SCHEDULE 14A
(RULE 14a-101)
INFORMATION REQUIRED IN PROXY STATEMENT
SCHEDULE 14A INFORMATION

PROXY STATEMENT PURSUANT TO SECTION 14(a) OF THE SECURITIES
EXCHANGE ACT OF 1934 (AMENDMENT NO. __)

Filed by Registrant (X)
Filed by a Party other than the Registrant ( )

Check the appropriate box:

[X] Preliminary Proxy Statement
[ ] Confidential, for use of the Commission only (as permitted by
Rule 14a-6(e)(2))
[ ] Definitive Proxy Statement
[ ] Definitive Additional Materials
[ ] Soliciting Material Pursuant to Rule 14a-12

METLIFE INVESTORS USA SEPARATE ACCOUNT A
(Name of Registrant as Specified in Its Charter)

(Name of Person(s) Filing Proxy Statement, if other than the Registrant)

Payment of filing fee (Check the appropriate box):

[X] No fee required.
[ ] Fee computed on table below per Exchange Act Rules 14a-6(i)(4)
and 0-11.

1) Title of each class of securities to which transaction applies:

2) Aggregate number of securities to which transaction applies:

3) Per unit price or other underlying value of transaction computed
pursuant to Exchange Act Rule 0-11 (Set forth the amount on
which the filing fee is calculated and state how it was determined):

4) Proposed maximum aggregate value of transaction:

5) Total fee paid:

[ ] Fee paid with preliminary materials.

[ ] Check box if any part of the fee is offset as provided by Exchange
Act Rule 0-11(a)(2) and identify the filing for which the
offsetting fee was paid previously. Identify the previous filing by
registration statement number, of the Form or Schedule and
the date of its filing.

1) Amount Previously Paid:

2) Form, Schedule or Registration Statement No.:

3) Filing Party:

4) Date Filed:

METLIFE INVESTORS USA INSURANCE COMPANY

IMPORTANT NEWS FOR CONTRACT OWNERS

QUESTIONS & ANSWERS

We encourage you to read the attached voting information statement in full;
however, the following questions and answers represent some typical concerns you
might have regarding this document.

Q: What is this document and why did we send it to you?

A: This voting information statement is being furnished to you in connection
with the solicitation of votes by MetLife Investors USA Insurance Company
("MetLife Investors USA") from owners of Capital Strategist and Foresight
variable annuity contracts issued by MetLife Investors USA ("Contracts").

MetLife Investors USA is proposing to substitute the PIMCO Total Return
Portfolio, a series of Met Investors Series Trust (referred to in this document
as "PIMCO Total Return" or the "Replacement Portfolio"), in place of the
Oppenheimer Strategic Bond Fund/VA, a current funding option under each Contract
(referred to as "Oppenheimer Strategic Bond" or the "Current Portfolio").

Your Contract requires that MetLife Investors USA obtain:

(a) approval of the substitution by the Securities and Exchange
Commission (Commission") and

(b) approval of Contract owners investing in the Current Portfolio to
allow the substitution of the account value invested in the
Current Portfolio into the Replacement Portfolio.

For each class of Contract, the vote required is an affirmative vote by
Contract owners representing a majority of outstanding accumulation units in the
subaccount investing in the Current Portfolio (the "Subaccount") in order to
carry out the proposed substitution for that Contract.

It is expected that Commission approval will be received on or about February
27, 2004.

Q: How will this proposed substitution benefit me?

A: The substitution is expected to provide significant benefits to you as a
Contract owner, including:

o Potential for Better Performance. MetLife Investors USA believes that
based on the historical long-term performance records of the
Replacement Portfolio's comparable retail fund and of the Current
Portfolio, over the long term the performance of the Replacement
Portfolio should (although no guarantee can be given) exceed that of
the Current Portfolio. See page 20.

o Cost Savings: The Replacement Portfolio's total annual operating
expenses are lower than those of the Current Portfolio, which in turn
could result in potential greater returns.

For the 2002 fiscal year, PIMCO Total Return's net annual expenses
were 0.65% compared to 0.78% for Oppenheimer Strategic Bond.

o Operating Efficiencies: Upon the substitution of the Replacement
Portfolio for the Current Portfolio, operating efficiencies may be
achieved by the Replacement Portfolio because it will have a greater
level of assets. Economies of scale could be achieved through the
spreading of certain costs over a larger base of shareholders,
including reduction in portfolio general expenses such as legal,
accounting, printing of prospectuses and trustees fees.

Additional benefits include:

o Lower management fee at the Portfolio level.

o Improved selection of portfolio managers. MetLife Investors USA
believes that the investment adviser to the Replacement Portfolio
is better positioned to potentially provide consistent
above-average performance than the investment adviser to the
Current Portfolio.

o Guaranteed cap on total separate account and Replacement
Portfolio expenses: As a condition of the substitution, total
combined annualized subaccount and Replacement Portfolio net
expenses may not exceed the sum of the 2002 fiscal year combined
net expenses for the Current Portfolio and Subaccount for two
years following the substitution.

o No increase in Contract fees and expenses for a period of two
years following the substitution, including mortality and
expenses risk fees and administration and distribution fees
charged to Separate Account A.

o No tax liability to Contract owners from the substitution.

Q: How will the substitution be carried out?

A: MetLife Investors USA will purchase shares of PIMCO Total Return to support
contract values or fund benefits payable under your Contract in place of
Oppenheimer Strategic Bond.

The proposed substitution will not be treated as a transfer of Contract
value or an exchange of annuity units for purposes of assessing transfer charges
or for determining the number of remaining permissible transfers (or exchanges)
in a Contract year. In addition, you may make one transfer of Contract value (or
annuity exchange) out of PIMCO Total Return within 30 days following the
proposed substitution without the transfer (or exchange) counting as a transfer
of Contract value (or an annuity unit exchange) for purposes of assessing
transfer charges or for determining the number of remaining permissible
transfers (or exchanges) in a Contract year.

Q: Why is MetLife Investors USA proposing this change?

A: The proposed substitution is part of an effort by Metropolitan Life
Insurance Company and its affiliates, including MetLife Investors USA, to
make their variable contracts more efficient to administer and oversee, and
therefore more attractive to their customers. MetLife Investors USA
believes that since the Replacement Portfolio's prospects for improved
performance and lower costs are better than for the Current Portfolio, the
proposed substitution is in your best interest.

Q: What effect will the substitution have on fees and expenses? Is there a
benefit to me?

A: Yes, the substitution will benefit you as a Contract owner. Both the gross
and the net expenses of the Replacement Portfolio will be LOWER than the
current gross and net expense ratios of the Current Portfolio. Lower
expenses have the potential for generating increased portfolio returns.

Q: Are there differences in the investment objectives of the Current Portfolio
and the Replacement Portfolio?

A: The Current Portfolio and the Replacement Portfolio have substantially
similar investment objectives. PIMCO Total Return seeks maximum total
return, consistent with the preservation of capital and prudent investment
management. Oppenheimer Strategic Bond seeks a high level of current income
principally derived from interest on debt securities.

Q: What happens if the substitution is not approved by Contract owners?

A: In the event that sufficient votes are not received to approve the proposed
substitution for the class of Contract that you hold, the account value you
have invested in the Current Portfolio will remain invested in the Current
Portfolio. However, effective May 1, 2004, the Oppenheimer Strategic Bond
investment option will no longer be available under the Contract for
allocation of additional purchase payments or transfers of Contract value.
You will be unable to increase your accumulation units invested in the
Current Portfolio after that date.

Q: Who will bear the cost of any expenses associated with carrying out the
proposed substitution?

A: MetLife Investors USA will pay all of the costs associated with the
proposed substitution. YOU WILL NOT BEAR ANY OF THESE COSTS.

Q: Whom do I call for more information or to place my vote?

A: You may call MetLife Investors USA at 1-800-284-4536, if you have any
questions or for more information.

You can vote in one of four ways:

1) Use the enclosed Voting Instruction Card to record your vote of
For, Against or Abstain, then return the card in the postpaid envelope
provided.
or

2) Call 1-866-235-4258 and record your vote by telephone. Please have
your Voting Instruction Card at hand when you call and enter the
14-digit control number found on the card, then follow the simple in
instructions.
or

3) Fax your completed and signed Voting Instruction Card (both front
and back sides) to our vote tabulator at 1-888-796-9932.
or

4) Visit our website at https://vote.proxy-direct.com and following
the instructions for voting via Internet.

Q: How does MetLife Investors USA Insurance Company recommend that I vote?

A: MetLife Investors USA recommends that you vote FOR the proposed
substitution.

Q: Will my vote make a difference?

A: Yes, your vote is very important. Your vote is needed to ensure that the
substitution can be carried out for the Current Portfolio. Your immediate
response on the enclosed Voting Instruction Card will help to save on the
costs of any further solicitations for Contract owner votes.

We urge you to vote FOR the proposed substitution. Please note that an
abstaining vote is in effect a "no" vote since an affirmative vote of more than
50% of account value in a Current Portfolio is required to approve the
substitution.

Q: What is the deadline for voting?

A: In order for your vote to count, we will need to receive your vote no later
than April 23, 2004.

Q: How do I sign the Voting Instruction Card?

A: Please see "Instructions for Signing Voting Instruction Cards" on the next
page.

INSTRUCTIONS FOR SIGNING VOTING INSTRUCTION CARDS

The following general rules for signing Voting Instruction Cards may be of
assistance to you.

1. Individual Accounts: Sign your name exactly as it appears in the
registration on the Voting Instruction Card form.

2. Joint Accounts: Either party may sign, but the name of the party
signing should conform exactly to the name shown in the registration
on the Voting Instruction Card.

3. All Other Accounts: The capacity of the individual signing the Voting
Instruction Card should be indicated unless it is reflected in the
form of registration. For example:

Registration Valid Signature

Corporate Accounts

(1) ABC Corp. . . . . . . . . . . . . . . . . . . . . . . . . . . ABC Corp.

(2) ABC Corp. . . . . . . . . . . . . . . . . . . . . . . . . . . John Doe, Treasurer

(3) ABC Corp.
c/o John Doe, Treasurer . . . . . . . . . . . . . . . . John Doe

(4) ABC Corp. Profit Sharing Plan . . . . . . . . . . John Doe, Trustee

Trust Accounts

(1) ABC Trust . . . . . . . . . . . . . . . . . . . . . . . . . . Jane B. Doe, Trustee

(2) Jane B. Doe, Trustee
u/t/d 12/28/78 . . . . . . . . . . . . . . . . . . . . . . . .Jane B. Doe

Custodial or Estate Accounts

(1) John B. Smith, Cust.
f/b/o John B. Smith, Jr. UGMA . . . . . . . . . . John B. Smith

(2) Estate of John B. Smith . . . . . . . . . . . . . . . . John B. Smith, Jr., Executor

METLIFE INVESTORS USA INSURANCE COMPANY
22 Corporate Plaza Drive
Newport Beach, California 92660

[Name]

IMMEDIATE ACTION REQUESTED

Dear Contract Owner:

You are the owner of a variable annuity contract (a "Contract") issued by
MetLife Investors USA Insurance Company ("MetLife Investors USA" or "we"). At
your previous direction, MetLife Investors USA through its Separate Account A
purchased shares of Oppenheimer Strategic Bond Fund/VA (the "Current Portfolio")
to support contract values or fund benefits payable under your Contract.

MetLife Investors USA seeks your approval to substitute Class A shares of
PIMCO Total Return Portfolio, a series of Met Investors Series Trust, for the
shares of the Current Portfolio held to fund your Contract or the benefits
payable under such Contract. The proposed substitution is part of an effort by
MetLife Investors USA to make its variable contracts more efficient to
administer and oversee, and therefore more attractive to its customers.

In proposing to substitute the PIMCO Total Return Portfolio, we believe
that this exchange will potentially result in better long-term performance, will
reduce expenses for current Contract owners, allow Separate Account A's assets
to be more efficiently managed and potentially lead to improved returns due to
economies of scale. Accordingly, such a substitution would be beneficial to you
and other Contract owners.

Separate Account A of MetLife Investors USA is the record owner of the
Current Portfolio. However, as a Contract owner, you are entitled to vote the
number of accumulation units you own in the subaccount of Separate Account A
that invests in the Current Portfolio.

MetLife Investors USA recommends that you vote FOR the proposed
substitution.

We realize that this voting information statement will take time to review,
but your vote is very important. We ask that you cast your vote in order that we
may effect the proposed substitution.

We have made every effort to make the voting process easy. You may cast
your vote by:

(1) filling out the enclosed Voting Instruction Card and returning
it to us;
(2) using our toll-free telephone voting facility (1-866-235-4258); or

(3) visiting our website https://vote.proxy-direct.com; or

(4) faxing your completed Voting Instruction Card to 1-888-796-9932.

Please read the enclosed voting information statement carefully for details
about the proposed substitution. In order for your vote to be given effect, we
must receive a properly executed Voting Instruction Card or a telephone, fax, or
website vote no later than April 23, 2004 at 4:00 p.m. Pacific Time.

Please complete, sign, and date the enclosed Voting Instruction Card and
promptly return it in the enclosed postage-paid envelope or complete the
telephone or facsimile voting or website voting process by following the
instructions available at each facility. If we do not receive your completed
Voting Instruction Card after a few weeks, you may be contacted by our vote
solicitor, Alamo Direct. The vote solicitor will remind you to vote. We
apologize in advance for this potential disruption of your affairs but this vote
is important to future benefits under your Contract.

Your vote and participation are very important, and we appreciate your
return of the form as soon as possible. You may call MetLife Investors USA at
1-800-284-4536, if you have any questions.

Thank you for your cooperation and for participating in this important
process.

Very truly yours,

Richard C. Pearson
Secretary
MetLife Investors USA Insurance Company

METLIFE INVESTORS USA SEPARATE ACCOUNT A
A Separate Account of MetLife Investors USA Insurance Company

22 Corporate Plaza Drive
Newport Beach, California 92660

VOTING INFORMATION STATEMENT

What is this document and why did we send it to you?

MetLife Investors USA Insurance Company ("MetLife Investors USA" or "we"),
on behalf of its MetLife Investors USA Separate Account A ("Separate Account
A"), is furnishing this Voting Information Statement to you in connection with
the solicitation of proxies from owners of Capital Strategist and Foresight
variable annuity contracts (the "Contracts") issued by MetLife Investors USA
having contract values allocated to the subaccount of Separate Account A (the
"Subaccount") investing in shares of Oppenheimer Strategic Bond Fund/VA, a
series of Oppenheimer Variable Account Funds ("Oppenheimer Strategic Bond" or
the "Current Portfolio") as of January 30, 2004 (the "Record Date").

This Voting Information Statement contains information that you should
consider before voting on the proposal before you relating to the substitution
of Class A shares of the PIMCO Total Return Portfolio, a series of Met Investors
Series Trust ("PIMCO Total Return" or the "Replacement Portfolio", and together
with the Current Portfolio, the "Portfolios"), for the Current Portfolio as an
investment option under your Contract. Please read it carefully.

This Voting Information Statement is being mailed to you and the other
Contract owners with Contract values allocated to the Subaccount as of the
Record Date on or about __________, 2004.

What is the proposal that I am being asked to consider?

MetLife Investors USA requests that you consider the following proposal:

"To approve the substitution of Class A shares of the PIMCO Total Return
Portfolio, a series of Met Investors Series Trust, for shares of Oppenheimer
Strategic Bond Fund/VA, a portfolio currently included as an investment option
under certain variable insurance contracts offered by MetLife Investors USA
Insurance Company."

Why is my vote being solicited?

As a Contract owner having accumulation units representing an investment of
Contract value in the Subaccount as of the close of business on the Record Date,
you are entitled to vote such accumulation units on the proposed substitution.

The Contracts and the prospectus for such Contracts condition MetLife
Investors USA's ability to carry out the proposed substitution for each Contract
on its obtaining, for each class of Contract, the approval of the Contract
owners representing the majority of the outstanding accumulation units in the
Subaccount as of the Record Date, as well as the approval of the Securities and
Exchange Commission (the "Commission"). It is anticipated that the Commission
will approve the substitution on or about February 27, 2004.

SUMMARY OF PROPOSED SUBSTITUTION

This section summarizes the primary features and consequences of the
substitution. It may not contain all of the information that is important to
you. To understand the substitution, you should read this entire Voting
Information Statement.

This summary is qualified in its entirety by reference to the additional
information contained elsewhere in this Voting Information Statement.

Why is MetLife Investors USA proposing the substitution?

MetLife Investors USA believes that the proposed substitution will
potentially result in better long-term performance, will reduce expenses for
current Contract owners, allow Separate Account A's assets to be more
efficiently managed and potentially could lead to improved returns due to
economies of scale.

The substitution is part of a restructuring designed to eliminate the
offering of overlapping funds with similar investment objectives and similar
investment strategies that serve as funding vehicles for insurance contracts
issued by Metropolitan Life Insurance Company ("MetLife") and its affiliates.
The proposed substitution is part of an effort by MetLife and its affiliates,
including MetLife Investors USA, to standardize investment options across
similar products thereby making its variable contracts more efficient to
administer and oversee, and therefore more attractive to its customers. MetLife
Investors USA believes that because the Replacement Portfolio's prospects for
improved long-term performance and lower costs are better than for the Current
Portfolio, the proposed substitution is in your best interests as a Contract
owner.

PIMCO Total Return's Class A commenced operations on May 1, 2001. As a
result it has only a limited performance history. MetLife Investors USA
considered the fact that the long-term performance of PIMCO Total Return's
comparable retail fund (which has over 10 years of performance history),
generally has been better than that of the Current Portfolio. Although
Oppenheimer Strategic Bond's performance for the one-year period ended December
31, 2003 exceeded that of PIMCO Total Return and its comparable retail fund, the
long-term historical performance of PIMCO Total Return's comparable retail fund
was comparable to that of the Current Portfolio for the three-year period ended
December 31, 2003 and exceeded that of the Current Portfolio for the five-year
and ten-year periods ended December 31, 2003. Please note that past performance
is not an indication of future results. In addition, the performance information
of the comparable retail find should not be relied upon as an indication of the
future performance of Replacement Portfolio because, among other things, the
asset sizes and expenses of the retail fund and the Replacement Fund will vary.

MetLife Investors USA also considered the fact that total expenses, both
gross and net, for the Replacement Portfolio are lower than those of the Current
Portfolio.

MetLife Investors USA also considered the future growth prospects of the
Replacement Portfolio. At the current time, various variable life insurance and
variable annuity contracts being actively marketed by MetLife and its affiliates
offer the Replacement Portfolio. Similarly, as part of the standardization
process, the Replacement Portfolio is also being substituted for various other
mutual funds invested in by subaccounts of other MetLife affiliates. This
should, along with the proposed substitution, further increase the Replacement
Portfolio's net assets, which are currently at approximately $1.2 billion as of
December 31, 2003. Economies of scale could be achieved through the spreading of
certain costs over a larger base of shareholders, including reduction in
portfolio general expenses such as legal, accounting, printing of prospectuses
and trustees fees.

In contrast, MetLife Investors USA believes that there is little likelihood
that significant additional assets, if any, will be allocated to the Current
Portfolio under the Contract. Because of the cost of maintaining this Portfolio
as an investment option under the Contracts, it is therefore in the interest of
Contract owners to substitute the Replacement Portfolio with its potential for
economies of scale. Further, in the event that the proposed substitution does
not occur (because either Contract owners or the Commission does not approve it
or for another reason), the Subaccount will no longer be available under that
Contract for allocation of purchase payments or transfers of Contract value as
of May 1, 2004. Therefore, you will be unable to increase your accumulation
units in the Subaccount investing in the Current Portfolio after that date.

Though not a principal reason for the proposed substitution, the
substitution would have the effect of transferring Contract values to an
investment portfolio managed by an affiliated person of MetLife Investors USA,
thereby increasing the management fees received by that affiliated person.

How will the substitution be accomplished?

The substitution will take place at relative net asset value with no change
in the amount of your Contract's value, cash value or death benefit or in the
dollar value of your investment in Separate Account A. The shares of the Current
Portfolio will be either redeemed for cash or for portfolio securities, which
will be used to purchase Class A shares of the Replacement Portfolio. MetLife
Investors USA will pay all of the costs associated with the substitution,
including the costs of solicitation such as the preparation and mailing of this
Voting Information Statement and the Voting Information Card, the solicitation
of votes, and legal and other expenses. YOU WILL NOT BEAR ANY OF THESE COSTS.

The substitution is expected to be completed on or about April 30, 2004.

How will the substitution affect me?

It is anticipated that the substitution will provide certain benefits to
you.

The most significant of these benefits are as follows:

o POTENTIAL FOR Better Performance: MetLife Investors USA believes that
based on the historical long-term performance records of the
Portfolios (in the case of the Replacement Portfolio, its comparable
retail fund), over the long term the performance of the Replacement
Portfolio should (although no guarantee can be given) exceed that of
the Current Portfolio.

o COST SAVINGS: The annual operating expenses of the Replacement
Portfolio are less than those of the Current Portfolio. For the 2002
fiscal year, PIMCO Total Return's net expenses for its Class A shares
were 0.65% compared to 0.78% for Oppenheimer Strategic Bond's shares.

o OPERATING EFFICIENCIES: Upon the substitution of the Replacement
Portfolio for the Current Portfolio, operating efficiencies may be
achieved by the Replacement Portfolio because it will have a greater
level of assets. As of December 31, 2003, the Replacement Portfolio's
total net assets were approximately $1.2 billion.

Economies of scale may be achieved through the spreading of certain
costs over a larger base of shareholders, including reduction in
portfolio general expenses such as legal, accounting, printing of
prospectuses and trustees fees.

Other benefits resulting from the substitution include:

o Lower management fee at the Portfolio level.

o You will not incur any fees or charges as a result of the
substitution.

o You will have no tax liability resulting from the substitution.

o The substitution will result in an improved selection of portfolio
managers. MetLife Investors USA believes that the investment adviser
to the Replacement Portfolio is better positioned to potentially
provide consistent above-average performance than the investment
adviser to the Current Portfolio.

o As a condition of the substitution, combined annualized net expenses
of Separate Account A (or the subaccount) and the Replacement
Portfolio may not exceed the total combined 2002 fiscal year net
expenses for the Current Portfolio and the Separate Account A (or the
Subaccount) for two years following the substitution.

o No increase in Contract fees and expenses for a period of two years
following the substitution, including mortality and expenses risk fees
and administration and distribution fees charged to Separate Account
A.

The substitution will not cause your Contract rights or MetLife Investors
USA's responsibilities under the Contracts to be altered in any way. The value
of your Contract, the amount of your death benefit and the dollar value of your
investments in any of the subaccounts of Separate Account A will remain the same
immediately following the substitution. Your Contract values will remain
allocated to Separate Account A, which will invest in the Replacement Portfolio
after the substitution. After the substitution your Contract values will depend
on the performance of the Replacement Portfolio rather than that of the Current
Portfolio.

Like the Current Portfolio, the Replacement Portfolio will declare and pay
dividends from net investment income and will distribute net realized capital
gains, if any, to Separate Account A (not to you) once a year. These dividends
and distributions will continue to be reinvested by MetLife Investors USA in
additional Class A shares of the Replacement Portfolio.

What will be the primary federal tax consequences of the substitution?

We believe that you will not be subjected to any federal tax liabilities as
a result of the substitution.

SUMMARY OF PORTFOLIO INFORMATION

The following discussion is primarily a summary of certain parts of the
prospectuses for the Current Portfolio and the Replacement Portfolio. As a
Contract owner invested in the Current Portfolio, you should already have a
current prospectus for the Current Portfolio. You may request the current
prospectus for the Replacement Portfolio, free of charge, by calling MetLife
Investors USA at 1-800-284-4536, or by writing to MetLife Investors USA at 22
Corporate Plaza Drive, Newport Beach, California 92660. Information contained in
this Voting Information Statement is qualified by more complete information set
forth in such prospectuses, which are incorporated by reference herein.

How do the Portfolios' investment objectives, principal investment strategies
and risks compare?

The investment objective of the Replacement Portfolio is substantially
similar to that of the Current Portfolio, and the investment strategies and
risks of each Portfolio are similar.

The investment objective of PIMCO Total Return is non-fundamental, which
means that it may be changed by vote of its Board of Trustees without
shareholder approval. The investment objective of Oppenheimer Strategic Bond is
a fundamental objective and may only be changed with the approval of
shareholders.

The following tables summarize a comparison of the Replacement Portfolio to
the Current Portfolio with respect to their investment objectives and principal
investment strategies, as set forth in each Portfolio's prospectus and statement
of additional information.

----------------------------- --------------------------------------------------------------------------
PIMCO Total Return (the Replacement Portfolio)
----------------------------- --------------------------------------------------------------------------
----------------------------- --------------------------------------------------------------------------

Investment Objective The Portfolio seeks maximum total return, consistent with the
preservation of capital and prudent investment management.
----------------------------- --------------------------------------------------------------------------
----------------------------- --------------------------------------------------------------------------
Principal Investment The Portfolio normally invests at least 65% of its assets in a
Strategies diversified portfolio of fixed income instruments of varying
maturities. The average portfolio duration normally varies within a
three- to six-year time frame based on the investment adviser's forecast
for interest rates.

The Portfolio invests primarily in investment grade debt obligations,
U.S. government securities and commercial paper and other short-term
obligations.

Up to 20% of the Portfolio's net assets may be invested in securities
denominated in foreign currencies and the Portfolio may invest beyond
that limit in U.S. dollar- denominated securities of foreign issuers.
The Portfolio will normally hedge at least 75% of its exposure to
foreign currency to reduce the risk of loss due to fluctuations in
currency exchange rates.

The Portfolio may invest all of its assets in derivative instruments,
such as options, futures contracts or swap agreements, or in mortgage-
or asset-backed securities. In addition, the Portfolio may engage in
forward commitments, when-issued and delayed delivery securities
transactions. The Portfolio may, without limitation, seek to obtain
market exposure to the securities in which it primarily invests by
entering into a series of purchase and sale contracts or by using other
investment techniques (such as buy backs or dollar rolls).

The "total return" sought by the Portfolio consists of income earned on
the Portfolio's investments, plus capital appreciation, if any, which
generally arises from decreases in interest rates or improving credit
fundamentals for a particular sector or security.
----------------------------- --------------------------------------------------------------------------

----------------------------- --------------------------------------------------------------------------
Oppenheimer Strategic Bond
----------------------------- --------------------------------------------------------------------------
----------------------------- --------------------------------------------------------------------------
Investment Objective Seeks a high level of current income principally derived from interest
on debt securities.
----------------------------- --------------------------------------------------------------------------
----------------------------- --------------------------------------------------------------------------
Principal Investment Invests at least 80% of its net assets in debt securities. The Portfolio
Strategies invests mainly in a diversified portfolio of debt securities of issuers
in three market sectors: foreign governments and companies (including
emerging market issuers); U.S. government securities; and lower-grade,
high yield securities of U.S. and foreign companies.

The debt securities in which the Portfolio invests may include
collateralized mortgage obligations, other mortgage-related securities
and asset-backed securities. The Portfolio may invest in securities of
any maturity and may invest without limit in junk bonds.

The Portfolio can also use hedging instruments and certain derivative
instruments, primarily collateralized mortgage obligations and
structured notes, to try to enhance income or to try to manage risks.
The Portfolio may enter into credit default swaps directly and
indirectly within a structured note.
----------------------------- --------------------------------------------------------------------------

The principal risks of investing in the Replacement Portfolio are similar
to those of investing in the Current Portfolio. They include:

o Market Risk-- a Portfolio's share price can fall because of weakness
in the broad market, a particular industry, or specific holdings

o Interest Rate Risk-- the value of investments in debt securities may
decline when prevailing interest rates rise or increase when interest
rates go down; due to the increasing difficulty of predicting changes
in interest rates over longer periods of time, fixed income securities
with longer maturities are more volatile than those with shorter
maturities

o Credit Risk-- the value of investments in debt securities may be
adversely affected if an issuer fails to pay principal and interest on
an obligation on a timely basis

o Foreign Investment Risk-- investments in foreign securities involve
risks relating to political, social and economic developments abroad,
as well as risks resulting from differences between the regulations to
which U.S. and foreign issuers and markets are subject

o Mortgage-Related Securities Risk-- changes in interest rates generally
affect the value of a mortgage-backed security and some
mortgage-backed securities may be structured so that they may be
particularly sensitive to interest rates; investments in
mortgage-related securities are also subject to special risks
resulting when the issuer of a security can prepay the principal prior
to the security's maturity (prepayment risk)

o Non-Mortgage Asset-Backed Securities Risk-- securities not issued or
guaranteed by the U.S. Government or its agencies or
government-sponsored entities, therefore, in the event of a failure of
these securities to pay interest or repay principal, the assets
backing these securities may be insufficient to support the payments
on the securities

o Derivative Risk-- investments in derivatives can significantly
increase each Portfolio's exposure to market risk or credit risk of
the counterparty; derivatives also involve the risk of mispricing or
improper valuation and the risk that changes in the value of the
derivative may not correlate perfectly with the relevant assets, rates
and indices

Oppenheimer Strategic Bond's foreign investments can include debt
securities of issuers in emerging markets. All of the risks of investing in
foreign securities are heightened by investing in emerging markets countries.
PIMCO Total Return does not generally invest in the securities of issuers in
emerging markets.

Oppenheimer Strategic Bond is also subject to high yield debt security risk
due to its investments in lower-grade, high yield securities of U.S. and foreign
companies. Lower-rated debt securities (junk bonds) are less secure financially
and more sensitive to downturns in the economy and are more subject to credit
risk and market risk than higher rated securities. In addition, the secondary
market for such securities may not be as liquid as that for more highly rated
debt securities. As a result, the Portfolio's investment adviser may find it
more difficult to sell these securities or may have to sell them at lower
prices. PIMCO Total Return does not generally invest in high yield debt
securities.

The Current Portfolio and the Replacement Portfolio may invest some or all
of their assets in money market instruments or utilize other investment
strategies as a temporary defensive measure during, or in anticipation of,
adverse market conditions. This strategy, which would be employed only in
seeking to avoid losses, is inconsistent with the Portfolios' principal
investment objectives and strategies, and could result in lower returns and loss
of market opportunities. For a detailed discussion of the Portfolios' risks, see
the section entitled "Risks of the Portfolios" below.

The Portfolios have other investment policies, practices and restrictions
which, together with their related risks, are also set forth in each Portfolio's
prospectus and statement of additional information.

How do the Portfolios' fees and expenses compare?

PIMCO Total Return has both a lower gross and a lower net expense ratio
than Oppenheimer Strategic Bond, including a lower management fee.

You will not incur any fees or charges as a result of the substitution.

The following tables allow you to compare the various fees and expenses
that you would pay as a result of Separate Account A buying and holding shares
of each of the Portfolios.

The amounts for the shares of the Portfolios set forth in the following
tables and in the examples are based on the expenses for the Portfolios for the
fiscal year ended December 31, 2002 as adjusted to reflect 2002 expense waivers
(in the case of the Current Portfolio) and are expressed as a percentage of each
Portfolio's average daily net assets.

The shares of the Current Portfolio and of the Class A shares of the
Replacement Portfolio are not charged any initial or deferred sales charge, or
any other transaction fees. Neither the Replacement Portfolio's Class A shares
nor the Current Portfolio's shares are subject to Rule 12b-1 fees.

THESE TABLES DO NOT REFLECT THE CHARGES AND FEES ASSESSED BY METLIFE INVESTORS
USA UNDER YOUR CONTRACT.

Fees and Expenses (as a percentage of average daily net assets)

----------------------------------------------- -------------------- ------------------
Oppenheimer PIMCO Total
Strategic Bond Return

(shares) (Class A shares)
----------------------------------------------- -------------------- ------------------
----------------------------------------------- -------------------- ------------------

Management Fees 0.74% 0.50%
----------------------------------------------- -------------------- ------------------
----------------------------------------------- -------------------- ------------------
Other Expenses 0.05% 0.15%
----------------------------------------------- -------------------- ------------------
----------------------------------------------- -------------------- ------------------
Total Annual Portfolio Operating Expenses 0.79% 0.65%
Before Expense Waiver / Reimbursement
----------------------------------------------- -------------------- ------------------
----------------------------------------------- -------------------- ------------------
Expense Waiver / Reimbursement 0.01%(1) ---
----------------------------------------------- -------------------- ------------------
----------------------------------------------- -------------------- ------------------
Total Net Annual Portfolio Operating Expenses 0.78% 0.65%
After Expense Waiver / Reimbursement
----------------------------------------------- -------------------- ------------------
(1) Reflects a management fee limitation, which is no longer in effect.

The tables below show examples of the total expenses you would pay on a
$10,000 investment over one-, three-, five- and ten-year periods. The examples
are intended to help you compare the cost of investing in the Current Portfolio
versus the Replacement Portfolio. The examples assume a 5% average annual
return, that you redeem all of your shares at the end of each time period and
that you reinvest all of your dividends. The following tables also assume that
total annual operating expenses remain the same. The examples are for
illustration only, and your actual costs may be higher or lower.

THE EXAMPLES DO NOT REFLECT THE FEES, EXPENSES OR WITHDRAWAL CHARGES
IMPOSED BY YOUR CONTRACT. IF THOSE FEES AND EXPENSES HAD BEEN INCLUDED, YOUR
COSTS WOULD BE HIGHER.

Examples of Portfolio Expenses

----------------- ---------------------------------------------------------------------------------
PIMCO Total Return
One Year Three Years Five Years Ten Years

Class A $67 $209 $363 $812
shares
Oppenheimer Strategic Bond
One Year Three Years Five Years Ten Years
shares $81 $252 $439 $978
----------------- -------------------- ------------------- -------------------- -------------------

How do the Portfolios' performance records compare?

Although Oppenheimer Strategic Bond's performance for the one-year period
ended December 31, 2003 exceeded that of PIMCO Total Return and its comparable
retail fund, the long-term historical performance of PIMCO Total Return's
comparable retail fund was comparable to that of the Current Portfolio for the
three-year period ended December 31, 2003 and exceeded that of the Current
Portfolio for the five-year and ten-year periods ended December 31, 2003. Please
note that past performance is not an indication of future results. In addition,
the performance information of the comparable retail find should not be relied
upon as an indication of the future performance of Replacement Portfolio
because, among other things, the asset sizes and expenses of the retail fund and
the Replacement Fund will vary.

The following table shows how the Class A shares of the Replacement
Portfolio and the shares of the Current Portfolio have performed in the past.
Past performance is not an indication of future results.

PERFORMANCE DOES NOT REFLECT THE FEES, EXPENSES OR WITHDRAWAL CHARGES
IMPOSED BY YOUR CONTRACT. IF THOSE FEES AND EXPENSES HAD BEEN INCLUDED,
PERFORMANCE WOULD BE LOWER.

The table lists the average annual total return of the Class A shares of
PIMCO Total Return for the past one year and since inception through December
31, 2003 and the shares of Oppenheimer Strategic Bond for the past one, three,
five and ten years. This table includes the effects of portfolio expenses and is
intended to provide you with some indication of the risks of investing in each
Portfolio by comparing its performance with the Lehman Brothers Aggregate Bond
Index, a widely recognized unmanaged index which is a broad measure of the
taxable bonds in the U.S. market, with maturities of at least one year. An index
does not reflect fees or expenses. It is not possible to invest directly in an
index.

Average Annual Total Return (for the period ended 12/31/2003)

----------------------- ------------- ------------- ------------- -------------- --------------- -------------
1 Year 3 Years 5 Years 10 Years From Inception
Ended Ended Ended Ended Inception to Date
- ----
12/31/03 12/31/03 12/31/03 12/31/03 12/31/03
-------- -------- -------- -------- --------
----------------------- ------------- ------------- ------------- -------------- --------------- -------------
----------------------- ------------- ------------- ------------- -------------- --------------- -------------

PIMCO Total Return-- 4.53% n/a* n/a* n/a* 7.79% 05/01/01
Class A shares
----------------------- ------------- ------------- ------------- -------------- --------------- -------------
----------------------- ------------- ------------- ------------- -------------- --------------- -------------
Lehman Brothers 4.11% --- --- --- 7.52%(1)
Aggregate Bond Index
----------------------- ------------- ------------- ------------- -------------- --------------- -------------
----------------------- ------------- ------------- ------------- -------------- --------------- -------------

----------------------- ------------- ------------- ------------- -------------- --------------- -------------
----------------------- ------------- ------------- ------------- -------------- --------------- -------------
Oppenheimer Strategic 18.07% 9.97% 7.02% 6.92% --- 05/03/93
Bond--shares
----------------------- ------------- ------------- ------------- -------------- --------------- -------------
----------------------- ------------- ------------- ------------- -------------- --------------- -------------
Lehman Brothers 4.11% 7.57% 6.62% 6.95% ---
Aggregate Bond Index
----------------------- ------------- ------------- ------------- -------------- --------------- -------------

(1) Date of Index performance is from 05/01/01.

* PIMCO Total Return and the PIMCO Total Return Fund (a retail mutual
fund), which is also advised by PIMCO Total Return's investment adviser, have
substantially similar investment objectives, policies, and strategies. Since
Class A of PIMCO Total Return commenced operations in May 2001, it does not have
a significant operating history. The average annual return for the PIMCO retail
fund's Institutional shares for the three-, five- and ten-year periods through
December 31, 2003 was 8.40%, 7.32% and 7.61%, respectively.

Management fees paid by the PIMCO Total Return Fund are less than the fees
paid by the Replacement Portfolio. If the same level of management fees charged
to the Replacement Portfolio had been charged to the PIMCO Total Return Fund,
the average annual return during the periods would have been lower than the
numbers set forth in the previous paragraph. This result assumes that the
current management fee paid by the PIMCO Total Return Fund, as a percentage of
average net assets, applied to all prior periods. The calculations of total
return assume the reinvestment of all dividends and capital gain distributions
and the deduction of all recurring expenses that were charged to shareholder
accounts. These figures do not include the effect of Contract charges. If these
Contract charges had been included, performance would have been lower. Such
performance information should not be relied upon as an indication of the future
performance of the Replacement Portfolio because, among other things, the asset
sizes and expenses of PIMCO Total Return Fund and the Replacement Portfolio will
vary.

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

For a detailed discussion of the manner of calculating total return, please
see each Portfolio's statement of additional information. Generally, the
calculations of total return assume the reinvestment of all dividends and
capital gain distributions on the reinvestment date and the deduction of all
recurring expenses that were charged to shareholders' accounts.

Will I be able to purchase and redeem shares, change my investment options,
annuitize and receive distributions the same way?

The substitution will not affect your right to purchase and redeem shares,
to change among MetLife Investors USA's subaccount options, to annuitize, and to
receive distributions as permitted by your Contract. After the substitution, you
will be able under your current Contract to purchase additional Class A shares
of the Replacement Portfolio.

MetLife Investors USA will not exercise any right it may have under the
Contracts to impose restrictions or additional restrictions on, or charges for,
Contract value transfers or annuity unit exchanges made under the Contracts for
a period of at least 30 days following the proposed substitution (other than
with respect to market timing activity).

In addition, you will:

o before the proposed substitution occurs, be permitted to make a
transfer of Contract value (or annuity unit exchange) from the
Subaccount to any other subaccount without charge and without that
transfer (or exchange) counting towards the number permitted or the
number permitted without charge under your Contract; and

o during the 30 days after the proposed substitution, be permitted to
make a transfer of Contract value (or annuity unit exchange) from the
subaccount investing in the Replacement Portfolio to any other
subaccount without charge and without that transfer (or exchange)
counting towards the number permitted or the number permitted without
charge under your Contract.

Effective May 1, 2004, the Subaccount investing in Oppenheimer Strategic
Bond will no longer be available under the Contracts for allocation of
additional purchase payments or transfers of Contract value regardless of
whether or not the substitution is approved.

Who will be the Adviser and Portfolio Manager of my Portfolio after the
substitution? What will the management and advisory fees be after the
substitution?

The types of investment advisory and administrative services provided to
the Replacement Portfolio are comparable to the types of investment advisory and
administrative services provided to the Current Portfolio.

Management of the Portfolios

The overall management of the Replacement Portfolio is the responsibility
of, and is supervised by, the Board of Trustees of Met Investors Series Trust.

Manager

Met Investors Advisory LLC (the "Manager") is the investment manager for
the Replacement Portfolio. The Manager selects and pays the fees of Pacific
Investment Management Company LLC (PIMCO Total Return's investment adviser) and
monitors its investment program.

Facts about the Manager:

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

The Manager is an affiliate of MetLife.

The Manager manages a family of investment portfolios sold to separate
accounts of MetLife and its affiliates to fund variable life insurance
contracts and variable annuity certificates and contracts, with assets
of approximately $___ billion as of December 31, 2003.

The Manager is located at 22 Corporate Plaza Drive, Newport Beach,
California 92660.
----------------------------------------------------------------------

The Manager and Met Investors Series Trust have received an exemptive order
from the Commission that permits the Manager, subject to certain conditions, and
without the approval of shareholders to: (a) employ a new unaffiliated
investment adviser for a portfolio of Met Investors Series Trust (including the
Replacement Portfolio) pursuant to the terms of a new investment advisory
agreement, in each case either as a replacement for an existing investment
adviser or as an additional investment adviser; (b) change the terms of any
investment advisory agreement; and (c) continue the employment of an existing
investment adviser on the same advisory contract terms where a contract has been
assigned because of a change in control of the investment adviser. In such
circumstances, Contract owners would receive notice of such action, including
the information concerning the new investment adviser that normally is provided
in a proxy statement.

The substitution will permit the Manager, under this exemptive order, to
hire, monitor and replace sub-advisers as necessary to seek optimal performance
and to ensure a consistent investment style.

Adviser

Pacific Investment Management Company LLC (the "Adviser") is the investment
adviser to PIMCO Total Return. Pursuant to an Advisory Agreement with the
Manager, the Adviser continuously furnishes an investment program for PIMCO
Total Return, makes day-to-day investment decisions on behalf of the Portfolio,
and arranges for the execution of Portfolio transactions.

Facts about the Adviser:

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

The Adviser had assets under management of approximately $___ billion
as of December 31, 2003.

The Adviser is a majority-owned subsidiary of Allianz Dresdner Asset
Management of America LP.

The Adviser is located at 840 Newport Center Drive, Suite 300, Newport
Beach, California 92660.
----------------------------------------------------------------------

Portfolio Management

A portfolio management team, led by William H. Gross, a Managing Director,
the Chief Investment Officer and a founding partner of the Adviser, manages the
Replacement Portfolio.

Management Fees

For its management and supervision of the daily business affairs of the
Replacement Portfolio, the Manager is entitled to receive a monthly fee at the
annual rate of 0.50% of the Portfolio's average daily net assets.

Advisory Fees

Under the terms of the Advisory Agreement, the Adviser is paid by the
Manager for providing advisory services to the Replacement Portfolio. The
Portfolio does not pay a fee to the Adviser.

THE PROPOSED SUBSTITUTION

How will the substitution be carried out?

MetLife Investors USA and Separate Account A have submitted an application
to the Commission requesting approval of the proposed substitution of Class A
shares of PIMCO Total Return for shares of Oppenheimer Strategic Bond. If
completed, the proposed substitution will result in MetLife Investors USA's
redemption, in cash or "in-kind", of shares of the Current Portfolio. MetLife
Investors USA will then use the proceeds (either cash or portfolio securities)
of such redemption to purchase shares of the Replacement Portfolio. We
anticipate that the Commission will approve the substitution on or about
February 27, 2004.

If approved, the proposed substitution will take place at relative net
asset value with no change in the amount of your Contract value or death benefit
or in the dollar value of your investment in the Subaccount that is presently
invested in the Current Portfolio. You will not incur any fees or charges as a
result of the proposed substitution and your rights and MetLife Investors USA's
obligations under your Contract will not be altered in any way. All applicable
expenses incurred in connection with the proposed substitution will be paid by
MetLife Investors USA. In addition, the proposed substitution will not subject
you to any federal income tax liability.

The fees and charges that you pay under your Contract will not increase as
a result of the proposed substitution. To the extent that the annualized
expenses of the Replacement Portfolio during the twenty-four months following
the substitution exceeds, for each fiscal period, the 2002 net expense level of
the Current Portfolio, MetLife Investors USA will reduce Separate Account A (or
subaccount) expenses under the Contract. Therefore, for two years following the
proposed substitution, combined net expenses for the Replacement Portfolio and
Separate Account A (or the subaccount invested in the Portfolio) will be no
greater than the sum of the net expenses of the Current Portfolio and of
Separate Account A (or the Subaccount) for the 2002 fiscal year. Nonetheless,
after two years following the proposed substitution, the net expense levels for
the Replacement Portfolio could be but are not anticipated to be higher than the
2002 net expense level for the Current Portfolio, but would not be offset by a
reduction in subaccount expenses. In such an event, you may bear greater
expenses than you would had the proposed substitution not occurred.

You are entitled to approve or disapprove the proposed substitution. The
proposed substitution will not take place for a class of Contract without the
approval of Contract owners representing a majority of the accumulation units of
the Subaccount for that class of Contract as of the Record Date.

MetLife Investors USA intends to effect the proposed substitution on or
about April 30, 2004, following the issuance of an order of approval by the
Commission, the approval of the proposed substitution by Contract owners, and
any approval required by state insurance regulators.

RISKS OF THE PORTFOLIOS

Are the risk factors for the Portfolios similar?

Yes. The risk factors are similar due to the similar investment objectives
and investment policies of the Current Portfolio and the Replacement Portfolio.
The risks of the Replacement Portfolio are described in greater detail in the
Portfolio's Prospectus.

What are the primary risks of investing in each Portfolio?

An investment in each Portfolio is subject to certain risks. There is no
assurance that investment performance of either Portfolio will be positive or
that the Portfolios will meet their investment objectives. The following tables
and discussions highlight the primary risks associated with investment in each
of the Portfolios.

- ------------------------------------------------ ---------------------------------------------------------------------
Each of the Portfolios is subject to Market Risk.

PIMCO Total Return Normally invests at least 65% of its assets in a diversified
portfolio of fixed income instruments of varying maturities.
- ------------------------------------------------ ---------------------------------------------------------------------
- ------------------------------------------------ ---------------------------------------------------------------------
Oppenheimer Strategic Bond Invests mainly in a diversified portfolio of debt securities of
issuers in three market sectors: foreign governments and companies
(including emerging market issuers); U.S. government securities;
and lower-grade, high yield securities of U.S. and foreign
companies.

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

A Portfolio's share price can fall because of weakness in the broad market,
a particular industry, or specific holdings. The market as a whole can decline
for many reasons, including disappointing corporate earnings, adverse political
or economic developments here or abroad, changes in investor psychology, or
heavy institutional selling. The prospects for an industry or a company may
deteriorate. In addition, an assessment by a Portfolio's investment adviser of
particular companies may prove incorrect, resulting in losses or poor
performance by those holdings, even in a rising market. A Portfolio could also
miss attractive investment opportunities if its investment adviser underweights
fixed income markets or industries where there are significant returns, and
could lose value if the investment adviser overweights fixed income markets or
industries where there are significant declines.

- ---------------------------------------- ------------------------------------------------------------------------
Each of the Portfolios is subject to Interest Rate Risk.

PIMCO Total Return Normally invests at least 65% of its assets in a diversified portfolio
of fixed income instruments of varying maturities. The average
portfolio duration normally varies within a three- to six-year time
frame based on the investment adviser's forecast for interest rates.
- ---------------------------------------- ------------------------------------------------------------------------
- ---------------------------------------- ------------------------------------------------------------------------
Oppenheimer Strategic Bond Invests at least 80% of its net assets in debt securities. The
Portfolio may invest in securities of any maturity.
- ---------------------------------------- ------------------------------------------------------------------------

The values of debt securities are subject to change when prevailing
interest rates change. When interest rates go up, the value of debt securities
and certain dividend paying stocks tends to fall. Since each Portfolio invests a
significant portion of its assets in debt securities and interest rates rise,
then the value of your investment in a Portfolio may decline. Alternatively,
when interest rates go down, the value of debt securities and certain dividend
paying stocks may rise.

Interest rate risk will affect the price of a fixed income security more if
the security has a longer maturity because changes in interest rates are
increasingly difficult to predict over longer periods of time. Fixed income
securities with longer maturities will therefore be more volatile than other
fixed income securities with shorter maturities. Conversely, fixed income
securities with shorter maturities will be less volatile but generally provide
lower returns than fixed income securities with longer maturities. The average
maturity and duration of a Portfolio's fixed income investments will affect the
volatility of the Portfolio's share price.

- ---------------------------------------- ------------------------------------------------------------------------
Each of the following Portfolios is subject to Credit Risk.

PIMCO Total Return Normally invests at least 65% of its assets in a diversified portfolio
of fixed income instruments of varying maturities. The Portfolio
invests primarily in investment grade debt obligations, U.S.
government securities and commercial paper and other short-term
obligations.

- ---------------------------------------- ------------------------------------------------------------------------
- ---------------------------------------- ------------------------------------------------------------------------
Oppenheimer Strategic Bond Invests at least 80% of its net assets in debt securities. The
Portfolio invests mainly in a diversified portfolio of debt securities
of issuers in three market sectors: foreign governments and companies
(including emerging market issuers); U.S. government securities; and
lower-grade, high yield securities of U.S. and foreign companies.
- ---------------------------------------- ------------------------------------------------------------------------

The value of debt securities is directly affected by an issuer's ability to
pay principal and interest on time. Since each Portfolio invests in debt
securities, the value of your investment may be adversely affected when an
issuer fails to pay an obligation on a timely basis. A Portfolio may also be
subject to credit risk to the extent it engages in transactions, such as
securities loans, repurchase agreements or certain derivatives, which involve a
promise by a third party to honor an obligation to the Portfolio. Such third
party may be unwilling or unable to honor its financial obligations.

- ---------------------------------------- ------------------------------------------------------------------------
Each of the Portfolios is subject to Foreign Investment Risk.

PIMCO Total Return Up to 20% of the Portfolio's net assets may be invested in securities
denominated in foreign currencies and the Portfolio may invest beyond
that limit in U.S. dollar- denominated securities of foreign issuers.
- ---------------------------------------- ------------------------------------------------------------------------
- ---------------------------------------- ------------------------------------------------------------------------
Oppenheimer Strategic Bond Invests mainly in a diversified portfolio of debt securities of
issuers in three market sectors: foreign governments and companies
(including emerging market issuers); U.S. government securities; and
lower-grade, high yield securities of U.S. and foreign companies.
- ---------------------------------------- ------------------------------------------------------------------------

Investments in foreign securities involve risks relating to political,
social and economic developments abroad, as well as risks resulting from the
differences between the regulations to which U.S. and foreign issuers and
markets are subject. These risks may include the seizure by the government of
company assets, excessive taxation, withholding taxes on dividends and interest,
limitations on the use or transfer of portfolio assets, and political or social
instability. Enforcing legal rights may be difficult, costly and slow in foreign
countries, and there may be special problems enforcing claims against foreign
governments. Foreign companies may not be subject to accounting standards or
governmental supervision comparable to U.S. companies, and there may be less
public information about their operations. Foreign markets may be less liquid
and more volatile than U.S. markets. Foreign securities often trade in
currencies other than the U.S. dollar, and a Portfolio may directly hold foreign
currencies and purchase and sell foreign currencies. Changes in currency
exchange rates will affect a Portfolio's net asset value, the value of dividends
and interest earned, and gains and losses realized on the sale of foreign
securities. An increase in the strength of the U.S. dollar relative to these
other currencies may cause the value of a Portfolio to decline. Certain foreign
currencies may be particularly volatile, and foreign governments may intervene
in the currency markets, causing a decline in value or liquidity of a
Portfolio's foreign currency or securities holdings. Costs of buying, selling
and holding foreign securities, including brokerage, tax and custody costs, may
be higher than those involved in domestic transactions.

In addition, Oppenheimer Strategic Bond invests in securities of issuers in
emerging markets. Investments in emerging markets include all of the risks of
investments in foreign securities and are subject to severe price declines. The
economic and political structures of developing nations, in most cases, do not
compare favorably with the U.S. or other developed countries in terms of wealth
and stability, and their financial markets often lack liquidity. Such countries
may have relatively unstable governments, immature economic structures, national
policies restricting investments by foreigners and economics based on only a few
industries. For these reasons, all of the risks of investing in foreign
securities are heightened by investing in emerging markets countries. The
markets of developing countries have been more volatile than the markets of
developed countries with more mature economies. These markets often have
provided significantly higher or lower rates of return than developed markets,
and significantly greater risks, to investors. PIMCO Total Return generally does
not invest in the securities of issuers in emerging markets.

- ---------------------------------------- ------------------------------------------------------------------------
Each of the Portfolios is subject to Mortgage-Related Securities Risk.

PIMCO Total Return May invest all of its assets in mortgage-backed securities.

- ---------------------------------------- ------------------------------------------------------------------------
- ---------------------------------------- ------------------------------------------------------------------------
Oppenheimer Strategic Bond Debt securities the Portfolio invests in include collateralized
mortgage obligations, as well as other mortgage-related securities.
- ---------------------------------------- ------------------------------------------------------------------------

Mortgage-related securities may be issued or guaranteed by the U.S.
Government, its agencies or instrumentalities or may be issued by private
issuers and as such are not guaranteed by the U.S. Government, its agencies or
instrumentalities. Like other debt securities, changes in interest rates
generally affect the value of a mortgage-backed security. Additionally, some
mortgage-backed securities may be structured so that they may be particularly
sensitive to interest rates.

Investments in mortgage-related securities are also subject to special
risks of prepayment. Prepayment risk occurs when the issuer of a security can
prepay the principal prior to the security's maturity. Securities subject to
prepayment risk, including the collateralized mortgage obligations and other
mortgage-related securities that a Portfolio can buy, generally offer less
potential for gains when prevailing interest rates decline, and have greater
potential for loss when interest rates rise depending upon the coupon of the
underlying securities. The impact of prepayments on the price of a security may
be difficult to predict and may increase the volatility of the price. In
addition, early repayment of mortgages underlying these securities may expose a
Portfolio to a lower rate of return when it reinvests the principal. Further, a
Portfolio may buy mortgage-related securities at a premium. Accelerated
prepayments on those securities could cause the Portfolio to lose a portion of
its principal investment represented by the premium the Portfolio paid.

If interest rates rise rapidly, prepayments may occur at slower rates than
expected, which could have the effect of lengthening the expected maturity of a
short- or medium-term security. That could cause its value to fluctuate more
widely in response to changes in interest rates. In turn, this could cause the
value of a Portfolio's shares to fluctuate more.

- ---------------------------------------- ------------------------------------------------------------------------
Each of the Portfolios is subject to Non-Mortgage Asset-Backed
Securities Risk.

PIMCO Total Return May invest all of its assets in asset-backed securities.

Non-mortgage asset-backed securities are not issued or guaranteed by the
U.S. Government or its agencies or government-sponsored entities. In the event
of a failure of these securities or of mortgage-related securities issued by
private issuers to pay interest or repay principal, the assets backing these
securities such as automobiles or credit card receivables may be insufficient to
support the payments on the securities.

- ---------------------------------------- ------------------------------------------------------------------------
Each of the Portfolios is subject to Derivative Risk.

PIMCO Total Return May invest all of its assets in derivative instruments, such as
options, futures contracts or swap agreements.
- ---------------------------------------- ------------------------------------------------------------------------
- ---------------------------------------- ------------------------------------------------------------------------
Oppenheimer Strategic Bond Can also use hedging instruments and certain derivative instruments,
primarily collateralized mortgage obligations and structured notes, to
try to enhance income or to try to manage risks. The Portfolio may
enter into credit default swaps directly and indirectly within a
structured note.
- ---------------------------------------- ------------------------------------------------------------------------

The various risks associated with derivative instruments include imperfect
correlation between the value of the instruments and the underlying assets;
risks of default by the other party to certain transactions; risks that the
transactions may result in losses that partially or completely offset gains in
portfolio positions; and risks that the transactions may not be liquid.

Are there any other risks of investing in each Portfolio?

Oppenheimer Strategic Bond is also subject to high yield debt security risk
due to its investments in lower-grade, high yield securities of U.S. and foreign
companies. High yield debt securities, or junk bonds, are securities which are
rated below "investment grade" or are not rated, but are of equivalent quality.
High yield debt securities range from those for which the prospect for repayment
of principal and interest is predominantly speculative to those which are
currently in default on principal or interest payments. The Portfolio may be
more susceptible to credit risk and market risk than a portfolio that invests
only in higher quality debt securities because these lower-rated debt securities
are less secure financially and more sensitive to downturns in the economy. In
addition, the secondary market for such securities may not be as liquid as that
for more highly rated debt securities. As a result, the Portfolio's investment
adviser may find it more difficult to sell these securities or may have to sell
them at lower prices. High yield securities are not generally meant for
short-term investing. When the Portfolio invests in high yield securities it
generally seeks to receive a correspondingly higher return to compensate it for
the additional credit risk and market risk it has assumed. PIMCO Total Return
generally does not invest in high yield debt securities.

Portfolio Turnover. The Portfolios' investment advisers will sell a
security when they believe it is appropriate to do so, regardless of how long a
Portfolio has owned that security. Buying and selling securities generally
involves some expense to a Portfolio, such as commissions paid to brokers and
other transaction costs. Generally speaking, the higher a Portfolio's annual
portfolio turnover rate, the greater its brokerage costs. Increased brokerage
costs may adversely affect a Portfolio's performance. Annual turnover rate of
100% or more is considered high and will result in increased costs to a
Portfolio. Both Portfolios generally will have an annual turnover rate of 100%
or more.

The Portfolios have other investment policies, practices and restrictions
which, together with their related risks, are also set forth in the Prospectuses
and Statements of Additional Information of the Portfolios.

GENERAL VOTING INFORMATION

Who is eligible to vote?

A Contract owner is entitled to one vote for each accumulation unit that
the owner owns in the Subaccount.

As of the Record Date, the total number of accumulation units held in the
Subaccount for each class of Contract and entitled to vote was:

- ---------------------------------------- --------------------------------------
Contract Number of Subaccount Units
- ---------------------------------------- --------------------------------------
- ---------------------------------------- --------------------------------------
Capital Strategist
- ---------------------------------------- --------------------------------------
- ---------------------------------------- --------------------------------------
Foresight
- ---------------------------------------- --------------------------------------

For each class of Contract, approval of the proposed substitution requires
the affirmative vote of a majority of the Subaccount's outstanding accumulation
units held by owners of that Contract on the Record Date.

To the knowledge of MetLife Investors USA, no owner beneficially owned,
directly or indirectly, Contracts representing more than 5% of the accumulation
units in the Subaccount as of the Record Date.

To the knowledge of MetLife Investors USA, none of the directors or
officers of MetLife Investors USA, individually or as a group, beneficially own,
directly or indirectly, over 1% of the outstanding accumulation units of the
Subaccount as of the Record Date. Any beneficial financial interest that MetLife
Investors USA may have in the Subaccount is immaterial in relation to the
interests of owners and MetLife Investors USA will not cast any votes.

How do I vote on the substitution proposal?

If you properly execute and return the enclosed Voting Instruction Card to
MetLife Investors USA at 22 Corporate Plaza Drive, Newport Beach, California
92660 by April 23, 2004 at 4:00 p.m. Pacific Time (the "Voting Deadline"),
MetLife Investors USA will count your vote when calculating the results of the
solicitation. MetLife Investors USA may disregard any Voting Instruction Cards
received after the Voting Deadline. Votes attributable to Voting Instruction
Cards that are properly executed and returned but are not marked "For" or
"Against" the proposed substitution, will be counted as "For." A vote to
"Abstain" will have the effect of a vote "Against" the proposed substitution.

You also may vote by telephone by calling 1-866-235-4258 and following the
instructions, faxing your Voting Instruction Card (both front and back) to
1-888-796-9932, or by visiting our voting agent's website
https://vote.proxy-direct.com and following the instructions. If you cast your
telephone, facsimile or website vote by the Voting Deadline, MetLife Investors
USA will count your vote when calculating the results of the solicitation.
MetLife Investors USA may disregard any votes cast by telephone or facsimile or
at the website after the Voting Deadline (or any extension of the Voting
Deadline). MetLife Investors USA or its voting agent will use reasonable
procedures to (such as requiring an identification number) to verify the
authenticity of voters using the telephone, facsimile or website voting
facilities. Your voting authentication number is found on the accompanying
Voting Instruction Card.

Can I change my vote after I have submitted it?

Any Contract owner who has submitted a Voting Instruction Card has the
right to change his or her vote at any time prior to the Voting Deadline by
submitting a letter requesting the change or a later-dated Voting Instruction
Card that MetLife Investors USA receives at the above address on or before the
Voting Deadline. If MetLife Investors USA does not receive sufficient votes to
approve the proposal, it may extend the Voting Deadline and conduct a further
solicitation of votes.

MetLife Investors USA will solicit votes primarily by mail, but may
supplement this effort by telephone calls, telegrams, e-mails, personal
interviews, and other communications by officers, employees, and agents of
MetLife Investors USA or its affiliates. In addition, Alamo Direct has been
retained to assist in the solicitation of votes. It is expected that the cost of
retaining Alamo Direct for such solicitation will be approximately $__________.
The costs for solicitation of votes, like the other costs associated with the
substitution, will be borne by MetLife Investors USA.

METLIFE INVESTORS USA INSURANCE COMPANY RECOMMENDS THAT YOU VOTE TO
"APPROVE" THE PROPOSED SUBSTITUTION.

GENERAL INFORMATION

MetLife Investors USA Insurance Company

MetLife Investors USA is a stock life insurance company organized under
Delaware Law in 1960. MetLife Investors USA is authorized to transact the
business of life insurance, including annuities, in the District of Columbia and
all states except New York. Its principal executive offices are located at 22
Corporate Plaza Drive, Newport Beach, California 92660.

MetLife Investors USA is a wholly-owned subsidiary of MetLife Investors
Group, Inc. MetLife Investors Group, Inc., in turn, is an indirect wholly-owned
subsidiary of MetLife, Inc., the parent of MetLife. MetLife, Inc. is listed on
the New York Stock Exchange and, through its affiliates, is a leading provider
of insurance and other financial products and services to individuals and
groups.

MetLife Investors USA Separate Account A

Separate Account A is a separate investment account of MetLife Investors
USA established under Delaware law on May 29, 1980. Each subaccount invests in a
corresponding portfolio of an open-end management investment company. The
variable annuity contracts that invest in the Current Portfolio, including your
Contract, have been issued through Separate Account A and interests in Separate
Account A offered through such variable annuity contracts have been registered
under the Securities Act of 1933, as amended (the "1933 Act"). Separate Account
A is registered the Commission under the Investment Company Act of 1940, as
amended (the "1940 Act") as a unit investment trust type of investment company.

Met Investors Series Trust

Shares of Met Investors Series Trust are sold exclusively to insurance
company separate accounts to fund benefits under variable annuity contracts and
variable life insurance policies sponsored by MetLife Investors USA and its
affiliates, or employer pension and profit sharing plans. Met Investors Series
Trust is a Delaware statutory trust organized on July 27, 2000. Met Investors
Series Trust is registered under the 1940 Act as open-end management investment
companies of the series type, and its securities are registered under the 1933
Act. Met Investors Series Trust currently offers 21 series.

Service Providers

MetLife Investors Distribution Company, an indirect wholly-owned subsidiary
of MetLife Investors Group, Inc. located at 22 Corporate Plaza Drive, Newport
Beach, California 92660, is the principal underwriter for Separate Account A and
for Met Investors Series Trust.

Owner Proposals

Contract owners have no rights under the Contracts to put voting proposals
before the owners.

Prospectuses and Annual Reports

Upon request, MetLife Investors USA will furnish, without charge, a copy of
the most recent annual and semi-annual shareholder reports and current
prospectuses and statements of additional information for the Replacement
Portfolio and for the Current Portfolio, respectively. To request any of these,
please call MetLife Investors USA at 1-800-284-4536, or write to MetLife
Investors USA at 22 Corporate Plaza Drive, Newport Beach, California 92660. Each
of these documents is incorporated by reference in this document. (This means
that it is legally considered to be a part of this Voting Information
Statement.)

You can also obtain copies of any of these documents without charge on the
EDGAR database on the Commission's Internet site at http://www.sec.gov. Copies
are available for a fee by electronic request at the following email address:
publicinfo@sec.gov, or from the Public Reference Branch, Office of Consumer
Affairs and Information Services, Securities and Exchange Commission,
Washington, D.C. 20549.

Dissenter's Rights of Appraisal

Taken together, Delaware Insurance law and the terms of the Contracts do
not appear to provide appraisal rights to investors, such as Contract owners,
beyond their right to receipt of the cash surrender value of their Contracts.
MetLife Investors USA believes that, for transactions such as the proposed
substitution, this requires, in effect, that accumulation units have a value
equal to their net asset value determined as of 4:00 p.m. on the date of the
proposed substitution.

Interpretations of the 1940 Act by the SEC staff limit appraisal rights of
investors in a registered unit investment trust, such as Contract owners, to
those provided by Rule 22c-1 under the 1940 Act. Rule 22c-1, in effect, requires
for transactions such as the proposed substitution, that accumulation units have
a value equal to their net asset value per share determined as of 4:00 p.m. on
the date of the proposed substitution.

You should note, however, that before the proposed substitution occurs,
Contract owners will be permitted to make a transfer of Contract value (or
annuity unit exchange) from the Subaccount to any other subaccount without
charge and without that transfer (or exchange) counting towards the number
permitted or the number permitted without charge under their Contract. During
the 30 days after the proposed substitution, Contract owners will be permitted
to make a transfer of Contract value (or annuity unit exchange) from the
subaccount investing in the Replacement Portfolio to any other subaccount
without charge and without that transfer (or exchange) counting towards the
number permitted or the number permitted without charge under their Contract.

Inquiries

Owners may make inquiries by contacting their registered representative or
by writing MetLife Investors USA at 22 Corporate Plaza Drive, Newport Beach,
California 92660, or by calling 1-800-284-4536.

METLIFE INVESTORS USA REQUESTS THAT YOU PROMPTLY EXECUTE AND RETURN THE ENCLOSED
VOTING INSTRUCTION CARD. A PRE-ADDRESSED, POSTAGE-PAID ENVELOPE IS ENCLOSED FOR
YOUR CONVENIENCE.

FORM OF
VOTING INSTRUCTION CARD

MetLife Investors USA Insurance Company
22 Corporate Plaza Drive
Newport Beach, California 92660

YOUR VOTE IS VERY IMPORTANT!

PLEASE SIGN, DATE AND RETURN THIS VOTING
INSTRUCTION CARD IN THE ENCLOSED ENVELOPE TODAY!

Name of Contract Owner Voting Control Number:
---------------------
Address
City, ST 00000

I, the undersigned, hereby instruct MetLife Investors USA Insurance Company
("MetLife Investors USA") to count all of the accumulation units that I owned as
of January 30, 2004, in the subaccount(s) of MetLife Investors USA Separate
Account A listed on the reverse side as being voted as indicated on this Voting
Instruction Card.

METLIFE INVESTORS USA RECOMMENDS THAT YOU VOTE "FOR" THE PROPOSAL(S).

- -----------------------------------------------------------------------------
You may also vote by:

o Telephone:

1. Call toll free 1-866-235-4258.
2. Enter your voting control number (found above).
3. Follow the simple instructions.

o Fax:

After completing and signing this Card, fax it (both front
and back sides) to 1-888-796-9932.

o Internet:

Visit our website at https://vote.proxy-direct.com and
follow the instructions for voting via Internet.
-----------------------------------------------------------------------------

THESE VOTING INSTRUCTIONS ARE BEING SOLICITED ON BEHALF OF METLIFE
INVESTORS USA. RECEIPT OF THE ACCOMPANYING VOTING INFORMATION STATEMENT(S), AS
APPLICABLE, IS HEREBY ACKNOWLEDGED.

NOTE: PLEASE SIGN EXACTLY AS YOUR NAME(S) APPEAR ON THIS CARD. When signing as
attorney, executor, administrator, trustee, guardian, or as custodian for a
minor, please sign your name and give your full title as such. If signing on
behalf of a corporation, please sign the full corporate name and your name and
indicate your title. If you are a partner signing for a partnership, please sign
the partnership name, your name and indicate your title. Joint owners should
each sign these instructions. Please sign, date and return.

-------------------------
Signature

------------------------
Signature (if held jointly)

-------------------------
Date

(Please see reverse side to vote.)

ACCUMULATION UNITS HELD ON YOUR BEHALF WILL BE VOTED AS INDICATED BELOW OR AS
"FOR" ANY PROPOSAL FOR WHICH NO CHOICE IS INDICATED.

If this Voting Instruction Card is signed and returned and no specification is
made, MetLife Investors USA will count the vote as "FOR" all of the Proposals.
Please note that a vote to "ABSTAIN" will have the same effect as a "NO" vote.

To be counted, Voting Instruction Cards must be received by MetLife Investors
USA no later than Friday, April 23, 2004 at 4:00 p.m. Pacific Time.

PLEASE VOTE BY FILLING IN THE APPROPRIATE BOXES BELOW. EXAMPLE: |X|

SUBACCOUNT(s) UNITS
[Current Subaccount Name]

METLIFE INVESTORS USA RECOMMENDS THAT YOU VOTE "FOR" EACH OF THE FOLLOWING:

To approve the substitution of Class A shares of the Replacement
Portfolio(s) listed below for the shares of the corresponding Current
Portfolio(s) listed below that is currently included as an investment
option under certain variable insurance contracts offered by MetLife
Investors USA Insurance Company.

Replacement Portfolio Current Portfolio

1. [Name of Replacement Portfolio], a series [Class of shares] shares of [Name of
of [Name of Trust] Current Portfolio]

Mark |_| To Vote FOR |_| To Vote AGAINST |_| To ABSTAIN From Voting.

IMPORTANT: PLEASE SIGN AND DATE ON THE REVERSE SIDE BEFORE MAILING OR
FAXING