Document:

<PAGE>   1
                                                                   Exhibit 10.20

                                                           EXECUTION COUNTERPART

                                 AMENDMENT NO. 2

                  AMENDMENT NO. 2 dated as of June 30, 2000, among METROPOLITAN
LIFE INSURANCE COMPANY (the "Company"), METLIFE FUNDING, INC. ("Funding" and
together with the Company, the "Borrowers"); each of the banks and financial
institutions that is a signatory hereto (individually, a "Lender" and,
collectively, the "Lenders"); and THE CHASE MANHATTAN BANK as administrative
agent for the Lenders (in such capacity, together with its successors in such
capacity, the "Administrative Agent").

                  The Borrowers, the Lenders and the Administrative Agent are
party to a Five-Year Credit Agreement dated as of April 27, 1998 (as heretofore
modified and supplemented and in effect on the date hereof, the "Credit
Agreement"), providing, subject to the terms and conditions thereof, for the
making of loans by the Lenders to the Borrowers in an aggregate principal amount
up to $1,000,000,000 (as the same may be increased pursuant to Section 2.18
thereof).

                  The Borrowers, the Lenders and the Administrative Agent wish
to amend the Credit Agreement in certain respects, and accordingly, the parties
hereto hereby agree as follows:

                  Section 1. Definitions. Except as otherwise defined in this
Amendment No. 2, terms defined in the Credit Agreement are used herein as
defined therein.

                  Section 2. Amendments. Subject to the satisfaction of the
conditions precedent specified in Section 3 below, but effective as of the date
hereof, the Credit Agreement shall be amended as follows:

                  2.01. General. References in the Credit Agreement (including
references to the Credit Agreement as amended hereby) to "this Agreement" (and
indirect references such as "hereunder", "hereby", "herein" and "hereof") shall
be deemed to be references to the Credit Agreement as amended hereby.

                  2.02. Definitions. Section 1.01 of the Credit Agreement shall
be amended by adding the following definitions:

                           "Adjusted Statutory Surplus" means, at any time, the
                  sum of (i) Statutory Surplus (calculated in accordance with
                  the NAIC Statements, page 3, column 1, line 38) plus (ii)
                  Asset Valuation Reserve (calculated in accordance with the
                  NAIC Statements, page 3, column 1, line 24.1).

                           "MetLife" means MetLife, Inc., a Delaware
                  corporation.

                           "Structured Transaction Liens" means Liens granted by
                  the Company to (A) a 99%-owned Subsidiary (the "Relevant
                  Subsidiary") in connection with a structured private
                  investment transaction entered into in September 1999 (the

                                Amendment No. 2
<PAGE>   2
                                      -2-

                  "Structured Transaction") where (i) in connection with such
                  transaction, such Liens are assigned to a special purpose
                  Subsidiary of the Company (the "SPV") in which the Company is
                  the holder of all outstanding obligations (other than ordinary
                  course administrative expenses and common equity interests)
                  and (ii) the assets covered by such Liens consist solely of
                  the rights of the Company against the SPV; and (B) the SPV in
                  connection with the Structured Transaction which are
                  subordinated to, and exercisable only after, the Liens
                  described in the preceding clause (A) and which cover only the
                  assets covered by the Liens described in said clause (A).

                  2.03. Amendment of Section 5.01(a). Section 5.01(a) of the
Credit Agreement shall be amended to read in its entirety as follows:

                  " (a) (i) as soon as available, but not later than 120 days
         after the end of each fiscal year of MetLife, copies of MetLife's
         annual report on Form 10-K as filed with the SEC for such fiscal year;
         and (ii) as soon as available, but not later than 45 days after the end
         of each of the first three fiscal quarters of each fiscal year of
         MetLife, copies of MetLife's quarterly report on Form 10-Q as filed
         with the SEC for such fiscal quarter, in each case certified by an
         appropriate Financial Officer as being the complete and correct copies
         of the statements on such forms furnished by MetLife to the SEC;".

                  2.04. Amendment of Section 6.01. Section 6.01 of the Credit
Agreement shall be amended by re-lettering clauses (g), (h), (i), (j) and (k) as
clauses (h), (i), (j), (k) and (l) respectively, and adding the following new
clause (g) immediately following clause (f):

                           "(g) Structured Transaction Liens;".

                  2.05. Amendment of Section 6.04. Section 6.04 of the Credit
Agreement shall be amended to read in its entirety as follows:

                           "Section 6.04 Adjusted Statutory Surplus. The Company
                  will maintain Adjusted Statutory Surplus, calculated as of the
                  last day of each fiscal quarter of the Company, of not less
                  than $7,500,000,000.".

                  Section 3. Conditions Precedent. The amendments to the Credit
Agreement set forth in Section 2 hereof shall become effective, as of the date
hereof, upon the execution and delivery of this Amendment No. 2 by the
Borrowers, the Required Lenders and the Administrative Agent.

                  Section 4. Miscellaneous. Except as herein provided, the
Credit Agreement shall remain unchanged and in full force and effect. This
Amendment No. 2 may be executed in any number of counterparts, all of which
taken together shall constitute one and the same amendatory instrument and any
of the parties hereto may execute this Amendment No. 2 by signing any such
counterpart. This Amendment No. 2 shall be governed by, and construed in
accordance with, the law of the State of New York.

                                Amendment No. 2
<PAGE>   3
                                      -3-

                  IN WITNESS WHEREOF, the parties hereto have caused this
Amendment No. 2 to be duly executed and delivered as of the day and year first
above written.

                            METROPOLITAN LIFE INSURANCE COMPANY

                           By:
                               ------------------------------------------------
                               Name:
                               Title:

                            METLIFE FUNDING, INC.

                           By:
                               ------------------------------------------------
                               Name:
                               Title:

                            THE CHASE MANHATTAN BANK,
                             individually and as Administrative Agent,

                           By:
                               ------------------------------------------------
                               Name:
                               Title:

                            CREDIT SUISSE FIRST BOSTON

                           By:
                               ------------------------------------------------
                               Name:
                               Title:

                           By:
                               ------------------------------------------------
                               Name:
                               Title:

                            THE BANK OF NEW YORK

                            By:
                               ------------------------------------------------
                               Name:
                               Title:

                                Amendment No. 2
<PAGE>   4
                                      -4-

                              CITIBANK, N.A.

                            By:
                               ------------------------------------------------
                               Name:
                               Title:

                            BANK OF TOKYO-MITSUBISHI TRUST
                              COMPANY

                            By:
                               ------------------------------------------------
                               Name:
                               Title:

                            BANK ONE, N.A. (formerly known as
                              The First National Bank of Chicago)

                            By:
                               ------------------------------------------------
                               Name:
                               Title:

                            FIRST UNION NATIONAL BANK

                            By:
                               ------------------------------------------------
                               Name:
                               Title:

                            FLEET NATIONAL BANK

                            By:
                               ------------------------------------------------
                               Name:
                               Title:

                            MELLON BANK, N.A.

                            By:
                               ------------------------------------------------
                               Name:
                               Title:

                                Amendment No. 2
<PAGE>   5
                                      -5-

                            BANCO SANTANDER CENTRAL HISPANO

                            By:
                               ------------------------------------------------
                               Name:
                               Title:

                            By:
                               ------------------------------------------------
                               Name:
                               Title:

                            BANK OF AMERICA, N.A., f/k/a
                              Bank of America National Trust and
                              Savings Association, successor by merger
                              To Bank of America, N.A., f/k/a
                              NationsBank, N.A., successor by merger
                              To NationsBank of Texas, N.A.

                            By:
                               ------------------------------------------------
                               Name:
                               Title:

                            DEUTSCHE BANK, AG NEW YORK and/or
                             CAYMAN ISLANDS BRANCHES

                            By:
                               ------------------------------------------------
                               Name:
                               Title:

                            By:
                               ------------------------------------------------
                               Name:
                               Title:

                            STATE STREET BANK AND TRUST COMPANY

                            By:
                               ------------------------------------------------
                               Name:
                               Title:

                                Amendment No. 2
<PAGE>   6
                                      -6-

                            SUNTRUST

                            By:
                               ------------------------------------------------
                               Name:
                               Title:

                            By:
                               ------------------------------------------------
                               Name:
                               Title:

                            WACHOVIA BANK

                            By:
                               ------------------------------------------------
                               Name:
                               Title:

                            BARCLAYS BANK

                            By:
                               ------------------------------------------------
                               Name:
                               Title:

                            KEY BANK NATIONAL ASSOCIATION

                            By:
                               ------------------------------------------------
                               Name:
                               Title:

                            NORTHERN TRUST COMPANY

                            By:
                               ------------------------------------------------
                               Name:
                               Title:

                                Amendment No. 2
<PAGE>   7
                                      -7-

                            ISTITUTO BANCARIO SAN PAOLO DI
                            TORINO-ISTITUTO MOBILIARE ITALIANO SPA

                            By:
                               ------------------------------------------------
                               Name:
                               Title:

                            By:
                               ------------------------------------------------
                               Name:
                               Title:

                            U.S. BANK NATIONAL ASSOCIATION

                            By:
                               ------------------------------------------------
                               Name:
                               Title:

                            BANK OF MONTREAL

                            By:
                               ------------------------------------------------
                               Name:
                               Title:

                            BANQUE NATIONALE DE PARIS

                            By:
                               ------------------------------------------------
                               Name:
                               Title:

                            By:
                               ------------------------------------------------
                               Name:
                               Title:

                                Amendment No. 2
<PAGE>   8
                                      -8-

                           DEN DANSKE BANK AKTIESELSKAB
                              CAYMAN ISLANDS BRANCH

                            By:
                               ------------------------------------------------
                               Name:
                               Title:

                            By:
                               ------------------------------------------------
                               Name:
                               Title:

                            PNC BANK NATIONAL ASSOCIATION

                            By:
                               ------------------------------------------------
                               Name:
                               Title:

                                Amendment No. 2<PAGE>   1
                                                                   Exhibit 10.22

                                                           EXECUTION COUNTERPART

================================================================================

              SECOND AMENDED AND RESTATED 364-DAY CREDIT AGREEMENT

                                   dated as of

                                 April 25, 2000

                                      among

                       METROPOLITAN LIFE INSURANCE COMPANY
                             METLIFE FUNDING, INC.,
                                  as Borrowers

                            The LENDERS Party Hereto

                           CREDIT SUISSE FIRST BOSTON,
                      as Syndication Agent and Co-Arranger

                                 CITIBANK, N.A.
                              THE BANK OF NEW YORK,
                             as Documentation Agents

                                       and

                            THE CHASE MANHATTAN BANK,
                             as Administrative Agent

                            -------------------------

                                 $1,000,000,000
                            -------------------------

                             CHASE SECURITIES INC.,
                   as Advisor, Lead Arranger and Book Manager

================================================================================
<PAGE>   2
                  SECOND AMENDED AND RESTATED 364-DAY CREDIT AGREEMENT dated as
of April 25, 2000 (the "Restatement Date") among:

                  METROPOLITAN LIFE INSURANCE COMPANY (the "Company");

                  METLIFE FUNDING, INC. ("Funding") and together with the
         Company, the "Borrowers");

                  each of the banks and other financial institutions that is a
         signatory hereto (individually, a "Lender" and, collectively, the
         "Lenders"); and

                  THE CHASE MANHATTAN BANK, as administrative agent for the
         Lenders (in such capacity, together with its successors in such
         capacity, the "Administrative Agent").

                              W I T N E S S E T H:

                  WHEREAS, the Borrowers, certain of the Lenders and the
Administrative Agent are party to an Amended and Restated 364-Day Credit
Agreement dated as of April 26, 1999 (the "Existing Credit Agreement") providing
for the making of loans by the Lenders party thereto to the Borrowers in an
aggregate principal amount up to $1,000,000,000 (as the same may be increased
pursuant to Section 2.19 thereof);

                  WHEREAS, the parties hereto desire to amend in certain
respects and restate in its entirety the Existing Credit Agreement;

                  NOW, THEREFORE, the parties hereto agree to amend the Existing
Credit Agreement as set forth in Section 2 hereof and to restate the Existing
Credit Agreement to read in its entirety as set forth in the Existing Credit
Agreement (which Existing Credit Agreement is incorporated herein by this
reference), as amended by the amendments set forth in Section 2 hereof:

                  Section 1.  Definitions.  Capitalized terms used but not
otherwise defined herein have the meanings given them in the Existing Credit
Agreement.

                  Section 2. Amendments.  Subject to the satisfaction of the
conditions specified in Section 4 hereof, but with effect on and after the
Restatement Date, the Existing Credit Agreement shall be amended as follows:

                           2.01. General. Each reference to the "Credit
         Agreement" and words of similar import in the Existing Credit
         Agreement, as amended and restated hereby shall be a reference to the
         Existing Credit Agreement as amended and restated hereby and as the

              Second Amended and Restated 364-Day Credit Agreement
              ----------------------------------------------------
<PAGE>   3
                                      -2-

         same may be further amended, supplemented and otherwise modified and in
         effect from time to time.

                           2.02.  Definitions.

                           (a) Section 1.01 of the Existing Credit Agreement
         shall be amended by amending and restating the following definition as
         follows:

                           "Maturity Date" means April 24, 2001, as such date
                  may be extended pursuant to Section 2.18 hereof.

                           (b) Section 1.01 of the Existing Credit Agreement
         shall be amended by adding the following definitions:

                           "Adjusted Statutory Surplus" means, at any time, the
                  sum of (i) Statutory Surplus (calculated in accordance with
                  the NAIC Statements, page 3, column 1, line 38) plus (ii)
                  Asset Valuation Reserve (calculated in accordance with the
                  NAIC Statements, page 3, column 1, line 24.1).

                           "MetLife" means MetLife, Inc., a Delaware
                  corporation.

                           "Second Restatement Effective Date" means the date
                  upon which the conditions specified in Section 4 of this
                  Second Amended and Restated 364-Day Credit Agreement shall
                  have been satisfied.

                           "Structured Transaction Liens" means Liens granted by
                  the Company to (A) a 99%-owned Subsidiary (the "Relevant
                  Subsidiary") in connection with a structured private
                  investment transaction entered into in September 1999 (the
                  "Structured Transaction") where (i) in connection with such
                  transaction, such Liens are assigned to a special purpose
                  Subsidiary of the Company (the "SPV") in which the Company is
                  the holder of all outstanding obligations (other than ordinary
                  course administrative expenses and common equity interests)
                  and (ii) the assets covered by such Liens consist solely of
                  the rights of the Company against the SPV; and (B) the SPV in
                  connection with the Structured Transaction which are
                  subordinated to, and exercisable only after, the Liens
                  described in the preceding clause (A) and which cover only the
                  assets covered by the Liens described in said clause (A).

                           2.03.  Amendment of Section 5.01(a).  Section 5.01(a)
         of the Existing Credit Agreement shall be amended to read in its
         entirety as follows:

                           " (a) (i) as soon as available, but not later than
         120 days after the end of each fiscal year of MetLife, copies of
         MetLife's annual report on Form 10-K as filed with the SEC for such
         fiscal year; and (ii) as soon as available, but not later than 45 days
         after the end of each of the first three fiscal quarters of each fiscal
         year of MetLife, copies of MetLife's quarterly report on Form 10-Q as
         filed with the SEC for such fiscal quarter, in

              Second Amended and Restated 364-Day Credit Agreement
              ----------------------------------------------------
<PAGE>   4
                                      -3-

         each case certified by an appropriate Financial Officer as being the
         complete and correct copies of the statements on such forms furnished
         by MetLife to the SEC;".

                           2.04. Amendment of Section 6.01. Section 6.01 of the
         Existing Credit Agreement shall be amended by re-lettering clauses (g),
         (h), (i), (j) and (k) as clauses (h), (i), (j), (k) and (l)
         respectively, and adding the following new clause (g) immediately
         following clause (f):

                      "(g) Structured Transaction Liens;".

                           2.05.  Amendment of Section 6.04.  Section 6.04 of
         the Existing Credit Agreement shall be amended to read in its entirety
         as follows:

                           "Section 6.04 Adjusted Statutory Surplus. The Company
                  will maintain Adjusted Statutory Surplus, calculated as of the
                  last day of each fiscal quarter of the Company, of not less
                  than $7,500,000,000.".

                           2.06. Schedules and Exhibits. Schedule 2.01 to the
         Existing Credit Agreement shall be amended to read in its entirety as
         set forth in Schedule 2.01 attached hereto. Schedule 3.06 to the
         Existing Credit Agreement shall be amended to read in its entirety as
         set forth in Schedule 3.06 attached hereto.

                  Section 3.  Representations and Warranties.  The Company
         represents and warrants to the Lenders that:

                           (a) the execution, delivery and performance of this
         Second Amended and Restated 364-Day Credit Agreement, the borrowing of
         Loans and the use of the proceeds thereof are within each Borrower's
         corporate powers and have been duly authorized by all necessary
         corporate action. This Second Amended and Restated 364-Day Credit
         Agreement has been duly and validly executed and delivered by each
         Borrower and constitutes a legal, valid and binding obligation of each
         Borrower, enforceable in accordance with its terms, subject to
         applicable bankruptcy, insolvency, reorganization, moratorium or other
         laws affecting creditors' rights generally and subject to general
         principles of equity, regardless of whether considered in a proceeding
         in equity or at law.

                           (b) (i) the representations and warranties made in
         Article III of the Existing Credit Agreement shall be true and correct
         on and as of the Second Restatement Effective Date, (ii) at the time of
         and immediately after the Second Restatement Effective Date, no Default
         shall have occurred and be continuing, and (iii) since December 31,
         1999, there has been no material adverse change in the business,
         property, condition (financial or otherwise) or prospects of the
         Company and its Subsidiaries taken as a whole from that set forth in
         the respective financial statements referred to in Section 3.04(a) of
         the Existing Credit Agreement.

                  Section 4. Conditions. The amendment and restatement of the
Existing Credit Agreement contemplated hereby shall become effective, as of the
Restatement Date, upon the

              Second Amended and Restated 364-Day Credit Agreement
              ----------------------------------------------------
<PAGE>   5
                                      -4-

satisfaction of each of the following conditions to effectiveness (including,
without limitation, that each document to be received by the Administrative
Agent shall be in form and substance satisfactory to the Administrative Agent):

                  4.01 Execution. The Administrative Agent (or its counsel)
         shall have received from each party hereto either (i) a counterpart of
         this Second Amended and Restated 364-Day Credit Agreement signed on
         behalf of such party or (ii) written evidence satisfactory to the
         Administrative Agent (which may include telecopy transmission of a
         signed signature page of this Second Amended and Restated 364-Day
         Credit Agreement) that such party has signed a counterpart of this
         Second Amended and Restated 364-Day Credit Agreement.

                  4.02 Fees and Expenses. The Administrative Agent and Chase
         Securities Inc., in its capacity as lead arranger, shall have received
         all fees and other amounts due and payable on or prior to the Second
         Restatement Effective Date, including, to the extent invoiced,
         reimbursement or payment of all out-of-pocket expenses required to be
         reimbursed or paid by the Borrowers hereunder.

                  4.03  Restatement Effective Date.  The Second Restatement
         Effective Date shall have occurred on or prior to April 25, 2000.

The Administrative Agent shall notify the Borrower and the Lenders of the
occurrence of the Second Restatement Effective Date, and such notice shall be
conclusive and binding.

                  Section 5. Counterparts. This Second Amended and Restated
364-Day Credit Agreement may be executed in any number of counterparts, each of
which shall be identical and all of which, when taken together, shall constitute
one and the same instrument, and any of the parties hereto may execute this
Second Amended and Restated 364-Day Credit Agreement by signing any such
counterpart.

                  Section 6. Miscellaneous. Except as herein provided, the
Existing Credit Agreement shall remain unchanged and in full force and effect.
This Second Amended and Restated 364-Day Credit Agreement shall be binding upon
and inure to the benefit of the parties hereto and their respective successors
and assigns. This Second Amended and Restated 364-Day Credit Agreement shall be
governed by, and construed in accordance with, the law of the State of New York.

              Second Amended and Restated 364-Day Credit Agreement
              ----------------------------------------------------
<PAGE>   6
                                      -5-

                  IN WITNESS WHEREOF, the parties hereto have caused this Second
Amended and Restated 364-Day Credit Agreement to be duly executed as of the day
and year first above written.

                                    METROPOLITAN LIFE INSURANCE COMPANY

                                    By:
                                        ----------------------------------------
                                       Name:
                                       Title:

                                    METLIFE FUNDING, INC.

                                    By:
                                        ----------------------------------------
                                       Name:
                                       Title:

                                    THE CHASE MANHATTAN BANK,
                                      individually and as Administrative Agent,

                                    By:
                                        ----------------------------------------
                                       Name:
                                       Title:

                                    CREDIT SUISSE FIRST BOSTON

                                    By:
                                        ----------------------------------------
                                       Name:
                                       Title:

                                    By:
                                        ----------------------------------------
                                       Name:
                                       Title:

              Second Amended and Restated 364-Day Credit Agreement
              ----------------------------------------------------
<PAGE>   7
                                      -6-

                                    THE BANK OF NEW YORK

                                    By:
                                        ----------------------------------------
                                       Name:
                                       Title:

                                    CITIBANK, N.A.

                                    By:
                                        ----------------------------------------
                                       Name:
                                       Title:

                                    BANK ONE, NA (formerly known as The First
                                      National Bank of Chicago)

                                    By:
                                        ----------------------------------------
                                       Name:
                                       Title:

                                    FIRST UNION NATIONAL BANK

                                    By:
                                        ----------------------------------------
                                       Name:
                                       Title:

                                    FLEET NATIONAL BANK

                                    By:
                                        ----------------------------------------
                                       Name:
                                       Title:

                                    MELLON BANK, N.A.

                                    By:
                                        ----------------------------------------
                                       Name:
                                       Title:

              Second Amended and Restated 364-Day Credit Agreement
              ----------------------------------------------------
<PAGE>   8
                                      -7-

                                    BANCO SANTANDER

                                    By:
                                        ----------------------------------------
                                       Name:
                                       Title:

                                    By:
                                        ----------------------------------------
                                       Name:
                                       Title:

                                    BANK OF AMERICA, N.A., f/k/a
                                      Bank of America National Trust and
                                      Savings Association, successor by merger
                                      to Bank of America, N.A., f/k/a
                                      NationsBank, N.A., successor by merger
                                      to NationsBank of Texas, N.A.

                                    By:
                                        ----------------------------------------
                                       Name:
                                       Title:

                                    DEUTSCHE BANK, AG NEW YORK and/or
                                      CAYMAN ISLANDS BRANCHES

                                    By:
                                        ----------------------------------------
                                       Name:
                                       Title:

                                    By:
                                        ----------------------------------------
                                       Name:
                                       Title:

                                    STATE STREET BANK AND TRUST
                                      COMPANY

                                    By:
                                        ----------------------------------------
                                       Name:
                                       Title:

              Second Amended and Restated 364-Day Credit Agreement
              ----------------------------------------------------
<PAGE>   9
                                      -8-

                                    SUNTRUST BANK

                                    By:
                                        ----------------------------------------
                                       Name:
                                       Title:

                                    By:
                                        ----------------------------------------
                                       Name:
                                       Title:

                                    WACHOVIA BANK

                                    By:
                                        ----------------------------------------
                                       Name:
                                       Title:

                                    BARCLAYS BANK

                                    By:
                                        ----------------------------------------
                                       Name:
                                       Title:

                                    NORTHERN TRUST COMPANY

                                    By:
                                        ----------------------------------------
                                       Name:
                                       Title:

                                    U.S. BANK NATIONAL ASSOCIATION

                                    By:
                                        ----------------------------------------
                                       Name:
                                       Title:

              Second Amended and Restated 364-Day Credit Agreement
              ----------------------------------------------------
<PAGE>   10
                                      -9-

                                    BANK OF MONTREAL

                                    By:
                                        ----------------------------------------
                                       Name:
                                       Title:

                                    BANQUE NATIONALE DE PARIS

                                    By:
                                        ----------------------------------------
                                       Name:
                                       Title:

                                    By:
                                        ----------------------------------------
                                       Name:
                                       Title:

                                    DEN DANSKE BANK AKTIESELSKAB
                                      CAYMAN ISLANDS BRANCH

                                    By:
                                        ----------------------------------------
                                       Name:
                                       Title:

                                    By:
                                        ----------------------------------------
                                       Name:
                                       Title:

                                    PNC BANK NATIONAL ASSOCIATION

                                    By:
                                        ----------------------------------------
                                       Name:
                                       Title:

              Second Amended and Restated 364-Day Credit Agreement
              ----------------------------------------------------
<PAGE>   11
                                      -10-

                                    ROYAL BANK OF CANADA

                                    By:
                                        ----------------------------------------
                                       Name:
                                       Title:

                                    By:
                                        ----------------------------------------
                                       Name:
                                       Title:

                                    FIRSTAR BANK

                                    By:
                                        ----------------------------------------
                                       Name:
                                       Title:

              Second Amended and Restated 364-Day Credit Agreement
              ----------------------------------------------------
<PAGE>   12
                                                                   SCHEDULE 2.01

            METROPOLITAN LIFE INSURANCE COMPANY/METLIFE FUNDING, INC.

<TABLE>
<CAPTION>
            LENDER                                         COMMITMENT
            ------                                         ----------
<S>                                                        <C>
The Chase Manhattan Bank                                   67,500,000
Credit Suisse First Boston                                 67,500,000
The Bank of New York                                       67,500,000
Citibank, N.A.                                             67,500,000
Bank One, NA (formerly known as The First                  50,000,000
National Bank of Chicago)
First Union National Bank                                  50,000,000
Fleet National Bank                                        50,000,000
Mellon Bank, N.A.                                          50,000,000
Bank of America, N.A.                                      50,000,000
Deutsche Bank                                              50,000,000
Banco Santander                                            40,000,000
State Street Bank and Trust Company                        40,000,000
SunTrust Bank                                              40,000,000
Wachovia Bank                                              40,000,000
Barclays Bank                                              40,000,000
Northern Trust Company                                     40,000,000
Royal Bank of Canada                                       40,000,000
U.S. Bank National Association                             25,000,000
Bank of Montreal                                           25,000,000
Banque Nationale de Paris                                  25,000,000
Den Danske Bank                                            25,000,000
PNC Bank National Association                              25,000,000
Firstar Bank                                               25,000,000
TOTAL COMMITMENTS:                                     $1,000,000,000
</TABLE>

                                Schedule 2.01 to
              Second Amended and Restated 364-Day Credit Agreement
              ----------------------------------------------------
<PAGE>   13
                                                                   SCHEDULE 3.06

                                DISCLOSED MATTERS

                               [See Section 3.06]

                                Schedule 3.06 to
              Second Amended and Restated 364-Day Credit Agreement
              ----------------------------------------------------

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