UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED

MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number: 811-3618

Metropolitan Series Fund, Inc.

(Exact name of registrant as specified in charter)

501 Boylston Street

Boston, Massachusetts 02116

(Address of Principal Executive Office)

MICHAEL P. LAWLOR

MetLife Advisers, LLC

501 Boylston Street

Boston, Massachusetts 02116

(Name and address of agent for service)

Copy to:

JOHN M. LODER, ESQ.

Ropes & Gray

One International Place

Boston, Massachusetts 02110

Registrant’s telephone number, including area code: 617-578-4036

Date of fiscal year end: December 31

Date of reporting period: July 1, 2008 to September 30, 2008

Form N-Q is to be used by management investment companies, other than small business investment companies registered on Form N-5 (§§ 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than 60 days after the close of the first and third fiscal quarters, pursuant to rule 30b1-5 under the Investment Company Act of 1940 (17 CFR 270.30b1-5). The Commission may use the information provided on Form N-Q in its regulatory, disclosure review, inspection, and policymaking roles.

A registrant is required to disclose the information specified by Form N-Q, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-Q unless the Form displays a currently valid Office of Management and Budget (“OMB”) control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. §3507.

Item 1. Schedule of Investments.

The following is a copy of the unaudited schedules as of the close of the reporting period as set forth in §§ 210.12-12 – 12-14 of Regulation S-X [17 CFR 210.12-12 – 12.14]:

Metropolitan Series Fund, Inc. Schedule of Investments September 30, 2008

Metropolitan Series Fund, Inc.

Table of Contents

Schedule of Investments as of September 30, 2008
BlackRock Aggressive Growth Portfolio	MSF-1
BlackRock Bond Income Portfolio	MSF-4
BlackRock Diversified Portfolio	MSF-12
BlackRock Large Cap Value Portfolio	MSF-21
BlackRock Legacy Large Cap Growth Portfolio	MSF-24
BlackRock Money Market Portfolio	MSF-27
BlackRock Strategic Value Portfolio	MSF-30
Capital Guardian U.S. Equity Portfolio	MSF-33
Davis Venture Value Portfolio	MSF-37
FI Large Cap Portfolio	MSF-41
FI Mid Cap Opportunities Portfolio	MSF-43
FI Value Leaders Portfolio	MSF-46
Franklin Templeton Small Cap Growth Portfolio	MSF-49
Harris Oakmark Focused Value Portfolio	MSF-52
Jennison Growth Portfolio	MSF-54
Julius Baer International Stock Portfolio	MSF-56
Lehman Brothers Aggregate Bond Index Portfolio	MSF-62
Loomis Sayles Small Cap Portfolio	MSF-71
MetLife Aggressive Allocation Portfolio	MSF-76
MetLife Conservative Allocation Portfolio	MSF-77
MetLife Conservative To Moderate Allocation Portfolio	MSF-78
MetLife Mid Cap Stock Index Portfolio	MSF-79
MetLife Moderate Allocation Portfolio	MSF-85
MetLife Moderate to Aggressive Allocation Portfolio	MSF-86
MetLife Stock Index Portfolio	MSF-87
MFS Total Return Portfolio	MSF-95
MFS Value Portfolio	MSF-106
Morgan Stanley EAFE Index Portfolio	MSF-109
Neuberger Berman Mid Cap Value Portfolio	MSF-119
Oppenheimer Global Equity Portfolio	MSF-122
Russell 2000 Index Portfolio	MSF-125
T. Rowe Price Large Cap Growth Portfolio	MSF-143
T. Rowe Price Small Cap Growth Portfolio	MSF-146
Western Asset Management Strategic Bond Opportunities Portfolio	MSF-151
Western Asset Management U.S. Government Portfolio	MSF-163
Zenith Equity Portfolio	MSF-168

Not all Portfolios are available under every product.

Refer to your prospectus for information on the Portfolios that are available.

Morgan Stanley sponsors the MSCI EAFE^® Index, Lehman Brothers sponsors the Lehman Brothers^® Aggregate Bond Index, Standard & Poor’s sponsors the S&P 500^® Index and the S&P 400 MidCap Index, and Frank Russell Company sponsors the Russell 2000^® Index (together referred to as the “index sponsors”). Direct investment in the indexes is not possible. The index sponsors do not sponsor, endorse, sell or promote any of the Metropolitan Series Fund, Inc’s (the “Fund’s”) Portfolios (the “Portfolios”) or make any representation regarding the advisability of investing in the Portfolios. The index sponsors have no responsibility for and do not participate in the management of the Portfolio assets or sale of the Portfolio shares. Each index and its associated service marks are the exclusive property of the respective index sponsors, and references thereto have been made with permission. The Metropolitan Series Fund, Inc. Statement of Additional Information contains a more detailed description of the limited relationship the index sponsors have with Metropolitan Life Insurance Company and the Fund.

Metropolitan Series Fund, Inc.

BlackRock Aggressive Growth Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Common Stock—97.7% of Total Net Assets

Security Description	Shares	Value
Aerospace & Defense—2.0%
BE Aerospace, Inc. (a)	522,700	$	8,274,341
Goodrich Corp.	225,600		9,384,960
			17,659,301
Biotechnology—1.5%
Martek Biosciences Corp. (a) (b)	436,400		13,711,688
Building Products—0.3%
Quanex Building Products Corp. (a) (b)	164,005		2,499,436
Capital Markets—2.5%
Affiliated Managers Group, Inc. (a) (b)	152,700		12,651,195
Invesco, Ltd. (b)	457,521		9,598,790
			22,249,985
Chemicals—3.5%
Agrium, Inc.	160,300		8,989,624
Airgas, Inc.	154,400		7,665,960
Celanese Corp.	538,100		15,018,371
			31,673,955
Commercial Services & Supplies—1.8%
Employee Solutions, Inc. (c) (d)	484		0
Iron Mountain, Inc. (a) (b)	670,600		16,369,347
			16,369,347
Communications Equipment—2.8%
Foundry Networks, Inc. (a)	271,100		4,936,731
Harris Corp.	425,264		19,647,197
			24,583,928
Construction & Engineering—1.7%
Quanta Services, Inc. (a) (b)	550,500		14,869,005
Containers & Packaging—1.0%
Rock-Tenn Co.	227,719		9,104,206
Diversified Consumer Services—2.0%
Apollo Group, Inc. (Class A) (a)	186,200		11,041,660
Strayer Education, Inc. (b)	33,400		6,688,684
			17,730,344
Diversified Financial Services—3.3%
CME Group, Inc. (b)	37,030		13,757,015
MSCI, Inc. (a)	642,700		15,424,800
			29,181,815
Electrical Equipment—3.0%
Ametek, Inc. (a)	649,100		26,463,807
Electronic Equipment & Instruments—2.6%
Amphenol Corp. (Class A)	580,800		23,313,312

Security Description	Shares	Value
Energy Equipment & Services—7.3%
Acergy S.A. (ADR) (a) (b)	503,500	$	5,065,210
BJ Services Co.	535,100		10,236,463
IHS, Inc. (a) (b)	242,900		11,571,756
National Oilwell Varco, Inc. (a)	238,100		11,959,763
Noble Corp.	343,800		15,092,820
Superior Energy Services, Inc. (a)	369,800		11,515,572
			65,441,584
Exchange Traded Funds—2.1%
iShares Russell Midcap Growth Index Fund	425,300		18,470,779
Health Care Equipment & Supplies—2.5%
Hologic, Inc. (a) (b)	627,400		12,127,642
ResMed, Inc. (b)	227,300		9,773,900
			21,901,542
Health Care Providers & Services—7.4%
AmerisourceBergen Corp.	223,100		8,399,715
Lincare Holdings, Inc. (a)	224,900		6,767,241
Magellan Health Services, Inc. (a) (b)	328,400		13,484,104
Medco Health Solutions, Inc. (a)	345,000		15,525,000
Pediatrix Medical Group, Inc. (a)	406,400		21,913,088
			66,089,148
Hotels, Restaurants & Leisure—5.2%
Darden Restaurants, Inc.	243,800		6,979,994
Orient-Express Hotels, Ltd. (Class A) (b)	263,500		6,358,255
Panera Bread Co. (a) (b)	185,000		9,416,500
Scientific Games Corp. (a) (b)	1,009,900		23,247,898
			46,002,647
IT Services—3.5%
Genpact, Ltd. (a) (b)	902,700		9,379,053
Lender Processing Services, Inc. (b)	273,450		8,345,694
SAIC, Inc. (a)	128,600		2,601,578
TeleTech Holdings, Inc. (a) (b)	894,400		11,126,336
			31,452,661
Life Sciences Tools & Services—1.8%
Thermo Fisher Scientific, Inc. (a)	293,400		16,137,000
Machinery—4.7%
IDEX Corp.	634,704		19,688,518
Joy Global, Inc.	317,200		14,318,408
Oshkosh Truck Corp. (b)	597,100		7,857,836
			41,864,762
Media—3.1%
CKX, Inc. (a) (b)	1,069,400		6,587,504
DreamWorks Animation SKG, Inc. (a)	662,700		20,841,915
			27,429,419

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-1

Metropolitan Series Fund, Inc.

BlackRock Aggressive Growth Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Common Stock—(Continued)

Security Description	Shares	Value
Metals & Mining—0.6%
Century Aluminum Co. (a) (b)	185,798	$	5,144,747
Oil, Gas & Consumable Fuels—5.5%
Chesapeake Energy Corp. (b)	361,200		12,952,632
Consol Energy, Inc.	223,000		10,233,470
Massey Energy Co. (b)	240,800		8,589,336
Plains Exploration & Production Co. (a) (b)	276,200		9,711,192
Ultra Petroleum Corp. (a)	130,700		7,232,938
			48,719,568
Personal Products—2.3%
Avon Products, Inc.	185,300		7,702,921
Bare Escentuals, Inc. (a) (b)	1,164,200		12,654,854
			20,357,775
Pharmaceuticals—2.8%
Medicis Pharmaceutical Corp. (a) (b)	665,900		9,928,569
Shire, Plc. (ADR) (b)	307,200		14,668,800
			24,597,369
Real Estate Management & Development—0.0%
FX Real Estate & Entertainment, Inc. (a) (b)	209,779		218,170
Semiconductors & Semiconductor Equipment—5.3%
Broadcom Corp. (a)	858,700		15,997,581
Intersil Corp.	442,600		7,338,308
Lam Research Corp. (a)	289,800		9,125,802
PMC-Sierra, Inc. (a) (b)	1,991,490		14,776,856
			47,238,547
Software—8.5%
Adobe Systems, Inc. (a)	614,540		24,255,894
Amdocs, Ltd. (a)	942,250		25,798,805
Intuit, Inc. (a) (b)	496,500		15,694,365
Salesforce.com, Inc. (a) (b)	211,700		10,246,280
			75,995,344
Specialty Retail—5.0%
GameStop Corp. (Class A) (a)	507,500		17,361,575
TJX Cos., Inc.	345,600		10,547,712
Urban Outfitters, Inc. (a) (b)	512,900		16,346,123
			44,255,410
Textiles, Apparel & Luxury Goods—1.2%
Lululemon Athletica, Inc. (a) (b)	480,800		11,072,824
Wireless Telecommunication Services—0.9%
American Tower Corp. (Class A) (a)	217,327		7,817,252
Total Common Stock (Identified Cost $969,657,558)			869,616,677

Short Term Investments—28.8%
Security Description	Face Amount/Shares		Value
Discount Notes—1.1%
Federal Home Loan Bank
0.080%, 10/14/08	$	300,000	$	299,962
0.131%, 10/17/08		9,500,000		9,491,402
				9,791,364
Mutual Funds—27.7%
State Street Navigator Securities Lending Prime Portfolio (e)		246,870,033		246,870,033
Total Short Term Investments (Identified Cost $256,661,397)				256,661,397
Total Investments—126.5% (Identified Cost $1,226,318,955) (f)				1,126,278,074
Liabilities in excess of other assets				(236,123,881	)
Total Net Assets—100%			$	890,154,193

(a) Non-Income Producing.

(b) A portion or all of the security was held on loan. As of September 30, 2008, the market value of securities loaned was $247,377,495 and the collateral received consisted of cash in the amount of $246,870,033. The cash collateral is invested in a money market fund managed by an affiliate of the custodian.

(c) Zero Valued Security.

(d) Non-Income Producing; issuer filed under Chapter 7 of the Federal Bankruptcy Code.

(e) Represents investment of cash collateral received from securities lending transactions.

(f) The aggregate cost of investments for federal income tax purposes as of September 30, 2008 was $1,232,500,968 and the composition of unrealized appreciation and depreciation of investment securities was $77,376,129 and $(183,599,023), respectively.

(ADR)— An American Depositary Receipt is a certificate issued by a custodian bank representing the right to receive securities of the foreign issuer described. Trading on exchanges not located in the United States or Canada significantly influences the value of ADRs.

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-2

Metropolitan Series Fund, Inc.

BlackRock Aggressive Growth Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

The Portfolio adopted the provisions of Statement of Financial Accounting Standards No. 157, “Fair Value Measurements” (FAS 157), effective with the beginning of the Portfolio’s fiscal year. FAS 157 establishes a framework for measuring fair value and expands disclosures about fair value measurements in financial statements. Management has evaluated the application of FAS 157 to the Portfolio, and has determined that the adoption of FAS 157 does not have a material impact on the Portfolio’s financial statements. The three levels of the hierarchy under FAS 157 are described below:

Level 1—quoted prices in active markets for identical securities

Level 2—other significant observable inputs (including quoted prices for similar securities, interest rates, credit risk, etc.)

Level 3—significant unobservable inputs (including the Adviser and Subadvisor’s own assumptions in determining the fair value of investments)

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

The following is a summary of the inputs used to value the Portfolio’s net assets as of September 30, 2008:

Valuation Inputs	Investments In Securities		Other Financial Instruments*
Level 1—Quoted Prices	$	1,116,486,711	$	0
Level 2—Other Significant Observable Inputs		9,791,363		0
Level 3—Significant Unobservable Inputs		0		0
Total	$	1,126,278,074	$	0

* Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures, forwards, swap contracts and written options, which are valued based on the unrealized appreciation/depreciation on the instrument.

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-3

Metropolitan Series Fund, Inc.

BlackRock Bond Income Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Fixed Income—119.1% of Total Net Assets

Security Description	Face Amount		Value
Aerospace & Defense—0.1%
L-3 Communications Corp. 5.875%, 01/15/15	$	370,000	$	334,850
6.375%, 10/15/15		650,000		598,000
Northrop Grumman Corp. 7.125%, 02/15/11		1,000,000		1,061,536
				1,994,386
Asset Backed—3.5%
Ares VIII CLO, Ltd. (144A) 5.461%, 02/26/16 (a)		1,600,000		1,150,448
BA Master Credit Card Trust 7.000%, 02/15/12		1,125,000		1,148,700
Capital One Multi-Asset Execution Trust 2.668%, 09/15/11 (a)		1,000,000		999,268
Centex Home Equity Loan Trust 5.257%, 12/25/32 (a)		625,393		244,257
Chase Funding Mortgage Loan Asset-Backed Certificates
5.833%, 04/25/32 (a)		1,363,211		1,099,866
Chase Issuance Trust 4.230%, 01/15/13 (a)		2,115,000		2,093,686
5.120%, 10/15/14		10,100,000		9,851,933
Chase Manhattan Auto Owner Trust 5.340%, 07/15/10		4,030,594		4,044,073
Countrywide Asset-Backed Certificates 3.357%, 07/25/36 (a)		7,870,000		6,314,447
Knollwood CDO, Ltd. (144A) 5.991%, 02/08/39 (a)		563,417		528
Option One Mortgage Loan Trust 4.332%, 01/25/33 (a)		390,405		288,495
SLM Student Loan Trust 3.900%, 10/25/16 (a)		970,000		970,000
4.100%, 01/25/28 (a)		3,620,000		3,604,163
4.500%, 07/25/23 (a)		9,750,000		9,724,104
Structured Asset Investment Loan Trust 6.132%, 04/25/33 (a)		250,573		43,545
Wachovia Auto Owner Trust 5.380%, 03/20/13		8,900,000		8,451,468
				50,028,981
Automobiles—0.3%
DaimlerChrysler N.A. Holding Corp. 7.300%, 01/15/12		3,800,000		3,843,005
Capital Markets—1.3%
Credit Suisse USA, Inc. 3.875%, 01/15/09		3,600,000		3,565,714
6.125%, 11/15/11		1,600,000		1,574,282
Lehman Brothers Holdings, Inc. 4.800%, 03/13/14 (b)		3,700,000		462,500
6.750%, 12/28/17		4,775,000		5,969
7.000%, 09/27/27		3,350,000		418,750
Morgan Stanley 5.050%, 01/21/11		6,800,000		4,896,442
5.550%, 04/27/17		2,140,000		1,326,650
5.625%, 01/09/12		1,290,000		899,412
6.250%, 08/28/17 (b)		5,840,000		3,621,039

Security Description	Face Amount		Value
Capital Markets—(Continued)
The Bear Stearns Cos., Inc. 3.186%, 07/19/10 (a)	$	2,040,000	$	1,999,147
				18,769,905
Commercial Banks—3.0%
Barclays Bank, Plc. (144A) 5.926%, 12/31/49		2,540,000		1,766,364
7.434%, 09/29/49 (a)		3,755,000		3,057,753
HSBC Bank USA, N.A. 5.875%, 11/01/34 (b)		2,300,000		1,784,119
JPMorgan Chase Bank, N.A. 6.000%, 07/05/17		6,325,000		5,776,098
Royal Bank of Scotland Group, Plc. 5.050%, 01/08/15 (b)		2,300,000		2,233,109
Royal Bank of Scotland Group, Plc. (144A) 6.990%, 10/29/49 (a)		4,650,000		3,465,417
U.S. Bank, N.A. 4.950%, 10/30/14 (b)		2,300,000		2,228,137
UBS AG Stamford Branch 5.750%, 04/25/18		5,400,000		4,696,650
5.875%, 12/20/17		7,760,000		6,890,283
Wachovia Bank, N.A. 6.600%, 01/15/38		6,750,000		3,999,017
Wachovia Corp. 7.980%, 12/31/49 (a)		6,910,000		2,887,965
Wells Fargo & Co. 4.625%, 08/09/10		2,765,000		2,753,547
4.875%, 01/12/11		940,000		937,047
				42,475,506
Commercial Mortgage-Backed Securities—26.2%
American Home Mortgage Assets 3.397%, 11/25/36 (a)		1,551,059		941,568
3.815%, 09/25/46 (a)		3,092,372		1,869,023
Banc of America Alternative Loan Trust 5.500%, 10/25/35		8,790,897		8,263,198
Banc of America Commercial Mortgage, Inc.
4.621%, 07/10/43		5,225,000		4,896,719
4.870%, 12/10/42 (a)		8,450,000		6,737,304
5.356%, 12/10/16		8,305,000		7,259,223
6.186%, 06/11/35		5,530,000		5,520,482
7.333%, 10/15/09		5,701,209		5,731,841
Bear Stearns Adjustable Rate Mortgage Trust
5.471%, 11/25/34 (a)		3,505,493		2,723,477
5.509%, 02/25/47 (a)		1,973,890		1,378,708
Bear Stearns Commercial Mortgage Securities, Inc.
4.361%, 06/11/41		2,879,495		2,842,594
5.694%, 06/11/50 (a)		7,350,000		6,260,910
5.742%, 09/11/42 (a)		8,775,000		7,516,452
Chase Commercial Mortgage Securities Corp.
7.319%, 10/15/32		2,115,985		2,150,186
Citigroup Commercial Mortgage Trust 5.431%, 10/15/49		1,885,000		1,649,959

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-4

Metropolitan Series Fund, Inc.

BlackRock Bond Income Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Fixed Income—(Continued)

Security Description	Face Amount		Value
Commercial Mortgage-Backed Securities—(Continued)
Citigroup Mortgage Loan Trust, Inc. 5.740%, 03/25/37 (a)	$	11,612,309	$	9,328,156
5.889%, 06/10/17 (a)		3,975,000		3,082,657
Citigroup/Deutsche Bank Commercial Mortgage Trust
5.886%, 11/15/44		4,050,000		3,471,507
CitiMortgage Alternative Loan Trust 6.000%, 10/25/37		9,915,766		7,356,259
Commercial Mortgage Pass Through Certificates
5.167%, 06/10/44 (a)		7,050,000		6,353,771
6.010%, 12/10/49 (a)		11,120,000		9,567,799
Countrywide Alternative Loan Trust 3.297%, 11/25/36 (a)		1,659,136		1,474,014
3.378%, 03/20/47 (a)		4,363,227		2,608,071
3.815%, 08/25/46 (a)		1,648,903		972,716
5.500%, 11/25/35		4,652,030		3,223,712
5.500%, 04/25/37		9,739,832		6,905,381
Countrywide Home Loan Mortgage Pass Through Trust
3.407%, 04/25/46 (a)		1,917,286		1,156,743
6.500%, 10/25/37		5,824,745		4,574,248
Credit Suisse Mortgage Capital Certificates
6.000%, 10/25/21		2,587,040		1,858,628
CS First Boston Mortgage Securities Corp.
3.936%, 05/15/38 (a)		10,000,000		8,961,671
4.889%, 11/15/37 (a)		2,220,000		1,764,461
4.940%, 12/15/35		7,295,000		6,881,474
Deutsche ALT-A Securities, Inc. 3.407%, 02/25/47 (a)		2,258,108		1,343,449
DLJ Commercial Mortgage Corp. 7.180%, 11/10/33		5,861,685		5,951,652
First Union National Bank Commercial Mortgage Trust
7.390%, 12/15/31		8,887,026		8,970,165
First Union National Bank Commercial Mortgage Trust (144A)
7.793%, 12/15/31 (a)		9,412,000		9,564,644
GE Capital Commercial Mortgage Corp. 4.578%, 06/10/48		5,200,000		4,922,117
GMAC Commercial Mortgage Securities, Inc.
5.134%, 08/10/38 (a)		3,000,000		2,840,306
6.465%, 04/15/34		6,395,120		6,413,776
6.957%, 09/15/35		7,278,915		7,367,116
7.455%, 08/16/33		4,459,047		4,531,172
GSR Mortgage Loan Trust 3.397%, 08/25/46 (a)		4,774,404		2,900,952
5.248%, 11/25/35 (a)		4,992,008		4,290,496
Harborview Mortgage Loan Trust 3.360%, 09/19/35 (a)		511,849		330,231
3.200%, 12/19/36 (a)		8,869,497		5,174,875
3.240%, 11/19/36 (a)		6,807,375		4,076,576
3.340%, 11/19/35 (a)		3,205,635		2,040,288
Indymac INDA Mortgage Loan Trust 5.931%, 09/25/36 (a)		6,515,249		4,932,741
JPMorgan Chase Commercial Mortgage Securities Corp.
4.922%, 01/15/42 (a)		8,600,000		6,848,574
4.996%, 08/15/42 (a)		2,300,000		2,043,994
4.999%, 10/15/42 (a)		2,580,000		2,159,803
5.435%, 08/25/35 (a)		3,238,509		2,818,955
5.827%, 02/15/51 (a)		3,125,000		2,927,834

Security Description	Face Amount		Value
Commercial Mortgage-Backed Securities—(Continued)
5.857%, 10/12/35	$	5,710,000	$	5,624,517
5.992%, 06/15/49 (a)		3,825,000		3,599,553
JPMorgan Chase Commercial Mortgage Securities Corp. (144A)
4.158%, 01/12/39		5,180,721		4,729,285
JPMorgan Mortgage Trust 5.500%, 03/25/22		1,072,880		995,432
5.875%, 07/25/36		1,260,275		1,182,689
LB-UBS Commercial Mortgage Trust 4.071%, 09/15/26		2,631,248		2,553,014
4.559%, 07/17/12 (a)		4,075,000		3,934,839
4.806%, 02/15/40 (a)		3,600,000		2,843,652
5.205%, 04/15/30 (a)		3,575,000		2,870,237
5.430%, 02/17/40 (a)		16,920,000		14,192,132
5.642%, 12/15/25		3,524,812		3,509,411
5.866%, 09/15/45		8,820,000		7,558,056
7.950%, 05/15/25 (a)		5,278,897		5,378,262
LB-UBS Commercial Mortgage Trust (144A)
6.155%, 07/14/16		1,762,584		1,764,533
Merrill Lynch First Franklin Mortgage Loan Trust
3.327%, 04/25/37 (a)		3,541,241		3,384,719
Merrill Lynch Mortgage Investors, Inc. 5.820%, 05/25/36 (a)		6,914,553		4,758,496
Morgan Stanley Capital I 5.693%, 10/15/42 (a)		2,695,000		2,612,766
5.803%, 06/11/42 (a)		10,415,000		9,029,762
5.811%, 04/12/49 (a)		1,390,000		1,299,821
Nomura Asset Securities Corp. 6.590%, 03/15/30		262,605		262,520
Salomon Brothers Mortgage Securities VII, Inc.
6.499%, 10/13/11		5,613,240		5,624,623
6.592%, 12/18/33		5,676,650		5,703,955
Structured Adjustable Rate Mortgage Loan Trust
5.713%, 04/25/37 (a)		3,692,577		2,694,817
TIAA Seasoned Commercial Mortgage Trust
6.093%, 08/15/39 (a)		3,755,000		3,450,972
Wachovia Bank Commercial Mortgage Trust
4.935%, 04/15/42		4,950,000		4,417,534
5.927%, 05/15/43 (a)		9,000,000		8,051,870
6.100%, 02/15/51 (a)		4,300,000		3,699,639
WaMu Commercial Mortgage Securities Trust (144A)
5.150%, 05/25/36		5,194,179		5,121,010
WaMu Mortgage Pass Through Certificates
3.605%, 06/25/47 (a)		3,768,402		2,178,487
3.625%, 05/25/47 (a)		2,194,198		1,272,758
4.559%, 06/25/33 (a)		647,383		445,554
4.919%, 08/25/35 (a)		3,662,212		3,372,435
Wells Fargo Mortgage Backed Securities Trust
5.774%, 04/25/36 (a)		2,903,000		2,345,818
6.100%, 09/25/36 (a)		3,267,365		2,724,995
				370,920,791
Consumer Finance—0.4%
SLM Corp. 2.960%, 07/26/10 (a)		5,145,000		3,902,539
5.400%, 10/25/11 (b)		2,470,000		1,729,000
				5,631,539

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-5

Metropolitan Series Fund, Inc.

BlackRock Bond Income Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Fixed Income—(Continued)

Security Description	Face Amount		Value
Diversified Financial Services—6.3%
AES Ironwood, LLC 8.857%, 11/30/25	$	170,880	$	170,880
AES Red Oak, LLC 9.200%, 11/30/29		85,000		82,875
Anadarko Finance Co. 6.750%, 05/01/11		1,900,000		1,944,449
Atlantic Marine Corps Communities, LLC (144A)
5.343%, 12/01/50		150,000		113,484
Bank of America Corp. 5.375%, 06/15/14 (b)		3,100,000		2,866,198
5.650%, 05/01/18		1,285,000		1,082,345
5.750%, 12/01/17		3,280,000		2,781,401
6.000%, 09/01/17		2,550,000		2,199,643
6.100%, 06/15/17		1,200,000		1,060,192
8.000%, 12/29/49 (a)		5,965,000		4,723,487
8.125%, 12/29/49 (a)		4,150,000		3,352,951
Bank of America N.A. 5.300%, 03/15/17		625,000		519,187
Belvoir Land, LLC (144A) 5.270%, 12/15/47		900,000		670,959
Citigroup Capital XXI 8.300%, 12/21/57 (a)		5,125,000		3,818,438
Citigroup, Inc. 5.300%, 10/17/12		7,375,000		6,565,402
Compton Petroleum Finance Corp. 7.625%, 12/01/13		95,000		83,363
Credit Suisse Guernsey, Ltd. 5.860%, 05/29/49 (a)		5,320,000		4,027,596
Devon Financing Corp., U.L.C. 6.875%, 09/30/11		2,800,000		2,920,571
Gaz Capital (Gazprom) (144A) 7.288%, 08/16/37		2,710,000		1,924,100
General Electric Capital Corp. 5.000%, 11/15/11		16,940,000		16,393,041
5.000%, 04/10/12		2,135,000		1,996,417
6.150%, 08/01/37		4,310,000		3,299,908
6.375%, 11/15/67 (a)		3,875,000		3,135,541
GlaxoSmithKline Capital, Inc. 4.850%, 05/15/13		3,475,000		3,411,494
Goldman Sachs Capital II 5.793%, 12/29/49 (a)		2,435,000		1,069,720
Irwin Land, LLC (144A) 5.400%, 12/15/47		1,650,000		1,240,602
JPMorgan Chase & Co. 7.900%, 12/31/49 (a)		4,775,000		4,019,977
JPMorgan Chase Capital 6.800%, 10/01/37		7,435,000		5,699,329
Nationwide Building Society (144A) 4.250%, 02/01/10		765,000		752,153
Petrobras International Finance Co. 5.875%, 03/01/18		1,295,000		1,177,002
Rabobank Capital Funding Trust (144A) 5.254%, 12/29/49 (a)		1,000,000		861,944
Sprint Capital Corp. 8.375%, 03/15/12		200,000		180,000

Security Description	Face Amount		Value
Diversified Financial Services—(Continued)
Telecom Italia Capital S.A. 4.000%, 01/15/10	$	2,000,000	$	1,941,980
5.250%, 11/15/13		850,000		754,111
5.250%, 10/01/15		1,100,000		915,640
Wind Acquisition Finance S.A. (144A) 10.750%, 12/01/15		475,000		465,500
ZFS Finance USA Trust I (144A) 6.500%, 05/09/37 (a)		2,130,000		1,427,100
				89,648,980
Diversified Telecommunication Services—0.6%
AT&T, Inc. 6.500%, 09/01/37		7,275,000		6,188,697
Cincinnati Bell, Inc. 7.250%, 07/15/13		80,000		72,000
Qwest Communications International, Inc. 7.500%, 02/15/14		810,000		700,650
Qwest Communications International, Inc. (Series B)
7.500%, 02/15/14		350,000		302,750
Qwest Corp. 6.069%, 06/15/13 (a)		415,000		352,750
Windstream Corp. 8.125%, 08/01/13		1,030,000		978,500
8.625%, 08/01/16		305,000		281,362
				8,876,709
Electric Utilities—0.9%
Elwood Energy, LLC 8.159%, 07/05/26		206,571		189,284
Florida Power & Light Co. 5.625%, 04/01/34		475,000		423,681
5.950%, 02/01/38		1,330,000		1,234,892
Florida Power Corp. 6.400%, 06/15/38		2,850,000		2,698,750
MidAmerican Energy Holdings Co. 5.950%, 05/15/37		1,650,000		1,350,640
6.500%, 09/15/37		1,900,000		1,666,984
PECO Energy Co. 4.750%, 10/01/12		947,000		916,043
Southern California Edison Co. 5.950%, 02/01/38		1,100,000		1,001,352
Texas Competitive Electric Holdings Co., LLC (144A)
10.250%, 11/01/15		3,130,000		2,824,825
				12,306,451
Energy Equipment & Services—0.1%
Kinder Morgan Energy Partners, L.P. 5.125%, 11/15/14 (b)		1,000,000		912,854
Tennessee Gas Pipeline Co. 7.000%, 10/15/28 (b)		500,000		428,476
				1,341,330

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-6

Metropolitan Series Fund, Inc.

BlackRock Bond Income Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Fixed Income—(Continued)

Security Description	Face Amount		Value
Federal Agencies—66.5%
Federal Home Loan Bank 5.000%, 06/01/38	$	21,000,000	$	20,469,233
5.298%, 07/01/38 (a)		9,741,708		9,687,340
5.308%, 08/01/38 (a)		7,399,387		7,491,040
5.625%, 06/11/21		14,865,000		15,756,722
6.000%, 09/01/38		8,600,000		8,713,934
Federal Home Loan Mortgage Corp. 4.063%, 10/15/33 (a) (c)		82,569,824		7,675,129
4.500%, TBA		15,000,000		14,596,875
4.764%, 03/01/35 (a)		8,930,482		8,980,737
5.000%, 03/15/18		4,200,000		4,140,828
5.000%, 02/01/36		897,573		875,728
5.000%, TBA		11,000,000		10,903,750
5.500%, 09/01/21		44,230,934		44,583,806
5.500%, 07/01/33		4,381,522		4,374,054
5.500%, TBA		50,700,000		50,430,682
5.675%, 01/01/37 (a)		6,516,998		6,613,968
6.000%, 03/15/29		5,520,404		5,631,788
6.000%, TBA		20,600,000		20,872,572
9.000%, 12/01/09		2,340		2,355
Federal National Mortgage Association 4.000%, 05/01/23		7,634,048		7,266,519
4.500%, 02/01/35		1,018,468		964,902
4.500%, 03/01/35		685,201		649,163
4.500%, 09/01/35		69,228		65,587
4.500%, 07/01/36		7,291,821		6,917,424
4.500%, TBA		8,700,000		8,477,063
4.961%, 06/01/38 (a)		8,240,778		8,197,890
5.000%, 06/01/23		2,023,292		1,990,960
5.000%, 04/01/34		16,676,117		16,285,903
5.000%, 04/25/35		2,444,883		2,466,163
5.000%, 07/01/35		370,190		361,297
5.000%, 12/01/35		3,425,649		3,343,349
5.000%, 02/01/36		11,844,030		11,559,482
5.000%, 05/01/36		60,754,892		59,295,279
5.000%, 07/01/36 (c)		15,692,194		3,092,075
5.000%, TBA		23,900,000		23,287,563
5.052%, 07/01/38 (a)		7,892,411		7,863,233
5.125%, 01/02/14 (b)		7,600,000		7,568,308
5.250%, 08/01/12 (b)		3,100,000		3,135,836
5.500%, 04/01/17		115,942		118,026
5.500%, 05/01/19		26,714,187		27,194,454
5.500%, 08/01/19		13,781		13,968
5.500%, 03/01/20		394,496		398,753
5.500%, 05/01/20		111,508		112,711
5.500%, 06/01/20		1,345,525		1,369,714
5.500%, 10/01/20		342,814		346,514
5.500%, 02/01/21		90,899		91,880
5.500%, 03/01/21		621,888		627,822
5.500%, 01/01/24		1,152,233		1,157,288
5.500%, 06/25/28		1,795,612		1,827,487
5.500%, 11/01/34		4,093,300		4,090,160
5.500%, 06/01/35		2,498,882		2,495,403
5.500%, 08/01/35		6,697,438		6,689,604
5.500%, 11/01/35		1,833,911		1,831,358
5.500%, 11/01/35 (c)		7,899,697		1,732,120

Security Description	Face Amount		Value
Federal Agencies—(Continued)
5.500%, 12/01/35	$	11,184,799	$	11,169,230
5.500%, 01/01/36		52,007,692		51,944,426
5.500%, 01/25/36 (c)		7,200,514		1,580,105
5.500%, 06/01/36		180,416		180,080
5.500%, 07/01/36 (a)		8,812,736		8,800,469
5.500%, 07/01/36		1,799,463		1,796,114
5.500%, 12/01/36 (a)		29,922,787		29,851,484
5.500%, 04/01/37		19,364,802		19,327,679
5.500%, 08/01/37		1,571,706		1,568,693
5.500%, 11/01/37		1,956,585		1,952,834
5.500%, 12/01/37		1,900,525		1,896,882
5.500%, 02/01/38		957,165		955,234
5.500%, 03/01/38		1,551,638		1,548,508
5.500%, 07/01/38		1,018,661		1,016,606
5.500%, 08/01/38		6,000,002		5,987,899
5.500%, 09/01/38		14,800,000		14,770,148
6.000%, 04/01/16		536,225		551,447
6.000%, 03/25/27		6,333,796		6,442,080
6.000%, 02/01/34		2,662,048		2,708,962
6.000%, 08/01/34		2,218,832		2,257,935
6.000%, 04/01/35		13,645,837		13,894,848
6.000%, 08/01/35		450,085		457,205
6.000%, 01/01/36		133,598		135,472
6.000%, 05/01/36		95,472		96,811
6.000%, 06/01/36		7,407,356		7,511,276
6.000%, 11/01/36		3,274,653		3,320,595
6.000%, 12/01/36		3,137,896		3,181,919
6.000%, 04/01/37		99,568		100,959
6.000%, 06/01/37		414,041		419,826
6.000%, 08/01/37		2,880,181		2,920,426
6.000%, 09/01/37		2,470,232		2,481,465
6.000%, 03/01/38		5,553,784		5,630,635
6.000%, 08/01/38		1,200,396		1,217,049
6.000%, 09/01/38		6,250,000		6,336,707
6.500%, 11/01/27		169,109		175,260
6.500%, 12/01/29 (a)		1,134,919		1,175,490
6.500%, 03/01/36		526,256		540,217
6.500%, 12/01/37		39,296,905		40,337,216
7.000%, 04/01/37		6,201,056		6,476,807
8.500%, 09/01/09		36		37
9.000%, 04/01/16		292		294
Government National Mortgage Association
5.000%, 10/20/33		7,469,401		7,306,589
5.500%, 04/15/33		355,295		356,642
5.500%, TBA		73,100,000		72,916,189
6.000%, 09/20/33		1,119,695		1,137,581
6.000%, 10/20/33		1,843,023		1,877,358
6.000%, 11/20/33		2,517,739		2,557,959
6.000%, TBA		82,000,000		83,088,620
6.500%, 07/15/28		100,198		103,262
6.500%, 05/15/29		191,596		197,170
6.500%, 12/15/29		3,827		3,938
6.500%, 07/15/32		49,386		50,804
6.500%, 10/15/32		986,458		1,014,348
6.500%, 11/15/32		345,393		355,145
6.500%, 02/15/33		1,520,167		1,562,806

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-7

Metropolitan Series Fund, Inc.

BlackRock Bond Income Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Fixed Income—(Continued)

Security Description	Face Amount		Value
Federal Agencies—(Continued)
Government National Mortgage Association
6.500%, 04/15/33	$	264,078	$	271,411
6.500%, 06/15/34		989,104		1,017,013
6.500%, 08/15/34		7,766,278		7,966,700
6.500%, 09/15/34		17,270		17,733
6.500%, 02/15/35		11,071,614		11,351,171
6.500%, 07/15/35		290,896		298,429
6.500%, 12/15/35		8,548,957		8,760,404
6.500%, TBA		10,500,000		10,737,821
7.500%, 12/15/14		225,805		238,510
8.000%, 11/15/29		31,954		35,068
8.500%, 01/15/17		10,617		11,677
8.500%, 02/15/17		11,102		12,211
8.500%, 03/15/17		8,004		8,803
8.500%, 05/15/17		11,681		12,848
8.500%, 10/15/21		1,455		1,606
8.500%, 11/15/21		4,171		4,605
8.500%, 05/15/22		3,291		3,636
9.000%, 10/15/16		7,033		7,688
				940,688,873
Food & Staples Retailing—0.1%
Delhaize America, Inc. 9.000%, 04/15/31		1,000,000		1,049,751
Food Products—0.6%
Kraft Foods, Inc. 6.125%, 02/01/18		5,925,000		5,550,404
6.500%, 08/11/17 (a)		2,855,000		2,747,089
				8,297,493
Foreign Government—4.2%
Emirate of Abu Dhabi (144A) 5.500%, 08/02/12		11,600,000		12,197,927
Federal Republic of Germany 4.000%, 01/04/37 (EUR)		3,525,000		4,491,459
4.250%, 07/04/39 (EUR)		2,100,000		2,787,770
Israel Government AID Bond 5.500%, 12/04/23		4,725,000		5,118,026
Japan Government 1.170%, 11/20/21 (JPY) (a)		1,893,000,000		17,159,054
United Mexican States 7.250%, 12/15/16 (MXN) (a)		41,000,000		3,479,934
10.000%, 12/05/24 (MXN) (a)		137,180,000		14,188,909
				59,423,079
Health Care Providers & Services—0.1%
WellPoint, Inc. 5.950%, 12/15/34		1,750,000		1,456,215
Hotels, Restaurants & Leisure—0.1%
Harrah’s Operating Co., Inc. (144A) 10.750%, 02/01/18 (b)		3,600,000		1,548,000

Security Description	Face Amount		Value
Independent Power Producers & Energy Traders—0.0%
NRG Energy, Inc. 7.375%, 02/01/16	$	275,000	$	247,500
Insurance—0.8%
American International Group, Inc. (144A)
8.175%, 05/15/58		5,800,000		929,125
Berkshire Hathaway Finance Corp. 4.750%, 05/15/12 (b)		2,100,000		2,119,666
Chubb Corp. 6.375%, 03/29/67 (a)		2,775,000		2,116,143
Lincoln National Corp. 7.000%, 05/17/66 (a)		1,735,000		1,323,087
The Progressive Corp. 6.700%, 06/15/37 (a)		2,640,000		2,150,977
The Travelers Cos., Inc. 6.250%, 03/15/67 (a)		3,075,000		2,365,087
				11,004,085
Media—1.5%
Comcast Cable Communications Holdings, Inc.
8.375%, 03/15/13		1,330,000		1,394,891
Comcast Cable Communications, LLC 8.500%, 05/01/27		2,400,000		2,486,916
Comcast Corp. 6.500%, 01/15/17		1,200,000		1,127,825
6.950%, 08/15/37		4,250,000		3,625,050
7.050%, 03/15/33		1,775,000		1,591,948
Cox Communications, Inc. 7.125%, 10/01/12		4,600,000		4,686,788
CSC Holdings, Inc. 8.125%, 07/15/09		350,000		346,500
News America, Inc. 6.200%, 12/15/34		1,500,000		1,195,934
Time Warner Cable, Inc. 5.850%, 05/01/17		3,975,000		3,502,126
Time Warner Entertainment Co., L.P. 8.375%, 03/15/23		590,000		584,462
				20,542,440
Metals & Mining—0.3%
Freeport-McMoRan Copper & Gold, Inc. 8.250%, 04/01/15		1,250,000		1,228,125
8.375%, 04/01/17		2,410,000		2,373,850
				3,601,975
Office Electronics—0.1%
Xerox Corp. 6.875%, 08/15/11		1,450,000		1,461,006
Oil, Gas & Consumable Fuels—0.8%
Anadarko Petroleum Corp. 5.950%, 09/15/16		2,900,000		2,665,433
6.450%, 09/15/36		1,105,000		866,373
Canadian Natural Resources, Ltd. 6.250%, 03/15/38		1,850,000		1,426,776

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-8

Metropolitan Series Fund, Inc.

BlackRock Bond Income Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Fixed Income—(Continued)

Security Description	Face Amount		Value
Oil, Gas & Consumable Fuel—(Continued)
Enterprise Products Operating, L.P. 4.950%, 06/01/10	$	25,000	$	24,792
Newfield Exploration Co. 6.625%, 09/01/14 (b)		590,000		531,000
6.625%, 04/15/16		555,000		493,950
Sabine Pass LNG, L.P. 7.500%, 11/30/16 (b)		1,900,000		1,482,000
Transocean, Inc. 6.000%, 03/15/18 (b)		680,000		634,641
6.800%, 03/15/38		865,000		793,642
XTO Energy, Inc. 6.750%, 08/01/37		2,500,000		2,218,292
				11,136,899
Pharmaceuticals—0.6%
Bristol-Myers Squibb Co. 5.875%, 11/15/36		2,525,000		2,225,149
Wyeth 5.500%, 02/01/14		6,000,000		5,947,620
				8,172,769
Real Estate Investment Trusts—0.2%
AvalonBay Communities, Inc. 4.950%, 03/15/13		400,000		369,560
Simon Property Group, L.P. 4.600%, 06/15/10		1,000,000		982,961
5.100%, 06/15/15		1,000,000		883,459
				2,235,980
Real Estate Management & Development—0.0%
American Real Estate Partners, L.P. 8.125%, 06/01/12		225,000		191,250
Software—0.2%
Oracle Corp. 5.750%, 04/15/18		2,310,000		2,144,847
Wireless Telecommunication Services—0.3%
America Movil S.A. de C.V. 6.375%, 03/01/35		325,000		287,652
Rogers Wireless, Inc. 7.500%, 03/15/15		385,000		391,349
Sprint Nextel Corp. 6.000%, 12/01/16		1,100,000		847,000
Vodafone Group, Plc. 7.750%, 02/15/10		2,570,000		2,648,847
				4,174,848
Total Fixed Income (Identified Cost $1,792,135,094)				1,683,214,593

Preferred Stock—0.1%
Security Description	Shares		Value
Diversified Financial Services—0.1%
Citigroup, Inc. (b)		110,500	$	1,823,250
Total Preferred Stock (Identified Cost $2,762,500)				1,823,250
Short Term Investments—2.9%
Security Description	Face Amount/Shares		Value
Discount Notes—1.5%
Federal Home Loan Bank 0.068%, 10/01/08	$	300,000		300,000
0.600%, 10/09/08		5,000,000		4,999,167
2.370%, 10/16/08		7,200,000		7,198,800
Federal Home Loan Mortgage Corp. 2.430%, 11/04/08		8,800,000		8,782,962
				21,280,929
Mutual Funds—1.4%
State Street Navigator Securities Lending Prime Portfolio (d)		20,179,590		20,179,590
Total Short Term Investments (Identified Cost $41,460,519)				41,460,519
Total Investments—122.1% (Identified Cost $1,836,358,113) (e)				1,726,498,362
Liabilities in excess of other assets				(312,798,578	)
Total Net Assets—100%			$	1,413,699,784

(a) Variable or Floating Rate Security. Rate disclosed is as of September 30, 2008.

(b) A portion or all of the security was held on loan. As of September 30, 2008, the market value of securities loaned was $19,984,551 and the collateral received consisted of cash in the amount of $20,179,590. The cash collateral is invested in a money market fund managed by an affiliate of the custodian.

(c) Interest Only Certificate. This security receives monthly interest payments but is not entitled to principal payments.

(d) Represents investment of cash collateral received from securities lending transactions.

(e) The aggregate cost of investments for federal income tax purposes as of September 30, 2008 was $1,836,371,023 and the composition of unrealized appreciation and depreciation of investment securities was $15,488,924 and $(125,361,585), respectively.

(144A)— Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of September 30, 2008, the market value of 144A securities was $55,575,701, which is 3.9% of total net assets.

(TBA)— A contract for the purchase or sale of a Mortgage Backed Security to be delivered at a future date but does not include a specified pool or precise amount to be delivered.

(EUR)— Euro

(JPY)— Japanese Yen

(MXN)— Mexican Peso

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-9

Metropolitan Series Fund, Inc.

BlackRock Bond Income Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Forward Contracts
Forward Currency Contracts	Delivery Date	Local Currency Amount		Aggregate Face Value			Valuation as of 9/30/2008			Unrealized Appreciation/ Depreciation
Euro (Bought)	10/23/2008	655,000		$	962,562		$	923,941		$	(38,621	)
Euro (Sold)	10/23/2008	5,799,611			9,076,739			8,180,910			895,829
Japanese Yen (Sold)	10/23/2008	98,251,000			942,338			930,078			12,260
Japanese Yen (Sold)	10/23/2008	145,720,000			1,391,810			1,379,437			12,373
Japanese Yen (Sold)	10/10/2008	1,555,095,000			14,535,758			14,689,952			(154,194	)
Mexican Peso (Sold)	10/23/2008	101,790,500			10,123,371			9,255,593			867,778
Mexican Peso (Sold)	10/23/2008	89,301,500			8,710,387			8,119,995			590,392
Net Unrealized Appreciation										$	2,185,817
Futures Contracts
Futures Contracts-Long	Expiration Date	Number of Contracts		Contract Amount			Valuation as of 9/30/2008			Unrealized Appreciation/ Depreciation
German Government Bond 10 Year Futures	12/8/2008	134		$	21,519,902		$	21,711,260		$	191,358
United Kingdom Treasury Bonds Futures	12/29/2008	114			22,649,972			22,760,669			110,697
Eurodollar Futures	6/15/2009	331			80,507,772			80,234,400			(273,372	)
U.S. Treasury Bond Futures	12/19/2008	411			48,831,399			48,157,641			(673,758	)
U.S. Treasury Notes 5 Year Futures	12/31/2008	2,229			252,016,923			250,170,422			(1,846,501	)
Futures Contracts-Short
Eurodollar Futures	6/14/2010	(83	)		(19,968,909	)		(19,952,163	)		16,746
U.S. Treasury Notes 2 Year Futures	12/31/2008	(197	)		(41,833,099	)		(42,047,188	)		(214,089	)
U.S. Treasury Notes 10 Year Futures	12/19/2008	(1,189	)		(138,274,213	)		(136,289,125	)		1,985,088
Net Unrealized Depreciation										$	(703,831	)
TBA Sale Commitments
Federal Agencies							Face Amount			Value
Federal National Mortgage Association 4.500% (30 Year TBA)							$	(9,000,000	)	$	(8,510,625	)
5.500% (15 Year TBA)								(29,700,000	)		(29,932,016	)
5.500% (30 Year TBA)								(85,800,000	)		(85,558,730	)
6.000% (30 Year TBA)								(51,800,000	)		(52,463,662	)
6.500% (30 Year TBA)								(40,800,000	)		(41,832,730	)
Federal Home Loan Mortgage Corp 5.000% (30 Year TBA)								(14,700,000	)		(14,318,711	)
5.500% (15 Year TBA)								(27,800,000	)		(27,973,750	)
Government National Mortgage Association 6.500% (30 Year TBA)								(11,300,000	)		(11,564,849	)
Total TBA Sale Commitments (Proceeds Cost $(273,717,742))										$	(272,155,073	)

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-10

Metropolitan Series Fund, Inc.

BlackRock Bond Income Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

The Portfolio adopted the provisions of Statement of Financial Accounting Standards No. 157, “Fair Value Measurements” (FAS 157), effective with the beginning of the Portfolio’s fiscal year. FAS 157 establishes a framework for measuring fair value and expands disclosures about fair value measurements in financial statements. Management has evaluated the application of FAS 157 to the Portfolio, and has determined that the adoption of FAS 157 does not have a material impact on the Portfolio’s financial statements. The three levels of the hierarchy under FAS 157 are described below:

Level 1—quoted prices in active markets for identical securities

Level 2—other significant observable inputs (including quoted prices for similar securities, interest rates, credit risk, etc.)

Level 3—significant unobservable inputs (including the Adviser and Subadvisor’s own assumptions in determining the fair value of investments)

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

The following is a summary of the inputs used to value the Portfolio’s net assets as of September 30, 2008:

Valuation Inputs	Investments In Securities		Other Financial Instruments*
Level 1—Quoted Prices	$	48,463,705	$	1,481,987
Level 2—Other Significant Observable Inputs		1,678,034,129		0
Level 3—Significant Unobservable Inputs		528		0
Total	$	1,726,498,362	$	1,481,987

* Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures, forwards, swap contracts and written options, which are valued based on the unrealized appreciation/depreciation on the instrument.

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-11

Metropolitan Series Fund, Inc.

BlackRock Diversified Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Common Stock—57.0% of Total Net Assets

Security Description	Shares	Value
Aerospace & Defense—2.7%
General Dynamics Corp.	70,000	$	5,153,400
L-3 Communications Holdings, Inc.	17,200		1,691,104
Lockheed Martin Corp.	96,000		10,528,320
Northrop Grumman Corp.	50,000		3,027,000
Raytheon Co.	178,000		9,524,780
United Technologies Corp.	130,000		7,807,800
			37,732,404
Auto Components—0.2%
Autoliv, Inc.	69,000		2,328,750
Biotechnology—2.2%
Amgen, Inc. (a)	217,000		12,861,590
Biogen Idec, Inc. (a)	147,000		7,392,630
Gilead Sciences, Inc. (a)	223,000		10,164,340
			30,418,560
Chemicals—0.6%
FMC Corp.	61,000		3,134,790
The Mosaic Co.	73,000		4,965,460
			8,100,250
Commercial Services & Supplies—0.2%
R.R. Donnelley & Sons Co.	140,000		3,434,200
Communications Equipment—0.1%
Cisco Systems, Inc. (a)	57,000		1,285,920
Computers & Peripherals—3.0%
Hewlett-Packard Co.	342,000		15,814,080
International Business Machines Corp.	163,000		19,064,480
Western Digital Corp. (a)	324,000		6,907,680
			41,786,240
Construction & Engineering—0.6%
Fluor Corp.	143,000		7,965,100
Consumer Finance—0.6%
Capital One Financial Corp. (b)	177,000		9,027,000
Containers & Packaging—0.4%
Packaging Corp. of America	230,000		5,331,400
Diversified Consumer Services—0.2%
H&R Block, Inc.	131,000		2,980,250
Diversified Financial Services—0.4%
Bank of America Corp.	87,000		3,045,000
JPMorgan Chase & Co.	65,000		3,035,500
			6,080,500
Diversified Telecommunication Services—0.4%
AT&T, Inc.	136,000		3,797,120
CenturyTel, Inc.	40,000		1,466,000
			5,263,120

Security Description	Shares	Value
Electrical Equipment—0.2%
Roper Industries, Inc. (b)	40,000	$	2,278,400
Electronic Equipment & Instruments—0.3%
Jabil Circuit, Inc.	344,000		3,281,760
Mettler Toledo International, Inc. (a)	14,700		1,440,600
			4,722,360
Energy Equipment & Services—0.6%
ENSCO International, Inc. (b)	151,000		8,702,130
Food & Staples Retailing—1.9%
The Kroger Co.	342,000		9,398,160
Wal-Mart Stores, Inc.	289,000		17,308,210
			26,706,370
Health Care Equipment & Supplies—1.4%
Baxter International, Inc.	167,000		10,960,210
St. Jude Medical, Inc. (a)	213,000		9,263,370
			20,223,580
Health Care Providers & Services—3.0%
Aetna, Inc.	94,000		3,394,340
AmerisourceBergen Corp.	30,700		1,155,855
Express Scripts, Inc. (a)	132,000		9,744,240
McKesson Corp.	151,800		8,168,358
Medco Health Solutions, Inc. (a)	203,000		9,135,000
WellPoint, Inc. (a)	214,000		10,008,780
			41,606,573
Hotels, Restaurants & Leisure—0.9%
McDonald’s Corp.	210,000		12,957,000
Household Products—0.5%
Procter & Gamble Co.	91,000		6,341,790
Independent Power Producers & Energy Traders—0.3%
NRG Energy, Inc. (a)	140,000		3,465,000
Industrial Conglomerates—0.6%
General Electric Co.	355,000		9,052,500
Insurance—2.6%
Marsh & McLennan Cos., Inc.	65,000		2,064,400
The Allstate Corp.	216,000		9,961,920
The Chubb Corp.	179,000		9,827,100
The Travelers Cos., Inc.	210,000		9,492,000
Transatlantic Holdings, Inc. (b)	21,400		1,163,090
W.R. Berkley Corp.	144,275		3,397,676
			35,906,186
IT Services—0.2%
Computer Sciences Corp. (a)	54,500		2,190,355

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-12

Metropolitan Series Fund, Inc.

BlackRock Diversified Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Common Stock—(Continued)

Security Description	Shares	Value
Machinery—1.3%
Caterpillar, Inc.	171,000	$	10,191,600
Cummins, Inc.	194,000		8,481,680
			18,673,280
Media—1.2%
DreamWorks Animation SKG, Inc. (a)	104,000		3,270,800
Omnicom Group, Inc.	52,000		2,005,120
The Walt Disney Co.	379,000		11,631,510
			16,907,430
Metals & Mining—0.7%
Reliance Steel & Aluminum Co.	110,000		4,176,700
United States Steel Corp.	75,000		5,820,750
			9,997,450
Office Electronics—0.1%
Xerox Corp.	89,100		1,027,323
Oil, Gas & Consumable Fuels—10.7%
Apache Corp.	98,000		10,219,440
Chevron Corp.	238,000		19,630,240
ConocoPhillips	224,000		16,408,000
Devon Energy Corp.	112,000		10,214,400
Exxon Mobil Corp.	472,000		36,655,520
Hess Corp.	112,000		9,192,960
Marathon Oil Corp.	229,000		9,130,230
Murphy Oil Corp.	134,000		8,594,760
Noble Energy, Inc.	110,000		6,114,900
Occidental Petroleum Corp.	163,000		11,483,350
Sunoco, Inc. (b)	170,000		6,048,600
Valero Energy Corp.	209,000		6,332,700
			150,025,100
Personal Products—0.6%
The Estee Lauder Cos., Inc. (Class A)	166,000		8,285,060
Pharmaceuticals—4.8%
Eli Lilly & Co.	245,000		10,787,350
Forest Laboratories, Inc. (a)	220,000		6,221,600
Johnson & Johnson	312,000		21,615,360
Merck & Co., Inc.	367,000		11,582,520
Pfizer, Inc.	947,000		17,462,680
			67,669,510
Road & Rail—0.7%
CSX Corp.	172,000		9,386,040
Semiconductors & Semiconductor Equipment—6.7%
Altera Corp. (a)	437,000		9,037,160
Analog Devices, Inc.	303,000		7,984,050
Broadcom Corp. (a)	469,000		8,737,470
Integrated Device Technology, Inc. (a)	460,000		3,578,800
Intel Corp.	835,000		15,639,550
Intersil Corp.	274,000		4,542,920

Security Description	Shares		Value
Semiconductors & Semiconductor Equipment—(Continued)
KLA-Tencor Corp. (b)		230,000	$	7,279,500
Linear Technology Corp. (b)		280,000		8,584,800
Microchip Technology, Inc.		200,000		5,886,000
Silicon Laboratories, Inc. (a)		110,000		3,377,000
Texas Instruments, Inc.		443,000		9,524,500
Xilinx, Inc. (b)		391,000		9,168,950
				93,340,700
Software—3.2%
Adobe Systems, Inc. (a)		35,000		1,381,450
Autodesk, Inc.		210,000		7,045,500
BMC Software, Inc. (a)		46,100		1,319,843
CA, Inc.		57,200		1,141,712
Intuit, Inc. (a)		61,000		1,928,210
McAfee, Inc. (a)		46,100		1,565,556
Microsoft Corp.		248,000		6,619,120
Oracle Corp. (a)		655,000		13,303,050
Symantec Corp. (a)		488,000		9,555,040
Synopsys, Inc. (a)		53,100		1,059,345
				44,918,826
Specialty Retail—1.8%
AutoZone, Inc. (a)		21,400		2,639,476
Best Buy Co., Inc. (b)		131,000		4,912,500
The Gap, Inc.		473,000		8,409,940
TJX Cos., Inc. (b)		292,000		8,911,840
				24,873,756
Textiles, Apparel & Luxury Goods—1.1%
Nike, Inc.		146,000		9,767,400
Polo Ralph Lauren Corp.		86,000		5,731,040
				15,498,440
Total Common Stock (Identified Cost $883,861,982)				796,488,853
Fixed Income—49.8%
Security Description	Face Amount		Value
Aerospace & Defense—0.0%
L-3 Communications Corp. 5.875%, 01/15/15	$	150,000		135,750
6.375%, 10/15/15		75,000		69,000
				204,750
Asset Backed—2.2%
Ares VIII CLO, Ltd. (144A) 5.461%, 02/26/16 (c)		1,150,000		826,885
Chase Issuance Trust 4.260%, 05/15/13		4,695,000		4,574,665
5.120%, 10/15/14		4,500,000		4,389,475
Countrywide Asset-Backed Certificates 3.357%, 07/25/36 (c)		3,351,000		2,834,450
4.932%, 12/25/31 (c)		63,467		38,475

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-13

Metropolitan Series Fund, Inc.

BlackRock Diversified Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Fixed Income—(Continued)

Security Description	Face Amount		Value
Asset Backed—(Continued)
Ford Credit Auto Owner Trust 5.070%, 12/15/10	$	4,150,000	$	4,104,074
GE Business Loan Trust (144A) 3.788%, 04/15/31 (c)		471,491		306,158
Home Equity Asset Trust 3.317%, 07/25/37 (c)		1,502,111		1,390,994
Knollwood CDO, Ltd. (144A) 5.991%, 02/08/39 (c)		413,443		388
Long Beach Mortgage Loan Trust 4.307%, 03/25/34 (c)		894,680		690,335
SLM Student Loan Trust 3.900%, 10/25/16 (c)		6,010,000		6,010,000
4.100%, 01/25/28 (c)		1,520,000		1,513,350
4.500%, 07/25/23 (c)		4,100,000		4,089,110
Structured Asset Investment Loan Trust 6.132%, 04/25/33 (c)		40,741		8,596
				30,776,955
Capital Markets—0.4%
Lehman Brothers Holdings, Inc. 5.250%, 02/06/12		1,310,000		163,750
6.500%, 07/19/17		900,000		1,125
6.750%, 12/28/17		2,075,000		2,594
Morgan Stanley 3.041%, 01/09/12 (c)		6,605,000		4,368,322
6.250%, 08/28/17		675,000		418,528
6.750%, 04/15/11		550,000		407,063
The Bear Stearns Cos., Inc. 3.186%, 07/19/10 (c)		790,000		774,179
				6,135,561
Commercial Banks—1.2%
Barclays Bank, Plc. (144A) 7.434%, 09/29/49 (c)		2,585,000		2,105,004
JPMorgan Chase Bank, N.A. 6.000%, 07/05/17		2,500,000		2,283,043
NationsBank Corp. 7.800%, 09/15/16		925,000		882,718
Royal Bank of Scotland Group, Plc. 7.640%, 03/31/49 (c)		2,000,000		1,490,036
UBS AG Stamford Branch 5.750%, 04/25/18		2,200,000		1,968,901
5.875%, 12/20/17		3,375,000		2,996,740
Wachovia Bank, N.A. 6.600%, 01/15/38		2,150,000		1,273,761
Wachovia Corp. 7.980%, 12/31/49 (c)		2,875,000		1,201,578
Wells Fargo & Co. 4.625%, 08/09/10		1,710,000		1,702,917
4.875%, 01/12/11		590,000		588,146
				16,492,844
Commercial Mortgage-Backed Securities—10.7%
American Home Mortgage Assets
3.397%, 11/25/36 (c)		631,292		383,225

Security Description	Face Amount		Value
Commercial Mortgage-Backed Securities—(Continued)
Banc of America Commercial Mortgage, Inc.
5.118%, 07/11/43	$	5,365,000	$	5,158,444
5.143%, 11/10/42 (c)		3,630,000		3,488,585
7.333%, 10/15/09		3,417,114		3,435,474
Bear Stearns Commercial Mortgage Securities, Inc.
4.361%, 06/11/41		1,943,659		1,918,751
4.674%, 06/11/41		930,000		826,982
5.742%, 09/11/42 (c)		3,875,000		3,319,231
5.920%, 10/15/36		1,037,088		1,033,583
5.998%, 06/25/47 (c)		4,469,928		3,340,769
Chase Commercial Mortgage Securities Corp.
7.319%, 10/15/32		1,406,192		1,428,921
Citigroup Mortgage Loan Trust, Inc.
5.889%, 06/10/17 (c)		1,750,000		1,357,145
Citigroup/Deutsche Bank Commercial Mortgage Trust
5.886%, 11/15/44		1,750,000		1,500,034
CitiMortgage Alternative Loan Trust
6.000%, 10/25/37		4,396,613		3,261,738
Commercial Mortgage Pass Through Certificates
6.010%, 12/10/49 (c)		4,310,000		3,708,383
Countrywide Alternative Loan Trust
3.378%, 03/20/47 (c)		1,880,701		1,124,169
3.815%, 08/25/46 (c)		712,489		420,309
5.500%, 04/25/37		2,226,724		1,578,711
Countrywide Home Loan Mortgage Pass Through Trust
3.407%, 04/25/46 (c)		811,159		489,391
6.500%, 10/25/37		2,294,596		1,801,976
Credit Suisse Mortgage Capital Certificates
5.311%, 12/15/39		4,000,000		3,467,217
6.000%, 10/25/21		1,108,732		796,555
CS First Boston Mortgage Securities Corp.
3.936%, 05/15/38 (c)		4,000,000		3,584,668
4.940%, 12/15/35		4,405,000		4,155,297
5.183%, 11/15/36		2,890,000		2,759,886
5.603%, 07/15/35		3,850,000		3,730,506
Deutsche ALT-A Securities, Inc.
3.407%, 02/25/47 (c)		938,764		558,512
First Union National Bank Commercial Mortgage
6.663%, 01/12/43		3,676,663		3,704,123
First Union National Bank Commercial Mortgage Trust (144A)
7.793%, 12/15/31 (c)		3,700,000		3,760,007
GE Capital Commercial Mortgage Corp.
4.578%, 06/10/48		3,480,000		3,294,032
GE Capital Commercial Mortgage Corp.
4.996%, 12/10/37		4,340,000		4,116,159
6.269%, 12/10/35		3,440,000		3,416,136
GMAC Commercial Mortgage Securities, Inc.
7.455%, 08/16/33		2,987,129		3,035,445
Greenwich Capital Commercial Funding Corp.
5.478%, 04/10/37 (c)		1,120,000		892,344
6.112%, 07/10/38 (c)		3,280,000		2,980,392
GS Mortgage Securities Corp. II
5.560%, 11/10/39 (c)		1,455,000		1,287,237
GSR Mortgage Loan Trust
3.397%, 08/25/46 (c)		2,027,050		1,231,646
5.248%, 11/25/35 (c)		1,964,069		1,688,064

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-14

Metropolitan Series Fund, Inc.

BlackRock Diversified Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Fixed Income—(Continued)

Security Description	Face Amount		Value
Commercial Mortgage-Backed Securities—(Continued)
Harborview Mortgage Loan Trust
3.360%, 09/19/35 (c)	$	212,544	$	137,127
3.240%, 11/19/36 (c)		1,397,564		836,927
3.340%, 11/19/35 (c)		1,806,454		1,149,753
Indymac INDA Mortgage Loan Trust
5.931%, 09/25/36 (c)		1,401,364		1,060,983
JPMorgan Chase Commercial Mortgage Securities Corp.
5.435%, 08/25/35 (c)		9,931,428		8,644,794
5.827%, 02/15/51 (c)		1,390,000		1,302,300
5.992%, 06/15/49 (c)		1,700,000		1,599,801
JPMorgan Commercial Mortgage Finance Corp.
7.351%, 09/15/29		719,348		721,066
JPMorgan Mortgage Trust
3.885%, 08/25/34 (c)		3,718,528		3,392,327
5.500%, 03/25/22		459,806		426,614
5.875%, 07/25/36		518,937		486,990
LB-UBS Commercial Mortgage Trust
4.023%, 09/15/26		940,346		927,252
4.071%, 09/15/26		1,456,584		1,413,276
5.372%, 09/15/39		1,570,000		1,374,252
5.430%, 02/15/40 (c)		2,800,000		2,348,580
5.642%, 12/15/25 (c)		1,672,026		1,664,721
5.934%, 12/15/25		1,517,336		1,514,441
7.950%, 05/15/25 (c)		3,525,686		3,592,051
LB-UBS Commercial Mortgage Trust (144A)
6.155%, 07/14/16		2,074,201		2,076,494
Morgan Stanley Capital I
5.693%, 10/15/42		1,130,000		1,095,519
5.803%, 06/11/42 (c)		5,925,000		5,136,951
5.811%, 04/12/49 (c)		620,000		579,776
6.077%, 06/11/49 (c)		4,550,000		3,937,987
Residential Accredit Loans, Inc.
2.611%, 02/25/47 (c) (e)		1		0
Salomon Brothers Mortgage Securities VII, Inc.
6.499%, 10/13/11		3,754,932		3,762,547
Wachovia Bank Commercial Mortgage Trust
5.368%, 11/15/48 (c)		430,000		324,156
5.632%, 10/15/48 (c)		430,000		312,873
5.678%, 05/15/46 (c)		1,065,000		894,056
6.100%, 02/15/51 (c)		1,895,000		1,630,422
WaMu Mortgage Pass Through Certificates
3.605%, 06/25/47 (c)		1,624,700		939,228
3.625%, 05/25/47 (c)		927,444		537,970
4.919%, 08/25/35 (c)		1,569,519		1,445,329
5.711%, 02/25/37 (c)		2,165,841		1,594,367
WaMu Mortgage Pass-Through Certificates
5.662%, 03/25/37 (c)		5,488,048		4,196,928
Wells Fargo Mortgage Backed Securities Trust
6.100%, 09/25/36 (c)		1,410,126		1,176,050
				150,267,955
Computers & Peripherals—0.1%
International Business Machines Corp.
5.700%, 09/14/17		1,420,000		1,375,523

Security Description	Face Amount		Value
Consumer Finance—0.2%
SLM Corp.
4.000%, 01/15/09	$	700,000	$	574,000
5.125%, 08/27/12		1,700,000		1,105,000
5.400%, 10/25/11		890,000		623,000
				2,302,000
Diversified Financial Services—2.6%
AES Ironwood, LLC
8.857%, 11/30/25		119,616		119,616
AES Red Oak, LLC
9.200%, 11/30/29		50,000		48,750
Bank of America Corp.
5.650%, 05/01/18		785,000		661,199
5.750%, 12/01/17		1,820,000		1,543,338
8.000%, 12/29/49 (c)		2,570,000		2,035,098
8.125%, 12/29/49 (c)		2,100,000		1,696,674
Bank of America N.A.
5.300%, 03/15/17		975,000		809,932
Citigroup Capital XXI
8.300%, 12/21/57 (c)		2,230,000		1,661,486
Citigroup, Inc.
4.125%, 02/22/10		2,000,000		1,845,736
5.300%, 10/17/12		4,075,000		3,627,663
Compton Petroleum Finance Corp.
7.625%, 12/01/13		35,000		30,712
Credit Suisse Guernsey, Ltd.
5.860%, 05/29/49 (c)		2,460,000		1,862,385
Devon Financing Corp.
7.875%, 09/30/31		575,000		583,893
Gaz Capital (Gazprom) (144A)
7.288%, 08/16/37		1,060,000		752,600
General Electric Capital Corp.
5.000%, 11/15/11		7,320,000		7,083,652
5.000%, 04/10/12		1,080,000		1,009,897
6.150%, 08/01/37		1,610,000		1,232,680
6.375%, 11/15/67 (c)		1,700,000		1,375,592
GlaxoSmithKline Capital, Inc.
4.850%, 05/15/13		1,450,000		1,423,501
Goldman Sachs Capital II
5.793%, 12/29/49 (c)		1,510,000		663,358
JPMorgan Chase & Co.
7.900%, 12/31/49 (c)		1,775,000		1,494,337
JPMorgan Chase Capital
6.800%, 10/01/37		3,380,000		2,590,953
Lehman Brothers Holdings Capital Trust VII
5.857%, 11/29/49 (c)		305,000		31
Petrobras International Finance Co.
5.875%, 03/01/18		570,000		518,063
Telecom Italia Capital S.A.
5.250%, 10/01/15		975,000		811,590
Wind Acquisition Finance S.A. (144A)
10.750%, 12/01/15		295,000		289,100
ZFS Finance USA Trust I (144A)
6.500%, 05/09/37 (c)		900,000		603,000
				36,374,836

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-15

Metropolitan Series Fund, Inc.

BlackRock Diversified Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Fixed Income—(Continued)

Security Description	Face Amount		Value
Diversified Telecommunication Services—0.3%
AT&T, Inc.
6.500%, 09/01/37	$	2,850,000	$	2,424,438
Cincinnati Bell, Inc.
7.250%, 07/15/13		50,000		45,000
GTE Corp.
6.940%, 04/15/28		100,000		84,851
Qwest Communications International, Inc.
7.500%, 02/15/14		315,000		272,475
Qwest Communications International, Inc. (Series B)
7.500%, 02/15/14		155,000		134,075
Qwest Corp.
6.069%, 06/15/13 (c)		285,000		242,250
Windstream Corp.
8.125%, 08/01/13		410,000		389,500
8.625%, 08/01/16		115,000		106,088
				3,698,677
Electric Utilities—0.4%
CenterPoint Energy, Inc.
7.250%, 09/01/10		345,000		349,651
Elwood Energy, LLC
8.159%, 07/05/26		115,970		106,265
Florida Power & Light Co.
5.625%, 04/01/34		300,000		267,588
5.950%, 02/01/38		1,125,000		1,044,551
Florida Power Corp.
6.400%, 06/15/38		525,000		497,138
MidAmerican Energy Holdings Co.
5.950%, 05/15/37		1,125,000		920,891
6.500%, 09/15/37 (c)		725,000		636,086
PECO Energy Co.
4.750%, 10/01/12		650,000		628,752
Southern California Edison Co.
5.950%, 02/01/38		475,000		432,402
Texas Competitive Electric Holdings Co., LLC (144A)
10.250%, 11/01/15		1,365,000		1,231,912
				6,115,236
Energy Equipment & Services—0.0%
Tennessee Gas Pipeline Co.
7.000%, 10/15/28 (b)		190,000		162,821
Federal Agencies—27.9%
Federal Home Loan Bank
5.000%, 06/01/38		9,000,000		8,772,528
5.125%, 08/15/19		6,525,000		6,632,826
5.202%, 12/01/35 (c)		3,398,631		3,444,589
5.500%, 08/01/38		2,494,159		2,482,892
5.500%, 09/01/38		6,000,000		5,972,898
5.625%, 06/13/16		1,640,000		1,503,895
6.000%, 08/01/38		5,962,835		6,041,831
6.000%, 09/01/38		9,927,000		10,058,514
6.500%, 12/01/37		15,941,346		16,363,363
Federal Home Loan Mortgage Corp.
3.925%, 06/01/34 (c)		5,090,914		5,103,197

Security Description	Face Amount		Value
Federal Agencies—(Continued)
4.063%, 09/15/33 (c) (d)	$	36,449,370	$	3,290,737
4.500%, TBA		11,000,000		10,704,375
5.000%, 06/01/36		943,320		919,773
5.500%, 04/15/26		2,214,998		2,246,419
5.500%, 07/01/33		3,002,377		2,997,259
5.500%, 10/01/35		665,005		662,417
5.500%, 03/01/37		5,284,559		5,260,688
5.500%, 06/01/37		454,163		452,112
5.500%, TBA		14,500,000		14,422,976
5.675%, 01/01/37 (c)		2,611,140		2,649,993
5.740%, 04/01/37 (c)		3,021,155		3,058,965
6.000%, TBA		2,000,000		2,034,376
Federal National Mortgage Association
4.000%, 04/01/23		1,174,971		1,118,404
4.000%, 05/01/23		1,880,804		1,781,768
4.500%, 08/01/35		3,037,646		2,877,882
4.500%, TBA		2,600,000		2,535,484
4.918%, 06/01/38 (c)		3,506,027		3,471,138
5.000%, 06/01/23		1,407,507		1,385,016
5.000%, 08/01/34		4,801,862		4,694,002
5.000%, 07/01/35		203,598		198,706
5.000%, 12/01/35		304,502		297,187
5.000%, 02/01/36		3,948,010		3,853,161
5.000%, 05/01/36		27,827,701		27,159,151
5.000%, 07/01/36 (d)		5,997,427		1,181,766
5.000%, TBA		22,200,000		21,819,182
5.125%, 01/02/14 (b)		1,350,000		1,344,371
5.500%, 10/01/18		965,126		980,668
5.500%, 12/01/18		631,862		642,037
5.500%, 01/01/19		1,068,197		1,085,398
5.500%, 03/01/19		23,015		23,386
5.500%, 05/01/19		1,355,675		1,380,048
5.500%, 07/01/19		431,668		437,540
5.500%, 09/01/19		9,987,089		10,162,305
5.500%, 06/01/20		1,345,525		1,369,714
5.500%, 07/01/20		3,383,577		3,438,062
5.500%, 01/01/21		87,470		88,304
5.500%, 02/01/21		180,344		182,064
5.500%, 01/01/24		806,563		810,102
5.500%, 11/01/34		5,105,127		5,101,211
5.500%, 04/01/35		1,482,017		1,479,954
5.500%, 06/01/35		1,522,865		1,520,746
5.500%, 11/01/35 (d)		4,815,053		1,055,768
5.500%, 12/01/35		8,066,130		8,057,758
5.500%, 01/01/36		13,038,140		13,022,279
5.500%, 01/25/36 (d)		1,878,395		412,201
5.500%, 12/01/36 (c)		15,286,260		15,264,981
5.500%, 05/01/38		8,000,000		7,983,864
5.500%, 08/01/38		2,600,002		2,594,757
5.503%, 09/01/38 (c)		3,445,756		3,448,313
6.000%, 04/01/16		376,428		387,114
6.000%, 03/01/21		143,398		146,245
6.000%, 05/01/21		770,065		785,353
6.000%, 06/01/21		81,049		82,659
6.000%, 07/01/21		1,007,179		1,027,175
6.000%, 08/01/21		1,059,435		1,080,468

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-16

Metropolitan Series Fund, Inc.

BlackRock Diversified Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Fixed Income—(Continued)

Security Description	Face Amount		Value
Federal Agencies—(Continued)
Federal National Mortgage Association
6.000%, 02/01/34	$	2,258,708	$	2,298,513
6.000%, 08/01/34		1,338,343		1,361,929
6.000%, 04/01/35		5,360,865		5,458,690
6.000%, 02/01/36		1,563,625		1,585,562
6.000%, 06/01/36		3,712,594		3,764,679
6.000%, 07/01/36		6,860,884		6,957,138
6.000%, 09/01/36		4,515,014		4,578,357
6.000%, 10/01/37		4,208,259		4,264,391
6.250%, 02/01/11		3,285,000		3,436,011
6.500%, 12/01/29 (c)		818,451		847,709
6.500%, 08/01/36		769,737		790,157
7.000%, 04/01/37		2,628,708		2,745,603
8.500%, 02/01/09		2		2
9.000%, 04/01/16		97		98
Government National Mortgage Association
5.000%, 10/20/33		5,279,674		5,164,593
5.500%, 04/15/33		385,037		386,497
5.500%, TBA		22,800,000		22,745,203
6.000%, 02/15/09		4,334		4,350
6.000%, 09/20/33		805,009		817,869
6.000%, 10/20/33		1,308,922		1,333,307
6.000%, 11/20/33		1,789,337		1,817,920
6.000%, 12/20/37		1,110,042		1,126,287
6.000%, TBA		26,700,000		27,072,258
6.500%, 07/15/14		21,706		22,649
6.500%, 07/15/31		4,588,686		4,718,087
6.500%, 10/15/32		440,616		452,983
6.500%, 06/15/34		4,498,127		4,625,156
6.500%, 08/15/34		3,441,873		3,530,696
6.500%, TBA		4,400,000		4,499,687
7.500%, 12/15/14		402,619		425,271
				389,675,967
Food Products—0.3%
Kraft Foods, Inc.
6.125%, 02/01/18		1,950,000		1,826,715
6.500%, 08/11/17		1,830,000		1,760,832
				3,587,547
Foreign Government—1.8%
Emirate of Abu Dhabi (144A)
5.500%, 08/02/12		4,600,000		4,837,109
Federal Republic of Germany
4.000%, 01/04/37 (EUR)		1,525,000		1,943,113
4.250%, 07/04/39 (EUR)		850,000		1,128,383
Israel Government AID Bond
5.500%, 12/04/23		3,175,000		3,439,097
Japan Government
1.170%, 11/20/21 (JPY) (c)		715,000,000		6,481,101
United Mexican States
7.250%, 12/15/16 (MXN)		17,000,000		1,442,899
10.000%, 12/05/24 (MXN)		56,820,000		5,876,782
				25,148,484

Security Description	Face Amount		Value
Health Care Providers & Services—0.0%
WellPoint, Inc.
5.950%, 12/15/34	$	700,000	$	582,486
Hotels, Restaurants & Leisure—0.1%
Caesars Entertainment, Inc.
7.875%, 03/15/10 (b)		950,000		738,625
Harrah’s Operating Co., Inc. (144A)
10.750%, 02/01/18 (b)		1,600,000		688,000
				1,426,625
Independent Power Producers & Energy Traders—0.0%
NRG Energy, Inc.
7.375%, 02/01/16		170,000		153,000
Insurance—0.2%
American International Group, Inc. (144A)
8.175%, 05/15/58		2,450,000		392,475
Chubb Corp.
6.375%, 03/29/67 (c)		1,100,000		838,831
Lincoln National Corp.
6.050%, 04/20/67		675,000		445,500
7.000%, 05/17/66 (c)		640,000		488,055
The Progressive Corp.
6.700%, 06/15/37 (c)		1,040,000		847,355
The Travelers Cos., Inc.
6.250%, 03/15/67 (c)		735,000		565,314
				3,577,530
Media—0.7%
Comcast Cable Communications Holdings, Inc.
8.375%, 03/15/13		650,000		681,713
Comcast Corp.
6.500%, 11/15/35		555,000		463,383
6.950%, 08/15/37		1,150,000		980,896
7.050%, 03/15/33		275,000		246,640
CSC Holdings, Inc.
8.125%, 07/15/09		135,000		133,650
News America, Inc.
6.200%, 12/15/34		640,000		510,265
TCI Communications, Inc.
7.875%, 02/15/26		1,300,000		1,251,750
Time Warner Cable, Inc.
6.200%, 07/01/13		2,850,000		2,764,922
Time Warner Entertainment Co., L.P.
8.375%, 03/15/23		350,000		346,715
Time Warner, Inc.
6.875%, 05/01/12		1,875,000		1,859,055
				9,238,989
Metals & Mining—0.1%
Freeport-McMoRan Copper & Gold, Inc.
8.250%, 04/01/15		485,000		476,512
8.375%, 04/01/17		965,000		950,525

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-17

Metropolitan Series Fund, Inc.

BlackRock Diversified Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Fixed Income—(Continued)

Security Description	Face Amount		Value
Metals & Mining—(Continued)
Ispat Inland, U.L.C.
9.750%, 04/01/14	$	155,000	$	163,848
				1,590,885
Office Electronics—0.1%
Xerox Corp.
6.875%, 08/15/11		975,000		982,400
Oil, Gas & Consumable Fuels—0.2%
Canadian Natural Resources, Ltd.
6.250%, 03/15/38		800,000		616,984
Newfield Exploration Co.
6.625%, 09/01/14 (b)		395,000		355,500
6.625%, 04/15/16		375,000		333,750
Sabine Pass LNG, L.P.
7.500%, 11/30/16 (b)		700,000		546,000
Transocean, Inc.
6.000%, 03/15/18		295,000		275,322
6.800%, 03/15/38		385,000		353,240
XTO Energy, Inc.
6.750%, 08/01/37		900,000		798,585
				3,279,381
Pharmaceuticals—0.1%
Bristol-Myers Squibb Co.
5.875%, 11/15/36		950,000		837,185
Real Estate Management & Development—0.0%
American Real Estate Partners, L.P.
8.125%, 06/01/12		145,000		123,250
Road & Rail—0.0%
United Parcel Service, Inc.
6.200%, 01/15/38		395,000		367,372
Software—0.1%
Oracle Corp.
5.750%, 04/15/18		980,000		909,935
Wireless Telecommunication Services—0.1%
Rogers Wireless, Inc.
7.500%, 03/15/15		240,000		243,958
Vodafone Group, Plc.
6.150%, 02/27/37		650,000		522,021
7.750%, 02/15/10		665,000		685,402
				1,451,381
Total Fixed Income (Identified Cost $741,762,393)				696,839,575

Preferred Stock—0.1%
Security Description	Shares		Value
Diversified Financial Services—0.1%
Citigroup, Inc.		48,000	$	792,000
Total Preferred Stock (Identified Cost $1,200,000)				792,000
Short Term Investments—5.4%
Security Description	Shares/Face Amount		Value
Discount Notes—0.6%
Federal Home Loan Bank
0.068%, 10/01/08	$	900,000		900,000
0.600%, 10/09/08		2,900,000		2,899,517
0.080%, 10/14/08		4,000,000		3,999,494
Federal National Mortgage Association
2.150%, 11/04/08		600,000		598,827
				8,397,838
Mutual Funds—4.7%
State Street Navigator Securities Lending Prime Portfolio (f)		66,575,506		66,575,506
Repurchase Agreement—0.1%
State Street Repurchase Agreement dated 09/30/08 at 0.300% to be repurchased at $1,027,009 on 10/01/08, collateralized by $1,045,000 Federal Home Loan Bank due 01/08/09 with a value of $1,050,225.		1,027,000		1,027,000
Total Short Term Investments (Identified Cost $76,000,344)				76,000,344
Total Investments—112.3% (Identified Cost $1,702,824,719) (g)				1,570,120,772
Liabilities in excess of other assets				(172,113,935	)
Total Net Assets—100%			$	1,398,006,837

(a) Non-Income Producing.

(b) A portion or all of the security was held on loan. As of September 30, 2008, the market value of securities loaned was $69,151,783 and the collateral received consisted of cash in the amount of $66,575,506 and non-cash collateral with a value of $708,885. The cash collateral is invested in a money market fund managed by an affiliate of the custodian. The non-cash collateral received consists primarily of government securities and bank letters of credit, and are held for the benefit of the Portfolio at the Portfolio’s custodian.

(c) Variable or Floating Rate Security. Rate disclosed is as of September 30, 2008.

(d) Interest Only Certificate. This security receives monthly interest payments but is not entitled to principal payments.

(e) Zero Valued Security.

(f) Represents investment of cash collateral received from securities lending transactions.

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-18

Metropolitan Series Fund, Inc.

BlackRock Diversified Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

(g) The aggregate cost of investments for federal income tax purposes as of September 30, 2008 was $1,703,212,059 and the composition of unrealized appreciation and depreciation of investment securities was $43,194,592 and $(176,285,879), respectively.

(144A)— Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of September 30, 2008, the market value of 144A securities was $17,869,132, which is 1.3% of total net assets.

(TBA)— A contract for the purchase or sale of a Mortgage Backed Security to be delivered at a future date but does not include a specified pool or precise amount to be delivered.

(EUR)— Euro

(JPY)— Japanese Yen

(MXN)— Mexican Peso

Forward Contracts
Forward Currency Contracts	Delivery Date	Local Currency Amount		Aggregate Face Value			Valuation as of 9/30/2008			Unrealized Appreciation/ Depreciation
Euro (bought)	10/23/2008	52,100		$	82,203		$	73,518		$	(8,685	)
Euro (bought)	10/23/2008	280,000			411,477			395,108			(16,369	)
Euro (sold)	10/23/2008	2,531,675			3,962,223			3,572,442			389,781
Japenese Yen (sold)	10/10/2008	665,420,000			6,219,803			6,289,618			(69,815	)
Japenese Yen (sold)	10/23/2008	37,041			3,612,945			3,366,606			246,339
Japenese Yen (sold)	10/23/2008	10,022,500			95,728			94,928			800
Japenese Yen (sold)	10/23/2008	42,126,000			4,189,557			3,828,775			360,782
Net Unrealized Appreciation										$	902,833
Futures Contracts
Futures Contracts-Long	Expiration Date	Number of Contracts		Contract Amount			Valuation as of 9/30/2008			Unrealized Appreciation/ Depreciation
Eurodollar Futures	6/15/2009	313		$	76,273,690		$	75,871,200		$	(402,490	)
German Government Bond 10 Year Futures	12/8/2008	47			7,548,040			7,615,143			67,103
United Kingdom Treasury Bond Futures	12/29/2008	49			9,732,960			9,783,094			50,134
U.S. Treasury Notes 5 Year Futures	12/31/2008	970			109,574,216			108,867,344			(706,872	)
U.S. Treasury Bonds Futures	12/19/2008	175			20,640,787			20,505,078			(135,709	)
Futures Contracts-Short
Eurodollar Futures	6/14/2010	(35	)		(8,420,993	)		(8,413,563	)		7,430
U.S. Treasury Notes 2 Year Futures	12/31/2008	(277	)		(58,950,917	)		(59,122,188	)		(171,271	)
U.S. Treasury Notes 10 Year Futures	12/19/2008	(379	)		(44,164,668	)		(43,442,875	)		721,793
Net Unrealized Depreciation										$	(569,882	)

TBA Sale Commitments
Federal Agencies	Face Amount			Value
Federal National Mortgage Association
4.500% (30 Year TBA)	$	(3,000,000	)	$	(2,836,875	)
5.500% (15 Year TBA)		(15,100,000	)		(15,220,121	)
5.500% (30 Year TBA)		(19,600,000	)		(19,544,885	)
6.000% (15 Year TBA)		(3,000,000	)		(3,054,258	)
6.000% (30 Year TBA)		(26,100,000	)		(26,434,393	)
6.500% (30 Year TBA)		(6,100,000	)		(6,254,403	)
Federal Home Loan Mortgage Corp
5.000% (30 Tear TBA)		(6,900,000	)		(6,721,028	)
6.000% (30 Year TBA)		(5,500,000	)		(5,560,241	)
Government National Mortgage Association
6.500% (30 Year TBA)		(6,000,000	)		(6,150,003	)
Total TBA Sale Commitments (Proceeds Cost $(92,059,277))				$	(91,776,207	)

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-19

Metropolitan Series Fund, Inc.

BlackRock Diversified Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

The Portfolio adopted the provisions of Statement of Financial Accounting Standards No. 157, “Fair Value Measurements” (FAS 157), effective with the beginning of the Portfolio’s fiscal year. FAS 157 establishes a framework for measuring fair value and expands disclosures about fair value measurements in financial statements. Management has evaluated the application of FAS 157 to the Portfolio, and has determined that the adoption of FAS 157 does not have a material impact on the Portfolio’s financial statements. The three levels of the hierarchy under FAS 157 are described below:

Level 1—quoted prices in active markets for identical securities

Level 2—other significant observable inputs (including quoted prices for similar securities, interest rates, credit risk, etc.)

Level 3—significant unobservable inputs (including the Adviser and Subadvisor’s own assumptions in determining the fair value of investments)

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

The following is a summary of the inputs used to value the Portfolio’s net assets as of September 30, 2008:

Valuation Inputs	Investments In Securities		Other Financial Instruments*
Level 1—Quoted Prices	$	863,856,359	$	332,951
Level 2—Other Significant Observable Inputs		705,130,983		0
Level 3—Significant Unobservable Inputs		1,133,430		0
Total	$	1,570,120,772	$	332,951

* Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures, forwards, swap contracts and written options, which are valued based on the unrealized appreciation/depreciation on the instrument.

Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:

	Investments In Securities			Other Financial Instruments
Balance as of June 30, 2008	$	1,247,912		$	0
Transfers In (Out) of Level 3		0			0
Accrued discounts/premiums		0			0
Realized Gain (Loss)		0			0
Change in unrealized appreciation (depreciation)		(92,553	)		0
Net Purchases (Sales)		(21,929	)		0
Balance as of September 30, 2008	$	1,133,430		$	0

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-20

Metropolitan Series Fund, Inc.

BlackRock Large Cap Value Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Common Stock—100.2% of Total Net Assets

Security Description	Shares	Value
Aerospace & Defense—6.5%
General Dynamics Corp. (a)	131,000	$	9,644,220
L-3 Communications Holdings, Inc. (a)	69,000		6,784,080
Lockheed Martin Corp. (a)	13,100		1,436,677
Northrop Grumman Corp.	131,000		7,930,740
Raytheon Co.	146,000		7,812,460
United Technologies Corp.	116,000		6,966,960
			40,575,137
Biotechnology—2.6%
Amgen, Inc. (b)	231,000		13,691,371
Biogen Idec, Inc. (b)	48,000		2,413,920
			16,105,291
Capital Markets—1.1%
Ameriprise Financial, Inc.	186,000		7,105,200
Chemicals—1.1%
FMC Corp. (a)	75,000		3,854,250
The Mosaic Co.	46,000		3,128,920
			6,983,170
Commercial Banks—0.1%
Wells Fargo & Co.	17,000		638,010
Commercial Services & Supplies—0.9%
Manpower, Inc.	20,000		863,200
Steelcase, Inc.	77,800		836,350
Waste Management, Inc.	125,000		3,936,250
			5,635,800
Computers & Peripherals—3.2%
Hewlett-Packard Co.	115,000		5,317,600
International Business Machines Corp.	51,000		5,964,960
Lexmark International, Inc. (Class A) (a) (b)	14,000		455,980
QLogic Corp. (b)	263,000		4,039,680
Western Digital Corp. (b)	208,000		4,434,560
			20,212,780
Consumer Finance—1.3%
Capital One Financial Corp. (a)	161,000		8,211,000
Diversified Financial Services—1.8%
Bank of America Corp.	183,000		6,405,000
JPMorgan Chase & Co. (a)	106,000		4,950,200
			11,355,200
Diversified Telecommunication Services—2.4%
AT&T, Inc.	213,000		5,946,960
CenturyTel, Inc. (a)	130,000		4,764,500
Embarq Corp.	100,000		4,055,000
			14,766,460
Electronic Equipment & Instruments—1.0%
Arrow Electronics, Inc. (b)	133,000		3,487,260

Security Description	Shares	Value
Electronic Equipment & Instruments—(Continued)
Ingram Micro, Inc.	93,000	$	1,494,510
Jabil Circuit, Inc.	74,000		705,960
Tech Data Corp. (b)	14,000		417,900
			6,105,630
Energy Equipment & Services—2.1%
ENSCO International, Inc. (a)	112,000		6,454,560
Tidewater, Inc. (a)	120,000		6,643,200
			13,097,760
Food & Staples Retailing—3.7%
BJ’s Wholesale Club, Inc. (a) (b)	151,000		5,867,860
The Kroger Co.	290,000		7,969,200
Wal-Mart Stores, Inc.	156,000		9,342,840
			23,179,900
Food Products—1.4%
General Mills, Inc.	130,000		8,933,600
Health Care Providers & Services—4.6%
Aetna, Inc.	107,300		3,874,603
AmerisourceBergen Corp.	106,900		4,024,785
McKesson Corp. (a)	127,000		6,833,870
Medco Health Solutions, Inc. (b)	122,000		5,490,000
WellPoint, Inc. (b)	192,000		8,979,840
			29,203,098
Hotels, Restaurants & Leisure—1.2%
McDonald’s Corp.	122,000		7,527,400
Household Durables—2.1%
NVR, Inc. (a) (b)	1,000		572,000
Pulte Homes, Inc.	424,000		5,923,280
Toll Brothers, Inc. (a) (b)	263,000		6,635,490
			13,130,770
Household Products—0.3%
Procter & Gamble Co.	26,000		1,811,940
Independent Power Producers & Energy Traders—0.9%
NRG Energy, Inc. (a) (b)	237,000		5,865,750
Industrial Conglomerates—2.3%
General Electric Co.	570,000		14,535,000
Insurance—12.8%
ACE, Ltd. (a)	103,000		5,575,390
American Financial Group, Inc.	68,000		2,006,000
Arch Capital Group, Ltd. (b)	13,000		949,390
Cincinnati Financial Corp. (a)	121,000		3,441,240
Everest Re Group, Ltd.	5,000		432,650
HCC Insurance Holdings, Inc. (a)	238,000		6,426,000
Marsh & McLennan Cos., Inc.	250,000		7,940,000
PartnerRe, Ltd.	7,000		476,630
RenaissanceRe Holdings, Ltd.	9,000		468,000

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-21

Metropolitan Series Fund, Inc.

BlackRock Large Cap Value Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Common Stock—(Continued)

Security Description	Shares	Value
Insurance—(Continued)
The Allstate Corp.	213,000	$	9,823,560
The Chubb Corp. (a)	161,000		8,838,900
The Progressive Corp.	446,000		7,760,400
The Travelers Cos., Inc.	214,000		9,672,800
Torchmark Corp. (a)	115,000		6,877,000
Transatlantic Holdings, Inc.	23,500		1,277,225
UnumProvident Corp.	288,000		7,228,800
W.R. Berkley Corp. (a)	53,450		1,258,747
			80,452,732
Internet & Catalog Retail—0.6%
Expedia, Inc. (b)	266,000		4,019,260
IT Services—0.1%
Affiliated Computer Services, Inc. (Class A) (a) (b)	9,000		455,670
Leisure Equipment & Products—0.3%
Hasbro, Inc.	63,000		2,187,360
Machinery—0.8%
AGCO Corp.	105,000		4,474,050
Dover Corp.	10,000		405,500
Gardner Denver, Inc. (b)	10,000		347,200
			5,226,750
Media—1.6%
The Walt Disney Co.	335,000		10,281,150
Metals & Mining—2.3%
Freeport-McMoRan Copper & Gold, Inc.	111,000		6,310,350
Reliance Steel & Aluminum Co. (a)	99,000		3,759,030
United States Steel Corp.	53,000		4,113,330
			14,182,710
Office Electronics—0.5%
Xerox Corp. (a)	251,000		2,894,030
Oil, Gas & Consumable Fuels—21.1%
Apache Corp.	96,000		10,010,880
Chevron Corp.	307,000		25,321,360
ConocoPhillips	259,000		18,971,750
Devon Energy Corp. (a)	112,000		10,214,400
Exxon Mobil Corp.	554,000		43,023,639
Hess Corp. (a)	54,000		4,432,320
Marathon Oil Corp.	175,000		6,977,250
Noble Energy, Inc.	94,000		5,225,460
Occidental Petroleum Corp.	77,000		5,424,650
Valero Energy Corp.	89,000		2,696,700
			132,298,409
Pharmaceuticals—9.2%
Eli Lilly & Co.	164,000		7,220,920
Johnson & Johnson	323,000		22,377,440
King Pharmaceuticals, Inc. (b)	77,900		746,282
Merck & Co., Inc.	225,000		7,101,000

Security Description	Shares	Value
Pharmaceuticals—(Continued)
Pfizer, Inc.	1,100,000	$	20,284,000
			57,729,642
Road & Rail—1.0%
CSX Corp. (a)	110,000		6,002,700
Ryder System, Inc.	7,000		434,000
			6,436,700
Semiconductors & Semiconductor Equipment—3.6%
Integrated Device Technology, Inc. (b)	215,000		1,672,700
Intel Corp.	436,000		8,166,280
Intersil Corp. (a)	287,000		4,758,460
KLA-Tencor Corp. (a)	173,000		5,475,450
Novellus Systems, Inc. (a) (b)	143,000		2,808,520
			22,881,410
Software—2.5%
CA, Inc. (a)	47,000		938,120
Compuware Corp. (a) (b)	58,000		562,020
McAfee, Inc. (a) (b)	126,600		4,299,336
Symantec Corp. (b)	432,000		8,458,560
Synopsys, Inc. (b)	57,400		1,145,130
			15,403,166
Specialty Retail—2.2%
RadioShack Corp. (a)	368,000		6,359,040
The Gap, Inc. (a)	402,000		7,147,560
			13,506,600
Thrifts & Mortgage Finance—1.0%
Hudson City Bancorp, Inc. (a)	111,000		2,047,950
New York Community Bancorp, Inc.	257,000		4,315,030
			6,362,980
Total Common Stock (Identified Cost $702,668,278)			629,297,465
Short Term Investments—15.6%
Security Description	Shares/Face Amount	Value
Mutual Funds—15.5%
State Street Navigator Securities Lending Prime Portfolio (c)	97,878,713		97,878,713

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-22

Metropolitan Series Fund, Inc.

BlackRock Large Cap Value Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Short Term Investments—(Continued)

Security Description	Shares/Face Amount		Value
Repurchase Agreement—0.1%
State Street Repurchase Agreement dated 09/30/08 at 0.200% to be repurchased at $371,002 on 10/01/08, collateralized by $380,000 Federal Home Loan Bank due 01/19/10 with a value of $379,605.	$	371,000	$	371,000
Total Short Term Investments (Identified Cost $98,249,713)				98,249,713
Total Investments—115.8% (Identified Cost $800,917,991) (d)				727,547,178
Liabilities in excess of other assets				(99,334,150	)
Total Net Assets—100%			$	628,213,028

(a) A portion or all of the security was held on loan. As of September 30, 2008, the market value of securities loaned was $105,199,065 and the collateral received consisted of cash in the amount of $97,878,713 and non-cash collateral with a value of $3,985,245. The cash collateral is invested in a money market fund managed by an affiliate of the custodian. The non-cash collateral received consists primarily of government securities and bank letters of credit, and are held for the benefit of the Portfolio at the Portfolio’s custodian.

(b) Non-Income Producing.

(c) Represents investment of cash collateral received from securities lending transactions.

(d) The aggregate cost of investments for federal income tax purposes as of September 30, 2008 was $800,916,191 and the composition of unrealized appreciation and depreciation of investment securities was $18,035,148 and $(91,404,161), respectively.

The Portfolio adopted the provisions of Statement of Financial Accounting Standards No. 157, “Fair Value Measurements” (FAS 157), effective with the beginning of the Portfolio’s fiscal year. FAS 157 establishes a framework for measuring fair value and expands disclosures about fair value measurements in financial statements. Management has evaluated the application of FAS 157 to the Portfolio, and has determined that the adoption of FAS 157 does not have a material impact on the Portfolio’s financial statements. The three levels of the hierarchy under FAS 157 are described below:

Level 1—quoted prices in active markets for identical securities

Level 2—other significant observable inputs (including quoted prices for similar securities, interest rates, credit risk, etc.)

Level 3—significant unobservable inputs (including the Adviser and Subadvisor’s own assumptions in determining the fair value of investments)

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

The following is a summary of the inputs used to value the Portfolio’s net assets as of September 30, 2008:

Valuation Inputs	Investments In Securities		Other Financial Instruments*
Level 1—Quoted Prices	$	727,176,178	$	0
Level 2—Other Significant Observable Inputs		371,000		0
Level 3—Significant Unobservable Inputs		0		0
Total	$	727,547,178	$	0

* Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures, forwards, swap contracts and written options, which are valued based on the unrealized appreciation/depreciation on the instrument.

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-23

Metropolitan Series Fund, Inc.

BlackRock Legacy Large Cap Growth Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Common Stock—99.4% of Total Net Assets

Security Description	Shares	Value
Aerospace & Defense—2.7%
Honeywell International, Inc.	152,123	$	6,320,711
Northrop Grumman Corp.	74,500		4,510,230
			10,830,941
Air Freight & Logistics—1.0%
Expeditors International of Washington, Inc. (a)	115,585		4,026,982
Auto Components—0.7%
BorgWarner, Inc. (a)	82,800		2,713,356
Beverages—4.1%
PepsiCo, Inc.	62,000		4,418,740
The Coca-Cola Co.	224,697		11,881,977
			16,300,717
Biotechnology—5.4%
Celgene Corp. (b)	136,300		8,625,064
Genzyme Corp. (b)	72,600		5,872,614
Gilead Sciences, Inc. (b)	161,000		7,338,380
			21,836,058
Capital Markets—1.9%
Janus Capital Group, Inc. (a)	321,702		7,810,925
Chemicals—1.4%
Monsanto Co.	56,892		5,631,170
Commercial Services & Supplies—0.8%
Waste Management, Inc.	100,300		3,158,447
Communications Equipment—8.5%
Cisco Systems, Inc. (b)	624,637		14,091,811
QUALCOMM, Inc.	470,248		20,206,556
			34,298,367
Computers & Peripherals—2.1%
Apple, Inc. (b)	73,817		8,390,040
Construction & Engineering—0.5%
Fluor Corp.	33,100		1,843,670
Diversified Consumer Services—1.6%
Apollo Group, Inc. (Class A) (b)	109,600		6,499,280
Diversified Financial Services—1.5%
CME Group, Inc.	6,000		2,229,060
JPMorgan Chase & Co.	81,400		3,801,380
			6,030,440
Diversified Telecommunication Services—0.5%
AT&T, Inc.	64,772		1,808,434
Electric Utilities—1.3%
Exelon Corp.	85,095		5,328,649

Security Description	Shares	Value
Energy Equipment & Services—6.1%
Cameron International Corp. (b)	173,000	$	6,667,420
Schlumberger, Ltd.	198,993		15,539,363
Transocean, Inc. (b)	22,563		2,478,320
			24,685,103
Food & Staples Retailing—5.6%
CVS Caremark Corp.	120,900		4,069,494
Wal-Mart Stores, Inc.	307,156		18,395,573
			22,465,067
Health Care Equipment & Supplies—3.4%
C.R. Bard, Inc.	34,200		3,244,554
Dentsply International, Inc.	87,500		3,284,750
Medtronic, Inc.	143,200		7,174,320
			13,703,624
Health Care Providers & Services—3.2%
Henry Schein, Inc. (a) (b)	110,200		5,933,168
Medco Health Solutions, Inc. (b)	149,440		6,724,800
			12,657,968
Hotels, Restaurants & Leisure—2.1%
Burger King Holdings, Inc. (a)	149,400		3,669,264
McDonald’s Corp.	79,400		4,898,980
			8,568,244
Household Products—2.8%
Procter & Gamble Co.	125,100		8,718,219
The Clorox Co. (a)	40,400		2,532,676
			11,250,895
Internet Software & Services—2.2%
Google, Inc. (Class A) (b)	22,255		8,913,573
IT Services—1.3%
The Western Union Co.	208,306		5,138,909
Life Sciences Tools & Services—2.4%
Thermo Fisher Scientific, Inc. (b)	171,900		9,454,500
Machinery—4.5%
Cummins, Inc.	116,800		5,106,496
Danaher Corp.	155,700		10,805,580
Joy Global, Inc.	51,000		2,302,140
			18,214,216
Metals & Mining—2.5%
Agnico-Eagle Mines, Ltd. (a)	101,700		5,600,619
Freeport-McMoRan Copper & Gold, Inc.	76,725		4,361,816
			9,962,435
Multiline Retail—1.4%
Kohl’s Corp. (b)	123,122		5,673,462

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-24

Metropolitan Series Fund, Inc.

BlackRock Legacy Large Cap Growth Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Common Stock—(Continued)

Security Description	Shares	Value
Oil, Gas & Consumable Fuels—3.7%
Consol Energy, Inc.	43,926	$	2,015,764
EOG Resources, Inc.	41,150		3,681,279
Massey Energy Co.	126,842		4,524,454
Petroleo Brasileiro S.A. (ADR)	105,158		4,621,694
			14,843,191
Personal Products—2.0%
Avon Products, Inc.	189,300		7,869,201
Pharmaceuticals—5.1%
Abbott Laboratories	169,000		9,731,020
Johnson & Johnson	158,300		10,967,024
			20,698,044
Semiconductors & Semiconductor Equipment—3.5%
Broadcom Corp. (b)	142,900		2,662,227
Lam Research Corp. (b)	77,906		2,453,260
Marvell Technology Group, Ltd. (b)	279,000		2,594,700
PMC-Sierra, Inc. (a) (b)	850,184		6,308,365
			14,018,552
Software—8.1%
Activision Blizzard, Inc. (b)	605,600		9,344,408
Adobe Systems, Inc. (b)	329,787		13,016,693
Check Point Software Technologies, Ltd. (b)	182,700		4,154,598
Salesforce.com, Inc. (a) (b)	129,338		6,259,959
			32,775,658
Specialty Retail—1.1%
Ross Stores, Inc. (a)	125,161		4,607,177
Tobacco—2.4%
Philip Morris International, Inc.	201,969		9,714,709
Wireless Telecommunication Services—2.0%
American Tower Corp. (Class A) (b)	228,298		8,211,879
Total Common Stock (Identified Cost $422,454,800)			399,933,883

Short Term Investments—17.6%
Security Description	Face Amount/Shares		Value
Discount Notes—1.0%
Federal Home Loan Bank
0.068%, 10/01/08	$	700,000	$	700,000
0.600%, 10/09/08		3,600,000		3,599,400
				4,299,400
Mutual Funds—16.6%
State Street Navigator Securities Lending Prime Portfolio (c)		66,779,447		66,779,447
Total Short Term Investments (Identified Cost $71,078,847)				71,078,847
Total Investments—117.0% (Identified Cost $493,533,647) (d)				471,012,730
Liabilities in excess of other assets				(68,607,542	)
Total Net Assets—100%			$	402,405,188

(a) A portion or all of the security was held on loan. As of September 30, 2008, the market value of securities loaned was $67,603,374 and the collateral received consisted of cash in the amount of $66,779,447. The cash collateral is invested in a money market fund managed by an affiliate of the custodian.

(b) Non-Income Producing.

(c) Represents investment of cash collateral received from securities lending transactions.

(d) The aggregate cost of investments for federal income tax purposes as of September 30, 2008 was $493,515,596 and the composition of unrealized appreciation and depreciation of investment securities was $17,663,236 and $(40,166,102), respectively.

(ADR)— An American Depositary Receipt is a certificate issued by a custodian bank representing the right to receive securities of the foreign issuer described. Trading on exchanges not located in the United States or Canada significantly influences the value of ADRs.

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-25

Metropolitan Series Fund, Inc.

BlackRock Legacy Large Cap Growth Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

The Portfolio adopted the provisions of Statement of Financial Accounting Standards No. 157, “Fair Value Measurements” (FAS 157), effective with the beginning of the Portfolio’s fiscal year. FAS 157 establishes a framework for measuring fair value and expands disclosures about fair value measurements in financial statements. Management has evaluated the application of FAS 157 to the Portfolio, and has determined that the adoption of FAS 157 does not have a material impact on the Portfolio’s financial statements. The three levels of the hierarchy under FAS 157 are described below:

Level 1—quoted prices in active markets for identical securities

Level 2—other significant observable inputs (including quoted prices for similar securities, interest rates, credit risk, etc.)

Level 3—significant unobservable inputs (including the Adviser and Subadvisor’s own assumptions in determining the fair value of investments)

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

The following is a summary of the inputs used to value the Portfolio’s net assets as of September 30, 2008:

Valuation Inputs	Investments In Securities		Other Financial Instruments*
Level 1—Quoted Prices	$	466,713,330	$	0
Level 2—Other Significant Observable Inputs		4,299,400		0
Level 3—Significant Unobservable Inputs		0		0
Total	$	471,012,730	$	0

* Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures, forwards, swap contracts and written options, which are valued based on the unrealized appreciation/depreciation on the instrument.

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-26

Metropolitan Series Fund, Inc.

BlackRock Money Market Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Commercial Paper—72.7% of Total Net Assets

Security Description	Face Amount		Value
Asset Backed—24.2%
Amsterdam Funding Corp. 2.700%, 10/02/08	$	25,100,000	$	25,098,117
Atlantic Asset Securities Corp. 2.730%, 11/03/08		24,949,000		24,886,565
Barton Capital Corp. 5.500%, 10/01/08		15,000,000		15,000,000
Chariot Funding, LLC 2.450%, 10/17/08		20,000,000		19,978,222
3.400%, 10/21/08		15,000,000		14,971,667
Ciesco, LLC 4.500%, 10/22/08		50,000,000		49,868,750
Clipper Receivables Co., LLC 2.800%, 10/16/08		20,000,000		19,976,666
2.870%, 10/20/08		10,000,000		9,984,853
2.870%, 10/23/08		15,000,000		14,973,692
Falcon Asset Securitization Co., LLC 2.450%, 10/14/08		10,000,000		9,991,153
Kitty Hawk Funding Corp. 4.100%, 10/01/08		7,948,000		7,948,000
Nieuw Amsterdam Receivables Corp. 2.650%, 10/01/08		25,017,000		25,017,000
7.000%, 10/01/08		35,000,000		35,000,000
Old Line Funding, LLC 2.690%, 10/02/08		25,000,000		24,998,132
2.650%, 10/10/08		1,461,000		1,460,032
2.790%, 10/17/08		15,000,000		14,981,400
2.770%, 10/21/08		18,000,000		17,972,300
Park Avenue Receivables Corp. 5.500%, 10/01/08		60,000,000		60,000,000
Ranger Funding Company, LLC 2.800%, 10/03/08		20,000,000		19,996,889
Thunder Bay Funding, LLC 5.000%, 10/01/08		60,000,000		60,000,000
Variable Funding Corp. 1.000%, 10/15/08		25,000,000		24,973,264
Windmill Funding Corp. 2.780%, 10/20/08		5,000,000		4,992,664
				502,069,366
Asset Backed—Other—1.2%
Atlantis One Funding Corp. 2.760%, 10/23/08		25,000,000		24,957,833
Capital Markets—0.7%
State Street Corp. 2.630%, 12/09/08		15,000,000		14,924,387
Commercial Banks—6.5%
Bank of Montreal (Chicago) 2.960%, 05/29/09 (a)		14,950,000		14,950,000
Dexia Delaware, LLC 2.805%, 10/20/08		20,000,000		19,970,392
2.810%, 10/22/08		16,000,000		15,973,773
2.770%, 12/10/08		20,000,000		19,892,278
Rabobank USA Financial Corp. 0.250%, 10/01/08		64,529,000		64,529,000
				135,315,443

Security Description	Face Amount		Value
Diversified Financial Services—19.3%
Bank of America Corp. 2.660%, 10/14/08	$	28,000,000	$	27,973,105
2.660%, 11/03/08		20,000,000		19,951,233
2.912%, 12/16/08		7,270,000		7,225,307
2.955%, 12/31/08		10,000,000		9,925,304
2.960%, 03/12/09		20,000,000		19,733,600
Citigroup Funding, Inc. 2.940%, 10/02/08		25,000,000		24,997,958
2.930%, 11/13/08		15,000,000		14,947,504
Danske Corp. 2.505%, 10/06/08		15,000,000		14,994,781
2.730%, 10/24/08		10,000,000		9,982,558
2.680%, 10/28/08		25,000,000		24,949,750
2.610%, 11/28/08		20,000,000		19,915,900
Deutsche Bank Financial, LLC 1.500%, 10/01/08		60,000,000		60,000,000
General Electric Capital Corp. 2.512%, 08/24/09 (a)		7,500,000		7,500,000
ING U.S. Funding, LLC 2.585%, 10/20/08		10,000,000		9,986,357
2.700%, 11/06/08		14,907,000		14,866,751
2.855%, 01/08/09		22,000,000		21,827,273
ING USA Global Funding 3.514%, 09/18/09 (a)		4,440,000		4,440,000
JPMorgan Chase & Co. 2.450%, 10/01/08		12,000,000		12,000,000
Natexis Banques Populaires U.S. Financial 2.680%, 10/06/08		25,000,000		24,990,695
Nordea North America 3.000%, 10/06/08		16,825,000		16,817,990
2.570%, 11/04/08		20,000,000		19,951,456
2.680%, 11/10/08		15,000,000		14,955,333
				401,932,855
Federal Agencies—13.1%
Federal Home Loan Bank 0.350%, 10/03/08		45,608,000		45,603,059
2.150%, 10/06/08		26,689,000		26,681,030
2.623%, 03/20/09 (a)		8,905,000		8,916,298
2.413%, 08/14/09 (a)		9,400,000		9,400,000
3.146%, 08/14/09		13,825,000		13,823,798
Federal Home Loan Mortgage Corp. 2.430%, 11/12/08		30,000,000		29,928,600
3.076%, 09/25/09 (a)		25,230,000		25,222,703
2.608%, 09/28/09		15,375,000		15,371,221
Federal National Mortgage Association 2.310%, 10/20/08		20,000,000		19,975,617
2.200%, 10/29/08		31,450,000		31,396,185
2.460%, 11/10/08		14,389,000		14,350,949
2.100%, 12/22/08		31,639,000		31,487,660
				272,157,120
Insurance—1.2%
ING America Insurance Holdings 3.500%, 10/06/08		20,000,000		19,990,278

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-27

Metropolitan Series Fund, Inc.

BlackRock Money Market Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Commercial Paper—(Continued)

Security Description	Face Amount		Value
Insurance—(Continued)
Prudential Funding, LLC 2.400%, 10/16/08	$	5,000,000	$	4,995,000
				24,985,278
Yankee—6.5%
Fortis Banque Luxembourg 2.650%, 10/08/08		20,000,000		19,989,694
National Australia Funding 2.720%, 11/04/08		20,000,000		19,948,622
Raiffeisen Zentralbank Osterreich 2.870%, 10/17/08		20,000,000		19,974,489
2.880%, 10/21/08		20,000,000		19,968,000
2.820%, 12/05/08		20,000,000		19,898,167
Societe Generale 2.815%, 10/22/08		5,000,000		4,991,790
Westpac Banking Corp. 2.700%, 10/09/08		30,000,000		29,982,000
				134,752,762
Total Commercial Paper (Identified Cost $1,511,095,044)				1,511,095,044
Certificate of Deposit—25.0%
Commercial Banks—17.3%
American Express Centurion Bank 2.810%, 10/14/08		25,000,000		25,000,000
Banco Bilbao Vizcaya (NY) 3.000%, 10/24/08		17,070,000		17,070,000
3.185%, 12/24/08		11,000,000		11,000,000
Bank of Montreal (Chicago) 2.903%, 11/10/08 (a)		14,710,000		14,710,000
Barclays Bank, Plc. 2.800%, 10/08/08		30,000,000		30,000,000
BNP Paribas (NY) 2.630%, 10/02/08		20,000,000		20,000,000
2.950%, 10/28/08		15,000,000		15,000,000
2.850%, 12/04/08		20,000,000		20,000,000
2.845%, 12/08/08		16,050,000		16,050,000
3.050%, 01/15/09		8,000,000		8,000,000
Deutsche Bank AG 2.809%, 01/21/09 (a)		12,400,000		12,400,000
HSBC USA Inc. New York 3.218%, 05/15/09 (a)		2,740,000		2,740,000
Istituto Bancario S.A. 2.860%, 12/04/08		8,225,000		8,225,000
2.860%, 12/05/08		12,950,000		12,950,000
Nordea Bank Finland, Plc. (NY) 2.650%, 10/14/08		4,000,000		4,000,000
4.820%, 10/17/08		17,485,000		17,485,074
Rabobank USA Financial Corp. 3.010%, 02/19/09		10,000,000		10,000,000
Svenska Handelsbanken AB 2.610%, 10/01/08		11,130,000		11,130,000
2.660%, 10/09/08		30,000,000		30,000,033

Security Description	Face Amount		Value
Commercial Banks—(Continued)
Toronto-Dominion Bank (NY) 2.650%, 10/06/08	$	8,000,000	$	8,000,000
2.830%, 12/05/08		4,550,000		4,550,000
2.800%, 12/08/08		8,000,000		8,000,000
3.000%, 12/16/08		2,400,000		2,400,000
3.110%, 12/30/08		33,950,000		33,950,000
3.030%, 02/11/09		4,500,000		4,500,000
U.S. Bank, N.A. 2.770%, 10/27/08		12,000,000		12,000,000
				359,160,107
Diversified Financial Services—5.0%
Royal Bank of Scotland, Plc. (NY) 2.680%, 10/02/08		29,815,000		29,815,000
2.720%, 10/02/08		8,390,000		8,390,000
2.891%, 10/27/08 (a)		10,000,000		10,000,000
2.930%, 11/17/08 (a)		20,500,000		20,500,000
3.150%, 02/20/09 (a)		10,000,000		10,000,000
3.140%, 03/09/09 (a)		25,000,000		25,000,000
				103,705,000
Insurance—0.8%
New York Life Insurance Co. (144A) 2.938%, 04/13/09 (a) (b)		16,520,000		16,520,000
Yankee—1.9%
DnB NOR Bank ASA 2.840%, 12/05/08		3,100,000		3,100,000
Lloyds TSB Group, Plc. 3.103%, 08/07/09 (a)		12,700,000		12,700,000
Societe Generale 2.920%, 12/05/08		15,000,000		15,000,000
3.180%, 12/23/08		10,000,000		10,000,227
				40,800,227
Total Certificate of Deposit (Identified Cost $520,185,334)				520,185,334
Medium Term Notes—1.5%
Commercial Banks—0.5%
Wachovia Bank, N.A. 4.753%, 02/04/09		9,400,000		9,397,518
Yankee—1.0%
ING Bank NV 3.132%, 08/24/09 (a)		10,000,000		10,000,000
Nordea Bank AB 3.149%, 08/24/09 (a)		11,800,000		11,800,000
				21,800,000
Total Medium Term Notes (Identified Cost $31,197,518)				31,197,518
Total Investments—99.2% (Identified Cost $2,062,477,896) (c)				2,062,477,896
Other assets less liabilities				16,949,440
Total Net Assets—100%			$	2,079,427,336

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-28

Metropolitan Series Fund, Inc.

BlackRock Money Market Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

(a) Variable or Floating Rate Security. Rate disclosed is as of September 30, 2008.

(b) Illiquid securities representing in the aggregate 0.8% of total net assets.

(c) The aggregate cost of investments for federal income tax purposes as of September 30, 2008 was $2,062,477,896.

(144A)— Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of September 30, 2008, the market value of 144A securities was $16,520,000, which is 0.8% of total net assets.

The Portfolio adopted the provisions of Statement of Financial Accounting Standards No. 157, “Fair Value Measurements” (FAS 157), effective with the beginning of the Portfolio’s fiscal year. FAS 157 establishes a framework for measuring fair value and expands disclosures about fair value measurements in financial statements. Management has evaluated the application of FAS 157 to the Portfolio, and has determined that the adoption of FAS 157 does not have a material impact on the Portfolio’s financial statements. The three levels of the hierarchy under FAS 157 are described below:

Level 1—quoted prices in active markets for identical securities

Level 2—other significant observable inputs (including quoted prices for similar securities, interest rates, credit risk, etc.)

Level 3—significant unobservable inputs (including the Adviser and Subadvisor’s own assumptions in determining the fair value of investments)

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

The following is a summary of the inputs used to value the Portfolio’s net assets as of September 30, 2008:

Valuation Inputs	Investments In Securities		Other Financial Instruments*
Level 1—Quoted Prices	$	2,062,477,896	$	0
Level 2—Other Significant Observable Inputs		0		0
Level 3—Significant Unobservable Inputs		0		0
Total	$	2,062,477,896	$	0

* Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures, forwards, swap contracts and written options, which are valued based on the unrealized appreciation/depreciation on the instrument.

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-29

Metropolitan Series Fund, Inc.

BlackRock Strategic Value Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Common Stock—99.5% of Total Net Assets

Security Description	Shares	Value
Aerospace & Defense—4.5%
Curtiss-Wright Corp.	131,500	$	5,976,675
Orbital Sciences Corp. (a) (b)	615,600		14,755,932
Teledyne Technologies, Inc. (b)	145,900		8,339,644
			29,072,251
Capital Markets—1.8%
Jefferies Group, Inc. (a)	440,414		9,865,274
Piper Jaffray Co. (a) (b)	49,830		2,155,147
			12,020,421
Chemicals—1.8%
Sensient Technologies Corp.	261,248		7,348,906
Solutia, Inc. (b)	333,200		4,664,800
			12,013,706
Commercial Banks—5.9%
Associated Banc-Corp	252,500		5,037,375
City National Corp.	70,700		3,839,010
PacWest Bancorp	147,100		4,205,589
Sterling Bancshares, Inc.	623,364		6,514,154
The Colonial BancGroup, Inc.	810,400		6,369,744
United Bankshares, Inc. (a)	189,597		6,635,895
Wintrust Financial Corp. (a)	186,835		5,483,607
			38,085,374
Commercial Services & Supplies—7.9%
Rollins, Inc.	303,300		5,756,634
The Brink’s Co.	344,600		21,027,492
The GEO Group, Inc. (b)	166,700		3,369,007
Viad Corp.	43,369		1,248,593
Waste Connections, Inc. (b)	396,550		13,601,665
Watson Wyatt Worldwide, Inc.	126,800		6,305,764
			51,309,155
Communications Equipment—3.0%
Arris Group, Inc. (b)	929,100		7,181,943
Dycom Industries, Inc. (a) (b)	593,800		7,731,276
Polycom, Inc. (b)	203,000		4,695,390
			19,608,609
Containers & Packaging—3.9%
Silgan Holdings, Inc.	224,900		11,490,141
Smurfit-Stone Container Corp. (a) (b)	780,100		3,666,470
Temple-Inland, Inc.	648,500		9,896,110
			25,052,721
Distributors—1.4%
LKQ Corp. (b)	526,500		8,934,705
Diversified Financial Services—1.9%
PHH Corp. (b)	918,858		12,211,623
Electronic Equipment & Instruments—1.0%
Anixter International, Inc. (a) (b)	111,900		6,659,169

Security Description	Shares	Value
Energy Equipment & Services—2.9%
Cal Dive International, Inc. (a) (b)	571,800	$	6,061,080
Lufkin Industries, Inc. (a)	94,844		7,525,872
North American Energy Partners, Inc. (b)	502,601		5,211,972
			18,798,924
Food & Staples Retailing—3.1%
BJ’s Wholesale Club, Inc. (b)	166,200		6,458,532
Ruddick Corp. (a)	372,758		12,095,997
Spartan Stores, Inc.	53,627		1,334,240
			19,888,769
Food Products—7.3%
Dean Foods Co. (b)	303,600		7,092,096
Fresh Del Monte Produce, Inc. (b)	139,100		3,088,020
Hain Celestial Group, Inc. (a) (b)	835,100		22,990,303
Ralcorp Holdings, Inc. (b)	212,700		14,338,107
			47,508,526
Gas Utilities—1.2%
Southwest Gas Corp.	253,979		7,685,404
Health Care Equipment & Supplies—4.6%
Greatbatch, Inc. (b)	147,500		3,619,650
Hill-Rom Holdings, Inc. (a)	293,400		8,892,954
Symmetry Medical, Inc. (b)	283,400		5,259,904
Teleflex, Inc.	103,500		6,571,215
The Cooper Cos., Inc. (a)	164,807		5,728,691
			30,072,414
Health Care Providers & Services—5.5%
Amedisys, Inc. (a) (b)	135,900		6,614,253
AmSurg Corp. (b)	197,242		5,023,754
Health Management Associates, Inc. (Class A)	743,900		3,094,624
Magellan Health Services, Inc. (b)	181,661		7,459,001
Pediatrix Medical Group, Inc. (b)	142,600		7,688,992
PharMerica Corp. (a) (b)	11		247
Sun Healthcare Group, Inc. (b)	382,978		5,614,457
			35,495,328
Hotels, Restaurants & Leisure—3.5%
Ameristar Casinos, Inc.	297,400		4,220,106
Morgans Hotel Group Co. (a) (b)	201,510		2,198,474
Orient-Express Hotels, Ltd. (Class A) (a)	227,090		5,479,682
Scientific Games Corp. (a) (b)	466,500		10,738,830
			22,637,092
Household Durables—1.0%
Centex Corp.	403,400		6,535,080
Insurance—4.8%
Hanover Insurance Group, Inc.	263,842		12,010,088
Platinum Underwriters Holdings, Ltd.	289,107		10,257,516
The Navigators Group, Inc. (b)	150,504		8,729,232
			30,996,836

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-30

Metropolitan Series Fund, Inc.

BlackRock Strategic Value Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Common Stock—(Continued)

Security Description	Shares	Value
Internet Software & Services—1.4%
SkillSoft, Plc. (ADR) (b)	865,456	$	9,052,670
IT Services—3.0%
Acxiom Corp. (a)	230,361		2,888,727
Convergys Corp. (b)	781,400		11,549,092
Forrester Research, Inc. (b)	162,000		4,749,840
			19,187,659
Leisure Equipment & Products—1.3%
LeapFrog Enterprises, Inc. (a) (b)	816,601		8,623,307
Machinery—0.8%
Albany International Corp. (Class A) (a)	91,000		2,487,030
Oshkosh Truck Corp.	198,900		2,617,524
			5,104,554
Media—1.4%
Lions Gate Entertainment Corp. (a) (b)	1,006,600		9,160,060
Multi-Utilities—1.8%
Wisconsin Energy Corp. (a)	257,900		11,579,710
Oil, Gas & Consumable Fuels—2.9%
Delta Petroleum Corp. (a) (b)	274,841		3,732,341
Penn Virginia Corp.	146,500		7,828,960
Swift Energy Co. (a) (b)	182,800		7,072,532
			18,633,833
Personal Products—4.3%
Alberto-Culver Co.	491,000		13,374,840
Chattem, Inc. (b)	142,600		11,148,468
Elizabeth Arden, Inc. (a) (b)	169,200		3,321,396
			27,844,704
Real Estate Investment Trusts—2.2%
Corporate Office Properties Trust (a)	104,600		4,220,610
MFA Mortgage Investments, Inc.	1,539,300		10,005,450
			14,226,060
Semiconductors & Semiconductor Equipment—1.6%
Intersil Corp.	194,100		3,218,178
ON Semiconductor Corp. (a) (b)	488,200		3,300,232
Verigy, Ltd. (b)	253,549		4,127,778
			10,646,188
Software—0.8%
Lawson Software, Inc. (b)	708,800		4,961,600
Specialty Retail—3.9%
AnnTaylor Stores Corp. (b)	295,700		6,103,248
Collective Brands, Inc. (b)	534,100		9,779,371
Genesco, Inc. (a) (b)	79,900		2,675,052
Rent-A-Center, Inc. (b)	247,300		5,509,844
Sally Beauty Holdings, Inc. (a) (b)	172,811		1,486,175
			25,553,690

Security Description	Shares		Value
Textiles, Apparel & Luxury Goods—2.1%
Fossil, Inc. (b)		316,900	$	8,946,087
Jones Apparel Group, Inc.		271,900		5,032,869
				13,978,956
Thrifts & Mortgage Finance—5.0%
Astoria Financial Corp.		521,047		10,801,304
First Niagara Financial Group, Inc. (a)		778,500		12,261,375
People’s United Financial, Inc.		191,900		3,694,075
Webster Finanical Corp.		225,300		5,688,825
				32,445,579
Total Common Stock (Identified Cost $680,033,952)				645,584,677
Short Term Investments—27.7%
Security Description	Face Amount/Shares		Value
Discount Notes—0.6%
Federal Home Loan Bank 0.068%, 10/01/08	$	3,500,000		3,500,000
0.080%, 10/14/08		200,000		199,830
				3,699,830
Mutual Funds—27.1%
State Street Navigator Securities Lending Prime Portfolio (c)		175,820,369		175,820,369
Total Short Term Investments (Identified Cost $179,520,199)				179,520,199
Total Investments—127.2% (Identified Cost $859,554,151) (d)				825,104,876
Liabilities in excess of other assets				(176,642,901	)
Total Net Assets—100%			$	648,461,975

(a) A portion or all of the security was held on loan. As of September 30, 2008, the market value of securities loaned was $177,764,158 and the collateral received consisted of cash in the amount of $175,820,370 and non-cash collateral with a value of $15,477. The cash collateral is invested in a money market fund managed by an affiliate of the custodian. The non-cash collateral received consists primarily of government securities and bank letters of credit, and are held for the benefit of the Portfolio at the Portfolio’s custodian.

(b) Non-Income Producing.

(c) Represents investment of cash collateral received from securities lending transactions.

(d) The aggregate cost of investments for federal income tax purposes as of September 30, 2008 was $859,554,151 and the composition of unrealized appreciation and depreciation of investment securities was $23,044,754 and $(57,494,029), respectively.

(ADR)— An American Depositary Receipt is a certificate issued by a custodian bank representing the right to receive securities of the foreign issuer described. Trading on exchanges not located in the United States or Canada significantly influences the value of ADRs.

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-31

Metropolitan Series Fund, Inc.

BlackRock Strategic Value Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

The Portfolio adopted the provisions of Statement of Financial Accounting Standards No. 157, “Fair Value Measurements” (FAS 157), effective with the beginning of the Portfolio’s fiscal year. FAS 157 establishes a framework for measuring fair value and expands disclosures about fair value measurements in financial statements. Management has evaluated the application of FAS 157 to the Portfolio, and has determined that the adoption of FAS 157 does not have a material impact on the Portfolio’s financial statements. The three levels of the hierarchy under FAS 157 are described below:

Level 1—quoted prices in active markets for identical securities

Level 2—other significant observable inputs (including quoted prices for similar securities, interest rates, credit risk, etc.)

Level 3—significant unobservable inputs (including the Adviser and Subadvisor’s own assumptions in determining the fair value of investments)

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

The following is a summary of the inputs used to value the Portfolio’s net assets as of September 30, 2008:

Valuation Inputs	Investments In Securities		Other Financial Instruments*
Level 1—Quoted Prices	$	821,405,046	$	0
Level 2—Other Significant Observable Inputs		3,699,830		0
Level 3—Significant Unobservable Inputs		0		0
Total	$	825,104,876	$	0

* Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures, forwards, swap contracts and written options, which are valued based on the unrealized appreciation/depreciation on the instrument.

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-32

Metropolitan Series Fund, Inc.

Capital Guardian U.S. Equity Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Common Stock—97.8% of Total Net Assets

Security Description	Shares	Value
Aerospace & Defense—0.8%
United Technologies Corp.	49,090	$	2,948,345
Air Freight & Logistics—2.8%
FedEx Corp.	25,580		2,021,843
United Parcel Service, Inc. (Class B)	132,400		8,326,636
			10,348,479
Airlines—0.5%
Southwest Airlines Co.	120,900		1,754,259
Auto Components—0.6%
Johnson Controls, Inc.	50,900		1,543,797
WABCO Holdings, Inc.	17,366		617,188
			2,160,985
Automobiles—0.9%
Ford Motor Co. (a) (b)	254,600		1,323,920
General Motors Corp. (a) (b)	43,300		409,185
Honda Motor Co., Ltd. (ADR)	52,200		1,571,742
			3,304,847
Beverages—2.5%
PepsiCo, Inc.	98,280		7,004,416
The Coca-Cola Co.	36,800		1,945,984
			8,950,400
Biotechnology—5.8%
BioMarin Pharmaceutical, Inc. (b)	29,500		781,455
Celgene Corp. (b)	75,100		4,752,328
Genentech, Inc. (b)	118,700		10,526,316
Gilead Sciences, Inc. (b)	17,500		797,650
ImClone Systems, Inc. (a) (b)	65,400		4,083,576
			20,941,325
Capital Markets—2.7%
American Capital, Ltd. (a)	38,000		969,380
The Goldman Sachs Group, Inc.	68,480		8,765,440
			9,734,820
Chemicals—1.4%
Celanese Corp. (Series A)	13,600		379,576
Monsanto Co.	22,900		2,266,642
Potash Corp. of Saskatchewan, Inc.	18,000		2,376,180
			5,022,398
Commercial Banks—3.7%
Fifth Third Bancorp (a)	41,000		487,900
SunTrust Banks, Inc. (a)	18,100		814,319
Wells Fargo & Co.	322,900		12,118,437
			13,420,656
Commercial Services & Supplies—0.2%
Monster Worldwide, Inc. (b)	45,200		673,932

Security Description	Shares	Value
Communications Equipment—3.9%
Brocade Communications Systems, Inc. (b)	347,200	$	2,020,704
Ciena Corp. (a) (b)	27,100		273,168
Cisco Systems, Inc. (b)	261,140		5,891,318
Corning, Inc. (a) (b)	30,050		469,982
Polycom, Inc. (a) (b)	57,300		1,325,349
QUALCOMM, Inc. (a)	102,260		4,394,112
			14,374,633
Computers & Peripherals—3.4%
Apple, Inc. (b)	26,600		3,023,356
Dell, Inc. (b)	110,800		1,825,984
International Business Machines Corp.	11,730		1,371,941
NetApp, Inc. (b)	55,100		1,004,473
SanDisk Corp. (a) (b)	197,500		3,861,125
Seagate Technology (b)	52,500		636,300
Sun Microsystems, Inc. (a) (b)	83,325		633,270
			12,356,449
Construction & Engineering—0.7%
Fluor Corp.	48,200		2,684,740
Construction Materials—0.3%
Vulcan Materials Co. (a)	12,900		961,050
Consumer Finance—0.2%
Capital One Financial Corp. (a)	17,000		867,000
Diversified Consumer Services—0.1%
Apollo Group, Inc. (Class A) (b)	4,000		237,200
Diversified Financial Services—4.5%
Bank of America Corp.	14,300		500,500
JPMorgan Chase & Co.	336,872		15,731,922
			16,232,422
Diversified Telecommunication Services—1.9%
AT&T, Inc.	123,577		3,450,270
Level 3 Communications, Inc. (a) (b)	543,900		1,468,530
tw telecom, inc. (a) (b)	177,200		1,841,108
			6,759,908
Electric Utilities—0.6%
Edison International	37,400		1,492,260
Pinnacle West Capital Corp.	24,700		849,927
			2,342,187
Electrical Equipment—0.6%
Cooper Industries, Ltd. (Class A) (a)	21,400		854,930
Emerson Electric Co.	29,100		1,186,989
			2,041,919
Electronic Equipment & Instruments—1.2%
Agilent Technologies, Inc. (b)	64,305		1,907,286
Flextronics International, Ltd. (b)	88,500		626,580

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-33

Metropolitan Series Fund, Inc.

Capital Guardian U.S. Equity Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Common Stock—(Continued)

Security Description	Shares	Value
Electronic Equipment & Instruments—(Continued)
Jabil Circuit, Inc.	208,010	$	1,984,416
			4,518,282
Energy Equipment & Services—2.2%
Baker Hughes, Inc.	19,610		1,187,189
BJ Services Co.	49,100		939,283
Schlumberger, Ltd.	56,300		4,396,467
Weatherford International, Ltd. (b)	63,000		1,583,820
			8,106,759
Exchange Traded Funds—0.5%
SPDR Trust, Series 1	14,300		1,658,657
Food & Staples Retailing—0.4%
Costco Wholesale Corp. (a)	11,900		772,667
Walgreen Co.	25,900		801,864
			1,574,531
Food Products—3.8%
Campbell Soup Co.	39,500		1,524,700
General Mills, Inc.	13,600		934,592
Kraft Foods, Inc. (Class A) (a)	184,836		6,053,379
Sara Lee Corp. (a)	307,400		3,882,462
Unilever NV (NY Shares)	48,500		1,365,760
			13,760,893
Health Care Equipment & Supplies—3.3%
Baxter International, Inc.	129,700		8,512,211
Lumenis, Ltd. (a) (b) (c)	520		546
Medtronic, Inc. (a)	71,400		3,577,140
			12,089,897
Health Care Providers & Services—2.2%
Aetna, Inc.	23,000		830,530
Cardinal Health, Inc.	16,100		793,408
DaVita, Inc. (b)	50,700		2,890,407
UnitedHealth Group, Inc.	144,500		3,668,855
			8,183,200
Health Care Technology—0.4%
Cerner Corp. (a) (b)	34,500		1,540,080
Hotels, Restaurants & Leisure—0.4%
Las Vegas Sands Corp. (a) (b)	28,000		1,011,080
Wynn Resorts, Ltd. (a) (b)	7,200		587,808
			1,598,888
Household Durables—0.2%
Jarden Corp. (a) (b)	24,100		565,145
Household Products—0.6%
Energizer Holdings, Inc. (a) (b)	17,400		1,401,570
Kimberly-Clark Corp.	13,100		849,404
			2,250,974

Security Description	Shares	Value
Independent Power Producers & Energy Traders—0.2%
The AES Corp. (b)	56,300	$	658,147
Industrial Conglomerates—2.4%
General Electric Co.	316,100		8,060,550
Tyco International, Ltd. (a)	18,200		637,364
			8,697,914
Insurance—2.4%
ACE, Ltd.	5,500		297,715
Aflac, Inc.	37,400		2,197,250
AMBAC Financial Group, Inc. (a)	17,200		40,076
Berkshire Hathaway, Inc. (Class A) (b)	17		2,220,200
The Progressive Corp. (a)	82,400		1,433,760
XL Capital, Ltd. (Class A) (a)	141,500		2,538,510
			8,727,511
Internet Software & Services—3.9%
eBay, Inc. (b)	74,220		1,661,044
Google, Inc. (Class A) (b)	25,830		10,345,431
Yahoo!, Inc. (b)	125,880		2,177,724
			14,184,199
IT Services—1.6%
Cognizant Technology Solutions Corp. (Class A) (b)	41,300		942,879
Paychex, Inc.	77,900		2,573,037
VeriFone Holdings, Inc. (a) (b)	87,300		1,443,942
Visa, Inc.	13,600		834,904
			5,794,762
Machinery—1.2%
Danaher Corp.	20,100		1,394,940
Illinois Tool Works, Inc. (a)	58,000		2,578,100
Parker-Hannifin Corp.	7,500		397,500
			4,370,540
Media—3.3%
CBS Corp. (Class B)	70,850		1,032,993
Comcast Corp. (Class A)	50,100		983,463
Gannett Co., Inc. (a)	90,600		1,532,046
Omnicom Group, Inc. (a)	49,200		1,897,152
The Walt Disney Co.	115,600		3,547,764
Time Warner Cable, Inc. (Class A) (a) (b)	55,600		1,345,520
Time Warner, Inc. (a)	58,400		765,624
Viacom, Inc. (Class B) (b)	34,550		858,222
			11,962,784
Metals & Mining—1.9%
Allegheny Technologies, Inc. (a)	70,900		2,095,095
Barrick Gold Corp.	96,600		3,549,084
Cleveland-Cliffs, Inc.	15,800		836,452
Nucor Corp.	13,100		517,450
			6,998,081

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-34

Metropolitan Series Fund, Inc.

Capital Guardian U.S. Equity Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Common Stock—(Continued)

Security Description	Shares	Value
Multi-Utilities—0.2%
CMS Energy Corp. (a)	58,700	$	731,989
Multiline Retail—3.0%
Nordstrom, Inc. (a)	102,400		2,951,168
Target Corp.	164,800		8,083,440
			11,034,608
Oil, Gas & Consumable Fuels—4.9%
Anadarko Petroleum Corp.	23,200		1,125,432
Chevron Corp.	33,433		2,757,554
ConocoPhillips	44,900		3,288,925
EOG Resources, Inc.	15,700		1,404,522
Exxon Mobil Corp.	32,499		2,523,872
Marathon Oil Corp.	118,700		4,732,569
Royal Dutch Shell, Plc. (A Shares) (ADR)	27,400		1,616,874
Royal Dutch Shell, Plc. (B Shares) (ADR)	8,744		499,195
			17,948,943
Personal Products—0.1%
Bare Escentuals, Inc. (a) (b)	40,000		434,800
Pharmaceuticals—6.8%
Abbott Laboratories	71,500		4,116,970
Allergan, Inc.	66,860		3,443,290
AstraZeneca, Plc. (ADR) (a)	99,000		4,344,120
Bristol-Myers Squibb Co.	102,700		2,141,295
Forest Laboratories, Inc. (b)	73,260		2,071,793
Pfizer, Inc.	143,700		2,649,828
Sanofi-Aventis (ADR)	69,800		2,294,326
Schering-Plough Corp.	6,300		116,361
Sepracor, Inc. (a) (b)	66,790		1,222,925
Teva Pharmaceutical Industries, Ltd. (ADR)	21,800		998,222
Wyeth	31,900		1,178,386
			24,577,516
Semiconductors & Semiconductor Equipment—3.4%
Altera Corp. (b)	30,300		626,604
Applied Materials, Inc.	326,101		4,933,908
ASML Holding NV	13,075		230,251
Intel Corp.	50,000		936,500
KLA-Tencor Corp. (a)	101,300		3,206,145
Lam Research Corp. (b)	23,800		749,462
Microchip Technology, Inc.	24,000		706,320
Micron Technology, Inc. (a) (b)	256,900		1,040,445
			12,429,635
Software—2.0%
Adobe Systems, Inc. (b)	54,500		2,151,115
Microsoft Corp.	173,230		4,623,509
Oracle Corp. (b)	27,600		560,556
			7,335,180

Security Description	Shares	Value
Specialty Retail—2.7%
Best Buy Co., Inc.	132,200	$	4,957,500
Lowe’s Cos., Inc.	69,100		1,636,979
The Home Depot, Inc.	71,458		1,850,048
Urban Outfitters, Inc. (a) (b)	45,100		1,437,337
			9,881,864
Textiles, Apparel & Luxury Goods—0.6%
Hanesbrands, Inc. (a) (b)	87,387		1,900,667
Phillips-Van Heusen Corp.	11,100		420,801
			2,321,468
Thrifts & Mortgage Finance—1.2%
Astoria Financial Corp. (a)	24,200		501,666
Hudson City Bancorp, Inc.	203,200		3,749,040
			4,250,706
Tobacco—1.8%
Altria Group, Inc.	126,100		2,501,824
Philip Morris International, Inc.	82,700		3,977,870
			6,479,694
Water Utilities—0.4%
American Water Works Co., Inc.	60,300		1,296,450
Wireless Telecommunication Services—0.5%
American Tower Corp. (Class A) (b)	54,970		1,977,271
Total Common Stock (Identified Cost $401,014,481)			356,059,322
Preferred Stock—0.4%
Commercial Banks—0.1%
Fifth Third Bancorp	4,200		436,758
Consumer Finance—0.1%
SLM Corp.	320		199,640
Pharmaceuticals—0.2%
Schering-Plough Corp.	5,000		857,500
Total Preferred Stock (Identified Cost $1,990,000)			1,493,898
Units—0.3%
Hotels, Restaurants & Leisure—0.3%
Carnival Corp.	32,300		1,141,805
Total Units (Identified Cost $1,349,843)			1,141,805

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-35

Metropolitan Series Fund, Inc.

Capital Guardian U.S. Equity Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Fixed Income—Convertible—0.2%

Security Description	Face Amount		Value
Automobiles—0.2%
Ford Motor Co. 4.250%, 12/15/36	$	1,284,000	$	845,835
Total Fixed Income—Convertible (Identified Cost $1,291,979)				845,835
Short Term Investments—20.4%
Mutual Funds—19.7%
State Street Navigator Securities Lending Prime Portfolio (d)		71,881,198		71,881,198
Repurchase Agreement—0.7%
State Street Repurchase Agreement dated 09/30/08 at 0.300% to be repurchased at $2,407,020 on 10/01/08, collateralized by $2,460,000 Federal Home Loan Bank due 01/19/10 with a value of $2,457,442.		2,407,000		2,407,000
Total Short Term Investments (Identified Cost $74,288,198)				74,288,198
Total Investments—119.1% (Identified Cost $479,934,501) (e)				433,829,058
Liabilities in excess of other assets				(69,545,860	)
Total Net Assets—100%			$	364,283,198

(a) A portion or all of the security was held on loan. As of September 30, 2008, the market value of securities loaned was $ 72,109,789 and the collateral received consisted of cash in the amount of $ 71,881,198. The cash collateral is invested in a money market fund managed by an affiliate of the custodian.

(b) Non-Income Producing.

(c) Security was valued in good faith under procedures established by the Board of Directors.

(d) Represents investment of cash collateral received from securities lending transactions.

(e) The aggregate cost of investments for federal income tax purposes as of September 30, 2008 was $479,933,266 and the composition of unrealized appreciation and depreciation of investment securities was $25,403,780 and $(71,507,988), respectively.

(ADR)— An American Depositary Receipt is a certificate issued by a custodian bank representing the right to receive securities of the foreign issuer described. Trading on exchanges not located in the United States or Canada significantly influences the value of ADRs.

The Portfolio adopted the provisions of Statement of Financial Accounting Standards No. 157, “Fair Value Measurements” (FAS 157), effective with the beginning of the Portfolio’s fiscal year. FAS 157 establishes a framework for measuring fair value and expands disclosures about fair value measurements in financial statements. Management has evaluated the application of FAS 157 to the Portfolio, and has determined that the adoption of FAS 157 does not have a material impact on the Portfolio’s financial statements. The three levels of the hierarchy under FAS 157 are described below:

Level 1—quoted prices in active markets for identical securities

Level 2—other significant observable inputs (including quoted prices for similar securities, interest rates, credit risk, etc.)

Level 3—significant unobservable inputs (including the Adviser and Subadvisor’s own assumptions in determining the fair value of investments)

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

The following is a summary of the inputs used to value the Portfolio’s net assets as of September 30, 2008:

Valuation Inputs	Investments In Securities		Other Financial Instruments*
Level 1—Quoted Prices	$	429,518,537	$	0
Level 2—Other Significant Observable Inputs		4,309,975		0
Level 3—Significant Unobservable Inputs		546		0
Total	$	433,829,058	$	0

* Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures, forwards, swap contracts and written options, which are valued based on the unrealized appreciation/depreciation on the instrument.

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-36

Metropolitan Series Fund, Inc.

Davis Venture Value Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Common Stock—96.8% of Total Net Assets

Security Description	Shares	Value
Air Freight & Logistics—0.6%
Toll Holdings, Ltd. (AUD) (a)	649,665	$	3,643,184
United Parcel Service, Inc. (Class B)	278,800		17,533,732
			21,176,916
Airlines—0.0%
Virgin Blue Holdings, Ltd. (AUD)	649,665		167,832
Automobiles—0.9%
Harley-Davidson, Inc. (a)	928,270		34,624,471
Beverages—2.2%
Diageo, Plc. (ADR)	785,900		54,117,074
Heineken Holding NV (EUR)	775,143		30,773,524
			84,890,598
Capital Markets—6.0%
Ameriprise Financial, Inc.	562,196		21,475,887
E*TRADE Financial Corp. (a) (b)	958,200		2,682,960
Merrill Lynch & Co., Inc. (a)	3,568,673		90,287,427
Morgan Stanley	134,596		3,095,708
State Street Corp.	198,800		11,307,744
The Bank of New York Mellon Corp.	2,635,164		85,853,643
The Goldman Sachs Group, Inc.	111,330		14,250,240
			228,953,609
Commercial Banks—3.3%
Toronto-Dominion Bank (a)	321,613		19,615,177
Wachovia Corp. (a)	866,619		3,033,166
Wells Fargo & Co. (a)	2,720,600		102,104,118
			124,752,461
Commercial Services & Supplies—2.0%
Iron Mountain, Inc. (a) (b)	1,921,550		46,905,035
The Dun & Bradstreet Corp.	333,800		31,497,368
			78,402,403
Communications Equipment—0.6%
Cisco Systems, Inc. (b)	971,700		21,921,552
Computers & Peripherals—1.6%
Dell, Inc. (b)	1,469,820		24,222,634
Hewlett-Packard Co.	829,500		38,356,080
			62,578,714
Construction Materials—2.0%
Martin Marietta Materials, Inc. (a)	384,700		43,078,706
Vulcan Materials Co. (a)	440,300		32,802,350
			75,881,056
Consumer Finance—3.6%
American Express Co.	3,745,000		132,685,350
Discover Financial Services (a)	281,535		3,890,814
			136,576,164

Security Description	Shares	Value
Containers & Packaging—1.6%
Sealed Air Corp. (a)	2,724,100	$	59,902,959
Diversified Consumer Services—1.3%
H&R Block, Inc. (a)	2,202,830		50,114,382
Diversified Financial Services—6.2%
Citigroup, Inc.	1,035,873		21,245,755
JPMorgan Chase & Co.	3,978,287		185,786,003
Moody’s Corp. (a)	892,100		30,331,400
			237,363,158
Electrical Equipment—0.1%
ABB, Ltd. (ADR)	131,000		2,541,400
Electronic Equipment & Instruments—1.5%
Agilent Technologies, Inc. (b)	1,275,770		37,839,338
Tyco Electronics, Ltd.	640,462		17,715,179
			55,554,517
Energy Equipment & Services—0.8%
Transocean, Inc. (a) (b)	295,864		32,497,702
Food & Staples Retailing—6.0%
Costco Wholesale Corp.	2,559,700		166,201,321
CVS Caremark Corp.	1,675,691		56,403,759
Whole Foods Market, Inc. (a) (b)	371,600		7,443,148
			230,048,228
Food Products—0.2%
Hershey Co. (a)	235,352		9,305,818
Health Care Equipment & Supplies—0.9%
Covidien, Ltd.	658,342		35,392,466
Health Care Providers & Services—2.8%
Cardinal Health, Inc.	489,800		24,137,344
Express Scripts, Inc. (b)	596,400		44,026,248
UnitedHealth Group, Inc. (a)	1,593,430		40,457,188
			108,620,780
Household Durables—0.3%
Garmin, Ltd. (a)	181,500		6,160,110
Hunter Douglas NV (EUR) (a)	112,851		4,647,360
			10,807,470
Household Products—1.6%
Procter & Gamble Co.	874,300		60,929,967
Independent Power Producers & Energy Traders—0.3%
The AES Corp. (b)	1,138,000		13,303,220
Industrial Conglomerates—1.0%
Siemens AG (EUR)	174,237		16,355,811
Tyco International, Ltd. (a)	658,462		23,059,339
			39,415,150

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-37

Metropolitan Series Fund, Inc.

Davis Venture Value Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Common Stock—(Continued)

Security Description	Shares	Value
Insurance—12.0%
AMBAC Financial Group, Inc. (a)	950,659	$	2,215,035
American International Group, Inc.	3,141,674		10,461,774
Aon Corp.	823,900		37,042,544
Berkshire Hathaway, Inc. (Class A) (b)	1,123		146,663,800
Berkshire Hathaway, Inc. (Class B) (a) (b)	1,326		5,827,770
Everest Re Group, Ltd.	61,800		5,347,554
Loews Corp. (a)	2,211,044		87,314,128
Markel Corp. (b)	8,600		3,022,900
MBIA, Inc. (a) (b)	340,130		4,047,547
NIPPONKOA Insurance Co., Ltd. (JPY) (a)	2,408,300		13,633,409
Principal Financial Group, Inc. (a)	258,500		11,242,165
Sun Life Financial, Inc. (a)	149,200		5,277,204
The Progressive Corp. (a)	3,898,172		67,828,193
Tokio Marine Holdings, Inc. (JPY)	693,200		25,256,037
Transatlantic Holdings, Inc. (a)	592,856		32,221,724
			457,401,784
Internet & Catalog Retail—0.5%
Amazon.com, Inc. (a) (b)	178,500		12,987,660
Liberty Media Interactive (Series A) (a) (b)	618,150		7,980,316
			20,967,976
Internet Software & Services—1.0%
eBay, Inc. (b)	395,600		8,853,528
Google, Inc. (Class A) (b)	74,663		29,904,025
			38,757,553
IT Services—0.2%
Visa, Inc.	110,340		6,773,773
Machinery—0.1%
Paccar, Inc. (a)	63,200		2,413,608
Marine—0.2%
China Shipping Development Co., Ltd. (HKD)	6,478,000		8,556,889
Media—5.7%
Comcast Corp. (Special Class A)	4,617,522		91,057,534
Grupo Televisa S.A. (ADR)	2,028,060		44,353,672
Lagardere S.C.A. (EUR) (a)	136,796		6,183,096
Liberty Media Capital (Series A) (b)	124,390		1,664,338
Liberty Media Entertainment (Series A) (a) (b)	497,560		12,424,073
News Corp. (Class A)	3,411,400		40,902,686
WPP Group, Plc. (ADR) (a)	556,800		22,661,760
			219,247,159
Metals & Mining—0.6%
BHP Billiton, Plc. (GBP)	438,822		9,939,733
Rio Tinto, Plc. (GBP)	195,300		12,168,124
			22,107,857
Multiline Retail—0.4%
Sears Holdings Corp. (a) (b)	144,030		13,466,805

Security Description	Shares	Value
Oil, Gas & Consumable Fuels—15.1%
Canadian Natural Resources, Ltd.	1,154,000	$	79,002,840
China Coal Energy Co. (H Shares) (HKD) (a)	14,471,900		15,045,482
ConocoPhillips	2,192,228		160,580,701
Devon Energy Corp.	1,402,716		127,927,699
EOG Resources, Inc. (a)	1,129,100		101,009,286
Occidental Petroleum Corp.	1,316,400		92,740,380
OGX Petroleo e Gas Participacoes S.A. (BRL)	14,700		2,958,039
			579,264,427
Paper & Forest Products—0.5%
Sino-Forest Corp. (CAD) (b)	1,391,300		17,602,918
Personal Products—0.4%
Avon Products, Inc.	338,827		14,085,038
Pharmaceuticals—0.9%
Johnson & Johnson	298,200		20,659,296
Schering-Plough Corp.	795,600		14,694,732
			35,354,028
Real Estate Management & Development—0.7%
Brookfield Asset Management, Inc. (a)	545,465		14,967,560
Hang Lung Group, Ltd. (HKD) (a)	3,776,000		11,967,287
			26,934,847
Road & Rail—0.3%
Asciano Group, Ltd. (AUD) (a)	481,729		1,257,154
Kuehne & Nagel International AG (CHF)	177,555		11,892,898
			13,150,052
Semiconductors & Semiconductor Equipment—1.2%
Texas Instruments, Inc.	2,073,490		44,580,035
Software—2.1%
Microsoft Corp.	3,039,900		81,134,931
Specialty Retail—2.3%
Bed Bath & Beyond, Inc. (a) (b)	1,240,600		38,967,246
Carmax, Inc. (a) (b)	1,750,520		24,507,280
Lowe’s Cos., Inc.	661,800		15,678,042
Staples, Inc.	390,900		8,795,250
			87,947,818
Tobacco—4.0%
Altria Group, Inc. (a)	2,190,200		43,453,568
Philip Morris International, Inc.	2,255,800		108,503,980
			151,957,548
Transportation Infrastructure—0.8%
China Merchants Holdings International Co., Ltd. (HKD) (a)	8,096,635		26,033,981
Cosco Pacific, Ltd. (HKD) (a)	4,661,900		5,339,972
			31,373,953

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-38

Metropolitan Series Fund, Inc.

Davis Venture Value Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Common Stock—(Continued)

Security Description	Shares		Value
Wireless Telecommunication Services—0.4%
Sprint Nextel Corp. (b)		2,307,200	$	14,073,920
Total Common Stock (Identified Cost $3,472,786,765)				3,702,875,912
Units—0.2%
Textiles, Apparel & Luxury Goods—0.2%
Compagnie Financière Richemont S.A. (CHF)		150,900		6,732,649
Total Units (Identified Cost $8,883,351)				6,732,649
Fixed Income-Convertible—0.1%
Security Description	Face Amount		Value
Paper & Forest Products—0.1%
Sino-Forest Corp. (144A) 5.000%, 08/01/13 (a)	$	5,844,000		5,318,040
Total Fixed Income-Convertible (Identified Cost $5,844,000)				5,318,040
Short Term Investments—10.7%
Security Description	Face Amount/Shares		Value
Commercial Paper—2.6%
Intesa Funding, LLC 3.500%, 10/01/08		46,000,000		46,000,000
San Paolo U.S. Financial 3.500%, 10/03/08		22,493,000		22,488,626
Toyota Motor Credit Corp. 2.050%, 10/02/08		32,000,000		31,998,178
				100,486,804
Mutual Funds—8.1%
State Street Navigator Securities Lending Prime Portfolio (c)		310,821,410		310,821,410
Total Short Term Investments (Identified Cost $411,308,214)				411,308,214
Total Investments—107.8% (Identified Cost $3,898,822,330) (d)				4,126,234,815
Liabilities in excess of other assets				(300,015,628	)
Total Net Assets—100%			$	3,826,219,187

(a) A portion or all of the security was held on loan. As of September 30, 2008, the market value of securities loaned was $313,801,970 and the collateral received consisted of cash in the amount of $310,821,410 and non-cash collateral with a value of $555,546. The cash collateral is invested in a money market fund managed by an affiliate of the custodian. The non-cash collateral received consists primarily of government securities and bank letters of credit, and are held for the benefit of the Portfolio at the Portfolio’s custodian.

(b) Non-Income Producing.

(c) Represents investment of cash collateral received from securities lending transactions.

(d) The aggregate cost of investments for federal income tax purposes as of September 30, 2008 was $3,898,169,909 and the composition of unrealized appreciation and depreciation of investment securities was $841,028,589 and $(612,963,683), respectively.

(144A)— Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of September 30, 2008, the market value of 144A securities was $5,318,040, which is 0.1% of total net assets.

(ADR)— An American Depositary Receipt is a certificate issued by a custodian bank representing the right to receive securities of the foreign issuer described. Trading on exchanges not located in the United States or Canada significantly influences the value of ADRs.

(AUD)— Australian Dollar

(BRL)— Brazilian Real

(CAD)— Canadian Dollar

(CHF)— Swiss Franc

(EUR)— Euro

(GBP)— British Pound

(HKD)— Hong Kong Dollar

(JPY)— Japanese Yen

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-39

Metropolitan Series Fund, Inc.

Davis Venture Value Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

The Portfolio adopted the provisions of Statement of Financial Accounting Standards No. 157, “Fair Value Measurements” (FAS 157), effective with the beginning of the Portfolio’s fiscal year. FAS 157 establishes a framework for measuring fair value and expands disclosures about fair value measurements in financial statements. Management has evaluated the application of FAS 157 to the Portfolio, and has determined that the adoption of FAS 157 does not have a material impact on the Portfolio’s financial statements. The three levels of the hierarchy under FAS 157 are described below:

Level 1—quoted prices in active markets for identical securities

Level 2—other significant observable inputs (including quoted prices for similar securities, interest rates, credit risk, etc.)

Level 3—significant unobservable inputs (including the Adviser and Subadvisor’s own assumptions in determining the fair value of investments)

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

The following is a summary of the inputs used to value the Portfolio’s net assets as of September 30, 2008:

Valuation Inputs	Investments In Securities		Other Financial Instruments*
Level 1—Quoted Prices	$	3,790,274,593	$	0
Level 2—Other Significant Observable Inputs		335,960,222		0
Level 3—Significant Unobservable Inputs		0		0
Total	$	4,126,234,815	$	0

* Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures, forwards, swap contracts and written options, which are valued based on the unrealized appreciation/depreciation on the instrument.

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-40

Metropolitan Series Fund, Inc.

FI Large Cap Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Common Stock—100.1% of Total Net Assets

Security Description	Shares	Value
Aerospace & Defense—5.4%
Boeing Co.	29,050	$	1,666,018
Honeywell International, Inc.	125,950		5,233,222
Lockheed Martin Corp.	68,390		7,500,331
United Technologies Corp.	42,380		2,545,343
			16,944,914
Auto Components—1.6%
BorgWarner, Inc. (a)	155,400		5,092,458
Biotechnology—5.8%
Amgen, Inc. (b)	129,780		7,692,061
Biogen Idec, Inc. (b)	104,047		5,232,524
Gilead Sciences, Inc. (b)	120,080		5,473,246
			18,397,831
Capital Markets—2.0%
State Street Corp.	57,950		3,296,196
The Bank of New York Mellon Corp.	96,890		3,156,676
			6,452,872
Chemicals—3.0%
CF Industries Holdings, Inc.	58,990		5,395,225
Monsanto Co.	40,498		4,008,492
			9,403,717
Communications Equipment—3.5%
Cisco Systems, Inc. (b)	486,501		10,975,463
Computers & Peripherals—5.6%
Apple, Inc. (b)	48,930		5,561,384
EMC Corp. (b)	506,760		6,060,849
Hewlett-Packard Co.	69,370		3,207,669
International Business Machines Corp.	14,430		1,687,733
NetApp, Inc. (b)	72,220		1,316,571
			17,834,206
Containers & Packaging—0.7%
Owens-Illinois, Inc. (b)	72,130		2,120,622
Diversified Consumer Services—1.6%
H&R Block, Inc.	221,190		5,032,073
Diversified Financial Services—0.3%
Interactive Brokers Group, Inc. (a) (b)	38,170		846,229
Electrical Equipment—1.6%
Emerson Electric Co.	122,210		4,984,946
Energy Equipment & Services—2.1%
National Oilwell Varco, Inc. (b)	131,410		6,600,724
Food & Staples Retailing—8.0%
BJ’s Wholesale Club, Inc. (b)	99,070		3,849,860
CVS Caremark Corp.	234,700		7,900,002
Wal-Mart Stores, Inc.	223,980		13,414,162
			25,164,024

Security Description	Shares	Value
Food Products—1.8%
Bunge, Ltd.	60,900	$	3,847,662
Kellogg Co.	33,950		1,904,595
			5,752,257
Health Care Equipment & Supplies—2.9%
Baxter International, Inc.	59,860		3,928,612
Hospira, Inc. (b)	140,590		5,370,538
			9,299,150
Health Care Providers & Services—1.0%
Medco Health Solutions, Inc. (b)	73,400		3,303,000
Hotels, Restaurants & Leisure—1.9%
Burger King Holdings, Inc. (a)	243,197		5,972,918
Insurance—1.2%
The Chubb Corp.	67,040		3,680,496
Internet Software & Services—4.4%
Google, Inc. (Class A) (b)	34,720		13,906,054
IT Services—0.9%
Cognizant Technology Solutions Corp. (Class A) (b)	122,250		2,790,968
Life Sciences Tools & Services—1.7%
Charles River Laboratories International, Inc. (a) (b)	26,710		1,483,206
Thermo Fisher Scientific, Inc. (b)	72,030		3,961,650
			5,444,856
Machinery—4.7%
AGCO Corp. (a)	34,800		1,482,828
Bucyrus International, Inc.	38,330		1,712,584
Cummins, Inc.	63,170		2,761,792
Ingersoll-Rand Co., Ltd. (Class A)	94,900		2,958,033
Joy Global, Inc.	67,190		3,032,957
The Manitowoc Co., Inc.	188,970		2,938,484
			14,886,678
Multi-Utilities—0.5%
MDU Resources Group, Inc.	59,940		1,738,260
Oil, Gas & Consumable Fuels—9.9%
Apache Corp.	57,320		5,977,330
Chesapeake Energy Corp. (a)	50,100		1,796,586
ConocoPhillips	103,505		7,581,741
Exxon Mobil Corp.	41,120		3,193,379
Marathon Oil Corp.	39,030		1,556,126
Pioneer Natural Resources Co. (a)	46,530		2,432,588
Quicksilver Resources, Inc. (b)	198,590		3,898,322
St. Mary Land & Exploration Co. (a)	134,930		4,810,255
			31,246,327

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-41

Metropolitan Series Fund, Inc.

FI Large Cap Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Common Stock—(Continued)

Security Description	Shares	Value
Pharmaceuticals—2.4%
Allergan, Inc.	57,600	$	2,966,400
Bristol-Myers Squibb Co.	221,090		4,609,726
			7,576,126
Road & Rail—1.0%
Union Pacific Corp. (a)	46,060		3,277,630
Software—15.3%
BMC Software, Inc. (b)	224,160		6,417,701
McAfee, Inc. (b)	189,570		6,437,797
Microsoft Corp.	646,550		17,256,419
Nuance Communications, Inc. (a) (b)	464,430		5,661,402
Oracle Corp. (b)	537,590		10,918,453
Symantec Corp. (b)	83,950		1,643,741
			48,335,513
Specialty Retail—5.2%
Abercrombie & Fitch Co. (Class A) (a)	65,310		2,576,480
Best Buy Co., Inc. (a)	45,380		1,701,750
Lowe’s Cos., Inc.	222,060		5,260,601
TJX Cos., Inc.	221,640		6,764,453
			16,303,284
Textiles, Apparel & Luxury Goods—1.1%
Coach, Inc. (b)	141,750		3,549,420
Tobacco—2.0%
Lorillard, Inc.	89,370		6,358,675
Wireless Telecommunication Services—1.0%
NII Holdings, Inc. (a) (b)	82,990		3,146,981
Total Common Stock (Identified Cost $372,549,636)			316,418,672

Short Term Investments—12.1%
Security Description	Shares/ Face Amount		Value
Mutual Funds—10.8%
State Street Navigator Securities Lending Prime Portfolio (c)		34,022,015	$	34,022,015
Repurchase Agreement—1.3%
State Street Repurchase Agreement dated 09/30/08 at 0.300% to be repurchased at $4,101,034 on 10/01/08, collateralized by $4,190,000 Federal Home Loan Bank due 01/19/10 with a value of $4,185,642.	$	4,101,000		4,101,000
Total Short Term Investments (Identified Cost $38,123,015)				38,123,015
Total Investments—112.2% (Identified Cost $410,672,651) (d)				354,541,687
Liabilities in excess of other assets				(38,457,508	)
Total Net Assets—100%			$	316,084,179

(a) A portion or all of the security was held on loan. As of September 30, 2008, the market value of securities loaned was $ 34,428,503 and the collateral received consisted of cash in the amount of $ 34,022,015. The cash collateral is invested in a money market fund managed by an affiliate of the custodian.

(b) Non-Income Producing.

(c) Represents investment of cash collateral received from securities lending transactions.

(d) The aggregate cost of investments for federal income tax purposes as of September 30, 2008 was $410,672,651 and the composition of unrealized appreciation and depreciation of investment securities was $2,407,137 and $(58,538,101), respectively.

The Portfolio adopted the provisions of Statement of Financial Accounting Standards No. 157, “Fair Value Measurements” (FAS 157), effective with the beginning of the Portfolio’s fiscal year. FAS 157 establishes a framework for measuring fair value and expands disclosures about fair value measurements in financial statements. Management has evaluated the application of FAS 157 to the Portfolio, and has determined that the adoption of FAS 157 does not have a material impact on the Portfolio’s financial statements. The three levels of the hierarchy under FAS 157 are described below:

Level 1—quoted prices in active markets for identical securities

Level 2—other significant observable inputs (including quoted prices for similar securities, interest rates, credit risk, etc.)

Level 3—significant unobservable inputs (including the Adviser and Subadvisor’s own assumptions in determining the fair value of investments)

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

The following is a summary of the inputs used to value the Portfolio’s net assets as of September 30, 2008:

Valuation Inputs	Investments In Securities		Other Financial Instruments*
Level 1—Quoted Prices	$	350,440,687	$	0
Level 2—Other Significant Observable Inputs		4,101,000		0
Level 3—Significant Unobservable Inputs		0		0
Total	$	354,541,687	$	0

* Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures, forwards, swap contracts and written options, which are valued based on the unrealized appreciation/depreciation on the instrument.

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-42

Metropolitan Series Fund, Inc.

FI Mid Cap Opportunities Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Common Stock—98.2% of Total Net Assets

Security Description	Shares	Value
Biotechnology—3.0%
CSL, Ltd. (AUD)	671,432	$	20,237,057
Human Genome Sciences, Inc. (a)	225,000		1,428,750
InterMune, Inc. (a)	30,560		522,881
			22,188,688
Chemicals—9.2%
CF Industries Holdings, Inc. (b)	338,082		30,920,980
Monsanto Co.	315,480		31,226,211
The Mosaic Co. (b)	104,520		7,109,450
			69,256,641
Commercial Services & Supplies—3.2%
Copart, Inc. (a)	111,334		4,230,692
FTI Consulting, Inc. (a) (b)	14,090		1,017,862
The Brink’s Co.	313,250		19,114,515
			24,363,069
Communications Equipment—0.2%
Powerwave Technologies, Inc. (a)	341,540		1,352,498
Construction & Engineering—2.3%
Foster Wheeler, Ltd. (a)	482,800		17,433,908
Diversified Consumer Services—1.9%
DeVry, Inc. (b)	75,428		3,736,703
H&R Block, Inc.	447,410		10,178,577
Universal Technical Institute, Inc. (a) (b)	39,960		681,718
			14,596,998
Diversified Financial Services—12.6%
BM&F Bovespa S.A. (BRL)	3,298,800		14,579,763
CME Group, Inc. (b)	95,020		35,300,880
Interactive Brokers Group, Inc. (a) (b)	530,467		11,760,453
IntercontinentalExchange, Inc. (a) (b)	405,700		32,731,876
			94,372,972
Electrical Equipment—8.1%
Energy Conversion Devices, Inc. (a) (b)	781,600		45,528,200
SunPower Corp. (Class A) (a) (b)	121,100		8,589,623
SunPower Corp. (Class B) (a)	97,700		6,418,724
			60,536,547
Electronic Equipment & Instruments—1.1%
Itron, Inc. (a) (b)	90,420		8,004,883
Energy Equipment & Services—9.1%
ENSCO International, Inc. (b)	264,060		15,217,778
National Oilwell Varco, Inc. (a)	841,425		42,264,778
Noble Corp.	195,000		8,560,500
Pride International, Inc. (a)	76,600		2,268,126
			68,311,182
Health Care Equipment & Supplies—2.9%
Covidien, Ltd.	63,800		3,429,888
Edwards Lifesciences Corp. (a) (b)	98,080		5,665,101

Security Description	Shares	Value
Health Care Equipment & Supplies—(Continued)
Inverness Medical Innovations, Inc. (a) (b)	338,240	$	10,147,200
Masimo Corp. (a) (b)	63,440		2,359,968
			21,602,157
Health Care Providers & Services—0.9%
Medco Health Solutions, Inc. (a)	146,980		6,614,100
Hotels, Restaurants & Leisure—1.4%
Burger King Holdings, Inc.	440,920		10,828,995
Internet & Catalog Retail—2.6%
Priceline.com, Inc. (a) (b)	285,650		19,547,029
Internet Software & Services—5.0%
Equinix, Inc. (a) (b)	463,620		32,203,045
Telecity Group, Plc. (GBP)	1,450,500		5,698,070
			37,901,115
IT Services—1.0%
Global Payments, Inc.	115,190		5,167,423
Ness Technologies, Inc. (a)	214,000		2,454,580
			7,622,003
Life Sciences Tools & Services—6.8%
Charles River Laboratories International, Inc. (a) (b)	223,840		12,429,835
Icon, Plc. (ADR) (a)	603,600		23,087,700
Sequenom, Inc. (a)	572,960		15,252,195
			50,769,730
Machinery—5.7%
AGCO Corp. (b)	360,260		15,350,679
CNH Global NV (b)	150,780		3,323,191
Flowserve Corp. (b)	180,112		15,988,542
Titan International, Inc. (GBP)	350,028		306,956
Titan International, Inc. (b)	382,657		8,158,247
			43,127,615
Media—0.4%
Focus Media Holding, Ltd. (ADR) (a) (b)	104,200		2,970,742
Multiline Retail—0.5%
Big Lots, Inc. (a) (b)	136,060		3,786,550
Oil, Gas & Consumable Fuels—4.9%
EXCO Resources, Inc. (a) (b)	497,840		8,124,749
GMX Resources, Inc. (a) (b)	178,709		8,542,290
Goodrich Petroleum Corp. (a) (b)	68,770		2,997,684
PetroHawk Energy Corp. (a)	25,660		555,026
Southwestern Energy Co. (a)	552,370		16,869,380
			37,089,129
Road & Rail—0.1%
Kansas City Southern, Inc. (a) (b)	10,820		479,975

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-43

Metropolitan Series Fund, Inc.

FI Mid Cap Opportunities Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Common Stock—(Continued)

Security Description	Shares		Value
Semiconductors & Semiconductor Equipment—0.7%
Advanced Energy Industries, Inc. (a)		118,800	$	1,625,184
FormFactor, Inc. (a)		203,060		3,537,305
				5,162,489
Software—3.8%
Nuance Communications, Inc. (a) (b)		2,342,449		28,554,453
Textiles, Apparel & Luxury Goods—0.7%
Gildan Activewear, Inc. (CAD)		219,100		4,888,872
Wireless Telecommunication Services—10.1%
American Tower Corp. (Class A) (a) (b)		718,439		25,842,251
NII Holdings, Inc. (a)		1,318,400		49,993,728
				75,835,979
Total Common Stock (Identified Cost $909,833,877)				737,198,319
Short Term Investments—28.3%
Security Description	Shares/Face Amount		Value
Mutual Funds—27.3%
State Street Navigator Securities Lending Prime Portfolio (c)		205,023,542		205,023,542
Repurchase Agreement—1.0%
State Street Repurchase Agreement dated 09/30/08 at 0.400% to be repurchased at $7,866,087 on 10/01/08, collateralized by $8,035,000 Federal Home Loan Bank 2.399% due 01/13/10 with a value of $8,026,965.	$	7,866,000		7,866,000
Total Short Term Investments (Identified Cost $212,889,542)				212,889,542
Total Investments—126.5% (Identified Cost $1,122,723,419) (d)				950,087,861
Liabilities in excess of other assets				(199,169,403	)
Total Net Assets—100%			$	750,918,458

(a) Non-Income Producing.

(b) A portion or all of the security was held on loan. As of September 30, 2008, the market value of securities loaned was $210,807,412 and the collateral received consisted of cash in the amount of $205,023,542. The cash collateral is invested in a money market fund managed by an affiliate of the custodian.

(c) Represents investment of cash collateral received from securities lending transactions.

(d) The aggregate cost of investments for federal income tax purposes as of September 30, 2008 was $1,124,197,547 and the composition of unrealized appreciation and depreciation of investment securities was $23,029,882 and $(197,139,568), respectively.

(ADR)— An American Depositary Receipt is a certificate issued by a custodian bank representing the right to receive securities of the foreign issuer described. Trading on exchanges not located in the United States or Canada significantly influences the value of ADRs.

(AUD)— Australian Dollar

(BRL)— Brazilian Real

(CAD)— Canadian Dollar

(GBP)— British Pound

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-44

Metropolitan Series Fund, Inc.

FI Mid Cap Opportunities Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

The Portfolio adopted the provisions of Statement of Financial Accounting Standards No. 157, “Fair Value Measurements” (FAS 157), effective with the beginning of the Portfolio’s fiscal year. FAS 157 establishes a framework for measuring fair value and expands disclosures about fair value measurements in financial statements. Management has evaluated the application of FAS 157 to the Portfolio, and has determined that the adoption of FAS 157 does not have a material impact on the Portfolio’s financial statements. The three levels of the hierarchy under FAS 157 are described below:

Level 1—quoted prices in active markets for identical securities

Level 2—other significant observable inputs (including quoted prices for similar securities, interest rates, credit risk, etc.)

Level 3—significant unobservable inputs (including the Adviser and Subadvisor’s own assumptions in determining the fair value of investments)

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

The following is a summary of the inputs used to value the Portfolio’s net assets as of September 30, 2008:

Valuation Inputs	Investments In Securities		Other Financial Instruments*
Level 1—Quoted Prices	$	896,511,145	$	0
Level 2—Other Significant Observable Inputs		53,576,716		0
Level 3—Significant Unobservable Inputs		0		0
Total	$	950,087,861	$	0

* Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures, forwards, swap contracts and written options, which are valued based on the unrealized appreciation/depreciation on the instrument.

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-45

Metropolitan Series Fund, Inc.

FI Value Leaders Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Common Stock—99.8% of Total Net Assets

Security Description	Shares	Value
Aerospace & Defense—2.8%
L-3 Communications Holdings, Inc.	40,500	$	3,981,960
Lockheed Martin Corp.	43,120		4,728,970
United Technologies Corp.	128,930		7,743,536
			16,454,466
Auto Components—0.7%
The Goodyear Tire & Rubber Co.	278,620		4,265,672
Beverages—1.3%
Molson Coors Brewing Co. (a)	161,030		7,528,153
Biotechnology—1.5%
Amgen, Inc. (b)	152,830		9,058,234
Capital Markets—4.0%
Federated Investors, Inc. (Class B)	68,500		1,976,225
Franklin Resources, Inc.	52,130		4,594,217
State Street Corp.	103,460		5,884,805
The Bank of New York Mellon Corp.	354,390		11,546,026
			24,001,273
Chemicals—1.4%
Celanese Corp.	109,570		3,058,099
CF Industries Holdings, Inc.	57,280		5,238,829
			8,296,928
Commercial Banks—3.5%
National City Corp.	914,487		1,600,352
SunTrust Banks, Inc. (a)	136,580		6,144,734
Wells Fargo & Co. (a)	344,380		12,924,582
			20,669,668
Commercial Services & Supplies – 1.4%
Allied Waste Industries, Inc. (b)	309,710		3,440,878
R.R. Donnelley & Sons Co.	203,200		4,984,496
			8,425,374
Consumer Finance—0.6%
Capital One Financial Corp. (a)	69,630		3,551,130
Containers & Packaging—0.7%
Owens-Illinois, Inc. (b)	133,270		3,918,138
Diversified Financial Services—9.4%
Bank of America Corp.	785,604		27,496,140
Citigroup, Inc.	591,000		12,121,410
CME Group, Inc. (a)	13,190		4,900,217
Interactive Brokers Group, Inc. (a) (b)	220,240		4,882,721
JPMorgan Chase & Co.	132,618		6,193,260
			55,593,748
Diversified Telecommunication Services—4.2%
AT&T, Inc.	473,500		13,220,120
Embarq Corp.	138,510		5,616,581

Security Description	Shares	Value
Diversified Telecommunication Services—(Continued)
Qwest Communications International, Inc. (a)	1,840,380	$	5,944,427
			24,781,128
Electric Utilities—2.4%
Duke Energy Corp.	521,440		9,088,699
Pepco Holdings, Inc. (a)	236,220		5,411,800
			14,500,499
Electronic Equipment & Instruments—1.2%
Avnet, Inc. (b)	122,360		3,013,727
Tyco Electronics, Ltd.	157,800		4,364,748
			7,378,475
Energy Equipment & Services—1.0%
ENSCO International, Inc. (a)	105,070		6,055,184
Food & Staples Retailing—2.4%
CVS Caremark Corp.	202,470		6,815,140
SYSCO Corp.	143,210		4,415,164
The Kroger Co.	112,530		3,092,325
			14,322,629
Food Products—1.3%
Bunge, Ltd. (a)	89,600		5,660,928
Tyson Foods, Inc. (Class A) (a)	171,720		2,050,337
			7,711,265
Gas Utilities—0.9%
Energen Corp.	118,670		5,373,378
Health Care Providers & Services—2.7%
Cigna Corp.	115,940		3,939,641
McKesson Corp.	89,010		4,789,628
WellPoint, Inc. (b)	160,970		7,528,567
			16,257,836
Household Products—1.2%
Procter & Gamble Co.	101,560		7,077,716
Independent Power Producers & Energy Traders—0.4%
Reliant Energy, Inc. (b)	322,030		2,366,921
Industrial Conglomerates—2.9%
General Electric Co.	676,770		17,257,635
Insurance—10.2%
ACE, Ltd.	156,934		8,494,837
Allied World Assurance Holdings, Ltd. (b)	51,100		1,815,072
Assurant, Inc. (a)	95,040		5,227,200
Berkshire Hathaway, Inc. (Class B) (a) (b)	1,710		7,515,450
Lincoln National Corp.	205,920		8,815,435
Loews Corp. (a)	167,650		6,620,499
PartnerRe, Ltd. (a)	61,100		4,160,299
The Chubb Corp.	139,930		7,682,157

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-46

Metropolitan Series Fund, Inc.

FI Value Leaders Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Common Stock—(Continued)

Security Description	Shares	Value
Insurance—(Continued)
The Hartford Financial Services Group, Inc.	88,320	$	3,620,237
XL Capital, Ltd. (Class A)	352,450		6,322,953
			60,274,139
IT Services—0.7%
Accenture, Ltd. (Class A)	103,000		3,914,000
Machinery—1.1%
AGCO Corp. (a)	155,610		6,630,542
Marine—0.5%
Alexander & Baldwin, Inc.	68,960		3,036,309
Media—3.2%
DISH Network Corp. (b)	171,050		3,592,050
News Corp. (Class A)	746,120		8,945,979
Time Warner, Inc.	491,120		6,438,583
			18,976,612
Metals & Mining—2.0%
Freeport-McMoRan Copper & Gold, Inc.	112,940		6,420,639
Nucor Corp.	138,470		5,469,565
			11,890,204
Multi-Utilities—1.4%
CMS Energy Corp. (a)	291,150		3,630,640
Public Service Enterprise Group, Inc.	148,040		4,854,232
			8,484,872
Multiline Retail—0.7%
J.C. Penney Co., Inc. (a)	127,700		4,257,518
Oil, Gas & Consumable Fuels—15.0%
Apache Corp.	95,850		9,995,238
Chevron Corp.	120,380		9,928,942
ConocoPhillips	361,501		26,479,948
Exxon Mobil Corp.	344,940		26,788,041
Mariner Energy, Inc. (a) (b)	195,864		4,015,212
Valero Energy Corp.	385,200		11,671,560
			88,878,941
Pharmaceuticals—7.1%
Endo Pharmaceuticals Holdings, Inc. (b)	101,210		2,024,200
Johnson & Johnson	97,690		6,767,963
Merck & Co., Inc.	222,980		7,037,249
Pfizer, Inc.	894,690		16,498,083
Wyeth	272,820		10,077,971
			42,405,466
Real Estate Management & Development—0.6%
Jones Lang LaSalle, Inc.	80,730		3,510,140
Road & Rail—1.1%
Norfolk Southern Corp.	98,300		6,508,443

Security Description	Shares		Value
Semiconductors & Semiconductor Equipment—0.5%
Lam Research Corp. (b)		91,720	$	2,888,263
Software—0.8%
Microsoft Corp.		181,720		4,850,107
Specialty Retail—2.9%
Abercrombie & Fitch Co. (Class A) (a)		132,520		5,227,914
The Home Depot, Inc.		457,160		11,835,872
				17,063,786
Textiles, Apparel & Luxury Goods—0.7%
Coach, Inc. (b)		162,000		4,056,480
Tobacco—2.3%
Altria Group, Inc.		425,080		8,433,587
Lorillard, Inc.		74,880		5,327,712
				13,761,299
Wireless Telecommunication Services—1.1%
NII Holdings, Inc. (b)		163,830		6,212,434
Total Common Stock (Identified Cost $665,835,198)				592,445,005
Short Term Investments—16.3%
Security Description	Shares/Face Amount		Value
Mutual Funds—16.0%
State Street Navigator Securities Lending Prime Portfolio (c)		94,727,420		94,727,420
Repurchase Agreement—0.3%
State Street Repurchase Agreement dated 09/30/08 at 0.30% to be repurchased at $1,922,016 on 10/01/08, collateralized by $1,965,000 Federal Home Loan Bank due 01/19/10 with a value of $1,962,956.	$	1,922,000		1,922,000
Total Short Term Investments (Identified Cost $96,649,420)				96,649,420
Total Investments—116.1% (Identified Cost $762,484,618) (d)				689,094,425
Liabilities in excess of other assets				(95,737,762	)
Total Net Assets—100%			$	593,356,663

(a) A portion or all of the security was held on loan. As of September 30, 2008, the market value of securities loaned was $107,553,352 and the collateral received consisted of cash in the amount of $94,727,420 and non-cash collateral with a value of $5,716,412. The cash collateral is invested in a money market fund managed by an affiliate of the custodian. The non-cash collateral received consists primarily of government securities and bank letters of credit, and are held for the benefit of the Portfolio at the Portfolio’s custodian.

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-47

Metropolitan Series Fund, Inc.

FI Value Leaders Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

(b) Non-Income Producing.

(c) Represents investment of cash collateral received from securities lending transactions.

(d) The aggregate cost of investments for federal income tax purposes as of September 30, 2008 was $762,553,135 and the composition of unrealized appreciation and depreciation of investment securities was $13,333,502 and $(86,792,212), respectively.

The Portfolio adopted the provisions of Statement of Financial Accounting Standards No. 157, “Fair Value Measurements” (FAS 157), effective with the beginning of the Portfolio’s fiscal year. FAS 157 establishes a framework for measuring fair value and expands disclosures about fair value measurements in financial statements. Management has evaluated the application of FAS 157 to the Portfolio, and has determined that the adoption of FAS 157 does not have a material impact on the Portfolio’s financial statements. The three levels of the hierarchy under FAS 157 are described below:

Level 1—quoted prices in active markets for identical securities

Level 2—other significant observable inputs (including quoted prices for similar securities, interest rates, credit risk, etc.)

Level 3—significant unobservable inputs (including the Adviser and Subadvisor’s own assumptions in determining the fair value of investments)

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

The following is a summary of the inputs used to value the Portfolio’s net assets as of September 30, 2008:

Valuation Inputs	Investments In Securities		Other Financial Instruments*
Level 1—Quoted Prices	$	687,172,425	$	0
Level 2—Other Significant Observable Inputs		1,922,000		0
Level 3—Significant Unobservable Inputs		0		0
Total	$	689,094,425	$	0

* Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures, forwards, swap contracts and written options, which are valued based on the unrealized appreciation/depreciation on the instrument.

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-48

Metropolitan Series Fund, Inc.

Franklin Templeton Small Cap Growth Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Common Stock—97.5% of Total Net Assets

Security Description	Shares	Value
Aerospace & Defense—3.2%
Applied Signal Technology, Inc.	8,600	$	149,468
BE Aerospace, Inc. (a)	58,900		932,387
Orbital Sciences Corp. (a) (b)	38,100		913,257
Stanley, Inc. (a)	19,993		737,942
			2,733,054
Air Freight & Logistics—0.4%
Pacer International, Inc. (b)	20,900		344,223
Airlines—1.8%
Allegiant Travel Co. (a) (b)	43,300		1,529,356
Auto Components—1.5%
Drew Industries, Inc. (a) (b)	49,300		843,523
Tenneco, Inc. (a) (b)	43,700		464,531
			1,308,054
Beverages—1.5%
Hansen Natural Corp. (a) (b)	43,400		1,312,850
Biotechnology—2.4%
Cepheid (a)	24,900		344,367
Myriad Genetics, Inc. (a) (b)	26,400		1,712,832
			2,057,199
Capital Markets—1.0%
optionsXpress Holdings, Inc. (b)	31,600		613,672
Waddell & Reed Financial, Inc. (Class A)	9,500		235,125
			848,797
Chemicals—1.3%
FMC Corp.	21,100		1,084,329
Commercial Services & Supplies—3.8%
FTI Consulting, Inc. (a)	6,900		498,456
Huron Consulting Group, Inc. (a) (b)	26,600		1,515,668
Mobile Mini, Inc. (a) (b)	63,900		1,235,187
			3,249,311
Communications Equipment—4.9%
Ixia (a) (b)	165,645		1,220,804
Riverbed Technology, Inc. (a) (b)	74,200		928,984
ViaSat, Inc. (a)	87,100		2,053,818
			4,203,606
Computers & Peripherals—1.6%
Compellent Technologies, Inc. (a) (b)	63,300		784,920
Xyratex, Ltd. (a)	49,300		548,709
			1,333,629
Diversified Consumer Services—3.8%
K12, Inc. (a)	19,400		514,100
Strayer Education, Inc. (b)	8,000		1,602,080
Universal Technical Institute, Inc. (a) (b)	68,200		1,163,492
			3,279,672

Security Description	Shares	Value
Diversified Financial Services—0.9%
MSCI, Inc. (a)	32,200	$	772,800
Electrical Equipment—0.5%
Yingli Green Energy Holding, Co. Ltd. (ADR) (a) (b)	35,200		387,904
Electronic Equipment & Instruments—7.3%
Coherent, Inc. (a) (b)	48,900		1,738,395
FARO Technologies, Inc. (a) (b)	52,900		1,077,573
FLIR Systems, Inc. (a) (b)	34,500		1,325,490
National Instruments Corp.	27,800		835,390
Trimble Navigation, Ltd. (a) (b)	47,100		1,218,006
			6,194,854
Energy Equipment & Services—3.5%
Dril-Quip, Inc. (a)	23,400		1,015,326
Helix Energy Solutions Group, Inc. (a) (b)	34,300		832,804
Superior Energy Services, Inc. (a)	35,700		1,111,698
			2,959,828
Food Products—1.9%
Hain Celestial Group, Inc. (a) (b)	57,600		1,585,728
Health Care Equipment & Supplies—3.0%
American Medical Systems Holdings, Inc. (a) (b)	104,900		1,863,024
DexCom, Inc. (a) (b)	101,400		627,666
TomoTherapy, Inc. (a) (b)	16,000		73,280
			2,563,970
Health Care Providers & Services—4.8%
MWI Veterinary Supply, Inc. (a) (b)	19,400		762,226
Psychiatric Solutions, Inc. (a) (b)	55,000		2,087,250
VCA Antech, Inc. (a) (b)	41,900		1,234,793
			4,084,269
Hotels, Restaurants & Leisure—2.7%
Chipotle Mexican Grill, Inc. (a) (b)	6,800		317,900
Panera Bread Co. (a) (b)	17,300		880,570
Shuffle Master, Inc. (a) (b)	222,300		1,131,507
			2,329,977
Insurance—0.6%
Assured Guaranty, Ltd. (b)	29,200		474,792
Internet & Catalog Retail—0.8%
Gaiam, Inc. (a) (b)	56,600		599,960
Shutterfly, Inc. (a) (b)	12,576		120,855
			720,815
Internet Software & Services—1.7%
DealerTrack Holdings, Inc. (a) (b)	44,700		752,748
Omniture, Inc. (a) (b)	39,900		732,564
			1,485,312

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-49

Metropolitan Series Fund, Inc.

Franklin Templeton Small Cap Growth Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Common Stock—(Continued)

Security Description	Shares	Value
IT Services—5.0%
Cybersource Corp. (a)	66,000	$	1,063,260
Heartland Payment Systems, Inc. (b)	36,600		935,496
Sapient Corp. (a)	219,900		1,633,857
VeriFone Holdings, Inc. (a) (b)	40,900		676,486
			4,309,099
Life Sciences Tools & Services—4.4%
Parexel International Corp. (a)	44,600		1,278,236
Sequenom, Inc. (a) (b)	53,159		1,415,092
Varian, Inc. (a)	23,800		1,021,020
			3,714,348
Machinery—0.4%
Force Protection, Inc. (a) (b)	128,700		344,916
Media—1.5%
Lions Gate Entertainment Corp. (a) (b)	137,400		1,250,340
Oil, Gas & Consumable Fuels—4.2%
Bill Barrett Corp. (a) (b)	28,900		927,979
Carrizo Oil & Gas, Inc. (a)	39,900		1,447,173
Mariner Energy, Inc. (a) (b)	58,100		1,191,050
			3,566,202
Pharmaceuticals—2.8%
Angiotech Pharmaceuticals, Inc. (a) (b)	235,000		185,650
Cadence Pharmaceuticals, Inc. (a) (b)	66,594		591,354
Impax Laboratories, Inc. (a) (b) (c)	35,400		251,765
KV Pharmaceutical Co. (a)	54,900		1,246,779
Penwest Pharmaceuticals Co. (a) (b)	76,400		157,384
			2,432,932
Real Estate Investment Trusts—0.9%
FelCor Lodging Trust, Inc. (b)	85,700		613,612
iStar Financial, Inc. (b)	74,300		193,180
			806,792
Semiconductors & Semiconductor Equipment—12.6%
Advanced Analogic Technologies, Inc. (a) (b)	107,600		500,340
Atheros Communications, Inc. (a) (b)	41,700		983,286
FormFactor, Inc. (a) (b)	61,300		1,067,846
Microsemi Corp. (a) (b)	81,320		2,072,034
Microtune, Inc. (a)	232,700		623,636
NetLogic Microsystems, Inc. (a) (b)	57,400		1,735,776
Power Integrations, Inc. (a) (b)	58,300		1,405,030
Silicon Laboratories, Inc. (a)	45,100		1,384,570
Varian Semiconductor Equipment Associates, Inc. (a)	40,200		1,009,824
			10,782,342
Software—6.8%
Ansys, Inc. (a)	25,800		977,046
Bottomline Technologies, Inc. (a)	142,800		1,485,120
EPIQ System, Inc. (a) (b)	46,300		629,680
Nuance Communications, Inc. (a)	88,500		1,078,815

Security Description	Shares		Value
Software—(Continued)
Quest Software, Inc. (a)		129,700	$	1,645,893
				5,816,554
Specialty Retail—1.3%
Tractor Supply Co. (a) (b)		26,200		1,101,710
Textiles, Apparel & Luxury Goods—1.2%
FGX International Holdings, Ltd. (a)		94,300		1,043,901
Wireless Telecommunication Services—1.5%
SBA Communications Corp. (a) (b)		47,900		1,239,173
Total Common Stock (Identified Cost $93,693,755)				83,252,638
Short Term Investments—32.0%
Security Description	Face Amount/Shares		Value
Discount Notes—2.7%
Federal Home Loan Bank 0.0683%, 10/01/08	$	2,305,000		2,305,000
Mutual Funds—29.3%
State Street Navigator Securities Lending Prime Portfolio (d)		24,995,582		24,995,582
Total Short Term Investments (Identified Cost $27,300,582)				27,300,582
Total Investments—129.5% (Identified Cost $120,994,337) (e)				110,553,220
Liabilities in excess of other assets				(25,161,473	)
Total Net Assets—100%			$	85,391,747

(a) Non-Income Producing.

(b) A portion or all of the security was held on loan. As of September 30, 2008, the market value of securities loaned was $25,032,953 and the collateral received consisted of cash in the amount of $24,995,582 and non-cash collateral with a value of $39,646. The cash collateral is invested in a money market fund managed by an affiliate of the custodian. The non-cash collateral received consists primarily of government securities and bank letters of credit, and are held for the benefit of the Portfolio at the Portfolio’s custodian.

(c) Security was valued in good faith under procedures established by the Board of Directors.

(d) Represents investment of cash collateral received from securities lending transactions.

(e) The aggregate cost of investments for federal income tax purposes as of September 30, 2008 was $120,994,337 and the composition of unrealized appreciation and depreciation of investment securities was $5,691,527 and $(16,132,644), respectively.

(ADR)— An American Depositary Receipt is a certificate issued by a custodian bank representing the right to receive securities of the foreign issuer described. Trading on exchanges not located in the United States or Canada significantly influences the value of ADRs.

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-50

Metropolitan Series Fund, Inc.

Franklin Templeton Small Cap Growth Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

The Portfolio adopted the provisions of Statement of Financial Accounting Standards No. 157, “Fair Value Measurements” (FAS 157), effective with the beginning of the Portfolio’s fiscal year. FAS 157 establishes a framework for measuring fair value and expands disclosures about fair value measurements in financial statements. Management has evaluated the application of FAS 157 to the Portfolio, and has determined that the adoption of FAS 157 does not have a material impact on the Portfolio’s financial statements. The three levels of the hierarchy under FAS 157 are described below:

Level 1—quoted prices in active markets for identical securities

Level 2—other significant observable inputs (including quoted prices for similar securities, interest rates, credit risk, etc.)

Level 3—significant unobservable inputs (including the Adviser and Subadvisor’s own assumptions in determining the fair value of investments)

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

The following is a summary of the inputs used to value the Portfolio’s net assets as of September 30, 2008:

Valuation Inputs	Investments In Securities		Other Financial Instruments*
Level 1—Quoted Prices	$	107,996,455	$	0
Level 2—Other Significant Observable Inputs		2,305,000		0
Level 3—Significant Unobservable Inputs		251,765		0
Total	$	110,553,220	$	0

* Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures, forwards, swap contracts and written options, which are valued based on the unrealized appreciation/depreciation on the instrument.

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-51

Metropolitan Series Fund, Inc.

Harris Oakmark Focused Value Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Common Stock—95.6% of Total Net Assets

Security Description	Shares	Value
Beverages—4.4%
Dr. Pepper Snapple Group, Inc. (a)	1,971,031	$	52,192,901
Capital Markets—13.5%
Legg Mason, Inc. (b)	1,800,000		68,508,000
Merrill Lynch & Co., Inc. (b)	2,500,000		63,250,000
Morgan Stanley	1,241,000		28,543,000
			160,301,000
Chemicals—3.3%
International Flavors & Fragrances, Inc.	1,000,000		39,460,000
Commercial Services & Supplies—6.7%
Robert Half International, Inc. (b)	3,190,000		78,952,500
Computers & Peripherals—8.7%
Dell, Inc. (a) (b)	2,700,000		44,496,000
Teradata Corp. (a)	3,000,000		58,500,000
			102,996,000
Consumer Finance—4.3%
Discover Financial Services (b)	3,700,000		51,134,000
Health Care Equipment & Supplies—5.0%
Hospira, Inc. (a) (b)	1,540,000		58,828,000
Health Care Providers & Services—2.1%
Tenet Healthcare Corp. (a) (b)	4,400,000		24,420,000
Hotels, Restaurants & Leisure—7.3%
Starwood Hotels & Resorts Worldwide, Inc. (b)	1,900,000		53,466,000
Yum! Brands, Inc. (b)	1,000,000		32,610,000
			86,076,000
Household Durables—2.0%
Snap-On, Inc.	453,505		23,881,573
Internet & Catalog Retail—0.1%
Liberty Media Interactive (Series A) (a)	95,000		1,226,450
Life Sciences Tools & Services—5.5%
PerkinElmer, Inc.	2,600,000		64,922,000
Machinery—2.9%
ITT Corp. (b)	609,700		33,905,417
Media—2.6%
Liberty Media Capital (Series A) (a)	2,300,000		30,774,000
Personal Products—4.9%
Avon Products, Inc.	1,400,000		58,198,000
Semiconductors & Semiconductor Equipment—12.3%
Intel Corp.	4,300,000		80,539,000
National Semiconductor Corp.	3,804,000		65,466,840
			146,005,840

Security Description	Shares		Value
Specialty Retail—10.0%
Advance Auto Parts, Inc.		1,000,000	$	39,660,000
Carmax, Inc. (a) (b)		1,552,800		21,739,200
Tiffany & Co. (b)		1,590,000		56,476,800
				117,876,000
Total Common Stock (Identified Cost $1,334,684,557)				1,131,149,681
Short Term Investments—17.3%
Security Description	Shares/Face Amount		Value
Mutual Funds—11.9%
State Street Navigator Securities Lending Prime Portfolio (c)		140,744,349		140,744,349
Repurchase Agreement—5.4%
State Street Repurchase Agreement dated 09/30/08 at 0.400% to be repurchased at $64,548,717 on 10/01/08, collateralized by $65,910,000 Federal Home Loan Bank due 01/19/10 with a value of $65,841,454.	$	64,548,000		64,548,000
Total Short Term Investments (Identified Cost $205,292,349)				205,292,349
Total Investments—112.9% (Identified Cost $1,539,976,906) (d)				1,336,442,030
Liabilities in excess of other assets				(153,211,566	)
Total Net Assets—100%			$	1,183,230,464

(a) Non-Income Producing.

(b) A portion or all of the security was held on loan. As of September 30, 2008, the market value of securities loaned was $141,164,680 and the collateral received consisted of cash in the amount of $140,744,349. The cash collateral is invested in a money market fund managed by an affiliate of the custodian.

(c) Represents investment of cash collateral received from securities lending transactions.

(d) The aggregate cost of investments for federal income tax purposes as of September 30, 2008 was $1,539,976,906 and the composition of unrealized appreciation and depreciation of investment securities was $39,714,296 and $(243,249,172), respectively.

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-52

Metropolitan Series Fund, Inc.

Harris Oakmark Focused Value Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

The Portfolio adopted the provisions of Statement of Financial Accounting Standards No. 157, “Fair Value Measurements” (FAS 157), effective with the beginning of the Portfolio’s fiscal year. FAS 157 establishes a framework for measuring fair value and expands disclosures about fair value measurements in financial statements. Management has evaluated the application of FAS 157 to the Portfolio, and has determined that the adoption of FAS 157 does not have a material impact on the Portfolio’s financial statements. The three levels of the hierarchy under FAS 157 are described below:

Level 1—quoted prices in active markets for identical securities

Level 2—other significant observable inputs (including quoted prices for similar securities, interest rates, credit risk, etc.)

Level 3—significant unobservable inputs (including the Adviser and Subadvisor’s own assumptions in determining the fair value of investments)

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

The following is a summary of the inputs used to value the Portfolio’s net assets as of September 30, 2008:

Valuation Inputs	Investments In Securities		Other Financial Instruments*
Level 1—Quoted Prices	$	1,271,894,030	$	0
Level 2—Other Significant Observable Inputs		64,548,000		0
Level 3—Significant Unobservable Inputs		0		0
Total	$	1,336,442,030	$	0

* Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures, forwards, swap contracts and written options, which are valued based on the unrealized appreciation/depreciation on the instrument.

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-53

Metropolitan Series Fund, Inc.

Jennison Growth Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Common Stock—97.6% of Total Net Assets

Security Description	Shares	Value
Aerospace & Defense—4.7%
Lockheed Martin Corp.	133,500	$	14,640,945
Raytheon Co.	334,100		17,877,691
United Technologies Corp.	337,700		20,282,262
			52,800,898
Beverages—3.4%
PepsiCo, Inc.	370,600		26,412,662
The Coca-Cola Co.	225,200		11,908,576
			38,321,238
Biotechnology—9.5%
Celgene Corp. (a)	368,100		23,293,368
Genentech, Inc. (a)	364,300		32,306,124
Gilead Sciences, Inc. (a)	1,141,900		52,047,802
			107,647,294
Capital Markets—5.4%
Lazard, Ltd. (b)	153,200		6,550,832
The Charles Schwab Corp.	1,307,900		34,005,400
The Goldman Sachs Group, Inc. (b)	161,900		20,723,200
			61,279,432
Chemicals—3.4%
Monsanto Co.	382,300		37,840,054
Communications Equipment—7.5%
Cisco Systems, Inc. (a)	1,701,100		38,376,816
Nokia Corp. (ADR)	170,800		3,185,420
QUALCOMM, Inc.	690,100		29,653,597
Research In Motion, Ltd. (a)	198,900		13,584,870
			84,800,703
Computers & Peripherals—5.2%
Apple, Inc. (a)	180,500		20,515,630
Hewlett-Packard Co.	818,000		37,824,320
			58,339,950
Diversified Financial Services—0.8%
JPMorgan Chase & Co.	196,900		9,195,230
Electrical Equipment—2.2%
ABB, Ltd. (ADR)	647,800		12,567,320
First Solar, Inc. (a)	63,300		11,958,003
			24,525,323
Energy Equipment & Services—4.8%
Halliburton Co.	504,600		16,343,994
Schlumberger, Ltd.	487,700		38,084,493
			54,428,487
Food & Staples Retailing—7.3%
Costco Wholesale Corp.	352,500		22,887,825
CVS Caremark Corp.	701,900		23,625,954

Security Description	Shares	Value
Food & Staples Retailing—(Continued)
Wal-Mart Stores, Inc.	595,100	$	35,640,539
			82,154,318
Health Care Equipment & Supplies—6.0%
Alcon, Inc.	202,300		32,673,473
Baxter International, Inc.	532,500		34,947,975
			67,621,448
Health Care Providers & Services—1.6%
Medco Health Solutions, Inc. (a)	409,200		18,414,000
Hotels, Restaurants & Leisure—0.7%
Marriott International, Inc. (b)	296,000		7,722,640
Household Products—2.7%
Colgate-Palmolive Co.	406,800		30,652,380
Industrial Conglomerates—0.7%
McDermott International, Inc. (a)	319,400		8,160,670
Internet & Catalog Retail—2.9%
Amazon.com, Inc. (a)	447,200		32,538,272
Internet Software & Services—4.0%
Google, Inc. (Class A) (a)	113,200		45,338,864
IT Services—3.1%
Infosys Technologies Ltd. (ADR) (b)	355,300		11,835,043
Visa, Inc.	385,700		23,678,123
			35,513,166
Life Sciences Tools & Services—2.1%
Thermo Fisher Scientific, Inc. (a)	436,700		24,018,500
Media—2.0%
The Walt Disney Co.	731,000		22,434,390
Oil, Gas & Consumable Fuels—2.6%
Occidental Petroleum Corp.	226,300		15,942,835
Southwestern Energy Co. (a)	453,500		13,849,890
			29,792,725
Pharmaceuticals—8.3%
Abbott Laboratories	594,000		34,202,520
Mylan, Inc. (b)	621,900		7,102,098
Shire, Plc. (ADR)	147,400		7,038,350
Teva Pharmaceutical Industries, Ltd. (ADR)	610,400		27,950,216
Wyeth	475,800		17,576,052
			93,869,236
Semiconductors & Semiconductor Equipment—0.6%
NVIDIA Corp. (a)	679,800		7,280,658

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-54

Metropolitan Series Fund, Inc.

Jennison Growth Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Common Stock—(Continued)

Security Description	Shares		Value
Software—4.5%
Adobe Systems, Inc. (a)		682,600	$	26,942,222
Microsoft Corp.		882,100		23,543,249
				50,485,471
Textiles, Apparel & Luxury Goods—1.6%
Nike, Inc.		275,700		18,444,330
Total Common Stock (Identified Cost $1,137,944,101)				1,103,619,677
Short Term Investments — 16.9%
Security Description	Shares/Face Amount		Value
Mutual Funds—14.5%
State Street Navigator Securities Lending Prime Portfolio (c)		164,303,528		164,303,528
Repurchase Agreement—2.4%
State Street Repurchase Agreement dated 09/30/08 at 0.400% to be repurchased at $27,440,305 on 10/01/08, collateralized by $28,020,000 Federal Home Loan Bank due 01/19/10 with a value of $27,990,859.	$	27,440,000		27,440,000
Total Short Term Investments (Identified Cost $191,743,528)				191,743,528
Total Investments—114.5% (Identified Cost $1,329,687,629) (d)				1,295,363,205
Liabilities in excess of other assets				(164,533,255	)
Total Net Assets—100%			$	1,130,829,950

(a) Non-Income Producing.

(b) A portion or all of the security was held on loan. As of September 30, 2008, the market value of securities loaned was $169,065,832 and the collateral received consisted of cash in the amount of $164,303,528. The cash collateral is invested in a money market fund managed by an affiliate of the custodian.

(c) Represents investment of cash collateral received from securities lending transactions.

(d) The aggregate cost of investments for federal income tax purposes as of September 30, 2008 was $1,330,034,736 and the composition of unrealized appreciation and depreciation of investment securities was $77,840,985 and $(112,512,516), respectively.

(ADR)— An American Depositary Receipt is a certificate issued by a custodian bank representing the right to receive securities of the foreign issuer described. Trading on exchanges not located in the United States or Canada significantly influences the value of ADRs.

The Portfolio adopted the provisions of Statement of Financial Accounting Standards No. 157, “Fair Value Measurements” (FAS 157), effective with the beginning of the Portfolio’s fiscal year. FAS 157 establishes a framework for measuring fair value and expands disclosures about fair value measurements in financial statements. Management has evaluated the application of FAS 157 to the Portfolio, and has determined that the adoption of FAS 157 does not have a material impact on the Portfolio’s financial statements. The three levels of the hierarchy under FAS 157 are described below:

Level 1—quoted prices in active markets for identical securities

Level 2—other significant observable inputs (including quoted prices for similar securities, interest rates, credit risk, etc.)

Level 3—significant unobservable inputs (including the Adviser and Subadvisor’s own assumptions in determining the fair value of investments)

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

The following is a summary of the inputs used to value the Portfolio’s net assets as of September 30, 2008:

Valuation Inputs	Investments In Securities		Other Financial Instruments*
Level 1—Quoted Prices	$	1,267,923,205	$	0
Level 2—Other Significant Observable Inputs		27,440,000		0
Level 3—Significant Unobservable Inputs		0		0
Total	$	1,295,363,205	$	0

* Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures, forwards, swap contracts and written options, which are valued based on the unrealized appreciation/depreciation on the instrument.

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-55

Metropolitan Series Fund, Inc.

Julius Baer International Stock Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Common Stock—74.5% of Total Net Assets

Security Description	Shares	Value
Australia—1.3%
BHP Billiton, Ltd. (b)	22,329	$	574,012
Macquarie Airports	2,311,907		5,130,178
Newcrest Mining, Ltd.	201,319		4,420,706
Rio Tinto, Ltd. (b)	64,974		4,474,309
			14,599,205
Austria—1.7%
Erste Bank der oesterreichischen Sparkassen AG (b)	59,927		3,020,875
Flughafen Wien AG (b)	41,030		2,586,939
OMV AG	102,738		4,311,395
Raiffeisen International Bank Holding AG (b)	54,355		3,952,631
Telekom Austria AG	112,783		1,987,938
Wiener Staedtische Versicherung AG	56,475		2,849,620
			18,709,398
Belgium—1.0%
Groupe Bruxelles Lambert S.A.	5,982		516,639
InBev NV	52,971		3,127,478
KBC Ancora	28,624		1,894,897
KBC Groep NV	56,088		4,878,401
			10,417,415
Bermuda—0.1%
Central European Media Enterprises, Ltd. (b)	15,826		1,035,020
GOME Electrical Appliances Holdings, Ltd. (HKD) (b)	1,380,406		402,879
			1,437,899
Canada—1.9%
Barrick Gold Corp.	253,555		9,322,614
Eldorado Gold Corp.	207,847		1,302,108
Ivanhoe Mines, Ltd.	436,936		2,658,965
Kinross Gold Corp.	228,540		3,685,016
Potash Corp. of Saskatchewan, Inc.	10,491		1,365,641
Research In Motion, Ltd. (a)	17,499		1,195,182
Talisman Energy, Inc. (b)	76,703		1,086,970
			20,616,496
Cayman Islands—0.1%
Melco PLB Entertainment Macau, Ltd. (ADR) (a) (b)	218,476		871,719
China—0.3%
Beijing Capital International Airport Co., Ltd. (HKD) (b)	4,491,965		3,728,804
Cyprus—0.1%
Bank of Cyprus Public Co., Ltd.	131,718		1,053,484
Czech Republic—3.3%
Komercni Banka AS (GDR)	285,385		22,830,800
Komercni Banka AS (GDR) (U.S. OTC-Traded)	162,464		12,997,120
			35,827,920

Security Description	Shares	Value
Denmark—1.3%
Carlsberg A/S (Class B) (b)	122,695	$	9,382,690
FLSmidth & Co. A/S	6,683		339,983
Novo Nordisk A/S	82,769		4,240,397
			13,963,070
Finland—1.1%
Fortum Oyj	136,952		4,621,546
Kemira Oyj (b)	28,791		339,758
Nokia Oyj	160,599		2,994,533
Orion Oyj (b)	56,157		951,041
Outotec Oyj	22,573		609,611
Pohjola Bank, Plc. (b)	38,710		566,932
Stora Enso Oyj	201,364		1,986,209
			12,069,630
France—9.5%
Accor S.A. (b)	8,853		475,504
Aeroports de Paris (b)	79,805		6,649,949
Air Liquide S.A. (b)	89,525		9,852,127
Air Liquide S.A. (Prime de Fidelite 02)	25,396		2,768,271
Air Liquide S.A. (Prime de Fidelite 09)	5,324		580,338
Alstom (b)	13,312		1,004,035
AXA S.A.	74,168		2,431,877
Bouygues (b)	37,406		1,706,064
Casino Guichard-Perrachon S.A.	2,356		205,478
Cie de Saint-Gobain (b)	48,665		2,543,944
EDF Energies Nouvelles S.A.	3,666		183,077
Electricite de France (b)	64,195		4,652,313
Eurazeo	16,573		1,408,109
France Telecom S.A. (b)	148,950		4,171,933
Gaz de France S.A.	124,983		6,540,966
Groupe Danone	55,986		3,967,853
JC Decaux S.A. (b)	30,401		673,110
Lafarge S.A. (b)	30,882		3,259,269
LVMH Moet Hennessy Louis Vuitton S.A. (b)	89,567		7,909,910
Pernod-Ricard S.A. (b)	98,136		8,629,205
Pinault-Printemps-Redoute S.A. (b)	43,001		3,862,394
Remy Cointreau S.A.	9,651		453,897
Sanofi-Aventis S.A. (b)	134,212		8,823,509
Schneider Electric S.A.	1,662		142,564
Suez Environment S.A. (a)	44,320		1,105,032
Suez S.A. (b)	4		196
Total S.A. (b)	242,596		14,638,631
Vinci S.A. (b)	80,298		3,794,480
Vivendi	51,845		1,622,676
			104,056,711
Germany—7.9%
Adidas AG	8,012		430,371
Bayer AG	145,457		10,619,212
Continetal AG	7,122		708,086
Daimler AG (b)	83,288		4,210,120
Deutsche Boerse AG	18,069		1,647,589
Deutsche Post AG	73,934		1,559,809
Deutsche Telekom AG	166,915		2,522,990
E.ON AG	264,885		13,417,024

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-56

Metropolitan Series Fund, Inc.

Julius Baer International Stock Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Common Stock—(Continued)

Security Description	Shares	Value
Germany—(Continued)
Fraport AG Frankfurt Airport Services	282,324	$	16,888,078
Fresenius Medical Care AG (b)	141,771		7,300,640
Fresenius SE	88,596		6,474,636
Hamburger Hafen und Logistik AG (a)	16,984		1,018,644
Henkel KGaA	30,337		939,385
MAN AG	2,325		156,205
Merck KGaA (b)	10,912		1,171,665
Metro AG	31,930		1,599,479
Rhoen Klinikum AG	128,230		3,728,363
RWE AG	17,676		1,693,800
Siemens AG	113,212		10,627,330
			86,713,426
Greece—0.4%
Alapis Holding Industrial & Commercial S.A.	931,912		1,975,997
Hellenic Telecommunications Organization S.A.	115,690		2,067,069
			4,043,066
Hong Kong—0.3%
China Merchants Holdings International Co., Ltd. (b)	733,092		2,357,190
Galaxy Entertainment Group, Ltd. (b)	1,119,000		220,424
Shun Tak Holdings, Ltd. (b)	3,477,968		1,195,530
			3,773,144
Hungary—3.4%
OTP Bank Nyrt	1,007,287		36,464,860
Richter Gedeon Nyrt	7,532		1,380,124
			37,844,984
India—1.3%
State Bank of India, Ltd. (GDR)	16,390		991,595
State Bank of India, Ltd. (GDR) (London Traded)	213,578		13,112,267
			14,103,862
Indonesia—0.1%
Semen Gresik Persero Tbk PT	1,536,000		552,218
Ireland—0.3%
CHR, Plc. (b)	83,058		1,792,078
Dragon Oil, Plc. (a)	605,620		1,913,570
			3,705,648
Italy—1.8%
Banca Popolare di Milano Scarl (b)	278,412		2,372,246
Buzzi Unicem S.p.A. (b)	161,110		2,479,692
Credito Emiliano S.p.A. (b)	289,110		2,469,700
Enel S.p.A.	193,891		1,579,505
Geox S.p.A. (b)	45,198		437,653
Intesa Sanpaolo S.p.A.	890,269		4,860,621
Intesa Sanpaolo S.p.A.- RNC	1,035,445		4,918,891
Italcementi S.p.A. (b)	31,082		382,685
Lottomatica S.p.A. (b)	2,520		65,788
Unione di Banche Italiane SCPA (b)	27,336		596,881
			20,163,662

Security Description	Shares	Value
Japan—7.5%
Acom Co., Ltd. (b)	25,882	$	885,838
Aisin Seiki Co., Ltd.	17,101		419,191
Canon, Inc. (b)	70,715		2,654,435
Central Japan Railway Co.	435		4,121,979
Daikin Industries, Ltd. (b)	12,108		412,666
Daiwa Securities Group, Inc.	23,089		166,121
Denso Corp.	37,890		934,307
East Japan Railway Co.	531		3,974,240
Eisai Co., Ltd. (b)	16,480		643,180
Fanuc, Ltd.	17,967		1,360,665
Fuji Television Network, Inc.	147		189,451
Honda Motor Co., Ltd. (b)	78,593		2,343,609
Ibiden Co., Ltd.	18,438		450,910
Itochu Corp.	18,957		115,052
Japan Tobacco, Inc.	620		2,343,571
JFE Holding, Inc. (b)	10,747		335,644
JS Group Corp. (b)	15,130		191,828
KDDI Corp.	422		2,373,118
Komatsu, Ltd.	269,526		4,380,279
Kubota Corp. (b)	20,731		131,121
Kyocera Corp. (b)	11,743		893,839
Makita Corp.	16,489		338,098
Matsushita Electric Industrial Co., Ltd. (b)	95,979		1,672,407
Mitsubishi Corp.	22,419		468,406
Mitsubishi Electric Corp.	154,913		1,048,030
Mitsubishi UFJ Financial Group, Inc.	384,515		3,346,594
Mitsui & Co., Ltd.	29,762		369,235
Mitsui Fudosan Co., Ltd.	20,406		394,427
Mizuho Financial Group, Inc. (b)	151		665,148
Nidec Corp.	5,600		345,820
Nintendo Co., Ltd. (b)	10,417		4,353,839
Nippon Electric Glass Co., Ltd.	187,349		1,701,000
Nippon Telephone & Telegraph Corp.	115		514,284
Nissan Motor Co., Ltd. (b)	18,254		122,962
Nomura Holdings, Inc.	32,623		422,707
NTT DoCoMo, Inc.	1,475		2,388,132
Olympus Corp. (b)	4,248		124,698
Promise Co., Ltd.	28,451		550,379
Ricoh Co., Ltd.	23,762		331,717
Seven & I Holdings Co., Ltd.	22,104		638,758
Sharp Corp.	16,783		181,875
Shin-Etsu Chemical Co., Ltd.	16,753		800,804
Sony Corp. (b)	81,513		2,530,966
Stanley Electric Co., Ltd.	24,095		353,554
Sumitomo Heavy Industries, Ltd.	87,534		420,793
Sumitomo Metal Industries, Ltd.	176,499		539,764
Sumitomo Mitsui Financial Group, Inc. (b)	265		1,666,852
Suzuki Motor Corp. (b)	72,995		1,360,916
Takeda Pharmaceutical Co., Ltd.	23,175		1,171,845
The Bank of Kyoto, Ltd. (b)	47,462		486,672
The Bank of Yokohama, Ltd.	174,079		847,867
The Chiba Bank, Ltd.	31,468		163,134
The Gunma Bank, Ltd. (b)	29,370		167,433
The Shizuoka Bank, Ltd. (b)	48,652		480,990
The Sumitomo Trust & Banking Co., Ltd.	103,664		690,478
The Suruga Bank, Ltd.	38,371		441,747
TOPIX Exchange Traded Fund (b)	1,061,569		11,446,935

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-57

Metropolitan Series Fund, Inc.

Julius Baer International Stock Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Common Stock—(Continued)

Security Description	Shares	Value
Japan—(Continued)
Toyota Motor Corp.	161,041	$	6,864,774
Yamada Denki Co., Ltd.	32,430		2,468,775
			82,203,859
Netherlands—1.9%
Heineken NV	47,682		1,921,811
Koninklijke Vopak NV	10,066		475,453
Reed Elsevier NV (b)	27,425		408,864
Royal KPN NV	220,257		3,175,218
TNT NV	50,498		1,412,592
Unilever NV	494,477		13,971,879
			21,365,817
New Zealand—0.1%
Auckland International Airport, Ltd.	974,614		1,275,638
Norway—0.1%
DnB NOR ASA	147,044		1,132,659
Poland—5.4%
Bank Handlowy w Warszawie S.A.	156,502		4,125,269
Bank Millennium S.A.	454,547		1,199,399
Bank Pekao S.A.	325,528		23,568,052
Bank Zachodni WBK S.A.	21,239		1,364,059
BRE Bank S.A.	10,174		1,341,359
Polskie Gornictwo Naftowe I Gazownictwo S.A.	349,656		481,670
Powszechna Kasa Oszczednosci Bank Polski S.A.	1,050,512		19,302,086
Telekomunikacja Polska S.A.	728,239		6,969,427
TVN S.A.	84,750		637,690
			58,989,011
Portugal—0.7%
Energias de Portugal S.A.	140,366		590,871
Jeronimo Martins, SGPS, S.A.	800,968		6,835,265
			7,426,136
Russia—0.7%
Federal Grid Co. (GDR) (144A)	65,893		214,152
Inter Rao Ues OAO (GDR) (144A) (a)	13,649		40,947
Kuzbassenergo OJSC (GDR) (144A) (a)	4,558		11,624
Mosenergo OAO (GDR) (144A) (a)	21,908		64,420
Novorossiysk Commercial Sea Port (GDR) (144A)	74,576		477,286
OAO Unified Energy System (GDR)	32,603		3,260,300
OGK-1 OAO (GDR) (144A) (a)	278,217		390,060
OGK-2 OAO (GDR) (144A) (a)	72,327		121,148
OGK-3 OJSC (GDR) (144A) (a)	26,826		42,372
OGK-6 OAO (GDR) (144A) (a)	84,324		164,853
Open Investments (GDR) (a)	5,897		110,569
Pharmstandard (GDR) (144A) (a)	136,078		2,360,953
RusHydro (GDR) (144A) (a)	112,583		343,378
TGK-1 OAO (GDR) (144A) (a)	110,498		193,372
TGK-10 OAO (GDR) (144A) (a)	9,630		48,386
TGK-14 (GDR) (144A) (a)	1,055		6,330

Security Description	Shares	Value
Russia—(Continued)
TGK-2 (GDR) (144A) (a)	4,232	$	25,820
TGK-4 (GDR) (144A) (a)	10,345		49,656
TGK-6 (GDR) (144A) (a)	9,993		11,492
TGK-9 OAO (GDR) (144A) (a)	10,976		19,758
Volga Territorial Generating Co. (GDR) (144A) (a)	48,310		131,548
Yenisei Territorial Generating Co. OJSC (GDR) (144A) (a)	11,236		7,865
			8,096,289
South Korea—0.3%
Samsung Electronics Co., Ltd.	6,408		2,950,719
Spain—1.2%
Acciona S.A. (b)	4,601		699,801
EDP Renovaveis S.A.	190,638		1,515,605
Iberdrola Renovables (a) (b)	324,514		1,412,673
Inditex S.A. (b)	24,469		1,044,017
Telefonica S.A.	342,860		8,197,656
			12,869,752
Sweden—0.7%
Getinge AB (Class B) (b)	73,113		1,501,470
Hennes & Mauritz AB (Series B)	28,340		1,149,053
Modern Times Group AB (b)	8,637		310,872
Nordea Bank AB	176,281		2,107,568
Svenska Cellulosa AB	124,967		1,319,219
TeliaSonera AB	155,423		884,040
			7,272,222
Switzerland—7.2%
ABB, Ltd.	169,266		3,262,114
BKW FMB Energie AG	14,048		1,449,334
Flughafen Zuerich AG	8,209		2,649,952
Holcim, Ltd. (b)	51,535		3,788,040
Nestle S.A.	650,425		28,260,427
Nobel Biocare Holding AG (b)	16,826		566,706
Novartis AG	310,368		16,307,897
Roche Holding AG (a)	104,925		16,430,976
SGS S.A.	1,097		1,294,914
Swatch Group AG (Class B)	15,765		2,931,402
Swiss Reinsurance	43,191		2,423,187
			79,364,949
Taiwan—0.0%
Cathay Financial Holding Co., Ltd. (GDR) (144A)	1,230		16,501
Ukraine—0.1%
Ukrnafta Oil Co. (ADR)	3,746		475,259
UkrTelecom (GDR)	32,890		119,482
			594,741
United Kingdom—11.3%
AMEC, Plc. (b)	28,681		326,017
Anglo American, Plc.	86,270		2,888,019

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-58

Metropolitan Series Fund, Inc.

Julius Baer International Stock Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Common Stock—(Continued)

Security Description	Shares	Value
United Kingdom—(Continued)
BAE Systems, Plc.	201,055	$	1,477,549
BHP Billiton, Plc.	106,400		2,410,061
British America Tobacco, Plc.	60,259		1,959,151
Cadbury, Plc.	441,397		4,450,737
Compass Group, Plc.	165,292		1,030,547
Diageo, Plc.	1,096,674		18,589,552
GlaxoSmithKline, Plc.	685,252		14,824,430
Imperial Tobacco Group, Plc.	140,653		4,525,164
Intertek Group, Plc.	34,623		521,399
National Grid, Plc.	132,905		1,689,353
Reckitt Benckiser Group, Plc.	165,635		8,030,574
Rio Tinto, Plc.	61,408		3,826,012
Rolls-Royce Group, Plc.	435,167		2,616,246
Royal Ducth Shell, Plc.	551,144		15,966,989
Scottish & Southern Energy, Plc.	40,908		1,041,336
Smith & Nephew, Plc.	766,725		8,092,520
Tesco, Plc.	1,922,762		13,389,806
Vodafone Group, Plc.	5,391,692		11,927,388
WM Morrison Supermarkets, Plc.	690,546		3,209,734
WPP Group, Plc.	237,384		1,929,081
			124,721,665
United States—0.1%
Dr. Pepper Snapple Group, Inc. (a) (b)	12,961		343,207
Synthes, Inc. (CHF)	6,693		928,696
			1,271,903
Total Common Stock (Identified Cost $1,032,228,200)			817,803,622
Units—1.0%
Mexico—0.6%
Fomento Economico Mexicano S.A. de C.V.	1,876,849		7,154,315
Switzerland—0.4%
Compagnie Financière Richemont S.A.	90,646		4,044,319
Total Units (Identified Cost $13,853,823)			11,198,634
Warrants—0.6%
India—0.4%
State Bank of India, Ltd. (144A)	120,339		4,223,794
Romania—0.1%
BRD-Groupe	431,711		1,826,138
Russia—0.1%
Unified Energy System of Russia (144A)	112		144,543
Unified Energy System of Russia (144A)	112		505,712
Unified Energy System of Russia (144A)	117		228,389
			878,644
Total Warrants (Identified Cost $14,185,047)			6,928,576

Rights—0.0%
Security Description	Shares		Value
France—0.0%
EDF Energies Nouvelles S.A. (a)		1	$	1
Total Rights (Identified Cost $0)				1
Short Term Investments—17.2%
Security Description	Shares/Face Amount		Value
United States—17.2%
State Street Navigator Securities Lending Prime Portfolio (c)		85,516,297		85,516,297
State Street Repurchase Agreement dated 09/30/08 at 0.400% to be repurchased at $102,741,142 on 10/01/08, collateralized by $104,900,000 Federal Home Loan Bank 2.399% due 01/13/10 with a value of $104,795,100.	$	102,740,000		102,740,000
Total Short Term Investments (Identified Cost $188,256,297)				188,256,297
Total Investments—93.3% (Identified Cost $1,248,523,367) (d)				1,024,187,130
Other assets less liabilities				73,838,907
Total Net Assets—100%			$	1,098,026,037

(a) Non-Income Producing.

(b) A portion or all of the security was held on loan. As of September 30, 2008, the market value of securities loaned was $80,726,205 and the collateral received consisted of cash in the amount of $85,516,297 and non-cash collateral with a value of $777,123. The cash collateral is invested in a money market fund managed by an affiliate of the custodian. The non-cash collateral received consists primarily of government securities and bank letters of credit, and are held for the benefit of the Portfolio at the Portfolio’s custodian.

(c) Represents investment of cash collateral received from securities lending transactions.

(d) The aggregate cost of investments for federal income tax purposes as of September 30, 2008 was $1,248,523,367 and the composition of unrealized appreciation and depreciation of investment securities was $2,313,941 and $(226,650,178), respectively.

(144A)— Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of September 30, 2008, the market value of 144A securities was $9,660,533, which is 0.9% of total net assets.

(ADR)— An American Depositary Receipt is a certificate issued by a custodian bank representing the right to receive securities of the foreign issuer described. Trading on exchanges not located in the United States or Canada significantly influences the value of ADRs.

(GDR)— Global Depository Receipt.

(CHF)— Swiss Franc

(HKD)— Hong Kong Dollar

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-59

Metropolitan Series Fund, Inc.

Julius Baer International Stock Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Forward Contracts
Forward Currency Contracts	Delivery Date	Local Currency Amount	Aggregate Face Value		Valuation as of 9/30/2008		Unrealized Appreciation/ Depreciation
Canadian Dollar (bought)	12/22/2008	3,578,083	$	3,468,580	$	3,385,161	$	(83,419	)
Canadian Dollar (bought)	12/22/2008	8,560,489		8,298,506		8,098,929		(199,577	)
Canadian Dollar (sold)	12/22/2008	3,578,083		3,371,415		3,385,161		(13,746	)
Canadian Dollar (sold)	12/22/2008	8,560,489		8,081,652		8,098,929		(17,277	)
Czech Koruna (bought)	12/9/2008	112,008,491		6,457,868		6,440,616		(17,252	)
Czech Koruna (sold)	10/22/2008	96,192,933		5,801,045		5,523,268		277,777
Czech Koruna (sold)	12/9/2008	232,754,087		13,236,923		13,383,626		(146,703	)
Czech Koruna (sold)	12/9/2008	307,977,763		17,643,089		17,709,074		(65,985	)
Euro (bought)	12/2/2008	16,052,744		23,769,940		22,679,318		(1,090,622	)
Euro (bought)	12/8/2008	40,503,447		59,620,265		57,235,885		(2,384,380	)
Euro (sold)	12/8/2008	18,617,263		26,081,296		26,308,267		(226,971	)
Euro (sold)	12/2/2008	25,620,925		37,347,109		36,197,245		1,149,864
Euro (sold)	12/8/2008	21,388,691		30,923,235		30,224,604		698,631
Euro (sold)	12/8/2008	43,199,902		62,068,324		61,046,276		1,022,048
Euro (sold)	12/8/2008	46,137,843		65,925,672		65,197,913		727,759
Japenese Yen (bought)	11/10/2008	927,303,150		8,462,957		8,805,546		342,589
Japenese Yen (bought)	11/10/2008	6,328,600,619		58,598,154		60,095,538		1,497,384
Japenese Yen (bought)	12/19/2008	1,380,654,411		13,264,618		13,181,067		(83,551	)
Japenese Yen (bought)	12/26/2008	4,902,377,101		46,788,676		46,856,142		67,466
Japenese Yen (sold)	11/10/2008	514,754,668		4,758,096		4,888,041		(129,945	)
Japenese Yen (sold)	11/10/2008	2,413,579,834		22,528,397		22,919,029		(390,632	)
South Korean Won (bought)	10/6/2008	14,990,559,668		13,411,971		12,427,278		(984,693	)
South Korean Won (bought)	11/4/2008	1,819,541,925		1,795,482		1,514,498		(280,984	)
South Korean Won (bought)	12/4/2008	3,013,435,267		2,695,380		2,510,322		(185,058	)
South Korean Won (sold)	10/6/2008	14,990,559,668		13,173,881		12,427,278		746,603
South Korean Won (sold)	11/4/2008	1,819,541,925		1,598,543		1,514,498		84,045
South Korean Won (sold)	12/4/2008	3,013,435,267		2,646,615		2,510,322		136,293
Polish Zloty (sold)	11/19/2008	30,631,287		13,428,306		12,701,380		726,926
Polish Zloty (sold)	12/9/2008	19,151,588		7,732,041		7,937,675		(205,634	)
Polish Zloty (sold)	12/9/2008	21,672,832		8,771,230		8,982,645		(211,415	)
Polish Zloty (sold)	12/9/2008	24,566,544		9,977,477		10,181,989		(204,512	)
Polish Zloty (sold)	12/9/2008	45,861,086		18,904,694		19,007,845		(103,151	)
Net Unrealized Appreciation							$	451,878

Futures Contracts
Futures Contracts-Long	Expiration Date	Number of Contracts	Contract Amount		Valuation as of 9/30/2008		Unrealized Depreciation
CAC 40 Index Futures	10/17/2008	285	$	16,602,223	$	16,234,360	$	(367,863	)
DAX Index Futures	12/19/2008	40		8,686,585		8,290,599		(395,986	)
DJ Euro Stoxx 50 Index Futures	12/19/2008	2,576		113,715,834		111,062,937		(2,652,897	)
FTSE 100 Index Futures	12/19/2008	92		8,631,122		8,144,927		(486,195	)
Net Unrealized Depreciation							$	(3,902,941	)

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-60

Metropolitan Series Fund, Inc.

Julius Baer International Stock Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

The Portfolio adopted the provisions of Statement of Financial Accounting Standards No. 157, “Fair Value Measurements” (FAS 157), effective with the beginning of the Portfolio’s fiscal year. FAS 157 establishes a framework for measuring fair value and expands disclosures about fair value measurements in financial statements. Management has evaluated the application of FAS 157 to the Portfolio, and has determined that the adoption of FAS 157 does not have a material impact on the Portfolio’s financial statements. The three levels of the hierarchy under FAS 157 are described below:

Level 1—quoted prices in active markets for identical securities

Level 2—other significant observable inputs (including quoted prices for similar securities, interest rates, credit risk, etc.)

Level 3—significant unobservable inputs (including the Adviser and Subadvisor’s own assumptions in determining the fair value of investments)

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

The following is a summary of the inputs used to value the Portfolio’s net assets as of September 30, 2008:

Valuation Inputs	Investments In Securities		Other Financial Instruments*
Level 1—Quoted Prices	$	150,696,323	$	(3,451,063	)
Level 2—Other Significant Observable Inputs		873,490,807		0
Level 3—Significant Unobservable Inputs		0		0
Total	$	1,024,187,130	$	(3,451,063	)

* Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures, forwards, swap contracts and written options, which are valued based on the unrealized appreciation/depreciation on the instrument.

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-61

Metropolitan Series Fund, Inc.

Lehman Brothers Aggregate Bond Index Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Fixed Income—98.7% of Total Net Assets

Security Description	Face Amount		Value
Aerospace & Defense—0.2%
Lockheed Martin Corp. 7.375%, 04/15/13	$	900,000	$	980,978
8.200%, 12/01/09 (a)		700,000		726,144
The Boeing Co. 7.250%, 06/15/25		460,000		499,696
United Technologies Corp. 7.500%, 09/15/29 (a)		200,000		220,176
				2,426,994
Asset Backed—0.4%
Capital One Multi-Asset Execution Trust 4.850%, 11/15/13		3,000,000		2,896,680
CenterPoint Energy Transition Bond Co., LLC 5.160%, 09/15/11		244,005		245,225
Centex Home Equity Loan Trust 3.750%, 12/25/31 (b)		60,968		50,280
Chase Funding Mortgage Loan 3.303%, 11/25/29		49,611		48,965
4.585%, 05/25/15		1,778,891		1,657,019
Detroit Edison Co. 6.190%, 03/01/13		371,768		374,746
				5,272,915
Automobiles—0.2%
DaimlerChrysler North America Holdings Corp.
7.750%, 01/18/11		2,600,000		2,635,773
8.000%, 06/15/10 (a)		350,000		361,187
				2,996,960
Beverages—0.2%
Anheuser Busch Cos., Inc. 5.000%, 01/15/15 (a)		1,950,000		1,710,567
Coca-Cola Enterprises, Inc. 6.950%, 11/15/26		300,000		312,468
Pepsi Bottling Group, Inc. 7.000%, 03/01/29 (a)		300,000		313,198
				2,336,233
Building Products—0.2%
Masco Corp. 6.125%, 10/03/16		2,950,000		2,528,923
Capital Markets—1.6%
Credit Suisse USA, Inc. 5.375%, 03/02/16 (a)		3,550,000		3,233,537
Merrill Lynch & Co., Inc. 6.050%, 05/16/16		3,000,000		2,470,998
6.150%, 04/25/13		1,950,000		1,797,831
6.375%, 10/15/08		250,000		249,696
6.500%, 07/15/18 (a)		200,000		169,831
Morgan Stanley 4.750%, 04/01/14		1,515,000		757,500
7.250%, 04/01/32		3,850,000		2,541,000
The Bear Stearns Co., Inc. 5.700%, 11/15/14		900,000		828,539

Security Description	Face Amount		Value
Capital Markets—(Continued)
The Goldman Sachs Group, Inc. 5.700%, 09/01/12	$	1,000,000	$	885,969
6.125%, 02/15/33		2,075,000		1,520,694
6.150%, 04/01/18		4,800,000		3,983,978
6.250%, 09/01/17		760,000		646,023
6.450%, 05/01/36		2,000,000		1,238,029
6.650%, 05/15/09		750,000		734,853
				21,058,478
Chemicals—0.1%
E. I. du Pont de Nemours & Co. 5.600%, 12/15/36		1,000,000		866,509
6.875%, 10/15/09		300,000		309,640
				1,176,149
Commercial Banks—2.6%
ABN-AMRO Bank NV (New York Branch) 7.125%, 10/15/93		500,000		489,359
7.750%, 05/15/23		230,000		205,916
American Express Centurion Bank 5.550%, 10/17/12 (c)		300,000		268,029
BB&T Corp. 5.200%, 12/23/15		4,100,000		3,316,354
Fleet National Bank 5.750%, 01/15/09		500,000		500,516
HSBC Holdings, Plc. 5.250%, 12/12/12 (a)		5,050,000		4,735,801
7.500%, 07/15/09		2,200,000		2,245,204
Kreditanstalt fuer Wiederaufbau 3.500%, 05/16/13 (a)		7,000,000		6,996,150
4.875%, 01/17/17 (a)		2,900,000		3,011,534
MBNA America National Bank 7.125%, 11/15/12		1,000,000		1,004,908
RBS Capital Trust II 6.425%, 12/29/49 (b)		1,375,000		898,039
Wachovia Bank, N.A. 4.875%, 02/01/15		3,000,000		2,221,550
Wachovia Corp. 5.750%, 06/15/17 (a)		700,000		516,668
Wells Fargo & Co. 4.950%, 10/16/13 (c)		1,450,000		1,355,662
5.000%, 11/15/14 (a)		2,000,000		1,842,606
5.125%, 09/01/12		500,000		476,818
Wells Fargo Bank, N.A. 4.750%, 02/09/15		3,065,000		2,777,075
				32,862,189
Commercial Mortgage-Backed Securities—4.9%
Bear Stearns Commercial Mortgage Securities, Inc.
5.540%, 09/11/41		3,000,000		2,627,815
5.610%, 11/15/33		500,000		492,362
6.480%, 02/15/35		500,000		503,731
7.080%, 06/15/09		522,669		523,279
7.780%, 02/15/32		190,605		192,574

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-62

Metropolitan Series Fund, Inc.

Lehman Brothers Aggregate Bond Index Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Fixed Income—(Continued)

Security Description	Face Amount		Value
Commercial Mortgage-Backed Securities—(Continued)
Chase Commercial Mortgage Securities Corp.
6.390%, 11/18/30	$	23,161	$	23,092
Citigroup Commercial Mortgage Trust 5.322%, 12/11/49		7,000,000		5,826,272
5.400%, 07/15/44 (b)		2,000,000		1,780,729
5.529%, 04/15/40 (b)		1,000,000		922,816
5.545%, 01/15/46 (b)		4,000,000		3,505,796
5.915%, 03/15/49 (b)		3,800,000		3,391,092
Credit Suisse First Boston Mortgage 3.382%, 05/15/38		2,000,000		1,921,524
6.021%, 06/15/38 (b)		3,000,000		2,681,142
Credit Suisse Mortgage Capital Certificates 5.467%, 09/15/39		3,500,000		3,034,652
CS First Boston Mortgage Securities Corp. 5.100%, 08/15/15 (b)		3,000,000		2,631,451
Greenwich Capital Commercial Funding Corp.
4.022%, 01/05/36		1,887,910		1,861,912
4.305%, 08/10/42		2,000,000		1,941,109
5.317%, 06/10/36 (b)		1,000,000		919,149
JPMorgan Chase Commercial Mortgage Securities Corp.
3.972%, 05/12/35		1,746,938		1,650,248
4.275%, 01/12/37		698,458		668,215
4.393%, 07/12/37		2,860,052		2,741,484
6.044%, 11/15/35		376,915		375,271
LB-UBS Commercial Mortgage Trust 4.254%, 07/15/27 (b)		1,650,000		1,587,498
4.367%, 03/15/36		3,000,000		2,629,450
6.462%, 03/15/31		500,000		502,422
6.653%, 11/15/27		2,000,000		2,025,182
Morgan Stanley Capital I, Inc. 4.989%, 08/13/42		1,000,000		874,514
Morgan Stanley Dean Witter Capital I Trust 4.800%, 09/15/37		269,836		264,025
7.200%, 10/15/33		546,803		553,610
Salomon Brothers Commercial Mortgage Trust 5.045%, 03/18/36		500,000		473,345
6.428%, 12/18/35		938,814		942,243
Wachovia Bank Commercial Mortgage Trust 5.083%, 03/15/42 (b)		3,000,000		2,631,816
5.308%, 11/15/48		4,000,000		3,313,449
5.572%, 10/15/48		3,000,000		2,579,524
5.927%, 05/15/43 (b)		3,000,000		2,646,139
6.287%, 04/15/34		1,445,000		1,441,065
				62,679,997
Commercial Services & Supplies—0.1%
USA Waste Services, Inc. 7.000%, 07/15/28		1,265,000		1,163,138
Communications Equipment—0.1%
Motorola, Inc. 6.500%, 11/15/28 (a)		900,000		653,056
7.625%, 11/15/10		135,000		135,853
				788,909

Security Description	Face Amount		Value
Computers & Peripherals—0.3%
Hewlett-Packard Co. 5.500%, 03/01/18	$	1,950,000	$	1,803,661
International Business Machines Corp. 4.750%, 11/29/12		1,000,000		994,994
7.500%, 06/15/13		1,000,000		1,097,742
8.375%, 11/01/19		425,000		493,409
				4,389,806
Consumer Finance—0.0%
American Express Co. 6.800%, 09/01/66 (b)		330,000		283,937
Diversified Financial Services—4.6%
American General Capital II 8.500%, 07/01/30		250,000		50,000
American General Finance Co. 5.375%, 10/01/12		6,500,000		3,445,000
5.400%, 12/01/15		1,340,000		629,800
Asian Development Bank 5.500%, 06/27/16		3,850,000		4,141,214
Associates Corp. North America 6.250%, 11/01/08		600,000		598,501
6.950%, 11/01/18		1,700,000		1,489,221
Bank of America Corp. 4.750%, 08/15/13 (a)		1,000,000		871,507
5.125%, 11/15/14 (a)		1,000,000		904,095
5.420%, 03/15/17		900,000		761,651
5.750%, 08/15/16		2,850,000		2,468,237
7.400%, 01/15/11		300,000		297,891
7.800%, 02/15/10		150,000		150,572
BellSouth Capital Funding Corp. 7.750%, 02/15/10		750,000		780,077
7.875%, 02/15/30		250,000		251,801
Berkshire Hathaway Finance Corp. 4.600%, 05/15/13		3,900,000		3,854,661
Citigroup, Inc. 5.500%, 08/27/12		840,000		739,030
5.850%, 08/02/16		500,000		416,901
6.200%, 03/15/09		750,000		734,880
7.250%, 10/01/10		250,000		235,713
Conoco Funding Co. 6.350%, 10/15/11		500,000		519,759
ConocoPhillips Canada Funding Co. 5.950%, 10/15/36		3,050,000		2,760,921
Deutsche Telekom International Finance BV 5.750%, 03/23/16 (a)		460,000		421,167
8.750%, 06/15/30 (b)		1,000,000		1,014,038
Devon Financing Corp., U.L.C. 6.875%, 09/30/11		1,900,000		1,966,906
European Investment Bank 3.375%, 03/16/09 (a)		4,200,000		4,222,134
General Electric Capital Corp. 5.000%, 11/15/11		4,000,000		3,754,008
5.400%, 02/15/17		2,000,000		1,678,104
5.450%, 01/15/13		1,800,000		1,667,629

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-63

Metropolitan Series Fund, Inc.

Lehman Brothers Aggregate Bond Index Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Fixed Income—(Continued)

Security Description	Face Amount		Value
Diversified Financial Services—(Continued)
General Electric Capital Corp.
6.000%, 06/15/12	$	1,000,000	$	952,645
6.750%, 03/15/32 (a)		1,250,000		1,010,520
7.500%, 08/21/35		100,000		88,962
Heller Financial, Inc. 7.375%, 11/01/09 (a)		350,000		353,155
JPMorgan Chase & Co. 5.125%, 09/15/14		850,000		779,982
6.000%, 01/15/18 (c)		5,600,000		5,103,449
6.750%, 02/01/11		250,000		248,735
KFW International Finance, Inc. 8.000%, 02/15/10		1,000,000		1,065,391
Korea Development Bank 5.750%, 09/10/13 (a)		2,000,000		1,922,481
Mellon Funding Corp. 6.400%, 05/14/11		250,000		249,486
National Rural Utilities Cooperative Finance Corp.
8.000%, 03/01/32		300,000		316,272
Petrobras International Finance Co. 6.125%, 10/06/16		600,000		580,500
SunTrust Capital VIII 6.100%, 12/15/36 (b)		820,000		410,000
Telecom Italia Capital S.A. 6.200%, 07/18/11		1,020,000		999,937
Tyco International Finance S.A. 6.875%, 01/15/21		1,275,000		1,189,208
Unilever Capital Corp. 7.125%, 11/01/10		300,000		320,458
Verizon Global Funding Corp. 7.750%, 12/01/30		2,390,000		2,363,739
				58,780,338
Diversified Telecommunication Services—0.8%
BellSouth Corp. 6.550%, 06/15/34 (a)		1,850,000		1,612,338
British Telecommunications, Plc. 9.125%, 12/15/30 (b)		1,000,000		1,082,430
SBC Communications, Inc. 5.875%, 02/01/12		2,400,000		2,413,617
Telefonica Emisiones SAU 6.221%, 07/03/17		2,900,000		2,729,917
Telefonica Europe BV 8.250%, 09/15/30		1,000,000		1,051,886
Verizon New England, Inc. 6.500%, 09/15/11		400,000		399,107
Verizon New York, Inc. 7.375%, 04/01/32		500,000		477,071
				9,766,366
Electric Utilities—0.9%
Duke Energy Co. 6.250%, 01/15/12		500,000		509,096
Exelon Corp. 4.900%, 06/15/15		2,060,000		1,828,255
5.625%, 06/15/35		1,500,000		1,135,222

Security Description	Face Amount		Value
Electric Utilities—(Continued)
Exelon Generation Co., LLC 6.950%, 06/15/11	$	300,000	$	300,083
Oncor Electric Delivery Co. 7.000%, 05/01/32		950,000		813,985
Progress Energy, Inc. 5.625%, 01/15/16		3,900,000		3,697,227
7.100%, 03/01/11		1,221,000		1,266,448
PSE&G Power, LLC 7.750%, 04/15/11		500,000		516,951
8.625%, 04/15/31		1,000,000		1,064,315
				11,131,582
Energy Equipment & Services—0.2%
Kinder Morgan Energy Partners, L.P. 6.500%, 02/01/37 (c)		2,000,000		1,703,766
6.750%, 03/15/11		750,000		756,138
				2,459,904
Federal Agencies—49.6%
Federal Home Loan Bank 2.625%, 05/20/11		9,200,000		8,996,041
3.625%, 07/01/11		5,000,000		5,004,095
4.250%, 11/13/09 (a)		1,500,000		1,509,907
4.375%, 03/17/10 (a)		3,000,000		3,051,958
4.625%, 02/18/11 (a)		6,070,000		6,233,974
5.000%, 09/18/09 (a)		6,900,000		7,003,988
5.000%, 10/13/11 (a)		1,000,000		1,028,426
5.000%, 09/01/35		3,991,899		3,895,174
5.250%, 06/18/14 (a)		9,500,000		9,882,642
5.375%, 05/18/16 (a)		2,900,000		3,044,809
Federal Home Loan Mortgage Corp. 3.500%, 05/29/13 (a)		7,120,000		6,998,307
4.000%, 12/15/09 (a)		2,000,000		2,015,320
4.000%, 06/01/19		1,705,643		1,640,959
4.396%, 02/01/36 (b)		2,384,924		2,377,281
4.500%, 09/01/18		2,365,410		2,329,784
4.500%, 10/01/18		3,513,592		3,460,674
4.500%, 04/01/19		5,237,874		5,142,777
4.500%, 06/01/19		2,935,423		2,882,129
4.500%, 08/01/19		771,573		757,564
4.500%, 10/01/35		5,198,892		4,909,827
4.500%, 11/01/35 (b)		2,483,438		2,345,355
4.750%, 03/05/12 (a)		12,000,000		12,436,285
5.000%, 05/01/18		6,215,491		6,233,368
5.000%, 12/01/18		1,252,079		1,255,680
5.000%, 06/01/19		2,266,979		2,266,534
5.000%, 03/01/27		2,617,088		2,569,828
5.000%, 10/01/33		3,445,872		3,367,752
5.000%, 03/01/34		1,633,590		1,595,283
5.000%, 08/01/35		6,980,046		6,810,918
5.000%, 10/01/35		2,877,890		2,808,158
5.000%, 01/01/36		6,427,375		6,271,638
5.000%, 04/01/38		5,973,224		5,824,285
5.105%, 08/01/36 (b)		2,360,222		2,377,615
5.136%, 01/01/36 (b)		4,137,830		4,190,055

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-64

Metropolitan Series Fund, Inc.

Lehman Brothers Aggregate Bond Index Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Fixed Income—(Continued)

Security Description	Face Amount		Value
Federal Agencies—(Continued)
Federal Home Loan Mortgage Corp.
5.175%, 09/01/35 (b)	$	4,076,773	$	4,122,848
5.300%, 05/12/20 (a)		710,000		689,606
5.375%, 08/19/11 (a)		5,800,000		6,083,871
5.396%, 01/01/37 (b)		9,934,472		10,108,678
5.453%, 02/01/37 (b)		1,444,503		1,459,927
5.500%, 11/01/17		917,215		931,747
5.500%, 05/01/29		763,118		760,732
5.500%, 06/01/34		3,654,442		3,643,015
5.500%, 10/01/35		3,556,027		3,542,703
5.500%, 12/01/35		6,211,105		6,187,832
5.500%, 01/01/36		10,789,556		10,749,128
5.500%, 07/01/37		6,632,652		6,603,650
5.500%, 10/01/37		15,936,070		15,866,390
5.500%, 03/01/38		7,100,000		7,068,922
5.625%, 11/23/35		1,040,000		1,009,618
5.655%, 02/01/37 (b)		6,566,318		6,689,946
6.000%, 04/01/16		53,149		54,402
6.000%, 05/01/17		779,300		797,454
6.000%, 11/01/28		83,634		85,323
6.000%, 12/01/28		54,234		55,330
6.000%, 02/01/29		146,831		149,708
6.000%, 04/01/29		43,135		43,980
6.000%, 05/01/29		16,269		16,588
6.000%, 06/01/31		21,977		22,368
6.000%, 07/01/31		8,542		8,693
6.000%, 08/01/31		184,049		187,317
6.000%, 09/01/31		522,139		531,410
6.000%, 04/01/32		1,005,168		1,021,787
6.000%, 11/01/32		343,534		349,213
6.000%, 06/01/34		1,116,600		1,132,304
6.000%, 11/01/35		1,183,485		1,199,040
6.000%, 02/01/36		2,399,067		2,429,863
6.000%, 08/01/36		3,372,219		3,415,506
6.000%, 10/01/36		5,023,496		5,087,979
6.000%, 11/01/36		4,807,883		4,869,599
6.000%, 01/01/37		6,742,532		6,829,082
6.000%, 06/01/37		5,334,491		5,403,116
6.000%, 02/01/38		4,845,924		4,908,339
6.045%, 04/01/36 (b)		1,743,747		1,765,815
6.500%, 10/01/29		36,965		38,243
6.500%, 02/01/30		48,907		50,598
6.500%, 08/01/31		76,799		79,360
6.500%, 10/01/31		25,268		26,111
6.500%, 11/01/31		176,124		181,999
6.500%, 03/01/32		1,896,559		1,956,329
6.500%, 04/01/32		1,691,854		1,745,172
6.500%, 09/01/36		4,097,017		4,202,043
6.500%, 11/01/37		8,618,254		8,836,757
6.750%, 03/15/31 (a)		965,000		1,185,914
7.000%, 03/15/10 (a)		2,875,000		3,033,235
7.000%, 06/01/11		18,564		19,420
7.000%, 12/01/15		30,126		31,817
7.000%, 12/01/27		7,636		8,068
7.000%, 11/01/28		22,301		23,596
7.000%, 04/01/29		18,471		19,437
7.000%, 05/01/29		5,664		5,961

Security Description	Face Amount		Value
Federal Agencies—(Continued)
7.000%, 06/01/29	$	41,177	$	43,331
7.000%, 07/01/29		11,554		12,159
7.000%, 01/01/31		238,855		250,919
7.000%, 12/01/31		50,697		53,258
7.500%, 03/01/16		64,087		67,541
7.500%, 08/01/24		83,726		90,998
7.500%, 10/01/27		49,266		53,530
7.500%, 10/01/29		67,413		71,397
7.500%, 05/01/30		34,268		36,296
8.000%, 02/01/27		14,632		15,484
8.000%, 10/01/28		27,237		28,823
Federal National Mortgage Association 4.000%, 04/01/19		1,704,707		1,639,828
4.000%, 05/01/19		3,258,485		3,134,471
4.000%, 01/01/20		1,942,855		1,849,820
4.125%, 04/15/14 (a)		2,350,000		2,345,626
4.500%, 07/01/18		3,891,986		3,835,074
4.500%, 05/01/19		986,336		967,948
4.500%, 08/01/33		1,450,572		1,375,533
4.500%, 10/01/33		2,621,752		2,486,127
4.500%, 04/01/34		2,042,321		1,933,504
4.610%, 10/10/13 (a)		2,370,000		2,350,437
4.834%, 09/01/35 (b)		2,431,510		2,445,900
5.000%, 06/01/18		940,111		939,040
5.000%, 01/01/19		1,383,809		1,379,680
5.000%, 02/01/20		2,298,576		2,288,181
5.000%, 01/01/22		4,867,860		4,841,340
5.000%, 02/01/24		2,254,176		2,213,604
5.000%, 09/01/25		2,163,747		2,124,786
5.000%, 07/01/33		1,863,501		1,821,799
5.000%, 08/01/33		2,739,866		2,678,552
5.000%, 09/01/33		2,347,483		2,294,951
5.000%, 10/01/33		8,529,884		8,338,999
5.000%, 03/01/34		2,653,276		2,593,900
5.000%, 04/01/34		6,225,510		6,084,162
5.000%, 05/01/34		2,137,583		2,088,406
5.000%, 09/01/34		4,449,770		4,347,400
5.000%, 02/01/35		4,245,291		4,147,625
5.000%, 04/01/35		2,249,701		2,196,551
5.000%, 05/01/35		1,435,600		1,401,683
5.000%, 11/01/35		2,335,731		2,280,549
5.000%, 05/01/37		9,485,677		9,255,191
5.125%, 04/15/11 (a)		7,200,000		7,508,124
5.184%, 11/01/36 (b)		1,569,846		1,570,664
5.375%, 06/12/17 (a)		12,250,000		12,868,686
5.404%, 03/01/36 (b)		4,092,515		4,142,094
5.500%, 03/15/11 (a)		950,000		997,702
5.500%, 11/01/17		1,220,277		1,235,102
5.500%, 02/01/18		473,121		478,304
5.500%, 04/01/18		2,399,918		2,426,209
5.500%, 12/01/22		8,571,886		8,644,960
5.500%, 07/01/23		1,236,198		1,238,047
5.500%, 01/01/24		630,900		631,844
5.500%, 07/01/24		2,026,673		2,029,704
5.500%, 10/01/32		755,836		756,504
5.500%, 02/01/33		1,939,673		1,938,988

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-65

Metropolitan Series Fund, Inc.

Lehman Brothers Aggregate Bond Index Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Fixed Income—(Continued)

Security Description	Face Amount		Value
Federal Agencies—(Continued)
Federal National Mortgage Association
5.500%, 03/01/33	$	3,272,695	$	3,271,539
5.500%, 05/01/33		5,618,924		5,616,940
5.500%, 08/01/33		4,927,005		4,925,264
5.500%, 10/01/33		707,552		707,302
5.500%, 12/01/33		5,676,909		5,674,905
5.500%, 02/01/34		3,469,263		3,465,892
5.500%, 03/01/34		1,787,200		1,785,463
5.500%, 04/01/34		1,349,686		1,348,374
5.500%, 05/01/34		1,956,240		1,954,339
5.500%, 09/01/34		2,421,141		2,418,788
5.500%, 12/01/34		6,757,826		6,751,260
5.500%, 01/01/35		1,860,879		1,859,071
5.500%, 02/01/35		4,108,281		4,104,289
5.500%, 04/01/35		2,463,015		2,459,478
5.500%, 06/01/35		7,573,547		7,562,669
5.500%, 06/13/35 (b)		1,804,064		1,806,758
5.500%, 01/01/37		7,872,631		7,856,456
5.500%, 05/01/37		4,701,621		4,691,961
5.500%, 05/01/38		3,925,914		3,917,852
5.500%, 07/01/38		4,970,536		4,960,329
6.000%, 09/01/13		789,169		806,830
6.000%, 10/01/13		385,793		394,427
6.000%, 03/01/14		90,389		92,416
6.000%, 06/01/14		11,948		12,216
6.000%, 07/01/14		65,303		66,768
6.000%, 09/01/14		29,367		30,026
6.000%, 09/01/17		949,516		969,852
6.000%, 08/01/28		24,887		25,394
6.000%, 11/01/28		8,442		8,614
6.000%, 12/01/28		10,050		10,255
6.000%, 06/01/31		147,721		150,409
6.000%, 09/01/32		969,684		986,446
6.000%, 01/01/33		387,332		394,027
6.000%, 02/01/33		801,486		814,362
6.000%, 03/01/33		1,403,010		1,425,548
6.000%, 04/01/33		689,231		700,303
6.000%, 05/01/33		1,970,454		2,002,107
6.000%, 05/01/34		2,295,253		2,329,280
6.000%, 09/01/34		2,610,131		2,648,825
6.000%, 11/01/34		4,354,348		4,418,899
6.000%, 01/01/35		1,318,087		1,336,411
6.000%, 07/01/36		3,397,111		3,443,304
6.000%, 07/01/37		3,698,096		3,748,492
6.000%, 08/01/37		6,394,049		6,481,185
6.000%, 09/01/37		14,730,674		14,931,419
6.210%, 08/06/38 (a)		300,000		345,356
6.500%, 01/01/13		7,002		7,252
6.500%, 04/01/13		1,270		1,316
6.500%, 06/01/13		58,298		60,374
6.500%, 07/01/13		338		351
6.500%, 06/01/14		25,291		26,211
6.500%, 04/01/17		2,598,247		2,695,282
6.500%, 05/01/28		363,300		376,805
6.500%, 12/01/28		762,371		790,710
6.500%, 03/01/29		30,613		31,713
6.500%, 04/01/29		169,083		175,159

Security Description	Face Amount		Value
Federal Agencies—(Continued)
6.500%, 05/01/29	$	17,069	$	17,683
6.500%, 08/01/29		3,941		4,082
6.500%, 05/01/30		237,525		246,060
6.500%, 09/01/31		54,693		56,557
6.500%, 02/01/32		20,459		21,038
6.500%, 06/01/32		272,382		281,338
6.500%, 09/01/33		731,836		754,563
6.500%, 10/01/33		636,282		656,042
6.500%, 10/01/34		1,942,724		2,003,055
6.500%, 10/01/37 (c)		6,110,732		6,272,502
6.625%, 11/15/10 (a)		3,400,000		3,644,032
6.625%, 11/15/30 (a)		2,450,000		2,969,347
7.000%, 04/01/12		19,422		20,299
7.000%, 02/01/14		19,633		20,520
7.000%, 10/01/21		77,959		81,994
7.000%, 06/01/26		2,131		2,244
7.000%, 06/01/28		87,911		93,034
7.000%, 09/01/29		46,353		48,885
7.000%, 10/01/29		57,419		60,556
7.000%, 12/01/29		4,718		4,976
7.000%, 01/01/32		506,625		533,988
7.000%, 04/01/32		86,868		91,563
7.000%, 06/01/32		268,751		283,279
7.000%, 10/01/37		3,647,548		3,810,268
7.500%, 08/01/15		22,214		23,387
7.500%, 09/01/25		21,110		22,337
7.500%, 06/01/26		21,765		23,023
7.500%, 09/01/27		4,211		4,462
7.500%, 11/01/27		556		589
7.500%, 08/01/28		1,232		1,334
7.500%, 07/01/29		54,895		58,163
7.500%, 10/01/29		23,871		25,300
7.500%, 07/01/30		6,873		7,285
8.000%, 10/01/26		1,705		1,857
8.000%, 11/01/29		760		827
8.000%, 05/01/30		38,016		40,226
8.000%, 11/01/30		12,553		13,283
8.000%, 01/01/31		16,522		17,899
8.000%, 02/01/31		27,265		28,850
Government National Mortgage Association
5.000%, 10/15/20		2,186,055		2,197,475
5.000%, 01/15/21		1,863,363		1,873,098
5.000%, 12/15/35		2,370,250		2,330,425
5.000%, 12/15/36		4,494,818		4,417,882
5.500%, 03/15/36		3,380,505		3,389,928
5.500%, 01/15/37		5,003,372		5,017,379
5.500%, 11/15/37		9,176,013		9,201,700
5.500%, 09/15/38		5,000,000		5,014,068
6.000%, 01/15/29		41,961		42,881
6.000%, 01/15/33		1,150,874		1,173,396
6.000%, 03/15/35		1,805,507		1,834,960
6.000%, 12/15/35		2,154,096		2,189,236
6.000%, 06/15/36		3,515,152		3,571,475
6.000%, 09/01/36		3,722,063		3,772,675
6.000%, 09/15/36		4,187,281		4,254,374
6.000%, 07/15/38		2,896,776		2,942,656

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-66

Metropolitan Series Fund, Inc.

Lehman Brothers Aggregate Bond Index Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Fixed Income—(Continued)

Security Description	Face Amount		Value
Federal Agencies—(Continued)
Government National Mortgage Association
6.500%, 05/15/23	$	9,804	$	10,134
6.500%, 02/15/27		151,798		157,400
6.500%, 07/15/28		33,303		34,579
6.500%, 08/15/28		55,902		58,044
6.500%, 11/15/28		34,966		36,305
6.500%, 12/15/28		13,756		14,283
6.500%, 07/15/29		16,024		16,635
6.500%, 06/20/31		113,104		117,274
6.500%, 07/15/32		181,199		187,606
6.500%, 05/15/36		1,799,053		1,845,589
6.700%, 04/15/34		3,000,000		3,034,367
7.000%, 01/15/28		8,941		9,504
7.000%, 04/15/28		4,295		4,566
7.000%, 05/15/28		35,602		37,844
7.000%, 06/15/28		21,363		22,708
7.000%, 10/15/28		19,827		21,075
7.000%, 06/15/29		6,804		7,232
7.000%, 09/15/29		38,299		40,712
7.000%, 01/15/31		1,626		1,722
7.000%, 03/15/31		42,639		45,164
7.000%, 07/15/31		1,765,274		1,869,820
7.000%, 08/15/31		236,194		250,183
7.000%, 02/15/32		184,820		193,365
7.000%, 07/15/32		122,472		128,134
7.500%, 02/20/28		11,561		12,427
7.500%, 08/15/29		33,125		35,314
7.500%, 04/15/30		10,171		10,961
8.000%, 09/15/16		1,518		1,652
8.000%, 08/15/26		7,075		7,534
8.000%, 09/15/26		14,413		15,349
8.000%, 05/15/27		5,424		5,951
8.000%, 06/15/29		55,804		61,243
9.000%, 11/15/24		43,986		48,334
Tennessee Valley Authority 6.000%, 03/15/13		1,000,000		1,083,294
				639,490,526
Food & Staples Retailing—0.5%
CVS Corp. 5.750%, 06/01/17		3,500,000		3,233,666
Kroger Co. 5.500%, 02/01/13		950,000		943,334
Wal-Mart Stores, Inc. 4.550%, 05/01/13		2,075,000		2,055,258
6.875%, 08/10/09		500,000		515,457
				6,747,715
Food Products—0.6%
ConAgra Foods, Inc. 5.819%, 06/15/17		2,000,000		1,899,991
General Mills, Inc. 6.000%, 02/15/12		2,000,000		2,043,638
Kellogg Co. 6.600%, 04/01/11		2,700,000		2,807,888

Security Description	Face Amount		Value
Food Products—(Continued)
Kraft Foods, Inc. 6.250%, 06/01/12	$	900,000	$	910,671
				7,662,188
Foreign Government—1.8%
Brazilian Government International Bond 6.000%, 01/17/17 (a)		3,755,000		3,642,350
Mexico Government International Bond 6.750%, 09/27/34		1,050,000		1,043,142
8.375%, 01/14/11		250,000		269,101
Province of Nova Scotia 9.250%, 03/01/20		250,000		343,389
Province of Ontario 5.125%, 07/17/12 (a)		2,000,000		2,097,557
5.500%, 10/01/08 (a)		300,000		300,000
Province of Quebec 4.875%, 05/05/14 (a)		1,925,000		1,985,944
6.125%, 01/22/11		2,700,000		2,865,454
7.500%, 07/15/23 (a)		350,000		440,495
Republic of Italy 4.500%, 01/21/15		2,975,000		3,082,844
5.625%, 06/15/12		3,650,000		3,908,701
United Mexican States 8.000%, 09/24/22		2,200,000		2,577,121
9.875%, 02/01/10 (a)		500,000		536,025
				23,092,123
Gas Utilities—0.0%
El Paso Natural Gas Co. 8.375%, 06/15/32		220,000		226,198
Health Care Providers & Services—0.2%
Anthem, Inc. 6.800%, 08/01/12		2,200,000		2,226,806
Industrial Conglomerates—0.1%
General Electric Co. 5.000%, 02/01/13		930,000		845,778
Honeywell International, Inc. 7.500%, 03/01/10 (a)		300,000		317,108
				1,162,886
Insurance—0.5%
Allstate Corp. 6.125%, 02/15/12 (a)		2,750,000		2,782,431
6.900%, 05/15/38		150,000		142,680
AXA Financial, Inc. 7.750%, 08/01/10		500,000		523,825
AXA S.A. 8.600%, 12/15/30		1,165,000		1,063,050
Chubb Corp. 6.000%, 11/15/11		350,000		350,141
Hartford Financial Services Group, Inc. 6.100%, 10/01/41		780,000		587,114
6.375%, 11/01/08		105,000		104,829

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-67

Metropolitan Series Fund, Inc.

Lehman Brothers Aggregate Bond Index Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Fixed Income—(Continued)

Security Description	Face Amount		Value
Insurance—(Continued)
Prudential Financial, Inc. 5.700%, 12/14/36	$	1,525,000	$	1,127,171
				6,681,241
IT Services—0.1%
Electronic Data Systems Corp. 7.125%, 10/15/09		1,695,000		1,736,298
Machinery—0.1%
Caterpillar, Inc. 7.250%, 09/15/09		250,000		257,437
Deere & Co. 6.950%, 04/25/14 (a)		850,000		902,898
7.850%, 05/15/10 (a)		300,000		318,230
				1,478,565
Media—1.0%
Comcast Cable Communications Holdings, Inc. 8.375%, 03/15/13		1,700,000		1,809,205
Comcast Corp. 5.300%, 01/15/14		1,445,000		1,348,010
5.650%, 06/15/35		1,500,000		1,126,036
Cox Communications, Inc. 7.750%, 11/01/10		250,000		259,957
News America, Inc. 6.550%, 03/15/33 (a)		1,950,000		1,684,783
Thomson Corp. 6.200%, 01/05/12		3,700,000		3,739,421
Time Warner Cable, Inc. 5.850%, 05/01/17		100,000		90,091
6.550%, 05/01/37		100,000		82,797
Time Warner Entertainment Co., L.P. 8.375%, 03/15/23		380,000		369,806
Time Warner, Inc. 7.700%, 05/01/32		685,000		622,834
9.125%, 01/15/13		418,000		441,147
Turner Broadcasting System, Inc. 8.375%, 07/01/13		660,000		692,428
Viacom, Inc. 6.250%, 04/30/16		770,000		689,159
Walt Disney Co. 6.375%, 03/01/12		200,000		209,598
				13,165,272
Metals & Mining—0.6%
Alcan, Inc. 5.000%, 06/01/15		1,050,000		974,855
Alcoa, Inc. 5.375%, 01/15/13		1,000,000		962,603
5.720%, 02/23/19		523,000		453,809
5.870%, 02/23/22		101,000		84,738
Vale Overseas, Ltd. 6.250%, 01/23/17		3,810,000		3,636,123
6.875%, 11/21/36		1,100,000		1,019,280
				7,131,408

Security Description	Face Amount		Value
Multi-Utilities—0.6%
Dominion Resources, Inc. 5.150%, 07/15/15	$	3,600,000	$	3,330,491
Pacific Gas & Electric Co. 4.800%, 03/01/14		3,125,000		2,949,317
6.050%, 03/01/34		2,195,000		1,947,879
				8,227,687
Multiline Retail—0.2%
Macy’s Retail Holdings, Inc. 5.875%, 01/15/13		1,030,000		945,309
Target Corp. 6.350%, 11/01/32		2,300,000		2,006,150
				2,951,459
Oil, Gas & Consumable Fuels—1.1%
ConocoPhillips Holding Co. 6.950%, 04/15/29		700,000		711,205
Enterprise Products Operations, L.P. 5.000%, 03/01/15		2,000,000		1,783,453
6.300%, 09/15/17		3,400,000		3,193,815
Halliburton Co. 5.500%, 10/15/10 (c)		4,700,000		4,800,431
Pemex Project Funding Master Trust 6.625%, 06/15/35 (a)		1,080,000		982,537
Southern California Gas Co. 4.800%, 10/01/12 (a)		1,000,000		991,200
Transocean Sedco Forex, Inc. 7.500%, 04/15/31		300,000		293,492
XTO Energy, Inc. 7.500%, 04/15/12		715,000		744,501
				13,500,634
Paper & Forest Products—0.0%
Weyerhaeuser Co. 7.375%, 03/15/32		500,000		438,458
Personal Products—0.2%
Procter & Gamble Co. 4.950%, 08/15/14		2,000,000		2,011,934
6.450%, 01/15/26		200,000		209,495
6.875%, 09/15/09		850,000		877,182
				3,098,611
Pharmaceuticals—0.6%
Bristol-Myers Squibb Co. 5.875%, 11/15/36		2,000,000		1,757,119
Johnson & Johnson 5.950%, 08/15/37		910,000		903,246
6.950%, 09/01/29 (a)		250,000		276,361
Merck & Co., Inc. 5.950%, 12/01/28		300,000		283,054
Schering-Plough Corp. 6.550%, 09/15/37		1,000,000		909,675
Wyeth 5.500%, 02/01/14		3,000,000		2,941,351
				7,070,806

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-68

Metropolitan Series Fund, Inc.

Lehman Brothers Aggregate Bond Index Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Fixed Income—(Continued)

Security Description	Face Amount		Value
Real Estate Investment Trusts—0.3%
Brandywine Operating Partnership, L.P. 5.750%, 04/01/12	$	680,000	$	628,584
Developers Diversified Realty Corp. 5.375%, 10/15/12		520,000		465,676
Regency Centers, L.P. 5.250%, 08/01/15		850,000		739,572
Simon Property Group, L.P. 5.250%, 12/01/16		3,000,000		2,571,415
				4,405,247
Road & Rail—0.5%
Burlington Northern Santa Fe Corp. 5.900%, 07/01/12 (a)		1,000,000		1,018,956
CSX Corp. 6.750%, 03/15/11		200,000		202,767
7.900%, 05/01/17		500,000		511,460
Norfolk Southern Corp. 5.590%, 05/17/25		144,000		128,718
6.200%, 04/15/09		350,000		351,930
7.250%, 02/15/31		156,000		165,785
7.700%, 05/15/17		3,400,000		3,728,950
				6,108,566
Software—0.1%
Oracle Corp. 5.250%, 01/15/16		2,000,000		1,886,259
Specialty Retail—0.1%
Lowe’s Cos., Inc. 6.875%, 02/15/28 (a)		1,000,000		955,800
U.S. Treasury—21.5%
U.S. Treasury Bonds 2.875%, 01/31/13		6,000,000		6,018,181
4.500%, 02/15/36 (a)		7,175,000		7,357,963
5.250%, 11/15/28 (a)		2,700,000		2,986,767
5.250%, 02/15/29 (a)		750,000		830,100
5.375%, 02/15/31 (a)		5,255,000		5,967,000
5.500%, 08/15/28 (a)		2,420,000		2,754,178
6.125%, 11/15/27 (a)		3,950,000		4,803,398
6.250%, 08/15/23 (a)		8,450,000		10,132,649
6.375%, 08/15/27 (a)		2,800,000		3,486,588
6.500%, 11/15/26 (a)		1,000,000		1,254,500
6.875%, 08/15/25 (a)		2,450,000		3,160,230
7.875%, 02/15/21 (a)		4,450,000		5,969,052
8.000%, 11/15/21		2,920,000		3,986,851
8.125%, 08/15/19 (a)		2,645,000		3,554,774
8.125%, 08/15/21 (a)		1,250,000		1,716,287
8.500%, 02/15/20 (a)		6,700,000		9,281,979
8.750%, 08/15/20 (a)		1,000,000		1,416,760
8.875%, 02/15/19 (a)		10,215,000		14,311,113
9.125%, 05/15/18 (a)		1,600,000		2,256,576
9.250%, 02/15/16 (a)		1,375,000		1,880,656
U.S. Treasury Notes 3.375%, 11/15/08 (a)		820,000		822,304

Security Description	Face Amount		Value
U.S. Treasury—(Continued)
U.S. Treasury Notes
3.375%, 10/15/09 (a)	$	5,000,000	$	5,072,100
3.375%, 11/30/12 (a)		7,010,000		7,182,866
3.500%, 11/15/09 (a)		4,000,000		4,069,920
3.500%, 12/15/09 (a)		4,000,000		4,070,160
3.625%, 01/15/10 (a)		4,000,000		4,090,560
3.625%, 06/15/10 (a)		16,200,000		16,697,340
4.000%, 04/15/10 (a)		6,000,000		6,198,420
4.000%, 11/15/12 (a)		7,250,000		7,626,782
4.000%, 02/15/14 (a)		600,000		630,054
4.125%, 08/15/10 (a)		1,000,000		1,041,230
4.125%, 05/15/15 (a)		7,640,000		8,054,470
4.250%, 10/15/10 (a)		5,000,000		5,233,300
4.250%, 09/30/12 (a)		5,000,000		5,298,550
4.250%, 08/15/13 (a)		14,980,000		15,905,464
4.250%, 08/15/14 (a)		18,430,000		19,603,993
4.250%, 08/15/15 (a)		3,000,000		3,173,040
4.375%, 08/15/12 (a)		5,000,000		5,327,700
4.500%, 11/15/15 (a)		8,950,000		9,567,371
4.625%, 11/15/09 (a)		17,700,000		18,224,804
4.750%, 12/31/08 (a)		1,000,000		1,009,130
4.750%, 08/15/17 (a)		5,000,000		5,354,050
4.875%, 08/15/09 (a)		4,900,000		5,023,480
4.875%, 02/15/12 (a)		4,500,000		4,837,185
5.000%, 02/15/11 (a)		1,000,000		1,069,260
5.000%, 08/15/11 (a)		3,500,000		3,775,485
5.125%, 05/15/16 (a)		4,830,000		5,317,105
5.750%, 08/15/10 (a)		7,120,000		7,623,598
6.500%, 02/15/10 (a)		1,710,000		1,817,867
				276,843,190
Wireless Telecommunication Services—0.3%
AT&T Wireless Services, Inc. 8.125%, 05/01/12		500,000		537,378
Cingular Wireless Services, Inc. 7.875%, 03/01/11		890,000		935,464
8.750%, 03/01/31		300,000		319,855
Cingular Wireless, LLC 7.125%, 12/15/31		100,000		93,262
Vodafone Group, Plc. 6.150%, 02/27/37		1,000,000		812,073
7.750%, 02/15/10		1,150,000		1,191,466
				3,889,498
Yankee—0.7%
Apache Finance Canada Corp. 7.750%, 12/15/29		300,000		310,974
Encana Corp. 4.750%, 10/15/13		2,000,000		1,832,845
Hydro-Quebec 7.500%, 04/01/16		1,350,000		1,593,064
8.400%, 01/15/22 (a)		1,000,000		1,326,661
Inter-American Development Bank 5.375%, 11/18/08		700,000		701,828
6.800%, 10/15/25		500,000		606,900

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-69

Metropolitan Series Fund, Inc.

Lehman Brothers Aggregate Bond Index Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Fixed Income—(Continued)

Security Description	Face Amount		Value
Yankee—(Continued)
Inter-American Development Bank
7.000%, 06/15/25	$	200,000	$	251,502
8.875%, 06/01/09		400,000		414,391
International Bank for Reconstruction & Development
8.875%, 03/01/26		535,000		782,660
StatoilHydro ASA 6.700%, 01/15/18		300,000		311,917
6.800%, 01/15/28		1,350,000		1,356,483
				9,489,225
Total Fixed Income (Identified Cost $1,289,940,779)				1,271,769,484
Short Term Investments—28.7%
Security Description	Face Amount/Shares		Value
Discount Notes—0.6%
Federal Home Loan Bank 0.100%, 10/07/08		1,800,000		1,799,775
0.131%, 10/17/08		2,600,000		2,597,631
Federal National Mortgage Association 2.900%, 10/17/08		3,100,000		3,098,347
				7,495,753
Mutual Funds—28.1%
State Street Navigator Securities Lending Prime Portfolio (d)		362,947,668		362,947,668
Total Short Term Investments (Identified Cost $370,443,421)				370,443,421
Total Investments—127.4% (Identified Cost $1,660,384,200) (e)				1,642,212,905
Liabilities in excess of other assets				(353,658,872	)
Total Net Assets—100%			$	1,288,554,033

(a) A portion or all of the security was held on loan. As of September 30, 2008, the market value of securities loaned was $365,436,363 and the collateral received consisted of cash in the amount of $362,947,668 and non-cash collateral with a value of $14,223,679. The cash collateral is invested in a money market fund managed by an affiliate of the custodian. The non-cash collateral received consists primarily of government securities and bank letters of credit, and are held for the benefit of the Portfolio at the Portfolio’s custodian.

(b) Variable or Floating Rate Security. Rate disclosed is as of September 30, 2008.

(c) Non-Income Producing.

(d) Represents investment of cash collateral received from securities lending transactions.

(e) The aggregate cost of investments for federal income tax purposes as of September 30, 2008 was $1,660,183,367 and the composition of unrealized appreciation and depreciation of investment securities was $18,530,339 and $(36,500,801), respectively.

The Portfolio adopted the provisions of Statement of Financial Accounting Standards No. 157, “Fair Value Measurements” (FAS 157), effective with the beginning of the Portfolio’s fiscal year. FAS 157 establishes a framework for measuring fair value and expands disclosures about fair value measurements in financial statements. Management has evaluated the application of FAS 157 to the Portfolio, and has determined that the adoption of FAS 157 does not have a material impact on the Portfolio’s financial statements. The three levels of the hierarchy under FAS 157 are described below:

Level 1—quoted prices in active markets for identical securities

Level 2—other significant observable inputs (including quoted prices for similar securities, interest rates, credit risk, etc.)

Level 3—significant unobservable inputs (including the Adviser and Subadvisor’s own assumptions in determining the fair value of investments)

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

The following is a summary of the inputs used to value the Portfolio’s net assets as of September 30, 2008:

Valuation Inputs	Investments In Securities		Other Financial Instruments*
Level 1—Quoted Prices	$	752,028,166	$	0
Level 2—Other Significant Observable Inputs		890,184,739		0
Level 3—Significant Unobservable Inputs		0		0
Total	$	1,642,212,905	$	0

* Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures, forwards, swap contracts and written options, which are valued based on the unrealized appreciation/depreciation on the instrument.

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-70

Metropolitan Series Fund, Inc.

Loomis Sayles Small Cap Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Common Stock—98.2% of Total Net Assets

Security Description	Shares	Value
Aerospace & Defense—2.8%
Curtiss-Wright Corp.	40,444	$	1,838,180
Ducommun, Inc.	45,300		1,081,764
Moog, Inc. (a)	82,312		3,529,538
Orbital Sciences Corp. (a)	81,467		1,952,764
Teledyne Technologies, Inc. (a)	52,560		3,004,330
			11,406,576
Air Freight & Logistics—0.6%
Atlas Air Worldwide Holdings, Inc. (a)	29,290		1,180,680
HUB Group, Inc. (Class A) (a)	39,293		1,479,381
			2,660,061
Auto Components—0.5%
Federal Mogul Corp.	55,128		691,856
Gentex Corp. (b)	51,368		734,563
Stoneridge, Inc. (a)	44,396		499,455
			1,925,874
Biotechnology—1.2%
BioMarin Pharmaceutical, Inc. (a) (b)	44,338		1,174,514
Isis Pharmaceuticals, Inc. (a)	68,659		1,159,650
Rigel Pharmaceuticals, Inc. (a) (b)	57,751		1,348,486
United Therapeutics Corp. (a)	12,298		1,293,381
			4,976,031
Building Products—0.3%
Armstrong World Industries, Inc. (a) (b)	48,918		1,413,730
Capital Markets—1.6%
Investment Technology Group, Inc. (a)	36,149		1,100,014
JMP Group, Inc. (b)	37,846		196,799
Stifel Financial Corp. (a)	103,334		5,156,367
			6,453,180
Chemicals—1.5%
Cytec Industries, Inc.	25,403		988,431
Koppers Holdings, Inc.	25,209		943,069
LSB Industries, Inc. (a)	19,223		266,239
Minerals Technologies, Inc.	15,656		929,340
Solutia, Inc. (a)	130,400		1,825,600
Zep, Inc. (b)	72,168		1,273,043
			6,225,722
Commercial Banks—5.7%
Bank of the Ozarks, Inc. (b)	84,939		2,293,353
Citizens Banking Corp.	197,325		607,761
Comerica, Inc.	36,013		1,180,866
CVB Financial Corp. (b)	90,793		1,262,023
Hancock Holding Co. (b)	36,409		1,856,859
IBERIABANK Corp. (b)	27,596		1,458,449
Old National Bancorp (b)	42,228		845,404
Pennsylvania Commerce Bancorp, Inc. (a) (b)	32,794		977,589
PrivateBancorp, Inc. (b)	35,568		1,481,763
Prosperity Bancshares, Inc. (b)	67,483		2,293,747
Signature Bank (a) (b)	93,761		3,270,384

Security Description	Shares	Value
Commercial Banks—(Continued)
Sterling Bancshares, Inc.	202,833	$	2,119,605
SVB Financial Group (a) (b)	42,498		2,461,484
Westamerica Bancorp (b)	20,978		1,206,864
			23,316,151
Commercial Services & Supplies—8.1%
ABM Industries, Inc. (b)	90,348		1,973,200
American Ecology Corp. (b)	61,461		1,700,626
Clean Harbors, Inc. (a)	31,158		2,104,723
Duff & Phelps Corp. (a)	4,814		101,238
FTI Consulting, Inc. (a) (b)	31,327		2,263,062
Hill International, Inc. (a)	115,940		1,605,769
ICF International, Inc.	117,269		2,316,063
Innerworkings, Inc. (a) (b)	141,131		1,565,143
McGrath Rentcorp (b)	65,732		1,894,396
Rollins, Inc. (b)	229,115		4,348,603
Standard Parking Corp. (a) (b)	128,009		2,844,360
Team, Inc. (b)	55,258		1,995,919
The GEO Group, Inc. (a)	165,086		3,336,388
Waste Connections, Inc. (a)	154,072		5,284,670
			33,334,160
Communications Equipment—2.2%
ADC Telecommunications, Inc. (a)	95,956		810,828
Adtran, Inc. (b)	61,214		1,193,061
Anaren, Inc. (a)	38,072		386,431
Brocade Communications Systems, Inc. (a)	171,316		997,059
CommScope, Inc. (a) (b)	61,317		2,124,021
Foundry Networks, Inc. (a) (b)	103,949		1,892,911
Tekelec, Inc. (a) (b)	104,312		1,459,325
			8,863,636
Computers & Peripherals—0.6%
Intevac, Inc. (a)	68,362		727,372
NCR Corp. (a)	27,685		610,454
Teradata Corp. (a)	53,289		1,039,135
			2,376,961
Construction & Engineering—1.2%
Granite Construction, Inc. (b)	34,499		1,235,754
Layne Christensen Co. (a)	8,699		308,206
MasTec, Inc. (a)	90,666		1,204,951
Northwest Pipe Co. (a) (b)	46,326		2,020,740
			4,769,651
Consumer Finance—0.6%
Dollar Financial Corp. (a) (b)	100,266		1,543,094
World Acceptance Corp. (a)	24,557		884,052
			2,427,146
Containers & Packaging—1.0%
Greif, Inc.	12,338		809,619
Myers Industries, Inc. (b)	120,678		1,521,750
Rock-Tenn Co. (b)	40,699		1,627,146
			3,958,515

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-71

Metropolitan Series Fund, Inc.

Loomis Sayles Small Cap Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Common Stock—(Continued)

Security Description	Shares	Value
Distributors—0.4%
Core-Mark Holding Co., Inc. (a) (b)	15,580	$	389,344
DXP Enterprises, Inc. (a)	22,854		1,218,347
			1,607,691
Diversified Consumer Services—1.4%
American Public Education, Inc. (a) (b)	34,412		1,661,411
Capella Education Co. (a) (b)	26,885		1,152,291
DeVry, Inc.	38,414		1,903,030
Hillenbrand, Inc.	49,254		992,961
			5,709,693
Diversified Financial Services—0.7%
Heckmann Corp. (a) (b)	123,977		1,022,810
PHH Corp. (a)	130,155		1,729,760
			2,752,570
Diversified Telecommunication Services—0.5%
NTELOS Holdings Corp.	84,121		2,262,014
Electric Utilities—2.1%
Allete, Inc. (b)	51,623		2,297,223
ITC Holdings Corp. (b)	76,579		3,964,495
Portland General Electric Co.	95,141		2,251,036
			8,512,754
Electrical Equipment—1.7%
Acuity Brands, Inc. (b)	26,409		1,102,840
Energy Conversion Devices, Inc. (a)	17,612		1,025,899
General Cable Corp. (b)	24,512		873,362
II-VI, Inc. (a) (b)	24,612		951,500
Polypore International, Inc. (a)	69,223		1,488,987
Woodward Governor Co.	49,449		1,744,066
			7,186,654
Electronic Equipment & Instruments—2.0%
Anixter International, Inc. (a) (b)	10,569		628,961
Daktronics, Inc. (b)	51,071		850,843
IPG Photonics Corp. (a) (b)	109,389		2,134,180
Littelfuse, Inc. (a)	70,952		2,109,403
Scansource, Inc. (a) (b)	57,294		1,649,494
Vishay Intertechnology, Inc. (a)	113,434		750,933
			8,123,814
Energy Equipment & Services—3.1%
Dresser-Rand Group, Inc. (a)	56,381		1,774,310
Hornbeck Offshore Services, Inc. (a) (b)	77,252		2,983,472
IHS, Inc. (a)	35,579		1,694,983
Mitcham Industries, Inc. (a) (b)	51,168		516,285
Newpark Resources, Inc. (a) (b)	102,053		744,987
Oceaneering International, Inc. (a)	33,664		1,794,964
Superior Well Services, Inc. (a) (b)	34,176		864,995
T-3 Energy Services, Inc. (a)	29,348		1,089,398
Tesco Corp. (a)	54,871		1,148,999
			12,612,393

Security Description	Shares	Value
Food & Staples Retailing—0.6%
Spartan Stores, Inc. (b)	105,252	$	2,618,670
Food Products—1.6%
Flowers Foods, Inc.	66,516		1,952,910
Green Mountain Coffee Roasters, Inc. (a)	39,692		1,561,483
J&J Snack Foods Corp.	36,349		1,232,595
Ralcorp Holdings, Inc. (a) (b)	30,091		2,028,434
			6,775,422
Gas Utilities—1.1%
Energen Corp.	14,200		642,976
ONEOK, Inc.	6,846		235,502
UGI Corp.	144,729		3,731,114
			4,609,592
Health Care Equipment & Supplies—4.5%
Hill-Rom Holdings, Inc. (b)	52,017		1,576,635
Insulet Corp. (a) (b)	84,222		1,172,370
Masimo Corp. (a) (b)	46,319		1,723,067
Medical Action Industries, Inc. (a)	58,977		774,368
Natus Medical, Inc. (a) (b)	92,308		2,091,699
NuVasive, Inc. (a)	30,898		1,524,198
Quidel Corp. (a) (b)	93,629		1,536,452
RTI Biologics, Inc. (a)	184,547		1,725,515
SonoSite, Inc. (a)	57,471		1,804,589
Teleflex, Inc.	33,253		2,111,233
West Pharmaceutical Services, Inc. (b)	45,942		2,242,889
			18,283,015
Health Care Providers & Services—5.3%
Amedisys, Inc. (a) (b)	27,854		1,355,654
athenahealth, Inc. (a) (b)	43,341		1,441,955
BIO-Reference Laboratories, Inc. (a) (b)	64,861		1,874,483
CardioNet, Inc. (a) (b)	67,899		1,694,759
Catalyst Health Solutions, Inc.	63,192		1,650,575
Corvel Corp. (a)	44,185		1,264,133
Gentiva Health Services, Inc. (a)	49,201		1,325,475
Healthspring, Inc. (a)	51,675		1,093,443
inVentiv Health, Inc. (a)	54,216		957,455
MWI Veterinary Supply, Inc. (a) (b)	75,833		2,979,479
Pediatrix Medical Group, Inc. (a)	20,780		1,120,458
Psychiatric Solutions, Inc. (a) (b)	39,373		1,494,205
Skilled Healthcare Group, Inc. (a) (b)	98,609		1,566,897
Sun Healthcare Group, Inc. (a)	127,178		1,864,429
			21,683,400
Health Care Technology—0.6%
Phase Forward, Inc. (a)	110,135		2,302,923
Hotels, Restaurants & Leisure—1.9%
Bob Evans Farms, Inc. (b)	60,596		1,653,665
Buffalo Wild Wings, Inc. (a)	35,459		1,426,870
Cosi, Inc. (a) (b)	340,902		671,577
Dover Downs Gaming & Entertainment, Inc. (b)	72,962		567,644
Panera Bread Co. (a) (b)	26,338		1,340,604

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-72

Metropolitan Series Fund, Inc.

Loomis Sayles Small Cap Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Common Stock—(Continued)

Security Description	Shares	Value
Hotels, Restaurants & Leisure—(Continued)
Penn National Gaming, Inc. (a)	43,757	$	1,162,624
Wyndham Worldwide Corp.	49,616		779,467
			7,602,451
Insurance—3.2%
American Equity Investment Life Holding Co. (b)	23,358		175,185
American Physicians Capital, Inc.	24,847		1,051,774
Amtrust Financial Services, Inc. (b)	96,500		1,311,435
Arch Capital Group, Ltd. (a)	16,092		1,175,199
Delphi Financial Group, Inc.	37,400		1,048,696
Employers Holdings, Inc. (b)	62,243		1,081,783
Fidelity National Financial, Inc. (b)	48,392		711,362
HCC Insurance Holdings, Inc.	58,255		1,572,885
ProAssurance Corp. (a)	24,714		1,383,984
RLI Corp. (b)	35,120		2,180,601
The Navigators Group, Inc. (a)	28,044		1,626,552
			13,319,456
Internet & Catalog Retail—0.3%
HSN, Inc. (a)	119,654		1,317,391
Internet Software & Services—2.8%
Ariba, Inc. (a) (b)	196,257		2,773,111
Constant Contact, Inc. (a) (b)	95,067		1,622,794
SkillSoft, Plc. (ADR) (a)	189,442		1,981,563
United Online, Inc. (b)	120,232		1,131,383
VistaPrint, Ltd. (a) (b)	61,476		2,018,872
Vocus, Inc. (a)	61,624		2,092,751
			11,620,474
IT Services—3.0%
Alliance Data Systems Corp. (a)	36,192		2,293,849
Broadridge Financial Solutions, Inc.	150,072		2,309,608
Lender Processing Services, Inc.	55,702		1,700,025
Perot Systems Corp. (Class A) (a)	95,600		1,658,660
Syntel, Inc. (b)	60,200		1,474,900
Wright Express Corp. (a)	89,625		2,675,306
			12,112,348
Leisure Equipment & Products—0.3%
Steinway Musical Instruments, Inc. (a) (b)	41,469		1,174,402
Life Sciences Tools & Services—2.0%
Icon, Plc. (ADR) (a)	47,571		1,819,591
Luminex Corp. (a) (b)	69,466		1,737,345
Parexel International Corp. (a)	70,354		2,016,345
PerkinElmer, Inc.	62,932		1,571,412
Varian, Inc. (a)	22,621		970,441
			8,115,134
Machinery—3.3%
Actuant Corp. (b)	65,116		1,643,528
Altra Holdings, Inc. (a)	67,581		997,495
CLARCOR, Inc. (b)	25,748		977,137
Commercial Vehicle Group, Inc. (a) (b)	6,642		47,225

Security Description	Shares	Value
Machinery—(Continued)
Energy Recovery, Inc. (a)	121,413	$	1,164,351
ESCO Technologies, Inc. (a) (b)	21,752		1,047,794
FreightCar America, Inc. (b)	46,833		1,370,802
John Bean Technologies Corp. (a)	98,340		1,244,984
Kaydon Corp. (b)	33,969		1,530,643
RBC Bearings, Inc. (a)	42,883		1,444,728
Valmont Industries, Inc.	12,278		1,015,268
Wabtec Corp.	24,626		1,261,590
			13,745,545
Media—2.8%
Alloy, Inc. (a)	64,685		500,015
Belo Corp. (b)	51,613		266,323
DG FastChannel, Inc. (a) (b)	104,438		2,289,281
Interactive Data Corp.	88,391		2,229,221
John Wiley & Sons, Inc.	83,412		3,374,015
Knology, Inc. (a) (b)	148,106		1,195,216
RHI Entertainment, Inc. (b)	103,378		1,540,332
			11,394,403
Metals & Mining—0.5%
Haynes International, Inc. (a) (b)	19,421		909,486
Reliance Steel & Aluminum Co.	33,763		1,281,981
			2,191,467
Multi-Utilities—0.3%
NorthWestern Corp.	48,516		1,219,207
Multiline Retail—0.4%
Dollar Tree, Inc. (a)	41,394		1,505,086
Oil, Gas & Consumable Fuels—3.1%
Arena Resources, Inc. (a)	39,072		1,517,947
Comstock Resources, Inc. (a)	15,911		796,346
Foundation Coal Holdings, Inc.	30,135		1,072,203
Goodrich Petroleum Corp. (a) (b)	28,884		1,259,054
Mariner Energy, Inc. (a) (b)	76,960		1,577,680
Penn Virginia Corp.	42,056		2,247,473
Petroleum Development Corp. (a)	26,588		1,179,710
Rex Energy Corp. (a) (b)	87,273		1,375,422
St. Mary Land & Exploration Co.	25,633		913,816
Venoco, Inc. (a) (b)	49,529		643,877
			12,583,528
Personal Products—0.5%
Alberto-Culver Co. (b)	74,933		2,041,175
Pharmaceuticals—2.2%
Alpharma, Inc. (a) (b)	25,984		958,550
Auxilium Pharmaceuticals, Inc. (a)	30,010		972,324
Endo Pharmaceuticals Holdings, Inc. (a)	60,457		1,209,140
Eurand NV (a) (b)	70,705		1,284,003
Obagi Medical Products, Inc. (a)	97,014		968,199
Perrigo Co.	66,167		2,544,783
ViroPharma, Inc. (a)	86,350		1,132,912
			9,069,911

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-73

Metropolitan Series Fund, Inc.

Loomis Sayles Small Cap Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Common Stock—(Continued)

Security Description	Shares	Value
Real Estate Investment Trusts—3.0%
American Campus Communities, Inc.	42,178	$	1,428,991
BioMed Realty Trust, Inc. (b)	63,245		1,672,830
Capstead Mortgage Corp. (b)	143,979		1,576,570
Digital Realty Trust, Inc. (b)	37,061		1,751,132
Health Care REIT, Inc.	47,658		2,536,835
Kite Realty Group Trust	58,754		646,294
Potlatch Corp. (b)	61,497		2,852,846
			12,465,498
Real Estate Management & Development—0.3%
Forestar Real Estate Group, Inc. (a) (b)	97,223		1,434,039
Road & Rail—1.6%
Con-Way, Inc. (b)	37,937		1,673,401
Genesee & Wyoming, Inc. (a) (b)	46,160		1,731,923
Kansas City Southern, Inc. (a)	32,480		1,440,813
Ryder System, Inc. (b)	29,814		1,848,468
			6,694,605
Semiconductors & Semiconductor Equipment—2.3%
Cavium Networks, Inc. (a) (b)	92,985		1,309,229
Cohu, Inc. (b)	50,336		796,315
Diodes, Inc. (a) (b)	54,719		1,009,566
NetLogic Microsystems, Inc. (a) (b)	58,245		1,761,329
ON Semiconductor Corp. (a) (b)	150,174		1,015,176
Semtech Corp. (a)	46,291		646,222
Varian Semiconductor Equipment Associates, Inc. (a)	50,749		1,274,815
Verigy, Ltd. (a)	111,274		1,811,541
			9,624,193
Software—4.9%
Advent Software, Inc. (a) (b)	45,160		1,590,987
Blackbaud, Inc.	66,575		1,228,309
Blackboard, Inc. (a)	56,049		2,258,214
Concur Technologies, Inc. (a)	30,570		1,169,608
Informatica Corp. (a)	125,604		1,631,596
Mentor Graphics Corp. (a) (b)	111,416		1,264,571
NetScout Systems, Inc. (a)	107,853		1,147,556
Progress Software Corp. (a)	75,370		1,958,866
Quest Software, Inc. (a)	89,940		1,141,339
Radiant Systems, Inc. (a)	69,575		604,607
Solera Holdings, Inc. (a)	74,512		2,139,985
Sybase, Inc. (a)	55,940		1,712,883
Tyler Technologies, Inc. (a) (b)	149,956		2,274,832
			20,123,353
Specialty Retail—3.0%
Aeropostale, Inc. (a) (b)	55,900		1,794,949
Buckle, Inc. (b)	26,934		1,495,914
Genesco, Inc. (a) (b)	72,323		2,421,374
Jo-Ann Stores, Inc. (a) (b)	45,464		953,835
RadioShack Corp.	66,918		1,156,343
Sally Beauty Holdings, Inc. (a) (b)	238,006		2,046,851
The Gymboree Corp. (a)	40,238		1,428,449
Ulta Salon Cosmetics & Fragrance, Inc. (a)	67,631		898,140
			12,195,855

Security Description	Shares		Value
Textiles, Apparel & Luxury Goods—1.5%
Carter’s, Inc. (a)		63,060	$	1,244,174
FGX International Holdings, Ltd. (a)		64,154		710,185
Fossil, Inc. (a) (b)		47,300		1,335,279
Hanesbrands, Inc. (a) (b)		68,800		1,496,400
True Religion Apparel, Inc. (a) (b)		58,447		1,510,855
				6,296,893
Thrifts & Mortgage Finance—0.6%
Beneficial Mutual Bancorp, Inc. (a) (b)		108,826		1,376,649
Westfield Financial, Inc. (b)		87,140		897,542
				2,274,191
Water Utilities—0.5%
American State Water Co. (b)		30,450		1,172,325
Middlesex Water Co. (b)		61,079		1,067,050
				2,239,375
Wireless Telecommunication Services—0.4%
SBA Communications Corp. (a) (b)		61,112		1,580,967
Total Common Stock (Identified Cost $387,672,581)				403,088,946
Short Term Investments—28.6%
Security Description	Shares/Face Amount		Value
Mutual Funds—26.4%
State Street Navigator Securities Lending Prime Portfolio (c)		108,478,751		108,478,751
Repurchase Agreement—2.2%
State Street Repurchase Agreement dated 09/30/08 at 1.300% to be repurchased at $8,804,318 on 10/01/08, collateralized by $8,990,000 Federal Home Loan Bank due 01/19/10 with a value of $8,980,650.	$	8,804,000		8,804,000
Total Short Term Investments (Identified Cost $117,282,751)				117,282,751
Total Investments—126.8% (Identified Cost $504,955,332) (d)				520,371,697
Liabilities in excess of other assets				(110,071,615	)
Total Net Assets—100%			$	410,300,082

(a) Non-Income Producing.

(b) A portion or all of the security was held on loan. As of September 30, 2008, the market value of securities loaned was $108,932,383 and the collateral received consisted of cash in the amount of $108,478,751. The cash collateral is invested in a money market fund managed by an affiliate of the custodian.

(c) Represents investment of cash collateral received from securities lending transactions.

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-74

Metropolitan Series Fund, Inc.

Loomis Sayles Small Cap Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

(d) The aggregate cost of investments for federal income tax purposes as of September 30, 2008 was $504,885,962 and the composition of unrealized appreciation and depreciation of investment securities was $46,526,393 and $(31,040,658), respectively.

(ADR)— An American Depositary Receipt is a certificate issued by a custodian bank representing the right to receive securities of the foreign issuer described. Trading on exchanges not located in the United States or Canada significantly influences the value of ADRs.

The Portfolio adopted the provisions of Statement of Financial Accounting Standards No. 157, “Fair Value Measurements” (FAS 157), effective with the beginning of the Portfolio’s fiscal year. FAS 157 establishes a framework for measuring fair value and expands disclosures about fair value measurements in financial statements. Management has evaluated the application of FAS 157 to the Portfolio, and has determined that the adoption of FAS 157 does not have a material impact on the Portfolio’s financial statements. The three levels of the hierarchy under FAS 157 are described below:

Level 1—quoted prices in active markets for identical securities

Level 2—other significant observable inputs (including quoted prices for similar securities, interest rates, credit risk, etc.)

Level 3—significant unobservable inputs (including the Adviser and Subadvisor’s own assumptions in determining the fair value of investments)

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

The following is a summary of the inputs used to value the Portfolio’s net assets as of September 30, 2008:

Valuation Inputs	Investments In Securities		Other Financial Instruments*
Level 1—Quoted Prices	$	511,567,697	$	0
Level 2—Other Significant Observable Inputs		8,804,000		0
Level 3—Significant Unobservable Inputs		0		0
Total	$	520,371,697	$	0

* Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures, forwards, swap contracts and written options, which are valued based on the unrealized appreciation/depreciation on the instrument.

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-75

Metropolitan Series Fund, Inc.

MetLife Aggressive Allocation Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Mutual Funds—100.0%

Security Description	Shares	Value
Affiliated Investment Companies—100.0%
Met Investors Series Trust—BlackRock Large Cap Core Portfolio, (Class A)	1,199,685	$	10,005,370
Met Investors Series Trust—Clarion Global Real Estate Portfolio, (Class A)	376,144		4,005,928
Met Investors Series Trust—Dreman Small Cap Value Portfolio, (Class A)	678,401		8,215,437
Met Investors Series Trust—Harris Oakmark International Portfolio, (Class A)	1,104,183		12,123,928
Met Investors Series Trust—Lazard Mid-Cap Portfolio, (Class A)	851,568		8,004,744
Met Investors Series Trust—Legg Mason Value Equity Portfolio, (Class A)	1,505,716		9,802,209
Met Investors Series Trust—Met/AIM Small Cap Growth Portfolio, (Class A)	708,891		8,088,441
Met Investors Series Trust—MFS Research International Portfolio, (Class A)	1,363,247		12,705,460
Metropolitan Series Fund, Inc.—BlackRock Large Cap Value Portfolio, (Class A)	1,308,256		14,050,670
Metropolitan Series Fund, Inc.—Davis Venture Value Portfolio, (Class A)	841,669		24,088,559
Metropolitan Series Fund, Inc.—FI Mid Cap Opportunities Portfolio, (Class A)	470,479		6,770,186
Metropolitan Series Fund, Inc.—Jennison Growth Portfolio, (Class A)	1,385,436		13,688,108

Security Description	Shares	Value
Affiliated Investment Companies—(Continued)
Metropolitan Series Fund, Inc.—Julius Baer International Stock Portfolio, (Class A)	1,305,691	$	12,547,695
Metropolitan Series Fund, Inc.—MetLife Stock Index Portfolio, (Class A)	497,407		14,026,876
Metropolitan Series Fund, Inc.—MFS Value Portfolio, (Class A)	1,074,686		12,251,417
Metropolitan Series Fund, Inc.—Neuberger Berman Mid Cap Value Portfolio, (Class A)	469,699		7,285,036
Metropolitan Series Fund, Inc.—Russell 2000 Index Portfolio, (Class A)	342,486		4,106,403
Metropolitan Series Fund, Inc.—T. Rowe Price Large Cap Growth Portfolio, (Class A)	1,106,177		13,130,317
Total Mutual Funds (Identified Cost $256,155,089)			194,896,784
Total Investments—100.0% (Identified Cost $256,155,089) (a)			194,896,784
Liabilities in excess of other assets			(32,109	)
Total Net Assets—100%		$	194,864,675

(a) The aggregate cost of investments for federal income tax purposes as of September 30, 2008 was $256,155,089 and the unrealized depreciation of investment securities was $(61,258,305).

The Portfolio adopted the provisions of Statement of Financial Accounting Standards No. 157, “Fair Value Measurements” (FAS 157), effective with the beginning of the Portfolio’s fiscal year. FAS 157 establishes a framework for measuring fair value and expands disclosures about fair value measurements in financial statements. Management has evaluated the application of FAS 157 to the Portfolio, and has determined that the adoption of FAS 157 does not have a material impact on the Portfolio’s financial statements. The three levels of the hierarchy under FAS 157 are described below:

Level 1—quoted prices in active markets for identical securities

Level 2—other significant observable inputs (including quoted prices for similar securities, interest rates, credit risk, etc.)

Level 3—significant unobservable inputs (including the Adviser and Subadvisor’s own assumptions in determining the fair value of investments)

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

The following is a summary of the inputs used to value the Portfolio’s net assets as of September 30, 2008:

Valuation Inputs	Investments In Securities		Other Financial Instruments*
Level 1—Quoted Prices	$	194,896,784	$	0
Level 2—Other Significant Observable Inputs		0		0
Level 3—Significant Unobservable Inputs		0		0
Total	$	194,896,784	$	0

* Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures, forwards, swap contracts and written options, which are valued based on the unrealized appreciation/depreciation on the instrument.

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-76

Metropolitan Series Fund, Inc.

MetLife Conservative Allocation Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Mutual Funds—100.0%

Security Description	Shares	Value
Affiliated Investment Companies—100.0%
Met Investors Series Trust—BlackRock High Yield Portfolio, (Class A)	727,734	$	5,181,469
Met Investors Series Trust—BlackRock Large Cap Core Portfolio, (Class A)	305,498		2,547,856
Met Investors Series Trust—Dreman Small Cap Value Portfolio, (Class A)	215,988		2,615,610
Met Investors Series Trust—Harris Oakmark International Portfolio, (Class A)	233,906		2,568,283
Met Investors Series Trust—Lazard Mid-Cap Portfolio, (Class A)	270,974		2,547,157
Met Investors Series Trust—Legg Mason Value Equity Portfolio, (Class A)	383,290		2,495,218
Met Investors Series Trust—Lord Abbett Bond Debenture Portfolio, (Class A)	705,690		7,727,309
Met Investors Series Trust—Met/AIM Small Cap Growth Portfolio, (Class A)	225,538		2,573,390
Met Investors Series Trust—MFS Research International Portfolio, (Class A)	496,955		4,631,623
Met Investors Series Trust—PIMCO Inflation Protected Bond Portfolio, (Class A)	1,491,816		15,619,313
Met Investors Series Trust—PIMCO Total Return Portfolio, (Class A)	5,712,326		63,749,560
Metropolitan Series Fund, Inc.—BlackRock Bond Income Portfolio, (Class A)	523,707		53,439,102
Metropolitan Series Fund, Inc.—BlackRock Large Cap Value Portfolio, (Class A)	476,149		5,113,835
Metropolitan Series Fund, Inc.—Davis Venture Value Portfolio, (Class A)	267,994		7,669,993
Metropolitan Series Fund, Inc.—FI Mid Cap Opportunities Portfolio, (Class A)	150,518		2,165,958

Security Description	Shares	Value
Affiliated Investment Companies—(Continued)
Metropolitan Series Fund, Inc.—Jennison Growth Portfolio, (Class A)	252,014	$	2,489,902
Metropolitan Series Fund, Inc.—Julius Baer International Stock Portfolio, (Class A)	238,200		2,289,101
Metropolitan Series Fund, Inc.—MetLife Stock Index Portfolio, (Class A)	90,467		2,551,171
Metropolitan Series Fund, Inc.—Neuberger Berman Mid Cap Value Portfolio, (Class A)	149,691		2,321,712
Metropolitan Series Fund, Inc.—Russell 2000 Index Portfolio, (Class A)	217,973		2,613,493
Metropolitan Series Fund, Inc.—T. Rowe Price Large Cap Growth Portfolio, (Class A)	402,625		4,779,160
Metropolitan Series Fund, Inc.—Western Asset Mgt. Strategic Bond Opportunities Portfolio, (Class A)	4,258,627		46,972,655
Metropolitan Series Fund, Inc.—Western Asset Mgt. U.S. Government Portfolio, (Class A)	1,397,642		16,645,916
Total Mutual Funds (Identified Cost $291,330,837)			261,308,786
Total Investments—100.0% (Identified Cost $291,330,837) (a)			261,308,786
Liabilities in excess of other assets			(56,149	)
Total Net Assets—100%		$	261,252,637

(a) The aggregate cost of investments for federal income tax purposes as of September 30, 2008 was $291,330,837 and the unrealized depreciation of investment securities was $(30,022,051).

The Portfolio adopted the provisions of Statement of Financial Accounting Standards No. 157, “Fair Value Measurements” (FAS 157), effective with the beginning of the Portfolio’s fiscal year. FAS 157 establishes a framework for measuring fair value and expands disclosures about fair value measurements in financial statements. Management has evaluated the application of FAS 157 to the Portfolio, and has determined that the adoption of FAS 157 does not have a material impact on the Portfolio’s financial statements. The three levels of the hierarchy under FAS 157 are described below:

Level 1—quoted prices in active markets for identical securities

Level 2—other significant observable inputs (including quoted prices for similar securities, interest rates, credit risk, etc.)

Level 3—significant unobservable inputs (including the Adviser and Subadvisor’s own assumptions in determining the fair value of investments)

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

The following is a summary of the inputs used to value the Portfolio’s net assets as of September 30, 2008:

Valuation Inputs	Investments In Securities		Other Financial Instruments*
Level 1—Quoted Prices	$	261,308,786	$	0
Level 2—Other Significant Observable Inputs		0		0
Level 3—Significant Unobservable Inputs		0		0
Total	$	261,308,786	$	0

* Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures, forwards, swap contracts and written options, which are valued based on the unrealized appreciation/depreciation on the instrument.

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-77

Metropolitan Series Fund, Inc.

MetLife Conservative To Moderate Allocation Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Mutual Funds—100.0%

Security Description	Shares	Value
Affiliated Investment Companies—100.0%
Met Investors Series Trust—BlackRock High Yield Portfolio, (Class A)	2,178,232	$	15,509,014
Met Investors Series Trust—BlackRock Large Cap Core Portfolio, (Class A)	1,828,493		15,249,632
Met Investors Series Trust—Clarion Global Real Estate Portfolio, (Class A)	717,472		7,641,080
Met Investors Series Trust—Dreman Small Cap Value Portfolio, (Class A)	1,293,540		15,664,773
Met Investors Series Trust—Harris Oakmark International Portfolio, (Class A)	2,100,842		23,067,241
Met Investors Series Trust—Lazard Mid-Cap Portfolio, (Class A)	811,458		7,627,707
Met Investors Series Trust—Legg Mason Value Equity Portfolio, (Class A)	2,293,643		14,931,616
Met Investors Series Trust—Lord Abbett Bond Debenture Portfolio, (Class A)	1,407,906		15,416,571
Met Investors Series Trust—Met/AIM Small Cap Growth Portfolio, (Class A)	1,350,946		15,414,297
Met Investors Series Trust—MFS Research International Portfolio, (Class A)	2,226,539		20,751,344
Met Investors Series Trust—PIMCO Inflation Protected Bond Portfolio, (Class A)	2,232,498		23,374,251
Met Investors Series Trust—PIMCO Total Return Portfolio, (Class A)	15,676,932		174,954,563
Metropolitan Series Fund, Inc.—BlackRock Bond Income Portfolio, (Class A)	862,219		87,980,838
Metropolitan Series Fund, Inc.—BlackRock Large Cap Value Portfolio, (Class A)	2,850,074		30,609,792
Metropolitan Series Fund, Inc.—Davis Venture Value Portfolio, (Class A)	1,336,790		38,258,916
Metropolitan Series Fund, Inc.—FI Mid Cap Opportunities Portfolio, (Class A)	449,156		6,463,353

Security Description	Shares	Value
Affiliated Investment Companies—(Continued)
Metropolitan Series Fund, Inc.—Jennison Growth Portfolio, (Class A)	1,508,217	$	14,901,189
Metropolitan Series Fund, Inc.—Julius Baer International Stock Portfolio, (Class A)	2,132,958		20,497,731
Metropolitan Series Fund, Inc.—MetLife Stock Index Portfolio, (Class A)	812,388		22,909,345
Metropolitan Series Fund, Inc.—MFS Value Portfolio, (Class A)	682,492		7,780,414
Metropolitan Series Fund, Inc.—Neuberger Berman Mid Cap Value Portfolio, (Class A)	895,361		13,887,049
Metropolitan Series Fund, Inc.—Russell 2000 Index Portfolio, (Class A)	652,890		7,828,156
Metropolitan Series Fund, Inc.—T. Rowe Price Large Cap Growth Portfolio, (Class A)	1,806,437		21,442,404
Metropolitan Series Fund, Inc.—Western Asset Mgt. Strategic Bond Opportunities Portfolio, (Class A)	10,624,085		117,183,656
Metropolitan Series Fund, Inc.—Western Asset Mgt. U.S. Government Portfolio, (Class A)	2,790,057		33,229,583
Total Mutual Funds (Identified Cost $898,766,309)			772,574,515
Total Investments—100.0% (Identified Cost $898,766,309) (a)			772,574,515
Liabilities in excess of other assets			(179,144	)
Total Net Assets—100%		$	772,395,371

(a) The aggregate cost of investments for federal income tax purposes as of September 30, 2008 was $898,766,309 and the unrealized depreciation of investment securities was $(126,191,794).

The Portfolio adopted the provisions of Statement of Financial Accounting Standards No. 157, “Fair Value Measurements” (FAS 157), effective with the beginning of the Portfolio’s fiscal year. FAS 157 establishes a framework for measuring fair value and expands disclosures about fair value measurements in financial statements. Management has evaluated the application of FAS 157 to the Portfolio, and has determined that the adoption of FAS 157 does not have a material impact on the Portfolio’s financial statements. The three levels of the hierarchy under FAS 157 are described below:

Level 1—quoted prices in active markets for identical securities

Level 2—other significant observable inputs (including quoted prices for similar securities, interest rates, credit risk, etc.)

Level 3—significant unobservable inputs (including the Adviser and Subadvisor’s own assumptions in determining the fair value of investments)

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

The following is a summary of the inputs used to value the Portfolio’s net assets as of September 30, 2008:

Valuation Inputs	Investments In Securities		Other Financial Instruments*
Level 1—Quoted Prices	$	772,574,515	$	0
Level 2—Other Significant Observable Inputs		0		0
Level 3—Significant Unobservable Inputs		0		0
Total	$	772,574,515	$	0

* Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures, forwards, swap contracts and written options, which are valued based on the unrealized appreciation/depreciation on the instrument.

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-78

Metropolitan Series Fund, Inc.

MetLife Mid Cap Stock Index Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Common Stock—98.0% of Total Net Assets

Security Description	Shares	Value
Aerospace & Defense—0.8%
Alliant Techsystems, Inc. (a) (b)	14,785	$	1,388,903
BE Aerospace, Inc. (b)	44,474		704,023
DRS Technologies, Inc. (a)	18,600		1,427,550
			3,520,476
Airlines—0.2%
AirTran Holdings, Inc. (a) (b)	52,530		127,648
Alaska Air Group, Inc. (a) (b)	16,160		329,502
JetBlue Airways Corp. (a) (b)	82,045		406,123
			863,273
Auto Components—0.8%
ArvinMeritor, Inc. (a)	33,094		431,546
BorgWarner, Inc. (a)	52,148		1,708,890
Gentex Corp. (a)	63,684		910,681
Lear Corp. (b)	34,690		364,245
Modine Manufacturing Co. (a)	14,480		209,670
			3,625,032
Automobiles—0.1%
Thor Industries, Inc. (a)	15,919		395,110
Beverages—0.3%
Hansen Natural Corp. (a) (b)	33,144		1,002,606
PepsiAmericas, Inc.	25,701		532,525
			1,535,131
Biotechnology—1.4%
Cephalon, Inc. (a) (b)	30,501		2,363,523
PDL BioPharma, Inc. (a) (b)	53,580		498,830
United Therapeutics Corp. (b)	10,236		1,076,520
Vertex Pharmaceuticals, Inc. (a) (b)	66,864		2,222,559
			6,161,432
Capital Markets—2.1%
Affiliated Managers Group, Inc. (b)	18,323		1,518,061
Apollo Investment Corp. (a)	63,809		1,087,943
Eaton Vance Corp. (a)	52,061		1,834,109
Jefferies Group, Inc. (a)	53,875		1,206,800
Raymond James Financial, Inc. (a)	43,069		1,420,416
SEI Investments Co.	60,157		1,335,485
Waddell & Reed Financial, Inc. (Class A)	38,457		951,811
			9,354,625
Chemicals—3.3%
Airgas, Inc.	37,001		1,837,100
Albemarle Corp.	41,016		1,264,933
Cabot Corp. (a)	28,833		916,313
Chemtura Corp.	108,740		495,854
Cytec Industries, Inc.	21,344		830,495
Ferro Corp.	19,615		394,261
FMC Corp.	33,560		1,724,648
Minerals Technologies, Inc. (a)	8,483		503,551
Olin Corp. (a)	33,828		656,263
RPM International, Inc.	58,408		1,129,611

Security Description	Shares	Value
Chemicals—(Continued)
Sensient Technologies Corp. (a)	21,669	$	609,549
Terra Industries, Inc. (a)	41,204		1,211,398
The Lubrizol Corp.	30,376		1,310,421
The Scotts Miracle-Gro Co. (a)	19,425		459,207
Valspar Corp. (a)	44,771		997,946
			14,341,550
Commercial Banks—3.2%
Associated Banc-Corp (a)	57,222		1,141,579
BancorpSouth, Inc.	32,161		904,689
Bank Hawaii Corp. (a)	21,432		1,145,540
Cathay General Bancorp (a)	22,196		528,265
City National Corp. (a)	18,028		978,920
Commerce Bancshares, Inc.	28,126		1,305,047
Cullen/Frost Bankers, Inc. (a)	26,512		1,590,720
FirstMerit Corp. (a)	36,277		761,817
PacWest Bancorp (a)	10,982		313,975
SVB Financial Group (a) (b)	14,580		844,474
Synovus Financial Corp. (a)	125,907		1,303,138
TCF Financial Corp. (a)	51,744		931,392
The Colonial BancGroup, Inc. (a)	90,684		712,776
Westamerica Bancorp (a)	12,994		747,545
Wilmington Trust Corp. (a)	30,211		870,983
			14,080,860
Commercial Services & Supplies—3.6%
Copart, Inc. (b)	29,344		1,115,072
Corrections Corp. of America (b)	56,247		1,397,738
Deluxe Corp.	23,116		332,639
Herman Miller, Inc. (a)	25,001		611,775
HNI Corp. (a)	19,836		502,644
Kelly Services, Inc. (Class A) (a)	12,319		234,677
Korn/Ferry International (b)	21,372		380,849
Manpower, Inc. (a)	35,624		1,537,532
Mine Safety Appliances Co. (a)	13,325		507,949
Navigant Consulting, Inc. (a) (b)	20,818		414,070
Republic Services, Inc.	69,407		2,080,822
Rollins, Inc. (a)	18,555		352,174
Stericycle, Inc. (b)	38,319		2,257,372
The Brink’s Co.	18,916		1,154,254
The Corporate Executive Board Co. (a)	15,264		477,000
The Dun & Bradstreet Corp.	24,482		2,310,122
			15,666,689
Communications Equipment—1.5%
3Com Corp. (b)	181,838		423,683
ADC Telecommunications, Inc. (a) (b)	52,825		446,371
Adtran, Inc. (a)	25,040		488,030
Avocent Corp. (a) (b)	20,098		411,205
CommScope, Inc. (a) (b)	31,507		1,091,402
Dycom Industries, Inc. (a) (b)	17,655		229,868
F5 Networks, Inc. (a) (b)	36,113		844,322
Foundry Networks, Inc. (b)	66,056		1,202,880
Plantronics, Inc. (a)	21,951		494,336
Polycom, Inc. (b)	38,174		882,965
			6,515,062

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-79

Metropolitan Series Fund, Inc.

MetLife Mid Cap Stock Index Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Common Stock—(Continued)

Security Description	Shares	Value
Computers & Peripherals—1.2%
Diebold, Inc.	29,519	$	977,374
Imation Corp. (a)	13,510		305,191
NCR Corp. (b)	73,401		1,618,492
Palm, Inc. (a) (b)	48,723		290,876
Western Digital Corp. (b)	99,373		2,118,633
			5,310,566
Construction & Engineering—1.5%
Granite Construction, Inc. (a)	14,771		529,097
KBR, Inc. (b)	76,190		1,163,422
Quanta Services, Inc. (a) (b)	78,706		2,125,849
The Shaw Group, Inc. (a) (b)	37,449		1,150,808
URS Corp.	37,884		1,389,206
			6,358,382
Construction Materials—0.5%
Martin Marietta Materials, Inc. (a)	18,564		2,078,797
Consumer Finance—0.1%
AmeriCredit Corp. (a) (b)	52,185		528,634
Containers & Packaging—1.2%
AptarGroup, Inc. (a)	30,447		1,190,782
Greif, Inc.	15,285		1,003,002
Packaging Corp. of America	46,485		1,077,522
Sonoco Products Co.	44,659		1,325,479
Temple-Inland, Inc. (a)	47,658		727,261
			5,324,046
Diversified Consumer Services—1.8%
Career Education Corp. (a) (b)	32,976		539,157
Corinthian Colleges, Inc. (a) (b)	38,313		574,695
DeVry, Inc. (a)	27,555		1,365,075
ITT Educational Services, Inc. (a) (b)	14,113		1,141,883
Matthews International Corp. (a)	13,865		703,510
Regis Corp.	19,328		531,520
Service Corp. International (a)	115,379		964,568
Sotheby’s Holdings, Inc. (Class A) (a)	30,195		605,712
Strayer Education, Inc. (a)	6,404		1,282,465
			7,708,585
Diversified Telecommunication Services—0.1%
Cincinnati Bell, Inc. (b)	105,673		326,530
Electric Utilities—1.8%
DPL, Inc. (a)	50,972		1,264,106
Great Plains Energy, Inc. (a)	53,284		1,183,978
Hawaiian Electric Industries, Inc. (a)	38,013		1,106,558
IDACORP, Inc. (a) (b)	20,324		591,225
Northeast Utilities	69,794		1,790,216
Sierra Pacific Resources (b)	105,027		1,006,159
Westar Energy, Inc. (a)	48,525		1,118,016
			8,060,258

Security Description	Shares	Value
Electrical Equipment—1.4%
Ametek, Inc. (b)	47,881	$	1,952,108
Hubbell, Inc. (Class B) (a)	25,212		883,681
Roper Industries, Inc. (a)	40,205		2,290,077
Thomas & Betts Corp. (b)	25,836		1,009,412
			6,135,278
Electronic Equipment & Instruments—2.3%
Arrow Electronics, Inc. (b)	53,678		1,407,437
Avnet, Inc. (b)	67,482		1,662,082
FLIR Systems, Inc. (a) (b)	62,456		2,399,559
Ingram Micro, Inc.	74,423		1,195,978
National Instruments Corp.	25,403		763,360
Tech Data Corp. (b)	22,654		676,222
Trimble Navigation, Ltd. (a) (b)	54,246		1,402,802
Vishay Intertechnology, Inc. (b)	83,641		553,703
			10,061,143
Energy Equipment & Services—3.2%
Exterran Holdings, Inc. (a) (b)	29,508		943,076
FMC Technologies, Inc. (b)	57,168		2,661,170
Helix Energy Solutions Group, Inc. (b)	41,213		1,000,652
Helmerich & Payne, Inc.	47,205		2,038,784
Oceaneering International, Inc. (b)	24,862		1,325,642
Patterson-UTI Energy, Inc. (a)	70,277		1,406,945
Pride International, Inc. (b)	77,646		2,299,098
Superior Energy Services, Inc. (b)	36,243		1,128,607
Tidewater, Inc. (a)	23,123		1,280,089
			14,084,063
Exchange Traded Funds—2.8%
MidCap SPDR Trust, Series 1 (a)	92,366		12,173,839
Food & Staples Retailing—0.4%
BJ’s Wholesale Club, Inc. (a) (b)	26,632		1,034,919
Ruddick Corp. (a)	17,546		569,368
			1,604,287
Food Products—1.5%
Corn Products International, Inc.	33,409		1,078,442
Hormel Foods Corp.	31,454		1,141,151
Lancaster Colony Corp. (a)	8,998		338,865
Ralcorp Holdings, Inc. (b)	25,220		1,700,080
Smithfield Foods, Inc. (a) (b)	52,465		833,144
The J. M. Smucker Co.	24,595		1,246,721
Tootsie Roll Industries, Inc. (a)	11,612		335,703
			6,674,106
Gas Utilities—2.0%
AGL Resources, Inc.	34,399		1,079,441
Energen Corp.	32,168		1,456,567
Equitable Resources, Inc.	58,710		2,153,483
National Fuel Gas Co. (a)	36,555		1,541,890
ONEOK, Inc.	46,855		1,611,812
WGL Holdings, Inc. (a)	22,394		726,685
			8,569,878

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-80

Metropolitan Series Fund, Inc.

MetLife Mid Cap Stock Index Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Common Stock—(Continued)

Security Description	Shares	Value
Health Care Equipment & Supplies—3.8%
Advanced Medical Optics, Inc. (a) (b)	23,360	$	415,341
Beckman Coulter, Inc.	27,910		1,981,331
Dentsply International, Inc.	66,698		2,503,843
Edwards Lifesciences Corp. (a) (b)	25,228		1,457,169
Gen-Probe, Inc. (b)	24,324		1,290,388
Hill-Rom Holdings, Inc. (a)	28,039		849,862
Hologic, Inc. (a) (b)	114,974		2,222,447
IDEXX Laboratories, Inc. (a) (b)	26,667		1,461,352
Kinetic Concepts, Inc. (a) (b)	25,387		725,814
ResMed, Inc. (a)	33,903		1,457,829
STERIS Corp.	26,504		996,020
Teleflex, Inc.	17,799		1,130,059
			16,491,455
Health Care Providers & Services—2.9%
Apria Healthcare Group, Inc. (b)	19,681		358,982
Community Health Systems, Inc. (a) (b)	43,020		1,260,916
Health Management Associates, Inc. (Class A) (a)	109,636		456,086
Health Net, Inc. (b)	48,154		1,136,434
Henry Schein, Inc. (a) (b)	40,099		2,158,930
Kindred Healthcare, Inc. (b)	13,416		369,879
LifePoint Hospitals, Inc. (a) (b)	23,888		767,760
Lincare Holdings, Inc. (a) (b)	32,937		991,074
Omnicare, Inc. (a)	46,659		1,342,380
Psychiatric Solutions, Inc. (a) (b)	24,973		947,725
Universal Health Services, Inc. (Class B) (a)	22,826		1,278,941
VCA Antech, Inc. (b)	37,864		1,115,852
Wellcare Group, Inc. (b)	18,712		673,632
			12,858,591
Health Care Technology—0.3%
Cerner Corp. (a) (b)	30,450		1,359,288
Hotels, Restaurants & Leisure—1.2%
Bob Evans Farms, Inc. (a)	13,879		378,758
Boyd Gaming Corp. (a)	25,602		239,635
Brinker International, Inc.	45,488		813,780
Chipotle Mexican Grill, Inc. (Class A) (a) (b)	14,796		821,030
International Speedway Corp. (Class A) (a)	12,694		493,923
Life Time Fitness, Inc. (a) (b)	15,637		488,969
Scientific Games Corp. (a) (b)	29,153		671,102
The Cheesecake Factory (a) (b)	29,043		424,609
Wendy’s/Arby’s Group, Inc.	209,742		1,103,242
			5,435,048
Household Durables—1.7%
American Greetings Corp. (Class A) (a)	21,912		335,035
Blyth, Inc.	10,850		123,039
Furniture Brands International, Inc. (a)	18,606		195,735
Hovnanian Enterprises, Inc. (Class A) (a) (b)	22,725		181,573
M.D.C. Holdings, Inc. (a)	16,427		601,064
Mohawk Industries, Inc. (a) (b)	25,169		1,696,139
NVR, Inc. (a) (b)	2,435		1,392,820
Ryland Group, Inc. (a)	19,118		507,009
Toll Brothers, Inc. (a) (b)	58,453		1,474,769
Tupperware Brands Corp.	27,875		770,186
			7,277,369

Security Description	Shares	Value
Household Products—0.9%
Church & Dwight Co., Inc. (a)	29,895	$	1,856,181
Energizer Holdings, Inc. (b)	26,091		2,101,630
			3,957,811
Industrial Conglomerates—0.2%
Carisle Cos., Inc. (a)	27,375		820,429
Insurance—4.3%
American Financial Group, Inc.	33,594		991,023
Arthur J. Gallagher & Co. (a)	41,860		1,074,128
Brown & Brown, Inc. (a)	51,767		1,119,203
Everest Re Group, Ltd.	27,677		2,394,891
Fidelity National Financial, Inc. (a)	94,873		1,394,633
First American Corp. (a)	41,555		1,225,872
Hanover Insurance Group, Inc.	22,870		1,041,042
HCC Insurance Holdings, Inc.	51,462		1,389,474
Horace Mann Educators Corp.	17,525		225,547
Mercury General Corp. (a)	15,965		874,084
Old Republic International Corp. (a)	103,514		1,319,803
Philadelphia Consolidated Holding Corp. (b)	25,989		1,522,176
Protective Life Corp.	31,353		893,874
StanCorp Financial Group, Inc.	21,935		1,140,620
Unitrin, Inc. (a)	22,247		554,840
W.R. Berkley Corp.	62,842		1,479,929
			18,641,139
Internet & Catalog Retail—0.4%
Netflix, Inc. (a) (b)	19,390		598,763
priceline.com, Inc. (b)	17,449		1,194,035
			1,792,798
Internet Software & Services—0.2%
Digital River, Inc. (a) (b)	16,603		537,937
ValueClick, Inc. (a) (b)	38,854		397,477
			935,414
IT Services—2.7%
Acxiom Corp. (a)	30,321		380,225
Alliance Data Systems Corp. (a) (b)	30,186		1,913,189
Broadridge Financial Solutions, Inc.	63,026		969,970
DST Systems, Inc. (a) (b)	19,188		1,074,336
Gartner, Inc. (Class A) (a) (b)	26,544		602,018
Global Payments, Inc.	35,799		1,605,943
Lender Processing Services, Inc.	37,433		1,142,455
Metavante Technologies, Inc. (b)	40,250		775,215
MPS Group, Inc. (b)	41,727		420,608
NeuStar, Inc. (Class A) (a) (b)	35,335		702,813
SAIC, Inc. (b)	86,354		1,746,942
SRA International, Inc. (a) (b)	19,086		431,916
			11,765,630
Leisure Equipment & Products—0.1%
Callaway Golf Co. (a)	29,074		409,071

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-81

Metropolitan Series Fund, Inc.

MetLife Mid Cap Stock Index Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Common Stock—(Continued)

Security Description	Shares	Value
Life Sciences Tools & Services—2.3%
Affymetrix, Inc. (b)	31,517	$	243,942
Charles River Laboratories International, Inc. (b)	30,437		1,690,167
Covance, Inc. (b)	28,278		2,500,058
Invitrogen Corp. (a) (b)	41,416		1,565,525
Pharmaceutical Product Development, Inc.	53,439		2,209,703
Techne Corp. (b)	17,346		1,250,993
Varian, Inc. (b)	13,176		565,250
			10,025,638
Machinery—5.0%
AGCO Corp.	41,159		1,753,785
Crane Co. (a)	21,733		645,687
Donaldson Co., Inc. (a)	35,270		1,478,166
Federal Signal Corp. (a)	21,312		291,974
Flowserve Corp.	25,745		2,285,384
Graco, Inc. (a)	26,945		959,512
Harsco Corp.	37,826		1,406,749
IDEX Corp.	37,040		1,148,981
Joy Global, Inc.	48,359		2,182,925
Kennametal, Inc.	34,362		931,898
Lincoln Electric Holdings, Inc.	19,223		1,236,231
Nordson Corp. (a)	15,302		751,481
Oshkosh Truck Corp.	33,440		440,070
Pentair, Inc. (a)	44,381		1,534,251
SPX Corp.	24,309		1,871,793
Timkin Co.	38,102		1,080,192
Trinity Industries, Inc. (a)	36,642		942,799
Wabtec Corp.	21,731		1,113,279
			22,055,157
Marine—0.2%
Alexander & Baldwin, Inc. (a)	18,552		816,845
Media—1.1%
Belo Corp. (Class A)	39,435		235,033
DreamWorks Animation SKG, Inc. (b)	36,097		1,135,251
Entercom Communications Corp. (a)	12,228		61,385
Harte-Hanks, Inc. (a)	17,023		176,528
John Wiley & Sons, Inc. (a)	19,379		783,880
Lamar Advertising Co. (Class A) (a)	34,018		1,050,816
Marvel Entertainment, Inc. (a) (b)	22,006		751,285
Media General, Inc. (a)	10,265		127,594
Scholastic Corp. (a) (b)	11,896		305,489
Valassis Communications, Inc. (a) (b)	21,559		186,701
			4,813,962
Metals & Mining—1.5%
Carpenter Technology Corp.	19,912		510,743
Cleveland-Cliffs, Inc. (a)	47,882		2,534,873
Commercial Metals Co.	51,380		867,808
Reliance Steel & Aluminum Co. (a)	28,586		1,085,410
Steel Dynamics, Inc. (a)	80,058		1,368,191
Worthington Industries, Inc. (a)	26,859		401,274
			6,768,299

Security Description	Shares	Value
Multi-Utilities—3.4%
Alliant Energy Corp.	49,555	$	1,596,167
Black Hills Corp. (a)	17,231		535,367
MDU Resources Group, Inc.	82,203		2,383,887
NSTAR (a)	47,921		1,605,354
OGE Energy Corp.	41,410		1,278,741
PNM Resources, Inc. (a)	38,764		396,943
Puget Energy, Inc.	58,182		1,553,459
SCANA Corp.	52,485		2,043,241
Vectren Corp. (a)	36,331		1,011,818
Wisconsin Energy Corp. (a)	52,458		2,355,364
			14,760,341
Multiline Retail—0.5%
99 Cents Only Stores (a) (b)	21,060		231,028
Dollar Tree, Inc. (b)	40,571		1,475,162
Saks, Inc. (a) (b)	63,666		588,910
			2,295,100
Office Electronics—0.2%
Zebra Technologies Corp. (Class A) (a) (b)	29,257		814,807
Oil, Gas & Consumable Fuels—3.8%
Arch Coal, Inc. (a)	64,774		2,130,417
Bill Barrett Corp. (a) (b)	16,578		532,320
Cimarex Energy Co.	37,274		1,823,071
Denbury Resources, Inc. (b)	110,779		2,109,232
Encore Aquisition Co. (a) (b)	23,925		999,587
Forest Oil Corp. (a) (b)	40,279		1,997,838
Frontier Oil Corp. (a)	46,605		858,464
Newfield Exploration Co. (b)	59,311		1,897,359
Overseas Shipholding Group, Inc. (a)	12,125		707,009
Patriot Coal Corp. (b)	28,444		826,298
Plains Exploration & Production Co. (b)	48,276		1,697,384
Quicksilver Resources, Inc. (a) (b)	50,807		997,341
			16,576,320
Paper & Forest Products—0.1%
Louisiana-Pacific Corp. (a)	40,782		379,273
Personal Products—0.4%
Alberto-Culver Co.	37,978		1,034,521
NBTY, Inc. (b)	24,371		719,432
			1,753,953
Pharmaceuticals—1.0%
Endo Pharmaceuticals Holdings, Inc. (b)	53,969		1,079,380
Medicis Pharmaceutical Corp. (a) (b)	25,446		379,400
Perrigo Co. (a)	34,836		1,339,792
Sepracor, Inc. (a) (b)	48,836		894,187
Valeant Pharmaceuticals International, Inc. (a)	39,512		808,811
			4,501,570
Real Estate Investment Trusts—7.1%
Alexandria Real Estate Equities, Inc. (a)	14,409		1,621,013
AMB Property Corp. (a)	43,975		1,992,067

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-82

Metropolitan Series Fund, Inc.

MetLife Mid Cap Stock Index Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Common Stock—(Continued)

Security Description	Shares	Value
Real Estate Investment Trusts—(Continued)
BRE Properties, Inc. (a)	22,903	$	1,122,247
Camden Property Trust (a)	23,851		1,093,807
Cousins Properties, Inc. (a)	19,578		493,953
Duke Realty Corp. (a)	65,903		1,619,896
Equity One, Inc. (a)	14,283		292,659
Essex Property Trust, Inc.	11,471		1,357,363
Federal Realty Investment Trust (a)	26,432		2,262,579
Health Care REIT, Inc. (a)	45,723		2,433,835
Highwoods Properties, Inc.	28,325		1,007,237
Hospitality Properties Trust (a)	42,152		864,959
Liberty Property Trust (a)	41,871		1,576,443
Mack-Cali Realty Corp.	29,503		999,267
Nationwide Health Properties, Inc.	43,423		1,562,360
Potlatch Corp. (a)	17,724		822,216
Rayonier, Inc. (a)	35,276		1,670,319
Realty Income Corp. (a)	45,468		1,163,981
Regency Centers Corp.	31,393		2,093,599
The Macerich Co.	33,489		2,131,575
UDR, Inc. (a)	57,443		1,502,134
Weingarten Realty Investors (a)	33,535		1,196,193
			30,879,702
Real Estate Management & Development—0.2%
Jones Lang LaSalle, Inc. (a)	18,119		787,814
Road & Rail—1.1%
Avis Budget Group, Inc. (a) (b)	45,468		260,986
Con-way, Inc. (a)	20,504		904,431
J.B. Hunt Transport Services, Inc. (a)	36,634		1,222,477
Kansas City Southern, Inc. (a) (b)	40,787		1,809,311
Werner Enterprises, Inc. (a)	19,101		414,683
YRC Worldwide, Inc. (a) (b)	25,701		307,384
			4,919,272
Semiconductors & Semiconductor Equipment—1.7%
Atmel Corp. (b)	200,197		678,668
Cree, Inc. (a) (b)	39,526		900,402
Fairchild Semiconductor International, Inc. (b)	56,083		498,578
Integrated Device Technology, Inc. (b)	76,226		593,038
International Rectifier Corp. (b)	32,674		621,460
Intersil Corp. (a)	55,497		920,140
Lam Research Corp. (a) (b)	56,275		1,772,100
RF Micro Devices, Inc. (a) (b)	117,401		342,811
Semtech Corp. (b)	27,705		386,762
Silicon Laboratories, Inc. (b)	21,452		658,576
			7,372,535
Software—2.8%
ACI Worldwide, Inc. (a) (b)	15,446		270,614
Advent Software, Inc. (a) (b)	7,460		262,816
Ansys, Inc. (b)	39,892		1,510,710
Cadence Design Systems, Inc. (b)	116,767		789,345
FactSet Research Systems, Inc.	19,165		1,001,371
Fair Isaac Corp. (a)	21,740		501,107
Jack Henry & Associates, Inc. (a)	38,617		785,084
Macrovision Solutions Corp. (a) (b)	37,410		575,366

Security Description	Shares	Value
Software—(Continued)
McAfee, Inc. (b)	67,877	$	2,305,103
Mentor Graphics Corp. (a) (b)	41,437		470,310
Parametric Technology Corp. (a) (b)	51,757		952,329
Sybase, Inc. (a) (b)	36,107		1,105,596
Synopsys, Inc. (b)	64,648		1,289,727
Wind River Systems, Inc. (b)	31,131		311,310
			12,130,788
Specialty Retail—4.5%
Advance Auto Parts, Inc.	42,919		1,702,168
Aeropostale, Inc. (a) (b)	30,005		963,461
American Eagle Outfitters, Inc.	92,375		1,408,719
AnnTaylor Stores Corp. (a) (b)	25,597		528,322
Barnes & Noble, Inc. (a)	16,504		430,424
Borders Group, Inc. (a)	27,161		178,176
Carmax, Inc. (a) (b)	98,873		1,384,222
Charming Shoppes, Inc. (a) (b)	50,996		249,370
Chico’s FAS, Inc. (a) (b)	79,194		433,191
Coldwater Creek, Inc. (a) (b)	21,210		122,806
Collective Brands, Inc. (a) (b)	28,634		524,289
Dick’s Sporting Goods, Inc. (a) (b)	38,077		745,548
Foot Locker, Inc.	69,532		1,123,637
Guess?, Inc.	27,022		940,095
J. Crew Group, Inc. (b)	23,249		664,224
O’Reilly Automotive, Inc. (a) (b)	60,108		1,609,091
Pacific Sunwear of California, Inc. (a) (b)	29,480		198,400
PetSmart, Inc. (a)	56,815		1,403,899
Rent-A-Center, Inc. (a) (b)	29,918		666,573
Ross Stores, Inc.	59,013		2,172,268
Urban Outfitters, Inc. (b)	51,042		1,626,709
Williams-Sonoma, Inc. (a)	38,836		628,366
			19,703,958
Textiles, Apparel & Luxury Goods—0.8%
Hanesbrands, Inc. (a) (b)	42,071		915,044
Phillips-Van Heusen Corp.	23,065		874,394
The Warnaco Group, Inc. (a) (b)	20,655		935,465
Timberland Co. (Class A) (a) (b)	21,152		367,410
Under Armour, Inc. (a) (b)	16,344		519,086
			3,611,399
Thrifts & Mortgage Finance—1.3%
Astoria Financial Corp.	36,114		748,643
First Niagara Financial Group, Inc. (a)	52,556		827,757
New York Community Bancorp, Inc. (a)	154,204		2,589,085
The PMI Group, Inc. (a)	31,128		91,828
Washington Federal, Inc. (a)	39,421		727,317
Webster Finanical Corp. (a)	23,576		595,294
			5,579,924
Tobacco—0.1%
Universal Corp. (a)	11,401		559,675
Trading Companies & Distributors—0.5%
GATX Corp.	21,850		864,605

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-83

Metropolitan Series Fund, Inc.

MetLife Mid Cap Stock Index Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Common Stock—(Continued)

Security Description	Shares		Value
Trading Companies & Distributors—(Continued)
MSC Industrial Direct Co., Inc. (Class A) (a)		20,317	$	936,004
United Rentals, Inc. (a) (b)		26,605		405,460
				2,206,069
Water Utilities—0.2%
Aqua America, Inc. (a)		60,506		1,075,797
Wireless Telecommunication Services – 0.4%
Telephone & Data Systems, Inc.		47,760		1,707,420
Total Common Stock (Identified Cost $451,565,734)				428,897,293
Short Term Investments—30.4%
Security Description	Face Amount		Value
Discount Notes—2.1%
Federal Home Loan Bank
0.068%, 10/01/08	$	400,000		400,000
0.100%, 10/07/08		7,725,000		7,724,034
0.131%, 10/17/08		1,050,000		1,049,043
Federal National Mortgage Association
2.900%, 10/17/08		150,000		149,920
				9,322,997

Security Description	Shares	Value
Mutual Funds—28.3%
State Street Navigator Securities Lending Prime Portfolio (c)	123,876,682	$	123,876,682
Total Short Term Investments (Identified Cost $133,199,680)			133,199,679
Total Investments—128.4% (Identified Cost $584,765,414) (d)			562,096,972
Liabilities in excess of other assets			(124,206,106	)
Total Net Assets—100%		$	437,890,866

(a) A portion or all of the security was held on loan. As of September 30, 2008, the market value of securities loaned was $127,445,365 and the collateral received consisted of cash in the amount of $123,876,682 and non-cash collateral with a value of $1,834,510. The cash collateral is invested in a money market fund managed by an affiliate of the custodian. The non-cash collateral received consists primarily of government securities and bank letters of credit, and are held for the benefit of the Portfolio at the Portfolio’s custodian.

(b) Non-Income Producing.

(c) Represents investment of cash collateral received from securities lending transactions.

(d) The aggregate cost of investments for federal income tax purposes as of September 30, 2008 was $584,765,414 and the composition of unrealized appreciation and depreciation of investment securities was $55,951,699 and $(78,620,141), respectively.

Futures Contracts
Futures Contracts-Long	Expiration Date	Number of Contracts	Contract Amount		Valuation as of 9/30/2008		Net Unrealized Depreciation
S&P MidCap 400 Index Futures	12/18/2008	24	$	9,211,920	$	8,763,600	$	(448,320	)

The Portfolio adopted the provisions of Statement of Financial Accounting Standards No. 157, “Fair Value Measurements” (FAS 157), effective with the beginning of the Portfolio’s fiscal year. FAS 157 establishes a framework for measuring fair value and expands disclosures about fair value measurements in financial statements. Management has evaluated the application of FAS 157 to the Portfolio, and has determined that the adoption of FAS 157 does not have a material impact on the Portfolio’s financial statements. The three levels of the hierarchy under FAS 157 are described below:

Level 1—quoted prices in active markets for identical securities

Level 2—other significant observable inputs (including quoted prices for similar securities, interest rates, credit risk, etc.)

Level 3—significant unobservable inputs (including the Adviser and Subadvisor’s own assumptions in determining the fair value of investments)

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

The following is a summary of the inputs used to value the Portfolio’s net assets as of September 30, 2008:

Valuation Inputs	Investments In Securities		Other Financial Instruments*
Level 1—Quoted Prices	$	552,773,974	$	(448,320	)
Level 2—Other Significant Observable Inputs		9,322,998		0
Level 3—Significant Unobservable Inputs		0		0
Total	$	562,096,972	($	448,320	)

* Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures, forwards, swap contracts and written options, which are valued based on the unrealized appreciation/depreciation on the instrument.

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-84

Metropolitan Series Fund, Inc.

MetLife Moderate Allocation Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Mutual Funds—100.0%

Security Description	Shares	Value
Affiliated Investment Companies—100.0%
Met Investors Series Trust—BlackRock High Yield Portfolio, (Class A)	3,329,454	$	23,705,714
Met Investors Series Trust—BlackRock Large Cap Core Portfolio, (Class A)	8,387,097		69,948,389
Met Investors Series Trust—Clarion Global Real Estate Portfolio, (Class A)	2,193,307		23,358,720
Met Investors Series Trust—Dreman Small Cap Value Portfolio, (Class A)	5,930,528		71,818,691
Met Investors Series Trust—Harris Oakmark International Portfolio, (Class A)	8,569,551		94,093,672
Met Investors Series Trust—Lazard Mid-Cap Portfolio, (Class A)	7,442,785		69,962,178
Met Investors Series Trust—Legg Mason Value Equity Portfolio, (Class A)	10,524,564		68,514,908
Met Investors Series Trust—Lord Abbett Bond Debenture Portfolio, (Class A)	4,303,959		47,128,355
Met Investors Series Trust—Met/AIM Small Cap Growth Portfolio, (Class A)	4,129,880		47,121,929
Met Investors Series Trust—MFS Research International Portfolio, (Class A)	9,083,654		84,659,655
Met Investors Series Trust—PIMCO Inflation Protected Bond Portfolio, (Class A)	2,274,855		23,817,733
Met Investors Series Trust—PIMCO Total Return Portfolio, (Class A)	45,742,245		510,483,455
Metropolitan Series Fund, Inc.—BlackRock Large Cap Value Portfolio, (Class A)	13,070,843		140,380,857
Metropolitan Series Fund, Inc.—Davis Venture Value Portfolio, (Class A)	5,722,673		163,782,893
Metropolitan Series Fund, Inc.—FI Mid Cap Opportunities Portfolio, (Class A)	2,747,668		39,538,948

Security Description	Shares	Value
Affiliated Investment Companies—(Continued)
Metropolitan Series Fund, Inc.—Jennison Growth Portfolio, (Class A)	9,225,036	$	91,143,357
Metropolitan Series Fund, Inc.—Julius Baer International Stock Portfolio, (Class A)	10,877,685		104,534,554
Metropolitan Series Fund, Inc.—MetLife Stock Index Portfolio, (Class A)	4,140,296		116,756,360
Metropolitan Series Fund, Inc.—MFS Value Portfolio, (Class A)	4,173,789		47,581,193
Metropolitan Series Fund, Inc.—Neuberger Berman Mid Cap Value Portfolio, (Class A)	4,107,950		63,714,305
Metropolitan Series Fund, Inc.—Russell 2000 Index Portfolio, (Class A)	3,991,173		47,854,160
Metropolitan Series Fund, Inc.—T. Rowe Price Large Cap Growth Portfolio, (Class A)	7,367,478		87,451,961
Metropolitan Series Fund, Inc.—Western Asset Mgt. Strategic Bond Opportunities Portfolio, (Class A)	21,650,693		238,807,143
Metropolitan Series Fund, Inc.—Western Asset Mgt. U.S. Government Portfolio, (Class A)	4,263,052		50,772,949
Total Mutual Funds (Identified Cost $2,837,364,380)			2,326,932,079
Total Investments—100.0% (Identified Cost $2,837,364,380) (a)			2,326,932,079
Liabilities in excess of other assets			(607,728	)
Total Net Assets—100%		$	2,326,324,351

(a) The aggregate cost of investments for federal income tax purposes as of September 30, 2008 was $2,837,364,380 and the unrealized depreciation of investment securities was $(510,432,301).

The Portfolio adopted the provisions of Statement of Financial Accounting Standards No. 157, “Fair Value Measurements” (FAS 157), effective with the beginning of the Portfolio’s fiscal year. FAS 157 establishes a framework for measuring fair value and expands disclosures about fair value measurements in financial statements. Management has evaluated the application of FAS 157 to the Portfolio, and has determined that the adoption of FAS 157 does not have a material impact on the Portfolio’s financial statements. The three levels of the hierarchy under FAS 157 are described below:

Level 1—quoted prices in active markets for identical securities

Level 2—other significant observable inputs (including quoted prices for similar securities, interest rates, credit risk, etc.)

Level 3—significant unobservable inputs (including the Adviser and Subadvisor’s own assumptions in determining the fair value of investments)

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

The following is a summary of the inputs used to value the Portfolio’s net assets as of September 30, 2008:

Valuation Inputs	Investments In Securities		Other Financial Instruments*
Level 1—Quoted Prices	$	2,326,932,079	$	0
Level 2—Other Significant Observable Inputs		0		0
Level 3—Significant Unobservable Inputs		0		0
Total	$	2,326,932,079	$	0

* Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures, forwards, swap contracts and written options, which are valued based on the unrealized appreciation/depreciation on the instrument.

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-85

Metropolitan Series Fund, Inc.

MetLife Moderate to Aggressive Allocation Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Mutual Funds—100.0%

Security Description	Shares	Value
Affiliated Investment Companies—100.0%
Met Investors Series Trust—BlackRock Large Cap Core Portfolio, (Class A)	13,836,508	$	115,396,478
Met Investors Series Trust—Clarion Global Real Estate Portfolio, (Class A)	4,339,911		46,220,054
Met Investors Series Trust—Dreman Small Cap Value Portfolio, (Class A)	5,869,048		71,074,169
Met Investors Series Trust—Harris Oakmark International Portfolio, (Class A)	10,608,385		116,480,064
Met Investors Series Trust—Lazard Mid-Cap Portfolio, (Class A)	7,366,793		69,247,853
Met Investors Series Trust—Legg Mason Value Equity Portfolio, (Class A)	17,365,644		113,050,344
Met Investors Series Trust—Lord Abbett Bond Debenture Portfolio, (Class A)	2,129,709		23,320,313
Met Investors Series Trust—Met/AIM Small Cap Growth Portfolio, (Class A)	6,131,920		69,965,208
Met Investors Series Trust—MFS Research International Portfolio, (Class A)	13,482,352		125,655,525
Met Investors Series Trust—PIMCO Total Return Portfolio, (Class A)	25,870,735		288,717,400
Metropolitan Series Fund, Inc.—BlackRock Large Cap Value Portfolio, (Class A)	15,091,730		162,085,175
Metropolitan Series Fund, Inc.—Davis Venture Value Portfolio, (Class A)	8,091,439		231,576,974
Metropolitan Series Fund, Inc.—FI Mid Cap Opportunities Portfolio, (Class A)	4,074,955		58,638,604
Metropolitan Series Fund, Inc.—Jennison Growth Portfolio, (Class A)	11,413,878		112,769,114

Security Description	Shares	Value
Affiliated Investment Companies—(Continued)
Metropolitan Series Fund, Inc.—Julius Baer International Stock Portfolio, (Class A)	12,914,658	$	124,109,860
Metropolitan Series Fund, Inc.—MetLife Stock Index Portfolio, (Class A)	4,098,179		115,568,644
Metropolitan Series Fund, Inc.—MFS Value Portfolio, (Class A)	8,263,379		94,202,515
Metropolitan Series Fund, Inc.—Neuberger Berman Mid Cap Value Portfolio, (Class A)	4,064,992		63,048,029
Metropolitan Series Fund, Inc.—Russell 2000 Index Portfolio, (Class A)	3,950,213		47,363,053
Metropolitan Series Fund, Inc.—T. Rowe Price Large Cap Growth Portfolio, (Class A)	10,937,631		129,829,675
Metropolitan Series Fund, Inc.—Western Asset Mgt. Strategic Bond Opportunities Portfolio, (Class A)	8,571,263		94,541,026
Total Mutual Funds (Identified Cost $2,896,048,289)			2,272,860,077
Total Investments—100.0% (Identified Cost $2,896,048,289) (a)			2,272,860,077
Liabilities in excess of other assets			(596,510	)
Total Net Assets—100%		$	2,272,263,567

(a) The aggregate cost of investments for federal income tax purposes as of September 30, 2008 was $2,896,048,289 and the unrealized depreciation of investment securities was $(623,188,212).

The Portfolio adopted the provisions of Statement of Financial Accounting Standards No. 157, “Fair Value Measurements” (FAS 157), effective with the beginning of the Portfolio’s fiscal year. FAS 157 establishes a framework for measuring fair value and expands disclosures about fair value measurements in financial statements. Management has evaluated the application of FAS 157 to the Portfolio, and has determined that the adoption of FAS 157 does not have a material impact on the Portfolio’s financial statements. The three levels of the hierarchy under FAS 157 are described below:

Level 1—quoted prices in active markets for identical securities

Level 2—other significant observable inputs (including quoted prices for similar securities, interest rates, credit risk, etc.)

Level 3—significant unobservable inputs (including the Adviser and Subadvisor’s own assumptions in determining the fair value of investments)

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

The following is a summary of the inputs used to value the Portfolio’s net assets as of September 30, 2008:

Valuation Inputs	Investments In Securities		Other Financial Instruments*
Level 1—Quoted Prices	$	2,272,860,077	$	0
Level 2—Other Significant Observable Inputs		0		0
Level 3—Significant Unobservable Inputs		0		0
Total	$	2,272,860,077	$	0

* Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures, forwards, swap contracts and written options, which are valued based on the unrealized appreciation/depreciation on the instrument.

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-86

Metropolitan Series Fund, Inc.

MetLife Stock Index Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Common Stock—99.7% of Total Net Assets

Security Description	Shares	Value
Aerospace & Defense—2.7%
Boeing Co.	338,678	$	19,423,183
General Dynamics Corp.	181,756		13,380,877
Goodrich Corp.	57,238		2,381,101
Honeywell International, Inc.	340,595		14,151,722
L-3 Communications Holdings, Inc.	55,553		5,461,971
Lockheed Martin Corp.	152,326		16,705,592
Northrop Grumman Corp.	154,428		9,349,071
Precision Castparts Corp.	63,757		5,022,777
Raytheon Co.	190,742		10,206,604
Rockwell Collins, Inc.	72,935		3,507,444
United Technologies Corp.	441,214		26,499,313
			126,089,655
Air Freight & Logistics—1.0%
C. H. Robinson Worldwide, Inc.	77,785		3,963,923
Expeditors International of Washington, Inc. (a)	97,477		3,396,099
FedEx Corp.	142,375		11,253,320
United Parcel Service, Inc. (Class B)	461,256		29,008,390
			47,621,732
Airlines—0.1%
Southwest Airlines Co.	335,789		4,872,298
Auto Components—0.2%
Johnson Controls, Inc.	271,664		8,239,569
The Goodyear Tire & Rubber Co.	110,327		1,689,107
			9,928,676
Automobiles—0.3%
Ford Motor Co. (a) (b)	1,034,616		5,380,003
General Motors Corp. (a)	259,031		2,447,843
Harley-Davidson, Inc. (a)	107,666		4,015,942
			11,843,788
Beverages—2.8%
Anheuser-Busch Cos., Inc.	328,977		21,344,028
Brown-Forman Corp. (Class B) (a)	35,894		2,577,548
Coca-Cola Enterprises, Inc.	145,075		2,432,908
Constellation Brands, Inc. (a) (b)	88,683		1,903,137
Molson Coors Brewing Co.	68,920		3,222,010
Pepsi Bottling Group, Inc.	62,485		1,822,687
PepsiCo, Inc.	716,260		51,047,850
The Coca-Cola Co.	909,502		48,094,466
			132,444,634
Biotechnology—1.7%
Amgen, Inc. (b)	484,074		28,691,066
Biogen Idec, Inc. (b)	132,797		6,678,361
Celgene Corp. (b)	208,119		13,169,770
Genzyme Corp. (b)	122,915		9,942,595
Gilead Sciences, Inc. (b)	420,881		19,183,756
			77,665,548
Building Products—0.1%
Masco Corp. (a)	164,707		2,954,844

Security Description	Shares	Value
Capital Markets—2.8%
American Capital, Ltd. (a)	94,709	$	2,416,027
Ameriprise Financial, Inc.	99,252		3,791,426
E*TRADE Financial Corp. (a) (b)	245,792		688,218
Federated Investors, Inc. (Class B) (a)	40,205		1,159,914
Franklin Resources, Inc.	69,667		6,139,753
Invesco, Ltd.	176,950		3,712,411
Janus Capital Group, Inc.	73,116		1,775,256
Legg Mason, Inc.	64,850		2,468,191
Merrill Lynch & Co., Inc. (a)	700,677		17,727,128
Morgan Stanley	507,397		11,670,131
Northern Trust Corp.	101,134		7,301,875
State Street Corp.	197,534		11,235,734
T. Rowe Price Group, Inc. (a)	118,381		6,358,244
The Bank of New York Mellon Corp.	524,352		17,083,388
The Charles Schwab Corp.	426,817		11,097,242
The Goldman Sachs Group, Inc.	198,773		25,442,944
			130,067,882
Chemicals—2.0%
Air Products & Chemicals, Inc.	96,921		6,638,119
Ashland, Inc.	25,943		758,573
CF Industries Holdings, Inc.	25,847		2,363,967
E. I. du Pont de Nemours & Co.	412,759		16,634,188
Eastman Chemical Co. (a)	34,952		1,924,457
Ecolab, Inc.	80,322		3,897,223
Hercules, Inc.	51,567		1,020,511
International Flavors & Fragrances, Inc.	35,944		1,418,350
Monsanto Co.	251,638		24,907,129
PPG Industries, Inc.	75,090		4,379,249
Praxair, Inc.	144,113		10,338,667
Rohm & Haas Co. (a)	56,663		3,966,410
Sigma-Aldrich Corp. (a)	57,633		3,021,122
The Dow Chemical Co.	423,193		13,449,074
			94,717,039
Commercial Banks—3.0%
BB&T Corp. (a)	251,403		9,503,033
Comerica, Inc. (a)	68,834		2,257,067
Fifth Third Bancorp (a)	264,232		3,144,361
First Horizon National Corp. (a)	92,302		863,950
Huntington Bancshares, Inc. (a)	167,521		1,338,493
KeyCorp. (a)	226,316		2,702,213
M&T Bank Corp. (a)	35,295		3,150,079
Marshall & Ilsley Corp. (a)	118,698		2,391,765
National City Corp. (a)	348,270		609,472
PNC Financial Services Group, Inc.	158,530		11,842,191
Regions Financial Corp. (a)	317,886		3,051,706
SunTrust Banks, Inc.	161,820		7,280,282
U.S. Bancorp	797,027		28,708,912
Wachovia Corp. (a)	987,722		3,457,027
Wells Fargo & Co.	1,513,921		56,817,455
Zions Bancorp (a)	52,466		2,030,434
			139,148,440
Commercial Services & Supplies—0.5%
Allied Waste Industries, Inc. (b)	155,044		1,722,539

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-87

Metropolitan Series Fund, Inc.

MetLife Stock Index Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Common Stock—(Continued)

Security Description	Shares	Value
Commercial Services & Supplies—(Continued)
Avery Dennison Corp.	48,721	$	2,167,110
Cintas Corp.	60,472		1,736,151
Equifax, Inc. (a)	58,676		2,021,388
Monster Worldwide, Inc. (a) (b)	56,722		845,725
Pitney Bowes, Inc.	95,065		3,161,862
R.R. Donnelley & Sons Co.	96,079		2,356,818
Robert Half International, Inc.	71,333		1,765,492
Waste Management, Inc.	224,397		7,066,261
			22,843,346
Communications Equipment—2.6%
Ciena Corp. (a) (b)	41,321		416,516
Cisco Systems, Inc. (b)	2,702,642		60,971,603
Corning, Inc. (b)	721,930		11,290,985
Harris Corp.	61,398		2,836,588
JDS Uniphase Corp. (a) (b)	98,082		829,774
Juniper Networks, Inc. (b)	248,681		5,239,709
Motorola, Inc.	1,036,461		7,400,331
QUALCOMM, Inc.	750,776		32,260,845
Tellabs, Inc. (a) (b)	181,897		738,502
			121,984,853
Computers & Peripherals—4.4%
Apple, Inc. (b)	405,308		46,067,307
Dell, Inc. (b)	797,431		13,141,663
EMC Corp. (b)	947,311		11,329,840
Hewlett-Packard Co.	1,120,518		51,812,752
International Business Machines Corp.	619,869		72,499,878
Lexmark International, Inc. (Class A) (b)	40,251		1,310,975
NetApp, Inc. (b)	149,789		2,730,654
QLogic Corp. (b)	60,017		921,861
SanDisk Corp. (a) (b)	102,946		2,012,594
Sun Microsystems, Inc. (a) (b)	344,492		2,618,139
Teradata Corp. (b)	81,667		1,592,507
			206,038,170
Construction & Engineering—0.2%
Fluor Corp.	81,897		4,561,663
Jacobs Engineering Group, Inc.	56,008		3,041,794
			7,603,457
Construction Materials—0.1%
Vulcan Materials Co. (a)	50,252		3,743,774
Consumer Finance—0.7%
American Express Co.	530,442		18,793,560
Capital One Financial Corp. (a)	171,907		8,767,257
Discover Financial Services	219,311		3,030,878
SLM Corp.	213,798		2,638,267
			33,229,962
Containers & Packaging—0.1%
Ball Corp.	44,236		1,746,880
Bemis Co., Inc. (a)	45,594		1,195,019
Pactiv Corp. (b)	59,897		1,487,242

Security Description	Shares	Value
Containers & Packaging—(Continued)
Sealed Air Corp.	72,329	$	1,590,515
			6,019,656
Distributors—0.1%
Genuine Parts Co.	74,029		2,976,706
Diversified Consumer Services—0.1%
Apollo Group, Inc. (Class A) (b)	48,590		2,881,387
H&R Block, Inc.	150,107		3,414,934
			6,296,321
Diversified Financial Services—4.9%
Bank of America Corp.	2,086,350		73,022,250
CIT Group, Inc. (a)	130,557		908,677
Citigroup, Inc.	2,491,384		51,098,286
CME Group, Inc.	30,698		11,404,614
IntercontinentalExchange, Inc. (b)	34,489		2,782,573
JPMorgan Chase & Co.	1,685,488		78,712,305
Leucadia National Corp. (a)	80,962		3,678,913
Moody’s Corp. (a)	90,313		3,070,642
NYSE Euronext (a)	121,701		4,768,245
			229,446,505
Diversified Telecommunication Services—2.7%
AT&T, Inc.	2,696,175		75,277,206
CenturyTel, Inc.	46,828		1,716,246
Embarq Corp.	65,200		2,643,860
Frontier Communications Corp.	144,557		1,662,406
Qwest Communications International, Inc. (a)	679,105		2,193,509
Verizon Communications, Inc.	1,302,899		41,810,029
Windstream Corp.	201,131		2,200,373
			127,503,629
Electric Utilities—2.1%
Allegheny Energy, Inc. (b)	77,257		2,840,740
American Electric Power Co., Inc.	184,042		6,815,075
Duke Energy Corp.	578,716		10,087,020
Edison International	149,065		5,947,694
Entergy Corp.	87,650		7,801,727
Exelon Corp.	300,744		18,832,589
FirstEnergy Corp.	139,469		9,343,028
FPL Group, Inc.	186,893		9,400,718
Pepco Holdings, Inc.	92,309		2,114,799
Pinnacle West Capital Corp. (a)	46,088		1,585,888
PPL Corp.	171,338		6,342,933
Progress Energy, Inc.	119,865		5,169,777
The Southern Co. (a)	352,377		13,281,089
			99,563,077
Electrical Equipment—0.4%
Cooper Industries, Ltd. (Class A)	79,606		3,180,260
Emerson Electric Co.	355,011		14,480,899
Rockwell Automation, Inc.	66,610		2,487,217
			20,148,376

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-88

Metropolitan Series Fund, Inc.

MetLife Stock Index Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Common Stock—(Continued)

Security Description	Shares	Value
Electronic Equipment & Instruments—0.3%
Agilent Technologies, Inc. (b)	163,582	$	4,851,842
Amphenol Corp. (Class A)	80,890		3,246,924
Jabil Circuit, Inc.	96,094		916,737
Molex, Inc. (a)	65,271		1,465,334
Tyco Electronics, Ltd.	216,092		5,977,105
			16,457,942
Energy Equipment & Services—2.6%
Baker Hughes, Inc.	141,024		8,537,593
BJ Services Co.	134,580		2,574,515
Cameron International Corp. (b)	99,595		3,838,391
ENSCO International, Inc. (a)	65,566		3,778,569
Halliburton Co.	401,190		12,994,544
Nabors Industries, Ltd. (a) (b)	128,176		3,194,146
National Oilwell Varco, Inc. (b)	190,961		9,591,971
Noble Corp.	123,133		5,405,539
Rowan Cos., Inc. (a) (b)	51,702		1,579,496
Schlumberger, Ltd.	548,842		42,859,072
Smith International, Inc.	98,822		5,794,922
Transocean, Inc. (b)	145,963		16,032,576
Weatherford International, Ltd. (b)	311,411		7,828,872
			124,010,206
Exchange Traded Funds—0.6%
SPDR Trust, Series 1 (a)	240,000		27,837,600
Food & Staples Retailing—2.9%
Costco Wholesale Corp.	198,919		12,915,811
CVS Caremark Corp.	656,627		22,102,065
Safeway, Inc.	199,204		4,725,119
Supervalu, Inc.	97,177		2,108,741
SYSCO Corp.	275,425		8,491,353
The Kroger Co.	299,635		8,233,970
Wal-Mart Stores, Inc.	1,025,931		61,443,007
Walgreen Co.	452,893		14,021,567
Whole Foods Market, Inc. (a)	64,183		1,285,585
			135,327,218
Food Products—1.7%
Archer-Daniels-Midland Co.	294,766		6,458,323
Campbell Soup Co.	96,887		3,739,838
ConAgra Foods, Inc. (a)	207,262		4,033,319
Dean Foods Co. (a) (b)	69,703		1,628,262
General Mills, Inc.	153,820		10,570,510
H.J. Heinz Co.	142,889		7,140,163
Hershey Co. (a)	75,823		2,998,041
Kellogg Co.	114,567		6,427,209
Kraft Foods, Inc. (Class A) (a)	694,569		22,747,135
McCormick & Co., Inc.	59,000		2,268,550
Sara Lee Corp.	323,185		4,081,827
Tyson Foods, Inc. (Class A)	137,274		1,639,052
Wm. Wrigley Jr., Co.	98,568		7,826,299
			81,558,528

Security Description	Shares	Value
Gas Utilities—0.1%
Nicor, Inc. (a)	20,657	$	916,138
Questar Corp.	79,327		3,246,061
			4,162,199
Health Care Equipment & Supplies—2.3%
Baxter International, Inc.	287,168		18,846,836
Becton, Dickinson & Co.	111,438		8,944,014
Boston Scientific Corp. (b)	686,575		8,424,275
C.R. Bard, Inc.	45,450		4,311,841
Covidien, Ltd.	229,588		12,342,651
Hospira, Inc. (b)	72,952		2,786,766
Intuitive Surgical, Inc. (b)	17,769		4,281,974
Medtronic, Inc.	516,219		25,862,572
St. Jude Medical, Inc. (b)	156,377		6,800,836
Stryker Corp. (a)	113,185		7,051,425
Varian Medical Systems, Inc. (b)	57,120		3,263,266
Zimmer Holdings, Inc. (b)	103,048		6,652,779
			109,569,235
Health Care Providers & Services—1.9%
Aetna, Inc.	215,767		7,791,346
AmerisourceBergen Corp.	72,499		2,729,587
Cardinal Health, Inc.	164,320		8,097,690
Cigna Corp.	125,753		4,273,087
Coventry Health Care, Inc. (b)	67,767		2,205,816
DaVita, Inc. (b)	47,765		2,723,083
Express Scripts, Inc. (b)	112,838		8,329,701
Humana, Inc. (b)	77,272		3,183,606
Laboratory Corp. of America Holdings (a) (b)	50,877		3,535,952
McKesson Corp.	126,235		6,792,705
Medco Health Solutions, Inc. (b)	231,368		10,411,560
Patterson Cos., Inc. (a) (b)	41,671		1,267,215
Quest Diagnostics, Inc. (a)	72,314		3,736,464
Tenet Healthcare Corp. (a) (b)	189,789		1,053,329
UnitedHealth Group, Inc.	557,100		14,144,769
WellPoint, Inc. (b)	233,946		10,941,655
			91,217,565
Health Care Technology—0.0%
IMS Health, Inc.	83,208		1,573,463
Hotels, Restaurants & Leisure—1.2%
Darden Restaurants, Inc. (a)	64,257		1,839,678
International Game Technology	141,648		2,433,513
Marriott International, Inc.	135,201		3,527,394
McDonald’s Corp.	514,565		31,748,660
Starbucks Corp. (a) (b)	334,265		4,970,521
Starwood Hotels & Resorts Worldwide, Inc.	85,425		2,403,859
Wyndham Worldwide Corp.	81,195		1,275,573
Yum! Brands, Inc.	214,452		6,993,280
			55,192,478
Household Durables—0.5%
Black & Decker Corp. (a)	27,437		1,666,798
Centex Corp. (a)	56,537		915,899

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-89

Metropolitan Series Fund, Inc.

MetLife Stock Index Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Common Stock—(Continued)

Security Description	Shares	Value
Household Durables—(Continued)
D.R. Horton, Inc. (a)	126,024	$	1,640,832
Fortune Brands, Inc.	68,591		3,934,380
Harman International Industries, Inc. (a)	26,779		912,361
KB Home (a)	34,437		677,720
Leggett & Platt, Inc. (a)	73,542		1,602,480
Lennar Corp. (Class A) (a)	64,672		982,368
Newell Rubbermaid, Inc.	126,779		2,188,206
Pulte Homes, Inc. (a)	97,750		1,365,567
Snap-On, Inc.	26,279		1,383,852
The Stanley Works (a)	35,952		1,500,636
Whirlpool Corp. (a)	34,058		2,700,459
			21,471,558
Household Products—2.8%
Colgate-Palmolive Co.	231,383		17,434,709
Kimberly-Clark Corp.	189,970		12,317,655
Procter & Gamble Co.	1,388,263		96,748,048
The Clorox Co.	63,179		3,960,692
			130,461,104
Independent Power Producers & Energy Traders—0.1%
Constellation Energy Group	81,590		1,982,637
Dynegy, Inc. (b)	231,299		828,051
The AES Corp. (b)	307,796		3,598,135
			6,408,823
Industrial Conglomerates—3.2%
3M Co.	319,803		21,845,743
General Electric Co.	4,551,437		116,061,643
Textron, Inc.	113,711		3,329,458
Tyco International, Ltd.	217,240		7,607,745
			148,844,589
Insurance—3.0%
Aflac, Inc.	217,877		12,800,274
American International Group, Inc.	1,230,199		4,096,563
Aon Corp.	127,040		5,711,718
Assurant, Inc.	54,259		2,984,245
Cincinnati Financial Corp.	74,293		2,112,893
Genworth Financial, Inc. (Class A)	198,138		1,705,968
Lincoln National Corp.	117,504		5,030,346
Loews Corp. (a)	165,670		6,542,308
Marsh & McLennan Cos., Inc.	234,663		7,452,897
MBIA, Inc. (a) (b)	89,449		1,064,443
MetLife, Inc. (c)	314,173		17,593,688
Principal Financial Group, Inc.	118,570		5,156,609
Prudential Financial, Inc.	195,362		14,066,064
The Allstate Corp.	247,756		11,426,507
The Chubb Corp.	164,963		9,056,469
The Hartford Financial Services Group, Inc.	137,849		5,650,431
The Progressive Corp.	309,078		5,377,957
The Travelers Cos., Inc.	270,304		12,217,741
Torchmark Corp.	39,910		2,386,618
UnumProvident Corp.	158,071		3,967,582
XL Capital, Ltd. (Class A) (a)	142,776		2,561,401
			138,962,722

Security Description	Shares	Value
Internet & Catalog Retail—0.3%
Amazon.com, Inc. (a) (b)	146,151	$	10,633,947
Expedia, Inc. (a) (b)	95,738		1,446,601
			12,080,548
Internet Software & Services—1.5%
Akamai Technologies, Inc. (a) (b)	77,375		1,349,420
eBay, Inc. (b)	499,830		11,186,195
Google, Inc. (Class A) (b)	109,338		43,792,056
VeriSign, Inc. (a) (b)	88,397		2,305,394
Yahoo!, Inc. (b)	634,028		10,968,684
			69,601,749
IT Services—1.0%
Affiliated Computer Services, Inc. (Class A) (a) (b)	44,502		2,253,136
Automatic Data Processing, Inc.	232,816		9,952,884
Cognizant Technology Solutions Corp. (Class A) (b)	133,424		3,046,070
Computer Sciences Corp. (a) (b)	69,242		2,782,836
Convergys Corp. (b)	55,737		823,793
Fidelity National Information Services, Inc.	86,800		1,602,328
Fiserv, Inc. (b)	75,051		3,551,413
MasterCard, Inc.	33,097		5,869,091
Paychex, Inc.	146,796		4,848,672
The Western Union Co.	333,595		8,229,789
Total Systems Services, Inc.	90,441		1,483,232
Unisys Corp. (b)	164,508		452,397
			44,895,641
Leisure Equipment & Products—0.1%
Eastman Kodak Co. (a)	131,854		2,027,915
Hasbro, Inc.	57,445		1,994,490
Mattel, Inc.	164,947		2,975,644
			6,998,049
Life Sciences Tools & Services—0.4%
Applied Biosystems, Inc.	77,552		2,656,156
Millipore Corp. (a) (b)	25,250		1,737,200
PerkinElmer, Inc.	54,677		1,365,285
Thermo Fisher Scientific, Inc. (b)	191,708		10,543,940
Waters Corp. (a) (b)	45,288		2,634,856
			18,937,437
Machinery—1.7%
Caterpillar, Inc.	278,501		16,598,660
Cummins, Inc.	92,740		4,054,593
Danaher Corp.	116,737		8,101,548
Deere & Co.	195,365		9,670,567
Dover Corp.	85,944		3,485,029
Eaton Corp.	76,040		4,271,927
Illinois Tool Works, Inc.	182,969		8,132,972
Ingersoll-Rand Co., Ltd. (Class A) (a)	145,733		4,542,498
ITT Corp.	83,152		4,624,083
Paccar, Inc.	166,239		6,348,667
Pall Corp.	54,846		1,886,154
Parker-Hannifin Corp.	76,694		4,064,782

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-90

Metropolitan Series Fund, Inc.

MetLife Stock Index Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Common Stock—(Continued)

Security Description	Shares	Value
Machinery—(Continued)
Terex Corp.	44,471	$	1,357,255
The Manitowoc Co., Inc. (a)	59,604		926,842
			78,065,577
Media—2.6%
CBS Corp. (Class B)	311,079		4,535,532
Comcast Corp. (Class A)	1,335,127		26,208,543
Gannett Co., Inc. (a)	104,367		1,764,846
Interpublic Group of Cos., Inc. (a)	217,996		1,689,469
Meredith Corp. (a)	16,561		464,370
News Corp. (Class A)	1,050,450		12,594,896
Omnicom Group, Inc.	145,858		5,624,284
Scripps Networks Interactive, Inc. (a) (b)	41,120		1,493,067
The DIRECTV Group, Inc. (a) (b)	264,100		6,911,497
The McGraw-Hill Cos., Inc.	145,309		4,593,218
The New York Times Co. (Class A) (a)	53,284		761,428
The Walt Disney Co.	858,505		26,347,518
The Washington Post Co. (Class B)	2,743		1,527,193
Time Warner, Inc.	1,639,218		21,490,148
Viacom, Inc. (Class B) (b)	284,082		7,056,597
			123,062,606
Metals & Mining—0.8%
AK Steel Holding Corp.	51,336		1,330,629
Alcoa, Inc.	372,145		8,403,034
Allegheny Technologies, Inc. (a)	45,884		1,355,872
Freeport-McMoRan Copper & Gold, Inc.	175,669		9,986,783
Newmont Mining Corp.	208,939		8,098,476
Nucor Corp.	144,840		5,721,180
Titanium Metals Corp. (a)	38,933		441,500
United States Steel Corp. (a)	53,754		4,171,848
			39,509,322
Multi-Utilities—1.2%
Ameren Corp.	96,175		3,753,710
CenterPoint Energy, Inc.	156,391		2,278,617
CMS Energy Corp. (a)	103,071		1,285,295
Consolidated Edison, Inc. (a)	124,991		5,369,613
Dominion Resources, Inc.	265,334		11,350,989
DTE Energy Co.	74,619		2,993,714
Integrys Energy Group, Inc.	34,966		1,746,202
NiSource, Inc.	125,465		1,851,864
PG&E Corp.	164,047		6,143,560
Public Service Enterprise Group, Inc.	232,640		7,628,266
Sempra Energy	112,723		5,689,130
TECO Energy, Inc. (a)	97,332		1,531,032
Xcel Energy, Inc. (a)	204,056		4,079,080
			55,701,072
Multiline Retail—0.8%
Big Lots, Inc. (a) (b)	37,528		1,044,404
Dillard’s, Inc. (a)	26,176		308,877
Family Dollar Stores, Inc. (a)	63,914		1,514,762
J.C. Penney Co., Inc. (a)	101,606		3,387,544
Kohl’s Corp. (a) (b)	139,341		6,420,833

Security Description	Shares	Value
Multiline Retail—(Continued)
Macy’s, Inc.	192,409	$	3,459,514
Nordstrom, Inc. (a)	72,965		2,102,851
Sears Holdings Corp. (a) (b)	26,027		2,433,524
Target Corp.	345,272		16,935,592
			37,607,901
Office Electronics—0.1%
Xerox Corp.	399,065		4,601,219
Oil, Gas & Consumable Fuels—10.6%
Anadarko Petroleum Corp.	214,337		10,397,488
Apache Corp.	153,019		15,956,821
Cabot Oil & Gas Corp.	47,286		1,708,916
Chesapeake Energy Corp. (a)	238,482		8,551,964
Chevron Corp.	939,965		77,528,313
ConocoPhillips	695,344		50,933,948
Consol Energy, Inc.	83,812		3,846,133
Devon Energy Corp.	202,133		18,434,530
El Paso Corp.	320,815		4,093,599
EOG Resources, Inc.	113,833		10,183,500
Exxon Mobil Corp.	2,376,369		184,548,816
Hess Corp.	129,498		10,629,196
Marathon Oil Corp.	322,805		12,870,235
Massey Energy Co.	38,691		1,380,108
Murphy Oil Corp.	87,128		5,588,390
Noble Energy, Inc.	79,013		4,392,333
Occidental Petroleum Corp.	373,831		26,336,394
Peabody Energy Corp. (a)	124,420		5,598,900
Pioneer Natural Resources Co.	54,746		2,862,121
Range Resources Corp.	70,962		3,042,141
Southwestern Energy Co. (b)	157,014		4,795,208
Spectra Energy Corp.	281,300		6,694,940
Sunoco, Inc. (a)	53,467		1,902,356
Tesoro Corp. (a)	63,089		1,040,338
The Williams Cos., Inc.	263,654		6,235,417
Valero Energy Corp.	239,357		7,252,517
XTO Energy, Inc.	251,328		11,691,779
			498,496,401
Paper & Forest Products—0.3%
International Paper Co. (a)	195,615		5,121,201
MeadWestvaco Corp. (a)	78,149		1,821,653
Weyerhaeuser Co. (a)	96,667		5,856,087
			12,798,941
Personal Products—0.2%
Avon Products, Inc.	194,765		8,096,381
The Estee Lauder Cos., Inc. (Class A) (a)	52,533		2,621,922
			10,718,303
Pharmaceuticals—6.6%
Abbott Laboratories	705,291		40,610,656
Allergan, Inc.	140,693		7,245,689
Barr Pharmaceuticals, Inc. (b)	49,792		3,251,418
Bristol-Myers Squibb Co.	905,717		18,884,199

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-91

Metropolitan Series Fund, Inc.

MetLife Stock Index Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Common Stock—(Continued)

Security Description	Shares	Value
Pharmaceuticals—(Continued)
Eli Lilly & Co.	457,758	$	20,155,085
Forest Laboratories, Inc. (b)	139,482		3,944,551
Johnson & Johnson	1,278,542		88,577,390
King Pharmaceuticals, Inc. (b)	112,774		1,080,375
Merck & Co., Inc.	980,228		30,935,996
Mylan, Inc. (a)	139,310		1,590,920
Pfizer, Inc.	3,084,150		56,871,726
Schering-Plough Corp.	743,743		13,736,933
Watson Pharmaceuticals, Inc. (a) (b)	47,795		1,362,157
Wyeth	610,074		22,536,134
			310,783,229
Real Estate Investment Trusts—1.3%
Apartment Investment & Management Co. (Class A) (a)	39,172		1,371,803
AvalonBay Communities, Inc. (a)	35,250		3,469,305
Boston Properties, Inc.	54,816		5,134,067
Developers Diversified Realty Corp. (a)	55,027		1,743,806
Equity Residential	123,955		5,504,841
General Growth Properties, Inc. (a)	104,108		1,572,031
HCP, Inc. (a)	115,131		4,620,207
Host Hotels & Resorts, Inc. (a)	237,668		3,158,608
Kimco Realty Corp. (a)	103,893		3,837,807
Plum Creek Timber Co., Inc. (a)	78,294		3,903,739
ProLogis	120,087		4,955,990
Public Storage, Inc. (a)	57,296		5,672,877
Simon Property Group, Inc.	102,962		9,987,314
Vornado Realty Trust	62,663		5,699,200
			60,631,595
Real Estate Management & Development—0.0%
CB Richard Ellis Group, Inc. (a) (b)	78,693		1,052,125
Road & Rail—1.1%
Burlington Northern Santa Fe Corp.	129,210		11,942,880
CSX Corp.	186,505		10,177,578
Norfolk Southern Corp.	171,662		11,365,741
Ryder System, Inc.	25,829		1,601,398
Union Pacific Corp.	232,956		16,577,149
			51,664,746
Semiconductors & Semiconductor Equipment—2.2%
Advanced Micro Devices, Inc. (a) (b)	277,803		1,458,466
Altera Corp. (b)	137,628		2,846,147
Analog Devices, Inc.	132,885		3,501,520
Applied Materials, Inc.	613,838		9,287,369
Broadcom Corp. (b)	201,927		3,761,900
Intel Corp.	2,572,186		48,177,044
KLA-Tencor Corp. (a)	79,253		2,508,357
Linear Technology Corp. (a)	101,352		3,107,452
LSI Logic Corp. (a) (b)	294,470		1,578,359
MEMC Electronic Materials, Inc. (b)	103,352		2,920,728
Microchip Technology, Inc. (a)	84,242		2,479,242
Micron Technology, Inc. (a) (b)	348,192		1,410,178
National Semiconductor Corp.	89,201		1,535,149
Novellus Systems, Inc. (a) (b)	45,363		890,929

Security Description	Shares	Value
Semiconductors & Semiconductor Equipment—(Continued)
NVIDIA Corp. (b)	254,648	$	2,727,280
Teradyne, Inc. (b)	77,258		603,385
Texas Instruments, Inc.	599,754		12,894,711
Xilinx, Inc. (a)	126,480		2,965,956
			104,654,172
Software—3.7%
Adobe Systems, Inc. (b)	242,694		9,579,132
Autodesk, Inc. (b)	102,921		3,453,000
BMC Software, Inc. (b)	86,942		2,489,149
CA, Inc. (a)	180,205		3,596,892
Citrix Systems, Inc. (a) (b)	83,442		2,107,745
Compuware Corp. (b)	116,619		1,130,038
Electronic Arts, Inc. (b)	145,868		5,395,657
Intuit, Inc. (b)	146,868		4,642,497
Microsoft Corp.	3,592,483		95,883,371
Novell, Inc. (b)	157,961		811,920
Oracle Corp. (b)	1,792,770		36,411,159
Salesforce.com, Inc. (b)	47,610		2,304,324
Symantec Corp. (a) (b)	383,906		7,516,880
			175,321,764
Specialty Retail—1.7%
Abercrombie & Fitch Co. (Class A)	39,822		1,570,978
AutoNation, Inc. (a) (b)	49,303		554,166
AutoZone, Inc. (b)	19,113		2,357,397
Bed Bath & Beyond, Inc. (a) (b)	119,144		3,742,313
Best Buy Co., Inc. (a)	154,543		5,795,363
GameStop Corp. (Class A) (b)	74,739		2,556,821
Limited Brands, Inc. (a)	130,569		2,261,455
Lowe’s Cos., Inc.	670,580		15,886,040
Office Depot, Inc. (b)	125,813		732,232
RadioShack Corp. (a)	59,997		1,036,748
Staples, Inc.	325,316		7,319,610
The Gap, Inc.	214,822		3,819,535
The Home Depot, Inc.	777,084		20,118,705
The Sherwin-Williams Co. (a)	45,142		2,580,317
Tiffany & Co.	56,736		2,015,263
TJX Cos., Inc.	191,889		5,856,452
			78,203,395
Textiles, Apparel & Luxury Goods—0.5%
Coach, Inc. (b)	154,133		3,859,491
Jones Apparel Group, Inc.	38,171		706,545
Liz Claiborne, Inc. (a)	43,362		712,438
Nike, Inc.	179,499		12,008,483
Polo Ralph Lauren Corp. (a)	26,011		1,733,373
VF Corp.	39,862		3,081,731
			22,102,061
Thrifts & Mortgage Finance—0.1%
Hudson City Bancorp, Inc. (a)	237,762		4,386,709
MGIC Investment Corp. (a)	57,221		402,264
Sovereign Bancorp, Inc. (a) (b)	248,639		982,124
			5,771,097

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-92

Metropolitan Series Fund, Inc.

MetLife Stock Index Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Common Stock—(Continued)

Security Description	Shares	Value
Tobacco—1.7%
Altria Group, Inc.	942,370	$	18,696,621
Lorillard, Inc.	79,576		5,661,832
Philip Morris International, Inc.	943,048		45,360,609
Reynolds American, Inc. (a)	77,776		3,781,469
UST, Inc. (a)	67,507		4,491,916
			77,992,447
Trading Companies & Distributors—0.1%
Fastenal Co.	59,122		2,920,036
W.W. Grainger, Inc.	29,648		2,578,486
			5,498,522
Wireless Telecommunication Services—0.3%
American Tower Corp. (Class A) (b)	180,237		6,483,125
Sprint Nextel Corp. (b)	1,305,854		7,965,709
			14,448,834
Total Common Stock (Identified Cost $4,631,416,481)			4,679,006,351
Units—0.1%
Hotels, Restaurants & Leisure—0.1%
Carnival Corp.	199,915		7,066,995
Total Units (Identified Cost $7,978,025)			7,066,995

Short Term Investments—10.7%
Security Description	Face Amount/Shares		Value
Discount Notes—0.2%
Federal Home Loan Bank 0.068%, 10/01/08	$	6,600,000	$	6,600,000
Mutual Funds—10.5%
State Street Navigator Securities Lending Prime Portfolio (d)		493,647,428		493,647,428
Total Short Term Investments (Identified Cost $500,247,428)				500,247,428
Total Investments—110.5% (Identified Cost $5,139,641,934) (e)				5,186,320,774
Liabilities in excess of other assets				(494,076,619	)
Total Net Assets—100%			$	4,692,244,155

(a) A portion or all of the security was held on loan. As of September 30, 2008, the market value of securities loaned was $517,112,336 and the collateral received consisted of cash in the amount of $493,647,428 and non-cash collateral with a value of $5,035,647. The cash collateral is invested in a money market fund managed by an affiliate of the custodian. The non-cash collateral received consists primarily of government securities and bank letters of credit, and are held for the benefit of the Portfolio at the Portfolio’s custodian.

(b) Non-Income Producing.

(c) Affiliated Issuer. See below.

(d) Represents investment of cash collateral received from securities lending transactions.

(e) The aggregate cost of investments for federal income tax purposes as of September 30, 2008 was $5,141,438,149 and the composition of unrealized appreciation and depreciation of investment securities was $956,412,166 and $(911,529,541), respectively.

Futures Contracts
Futures Contracts-Long	Expiration Date	Number of Contracts	Contract Amount		Valuation as of 9/30/2008		Net Unrealized Depreciation
S&P 500 Index Futures	12/18/2008	30	$	9,207,525	$	8,767,500	$	(440,025	)

Affiliated Issuer
Security Description	Number of Shares Held at 12/31/2007	Shares Purchased Since 12/31/2007	Shares Sold Since 12/31/2007		Number of Shares Held on 9/30/2008	Realized Gain on Shares Sold		Income For Period Ended 9/30/2008
MetLife, Inc.	349,275	5,487	(40,589	)	314,173	$	1,039,986	$	0

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-93

Metropolitan Series Fund, Inc.

MetLife Stock Index Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

The Portfolio adopted the provisions of Statement of Financial Accounting Standards No. 157, “Fair Value Measurements” (FAS 157), effective with the beginning of the Portfolio’s fiscal year. FAS 157 establishes a framework for measuring fair value and expands disclosures about fair value measurements in financial statements. Management has evaluated the application of FAS 157 to the Portfolio, and has determined that the adoption of FAS 157 does not have a material impact on the Portfolio’s financial statements. The three levels of the hierarchy under FAS 157 are described below:

Level 1—quoted prices in active markets for identical securities

Level 2—other significant observable inputs (including quoted prices for similar securities, interest rates, credit risk, etc.)

Level 3—significant unobservable inputs (including the Adviser and Subadvisor’s own assumptions in determining the fair value of investments)

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

The following is a summary of the inputs used to value the Portfolio’s net assets as of September 30, 2008:

Valuation Inputs	Investments In Securities		Other Financial Instruments*
Level 1—Quoted Prices	$	5,179,720,774	$	(440,025	)
Level 2—Other Significant Observable Inputs		6,600,000		0
Level 3—Significant Unobservable Inputs		0		0
Total	$	5,186,320,774	$	(440,025	)

* Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures, forwards, swap contracts and written options, which are valued based on the unrealized appreciation/depreciation on the instrument.

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-94

Metropolitan Series Fund, Inc.

MFS Total Return Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Common Stock—58.7% of Total Net Assets

Security Description	Shares	Value
Aerospace & Defense—3.4%
Lockheed Martin Corp.	223,559	$	24,517,716
Northrop Grumman Corp.	174,586		10,569,436
Raytheon Co.	16,010		856,695
United Technologies Corp.	212,240		12,747,134
			48,690,981
Air Freight & Logistics—0.2%
United Parcel Service, Inc. (Class B)	54,770		3,444,485
Auto Components—0.6%
Johnson Controls, Inc.	261,290		7,924,926
Automobiles—0.2%
Harley-Davidson, Inc. (a)	67,060		2,501,338
Beverages—1.6%
Diageo, Plc.(GBP)	431,386		7,312,358
Heineken NV(EUR)	44,970		1,812,504
Molson Coors Brewing Co.	22,900		1,070,575
Pepsi Bottling Group, Inc.	9,700		282,949
PepsiCo, Inc.	145,105		10,341,633
The Coca-Cola Co.	43,400		2,294,992
			23,115,011
Biotechnology—0.4%
Amgen, Inc. (b)	44,480		2,636,330
Genzyme Corp. (b)	37,100		3,001,019
			5,637,349
Building Products—0.1%
Masco Corp. (a)	65,480		1,174,711
Capital Markets—3.8%
Franklin Resources, Inc.	71,930		6,339,191
Invesco, Ltd. (a)	112,680		2,364,026
Merrill Lynch & Co., Inc. (a)	181,186		4,584,006
State Street Corp.	175,750		9,996,660
The Bank of New York Mellon Corp.	512,820		16,707,676
The Goldman Sachs Group, Inc.	107,990		13,822,720
			53,814,279
Chemicals—1.2%
Air Products & Chemicals, Inc.	70,104		4,801,423
PPG Industries, Inc. (a)	205,720		11,997,590
			16,799,013
Commercial Banks—1.1%
East West Bancorp, Inc. (a)	63,350		867,895
PNC Financial Services Group, Inc.	126,530		9,451,791
SunTrust Banks, Inc. (a)	107,130		4,819,779
			15,139,465
Communications Equipment—0.2%
Cisco Systems, Inc. (b)	34,960		788,698

Security Description	Shares	Value
Communications Equipment—(Continued)
Nokia Corp. (ADR)	114,620	$	2,137,663
			2,926,361
Computers & Peripherals—1.2%
Hewlett-Packard Co.	43,080		1,992,019
International Business Machines Corp.	129,480		15,143,981
			17,136,000
Consumer Finance—0.1%
American Express Co.	57,060		2,021,636
Diversified Financial Services—3.3%
Bank of America Corp.	561,104		19,638,640
Deutsche Boerse AG (EUR)	27,760		2,531,246
JPMorgan Chase & Co.	533,150		24,898,105
			47,067,991
Diversified Telecommunication Services—2.4%
AT&T, Inc.	712,454		19,891,716
Embarq Corp.	218,735		8,869,704
Rogers Communications, Inc. (CAD)	89,990		2,930,894
Verizon Communications, Inc.	96,127		3,084,716
			34,777,030
Electric Utilities—1.6%
American Electric Power Co., Inc.	132,900		4,921,287
DPL, Inc. (a)	72,830		1,806,184
Entergy Corp.	27,458		2,444,037
FPL Group, Inc.	148,420		7,465,526
Pepco Holdings, Inc.	75,780		1,736,120
PPL Corp.	112,106		4,150,164
			22,523,318
Electronic Equipment & Instruments—0.2%
Flextronics International, Ltd. (b)	410,390		2,905,561
Energy Equipment & Services—0.7%
Exterran Holdings, Inc. (b)	39,000		1,246,440
Halliburton Co. (a)	79,110		2,562,373
Helix Energy Solutions Group, Inc. (a) (b)	66,610		1,617,291
Noble Corp.	93,480		4,103,772
North American Energy Partners, Inc. (b)	71,520		741,662
			10,271,538
Food & Staples Retailing—1.6%
CVS Caremark Corp.	326,953		11,005,238
The Kroger Co.	114,370		3,142,887
Wal-Mart Stores, Inc.	75,930		4,547,448
Walgreen Co. (a)	125,000		3,870,000
			22,565,573
Food Products—1.7%
General Mills, Inc.	48,340		3,321,925
Kellogg Co.	128,730		7,221,753

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-95

Metropolitan Series Fund, Inc.

MFS Total Return Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Common Stock—(Continued)

Security Description	Shares	Value
Food Products—(Continued)
Nestle S.A. (CHF)	314,967	$	13,685,055
			24,228,733
Health Care Equipment & Supplies—0.5%
Advanced Medical Optics, Inc. (a) (b)	142,500		2,533,650
The Cooper Cos., Inc. (a)	40,390		1,403,956
Zimmer Holdings, Inc. (b)	59,790		3,860,043
			7,797,649
Health Care Providers & Services—0.8%
DaVita, Inc. (b)	48,900		2,787,789
UnitedHealth Group, Inc.	121,690		3,089,709
WellPoint, Inc. (b)	112,270		5,250,868
			11,128,366
Hotels, Restaurants & Leisure—0.7%
Royal Caribbean Cruises, Ltd. (a)	301,020		6,246,165
Wyndham Worldwide Corp. (a)	210,710		3,310,254
			9,556,419
Household Durables—0.5%
Jarden Corp. (a) (b)	171,140		4,013,233
Pulte Homes, Inc. (a)	207,380		2,897,099
Toll Brothers, Inc. (a) (b)	9,640		243,217
			7,153,549
Household Products—0.9%
Procter & Gamble Co.	103,650		7,223,369
The Clorox Co.	85,580		5,365,010
			12,588,379
Independent Power Producers & Energy Traders—0.3%
NRG Energy, Inc. (a) (b)	180,480		4,466,880
Industrial Conglomerates—0.8%
3M Co.	138,300		9,447,273
General Electric Co.	66,855		1,704,803
			11,152,076
Insurance—3.8%
Aon Corp.	25,420		1,142,883
Aspen Insurance Holdings, Ltd.	65,250		1,794,375
Conseco, Inc. (b)	143,160		503,923
Genworth Financial, Inc. (Class A)	787,490		6,780,289
Max Capital Group, Ltd. (a)	136,040		3,160,209
PartnerRe, Ltd.	11,500		783,035
Prudential Financial, Inc.	56,870		4,094,640
The Allstate Corp.	439,556		20,272,323
The Chubb Corp.	59,910		3,289,059
The Hartford Financial Services Group, Inc.	62,187		2,549,045
The Travelers Cos., Inc.	211,310		9,551,212
			53,920,993

Security Description	Shares	Value
Internet Software & Services—0.0%
Google, Inc. (Class A) (b)	520	$	208,270
IT Services—1.2%
Accenture, Ltd. (Class A)	157,059		5,968,242
Automatic Data Processing, Inc.	72,960		3,119,040
Fidelity National Information Services, Inc.	107,720		1,988,511
Lender Processing Services, Inc. (a)	53,850		1,643,502
The Western Union Co.	47,970		1,183,420
Visa, Inc.	43,860		2,692,566
			16,595,281
Machinery—1.2%
Danaher Corp. (a)	57,080		3,961,352
Eaton Corp.	79,330		4,456,759
Ingersoll-Rand Co., Ltd. (Class A)	47,230		1,472,159
Kennametal, Inc.	108,990		2,955,809
Timkin Co.	156,660		4,441,311
			17,287,390
Media—1.6%
Omnicom Group, Inc.	243,510		9,389,746
The Walt Disney Co.	282,090		8,657,342
Time Warner Cable, Inc. (Class A) (a) (b)	125,510		3,037,342
WPP Group, Plc. (GBP)	204,410		1,661,120
			22,745,550
Metals & Mining—0.0%
Century Aluminum Co. (a) (b)	24,170		669,267
Multi-Utilities—1.6%
CMS Energy Corp. (a)	92,620		1,154,971
Dominion Resources, Inc.	100,402		4,295,198
PG&E Corp. (a)	251,390		9,414,555
Public Service Enterprise Group, Inc.	137,960		4,523,708
Sempra Energy	63,680		3,213,930
			22,602,362
Multiline Retail—0.7%
Macy’s, Inc.	483,090		8,685,958
Nordstrom, Inc. (a)	32,700		942,414
			9,628,372
Oil, Gas & Consumable Fuels—9.0%
Anadarko Petroleum Corp.	43,000		2,085,930
Apache Corp.	150,970		15,743,151
Chevron Corp.	149,296		12,313,934
ConocoPhillips	52,300		3,830,975
Devon Energy Corp.	125,090		11,408,208
El Paso Corp. (a)	191,960		2,449,410
EOG Resources, Inc.	30,510		2,729,425
Exxon Mobil Corp.	386,864		30,043,858
Hess Corp.	143,620		11,788,330
Marathon Oil Corp.	228,550		9,112,288
Sunoco, Inc. (a)	52,040		1,851,583
The Williams Cos., Inc.	238,820		5,648,093

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-96

Metropolitan Series Fund, Inc.

MFS Total Return Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Common Stock—(Continued)

Security Description	Shares	Value
Oil, Gas & Consumable Fuels—(Continued)
Total S.A. (ADR)	301,560	$	18,298,661
Ultra Petroleum Corp. (b)	21,500		1,189,810
			128,493,656
Pharmaceuticals—3.2%
Abbott Laboratories	28,658		1,650,128
GlaxoSmithKline, Plc. (GBP)	96,520		2,088,070
Johnson & Johnson	166,358		11,525,282
Merck & Co., Inc.	341,703		10,784,147
Merck KGaA (EUR) (a)	27,700		2,974,259
Pfizer, Inc.	67,070		1,236,771
Roche Holding AG (CHF) (b)	13,910		2,178,269
Wyeth	370,760		13,695,874
			46,132,800
Road & Rail—0.2%
Burlington Northern Santa Fe Corp.	27,545		2,545,984
Semiconductors & Semiconductor Equipment—0.7%
Intel Corp.	534,270		10,006,877
Software—1.2%
Oracle Corp. (b)	816,880		16,590,833
Synopsys, Inc. (b)	17,780		354,711
			16,945,544
Specialty Retail—0.6%
AnnTaylor Stores Corp. (b)	72,300		1,492,272
Staples, Inc.	208,030		4,680,675
The Sherwin-Williams Co. (a)	46,790		2,674,516
			8,847,463
Textiles, Apparel & Luxury Goods—0.7%
Nike, Inc.	147,250		9,851,025
Thrifts & Mortgage Finance—0.2%
New York Community Bancorp, Inc. (a)	60,480		1,015,459
Sovereign Bancorp, Inc. (a) (b)	553,050		2,184,548
			3,200,007
Tobacco—1.8%
Altria Group, Inc.	66,986		1,329,002
Lorillard, Inc.	73,310		5,216,007
Philip Morris International, Inc.	393,380		18,921,578
			25,466,587
Trading Companies & Distributors—0.7%
W.W. Grainger, Inc. (a)	85,630		7,447,241
WESCO International, Inc. (a)	97,850		3,148,813
			10,596,054
Wireless Telecommunication Services—0.2%
América Movil S.A. de C.V. (ADR)	8,300		384,788
Vodafone Group, Plc. (ADR)	118,313		2,614,717
			2,999,505
Total Common Stock (Identified Cost $927,572,884)			837,251,604

Fixed Income—40.3%
Security Description	Face Amount		Value
Aerospace & Defense—0.1%
BAE Systems Holdings, Inc. (144A) 5.200%, 08/15/15	$	1,718,000	$	1,603,346
Asset Backed—0.4%
Bayview Financial (144A) 4.509%, 12/28/40 (c)		1,510,000		1,087,539
Capital Trust, Ltd. 5.160%, 06/25/35		1,600,000		1,346,750
Connecticut RRB Special Purpose Trust 6.210%, 12/30/11 (c)		300,000		306,190
Countrywide Asset-Backed Certificates 4.575%, 07/25/35		3,023		2,960
4.823%, 08/25/35		34,156		33,617
5.689%, 10/25/36		930,000		701,558
GMAC Mortgage Corp. Loan Trust 5.805%, 10/25/36 (c)		1,077,000		571,021
Jet Equipment Trust (144A) 11.440%, 11/01/14 (d) (e) (f)		300,000		0
Residential Asset Mortgage Products, Inc. 4.971%, 09/25/34		752,000		725,639
Residential Funding Mortgage Securities II, Inc. 5.320%, 12/25/35		1,190,000		529,780
				5,305,054
Beverages—0.4%
Diageo, Plc. 5.500%, 04/01/13		2,140,000		2,153,934
Dr. Pepper Snapple Group, Inc. (144A) 6.120%, 05/01/13		430,000		426,768
6.820%, 05/01/18		533,000		514,482
Miller Brewing Co. (144A) 5.500%, 08/15/13		2,921,000		2,881,651
				5,976,835
Capital Markets—0.5%
Lehman Brothers Holdings, Inc. (d) 6.500%, 07/19/17		1,540,000		1,925
Merrill Lynch & Co., Inc. 6.110%, 01/29/37		1,270,000		881,654
6.150%, 04/25/13		1,160,000		1,071,906
Morgan Stanley 5.750%, 10/18/16		1,156,000		716,857
6.625%, 04/01/18		713,000		471,857
6.750%, 04/15/11		1,180,000		873,336
Morgan Stanley Capital 3.875%, 01/15/09		1,870,000		1,720,434
The Goldman Sachs Group, Inc. 5.625%, 01/15/17		1,972,000		1,399,700
				7,137,669
Chemicals—0.1%
PPG Industries, Inc. 5.750%, 03/15/13		1,511,000		1,498,989

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-97

Metropolitan Series Fund, Inc.

MFS Total Return Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Fixed Income—(Continued)

Security Description	Face Amount		Value
Commercial Banks—0.5%
Bank One Corp. 8.000%, 04/29/27	$	100,000	$	96,080
Nordea Bank (144A) 5.424%, 12/29/49 (c)		610,000		495,278
Royal Bank of Scotland Group, Plc. (144A) 6.990%, 10/29/49 (c)		360,000		268,290
U.S. Bancorp 7.500%, 06/01/26		400,000		407,891
Unicredito Italiano Capital Trust (144A) 9.200%, 10/05/49 (c)		1,412,000		1,353,232
Wachovia Corp. 5.250%, 08/01/14		3,334,000		2,044,359
WOORI Bank 6.125%, 05/03/16 (c)		2,620,000		2,380,637
				7,045,767
Commercial Mortgage-Backed Securities—2.4%
Banc of America Commercial Mortgage, Inc. 5.482%, 01/15/17 (c)		272,233		208,401
BlackRock Capital Finance, L.P. 7.750%, 09/25/26		97,384		28,241
Bruce Mansfield Unit 6.850%, 06/01/34		2,390,000		2,485,972
Chase Commercial Mortgage Securities Corp. 7.543%, 07/15/32		19,717		19,725
Citigroup Commercial Mortgage Trust 5.889%, 12/10/49 (c)		3,630,000		3,102,630
Countrywide Commercial Mortgage Trust 5.652%, 02/12/39 (c)		560,000		458,756
Credit Suisse Mortgage Capital Certificates 5.343%, 12/15/39		880,078		692,782
5.695%, 09/15/40 (c)		1,735,738		1,469,824
GE Capital Commercial Mortgage Corp. 5.518%, 03/10/44 (c)		1,000,000		811,232
General Electric Capital Assurance Co. (144A) 5.743%, 05/12/35		35,000		31,818
Greenwich Capital Commercial Funding Corp. 4.305%, 08/10/42		326,945		320,449
4.915%, 01/05/36 (c)		500,000		463,278
5.317%, 06/10/36 (c)		1,341,434		1,263,793
5.475%, 02/10/17		3,025,000		2,313,072
JPMorgan Chase Commercial Mortgage Securities Corp. 4.780%, 07/15/42		1,384,000		1,150,985
4.948%, 09/12/37 (c)		1,400,000		1,171,956
5.378%, 05/15/41 (c)		1,292,933		1,207,899
5.475%, 04/15/43 (c)		2,260,000		1,990,802
5.552%, 05/12/45		949,000		834,876
6.007%, 06/15/49 (c)		1,900,000		1,625,718
6.065%, 04/15/45 (c)		2,260,000		2,043,581
Merrill Lynch Mortgage Trust 6.023%, 07/12/17 (c)		929,000		525,865
Merrill Lynch/Countrywide Commercial Mortgage Trust
5.810%, 06/12/50 (c)		1,735,738		1,482,650
Morgan Stanley Capital I, Inc. 5.150%, 06/13/41		250,000		234,798

Security Description	Face Amount		Value
Commercial Mortgage-Backed Securities—(Continued)
Morgan Stanley Capital I, Inc. (144A) 0.775%, 11/15/30 (c) (g)	$	8,184,448	$	167,692
Multi-Family Capital Access One, Inc. 6.650%, 01/15/24		126,588		126,364
Spirit Master Funding, LLC (144A) 5.050%, 07/20/23		1,282,107		957,259
Structured Asset Securities Corp. 4.670%, 03/25/35		406,033		346,473
The Bear Stearns Commercial Mortgage Securities, Inc. 4.680%, 08/13/39		150,000		138,961
Wachovia Bank Commercial Mortgage Trust 4.847%, 10/15/41		2,245,000		2,006,455
5.795%, 07/15/45 (c)		1,360,000		1,114,272
6.100%, 02/15/51 (c)		3,000,000		2,581,143
6.159%, 06/15/45 (c)		1,530,000		1,280,677
				34,658,399
Commercial Services & Supplies—0.2%
The Western Union Co. 5.400%, 11/17/11		2,140,000		2,158,941
Waste Management, Inc. 7.375%, 08/01/10		1,061,000		1,098,696
				3,257,637
Construction & Engineering—0.1%
CRH America, Inc. 6.950%, 03/15/12		1,409,000		1,408,985
Consumer Finance—0.2%
American Express Co. 5.500%, 09/12/16		1,997,000		1,704,314
Capital One Financial Corp. 6.150%, 09/01/16		1,330,000		998,138
Dean Witter Discover & Co. 6.750%, 01/01/16		260,000		170,229
				2,872,681
Diversified Financial Services—1.6%
Bank of America Corp. (144A) 5.490%, 03/15/19		696,000		539,170
Citigroup, Inc. 5.000%, 09/15/14		1,105,000		847,217
DBS Capital Funding Corp. (144A) 7.657%, 03/31/49 (c)		1,190,000		1,211,991
Deutsche Telekom International Finance BV 5.750%, 03/23/16 (a)		1,419,000		1,265,790
Duke Capital, LLC 8.000%, 10/01/19		1,253,000		1,300,286
Enel Finance International S.A. 6.250%, 09/15/17		1,494,000		1,486,366
General Electric Capital Corp. 5.250%, 12/06/17		660,000		577,521
5.375%, 10/20/16		685,000		604,496

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-98

Metropolitan Series Fund, Inc.

MFS Total Return Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Fixed Income—(Continued)

Security Description	Face Amount		Value
Diversified Financial Services—(Continued)
General Electric Capital Corp. 5.450%, 01/15/13	$	572,000	$	534,390
GlaxoSmithKline Capital, Inc. 4.850%, 05/15/13		546,000		536,022
HSBC Finance Corp. 5.250%, 01/14/11		1,300,000		1,277,301
MidAmerican Funding, LLC 6.927%, 03/01/29		699,000		744,728
MUFG Capital Finance 6.346%, 07/29/49 (c)		1,711,000		1,294,900
Natixis 10.000%, 04/29/49 (c)		1,749,000		1,623,054
ORIX Corp. 5.480%, 11/22/11		2,170,000		1,993,948
PNC Funding Corp. 5.625%, 02/01/17		1,080,000		956,729
Telecom Italia Capital S.A. 5.250%, 11/15/13		753,000		668,054
UBS Preferred Funding Trust V 6.243%, 05/12/49 (c)		2,180,000		1,679,777
UFJ Finance Aruba AEC 6.750%, 07/15/13		1,320,000		1,384,029
Unicredit Luxembourg Finance S.A. 6.000%, 10/31/17		1,520,000		1,293,566
ZFS Finance USA Trust I (144A) 5.875%, 05/09/32 (c)		500,000		341,050
6.500%, 05/09/37 (c)		1,950,000		1,306,500
				23,466,885
Diversified Telecommunication Services—0.5%
AT&T, Inc. 6.500%, 09/01/37		1,077,000		916,182
BellSouth Corp. 6.550%, 06/15/34 (a)		1,212,000		1,039,084
France Telecom S.A. 7.750%, 03/01/11 (c)		346,000		363,124
Telus Corp. 8.000%, 06/01/11		1,918,000		2,031,296
Verizon New York, Inc. 6.875%, 04/01/12		3,102,000		3,101,876
				7,451,562
Electric Utilities—1.0%
Entergy Louisiana, LLC 8.090%, 01/02/17		677,028		686,330
Exelon Generation Co., LLC 6.200%, 10/01/17		860,000		755,785
6.950%, 06/15/11		2,478,000		2,509,397
FirstEnergy Corp. 6.450%, 11/15/11		2,426,000		2,437,572
Hydro-Quebec 6.300%, 05/11/11		1,600,000		1,719,504
MidAmerican Energy Holdings Co. 5.875%, 10/01/12		768,000		761,257
6.125%, 04/01/36		602,000		506,330

Security Description	Face Amount		Value
Electric Utilities—(Continued)
Oncor Electric Delivery Co. 7.000%, 09/01/22	$	1,825,000	$	1,532,325
PPL Energy Supply, LLC 6.400%, 11/01/11		100,000		99,510
PSE&G Power, LLC 5.500%, 12/01/15		977,000		881,420
6.950%, 06/01/12		1,000,000		1,019,990
System Energy Resources, Inc. (144A) 5.129%, 01/15/14		604,544		601,019
United Energy Distribution Holdings, Ltd. (144A)
5.450%, 04/15/16		50,000		51,730
				13,562,169
Electronic Equipment & Instruments—0.1%
Tyco Electronics Group S.A. 6.550%, 10/01/17		1,385,000		1,332,766
Energy Equipment & Services—0.1%
Kinder Morgan Energy Partners, L.P. 6.750%, 03/15/11		1,202,000		1,217,158
7.750%, 03/15/32		625,000		596,491
				1,813,649
Federal Agencies—17.8%
Federal Home Loan Mortgage Corp. 4.125%, 11/18/09 (a)		3,100,000		3,130,529
4.500%, 05/01/18		396,819		390,487
4.500%, 08/01/18		612,714		602,937
4.500%, 11/01/18		580,446		571,184
4.500%, 01/01/19		1,052,366		1,035,574
4.500%, 08/01/19		59,562		58,425
4.500%, 02/01/20		407,878		400,095
4.500%, 04/01/35		1,228,910		1,165,772
5.000%, 12/01/17		25,031		25,101
5.000%, 05/01/18		256,462		257,512
5.000%, 06/01/18		37,514		37,572
5.000%, 09/01/18		580,315		581,212
5.000%, 12/01/18		82,452		82,579
5.000%, 02/01/19		665,165		664,114
5.000%, 05/01/19		494,494		495,213
5.000%, 06/01/19		292,998		292,535
5.000%, 09/01/33		2,353,746		2,300,140
5.000%, 11/01/33		1,323,102		1,292,968
5.000%, 03/01/34		407,734		398,065
5.000%, 04/01/34		430,175		419,975
5.000%, 05/01/35		521,772		509,074
5.000%, 07/01/35		1,231,516		1,201,544
5.000%, 08/01/35		1,304,090		1,272,353
5.000%, 09/01/35		760,472		741,965
5.000%, 10/01/35		4,475,413		4,366,494
5.000%, 11/01/35		427,310		416,911
5.500%, 08/23/17 (a)		7,900,000		8,358,413
5.500%, 01/01/19		122,500		123,975
5.500%, 04/01/19		71,660		72,702
5.500%, 06/01/19		51,193		51,809

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-99

Metropolitan Series Fund, Inc.

MFS Total Return Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Fixed Income—(Continued)

Security Description	Face Amount		Value
Federal Agencies—(Continued)
Federal Home Loan Mortgage Corp.
5.500%, 07/01/19	$	183,465	$	185,674
5.500%, 08/01/19		59,623		60,341
5.500%, 12/01/19		99,665		100,865
5.500%, 02/01/20		26,799		27,046
5.500%, 10/01/24		644,704		646,411
5.500%, 06/01/25		1,113,894		1,115,415
5.500%, 07/01/25		496,678		497,356
5.500%, 08/01/25		762,858		763,900
5.500%, 09/01/25		685,010		685,946
5.500%, 05/01/33		2,680,070		2,673,827
5.500%, 12/01/33		1,825,042		1,820,790
5.500%, 01/01/34		1,804,824		1,800,619
5.500%, 04/01/34		286,578		285,642
5.500%, 10/01/34		162,746		162,214
5.500%, 11/01/34		236,455		235,683
5.500%, 12/01/34		360,521		359,344
5.500%, 05/01/35		138,830		138,290
5.500%, 09/01/35		400,072		398,515
5.500%, 10/01/35		635,048		632,576
6.000%, 04/01/16		95,481		97,243
6.000%, 04/01/17		172,580		175,769
6.000%, 07/01/17		86,897		88,503
6.000%, 10/01/17		122,786		125,055
6.000%, 08/01/19		821,650		836,880
6.000%, 09/01/19		227,824		232,047
6.000%, 11/01/19		135,764		138,277
6.000%, 05/01/21		440,717		448,910
6.000%, 10/01/21		605,590		616,848
6.000%, 02/01/23		772,818		788,944
6.000%, 12/01/25		320,593		325,791
6.000%, 02/01/26		330,529		335,888
6.000%, 04/01/34		180,272		183,055
6.000%, 07/01/34		664,871		675,134
6.000%, 08/01/34		3,852,911		3,912,383
6.000%, 09/01/34		81,931		83,195
6.000%, 07/01/35		365,586		370,601
6.000%, 08/01/35		446,884		453,014
6.000%, 11/01/35		1,098,974		1,114,049
6.000%, 03/01/36		512,784		519,577
6.000%, 10/01/36		800,022		812,371
6.000%, 11/01/36		305,310		309,355
6.000%, 01/01/37		830,434		841,435
6.000%, 03/01/37		673,234		682,153
6.000%, 05/01/37		1,697,601		1,720,091
6.000%, 06/01/37		1,299,516		1,316,732
6.500%, 05/01/34		144,308		148,584
6.500%, 06/01/34		194,353		200,112
6.500%, 08/01/34		807,104		831,019
6.500%, 10/01/34		715,332		739,210
6.500%, 11/01/34		406,256		418,294
6.500%, 05/01/37		423,888		435,123
6.500%, 07/01/37		1,759,979		1,806,629
Federal National Mortgage Association 0.990%, 04/01/13 (c)		78,464		77,295
3.000%, 07/12/10 (a)		787,000		785,207

Security Description	Face Amount		Value
Federal Agencies—(Continued)
4.010%, 08/01/13 (c)	$	147,089	$	139,887
4.020%, 08/01/13 (c)		586,577		559,586
4.500%, 04/01/18		450,589		443,963
4.500%, 06/01/18		1,027,409		1,012,300
4.500%, 07/01/18		1,266,588		1,247,961
4.500%, 03/01/19		666,885		654,994
4.500%, 06/01/19		2,414,449		2,371,397
4.500%, 04/01/20		559,753		549,772
4.500%, 07/01/20		302,252		296,863
4.500%, 11/01/20		697,897		683,272
4.500%, 08/01/33		2,046,726		1,944,196
4.500%, 02/01/35		683,569		648,471
4.500%, 09/01/35		699,436		662,649
4.589%, 05/01/14 (c)		838,173		813,537
4.630%, 04/01/14		365,245		354,272
4.700%, 03/01/15		612,031		591,093
4.845%, 06/01/13		91,904		90,569
4.848%, 08/01/14 (c)		921,996		903,137
4.872%, 02/01/14 (c)		654,666		643,688
4.880%, 03/01/20		449,241		434,291
4.926%, 04/01/15 (c)		2,085,464		2,039,666
4.940%, 08/01/15		50,000		48,867
5.000%, 11/01/17		683,476		686,580
5.000%, 02/01/18		2,731,516		2,743,886
5.000%, 12/01/18		1,758,163		1,763,948
5.000%, 06/01/19		1,221,577		1,221,780
5.000%, 07/01/19		1,159,563		1,159,755
5.000%, 09/01/19		740,437		740,560
5.000%, 11/01/19		182,890		182,920
5.000%, 12/01/19		56,547		56,557
5.000%, 01/01/20		61,607		61,425
5.000%, 07/01/20		1,323,608		1,319,691
5.000%, 08/01/20		335,856		334,862
5.000%, 11/01/33		1,410,477		1,378,794
5.000%, 03/01/34		1,372,373		1,341,193
5.000%, 04/01/34		439,073		428,799
5.000%, 05/01/34		437,351		427,118
5.000%, 08/01/34		475,228		464,108
5.000%, 09/01/34		1,659,575		1,620,741
5.000%, 12/01/34		253,618		247,684
5.000%, 01/01/35		480,563		469,318
5.000%, 03/01/35		756,669		739,534
5.000%, 06/01/35		2,047,293		1,998,107
5.000%, 07/01/35		7,090,521		6,920,173
5.000%, 08/01/35		2,569,979		2,508,236
5.000%, 08/01/36		505,165		493,028
5.370%, 02/01/13 (c)		382,660		384,071
5.370%, 05/01/18		630,000		609,186
5.466%, 11/01/15 (c)		431,956		433,355
5.500%, 11/01/17		1,069,758		1,088,990
5.500%, 12/01/17		193,766		197,250
5.500%, 01/01/18		711,556		724,348
5.500%, 02/01/18		609,693		619,511
5.500%, 12/01/18		309,097		314,074
5.500%, 06/01/19		1,030,664		1,044,684
5.500%, 07/01/19		1,027,882		1,041,866

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-100

Metropolitan Series Fund, Inc.

MFS Total Return Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Fixed Income—(Continued)

Security Description	Face Amount		Value
Federal Agencies—(Continued)
Federal National Mortgage Association
5.500%, 08/01/19	$	391,890	$	397,220
5.500%, 09/01/19		675,730		684,921
5.500%, 11/01/19		60,752		61,578
5.500%, 12/01/19		180,003		182,452
5.500%, 01/01/21		507,570		513,047
5.500%, 03/01/21		725,672		732,596
5.500%, 05/01/25		626,871		635,500
5.500%, 06/01/25		572,938		574,561
5.500%, 02/01/33		621,801		621,907
5.500%, 04/01/33		236,381		236,421
5.500%, 05/01/33		52,708		52,717
5.500%, 06/01/33		2,017,739		2,018,083
5.500%, 07/01/33		2,549,337		2,549,772
5.500%, 11/01/33		1,946,059		1,946,391
5.500%, 12/01/33		305,502		305,554
5.500%, 01/01/34 (c)		447,751		447,827
5.500%, 01/01/34		708,368		708,489
5.500%, 02/01/34		1,653,186		1,653,117
5.500%, 03/01/34		197,795		197,740
5.500%, 04/01/34		564,712		564,330
5.500%, 05/01/34		2,205,783		2,204,091
5.500%, 06/01/34		3,007,857		3,005,549
5.500%, 07/01/34		1,696,228		1,694,926
5.500%, 08/01/34		1,127,715		1,126,849
5.500%, 09/01/34		5,884,912		5,880,399
5.500%, 10/01/34		4,914,373		4,910,602
5.500%, 11/01/34		8,208,101		8,201,805
5.500%, 12/01/34		3,174,588		3,172,153
5.500%, 01/01/35		6,671,378		6,669,235
5.500%, 02/01/35		1,423,565		1,421,792
5.500%, 03/01/35		2,232,217		2,229,110
5.500%, 04/01/35		997,897		996,508
5.500%, 05/01/35		105,851		105,704
5.500%, 07/01/35		475,554		474,892
5.500%, 08/01/35		1,593,704		1,591,486
5.500%, 09/01/35 (c)		1,469,974		1,467,928
5.500%, 09/01/35		110,928		110,774
5.500%, 12/01/35		2,376,087		2,372,780
5.500%, 04/01/36		1,907,763		1,905,107
5.500%, 03/01/37		649,286		648,078
6.000%, 05/15/11 (a)		1,473,000		1,572,498
6.000%, 07/01/16		345,543		353,699
6.000%, 01/01/17		516,831		528,868
6.000%, 02/01/17 (c)		415,825		425,640
6.000%, 07/01/17		648,778		664,091
6.000%, 08/01/17		70,314		71,952
6.000%, 09/01/17		354,515		362,772
6.000%, 03/01/18		57,708		59,052
6.000%, 11/01/18		350,367		358,637
6.000%, 01/01/21		343,950		350,778
6.000%, 02/01/21		375,474		382,928
6.000%, 05/01/21		367,749		375,050
6.000%, 01/01/23		83,868		85,655
6.000%, 11/01/25		552,052		561,333
6.000%, 04/01/26		677,175		688,254

Security Description	Face Amount		Value
Federal Agencies—(Continued)
6.000%, 02/01/32	$	1,454,024	$	1,481,466
6.000%, 03/01/34		121,574		123,940
6.000%, 04/01/34		1,921,619		1,953,231
6.000%, 05/01/34		165,046		167,697
6.000%, 06/01/34		1,918,260		1,949,070
6.000%, 07/01/34		2,276,834		2,313,400
6.000%, 08/01/34		5,178,659		5,261,832
6.000%, 10/01/34		1,931,020		1,962,033
6.000%, 11/01/34		276,610		281,053
6.000%, 12/01/34		131,704		133,820
6.000%, 04/01/35		74,128		75,192
6.000%, 08/01/35		390,714		396,318
6.000%, 09/01/35 (c)		560,829		570,548
6.000%, 10/01/35		765,783		776,767
6.000%, 11/01/35		337,320		342,158
6.000%, 12/01/35		1,124,602		1,140,732
6.000%, 02/01/36		1,810,306		1,836,122
6.000%, 03/01/36		980,227		993,978
6.000%, 04/01/36		2,407,485		2,441,261
6.000%, 06/01/36		617,695		626,487
6.000%, 07/01/36		1,123,360		1,139,120
6.000%, 08/01/36		488,008		494,854
6.000%, 12/01/36		691,761		701,466
6.000%, 02/01/37		988,484		1,002,296
6.000%, 03/01/37		672,245		681,639
6.000%, 05/01/37		742,510		752,885
6.000%, 06/01/37		1,433,061		1,453,085
6.000%, 07/01/37		1,384,138		1,403,478
6.330%, 03/01/11 (c)		164,699		170,292
6.500%, 06/01/31		357,198		369,409
6.500%, 07/01/31		155,942		161,273
6.500%, 08/01/31		97,570		100,906
6.500%, 09/01/31		475,656		491,917
6.500%, 02/01/32		434,438		449,289
6.500%, 05/01/32		160,369		165,701
6.500%, 07/01/32		820,596		848,469
6.500%, 08/01/32		745,198		769,974
6.500%, 01/01/33		308,546		318,804
6.500%, 04/01/34		680,182		701,280
6.500%, 06/01/34		215,605		221,964
6.500%, 08/01/34		253,446		260,922
6.500%, 03/01/36		776,126		796,716
6.500%, 04/01/36		335,077		343,967
6.500%, 05/01/36		532,013		546,127
6.500%, 01/01/37		478,781		491,483
6.500%, 02/01/37		2,179,028		2,236,740
6.500%, 04/01/37		542,660		557,026
6.500%, 05/01/37		886,778		910,253
6.500%, 06/01/37		517,916		531,627
6.500%, 07/01/37		757,704		777,763
6.625%, 09/15/09 (a)		3,886,000		4,005,922
7.500%, 10/01/29		85,652		92,689
7.500%, 02/01/30		52,928		57,328
7.500%, 11/01/31		194,240		209,611
7.500%, 02/01/32		56,356		60,816
Government National Mortgage Association 4.500%, 07/20/33		128,965		122,649

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-101

Metropolitan Series Fund, Inc.

MFS Total Return Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Fixed Income—(Continued)

Security Description	Face Amount		Value
Federal Agencies—(Continued)
Government National Mortgage Association
4.500%, 09/15/33	$	541,964	$	518,490
4.500%, 09/20/33		66,570		63,310
4.500%, 12/20/34		66,274		62,998
4.500%, 03/20/35		326,855		310,537
5.000%, 07/20/33		252,703		247,195
5.000%, 03/15/34		240,067		235,934
5.000%, 06/15/34		402,554		395,622
5.000%, 12/15/34		229,814		225,857
5.000%, 06/15/35		88,862		87,304
5.500%, 11/15/32		657,218		660,121
5.500%, 08/15/33		2,762,397		2,772,871
5.500%, 12/15/33		1,044,146		1,048,082
5.500%, 09/15/34		997,271		1,000,585
5.500%, 02/15/35		97,013		97,289
5.500%, 10/15/35		513,607		515,073
6.000%, 12/15/28		194,068		197,957
6.000%, 12/15/31		193,733		197,374
6.000%, 03/15/32		9,759		9,940
6.000%, 10/15/32		742,953		756,682
6.000%, 01/15/33		114,710		116,795
6.000%, 02/15/33		6,062		6,172
6.000%, 04/15/33		752,899		766,576
6.000%, 08/15/33		7,845		7,988
6.000%, 07/15/34		586,018		596,297
6.000%, 09/15/34		487,566		496,119
6.000%, 01/20/35		386,965		392,413
6.000%, 02/20/35		442,786		449,021
6.000%, 04/20/35		244,699		248,144
6.000%, 01/15/38		1,144,163		1,162,982
				254,440,790
Food & Staples Retailing—0.2%
CVS Corp. 6.125%, 08/15/16		1,080,000		1,043,387
The Kroger Co. 5.000%, 04/15/13 (a)		557,000		531,762
Wal-Mart Stores, Inc. 5.250%, 09/01/35		1,830,000		1,462,783
				3,037,932
Food Products—0.1%
Kraft Foods, Inc. 6.125%, 08/23/18		920,000		859,045
Foreign Government—0.4%
Egypt Government AID Bonds 4.450%, 09/15/15		1,903,000		1,955,637
Israel Government International Bond 4.625%, 06/15/13		1,095,000		1,102,698
Province of Ontario Canada 5.000%, 10/18/11 (a)		2,170,000		2,284,641
				5,342,976

Security Description	Face Amount		Value
Government Agency—0.8%
California Educational Facilities Authority 5.000%, 03/15/39	$	2,135,000	$	2,082,778
Financing Corp. 9.650%, 11/02/18		430,000		590,881
Massachusetts Bay Transportation Authority 5.250%, 07/01/33		1,190,000		1,168,877
5.250%, 07/01/33 (b)		595,000		581,255
5.250%, 07/01/34 (b)		650,000		634,699
Massachusetts Health & Educational Facilities Authority 5.500%, 06/01/30		735,000		748,980
5.500%, 06/01/35		1,170,000		1,198,045
Small Business Administration Participation Certificates
4.350%, 07/01/23 (c)		1,378,075		1,307,635
4.770%, 04/01/24		73,865		71,727
4.950%, 03/01/25 (c)		433,977		422,924
4.990%, 09/01/24 (c)		234,204		229,176
5.090%, 10/01/25 (c)		565,366		556,028
5.110%, 08/01/25 (c)		601,760		591,567
5.180%, 05/01/24 (c)		120,762		119,842
5.390%, 12/01/25 (c)		779,655		779,211
5.520%, 06/01/24 (c)		404,981		407,956
U.S. Department of Housing & Urban Development
7.498%, 08/01/11		98,000		101,226
				11,592,807
Health Care Equipment & Supplies—0.1%
Baxter International, Inc. 5.900%, 09/01/16		1,248,000		1,252,714
Health Care Providers & Services—0.1%
Cardinal Health, Inc. 5.800%, 10/15/16		793,000		740,789
HCA, Inc. 8.750%, 09/01/10		112,000		110,320
				851,109
Hotels, Restaurants & Leisure—0.1%
Marriott International, Inc. 6.375%, 06/15/17		1,290,000		1,163,192
Wyndham Worldwide Corp. 6.000%, 12/01/16		1,077,000		918,971
				2,082,163
Household Durables—0.1%
Fortune Brands, Inc. 5.125%, 01/15/11		1,435,000		1,441,812
Insurance—0.3%
American International Group, Inc. 6.250%, 03/15/37		1,510,000		241,929
8.250%, 08/15/18 (b)		660,000		383,442

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-102

Metropolitan Series Fund, Inc.

MFS Total Return Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Fixed Income—(Continued)

Security Description	Face Amount		Value
Insurance—(Continued)
Chubb Corp. 6.375%, 03/29/67 (c)	$	2,110,000	$	1,609,031
Everest Reinsurance Holdings, Inc. 8.750%, 03/15/10		100,000		104,197
Fund American Cos., Inc. 5.875%, 05/15/13		735,000		545,095
ING Groep NV 5.775%, 12/29/49 (c)		1,250,000		998,850
The Allstate Corp. 5.550%, 05/09/35		1,236,000		956,151
				4,838,695
Machinery—0.1%
Kennametal, Inc. 7.200%, 06/15/12		1,284,000		1,328,787
Media—0.3%
CBS Corp. 6.625%, 05/15/11		1,485,000		1,444,009
Cox Communications, Inc. 4.625%, 06/01/13		1,058,000		978,030
Hearst-Argyle Television, Inc. 7.500%, 11/15/27		200,000		200,581
News America Holdings, Inc. 8.500%, 02/23/25		722,000		729,537
Time Warner Entertainment Co., L.P. 8.375%, 07/15/33		1,240,000		1,178,815
				4,530,972
Metals & Mining—0.1%
ArcelorMittal (144A) 6.125%, 06/01/18		1,727,000		1,530,314
Multi-Utilities—0.2%
CenterPoint Energy Resources Corp. 7.875%, 04/01/13		1,293,000		1,327,200
Pacific Gas & Electric Co. 4.800%, 03/01/14		897,000		844,875
				2,172,075
Multiline Retail—0.0%
Federated Retail Holdings, Inc. 5.350%, 03/15/12		480,000		442,027
Office Electronics—0.1%
Xerox Corp. 5.500%, 05/15/12		820,000		781,821
Oil, Gas & Consumable Fuels—0.5%
Enterprise Products Operating, LLC 6.500%, 01/31/19		908,000		845,882
Ocean Energy, Inc. 7.250%, 10/01/11		2,215,000		2,311,964
Pemex Project Funding Master Trust 9.125%, 10/13/10		35,000		37,450

Security Description	Face Amount		Value
Oil, Gas & Consumable Fuels—(Continued)
Ras Laffan Liquefied Natural Gas Co., Ltd. III 5.832%, 09/30/16	$	970,000	$	938,727
Valero Energy Corp. 6.875%, 04/15/12		2,023,000		2,077,307
Weatherford International, Inc. 6.350%, 06/15/17		480,000		444,254
Weatherford International, Ltd. 6.000%, 03/15/18 (a)		1,224,000		1,098,923
				7,754,507
Paper & Forest Products—0.0%
MeadWestvaco Corp. 6.850%, 04/01/12		35,000		35,073
Pharmaceuticals—0.3%
Allergen, Inc. 5.750%, 04/01/16		1,430,000		1,375,264
Hospira, Inc. 5.550%, 03/30/12		530,000		529,709
6.050%, 03/30/17 (c)		1,847,000		1,761,011
				3,665,984
Real Estate Investment Trusts—0.5%
Boston Properties, Inc. 5.000%, 06/01/15		200,000		177,993
HRPT Properties Trust 6.250%, 08/15/16		1,776,000		1,531,729
Prologis 5.750%, 04/01/16 (a)		1,743,000		1,518,759
Simon Property Group, L.P. 5.100%, 06/15/15		2,102,000		1,857,031
5.875%, 03/01/17		1,328,000		1,173,842
Vornado Realty, L.P. 4.750%, 12/01/10		530,000		520,138
				6,779,492
Road & Rail—0.1%
CSX Corp. 6.750%, 03/15/11		92,000		94,017
7.900%, 05/01/17		1,120,000		1,135,165
Norfolk Southern Corp.
7.050%, 05/01/37		360,000		371,342
				1,600,524
Specialty Retail—0.1%
Home Depot, Inc.
5.250%, 12/16/13		454,000		418,077
5.875%, 12/16/36		126,000		88,574
Limited Brands, Inc.
5.250%, 11/01/14 (a)		1,028,000		860,500
				1,367,151
Tobacco—0.2%
Philip Morris International, Inc.
4.875%, 05/16/13		2,160,000		2,128,766

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-103

Metropolitan Series Fund, Inc.

MFS Total Return Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Fixed Income—(Continued)

Security Description	Face Amount		Value
U.S. Treasury—8.8%
U.S. Treasury Bonds
4.500%, 02/15/36 (a)	$	2,609,000	$	2,677,893
5.375%, 02/15/31 (a)		12,741,000		14,477,955
6.000%, 02/15/26 (a)		2,615,000		3,102,860
6.250%, 08/15/23 (a)		1,251,000		1,502,079
U.S. Treasury Notes
3.500%, 05/31/13		3,900,000		3,995,671
3.875%, 02/15/13 (a)		5,448,000		5,668,900
4.000%, 06/15/09 (a)		203,000		206,140
4.000%, 11/15/12 (a)		3,625,000		3,808,798
4.000%, 02/15/15 (a)		5,223,000		5,484,965
4.125%, 08/31/12		7,209,000		7,598,171
4.250%, 08/15/13 (a)		7,846,000		8,328,403
4.500%, 03/31/09 (a)		3,276,000		3,325,396
4.500%, 11/15/15 (a)		800,000		855,250
4.750%, 11/15/08 (a)		10,722,000		10,773,101
4.750%, 08/15/17 (a)		12,315,000		13,201,101
4.875%, 08/15/09 (a)		6,716,000		6,887,574
5.125%, 06/30/11 (a) (c)		764,000		824,344
6.500%, 02/15/10 (a)		31,404,000		33,383,928
				126,102,529
Wireless Telecommunication Services—0.2%
Cingular Wireless, LLC
6.500%, 12/15/11		900,000		916,065
Nextel Communications, Inc.
5.950%, 03/15/14		1,915,000		1,283,050
				2,199,115
Yankee—0.6%
Atlas Copco AB
5.600%, 05/22/17		910,000		884,179
BNP Paribas (144A)
7.195%, 12/31/49 (c)		500,000		347,600
E.ON International Finance BV (144A)
5.800%, 04/30/18		1,330,000		1,271,158
EDP Finance BV
6.000%, 02/02/18		1,061,000		1,015,277
Nexen, Inc.
5.875%, 03/10/35		462,000		345,918
Norsk Hydro A/S
7.750%, 06/15/23		100,000		113,775
Petro-Canada
6.050%, 05/15/18		1,664,000		1,452,524
Rogers Communications, Inc.
6.800%, 08/15/18		1,483,000		1,402,962
Telefonica Europe
7.750%, 09/15/10		650,000		663,624
Vodafone Group, Plc.
5.625%, 02/27/17		370,000		328,893
				7,825,910
Total Fixed Income (Identified Cost $596,948,205)				574,377,483

Short Term Investments—18.3%
Security Description	Face Amount/Shares		Value
Commercial Paper—0.6%
Toyota Motor Credit Corp.
5.000%, 10/01/08	$	8,276,000	$	8,276,000
Mutual Funds—17.7%
State Street Navigator Securities Lending Prime Portfolio (h)		251,797,402		251,797,402
Total Short Term Investments (Identified Cost $260,073,402)				260,073,402
Total Investments—117.3% (Identified Cost $1,784,594,491) (i)				1,671,702,489
Liabilities in excess of other assets				(246,051,104	)
Total Net Assets—100%			$	1,425,651,385

(a) A portion or all of the security was held on loan. As of September 30, 2008, the market value of securities loaned was $259,931,792 and the collateral received consisted of cash in the amount of $251,797,402 and non-cash collateral with a value of $9,271,184. The cash collateral is invested in a money market fund managed by an affiliate of the custodian. The non-cash collateral received consists primarily of government securities and bank letters of credit, and are held for the benefit of the Portfolio at the Portfolio’s custodian.

(b) Non-Income Producing.

(c) Variable or Floating Rate Security. Rate disclosed is as of September 30, 2008.

(d) Non-Income Producing; Defaulted Bond.

(e) Security was valued in good faith under procedures established by the Board of Directors.

(f) Zero Valued Security.

(g) Interest Only Certificate. This security receives monthly interest payments but is not entitled to principal payments.

(h) Represents investment of cash collateral received from securities lending transactions.

(i) The aggregate cost of investments for federal income tax purposes as of September 30, 2008 was $1,785,882,789 and the composition of unrealized appreciation and depreciation of investment securities was $46,596,758 and $(160,777,058), respectively.

(144A)—Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of September 30, 2008, the market value of 144A securities was $16,987,887, which is 1.2% of total net assets.

(ADR)— An American Depositary Receipt is a certificate issued by a custodian bank representing the right to receive securities of the foreign issuer described. Trading on exchanges not located in the United States or Canada significantly influences the value of ADRs.

(CAD)— Canadian Dollar

(CHF)— Swiss Franc

(EUR)— Euro

(GBP)— British Pound

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-104

Metropolitan Series Fund, Inc.

MFS Total Return Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

The Portfolio adopted the provisions of Statement of Financial Accounting Standards No. 157, “Fair Value Measurements” (FAS 157), effective with the beginning of the Portfolio’s fiscal year. FAS 157 establishes a framework for measuring fair value and expands disclosures about fair value measurements in financial statements. Management has evaluated the application of FAS 157 to the Portfolio, and has determined that the adoption of FAS 157 does not have a material impact on the Portfolio’s financial statements. The three levels of the hierarchy under FAS 157 are described below:

Level 1—quoted prices in active markets for identical securities

Level 2—other significant observable inputs (including quoted prices for similar securities, interest rates, credit risk, etc.)

Level 3—significant unobservable inputs (including the Adviser and Subadvisor’s own assumptions in determining the fair value of investments)

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

The following is a summary of the inputs used to value the Portfolio’s net assets as of September 30, 2008:

Valuation Inputs	Investments In Securities		Other Financial Instruments*
Level 1—Quoted Prices	$	1,195,830,330	$	0
Level 2—Other Significant Observable Inputs		475,872,159		0
Level 3—Significant Unobservable Inputs		0		0
Total	$	1,671,702,489	$	0

* Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures, forwards, swap contracts and written options, which are valued based on the unrealized appreciation/depreciation on the instrument.

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-105

Metropolitan Series Fund, Inc.

MFS Value Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Common Stock—99.5% of Total Net Assets

Security Description	Shares	Value
Aerospace & Defense—8.4%
Lockheed Martin Corp.	264,280	$	28,983,588
Northrop Grumman Corp.	248,610		15,050,849
Raytheon Co.	36,330		1,944,018
United Technologies Corp.	228,120		13,700,887
			59,679,342
Auto Components—0.7%
Johnson Controls, Inc. (a)	164,950		5,002,934
Beverages—2.9%
Diageo, Plc. (GBP)	540,610		9,163,797
Molson Coors Brewing Co.	56,390		2,636,232
Pepsi Bottling Group, Inc.	23,720		691,912
PepsiCo, Inc.	117,040		8,341,441
			20,833,382
Building Products—0.4%
Masco Corp. (a)	159,190		2,855,869
Capital Markets—8.2%
Franklin Resources, Inc. (a)	82,740		7,291,876
Invesco, Ltd. (a)	61,090		1,281,668
Merrill Lynch & Co., Inc. (a)	265,430		6,715,379
State Street Corp.	214,730		12,213,843
The Bank of New York Mellon Corp.	448,976		14,627,638
The Goldman Sachs Group, Inc. (a)	126,130		16,144,640
			58,275,044
Chemicals—2.5%
Air Products & Chemicals, Inc. (a)	61,810		4,233,367
PPG Industries, Inc. (a)	231,030		13,473,669
			17,707,036
Commercial Banks—2.0%
PNC Financial Services Group, Inc. (a)	99,680		7,446,096
SunTrust Banks, Inc. (a)	152,070		6,841,629
			14,287,725
Communications Equipment—0.3%
Cisco Systems, Inc. (a) (b)	85,830		1,936,325
Computers & Peripherals—2.5%
Hewlett-Packard Co.	104,090		4,813,122
International Business Machines Corp.	112,550		13,163,848
			17,976,970
Diversified Financial Services—3.0%
Bank of America Corp. (a)	403,487		14,122,045
Deutsche Boerse AG (EUR)	8,160		744,055
JPMorgan Chase & Co. (a)	145,190		6,780,373
			21,646,473
Diversified Telecommunication Services—3.8%
AT&T, Inc.	731,700		20,429,064

Security Description	Shares	Value
Diversified Telecommunication Services—(Continued)
Embarq Corp. (a)	24,313	$	985,892
Rogers Communications, Inc. (CAD)	97,820		3,185,910
Verizon Communications, Inc.	91,130		2,924,362
			27,525,228
Electric Utilities—2.2%
Entergy Corp. (a)	63,730		5,672,607
FPL Group, Inc. (a)	106,300		5,346,890
PPL Corp. (a)	131,420		4,865,169
			15,884,666
Food & Staples Retailing—1.4%
CVS Caremark Corp.	306,578		10,319,415
Food Products—2.8%
Kellogg Co.	164,230		9,213,303
Nestle S.A. (CHF)	241,813		10,506,574
			19,719,877
Health Care Providers & Services—0.9%
UnitedHealth Group, Inc.	113,350		2,877,957
WellPoint, Inc. (b)	69,930		3,270,626
			6,148,583
Hotels, Restaurants & Leisure—0.8%
Royal Caribbean Cruises, Ltd. (a)	262,220		5,441,065
Household Durables—0.1%
Toll Brothers, Inc. (a) (b)	23,720		598,456
Household Products—1.5%
Procter & Gamble Co.	156,780		10,925,998
Industrial Conglomerates—0.9%
3M Co.	93,540		6,389,717
Insurance—7.1%
Aon Corp. (a)	104,770		4,710,459
Genworth Financial, Inc. (Class A)	397,690		3,424,111
Prudential Financial, Inc. (a)	79,610		5,731,920
The Allstate Corp.	564,380		26,029,206
The Chubb Corp. (a)	166,670		9,150,183
The Hartford Financial Services Group, Inc. (a)	48,660		1,994,573
			51,040,452
IT Services—2.8%
Accenture, Ltd. (Class A) (a)	368,840		14,015,920
Automatic Data Processing, Inc.	40,570		1,734,368
The Western Union Co. (a)	117,290		2,893,544
Visa, Inc.	25,300		1,553,167
			20,196,999
Machinery—1.5%
Danaher Corp.	21,600		1,499,040

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-106

Metropolitan Series Fund, Inc.

MFS Value Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Common Stock—(Continued)

Security Description	Shares	Value
Machinery—(Continued)
Eaton Corp.	71,020	$	3,989,903
Ingersoll-Rand Co., Ltd. (Class A)	113,870		3,549,328
Timkin Co. (a)	50,320		1,426,572
			10,464,843
Media—3.4%
Omnicom Group, Inc. (a)	260,420		10,041,795
The Walt Disney Co. (a)	342,291		10,504,911
WPP Group, Plc. (GBP)	494,390		4,017,618
			24,564,324
Multi-Utilities—2.8%
Dominion Resources, Inc.	241,464		10,329,830
PG&E Corp. (a)	133,170		4,987,217
Public Service Enterprise Group, Inc. (a)	150,290		4,928,009
			20,245,056
Multiline Retail—0.6%
Macy’s, Inc. (a)	250,530		4,504,529
Oil, Gas & Consumable Fuels—15.4%
Apache Corp.	99,470		10,372,732
Chevron Corp.	174,404		14,384,842
ConocoPhillips (a)	125,517		9,194,120
Devon Energy Corp.	119,980		10,942,176
EOG Resources, Inc. (a)	74,120		6,630,775
Exxon Mobil Corp.	304,390		23,638,927
Hess Corp. (a)	119,060		9,772,445
Marathon Oil Corp.	123,840		4,937,501
The Williams Cos., Inc.	70,000		1,655,500
Total S.A. (ADR)	300,950		18,261,646
			109,790,664
Pharmaceuticals—6.3%
Abbott Laboratories	66,370		3,821,585
GlaxoSmithKline, Plc. (GBP)	233,830		5,058,572
Johnson & Johnson (a)	145,410		10,074,005
Merck & Co., Inc.	335,690		10,594,376
Pfizer, Inc.	161,930		2,985,989
Wyeth	332,750		12,291,785
			44,826,312
Road & Rail—0.8%
Burlington Northern Santa Fe Corp. (a)	65,790		6,080,970
Semiconductors & Semiconductor Equipment—1.8%
Intel Corp. (a)	671,430		12,575,884
Software—2.4%
Oracle Corp. (b)	862,990		17,527,327
Specialty Retail—1.5%
Staples, Inc. (a)	175,560		3,950,100
The Sherwin-Williams Co. (a)	113,370		6,480,229
			10,430,329

Security Description	Shares		Value
Textiles, Apparel & Luxury Goods—1.6%
Nike, Inc. (a)		170,830	$	11,428,527
Tobacco—4.2%
Altria Group, Inc.		164,540		3,264,474
Lorillard, Inc.		57,090		4,061,953
Philip Morris International, Inc. (a)		467,060		22,465,586
				29,792,013
Trading Companies & Distributors—1.1%
W.W. Grainger, Inc. (a)		87,580		7,616,833
Wireless Telecommunication Services—0.9%
Vodafone Group, Plc. (GBP)		2,816,345		6,230,259
Total Common Stock (Identified Cost $809,693,532)				710,469,426
Short Term Investments—13.0%
Security Description	Face Amount/Shares		Value
Commercial Paper—0.6%
Toyota Motor Credit 1.000%, 10/01/08	$	4,415,000		4,415,000
Mutual Funds—12.4%
State Street Navigator Securities Lending Prime Portfolio (c)		88,331,449		88,331,449
Total Short Term Investments (Identified Cost $92,746,449)				92,746,449
Total Investments—112.5% (Identified Cost $902,439,981) (d)				803,215,875
Liabilities in excess of other assets				(88,969,068	)
Total Net Assets—100%			$	714,246,807

(a) A portion or all of the security was held on loan. As of September 30, 2008, the market value of securities loaned was $92,549,144 and the collateral received consisted of cash in the amount of $88,331,449. The cash collateral is invested in a money market fund managed by an affiliate of the custodian.

(b) Non-Income Producing.

(c) Represents investment of cash collateral received from securities lending transactions.

(d) The aggregate cost of investments for federal income tax purposes as of September 30, 2008 was $902,439,981 and the composition of unrealized appreciation and depreciation of investment securities was $14,407,216 and $(113,631,322), respectively.

(ADR)— An American Depositary Receipt is a certificate issued by a custodian bank representing the right to receive securities of the foreign issuer described. Trading on exchanges not located in the United States or Canada significantly influences the value of ADRs.

(CAD)— Canadian Dollar

(CHF)— Swiss Franc

(EUR)— Euro

(GBP)— British Pound

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-107

Metropolitan Series Fund, Inc.

MFS Value Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

The Portfolio adopted the provisions of Statement of Financial Accounting Standards No. 157, “Fair Value Measurements” (FAS 157), effective with the beginning of the Portfolio’s fiscal year. FAS 157 establishes a framework for measuring fair value and expands disclosures about fair value measurements in financial statements. Management has evaluated the application of FAS 157 to the Portfolio, and has determined that the adoption of FAS 157 does not have a material impact on the Portfolio’s financial statements. The three levels of the hierarchy under FAS 157 are described below:

Level 1—quoted prices in active markets for identical securities

Level 2—other significant observable inputs (including quoted prices for similar securities, interest rates, credit risk, etc.)

Level 3—significant unobservable inputs (including the Adviser and Subadvisor’s own assumptions in determining the fair value of investments)

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

The following is a summary of the inputs used to value the Portfolio’s net assets as of September 30, 2008:

Valuation Inputs	Investments In Securities		Other Financial Instruments*
Level 1—Quoted Prices	$	759,894,090	$	0
Level 2—Other Significant Observable Inputs		43,321,785		0
Level 3—Significant Unobservable Inputs		0		0
Total	$	803,215,875	$	0

* Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures, forwards, swap contracts and written options, which are valued based on the unrealized appreciation/depreciation on the instrument.

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-108

Metropolitan Series Fund, Inc.

Morgan Stanley EAFE Index Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Common Stock—98.2% of Total Net Assets

Security Description	Shares	Value
Australia—5.8%
AGL Energy, Ltd. (a)	27,513	$	303,803
Alumina, Ltd. (a)	77,975		196,084
Amcor, Ltd.	57,157		251,572
AMP, Ltd.	121,108		693,353
Ansell, Ltd.	1		10
Asciano Group, Ltd. (a)	33,157		86,529
ASX, Ltd. (a)	11,184		274,820
Australia & New Zealand Banking Group, Ltd.	118,945		1,840,115
AXA Asia Pacific Holdings, Ltd.	50,272		207,630
Bendigo Bank, Ltd. (a)	16,859		161,155
BHP Billiton, Ltd.	206,538		5,309,474
Billabong International, Ltd. (a)	10,907		119,375
BlueScope Steel, Ltd. (a)	43,389		255,909
Boart Longyear Group (b)	89,441		81,559
Boral, Ltd. (a)	33,631		168,625
Brambles Ltd.	89,667		559,970
CFS Retail Property Trust (REIT) (a)	95,649		174,156
Coca-Cola Amatil, Ltd.	30,998		206,291
Cochlear, Ltd.	2,939		140,394
Commonwealth Bank of Australia	82,153		2,884,378
Computershare, Ltd.	29,681		223,312
Crown, Ltd.	29,464		203,821
CSL, Ltd.	37,049		1,116,662
CSR, Ltd.	79,151		159,813
DB RREEF Trust (REIT) (a)	188,026		218,743
Fairfax Media, Ltd. (a)	84,531		181,040
Fortescue Metals Group, Ltd. (a) (b)	82,630		315,851
Foster’s Group, Ltd.	113,327		495,462
Futuris Corp., Ltd.	1		1
Incitec Pivot	75,600		312,435
Insurance Australia Group, Ltd. (a)	111,884		369,894
Leighton Holdings, Ltd. (a)	9,786		301,792
Lend Lease Corp., Ltd. (a)	20,464		151,506
Lion Nathan, Ltd. (a)	21,432		159,319
Macquarie Airports	45,144		100,176
Macquarie Group, Ltd. (a)	17,263		539,261
Macquarie Infrastructure Group (a)	183,237		349,401
Metcash, Ltd. (a)	49,589		156,167
Mirvac Group (REIT) (a)	76,884		155,538
National Australia Bank, Ltd.	101,103		2,055,828
Newcrest Mining, Ltd.	28,699		630,193
OneSteel, Ltd.	52,833		195,253
Orica, Ltd. (a)	21,486		366,219
Origin Energy, Ltd.	51,589		660,747
Oxiana, Ltd. (a)	189,734		247,949
Paladin Resources, Ltd. (a)	29,852		94,565
Qantas Airways, Ltd.	58,796		149,037
QBE Insurance Group, Ltd.	56,197		1,215,196
Rio Tinto, Ltd. (a)	17,460		1,202,349
Santos, Ltd.	36,830		572,468
Sims Group, Ltd.	9,738		226,147
Sonic Healthcare, Ltd. (a)	16,937		177,963
St. George Bank, Ltd. (a)	34,706		812,683
Suncorp-Metway, Ltd.	59,372		455,650
TABCORP Holdings, Ltd. (a)	29,263		188,563
Tattersall’s, Ltd. (a)	76,330		144,018
Telstra Corp., Ltd. (a)	286,849		962,558

Security Description	Shares	Value
Australia—(Continued)
Toll Holdings, Ltd. (a)	33,157	$	185,937
Transurban Group (a)	68,623		312,282
Wesfarmers, Ltd. (a)	38,426		875,728
Wesfarmers, Ltd. (Price Protected Shares) (b)	11,090		250,352
Westpac Banking Corp.	114,691		2,031,147
Woodside Petroleum, Ltd.	29,175		1,199,807
Woolworths, Ltd.	75,638		1,636,499
WorleyParsoms, Ltd.	10,634		263,028
			36,537,562
Austria—0.5%
Andritz AG (a)	2,729		117,291
Erste Bank der oesterreichischen Sparkassen AG (a)	12,016		605,717
Immoeast AG	28,570		73,012
IMMOFINANZ AG	26,048		91,605
Meinl European Land, Ltd. (a)	22,315		168,835
OMV AG	9,729		408,277
Raiffeisen International Bank Holding AG (a)	3,451		250,953
Strabag SE	3,164		140,613
Telekom Austria AG (a)	21,249		374,539
Verbund-Oesterreichische Elektrizitaetswirtschafts AG (Class A) (a)	4,650		286,991
Voestalpine AG (a)	7,335		229,478
Wiener Staedtische Versicherung AG	2,014		101,623
Wienerberger AG (a)	4,887		132,859
			2,981,793
Belgium—0.9%
Belgacom S.A.	10,680		404,471
Colruyt S.A. (a)	1,086		271,133
Delhaize Group	6,756		393,769
Dexia S.A. (a)	32,440		356,455
Fortis	137,599		865,057
Fortis Bank S.A. (b) (c) (d)	5		0
Groupe Bruxelles Lambert S.A.	4,622		399,182
InBev NV	10,975		647,979
KBC Ancora	1,932		127,898
KBC Groep NV	10,239		890,564
Mobistar S.A.	1,431		100,190
Nationale A Portefeuille	2,443		161,815
Solvay S.A. (a)	3,502		430,349
UCB S.A.	6,793		241,533
Umicore S.A.	6,589		204,585
			5,494,980
Bermuda—0.4%
Cheung Kong Infrastructure Holdings, Ltd. (HKD)	33,000		154,346
Esprit Holdings, Ltd. (HKD) (a)	65,100		399,887
Frontline, Ltd. (NOK)	3,220		153,157
Kerry Properties, Ltd. (HKD)	46,500		151,619
Li & Fung, Ltd. (HKD)	150,800		368,218
Mongolia Energy Co., Ltd. (HKD) (b)	228,000		121,480
Noble Group, Ltd. (SGD)	122,000		115,291
NWS Holdings, Ltd. (HKD)	62,000		111,121
Pacific Basin Shipping, Ltd. (HKD) (a)	108,000		89,824
SeaDrill, Ltd. (NOK)	18,268		374,451

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-109

Metropolitan Series Fund, Inc.

Morgan Stanley EAFE Index Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Common Stock—(Continued)

Security Description	Shares	Value
Bermuda—(Continued)
Shangri-La Asia, Ltd. (HKD)	101,114	$	145,052
Yue Yuen Industrial Holdings, Ltd. (HKD)	50,500		137,853
			2,322,299
Cayman Islands—0.0%
Hutchison Tellecommunications (HKD)	123,000		138,738
Kingboard Chemical Holdings, Ltd. (HKD)	45,000		152,430
			291,168
Denmark—0.9%
AP Moller-Maersk A/S (Series A)	35		303,126
AP Moller-Maersk A/S (Series B)	72		629,069
Carlsberg A/S (Class B) (a)	4,506		344,581
Coloplast A/S	2,044		151,364
Danisco A/S (a)	3,322		187,480
Danske Bank A/S (a)	26,805		646,871
DSV A/S	12,153		193,973
FLSmidth & Co. A/S	3,194		162,487
Jyske Bank A/S	3,993		201,585
Novo Nordisk A/S	28,025		1,435,769
Novozymes A/S (Series B) (a)	3,213		286,073
Sydbank A/S (a)	4,663		140,251
Topdanmark A/S (a)	1,150		164,532
TrygVesta A/S (a)	2,044		131,477
Vestas Wind Systems A/S	11,106		967,095
			5,945,733
Finland—1.4%
Elisa Oyj (a)	11,157		219,988
Fortum Oyj	27,597		931,281
Kesko Oyj (a)	4,472		114,697
Kone Oyj	10,280		281,501
Metso Oyj	8,217		202,150
Neste Oil Oyj (a)	7,224		151,142
Nokia Oyj	234,696		4,376,147
Nokian Renkaat Oyj	5,781		140,533
Outokumpu Oyj (a)	6,340		101,733
Pohjola Bank, Plc. (a)	7,483		109,593
Rautaruukki Oyj	5,366		107,636
Sampo Oyj	27,863		636,414
Stora Enso Oyj (a)	40,497		399,453
UPM-Kymmene Oyj (a)	32,997		519,058
Wartsila Oyj (a)	5,341		227,003
YIT Oyj	9,481		99,218
			8,617,547
France—10.0%
Accor S.A. (a)	12,073		648,453
Aeroports de Paris (a)	2,209		184,070
Air France-KLM (a)	7,711		177,906
Air Liquide S.A. (a)	15,382		1,692,772
Alcatel-Lucent	146,253		570,157
Alstom (a)	12,974		978,542
Atos Origin S.A. (a)	3,727		163,479
AXA S.A. (a)	95,193		3,121,260

Security Description	Shares	Value
France—(Continued)
BNP Paribas (a)	49,773	$	4,785,694
Bouygues	15,053		686,558
Bureau Veritas S.A. (b)	2,571		130,869
Cap Gemini S.A. (a)	8,581		408,328
Carrefour S.A. (a)	39,182		1,849,586
Casino Guichard-Perrachon S.A.	3,089		276,995
Christian Dior S.A.	3,396		259,672
Cie de Saint-Gobain (a)	17,609		920,504
Cie Generale d’Optique Essilor International S.A. (a)	12,229		611,625
Cie Generale de Geophysique-Veritas (b)	8,270		260,411
CNP Assurances	2,630		297,096
Compagnie Générale des Etablissements Michelin (Class B) (a)	9,437		619,265
Credit Agricole S.A. (a)	54,174		1,052,368
Dassault Systemes S.A. (a)	4,077		218,174
Eiffage S.A. (a)	2,346		125,962
Electricite de France	12,399		898,575
Eramet	324		123,452
Eurazeo	1,606		136,452
Eutelsat Communications (b)	5,527		146,945
France Telecom S.A.	112,853		3,160,894
Gaz de France S.A. (a)	67,559		3,535,690
Gecina S.A. (REIT)	991		107,493
Groupe Danone (a)	26,776		1,897,675
Hermes International (a)	4,408		720,826
ICADE	1,079		87,671
Imerys S.A. (a)	1,222		70,691
Klepierre (REIT)	4,415		173,547
L’Oreal S.A. (a)	14,696		1,451,472
Lafarge S.A. (a)	9,367		988,588
Lagardere S.C.A. (a)	8,303		375,291
Legrand S.A.	5,988		135,958
LVMH Moet Hennessy Louis Vuitton S.A.	15,517		1,370,349
Natixis (a)	61,277		206,168
Neopost S.A.	1,562		147,082
PagesJaunes Groupe S.A. (a)	6,661		93,361
Pernod-Ricard S.A. (a)	10,116		889,511
Peugoet S.A. (a)	8,508		323,160
Pinault-Printemps-Redoute S.A. (a)	4,886		438,866
Publicis Groupe	7,880		248,081
Renault S.A.	11,630		751,636
Safran S.A. (a)	14,320		249,059
Sanofi-Aventis S.A. (a)	64,836		4,262,518
Schneider Electric S.A. (a)	14,039		1,217,975
Scor SE	11,686		229,668
Societe Television Francaise 1 (a)	9,194		162,701
Société Générale	29,082		2,640,376
Sodexho Alliance S.A.	5,937		351,868
Suez Environment S.A. (b)	16,271		405,679
Technip S.A.	6,217		349,311
Thales S.A.	5,108		259,251
Total S.A.	133,003		8,025,614
Unibail-Rodamco (REIT) (a)	5,058		1,030,588
Valeo S.A. (a)	3,767		114,741
Vallourec	3,284		714,382
Veolia Environnement S.A.	23,280		960,198

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-110

Metropolitan Series Fund, Inc.

Morgan Stanley EAFE Index Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Common Stock—(Continued)

Security Description	Shares	Value
France—(Continued)
Vinci S.A. (a)	25,227	$	1,192,101
Vivendi	71,792		2,246,989
Wendel (a)	1,736		139,141
Zodiac S.A. (a)	1,489		71,404
			63,142,744
Germany—8.2%
Adidas AG (a)	12,448		668,654
Allianz SE	28,170		3,874,978
BASF AG	59,376		2,846,145
Bayer AG	47,173		3,443,905
Bayerische Motoren Werke AG	20,475		798,753
Beiersdorf AG (a)	5,572		356,695
Bilfinger Berger AG	2,232		116,827
Celesio AG	5,284		231,857
Commerzbank AG	38,831		579,945
Daimler AG (a)	53,536		2,706,188
Deutsche Bank AG	31,009		2,206,607
Deutsche Boerse AG	12,158		1,108,605
Deutsche Lufthansa AG	12,402		243,998
Deutsche Post AG	52,248		1,102,293
Deutsche Postbank AG (a)	5,103		194,495
Deutsche Telekom AG	171,920		2,638,758
E.ON AG	116,496		5,900,786
Fraport AG Frankfurt Airport Services	2,305		137,881
Fresenius Medical Care AG	11,520		593,234
Fresenius SE	1,704		124,529
GEA Group AG	10,696		208,504
Hannover Rueckversicherung AG	3,778		137,757
HeidelbergCement AG	1,561		165,912
Henkel KGaA	6,949		215,176
Hochtief AG (a)	2,252		107,545
Hypo Real Estate Holding AG (a)	10,137		59,458
Infineon Technologies AG (a) (b)	48,636		274,904
K&S AG	8,768		613,774
Linde AG (a)	8,228		882,535
MAN AG	6,440		432,671
Merck KGaA (a)	4,173		448,072
Metro AG	7,039		352,607
Müenchener Rüeckversicherungs AG (a)	12,611		1,904,196
Puma AG Rudolf Dassler Sport	444		121,289
Q-Cells AG (a) (b)	3,759		315,872
Rheinmetall AG	2,165		115,729
RWE AG	27,981		2,690,856
Salzgitter AG	2,440		246,528
SAP AG (a)	52,998		2,846,393
Siemens AG	53,964		5,065,657
SolarWorld AG (a)	4,671		197,087
ThyssenKrupp AG	22,242		669,653
TUI AG (a)	13,050		217,214
United Internet AG	7,900		85,412
Volkswagen AG (a)	8,995		3,539,294
Wacker Chemie AG	978		139,889
			51,929,117

Security Description	Shares	Value
Greece—0.6%
Alpha Bank A.E.	23,734	$	521,931
Coca-Cola Hellenic Bottling Co. S.A.	11,079		239,886
EFG Eurobank Ergasias S.A.	21,566		397,416
Hellenic Telecommunications Organization S.A.	15,027		268,492
Marfin Investment Group S.A.	42,239		304,954
National Bank of Greece S.A.	30,833		1,267,670
OPAP S.A.	15,100		462,284
Piraeus Bank S.A.	18,399		386,544
Public Power Corp. S.A.	7,286		113,206
Titan Cement Co. S.A.	3,910		128,781
			4,091,164
Hong Kong—1.7%
Bank of East Asia, Ltd.	101,200		315,594
BOC Hong Kong Holdings, Ltd.	253,965		452,329
Cathay Pacific Airways, Ltd. (a)	87,000		148,745
Cheung Kong Holdings, Ltd.	88,000		997,965
CLP Holdings, Ltd. (a)	130,877		1,056,709
Hang Lung Group, Ltd.	60,000		190,158
Hang Lung Properties, Ltd.	128,000		301,817
Hang Seng Bank, Ltd. (a)	49,400		922,365
Henderson Land Development Co., Ltd.	73,000		325,526
Hong Kong & China Gas Co. (a)	238,195		542,622
Hong Kong Exchanges & Clearing, Ltd. (a)	67,500		838,642
HongKong Electric Holdings (a)	93,049		585,554
Hopewell Holdings	50,000		179,810
Hutchison Whampoa, Ltd.	130,000		989,446
MTR Corp. (a)	75,500		222,627
New World Development, Ltd.	174,354		194,480
PCCW, Ltd.	269,794		112,608
Sino Land Co. (a)	104,000		117,154
Sun Hung Kai Properties, Ltd.	91,000		934,187
Swire Pacific, Ltd.	47,817		421,387
The Link (REIT) (a)	148,141		306,448
Wharf Holdings, Ltd.	95,433		272,574
Wheelock & Co., Ltd. (a)	68,000		123,523
Wing Hang Bank, Ltd.	14,500		111,146
			10,663,416
Ireland—0.4%
Allied Irish Banks, Plc.	60,464		520,428
Anglo Irish Bank Corp., Plc.	48,661		274,218
Bank of Ireland	71,813		412,966
CRH, Plc.	34,755		756,498
Elan Corp., Plc.	32,780		345,132
Kerry Group, Plc.	9,378		274,822
			2,584,064
Italy—3.6%
A2A S.p.A. (a)	83,970		213,064
Alleanza Assicurazioni S.p.A. (a)	25,301		231,373
Assicuraziono Generali S.p.A. (a)	64,303		2,128,814
Atlantia S.p.A. (a)	16,870		346,612
Banca Carige S.p.A.	49,591		162,902
Banca Monte dei Paschi di Siena S.p.A. (a)	159,047		392,903
Banca Popolare di Milano Scarl	27,586		235,050

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-111

Metropolitan Series Fund, Inc.

Morgan Stanley EAFE Index Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Common Stock—(Continued)

Security Description	Shares	Value
Italy—(Continued)
Banco Popolare Scarl	42,175	$	657,293
Enel S.p.A.	271,529		2,263,899
Eni S.p.A.	160,863		4,246,747
FIAT S.p.A. (a)	45,156		601,762
Finmeccanica S.p.A. (a)	21,168		455,347
Fondiaria-Sai S.p.A.	4,556		106,807
IFIL—Investments S.p.A. (a)	22,340		101,161
Intesa Sanpaolo S.p.A.	484,200		2,643,597
Intesa Sanpaolo S.p.A.- RNC	56,998		270,770
Italcementi S.p.A.	1		12
Lottomatica S.p.A. (a)	4,311		112,545
Luxottica Group S.p.A. (a)	9,343		213,625
Mediaset S.p.A.	51,298		325,041
Mediobanca S.p.A.	28,576		384,453
Parmalat S.p.A. (a) (b)	100,163		237,933
Pirelli & Co. S.p.A.	186,132		108,968
Prysmian S.p.A. (b)	5,641		110,134
Saipem S.p.A.	16,902		500,147
Snam Rete Gas S.p.A. (a)	57,394		345,549
Telecom Italia S.p.A.	622,386		928,844
Telecom Italia S.p.A.-RNC	396,854		448,999
Terna Rete Elettrica Nazionale S.p.A. (a)	79,134		289,995
UniCredito Italiano S.p.A.	703,306		2,598,374
Unione di Banche Italiane SCPA (a)	37,720		823,615
			22,486,335
Japan—21.6%
Advantest Corp. (a)	11,800		251,504
Aeon Co., Ltd. (a)	40,400		412,081
Aeon Mall Co., Ltd.	4,700		140,480
Aioi Insurance Co., Ltd.	32,000		159,490
Aisin Seiki Co., Ltd.	11,400		279,444
Ajinomoto Co., Inc. (a)	46,000		438,276
Alfresa Holdings Corp.	2,200		107,294
All Nippon Airways Co., Ltd.	40,000		143,318
Amada Co., Ltd.	27,000		149,393
Asahi Breweries, Ltd. (a)	22,100		388,213
Asahi Glass Co., Ltd. (a)	60,000		533,720
Asahi Kasei Corp. (a)	79,000		335,719
Astellas Pharma, Inc.	31,600		1,333,055
Benesse Corp.	5,000		204,907
Bridgestone Corp. (a)	38,000		715,483
Brother Industries, Ltd.	16,400		173,344
Canon, Inc.	65,100		2,443,664
Casio Computer Co., Ltd. (a)	18,100		170,735
Central Japan Railway Co.	95		900,202
Chubu Electric Power Co., Inc. (a)	43,800		1,038,421
Chugai Pharmaceutical Co., Ltd. (a)	15,100		246,608
Chuo Mitsui Trust Holdings, Inc.	60,262		324,035
Citizen Holdings Co., Ltd. (a)	26,900		186,564
Credit Saison Co., Ltd.	10,500		171,500
Dai Nippon Printing Co., Ltd.	40,000		543,672
Daihatsu Motor Co., Ltd. (a)	14,000		153,020
Daiichi Sankyo Co., Ltd.	44,700		1,145,670
Daikin Industries, Ltd.	16,800		572,579
Daito Trust Construction Co., Ltd.	6,400		240,260

Security Description	Shares	Value
Japan—(Continued)
Daiwa House Industry Co., Ltd. (a)	29,000	$	277,555
Daiwa Securities Group, Inc.	87,000		625,947
Denso Corp.	30,100		742,218
Dentsu, Inc. (a)	142		285,539
East Japan Railway Co.	210		1,571,733
Eisai Co., Ltd.	16,600		647,864
Electric Power Development Co., Ltd.	8,800		285,539
Elpida Memory, Inc. (a)	6,300		116,719
FamilyMart Co., Ltd.	4,300		182,531
Fanuc, Ltd.	12,600		954,215
Fast Retailing Co., Ltd. (a)	3,100		316,358
Fuji Heavy Industries, Ltd. (a)	42,000		212,969
FUJIFILM Holdings Corp.	30,800		801,410
Fujitsu, Ltd.	115,000		645,012
Fukuoka Financial Group, Inc.	53,000		196,928
Hankyu Hanshin Holdings, Inc. (a)	76,000		350,894
Hirose Electric Co., Ltd. (a)	2,200		210,895
Hisamitsu Pharmaceutical Co., Inc.	4,700		204,846
Hitachi Chemical Co., Ltd.	8,000		106,683
Hitachi Construction Machinary Co., Ltd.	6,400		157,987
Hitachi Metals, Ltd.	12,000		143,357
Hitachi, Ltd.	214,000		1,477,550
Hokkaido Electric Power Co., Inc.	13,800		289,279
Hokuhoku Financial Group, Inc.	76,000		167,858
Hokuriku Electric Power Co.	12,000		289,596
Honda Motor Co., Ltd.	102,600		3,059,487
Hoya Corp.	26,300		523,122
Ibiden Co., Ltd.	8,100		198,089
Idemitsu Kosan Co., Ltd.	1,600		130,719
Ihi Corp. (a)	99,000		155,887
Inpex Holdings, Inc.	53		460,883
Isetan Mitsukoshi Holdings, Ltd.	22,400		264,590
Isuzu Motors, Ltd.	84,000		232,985
Itochu Corp.	90,000		546,221
J Front Retailing Co., Ltd. (a)	30,000		174,630
Japan Airlines Corp.	71,000		146,651
Japan Petroleum Exploration Co.	2,100		108,333
Japan Real Estate Investment Corp. (REIT) (a)	27		217,857
Japan Tobacco, Inc.	287		1,084,846
JFE Holding, Inc.	32,700		1,021,268
JGC Corp.	13,000		206,749
JS Group Corp. (a)	14,600		185,108
JSR Corp.	11,300		149,074
JTEKT Corp. (a)	12,600		145,307
Jupiter Telecommunications Co., Ltd. (b)	191		138,166
Kajima Corp. (a)	59,000		179,992
Kamigumi Co., Ltd.	21,000		157,654
Kaneka Corp.	20,000		111,149
Kao Corp.	33,000		887,601
Kawasaki Heavy Industries, Ltd.	80,000		170,429
Kawasaki Kisen Kaisha, Ltd.	41,000		253,487
KDDI Corp.	184		1,034,724
Keihin Electric Express Railway Co., Ltd. (a)	25,000		164,158
Keio Corp. (a)	32,000		173,197
Keyence Corp.	2,400		479,292
Kikkoman Corp.	11,000		148,654
Kintetsu Corp. (a)	102,120		358,293

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-112

Metropolitan Series Fund, Inc.

Morgan Stanley EAFE Index Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Common Stock—(Continued)

Security Description	Shares	Value
Japan—(Continued)
Kirin Holdings Co., Ltd.	47,000	$	620,531
Kobe Steel, Ltd.	177,000		359,026
Komatsu, Ltd.	57,100		927,977
Konami Corp. (a)	8,300		209,751
Konica Minolta Holdings, Inc.	28,000		324,033
Kubota Corp.	75,000		474,365
Kuraray Co., Ltd.	24,500		242,487
Kurita Water Industries, Ltd. (a)	7,100		166,707
Kyocera Corp. (a)	10,000		761,167
Kyowa Hakko Kogyo Co., Ltd.	20,000		211,874
Kyushu Electric Power Co., Inc.	25,800		542,238
Lawson, Inc.	4,900		228,000
Makita Corp.	9,400		192,742
Marubeni Corp.	112,000		508,010
Marui Group Co., Ltd. (a)	13,400		101,105
Matsushita Electric Industrial Co., Ltd.	115,000		2,003,842
Matsushita Electric Works, Ltd. (a)	24,000		214,749
Mazda Motor Corp.	62,000		252,162
Mediceo Paltac Holdings Co., Ltd. (a)	11,100		136,196
Millea Holdings, Inc. (d)	43,900		1,599,452
Mitsubishi Chemical Holdings Corp.	88,000		467,806
Mitsubishi Corp.	85,900		1,794,730
Mitsubishi Electric Corp.	122,000		825,365
Mitsubishi Estate Co., Ltd.	75,000		1,479,791
Mitsubishi Gas & Chemical Co., Inc.	26,000		125,882
Mitsubishi Heavy Industries, Ltd.	204,000		885,274
Mitsubishi Materials Corp.	79,000		249,509
Mitsubishi Motors Corp. (a) (b)	237,000		399,050
Mitsubishi Tanabe Pharma Corp.	17,000		235,562
Mitsubishi UFJ Financial Group, Inc.	638,988		5,561,378
Mitsubishi UFJ Lease & Finance Co., Ltd.	4,150		137,722
Mitsui & Co., Ltd.	109,317		1,356,214
Mitsui Chemicals, Inc.	52,000		230,293
Mitsui Fudosan Co., Ltd.	51,000		985,777
Mitsui OSK Lines, Ltd.	75,000		651,611
Mitsui Sumitomo Insurance Group	24,000		814,948
Mitsumi Electric Co., Ltd. (a)	5,700		144,507
Mizuho Financial Group, Inc. (a)	602		2,651,782
Mizuho Trust & Banking Co., Ltd.	107,000		147,178
Murata Manufacturing Co., Ltd.	14,100		568,030
Namco Bandai Holdings, Inc. (a)	12,500		136,303
NEC Corp. (a)	120,000		510,901
NGK Insulators, Ltd.	17,000		207,326
NGK Spark Plug Co., Ltd. (a)	10,000		97,844
Nidec Corp.	7,100		438,451
Nikon Corp. (a)	23,000		548,917
Nintendo Co., Ltd.	6,200		2,591,322
Nippon Building Fund, Inc. (REIT)	35		337,632
Nippon Electric Glass Co., Ltd.	23,000		208,824
Nippon Express Co., Ltd.	48,000		215,378
Nippon Meat Packers, Inc. (a)	14,000		213,526
Nippon Mining Holdings, Inc.	51,000		208,040
Nippon Oil Corp.	90,000		456,831
Nippon Paper Group, Inc. (a)	63		184,691
Nippon Sheet Glass Co., Ltd.	35,000		181,324
Nippon Steel Corp. (a)	319,000		1,212,612
Nippon Telephone & Telegraph Corp.	319		1,426,580

Security Description	Shares	Value
Japan—(Continued)
Nippon Yusen K.K. (a)	75,000	$	488,458
NIPPONKOA Insurance Co., Ltd.	44,000		249,084
Nissan Motor Co., Ltd. (a)	146,500		986,849
Nisshin Seifun Group, Inc.	13,000		174,851
Nisshin Steel Co., Ltd. (a)	35,000		67,505
Nissin Food Products Co., Ltd. (a)	6,400		228,710
Nitori Co., Ltd.	2,950		173,952
Nitto Denko Corp. (a)	10,100		257,513
Nomura Holdings, Inc.	109,200		1,414,941
Nomura Real Estate Office Fund, Inc. (REIT)	20		137,222
Nomura Research Institute, Ltd.	9,600		195,726
NSK, Ltd. (a)	37,000		215,231
NTN Corp. (a)	25,000		131,052
NTT Data Corp. (a)	80		314,195
NTT DoCoMo, Inc. (a)	990		1,602,882
Obayashi Corp.	51,000		261,293
Odakyu Electric Railway Co., Ltd. (a)	35,000		260,108
OJI Paper Co., Ltd. (a)	63,000		315,417
Olympus Corp. (a)	16,000		469,673
Omron Corp.	13,600		209,753
Ono Pharmaceutical Co., Ltd.	6,400		297,437
Oriental Land Co., Ltd. (a)	3,400		230,683
ORIX Corp.	5,960		740,003
Osaka Gas Co., Ltd.	134,000		460,640
Rakuten, Inc. (a)	385		218,478
Resona Holdings, Inc. (a)	303		403,180
Ricoh Co., Ltd.	45,000		628,200
Rohm Co., Ltd.	7,200		396,755
Sankyo Co., Ltd.	3,600		184,343
Santen Pharmaceutical Co., Ltd.	5,500		139,396
Sanyo Electric Co., Ltd. (a)	110,000		191,694
Sapporo Holdings, Ltd.	19,000		141,829
SBI Holdings, Inc. (a)	1,149		172,715
Secom Co., Ltd.	13,500		566,672
Sega Sammy Holdings, Inc. (a)	13,400		120,265
Seiko Epson Corp. (a)	8,600		199,171
Sekisui Chemical Co., Ltd.	38,000		227,477
Sekisui House, Ltd. (a)	26,000		239,683
Seven & I Holdings Co., Ltd.	53,800		1,554,703
Sharp Corp.	65,000		704,398
Shikoku Electric Power Co., Inc. (a)	12,400		313,742
Shimadzu Corp.	18,000		145,309
Shimano, Inc. (a)	5,500		189,495
Shimizu Corp. (a)	37,000		177,876
Shin-Etsu Chemical Co., Ltd.	26,300		1,257,157
Shinsei Bank, Ltd. (a)	101,000		310,128
Shionogi & Co., Ltd.	19,000		385,989
Shiseido Co., Ltd. (a)	21,000		472,252
Showa Denko K.K.	83,000		175,686
Showa Shell Sekiyu K.K.	14,000		135,742
SMC Corp.	4,000		420,163
Softbank Corp. (a)	48,100		624,251
Sojitz Corp.	70,500		163,433
Sompo Japan Insurance, Inc.	51,000		430,423
Sony Corp.	63,000		1,956,140
Sony Financial Holdings, Inc.	64		253,641
Square Enix Co., Ltd.	4,600		134,846

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-113

Metropolitan Series Fund, Inc.

Morgan Stanley EAFE Index Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Common Stock—(Continued)

Security Description	Shares	Value
Japan—(Continued)
Stanley Electric Co., Ltd.	11,800	$	173,145
Sumco Corp. (a)	8,200		129,550
Sumitomo Chemical Co., Ltd.	100,000		437,547
Sumitomo Corp. (a)	67,700		633,361
Sumitomo Electric Industries, Ltd.	51,134		558,292
Sumitomo Heavy Industries, Ltd.	46,000		221,131
Sumitomo Metal Industries, Ltd.	239,000		730,902
Sumitomo Metal Mining Co., Ltd. (a)	34,000		339,636
Sumitomo Mitsui Financial Group, Inc. (a)	414		2,604,064
Sumitomo Realty & Development Co., Ltd.	25,000		546,470
Suzuken Co., Ltd.	5,574		169,947
Suzuki Motor Corp. (a)	22,700		423,218
T&D Holdings, Inc.	12,400		663,897
Taisei Corp. (a)	69,000		182,385
Taisho Pharmaceutical Co., Ltd.	10,000		198,533
Taiyo Nippon Sanso Corp. (a)	18,000		143,236
Takashimaya Co., Ltd. (a)	17,000		148,975
Takeda Pharmaceutical Co., Ltd.	52,200		2,639,495
TDK Corp.	7,200		362,233
Teijin, Ltd. (a)	66,000		199,213
Terumo Corp.	10,000		517,058
The 77 Bank, Ltd.	20,000		100,819
The Bank of Kyoto, Ltd.	22,000		225,586
The Bank of Yokohama, Ltd.	83,000		404,259
The Chiba Bank, Ltd.	47,000		243,654
The Chugoku Bank, Ltd.	12,000		168,642
The Chugoku Electric Power Co., Inc. (a)	18,300		376,680
The Furukawa Electric Co., Ltd.	38,000		168,015
The Gunma Bank, Ltd. (a)	26,000		148,221
The Hachijuni Bank, Ltd.	30,000		159,800
The Hiroshima Bank, Ltd. (a)	38,000		141,668
The Iyo Bank, Ltd.	17,000		186,524
The Japan Steel Works, Ltd. (a)	21,000		263,094
The Joyo Bank, Ltd. (a)	40,000		182,952
The Kansai Electric Power Co., Inc. (a)	48,300		1,076,233
The Nishi-Nippon Bank, Ltd.	52,000		130,679
The Shizuoka Bank, Ltd. (a)	41,000		405,340
The Sumitomo Trust & Banking Co., Ltd.	91,000		606,126
The Suruga Bank, Ltd. (a)	17,000		195,713
The Tokyo Electric Power Co., Inc.	77,400		1,915,144
THK Co., Ltd.	7,700		120,060
Tobu Railway Co., Ltd. (a)	52,000		253,375
Toho Co., Ltd. (a)	9,467		197,492
Toho Gas Co., Ltd. (a)	35,000		192,997
Tohoku Electric Power Co., Inc. (a)	26,200		564,771
Tokyo Electron, Ltd.	11,400		509,902
Tokyo Gas Co., Ltd.	150,000		622,761
Tokyu Corp.	76,000		364,865
Tokyu Land Corp.	29,000		108,338
TonenGeneral Sekiyu K.K. (a)	14,000		115,258
Toppan Printing Co., Ltd.	31,000		242,919
Toray Industries, Inc. (a)	83,000		391,079
Toshiba Corp. (a)	198,000		858,488
Tosoh Corp.	37,000		109,889
Toto, Ltd. (a)	19,000		140,980
Toyo Seikan Kaisha, Ltd.	10,200		157,144
Toyo Suisan Kaisha, Ltd.	6,000		152,711

Security Description	Shares	Value
Japan—(Continued)
Toyota Industries Corp.	12,600	$	319,743
Toyota Motor Corp.	170,400		7,263,725
Toyota Tsusho Corp.	14,200		185,067
Trend Micro, Inc. (a)	7,000		267,544
Ube Industries, Ltd.	68,000		182,403
Unicharm Corp.	3,100		238,750
UNY Co., Ltd.	13,000		132,252
Ushio, Inc.	8,700		142,683
West Japan Railway Co.	100		428,567
Yahoo! Japan Corp. (a)	900		290,109
Yakult Honsha Co., Ltd. (a)	5,300		163,660
Yamada Denki Co., Ltd. (a)	6,020		458,280
Yamaguchi Financial Group, Inc.	15,000		181,017
Yamaha Corp.	11,500		198,086
Yamaha Motor Co., Ltd. (a)	13,100		179,315
Yamato Holdings Co., Ltd.	27,000		303,301
Yaskawa Electric Corp.	17,000		96,849
			136,172,287
Luxembourg—0.5%
Acergy S.A. (a)	12,330		123,546
ArcelorMittal	53,650		2,686,131
Millicom International Cellular S.A. (SEK) (b)	4,375		298,080
SES (FDR)	18,798		390,267
			3,498,024
Mauritius—0.0%
Golden Agri-Resources, Ltd.	367,000		82,636
Netherlands—2.6%
Aegon NV	85,785		766,802
Akzo Nobel NV	16,816		808,600
ASML Holding NV (b)	26,597		474,986
Boskalis Westminster	3,508		166,062
Corio NV (REIT)	3,133		224,589
European Aeronautic Defense & Space Co. NV (a)	21,349		369,456
Fugro NV	3,571		211,121
Heineken Holding NV	6,799		269,923
Heineken NV	15,183		611,947
ING Groep NV	118,498		2,578,166
James Hardie Industries NV (AUD) (a)	34,811		142,851
Koninklijke Ahold NV	73,043		842,952
Koninklijke DSM NV	7,886		371,399
Koninklijke Philips Electronics NV	63,499		1,738,981
Randstad Holding NV (a)	7,076		187,097
Reed Elsevier NV	39,611		590,585
Royal KPN NV	112,246		1,618,135
SBM Offshore NV	9,817		211,420
SNS Reaal	8,062		92,128
STMicroelectronics NV (a)	44,693		454,203
TNT NV (a)	21,704		607,131
Unilever NV	100,458		2,838,529
Wolters Kluwer NV	17,885		364,633
			16,541,696

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-114

Metropolitan Series Fund, Inc.

Morgan Stanley EAFE Index Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Common Stock—(Continued)

Security Description	Shares	Value
New Zealand—0.1%
Contact Energy, Ltd.	26,533	$	140,636
Fletcher Building, Ltd. (a)	41,189		185,858
Telecom Corp. of New Zealand, Ltd. (a)	138,544		254,609
			581,103
Norway—0.7%
Aker Kvaerner ASA	10,348		165,401
DnB NOR ASA	48,456		373,250
Norsk Hydro ASA	45,479		306,327
Orkla ASA	54,230		497,064
Petroleum Geo-Services ASA (a)	8,701		115,178
Renewable Energy Corp. ASA (a) (b)	7,753		144,038
StatoilHydro ASA	79,549		1,891,243
Storebrand ASA	29,064		172,015
Telenor ASA	50,638		620,882
Yara International ASA	11,175		391,232
			4,676,630
Portugal—0.3%
Banco Comercial Portugues S.A. (a)	163,646		267,547
Banco Espirito Santo S.A. (a)	17,103		212,303
Brisa-Auto Estradas de Portugal S.A. (a)	24,915		248,291
Energias de Portugal S.A.	120,505		507,266
Jeronimo Martins, SGPS, S.A.	18,941		161,638
Portugal Telecom, SGPS, S.A. (a)	42,778		432,896
			1,829,941
Singapore—1.1%
CapitaLand, Ltd. (a)	116,000		253,401
CapitaMall Trust (REIT) (a)	98,000		156,436
City Developments, Ltd.	40,000		251,006
ComfortDelGro Corp., Ltd.	153,000		160,323
DBS Group Holdings, Ltd.	74,978		888,570
Fraser & Neave, Ltd.	58,000		145,897
Jardine Cycle & Carriage, Ltd.	12,000		132,630
Keppel Corp., Ltd.	79,000		439,700
Oversea-Chinese Banking Corp.	170,880		867,111
SembCorp Industries, Ltd.	89,000		203,590
SembCorp Marine	79,685		169,242
Singapore Airlines, Ltd. (a)	40,940		410,503
Singapore Exchange, Ltd. (a)	54,000		234,611
Singapore Press Holdings, Ltd.	117,250		327,239
Singapore Technologies Engineering, Ltd.	82,000		156,376
Singapore Telecommunications, Ltd.	500,820		1,148,938
United Overseas Bank, Ltd.	75,392		895,123
Wilmar International, Ltd. (a)	62,000		110,708
			6,951,404
Spain—4.1%
Abertis Infraestructuras S.A. (a)	17,694		350,220
Acciona S.A. (a)	1,646		250,352
Acerinox S.A. (a)	12,363		221,561
ACS Actividades de Construccion y Servicios S.A.	13,005		529,390
Banco Bilbao Vizcaya Argentaria S.A. (a)	220,033		3,567,607
Banco de Sabadell S.A. (a)	57,638		447,923

Security Description	Shares	Value
Spain—(Continued)
Banco Popular Espanol S.A. (a)	47,418	$	568,003
Banco Santander S.A.	384,839		5,826,561
Bankinter S.A. (a)	16,977		213,758
Cintra Concesiones de Infraestructuras de Transporte S.A. (a)	13,160		156,312
Criteria Caixacorp S.A. (a) (b)	53,350		256,992
Enagas S.A.	10,769		232,016
Fomento de Construcciones y Contratas S.A. (a)	3,072		139,501
Gamesa Corp. Tecnologica S.A.	10,521		361,481
Gas Natural SDG S.A.	7,593		282,419
Grifols S.A.	8,240		210,162
Grupo Ferrovial S.A. (a)	4,336		202,291
Iberdrola Renovables (b)	51,000		222,013
Iberdrola S.A. (a)	218,820		2,237,045
Inditex S.A. (a)	13,792		588,462
Indra Sistemas S.A. (a)	5,052		120,491
Mapfre S.A. (a)	44,011		192,550
Red Electrica de Espana	6,962		353,461
Repsol YPF S.A. (a)	45,323		1,339,161
Telefonica S.A.	264,506		6,324,241
Union Fenosa S.A.	23,022		563,908
Zardoya Otis S.A. (a)	7,249		158,878
			25,916,759
Sweden—2.0%
Alfa Laval AB (a)	26,060		268,790
Assa Abloy AB (Series B) (a)	20,057		242,923
Atlas Copco AB (Series A) (a)	38,679		441,437
Atlas Copco AB (Series B)	26,061		263,329
Boliden AB (a)	18,652		78,924
Electrolux AB (a)	17,118		202,021
Getinge AB (Class B) (a)	12,136		249,229
Hennes & Mauritz AB (Series B)	31,601		1,281,271
Husqvarna AB (a)	17,118		128,665
Investor AB (a)	28,200		525,322
Lundin Petroleum AB (a)	16,352		135,867
Modern Times Group AB (a)	3,130		112,658
Nordea Bank AB	128,370		1,534,757
Sandvik AB	61,232		647,497
Scania AB (a)	21,772		267,326
Securitas AB (a)	21,462		241,671
Skandinaviska Enskilda Banken AB (a)	29,510		462,263
Skanska AB	25,167		286,765
SKF AB (a)	22,272		284,557
SSAB Svenskt Stal AB (Series A) (a)	11,498		182,657
SSAB Svenskt Stal AB (Series B)	6,100		84,015
Svenska Cellulosa AB (a)	34,876		368,170
Svenska Handelsbanken AB	26,559		592,784
Swedbank AB (a)	22,400		294,199
Swedish Match AB (a)	18,278		317,304
Tele2 AB (a)	17,423		197,698
Telefonaktiebolaget LM Ericsson (Class B) (a)	178,980		1,680,935
TeliaSonera AB (a)	133,300		758,206
Volvo AB (Series B)	69,624		629,899
			12,761,139

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-115

Metropolitan Series Fund, Inc.

Morgan Stanley EAFE Index Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Common Stock—(Continued)

Security Description	Shares	Value
Switzerland—7.3%
ABB, Ltd.	136,348	$	2,627,715
Actelion, Ltd. (a) (b)	6,285		322,809
Adecco S.A.	8,604		377,661
Aryzta AG	4,300		174,828
Baloise Holdings AG	3,194		218,952
Credit Suisse Group	65,575		3,136,346
Geberit AG (a)	2,351		290,867
Givaudan AG (a)	405		337,378
Holcim, Ltd.	12,518		920,126
Julius Baer Holding AG	13,122		648,084
Kuehne & Nagel International AG	3,252		217,824
Lindt & Spruengli AG (a)	55		134,117
Logitech International S.A.	10,725		245,538
Lonza Group AG (a)	2,935		366,684
Nestle S.A.	242,470		10,535,120
Nobel Biocare Holding AG (a)	8,030		270,454
Novartis AG	146,649		7,705,488
Pargesa Holding S.A.	1,694		145,168
Roche Holding AG (b)	43,128		6,753,730
SGS S.A.	302		356,485
Sonova Holding AG (a)	2,594		168,364
Straumann Holding AG	534		147,259
Sulzer AG	1,960		209,091
Swatch Group AG (Class A)	2,201		73,095
Swatch Group AG (Class B) (a)	2,093		389,180
Swiss Life Holding	2,159		315,401
Swiss Reinsurance (a)	20,962		1,176,051
Swisscom AG	1,500		450,023
Syngenta AG	6,316		1,347,195
UBS AG	183,932		3,194,183
Zurich Financial Services AG	9,117		2,538,690
			45,793,906
United Kingdom—20.7%
3i Group, Plc.	21,064		266,242
Alliance & Leicester, Plc.	23,673		116,010
AMEC, Plc. (a)	17,605		200,116
Anglo American, Plc.	81,240		2,719,632
Antofagasta, Plc.	24,514		176,979
Associated British Foods, Plc.	22,128		280,153
AstraZeneca, Plc.	89,123		3,905,524
Aviva, Plc.	165,050		1,437,450
BAE Systems, Plc.	218,107		1,602,864
Balfour Beatty, Plc.	30,333		163,411
Barclays, Plc.	503,190		3,060,890
BG Group, Plc.	206,305		3,743,084
BHP Billiton, Plc.	136,173		3,084,447
BP, Plc.	1,164,366		9,706,181
British Airways, Plc.	41,370		124,825
British America Tobacco, Plc.	92,019		3,010,799
British Energy Group, Plc.	64,769		878,728
British Land Co., Plc. (REIT)	30,642		410,487
British Sky Broadcasting, Plc.	73,950		550,673
BT Group, Plc.	476,853		1,379,177
Bunzl, Plc.	22,401		262,482
Burberry Group, Plc.	26,876		188,591

Security Description	Shares	Value
United Kingdom—(Continued)
Cable & Wireless, Plc.	157,710	$	467,776
Cadbury, Plc.	86,947		876,712
Cairn Energy, Plc. (b)	8,110		301,757
Capita Group, Plc.	39,413		490,524
Carnival, Plc.	11,804		354,259
Centrica, Plc.	226,177		1,267,447
Cobham, Plc.	60,217		203,951
Compass Group, Plc.	112,180		699,409
Daily Mail & General Trust	23,944		138,730
Diageo, Plc.	158,270		2,682,810
Drax Group	21,005		281,693
Enterprise Inns, Plc.	31,243		100,594
Eurasian Natural Resources Corp. (b)	20,692		188,641
Experian Group, Ltd.	59,983		398,275
FirstGroup, Plc.	30,753		292,453
Friends Provident, Plc.	122,735		211,402
G4S, Plc.	83,089		300,092
GKN, Plc.	50,689		178,512
GlaxoSmithKline, Plc.	337,433		7,299,872
Hammerson, Plc. (REIT)	17,590		306,976
Hays, Plc.	89,608		129,033
HBOS, Plc.	329,004		748,118
Home Retail Group, Plc. (b)	54,363		231,694
HSBC Holdings, Plc.	739,526		11,992,669
ICAP, Plc.	36,213		234,380
IMI, Plc.	24,507		165,260
Imperial Tobacco Group, Plc.	62,007		1,994,922
Inchcape, Plc.	34,970		118,545
Intercontinental Hotels Group, Plc.	14,161		175,465
International Power, Plc.	93,731		605,227
Invensys, Plc.	47,928		177,104
Investec, Plc.	26,347		144,408
J. Sainsbury Co.	64,876		407,441
Johnson Matthey, Plc.	14,556		352,817
Kazakhmys, Plc.	12,707		133,418
Kingfisher, Plc.	152,400		361,857
Ladbrokes, Plc.	47,638		161,212
Land Securities Group, Plc. (REIT)	28,545		645,091
Legal & General Group, Plc.	357,048		646,409
Liberty International, Plc. (REIT) (a)	16,665		289,831
Lloyds TSB Group, Plc.	351,482		1,464,058
LogicaCMG, Plc.	90,803		176,565
London Stock Exchange Group, Plc. (a)	11,107		172,717
Lonmin, Plc.	9,678		392,493
Man Group, Plc.	108,024		663,714
Marks & Spencer Group, Plc.	96,716		350,355
Meggitt, Plc.	42,619		144,234
Mitchells & Butlers, Plc.	20,913		82,965
Mondi, Plc.	23,534		109,914
National Express Group, Plc.	7,087		102,641
National Grid, Plc.	151,972		1,933,382
Next, Plc.	13,648		250,611
Old Mutual, Plc.	284,810		398,743
Pearson, Plc.	46,318		501,236
Persimmon, Plc. (a)	19,800		142,738
Prudential, Plc.	151,315		1,394,697
Reckitt Benckiser Group, Plc.	37,679		1,826,812

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-116

Metropolitan Series Fund, Inc.

Morgan Stanley EAFE Index Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Common Stock—(Continued)

Security Description	Shares	Value
United Kingdom—(Continued)
Reed Elsevier Plc.	69,574	$	690,614
Rentokil Initial, Plc.	74,270		91,729
Rexam, Plc.	42,308		297,226
Rio Tinto, Plc.	62,082		3,868,005
Rolls-Royce Group, Plc.	114,239		686,811
Royal Bank of Scotland Group, Plc.	1,016,231		3,370,844
Royal Dutch Shell, Plc. (Class A) (a)	219,635		6,353,110
Royal Dutch Shell, Plc. (Class B)	168,639		4,790,656
SABMiller, Plc.	57,485		1,124,400
Sage Group, Ltd.	78,702		274,351
Schroders, Plc.	5,949		109,774
Scottish & Southern Energy, Plc.	54,779		1,394,430
Segro, Plc. (REIT)	25,798		193,264
Serco Group, Plc.	34,317		222,146
Severn Trent, Plc.	14,349		346,942
Shire, Ltd.	34,646		546,121
Smith & Nephew, Plc.	56,488		596,211
Smiths Group, Plc.	25,680		464,198
Stagecoach Group, Plc.	36,523		166,812
Standard Chartered, Plc.	87,008		2,116,299
Standard Life, Plc.	141,054		610,668
Tate & Lyle, Plc.	33,442		229,701
Tesco, Plc.	480,836		3,348,465
Thomas Cook Group, Plc.	33,377		132,041
Thomson Reuters, Plc.	12,693		283,660
Tomkins, Plc.	54,938		152,322
TUI Travel, Plc.	44,767		172,140
Tullow Oil, Plc.	45,822		585,609
Unilever, Plc.	82,194		2,234,250
United Business Media, Ltd.	10,356		91,255
United Utilities Group	40,268		498,883
Vendeta Resources, Plc.	8,931		185,673
Vodafone Group, Plc.	3,276,185		7,247,508
Whitbread, Plc.	9,201		175,023
William Hill, Plc.	21,132		89,265
WM Morrison Supermarkets, Plc.	149,552		695,134
Wolseley, Plc.	43,462		331,445
WPP Group, Plc.	74,431		604,857
Xstrata, Plc.	39,366		1,220,199
			130,725,447
United States—2.8%
iShares MSCI EAFE Index Fund (a)	301,600		16,980,080
Synthes, Inc. (CHF) (b)	3,629		503,547
			17,483,627
Total Common Stock (Identified Cost $651,007,287)			620,102,521

Units—0.6%
Security Description	Shares	Value
Australia—0.4%
Goodman Group (REIT) (a)	93,428	$	188,421
GPT Group (REIT) (a)	121,164		175,124
Macquarie Office Trust (REIT) (a)	134,745		85,548
Stockland (REIT) (a)	92,213		411,906
Westfield Group (REIT)	106,162		1,449,390
			2,310,389
Switzerland—0.2%
Compagnie Financière Richemont S.A.	32,172		1,435,406
Total Units (Identified Cost $3,913,735)			3,745,795
Preferred Stock—0.5%
Germany—0.4%
Bayerische Motoren Werke AG	3,288		101,236
Fresenius SE	4,821		348,056
Henkel KGaA (a)	10,747		394,855
Porsche AG	5,610		600,231
RWE AG	2,982		215,309
Volkswagen AG	6,775		844,766
			2,504,453
Italy—0.0%
Unipol Gruppo Finanziario S.p.A.	57,044		96,102
Switzerland—0.1%
Schindler Holding AG	2,500		150,088
Total Preferred Stock (Identified Cost $2,505,645)			2,750,643
Rights—0.0%
Australia—0.0%
Alumina, Ltd. (b)	19,493		1,079
Leighton Holdings, Ltd. (b)	664		83
			1,162
France—0.0%
Natixis (b) (c)	5		0
Japan—0.0%
Dowa Mining Co., Ltd. (b)	16,000		3,504
Total Rights (Identified Cost $25)			4,666

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-117

Metropolitan Series Fund, Inc.

Morgan Stanley EAFE Index Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Short Term Investments—16.3%

Security Description	Face Amount/Shares		Value
United States—16.3%
Federal Home Loan Bank 0.750%, 10/07/08	$	475,000		474,940
0.068%, 10/01/08		5,950,000		5,950,000
State Street Navigator Securities Lending Prime Portfolio (e)		96,461,237		96,461,237
Total Short Term Investments (Identified Cost $102,886,177)			$	102,886,177
Total Investments—115.6% (Identified Cost $760,312,869) (f)				729,489,802
Liabilities in excess of other assets				(98,214,920	)
Total Net Assets—100%			$	631,274,882

(a) A portion or all of the security was held on loan. As of September 30, 2008, the market value of securities loaned was $91,452,238 and the collateral received consisted of cash in the amount of $96,461,237 and non-cash collateral with a value of $376,923. The cash collateral is invested in a money market fund managed by an affiliate of the custodian. The non-cash collateral received consists primarily of government securities and bank letters of credit, and are held for the benefit of the Portfolio at the Portfolio’s custodian.

(b) Non-Income Producing.

(c) Zero Valued Security.

(d) Security was valued in good faith under procedures established by the Board of Directors.

(e) Represents investment of cash collateral received from securities lending transactions.

(f) The aggregate cost of investments for federal income tax purposes as of September 30, 2008 was $760,291,846 and the composition of unrealized appreciation and depreciation of investment securities was $63,357,704 and $(94,159,748), respectively.

(FDR)— Fiduciary Depository Receipt

(REIT)— A Real Estate Investment Trust is a pooled investment vehicle that invests primarily in income-producing real estate or real estate related loans or interest.

(AUD)— Australian Dollar

(CHF)— Swiss Franc

(HKD)— Hong Kong Dollar

(NOK)— Norwegian Krone

(SEK)— Swedish Krona

(SGD)— Singapore Dollar

The Portfolio adopted the provisions of Statement of Financial Accounting Standards No. 157, “Fair Value Measurements” (FAS 157), effective with the beginning of the Portfolio’s fiscal year. FAS 157 establishes a framework for measuring fair value and expands disclosures about fair value measurements in financial statements. Management has evaluated the application of FAS 157 to the Portfolio, and has determined that the adoption of FAS 157 does not have a material impact on the Portfolio’s financial statements. The three levels of the hierarchy under FAS 157 are described below:

Level 1—quoted prices in active markets for identical securities

Level 2—other significant observable inputs (including quoted prices for similar securities, interest rates, credit risk, etc.)

Level 3—significant unobservable inputs (including the Adviser and Subadvisor’s own assumptions in determining the fair value of investments)

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

The following is a summary of the inputs used to value the Portfolio’s net assets as of September 30, 2008:

Valuation Inputs	Investments In Securities		Other Financial Instruments*
Level 1—Quoted Prices	$	113,441,317	$	0
Level 2—Other Significant Observable Inputs		616,048,485		0
Level 3—Significant Unobservable Inputs		0		0
Total	$	729,489,802	$	0

* Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures, forwards, swap contracts and written options, which are valued based on the unrealized appreciation/depreciation on the instrument.

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-118

Metropolitan Series Fund, Inc.

Neuberger Berman Mid Cap Value Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Common Stock—97.5% of Total Net Assets

Security Description	Shares	Value
Aerospace & Defense—3.0%
Empresa Brasileira de Aeronautica S.A. (ADR)	396,700	$	10,714,867
L-3 Communications Holdings, Inc.	114,600		11,267,472
			21,982,339
Auto Components—1.2%
WABCO Holdings, Inc.	252,600		8,977,404
Automobiles—0.7%
Harley-Davidson, Inc. (a)	131,600		4,908,680
Beverages—2.9%
Constellation Brands, Inc. (b)	771,300		16,552,098
Dr. Pepper Snapple Group, Inc. (b)	195,300		5,171,544
			21,723,642
Capital Markets—6.3%
Invesco, Ltd. (a)	748,500		15,703,530
Jefferies Group, Inc. (a)	719,000		16,105,600
Legg Mason, Inc. (a)	133,300		5,073,398
Morgan Stanley	404,200		9,296,600
			46,179,128
Commercial Banks—3.3%
First Horizon National Corp. (a)	564,032		5,279,340
KeyCorp.	471,900		5,634,486
National City Corp. (a)	1,648,800		2,885,400
Zions Bancorp (a)	278,800		10,789,560
			24,588,786
Communications Equipment—1.0%
Arris Group, Inc. (a) (b)	962,000		7,436,260
Construction & Engineering—1.4%
Chicago Bridge & Iron Co., NV	527,000		10,139,480
Diversified Financial Services—1.1%
Moody’s Corp. (a)	249,500		8,483,000
Electric Utilities—7.0%
DPL, Inc. (a)	513,700		12,739,760
Entergy Corp.	84,200		7,494,642
FirstEnergy Corp.	272,600		18,261,474
PPL Corp.	353,000		13,068,060
			51,563,936
Electronic Equipment & Instruments—4.7%
Anixter International, Inc. (a) (b)	262,600		15,627,326
Avnet, Inc. (b)	447,200		11,014,536
Ingram Micro, Inc.	503,700		8,094,459
			34,736,321
Energy Equipment & Services—4.5%
National Oilwell Varco, Inc. (b)	112,100		5,630,783
Noble Corp.	173,500		7,616,650

Security Description	Shares	Value
Energy Equipment & Services—(Continued)
Oceaneering International, Inc. (b)	142,600	$	7,603,432
Tidewater, Inc.	225,175		12,465,688
			33,316,553
Food Products—2.5%
ConAgra Foods, Inc. (a)	680,100		13,234,746
Smithfield Foods, Inc. (a) (b)	338,000		5,367,440
			18,602,186
Health Care Equipment & Supplies—1.5%
Covidien, Ltd.	204,400		10,988,544
Health Care Providers & Services—4.2%
Aetna, Inc.	292,000		10,544,120
Cigna Corp.	260,700		8,858,586
Coventry Health Care, Inc. (b)	363,550		11,833,552
			31,236,258
Hotels, Restaurants & Leisure—2.1%
Brinker International, Inc.	327,400		5,857,186
Darden Restaurants, Inc. (a)	337,000		9,648,310
			15,505,496
Household Durables—3.6%
NVR, Inc. (a) (b)	28,200		16,130,400
Whirlpool Corp. (a)	128,300		10,172,907
			26,303,307
Independent Power Producers & Energy Traders—2.2%
Dynegy, Inc. (a) (b)	1,659,300		5,940,294
NRG Energy, Inc. (a) (b)	405,400		10,033,650
			15,973,944
Industrial Conglomerates—0.9%
McDermott International, Inc. (b)	258,600		6,607,230
Insurance—4.7%
Assurant, Inc.	286,960		15,782,800
StanCorp Financial Group, Inc.	283,500		14,742,000
W.R. Berkley Corp.	182,350		4,294,342
			34,819,142
IT Services—3.7%
Affiliated Computer Services, Inc. (Class A) (b)	371,400		18,803,982
Lender Processing Services, Inc. (a)	285,099		8,701,221
			27,505,203
Machinery—2.9%
Eaton Corp.	169,600		9,528,128
Terex Corp.	401,600		12,256,832
			21,784,960

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-119

Metropolitan Series Fund, Inc.

Neuberger Berman Mid Cap Value Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Common Stock—(Continued)

Security Description	Shares	Value
Marine—1.1%
Eagle Bulk Shipping, Inc. (a)	566,100	$	7,891,434
Media—1.6%
The McGraw-Hill Cos., Inc. (a)	379,100		11,983,351
Metals & Mining—5.4%
Cleveland-Cliffs, Inc. (a)	117,500		6,220,450
Freeport-McMoRan Copper & Gold, Inc.	200,600		11,404,110
Sterlite Industries India, Ltd. (ADR) (a) (b)	443,400		3,995,034
Teck Cominco, Ltd. (Class B) (CAD)	372,000		10,832,640
United States Steel Corp.	97,500		7,566,975
			40,019,209
Multiline Retail—3.6%
J.C. Penney Co., Inc. (a)	404,100		13,472,694
Macy’s, Inc.	722,400		12,988,752
			26,461,446
Oil, Gas & Consumable Fuels—10.3%
Apache Corp.	79,700		8,311,116
Denbury Resources, Inc. (b)	497,000		9,462,880
Noble Energy, Inc.	117,900		6,554,061
Ship Finance International, Ltd. (a)	232,713		5,017,292
Southwestern Energy Co. (b)	377,400		11,525,796
Talisman Energy, Inc.	922,115		13,112,475
Whiting Petroleum Corp. (b)	188,210		13,411,845
XTO Energy, Inc.	185,510		8,629,925
			76,025,390
Personal Products—2.5%
NBTY, Inc. (b)	627,715		18,530,147
Pharmaceuticals—2.3%
Shire, Plc. (ADR) (a)	356,500		17,022,875
Real Estate Investment Trusts—3.5%
Annaly Capital Management, Inc.	898,420		12,083,749
Developers Diversified Realty Corp. (a)	311,300		9,865,097
Vornado Realty Trust	44,900		4,083,655
			26,032,501
Semiconductors & Semiconductor Equipment—1.2%
International Rectifier Corp. (b)	457,900		8,709,258
Software—0.6%
Cadence Design Systems, Inc. (b)	643,431		4,349,594
Total Common Stock (Identified Cost $867,651,262)			720,387,004

Short Term Investments—29.5%
Security Description	Shares/Face Amount		Value
Mutual Funds—26.3%
State Street Navigator Securities Lending Prime Portfolio (c)	$	194,147,965	$	194,147,965
Repurchase Agreement—3.2%
State Street Repurchase Agreement dated 09/30/08 at 0.400% to be repurchased at $23,595,262 on 10/01/08, collateralized by $24,095,000 Federal Home Loan Bank due 01/19/10 with a value of $24,069,941.		23,595,000		23,595,000
Total Short Term Investments (Identified Cost $217,742,965)				217,742,965
Total Investments—127.0% (Identified Cost $1,085,394,227) (d)				938,129,969
Liabilities in excess of other assets				(199,727,857	)
Total Net Assets—100%			$	738,402,112

(a) A portion or all of the security was held on loan. As of September 30, 2008, the market value of securities loaned was $205,243,861 and the collateral received consisted of cash in the amount of $194,147,965 and non-cash collateral with a value of $6,874,567. The cash collateral is invested in a money market fund managed by an affiliate of the custodian. The non-cash collateral received consists primarily of government securities and bank letters of credit, and are held for the benefit of the Portfolio at the Portfolio’s custodian.

(b) Non-Income Producing.

(c) Represents investment of cash collateral received from securities lending transactions.

(d) The aggregate cost of investments for federal income tax purposes as of September 30, 2008 was $1,085,394,227 and the composition of unrealized appreciation and depreciation of investment securities was $22,687,128 and $(169,951,386), respectively.

(ADR)— An American Depositary Receipt is a certificate issued by a custodian bank representing the right to receive securities of the foreign issuer described. Trading on exchanges not located in the United States or Canada significantly influences the value of ADRs.

(CAD)— Canadian Dollar

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-120

Metropolitan Series Fund, Inc.

Neuberger Berman Mid Cap Value Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

The Portfolio adopted the provisions of Statement of Financial Accounting Standards No. 157, “Fair Value Measurements” (FAS 157), effective with the beginning of the Portfolio’s fiscal year. FAS 157 establishes a framework for measuring fair value and expands disclosures about fair value measurements in financial statements. Management has evaluated the application of FAS 157 to the Portfolio, and has determined that the adoption of FAS 157 does not have a material impact on the Portfolio’s financial statements. The three levels of the hierarchy under FAS 157 are described below:

Level 1—quoted prices in active markets for identical securities

Level 2—other significant observable inputs (including quoted prices for similar securities, interest rates, credit risk, etc.)

Level 3—significant unobservable inputs (including the Adviser and Subadvisor’s own assumptions in determining the fair value of investments)

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

The following is a summary of the inputs used to value the Portfolio’s net assets as of September 30, 2008:

Valuation Inputs	Investments In Securities		Other Financial Instruments*
Level 1—Quoted Prices	$	914,534,969	$	0
Level 2—Other Significant Observable Inputs		23,595,000		0
Level 3—Significant Unobservable Inputs		0		0
Total	$	938,129,969	$	0

* Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures, forwards, swap contracts and written options, which are valued based on the unrealized appreciation/depreciation on the instrument.

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-121

Metropolitan Series Fund, Inc.

Oppenheimer Global Equity Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Common Stock—94.7% of Total Net Assets

Security Description	Shares	Value
Australia—0.1%
Aristocrat Leisure, Ltd. (a)	106,300	$	562,422
Brazil—0.8%
Empresa Brasileira de Aeronautica S.A. (ADR)	205,210		5,542,722
Canada—1.4%
Husky Energy, Inc. (b)	239,500		9,987,640
Cayman Islands—2.4%
Transocean, Inc. (b)	93,158		10,232,475
XL Capital, Ltd. (Class A) (a)	346,810		6,221,771
			16,454,246
Finland—1.0%
Fortum Oyj	213,880		7,217,537
France—5.4%
LVMH Moet Hennessy Louis Vuitton S.A. (a)	130,611		11,534,619
NicOx S.A. (a) (b)	51,405		559,492
Sanofi-Aventis S.A. (a)	110,092		7,237,786
Société Générale (a)	59,791		5,428,468
Technip S.A. (a)	134,420		7,552,577
Total S.A. (a)	85,208		5,141,587
			37,454,529
Germany—6.3%
Allianz SE (a)	64,964		8,936,248
Bayerische Motoren Werke AG	147,767		5,764,559
SAP AG (a)	245,388		13,179,189
Siemens AG	170,888		16,041,436
			43,921,432
India—2.1%
Dish TV India, Ltd. (b)	597,114		355,673
Hindustan Lever, Ltd.	555,400		3,042,926
ICICI Bank, Ltd. (ADR) (a)	2,430		57,153
Infosys Technologies, Ltd.	270,626		8,211,263
Wire & Wireless India, Ltd. (b)	556,330		199,234
Zee Telefilms, Ltd.	665,260		2,904,579
			14,770,828
Italy—1.1%
Bulgari S.p.A. (a)	433,600		3,859,471
Tod’s S.p.A. (a)	74,000		3,698,871
			7,558,342
Japan—11.2%
Fanuc, Ltd.	28,800		2,181,063
Hoya Corp. (a)	234,600		4,666,326
KDDI Corp.	1,501		8,440,876
Keyence Corp.	23,200		4,633,155
Kyocera Corp. (a)	36,700		2,793,484
Mitsubishi Electric Corp.	388,000		2,624,930
Murata Manufacturing Co., Ltd.	142,400		5,736,696
Nidec Corp.	38,000		2,346,637

Security Description	Shares	Value
Japan—(Continued)
Nintendo Co., Ltd.	10,700	$	4,472,120
Secom Co., Ltd.	90,700		3,807,197
Sega Sammy Holdings, Inc. (a)	138,800		1,245,727
Seven & I Holdings Co., Ltd.	114,691		3,314,321
Shionogi & Co., Ltd.	230,000		4,672,502
Sony Corp. (a)	327,928		10,182,112
Sony Financial Holdings, Inc.	563		2,231,247
Square Enix Co., Ltd. (a)	47,300		1,386,565
Sumitomo Mitsui Financial Group, Inc. (a)	1,242		7,812,191
Toyota Motor Corp.	125,600		5,354,013
			77,901,162
Mexico—2.5%
Companhia de Bebidas das Americas (ADR)	84,450		4,611,815
Grupo Modelo S.A. de C.V. (a)	870,910		3,690,431
Grupo Televisa S.A. (ADR) (a)	425,570		9,307,216
			17,609,462
Netherlands—3.0%
European Aeronautic Defense & Space Co. NV (a)	347,157		6,007,748
Koninklijke Philips Electronics NV (a)	322,948		8,844,240
TNT NV	208,500		5,832,417
			20,684,405
Norway—0.5%
Tandberg ASA (a)	257,470		3,461,756
South Korea—0.8%
SK Telecom Co., Ltd. (ADR)	309,040		5,816,133
Spain—1.0%
Inditex S.A. (a)	168,890		7,206,020
Sweden—7.1%
Assa Abloy AB (Series B) (a)	593,000		7,182,196
Hennes & Mauritz AB (Series B) (a)	284,510		11,535,538
Investor AB (a)	358,825		6,684,353
Telefonaktiebolaget LM Ericsson (Class B) (a)	2,540,996		23,864,344
			49,266,431
Switzerland—4.0%
Basilea Pharmaceuticals	5,686		839,602
Credit Suisse Group	251,433		12,025,632
Roche Holding AG (b)	94,041		14,726,570
			27,591,804
Taiwan—2.1%
MediaTek, Inc.	699,379		7,311,065
Taiwan Semiconductor Manufacturing Co., Ltd.	3,151,024		5,186,359
Taiwan Semiconductor Manufacturing Co., Ltd. (ADR)	251,119		2,352,985
			14,850,409

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-122

Metropolitan Series Fund, Inc.

Oppenheimer Global Equity Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Common Stock—(Continued)

Security Description	Shares	Value
Turkey—0.1%
Turkcell Iletisim Hizmet AS (ADR)	52,685	$	789,748
United Kingdom—11.2%
3i Group, Plc.	248,640		3,142,725
BP, Plc. (ADR) (a)	121,350		6,088,129
Burberry Group, Plc.	356,913		2,504,483
Cadbury, Plc.	555,958		5,605,890
Diageo, Plc.	258,672		4,384,709
Experian Group, Ltd.	255,128		1,693,997
HSBC Holdings, Plc.	611,657		9,651,782
Prudential, Plc.	654,672		6,034,228
Reckitt Benckiser Group, Plc.	186,558		9,044,996
Royal Bank of Scotland Group, Plc.	2,186,846		7,253,780
RT Group, Plc. (c) (d) (e)	282,264		0
Smith & Nephew, Plc.	379,108		4,001,355
Tesco, Plc.	1,089,599		7,587,793
Vodafone Group, Plc.	3,730,621		8,252,802
WPP Group, Plc.	329,365		2,676,556
			77,923,225
United States—30.6%
3M Co.	128,070		8,748,462
Acadia Pharmaceuticals, Inc. (a) (b)	78,500		210,380
Adobe Systems, Inc. (b)	297,670		11,749,035
Aetna, Inc.	120,100		4,336,811
Aflac, Inc.	131,300		7,713,875
Altera Corp. (b)	311,230		6,436,236
Automatic Data Processing, Inc.	213,410		9,123,277
Boeing Co.	57,560		3,301,066
Citigroup, Inc.	271,200		5,562,312
Colgate-Palmolive Co.	92,200		6,947,270
Corning, Inc. (b)	445,610		6,969,340
Cree, Inc. (a) (b)	189,740		4,322,277
Dr. Pepper Snapple Group, Inc. (a) (b)	81,454		2,156,902
eBay, Inc. (b)	506,830		11,342,855
Emerson Electric Co.	186,300		7,599,177
InterMune, Inc. (a) (b)	72,100		1,233,631
International Game Technology (a)	110,970		1,906,465
Intuit, Inc. (b)	379,420		11,993,466
Juniper Networks, Inc. (b)	537,700		11,329,339
Linear Technology Corp. (a)	123,410		3,783,751
Lockheed Martin Corp.	47,580		5,218,099
Maxim Integrated Products, Inc.	304,290		5,507,649
McDonald’s Corp.	153,400		9,464,780
Microsoft Corp.	500,260		13,351,939
Northrop Grumman Corp.	56,030		3,392,056
Raytheon Co.	108,950		5,829,915
Regeneron Pharmaceuticals, Inc. (a) (b)	46,390		1,012,694
Seattle Genetics, Inc. (a) (b)	134,826		1,442,638
Shuffle Master, Inc. (a) (b)	139,400		709,546
SIRIUS XM Radio, Inc.	3,040,660		1,733,176
SLM Corp.	325,600		4,017,904
The Walt Disney Co.	305,260		9,368,429
Theravance, Inc. (a) (b)	118,980		1,482,491
Tiffany & Co. (a)	205,900		7,313,568
Wal-Mart Stores, Inc.	158,610		9,499,153

Security Description	Shares		Value
United States—(Continued)
WellPoint, Inc. (b)		44,900	$	2,099,973
Xilinx, Inc. (a)		220,490		5,170,491
				213,380,428
Total Common Stock (Identified Cost $774,181,480)				659,950,681
Units—2.5%
Mexico—1.1%
Fomento Economico Mexicano S.A. de C.V.		1,971,260		7,514,198
Panama—1.4%
Carnival Corp. (a)		285,870		10,105,505
Total Units (Identified Cost $18,625,313)				17,619,703
Preferred Stock—0.9%
Germany—0.9%
Bayerische Motoren Werke AG (a)		53,166		1,636,959
Porsche AG		40,449		4,327,763
Total Preferred Stock (Identified Cost $7,007,153)				5,964,722
Fixed Income-Convertible—0.1%
Security Description	Face Amount		Value
United States—0.1%
Theravance, Inc. 3.000%, 01/15/15	$	699,000		503,280
Total Fixed Income—Convertible (Identified Cost $699,000)				503,280
Short Term Investments—19.2%
Security Description	Shares/Face Amount		Value
United States—19.2%
State Street Navigator Securities Lending Prime Portfolio (f)		124,645,606		124,645,606
State Street Repurchase Agreement dated 09/30/08 at 0.400% to be repurchased at $8,873,099 on 10/01/08, collateralized by $8,865,000 Federal Home Loan Mortgage Corp. 4.25% due 04/24/13 with a value of $9,051,165		8,873,000		8,873,000
Total Short Term Investments (Identified Cost $133,518,606)				133,518,606
Total Investments—117.4% (Identified Cost $934,031,552) (g)				817,556,992
Liabilities in excess of other assets				(120,936,648	)
Total Net Assets—100%			$	696,620,344

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-123

Metropolitan Series Fund, Inc.

Oppenheimer Global Equity Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

(a) A portion or all of the security was held on loan. As of September 30, 2008, the market value of securities loaned was $117,197,816 and the collateral received consisted of cash in the amount of $124,645,606. The cash collateral is invested in a money market fund managed by an affiliate of the custodian.

(b) Non-Income Producing.

(c) Non-Income Producing; issuer filed under Chapter 11 of the Federal Bankruptcy Code.

(d) Zero Valued Security.

(e) Security was valued in good faith under procedures established by the Board of Directors.

(f) Represents investment of cash collateral received from securities lending transactions.

(g) The aggregate cost of investments for federal income tax purposes as of September 30, 2008 was $934,031,552 and the composition of unrealized appreciation and depreciation of investment securities was $33,779,452 and $(150,254,012), respectively.

(ADR)— An American Depositary Receipt is a certificate issued by a custodian bank representing the right to receive securities of the foreign issuer described. Trading on exchanges not located in the United States or Canada significantly influences the value of ADRs.

The Portfolio adopted the provisions of Statement of Financial Accounting Standards No. 157, “Fair Value Measurements” (FAS 157), effective with the beginning of the Portfolio’s fiscal year. FAS 157 establishes a framework for measuring fair value and expands disclosures about fair value measurements in financial statements. Management has evaluated the application of FAS 157 to the Portfolio, and has determined that the adoption of FAS 157 does not have a material impact on the Portfolio’s financial statements. The three levels of the hierarchy under FAS 157 are described below:

Level 1—quoted prices in active markets for identical securities

Level 2—other significant observable inputs (including quoted prices for similar securities, interest rates, credit risk, etc.)

Level 3—significant unobservable inputs (including the Adviser and Subadvisor’s own assumptions in determining the fair value of investments)

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

The following is a summary of the inputs used to value the Portfolio’s net assets as of September 30, 2008:

Valuation Inputs	Investments In Securities		Other Financial Instruments*
Level 1—Quoted Prices	$	399,151,687	$	0
Level 2—Other Significant Observable Inputs		418,405,305		0
Level 3—Significant Unobservable Inputs		0		0
Total	$	817,556,992	$	0

* Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures, forwards, swap contracts and written options, which are valued based on the unrealized appreciation/depreciation on the instrument.

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-124

Metropolitan Series Fund, Inc.

Russell 2000 Index Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Common Stock—97.2% of Total Net Assets

Security Description	Shares	Value
Aerospace & Defense—1.7%
AAR Corp. (a) (b)	25,386	$	421,154
Aerovironment, Inc.	7,017		224,193
American Science & Engineering, Inc. (a)	5,154		307,848
Applied Signal Technology, Inc.	8,961		155,742
Argon, Inc. (a) (b)	8,892		208,873
Axsys Technologies, Inc. (b)	5,846		344,563
Ceradyne, Inc. (a) (b)	16,510		605,257
Cubic Corp.	9,190		225,982
Curtiss-Wright Corp.	28,142		1,279,054
Ducommun, Inc.	7,298		174,276
DynCorp. International, Inc. (a) (b)	15,363		257,484
Esterline Technologies Corp. (b)	19,053		754,308
GenCorp, Inc. (a) (b)	39,139		263,797
HEICO Corp. (Class B) (a)	15,158		497,486
Herley Industries, Inc. (a) (b)	9,374		160,295
Hexcel Corp. (b)	62,176		851,190
Ladish, Inc. (b)	8,706		176,297
Moog, Inc. (b)	27,556		1,181,601
Orbital Sciences Corp. (b)	36,263		869,224
Stanley, Inc. (b)	5,973		220,463
Taser International, Inc. (a) (b)	44,282		316,616
Teledyne Technologies, Inc. (b)	22,894		1,308,621
TransDigm Group, Inc. (a) (b)	21,607		739,608
Triumph Group, Inc. (a)	10,004		457,283
			12,001,215
Air Freight & Logistics—0.3%
Atlas Air Worldwide Holdings, Inc. (b)	8,084		325,866
Dynamex, Inc. (a) (b)	6,006		170,931
Forward Air Corp. (a)	18,684		508,765
HUB Group, Inc. (Class A) (b)	25,072		943,961
Pacer International, Inc.	22,347		368,055
			2,317,578
Airlines—0.6%
AirTran Holdings, Inc. (a) (b)	106,221		258,117
Alaska Air Group, Inc. (a) (b)	23,300		475,087
Allegiant Travel Co. (b)	9,131		322,507
Hawaiian Holdings, Inc.	26,730		248,054
JetBlue Airways Corp. (a) (b)	112,271		555,741
Republic Airways Holdings, Inc. (b)	23,593		240,413
Skywest, Inc.	38,881		621,318
UAL Corp. (a) (b)	81,954		720,376
US Airways Group, Inc. (a) (b)	62,420		376,393
			3,818,006
Auto Components—0.8%
American Axle & Manufacturing Holdings, Inc. (a)	27,908		149,587
Amerigon, Inc. (a) (b)	13,318		87,632
ArvinMeritor, Inc. (a)	47,717		622,230
ATC Technology Corp. (b)	13,111		311,255
Cooper Tire & Rubber Co. (a)	36,658		315,259
Dana Holding Corp. (a) (b)	64,718		313,235
Drew Industries, Inc. (a) (b)	16,866		288,577
Exide Technologies (a) (b)	49,077		362,188

Security Description	Shares	Value
Auto Components—(Continued)
Fuel System Solutions, Inc. (a)	7,974	$	274,704
GenTek, Inc. (a) (b)	5,631		144,773
Hayes Lemmerz International, Inc. (a) (b)	57,979		158,283
Lear Corp. (b)	47,108		494,634
Modine Manufacturing Co. (a)	20,814		301,387
Raser Technologies, Inc. (a) (b)	30,438		258,723
Sauer-Danfoss, Inc. (a)	7,791		192,360
Spartan Motors, Inc. (a)	19,530		62,105
Stoneridge, Inc. (a) (b)	9,884		111,195
Superior Industries International, Inc. (a)	13,180		252,529
Tenneco, Inc. (b)	28,545		303,433
Visteon Corp. (a) (b)	75,405		174,940
			5,179,029
Automobiles—0.0%
Fleetwood Enterprises, Inc. (a) (b)	35,502		36,212
Winnebago Industries, Inc. (a)	20,312		262,431
			298,643
Beverages—0.1%
Boston Beer, Inc. (a) (b)	7,145		339,316
Central European Distribution Corp. (a) (b)	1		45
			339,361
Biotechnology—3.8%
Acorda Therapeutics, Inc. (a) (b)	21,535		513,610
Affymax, Inc. (a) (b)	7,931		157,430
Alexion Pharmaceuticals, Inc. (a) (b)	49,682		1,952,503
Alkermes, Inc. (b)	60,343		802,562
Allos Therapeutics, Inc. (a) (b)	37,060		274,615
Alnylam Pharmaceuticals, Inc. (a) (b)	25,774		746,157
Arena Pharmaceuticals, Inc. (a) (b)	46,806		234,030
Ariad Pharmaceuticals, Inc. (a) (b)	35,921		88,725
Array Biopharma, Inc. (a) (b)	31,105		238,886
Celera Corp. (b)	52,827		816,177
Cell Genesys, Inc. (a) (b)	50,537		29,817
Celldex Therapeutics, Inc. (b)	11,133		129,477
Cepheid, Inc. (a) (b)	37,111		513,245
Cougar Biotechnology, Inc. (a) (b)	9,818		327,823
Cubist Pharmaceuticals, Inc. (a) (b)	35,783		795,456
CV Therapeutics, Inc. (b)	48,057		519,016
Dendreon Corp. (a) (b)	66,216		378,093
Dyax Corp. (a) (b)	42,026		184,914
Enzon Pharmaceuticals, Inc. (a) (b)	27,534		203,201
Genomic Health, Inc. (a) (b)	12,876		291,641
Geron Corp. (a) (b)	45,239		178,694
GTx, Inc. (a) (b)	17,247		328,038
Halozyme Therapeutics, Inc. (a) (b)	39,723		291,567
Human Genome Sciences, Inc. (a) (b)	100,386		637,451
Idenix Pharmaceuticals, Inc. (a) (b)	19,197		138,794
Idera Pharmaceuticals, Inc. (a) (b)	14,570		205,000
Incyte Corp. (a) (b)	45,130		345,245
InterMune, Inc. (a) (b)	25,684		439,453
Isis Pharmaceuticals, Inc. (a) (b)	59,166		999,314
Ligand Pharmaceuticals, Inc. (a) (b)	55,630		164,109

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-125

Metropolitan Series Fund, Inc.

Russell 2000 Index Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Common Stock—(Continued)

Security Description	Shares	Value
Biotechnology—(Continued)
Martek Biosciences Corp. (b)	21,606	$	678,861
Medarex, Inc. (a) (b)	84,601		547,368
Metabolix, Inc. (a) (b)	19,441		211,518
Momenta Pharmaceuticals, Inc. (a) (b)	17,269		226,397
Myriad Genetics, Inc. (a) (b)	28,960		1,878,925
Nabi Biopharmaceuticals (a) (b)	32,116		149,661
Neurocrine Biosciences, Inc. (a) (b)	21,044		98,696
Omrix Biopharmaceuticals, Inc. (a) (b)	8,576		153,853
Onyx Pharmaceuticals, Inc. (a) (b)	36,096		1,305,953
Orexigen Therapeutics, Inc. (a) (b)	15,204		164,051
OSI Pharmaceuticals, Inc. (a) (b)	36,987		1,823,089
Osiris Therapeutics, Inc. (b)	11,221		216,453
PDL BioPharma, Inc. (b)	78,140		727,483
Pharmasset, Inc. (b)	11,069		220,827
Progenics Pharmaceuticals, Inc. (a) (b)	21,526		286,511
Regeneron Pharmaceuticals, Inc. (b)	38,704		844,908
Rigel Pharmaceuticals, Inc. (a) (b)	24,433		570,511
Sangamo Biosciences, Inc. (a)	25,684		197,767
Savient Pharmaceuticals, Inc. (a) (b)	35,468		528,828
Seattle Genetics, Inc. (a) (b)	37,822		404,695
Theravance, Inc. (a) (b)	34,733		432,773
United Therapeutics Corp. (b)	14,610		1,536,534
XOMA, Ltd. (a) (b)	82,412		173,065
Zymogenetics, Inc. (a) (b)	26,358		175,544
			26,479,314
Building Products—0.5%
AAON, Inc.	7,694		139,954
American Woodmark Corp. (a)	8,732		196,033
Ameron International Corp. (a)	6,018		431,190
Apogee Enterprises, Inc. (a)	17,370		261,071
Gibraltar Industries, Inc. (a)	18,286		342,131
Griffon Corp. (a) (b)	30,404		274,244
Insteel Industries, Inc. (a)	12,134		164,901
NCI Building Systems, Inc. (a) (b)	12,366		392,620
Quanex Building Products Corp. (b)	22,520		343,205
Simpson Manufacturing Co. , Inc. (a)	24,267		657,393
Trex Co., Inc. (a) (b)	12,252		221,884
Universal Forest Products, Inc. (a)	10,348		361,249
			3,785,875
Capital Markets—1.6%
Apollo Investment Corp. (a)	92,074		1,569,862
Ares Capital Corp.	63,806		665,497
Calamos Asset Management, Inc.	15,750		282,240
Capital Southwest Corp. (a)	1,881		267,196
Cohen & Steers, Inc. (a)	10,675		302,423
Diamond Hill Investment Group, Inc. (b)	1,546		139,016
FCStone Group, Inc. (a) (b)	15,110		271,829
GAMCO Investors, Inc. (a)	5,201		308,419
GFI Group, Inc. (a) (b)	50,761		239,084
Gladstone Capital Corp. (a)	14,623		222,855
Greenhill & Co., Inc. (a)	11,430		842,963
Hercules Technology Growth Capital, Inc. (a)	18,966		183,970
Kayne Anderson Energy Development Co. (a)	6,396		108,284
KBW, Inc. (a) (b)	17,828		587,254

Security Description	Shares	Value
Capital Markets—(Continued)
Knight Capital Group, Inc. (b)	61,855	$	919,165
Kohlberg Capital Corp.	9,110		78,255
LaBranche & Co., Inc. (a) (b)	36,996		166,482
Ladenburg Thalmann Financial Services, Inc. (a) (b)	62,538		112,568
MCG Capital Corp. (a)	43,386		113,671
MVC Capital, Inc.	15,052		229,543
NGP Capital Resources Co. (a)	14,986		218,346
optionsXpress Holdings, Inc. (a)	26,495		514,533
Penson Worldwide, Inc. (a) (b)	9,106		126,300
Piper Jaffray Co. (b)	12,145		525,271
Prospect Capital Corp. (a)	18,121		232,130
RiskMetrics Group, Inc. (a) (b)	14,649		286,681
Stifel Financial Corp. (a) (b)	15,543		775,571
SWS Group, Inc. (a)	16,924		341,188
TradeStation Group, Inc. (b)	22,284		208,355
U.S. Global Investors, Inc. (a)	7,498		75,355
Westwood Holdings Group, Inc.	3,904		185,050
			11,099,356
Chemicals—2.1%
A. Schulman, Inc.	16,618		328,704
American Vanguard Corp. (a)	13,990		210,969
Arch Chemicals, Inc. (a)	16,387		578,461
Balchem Corp. (a)	10,704		285,476
Calgon Carbon Corp. (a) (b)	30,715		625,357
Ferro Corp.	27,506		552,871
Flotek Industries, Inc. (a) (b)	18,033		198,363
H.B. Fuller Co. (a)	36,393		759,522
Hercules, Inc.	76,861		1,521,079
ICO, Inc. (a) (b)	20,470		114,837
Innophos Holdings, Inc. (a)	7,232		176,316
Innospec, Inc.	17,009		205,129
Koppers Holdings, Inc.	13,722		513,340
LSB Industries, Inc. (a) (b)	11,999		166,186
Minerals Technologies, Inc.	13,137		779,812
NewMarket Corp. (a)	8,857		465,524
Olin Corp. (a)	48,415		939,251
OM Group, Inc. (b)	19,970		449,325
Penford Corp. (a)	8,220		145,412
PolyOne Corp. (b)	69,497		448,256
Quaker Chemical Corp.	7,230		205,766
Rockwood Holdings, Inc. (b)	27,106		695,540
Sensient Technologies Corp.	31,388		882,944
ShengdaTech, Inc. (a) (b)	21,210		148,470
Solutia, Inc. (b)	61,235		857,290
Spartech Corp.	20,427		202,227
Stepan Co.	4,458		243,273
Symyx Technologies, Inc. (a) (b)	19,225		190,520
W.R. Grace & Co. (a) (c)	46,759		706,996
Westlake Chemical Corp. (a)	13,301		279,720
Zep, Inc. (a)	14,264		251,617
Zoltek Companies, Inc. (a) (b)	18,207		311,522
			14,440,075
Commercial Banks—6.5%
1st Source Corp.	10,619		249,546
Arrow Financial Corp. (a)	6,737		198,135

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-126

Metropolitan Series Fund, Inc.

Russell 2000 Index Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Common Stock—(Continued)

Security Description	Shares	Value
Commercial Banks—(Continued)
Bancfirst Corp. (a)	5,056	$	244,356
Banco Latinoamericano de Exportaciones S.A.	16,812		242,429
Bank of the Ozarks, Inc. (a)	7,390		199,530
BankFinancial Corp. (a)	11,879		174,384
Boston Private Financial Holdings, Inc. (a)	21,774		190,305
Camden National Corp. (a)	5,621		196,454
Capital City Bank Group, Inc. (a)	7,854		246,223
Cardinal Financial Corp. (a)	18,171		146,822
Cascade Bancorp. (a)	13,690		121,704
Cathay General Bancorp (a)	31,566		751,271
Central Pacific Financial Corp. (a)	19,720		331,493
Chemical Financial Corp. (a)	17,023		530,096
Citizens & Citizens North Corp. (a)	6,716		144,730
Citizens Banking Corp. (a)	46,095		141,973
City Holdings Co.	9,914		418,866
Columbia Banking Systems, Inc.	15,187		269,265
Community Bank Systems, Inc. (a)	19,990		502,748
Community Trust Bancorp, Inc. (a)	9,791		336,810
CVB Financial Corp. (a)	44,178		614,074
East West Bancorp, Inc. (a)	43,100		590,470
Enterprise Financial Services Corp. (a)	8,030		181,157
F.N.B. Corp. (a)	61,155		977,257
Fifth Third Bancorp (a)	1		10
Financial Institutions, Inc. (a)	8,161		163,302
First Bancorp (a)	10,486		179,311
First Bancorp (Puerto Rico) (a)	54,770		605,756
First Commonwealth Financial Corp. (a)	47,267		636,686
First Community Bancshares, Inc. (a)	6,026		226,096
First Financial Bancorp (a)	25,847		377,366
First Financial Bankshares, Inc. (a)	13,236		686,684
First Financial Corp. (a)	6,809		319,887
First Merchants Corp. (a)	11,118		253,490
First Midwest Bancorp, Inc. (a)	31,239		757,233
FirstMerit Corp.	52,700		1,106,700
Frontier Financial Corp. (a)	32,200		432,446
Glacier Bancorp, Inc. (a)	38,966		965,188
Greene County Bancshares, Inc. (a)	13,488		317,103
Guaranty Bancorp (a) (b)	31,105		189,740
Hancock Holding Co. (a)	17,503		892,653
Hanmi Financial Corp. (a)	27,683		139,799
Harleysville National Corp. (a)	21,583		366,479
Heartland Financial USA, Inc. (a)	7,703		193,037
Home Bancshares, Inc. (a)	12,164		314,683
IBERIABANK Corp. (a)	8,632		456,201
Independent Bank Corp. (a)	1		6
Independent Bank Corp. (Massachusetts) (a)	10,279		320,396
Integra Bank Corp. (a)	12,892		102,878
International Bancshares Corp. (a)	33,421		902,367
Investors Bancorp, Inc. (b)	34,761		523,153
Lakeland Bancorp, Inc. (a)	12,623		147,563
Lakeland Financial Corp. (a)	7,109		156,114
Macatawa Bank Corp. (a)	1		7
Mainsource Financial Group, Inc. (a)	16,583		325,027
MB Financial, Inc. (a)	22,095		730,682
Nara Bancorp, Inc. (a)	15,312		171,494
National Penn Bancshares, Inc. (a)	55,835		815,191
NBT Bancorp, Inc. (a)	20,656		618,028

Security Description	Shares	Value
Commercial Banks—(Continued)
Northfield Bancorp, Inc. (b)	14,322	$	173,439
Old National Bancorp (a)	43,737		875,615
Old Second Bancorp, Inc. (a)	7,369		136,474
Oriental Financial Group, Inc.	14,047		250,879
Pacific Capital Bancorp (a)	29,016		590,476
PacWest Bancorp (a)	15,528		443,946
Park National Corp. (a)	6,924		540,072
Peapack Gladstone Financial Corp. (a)	6,042		202,407
People’s Bancorp, Inc.	5,816		126,614
Pinnacle Financial Partners, Inc. (a) (b)	15,243		469,484
Preferred Bank (Los Angeles, CA) (a)	1		11
PrivateBancorp, Inc. (a)	12,625		525,957
Prosperity Bancshares, Inc. (a)	25,727		874,461
Provident Bankshares Corp. (a)	19,334		187,733
Renasant Corp. (a)	12,711		275,956
Republic Bancorp, Inc. (Class A) (a)	6,675		202,386
S&T Bancorp, Inc. (a)	16,636		612,704
S.Y. Bancorp, Inc. (a)	12,103		370,594
Sandy Spring Bancorp, Inc. (a)	14,588		322,395
SCBT Financial Corp. (a)	7,106		267,186
Shore Bancshares, Inc. (a)	6,207		159,520
Signature Bank (b)	19,686		686,648
Simmons First National Corp. (a)	8,478		301,817
Smithtown Bancorp, Inc. (a)	7,342		165,195
Southside Bancshares, Inc. (a)	8,775		221,130
Southwest Bancorp, Inc. (Oklahoma)	10,385		183,503
State Bancorp, Inc. (a)	10,603		157,985
StellarOne Corp. (a)	15,621		322,886
Sterling Bancorp (a)	13,033		188,457
Sterling Bancshares, Inc.	48,745		509,385
Sterling Financial Corp. (Washington) (a)	29,125		422,312
Suffolk Bancorp (a)	5,413		213,326
Susquehanna Bancshares, Inc. (a)	53,865		1,051,445
SVB Financial Group (a) (b)	19,501		1,129,498
Texas Capital Bancshares, Inc. (a) (b)	19,670		408,349
The Colonial BancGroup, Inc. (a)	132,990		1,045,301
The South Financial Group, Inc. (a)	44,741		327,952
Tompkins Trustco, Inc. (a)	4,886		246,743
TowneBank	14,459		318,098
TriCo Bancshares (a)	7,390		159,107
Trustmark Corp. (a)	31,258		648,291
UCBH Holdings, Inc. (a)	60,126		385,408
UMB Financial Corp. (a)	21,357		1,121,670
Umpqua Holdings Corp. (a)	37,028		544,682
Union Bankshares Corp. (a)	13,521		324,504
United Bankshares, Inc. (a)	24,546		859,110
United Community Bank, Inc. (a)	25,133		333,262
Univest Corp. (a)	7,788		288,156
Virginia Commerce Bancorp (a) (b)	1		4
Washington Trust Bancorp, Inc. (a)	6,459		171,809
WesBanco, Inc. (a)	17,979		478,601
West Bancorp, Inc. (a)	13,056		170,120
Westamerica Bancorp (a)	18,288		1,052,109
Wilshire Bancorp, Inc. (a)	14,336		174,469
Wintrust Financial Corp. (a)	16,617		487,709
			45,100,204

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-127

Metropolitan Series Fund, Inc.

Russell 2000 Index Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Common Stock—(Continued)

Security Description	Shares	Value
Commercial Services & Supplies—4.3%
ABM Industries, Inc.	27,860	$	608,462
Acco Brands Corp. (a) (b)	32,678		246,392
Administaff, Inc. (a)	14,105		383,938
American Ecology Corp. (a)	10,910		301,880
American Reprographics Co. (a) (b)	23,904		412,344
Bowne & Co., Inc.	18,709		216,089
Brady Corp.	32,567		1,148,964
Casella Waste Systems, Inc. (b)	15,671		183,978
CBIZ, Inc. (a) (b)	32,679		276,138
CDI Corp.	7,746		172,968
Cenveo, Inc. (a) (b)	31,208		239,990
China Security & Surveillance Technology, Inc. (b)	18,338		254,531
Clean Harbors, Inc. (b)	12,853		868,220
Comfort Systems USA, Inc.	24,012		320,800
Consolidated Graphics, Inc. (b)	7,728		234,390
Cornell Companies, Inc. (a) (b)	7,626		207,275
CoStar Group, Inc. (a) (b)	12,830		582,354
CRA International, Inc. (a) (b)	9,028		248,089
Deluxe Corp.	36,692		527,998
Duff & Phelps Corp. (b)	7,904		166,221
EnergySolutions, Inc. (a)	21,760		217,600
EnerNOC, Inc. (a) (b)	6,985		72,225
Ennis, Inc.	15,615		241,408
Exponent, Inc. (b)	9,587		317,234
First Advantage Corp (a)	7,503		105,417
Fuel Tech, Inc. (a) (b)	10,672		193,056
G&K Services, Inc.	12,200		403,210
GeoEye, Inc. (a) (b)	10,978		242,943
Healthcare Services Group, Inc. (a)	28,064		513,291
Heidrick & Struggles International, Inc. (a)	11,860		357,579
Herman Miller, Inc.	37,758		923,938
Hill International, Inc. (b)	16,010		221,738
HNI Corp. (a)	29,072		736,684
Hudson Highland Group, Inc. (b)	14,268		99,163
Huron Consulting Group, Inc. (a) (b)	13,968		795,897
IKON Office Solutions, Inc.	52,171		887,429
Innerworkings, Inc. (a) (b)	21,565		239,156
Interface, Inc.	33,244		377,984
Kelly Services, Inc. (Class A)	17,549		334,308
Kforce, Inc. (b)	18,129		185,097
Knoll, Inc.	30,139		455,702
Korn/Ferry International (b)	30,619		545,631
Layne Christensen Co. (a) (b)	12,615		446,949
LECG Corp. (b)	14,501		117,023
M&F Worldwide Corp. (a) (b)	8,341		333,640
McGrath Rentcorp (a)	15,045		433,597
Metalico, Inc. (a) (b)	16,247		95,857
Mine Safety Appliances Co. (a)	20,126		767,203
Mobile Mini, Inc. (a) (b)	23,164		447,760
Multi-Color Corp. (a)	6,895		164,722
Navigant Consulting, Inc. (a) (b)	30,039		597,476
Odyssey Marine Exploration, Inc. (a) (b)	25,579		116,129
On Assignment, Inc. (a) (b)	20,637		162,620
PeopleSupport, Inc. (a) (b)	13,989		163,531
Pike Electric Corp. (b)	10,661		157,037
Resources Connection, Inc. (b)	28,983		652,987
Rollins, Inc.	29,043		551,236

Security Description	Shares	Value
Commercial Services & Supplies—(Continued)
RSC Holdings, Inc. (a) (b)	31,909	$	362,486
Schawk, Inc. (a)	10,309		155,872
School Specialty, Inc. (a) (b)	12,829		400,136
Spherion Corp. (b)	36,226		176,421
Team, Inc.	12,181		439,978
Tetra Technologies, Inc. (b)	38,247		920,223
The Advisory Board Co. (b)	11,952		360,472
The GEO Group, Inc. (b)	33,284		672,670
TrueBlue, Inc. (b)	30,139		487,046
United Stationers, Inc. (b)	14,796		707,693
Viad Corp.	14,216		409,279
Volt Information Sciences, Inc. (a) (b)	7,738		69,487
Waste Connections, Inc. (b)	42,411		1,454,697
Waste Services, Inc. (a)	17,330		128,415
Watson Wyatt Worldwide, Inc.	27,563		1,370,708
			29,391,061
Communications Equipment—2.6%
3Com Corp. (b)	262,191		610,905
Acme Packet, Inc. (a) (b)	15,723		90,093
Adtran, Inc. (a)	35,649		694,799
Anaren, Inc. (b)	13,662		138,669
Arris Group, Inc. (b)	79,822		617,024
Aruba Networks, Inc. (a) (b)	35,336		181,274
Avanex Corp.	7,781		36,413
Avocent Corp. (b)	30,183		617,544
Bel Fuse, Inc. (Class B) (a)	7,133		203,076
BigBand Networks, Inc. (a) (b)	23,069		85,125
Black Box Corp.	12,292		424,443
Blue Coat Systems, Inc. (a) (b)	20,555		291,675
Bookham, Inc. (a) (b)	69,852		78,933
Cogo Group, Inc. (a) (b)	17,560		92,541
Comtech Telecommunications Corp. (b)	14,811		729,294
Digi International, Inc. (b)	18,330		186,966
Dycom Industries, Inc. (b)	26,092		339,718
EMS Technologies, Inc. (b)	12,768		284,854
Emulex Corp. (b)	51,645		551,052
Extreme Networks, Inc. (a) (b)	74,142		249,858
Finisar Corp. (a) (b)	205,504		207,559
Foundry Networks, Inc. (b)	93,327		1,699,485
Globecomm Systems, Inc. (b)	14,070		122,972
Harmonic, Inc. (b)	58,826		497,080
Harris Stratex Networks, Inc. (a) (b)	13,458		105,107
Hughes Communications, Inc. (a) (b)	4,058		148,928
Infinera Corp. (a) (b)	60,445		577,854
InterDigital, Inc. (a) (b)	30,258		727,705
Ixia (b)	26,295		193,794
Loral Space & Communications, Inc. (a) (b)	6,397		94,484
MasTec, Inc. (a) (b)	25,880		343,945
MRV Communications, Inc. (a) (b)	90,098		105,415
NETGEAR, Inc. (a) (b)	21,529		322,935
Neutral Tandem, Inc. (b)	11,068		205,201
Nextwave Wireless, Inc. (a) (b)	33,392		20,035
Oplink Communications, Inc. (a) (b)	14,091		170,078
Orbcomm, Inc. (a) (b)	16,019		78,974
ParkerVision, Inc. (a) (b)	16,210		162,100

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-128

Metropolitan Series Fund, Inc.

Russell 2000 Index Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Common Stock—(Continued)

Security Description	Shares	Value
Communications Equipment—(Continued)
PC-Tel, Inc. (b)	14,472	$	134,879
Plantronics, Inc.	31,840		717,037
Polycom, Inc. (b)	56,453		1,305,758
Powerwave Technologies, Inc. (a) (b)	87,179		345,229
Riverbed Technology, Inc. (a) (b)	36,544		457,531
ShoreTel, Inc. (a) (b)	29,847		171,322
Sonus Networks, Inc. (a) (b)	144,761		416,912
Starent Networks Corp. (a) (b)	19,794		256,134
Sycamore Networks, Inc. (b)	115,462		372,942
Symmetricom, Inc. (a) (b)	28,539		141,839
Tekelec, Inc. (a) (b)	42,353		592,518
UTStarcom, Inc. (a) (b)	77,850		262,354
ViaSat, Inc. (b)	14,912		351,625
			17,813,987
Computers & Peripherals—0.9%
3PAR, Inc. (b)	18,633		120,183
Adaptec, Inc. (b)	71,017		232,936
Avid Technology, Inc. (a) (b)	22,062		530,812
Compellent Technologies, Inc. (b)	9,865		122,326
Cray, Inc. (a) (b)	20,991		108,733
Data Domain, Inc. (a) (b)	21,547		479,852
Electronics for Imaging, Inc. (b)	33,985		473,411
Hutchinson Technology, Inc. (a) (b)	16,128		186,762
Hypercom Corp. (b)	49,583		197,340
Imation Corp. (a)	21,384		483,065
Immersion Corp. (a) (b)	16,446		95,716
Intermec, Inc. (a) (b)	39,805		781,770
Intevac, Inc. (b)	14,334		152,514
Netezza Corp. (b)	26,060		276,497
Novatel Wireless, Inc. (a) (b)	18,653		113,037
Palm, Inc. (a) (b)	77,857		464,806
Quantum Corp. (a) (b)	116,270		122,083
Rackable Systems, Inc. (a) (b)	18,071		177,277
STEC, Inc. (a) (b)	20,594		158,574
Stratasys, Inc. (a) (b)	11,733		204,975
Super Micro Computer, Inc. (b)	15,529		139,916
Synaptics, Inc. (a) (b)	26,541		802,069
			6,424,654
Construction & Engineering—0.6%
EMCOR Group, Inc. (b)	43,981		1,157,580
Furmanite Corp. (b)	25,504		263,711
Granite Construction, Inc. (a)	21,617		774,321
Great Lakes Dredge & Dock Corp. (b)	28,321		178,706
Insituform Technologies, Inc. (a) (b)	18,179		271,958
Northwest Pipe Co. (a) (b)	5,677		247,631
Orion Marine Group, Inc. (a) (b)	14,296		149,965
Perini Corp. (b)	32,551		839,490
Sterling Construction Co., Inc. (a)	8,227		133,277
			4,016,639
Construction Materials—0.2%
Headwaters, Inc. (a) (b)	27,972		373,426
Texas Industries, Inc. (a)	16,438		671,657

Security Description	Shares	Value
Construction Materials—(Continued)
U.S. Concrete, Inc. (a) (b)	39,530	$	176,699
			1,221,782
Consumer Finance—0.4%
Advance America Cash Advance Centers, Inc.	43,274		129,389
Advanta Corp. (Class B) (a)	22,458		184,829
Cash America International, Inc.	17,989		648,324
Dollar Financial Corp. (a) (b)	16,563		254,905
EzCorp., Inc. (b)	25,729		483,705
First Cash Financial Services (b)	15,881		238,215
Nelnet, Inc. (a)	10,868		154,326
The First Marblehead Corp. (a) (b)	50,013		124,532
World Acceptance Corp. (a) (b)	12,260		441,360
			2,659,585
Containers & Packaging—0.3%
Graphic Packaging Holding Co. (a) (b)	99,937		249,842
Myers Industries, Inc.	18,955		239,023
Rock-Tenn Co.	24,909		995,862
Silgan Holdings, Inc.	16,449		840,379
			2,325,106
Distributors—0.0%
Audiovox Corp. (b)	12,365		115,860
Core-Mark Holding Co., Inc. (a) (b)	5,639		140,919
			256,779
Diversified Consumer Services—1.0%
American Public Education, Inc. (a) (b)	7,447		359,541
Capella Education Co. (a) (b)	9,374		401,770
Coinstar, Inc. (a) (b)	18,307		585,824
Corinthian Colleges, Inc. (a) (b)	55,867		838,005
Jackson Hewitt Tax Service, Inc. (a)	19,469		298,654
Matthews International Corp.	20,790		1,054,885
PrePaid Legal Services, Inc. (a)	4,860		200,524
Regis Corp.	27,373		752,757
Sotheby’s Holdings, Inc. (Class A) (a)	45,005		902,800
Steiner Leisure, Ltd. (b)	10,437		358,824
Stewart Enterprises, Inc. (a)	59,993		471,545
thinkorswim Group, Inc. (a) (b)	39,002		324,887
Universal Technical Institute, Inc. (a) (b)	14,118		240,853
			6,790,869
Diversified Financial Services—0.4%
Asset Acceptence Capital Corp. (a) (b)	15,616		164,593
Compass Diversified Trust	14,166		197,474
Financial Federal Corp. (a)	16,143		369,997
Interactive Brokers Group, Inc. (b)	26,505		587,616
MarketAxess Holdings, Inc. (a) (b)	22,737		183,488
PHH Corp. (b)	34,498		458,478
Pico Holdings, Inc. (a) (b)	10,763		386,499
Portfolio Recovery Associates, Inc. (a) (b)	10,501		510,664
			2,858,809

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-129

Metropolitan Series Fund, Inc.

Russell 2000 Index Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Common Stock—(Continued)

Security Description	Shares	Value
Diversified Telecommunication Services—0.8%
Alaska Communication Systems, Inc. (a)	28,336	$	346,549
Atlantic Tele-Network, Inc.	5,823		163,044
Cbeyond, Inc. (a) (b)	15,923		229,132
Cincinnati Bell, Inc. (b)	150,258		464,297
Cogent Communications Group, Inc. (a) (b)	30,249		233,522
Consolidated Communications Holdings, Inc. (a)	14,378		216,820
DMRC Corp. (b)	3,928		45,778
Fairpoint Communications, Inc. (a)	54,444		472,030
General Communication, Inc. (a) (b)	33,319		308,534
Global Crossing, Ltd. (a) (b)	20,150		305,474
Iowa Telecommunications Services, Inc. (a)	19,030		355,480
NTELOS Holdings Corp.	19,410		521,935
PAETEC Holding Corp. (a) (b)	80,095		172,204
Premiere Global Services, Inc. (b)	37,778		531,159
Shenandoah Telecommunications Co.	14,453		318,978
tw telecom, inc. (a) (b)	98,507		1,023,488
			5,708,424
Electric Utilities—1.5%
Allete, Inc. (a)	16,309		725,750
Central Vermont Public Service	6,238		146,219
CLECO Corp.	38,790		979,447
El Paso Electric Co. (b)	30,498		640,458
Empire District Electric Co. (a)	21,975		469,166
IDACORP, Inc. (a) (b)	29,169		848,526
ITC Holdings Corp.	31,727		1,642,507
MGE Energy, Inc. (a)	14,343		509,894
Otter Tail Corp. (a)	19,404		596,285
Portland General Electric Co.	40,301		953,522
UIL Holdings Corp. (a)	16,379		562,291
Unisource Energy Corp.	21,416		625,133
Westar Energy, Inc.	67,342		1,551,560
			10,250,758
Electrical Equipment—2.0%
A.O. Smith Corp. (a)	13,278		520,365
Acuity Brands, Inc. (a)	26,277		1,097,328
Advanced Battery Technologies, Inc. (b)	30,239		97,672
American Superconductor Corp. (a) (b)	27,164		640,255
AZZ, Inc. (a) (b)	7,338		303,573
Baldor Electric Co. (a)	29,805		858,682
Belden, Inc. (a)	29,488		937,424
Capstone Turbine Corp. (a) (b)	96,814		124,890
Encore Wire Corp. (a)	14,708		266,362
Ener1, Inc. (a) (b)	24,918		194,610
Energy Conversion Devices, Inc. (a) (b)	26,098		1,520,208
EnerSys (a) (b)	18,079		356,337
Evergreen Solar, Inc. (a) (b)	84,378		465,767
Franklin Electric, Inc. (a)	14,923		664,820
FuelCell Energy, Inc. (a) (b)	41,421		249,769
Fushi Copperweld, Inc. (b)	9,660		93,605
GrafTech International, Ltd. (b)	75,599		1,142,301
GT Solar International, Inc.	19,253		209,088
II-VI, Inc. (b)	16,368		632,787
LSI Industries, Inc.	16,398		135,611
Microvision, Inc. (a) (b)	39,881		77,369

Security Description	Shares	Value
Electrical Equipment—(Continued)
Plug Power, Inc. (a) (b)	57,674	$	57,097
Polypore International, Inc. (b)	10,847		233,319
Powell Industries, Inc. (b)	4,404		179,727
Regal Beloit Corp. (a)	20,843		886,244
Valence Technology, Inc. (a) (b)	37,370		128,927
Vicor Corp. (a)	15,700		139,416
Woodward Governor Co.	37,350		1,317,334
			13,530,887
Electronic Equipment & Instruments—2.0%
Agilysys, Inc. (a)	20,665		208,510
Anixter International, Inc. (a) (b)	20,208		1,202,578
Benchmark Electronics, Inc. (b)	43,585		613,677
Brightpoint, Inc. (a) (b)	30,518		219,730
Checkpoint Systems, Inc. (b)	26,372		496,321
Cogent, Inc. (a) (b)	27,200		277,984
Cognex Corp. (a)	27,796		560,367
Coherent, Inc. (b)	15,435		548,714
Comverge, Inc. (a) (b)	14,757		67,882
CTS Corp.	24,167		308,854
Daktronics, Inc. (a)	24,015		400,090
DTS, Inc. (a) (b)	12,053		335,435
Echelon Corp. (a) (b)	22,668		223,960
Electro Scientific Industries, Inc. (b)	17,241		245,167
FARO Technologies, Inc. (a) (b)	11,147		227,064
Gerber Scientific, Inc. (b)	12,272		112,166
Insight Enterprises, Inc. (b)	31,718		425,338
IPG Photonics Corp. (b)	12,833		250,372
Kemet Corp. (a) (b)	47,399		64,463
L-1 Identity Solutions, Inc. (a) (b)	46,548		711,253
Littelfuse, Inc. (b)	13,779		409,650
Maxwell Technologies, Inc. (a)	12,606		168,164
Measurement Specialties, Inc. (b)	10,016		174,679
Mercury Computer Systems, Inc. (b)	12,071		107,432
Methode Electronics, Inc.	22,249		198,906
MTS Systems Corp.	11,959		503,474
Multi-Fineline Electronix, Inc. (a) (b)	5,936		87,793
Newport Corp. (a) (b)	26,749		288,354
OSI Systems, Inc. (b)	10,131		238,180
OYO Geospace Corp. (a) (b)	2,297		90,226
Park Electrochemical Corp.	12,787		309,957
Photon Dynamics, Inc.	12,503		191,921
Plexus Corp. (b)	27,090		560,763
RadiSys Corp. (a) (b)	14,648		125,973
Rofin-Sinar Technologies, Inc. (b)	19,918		609,690
Rogers Corp. (a) (b)	11,170		413,067
Sanmina-SCI Corp. (b)	346,519		485,127
Scansource, Inc. (a) (b)	16,538		476,129
Smart Modular Technologies, Inc. (a) (b)	30,764		92,292
SYNNEX Corp. (a) (b)	9,776		218,396
Technitrol, Inc.	27,072		400,395
TTM Technologies, Inc. (b)	26,267		260,569
Universal Display Corp. (a) (b)	15,842		173,628
			14,084,690

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-130

Metropolitan Series Fund, Inc.

Russell 2000 Index Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Common Stock—(Continued)

Security Description	Shares	Value
Energy Equipment & Services—2.0%
Allis-Chalmers Energy, Inc. (a) (b)	16,875	$	213,469
Basic Energy Services, Inc. (a) (b)	26,849		571,884
Bolt Technology Corp. (b)	6,185		89,497
Bristow Group, Inc. (a)	12,623		427,162
Bronco Drilling Co., Inc. (a) (b)	16,422		167,833
Cal Dive International, Inc. (b)	26,651		282,501
CARBO Ceramics, Inc. (a)	12,789		660,040
Complete Production Services, Inc. (a) (b)	31,099		626,023
Dawson Geophysical Co. (a) (b)	5,124		239,240
Dril-Quip, Inc. (b)	19,998		867,713
ENGlobal Corp. (b)	18,595		246,756
Grey Wolf, Inc. (a) (b)	111,714		869,135
Gulf Island Fabrication, Inc.	8,075		278,345
Gulfmark Offshore, Inc. (a) (b)	13,789		618,850
Hornbeck Offshore Services, Inc. (a) (b)	15,736		607,724
ION Geophysical Corp. (a) (b)	52,448		744,237
Lufkin Industries, Inc.	9,623		763,585
Matrix Service Co. (b)	18,598		355,222
Mitcham Industries, Inc. (b)	7,134		71,982
NATCO Group, Inc. (b)	13,050		524,349
Natural Gas Services Group, Inc. (b)	8,238		143,918
Newpark Resources, Inc. (a) (b)	59,296		432,861
Parker Drilling Co. (a) (b)	73,654		590,705
PHI, Inc. (a) (b)	8,963		331,004
Pioneer Drilling Co. (a) (b)	30,616		407,193
RPC, Inc. (a)	23,695		333,152
Smith International, Inc. (b)	12,324		722,679
Superior Well Services, Inc. (a) (b)	10,288		260,389
T-3 Energy Services, Inc. (b)	8,164		303,048
Trico Marine Services, Inc. (a) (b)	9,929		169,587
Union Drilling, Inc.	12,467		132,025
Willbros Group, Inc. (a) (b)	25,158		666,687
			13,718,795
Exchange Traded Funds—2.2%
iShares Russell 2000 Index Fund (a)	225,800		15,442,462
Food & Staples Retailing—1.0%
Casey’s General Stores, Inc. (a)	33,237		1,002,760
Great Atlantic & Pacific Tea Co., Inc. (a)	23,378		252,950
Ingles Markets, Inc. (a)	7,334		167,435
Longs Drug Stores Corp. (a)	22,066		1,669,072
Nash Finch Co. (a)	9,613		414,513
Pricesmart, Inc. (a)	8,493		142,173
Ruddick Corp.	27,458		891,012
Spartan Stores, Inc.	14,846		369,369
The Andersons, Inc. (a)	12,096		426,021
The Pantry, Inc. (a) (b)	14,653		310,497
United Natural Foods, Inc. (a) (b)	26,341		658,262
Weis Markets, Inc.	7,822		281,670
Winn-Dixie Stores, Inc. (a) (b)	35,721		496,522
			7,082,256
Food Products—1.7%
AgFeed Industries, Inc. (a) (b)	13,939		110,118
B&G Foods, Inc.	15,047		107,586

Security Description	Shares	Value
Food Products—(Continued)
Cal-Maine Foods, Inc. (a)	8,978	$	246,356
Chiquita Brands International, Inc. (a)	28,967		457,968
Darling International, Inc. (b)	52,851		587,175
Diamond Foods, Inc. (a)	11,210		314,216
Flowers Foods, Inc.	52,138		1,530,772
Fresh Del Monte Produce, Inc. (a) (b)	27,618		613,120
Green Mountain Coffee Roasters, Inc. (a) (b)	10,328		406,303
Hain Celestial Group, Inc. (a) (b)	26,710		735,326
Imperial Sugar Co. (a)	6,849		92,735
J&J Snack Foods Corp.	9,782		331,708
Lancaster Colony Corp.	12,997		489,467
Lance, Inc. (a)	19,320		438,371
Omega Protein Corp. (b)	13,193		155,150
Pilgrim’s Pride Corp. (a)	30,208		75,218
Ralcorp Holdings, Inc. (a) (b)	36,253		2,443,815
Reddy Ice Holdings, Inc. (a)	13,615		49,695
Sanderson Farms, Inc. (a)	13,479		495,218
Seaboard Corp. (a)	219		275,283
Smart Balance, Inc. (b)	42,576		279,299
Synutra International, Inc. (a) (b)	7,279		146,526
Tootsie Roll Industries, Inc. (a)	15,965		461,548
Treehouse Foods, Inc. (b)	18,656		554,083
Zhongpin, Inc. (a) (b)	13,539		143,920
			11,540,976
Gas Utilities—1.2%
Chesapeake Utilities Corp.	4,668		155,024
EnergySouth, Inc. (a)	4,257		261,508
Laclede Group, Inc. (a)	15,452		749,267
New Jersey Resources Corp. (a)	27,032		970,179
Nicor, Inc. (a)	30,469		1,351,300
Northwest Natural Gas Co. (a)	16,676		867,152
Piedmont Natural Gas Co. (a)	50,197		1,604,296
South Jersey Industries, Inc. (a)	18,897		674,623
Southwest Gas Corp.	27,919		844,829
WGL Holdings, Inc. (a)	31,834		1,033,013
			8,511,191
Health Care Equipment & Supplies—3.6%
Abaxis, Inc. (a) (b)	14,594		287,502
ABIOMED, Inc. (a) (b)	19,560		347,190
Accuray, Inc. (a) (b)	25,622		206,770
Align Technology, Inc. (a) (b)	41,474		449,164
American Medical Systems Holdings, Inc. (a) (b)	51,561		915,723
Analogic Corp.	9,258		460,678
Angiodynamics, Inc. (b)	16,977		268,237
ArthroCare Corp. (a) (b)	17,369		481,469
Conceptus, Inc. (a) (b)	18,228		302,220
Conmed Corp. (b)	19,090		610,880
Cyberonics, Inc. (a) (b)	16,539		281,163
Cynosure, Inc. (a) (b)	9,672		173,516
Datascope Corp.	9,172		473,550
DexCom, Inc. (b)	19,841		122,816
ev3, Inc. (a) (b)	47,024		472,121
Exactech, Inc. (b)	5,322		118,361
Greatbatch, Inc. (a) (b)	14,650		359,511

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-131

Metropolitan Series Fund, Inc.

Russell 2000 Index Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Common Stock—(Continued)

Security Description	Shares	Value
Health Care Equipment & Supplies—(Continued)
Haemonetics Corp. (b)	17,070	$	1,053,560
Hansen Medical, Inc. (a) (b)	12,148		163,269
I Flow Corp. (a) (b)	19,111		177,923
ICU Medical, Inc. (a) (b)	9,981		303,522
Immucor, Inc. (b)	45,187		1,444,177
Insulet Corp. (b)	12,961		180,417
Integra LifeSciences Holdings (a) (b)	11,261		495,822
Invacare Corp. (a)	21,559		520,434
Iris International, Inc.	13,110		234,669
Kensey Nash Corp. (b)	5,237		164,756
Masimo Corp. (a) (b)	30,040		1,117,488
Mentor Corp. (a)	22,570		538,520
Meridian Bioscience, Inc.	26,382		766,133
Merit Medical Systems, Inc. (b)	18,475		346,776
Micrus Endovascular Corp. (a) (b)	9,469		132,093
Natus Medical, Inc. (a) (b)	18,650		422,609
Neogen Corp. (b)	10,072		283,829
NuVasive, Inc. (b)	23,199		1,144,407
OraSure Technologies, Inc. (a) (b)	34,671		170,581
Orthofix International NV (b)	13,621		253,759
Palomar Medical Technologies, Inc. (a) (b)	11,206		150,833
Quidel Corp. (b)	19,051		312,627
RTI Biologics, Inc. (b)	36,658		342,752
Sirona Dental Systems, Inc. (a) (b)	10,033		233,568
Somanetics Corp. (a)	9,278		202,910
SonoSite, Inc. (b)	10,253		321,944
Spectranetics Corp. (a) (b)	19,194		88,868
STERIS Corp.	39,327		1,477,909
SurModics, Inc. (a) (b)	9,719		306,051
Symmetry Medical, Inc. (b)	23,943		444,382
Synovis Life Technologies, Inc. (b)	9,090		171,074
Thoratec Corp. (a) (b)	34,557		907,121
TomoTherapy, Inc. (a) (b)	28,676		131,336
TranS1, Inc. (a) (b)	9,256		91,542
Vital Signs, Inc.	6,688		494,243
Vnus Medical Technologies, Inc. (b)	9,368		196,072
Volcano Corp. (b)	31,778		549,442
West Pharmaceutical Services, Inc. (a)	21,132		1,031,664
Wright Medical Group, Inc. (b)	26,502		806,721
Zoll Medical Corp. (b)	13,957		456,673
			24,963,347
Health Care Providers & Services—3.1%
Air Methods Corp. (a) (b)	6,724		190,356
Alliance Imaging, Inc. (b)	16,629		170,780
Almost Family, Inc. (b)	4,862		192,292
Amedisys, Inc. (b)	17,349		844,376
AMERIGROUP Corp. (b)	35,168		887,640
AMN Healthcare Services, Inc. (b)	21,359		375,278
AmSurg Corp. (b)	20,671		526,490
Apria Healthcare Group, Inc. (b)	29,091		530,620
Assisted Living Concepts, Inc. (a) (b)	51,522		328,195
athenahealth, Inc. (a) (b)	13,877		461,688
BIO-Reference Laboratories, Inc. (a) (b)	6,543		189,093
Capital Senior Living Corp. (a) (b)	17,540		133,304
Catalyst Health Solutions, Inc.	21,754		568,214

Security Description	Shares	Value
Health Care Providers & Services—(Continued)
Centene Corp. (b)	32,111	$	658,597
Chemed Corp. (a)	15,280		627,397
Chindex International, Inc. (b)	8,098		87,944
Corvel Corp. (b)	5,760		164,794
Cross Country Healthcare, Inc. (b)	22,155		360,905
CryoLife, Inc. (a) (b)	19,595		257,086
Emergency Medical Services Corp. (a) (b)	5,882		175,754
Emeritus Corp. (a) (b)	13,754		342,475
Five Star Quality Care, Inc. (a)	24,290		91,087
Genoptix, Inc. (b)	6,000		196,020
Gentiva Health Services, Inc. (b)	18,854		507,927
Hanger Orthopedic Group, Inc. (b)	16,063		280,299
Healthsouth Corp. (a) (b)	51,760		953,937
Healthspring, Inc. (b)	32,796		693,963
Healthways, Inc. (a) (b)	23,126		373,022
HMS Holdings Corp. (b)	16,943		405,954
inVentiv Health, Inc. (b)	21,700		383,222
Kindred Healthcare, Inc. (b)	18,529		510,845
Landauer, Inc. (a)	5,855		425,951
LHC Group, Inc. (b)	8,704		247,890
Magellan Health Services, Inc. (a) (b)	26,411		1,084,436
MedCath Corp. (b)	11,258		201,743
Molina Healthcare, Inc. (a) (b)	12,343		382,633
MWI Veterinary Supply, Inc. (a) (b)	7,031		276,248
National Healthcare Corp. (a)	5,865		276,359
Nighthawk Radiology Holdings, Inc. (a) (b)	13,278		95,867
Odyssey Healthcare, Inc. (b)	25,972		263,616
Owens & Minor, Inc. (a)	26,719		1,295,871
PharMerica Corp. (b)	20,347		457,604
Providence Service Corp. (a) (b)	9,010		88,298
PSS World Medical, Inc. (b)	42,327		825,376
Psychiatric Solutions, Inc. (a) (b)	37,105		1,408,135
RehabCare Group, Inc. (b)	10,778		195,082
Res-Care, Inc. (b)	16,070		291,510
Skilled Healthcare Group, Inc. (b)	14,177		225,273
Sun Healthcare Group, Inc. (b)	26,563		389,414
Sunrise Senior Living, Inc. (a) (b)	28,803		397,193
Triple-S Management Corp. (a) (b)	10,309		167,934
U.S. Physical Therapy, Inc.	8,827		153,237
			21,619,224
Health Care Technology—0.4%
Allscripts Heathcare Solutions, Inc. (a) (b)	38,021		472,981
Computer Programs & Systems, Inc. (a)	5,856		169,531
Eclipsys Corp. (a) (b)	35,787		749,738
MedAssets, Inc. (b)	10,952		188,375
Omnicell, Inc. (a) (b)	20,699		272,192
Phase Forward, Inc. (b)	28,519		596,332
Vital Images, Inc. (a) (b)	10,111		151,665
			2,600,814
Hotels, Restaurants & Leisure—2.2%
AFC Enterprises, Inc. (a) (b)	19,632		142,528
Ambassadors Group, Inc. (a)	11,473		182,535
Ameristar Casinos, Inc. (a)	16,928		240,208
Bally Technologies, Inc. (a) (b)	35,375		1,071,155

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-132

Metropolitan Series Fund, Inc.

Russell 2000 Index Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Common Stock—(Continued)

Security Description	Shares	Value
Hotels, Restaurants & Leisure—(Continued)
BJ’s Restaurants, Inc. (a) (b)	10,206	$	121,860
Bob Evans Farms, Inc. (a)	19,755		539,114
Buffalo Wild Wings, Inc. (a) (b)	12,741		512,698
California Pizza Kitchen, Inc. (a) (b)	16,897		217,464
CBRL Group, Inc. (a)	14,976		393,869
CEC Entertainment, Inc. (b)	14,049		466,427
Churchill Downs, Inc.	5,549		271,790
CKE Restaurants, Inc. (a)	35,991		381,505
Denny’s Corp. (b)	67,630		174,485
DineEquity, Inc. (a)	10,820		182,425
Domino’s Pizza, Inc. (a) (b)	26,291		319,173
Gaylord Entertainment Co. (a) (b)	25,884		760,213
Jack in the Box, Inc. (b)	37,088		782,557
Krispy Kreme Doughnuts, Inc. (a) (b)	38,377		126,644
Landry’s Restaurants, Inc. (a)	8,548		132,921
Life Time Fitness, Inc. (a) (b)	22,744		711,205
Marcus Corp. (a)	15,610		251,009
Morgans Hotel Group Co. (a) (b)	18,708		204,104
O’Charleys, Inc. (a)	16,600		145,250
P.F. Chang’s China Bistro, Inc. (a) (b)	16,111		379,253
Papa John’s International, Inc. (b)	13,676		371,440
Peet’s Coffee & Tea, Inc. (a) (b)	8,820		246,254
Pinnacle Entertainment, Inc. (a) (b)	45,209		341,780
Red Robin Gourmet Burgers, Inc. (a) (b)	13,382		358,638
Ruby Tuesday, Inc. (a)	35,010		202,708
Shuffle Master, Inc. (a) (b)	20,839		106,071
Sonic Corp. (a) (b)	37,820		551,037
Speedway Motorsports, Inc. (a)	8,883		173,041
Texas Roadhouse, Inc. (a) (b)	31,607		284,147
The Cheesecake Factory (b)	43,774		639,976
The Steak N Shake Co. (a) (b)	15,973		138,646
Town Sports International Holdings, Inc. (a) (b)	10,287		62,751
Vail Resorts, Inc. (a) (b)	19,914		695,994
Wendy’s/Arby’s Group, Inc.	250,401		1,317,108
WMS Industries, Inc. (a) (b)	28,541		872,498
			15,072,481
Household Durables—1.1%
American Greetings Corp. (Class A) (a)	30,939		473,057
Avatar Holding, Inc. (a) (b)	3,358		110,814
Beazer Homes USA, Inc. (a)	23,725		141,875
Blyth, Inc.	15,326		173,797
Cavco Industries Inc. (a)	4,504		162,820
Champion Enterprises, Inc. (a) (b)	51,174		284,016
CSS Industries, Inc.	4,704		121,081
Ethan Allen Interiors, Inc. (a)	15,394		431,340
Furniture Brands International, Inc. (a)	29,013		305,217
Helen of Troy, Ltd. (b)	18,491		421,040
Hooker Furniture Corp. (a)	7,384		131,066
Hovnanian Enterprises, Inc. (Class A) (a) (b)	31,771		253,850
iRobot Corp. (a) (b)	12,683		187,962
Kimball International, Inc. (Class B) (a)	28,479		307,573
La-Z-Boy, Inc. (a)	32,284		300,887
M/I Schottenstein Homes, Inc. (a)	8,667		197,434
Meritage Homes Corp. (a) (b)	20,380		503,386
National Presto Industries, Inc. (a)	2,609		194,370

Security Description	Shares	Value
Household Durables—(Continued)
Ryland Group, Inc.	27,611	$	732,244
Sealy Corp. (a)	27,397		176,985
Standard-Pacific Corp. (a) (b)	39,264		192,786
Tempur-Pedic International, Inc. (a)	47,078		553,637
Tupperware Brands Corp.	40,052		1,106,637
Universal Electronics, Inc. (a) (b)	9,803		244,879
			7,708,753
Household Products—0.1%
Central Garden & Pet Co. (a) (b)	43,733		260,211
WD-40 Co.	10,145		364,510
			624,721
Independent Power Producers & Energy Traders—0.1%
Ormat Technologies, Inc. (a)	11,722		425,860
Synthesis Energy Systems, Inc. (a) (b)	13,098		63,526
			489,386
Industrial Conglomerates—0.2%
Raven Industries, Inc. (a)	9,918		390,273
Standex International Corp.	11,526		319,847
Tredegar Industries, Inc.	22,277		396,308
			1,106,428
Insurance—3.7%
AMBAC Financial Group, Inc. (a)	193,136		450,007
American Equity Investment Life Holding Co. (a)	36,575		274,312
American Physicians Capital, Inc.	6,414		271,505
Amerisafe, Inc. (b)	11,822		215,160
Amtrust Financial Services, Inc. (a)	15,935		216,557
Argo Group International Holdings, Ltd.	20,137		742,048
Aspen Insurance Holdings, Ltd.	57,655		1,585,512
Assured Guaranty, Ltd. (a)	36,518		593,783
Baldwin & Lyons, Inc. (Class B) (a)	6,414		153,744
Castlepoint Holdings, Ltd. (a)	23,312		259,462
Citizens, Inc. (a) (b)	22,172		182,254
CNA Surety Corp. (a) (b)	9,923		165,714
Crawford & Co. (Class B) (a)	17,980		273,296
Darwin Professional Underwriters, Inc. (b)	5,561		173,003
Delphi Financial Group, Inc.	25,658		719,450
Donega Group, Inc.	8,649		156,806
eHealth, Inc. (a) (b)	16,863		269,808
Employers Holdings, Inc.	33,650		584,837
Enstar Group, Ltd. (a) (b)	4,274		416,117
FBL Financial Group, Inc.	8,813		245,794
First Mercury Financial Corp. (b)	10,341		147,359
Flagstone Reinsurance Holdings, Ltd. (a)	20,769		213,298
FPIC Insurance Group, Inc. (b)	5,920		304,229
Greenlight Capital Re, Ltd. (b)	19,232		442,144
Harleysville Group, Inc. (a)	9,700		366,660
Horace Mann Educators Corp.	26,595		342,278
Infinity Property & Casualty Corp.	13,290		547,548
IPC Holdings, Ltd.	38,356		1,158,735
Kansas City Life Insurance Co.	3,354		154,284
Landamerica Financial Group, Inc. (a)	11,411		276,717

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-133

Metropolitan Series Fund, Inc.

Russell 2000 Index Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Common Stock—(Continued)

Security Description	Shares	Value
Insurance—(Continued)
Maiden Holdings, Ltd. (a)	34,068	$	148,196
Max Capital Group, Ltd.	36,394		845,433
Meadowbrook Insurance Group, Inc. (b)	37,114		262,025
Montpelier Re Holdings, Ltd. (a)	67,329		1,111,602
National Financial Partners Corp. (a)	26,174		392,610
National Western Life Insurance Co.	1,512		366,010
Odyssey Re Holdings Corp. (a)	17,162		751,696
Phoenix Cos., Inc. (a)	81,652		754,464
Platinum Underwriters Holdings, Ltd.	31,804		1,128,406
PMA Capital Corp. (b)	28,283		249,456
Presidential Life Corp.	15,310		241,745
ProAssurance Corp. (b)	20,858		1,168,048
Quanta Capital Holdings, Ltd. (b)	52,027		143,594
RLI Corp. (a)	12,921		802,265
Safety Insurance Group, Inc.	10,092		382,789
SeaBright Insurance Holdings, Inc. (b)	12,481		162,253
Selective Insurance Group, Inc.	35,452		812,560
State Auto Financial Corp.	9,434		274,246
Stewart Information Services Corp.	11,597		345,011
The Navigators Group, Inc. (b)	8,311		482,038
Tower Group, Inc.	12,792		301,379
United America Indemity, Ltd. (b)	15,178		215,983
United Fire & Casualty Co.	14,209		406,235
Universal American Financial Corp. (a) (b)	28,541		347,915
Validus Holdings, Ltd. (a) (b)	42,096		978,732
Zenith National Insurance Corp.	23,688		867,928
			25,845,040
Internet & Catalog Retail—0.4%
1-800-FLOWERS.COM, Inc. (a)	19,091		114,928
Blue Nile, Inc. (a) (b)	10,191		436,888
Gaiam, Inc. (a) (b)	17,131		181,588
GSI Commerce, Inc. (b)	16,053		248,500
Netflix, Inc. (a) (b)	25,485		786,977
Nutri/System, Inc. (a) (b)	20,512		363,473
Orbitz Worldwide, Inc. (a) (b)	20,423		119,883
Overstock.com, Inc. (a) (b)	10,438		206,777
PetMed Express, Inc. (a) (b)	16,381		257,182
Shutterfly, Inc. (a) (b)	13,808		132,695
Stamps.com, Inc. (a) (b)	10,227		119,349
Systemax, Inc. (a) (b)	7,935		111,566
			3,079,806
Internet Software & Services—2.0%
Ariba, Inc. (b)	55,317		781,629
Art Technology Group, Inc. (b)	76,761		270,199
Asiainfo Holdings, Inc. (b)	20,202		185,454
Bankrate, Inc. (a) (b)	7,602		295,794
Cass Information Systems, Inc. (a)	4,912		176,095
comScore, Inc. (b)	11,964		210,925
Constant Contact, Inc. (a) (b)	13,574		231,708
DealerTrack Holdings, Inc. (a) (b)	27,908		469,971
Digital River, Inc. (a) (b)	25,347		821,243
DivX, Inc. (b)	14,635		94,689
EarthLink, Inc. (a) (b)	69,074		587,129
Entrust, Inc. (a) (b)	42,744		91,900

Security Description	Shares	Value
Internet Software & Services—(Continued)
Greenfield Online, Inc. (b)	17,906	$	311,564
InfoSpace, Inc. (b)	30,704		333,138
Internap Network Services Corp. (a) (b)	30,035		104,522
Internet Capital Group, Inc. (a) (b)	29,139		236,317
Interwoven, Inc. (b)	29,924		422,527
j2 Global Communications, Inc. (b)	29,625		691,744
Keynote Systems, Inc. (a) (b)	10,145		134,421
Liquidity Services, Inc. (b)	10,729		116,410
LoopNet, Inc. (a) (b)	25,998		255,560
Marchex, Inc. (a)	16,789		172,759
MercadoLibre, Inc. (a) (b)	16,558		336,955
ModusLink Global Solutions, Inc. (b)	29,234		280,939
NIC, Inc. (b)	24,542		169,340
Omniture, Inc. (a) (b)	40,376		741,303
Online Resources Corp. (a) (b)	20,541		159,604
Perficient, Inc. (a) (b)	28,133		186,803
RealNetworks, Inc. (a) (b)	66,317		336,890
S1 Corp. (b)	34,158		209,047
SAVVIS, Inc. (a) (b)	24,770		332,909
SonicWall, Inc. (b)	40,485		212,141
Switch & Data Facilities Co., Inc. (b)	13,728		170,914
Terremark Worldwide, Inc. (a) (b)	29,552		203,022
The Knot, Inc. (a) (b)	17,057		142,426
United Online, Inc.	50,168		472,081
ValueClick, Inc. (b)	62,129		635,580
Vignette Corp. (b)	18,591		199,667
VistaPrint, Ltd. (a) (b)	28,833		946,876
Vocus, Inc. (b)	10,601		360,010
Websense, Inc. (b)	32,413		724,431
Website Pros, Inc. (a) (b)	19,051		102,875
			13,919,511
IT Services—2.0%
Acxiom Corp.	39,865		499,907
BearingPoint, Inc. (a) (b)	121,992		63,436
CACI International, Inc. (Class A) (b)	18,545		929,105
Ciber, Inc. (b)	32,578		227,720
CSG Systems International, Inc. (b)	25,464		446,384
Cybersource Corp. (b)	45,111		726,738
Euronet Worldwide, Inc. (a) (b)	31,152		521,173
ExlService Holdings, Inc. (a) (b)	14,049		123,350
Forrester Research, Inc. (b)	12,247		359,082
Gartner, Inc. (Class A) (a) (b)	39,669		899,693
Global Cash Access, Inc. (a) (b)	27,053		136,888
Heartland Payment Systems, Inc. (a)	16,385		418,801
iGate Corp. (b)	15,358		133,154
infoGROUP, Inc.	24,161		159,704
Integral Systems, Inc. (a)	13,332		276,906
Mantech International Corp. (b)	13,332		790,454
MAXIMUS, Inc.	11,910		438,764
MPS Group, Inc. (b)	67,017		675,531
Ness Technologies, Inc. (b)	26,083		299,172
Perot Systems Corp. (Class A) (b)	59,321		1,029,219
RightNow Technologies, Inc. (a) (b)	18,528		232,897
Safeguard Scientifics, Inc. (a) (b)	66,647		83,309
Sapient Corp. (b)	57,748		429,068

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-134

Metropolitan Series Fund, Inc.

Russell 2000 Index Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Common Stock—(Continued)

Security Description	Shares	Value
IT Services—(Continued)
SI International, Inc. (a) (b)	9,254	$	278,083
SRA International, Inc. (b)	30,008		679,081
Sykes Enterprises, Inc. (b)	20,294		445,656
Syntel, Inc. (a)	7,885		193,183
TeleTech Holdings, Inc. (a) (b)	25,316		314,931
The Hackett Group, Inc. (b)	28,213		153,479
TNS, Inc. (b)	16,455		318,733
VeriFone Holdings, Inc. (a) (b)	44,469		735,517
Wright Express Corp. (b)	24,854		741,892
			13,761,010
Leisure Equipment & Products—0.6%
Brunswick Corp. (a)	56,263		719,604
Callaway Golf Co.	41,730		587,141
JAKKS Pacific, Inc. (a) (b)	16,889		420,705
LeapFrog Enterprises, Inc. (b)	28,909		305,279
Polaris Industries, Inc. (a)	21,479		977,080
Pool Corp. (a)	31,377		732,025
RC2 Corp. (b)	10,877		217,540
Smith & Wesson Holding Corp. (a) (b)	27,194		101,705
Steinway Musical Instruments, Inc. (a) (b)	4,118		116,622
			4,177,701
Life Sciences Tools & Services—1.4%
Affymetrix, Inc. (a) (b)	42,415		328,292
Albany Molecular Research, Inc. (b)	13,735		248,466
AMAG Pharmaceuticals, Inc. (a) (b)	11,452		443,536
Bio-Rad Laboratories, Inc. (b)	12,352		1,224,330
Bruker Biosciences Corp. (b)	40,189		535,719
Cambrex Corp.	14,910		91,697
Dionex Corp. (b)	12,610		801,366
Enzo Biochem, Inc. (a) (b)	22,322		245,096
eResearch Technology, Inc. (b)	26,533		316,008
Exelixis, Inc. (a) (b)	80,737		490,881
Kendle International, Inc. (b)	8,850		395,684
Life Sciences Research, Inc. (a) (b)	6,299		220,465
Luminex Corp. (a) (b)	24,546		613,895
Medivation, Inc. (a)	17,968		475,433
Nektar Therapeutics (a) (b)	54,733		196,492
Parexel International Corp. (b)	39,231		1,124,360
PharmaNet Development Group, Inc. (b)	11,199		80,857
Sequenom, Inc. (b)	30,339		807,624
Varian, Inc. (b)	19,748		847,189
			9,487,390
Machinery—3.2%
3D Systems Corp. (a) (b)	11,338		161,567
Accuride Corp. (a) (b)	24,474		39,158
Actuant Corp.	37,824		954,678
Albany International Corp. (Class A) (a)	19,528		533,700
Altra Holdings, Inc. (b)	17,632		260,248
American Railcar Industries, Inc. (a)	5,293		84,900
AMPCO Pittsburgh Corp.	5,636		145,972
Astec Industries, Inc. (a) (b)	11,497		354,453
Badger Meter, Inc. (a)	9,649		453,021
Barnes Group, Inc. (a)	31,270		632,279

Security Description	Shares	Value
Machinery—(Continued)
Blount International, Inc. (a) (b)	25,432	$	283,058
Briggs & Stratton Corp. (a)	36,590		592,026
Cascade Corp. (a)	8,261		361,914
Chart Industries, Inc. (b)	18,382		524,990
Circor International, Inc.	11,100		482,073
CLARCOR, Inc. (a)	32,739		1,242,445
Colfax Corp. (a) (b)	14,330		239,454
Columbus McKinnon Corp. (a) (b)	11,301		266,365
Commercial Vehicle Group, Inc. (b)	11,473		81,573
Dynamic Materials Corp. (a)	10,450		242,544
Enpro Industries, Inc. (a) (b)	14,882		553,015
ESCO Technologies, Inc. (a) (b)	16,183		779,535
Federal Signal Corp. (a)	31,621		433,208
Flow International Corp. (a) (b)	23,138		117,541
Force Protection, Inc. (a) (b)	41,101		110,151
FreightCar America, Inc. (a)	7,047		206,266
Gorman-Rupp Co. (a)	9,576		361,207
Graham Corp.	3,367		182,155
Hurco Cos., Inc. (a)	3,576		105,742
K-Tron International, Inc. (b)	1,654		213,085
Kadant, Inc. (b)	8,363		190,426
Kaydon Corp. (a)	17,350		781,791
Key Technology, Inc. (b)	3,978		94,279
LB Foster Co. (b)	9,117		277,339
Lindsay Manufacturing Co. (a)	7,760		564,540
Lydall, Inc. (b)	11,962		115,194
Met-Pro Corp. (a)	10,588		154,479
Mueller Industries, Inc.	25,810		593,888
Mueller Water Products, Inc. (a)	75,557		678,502
NACCO Industries, Inc.	3,492		330,064
Nordson Corp.	21,698		1,065,589
PMFG Inc. (b)	8,902		128,990
RBC Bearings, Inc. (b)	14,425		485,978
Robbins & Myers, Inc.	18,236		564,039
Sun Hydraulics Corp. (a)	7,039		183,296
Tecumseh Products Co. (Class A) (a)	10,819		270,908
Tennant Co. (a)	10,316		353,426
The Greenbrier Cos., Inc. (a)	9,593		187,159
The Middleby Corp. (a)	11,127		604,307
Thermadyne Holdings Corp. (a) (b)	9,451		157,548
Titan International, Inc. (a)	22,214		473,597
Titan Machinery, Inc. (a) (b)	5,112		106,381
Twin Disc, Inc. (a)	5,762		79,285
Wabash National Corp. (a)	17,632		166,622
Wabtec Corp.	32,243		1,651,809
Watts Industries, Inc. (a)	19,051		521,045
			21,778,804
Marine—0.2%
American Commercial Lines, Inc. (a) (b)	31,509		335,256
Eagle Bulk Shipping, Inc. (a)	30,187		420,807
Genco Shipping & Trading, Ltd. (a)	14,338		476,595
Horizon Lines, Inc. (a)	20,292		200,282
TBS International, Ltd. (b)	6,937		93,372
Ultrapetrol Bahamas, Ltd. (a) (b)	20,270		159,119
			1,685,431

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-135

Metropolitan Series Fund, Inc.

Russell 2000 Index Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Common Stock—(Continued)

Security Description	Shares	Value
Media—1.4%
Arbitron, Inc. (a)	18,068	$	807,459
Belo Corp. (Class A)	59,052		351,950
Charter Communications, Inc. (a) (b)	245,494		179,211
Cinemark Holdings, Inc. (a)	22,209		302,042
Citadel Broadcasting Corp. (a)	117,847		91,921
CKX, Inc. (a) (b)	35,334		217,657
Courier Corp. (a)	10,526		214,309
Cox Radio, Inc. (Class A) (a) (b)	21,485		226,882
DG FastChannel, Inc. (a) (b)	14,043		307,823
Dolan Media Co. (b)	14,833		149,665
Entercom Communications Corp. (a)	18,287		91,801
Entravision Communications Corp. (Class A) (b)	38,327		103,100
Fisher Communications, Inc. (a) (b)	3,926		154,684
Global Sources, Ltd. (a) (b)	10,946		110,226
Harte-Hanks, Inc.	24,803		257,207
Idearc, Inc. (a) (b)	99,802		124,752
Interactive Data Corp.	23,903		602,834
Journal Communications, Inc.	28,263		137,923
Knology, Inc. (a) (b)	24,666		199,055
Lee Enterprises, Inc. (a)	28,447		99,564
LIN TV Corp. (a) (b)	16,477		85,021
Live Nation, Inc. (a) (b)	49,895		811,792
Martha Stewart Living Omnimedia, Inc. (a) (b)	17,104		145,555
Marvel Entertainment, Inc. (a) (b)	31,713		1,082,682
McClatchy Co. (a)	38,522		169,497
Media General, Inc. (a)	17,575		218,457
Mediacom Communications Corp. (a) (b)	34,201		202,470
National CineMedia, Inc. (a)	30,180		333,489
R. H. Donnelley Corp. (a) (b)	48,679		96,871
RCN Corp. (a) (b)	24,738		303,288
Scholastic Corp. (a) (b)	15,917		408,749
Sinclair Broadcast Group, Inc. (a)	35,527		179,056
TiVo, Inc. (a) (b)	71,013		519,815
Valassis Communications, Inc. (a) (b)	35,953		311,353
World Wrestling Entertainment, Inc. (a)	13,534		209,236
			9,807,396
Metals & Mining—1.0%
A.M. Castle & Co.	11,149		192,655
Allied Nevada Gold Corp. (b)	31,716		181,416
AMCOL International Corp. (a)	15,760		492,658
Apex Silver Mines, Ltd. (a) (b)	35,539		61,127
Brush Engineered Material, Inc. (a) (b)	12,873		239,052
Coeur D’Alene Mines Corp. (a)	357,943		547,653
Compass Minerals International, Inc.	21,163		1,108,730
General Moly, Inc. (a) (b)	42,169		183,435
Haynes International, Inc. (a) (b)	8,860		414,914
Hecla Mining Co. (a) (b)	83,568		391,098
Horsehead Holding Corp. (b)	23,752		140,137
Kaiser Aluminum Corp. (a)	10,376		445,649
NN, Inc.	11,421		146,760
Olympic Steel, Inc. (a)	6,018		177,471
Royal Gold, Inc. (a)	19,290		693,668
RTI International Metals, Inc. (a) (b)	14,086		275,522
Stillwater Mining Co. (a) (b)	29,045		168,751
Universal Stainless & Alloy Products, Inc. (b)	4,250		108,587

Security Description	Shares	Value
Metals & Mining—(Continued)
Worthington Industries, Inc. (a)	43,979	$	657,046
			6,626,329
Multi-Utilities—0.4%
Avista Corp. (a)	34,276		744,132
Black Hills Corp. (a)	24,778		769,852
CH Energy Group, Inc. (a)	9,850		429,165
NorthWestern Corp.	25,215		633,653
PNM Resources, Inc. (a)	50,750		519,680
			3,096,482
Multiline Retail—0.2%
99 Cents Only Stores (a) (b)	27,759		304,516
Dillard’s, Inc.	37,757		445,533
Fred’s, Inc. (a)	31,780		451,911
			1,201,960
Oil, Gas & Consumable Fuels—4.0%
Abraxas Petroleum Corp. (b)	29,862		77,940
Approach Resources, Inc. (b)	6,391		92,414
Arena Resources, Inc. (b)	22,738		883,371
Arlington Tankers, Ltd. (a)	8,166		125,593
Atlas America, Inc.	22,370		763,041
ATP Oil & Gas Corp. (b)	18,136		323,002
Berry Petroleum Co.	27,524		1,066,005
Bill Barrett Corp. (a) (b)	23,658		759,658
BMB Munai, Inc. (a) (b)	26,473		109,863
BPZ Resources, Inc. (a) (b)	37,736		649,059
Brigham Exploration Co. (a) (b)	34,342		377,419
Callon Petroleum Co. (a) (b)	13,967		251,825
Cano Petroleum, Inc. (b)	26,547		61,324
Carrizo Oil & Gas, Inc. (b)	17,679		641,217
Cheniere Energy, Inc. (a)	34,100		76,725
Clean Energy Fuels Corp. (a) (b)	15,315		216,707
Comstock Resources, Inc. (b)	29,295		1,466,215
Concho Resources, Inc. (b)	32,210		889,318
Contango Oil & Gas Co. (a) (b)	8,216		443,500
Crosstex Energy, Inc. (a)	26,126		652,366
CVR Energy, Inc. (b)	18,366		156,478
Delta Petroleum Corp. (a) (b)	39,961		542,670
DHT Maritime, Inc.	25,976		174,559
Endeavour International Corp. (a)	79,544		104,998
Energy Partners, Ltd. (b)	21,596		187,237
Energy XXI Bermuda, Ltd. (a) (b)	76,222		231,715
EXCO Resources, Inc. (a) (b)	94,901		1,548,784
FX Energy, Inc. (a) (b)	23,556		175,257
Gasco Energy, Inc. (a)	63,858		116,222
General Maritime Corp. (a)	17,335		337,686
GMX Resources, Inc. (b)	9,351		446,978
Golar LNG, Ltd. (a)	21,224		281,855
Goodrich Petroleum Corp. (a) (b)	14,368		626,301
Gran Tierra Energy, Inc. (a) (b)	63,124		234,190
Gulfport Energy Corp. (a) (b)	17,744		178,327
Harvest Natural Resources, Inc. (a) (b)	22,532		228,024
International Coal Group, Inc. (a) (b)	80,605		502,975

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-136

Metropolitan Series Fund, Inc.

Russell 2000 Index Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Common Stock—(Continued)

Security Description	Shares	Value
Oil, Gas & Consumable Fuels—(Continued)
James River Coal Co. (a)	16,458	$	361,911
Knightbridge Tankers, Ltd.	10,435		276,214
McMoran Exploration Co. (a) (b)	34,488		815,296
Meridian Resource Corp. (a) (b)	42,979		79,081
National Coal Corp. (b)	17,947		93,863
Nordic American Tanker Shipping, Ltd. (a)	22,208		711,989
Northern Oil & Gas, Inc. (b)	13,061		106,186
Oilsands Quest, Inc. (a) (b)	107,860		322,501
Panhandle Oil & Gas, Inc. (a)	5,102		146,070
Parallel Petroleum Corp. (a) (b)	26,091		245,777
Penn Virginia Corp.	26,792		1,431,765
Petroleum Development Corp. (b)	9,706		430,655
PetroQuest Energy, Inc. (a) (b)	28,823		442,433
Quest Resource Corp. (a) (b)	14,201		37,775
RAM Energy Resources, Inc. (a) (b)	23,023		66,537
Rentech, Inc. (a) (b)	133,219		177,181
Rex Energy Corp. (a) (b)	11,304		178,151
Rosetta Resources, Inc. (b)	32,454		595,855
Ship Finance International, Ltd. (a)	27,269		587,920
Stone Energy Corp. (b)	20,930		885,967
Swift Energy Co. (a) (b)	19,755		764,321
Teekay Tankers, Ltd. (a)	9,320		157,788
Tri-Valley Corp. (a)	16,329		103,526
TXCO Resources, Inc. (a) (b)	20,226		203,069
Uranium Resources, Inc. (a) (b)	32,142		54,320
USEC, Inc. (a) (b)	82,809		447,997
Vaalco Energy, Inc. (a) (b)	34,324		234,776
Venoco, Inc. (a) (b)	13,621		177,073
VeraSun Energy Corp. (a) (b)	69,207		216,618
Warren Resources, Inc. (b)	35,495		354,240
Western Refining, Inc. (a)	20,283		205,061
Westmoreland Coal Co. (b)	6,870		108,546
Williams Clayton Energy, Inc.	3,590		253,203
World Fuel Services Corp.	20,146		463,962
			27,738,445
Paper & Forest Products—0.4%
AbitibiBowater, Inc. (a)	32,994		127,687
Buckeye Technologies, Inc. (b)	26,263		215,094
Deltic Timber Corp. (a)	8,066		513,320
Glatfelter	34,445		466,385
Louisiana-Pacific Corp.	67,795		630,494
Mercer International, Inc. (a) (b)	19,123		69,990
Neenah Paper, Inc. (a)	10,748		212,810
Schweitzer-Mauduit International, Inc.	12,493		237,242
Wausau-Mosinee Paper Corp. (a)	26,829		271,778
			2,744,800
Personal Products—0.4%
American Oriental Bioengineering, Inc. (a) (b)	41,566		269,763
Chattem, Inc. (a) (b)	11,061		864,749
Elizabeth Arden, Inc. (b)	14,516		284,949
Inter Parfums, Inc. (a)	10,037		136,102
NU Skin Enterprises, Inc.	31,956		518,326
Prestige Brands Holdings, Inc. (a) (b)	23,318		207,064
USANA Health Sciences, Inc. (a) (b)	5,737		235,160
			2,516,113

Security Description	Shares	Value
Pharmaceuticals—1.5%
Adolor Corp. (a) (b)	33,331	$	114,992
Akorn, Inc. (a) (b)	33,037		169,480
Alpharma, Inc. (a) (b)	31,699		1,169,376
Auxilium Pharmaceuticals, Inc. (a) (b)	26,908		871,819
Cypress Biosciences, Inc. (a) (b)	22,201		163,178
Discovery Laboratories, Inc. (a) (b)	54,214		101,380
Durect Corp., Inc. (a) (b)	67,942		380,475
Inspire Pharmaceutical, Inc. (a)	31,626		112,905
KV Pharmaceutical Co. (a) (b)	25,617		581,762
Medicis Pharmaceutical Corp. (a) (b)	37,076		552,803
Noven Pharmaceuticals, Inc. (a) (b)	17,432		203,606
NPS Pharmaceuticals, Inc.	35,144		250,928
Obagi Medical Products, Inc. (b)	13,504		134,770
Optimer Pharmaceuticals, Inc. (a) (b)	18,035		143,378
Pain Therapeutics, Inc. (a) (b)	19,603		191,521
Par Pharmaceutical Companies, Inc. (a) (b)	23,316		286,554
Pozen, Inc. (a) (b)	15,141		159,132
Questcor Pharmaceuticals, Inc. (a) (b)	39,235		288,377
Salix Pharmaceuticals, Ltd. (a) (b)	41,092		263,400
Sciele Pharma, Inc. (a) (b)	21,586		664,633
The Medicines Co. (a) (b)	34,310		796,678
Valeant Pharmaceuticals International, Inc. (a)	45,790		937,321
ViroPharma, Inc. (a) (b)	44,265		580,757
Vivus, Inc. (a) (b)	37,397		296,932
Xenoport, Inc. (b)	16,569		803,431
			10,219,588
Real Estate Investment Trusts—6.0%
Acadia Realty Trust (a)	21,412		541,295
Agree Realty Corp. (a)	4,326		123,724
Alexander’s, Inc. (a) (b)	1,300		520,000
American Campus Communities, Inc.	26,139		885,589
American Capital Agency Corp. (a)	7,451		129,051
Anthracite Capital, Inc. (a)	39,169		209,946
Anworth Mortgage Asset Corp.	49,700		294,224
Ashford Hospitality Trust, Inc. (a)	80,110		324,446
Associated Estates Realty Corp. (a)	10,121		131,877
BioMed Realty Trust, Inc.	46,570		1,231,776
Capital Lease Funding, Inc. (a)	26,965		213,832
Capital Trust, Inc. (a)	11,558		179,149
Capstead Mortgage Corp.	35,788		391,879
Cedar Shopping Centers, Inc.	28,436		375,924
Chimera Investment Corp. (a)	21,799		135,372
Cogdell Spencer, Inc.	7,749		124,294
Colonial Properties Trust	31,156		582,306
Corporate Office Properties Trust	25,368		1,023,599
Cousins Properties, Inc. (a)	30,499		769,490
DCT Industrial Realty Trust, Inc.	111,847		837,734
Diamondrock Hospitality Co.	62,158		565,638
DuPont Fabros Technology, Inc.	8,565		130,616
EastGroup Properties, Inc. (a)	16,332		792,755
Education Realty Trust, Inc.	19,777		219,129
Entertainment Properties Trust (a)	19,926		1,090,351
Equity Lifestyle Properties, Inc.	12,948		686,632
Equity One, Inc. (a)	24,905		510,303
Extra Space Storage, Inc. (a)	51,956		798,044

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-137

Metropolitan Series Fund, Inc.

Russell 2000 Index Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Common Stock—(Continued)

Security Description	Shares	Value
Real Estate Investment Trusts—(Continued)
FelCor Lodging Trust, Inc.	41,820	$	299,431
First Industrial Realty Trust, Inc. (a)	30,864		885,180
First Potomac Realty Trust (a)	16,284		279,922
Franklin Street Properties Corp. (a)	36,824		478,712
Friedman Billings Ramsey Group, Inc. (a)	98,047		196,094
Getty Realty Corp. (a)	9,654		214,029
Glimcher Realty Trust (a)	22,979		239,901
Gramercy Capital Corp. (a)	25,249		65,395
Hatteras Financial Corp. (a)	8,102		187,966
Healthcare Realty Trust, Inc.	33,177		967,110
Hersha Hospitality Trust	25,342		188,544
Highwoods Properties, Inc.	37,187		1,322,370
Home Properties of New York, Inc.	20,060		1,162,477
Inland Real Estate Corp. (a)	36,358		570,457
Investors Real Estate Trust	38,560		431,486
JER Investors Trust, Inc. (a)	13,786		66,449
Kite Realty Group Trust	14,565		160,215
LaSalle Hotel Properties (a)	24,950		581,834
Lexington Corporate Properties Trust	32,223		554,880
LTC Properties, Inc.	15,049		441,237
Maguire Properties, Inc. (a)	22,799		135,882
Medical Properties Trust, Inc. (a)	44,184		501,488
MFA Mortgage Investments, Inc.	129,039		838,753
Mid-America Apartment Communities, Inc.	17,129		841,719
Mission West Properties (a)	12,528		122,023
National Health Investors, Inc.	16,919		578,291
National Retail Properties, Inc. (a)	47,802		1,144,858
Newcastle Investment Corp. (a)	36,275		230,346
NorthStar Realty Finance Corp. (a)	35,021		271,413
Omega Healthcare Investors, Inc.	45,280		890,205
Parkway Properties, Inc.	9,472		358,610
Pennsylvania Real Estate Investment Trust (a)	23,259		438,432
Post Properties, Inc. (a)	28,757		804,333
Potlatch Corp.	25,562		1,185,821
PS Business Parks, Inc.	9,502		547,315
RAIT Investment Trust (a)	39,676		217,821
Ramco-Gershenson Property Trust	11,167		250,364
Realty Income Corp. (a)	65,128		1,667,277
Redwood Trust, Inc. (a)	21,610		469,585
Resource Capital Corp. (a)	13,847		83,913
Saul Centers, Inc.	7,327		370,307
Senior Housing Properties Trust	60,216		1,434,947
Sovran Self Storage, Inc.	14,398		643,447
Strategic Hotel Capital, Inc. (a)	54,702		413,000
Sun Communities, Inc. (a)	12,799		253,548
Sunstone Hotel Investors, Inc. (a)	37,671		508,559
Tanger Factory Outlet Centers, Inc. (a)	20,670		905,139
U-Store-It Trust	31,251		383,450
Universal Health Realty Income Trust, Inc. (a)	8,355		325,010
Urstadt Biddle Properties, Inc.	12,686		237,863
Washington Real Estate Investment Trust (a)	32,173		1,178,497
Winthrop Realty Trust	31,903		124,422
			41,469,302
Real Estate Management & Development—0.2%
Consolidated Tomoka Land Co. (a)	3,138		135,530
Forestar Real Estate Group, Inc. (b)	23,546		347,304

Security Description	Shares	Value
Real Estate Management & Development—(Continued)
Hilltop Holdings, Inc. (a) (b)	28,463	$	293,738
Move, Inc. (a) (b)	109,762		232,695
Tejon Ranch Co. (a) (b)	7,567		281,114
Thomas Properties Group, Inc.	14,851		149,995
			1,440,376
Road & Rail—0.7%
Amerco, Inc. (a) (b)	6,294		263,908
Arkansas Best Corp. (a)	15,099		508,685
Celadon Group, Inc. (a) (b)	13,384		153,515
Dollar Thrifty Automotive Group, Inc. (a) (b)	15,896		30,679
Genesee & Wyoming, Inc. (b)	19,641		736,930
Heartland Express, Inc. (a)	37,668		584,607
Knight Transportation, Inc. (a)	34,955		593,186
Marten Transport, Ltd. (a) (b)	14,050		274,116
Old Dominion Freight Line, Inc. (a) (b)	19,138		542,371
Werner Enterprises, Inc. (a)	29,304		636,190
YRC Worldwide, Inc. (a) (b)	37,074		443,405
			4,767,592
Semiconductors & Semiconductor Equipment—3.0%
Actel Corp. (b)	16,772		209,315
Advanced Analogic Technologies, Inc. (b)	24,209		112,572
Advanced Energy Industries, Inc. (b)	23,757		324,996
Amkor Technology, Inc. (a) (b)	70,619		449,843
Anadigics, Inc. (a) (b)	46,358		130,266
Applied Micro Circuits Corp. (a) (b)	42,638		254,975
Asyst Technologies, Inc. (b)	26,557		63,737
Atheros Communications, Inc. (a) (b)	38,259		902,147
ATMI, Inc. (b)	22,055		396,549
AuthenTec, Inc. (b)	17,001		36,552
Axcelis Technologies, Inc. (b)	68,113		115,792
Brooks Automation, Inc. (b)	47,372		396,030
Cabot Microelectronics Corp. (a) (b)	14,624		469,138
Cavium Networks, Inc. (a) (b)	19,819		279,051
Ceva, Inc. (b)	14,170		117,611
Cirrus Logic, Inc. (a) (b)	52,948		288,567
Cohu, Inc. (a)	16,023		253,484
Cymer, Inc. (a) (b)	19,276		488,261
Diodes, Inc. (a) (b)	20,159		371,934
DSP Group, Inc. (b)	17,234		131,840
Emcore Corp. (a)	48,624		240,203
Entegris, Inc. (a) (b)	80,270		388,507
Exar Corp. (a) (b)	26,962		206,529
FEI Co. (a) (b)	23,419		557,606
FormFactor, Inc. (a) (b)	32,888		572,909
Hittite Microwave Corp. (b)	12,770		429,072
IXYS Corp. (a) (b)	21,409		194,608
Kopin Corp. (a)	47,669		148,727
Kulicke & Soffa Industries, Inc. (a) (b)	32,332		145,817
Lattice Semiconductor Corp. (b)	63,675		131,170
Mattson Technology, Inc. (b)	29,202		138,125
Micrel, Inc. (a)	32,874		298,167
Microsemi Corp. (a) (b)	50,643		1,290,384
Microtune, Inc. (a) (b)	32,159		86,186
MIPS Technologies, Inc. (b)	33,240		116,672

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-138

Metropolitan Series Fund, Inc.

Russell 2000 Index Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Common Stock—(Continued)

Security Description	Shares	Value
Semiconductors & Semiconductor Equipment—(Continued)
MKS Instruments, Inc. (b)	33,962	$	676,183
Monolithic Power Systems (b)	17,526		304,427
NetLogic Microsystems, Inc. (a) (b)	12,862		388,947
OmniVision Technologies, Inc. (a) (b)	33,553		382,840
Pericom Semiconductor Corp. (b)	16,354		171,717
Photronics, Inc. (b)	26,378		49,591
PLX Technology, Inc. (a) (b)	14,095		72,166
PMC-Sierra, Inc. (a) (b)	140,987		1,046,124
Power Integrations, Inc. (a) (b)	19,758		476,168
RF Micro Devices, Inc. (a) (b)	162,114		473,373
Rubicon Technology, Inc. (b)	8,946		64,590
Rudolph Technologies, Inc. (a) (b)	18,029		151,083
Semitool, Inc. (a)	16,078		131,518
Semtech Corp. (b)	42,758		596,902
Sigma Designs, Inc. (a) (b)	18,438		262,188
Silicon Image, Inc. (a) (b)	51,588		275,480
Silicon Storage Technology, Inc. (a) (b)	66,738		217,566
SiRF Technology Holdings, Inc. (a) (b)	38,469		57,319
Skyworks Solutions, Inc. (a) (b)	105,246		879,857
Spansion, Inc. (Class A) (a) (b)	85,755		132,920
Standard Microsystems Corp. (a) (b)	14,611		364,983
Supertex, Inc. (a) (b)	6,854		193,009
Techwell, Inc. (b)	10,649		100,420
Tessera Technologies, Inc. (b)	34,908		570,397
Transmeta Corp. (a) (b)	8,545		138,514
Trident Microsystems, Inc. (b)	33,467		80,321
TriQuint Semiconductor, Inc. (b)	86,708		415,331
Ultra Clean Holdings (b)	12,131		61,140
Ultratech Stepper, Inc. (b)	15,771		190,829
Veeco Instruments, Inc. (a) (b)	24,505		362,919
Volterra Semiconductor Corp. (b)	16,829		214,233
Zoran Corp. (b)	33,953		277,056
			20,517,453
Software—3.6%
ACI Worldwide, Inc. (a) (b)	22,537		394,848
Actuate Corp. (b)	36,338		127,183
Advent Software, Inc. (a) (b)	12,161		428,432
Blackbaud, Inc.	27,827		513,408
Blackboard, Inc. (b)	20,046		807,653
Bottomline Technologies, Inc. (b)	12,369		128,638
Commvault Systems, Inc. (b)	27,932		336,581
Concur Technologies, Inc. (a) (b)	27,844		1,065,311
DemandTec, Inc. (a) (b)	13,832		124,626
Double-Take Software, Inc. (b)	11,826		117,669
Ebix, Inc. (b)	1,422		133,611
Epicor Software Corp. (a) (b)	37,761		297,934
EPIQ System, Inc. (a) (b)	23,311		317,030
Fair Isaac Corp. (a)	31,913		735,595
FalconStor Software, Inc. (a) (b)	30,124		161,465
i2 Technologies, Inc. (a) (b)	8,649		116,675
Informatica Corp. (b)	57,202		743,054
Interactive Intelligence, Inc. (a) (b)	8,397		75,741
Jack Henry & Associates, Inc.	48,631		988,668
JDA Software Group, Inc. (b)	18,999		288,975
Kenexa Corp. (a) (b)	15,403		243,213

Security Description	Shares	Value
Software—(Continued)
Lawson Software, Inc. (b)	82,021	$	574,147
Macrovision Solutions Corp. (a) (b)	53,362		820,707
Magma Design Automation, Inc. (a) (b)	24,388		98,040
Manhattan Associates, Inc. (b)	15,513		346,560
Mentor Graphics Corp. (b)	58,684		666,063
MICROS Systems, Inc. (b)	51,114		1,362,699
MicroStrategy, Inc. (Class A) (b)	6,205		369,384
Monotype Imaging Holdings, Inc. (b)	10,535		117,254
MSC.Software Corp. (b)	27,127		290,259
Net 1 UEPS Technologies, Inc. (a) (b)	29,330		654,939
NetScout Systems, Inc. (b)	19,729		209,917
Parametric Technology Corp. (b)	74,176		1,364,838
Pegasystems, Inc. (a)	10,030		129,487
Phoenix Technology, Ltd. (b)	18,618		148,758
Progress Software Corp. (b)	26,687		693,595
Quality Systems, Inc. (a)	11,861		501,246
Quest Software, Inc. (b)	46,919		595,402
Radiant Systems, Inc. (b)	15,752		136,885
SeaChange International, Inc. (a)	21,156		204,367
Secure Computing Corp. (a) (b)	39,694		217,523
Smith Micro Software, Inc. (a) (b)	18,686		132,671
Solera Holdings, Inc. (b)	33,355		957,956
SPSS, Inc. (b)	10,624		311,921
SuccessFactors, Inc. (a) (b)	15,533		169,310
Sybase, Inc. (b)	50,743		1,553,751
Synchronoss Technologies, Inc. (a) (b)	11,423		107,490
Take-Two Interactive Software, Inc. (b)	49,739		815,720
Taleo Corp. (a) (b)	14,949		297,336
The Ultimate Software Group, Inc. (a) (b)	16,554		446,958
THQ, Inc. (a) (b)	42,100		506,884
TIBCO Software, Inc. (a) (b)	125,508		918,718
Tyler Technologies, Inc. (a) (b)	23,370		354,523
Vasco Data Security International, Inc. (a) (b)	14,994		155,338
Wind River Systems, Inc. (b)	48,121		481,210
			24,858,166
Specialty Retail—2.7%
Aaron Rents, Inc. (Class B) (a)	29,629		802,057
Aeropostale, Inc. (b)	43,712		1,403,592
Asbury Automotive Group, Inc.	21,593		248,751
Bebe Stores, Inc. (a)	26,084		254,841
Big 5 Sporting Goods Corp. (a)	15,464		159,588
Blockbuster, Inc. (a) (b)	121,924		249,944
Borders Group, Inc. (a)	37,348		245,003
Buckle, Inc. (a)	10,217		567,452
Cabelas, Inc. (a) (b)	23,327		281,790
Cato Corp.	18,861		331,011
Charlotte Russe Holding, Inc. (b)	14,068		144,197
Charming Shoppes, Inc. (a) (b)	74,119		362,442
Chico’s FAS, Inc. (b)	115,414		631,315
Christopher & Banks Corp. (a)	30,606		234,748
Circuit City Stores, Inc. (b)	112,575		85,557
Citi Trends, Inc. (a) (b)	8,551		139,296
Coldwater Creek, Inc. (a) (b)	39,275		227,402
Collective Brands, Inc. (a) (b)	39,343		720,370
Conn’s, Inc. (a) (b)	7,311		136,789

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-139

Metropolitan Series Fund, Inc.

Russell 2000 Index Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Common Stock—(Continued)

Security Description	Shares	Value
Specialty Retail—(Continued)
DSW, Inc. (Class A) (a) (b)	9,118	$	124,917
Genesco, Inc. (a) (b)	13,758		460,618
Group 1 Automotive, Inc. (a)	15,023		326,450
Haverty Furniture Cos., Inc. (a)	14,903		170,490
Hibbett Sports, Inc. (a) (b)	18,992		380,220
Hot Topic, Inc. (b)	28,681		189,581
J. Crew Group, Inc. (a) (b)	27,539		786,789
Jo-Ann Stores, Inc. (a) (b)	17,237		361,632
JoS. A. Bank Clothiers, Inc. (a) (b)	12,192		409,651
Men’s Wearhouse, Inc. (a)	33,086		702,747
Midas, Inc. (a) (b)	10,186		140,159
Monro Muffler Brake, Inc.	11,587		267,196
New York & Co., Inc. (a) (b)	18,834		179,676
Pacific Sunwear of California, Inc. (b)	47,131		317,192
Pep Boys-Manny Moe & Jack (a)	25,683		158,721
Pier 1 Imports, Inc. (a) (b)	55,682		229,967
Rent-A-Center, Inc. (b)	41,681		928,653
Sally Beauty Holdings, Inc. (a) (b)	57,066		490,768
Select Comfort Corp. (a) (b)	1		2
Sonic Automotive, Inc. (a)	19,007		160,799
Stage Stores, Inc. (a)	24,947		340,776
The Children’s Place Retail Stores, Inc. (a) (b)	15,373		512,690
The Dress Barn, Inc. (a) (b)	30,389		464,648
The Finish Line, Inc. (Class A) (a) (b)	34,432		343,976
The Gymboree Corp. (b)	17,775		631,012
The Talbots, Inc. (a)	15,495		202,984
Tractor Supply Co. (a) (b)	21,831		917,994
Tween Brands, Inc. (a) (b)	15,747		154,163
Ulta Salon Cosmetics & Fragrance, Inc. (b)	14,415		191,431
Wet Seal, Inc. (a) (b)	62,348		226,323
Zale Corp. (a) (b)	24,736		618,400
Zumiez, Inc. (a) (b)	13,421		221,178
			18,837,948
Textiles, Apparel & Luxury Goods—1.7%
American Apparel, Inc. (a) (b)	24,019		196,956
Brown Shoe Co., Inc. (a)	26,195		429,074
Carter’s, Inc. (b)	35,318		696,824
Cherokee, Inc. (a)	8,189		179,994
Columbia Sportswear Co. (a)	8,790		368,828
CROCS, Inc. (a) (b)	55,103		197,269
Deckers Outdoor Corp. (a) (b)	8,445		878,956
Fossil, Inc. (a) (b)	29,505		832,926
G-III Apparel Group, Ltd. (b)	9,697		181,431
Iconix Brand Group, Inc. (a) (b)	38,141		498,884
K-Swiss, Inc. (a)	21,850		380,190
Lululemon Athletica, Inc. (a) (b)	12,058		277,696
Maidenform Brands, Inc. (a) (b)	14,280		207,203
Movado Group, Inc.	10,013		223,791
Oxford Industries, Inc. (a)	8,566		221,260
Perry Ellis International, Inc. (b)	6,720		100,195
Quiksilver, Inc. (b)	82,134		471,449
Skechers U. S. A., Inc. (b)	21,712		365,413
Steven Madden, Ltd. (b)	13,172		326,402
The Warnaco Group, Inc. (b)	29,432		1,332,975
Timberland Co. (Class A) (b)	34,662		602,079

Security Description	Shares	Value
Textiles, Apparel & Luxury Goods—(Continued)
True Religion Apparel, Inc. (a) (b)	11,524	$	297,895
Under Armour, Inc. (a) (b)	21,631		687,001
UniFirst Corp.	10,837		466,966
Volcom, Inc. (a) (b)	12,211		211,006
Weyco Group, Inc. (a)	5,240		175,383
Wolverine World Wide, Inc.	32,383		856,854
			11,664,900
Thrifts & Mortgage Finance—1.3%
Abington Bancorp, Inc. (a)	17,608		178,193
Bank Mutual Corp.	32,564		369,601
Beneficial Mutual Bancorp, Inc. (b)	22,606		285,966
Berkshire Hill Bancorp, Inc. (a)	7,472		239,104
Brookline Bancorp, Inc. (a)	41,732		533,752
Corus Bankshares, Inc. (a)	22,730		92,057
Danvers Bancorp, Inc. (a) (b)	12,056		153,714
Dime Community Bancorp, Inc. (a)	17,298		263,276
ESSA Bancorp, Inc. (a)	12,365		171,874
Federal Agricultural Mortage Corp. (a)	7,740		31,734
First Busey Corp. (a)	14,750		270,368
First Financial Holdings, Inc. (a)	6,397		167,473
First Financial Northwest, Inc.	16,499		170,270
First Niagara Financial Group, Inc. (a)	71,431		1,125,038
First Place Financial Corp. (a)	18,432		236,851
Flushing Financial Corp.	12,920		226,100
Guaranty Financial Group, Inc. (a) (b)	27,315		107,894
Kearny Financial Corp. (a)	11,434		139,952
NewAlliance Bancshares, Inc. (a)	70,024		1,052,461
Northwest Bancorp, Inc. (a)	11,002		302,995
Oceanfirst Financial Corp. (a)	6,649		120,480
Ocwen Financial Corp. (a) (b)	21,044		169,404
Oritani Financial Corp. (a) (b)	9,458		159,367
Provident Bancorp, Inc. (a)	31,875		421,387
Provident Financial Services, Inc.	37,874		625,300
The PMI Group, Inc. (a)	57,762		170,398
TrustCo Bank Corp. (a)	58,825		688,841
United Financial Bancorp, Inc.	13,044		193,703
Westfield Financial, Inc.	22,291		229,597
WSFS Financial Corp.	5,630		337,800
			9,234,950
Tobacco—0.2%
Alliance One International, Inc. (a) (b)	57,683		219,195
Universal Corp. (a)	17,683		868,059
Vector Group, Ltd. (a)	27,042		477,556
			1,564,810
Trading Companies & Distributors—0.6%
Aceto Corp.	18,035		172,956
Aircastle, Ltd. (a)	32,053		317,645
Applied Industrial Technologies, Inc.	27,967		753,151
Beacon Roofing Supply, Inc. (a) (b)	29,180		455,792
Electro Rent Corp.	15,175		203,800
H&E Equipment Services, Inc. (a) (b)	11,032		106,569
Houston Wire & Cable Co. (a)	10,450		179,427

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-140

Metropolitan Series Fund, Inc.

Russell 2000 Index Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Common Stock—(Continued)

Security Description	Shares	Value
Trading Companies & Distributors—(Continued)
Interline Brands, Inc. (b)	21,799	$	353,362
Kaman Corp.	17,163		488,802
Rush Enterprises, Inc. (a) (b)	19,917		254,938
TAL International Group, Inc. (a)	8,589		178,823
Textainer Group Holdings, Ltd.	6,602		100,284
Watsco, Inc. (a)	15,336		771,094
			4,336,643
Water Utilities—0.3%
American State Water Co. (a)	10,318		397,243
Cadiz, Inc. (a) (b)	7,581		144,570
California Water Service Group (a)	12,742		490,567
Connecticut Water Service, Inc. (a)	5,731		165,912
Consolidated Water Co., Inc. (a)	8,783		149,487
Middlesex Water Co. (a)	8,945		156,269
SJW Corp. (a)	10,058		301,438
Southwest Water Co. (a)	15,204		193,851
			1,999,337
Wireless Telecommunication Services—0.2%
Centennial Communications Corp.	44,169		275,615
Fibertower Corp. (a) (b)	64,566		89,101
ICO Global Communications Holdings (a) (b)	62,811		68,464
iPCS, Inc. (b)	11,024		245,504
Syniverse Holdings, Inc. (b)	33,451		555,621
TerreStar Corp. (a) (b)	41,162		41,162
USA Mobility, Inc. (b)	15,317		168,487
			1,443,954
Total Common Stock (Identified Cost $736,565,927)			672,494,757

Short Term Investments—30.5%
Security Description	Face Amount/Shares		Value
Discount Notes—2.6%
Federal Home Loan Bank 0.100%, 10/07/08	$	16,900,000	$	16,897,888
0.131%, 10/17/08		1,375,000		1,373,747
				18,271,635
Mutual Funds—27.9%
State Street Navigator Securities Lending Prime Portfolio (d)		192,889,667		192,889,667
Total Short Term Investments (Identified Cost $211,161,302)				211,161,302
Total Investments—127.7% (Identified Cost $947,727,229) (e)				883,656,059
Liabilities in excess of other assets				(191,785,751	)
Total Net Assets—100%			$	691,870,308

(a) A portion or all of the security was held on loan. As of September 30, 2008, the market value of securities loaned was $193,299,984 and the collateral received consisted of cash in the amount of $192,889,667 and non-cash collateral with a value of $471,976. The cash collateral is invested in a money market fund managed by an affiliate of the custodian. The non-cash collateral received consists primarily of government securities and bank letters of credit, and are held for the benefit of the Portfolio at the Portfolio’s custodian.

(b) Non-Income Producing.

(c) Non-Income Producing; issuer filed under Chapter 11 of the Federal Bankruptcy Code.

(d) Represents investment of cash collateral received from securities lending transactions.

(e) The aggregate cost of investments for federal income tax purposes as of September 30, 2008 was $947,727,229 and the composition of unrealized appreciation and depreciation of investment securities was $78,842,281 and $(142,913,451), respectively.

Futures Contracts
Futures Contracts-Long	Expiration Date	Number of Contracts	Contract Amount		Valuation as of 9/30/2008		Net Unrealized Depreciation
Russell 2000 Mini Index Futures	12/19/2008	300	$	21,435,870	$	20,352,000	$	(1,083,870	)

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-141

Metropolitan Series Fund, Inc.

Russell 2000 Index Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

The Portfolio adopted the provisions of Statement of Financial Accounting Standards No. 157, “Fair Value Measurements” (FAS 157), effective with the beginning of the Portfolio’s fiscal year. FAS 157 establishes a framework for measuring fair value and expands disclosures about fair value measurements in financial statements. Management has evaluated the application of FAS 157 to the Portfolio, and has determined that the adoption of FAS 157 does not have a material impact on the Portfolio’s financial statements. The three levels of the hierarchy under FAS 157 are described below:

Level 1—quoted prices in active markets for identical securities

Level 2—other significant observable inputs (including quoted prices for similar securities, interest rates, credit risk, etc.)

Level 3—significant unobservable inputs (including the Adviser and Subadvisor’s own assumptions in determining the fair value of investments)

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

The following is a summary of the inputs used to value the Portfolio’s net assets as of September 30, 2008:

Valuation Inputs	Investments In Securities		Other Financial Instruments*
Level 1—Quoted Prices	$	865,384,424	$	(1,083,870	)
Level 2—Other Significant Observable Inputs		18,271,635		0
Level 3—Significant Unobservable Inputs		0		0
Total	$	883,656,059	$	(1,083,870	)

* Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures, forwards, swap contracts and written options, which are valued based on the unrealized appreciation/depreciation on the instrument.

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-142

Metropolitan Series Fund, Inc.

T. Rowe Price Large Cap Growth Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Common Stock—96.2% of Total Net Assets

Security Description	Shares	Value
Aerospace & Defense—0.5%
General Dynamics Corp.	41,100	$	3,025,782
Air Freight & Logistics—0.5%
Expeditors International of Washington, Inc.	90,100		3,139,084
Beverages—2.3%
PepsiCo, Inc.	135,200		9,635,704
The Coca-Cola Co.	102,900		5,441,352
			15,077,056
Biotechnology—4.5%
Amgen, Inc. (a)	16,000		948,320
Celgene Corp. (a)	52,700		3,334,856
Genentech, Inc. (a)	127,400		11,297,832
Gilead Sciences, Inc. (a)	297,700		13,569,166
			29,150,174
Capital Markets—2.8%
BlackRock, Inc. (b)	11,600		2,256,200
Franklin Resources, Inc.	52,700		4,644,451
Northern Trust Corp.	38,300		2,765,260
State Street Corp.	76,900		4,374,072
The Goldman Sachs Group, Inc.	36,000		4,608,000
			18,647,983
Chemicals—3.3%
Monsanto Co.	113,700		11,254,026
Potash Corp. of Saskatchewan, Inc.	23,000		3,036,230
Praxair, Inc.	104,800		7,518,352
			21,808,608
Communications Equipment—3.8%
Cisco Systems, Inc. (a)	385,700		8,701,392
Juniper Networks, Inc. (a)	199,300		4,199,251
QUALCOMM, Inc.	243,100		10,446,007
Research In Motion, Ltd. (a)	19,000		1,297,700
			24,644,350
Computers & Peripherals—3.5%
Apple, Inc. (a)	154,700		17,583,202
Dell, Inc. (a)	194,700		3,208,656
EMC Corp. (a)	180,200		2,155,192
			22,947,050
Construction & Engineering—0.2%
Foster Wheeler, Ltd. (a)	44,500		1,606,895
Diversified Financial Services—1.1%
BM&F Bovespa S.A. (BRL)	683,033		3,018,813
Moody’s Corp. (b)	116,147		3,948,998
			6,967,811
Diversified Telecommunication Services—0.3%
OJSC Vimpel-Communications (ADR)	98,800		2,005,640

Security Description	Shares	Value
Electronic Equipment & Instruments—0.7%
Dolby Laboratories, Inc. (Class A) (a)	109,800	$	3,863,862
Hon Hai Precision Industry Co., Ltd. (GDR)	30,935		214,070
Hon Hai Precision Industry Co., Ltd. (GDR) (London Traded Shares)	92,549		648,575
			4,726,507
Energy Equipment & Services—5.6%
Baker Hughes, Inc.	96,900		5,866,326
Cameron International Corp. (a)	91,800		3,537,972
Schlumberger, Ltd.	256,400		20,022,276
Smith International, Inc.	123,900		7,265,496
			36,692,070
Food & Staples Retailing—2.5%
Costco Wholesale Corp.	118,200		7,674,726
CVS Caremark Corp.	139,190		4,685,135
SYSCO Corp.	125,500		3,869,165
			16,229,026
Food Products—1.3%
Groupe Danone (EUR)	63,985		4,534,760
Nestle S.A. (CHF)	84,960		3,691,441
			8,226,201
Health Care Equipment & Supplies—7.5%
Alcon, Inc.	37,900		6,121,229
Baxter International, Inc.	67,800		4,449,714
Becton, Dickinson & Co.	72,100		5,786,746
Covidien, Ltd.	133,850		7,195,776
Dentsply International, Inc.	54,000		2,027,160
Intuitive Surgical, Inc. (a)	8,400		2,024,232
Medtronic, Inc.	221,000		11,072,100
St. Jude Medical, Inc. (a)	98,600		4,288,114
Stryker Corp.	101,600		6,329,680
			49,294,751
Health Care Providers & Services—7.7%
Aetna, Inc.	235,400		8,500,294
Cigna Corp.	158,100		5,372,238
Express Scripts, Inc. (a)	90,900		6,710,238
Humana, Inc. (a)	91,700		3,778,040
McKesson Corp.	75,900		4,084,179
Medco Health Solutions, Inc. (a)	258,500		11,632,500
WellPoint, Inc. (a)	213,900		10,004,103
			50,081,592
Hotels, Restaurants & Leisure—2.3%
International Game Technology	193,200		3,319,176
Las Vegas Sands Corp. (a) (b)	91,100		3,289,621
Yum! Brands, Inc.	266,900		8,703,609
			15,312,406
Household Products—1.4%
Procter & Gamble Co.	131,005		9,129,738

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-143

Metropolitan Series Fund, Inc.

T. Rowe Price Large Cap Growth Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Common Stock—(Continued)

Security Description	Shares	Value
Independent Power Producers & Energy Traders—0.5%
The AES Corp. (a)	295,000	$	3,448,550
Industrial Conglomerates—0.3%
McDermott International, Inc. (a)	68,100		1,739,955
Insurance—0.7%
Assurant, Inc.	81,600		4,488,000
Internet & Catalog Retail—2.9%
Amazon.com, Inc. (a)	200,200		14,566,552
Expedia, Inc. (a)	200,645		3,031,746
priceline.com, Inc. (a) (b)	23,300		1,594,419
			19,192,717
Internet Software & Services—5.2%
Google, Inc. (Class A) (a)	55,200		22,108,704
Tencent Holdings, Ltd. (HKD)	591,800		4,262,519
VeriSign, Inc. (a) (b)	288,300		7,518,864
			33,890,087
IT Services—4.9%
Accenture, Ltd. (Class A)	247,200		9,393,600
Automatic Data Processing, Inc.	209,300		8,947,575
Fiserv, Inc. (a)	65,100		3,080,532
MasterCard, Inc. (b)	9,000		1,595,970
Redecard S.A. (BRL)	154,100		1,993,557
The Western Union Co.	251,900		6,214,373
Visa, Inc.	15,600		957,684
			32,183,291
Machinery—4.2%
Danaher Corp.	294,900		20,466,060
Deere & Co.	98,200		4,860,900
Joy Global, Inc.	40,800		1,841,712
			27,168,672
Media—2.9%
Naspers, Ltd. (ZAR)	62,800		1,236,608
Shaw Communications, Inc.	222,600		4,525,458
The McGraw-Hill Cos., Inc.	410,300		12,969,583
			18,731,649
Metals & Mining—1.7%
BHP Billiton, Ltd. (AUD)	189,900		4,881,761
Freeport-McMoRan Copper & Gold, Inc.	49,600		2,819,760
Kinross Gold Corp. (b)	207,900		3,351,348
			11,052,869
Multiline Retail—0.2%
Lojas Renner S.A. (BRL)	112,500		1,374,662
Oil, Gas & Consumable Fuels—4.7%
Chevron Corp.	44,300		3,653,864
EOG Resources, Inc.	56,400		5,045,544
Exxon Mobil Corp.	129,016		10,019,383
Petroleo Brasileiro S.A. (ADR)	187,500		7,016,250

Security Description	Shares	Value
Oil, Gas & Consumable Fuels—(Continued)
Suncor Energy, Inc.	40,200	$	1,694,028
Total S.A. (EUR)	58,300		3,517,915
			30,946,984
Pharmaceuticals—2.6%
Allergan, Inc.	131,800		6,787,700
Elan Corp., Plc. (ADR) (a)	238,400		2,543,728
Wyeth	207,000		7,646,580
			16,978,008
Road & Rail—0.7%
Union Pacific Corp.	63,800		4,540,008
Semiconductors & Semiconductor Equipment—1.3%
Intel Corp.	169,100		3,167,243
Marvell Technology Group, Ltd. (a)	560,400		5,211,720
			8,378,963
Software—5.7%
Autodesk, Inc. (a)	156,200		5,240,510
Electronic Arts, Inc. (a)	103,705		3,836,048
McAfee, Inc. (a)	85,100		2,889,996
Microsoft Corp.	624,900		16,678,581
Nintendo Co., Ltd. (JPY)	16,300		6,812,669
Salesforce.com, Inc. (a)	37,500		1,815,000
			37,272,804
Textiles, Apparel & Luxury Goods—0.7%
Nike, Inc.	69,400		4,642,860
Wireless Telecommunication Services—5.2%
American Tower Corp. (Class A) (a)	262,200		9,431,334
América Movil S.A. de C.V. (ADR)	68,300		3,166,388
Crown Castle International Corp. (a) (b)	414,100		11,996,477
Leap Wireless International, Inc. (a) (b)	99,000		3,771,900
MetroPCS Communications, Inc. (a) (b)	184,600		2,582,554
Mobile Telesystems OJSC (ADR) (a)	59,400		3,326,994
			34,275,647
Total Common Stock (Identified Cost $721,811,438)			629,018,450
Short Term Investments—13.8%
Mutual Funds—13.8%
State Street Navigator Securities Lending Prime Portfolio (c)	71,441,282		71,441,282
T. Rowe Price Reserve Investment Fund	18,783,698		18,783,698
Total Short Term Investments (Identified Cost $90,224,980)			90,224,980
Total Investments—110.0% (Identified Cost $812,036,418) (d)			719,243,430
Liabilities in excess of other assets			(65,481,217	)
Total Net Assets—100%		$	653,762,213

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-144

Metropolitan Series Fund, Inc.

T. Rowe Price Large Cap Growth Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

(a) Non-Income Producing.

(b) A portion or all of the security was held on loan. As of September 30, 2008, the market value of securities loaned was $73,816,042 and the collateral received consisted of cash in the amount of $71,441,282. The cash collateral is invested in a money market fund managed by an affiliate of the custodian.

(c) Represents investment of cash collateral received from securities lending transactions.

(d) The aggregate cost of investments for federal income tax purposes as of September 30, 2008 was $812,036,418 and the composition of unrealized appreciation and depreciation of investment securities was $24,418,395 and $(117,211,383), respectively.

(ADR)— An American Depositary Receipt is a certificate issued by a custodian bank representing the right to receive securities of the foreign issuer described. Trading on exchanges not located in the United States or Canada significantly influences the value of ADRs.

(GDR)— Global Depository Receipt.

(AUD)— Australian Dollar

(BRL)— Brazilian Real

(CHF)— Swiss Franc

(EUR)— Euro

(HKD)— Hong Kong Dollar

(JPY)— Japanese Yen

(ZAR)— South African Rand

Affiliated Issuer
Security Description	Number of Shares Held at 12/31/2007	Shares Purchased Since 12/31/2007	Shares Sold Since 12/31/2007		Number of Shares Held at 9/30/2008	Realized Gain/Loss on Shares Sold		Income for Period Ended 9/30/2008
T. Rowe Price Reserve Investment Fund	25,468,225	154,000,812	(160,685,339	)	18,783,698	$	0	$	82,034

The Portfolio adopted the provisions of Statement of Financial Accounting Standards No. 157, “Fair Value Measurements” (FAS 157), effective with the beginning of the Portfolio’s fiscal year. FAS 157 establishes a framework for measuring fair value and expands disclosures about fair value measurements in financial statements. Management has evaluated the application of FAS 157 to the Portfolio, and has determined that the adoption of FAS 157 does not have a material impact on the Portfolio’s financial statements. The three levels of the hierarchy under FAS 157 are described below:

Level 1—quoted prices in active markets for identical securities

Level 2—other significant observable inputs (including quoted prices for similar securities, interest rates, credit risk, etc.)

Level 3—significant unobservable inputs (including the Adviser and Subadvisor’s own assumptions in determining the fair value of investments)

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

The following is a summary of the inputs used to value the Portfolio’s net assets as of September 30, 2008:

Valuation Inputs	Investments In Securities		Other Financial Instruments*
Level 1—Quoted Prices	$	683,918,725	$	0
Level 2—Other Significant Observable Inputs		35,324,705		0
Level 3—Significant Unobservable Inputs		0		0
Total	$	719,243,430	$	0

* Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures, forwards, swap contracts and written options, which are valued based on the unrealized appreciation/depreciation on the instrument.

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-145

Metropolitan Series Fund, Inc.

T. Rowe Price Small Cap Growth Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Common Stock—99.7% of Total Net Assets

Security Description	Shares	Value
Aerospace & Defense—2.3%
Alliant Techsystems, Inc. (a) (b)	32,600	$	3,062,444
BE Aerospace, Inc. (b)	25,700		406,831
Ceradyne, Inc. (a) (b)	35,900		1,316,094
Esterline Technologies Corp. (b)	23,200		918,488
Heico Corp. (Class A) (a)	17,200		482,632
Teledyne Technologies, Inc. (b)	51,900		2,966,604
TransDigm Group, Inc. (a) (b)	24,300		831,789
			9,984,882
Air Freight & Logistics—1.2%
HUB Group, Inc. (Class A) (b)	72,900		2,744,685
UTi Worldwide, Inc.	152,100		2,588,742
			5,333,427
Airlines—0.1%
Skywest, Inc. (a)	32,400		517,752
Auto Components—0.3%
Drew Industries, Inc. (a) (b)	39,900		682,689
Gentex Corp. (a)	54,800		783,640
			1,466,329
Beverages—0.4%
Boston Beer, Inc. (a) (b)	34,787		1,652,035
Biotechnology—5.2%
Acadia Pharmaceuticals, Inc. (a) (b)	22,900		61,372
Acorda Therapeutics, Inc. (a) (b)	23,500		560,475
Alexion Pharmaceuticals, Inc. (a) (b)	61,800		2,428,740
Alkermes, Inc. (a) (b)	71,400		949,620
Allos Therapeutics, Inc. (a) (b)	37,300		276,393
Alnylam Pharmaceuticals, Inc. (a) (b)	11,700		338,715
Array Biopharma, Inc. (a) (b)	23,400		179,712
BioMarin Pharmaceutical, Inc. (a) (b)	77,100		2,042,379
Cepheid, Inc. (a) (b)	37,400		517,242
Cougar Biotechnology, Inc. (a) (b)	11,300		377,307
Cubist Pharmaceuticals, Inc. (a) (b)	36,500		811,395
Human Genome Sciences, Inc. (a) (b)	70,000		444,500
Incyte Corp. (a) (b)	200,700		1,535,355
Isis Pharmaceuticals, Inc. (a) (b)	14,900		251,661
Lexicon Pharmaceuticals, Inc. (a) (b)	60,900		108,402
Martek Biosciences Corp. (a) (b)	23,000		722,660
Medarex, Inc. (a) (b)	68,100		440,607
Momenta Pharmaceuticals, Inc. (b)	11,300		148,143
Myriad Genetics, Inc. (a) (b)	31,000		2,011,280
Onyx Pharmaceuticals, Inc. (a) (b)	36,700		1,327,806
OSI Pharmaceuticals, Inc. (a) (b)	36,900		1,818,801
PDL BioPharma, Inc. (b)	75,600		703,836
Regeneron Pharmaceuticals, Inc. (b)	50,400		1,100,232
Rigel Pharmaceuticals, Inc. (a) (b)	32,200		751,870
Seattle Genetics, Inc. (a) (b)	40,500		433,350
Senomyx, Inc. (a) (b)	74,600		337,938
Theravance, Inc. (a) (b)	32,800		408,688
United Therapeutics Corp. (b)	15,600		1,640,652
			22,729,131

Security Description	Shares	Value
Capital Markets—2.0%
Affiliated Managers Group, Inc. (a) (b)	44,149	$	3,657,745
Cohen & Steers, Inc. (a)	13,100		371,123
GFI Group, Inc. (b)	50,500		237,855
Greenhill & Co., Inc. (a)	39,900		2,942,625
Knight Capital Group, Inc. (b)	20,600		306,116
optionsXpress Holdings, Inc. (a)	42,100		817,582
Penson Worldwide, Inc. (a) (b)	22,200		307,914
			8,640,960
Chemicals—1.8%
Airgas, Inc.	46,000		2,283,900
Hercules, Inc.	50,700		1,003,353
Koppers Holdings, Inc.	40,100		1,500,141
Nalco Holding Co. (a)	100,500		1,863,270
Terra Industries, Inc.	20,700		608,580
The Scotts Miracle-Gro Co.	25,300		598,092
			7,857,336
Commercial Banks—0.5%
Pinnacle Financial Partners, Inc. (a) (b)	36,100		1,111,880
SVB Financial Group (a) (b)	20,600		1,193,152
			2,305,032
Commercial Services & Supplies—5.5%
Administaff, Inc. (a)	30,900		841,098
American Ecology Corp.	11,500		318,205
Clean Harbors, Inc. (b)	21,800		1,472,590
Copart, Inc. (b)	50,100		1,903,800
Heidrick & Struggles International, Inc. (a)	24,300		732,645
Huron Consulting Group, Inc. (a) (b)	26,400		1,504,272
Korn/Ferry International (b)	35,500		632,610
Navigant Consulting, Inc. (a) (b)	26,400		525,096
Resources Connection, Inc. (b)	116,300		2,620,239
Rollins, Inc.	41,000		778,180
Stericycle, Inc. (b)	79,200		4,665,672
The Advisory Board Co. (b)	17,200		518,752
The Brink’s Co.	34,300		2,092,986
The Corporate Executive Board Co. (a)	33,100		1,034,375
Waste Connections, Inc. (b)	93,300		3,200,190
Watson Wyatt Worldwide, Inc.	27,900		1,387,467
			24,228,177
Communications Equipment—3.4%
Adtran, Inc. (a)	61,100		1,190,839
Avocent Corp. (b)	31,625		647,047
Blue Coat Systems, Inc. (a) (b)	60,700		861,333
CommScope, Inc. (b)	56,900		1,971,016
Comtech Telecommunications Corp. (b)	52,800		2,599,872
Dycom Industries, Inc. (b)	32,900		428,358
Emulex Corp. (b)	42,800		456,676
F5 Networks, Inc. (a) (b)	96,000		2,244,480
Foundry Networks, Inc. (b)	91,800		1,671,678
NETGEAR, Inc. (a) (b)	27,100		406,500
Plantronics, Inc.	38,400		864,768
Polycom, Inc. (b)	57,493		1,329,813
			14,672,380

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-146

Metropolitan Series Fund, Inc.

T. Rowe Price Small Cap Growth Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Common Stock—(Continued)

Security Description	Shares	Value
Computers & Peripherals—0.3%
Intermec, Inc. (a) (b)	31,400	$	616,696
Palm, Inc. (a) (b)	114,300		682,371
			1,299,067
Construction & Engineering—0.5%
Perini Corp. (a) (b)	16,700		430,693
Quanta Services, Inc. (a) (b)	69,224		1,869,740
			2,300,433
Consumer Finance—0.1%
World Acceptance Corp. (a) (b)	17,200		619,200
Containers & Packaging—0.7%
Crown Holdings, Inc.	66,500		1,476,965
Greif, Inc.	22,900		1,502,698
			2,979,663
Distributors—0.4%
LKQ Corp. (b)	89,400		1,517,118
Diversified Consumer Services—2.4%
Capella Education Co. (b)	22,900		981,494
DeVry, Inc.	75,400		3,735,316
ITT Educational Services, Inc. (a) (b)	39,900		3,228,309
Matthews International Corp.	35,000		1,775,900
Steiner Leisure, Ltd. (a) (b)	20,100		691,038
			10,412,057
Diversified Financial Services—0.4%
Interactive Brokers Group, Inc. (a) (b)	45,700		1,013,169
MSCI, Inc. (b)	22,300		535,200
			1,548,369
Diversified Telecommunication Services—0.3%
Cbeyond, Inc. (a) (b)	33,000		474,870
Cogent Communications Group, Inc. (a) (b)	20,500		158,260
tw telecom, Inc. (a) (b)	78,300		813,537
			1,446,667
Electrical Equipment—2.1%
Acuity Brands, Inc. (a)	52,900		2,209,104
Ametek, Inc. (b)	61,700		2,515,509
General Cable Corp. (a)	17,800		634,214
II-VI, Inc. (a) (b)	64,600		2,497,436
Thomas & Betts Corp. (b)	34,600		1,351,822
			9,208,085
Electronic Equipment & Instruments—4.1%
CyberOptics Corp. (a) (b)	103,937		980,126
Dolby Laboratories, Inc. (Class A) (b)	59,100		2,079,729
DTS, Inc. (a) (b)	10,900		303,347
FLIR Systems, Inc. (a) (b)	145,300		5,582,426
Itron, Inc. (b)	22,300		1,974,219
Mettler Toledo International, Inc. (b)	39,300		3,851,400

Security Description	Shares	Value
Electronic Equipment & Instruments—(Continued)
Orbotech, Ltd. (b)	32,000	$	255,680
Rofin-Sinar Technologies, Inc. (b)	36,600		1,120,326
Trimble Navigation, Ltd. (a) (b)	30,900		799,074
TTM Technologies, Inc. (b)	77,100		764,832
			17,711,159
Energy Equipment & Services—6.3%
Atwood Oceanics, Inc. (b)	45,000		1,638,000
Complete Production Services, Inc. (b)	94,800		1,908,324
Core Laboratories NV (b)	34,400		3,485,408
Dawson Geophysical Co. (a) (b)	15,500		723,695
Dresser-Rand Group, Inc. (b)	62,100		1,954,287
Global Industries, Inc. (b)	64,900		450,406
Helix Energy Solutions Group, Inc. (a) (b)	57,600		1,398,528
Helmerich & Payne, Inc.	48,200		2,081,758
IHS, Inc. (b)	25,400		1,210,056
ION Geophysical Corp. (a) (b)	104,300		1,480,017
NATCO Group, Inc. (a) (b)	15,400		618,772
Oceaneering International, Inc. (b)	38,600		2,058,152
Oil States International, Inc. (b)	87,400		3,089,590
Superior Energy Services, Inc. (b)	78,200		2,435,148
Tetra Technologies, Inc. (a) (b)	101,200		1,401,620
Unit Corp. (b)	30,400		1,514,528
			27,448,289
Food Products—0.6%
Flowers Foods, Inc.	62,700		1,840,872
Ralcorp Holdings, Inc. (a) (b)	10,300		694,323
			2,535,195
Health Care Equipment & Supplies—4.6%
American Medical Systems Holdings, Inc. (a) (b)	47,600		845,376
ArthroCare Corp. (a) (b)	33,300		923,076
Edwards Lifesciences Corp. (b)	49,300		2,847,568
Gen-Probe, Inc. (b)	51,900		2,753,295
Hologic, Inc. (b)	38,140		737,246
IDEXX Laboratories, Inc. (b)	44,800		2,455,040
Immucor, Inc. (b)	82,050		2,622,318
Integra LifeSciences Holdings (a) (b)	13,400		590,002
Meridian Bioscience, Inc. (a)	96,800		2,811,072
ResMed, Inc. (a)	44,900		1,930,700
Stereotaxis, Inc. (a) (b)	38,500		232,925
STERIS Corp.	31,100		1,168,738
			19,917,356
Health Care Providers & Services—5.2%
Alliance Imaging, Inc. (b)	33,900		348,153
Amedisys, Inc. (a) (b)	34,833		1,695,322
Catalyst Health Solutions, Inc.	53,000		1,384,360
Centene Corp. (b)	66,600		1,365,966
Chemed Corp. (a)	18,700		767,822
Chindex International, Inc. (b)	27,400		297,564
Corvel Corp. (b)	20,700		592,227
Gentiva Health Services, Inc. (b)	59,300		1,597,542
Healthsouth Corp. (b)	91,200		1,680,816

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-147

Metropolitan Series Fund, Inc.

T. Rowe Price Small Cap Growth Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Common Stock—(Continued)

Security Description	Shares	Value
Health Care Providers & Services—(Continued)
Healthspring, Inc. (b)	46,300	$	979,708
Healthways, Inc. (a) (b)	32,800		529,064
inVentiv Health, Inc. (b)	33,200		586,312
LifePoint Hospitals, Inc. (a) (b)	33,900		1,089,546
Pediatrix Medical Group, Inc. (b)	41,000		2,210,720
PharMerica Corp. (b)	86,400		1,943,136
PSS World Medical, Inc. (a) (b)	52,400		1,021,800
Psychiatric Solutions, Inc. (a) (b)	47,000		1,783,650
Sun Healthcare Group, Inc. (b)	79,500		1,165,470
VCA Antech, Inc. (b)	55,700		1,641,479
			22,680,657
Health Care Technology—0.4%
Cerner Corp. (a) (b)	22,800		1,017,792
Phase Forward, Inc. (b)	29,700		621,027
			1,638,819
Hotels, Restaurants & Leisure—2.2%
Burger King Holdings, Inc.	82,100		2,016,376
Chipotle Mexican Grill, Inc. (a) (b)	21,600		1,009,800
Choice Hotels International, Inc. (a)	25,700		696,470
Orient-Express Hotels, Ltd. (Class A) (a)	25,300		610,489
Red Robin Gourmet Burgers, Inc. (a) (b)	49,500		1,326,600
Sonic Corp. (a) (b)	60,562		882,388
WMS Industries, Inc. (a) (b)	97,550		2,982,104
			9,524,227
Household Durables—0.3%
Jarden Corp. (a) (b)	44,200		1,036,490
Tempur-Pedic International, Inc. (a)	39,400		463,344
			1,499,834
Household Products—0.7%
Church & Dwight Co., Inc.	48,200		2,992,738
Insurance—1.9%
HCC Insurance Holdings, Inc.	72,400		1,954,800
Max Capital Group, Ltd. (a)	39,000		905,970
Philadelphia Consolidated Holding Corp. (b)	50,800		2,975,356
StanCorp Financial Group, Inc.	46,500		2,418,000
			8,254,126
Internet & Catalog Retail—0.7%
Blue Nile, Inc. (a) (b)	17,325		742,723
priceline.com, Inc. (a) (b)	36,700		2,511,381
			3,254,104
Internet Software & Services—1.8%
Art Technology Group, Inc. (b)	122,400		430,848
Digital River, Inc. (a) (b)	53,200		1,723,680
j2 Global Communications, Inc. (a) (b)	58,400		1,363,640
MercadoLibre, Inc. (a) (b)	22,600		459,910
Omniture, Inc. (a) (b)	36,149		663,696
SINA Corp. (a) (b)	42,300		1,488,960

Security Description	Shares	Value
Internet Software & Services—(Continued)
ValueClick, Inc. (b)	84,100	$	860,343
Websense, Inc. (b)	47,500		1,061,625
			8,052,702
IT Services—4.2%
CACI International, Inc. (Class A) (b)	35,500		1,778,550
Cybersource Corp. (b)	120,400		1,939,644
Genpact, Ltd. (b)	33,900		352,221
Global Payments, Inc.	66,320		2,975,115
Heartland Payment Systems, Inc. (a)	82,900		2,118,924
NCI, Inc. (Class A) (b)	132,234		3,766,024
NeuStar, Inc. (Class A) (a) (b)	39,300		781,677
Perot Systems Corp. (Class A) (b)	118,100		2,049,035
RightNow Technologies, Inc. (a) (b)	108,400		1,362,588
SRA International, Inc. (b)	48,900		1,106,607
			18,230,385
Leisure Equipment & Products—0.6%
Polaris Industries, Inc. (a)	39,200		1,783,208
Pool Corp. (a)	44,100		1,028,853
			2,812,061
Life Sciences Tools & Services—3.1%
Dionex Corp. (a) (b)	12,400		788,020
eResearch Technology, Inc. (b)	64,700		770,577
Exelixis, Inc. (a) (b)	84,500		513,760
Illumina, Inc. (a) (b)	77,600		3,145,128
Invitrogen Corp. (b)	57,000		2,154,600
Parexel International Corp. (b)	79,200		2,269,872
Techne Corp. (b)	39,600		2,855,952
Varian, Inc. (b)	23,900		1,025,310
			13,523,219
Machinery—5.2%
Actuant Corp. (a)	160,700		4,056,068
Bucyrus International, Inc.	53,200		2,376,976
Chart Industries, Inc. (b)	39,300		1,122,408
Gardner Denver, Inc. (b)	35,000		1,215,200
Graco, Inc. (a)	40,200		1,431,522
IDEX Corp. (b)	57,200		1,774,344
Kaydon Corp. (a)	12,000		540,720
Kennametal, Inc.	28,400		770,208
Nordson Corp.	36,700		1,802,337
RBC Bearings, Inc. (b)	28,700		966,903
Robbins & Myers, Inc.	32,700		1,011,411
The Middleby Corp. (a) (b)	25,800		1,401,198
The Toro Co. (a)	49,200		2,031,960
Wabtec Corp.	45,900		2,351,457
			22,852,712
Marine—0.4%
Horizon Lines, Inc. (a)	21,500		212,205
Kirby Corp. (b)	44,900		1,703,506
			1,915,711

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-148

Metropolitan Series Fund, Inc.

T. Rowe Price Small Cap Growth Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Common Stock—(Continued)

Security Description	Shares	Value
Media—1.0%
Interactive Data Corp.	37,300	$	940,706
John Wiley & Sons, Inc.	44,800		1,812,160
Marvel Entertainment, Inc. (a) (b)	43,000		1,468,020
			4,220,886
Metals & Mining—0.6%
Carpenter Technology Corp.	41,400		1,061,910
Cleveland-Cliffs, Inc. (a)	16,600		878,804
Compass Minerals International, Inc.	14,300		749,177
			2,689,891
Multiline Retail—0.5%
Big Lots, Inc. (a) (b)	81,400		2,265,362
Oil, Gas & Consumable Fuels—4.2%
Bill Barrett Corp. (a) (b)	35,800		1,149,538
Cabot Oil & Gas Corp.	55,700		2,012,998
Comstock Resources, Inc. (b)	60,900		3,048,045
Concho Resources, Inc. (b)	33,300		919,413
Foundation Coal Holdings, Inc.	49,400		1,757,652
Frontier Oil Corp. (a)	53,300		981,786
International Coal Group, Inc. (a) (b)	115,200		718,848
Mariner Energy, Inc. (a) (b)	75,536		1,548,488
Penn Virginia Corp.	62,100		3,318,624
PetroQuest Energy, Inc. (a) (b)	42,300		649,305
St. Mary Land & Exploration Co.	56,700		2,021,355
			18,126,052
Personal Products—1.7%
Alberto-Culver Co.	86,000		2,342,640
Chattem, Inc. (a) (b)	26,400		2,063,952
Herbalife, Ltd. (a)	45,000		1,778,400
NBTY, Inc. (b)	41,400		1,222,128
			7,407,120
Pharmaceuticals—1.2%
Cadence Pharmaceuticals, Inc. (b)	18,900		167,832
The Medicines Co. (a) (b)	70,500		1,637,010
Valeant Pharmaceuticals International, Inc. (a) (b)	75,700		1,549,579
ViroPharma, Inc. (a) (b)	39,200		514,304
Xenoport, Inc. (b)	29,900		1,449,851
			5,318,576
Real Estate Investment Trusts—0.1%
PS Business Parks, Inc.	6,000		345,600
Real Estate Management & Development—0.2%
Jones Lang LaSalle, Inc.	21,700		943,516
Road & Rail—0.6%
Landstar System, Inc.	58,500		2,577,510
Semiconductors & Semiconductor Equipment—4.4%
Advanced Energy Industries, Inc. (a) (b)	105,300		1,440,504
Cabot Microelectronics Corp. (a) (b)	22,000		705,760

Security Description	Shares	Value
Semiconductors & Semiconductor Equipment—(Continued)
Cohu, Inc. (a)	59,300	$	938,126
Cymer, Inc. (a) (b)	54,200		1,372,886
Diodes, Inc. (a) (b)	46,700		861,615
Entegris, Inc. (b)	140,500		680,020
FormFactor, Inc. (a) (b)	41,600		724,672
Integrated Device Technology, Inc. (b)	85,750		667,135
Intersil Corp.	56,664		939,489
Micrel, Inc. (a)	102,900		933,303
ON Semiconductor Corp. (a) (b)	372,400		2,517,424
Pericom Semiconductor Corp. (b)	36,435		382,567
PMC-Sierra, Inc. (a) (b)	107,700		799,134
Semtech Corp. (b)	99,300		1,386,228
Silicon Laboratories, Inc. (b)	39,600		1,215,720
Standard Microsystems Corp. (a) (b)	18,000		449,640
Varian Semiconductor Equipment Associates, Inc. (b)	86,650		2,176,648
Verigy, Ltd. (b)	42,900		698,412
Virage Logic Corp. (a) (b)	45,554		268,769
			19,158,052
Software—6.5%
Actuate Corp. (b)	140,619		492,167
Ansys, Inc. (b)	86,630		3,280,678
Blackboard, Inc. (b)	53,200		2,143,428
Epicor Software Corp. (a) (b)	76,300		602,007
FactSet Research Systems, Inc. (a)	50,300		2,628,175
Informatica Corp. (b)	190,700		2,477,193
Jack Henry & Associates, Inc.	44,500		904,685
Kenexa Corp. (a) (b)	51,600		814,764
Lawson Software, Inc. (b)	72,900		510,300
Macrovision Solutions Corp. (a) (b)	66,600		1,024,308
MICROS Systems, Inc. (b)	79,300		2,114,138
Monotype Imaging Holdings, Inc. (a) (b)	42,400		471,912
Parametric Technology Corp. (b)	113,400		2,086,560
Phoenix Technology, Ltd. (b)	28,100		224,519
Progress Software Corp. (b)	29,500		766,705
Quest Software, Inc. (b)	68,000		862,920
SPSS, Inc. (a) (b)	37,200		1,092,192
Sybase, Inc. (b)	51,600		1,579,992
Synopsys, Inc. (b)	44,400		885,780
Taleo Corp. (a) (b)	81,870		1,628,394
THQ, Inc. (a) (b)	31,900		384,076
TIBCO Software, Inc. (a) (b)	103,900		760,548
Wind River Systems, Inc. (b)	69,000		690,000
			28,425,441
Specialty Retail—2.6%
A.C. Moore Arts & Crafts, Inc. (a) (b)	27,850		174,620
Aaron Rents, Inc. (Class B)	36,100		977,227
Aeropostale, Inc. (a) (b)	74,250		2,384,167
GameStop Corp. (Class A) (b)	18,800		643,148
Guess?, Inc.	30,600		1,064,574
Hibbett Sports, Inc. (a) (b)	34,350		687,687
J. Crew Group, Inc. (a) (b)	38,900		1,111,373
The Gymboree Corp. (b)	71,000		2,520,500
Tractor Supply Co. (a) (b)	40,100		1,686,205

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-149

Metropolitan Series Fund, Inc.

T. Rowe Price Small Cap Growth Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Common Stock—(Continued)

Security Description	Shares	Value
Specialty Retail—(Continued)
Zumiez, Inc. (a) (b)	17,200	$	283,456
			11,532,957
Textiles, Apparel & Luxury Goods—2.0%
Deckers Outdoor Corp. (a) (b)	14,600		1,519,568
Fossil, Inc. (a) (b)	70,149		1,980,306
Hanesbrands, Inc. (b)	84,700		1,842,225
Iconix Brand Group, Inc. (a) (b)	78,000		1,020,240
The Warnaco Group, Inc. (a) (b)	55,100		2,495,479
			8,857,818
Trading Companies & Distributors—0.7%
Beacon Roofing Supply, Inc. (a) (b)	78,500		1,226,170
MSC Industrial Direct Co., Inc. (Class A) (a)	43,500		2,004,045
			3,230,215
Wireless Telecommunication Services—1.2%
Leap Wireless International, Inc. (a) (b)	38,800		1,478,280
SBA Communications Corp. (a) (b)	126,600		3,275,142
Syniverse Holdings, Inc. (b)	40,100		666,061
			5,419,483
Total Common Stock (Identified Cost $463,640,561)			436,079,873

Short Term Investments—26.5%
Security Description	Shares	Value
Mutual Funds—26.5%
State Street Navigator Securities Lending Prime Portfolio (c)	112,197,505	$	112,197,505
T. Rowe Price Reserve Investment Fund	3,685,310		3,685,310
Total Short Term Investments (Identified Cost $115,882,815)			115,882,815
Total Investments—126.2% (Identified Cost $579,523,376) (d)			551,962,688
Liabilities in excess of other assets			(114,617,708	)
Total Net Assets—100%		$	437,344,980

(a) A portion or all of the security was held on loan. As of September 30, 2008, the market value of securities loaned was $112,606,323 and the collateral received consisted of cash in the amount of $112,197,505 and non-cash collateral with a value of $373,318. The cash collateral is invested in a money market fund managed by an affiliate of the custodian. The non-cash collateral received consists primarily of government securities and bank letters of credit, and are held for the benefit of the Portfolio at the Portfolio’s custodian.

(b) Non-Income Producing.

(c) Represents investment of cash collateral received from securities lending transactions.

(d) The aggregate cost of investments for federal income tax purposes as of September 30, 2008 was $579,819,585 and the composition of unrealized appreciation and depreciation of investment securities was $36,763,731 and $(64,620,628), respectively.

Affiliated Issuer
Security Description	Number of Shares Held at 12/31/2007	Shares Purchased Since 12/31/2007	Shares Sold Since 12/31/2007		Number of Shares Held at 9/30/2008	Realized Gain/Loss on Shares Sold		Income for Period Ended 9/30/2008
T. Rowe Price Reserve Investment Fund	3,756,232	62,745,855	(62,816,777	)	3,685,310	$	0	$	17,155

The Portfolio adopted the provisions of Statement of Financial Accounting Standards No. 157, “Fair Value Measurements” (FAS 157), effective with the beginning of the Portfolio’s fiscal year. FAS 157 establishes a framework for measuring fair value and expands disclosures about fair value measurements in financial statements. Management has evaluated the application of FAS 157 to the Portfolio, and has determined that the adoption of FAS 157 does not have a material impact on the Portfolio’s financial statements. The three levels of the hierarchy under FAS 157 are described below:

Level 1—quoted prices in active markets for identical securities

Level 2—other significant observable inputs (including quoted prices for similar securities, interest rates, credit risk, etc.)

Level 3—significant unobservable inputs (including the Adviser and Subadvisor’s own assumptions in determining the fair value of investments)

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

The following is a summary of the inputs used to value the Portfolio’s net assets as of September 30, 2008:

Valuation Inputs	Investments In Securities		Other Financial Instruments*
Level 1—Quoted Prices	$	551,962,688	$	0
Level 2—Other Significant Observable Inputs		0		0
Level 3—Significant Unobservable Inputs		0		0
Total	$	551,962,688	$	0

* Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures, forwards, swap contracts and written options, which are valued based on the unrealized appreciation/depreciation on the instrument.

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-150

Metropolitan Series Fund, Inc.

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Fixed Income—105.1% of Total Net Assets

Security Description	Face Amount		Value
Aerospace & Defense—0.6%
DRS Technologies, Inc. 6.625%, 02/01/16	$	375,000	$	378,750
L-3 Communications Corp. 6.375%, 10/15/15		3,845,000		3,537,400
7.625%, 06/15/12		400,000		394,000
Sequa Corp. (144A) 11.750%, 12/01/15		660,000		554,400
13.500%, 12/01/15		682,275		576,522
				5,441,072
Airlines—0.3%
Delta Airlines, Inc. 6.821%, 08/10/22		934,936		761,973
Northwest Airlines, Inc. 4.030%, 05/20/14 (a)		2,358,889		1,957,877
				2,719,850
Asset Backed—5.6%
ACE Securities Corp. 3.337%, 02/25/31 (a)		2,245,131		1,861,872
Amortizing Residential Collateral Trust 5.007%, 08/25/32 (a)		109,629		14,908
Asset Backed Securities Corp. 5.338%, 04/15/33 (a)		55,071		33,898
Bear Stearns Asset Backed Securities Trust 3.577%, 01/25/34 (a)		101,022		80,069
4.457%, 08/25/37 (a)		3,729,932		3,204,832
6.000%, 10/25/36		5,991,792		4,681,201
6.500%, 10/25/36		5,900,874		4,711,148
Countrywide Asset Backed Certificates 4.457%, 06/25/34 (a)		268,225		120,096
Countrywide Home Equity Loan Trust 2.628%, 12/25/31 (a)		2,687,477		1,596,305
Ellington Loan Acquisition Trust (144A) 4.207%, 05/25/37 (a)		3,935,221		3,628,009
4.457%, 05/25/37 (a)		4,400,000		2,513,888
GMAC Mortgage Corp. Loan Trust 3.417%, 11/25/36 (a)		9,480,789		3,891,269
Green Tree Financial Corp. 7.070%, 01/15/29		332,990		327,508
GSAMP Trust 3.297%, 07/05/36 (a)		1,154,004		506,450
GSAMP Trust (144A) 3.317%, 05/25/36 (a)		1,977,425		1,779,406
GSRPM Mortgage Loan Trust (144A) 3.507%, 03/25/35 (a)		2,182,516		1,680,581
Indymac Seconds Asset Backed Trust 3.337%, 06/25/36 (a)		2,891,149		812,710
Lehman XS Trust 2.592%, 06/25/37 (a)		2,132,612		1,750,702
2.602%, 06/25/37 (a)		6,062,036		5,233,889
Long Beach Mortgage Loan Trust 3.347%, 11/25/35 (a)		562,009		557,205
3.708%, 01/21/31 (a)		49,288		43,518

Security Description	Face Amount		Value
Asset Backed—(Continued)
Mid-State Trust 7.340%, 07/01/35	$	511,982	$	480,313
Nelnet Student Loan Trust 4.280%, 04/25/24 (a)		1,680,000		1,623,166
RAAC Series (144A) 3.457%, 08/25/35 (a)		2,319,709		1,747,227
SACO I Trust 3.337%, 06/25/36 (a)		2,651,607		582,354
Sail Net Interest Margin Notes (144A) 5.500%, 03/27/34 (b)		35,690		0
7.750%, 04/27/33 (b)		783		0
SLM Student Loan Trust 2.790%, 07/25/17 (a)		2,312,562		2,303,765
Structured Asset Securities Corp. 3.457%, 11/25/37 (a)		2,649,220		2,358,012
Structured Asset Securities Corp. (144A) 3.317%, 02/25/36 (a)		2,582,316		355,503
Washington Mutual Master Note Trust (144A) 2.518%, 09/16/13 (a)		4,150,000		3,708,624
				52,188,428
Auto Components—0.7%
Allison Transmission 11.000%, 11/01/15 (c)		1,100,000		957,000
11.250%, 11/01/15 (c)		3,000,000		2,460,000
Keystone Automotive Operations, Inc. 9.750%, 11/01/13 (c)		1,465,000		776,450
Visteon Corp. 8.250%, 08/01/10 (c)		971,000		805,930
12.250%, 12/31/16 (c)		2,508,000		1,504,800
				6,504,180
Automobiles—0.7%
Ford Motor Co. 6.625%, 10/01/28		135,000		51,300
7.450%, 07/16/31 (c)		5,045,000		2,169,350
8.900%, 01/15/32 (c)		105,000		47,250
General Motors Corp. 8.250%, 07/15/23 (c)		685,000		268,863
8.375%, 07/15/33 (c)		10,580,000		4,232,000
				6,768,763
Building Products—1.4%
Associated Materials, Inc. 9.750%, 04/15/12		5,830,000		5,742,550
0/11.500%, 03/01/14 (c) (d)		1,165,000		751,425
Norcraft Cos., L.P. 9.000%, 11/01/11 (c)		4,635,000		4,449,600
Norcraft Holdings, L.P. 9.750%, 09/01/12 (d)		225,000		202,500
Nortek, Inc. 8.500%, 09/01/14 (c)		3,860,000		2,200,200
				13,346,275

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-151

Metropolitan Series Fund, Inc.

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Fixed Income—(Continued)

Security Description	Face Amount		Value
Capital Markets—0.5%
Lehman Brothers Holdings, Inc. 6.750%, 12/28/17	$	2,890,000	$	3,612
Morgan Stanley 3.235%, 10/18/16 (a) (c)		490,000		319,419
5.625%, 01/09/12		1,290,000		899,413
The Bear Stearns Cos., Inc. 5.550%, 01/22/17 (c)		1,130,000		970,376
7.250%, 02/01/18		1,910,000		1,838,136
The Goldman Sachs Group, L.P. 4.500%, 06/15/10		1,110,000		1,030,390
				5,061,346
Chemicals—0.1%
Georgia Gulf Corp. 9.500%, 10/15/14 (c)		320,000		196,800
10.750%, 10/15/16 (c)		1,770,000		796,500
Key Plastics, LLC (144A) 10.250%, 03/15/17		250,000		250
				993,550
Commercial Banks—2.4%
Capital One Bank 5.750%, 09/15/10		50,000		46,058
Glitnir Banki Hf (144A) 6.330%, 07/28/11		720,000		569,549
6.693%, 06/15/16 (a)		1,400,000		741,146
HSBK Europe B.V. (144A) 9.250%, 10/16/13 (c)		1,690,000		1,284,400
ICICI Bank, Ltd. 6.375%, 04/30/22 (a) (c)		939,000		753,472
ICICI Bank, Ltd. (144A) 6.375%, 04/30/22 (a)		1,364,000		941,474
Kaupthing Bank Hf 7.625%, 02/28/15		5,920,000		5,541,120
Kaupthing Bank Hf (144A) 5.750%, 10/04/11		350,000		278,205
7.125%, 05/19/16		450,000		273,999
Landsbanki Islands Hf (144A) 6.100%, 08/25/11		2,000,000		1,695,160
Royal Bank of Scotland Group, Plc. 7.640%, 03/31/49 (a)		500,000		372,509
Royal Bank of Scotland Group, Plc. (144A) 6.990%, 10/29/49 (a)		790,000		588,748
Santander Issuances S.A. Unipersonal (144A) 5.805%, 06/20/16 (a)		1,180,000		1,132,210
Shinsei Finance Cayman, Ltd. (144A) 6.418%, 01/29/49 (a)		1,100,000		461,239
TuranAlem Finance BV 8.250%, 01/22/37		1,620,000		907,200
TuranAlem Finance BV (144A) 8.250%, 01/22/37		2,490,000		1,394,400
Wachovia Corp. 5.250%, 08/01/14		3,110,000		1,907,005
Wells Fargo Capital XV 9.750%, 12/31/49 (e)		3,300,000		3,201,000
				22,088,894

Security Description	Face Amount		Value
Commercial Mortgage-Backed Securities—17.1%
American Home Mortgage Investment Trust 5.294%, 06/25/45	$	3,551,306	$	1,971,553
Banc of America Funding Corp. 3.358%, 05/20/36 (a)		1,516,399		1,155,267
Banc of America Mortgage Securities, Inc. 4.801%, 09/25/35 (a)		4,453,754		4,051,047
5.169%, 12/25/34 (a)		10,656,241		9,444,213
Bear Stearns Adjustable Rate Mortgage Trust 4.650%, 10/25/35 (a)		2,700,000		2,035,825
Bear Stearns Structured Products, Inc. (144A) 3.807%, 09/25/37 (a)		8,666,713		8,645,567
Citigroup Mortgage Loan Trust, Inc. 5.684%, 12/25/35 (a)		5,940,105		4,224,341
Commercial Mortgage Asset Trust 7.350%, 01/17/32		475,000		487,107
Commercial Mortgage Pass-Through Certificates (144A)
5.447%, 07/16/34		583,864		574,824
Countrywide Alternative Loan Trust 3.388%, 07/25/36 (a)		3,952,002		2,396,733
3.407%, 05/25/36 (a)		2,746,324		1,651,701
3.537%, 11/20/35 (a)		4,983,434		3,178,882
Credit Suisse Mortgage Capital Certificates 5.609%, 02/15/39 (a)		3,270,000		2,934,022
Crusade Global Trust 3.066%, 09/18/34 (a)		484,794		459,248
EMC Mortgage Loan Trust (144A) 3.657%, 05/25/43 (a)		2,767,766		2,296,720
3.907%, 01/25/41 (a)		700,000		404,712
First Union National Bank Commercial Mortgage
0.812%, 05/17/32 (a) (f)		10,551,807		143,719
Greenpoint Mortgage Funding Trust 3.287%, 03/25/37 (a)		6,030,978		3,623,421
GSMPS Mortgage Loan Trust (144A) 3.557%, 01/25/35 (a)		1,591,089		1,444,105
GSR Mortgage Loan Trust 5.178%, 01/25/36 (a)		3,572,001		3,273,271
5.300%, 10/25/35 (a)		824,905		633,930
Harborview Mortgage Loan Trust 3.250%, 06/25/37 (a)		7,380,124		4,469,401
3.280%, 01/19/36 (a)		2,316,663		1,504,208
4.207%, 08/19/37 (a)		7,171,055		4,159,785
Impac Secured Assets CMN Owner Trust 3.527%, 03/25/36 (a)		2,652,534		1,956,905
3.557%, 08/25/36 (a)		530,465		320,184
Indymac INDA Mortgage Loan Trust 6.250%, 11/25/37 (a)		3,801,354		3,340,646
Indymac Index Mortgage Loan Trust 3.567%, 01/25/35 (a)		1,505,610		1,017,583
5.980%, 08/25/37 (a)		5,662,013		3,644,345
6.079%, 03/25/35 (a)		1,374,835		921,538
JPMorgan Chase Commercial Mortgage Securities Corp.
5.814%, 06/12/43		4,960,000		4,452,585
LB-UBS Commercial Mortgage Trust 5.430%, 02/15/40		7,970,000		6,685,065
Luminent Mortgage Trust 3.397%, 05/25/46 (a)		3,195,880		1,974,394

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-152

Metropolitan Series Fund, Inc.

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Fixed Income—(Continued)

Security Description	Face Amount		Value
Commercial Mortgage-Backed Securities—(Continued)
MASTR Seasoned Securities Trust 6.322%, 10/25/32 (a)	$	675,839	$	536,508
Merit Securities Corp. (144A) 3.970%, 09/28/32 (a)		722,321		500,656
Merrill Lynch Mortgage Investors, Inc. 5.030%, 05/25/34 (a)		1,166,159		1,028,806
Merrill Lynch Mortgage Trust 5.841%, 05/12/39 (a)		1,890,000		1,705,355
Merrill Lynch/Countrywide Commercial Mortgage Trust
5.485%, 03/12/51 (a)		2,070,000		1,736,212
5.810%, 06/12/50 (a)		6,940,000		5,928,076
Morgan Stanley Capital I 5.692%, 04/15/49		2,240,000		1,902,758
Morgan Stanley Mortgage Loan Trust 3.357%, 03/25/36 (a)		1,777,707		555,666
3.527%, 01/25/35 (a)		2,037,745		1,274,317
5.495%, 06/26/36 (a)		3,139,288		2,887,768
Novastar Mortgage-Backed Notes 3.397%, 06/25/36 (a)		3,054,631		1,838,812
Prime Mortgage Trust (144A) 6.000%, 05/25/35		1,317,330		1,205,423
6.000%, 11/25/36		5,301,314		4,559,448
Prime Mortgage Trust (Class 1) (144A) 5.500%, 05/25/35		2,922,479		2,645,399
Prime Mortgage Trust (Class 2) (144A) 5.500%, 05/25/35		7,413,502		6,272,860
RBSGC Mortgage Pass Through Certificates 3.657%, 01/25/37 (a)		3,281,286		2,511,719
Structured Adjustable Rate Mortgage Loan Trust 5.187%, 01/25/35 (a)		1,857,321		1,551,188
5.641%, 09/25/35 (a)		2,973,392		2,136,976
Structured Asset Mortgage Investments, Inc. 6.169%, 08/25/35 (a)		260,384		182,462
Thornburg Mortgage Securities Trust 3.437%, 12/25/35 (a)		1,944,780		1,937,084
WaMu Mortgage Pass-Through Certificates 3.477%, 12/25/45 (a)		4,773,537		3,088,686
3.487%, 11/25/45 (a)		3,370,221		2,133,589
3.497%, 07/25/45 (a)		63,261		42,054
3.497%, 10/25/45 (a)		1,968,471		1,243,470
5.348%, 08/25/36		6,643,019		5,568,371
5.504%, 04/25/37 (a)		2,774,989		2,501,046
5.662%, 03/25/37 (a)		3,136,027		2,398,244
5.931%, 09/25/36 (a)		1,722,880		1,337,191
Wells Fargo Mortgage Backed Securities Trust 4.538%, 02/25/35 (a)		5,131,379		4,391,079
4.604%, 06/25/35 (a)		469,163		428,978
5.240%, 05/25/36 (a)		1,246,570		1,164,181
Zuni Mortgage Loan Trust 3.337%, 06/25/36 (a)		2,241,016		2,159,893
				158,831,122
Commercial Services & Supplies—1.6%
Allied Waste North America, Inc. 7.875%, 04/15/13		75,000		74,437

Security Description	Face Amount		Value
Commercial Services & Supplies—(Continued)
Corrections Corp. of America 6.250%, 03/15/13	$	150,000	$	140,250
6.750%, 01/31/14		275,000		258,500
DynCorp International 9.500%, 02/15/13		730,000		715,400
H&E Equipment Services, Inc. 8.375%, 07/15/16 (c)		500,000		370,000
Hertz Corp. 8.875%, 01/01/14 (c)		2,190,000		1,888,875
10.500%, 01/01/16 (c)		4,980,000		4,158,300
Interface, Inc. 10.375%, 02/01/10		650,000		663,000
RSC Equipment Rental, Inc. 9.500%, 12/01/14 (c)		5,250,000		3,976,875
Safety-Kleen Services, Inc. 9.250%, 06/01/08 (g) (h)		250,000		0
Service Corp. International 7.500%, 04/01/27		330,000		252,450
7.625%, 10/01/18		125,000		111,875
U.S. Investigations Services, Inc. (144A) 11.750%, 05/01/16		1,440,000		1,180,800
Waste Management, Inc. 6.375%, 11/15/12		1,290,000		1,291,961
				15,082,723
Communications Equipment—0.1%
Intelsat Bermuda, Ltd. 11.250%, 06/15/16		500,000		486,250
Construction & Engineering—0.4%
K Hovananian Enterprises, Inc. (144A) 11.500%, 05/01/13		3,895,000		3,817,100
Consumer Finance—0.7%
American Express Co. 6.800%, 09/01/66 (a)		3,550,000		3,034,487
SLM Corp. 5.000%, 10/01/13		1,565,000		970,300
5.000%, 04/15/15		60,000		36,000
5.050%, 11/14/14		310,000		189,100
5.375%, 05/15/14		2,955,000		1,832,100
5.625%, 08/01/33		295,000		147,500
				6,209,487
Containers & Packaging—0.1%
Graham Packaging Co., Inc. 8.500%, 10/15/12		280,000		259,000
9.875%, 10/15/14 (c)		120,000		104,400
Graphic Packaging International Corp. 9.500%, 08/15/13 (c)		300,000		271,500
Plastipak Holdings, Inc. (144A) 8.500%, 12/15/15		200,000		169,000
Radnor Holdings Corp. 11.000%, 03/15/10 (g)		175,000		219
				804,119

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-153

Metropolitan Series Fund, Inc.

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Fixed Income—(Continued)

Security Description	Face Amount		Value
Diversified Financial Services—10.2%
AGFC Capital Trust I (144A) 6.000%, 01/15/67 (a)	$	815,000	$	218,916
Aiful Corp. (144A) 5.000%, 08/10/10		800,000		621,440
American General Finance Corp. 6.900%, 12/15/17		610,000		282,852
Anadarko Finance Co. 7.500%, 05/01/31		1,500,000		1,375,481
BAC Capital Trust XIV 5.630%, 12/31/49 (a)		2,520,000		1,304,050
Bank of America Corp. 5.420%, 03/15/17		1,700,000		1,353,203
8.000%, 12/29/49 (a)		1,610,000		1,274,906
Basell AF SCA (144A) 8.375%, 08/15/15		1,630,000		766,100
Caterpillar Financial Services Corp. 6.200%, 09/30/13		2,290,000		2,289,936
Citigroup, Inc. 5.000%, 09/15/14		3,650,000		2,798,499
6.500%, 08/19/13		2,990,000		2,657,416
6.875%, 03/05/38		2,720,000		2,224,868
Credit Suisse Guernsey, Ltd. 5.860%, 05/29/49 (a)		500,000		378,534
Deutsche Telekom International Finance BV 5.750%, 03/23/16 (c)		820,000		731,465
Devon Financing Corp., U.L.C. 6.875%, 09/30/11		3,680,000		3,838,464
El Paso Performance-Linked Trust (144A) 7.750%, 07/15/11		1,940,000		1,964,506
FMC Finance III S.A. 6.875%, 07/15/17		750,000		721,875
Ford Motor Credit Co. 7.375%, 10/28/09		5,150,000		4,140,425
7.800%, 06/01/12		10,000,000		6,209,250
7.875%, 06/15/10		1,975,000		1,507,571
8.069%, 06/15/11 (a)		904,000		658,234
12.000%, 05/15/15		3,010,000		2,296,964
General Electric Capital Corp. 6.375%, 11/15/67 (a)		6,110,000		4,944,041
GMAC, LLC 5.625%, 05/15/09 (c)		1,410,000		1,007,476
5.850%, 01/14/09 (c)		370,000		316,228
6.625%, 05/15/12		5,090,000		2,154,943
6.750%, 12/01/14		670,000		257,155
6.875%, 09/15/11		11,325,000		5,053,068
7.250%, 03/02/11		40,000		18,919
8.000%, 11/01/31 (c)		1,650,000		622,507
Goldman Sachs Capital II 5.793%, 12/29/49 (a)		3,880,000		1,704,523
Hawker Beechcraft Acquisition Co., LLC. 8.875%, 04/01/15 (c)		5,420,000		4,905,100
HSBC Finance Capital Trust IX 5.911%, 11/30/35 (a)		50,000		37,556
ILFC E-Capital Trust II (144A) 6.250%, 12/21/65 (a)		330,000		98,622

Security Description	Face Amount		Value
Diversified Financial Services—(Continued)
Intergas Finance BV 6.375%, 05/14/17	$	2,450,000	$	1,764,000
International Lease Finance Corp. 5.875%, 05/01/13		50,000		31,629
John Deere Capital Corp. 5.100%, 01/15/13 (c)		2,000,000		1,961,644
JPMorgan Chase & Co. 5.125%, 09/15/14		2,740,000		2,441,929
5.150%, 10/01/15		1,430,000		1,286,341
6.625%, 03/15/12		70,000		68,796
KAC Aquisition Co. (144A) Zero Coupon, 04/26/26 (h)		3,316		3
Lehman Brothers Holdings Capital Trust VII 5.857%, 11/29/49 (a)		3,780,000		378
Lehman Brothers Holdings E-Capital Trust I 3.850%, 08/19/65 (a)		1,080,000		108
Leucadia National Corp. 8.125%, 09/15/15 (c)		520,000		505,700
Level 3 Financing, Inc. 9.250%, 11/01/14		4,015,000		3,031,325
NXP Funding, LLC 9.500%, 10/15/15 (c)		185,000		95,275
Petrobras International Finance Co. 6.125%, 10/06/16		1,190,000		1,121,575
Residential Capital, LLC 8.500%, 05/15/10		567,000		311,850
9.625%, 05/15/15		4,040,000		969,600
Resona Preferred Global Securities Cayman, Ltd. (144A)
7.191%, 12/29/49 (a)		770,000		571,641
Rio Tinto Finance USA, Ltd. 6.500%, 07/15/18		2,160,000		2,042,515
RSHB Capital S.A. for OJSC Russian Agricultural Bank (144A)
6.299%, 05/15/17		570,000		406,923
Sprint Capital Corp. 6.900%, 05/01/19		30,000		23,250
8.375%, 03/15/12		1,725,000		1,552,500
8.750%, 03/15/32		160,000		124,800
SunTrust Capital VIII 6.100%, 12/01/66 (a)		650,000		400,589
Telecom Italia Capital S.A. 5.250%, 10/01/15		2,100,000		1,748,040
6.999%, 06/04/18		560,000		502,684
TNK-BP Finance S.A. 7.500%, 07/18/16		108,000		93,699
7.875%, 03/13/18		2,440,000		1,708,000
TNK-BP Finance S.A. (144A) 6.625%, 03/20/17		670,000		435,500
7.500%, 07/18/16		1,080,000		756,000
VIP Finance Ireland, Ltd. (144A) 8.375%, 04/30/13		1,950,000		1,550,383
Virgin Media Finance, Plc. 9.125%, 08/15/16		7,780,000		6,515,750
Wells Fargo Capital X 5.950%, 12/15/36 (c)		930,000		766,633
Wind Acquisition Finance S.A. (144A) 10.750%, 12/01/15		960,000		940,800
				94,464,953

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-154

Metropolitan Series Fund, Inc.

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Fixed Income—(Continued)

Security Description	Face Amount		Value
Diversified Telecommunication Services—2.3%
AT&T, Inc. 5.500%, 02/01/18	$	2,570,000	$	2,288,637
Citizens Communications Co. 7.125%, 03/15/19		165,000		131,175
7.875%, 01/15/27		250,000		187,500
Embarq Corp. 6.738%, 06/01/13		3,550,000		3,129,041
Intelsat Corp. 9.250%, 08/15/14		2,000,000		1,870,000
Nordic Telephone Co. Holdings ApS (144A) 8.875%, 05/01/16		1,070,000		973,700
Qwest Communications International, Inc. 7.250%, 02/15/11		1,200,000		1,137,000
Qwest Communications International, Inc. (Series B)
7.500%, 02/15/14		4,613,000		3,990,245
Royal KPN NV 8.000%, 10/01/10		990,000		1,037,401
Verizon Communications, Inc. 5.500%, 02/15/18		970,000		857,441
Verizon Florida, Inc. 6.125%, 01/15/13 (c)		70,000		67,692
Verizon New York, Inc. 6.875%, 04/01/12		1,820,000		1,819,927
Windstream Corp. 8.625%, 08/01/16		4,560,000		4,206,600
				21,696,359
Electric Utilities—3.5%
Dominion Resources, Inc. 5.700%, 09/17/12		1,350,000		1,336,999
Edison Mission Energy
7.000%, 05/15/17		390,000		351,000
7.200%, 05/15/19		5,780,000		5,086,400
7.625%, 05/15/27		190,000		153,900
Energy Future Holdings Corp. 11.250%, 11/01/17		18,230,000		16,315,850
Exelon Corp. 5.625%, 06/15/35		595,000		461,518
FirstEnergy Corp. 6.450%, 11/15/11		770,000		773,673
7.375%, 11/15/31		1,645,000		1,529,425
Mirant Mid-Atlantic, LLC 9.125%, 06/30/17		2,692,529		2,773,305
Williams Cos., Inc.
7.125%, 09/01/11		50,000		49,250
7.500%, 01/15/31		925,000		841,731
7.625%, 07/15/19		125,000		123,125
7.750%, 06/15/31		1,410,000		1,317,744
7.875%, 09/01/21		1,091,000		1,091,000
8.750%, 03/15/32		455,000		466,539
				32,671,459
Energy Equipment & Services—0.6%
Compagnie Generale de Geophysique-Veritas 7.500%, 05/15/15		115,000		109,825
7.750%, 05/15/17		480,000		456,000

Security Description	Face Amount		Value
Energy Equipment & Services—(Continued)
Kinder Morgan Energy Partners, L.P.
5.850%, 09/15/12 (e)	$	100,000	$	97,139
6.000%, 02/01/17 (c)		1,410,000		1,278,133
6.300%, 02/01/09		200,000		199,736
6.750%, 03/15/11		770,000		779,710
6.950%, 01/15/38		2,600,000		2,228,255
7.125%, 03/15/12		20,000		20,221
SemGroup, L.P. (144A) 8.750%, 11/15/15		1,125,000		112,500
Transocean, Inc. 5.250%, 03/15/13 (e)		320,000		310,906
				5,592,425
Federal Agencies—29.0%
Farmer Mac Guaranteed Notes Trust 5.125%, 04/19/17		3,400,000		3,473,678
Federal Home Loan Bank
5.000%, 12/21/15 (c)		3,660,000		3,755,870
5.000%, 12/01/34		135,442		132,230
5.500%, 10/01/35		1,438,277		1,432,679
5.500%, 07/15/36 (c)		2,690,000		2,828,088
5.500%, 07/01/37		1,868,696		1,860,255
5.500%, 12/01/37		3,685,756		3,669,306
5.553%, 11/01/37 (a)		10,148,496		10,289,310
5.571%, 01/01/38 (a)		9,555,991		9,573,899
Federal Home Loan Mortgage Corp.
5.360%, 02/01/36 (a)		2,185,632		2,214,276
5.500%, 12/01/36		26,478,673		26,363,205
5.600%, 10/17/13		610,000		610,794
5.779%, 02/01/37 (a)		1,178,571		1,198,015
5.907%, 05/01/37 (a)		2,413,016		2,458,285
5.938%, 05/01/37 (a)		3,201,543		3,267,070
6.000%, TBA		3,800,000		3,846,314
11.565%, 06/15/21 (a) (f)		70		1,824
Federal National Mortgage Association
3.000%, 07/12/10 (c)		2,140,000		2,135,125
5.000%, 08/01/34		322,628		315,079
5.000%, 03/01/35		277,064		270,581
5.000%, 05/01/35		730,061		712,522
5.000%, 06/01/35		12,167,826		11,883,103
5.000%, 08/01/35		224,651		219,167
5.000%, 02/01/36		15,129,465		14,765,986
5.000%, 07/01/38		9,999,004		9,749,408
5.000%, TBA		62,700,000		61,024,731
5.125%, 10/01/35 (a)		989,243		1,006,073
5.500%, 04/01/36		8,291,398		8,181,811
5.500%, 11/01/36		4,138,975		4,131,273
5.500%, 01/01/37		6,598,836		6,586,557
5.500%, 08/01/37		2,721,383		2,714,898
5.506%, 02/01/37 (a)		6,897,767		6,898,331
6.000%, 10/01/36		13,459,601		13,648,430
6.000%, 07/01/37		919,117		931,960
6.000%, 09/01/37		692,147		701,819
6.000%, TBA		2,200,000		2,232,687
6.500%, 03/01/26		18,576		19,251

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-155

Metropolitan Series Fund, Inc.

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Fixed Income—(Continued)

Security Description	Face Amount		Value
Federal Agencies—(Continued)
Federal National Mortgage Association
6.500%, 03/01/36	$	824,048	$	845,909
6.500%, 08/01/36		871,185		894,297
6.500%, 10/01/36		538,652		552,942
6.500%, 12/01/36		600,330		616,256
6.500%, 05/01/37		947,591		972,677
6.500%, 07/01/37		951,036		976,212
6.500%, 08/01/37		457,172		469,274
6.500%, 09/01/37		1,975,638		2,027,940
6.500%, 10/01/37		2,677,749		2,748,637
7.000%, 05/01/26		3,392		3,571
7.500%, 12/01/29		5,758		6,102
7.500%, 06/01/30		6,413		6,799
7.500%, 08/01/30		1,158		1,226
7.500%, 11/01/30		26,890		29,048
7.500%, 02/01/31		1,904		2,057
8.000%, 08/01/27		4,494		4,900
8.000%, 01/01/31		158,523		172,539
8.500%, 08/01/19		86,144		93,981
10.400%, 04/25/19		3,168		3,422
Government National Mortgage Association
5.000%, TBA		13,600,000		13,336,500
5.500%, TBA		9,800,000		9,770,906
6.000%, TBA		11,000,000		11,152,832
				269,791,917
Food & Staples Retailing—0.2%
CVS Caremark Corp. 6.943%, 01/10/30		2,102,765		1,991,213
Safeway, Inc. 7.250%, 02/01/31 (c)		50,000		50,827
				2,042,040
Food Products—0.4%
Alliance One International, Inc. 11.000%, 05/15/12		1,480,000		1,450,400
Dole Food Co., Inc. 7.250%, 06/15/10		2,535,000		2,230,800
8.875%, 03/15/11 (c)		150,000		126,000
				3,807,200
Foreign Government—0.6%
Mexico Government International Bond
5.625%, 01/15/17 (c)		1,260,000		1,230,390
5.875%, 01/15/14		760,000		764,750
6.750%, 09/27/34		851,000		855,255
10.375%, 02/17/09		238,000		242,998
Region of Lombardy Italy 5.804%, 10/25/32		925,000		1,037,027
Russian Federation 7.500%, 03/31/30 (a)		160		164
11.000%, 07/24/18		950,000		1,304,730
				5,435,314

Security Description	Face Amount		Value
Gas Utilities—0.1%
El Paso Natural Gas Co. 8.375%, 06/15/32	$	590,000	$	565,192
Government Agency—0.7%
Tennessee Valley Authority 5.980%, 04/01/36		2,320,000		2,602,251
Virginia Housing Development Authority 6.000%, 06/25/34		3,991,271		3,991,591
				6,593,842
Health Care Providers & Services—2.9%
Community Health Systems, Inc. 8.875%, 07/15/15		965,000		916,750
DaVita, Inc. 6.625%, 03/15/13		405,000		384,750
HCA, Inc.
6.250%, 02/15/13		1,143,000		954,405
6.375%, 01/15/15		4,595,000		3,618,562
9.125%, 11/15/14		90,000		87,525
9.250%, 11/15/16		690,000		671,025
9.625%, 11/15/16		6,651,000		6,318,450
Humana, Inc. 7.200%, 06/15/18		540,000		511,471
Tenet Healthcare Corp.
6.500%, 06/01/12 (c)		2,595,000		2,400,375
6.875%, 11/15/31		95,000		64,600
7.375%, 02/01/13 (c)		325,000		295,750
9.250%, 02/01/15 (c)		4,545,000		4,295,025
9.875%, 07/01/14		1,280,000		1,248,000
US Oncology Holdings, Inc. 8.334%, 03/15/12 (a)		5,175,666		3,959,384
Vanguard Health Holdings Co. I, LLC 0/11.250%, 10/01/15 (c) (d)		900,000		778,500
Vanguard Health Holdings Co. II, LLC 9.000%, 10/01/14		580,000		559,700
WellPoint, Inc. 5.875%, 06/15/17		130,000		120,335
				27,184,607
Hotels, Restaurants & Leisure—0.7%
Boyd Gaming Corp. 6.750%, 04/15/14 (c)		100,000		71,750
Caesars Entertainment, Inc. 8.125%, 05/15/11 (c)		6,070,000		3,581,300
Carrols Corp. 9.000%, 01/15/13 (c)		205,000		147,600
Inn of the Mountain Gods Resort & Casino 12.000%, 11/15/10 (c)		1,025,000		697,000
MGM MIRAGE
6.750%, 09/01/12 (c)		320,000		250,400
7.625%, 01/15/17 (c)		435,000		313,200
Station Casinos, Inc.
6.500%, 02/01/14 (c)		125,000		36,875
7.750%, 08/15/16 (c)		2,870,000		1,556,975

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-156

Metropolitan Series Fund, Inc.

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Fixed Income—(Continued)

Security Description	Face Amount		Value
Hotels, Restaurants & Leisure—(Continued)
Turning Stone Casino Resort Enterprise (144A) 9.125%, 12/15/10	$	275,000	$	261,250
				6,916,350
Household Durables—0.0%
Jarden Corp. 7.500%, 05/01/17 (c)		450,000		374,625
Independent Power Producers & Energy Traders—1.8%
Duke Energy Corp.
4.200%, 10/01/08		50,000		50,000
5.625%, 11/30/12		370,000		374,736
Mirant North America, LLC 7.375%, 12/31/13		400,000		376,000
NRG Energy, Inc.
7.250%, 02/01/14		155,000		143,762
7.375%, 02/01/16		8,790,000		7,911,000
The AES Corp.
7.750%, 03/01/14		35,000		32,550
7.750%, 10/15/15 (c)		520,000		471,900
8.000%, 10/15/17		6,850,000		6,182,125
8.875%, 02/15/11 (c)		150,000		147,750
9.375%, 09/15/10 (c)		403,000		403,000
The AES Corp. (144A) 8.000%, 06/01/20		620,000		542,500
TXU Corp.
5.550%, 11/15/14		420,000		313,428
				16,948,751
Industrial Conglomerates—0.6%
Corporacion Andina de Fomento 6.875%, 03/15/12		2,900,000		3,025,863
Tyco International Group S.A.
6.000%, 11/15/13		2,660,000		2,606,507
6.125%, 11/01/08		50,000		50,071
				5,682,441
Insurance—0.5%
American International Group, Inc.
5.850%, 01/16/18		350,000		175,681
6.250%, 03/15/37		760,000		121,766
8.250%, 08/15/18 (e)		1,930,000		1,121,278
The Travelers Cos., Inc. 6.250%, 03/15/67 (a)		4,400,000		3,384,190
				4,802,915
Internet Software & Services—0.0%
Expedia, Inc. 8.500%, 07/01/16 (c)		140,000		126,000
IT Services—0.7%
Electronic Data Systems Corp. 7.125%, 10/15/09		1,270,000		1,290,471
First Data Corp. (144A) 9.875%, 09/24/15 (c)		1,000,000		785,000

Security Description	Face Amount		Value
IT Services—(Continued)
SunGard Data Systems, Inc.
9.125%, 08/15/13	$	280,000	$	252,000
10.250%, 08/15/15 (c)		5,030,000		4,363,525
				6,690,996
Leisure Equipment & Products—0.0%
Seneca Gaming Corp. 7.250%, 05/01/12		225,000		195,750
Marine—0.1%
Overseas Shipholding Group, Inc. 7.500%, 02/15/24		340,000		300,900
Teekay Corp. 8.875%, 07/15/11		650,000		656,500
				957,400
Media—4.6%
Affinion Group, Inc.
10.125%, 10/15/13 (c)		500,000		470,000
11.500%, 10/15/15		1,060,000		985,800
Cablevision Systems Corp. 8.000%, 04/15/12 (c)		1,210,000		1,137,400
CCH I Holdings, LLC 11.000%, 10/01/15 (c)		2,984,000		1,969,440
Charter Communications Operating, LLC (144A)
8.000%, 04/30/12		1,560,000		1,396,200
10.875%, 09/15/14 (c)		9,995,000		9,695,150
Clear Channel Communications, Inc. 6.250%, 03/15/11 (c)		1,130,000		728,850
Comcast Cable Communications Holdings, Inc.
8.375%, 03/15/13		50,000		52,440
8.875%, 05/01/17		600,000		631,881
Comcast Corp.
5.875%, 02/15/18		170,000		151,577
6.500%, 01/15/15		1,890,000		1,815,988
6.500%, 01/15/17		130,000		122,181
CSC Holdings, Inc.
6.750%, 04/15/12 (c)		350,000		320,687
8.125%, 08/15/09		200,000		198,000
8.500%, 06/15/15		2,375,000		2,205,781
Dex Media West, LLC
8.500%, 08/15/10 (c)		3,240,000		2,859,300
9.875%, 08/15/13 (c)		267,000		165,540
Dex Media, Inc. 0/9.000%, 11/15/13 (d)		295,000		135,700
DirecTV Holdings, LLC 8.375%, 03/15/13		162,000		159,975
EchoStar DBS Corp.
6.625%, 10/01/14		320,000		256,800
7.750%, 05/31/15		4,595,000		3,894,262
Idearc, Inc. 8.000%, 11/15/16		10,300,000		2,806,750
Liberty Media, LLC 7.875%, 07/15/09		2,540,000		2,547,887

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-157

Metropolitan Series Fund, Inc.

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Fixed Income—(Continued)

Security Description	Face Amount		Value
Media—(Continued)
News America, Inc. 6.650%, 11/15/37	$	100,000	$	83,872
R.H. Donnelley Corp.
6.875%, 01/15/13		180,000		70,200
6.875%, 01/15/13 (c)		45,000		17,550
8.875%, 01/15/16 (c)		225,000		76,500
Time Warner Cable, Inc. 5.850%, 05/01/17		2,650,000		2,334,751
Time Warner Entertainment Co., L.P. 8.375%, 07/15/33		510,000		484,835
Time Warner, Inc.
6.875%, 05/01/12		1,270,000		1,259,200
7.625%, 04/15/31		50,000		43,418
7.700%, 05/01/32		120,000		104,849
TL Acquisitions, Inc. (144A) 10.500%, 01/15/15 (c)		4,190,000		3,310,100
				42,492,864
Metals & Mining—2.0%
Alcoa, Inc. 6.000%, 07/15/13		1,840,000		1,805,428
Evraz Group S.A. 8.875%, 04/24/13		160,000		134,400
Evraz Group S.A. (144A) 8.875%, 04/24/13		2,109,000		1,602,840
Freeport-McMoRan Copper & Gold, Inc. 8.375%, 04/01/17		3,315,000		3,265,275
Novelis, Inc. 7.250%, 02/15/15		4,345,000		3,780,150
Ryerson, Inc. (144A) 12.000%, 11/01/15		1,800,000		1,530,000
Steel Dynamics, Inc. 6.750%, 04/01/15		370,000		318,200
7.375%, 11/01/12		180,000		164,700
Steel Dynamics, Inc. (144A) 7.750%, 04/15/16		3,300,000		2,937,000
Vale Overseas, Ltd. 6.875%, 11/21/36		2,750,000		2,447,794
Vedanta Resources, Plc. (144A) 8.750%, 01/15/14		1,210,000		1,079,078
				19,064,865
Multi-Utilities—0.7%
Dynegy Holdings, Inc. 7.125%, 05/15/18		115,000		86,825
7.750%, 06/01/19		4,075,000		3,260,000
Dynegy-Roseton Danskammer 7.670%, 11/08/16		500,000		453,750
Pacific Gas & Electric Co. 5.625%, 11/30/17		1,480,000		1,398,837
5.800%, 03/01/37		430,000		366,786
6.050%, 03/01/34		770,000		679,663
				6,245,861

Security Description	Face Amount		Value
Multiline Retail—0.3%
The Neiman Marcus Group, Inc. 9.000%, 10/15/15	$	3,185,000	$	2,667,438
Office Electronics—0.0%
Xerox Corp. 6.400%, 03/15/16		360,000		335,264
Oil, Gas & Consumable Fuels—3.5%
Anadarko Petroleum Corp. 5.950%, 09/15/16		60,000		55,147
6.450%, 09/15/36		910,000		713,484
Apache Corp. 5.250%, 04/15/13		680,000		660,525
5.625%, 01/15/17 (c)		2,620,000		2,461,873
Belden & Blake Corp. 8.750%, 07/15/12		1,450,000		1,319,500
Chesapeake Energy Corp. 6.250%, 01/15/18		25,000		21,375
6.375%, 06/15/15 (c)		425,000		379,312
6.500%, 08/15/17 (c)		450,000		393,750
6.875%, 01/15/16		2,250,000		2,053,125
6.875%, 11/15/20		2,420,000		2,069,100
ConocoPhillips Holding Co. 6.950%, 04/15/29		1,230,000		1,236,654
El Paso Corp. 7.000%, 06/15/17		2,410,000		2,153,005
7.375%, 12/15/12 (c)		50,000		48,079
7.750%, 01/15/32		179,000		149,815
7.800%, 08/01/31		45,000		37,913
7.875%, 06/15/12 (c)		575,000		565,883
Exco Resources, Inc. 7.250%, 01/15/11		960,000		907,200
Gaz Capital for Gazprom (144A) 6.510%, 03/07/22		1,130,000		813,600
8.625%, 04/28/34		800,000		728,000
Hess Corp. 6.650%, 08/15/11		2,330,000		2,329,963
7.300%, 08/15/31		960,000		878,624
7.875%, 10/01/29		240,000		234,590
KazMunaiGaz Finance Sub BV (144A) 8.375%, 07/02/13		2,500,000		2,150,000
Kerr-McGee Corp. 6.950%, 07/01/24		500,000		472,647
7.875%, 09/15/31		2,270,000		2,131,959
OPTI Canada, Inc. 7.875%, 12/15/14		430,000		380,550
8.250%, 12/15/14		310,000		277,450
Peabody Energy Corp. 6.875%, 03/15/13		120,000		115,800
Pemex Project Funding Master Trust 6.625%, 06/15/35		260,000		238,105
6.625%, 06/15/35 (c)		150,000		137,369
Pride International, Inc. 7.375%, 07/15/14		700,000		668,500
Quicksilver Resources, Inc. 7.125%, 04/01/16		250,000		203,750

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-158

Metropolitan Series Fund, Inc.

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Fixed Income—(Continued)

Security Description	Face Amount		Value
Oil, Gas & Consumable Fuels—(Continued)
SandRidge Energy, Inc. (144A) 8.625%, 04/01/15	$	2,000,000	$	1,790,000
Valero Energy Corp. 4.750%, 06/15/13 (c)		50,000		45,795
VeraSun Energy Corp. 9.875%, 12/15/12 (c)		800,000		576,000
Whiting Peteroleum Corp. 7.000%, 02/01/14		205,000		174,250
7.250%, 05/01/12 (c)		300,000		278,250
XTO Energy, Inc. 5.650%, 04/01/16		2,190,000		2,046,329
6.250%, 08/01/17		20,000		18,872
6.500%, 12/15/18		280,000		259,718
6.750%, 08/01/37		200,000		177,463
7.500%, 04/15/12		390,000		408,436
				32,761,760
Paper & Forest Products—1.2%
Abitibi-Consolidated Co. of Canada 13.750%, 04/01/11 (a)		1,580,000		1,572,100
Appleton Papers, Inc. 9.750%, 06/15/14 (c)		4,280,000		3,284,900
NewPage Corp. 9.051%, 05/01/12 (a)		1,090,000		975,550
10.000%, 05/01/12		5,080,000		4,546,600
Weyerhaeuser Co. 6.750%, 03/15/12		680,000		672,069
				11,051,219
Personal Products—0.2%
Dollar General Corp. 11.875%, 07/15/17		2,115,000		1,956,375
Pharmaceuticals—0.4%
Abbott Laboratories 5.600%, 11/30/17		3,150,000		3,053,305
Wyeth 5.500%, 03/15/13 (a)		50,000		50,528
5.950%, 04/01/37		1,190,000		1,072,991
				4,176,824
Real Estate Investment Trusts—0.4%
Boston Properties, L.P. 6.250%, 01/15/13		65,000		64,431
iStar Financial, Inc. 5.150%, 03/01/12		50,000		25,000
Ventas Realty, L.P. 9.000%, 05/01/12		3,050,000		3,179,625
				3,269,056
Real Estate Management & Development—0.1%
Realogy Corp. 10.500%, 04/15/14 (c)		470,000		206,800
11.000%, 04/15/14 (c)		180,000		68,850

Security Description	Face Amount		Value
Real Estate Management & Development—(Continued)
12.375%, 04/15/15 (c)	$	1,400,000	$	476,000
				751,650
Semiconductors & Semiconductor Equipment—0.0%
Freescale Semiconductor, Inc. 8.875%, 12/15/14		120,000		82,800
Specialty Retail—0.6%
Blockbuster, Inc. 9.000%, 09/01/12 (c)		1,490,000		1,065,350
Michaels Stores, Inc. 11.375%, 11/01/16 (c)		465,000		219,712
Neimen-Marcus Group, Inc. 7.125%, 06/01/28		3,810,000		2,762,250
Suburban Propane Partners, L.P. 6.875%, 12/15/13		1,682,000		1,488,570
The Limited, Inc. 6.950%, 03/01/33		60,000		46,247
				5,582,129
Textiles, Apparel & Luxury Goods—0.0%
Oxford Industries, Inc. 8.875%, 06/01/11		120,000		108,450
Thrifts & Mortgage Finance—0.1%
Countrywide Financial Corp. 2.931%, 01/05/09 (a) (c)		460,000		453,817
Countrywide Home Loans, Inc. 4.000%, 03/22/11 (c)		75,000		64,526
				518,343
Tobacco—0.1%
Reynolds American, Inc. 6.750%, 06/15/17		575,000		537,286
U.S. Treasury—3.3%
U.S. Treasury Bonds 4.750%, 02/15/37 (c)		40,000		42,787
5.375%, 02/15/31 (c)		6,020,000		6,840,694
5.500%, 08/15/28		500,000		569,492
6.125%, 11/15/27 (c)		400,000		486,938
6.375%, 08/15/27 (c)		300,000		373,969
8.875%, 08/15/17 (c)		340,000		465,454
U.S. Treasury Inflation Indexed Bonds (TII) 1.750%, 01/15/28 (c)		3,937,036		3,434,757
2.000%, 01/15/26 (c)		1,562,365		1,426,512
2.375%, 01/15/27 (c)		4,454,897		4,308,371
U.S. Treasury Inflation Indexed Notes (TII) 2.000%, 01/15/16 (c)		4,531,965		4,477,088
2.500%, 07/15/16 (c)		724,310		741,343
2.625%, 07/15/17 (c)		2,026,758		2,087,245
U.S. Treasury Notes 4.500%, 09/30/11 (c)		2,630,000		2,796,224
4.625%, 07/31/12 (c)		1,890,000		2,024,957

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-159

Metropolitan Series Fund, Inc.

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Fixed Income—(Continued)

Security Description	Face Amount		Value
U.S. Treasury—(Continued)
U.S. Treasury Notes
4.750%, 05/31/12 (c)	$	640,000	$	687,750
				30,763,581
Wireless Telecommunication Services—0.3%
America Movil S.A. de C.V. 5.625%, 11/15/17		880,000		824,424
American Tower Corp. 7.500%, 05/01/12 (c)		150,000		147,750
Cingular Wireless Services, Inc. 8.750%, 03/01/31		50,000		55,283
Nextel Communications, Inc. 6.875%, 10/31/13		1,295,000		880,600
7.375%, 08/01/15		800,000		528,000
				2,436,057
Yankee—0.1%
Methanex Corp. 8.750%, 08/15/12		225,000		231,750
Morgan Stanley Bank AG for OAO Gazprom
9.625%, 03/01/13		170,000		165,750
Smurfit Capital Funding, Plc. 7.500%, 11/20/25		275,000		228,250
				625,750
Total Fixed Income (Identified Cost $1,139,135,570)				978,311,267
Term Loans—0.2%
IT Services—0.2%
First Data Corp. 7.960%, 09/24/14 (a)		2,388,000		2,035,770
Total Term Loans (Identified Cost $2,292,480)				2,035,770
Preferred Stock—0.1%
Security Description	Shares		Value
Diversified Financial Services—0.0%
TCR Holdings (Class B) (e) (h)		840		1
TCR Holdings (Class C) (b) (e) (h)		462		0
TCR Holdings (Class D) (e) (h)		1,219		1
TCR Holdings (Class E) (e) (h)		2,521		3
				5
Thrifts & Mortgage Finance—0.1%
Federal Home Loan Mortgage Corp. (c)		117,175		190,995
Federal National Mortgage Association (c)		84,850		184,973
Federal National Mortgage Association (144A)		3,400		8,394
				384,362
Total Preferred Stock (Identified Cost $5,231,805)				384,367

Common Stock—0.0%
Security Description	Shares		Value
Chemicals—0.0%
Applied Extrusion Technologies, Inc. (Class B) (e)		2,424	$	16,968
Household Products—0.0%
Home Interiors & Gifts, Inc. (Restricted Shares) (e) (h)		674,618		1
Total Common Stock (Identified Cost $364,358)				16,969
Warrants—0.0%
Foreign Government—0.0%
Republic of Venezuela (e)		3,750		134,062
Wireless Telecommunication Services—0.0%
Leap Wireless International, Inc. (144A) (b) (e) (h)		125		0
Total Warrants (Identified Cost $40,147)				134,062
Fixed Income-Convertible—0.0%
Security Description	Face Amount		Value
Automobiles—0.0%
Ford Motor Co. 4.250%, 12/15/36	$	170,000		111,987
Total Fixed Income—Convertible (Identified Cost $170,000)				111,987
Short Term Investments—12.2%
Discount Notes—0.8%
Federal Home Loan Mortgage Corp 2.100%, 12/15/08		115,000		114,365
Federal National Mortgage Association 2.000%, 12/26/08		400,000		397,592
2.890%, 12/15/08		6,323,000		6,294,889
				6,806,846
Mutual Funds—10.6%
State Street Navigator Securities Lending Prime Portfolio (i)		98,720,513		98,720,513

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-160

Metropolitan Series Fund, Inc.

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Short Term Investments—(Continued)

Security Description	Face Amount		Value
Repurchase Agreement—0.8%
Merrill Lynch Repurchase Agreement dated 09/30/08 at 0.250% to be repurchased at $7,500,052 on 10/01/08 collateralized by $7,537,000 Federal Home Loan Mortgage Corp. 3.500% due 05/05/11 with a value of $7,650,000.	$	7,500,000	$	7,500,000
Total Short Term Investments (Identified Cost $113,027,359)				113,027,359
Total Investments—117.6% (Identified Cost $1,260,261,719) (j)				1,094,021,781
Liabilities in excess of other assets				(163,473,322	)
Total Net Assets—100%			$	930,548,459

(a) Variable or Floating Rate Security. Rate disclosed is as of September 30, 2008.

(b) Zero Valued Security.

(c) A portion or all of the security was held on loan. As of September 30, 2008, the market value of securities loaned was $94,986,762 and the collateral received consisted of cash in the amount of $98,720,513 and non-cash collateral with a value of $337,745. The cash collateral is invested in a money market fund managed by an affiliate of the custodian. The non-cash collateral received consists primarily of government securities and bank letters of credit, and are held for the benefit of the Portfolio at the Portfolio’s custodian.

(d) Step Bond: Coupon rate is set for an initial period and then increased to a higher coupon rate at a specified date.

(e) Non-Income Producing.

(f) Interest Only Certificate. This security receives monthly interest payments but is not entitled to principal payments.

(g) Non-Income Producing; Defaulted Bond.

(h) Security was valued in good faith under procedures established by the Board of Directors.

(i) Represents investment of cash collateral received from securities lending transactions.

(j) The aggregate cost of investments for federal income tax purposes as of September 30, 2008 was $1,260,261,719 and the composition of unrealized appreciation and depreciation of investment securities was $3,873,955 and $(170,113,893), respectively.

(144A)— Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of September 30, 2008, the market value of 144A securities was $97,667,704, which is 10.5% of total net assets.

(TBA)— A contract for the purchase or sale of a Mortgage Backed Security to be delivered at a future date but does not include a specified pool or precise amount to be delivered.

(TII)— A Treasury Inflation Index is a security with a fixed interest rate and the principal is adjusted for inflation. At maturity, the security will be redeemed at the greater of the inflation adjusted principal or par amount at original issue.

Futures Contracts
Futures Contracts-Long	Expiration Date	Number of Contracts	Contract Amount		Valuation as of 9/30/2008		Unrealized Appreciation/ Depreciation
Euribor Futures	12/15/2008	114	$	38,585,248	$	38,120,950	$	(464,297	)
Euribor Futures	12/15/2008	1,057		546,954		1,525,517		978,562
Euribor Futures	12/15/2008	226		75,921,118		75,569,134		(351,984	)
Euribor Futures	3/16/2009	189		63,454,669		63,589,725		135,056
Eurodollar Futures	12/15/2008	131		31,814,043		31,618,488		(195,555	)
Eurodollar Futures	3/16/2009	893		215,716,161		216,630,638		914,477
Eurodollar Futures	6/15/2009	10		2,402,700		2,424,000		21,300
Eurodollar Futures	9/14/2009	10		2,399,325		2,421,875		22,550
90 Day LIBOR Futures	12/19/2008	276		58,564,052		57,813,337		(750,715	)
90 Day LIBOR Futures	3/19/2009	457		95,841,325		96,601,747		760,423
U.S. Treasury Bond Futures	12/19/2008	348		40,808,990		40,775,813		(33,178	)
U.S. Treasury Notes 2 Year Futures	12/31/2008	353		74,865,203		75,343,438		478,235
U.S. Treasury Notes 5 Year Futures	12/31/2008	945		105,700,697		106,061,484		360,787
U.S. Treasury Notes 10 Year Futures	12/19/2008	264		30,555,523		30,261,000		(294,523	)
Net Unrealized Appreciation							$	1,581,137

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-161

Metropolitan Series Fund, Inc.

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Options Written
Options Written-Calls	Expiration Date	Number of Contracts		Premiums Received			Valuation as of 9/30/2008			Unrealized Appreciation/ Depreciation
Eurodollar Futures 97.625 Call	9/14/2009	(10	)	$	(7,700	)	$	(6,438	)	$	1,262
U.S. Treasury Notes 10 Year Futures 117 Call	11/21/2008	(313	)		(244,513	)		(337,453	)		(92,940	)
U.S. Treasury Bonds 10 Year Futures 118 Call	11/21/2008	(134	)		(74,705	)		(108,875	)		(34,170	)
Options Written-Puts
Eurodollar Futures 96.75 Put	3/16/2009	(339	)		(228,500	)		(235,775	)		(7,275	)
U.S. Treasury Notes 10 Year Futures 111 Put	11/21/2008	(168	)		(99,238	)		(118,125	)		(18,887	)
U.S. Treasury Notes 10 Year Futures 112 Put	11/21/2008	(134	)		(74,705	)		(127,719	)		(53,014	)
Net Unrealized Depreciation										$	(205,024	)

The Portfolio adopted the provisions of Statement of Financial Accounting Standards No. 157, “Fair Value Measurements” (FAS 157), effective with the beginning of the Portfolio’s fiscal year. FAS 157 establishes a framework for measuring fair value and expands disclosures about fair value measurements in financial statements. Management has evaluated the application of FAS 157 to the Portfolio, and has determined that the adoption of FAS 157 does not have a material impact on the Portfolio’s financial statements. The three levels of the hierarchy under FAS 157 are described below:

Level 1—quoted prices in active markets for identical securities

Level 2—other significant observable inputs (including quoted prices for similar securities, interest rates, credit risk, etc.)

Level 3—significant unobservable inputs (including the Adviser and Subadvisor’s own assumptions in determining the fair value of investments)

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

The following is a summary of the inputs used to value the Portfolio’s net assets as of September 30, 2008:

Valuation Inputs	Investments In Securities		Other Financial Instruments*
Level 1—Quoted Prices	$	139,189,939	$	1,376,113
Level 2—Other Significant Observable Inputs		954,814,615		0
Level 3—Significant Unobservable Inputs		17,227		0
Total	$	1,094,021,781	$	1,376,113

* Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures, forwards, swap contracts and written options, which are valued based on the unrealized appreciation/depreciation on the instrument.

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-162

Metropolitan Series Fund, Inc.

Western Asset Management U.S. Government Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Fixed Income—106.5% of Total Net Assets

Security Description	Face Amount		Value
Asset Backed—5.1%
AAMES Mortgage Investment Trust (144A) 3.357%, 08/25/35 (a)	$	148,903	$	144,761
ACE Securities Corp. 3.337%, 02/25/31 (a)		4,412,844		3,659,542
Bayview Financial Aquisition Trust 2.860%, 08/28/44 (a)		56,355		48,932
Bayview Financial Asset Trust (144A) 3.807%, 12/25/39 (a)		779,314		621,947
Bear Stearns Asset Backed Securities Trust 3.317%, 10/25/36 (a)		1,790,629		1,709,181
3.557%, 09/25/34		3,669,833		3,422,967
Bravo Mortgage Asset Trust (144A) 3.337%, 07/25/36 (a)		225,036		218,337
Capital One Multi-Asset Execution Trust 2.578%, 01/17/12 (a)		500,000		498,280
Carrington Mortgage Loan Trust 3.367%, 10/25/36 (a)		1,200,000		851,987
Compucredit Aquired Portfolio Voltage Master Trust (144A)
2.658%, 09/15/18 (a)		4,366,058		3,839,729
Countrywide Home Equity Loan Trust
2.628%, 12/25/31 (a)		5,328,617		3,165,088
2.768%, 02/15/34 (a)		676,823		458,414
2.778%, 02/15/34 (a)		452,940		329,914
2.858%, 12/15/28 (a)		511,628		376,553
3.038%, 08/15/37 (a)		820,390		574,347
EMC Mortgage Loan Trust (144A) 3.657%, 12/25/42 (a)		208,167		172,719
Fremont Home Loan Trust 3.307%, 08/25/36 (a)		1,029,593		959,259
GMAC Mortgage Corp. Loan Trust
3.277%, 07/25/36 (a)		1,829,009		1,152,156
3.417%, 11/25/36 (a)		9,563,954		3,925,403
GSAMP Trust 3.297%, 07/05/36 (a)		1,996,610		876,239
GSMPS Mortgage Loan Trust 5.921%, 06/25/34		16,764,940		14,297,714
GSR Mortgage Loan Trust
3.477%, 11/25/30 (a)		2,000,000		347,671
5.598%, 04/25/35		2,063,010		1,774,230
Indymac Seconds Asset Backed Trust 3.337%, 06/25/36 (a)		5,731,575		1,611,162
Lehman XS Trust
2.592%, 06/25/37 (a)		5,047,181		4,143,329
2.601%, 06/25/37 (a)		898,079		775,390
2.689%, 02/25/37 (a)		3,842,122		3,497,853
Morgan Stanley Mortgage Loan Trust 3.297%, 09/25/46 (a)		705,803		617,761
Natixis Real Estate Capital Trust 3.337%, 07/25/37 (a)		773,454		693,049
Nelnet Student Loan Trust 4.280%, 04/25/24 (a)		2,490,000		2,405,763
Option One Mortgage Loan Trust 3.497%, 06/25/33 (a)		241,930		197,938
RAAC Series 3.477%, 05/25/36		4,593,373		3,725,618

Security Description	Face Amount		Value
Asset Backed—(Continued)
SACO I Trust
3.337%, 06/25/36 (a)	$	4,702,573	$	1,032,793
3.357%, 04/25/36 (a)		1,650,250		398,747
3.457%, 07/25/35 (a)		98,042		93,613
3.467%, 06/25/36 (a)		70,202		42,577
SACO I, Inc. 8.964%, 06/25/21 (a)		4,372,081		4,515,267
SLM Student Loan Trust
2.790%, 07/25/17 (a)		4,585,252		4,567,810
2.810%, 10/25/17 (a)		687,680		685,611
Soundview Home Equity Loan Trust 5.645%, 10/25/36 (a)		4,180,000		3,996,169
Structured Asset Securities Corp. (144A) 3.317%, 02/25/36 (a)		5,351,494		736,730
				77,162,550
Commercial Mortgage-Backed Securities—13.6%
American Home Mortgage Assets 3.397%, 11/25/36 (a)		4,595,806		2,789,878
Banc of America Funding Corp.
4.541%, 06/20/35 (a)		695,548		373,024
5.791%, 10/25/36 (a)		659,296		639,893
Banc of America Mortgage Securities 5.005%, 07/25/35 (a)		486,081		443,065
Bear Stearns Alt-A Trust 6.131%, 05/25/36 (a)		3,263,325		2,027,074
Bear Stearns Mortgage Funding Trust 3.367%, 12/25/36 (a)		1,798,976		1,105,586
Bear Stearns Structured Products, Inc. (144A) 3.807%, 09/27/37 (a)		12,795,046		12,763,826
Citigroup Mortgage Loan Trust, Inc. 4.700%, 12/25/35 (a)		887,180		824,246
Countrywide Alternative Loan Trust
3.388%, 07/25/36 (a)		15,921,718		9,615,588
3.397%, 09/25/46 (a)		830,439		400,370
3.418%, 07/20/35 (a)		2,455,288		1,630,281
3.497%, 05/25/34		8,747,736		6,348,035
4.307%, 02/25/36 (a)		3,248,840		2,299,237
Credit Suisse Mortgage Capital Certificates 5.311%, 12/15/39		10,200,000		8,841,403
CS First Boston Mortgage Securities Corp.
4.889%, 11/15/37 (a)		4,280,000		3,401,753
5.100%, 08/15/38 (a)		7,550,000		6,987,451
Deutsche Mortgage Securities, Inc. (144A) 5.094%, 06/26/35 (a)		4,670,000		3,987,093
First Horizon Alternative Mortgage Securities 3.577%, 02/25/37 (a)		742,078		428,270
GE Capital Commercial Mortgage Corp. 5.512%, 11/10/45 (a)		3,000,000		2,867,209
GMAC Mortgage Corp. Loan Trust 5.353%, 11/19/35 (a)		2,053,938		1,705,275
Greenpoint Mortgage Funding Trust 3.287%, 03/25/37 (a)		964,956		579,747
Harborview Mortgage Trust
3.180%, 03/19/38 (a)		949,921		577,402

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-163

Metropolitan Series Fund, Inc.

Western Asset Management U.S. Government Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Fixed Income—(Continued)

Security Description	Face Amount		Value
Commercial Mortgage-Backed Securities—(Continued)
Harborview Mortgage Trust
3.210%, 11/19/46 (a)	$	338,237	$	215,567
3.230%, 10/19/37 (a)		801,170		485,188
Impac Secured Assets CMN Owner Trust 3.527%, 03/25/36 (a)		5,213,601		3,846,330
JPMorgan Chase Commercial Mortgage Securities Corp.
4.951%, 01/12/37 (a)		4,950,000		3,963,175
4.999%, 10/15/42 (a)		3,100,000		2,595,112
5.420%, 01/15/49		1,280,000		1,063,581
5.429%, 12/12/43		10,990,000		9,545,739
LB-UBS Commercial Mortgage Trust
4.858%, 12/15/39 (a)		5,500,000		4,383,725
5.661%, 03/15/39 (a)		3,480,000		3,135,215
Luminent Mortgage Trust 3.397%, 05/25/46 (a)		6,281,556		3,880,705
MASTR Adjustable Rate Mortgage Trust
3.272%, 12/25/46 (a)		11,147,025		5,955,075
3.407%, 05/25/47 (a)		12,406,854		7,542,161
4.333%, 02/25/34 (a)		606,533		487,353
6.555%, 12/25/34 (a)		46,812		42,298
MASTR Reperforming Loan Trust
3.557%, 05/25/35		760,321		598,144
5.745%, 05/25/35		8,894,754		7,480,310
MASTR Reperforming Loan Trust (144A) 5.893%, 05/25/36 (a)		7,212,900		6,634,353
Merrill Lynch Mortgage Investors, Inc. 3.477%, 04/25/35 (a)		142,093		90,474
Merrill Lynch Mortgage Trust 5.841%, 05/12/39 (a)		5,635,000		5,084,484
Morgan Stanley Mortgage Loan Trust
3.277%, 06/25/36 (a)		3,592,008		3,163,259
3.327%, 10/25/36 (a)		2,756,348		2,642,932
3.357%, 03/25/36 (a)		3,494,115		1,092,171
5.363%, 10/25/34 (a)		410,161		380,187
5.378%, 07/25/35 (a)		725,421		568,879
5.495%, 06/26/36 (a)		5,539,920		5,096,062
Novastar Mortgage-Backed Notes 3.397%, 06/25/36 (a)		6,003,930		3,614,217
Ownit Mortgage Loan Asset Backed Certificates
5.290%, 12/25/36 (a)		3,400,000		3,013,433
Provident Funding Mortgage Loan Trust
4.643%, 10/25/35 (a)		514,216		494,929
5.735%, 05/25/35 (a)		3,872,035		3,638,699
Residential Accredit Loans, Inc.
3.297%, 10/25/46 (a)		7,101,790		6,174,116
3.367%, 01/25/37 (a)		1,057,535		627,320
5.819%, 12/25/35		5,443,229		4,404,067
Residential Funding Mortgage Securities I, Inc.
4.750%, 12/25/18		3,671,167		3,461,224
Structured Adjustable Rate Mortgage Loan Trust
5.365%, 05/25/35		9,602,071		7,482,358
Structured Asset Mortgage Investment, Inc. 3.387%, 09/25/37		5,149,758		3,093,073
3.387%, 07/25/46 (a)		738,958		446,966
3.417%, 08/25/36 (a)		907,947		532,299

Security Description	Face Amount		Value
Commercial Mortgage-Backed Securities—(Continued)
Thornburg Mortgage Securities Trust
2.602%, 06/25/37 (a)	$	8,983,791	$	8,607,191
3.312%, 05/25/46 (a)		824,978		789,407
3.317%, 06/25/36 (a)		5,028,721		4,978,703
3.377%, 01/25/36 (a)		193,996		192,657
6.214%, 09/25/37 (a)		358,077		300,267
6.217%, 09/25/37 (a)		382,093		326,608
WaMu Mortgage Pass-Through Certificates
3.467%, 11/25/45 (a)		172,830		109,306
3.477%, 12/25/45 (a)		4,839,173		3,117,270
3.497%, 12/25/45 (a)		383,936		269,265
3.527%, 08/25/45 (a)		431,961		280,991
Zuni Mortgage Loan Trust 3.337%, 08/25/36 (a)		772,764		744,791
				207,307,342
Federal Agencies—76.0%
Federal Home Loan Bank 4.102%, 01/01/35 (a)		89,126		89,904
4.138%, 01/01/35 (a)		150,725		151,529
5.000%, 08/01/33		234,252		228,917
5.000%, 12/01/34		338,604		330,575
5.000%, 05/01/36		2,402,877		2,344,398
5.250%, 12/11/20		12,000,000		12,297,084
5.500%, 10/01/35		7,407,126		7,378,298
5.500%, 07/01/37		3,746,597		3,729,674
5.500%, 12/01/37		132,944,332		132,351,129
5.553%, 11/01/37 (a)		1,430,264		1,450,109
5.822%, 11/01/37 (a)		1,226,220		1,248,242
6.000%, 12/01/31		85,015		86,566
6.000%, 10/01/37		6,785,918		6,875,818
6.000%, 12/01/37		67,230,328		68,121,002
6.443%, 10/01/36 (a)		808,138		835,484
6.500%, 09/01/31		138,927		143,695
Federal Home Loan Mortgage Corp. 4.000%, 05/01/19		137,164		131,247
4.500%, 04/15/32		304,579		261,497
4.500%, 04/01/33		1,863,913		1,770,788
4.500%, 04/01/35		1,518,411		1,438,752
5.000%, 12/01/18		1,384,072		1,387,863
5.000%, 08/01/19		2,013,257		2,010,074
5.000%, 10/01/35		8,289,264		8,087,527
5.500%, 07/01/35		2,183,621		2,175,122
5.675%, 01/01/37 (a)		1,107,054		1,123,527
5.779%, 02/01/37 (a)		141,434		143,767
5.862%, 01/01/37 (a)		2,241,562		2,287,136
5.907%, 05/01/37 (a)		321,735		327,771
5.938%, 05/01/37 (a)		381,347		389,152
6.000%, 10/01/10		120		122
6.000%, 10/01/28		70,761		72,230
6.000%, 11/01/28		82,160		83,864
6.000%, TBA		1,000,000		1,012,188
6.500%, 08/01/13		12,306		12,670
6.500%, 03/01/26		2,027		2,101
6.500%, 07/01/26		40,725		42,211

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-164

Metropolitan Series Fund, Inc.

Western Asset Management U.S. Government Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Fixed Income—(Continued)

Security Description	Face Amount		Value
Federal Agencies—(Continued)
Federal Home Loan Mortgage Corp.
7.000%, 07/01/11	$	3,764	$	3,938
7.500%, 05/01/32		222,529		240,304
8.000%, 12/01/19		10,175		10,849
8.000%, 07/01/20		26,119		28,034
8.000%, 09/01/30		18,331		19,882
8.500%, 06/15/21		144,630		152,495
9.000%, 10/01/17		3,658		3,697
Federal National Mortgage Association
4.000%, 08/01/19		94,553		90,474
4.000%, 08/01/20		1,068,054		1,017,970
4.000%, 05/01/33		746,163		691,976
4.223%, 12/01/34 (a)		231,754		232,844
4.346%, 11/01/34 (a)		146,128		146,333
4.500%, 05/01/19		1,055,862		1,037,035
4.500%, 09/01/19		2,550,483		2,505,006
4.500%, 03/01/20		455,990		446,434
4.500%, 04/01/20		17,702		17,331
4.500%, 08/01/35		158,157		149,838
4.500%, 10/01/35		342,749		324,722
4.750%, 11/19/12 (b)		25,450,000		26,318,609
5.000%, 10/01/17		2,379,456		2,390,259
5.000%, 12/01/17		12,482,735		12,539,412
5.000%, 02/01/18		2,667,607		2,678,300
5.000%, 03/01/18		2,193,649		2,203,468
5.000%, 04/01/18		3,251,897		3,262,598
5.000%, 05/01/18		1,008,054		1,011,371
5.000%, 06/01/18		3,032,429		3,042,406
5.000%, 11/01/18		3,381,835		3,392,962
5.000%, 10/01/20		1,883,421		1,877,846
5.000%, 11/01/33		9,547,783		9,333,319
5.000%, 07/01/34		11,553,680		11,283,329
5.000%, 08/01/34		1,032,411		1,008,253
5.000%, 03/01/35		761,925		744,097
5.000%, 06/01/35		10,629,365		10,380,642
5.000%, 08/01/35		7,679,905		7,495,165
5.000%, 09/01/35		3,138,201		3,062,807
5.000%, 10/01/35		10,605,289		10,350,501
5.000%, 12/01/35		554,710		541,383
5.000%, 11/01/36		2,551,659		2,490,356
5.000%, 06/01/38		62,720		61,155
5.000%, 07/01/38		7,736,505		7,543,385
5.000%, TBA		311,600,000		303,274,422
5.500%, 08/01/22		665,023		671,019
5.500%, 12/01/22		48,109		48,543
5.500%, 09/01/24		3,052,323		3,065,452
5.500%, 02/01/35		13,078,431		13,088,835
5.500%, 04/01/35		3,087,120		3,082,822
5.500%, 09/01/35		9,802,056		9,788,411
5.500%, 12/01/35		835,997		834,833
5.500%, 02/01/36 (a)		15,851,958		16,102,775
5.500%, 11/01/36		22,862,908		22,820,365
5.500%, 08/01/37		14,514,044		14,479,458
5.500%, 04/01/38		300,000		299,394
5.500%, 05/01/38		1,999,998		1,995,964
5.500%, TBA		81,810,000		82,183,394
5.554%, 05/01/36 (a)		14,391,579		14,589,533

Security Description	Face Amount		Value
Federal Agencies—(Continued)
5.740%, 08/01/37 (a)	$	12,141,936	$	12,158,669
5.821%, 01/25/43 (a)		809,647		800,629
6.000%, 06/01/32		215,912		219,852
6.000%, 01/01/33		833,079		848,281
6.000%, 04/01/35		7,027,890		7,147,495
6.000%, 10/01/36		12,305,461		12,478,099
6.000%, 11/01/36		11,131,884		11,288,057
6.000%, 09/01/37		173,037		175,455
6.000%, 10/01/37		25,504,506		25,860,883
6.000%, 11/01/37		63,157,737		64,040,247
6.000%, TBA		1,800,000		1,830,938
6.162%, 02/17/09 (a) (b)		3,000,000		3,000,000
6.335%, 07/01/37 (a)		15,808,468		15,872,210
6.500%, 12/01/10		1,337		1,387
6.500%, 04/01/13		37,906		39,256
6.500%, 07/01/13		22,431		23,290
6.500%, 06/01/17		346,868		360,538
6.500%, 03/01/26		3,767		3,905
6.500%, 12/01/27		20,692		21,427
6.500%, 04/01/29		234,947		243,386
6.500%, 05/01/32		425,315		436,126
6.500%, 07/01/32		2,698,391		2,798,091
6.500%, 09/01/34		355,665		366,156
6.500%, 11/01/36		563,691		578,645
6.500%, 09/01/37		835,095		857,202
6.500%, 10/01/37		58,201		59,741
6.500%, TBA		62,800,000		64,389,594
6.515%, 07/01/37 (a)		751,475		755,816
7.000%, 12/01/14		22,978		24,239
7.000%, 07/01/15		4,035		4,254
7.000%, 11/01/23		5,243		5,522
7.000%, 02/01/28		17,289		18,278
7.000%, 10/01/28		128,413		135,897
7.000%, 11/01/28		7,867		8,320
7.000%, 02/01/29		31,633		33,394
7.000%, 01/01/30		13,026		13,698
7.000%, 11/01/31		88,495		93,020
7.000%, 01/01/34		597,938		627,957
7.500%, 02/01/16		80,185		84,109
7.500%, 11/01/29		61,855		66,937
7.500%, 11/01/30		20,168		21,786
7.500%, 01/01/31		11,056		11,943
7.500%, 04/01/32		42,577		45,855
7.500%, 05/01/32		28,099		30,263
8.000%, 05/01/28		10,579		11,521
8.000%, 08/01/30		3,219		3,487
8.000%, 10/01/30		11,418		12,369
8.000%, 02/01/31		289,037		314,746
8.000%, 07/01/32		1,370		1,482
11.500%, 09/01/19		555		622
12.000%, 10/01/15		33,443		38,035
12.000%, 01/15/16		1,536		1,756
12.500%, 09/20/15		2,293		2,613
12.500%, 01/15/16		16,114		18,435
Government National Mortgage Association 5.500%, 09/15/34		2,071,702		2,078,587

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-165

Metropolitan Series Fund, Inc.

Western Asset Management U.S. Government Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Fixed Income—(Continued)

Security Description	Face Amount		Value
Federal Agencies—(Continued)
Government National Mortgage Association
5.500%, 06/15/35	$	649,521	$	651,374
5.500%, 12/15/35		4,594,968		4,608,082
6.000%, 03/15/33		4,421,104		4,501,420
6.000%, 10/15/36		621,007		630,750
6.000%, 02/15/37		141,697		143,944
6.000%, 11/15/37		189,297		192,232
6.000%, TBA		38,500,000		39,024,445
6.500%, 06/15/31		30,147		31,032
6.500%, 08/15/34		654,189		671,743
7.000%, 09/15/31		37,647		39,642
7.500%, 01/15/29		14,066		15,168
7.500%, 09/15/29		13,788		14,869
7.500%, 02/15/30		19,186		20,525
7.500%, 04/15/30		30,292		32,646
7.500%, 05/15/30		13,240		14,269
7.500%, 09/15/30		26,931		29,024
8.500%, 05/15/18		21,589		23,776
8.500%, 06/15/25		115,751		128,018
9.000%, 12/15/08		118		119
9.000%, 01/15/09		603		619
9.000%, 02/15/09		65		67
9.000%, 03/15/09		388		399
9.000%, 04/15/09		1,969		2,014
9.000%, 05/15/09		726		745
9.000%, 09/15/09		1,903		1,954
9.000%, 12/15/16		10,641		11,632
				1,158,033,046
Government Agency—1.2%
Financing Corp. (FICO) Strips Zero Coupon, 06/27/11		13,949,000		13,001,933
National Archives Facility Trust 8.500%, 09/01/19		4,742,894		5,704,373
				18,706,306
U.S. Treasury—10.6%
U.S. Treasury Bond Strips Zero Coupon, 11/15/09		7,500,000		7,352,970
U.S. Treasury Bonds 7.125%, 02/15/23 (b)		25,770,000		33,255,386
U.S. Treasury Inflation Indexed Bonds (TII) 2.000%, 01/15/26 (b)		14,770,440		13,486,106
2.375%, 01/15/27 (b)		10,436,264		10,093,005
U.S. Treasury Inflation Indexed Notes (TII) 0.875%, 04/15/10		21,662,207		21,279,740
U.S. Treasury Notes 2.875%, 06/30/10 (b)		31,630,000		32,151,389
4.000%, 08/31/09 (b)		14,790,000		15,068,466
4.000%, 08/15/18		20,000		20,284
4.625%, 07/31/12 (b)		26,220,000		28,092,265
				160,799,611
Total Fixed Income (Identified Cost $1,685,834,167)				1,622,008,855

Preferred Stock—0.0%
Security Description	Shares		Value
Thrifts & Mortgage Finance—0.0%
Federal Home Loan Mortgage Corp. (b)		150,025	$	244,541
Federal National Mortgage Association (b)		108,775		237,129
Total Preferred Stock (Identified Cost $6,470,000)				481,670
Short Term Investments—38.5%
Security Description	Face Amount/Shares		Value
Discount Notes—14.2%
Federal Home Loan Bank 2.920%, 01/02/09 (b)	$	45,500,000		45,173,234
3.030%, 01/20/09		56,100,000		55,728,104
3.050%, 01/23/09		56,100,000		55,689,629
Federal National Mortgage Association 2.890%, 12/15/08		3,852,000		3,835,927
2.550%, 01/20/09		56,100,000		55,698,698
				216,125,592
Mutual Funds—16.4%
State Street Navigator Securities Lending Prime Portfolio (c)		250,079,030		250,079,030
Repurchase Agreement—7.9%
Deutsche Bank Repurchase Agreement dated 09/30/08 at 1.500% to be repurchased at $120,005,000 on 10/01/08, collateralized by $117,825,000 Federal Home Loan Bank 5.000% due 12/11/09 with a value of $122,400,027.		120,000,000		120,000,000
Total Short Term Investments (Identified Cost $586,204,622)				586,204,622
Total Investments—145.0% (Identified Cost $2,278,508,789) (d)				2,208,695,147
Liabilities in excess of other assets				(685,026,615	)
Total Net Assets—100%			$	1,523,668,532

(a) Variable or Floating Rate Security. Rate disclosed is as of September 30, 2008.

(b) A portion or all of the security was held on loan. As of September 30, 2008, the market value of securities loaned was $242,906,036 and the collateral received consisted of cash in the amount of $250,079,030. The cash collateral is invested in a money market fund managed by an affiliate of the custodian.

(c) Represents investment of cash collateral received from securities lending transactions.

(d) The aggregate cost of investments for federal income tax purposes as of September 30, 2008 was $2,278,508,789 and the composition of unrealized appreciation and depreciation of investment securities was $9,600,401 and $(79,414,043), respectively.

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-166

Metropolitan Series Fund, Inc.

Western Asset Management U.S. Government Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

(144A)— Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of September 30, 2008, the market value of 144A securities was $29,119,495, which is 1.9% of total net assets.

(TBA)— A contract for the purchase or sale of a Mortgage Backed Security to be delivered at a future date but does not include a specified pool or precise amount to be delivered.

(TII)— A Treasury Inflation Index is a security with a fixed interest rate and the principal is adjusted for inflation. At maturity, the security will be redeemed at the greater of the inflation adjusted principal or par amount at original issue.

Futures Contracts
Futures Contracts-Long	Expiration Date	Number of Contracts		Contract Amount			Valuation as of 9/30/2008			Unrealized Appreciation/ Depreciation
Eurodollar Futures	12/15/2008	824		$	199,834,420		$	198,882,700		$	(951,720	)
Eurodollar Futures	3/16/2009	796			192,796,540			193,099,650			303,110
Eurodollar Futures	9/14/2009	842			203,455,660			203,921,875			466,215
U.S. Treasury Notes 10 Year Futures	12/19/2008	413			47,548,484			47,340,125			(208,359	)
Futures Contracts-Short
U.S. Treasury Notes 5 Year Futures	12/31/2008	(2,132	)		(238,235,434	)		(239,283,688	)		(1,048,254	)
U.S. Treasury Bond Futures	12/19/2008	(366	)		(42,859,483	)		(42,884,906	)		(25,423	)
Net Unrealized Depreciation										$	(1,464,431	)
Written Options
Written Options-Calls	Expiration Date	Number of Contracts		Premiums Received			Valuation as of 9/30/2008			Unrealized Appreciation/ Depreciation
Eurodollar Futures 97.625 Call	9/14/2009	(842	)	$	(650,540	)	$	(542,038	)	$	108,503
U.S. Treasury Notes 10 Year Futures 119 Call	11/21/2008	(189	)		(117,275	)		(117,275	)		0
Written Options-Puts
U.S. Treasury Notes 10 Year Futures 113 Put	11/21/2008	(189	)		(214,728	)		(214,728	)		0
Net Unrealized Appreciation										$	108,503

The Portfolio adopted the provisions of Statement of Financial Accounting Standards No. 157, “Fair Value Measurements” (FAS 157), effective with the beginning of the Portfolio’s fiscal year. FAS 157 establishes a framework for measuring fair value and expands disclosures about fair value measurements in financial statements. Management has evaluated the application of FAS 157 to the Portfolio, and has determined that the adoption of FAS 157 does not have a material impact on the Portfolio’s financial statements. The three levels of the hierarchy under FAS 157 are described below:

Level 1—quoted prices in active markets for identical securities

Level 2—other significant observable inputs (including quoted prices for similar securities, interest rates, credit risk, etc.)

Level 3—significant unobservable inputs (including the Adviser and Subadvisor’s own assumptions in determining the fair value of investments)

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

The following is a summary of the inputs used to value the Portfolio’s net assets as of September 30, 2008:

Valuation Inputs	Investments In Securities		Other Financial Instruments*
Level 1—Quoted Prices	$	445,623,034	$	(1,355,929	)
Level 2—Other Significant Observable Inputs		1,763,072,113		0
Level 3—Significant Unobservable Inputs		0		0
Total	$	2,208,695,147	$	(1,355,929	)

* Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures, forwards, swap contracts and written options, which are valued based on the unrealized appreciation/depreciation on the instrument.

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-167

Metropolitan Series Fund, Inc.

Zenith Equity Portfolio

Schedule of Investments as of September 30, 2008 (Unaudited)

Mutual Funds—100.0%

Security Description	Shares	Value
Affiliated Investment Companies—100.0%
Metropolitan Series Fund, Inc.—Capital Guardian U.S. Equity Portfolio, (Class A)	23,874,899	$	199,355,409
Metropolitan Series Fund, Inc.—FI Value Leaders Portfolio, (Class A)	1,507,698		206,554,685
Metropolitan Series Fund, Inc.—Jennison Growth Portfolio, (Class A)	20,268,448		200,252,270
Total Mutual Funds (Identified Cost $700,948,391)			606,162,364
Total Investments—100.0% (Identified Cost $700,948,391) (a)			606,162,364
Liabilities in excess of other assets			(61,411	)
Total Net Assets—100%		$	606,100,953

(a) The aggregate cost of investments for federal income tax purposes as of September 30, 2008 was $700,948,391 and the unrealized depreciation of investment securities was $(94,786,027).

The Portfolio adopted the provisions of Statement of Financial Accounting Standards No. 157, “Fair Value Measurements” (FAS 157), effective with the beginning of the Portfolio’s fiscal year. FAS 157 establishes a framework for measuring fair value and expands disclosures about fair value measurements in financial statements. Management has evaluated the application of FAS 157 to the Portfolio, and has determined that the adoption of FAS 157 does not have a material impact on the Portfolio’s financial statements. The three levels of the hierarchy under FAS 157 are described below:

Level 1—quoted prices in active markets for identical securities

Level 2—other significant observable inputs (including quoted prices for similar securities, interest rates, credit risk, etc.)

Level 3—significant unobservable inputs (including the Adviser and Subadvisor's own assumptions in determining the fair value of investments)

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

The following is a summary of the inputs used to value the Portfolio’s net assets as of September 30, 2008:

Valuation Inputs	Investments In Securities		Other Financial Instruments*
Level 1—Quoted Prices	$	606,162,364	$	0
Level 2—Other Significant Observable Inputs		0		0
Level 3—Significant Unobservable Inputs		0		0
Total	$	606,162,364	$	0

* Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures, forwards, swap contracts and written options, which are valued based on the unrealized appreciation/depreciation on the instrument.

For information regarding the Fund’s valuation of investments and other significant accounting policies, please refer to the Fund’s most recent Semiannual or Annual Report.

MSF-168

Item 2. Controls and Procedures.

(a) The Principal Executive Officer and Principal Financial Officer of the registrant have concluded, based on their evaluation of the effectiveness of the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940 (the “Act”)) as of a date within 90 days of the filing date of this report on Form N-Q, that the design and operation of such procedures provide reasonable assurance that information required to be disclosed by the registrant in this report on Form N-Q is recorded, processed, summarized, and reported within the time periods specified in the Securities and Exchange Commission’s rules and forms.

(b) There has been no change in the registrant’s internal controls over financial reporting (as defined in Rule 30a-3(d) under the Act) that occurred during the registrant’s last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.

Item 3. Exhibits.

See attached Exhibits 3(a) and 3(b) as required by Rule 30a-2(a) under the Act.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

METROPOLITAN SERIES FUND, INC.
By:	/s/    Elizabeth M. Forget
Name:	Elizabeth M. Forget
Title:	President
Date:	November 20, 2008

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By:	/s/    Elizabeth M. Forget
Name:	Elizabeth M. Forget
Title:	President
Date:	November 20, 2008
By:	/s/    Peter H. Duffy
Name:	Peter H. Duffy
Title:	Treasurer
Date:	November 20, 2008

EXHIBIT LIST

Exhibit 3(a):	Certification of the Principal Executive Officer required by Rule 30a-2(a) under the Act.
Exhibit 3(b):	Certification of the Principal Financial Officer required by Rule 30a-2(a) under the Act.