##### Table of Contents



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
    SEPTEMBER 30, 2006ORo

TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
    SECURITIES EXCHANGE ACT OF 1934FOR THE TRANSITION PERIOD
    FROM          
    TO   Commission file
    number:  33-58677
    MetLife Life and Annuity
    Company of Connecticut
 (Exact name of registrant as
    specified in its charter)
  Connecticut(State or other
    jurisdiction of
    incorporation or organization)

06-0904249(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
  Rule 12b-2
  o o þ
  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.




---



##### 



Table of
    Contents
 PagePart I 
    Financial InformationItem 1. Financial
    Statements


4Interim Condensed
    Consolidated Balance Sheets at September 30, 2006
    (SUCCESSOR) (Unaudited) and December 31, 2005
    (SUCCESSOR)


4Interim Condensed
    Consolidated Statements of Income for the Three Months Ended
    September 30, 2006 (SUCCESSOR) (Unaudited) and 2005
    (SUCCESSOR) (Unaudited) and the Nine Months Ended
    September 30, 2006 (SUCCESSOR) (Unaudited) and the Six
    Months Ended June 30, 2005 (PREDECESSOR)
    (Unaudited)


5Interim Condensed
    Consolidated Statement of Stockholders Equity for the Nine
    Months Ended September 30, 2006 (SUCCESSOR)
    (Unaudited)


6Interim Condensed
    Consolidated Statements of Cash Flows for the Nine Months Ended
    September 30, 2006 (SUCCESSOR) (Unaudited) and the Three
    Months Ended September 30, 2005 (SUCCESSOR) (Unaudited) and
    the Six Months Ended June 30, 2005 (PREDECESSOR)
    (Unaudited)


7Notes to Interim
    Condensed Consolidated Financial Statements
    (Unaudited)


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


30Item 4. Controls
    and Procedures


37Part II 
    Other InformationItem 1. Legal
    Proceedings


37Item 6. Exhibits


38Signatures


39Exhibit Index


E-1EX-31.1: CERTIFICATIONEX-31.2: CERTIFICATIONEX-32.1: CERTIFICATIONEX-32.2: CERTIFICATION   2




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##### Table of Contents



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




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##### Table of Contents



Part I 
    Financial Information  Item 1.
    Financial
    Statements  MetLife
    Life and Annuity Company of Connecticut
   Interim Condensed Consolidated Balance
    Sheets
 September 30, 2006 (Unaudited) and December 31,
    2005
  (In millions, except share and per share data)
  SUCCESSORSeptember 30,


December 31,2006


2005AssetsInvestments:Fixed maturities
    available-for-sale, at fair value (amortized cost: $6,056 and
    $6,158, respectively)

$
5,956


$
6,055Equity securities
    available-for-sale, at fair value (cost: $11 and $4,
    respectively)


11



4Mortgage loans on real estate


230



258Policy loans


48



37Real estate joint ventures
    held-for-investment


7



Other limited partnership interests


66



73Short-term investments


95



57Other invested assets


356



333Total investments


6,769



6,817Cash and cash equivalents


223



233Accrued investment income


67



69Premiums and other receivables


396



201Deferred policy acquisition costs
    and value of business acquired


1,766



1,777Current income tax recoverable






20Deferred income tax assets


51



90Goodwill


239



243Other assets


28



22Separate account assets


11,959



12,179Total assets

$
21,498


$
21,651Liabilities and
    Stockholders EquityLiabilities:Future policy benefits

$
1,787


$
1,740Policyholder account balances


5,508



5,688Other policyholder funds


78



68Current income taxes payable


9



Payables for collateral under
    securities loaned and other transactions


112



108Other liabilities


157



132Separate account liabilities


11,959



12,179Total liabilities


19,610



19,915Contingencies, commitments and
    guarantees (Note 4)Stockholders Equity:Common stock, par value
    $100 per share; 100,000 shares authorized,
    30,000 shares issued and outstanding


3



3Additional paid-in capital


1,730



1,725Retained earnings


191



50Accumulated other comprehensive
    income (loss)


(36
)


(42
)Total stockholders equity


1,888



1,736Total liabilities and
    stockholders equity

$
21,498


$
21,651    See accompanying notes to interim condensed consolidated
    financial statements.
 4




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##### Table of Contents



MetLife
    Life and Annuity Company of Connecticut (A
    Wholly-Owned Subsidiary of MetLife Insurance Company of
    Connecticut)Interim Condensed Consolidated Statements of
    IncomeFor the Three Months Ended September 30, 2006 and
    2005
    and the Nine Months Ended September 30, 2006 and the Six
    Months Ended June 30, 2005 (Unaudited)
    (In millions)
  SUCCESSOR


SUCCESSOR


SUCCESSOR


PREDECESSORThree Months Ended


Nine Months Ended


Three Months Ended


Six Months EndedSeptember 30,


September 30,


September 30,


June 30,2006


2005


2006


2005


2005RevenuesPremiums

$
11


$
7


$
33


$
7


$
20Universal life and investment-type
    product policy fees


118



117



365



117



221Net investment income


95



87



275



87



223Other revenues


8



5



21



5



12Net investment gains (losses)


6



8



(68
)


8



(6
)Total revenues


238



224



626



224



470ExpensesPolicyholder benefits and claims


16



44



87



44



49Interest credited to policyholder
    account balances


46



38



114



38



126Other expenses


84



98



222



98



184Total expenses


146



180



423



180



359Income before provision for income
    taxes


92



44



203



44



111Provision for income taxes


33



13



62



13



35Net income

$
59


$
31


$
141


$
31


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




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##### Table of Contents



MetLife
    Life and Annuity Company of Connecticut
   Interim Condensed Consolidated Statement of
    Stockholders Equity
 For the Nine Months Ended September 30, 2006
    (Unaudited)
  (In millions)
  Accumulated OtherComprehensiveIncome (Loss)NetAdditional





UnrealizedCommon


Paid-in


Retained


InvestmentStock


Capital


Earnings


Gains (Losses)


TotalBalance at January 1, 2006
    (SUCCESSOR)

$
3


$
1,725


$
50


$
(42
)

$
1,736Revisions of purchase price pushed
    down to MetLife Life and Annuity Company of Connecticuts
    net assets acquired (See Note 1)






5











5Comprehensive income (loss):Net income










141







141Other comprehensive income (loss):Unrealized investment gains
    (losses), net of related offsets and
    income taxes














6



6Other comprehensive income (loss)


















6Comprehensive income (loss)


















147Balance at September 30, 2006
    (SUCCESSOR)

$
3


$
1,730


$
191


$
(36
)

$
1,888    See accompanying notes to interim condensed consolidated
    financial statements.
 6




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##### Table of Contents



MetLife
    Life and Annuity Company of Connecticut
   Interim Condensed Consolidated Statements of
    Cash Flows
 For the Nine Months Ended September 30, 2006 and the
    Three Months Ended September 30, 2005
 and the Six Months Ended June 30, 2005 (Unaudited)
  (In millions)
  SUCCESSOR


SUCCESSOR


PREDECESSORNine Months Ended


Three Months Ended


Six Months EndedSeptember 30,


September 30,


June 30,2006


2005


2005Net cash provided by (used in)
    operating activities

$
15


$
(227
)

$
(362
)Cash flows from investing
    activitiesSales, maturities and repayments
    of:Fixed maturities


2,271



2,121



521Equity securities


1



13



8Mortgage loans on real estate


41



28



18Real estate and real estate joint
    ventures










17Other limited partnership interests


19



5



18Purchases of:Fixed maturities


(2,237
)


(1,869
)


(448
)Equity securities


(8
)






(1
)Mortgage loans on real estate


(13
)


(19
)


(75
)Other limited partnership interests


(12
)


(1
)


(41
)Net change in policy loans


(11
)






(4
)Net change in short-term
    investments


(38
)


(142
)


135Net change in other invested assets


10



392



16Other, net






(4
)


2Net cash provided by investing
    activities


23



524



166Cash flows from financing
    activitiesPolicyholder account balances:Deposits


448



137



476Withdrawals


(500
)


(120
)


(181
)Net change in payable for
    collateral under securities loaned and other transactions


4



(1
)


(98
)Net cash (used in) provided by
    financing activities


(48
)


16



197Change in cash and cash equivalents


(10
)


313



1Cash and cash equivalents,
    beginning of period


233



85



1Cash and cash equivalents, end
    of period

$
223


$
398


$
2Supplemental disclosures of cash
    flow information:Net cash paid during the period
    for income taxes

$



$



$
277Assumption of liabilities by
    MetLife Insurance Company of Connecticut

$



$



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




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##### Table of Contents



MetLife
    Life and Annuity Company of Connecticut (A
    Wholly-Owned Subsidiary of MetLife Insurance Company of
    Connecticut)Notes to Interim Condensed Consolidated
    Financial Statements (Unaudited)
  1.
    Summary
    of Accounting Policies  Business
        Acquisition
    Business Combinations, Goodwill and Other Intangible
    Assets, Push Down Basis of Accounting Required in Certain Limited
    Circumstances,
  Purchase
    Price Allocation and Goodwill
     8




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##### Table of Contents



MetLife
    Life and Annuity Company of Connecticut (A
    Wholly-Owned Subsidiary of MetLife Insurance Company of
    Connecticut)Notes to Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
      SUCCESSORAs of July 1, 2005(In millions)Total purchase price





$
12,084Purchase price attributed to other
    affiliates






10,351Purchase price attributed to the
    Company






1,733Net assets acquired prior to
    purchase accounting adjustments

$
2,034Adjustments to reflect assets
    acquired at fair value:Fixed maturities
    available-for-sale


(4
)Mortgage loans on real estate


7Real estate and real estate joint
    ventures
    held-for-investment


(1
)Other limited partnership interests


3Other invested assets


(4
)Premiums and other receivables


(47
)Elimination of historical deferred
    policy acquisition costs


(1,622
)Value of business acquired


1,676Value of distribution agreements
    and customer relationships acquired


8Net deferred income tax assets


258Other assets


8Adjustments to reflect
    liabilities assumed at fair value:Future policy benefits


(303
)Policyholder account balances


(464
)Other liabilities


(55
)Net fair value of assets
    acquired and liabilities assumed






1,494Goodwill resulting from the
    Acquisition





$
239    9




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##### Table of Contents



MetLife
    Life and Annuity Company of Connecticut (A
    Wholly-Owned Subsidiary of MetLife Insurance Company of
    Connecticut)Notes to Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
  Condensed
    Statement of Net Assets Acquired
    SUCCESSORAs of July 1, 2005(In millions)Assets:Fixed maturities
    available-for-sale


$                6,135Equity securities
    available-for-sale


35Mortgage loans on real estate


277Policy loans


36Other limited partnership interests


80Short-term investments


188Other invested assets


338Total investments


7,089Cash and cash equivalents


85Accrued investment income


80Premiums and other receivables


175Value of business acquired


1,676Goodwill


239Other intangible assets


8Deferred income tax assets


97Other assets


9Separate account assets


11,617Total assets acquired


21,075Liabilities:Future policy benefits


1,739Policyholder account balances


5,684Other policyholder funds


15Current income taxes payable


37Other liabilities


250Separate account liabilities


11,617Total liabilities assumed


19,342Net assets acquired


$                1,733   Basis
    of Presentation
   10




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##### Table of Contents



MetLife
    Life and Annuity Company of Connecticut (A
    Wholly-Owned Subsidiary of MetLife Insurance Company of
    Connecticut)Notes to Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
        Form 10-K
  Federal
    Income Taxes
   11




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##### Table of Contents



MetLife
    Life and Annuity Company of Connecticut (A
    Wholly-Owned Subsidiary of MetLife Insurance Company of
    Connecticut)Notes to Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
  Adoption
    of New Accounting Pronouncements
    
    Effective January 1, 2006, the Company adopted
    prospectively SFAS No. 155, Accounting for Certain
    Hybrid Instruments(SFAS 155).
    SFAS 155 amends SFAS No. 133, Accounting for
    Derivative Instruments and Hedging
    (SFAS 133) and SFAS No. 140,
    Accounting for Transfers and Servicing of Financial Assets
    and Extinguishments of Liabilities(SFAS 140). SFAS 155 allows financial
    instruments that have embedded derivatives to be accounted for
    as a whole, eliminating the need to bifurcate the derivative
    from its host, if the holder elects to account for the whole
    instrument on a fair value basis. In addition, among other
    changes, SFAS 155 (i) clarifies which interest-only
    strips and principal-only strips are not subject to the
    requirements of SFAS 133; (ii) establishes a
    requirement to evaluate interests in securitized financial
    assets to identify interests that are freestanding derivatives
    or that are hybrid financial instruments that contain an
    embedded derivative requiring bifurcation; (iii) clarifies
    that concentrations of credit risk in the form of subordination
    are not embedded derivatives; and (iv) eliminates the
    prohibition on a qualifying special-purpose entity
    (QSPE) from holding a derivative financial
    instrument that pertains to a beneficial interest other than
    another derivative financial interest. The adoption of
    SFAS 155 did not have a material impact on the
    Companys unaudited interim condensed consolidated
    financial statements.
    Effective January 1, 2006, the Company adopted
    prospectively SFAS 133 Implementation Issue No. B38,
    Embedded Derivatives: Evaluation of Net Settlement with
    Respect to the Settlement of a Debt Instrument through Exercise
    of an Embedded Put Option or Call Option(Issue
    B38) and SFAS 133 Implementation Issue No. B39,
    Embedded Derivatives: Application of Paragraph 13(b) to
    Call Options That Are Exercisable Only by the Debtor
    (Issue B39). Issue B38 clarifies that the potential
    settlement of a debtors obligation to a creditor occurring
    upon exercise of a put or call option meets the net settlement
    criteria of SFAS 133. Issue B39 clarifies that an embedded
    call option, in which the underlying is an interest rate or
    interest rate index, that can accelerate the settlement of a
    debt host financial instrument should not be bifurcated and fair
    valued if the right to accelerate the settlement can be
    exercised only by the debtor (issuer/borrower) and the investor
    will recover substantially all of its initial net investment.
    The adoption of Issues B38 and B39 did not have a material
    impact on the Companys unaudited interim condensed
    consolidated financial statements.  Accounting Changes and Error
    Corrections, a replacement of APB Opinion No. 20 and FASB
    Statement No. 3
  No. 04-5, Determining Whether a General Partner, or the General
    Partners as a Group, Controls a Limited Partnership or Similar
    Entity When the Limited Partners Have Certain Rights (EITF 04-5). EITF 04-5 EITF 04-5 EITF 04-5 EITF 04-5
 12




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##### Table of Contents



MetLife
    Life and Annuity Company of Connecticut (A
    Wholly-Owned Subsidiary of MetLife Insurance Company of
    Connecticut)Notes to Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
  FAS 140-2, Clarification of the Application of Paragraphs 40(b) and
    40(c) of FAS 140
  Exchanges of Nonmonetary Assets, an
    amendment of APB Opinion No. 29
  No. 03-1, The Meaning of
    Other-Than-Temporary
    Impairment and Its Application to Certain Investments (EITF 03-1). EITF 03-1 other-than-temporary EITF 03-1 available-for-sale held-to-maturity Accounting for Certain
    Investments in Debt and Equity Securities, other-than-temporary other-than-temporary FAS 115-1 FAS 124-1, The Meaning of
    Other-Than-Temporary
    Impairment and its Application to Certain Investments other-than-temporarily EITF 03-1.
  Future
    Adoption of New Accounting Pronouncements
  Considering the Effects of
    Prior Year Misstatements when Quantifying Misstatements in
    Current Year Financial Statements
  Employers Accounting for Defined Benefit Pension and
    Other Postretirement Plans  an amendment of FASB
    Statements No. 87, 88, 106, and SFAS No. 132(r),
 13




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##### Table of Contents



MetLife
    Life and Annuity Company of Connecticut (A
    Wholly-Owned Subsidiary of MetLife Insurance Company of
    Connecticut)Notes to Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
    Fair Value Measurements
  Accounting for Uncertainty in
    Income Taxes  an interpretation of FASB Statement
    No. 109
  Accounting for Servicing of Financial Assets  an
    amendment of FASB Statement No. 140
  Accounting by Insurance Enterprises
    for Deferred Acquisition Costs in Connection with Modifications
    or Exchanges of Insurance Contracts (SOP 05-1). SOP 05-1 Accounting and Reporting by Insurance
    Enterprises for Certain Long-Duration Contracts and for Realized
    Gains and Losses from the Sale of Investments. SOP 05-1
 14




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##### Table of Contents



MetLife
    Life and Annuity Company of Connecticut (A
    Wholly-Owned Subsidiary of MetLife Insurance Company of
    Connecticut)Notes to Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
  SOP 05-1, SOP 05-1 SOP 05-1 SOP 05-1
  2.
    Investments  Fixed
    Maturities and Equity Securities
    Available-for-Sale    SUCCESSORSeptember 30, 2006Cost or


GrossAmortized


Unrealized


Estimated


% ofCost


Gain


Loss


Fair Value


Total(In millions)U.S. corporate securities

$
2,452


$
13


$
70


$
2,395



40.2
%Residential mortgage-backed
    securities


744



6



7



743



12.5Foreign corporate securities


1,001



6



29



978



16.4U.S. Treasury/agency
    securities


877



5



18



864



14.5Commercial mortgage-backed
    securities


731



4



6



729



12.3Asset-backed securities


90







2



88



1.5Foreign government securities


69



3







72



1.2State and political subdivision
    securities


90







5



85



1.4Total bonds


6,054



37



137



5,954



100.0Redeemable preferred stock


2











2



Total fixed maturities

$
6,056


$
37


$
137


$
5,956



100.0
%Common stock

$
1


$



$



$
1



9.1
%Non-redeemable preferred stock


10











10



90.9Total equity securities

$
11


$



$



$
11



100.0
%   15




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##### Table of Contents



MetLife
    Life and Annuity Company of Connecticut (A
    Wholly-Owned Subsidiary of MetLife Insurance Company of
    Connecticut)Notes to Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
  SUCCESSORDecember 31, 2005Cost or

GrossAmortized

Unrealized

Estimated

% ofCost

Gain

Loss

Fair Value

Total(In millions)U.S. corporate securities

$
2,808


$
6


$
70


$
2,744



45.3
%Residential mortgage-backed
    securities


1,021



1



17



1,005



16.6Foreign corporate securities


562



4



16



550



9.1U.S. Treasury/agency
    securities


793



4



6



791



13.1Commercial mortgage-backed
    securities


665



3



9



659



10.9Asset-backed securities


147







2



145



2.4Foreign government securities


75



3



1



77



1.3State and political subdivision
    securities


84







3



81



1.3Total bonds


6,155



21



124



6,052



100.0Redeemable preferred stock


3











3



Total fixed maturities

$
6,158


$
21


$
124


$
6,055



100.0
%Common stock

$
1


$
1


$
1


$
1



25.0
%Non-redeemable preferred stock


3











3



75.0Total equity securities

$
4


$
1


$
1


$
4



100.0
%  16




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##### Table of Contents



MetLife
    Life and Annuity Company of Connecticut (A
    Wholly-Owned Subsidiary of MetLife Insurance Company of
    Connecticut)Notes to Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
  Unrealized
    Loss for Fixed Maturities and Equity Securities
    Available-for-Sale    SUCCESSORSeptember 30, 2006Less than 12 months


Equal to or Greater 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

$
1,259


$
44


$
638


$
26


$
1,897


$
70Residential mortgage-backed
    securities


311



4



101



3



412



7Foreign corporate securities


603



19



210



10



813



29U.S. Treasury/agency
    securities


617



15



44



3



661



18Commercial mortgage-backed
    securities


226



2



121



4



347



6Asset-backed securities


27







28



2



55



2Foreign government securities


19







12







31



State and political subdivision
    securities


21



2



57



3



78



5Total fixed maturities

$
3,083


$
86


$
1,211


$
51


$
4,294


$
137Equity securities

$



$



$
2


$



$
2


$
Total number of securities in an
    unrealized loss position


825







511







1,336    17




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##### Table of Contents



MetLife
    Life and Annuity Company of Connecticut (A
    Wholly-Owned Subsidiary of MetLife Insurance Company of
    Connecticut)Notes to Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
  Aging
    of Gross Unrealized Loss for Fixed Maturities and Equity
    Securities
    Available-for-Sale    SUCCESSORSeptember 30, 2006Cost 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

$
2,291


$
3


$
64


$
2



77



609Six months or greater but less
    than nine months


734







17







103



1Nine months or greater but less
    than twelve months


141







3







34



1Twelve months or greater


1,264







51







511



Total

$
4,430


$
3


$
135


$
2



725



611   SUCCESSORDecember 31, 2005Cost 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

$
4,843


$
14


$
119


$
6



1,480



24Total

$
4,843


$
14


$
119


$
6



1,480



24        18




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##### Table of Contents



MetLife
    Life and Annuity Company of Connecticut (A
    Wholly-Owned Subsidiary of MetLife Insurance Company of
    Connecticut)Notes to Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
    SUCCESSORSeptember 30,


December 31,2006


2005Sector:U.S. corporates


51
%


56
%Foreign corporates


21



13U.S. Treasury/agency
    securities


13



5Commercial mortgage-backed


4



7Residential mortgage-backed


5



14Other


6



5Total


100
%


100
%Industry:Industrial


20
%


21
%Government


14



5Mortgage-backed


9



21Finance


19



17Utility


11



5Consumer


11



11Other


16



20Total


100
%


100
%     security-by-security other-than-temporarily other-than-temporary other-than-temporarily other-than-temporary
   19




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##### Table of Contents



MetLife
    Life and Annuity Company of Connecticut (A
    Wholly-Owned Subsidiary of MetLife Insurance Company of
    Connecticut)Notes to Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
  other-than-temporarily
  Net
    Investment Income
    SUCCESSOR


SUCCESSOR


SUCCESSOR


PREDECESSORThree Months Ended


Nine Months Ended


Three Months Ended


Six Months EndedSeptember 30,


September 30,


September 30,


June 30,2006


2005


2006


2005


2005(In millions)Fixed maturities

$
78


$
77


$
234


$
77


$
185Equity securities










1







Mortgage loans on real estate


4



4



12



4



9Policy loans


1



1



2



1



1Other limited partnership interests


8







19







27Cash, cash equivalents and
    short-term investments


4



6



10



6



4Other invested assets


1







1







Total

$
96


$
88


$
279


$
88


$
226Less: Investment expenses


1



1



4



1



3Net investment income

$
95


$
87


$
275


$
87


$
223   Net
    Investment Gains (Losses)
    SUCCESSOR


SUCCESSOR


SUCCESSOR


PREDECESSORThree Months Ended


Nine Months Ended


Three Months Ended


Six Months EndedSeptember 30,


September 30,


September 30,


June 30,2006


2005


2006


2005


2005(In millions)Fixed maturities

$
(12
)

$
(16
)

$
(56
)

$
(16
)

$
(5
)Equity securities


















2Mortgage loans on real estate






(1
)


1



(1
)


Derivatives


15



25



(16
)


25



(3
)Other


3







3







Net investment gains (losses)

$
6


$
8


$
(68
)

$
8


$
(6
)     other-than-temporarily
 20




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##### Table of Contents



MetLife
    Life and Annuity Company of Connecticut (A
    Wholly-Owned Subsidiary of MetLife Insurance Company of
    Connecticut)Notes to Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
  3.
    Derivative
    Financial Instruments  Types
    of Derivative Financial Instruments
    SUCCESSORSeptember 30, 2006


December 31, 2005Current Market





Current MarketNotional


or Fair Value


Notional


or Fair ValueAmount


Assets


Liabilities


Amount


Assets


Liabilities(In millions)Interest rate swaps

$
1,054


$
260


$
35


$
1,069


$
202


$
2Financial futures


32



2



1



64



1



1Foreign currency swaps


32







8



31







7Foreign currency forwards


2











8







Options






72



3







115



3Financial forwards










1











2Credit default swaps


16











4







Total

$
1,136


$
334


$
48


$
1,176


$
318


$
15        21




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##### Table of Contents



MetLife
    Life and Annuity Company of Connecticut (A
    Wholly-Owned Subsidiary of MetLife Insurance Company of
    Connecticut)Notes to Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
  Hedging
    SUCCESSORSeptember 30, 2006


December 31, 2005Notional


Fair Value


Notional


Fair ValueAmount


Assets


Liabilities


Amount


Assets


Liabilities(In millions)Non-qualifying

$
1,136


$
334


$
48


$
1,176


$
318


$
15Total

$
1,136


$
334


$
48


$
1,176


$
318


$
15     Fair
    Value Hedges
      PREDECESSORSix Months EndedJune 30,2005Changes in the fair value of
    derivatives

$
Changes in the fair value of the
    items hedged


(1
)Net ineffectiveness of fair value
    hedging activities

$
(1
)       Cash
    Flow Hedges
   22




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##### Table of Contents



MetLife
    Life and Annuity Company of Connecticut (A
    Wholly-Owned Subsidiary of MetLife Insurance Company of
    Connecticut)Notes to Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
        PREDECESSORSix Months EndedJune 30,2005(In millions)Other comprehensive income balance
    at the beginning of the period

$
2Gains (losses) deferred in other
    comprehensive income (loss) on the effective portion of cash
    flow hedges


(3
)Amounts reclassified to net
    investment income


1Other comprehensive income balance
    at the end of the period

$
     Non-qualifying
    Derivatives and Derivatives for Purposes Other Than
    Hedging
        Embedded
    Derivatives
   23




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##### Table of Contents



MetLife
    Life and Annuity Company of Connecticut (A
    Wholly-Owned Subsidiary of MetLife Insurance Company of
    Connecticut)Notes to Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
    Credit
    Risk
    over-the-counter
      4.  Contingencies,
    Commitments and Guarantees
  Contingencies
  Litigation
   24




---



##### Table of Contents



MetLife
    Life and Annuity Company of Connecticut (A
    Wholly-Owned Subsidiary of MetLife Insurance Company of
    Connecticut)Notes to Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
           25




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##### Table of Contents



MetLife
    Life and Annuity Company of Connecticut (A
    Wholly-Owned Subsidiary of MetLife Insurance Company of
    Connecticut)Notes to Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
    Commitments
  Commitments
    to Fund Partnership Investments
    Mortgage
    Loan Commitments
    Guarantees
         26




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##### Table of Contents



MetLife
    Life and Annuity Company of Connecticut (A
    Wholly-Owned Subsidiary of MetLife Insurance Company of
    Connecticut)Notes to Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
  5.
    Employee
    Benefit Plans      6.
    Equity  Dividend
    Restrictions
   27




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##### Table of Contents



MetLife
    Life and Annuity Company of Connecticut (A
    Wholly-Owned Subsidiary of MetLife Insurance Company of
    Connecticut)Notes to Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
  Comprehensive
    Income (Loss)
    SUCCESSOR


SUCCESSOR


SUCCESSOR


PREDECESSORThree Months Ended


Nine Months Ended


Three Months Ended


Six Months EndedSeptember 30,


September 30,


September 30,


June 30,2006


2005


2006


2005


2005(In millions)Net income

$
59


$
31


$
141


$
31


$
76Other comprehensive income (loss):Unrealized gains (losses) on
    derivative instruments, net of income taxes


















(2
)Unrealized investment gains
    (losses), net of related offsets and income taxes


90



(32
)


6



(32
)


(5
)Other comprehensive income (loss)


90



(32
)


6



(32
)


(7
)Comprehensive income (loss)

$
149


$
(1
)

$
147


$
(1
)

$
69   7.
    Other
    Expenses    SUCCESSOR


SUCCESSOR


SUCCESSOR


PREDECESSORThree Months Ended


Nine Months Ended


Three Months Ended


Six Months EndedSeptember 30,


September 30,


September 30,


June 30,2006


2005


2006


2005


2005(In millions)Compensation

$
13


$
16


$
45


$
16


$
19Commissions


29



81



135



81



180Amortization of DAC and VOBA


54



76



130



76



133Capitalization of DAC


(22
)


(81
)


(118
)


(81
)


(222
)Rent, net of sublease income






1



2



1



1Other


10



5



28



5



73Total other expenses

$
84


$
98


$
222


$
98


$
184   8.
    Related
    Party Transactions      investment-type
 28




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##### Table of Contents



MetLife
    Life and Annuity Company of Connecticut (A
    Wholly-Owned Subsidiary of MetLife Insurance Company of
    Connecticut)Notes to Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
           29




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##### Table of Contents



Item 2.
    Managements
    Discussion and Analysis of Financial Condition and Results of
    Operations  Form 10-Q. Form 10-K
        Form 10-K, Form 10-Q,
  Acquisition
   30




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##### Table of Contents



Business Combinations, Goodwill and Other Intangible
    Assets, Push Down
    Basis of Accounting Required in Certain Limited Circumstances,
  Business
    Summary
    of Critical Accounting Estimates
    Results
    of Operations
  period-over-period
 31




---



##### Table of Contents



PRO FORMASUCCESSOR


SUCCESSOR


PREDECESSOR


COMBINED RESULTSNine Months Ended


Three Months Ended


Six Months Ended


Nine Months EndedSeptember 30,


September 30,


June 30,


September 30,2006


2005


2005


2005(In millions)RevenuesPremiums

$
33


$
7


$
20


$
27Universal life and investment-type
    product policy fees


365



117



221



338Net investment income


275



87



223



310Other revenues


21



5



12



17Net investment gains (losses)


(68
)


8



(6
)


2Total revenues


626



224



470



694ExpensesPolicyholder benefits and claims


87



44



49



93Interest credited to policyholder
    
    account balances


114



38



126



164Other expenses


222



98



184



282Total expenses


423



180



359



539Income before provision for income
    taxes


203



44



111



155Provision for income taxes


62



13



35



48Net income

$
141


$
31


$
76


$
107   Net
    Income
               32




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##### Table of Contents



Total
    Revenues
            Total
    Expenses
         33




---



##### Table of Contents



Insurance
    Regulations
      Adoption
    of New Accounting Pronouncements
    
    Effective January 1, 2006, the Company adopted
    prospectively SFAS No. 155, Accounting for Certain
    Hybrid Instruments(SFAS 155).
    SFAS 155 amends SFAS No. 133, Accounting for
    Derivative Instruments and Hedging
    (SFAS 133) and SFAS No. 140,
    Accounting for Transfers and Servicing of Financial Assets
    and Extinguishments of Liabilities(SFAS 140). SFAS 155 allows financial
    instruments that have embedded derivatives to be accounted for
    as a whole, eliminating the need to bifurcate the derivative
    from its host, if the holder elects to account for the whole
    instrument on a fair value basis. In addition, among other
    changes, SFAS 155 (i) clarifies which interest-only
    strips and principal-only strips are not subject to the
    requirements of SFAS 133; (ii) establishes a
    requirement to evaluate interests in securitized financial
    assets to identify interests that are freestanding derivatives
    or that are hybrid financial instruments that contain an
    embedded derivative requiring bifurcation; (iii) clarifies
    that concentrations of credit risk in the form of subordination
    are not embedded derivatives; and (iv) eliminates the
    prohibition on a qualifying special-purpose entity
    (QSPE) from holding a derivative financial
    instrument that pertains to a beneficial interest other than
    another derivative financial interest. The adoption of
    SFAS 155 did not have a material impact on the
    Companys unaudited interim condensed consolidated
    financial statements.
    Effective January 1, 2006, the Company adopted
    prospectively SFAS 133 Implementation Issue No. B38,
    Embedded Derivatives: Evaluation of Net Settlement with
    Respect to the Settlement of a Debt Instrument through Exercise
    of an Embedded Put Option or Call Option(Issue
    B38) and SFAS 133 Implementation Issue No. B39,
    Embedded Derivatives: Application of Paragraph 13(b) to
    Call Options That Are Exercisable Only by the Debtor
    (Issue B39). Issue B38 clarifies that the potential
    settlement of a debtors obligation to a creditor occurring
    upon exercise of a put or call option meets the net settlement
    criteria of SFAS 133. Issue B39 clarifies that an embedded
    call option, in which the underlying is an interest rate or
    interest rate index, that can accelerate the settlement of a
    debt host financial instrument should not be bifurcated and fair
    valued if the right to accelerate the settlement can be
    exercised only by the debtor (issuer/borrower) and the investor
    will recover substantially all of its initial net investment.
    The adoption of Issues B38 and B39 did not have a material
    impact on the Companys unaudited interim condensed
    consolidated financial statements. 34




---



##### Table of Contents



Accounting Changes and Error
    Corrections, a replacement of APB Opinion No. 20 and FASB
    Statement No. 3
  No. 04-5, Determining Whether a General Partner, or the General
    Partners as a Group, Controls a Limited Partnership or Similar
    Entity When the Limited Partners Have Certain Rights (EITF 04-5). EITF 04-5 EITF 04-5 EITF 04-5 EITF 04-5
  FAS 140-2, Clarification of the Application of Paragraphs 40(b) and
    40(c) of FAS 140
  Exchanges of Nonmonetary Assets, an
    amendment of APB Opinion No. 29
  No. 03-1, The Meaning of
    Other-Than-Temporary
    Impairment and Its Application to Certain Investments (EITF 03-1). EITF 03-1 other-than-temporary EITF 03-1 available-for-sale held-to-maturity Accounting for Certain
    Investments in Debt and Equity Securities, other-than-temporary other-than-temporary FAS 115-1 FAS 124-1, The Meaning of
    Other-Than-Temporary
    Impairment and its Application to Certain Investments other-than-temporarily EITF 03-1. 115-1,
  Future
    Adoption of New Accounting Pronouncements
  Considering the Effects of
    Prior Year Misstatements when Quantifying Misstatements in
    Current Year Financial Statements
 35




---



##### Table of Contents



Employers Accounting for Defined Benefit Pension and
    Other Postretirement Plans  an amendment of FASB
    Statements No. 87, 88, 106, and SFAS No. 132(r),
  Fair Value Measurements
  Accounting for Uncertainty in
    Income Taxes  an interpretation of FASB Statement
    No. 109
  Accounting for Servicing of Financial Assets  an
    amendment of FASB Statement No. 140
 36




---



##### Table of Contents



Accounting by Insurance Enterprises
    for Deferred Acquisition Costs in Connection with Modifications
    or Exchanges of Insurance Contracts (SOP 05-1). SOP 05-1 Accounting and Reporting by Insurance
    Enterprises for Certain Long-Duration Contracts and for Realized
    Gains and Losses from the Sale of
    Investments. SOP 05-1 SOP 05-1, SOP 05-1 SOP 05-1 SOP 05-1
  Item 4.
    Controls
    and Procedures  Disclosure
    Controls and Procedures
  Rules 13a-15(e) 15d-15(e)
  Internal
    Control Over Financial Reporting
  Rule 13a-15(f)
 Part II 
    Other Information  Item 1.
    Legal
    Proceedings  Form 10-Q
 37




---



##### Table of Contents



Item 6.
    Exhibits 3.1

Charter of The Travelers Life and
    Annuity Company (now MetLife Life and Annuity Company of
    Connecticut, MLAC), as effective April 10, 1990
    (Incorporated by reference to Exhibit 3.1 of MLACs
    Annual Report on Form
    10-K for the
    fiscal year ended December 31, 2005 (the 2005 Annual
    Report))3.2

Certificate of Amendment of the
    Charter as Amended and Restated of MLAC, as effective
    May 1, 2006 (Incorporated by reference to Exhibit 3.2
    of the 2005 Annual Report)3.3

By-laws of MLAC, as effective
    April 10, 1990 (Incorporated by reference to
    Exhibit 3.3 of the 2005 Annual Report)31.1

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  38




---



##### Table of Contents



Signatures     METLIFE LIFE
    AND ANNUITY COMPANY OF CONNECTICUT
  By:
    /s/  Joseph
    J. Prochaska, Jr.   Title:
    Executive Vice-President and Chief Accounting Officer    39




---



##### Table of Contents



Exhibit Index ExhibitNumber

Exhibit Name3.1

Charter of The Travelers Life and
    Annuity Company (now MetLife Life and Annuity Company of
    Connecticut, MLAC), as effective April 10, 1990
    (Incorporated by reference to Exhibit 3.1 of MLACs
    Annual Report on Form
    10-K for the
    fiscal year ended December 31, 2005 (the 2005 Annual
    Report))3.2

Certificate of Amendment of the
    Charter as Amended and Restated of MLAC, as effective
    May 1, 2006 (Incorporated by reference to Exhibit 3.2
    of the 2005 Annual Report)3.3

By-laws of MLAC, as effective
    April 10, 1990 (Incorporated by reference to
    Exhibit 3.3 of the 2005 Annual Report)31.1

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