EXHIBIT 10.48

                             AMENDMENT NUMBER ONE TO
             THE METLIFE ANNUAL VARIABLE INCENTIVE PLAN (THE "PLAN")

         The Plan is hereby amended in the manner set forth below:

     1.  Article 4 of the Plan is amended to add a new Section 4.5 at the end
thereof, to read as follows:

         4.5      TIMING OF PAYMENT. Subject to Section 4.4, all Awards granted
                  under this Plan shall, if payable, be paid on or before March
                  15 of the calendar year following the calendar year with
                  regard to which the performance criteria or other
                  contingencies that pertain to the Award (other than continued
                  employment with the Company or an Affiliate or other
                  contingency related to continued service until the date on
                  which the Award is payable) apply. No Participant or any other
                  person shall have any right to receive any payment of interest
                  or other remedy due to any payment of an Award on a date other
                  than as provided in the immediately preceding sentence.

     2.  This Amendment will be effective immediately upon execution.

     3. Except as otherwise expressly provided herein, the Plan (including any
amendments thereto) shall continue in full force and effect without amendment.

IN WITNESS WHEREOF, this amendment is approved.

METLIFE, INC.

/s/ Gwenn L. Carr
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Gwenn L. Carr
Senior Vice President and Secretary

Date:  December 15, 2005
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Witness:  /s/ Christine Martinez
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          Christine Martinez