, and,
    therefore, have little or no price transparency, rely on inputs
    that are significant to the estimated fair value that are not
    observable in the market or cannot be derived principally from
    or corroborated by observable market data. These unobservable
    inputs can be based in large part on management judgment or
    estimation, and cannot be supported by reference to market
    activity. Even though unobservable, these inputs are based on
    assumptions deemed appropriate given the circumstances and
    consistent with what other market participants would use when
    pricing such securities.The use of different methodologies, assumptions and inputs may
    have a material effect on the estimated fair values of the
    Companys securities holdings.  
    Derivatives The fair value of derivatives is
    determined through the use of quoted market prices for
    exchange-traded derivatives or through the use of pricing models
    for over-the-counter derivatives. The determination of fair
    value, when quoted market values are not available, is based on
    market standard valuation methodologies and inputs that are
    assumed to be consistent with what other market participants
    would use when pricing the instruments. Derivative valuations
    can be affected by changes in interest rates, foreign currency
    exchange rates, financial indices, credit spreads, default risk
    (including the counterparties to the contract), volatility,
    liquidity and changes in estimates and assumptions used in the
    pricing models. 29




---



##### 



MetLife
    Insurance Company of Connecticut (A
    Wholly-Owned Subsidiary of MetLife, Inc.)Notes to Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
   The significant inputs to the pricing models for most
    over-the-counter derivatives are inputs that are observable in
    the market or can be derived principally from or corroborated by
    observable market data. Significant inputs that are observable
    generally include: interest rates, foreign currency exchange
    rates, interest rate curves, credit curves and volatility.
    However, certain over-the-counter derivatives may rely on inputs
    that are significant to the fair value that are not observable
    in the market or cannot be derived principally from or
    corroborated by observable market data. Significant inputs that
    are unobservable generally include: broker quotes, credit
    correlation assumptions, references to emerging market
    currencies and inputs that are outside the observable portion of
    the interest rate curve, credit curve, volatility or other
    relevant market measure. These unobservable inputs may involve
    significant management judgment or estimation. Even though
    unobservable, these inputs are based on assumptions deemed
    appropriate given the circumstances and consistent with what
    other market participants would use when pricing such
    instruments.The credit risk of both the counterparty and the Company are
    considered in determining the fair value for all
    over-the-counter derivatives after taking into account the
    effects of netting agreements and collateral arrangements. Most
    inputs for over-the-counter derivatives are mid market inputs
    but, in certain cases, bid level inputs are used when they are
    deemed more representative of exit value.The use of different methodologies, assumptions and inputs may
    have a material effect on the estimated fair values of the
    Companys derivatives and could materially affect net
    income.  
    Embedded Derivatives Embedded derivatives
    principally include certain direct, assumed and ceded variable
    annuity riders, and embedded derivatives related to funds
    withheld on ceded reinsurance. Embedded derivatives are recorded
    in the financial statements at fair value with changes in fair
    value adjusted through net income.  The Company offers certain variable annuity products with
    guaranteed minimum benefit riders. These include guaranteed
    minimum withdrawal benefit (GMWB) riders, guaranteed
    minimum accumulation benefit (GMAB) riders, and
    certain guaranteed minimum income benefit (GMIB)
    riders. GMWB, GMAB and certain GMIB riders are embedded
    derivatives, which are measured at fair value separately from
    the host variable annuity contract, with changes in fair value
    reported in net investment gains (losses). These embedded
    derivatives are classified within policyholder account balances.
    The fair value for these riders is estimated using the present
    value of future benefits minus the present value of future fees
    using actuarial and capital market assumptions related to the
    projected cash flows over the expected lives of the contracts. A
    risk neutral valuation methodology is used under which the cash
    flows from the riders are projected under multiple capital
    market scenarios using observable risk free rates. Effective
    January 1, 2008, upon adoption of SFAS No. 157, the
    valuation of these riders now includes an adjustment for the
    Companys own credit and risk margins for non-capital
    market inputs. The Companys own credit adjustment is
    determined taking into consideration publicly available
    information relating to the Companys debt as well as its
    claims paying ability. Risk margins are established to capture
    the non-capital market risks of the instrument which represent
    the additional compensation a market participant would require
    to assume the risks related to the uncertainties of such
    actuarial assumptions as annuitization, premium persistency,
    partial withdrawal and surrenders. The establishment of risk
    margins requires the use of significant management judgment.
    These riders may be more costly than expected in volatile or
    declining equity markets. Market conditions including, but not
    limited to, changes in interest rates, equity indices, market
    volatility and foreign currency exchange rates; changes in the
    Companys own credit standing; and variations in actuarial
    assumptions regarding policyholder behavior and risk margins
    related to non-capital market inputs may result in significant
    fluctuations in the fair value of the riders that could
    materially affect net income.The Company cedes the risks associated with certain of the GMIB,
    GMAB and GMWB riders described in the preceding paragraph to an
    affiliated reinsurance company. These reinsurance contracts
    contain embedded derivatives which are included in premiums and
    other receivables with changes in fair value 30




---



##### 



MetLife
    Insurance Company of Connecticut (A
    Wholly-Owned Subsidiary of MetLife, Inc.)Notes to Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
    In addition to ceding risks associated with riders that are
    accounted for as embedded derivatives, the Company also cedes to
    the same affiliated reinsurance company certain directly written
    GMIB riders that are accounted for as insurance (i.e. not as
    embedded derivatives) but where the reinsurance contract
    contains an embedded derivative. These embedded derivatives are
    included in premiums and other receivables with changes in fair
    value reported in net investment gains (losses). The value of
    the embedded derivatives on these ceded risks is determined
    using a methodology consistent with that described previously
    for the riders directly written by the Company. Because the
    direct rider is not accounted for at fair value, significant
    fluctuations in net income may occur as the change in fair value
    of the embedded derivative on the ceded risk is being recorded
    in net income without a corresponding and offsetting change in
    fair value of the direct rider.The Company has assumed risks related to guaranteed minimum
    benefit riders from an affiliated joint venture under a
    reinsurance contract. These risks are fully retroceded to the
    same affiliated reinsurance company. Both the assumed and
    retroceded contracts contain embedded derivatives. The embedded
    derivatives associated with the assumed risks are included in
    policyholder account balances and the embedded derivatives
    associated with the retroceded risks are included in premiums
    and other receivables with changes in fair value of both
    reported in net investment gains (losses). The values of the
    embedded derivatives in both the assumed and retroceded
    contracts are determined in a similar manner and using a
    methodology consistent with that described previously for the
    riders directly written by the Company.The fair value of the embedded derivatives within funds withheld
    at interest related to certain ceded reinsurance is determined
    based on the change in fair value of underlying assets held by
    the company in a reference portfolio backing the funds withheld
    liability. The fair values of the underlying assets are
    determined as described above in  Fixed
    Maturity and Equity Securities and Short-Term Investments.
    The fair value of these embedded derivatives is included, along
    with their funds withheld host, in other liabilities with
    changes in fair value recorded in net investment gains (losses).
    Changes in the credit spreads on the underlying assets, interest
    rates and market volatility may result in significant
    fluctuations in the fair value of these embedded derivatives
    that could materially affect net income.The accounting for embedded derivatives is complex and
    interpretations of the primary accounting standards continue to
    evolve in practice. If interpretations change, there is a risk
    that features previously not bifurcated may require bifurcation
    and reporting at fair value in the unaudited interim condensed
    consolidated financial statements and respective changes in fair
    value could materially affect net income.  
    Separate Account Assets Separate account
    assets are carried at fair value and reported as a summarized
    total on the consolidated balance sheet in accordance with
    Statement of Position
    03-1,
    Accounting and Reporting by Insurance Enterprises for Certain
    Nontraditional Long-Duration Contracts and for Separate Accounts(SOP 03-1). The fair value of separate account
    assets are based on the fair value of the underlying assets
    owned by the separate account. Assets within the Companys
    separate accounts include: mutual funds, fixed maturity
    securities, equity securities, derivatives, other limited
    partnership interests, short-term investments and cash and cash
    equivalents. The fair value of mutual funds is based upon quoted
    prices or reported net assets values provided by the fund
    manager and are reviewed by management to determine whether such
    values require adjustment to represent exit value. The fair
    values of fixed maturity securities, equity securities,
    derivatives, short-term investments and cash and cash
    equivalents held by separate accounts are determined on a basis
    consistent with the methodologies described herein for similar
    financial instruments held within the general account. Other
    limited partnership interests are valued giving consideration to
    the value of the underlying holdings of the partnerships and by
    applying a premium or 31




---



##### 



MetLife
    Insurance Company of Connecticut (A
    Wholly-Owned Subsidiary of MetLife, Inc.)Notes to Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
  discount, if appropriate, for factors such as liquidity, bid/ask
    spreads, the performance record of the fund manager or other
    relevant variables which may impact the exit value of the
    particular partnership interest.    March 31, 2008Fair Value Measurements at Reporting Date UsingQuoted Prices in


SignificantActive Markets


Other


Significantfor Identical Assets


Observable


Unobservableand Liabilities


Inputs


Inputs


Total(Level 1)


(Level 2)


(Level 3)


Fair Value(In millions)AssetsFixed maturity securities:U.S. corporate securities

$



$
14,521


$
1,428


$
15,949Residential mortgage-backed securities






11,887



472



12,359Foreign corporate securities






5,020



1,265



6,285U.S. Treasury/agency securities


1,014



2,808







3,822Commercial mortgage-backed securities






3,007



226



3,233Asset-backed securities






1,141



817



1,958Foreign government securities






549



59



608State and political subdivision securities






639



46



685Total fixed maturity securities


1,014



39,572



4,313



44,899Equity securities:Non-redeemable preferred stock






213



466



679Common stock


132



70



35



237Total equity securities


132



283



501



916Short-term investments(1)


286



358







644Derivative assets(2)


1



1,616



157



1,774Net embedded derivatives within asset host contracts(3)










951



951Separate account assets(4)


49,004



194



174



49,372Total assets

$
50,437


$
42,023


$
6,096


$
98,556LiabilitiesDerivative liabilities(2)

$
2


$
441


$
2


$
445Net embedded derivatives within liability host contracts(3)










680



680Total liabilities

$
2


$
441


$
682


$
1,125     (1)
    
    Short-term investments as presented in the table above differ
    from the amounts presented in the consolidated balance sheet
    because certain short-term investments are not measured at fair
    value (e.g. time deposits, money market funds, etc.). 32




---



##### 



MetLife
    Insurance Company of Connecticut (A
    Wholly-Owned Subsidiary of MetLife, Inc.)Notes to Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
   (2)
    
    Derivative assets are presented within other invested assets and
    derivatives liabilities are presented within other liabilities.
    The amounts are presented gross in the table above to reflect
    the presentation in the consolidated balance sheet, but are
    presented net for purposes of the rollforward in the following
    table.(3)
    
    Net embedded derivatives within asset host contracts assets are
    presented within premiums and other receivables. Net embedded
    derivatives within liability host contracts are presented within
    policyholder account balances and other liabilities.(4)
    
    Separate account assets are measured at fair value. Investment
    performance related to separate account assets is fully offset
    by corresponding amounts credited to contractholders whose
    liability is reflected within separate account liabilities.
    Separate account liabilities are set equal to the fair value of
    separate account assets as prescribed by
    SOP 03-1.    Level 1
    This category includes certain U.S. Treasury and agency
    fixed maturity securities, exchange-traded common stock, and
    certain short-term money market securities. As it relates to
    derivatives, this level includes financial futures including
    exchange-traded equity and interest rate futures. Separate
    account assets classified within this level principally include
    mutual funds. Also included are assets held within separate
    accounts which are similar in nature to those classified in this
    level for the general account.Level 2
    This category includes fixed maturity securities priced
    principally through independent pricing services. These fixed
    maturity securities include most U.S. Treasury and agency
    securities as well as the majority of U.S. and foreign
    corporate securities, residential mortgage-backed securities,
    commercial mortgage-backed securities, state and political
    subdivision securities, foreign government securities, and
    asset-backed securities. Equity securities classified as
    Level 2 securities consist principally of non-redeemable
    preferred stock priced principally through independent pricing
    services and certain equity securities where market quotes are
    available but are not considered actively traded. Short-term
    investments included within Level 2 are of a similar nature
    to these fixed maturity and equity securities. As it relates to
    derivatives, this level includes all types of derivative
    instruments utilized by the Company with the exception of
    exchange-traded futures included within Level 1 and those
    derivative instruments with unobservable inputs as described in
    Level 3. Separate account assets classified within this
    level are generally similar to those classified within this
    level for the general account.Level 3
    This category includes fixed maturity securities priced
    principally through independent broker quotes or market standard
    valuation methodologies. This level consists of less liquid
    fixed maturity securities with very limited trading activity or
    where less price transparency exists around the inputs to the
    valuation methodologies including: U.S. and foreign
    corporate securities - including below investment grade private
    placements; residential mortgage-backed securities; asset backed
    securities  including all of those supported by
    sub-prime mortgage loans. Equity securities classified as
    Level 3 securities consist principally of common stock of
    privately held companies and non-redeemable preferred stock
    where there has been very limited trading activity or where less
    price transparency exists around the inputs to the valuation. As
    it relates to derivatives this category includes: financial
    forwards including swap spread locks with maturities which
    extend beyond observable periods and equity variance swaps with
    unobservable volatility inputs; equity options with unobservable
    volatility inputs; and interest rate caps and floors referencing
    unobservable yield curves
    and/or which
    include liquidity and volatility adjustments. Separate account
    assets classified within this level are generally similar to
    those classified within this level for the general account; 33




---



##### 



MetLife
    Insurance Company of Connecticut (A
    Wholly-Owned Subsidiary of MetLife, Inc.)Notes to Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
      Fair Value Measurements Using Significant Unobservable Inputs
    (Level 3) For the Three Months Ended March, 31 2008Total Realized/UnrealizedGains (Losses) included in:


Purchases,Balance,


Impact of


Balance,





Other


Sales,


Transfer In


Balance,December 31,


SFAS 157


January 1,





Comprehensive


Issuances and


and/or Out of


March 31,2007


Adoption (1)


2008


Earnings (2, 3)


Income (Loss)


Settlements (4)


Level 3 (5)


2008(In millions)Fixed maturity securities

$
4,602


$



$
4,602


$
(10
)

$
(246
)

$
56


$
(89
)

$
4,313Equity securities


556







556



(6
)


(45
)


3



(7
)


501Net derivatives (6)


108







108



58







(11
)






155Separate account assets (7)


183







183



(3
)






(6
)






174Net embedded derivatives (8)


125



92



217



47







7







271     (1)
    
    Impact of SFAS 157 adoption represents the amount
    recognized in earnings as a change in estimate upon the adoption
    of SFAS 157 associated with Level 3 financial
    instruments held at January 1, 2008. Such amount was offset
    by a reduction to DAC of $30 million resulting in a net
    impact of $62 million. This net impact of $62 million
    along with a $3 million reduction in the fair value of
    Level 2 freestanding derivatives results in a total impact of
    adoption of SFAS 157 of $59 million.(2)
    
    Amortization of premium/discount is included within net
    investment income which is reported within the earnings caption
    of total gains/(losses). Impairments are included within net
    investment gains (losses) which is reported within the earnings
    caption of total gains/(losses). Lapses associated with embedded
    derivatives are included with the earnings caption of total
    gains/(losses).(3)
    
    Interest and dividend accruals, as well as cash interest coupons
    and dividends received, are excluded from the rollforward.(4)
    
    The amount reported within purchases, sales, issuances and
    settlements is the purchase/issuance price (for purchases and
    issuances) and the sales/settlement proceeds (for sales and
    settlements) based upon the actual date purchased/issued or
    sold/settled. Items purchased/issued and sold/settled in the
    same period are excluded from the rollforward. For embedded
    derivatives, attributed fees are included within this caption
    along with settlements, if any.(5)
    
    Total gains and (losses) (in earnings and other comprehensive
    income (loss)) are calculated assuming transfers in (out) of
    Level 3 occurred at the beginning of the period. Items
    transferred in and out in the same period are excluded from the
    rollforward.(6)
    
    Freestanding derivative assets and liabilities are presented net
    for purposes of the rollforward.(7)
    
    Investment performance related to separate account assets is
    fully offset by corresponding amounts credited to
    contractholders whose liability is reflected within separate
    account liabilities.(8)
    
    Embedded derivative assets and liabilities are presented net for
    purposes of the rollforward.(9)
    
    Amounts presented do not reflect any associated hedging
    activities. Actual earnings associated with Level 3,
    inclusive of hedging activities, could differ materially. 34




---



##### 



MetLife
    Insurance Company of Connecticut (A
    Wholly-Owned Subsidiary of MetLife, Inc.)Notes to Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
     Total Gains and (Losses)Classification of Realized/UnrealizedGains (Losses) included inEarnings for the Three Months Ended March 31, 2008:Net Investment


Net InvestmentIncome


Gains (Losses)


Total(In millions)Fixed maturity securities

$
1


$
(11
)

$
(10
)Equity securities






(6
)


(6
)Net derivatives






58



58Net embedded derivatives






47



47     Changes in Unrealized Gains (Losses)for the Three Months Ended March 31, 2008Relating to Assets Held at March 31, 2008:Net Investment


Net InvestmentIncome


Gains (Losses)


Total(In millions)Fixed maturity securities

$
1


$
(2
)

$
(1
)Equity securities






(6
)


(6
)Net derivatives






53



53Net embedded derivatives






45



45   Nonrecurring
    Fair Value Measurements
    11.
    Related
    Party Transactions       35




---



##### 



MetLife
    Insurance Company of Connecticut (A
    Wholly-Owned Subsidiary of MetLife, Inc.)Notes to Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
        Three Months EndedMarch 31,2008

2007(In millions)Assumed premiums

$
5

$
9Assumed fees, included in universal life and investment-type
    product policy fees

$
44

$
25Assumed benefits, included in policyholder benefits and claims

$
11

$
(7
)Assumed benefits, included in interest credited to policyholder
    account balances

$
14

$
14Assumed acquisition costs, included in other expenses

$
22

$
17Ceded premiums

$
22

$
6Ceded fees, included in universal life and investment-type
    product policy fees

$
32

$
50Interest earned on ceded reinsurance, included in other revenues

$
20

$
22Ceded benefits, included in policyholder benefits and claims

$
52

$
25Ceded benefits, included in interest credited to policyholder
    account balances

$
4

$
Interest costs on ceded reinsurance, included in other expenses

$
17

$
12        36




---



##### 



MetLife
    Insurance Company of Connecticut (A
    Wholly-Owned Subsidiary of MetLife, Inc.)Notes to Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
    12.
    Subsequent
    Event   37




---



##### 



Item 2.
    Managements
    Discussion and Analysis of Financial Condition and Results of
    Operations  Form 10-Q. Form 10-K
    and/or
    Business
   38




---



##### 



Summary
    of Critical Accounting Estimates
                             39




---



##### 



Results
    of Operations
  Discussion
    of Results
    March 31,2008


2007(In millions)RevenuesPremiums

$
155


$
88Universal life and investment-type product policy fees


400



328Net investment income


662



695Other revenues


56



61Net investment gains (losses)


(45
)


(75
)Total revenues


1,228



1,097ExpensesPolicyholder benefits and claims


325



225Interest credited to policyholder account balances


308



322Other expenses


457



356Total expenses


1,090



903Income from continuing operations before provision for income tax


138



194Provision for income tax


28



42Income from continuing operations


110



152Income from discontinued operations, net of income tax






4Net income

$
110


$
156   Income
    from Continuing Operations
        
    Higher DAC amortization of $62 million, net of income tax,
    primarily resulting from business growth and lower net
    investment losses in the current period, partially offset by
    revisions to managements assumptions used to determine
    estimated gross profits in the prior period.
    Unfavorable underwriting results of $25 million, net of
    income tax. Management attributed unfavorable underwriting
    results of $21 million, net of income tax, primarily to the
    life products. Underwriting results are generally the difference
    between the portion of premium and fee income intended to cover
    mortality, morbidity or other insurance costs, less claims
    incurred, and the change in insurance-related liabilities.
    Underwriting results are significantly influenced by mortality,
    morbidity or other insurance-related experience trends, as well
    as the reinsurance activity related to certain blocks of
    business. Consequently, results can fluctuate from period to
    period. 40




---



##### 




    Lower net investment income on blocks of business not driven by
    interest margins of $18 million, net of income tax.
    An increase in interest credited to policyholder account
    balances of $12 million, net of income tax, due primarily
    to lower amortization of the excess interest reserves on
    acquired annuity and universal life blocks of business.
    Higher expenses of $5 million, net of income tax, primarily
    resulting from higher legal costs related to a decrease in the
    prior period of legal liabilities and higher interest expense on
    debt, partially offset by foreign currency transaction gains in
    Ireland.
    Higher policyholder benefits and claims of $4 million, net
    of income tax, due to growth in deferred annuities.    
    Higher universal life and investment-type product policy fees of
    $47 million, net of income tax, related to growth in the
    life products and higher average annuity account balances and a
    reinsurance agreement with an affiliate which resulted in higher
    fees driven by an experience rate refund.
    An increase in interest margins of $19 million, net of
    income tax. Management attributed this increase primarily to
    increases in the retirement & savings business, other
    investment-type products and group life business of
    $23 million, $5 million and $4 million, each net
    of income tax, respectively, partially offset by decreases in
    the deferred annuity business of $12 million, net of income
    tax. Interest margin is the difference between interest earned
    and interest credited to policyholder account balances. Interest
    earned approximates net investment income on investable assets
    with minor adjustments related to the consolidation of certain
    separate accounts and other minor non-policyholder elements.
    Interest credited is the amount attributed to insurance
    products, recorded in policyholder benefits and claims, and the
    amount credited to policyholder account balances for
    investment-type products, recorded in interest credited to
    policyholder account balances. Interest credited on insurance
    products reflects the current year impact of the interest rate
    assumptions established at issuance or acquisition. Interest
    credited to policyholder account balances is subject to
    contractual terms, including some minimum guarantees. This tends
    to move gradually over time to reflect market interest rate
    movements and may reflect actions by management to respond to
    competitive pressures and, therefore, generally does not
    introduce volatility in expense.    Revenues
       41




---



##### 



Expenses
        Position 05-1, Accounting by Insurance Enterprises for Deferred Acquisition
    Costs in Connection with Modifications or Exchanges of Insurance
    Contracts
  Insurance
    Regulations
   42




---



##### 



Adoption
    of New Accounting Pronouncements
  Fair
    Value
  Fair Value
    Measurements
      Level 2
    Quoted prices in markets that are not active or inputs that are
    observable either directly or indirectly. Level 2 inputs
    include quoted prices for similar assets or liabilities other
    than quoted prices in Level 1; quoted prices in markets
    that are not active; or other inputs that are observable or can
    be derived principally from or corroborated by observable market
    data for substantially the full term of the assets or
    liabilities.Level 3
    Unobservable inputs that are supported by little or no market
    activity and are significant to the fair value of the assets or
    liabilities. Unobservable inputs reflect the reporting
    entitys own assumptions about the assumptions that market
    participants would use in pricing the asset or liability.
    Level 3 assets and liabilities include financial
    instruments whose values are determined using pricing models,
    discounted cash flow methodologies, or similar techniques, as
    well as instruments for which the determination of fair value
    requires significant management judgment or estimation.   43




---



##### 



Disclosures about Fair Value of
    Financial Instruments
    Investments
             44




---



##### 



Derivative
    Financial Instruments
          Embedded
    Derivatives
     45




---



##### 



The
    Fair Value Option for Financial Assets and Financial Liabilities instrument-by-instrument
  No. FAS 157-1, Application of FASB Statement No. 157 to FASB Statement
    No. 13 and Other Accounting Pronouncements That Address
    Fair Value Measurements for Purposes of Lease Classification or
    Measurement under Statement 13 (FSP 157-1). FSP 157-1 Accounting for Leases No. FAS 157-2, Effective Date of FASB Statement No. 157
 46




---



##### 



Other
  39-1, Amendment of FASB Interpretation No. 39 (FSP 39-1). FSP 39-1 Offsetting of Amounts
    Related to Certain Contracts FSP 39-1 FSP 39-1, FSP 39-1
  Accounting for Derivative Instruments
    and Hedging Activities E-23, Clarification of the Application of the Shortcut Method E-23). E-23 E-23
  Future
    Adoption of New Accounting Pronouncements
  Business
    Combinations
  Business Combinations  A
    Replacement of FASB Statement No. 141 Noncontrolling Interests in Consolidated Financial
    Statements  An Amendment of ARB No. 51
  
    All business combinations (whether full, partial or
    step acquisitions) result in all assets and
    liabilities of an acquired business being recorded at fair
    value, with limited exceptions.
    Acquisition costs are generally expensed as incurred;
    restructuring costs associated with a business combination are
    generally expensed as incurred subsequent to the acquisition
    date.
    The fair value of the purchase price, including the issuance of
    equity securities, is determined on the acquisition date.
    Certain acquired contingent liabilities are recorded at fair
    value at the acquisition date and subsequently measured at
    either the higher of such amount or the amount determined under
    existing guidance for non-acquired contingencies.
    Changes in deferred tax asset valuation allowances and income
    tax uncertainties after the acquisition date generally affect
    income tax expense.
    Noncontrolling interests (formerly known as minority
    interests) are valued at fair value at the acquisition
    date and are presented as equity rather than liabilities.
    When control is attained on previously noncontrolling interests,
    the previously held equity interests are remeasured at fair
    value and a gain or loss is recognized.
    Purchases or sales of equity interests that do not result in a
    change in control are accounted for as equity transactions. 47




---



##### 




    When control is lost in a partial disposition, realized gains or
    losses are recorded on equity ownership sold and the remaining
    ownership interest is remeasured and holding gains or losses are
    recognized.    No. FAS 142-3, Determination of the Useful Life of Intangible Assets (FSP 142-3). FSP 142-3 Goodwill and Other Intangible Assets FSP 142-3
  Derivatives
  Disclosures about Derivative Instruments and Hedging
    Activities An Amendment of FASB Statement
    No. 133
  Other
  No. FAS 140-3, Accounting for Transfers of Financial Assets and Repurchase
    Financing Transactions (FSP 140-3). FSP 140-3 FSP 140-3 FSP 140-3
  No. 07-6, Accounting for the Sale of Real Estate When the Agreement
    Includes a Buy-Sell Clause (EITF 07-6). EITF 07-6 EITF 07-6 EITF 07-6
  Item 3.
    Quantitative
    and Qualitative Disclosures About Market Risk     48




---



##### 



Risk
    Measurement: Sensitivity Analysis
    
    the net present values of the Companys interest rate
    sensitive exposures resulting from a 10% change (increase or
    decrease) in interest rates;
    the market value of the Companys equity positions due to a
    10% change (increase or decrease) in equity prices; and
    the U.S. dollar equivalent balances of the Companys
    currency exposures due to a 10% change (increase or decrease) in
    currency exchange rates.    
    the market risk information is limited by the assumptions and
    parameters established in creating the related sensitivity
    analysis;
    for derivatives that qualify as hedges, the impact on reported
    earnings may be materially different from the change in market
    values;
    the analysis excludes other significant real estate holdings and
    liabilities pursuant to insurance contracts; and
    the model assumes that the composition of assets and liabilities
    remains unchanged throughout the year.     49




---



##### 



March 31, 2008(In millions)Interest rate risk

$
276Equity price risk

$
178Foreign currency exchange rate risk

$
21  50




---



##### 



March 31, 2008Assuming a 10%Notional


Estimated


Increase in theAmount


Fair Value


Yield Curve(In millions)Assets:Fixed maturity securities





$
44,899


$
(701
)Equity securities






916



Mortgage and consumer loans






4,484



(32
)Policy loans






1,266



(9
)Short-term investments






1,027



Cash and cash equivalents






2,019



Mortgage loan commitments

$
421



(12
)


(4
)Commitments to fund bank credit facilities and private corporate
    bond investments

$
448



(54
)


Commitments to fund partnership investments

$
1,394







Total assets









$
(746
)Liabilities:Policyholder account balances





$
25,198


$
475Long-term debt - affiliated






664



24Payables for collateral under securities loaned and other
    transactions






10,535



Total liabilities









$
499Other:Derivative instruments (designated hedges or otherwise)Interest rate swaps

$
8,391


$
119


$
(4
)Interest rate floors


12,071



216



(4
)Interest rate caps


5,021



1



1Financial futures


1,002



(1
)


10Foreign currency swaps


3,735



852



(25
)Foreign currency forwards


169



(5
)


Options






120



(6
)Financial forwards


2,871



29



(1
)Credit default swaps


346



(1
)


Other


103



(1
)


Total other









$
(29
)Net Change









$
(276
)    51




---



##### 



Item 4(T).
    Controls
    and Procedures  Rule 13a-15(e) Form 10-Q Foreign Currency
    Translation
  Rule 13a-15(f)
 Part II 
    Other Information  Item 1.
    Legal
    Proceedings     52




---



##### 



Item 6.
    Exhibits  ExhibitNo.

Description31
.1

Certification of President pursuant to Section 302 of the
    Sarbanes-Oxley Act of 200231
.2

Certification of Chief Financial Officer pursuant to Section 302
    of the Sarbanes-Oxley Act of 200232
.1

Certification of President pursuant to Section 906 of the
    Sarbanes-Oxley Act of 200232
.2

Certification of Chief Financial Officer pursuant to Section 906
    of the Sarbanes-Oxley Act of 2002  53




---



##### 



Signatures     METLIFE
    INSURANCE COMPANY OF CONNECTICUT
  By:
    /s/  Joseph
    J. Prochaska, Jr.   Title:
    Executive Vice-President and Chief Accounting Officer    54




---



##### 



Exhibit Index  ExhibitNo.

Description31
.1

Certification of President pursuant to Section 302 of the
    Sarbanes-Oxley Act of 200231
.2

Certification of Chief Financial Officer pursuant to Section 302
    of the Sarbanes-Oxley Act of 200232
.1

Certification of President pursuant to Section 906 of the
    Sarbanes-Oxley Act of 200232
.2

Certification of Chief Financial Officer pursuant to Section 906
    of the Sarbanes-Oxley Act of 2002  E-1