For Immediate Release                       Contact: Dan Rael
                                                     SSR Realty Advisors
                                                     (415) 678-2221


                        METRIC INCOME TRUST SERIES, INC.
                    TO CEASE TRADING, MAKE FINAL DISTRIBUTION


SAN FRANCISCO  November 24, 1999. In accordance with the Plan of Liquidation and
Dissolution  adopted by  shareholders  in June 1998,  the Board of  Directors of
Metric  Income Trust  Series,  Inc.  ("MITS"),  a closed-end  public Real Estate
Investment  Trust  (REIT),  voted to cease  trading of the  Fund's  shares as of
November  29,  1999.  Additionally,  the  Board  declared  a  final  liquidating
distribution  payable  on  December  10,  1999 to  Shareholders  of Record as of
November  30,  1999.  It is  anticipated  that MITS will be fully  dissolved  by
year-end 1999.

MITS originally assembled a portfolio of commercial properties in 1989 and 1990,
the last of which was ultimately sold in December 1998.