##### Table of Contents



UNITED STATES SECURITIES AND
    EXCHANGE COMMISSIONWashington, 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
    JUNE 30, 2007ORo

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

06-0904249(State or other jurisdiction
    of
    incorporation or organization)

(I.R.S. Employer
    Identification No.)One Cityplace, Hartford,
    Connecticut

06103-3415(Address of principal executive
    offices)

(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 June 30, 2007 (Unaudited)
    and December 31, 2006


4Interim Condensed
    Consolidated Statements of Income for the Three Months and Six
    Months Ended June 30, 2007 and 2006 (Unaudited)


5Interim Condensed
    Consolidated Statement of Stockholders Equity for the Six
    Months Ended June 30, 2007 (Unaudited)


6Interim Condensed
    Consolidated Statements of Cash Flows for the Six Months Ended
    June 30, 2007 and 2006 (Unaudited)


7Notes to Interim
    Condensed Consolidated Financial Statements
    (Unaudited)


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


24Item 4. Controls
    and Procedures


29Part
    II  Other InformationItem 1. Legal
    Proceedings


29Item 1A. Risk
    Factors


30Item 6.
    Exhibits


32Signatures


33Exhibit
    Index


E-1EX-2.1: AGREEMENT AND PLAN OF MERGEREX-3.3: CERTIFICATE OF CORRECTION TO THE CERTIFICATE OF AMENDMENTEX-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 (A
    Wholly-Owned Subsidiary of MetLife Insurance Company of
    Connecticut)Interim Condensed Consolidated Balance Sheets
    June 30, 2007 (Unaudited) and December 31, 2006
  (In millions, except share and per share data)
  June 30,


December 31,2007


2006AssetsInvestments:Fixed maturity securities
    available-for-sale, at estimated fair value (amortized cost:
    $6,374
    and $5,967, respectively)

$
6,184


$
5,889Equity securities
    available-for-sale, at estimated fair value (cost: $80 and $56,
    respectively)


79



57Mortgage loans on real estate


355



295Policy loans


57



55Real estate and real estate joint
    ventures held-for-investment


4



2Other limited partnership interests


92



68Short-term investments


70



95Other invested assets


262



341Total investments


7,103



6,802Cash and cash equivalents


217



230Accrued investment income


75



68Premiums and other receivables


350



289Deferred policy acquisition costs
    and value of business acquired


1,673



1,712Current income tax recoverable






19Deferred income tax assets


22



8Goodwill


239



239Other assets


26



25Separate account assets


12,161



12,246Total assets

$
21,866


$
21,638Liabilities and
    Stockholders EquityLiabilities:Future policy benefits

$
1,768


$
1,782Policyholder account balances


5,012



5,377Other policyholder funds


85



79Current income tax payable


6



Payables for collateral under
    securities loaned and other transactions


759



102Other liabilities


91



119Separate account liabilities


12,161



12,246Total liabilities


19,882



19,705Contingencies, 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
    at June 30, 2007 and December 31, 2006


3



3Additional paid-in capital


1,730



1,730Retained earnings


321



230Accumulated other comprehensive
    income (loss)


(70
)


(30
)Total stockholders equity


1,984



1,933Total liabilities and
    stockholders equity

$
21,866


$
21,638   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 Income
    For the Three Months and Six Months Ended June 30, 2007 and
    2006 (Unaudited)
  (In millions)
  Three Months Ended


Six Months EndedJune 30,


June 30,2007


2006


2007


2006RevenuesPremiums

$
9


$
10


$
21


$
22Universal life and investment-type
    product policy fees


112



126



224



247Net investment income


92



94



183



180Other revenues


6



6



12



13Net investment gains (losses)


(25
)


(42
)


(21
)


(74
)Total revenues


194



194



419



388ExpensesPolicyholder benefits and claims


25



46



59



71Interest credited to policyholder
    account balances


30



39



64



68Other expenses


77



67



173



138Total expenses


132



152



296



277Income before provision for income
    tax


62



42



123



111Provision for income tax


16



9



32



29Net income

$
46


$
33


$
91


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




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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 Statement of
    Stockholders Equity
    For the Six Months Ended June 30, 2007 (Unaudited)
  (In millions)
  Accumulated OtherComprehensiveIncome (Loss)NetAdditional



UnrealizedCommon

Paid-in

Retained

InvestmentStock

Capital

Earnings

Gains (Losses)

TotalBalance at January 1, 2007


$          3



$          1,730



$          230



$          (30
)


$          1,933Comprehensive income (loss):Net income










91







91Other comprehensive income (loss):Unrealized investment gains
    (losses), net of related offsets and income tax














(40
)


(40
)Other comprehensive income (loss)


















(40
)Comprehensive income (loss)


















51Balance at June 30, 2007


$          3



$          1,730



$          321



$          (70
)


$          1,984   See accompanying notes to interim condensed consolidated
    financial statements.
 6




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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 Cash Flows
    For the Six Months Ended June 30, 2007 and 2006
    (Unaudited)
  (In millions)
  Six Months EndedJune 30,2007


2006Net cash provided by operating
    activities

$
96


$
15Cash flows from investing
    activitiesSales, maturities and repayments
    of:Fixed maturity securities


1,339



1,844Equity securities


12



Mortgage loans on real estate


20



18Other limited partnership interests


34



19Purchases of:Fixed maturity securities


(1,792
)


(1,777
)Equity securities


(38
)


Mortgage loans on real estate


(80
)


(8
)Real estate and real estate joint
    ventures


(2
)


Other limited partnership interests


(52
)


(9
)Net change in policy loans


(2
)


(10
)Net change in short-term
    investments


25



(114
)Net change in other invested assets


21



21Net cash (used in) investing
    activities


(515
)


(16
)Cash flows from financing
    activitiesPolicyholder account balances:Deposits


192



336Withdrawals


(472
)


(364
)Net change in payables for
    collateral under securities loaned and other transactions


657



(5
)Financing element on certain
    derivative instruments


29



(10
)Net cash provided by (used in)
    financing activities


406



(43
)Change in cash and cash equivalents


(13
)


(44
)Cash and cash equivalents,
    beginning of period


230



233Cash and cash equivalents, end
    of period

$
217


$
189Supplemental disclosures of cash
    flow information:Net cash paid during the period
    for:Income tax

$



$
   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.
    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 investments;(iv)
    application of the consolidation rules to certain investments;(v)
    the fair value of and accounting for derivatives;(vi)
    the capitalization and amortization of deferred policy
    acquisition costs (DAC) and the establishment and
    amortization of value of business acquired (VOBA);(vii)
    the measurement of goodwill and related impairment, if any;(viii)
    the liability for future policyholder benefits;(ix)
    accounting for income taxes and the valuation of deferred income
    tax assets;(x)
    accounting for reinsurance transactions; and(xi)
    the liability for litigation and regulatory matters.   8




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##### Table of Contents



MetLife
    Life and Annuity Company of Connecticut
   Notes to Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
          Form 10-K
  Adoption
    of New Accounting Pronouncements
  Income
    Taxes
  Accounting for Uncertainty in
    Income Taxes  An Interpretation of FASB Statement
    No. 109
  Insurance
    Contracts
  05-1, 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
 9




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##### Table of Contents



MetLife
    Life and Annuity Company of Connecticut
   Notes to Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
  SOP 05-1. SOP 05-1.
  SOP 05-1
  SOP 05-1
  Other
  Accounting for Servicing of Financial
    Assets  an amendment of FASB Statement
    No. 140
  Future
    Adoption of New Accounting Pronouncements
  Clarification of the
    Scope of the Audit and Accounting Guide Investment Companies and
    Accounting by Parent Companies and Equity Method Investors for
    Investments in Investment Companies FIN 46(r)-7, Application of FASB Interpretation No. 46(r) to
    Investment Companies FIN 46(r)-7), Consolidation of Variable
    Interest Entities  An Interpretation of Accounting
    Research Bulletin No. 51, Investment Companies FIN 46(r)-7 FIN 46(r)-7
  No. FIN 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 FSP 39-1,
 10




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##### Table of Contents



MetLife
    Life and Annuity Company of Connecticut
   Notes to Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
  FSP 39-1
  The
    Fair Value Option for Financial Assets and Financial Liabilities instrument-by-instrument
  Fair Value Measurements
  2.
    Investments  Fixed
    Maturity and Equity Securities Available-for-Sale
    June 30, 2007Cost or


GrossAmortized


Unrealized


Estimated


% ofCost


Gain


Loss


Fair Value


Total(In millions)U.S. corporate securities

$
2,632


$
7


$
103


$
2,536



41.0
%Foreign corporate securities


906



4



29



881



14.2U.S. Treasury/agency securities


785







35



750



12.1Commercial mortgage-backed
    securities


754



1



19



736



11.9Residential mortgage-backed
    securities


971



4



13



962



15.6Asset-backed securities


154







2



152



2.5State and political subdivision
    securities


96







8



88



1.4Foreign government securities


76



4



1



79



1.3Total fixed maturity securities

$
6,374


$
20


$
210


$
6,184



100.0
%Non-redeemable preferred stock

$
71


$
1


$
2


$
70



88.6
%Common stock


9











9



11.4Total equity securities

$
80


$
1


$
2


$
79



100.0
%   11




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##### Table of Contents



MetLife
    Life and Annuity Company of Connecticut
   Notes to Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
  December 31, 2006Cost or


GrossAmortized


Unrealized


Estimated


% ofCost


Gain


Loss


Fair Value


Total(In millions)U.S. corporate securities

$
2,542


$
18


$
62


$
2,498



42.4
%Foreign corporate securities


892



5



21



876



14.9U.S. Treasury/agency securities


801



2



20



783



13.3Commercial mortgage-backed
    securities


736



4



6



734



12.5Residential mortgage-backed
    securities


734



10



5



739



12.5Asset-backed securities


102







2



100



1.7State and political subdivision
    securities


91



1



6



86



1.5Foreign government securities


69



5



1



73



1.2Total fixed maturity securities

$
5,967


$
45


$
123


$
5,889



100.0
%Non-redeemable preferred stock

$
55


$
2


$
1


$
56



98.2
%Common stock


1











1



1.8Total equity securities

$
56


$
2


$
1


$
57



100.0
%   Unrealized
    Loss for Fixed Maturity and Equity Securities
    Available-for-Sale
    June 30, 2007Equal to or GreaterLess than 12 months


than 12 months


TotalGross





Gross





GrossEstimated


Unrealized


Estimated


Unrealized


Estimated


UnrealizedFairValue


Loss


Fair Value


Loss


Fair Value


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

$
1,845


$
76


$
422


$
27


$
2,267


$
103Foreign corporate securities


551



17



200



12



751



29U.S. Treasury/agency securities


565



20



143



15



708



35Commercial mortgage-backed
    securities


588



13



101



6



689



19Residential mortgage-backed
    securities


695



11



38



2



733



13Asset-backed securities


73







21



2



94



2State and political subdivision
    securities


26



4



55



4



81



8Foreign government securities


27



1



4







31



1Total fixed maturity securities

$
4,370


$
142


$
984


$
68


$
5,354


$
210Equity securities

$
49


$
1


$
6


$
1


$
55


$
2Total number of securities in an
    unrealized loss position


446







381







827   12




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##### Table of Contents



MetLife
    Life and Annuity Company of Connecticut
   Notes to Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
  December 31, 2006Equal 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

$
1,330


$
40


$
500


$
22


$
1,830


$
62Foreign corporate securities


462



13



174



8



636



21U.S. Treasury/agency securities


474



17



51



3



525



20Commercial mortgage-backed
    securities


304



2



109



4



413



6Residential mortgage-backed
    securities


307



4



59



1



366



5Asset-backed securities


45







22



2



67



2State and political subdivision
    securities


21



3



54



3



75



6Foreign government securities


13



1



12







25



1Total fixed maturity securities

$
2,956


$
80


$
981


$
43


$
3,937


$
123Equity securities

$
37


$
1


$
5


$



$
42


$
1Total number of securities in an
    unrealized loss position


772







430







1,202   Aging
    of Gross Unrealized Loss for Fixed Maturity and Equity
    Securities Available-for-Sale
    June 30, 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

$
4,332


$
1


$
129


$




403



1Six months or greater but less
    than nine months


228







14







40



Nine months or greater but less
    than twelve months


1















2



Twelve months or greater


1,059







69







381



Total

$
5,620


$
1


$
212


$




826



1   13




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##### Table of Contents



MetLife
    Life and Annuity Company of Connecticut
   Notes to Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
  December 31, 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

$
2,763


$
4


$
66


$
2



696



9Six months or greater but less
    than nine months


16















24



Nine months or greater but less
    than twelve months


291







13







43



Twelve months or greater


1,029







43







430



Total

$
4,099


$
4


$
122


$
2



1,193



9        14




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##### Table of Contents



MetLife
    Life and Annuity Company of Connecticut
   Notes to Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
     June 30,


December 31,2007


2006Sector:U.S. corporate securities


49
%


50
%Foreign corporate securities


14



17U.S. Treasury/agency securities


17



16Commercial mortgage-backed
    securities


9



5Residential mortgage-backed
    securities


6



4State and political subdivision
    securities


4



5Other


1



3Total


100
%


100
%Industry:Industrial


17
%


26
%Finance


19



20Government


17



17Utility


13



12Mortgage-backed


15



9Consumer


7



2Other


12



14Total


100
%


100
%   security-by-security
   15




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##### Table of Contents



MetLife
    Life and Annuity Company of Connecticut
   Notes to Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
   Securities
    Lending
    Net
    Investment Income
    Three Months Ended


Six Months EndedJune 30,


June 30,2007


2006


2007


2006(In millions)Fixed maturity securities

$
87


$
79


$
171


$
156Equity securities






1



1



1Mortgage loans on real estate


6



4



11



8Policy loans


1







2



1Other limited partnership interests


6



9



8



11Cash, cash equivalents and
    short-term investments


3



3



7



6Other invested assets










1



Total investment income


103



96



201



183Less: Investment expenses


11



2



18



3Net investment income

$
92


$
94


$
183


$
180     Net
    Investment Gains (Losses)
    Three Months Ended


Six Months EndedJune 30,


June 30,2007


2006


2007


2006(In millions)Fixed maturity securities

$
(13
)

$
(16
)

$
(21
)

$
(44
)Equity securities


(4
)






(4
)


Mortgage loans on real estate


1







1



1Other limited partnership interests










4



Derivatives


(9
)


(26
)


(1
)


(31
)Net investment gains (losses)

$
(25
)

$
(42
)

$
(21
)

$
(74
)  16




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##### Table of Contents



MetLife
    Life and Annuity Company of Connecticut
   Notes to Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
        3.
    Derivative
    Financial Instruments  Types
    of Derivative Financial Instruments
    June 30, 2007


December 31, 2006Current Market





Current MarketNotional


or Fair Value


Notional


or Fair ValueAmount


Assets


Liabilities


Amount


Assets


Liabilities(In millions)Interest rate swaps

$
770


$
209


$
5


$
911


$
266


$
32Financial futures


162







1



26







Foreign currency swaps


37







8



32



1



9Foreign currency forwards


1











4







Options






37



5







53



5Financial forwards






















1Credit default swaps


56











4







Total

$
1,026


$
246


$
19


$
977


$
320


$
47      17




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##### Table of Contents



MetLife
    Life and Annuity Company of Connecticut
   Notes to Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
   Hedging
    June 30, 2007


December 31, 2006Notional


Fair Value


Notional


Fair ValueAmount


Assets


Liabilities


Amount


Assets


Liabilities(In millions)Fair value

$
6


$



$



$



$



$
Cash flow


4



















Non-qualifying


1,016



246



19



977



320



47Total

$
1,026


$
246


$
19


$
977


$
320


$
47     Fair
    Value Hedges
  Accounting for Derivative Instruments
    and Hedging
      Cash
    Flow Hedges
      Non-qualifying
    Derivatives and Derivatives for Purposes Other Than
    Hedging
   18




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##### Table of Contents



MetLife
    Life and Annuity Company of Connecticut
   Notes to Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
      Embedded
    Derivatives
    Credit
    Risk
         19




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##### Table of Contents



MetLife
    Life and Annuity Company of Connecticut
   Notes to Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
   4.
    Contingencies,
    Commitments and Guarantees  Contingencies
  Litigation
  and/or
      Macomber, et al. v. Travelers Property Casualty Corp.,
    et al. (Conn. Super. Ct., Hartford, filed April 7,
    1999).
     20




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##### Table of Contents



MetLife
    Life and Annuity Company of Connecticut
   Notes to Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
      Commitments
  Commitments
    to Fund Partnership Investments
    Mortgage
    Loan Commitments
    Commitments
    to Fund Bank Credit Facilities and Private Corporate Bond
    Investments
    Guarantees
         21




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##### Table of Contents



MetLife
    Life and Annuity Company of Connecticut
   Notes to Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
   5.
    Comprehensive
    Income (Loss)    Three Months Ended


Six Months EndedJune 30,


June 30,2007


2006


2007


2006(In millions)Net income

$
46


$
33


$
91


$
82Other comprehensive income (loss):Unrealized investment gains
    (losses), net of related offsets and income tax


(45
)


(30
)


(40
)


(84
)Other comprehensive income (loss):


(45
)


(30
)


(40
)


(84
)Comprehensive income (loss)

$
1


$
3


$
51


$
(2
)   6.
    Other
    Expenses    Three Months Ended


Six Months EndedJune 30,


June 30,2007


2006


2007


2006(In millions)Compensation

$
6


$
15


$
11


$
33Commissions


21



45



44



106Amortization of DAC and VOBA


55



40



121



76Capitalization of DAC


(14
)


(41
)


(28
)


(96
)Insurance tax


4



3



6



6Other


5



5



19



13Total other expenses

$
77


$
67


$
173


$
138   7.
    Related
    Party Transactions       22




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##### Table of Contents



MetLife
    Life and Annuity Company of Connecticut
   Notes to Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
     23




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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
    and/or
    Business
      Summary
    of Critical Accounting Estimates
    (i)
    the fair value of investments in the absence of quoted market
    values; 24




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##### Table of Contents



(ii)
    investment impairments;(iii)
    the recognition of income on certain investments;  (iv)
    application of the consolidation rules to certain investments;(v)
    the fair value of and accounting for derivatives;(vi)
    the capitalization and amortization of DAC and the establishment
    and amortization of VOBA;  (vii)
    the measurement of goodwill and related impairment, if any;(viii)
    the liability for future policyholder benefits;  (ix)
    accounting for income taxes and the valuation of deferred income
    tax assets;(x)
    accounting for reinsurance transactions; and(xi)
    the liability for litigation and regulatory matters.    Results
    of Operations
  Discussion
    of Results
    Six Months EndedJune 30,2007


2006(In millions)RevenuesPremiums

$
21


$
22Universal life and investment-type
    product policy fees


224



247Net investment income


183



180Other revenues


12



13Net investment gains (losses)


(21
)


(74
)Total revenues


419



388ExpensesPolicyholder benefits and claims


59



71Interest credited to policyholder
    account balances


64



68Other expenses


173



138Total expenses


296



277Income before provision for income
    tax


123



111Provision for income tax


32



29Net income

$
91


$
82   Net
    Income
   25




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##### Table of Contents




    Higher DAC amortization of $29 million, net of income tax,
    driven by lower net investment losses and revisions to
    managements assumptions used to determine estimated gross
    profits and margins.
    Lower universal life and investment-type product policy fees and
    other revenues of $11 million, net of income tax, resulting
    from an increase in ceded reinsurance on certain universal life
    and annuity products.
    An increase in interest credited to policyholder account
    balances of $3 million, net of income tax, excluding the
    impact of interest margins discussed below, primarily due to
    lower amortization of the excess interest reserves on annuity
    and universal life blocks of business.    
    Lower expenses of $7 million, net of income tax, primarily
    due to a reduction in the current year period of previously
    established legal reserves.
    Higher net investment income of $6 million, net of income
    tax, on blocks of business that were not driven by interest
    margins, due to growth in the average asset base.
    Favorable underwriting results primarily in life products of
    $3 million, net of income tax. 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.
    An increase in interest margins of $1 million, net of
    income tax. Interest margins relate primarily to the general
    account portion of investment-type products. Management
    attributed $8 million of the increase to the universal life
    business mostly offset by a $7 million decrease in other
    investment-type products. Interest margin is the difference
    between interest earned and interest credited to policyholder
    account balances. Interest earned approximates net investment
    income on invested assets attributed to these businesses with
    net adjustments for other non-policyholder elements. Interest
    credited approximates the amount recorded in interest credited
    to policyholder account balances. Interest credited to
    policyholder account balances is subject to contractual terms,
    including some minimum guarantees, and may reflect actions by
    management to respond to competitive pressures. Interest
    credited to policyholder account balances tends to move
    gradually over time to reflect market interest rate movements,
    subject to any minimum guarantees and, therefore, generally does
    not introduce volatility in expense.    Revenues
       26




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##### Table of Contents



Expenses
          Insurance
    Regulations
      Adoption
    of New Accounting Pronouncements
  Income
    Taxes
  Accounting for Uncertainty in
    Income Taxes  An Interpretation of FASB Statement
    No. 109
  Insurance
    Contracts
  05-1, Accounting by Insurance Enterprises for Deferred Acquisition
    Costs in Connection with Modifications or Exchanges of Insurance
    Contracts (SOP 05-1). SOP 05-1
 27




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##### Table of Contents



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
  SOP 05-1
  Other
  Accounting for Servicing of Financial
    Assets  an amendment of FASB Statement
    No. 140
  Future
    Adoption of New Accounting Pronouncements
  Clarification of the
    Scope of the Audit and Accounting Guide Investment Companies and
    Accounting by Parent Companies and Equity Method Investors for
    Investments in Investment Companies FIN 46(r)-7, Application of FASB Interpretation No. 46(r) to
    Investment Companies FIN 46(r)-7), Consolidation of Variable
    Interest Entities  An Interpretation of Accounting
    Research Bulletin No. 51, Investment Companies FIN 46(r)-7 FIN 46(r)-7
  No. FIN 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 FSP 39-1,
 28




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##### Table of Contents



FSP 39-1
  The
    Fair Value Option for Financial Assets and Financial Liabilities instrument-by-instrument
  Fair Value Measurements
  Item 4.
    Controls
    and Procedures  Rule 15d-15(e)
  Rule 13a-15(f)
 Part II 
    Other Information  Item 1.
    Legal
    Proceedings  Form 10-Q
  Macomber, et al. v. Travelers Property Casualty Corp., et al.
    (Conn. Super. Ct., Hartford, filed April 7, 1999).
     29




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##### Table of Contents



Item 1A.
    Risk
    Factors    Litigation
    and Regulatory Investigations Are Increasingly Common in the
    Insurance Business and May Result in Significant Financial
    Losses and Harm to Our Reputation
               30




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##### Table of Contents



Macomber, et al. v. Travelers Property Casualty Corp., et al.
    (Conn. Super. Ct., Hartford, filed April 7, 1999).
   31




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##### Table of Contents



Item 6.
    Exhibits  2
.1

Agreement and Plan of Merger by
    and between MetLife Insurance Company of Connecticut and MetLife
    Life and Annuity Company of Connecticut, dated as of
    June 29, 20073
.1

Charter of The Travelers Life and
    Annuity Company, as effective April 10, 1990 (Incorporated
    by reference to Exhibit 3.1 to The Travelers Life and
    Annuity Companys Annual Report on
    Form 10-K
    for the year ended December 31, 2005 (2005 Annual
    Report))3
.2

Certificate of Amendment of the
    Charter as Amended and Restated of The Travelers Life and
    Annuity Company, as effective May 1, 2006 (Incorporated by
    reference to Exhibit 3.2 to the 2005 Annual Report)3
.3

Certificate of Correction to the
    Certificate of Amendment of the Charter of MetLife Life and
    Annuity Company of Connecticut, filed April 9, 200731
.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  32




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##### 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    33




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##### Table of Contents



Exhibit Index  ExhibitNumber

Exhibit Name2
.1

Agreement and Plan of Merger by
    and between MetLife Insurance Company of Connecticut and MetLife
    Life and Annuity Company of Connecticut, dated as of
    June 29, 20073
.1

Charter of The Travelers Life and
    Annuity Company, as effective April 10, 1990 (Incorporated
    by reference to Exhibit 3.1 to The Travelers Life and
    Annuity Companys Annual Report on
    Form 10-K
    for the year ended December 31, 2005 (2005 Annual
    Report))3
.2

Certificate of Amendment of the
    Charter as Amended and Restated of The Travelers Life and
    Annuity Company, as effective May 1, 2006 (Incorporated by
    reference to Exhibit 3.2 to the 2005 Annual Report)3
.3

Certificate of Correction to the
    Certificate of Amendment of the Charter of MetLife Life and
    Annuity Company of Connecticut, filed April 9, 200731
.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