-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, MUQxPvNY0Zofh//s6mhtvN7NiWuC3YSkmr9YwJaegk9fZQapdudfXtFTrCU7KlEQ pJh+SZG1r1X6pun/D1jCnQ== 0001193125-09-241936.txt : 20091125 0001193125-09-241936.hdr.sgml : 20091125 20091125094434 ACCESSION NUMBER: 0001193125-09-241936 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20090930 FILED AS OF DATE: 20091125 DATE AS OF CHANGE: 20091125 EFFECTIVENESS DATE: 20091125 FILER: COMPANY DATA: COMPANY CONFORMED NAME: METROPOLITAN SERIES FUND INC CENTRAL INDEX KEY: 0000710826 IRS NUMBER: 833164113 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: N-Q SEC ACT: 1940 Act SEC FILE NUMBER: 811-03618 FILM NUMBER: 091206473 BUSINESS ADDRESS: STREET 1: 501 BOYLSTON STREET STREET 2: C/O METLIFE ADVISERS, LLC CITY: BOSTON STATE: MA ZIP: 02116 BUSINESS PHONE: 617-578-2000 MAIL ADDRESS: STREET 1: C/O METLIFE ADVISERS, LLC STREET 2: 501 BOYLSTON STREET CITY: BOSTON STATE: MA ZIP: 02116 0000710826 S000006500 BlackRock Aggressive Growth Portfolio C000017769 Class A C000017770 Class B C000017771 Class E C000030922 Class D 0000710826 S000006501 Davis Venture Value Portfolio C000017772 Class A C000017773 Class B C000017774 Class E 0000710826 S000006502 Artio International Stock Portfolio C000017775 Class A C000017776 Class B C000017777 Class E 0000710826 S000006503 FI Mid Cap Opportunities Portfolio C000017778 Class A C000017779 Class B C000017780 Class E 0000710826 S000006504 FI Value Leaders Portfolio C000017781 Class A C000017782 Class B C000017783 Class E C000030923 Class D 0000710826 S000006505 Loomis Sayles Small Cap Growth Portfolio C000017784 Class A C000017785 Class B C000017786 Class E 0000710826 S000006506 Met/Artisan Mid Cap Value Portfolio C000017787 Class A C000017788 Class B C000017789 Class E 0000710826 S000006507 MFS Value Portfolio C000017790 Class A C000017791 Class B C000017792 Class E 0000710826 S000006508 Jennison Growth Portfolio C000017793 Class A C000017794 Class B C000017795 Class E 0000710826 S000006509 Barclays Capital Aggregate Bond Index Portfolio C000017796 Class A C000017797 Class B C000017798 Class E C000075817 Class G 0000710826 S000006510 Loomis Sayles Small Cap Core Portfolio C000017799 Class A C000017800 Class B C000017801 Class E 0000710826 S000006511 BlackRock Bond Income Portfolio C000017802 Class A C000017803 Class B C000017804 Class E 0000710826 S000006512 MetLife Aggressive Allocation Portfolio C000017805 Class A C000017806 Class B C000027265 Class E 0000710826 S000006513 MetLife Conservative Allocation Portfolio C000017807 Class A C000017808 Class B C000027266 Class E 0000710826 S000006514 MetLife Conservative to Moderate Allocation Portfolio C000017809 Class A C000017810 Class B C000027267 Class E 0000710826 S000006515 MetLife Mid Cap Stock Index Portfolio C000017811 Class A C000017812 Class B C000017813 Class E C000075818 Class G 0000710826 S000006516 MetLife Moderate Allocation Portfolio C000017814 Class A C000017815 Class B C000027268 Class E 0000710826 S000006517 MetLife Moderate to Aggressive Allocation Portfolio C000017816 Class A C000017817 Class B C000027269 Class E 0000710826 S000006518 MetLife Stock Index Portfolio C000017818 Class A C000017819 Class B C000017820 Class E C000075819 Class D 0000710826 S000006520 MFS Total Return Portfolio C000017824 Class A C000017825 Class B C000017826 Class E C000030927 Class F 0000710826 S000006521 Morgan Stanley EAFE Index Portfolio C000017827 Class A C000017828 Class B C000017829 Class E C000075820 Class G 0000710826 S000006522 BlackRock Diversified Portfolio C000017830 Class A C000017831 Class B C000017832 Class E 0000710826 S000006523 Neuberger Berman Mid Cap Value Portfolio C000017833 Class A C000017834 Class B C000017835 Class E 0000710826 S000006524 Oppenheimer Global Equity Portfolio C000017836 Class A C000017837 Class B C000017838 Class E 0000710826 S000006525 Russell 2000 Index Portfolio C000017839 Class A C000017840 Class B C000017841 Class E C000075821 Class G 0000710826 S000006526 Western Asset Management Strategic Bond Opportunities Portfolio C000017842 Class A C000017843 Class B C000017844 Class E 0000710826 S000006527 Western Asset Management U.S. Government Portfolio C000017845 Class A C000017846 Class B C000017847 Class E 0000710826 S000006528 T.Rowe Price Large Cap Growth Portfolio C000017848 Class A C000017849 Class B C000017850 Class E 0000710826 S000006529 T.Rowe Price Small Cap Growth Portfolio C000017851 Class A C000017852 Class B C000017853 Class E 0000710826 S000006530 Zenith Equity Portfolio C000017854 Class A C000027270 Class B C000027271 Class E 0000710826 S000006532 BlackRock Large Cap Value Portfolio C000017858 Class A C000017859 Class B C000017860 Class E 0000710826 S000006533 BlackRock Legacy Large Cap Growth Portfolio C000017861 Class A C000017862 Class B C000017863 Class E 0000710826 S000006534 BlackRock Money Market Portfolio C000017864 Class A C000017865 Class B C000017866 Class E 0000710826 S000006535 BlackRock Strategic Value Portfolio C000017867 Class A C000017868 Class B C000017869 Class E 0000710826 S000006536 Capital Guardian U.S. Equity Portfolio C000017870 Class A C000017871 Class B C000026213 Class E 0000710826 S000011554 FI Large Cap Portfolio C000031835 Class A C000031836 Class B C000031837 Class E 0000710826 S000023793 Met/Dimensional International Small Company Portfolio C000069948 Class A C000069949 Class B C000069950 Class E 0000710826 S000023794 Van Eck Global Natural Resources Portfolio C000069951 Class A C000069952 Class B C000069953 Class E N-Q 1 dnq.htm METROPOLITAN SERIES FUND Metropolitan Series Fund
Table of Contents

 

 

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, 2009 to September 30, 2009

 

 

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.

 

 

 


Table of Contents
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]:

 


Table of Contents

LOGO

 

Metropolitan Series Fund, Inc.

Schedule of Investments

   September 30, 2009


Table of Contents

Metropolitan Series Fund, Inc.

 

Table of Contents

 

Schedule of Investments as of September 30, 2009   

Artio International Stock Portfolio

   MSF-1

Barclays Capital Aggregate Bond Index Portfolio

   MSF-10

BlackRock Aggressive Growth Portfolio

   MSF-19

BlackRock Bond Income Portfolio

   MSF-22

BlackRock Diversified Portfolio

   MSF-30

BlackRock Large Cap Value Portfolio

   MSF-41

BlackRock Legacy Large Cap Growth Portfolio

   MSF-44

BlackRock Money Market Portfolio

   MSF-47

BlackRock Strategic Value Portfolio

   MSF-50

Davis Venture Value Portfolio

   MSF-54

FI Mid Cap Opportunities Portfolio

   MSF-59

FI Value Leaders Portfolio

   MSF-62

Jennison Growth Portfolio

   MSF-65

Loomis Sayles Small Cap Core Portfolio

   MSF-68

Loomis Sayles Small Cap Growth Portfolio

   MSF-73

Met/Artisan Mid Cap Value Portfolio

   MSF-76

Met/Dimensional International Small Company Portfolio

   MSF-78

MetLife Aggressive Allocation Portfolio

   MSF-106

MetLife Conservative Allocation Portfolio

   MSF-107

MetLife Conservative to Moderate Allocation Portfolio

   MSF-108

MetLife Mid Cap Stock Index Portfolio

   MSF-109

MetLife Moderate Allocation Portfolio

   MSF-116

MetLife Moderate to Aggressive Allocation Portfolio

   MSF-117

MetLife Stock Index Portfolio

   MSF-118

MFS Total Return Portfolio

   MSF-126

MFS Value Portfolio

   MSF-137

Morgan Stanley EAFE Index Portfolio

   MSF-141

Neuberger Berman Mid Cap Value Portfolio

   MSF-151

Oppenheimer Global Equity Portfolio

   MSF-154

Russell 2000 Index Portfolio

   MSF-158

T. Rowe Price Large Cap Growth Portfolio

   MSF-176

T. Rowe Price Small Cap Growth Portfolio

   MSF-180

Van Eck Global Natural Resources Portfolio

   MSF-186

Western Asset Management Strategic Bond Opportunities Portfolio

   MSF-188

Western Asset Management U.S. Government Portfolio

   MSF-201

Zenith Equity Portfolio

   MSF-207

 

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, Barclays Capital sponsors the Barclays Capital U.S. Aggregate Bond Index (formerly 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.


Table of Contents

Metropolitan Series Fund, Inc.

 

Artio International Stock Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—92.1% of Net Assets

 

 

Security Description   Shares   Value
   

Australia—7.0%

   

Alumina, Ltd.

  206,439   $ 328,185

AMP, Ltd.

  84,467     483,599

Asciano Group

  217,650     315,620

Australia & New Zealand Banking Group, Ltd.

  220,091     4,717,788

BHP Billiton, Ltd. (a)

  326,406     10,785,634

BlueScope Steel, Ltd.

  152,999     391,891

Boral, Ltd. (a)

  42,375     226,679

Brambles, Ltd.

  100,875     715,635

Commonwealth Bank of Australia

  121,862     5,540,685

CSL, Ltd.

  55,266     1,626,757

Fortescue Metals Group, Ltd. (b)

  91,529     306,690

Foster’s Group, Ltd.

  198,614     969,624

Insurance Australia Group, Ltd.

  175,712     584,205

Leighton Holdings, Ltd. (a)

  19,566     622,041

Macquarie Airports

  769,587     1,920,159

Macquarie Group, Ltd.

  26,340     1,356,573

National Australia Bank, Ltd.

  175,108     4,732,823

QBE Insurance Group, Ltd. (a)

  61,815     1,307,469

Rio Tinto, Ltd. (a)

  343,279     17,856,192

Suncorp-Metway, Ltd.

  88,104     686,893

Telstra Corp., Ltd.

  893,435     2,573,423

Wesfarmers, Ltd.

  80,322     1,870,267

Westfield Group (REIT)

  209,297     2,548,342

Westpac Banking Corp.

  237,523     5,472,026

Woodside Petroleum, Ltd.

  110,909     5,075,884

Woolworths, Ltd.

  118,886     3,062,988
       
      76,078,072
       

Austria—0.6%

   

Andritz AG

  1,119     55,810

Erste Bank der oesterreichischen Sparkassen AG (a)

  11,253     503,349

OMV AG

  128,718     5,188,115

Raiffeisen International Bank Holding AG

  3,830     249,932

Telekom Austria AG

  28,917     521,668

Voestalpine AG

  15,288     547,322
       
      7,066,196
       

Belgium—0.7%

   

Anheuser-Busch InBev NV

  62,971     2,878,410

Belgacom S.A.

  6,349     247,304

Fortis

  477,863     2,242,590

KBC Groep NV

  44,492     2,239,290

Solvay S.A.

  768     79,738
       
      7,687,332
       

Bermuda—0.3%

   

Esprit Holdings, Ltd. (HKD) (a)

  85,900     576,079

GOME Electrical Appliances Holdings, Ltd. (HKD) (a)

  1,628,879     431,727

Li & Fung, Ltd. (HKD) (a)

  168,000     685,237

SeaDrill, Ltd. (NOK)

  35,192     733,468

Yue Yuen Industrial Holdings, Ltd. (HKD) (a)

  127,000     355,959
       
      2,782,470
       
Security Description   Shares   Value
   

Brazil—0.8%

   

BRF-Brasil Foods S.A.

  22,829   $ 607,213

Cia Siderurgica Nacional S.A.

  21,332     653,706

Vale S.A. (ADR)

  315,187     7,290,275
       
      8,551,194
       

Canada—4.5%

   

Agrium, Inc.

  11,196     558,886

Bank of Montreal (a)

  67,299     3,400,258

Bank of Nova Scotia (a)

  88,642     4,040,418

Bombardier, Inc. (a)

  157,554     730,349

Canadian Imperial Bank of Commerce (a)

  37,718     2,296,888

Canadian Natural Resources, Ltd.

  8,211     553,706

Canadian Pacific Railway, Ltd. (a)

  38,197     1,784,890

EnCana Corp.

  69,925     4,043,604

Manulife Financial Corp. (a)

  51,002     1,070,321

National Bank of Canada (a)

  10,230     568,106

Potash Corp. of Saskatchewan, Inc.

  23,862     2,161,524

Research In Motion, Ltd. (b)

  42,543     2,873,780

Rogers Communications, Inc. (a)

  17,918     505,210

Royal Bank of Canada (a)

  111,428     5,981,142

Shoppers Drug Mart Corp. (a)

  12,324     505,075

Suncor Energy, Inc.

  169,238     5,903,559

SunLife Financial, Inc. (a)

  17,211     538,571

Talisman Energy, Inc.

  226,366     3,933,404

Teck Resources, Ltd. (b)

  100,931     2,777,097

The Toronto-Dominion Bank (a)

  70,572     4,558,234

Thomson Reuters Corp. (a)

  15,856     530,924
       
      49,315,946
       

Cayman Islands—0.1%

   

China Resources Land, Ltd. (HKD) (a)

  416,000     904,004
       

China—2.3%

   

Bank of China, Ltd.

  4,191,000     2,192,389

Beijing Capital International Airport Co., Ltd. (a)

  726,642     448,486

China Citic Bank

  771,000     508,065

China Construction Bank Corp. (a)

  3,449,000     2,744,517

China Life Insurance Co., Ltd. (a)

  607,000     2,654,295

China Petroleum & Chemical Corp. (a)

  5,352,000     4,563,432

China Shenhua Energy Co., Ltd.

  287,500     1,236,020

China Telecom Corp., Ltd. (a)

  3,108,000     1,473,983

Huaneng Power International, Inc.

  248,000     162,417

Industrial & Commercial Bank of China (a)

  3,231,000     2,417,277

PetroChina Co., Ltd. (a)

  4,606,000     5,246,815

Ping An Insurance Group Co. of China, Ltd. (a)

  114,500     903,728
       
      24,551,424
       

Czech Republic—1.2%

   

Komercni Banka AS (GDR)

  40,001     2,680,067

Komercni Banka AS (GDR) (U.S. OTC-Traded)

  162,464     10,885,088
       
      13,565,155
       

 

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-1


Table of Contents

Metropolitan Series Fund, Inc.

 

Artio International Stock Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—(Continued)

 

 

Security Description   Shares   Value
   

Denmark—0.6%

   

AP Moller-Maersk A/S (Series B)

  185   $ 1,279,804

Danske Bank A/S

  44,776     1,175,082

FLSmidth & Co. A/S

  5,858     319,910

Novo Nordisk A/S

  51,957     3,261,998

Vestas Wind Systems A/S (b)

  7,141     518,520
       
      6,555,314
       

Finland—0.5%

   

Fortum Oyj

  8,098     207,824

Kesko Oyj

  7,587     254,691

Kone Oyj

  17,218     633,576

Metso Oyj

  15,434     435,393

Neste Oil Oyj

  35,638     658,938

Nokia Oyj

  75,012     1,102,800

Nokian Renkaat Oyj

  9,028     210,665

Outokumpu Oyj

  16,653     312,799

Sampo Oyj

  24,160     608,564

Stora Enso Oyj

  101,167     706,407
       
      5,131,657
       

France—10.1%

   

Accor S.A.

  20,777     1,156,979

Aeroports de Paris

  51,038     4,595,676

Air France-KLM

  11,474     208,993

Air Liquide S.A. (a)

  19,630     2,231,524

Alcatel-Lucent (a)

  297,652     1,333,248

Alstom (a)

  16,066     1,174,531

AXA S.A.

  179,525     4,856,056

BNP Paribas (a)

  98,541     7,878,854

Bouygues (a)

  21,501     1,095,436

Carrefour S.A.

  57,644     2,616,139

Casino Guichard-Perrachon S.A. (a) (b)

  13,724     1,092,377

Cie de Saint-Gobain (a)

  42,581     2,213,948

Cie Generale de Geophysique-Veritas (b)

  9,349     218,732

Compagnie Générale des Etablissements Michelin (Class B) (a)

  16,675     1,311,559

Credit Agricole S.A. (a)

  240,928     5,036,962

EDF S.A. (a)

  29,149     1,731,842

Eramet

  491     170,120

France Telecom S.A. (a)

  251,653     6,729,068

Gaz de France S.A. (a)

  118,884     5,313,464

Groupe Danone (a)

  107,152     6,480,074

L’Oreal S.A. (a)

  16,725     1,671,222

Lafarge S.A. (a)

  39,571     3,536,347

LVMH Moet Hennessy Louis Vuitton S.A. (a)

  17,993     1,811,427

Natixis

  132,694     800,784

Pernod-Ricard S.A. (a)

  15,545     1,235,969

Peugoet S.A.

  33,202     1,014,662

Pinault-Printemps-Redoute S.A. (a)

  11,545     1,481,261

Publicis Groupe (a)

  29,092     1,168,354

Renault S.A. (a)

  51,509     2,408,328

Sanofi-Aventis S.A. (a)

  102,175     7,498,709

Schneider Electric S.A. (a)

  19,107     1,937,678

Société Générale (a)

  75,029     6,043,816

Total S.A. (a)

  203,205     12,092,981

Vallourec S.A. (a)

  5,678     962,685
Security Description   Shares   Value
   

France—(Continued)

   

Veolia Environnement (a)

  32,237   $ 1,237,931

Vinci S.A. (a)

  97,625     5,531,051

Vivendi (a)

  54,686     1,695,213
       
      109,574,000
       

Germany—7.2%

   

Adidas AG (a)

  23,253     1,230,557

Allianz SE

  37,423     4,674,357

BASF AG

  99,364     5,258,976

Bayer AG (a)

  63,117     4,369,971

Bayerische Motoren Werke AG

  25,240     1,217,969

Beiersdorf AG

  4,006     235,336

Celesio AG

  11,845     325,872

Commerzbank AG (a)

  60,899     772,506

Daimler AG (a)

  77,660     3,909,254

Deutsche Bank AG

  62,191     4,773,008

Deutsche Boerse AG

  9,152     747,723

Deutsche Post AG

  69,998     1,311,060

Deutsche Telekom AG (a)

  220,224     3,009,953

E.ON AG (a)

  167,664     7,117,108

Fraport AG Frankfurt Airport Services (a)

  242,155     12,879,033

Fresenius SE

  21,971     1,081,721

Hamburger Hafen und Logistik AG

  2,494     112,328

HeidelbergCement AG (a)

  21,738     1,409,749

K&S AG

  7,148     389,954

MAN AG (a)

  28,977     2,391,108

Metro AG

  28,653     1,620,371

Müenchener Rüeckversicherungs AG (a)

  18,561     2,960,358

RWE AG (a)

  44,032     4,093,337

SAP AG (a)

  53,830     2,622,059

Siemens AG

  86,228     7,990,219

ThyssenKrupp AG (a)

  35,401     1,218,899

Wacker Chemie AG

  2,239     348,952
       
      78,071,738
       

Greece—0.3%

   

Alpha Bank A.E.

  44,592     825,468

Coca-Cola Hellenic Bottling Co. S.A.

  12,719     338,783

Hellenic Telecommunications Organization S.A.

  61,468     1,019,575

National Bank of Greece S.A.

  41,016     1,482,676
       
      3,666,502
       

Hong Kong—2.2%

   

Cheung Kong Holdings, Ltd.

  112,000     1,410,973

China Merchants Holdings International Co., Ltd. (a)

  314,468     1,034,915

China Mobile, Ltd. (a)

  519,500     5,094,947

China Overseas Land & Investment, Ltd. (a)

  394,000     845,053

China Unicom Hong Kong, Ltd. (a)

  750,000     1,049,280

CLP Holdings, Ltd. (a)

  70,000     476,288

CNOOC, Ltd.

  1,296,000     1,755,807

Denway Motors, Ltd. (a)

  982,000     436,846

Hang Lung Properties, Ltd.

  289,000     1,059,439

Henderson Land Development Co., Ltd.

  162,000     1,036,651

Hong Kong Exchanges & Clearing, Ltd. (a)

  88,300     1,586,037

Hutchison Whampoa, Ltd.

  436,000     3,123,188

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

Artio International Stock Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—(Continued)

 

 

Security Description   Shares   Value
   

Hong Kong—(Continued)

   

MTR Corp. (a)

  152,500   $ 526,004

New World Development, Ltd. (a)

  253,000     534,641

Sun Hung Kai Properties, Ltd.

  113,000     1,659,120

Swire Pacific, Ltd. (a)

  97,500     1,144,139

Wharf Holdings, Ltd. (a)

  239,000     1,260,905
       
      24,034,233
       

Hungary—0.6%

   

OTP Bank Nyrt (a)

  244,033     7,021,100
       

India—1.1%

   

Bharat Heavy Electricals, Ltd.

  10,448     505,634

Bharti Airtel, Ltd.

  122,334     1,064,691

HDFC Bank, Ltd. (ADR)

  4,844     573,384

ICICI Bank, Ltd.

  64,119     1,200,681

ICICI Bank, Ltd. (ADR)

  29,754     1,147,314

Infosys Technologies, Ltd. (ADR)

  24,327     1,179,616

ITC, Ltd.

  114,861     556,242

Larsen & Toubro, Ltd.

  31,666     1,111,947

Reliance Communications, Ltd.

  190,266     1,223,548

Reliance Industries, Ltd.

  11,223     510,929

State Bank of India, Ltd.

  48,756     2,213,818

Sterlite Industries India, Ltd. (ADR) (b)

  41,363     660,567
       
      11,948,371
       

Indonesia—0.1%

   

Telekomunikasi Indonesia Tbk PT

  614,180     546,336
       

Ireland—0.6%

   

Allied Irish Banks, Plc.

  95,109     455,552

CHR, Plc.

  118,785     3,301,111

The Governor & Co. of the Bank of Ireland

  460,835     2,310,271
       
      6,066,934
       

Italy—2.5%

   

Assicuraziono Generali S.p.A.

  104,275     2,858,724

Atlantia S.p.A.

  36,556     886,610

Banca Monte dei Paschi di Siena S.p.A.

  157,846     338,184

Banco Popolare Scarl

  59,443     570,472

Enel S.p.A.

  375,679     2,384,965

Eni S.p.A.

  351,603     8,800,063

Intesa Sanpaolo S.p.A.

  437,145     1,934,436

Mediaset S.p.A. (a)

  52,513     368,089

Mediobanca S.p.A. (a)

  40,638     556,018

Parmalat S.p.A.

  163,372     452,520

Saipem S.p.A.

  11,213     337,391

Telecom Italia S.p.A.

  878,920     1,543,580

UniCredit S.p.A. (a)

  1,667,893     6,534,490
       
      27,565,542
       

Japan—9.9%

   

Aeon Mall Co., Ltd.

  15,000     310,297

Aisin Seiki Co., Ltd.

  35,401     857,763

Asahi Breweries, Ltd.

  53,600     981,116

Asahi Glass Co., Ltd.

  60,000     481,981
Security Description   Shares   Value
   

Japan—(Continued)

   

Benesse Corp.

  10,500   $ 514,716

Bridgestone Corp.

  63,800     1,139,441

Canon, Inc.

  95,667     3,838,157

Central Japan Railway Co. (a)

  115     827,647

Daikin Industries, Ltd. (a)

  12,108     434,383

Daiwa Securities Group, Inc.

  181,100     934,350

Denso Corp. (a)

  71,190     2,075,202

East Japan Railway Co.

  23,800     1,714,112

Eisai Co., Ltd. (a)

  16,480     619,438

FamilyMart Co., Ltd. (a)

  6,100     196,818

Fanuc, Ltd. (a)

  40,663     3,643,567

Fujitsu, Ltd. (a)

  169,000     1,097,747

Fukuoka Financial Group, Inc. (a)

  102,000     422,284

Hitachi Construction Machinary Co., Ltd. (a)

  11,009     235,014

Honda Motor Co., Ltd. (a)

  181,483     5,518,908

Hoya Corp.

  45,800     1,077,373

Itochu Corp.

  417,957     2,749,421

JFE Holdings, Inc.

  22,900     780,524

Kawasaki Heavy Industries, Ltd. (a)

  115,000     290,632

KDDI Corp.

  138     778,508

Kirin Holdings Co., Ltd.

  105,600     1,618,835

Komatsu, Ltd. (a)

  114,725     2,136,554

Konica Minolta Holdings, Inc.

  27,500     259,905

Kubota Corp. (a)

  93,731     778,548

Kurita Water Industries, Ltd. (a)

  6,009     215,513

Kyocera Corp. (a)

  6,943     640,202

Lawson, Inc. (a)

  4,400     205,109

Makita Corp.

  10,200     321,882

Matsushita Electric Industrial Co., Ltd. (a)

  258,460     3,792,623

Mitsubishi Corp.

  253,319     5,102,307

Mitsubishi Electric Corp.

  106,607     803,058

Mitsubishi Estate Co., Ltd.

  98,500     1,544,125

Mitsubishi Heavy Industries, Ltd. (a)

  113,000     426,294

Mitsubishi UFJ Financial Group, Inc.

  1,045,900     5,611,058

Mitsubishi UFJ Lease & Finance Co., Ltd. (a)

  6,330     190,195

Mitsui & Co., Ltd.

  395,062     5,156,520

Mitsui Fudosan Co., Ltd. (a)

  89,500     1,504,514

NGK Insulators, Ltd. (a)

  60,000     1,385,293

Nidec Corp.

  35,100     2,854,278

Nikon Corp. (a)

  17,000     309,856

Nintendo Co., Ltd.

  3,402     872,410

Nippon Building Fund, Inc. (REIT)

  35     312,589

Nippon Steel Corp. (a)

  123,000     446,937

Nippon Telephone & Telegraph Corp.

  24,000     1,111,098

Nissan Motor Co., Ltd.

  229,200     1,543,755

Nomura Holdings, Inc. (a)

  265,500     1,626,719

NTT DoCoMo, Inc.

  975     1,558,185

Olympus Corp. (a)

  19,000     501,610

ORIX Corp. (a)

  8,600     524,407

Resona Holdings, Inc.

  35,700     460,090

Ricoh Co., Ltd. (a)

  63,762     922,179

Seven & I Holdings Co., Ltd.

  11,900     284,478

Shin-Etsu Chemical Co., Ltd.

  12,582     771,273

Shiseido Co., Ltd. (a)

  29,000     506,558

SMC Corp. (a)

  2,600     318,962

Sony Corp. (a)

  45,113     1,323,354

Stanley Electric Co., Ltd. (a)

  10,000     201,738

 

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-3


Table of Contents

Metropolitan Series Fund, Inc.

 

Artio International Stock Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—(Continued)

 

 

Security Description   Shares   Value
   

Japan—(Continued)

   

Sumitomo Metal Industries, Ltd. (a)

  172,000   $ 420,777

Sumitomo Mitsui Financial Group, Inc. (a)

  132,000     4,582,792

Sumitomo Realty & Development Co., Ltd. (a)

  64,500     1,171,696

Suruga Bank, Ltd. (a)

  20,000     188,737

Suzuki Motor Corp. (a)

  113,295     2,639,826

Takeda Pharmaceutical Co., Ltd. (a)

  16,575     692,458

The Bank of Yokohama, Ltd.

  156,600     764,043

The Chiba Bank, Ltd. (a)

  99,300     613,076

The Japan Steel Works, Ltd. (a)

  14,886     170,413

The Shizuoka Bank, Ltd. (a)

  75,000     790,232

The Sumitomo Trust & Banking Co., Ltd. (a)

  210,800     1,111,478

The Tokyo Electric Power Co., Inc. (a)

  19,000     499,749

Tokio Marine Holdings, Inc.

  24,200     701,553

Toshiba Corp. (a)

  408,000     2,128,302

Toyota Motor Corp.

  243,770     9,621,667

Unicharm Corp. (a)

  13,870     1,319,165

Yahoo! Japan Corp. (a)

  1,521     515,340
       
      107,593,714
       

Luxembourg—0.5%

   

ArcelorMittal

  134,542     5,019,461

Evraz Group S.A. (GDR)

  12,350     323,015
       
      5,342,476
       

Mexico—0.9%

   

América Movil S.A.B. de C.V. (ADR)

  111,215     4,874,554

Cemex S.A.B. de C.V.

  925,992     1,196,512

Cemex S.A.B. de C.V. (ADR)

  136,135     1,758,864

Grupo Televisa S.A.

  144,249     534,347

Grupo Televisa S.A. (ADR)

  88,236     1,640,307
       
      10,004,584
       

Netherlands—2.7%

   

Aegon NV

  225,322     1,918,964

European Aeronautic Defense & Space Co. NV (a)

  36,931     829,572

Fugro NV

  3,792     219,305

Heineken NV

  109,429     5,046,881

ING Groep NV

  304,873     5,445,705

Koninklijke KPN NV

  294,429     4,884,434

Koninklijke Philips Electronics NV (a)

  99,989     2,436,473

Randstad Holding NV

  12,587     544,748

Reed Elsevier NV

  159,573     1,801,630

SBM Offshore NV

  10,274     218,801

TNT NV

  24,988     671,553

Unilever NV

  189,417     5,466,053
       
      29,484,119
       

Norway—1.0%

   

DnB NOR ASA

  95,797     1,111,275

Norsk Hydro ASA (a)

  232,669     1,553,780

Orkla ASA (a)

  119,584     1,128,939

StatoilHydro ASA

  238,292     5,352,392

Telenor ASA

  38,290     444,320

Yara International ASA

  31,524     990,288
       
      10,580,994
       
Security Description   Shares   Value
   

Poland—0.3%

   

Bank Pekao S.A.

  30,461   $ 1,619,220

Powszechna Kasa Oszczednosci Bank Polski S.A.

  156,272     1,843,627
       
      3,462,847
       

Portugal—0.1%

   

Banco Comercial Portugues S.A.

  152,214     225,237

Energias de Portugal S.A.

  140,366     642,985

Galp Energia, SGPS, S.A.

  5,822     100,624
       
      968,846
       

Russia—2.2%

   

Gazprom OAO (ADR)

  308,289     7,205,436

IDGC Holding JSC (GDR) (b)

  7,108     284,320

LUKOIL Co. (ADR)

  95,588     5,207,406

Mechel (ADR)

  25,578     459,892

MMC Norilsk Nickel (ADR)

  288,657     3,579,347

Mobile Telesystems OJSC (ADR) (b)

  17,579     848,538

NovaTek OAO (GDR)

  19,550     967,824

Rosneft Oil, Co. (GDR)

  377,150     2,850,970

Severstal (GDR)

  40,188     309,197

Vimpel-Communications (ADR)

  85,292     1,594,960

VTB Bank OJSC (GDR)

  142,300     527,480
       
      23,835,370
       

Singapore—0.7%

   

City Developments, Ltd.

  72,000     522,582

DBS Group Holdings, Ltd.

  165,000     1,543,962

Keppel Corp., Ltd.

  99,000     565,424

Oversea-Chinese Banking Corp., Ltd.

  193,000     1,068,601

Singapore Telecommunications, Ltd.

  834,000     1,914,468

United Overseas Bank, Ltd.

  90,000     1,064,367

Wilmar International, Ltd.

  237,000     1,056,297
       
      7,735,701
       

South Africa—0.9%

   

Anglo Platinum, Ltd.

  6,993     623,101

Bidvest Group, Ltd.

  22,387     352,689

FirstRand, Ltd.

  261,656     575,363

Impala Platinum Holdings, Ltd.

  60,310     1,408,435

MTN Group, Ltd.

  123,793     2,010,473

Naspers, Ltd.

  33,132     1,131,403

Sasol, Ltd.

  56,310     2,132,340

Standard Bank Group, Ltd.

  83,730     1,079,767
       
      9,313,571
       

South Korea—2.8%

   

Doosan Heavy Industries & Construction Co., Ltd.

  1,426     81,304

Hana Financial Group, Inc.

  17,960     616,207

Hyundai Heavy Industries Co., Ltd.

  13,052     1,987,721

Hyundai Motor Co.

  41,538     3,914,565

KB Financial Group, Inc. (b)

  37,238     1,911,936

Kia Motors Corp. (b)

  30,150     473,564

KT&G Corp.

  18,292     1,108,029

LG Display Co., Ltd.

  35,940     1,034,149

LG Electronics, Inc.

  9,188     974,824

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

Artio International Stock Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—(Continued)

 

 

Security Description   Shares   Value
   

South Korea—(Continued)

   

NHN Corp. (b)

  3,057   $ 450,073

POSCO

  13,317     5,522,026

POSCO (ADR)

  10,195     1,059,668

Samsung Electronics Co., Ltd.

  8,700     5,998,428

Samsung SDI Co., Ltd.

  4,703     592,169

Shinhan Financial Group Co., Ltd.

  46,630     1,865,996

SK Telecom Co., Ltd.

  16,064     2,496,080
       
      30,086,739
       

Spain—4.0%

   

Banco Bilbao Vizcaya Argentaria S.A.

  601,503     10,700,756

Banco Popular Espanol S.A. (a)

  42,039     421,545

Banco Santander S.A.

  947,882     15,308,558

EDP Renovaveis S.A.

  52,251     574,459

Grupo Ferrovial S.A. (a)

  9,532     456,799

Iberdrola Renovables (a) (b)

  123,852     609,716

Iberdrola S.A. (a)

  306,679     3,013,117

Inditex S.A. (a)

  42,048     2,414,083

Repsol YPF S.A.

  39,533     1,076,726

Telefonica S.A.

  336,744     9,291,746
       
      43,867,505
       

Sweden—1.3%

   

Atlas Copco AB (Series A) (a)

  73,179     944,281

Getinge AB (Class B) (a)

  59,583     1,001,631

Hennes & Mauritz AB (Series B) (a)

  40,690     2,284,458

Sandvik AB (a)

  215,620     2,384,194

Skandinaviska Enskilda Banken AB (Series A) (a)

  30,434     205,181

SKF AB (a)

  151,168     2,375,302

SSAB AB (Series A)

  19,914     307,705

Svenska Cellulosa AB

  145,425     1,972,908

Swedbank AB

  57,828     551,604

Swedish Match AB

  22,540     453,382

TeliaSonera AB

  96,233     632,169

Volvo AB (Series B) (a)

  148,075     1,371,985
       
      14,484,800
       

Switzerland—5.9%

   

ABB, Ltd.

  237,183     4,760,165

Credit Suisse Group AG

  102,872     5,718,432

Flughafen Zuerich AG

  5,982     1,741,407

Givaudan S.A.

  915     687,091

Holcim, Ltd.

  22,156     1,522,202

Nestle S.A.

  295,685     12,597,441

Nobel Biocare Holding AG

  16,826     557,013

Novartis AG

  295,078     13,736,587

Roche Holding AG

  56,589     9,148,546

Swatch Group AG (Class B)

  2,695     635,304

Swiss Reinsurance

  44,456     2,006,463

Swisscom AG

  3,428     1,226,255

Syngenta AG

  7,056     1,617,808

UBS AG

  321,102     5,877,615

Zurich Financial Services AG

  10,453     2,487,913
       
      64,320,242
       
Security Description   Shares   Value
   

Taiwan—0.7%

   

AU Optronics Corp. (ADR)

  61,878   $ 598,979

Chunghwa Telecom Co., Ltd. (ADR)

  43,153     778,480

Taiwan Semiconductor Manufacturing Co., Ltd. (ADR)

  494,427     5,418,920

United Microelectronics Corp. (ADR)

  135,429     514,630
       
      7,311,009
       

Ukraine—0.0%

   

UkrTelecom (GDR)

  32,890     69,764
       

United Kingdom—14.8%

   

Anglo American, Plc.

  231,814     7,388,823

AstraZeneca, Plc.

  74,244     3,333,117

Aviva, Plc.

  24,338     174,697

Barclays, Plc.

  876,466     5,186,555

BG Group, Plc.

  84,702     1,475,989

BHP Billiton, Plc.

  362,917     9,986,463

BP, Plc.

  1,391,793     12,342,883

British Airways, Plc.

  58,721     207,627

British American Tobacco, Plc.

  115,132     3,623,019

BT Group, Plc.

  316,788     659,808

Cadbury, Plc.

  213,530     2,743,776

Diageo, Plc.

  265,189     4,078,912

Friends Provident Group, Plc.

  39,377     52,439

GKN, Plc.

  177,618     323,809

GlaxoSmithKline, Plc.

  581,011     11,447,832

HSBC Holdings, Plc.

  1,230,223     14,101,367

HSBC Holdings, Plc. (HKD) (a)

  386,800     4,445,261

Imperial Tobacco Group, Plc.

  92,101     2,664,630

Johnson Matthey, Plc.

  15,432     342,490

Kingfisher, Plc.

  82,090     279,831

Legal & General Group, Plc.

  184,050     258,766

Lloyds Banking Group, Plc.

  3,368,888     5,601,446

Lonmin, Plc.

  37,670     1,012,591

Marks & Spencer Group, Plc.

  181,385     1,052,556

Old Mutual, Plc.

  477,014     764,705

Prudential, Plc.

  202,705     1,953,185

Rio Tinto, Plc.

  300,527     12,912,505

Rolls-Royce Group, Plc.

  82,906     624,989

Royal Bank of Scotland Group, Plc.

  2,884,247     2,447,324

Royal Dutch Shell, Plc. (Class A)

  75,737     2,160,435

Royal Dutch Shell, Plc. (Dutch-Listed Shares) (EUR) (a)

  383,927     10,979,821

Standard Chartered, Plc.

  132,840     3,279,552

Tesco, Plc.

  624,352     4,000,168

Vodafone Group, Plc.

  6,850,114     15,394,248

WM Morrison Supermarkets, Plc.

  4,194     18,653

Wolseley, Plc. (b)

  20,687     499,996

WPP, Plc.

  452,831     3,897,295

Xstrata, Plc.

  643,662     9,491,450
       
      161,209,013
       

United States—0.1%

   

Autoliv, Inc. (b)

  6,193     208,711

 

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-5


Table of Contents

Metropolitan Series Fund, Inc.

 

Artio International Stock Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—(Continued)

 

 

Security Description   Shares   Value
   

United States—(Continued)

   

Southern Copper Corp.

  21,983   $ 674,658
       
      883,369
       

Total Common Stock
(Identified Cost $844,059,914)

      1,001,238,183
       
Mutual Funds—4.1%          

India—0.2%

   

iShares MSCI India (USD) (b)

  285,272     1,834,570
       

Japan—1.9%

   

Nomura Nikkei 225 Exchange Traded Fund

  179,432     20,300,103
       

Taiwan—2.0%

   

iShares MSCI Taiwan Index Fund (USD)

  1,820,483     22,391,941
       

Total Mutual Funds
(Identified Cost $42,016,406)

      44,526,614
       
Preferred Stock—2.0%          

Brazil—1.9%

   

Banco Bradesco S.A.

  191,108     3,796,206

Centrais Eletricas Brasileiras S.A.

  29,006     407,004

Cia Brasileira de Distribuicao Grupo Pao de Acucar

  22,935     646,220

Cia de Bebidas das Americas

  14,283     1,177,218

Cia Energetica de Minas Gerais

  27,859     423,878

Gerdau S.A.

  90,258     1,207,984

Itau Unibanco Holding S.A.

  244,960     4,928,050

Petroleo Brasileiro S.A.

  299,702     5,911,116

Usiminas Siderurgicas de Minas Gerais S.A.

  44,330     1,166,862

Vivo Participacoes S.A.

  23,545     593,086
       
      20,257,624
       

Germany—0.1%

   

Porsche Automobil Holding SE

  4,598     361,582

Volkswagen AG

  11,074     1,289,365
       
      1,650,947
       

Total Preferred Stock
(Identified Cost $17,664,627)

      21,908,571
       
Rights—0.1%          

France—0.1%

   

BNP Paribas (a) (b)

  98,541     213,343
       

Germany—0.0%

   

HeidelbergCement AG (b)

  21,738     116,068
       

Total Rights
(Identified Cost $0)

      329,411
       
Warrants—0.0%    
Security Description   Shares   Value  
   

Italy—0.0%

   

Mediobanca S.p.A. (b)

    38,703   $ 2,750   
         

Total Warrants
(Identified Cost $0)

      2,750   
         
Short Term Investments—25.4%    
Security Description   Shares/Par
Amount
  Value  

United States—25.4%

   

State Street Navigator Securities Lending Prime Portfolio (c)

    247,312,891     247,312,891   

State Street Repurchase Agreement dated 09/30/09 at 0.010% to be repurchased at $29,048,008 on 10/01/09, collateralized by $6,170,000 U.S. Treasury Bill due 03/18/10 with a value of $6,165,064; by $5,150,000 Federal Home Loan Mortgage Corp. due 04/01/10 with a value of $5,156,438; and by $17,630,000 Federal Home Loan Bank due 09/17/10 with a value of $18,310,518.

  $ 29,048,000     29,048,000   
         

Total Short Term Investments
(Identified Cost $276,360,891)

      276,360,891   
         

Total Investments—123.7%
(Identified Cost $1,180,101,838) (d)

      1,344,366,420   

Liabilities in excess of other assets

      (257,480,155
         
Net Assets—100%     $ 1,086,886,265   
         

 

(a) All or a portion of the security was on loan. As of September 30, 2009, the market value of securities loaned was $234,699,011 and the collateral received consisted of cash in the amount of $247,312,891. 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, 2009 was $1,180,101,838 and the composition of unrealized appreciation and depreciation of investment securities was $193,522,292 and $(29,257,710), 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.
(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.
(EUR)— Euro
(HKD)— Hong Kong Dollar
(NOK)— Norwegian Krone
(USD)— United States 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-6


Table of Contents

Metropolitan Series Fund, Inc.

 

Artio International Stock Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

 

 

Ten Largest Industries as of
September 30, 2009

  

Percentage of
Net Assets

Commercial Banks

   19.6%

Oil, Gas & Consumable Fuels

   11.7%

Metals & Mining

   10.0%

Pharmaceuticals

   4.2%

Exchange Traded Funds

   4.1%

Diversified Telecommunication Services

   3.9%

Wireless Telecommunication Services

   3.5%

Insurance

   3.2%

Automobiles

   3.2%

Food Products

   2.7%
Forward Contracts            

Forward Currency Contracts

   Counterparty    Delivery Date    Local
Currency
Amount
   Aggregate
Face
Value
   Valuation as of
9/30/2009
   Unrealized
Appreciation/
Depreciation
 

Canadian Dollar (bought)

   Deutsche Bank    12/16/2009    16,035,386    $ 14,899,106    $ 14,958,132    $ 59,026   

Czech Koruna (bought)

   Credit Suisse    10/14/2009    6,476,368      287,328      374,824      87,496   

Czech Koruna (bought)

   Credit Suisse    10/27/2009    27,751,209      1,501,689      1,605,551      103,862   

Czech Koruna (sold)

   Credit Suisse    10/14/2009    6,476,368      351,594      374,824      (23,230

Czech Koruna (sold)

   Credit Suisse    10/27/2009    12,779,621      650,362      739,367      (89,005

Czech Koruna (sold)

   Credit Suisse    10/27/2009    51,261,563      2,601,450      2,965,746      (364,296

Czech Koruna (sold)

   Credit Suisse    10/27/2009    60,756,294      3,171,493      3,515,065      (343,572

Czech Koruna (sold)

   Credit Suisse    10/27/2009    64,888,685      3,237,474      3,754,145      (516,671

Japanese Yen (bought)

   Credit Suisse    12/16/2009    3,900,489,960      43,105,290      43,600,363      495,073   

Japanese Yen (sold)

   Credit Suisse    12/16/2009    831,431,802      9,142,038      9,293,891      (151,853

Polish Zlotty (bought)

   UBS AG    10/20/2009    7,813,597      2,814,190      2,710,790      (103,400

Polish Zlotty (bought)

   UBS AG    10/20/2009    11,337,990      4,241,372      3,933,515      (307,857

Polish Zlotty (bought)

   UBS AG    11/19/2009    30,799,561      11,394,221      10,661,456      (732,765

Polish Zlotty (sold)

   UBS AG    10/20/2009    19,151,588      6,107,985      6,644,305      (536,320

Polish Zlotty (sold)

   UBS AG    11/19/2009    7,419,978      2,353,494      2,568,471      (214,977

Polish Zlotty (sold)

   UBS AG    11/19/2009    23,379,583      7,458,078      8,092,986      (634,908
                       

Net Unrealized Depreciation

                  $ (3,273,397
                       
Futures Contracts                  

Futures Contracts-Long

   Counterparty    Expiration
Date
   Number of
Contracts
   Contract
Amount
   Valuation as of
9/30/2009
   Unrealized
Depreciation
 

TOPIX Index Futures

   Credit Suisse    12/11/2009    98    $ 10,267,279    $ 9,963,689    $ (303,590
                       

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

Artio International Stock Portfolio

 

 

 

VALUATION INPUTS

 

The Portfolio is subject to the provisions of the Statement of Financial Accounting Standards No. 157, Fair Value Measurements (“FAS 157”). FAS 157 establishes a framework for measuring fair value and expands disclosures about fair value measurements in 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 Portfolio’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 investments as of September 30, 2009:

 

Description    Level 1    Level 2    Level 3    Total
Common Stock            

Australia

   $ —      $ 76,078,072    $ —      $ 76,078,072

Austria

     —        7,066,196      —        7,066,196

Belgium

     —        7,687,332      —        7,687,332

Bermuda

     —        2,782,470      —        2,782,470

Brazil

     7,290,275      1,260,919      —        8,551,194

Canada

     2,873,780      46,442,166      —        49,315,946

Cayman Islands

     —        904,004      —        904,004

China

     —        24,551,424      —        24,551,424

Czech Republic

     —        13,565,155      —        13,565,155

Denmark

     —        6,555,314      —        6,555,314

Finland

     —        5,131,657      —        5,131,657

France

     —        109,574,000      —        109,574,000

Germany

     —        78,071,738      —        78,071,738

Greece

     —        3,666,502      —        3,666,502

Hong Kong

     —        24,034,233      —        24,034,233

Hungary

     —        7,021,100      —        7,021,100

India

     2,413,567      9,534,804      —        11,948,371

Indonesia

     —        546,336      —        546,336

Ireland

     —        6,066,934      —        6,066,934

Italy

     —        27,565,542      —        27,565,542

Japan

     —        107,593,714      —        107,593,714

Luxembourg

     323,015      5,019,461      —        5,342,476

Mexico

     3,399,171      6,605,413      —        10,004,584

Netherlands

     —        29,484,119      —        29,484,119

Norway

     —        10,580,994      —        10,580,994

Poland

     —        3,462,847      —        3,462,847

Portugal

     —        968,846      —        968,846

Russia

     1,816,362      22,019,008      —        23,835,370

Singapore

     —        7,735,701      —        7,735,701

South Africa

     —        9,313,571      —        9,313,571

South Korea

     1,059,668      29,027,071      —        30,086,739

Spain

     —        43,867,505      —        43,867,505

Sweden

     —        14,484,800      —        14,484,800

Switzerland

     —        64,320,242      —        64,320,242

Taiwan

     1,113,609      6,197,400      —        7,311,009

Ukraine

     —        69,764      —        69,764

United Kingdom

     —        161,209,013      —        161,209,013

United States

     674,658      208,711      —        883,369

Total Common Stock

     20,964,105      980,274,078      —        1,001,238,183
Mutual Funds            

India

     1,834,570      —        —        1,834,570

Japan

     —        20,300,103      —        20,300,103

 

MSF-8


Table of Contents

Metropolitan Series Fund, Inc.

 

Artio International Stock Portfolio

 

 

Description    Level 1    Level 2     Level 3    Total  

Taiwan

   $ 22,391,941    $ —        $ —      $ 22,391,941   

Total Mutual Funds

     24,226,511      20,300,103        —        44,526,614   
Preferred Stock           

Brazil

     —        20,257,624        —        20,257,624   

Germany

     —        1,650,947        —        1,650,947   

Total Preferred Stock

     —        21,908,571        —        21,908,571   
Rights           

France

     —        213,343        —        213,343   

Germany

     —        116,068        —        116,068   

Total Rights

     —        329,411        —        329,411   
Warrants           

Italy

     —        2,750        —        2,750   
Short Term Investments           

United States

     247,312,891      29,048,000        —        276,360,891   

Total Investments

   $ 292,503,507    $ 1,051,862,913      $ —      $ 1,344,366,420   
                                
Futures Contracts*           

Futures Contracts Long (Depreciation)

   $ —      $ (303,590   $ —      $ (303,590
Forward Contracts*           

Forward Currency Contracts (Appreciation)

     —        745,457        —        745,457   

Forward Currency Contracts (Depreciation)

     —        (4,018,854     —        (4,018,854

Total Liabilities

   $ —      $ (3,576,987   $ —      $ (3,576,987
                                

 

* Derivative instruments such as forwards, futures, swap contracts and written options are valued based on the unrealized appreciation/depreciation on the instrument.

 

MSF-9


Table of Contents

Metropolitan Series Fund, Inc.

 

Barclays Capital Aggregate Bond Index Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Fixed Income—98.1% of Net Assets

 

 

Security Description   Par
Amount
  Value
   

Aerospace & Defense—0.2%

   

Northrop Grumman Corp.
7.750%, 02/15/31

  $ 515,000   $ 671,432

Northrop Grumman Systems Corp.
7.750%, 03/01/16

    840,000     1,003,140

The Boeing Co.
7.250%, 06/15/25

    460,000     551,283

United Technologies Corp.
7.500%, 09/15/29

    200,000     252,415
       
      2,478,270
       

Air Freight & Logistics—0.1%

   

United Parcel Service, Inc.
5.125%, 04/01/19

    760,000     820,287
       

Asset Backed—0.3%

   

Capital One Multi-Asset Execution Trust
4.850%, 11/15/13

    3,000,000     3,111,240

Centex Home Equity
3.750%, 12/25/31 (a)

    60,968     43,550

Detroit Edison Securitization Funding, LLC
6.190%, 03/01/13

    230,685     242,058
       
      3,396,848
       

Beverages—0.4%

   

Anheuser-Busch Cos., Inc.
5.000%, 01/15/15

    1,950,000     2,081,354

Coca-Cola Enterprises, Inc.
6.950%, 11/15/26 (b)

    300,000     362,954

Pepsi Bottling Group, Inc.
7.000%, 03/01/29

    300,000     369,819

PepsiCo., Inc.
5.000%, 06/01/18

    2,700,000     2,895,364
       
      5,709,491
       

Capital Markets—1.8%

   

Credit Suisse USA, Inc.
5.375%, 03/02/16 (b)

    3,550,000     3,679,716

Merrill Lynch & Co., Inc.
6.050%, 05/16/16

    3,000,000     2,958,337

6.500%, 07/15/18

    200,000     205,247

Morgan Stanley
2.000%, 09/22/11 (b)

    4,000,000     4,070,248

4.750%, 04/01/14

    1,515,000     1,522,972

7.250%, 04/01/32

    1,850,000     2,109,174

The Bank of New York Mellon Corp.
5.450%, 05/15/19 (b)

    2,000,000     2,153,742

The Bear Stearns Cos., LLC
5.700%, 11/15/14

    900,000     971,518

The Goldman Sachs Group, Inc.
5.700%, 09/01/12 (b)

    1,000,000     1,075,245

6.125%, 02/15/33 (b)

    2,075,000     2,147,718

6.250%, 09/01/17 (b)

    760,000     803,229

6.450%, 05/01/36

    2,000,000     2,000,510
       
      23,697,656
       
Security Description   Par
Amount
  Value
   

Chemicals—0.3%

   

E. I. du Pont de Nemours & Co.
5.600%, 12/15/36 (b)

  $ 1,000,000   $ 1,050,686

6.000%, 07/15/18

    1,000,000     1,111,034

6.875%, 10/15/09 (b)

    300,000     300,521

Praxair, Inc.
4.375%, 03/31/14 (b)

    810,000     854,116

6.375%, 04/01/12

    80,000     88,213
       
      3,404,570
       

Commercial Banks—2.5%

   

ABN-AMRO Bank NV (New York Branch)
7.750%, 05/15/23

    230,000     224,172

American Express Centurion Bank
5.550%, 10/17/12

    300,000     318,179

5.950%, 06/12/17

    1,500,000     1,536,267

Duetsche Bank AG/London
6.000%, 09/01/17 (b)

    1,500,000     1,616,500

HSBC Holdings, Plc.
5.250%, 12/12/12 (b)

    2,050,000     2,177,556

Kreditanstalt fuer Wiederaufbau
3.500%, 05/16/13

    7,000,000     7,319,224

4.875%, 01/17/17 (b)

    2,900,000     3,168,395

8.000%, 02/15/10

    1,000,000     1,028,627

PNC Bank, N.A.
4.875%, 09/21/17

    1,000,000     956,470

5.250%, 01/15/17 (b)

    1,600,000     1,580,062

US Bancorp
4.200%, 05/15/14 (b)

    3,900,000     4,062,950

Wachovia Corp.
5.750%, 06/15/17 (b)

    700,000     739,676

Wells Fargo & Co.
4.950%, 10/16/13 (b)

    1,450,000     1,524,715

5.000%, 11/15/14

    2,000,000     2,089,909

5.125%, 09/01/12

    500,000     528,932

Wells Fargo Bank, N.A.
4.750%, 02/09/15 (b)

    3,065,000     3,112,728
       
      31,984,362
       

Commercial Mortgage-Backed Securities—3.3%

 

Banc of America Commerical Mortgage, Inc.
5.414%, 09/10/47

    2,752,000     2,500,104

Bear Stearns Commercial Mortgage Securities

 

5.540%, 09/11/41

    3,000,000     2,812,327

5.610%, 11/15/33

    500,000     518,151

6.480%, 02/15/35

    500,000     518,261

7.780%, 02/15/32

    82,540     82,936

Citigroup Commercial Mortgage Trust
5.544%, 04/15/40 (a)

    1,000,000     974,718

5.916%, 03/15/49 (a)

    3,800,000     3,632,093

Citigroup/Deutsche Bank Commercial Mortgage Trust

 

5.399%, 07/15/44 (a)

    2,000,000     1,972,824

5.658%, 10/15/48

    3,489,000     3,193,912

Credit Suisse Mortgage Capital Certificates 5.467%, 09/15/39

    3,500,000     2,745,096

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

Barclays Capital Aggregate Bond Index Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Fixed Income—(Continued)

 

 

Security Description   Par
Amount
  Value
   

Commercial Mortgage-Backed Securities—(Continued)

CS First Boston Mortgage Securities Corp.
3.382%, 05/15/38

  $ 1,805,651   $ 1,804,944

5.100%, 08/15/15 (a)

    3,000,000     2,935,139

Greenwich Capital Commercial Funding Corp.

 

4.022%, 01/05/36

    565,399     570,695

5.317%, 06/10/36 (a)

    1,000,000     1,016,745

JPMorgan Chase Commercial Mortgage Securities Corp.

 

3.972%, 05/12/35

    1,545,224     1,562,565

4.275%, 01/12/37

    586,306     595,181

6.044%, 11/15/35

    269,661     275,615

LB-UBS Commercial Mortgage Trust
4.254%, 07/15/27 (a)

    1,600,267     1,609,861

4.367%, 03/15/36

    3,000,000     2,832,296

6.462%, 03/15/31

    500,000     528,106

6.653%, 11/15/27

    2,000,000     2,082,634

Morgan Stanley Capital I
4.989%, 08/13/42

    1,000,000     975,665

6.076%, 06/11/49 (a)

    1,430,000     1,242,382

Morgan Stanley Dean Witter Capital I
4.800%, 09/15/37

    189,398     192,152

7.200%, 10/15/33

    474,866     488,686

Salomon Brothers Mortgage Securities VII, Inc.

 

5.045%, 03/18/36

    500,000     486,788

Wachovia Bank Commercial Mortgage Trust
5.083%, 03/15/42 (a)

    3,000,000     2,918,115

6.287%, 04/15/34

    1,445,000     1,521,355
       
      42,589,346
       

Commercial Services & Supplies—0.3%

Waste Management, Inc.
6.100%, 03/15/18

    2,000,000     2,134,786

7.000%, 07/15/28 (b)

    1,265,000     1,384,037
       
      3,518,823
       

Communications Equipment—0.1%

   

Motorola, Inc.
6.500%, 11/15/28 (b)

    900,000     765,000

7.625%, 11/15/10 (b)

    135,000     139,725
       
      904,725
       

Computers & Peripherals—0.4%

   

Hewlett-Packard Co.
5.500%, 03/01/18 (b)

    1,950,000     2,112,558

International Business Machines Corp.
4.750%, 11/29/12 (b)

    1,000,000     1,079,468

7.500%, 06/15/13

    1,000,000     1,167,383

8.375%, 11/01/19

    425,000     552,935
       
      4,912,344
       

Diversified Financial Services—4.6%

   

Anadarko Finance Co.
7.500%, 05/01/31

    1,800,000     1,974,426

Asian Development Bank
5.500%, 06/27/16

    3,850,000     4,354,070
Security Description   Par
Amount
  Value
   

Diversified Financial Services—(Continued)

 

Associates Corp. of North America
6.950%, 11/01/18

  $ 1,700,000   $ 1,727,505

Bank of America Corp.
3.125%, 06/15/12

    3,900,000     4,059,753

4.750%, 08/15/13

    1,000,000     1,022,321

5.125%, 11/15/14 (b)

    1,000,000     1,025,077

5.420%, 03/15/17

    900,000     858,148

5.750%, 08/15/16 (b)

    2,850,000     2,816,729

7.400%, 01/15/11 (b)

    300,000     318,267

7.800%, 02/15/10

    150,000     153,074

BellSouth Capital Funding Corp.
7.875%, 02/15/30

    250,000     293,291

Berkshire Hathaway Finance Corp.
4.600%, 05/15/13

    3,900,000     4,123,659

BHP Billiton Finance USA, Ltd.
5.500%, 04/01/14 (b)

    1,500,000     1,648,859

Citigroup, Inc.
5.500%, 08/27/12

    840,000     871,032

5.850%, 08/02/16

    500,000     491,462

7.250%, 10/01/10 (b)

    250,000     257,981

Conoco Funding Co.
6.350%, 10/15/11 (b)

    500,000     545,207

Deutsche Telekom International Finance BV
5.750%, 03/23/16

    460,000     491,780

8.750%, 06/15/30 (a)

    1,000,000     1,302,353

Devon Financing Corp.
6.875%, 09/30/11

    1,900,000     2,064,357

General Electric Capital Corp.
3.000%, 12/09/11

    5,000,000     5,182,049

5.000%, 11/15/11 (b)

    4,000,000     4,217,017

5.400%, 02/15/17 (b)

    2,000,000     1,992,891

5.450%, 01/15/13 (b)

    1,800,000     1,903,117

6.000%, 06/15/12

    1,000,000     1,073,683

6.750%, 03/15/32 (b)

    1,250,000     1,286,978

General Electric Capital Services, Inc.
7.500%, 08/21/35

    100,000     110,456

Heller Financial, Inc.
7.375%, 11/01/09 (b)

    350,000     351,456

JPMorgan Chase & Co.
4.750%, 05/01/13

    1,500,000     1,584,901

5.125%, 09/15/14 (b)

    850,000     895,743

6.300%, 04/23/19 (b)

    1,900,000     2,084,620

6.750%, 02/01/11

    250,000     266,523

Mellon Funding Corp.
6.400%, 05/14/11 (b)

    250,000     268,841

National Rural Utilities Cooperative Finance Corp.

 

8.000%, 03/01/32

    300,000     346,923

Petrobras International Finance Co.
6.125%, 10/06/16 (b)

    600,000     641,700

Shell International Finance BV
4.000%, 03/21/14 (b)

    1,900,000     1,989,565

Telecom Italia Capital S.A.
6.200%, 07/18/11

    1,020,000     1,085,644

Unilever Capital Corp.
7.125%, 11/01/10 (b)

    300,000     319,197

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

Barclays Capital Aggregate Bond Index Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Fixed Income—(Continued)

 

 

Security Description   Par
Amount
  Value
   

Diversified Financial Services—(Continued)

Verizon Global Funding Corp.
7.750%, 12/01/30 (b)

  $ 2,390,000   $ 2,888,169
       
      58,888,824
       

Diversified Telecommunication Services—1.0%

 

AT&T, Inc.
5.800%, 02/15/19 (b)

    3,700,000     3,959,661

5.875%, 02/01/12 (b)

    1,400,000     1,517,598

British Telecommunications, Plc.
9.625%, 12/15/30 (a)

    1,000,000     1,281,344

France Telecom S.A.
7.750%, 03/01/11 (a)

    1,400,000     1,516,741

Telefonica Emisiones SAU
6.221%, 07/03/17

    2,900,000     3,201,882

Verizon New England, Inc.
6.500%, 09/15/11 (b)

    400,000     429,848

Verizon New York, Inc.
7.375%, 04/01/32

    500,000     545,251
       
      12,452,325
       

Electric Utilities—1.2%

 

Duke Energy Carolinas, LLC
6.250%, 01/15/12 (b)

    500,000     542,182

Exelon Corp.
4.900%, 06/15/15

    2,060,000     2,104,130

5.625%, 06/15/35

    1,500,000     1,455,765

Georgia Power Co.
5.700%, 06/01/17

    1,400,000     1,525,998

Oncor Electric Delivery Co.
7.000%, 05/01/32 (b)

    950,000     1,126,399

Pepco Holdings, Inc.
6.450%, 08/15/12

    1,500,000     1,601,385

Progress Energy, Inc.
5.625%, 01/15/16 (b)

    1,900,000     2,004,308

7.100%, 03/01/11

    1,221,000     1,290,540

PSEG Power, LLC
7.750%, 04/15/11 (b)

    500,000     536,918

8.625%, 04/15/31 (b)

    1,000,000     1,352,887

Southern California Edison Co.
5.000%, 01/15/16

    1,500,000     1,569,166
       
      15,109,678
       

Energy Equipment & Services—0.5%

 

Halliburton Co.
5.500%, 10/15/10 (b)

    2,700,000     2,811,970

Kinder Morgan Energy Partners, L.P.
6.500%, 02/01/37

    2,000,000     2,013,204

6.750%, 03/15/11 (b)

    750,000     792,366

Transocean, Ltd.
7.500%, 04/15/31

    300,000     350,071
       
      5,967,611
       

Federal Agencies—45.2%

 

Federal Home Loan Bank
1.375%, 05/16/11 (b)

    5,000,000     5,042,485
Security Description   Par
Amount
  Value
   

Federal Agencies—(Continued)

 

3.625%, 07/01/11 (b)

  $ 5,000,000   $ 5,237,123

4.625%, 02/18/11

    6,070,000     6,394,184

5.250%, 06/18/14

    9,500,000     10,640,246

5.375%, 08/19/11

    5,800,000     6,276,584

5.375%, 05/18/16 (b)

    2,900,000     3,267,006

Federal Home Loan Mortgage Corp.
3.500%, 05/29/13 (b)

    7,120,000     7,509,516

4.000%, 06/01/19

    1,415,005     1,451,672

4.000%, 06/01/39

    6,175,062     6,116,005

4.500%, 09/01/18

    1,952,922     2,062,593

4.500%, 10/01/18

    2,981,846     3,149,297

4.500%, 04/01/19

    4,253,792     4,474,664

4.500%, 06/01/19

    2,515,321     2,645,925

4.500%, 08/01/19

    654,346     688,321

4.500%, 10/01/35

    4,479,151     4,548,992

4.500%, 11/01/35 (a)

    2,089,091     2,121,665

4.500%, 04/01/39

    5,813,451     5,888,404

4.750%, 03/05/12

    12,000,000     12,977,827

5.000%, 05/01/18

    4,943,587     5,256,770

5.000%, 12/01/18

    890,558     946,976

5.000%, 06/01/19

    1,822,253     1,932,292

5.000%, 03/01/27

    1,877,626     1,956,875

5.000%, 10/01/33

    2,885,654     2,994,256

5.000%, 03/01/34

    1,300,246     1,348,192

5.000%, 08/01/35

    6,185,903     6,408,220

5.000%, 09/01/35

    3,417,817     3,540,650

5.000%, 10/01/35

    2,527,023     2,617,842

5.000%, 01/01/36

    5,446,115     5,641,844

5.000%, 04/01/38

    4,949,601     5,117,003

5.087%, 08/01/36 (a)

    1,772,082     1,854,454

5.125%, 11/17/17 (b)

    3,530,000     3,919,070

5.300%, 05/12/20 (b)

    710,000     714,410

5.361%, 01/01/37 (a)

    7,831,838     8,226,769

5.500%, 11/01/17

    687,851     737,549

5.500%, 05/01/29

    735,426     773,246

5.500%, 06/01/34

    3,048,046     3,204,793

5.500%, 10/01/35

    2,639,726     2,773,189

5.500%, 12/01/35

    5,144,281     5,404,372

5.500%, 01/01/36

    7,673,966     8,061,955

5.625%, 11/23/35

    1,040,000     1,046,437

5.655%, 02/01/37 (a)

    5,211,179     5,456,010

6.000%, 04/01/16

    43,718     46,903

6.000%, 05/01/17

    574,200     615,705

6.000%, 11/01/28

    69,059     73,742

6.000%, 12/01/28

    42,640     45,532

6.000%, 02/01/29

    96,371     102,851

6.000%, 04/01/29

    38,540     41,132

6.000%, 05/01/29

    11,645     12,428

6.000%, 06/01/31

    17,081     18,196

6.000%, 07/01/31

    6,129     6,529

6.000%, 08/01/31

    111,591     118,874

6.000%, 09/01/31

    338,758     360,869

6.000%, 04/01/32

    752,086     800,286

6.000%, 11/01/32

    240,315     255,717

6.000%, 06/01/34

    964,862     1,024,562

6.000%, 11/01/35

    965,293     1,023,047

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

Barclays Capital Aggregate Bond Index Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Fixed Income—(Continued)

 

 

Security Description   Par
Amount
  Value
   

Federal Agencies—(Continued)

 

Federal Home Loan Mortgage Corp.
6.000%, 02/01/36

  $ 2,172,999   $ 2,298,956

6.000%, 08/01/36

    2,401,690     2,540,903

6.000%, 10/01/36

    3,578,508     3,785,934

6.000%, 11/01/36

    2,788,244     2,949,863

6.000%, 01/01/37

    5,158,847     5,457,877

6.000%, 02/01/38

    4,012,893     4,238,282

6.011%, 04/01/36 (a)

    1,402,701     1,473,722

6.250%, 07/15/32

    2,600,000     3,251,915

6.500%, 10/01/29

    36,111     38,918

6.500%, 02/01/30

    34,539     37,224

6.500%, 08/01/31

    58,602     63,036

6.500%, 10/01/31

    24,507     26,361

6.500%, 11/01/31

    134,738     144,932

6.500%, 03/01/32

    1,634,813     1,756,591

6.500%, 04/01/32

    1,482,661     1,593,106

6.500%, 09/01/36

    3,289,147     3,507,875

6.500%, 11/01/37

    7,280,285     7,765,713

6.750%, 03/15/31

    965,000     1,263,186

7.000%, 06/01/11

    7,877     8,217

7.000%, 12/01/15

    24,196     26,021

7.000%, 12/01/27

    6,337     6,929

7.000%, 11/01/28

    19,578     21,412

7.000%, 04/01/29

    15,746     17,206

7.000%, 05/01/29

    4,264     4,659

7.000%, 06/01/29

    30,248     33,052

7.000%, 07/01/29

    9,295     10,156

7.000%, 01/01/31

    197,653     215,544

7.000%, 12/01/31

    49,819     54,329

7.500%, 03/01/16

    46,904     50,792

7.500%, 08/01/24

    78,639     88,351

7.500%, 10/01/27

    45,222     50,448

7.500%, 10/01/29

    58,506     64,187

7.500%, 05/01/30

    30,548     33,513

8.000%, 02/01/27

    12,916     14,660

8.000%, 10/01/28

    23,791     26,985

Federal National Mortgage Association
1.750%, 08/10/12 (b)

    6,000,000     6,030,818

4.000%, 04/01/19

    1,474,650     1,508,609

4.000%, 05/01/19

    2,672,912     2,734,464

4.000%, 01/01/20

    1,488,123     1,516,917

4.000%, 06/01/24

    3,970,000     4,045,185

4.000%, 08/01/39

    4,102,486     4,069,634

4.000%, 09/01/39

    4,100,000     4,064,979

4.125%, 04/15/14 (b)

    2,350,000     2,522,641

4.375%, 03/15/13 (b)

    4,650,000     5,039,111

4.500%, 07/01/18

    3,081,970     3,254,637

4.500%, 05/01/19

    831,884     874,976

4.500%, 08/01/33

    1,349,123     1,374,954

4.500%, 10/01/33

    2,353,375     2,398,433

4.500%, 04/01/34

    1,917,226     1,952,135

4.500%, 01/01/39

    4,970,171     5,039,431

4.500%, 03/01/39

    5,004,828     5,069,355

4.500%, 09/01/39

    13,942,098     14,141,063

4.500%, TBA

    9,735,000     9,967,725

4.750%, 01/19/16

    2,850,000     3,113,186

5.000%, 06/01/18

    769,520     817,351
Security Description   Par
Amount
  Value
   

Federal Agencies—(Continued)

 

5.000%, 01/01/19

  $ 1,174,396   $ 1,243,902

5.000%, 02/01/20

    1,872,409     1,978,524

5.000%, 01/01/22

    3,433,011     3,611,941

5.000%, 02/01/24

    1,686,077     1,757,207

5.000%, 09/01/25

    1,766,284     1,840,941

5.000%, 07/01/33

    1,584,721     1,643,606

5.000%, 08/01/33

    2,374,162     2,462,381

5.000%, 09/01/33

    2,009,713     2,084,391

5.000%, 10/01/33

    7,732,434     8,019,759

5.000%, 03/01/34

    2,258,984     2,342,924

5.000%, 04/01/34

    5,084,401     5,270,988

5.000%, 05/01/34

    1,712,934     1,775,045

5.000%, 09/01/34

    3,495,608     3,622,360

5.000%, 02/01/35

    3,641,247     3,773,280

5.000%, 04/01/35

    2,063,660     2,137,163

5.000%, 05/01/35

    1,140,447     1,181,067

5.000%, 11/01/35

    2,005,419     2,076,847

5.125%, 04/15/11 (b)

    7,200,000     7,676,850

5.170%, 11/01/36 (a)

    1,135,465     1,193,513

5.375%, 06/12/17

    4,250,000     4,808,287

5.444%, 03/01/36 (a)

    3,020,978     3,173,972

5.500%, 03/15/11 (b)

    950,000     1,014,950

5.500%, 11/01/17

    947,931     1,016,206

5.500%, 02/01/18

    366,878     392,731

5.500%, 04/01/18

    1,999,847     2,140,769

5.500%, 07/01/23

    992,196     1,046,424

5.500%, 01/01/24

    529,518     558,459

5.500%, 07/01/24

    1,639,631     1,729,374

5.500%, 10/01/32

    514,515     540,834

5.500%, 02/01/33

    1,422,840     1,495,431

5.500%, 03/01/33

    2,759,296     2,900,069

5.500%, 05/01/33

    4,841,213     5,088,202

5.500%, 08/01/33

    4,381,640     4,605,182

5.500%, 10/01/33

    644,760     677,654

5.500%, 12/01/33

    4,602,830     4,837,657

5.500%, 02/01/34

    2,588,686     2,718,952

5.500%, 03/01/34

    1,477,954     1,552,326

5.500%, 04/01/34

    1,062,855     1,116,339

5.500%, 05/01/34

    1,654,414     1,737,666

5.500%, 09/01/34

    1,973,609     2,072,923

5.500%, 12/01/34

    5,490,811     5,767,115

5.500%, 01/01/35

    1,524,517     1,601,233

5.500%, 02/01/35

    3,230,875     3,393,457

5.500%, 04/01/35

    2,058,277     2,160,002

5.500%, 06/01/35

    6,674,728     7,004,610

5.500%, 06/13/35 (a)

    1,465,432     1,545,675

5.500%, 01/01/37

    6,140,719     6,428,553

5.500%, 05/01/37

    3,812,166     3,990,854

5.500%, 12/01/37

    5,416,274     5,679,417

5.500%, 05/01/38

    3,210,179     3,360,770

5.500%, 07/01/38

    3,781,070     3,958,441

6.000%, 09/01/13

    402,697     429,868

6.000%, 10/01/13

    251,424     268,388

6.000%, 03/01/14

    65,342     69,824

6.000%, 06/01/14

    7,632     8,156

6.000%, 07/01/14

    51,317     54,836

 

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-13


Table of Contents

Metropolitan Series Fund, Inc.

 

Barclays Capital Aggregate Bond Index Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Fixed Income—(Continued)

 

 

Security Description   Par
Amount
  Value
   

Federal Agencies—(Continued)

 

Federal National Mortgage Association
6.000%, 09/01/14

  $ 22,691   $ 24,247

6.000%, 09/01/17

    798,855     856,747

6.000%, 08/01/28

    20,059     21,425

6.000%, 11/01/28

    7,701     8,225

6.000%, 12/01/28

    7,978     8,521

6.000%, 06/01/31

    116,566     124,210

6.000%, 09/01/32

    726,940     774,134

6.000%, 01/01/33

    298,729     318,123

6.000%, 02/01/33

    557,917     593,440

6.000%, 03/01/33

    664,958     707,296

6.000%, 04/01/33

    674,173     717,098

6.000%, 05/01/33

    1,437,782     1,529,325

6.000%, 05/01/34

    2,143,171     2,276,117

6.000%, 09/01/34

    2,442,711     2,594,238

6.000%, 11/01/34

    3,328,855     3,535,351

6.000%, 01/01/35

    1,056,969     1,119,654

6.000%, 07/01/36

    2,415,489     2,554,330

6.000%, 09/01/36

    2,679,580     2,833,601

6.000%, 07/01/37

    3,366,326     3,557,248

6.000%, 08/01/37

    5,015,222     5,299,661

6.000%, 09/01/37

    11,147,547     11,779,782

6.210%, 08/06/38

    300,000     360,736

6.500%, 01/01/13

    5,139     5,492

6.500%, 04/01/13

    797     852

6.500%, 06/01/13

    36,196     38,683

6.500%, 07/01/13

    211     225

6.500%, 06/01/14

    16,929     18,111

6.500%, 04/01/17

    1,989,762     2,130,987

6.500%, 05/01/28

    290,298     313,737

6.500%, 12/01/28

    738,319     797,931

6.500%, 03/01/29

    24,839     26,823

6.500%, 04/01/29

    124,826     134,797

6.500%, 05/01/29

    15,229     16,446

6.500%, 08/01/29

    3,275     3,536

6.500%, 05/01/30

    232,123     250,663

6.500%, 09/01/31

    49,534     53,440

6.500%, 02/01/32

    8,866     9,577

6.500%, 06/01/32

    219,913     237,120

6.500%, 09/01/33

    586,062     630,598

6.500%, 10/01/33

    510,266     549,042

6.500%, 10/01/34

    1,647,078     1,772,243

6.500%, 10/01/37

    5,091,255     5,441,065

6.625%, 11/15/10 (b)

    3,400,000     3,630,358

6.625%, 11/15/30 (b)

    2,450,000     3,159,258

7.000%, 04/01/12

    10,909     11,334

7.000%, 02/01/14

    8,983     9,333

7.000%, 10/01/21

    65,257     72,373

7.000%, 06/01/26

    1,498     1,646

7.000%, 06/01/28

    85,642     94,452

7.000%, 09/01/29

    42,474     46,800

7.000%, 10/01/29

    46,742     51,504

7.000%, 12/01/29

    4,614     5,084

7.000%, 01/01/32

    399,191     438,722

7.000%, 04/01/32

    66,459     72,966

7.000%, 06/01/32

    244,939     268,921

7.000%, 10/01/37

    3,209,075     3,496,644
Security Description   Par
Amount
  Value
   

Federal Agencies—(Continued)

 

7.500%, 08/01/15

  $ 16,953   $ 18,406

7.500%, 09/01/25

    17,860     19,608

7.500%, 06/01/26

    19,195     21,064

7.500%, 09/01/27

    4,112     4,518

7.500%, 11/01/27

    531     583

7.500%, 08/01/28

    1,200     1,344

7.500%, 07/01/29

    45,861     50,388

7.500%, 10/01/29

    20,601     22,657

8.000%, 10/01/26

    1,656     1,875

8.000%, 11/01/29

    668     757

8.000%, 05/01/30

    36,987     40,384

8.000%, 11/01/30

    11,729     12,807

8.000%, 01/01/31

    14,857     16,222

8.000%, 02/01/31

    24,042     26,251

Government National Mortgage Association
4.000%, TBA

    3,050,000     3,047,139

4.500%, 01/15/39

    3,965,000     4,032,422

4.500%, 04/15/39

    2,983,888     3,034,627

4.500%, 05/15/39

    2,920,820     2,970,487

4.500%, 08/15/39

    3,993,499     4,060,889

5.000%, 10/15/20

    1,878,413     1,989,737

5.000%, 01/15/21

    1,479,629     1,567,320

5.000%, 12/15/35

    2,079,836     2,161,849

5.000%, 12/15/36

    2,512,250     2,606,651

5.000%, 02/15/39

    5,659,372     5,868,973

5.000%, 08/15/39

    3,875,541     4,022,084

5.500%, 03/15/36

    2,710,125     2,852,066

5.500%, 01/15/37

    4,147,348     4,358,448

5.500%, 11/15/37

    5,787,339     6,081,914

5.500%, 09/15/38

    3,968,819     4,170,171

6.000%, 01/15/29

    31,135     33,165

6.000%, 01/15/33

    944,049     1,008,834

6.000%, 03/15/35

    1,517,176     1,607,753

6.000%, 12/15/35

    1,805,687     1,913,488

6.000%, 06/15/36

    2,296,247     2,429,973

6.000%, 09/15/36

    2,786,715     2,949,004

6.000%, 07/15/38

    2,029,242     2,144,147

6.500%, 05/15/23

    8,817     9,479

6.500%, 02/15/27

    124,465     134,109

6.500%, 07/15/28

    23,084     25,063

6.500%, 08/15/28

    45,939     49,877

6.500%, 11/15/28

    29,985     32,555

6.500%, 12/15/28

    13,431     14,583

6.500%, 07/15/29

    9,596     10,419

6.500%, 06/20/31

    93,463     101,514

6.500%, 07/15/32

    78,603     84,801

6.500%, 05/15/36

    1,128,978     1,203,661

7.000%, 01/15/28

    6,881     7,567

7.000%, 04/15/28

    4,176     4,592

7.000%, 05/15/28

    33,635     36,989

7.000%, 06/15/28

    17,611     19,368

7.000%, 10/15/28

    14,808     16,284

7.000%, 06/15/29

    6,660     7,325

7.000%, 09/15/29

    37,230     40,948

7.000%, 01/15/31

    1,596     1,755

7.000%, 03/15/31

    40,917     44,991

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

Barclays Capital Aggregate Bond Index Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Fixed Income—(Continued)

 

 

Security Description   Par
Amount
  Value
   

Federal Agencies—(Continued)

 

Government National Mortgage Association
7.000%, 07/15/31

  $ 1,471,041   $ 1,617,511

7.000%, 08/15/31

    200,465     220,425

7.000%, 02/15/32

    162,897     177,042

7.000%, 07/15/32

    103,534     112,525

7.500%, 02/20/28

    9,463     10,563

7.500%, 08/15/29

    29,191     32,245

7.500%, 04/15/30

    9,984     11,194

8.000%, 09/15/16

    1,371     1,503

8.000%, 08/15/26

    6,508     7,384

8.000%, 09/15/26

    8,785     9,968

8.000%, 05/15/27

    5,299     6,017

8.000%, 06/15/29

    54,776     62,274

9.000%, 11/15/24

    37,693     42,536
       
      578,756,154
       

Food & Staples Retailing—0.2%

   

The Kroger Co.
5.500%, 02/01/13

    950,000     1,014,821

Wal-Mart Stores, Inc.
4.550%, 05/01/13

    2,075,000     2,218,483
       
      3,233,304
       

Food Products—0.6%

   

ConAgra Foods, Inc.
5.819%, 06/15/17

    2,000,000     2,135,385

General Mills, Inc.
6.000%, 02/15/12

    2,000,000     2,168,090

Kellogg Co.
6.600%, 04/01/11

    1,700,000     1,821,213

Kraft Foods, Inc.
6.250%, 06/01/12

    900,000     975,923
       
      7,100,611
       

Foreign Government—1.8%

   

Brazilian Government International Bond
6.000%, 01/17/17

    3,755,000     4,036,625

Italian Republic
4.500%, 01/21/15

    2,975,000     3,154,065

5.625%, 06/15/12 (b)

    3,650,000     4,002,784

Mexico Government International Bond
6.750%, 09/27/34 (b)

    1,050,000     1,138,798

8.000%, 09/24/22

    2,200,000     2,670,360

8.375%, 01/14/11 (b)

    250,000     271,250

Province of Ontario Canada
5.125%, 07/17/12 (b)

    2,000,000     2,179,413

Province of Quebec Canada
4.875%, 05/05/14 (b)

    1,925,000     2,093,973

6.125%, 01/22/11

    2,700,000     2,876,389
       
      22,423,657
       

Gas Utilities—0.0%

   

El Paso Natural Gas Co.
8.375%, 06/15/32

    220,000     264,186
       
Security Description   Par
Amount
  Value
   

Government Agency—0.1%

   

Tennessee Valley Authority
6.000%, 03/15/13

  $ 1,000,000   $ 1,126,942
       

Health Care Equipment & Supplies—0.1%

Baxter International, Inc.
5.375%, 06/01/18 (b)

    1,400,000     1,522,834
       

Household Products—0.4%

   

Kimberly-Clark Corp.
6.125%, 08/01/17 (b)

    2,500,000     2,825,720

Procter & Gamble Co.
4.950%, 08/15/14

    2,000,000     2,192,679

6.450%, 01/15/26

    200,000     233,323
       
      5,251,722
       

Industrial Conglomerates—0.4%

   

General Electric Co.
5.000%, 02/01/13 (b)

    930,000     981,911

Honeywell International, Inc.
5.000%, 02/15/19 (b)

    2,000,000     2,113,591

Tyco International, Ltd.
6.875%, 01/15/21

    1,275,000     1,419,929
       
      4,515,431
       

Insurance—0.3%

   

AXA Financial, Inc.
7.750%, 08/01/10

    500,000     521,361

AXA S.A.
8.600%, 12/15/30

    1,165,000     1,234,900

Chubb Corp.
6.000%, 11/15/11

    350,000     377,324

Hartford Financial Services Group, Inc.
6.100%, 10/01/41

    780,000     640,407

Prudential Financial, Inc.
5.700%, 12/14/36

    1,525,000     1,370,543

The Allstate Corp.
6.900%, 05/15/38 (b)

    150,000     176,499
       
      4,321,034
       

Machinery—0.2%

   

Caterpillar, Inc.
7.900%, 12/15/18 (b)

    1,757,000     2,157,082

Deere & Co.
6.950%, 04/25/14 (b)

    850,000     983,654
       
      3,140,736
       

Media—0.9%

   

Comcast Cable Communications Holdings, Inc.

 

8.375%, 03/15/13

    620,000     718,232

Comcast Corp.
5.300%, 01/15/14 (b)

    1,445,000     1,543,566

5.650%, 06/15/35 (b)

    1,500,000     1,480,355

Cox Communications, Inc.
7.750%, 11/01/10

    250,000     264,375

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

Barclays Capital Aggregate Bond Index Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Fixed Income—(Continued)

 

 

Security Description   Par
Amount
  Value
   

Media—(Continued)

   

News America, Inc.
6.550%, 03/15/33 (b)

  $ 1,950,000   $ 2,022,055

The Walt Disney Co.
6.375%, 03/01/12 (b)

    200,000     220,110

Thomson Reuters Corp.
6.200%, 01/05/12

    1,700,000     1,841,823

Time Warner Cable, Inc.
5.850%, 05/01/17

    100,000     104,612

6.550%, 05/01/37 (b)

    100,000     106,000

Time Warner Entertainment Co., L.P.
8.375%, 03/15/23

    380,000     447,105

Time Warner, Inc.
7.700%, 05/01/32

    685,000     760,038

9.125%, 01/15/13

    418,000     484,493

Turner Broadcasting System, Inc.
8.375%, 07/01/13

    660,000     760,328

Viacom, Inc.
6.250%, 04/30/16

    770,000     829,715
       
      11,582,807
       

Metals & Mining—0.3%

   

Alcoa, Inc.
5.375%, 01/15/13

    1,000,000     1,020,000

5.720%, 02/23/19

    523,000     473,315

5.870%, 02/23/22 (b)

    101,000     86,860

Rio Tinto Alcan, Inc.
5.000%, 06/01/15

    1,050,000     1,071,000

Vale Overseas, Ltd.
6.875%, 11/21/36

    1,100,000     1,128,523
       
      3,779,698
       

Multi-Utilities—0.4%

   

Dominion Resources, Inc.
5.150%, 07/15/15

    1,600,000     1,688,296

Pacific Gas & Electric Co.
4.800%, 03/01/14

    1,125,000     1,197,647

6.050%, 03/01/34

    2,195,000     2,403,769
       
      5,289,712
       

Multiline Retail—0.2%

   

Target Corp.
6.350%, 11/01/32

    2,300,000     2,460,471
       

Oil, Gas & Consumable Fuels—0.6%

   

ConocoPhillips Holding Co.
6.950%, 04/15/29

    700,000     811,606

Enterprise Products Operating, LLC
5.000%, 03/01/15

    2,000,000     2,040,858

6.300%, 09/15/17 (b)

    3,400,000     3,662,126

XTO Energy, Inc.
7.500%, 04/15/12

    715,000     793,339
       
      7,307,929
       
Security Description   Par
Amount
  Value
   

Pharmaceuticals—0.9%

   

Abbott Laboratories
5.125%, 04/01/19 (b)

  $ 2,850,000   $ 3,029,953

Bristol-Myers Squibb Co.
5.875%, 11/15/36

    2,000,000     2,227,055

Johnson & Johnson
5.950%, 08/15/37

    910,000     1,039,573

6.950%, 09/01/29 (b)

    250,000     311,117

Merck & Co., Inc.
5.950%, 12/01/28

    300,000     336,944

Schering-Plough Corp.
6.550%, 09/15/37 (b)

    1,000,000     1,210,037

Wyeth
5.500%, 02/01/14

    3,000,000     3,287,273
       
      11,441,952
       

Real Estate Investment Trusts—0.3%

   

Brandywine Operating Partnership, L.P.
5.750%, 04/01/12

    189,000     183,802

Regency Centers, L.P.
5.250%, 08/01/15

    850,000     788,375

Simon Property Group, L.P.
5.250%, 12/01/16 (b)

    3,000,000     2,971,902
       
      3,944,079
       

Road & Rail—0.3%

   

Burlington Northern Santa Fe Corp.
5.900%, 07/01/12

    1,000,000     1,087,379

7.000%, 02/01/14

    1,850,000     2,102,619

CSX Corp.
6.750%, 03/15/11

    200,000     213,223

7.900%, 05/01/17

    500,000     593,746

Norfolk Southern Corp.
5.590%, 05/17/25

    144,000     147,659

7.250%, 02/15/31 (b)

    156,000     195,842
       
      4,340,468
       

Software—0.2%

   

Oracle Corp.
5.250%, 01/15/16 (b)

    2,000,000     2,165,631
       

Specialty Retail—0.1%

   

Lowe’s Cos., Inc.
6.875%, 02/15/28

    1,000,000     1,170,770
       

U.S. Treasury—26.3%

   

U.S. Treasury Bonds
3.500%, 02/15/39 (b)

    2,080,000     1,884,501

4.500%, 02/15/36 (b)

    5,675,000     6,098,128

5.250%, 11/15/28 (b)

    2,700,000     3,135,564

5.250%, 02/15/29 (b)

    750,000     871,028

5.375%, 02/15/31 (b)

    9,525,000     11,323,033

5.500%, 08/15/28 (b)

    2,420,000     2,887,665

6.250%, 08/15/23 (b)

    7,700,000     9,657,648

6.375%, 08/15/27 (b)

    2,800,000     3,640,952

6.500%, 11/15/26 (b)

    1,000,000     1,308,790

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

Barclays Capital Aggregate Bond Index Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Fixed Income—(Continued)

 

 

Security Description   Par
Amount
  Value
   

U.S. Treasury—(Continued)

   

U.S. Treasury Bonds
7.250%, 08/15/22 (b)

  $ 6,120,000   $ 8,260,286

7.875%, 02/15/21 (b)

    4,450,000     6,206,549

8.000%, 11/15/21 (b)

    2,920,000     4,134,428

8.125%, 08/15/19 (b)

    2,645,000     3,687,077

8.125%, 08/15/21 (b)

    1,250,000     1,780,537

8.500%, 02/15/20 (b)

    6,700,000     9,619,592

8.750%, 08/15/20 (b)

    1,000,000     1,466,510

8.875%, 02/15/19 (b)

    10,215,000     14,780,595

9.125%, 05/15/18 (b)

    1,600,000     2,316,352

9.250%, 02/15/16

    1,375,000     1,894,888

U.S. Treasury Notes
0.875%, 01/31/11 (b)

    5,000,000     5,020,700

0.875%, 03/31/11 (b)

    10,000,000     10,032,900

1.125%, 06/30/11 (b)

    8,970,000     9,022,026

1.375%, 03/15/12 (b)

    28,800,000     28,941,120

1.375%, 05/15/12 (b)

    11,950,000     11,990,032

2.000%, 11/30/13

    6,000,000     6,007,380

2.375%, 08/31/14

    9,950,000     9,987,511

2.625%, 06/30/14 (b)

    12,000,000     12,214,800

2.625%, 02/29/16 (b)

    2,510,000     2,483,921

2.875%, 01/31/13 (b)

    6,000,000     6,257,640

3.125%, 05/15/19 (b)

    3,000,000     2,952,210

3.375%, 11/30/12 (b)

    7,010,000     7,423,660

3.375%, 06/30/13 (b)

    4,650,000     4,922,536

3.500%, 05/31/13 (b)

    9,170,000     9,748,811

3.500%, 02/15/18

    4,000,000     4,086,160

3.625%, 06/15/10 (b)

    16,200,000     16,582,644

4.000%, 11/15/12 (b)

    7,250,000     7,818,762

4.000%, 02/15/14 (b)

    600,000     649,050

4.125%, 08/15/10 (b)

    1,000,000     1,032,610

4.250%, 10/15/10 (b)

    5,000,000     5,200,050

4.250%, 01/15/11 (b)

    9,100,000     9,532,978

4.250%, 09/30/12 (b)

    5,000,000     5,418,600

4.250%, 08/15/13 (b)

    14,980,000     16,336,739

4.250%, 08/15/14 (b)

    4,430,000     4,843,585

4.250%, 11/15/17 (b)

    4,700,000     5,065,472

4.375%, 08/15/12 (b)

    5,000,000     5,428,450

4.500%, 11/15/15 (b)

    8,950,000     9,870,687

4.750%, 08/15/17 (b)

    7,140,000     7,957,887

4.875%, 02/15/12 (b)

    4,500,000     4,895,280

5.000%, 02/15/11 (b)

    1,000,000     1,060,340

5.000%, 08/15/11 (b)

    3,500,000     3,770,725

5.125%, 05/15/16 (b)

    4,830,000     5,510,596
       
      337,019,985
       

Wireless Telecommunication Services—0.4%

AT&T Mobility, LLC
7.125%, 12/15/31 (b)

    100,000     114,399

New Cingular Wireless Services, Inc.
7.875%, 03/01/11 (b)

    890,000     965,764

8.125%, 05/01/12

    500,000     570,785

8.750%, 03/01/31

    300,000     396,615

Vodafone Group, Plc.
6.150%, 02/27/37 (b)

    3,170,000     3,367,598
       
      5,415,161
       
Security Description   Par
Amount
  Value  
   

Yankee—0.9%

 

Apache Finance Canada Corp.
7.750%, 12/15/29

  $ 300,000   $ 375,402   

ConocoPhillips Canada Funding Co. I 5.950%, 10/15/36

    3,050,000     3,220,844   

EnCana Corp.
4.750%, 10/15/13

    2,000,000     2,090,368   

Hydro-Quebec
7.500%, 04/01/16

    1,350,000     1,587,862   

8.400%, 01/15/22

    1,000,000     1,351,533   

Inter-American Development Bank
6.800%, 10/15/25

    500,000     608,255   

7.000%, 06/15/25

    200,000     253,540   

International Bank for Reconstruction & Development

 

8.875%, 03/01/26

    535,000     775,304   

Province of Nova Scotia Canada
9.250%, 03/01/20

    250,000     342,628   

Province of Quebec Canada
7.500%, 07/15/23

    350,000     439,760   

StatoilHydro ASA
6.700%, 01/15/18

    300,000     351,834   
         
      11,397,330   
         

Total Fixed Income
(Identified Cost $1,199,394,778)

      1,254,807,764   
         
Short Term Investments—15.3%   

Discount Notes—2.8%

   

Federal Home Loan Bank
0.010%, 10/14/09

    10,000,000     9,999,639   

0.010%, 10/28/09

    25,900,000     25,898,640   
         
      35,898,279   
         

Mutual Funds—12.5%

   

State Street Navigator Securities Lending Prime Portfolio (c)

    160,250,019     160,250,019   
         

Total Short Term Investments
(Identified Cost $196,148,298)

      196,148,298   
         

Total Investments—113.4%
(Identified Cost $1,395,543,076) (d)

      1,450,956,062   

Liabilities in excess of other assets

      (171,790,452
         
Net Assets—100%     $ 1,279,165,610   
         

 

(a) Variable or Floating Rate Security. Rate disclosed is as of September 30, 2009.
(b) All or a portion of the security was on loan. As of September 30, 2009, the market value of securities loaned was $158,320,807 and the collateral received consisted of cash in the amount of $160,250,019 and non-cash collateral with a value of $1,362,085. 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-17


Table of Contents

Metropolitan Series Fund, Inc.

 

Barclays Capital Aggregate Bond Index Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

 

 

(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, 2009 was $1,395,543,076 and the composition of unrealized appreciation and depreciation of investment securities was $60,848,521 and $(5,435,535), respectively.

 

VALUATION INPUTS

 

The Portfolio is subject to the provisions of the Statement of Financial Accounting Standards No. 157, Fair Value Measurements (“FAS 157”). FAS 157 establishes a framework for measuring fair value and expands disclosures about fair value measurements in 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 Portfolio’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 investments as of September 30, 2009:

 

Description    Level 1    Level 2    Level 3    Total

Total Fixed Income

   $ —      $ 1,254,807,764    $ —      $ 1,254,807,764
Short Term Investments            

Discount Notes

     —        35,898,279      —        35,898,279

Mutual Funds

     160,250,019      —        —        160,250,019

Total Short Term Investments

     160,250,019      35,898,279      —        196,148,298

Total Investments

   $ 160,250,019    $ 1,290,706,043    $ —      $ 1,450,956,062
                             

 

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-18


Table of Contents

Metropolitan Series Fund, Inc.

 

BlackRock Aggressive Growth Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—97.5% of Net Assets

 

 

Security Description   Shares   Value
   

Aerospace & Defense—4.9%

   

BE Aerospace, Inc. (a)

  785,400   $ 15,817,956

Goodrich Corp.

  76,000     4,129,840

Precision Castparts Corp.

  101,300     10,319,431

Spirit Aerosystems Holdings, Inc. (a)

  557,300     10,064,838
       
      40,332,065
       

Biotechnology—2.4%

   

Dendreon Corp. (a) (b)

  263,400     7,372,566

Myriad Genetics, Inc. (a)

  138,900     3,805,860

OSI Pharmaceuticals, Inc. (a) (b)

  240,700     8,496,710
       
      19,675,136
       

Capital Markets—3.4%

   

Greenhill & Co., Inc.

  75,400     6,754,332

Invesco, Ltd.

  600,421     13,665,582

Northern Trust Corp.

  132,400     7,700,384
       
      28,120,298
       

Chemicals—4.1%

   

Agrium, Inc. (b)

  288,600     14,369,394

Airgas, Inc.

  138,000     6,675,060

Celanese Corp. (Series A)

  487,300     12,182,500
       
      33,226,954
       

Commercial Banks—0.8%

   

KeyCorp.

  1,005,500     6,535,750
       

Commercial Services & Supplies—0.7%

   

Iron Mountain, Inc. (a)

  228,800     6,099,808
       

Communications Equipment—1.7%

   

Harris Corp.

  246,564     9,270,806

Juniper Networks, Inc. (a)

  168,200     4,544,764
       
      13,815,570
       

Construction & Engineering—1.6%

   

Quanta Services, Inc. (a)

  581,100     12,859,743
       

Diversified Financial Services—3.0%

   

CME Group, Inc.

  29,930     9,224,127

MSCI, Inc. (a)

  509,000     15,076,580
       
      24,300,707
       

Electrical Equipment—1.2%

   

A123 Systems, Inc. (a) (b)

  40,100     854,932

Ametek, Inc.

  252,400     8,811,284
       
      9,666,216
       

Electronic Equipment, Instruments & Components —2.5%

Amphenol Corp. (Class A)

  419,900     15,821,832

Cogent, Inc. (a) (b)

  450,500     4,550,050
       
      20,371,882
       
Security Description   Shares   Value
   

Energy Equipment & Services—2.8%

   

Noble Corp.

  343,800   $ 13,050,648

Superior Energy Services, Inc. (a)

  436,400     9,827,728
       
      22,878,376
       

Food Products—0.9%

   

Dean Foods Co. (a)

  390,800     6,952,332
       

Health Care Equipment & Supplies—3.2%

   

Gen-Probe, Inc. (a) (b)

  178,000     7,376,320

Hologic, Inc. (a)

  520,300     8,501,702

Inverness Medical Innovations, Inc. (a)

  265,700     10,290,561
       
      26,168,583
       

Health Care Providers & Services—6.6%

   

Lincare Holdings, Inc. (a) (b)

  412,400     12,887,500

Magellan Health Services, Inc. (a)

  260,000     8,075,600

Medco Health Solutions, Inc. (a)

  280,800     15,531,048

Mednax, Inc. (a) (b)

  322,100     17,689,732
       
      54,183,880
       

Hotels, Restaurants & Leisure—4.0%

   

Bally Technologies, Inc. (a)

  110,300     4,232,211

Darden Restaurants, Inc.

  331,100     11,300,443

Scientific Games Corp. (a)

  1,055,100     16,702,233
       
      32,234,887
       

Household Durables—1.1%

   

NVR, Inc. (a) (b)

  13,800     8,795,706
       

Household Products—1.3%

   

Church & Dwight Co., Inc.

  182,700     10,366,398
       

Insurance—1.0%

   

RenaissanceRe Holdings, Ltd.

  145,500     7,967,580
       

IT Services—7.3%

   

Amdocs, Ltd. (a)

  759,950     20,427,456

Fidelity National Information Services, Inc. (b)

  162,600     4,147,926

Gartner, Inc. (Class A) (a)

  337,000     6,156,990

Genpact, Ltd. (a)

  627,600     7,719,480

Lender Processing Services, Inc.

  441,650     16,857,781

TeleTech Holdings, Inc. (a)

  229,800     3,920,388
       
      59,230,021
       

Machinery—3.8%

   

Joy Global, Inc.

  203,100     9,939,714

Oshkosh Corp.

  350,800     10,850,244

Pentair, Inc.

  356,100     10,512,072
       
      31,302,030
       

Media—2.6%

   

CKX, Inc. (a) (b)

  1,069,400     7,175,674

DreamWorks Animation SKG, Inc. (a)

  405,200     14,412,964
       
      21,588,638
       

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

BlackRock Aggressive Growth Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—(Continued)

 

 

Security Description   Shares   Value
   

Metals & Mining—0.6%

   

Century Aluminum Co. (a) (b)

  510,698   $ 4,775,026
       

Oil, Gas & Consumable Fuels—4.5%

   

Consol Energy, Inc.

  286,500     12,924,015

Plains Exploration & Production Co. (a)

  318,500     8,809,710

The Williams Cos., Inc.

  427,600     7,641,212

Ultra Petroleum Corp. (a)

  155,500     7,613,280
       
      36,988,217
       

Personal Products—1.9%

   

Avon Products, Inc.

  454,900     15,448,404
       

Pharmaceuticals—4.0%

   

Allergan, Inc.

  120,800     6,856,608

Medicis Pharmaceutical Corp. (b)

  525,500     11,219,425

Shire, Plc. (ADR)

  280,700     14,677,803
       
      32,753,836
       

Professional Services—2.6%

   

IHS, Inc. (a) (b)

  246,000     12,577,980

Manpower, Inc.

  145,900     8,273,989
       
      20,851,969
       

Real Estate Investment Trusts—0.7%

   

Chimera Investment Corp.

  1,544,800     5,901,136
       

Semiconductors & Semiconductor Equipment—6.6%

Broadcom Corp. (a)

  551,800     16,934,742

Lam Research Corp. (a) (b)

  445,700     15,225,112

ON Semiconductor Corp. (a)

  858,500     7,082,625

PMC-Sierra, Inc. (a)

  1,552,390     14,840,848
       
      54,083,327
       

Software—6.1%

   

Adobe Systems, Inc. (a)

  490,440     16,204,138

CA, Inc.

  185,700     4,083,543

Intuit, Inc. (a)

  299,100     8,524,350

Salesforce.com, Inc. (a) (b)

  155,300     8,841,229

TiVo, Inc. (a) (b)

  1,190,300     12,331,508
       
      49,984,768
       

Specialty Retail—7.1%

   

American Eagle Outfitters, Inc.

  526,200     8,871,732

Bed Bath & Beyond, Inc. (a)

  324,500     12,181,730

GameStop Corp. (Class A) (a) (b)

  541,100     14,322,917

Staples, Inc.

  451,700     10,488,474

The TJX Cos., Inc.

  333,400     12,385,810
       
      58,250,663
       

Textiles, Apparel & Luxury Goods—1.3%

   

lululemon athletica, inc. (a)

  482,200     10,970,050
       
Security Description   Shares   Value  
   

Wireless Telecommunication Services—1.2%

 

American Tower Corp. (Class A) (a)

    259,527   $ 9,446,783   
         

Total Common Stock
(Identified Cost $767,860,371)

      796,126,739   
         
Mutual Funds—1.0%   

Exchange Traded Funds—1.0%

 

iShares Russell Midcap Growth Index Fund (b)

    201,400     8,565,542   
         

Total Mutual Funds
(Identified Cost $10,276,636)

      8,565,542   
         
Short Term Investments—13.0%  
Security Description   Shares/Par
Amount
  Value  

Mutual Funds—10.9%

   

State Street Navigator Securities Lending Prime Portfolio (c)

    89,206,566     89,206,566   
         

Repurchase Agreement—2.1%

   

State Street Repurchase Agreement dated 09/30/09 at 0.010% to be repurchased at $16,807,005 on 10/01/09, collateralized by $17,125,000 Federal Home Loan Mortgage Corp. due 04/01/11 with a value of $17,146,406.

  $ 16,807,000     16,807,000   
         

Total Short Term Investments
(Identified Cost $106,013,566)

      106,013,566   
         

Total Investments—111.5%
(Identified Cost $884,150,573) (d)

      910,705,847   

Liabilities in excess of other assets

      (94,096,533
         
Net Assets—100%     $ 816,609,314   
         

 

(a) Non-Income Producing.
(b) All or a portion of the security was on loan. As of September 30, 2009, the market value of securities loaned was $86,807,941 and the collateral received consisted of cash in the amount of $89,206,566. 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, 2009 was $890,761,438 and the composition of unrealized appreciation and depreciation of investment securities was $99,055,902 and $(79,111,493), 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-20


Table of Contents

Metropolitan Series Fund, Inc.

 

BlackRock Aggressive Growth Portfolio

 

 

VALUATION INPUTS

 

The Portfolio is subject to the provisions of the Statement of Financial Accounting Standards No. 157, Fair Value Measurements (“FAS 157”). FAS 157 establishes aframework for measuring fair value and expands disclosures about fair value measurements in 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 Portfolio’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 investments as of September 30, 2009:

 

Description    Level 1    Level 2    Level 3    Total

Total Common Stock

   $ 796,126,739    $ —      $ —      $ 796,126,739

Total Mutual Funds

     8,565,542      —        —        8,565,542
Short Term Investments            

Mutual Funds

     89,206,566      —        —        89,206,566

Repurchase Agreement

     —        16,807,000      —        16,807,000

Total Short Term Investments

     89,206,566      16,807,000      —        106,013,566

Total Investments

   $ 893,898,847    $ 16,807,000    $ —      $ 910,705,847
                             

 

MSF-21


Table of Contents

Metropolitan Series Fund, Inc.

 

BlackRock Bond Income Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Fixed Income—104.7% of Net Assets

 

 

Security Description   Par
Amount
  Value
   

Aerospace & Defense—0.1%

   

L-3 Communications Corp.
5.875%, 01/15/15

  $ 370,000   $ 368,150

6.375%, 10/15/15

    650,000     656,500

Northrop Grumman Systems Corp.
7.125%, 02/15/11

    1,000,000     1,071,782
       
      2,096,432
       

Asset Backed—5.7%

   

Bank of America Auto Trust (144A)
2.130%, 09/16/13

    13,720,000     13,743,793

Centex Home Equity
2.296%, 12/25/32 (a)

    625,393     85,984

Chase Funding Mortgage Loan Asset-Backed Certificates

 

5.833%, 04/25/32 (a)

    1,088,006     823,342

Chase Issuance Trust
0.694%, 09/17/12 (a)

    16,590,000     16,602,302

4.230%, 01/15/13 (a)

    2,115,000     2,163,021

Countrywide Asset-Backed Certificates
0.396%, 07/25/36 (a)

    6,812,130     4,472,289

DT Auto Owner Trust (144A)
5.603%, 03/15/13

    5,697,807     5,756,210

Ford Credit Auto Owner Trust
6.070%, 05/15/14

    10,445,000     11,358,823

Honda Auto Receivables Owner Trust
2.790%, 05/16/12

    9,875,000     10,106,120

Knollwood CDO, Ltd. (144A)
3.748%, 02/08/39 (a) (b) (c)

    630,269     0

Merrill Lynch First Franklin Mortgage Loan Trust

 

0.366%, 04/25/37 (a)

    1,295,128     1,186,764

Nissan Auto Receivables Owner Trust
3.200%, 02/15/13

    6,860,000     7,060,576

Option One Mortgage Loan Trust
1.371%, 01/25/33 (a)

    255,361     117,997

SLM Student Loan Trust
0.584%, 04/26/21 (a)

    3,340,000     3,310,692

1.604%, 10/25/16 (a)

    970,000     985,896

1.804%, 01/25/28 (a)

    3,620,000     3,707,442

2.204%, 07/25/23 (a)

    9,750,000     10,100,213

Structured Asset Investment Loan Trust
3.171%, 04/25/33 (a)

    59,325     10,130

Wachovia Auto Owner Trust
5.380%, 03/20/13

    6,068,049     6,235,925
       
      97,827,519
       

Capital Markets—2.0%

   

Credit Suisse USA, Inc.
6.125%, 11/15/11

    1,600,000     1,727,176

Lehman Brothers Holdings, Inc.
6.750%, 12/28/17 (d)

    4,775,000     478

Morgan Stanley
0.788%, 01/09/12 (a)

    2,140,000     2,082,772

5.050%, 01/21/11

    6,800,000     7,033,886

5.625%, 01/09/12

    1,290,000     1,366,883

5.625%, 09/23/19

    5,150,000     5,063,990

6.250%, 08/28/17

    3,840,000     3,996,902
Security Description   Par
Amount
  Value
   

Capital Markets—(Continued)

 

The Bank of New York Mellon Corp.
4.300%, 05/15/14

  $ 7,725,000   $ 8,180,389

The Bear Stearns Cos., LLC
0.910%, 07/19/10 (a)

    2,040,000     2,045,000

The Goldman Sachs Group, Inc.
3.625%, 08/01/12

    2,755,000     2,828,280
       
      34,325,756
       

Collateralized-Mortgage Obligation—4.5%

Banc of America Alternative Loan Trust
5.500%, 10/25/35

    7,621,196     6,082,014

Bear Stearns Adjustable Rate Mortgage Trust

 

5.411%, 02/25/47 (a)

    1,681,074     1,015,428

5.465%, 11/25/34 (a)

    2,933,270     2,378,241

CitiMortgage Alternative Loan Trust
6.000%, 10/25/37

    9,092,929     6,865,161

Countrywide Alternative Loan Trust
0.336%, 11/25/36 (a)

    709,242     657,232

0.436%, 03/20/47 (a)

    4,167,449     2,107,052

5.500%, 11/25/35

    4,207,421     3,348,844

5.500%, 04/25/37

    3,978,280     2,489,715

Countrywide Home Loan Mortgage Pass-Through Trust

 

0.446%, 04/25/46 (a)

    1,752,127     832,225

6.500%, 10/25/37

    4,819,713     3,946,140

Credit Suisse Mortgage Capital Certificates 6.000%, 10/25/21

    2,051,257     1,364,086

6.000%, 02/25/37

    3,620,321     2,702,644

Deutsche ALT-A Securities, Inc. Alternate Loan Trust

 

0.446%, 02/25/47 (a)

    1,452,422     700,477

0.646%, 04/25/35 (a)

    2,204,485     1,119,687

GSR Mortgage Loan Trust
5.239%, 11/25/35 (a)

    4,395,197     3,887,864

6.000%, 07/25/37

    5,194,455     4,285,425

Harborview Mortgage Loan Trust
0.416%, 12/19/36 (a)

    7,915,282     3,848,696

0.556%, 11/19/35 (a)

    2,943,176     1,687,346

0.576%, 09/19/35 (a)

    469,513     251,309

Indymac INDA Mortgage Loan Trust
5.858%, 09/25/36 (a)

    2,921,520     1,954,955

JPMorgan Mortgage Trust
5.500%, 03/25/22

    854,817     724,457

5.875%, 07/25/36

    988,485     904,464

6.500%, 08/25/36

    4,906,165     3,652,158

Merrill Lynch Mortgage Investors, Inc.
5.798%, 05/25/36 (a)

    6,057,409     3,377,950

Structured Adjustable Rate Mortgage Loan Trust

 

5.407%, 04/25/37 (a)

    3,310,940     2,241,996

WaMu Mortgage Pass-Through Certificates
1.801%, 06/25/47 (a)

    1,793,794     807,616

1.821%, 05/25/47 (a)

    2,086,444     1,008,739

2.909%, 06/25/33 (a)

    556,626     163,231

4.912%, 08/25/35 (a)

    3,038,686     2,612,064

Wells Fargo Mortgage Backed Securities Trust

 

5.500%, 03/25/36

    3,214,405     2,807,677

5.775%, 04/25/36 (a)

    2,903,000     2,143,557

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

BlackRock Bond Income Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Fixed Income—(Continued)

 

 

Security Description   Par
Amount
  Value
   

Collateralized-Mortgage Obligation—(Continued)

 

Wells Fargo Mortgage Backed Securities Trust

 

6.000%, 08/25/36

  $ 3,448,683   $ 2,923,184

6.098%, 09/25/36 (a)

    2,731,643     2,156,587
       
      77,048,221
       

Commercial Banks—3.2%

 

Barclays Bank, Plc. (144A)
5.926%, 12/31/49

    2,540,000     1,879,600

7.434%, 09/29/49 (a)

    3,755,000     3,285,625

Citibank N.A.
1.375%, 08/10/11

    25,600,000     25,691,546

Eksportfinans A/S
5.500%, 05/25/16

    4,100,000     4,428,709

HSBC Bank USA, N.A.
5.875%, 11/01/34

    2,300,000     2,349,875

JPMorgan Chase Bank N.A.
6.000%, 07/05/17

    6,325,000     6,643,413

Landwirtschaftliche Rentenbank
4.000%, 02/02/15

    1,165,000     1,211,963

4.125%, 07/15/13

    580,000     611,184

4.375%, 01/15/13

    1,280,000     1,367,340

5.250%, 07/02/12

    2,000,000     2,179,506

Royal Bank of Scotland Group, Plc.
5.050%, 01/08/15

    2,300,000     2,063,312

The Royal Bank of Scotland, Plc. (144A)
2.625%, 05/11/12

    1,510,000     1,532,434

U.S. Bank N.A.
4.950%, 10/30/14

    2,300,000     2,467,373
       
      55,711,880
       

Commercial Mortgage-Backed Securities—9.0%

 

Banc of America Commercial Mortgage, Inc.

 

4.621%, 07/10/43

    5,225,000     5,189,617

5.356%, 12/10/16

    4,785,000     4,073,182

6.186%, 06/11/35

    5,530,000     5,818,312

Chase Commerical Mortgage Securities Corp.

 

7.319%, 10/15/32

    2,068,200     2,138,128

Citigroup Commercial Mortgage Trust
5.431%, 10/15/49

    1,230,000     1,111,574

Commercial Mortgage Pass-Through Certificates

 

5.167%, 06/10/44 (a)

    7,050,000     5,710,855

CS First Boston Mortgage Securities Corp.
3.936%, 05/15/38 (a)

    10,000,000     9,842,290

4.940%, 12/15/35

    7,295,000     7,551,289

DLJ Commercial Mortgage Corp.
7.180%, 11/10/33

    5,322,519     5,480,296

First Union National Bank Commercial Mortgage (144A)

 

7.793%, 12/15/31 (a)

    9,412,000     9,408,598

GE Capital Commercial Mortgage Corp.
4.578%, 06/10/48

    5,200,000     5,144,973

GMAC Commercial Mortgage Securities, Inc.

 

5.134%, 08/10/38 (a)

    3,000,000     3,053,700

6.465%, 04/15/34

    6,108,746     6,331,000

6.957%, 09/15/35

    7,121,681     7,402,588

7.455%, 08/16/33

    3,583,121     3,673,783
Security Description   Par
Amount
  Value
   

Commercial Mortgage-Backed Securities—(Continued)

JPMorgan Chase Commercial Mortgage Securities Corp.

 

4.996%, 08/15/42 (a)

  $ 2,300,000   $ 2,051,698

5.827%, 02/15/51 (a)

    3,125,000     3,106,672

5.857%, 10/12/35

    5,710,000     6,012,978

5.991%, 06/15/49 (a)

    3,825,000     3,834,823

JPMorgan Chase Commercial Mortgage Securities Corp. (144A)

4.158%, 01/12/39

    4,479,536     4,158,835

LB-UBS Commercial Mortgage Trust
4.071%, 09/15/26

    1,261,866     1,286,873

4.559%, 07/17/12 (a)

    4,075,000     4,127,587

5.430%, 02/17/40 (a)

    16,920,000     13,730,006

5.642%, 12/15/25

    1,486,559     1,531,584

5.866%, 09/15/45

    6,725,000     5,935,053

7.950%, 05/15/25 (a)

    2,973,866     2,997,405

LB-UBS Commercial Mortgage Trust (144A)
6.155%, 07/14/16

    1,245,263     1,290,057

Morgan Stanley Capital I
5.693%, 10/15/42

    2,695,000     2,719,849

5.810%, 04/12/49 (a)

    1,390,000     1,331,995

Salomon Brothers Mortgage Securities VII, Inc.

 

6.499%, 10/13/11

    5,322,689     5,622,024

6.592%, 12/18/33

    4,949,472     5,073,029

Wachovia Bank Commercial Mortgage Trust
5.924%, 06/15/49 (a)

    3,600,000     3,529,665

6.100%, 02/15/51 (a)

    4,300,000     3,540,698

WaMu Commercial Mortgage Securities Trust (144A)

 

5.150%, 05/25/36

    2,682,670     2,731,253
       
      156,542,269
       

Commercial Services & Supplies—0.1%

 

The Board of Trustees of The Leland Stanford Junior University

 

4.750%, 05/01/19

    1,200,000     1,264,128
       

Consumer Finance—0.4%

 

SLM Corp.
0.664%, 07/26/10 (a)

    5,145,000     4,887,652

5.400%, 10/25/11

    2,470,000     2,279,119
       
      7,166,771
       

Containers & Packaging—0.2%

 

Ball Corp.
7.125%, 09/01/16

    1,355,000     1,382,100

7.375%, 09/01/19

    1,355,000     1,375,325
       
      2,757,425
       

Diversified Financial Services—10.5%

 

AES Ironwood, LLC
8.857%, 11/30/25

    164,360     150,801

AES Red Oak, LLC
9.200%, 11/30/29

    85,000     78,413

Anadarko Finance Co.
6.750%, 05/01/11

    1,900,000     2,019,155

Bank of America Corp.
5.375%, 06/15/14

    3,100,000     3,203,664

5.650%, 05/01/18

    1,285,000     1,268,796

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

BlackRock Bond Income Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Fixed Income—(Continued)

 

 

Security Description   Par
Amount
  Value
   

Diversified Financial Services—(Continued)

 

Belvoir Land, LLC (144A)
5.270%, 12/15/47

  $ 900,000   $ 614,106

Berkshire Hathaway Finance Corp.
4.750%, 05/15/12

    2,100,000     2,248,355

BP Capital Markets, Plc.
3.125%, 03/10/12

    5,445,000     5,625,093

CIT Group, Inc.
4.250%, 02/01/10

    435,000     313,620

4.750%, 12/15/10

    475,000     328,140

5.400%, 02/13/12

    435,000     285,502

5.800%, 07/28/11

    560,000     380,869

Citigroup Funding, Inc.
1.875%, 10/22/12

    14,200,000     14,227,505

2.125%, 07/12/12

    7,135,000     7,213,763

Credit Suisse Guernsey, Ltd.
5.860%, 05/29/49 (a)

    5,320,000     4,043,200

Daimler Finance North America, LLC
7.300%, 01/15/12

    3,800,000     4,099,429

Devon Financing Corp.
6.875%, 09/30/11

    2,800,000     3,046,210

General Electric Capital Corp.
2.000%, 09/28/12

    9,050,000     9,100,436

2.125%, 12/21/12

    19,050,000     19,223,031

2.250%, 03/12/12

    9,050,000     9,213,434

2.625%, 12/28/12

    12,050,000     12,345,840

5.000%, 11/15/11

    16,940,000     17,830,248

5.000%, 04/10/12

    2,135,000     2,210,754

6.375%, 11/15/67 (a)

    2,940,000     2,432,850

GlaxoSmithKline Capital, Inc.
4.850%, 05/15/13

    3,475,000     3,733,307

Goldman Sachs Capital II
5.793%, 12/29/49 (a)

    2,435,000     1,753,200

Icahn Enterprises, L.P.
8.125%, 06/01/12

    225,000     223,031

Irwin Land, LLC (144A)
5.400%, 12/15/47

    1,650,000     1,129,755

Japan Finance Corp.
2.000%, 06/24/11

    4,420,000     4,476,501

JPMorgan Chase & Co.
2.200%, 06/15/12

    10,000,000     10,171,100

7.900%, 12/31/49 (a)

    1,775,000     1,704,302

JPMorgan Chase Capital XXV
6.800%, 10/01/37

    7,435,000     7,482,331

Shell International Finance BV
4.000%, 03/21/14

    6,350,000     6,670,142

Sprint Capital Corp.
8.375%, 03/15/12

    200,000     206,500

Telecom Italia Capital S.A.
4.000%, 01/15/10

    2,000,000     2,013,680

5.250%, 11/15/13

    850,000     894,152

5.250%, 10/01/15

    1,100,000     1,138,798

Verizon Wireless Capital, LLC (144A)
3.750%, 05/20/11

    15,290,000     15,775,106

8.500%, 11/15/18

    2,100,000     2,622,127

Wind Acquisition Finance S.A. (144A)
10.750%, 12/01/15

    100,000     110,000
Security Description   Par
Amount
  Value
   

Diversified Financial Services—(Continued)

 

ZFS Finance USA Trust I (144A)
6.500%, 05/09/37 (a)

  $ 537,000   $ 434,970
       
      182,042,216
       

Diversified Telecommunication Services—1.5%

 

AT&T, Inc.
6.500%, 09/01/37

    7,275,000     7,817,038

Cincinnati Bell, Inc.
7.250%, 07/15/13

    80,000     81,200

Qwest Communications International, Inc.
7.500%, 02/15/14

    405,000     399,938

Qwest Communications International, Inc. (Series B)

 

7.500%, 02/15/14

    175,000     172,813

Qwest Corp.
3.549%, 06/15/13 (a)

    415,000     388,025

8.875%, 03/15/12

    595,000     626,237

Telefonica Emisiones SAU
4.949%, 01/15/15

    5,475,000     5,807,924

Verizon Communications, Inc.
8.750%, 11/01/18

    8,150,000     10,181,387

Windstream Corp.
8.125%, 08/01/13

    1,030,000     1,058,325

8.625%, 08/01/16

    305,000     311,863
       
      26,844,750
       

Electric Utilities—0.9%

 

Elwood Energy, LLC
8.159%, 07/05/26

    191,343     168,549

Florida Power & Light Co.
5.625%, 04/01/34

    475,000     513,205

5.950%, 02/01/38

    1,330,000     1,509,412

Florida Power Corp.
6.400%, 06/15/38

    2,850,000     3,371,516

MidAmerican Energy Holdings Co.
5.950%, 05/15/37

    1,650,000     1,740,402

6.500%, 09/15/37

    1,900,000     2,152,052

Niagara Mohawk Power Corp. (144A)
3.553%, 10/01/14

    2,000,000     2,012,098

PECO Energy Co.
4.750%, 10/01/12

    947,000     995,839

Southern California Edison Co.
5.950%, 02/01/38

    1,100,000     1,248,385

Texas Competitive Electric Holdings Co., LLC

 

10.250%, 11/01/15

    1,832,000     1,319,040
       
      15,030,498
       

Energy Equipment & Services—0.1%

 

Kinder Morgan Energy Partners, L.P.
5.125%, 11/15/14

    1,000,000     1,039,072

Tennessee Gas Pipeline Co.
7.000%, 10/15/28

    500,000     532,780
       
      1,571,852
       

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

BlackRock Bond Income Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Fixed Income—(Continued)

 

 

Security Description   Par
Amount
  Value
   

Federal Agencies—41.6%

 

Federal Home Loan Bank
5.000%, 02/01/22

  $ 4,507,005   $ 4,751,722

5.000%, 04/01/22

    4,479,123     4,722,326

5.391%, 05/01/36 (a)

    6,588,675     6,898,694

Federal Home Loan Mortgage Corp.
1.750%, 06/15/12 (e)

    6,100,000     6,132,202

4.783%, 03/01/35 (a)

    6,697,304     6,933,488

5.000%, TBA

    4,100,000     4,273,187

5.500%, TBA

    7,900,000     8,355,719

6.000%, TBA

    4,300,000     4,575,467

Federal National Mortgage Association
4.000%, TBA

    18,500,000     18,518,910

4.500%, 12/01/20

    14,346,494     15,110,193

4.500%, 04/01/39

    123,202     124,960

4.500%, 06/01/39

    10,811,324     10,965,612

4.500%, 07/01/39

    22,287,153     22,605,209

4.500%, 08/01/39

    12,490,067     12,668,310

4.500%, 09/01/39

    10,245,430     10,391,641

4.500%, TBA

    146,300,000     148,023,866

5.000%, 12/01/22

    999,515     1,050,194

5.000%, 01/01/23

    12,006,018     12,614,002

5.000%, 07/01/24

    24,974,050     26,334,941

5.000%, 12/01/32

    247,985     257,853

5.000%, 06/01/33

    3,125,257     3,244,538

5.000%, 07/01/33

    1,822,132     1,891,676

5.000%, 08/01/33

    12,591,531     13,072,108

5.000%, 10/01/33

    3,301,948     3,427,971

5.000%, 12/01/33

    719,906     747,382

5.000%, 04/25/35

    1,855,021     1,976,203

5.000%, 09/01/35

    1,183,166     1,228,324

5.000%, 07/01/37

    1,270,563     1,319,056

5.000%, TBA

    29,200,000     30,158,110

5.038%, 07/01/38 (a)

    6,710,802     7,019,789

5.125%, 01/02/14

    7,095,000     7,527,795

5.250%, 08/01/12 (e)

    3,100,000     3,313,063

5.250%, 09/15/16 (e)

    10,000,000     11,200,680

5.500%, 04/01/17

    86,355     92,528

5.500%, 05/01/19

    20,195,010     21,638,638

5.500%, 06/25/28

    1,174,429     1,224,612

5.500%, 09/01/33

    4,868,213     5,121,766

5.500%, 07/01/34

    52,470,984     55,138,259

5.500%, 02/01/35

    12,611,315     13,268,154

5.500%, 05/01/35

    18,583,571     19,551,465

5.500%, 12/01/35

    41,594,105     43,708,472

5.500%, 09/01/36

    4,054,322     4,266,752

5.500%, TBA

    9,700,000     10,145,599

6.000%, 03/25/27

    3,793,506     3,923,814

6.000%, 02/01/34

    2,192,449     2,333,040

6.000%, 03/01/34

    32,527,939     34,613,793

6.000%, 08/01/34

    1,817,742     1,934,304

6.000%, 04/01/35

    11,031,243     11,748,964

6.000%, 05/01/36

    73,447     77,721

6.000%, 06/01/36

    5,378,130     5,691,070

6.000%, 11/01/37

    14,112,786     14,920,743

6.500%, TBA

    14,200,000     15,123,000

9.000%, 04/01/16

    9     9
Security Description   Par
Amount
  Value
   

Federal Agencies—(Continued)

 

Government National Mortgage Association
5.000%, 10/20/33

  $ 6,529,178   $ 6,801,721

5.000%, TBA

    34,100,000     35,282,861

5.500%, 04/15/33

    282,484     298,506

6.159%, 01/16/38 (a) (f)

    11,699,770     1,133,021

6.500%, 04/15/33

    214,256     228,357

7.500%, 12/15/14

    167,509     180,281

8.000%, 11/15/29

    31,211     35,484

8.500%, 01/15/17

    9,690     10,729

8.500%, 02/15/17

    3,485     3,859

8.500%, 03/15/17

    7,328     8,114

8.500%, 05/15/17

    10,247     11,347

8.500%, 10/15/21

    1,011     1,153

8.500%, 11/15/21

    3,996     4,559

8.500%, 05/15/22

    2,811     3,210

9.000%, 10/15/16

    3,583     3,915
       
      719,965,011
       

Food & Staples Retailing—0.1%

   

Delhaize America, Inc.
9.000%, 04/15/31

    1,000,000     1,315,789
       

Food Products—0.4%

   

Kraft Foods, Inc.
6.125%, 02/01/18

    4,245,000     4,498,337

6.500%, 08/11/17 (a)

    2,855,000     3,088,391
       
      7,586,728
       

Foreign Government—1.6%

   

Emirate of Abu Dhabi (144A)
5.500%, 08/02/12

    11,600,000     12,285,618

Israel Government AID Bond
5.500%, 12/04/23

    4,725,000     5,107,824

Province of Ontario Canada
4.100%, 06/16/14

    6,290,000     6,650,197

U.K. Treasury
4.250%, 12/07/49 (GBP)

    2,055,000     3,400,381
       
      27,444,020
       

Government Agency—2.0%

   

Chicago Metropolitan Water Reclamation District

 

5.720%, 12/01/38

    2,435,000     2,639,248

Dallas Area Rapid Transit
5.999%, 12/01/44

    1,290,000     1,430,752

Metropolitan Transportation Authority
7.336%, 11/15/39

    2,720,000     3,362,002

New York State Dormitory Authority
5.628%, 03/15/39

    2,700,000     2,837,808

Port Authority of New York & New Jersey
6.040%, 12/01/29

    1,930,000     2,100,979

State of California
5.450%, 04/01/15

    10,000,000     10,452,400

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

BlackRock Bond Income Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Fixed Income—(Continued)

 

 

Security Description   Par
Amount
  Value
   

Government Agency—(Continued)

 

State of Texas
5.517%, 04/01/39

  $ 6,495,000   $ 6,907,497

Tennessee Valley Authority
5.250%, 09/15/39

    4,590,000     4,843,014
       
      34,573,700
       

Hotels, Restaurants & Leisure—0.0%

Harrah’s Operating Co., Inc. (144A)
10.000%, 12/15/18

    621,000     493,695
       

Independent Power Producers & Energy Traders—0.0%

NRG Energy, Inc.
7.375%, 02/01/16

    275,000     266,062
       

Insurance—0.8%

   

Chubb Corp.
6.375%, 03/29/67 (a)

    2,775,000     2,497,500

Lincoln National Corp.
7.000%, 05/17/66 (a)

    1,735,000     1,240,525

Prudential Financial, Inc.
4.750%, 09/17/15

    5,960,000     5,918,184

The Progressive Corp.
6.700%, 06/15/37 (a)

    2,640,000     2,269,603

The Travelers Cos., Inc.
6.250%, 03/15/67 (a)

    3,075,000     2,703,620
       
      14,629,432
       

Media—1.2%

   

Comcast Cable Communications Holdings, Inc.

 

8.375%, 03/15/13

    1,330,000     1,544,730

Comcast Cable Communications, LLC
8.500%, 05/01/27

    2,400,000     2,790,314

Comcast Corp.
6.950%, 08/15/37

    1,705,000     1,903,056

7.050%, 03/15/33

    1,775,000     2,012,965

Cox Communications, Inc.
7.125%, 10/01/12

    4,600,000     5,131,401

Cox Communications, Inc. (144A)
8.375%, 03/01/39

    2,800,000     3,454,010

News America, Inc.
6.200%, 12/15/34

    1,500,000     1,475,816

Time Warner Cable, Inc.
5.850%, 05/01/17

    1,795,000     1,892,553

Time Warner Entertainment Co., L.P.
8.375%, 03/15/23

    590,000     707,729
       
      20,912,574
       

Office Electronics—0.1%

   

Xerox Corp.
6.875%, 08/15/11

    1,450,000     1,546,545
       

Oil, Gas & Consumable Fuels—1.3%

   

Canadian Natural Resources, Ltd.
6.250%, 03/15/38

    1,850,000     1,970,873
Security Description   Par
Amount
  Value
   

Oil, Gas & Consumable Fuels—(Continued)

 

Cenovus Energy, Inc. (144A)
6.750%, 11/15/39

  $ 2,545,000   $ 2,742,321

ConocoPhillips
4.600%, 01/15/15

    9,800,000     10,459,481

Enterprise Products Operating, LLC
4.950%, 06/01/10

    25,000     25,390

6.125%, 10/15/39

    2,250,000     2,273,288

Sabine Pass LNG, L.P.
7.500%, 11/30/16

    1,900,000     1,622,125

XTO Energy, Inc.
6.750%, 08/01/37

    2,500,000     2,781,080
       
      21,874,558
       

Pharmaceuticals—1.8%

   

Eli Lilly & Co.
3.550%, 03/06/12

    2,600,000     2,722,746

Merck & Co., Inc.
4.000%, 06/30/15

    7,055,000     7,412,949

Pfizer, Inc.
5.350%, 03/15/15

    6,256,000     6,927,313

Roche Holdings, Inc. (144A)
2.393%, 02/25/11 (a)

    1,255,000     1,289,063

5.000%, 03/01/14

    5,600,000     6,054,026

Wyeth
5.500%, 02/01/14

    6,000,000     6,552,642
       
      30,958,739
       

Real Estate Investment Trusts—0.0%

   

AvalonBay Communities, Inc.
4.950%, 03/15/13

    400,000     406,422
       

Software—0.1%

   

Oracle Corp.
5.750%, 04/15/18

    2,310,000     2,545,250
       

Thrifts & Mortgage Finance—0.1%

 

Countrywide Financial Corp.
5.800%, 06/07/12

    625,000     659,315

Nationwide Building Society (144A)
4.250%, 02/01/10

    590,000     590,546
       
      1,249,861
       

U.S. Treasury—14.8%

 

U.S. Treasury Bonds
3.500%, 02/15/39 (e)

    30,615,000     27,735,292

U.S. Treasury Notes
3.625%, 08/15/19 (e)

    122,955,000     126,201,750

1.000%, 09/30/11

    5,440,000     5,444,249

1.375%, 09/15/12

    30,565,000     30,512,459

3.000%, 09/30/16

    65,400,000     65,660,553
       
      255,554,303
       

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

BlackRock Bond Income Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Fixed Income—(Continued)

 

 

Security Description   Par
Amount
  Value  
   

Wireless Telecommunication Services—0.6%

 

America Movil S.A.B. de C.V.
6.375%, 03/01/35

  $ 325,000   $ 338,638   

Rogers Communications, Inc.
7.500%, 03/15/15

    385,000     443,839   

Vodafone Group, Plc.
4.150%, 06/10/14

    7,375,000     7,573,587   

7.750%, 02/15/10

    2,570,000     2,634,253   
         
      10,990,317   
         

Total Fixed Income
(Identified Cost $1,817,468,692)

      1,812,542,723   
         
Short Term Investments—13.6%   

Mutual Funds—7.8%

 

State Street Navigator Securities Lending Prime Portfolio (g)

    134,288,338     134,288,338   
         

Repurchase Agreement—5.8%

 

State Street Repurchase Agreement dated 09/30/09 at 0.010% to be repurchased at $101,323,028 on 10/01/09, collateralized by $103,385,000 U.S. Treasury Bill due 12/31/09 with a value of $103,353,985.

    101,323,000     101,323,000   
         

Total Short Term Investments
(Identified Cost $235,611,338)

      235,611,338   
         

Total Investments—118.3%
(Identified Cost $2,053,080,030) (h)

      2,048,154,061   

Liabilities in excess of other assets

      (317,123,077
         
Net Assets—100%     $ 1,731,030,984   
         

 

(a) Variable or Floating Rate Security. Rate disclosed is as of September 30, 2009.
(b) Security was valued in good faith under procedures established by the Board of Directors.
(c) Zero Valued Security.
(d) Non-Income Producing; Defaulted Bond.
(e) All or a portion of the security was on loan. As of September 30, 2009, the market value of securities loaned was $131,632,984 and the collateral received consisted of cash in the amount of $134,288,338. The cash collateral is invested in a money market fund managed by an affiliate of the custodian.
(f) Interest Only Certificate. This security receives monthly interest payments but is not entitled to principal payments.
(g) Represents investment of cash collateral received from securities lending transactions.
(h) The aggregate cost of investments for federal income tax purposes as of September 30, 2009 was $2,053,080,030 and the composition of unrealized appreciation and depreciation of investment securities was $38,713,024 and $(43,638,993), 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, 2009 the market value of 144A securities was $93,393,846, which is 5.4% 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.
(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-27


Table of Contents

Metropolitan Series Fund, Inc.

 

BlackRock Bond Income Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

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.

 

Forward Contracts            

Forward Currency Contracts

   Counterparty    Delivery Date    Local
Currency
Amount
   Aggregate
Face
Value
   Valuation as of
9/30/2009
   Unrealized
Appreciation

Pound Sterling (sold)

   CitiBank    10/28/2009    3,777,500    $ 6,174,324    $ 6,044,057    $ 130,267
                     

 

Futures Contracts         

Futures Contracts-Long

   Counterparty    Expiration
Date
   Number of
Contracts
    Contract
Amount
    Valuation as of
9/30/2009
    Unrealized
Appreciation/
Depreciation
 

UK Long GILT Bond Futures

   JPMorgan Chase    12/29/2009    23      $ 4,330,944      $ 4,363,553      $ 32,609   

U.S. Treasury Notes 5 Year Futures

   JPMorgan Chase    12/31/2009    831        96,200,905        96,473,906        273,001   

Futures Contracts-Short

                                  

U.S. Treasury Notes 2 Year Futures

   JPMorgan Chase    12/31/2008    (168     (36,408,662     (36,450,750     (42,088

U.S. Treasury Notes 10 Year Futures

   JPMorgan Chase    12/21/2009    (125     (14,770,959     (14,791,016     (20,057

U.S. Treasury Bond Futures

   JPMorgan Chase    12/21/2009    (46     (5,480,008     (5,583,250     (103,242
                    

Net Unrealized Appreciation

               $ 140,223   
                    

 

TBA Sale Commitments

 

Federal Agencies

   Face
Amount
    Value  

Federal National Mortgage Association

    

5.000% (15 Year TBA)

   $ (11,200,000   $ (11,729,285

5.500% (15 Year TBA)

     (20,200,000     (21,361,500

5.500% (30 Year TBA)

     (20,800,000     (21,684,000

6.000% (30 Year TBA)

     (84,900,000     (89,309,500

Government National Mortgage Association

    

5.000% (30 Year TBA)

     (6,500,000     (6,719,427

6.500% (30 Year TBA)

     (200,000     (212,312
          

Total TBA Sale Commitments (Proceeds Cost $(150,434,024))

     $ (151,016,024
          

 

MSF-28


Table of Contents

Metropolitan Series Fund, Inc.

 

BlackRock Bond Income Portfolio

 

VALUATION INPUTS

 

The Portfolio is subject to the provisions of the Statement of Financial Accounting Standards No. 157, Fair Value Measurements (“FAS 157”). FAS 157 establishes a framework for measuring fair value and expands disclosures about fair value measurements in 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 Portfolio’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 investments as of September 30, 2009:

 

Description    Level 1     Level 2     Level 3    Total  

Total Fixed Income

   $ —        $ 1,812,542,723      $ —      $ 1,812,542,723   
Short Term Investments          

Mutual Funds

     134,288,338        —          —        134,288,338   

Repurchase Agreement

     —          101,323,000        —        101,323,000   

Total Short Term Investments

     134,288,338        101,323,000        —        235,611,338   

Total Investments

   $ 134,288,338      $ 1,913,865,723      $ —      $ 2,048,154,061   
                                 
Futures Contracts*          

Futures Contracts Long (Appreciation)

   $ 273,001      $ 32,609      $ —      $ 305,610   

Futures Contracts Short (Depreciation)

     (165,387     —          —        (165,387
Forward Contracts*          

Forward Currency Contracts (Appreciation)

     —          130,267        —        130,267   
TBA Sale Commitments          

Federal Agencies

     —          (151,016,024     —        (151,016,024

Total Liabilities

   $ 107,614      $ (150,853,148   $ —      $ (150,745,534
                                 

 

* Derivative instruments such as forwards, futures, swap contracts and written options are valued based on the unrealized appreciation/depreciation on the instrument.

 

MSF-29


Table of Contents

Metropolitan Series Fund, Inc.

 

BlackRock Diversified Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—64.5% of Net Assets

 

 

Security Description   Shares   Value
   
   

Aerospace & Defense—2.6%

   

Goodrich Corp.

  53,000   $ 2,880,020

L-3 Communications Holdings, Inc.

  29,000     2,329,280

Lockheed Martin Corp.

  137,000     10,696,960

Northrop Grumman Corp.

  186,900     9,672,075

Raytheon Co.

  211,000     10,121,670
       
      35,700,005
       

Beverages—0.1%

   

The Coca-Cola Co.

  30,000     1,611,000
       

Biotechnology—1.6%

   

Amgen, Inc. (a)

  235,000     14,154,050

Biogen Idec, Inc. (a)

  134,000     6,769,680
       
      20,923,730
       

Capital Markets—1.2%

   

The Goldman Sachs Group, Inc.

  90,000     16,591,500
       

Chemicals—1.4%

   

Celanese Corp. (Series A)

  288,000     7,200,000

CF Industries Holdings, Inc.

  34,000     2,931,820

Terra Industries, Inc.

  167,000     5,789,890

The Scotts Miracle-Gro Co.

  80,000     3,436,000
       
      19,357,710
       

Commercial Banks—0.2%

   

Wells Fargo & Co.

  108,000     3,043,440
       

Communications Equipment—0.2%

   

Cisco Systems, Inc. (a)

  109,000     2,565,860
       

Computers & Peripherals—3.6%

   

Apple, Inc. (a)

  27,000     5,004,990

EMC Corp. (a)

  660,000     11,246,400

International Business Machines Corp.

  186,000     22,247,460

Western Digital Corp. (a)

  264,000     9,643,920
       
      48,142,770
       

Construction & Engineering—0.5%

   

URS Corp. (a)

  144,000     6,285,600
       

Containers & Packaging—0.3%

   

Crown Holdings, Inc. (a)

  123,000     3,345,600

Pactiv Corp. (a)

  38,100     992,505
       
      4,338,105
       

Diversified Financial Services—0.7%

   

Bank of America Corp.

  252,000     4,263,840

JPMorgan Chase & Co.

  121,000     5,302,220
       
      9,566,060
       

Diversified Telecommunication Services—2.8%

AT&T, Inc.

  813,000     21,959,130
Security Description   Shares   Value
   

Diversified Telecommunication Services—(Continued)

Verizon Communications, Inc.

  518,000   $ 15,679,860
       
      37,638,990
       

Electronic Equipment, Instruments & Components—0.2%

Ingram Micro, Inc. (a) (b)

  57,100     962,135

Tech Data Corp. (a) (b)

  28,500     1,185,885
       
      2,148,020
       

Energy Equipment & Services—2.8%

   

Diamond Offshore Drilling, Inc. (b)

  102,000     9,743,040

ENSCO International, Inc.

  188,000     7,997,520

Nabors Industries, Ltd. (a)

  323,000     6,750,700

National Oilwell Varco, Inc. (a)

  241,000     10,394,330

Oceaneering International, Inc. (a)

  6,000     340,500

Superior Energy Services, Inc. (a) (b)

  60,000     1,351,200

Tidewater, Inc. (b)

  19,100     899,419
       
      37,476,709
       

Food & Staples Retailing—0.1%

   

Wal-Mart Stores, Inc.

  24,000     1,178,160
       

Food Products—0.9%

   

Archer-Daniels-Midland Co.

  334,000     9,759,480

ConAgra Foods, Inc. (b)

  49,900     1,081,832

Del Monte Foods Co.

  108,700     1,258,746
       
      12,100,058
       

Gas Utilities—0.1%

   

UGI Corp.

  36,200     907,172
       

Health Care Equipment & Supplies—0.2%

   

Hospira, Inc. (a)

  26,000     1,159,600

Kinetic Concepts, Inc. (a) (b)

  33,100     1,224,038
       
      2,383,638
       

Health Care Providers & Services—6.3%

   

Aetna, Inc.

  336,000     9,350,880

AmerisourceBergen Corp.

  112,400     2,515,512

CIGNA Corp.

  302,000     8,483,180

Community Health Systems, Inc. (a) (b)

  211,200     6,743,616

Health Net, Inc. (a) (b)

  411,000     6,329,400

Humana, Inc. (a)

  177,000     6,602,100

McKesson Corp.

  143,000     8,515,650

Medco Health Solutions, Inc. (a)

  210,000     11,615,100

Quest Diagnostics, Inc. (b)

  17,200     897,668

Tenet Healthcare Corp. (a)

  580,000     3,410,400

UnitedHealth Group, Inc.

  440,000     11,017,600

WellPoint, Inc. (a)

  215,000     10,182,400
       
      85,663,506
       

Hotels, Restaurants & Leisure—1.0%

   

Brinker International, Inc.

  289,000     4,545,970

Darden Restaurants, Inc.

  251,000     8,566,630
       
      13,112,600
       

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

BlackRock Diversified Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—(Continued)

 

 

Security Description   Shares   Value
   

Household Durables—0.8%

   

Garmin, Ltd. (b)

  76,000   $ 2,868,240

Leggett & Platt, Inc. (b)

  233,000     4,520,200

M.D.C. Holdings, Inc.

  106,000     3,682,440
       
      11,070,880
       

Household Products—0.4%

   

Procter & Gamble Co.

  94,000     5,444,480
       

Independent Power Producers & Energy Traders—0.6%

Calpine Corp. (a) (b)

  313,000     3,605,760

NRG Energy, Inc. (a)

  140,000     3,946,600
       
      7,552,360
       

Industrial Conglomerates—0.4%

   

General Electric Co.

  356,000     5,845,520
       

Insurance—1.2%

   

American Financial Group, Inc.

  46,600     1,188,300

The Chubb Corp.

  205,000     10,334,050

The Travelers Cos., Inc.

  103,000     5,070,690
       
      16,593,040
       

Internet Software & Services—0.1%

   

Google, Inc. (Class A) (a)

  3,000     1,487,550
       

IT Services—2.6%

   

Accenture, Plc.

  239,000     8,907,530

Computer Sciences Corp. (a)

  77,800     4,100,838

DST Systems, Inc. (a) (b)

  22,700     1,016,960
   

Fidelity National Information Services, Inc. (b)

  190,000     4,846,900

Fiserv, Inc. (a)

  124,000     5,976,800

Hewitt Associates, Inc. (a) (b)

  26,600     969,038

The Western Union Co.

  509,000     9,630,280
       
      35,448,346
       

Machinery—0.7%

   

Joy Global, Inc. (b)

  196,000     9,592,240
       

Metals & Mining—0.8%

   

Commercial Metals Co.

  64,000     1,145,600

Walter Energy, Inc. (b)

  157,000     9,429,420
       
      10,575,020
       

Multi-Utilities—0.6%

   

CMS Energy Corp. (b)

  69,200     927,280

NiSource, Inc.

  491,000     6,819,990
       
      7,747,270
       

Multiline Retail—1.4%

   

Dollar Tree, Inc. (a) (b)

  176,000     8,567,680

Kohl’s Corp. (a)

  182,000     10,383,100
       
      18,950,780
       
Security Description   Shares   Value
   

Oil, Gas & Consumable Fuels—10.3%

   

Alpha Natural Resources, Inc. (a)

  260,000   $ 9,126,000

Anadarko Petroleum Corp.

  183,000     11,479,590

Chevron Corp.

  157,000     11,057,510

ConocoPhillips

  315,000     14,225,400

Encore Aquisition Co. (a)

  81,000     3,029,400

Exxon Mobil Corp.

  291,000     19,965,510

Marathon Oil Corp.

  338,000     10,782,200

Murphy Oil Corp.

  161,000     9,268,770

Occidental Petroleum Corp.

  180,000     14,112,000

Peabody Energy Corp.

  257,000     9,565,540

Quicksilver Resources, Inc. (a) (b)

  238,000     3,377,220

Tesoro Corp. (b)

  497,200     7,448,056

The Williams Cos., Inc.

  365,000     6,522,550

Valero Energy Corp.

  487,000     9,442,930
       
      139,402,676
       

Paper & Forest Products—0.7%

   

International Paper Co.

  434,000     9,647,820
       

Personal Products—0.1%

   

Herbalife, Ltd.

  41,300     1,352,162
       

Pharmaceuticals—6.6%

   

Bristol-Myers Squibb Co.

  549,000     12,363,480

Endo Pharmaceuticals Holdings, Inc. (a) (b)

  50,000     1,131,500

Forest Laboratories, Inc. (a)

  260,100     7,657,344

Johnson & Johnson

  374,000     22,772,860

Pfizer, Inc.

  999,800     16,546,690

Schering-Plough Corp.

  443,000     12,514,750

Sepracor, Inc. (a)

  57,800     1,323,620

Watson Pharmaceuticals, Inc. (a) (b)

  27,100     992,944

Wyeth

  296,000     14,379,680
       
      89,682,868
       

Road & Rail—0.9%

   

CSX Corp.

  234,000     9,795,240

Landstar System, Inc.

  46,000     1,750,760
       
      11,546,000
       

Semiconductors & Semiconductor Equipment—1.1%

Intel Corp.

  57,000     1,115,490

National Semiconductor Corp. (b)

  171,000     2,440,170

Texas Instruments, Inc.

  459,000     10,873,710
       
      14,429,370
       

Software—3.1%

   

BMC Software, Inc. (a)

  233,100     8,748,243

CA, Inc.

  431,000     9,477,690

Microsoft Corp.

  307,000     7,948,230

Oracle Corp.

  696,000     14,504,640

Synopsys, Inc. (a) (b)

  53,100     1,190,502
       
      41,869,305
       

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

BlackRock Diversified Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—(Continued)

 

Security Description  

Shares

  Value
   

Specialty Retail—3.4%

   

Advance Auto Parts, Inc.

    94,000   $ 3,692,320

PetSmart, Inc.

    212,000     4,611,000

Ross Stores, Inc. (b)

    201,000     9,601,770

The Gap, Inc.

    445,000     9,523,000

The Sherwin-Williams Co. (b)

    145,000     8,723,200

The TJX Cos., Inc.

    276,000     10,253,400
       
      46,404,690
       

Tobacco—1.8%

   

Altria Group, Inc.

    350,000     6,233,500

Philip Morris International, Inc.

    345,000     16,815,300

Reynolds American, Inc.

    23,000     1,023,960
       
      24,072,760
       

Trading Companies & Distributors—0.1%

WESCO International, Inc. (a)

    54,000     1,555,200
       

Total Common Stock
(Identified Cost $808,470,850)

      871,004,970
       
Fixed Income—38.1%    
Security Description   Par
Amount
  Value
   

Aerospace & Defense—0.0%

   

L-3 Communications Corp.
5.875%, 01/15/15

  $ 150,000     149,250

6.375%, 10/15/15

    140,000     141,400

The Boeing Co.
6.000%, 03/15/19

    80,000     89,737
       
      380,387
       

Air Freight & Logistics—0.0%

   

United Parcel Service, Inc.
6.200%, 01/15/38

    395,000     461,631
       

Airlines—0.0%

   

Continental Airlines, Inc.
5.983%, 04/19/22

    300,000     283,500

Delta Airlines, Inc.
6.821%, 08/10/22 (c)

    87,535     80,970
       
      364,470
       

Asset Backed—2.3%

   

Bank of America Auto Trust (144A)
2.130%, 09/16/13

    3,850,000     3,856,677

Chase Funding Mortgage Loan Asset-Backed Certificates

5.833%, 04/25/32 (c)

    209,232     158,335

Chase Issuance Trust
0.694%, 09/17/12 (c)

    4,620,000     4,623,426

Countrywide Asset-Backed Certificates 0.396%, 07/25/36 (c)

    2,900,565     1,904,275

0.916%, 07/25/34 (c)

    212,542     26,238
Security Description   Par
Amount
 

Value

   

Asset Backed—(Continued)

   

1.971%, 12/25/31 (c)

  $ 34,139   $ 17,796

5.071%, 12/25/34 (c)

    546,757     235,804

Countrywide Asset-Backed Certificates (144A)
0.696%, 03/25/47 (c)

    561,504     205,732

Finance America Mortgage Loan Trust
1.296%, 09/25/33 (c)

    267,970     171,785

Ford Credit Auto Owner Trust
6.070%, 05/15/14

    2,930,000     3,186,343

Fremont Home Loan Trust
1.296%, 12/25/33 (c)

    215,596     146,245

GMAC Mortgage Corp. Loan Trust
0.486%, 10/25/34 (c)

    465,079     215,280

Greenpoint Mortgage Funding Trust
0.646%, 09/25/34 (c)

    300,650     158,889

GSAA Trust
0.346%, 03/25/47 (c)

    1,671,379     1,079,899

Home Equity Asset Trust
0.356%, 07/25/37 (c)

    827,011     773,731

Knollwood CDO, Ltd. (144A)
3.748%, 02/08/39 (c) (d) (e)

    462,500     0

Long Beach Mortgage Loan Trust
1.346%, 03/25/34 (c)

    283,069     113,122

Morgan Stanley Home Equity Loan Trust
0.566%, 09/25/35 (c)

    530,000     343,633

Nelnet Student Loan Trust
1.984%, 04/25/24 (c)

    150,000     153,651

Residential Asset Securities Corp.
6.349%, 03/25/32

    192,955     118,883

SLM Student Loan Trust
0.584%, 04/26/21 (c)

    1,185,000     1,174,602

1.604%, 10/25/16 (c)

    6,010,000     6,123,468

1.804%, 01/25/28 (c)

    1,520,000     1,561,448

2.204%, 07/25/23 (c)

    4,100,000     4,305,033

Structured Asset Investment Loan Trust
3.171%, 04/25/33 (c)

    40,741     6,956

Structured Asset Securities Corp.
0.496%, 11/25/37 (c)

    164,777     148,472
       
      30,809,723
       

Beverages—0.0%

   

PepsiCo, Inc.
7.900%, 11/01/18

    130,000     164,153
       

Capital Markets—0.8%

   

Credit Suisse USA, Inc.
6.125%, 11/15/11

    140,000     151,128

Lehman Brothers Holdings, Inc.
6.500%, 07/19/17 (f)

    1,770,000     177

6.750%, 12/28/17 (f)

    2,505,000     250

Morgan Stanley
0.788%, 01/09/12 (c)

    6,605,000     6,428,369

0.960%, 10/18/16 (c)

    80,000     71,433

5.050%, 01/21/11

    600,000     620,637

5.625%, 09/23/19

    775,000     762,057

6.750%, 04/15/11

    550,000     586,451

 

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-32


Table of Contents

Metropolitan Series Fund, Inc.

 

BlackRock Diversified Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Fixed Income—(Continued)

 

 

Security Description   Par
Amount
 

Value

   

Capital Markets—(Continued)

   

The Bear Stearns Cos., LLC
0.910%, 07/19/10 (c)

  $ 790,000   $ 791,936

6.400%, 10/02/17

    240,000     261,089

The Goldman Sachs Group, Inc.
5.625%, 01/15/17

    310,000     312,304
       
      9,985,831
       

Collateralized-Mortgage Obligation—1.9%

American Home Mortgage Investment Trust
5.294%, 06/25/45 (c)

    414,158     254,281

Banc of America Funding Corp.
0.326%, 07/20/36 (c)

    141,994     127,524

Bear Stearns Adjustable Rate Mortgage Trust
5.981%, 06/25/47 (c)

    4,191,752     2,764,159

Countrywide Alternative Loan Trust
0.436%, 03/20/47 (c)

    1,796,314     908,212

0.486%, 12/25/36 (c)

    737,428     170,972

5.500%, 11/25/35

    2,500,000     1,492,646

5.500%, 04/25/37

    1,808,309     1,131,689

Countrywide Home Loan Mortgage
Pass-Through Trust
0.446%, 04/25/46 (c)

    783,890     372,332

0.586%, 02/25/35 (c)

    451,789     264,186

6.500%, 10/25/37

    1,898,675     1,554,540

Credit Suisse Mortgage Capital Certificates
6.000%, 10/25/21

    879,110     584,608

CS First Boston Mortgage Securities Corp.
6.000%, 01/25/36

    2,193,088     1,326,818

Deutsche ALT-A Securities, Inc. Alternate Loan Trust

0.446%, 02/25/47 (c)

    626,382     302,093

Deutsche Mortgage Securities, Inc. (144A)
5.132%, 06/26/35 (c)

    280,000     184,089

GSR Mortgage Loan Trust
5.239%, 11/25/35 (c)

    1,729,200     1,529,600

6.000%, 07/25/37

    1,909,726     1,575,524

Harborview Mortgage Loan Trust
0.556%, 11/19/35 (c)

    1,658,552     950,861

0.576%, 09/19/35 (c)

    194,964     104,355

1.246%, 11/25/47 (c)

    259,966     144,877

Indymac INDA Mortgage Loan Trust
5.858%, 09/25/36 (c)

    1,251,656     837,554

Indymac Index Mortgage Loan Trust
0.866%, 06/25/34 (c)

    96,571     64,131

5.282%, 10/25/35 (c)

    322,676     253,420

JPMorgan Mortgage Trust
5.500%, 03/25/22

    366,350     310,482

5.875%, 07/25/36

    407,023     372,426

6.500%, 08/25/36

    1,304,171     970,827

Mastr Adjustable Rate Mortgages Trust
3.470%, 09/25/33 (c)

    322,785     271,495

Mastr Reperforming Loan Trust (144A)
0.596%, 05/25/35 (c)

    444,623     306,315

5.853%, 05/25/36 (c)

    434,883     367,476

MLCC Mortgage Investors, Inc.
5.184%, 02/25/36 (c)

    174,891     154,775
Security Description   Par
Amount
 

Value

   

Collateralized-Mortgage Obligation—(Continued)

WaMu Mortgage Pass-Through Certificates
0.526%, 11/25/45 (c)

  $ 498,433   $ 290,718

0.566%, 08/25/45 (c)

    456,666     287,567

4.912%, 08/25/35 (c)

    1,302,294     1,119,456

5.678%, 02/25/37 (c)

    1,950,550     1,244,854

5.748%, 11/25/36 (c)

    550,000     320,463

5.947%, 08/25/36 (c)

    270,000     180,678

Wells Fargo Mortgage Backed Securities Trust
5.500%, 03/25/36

    1,362,036     1,189,694

6.098%, 09/25/36 (c)

    1,178,920     930,737
       
      25,216,434
       

Commercial Banks—1.1%

   

Barclays Bank, Plc. (144A)
7.434%, 09/29/49 (c)

    1,315,000     1,150,625

Citibank N.A.
1.375%, 08/10/11

    7,400,000     7,426,462

Eksportfinans A/S
5.500%, 05/25/16

    1,450,000     1,566,251

Glitnir Banki Hf (144A)
1.000%, 06/15/16 (f)

    230,000     23

6.330%, 07/28/11 (f)

    100,000     24,500

6.375%, 09/25/12 (f)

    100,000     24,500

JPMorgan Chase Bank N.A.
6.000%, 07/05/17

    2,500,000     2,625,855

Kaupthing Bank Hf (144A)
7.625%, 02/28/15 (f)

    580,000     118,900

Landsbanki Islands Hf (144A)
6.100%, 08/25/11 (f)

    320,000     16,800

Landwirtschaftliche Rentenbank
4.000%, 02/02/15

    335,000     348,504

4.125%, 07/15/13

    170,000     179,140

4.375%, 01/15/13

    370,000     395,247

5.250%, 07/02/12

    580,000     632,057

Royal Bank of Scotland Group, Plc.
5.050%, 01/08/15

    300,000     269,128

Santander Issuances S.A. Unipersonal (144A)
5.805%, 06/20/16 (c)

    170,000     151,300

The Royal Bank of Scotland, Plc. (144A)
2.625%, 05/11/12

    440,000     446,537
       
      15,375,829
       

Commercial Mortgage-Backed Securities—5.0%

Banc of America Commercial Mortgage, Inc.
5.141%, 11/10/42 (c)

    3,630,000     3,642,479

Bayview Commercial Asset Trust (144A)
0.476%, 07/25/36 (c)

    702,918     473,415

0.516%, 04/25/36 (c)

    480,467     379,569

Bear Stearns Commercial Mortgage Securities
5.405%, 12/11/40 (c)

    600,000     589,735

5.920%, 10/15/36

    458,059     469,398

Chase Commerical Mortgage Securities Corp.
7.319%, 10/15/32

    1,374,437     1,420,908

Citigroup/Deutsche Bank Commercial Mortgage Trust

5.886%, 11/15/44

    448,929     418,895

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

BlackRock Diversified Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Fixed Income—(Continued)

 

 

Security Description   Par
Amount
 

Value

   

Commercial Mortgage-Backed Securities—(Continued)

Credit Suisse Mortgage Capital Certificates
5.311%, 12/15/39

  $ 4,000,000   $ 3,247,112

5.467%, 09/15/39 (c)

    370,000     314,452

CS First Boston Mortgage Securities Corp.
3.936%, 05/15/38 (c)

    4,000,000     3,936,916

4.940%, 12/15/35

    4,405,000     4,559,757

5.183%, 11/15/36

    2,890,000     2,978,008

5.603%, 07/15/35

    3,850,000     4,038,880

First Union National Bank Commercial Mortgage

6.663%, 01/12/43

    3,531,873     3,693,087

First Union National Bank Commercial Mortgage (144A)

7.793%, 12/15/31 (c)

    3,700,000     3,698,663

GE Business Loan Trust (144A)
1.543%, 04/15/31 (c)

    439,318     197,693

GE Capital Commercial Mortgage Corp.
4.578%, 06/10/48

    3,480,000     3,443,174

4.996%, 12/10/37

    4,340,000     4,480,199

6.269%, 12/10/35

    3,440,000     3,648,419

GMAC Commercial Mortgage Securities, Inc.
7.455%, 08/16/33

    2,400,343     2,461,078

Greenwich Capital Commercial Funding Corp.
6.116%, 07/10/38 (c)

    3,280,000     3,000,869

JPMorgan Chase Commercial Mortgage Securities Corp.

5.992%, 06/15/49 (c)

    1,700,000     1,704,366

LB-UBS Commercial Mortgage Trust
4.071%, 09/15/26

    698,533     712,376

5.372%, 09/15/39

    1,570,000     1,429,756

5.430%, 02/15/40 (c)

    2,800,000     2,272,105

5.642%, 12/15/25 (c)

    705,162     726,521

5.934%, 12/15/25

    639,923     661,944

7.950%, 05/15/25 (c)

    1,986,195     2,001,916

LB-UBS Commercial Mortgage Trust (144A)
6.155%, 07/14/16

    1,465,420     1,518,133

Morgan Stanley Capital I
5.693%, 10/15/42

    1,130,000     1,140,419

5.811%, 04/12/49 (c)

    620,000     594,127

Salomon Brothers Mortgage Securities VII, Inc.
6.499%, 10/13/11

    3,560,570     3,760,808
       
      67,615,177
       

Commercial Services & Supplies—0.0%

   

The Board of Trustees of The Leland Stanford Junior University

4.750%, 05/01/19

    395,000     416,109
       

Consumer Finance—0.2%

   

American Express Co.
6.800%, 09/01/66 (c)

    400,000     340,000

SLM Corp.
5.000%, 10/01/13

    160,000     127,369

5.050%, 11/14/14

    40,000     29,404

5.125%, 08/27/12

    1,700,000     1,454,646

5.375%, 05/15/14

    385,000     294,670

5.400%, 10/25/11

    890,000     821,221
       
      3,067,310
       
Security Description   Par
Amount
 

Value

   

Containers & Packaging—0.1%

 

Ball Corp.
7.125%, 09/01/16

  $ 385,000   $ 392,700

7.375%, 09/01/19

    385,000     390,775
       
      783,475
       

Diversified Financial Services—4.4%

 

AES Ironwood, LLC
8.857%, 11/30/25

    115,052     105,560

AES Red Oak, LLC
9.200%, 11/30/29

    50,000     46,125

Anadarko Finance Co.
6.750%, 05/01/11

    110,000     116,898

Bank of America Corp.
5.750%, 12/01/17

    920,000     918,323

Berkshire Hathaway Finance Corp.
4.750%, 05/15/12

    230,000     246,248

BHP Billiton Finance USA, Ltd.
6.500%, 04/01/19

    170,000     197,234

BP Capital Markets, Plc.
3.125%, 03/10/12

    1,930,000     1,993,835

5.250%, 11/07/13

    240,000     262,903

CIT Group, Inc.
4.250%, 02/01/10 (b)

    125,000     90,121

4.750%, 12/15/10

    140,000     96,715

5.400%, 02/13/12 (b)

    125,000     82,041

5.800%, 07/28/11

    165,000     112,220

Citigroup Funding, Inc.
1.875%, 10/22/12

    4,000,000     4,007,748

2.125%, 07/12/12

    2,075,000     2,097,906

Credit Suisse Guernsey, Ltd.
5.860%, 05/29/49

    2,320,000     1,763,200

Daimler Finance North America, LLC
7.300%, 01/15/12

    360,000     388,367

Deutsche Telekom International Finance BV
8.750%, 06/15/30 (c)

    330,000     427,358

FMC Finance III S.A.
6.875%, 07/15/17

    90,000     87,300

Ford Motor Credit Co., LLC
7.375%, 10/28/09

    1,400,000     1,400,363

9.750%, 09/15/10 (c)

    270,000     275,910

Gaz Capital S.A. (144A)
6.212%, 11/22/16

    240,000     230,400

General Electric Capital Corp.
2.000%, 09/28/12

    2,500,000     2,513,933

2.125%, 12/21/12

    5,455,000     5,504,548

2.250%, 03/12/12

    2,500,000     2,545,147

2.625%, 12/28/12

    3,400,000     3,483,473

5.000%, 11/15/11

    5,220,000     5,494,327

6.375%, 11/15/67 (c)

    1,540,000     1,274,350

GlaxoSmithKline Capital, Inc.
4.850%, 05/15/13

    1,450,000     1,557,783

GMAC, LLC (144A)
7.500%, 12/31/13

    116,000     101,500

8.000%, 12/31/18

    109,000     82,295

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

BlackRock Diversified Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Fixed Income—(Continued)

 

 

Security Description   Par
Amount
 

Value

   

Diversified Financial Services—(Continued)

 

Goldman Sachs Capital I
6.345%, 02/15/34

  $ 200,000   $ 183,676

Goldman Sachs Capital II
5.793%, 12/29/49 (c)

    470,000     338,400

HBOS Capital Funding, L.P. (144A)
6.071%, 06/30/49 (c)

    50,000     28,250

Icahn Enterprises, L.P.
8.125%, 06/01/12

    145,000     143,731

Intergas Finance BV (144A)
6.375%, 05/14/17

    260,000     235,300

Japan Finance Corp.
2.000%, 06/24/11

    1,290,000     1,306,490

JPMorgan Chase & Co.
2.200%, 06/15/12

    3,550,000     3,610,740

5.125%, 09/15/14

    360,000     375,053

5.150%, 10/01/15

    190,000     197,120

6.125%, 06/27/17

    380,000     400,503

7.900%, 12/31/49 (c)

    1,480,000     1,421,052

JPMorgan Chase Capital XXV
6.800%, 10/01/37

    1,880,000     1,891,968

KazMunaiGaz Finance Sub BV (144A)
8.375%, 07/02/13

    220,000     234,300

Lehman Brothers Holdings Capital Trust VII
5.857%, 11/29/49 (f)

    325,000     33

Petrobras International Finance Co.
6.125%, 10/06/16

    180,000     192,150

Private Export Funding Corp.
3.550%, 04/15/13

    220,000     231,427

Resona Preferred Global Securities Cayman, Ltd. (144A)

7.191%, 12/29/49 (c)

    120,000     99,600

Shell International Finance BV
4.000%, 03/21/14

    2,250,000     2,363,436

6.375%, 12/15/38

    160,000     189,992

Shinsei Finance Cayman, Ltd. (144A)
6.418%, 01/29/49 (c)

    200,000     105,000

SMFG Preferred Capital USD 1, Ltd. (144A)
6.078%, 01/29/49 (c)

    340,000     296,980

Sprint Capital Corp.
8.375%, 03/15/12

    560,000     578,200

SunTrust Capital VIII
6.100%, 12/15/36 (c)

    171,000     119,008

Telecom Italia Capital S.A.
5.250%, 10/01/15

    1,175,000     1,216,443

6.000%, 09/30/34

    240,000     233,969

Verizon Global Funding Corp.
7.375%, 09/01/12

    120,000     136,347

Verizon Wireless Capital, LLC (144A)
3.750%, 05/20/11

    4,735,000     4,885,227

Wind Acquisition Finance S.A. (144A)
10.750%, 12/01/15

    145,000     159,500

ZFS Finance USA Trust I (144A)
6.500%, 05/09/37 (c)

    227,000     183,870
       
      58,861,896
       
Security Description   Par
Amount
 

Value

   

Diversified Telecommunication Services—0.9%

AT&T, Inc.
5.500%, 02/01/18

  $ 240,000   $ 250,410

5.800%, 02/15/19

    50,000     53,502

6.500%, 09/01/37

    2,850,000     3,062,345

Cincinnati Bell, Inc.
7.250%, 07/15/13

    50,000     50,750

France Telecom S.A.
8.500%, 03/01/31 (c)

    150,000     207,402

GTE Corp.
6.940%, 04/15/28

    100,000     107,519

Qwest Communications International, Inc.
7.500%, 02/15/14

    155,000     153,062

Qwest Communications International, Inc. (Series B)

7.500%, 02/15/14

    75,000     74,063

Qwest Corp.
3.549%, 06/15/13 (c)

    285,000     266,475

8.875%, 03/15/12

    165,000     173,662

Royal KPN NV
8.000%, 10/01/10

    350,000     371,674

SBC Communications, Inc.
6.450%, 06/15/34

    300,000     316,083

Telefonica Emisiones SAU
4.949%, 01/15/15

    1,575,000     1,670,773

Verizon Communications, Inc.
8.750%, 11/01/18

    3,400,000     4,247,450

Windstream Corp.
8.125%, 08/01/13

    410,000     421,275

8.625%, 08/01/16

    165,000     168,712
       
      11,595,157
       

Electric Utilities—0.5%

   

Dominion Resources, Inc.
8.875%, 01/15/19

    290,000     366,906

Duke Energy Carolinas, LLC
5.625%, 11/30/12

    170,000     187,718

Edison Mission Energy
7.625%, 05/15/27

    65,000     46,475

Elwood Energy, LLC
8.159%, 07/05/26

    107,421     94,624

Exelon Corp.
5.625%, 06/15/35

    205,000     197,596

Florida Power & Light Co.
5.625%, 04/01/34

    300,000     324,129

5.950%, 02/01/38

    525,000     595,820

Florida Power Corp.
6.400%, 06/15/38

    525,000     621,069

MidAmerican Energy Holdings Co.
5.950%, 05/15/37

    1,125,000     1,186,638

6.500%, 09/15/37 (c)

    725,000     821,178

PECO Energy Co.
4.750%, 10/01/12

    650,000     683,522

Southern California Edison Co.
5.950%, 02/01/38

    475,000     539,076

Texas Competitive Electric Holdings Co., LLC
10.250%, 11/01/15

    774,000     557,280
       
      6,222,031
       

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

BlackRock Diversified Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Fixed Income—(Continued)

 

 

Security Description   Par
Amount
 

Value

   

Energy Equipment & Services—0.0%

   

Kinder Morgan Energy Partners, L.P.
5.125%, 11/15/14

  $ 200,000   $ 207,814

6.750%, 03/15/11

    30,000     31,814

Tennessee Gas Pipeline Co.
7.000%, 10/15/28

    190,000     202,457
       
      442,085
       

Federal Agencies—14.9%

   

Farmer Mac Guaranteed Notes Trust (144A)
5.125%, 04/19/17

    400,000     433,267

Federal Home Loan Bank
5.000%, 02/01/22

    1,306,886     1,377,846

5.000%, 04/01/22

    1,298,801     1,369,322

5.391%, 05/01/36 (c)

    2,437,730     2,552,433

5.500%, 07/15/36

    360,000     397,524

5.625%, 06/13/16

    1,640,000     1,655,250

Federal Home Loan Mortgage Corp.
1.750%, 06/15/12 (b)

    1,700,000     1,708,974

5.000%, 04/18/17

    8,970,000     9,909,249

5.500%, 07/01/33

    2,206,035     2,322,311

5.740%, 04/01/37 (c)

    15,043     15,868

6.000%, TBA

    2,000,000     2,128,124

Federal National Mortgage Association
4.000%, TBA

    5,400,000     5,424,845

4.500%, 12/01/20

    5,453,346     5,743,641

4.500%, 04/01/39

    34,497     34,989

4.500%, 06/01/39

    500,068     507,204

4.500%, 07/01/39

    9,154,213     9,284,850

4.500%, 08/01/39

    3,630,474     3,682,284

4.500%, 09/01/39

    2,964,338     3,006,641

4.500%, TBA

    32,200,000     32,545,046

5.000%, 12/01/22

    932,894     980,195

5.000%, 01/01/23

    2,873,556     3,019,254

5.000%, 07/01/24

    6,986,875     7,367,605

5.000%, 09/01/33

    14,487,669     15,040,615

5.000%, 03/01/34

    7,932,382     8,235,135

5.125%, 01/02/14

    1,205,000     1,278,505

5.250%, 09/15/16 (b)

    4,060,000     4,547,476

5.500%, 09/01/19

    6,952,212     7,449,187

5.500%, 08/01/28

    90,232     95,411

5.500%, 01/01/36

    14,566,835     15,307,316

5.500%, 05/01/38

    68,357     71,607

5.500%, TBA

    13,500,000     14,120,163

6.000%, 03/01/28

    43,338     46,266

6.000%, 05/01/28

    40,296     43,019

6.000%, 06/01/28

    3,030     3,235

6.000%, 02/01/34

    1,860,260     1,979,549

6.000%, 03/01/34

    8,555,168     9,101,095

6.000%, 08/01/34

    1,096,416     1,166,723

6.000%, 04/01/35

    4,333,703     4,615,664

6.000%, 11/01/37

    4,378,535     4,629,206

6.250%, 02/01/11 (b)

    3,285,000     3,478,927

6.500%, TBA

    3,700,000     3,940,500

9.000%, 04/01/16

    3     3

Government National Mortgage Association
5.000%, TBA

    9,100,000     9,415,661
Security Description   Par
Amount
 

Value

   

Federal Agencies—(Continued)

   

6.159%, 01/16/38 (c) (g)

  $ 3,800,034   $ 368,000

6.500%, 07/15/14

    13,730     14,719

7.500%, 12/15/14

    298,675     321,448

9.000%, 11/15/19

    10,157     11,369
       
      200,747,521
       

Food & Staples Retailing—0.0%

   

CVS Pass-Through Trust
6.943%, 01/10/30

    396,164     400,189

Wal-Mart Stores, Inc.
6.200%, 04/15/38

    80,000     91,044
       
      491,233
       

Food Products—0.2%

   

Kraft Foods, Inc.
6.125%, 02/01/18

    950,000     1,006,695

6.500%, 08/11/17

    1,830,000     1,979,599
       
      2,986,294
       

Foreign Government—0.9%

   

Emirate of Abu Dhabi (144A)
5.500%, 08/02/12

    4,600,000     4,871,883

Israel Government AID Bond
5.500%, 12/04/23

    3,175,000     3,432,242

Mexico Government International Bond
6.750%, 09/27/34

    215,000     236,500

Province of Ontario Canada
4.100%, 06/16/14

    1,815,000     1,918,936

Russian Federation
7.500%, 03/31/30 (c)

    172,800     188,136

U.K. Treasury
4.250%, 12/07/49 (GBP)

    780,000     1,290,655
       
      11,938,352
       

Gas Utilities—0.0%

   

CenterPoint Energy, Inc.
7.250%, 09/01/10

    345,000     354,204
       

Government Agency—0.9%

   

Chicago Metropolitan Water Reclamation District

 

5.720%, 12/01/38

    690,000     747,877

Dallas Area Rapid Transit
5.999%, 12/01/44

    375,000     415,916

Metropolitan Transportation Authority
7.336%, 11/15/39

    895,000     1,106,247

New York State Dormitory Authority
5.628%, 03/15/39

    775,000     814,556

Port Authority of New York & New Jersey
6.040%, 12/01/29

    565,000     615,053

State of California
5.450%, 04/01/15

    3,300,000     3,449,292

State of Texas
5.517%, 04/01/39

    1,830,000     1,946,223

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

BlackRock Diversified Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Fixed Income—(Continued)

 

 

Security Description   Par
Amount
 

Value

   

Government Agency—(Continued)

   

Tennessee Valley Authority
5.250%, 09/15/39

  $ 2,390,000   $ 2,521,744

5.980%, 04/01/36

    430,000     493,785
       
      12,110,693
       

Health Care Providers & Services—0.0%

HCA, Inc.
5.750%, 03/15/14

    358,000     315,935
       

Hotels, Restaurants & Leisure—0.0%

   

Harrah’s Operating Co., Inc. (144A)
10.000%, 12/15/18

    275,000     218,625
       

Independent Power Producers & Energy Traders—0.0%

Energy Future Holdings Corp.
5.550%, 11/15/14

    70,000     47,771

NRG Energy, Inc.
7.375%, 02/01/16

    170,000     164,475
       
      212,246
       

Industrial Conglomerates—0.0%

   

General Electric Co.
5.000%, 02/01/13

    250,000     263,725
       

Insurance—0.3%

   

Chubb Corp.
6.375%, 03/29/67 (c)

    1,100,000     990,000

Lincoln National Corp.
6.050%, 04/20/67

    675,000     455,625

7.000%, 05/17/66 (c)

    640,000     457,600

The Progressive Corp.
6.700%, 06/15/37 (c)

    1,040,000     894,086

The Travelers Cos., Inc.
6.250%, 03/15/67 (c)

    1,125,000     989,129
       
      3,786,440
       

Media—0.6%

   

Comcast Cable Communications, LLC
8.875%, 05/01/17

    880,000     1,085,276

Comcast Corp.
6.500%, 01/15/17

    10,000     10,976

6.950%, 08/15/37

    180,000     200,909

7.050%, 03/15/33

    235,000     266,505

Cox Communications, Inc. (144A)
8.375%, 03/01/39

    975,000     1,202,736

News America, Inc.
6.200%, 12/15/34

    660,000     649,359

6.650%, 11/15/37

    10,000     10,417

TCI Communications, Inc.
7.875%, 02/15/26

    1,300,000     1,521,719

Time Warner Cable, Inc.
6.200%, 07/01/13

    960,000     1,045,821

Time Warner, Inc.
6.875%, 05/01/12

    1,875,000     2,064,037

7.625%, 04/15/31

    260,000     291,392
       
      8,349,147
       
Security Description   Par
Amount
 

Value

   

Metals & Mining—0.0%

   

Ispat Inland, U.L.C.
9.750%, 04/01/14

  $ 155,000   $ 162,362

Steel Dynamics, Inc.
6.750%, 04/01/15

    45,000     43,088

7.375%, 11/01/12

    15,000     15,150

Vale Overseas, Ltd.
6.875%, 11/21/36

    245,000     253,460
       
      474,060
       

Multi-Utilities—0.0%

   

Pacific Gas & Electric Co.
5.800%, 03/01/37

    20,000     21,652

6.050%, 03/01/34

    210,000     233,605
       
      255,257
       

Office Electronics—0.1%

   

Xerox Corp.
6.875%, 08/15/11

    975,000     1,039,918
       

Oil, Gas & Consumable Fuels—0.5%

   

Anadarko Petroleum Corp.
5.950%, 09/15/16

    200,000     211,912

6.450%, 09/15/36

    160,000     165,199

Canadian Natural Resources, Ltd.
6.250%, 03/15/38

    800,000     852,270

Cenovus Energy, Inc. (144A)
6.750%, 11/15/39

    805,000     867,414

ConocoPhillips
4.600%, 01/15/15

    1,300,000     1,387,482

ConocoPhillips Holding Co.
6.950%, 04/15/29

    615,000     721,738

Occidental Petroleum Corp.
7.000%, 11/01/13

    220,000     254,162

Pemex Project Funding Master Trust
6.625%, 06/15/35

    305,000     294,611

Sabine Pass LNG, L.P.
7.500%, 11/30/16 (b)

    700,000     597,625

XTO Energy, Inc.
6.750%, 08/01/37

    920,000     1,023,437
       
      6,375,850
       

Pharmaceuticals—0.3%

   

Eli Lilly & Co.
3.550%, 03/06/12

    920,000     963,433

Roche Holdings, Inc. (144A)
2.393%, 02/25/11 (c)

    445,000     457,078

5.000%, 03/01/14

    1,975,000     2,135,125

6.000%, 03/01/19

    280,000     311,679

Wyeth
5.950%, 04/01/37

    390,000     429,485
       
      4,296,800
       

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

BlackRock Diversified Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Fixed Income—(Continued)

 

 

Security Description   Par
Amount
 

Value

   

Real Estate Investment Trusts—0.0%

   

iStar Financial, Inc. (144A)
10.000%, 06/15/14

  $ 210,000   $ 170,625
       

Software—0.1%

   

Oracle Corp.
5.750%, 04/15/18

    980,000     1,079,803
       

U.S. Treasury—1.9%

   

U.S. Treasury Bonds
3.500%, 02/15/39 (b)

    5,800,000     5,254,440

U.S. Treasury Notes
1.000%, 09/30/11

    1,585,000     1,586,238

3.000%, 09/30/16

    18,000,000     18,071,712
       
      24,912,390
       

Wireless Telecommunication Services—0.2%

 

America Movil S.A.B. de C.V.
5.625%, 11/15/17

    90,000     93,047

Nextel Communications, Inc.
6.875%, 10/31/13

    150,000     139,125

Rogers Communications, Inc.
7.500%, 03/15/15

    240,000     276,679

Vodafone Group, Plc.
4.150%, 06/10/14

    1,860,000     1,910,084

7.750%, 02/15/10

    665,000     681,626
       
      3,100,561
       

Total Fixed Income
(Identified Cost $523,868,267)

      515,241,377
       
Fixed Income - Convertible—0.1%

Health Care Equipment & Supplies—0.0%

 

Conceptus, Inc.
2.250%, 02/15/27

    25,000     23,438
       

Household Durables—0.0%

   

Newell Rubbermaid, Inc.
5.500%, 03/15/14

    50,000     98,750
       

Semiconductors & Semiconductor Equipment—0.1%

 

Amkor Technology, Inc. (144A)
6.000%, 04/15/14

    50,000     121,625

Conexant Systems, Inc.
4.000%, 03/01/26

    225,000     190,687

Jazz Technologies, Inc.
8.000%, 12/31/11

    75,000     51,469

Jazz Technologies, Inc. (144A)
8.000%, 12/31/11

    100,000     68,625
       
      432,406
       

Specialty Retail—0.0%

   

Pier 1 Imports, Inc.
6.375%, 02/15/36 (c)

    50,000     46,812
Security Description   Par
Amount
 

Value

 
   

Specialty Retail—(Continued)

  

Pier 1 Imports, Inc. (144A)
6.375%, 02/15/36 (c)

  $ 100,000   $ 93,625   
         
      140,437   
         

Total Fixed Income - Convertible
(Identified Cost $625,416)

      695,031   
         
Short Term Investments—3.1%              

Mutual Funds—2.5%

   

State Street Navigator Securities Lending Prime Portfolio (h)

    33,938,512     33,938,512   
         

Repurchase Agreement—0.6%

   

State Street Repurchase Agreement dated 09/30/09 at 0.010% to be repurchased at $8,117,002 on 10/01/09, collateralized by $8,290,000 U.S. Treasury Bill due 03/18/10 with a value of $8,283,368.

    8,117,000     8,117,000   
         

Total Short Term Investments
(Identified Cost $42,055,512)

      42,055,512   
         

Total Investments—105.8%
(Identified Cost $1,375,020,045) (i)

      1,428,996,890   

Liabilities in excess of other assets

      (77,851,850
         
Net Assets—100%     $ 1,351,145,040   
         

 

(a) Non-Income Producing.
(b) All or a portion of the security was on loan. As of September 30, 2009, the market value of securities loaned was $33,302,798 and the collateral received consisted of cash in the amount of $33,938,512. The cash collateral is invested in a money market fund managed by an affiliate of the custodian
(c) Variable or Floating Rate Security. Rate disclosed is as of September 30, 2009.
(d) Security was valued in good faith under procedures established by the Board of Directors.
(e) Zero Valued Security.
(f) Non-Income Producing; Defaulted Bond.
(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, 2009 was $1,375,020,045 and the composition of unrealized appreciation and depreciation of investment securities was $104,854,969 and $(50,878,124), 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, 2009, the market value of 144A securities was $30,715,476, which is 2.3% of total net assets.

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

BlackRock Diversified Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

 

 

(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.
(GBP)— British Pound

 

Forward Contracts               

Forward Currency Contracts

   Counterparty    Delivery Date    Local
Currency
Amount
    Aggregate
Face
Value
    Valuation as of
9/30/2009
    Unrealized
Appreciation
 

Pound Sterling (sold)

   CitiBank    10/28/2009    1,615,500      $ 2,640,535      $ 2,584,825      $ 55,710   
                    
Futures Contracts               

Futures Contracts-Long

   Counterparty    Expiration
Date
   Number of
Contracts
    Contract
Amount
    Valuation as of
9/30/2009
    Unrealized
Appreciation/
Depreciation
 

UK Long GILT Bond Futures

   JPMorgan Chase    12/29/2009    9      $ 1,694,680      $ 1,707,477      $ 12,797   

U.S. Treasury Notes 5 Year Futures

   JPMorgan Chase    12/31/2009    464        53,568,050        53,867,500        299,450   

U.S. Treasury Bond 10 Year Futures

   JPMorgan Chase    12/21/2009    4        472,696        473,313        617   

Futures Contracts-Short

                                  

U.S. Treasury Notes 2 Year Futures

   JPMorgan Chase    12/31/2009    (93     (20,152,389     (20,178,094     (25,705

U.S. Treasury Bond 30 Year Futures

   JPMorgan Chase    12/21/2009    (14     (1,667,829     (1,699,250     (31,421
                    

Net Unrealized Appreciation

               $ 255,738   
                    
TBA Sale Commitments   

Federal Agencies

   Face
Amount
    Value  

Federal Home Loan Mortgage Corp.
5.000% (15 Year TBA)

   $ (2,500,000   $ (2,623,438

5.500% (30 Year TBA)

     (2,200,000     (2,294,961

Federal National Mortgage Association
4.500% (15 Year TBA)

     (1,600,000     (1,656,499

5.000% (15 Year TBA)

     (2,300,000     (2,408,594

5.000% (30 Year TBA)

     (11,800,000     (12,142,932

5.500% (15 Year TBA)

     (2,400,000     (2,538,000

6.000% (30 Year TBA)

     (19,500,000     (20,572,500
          

Total TBA Sale Commitments (Proceeds Cost $(44,079,755))

     $ (44,236,924
          

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

BlackRock Diversified Portfolio

 

 

 

VALUATION INPUTS

 

The Portfolio is subject to the provisions of the Statement of Financial Accounting Standards No. 157, Fair Value Measurements (“FAS 157”). FAS 157 establishes a framework for measuring fair value and expands disclosures about fair value measurements in 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 Portfolio’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 investments as of September 30, 2009:

 

Description    Level 1     Level 2     Level 3    Total  

Total Common Stock

   $ 871,004,970      $ —        $ —      $ 871,004,970   

Total Fixed Income

     —          515,241,377        —        515,241,377   

Total Fixed Income - Convertible

     —          695,031        —        695,031   
Short Term Investments          

Mutual Funds

     33,938,512        —          —        33,938,512   

Repurchase Agreement

     8,117,000        —          —        8,117,000   

Total Short Term Investments

     42,055,512        —          —        42,055,512   

Total Investments

   $ 913,060,482      $ 515,936,408      $ —      $ 1,428,996,890   
                                 
Futures Contracts*          

Futures Contracts Long (Appreciation)

     300,067        12,797        —        312,864   

Futures Contracts Short (Depreciation)

     (57,126     —          —        (57,126
Forward Contracts*          

Forward Currency Contracts (Appreciation)

     —          55,710        —        55,710   
TBA Sales Commitments          

Federal Agencies

     —          (44,236,924     —        (44,236,924

Total Liabilities

   $ 242,941      $ (44,168,417   $ —      $ (43,925,476
                                 

 

* Derivative instruments such as forwards, futures, swap contracts and written options are valued based on the unrealized appreciation/depreciation on the instrument.

 

MSF-40


Table of Contents

Metropolitan Series Fund, Inc.

 

BlackRock Large Cap Value Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—99.9% of Net Assets

 

Security Description   Shares   Value
   

Aerospace & Defense—2.9%

   

L-3 Communications Holdings, Inc.

  173,000   $ 13,895,360

Northrop Grumman Corp.

  365,000     18,888,750

Raytheon Co.

  400,000     19,188,000
       
      51,972,110
       

Beverages—0.5%

   

Coca-Cola Enterprises, Inc.

  400,000     8,564,000
       

Biotechnology—0.8%

   

Amgen, Inc. (a)

  240,000     14,455,200
       

Capital Markets—2.9%

   

Raymond James Financial, Inc.

  120,000     2,793,600

The Goldman Sachs Group, Inc.

  260,000     47,931,000
       
      50,724,600
       

Chemicals—1.2%

   

Cabot Corp.

  120,000     2,773,200

CF Industries Holdings, Inc.

  160,000     13,796,800

Terra Industries, Inc.

  150,000     5,200,500
       
      21,770,500
       

Commercial Banks—0.2%

   

Wells Fargo & Co.

  120,000     3,381,600
       

Commercial Services & Supplies—0.5%

   

Avery Dennison Corp. (b)

  120,000     4,321,200

Pitney Bowes, Inc.

  203,000     5,044,550
       
      9,365,750
       

Computers & Peripherals—1.5%

   

EMC Corp. (a)

  451,000     7,685,040

Western Digital Corp. (a)

  500,000     18,265,000
       
      25,950,040
       

Construction & Engineering—0.6%

   

URS Corp. (a)

  250,000     10,912,500
       

Consumer Finance—0.9%

   

Discover Financial Services

  970,000     15,743,100
       

Containers & Packaging—0.9%

   

Pactiv Corp. (a)

  420,000     10,941,000

Temple-Inland, Inc.

  260,000     4,269,200
       
      15,210,200
       

Diversified Financial Services—2.1%

   

Bank of America Corp.

  870,000     14,720,400

JPMorgan Chase & Co.

  480,000     21,033,600

The NASDAQ OMX Group, Inc. (a)

  50,000     1,052,500
       
      36,806,500
       

Diversified Telecommunication Services—6.6%

 

AT&T, Inc.

  2,570,000     69,415,700
Security Description   Shares   Value
   

Diversified Telecommunication Services—(Continued)

 

Frontier Communications Corp.

  300,000   $ 2,262,000

Verizon Communications, Inc.

  1,500,000     45,405,000
       
      117,082,700
       

Electric Utilities—0.7%

   

Edison International

  350,000     11,753,000
       

Electrical Equipment—0.5%

   

Thomas & Betts Corp. (a)

  300,000     9,024,000
       

Electronic Equipment, Instruments & Components—1.4%

Ingram Micro, Inc. (a)

  724,000     12,199,400

Tech Data Corp. (a) (b)

  310,000     12,899,100
       
      25,098,500
       

Energy Equipment & Services—7.1%

   

ENSCO International, Inc.

  470,000     19,993,800

Helmerich & Payne, Inc. (b)

  230,000     9,091,900

Nabors Industries, Ltd. (a)

  1,040,000     21,736,000

National Oilwell Varco, Inc. (a)

  560,000     24,152,800

Pride International, Inc. (a) (b)

  300,000     9,132,000

Rowan Cos., Inc. (a)

  770,000     17,763,900

Superior Energy Services, Inc. (a)

  300,000     6,756,000

Tidewater, Inc.

  323,000     15,210,070

Unit Corp. (a)

  70,000     2,887,500
       
      126,723,970
       

Food Products—3.0%

   

Archer-Daniels-Midland Co.

  680,000     19,869,600

ConAgra Foods, Inc.

  270,000     5,853,600

Del Monte Foods Co.

  1,100,000     12,738,000

Sara Lee Corp.

  1,390,000     15,484,600
       
      53,945,800
       

Gas Utilities—1.7%

   

Atmos Energy Corp.

  460,000     12,962,800

Energen Corp.

  180,000     7,758,000

UGI Corp.

  390,000     9,773,400
       
      30,494,200
       

Health Care Equipment & Supplies—0.7%

   

Hospira, Inc. (a)

  290,000     12,934,000
       

Health Care Providers & Services—10.3%

   

Aetna, Inc.

  720,000     20,037,600

AmerisourceBergen Corp.

  753,800     16,870,044

CIGNA Corp.

  300,000     8,427,000

Community Health Systems, Inc. (a) (b)

  445,000     14,208,850

Coventry Health Care, Inc. (a)

  400,000     7,984,000

Health Net, Inc. (a) (b)

  398,000     6,129,200

Humana, Inc. (a)

  186,000     6,937,800

LifePoint Hospitals, Inc. (a)

  346,000     9,362,760

McKesson Corp.

  270,000     16,078,500

Omnicare, Inc.

  335,000     7,544,200

Quest Diagnostics, Inc.

  170,000     8,872,300

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

BlackRock Large Cap Value Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—(Continued)

 

 

Security Description   Shares   Value
   

Health Care Providers & Services—(Continued)

 

Tenet Healthcare Corp. (a)

  460,000   $ 2,704,800

UnitedHealth Group, Inc.

  1,090,000     27,293,600

Universal Health Services, Inc. (Class B)

  100,000     6,193,000

WellPoint, Inc. (a)

  500,000     23,680,000
       
      182,323,654
       

Household Durables—1.6%

   

Garmin, Ltd. (b)

  250,000     9,435,000

Leggett & Platt, Inc. (b)

  748,000     14,511,200

M.D.C. Holdings, Inc.

  110,000     3,821,400
       
      27,767,600
       

Independent Power Producers & Energy Traders—0.8%

Dynegy, Inc. (a)

  1,220,000     3,111,000

The AES Corp. (a)

  780,000     11,559,600
       
      14,670,600
       

Industrial Conglomerates—1.3%

   

General Electric Co.

  1,430,000     23,480,600
       

Insurance—9.3%

   

American Financial Group, Inc.

  574,000     14,637,000

Arch Capital Group, Ltd. (a)

  130,000     8,780,200

Axis Capital Holdings, Ltd.

  380,000     11,468,400

Everest Re Group, Ltd.

  150,000     13,155,000

HCC Insurance Holdings, Inc.

  600,000     16,410,000

PartnerRe, Ltd.

  250,000     19,235,000

RenaissanceRe Holdings, Ltd.

  160,000     8,761,600

StanCorp Financial Group, Inc.

  60,000     2,422,200

The Chubb Corp.

  480,000     24,196,800

The Travelers Cos., Inc.

  540,000     26,584,200

Unum Group

  910,000     19,510,400
       
      165,160,800
       

IT Services—2.3%

   

Affiliated Computer Services, Inc. (Class A) (a)

  90,000     4,875,300

Amdocs, Ltd. (a)

  120,000     3,225,600

Computer Sciences Corp. (a)

  255,000     13,441,050

DST Systems, Inc. (a)

  220,000     9,856,000

Fidelity National Information Services, Inc. (b)

  170,000     4,336,700

SAIC, Inc. (a)

  280,000     4,911,200
       
      40,645,850
       

Machinery—1.1%

   

Joy Global, Inc.

  380,000     18,597,200
       

Metals & Mining—0.8%

   

Commercial Metals Co.

  300,000     5,370,000

Reliance Steel & Aluminum Co.

  60,000     2,553,600

Schnitzer Steel Industries, Inc.

  110,000     5,857,500
       
      13,781,100
       

Multi-Utilities—0.8%

   

Ameren Corp.

  180,000     4,550,400

CMS Energy Corp. (b)

  750,000     10,050,000
       
      14,600,400
       
Security Description   Shares   Value
   

Multiline Retail—1.0%

   

Kohl’s Corp. (a)

  320,000   $ 18,256,000
       

Oil, Gas & Consumable Fuels—16.2%

   

Anadarko Petroleum Corp.

  470,000     29,483,100

Chevron Corp.

  180,000     12,677,400

ConocoPhillips

  890,000     40,192,400

El Paso Corp.

  1,900,000     19,608,000

Exxon Mobil Corp.

  710,000     48,713,100

Marathon Oil Corp.

  790,000     25,201,000

Murphy Oil Corp.

  130,000     7,484,100

Occidental Petroleum Corp.

  490,000     38,416,000

Overseas Shipholding Group, Inc. (b)

  40,000     1,494,800

Southern Union Co.

  70,000     1,455,300

Tesoro Corp. (b)

  1,230,000     18,425,400

The Williams Cos., Inc.

  1,210,000     21,622,700

Valero Energy Corp.

  1,070,000     20,747,300

XTO Energy, Inc.

  60,000     2,479,200
       
      287,999,800
       

Paper & Forest Products—1.3%

   

International Paper Co.

  950,000     21,118,500

MeadWestvaco Corp.

  120,000     2,677,200
       
      23,795,700
       

Pharmaceuticals—7.2%

   

Endo Pharmaceuticals Holdings, Inc. (a)

  498,000     11,269,740

Forest Laboratories, Inc. (a)

  700,000     20,608,000

Johnson & Johnson

  460,000     28,009,400

Pfizer, Inc.

  220,000     3,641,000

Schering-Plough Corp.

  690,000     19,492,500

Watson Pharmaceuticals, Inc. (a)

  285,000     10,442,400

Wyeth

  700,000     34,006,000
       
      127,469,040
       

Road & Rail—1.6%

   

CSX Corp.

  540,000     22,604,400

Ryder System, Inc.

  150,000     5,859,000
       
      28,463,400
       

Software—1.6%

   

CA, Inc.

  818,000     17,987,820

Synopsys, Inc. (a)

  477,400     10,703,308
       
      28,691,128
       

Specialty Retail—4.8%

   

AutoNation, Inc. (a) (b)

  540,000     9,763,200

Barnes & Noble, Inc. (b)

  340,000     7,554,800

Foot Locker, Inc.

  780,000     9,321,000

Limited Brands, Inc.

  1,000,000     16,990,000

Office Depot, Inc. (a)

  910,000     6,024,200

RadioShack Corp.

  1,050,000     17,398,500

The Gap, Inc.

  880,000     18,832,000
       
      85,883,700
       

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

BlackRock Large Cap Value Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares   Value  
   

Tobacco—1.1%

   

Reynolds American, Inc.

    420,000   $ 18,698,400   
         

Trading Companies & Distributors—0.1%

  

WESCO International, Inc. (a) (b)

    70,000     2,016,000   
         

Total Common Stock
(Identified Cost $1,578,997,978)

      1,774,213,242   
         
Short Term Investments—1.4%   
Security Description   Shares/Par
Amount
  Value  

Mutual Funds—1.0%

   

State Street Navigator Securities Lending Prime Portfolio (c)

    18,083,603     18,083,603   
         

Repurchase Agreement—0.4%

   

State Street Repurchase Agreement dated 09/30/09 at 0.010% to be repurchased at $6,989,002 on 10/01/09, collateralized by $7,120,000 Federal Home Loan Mortgage Corp. due 04/01/11 with a value of $7,128,900.

  $ 6,989,000     6,989,000   
         

Total Short Term Investments
(Identified Cost $25,072,603)

      25,072,603   
         

Total Investments—101.3%
(Identified Cost $1,604,070,581) (d)

      1,799,285,845   

Liabilities in excess of other assets

      (22,652,514
         
Net Assets—100%     $ 1,776,633,331   
         

 

(a) Non-Income Producing.
(b) All or a portion of the security was on loan. As of September 30, 2009 the market value of securities loaned was $17,715,409 and the collateral received consisted of cash in the amount of $18,083,603. 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, 2009 was $1,604,070,581 and the composition of unrealized appreciation and depreciation of investment securities was $206,569,075 and $(11,353,811), respectively.

 

VALUATION INPUTS

 

The Portfolio is subject to the provisions of the Statement of Financial Accounting Standards No. 157, Fair Value Measurements (“FAS 157”). FAS 157 establishes aframework for measuring fair value and expands disclosures about fair value measurements in 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 Portfolio’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 investments as of September 30, 2009:

 

Description    Level 1    Level 2    Level 3    Total

Total Common Stock

   $ 51,972,110    $ —      $ —      $ 51,972,110
Short Term Investments            

Mutual Funds

     18,083,603      —        —        18,083,603

Repurchase Agreement

     —        6,989,000      —        6,989,000

Total Short Term Investments

     18,083,603      6,989,000      —        25,072,603

Total Investments

   $ 1,792,296,845    $ 6,989,000    $ —      $ 1,799,285,845
                             

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

BlackRock Legacy Large Cap Growth Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—99.7% of Net Assets

 

Security Description   Shares   Value
   

Air Freight & Logistics—3.1%

   

C. H. Robinson Worldwide, Inc.

  142,400   $ 8,223,600

United Parcel Service, Inc. (Class B)

  267,000     15,077,490
       
      23,301,090
       

Airlines—1.5%

   

Delta Air Lines, Inc. (a)

  1,279,900     11,467,904
       

Beverages—3.4%

   

PepsiCo, Inc.

  119,300     6,998,138

The Coca-Cola Co.

  357,997     19,224,439
       
      26,222,577
       

Biotechnology—5.1%

   

Amgen, Inc. (a)

  268,000     16,141,640

Celgene Corp. (a)

  204,200     11,414,780

Genzyme Corp. (a)

  198,350     11,252,395
       
      38,808,815
       

Capital Markets—1.4%

   

The Goldman Sachs Group, Inc.

  59,500     10,968,825
       

Chemicals—0.9%

   

Ecolab, Inc.

  139,800     6,462,954
       

Commercial Banks—0.5%

   

Wells Fargo & Co.

  135,500     3,818,390
       

Communications Equipment—7.6%

   

Cisco Systems, Inc. (a)

  1,008,637     23,743,315

Palm, Inc. (a) (b)

  346,600     6,041,238

QUALCOMM, Inc.

  620,848     27,925,743
       
      57,710,296
       

Computers & Peripherals—9.7%

   

Apple, Inc. (a)

  198,917     36,873,244

EMC Corp. (a)

  411,700     7,015,368

Hewlett-Packard Co.

  316,400     14,937,244

International Business Machines Corp.

  56,100     6,710,121

NetApp, Inc. (a)

  48,000     1,280,640

Seagate Technology (a)

  431,600     6,564,636
       
      73,381,253
       

Diversified Financial Services—2.3%

   

CME Group, Inc.

  30,300     9,338,157

JPMorgan Chase & Co.

  181,100     7,935,802
       
      17,273,959
       

Energy Equipment & Services—1.6%

   

Schlumberger, Ltd.

  76,493     4,558,983

Transocean, Ltd. (a)

  85,463     7,309,650
       
      11,868,633
       

Food & Staples Retailing—2.1%

   

Wal-Mart Stores, Inc.

  325,356     15,971,726
       
Security Description   Shares   Value
   

Health Care Equipment & Supplies—3.7%

   

Boston Scientific Corp. (a)

  1,426,900   $ 15,110,871

Zimmer Holdings, Inc. (a)

  240,400     12,849,380
       
      27,960,251
       

Health Care Providers & Services—2.2%

   

Medco Health Solutions, Inc. (a)

  203,440     11,252,266

UnitedHealth Group, Inc.

  99,640     2,494,986

WellPoint, Inc. (a)

  57,900     2,742,144
       
      16,489,396
       

Health Care Technology—1.0%

   

Cerner Corp. (a) (b)

  103,600     7,749,280
       

Hotels, Restaurants & Leisure—1.8%

   

Las Vegas Sands Corp. (a) (b)

  192,880     3,248,099

Starbucks Corp. (a)

  285,000     5,885,250

Starwood Hotels & Resorts Worldwide, Inc. (b)

  147,310     4,865,650
       
      13,998,999
       

Household Products—3.0%

   

Procter & Gamble Co.

  400,200     23,179,584
       

Industrial Conglomerates—2.1%

   

3M Co.

  218,900     16,154,820
       

Insurance—1.0%

   

Principal Financial Group, Inc.

  290,200     7,948,578
       

Internet & Catalog Retail—1.6%

   

Amazon.com, Inc. (a)

  134,100     12,519,576
       

Internet Software & Services—4.6%

   

Baidu, Inc. (ADR) (a)

  13,800     5,396,490

Google, Inc. (Class A) (a)

  60,255     29,877,442
       
      35,273,932
       

Life Sciences Tools & Services—0.7%

   

Covance, Inc. (a)

  96,800     5,241,720
       

Machinery—4.5%

   

Cummins, Inc.

  184,300     8,258,483

Danaher Corp.

  274,600     18,486,072

PACCAR, Inc. (b)

  194,000     7,315,740
       
      34,060,295
       

Media—1.1%

   

CBS Corp. (Class B)

  689,010     8,302,571
       

Metals & Mining—2.5%

   

Agnico-Eagle Mines, Ltd.

  115,500     7,836,675

Freeport-McMoRan Copper & Gold, Inc. (a)

  92,825     6,368,723

United States Steel Corp. (b)

  114,500     5,080,365
       
      19,285,763
       

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

BlackRock Legacy Large Cap Growth Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—(Continued)

 

Security Description       
Shares
  Value
   

Multiline Retail—3.3%

   

J.C. Penney Co., Inc.

  200,300   $ 6,760,125

Kohl’s Corp. (a)

  325,822     18,588,145
       
      25,348,270
       

Oil, Gas & Consumable Fuels—3.0%

   

Exxon Mobil Corp.

  112,600     7,725,486

PetroHawk Energy Corp. (a)

  427,700     10,354,617

Range Resources Corp. (b)

  103,200     5,093,952
       
      23,174,055
       

Personal Products—1.3%

   

Avon Products, Inc.

  286,700     9,736,332
       

Pharmaceuticals—4.3%

   

Abbott Laboratories

  333,600     16,503,192

Pfizer, Inc.

  527,400     8,728,470

Teva Pharmaceutical Industries, Ltd. (ADR)

  148,100     7,487,936
       
      32,719,598
       

Professional Services—0.5%

   

Manpower, Inc.

  61,300     3,476,323
       

Semiconductors & Semiconductor Equipment—5.2%

 

Broadcom Corp. (a)

  355,400     10,907,226

Lam Research Corp. (a)

  257,766     8,805,286

Micron Technology, Inc. (a) (b)

  640,600     5,252,920

NVIDIA Corp. (a)

  428,220     6,436,147

PMC-Sierra, Inc. (a)

  828,484     7,920,307
       
      39,321,886
       

Software—7.6%

   

Activision Blizzard, Inc. (a)

  433,200     5,367,348

Check Point Software Technologies (a)

  343,720     9,744,462

Microsoft Corp.

  1,132,600     29,323,014

Oracle Corp.

  177,900     3,707,436

Salesforce.com, Inc. (a) (b)

  168,758     9,607,393
       
      57,749,653
       

Specialty Retail—2.9%

   

Carmax, Inc. (a) (b)

  330,900     6,915,810

Home Depot, Inc.

  274,200     7,304,688

Ross Stores, Inc.

  161,161     7,698,661
       
      21,919,159
       

Tobacco—1.5%

   

Philip Morris International, Inc.

  227,769     11,101,461
       

Wireless Telecommunication Services—1.1%

 

American Tower Corp. (Class A) (a)

  220,798     8,037,047
       

Total Common Stock
(Identified Cost $652,175,267)

      758,004,971
       
Short Term Investments—2.5%    
Security Description   Shares/Par
Amount
  Value  
   

Mutual Funds—2.0%

   

State Street Navigator Securities Lending Prime Portfolio (c)

    15,406,781   $ 15,406,781   
         

Repurchase Agreement—0.5%

   

State Street Repurchase Agreement dated 09/30/09 at 0.010% to be repurchased at $3,929,001 on 10/01/09, collateralized by $4,005,000 Federal Home Loan Mortgage Corp. due 04/01/11 with a value of $4,010,006.

  $ 3,929,000     3,929,000   
         

Total Short Term Investments
(Identified Cost $19,335,781)

      19,335,781   
         

Total Investments—102.2%
(Identified Cost $671,511,048) (d)

      777,340,752   

Liabilities in excess of other assets

      (16,917,031
         
Net Assets—100%     $ 760,423,721   
         

 

(a) Non-Income Producing.
(b) All or a portion of the security was on loan. As of September 30, 2009 the market value of securities loaned was $15,085,302 and the collateral received consisted of cash in the amount of $15,406,781. 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, 2009 was $671,511,048 and the composition of unrealized appreciation and depreciation of investment securities was $108,922,131 and $(3,092,427), 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-45


Table of Contents

Metropolitan Series Fund, Inc.

 

BlackRock Legacy Large Cap Growth Portfolio

 

 

VALUATION INPUTS

 

The Portfolio is subject to the provisions of the Statement of Financial Accounting Standards No. 157, Fair Value Measurements (“FAS 157”). FAS 157 establishes aframework for measuring fair value and expands disclosures about fair value measurements in 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 Portfolio’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 investments as of September 30, 2009:

 

Description    Level 1    Level 2    Level 3    Total

Total Common Stock

   $ 758,004,971    $ —      $ —      $ 758,004,971
Short Term Investments            

Mutual Funds

     15,406,781      —        —        15,406,781

Repurchase Agreement

     —        3,929,000      —        3,929,000

Total Short Term Investments

     15,406,781      3,929,000      —        19,335,781

Total Investments

   $ 773,411,752    $ 3,929,000    $ —      $ 777,340,752
                             

 

 

MSF-46


Table of Contents

Metropolitan Series Fund, Inc.

 

BlackRock Money Market Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Commercial Paper—58.6% of Net Assets

 

 

Security Description   Par
Amount
  Value
   
   

Asset Backed—19.9%

   

Antalis U.S. Funding Corp.
0.370%, 10/14/09

  $ 10,000,000   $ 9,998,664

0.230%, 11/06/09

    20,000,000     19,995,400

0.240%, 11/13/09

    10,000,000     9,997,133

0.260%, 11/17/09

    21,000,000     20,992,872

Atlantis One Funding Corp.
0.300%, 10/13/09

    30,000,000     29,997,000

0.260%, 12/07/09

    10,000,000     9,995,161

Charta, LLC
1.000%, 11/03/09

    30,000,000     29,993,125

0.240%, 11/18/09

    25,000,000     24,992,000

Ciesco, LLC
0.290%, 10/02/09

    15,500,000     15,499,875

Erasmus Capital Corp.
0.010%, 10/01/09

    20,000,000     20,000,000

Manhattan Asset Funding Co., LLC
0.150%, 10/01/09

    25,818,000     25,818,000

0.350%, 10/01/09

    24,000,000     24,000,000

0.260%, 10/05/09

    36,095,000     36,093,957

Mont Blanc Capital Corp.
1.000%, 12/14/09

    25,000,000     24,986,125

Nieuw Amsterdam Receivables Corp.
0.230%, 10/15/09

    12,000,000     11,998,927

Romulus Funding Corp.
0.450%, 10/26/09

    20,000,000     19,993,750

1.000%, 10/28/09

    17,000,000     16,991,712

Straight-A Funding, LLC
0.270%, 11/16/09

    20,000,000     19,993,100

0.230%, 12/09/09

    24,129,000     24,118,363

1.000%, 12/15/09

    20,000,000     19,990,417

Tulip Funding Corp.
1.000%, 10/06/09

    25,000,000     24,999,236
       
      440,444,817
       

Asset Backed - Other—11.6%

   

Aspen Funding Corp.
0.210%, 10/15/09

    30,000,000     29,997,550

Cancara Asset Securitisation, LLC
0.260%, 10/09/09

    40,000,000     39,997,689

0.260%, 10/14/09

    50,000,000     49,995,305

0.300%, 11/16/09

    20,000,000     19,992,333

Fairway Finance Co., LLC
0.240%, 12/15/09

    10,146,000     10,140,927

Scaldis Capital, LLC
0.260%, 10/01/09

    30,000,000     30,000,000

0.320%, 11/02/09

    28,000,000     27,992,036

Solitaire Funding, LLC
0.350%, 10/07/09

    25,000,000     24,998,542

0.280%, 11/24/09

    24,000,000     23,989,920
       
      257,104,302
       

Commercial Banks—3.1%

   

Dexia Delaware, LLC
0.260%, 10/02/09

    20,000,000     19,999,855

1.000%, 10/07/09

    30,000,000     29,998,750
Security Description   Par
Amount
  Value
   

Commercial Banks—(Continued)

   

Societe Generale North America, Inc.
0.505%, 12/14/09

  $ 18,000,000   $ 17,981,315
       
      67,979,920
       

Diversified Financial Services—7.7%

 

CBA Finance (Delaware)
0.280%, 11/06/09

    45,000,000     44,987,400

Citigroup Funding, Inc.
0.400%, 10/07/09

    65,000,000     64,995,667

Nordea North America
1.000%, 12/18/09

    40,000,000     39,979,200

Royal Bank of Scotland Group, Plc.
0.550%, 10/19/09

    20,000,000     19,994,500
       
      169,956,767
       

Federal Agencies—3.5%

   

Federal Home Loan Bank
0.010%, 10/01/09

    50,000,000     50,000,000

0.670%, 02/05/10 (a)

    13,100,000     13,100,000

0.755%, 02/26/10 (a)

    14,130,000     14,130,000
       
      77,230,000
       

U.S. Treasury—4.4%

   

U.S. Treasury Bills
0.010%, 03/25/10

    15,000,000     14,986,511

0.010%, 07/01/10

    22,000,000     21,909,076

0.010%, 07/15/10

    54,900,000     54,737,560

0.500%, 07/29/10

    5,000,000     4,980,351
       
      96,613,498
       

Yankee—8.4%

   

ANZ National International, Ltd.
1.000%, 02/01/10

    18,000,000     17,979,705

Banco Bilboa Vizcaya
1.000%, 11/13/09

    30,000,000     29,964,167

Danske Corp. - GTD
0.320%, 10/02/09

    13,641,000     13,640,879

1.100%, 10/16/09

    15,000,000     14,993,125

0.740%, 11/05/09

    20,000,000     19,985,611

0.010%, 12/30/09

    10,000,000     9,993,250

0.540%, 12/30/09

    10,000,000     9,986,500

0.400%, 02/01/10

    20,000,000     19,972,667

DnB NOR Bank ASA
1.600%, 10/08/09

    50,000,000     49,984,444
       
      186,500,348
       

Total Commercial Paper
(Identified Cost $1,295,829,652)

      1,295,829,652
       
Certificate of Deposit—43.0%            

Commercial Banks—22.7%

   

Banco Bilbao Vizcaya Argentina (NY)
1.070%, 10/29/09 (a)

    20,000,000     20,000,155

 

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-47


Table of Contents

Metropolitan Series Fund, Inc.

 

BlackRock Money Market Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Certificate of Deposit—(Continued)

 

 

Security Description   Par
Amount
  Value
   

Commercial Banks—(Continued)

   

Banco Bilbao Vizcaya Argentina (NY)
0.525%, 12/30/09 (a)

  $ 28,000,000   $ 28,000,349

Banco Bilboa Vizcaya Argentaria
0.320%, 03/31/10

    15,000,000     15,000,379

Bank of Montreal (Chicago)
0.260%, 01/25/10

    15,000,000     15,000,000

Bank of Nova Scotia (Houston)
0.300%, 04/01/10

    20,000,000     20,000,000

BNP Paribas S.A. (NY)
0.830%, 11/05/09 (a)

    25,000,000     25,000,000

0.650%, 11/20/09 (a)

    12,000,000     12,000,000

0.550%, 12/04/09 (a)

    15,000,000     15,000,000

0.500%, 12/18/09 (a)

    15,000,000     15,000,000

0.470%, 01/08/10 (a)

    15,000,000     15,000,000

0.420%, 02/03/10 (a)

    10,000,000     10,000,000

DnB NOR Bank ASA (NY)
0.670%, 12/10/09 (a)

    14,000,000     14,000,000

Intesa San Paolo S.p.A. (NY)
0.350%, 10/05/09 (a)

    15,000,000     15,000,000

0.520%, 12/29/09 (a)

    30,000,000     30,000,000

0.490%, 01/11/10 (a)

    20,000,000     20,000,000

Rabobank Nederland NV (NY)
0.400%, 10/13/09 (a)

    14,000,000     14,000,000

0.400%, 02/05/10 (a)

    20,000,000     20,000,000

0.479%, 05/04/10 (a)

    28,000,000     28,000,000

0.285%, 06/25/10 (a)

    15,000,000     15,000,000

Societe Generale (NY)
0.800%, 11/06/09 (a)

    20,000,000     20,000,000

Svenska Handelsbanken (NY)
0.620%, 11/30/09 (a)

    15,000,000     15,000,125

0.570%, 12/14/09 (a)

    15,000,000     15,000,307

UBS AG (Stamford)
0.650%, 10/01/09 (a)

    40,800,000     40,800,000

0.620%, 10/08/09 (a)

    12,000,000     12,000,000

0.580%, 11/03/09 (a)

    25,000,000     25,000,000

0.360%, 01/06/10 (a)

    20,000,000     20,000,000

0.345%, 01/15/10

    10,000,000     10,000,000
       
      503,801,315
       

Diversified Financial Services—15.4%

Barclays Bank, Plc. (NY)
0.320%, 11/02/09 (a)

    30,000,000     30,000,000

0.650%, 02/26/10 (a)

    35,000,000     35,000,000

0.575%, 03/15/10

    25,000,000     25,000,000

Lloyds TSB Bank, Plc. (NY)
0.440%, 10/23/09 (a)

    30,500,000     30,500,000

0.440%, 10/26/09 (a)

    25,000,000     25,000,000

0.440%, 10/28/09 (a)

    5,000,000     5,000,000

0.420%, 11/04/09 (a)

    25,000,000     25,000,000

0.240%, 12/11/09

    10,000,000     10,000,000

Royal Bank of Scotland, Plc. (CT)
0.500%, 10/09/09 (a)

    20,000,000     20,000,000

0.350%, 12/04/09 (a)

    15,000,000     15,000,000

0.320%, 12/21/09

    20,000,000     20,000,000

0.300%, 12/30/09

    25,000,000     25,000,000
Security Description   Par
Amount
  Value  
   

Diversified Financial Services—(Continued)

  

Societe Generale (NY)
0.530%, 01/07/10 (a)

  $ 15,000,000   $ 15,000,000   

0.520%, 01/08/10 (a)

    25,000,000     25,000,000   

State Street Bank & Trust Co.
0.290%, 10/27/09 (a)

    35,000,000     35,000,000   
         
      340,500,000   
         

Personal Products—2.5%

   

Procter & Gamble International Fund
0.478%, 05/07/10 (a)

    54,600,000     54,600,000   
         
   

Yankee—2.4%

   

Abbey National Treasury Services
0.760%, 07/20/10 (a)

    16,875,000     16,875,000   

Nordea Bank AB (144A)
0.872%, 10/23/09 (a)

    11,800,000     11,800,000   

Westpac Banking Corp.
0.400%, 01/28/10 (a)

    25,000,000     25,000,000   
         
      53,675,000   
         

Total Certificate of Deposit
(Identified Cost $952,576,315)

      952,576,315   
         
Medium Term Notes—0.8%   

Commercial Banks—0.8%

   

Bank of Montreal (Chicago)
0.774%, 10/05/09 (a)

    14,950,000     14,950,000   

HSBC USA, Inc.
0.925%, 10/15/09 (a)

    2,740,000     2,740,000   
         

Total Medium Term Notes
(Identified Cost $17,690,000)

      17,690,000   
         

Total Investments—102.4%
(Identified Cost $2,266,095,967) (b)

      2,266,095,967   

Liabilities in excess of other assets

      (52,221,336
         
Net Assets—100%     $ 2,213,874,631   
         

 

(a) Variable or Floating Rate Security. Rate disclosed is as of September 30, 2009.
(b) The aggregate cost of investments for federal income tax purposes as of September 30, 2009 was $2,266,095,967.
(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, 2009, the market value of 144A securities was $11,800,000, which is 0.5% of total net assets.

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

BlackRock Money Market Portfolio

 

 

 

 

VALUATION INPUTS

 

The Portfolio is subject to the provisions of the Statement of Financial Accounting Standards No. 157, Fair Value Measurements (“FAS 157”). FAS 157 establishes a framework for measuring fair value and expands disclosures about fair value measurements in 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 Portfolio’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 investments as of September 30, 2009:

 

Description    Level 1    Level 2    Level 3    Total

Total Certificate of Deposit

   $ —      $ 952,576,315    $ —      $ 952,576,315

Total Commercial Paper

     —        1,295,829,652      —        1,295,829,652

Total Medium Term Notes

     —        17,690,000      —        17,690,000

Total Investments

   $ —      $ 2,266,095,967    $ —      $ 2,266,095,967
                             

 

 

 

MSF-49


Table of Contents

Metropolitan Series Fund, Inc.

 

BlackRock Strategic Value Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—98.0% of Net Assets

 

 

Security Description   Shares   Value
   

Aerospace & Defense—1.5%

   

Orbital Sciences Corp. (a)

  318,900   $ 4,773,933

Stanley, Inc. (a)

  91,100     2,343,092
       
      7,117,025
       

Air Freight & Logistics—0.5%

   

HUB Group, Inc. (Class A) (a)

  107,400     2,454,090
       

Auto Components—2.9%

   

Dana Holding Corp. (a) (b)

  504,300     3,434,283

Federal Mogul Corp. (a)

  205,300     2,477,971

Gentex Corp.

  376,900     5,333,135

Modine Manufacturing Co. (a)

  286,800     2,658,636
       
      13,904,025
       

Building Products—0.8%

   

Simpson Manufacturing Co., Inc.

  149,500     3,776,370
       

Capital Markets—2.4%

   

Evercore Partners, Inc.

  120,200     3,512,244

KBW, Inc. (a)

  248,918     8,020,138
       
      11,532,382
       

Chemicals—3.5%

   

Koppers Holdings, Inc.

  77,900     2,309,735

Olin Corp. (b)

  364,900     6,363,856

Sensient Technologies Corp.

  219,548     6,096,848

Solutia, Inc. (a)

  178,100     2,062,398
       
      16,832,837
       

Commercial Banks—8.8%

   

CVB Financial Corp. (b)

  716,100     5,435,199

Fulton Financial Corp. (b)

  327,100     2,407,456

Glacier Bancorp, Inc. (b)

  150,800     2,252,952

Independent Bank Corp. (b)

  109,600     2,425,448

Sterling Bancshares, Inc.

  888,100     6,492,011

TCF Financial Corp. (b)

  480,800     6,269,632

United Bankshares, Inc. (b)

  174,665     3,421,687

Westamerica Bancorp (b)

  96,167     5,000,684

Wintrust Financial Corp. (b)

  126,402     3,534,200

Zions Bancorp (b)

  306,300     5,504,211
       
      42,743,480
       

Commercial Services & Supplies—2.4%

   

The Brink’s Co.

  47,400     1,275,534

The GEO Group, Inc. (a)

  514,300     10,373,431
       
      11,648,965
       

Communications Equipment—1.7%

   

Adtran, Inc. (b)

  148,200     3,638,310

Arris Group, Inc. (a)

  342,800     4,459,828
       
      8,098,138
       
Security Description   Shares   Value
   

Construction & Engineering—2.7%

   

Chicago Bridge & Iron Co., NV (a)

  235,700   $ 4,402,876

Granite Construction, Inc. (b)

  174,500     5,399,030

Pike Electric Corp. (a) (b)

  265,700     3,183,086
       
      12,984,992
       

Construction Materials—1.1%

   

Texas Industries, Inc. (b)

  128,400     5,391,516
       

Diversified Consumer Services—0.4%

   

Brink’s Home Security Holdings, Inc. (a)

  58,200     1,791,978
       

Diversified Financial Services—2.6%

   

PHH Corp. (a) (b)

  630,790     12,514,874
       

Diversified Telecommunication Services—0.7%

Premiere Global Services, Inc. (a)

  385,100     3,200,181
       

Electric Utilities—0.9%

   

Unisource Energy Corp.

  142,300     4,375,725
       

Electrical Equipment—2.1%

   

Polypore International, Inc. (a)

  379,100     4,894,181

Regal-Beloit Corp. (b)

  112,850     5,158,374
       
      10,052,555
       

Electronic Equipment, Instruments & Components—2.3%

Anixter International, Inc. (a) (b)

  164,400     6,594,084

Tech Data Corp. (a)

  107,000     4,452,270
       
      11,046,354
       

Energy Equipment & Services—2.7%

   

Key Energy Services, Inc. (a)

  296,700     2,581,290

Lufkin Industries, Inc.

  51,700     2,749,406

Oil States International, Inc. (a) (b)

  223,800     7,862,094
       
      13,192,790
       

Food & Staples Retailing—2.3%

   

BJ’s Wholesale Club, Inc. (a) (b)

  193,700     7,015,814

Winn-Dixie Stores, Inc. (a) (b)

  320,900     4,210,208
       
      11,226,022
       

Food Products—0.7%

   

Chiquita Brands International, Inc. (a)

  178,800     2,889,408

Lance, Inc.

  27,200     702,304
       
      3,591,712
       

Gas Utilities—0.7%

   

New Jersey Resources Corp.

  95,800     3,478,498
       

Health Care Equipment & Supplies—1.1%

   

The Cooper Cos., Inc. (b)

  175,100     5,205,723
       

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

BlackRock Strategic Value Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—(Continued)

 

 

Security Description   Shares   Value
   

Health Care Providers & Services—4.2%

   

Amedisys, Inc. (a)

  84,300   $ 3,678,009

Health Net, Inc. (a) (b)

  190,100     2,927,540

Healthsouth Corp. (a) (b)

  144,300     2,256,852

LifePoint Hospitals, Inc. (a) (b)

  257,900     6,978,774

Psychiatric Solutions, Inc. (a) (b)

  163,600     4,377,936
       
      20,219,111
       

Health Care Technology—0.8%

   

Phase Forward, Inc. (a)

  289,300     4,061,772
       

Hotels, Restaurants & Leisure—3.3%

   

Cracker Barrel Old Country Store, Inc.

  104,800     3,605,120

Jack in the Box, Inc. (a)

  218,100     4,468,869

Scientific Games Corp. (a)

  507,300     8,030,559
       
      16,104,548
       

Household Durables—2.3%

   

Jarden Corp. (a) (b)

  254,820     7,152,797

Snap-On, Inc.

  114,300     3,973,068
       
      11,125,865
       

Insurance—3.7%

   

Navigators Group, Inc. (a)

  136,204     7,491,220

Platinum Underwriters Holdings, Ltd.

  67,107     2,405,115

The Hanover Insurance Group, Inc.

  190,742     7,883,367
       
      17,779,702
       

Internet & Catalog Retail—0.4%

   

Orbitz Worldwide, Inc. (a)

  306,100     1,891,698
       

Internet Software & Services—1.6%

   

SkillSoft, Plc. (ADR) (a)

  827,229     7,941,398
       

IT Services—0.6%

   

CSG Systems International, Inc. (a)

  167,700     2,684,877
       

Leisure Equipment & Products—1.0%

   

Polaris Industries, Inc.

  125,200     5,105,656
       

Machinery—3.8%

   

Actuant Corp. (b)

  249,838     4,012,398

Kennametal, Inc.

  155,706     3,831,925

Mueller Water Products, Inc.

  771,100     4,225,628

Terex Corp. (b)

  300,700     6,233,511
       
      18,303,462
       

Marine—0.4%

   

Kirby Corp. (a) (b)

  59,652     2,196,387
       

Media—1.3%

   

Arbitron, Inc.

  307,640     6,386,606
       

Metals & Mining—2.6%

   

Horsehead Holding Corp. (a)

  448,212     5,253,045

Olympic Steel, Inc. (b)

  153,050     4,391,004
Security Description   Shares   Value
   

Metals & Mining—(Continued)

 

Thompson Creek Metals Co., Inc.

  253,300   $ 3,057,331
       
      12,701,380
       

Multi-Utilities—1.1%

   

Avista Corp.

  272,700     5,513,994
       

Multiline Retail—0.5%

   

Saks, Inc. (a)

  382,500     2,608,650
       

Oil, Gas & Consumable Fuels—3.1%

   

Brigham Exploration Co. (a)

  192,700     1,749,716

Goodrich Petroleum Corp. (a) (b)

  144,000     3,716,640

James River Coal Co. (a)

  310,300     5,929,833

St. Mary Land & Exploration Co.

  114,600     3,719,916
       
      15,116,105
       

Personal Products—0.8%

   

Chattem, Inc. (a) (b)

  56,450     3,748,845
       

Real Estate Investment Trusts—4.4%

   

BioMed Realty Trust, Inc.

  293,500     4,050,300

Education Realty Trust, Inc.

  522,000     3,095,460

MFA Mortgage Investments, Inc.

  841,900     6,701,524

Ramco-Gershenson Properties Trust (b)

  247,000     2,203,240

Redwood Trust, Inc.

  128,200     1,987,100

U-Store-It Trust

  502,605     3,141,281
       
      21,178,905
       

Road & Rail—1.0%

   

Genesee & Wyoming, Inc. (a)

  163,652     4,961,929
       

Semiconductors & Semiconductor Equipment—3.1%

 

ATMI, Inc. (a)

  166,000     3,012,900

Fairchild Semiconductor International, Inc. (a)

  900,800     9,215,184

Verigy, Ltd. (a) (b)

  227,000     2,637,740
       
      14,865,824
       

Software—3.2%

   

Actuate Corp. (a)

  322,009     1,861,212

Novell, Inc. (a)

  1,154,900     5,208,599

Progress Software Corp. (a)

  211,700     4,795,005

TIBCO Software, Inc. (a)

  382,500     3,629,925
       
      15,494,741
       

Specialty Retail—5.5%

   

Collective Brands, Inc. (a) (b)

  275,000     4,765,750

Genesco, Inc. (a) (b)

  179,000     4,308,530

Jos. A. Bank Clothiers, Inc. (a)

  67,100     3,004,067

RadioShack Corp. (b)

  387,000     6,412,590

The Buckle, Inc. (b)

  81,200     2,772,168

The Children’s Place Retail Stores, Inc. (a) (b)

  180,100     5,395,796
       
      26,658,901
       

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

BlackRock Strategic Value Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—(Continued)

 

 

Security Description       
Shares
  Value
   

Textiles, Apparel & Luxury Goods—2.7%

   

Hanesbrands, Inc. (a) (b)

  231,800   $ 4,960,520

Iconix Brand Group, Inc. (a) (b)

  296,800     3,701,096

Maidenform Brands, Inc. (a)

  279,007     4,480,852
       
      13,142,468
       

Trading Companies & Distributors—1.3%

   

Beacon Roofing Supply, Inc. (a) (b)

  401,700     6,419,166
       

Wireless Telecommunication Services—0.5%

 

Syniverse Holdings, Inc. (a)

  127,900     2,238,250
       

Total Common Stock
(Identified Cost $425,524,406)

      474,610,472
       
Short Term Investments—16.8%  
Security Description   Shares/Par
Amount
  Value  
   

Mutual Funds—15.1%

   

State Street Navigator Securities Lending Prime Portfolio (c)

    73,234,360   $ 73,234,360   
         

Repurchase Agreement—1.7%

   

State Street Repurchase Agreement dated 09/30/09 at 0.010% to be repurchased at $8,036,002 on 10/01/09, collateralized by $8,190,000 Federal Home Loan Mortgage Corp. due 04/01/11 with a value of $8,200,238.

  $ 8,036,000     8,036,000   
         

Total Short Term Investments
(Identified Cost $81,270,360)

      81,270,360   
         

Total Investments—114.8%
(Identified Cost $506,794,766) (d)

      555,880,832   

Liabilities in excess of other assets

      (71,590,248
         
Net Assets—100%     $ 484,290,584   
         

 

(a) Non-Income Producing.
(b) All or a portion of the security was on loan. As of September 30, 2009, the market value of securities loaned was $70,686,286 and the collateral received consisted of cash in the amount of $73,234,360. 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, 2009 was $506,794,766 and the composition of unrealized appreciation and depreciation of investment securities was $56,672,500 and $(7,586,434), 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-52


Table of Contents

Metropolitan Series Fund, Inc.

 

BlackRock Strategic Value Portfolio

 

 

 

VALUATION INPUTS

 

The Portfolio is subject to the provisions of the Statement of Financial Accounting Standards No. 157, Fair Value Measurements (“FAS 157”). FAS 157 establishes a framework for measuring fair value and expands disclosures about fair value measurements in 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 Portfolio’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 investments as of September 30, 2009:

 

Description    Level 1    Level 2    Level 3    Total

Total Common Stock

   $ 7,117,025    $ —      $ —      $ 7,117,025
Short Term Investments            

Mutual Funds

     73,234,360      —        —        73,234,360

Repurchase Agreement

     —        8,036,000      —        8,036,000

Total Short Term Investments

     73,234,360      8,036,000      —        81,270,360

Total Investments

   $ 547,844,832    $ 8,036,000    $ —      $ 555,880,832
                             

 

 

 

MSF-53


Table of Contents

Metropolitan Series Fund, Inc.

 

Davis Venture Value Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—94.4% of Net Assets

 

Security Description       
Shares
  Value
   

Air Freight & Logistics—0.5%

   

United Parcel Service, Inc. (Class B)

  315,200   $ 17,799,344
       

Automobiles—0.7%

   

Harley-Davidson, Inc. (a)

  1,103,970     25,391,310
       

Beverages—3.2%

   

Diageo, Plc. (ADR)

  793,900     48,816,911

Heineken Holding NV (EUR)

  967,466     39,439,068

The Coca-Cola Co.

  502,690     26,994,453
       
      115,250,432
       

Capital Markets—5.3%

   

Ameriprise Financial, Inc.

  597,996     21,725,195

Julius Baer Holding AG (CHF)

  918,544     45,929,060

Morgan Stanley

  134,596     4,156,324

State Street Corp.

  100,260     5,273,676

The Bank of New York Mellon Corp.

  3,115,964     90,331,796

The Goldman Sachs Group, Inc.

  126,330     23,288,936
       
      190,704,987
       

Chemicals—0.7%

   

Monsanto Co.

  225,421     17,447,585

Potash Corp. of Saskatchewan, Inc.

  78,493     7,091,058
       
      24,538,643
       

Commercial Banks—4.0%

   

Wells Fargo & Co.

  5,134,906     144,701,651
       

Commercial Services & Supplies—1.6%

   

Iron Mountain, Inc. (a) (b)

  2,171,860     57,901,788
       

Computers & Peripherals—1.7%

   

Hewlett-Packard Co.

  1,326,770     62,636,812
       

Construction Materials—1.7%

   

Martin Marietta Materials, Inc. (a)

  384,700     35,419,329

Vulcan Materials Co. (a)

  493,450     26,680,841
       
      62,100,170
       

Consumer Finance—3.5%

   

American Express Co.

  3,713,224     125,878,294
       

Containers & Packaging—1.7%

   

Sealed Air Corp.

  3,060,941     60,086,272
       

Diversified Consumer Services—1.0%

   

H&R Block, Inc.

  1,966,140     36,137,653
       

Diversified Financial Services—3.8%

   

Bank of America Corp.

  287,291     4,860,964

JPMorgan Chase & Co.

  2,605,587     114,176,822

Moody’s Corp. (a)

  994,750     20,352,585
       
      139,390,371
       
Security Description       
Shares
  Value
   

Electrical Equipment—0.6%

   

ABB, Ltd. (ADR)

  1,153,970   $ 23,125,559
       

Electronic Equipment, Instruments & Components—1.5%

Agilent Technologies, Inc. (b)

  1,484,270     41,307,234

Tyco Electronics, Ltd.

  640,462     14,269,493
       
      55,576,727
       

Energy Equipment & Services—0.8%

   

Transocean, Ltd. (b)

  344,964     29,504,771
       

Food & Staples Retailing—5.5%

   

Costco Wholesale Corp.

  2,308,400     130,332,264

CVS Caremark Corp.

  1,884,691     67,358,856
       
      197,691,120
       

Food Products—0.3%

   

The Hershey Co. (a)

  265,352     10,311,579
       

Health Care Equipment & Supplies—1.1%

   

Becton, Dickinson & Co.

  458,409     31,974,028

CareFusion Corp. (b)

  286,150     6,238,070
       
      38,212,098
       

Health Care Providers & Services—3.5%

   

Cardinal Health, Inc.

  572,300     15,337,640

Express Scripts, Inc. (b)

  693,900     53,832,762

Laboratory Corp. of America Holdings (b)

  192,253     12,631,022

UnitedHealth Group, Inc.

  1,775,930     44,469,287
       
      126,270,711
       

Household Durables—0.4%

   

Garmin, Ltd. (a)

  205,500     7,755,570

Hunter Douglas NV (EUR) (a)

  133,851     5,396,769
       
      13,152,339
       

Household Products—1.6%

   

Procter & Gamble Co.

  1,024,610     59,345,411
       

Independent Power Producers & Energy Traders—0.4%

The AES Corp. (b)

  899,746     13,334,236
       

Industrial Conglomerates—0.7%

   

Tyco International, Ltd.

  738,062     25,448,378
       

Insurance—10.6%

   

American International Group, Inc. (a) (b)

  90,968     4,012,598

Berkshire Hathaway, Inc. (Class A) (b)

  1,400     141,400,000

Berkshire Hathaway, Inc. (Class B) (b)

  3,146     10,454,158

Everest Re Group, Ltd.

  69,600     6,103,920

Fairfax Financial Holdings, Ltd.

  39,840     14,769,883

Loews Corp.

  2,530,844     86,681,407

Markel Corp. (a) (b)

  9,700     3,199,254

NIPPONKOA Insurance Co., Ltd. (JPY) (a)

  261,000     1,627,198

Principal Financial Group, Inc.

  288,300     7,896,537

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

Davis Venture Value Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—(Continued)

 

 

Security Description       
Shares
  Value
   

Insurance—(Continued)

 

Sun Life Financial, Inc.

  153,200   $ 4,785,968

The Progressive Corp. (b)

  4,453,851     73,844,850

Transatlantic Holdings, Inc.

  619,446     31,077,606
       
      385,853,379
       

Internet & Catalog Retail—0.7%

   

Amazon.com, Inc. (b)

  171,960     16,054,186

Liberty Media Interactive (Series A) (b)

  695,150     7,625,795
       
      23,679,981
       

Internet Software & Services—1.6%

   

Google, Inc. (Class A) (b)

  116,538     57,785,367
       

IT Services—0.2%

   

Visa, Inc.

  126,340     8,731,357
       

Machinery—0.2%

   

PACCAR, Inc. (a)

  147,850     5,575,423
       

Marine—0.7%

   

China Shipping Development Co., Ltd. (HKD)

  7,692,000     9,565,164

Kuehne & Nagel International AG (CHF)

  183,099     15,919,273
       
      25,484,437
       

Media—3.7%

   

Comcast Corp. (Class A)

  1,745,992     28,075,551

Grupo Televisa S.A. (ADR)

  749,470     13,932,647

Lagardere S.C.A. (EUR) (a)

  150,996     7,043,227

Liberty Media Entertainment (Series A) (b)

  555,570     17,283,783

News Corp. (Class A)

  3,559,600     42,679,604

The Walt Disney Co.

  951,440     26,126,543
       
      135,141,355
       

Metals & Mining—0.8%

   

BHP Billiton, Plc. (GBP)

  528,822     14,551,705

Rio Tinto, Plc. (GBP)

  340,532     14,631,368
       
      29,183,073
       

Oil, Gas & Consumable Fuels—13.2%

   

Canadian Natural Resources, Ltd.

  1,295,000     87,011,050

China Coal Energy Co. (H Shares) (HKD)

  16,477,900     21,512,812

ConocoPhillips

  448,718     20,264,105

Devon Energy Corp.

  1,625,976     109,476,964

EOG Resources, Inc.

  1,286,200     107,410,562

Occidental Petroleum Corp.

  1,532,000     120,108,800

OGX Petroleo e Gas Participacoes S.A. (BRL) (b)

  19,300     14,736,867
       
      480,521,160
       

Paper & Forest Products—0.9%

   

Sino-Forest Corp. (CAD) (b)

  2,112,670     33,321,130
       

Personal Products—0.1%

   

Natura Cosmeticos S.A. (BRL)

  228,300     4,110,442
       
Security Description       
Shares
  Value
   

Pharmaceuticals—5.3%

   

Johnson & Johnson

    1,048,140   $ 63,821,245

Merck & Co., Inc.

    1,079,581     34,147,147

Pfizer, Inc.

    1,757,100     29,080,005

Schering-Plough Corp.

    2,274,330     64,249,822
       
      191,298,219
       

Professional Services—0.7%

   

Dun & Bradstreet Corp.

    333,800     25,141,816
       

Real Estate Management & Development—0.8%

Brookfield Asset Management, Inc.

    486,121     11,039,808

Hang Lung Group, Ltd. (HKD)

    3,888,000     19,296,729
       
      30,336,537
       

Semiconductors & Semiconductor Equipment—2.1%

Texas Instruments, Inc.

    3,213,003     76,116,041
       

Software—2.7%

   

Activision Blizzard, Inc. (b)

    1,835,400     22,740,606

Microsoft Corp.

    2,973,720     76,989,611
       
      99,730,217
       

Specialty Retail—2.4%

   

Bed Bath & Beyond, Inc. (b)

    1,402,200     52,638,588

Carmax, Inc. (a) (b)

    1,411,919     29,509,107

Staples, Inc.

    242,990     5,642,228
       
      87,789,923
       

Tobacco—0.9%

   

Philip Morris International, Inc.

    690,793     33,669,251
       

Transportation Infrastructure—1.0%

   

China Merchants Holdings International Co., Ltd. (HKD) (a)

    8,603,725     28,314,888

Cosco Pacific, Ltd. (HKD)

    5,591,500     7,970,508

LLX Logistica S.A. (BRL) (b)

    173,100     632,097
       
      36,917,493
       

Total Common Stock
(Identified Cost $3,122,743,267)

      3,424,877,257
       
Fixed Income—0.9%    
Security Description   Par
Amount
  Value

Automobiles—0.6%

   

Harley-Davidson, Inc.
15.000%, 02/01/14

  $ 19,000,000     23,141,962
       

Containers & Packaging—0.3%

   

Sealed Air Corp. (144A)
12.000%, 02/14/14

    10,000,000     10,846,950
       

Total Fixed Income
(Identified Cost $29,000,000)

      33,988,912
       

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

Davis Venture Value Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Fixed Income—Convertible—0.2%

 

 

Security Description   Par
Amount
  Value  
   

Paper & Forest Products—0.2%

   

Sino-Forest Corp. (144A)
5.000%, 08/01/13

  $ 5,844,000   $ 6,289,605   
         

Total Fixed Income—Convertible
(Identified Cost $5,844,000)

      6,289,605   
         
Short Term Investments—8.3%   

Commercial Paper—4.8%

   

Rabobank USA Financial Co.
0.130%, 10/01/09

    46,000,000     46,000,000   

San Paolo U.S. Financial
0.150%, 10/05/09

    46,000,000     45,999,233   

0.150%, 10/08/09

    37,029,000     37,027,920   

Toyota Motor Credit Corp.
0.130%, 10/02/09

    46,411,000     46,410,833   
         
      175,437,986   
         

Mutual Funds—3.5%

   

State Street Navigator Securities Lending Prime Portfolio (c)

    125,808,093     125,808,093   
         

Total Short Term Investments
(Identified Cost $301,246,079)

      301,246,079   
         

Total Investments—103.8%
(Identified Cost $3,458,833,346) (d)

      3,766,401,853   

Liabilities in excess of other assets

      (138,885,359
         
Net Assets—100%     $ 3,627,516,494   
         

 

(a) All or a portion of the security was on loan. As of September 30, 2009, the market value of securities loaned was $122,124,733 and the collateral received consisted of cash in the amount of $125,808,093. 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, 2009 was $3,434,200,204 and the composition of unrealized appreciation and depreciation of investment securities was $663,436,776 and $(331,235,127), 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, 2009, the market value of 144A securities was $17,136,555, which is 0.5% 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.
(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-56


Table of Contents

Metropolitan Series Fund, Inc.

 

Davis Venture Value Portfolio

 

 

 

VALUATION INPUTS

 

The Portfolio is subject to the provisions of the Statement of Financial Accounting Standards No. 157, Fair Value Measurements (“FAS 157”). FAS 157 establishes a framework for measuring fair value and expands disclosures about fair value measurements in 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 Portfolio’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 investments as of September 30, 2009:

 

Description    Level 1    Level 2    Level 3    Total
Common Stock            

Air Freight & Logistics

   $ 17,799,344    $ —      $ —      $ 17,799,344

Automobiles

     25,391,310      —        —        25,391,310

Beverages

     75,811,364      39,439,068      —        115,250,432

Capital Markets

     144,775,927      45,929,060      —        190,704,987

Chemicals

     24,538,643      —        —        24,538,643

Commercial Banks

     144,701,651      —        —        144,701,651

Commercial Services & Supplies

     57,901,788      —        —        57,901,788

Computers & Peripherals

     62,636,812      —        —        62,636,812

Construction Materials

     62,100,170      —        —        62,100,170

Consumer Finance

     125,878,294      —        —        125,878,294

Containers & Packaging

     60,086,272      —        —        60,086,272

Diversified Consumer Services

     36,137,653      —        —        36,137,653

Diversified Financial Services

     139,390,371      —        —        139,390,371

Electrical Equipment

     23,125,559      —        —        23,125,559

Electronic Equipment, Instruments & Components

     55,576,727      —        —        55,576,727

Energy Equipment & Services

     29,504,771      —        —        29,504,771

Food & Staples Retailing

     197,691,120      —        —        197,691,120

Food Products

     10,311,579      —        —        10,311,579

Health Care Equipment & Supplies

     38,212,098      —        —        38,212,098

Health Care Providers & Services

     126,270,711      —        —        126,270,711

Household Durables

     7,755,570      5,396,769      —        13,152,339

Household Products

     59,345,411      —        —        59,345,411

Independent Power Producers & Energy Traders

     13,334,236      —        —        13,334,236

Industrial Conglomerates

     25,448,378      —        —        25,448,378

Insurance

     384,226,181      1,627,198      —        385,853,379

Internet & Catalog Retail

     23,679,981      —        —        23,679,981

Internet Software & Services

     57,785,367      —        —        57,785,367

IT Services

     8,731,357      —        —        8,731,357

Machinery

     5,575,423      —        —        5,575,423

Marine

     —        25,484,437      —        25,484,437

Media

     128,098,128      7,043,227      —        135,141,355

Metals & Mining

     —        29,183,073      —        29,183,073

Oil, Gas & Consumable Fuels

     444,271,481      36,249,679      —        480,521,160

Paper & Forest Products

     —        33,321,130      —        33,321,130

Personal Products

     —        4,110,442      —        4,110,442

Pharmaceuticals

     191,298,219      —        —        191,298,219

Professional Services

     25,141,816      —        —        25,141,816

Real Estate Management & Development

     11,039,808      19,296,729      —        30,336,537

Semiconductors & Semiconductor Equipment

     76,116,041      —        —        76,116,041

Software

     99,730,217      —        —        99,730,217

Specialty Retail

     87,789,923      —        —        87,789,923

Tobacco

     33,669,251      —        —        33,669,251

Transportation Infrastructure

     —        36,917,493      —        36,917,493

Total Common Stock

     3,140,878,952      283,998,305      —        3,424,877,257

Total Fixed Income

     —        33,988,912      —        33,988,912

Total Fixed Income—Convertible

     —        6,289,605      —        6,289,605

 

MSF-57


Table of Contents

Metropolitan Series Fund, Inc.

 

Davis Venture Value Portfolio

 

 

 

Description    Level 1    Level 2    Level 3    Total
Short Term Investments            

Commercial Paper

   $ —      $ 175,437,986    $ —      $ 175,437,986

Mutual Funds

     125,808,093      —        —        125,808,093

Total Short Term Investments

     125,808,093      175,437,986      —        301,246,079

Total Investments

   $ 3,266,687,045    $ 499,714,808    $ —      $ 3,766,401,853
                             

 

MSF-58


Table of Contents

Metropolitan Series Fund, Inc.

 

FI Mid Cap Opportunities Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—100.0% of Net Assets

 

 

Security Description   Shares   Value
   

Aerospace & Defense—4.0%

   

BE Aerospace, Inc. (a)

  166,210   $ 3,347,470

Goodrich Corp.

  23,050     1,252,537

Precision Castparts Corp.

  169,530     17,270,021
       
      21,870,028
       

Air Freight & Logistics—1.7%

   

Atlas Air Worldwide Holdings, Inc. (a)

  296,066     9,465,230
       

Beverages—1.1%

   

Central European Distribution Corp. (a)

  110,046     3,605,107

Molson Coors Brewing Co.

  54,710     2,663,283
       
      6,268,390
       

Biotechnology—4.7%

   

CSL, Ltd. (AUD)

  100,723     2,964,785

Grifols S.A. (EUR)

  321,818     6,131,233

GTx, Inc. (a) (b)

  211,780     2,710,784

Human Genome Sciences, Inc. (a)

  15,970     300,555

Incyte Corp., Ltd. (a)

  191,880     1,295,190

Myriad Pharmaceuticals, Inc. (a) (b)

  3,196     18,729

Theravance, Inc. (a) (b)

  861,211     12,608,129
       
      26,029,405
       

Capital Markets—1.0%

   

MF Global, Ltd. (a)

  768,900     5,589,903
       

Chemicals—0.8%

   

Huntsman Corp.

  287,190     2,616,301

The Scotts Miracle-Gro Co. (b)

  38,840     1,668,178
       
      4,284,479
       

Commercial Services & Supplies—0.4%

   

GeoEye, Inc. (a) (b)

  75,440     2,021,792
       

Communications Equipment—2.7%

   

Brocade Communications Systems, Inc. (a) (b)

  177,000     1,391,220

CommScope, Inc. (a) (b)

  289,090     8,652,464

Motorola, Inc. (a)

  371,380     3,190,154

Tellabs, Inc. (a)

  250,850     1,735,882
       
      14,969,720
       

Computers & Peripherals—3.1%

   

NCR Corp. (a)

  171,910     2,375,796

SanDisk Corp. (a)

  317,993     6,900,448

Teradata Corp. (a)

  40,480     1,114,010

Toshiba Corp. (JPY) (b)

  1,264,000     6,593,562
       
      16,983,816
       

Containers & Packaging—2.1%

   

Ball Corp.

  24,360     1,198,512

Owens-Illinois, Inc. (a)

  280,509     10,350,782
       
      11,549,294
       
Security Description   Shares   Value
   

Diversified Consumer Services—12.7%

   

Apollo Group, Inc. (Class A) (a)

  262,380   $ 19,329,535

Corinthian Colleges, Inc. (a) (b)

  294,926     5,473,826

DeVry, Inc.

  397,478     21,988,483

ITT Educational Services, Inc. (a) (b)

  213,590     23,582,472
       
      70,374,316
       

Diversified Financial Services—4.7%

   

CME Group, Inc.

  27,920     8,604,665

Interactive Brokers Group, Inc. (a)

  869,782     17,282,568
       
      25,887,233
       

Diversified Telecommunication Services—0.1%

 

Iridium Communications, Inc. (a)

  51,730     582,997
       

Energy Equipment & Services—1.2%

   

Weatherford International, Ltd. (a)

  315,640     6,543,217
       

Food & Staples Retailing—0.7%

   

Casey’s General Stores, Inc.

  127,830     4,011,305
       

Food Products—5.0%

   

Bunge, Ltd.

  40,800     2,554,488

Kellogg Co.

  177,380     8,732,417

The J. M. Smucker Co.

  304,010     16,115,570
       
      27,402,475
       

Health Care Equipment & Supplies—3.3%

   

Inverness Medical Innovations, Inc. (a) (b)

  476,250     18,445,163
       

Health Care Providers & Services—9.9%

   

Aetna, Inc.

  113,830     3,167,889

Community Health Systems, Inc. (a) (b)

  122,860     3,922,920

Express Scripts, Inc. (a)

  369,104     28,635,088

Healthsouth Corp. (a)

  170,640     2,668,809

Medco Health Solutions, Inc. (a)

  301,070     16,652,182
       
      55,046,888
       

Insurance—8.6%

   

Allied World Assurance Co. Holdings, Ltd.

  73,800     3,537,234

Aspen Insurance Holdings, Ltd.

  204,900     5,423,703

Axis Capital Holdings, Ltd.

  118,000     3,561,240

Everest Re Group, Ltd.

  47,200     4,139,440

PartnerRe, Ltd.

  152,700     11,748,738

Platinum Underwriters Holdings, Ltd.

  166,400     5,963,776

Validus Holdings, Ltd.

  506,900     13,078,020
       
      47,452,151
       

Internet & Catalog Retail—1.2%

   

Expedia, Inc. (a)

  288,114     6,900,330
       

Internet Software & Services—3.4%

   

Equinix, Inc. (a) (b)

  43,050     3,960,600

Move, Inc. (a) (b)

  637,867     1,722,241

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

FI Mid Cap Opportunities Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares   Value
   

Internet Software & Services—(Continued)

   

Switch & Data Facilities Co., Inc. (a) (b)

  20,057   $ 272,976

Telecity Group, Plc. (GBP) (a)

  2,536,837     13,016,227
       
      18,972,044
       

IT Services—1.6%

   

Cognizant Technology Solutions Corp. (Class A) (a)

  74,300     2,872,438

Hewitt Associates, Inc. (a)

  39,020     1,421,499

VeriFone Holdings, Inc. (a)

  287,725     4,571,950
       
      8,865,887
       

Life Sciences Tools & Services—0.6%

   

Illumina, Inc. (a) (b)

  82,860     3,521,550
       

Machinery—0.6%

   

Kennametal, Inc.

  84,370     2,076,345

Titan International, Inc. (b)

  114,993     1,023,438
       
      3,099,783
       

Media—0.9%

   

DISH Network Corp. (a)

  249,800     4,811,148
       

Metals & Mining—2.1%

   

Carpenter Technology Corp.

  55,390     1,295,572

Cliffs Natural Resources, Inc.

  33,060     1,069,822

Coeur d’Alene Mines Corp.

  93,180     1,910,190

Goldcorp, Inc. (CAD)

  40,200     1,611,524

Osisko Mining Corp. (CAD) (a) (b)

  140,000     1,039,407

Silver Wheaton Corp. (a)

  165,500     2,083,645

Silver Wheaton Corp. (CAD) (a)

  222,950     2,825,995
       
      11,836,155
       

Oil, Gas & Consumable Fuels—2.5%

   

Alpha Natural Resources, Inc. (a)

  22,900     803,790

Brigham Exploration Co. (a)

  392,260     3,561,721

EXCO Resources, Inc. (a)

  359,270     6,714,756

Forest Oil Corp. (a)

  144,080     2,819,646
       
      13,899,913
       

Paper & Forest Products—0.7%

   

Schweitzer-Mauduit International, Inc.

  73,820     4,012,855
       

Pharmaceuticals—1.0%

   

King Pharmaceuticals, Inc. (a)

  518,850     5,588,015
       

Road & Rail—1.9%

   

Kansas City Southern (a) (b)

  404,800     10,723,152
       

Semiconductors & Semiconductor Equipment—1.6%

 

Infineon Technologies AG (EUR) (a)

  1,580,964     8,919,699
       

Software—3.1%

   

Ariba, Inc. (a)

  117,580     1,363,928

BMC Software, Inc. (a)

  374,930     14,071,123

Check Point Software Technologies (a)

  56,600     1,604,610
       
      17,039,661
       
Security Description   Shares   Value  
   

Textiles, Apparel & Luxury Goods—0.2%

   

Coach, Inc.

  35,930   $ 1,182,816   
         

Trading Companies & Distributors—0.3%

   

WESCO International, Inc. (a) (b)

  54,651     1,573,949   
         

Transportation Infrastructure—0.6%

   

Aegean Marine Petroleum Network, Inc. (b)

  136,600     3,073,500   
         

Wireless Telecommunication Services—9.9%

 

American Tower Corp. (Class A) (a)

  171,629     6,247,295   

NII Holdings, Inc. (a)

  1,157,702     34,707,906   

SBA Communications Corp. (a) (b)

  516,222     13,953,481   
         
      54,908,682   
         

Total Common Stock
(Identified Cost $458,833,692)

      553,706,941   
         
Short Term Investments—13.2%            

Mutual Funds—13.2%

   

State Street Navigator Securities Lending Prime Portfolio (c)

  72,932,291     72,932,291   
         

Total Short Term Investments
(Identified Cost $72,932,291)

      72,932,291   
         

Total Investments—113.2%
(Identified Cost $531,765,983) (d)

      626,639,232   

Liabilities in excess of other assets

      (73,099,085
         
Net Assets—100%     $ 553,540,147   
         

 

(a) Non-Income Producing.
(b) All or a portion of the security was on loan. As of September 30, 2009, the market value of securities loaned was $70,660,239 and the collateral received consisted of cash in the amount of $72,932,291. 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, 2009 was $531,765,983 and the composition of unrealized appreciation and depreciation of investment securities was $97,242,770 and $(2,369,521), respectively.
(AUD)— Australian Dollar
(CAD)— Canadian Dollar
(EUR)— Euro
(GBP)— British Pound
(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-60


Table of Contents

Metropolitan Series Fund, Inc.

 

FI Mid Cap Opportunities Portfolio

 

 

VALUATION INPUTS

 

The Portfolio is subject to the provisions of the Statement of Financial Accounting Standards No. 157, Fair Value Measurements (“FAS 157”). FAS 157 establishes aframework for measuring fair value and expands disclosures about fair value measurements in 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 Portfolio’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 investments as of September 30, 2009:

 

Description    Level 1    Level 2    Level 3    Total
Common Stock            

Aerospace & Defense

   $ 21,870,028    $ —      $ —      $ 21,870,028

Air Freight & Logistics

     9,465,230      —        —        9,465,230

Beverages

     6,268,390      —        —        6,268,390

Biotechnology

     16,933,387      9,096,018      —        26,029,405

Capital Markets

     5,589,903      —        —        5,589,903

Chemicals

     4,284,479      —        —        4,284,479

Commercial Services & Supplies

     2,021,792      —        —        2,021,792

Communications Equipment

     14,969,720      —        —        14,969,720

Computers & Peripherals

     10,390,254      6,593,562      —        16,983,816

Containers & Packaging

     11,549,294      —        —        11,549,294

Diversified Consumer Services

     70,374,316      —        —        70,374,316

Diversified Financial Services

     25,887,233      —        —        25,887,233

Diversified Telecommunication Services

     582,997      —        —        582,997

Energy Equipment & Services

     6,543,217      —        —        6,543,217

Food & Staples Retailing

     4,011,305      —        —        4,011,305

Food Products

     27,402,475      —        —        27,402,475

Health Care Equipment & Supplies

     18,445,163      —        —        18,445,163

Health Care Providers & Services

     55,046,888      —        —        55,046,888

Insurance

     47,452,151      —        —        47,452,151

Internet & Catalog Retail

     6,900,330      —        —        6,900,330

Internet Software & Services

     5,955,817      13,016,227      —        18,972,044

IT Services

     8,865,887      —        —        8,865,887

Life Sciences Tools & Services

     3,521,550      —        —        3,521,550

Machinery

     3,099,783      —        —        3,099,783

Media

     4,811,148      —        —        4,811,148

Metals & Mining

     6,359,229      5,476,926      —        11,836,155

Oil, Gas & Consumable Fuels

     13,899,913      —        —        13,899,913

Paper & Forest Products

     4,012,855      —        —        4,012,855

Pharmaceuticals

     5,588,015      —        —        5,588,015

Road & Rail

     10,723,152      —        —        10,723,152

Semiconductors & Semiconductor Equipment

     —        8,919,699      —        8,919,699

Software

     17,039,661      —        —        17,039,661

Textiles, Apparel & Luxury Goods

     1,182,816      —        —        1,182,816

Trading Companies & Distributors

     1,573,949      —        —        1,573,949

Transportation Infrastructure

     3,073,500      —        —        3,073,500

Wireless Telecommunication Services

     54,908,682      —        —        54,908,682

Total Common Stock

     510,604,509      43,102,432      —        553,706,941
Short Term Investments            

Mutual Funds

     72,932,291      —        —        72,932,291

Total Investments

   $ 583,536,800    $ 43,102,432    $ —      $ 626,639,232
                             

 

 

 

MSF-61


Table of Contents

Metropolitan Series Fund, Inc.

 

FI Value Leaders Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—100.1% of Net Assets

 

Security Description   Shares   Value
   
   

Aerospace & Defense—2.7%

   

Lockheed Martin Corp.

  41,580   $ 3,246,566

Precision Castparts Corp.

  50,110     5,104,706

United Technologies Corp.

  76,570     4,665,410
       
      13,016,682
       

Auto Components—0.4%

   

WABCO Holdings, Inc.

  85,460     1,794,660
       

Beverages—0.6%

   

Molson Coors Brewing Co.

  63,620     3,097,022
       

Building Products—0.5%

   

USG Corp. (a) (b)

  138,460     2,378,743
       

Capital Markets—1.7%

   

Morgan Stanley

  266,920     8,242,490
       

Chemicals—1.3%

   

FMC Corp.

  67,090     3,773,813

Terra Industries, Inc.

  71,460     2,477,518
       
      6,251,331
       

Commercial Banks—5.2%

   

KeyCorp.

  407,740     2,650,310

SunTrust Banks, Inc.

  317,940     7,169,547

Wells Fargo & Co.

  543,320     15,310,758
       
      25,130,615
       

Commercial Services & Supplies—1.1%

   

R.R. Donnelley & Sons Co.

  246,520     5,241,015
       

Communications Equipment—0.2%

   

Tellabs, Inc. (b)

  165,160     1,142,907
       

Computers & Peripherals—4.3%

   

Dell, Inc. (b)

  368,840     5,628,498

Hewlett-Packard Co.

  149,360     7,051,286

NCR Corp. (b)

  261,820     3,618,352

SanDisk Corp. (b)

  108,210     2,348,157

Western Digital Corp. (b)

  62,500     2,283,125
       
      20,929,418
       

Consumer Finance—0.8%

   

Capital One Financial Corp.

  109,150     3,899,930
       

Containers & Packaging—0.8%

   

Owens-Illinois, Inc. (b)

  101,320     3,738,708
       

Diversified Consumer Services—1.0%

   

Apollo Group, Inc. (Class A) (b)

  65,760     4,844,539
       

Diversified Financial Services—9.7%

   

Bank of America Corp.

  1,166,720     19,740,902

CME Group, Inc.

  10,820     3,334,616

Interactive Brokers Group, Inc. (b)

  202,490     4,023,476
Security Description   Shares   Value
   

Diversified Financial Services—(Continued)

   

JPMorgan Chase & Co.

  457,608   $ 20,052,383
       
      47,151,377
       

Diversified Telecommunication Services—6.1%

 

AT&T, Inc.

  586,590     15,843,796

CenturyTel, Inc.

  164,472     5,526,259

Qwest Communications International, Inc. (a)

  2,174,980     8,286,674
       
      29,656,729
       

Electric Utilities—1.9%

   

Edison International

  127,470     4,280,443

Exelon Corp.

  95,330     4,730,274
       
      9,010,717
       

Electronic Equipment, Instruments & Components—0.4%

Arrow Electronics, Inc. (b)

  66,800     1,880,420
       

Energy Equipment & Services—3.2%

   

ENSCO International, Inc.

  98,150     4,175,301

Noble Corp.

  104,130     3,952,775

Patterson-UTI Energy, Inc. (a)

  196,040     2,960,204

Transocean, Ltd. (b)

  53,980     4,616,909
       
      15,705,189
       

Food & Staples Retailing—2.0%

   

CVS Caremark Corp.

  193,200     6,904,968

SUPERVALU, Inc. (a)

  176,110     2,652,217
       
      9,557,185
       

Food Products—2.1%

   

Archer-Daniels-Midland Co.

  107,290     3,135,014

Kraft Foods, Inc. (Class A)

  264,650     6,952,355
       
      10,087,369
       

Gas Utilities—1.6%

   

Energen Corp.

  100,720     4,341,032

Questar Corp.

  86,590     3,252,320
       
      7,593,352
       

Health Care Providers & Services—2.7%

   

Humana, Inc. (b)

  117,420     4,379,766

McKesson Corp.

  47,150     2,807,782

WellPoint, Inc. (b)

  129,200     6,118,912
       
      13,306,460
       

Health Care Technology—0.8%

   

IMS Health, Inc.

  256,850     3,942,648
       

Hotels, Restaurants & Leisure—0.9%

   

Wyndham Worldwide Corp.

  274,430     4,478,698
       

Independent Power Producers & Energy Traders—1.8%

Mirant Corp. (a) (b)

  197,390     3,243,118

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

FI Value Leaders Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—(Continued)

 

 

Security Description   Shares   Value
   

Independent Power Producers & Energy Traders—(Continued)

NRG Energy, Inc. (b)

  193,500   $ 5,454,765
       
      8,697,883
       

Industrial Conglomerates—2.1%

   

General Electric Co.

  620,080     10,181,714
       

Insurance—7.5%

   

ACE, Ltd.

  89,634     4,791,834

Allied World Assurance Co. Holdings, Ltd.

  65,600     3,144,208

Aspen Insurance Holdings, Ltd.

  118,500     3,136,695

Assurant, Inc.

  67,150     2,152,829

Genworth Financial, Inc. (Class A) (b)

  486,360     5,812,002

Lincoln National Corp.

  114,000     2,953,740

MBIA, Inc. (a) (b)

  672,070     5,215,263

PartnerRe, Ltd.

  70,600     5,431,964

Unum Group

  171,740     3,682,105
       
      36,320,640
       

IT Services—0.5%

   

Amdocs, Ltd. (b)

  88,200     2,370,816
       

Leisure Equipment & Products—0.7%

   

Hasbro, Inc.

  120,580     3,346,095
       

Machinery—1.5%

   

AGCO Corp. (b)

  158,630     4,382,947

Navistar International Corp. (b)

  77,950     2,916,889
       
      7,299,836
       

Media—4.2%

   

CBS Corp. (Class B)

  296,680     3,574,994

Comcast Corp. (Class A)

  646,710     10,922,932

DISH Network Corp. (b)

  298,960     5,757,969
       
      20,255,895
       

Metals & Mining—1.3%

   

Nucor Corp.

  53,530     2,516,446

United States Steel Corp.

  86,760     3,849,541
       
      6,365,987
       

Multiline Retail—0.7%

   

Macy’s, Inc.

  198,810     3,636,235
       

Oil, Gas & Consumable Fuels—15.5%

   

Anadarko Petroleum Corp.

  74,300     4,660,839

Chevron Corp.

  259,400     18,269,542

Exxon Mobil Corp.

  234,730     16,104,825

Forest Oil Corp. (b)

  171,250     3,351,363

Marathon Oil Corp.

  240,850     7,683,115

Occidental Petroleum Corp.

  150,750     11,818,800

Overseas Shipholding Group, Inc. (a)

  71,890     2,686,529

Tesoro Corp. (a)

  223,690     3,350,876

Valero Energy Corp.

  366,910     7,114,385
       
      75,040,274
       
Security Description   Shares   Value  
   

Pharmaceuticals—4.5%

   

King Pharmaceuticals, Inc. (b)

  337,320   $ 3,632,936   

Pfizer, Inc.

  1,098,560     18,181,168   
         
      21,814,104   
         

Real Estate Investment Trusts—0.8%

   

Duke Realty Corp. (a)

  156,510     1,879,685   

ProLogis (a)

  160,300     1,910,776   
         
      3,790,461   
         

Road & Rail—1.1%

   

Norfolk Southern Corp.

  128,620     5,544,808   
         

Specialty Retail—1.6%

   

Lowe’s Cos., Inc.

  367,270     7,690,634   
         

Textiles, Apparel & Luxury Goods—1.1%

 

Coach, Inc.

  76,560     2,520,355   

Polo Ralph Lauren Corp. (a)

  33,650     2,578,263   
         
      5,098,618   
         

Tobacco—0.5%

   

Lorillard, Inc.

  35,910     2,668,113   
         

Trading Companies & Distributors—0.8%

   

WESCO International, Inc. (a) (b)

  136,400     3,928,320   
         

Wireless Telecommunication Services—1.9%

 

NII Holdings, Inc. (b)

  312,430     9,366,651   
         

Total Common Stock
(Identified Cost $422,208,545)

      485,495,288   
         
Short Term Investments—6.6%            

Mutual Funds—6.6%

   

State Street Navigator Securities Lending Prime Portfolio (c)

  31,821,710     31,821,710   
         

Total Short Term Investments
(Identified Cost $31,821,710)

      31,821,710   
         

Total Investments—106.7%
(Identified Cost $454,030,255) (d)

      517,316,998   

Liabilities in excess of other assets

      (32,491,017
         
Net Assets—100%     $ 484,825,981   
         

 

(a) All or a portion of the security was on loan. As of September 30, 2009, the market value of securities loaned was $34,864,545 and the collateral received consisted of cash in the amount of $31,821,710 and non-cash collateral with a value of $4,298,596. 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.

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

FI Value Leaders Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

(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, 2009 was $454,030,255 and the composition of unrealized appreciation and depreciation of investment securities was $79,478,346 and $ (16,191,603), respectively.

 

VALUATION INPUTS

 

The Portfolio is subject to the provisions of the Statement of Financial Accounting Standards No. 157, Fair Value Measurements (“FAS 157”). FAS 157 establishes a framework for measuring fair value and expands disclosures about fair value measurements in 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 Portfolio’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 investments as of September 30, 2009:

 

Description    Level 1    Level 2    Level 3    Total

Total Common Stock

   $ 485,495,288    $ —      $ —      $ 485,495,288

Total Short Term Investments

     31,821,710      —        —        31,821,710

Total Investments

   $ 517,316,998    $ —      $ —      $ 517,316,998
                             

 

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

Jennison Growth Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—97.9% of Net Assets

 

 

Security Description   Shares   Value
   

Aerospace & Defense—0.7%

   

Precision Castparts Corp.

  50,600   $ 5,154,622

United Technologies Corp.

  136,700     8,329,131
       
      13,483,753
       

Auto Components—0.7%

   

Johnson Controls, Inc. (a)

  483,900     12,368,484
       

Beverages—1.9%

   

PepsiCo, Inc.

  576,000     33,788,160
       

Biotechnology—6.5%

   

Amgen, Inc. (b)

  143,100     8,618,913

Celgene Corp. (a) (b)

  644,700     36,038,730

Gilead Sciences, Inc. (b)

  1,297,400     60,432,892

Vertex Pharmaceuticals, Inc. (a) (b)

  317,200     12,021,880
       
      117,112,415
       

Capital Markets—5.2%

   

The Charles Schwab Corp.

  1,767,900     33,855,285

The Goldman Sachs Group, Inc.

  325,500     60,005,925
       
      93,861,210
       

Chemicals—1.9%

   

Monsanto Co.

  346,000     26,780,400

Praxair, Inc.

  96,200     7,858,578
       
      34,638,978
       

Communications Equipment—7.3%

   

Cisco Systems, Inc. (b)

  2,406,300     56,644,302

QUALCOMM, Inc.

  1,647,700     74,113,546
       
      130,757,848
       

Computers & Peripherals—9.3%

   

Apple, Inc. (b)

  419,635     77,787,740

Hewlett-Packard Co.

  868,500     41,001,885

International Business Machines Corp.

  267,000     31,935,870

NetApp, Inc. (b)

  645,000     17,208,600
       
      167,934,095
       

Diversified Financial Services—0.7%

   

JPMorgan Chase & Co.

  287,000     12,576,340
       

Electronic Equipment, Instruments & Components—1.1%

Agilent Technologies, Inc. (a) (b)

  718,434     19,994,018
       

Energy Equipment & Services—2.1%

   

Schlumberger, Ltd.

  357,600     21,312,960

Weatherford International, Ltd. (b)

  817,600     16,948,848
       
      38,261,808
       

Food & Staples Retailing—3.5%

   

Costco Wholesale Corp.

  639,100     36,083,586

CVS Caremark Corp.

  745,100     26,629,874
       
      62,713,460
       
Security Description   Shares   Value
   

Food Products—1.8%

   

Cadbury, Plc. (ADR)

  420,800   $ 21,549,168

Unilever, Plc. (ADR)

  363,500     10,425,180
       
      31,974,348
       

Health Care Equipment & Supplies—4.8%

Alcon, Inc.

  304,000     42,155,680

Baxter International, Inc.

  771,200     43,966,112
       
      86,121,792
       

Health Care Providers & Services—2.3%

   

Medco Health Solutions, Inc. (b)

  748,300     41,388,473
       

Hotels, Restaurants & Leisure—1.2%

   

Marriott International, Inc.

  346,800     9,568,212

Starbucks Corp. (b)

  619,600     12,794,740
       
      22,362,952
       

Household Products—2.0%

   

Colgate-Palmolive Co.

  471,700     35,981,276
       

Internet & Catalog Retail—3.6%

   

Amazon.com, Inc. (b)

  692,200     64,623,792
       

Internet Software & Services—6.5%

   

Baidu, Inc. (ADR) (b)

  45,600     17,831,880

Google, Inc. (Class A) (b)

  180,900     89,699,265

Tencent Holdings, Ltd. (HKD)

  633,900     10,258,270
       
      117,789,415
       

IT Services—4.4%

   

MasterCard, Inc. (a)

  163,100     32,970,665

Visa, Inc.

  660,800     45,667,888
       
      78,638,553
       

Life Sciences Tools & Services—0.2%

   

Illumina, Inc. (a) (b)

  63,500     2,698,750
       

Media—2.0%

   

The Walt Disney Co.

  1,328,400     36,477,864
       

Multiline Retail—3.1%

   

Kohl’s Corp. (b)

  471,400     26,893,370

Target Corp.

  627,300     29,282,364
       
      56,175,734
       

Oil, Gas & Consumable Fuels—5.3%

   

Occidental Petroleum Corp.

  453,200     35,530,880

Petroleo Brasileiro S.A. (ADR)

  677,300     31,088,070

Southwestern Energy Co. (b)

  688,400     29,380,912
       
      95,999,862
       

Pharmaceuticals—7.8%

   

Abbott Laboratories

  563,900     27,896,133

Mylan, Inc. (a) (b)

  753,100     12,057,131

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

Jennison Growth Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—(Continued)

 

 

Security Description       
Shares
  Value
   

Pharmaceuticals—(Continued)

   

Roche Holding AG (ADR)

  939,500   $ 38,143,700

Shire, Plc. (ADR)

  310,130     16,216,698

Teva Pharmaceutical Industries, Ltd. (ADR)

  922,800     46,656,768
       
      140,970,430
       

Semiconductors & Semiconductor Equipment—1.0%

Analog Devices, Inc.

  632,300     17,438,834
       

Software—8.6%

   

Adobe Systems, Inc. (b)

  1,181,200     39,026,848

Microsoft Corp.

  1,859,600     48,145,044

Oracle Corp.

  1,075,200     22,407,168

Salesforce.com, Inc. (a) (b)

  314,600     17,910,178

SAP AG (ADR)

  519,100     25,368,417

Shanda Games, Ltd. (ADR) (a) (b)

  158,200     1,850,940
       
      154,708,595
       

Specialty Retail—0.2%

   

Tiffany & Co.

  99,200     3,822,176
       

Textiles, Apparel & Luxury Goods—2.2%

 

Coach, Inc.

  295,770     9,736,748

Nike, Inc. (a)

  469,070     30,348,829
       
      40,085,577
       

Total Common Stock
(Identified Cost $1,562,188,563)

      1,764,748,992
       
Short Term Investments—4.8%   
Security Description   Shares/Par
Amount
  Value  

Mutual Funds—2.4%

   

State Street Navigator Securities Lending Prime Portfolio (c)

    43,482,084   $ 43,482,084   
         
   

Repurchase Agreement—2.4%

   

State Street Repurchase Agreement dated 09/30/09 at 0.010% to be repurchased at $43,223,012 on 10/01/09, collateralized by $42,450,000 Federal Home Loan Bank due 09/17/10 with a value of $44,088,570.

  $ 43,223,000     43,223,000   
         

Total Short Term Investments
(Identified Cost $86,705,084)

      86,705,084   
         

Total Investments—102.7%
(Identified Cost $1,648,893,647) (d)

      1,851,454,076   

Liabilities in excess of other assets

      (48,044,066
         
Net Assets—100%     $ 1,803,410,010   
         

 

(a) All or a portion of the security was on loan. As of September 30, 2009, the market value of securities loaned was $42,938,168 and the collateral received consisted of cash in the amount of $43,482,084. 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, 2009, was $1,648,893,647 and the composition of unrealized appreciation and depreciation of investment securities was $216,939,978 and $(14,379,549), 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.
(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-66


Table of Contents

Metropolitan Series Fund, Inc.

 

Jennison Growth Portfolio

 

 

VALUATION INPUTS

 

The Portfolio is subject to the provisions of the Statement of Financial Accounting Standards No. 157, Fair Value Measurements (“FAS 157”).

FAS 157 establishes a framework for measuring fair value and expands disclosures about fair value measurements in 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 Portfolio’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 investments as of September 30, 2009:

 

Description    Level 1    Level 2    Level 3    Total
Common Stock            

Aerospace & Defense

   $ 13,483,753    $ —      $ —      $ 13,483,753

Auto Components

     12,368,484      —        —        12,368,484

Beverages

     33,788,160      —        —        33,788,160

Biotechnology

     117,112,415      —        —        117,112,415

Capital Markets

     93,861,210      —        —        93,861,210

Chemicals

     34,638,978      —        —        34,638,978

Communications Equipment

     130,757,848      —        —        130,757,848

Computers & Peripherals

     167,934,095      —        —        167,934,095

Diversified Financial Services

     12,576,340      —        —        12,576,340

Electronic Equipment, Instruments & Components

     19,994,018      —        —        19,994,018

Energy Equipment & Services

     38,261,808      —        —        38,261,808

Food & Staples Retailing

     62,713,460      —        —        62,713,460

Food Products

     31,974,348      —        —        31,974,348

Health Care Equipment & Supplies

     86,121,792      —        —        86,121,792

Health Care Providers & Services

     41,388,473      —        —        41,388,473

Hotels, Restaurants & Leisure

     22,362,952      —        —        22,362,952

Household Products

     35,981,276      —        —        35,981,276

Internet & Catalog Retail

     64,623,792      —        —        64,623,792

Internet Software & Services

     107,531,145      10,258,270      —        117,789,415

IT Services

     78,638,553      —        —        78,638,553

Life Sciences Tools & Services

     2,698,750      —        —        2,698,750

Media

     36,477,864      —        —        36,477,864

Multiline Retail

     56,175,734      —        —        56,175,734

Oil, Gas & Consumable Fuels

     95,999,862      —        —        95,999,862

Pharmaceuticals

     140,970,430      —        —        140,970,430

Semiconductors & Semiconductor Equipment

     17,438,834      —        —        17,438,834

Software

     154,708,595      —        —        154,708,595

Specialty Retail

     3,822,176      —        —        3,822,176

Textiles, Apparel & Luxury Goods

     40,085,577      —        —        40,085,577

Total Common Stock

     1,754,490,722      10,258,270      —        1,764,748,992
Short Term Investments            

Mutual Funds

     43,482,084      —        —        43,482,084

Repurchase Agreement

     —        43,223,000      —        43,223,000

Total Short Term Investments

     43,482,084      43,223,000      —        86,705,084

Total Investments

   $ 1,797,972,806    $ 53,481,270    $ —      $ 1,851,454,076
                             

 

 

 

MSF-67


Table of Contents

Metropolitan Series Fund, Inc.

 

Loomis Sayles Small Cap Core Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—97.2% of Net Assets

 

 

Security Description   Shares   Value
   

Aerospace & Defense—1.5%

   

Applied Signal Technology, Inc.

  58,074   $ 1,351,382

Ducommun, Inc.

  47,274     893,952

Hexcel Corp. (a)

  124,278     1,421,740

Teledyne Technologies, Inc. (a)

  44,385     1,597,416
       
      5,264,490
       

Air Freight & Logistics—0.5%

   

Atlas Air Worldwide Holdings, Inc. (a)

  52,001     1,662,472
       

Auto Components—0.3%

   

The Goodyear Tire & Rubber Co. (a)

  68,315     1,163,404
       

Biotechnology—1.6%

   

Alexion Pharmaceuticals, Inc. (a)

  28,986     1,291,036

Incyte Corp., Ltd. (a) (b)

  156,388     1,055,619

Isis Pharmaceuticals, Inc. (a) (b)

  56,527     823,598

Onyx Pharmaceuticals, Inc. (a)

  30,513     914,475

Regeneron Pharmaceuticals, Inc. (a)

  44,929     867,130

Theravance, Inc. (a) (b)

  57,382     840,073
       
      5,791,931
       

Building Products—0.7%

   

Armstrong World Industries, Inc. (a)

  48,918     1,685,714

Trex Co., Inc. (a) (b)

  50,503     919,155
       
      2,604,869
       

Capital Markets—3.4%

   

Evercore Partners, Inc.

  46,003     1,344,208

Fifth Street Finance Corp.

  78,632     859,448

Greenhill & Co., Inc.

  17,733     1,588,522

Investment Technology Group, Inc. (a)

  49,831     1,391,282

JMP Group, Inc.

  37,846     365,592

Legg Mason, Inc.

  36,674     1,137,994

Penson Worldwide, Inc. (a) (b)

  118,196     1,151,229

Stifel Financial Corp. (a) (b)

  77,517     4,255,683
       
      12,093,958
       

Chemicals—1.8%

   

Calgon Carbon Corp. (a) (b)

  61,768     916,019

Ferro Corp. (a) (b)

  140,661     1,251,883

Koppers Holdings, Inc.

  44,670     1,324,466

LSB Industries, Inc. (a)

  42,813     666,598

Minerals Technologies, Inc.

  9,430     448,491

Olin Corp.

  56,123     978,785

RPM International, Inc.

  55,542     1,026,972
       
      6,613,214
       

Commercial Banks—3.9%

   

Bank of the Ozarks, Inc. (b)

  55,887     1,482,682

First Horizon National Corp. (a) (b)

  94,492     1,250,129

Glacier Bancorp, Inc. (b)

  50,857     759,804

Hancock Holding Co. (b)

  19,307     725,364

Iberiabank Corp.

  43,196     1,968,010

Metro Bancorp, Inc. (a) (b)

  32,794     399,103
Security Description   Shares   Value
   

Commercial Banks—(Continued)

   

Prosperity Bancshares, Inc. (b)

  51,672   $ 1,797,669

Signature Bank (a)

  112,645     3,266,705

Southwest Bancorp, Inc.

  59,328     832,965

Sterling Bancshares, Inc.

  213,427     1,560,151
       
      14,042,582
       

Commercial Services & Supplies—4.4%

   

ABM Industries, Inc. (b)

  90,348     1,900,922

American Ecology Corp.

  33,919     634,285

EnerNOC, Inc. (a)

  39,126     1,297,418

McGrath Rentcorp

  33,466     711,822

Rollins, Inc.

  188,295     3,549,361

Standard Parking Corp. (a)

  113,328     1,982,107

Team, Inc. (a)

  37,560     636,642

Tetra Tech, Inc. (a)

  39,937     1,059,529

The Brink’s Co.

  40,783     1,097,470

Waste Connections, Inc. (a)

  105,536     3,045,769
       
      15,915,325
       

Communications Equipment—5.3%

   

ADC Telecommunications, Inc. (a)

  102,167     852,073

Adtran, Inc. (b)

  53,388     1,310,675

Anaren, Inc. (a)

  38,153     648,601

Avocent Corp. (a)

  53,435     1,083,128

Brocade Communications Systems, Inc. (a) (b)

  239,328     1,881,118

Ciena Corp. (a) (b)

  90,135     1,467,398

CommScope, Inc. (a) (b)

  53,969     1,615,292

DG FastChannel, Inc. (a)

  67,580     1,415,125

F5 Networks, Inc. (a)

  35,575     1,409,837

Harris Stratex Networks, Inc. (a)

  238,361     1,668,527

Neutral Tandem, Inc. (a)

  46,538     1,059,205

Nice Systems, Ltd. (ADR) (a)

  42,254     1,286,212

Starent Networks Corp. (a)

  28,731     730,342

Tekelec, Inc. (a) (b)

  78,210     1,284,990

Tellabs, Inc. (a)

  177,980     1,231,622
       
      18,944,145
       

Computers & Peripherals—0.2%

   

Intevac, Inc. (a)

  44,393     596,642
       

Construction & Engineering—1.5%

   

Dycom Industries, Inc. (a)

  57,526     707,570

MasTec, Inc. (a)

  104,096     1,264,766

MYR Group, Inc. (a)

  39,598     835,122

Northwest Pipe Co. (a)

  39,044     1,309,145

Orion Marine Group, Inc. (a) (b)

  64,141     1,317,456
       
      5,434,059
       

Construction Materials—0.2%

   

Eagle Materials, Inc.

  28,881     825,419
       

Consumer Finance—0.5%

   

Dollar Financial Corp. (a)

  117,375     1,880,347
       

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

Loomis Sayles Small Cap Core Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—(Continued)

 

 

Security Description   Shares   Value
   

Containers & Packaging—0.7%

   

Myers Industries, Inc.

  47,545   $ 512,060

Rock-Tenn Co.

  40,699     1,917,330
       
      2,429,390
       

Distributors—0.1%

   

Core-Mark Holding Co., Inc. (a)

  15,580     445,588
       

Diversified Consumer Services—1.3%

   

Grand Canyon Education, Inc. (a)

  62,619     1,116,497

Hillenbrand, Inc.

  49,061     999,372

Lincoln Educational Services Corp. (a)

  50,659     1,159,078

New Oriental Education & Technology Group, Inc. (ADR) (a) (b)

  18,085     1,454,938
       
      4,729,885
       

Diversified Financial Services—1.1%

   

MSCI, Inc. (a)

  51,764     1,533,250

PHH Corp. (a) (b)

  118,792     2,356,833
       
      3,890,083
       

Electric Utilities—2.0%

   

Allete, Inc.

  55,384     1,859,241

ITC Holdings Corp.

  64,332     2,923,890

Portland General Electric Co.

  48,322     952,910

UIL Holdings Corp.

  58,660     1,548,037
       
      7,284,078
       

Electrical Equipment—1.2%

   

Baldor Electric Co. (b)

  33,039     903,286

Encore Wire Corp.

  37,477     837,236

GrafTech International, Ltd. (a)

  57,751     848,940

II-VI, Inc. (a) (b)

  62,146     1,580,994
       
      4,170,456
       

Electronic Equipment, Instruments & Components—1.9%

Cogent, Inc. (a) (b)

  90,158     910,596

IPG Photonics Corp. (a) (b)

  100,657     1,529,986

Littelfuse, Inc. (a)

  30,857     809,688

Methode Electronics, Inc.

  60,808     527,205

Mettler Toledo International, Inc. (a)

  13,965     1,265,089

TTM Technologies, Inc. (a)

  72,815     835,188

Vishay Intertechnology, Inc. (a)

  94,642     747,672
       
      6,625,424
       

Energy Equipment & Services—2.0%

   

Hornbeck Offshore Services, Inc. (a)

  41,742     1,150,410

Lufkin Industries, Inc.

  13,041     693,520

Oceaneering International, Inc. (a) (b)

  60,459     3,431,048

Seahawk Drilling, Inc. (a) (b)

  23,958     744,854

Tesco Corp. (a)

  137,412     1,096,548
       
      7,116,380
       
Security Description   Shares   Value
   

Food & Staples Retailing—0.3%

   

Spartan Stores, Inc.

  82,101   $ 1,160,087
       

Food Products—1.9%

   

Darling International, Inc. (a)

  115,903     851,887

Diamond Foods, Inc. (b)

  43,333     1,374,523

Flowers Foods, Inc. (b)

  52,212     1,372,653

J&J Snack Foods Corp.

  44,615     1,926,922

Ralcorp Holdings, Inc. (a)

  22,323     1,305,226
       
      6,831,211
       

Gas Utilities—0.7%

   

UGI Corp.

  97,272     2,437,636
       

Health Care Equipment & Supplies—3.3%

   

DexCom, Inc. (a)

  129,899     1,030,099

Electro-Optical Sciences, Inc. (a) (b)

  96,874     928,053

ev3, Inc. (a)

  115,288     1,419,195

Insulet Corp. (a) (b)

  82,921     931,203

Masimo Corp. (a) (b)

  32,787     859,020

Medical Action Industries, Inc. (a)

  58,977     711,852

ResMed, Inc. (a)

  32,522     1,469,995

Teleflex, Inc.

  35,032     1,692,396

Volcano Corp. (a)

  83,088     1,397,540

West Pharmaceutical Services, Inc. (b)

  32,630     1,325,104
       
      11,764,457
       

Health Care Providers & Services—2.4%

   

Bio-Reference Labs, Inc. (a) (b)

  35,531     1,222,266

Catalyst Health Solutions, Inc. (a)

  46,076     1,343,115

Corvel Corp. (a)

  21,087     598,871

Genoptix, Inc. (a) (b)

  36,391     1,265,679

IPC The Hospitalist Co., Inc. (a)

  55,135     1,733,996

Mednax, Inc. (a)

  27,071     1,486,739

MWI Veterinary Supply, Inc. (a)

  24,108     963,115
       
      8,613,781
       

Health Care Technology—1.9%

   

athenahealth, Inc. (a)

  39,909     1,531,308

MedAssets, Inc. (a) (b)

  104,140     2,350,440

Phase Forward, Inc. (a)

  82,841     1,163,088

SXC Health Solutions Corp. (a)

  34,641     1,620,852
       
      6,665,688
       

Hotels, Restaurants & Leisure—2.8%

   

Bally Technologies, Inc. (a)

  25,888     993,323

BJ’s Restaurants, Inc. (a) (b)

  77,628     1,163,644

Bob Evans Farms, Inc.

  40,001     1,162,429

Buffalo Wild Wings, Inc. (a) (b)

  31,715     1,319,661

California Pizza Kitchen, Inc. (a)

  56,681     885,357

Dover Downs Gaming & Entertainment, Inc. (b)

  72,962     415,883

Isle of Capri Casinos, Inc. (a) (b)

  78,068     920,422

Panera Bread Co. (a)

  25,210     1,386,550

Penn National Gaming, Inc. (a)

  28,031     775,337

Wyndham Worldwide Corp.

  65,349     1,066,496
       
      10,089,102
       

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

Loomis Sayles Small Cap Core Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—(Continued)

 

 

Security Description   Shares   Value
   

Household Durables—1.1%

   

Jarden Corp. (a)

  45,023   $ 1,263,795

Leggett & Platt, Inc.

  85,085     1,650,649

Tempur-Pedic International, Inc. (a)

  49,089     929,746
       
      3,844,190
       

Industrial Conglomerates—0.2%

   

Raven Industries, Inc. (b)

  28,261     755,417
       

Insurance—4.0%

   

American Physicians Capital, Inc.

  24,495     705,701

Aspen Insurance Holdings, Ltd.

  57,943     1,533,751

HCC Insurance Holdings, Inc.

  75,562     2,066,621

Navigators Group, Inc. (a)

  28,044     1,542,420

ProAssurance Corp. (a)

  23,440     1,223,334

Reinsurance Group of America Inc

  31,514     1,405,524

RLI Corp. (b)

  25,676     1,355,179

The Hanover Insurance Group, Inc.

  29,940     1,237,420

W.R. Berkley Corp.

  61,129     1,545,341

Zenith National Insurance Corp. (b)

  53,730     1,660,257
       
      14,275,548
       

Internet & Catalog Retail—0.5%

   

HSN, Inc. (a)

  99,170     1,614,488
       

Internet Software & Services—1.4%

   

Constant Contact, Inc. (a) (b)

  64,937     1,250,037

DealerTrack Holdings, Inc. (a)

  75,910     1,435,458

GSI Commerce, Inc. (a)

  76,002     1,467,599

United Online, Inc.

  90,602     728,440
       
      4,881,534
       

IT Services—2.6%

   

Broadridge Financial Solutions, Inc.

  105,568     2,121,917

Cybersource Corp. (a)

  84,682     1,411,649

Global Payments, Inc.

  28,232     1,318,434

Lender Processing Services, Inc.

  49,363     1,884,186

SRA International, Inc. (a)

  45,221     976,321

Wright Express Corp. (a)

  49,066     1,447,938
       
      9,160,445
       

Life Sciences Tools & Services—0.6%

   

AMAG Pharmaceuticals, Inc. (a) (b)

  21,378     933,791

Nektar Therapeutics (a) (b)

  126,162     1,228,818
       
      2,162,609
       

Machinery—3.6%

   

Actuant Corp. (b)

  109,041     1,751,198

Albany International Corp. (Class A)

  77,019     1,494,169

Altra Holdings, Inc. (a)

  76,117     851,749

Bucyrus International, Inc.

  43,091     1,534,901

Colfax Corp. (a)

  37,181     395,234

Dynamic Materials Corp.

  42,030     838,919

Energy Recovery, Inc. (a) (b)

  133,019     774,171
Security Description   Shares   Value
   

Machinery—(Continued)

   

John Bean Technologies Corp.

  83,276   $ 1,513,125

Tennant Co.

  23,576     685,119

The Middleby Corp. (a) (b)

  8,341     458,838

Wabtec Corp. (b)

  66,935     2,512,071
       
      12,809,494
       

Marine—0.2%

 

Kirby Corp. (a)

  14,490     533,522
       

Media—2.4%

 

Alloy, Inc. (a)

  64,685     437,917

Arbitron, Inc. (b)

  43,827     909,848

Dolan Media Co. (a)

  67,276     806,639

IMAX Corp. (a)

  129,987     1,223,178

John Wiley & Sons, Inc.

  56,938     1,980,304

Live Nation, Inc. (a)

  210,274     1,722,144

Scholastic Corp.

  66,952     1,629,612
       
      8,709,642
       

Metals & Mining—0.8%

 

Horsehead Holding Corp. (a)

  80,044     938,116

Reliance Steel & Aluminum Co. (b)

  42,736     1,818,844
       
      2,756,960
       

Multi-Utilities—0.3%

 

NorthWestern Corp.

  48,516     1,185,246
       

Oil, Gas & Consumable Fuels—3.6%

 

Arena Resources, Inc. (a)

  78,721     2,794,596

Berry Petroleum Co. (b)

  42,836     1,147,148

Comstock Resources, Inc. (a)

  92,929     3,724,594

Concho Resources, Inc. (a)

  46,450     1,687,064

Mariner Energy, Inc. (a)

  82,250     1,166,305

Penn Virginia Corp.

  110,644     2,534,854
       
      13,054,561
       

Paper & Forest Products—0.3%

 

Clearwater Paper Corp. (a)

  18,085     747,453

Deltic Timber Corp. (b)

  10,338     473,170
       
      1,220,623
       

Personal Products—0.3%

 

Alberto-Culver Co.

  41,225     1,141,108
       

Pharmaceuticals—2.2%

 

Cypress Bioscience, Inc. (a)

  104,513     853,871

Endo Pharmaceuticals Holdings, Inc. (a) (b)

  61,749     1,397,380

Eurand NV (a)

  72,313     1,094,819

Inspire Pharmaceuticals, Inc. (a)

  153,712     802,377

Obagi Medical Products, Inc. (a)

  87,164     1,011,102

Perrigo Co. (b)

  81,335     2,764,577
       
      7,924,126
       

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

Loomis Sayles Small Cap Core Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares   Value
   

Professional Services—1.3%

 

ICF International, Inc. (a) (b)

  57,851   $ 1,754,042

IHS, Inc. (a) (b)

  31,956     1,633,910

Monster Worldwide, Inc. (a) (b)

  81,033     1,416,457
       
      4,804,409
       

Real Estate Investment Trusts—2.8%

 

American Campus Communities, Inc.

  82,317     2,210,211

Capstead Mortgage Corp.

  143,979     2,002,748

Chimera Investment Corp.

  349,223     1,334,032

Digital Realty Trust, Inc. (b)

  38,849     1,775,788

National Retail Properties, Inc.

  49,773     1,068,626

Potlatch Corp.

  61,047     1,736,787
       
      10,128,192
       

Real Estate Management & Development—0.6%

 

Forestar Group, Inc. (a) (b)

  123,927     2,129,066
       

Road & Rail—0.7%

 

Con-Way, Inc.

  23,058     883,583

Genesee & Wyoming, Inc. (a)

  42,842     1,298,969

Saia, Inc. (a)

  17,019     273,666
       
      2,456,218
       

Semiconductors & Semiconductor Equipment—5.5%

 

Applied Micro Circuits Corp. (a)

  45,724     456,783

Atmel Corp. (a)

  204,040     854,928

Cavium Networks, Inc. (a) (b)

  59,923     1,286,547

Cohu, Inc.

  55,933     758,451

Cymer, Inc. (a)

  31,946     1,241,422

Entegris, Inc. (a)

  238,213     1,179,154

Hittite Microwave Corp. (a)

  34,973     1,286,307

Lam Research Corp. (a)

  46,785     1,598,176

NetLogic Microsystems, Inc. (a)

  30,937     1,392,165

ON Semiconductor Corp. (a)

  167,878     1,384,993

Power Integrations, Inc. (b)

  36,551     1,218,245

Semtech Corp. (a)

  52,378     890,950

Silicon Laboratories, Inc. (a) (b)

  36,180     1,677,305

Teradyne, Inc. (a) (b)

  133,649     1,236,253

TriQuint Semiconductor, Inc. (a)

  211,653     1,633,961

Varian Semiconductor Equipment Associates, Inc. (a) (b)

  50,691     1,664,692
       
      19,760,332
       

Software—5.1%

   

ArcSight, Inc. (a)

  30,564     735,675

Ariba, Inc. (a) (b)

  127,222     1,475,775

Blackboard, Inc. (a) (b)

  44,593     1,684,724

Concur Technologies, Inc. (a) (b)

  36,039     1,432,911

DemandTec, Inc. (a) (b)

  115,147     1,016,748

Informatica Corp. (a)

  113,723     2,567,865

MicroStrategy, Inc. (Class A) (a)

  9,800     701,092

Progress Software Corp. (a)

  35,405     801,923

Quest Software, Inc. (a)

  61,602     1,037,994

Sourcefire, Inc. (a)

  36,625     786,339

Sybase, Inc. (a) (b)

  39,718     1,545,030
Security Description   Shares   Value
   

Software—(Continued)

   

Tyler Technologies, Inc. (a) (b)

  85,050   $ 1,453,505

Ultimate Software Group, Inc. (a) (b)

  51,894     1,490,396

VanceInfo Technologies, Inc. (a)

  81,585     1,586,012
       
      18,315,989
       

Specialty Retail—3.6%

   

DSW, Inc. (Class A) (a) (b)

  93,023     1,485,577

Genesco, Inc. (a)

  37,039     891,529

hhgregg, Inc. (a) (b)

  59,223     1,003,238

Hibbett Sports, Inc. (a) (b)

  57,478     1,047,824

Jo-Ann Stores, Inc. (a)

  45,464     1,219,799

Lumber Liquidators, Inc. (a) (b)

  72,511     1,572,764

Monro Muffler, Inc. (b)

  45,301     1,440,119

Sally Beauty Holdings, Inc. (a) (b)

  250,473     1,780,863

Sonic Automotive, Inc. (a)

  105,873     1,111,666

Ulta Salon Cosmetics & Fragrance, Inc. (a)

  76,842     1,268,661
       
      12,822,040
       

Textiles, Apparel & Luxury Goods—3.3%

 

Carter’s, Inc. (a)

  85,457     2,281,702

FGX International Holdings, Ltd. (a) (b)

  64,154     894,948

Fossil, Inc. (a)

  56,870     1,617,951

Fuqi International, Inc. (a) (b)

  33,210     972,389

lululemon athletica, inc. (a)

  43,385     987,009

Movado Group, Inc. (a) (b)

  72,999     1,060,675

Phillips-Van Heusen Corp.

  38,609     1,652,079

Under Armour, Inc. (a) (b)

  53,289     1,483,033

Volcom, Inc. (a) (b)

  50,891     838,684
       
      11,788,470
       

Thrifts & Mortgage Finance—0.5%

 

Washington Federal, Inc.

  64,245     1,083,171

Westfield Financial, Inc.

  89,755     760,225
       
      1,843,396
       

Water Utilities—0.3%

   

Middlesex Water Co.

  61,079     921,071
       

Total Common Stock
(Identified Cost $297,046,374)

      348,084,799
       
Short Term Investments—15.1%  
Security Description   Shares/Par
Amount
  Value

Mutual Funds—13.0%

   

State Street Navigator Securities Lending Prime Portfolio (c)

  46,533,385     46,533,385
       

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

Loomis Sayles Small Cap Core Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Short Term Investments—(Continued)

 

 

Security Description   Shares/Par
Amount
  Value  
   

Repurchase Agreement—2.1%

   

State Street Repurchase Agreement dated 09/30/09 at 0.010% to be repurchased at $7,577,002 on 10/01/09, collateralized by $7,720,000 Federal Home Loan Mortgage Corp. due 04/01/11 with a value of $7,729,650.

  $   7,577,000   $ 7,577,000   
         

Total Short Term Investments
(Identified Cost $54,110,385)

      54,110,385   
         

Total Investments—112.3%
(Identified Cost $351,156,759) (d)

      402,195,184   

Liabilities in excess of other assets

      (43,934,925
         
Net Assets—100%     $ 358,260,259   
         

 

(a) Non-Income Producing.
(b) All or a portion of the security was on loan. As of September 30, 2009, the market value of securities loaned was $45,300,403 and the collateral received consisted of cash in the amount of $46,533,385 and non-cash collateral with a value of $192,557. 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, 2009 was $351,191,466 and the composition of unrealized appreciation and depreciation of investment securities was $62,324,861 and $(11,321,143), 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.

 

VALUATION INPUTS

 

The Portfolio is subject to the provisions of the Statement of Financial Accounting Standards No. 157, Fair Value Measurements (“FAS 157”). FAS 157 establishes a framework for measuring fair value and expands disclosures about fair value measurements in 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 Portfolio’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 investments as of September 30, 2009:

 

Description    Level 1    Level 2    Level 3    Total

Total Common Stock

   $ 348,084,799    $ —      $ —      $ 348,084,799
Short Term Investments            

Mutual Funds

     46,533,385      —        —        46,533,385

Repurchase Agreement

     —        7,577,000      —        7,577,000

Total Short Term Investments

     46,533,385      7,577,000      —        54,110,385

Total Investments

   $ 394,618,184    $ 7,577,000    $ —      $ 402,195,184
                             

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

Loomis Sayles Small Cap Growth Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—97.3% of Net Assets

 

 

Security Description   Shares   Value
   

Aerospace & Defense—2.0%

   

Applied Signal Technology, Inc.

  32,704   $ 761,022

Hexcel Corp. (a)

  69,867     799,279
       
      1,560,301
       

Biotechnology—4.1%

   

Alexion Pharmaceuticals, Inc. (a)

  16,087     716,515

Incyte Corp., Ltd. (a) (b)

  88,333     596,248

Isis Pharmaceuticals, Inc. (a)

  31,414     457,702

Onyx Pharmaceuticals, Inc. (a)

  17,235     516,533

Regeneron Pharmaceuticals, Inc. (a)

  25,501     492,169

Theravance, Inc. (a) (b)

  32,389     474,175
       
      3,253,342
       

Building Products—0.6%

   

Trex Co., Inc. (a)

  28,440     517,608
       

Capital Markets—4.0%

   

Evercore Partners, Inc.

  26,110     762,934

Greenhill & Co., Inc.

  10,018     897,412

Penson Worldwide, Inc. (a) (b)

  66,778     650,418

Stifel Financial Corp. (a)

  16,401     900,415
       
      3,211,179
       

Commercial Banks—0.9%

   

Signature Bank (a)

  25,871     750,259
       

Commercial Services & Supplies—2.7%

   

EnerNOC, Inc. (a)

  22,084     732,305

Tetra Tech, Inc. (a)

  22,490     596,660

Waste Connections, Inc. (a)

  27,544     794,920
       
      2,123,885
       

Communications Equipment—7.7%

   

Brocade Communications Systems, Inc. (a) (b)

  90,215     709,090

Ciena Corp. (a) (b)

  50,727     825,836

DG FastChannel, Inc. (a)

  38,033     796,411

F5 Networks, Inc. (a)

  19,770     783,485

Harris Stratex Networks, Inc. (a)

  87,608     613,256

Neutral Tandem, Inc. (a)

  25,827     587,822

Nice Systems, Ltd. (ADR) (a)

  23,483     714,822

Starent Networks Corp. (a)

  16,149     410,508

Tellabs, Inc. (a)

  100,554     695,834
       
      6,137,064
       

Construction & Engineering—3.2%

   

Dycom Industries, Inc. (a)

  31,926     392,690

MasTec, Inc. (a)

  58,620     712,233

Northwest Pipe Co. (a)

  21,668     726,528

Orion Marine Group, Inc. (a) (b)

  35,597     731,162
       
      2,562,613
       

Diversified Consumer Services—2.6%

   

Grand Canyon Education, Inc. (a)

  35,651     635,658

Lincoln Educational Services Corp. (a)

  28,498     652,034
Security Description   Shares   Value
   

Diversified Consumer Services—(Continued)

   

New Oriental Education & Technology Group, Inc. (ADR) (a)

  10,178   $ 818,820
       
      2,106,512
       

Diversified Financial Services—1.1%

   

MSCI, Inc. (a)

  28,728     850,923
       

Electric Utilities—0.9%

   

ITC Holdings Corp.

  15,498     704,384
       

Electronic Equipment, Instruments & Components—1.7%

Cogent, Inc. (a)

  50,107     506,081

IPG Photonics Corp. (a) (b)

  55,863     849,117
       
      1,355,198
       

Energy Equipment & Services—1.8%

   

Oceaneering International, Inc. (a)

  14,871     843,929

Tesco Corp. (a)

  77,994     622,392
       
      1,466,321
       

Food Products—1.0%

   

Diamond Foods, Inc. (b)

  24,052     762,929
       

Health Care Equipment & Supplies—5.6%

   

DexCom, Inc. (a) (b)

  72,921     578,264

Electro-Optical Sciences, Inc. (a) (b)

  54,690     523,930

ev3, Inc. (a)

  64,923     799,202

Insulet Corp. (a) (b)

  46,696     524,396

Masimo Corp. (a) (b)

  18,196     476,735

ResMed, Inc. (a)

  18,049     815,815

Volcano Corp. (a)

  46,900     788,858
       
      4,507,200
       

Health Care Providers & Services—3.9%

   

Bio-Reference Labs, Inc. (a)

  19,935     685,764

Catalyst Health Solutions, Inc. (a)

  25,868     754,052

Genoptix, Inc. (a) (b)

  20,480     712,294

IPC The Hospitalist Co., Inc. (a)

  30,939     973,032
       
      3,125,142
       

Health Care Technology—4.7%

   

athenahealth, Inc. (a)

  22,149     849,857

MedAssets, Inc. (a) (b)

  57,796     1,304,456

Phase Forward, Inc. (a)

  45,975     645,489

SXC Health Solutions Corp. (a)

  19,496     912,218
       
      3,712,020
       

Hotels, Restaurants & Leisure—3.4%

   

Bally Technologies, Inc. (a)

  14,579     559,396

BJ’s Restaurants, Inc. (a)

  43,858     657,431

Buffalo Wild Wings, Inc. (a) (b)

  17,788     740,159

Panera Bread Co. (a) (b)

  14,243     783,365
       
      2,740,351
       

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

Loomis Sayles Small Cap Growth Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—(Continued)

 

 

Security Description   Shares   Value
   

Household Durables—0.7%

   

Tempur-Pedic International, Inc. (a)

  27,591   $ 522,574
       

Internet Software & Services—2.9%

   

Constant Contact, Inc. (a)

  36,857     709,497

DealerTrack Holdings, Inc. (a)

  42,666     806,814

GSI Commerce, Inc. (a)

  42,939     829,152
       
      2,345,463
       

IT Services—1.0%

   

Cybersource Corp. (a)

  48,065     801,244
       

Life Sciences Tools & Services—1.5%

   

AMAG Pharmaceuticals, Inc. (a)

  12,067     527,087

Nektar Therapeutics (a) (b)

  71,002     691,559
       
      1,218,646
       

Machinery—2.4%

   

Bucyrus International, Inc.

  24,530     873,759

Energy Recovery, Inc. (a) (b)

  74,606     434,207

Wabtec Corp.

  15,969     599,316
       
      1,907,282
       

Media—0.8%

   

IMAX Corp. (a)

  72,141     678,847
       

Oil, Gas & Consumable Fuels—3.6%

Arena Resources, Inc. (a)

  22,630     803,365

Comstock Resources, Inc. (a)

  26,893     1,077,871

Concho Resources, Inc. (a)

  26,364     957,541
       
      2,838,777
       

Pharmaceuticals—1.9%

   

Cypress Bioscience, Inc. (a)

  58,865     480,927

Eurand NV (a)

  40,259     609,521

Inspire Pharmaceuticals, Inc. (a)

  87,245     455,419
       
      1,545,867
       

Professional Services—3.4%

   

ICF International, Inc. (a)

  32,630     989,342

IHS, Inc. (a) (b)

  17,735     906,790

Monster Worldwide, Inc. (a) (b)

  45,604     797,158
       
      2,693,290
       

Semiconductors & Semiconductor Equipment—8.0%

Cavium Networks, Inc. (a) (b)

  33,724     724,054

Cymer, Inc. (a)

  18,032     700,724

Hittite Microwave Corp. (a)

  19,759     726,736

Lam Research Corp. (a)

  25,965     886,964

NetLogic Microsystems, Inc. (a)

  17,193     773,685

Power Integrations, Inc.

  20,631     687,631

Silicon Laboratories, Inc. (a)

  20,079     930,863

Varian Semiconductor Equipment Associates, Inc. (a) (b)

  28,133     923,888
       
      6,354,545
       
Security Description   Shares   Value  
   

Software—9.5%

   

ArcSight, Inc. (a)

    17,203   $ 414,076   

Ariba, Inc. (a)

    70,606     819,030   

Blackboard, Inc. (a) (b)

    24,748     934,979   

Concur Technologies, Inc. (a)

    20,001     795,240   

DemandTec, Inc. (a) (b)

    64,947     573,482   

Informatica Corp. (a)

    47,251     1,066,928   

Sourcefire, Inc. (a)

    20,783     446,211   

Tyler Technologies, Inc. (a) (b)

    47,202     806,682   

Ultimate Software Group, Inc. (a) (b)

    29,205     838,768   

VanceInfo Technologies, Inc. (a)

    46,307     900,208   
         
      7,595,604   
         

Specialty Retail—5.5%

   

DSW, Inc. (Class A) (a) (b)

    52,555     839,303   

hhgregg, Inc. (a) (b)

    33,614     569,421   

Hibbett Sports, Inc. (a) (b)

    31,899     581,519   

Lumber Liquidators, Inc. (a)

    40,242     872,849   

Monro Muffler, Inc.

    25,462     809,437   

Ulta Salon Cosmetics & Fragrance, Inc. (a)

    43,190     713,067   
         
      4,385,596   
         

Textiles, Apparel & Luxury Goods—4.2%

 

Fuqi International, Inc. (a) (b)

    18,763     549,381   

lululemon athletica, inc. (a)

    24,625     560,219   

Phillips-Van Heusen Corp.

    21,677     927,559   

Under Armour, Inc. (a) (b)

    29,575     823,072   

Volcom, Inc. (a) (b)

    28,659     472,300   
         
      3,332,531   
         

Total Common Stock
(Identified Cost $62,765,699)

      77,667,497   
         
Short Term Investments—13.9%  
Security Description   Shares/Par
Amount
  Value  

Mutual Funds—12.4%

   

State Street Navigator Securities Lending Prime Portfolio (c)

    9,929,249     9,929,249   
         

Repurchase Agreement—1.5%

   

State Street Repurchase Agreement dated 09/30/09 at 0.010% to be repurchased at $1,154,000 on 10/01/09, collateralized by $1,180,000 Federal Home Loan Mortgage Corp. due 04/01/11 with a value of $1,181,475.

  $ 1,154,000     1,154,000   
         

Total Short Term Investments
(Identified Cost $11,083,249)

      11,083,249   
         

Total Investments—111.2%
(Identified Cost $73,848,948) (d)

      88,750,746   

Liabilities in excess of other assets

      (8,961,248
         
Net Assets—100%     $ 79,789,498   
         

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

Loomis Sayles Small Cap Growth Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

 

 

(a) Non-Income Producing.
(b) All or a portion of the security was on loan. As of September 30, 2009, the market value of securities loaned was $9,580,121 and the collateral received consisted of cash in the amount of $9,929,249. 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, 2009, was $73,848,948 and the composition of unrealized appreciation and depreciation of investment securities was $15,869,056 and $(967,258), 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.

VALUATION INPUTS

 

The Portfolio is subject to the provisions of the Statement of Financial Accounting Standards No. 157, Fair Value Measurements (“FAS 157”). FAS 157 establishes a framework for measuring fair value and expands disclosures about fair value measurements in 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 Portfolio’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 investments as of September 30, 2009:

 

Description    Level 1    Level 2    Level 3    Total

Total Common Stock

   $ 77,667,497    $ —      $ —      $ 77,667,497
Short Term Investments            

Mutual Funds

     9,929,249      —        —        9,929,249

Repurchase Agreement

     —        1,154,000      —        1,154,000

Total Short Term Investments

     9,929,249      1,154,000      —        11,083,249

Total Investments

   $ 87,596,746    $ 1,154,000    $ —      $ 88,750,746
                             

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

Met/Artisan Mid Cap Value Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—94.9% of Net Assets

 

 

Security Description   Shares   Value
   

Aerospace & Defense—4.6%

   

L-3 Communications Holdings, Inc.

  275,400   $ 22,120,128

Rockwell Collins, Inc.

  704,200     35,773,360
       
      57,893,488
       

Auto Components—1.2%

   

BorgWarner, Inc. (a)

  505,400     15,293,404
       

Commercial Services & Supplies—2.3%

   

Cintas Corp. (a)

  942,400     28,564,144
       

Computers & Peripherals—1.3%

   

Seagate Technology

  1,049,900     15,968,979
       

Consumer Finance—0.3%

   

The Student Loan Corp.

  86,698     4,022,787
       

Diversified Consumer Services—1.4%

   

H&R Block, Inc.

  926,600     17,030,908
       

Electric Utilities—1.6%

   

PPL Corp.

  649,500     19,705,830
       

Electrical Equipment—4.7%

   

Acuity Brands, Inc. (a)

  679,985     21,902,317

Hubbell, Inc. (Class B)

  596,051     25,034,142

Thomas & Betts Corp. (b)

  384,800     11,574,784
       
      58,511,243
       

Electronic Equipment, Instruments & Components—6.7%

Arrow Electronics, Inc. (b)

  911,736     25,665,368

Avnet, Inc. (b)

  1,092,100     28,361,837

Ingram Micro, Inc. (b)

  1,818,000     30,633,300
       
      84,660,505
       

Energy Equipment & Services—5.0%

   

Baker Hughes, Inc.

  274,900     11,727,234

Nabors Industries, Ltd. (b)

  1,581,500     33,053,350

Pride International, Inc. (a) (b)

  575,700     17,524,308

Seahawk Drilling, Inc. (a) (b)

  9,400     292,246
       
      62,597,138
       

Food & Staples Retailing—3.8%

   

Sysco Corp.

  804,500     19,991,825

The Kroger Co.

  1,374,200     28,363,488
       
      48,355,313
       

Food Products—3.2%

   

Campbell Soup Co.

  619,700     20,214,614

H.J. Heinz Co.

  505,600     20,097,600
       
      40,312,214
       

Health Care Equipment & Supplies—2.8%

   

CareFusion Corp. (b)

  265,750     5,793,350

Stryker Corp.

  647,700     29,425,011
       
      35,218,361
       
Security Description   Shares   Value
   

Health Care Providers & Services—2.8%

   

Cardinal Health, Inc.

  531,500   $ 14,244,200

CIGNA Corp.

  751,000     21,095,590
       
      35,339,790
       

Hotels, Restaurants & Leisure—2.6%

   

Burger King Holdings, Inc.

  1,207,800     21,245,202

Carnival Corp.

  338,000     11,248,640
       
      32,493,842
       

Household Durables—1.4%

   

Mohawk Industries, Inc. (a) (b)

  381,530     18,195,166
       

Insurance—12.5%

   

Alleghany Corp. (b)

  133,748     34,647,419

Allied World Assurance Co. Holdings, Ltd.

  475,477     22,789,613

Arch Capital Group, Ltd. (b)

  384,600     25,975,884

Brown & Brown, Inc.

  964,000     18,470,240

Fidelity National Financial, Inc.

  1,844,300     27,812,044

The Progressive Corp. (b)

  1,295,300     21,476,074

W.R. Berkley Corp.

  211,000     5,334,080
       
      156,505,354
       

IT Services—3.4%

   

Hewitt Associates, Inc. (a) (b)

  707,900     25,788,797

SAIC, Inc. (b)

  948,000     16,627,920
       
      42,416,717
       

Leisure Equipment & Products—1.7%

   

Mattel, Inc.

  1,168,400     21,568,664
       

Life Sciences Tools & Services—1.5%

   

Covance, Inc. (a) (b)

  337,100     18,253,965
       

Machinery—1.8%

   

Dover Corp.

  600,300     23,267,628
       

Marine—0.8%

   

Alexander & Baldwin, Inc.

  320,500     10,284,845
       

Media—3.9%

   

Marvel Entertainment, Inc. (b)

  429,700     21,321,714

Omnicom Group, Inc.

  735,800     27,180,452
       
      48,502,166
       

Multi-Utilities—1.6%

   

SCANA Corp.

  566,500     19,770,850
       

Oil, Gas & Consumable Fuels—5.5%

   

Cimarex Energy Co. (a)

  774,600     33,555,672

EOG Resources, Inc.

  261,000     21,796,110

Valero Energy Corp.

  681,800     13,220,102
       
      68,571,884
       

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

Met/Artisan Mid Cap Value Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—(Continued)

 

 

Security Description       
Shares
  Value
   

Professional Services—6.4%

   

Dun & Bradstreet Corp.

  259,400   $ 19,538,008

Equifax, Inc.

  884,600     25,777,244

Manpower, Inc.

  311,800     17,682,178

Robert Half International, Inc. (a)

  672,000     16,813,440
       
      79,810,870
       

Real Estate Investment Trusts—1.6%

   

Annaly Capital Management, Inc.

  1,091,000     19,790,740
       

Road & Rail—1.6%

   

Ryder System, Inc.

  518,600     20,256,516
       

Semiconductors & Semiconductor Equipment—4.6%

 

Analog Devices, Inc.

  675,400     18,627,532

Lam Research Corp. (b)

  497,200     16,984,352

National Semiconductor Corp.

  1,596,600     22,783,482
       
      58,395,366
       

Software—0.7%

   

Autodesk, Inc. (b)

  384,300     9,146,340
       

Specialty Retail—0.4%

   

AutoZone, Inc. (b)

  35,400     5,176,188
       

Trading Companies & Distributors—1.2%

 

GATX Corp. (a)

  559,400     15,635,230
       

Total Common Stock
(Identified Cost $1,015,198,276)

      1,191,516,435
       
Short Term Investments — 11.1%  
Security Description   Shares/Par
Amount
  Value  

Mutual Funds—5.8%

   

State Street Navigator Securities Lending Prime Portfolio (c)

    73,484,613   $ 73,484,613   
         

Repurchase Agreement—5.3%

   

State Street Repurchase Agreement dated 09/30/09 at 0.010% to be repurchased at $66,238,018 on 10/01/09, collateralized by $65,055,000 Federal Home Loan Bank 4.375% due 09/17/10 with a value of $67,566,123.

  $ 66,238,000     66,238,000   
         

Total Short Term Investments
(Identified Cost $139,722,613)

      139,722,613   
         

Total Investments—106.0%
(Identified Cost $1,154,920,889) (d)

      1,331,239,048   

Liabilities in excess of other assets

      (75,899,318
         
Net Assets—100%     $ 1,255,339,730   
         

 

(a) All or a portion of the security was on loan. As of September 30, 2009, the market value of securities loaned was $70,665,330 and the collateral received consisted of cash in the amount of $73,484,613. 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, 2009 was $1,154,920,889 and the composition of unrealized appreciation and depreciation of investment securities was $182,777,784 and $(6,459,625), respectively.

 

VALUATION INPUTS

 

The Portfolio is subject to the provisions of the Statement of Financial Accounting Standards No. 157, Fair Value Measurements (“FAS 157”). FAS 157 establishes a framework for measuring fair value and expands disclosures about fair value measurements in 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 Portfolio’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 investments as of September 30, 2009:

 

Description    Level 1    Level 2    Level 3    Total

Total Common Stock

   $ 1,191,516,435    $ —      $ —      $ 1,191,516,435

Short Term Investments

           

Mutual Funds

     73,484,613      —        —        73,484,613

Repurchase Agreement

     —        66,238,000      —        66,238,000

Total Short Term Investments

     73,484,613      66,238,000      —        139,722,613

Total Investments

   $ 1,265,001,048    $ 66,238,000    $ —      $ 1,331,239,048
                             

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

Met/Dimensional International Small Company Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—99.4% of Net Assets

 

Security Description   Shares   Value
   

Australia—7.0%

   

Acrux, Ltd. (a)

  13,225   $ 19,858

Adelaide Brighton, Ltd.

  175,792     430,687

AED Oil, Ltd. (a)

  61,261     32,820

Aevum, Ltd.

  10,395     12,972

AJ Lucas Group, Ltd.

  26,227     113,729

Alchemia, Ltd. (a)

  47,934     24,080

AlesCo.Corp., Ltd. (b)

  53,425     212,109

Alkane Resources, Ltd. (a)

  3,882     1,498

Alliance Resources, Ltd. (a)

  81,385     51,023

Amalgamated Holdings, Ltd.

  2,640     11,649

Amcom Telecommunications, Ltd.

  120,520     21,225

Andean Resources, Ltd. (a)

  157,856     320,537

Ansell, Ltd.

  51,631     453,476

APA Group

  184,711     514,470

Apex Minerals NL (a)

  167,652     7,813

APN News & Media, Ltd.

  165,897     300,932

Aquila Resources, Ltd. (a) (b)

  92,517     576,513

ARB Corp., Ltd.

  19,111     83,980

ASG Group, Ltd.

  23,967     20,456

Atlas Iron, Ltd.

  85,033     120,534

Ausdrill, Ltd.

  17,240     28,077

Ausenco., Ltd. (b)

  28,077     143,692

Austal, Ltd.

  17,351     39,667

Austar United Communications, Ltd. (a)

  306,790     333,832

Austbrokers Holdings, Ltd.

  8,561     36,564

Austereo Group, Ltd.

  39,233     50,551

Austin Engineering, Ltd.

  10,214     20,995

Australian Agricultural Co., Ltd.

  85,033     108,264

Australian Infrastructure Fund

  204,797     290,827

Australian Pharmaceutical Industries, Ltd.

  84,742     63,295

Australian Worldwide Exploration, Ltd. (a)

  209,801     500,938

Automotive Holdings Group

  53,659     94,888

Avexa, Ltd. (a)

  103,389     10,477

Avoca Resources, Ltd. (a)

  88,015     115,169

AWB, Ltd.

  208,550     233,265

AWB, Ltd. (Placement Shares) (a)

  266,696     299,964

Babcock & Brown Wind Partners

  389,202     517,394

Bank of Queensland, Ltd. (b)

  60,582     635,024

Beach Petroleum, Ltd.

  485,952     321,080

Bendingo Mining, Ltd.

  45,078     9,730

Berkeley Resources, Ltd. (a)

  9,411     10,392

Biota Holdings, Ltd. (a)

  20,140     48,266

Blackmores, Ltd.

  1,478     26,482

Bow Energy, Ltd. (a)

  18,501     22,899

Braddken, Ltd.

  46,881     270,794

Brockman Resources, Ltd.

  13,011     19,429

Cabcharge Australia, Ltd. (b)

  51,760     259,687

Campbell Brothers, Ltd.

  18,935     493,904

Cape Lambert Iron Ore, Ltd. (a)

  61,000     25,656

Cardno, Ltd.

  9,356     36,709

Carnarvon Petroleum, Ltd. (a)

  261,557     123,585

Carnegie Corp., Ltd. (a)

  63,298     12,498

Cash Converters International, Ltd.

  68,077     37,754

Catalpa Resources, Ltd. (a)

  104,588     13,306

CBH Resources, Ltd. (a)

  39,159     3,368

Cellestis, Ltd. (a)

  11,202     33,356

Centamin Egypt, Ltd. (a)

  111,248     163,870
Security Description   Shares   Value
   

Australia—(Continued)

   

Centennial Coal Co., Ltd.

  207,191   $ 584,869

Ceramic Fuel Cells, Ltd. (a)

  86,397     21,981

Challenger Financial Services Group, Ltd.

  282,888     846,287

Charter Hall Group (REIT)

  98,572     54,491

Chemgenex Pharmaceuticals, Ltd.

  17,256     11,124

Citadel Resource Group, Ltd. (a)

  140,843     48,238

Clean Seas Tuna, Ltd. (a)

  857     403

Clough, Ltd.

  89,000     72,207

Coal of Africa, Ltd. (a) (b)

  24,930     48,512

Coffey International, Ltd.

  11,910     23,138

ConnectEast Group

  1,584,803     500,444

Conquest Mining, Ltd. (a)

  8,485     5,434

Consolidated Media Holdings, Ltd.

  80,615     211,566

Corporate Express Australia, Ltd.

  31,332     112,893

Count Financial, Ltd.

  64,404     87,872

Crane Group, Ltd.

  44,570     429,945

CSG, Ltd.

  21,325     26,267

Cudeco, Ltd. (a)

  51,210     230,102

Customers, Ltd. (a)

  24,770     72,199

Deep Yellow, Ltd. (a)

  335,540     97,121

Devine, Ltd.

  33,449     14,025

Dominion Mining, Ltd.

  30,667     99,386

Domino’s Pizza Enterprises, Ltd.

  9,103     32,482

Downer EDI, Ltd.

  63,039     452,912

DUET Group

  101,466     151,277

DWS Advanced Business Solutions, Ltd.

  4,880     6,031

Eastern Star Gas, Ltd. (a)

  322,414     262,857

Elders, Ltd. (b)

  360,798     76,023

Emeco Holdings, Ltd.

  55,714     42,583

Energy Developments, Ltd.

  54,169     117,939

Energy World Corp., Ltd.

  130,546     48,029

Entertainment Media & Telecoms Corp., Ltd. (a)

  76,189     30,787

Envestra, Ltd.

  443,882     224,361

Extract Resources, Ltd. (a)

  10,324     82,835

Extract Resources, Ltd. (Entitlement Issue) (a) (c)

  294     2,363

Fantastic Holdings, Ltd.

  250     794

Ferraus, Ltd. (a)

  33,559     19,498

FKP Property Group

  487,357     324,678

Fleetwood Corp., Ltd.

  41,461     318,504

FlexiGroup, Ltd.

  47,812     70,110

Flight Centre, Ltd. (b)

  23,212     305,722

Flinders Mines, Ltd. (a)

  288,913     32,906

Geodynamics, Ltd. (a)

  82,317     67,333

Ginalbie Metals, Ltd. (a)

  46,862     35,308

Giralia Resources NL (a)

  17,184     16,035

Goodman Fielder, Ltd. (b)

  71,608     105,509

GrainCorp., Ltd.

  16,828     133,769

GUD Holdings, Ltd. (b)

  29,831     229,243

Gunns, Ltd.

  437,106     462,566

GWA International, Ltd.

  121,882     296,156

Hastie Group, Ltd.

  42,208     82,572

Healthscope, Ltd.

  112,474     473,754

Highlands Pacific, Ltd. (a)

  43,800     8,246

Hillgrove Resources, Ltd.

  42,437     10,995

Hills Industries, Ltd.

  34,454     58,148

Horizon Oil, Ltd.

  168,963     47,198

IBA Health Group, Ltd.

  336,692     247,641

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

Met/Dimensional International Small Company Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares   Value
   

Australia—(Continued)

   

Icon Energy, Ltd. (a)

  62,957   $ 29,581

iiNET, Ltd.

  26,220     47,693

Imdex, Ltd.

  3,486     2,215

IMF Australia, Ltd.

  20,681     30,705

Independence Group NL

  13,163     52,363

Indophil Resources NL (a)

  14,747     11,171

Industrea, Ltd.

  339,366     129,879

Infomedia, Ltd.

  27,603     9,367

Invocare, Ltd.

  52,080     280,410

IOOF Holdings, Ltd.

  107,724     482,584

Iress Market Technology, Ltd.

  51,660     386,153

Jabiru Metals, Ltd. (a)

  39,865     13,079

JB Hi-Fi, Ltd.

  61,610     1,076,504

Kagara, Ltd.

  14,017     11,869

Karoon Gas Australia, Ltd. (a)

  46,666     319,665

Kingsgate Consolidated, Ltd.

  9,237     66,066

Lend Lease Primelife, Ltd.

  342,039     88,512

Linc Energy, Ltd. (a) (b)

  119,994     177,885

MAC Services Group

  56,669     94,295

MacArthur Coal, Ltd.

  86,339     713,628

Macmahon Holdings, Ltd.

  344,513     206,888

Macquarie Media Group, Ltd.

  88,418     148,312

Magma Metals, Ltd. (a)

  16,157     9,869

Mantra Resources, Ltd. (a)

  7,198     29,194

McMillan Shakespeare, Ltd.

  4,491     15,835

McPherson’s Ltd.

  11,012     28,106

Medusa Mining, Ltd.

  9,263     26,540

Melbourne IT, Ltd.

  22,043     31,446

Mermaid Marine Australia, Ltd. (b)

  79,511     192,745

Metals X, Ltd. (a)

  122,921     14,521

Minara Resources, Ltd.

  10,667     8,981

Mineral Deposits, Ltd. (a)

  60,627     45,234

Mineral Resources, Ltd.

  53,299     284,961

Mirabela Nickel, Ltd. (a) (b)

  24,597     59,819

Mitchell Communications Group, Ltd.

  80,195     59,603

Molopo Australia, Ltd.

  26,373     29,561

Moly Mines, Ltd. (a)

  2,530     2,120

Monadelphous Group, Ltd.

  27,997     329,969

Mortgage Choice, Ltd.

  27,374     30,602

Mount Gibson Iron, Ltd.

  34,087     32,806

Murchison Metals, Ltd. (a)

  35,945     48,642

Navitas, Ltd.

  125,279     403,472

Neptune Marine Services, Ltd. (a)

  45,982     32,247

NIB Holdings, Ltd.

  45,045     48,000

Nido Petroleum, Ltd. (a)

  455,291     53,835

NRW Holdings, Ltd.

  33,701     48,084

Oakton, Ltd.

  32,057     91,888

Pacific Brands, Ltd.

  738,497     777,185

PanAust, Ltd. (a)

  832,126     355,631

Panoramic Resources, Ltd.

  17,411     37,888

PaperlinX, Ltd.

  340,846     202,010

Peet, Ltd.

  8,464     13,660

Perilya, Ltd. (b)

  50,216     20,343

Perpetual, Ltd. (b)

  13,103     449,173

Pharmaxis, Ltd. (a) (b)

  99,632     210,388

Photon Group, Ltd.

  47,875     78,717

Platinum Australia, Ltd. (a)

  28,187     21,848
Security Description   Shares   Value
   

Australia—(Continued)

   

PMP, Ltd.

  41,355   $ 24,135

Premier Investments, Ltd.

  17,955     137,172

Prime Media Group, Ltd.

  1,115     620

Programmed Maintenance Services, Ltd.

  11,974     47,327

Ramsay Health Care, Ltd.

  23,024     222,766

RCR Tomlinson, Ltd.

  10,719     11,453

Realestate.com.au, Ltd. (a)

  9,362     61,988

Reckon, Ltd.

  1,250     1,762

Redflex Holdings, Ltd.

  15,849     32,953

Redflex Holdings, Ltd. (Entitlement Issue) (a) (c)

  1,320     373

Regional Express Holdings, Ltd. (a)

  9,952     11,812

Resolute Mining, Ltd.

  63,526     34,927

Retail Food Group, Ltd.

  13,000     29,786

Reverse Corp., Ltd.

  4,030     2,003

RHG, Ltd. (a)

  70,192     40,476

Ridley Corp., Ltd.

  42,046     40,761

Roc Oil Co., Ltd. (a)

  64,541     34,230

S.A.I. Global, Ltd.

  60,794     177,343

Salmat, Ltd.

  36,428     128,312

Sedgman, Ltd.

  34,582     53,133

Seek, Ltd.

  85,562     414,011

Select Harvests, Ltd.

  1,697     7,169

Servcorp, Ltd.

  6,704     23,712

Seven Network, Ltd. (b)

  41,311     228,231

Sigma Pharmaceuticals, Ltd. (b)

  621,692     582,346

Silex Systems, Ltd. (a)

  34,936     214,650

Silver Lake Resources, Ltd. (a) (c)

  24,503     18,809

Sino Gold Mining, Ltd. (a)

  40,494     240,513

Sirtex Medical, Ltd. (a)

  3,310     14,140

SMS Management & Technology, Ltd.

  27,181     127,861

SP Telemedia, Ltd.

  110,030     120,720

Spark Infrastructure Group

  395,968     406,082

Sphere Investments, Ltd. (a)

  6,052     5,312

Spotless Group, Ltd.

  109,509     242,146

St. Barbara, Ltd. (a) (b)

  577,055     136,524

Straits Resources, Ltd.

  39,613     57,074

Strike Resources, Ltd. (a)

  13,614     10,732

STW Communications Group, Ltd.

  68,875     54,495

Sundance Resources, Ltd. (a)

  197,654     25,223

Sunland Group, Ltd. (b)

  93,411     67,627

Super Cheap Auto Group, Ltd.

  13,257     68,842

Swick Mining Services, Ltd. (a)

  12,874     6,382

Tap Oil, Ltd.

  38,500     35,784

Tassal Group, Ltd.

  59,549     91,313

Technology One, Ltd.

  31,491     22,488

Ten Network Holdings, Ltd. (b)

  186,334     237,369

Terramin Australia, Ltd. (a)

  30,130     21,369

TFS Corp., Ltd.

  28,228     23,732

Thakral Holdings Group (REIT)

  143,461     53,636

The Reject Shop, Ltd.

  11,148     131,463

Timbercorp, Ltd.

  175,921     6,828

Tower Australia Group, Ltd.

  153,063     380,570

Tox Free Solutions, Ltd. (a)

  3,740     7,902

Transfield Services Infrastructure Fund

  91,018     75,347

Transfield Services, Ltd.

  100,472     376,107

Troy Resources NL

  12,018     22,871

United Group, Ltd.

  50,664     661,558

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

Met/Dimensional International Small Company Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares   Value
   

Australia—(Continued)

   

United Minerals Corp. NL (a)

  6,636   $ 5,181

UXC, Ltd.

  42,310     33,817

Victoria Petroleum NL (a)

  28,892     9,527

Virgin Blue Holdings, Ltd. (b)

  131,987     49,774

Watpac, Ltd.

  9,827     14,573

WDS, Ltd. (c)

  47,109     94,158

West Australian Newspapers Holdings, Ltd. (b)

  32,379     214,684

Western Areas NL

  55,986     238,719

White Energy Co., Ltd. (a)

  24,864     61,116

Whitehaven Coal, Ltd.

  78,576     256,537

WHK Group, Ltd.

  45,615     43,431

Wide Bay Australia, Ltd.

  4,720     39,155

Wotif.com Holdings, Ltd.

  46,302     224,307
       
      33,364,673
       

Austria—1.2%

   

A-TEC Industries AG

  1,749     27,834

Agrana Beteiligungs AG

  1,493     150,136

Andritz AG

  17,975     896,505

bwin Interactive Entertainment AG (a)

  12,484     567,002

BWT AG

  1,528     38,359

Constantia Packaging AG

  834     43,011

EVN AG

  7,874     157,691

Flughafen Wien AG

  5,320     276,601

Intercell AG (a)

  15,606     662,458

Lenzing AG

  164     56,040

Mayr Melnhof Karton AG

  3,602     365,007

Oberbank AG

  164     10,413

Oesterreichische Post AG

  17,148     475,004

Palfinger AG

  5,413     140,308

RHI AG (a)

  10,313     295,048

Rosenbauer International AG

  555     25,153

Schoeller-Bleckmann Oilfield Equipment AG

  4,650     222,791

Wienerberger AG

  58,361     1,205,592

Wolford AG

  856     15,043

Zumtobel AG

  16,383     299,093
       
      5,929,089
       

Belgium—1.3%

   

Ackermans & van Haaren NV

  10,960     798,017

AGFA-Gevaert NV

  65,000     358,087

Banque Nationale de Belgique

  88     433,630

Barco NV

  601     26,235

Bekaert S.A.

  2,264     299,668

Compagnie d’Entreprises CFE

  3,390     188,460

Compagnie Immobiliere de Belgique S.A.

  1,022     28,801

Compagnie Maritime Belge S.A.

  2,195     67,613

D’ieteren S.A.

  770     287,077

Deceuninck NV

  4,353     11,190

Devgen (a)

  1,589     19,767

Econocom Group

  3,742     50,738

Elia System Operator S.A.

  2,933     118,529

Euronav NV

  11,341     244,469

EVS Broadcast Equipment S.A.

  4,586     343,400

Exmar NV

  2,923     43,407

Hamon & CIE S.A.

  120     5,178
Security Description   Shares   Value
   

Belgium—(Continued)

   

International Brachytherapy (a)

  1,082   $ 6,051

IRIS

  560     37,744

Kinepolis

  1,629     68,703

Melexis NV

  5,734     58,599

Nyrstar (b)

  9,933     120,576

Omega Pharma S.A.

  8,374     372,498

Option NV

  4,895     13,908

RealDolmen Str VV

  7,042     1,638

RealDolmen Str VV (Post Reverse Split Shares)

  667     14,879

Recticel S.A.

  4,073     33,401

Sipef S.A.

  1,740     87,989

Telenet Group Holding NV (a)

  19,458     515,415

Tessenderlo Chemie NV

  3,713     143,092

ThromboGenics NV (a)

  1,006     22,472

Umicore S.A.

  39,642     1,188,544

Van de Velde

  2,138     92,887
       
      6,102,662
       

Bermuda—1.5%

   

ABC Communications Holdings, Ltd. (HKD) (a)

  16,000     5,537

Alco Holdings, Ltd. (HKD)

  18,000     5,763

Apac Resources, Ltd. (HKD) (a)

  640,000     46,019

Asia Satellite Telecommunications Holdings, Ltd. (HKD)

  5,000     7,673

Beijing Enterprises Water Group, Ltd. (HKD) (a)

  398,000     81,072

BW Offshore, Ltd. (NOK) (a)

  37,000     42,430

C C Land Holdings, Ltd. (HKD)

  370,000     197,801

Catlin Group, Ltd. (GBP)

  300,031     1,687,105

Century City International (HKD)

  132,000     7,324

Champion Technology Holdings, Ltd. (HKD)

  172,000     6,056

Chen Hsong Holdings (HKD)

  16,000     4,949

Chevalier International Holdings, Ltd. (HKD)

  26,000     18,355

China Public Procurement, Ltd. (HKD) (a)

  28,000     3,053

China Solar Energy Holdings, Ltd. (HKD) (a)

  270,000     3,122

China WindPower Group, Ltd. (HKD) (a)

  1,800,000     156,664

Chinese People Holdings Co, Ltd. (HKD) (a)

  168,000     5,380

Chow Sang Sang Holding (HKD)

  108,000     92,526

Chung Tai Printing Holdings, Ltd. (HKD)

  580,000     14,845

Dickson Concepts International, Ltd. (HKD)

  48,500     23,825

Dockwise, Ltd. (NOK) (a)

  7,000     9,403

Fong’s Industries Co., Ltd. (HKD)

  2,000     490

Giordano International, Ltd. (HKD)

  798,000     198,686

Glorious Sun Enterprises, Ltd. (HKD)

  134,000     41,692

Golden Ocean Group, Ltd. (NOK)

  14,000     17,950

Golden Resorts Group, Ltd. (HKD)

  916,000     32,242

Great Eagle Holdings, Ltd. (HKD)

  125,602     311,630

Hi Sun Technology China, Ltd. (HKD) (a)

  276,000     71,072

Hiscox, Ltd. (GBP)

  285,011     1,571,177

Hongkong Chinese, Ltd. (HKD)

  204,000     16,756

Huscoke Resources Holdings, Ltd. (HKD) (a)

  50,000     3,194

Hutchison Harbour Ring, Ltd. (HKD)

  980,000     71,995

Integrated Distribution Services Group (HKD)

  55,000     77,772

IT, Ltd. (HKD)

  46,000     4,620

Johnson Electric Holdings, Ltd. (HKD)

  440,000     183,337

K Wah International Holdings, Ltd. (HKD)

  471,000     153,153

Luk Fook Holdings International, Ltd. (HKD)

  82,000     41,545

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

Met/Dimensional International Small Company Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares   Value
   

Bermuda—(Continued)

   

Luks Group Vietnam Holdings Co., Ltd. (HKD)

  8,000   $ 4,087

Midland Holdings, Ltd. (HKD)

  306,000     254,774

New Times Energy Corp., Ltd. (HKD) (a)

  118,000     4,986

Pacific Andes International Holdings, Ltd. (HKD)

  456,000     75,369

Pacific Basin Shipping, Ltd. (HKD)

  626,000     409,656

Pacific Century Premium Development, Ltd. (HKD)

  261,000     69,444

Public Financial Holdings, Ltd. (HKD)

  166,000     79,684

PYI Corp., Ltd. (HKD)

  586,000     25,853

Regal Hotels International Holdings, Ltd. (HKD)

  230,000     80,449

Road King Infrastructure (HKD)

  151,000     114,748

SmarTone Telecommunications Holding, Ltd. (HKD)

  134,500     105,234

Star Cruises, Ltd. (HKD) (a)

  196,229     47,689

TAI Cheung Holdings (HKD)

  250,000     129,307

Tai Fook Securities Group, Ltd. (HKD)

  16,000     5,933

Tak Sing Alliance Holdings, Ltd. (HKD)

  126,000     18,933

Texwinca Holdings, Ltd. (HKD)

  276,000     217,448

Transport International Holdings, Ltd. (HKD)

  55,600     159,030

Tysan Holdings, Ltd. (HKD)

  26,000     3,645

United Power Investment, Ltd. (HKD) (a)

  112,000     4,035

USI Holdings, Ltd. (HKD)

  88,000     22,712

Varitronix International, Ltd. (HKD)

  14,000     4,236

Victory City International Holdings (HKD)

  145,000     21,499

VODone, Ltd. (HKD) (a)

  34,000     7,102

Wah Nam International Holdings, Ltd. (HKD) (a)

  216,000     32,589

Wonson International Holdings, Ltd. (HKD) (a)

  160,800     7,439

Yugang International, Ltd. (HKD)

  466,000     5,625
       
      7,127,719
       

Canada—9.1%

   

Aastra Technologies, Ltd. (a) (b)

  1,800     39,537

Absolute Software Corp. (a) (b)

  19,254     102,362

Aecon Group, Inc.

  26,300     288,720

AG Growth International, Inc.

  300     9,477

AGF Management, Ltd.

  48,987     783,591

Akita Drilling, Ltd.

  2,003     15,674

Alamos Gold, Inc. (a)

  15,400     135,306

Alexco Resources Corp. (a)

  700     1,808

Alexis Minerals Corp. (a)

  18,500     7,592

Altius Minerals Corp. (a)

  7,200     39,890

Anatolia Minerals Development, Ltd. (a)

  200     455

Anderson Energy, Ltd. (a)

  13,693     12,388

Andrew Peller, Ltd.

  300     2,238

Angiotech Pharmaceuticals, Inc. (a)

  14,900     25,988

Anvil Mining, Ltd. (b)

  18,700     48,836

Aquiline Resources, Inc. (a) (b)

  13,800     56,634

Astral Media, Inc.

  17,169     530,051

Atrium Innovations, Inc.

  14,000     191,951

ATS Automation Tooling Systems, Inc. (a)

  23,800     127,641

Augusta Resource Corp. (a)

  30,800     76,415

Aura Minerals, Inc. (a)

  12,000     31,339

Aurizon Mines, Ltd.

  47,500     208,226

Axia NetMedia Corp. (a)

  16,400     24,015

Ballard Power Systems, Inc.

  46,549     125,908

Bankers Petroleum, Ltd. (a)

  96,200     424,405

Bioms Medical Corp. (a)

  11,443     3,522

Biovail Corp. (b)

  50,700     781,200
Security Description   Shares   Value
   

Canada—(Continued)

   

Birchcliff Energy, Ltd.

  49,000   $ 377,046

BMTC Group, Inc.

  1,000     19,587

Boralex, Inc. (a)

  7,815     65,602

Breaker Energy, Ltd. (a)

  8,464     41,919

CAE, Inc.

  25,600     216,089

Calfrac Well Services, Ltd.

  10,400     184,303

Calian Technologies, Ltd.

  1,200     19,811

Calvalley Petroleums, Inc. (a)

  17,253     40,230

Canaccord Capital, Inc. (a)

  27,230     259,055

Canada Bread Co., Ltd.

  139     5,581

Canadian Hydro Developers, Inc. (a)

  71,200     342,004

Canadian Western Bank

  28,700     531,358

Canam Group, Inc. (b)

  12,798     83,677

Canfor Corp. (a)

  44,000     249,517

Cangene Corp. (a)

  12,069     47,729

Capstone Mining Corp. (a)

  33,500     91,862

Cardiome Pharma Corp. (a)

  28,600     124,307

Cascades, Inc.

  13,500     98,843

Catalyst Paper Corp. (a)

  2,500     618

CCL Industries (b)

  5,960     123,408

CE Franklin, Ltd. (a)

  1,700     11,702

Celestica, Inc.

  85,800     816,266

Celtic Exploration, Ltd. (b)

  12,900     229,809

Chariot Resources, Ltd. (a)

  8,500     2,378

CIC Energy Corp. (a)

  800     1,418

Clairvest Group, Inc.

  200     2,257

Claude Resources, Inc. (a)

  18,500     13,804

Cogeco Cable, Inc. (b)

  6,300     178,162

COM DEV International, Ltd. (a)

  24,331     63,315

Comaplex Minerals Corp.

  3,200     14,655

Compton Petroleum Corp. (a) (b)

  54,500     70,657

Computer Modelling Group, Ltd.

  5,000     72,938

Connacher Oil & Gas, Ltd. (a) (b)

  126,000     129,273

Consolidated Thompson Iron Mines, Ltd. (a)

  15,600     79,881

Constellation Software, Inc.

  313     10,507

Corby Distilleries, Ltd.

  641     9,357

Corridor Resources, Inc. (a)

  31,992     97,574

Corus Entertainment, Inc. (a)

  38,600     655,964

Cott Corp. (a) (b)

  27,052     197,815

Crew Energy, Inc. (b)

  37,600     303,353

Crystallex International Corp.

  2,000     513

Dalsa Corp.

  4,390     31,610

Delphi Energy Corp.

  1,100     1,447

Denison Mines Corp. (a)

  107,800     200,086

Detour Gold Corp. (a)

  2,900     35,927

Dorel Industries, Inc.

  14,400     395,139

Dundee Precious Metals, Inc.

  1,500     4,799

DundeeWealth, Inc.

  2,300     26,043

Eastern Platinum, Ltd. (a)

  117,500     63,564

Eastmain Resources, Inc. (a)

  200     259

easyhome, Ltd.

  2,000     17,190

ECU Silver Mining, Inc. (a)

  4,500     2,308

EGI Financial Holdings, Inc.

  900     7,765

Endeavour Silver Corp.

  8,100     22,665

Enghouse Systems, Ltd.

  1,309     8,412

Ensign Energy Services, Inc. (b)

  31,296     474,045

Entree Gold, Inc.

  12,200     34,706

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

Met/Dimensional International Small Company Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares   Value
   

Canada—(Continued)

   

Equinox Minerals, Ltd. (a) (b)

  154,700   $ 499,242

Equitable Group, Inc.

  5,801     119,521

Etruscan Resources, Inc.

  3,000     1,315

European Goldfields, Ltd. (a) (b)

  29,600     137,488

Evertz Technologies, Ltd.

  9,079     120,754

Exco Technologies, Ltd.

  4,100     6,979

Exfo Electro Optical Engineering, Inc. (a)

  2,893     10,173

Fairborne Energy, Ltd. (b)

  29,900     125,774

Farallon Mining, Ltd. (a)

  28,500     11,430

First Uranium Corp. (a)

  26,500     70,937

FirstService Corp. (a)

  10,500     202,234

Flint Energy Services, Ltd. (a)

  21,500     250,665

FNX Mining Co., Inc. (a)

  19,500     170,601

Fronteer Development Group, Inc.

  35,040     150,991

Galleon Energy, Inc.

  41,400     242,110

Gammon Gold, Inc. (a)

  27,400     234,094

Gennum Corp.

  5,450     22,163

Gildan Activewear, Inc. (a) (b)

  29,700     586,160

Glacier Media, Inc. (a)

  9,600     17,013

Glentel, Inc.

  3,165     43,040

Gluskin Sheff & Associates, Inc.

  3,985     74,337

GMP Capital, Inc.

  4,800     60,887

Golden Star Resources, Ltd.

  51,900     176,687

Grande Cache Coal Corp. (a)

  38,400     142,189

Great Basin Gold, Ltd. (a)

  96,700     147,916

Great Canadian Gaming Corp. (a)

  30,400     230,804

Greystar Resources, Ltd.

  9,000     27,869

Groupe Aeroplan, Inc. (b)

  71,334     658,683

Guyana Goldfields, Inc. (a)

  800     3,164

Hanfeng Evergreen, Inc. (a)

  16,400     92,696

Hanwei Energy Services Corp. (a)

  9,200     9,010

Harry Winston Diamond Corp.

  26,500     223,686

Heroux-Devtek, Inc. (a)

  15,800     76,631

Highpine Oil & Gas, Ltd. (a)

  29,600     196,846

Home Capital Group, Inc.

  15,600     556,545

HudBay Minerals, Inc. (a)

  115,200     1,386,075

IESI-BFC, Ltd.

  17,300     223,965

Imax Corp. (a)

  9,790     92,408

Industrial Alliance Insurance and Financial Services, Inc.

  22,760     622,204

Inmet Mining Corp.

  28,900     1,616,233

Intermap Technologies Corp. (a)

  10,468     25,873

International Forest Products, Ltd.

  5,500     16,056

International Royalty Corp.

  2,000     8,059

Iteration Energy, Ltd. (a) (b)

  84,100     94,129

Ivanhoe Energy, Inc. (a)

  47,689     109,865

Jinshan Gold Mines, Inc. (a)

  26,500     35,098

KAB Distribution, Inc. (a)

  3,622     18

Kingsway Financial Services, Inc.

  25,700     109,545

Kirkland Lake Gold, Inc.

  5,500     47,195

Lake Shore Gold Corp. (a) (b)

  24,500     65,583

Laramide Resources (a)

  8,500     10,069

Laurentian Bank of Canada

  12,100     433,034

Le Chateau, Inc.

  3,102     35,876

Leon’s Furniture, Ltd.

  10,266     99,103

Linamar Corp.

  30,800     409,364

Logibec Groupe Informatique, Ltd. (a)

  3,700     62,118
Security Description   Shares   Value
   

Canada—(Continued)

   

Lundin Mining Corp. (a)

  160,556   $ 540,603

MacDonald Dettwiler & Associates, Ltd. (a) (b)

  16,500     483,850

Major Drilling Group International

  12,900     261,694

Manitoba Telecom Services, Inc.

  3,300     102,557

Maple Leaf Foods, Inc.

  33,500     296,833

Marsulex, Inc.

  600     5,613

Martinrea International, Inc. (a)

  19,700     132,479

Maxim Power Corp. (a)

  2,800     8,383

MDC Partners, Inc.

  1,800     13,431

MDS, Inc.

  51,900     424,533

Mega Uranium, Ltd. (a)

  92,800     100,404

Methanex Corp.

  62,400     1,085,445

Migao Corp. (a) (b)

  13,400     84,863

Miranda Technologies, Inc. (a)

  9,673     54,944

Mosaid Technologies, Inc.

  3,690     62,157

Neo Material Technologies, Inc. (a)

  50,900     181,828

Norbord, Inc.

  57,800     95,421

North American Palladium, Ltd. (b)

  14,300     39,746

Northgate Minerals Corp.

  56,300     151,758

Novagold Resources, Inc. (a)

  8,500     43,604

NuVista Energy, Ltd. (a)

  37,100     432,196

Open Text Corp. (a)

  18,600     695,841

OPTI Canada, Inc. (b)

  49,200     98,662

Osisko Mining Corp. (a)

  65,972     489,798

Pacific Northern Gas, Ltd.

  100     1,753

Paladin Labs, Inc. (a)

  1,098     17,942

PAN American Silver Corp. (a)

  28,000     641,925

Paramount Resources, Ltd.

  16,000     215,492

Parkbridge Lifestyles Communities, Inc. (a)

  6,127     22,516

Pason Systems, Inc.

  21,400     248,501

Petrolifera Petroleum, Ltd. (a)

  13,385     13,483

Platinum Group Metals, Ltd.

  8,100     10,199

Plutonic Power Corp. (a)

  1,400     4,622

Points International, Ltd.

  2,000     653

PolyMet Mining Corp. (a)

  4,900     12,888

Progress Energy Resources Corp.

  48,900     630,320

Pulse Data, Inc.

  7,964     9,656

QLT, Inc. (a)

  26,200     96,526

Quadra Mining, Ltd.

  20,400     276,846

Quebecor, Inc.

  21,600     492,580

Queenston Mining, Inc.

  6,256     35,535

Quest Capital Corp.

  36,768     39,095

Questerre Energy Corp. (a)

  63,900     146,616

Reitmans Canada, Ltd.

  24,600     361,836

Resverlogix Corp. (a)

  4,700     14,466

Richelieu Hardware, Ltd.

  2,500     45,423

Richmont Mines, Inc. (a)

  2,800     8,226

RONA, Inc. (a)

  38,487     538,455

Rubicon Minerals Corp.

  20,900     86,356

Russel Metals, Inc.

  21,500     342,107

Samuel Manu-Tech, Inc.

  100     471

Sandvine Corp.

  85,000     103,064

Savanna Energy Services Corp. (b)

  35,500     221,844

Sceptre Investment Counsel, Ltd.

  1,403     7,263

SEMAFO, Inc. (a)

  49,382     130,807

ShawCor, Ltd.

  15,475     417,997

Sherritt International Corp.

  213,000     1,521,783

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

Met/Dimensional International Small Company Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares   Value
   

Canada—(Continued)

   

Shore Gold, Inc.

  28,000   $ 29,250

Sierra Wireless, Inc. (a)

  14,900     148,562

Silver Standard Resources, Inc. (a) (b)

  32,200     693,164

Silvercorp Metals, Inc. (b)

  66,200     314,900

Stantec, Inc. (a)

  21,300     532,425

Stella-Jones, Inc.

  1,900     38,455

Storm Exploration, Inc. (a)

  8,054     110,802

SunOpta, Inc. (a)

  24,071     97,887

Superior Plus Corp.

  15,700     171,475

SXC Health Solutions Corp. (a)

  8,632     403,361

Tanzanian Royalty Exploration Corp. (b)

  19,500     55,473

Taseko Mines, Ltd.

  37,700     99,863

The Cash Store Financial Services, Inc.

  2,405     19,740

The Churchill Corp. (a)

  7,000     115,954

The Descartes Systems Group, Inc. (a)

  19,100     105,107

The Forzani Group, Ltd.

  11,600     146,062

The Jean Coutu Group PJC, Inc.

  3,600     32,033

Theratechnologies, Inc. (a)

  18,794     45,401

Thompson Creek Metals Co., Inc. (a) (b)

  82,900     999,764

Toromont Industries, Ltd.

  14,100     302,476

Torstar Corp.

  21,500     136,361

Transcontinental, Inc.

  34,600     397,586

Transglobe Energy Corp. (a)

  18,755     66,648

Transition Therapeutics, Inc.

  800     6,417

Trican Well Service, Ltd. (b)

  26,900     348,748

Trinidad Drilling, Ltd.

  41,100     258,756

TriStar Oil & Gas, Ltd. (a) (b)

  52,300     763,415

Uex Corp. (a) (b)

  80,900     88,283

Uni-Select, Inc.

  1,524     37,668

Uranium One, Inc. (a) (b)

  237,600     569,540

Vecima Networks, Inc. (a)

  2,500     13,408

Vector Aerospace Corp.

  1,295     7,670

Verenex Energy, Inc. (a) (b)

  10,029     59,866

Vero Energy, Inc. (a)

  12,500     47,335

Virginia Mines, Inc. (a)

  2,335     10,911

Viterra, Inc. (a)

  34,999     341,162

Webtech Wireless, Inc.

  1,800     2,216

Wesdome Gold Mines, Ltd.

  10,400     19,885

West Energy, Ltd. (a)

  21,947     53,017

West Fraser Timber Co., Ltd. (b)

  13,000     330,411

Western Financial Group, Inc.

  13,359     28,160

Westport Innovations, Inc. (a)

  13,195     167,376

Wi-Lan, Inc.

  38,724     75,848

Winpak, Ltd.

  5,340     44,328

Xtreme Coil Drilling Corp. (a)

  5,600     29,250

ZCLComposites, Inc.

  6,881     24,773
       
      43,502,863
       

Cayman Islands—0.6%

   

AAC Acoustic Technologies Holdings, Inc. (HKD)

  162,000     176,866

China Infrastructure Investment, Ltd. (HKD) (a)

  160,000     4,835

China Metal International Holdings, Inc. (HKD)

  258,000     52,358

China Timber Resources Group, Ltd. (HKD)

  200,000     3,385

China Ting Group Holdings, Ltd. (HKD)

  54,000     7,948

CNNC International, Ltd. (HKD) (a)

  40,000     45,082

Daphne International Holdings, Ltd. (HKD)

  396,000     285,846
Security Description   Shares   Value
   

Cayman Islands—(Continued)

   

Eagle Nice International Holdings, Ltd. (HKD)

  16,000   $ 4,462

Far East Consortium (HKD)

  439,000     120,986

Global Green Tech Group, Ltd. (HKD)

  98,000     4,080

Heng Tai Consumables Group, Ltd. (HKD) (a)

  110,000     6,624

HKR International, Ltd. (HKD)

  348,800     137,770

Hutchison Tellecommunications International, Ltd. (HKD) (a)

  547,000     113,356

Kantone Holdings, Ltd. (HKD)

  180,000     4,567

Lee & Man Paper Manufacturing, Ltd. (HKD)

  389,600     686,716

Luen Thai Holdings, Ltd. (HKD)

  43,000     3,875

Neo-Neon Holdings, Ltd. (HKD)

  21,000     9,157

Norstar Founders Group, Ltd. (HKD)

  120,000     11,303

Pacific Textile Holdings, Ltd. (HKD)

  63,000     22,067

Polytec Asset Holdings, Ltd. (HKD)

  245,000     44,038

Sa Sa International Holdings, Ltd. (HKD)

  260,000     113,131

Samson Holding, Ltd. (HKD)

  414,000     85,379

Solomon Systech International, Ltd. (HKD)

  120,000     11,537

Stella International Holdings, Ltd. (HKD)

  70,000     117,244

Subsea 7, Inc. (NOK) (a)

  14,200     191,110

Superb Summit International Timber Co., Ltd. (HKD)

  3,800,000     17,573

TCC International Holdings, Ltd. (HKD)

  124,000     55,878

The Ming An Holdings Co., Ltd. (HKD)

  312,000     80,143

The United Laboratories, Ltd. (HKD)

  58,000     22,058

Truly International Holdings (HKD)

  84,000     90,018

Value Partners Group, Ltd. (HKD)

  91,000     38,012

Vedan International Holdings, Ltd. (HKD)

  52,000     4,410

Xinyi Glass Holdings Co., Ltd. (HKD)

  354,000     247,125
       
      2,818,939
       

Cyprus—0.1%

   

Prosafe Production Public, Ltd. (NOK) (a)

  120,500     286,672

ProSafe SE (NOK)

  54,300     279,423

Songa Offshore SE (NOK) (a)

  3,500     16,715
       
      582,810
       

Denmark—1.0%

   

ALK-Abello A/S

  1,932     180,688

Alm Brand A/S (a)

  4,837     114,845

Amagerbanken A/S

  8,900     102,617

Ambu A/S

  102     2,205

Auriga Industries

  10,326     190,833

Bang & Olufsen A/S (b)

  16,200     209,139

Bavarian Nordic A/S (a)

  2,907     132,950

BoConcept Holding A/S

  228     6,081

Capinordic A/S (a)

  51,241     25,566

D/S Norden

  2,391     90,611

Dalhoff, Larsen & Horneman A/S

  4,113     27,886

East Asiatic Co., Ltd. A/S

  3,471     125,392

Fionia Bank A/S

  6,891     43,329

GN Store Nord

  150,500     822,349

Harboes Bryggeri A/S

  1,454     36,283

IC Companys A/S

  5,141     137,849

NeuroSearch A/S

  5,847     171,895

NKT Holding A/S

  7,497     439,285

Parken Sport & Entertainment A/S

  419     40,424

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

Met/Dimensional International Small Company Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares   Value
   

Denmark—(Continued)

   

PER Aarsleff A/S

  822   $ 93,577

Ringkjoebing Landbobank A/S

  1,165     148,812

Rockwool International A/S

  572     51,371

Royal UNIBREW A/S

  507     17,544

Satair A/S

  933     32,996

Schouw & Co.

  7,163     146,729

SimCorp A/S

  2,760     567,573

Sjaelso Gruppen

  4,872     15,641

Solar Holdings A/S

  1,841     100,795

Spar Nord Bank A/S

  6,592     83,190

Sydbank A/S

  19,877     522,652

Thrane & Thrane A/S

  1,621     44,343

TK Development (a)

  13,748     71,909

TopoTarget A/S

  49,340     31,611

Torm A/S

  8,219     82,818

Vestjysk Bank A/S

  3,112     66,118
       
      4,977,906
       

Finland—3.1%

   

Ahlstrom Oyj

  422     5,711

Alma Media

  25,883     275,724

Amer Sports Oyj (b)

  28,334     246,160

Aspo Oyj

  6,855     59,984

Atria, Plc.

  4,955     86,347

BasWare Oyj

  2,480     38,895

Cargotec Corp.

  1,756     41,354

Comptel, Plc.

  40,187     47,609

Cramo Oyj

  1,511     23,825

Elektrobit Corp.

  43,163     47,392

Elisa Oyj

  90,602     1,859,958

F-Secure Oyj

  42,089     179,600

Finnair Oyj

  2,048     12,431

Finnlines Oyj

  9,624     111,364

Fiskars Oyj

  14,230     221,694

HKScan Oyj

  11,438     156,174

Huhtamaki Oyj

  20,463     260,559

Ilkka Yhtyma Oyj (Subscription Shares) (a)

  1,158     10,452

Ilkka-Yhtyma Oyj

  1,544     13,964

Kemira Oyj

  7,281     116,408

Kesko Oyj

  24,322     816,474

Konecranes Oyj

  5,660     161,607

Lassila & Tikanoja Oyj

  2,660     63,888

Lemminkainen Oyj

  2,897     112,574

Metso Oyj

  22,176     625,585

Nokian Renkaat Oyj (b)

  19,256     449,330

Olvi Oyj

  3,420     111,784

Oriola-KD Oyj

  43,612     265,575

Orion Oyj (Series A)

  16,237     302,113

Orion Oyj (Series B)

  38,614     713,918

Outokumpu Oyj

  47,561     893,353

Outotec Oyj (b)

  5,661     180,506

PKC Group Oyj

  12,102     90,709

Pohjola Bank, Plc.

  86,695     990,165

Poyry Oyj

  18,838     341,867

Raisio, Plc.

  52,300     191,057

Ramirent Oyj

  63,927     714,452
Security Description   Shares   Value
   

Finland—(Continued)

   

Rapala VMC Oyj

  7,700   $ 51,690

Rautaruukki Oyj

  13,534     324,385

Ruukki Group Oyj

  134,022     376,780

Sanoma Oyj (b)

  32,893     726,920

Scanfil Oyj

  10,528     40,818

Stockmann Oyj Abp

  4,963     130,917

Talentum Oyj

  17,316     48,135

Tecnomen Oyj (a)

  33,483     49,058

Tietoenator Oyj

  45,067     898,153

Uponor Oyj

  27,006     449,445

Vacon, Plc.

  131     4,889

Vaisala Oyj

  3,399     123,746

Wartsila Oyj

  1,644     65,986

YIT Oyj

  28,189     535,890
       
      14,667,374
       

France—5.0%

   

Alten, Ltd. (a)

  8,682     233,673

Altran Technologies S.A. (a)

  53,165     295,614

April Group

  5,915     249,356

Assystem

  9,046     110,411

Atos Origin S.A.

  29,838     1,507,910

Audika

  2,239     69,780

Beneteau S.A.

  21,876     377,899

BioMerieux

  134     14,732

Boiron S.A.

  3,639     133,157

Bonduelle S.C.A.

  1,643     168,888

Bongrain S.A.

  1,234     95,289

Bourbon S.A.

  17,435     804,126

Bull S.A. (a)

  38,888     189,710

Canal Plus

  27,664     225,657

Carbone Lorraine (b)

  5,881     217,294

Cegedim S.A.

  575     53,895

Cegid Group

  1,784     41,957

Cie Generale de Geophysique-Veritas (a)

  38,841     908,737

Ciments Francais S.A.

  2,486     279,001

Club Mediterranee (a)

  9,320     220,172

Delachaux S.A.

  1,552     118,358

Derichebourg

  37,828     211,045

EDF Energies Nouvelles S.A. (b)

  9,918     548,565

Electricite de Strasbourg

  88     14,940

Entrepose Contracting

  219     18,818

Etablissements Maurel et Prom

  58,352     1,179,345

Euler Hermes S.A.

  9,804     841,181

Euro Disney S.C.A. (a)

  12,177     111,371

Exel Industries

  601     25,942

Fimalac

  4,975     262,207

Fleury Michon S.A.

  141     6,962

GFI Informatique

  21,618     119,894

GIFI

  328     20,820

GL Events

  3,491     80,661

Groupe Eurotunnel S.A.

  80,399     822,930

Groupe Steria S.C.A.

  17,405     618,930

Guerbet

  570     89,973

Guyenne et Gascogne S.A.

  1,147     116,617

Havas S.A.

  16,459     70,026

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

Met/Dimensional International Small Company Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares   Value
   

France—(Continued)

   

Infogrames Entertainment S.A. (a)

  6,728   $ 103,243

Ingenico (b)

  14,356     399,376

Inter Parfums S.A.

  280     7,865

IPSOS

  10,750     333,676

Kaufman & Broad S.A.

  2,689     86,773

Korian

  1,998     55,455

Laurent-Perrier

  1,269     103,843

Lectra

  6,736     23,943

LISI

  2,049     112,088

LVL Medical Groupe S.A. (a)

  3,308     72,634

M6-Metropole Television

  19,537     514,016

Manitou BF S.A.

  5,232     85,379

Manutan International

  64     3,708

Marseill Tunnel Prado-Carena

  219     8,369

Meetic (a)

  5,080     169,976

Naturex

  298     12,862

Neopost S.A.

  9,432     846,527

Nexans S.A.

  6,440     520,801

Norbert Dentressangle

  1,639     105,734

NRJ Groupe

  14,208     134,089

Orpea (a)

  8,307     383,546

PagesJaunes Groupe

  8,240     106,870

Pierre & Vacances

  2,151     185,189

Rallye S.A. (b)

  10,003     356,331

Recylex S.A. (a)

  9,886     132,259

Remy Cointreau S.A.

  3,293     137,848

Rexel S.A.

  52,688     758,829

Rhodia S.A.

  12,820     195,314

Robertet S.A.

  14     1,685

Rubis

  3,804     347,545

S.O.I.T.E.C. (a) (b)

  51,917     727,793

Saft Groupe S.A. (a)

  8,605     480,162

Samse S.A.

  24     2,098

SEB S.A.

  17,139     910,707

Sechilienne-Sidec

  7,641     325,455

SeLoger.com (a)

  7,313     293,675

Société BIC S.A.

  8,611     612,443

Somfy S.A.

  75     16,084

Sopra Group S.A.

  2,210     145,928

Stallergenes

  3,301     288,771

STEF-TFE

  599     34,786

Sucriere de Pithiviers-Le-Vieil

  2     1,835

Synergie S.A.

  400     10,619

Teleperformance

  23,774     798,006

UBISOFT Entertainment

  14,584     276,945

Union Financiere de France BQE S.A.

  1,243     47,277

Valeo S.A. (b)

  4,724     124,742

Viel et Compagnie

  2,379     12,432

Vilmorin & Cie (b)

  1,904     215,689

Virbac S.A.

  1,074     110,082

VM Materiaux S.A.

  181     11,597

Zodiac S.A. (b)

  18,577     737,246
       
      23,965,988
       

Germany—5.4%

   

Aareal Bank AG

  1,506     36,106

Aixtron AG

  45,746     1,246,397
Security Description   Shares   Value
   

Germany—(Continued)

   

Augusta Technologie AG

  3,157   $ 44,248

Bauer AG

  4,376     183,707

Bechtle AG

  5,404     136,576

Bertrandt AG

  2,364     61,359

Bilfinger Berger AG

  17,901     1,240,586

Biotest AG

  1,525     96,769

Borussia Dortmund GmbH & Co. KGaA (a)

  20,822     28,613

Carl Zeiss Meditec AG

  16,046     261,008

CENTROTEC Sustainable AG (a)

  1,227     15,705

Cewe Color Holding AG

  2,667     92,742

Comdirect Bank AG

  15,966     155,503

CropEnergies AG (a)

  2,615     10,603

CTS Eventim AG

  4,715     213,406

Curanum AG

  13,816     72,228

DAB Bank AG

  8,986     48,887

Demag Cranes AG

  758     27,220

Deutsche Wohnen AG (b)

  11,706     115,310

Douglas Holding AG

  17,687     809,461

Drillisch AG

  21,043     124,308

Duerr AG

  3,254     61,385

Duetz AG (a)

  22,978     116,968

Elexis AG

  1,232     15,043

ElringKlinger AG

  14,732     303,042

Evotec AG (a)

  61,225     149,550

Fielmann AG

  5,744     417,536

Freenet AG

  46,549     635,964

Fuchs Petrolub AG

  1,119     72,690

GEA Group AG

  51,999     1,084,607

Gerresheimer AG

  14,605     458,813

Gerry Weber International AG

  5,762     191,003

Gesco AG

  257     14,852

GFK AG

  7,350     254,943

Grammer AG

  1,044     10,262

Grenkeleasing AG

  2,244     88,683

Hamburger Hafen und Logistik AG

  1,811     81,566

Hawesko Holding AG

  570     15,813

Heidelberger Druckmaschinen AG

  16,242     168,387

Indus Holding AG

  5,328     90,628

Interseroh SE

  398     27,692

IVG Immobilen AG

  35,762     391,327

Jenoptik AG (a)

  17,633     94,162

Kizoo AG

  3,469     30,859

Kloeckner & Co. SE

  20,750     475,227

Kontron AG

  23,077     282,937

Krones AG (b)

  7,664     407,239

KUKA AG (b)

  1,072     16,247

KWS Saat AG

  1,133     197,059

Leoni AG

  11,590     263,896

Loewe AG

  2,442     38,049

Manz Automation AG (a)

  1,003     79,474

Medigene AG (a)

  13,692     104,172

Medion AG

  19,429     208,302

MLP AG

  27,190     315,442

Morphosys AG (a)

  8,735     218,780

MTU Aero Engines Holding AG (a)

  22,938     1,086,050

MVV Energie AG

  1,372     61,876

Norddeutsche Affinerie AG

  686     28,590

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

Met/Dimensional International Small Company Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares   Value
   

Germany—(Continued)

   

Nordex AG

  9,267   $ 161,621

Pfeiffer Vacuum Technology AG

  733     60,124

Pfleiderer AG (a)

  14,776     178,162

Plambeck Neue Energien AG

  16,515     52,671

Praktiker Bau- und Heimwerkermaerkte AG

  22,632     312,202

Premiere AG (a)

  53,303     284,398

QSC AG (a)

  47,186     125,679

R Stahl AG

  196     5,014

Rational AG

  1,474     206,614

REpower Systems AG

  526     83,020

Rheinmetall AG

  15,260     904,158

Rhoen Klinikum AG (a)

  36,368     926,132

Roth & Rau AG (a)

  639     24,340

SGL Carbon AG (a)

  29,327     1,199,392

Singulus Technologies (b)

  16,486     59,087

Sixt AG

  3,308     100,313

Software AG

  9,255     784,877

Solar Millennium AG (a)

  7,256     250,590

Solarworld AG (b)

  15,574     378,310

Solon SE

  1,677     22,571

Stada Arzneimittel AG

  26,958     736,664

Stratec Biomedical Systems

  3,381     105,398

Suedzucker AG

  21,707     440,282

Symrise AG

  59,811     1,139,696

Takkt AG

  4,447     56,061

Telegate AG

  1,956     24,774

Tognum AG

  33,723     576,586

United Internet AG (b)

  77,509     1,170,410

Versatel AG (a)

  2,108     20,629

Vossloh AG

  4,207     476,923

Wacker Construction Equipment AG

  10,000     121,924

Washtec AG (a)

  1,665     17,719

Wincor Nixdorf AG

  14,279     918,889

Wirecard AG

  23,796     283,725
       
      25,788,812
       

Greece—1.7%

   

Aegean Airlines S.A.

  598     3,843

Agricultural Bank of Greece

  143,570     327,771

Alapis Holding Industrial & Commercial S.A.

  417,691     369,203

Anek Lines S.A.

  58,063     74,665

Bank of Attica

  17,775     57,682

Bank of Greece

  6,909     493,075

Diagnostic & Therapeutic Center of Athens Hygeia S.A.

  43,996     147,474

Ellaktor S.A.

  85,036     744,672

Emporiki Bank S.A.

  6,781     49,621

Forthnet S.A. (a)

  56,130     141,169

Fourlis Holdings S.A.

  22,201     349,569

Frigoglass S.A.

  13,245     162,451

GEK Terna S.A.

  21,810     205,007

Geniki Bank (a)

  24,393     31,325

Hellenic Duty Free Shops S.A.

  6,376     63,538

Hellenic Exchanges S.A. Holding Clearing Settlement & Registry

  29,646     378,178

Hellenic Petroleum S.A.

  61,438     698,281
Security Description   Shares   Value
   

Greece—(Continued)

   

Iaso S.A.

  9,418   $ 55,980

Intracom Holdings S.A. (a)

  56,166     145,058

Lambrakis Press S.A.

  7,345     32,145

Marfin Investment Group S.A.

  6,562     28,377

Metka S.A.

  9,569     123,808

Michaniki S.A.

  26,207     66,800

Motor Oil Hellas Corinth Refineries S.A.

  20,217     328,343

Mytilineos Holdings S.A.

  51,860     442,378

Piraeus Port Authority

  4,532     89,966

S&B Industrial Minerals S.A.

  8,929     69,347

Sarantis S.A.

  14,104     110,059

Singularlogic S.A.

  14,779     66,734

Teletypos S.A. Mega Channel

  3,647     25,008

Terna Energy S.A.

  7,545     66,401

The Athens Water Supply & Sewage Co. S.A.

  18,721     160,024

Titan Cement Co. S.A.

  41,339     1,432,679

TT Hellenic Postbank S.A.

  32,975     232,113

Viohalco

  30,580     202,877
       
      7,975,621
       

Hong Kong—0.8%

   

Allied Group, Ltd.

  22,000     51,460

Allied Properties HK, Ltd.

  610,000     97,206

Asia Financial Holdings, Ltd.

  300,000     98,414

Capital Estate, Ltd. (a)

  945,000     4,731

China Yunnan Tin Minerals Group Co., Ltd.

  188,000     4,637

Chong Hing Bank, Ltd.

  52,000     100,535

Citic 1616 Holdings, Ltd.

  164,000     43,380

Cross-Harbour Holdings, Ltd.

  63,000     62,148

Dah Sing Banking Group, Ltd.

  167,600     214,721

Dah Sing Financial Holdings, Ltd.

  48,000     276,934

Emperor International Holdings

  206,000     35,481

eSun Holdings, Ltd.

  332,000     50,788

Fubon Bank Hong Kong, Ltd.

  176,000     75,807

Galaxy Entertainment Group, Ltd. (a)

  672,000     296,758

Goldin Properties Holdings, Ltd.

  62,000     23,723

Harbour Centre Development, Ltd.

  54,000     43,393

Hon Kwok Land Investment Co., Ltd.

  70,000     20,946

Hung Hing Printing Group, Ltd.

  100,000     27,289

Jinhui Holdings, Ltd.

  22,000     6,537

Keck Seng Investments

  12,000     6,118

Kowloon Development Co., Ltd.

  165,000     167,230

Lai Sun Development (a)

  1,548,000     25,403

Lippo, Ltd.

  122,000     39,109

Liu Chong Hing Investment

  72,000     60,397

Melco International Development

  458,000     293,003

Natural Beauty Bio-Technology, Ltd.

  240,000     40,844

Next Media, Ltd.

  202,000     25,697

Ports Design, Ltd.

  157,000     389,587

Shell Electric Manufacturing Holdings Co, Ltd.

  8,000     6,039

Shui On Construction & Materials, Ltd.

  48,000     66,399

Shun Tak Holdings, Ltd.

  314,000     236,925

Singamas Container Holdings, Ltd.

  44,000     7,514

Sun Hung Kai & Co., Ltd.

  112,000     84,573

Techtronic Industries Co., Ltd.

  380,500     314,430

The Hongkong & Shanghai Hotels

  149,000     192,928

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

Met/Dimensional International Small Company Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares   Value
   

Hong Kong—(Continued)

   

Vitasoy International Holdings, Ltd.

  294,000   $ 176,520

Wai Kee Holdings, Ltd. (a)

  22,000     3,871

Wheelock Properties, Ltd.

  185,000     118,379

Wing On Co. International, Ltd.

  37,000     49,309
       
      3,839,163
       

Ireland—1.1%

   

C&C Group, Plc.

  200,973     846,701

DCC, Plc.

  34,780     900,106

Dragon Oil, Plc. (a)

  121,262     750,813

FBD Holdings, Plc.

  13,939     154,969

Glanbia, Plc.

  43,888     178,480

Grafton Group, Plc.

  110,585     629,435

Greencore Group, Plc.

  89,512     206,645

IFG Group, Plc.

  25,945     56,540

Irish Continental Group, Plc.

  2,602     45,066

Paddy Power, Plc.

  18,845     573,612

Smurfit Kappa Group, Plc.

  72,639     572,540

The Governor & Co. of the Bank of Ireland

  62,012     307,451
       
      5,222,358
       

Italy—3.5%

   

ACEA S.p.A.

  7,278     95,322

AcegasAps S.p.A.

  8,490     55,851

Actelios S.p.A.

  2,562     14,149

Amplifon S.p.A.

  40,752     164,269

Ansaldo STS S.p.A. (a)

  28,182     577,209

Antichi Pellettieri S.p.A.

  9,305     11,685

Arnoldo Mondadori Editore S.p.A. (b)

  53,051     265,023

Astaldi S.p.A.

  26,266     229,039

Autogrill S.p.A.

  5,173     62,588

Azimut Holding S.p.A.

  54,152     684,505

Banca Finnat Euramerica S.p.A.

  51,884     49,771

Banca Generali S.p.A.

  17,097     213,055

Banca IFIS S.p.A.

  3,121     36,631

Banca Intermobiliare S.p.A.

  15,011     68,693

Banca Popolare di Milano Scarl

  129,511     985,767

Banco di Desio e della Brianza S.p.A.

  21,066     140,534

Benetton Group S.p.A.

  25,978     263,458

Biesse S.p.A.

  6,021     50,274

Bonifica Ferraresi e Imprese Agricole S.p.A.

  604     35,070

Brembo S.p.A.

  15,672     130,100

Bulgari S.p.A. (b)

  61,933     479,237

Buzzi Unicem S.p.A.

  19,894     344,021

Caltagirone Editore S.p.A.

  6,273     19,839

Carraro S.p.A.

  5,504     22,249

Cementir Holding S.p.A.

  25,410     133,165

CIR-Compagnie Industriali Riunite S.p.A.

  272,712     613,380

Credito Artigiano S.p.A.

  7,992     22,756

Credito Bergamasco S.p.A.

  1,543     60,297

Credito Emiliano S.p.A.

  41,264     262,642

Davide Campari-Milano S.p.A.

  74,394     668,180

De’Longhi S.p.A.

  4,532     16,613

DiaSorin S.p.A.

  9,773     329,101

Digital Multimedia Technologies S.p.A. (a)

  3,021     45,569

ERG S.p.A.

  24,323     369,914
Security Description   Shares   Value
   

Italy—(Continued)

   

Esprinet S.p.A.

  13,663   $ 146,729

Eurotech S.p.A. (a)

  15,434     71,583

Fastweb (a)

  7,060     198,382

Fiera Milano S.p.A.

  6,655     50,130

Fondiaria-Sai S.p.A.

  8,314     175,076

Gemina S.p.A.

  405,139     391,567

Geox S.p.A. (b)

  35,122     304,425

Gewiss S.p.A.

  6,331     28,813

Gruppo Coin S.p.A.

  22,007     124,501

Gruppo Editoriale L’Espresso S.p.A.

  51,547     140,647

Hera S.p.A.

  187,453     456,357

IMMSI S.p.A.

  31,138     38,988

Impregilo S.p.A.

  130,713     572,787

Indesit Co. S.p.A.

  17,777     177,645

Industria Macchine Automatiche S.p.A.

  3,204     58,615

Interpump Group S.p.A.

  25,267     161,863

Iride S.p.A. (b)

  150,774     295,516

Italcementi S.p.A.

  22,454     346,043

Italmobiliare S.p.A.

  4,014     196,522

Juventus Football Club S.p.A. (a)

  9,266     13,904

KME Group S.p.A.

  46,746     33,811

Landi Renzo S.p.A.

  18,215     82,864

Lottomatica S.p.A.

  14,778     331,142

Mariella Burani S.p.A.

  6,116     22,099

MARR S.p.A.

  7,654     69,179

Milano Assicurazioni S.p.A.

  131,962     468,142

Mirato S.p.A.

  2,670     21,078

Nice S.p.A. (a)

  7,301     31,522

Permasteelisa S.p.A.

  6,995     135,622

Piaggio & C S.p.A.

  64,250     139,915

Piccolo Credito Valtellinese Scarl

  96,997     1,000,762

Pirelli & Co. S.p.A.

  1,246,011     668,691

Poltrona Frau S.p.A.

  22,268     29,337

Recordati S.p.A.

  40,075     283,576

Reno de Medici S.p.A.

  38,858     12,659

Sabaf S.p.A.

  947     22,276

Seat Pagine Gialle S.p.A.

  4,576     1,544

Societa Cattolica di Assicurazioni Scrl

  20,110     699,986

Societa Iniziative Autostradali e Servizi S.p.A.

  26,300     232,924

Sogefi S.p.A.

  21,121     49,940

Sorin S.p.A.

  102,216     172,332

Telecom Italia Media S.p.A.

  247,261     46,454

Tod’s S.p.A.

  6,175     422,100

Trevi Finanziaria S.p.A.

  13,527     234,791

Vianini Lavori S.p.A.

  1,530     10,930

Vittoria Assicurazioni S.p.A.

  11,118     68,169

Zignago Vetro S.p.A. (a)

  3,750     21,190
       
      16,783,084
       

Japan—23.5%

   

Accordia Golf Co., Ltd. (b)

  157     147,979

Achilles Corp.

  66,000     106,970

ADEKA Corp.

  20,000     199,814

Aderans Holdings Co., Ltd.

  16,900     240,367

Advan Co., Ltd.

  8,500     59,648

Aeon Delight Co., Ltd.

  4,800     67,926

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

Met/Dimensional International Small Company Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares   Value
   

Japan—(Continued)

   

Aeon Fantasy Co., Ltd.

  4,300   $ 52,610

Aeon Hokkaido Corp.

  9,600     32,097

Ahresty Corp.

  5,800     45,581

Ai Holdings Corp.

  15,400     54,240

Aica Kogyo Co., Ltd.

  23,900     254,379

Aichi Corp. (b)

  12,500     63,307

Aichi Machine Industry Co., Ltd.

  37,000     96,893

Aichi Steel Corp. (b)

  33,000     138,015

Aichi Tokei Denki Co., Ltd.

  3,000     9,032

Aida Engineering, Ltd.

  26,800     88,581

Aigan Co., Ltd.

  8,000     50,315

Aiphone Co., Ltd.

  5,300     95,097

Airport Facilities Co., Ltd.

  8,800     52,246

Aisan Industry Co., Ltd.

  10,300     74,199

Akebono Brake Industry Co., Ltd. (b)

  16,500     121,573

Aloka Co., Ltd. (b)

  8,200     79,363

Alpen Co., Ltd.

  5,200     94,793

Alpha Systems, Inc. (b)

  2,200     45,298

Alpine Electronics, Inc.

  15,800     147,333

Alps Electric Co., Ltd.

  58,300     335,282

Alps Logistics Co., Ltd.

  2,600     24,972

Altech Corp.

  2,600     16,135

Amano Corp. (b)

  20,600     178,418

Amiyaki Tei Co., Ltd.

  20     34,620

Amuse, Inc.

  2,600     29,581

Ando Corp.

  37,000     53,631

Anest Iwata Corp.

  12,000     41,227

Anritsu Corp. (b)

  42,000     142,996

AOC Holdings, Inc. (b)

  13,400     84,744

Aohata Corp.

  500     8,386

AOKI Holdings, Inc.

  11,800     132,802

Aoyama Trading Co., Ltd.

  9,100     155,743

Arakawa Chemical Industries, Ltd.

  6,500     75,315

Araya Industrial Co., Ltd.

  25,000     36,805

Arcs Co., Ltd.

  10,000     159,231

Ariake Japan Co., Ltd.

  8,500     141,093

Arisawa Manufacturing Co., Ltd.

  14,700     104,859

Aronkasei Co., Ltd.

  4,000     16,929

Art Corp.

  3,700     63,362

As One Corp.

  5,000     95,177

Asahi Diamond Industrial Co., Ltd. (b)

  20,000     144,955

Asahi Holdings, Inc.

  8,500     144,028

Asahi Kogyosha Co., Ltd.

  11,000     45,022

Asahi Organic Chemicals Industry Co., Ltd. (b)

  30,000     80,162

Asahi TEC Corp. (a)

  628,000     217,380

Asatsu-DK, Inc. (b)

  10,000     211,870

Ashimori Industry Co., Ltd.

  25,000     40,306

ASICS Trading Co., Ltd.

  800     9,595

ASKA Pharmaceutical Co., Ltd.

  10,000     97,179

ASKUL Corp.

  5,700     123,817

Asunaro Aoki Construction Co., Ltd.

  7,000     37,891

Atom Corp. (b)

  18,900     61,370

Atsugi Co., Ltd.

  88,000     118,372

Autobacs Seven Co., Ltd. (b)

  8,900     327,305

Avex Group Holdings, Inc. (b)

  12,000     111,567

Bando Chemical Industries, Ltd.

  37,000     103,449

Bank of the Ryukyus, Ltd.

  17,900     219,688
Security Description   Shares   Value
   

Japan—(Continued)

   

Belluna Co., Ltd.

  11,950   $ 50,623

Best Denki Co., Ltd.

  25,500     120,543

BIC Camera, Inc.

  175     63,295

BML, Inc.

  1,100     31,880

Bookoff Corp.

  6,000     90,285

Bunka Shutter Co., Ltd. (b)

  21,000     79,687

CAC Corp. (b)

  6,200     49,032

Calsonic Kansei Corp.

  73,000     205,662

Canon Electronics, Inc.

  5,600     104,770

Canon Finetech, Inc.

  7,300     95,102

Capcom Co., Ltd. (b)

  12,100     237,521

Carchs Co., Ltd. (a)

  54,500     20,726

Catena Corp.

  11,500     28,020

Cawachi, Ltd.

  7,900     180,733

Central Glass Co., Ltd.

  40,000     177,013

Central Security Patrols Co., Ltd.

  3,200     33,417

Century Leasing System, Inc. (b)

  12,100     131,683

CFS Corp.

  5,500     36,641

Chino Corp.

  14,000     39,156

Chiyoda Co., Ltd.

  10,700     152,704

Chofu Seisakusho Co., Ltd.

  6,900     145,932

Chori Co., Ltd.

  64,000     69,008

Chubu Shiryo Co., Ltd.

  10,000     87,086

Chudenko Corp. (b)

  9,900     163,242

Chuetsu Pulp & Paper Co., Ltd.

  44,000     106,216

Chugai Mining Co., Ltd.

  67,700     31,625

Chugai Ro Co., Ltd.

  24,000     72,568

Chugoku Marine Paints, Ltd.

  22,000     137,950

Chuo Denki Kogyo Co., Ltd.

  8,000     63,294

Chuo Spring Co., Ltd.

  13,000     38,423

Circle K Sunkus Co., Ltd.

  13,300     200,955

CKD Corp.

  29,500     211,627

Clarion Co., Ltd.

  51,000     47,038

Cleanup Corp.

  9,100     71,044

CMIC Co., Ltd.

  50     13,791

CMK Corp.

  20,100     171,147

Co-Op Chemical Co., Ltd. (a) (b)

  14,000     26,138

Coca-Cola Central Japan Co., Ltd.

  9,500     132,602

Colowide Co., Ltd. (b)

  14,500     97,514

Commuture Corp.

  12,000     87,446

Computer Engineering & Consulting, Ltd.

  6,000     37,553

Core Corp.

  3,000     21,205

Corona Corp.

  5,600     76,365

Cosel Co., Ltd. (b)

  6,700     88,907

Cosmos Pharmaceutical Corp.

  700     18,373

Create Medic Co., Ltd.

  1,800     18,283

Cross Plus, Inc.

  1,100     11,271

CSK Holdings Corp. (b)

  32,000     121,272

CTI Engineering Co., Ltd.

  4,700     28,361

Culture Convenience Club Co., Ltd. (b)

  26,800     174,579

Cybozu, Inc.

  119     30,918

Dai Nippon Toryo Co., Ltd.

  35,000     39,656

Dai-Dan Co., Ltd.

  16,000     94,438

Dai-Ichi Kogyo Seiyaku Co., Ltd.

  14,000     42,290

Daido Kogyo Co., Ltd.

  9,000     14,915

Daido Metal Co., Ltd. (b)

  16,000     52,769

Daidoh, Ltd.

  8,800     66,019

 

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-88


Table of Contents

Metropolitan Series Fund, Inc.

 

Met/Dimensional International Small Company Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares   Value
   

Japan—(Continued)

   

Daifuku Co., Ltd.

  29,500   $ 197,395

Daihen Corp. (b)

  46,000     188,391

Daiichi Chuo Kisen Kaisha (b)

  57,000     127,801

Daiichi Jitsugyo Co., Ltd. (b)

  20,000     60,240

Daiken Corp.

  33,000     87,711

Daiki Aluminium Industry Co., Ltd.

  19,000     44,380

Daiko Clearing Services Corp. (b)

  5,200     25,920

Daikoku Denki Co., Ltd.

  4,200     94,776

Daikokutenbussan Co., Ltd.

  1,200     26,181

Daikyo, Inc. (b)

  87,000     199,360

Daimei Telecom Engineering Corp.

  15,000     147,873

Dainichi Co., Ltd.

  4,700     34,764

Dainichiseika Color & Chemicals Manufacturing Co., Ltd.

  28,000     92,429

Dainippon Screen Manufacturing Co., Ltd. (b)

  70,000     262,880

Daio Paper Corp.

  24,000     225,447

Daiseki Co., Ltd. (b)

  10,200     201,455

Daiso Co., Ltd.

  27,000     84,545

Daisyo Corp.

  4,900     67,584

Daiwa Industries, Ltd.

  18,000     103,878

Daiwa Seiko, Inc.

  37,000     47,799

Daiwabo Co., Ltd. (b)

  49,000     203,502

DC Co., Ltd.

  5,600     17,059

DCM Japan Holdings Co., Ltd. (b)

  28,700     195,402

Denki Kogyo Co., Ltd.

  19,000     97,684

Denyo Co., Ltd.

  10,700     88,126

Descente, Ltd.

  18,000     82,671

DIC Corp.

  81,000     115,447

DMW Corp.

  700     12,485

Doshisha Co., Ltd.

  4,600     96,700

Doutor Nichires Holdings Co., Ltd.

  9,700     149,068

Dowa Holdings Co., Ltd.

  48,000     289,849

Dr. Ci:Labo Co., Ltd. (b)

  16     32,781

DTS Corp.

  8,900     81,274

Duskin Co., Ltd.

  19,800     371,870

Dwango Co., Ltd. (b)

  34     77,761

Dydo Drinco, Inc.

  4,300     142,605

eAccess, Ltd.

  417     291,095

Eagle Industry Co., Ltd.

  13,000     67,869

Earth Chemical Co., Ltd. (b)

  3,600     116,119

EBARA Corp. (b)

  71,000     311,589

EDION Corp. (b)

  39,000     337,196

Eiken Chemical Co., Ltd.

  7,500     89,418

Eizo Nanao Corp.

  6,800     161,397

Enplas Corp. (b)

  5,700     109,315

EPS Co., Ltd.

  4     16,618

ESPEC Corp.

  8,800     52,688

Exedy Corp.

  11,400     249,895

Falco Biosystems, Ltd.

  3,100     34,508

Fancl Corp.

  9,000     143,137

FCC Co., Ltd.

  9,400     164,345

FDK Corp. (a)

  42,000     55,978

Foster Electric Co., Ltd. (b)

  7,200     157,822

FP Corp. (b)

  3,700     191,931

France Bed Holdings Co., Ltd. (b)

  53,000     75,768

Fudo Tetra Corp.

  61,400     44,335

Fuji Co., Ltd./Ehime

  5,300     103,677
Security Description   Shares   Value
   

Japan—(Continued)

   

Fuji Corp., Ltd.

  12,200   $ 47,320

Fuji Electric Holdings Co., Ltd. (b)

  108,000     198,463

Fuji Kiko Co., Ltd.

  12,000     15,097

Fuji Kyuko Co., Ltd.

  20,000     94,342

Fuji Oil Co., Ltd. (b)

  19,400     273,926

Fuji Seal International, Inc.

  700     14,175

Fuji Soft, Inc. (b)

  7,000     117,426

Fujibo Holdings, Inc.

  30,000     47,450

Fujico Co., Ltd.

  8,000     95,183

Fujikura Kasei Co., Ltd.

  9,600     53,876

Fujita Kanko, Inc.

  30,000     126,377

Fujitec Co., Ltd.

  33,000     187,468

Fujitsu Frontech, Ltd.

  7,400     73,675

Fujitsu General, Ltd.

  18,000     62,406

Fujiya Co., Ltd. (a) (b)

  43,000     77,043

Fukuda Corp.

  20,000     38,919

Fukushima Industries Corp.

  1,700     16,304

Fukuyama Transporting Co., Ltd. (b)

  33,000     175,450

Fumakilla, Ltd.

  8,000     37,016

Funai Consulting Co., Ltd.

  8,700     49,645

Funai Electric Co., Ltd. (b)

  5,100     232,480

Furukawa Battery Co., Ltd. (a) (b)

  6,000     52,982

Furukawa Co., Ltd. (b)

  124,000     173,075

Furukawa-Sky Aluminum Corp.

  39,000     67,047

Furusato Industries, Ltd.

  5,400     40,931

Fuso Pharmaceutical Industries, Ltd. (b)

  29,000     91,786

Futaba Corp.

  12,900     210,116

Futaba Industrial Co., Ltd. (b)

  27,800     116,220

Future Architect, Inc.

  68     28,823

Fuyo General Lease Co., Ltd.

  8,100     181,425

Gakken Co., Ltd. (b)

  34,000     90,852

Gecoss Corp.

  8,800     41,710

Genki Sushi Co., Ltd.

  2,200     29,479

Geo Corp. (b)

  142     137,824

GMO internet, Inc. (b)

  14,200     62,289

Godo Steel, Ltd.

  63,000     123,036

Goldcrest Co., Ltd. (b)

  6,290     189,616

Goldwin, Inc. (a)

  20,000     42,771

Gourmet Kineya Co., Ltd.

  1,000     7,008

Green Hospital Supply, Inc. (b)

  107     75,980

Gulliver International Co., Ltd. (b)

  1,770     124,370

Gun-Ei Chemical Industry Co., Ltd.

  20,000     47,932

Gunze, Ltd.

  60,000     274,268

H2O Retailing Corp. (b)

  40,000     251,239

Hakuto Co., Ltd.

  5,800     56,527

Hakuyosha Co., Ltd.

  2,000     5,769

Hanwa Co., Ltd.

  65,000     234,712

Happinet Corp.

  3,400     47,004

Harashin Narus Holdings Co., Ltd.

  5,600     65,523

Harima Chemicals, Inc.

  2,000     10,200

Haseko Corp. (b)

  272,000     264,186

Hazama Corp.

  41,900     43,931

Heiwa Corp.

  12,300     135,604

Heiwa Real Estate Co., Ltd. (b)

  71,500     244,038

Heiwado Co., Ltd.

  11,100     154,955

Hibiya Engineering, Ltd.

  11,000     102,634

Hikari Tsushin, Inc. (b)

  7,900     172,551

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

Met/Dimensional International Small Company Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares   Value
   

Japan—(Continued)

   

HIS Co., Ltd.

  7,700   $ 158,696

Hitachi Business Solution Co., Ltd.

  900     6,953

Hitachi Cable, Ltd. (b)

  61,000     178,256

Hitachi Koki Co., Ltd. (b)

  17,000     191,072

Hitachi Kokusai Electric, Inc.

  16,000     124,675

Hitachi Medical Corp.

  8,000     76,062

Hitachi Metals Techno, Ltd.

  2,000     8,284

Hitachi Tool Engineering, Ltd.

  8,100     74,801

Hitachi Transport System, Ltd. (b)

  12,900     179,442

Hitachi Zosen Corp. (a)

  243,500     307,855

Hochiki Corp.

  8,000     47,682

Hodogaya Chemical Co., Ltd.

  27,000     74,895

Hogy Medical Co., Ltd.

  3,700     207,626

Hohsui Corp.

  12,000     15,942

Hokkaido Gas Co., Ltd.

  25,000     71,387

Hokkan Holdings, Ltd.

  23,000     60,079

Hokko Chemical Industry Co., Ltd.

  8,000     29,669

Hokuetsu Paper Mills, Ltd. (b)

  32,500     171,654

Hokuriku Electric Industry Co., Ltd.

  22,000     43,319

Hokuriku Electrical Construction Co., Ltd.

  1,000     3,199

Hokuto Corp.

  9,000     207,999

Honshu Chemical Industry Co., Ltd.

  2,000     8,465

Horiba, Ltd. (b)

  6,900     178,781

Horipro, Inc.

  3,500     31,340

Hosiden Corp. (b)

  19,300     261,748

Hosokawa Micron Corp.

  14,000     57,567

Howa Machinery, Ltd.

  36,000     23,157

I-Net Corp.

  3,200     17,770

IBJ Leasing Co., Ltd.

  7,300     104,973

Ichibanya Co., Ltd.

  600     14,566

Ichikawa Co., Ltd.

  2,000     4,436

Ichikoh Industries, Ltd.

  18,000     30,472

Ichinen Holdings Co., Ltd.

  7,000     33,035

Ichiyoshi Securities Co., Ltd.

  10,300     70,297

Icom, Inc.

  4,200     107,643

Idec Corp.

  9,700     76,900

Ihara Chemical Industry Co., Ltd.

  18,000     67,488

Iino Kaiun Kaisha, Ltd. (b)

  26,000     125,374

Ikyu Corp.

  28     13,897

Imasen Electric Industrial

  7,100     78,495

Imperial Hotel, Ltd.

  650     13,356

Inaba Denki Sangyo Co., Ltd.

  6,000     143,996

Inaba Seisakusho Co., Ltd.

  5,500     56,910

Inabata & Co., Ltd.

  23,700     98,269

Inageya Co., Ltd.

  6,000     62,624

Ines Corp.

  14,100     119,842

Information Services International-Dentsu, Ltd.

  4,900     34,945

Intage, Inc.

  800     13,620

Inui Steamship Co., Ltd.

  6,500     46,737

Invoice, Inc.

  3,601     59,835

Ise Chemical Corp.

  1,000     6,594

Iseki & Co., Ltd. (b)

  54,000     216,464

Ishihara Sangyo Kaisha, Ltd. (a)

  139,000     114,441

Ishii Hyoki Co., Ltd.

  1,800     23,924

Itochu Enex Co., Ltd.

  23,000     133,914

Itochu-Shokuhin Co., Ltd.

  1,800     63,793

Itoham Foods, Inc. (b)

  52,000     202,708
Security Description   Shares   Value
   

Japan—(Continued)

   

Itoki Corp.

  16,300   $ 43,639

Iwasaki Electric Co., Ltd.

  29,000     58,163

IWATANI Corp.

  56,000     171,819

Iwatsu Electric Co., Ltd.

  37,000     35,511

Izumiya Co., Ltd.

  37,000     201,944

J-Oil Mills, Inc.

  38,000     128,556

Jalux, Inc.

  3,200     43,785

Janome Sewing Machine Co., Ltd. (b)

  68,000     52,876

Japan Airport Terminal Co., Ltd. (b)

  23,100     289,479

Japan Aviation Electronics Industry, Ltd. (b)

  24,000     142,433

Japan Carlit Co., Ltd.

  7,000     35,416

Japan Cash Machine Co., Ltd.

  7,900     77,481

Japan Digital Laboratory Co., Ltd.

  9,200     129,726

Japan Pulp & Paper Co., Ltd.

  33,000     126,098

Japan Radio Co., Ltd. (b)

  36,000     91,442

Japan Transcity Corp.

  23,000     80,715

Japan Vilene Co., Ltd.

  11,000     61,667

Jastec Co., Ltd.

  5,100     29,724

JBCC Holdings, Inc.

  5,700     40,572

JBIS Holdings, Inc.

  10,400     41,455

Jeol, Ltd. (b)

  29,000     129,910

JFE Shoji Holdings, Inc.

  38,000     138,268

JK Holdings Co., Ltd.

  5,600     23,796

JMS Co., Ltd.

  13,000     58,231

Joban Kosan Co., Ltd.

  19,000     32,829

Joshin Denki Co., Ltd. (b)

  18,000     139,635

JSP Corp.

  10,700     95,942

Juki Corp. (b)

  55,000     63,797

JVC KENWOOD Holdings, Inc.

  266,800     142,151

K’s Holdings Corp.

  10,700     360,383

kabu.com Securities Co., Ltd. (b)

  125     150,876

Kadokawa Group Holdings, Inc.

  7,900     176,968

Kaga Electronics Co., Ltd.

  8,500     88,329

Kagawa Bank, Ltd.

  31,000     122,514

Kakaku.com, Inc.

  57     209,748

Kaken Pharmaceutical Co., Ltd.

  22,000     206,817

Kameda Seika Co., Ltd.

  3,100     58,668

Kamei Corp.

  9,000     52,050

Kanaden Corp.

  11,000     67,140

Kanagawa Chuo Kotsu Co., Ltd.

  16,000     92,311

Kanamoto Co., Ltd.

  11,000     50,932

Kandenko Co., Ltd.

  22,000     152,068

Kanematsu Corp. (a)

  149,000     132,427

Kanematsu Electronics, Ltd.

  8,500     86,282

Kanto Auto Works, Ltd.

  15,200     152,392

Kanto Denka Kogyo Co., Ltd.

  18,000     136,886

Kanto Natural Gas Development, Ltd.

  12,000     84,245

Kanto Tsukuba Bank, Ltd. (b)

  25,500     87,072

Kappa Create Co., Ltd.

  900     22,893

Kasai Kogyo Co., Ltd.

  10,000     26,819

Kasumi Co., Ltd.

  16,000     77,228

Katakura Chikkarin Co., Ltd.

  8,000     28,508

Katakura Industries Co., Ltd.

  9,000     104,580

Kato Sangyo Co., Ltd.

  7,100     121,461

Kato Works Co., Ltd.

  27,000     58,478

Kawai Musical Instruments Manufacturing Co., Ltd.

  30,000     36,321

Kawasaki Kinkai Kisen Kaisha

  7,000     18,966

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

Met/Dimensional International Small Company Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares   Value
   

Japan—(Continued)

   

Kawashima Selkon Textiles Co., Ltd.

  29,000   $ 24,783

Kawasumi Laboratories, Inc.

  9,000     65,070

Kayaba Industry Co., Ltd. (b)

  76,000     267,991

Keihin Corp. (b)

  8,000     131,937

Keiyo Co., Ltd. (b)

  13,300     67,493

Kenedix, Inc. (b)

  289     112,986

Kentucky Fried Chicken Japan, Ltd.

  3,000     55,502

KEY Coffee, Inc. (b)

  5,800     102,976

Kimura Chemical Plants Co., Ltd.

  4,900     53,080

Kinki Nippon Tourist Co., Ltd.

  23,000     22,577

Kinki Sharyo Co., Ltd.

  12,000     108,905

Kintetsu World Express, Inc. (b)

  5,600     131,193

Kinugawa Rubber Industrial Co., Ltd.

  16,000     30,038

Kishu Paper Co., Ltd.

  37,000     38,209

Kisoji Co., Ltd. (b)

  6,800     152,424

Kissei Pharmaceutical Co., Ltd.

  9,000     230,875

Kitagawa Iron Works Co., Ltd.

  33,000     38,916

Kitano Construction Corp. (b)

  24,000     58,394

Kitz Corp.

  37,000     185,438

Kiyo Holdings, Inc.

  246,000     313,316

Koa Corp. (b)

  14,000     125,472

Koatsu Gas Kogyo Co., Ltd.

  14,000     86,050

Kohnan Shoji Co., Ltd.

  10,300     116,274

Kohsoku Corp.

  5,000     36,094

Koike Sanso Kogyo Co., Ltd.

  13,000     39,018

Kojima Co., Ltd. (b)

  11,300     58,295

Kokuyo Co., Ltd. (b)

  28,800     263,940

Komai Tekko, Inc.

  12,000     27,987

Komatsu Seiren Co., Ltd.

  13,000     53,467

Komatsu Wall Industry Co., Ltd.

  3,600     47,425

Komeri Co., Ltd. (b)

  8,000     237,122

Komori Corp. (b)

  24,000     291,494

Konaka Co., Ltd.

  12,400     39,399

Konishi Co., Ltd.

  7,300     71,047

Kosaido Co., Ltd.

  3,700     9,405

Kose Corp. (b)

  5,200     126,931

Kosei Securities Co., Ltd.

  14,000     15,370

Kourakuen Corp.

  1,100     14,715

Krosaki Harima Corp.

  26,000     45,563

KRS Corp.

  4,200     45,180

Kumagai Gumi Co., Ltd.

  59,000     43,764

Kumiai Chemical Industry Co., Ltd.

  20,000     80,679

Kura Corp.

  25     80,320

Kurabo Industries, Ltd.

  87,000     180,449

KUREHA Corp. (b)

  41,000     252,656

Kurimoto, Ltd.

  53,000     53,453

Kuroda Electric Co., Ltd.

  11,800     144,053

Kyodo Printing Co., Ltd.

  35,000     113,571

Kyodo Shiryo Co., Ltd.

  30,000     40,192

Kyoei Steel, Ltd.

  3,700     88,561

Kyoei Tanker Co., Ltd. (b)

  13,000     29,178

Kyokuto Kaihatsu Kogyo Co., Ltd.

  17,900     71,425

Kyokuyo Co., Ltd.

  34,000     73,117

Kyorin Co., Ltd.

  13,000     221,485

Kyoritsu Maintenance Co., Ltd. (b)

  4,000     67,813

Kyosan Electric Manufacturing Co., Ltd.

  22,000     104,097

Kyoto Kimono Yuzen Co., Ltd.

  4,400     49,404
Security Description   Shares   Value
   

Japan—(Continued)

   

Kyowa Electronics Instruments Co., Ltd.

  6,000   $ 17,905

Kyowa Exeo Corp. (b)

  24,000     235,332

Kyowa Leather Cloth Co., Ltd.

  3,300     14,206

Kyudenko Corp.

  20,000     126,996

Life Corp.

  11,700     201,061

Lion Corp.

  8,000     41,590

Macnica, Inc.

  4,500     72,507

Maeda Corp. (b)

  60,000     192,898

Maeda Road Construction Co., Ltd.

  23,000     206,916

Maezawa Kasei Industries Co., Ltd. (b)

  5,200     55,603

Maezawa Kyuso Industries Co., Ltd.

  5,300     86,162

Makino Milling Machine Co., Ltd.

  56,000     214,601

Mandom Corp. (b)

  8,200     235,073

Mars Engineering Corp.

  2,500     92,249

Marubun Corp.

  10,300     64,278

Marudai Food Co., Ltd.

  49,000     153,154

Maruei Department Store Co., Ltd.

  20,000     36,533

Maruha Nichiro Holdings, Inc. (b)

  128,000     195,046

Maruka Machinery Co., Ltd.

  3,000     24,504

Marukyu Co., Ltd.

  700     7,316

Marusan Securities Co., Ltd. (b)

  24,600     150,064

Maruwa Co., Ltd.

  4,200     107,263

Maruwn Corp.

  2,200     6,318

Maruyama Manufacturing Co. Inc

  18,000     35,976

Maruzen Co., Ltd. (a)

  57,000     58,189

Maruzen Showa Unyu Co., Ltd.

  28,000     96,618

Maspro Denkoh Corp.

  6,200     61,328

Matsuda Sangyo Co., Ltd. (b)

  4,100     67,546

Matsui Construction Co., Ltd.

  10,000     38,588

Matsuya Co., Ltd. (b)

  11,700     93,854

Matsuya Foods Co., Ltd.

  3,800     54,920

Max Co., Ltd.

  14,000     145,962

Maxvalu Tokai Co., Ltd.

  5,400     75,694

MEC Co., Ltd. (b)

  4,800     38,359

Megachips Corp. (b)

  5,100     109,951

Meidensha Corp. (b)

  53,000     277,095

Meiji Shipping Co., Ltd.

  8,500     38,553

Meiko Network Japan Co., Ltd.

  2,200     13,987

Meitec Corp. (b)

  14,000     237,170

Meito Sangyo Co., Ltd.

  5,000     70,402

Meito Transportation Co., Ltd.

  1,400     12,166

Meiwa Estate Co., Ltd.

  10,300     64,865

Melco Holdings, Inc.

  5,600     99,687

Mercian Corp.

  38,000     98,266

Mikuni Coca-Cola Bottling Co., Ltd.

  11,100     96,492

Milbon Co., Ltd.

  3,500     93,892

Mimasu Semiconductor Industry Co., Ltd.

  6,800     96,811

Ministop Co., Ltd.

  5,300     83,927

Misawa Homes Co., Ltd. (a)

  13,200     46,753

MISUMI Group, Inc. (b)

  200     4,181

Mito Securities Co., Ltd.

  21,000     50,016

Mitsuba Corp.

  18,000     82,481

Mitsubishi Cable Industries, Ltd. (b)

  47,000     44,748

Mitsubishi Kakoki Kaisha, Ltd. (b)

  22,000     61,368

Mitsubishi Paper Mills, Ltd. (b)

  124,000     168,642

Mitsubishi Pencil Co., Ltd.

  6,500     79,973

Mitsubishi Steel Manufacturing Co., Ltd.

  43,000     87,383

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

Met/Dimensional International Small Company Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares   Value
   

Japan—(Continued)

   

Mitsuboshi Belting Co., Ltd.

  30,000   $ 123,569

Mitsui High-Tec, Inc. (b)

  11,100     139,552

Mitsui Home Co., Ltd.

  15,000     86,828

Mitsui Knowledge Industry Co., Ltd.

  396     70,945

Mitsui Matsushima Co., Ltd. (b)

  25,000     36,300

Mitsui Sugar Co., Ltd.

  34,000     119,891

Mitsui-Soko Co., Ltd.

  36,000     136,889

Mitsumura Printing Co., Ltd.

  1,000     3,730

Mitsuuroko Co., Ltd.

  11,000     79,052

Miura Co., Ltd. (b)

  9,300     262,849

Miyoshi Oil & Fat Co., Ltd.

  30,000     48,866

Mizuho Investors Securities Co., Ltd.

  81,000     82,401

Mizuno Corp. (b)

  36,000     173,267

Mochida Pharmaceutical Co., Ltd.

  21,000     222,622

Modec, Inc. (b)

  5,100     104,093

Monex Beans Holdings, Inc.

  391     140,481

Mori Seiki Co., Ltd. (b)

  18,500     221,446

Morinaga & Co., Ltd.

  76,000     169,609

Morinaga Milk Industry Co., Ltd. (b)

  60,000     299,567

Morita Holdings Corp.

  8,000     43,144

Morozoff, Ltd.

  11,000     37,514

Mory Industries, Inc.

  20,000     44,282

MOS Food Services, Inc.

  9,600     167,359

Moshi Moshi Hotline, Inc. (b)

  8,900     174,039

Mr Max Corp.

  13,800     75,573

Musashi Seimitsu Industry Co., Ltd.

  6,100     115,337

Mutoh Holdings Co., Ltd. (a)

  21,000     33,384

Mutow Co., Ltd.

  9,500     42,725

Nabtesco Corp. (b)

  28,000     332,795

NAC Co., Ltd.

  1,400     14,165

Nachi-Fujikoshi Corp. (b)

  69,000     155,083

Nagaileben Co., Ltd.

  1,200     25,297

Nagatanien Co., Ltd.

  8,000     77,541

Nakabayashi Co., Ltd.

  17,000     40,921

Nakamuraya Co., Ltd.

  18,000     94,867

Nakayama Steel Works, Ltd.

  46,000     87,786

NEC Electronics Corp. (a) (b)

  5,400     47,746

NEC Fielding, Ltd.

  6,000     93,718

NEC Leasing, Ltd.

  8,100     123,959

NEC Mobiling, Ltd.

  4,600     123,249

NEC Networks & System Integration Corp.

  9,600     131,199

NET One Systems Co., Ltd. (b)

  149     223,701

Neturen Co., Ltd.

  13,200     102,499

New Japan Radio Co., Ltd.

  15,000     38,673

NHK Spring Co., Ltd.

  17,000     140,559

Nice Holdings, Inc.

  31,000     66,077

Nichia Steel Works, Ltd.

  18,000     68,516

Nichias Corp. (b)

  37,000     137,567

Nichiban Co., Ltd.

  14,000     51,059

Nichicon Corp. (b)

  18,200     231,794

Nichiha Corp.

  10,500     70,636

Nichii Gakkan Co. (b)

  15,500     155,494

Nichirei Corp. (b)

  70,000     277,108

Nichireki Co., Ltd.

  11,000     43,832

Nidec Copal Corp.

  5,900     80,007

Nidec Sankyo Corp.

  16,000     90,498

Nidec Servo Corp.

  8,000     38,295
Security Description   Shares   Value
   

Japan—(Continued)

   

Nidec-Tosok Corp.

  5,800   $ 47,462

Nifco, Inc.

  15,400     306,764

Nihon Chouzai Co., Ltd.

  1,990     46,862

Nihon Dempa Kogyo Co., Ltd. (b)

  6,800     130,962

Nihon Eslead Corp. (b)

  3,100     32,516

Nihon Kohden Corp. (b)

  15,400     256,941

Nihon Nohyaku Co., Ltd. (b)

  15,000     108,384

Nihon Parkerizing Co., Ltd.

  16,000     199,399

Nihon Shokuhin Kako Co., Ltd.

  3,000     24,078

Nihon Spindle Manufacturing Co., Ltd.

  15,000     24,046

Nihon Unisys, Ltd.

  16,000     144,680

Nihon Yamamura Glass Co., Ltd.

  45,000     150,015

Nikkiso Co., Ltd.

  18,000     156,296

Nikko Co., Ltd.

  14,000     42,152

Nippo Corp. (b)

  20,000     163,054

Nippon Beet Sugar Manufacturing Co., Ltd. (b)

  53,000     144,484

Nippon Carbon Co., Ltd. (b)

  34,000     111,079

Nippon Ceramic Co., Ltd. (b)

  6,400     90,902

Nippon Chemi-Con Corp. (b)

  57,000     276,045

Nippon Chemical Industrial Co., Ltd.

  30,000     83,788

Nippon Chemiphar Co., Ltd. (b)

  10,000     34,337

Nippon Coke & Engineering Co.

  66,500     75,988

Nippon Denko Co., Ltd. (b)

  27,000     187,036

Nippon Densetsu Kogyo Co., Ltd.

  12,000     113,453

Nippon Denwa Shisetsu Co., Ltd.

  16,000     54,351

Nippon Felt Co., Ltd.

  7,000     31,255

Nippon Filcon Co., Ltd.

  6,600     34,890

Nippon Fine Chemical Co., Ltd.

  7,400     63,177

Nippon Flour Mills Co., Ltd.

  40,000     217,807

Nippon Formula Feed Manufacturing Co., Ltd.

  25,000     30,265

Nippon Gas Co., Ltd.

  9,700     163,189

Nippon Hume Corp.

  6,000     19,886

Nippon Kanzai Co., Ltd.

  2,300     43,053

Nippon Kasei Chemical Co., Ltd.

  26,000     58,315

Nippon Kayaku Co., Ltd.

  28,000     248,549

Nippon Kinzoku Co., Ltd.

  29,000     52,404

Nippon Koei Co., Ltd.

  33,000     103,882

Nippon Konpo Unyu Soko Co., Ltd.

  20,000     238,325

Nippon Koshuha Steel Co., Ltd.

  34,000     35,833

Nippon Light Metal Co., Ltd.

  255,000     262,546

Nippon Metal Industry Co., Ltd. (b)

  57,000     101,977

Nippon Paint Co., Ltd. (b)

  45,000     243,889

Nippon Parking Development Co., Ltd.

  803     36,796

Nippon Pillar Packing Co., Ltd. (b)

  11,000     54,478

Nippon Piston Ring Co., Ltd.

  28,000     32,357

Nippon Seiki Co., Ltd. (b)

  12,000     136,319

Nippon Seisen Co., Ltd.

  15,000     43,672

Nippon Sharyo, Ltd.

  13,000     83,441

Nippon Shinyaku Co., Ltd.

  16,000     227,008

Nippon Signal Co., Ltd.

  21,100     202,508

Nippon Soda Co., Ltd.

  43,000     180,833

Nippon Steel Trading Co., Ltd.

  22,000     37,942

Nippon Suisan Kaisha, Ltd. (b)

  64,200     191,393

Nippon Thompson Co., Ltd.

  30,000     169,264

Nippon Valqua Industries, Ltd.

  32,000     64,504

Nippon Yakin Kogyo Co., Ltd.

  55,500     274,510

Nippon Yusoki Co., Ltd.

  2,000     4,658

 

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-92


Table of Contents

Metropolitan Series Fund, Inc.

 

Met/Dimensional International Small Company Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares   Value
   

Japan—(Continued)

   

Nipro Corp.

  12,400   $ 290,352

NIS Group Co., Ltd.

  82,900     26,667

Nishimatsu Construction Co., Ltd.

  137,000     193,944

Nishimatsuya Chain Co., Ltd. (b)

  18,600     195,217

Nissan Shatai Co., Ltd.

  25,000     200,034

Nissei Corp.

  10,500     79,817

Nissen Holdings Co., Ltd. (b)

  14,000     45,571

Nissin Corp.

  30,000     78,088

Nissin Electric Co., Ltd.

  21,000     128,930

Nissin Kogyo Co., Ltd.

  11,800     171,365

Nissin Sugar Manufacturing Co., Ltd.

  7,000     15,203

Nissui Pharmaceutical Co., Ltd.

  5,800     49,462

Nitta Corp. (b)

  10,900     167,793

Nittan Valve Co., Ltd.

  10,500     38,720

Nittetsu Mining Co., Ltd.

  26,000     139,051

Nitto Boseki Co., Ltd.

  112,000     220,308

Nitto Fuji Flour Milling Co., Ltd.

  4,000     13,943

Nitto Kogyo Corp. (b)

  11,900     119,338

Nitto Kohki Co., Ltd.

  3,800     76,559

Nitto Seiko Co., Ltd.

  11,000     28,421

NOF Corp. (b)

  56,000     280,563

Nohmi Bosai, Ltd. (b)

  9,000     75,264

Nomura Co., Ltd.

  19,000     53,204

Noritake Co., Ltd.

  47,000     145,316

Noritsu Koki Co., Ltd.

  8,700     78,211

NS Solutions Corp.

  5,800     105,900

NSD Co., Ltd. (b)

  14,000     150,843

O-M, Ltd.

  8,000     27,023

OBIC Business Consultants, Ltd.

  1,950     108,314

Oenon Holdings, Inc. (b)

  17,000     37,833

Ohara, Inc. (b)

  4,400     71,841

Oiles Corp.

  10,400     177,415

Okabe Co., Ltd.

  18,600     70,359

Okamoto Industries, Inc. (b)

  29,000     110,879

Okamura Corp.

  28,000     138,567

Okasan Securities Group, Inc.

  54,000     240,102

Oki Electric Industry Co., Ltd.

  213,000     189,437

OKK Corp.

  32,000     29,435

Okuma Holdings, Inc.

  51,000     255,801

Okumura Corp. (b)

  59,000     221,618

Okura Industrial Co., Ltd.

  24,000     71,367

Okuwa Co., Ltd.

  10,000     110,940

Olympic Corp.

  9,300     64,347

OMC Card, Inc. (b)

  43,900     75,613

ONO Sokki Co., Ltd.

  9,000     42,657

Onoken Co., Ltd.

  5,200     52,126

Onward Holdings Co., Ltd.

  43,000     319,391

Organo Corp. (b)

  11,000     83,323

Oriental Yeast Co., Ltd.

  4,000     23,365

Origin Electric Co., Ltd.

  11,000     27,797

Osaka Organic Chemical Industry, Ltd.

  100     400

Osaka Steel Co., Ltd.

  6,100     106,632

OSAKA Titanium Technologies Co., Ltd. (b)

  6,400     182,088

Osaki Electric Co., Ltd. (b)

  11,000     125,335

OSG Corp.

  25,400     260,456

Oyo Corp. (b)

  7,600     76,557

OZEKI Co., Ltd.

  700     29,129
Security Description   Shares   Value
   

Japan—(Continued)

   

Pacific Golf Group International Holdings KK

  102   $ 70,983

Pacific Industrial Co., Ltd.

  16,000     75,633

Pacific Metals Co., Ltd.

  39,000     292,967

Pal Co, Ltd.

  750     15,470

PanaHome Corp.

  25,000     152,396

Paramount Bed Co., Ltd. (b)

  7,400     159,264

Parco Co., Ltd. (b)

  23,600     218,038

Paris Miki, Inc. (b)

  10,200     95,991

Park24 Co., Ltd.

  31,700     365,402

Pasco Corp. (a)

  17,000     32,207

Pasona Group, Inc.

  76     56,078

Penta-Ocean Construction Co., Ltd.

  118,000     151,787

PIA Corp. (a)

  3,200     41,572

Pigeon Corp. (b)

  5,100     203,406

Pilot Corp.

  44     49,126

Piolax, Inc.

  4,000     72,991

Pioneer Corp. (b)

  84,300     201,873

Plenus Co., Ltd.

  6,000     89,966

Press Kogyo Co., Ltd.

  44,000     87,448

Prima Meat Packers, Ltd.

  65,000     78,258

Pronexus, Inc.

  8,100     64,301

PS Mitsubishi Construction Co., Ltd. (b)

  9,900     36,514

Raito Kogyo Co., Ltd.

  24,200     56,765

Rasa Industries, Ltd.

  33,000     42,615

Renown, Inc. (a)

  15,100     28,900

Resort Solution Co., Ltd.

  1,000     1,660

Resort Trust, Inc.

  13,500     173,913

Rheon Automatic Machinery Co., Ltd.

  5,000     14,288

Rhythm Watch Co., Ltd.

  57,000     82,650

Ricoh Leasing Co., Ltd.

  6,800     148,998

Right On Co., Ltd.

  5,500     53,968

Riken Corp.

  38,000     136,790

Riken Keiki Co., Ltd.

  7,500     58,396

Riken Technos Corp.

  22,000     53,690

Riken Vitamin Co., Ltd.

  1,200     32,371

Ringer Hut Co., Ltd.

  6,200     80,130

Risa Partners, Inc. (b)

  106     68,120

Rock Field Co., Ltd.

  3,800     53,804

Rohto Pharmaceutical Co., Ltd. (b)

  9,000     123,001

Roland Corp.

  10,200     116,003

Roland DG Corp. (b)

  3,700     53,147

Round One Corp. (b)

  18,000     152,854

Royal Holdings Co., Ltd. (b)

  9,000     101,814

Ryobi, Ltd.

  65,000     205,802

Ryoden Trading Co., Ltd.

  15,000     96,980

Ryohin Keikaku Co., Ltd. (b)

  7,300     378,395

Ryosan Co., Ltd.

  10,100     260,848

Ryoshoku, Ltd. (b)

  3,200     81,561

Ryoyo Electro Corp.

  11,000     94,885

S&B Foods, Inc.

  2,000     18,982

S. Foods, Inc.

  7,000     67,262

Sagami Chain Co., Ltd.

  3,000     26,291

Saibu Gas Co., Ltd. (b)

  94,000     267,070

Saizeriya Co., Ltd. (b)

  10,100     185,104

Sakai Chemical Industry Co., Ltd.

  45,000     198,235

Sakata INX Corp.

  20,000     86,883

Sakata Seed Corp. (b)

  11,900     182,197

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

Met/Dimensional International Small Company Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares   Value
   

Japan—(Continued)

   

Sala Corp.

  11,000   $ 70,734

San Holdings, Inc.

  1,600     30,448

San-A Co., Ltd.

  2,900     117,445

San-Ai Oil Co., Ltd.

  22,000     109,141

Sanden Corp.

  56,000     158,519

Sanei-International Co., Ltd. (b)

  5,700     77,860

Sanken Electric Co., Ltd. (b)

  53,000     181,431

Sanki Engineering Co., Ltd.

  23,000     192,886

Sanko Metal Industries Co., Ltd.

  10,000     31,823

Sankyo Seiko Co., Ltd.

  23,700     59,669

Sankyo-Tateyama Holdings, Inc.

  109,000     105,152

Sankyu, Inc. (b)

  82,000     352,549

Sanoh Industrial Co., Ltd.

  10,100     71,043

Sanrio Co., Ltd. (b)

  12,600     106,627

Sanshin Electronics Co., Ltd.

  12,600     101,237

Sansui Electric Co., Ltd. (a)

  316,000     24,804

Sanwa Holdings Corp. (b)

  75,000     257,835

Sanyo Chemical Industries, Ltd.

  30,000     176,534

Sanyo Denki Co., Ltd.

  17,000     85,101

Sanyo Housing Nagoya Co., Ltd.

  25     21,615

Sanyo Shokai, Ltd. (b)

  45,000     147,800

Sanyo Special Steel Co., Ltd. (b)

  51,000     188,624

Sapporo Hokuyo Holdings, Inc. (b)

  78,900     279,505

Sasebo Heavy Industries Co., Ltd. (b)

  37,000     76,367

Sato Corp.

  8,600     117,037

Sato Shoji Corp.

  7,200     39,680

Satori Electric Co., Ltd.

  6,600     45,270

Sawai Pharmaceutical Co., Ltd.

  3,400     197,062

Secom Joshinetsu Co., Ltd.

  900     19,803

Secom Techno Service Co., Ltd.

  1,500     40,454

Seibu Electric Industry Co., Ltd.

  2,000     9,016

Seika Corp.

  28,000     72,315

Seikagaku Corp.

  12,800     185,185

Seiko Holdings Corp.

  31,000     77,528

Seiren Co., Ltd. (b)

  20,600     135,671

Sekisui Jushi Corp.

  15,000     131,371

Sekisui Plastics Co., Ltd.

  21,000     90,449

Senko Co., Ltd. (b)

  23,000     95,921

Senshu Electric Co., Ltd.

  4,100     48,614

Senshukai Co., Ltd. (b)

  14,700     105,215

Shibaura Mechatronics Corp.

  13,000     41,217

Shibuya Kogyo Co., Ltd.

  4,000     35,631

Shikibo, Ltd. (b)

  49,000     112,415

Shikoku Chemicals Corp.

  18,000     110,656

Shikoku Coca-Cola Bottling Co., Ltd.

  9,400     102,450

Shima Seiki Manufacturing, Ltd. (b)

  8,500     196,872

Shimachu Co., Ltd.

  16,100     421,681

Shin Nippon Air Technologies Co., Ltd.

  8,100     55,713

Shin-Etsu Polymer Co., Ltd.

  20,000     143,084

Shin-Keisei Electric Railway Co., Ltd.

  12,000     47,114

Shin-Kobe Electric Machinery Co., Ltd. (b)

  9,000     106,768

Shinagawa Refractories Co., Ltd.

  23,000     56,005

Shindengen Electric Manufacturing Co., Ltd. (b)

  35,000     101,932

Shinkawa, Ltd.

  7,000     136,435

Shinko Electric Co., Ltd.

  33,000     90,459

Shinko Plantech Co., Ltd.

  11,700     114,174

Shinko Shoji Co., Ltd. (b)

  9,200     78,791
Security Description   Shares   Value
   

Japan—(Continued)

   

Shinko Wire Co., Ltd.

  10,000   $ 16,325

Shinmaywa Industries, Ltd.

  44,000     171,954

Shinsho Corp.

  18,000     31,366

Shinwa Kaiun Kaisha, Ltd. (b)

  32,000     84,141

Shiroki Corp.

  25,000     42,304

Shizuoka Gas Co., Ltd.

  15,000     116,196

SHO-BOND Holdings Co., Ltd. (b)

  4,800     93,832

Shobunsha Publications, Inc.

  5,300     37,001

Shochiku Co., Ltd.

  26,000     228,288

Shoko Co., Ltd. (b)

  27,000     33,582

Showa Aircraft Industry Co., Ltd.

  1,000     8,377

Showa Corp. (b)

  22,600     137,733

Showa Sangyo Co., Ltd.

  36,000     119,361

Siix Corp.

  9,300     77,401

Sinanen Co., Ltd.

  17,000     90,697

Sintokogio, Ltd.

  23,700     180,198

SKY Perfect JSAT Holdings, Inc. (b)

  554     255,555

SMK Corp. (b)

  27,000     173,487

Snow Brand Milk Products Co., Ltd.

  58,500     218,954

SNT Corp.

  8,200     23,721

So-net Entertainment Corp. (b)

  24     49,445

So-net M3, Inc. (b)

  29     101,866

Soda Nikka Co., Ltd.

  3,000     10,487

Sodick Co., Ltd.

  22,500     50,535

Soft99 Corp.

  300     1,924

Sogo Medical Co., Ltd.

  2,400     63,058

Sohgo Security Services Co., Ltd. (b)

  19,600     232,339

Sorun Corp.

  8,100     41,787

Sotoh Co., Ltd.

  3,600     42,525

Space Co., Ltd.

  200     1,563

SRA Holdings

  4,200     37,828

SRI Sports, Ltd.

  41     40,304

SSP Co., Ltd.

  20,000     110,010

ST Corp.

  3,700     45,315

St. Marc Holdings Co., Ltd. (b)

  2,700     85,716

Star Micronics Co., Ltd.

  14,800     137,165

Starzen Co., Ltd.

  28,000     74,472

Stella Chemifa Corp. (b)

  2,400     132,032

Subaru Enterprise Co., Ltd.

  1,000     3,145

Sugi Holdings Co., Ltd. (b)

  8,700     185,110

Sugimoto & Co., Ltd.

  3,800     39,761

Sumida Corp.

  7,400     49,424

Suminoe Textile Co., Ltd.

  18,000     28,839

Sumisho Computer Systems Corp.

  6,800     113,570

Sumitomo Bakelite Co., Ltd. (b)

  39,000     205,978

Sumitomo Densetsu Co., Ltd.

  10,500     53,982

Sumitomo Light Metal Industries, Ltd.

  125,000     124,722

Sumitomo Mitsui Construction Co., Ltd. (a)

  107,000     100,217

Sumitomo Osaka Cement Co., Ltd. (b)

  139,000     262,216

Sumitomo Pipe & Tube Co., Ltd.

  11,100     64,976

Sumitomo Precision Products Co., Ltd. (b)

  12,000     44,340

Sumitomo Real Estate Sales Co., Ltd.

  2,530     89,830

Sumitomo Seika Chemicals Co., Ltd.

  20,000     85,834

Sunx, Ltd.

  12,600     44,851

SWCC Showa Holdings Co., Ltd.

  112,000     116,411

SxL Corp. (a)

  40,000     24,103

SystemPro Co., Ltd.

  50     24,572

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

Met/Dimensional International Small Company Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares   Value
   

Japan—(Continued)

   

T Hasegawa Co., Ltd.

  9,100   $ 154,398

T RAD Co., Ltd.

  29,000     74,378

T-GAIA Corp. (b)

  61     97,818

Tachi-S Co., Ltd.

  10,800     90,016

Tachibana Eletech Co., Ltd.

  6,700     53,652

Tadano, Ltd. (b)

  47,000     230,726

Taihei Dengyo Kaisha, Ltd.

  14,000     169,791

Taihei Kogyo Co., Ltd.

  22,000     67,351

Taiho Kogyo Co., Ltd.

  11,900     90,749

Taikisha, Ltd. (b)

  10,900     146,273

Taisei Lamick Co., Ltd.

  1,900     47,543

Taisei Rotec Corp.

  38,000     52,900

Taiyo Ink Manufacturing Co., Ltd.

  2,300     58,526

Taiyo Yuden Co., Ltd. (b)

  27,000     316,623

Takamatsu Construction Group Co., Ltd.

  6,000     96,215

Takano Co., Ltd.

  6,600     43,411

Takaoka Electric Manufacturing Co., Ltd. (b)

  30,000     102,985

Takara Holdings, Inc.

  7,000     48,302

Takara Printing Co., Ltd.

  3,100     27,209

Takara Standard Co., Ltd. (b)

  35,000     211,125

Takasago International Corp. (b)

  29,000     163,696

Takasago Thermal Engineering Co., Ltd. (b)

  20,000     173,221

Takata Corp.

  10,800     196,652

Takiron Co., Ltd. (b)

  19,000     55,710

Takuma Co., Ltd.

  30,000     84,823

Tamura Corp.

  27,000     93,008

Tatsuta Electric Wire and Cable Co., Ltd.

  30,000     77,718

Tayca Corp.

  12,000     37,448

TCM Corp.

  37,000     78,872

Teac Corp. (a)

  62,000     27,410

TECHNO ASSOCIE Co., Ltd.

  300     2,410

Techno Ryowa, Ltd.

  4,700     27,009

Tecmo Koei Holdings Co., Ltd.

  13,700     110,706

Teikoku Electric Manufacturing Co., Ltd. (b)

  3,700     71,091

Teikoku Piston Ring Co., Ltd.

  7,900     37,555

Teikoku Sen-I Co., Ltd.

  8,000     46,304

Teikoku Tsushin Kogyo Co., Ltd.

  20,000     53,268

Tekken Corp.

  59,000     50,678

Ten Allied Co., Ltd.

  2,600     9,094

Tenma Corp.

  9,100     111,207

Teraoka Seisakusho Co., Ltd.

  100     479

The Aichi Bank, Ltd.

  3,000     269,598

The Akita Bank, Ltd.

  64,000     259,482

The Aomori Bank, Ltd. (b)

  54,000     216,299

The Awa Bank, Ltd. (b)

  72,000     414,420

The Bank of Iwate, Ltd.

  5,100     275,813

The Bank of Nagoya, Ltd.

  60,000     259,178

The Bank of Okinawa, Ltd.

  6,400     226,904

The Bank of Saga, Ltd.

  54,000     167,767

The Chiba Kogyo Bank, Ltd. (a)

  17,000     138,429

The Chukyo Bank, Ltd.

  57,000     179,451

The Daiei, Inc. (a) (b)

  22,550     91,611

The Daisan Bank, Ltd.

  56,000     132,948

The Daito Bank, Ltd.

  46,000     37,819

The Ehime Bank, Ltd. (b)

  54,000     150,382

The Eighteenth Bank, Ltd. (b)

  71,000     212,059

The Fuji Fire & Marine Insurance Co., Ltd.

  78,000     91,841
Security Description   Shares   Value
   

Japan—(Continued)

   

The Fukui Bank, Ltd.

  77,000   $ 251,541

The Fukushima Bank, Ltd.

  90,000     53,894

The Higashi-Nippon Bank, Ltd.

  62,000     129,831

The Higo Bank, Ltd.

  34,000     200,781

The Hokkoku Bank, Ltd.

  107,000     447,742

The Hokuetsu Bank, Ltd. (b)

  73,000     139,818

The Hyakugo Bank, Ltd.

  77,000     396,319

The Hyakujushi Bank, Ltd.

  33,000     149,109

The Japan Wool Textile Co., Ltd. (b)

  30,000     227,301

The Juroku Bank, Ltd.

  114,000     390,376

The Keihin Co., Ltd.

  22,000     29,249

The Keiyo Bank, Ltd.

  20,000     102,183

The Kita-Nippon Bank, Ltd.

  3,200     98,903

The Maruetsu, Inc. (a)

  32,000     156,785

The Michinoku Bank, Ltd.

  56,000     127,706

The Minato Bank, Ltd.

  76,000     105,901

The Miyazaki Bank, Ltd. (b)

  49,000     204,624

The Musashino Bank, Ltd.

  10,700     324,496

The Nagano Bank, Ltd.

  27,000     60,397

The Nippon Road Co., Ltd.

  36,000     82,352

The Nippon Synthetic Chemical Industry Co., Ltd.

  28,000     191,169

The Nisshin Oillio Group, Ltd. (b)

  38,000     207,123

The Ogaki Kyoritsu Bank, Ltd. (b)

  75,000     258,521

The Oita Bank, Ltd.

  46,000     179,787

The Okinawa Electric Power Co., Inc.

  5,000     298,681

The Pack Corp.

  4,600     70,161

The Sankei Building Co., Ltd.

  13,100     87,770

The Shibusawa Warehouse Co., Ltd. (b)

  17,000     64,573

The Shikoku Bank, Ltd. (b)

  58,000     207,054

The Shimizu Bank, Ltd.

  3,200     131,595

The Sumitomo Warehouse Co., Ltd. (b)

  50,000     241,407

The Tochigi Bank, Ltd.

  46,000     223,175

The Toho Bank, Ltd. (b)

  63,000     280,463

The Tohoku Bank, Ltd.

  25,000     40,009

The Tokushima Bank, Ltd. (b)

  34,000     139,311

The Tokyo Tomin Bank, Ltd.

  11,100     180,568

The Torigoe Co., Ltd.

  8,200     70,984

The Tottori Bank, Ltd.

  25,000     68,900

The Towa Bank, Ltd.

  90,000     58,862

The Yachiyo Bank, Ltd. (b)

  7,300     222,546

The Yamagata Bank, Ltd.

  48,000     247,330

The Yamanashi Chuo Bank, Ltd.

  52,000     251,403

The Yasuda Warehouse Co., Ltd.

  5,800     43,637

Tigers Polymer Corp.

  2,200     10,330

TKC

  5,800     126,665

Toa Corp.

  80,000     91,456

Toa Oil Co., Ltd.

  37,000     50,191

Toagosei Co., Ltd.

  76,000     258,160

Tobishima Corp. (a)

  207,000     73,546

Tobu Store Co., Ltd.

  14,000     45,740

TOC Co., Ltd.

  39,500     173,031

Tocalo Co., Ltd.

  5,300     95,872

Toda Corp.

  81,000     285,104

Toda Kogyo Corp. (b)

  20,000     161,129

Toei Co., Ltd.

  20,000     112,479

Toenec Corp.

  16,000     99,284

Toho Co., Ltd.

  17,000     64,252

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

Met/Dimensional International Small Company Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares   Value
   

Japan—(Continued)

   

Toho Holdings Co., Ltd.

  10,300   $ 142,126

Toho Real Estate Co., Ltd.

  5,400     31,063

Toho Titanium Co., Ltd. (b)

  10,000     134,807

Toho Zinc Co., Ltd.

  61,000     290,536

Tokai Carbon Co., Ltd.

  28,000     131,796

Tokai Corp.

  14,000     71,264

Tokai Rika Co., Ltd.

  8,900     158,810

Tokai Rubber Industries, Inc. (b)

  12,100     133,856

Tokai Tokyo Securities Co., Ltd. (b)

  73,000     228,568

Token Corp.

  630     20,446

Toko, Inc.

  37,000     58,898

Tokushu Tokai Holdings Co., Ltd.

  56,000     152,265

Tokyo Dome Corp. (b)

  76,000     232,874

Tokyo Electron Device, Ltd.

  8     10,567

Tokyo Energy & Systems, Inc.

  12,000     97,913

Tokyo Kaikan Co., Ltd.

  3,000     12,906

Tokyo Keiki, Inc.

  30,000     40,714

Tokyo Kikai Seisakusho, Ltd. (b)

  19,000     32,129

Tokyo Ohka Kogyo Co., Ltd. (b)

  13,000     292,156

Tokyo Rakutenchi Co., Ltd.

  15,000     62,426

Tokyo Rope Manufacturing Co., Ltd. (b)

  57,000     203,924

Tokyo Sangyo Co., Ltd.

  9,500     30,879

Tokyo Seimitsu Co.

  15,700     210,282

Tokyo Style Co., Ltd.

  21,000     180,676

Tokyo Tekko Co., Ltd.

  23,000     79,211

Tokyo Theatres Co., Inc.

  17,000     32,763

Tokyotokeiba Co., Ltd.

  53,000     92,603

Tokyu Community Corp.

  4,300     98,248

Tokyu Construction Co., Ltd.

  31,280     92,732

Tokyu Livable, Inc.

  5,100     42,788

Toli Corp.

  22,000     48,586

Tomato Bank, Ltd.

  33,000     80,232

Tomen Electronics Corp.

  5,000     56,293

Tomoe Corp.

  13,400     35,760

Tomoegawa Co., Ltd.

  11,000     27,606

Tomoku Co., Ltd.

  32,000     74,610

Tomy Co., Ltd. (b)

  21,000     173,535

TONAMI HOLDINGS Co., Ltd.

  33,000     89,739

Topcon Corp. (b)

  15,800     72,220

Topre Corp.

  16,700     154,848

Topy Industries, Ltd.

  90,000     198,307

Torii Pharmaceutical Co., Ltd.

  6,000     114,962

Torishima Pump Manufacturing Co., Ltd. (b)

  5,200     84,989

Toshiba Machine Co., Ltd. (b)

  53,000     194,807

Toshiba Plant Systems & Services Corp. (b)

  13,000     173,174

Toshiba TEC Corp.

  42,000     196,584

Tosho Printing Co., Ltd.

  29,000     74,319

Totetsu Kogyo Co., Ltd.

  7,000     49,437

Toukei Computer Co., Ltd.

  2,400     31,820

Towa Pharmaceutical Co., Ltd. (b)

  3,200     157,378

Toyo Construction Co., Ltd. (a)

  93,000     48,580

Toyo Corp.

  9,600     98,553

Toyo Electric Manufacturing Co., Ltd.

  12,000     112,004

Toyo Engineering Corp. (b)

  41,000     139,005

Toyo Ink Manufacturing Co., Ltd.

  69,000     257,383

Toyo Kanetsu K K

  50,000     94,986

Toyo Kohan Co., Ltd.

  25,000     108,867
Security Description   Shares   Value
   

Japan—(Continued)

   

Toyo Securities Co., Ltd.

  31,000   $ 63,642

Toyo Sugar Refining Co., Ltd.

  9,000     13,303

Toyo Tanso Co., Ltd. (b)

  3,500     180,388

Toyo Tire & Rubber Co., Ltd.

  60,000     143,577

Toyo Wharf & Warehouse Co., Ltd.

  27,000     51,033

Toyobo Co., Ltd. (b)

  189,000     323,508

Trans Cosmos, Inc.

  9,800     89,955

Trinity Industrial Corp.

  1,000     5,359

Trusco Nakayama Corp.

  7,500     129,556

TS Tech Co., Ltd.

  8,900     156,509

Tsubakimoto Chain Co

  61,000     247,578

Tsugami Corp.

  23,000     43,883

Tsukishima Kikai Co., Ltd.

  11,000     71,155

Tsuruha Holdings, Inc.

  4,200     174,735

Tsurumi Manufacturing Co., Ltd.

  10,000     75,199

Tsutsumi Jewelry Co., Ltd.

  4,200     98,192

TV Tokyo Corp.

  1,300     37,389

TYK Corp.

  6,000     13,361

U-Shin, Ltd.

  12,700     66,645

Ube Material Industries, Ltd.

  15,000     40,394

Uchida Yoko Co., Ltd.

  23,000     76,039

Ulvac, Inc. (b)

  10,000     262,498

Unicafe, Inc.

  700     7,810

Unicharm Petcare Corp.

  4,500     167,431

Uniden Corp. (b)

  29,000     67,462

Unimat Life Corp.

  7,600     81,545

Union Tool Co. (b)

  3,700     117,974

United Arrows, Ltd.

  1,700     14,957

Unitika, Ltd.

  159,000     141,675

Uoriki Co., Ltd.

  1,500     18,100

Utoc Corp.

  8,600     25,789

Valor Co., Ltd.

  14,200     129,360

Vital KSK Holdings, Inc.

  13,300     78,076

Wacom Co., Ltd. (b)

  79     187,359

Wakamoto Pharmaceutical Co., Ltd.

  9,000     35,957

Warabeya Nichiyo Co., Ltd.

  5,000     65,562

Watabe Wedding Corp.

  2,600     37,152

WATAMI Co., Ltd. (b)

  7,200     151,513

Weathernews, Inc.

  2,700     43,118

Wood One Co., Ltd.

  15,000     48,588

Xebio Co., Ltd. (b)

  8,700     204,382

Yahagi Construction Co., Ltd. (b)

  13,000     88,619

Yaizu Suisankagaku Industry Co., Ltd.

  4,400     56,958

YAMABIKO Corp.

  3,600     48,510

Yamatane Corp.

  38,000     57,811

Yamato Corp.

  12,000     41,374

Yamazen Corp. (b)

  20,200     74,617

Yaoko Co., Ltd.

  3,200     115,963

Yellow Hat, Ltd.

  7,000     69,812

Yodogawa Steel Works, Ltd.

  43,000     180,610

Yokogawa Bridge Holdings Corp.

  14,000     112,734

Yokohama Reito Co., Ltd.

  15,000     105,887

Yokowo Co., Ltd.

  7,700     50,501

Yomeishu Seizo Co., Ltd.

  6,000     58,887

Yomiuri Land Co., Ltd. (b)

  13,000     47,783

Yondenko Corp.

  12,000     64,618

Yonekyu Corp.

  7,500     77,578

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

Met/Dimensional International Small Company Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares   Value
   

Japan—(Continued)

   

Yonex Co., Ltd.

  5,900   $ 44,806

Yorozu Corp.

  8,600     115,373

Yoshimoto Kogyo Co., Ltd.

  10,100     150,973

Yoshinoya Holdings Co., Ltd.

  153     184,609

Yuasa Trading Co., Ltd.

  74,000     81,398

Yuken Kogyo Co., Ltd.

  16,000     24,559

Yuki Gosei Kogyo Co., Ltd.

  6,000     18,416

Yukiguni Maitake Co., Ltd.

  8,200     38,453

Yurtec Corp.

  17,000     111,396

Yusen Air & Service Co., Ltd. (b)

  4,900     63,432

Yushin Precision Equipment Co., Ltd.

  3,100     54,037

Yushiro Chemical Industry Co., Ltd. (b)

  3,400     49,212

Zenrin Co., Ltd. (b)

  7,800     113,755

Zensho Co., Ltd. (b)

  21,500     149,144

Zeon Corp. (b)

  42,000     191,175

ZERIA Pharmaceutical Co., Ltd. (b)

  10,000     109,515

Zuken, Inc.

  7,800     60,501
       
      112,562,962
       

Jersey—0.8%

   

Beazley, Plc.

  386,682     730,470

Charter International, Plc.

  37,763     414,835

Henderson Group, Plc.

  436,102     902,634

Informa, Plc.

  316,626     1,597,943

Regus, Plc.

  61,047     97,966
       
      3,743,848
       

Luxembourg—0.2%

   

Acergy S.A. (NOK)

  28,200     356,312

Colt Telecom Group S.A. (GBP) (a)

  208,005     395,712

Oriflame Cosmetics S.A. (SEK)

  804     41,135
       
      793,159
       

Netherlands—3.0%

   

Accell Group

  4,082     194,434

Arcadis NV

  21,457     393,835

ASM International NV

  23,464     432,166

Beter BED Holding NV

  7,862     151,812

Brunel International

  5,017     171,442

Crucell NV (a)

  24,685     566,403

Draka Holding

  8,139     151,483

Exact Holding NV

  5,521     144,784

Fugro NV

  39,425     2,280,093

Gemalto NV (a)

  41,332     1,927,212

Grontmij

  5,982     162,001

ICT Automatisering NV

  455     2,709

Imtech NV

  25,946     662,146

Innoconcepts (b)

  9,190     31,846

KAS Bank NV

  5,561     104,259

Kendrion NV

  2,301     32,829

Koninklijke BAM Groep NV

  52,577     607,905

Koninklijke Boskalis Westminster NV

  11,364     388,724

Koninklijke Vopak NV

  17,404     1,131,172

Macintosh Retail Group NV

  1,117     23,152

Nederland Apparatenfabriek

  697     17,691

Nutreco Holdings NV (b)

  13,651     664,325
Security Description   Shares   Value
   

Netherlands—(Continued)

   

OPG Groep NV

  23,857   $ 395,560

Pharming Group NV (a)

  42,017     33,720

Punch Graphix NV

  10,815     23,480

SBM Offshore NV

  83,663     1,781,734

Sligro Food Group NV

  9,470     276,691

SNS Reaal

  4,862     39,301

Super De Boer (a)

  28,602     173,374

Telegraaf Media Groep NV

  4,939     93,998

Ten Cate NV (b)

  11,470     252,650

TKH Group NV

  13,266     221,370

Unit 4 Agresso NV

  11,050     238,398

USG People NV

  26,627     553,362

Wavin NV

  9,752     21,254
       
      14,347,315
       

New Zealand—0.6%

   

Air New Zealand, Ltd.

  118,686     103,585

Auckland International Airport, Ltd.

  353,773     474,852

Ebos Group, Ltd.

  8,438     35,944

Fisher & Paykel Appliances Holdings, Ltd.

  203,400     101,198

Fisher & Paykel Healthcare Corp., Ltd.

  90,512     214,498

Freightways, Ltd. (b)

  54,979     121,700

Infratil, Ltd.

  153,002     185,608

Mainfreight, Ltd.

  39,750     152,651

Michael Hill International, Ltd.

  13,427     6,781

New Zealand Oil & Gas, Ltd. (a)

  136,327     160,373

Nuplex Industries, Ltd.

  21,000     37,034

NZX, Ltd.

  7,095     41,801

PGG Wrightson, Ltd. (b)

  58,658     27,147

Pike River Coal, Ltd. (a)

  49,009     36,135

Port of Tauranga, Ltd.

  32,005     156,596

Rubicon, Ltd. (a)

  1,637     1,361

Ryman Healthcare, Ltd.

  93,887     124,222

Sanford, Ltd.

  314     1,134

Sky City Entertainment, Ltd.

  213,357     501,270

Sky Network Television, Ltd.

  40,652     139,314

The New Zealand Refining Co., Ltd.

  23,241     77,589

The Warehouse Group, Ltd. (b)

  42,287     128,254

Tower, Ltd. (a)

  53,301     64,240

Vector, Ltd.

  96,678     131,993
       
      3,025,280
       

Norway—1.0%

   

Aktiv Kapital ASA

  4,667     32,355

Austevoll Seafood ASA

  16,130     95,771

Blom AS (a)

  19,000     49,429

Bonheur ASA

  200     5,705

Camillo Eitzen & Co. ASA

  4,200     4,990

Cermaq ASA

  33,976     275,712

Copeinca ASA (a)

  12,800     62,834

Deep Sea Supply, Plc. (a)

  14,000     21,705

Det Norske Oljeselskap ASA (a)

  7,000     60,982

DNO International ASA (b)

  462,000     324,355

DOF ASA

  18,020     110,457

Eitzen Chemical ASA (a)

  42,083     15,763

Ekornes ASA

  3,531     60,489

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

Met/Dimensional International Small Company Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares   Value
   

Norway—(Continued)

   

Ementor ASA (a)

  33,800   $ 213,834

Farstad Shipping ASA

  2,200     48,689

Ganger Rolf ASA

  8,800     228,646

Leroy Seafood Group ASA

  2,700     47,964

Nordic Semiconductor ASA

  1,000     6,921

Norse Energy Corp. ASA (a)

  48,000     33,988

Norske Skogindustrier ASA (b)

  87,500     173,843

Norwegian Air Shuttle AS (a)

  8,200     161,932

Odfjell SE (Series A)

  1,800     14,514

ODIM ASA (a)

  12,900     72,661

Opera Software ASA (b)

  10,600     41,302

Petroleum Geo-Services ASA (a)

  71,000     695,329

Petrolia Drilling ASA (a)

  330,000     29,714

Pronova BioPharma AS (a)

  45,283     137,394

Q-Free ASA (a)

  8,000     28,944

Scana Industrier

  51,722     67,354

Sevan Marine ASA (a)

  119,800     185,442

Solstad Offshore ASA

  4,500     75,168

SpareBank 1 SMN

  28,459     238,968

TGS Nopec Geophysical Co. ASA (a)

  38,800     580,296

Tomra Systems ASA

  45,000     210,627

Veidekke ASA

  64,000     479,937

Wilh Wilhelmsen ASA

  900     19,482
       
      4,913,496
       

Portugal—0.7%

   

Altri SGPS S.A. (b)

  32,303     194,850

Banco BPI S.A.

  96,671     341,530

Banif S.A. (b)

  13,296     26,665

Finibanco Holding SGPS S.A.

  16,163     40,211

Inapa-Invest Particip Gesta

  63,187     63,711

Mota Engil SGPS S.A.

  30,466     169,569

Novabase SGPS S.A. (a)

  7,827     54,982

Portucel Empresa Produtora de Pasta e Papel S.A.

  118,253     363,584

REN - Redes Energeticas Nacionais S.A.

  37,103     162,658

S.A.G GEST-Solucoes Automovel Globais SGPS S.A.

  14,436     28,892

Semapa-Sociedade de Investimento e Gestao

  28,354     321,370

Sonae Industria SGPS S.A. (a) (b)

  24,230     89,708

Sonae SGPS S.A.

  621,500     860,270

Sonaecom SGPS S.A. (a)

  42,420     126,626

Teixeira Duarte-Engenharia Construcoes S.A.

  101,510     162,477

Zon Multimedia Servicos de Telecomunicacoes e Multimedia SGPS S.A. (b)

  57,902     392,919
       
      3,400,022
       

Singapore—1.5%

   

Allgreen Properties, Ltd.

  324,000     256,883

ASL Marine Holdings, Ltd.

  48,000     35,198

Bukit Sembawang Estates, Ltd.

  23,000     81,159

Cerebos Pacific, Ltd.

  38,000     89,164

Chartered Semiconductor Manufacturing, Ltd. (a) (b)

  168,830     310,026

China Energy, Ltd.

  185,000     36,493

Chuan Hup Holdings, Ltd.

  125,000     27,778

Cosco Corp. Singapore, Ltd. (b)

  290,000     244,586

Creative Technology, Ltd.

  28,450     124,902
Security Description   Shares   Value
   

Singapore—(Continued)

   

CSE Global, Ltd. (a)

  194,000   $ 108,721

CWT, Ltd.

  78,000     36,003

Ezra Holdings, Ltd.

  214,000     283,396

Food Empire Holdings, Ltd.

  43,000     10,223

Gallant Venture, Ltd. (a)

  325,000     84,014

Goodpack, Ltd. (b)

  117,000     83,370

Guocoland, Ltd. (b)

  37,000     56,808

Hi-P International, Ltd.

  132,000     66,710

Ho Bee Investment, Ltd.

  161,000     159,474

Hong Leong Asia, Ltd.

  6,000     9,098

Hotel Plaza, Ltd.

  84,000     85,268

Hotel Properties, Ltd.

  100,000     164,144

Hyflux, Ltd. (b)

  160,000     344,676

Jaya Holdings, Ltd.

  154,000     49,903

K1 Ventures, Ltd. (a)

  483,000     64,762

Keppel Telecommunications & Transportation, Ltd.

  67,000     68,571

Kim Eng Holdings, Ltd.

  148,000     209,782

KS Energy Services, Ltd.

  72,000     61,813

Low Keng Huat Singapore, Ltd.

  123,000     32,201

MediaRing, Ltd. (a)

  261,000     42,160

Metro Holdings, Ltd.

  195,000     99,739

Midas Holdings, Ltd.

  187,000     112,869

MobileOne, Ltd.

  142,000     178,251

Orchard Parade Holdings, Ltd.

  35,000     26,659

Parkway Holdings, Ltd.

  265,000     387,836

Petra Foods, Ltd. (b)

  75,000     44,959

Raffles Education Corp., Ltd.

  480,437     172,527

Raffles Medical Group, Ltd.

  45,000     43,381

SC Global Developments, Ltd. (b)

  106,000     120,205

Singapore Land, Ltd.

  42,000     161,094

Singapore Post, Ltd.

  467,000     306,118

SMRT Corp., Ltd.

  256,000     305,064

Stamford Land Corp., Ltd.

  86,000     25,325

Straits Asia Resources, Ltd. (b)

  218,000     326,309

Tat Hong Holdings, Ltd. (b)

  124,000     91,762

United Engineers, Ltd.

  82,000     98,371

UOB-Kay Hian Holdings, Ltd.

  99,000     105,673

UOL Group, Ltd.

  207,000     501,899

Venture Corp., Ltd.

  81,000     514,682

WBL Corp, Ltd.

  1,000     3,378

Wheelock Properties S, Ltd.

  130,000     161,347

Wing Tai Holdings, Ltd.

  284,000     335,656
       
      7,350,390
       

Spain—2.4%

   

Abengoa S.A. (b)

  18,306     529,300

Amper S.A.

  9,031     100,555

Antena 3 de Television S.A. (b)

  36,795     389,528

Avanzit S.A.

  61,530     84,307

Azkoyen S.A. (a) (b)

  1,608     8,056

Banco Guipuzcoano S.A.

  47,543     389,506

Banco Pastor S.A. (b)

  57,319     469,233

Baron de Ley (a)

  1,446     77,935

Bolsas y Mercados Espanoles

  43,161     1,681,233

Campofrio Alimentacion S.A.

  13,123     137,106

Cementos Portland Valderrivas S.A.

  5,084     265,789

Construcciones y Auxiliar de Ferrocarriles S.A.

  806     410,447

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

Met/Dimensional International Small Company Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares   Value
   

Spain—(Continued)

   

Corp. Dermoestetica (a)

  5,190   $ 27,730

Duro Felguera S.A.

  27,918     297,748

Ebro Puleva S.A.

  53,361     1,014,936

Elecnor S.A.

  1,881     34,464

Ercros S.A. (a)

  508,403     142,696

Faes Farma S.A. (b)

  54,495     349,139

General de Alquiler de Maquinaria (a)

  2,424     25,277

Gestevision Telecino S.A. (b)

  31,078     392,352

Grupo Catalana Occidente S.A.

  29,746     729,095

Grupo Empresarial Ence S.A. (b)

  41,033     185,614

La Seda de Barcelona S.A. (b)

  328,744     163,507

Laboratorios Almirall S.A. (a)

  35,719     463,637

Mecalux S.A.

  2,029     32,955

Miquel y Costas & Miquel S.A.

  3,963     93,195

Natra S.A.

  7,533     36,483

Natraceutical S.A. (a)

  73,246     56,159

NH Hoteles S.A. (b)

  45,304     300,478

Obrascon Huarte Lain S.A.

  14,969     417,335

Papeles y Cartones de Europa S.A.

  16,521     97,252

Pescanova S.A.

  2,450     89,323

Prim S.A.

  3,013     32,794

Prosegur Cia de Seguridad S.A.

  7,369     293,275

Realia Business S.A.

  74,911     216,522

Sociedad Nacional de Industrias Apicaciones Celulosa Espanola S.A. (a)

  34,412     86,606

Sol Melia S.A.

  29,329     296,509

SOS Cuetara S.A. (b)

  17,337     85,695

Telecomunicaciones y Energia (a)

  13,592     67,300

Tubacex S.A.

  6,426     31,772

Tubos Reunidos S.A.

  6,961     24,860

Unipapel S.A.

  558     9,043

Vidrala S.A.

  7,759     200,340

Viscofan S.A.

  15,913     387,411

Zeltia S.A. (b)

  56,742     401,561
       
      11,626,058
       

Sweden—2.5%

   

AarhusKarlshamn AB

  12,245     235,445

Acando AB (b)

  35,170     72,113

Active Biotech AB (a)

  18,626     155,029

AddTech AB

  2,452     34,810

AF AB

  7,996     197,089

Axfood AB

  12,514     346,271

Axis Communications AB

  20,453     216,632

B&B Tools AB

  8,370     94,162

BE Group AB

  7,115     45,065

Beijer AB G&L

  2,929     74,965

Beijer Alma AB

  9,174     105,283

Bilia AB

  297     2,256

Billerud AB (b)

  26,100     140,447

Billerud AB (Subscription Shares) (a)

  26,100     139,518

BioGaia AB (a)

  5,910     71,060

Biotage AB (a)

  9,068     9,038

Biovitrum AB (a)

  13,716     117,916

Boliden AB

  111,995     1,205,642

Cardo AB

  7,973     195,080
Security Description   Shares   Value
   

Sweden—(Continued)

   

Clas Ohlson AB

  12,321   $ 220,050

Concordia Maritime AB

  1,978     5,474

Elekta AB (b)

  32,280     625,563

Enea AB (a)

  3,097     18,906

Eniro AB

  37,693     197,127

Fagerhult AB

  1,178     21,941

Gunnebo AB

  1,759     8,674

Hakon Invest AB

  8,942     139,238

Haldex AB

  9,122     84,747

Hexagon AB

  58,435     698,230

HIQ International AB

  18,611     78,632

Hoganas AB

  11,748     196,794

Holmen AB (Series B)

  5,453     150,195

Industrial & Financial Systems

  11,624     104,629

Indutrade AB

  4,282     83,356

Intrum Justitia AB (b)

  32,250     360,785

JM AB (b)

  22,829     281,867

KappAhl Holding AB

  25,400     181,218

Lindab International AB

  25,745     318,513

Loomis AB (b)

  7,463     73,320

Lundin Petroleum AB (a)

  13,522     109,700

Meda AB

  48,129     431,304

Medivir AB (a)

  4,728     44,087

Mekonomen AB

  6,461     118,498

Modern Times Group AB

  8,453     365,597

Munters AB

  22,041     158,121

NCC AB

  35,429     540,486

Net Insight AB (a)

  3,002     2,237

Nibe Industrier AB

  33,200     336,964

Nobia AB

  56,746     311,612

Nolato AB

  7,298     57,314

ORC Software AB

  1,967     37,538

PA Resources AB (a) (b)

  31,913     122,968

Peab AB

  64,294     440,330

Proffice AB (a)

  32,500     101,024

Q-Med AB

  29,800     175,137

Rederi AB Transatlantic

  6,507     24,830

Rezidor Hotel Group AB

  48,455     173,358

rnb Retail & Brands AB (b)

  25,760     27,444

SAS AB (a) (b)

  630,000     447,848

Seco Tools

  1,054     14,662

Sensys Traffic AB

  69,928     28,261

Skanditek Industriforvaltning AB

  2,946     8,403

SkiStar AB

  8,016     144,780

Studsvik AB

  3,095     27,555

Sweco AB

  15,485     128,871

Trelleborg AB

  9,474     54,840
       
      11,740,849
       

Switzerland—4.7%

   

Acino Holding AG

  1,088     200,686

Advanced Digital Broadcast Holdings S.A. (a)

  1,435     77,312

Affichage Holding Genf

  238     28,243

AFG Arbonia-Forster Holding

  587     12,734

Allreal Holding AG

  3,914     480,088

Aryzta AG

  17,492     709,378

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

Met/Dimensional International Small Company Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares   Value
   

Switzerland—(Continued)

   

Ascom Holding AG

  5,888   $ 72,218

Bachem Holding AG

  1,216     82,133

Bank Coop AG

  1,165     83,837

Bank Sarasin & Cie AG

  17,000     707,066

Banque Cantonale de Geneve

  98     22,663

Banque Cantonale Vaudoise

  2,412     993,117

Banque Privee Edmond de Rothschild S.A.

  3     81,860

Barry Callebaut AG

  625     370,185

Basilea Pharmaceutica (a) (b)

  3,755     378,064

Belimo Holding AG

  12     11,851

Bell Holding AG

  30     44,824

Bellevue Group AG

  2,312     89,809

Berner Kantonalbank AG

  1,577     354,177

Bobst group AG

  4,586     176,340

Bossard Holding AG

  312     18,802

Bucher Industries AG

  1,360     151,354

Burckhardt Compression Holding AG

  75     12,293

Card Guard AG (a)

  4,907     99,158

Centralschweizerische Kraftwerke AG

  183     63,438

Charles Voegele Holding AG

  848     37,168

Clariant AG

  120,115     1,090,892

Compagnie Financiere Tradition S.A.

  116     14,787

Conzzeta AG

  29     51,400

Cytos Biotechnology AG (a)

  2,344     44,065

Daetwyler Holding AG

  2,001     115,613

Dufry Group

  4,487     251,001

Edipresse S.A.

  41     10,164

EFG International AG (b)

  21,443     386,349

Elektrizitaets-Gesellschaft Laufenburg AG

  98     103,898

Emmi AG

  550     67,136

EMS-Chemie Holding AG

  4,437     492,872

Energiedienst Holding AG

  2,585     150,038

Flughafen Zuerich AG

  1,441     419,486

Forbo Holding AG

  1,281     347,030

Galenica AG (b)

  2,299     808,732

Georg Fischer AG (a) (b)

  2,055     538,893

Gurit Holding AG

  212     137,555

Helvetia Holding AG

  2,268     762,196

Interroll Holding AG

  66     19,161

Kaba Holding AG

  73     17,878

Kardex AG

  1,981     67,803

Komax Holding AG

  1,309     98,430

Kudelski S.A.

  24,724     573,973

Kuoni Reisen Holding AG

  174     64,547

LEM Holding S.A.

  133     33,312

Logitech International S.A. (a) (b)

  33,490     611,946

Luzerner Kantonalbank AG

  719     192,641

Metall Zug AG

  25     60,953

Meyer Burger Technology AG (a)

  241     58,175

Micronas Semiconductor Holding AG

  7,220     30,783

Mikron Holding AG (a)

  474     3,162

Mobilezone Holding AG

  2,961     22,431

Mobimo Holding AG (a)

  1,420     224,854

Nobel Biocare Holding AG

  50,446     1,669,980

OC Oerlikon Corp. AG (a) (b)

  5,941     485,221

Orell Fuessli Holding AG

  86     11,973

Panalpina Welttransport Holding AG

  5,159     426,208
Security Description   Shares   Value
   

Switzerland—(Continued)

   

Partners Group Holding AG (b)

  7,688   $ 937,403

Petroplus Holdings AG (b)

  12,854     323,588

Phoenix Mecano AG

  179     71,564

Precious Woods Holding AG (a)

  752     30,057

PubliGroupe AG

  30     3,436

Rieter Holding AG

  205     46,419

Romande Energie Holding S.A.

  95     196,750

Schaffner Holding AG

  238     38,970

Schulthess Group

  4,176     248,887

Schweizerische National-Versicherungs-Gesellschaft

  4,473     132,395

Siegfried Holding AG

  826     75,656

Sika AG

  483     652,060

St. Galler Kantonalbank

  839     382,630

Straumann Holding AG (b)

  1,231     319,476

Sulzer AG

  5,660     488,580

Swisslog Holding AG (a)

  159,223     144,206

Swissquote Group Holding S.A.

  6,915     368,128

Tamedia AG

  242     18,431

Tecan Group AG

  3,856     237,944

Temenos Group AG (a) (b)

  30,376     712,929

Valiant Holding

  830     162,782

Valora Holding AG

  1,021     243,083

Vaudoise Assurances Holding S.A.

  57     10,681

Verwaltungs- und Privat-Bank AG

  2,343     272,829

Von Roll Holding AG (b)

  3,690     27,701

Vontobel Holding AG

  8,913     297,390

VZ Holding AG

  171     12,389

Walliser Kantonalbank

  96     51,814

Walter Meier AG

  50     4,330

Ypsomed Holding AG (a)

  273     17,898

Zehnder Group AG

  73     83,100

Zuger Kantonalbank AG

  1     4,096
       
      22,441,938
       

United Kingdom—16.1%

   

A.G.BARR, Plc.

  438     5,684

Aberdeen Asset Management, Plc. (b)

  482,394     1,158,435

Aegis Group, Plc.

  169,785     305,135

Aga Rangemaster Group, Plc.

  10,039     23,090

Aggreko, Plc. (b)

  57,424     645,673

Air Partner, Plc.

  992     9,480

Alterian, Plc. (a)

  16,484     46,531

Anglo Pacific Group, Plc.

  20,324     67,244

Anite, Plc.

  88,686     50,327

Antisoma, Plc. (a)

  417,909     235,794

Arena Leisure, Plc.

  56,506     24,188

Ark Therapeutics Group, Plc. (a) (b)

  62,448     42,755

ARM Holdings, Plc.

  194,405     449,187

Arriva, Plc.

  50,769     407,518

Ashmore Group, Plc.

  52,816     212,021

Ashtead Group, Plc.

  87,993     121,093

Atkins WS, Plc.

  76,087     765,143

Aveva Group, Plc.

  36,046     529,989

Axis-Shield, Plc. (a)

  9,780     66,384

Babcock International Group (b)

  150,101     1,367,507

Balfour Beatty, Plc.

  21,040     108,362

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

Met/Dimensional International Small Company Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares   Value
   

United Kingdom—(Continued)

   

Barratt Developments, Plc. (a)

  14,450   $ 56,744

BBA Avation, Plc.

  86,006     218,134

Bellway, Plc.

  34,536     459,225

Berkeley Group Holdings, Plc.

  66,819     948,601

Bioquell, Plc. (a)

  5,000     11,349

Bloomsbury Publishing, Plc.

  32,198     63,644

BlueBay Asset Management, Plc. (a)

  30,165     142,387

Bodycote, Plc.

  51,159     136,305

Bovis Homes Group, Plc.

  38,257     286,171

Braemar Shipping Services, Plc.

  1,225     7,654

Brammer, Plc.

  16,875     47,301

Brewin Dolphin Holdings, Plc.

  32,352     84,385

Brit Insurance Holdings, Plc.

  236,057     770,726

British Polythene Industries

  3,434     12,652

Britvic, Plc.

  107,339     605,468

BSS Group, Plc.

  10,132     47,012

BTG, Plc. (a)

  68,329     198,584

Business Post Group, Plc.

  1,868     8,863

Care UK, Plc.

  4,120     24,860

Carillion, Plc.

  238,276     1,050,070

Carpetright, Plc. (b)

  22,006     282,195

Carphone Warehouse Group, Plc.

  169,209     518,025

Centaur Media, Plc.

  92,526     62,926

Charles Stanley Group, Plc.

  548     2,364

Charles Taylor Consulting, Plc.

  428     1,551

Chemring Group, Plc.

  19,679     770,053

Chesnara, Plc.

  18,755     50,793

Chloride Group (b)

  145,380     423,996

Close Brothers Group, Plc.

  98,159     1,250,309

Collins Stewart, Plc.

  37,190     44,962

Computacenter, Plc.

  42,354     217,102

Connaught, Plc.

  68,406     443,481

Consort Medical, Plc.

  18,608     129,528

Cookson Group, Plc.

  57,246     376,915

Corin Group, Plc.

  16,154     17,582

Costain Group, Plc. (a)

  63,612     29,267

Cranswick, Plc.

  1,476     15,943

Croda International (b)

  78,047     818,880

CSR, Plc. (a)

  92,553     695,319

Daily Mail & General Trust (b)

  205,019     1,509,295

Dairy Crest Group, Plc.

  49,843     305,838

Dana Petroleum, Plc. (a)

  39,556     888,529

Davis Service Group, Plc.

  52,832     339,097

De La Rue, Plc.

  9,434     135,565

Debenhams, Plc.

  598,241     729,327

Dechra Pharmaceuticals, Plc.

  9,506     65,090

Delta, Plc.

  33,416     96,018

Development Securities, Plc.

  4,832     26,173

Development Securities, Plc. (New Share Issue) (a)

  2,973     16,104

Devro, Plc.

  25,818     56,187

Dignity, Plc.

  34,648     322,542

Dimension Data Holdings, Plc.

  1,102,265     1,116,016

Diploma, Plc.

  25,948     71,845

Domino Printing Sciences

  70,471     328,393

DS Smith, Plc.

  66,460     114,221

DSG International, Plc.

  378,482     162,266

Dunelm Group, Plc.

  8,929     44,495
Security Description   Shares   Value
   

United Kingdom—(Continued)

   

E2V Technologies, Plc.

  5,594   $ 6,856

eaga, Plc.

  33,875     78,536

easyJet, Plc. (a)

  46,287     281,146

Electrocomponents, Plc.

  163,276     401,926

Elementis, Plc.

  42,661     38,335

Emerald Energy, Plc.

  16,500     197,558

Enterprise Inns, Plc.

  53,330     106,350

Euromoney Institutional Investor, Plc.

  15,106     90,348

Evolution Group, Plc.

  143,415     314,170

F&C Asset Management, Plc. (b)

  8,211     10,200

Fidessa Group, Plc.

  14,827     278,369

Filtrona, Plc.

  129,023     348,509

Forth Ports, Plc.

  22,910     443,436

Fortune Oil, Plc. (a)

  50,000     6,726

Galiform, Plc.

  345,962     438,869

Galliford Try, Plc.

  48,725     45,612

Game Group, Plc.

  36,827     94,171

Gem Diamonds, Ltd.

  9,706     36,994

Genus, Plc.

  36,981     405,658

GKN, Plc.

  500,911     913,192

Go-Ahead Group, Plc.

  15,144     343,630

Goldshield Group, Plc.

  2,518     19,014

Greene King, Plc.

  26,517     179,076

Greggs, Plc.

  51,680     330,959

Halfords Group, Plc.

  20,077     113,195

Halma, Plc.

  198,998     691,050

Hampson Industries, Plc.

  25,735     29,981

Hansard Global, Plc.

  5,368     14,255

Hardy Oil & Gas, Plc.

  562     4,267

Hardy Underwriting Bermuda, Ltd.

  4,477     21,958

Hargreaves Lansdown, Plc.

  121,563     555,387

Hays, Plc.

  900,038     1,499,748

Headlam Group, Plc.

  56,842     280,309

Helical Bar, Plc.

  19,239     115,534

Helphire, Plc.

  75,037     52,882

Heritage Oil, Plc. (a)

  50,948     401,033

Hikma Pharmaceuticals, Plc.

  82,141     616,332

Hill & Smith Holdings, Plc.

  14,160     70,696

HMV Group, Plc. (b)

  209,159     351,241

Hochschild Mining, Plc.

  24,362     122,020

Hogg Robinson Group, Plc.

  59,231     33,884

Holidaybreak, Plc.

  6,269     30,137

Homeserve, Plc.

  34,128     870,281

Hornby, Plc.

  1,884     4,080

Hunting, Plc.

  38,110     328,511

Huntsworth, Plc.

  10,759     12,869

Hyder Consulting, Plc.

  15,837     73,366

IG Group Holdings, Plc.

  112,340     600,031

Imagination Technologies Group, Plc. (a)

  17,117     45,195

IMI, Plc.

  128,598     921,580

Inchcape, Plc.

  840,573     378,905

Intermediate Capital Group, Plc.

  38,841     185,876

International Personal Finance, Plc.

  167,310     436,942

Interserve, Plc.

  78,421     289,002

IP Group, Plc. (a)

  67,003     62,210

ITE Group, Plc. (b)

  11,205     21,921

ITV, Plc.

  147,837     104,582

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

Met/Dimensional International Small Company Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares   Value
   

United Kingdom—(Continued)

   

James Fisher & Sons, Plc.

  3,380   $ 27,151

Jardine Lloyd Thompson Group, Plc. (b)

  95,216     740,460

JJB Sports, Plc.

  47,586     24,600

JKX Oil & Gas, Plc.

  21,089     93,871

John Menzies, Plc.

  6,010     32,410

John Wood Group, Plc.

  119,043     580,516

Johnston Press, Plc.

  182,050     109,244

Kcom Group, Plc.

  394,746     233,719

Keller Group, Plc.

  15,493     180,069

Kier Group, Plc.

  3,572     67,663

Kofax, Plc.

  6,198     15,571

Ladbrokes, Plc.

  336,398     1,010,136

Laird, Plc.

  41,419     138,025

Lamprell, Plc.

  8,434     23,424

Latchways, Plc.

  918     9,475

Lavendon Group, Plc.

  276     804

Logica, Plc.

  628,299     1,309,462

Marshalls, Plc.

  7,931     15,832

Marston’s, Plc.

  125,152     195,323

Mcbride, Plc.

  112,043     343,656

Meggitt, Plc.

  558,568     2,084,682

Melrose Resources, Plc.

  8,144     44,356

Michael Page International, Plc.

  93,722     502,623

Micro Focus International, Plc.

  69,300     394,743

Millennium & Copthorne Hotels, Plc.

  41,697     249,222

Misys, Plc.

  241,100     798,877

Mitchells & Butlers, Plc. (b)

  59,911     249,740

Mitie Group

  176,827     713,904

Mondi, Plc.

  308,541     1,529,114

Moneysupermarket.com Group, Plc.

  33,279     42,982

Morgan Crucible Co.

  169,517     466,910

Morgan Sindall, Plc.

  9,574     101,730

Mothercare, Plc.

  53,760     484,956

Mouchel Group, Plc.

  32,678     122,723

N. Brown Group, Plc.

  32,130     126,481

National Express Group, Plc. (b)

  95,515     731,583

NCC Group, Plc.

  6,751     45,502

Northern Foods, Plc.

  336,015     379,423

Northumbrian Water Group, Plc.

  15,871     62,628

Novae Group, Plc.

  12,630     68,716

Optos, Plc. (a)

  15,883     21,254

Oxford Instruments, Plc.

  10,252     32,888

PayPoint, Plc.

  16,746     120,586

Pennon Group, Plc.

  20,339     154,791

Persimmon, Plc.

  130,130     951,955

Peter Hambro Mining, Plc.

  8,312     120,759

Phoenix IT Group, Ltd.

  17,631     63,762

Premier Farnell, Plc. (b)

  194,041     461,592

Premier Foods, Plc.

  145,694     98,019

Premier Oil, Plc.

  31,897     618,196

Prostrakan Group, Plc. (a)

  21,679     42,910

Provident Financial, Plc.

  84,106     1,223,424

Psion, Plc.

  46,835     82,440

Punch Taverns, Plc.

  143,680     277,746

PV Crystalox Solar, Plc. (a)

  147,211     174,616

PZ Cussons, Plc.

  133,219     535,786

QinetiQ, Plc.

  197,897     445,878
Security Description   Shares   Value
   

United Kingdom—(Continued)

   

Quintain Estates & Development, Plc. (a)

  16,142   $ 54,506

Rank Group, Plc.

  256,906     367,154

Rathbone Brothers

  24,973     347,880

REA Holdings, Plc.

  1,120     6,873

Redrow, Plc.

  50,595     174,663

Renishaw, Plc.

  21,312     188,818

Renovo Group, Plc.

  13,825     5,752

Rensburg Sheppards, Plc.

  6,176     63,769

Rentokil Initial, Plc.

  93,310     170,132

Restaurant Group, Plc.

  107,334     331,489

Rightmove, Plc.

  51,550     457,718

RM, Plc.

  49,467     124,277

Robert Walters, Plc.

  12,652     41,858

Robert Wiseman Dairies, Plc.

  5,551     37,579

ROK, Plc.

  91,430     79,005

Rotork, Plc.

  45,982     832,536

RPS Group, Plc.

  53,643     193,299

Salamander Energy, Plc. (a)

  37,900     136,744

Savills, Plc.

  28,613     152,270

SDL, Plc. (a)

  17,220     99,613

Senior, Plc.

  2,841     2,807

Severfield-Rowen, Plc.

  18,156     51,915

Shanks Group, Plc.

  89,836     142,606

Skyepharma, Plc. (a)

  3,000     4,249

Smiths News, Plc.

  30,398     58,110

Soco International, Plc. (a) (b)

  6,499     147,149

Spectris, Plc.

  75,025     849,096

Spirax-Sarco Engineering, Plc.

  42,679     714,051

Spirent Communications, Plc.

  237,554     331,926

Sportech, Plc. (a)

  6,604     7,824

Sports Direct International, Plc.

  39,416     64,652

SSL International, Plc.

  124,284     1,274,088

ST Modwen Properties, Plc.

  20,598     73,212

St. James’s Place, Plc.

  86,208     360,288

Stagecoach Group, Plc.

  8,686     22,628

Sthree, Plc.

  36,383     150,836

T. Clarke, Plc.

  1,419     3,048

Ted Baker, Plc.

  2,338     16,190

Telecity Group, Plc. (a)

  18,904     96,994

Telecom Plus, Plc.

  6,811     34,569

The Vitec Group, Plc.

  7,072     41,306

The Weir Group, Plc.

  78,900     856,945

Thorntons, Plc.

  42,472     82,236

Tomkins, Plc.

  739,996     2,236,193

Topps Tiles, Plc.

  106,295     161,536

Travis Perkins, Plc.

  20,773     277,620

Tribal Group, Plc.

  14,405     22,987

Trinity Mirror, Plc.

  17,962     33,859

TT electronics, Plc.

  52,537     54,624

Tullett Prebon, Plc.

  112,046     702,076

UK Coal, Plc. (Subscription Shares) (a)

  21,455     39,654

UK Coal, Plc. (a)

  39,010     72,126

United Business Media, Ltd.

  152,069     1,139,664

UTV Media, Plc.

  54,341     86,560

Vectura Group, Plc. (a)

  35,104     47,804

Victrex, Plc.

  43,917     535,997

Vislink, Plc.

  79,800     31,924

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

Met/Dimensional International Small Company Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—(Continued)

 

    
Security Description
  Shares   Value
   

United Kingdom—(Continued)

   

VT Group, Plc.

  71,633   $ 646,497

WH Smith, Plc.

  85,603     618,013

Whitbread, Plc.

  6,816     132,629

William Hill, Plc.

  379,572     1,071,805

Wincanton, Plc.

  67,693     256,182

Wolfson Microelectronics, Plc. (a)

  84,440     186,805

WSP Group, Plc.

  13,720     79,079

Xaar, Plc.

  12,846     19,402

Xchanging, Plc.

  127,657     450,936

Yell Group, Plc. (a)

  43,101     40,554

Yule Catto & Co., Plc.

  46,758     102,757
       
      77,127,618
       

Total Common Stock
(Identified Cost $338,166,959)

      475,721,996
       
Rights—0.1%          

Australia—0.0%

   

AWB, Ltd. (a) (c)

  208,550     50,592

United Mineral Corp. (a) (d)

  663     0
       
      50,592
       

Belgium—0.0%

   

Deceuninck NV (a)

  4,353     10,189
       

Finland—0.0%

   

Amer Sports Oyj (a) (c)

  28,334     72,397
       

Germany—0.1%

   

Deutsche Wohnen AG (a)

  11,706     79,627
       

Portugal—0.0%

   

Banif SGPS S.A. (a) (c)

  13,296     1,439
       

Sweden—0.0%

   

rnb Retail & Brands AB (a) (b) (c)

  25,760     659
       

Total Rights
(Identified Cost $161,884)

      214,903
       
Warrants—0.0%          

Australia—0.0%

   

UXC, Ltd. (a)

  4,231     1,698
       

Total Warrants
(Identified Cost $0)

      1,698
       

 

Short Term Investments—9.9%    
Security Description   Shares/Par
Amount
  Value  
   

United States—9.9%

   

State Street Navigator Securities Lending Prime Portfolio (e)

    46,081,733   $ 46,081,733   

State Street Repurchase Agreement dated 09/30/09 at 0.010% to be repurchased at $1,361,000 on 10/01/09, collateralized by $1,340,000 Federal Home Loan Bank 4.375% due 09/17/10 with a value of $1,391,724.

  $ 1,361,000     1,361,000   
         

Total Short Term Investments
(Identified Cost $47,442,733)

      47,442,733   
         

Total Investments—109.4%
(Identified Cost $385,771,576) (f)

      523,381,330   

Liabilities in excess of other assets

      (44,813,965
         
Net Assets—100%     $ 478,567,365   
         

 

(a) Non-Income Producing.
(b) All or a portion of the security was on loan. As of September 30, 2009, the market value of securities loaned was $44,262,452 and the collateral received consisted of cash in the amount of $46,081,733 and non-cash collateral with a value of $282,605. 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) Zero Valued Security.
(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, 2009 was $385,771,576 and the composition of unrealized appreciation and depreciation of investment securities was $144,795,668 and $(7,185,914), respectively.
(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.
(GBP)— British Pound
(HKD)— Hong Kong Dollar
(NOK)— Norwegian Krone

 

Ten Largest Industries as of
September 30, 2009

  

Percentage of
Net Assets

Metals & Mining

   5.3%

Machinery

   5.2%

Commercial Banks

   4.4%

Construction & Engineering

   4.3%

Oil, Gas & Consumable Fuels

   4.0%

Media

   3.8%

Chemicals

   3.6%

Food Products

   3.1%

Capital Markets

   3.1%

Specialty Retail

   3.0%

 

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-103


Table of Contents

Metropolitan Series Fund, Inc.

 

Met/Dimensional International Small Company Portfolio

 

 

 

VALUATION INPUTS

 

The Portfolio is subject to the provisions of the Statement of Financial Accounting Standards No. 157, Fair Value Measurements (“FAS 157”). FAS 157 establishes a framework for measuring fair value and expands disclosures about fair value measurements in 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 Portfolio’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 investments as of September 30, 2009:

 

Description    Level 1    Level 2    Level 3    Total
Common Stock            

Australia

   $ —      $ 32,949,379    $ 415,294    $ 33,364,673

Austria

     —        5,929,089      —        5,929,089

Belgium

     —        6,102,662      —        6,102,662

Bermuda

     —        7,127,719      —        7,127,719

Canada

     —        43,502,863      —        43,502,863

Cayman Islands

     —        2,818,939      —        2,818,939

Cyprus

     —        582,810      —        582,810

Denmark

     —        4,977,906      —        4,977,906

Finland

     —        14,667,374      —        14,667,374

France

     —        23,965,988      —        23,965,988

Germany

     —        25,788,812      —        25,788,812

Greece

     —        7,975,621      —        7,975,621

Hong Kong

     —        3,839,163      —        3,839,163

Ireland

     —        5,222,358      —        5,222,358

Italy

     —        16,783,084      —        16,783,084

Japan

     —        112,562,962      —        112,562,962

Jersey

     —        3,743,848      —        3,743,848

Luxembourg

     —        793,159      —        793,159

Netherlands

     —        14,347,315      —        14,347,315

New Zealand

     —        3,025,280      —        3,025,280

Norway

     —        4,913,496      —        4,913,496

Portugal

     —        3,400,022      —        3,400,022

Singapore

     —        7,350,390      —        7,350,390

Spain

     —        11,626,058      —        11,626,058

Sweden

     —        11,740,849      —        11,740,849

Switzerland

     —        22,441,938      —        22,441,938

United Kingdom

     —        77,127,618      —        77,127,618

Total Common Stock

     —        475,306,702      415,294      475,721,996
Rights            

Australia

     —        —        50,592      50,592

Belgium

     —        10,189      —        10,189

Finland

     —        —        72,397      72,397

Germany

     —        79,627      —        79,627

Portugal

     —        —        1,439      1,439

Sweden

     —        —        659      659

Total Rights

     —        89,816      125,087      214,903
Warrants            

Australia

     1,698      —        —        1,698
Short Term Investments            

United States

     46,081,733      1,361,000      —        47,442,733

Total Investments

   $ 46,083,431    $ 476,757,518    $ 540,381    $ 523,381,330
                             

 

MSF-104


Table of Contents

Metropolitan Series Fund, Inc.

 

Met/Dimensional International Small Company Portfolio

 

 

 

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

 

      Common
Stock
   Rights    Total

Balance as of December 31, 2008

   $ 0    $ 0    $ 0

Transfers In (Out) of Level 3

     55,581      0      55,581

Accrued discounts/premiums

     0      0      0

Realized Gain (Loss)

     0      0      0

Change in unrealized appreciation (depreciation)

     107,009      24,236      131,245

Net Purchases (Sales)

     252,704      100,851      353,555

Balance as of September 30, 2009

   $ 415,294    $ 125,087    $ 540,381

 

MSF-105


Table of Contents

Metropolitan Series Fund, Inc.

 

MetLife Aggressive Allocation Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Mutual Funds—100.0%

 

 

Security Description   Shares   Value

Affiliated Investment Companies—100.0%

   

Artio International Stock Portfolio, (Class A) (a)

  878,884   $ 8,120,889

BlackRock Large Cap Value Portfolio, (Class A) (a)

  2,233,477     20,145,971

Clarion Global Real Estate Portfolio, (Class A) (b)

  701,865     6,415,046

Davis Venture Value Portfolio, (Class A) (a)

  616,147     16,278,604

Dreman Small Cap Value Portfolio, (Class A) (b)

  526,287     6,236,501

FI Mid Cap Opportunities Portfolio, (Class A) (a)

  349,189     4,151,852

Harris Oakmark International Portfolio, (Class A) (b)

  893,478     10,301,806

Janus Forty Portfolio, (Class A) (b)

  126,664     7,844,315

Jennison Growth Portfolio, (Class A) (a)

  1,582,977     15,845,601

Lazard Mid-Cap Portfolio, (Class A) (b)

  471,896     4,157,407

Met/AIM Small Cap Growth Portfolio, (Class A) (b)

  941,454     10,120,635

Met/Artisan Mid Cap Value Portfolio, (Class A) (a)

  58,919     8,134,931

Met/Dimensional International Small Company Portfolio, (Class A) (a)

  435,810     6,336,673

Met/Franklin Mutual Shares Portfolio, (Class A) (b)

  1,828,804     14,228,098

MFS Emerging Markets Equity Portfolio, (Class A) (b)

  699,343     6,203,170

MFS Research International Portfolio, (Class A) (b)

  901,913     8,270,541

MFS Value Portfolio, (Class A) (a)

  1,311,250     13,977,927

Pioneer Fund Portfolio, (Class A) (b)

  1,038,663     11,819,986
Security Description   Shares   Value

Affiliated Investment Companies—(Continued)

T. Rowe Price Large Cap Growth Portfolio, (Class A) (a)

  1,354,289   $ 16,007,698

T.Rowe Price Mid Cap Growth Portfolio, (Class A) (b)

  561,624     4,139,172

Van Eck Global Natural Resources Portfolio, (Class A) (a)

  289,747     4,094,129
       

Total Mutual Funds
(Identified Cost $213,302,632)

      202,830,952
       

Total Investments—100.0%
(Identified Cost $213,302,632) (c)

      202,830,952

Other assets less liabilities

      799
       
Net Assets—100%     $ 202,831,751
       

 

(a) A Portfolio of the Metropolitan Series Fund, Inc.
(b) A Portfolio of the Met Investors Series Trust.
(c) The aggregate cost of investments for federal income tax purposes as of September 30, 2009 was $213,302,632 and the composition of unrealized appreciation and depreciation of investment securities was $12,385,122 and $(22,856,802), respectively.

 

VALUATION INPUTS

 

The Portfolio is subject to the provisions of the Statement of Financial Accounting Standards No. 157, Fair Value Measurements (“FAS 157”). FAS 157 establishes a framework for measuring fair value and expands disclosures about fair value measurements in 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 Portfolio’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 investments as of September 30, 2009:

 

Description    Level 1    Level 2    Level 3    Total

Total Mutual Funds

   $ 202,830,952    $ —      $ —      $ 202,830,952

Total Investments

   $ 202,830,952    $ —      $ —      $ 202,830,952
                             

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

MetLife Conservative Allocation Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Mutual Funds—100.0%

 

 

Security Description   Shares   Value

Affiliated Investment Companies—100.0%

 

Artio International Stock Portfolio, (Class A) (a)

  427,978   $ 3,954,515

BlackRock Bond Income Portfolio, (Class A) (a)

  722,957     75,136,907

BlackRock High Yield Portfolio, (Class A) (b)

  1,038,490     7,809,442

BlackRock Large Cap Value Portfolio, (Class A) (a)

  1,740,574     15,699,973

Davis Venture Value Portfolio, (Class A) (a)

  300,290     7,933,658

Dreman Small Cap Value Portfolio, (Class A) (b)

  341,661     4,048,687

Harris Oakmark International Portfolio, (Class A) (b)

  347,639     4,008,283

Jennison Growth Portfolio, (Class A) (a)

  385,784     3,861,701

Lazard Mid-Cap Portfolio, (Class A) (b)

  459,308     4,046,504

Lord Abbett Bond Debenture Portfolio, (Class A) (b)

  997,516     11,601,114

Met/Artisan Mid Cap Value Portfolio, (Class A) (a)

  28,702     3,962,877

Met/Franklin Mutual Shares Portfolio, (Class A) (b)

  1,526,725     11,877,920

Met/Templeton International Bond Fund Portfolio, (Class A) (b)

  1,759,470     18,738,356

MFS Research International Portfolio, (Class A) (b)

  438,709     4,022,959

MFS Value Portfolio, (Class A) (a)

  1,460,449     15,568,385

PIMCO Inflation Protected Bond Portfolio, (Class A) (b)

  2,085,044     22,810,385

PIMCO Total Return Portfolio, (Class A) (b)

  7,707,036     91,251,309
Security Description   Shares   Value  

Affiliated Investment Companies—(Continued)

 

T. Rowe Price Large Cap Growth Portfolio, (Class A) (a)

  330,153   $ 3,902,406   

Western Asset Management Strategic Bond Opportunities Portfolio, (Class A) (a)

  4,288,352     50,473,903   

Western Asset Management U.S. Government Portfolio, (Class A) (a)

  1,902,557     22,469,196   
         

Total Mutual Funds
(Identified Cost $372,592,247)

      383,178,480   
         

Total Investments—100.0%
(Identified Cost $372,592,247) (c)

      383,178,480   

Liabilities in excess of other assets

      (44,239
         
Net Assets—100%     $ 383,134,241   
         

 

(a) A Portfolio of the Metropolitan Series Fund, Inc.
(b) A Portfolio of the Met Investors Series Trust.
(c) The aggregate cost of investments for federal income tax purposes as of September 30,2009 was $372,592,247 and the composition of unrealized appreciation and depreciation of investment securities was $12,696,276 and $(2,110,043), respectively.

 

VALUATION INPUTS

 

The Portfolio is subject to the provisions of the Statement of Financial Accounting Standards No. 157, Fair Value Measurements (“FAS 157”). FAS 157 establishes a framework for measuring fair value and expands disclosures about fair value measurements in 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 Portfolio’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 investments as of September 30, 2009:

 

Description    Level 1    Level 2    Level 3    Total

Total Mutual Funds

   $ 383,178,480    $ —      $ —      $ 383,178,480

Total Investments

   $ 383,178,480    $ —      $ —      $ 383,178,480
                             

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

MetLife Conservative To Moderate Allocation Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Mutual Funds—100.0%

 

 

Security Description   Shares   Value
   

Affiliated Investment Companies—100.0%

 

Artio International Stock Portfolio, (Class A) (a)

  2,228,242   $ 20,588,960

BlackRock Bond Income Portfolio, (Class A) (a)

  1,034,387     107,503,806

BlackRock High Yield Portfolio, (Class A) (b)

  2,702,293     20,321,242

BlackRock Large Cap Value Portfolio, (Class A) (a)

  5,664,066     51,089,876

Clarion Global Real Estate Portfolio, (Class A) (b)

  1,188,522     10,863,088

Davis Venture Value Portfolio, (Class A) (b)

  1,563,178     41,299,174

Dreman Small Cap Value Portfolio, (Class A) (b)

  890,997     10,558,319

Harris Oakmark International Portfolio, (Class A) (b)

  1,811,255     20,883,772

Jennison Growth Portfolio, (Class A) (a)

  2,007,230     20,092,374

Lazard Mid-Cap Portfolio, (Class A) (b)

  1,196,129     10,537,892

Lord Abbett Bond Debenture Portfolio, (Class A) (b)

  1,730,172     20,121,898

Met/AIM Small Cap Growth Portfolio, (Class A) (b)

  955,777     10,274,599

Met/Artisan Mid Cap Value Portfolio, (Class A) (a)

  149,471     20,637,462

Met/Dimensional International Small Company Portfolio, (Class A) (a)

  736,244     10,704,985

Met/Franklin Mutual Shares Portfolio, (Class A) (b)

  6,625,655     51,547,593

Met/Templeton International Bond Fund Portfolio, (Class A) (b)

  4,574,436     48,717,747

MFS Research International Portfolio, (Class A) (b)

  2,285,776     20,960,563

MFS Value Portfolio, (Class A) (a)

  4,751,183     50,647,613

PIMCO Inflation Protected Bond Portfolio, (Class A) (b)

  2,712,531     29,675,089
Security Description   Shares   Value  

Affiliated Investment Companies—(Continued)

 

PIMCO Total Return Portfolio, (Class A) (b)

  18,384,972   $ 217,678,064   

Pioneer Fund Portfolio, (Class A) (b)

  2,635,255     29,989,204   

T. Rowe Price Large Cap Growth Portfolio, (Class A) (a)

  1,717,849     20,304,971   

T.Rowe Price Mid Cap Growth Portfolio, (Class A) (b)

  1,424,638     10,499,579   

Van Eck Global Natural Resources Portfolio, (Class A) (a)

  734,582     10,379,640   

Western Asset Management Strategic Bond Opportunities Portfolio, (Class A) (a)

  8,586,342     101,061,242   

Western Asset Management U.S. Government Portfolio, (Class A) (a)

  3,299,331     38,965,100   
         

Total Mutual Funds
(Identified Cost $990,107,714)

      1,005,903,852   
         

Total Investments—100.0%
(Identified Cost $990,107,714) (c)

      1,005,903,852   

Liabilities in excess of other assets

      (225,680
         
Net Assets—100%     $ 1,005,678,172   
         

 

(a) A Portfolio of the Metropolitan Series Fund, Inc.
(b) A Portfolio of the Met Investors Series Trust.
(c) The aggregate cost of investments for federal income tax purposes as of September 30, 2009 was $990,107,714 and the composition of unrealized appreciation and depreciation of investment securities was $43,307,715 and $(27,511,577), respectively.

 

VALUATION INPUTS

 

The Portfolio is subject to the provisions of the Statement of Financial Accounting Standards No. 157, Fair Value Measurements (“FAS 157”). FAS 157 establishes a framework for measuring fair value and expands disclosures about fair value measurements in 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 Portfolio’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 investments as of September 30, 2009:

 

Description    Level 1    Level 2    Level 3    Total

Total Mutual Funds

   $ 1,005,903,852    $ —      $ —      $ 1,005,903,852

Total Investments

   $ 1,005,903,852    $ —      $ —      $ 1,005,903,852
                             

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

MetLife Mid Cap Stock Index Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—94.3% of Net Assets

 

 

Security Description   Shares   Value
   

Aerospace & Defense—0.5%

   

Alliant Techsystems, Inc. (a) (b)

  16,097   $ 1,253,151

BE Aerospace, Inc. (b)

  49,454     996,004
       
      2,249,155
       

Airlines—0.3%

   

Airtran Holdings, Inc. (a) (b)

  58,742     367,137

Alaska Air Group, Inc. (b)

  17,169     459,958

JetBlue Airways Corp. (b)

  104,814     626,788
       
      1,453,883
       

Auto Components—0.6%

   

BorgWarner, Inc. (a) (b)

  57,034     1,725,849

Gentex Corp. (a)

  67,344     952,917
       
      2,678,766
       

Automobiles—0.1%

   

Thor Industries, Inc.

  17,348     536,921
       

Beverages—0.5%

   

Hansen Natural Corp. (b)

  35,448     1,302,360

PepsiAmericas, Inc.

  27,393     782,344
       
      2,084,704
       

Biotechnology—1.2%

   

OSI Pharmaceuticals, Inc. (a) (b)

  28,370     1,001,461

United Therapeutics Corp. (b)

  22,874     1,120,597

Vertex Pharmaceuticals, Inc. (b)

  88,327     3,347,594
       
      5,469,652
       

Building Products—0.2%

   

Lennox International, Inc. (a)

  23,739     857,453
       

Capital Markets—2.0%

   

Affiliated Managers Group, Inc. (a) (b)

  20,378     1,324,774

Apollo Investment Corp.

  80,038     764,363

Eaton Vance Corp.

  57,428     1,607,410

Jefferies Group, Inc.

  59,898     1,631,023

Raymond James Financial, Inc.

  48,297     1,124,354

SEI Investments Co.

  63,514     1,249,955

Waddell & Reed Financial, Inc. (Class A)

  41,985     1,194,473
       
      8,896,352
       

Chemicals—3.1%

   

Albemarle Corp.

  44,760     1,548,696

Ashland Inc.

  36,390     1,572,776

Cabot Corp.

  31,966     738,734

Cytec Industries, Inc.

  23,700     769,539

Lubrizol Corp.

  33,065     2,362,825

Minerals Technologies, Inc.

  9,157     435,507

Olin Corp. (a)

  38,249     667,063

RPM International, Inc.

  63,028     1,165,388

Sensient Technologies Corp.

  23,845     662,176

Terra Industries, Inc.

  48,787     1,691,445

The Scotts Miracle-Gro Co. (a)

  21,860     938,887
Security Description   Shares   Value
   

Chemicals—(Continued)

   

Valspar Corp. (a)

  49,297   $ 1,356,160
       
      13,909,196
       

Commercial Banks—3.1%

   

Associated Banc-Corp. (a)

  62,514     713,910

BancorpSouth, Inc. (a)

  35,885     875,953

Bank Hawaii Corp.

  23,411     972,493

Cathay General Bancorp (a)

  24,238     196,085

City National Corp. (a)

  21,139     822,941

Commerce Bancshares, Inc.

  33,990     1,265,788

Cullen/Frost Bankers, Inc.

  29,179     1,506,804

FirstMerit Corp.

  41,691     793,374

Fulton Financial Corp. (a)

  86,067     633,453

International Bancshares Corp. (a)

  25,342     413,328

PacWest Bancorp (a)

  13,378     254,851

SVB Financial Group (a) (b)

  16,219     701,796

Synovus Financial Corp.

  234,863     880,736

TCF Financial Corp. (a)

  54,626     712,323

Trustmark Corp. (a)

  24,987     476,002

Valley National Bancorp

  69,919     859,304

Webster Finanical Corp.

  31,348     390,910

Westamerica Bancorp (a)

  14,282     742,664

Wilmington Trust Corp. (a)

  33,885     481,167
       
      13,693,882
       

Commercial Services & Supplies—1.6%

   

Clean Harbors, Inc. (b)

  11,146     627,074

Copart, Inc. (b)

  32,903     1,092,709

Corrections Corp. of America (b)

  56,319     1,275,625

Deluxe Corp.

  25,001     427,517

Herman Miller, Inc.

  27,322     462,015

HNI Corp.

  21,994     519,058

Mine Safety Appliances Co. (a)

  14,769     406,295

Rollins, Inc.

  21,333     402,127

The Brink’s Co.

  22,282     599,609

Waste Connections, Inc. (b)

  39,165     1,130,302
       
      6,942,331
       

Communications Equipment—1.9%

   

3Com Corp. (b)

  191,199     999,971

ADC Telecommunications, Inc. (b)

  47,241     393,990

Adtran, Inc. (a)

  27,320     670,706

Avocent Corp. (b)

  21,684     439,535

CommScope, Inc. (a) (b)

  45,764     1,369,716

F5 Networks, Inc. (b)

  38,492     1,525,438

Palm, Inc. (a) (b)

  78,318     1,365,083

Plantronics, Inc.

  23,902     640,812

Polycom, Inc. (a) (b)

  41,099     1,099,398
       
      8,504,649
       

Computers & Peripherals—0.5%

   

Diebold, Inc.

  32,394     1,066,735

Imation Corp. (a)

  14,700     136,269

NCR Corp. (b)

  77,688     1,073,648
       
      2,276,652
       

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

MetLife Mid Cap Stock Index Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—(Continued)

 

 

Security Description   Shares   Value
   

Construction & Engineering—1.6%

   

Aecom Technology Corp. (b)

  53,937   $ 1,463,850

Dycom Industries, Inc. (b)

  19,067     234,524

Granite Construction, Inc. (a)

  16,450     508,963

KBR, Inc.

  78,426     1,826,542

The Shaw Group, Inc. (b)

  40,860     1,311,198

URS Corp. (b)

  41,222     1,799,340
       
      7,144,417
       

Construction Materials—0.4%

   

Martin Marietta Materials, Inc. (a)

  21,776     2,004,916
       

Consumer Finance—0.2%

   

AmeriCredit Corp. (a) (b)

  46,916     740,804
       

Containers & Packaging—1.2%

   

AptarGroup, Inc.

  33,094     1,236,392

Greif, Inc.

  16,725     920,711

Packaging Corp. of America

  50,327     1,026,671

Sonoco Products Co.

  48,839     1,345,026

Temple-Inland, Inc. (a)

  52,073     855,039
       
      5,383,839
       

Distributors—0.3%

   

LKQ Corp. (b)

  68,820     1,275,923
       

Diversified Consumer Services—1.8%

   

Brink’s Home Security Holdings, Inc. (b)

  22,377     688,988

Career Education Corp. (a) (b)

  33,725     822,215

Corinthian Colleges, Inc. (a) (b)

  42,591     790,489

ITT Educational Services, Inc. (a) (b)

  15,487     1,709,920

Matthews International Corp.

  14,834     524,827

Regis Corp.

  27,918     432,729

Service Corp. International

  122,719     860,260

Sotheby’s (a)

  32,704     563,490

Strayer Education, Inc. (a)

  6,842     1,489,367
       
      7,882,285
       

Diversified Telecommunication Services—0.1%

Cincinnati Bell, Inc. (a) (b)

  103,629     362,701
       

Electric Utilities—1.6%

   

Cleco Corp.

  29,568     741,565

DPL, Inc. (a)

  56,701     1,479,896

Great Plains Energy, Inc.

  66,095     1,186,405

Hawaiian Electric Industries, Inc. (a)

  44,764     811,124

IDACORP, Inc.

  23,100     665,049

NV Energy, Inc.

  114,708     1,329,466

Westar Energy, Inc.

  53,222     1,038,361
       
      7,251,866
       

Electrical Equipment—1.5%

   

Ametek, Inc.

  52,567     1,835,114

Hubbell, Inc. (Class B)

  27,574     1,158,108

Roper Industries, Inc. (a)

  44,405     2,263,767

Thomas & Betts Corp. (b)

  25,840     777,267
Security Description   Shares   Value
   

Electrical Equipment—(Continued)

   

Woodward Governor Co.

  27,564   $ 668,703
       
      6,702,959
       

Electronic Equipment, Instruments & Components—2.6%

Arrow Electronics, Inc. (b)

  58,489     1,646,465

Avnet, Inc. (a) (b)

  73,866     1,918,300

Ingram Micro, Inc. (b)

  79,707     1,343,063

Itron, Inc. (a) (b)

  19,554     1,254,194

Mettler Toledo International, Inc. (b)

  16,480     1,492,923

National Instruments Corp. (a)

  27,705     765,489

Tech Data Corp. (b)

  24,581     1,022,816

Trimble Navigation, Ltd. (b)

  58,575     1,400,528

Vishay Intertechnology, Inc. (b)

  91,248     720,859
       
      11,564,637
       

Energy Equipment & Services—2.6%

   

Exterran Holdings, Inc. (a) (b)

  30,550     725,257

Helix Energy Solutions Group, Inc. (b)

  44,497     666,565

Helmerich & Payne, Inc. (a)

  51,558     2,038,088

Oceaneering International, Inc. (b)

  26,825     1,522,319

Patterson-UTI Energy, Inc. (a)

  75,104     1,134,070

Pride International, Inc. (a) (b)

  84,875     2,583,595

Superior Energy Services, Inc. (b)

  38,226     860,849

Tidewater, Inc.

  25,278     1,190,341

Unit Corp. (b)

  19,747     814,564
       
      11,535,648
       

Food & Staples Retailing—0.3%

   

BJ’s Wholesale Club, Inc. (a) (b)

  27,139     982,974

Ruddick Corp. (a)

  19,930     530,537
       
      1,513,511
       

Food Products—1.2%

   

Corn Products International, Inc.

  36,494     1,040,809

Flowers Foods, Inc.

  37,883     995,944

Lancaster Colony Corp.

  9,480     486,040

Ralcorp Holdings, Inc. (b)

  27,677     1,618,274

Smithfield Foods, Inc. (a) (b)

  68,854     950,185

Tootsie Roll Industries, Inc. (a)

  12,874     306,144
       
      5,397,396
       

Gas Utilities—1.9%

   

AGL Resources, Inc.

  37,783     1,332,607

Energen Corp.

  35,062     1,511,172

National Fuel Gas Co.

  39,228     1,797,035

ONEOK, Inc.

  51,529     1,886,992

UGI Corp.

  53,006     1,328,330

WGL Holdings, Inc. (a)

  24,515     812,427
       
      8,668,563
       

Health Care Equipment & Supplies—3.6%

   

Beckman Coulter, Inc.

  33,515     2,310,524

Edwards Lifesciences Corp. (b)

  27,584     1,928,397

Gen-Probe, Inc. (a) (b)

  24,611     1,019,880

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

MetLife Mid Cap Stock Index Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—(Continued)

 

 

Security Description   Shares   Value
   

Health Care Equipment & Supplies—(Continued)

Hill-Rom Holdings, Inc.

  30,619   $ 666,882

Hologic, Inc. (b)

  125,471     2,050,196

IDEXX Laboratories, Inc. (a) (b)

  28,650     1,432,500

Immucor, Inc. (b)

  34,461     609,960

Kinetic Concepts, Inc. (a) (b)

  30,227     1,117,794

Masimo Corp. (a) (b)

  25,352     664,222

ResMed, Inc. (b)

  36,935     1,669,462

STERIS Corp.

  28,650     872,393

Teleflex, Inc.

  19,421     938,229

Thoratec Corp. (b)

  27,662     837,329
       
      16,117,768
       

Health Care Providers & Services—3.1%

   

Community Health Systems, Inc. (a) (b)

  45,336     1,447,579

Health Management Associates, Inc. (Class A) (b)

  120,584     903,174

Health Net, Inc. (b)

  50,776     781,950

Henry Schein, Inc. (b)

  44,095     2,421,256

Kindred Healthcare, Inc. (b)

  19,083     309,717

LifePoint Hospitals, Inc. (b)

  26,785     724,802

Lincare Holdings, Inc. (a) (b)

  33,178     1,036,813

Omnicare, Inc.

  58,356     1,314,177

Owens & Minor, Inc.

  20,425     924,231

Psychiatric Solutions, Inc. (b)

  27,501     735,927

Universal Health Services, Inc. (Class B)

  24,003     1,486,506

VCA Antech, Inc. (a) (b)

  41,518     1,116,419

Wellcare Health Plans, Inc. (b)

  20,639     508,751
       
      13,711,302
       

Health Care Technology—0.5%

   

Cerner Corp. (a) (b)

  32,886     2,459,873
       

Hotels, Restaurants & Leisure—1.7%

   

Bob Evans Farms, Inc.

  15,152     440,317

Boyd Gaming Corp. (b)

  26,943     294,487

Brinker International, Inc.

  49,939     785,540

Chipotle Mexican Grill, Inc. (Class A) (a) (b)

  15,470     1,501,364

International Speedway Corp. (Class A)

  15,009     413,798

Life Time Fitness, Inc. (a) (b)

  20,175     565,909

Panera Bread Co. (a) (b)

  15,254     838,970

Scientific Games Corp. (b)

  31,740     502,444

The Cheesecake Factory (a) (b)

  29,410     544,673

Wendy’s/Arby’s Group, Inc.

  179,594     849,480

WMS Industries, Inc. (a)

  22,213     989,811
       
      7,726,793
       

Household Durables—1.6%

   

American Greetings Corp. (Class A)

  19,272     429,766

Blyth, Inc.

  2,917     112,975

M.D.C. Holdings, Inc.

  18,369     638,139

Mohawk Industries, Inc. (a) (b)

  27,443     1,308,757

NVR, Inc. (a) (b)

  2,841     1,810,768

Ryland Group, Inc. (a)

  21,417     451,256

Toll Brothers, Inc. (b)

  67,038     1,309,922

Tupperware Brands Corp.

  30,789     1,229,097
       
      7,290,680
       
Security Description   Shares   Value
   

Household Products—0.9%

   

Church & Dwight Co., Inc.

  34,372   $ 1,950,267

Energizer Holdings, Inc. (a) (b)

  33,933     2,251,115
       
      4,201,382
       

Industrial Conglomerates—0.2%

   

Carisle Cos., Inc.

  29,945     1,015,435
       

Insurance—4.4%

   

American Financial Group, Inc.

  38,585     983,917

Arthur J. Gallagher & Co.

  49,478     1,205,779

Brown & Brown, Inc.

  57,411     1,099,995

Everest Re Group, Ltd.

  29,753     2,609,338

Fidelity National Financial, Inc.

  112,755     1,700,345

First American Corp.

  45,648     1,477,626

HCC Insurance Holdings, Inc.

  54,905     1,501,652

Horace Mann Educators Corp.

  19,154     267,581

Mercury General Corp.

  17,406     629,749

Old Republic International Corp.

  117,625     1,432,672

Protective Life Corp.

  41,841     896,234

Reinsurance Group of America Inc

  35,581     1,586,913

StanCorp Financial Group, Inc.

  24,034     970,253

The Hanover Insurance Group, Inc.

  24,866     1,027,712

Unitrin, Inc.

  24,403     475,614

W.R. Berkley Corp.

  65,742     1,661,958
       
      19,527,338
       

Internet & Catalog Retail—1.0%

   

Netflix, Inc. (a) (b)

  22,177     1,023,912

priceline.com, Inc. (a) (b)

  20,668     3,427,168
       
      4,451,080
       

Internet Software & Services—0.7%

   

Digital River, Inc. (b)

  18,859     760,395

Equinix, Inc. (a) (b)

  18,878     1,736,776

ValueClick, Inc. (b)

  42,610     562,026
       
      3,059,197
       

IT Services—3.3%

   

Acxiom Corp. (a) (b)

  38,574     364,910

Alliance Data Systems Corp. (a) (b)

  25,982     1,586,981

Broadridge Financial Solutions, Inc.

  68,104     1,368,890

DST Systems, Inc. (b)

  19,205     860,384

Gartner, Inc. (Class A) (b)

  29,223     533,904

Global Payments, Inc.

  39,375     1,838,812

Hewitt Associates, Inc. (b)

  40,498     1,475,342

Lender Processing Services, Inc.

  47,003     1,794,105

Mantech International Corp. (b)

  10,794     509,045

Metavante Technologies, Inc. (b)

  44,030     1,518,154

NeuStar, Inc. (a) (b)

  36,348     821,465

SAIC, Inc. (b)

  102,565     1,798,990

SRA International, Inc. (b)

  20,898     451,188
       
      14,922,170
       

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

MetLife Mid Cap Stock Index Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—(Continued)

 

 

Security Description   Shares   Value
   

Leisure Equipment & Products—0.1%

   

Callaway Golf Co. (a)

  31,523   $ 239,890
       

Life Sciences Tools & Services—1.6%

   

Affymetrix, Inc. (b)

  34,526     303,138

Bio-Rad Laboratories, Inc. (b)

  9,385     862,294

Charles River Laboratories International, Inc. (b)

  32,216     1,191,348

Covance, Inc. (a) (b)

  31,277     1,693,650

Pharmaceutical Product Development, Inc.

  57,767     1,267,408

Techne Corp. (b)

  18,210     1,139,035

Varian, Inc. (b)

  14,132     721,580
       
      7,178,453
       

Machinery—4.9%

   

AGCO Corp. (b)

  45,200     1,248,876

Bucyrus International, Inc.

  36,733     1,308,430

Crane Co.

  22,871     590,301

Donaldson Co., Inc. (a)

  37,732     1,306,659

Federal Signal Corp.

  23,835     171,374

Graco, Inc. (a)

  29,298     816,535

Harsco Corp.

  39,267     1,390,445

IDEX Corp.

  39,462     1,102,963

Joy Global, Inc.

  50,027     2,448,321

Kennametal, Inc.

  39,745     978,124

Lincoln Electric Holdings, Inc.

  20,791     986,533

Nordson Corp. (a)

  16,426     921,334

Oshkosh Corp.

  43,706     1,351,827

Pentair, Inc.

  48,068     1,418,967

SPX Corp.

  23,997     1,470,296

Terex Corp. (a)

  52,802     1,094,586

Timkin Co.

  38,815     909,435

Trinity Industries, Inc. (a)

  38,760     666,284

Valmont Industries, Inc.

  9,760     831,357

Wabtec Corp. (a)

  23,253     872,685
       
      21,885,332
       

Marine—0.4%

   

Alexander & Baldwin, Inc.

  20,066     643,918

Kirby Corp. (b)

  26,294     968,145
       
      1,612,063
       

Media—1.0%

   

DreamWorks Animation SKG, Inc. (b)

  36,884     1,311,964

Harte-Hanks, Inc.

  18,648     257,902

John Wiley & Sons, Inc.

  20,840     724,815

Lamar Advertising Co. (Class A) (a) (b)

  26,018     713,934

Marvel Entertainment, Inc. (b)

  23,794     1,180,658

Scholastic Corp.

  12,455     303,155
       
      4,492,428
       

Metals & Mining—1.5%

   

Carpenter Technology Corp.

  21,526     503,493

Cliffs Natural Resources, Inc.

  64,044     2,072,464

Commercial Metals Co.

  55,018     984,822

Reliance Steel & Aluminum Co.

  31,253     1,330,128

Steel Dynamics, Inc.

  105,196     1,613,707
Security Description   Shares   Value
   

Metals & Mining—(Continued)

   

Worthington Industries, Inc.

  29,775   $ 413,872
       
      6,918,486
       

Multi-Utilities—1.9%

   

Alliant Energy Corp.

  54,085     1,506,267

Black Hills Corp. (a)

  18,990     477,978

MDU Resources Group, Inc.

  89,996     1,876,417

NSTAR (a)

  52,220     1,661,640

OGE Energy Corp.

  47,212     1,561,773

PNM Resources, Inc.

  42,375     494,940

Vectren Corp.

  39,646     913,444
       
      8,492,459
       

Multiline Retail—0.6%

   

99 Cents Only Stores (a) (b)

  22,096     297,191

Dollar Tree, Inc. (b)

  43,705     2,127,560

Saks, Inc. (a) (b)

  70,656     481,874
       
      2,906,625
       

Office Electronics—0.2%

   

Zebra Technologies Corp. (Class A) (a) (b)

  28,889     749,092
       

Oil, Gas & Consumable Fuels—3.6%

   

Arch Coal, Inc.

  79,434     1,757,874

Bill Barrett Corp. (a) (b)

  18,890     619,403

Cimarex Energy Co. (a)

  40,776     1,766,416

Comstock Resources, Inc. (b)

  22,793     913,543

Encore Aquisition Co. (b)

  27,161     1,015,821

Forest Oil Corp. (b)

  54,878     1,073,963

Frontier Oil Corp.

  51,172     712,314

Mariner Energy, Inc. (b)

  49,793     706,065

Newfield Exploration Co. (b)

  64,858     2,760,357

Overseas Shipholding Group, Inc. (a)

  11,427     427,027

Patriot Coal Corp. (a) (b)

  36,650     431,004

Plains Exploration & Production Co. (b)

  68,084     1,883,203

Quicksilver Resources, Inc. (a) (b)

  57,908     821,715

Southern Union Co.

  60,653     1,260,976
       
      16,149,681
       

Paper & Forest Products—0.1%

   

Louisiana-Pacific Corp. (a) (b)

  59,541     397,138
       

Personal Products—0.5%

   

Alberto-Culver Co.

  41,748     1,155,585

NBTY, Inc. (b)

  30,251     1,197,334
       
      2,352,919
       

Pharmaceuticals—1.2%

   

Endo Pharmaceuticals Holdings, Inc. (b)

  57,290     1,296,472

Medicis Pharmaceutical Corp. (a)

  28,094     599,807

Perrigo Co. (a)

  38,782     1,318,200

Sepracor, Inc. (b)

  54,263     1,242,623

Valeant Pharmaceuticals International (a) (b)

  32,962     924,914
       
      5,382,016
       

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

MetLife Mid Cap Stock Index Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—(Continued)

 

 

Security Description   Shares   Value
   

Professional Services—1.3%

   

FTI Consulting, Inc. (a) (b)

  25,290   $ 1,077,607

Kelly Services, Inc. (Class A)

  12,982     159,679

Korn/Ferry International (b)

  22,325     325,722

Manpower, Inc.

  38,323     2,173,297

MPS Group, Inc. (b)

  45,538     479,060

Navigant Consulting, Inc. (b)

  23,680     319,680

The Corporate Executive Board Co.

  16,686     415,481

Watson Wyatt Worldwide, Inc.

  20,866     908,923
       
      5,859,449
       

Real Estate Investment Trusts—6.3%

   

Alexandria Real Estate Equities, Inc. (a)

  21,234     1,154,068

AMB Property Corp.

  71,502     1,640,971

BRE Properties, Inc. (a)

  25,825     808,323

Camden Property Trust

  31,350     1,263,405

Corporate Office Properties Trust SBI

  28,365     1,046,101

Cousins Properties, Inc. (a)

  45,455     376,367

Duke Realty Corp.

  109,501     1,315,107

Equity One, Inc. (a)

  16,038     251,315

Essex Property Trust, Inc. (a)

  13,785     1,097,010

Federal Realty Investment Trust (a)

  29,910     1,835,577

Highwoods Properties, Inc.

  34,645     1,089,585

Hospitality Properties Trust

  59,710     1,216,293

Liberty Property Trust

  54,588     1,775,748

Mack-Cali Realty Corp.

  38,300     1,238,239

Nationwide Health Properties, Inc.

  52,190     1,617,368

Omega Healthcare Investors, Inc.

  40,709     652,158

Potlatch Corp.

  19,432     552,840

Rayonier, Inc.

  38,714     1,583,790

Realty Income Corp. (a)

  50,985     1,307,765

Regency Centers Corp. (a)

  39,255     1,454,398

SL Green Realty Corp (a)

  37,565     1,647,225

The Macerich Co. (a)

  40,239     1,220,449

UDR, Inc. (a)

  73,609     1,158,606

Weingarten Realty Investors

  50,952     1,014,964
       
      28,317,672
       

Real Estate Management & Development—0.2%

 

Jones Lang LaSalle, Inc. (a)

  20,425     967,532
       

Road & Rail—1.1%

   

Con-Way, Inc.

  23,968     918,454

J.B. Hunt Transport Services, Inc.

  42,792     1,374,907

Kansas City Southern (a) (b)

  46,385     1,228,738

Landstar System, Inc.

  25,088     954,849

Werner Enterprises, Inc. (a)

  21,395     398,589
       
      4,875,537
       

Semiconductors & Semiconductor Equipment—2.2%

 

Atmel Corp. (b)

  220,561     924,151

Cree, Inc. (a) (b)

  49,267     1,810,562

Fairchild Semiconductor International, Inc. (b)

  60,581     619,744

Integrated Device Technology, Inc. (b)

  80,950     547,222

International Rectifier Corp. (b)

  34,818     678,603

Intersil Corp.

  59,792     915,416
Security Description   Shares   Value
   

Semiconductors & Semiconductor Equipment—(Continued)

Lam Research Corp. (b)

  61,915   $ 2,115,016

RF Micro Devices, Inc. (b)

  130,594     709,125

Semtech Corp. (b)

  30,038     510,946

Silicon Laboratories, Inc. (a) (b)

  21,931     1,016,721
       
      9,847,506
       

Software—3.3%

   

ACI Worldwide, Inc. (b)

  16,633     251,657

Advent Software, Inc. (a) (b)

  7,602     305,981

Ansys, Inc. (b)

  43,066     1,613,683

Cadence Design Systems, Inc. (b)

  130,245     955,998

FactSet Research Systems, Inc.

  20,517     1,359,046

Fair Isaac Corp.

  23,886     513,310

Informatica Corp. (b)

  43,203     975,524

Jack Henry & Associates, Inc.

  41,164     966,119

Mentor Graphics Corp. (b)

  47,984     446,731

Micros Systems, Inc. (b)

  39,100     1,180,429

Parametric Technology Corp. (b)

  56,802     785,004

Quest Software, Inc. (b)

  29,759     501,439

Rovi Corp. (b)

  49,718     1,670,525

Sybase, Inc. (a) (b)

  39,572     1,539,351

Synopsys, Inc. (b)

  71,255     1,597,537
       
      14,662,334
       

Specialty Retail—5.0%

   

Aaron’s, Inc. (a)

  26,520     700,128

Advance Auto Parts, Inc.

  46,666     1,833,040

Aeropostale, Inc. (b)

  32,842     1,427,642

American Eagle Outfitters, Inc.

  101,389     1,709,419

AnnTaylor Stores Corp. (b)

  28,710     456,202

Barnes & Noble, Inc. (a)

  19,288     428,579

Carmax, Inc. (a) (b)

  107,705     2,251,034

Chico’s FAS, Inc. (b)

  86,955     1,130,415

Coldwater Creek, Inc. (a) (b)

  28,168     230,978

Collective Brands, Inc. (a) (b)

  31,318     542,741

Dick’s Sporting Goods, Inc. (a) (b)

  42,945     961,968

Foot Locker, Inc.

  76,474     913,864

Guess?, Inc.

  28,380     1,051,195

J. Crew Group, Inc. (b)

  27,212     974,734

PetSmart, Inc.

  61,125     1,329,469

Rent-A-Center, Inc. (b)

  32,288     609,597

Ross Stores, Inc.

  61,161     2,921,661

Urban Outfitters, Inc. (b)

  63,362     1,911,632

Williams-Sonoma, Inc.

  51,691     1,045,709
       
      22,430,007
       

Textiles, Apparel & Luxury Goods—1.0%

   

Fossil, Inc. (b)

  23,467     667,636

Hanesbrands, Inc. (a) (b)

  46,319     991,227

Phillips-Van Heusen Corp.

  25,250     1,080,447

The Warnaco Group, Inc. (b)

  22,208     974,043

Timberland Co. (Class A) (b)

  21,937     305,363

Under Armour, Inc. (a) (b)

  18,330     510,124
       
      4,528,840
       

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

MetLife Mid Cap Stock Index Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—(Continued)

 

 

Security Description  

Shares

  Value
   

Thrifts & Mortgage Finance—1.1%

   

Astoria Financial Corp. (a)

  39,855   $ 439,999

First Niagara Financial Group, Inc.

  89,539     1,104,016

New York Community Bancorp, Inc. (a)

  171,103     1,953,996

NewAlliance Bancshares, Inc.

  52,210     558,647

Washington Federal, Inc.

  53,315     898,891
       
      4,955,549
       

Tobacco—0.1%

   

Universal Corp. (a)

  12,134     507,444
       

Trading Companies & Distributors—0.4%

   

GATX Corp. (a)

  22,490     628,596

MSC Industrial Direct Co.

  21,425     933,701

United Rentals, Inc. (b)

  29,397     302,789
       
      1,865,086
       

Water Utilities—0.3%

   

Aqua America, Inc. (a)

  66,452     1,172,213
       

Wireless Telecommunication Services—0.5%

   

Syniverse Holdings, Inc. (b)

  33,616     588,280

Telephone & Data Systems, Inc.

  46,401     1,438,895
       
      2,027,175
       

Total Common Stock
(Identified Cost $451,555,500)

      422,239,005
       
Mutual Funds—3.4%    
Security Description   Shares   Value

Exchange Traded Funds—3.4%

   

MidCap SPDR Trust, Series 1 (a)

  120,300     15,071,184
       

Total Mutual Funds
(Identified Cost $13,394,714)

      15,071,184
       
Short Term Investments—12.4%   
Security Description   Shares/Par
Amount
  Value  
   

Discount Notes—2.5%

   

Federal Home Loan Bank
0.010%, 10/28/09

  $ 2,675,000   $ 2,674,860   

Federal Home Loan Mortgage Corp.
0.010%, 11/16/09

    8,550,000     8,547,979   
         
      11,222,839   
         

Mutual Funds—9.9%

   

State Street Navigator Securities Lending
Prime Portfolio (c)

    44,557,562     44,557,562   
         

Total Short Term Investments
(Identified Cost $55,780,401)

      55,780,401   
         

Total Investments—110.1%
(Identified Cost $520,730,615) (d)

      493,090,590   

Liabilities in excess of other assets

      (45,349,587
         
Net Assets—100%     $ 447,741,003   
         

 

(a) All or a portion of the security was on loan. As of September 30, 2009, the market value of securities loaned was $44,234,697 and the collateral received consisted of cash in the amount of $44,557,562 and non-cash collateral with a value of $940,914. 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, 2009 was $522,555,744 and the composition of unrealized appreciation and depreciation of investment securities was $51,268,369 and $(80,733,523), respectively.
Futures Contracts                  

Futures Contracts-Long

   Counterparty    Expiration
Date
   Number of
Contracts
   Contract
Amount
   Valuation as of
9/30/2009
   Net
Unrealized
Appreciation

S&P MidCap 400 Index Futures

   Morgan Stanley    12/17/2009    31    $ 10,457,230    $ 10,682,600    $ 225,370
                     

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

MetLife Mid Cap Stock Index Portfolio

 

 

 

VALUATION INPUTS

 

The Portfolio is subject to the provisions of the Statement of Financial Accounting Standards No. 157, Fair Value Measurements (“FAS 157”). FAS 157 establishes a framework for measuring fair value and expands disclosures about fair value measurements in 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 Portfolio’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 investments as of September 30, 2009:

 

Description    Level 1    Level 2    Level 3    Total

Total Common Stock

   $ 422,239,005    $ —      $ —      $ 422,239,005

Total Mutual Funds

     15,071,184      —        —        15,071,184
Short Term Investments            

Discount Notes

     —        11,222,839      —        11,222,839

Mutual Funds

     44,557,562      —        —        44,557,562

Total Short Term Investments

     44,557,562      11,222,839      —        55,780,401

Total Investments

   $ 481,867,751    $ 11,222,839    $ —      $ 493,090,590
Futures Contracts*            

Futures Contracts Long (Appreciation)

   $ 225,370    $ —      $ —      $ 225,370
                             

 

* Derivative instruments such as forwards, futures, swap contracts and written options are valued based on the unrealized appreciation/depreciation on the instrument.

 

MSF-115


Table of Contents

Metropolitan Series Fund, Inc.

 

MetLife Moderate Allocation Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Mutual Funds—100.0%

 

Security Description   Shares   Value
   

Affiliated Investment Companies—100.0%

 

Artio International Stock Portfolio, (Class A) (a)

  6,419,269   $ 59,314,050

BlackRock Bond Income Portfolio, (Class A) (a)

  812,609     84,454,505

BlackRock High Yield Portfolio, (Class A) (b)

  3,891,124     29,261,256

BlackRock Large Cap Value Portfolio, (Class A) (a)

  19,575,271     176,568,941

Clarion Global Real Estate Portfolio, (Class A) (b)

  3,420,390     31,262,364

Davis Venture Value Portfolio, (Class A) (a)

  6,749,981     178,334,497

Dreman Small Cap Value Portfolio, (Class A) (b)

  5,127,046     60,755,492

Harris Oakmark International Portfolio, (Class A) (b)

  7,825,587     90,229,019

Jennison Growth Portfolio, (Class A) (a)

  14,452,865     144,673,179

Lazard Mid-Cap Portfolio, (Class A) (b)

  3,449,869     30,393,343

Lord Abbett Bond Debenture Portfolio, (Class A) (b)

  4,982,841     57,950,438

Met/AIM Small Cap Growth Portfolio, (Class A) (b)

  5,502,036     59,146,886

Met/Artisan Mid Cap Value Portfolio, (Class A) (a)

  645,580     89,135,298

Met/Dimensional International Small Company Portfolio, (Class A) (a)

  4,240,525     61,657,229

Met/Franklin Mutual Shares Portfolio, (Class A) (b)

  22,895,481     178,126,839

Met/Templeton International Bond Fund Portfolio, (Class A) (b)

  10,539,498     112,245,656

MFS Emerging Markets Equity Portfolio, (Class A) (b)

  3,404,935     30,201,769

MFS Research International Portfolio, (Class A) (b)

  6,583,714     60,372,656
Security Description   Shares   Value  
   

Affiliated Investment Companies—(Continued)

 

MFS Value Portfolio, (Class A) (a)

  16,417,813   $ 175,013,886   

PIMCO Inflation Protected Bond Portfolio, (Class A) (b)

  2,604,429     28,492,452   

PIMCO Total Return Portfolio, (Class A) (b)

  50,549,567     598,506,879   

Pioneer Fund Portfolio, (Class A) (b)

  12,647,377     143,927,146   

T. Rowe Price Large Cap Growth Portfolio, (Class A) (a)

  12,365,469     146,159,849   

T.Rowe Price Mid Cap Growth Portfolio, (Class A) (b)

  8,204,656     60,468,317   

Van Eck Global Natural Resources Portfolio, (Class A) (a)

  4,231,732     59,794,379   

Western Asset Management Strategic Bond Opportunities Portfolio, (Class A) (a)

  9,892,459     116,434,237   

Western Asset Management U.S. Government Portfolio, (Class A) (a)

  4,751,752     56,118,194   
         

Total Mutual Funds
(Identified Cost $2,905,306,539)

      2,918,998,756   
         

Total Investments—100.0%
(Identified Cost $2,905,306,539) (c)

      2,918,998,756   

Liabilities in excess of other assets

      (605,181
         
Net Assets—100%     $ 2,918,393,575   
         

 

(a) A Portfolio of the Metropolitan Series Fund, Inc.
(b) A Portfolio of the Met Investors Series Trust.
(c) The aggregate cost of investments for federal income tax purposes as of September 30, 2009 was $2,905,306,539 and the composition of unrealized appreciation and depreciation of investment securities was $164,579,892 and $(150,887,675), respectively.

 

VALUATION INPUTS

 

The Portfolio is subject to the provisions of the Statement of Financial Accounting Standards No. 157, Fair Value Measurements (“FAS 157”). FAS 157 establishes a framework for measuring fair value and expands disclosures about fair value measurements in 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 Portfolio’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 investments as of September 30, 2009:

 

Description    Level 1    Level 2    Level 3    Total

Total Mutual Funds

   $ 2,918,998,756    $ —      $ —      $ 2,918,998,756

Total Investments

   $ 2,918,998,756    $ —      $ —      $ 2,918,998,756
                             

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

MetLife Moderate to Aggressive Allocation Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Mutual Funds—100.0%

 

Security Description   Shares   Value
   

Affiliated Investment Companies—100.0%

 

Artio International Stock Portfolio,
(Class A) (a)

  11,127,317   $ 102,816,409

BlackRock High Yield Portfolio, (Class A) (b)

  3,370,967     25,349,673

BlackRock Large Cap Value Portfolio, (Class A) (a)

  25,453,538     229,590,911

Clarion Global Real Estate Portfolio, (Class A) (b)

  5,934,404     54,240,450

Davis Venture Value Portfolio, (Class A) (a)

  6,829,276     180,429,459

Dreman Small Cap Value Portfolio, (Class A) (b)

  6,663,919     78,967,437

FI Mid Cap Opportunities Portfolio, (Class A) (a)

  2,211,623     26,296,193

Harris Oakmark International Portfolio, (Class A) (b)

  9,049,720     104,343,268

Janus Forty Portfolio, (Class A) (b)

  801,767     49,653,419

Jennison Growth Portfolio, (Class A) (a)

  17,534,380     175,519,141

Lazard Mid-Cap Portfolio, (Class A) (b)

  5,975,080     52,640,455

Lord Abbett Bond Debenture Portfolio, (Class A) (b)

  4,317,605     50,213,746

Met/AIM Small Cap Growth Portfolio, (Class A) (b)

  7,153,526     76,900,401

Met/Artisan Mid Cap Value Portfolio, (Class A) (a)

  559,692     77,276,729

Met/Dimensional International Small Company Portfolio, (Class A) (a)

  3,679,337     53,497,558

Met/Franklin Mutual Shares Portfolio, (Class A) (b)

  19,850,407     154,436,169

Met/Templeton International Bond Fund Portfolio, (Class A) (b)

  6,847,258     72,923,297
Security Description   Shares   Value  
   

Affiliated Investment Companies—(Continued)

 

MFS Emerging Markets Equity Portfolio, (Class A) (b)

  5,903,695   $ 52,365,777   

MFS Research International Portfolio, (Class A) (b)

  8,565,269     78,543,519   

MFS Value Portfolio, (Class A) (a)

  14,231,766     151,710,623   

PIMCO Total Return Portfolio, (Class A) (b)

  25,036,254     296,429,253   

Pioneer Fund Portfolio, (Class A) (b)

  10,960,373     124,729,040   

T. Rowe Price Large Cap Growth Portfolio, (Class A) (a)

  15,004,056     177,347,943   

T.Rowe Price Mid Cap Growth Portfolio, (Class A) (b)

  7,113,548     52,426,850   

Van Eck Global Natural Resources Portfolio, (Class A) (a)

  3,668,965     51,842,472   
         

Total Mutual Funds
(Identified Cost $2,658,622,593)

      2,550,490,192   
         

Total Investments—100.0%
(Identified Cost $2,658,622,593) (c)

      2,550,490,192   

Liabilities in excess of other assets

      (577,369
         
Net Assets—100%     $ 2,549,912,823   
         

 

(a) A Portfolio of the Metropolitan Series Fund, Inc.
(b) A Portfolio of the Met Investors Series Trust.
(c) The aggregate cost of investments for federal income tax purposes as of September 30, 2009 was $2,658,622,593 and the composition of unrealized appreciation and depreciation of investment securities was $142,544,656 and $(250,677,057), respectively.

 

VALUATION INPUTS

 

The Portfolio is subject to the provisions of the Statement of Financial Accounting Standards No. 157, Fair Value Measurements (“FAS 157”). FAS 157 establishes a framework for measuring fair value and expands disclosures about fair value measurements in 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 Portfolio’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 investments as of September 30, 2009:

 

Description    Level 1    Level 2    Level 3    Total

Total Mutual Funds

   $ 2,550,490,192    $ —      $ —      $ 2,550,490,192

Total Investments

   $ 2,550,490,192    $ —      $ —      $ 2,550,490,192
                             

 

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

MetLife Stock Index Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—99.0% of Net Assets

 

Security Description   Shares   Value
   

Aerospace & Defense—2.6%

   

Boeing Co.

  351,410   $ 19,028,851

General Dynamics Corp.

  186,287     12,034,140

Goodrich Corp.

  59,977     3,259,150

Honeywell International, Inc.

  363,805     13,515,356

L-3 Communications Holdings, Inc.

  56,394     4,529,566

Lockheed Martin Corp.

  156,182     12,194,691

Northrop Grumman Corp.

  153,884     7,963,497

Precision Castparts Corp.

  67,831     6,909,944

Raytheon Co.

  188,366     9,035,917

Rockwell Collins, Inc.

  76,261     3,874,059

United Technologies Corp.

  455,340     27,743,866
       
      120,089,037
       

Air Freight & Logistics—1.0%

   

C. H. Robinson Worldwide, Inc.

  81,454     4,703,969

Expeditors International of Washington, Inc.

  102,618     3,607,023

FedEx Corp.

  151,091     11,365,065

United Parcel Service, Inc. (Class B)

  481,067     27,165,853
       
      46,841,910
       

Airlines—0.1%

   

Southwest Airlines Co.

  358,673     3,443,261
       

Auto Components—0.2%

   

Johnson Controls, Inc. (a)

  288,051     7,362,584

The Goodyear Tire & Rubber Co. (b)

  117,015     1,992,765
       
      9,355,349
       

Automobiles—0.3%

   

Ford Motor Co. (b)

  1,558,294     11,235,300

Harley-Davidson, Inc. (a)

  113,473     2,609,879
       
      13,845,179
       

Beverages—2.7%

   

Brown-Forman Corp. (Class B) (a)

  53,155     2,563,134

Coca-Cola Enterprises, Inc.

  153,428     3,284,894

Constellation Brands, Inc. (b)

  96,123     1,456,263

Dr. Pepper Snapple Group, Inc. (b)

  122,885     3,532,944

Molson Coors Brewing Co.

  75,854     3,692,573

Pepsi Bottling Group, Inc.

  69,684     2,539,285

PepsiCo, Inc.

  753,612     44,206,880

The Coca-Cola Co.

  1,121,059     60,200,868
       
      121,476,841
       

Biotechnology—1.7%

   

Amgen, Inc. (b)

  491,236     29,587,144

Biogen Idec, Inc. (b)

  139,734     7,059,362

Celgene Corp. (b)

  221,858     12,401,862

Cephalon, Inc. (a) (b)

  36,111     2,103,105

Genzyme Corp. (b)

  130,761     7,418,072

Gilead Sciences, Inc. (b)

  437,435     20,375,722
       
      78,945,267
       

Building Products—0.1%

   

Masco Corp.

  173,762     2,245,005
       
Security Description   Shares   Value
   

Capital Markets—3.0%

   

Ameriprise Financial, Inc.

  123,356   $ 4,481,523

E*Trade Financial Corp. (b)

  448,416     784,728

Federated Investors, Inc. (Class B) (a)

  42,798     1,128,583

Franklin Resources, Inc.

  72,424     7,285,854

Invesco, Ltd.

  201,265     4,580,791

Janus Capital Group, Inc.

  88,100     1,249,258

Legg Mason, Inc.

  78,557     2,437,624

Morgan Stanley

  657,495     20,303,446

Northern Trust Corp.

  116,778     6,791,809

State Street Corp.

  239,208     12,582,341

T. Rowe Price Group, Inc. (a)

  123,899     5,662,184

The Bank of New York Mellon Corp.

  581,866     16,868,295

The Charles Schwab Corp.

  460,479     8,818,173

The Goldman Sachs Group, Inc.

  247,310     45,591,599
       
      138,566,208
       

Chemicals—2.0%

   

Air Products & Chemicals, Inc.

  101,627     7,884,223

Airgas, Inc.

  39,504     1,910,808

CF Industries Holdings, Inc.

  23,441     2,021,317

E. I. du Pont de Nemours & Co.

  437,119     14,049,005

Eastman Chemical Co. (a)

  35,152     1,882,038

Ecolab, Inc.

  114,564     5,296,294

FMC Corp.

  35,069     1,972,631

International Flavors & Fragrances, Inc.

  38,212     1,449,381

Monsanto Co.

  264,085     20,440,179

PPG Industries, Inc.

  79,775     4,643,703

Praxair, Inc.

  148,413     12,123,858

Sigma-Aldrich Corp. (a)

  58,927     3,180,879

The Dow Chemical Co.

  553,224     14,422,550
       
      91,276,866
       

Commercial Banks—2.8%

   

BB&T Corp.

  329,717     8,981,491

Comerica, Inc.

  73,101     2,168,906

Fifth Third Bancorp

  384,731     3,897,325

First Horizon National Corp. (b)

  105,761     1,399,223

Huntington Bancshares, Inc.

  321,313     1,513,384

KeyCorp.

  424,994     2,762,461

M&T Bank Corp. (a)

  39,943     2,489,248

Marshall & Ilsley Corp.

  178,075     1,437,065

PNC Financial Services Group, Inc.

  223,203     10,845,434

Regions Financial Corp.

  574,785     3,569,415

SunTrust Banks, Inc.

  241,307     5,441,473

U.S. Bancorp

  924,914     20,218,620

Wells Fargo & Co.

  2,259,883     63,683,503

Zions Bancorp (a)

  61,163     1,099,099
       
      129,506,647
       

Commercial Services & Supplies—0.5%

 

Avery Dennison Corp. (a)

  54,540     1,963,985

Cintas Corp.

  63,564     1,926,625

Iron Mountain, Inc. (b)

  87,184     2,324,326

Pitney Bowes, Inc.

  100,161     2,489,001

R.R. Donnelley & Sons Co.

  99,313     2,111,394

Republic Services, Inc.

  155,920     4,142,795

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

MetLife Stock Index Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares   Value
   

Commercial Services & Supplies—(Continued)

 

Stericycle, Inc. (b)

  41,143   $ 1,993,378

Waste Management, Inc.

  238,338     7,107,239
       
      24,058,743
       

Communications Equipment—2.7%

   

Ciena Corp. (a) (b)

  44,279     720,862

Cisco Systems, Inc. (b)

  2,790,203     65,681,379

Harris Corp.

  63,405     2,384,028

JDS Uniphase Corp. (b)

  104,974     746,365

Juniper Networks, Inc. (b)

  253,588     6,851,948

Motorola, Inc. (b)

  1,110,378     9,538,147

QUALCOMM, Inc.

  804,140     36,170,217

Tellabs, Inc. (b)

  191,649     1,326,211
       
      123,419,157
       

Computers & Peripherals—5.7%

   

Apple, Inc. (b)

  433,350     80,330,090

Dell, Inc. (b)

  832,506     12,704,042

EMC Corp. (b)

  978,162     16,667,881

Hewlett-Packard Co.

  1,147,000     54,149,870

International Business Machines Corp.

  634,138     75,849,246

Lexmark International, Inc. (Class A) (a) (b)

  37,775     813,674

NetApp, Inc. (b)

  162,715     4,341,236

QLogic Corp. (b)

  57,130     982,636

SanDisk Corp. (b)

  109,839     2,383,506

Sun Microsystems, Inc. (b)

  364,438     3,312,741

Teradata Corp. (b)

  83,108     2,287,132

Western Digital Corp. (b)

  108,691     3,970,482
       
      257,792,536
       

Construction & Engineering—0.2%

   

Fluor Corp.

  87,010     4,424,458

Jacobs Engineering Group, Inc. (b)

  59,942     2,754,335

Quanta Services, Inc. (a) (b)

  95,939     2,123,130
       
      9,301,923
       

Construction Materials—0.1%

   

Vulcan Materials Co.

  60,463     3,269,234
       

Consumer Finance—0.7%

   

American Express Co.

  575,275     19,501,823

Capital One Financial Corp.

  220,089     7,863,780

Discover Financial Services

  259,145     4,205,923

SLM Corp. (b)

  226,204     1,972,499
       
      33,544,025
       

Containers & Packaging—0.2%

   

Ball Corp.

  45,530     2,240,076

Bemis Co., Inc.

  52,242     1,353,590

Owens-Illinois, Inc. (b)

  81,454     3,005,653

Pactiv Corp. (b)

  63,837     1,662,954

Sealed Air Corp.

  76,808     1,507,741
       
      9,770,014
       
Security Description   Shares   Value
   

Distributors—0.1%

   

Genuine Parts Co.

  77,173   $ 2,937,204
       

Diversified Consumer Services—0.2%

   

Apollo Group, Inc. (Class A) (b)

  61,708     4,546,029

DeVry, Inc.

  29,951     1,656,889

H&R Block, Inc.

  162,203     2,981,291
       
      9,184,209
       

Diversified Financial Services—4.5%

   

Bank of America Corp.

  4,185,195     70,813,499

Citigroup, Inc.

  6,308,937     30,535,255

CME Group, Inc.

  32,134     9,903,378

IntercontinentalExchange, Inc. (b)

  35,396     3,440,137

JPMorgan Chase & Co.

  1,902,376     83,362,116

Leucadia National Corp.

  91,952     2,273,054

Moody’s Corp. (a)

  94,877     1,941,183

NYSE Euronext

  125,774     3,633,611

The NASDAQ OMX Group, Inc. (b)

  68,652     1,445,125
       
      207,347,358
       

Diversified Telecommunication Services—2.8%

AT&T, Inc.

  2,854,116     77,089,673

CenturyTel, Inc.

  143,799     4,831,646

Frontier Communications Corp.

  151,103     1,139,317

Qwest Communications International, Inc. (a)

  717,139     2,732,300

Verizon Communications, Inc.

  1,374,142     41,595,278

Windstream Corp.

  211,257     2,140,033
       
      129,528,247
       

Electric Utilities—2.1%

   

Allegheny Energy, Inc.

  81,987     2,174,295

American Electric Power Co., Inc.

  230,647     7,147,750

Duke Energy Corp.

  627,288     9,873,513

Edison International

  157,610     5,292,544

Entergy Corp.

  94,714     7,563,860

Exelon Corp.

  318,829     15,820,295

FirstEnergy Corp.

  147,464     6,742,054

FPL Group, Inc.

  199,044     10,993,200

Northeast Utilities

  84,792     2,012,962

Pepco Holdings, Inc.

  106,821     1,589,496

Pinnacle West Capital Corp.

  48,956     1,606,736

PPL Corp.

  182,170     5,527,038

Progress Energy, Inc.

  135,110     5,277,397

Southern Co.

  385,089     12,195,769
       
      93,816,909
       

Electrical Equipment—0.4%

   

Emerson Electric Co.

  363,580     14,572,286

Rockwell Automation, Inc. (a)

  68,671     2,925,385
       
      17,497,671
       

Electronic Equipment, Instruments & Components—0.5%

Agilent Technologies, Inc. (b)

  166,947     4,646,135

Amphenol Corp. (Class A)

  82,924     3,124,576

Corning, Inc.

  752,028     11,513,549

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

MetLife Stock Index Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares   Value
   

Electronic Equipment, Instruments & Components—(Continued)

FLIR Systems, Inc. (a) (b)

  73,278   $ 2,049,585

Jabil Circuit, Inc.

  89,202     1,196,199

Molex, Inc. (a)

  65,750     1,372,860
       
      23,902,904
       

Energy Equipment & Services—1.9%

   

Baker Hughes, Inc.

  149,903     6,394,862

BJ Services Co.

  141,314     2,745,731

Cameron International Corp. (b)

  106,353     4,022,271

Diamond Offshore Drilling, Inc. (a)

  33,622     3,211,573

ENSCO International, Inc.

  68,908     2,931,346

FMC Technologies, Inc. (b)

  59,237     3,094,541

Halliburton Co.

  436,203     11,829,825

Nabors Industries, Ltd. (a) (b)

  137,404     2,871,744

National Oilwell Varco, Inc. (b)

  202,303     8,725,328

Rowan Cos., Inc. (a) (b)

  55,024     1,269,404

Schlumberger, Ltd.

  579,445     34,534,922

Smith International, Inc. (a)

  106,684     3,061,831
       
      84,693,378
       

Food & Staples Retailing—2.8%

   

Costco Wholesale Corp.

  210,373     11,877,660

CVS Caremark Corp.

  698,161     24,952,274

Safeway, Inc.

  201,481     3,973,205

SUPERVALU, Inc. (a)

  102,549     1,544,388

Sysco Corp.

  285,903     7,104,690

The Kroger Co.

  315,137     6,504,428

Wal-Mart Stores, Inc.

  1,044,811     51,289,772

Walgreen Co.

  480,062     17,987,923

Whole Foods Market, Inc. (b)

  67,956     2,071,978
       
      127,306,318
       

Food Products—1.6%

   

Archer-Daniels-Midland Co.

  310,586     9,075,323

Campbell Soup Co.

  93,206     3,040,380

ConAgra Foods, Inc.

  213,861     4,636,507

Dean Foods Co. (b)

  87,212     1,551,501

General Mills, Inc.

  157,420     10,134,700

H.J. Heinz Co.

  152,472     6,060,762

Hormel Foods Corp.

  33,761     1,199,191

Kellogg Co.

  124,084     6,108,655

Kraft Foods, Inc. (Class A)

  713,512     18,743,960

McCormick & Co., Inc.

  63,219     2,145,653

Sara Lee Corp.

  336,523     3,748,866

The Hershey Co.

  80,221     3,117,388

The J. M. Smucker Co.

  57,542     3,050,301

Tyson Foods, Inc. (Class A)

  147,697     1,865,413
       
      74,478,600
       

Gas Utilities—0.2%

   

EQT Corp.

  63,325     2,697,645

Nicor, Inc. (a)

  21,876     800,443

Questar Corp.

  84,282     3,165,632
       
      6,663,720
       
Security Description   Shares   Value
   

Health Care Equipment & Supplies—2.0%

   

Baxter International, Inc.

  291,561   $ 16,621,893

Becton, Dickinson & Co.

  115,805     8,077,399

Boston Scientific Corp. (b)

  729,250     7,722,757

C.R. Bard, Inc.

  47,222     3,712,121

CareFusion Corp. (b)

  87,079     1,898,322

Dentsply International, Inc. (a)

  71,881     2,482,770

Hospira, Inc. (b)

  77,926     3,475,500

Intuitive Surgical, Inc. (b)

  18,351     4,812,550

Medtronic, Inc.

  535,415     19,703,272

St. Jude Medical, Inc. (b)

  168,335     6,566,748

Stryker Corp.

  136,542     6,203,103

Varian Medical Systems, Inc. (b)

  60,725     2,558,344

Zimmer Holdings, Inc. (b)

  103,669     5,541,108
       
      89,375,887
       

Health Care Providers & Services—2.0%

   

Aetna, Inc.

  211,156     5,876,471

AmerisourceBergen Corp.

  143,797     3,218,177

Cardinal Health, Inc.

  173,996     4,663,093

CIGNA Corp.

  131,920     3,705,633

Coventry Health Care, Inc. (b)

  72,356     1,444,226

DaVita, Inc. (b)

  50,310     2,849,558

Express Scripts, Inc. (b)

  132,748     10,298,590

Humana, Inc. (b)

  82,071     3,061,248

Laboratory Corp. of America Holdings (a) (b)

  52,390     3,442,023

McKesson Corp.

  128,745     7,666,765

Medco Health Solutions, Inc. (b)

  229,172     12,675,503

Patterson Cos., Inc. (a) (b)

  44,969     1,225,405

Quest Diagnostics, Inc.

  75,478     3,939,197

Tenet Healthcare Corp. (b)

  209,451     1,231,572

UnitedHealth Group, Inc.

  562,319     14,080,468

WellPoint, Inc. (b)

  229,808     10,883,707
       
      90,261,636
       

Health Care Technology—0.0%

   

IMS Health, Inc.

  88,229     1,354,315
       

Hotels, Restaurants & Leisure—1.5%

   

Carnival Corp. (b)

  211,959     7,053,995

Darden Restaurants, Inc.

  67,453     2,302,171

International Game Technology

  143,334     3,078,814

Marriott International, Inc. (a)

  121,601     3,354,972

McDonald’s Corp.

  527,938     30,129,422

Starbucks Corp. (b)

  356,571     7,363,191

Starwood Hotels & Resorts Worldwide, Inc. (a)

  90,380     2,985,251

Wyndham Worldwide Corp.

  86,405     1,410,130

Wynn Resorts, Ltd. (b)

  33,352     2,364,323

Yum! Brands, Inc.

  225,697     7,619,531
       
      67,661,800
       

Household Durables—0.4%

   

Black & Decker Corp.

  29,106     1,347,317

D.R. Horton, Inc. (a)

  133,454     1,522,710

Fortune Brands, Inc.

  72,682     3,123,872

Harman International Industries, Inc.

  33,538     1,136,267

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

MetLife Stock Index Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares   Value
   

Household Durables—(Continued)

   

KB Home (a)

  35,788   $ 594,439

Leggett & Platt, Inc. (a)

  75,531     1,465,301

Lennar Corp. (Class A)

  74,600     1,063,050

Newell Rubbermaid, Inc.

  134,336     2,107,732

Pulte Homes, Inc. (a) (b)

  152,900     1,680,371

Snap-On, Inc.

  27,919     970,464

The Stanley Works

  38,388     1,638,784

Whirlpool Corp. (a)

  35,812     2,505,408
       
      19,155,715
       

Household Products—2.5%

   

Clorox Co. (a)

  67,409     3,964,997

Colgate-Palmolive Co.

  241,114     18,392,176

Kimberly-Clark Corp.

  200,510     11,826,080

Procter & Gamble Co.

  1,412,009     81,783,561
       
      115,966,814
       

Independent Power Producers & Energy Traders—0.2%

Constellation Energy Group, Inc.

  97,054     3,141,638

Dynegy, Inc. (b)

  245,251     625,390

The AES Corp. (b)

  322,663     4,781,866
       
      8,548,894
       

Industrial Conglomerates—2.5%

   

3M Co.

  337,812     24,930,526

General Electric Co.

  5,140,718     84,410,590

Textron, Inc. (a)

  130,726     2,481,179
       
      111,822,295
       

Insurance—2.6%

   

Aflac, Inc.

  226,164     9,666,249

American International Group, Inc. (a)

  65,101     2,871,605

AON Corp.

  132,780     5,402,818

Assurant, Inc.

  57,047     1,828,927

Cincinnati Financial Corp.

  78,674     2,044,737

Genworth Financial, Inc. (Class A) (b)

  232,785     2,781,781

Lincoln National Corp.

  146,137     3,786,410

Loews Corp.

  175,960     6,026,630

Marsh & McLennan Cos., Inc.

  253,399     6,266,557

MBIA, Inc. (a) (b)

  76,469     593,399

MetLife, Inc. (c)

  396,015     15,076,291

Principal Financial Group, Inc.

  154,284     4,225,839

Prudential Financial, Inc.

  223,976     11,178,642

The Allstate Corp.

  259,476     7,945,155

The Chubb Corp.

  169,265     8,532,649

The Hartford Financial Services Group, Inc.

  185,888     4,926,032

The Progressive Corp. (b)

  328,272     5,442,750

The Travelers Cos., Inc.

  274,557     13,516,441

Torchmark Corp.

  40,023     1,738,199

Unum Group

  160,321     3,437,282

XL Capital, Ltd. (Class A)

  165,525     2,890,067
       
      120,178,460
       
Security Description   Shares   Value
   

Internet & Catalog Retail—0.4%

   

Amazon.com, Inc. (b)

  160,842   $ 15,016,209

Expedia, Inc. (b)

  101,866     2,439,691
       
      17,455,900
       

Internet Software & Services—1.9%

   

Akamai Technologies, Inc. (a) (b)

  83,398     1,641,272

eBay, Inc. (b)

  543,080     12,822,119

Google, Inc. (Class A) (b)

  116,387     57,710,494

VeriSign, Inc. (a) (b)

  93,300     2,210,277

Yahoo!, Inc. (a) (b)

  577,054     10,277,332
       
      84,661,494
       

IT Services—1.1%

   

Affiliated Computer Services, Inc. (Class A) (b)

  47,234     2,558,666

Automatic Data Processing, Inc.

  242,915     9,546,560

Cognizant Technology Solutions Corp. (Class A) (b)

  141,840     5,483,534

Computer Sciences Corp. (b)

  73,385     3,868,123

Convergys Corp. (b)

  59,428     590,714

Fidelity National Information Services, Inc. (a)

  92,799     2,367,303

Fiserv, Inc. (b)

  74,681     3,599,624

MasterCard, Inc. (a)

  46,416     9,382,994

Paychex, Inc. (a)

  155,413     4,514,748

The Western Union Co.

  339,372     6,420,918

Total Systems Services, Inc. (a)

  95,369     1,536,395
       
      49,869,579
       

Leisure Equipment & Products—0.1%

   

Eastman Kodak Co. (a) (b)

  129,742     620,167

Hasbro, Inc.

  60,906     1,690,141

Mattel, Inc.

  174,133     3,214,495
       
      5,524,803
       

Life Sciences Tools & Services—0.4%

   

Life Technologies Corp. (b)

  85,304     3,970,901

Millipore Corp. (b)

  26,870     1,889,767

PerkinElmer, Inc.

  56,454     1,086,175

Thermo Fisher Scientific, Inc. (b)

  197,443     8,622,336

Waters Corp. (b)

  46,207     2,581,123
       
      18,150,302
       

Machinery—1.6%

   

Caterpillar, Inc. (a)

  300,550     15,427,231

Cummins, Inc.

  97,623     4,374,487

Danaher Corp.

  125,285     8,434,186

Deere & Co.

  204,600     8,781,432

Dover Corp.

  90,042     3,490,028

Eaton Corp.

  80,109     4,533,368

Flowserve Corp.

  27,055     2,666,000

Illinois Tool Works, Inc.

  186,297     7,956,745

ITT Corp.

  88,236     4,601,507

PACCAR, Inc. (a)

  175,755     6,627,721

Pall Corp.

  57,049     1,841,542

Parker Hannifin Corp.

  77,650     4,025,376
       
      72,759,623
       

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

MetLife Stock Index Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares   Value
   

Media—2.6%

   

CBS Corp. (Class B)

  327,847   $ 3,950,556

Comcast Corp. (Class A)

  1,388,258     23,447,678

Gannett Co., Inc. (a)

  113,560     1,420,636

Interpublic Group of Cos., Inc. (b)

  235,155     1,768,365

Meredith Corp.

  17,615     527,393

News Corp. (Class A)

  1,087,616     13,040,516

Omnicom Group, Inc.

  150,333     5,553,301

Scripps Networks Interactive, Inc.

  43,160     1,594,762

The DIRECTV Group, Inc. (a) (b)

  217,469     5,997,795

The McGraw-Hill Cos., Inc.

  152,284     3,828,420

The New York Times Co. (Class A)

  55,917     454,046

The Walt Disney Co.

  899,074     24,688,572

The Washington Post Co. (Class B)

  3,002     1,405,176

Time Warner Cable, Inc. (b)

  170,455     7,344,906

Time Warner, Inc.

  573,538     16,506,424

Viacom, Inc. (Class B) (b)

  293,571     8,231,731
       
      119,760,277
       

Metals & Mining—1.0%

   

AK Steel Holding Corp.

  52,918     1,044,072

Alcoa, Inc.

  471,350     6,184,112

Allegheny Technologies, Inc. (a)

  47,443     1,660,031

Freeport-McMoRan Copper & Gold, Inc. (b)

  199,205     13,667,455

Newmont Mining Corp.

  237,036     10,434,325

Nucor Corp.

  152,223     7,156,003

Titanium Metals Corp.

  41,054     393,708

United States Steel Corp.

  69,333     3,076,305
       
      43,616,011
       

Multi-Utilities—1.3%

   

Ameren Corp.

  112,893     2,853,935

Centerpoint Energy, Inc.

  186,920     2,323,416

CMS Energy Corp. (a)

  110,738     1,483,889

Consolidated Edison, Inc.

  133,024     5,446,003

Dominion Resources, Inc.

  287,952     9,934,344

DTE Energy Co.

  79,563     2,795,844

Integrys Energy Group, Inc. (a)

  36,969     1,326,817

NiSource, Inc.

  133,194     1,850,065

PG&E Corp.

  179,319     7,260,626

Public Service Enterprise Group, Inc.

  244,768     7,695,506

SCANA Corp.

  53,341     1,861,601

Sempra Energy

  118,682     5,911,550

TECO Energy, Inc.

  103,398     1,455,844

Wisconsin Energy Corp.

  56,556     2,554,635

Xcel Energy, Inc.

  220,456     4,241,573
       
      58,995,648
       

Multiline Retail—0.9%

   

Big Lots, Inc. (b)

  39,969     1,000,024

Family Dollar Stores, Inc.

  67,591     1,784,402

J.C. Penney Co., Inc.

  114,101     3,850,909

Kohl’s Corp. (b)

  147,825     8,433,416

Macy’s, Inc.

  203,427     3,720,680

Nordstrom, Inc. (a)

  79,690     2,433,733

Sears Holdings Corp. (a) (b)

  24,140     1,576,583

Target Corp.

  363,711     16,978,030
       
      39,777,777
       
Security Description   Shares   Value
   

Office Electronics—0.1%

   

Xerox Corp.

  420,416   $ 3,254,020
       

Oil, Gas & Consumable Fuels—9.7%

   

Anadarko Petroleum Corp.

  237,291     14,885,264

Apache Corp.

  162,417     14,914,753

Cabot Oil & Gas Corp.

  50,138     1,792,433

Chesapeake Energy Corp.

  310,398     8,815,303

Chevron Corp.

  970,164     68,328,651

ConocoPhillips

  717,352     32,395,616

Consol Energy, Inc.

  87,414     3,943,246

Denbury Resources, Inc. (a) (b)

  120,665     1,825,661

Devon Energy Corp.

  214,688     14,454,943

El Paso Corp.

  339,202     3,500,565

EOG Resources, Inc.

  121,872     10,177,531

Exxon Mobil Corp.

  2,324,794     159,504,116

Hess Corp.

  140,808     7,527,596

Marathon Oil Corp.

  342,361     10,921,316

Massey Energy Co.

  41,346     1,153,140

Murphy Oil Corp.

  92,308     5,314,172

Noble Energy, Inc.

  83,880     5,532,725

Occidental Petroleum Corp.

  392,212     30,749,421

Peabody Energy Corp.

  129,475     4,819,059

Pioneer Natural Resources Co.

  55,662     2,019,974

Range Resources Corp. (a)

  76,072     3,754,914

Southwestern Energy Co. (b)

  166,646     7,112,451

Spectra Energy Corp.

  312,456     5,917,917

Sunoco, Inc. (a)

  56,550     1,608,847

Tesoro Corp. (a)

  67,507     1,011,255

The Williams Cos., Inc.

  282,008     5,039,483

Valero Energy Corp.

  272,234     5,278,617

XTO Energy, Inc.

  280,671     11,597,326
       
      443,896,295
       

Paper & Forest Products—0.2%

   

International Paper Co.

  209,347     4,653,784

MeadWestvaco Corp.

  82,776     1,846,732

Weyerhaeuser Co.

  102,244     3,747,243
       
      10,247,759
       

Personal Products—0.2%

   

Avon Products, Inc.

  206,536     7,013,963

The Estee Lauder Cos., Inc. (Class A) (a)

  57,092     2,116,971
       
      9,130,934
       

Pharmaceuticals—6.9%

   

Abbott Laboratories

  747,833     36,995,298

Allergan, Inc.

  148,759     8,443,561

Bristol-Myers Squibb Co.

  958,269     21,580,218

Eli Lilly & Co.

  489,137     16,156,195

Forest Laboratories, Inc. (b)

  145,936     4,296,356

Johnson & Johnson

  1,333,121     81,173,738

King Pharmaceuticals, Inc. (b)

  120,035     1,292,777

Merck & Co., Inc. (a)

  1,020,160     32,267,661

Mylan, Inc. (a) (b)

  147,703     2,364,725

Pfizer, Inc.

  3,264,887     54,033,880

Schering-Plough Corp.

  790,415     22,329,224

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

MetLife Stock Index Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares   Value
   

Pharmaceuticals—(Continued)

   

Watson Pharmaceuticals, Inc. (b)

  51,146   $ 1,873,989

Wyeth

  645,832     31,374,518
       
      314,182,140
       

Professional Services—0.1%

   

Dun & Bradstreet Corp.

  25,524     1,922,468

Equifax, Inc.

  61,133     1,781,416

Monster Worldwide, Inc. (a) (b)

  60,904     1,064,602

Robert Half International, Inc. (a)

  73,465     1,838,094
       
      6,606,580
       

Real Estate Investment Trusts—1.1%

   

Apartment Investment & Management Co.

  56,619     835,130

AvalonBay Communities, Inc.

  38,669     2,812,396

Boston Properties, Inc. (a)

  67,040     4,394,472

Equity Residential

  132,535     4,068,825

HCP, Inc.

  141,785     4,074,901

Health Care REIT, Inc.

  57,996     2,413,794

Host Hotels & Resorts, Inc.

  292,134     3,438,417

Kimco Realty Corp.

  182,066     2,374,141

Plum Creek Timber Co., Inc. (a)

  78,760     2,413,206

ProLogis (a)

  214,202     2,553,288

Public Storage

  65,602     4,935,894

Simon Property Group, Inc.

  136,936     9,507,466

Ventas, Inc.

  75,725     2,915,413

Vornado Realty Trust

  75,524     4,864,501
       
      51,601,844
       

Real Estate Management & Development—0.0%

 

CB Richard Ellis Group, Inc. (a) (b)

  116,183     1,363,988
       

Road & Rail—0.9%

   

Burlington Northern Santa Fe Corp.

  126,655     10,110,869

CSX Corp.

  189,642     7,938,414

Norfolk Southern Corp.

  177,844     7,666,855

Ryder System, Inc.

  27,067     1,057,237

Union Pacific Corp.

  243,957     14,234,891
       
      41,008,266
       

Semiconductors & Semiconductor Equipment—2.6%

Advanced Micro Devices, Inc. (a) (b)

  271,285     1,535,473

Altera Corp.

  142,311     2,918,799

Analog Devices, Inc.

  141,036     3,889,773

Applied Materials, Inc.

  645,182     8,645,439

Broadcom Corp. (b)

  208,705     6,405,156

Intel Corp.

  2,708,023     52,996,010

KLA-Tencor Corp. (a)

  82,560     2,960,602

Linear Technology Corp. (a)

  107,533     2,971,137

LSI Corp. (a) (b)

  315,362     1,731,337

MEMC Electronic Materials, Inc. (b)

  108,142     1,798,401

Microchip Technology, Inc. (a)

  88,502     2,345,303

Micron Technology, Inc. (a) (b)

  409,659     3,359,204

National Semiconductor Corp. (a)

  113,225     1,615,721

Novellus Systems, Inc. (b)

  47,207     990,403

NVIDIA Corp. (b)

  264,997     3,982,905
Security Description   Shares   Value
   

Semiconductors & Semiconductor Equipment—(Continued)

Teradyne, Inc. (a) (b)

  84,449   $ 781,153

Texas Instruments, Inc.

  610,212     14,455,922

Xilinx, Inc.

  133,521     3,127,062
       
      116,509,800
       

Software—4.0%

   

Adobe Systems, Inc. (b)

  253,967     8,391,070

Autodesk, Inc. (b)

  111,133     2,644,965

BMC Software, Inc. (b)

  89,004     3,340,320

CA, Inc.

  192,574     4,234,702

Citrix Systems, Inc. (b)

  88,547     3,473,699

Compuware Corp. (b)

  114,908     842,276

Electronic Arts, Inc. (a) (b)

  156,503     2,981,382

Intuit, Inc. (b)

  156,281     4,454,008

McAfee, Inc. (b)

  76,045     3,330,011

Microsoft Corp.

  3,750,156     97,091,539

Novell, Inc. (b)

  167,762     756,607

Oracle Corp.

  1,889,347     39,373,991

Red Hat, Inc. (b)

  90,948     2,513,803

Salesforce.com, Inc. (a) (b)

  52,787     3,005,164

Symantec Corp. (b)

  394,015     6,489,427
       
      182,922,964
       

Specialty Retail—1.9%

   

Abercrombie & Fitch Co. (Class A) (a)

  42,548     1,398,978

AutoNation, Inc. (a) (b)

  45,642     825,207

AutoZone, Inc. (b)

  15,597     2,280,593

Bed Bath & Beyond, Inc. (b)

  126,690     4,755,943

Best Buy Co., Inc. (a)

  165,159     6,196,766

GameStop Corp. (Class A) (a) (b)

  79,661     2,108,627

Home Depot, Inc.

  824,577     21,966,731

Limited Brands, Inc.

  129,162     2,194,462

Lowe’s Cos., Inc.

  714,766     14,967,200

O’Reilly Automotive, Inc. (a) (b)

  66,148     2,390,589

Office Depot, Inc. (b)

  132,903     879,818

RadioShack Corp.

  60,552     1,003,347

Staples, Inc.

  349,431     8,113,788

The Gap, Inc.

  232,929     4,984,681

The Sherwin-Williams Co. (a)

  47,253     2,842,740

The TJX Cos., Inc.

  205,039     7,617,199

Tiffany & Co.

  60,038     2,313,264
       
      86,839,933
       

Textiles, Apparel & Luxury Goods—0.5%

   

Coach, Inc.

  153,872     5,065,466

Nike, Inc. (a)

  188,055     12,167,158

Polo Ralph Lauren Corp. (a)

  27,972     2,143,215

VF Corp. (a)

  43,132     3,124,051
       
      22,499,890
       

Thrifts & Mortgage Finance—0.1%

   

Hudson City Bancorp, Inc.

  228,170     3,000,436

People’s United Financial, Inc. (a)

  168,524     2,622,233
       
      5,622,669
       

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

MetLife Stock Index Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—(Continued)

 

    
Security Description
  Shares   Value
   

Tobacco—1.6%

   

Altria Group, Inc.

  1,002,016   $ 17,845,905

Lorillard, Inc.

  79,894     5,936,124

Philip Morris International, Inc.

  935,791     45,610,453

Reynolds American, Inc.

  81,748     3,639,421
       
      73,031,903
       

Trading Companies & Distributors—0.1%

 

Fastenal Co. (a)

  63,948     2,474,788

W.W. Grainger, Inc. (a)

  30,273     2,705,195
       
      5,179,983
       

Wireless Telecommunication Services—0.3%

 

American Tower Corp. (Class A) (b)

  190,903     6,948,869

MetroPCS Communications, Inc. (a) (b)

  126,060     1,179,921

Sprint Nextel Corp. (b)

  1,391,187     5,495,189
       
      13,623,979
       

Total Common Stock
(Identified Cost $4,791,694,380)

      4,516,523,897
       
Mutual Funds—0.5%          

Exchange Traded Funds—0.5%

   

SPDR Trust, Series 1

  225,000     23,751,000
       

Total Mutual Funds
(Identified Cost $23,501,677)

      23,751,000
       
Short Term Investments—2.9%  
Security Description   Shares/Par
Amount
  Value  
   

Discount Notes—0.3%

   

Federal Home Loan Bank
0.010%, 10/28/09

  $ 14,025,000   $ 14,024,264   

Federal Home Loan Mortgage Corp.
0.010%, 11/16/09

    900,000     899,787   
         
      14,924,051   
         

Mutual Funds—2.6%

   

State Street Navigator Securities Lending Prime Portfolio (d)

    116,399,663     116,399,663   
         

Total Short Term Investments
(Identified Cost $131,323,714)

      131,323,714   
         

Total Investments—102.4%
(Identified Cost $4,946,519,771) (e)

      4,671,598,611   

Liabilities in excess of other assets

      (109,672,647
         
Net Assets—100%     $ 4,561,925,964   
         

 

(a) All or a portion of the security was on loan. As of September 30, 2009, the market value of securities loaned was $115,916,938 and the collateral received consisted of cash in the amount of $116,399,663 and non-cash collateral with a value of $2,982,728. 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, 2009 was $4,947,529,557 and the composition of unrealized appreciation and depreciation of investment securities was $621,693,122 and $(897,624,068), respectively.

 

Futures Contracts            

Futures Contracts-Long

   Counterparty    Expiration
Date
   Number of
Contracts
   Contract
Amount
   Valuation as of
9/30/2009
   Net Unrealized
Appreciation

S&P 500 Index Futures

   Morgan Stanley    12/17/2009    82    $ 21,266,085    $ 21,584,450    $ 318,365
                     
Affiliated Issuer                  

Security Description

   Number of Shares
Held at
12/31/2008
   Shares Purchased
Since
12/31/2008
   Shares Sold
Since
12/31/2008
   Number of Shares
Held at
9/30/2009
   Realized
Gain/Loss on
Shares Sold
   Income For
Period Ended
9/30/2009

MetLife, Inc.

   360,654    72,832    37,471      396,015      $(56,670)      $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-124


Table of Contents

Metropolitan Series Fund, Inc.

 

MetLife Stock Index Portfolio

 

 

VALUATION INPUTS

 

The Portfolio is subject to the provisions of the Statement of Financial Accounting Standards No. 157, Fair Value Measurements (“FAS 157”). FAS 157 establishes a framework for measuring fair value and expands disclosures about fair value measurements in 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 Portfolio’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 investments as of September 30, 2009:

 

Description    Level 1    Level 2    Level 3    Total

Total Common Stock

   $ 4,516,523,897    $      $      $ 4,516,523,897

Total Mutual Funds

     23,751,000      —        —        23,751,000
Short Term Investments            

Discount Notes

     —        14,924,051      —        14,924,051

Mutual Funds

     116,399,663      —        —        116,399,663

Total Short Term Investments

     116,399,663      14,924,051      —        131,323,714

Total Investments

   $ 4,656,674,560    $ 14,924,051    $ —      $ 4,671,598,611
                             
Futures Contracts*            

Futures Contracts Long (Appreciation)

   $ 318,365    $ —      $ —      $ 318,365
                             

 

* Derivative instruments such as forwards, futures, swap contracts and written options are valued based on the unrealized appreciation/depreciation on the instrument.

 

MSF-125


Table of Contents

Metropolitan Series Fund, Inc.

 

MFS Total Return Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—60.4% of Net Assets

 

Security Description   Shares   Value
   

Aerospace & Defense—4.3%

   

Goodrich Corp. (a)

  14,320   $ 778,149

Lockheed Martin Corp.

  315,709     24,650,559

Northrop Grumman Corp. (a)

  241,156     12,479,823

United Technologies Corp.

  237,920     14,496,465
       
      52,404,996
       

Air Freight & Logistics—0.2%

   

United Parcel Service, Inc. (Class B) (a)

  40,280     2,274,612
       

Auto Components—0.2%

   

Johnson Controls, Inc. (a)

  121,230     3,098,639
       

Beverages—1.6%

   

Diageo, Plc. (GBP)

  505,636     7,777,263

Heineken NV (EUR)

  46,720     2,154,733

PepsiCo, Inc.

  166,215     9,750,172
       
      19,682,168
       

Biotechnology—0.2%

   

Genzyme Corp. (a) (b)

  47,950     2,720,203
       

Capital Markets—4.8%

   

Franklin Resources, Inc. (a)

  21,960     2,209,176

Invesco, Ltd.

  53,810     1,224,716

Northern Trust Corp.

  19,140     1,113,182

State Street Corp.

  249,360     13,116,336

The Bank of New York Mellon Corp.

  654,870     18,984,681

The Charles Schwab Corp. (a)

  149,450     2,861,968

The Goldman Sachs Group, Inc.

  107,420     19,802,877
       
      59,312,936
       

Chemicals—1.4%

   

Air Products & Chemicals, Inc.

  90,944     7,055,436

PPG Industries, Inc. (a)

  171,310     9,971,955
       
      17,027,391
       

Commercial Banks—1.7%

   

PNC Financial Services Group, Inc. (a)

  125,820     6,113,594

Regions Financial Corp. (a)

  456,640     2,835,734

Wells Fargo & Co. (a)

  420,820     11,858,708
       
      20,808,036
       

Communications Equipment—0.3%

   

Cisco Systems, Inc. (a) (b)

  55,440     1,305,057

Nokia Oyj (ADR) (a)

  136,940     2,002,063
       
      3,307,120
       

Computers & Peripherals—1.4%

   

Dell, Inc. (a) (b)

  112,600     1,718,276

Hewlett-Packard Co. (a)

  150,010     7,081,972

International Business Machines Corp.

  74,110     8,864,297
       
      17,664,545
       

Diversified Consumer Services—0.2%

   

Apollo Group, Inc. (Class A) (b)

  35,150     2,589,501
       
Security Description   Shares   Value
   

Diversified Financial Services—2.7%

   

Bank of America Corp. (a)

  255,630   $ 4,325,260

Deutsche Boerse AG (EUR)

  12,780     1,044,133

JPMorgan Chase & Co.

  632,520     27,717,026
       
      33,086,419
       

Diversified Telecommunication Services—2.3%

 

AT&T, Inc.

  866,694     23,409,405

CenturyTel, Inc. (a)

  57,954     1,947,254

Koninklijke KPN NV (EUR)

  135,460     2,247,216
       
      27,603,875
       

Electric Utilities—1.7%

   

Allegheny Energy, Inc. (a)

  52,060     1,380,631

American Electric Power Co., Inc.

  76,550     2,372,285

Entergy Corp.

  31,818     2,540,985

FPL Group, Inc.

  139,840     7,723,363

Northeast Utilities

  27,450     651,663

PPL Corp. (a)

  155,036     4,703,792

Progress Energy, Inc. (a)

  42,680     1,667,081
       
      21,039,800
       

Electrical Equipment—0.2%

   

First Solar, Inc. (a) (b)

  6,210     949,261

Rockwell Automation, Inc. (a)

  31,550     1,344,030
       
      2,293,291
       

Electronic Equipment, Instruments & Components—0.3%

Agilent Technologies, Inc. (a) (b)

  44,370     1,234,817

Tyco Electronics, Ltd.

  110,160     2,454,365
       
      3,689,182
       

Energy Equipment & Services—0.4%

   

Halliburton Co.

  47,670     1,292,810

National Oilwell Varco, Inc. (b)

  62,020     2,674,923

Noble Corp.

  39,030     1,481,579
       
      5,449,312
       

Food & Staples Retailing—2.0%

   

CVS Caremark Corp.

  349,133     12,478,013

The Kroger Co.

  271,330     5,600,251

Wal-Mart Stores, Inc.

  27,350     1,342,612

Walgreen Co.

  131,170     4,914,940
       
      24,335,816
       

Food Products—2.3%

   

Campbell Soup Co. (a)

  79,300     2,586,766

General Mills, Inc.

  66,880     4,305,734

Groupe Danone (EUR)

  33,365     2,017,766

Kellogg Co. (a)

  64,590     3,179,766

Nestle S.A. (CHF)

  307,113     13,084,322

The J. M. Smucker Co. (a)

  59,146     3,135,330
       
      28,309,684
       

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

MFS Total Return Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares   Value
   

Health Care Equipment & Supplies—1.0%

   

Becton, Dickinson & Co.

  60,060   $ 4,189,185

Medtronic, Inc.

  221,920     8,166,656
       
      12,355,841
       

Health Care Providers & Services—0.3%

   

WellPoint, Inc. (b)

  75,790     3,589,414
       

Hotels, Restaurants & Leisure—0.1%

   

Starwood Hotels & Resorts Worldwide, Inc. (a)

  30,800     1,017,324
       

Household Durables—0.1%

   

Pulte Homes, Inc. (a) (b)

  145,670     1,600,913
       

Household Products—1.2%

   

Clorox Co. (a)

  39,890     2,346,330

Kimberly-Clark Corp.

  20,000     1,179,600

Procter & Gamble Co.

  190,792     11,050,672
       
      14,576,602
       

Independent Power Producers & Energy Traders—0.2%

NRG Energy, Inc. (a) (b)

  92,020     2,594,044
       

Industrial Conglomerates—0.7%

   

3M Co. (a)

  112,560     8,306,928
       

Insurance—2.8%

   

AON Corp. (a)

  81,310     3,308,504

Prudential Financial, Inc. (a)

  90,030     4,493,397

The Allstate Corp.

  350,856     10,743,211

The Chubb Corp.

  54,720     2,758,435

The Travelers Cos., Inc. (a)

  261,110     12,854,445
       
      34,157,992
       

Internet Software & Services—0.1%

   

Google, Inc. (Class A) (b)

  3,360     1,666,056
       

IT Services—1.1%

   

Accenture, Plc.

  208,459     7,769,267

Automatic Data Processing, Inc. (a)

  26,250     1,031,625

The Western Union Co.

  192,920     3,650,046

Visa, Inc. (a)

  24,410     1,686,975
       
      14,137,913
       

Leisure Equipment & Products—0.2%

   

Hasbro, Inc. (a)

  85,910     2,384,003
       

Life Sciences Tools & Services—0.4%

   

Thermo Fisher Scientific, Inc. (a) (b)

  32,890     1,436,306

Waters Corp. (a) (b)

  66,080     3,691,229
       
      5,127,535
       

Machinery—0.9%

   

Danaher Corp. (a)

  79,190     5,331,071

Eaton Corp. (a)

  92,550     5,237,404
       
      10,568,475
       
Security Description   Shares   Value
   

Media—1.5%

   

Omnicom Group, Inc. (a)

  211,060   $ 7,796,556

The Walt Disney Co. (a)

  308,890     8,482,120

WPP, Plc. (GBP)

  216,553     1,863,766
       
      18,142,442
       

Metals & Mining—0.1%

   

Alcoa, Inc. (a)

  61,770     810,422
       

Multi-Utilities—1.7%

   

CMS Energy Corp. (a)

  69,980     937,732

Dominion Resources, Inc. (a)

  152,322     5,255,109

PG&E Corp. (a)

  111,900     4,530,831

Public Service Enterprise Group, Inc. (a)

  205,610     6,464,378

Sempra Energy

  66,810     3,327,806
       
      20,515,856
       

Multiline Retail—0.7%

   

Macy’s, Inc. (a)

  250,280     4,577,621

Target Corp. (a)

  78,660     3,671,849
       
      8,249,470
       

Oil, Gas & Consumable Fuels—7.9%

   

Anadarko Petroleum Corp. (a)

  56,830     3,564,946

Apache Corp.

  159,550     14,651,476

Chevron Corp.

  171,376     12,070,012

ConocoPhillips

  37,010     1,671,372

Devon Energy Corp. (a)

  65,694     4,423,177

EOG Resources, Inc. (a)

  71,010     5,930,045

Exxon Mobil Corp.

  311,024     21,339,357

Hess Corp.

  113,280     6,055,949

Marathon Oil Corp.

  115,560     3,686,364

Noble Energy, Inc. (a)

  53,880     3,553,925

Occidental Petroleum Corp. (a)

  35,250     2,763,600

The Williams Cos., Inc.

  106,090     1,895,828

Total S.A. (ADR)

  261,040     15,469,230
       
      97,075,281
       

Pharmaceuticals—4.7%

   

Abbott Laboratories

  200,558     9,921,604

GlaxoSmithKline, Plc. (GBP)

  98,410     1,939,001

Johnson & Johnson

  220,868     13,448,653

Merck & Co., Inc. (a)

  359,243     11,362,856

Merck KGaA (EUR)

  22,530     2,239,970

Pfizer, Inc. (a)

  483,470     8,001,428

Roche Holding AG (CHF)

  9,570     1,547,149

Wyeth

  198,600     9,647,988
       
      58,108,649
       

Professional Services—0.1%

   

Dun & Bradstreet Corp. (a)

  17,230     1,297,764
       

Road & Rail—0.1%

   

Burlington Northern Santa Fe Corp. (a)

  7,405     591,141

Canadian National Railway Co.

  3,490     170,975
       
      762,116
       

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

MFS Total Return Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—(Continued)

 

    
Security Description
  Shares   Value
   

Semiconductors & Semiconductor Equipment—0.7%

 

Intel Corp. (a)

    435,670   $ 8,526,062
       

Software—0.7%

   

Oracle Corp.

    386,240     8,049,242
       

Specialty Retail—0.9%

   

Abercrombie & Fitch Co. (Class A) (a)

    27,780     913,406

Home Depot, Inc. (a)

    60,600     1,614,384

Staples, Inc. (a)

    192,170     4,462,188

The Sherwin-Williams Co. (a)

    60,050     3,612,608
       
      10,602,586
       

Textiles, Apparel & Luxury Goods—0.9%

 

Nike, Inc. (a)

    173,940     11,253,918
       

Tobacco—1.9%

   

Altria Group, Inc. (a)

    42,036     748,661

Lorillard, Inc.

    32,090     2,384,287

Philip Morris International, Inc.

    403,440     19,663,666
       
      22,796,614
       

Trading Companies & Distributors—0.4%

 

W.W. Grainger, Inc. (a)

    53,820     4,809,355
       

Wireless Telecommunication Services—0.8%

 

Vodafone Group, Plc. (GBP)

    4,328,510     9,727,452
       

Total Common Stock
(Identified Cost $709,008,849)

      739,507,795
       
Fixed Income—38.1%    
Security Description   Par
Amount
  Value

Aerospace & Defense—0.1%

   

BAE Systems Holdings, Inc. (144A)
5.200%, 08/15/15

  $   1,718,000     1,791,446
       

Asset Backed—0.5%

   

Bayview Financial Revolving Mortgage Loan Trust (144A)

 

1.046%, 12/28/40 (c) (d)

    1,510,000     638,881

Capital Trust Re CDO, Ltd. (144A)
5.160%, 06/25/35 (d)

    1,600,000     864,000

Connecticut RRB Special Purpose Trust CL&P
6.210%, 12/30/11 (c)

    228,707     237,614

Countrywide Asset-Backed Certificates
4.575%, 07/25/35 (c)

    729     724

4.823%, 08/25/35 (c)

    14,908     14,627

5.689%, 10/25/36 (c)

    930,000     449,815

GMAC Mortgage Corp. Loan Trust
5.805%, 10/25/36 (c)

    1,077,000     498,974

Residential Funding Mortgage Securities II, Inc.
5.320%, 12/25/35 (c)

    1,190,000     388,314

Small Business Administration Participation Certificates

 

4.350%, 07/01/23 (c)

    1,241,999     1,293,988
    
Security Description
  Par
Amount
  Value
   

Asset Backed—(Continued)

   

4.770%, 04/01/24

  $ 66,664   $ 70,146

4.950%, 03/01/25 (c)

    377,343     399,815

4.990%, 09/01/24 (c)

    210,169     221,717

5.110%, 08/01/25 (c)

    546,130     578,284

5.180%, 05/01/24 (c)

    107,399     113,917

5.520%, 06/01/24 (c)

    373,974     399,016

Structured Asset Securities Corp.
4.670%, 03/25/35 (c)

    237,616     204,875
       
      6,374,707
       

Beverages—0.3%

   

Anheuser-Busch InBev Worldwide, Inc. (144A)
8.000%, 11/15/39

    1,270,000     1,643,420

Dr. Pepper Snapple Group, Inc.
6.120%, 05/01/13

    430,000     469,310

6.820%, 05/01/18

    533,000     605,905

Miller Brewing Co. (144A)
5.500%, 08/15/13

    1,311,000     1,385,512
       
      4,104,147
       

Capital Markets—0.7%

   

Merrill Lynch & Co., Inc.
6.110%, 01/29/37

    1,270,000     1,207,971

6.150%, 04/25/13

    1,160,000     1,227,395

Morgan Stanley
5.750%, 10/18/16

    1,156,000     1,173,015

6.625%, 04/01/18

    1,270,000     1,342,927

7.300%, 05/13/19

    350,000     385,096

The Goldman Sachs Group, Inc.
5.625%, 01/15/17

    1,351,000     1,361,043

6.000%, 05/01/14

    840,000     913,530

7.500%, 02/15/19

    1,212,000     1,386,542
       
      8,997,519
       

Collateralized-Mortgage Obligation—0.1%

 

BlackRock Capital Finance, L.P. (144A)
7.750%, 09/25/26

    94,168     13,654

RAAC Series
4.971%, 09/25/34

    752,000     556,024
       
      569,678
       

Commercial Banks—1.4%

   

Banco Bradesco S.A. (144A)
6.750%, 09/29/19

    613,000     632,148

Bank One Corp.
8.000%, 04/29/27

    100,000     119,213

Barclays Bank, Plc.
5.000%, 09/22/16

    480,000     486,129

BNP Paribas (144A)
7.195%, 12/31/49 (c)

    500,000     435,000

Credit Suisse (New York)
5.500%, 05/01/14

    1,470,000     1,579,631

ING Bank NV (144A)
3.900%, 03/19/14

    1,280,000     1,317,453

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

MFS Total Return Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Fixed Income—(Continued)

 

    
Security Description
  Par
Amount
  Value
   

Commercial Banks—(Continued)

   

Kreditanstalt fuer Wiederaufbau
4.875%, 06/17/19

  $ 1,290,000   $ 1,402,764

Nordea Bank AB (144A)
5.424%, 12/29/49 (c)

    359,000     294,380

Societe Financement de l’Economie Francaise (144A)

 

3.375%, 05/05/14

    730,000     753,420

Svenska Handelsbanken AB (144A)
4.875%, 06/10/14

    1,330,000     1,391,292

The Royal Bank of Scotland, Plc. (144A)
2.625%, 05/11/12

    2,290,000     2,306,922

U.S. Bancorp
7.500%, 06/01/26

    400,000     417,464

Wachovia Corp.
5.250%, 08/01/14

    3,334,000     3,385,890

WOORI Bank (144A)
6.125%, 05/03/16 (c)

    2,620,000     2,553,182
       
      17,074,888
       

Commercial Mortgage-Backed Securities—2.1%

 

Banc of America Commercial Mortgage, Inc.
5.634%, 07/10/46

    349,000     323,531

Citigroup Commercial Mortgage Trust
5.888%, 12/10/49 (c)

    3,630,000     3,159,997

Credit Suisse Mortgage Capital Certificates
5.695%, 09/15/40 (c)

    1,735,738     1,367,942

FHLMC Multifamily Structured Pass Through Certificates

4.952%, 03/19/19

    1,226,000     1,319,262

GE Capital Commercial Mortgage Corp.
5.515%, 03/10/44 (c)

    1,000,000     755,405

General Electric Capital Assurance Co. (144A)
5.743%, 05/12/35

    35,000     35,013

Greenwich Capital Commercial Funding Corp.
4.915%, 01/05/36 (c)

    500,000     503,898

5.475%, 02/10/17

    3,025,000     2,181,103

JPMorgan Chase Commercial Mortgage Securities Corp.

 

5.401%, 05/15/41 (c)

    1,292,933     1,294,780

5.420%, 01/15/49

    741,698     625,213

5.475%, 04/15/43 (c)

    2,260,000     2,114,490

5.552%, 05/12/45

    949,000     878,630

6.007%, 06/15/49 (c)

    1,900,000     1,660,733

6.065%, 04/15/45 (c)

    2,260,000     2,101,719

Merrill Lynch Mortgage Trust
6.022%, 07/12/17 (c)

    929,000     209,380

Merrill Lynch/Countrywide Commercial Mortgage Trust

5.649%, 02/12/39 (c)

    560,000     426,847

5.810%, 06/12/50 (c)

    1,735,738     1,351,307

Morgan Stanley Capital I (144A)
1.047%, 11/15/30 (c) (e)

    6,342,730     174,747

Spirit Master Funding, LLC (144A)
5.050%, 07/20/23

    1,204,287     742,492

Wachovia Bank Commercial Mortgage Trust
5.795%, 07/15/45 (c)

    609,448     461,353

6.100%, 02/15/51 (c)

    3,000,000     2,470,254

6.158%, 06/15/45 (c)

    1,530,000     1,165,408
       
      25,323,504
       
    
Security Description
  Par
Amount
  Value
   

Commercial Services & Supplies—0.2%

 

The Western Union Co.
5.400%, 11/17/11

  $ 1,721,000   $ 1,833,350
       

Construction & Engineering—0.1%

   

CRH America, Inc.
6.950%, 03/15/12

    1,149,000     1,230,890
       

Consumer Finance—0.3%

   

American Express Co.
5.500%, 09/12/16

    1,997,000     1,979,802

Capital One Financial Corp.
6.150%, 09/01/16

    1,330,000     1,306,052
       
      3,285,854
       

Diversified Financial Services—2.4%

   

Asian Development Bank
2.750%, 05/21/14

    970,000     966,328

Bank of America Corp.
5.490%, 03/15/19

    696,000     648,626

7.375%, 05/15/14

    510,000     567,459

7.625%, 06/01/19

    710,000     800,022

BPCE S.A. (144A)
12.500%, 06/29/49 (c)

    1,375,000     1,512,500

Citigroup, Inc.
5.000%, 09/15/14

    1,105,000     1,051,501

DBS Capital Funding Corp. (144A)
7.657%, 03/31/49 (c)

    805,000     811,038

Diageo Finance BV
5.500%, 04/01/13

    1,182,000     1,284,010

EDP Finance BV (144A)
6.000%, 02/02/18

    1,061,000     1,146,769

Enel Finance International S.A. (144A)
5.125%, 10/07/19

    1,060,000     1,055,336

6.250%, 09/15/17

    1,494,000     1,609,172

General Electric Capital Corp.
5.450%, 01/15/13

    572,000     602,813

GG1C Funding Corp. (144A)
5.129%, 01/15/14

    510,561     506,190

HSBC Finance Corp.
5.250%, 01/14/11

    1,300,000     1,336,443

JPMorgan Chase & Co.
6.300%, 04/23/19

    1,210,000     1,320,990

MidAmerican Funding, LLC
6.927%, 03/01/29

    699,000     807,719

MUFG Capital Finance I, Ltd.
6.346%, 07/29/49 (c)

    653,000     603,228

ORIX Corp.
5.480%, 11/22/11

    1,650,000     1,569,528

PNC Funding Corp.
5.625%, 02/01/17

    1,080,000     1,062,705

Qtel International Finance, Ltd. (144A)
7.875%, 06/10/19

    944,000     1,079,219

Spectra Energy Capital, LLC
8.000%, 10/01/19

    1,253,000     1,477,509

Telecom Italia Capital S.A.
5.250%, 11/15/13

    753,000     792,114

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

MFS Total Return Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Fixed Income—(Continued)

 

    
Security Description
  Par
Amount
  Value
   

Diversified Financial Services—(Continued)

 

UBS Preferred Funding Trust V
6.243%, 05/12/49 (c)

  $ 2,180,000   $ 1,639,360

UFJ Finance Aruba AEC
6.750%, 07/15/13

    1,320,000     1,466,817

Unicredit Luxembourg Finance S.A. (144A)
6.000%, 10/31/17

    1,520,000     1,467,324

UniCredito Italiano Capital Trust II (144A)
9.200%, 10/05/49 (c)

    1,412,000     1,284,920

W3A Funding Corp.
8.090%, 01/02/17

    629,562     656,935

ZFS Finance USA Trust I (144A)
5.875%, 05/09/32 (c)

    146,000     118,426

6.500%, 05/09/37 (c)

    491,000     397,710
       
      29,642,711
       

Diversified Telecommunication Services—0.4%

 

AT&T, Inc.
6.550%, 02/15/39

    1,290,000     1,406,412

France Telecom S.A.
7.750%, 03/01/11 (c)

    346,000     374,640

Telefonica Europe BV
7.750%, 09/15/10

    488,000     516,204

Verizon New York, Inc.
6.875%, 04/01/12

    2,172,000     2,362,311
       
      4,659,567
       

Electric Utilities—0.8%

 

Bruce Mansfield Unit
6.850%, 06/01/34

    2,370,317     2,326,191

Exelon Generation Co., LLC
5.200%, 10/01/19

    660,000     667,223

6.250%, 10/01/39

    1,020,000     1,041,075

MidAmerican Energy Holdings Co.
5.875%, 10/01/12

    768,000     836,757

Oncor Electric Delivery Co.
7.000%, 09/01/22

    1,825,000     2,082,949

PPL Energy Supply, LLC
6.400%, 11/01/11

    100,000     107,175

PSEG Power, LLC
5.500%, 12/01/15

    977,000     1,049,591

6.950%, 06/01/12

    1,000,000     1,097,766

United Energy Distribution Holdings, Ltd. (144A)

 

5.450%, 04/15/16

    50,000     50,034
       
      9,258,761
       

Electronic Equipment, Instruments & Components—0.1%

Tyco Electronics Group S.A.
6.550%, 10/01/17

    1,385,000     1,449,844
       

Energy Equipment & Services—0.2%

Kinder Morgan Energy Partners, L.P.
6.750%, 03/15/11

    1,202,000     1,274,696

7.750%, 03/15/32

    625,000     702,953
       
      1,977,649
       
    
Security Description
  Par
Amount
  Value
   

Federal Agencies—14.9%

Federal Home Loan Mortgage Corp.
4.125%, 11/18/09

  $ 3,100,000   $ 3,115,168

4.500%, 05/01/18

    303,821     320,944

4.500%, 08/01/18

    490,702     518,357

4.500%, 11/01/18

    473,517     500,203

4.500%, 01/01/19

    886,447     936,405

4.500%, 08/01/19

    47,779     50,292

4.500%, 02/01/20

    315,882     332,499

4.500%, 08/01/24

    3,484,380     3,611,063

4.500%, 04/01/35

    1,075,322     1,093,629

4.500%, 06/01/39

    4,352,016     4,408,683

5.000%, 12/01/17

    18,939     20,169

5.000%, 05/01/18

    200,913     213,587

5.000%, 06/01/18

    30,322     32,281

5.000%, 09/01/18

    472,182     502,689

5.000%, 12/01/18

    66,244     70,524

5.000%, 02/01/19

    534,507     567,371

5.000%, 06/01/19

    228,751     242,816

5.000%, 09/01/33

    2,006,371     2,083,575

5.000%, 11/01/33

    1,174,702     1,219,903

5.000%, 03/01/34

    333,265     345,880

5.000%, 04/01/34

    365,285     379,113

5.000%, 08/01/35

    1,083,639     1,123,644

5.000%, 10/01/35

    3,249,465     3,369,425

5.000%, 11/01/35

    362,008     375,372

5.500%, 01/01/19

    107,760     115,092

5.500%, 04/01/19

    64,744     69,433

5.500%, 06/01/19

    46,575     49,744

5.500%, 07/01/19

    146,755     156,741

5.500%, 08/01/19

    47,559     50,795

5.500%, 12/01/19

    91,946     98,203

5.500%, 02/01/20

    24,133     25,632

5.500%, 10/01/24

    433,682     459,836

5.500%, 06/01/25

    879,934     932,034

5.500%, 07/01/25

    408,109     432,272

5.500%, 08/01/25

    640,856     678,800

5.500%, 05/01/33

    923,336     971,715

5.500%, 12/01/33

    1,541,264     1,622,020

5.500%, 01/01/34

    1,422,562     1,497,098

5.500%, 04/01/34

    242,810     255,304

5.500%, 11/01/34

    201,606     211,980

5.500%, 12/01/34

    306,091     321,842

5.500%, 05/01/35

    136,082     142,957

5.500%, 09/01/35

    340,612     357,820

5.500%, 10/01/35

    556,139     584,236

6.000%, 04/01/16

    61,848     66,366

6.000%, 04/01/17

    131,408     140,925

6.000%, 07/01/17

    67,018     71,871

6.000%, 10/01/17

    96,291     103,264

6.000%, 08/01/19

    378,936     405,312

6.000%, 09/01/19

    170,984     182,886

6.000%, 11/01/19

    112,350     120,241

6.000%, 05/01/21

    230,225     245,747

6.000%, 10/01/21

    279,204     298,028

6.000%, 02/01/23

    607,789     651,639

6.000%, 12/01/25

    254,548     271,753

 

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-130


Table of Contents

Metropolitan Series Fund, Inc.

 

MFS Total Return Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Fixed Income—(Continued)

 

    
Security Description
  Par
Amount
  Value
   

Federal Agencies—(Continued)

Federal Home Loan Mortgage Corp.
6.000%, 02/01/26

  $ 249,391   $ 266,247

6.000%, 04/01/34

    157,494     167,298

6.000%, 07/01/34

    489,187     519,639

6.000%, 08/01/34

    2,799,898     2,974,192

6.000%, 09/01/34

    72,014     76,497

6.000%, 07/01/35

    304,556     322,849

6.000%, 08/01/35

    379,528     402,323

6.000%, 11/01/35

    945,305     1,002,083

6.000%, 03/01/36

    438,688     464,351

6.000%, 10/01/36

    698,323     741,794

6.000%, 03/01/37

    553,318     585,341

6.000%, 05/01/37

    718,419     759,998

6.000%, 06/01/37

    1,019,775     1,078,795

6.500%, 05/01/34

    128,720     137,936

6.500%, 06/01/34

    171,935     184,246

6.500%, 08/01/34

    713,944     765,065

6.500%, 10/01/34

    598,085     643,154

6.500%, 11/01/34

    280,179     300,241

6.500%, 05/01/37

    342,997     366,091

6.500%, 07/01/37

    1,116,769     1,191,959

Federal National Mortgage Association
3.000%, 07/12/10

    787,000     802,690

4.010%, 08/01/13 (c)

    144,099     149,594

4.020%, 08/01/13 (c)

    572,170     594,931

4.500%, 04/01/18

    365,039     385,611

4.500%, 06/01/18

    848,846     896,685

4.500%, 07/01/18

    491,433     519,129

4.500%, 03/01/19

    543,639     572,578

4.500%, 06/01/19

    593,036     624,605

4.500%, 04/01/20

    458,747     483,167

4.500%, 07/01/20

    246,658     259,788

4.500%, 08/01/33

    1,808,108     1,844,082

4.500%, 02/01/35

    428,178     436,430

4.500%, 09/01/35

    598,646     609,434

4.582%, 05/01/14 (c)

    803,389     848,047

4.630%, 04/01/14

    358,279     378,524

4.700%, 03/01/15

    601,681     636,489

4.767%, 04/01/13 (c)

    63,865     67,499

4.840%, 08/01/14 (c)

    877,088     932,479

4.845%, 06/01/13

    90,084     95,853

4.872%, 02/01/14 (c)

    643,064     681,598

4.880%, 03/01/20

    420,077     447,139

4.940%, 08/01/15

    50,000     52,639

5.000%, 11/01/17

    514,599     547,043

5.000%, 02/01/18

    1,826,074     1,941,190

5.000%, 12/01/18

    1,429,654     1,518,896

5.000%, 07/01/19

    806,606     854,939

5.000%, 07/01/20

    605,485     640,253

5.000%, 08/01/20

    192,949     204,028

5.000%, 11/01/33

    832,790     864,574

5.000%, 03/01/34

    1,156,698     1,200,555

5.000%, 04/01/34

    327,101     339,279

5.000%, 05/01/34

    357,764     371,084

5.000%, 08/01/34

    408,717     423,933

5.000%, 09/01/34

    1,417,779     1,470,561

5.000%, 12/01/34

    206,718     214,414
    
Security Description
  Par
Amount
  Value
   

Federal Agencies—(Continued)

5.000%, 01/01/35

  $ 403,151   $ 418,160

5.000%, 06/01/35

    1,506,124     1,561,254

5.000%, 07/01/35

    4,360,449     4,520,059

5.000%, 08/01/35

    891,904     924,551

5.000%, 08/01/36

    436,684     452,669

5.000%, 03/01/38

    3,377,922     3,494,517

5.000%, 05/01/38

    3,471,277     3,591,094

5.370%, 02/01/13 (c)

    376,983     406,409

5.370%, 05/01/18

    630,000     688,527

5.466%, 11/01/15 (c)

    425,066     465,071

5.500%, 11/01/17

    819,224     877,785

5.500%, 12/01/17

    153,299     164,258

5.500%, 01/01/18

    502,137     538,032

5.500%, 02/01/18

    486,262     520,414

5.500%, 06/01/19

    632,151     674,969

5.500%, 07/01/19

    528,332     564,118

5.500%, 08/01/19

    160,209     171,061

5.500%, 09/01/19

    561,802     599,855

5.500%, 01/01/21

    251,245     267,242

5.500%, 03/01/21

    71,188     75,521

5.500%, 02/01/33

    492,380     518,025

5.500%, 05/01/33

    45,413     47,778

5.500%, 06/01/33

    1,617,750     1,702,007

5.500%, 07/01/33

    2,022,458     2,127,794

5.500%, 11/01/33

    1,175,399     1,236,618

5.500%, 12/01/33

    249,533     262,530

5.500%, 01/01/34 (c)

    369,958     389,227

5.500%, 01/01/34

    558,736     587,837

5.500%, 02/01/34

    1,375,572     1,446,782

5.500%, 03/01/34

    179,858     189,116

5.500%, 04/01/34

    444,664     467,267

5.500%, 05/01/34

    1,977,459     2,077,980

5.500%, 06/01/34

    2,509,469     2,637,033

5.500%, 07/01/34

    1,274,106     1,338,872

5.500%, 09/01/34

    3,786,048     3,978,505

5.500%, 10/01/34

    4,099,383     4,307,768

5.500%, 11/01/34

    5,265,415     5,533,074

5.500%, 12/01/34

    2,457,393     2,582,311

5.500%, 01/01/35

    1,953,290     2,052,582

5.500%, 02/01/35

    306,895     322,495

5.500%, 04/01/35

    411,286     431,936

5.500%, 07/01/35

    446,005     468,398

5.500%, 08/01/35

    541,362     568,543

5.500%, 09/01/35 (c)

    1,194,944     1,254,940

6.000%, 05/15/11

    1,473,000     1,594,855

6.000%, 07/01/16

    268,604     288,560

6.000%, 01/01/17

    344,034     369,487

6.000%, 02/01/17 (c)

    318,443     342,103

6.000%, 07/01/17

    499,012     536,087

6.000%, 08/01/17

    54,594     58,634

6.000%, 09/01/17

    290,446     311,935

6.000%, 03/01/18

    46,017     49,422

6.000%, 11/01/18

    273,491     293,811

6.000%, 01/01/21

    272,610     291,246

6.000%, 05/01/21

    160,597     171,575

6.000%, 11/01/25

    134,170     143,207

 

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-131


Table of Contents

Metropolitan Series Fund, Inc.

 

MFS Total Return Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Fixed Income—(Continued)

 

    
Security Description
  Par
Amount
  Value
   

Federal Agencies—(Continued)

Federal National Mortgage Association
6.000%, 02/01/32

  $ 1,097,253   $ 1,169,329

6.000%, 03/01/34

    112,539     120,601

6.000%, 04/01/34

    1,748,011     1,858,081

6.000%, 06/01/34

    1,669,816     1,774,284

6.000%, 07/01/34

    1,939,391     2,060,724

6.000%, 08/01/34

    3,243,279     3,446,186

6.000%, 10/01/34

    1,505,561     1,599,753

6.000%, 11/01/34

    240,263     255,295

6.000%, 12/01/34

    118,988     126,432

6.000%, 08/01/35

    378,491     401,224

6.000%, 09/01/35 (c)

    496,166     530,915

6.000%, 10/01/35

    681,857     722,811

6.000%, 11/01/35

    297,029     314,869

6.000%, 12/01/35

    986,137     1,045,368

6.000%, 02/01/36

    716,058     759,066

6.000%, 04/01/36

    1,476,922     1,562,860

6.000%, 06/01/36

    510,427     540,793

6.000%, 03/01/37

    640,194     676,845

6.000%, 07/01/37

    797,177     842,815

6.330%, 03/01/11 (c)

    156,365     165,218

6.500%, 06/01/31

    285,468     308,229

6.500%, 07/01/31

    143,968     155,446

6.500%, 08/01/31

    86,140     93,008

6.500%, 09/01/31

    387,164     418,032

6.500%, 02/01/32

    284,769     307,474

6.500%, 07/01/32

    657,992     710,735

6.500%, 08/01/32

    616,261     665,009

6.500%, 01/01/33

    265,557     286,564

6.500%, 04/01/34

    407,240     438,449

6.500%, 06/01/34

    191,748     206,137

6.500%, 08/01/34

    225,822     242,768

6.500%, 04/01/36

    314,723     337,111

6.500%, 05/01/36

    485,389     519,917

6.500%, 02/01/37

    1,495,636     1,601,093

6.500%, 05/01/37

    821,144     879,043

6.500%, 07/01/37

    716,289     766,794

7.500%, 10/01/29

    83,022     93,000

7.500%, 02/01/30

    45,221     50,636

7.500%, 11/01/31

    167,560     187,763

7.500%, 02/01/32

    50,916     57,057

Government National Mortgage Association
4.500%, 07/20/33

    112,715     114,953

4.500%, 09/15/33

    485,861     496,640

4.500%, 09/20/33

    59,646     60,830

4.500%, 12/20/34

    60,096     61,203

4.500%, 03/20/35

    290,872     296,035

5.000%, 07/20/33

    215,997     225,013

5.000%, 03/15/34

    205,996     214,475

5.000%, 06/15/34

    347,024     361,307

5.000%, 12/15/34

    201,340     209,626

5.000%, 06/15/35

    75,894     78,934

5.000%, 05/15/39

    3,454,233     3,581,937

5.000%, 09/15/39

    4,100,000     4,252,084

5.500%, 11/15/32

    546,773     577,870

5.500%, 08/15/33

    2,216,921     2,342,662

5.500%, 12/15/33

    851,108     899,472
    
Security Description
  Par
Amount
  Value
   

Federal Agencies—(Continued)

5.500%, 09/15/34

  $ 816,534   $ 861,827

5.500%, 10/15/35

    249,558     263,089

6.000%, 12/15/28

    166,270     177,441

6.000%, 12/15/31

    162,241     173,141

6.000%, 03/15/32

    7,341     7,834

6.000%, 10/15/32

    612,034     653,155

6.000%, 01/15/33

    110,685     118,053

6.000%, 02/15/33

    5,938     6,333

6.000%, 04/15/33

    662,153     706,228

6.000%, 08/15/33

    5,252     5,601

6.000%, 07/15/34

    498,898     530,469

6.000%, 09/15/34

    372,918     396,517

6.000%, 01/20/35

    222,456     236,468

6.000%, 02/20/35

    116,858     124,218

6.000%, 04/20/35

    182,181     193,656

6.000%, 01/15/38

    967,268     1,023,188
       
      182,388,916
       

Food & Staples Retailing—0.3%

   

CVS Caremark Corp.
6.125%, 08/15/16

    1,080,000     1,184,050

Wal-Mart Stores, Inc.
5.250%, 09/01/35

    1,830,000     1,832,483
       
      3,016,533
       

Foreign Government—0.3%

   

Egypt Government AID Bonds
4.450%, 09/15/15

    1,903,000     2,024,449

MDC-GMTN B.V. (144A)
7.625%, 05/06/19

    1,290,000     1,445,328

Peruvian Government International Bond
7.350%, 07/21/25

    103,000     120,253
       
      3,590,030
       

Government Agency—0.8%

   

California Educational Facilities Authority
5.000%, 03/15/39

    730,000     865,546

Financing Corp. (FICO)
9.650%, 11/02/18

    430,000     598,412

Massachusetts Health & Educational Facilities Authority

 

5.500%, 06/01/30

    735,000     911,466

5.500%, 07/01/32

    2,145,000     2,785,840

Metropolitan Transportation Authority
7.336%, 11/15/39

    1,075,000     1,330,528

New Jersey State Turnpike Authority
7.414%, 01/01/40

    1,050,000     1,294,440

State of California
7.500%, 04/01/34

    380,000     417,308

7.550%, 04/01/39

    1,065,000     1,183,716

U.S. Department of Housing & Urban Development

 

7.498%, 08/01/11

    93,000     93,551
       
      9,480,807
       

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

MFS Total Return Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Fixed Income—(Continued)

 

    
Security Description
  Par
Amount
  Value
   

Health Care Equipment & Supplies—0.2%

 

CareFusion Corp. (144A)
6.375%, 08/01/19

  $ 1,110,000   $ 1,203,860

Hospira, Inc.
5.550%, 03/30/12

    530,000     562,418

6.050%, 03/30/17 (c)

    979,000     1,025,184
       
      2,791,462
       

Health Care Providers & Services—0.1%

 

Cardinal Health, Inc.
5.800%, 10/15/16

    793,000     827,377
       

Hotels, Restaurants & Leisure—0.1%

   

Wyndham Worldwide Corp.
6.000%, 12/01/16

    1,077,000     969,646
       

Household Durables—0.1%

   

Fortune Brands, Inc.
5.125%, 01/15/11

    1,396,000     1,431,538
       

Insurance—0.3%

   

Chubb Corp.
6.375%, 03/29/67 (c)

    2,110,000     1,899,000

Everest Reinsurance Holdings, Inc.
8.750%, 03/15/10

    100,000     102,667

ING Groep NV
5.775%, 12/29/49 (c)

    1,250,000     800,000

The Allstate Corp.
5.550%, 05/09/35

    1,236,000     1,242,985
       
      4,044,652
       

Machinery—0.2%

   

Atlas Copco AB (144A)
5.600%, 05/22/17

    910,000     932,107

Kennametal, Inc.
7.200%, 06/15/12

    1,284,000     1,353,632
       
      2,285,739
       

Media—0.3%

   

Cox Communications, Inc.
4.625%, 06/01/13

    1,058,000     1,099,093

DirecTV Holdings, LLC (144A)
5.875%, 10/01/19

    300,000     300,346

Hearst-Argyle Television, Inc.
7.500%, 11/15/27

    200,000     161,043

News America Holdings, Inc.
8.500%, 02/23/25

    722,000     798,053

Time Warner Entertainment Co., L.P.
8.375%, 07/15/33

    1,240,000     1,490,330
       
      3,848,865
       

Metals & Mining—0.1%

   

ArcelorMittal
6.125%, 06/01/18

    1,727,000     1,701,364
       
    
Security Description
  Par
Amount
  Value
   

Multi-Utilities—0.1%

   

CenterPoint Energy Resources Corp.
7.875%, 04/01/13

  $ 1,293,000   $ 1,455,990
       

Oil, Gas & Consumable Fuels—0.9%

   

Anadarko Petroleum Corp.
6.450%, 09/15/36

    1,330,000     1,373,216

Devon OEI Operating, Inc.
7.250%, 10/01/11

    2,215,000     2,414,711

Enterprise Products Operating, LLC
6.500%, 01/31/19

    908,000     991,422

Hess Corp.
8.125%, 02/15/19

    300,000     360,404

Husky Energy, Inc.
5.900%, 06/15/14

    771,000     831,713

7.250%, 12/15/19 (a)

    787,000     902,642

Pemex Project Funding Master Trust
9.125%, 10/13/10

    35,000     37,275

Petroleos Mexicanos
8.000%, 05/03/19

    759,000     866,778

Ras Laffan Liquefied Natural Gas Co., Ltd. III (144A)

 

5.832%, 09/30/16

    970,000     1,008,383

Valero Energy Corp.
6.875%, 04/15/12

    2,023,000     2,177,195
       
      10,963,739
       

Pharmaceuticals—0.3%

   

Allergan, Inc.
5.750%, 04/01/16

    1,430,000     1,532,873

Pfizer, Inc.
7.200%, 03/15/39

    540,000     679,650

Roche Holdings, Inc. (144A)
6.000%, 03/01/19

    1,760,000     1,952,417
       
      4,164,940
       

Real Estate Investment Trusts—0.4%

   

Boston Properties, Inc.
5.000%, 06/01/15

    200,000     195,843

HRPT Properties Trust
6.250%, 08/15/16

    1,776,000     1,629,223

Prologis
5.750%, 04/01/16

    1,493,000     1,335,457

Simon Property Group, L.P.
5.875%, 03/01/17 (a)

    1,328,000     1,354,304

Vornado Realty, L.P.
4.750%, 12/01/10

    530,000     534,916
       
      5,049,743
       

Road & Rail—0.0%

   

CSX Corp.
6.750%, 03/15/11

    92,000     98,462

Norfolk Southern Corp.
7.050%, 05/01/37

    360,000     453,899
       
      552,361
       

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

MFS Total Return Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Fixed Income—(Continued)

 

    
Security Description
  Par
Amount
  Value
   

Specialty Retail—0.1%

   

Home Depot, Inc.
5.875%, 12/16/36

  $ 504,000   $ 488,984

Limited Brands, Inc.
5.250%, 11/01/14

    1,028,000     953,707
       
      1,442,691
       

Tobacco—0.1%

   

Philip Morris International, Inc.
4.875%, 05/16/13

    826,000     877,482
       

U.S. Treasury—8.4%

   

U.S. Treasury Bonds
4.500%, 02/15/36 (a)

    293,000     314,700

5.000%, 05/15/37 (a)

    2,857,000     3,310,994

5.375%, 02/15/31 (a)

    9,533,000     11,326,396

6.250%, 08/15/23 (a)

    1,251,000     1,568,051

8.500%, 02/15/20 (a)

    1,104,000     1,584,930

U.S. Treasury Inflation Indexed Notes (TII)
1.625%, 01/15/15

    4,569,332     4,655,006

U.S. Treasury Notes
0.875%, 02/28/11 (a)

    7,654,000     7,683,300

1.500%, 10/31/10 (a)

    11,093,000     11,216,931

1.500%, 12/31/13 (a)

    3,886,000     3,804,942

2.000%, 11/30/13 (a)

    2,098,000     2,100,950

2.625%, 02/29/16

    800,000     791,500

2.750%, 10/31/13 (a)

    6,744,000     6,960,017

3.125%, 09/30/13 (a)

    10,194,000     10,682,201

3.500%, 05/31/13 (a)

    3,900,000     4,145,275

3.750%, 11/15/18 (a)

    4,488,000     4,644,030

3.875%, 02/15/13 (a)

    5,448,000     5,854,470

4.125%, 08/31/12 (a)

    7,209,000     7,775,022

4.125%, 05/15/15 (a)

    125,000     135,351

4.500%, 04/30/12 (a)

    3,651,000     3,955,632

4.750%, 08/15/17 (a)

    2,444,000     2,723,342

5.125%, 06/30/11 (a)

    764,000     821,389

6.500%, 02/15/10

    6,277,000     6,424,610
       
      102,479,039
       

Wireless Telecommunication Services—0.2%

 

AT&T Mobility, LLC
6.500%, 12/15/11

    900,000     989,356

Rogers Communications, Inc.
6.800%, 08/15/18

    1,483,000     1,664,306
       
      2,653,662
       

Yankee—0.2%

   

Nexen, Inc.
5.875%, 03/10/35

    462,000     423,129

Petro-Canada
6.050%, 05/15/18

    1,664,000     1,742,371

StatoilHydro ASA
7.750%, 06/15/23

    100,000     124,760
       
      2,290,260
       

Total Fixed Income
(Identified Cost $457,517,030)

      465,881,351
       
Short Term Investments—9.5%    
    
Security Description
  Par
Amount
  Value  
   

Commercial Paper—1.3%

   

HSBC America, Inc.
1.000%, 10/01/09

  $ 15,888,000   $ 15,888,000   
         

Mutual Funds—8.2%

   

State Street Navigator Securities Lending Prime Portfolio (f)

    99,895,675     99,895,675   
         

Total Short Term Investments
(Identified Cost $115,783,675)

      115,783,675   
         

Total Investments—108.0%
(Identified Cost $1,282,309,554) (g)

      1,321,172,821   

Liabilities in excess of other assets

      (97,830,196
         
Net Assets—100%     $ 1,223,342,625   
         

 

(a) All or a portion of the security was on loan. As of September 30, 2009, the market value of securities loaned was $97,618,907 and the collateral received consisted of cash in the amount of $99,895,675 and non-cash collateral with a value of $518,962. 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, 2009.
(d) Security was valued in good faith under procedures established by the Board of Directors.
(e) Interest Only Certificate. This security receives monthly interest payments but is not entitled to principal payments.
(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, 2009 was $1,282,309,554 and the composition of unrealized appreciation and depreciation of investment securities was $92,255,752 and $(53,392,485), 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, 2009, the market value of 144A securities was $34,854,041, which is 2.8% 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.
(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.
(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-134


Table of Contents

Metropolitan Series Fund, Inc.

 

MFS Total Return Portfolio

 

 

VALUATION INPUTS

 

The Portfolio is subject to the provisions of the Statement of Financial Accounting Standards No. 157, Fair Value Measurements (“FAS 157”). FAS 157 establishes a framework for measuring fair value and expands disclosures about fair value measurements in 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 Portfolio’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 investments as of September 30, 2009:

 

Description    Level 1    Level 2    Level 3    Total
Common Stock            

Aerospace & Defense

   $ 52,404,996    $ —      $ —      $ 52,404,996

Air Freight & Logistics

     2,274,612      —        —        2,274,612

Auto Components

     3,098,639      —        —        3,098,639

Beverages

     9,750,172      9,931,996      —        19,682,168

Biotechnology

     2,720,203      —        —        2,720,203

Capital Markets

     59,312,936      —        —        59,312,936

Chemicals

     17,027,391      —        —        17,027,391

Commercial Banks

     20,808,036      —        —        20,808,036

Communications Equipment

     3,307,120      —        —        3,307,120

Computers & Peripherals

     17,664,545      —        —        17,664,545

Diversified Consumer Services

     2,589,501      —        —        2,589,501

Diversified Financial Services

     32,042,286      1,044,133      —        33,086,419

Diversified Telecommunication Services

     25,356,659      2,247,216      —        27,603,875

Electric Utilities

     21,039,800      —        —        21,039,800

Electrical Equipment

     2,293,291      —        —        2,293,291

Electronic Equipment, Instruments & Components

     3,689,182      —        —        3,689,182

Energy Equipment & Services

     5,449,312      —        —        5,449,312

Food & Staples Retailing

     24,335,816      —        —        24,335,816

Food Products

     13,207,596      15,102,088      —        28,309,684

Health Care Equipment & Supplies

     12,355,841      —        —        12,355,841

Health Care Providers & Services

     3,589,414      —        —        3,589,414

Hotels, Restaurants & Leisure

     1,017,324      —        —        1,017,324

Household Durables

     1,600,913      —        —        1,600,913

Household Products

     14,576,602      —        —        14,576,602

Independent Power Producers & Energy Traders

     2,594,044      —        —        2,594,044

Industrial Conglomerates

     8,306,928      —        —        8,306,928

Insurance

     34,157,992      —        —        34,157,992

Internet Software & Services

     1,666,056      —        —        1,666,056

IT Services

     14,137,913      —        —        14,137,913

Leisure Equipment & Products

     2,384,003      —        —        2,384,003

Life Sciences Tools & Services

     5,127,535      —        —        5,127,535

Machinery

     10,568,475      —        —        10,568,475

Media

     16,278,676      1,863,766      —        18,142,442

Metals & Mining

     810,422      —        —        810,422

Multi-Utilities

     20,515,856      —        —        20,515,856

Multiline Retail

     8,249,470      —        —        8,249,470

Oil, Gas & Consumable Fuels

     97,075,281      —        —        97,075,281

Pharmaceuticals

     52,382,529      5,726,120      —        58,108,649

Professional Services

     1,297,764      —        —        1,297,764

Road & Rail

     762,116      —        —        762,116

Semiconductors & Semiconductor Equipment

     8,526,062      —        —        8,526,062

Software

     8,049,242      —        —        8,049,242

Specialty Retail

     10,602,586      —        —        10,602,586

Textiles, Apparel & Luxury Goods

     11,253,918      —        —        11,253,918

Tobacco

     22,796,614      —        —        22,796,614

Trading Companies & Distributors

     4,809,355      —        —        4,809,355

Wireless Telecommunication Services

     —        9,727,452      —        9,727,452

Total Common Stock

     693,865,024      45,642,771      —        739,507,795

 

MSF-135


Table of Contents

Metropolitan Series Fund, Inc.

 

MFS Total Return Portfolio

 

 

Description    Level 1    Level 2    Level 3    Total
Fixed Income            

Aerospace & Defense

   $ —      $ 1,791,446    $ —      $ 1,791,446

Asset Backed

     —        4,871,826      1,502,881      6,374,707

Beverages

     —        4,104,147      —        4,104,147

Capital Markets

     —        8,997,519      —        8,997,519

Collateralized-Mortgage Obligation

     —        569,678      —        569,678

Commercial Banks

     —        17,074,888      —        17,074,888

Commercial Mortgage-Backed Securities

     —        25,323,504      —        25,323,504

Commercial Services & Supplies

     —        1,833,350      —        1,833,350

Construction & Engineering

     —        1,230,890      —        1,230,890

Consumer Finance

     —        3,285,854      —        3,285,854

Diversified Financial Services

     —        29,642,711      —        29,642,711

Diversified Telecommunication Services

     —        4,659,567      —        4,659,567

Electric Utilities

     —        9,258,761      —        9,258,761

Electronic Equipment, Instruments & Components

     —        1,449,844      —        1,449,844

Energy Equipment & Services

     —        1,977,649      —        1,977,649

Federal Agencies

     —        182,388,916      —        182,388,916

Food & Staples Retailing

     —        3,016,533      —        3,016,533

Foreign Government

     —        3,590,030      —        3,590,030

Government Agency

     —        9,480,807      —        9,480,807

Health Care Equipment & Supplies

     —        2,791,462      —        2,791,462

Health Care Providers & Services

     —        827,377      —        827,377

Hotels, Restaurants & Leisure

     —        969,646      —        969,646

Household Durables

     —        1,431,538      —        1,431,538

Insurance

     —        4,044,652      —        4,044,652

Machinery

     —        2,285,739      —        2,285,739

Media

     —        3,848,865      —        3,848,865

Metals & Mining

     —        1,701,364      —        1,701,364

Multi-Utilities

     —        1,455,990      —        1,455,990

Oil, Gas & Consumable Fuels

     —        10,963,739      —        10,963,739

Pharmaceuticals

     —        4,164,940      —        4,164,940

Real Estate Investment Trusts

     —        5,049,743      —        5,049,743

Road & Rail

     —        552,361      —        552,361

Specialty Retail

     —        1,442,691      —        1,442,691

Tobacco

     —        877,482      —        877,482

U.S. Treasury

     —        102,479,039      —        102,479,039

Wireless Telecommunication Services

     —        2,653,662      —        2,653,662

Yankee

     —        2,290,260      —        2,290,260

Total Fixed Income

     —        464,378,470      1,502,881      465,881,351
Short Term Investments            

Commercial Paper

     —        15,888,000      —        15,888,000

Mutual Funds

     99,895,675      —        —        99,895,675

Total Short Term Investments

     99,895,675      15,888,000      —        115,783,675

Total Investments

   $ 793,760,699    $ 525,909,241    $ 1,502,881    $ 1,321,172,821
                             

 

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

 

      Fixed
Income
     Total  

Balance as of December 31, 2008

   $ 2,751,986       $ 2,751,986   

Transfers In (Out) of Level 3

     (883,354      (883,354

Accrued discounts/premiums

     0         0   

Realized Gain (Loss)

     (346,783      (346,783

Change in unrealized appreciation (depreciation)

     (19,255      (19,255

Net Purchases (Sales)

     287         287   

Balance as of September 30, 2009

   $ 1,502,881       $ 1,502,881   

 

MSF-136


Table of Contents

Metropolitan Series Fund, Inc.

 

MFS Value Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—98.8% of Net Assets

 

 

Security Description   Shares   Value
   

Aerospace & Defense—8.8%

   

Lockheed Martin Corp.

  1,106,440   $ 86,390,835

Northrop Grumman Corp.

  895,590     46,346,783

United Technologies Corp.

  643,440     39,204,799
       
      171,942,417
       

Auto Components—0.4%

   

Johnson Controls, Inc. (a)

  295,650     7,556,814
       

Beverages—2.3%

   

Diageo, Plc. (GBP)

  1,617,900     24,885,162

PepsiCo, Inc.

  330,530     19,388,890
       
      44,274,052
       

Capital Markets—8.0%

   

Northern Trust Corp.

  97,170     5,651,407

State Street Corp.

  732,670     38,538,442

The Bank of New York Mellon Corp.

  1,794,886     52,033,745

The Goldman Sachs Group, Inc.

  327,300     60,337,755
       
      156,561,349
       

Chemicals—2.4%

   

Air Products & Chemicals, Inc.

  223,470     17,336,803

PPG Industries, Inc. (a)

  501,800     29,209,778
       
      46,546,581
       

Commercial Banks—3.1%

   

PNC Financial Services Group, Inc.

  364,690     17,720,287

Regions Financial Corp.

  1,061,300     6,590,673

Wells Fargo & Co.

  1,288,960     36,322,893
       
      60,633,853
       

Computers & Peripherals—1.9%

   

Hewlett-Packard Co.

  141,430     6,676,910

International Business Machines Corp.

  260,280     31,132,091
       
      37,809,001
       

Diversified Consumer Services—0.2%

   

Apollo Group, Inc. (Class A) (b)

  58,970     4,344,320
       

Diversified Financial Services—2.9%

   

JPMorgan Chase & Co.

  1,298,810     56,913,854
       

Diversified Telecommunication Services—3.5%

AT&T, Inc.

  2,542,140     68,663,201
       

Electric Utilities—2.0%

   

Entergy Corp.

  156,000     12,458,160

FPL Group, Inc.

  221,770     12,248,357

PPL Corp.

  468,400     14,211,256
       
      38,917,773
       

Energy Equipment & Services—0.7%

   

National Oilwell Varco, Inc. (b)

  318,030     13,716,634
       
Security Description   Shares   Value
   

Food & Staples Retailing—2.3%

   

CVS Caremark Corp.

  804,318   $ 28,746,325

The Kroger Co.

  808,390     16,685,170
       
      45,431,495
       

Food Products—3.4%

   

Campbell Soup Co.

  119,510     3,898,416

General Mills, Inc.

  129,120     8,312,745

Kellogg Co.

  324,690     15,984,489

Nestle S.A. (CHF)

  726,974     30,972,190

The J. M. Smucker Co.

  147,760     7,832,758
       
      67,000,598
       

Health Care Equipment & Supplies—2.0%

   

Becton, Dickinson & Co.

  211,170     14,729,108

Medtronic, Inc.

  657,770     24,205,936
       
      38,935,044
       

Health Care Providers & Services—0.2%

   

WellPoint, Inc. (b)

  87,740     4,155,366
       

Household Durables—0.4%

   

Pulte Homes, Inc. (b)

  718,390     7,895,106
       

Household Products—1.4%

   

Kimberly-Clark Corp.

  103,110     6,081,428

Procter & Gamble Co.

  356,665     20,658,037
       
      26,739,465
       

Industrial Conglomerates—1.0%

   

3M Co.

  263,880     19,474,344
       

Insurance—7.1%

   

AON Corp.

  419,530     17,070,676

Prudential Financial, Inc.

  350,030     17,469,997

The Allstate Corp.

  1,598,550     48,947,601

The Chubb Corp.

  484,700     24,433,727

The Travelers Cos., Inc.

  620,430     30,543,769
       
      138,465,770
       

IT Services—2.4%

   

Accenture, Plc.

  1,054,890     39,315,750

The Western Union Co.

  407,560     7,711,035
       
      47,026,785
       

Leisure Equipment & Products—0.3%

   

Hasbro, Inc.

  198,150     5,498,663
       

Life Sciences Tools & Services—0.8%

   

Thermo Fisher Scientific, Inc. (b)

  166,840     7,285,903

Waters Corp. (b)

  153,760     8,589,033
       
      15,874,936
       

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

MFS Value Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—(Continued)

 

 

Security Description   Shares   Value
   

Machinery—1.3%

   

Danaher Corp. (a)

  135,110   $ 9,095,605

Eaton Corp.

  276,950     15,672,601
       
      24,768,206
       

Media—3.3%

   

Omnicom Group, Inc.

  689,470     25,469,022

The Walt Disney Co.

  1,092,851     30,009,688

WPP, Plc. (GBP)

  1,111,223     9,563,753
       
      65,042,463
       

Multi-Utilities—2.9%

   

Dominion Resources, Inc.

  669,624     23,102,028

PG&E Corp.

  440,720     17,844,753

Public Service Enterprise Group, Inc.

  459,210     14,437,562
       
      55,384,343
       

Multiline Retail—0.4%

   

Macy’s, Inc. (a)

  446,980     8,175,264
       

Oil, Gas & Consumable Fuels—12.7%

   

Apache Corp.

  307,010     28,192,728

Chevron Corp.

  583,144     41,070,832

ConocoPhillips

  187,417     8,463,752

Devon Energy Corp.

  330,800     22,272,764

EOG Resources, Inc.

  228,670     19,096,232

Exxon Mobil Corp.

  606,290     41,597,557

Hess Corp.

  446,290     23,858,663

Occidental Petroleum Corp.

  181,280     14,212,352

Total S.A. (ADR) (a)

  838,730     49,703,140
       
      248,468,020
       

Pharmaceuticals—8.6%

   

Abbott Laboratories

  623,760     30,857,407

GlaxoSmithKline, Plc. (GBP)

  476,820     9,394,926

Johnson & Johnson

  548,020     33,368,938

Merck & Co., Inc. (a)

  1,248,160     39,479,301

Pfizer, Inc.

  2,004,390     33,172,654

Roche Holding AG (CHF)

  45,450     7,347,743

Wyeth

  284,360     13,814,209
       
      167,435,178
       

Professional Services—0.3%

   

Dun & Bradstreet Corp.

  86,990     6,552,087
       

Road & Rail—0.3%

   

Burlington Northern Santa Fe Corp.

  53,060     4,235,780

Canadian National Railway Co.

  17,660     865,163
       
      5,100,943
       

Semiconductors & Semiconductor Equipment—1.4%

 

Intel Corp.

  1,393,780     27,276,275
       

Software—1.3%

   

Oracle Corp.

  1,200,090     25,009,876
       
Security Description   Shares   Value  
   

Specialty Retail—1.9%

   

Abercrombie & Fitch Co. (Class A) (a)

    138,950   $ 4,568,676   

Home Depot, Inc.

    129,190     3,441,622   

Staples, Inc.

    398,300     9,248,526   

The Sherwin-Williams Co. (a)

    309,200     18,601,472   
         
      35,860,296   
         

Textiles, Apparel & Luxury Goods—1.5%

  

Nike, Inc. (a)

    435,960     28,206,612   
         

Tobacco—3.4%

   

Altria Group, Inc.

    216,660     3,858,715   

Lorillard, Inc.

    39,750     2,953,425   

Philip Morris International, Inc.

    1,227,780     59,841,997   
         
      66,654,137   
         

Trading Companies & Distributors—0.5%

  

W.W. Grainger, Inc. (a)

    114,640     10,244,230   
         

Wireless Telecommunication Services—1.5%

 

Vodafone Group, Plc. (GBP)

    12,844,165     28,864,667   
         

Total Common Stock
(Identified Cost $1,784,467,297)

      1,927,420,018   
         
Short Term Investments—2.7%   
Security Description   Shares/Par
Amount
  Value  

Commercial Paper—1.0%

   

ConocoPhillips
1.000%, 10/01/09

  $ 9,784,000     9,784,000   

JPMorgan Chase & Co.
0.010%, 10/01/09

    10,326,000     10,326,000   
         
      20,110,000   
         

Mutual Funds—1.7%

   

State Street Navigator Securities Lending Prime Portfolio (c)

    33,123,984     33,123,984   
         

Total Short Term Investments
(Identified Cost $53,233,984)

      53,233,984   
         

Total Investments—101.5%
(Identified Cost $1,837,701,281) (d)

      1,980,654,002   

Liabilities in excess of other assets

      (29,555,264
         
Net Assets—100%     $ 1,951,098,738   
         

 

(a) All or a portion of the security was on loan. As of September 30, 2009, the market value of securities loaned was $32,451,798 and the collateral received consisted of cash in the amount of $33,123,984. 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.

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

MFS Value Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

 

 

(d) The aggregate cost of investments for federal income tax purposes as of September 30, 2009 was $1,837,701,281 and the composition of unrealized appreciation and depreciation of investment securities was $173,211,366 and $(30,258,645), 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.
(CHF)— Swiss Franc
(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-139


Table of Contents

Metropolitan Series Fund, Inc.

 

MFS Value Portfolio

 

 

 

VALUATION INPUTS

 

The Portfolio is subject to the provisions of the Statement of Financial Accounting Standards No. 157, Fair Value Measurements (“FAS 157”). FAS 157 establishes a framework for measuring fair value and expands disclosures about fair value measurements in 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 Portfolio’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 investments as of September 30, 2009:

 

Description    Level 1    Level 2    Level 3    Total
Common Stock            

Aerospace & Defense

   $ 171,942,417    $ —      $ —      $ 171,942,417

Auto Components

     7,556,814      —        —        7,556,814

Beverages

     19,388,890      24,885,162      —        44,274,052

Capital Markets

     156,561,349      —        —        156,561,349

Chemicals

     46,546,581      —        —        46,546,581

Commercial Banks

     60,633,853      —        —        60,633,853

Computers & Peripherals

     37,809,001      —        —        37,809,001

Diversified Consumer Services

     4,344,320      —        —        4,344,320

Diversified Financial Services

     56,913,854      —        —        56,913,854

Diversified Telecommunication Services

     68,663,201      —        —        68,663,201

Electric Utilities

     38,917,773      —        —        38,917,773

Energy Equipment & Services

     13,716,634      —        —        13,716,634

Food & Staples Retailing

     45,431,495      —        —        45,431,495

Food Products

     36,028,408      30,972,190      —        67,000,598

Health Care Equipment & Supplies

     38,935,044      —        —        38,935,044

Health Care Providers & Services

     4,155,366      —        —        4,155,366

Household Durables

     7,895,106      —        —        7,895,106

Household Products

     26,739,465      —        —        26,739,465

Industrial Conglomerates

     19,474,344      —        —        19,474,344

Insurance

     138,465,770      —        —        138,465,770

IT Services

     47,026,785      —        —        47,026,785

Leisure Equipment & Products

     5,498,663      —        —        5,498,663

Life Sciences Tools & Services

     15,874,936      —        —        15,874,936

Machinery

     24,768,206      —        —        24,768,206

Media

     55,478,710      9,563,753      —        65,042,463

Multi-Utilities

     55,384,343      —        —        55,384,343

Multiline Retail

     8,175,264      —        —        8,175,264

Oil, Gas & Consumable Fuels

     248,468,020      —        —        248,468,020

Pharmaceuticals

     150,692,509      16,742,669      —        167,435,178

Professional Services

     6,552,087      —        —        6,552,087

Road & Rail

     5,100,943      —        —        5,100,943

Semiconductors & Semiconductor Equipment

     27,276,275      —        —        27,276,275

Software

     25,009,876      —        —        25,009,876

Specialty Retail

     35,860,296      —        —        35,860,296

Textiles, Apparel & Luxury Goods

     28,206,612      —        —        28,206,612

Tobacco

     66,654,137      —        —        66,654,137

Trading Companies & Distributors

     10,244,230      —        —        10,244,230

Wireless Telecommunication Services

     —        28,864,667      —        28,864,667

Total Common Stock

     1,816,391,577      111,028,441      —        1,927,420,018
Short Term Investments            

Commercial Paper

     —        20,110,000      —        20,110,000

Mutual Funds

     33,123,984      —        —        33,123,984

Total Short Term Investments

     33,123,984      20,110,000      —        53,233,984

Total Investments

   $ 1,849,515,561    $ 131,138,441    $ —      $ 1,980,654,002
                             

 

MSF-140


Table of Contents

Metropolitan Series Fund, Inc.

 

Morgan Stanley EAFE Index Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—98.2% of Net Assets

 

Security Description   Shares   Value
   

Australia—8.1%

   

AGL Energy, Ltd.

  27,513   $ 331,720

Alumina, Ltd.

  143,169     227,705

Amcor, Ltd.

  82,560     398,827

AMP, Ltd.

  133,697     765,802

Arrow Energy, Ltd. (a)

  40,449     152,140

Asciano Group

  176,800     256,498

ASX, Ltd.

  11,184     346,281

Australia & New Zealand Banking Group, Ltd.

  154,087     3,304,449

AXA Asia Pacific Holdings, Ltd.

  68,772     263,827

Bendigo Bank, Ltd.

  16,859     139,440

BGP Holdings Plc. (b)

  713,624     0

BHP Billiton, Ltd.

  220,937     7,303,869

Billabong International, Ltd. (c)

  13,968     147,217

BlueScope Steel, Ltd.

  108,435     277,871

Boral, Ltd. (c)

  33,631     179,986

Brambles, Ltd.

  89,667     636,411

CFS Retail Property Trust (REIT)

  95,649     169,095

Coca-Cola Amatil, Ltd.

  42,510     367,522

Cochlear, Ltd. (c)

  4,856     285,799

Commonwealth Bank of Australia

  99,602     4,530,646

Computershare, Ltd.

  29,681     291,393

Crown, Ltd. (c)

  29,464     231,260

CSL, Ltd.

  42,082     1,239,247

CSR, Ltd.

  92,548     152,857

DB RREEF Trust (REIT)

  410,675     305,178

Fairfax Media, Ltd. (c)

  150,980     228,858

Fortescue Metals Group, Ltd. (a) (c)

  82,630     276,998

Foster’s Group, Ltd.

  131,472     642,131

Goodman Group (REIT)

  413,385     240,907

GPT Group (REIT)

  713,624     429,695

Incitec Pivot, Ltd.

  104,676     260,343

Insurance Australia Group, Ltd.

  133,405     443,744

Leighton Holdings, Ltd. (c)

  9,786     311,257

Lend Lease Corp., Ltd.

  30,661     285,559

Lion Nathan, Ltd.

  21,432     216,555

Macquarie Group, Ltd.

  20,374     1,049,786

Macquarie Infrastructure Group

  183,237     237,723

Metcash, Ltd.

  49,589     196,756

Mirvac Group (REIT)

  174,584     257,738

National Australia Bank, Ltd.

  126,608     3,423,516

Newcrest Mining, Ltd.

  30,833     867,196

Nufarm, Ltd. (c)

  10,010     100,150

OneSteel, Ltd.

  95,679     254,245

Orica, Ltd.

  24,272     501,791

Origin Energy, Ltd.

  62,231     892,154

Oxiana, Ltd.

  189,734     189,560

Paladin Energy, Ltd. (a)

  39,416     155,294

Qantas Airways, Ltd.

  58,796     148,088

QBE Insurance Group, Ltd.

  65,898     1,394,462

Rio Tinto, Ltd.

  29,640     1,542,470

Santos, Ltd.

  51,562     687,956

Sims Group, Ltd. (c)

  9,738     194,565

Sonic Healthcare, Ltd.

  24,290     303,232

Stockland (REIT)

  170,116     609,731

Suncorp-Metway, Ltd.

  85,502     666,909

TABCORP Holdings, Ltd.

  39,512     248,916

Tattersall’s, Ltd.

  76,330     170,770
Security Description   Shares   Value
   

Australia—(Continued)

   

Telstra Corp., Ltd.

  286,849   $ 826,606

Toll Holdings, Ltd. (c)

  41,980     314,416

Transurban Group

  86,903     313,733

Wesfarmers, Ltd.

  66,995     1,560,660

Wesfarmers, Ltd. (Price Protected Shares) (a)

  11,090     260,382

Westfield Group (REIT)

  131,549     1,602,431

Westpac Banking Corp.

  191,938     4,423,850

Woodside Petroleum, Ltd.

  32,342     1,480,842

Woolworths, Ltd.

  81,071     2,089,667

WorleyParsoms, Ltd.

  10,634     278,337
       
      52,885,019
       

Austria—0.3%

   

Erste Bank der oesterreichischen Sparkassen AG (c)

  12,016     537,055

OMV AG

  9,072     365,369

Raiffeisen International Bank Holding AG (c)

  3,451     225,022

Telekom Austria AG

  23,731     427,775

Verbund-Oesterreichische Elektrizitaetswirtschafts AG (Class A)

  5,457     276,073

Voestalpine AG

  7,335     262,392

Wiener Staedtische Versicherung AG

  2,911     166,141
       
      2,259,827
       

Belgium—1.0%

   

Anheuser-Busch InBev NV

  47,387     2,164,361

Anheuser-Busch InBev NV (VVPR Strip) (a)

  17,553     77

Belgacom S.A.

  10,680     415,677

Colruyt S.A. (c)

  1,086     255,032

Delhaize Group

  6,756     468,444

Dexia S.A.

  32,440     298,973

Fortis

  137,599     645,238

Fortis Bank S.A. (a) (b) (d)

  5     0

Groupe Bruxelles Lambert S.A.

  5,116     472,368

KBC Groep NV

  10,239     514,926

Mobistar S.A.

  1,944     134,499

Nationale A Portefeuille

  2,443     132,778

Solvay S.A.

  3,502     363,309

UCB S.A. (c)

  6,793     287,779

Umicore S.A.

  10,128     303,418
       
      6,456,879
       

Bermuda—0.4%

   

Cheung Kong Infrastructure Holdings, Ltd. (HKD)

  33,000     118,227

Esprit Holdings, Ltd. (HKD)

  76,100     510,356

Kerry Properties, Ltd. (HKD)

  46,500     249,750

Li & Fung, Ltd. (HKD)

  150,800     615,082

Noble Group, Ltd. (SGD)

  69,000     118,808

NWS Holdings, Ltd. (HKD)

  63,000     122,136

SeaDrill, Ltd. (NOK) (c)

  18,268     379,230

Shangri-La Asia, Ltd. (HKD)

  101,114     190,494

Yue Yuen Industrial Holdings, Ltd. (HKD) (c)

  50,500     141,543
       
      2,445,626
       

Cyprus—0.0%

   

Bank of Cyprus Public Co., Ltd.

  36,625     280,431
       

 

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-141


Table of Contents

Metropolitan Series Fund, Inc.

 

Morgan Stanley EAFE Index Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares   Value
   

Denmark—0.9%

   

AP Moller-Maersk A/S (Series A)

  35   $ 235,115

AP Moller-Maersk A/S (Series B)

  72     497,699

Carlsberg A/S (Class B)

  7,030     511,177

Coloplast A/S

  1,846     154,799

Danske Bank A/S

  29,850     782,763

DSV A/S

  12,153     217,645

Novo Nordisk A/S

  29,410     1,845,006

Novozymes A/S (Series B) (c)

  3,213     302,696

Topdanmark A/S

  1,150     173,749

Vestas Wind Systems A/S (a)

  13,387     971,299
       
      5,691,948
       

Finland—1.2%

   

Elisa Oyj

  9,437     193,579

Fortum Oyj

  29,587     758,714

Kesko Oyj (c)

  4,472     150,004

Kone Oyj

  10,280     377,979

Metso Oyj

  8,217     231,620

Neste Oil Oyj

  7,224     133,465

Nokia Oyj

  250,463     3,679,322

Nokian Renkaat Oyj (c)

  7,322     170,721

Outokumpu Oyj

  11,843     222,276

Rautaruukki Oyj (c)

  5,366     128,512

Sampo Oyj

  27,863     701,287

Stora Enso Oyj

  40,497     282,552

UPM-Kymmene Oyj

  32,997     395,063

Wartsila Oyj (c)

  5,341     214,207
       
      7,639,301
       

France—10.3%

   

Accor S.A.

  9,539     530,767

Aeroports de Paris

  2,209     198,751

Air France-KLM

  7,711     140,342

Air Liquide S.A.

  16,854     1,914,444

Alcatel-Lucent

  146,253     654,584

Alstom

  12,763     932,326

Atos Origin S.A.

  3,177     160,428

AXA S.A.

  103,324     2,792,661

BNP Paribas (c)

  55,068     4,399,504

Bouygues

  15,053     766,320

Bureau Veritas S.A. (a)

  4,334     244,346

Cap Gemini S.A.

  9,755     510,976

Carrefour S.A.

  41,089     1,863,333

Casino Guichard-Perrachon S.A. (a)

  3,089     245,679

Christian Dior S.A.

  4,271     421,960

Cie de Saint-Gobain

  23,765     1,234,661

Cie Generale d’Optique Essilor International S.A. (c)

  13,981     796,128

Cie Generale de Geophysique-Veritas (a) (c)

  8,270     193,336

CNP Assurances

  2,630     267,750

Compagnie Générale des Etablissements Michelin (Class B)

  9,437     741,676

Credit Agricole S.A.

  60,620     1,266,356

Dassault Systemes S.A. (c)

  4,077     227,371

EDF S.A.

  15,693     931,642

Eiffage S.A. (c)

  2,346     149,376
Security Description   Shares   Value
   

France—(Continued)

   

Eramet

  363   $ 125,672

Eutelsat Communications (a)

  5,527     168,130

Fonciere Des Regions

  1,625     189,108

France Telecom S.A.

  120,545     3,220,775

Gaz de France S.A.

  79,464     3,548,813

Gecina S.A. (REIT)

  1,319     157,350

Groupe Danone (c)

  35,611     2,151,901

Hermes International (c)

  3,409     502,866

ICADE

  1,079     115,484

Imerys S.A. (a) (c)

  2,253     129,386

Klepierre (REIT)

  5,150     204,090

L’Oreal S.A. (c)

  15,817     1,579,249

Lafarge S.A. (c)

  13,215     1,180,058

Lagardere S.C.A.

  8,303     386,990

Legrand S.A. (c)

  5,988     166,623

lliad S.A. (c)

  1,063     119,827

LVMH Moet Hennessy Louis Vuitton S.A.

  16,180     1,627,624

Natixis

  61,277     369,505

Neopost S.A.

  1,997     179,091

Pernod-Ricard S.A. (c)

  12,848     1,020,729

Peugoet S.A.

  11,483     350,647

Pinault-Printemps-Redoute S.A. (c)

  4,886     626,397

Publicis Groupe

  7,880     316,217

Renault S.A. (c)

  11,630     543,339

Safran S.A.

  14,320     268,039

Sanofi-Aventis S.A.

  69,270     5,079,786

Schneider Electric S.A.

  15,429     1,563,454

Scor SE

  11,686     319,194

Societe Des Autoroutes Paris-Rhin-Rhone

  1,469     111,885

Societe Television Francaise 1

  8,156     143,402

Société BIC S.A.

  1,753     124,581

Société Générale

  30,650     2,467,010

Sodexho Alliance S.A.

  5,937     356,472

Suez Environment S.A. (a)

  16,270     372,659

Technip S.A.

  6,403     409,402

Thales S.A.

  6,811     337,651

Total S.A. (c)

  140,400     8,348,807

Unibail-Rodamco (REIT) (c)

  5,536     1,150,279

Vallourec S.A.

  3,983     674,772

Veolia Environnement

  25,072     962,031

Vinci S.A.

  27,904     1,579,688

Vivendi

  76,497     2,369,468
       
      67,203,168
       

Germany—7.6%

   

Adidas AG (c)

  12,448     658,234

Allianz SE

  29,839     3,724,139

BASF AG

  60,819     3,216,398

Bayer AG (c)

  49,768     3,443,029

Bayerische Motoren Werke AG

  22,590     1,089,235

Beiersdorf AG

  5,572     327,075

Celesio AG (c)

  5,284     145,256

Commerzbank AG (c)

  47,713     604,765

Daimler AG (c)

  59,444     2,989,943

Deutsche Bank AG (c)

  38,893     2,982,596

Deutsche Boerse AG

  12,893     1,052,536

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

Morgan Stanley EAFE Index Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares   Value
   

Germany—(Continued)

   

Deutsche Lufthansa AG

  17,782   $ 315,344

Deutsche Post AG

  58,431     1,093,550

Deutsche Postbank AG

  5,103     180,318

Deutsche Telekom AG (c)

  184,952     2,525,879

E.ON AG

  125,109     5,306,530

Fraport AG Frankfurt Airport Services

  2,305     122,495

Fresenius Medical Care AG (c)

  13,758     684,584

GEA Group AG

  10,696     222,924

Hannover Rueckversicherung AG

  3,778     173,180

Henkel AG & Co. KGaA

  9,848     357,435

Hochtief AG

  3,848     293,264

Infineon Technologies AG (a) (c)

  73,323     413,358

K&S AG

  9,505     518,131

Linde AG

  10,046     1,089,349

MAN AG (c)

  7,819     644,697

Merck KGaA

  4,173     414,560

Metro AG

  7,039     397,753

Müenchener Rüeckversicherungs AG (c)

  13,612     2,169,317

RWE AG (c)

  28,498     2,647,170

Salzgitter AG

  2,440     233,606

SAP AG (c)

  56,543     2,752,043

Siemens AG

  54,158     5,014,543

Solarworld AG (c)

  4,671     113,375

ThyssenKrupp AG (c)

  22,242     765,216

United Internet AG (c)

  8,781     132,492

Volkswagen AG (c)

  5,832     956,706

Wacker Chemie AG

  978     152,303
       
      49,923,328
       

Greece—0.6%

   

Alpha Bank A.E.

  23,734     439,008

Coca-Cola Hellenic Bottling Co. S.A.

  11,079     294,868

EFG Eurobank Ergasias S.A.

  22,006     348,331

Hellenic Telecommunications Organization S.A.

  17,555     290,957

Marfin Investment Group S.A.

  42,239     182,519

National Bank of Greece S.A.

  40,080     1,447,702

OPAP S.A.

  15,100     390,033

Piraeus Bank S.A.

  20,149     375,311

Public Power Corp. S.A.

  7,286     162,631

Titan Cement Co. S.A.

  3,934     136,233
       
      4,067,593
       

Hong Kong—1.9%

   

Bank of East Asia, Ltd.

  111,320     399,027

BOC Hong Kong Holdings, Ltd. (c)

  253,965     555,258

Cathay Pacific Airways, Ltd.

  87,000     137,529

Cheung Kong Holdings, Ltd.

  96,000     1,209,406

CLP Holdings, Ltd.

  130,877     890,503

Hang Lung Group, Ltd.

  60,000     297,789

Hang Lung Properties, Ltd.

  157,000     575,543

Hang Seng Bank, Ltd.

  49,400     706,995

Henderson Land Development Co., Ltd.

  73,000     467,133

Hong Kong & China Gas Co.

  257,195     649,036

Hong Kong Electric Holdings

  93,049     510,460

Hong Kong Exchanges & Clearing, Ltd.

  67,500     1,212,429

Hopewell Holdings

  50,000     156,295
Security Description   Shares   Value
   

Hong Kong—(Continued)

   

Hutchison Whampoa, Ltd.

  139,000   $ 995,695

MTR Corp.

  95,000     327,674

New World Development, Ltd.

  174,354     368,446

Sino Land Co.

  120,000     213,544

Sun Hung Kai Properties, Ltd.

  91,000     1,336,105

Swire Pacific, Ltd.

  53,817     631,529

The Link (REIT)

  148,141     326,682

Wharf Holdings, Ltd.

  95,433     503,481

Wheelock & Co., Ltd.

  68,000     221,814

Wing Hang Bank, Ltd.

  13,500     132,718
       
      12,825,091
       

Ireland—0.3%

   

CRH, Plc.

  44,684     1,237,058

Elan Corp., Plc.

  32,780     234,287

Kerry Group, Plc.

  9,378     267,989
       
      1,739,334
       

Italy—3.6%

   

A2A S.p.A.

  83,970     165,091

Alleanza Assicurazioni S.p.A.

  34,088     307,333

Assicuraziono Generali S.p.A.

  71,536     1,959,634

Atlantia S.p.A.

  16,870     408,834

Banca Carige S.p.A.

  49,591     148,071

Banca Monte dei Paschi di Siena S.p.A. (c)

  158,272     338,830

Banca Popolare di Milano Scarl

  27,586     209,804

Banco Popolare Scarl

  42,175     404,434

Enel S.p.A.

  430,184     2,728,837

Eni S.p.A.

  172,104     4,304,101

FIAT S.p.A.

  53,237     685,876

Finmeccanica S.p.A. (a)

  28,782     508,682

Intesa Sanpaolo S.p.A.

  512,876     2,267,774

Intesa Sanpaolo S.p.A. - RNC

  59,735     212,445

Luxottica Group S.p.A. (c)

  9,343     241,989

Mediaset S.p.A.

  51,298     359,290

Mediobanca S.p.A.

  33,548     458,651

Parmalat S.p.A.

  110,301     305,280

Prysmian S.p.A.

  8,255     154,988

Saipem S.p.A.

  16,955     509,762

Snam Rete Gas S.p.A.

  109,996     534,799

Telecom Italia S.p.A.

  676,598     1,187,323

Telecom Italia S.p.A. - RNC

  396,854     487,577

Terna Rete Elettrica Nazionale S.p.A.

  92,170     359,180

UniCredit S.p.A.

  956,460     3,744,283

Unione di Banche Italiane SCPA

  40,784     626,441
       
      23,619,309
       

Japan—21.1%

   

Advantest Corp. (c)

  11,800     323,137

Aeon Co., Ltd. (c)

  40,400     385,503

Aeon Mall Co., Ltd.

  6,100     126,145

Aioi Insurance Co., Ltd.

  32,000     162,521

Aisin Seiki Co., Ltd.

  11,900     288,239

Ajinomoto Co., Inc.

  50,000     500,988

All Nippon Airways Co., Ltd.

  59,000     169,572

Amada Co., Ltd. (c)

  27,000     180,791

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

Morgan Stanley EAFE Index Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares   Value
   

Japan—(Continued)

   

Asahi Breweries, Ltd. (c)

  24,300   $ 444,648

Asahi Glass Co., Ltd.

  72,000     578,184

Asahi Kasei Corp. (c)

  79,000     400,184

Astellas Pharma, Inc.

  29,500     1,215,323

Benesse Corp. (c)

  5,000     245,021

Bridgestone Corp. (c)

  40,900     730,212

Brother Industries, Ltd.

  16,400     197,053

Canon, Inc.

  69,800     2,799,435

Casio Computer Co., Ltd. (c)

  18,100     148,061

Central Japan Railway Co.

  100     719,452

Chubu Electric Power Co., Inc. (c)

  44,700     1,087,388

Chugai Pharmaceutical Co., Ltd.

  15,100     312,683

Chuo Mitsui Trust Holdings, Inc.

  60,262     221,811

Citizen Holdings Co., Ltd.

  22,600     126,268

Cosmo Oil Co., Ltd. (c)

  37,000     102,499

Credit Saison Co., Ltd. (c)

  10,500     123,087

Dai Nippon Printing Co., Ltd.

  40,000     548,738

Daicel Chemical Industries, Ltd.

  20,000     120,063

Daihatsu Motor Co., Ltd. (c)

  14,000     142,895

Daiichi Sankyo Co., Ltd.

  44,700     924,521

Daikin Industries, Ltd. (c)

  16,800     602,510

Dainippon Sumitomo Pharma Co., Ltd.

  11,900     129,498

Daito Trust Construction Co., Ltd.

  5,000     218,191

Daiwa House Industry Co., Ltd.

  33,000     346,721

Daiwa Securities Group, Inc.

  110,000     567,334

Denki Kagaku Kogyo K.K. (c)

  35,000     143,771

Denso Corp. (c)

  33,200     967,462

Dentsu, Inc. (c)

  12,700     294,308

East Japan Railway Co.

  22,500     1,619,941

Eisai Co., Ltd. (c)

  16,600     623,739

Electric Power Development Co., Ltd.

  8,800     279,319

Elpida Memory, Inc. (a)

  8,800     114,042

FamilyMart Co., Ltd. (c)

  4,300     138,694

Fanuc, Ltd. (c)

  12,800     1,146,547

Fast Retailing Co., Ltd.

  3,100     391,870

Fuji Heavy Industries, Ltd. (c)

  42,000     162,109

FUJIFILM Holdings Corp. (c)

  32,600     971,974

Fujitsu, Ltd. (c)

  125,000     811,671

Fukuoka Financial Group, Inc. (c)

  53,000     219,349

GS Yuasa Corp. (c)

  22,000     200,357

Hankyu Hanshin Holdings, Inc.

  76,000     365,288

Hirose Electric Co., Ltd. (c)

  2,200     247,945

Hisamitsu Pharmaceutical Co., Inc. (c)

  4,700     190,473

Hitachi Chemical Co., Ltd. (c)

  7,300     148,461

Hitachi Construction Machinary Co., Ltd. (c)

  6,400     136,578

Hitachi Metals, Ltd. (c)

  12,000     122,024

Hitachi, Ltd.

  241,000     738,768

Hokkaido Electric Power Co., Inc. (c)

  15,300     319,086

Hokuhoku Financial Group, Inc. (c)

  76,000     177,161

Hokuriku Electric Power Co. (c)

  12,000     305,941

Honda Motor Co., Ltd. (c)

  109,000     3,313,586

Hoya Corp.

  26,300     618,459

Ibiden Co., Ltd.

  8,100     299,349

Idemitsu Kosan Co., Ltd. (c)

  1,600     131,415

Ihi Corp.

  99,000     199,691

Inpex Holdings, Inc.

  53     450,592

Isetan Mitsukoshi Holdings, Ltd. (c)

  22,400     256,288
Security Description   Shares   Value
   

Japan—(Continued)

   

Isuzu Motors, Ltd. (c)

  84,000   $ 176,388

Itochu Corp.

  106,000     697,060

J Front Retailing Co., Ltd. (c)

  30,000     180,184

Japan Airlines Corp. (c)

  60,000     88,224

Japan Real Estate Investment Corp. (REIT)

  27     220,844

Japan Retail Fund Investment Corp. (REIT)

  24     130,571

Japan Tobacco, Inc.

  316     1,078,835

JFE Holdings, Inc.

  32,700     1,114,174

JGC Corp.

  13,000     264,139

JS Group Corp.

  16,900     295,296

JSR Corp. (c)

  11,300     230,926

JTEKT Corp. (c)

  12,600     145,920

Jupiter Telecommunications Co., Ltd. (a)

  191     185,290

Kajima Corp. (c)

  59,000     150,695

Kamigumi Co., Ltd.

  17,000     138,235

Kaneka Corp.

  20,000     143,639

Kansai Paint Co., Ltd.

  15,000     116,626

Kao Corp.

  36,000     889,753

Kawasaki Heavy Industries, Ltd. (c)

  96,000     242,533

Kawasaki Kisen Kaisha, Ltd. (c)

  41,000     151,551

KDDI Corp.

  194     1,094,057

Keihin Electric Express Railway Co., Ltd. (c)

  36,000     306,191

Keio Corp. (c)

  45,000     306,759

Keisei Electric Railway Co., Ltd. (c)

  19,000     126,042

Keyence Corp.

  3,000     639,519

Kikkoman Corp. (c)

  11,000     136,472

Kintetsu Corp. (c)

  121,120     469,656

Kirin Holdings Co., Ltd.

  56,000     858,185

Kobe Steel, Ltd. (c)

  177,000     308,311

Komatsu, Ltd. (c)

  63,200     1,176,596

Konami Corp. (c)

  8,300     168,624

Konica Minolta Holdings, Inc.

  37,000     349,573

Kubota Corp. (c)

  70,000     581,239

Kuraray Co., Ltd.

  24,500     266,569

Kurita Water Industries, Ltd. (c)

  7,100     254,556

Kyocera Corp. (c)

  11,100     1,023,168

Kyowa Hakko Kogyo Co., Ltd. (c)

  20,000     252,909

Kyushu Electric Power Co., Inc. (c)

  25,500     578,530

Lawson, Inc.

  4,900     228,340

Makita Corp.

  9,400     296,537

Marubeni Corp.

  112,000     562,652

Matsushita Electric Industrial Co., Ltd. (c)

  129,800     1,904,037

Matsushita Electric Works, Ltd. (c)

  24,000     285,553

Mazda Motor Corp. (c)

  62,000     138,082

Mediceo Paltac Holdings Co., Ltd. (c)

  11,100     156,102

MEIJI Holdings Co., Ltd.

  5,100     217,481

Minebea Co., Ltd. (c)

  25,000     114,236

Mitsubishi Chemical Holdings Corp. (c)

  88,000     363,610

Mitsubishi Corp.

  89,800     1,808,130

Mitsubishi Electric Corp.

  137,000     1,031,659

Mitsubishi Estate Co., Ltd.

  78,000     1,222,349

Mitsubishi Gas & Chemical Co., Inc. (c)

  26,000     140,634

Mitsubishi Heavy Industries, Ltd. (c)

  204,000     769,334

Mitsubishi Materials Corp.

  79,000     217,264

Mitsubishi Motors Corp. (a) (c)

  237,000     389,349

Mitsubishi Rayon Co., Ltd. (c)

  38,000     129,308

Mitsubishi Tanabe Pharma Corp. (c)

  15,000     200,052

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

Morgan Stanley EAFE Index Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares   Value
   

Japan—(Continued)

   

Mitsubishi UFJ Financial Group, Inc.

  613,488   $ 3,290,145

Mitsubishi UFJ Lease & Finance Co., Ltd. (c)

  4,150     124,652

Mitsui & Co., Ltd.

  114,917     1,499,444

Mitsui Chemicals, Inc. (c)

  56,000     199,282

Mitsui Engineering & Shipbuilding Co., Ltd. (c)

  50,000     129,063

Mitsui Fudosan Co., Ltd. (c)

  56,000     941,057

Mitsui Mining & Smelting Co., Ltd. (c)

  43,000     110,016

Mitsui OSK Lines, Ltd. (c)

  75,000     442,738

Mitsui Sumitomo Insurance Group

  28,100     775,846

Mitsumi Electric Co., Ltd.

  5,700     122,709

Mizuho Financial Group, Inc. (c)

  852,500     1,689,414

Mizuho Trust & Banking Co., Ltd. (c)

  107,000     112,486

Murata Manufacturing Co., Ltd.

  14,100     666,358

Namco Bandai Holdings, Inc. (c)

  12,500     128,073

NEC Corp. (c)

  142,000     443,244

NGK Insulators, Ltd. (c)

  17,000     392,368

NGK Spark Plug Co., Ltd. (c)

  10,000     126,720

Nidec Corp.

  7,100     577,168

Nikon Corp. (c)

  23,000     419,076

Nintendo Co., Ltd.

  6,600     1,691,939

Nippon Building Fund, Inc. (REIT)

  35     312,485

Nippon Electric Glass Co., Ltd.

  23,000     208,703

Nippon Express Co., Ltd.

  59,000     238,964

Nippon Meat Packers, Inc. (c)

  14,000     179,536

Nippon Mining Holdings, Inc.

  67,000     327,270

Nippon Oil Corp.

  90,000     502,839

Nippon Paper Group, Inc. (c)

  6,300     181,991

Nippon Sheet Glass Co., Ltd. (c)

  35,000     116,604

Nippon Steel Corp. (c)

  343,000     1,245,920

Nippon Telephone & Telegraph Corp.

  34,400     1,592,040

Nippon Yusen K.K. (c)

  75,000     289,472

NIPPONKOA Insurance Co., Ltd. (c)

  44,000     274,225

Nissan Chemical Industries, Ltd. (c)

  10,000     143,812

Nissan Motor Co., Ltd.

  165,600     1,115,009

Nisshin Seifun Group, Inc.

  13,000     181,370

Nissin Food Products Co., Ltd.

  4,700     180,683

Nitori Co., Ltd.

  2,650     225,896

Nitto Denko Corp.

  13,200     402,514

Nomura Holdings, Inc. (c)

  172,300     1,055,329

Nomura Real Estate Holdings, Inc. (c)

  6,900     112,128

Nomura Real Estate Office Fund, Inc. (REIT)

  20     133,006

Nomura Research Institute, Ltd. (c)

  6,200     147,764

NSK, Ltd. (c)

  30,000     185,273

NTN Corp. (c)

  25,000     103,316

NTT Data Corp.

  80     255,937

NTT DoCoMo, Inc.

  1,041     1,663,104

Obayashi Corp. (c)

  39,000     170,586

Odakyu Electric Railway Co., Ltd. (c)

  40,000     361,029

OJI Paper Co., Ltd. (c)

  68,000     306,903

Olympus Corp. (c)

  16,000     422,267

Omron Corp. (c)

  13,600     256,174

Ono Pharmaceutical Co., Ltd.

  6,400     332,687

Oriental Land Co., Ltd. (c)

  3,400     239,814

ORIX Corp. (c)

  7,060     430,357

Osaka Gas Co., Ltd.

  146,000     513,344

Rakuten, Inc. (c)

  495     329,895

Resona Holdings, Inc.

  32,900     423,862
Security Description   Shares   Value
   

Japan—(Continued)

   

Ricoh Co., Ltd. (c)

  45,000   $ 650,610

Rinnai Corp. (c)

  2,800     132,020

Rohm Co., Ltd.

  7,400     516,037

Sankyo Co., Ltd. (c)

  3,600     225,320

Santen Pharmaceutical Co., Ltd.

  5,500     202,638

Sanyo Electric Co., Ltd. (c)

  110,000     259,146

SBI Holdings, Inc. (c)

  1,149     225,472

Secom Co., Ltd.

  13,500     678,343

Sega Sammy Holdings, Inc. (c)

  13,400     174,842

Seiko Epson Corp. (c)

  8,600     128,706

Sekisui Chemical Co., Ltd.

  27,000     156,242

Sekisui House, Ltd.

  35,000     314,281

Seven & I Holdings Co., Ltd.

  52,900     1,264,189

Sharp Corp. (c)

  65,000     718,792

Shikoku Electric Power Co., Inc. (c)

  11,700     357,847

Shimadzu Corp. (c)

  18,000     130,006

Shimamura Co., Ltd.

  1,400     137,982

Shimano, Inc. (c)

  6,200     267,192

Shimizu Corp. (c)

  37,000     144,989

Shin-Etsu Chemical Co., Ltd.

  27,200     1,666,794

Shinko Securities Co., Ltd. (c)

  37,000     133,649

Shionogi & Co., Ltd.

  19,000     449,881

Shiseido Co., Ltd. (c)

  24,000     419,080

Showa Denko K.K. (c)

  83,000     168,293

Showa Shell Sekiyu K.K. (c)

  14,000     152,836

SMC Corp.

  3,700     453,755

Softbank Corp. (c)

  52,700     1,153,509

Sojitz Corp. (c)

  113,600     214,661

Sompo Japan Insurance, Inc.

  60,000     401,231

Sony Corp.

  66,500     1,950,072

Sony Financial Holdings, Inc.

  64     183,658

Stanley Electric Co., Ltd.

  11,800     237,971

Sumco Corp. (c)

  8,200     185,472

Sumitomo Chemical Co., Ltd.

  100,000     414,306

Sumitomo Corp. (c)

  76,600     784,593

Sumitomo Electric Industries, Ltd.

  48,434     629,906

Sumitomo Heavy Industries, Ltd. (c)

  39,000     188,794

Sumitomo Metal Industries, Ltd. (c)

  239,000     584,489

Sumitomo Metal Mining Co., Ltd. (c)

  34,000     555,045

Sumitomo Mitsui Financial Group, Inc. (c)

  60,000     2,082,389

Sumitomo Realty & Development Co., Ltd. (c)

  25,000     453,994

Sumitomo Rubber Industries, Ltd.

  12,700     119,120

Suruga Bank, Ltd.

  17,000     160,372

Suzuken Co., Ltd. (c)

  5,574     192,602

Suzuki Motor Corp. (c)

  22,700     528,743

T&D Holdings, Inc. (c)

  14,950     401,988

Taisei Corp. (c)

  69,000     136,308

Taisho Pharmaceutical Co., Ltd. (c)

  10,000     202,621

Taiyo Nippon Sanso Corp. (c)

  18,000     213,453

Takashimaya Co., Ltd. (c)

  17,000     135,451

Takeda Pharmaceutical Co., Ltd.

  49,600     2,071,458

TDK Corp.

  9,100     522,959

Teijin, Ltd. (c)

  66,000     205,017

Terumo Corp. (c)

  10,800     593,004

The 77 Bank, Ltd. (c)

  20,000     114,207

The Bank of Kyoto, Ltd. (c)

  22,000     202,096

The Bank of Yokohama, Ltd.

  83,000     404,817

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

Morgan Stanley EAFE Index Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares   Value
   

Japan—(Continued)

   

The Chiba Bank, Ltd.

  47,000   $ 290,080

The Chugoku Bank, Ltd. (c)

  12,000     151,738

The Chugoku Electric Power Co., Inc. (c)

  18,300     403,352

The Furukawa Electric Co., Ltd. (c)

  38,000     153,622

The Gunma Bank, Ltd.

  26,000     142,788

The Hachijuni Bank, Ltd.

  30,000     166,480

The Hiroshima Bank, Ltd. (c)

  38,000     156,551

The Iyo Bank, Ltd. (c)

  17,000     153,290

The Japan Steel Works, Ltd. (c)

  21,000     240,325

The Joyo Bank, Ltd. (c)

  54,000     264,604

The Kansai Electric Power Co., Inc.

  50,800     1,230,707

The Nishi-Nippon Bank, Ltd.

  52,000     131,632

The Shizuoka Bank, Ltd. (c)

  41,000     431,849

The Sumitomo Trust & Banking Co., Ltd. (c)

  91,000     479,652

The Tokyo Electric Power Co., Inc. (c)

  80,100     2,106,132

THK Co., Ltd. (c)

  7,700     149,934

Tobu Railway Co., Ltd. (c)

  52,000     318,469

Toho Co., Ltd. (c)

  6,367     108,216

Toho Gas Co., Ltd.

  31,000     141,756

Tohoku Electric Power Co., Inc. (c)

  29,800     664,875

Tokio Marine Holdings, Inc. (c)

  48,000     1,391,044

Tokuyama Corp. (c)

  15,000     109,848

Tokyo Electron, Ltd.

  11,400     722,429

Tokyo Gas Co., Ltd.

  147,000     611,495

Tokyo Tatemono Co., Ltd. (c)

  21,000     101,939

Tokyu Corp.

  76,000     364,185

Tokyu Land Corp. (c)

  29,000     115,554

TonenGeneral Sekiyu K.K. (c)

  18,000     175,743

Toppan Printing Co., Ltd. (c)

  41,000     386,903

Toray Industries, Inc. (c)

  101,000     609,782

Toshiba Corp. (c)

  254,000     1,324,528

Toto, Ltd. (c)

  19,000     118,517

Toyo Seikan Kaisha, Ltd. (c)

  10,200     195,807

Toyo Suisan Kaisha, Ltd.

  6,000     162,992

Toyoda Gosei Co., Ltd. (c)

  4,700     136,545

Toyota Industries Corp. (c)

  12,600     344,201

Toyota Motor Corp.

  181,600     7,165,399

Toyota Tsusho Corp. (c)

  14,200     213,403

Trend Micro, Inc. (c)

  7,000     260,828

Tsumura & Co (c)

  3,900     140,765

Ube Industries, Ltd.

  68,000     178,522

Unicharm Corp. (c)

  3,200     304,247

Ushio, Inc.

  8,700     151,017

West Japan Railway Co.

  109     413,529

Yahoo! Japan Corp. (c)

  900     304,832

Yakult Honsha Co., Ltd. (c)

  5,300     141,031

Yamada Denki Co., Ltd.

  5,590     380,103

Yamaguchi Financial Group, Inc.

  15,000     155,535

Yamaha Corp. (c)

  11,500     135,801

Yamaha Motor Co., Ltd. (c)

  13,100     160,521

Yamato Holdings Co., Ltd. (c)

  27,000     441,742

Yamazaki Baking Co., Ltd.

  9,000     121,787

Yaskawa Electric Corp.

  18,000     129,268

Yokogawa Electric Corp. (c)

  16,700     147,081
       
      138,107,611
       
Security Description   Shares   Value
   

Luxembourg—0.5%

   

ArcelorMittal (c)

  56,699   $ 2,113,649

Millicom International Cellular S.A. (SEK) (a)

  5,885     429,338

SES (FDR)

  18,798     426,188

Tenaris S.A.

  31,061     552,733
       
      3,521,908
       

Mauritius—0.0%

   

Golden Agri-Resources, Ltd.

  492,569     148,958
       

Netherlands—2.7%

   

Aegon NV

  102,173     869,477

Akzo Nobel NV

  14,996     929,154

ASML Holding NV (a) (c)

  30,827     908,031

Corio NV (REIT)

  3,133     215,913

European Aeronautic Defense & Space Co. NV (c)

  27,187     610,214

Fugro NV

  3,571     206,362

Heineken Holding NV

  6,799     276,946

Heineken NV

  15,183     699,691

ING Groep NV

  128,803     2,298,897

James Hardie Industries NV (AUD)

  30,172     208,023

Koninklijke Ahold NV

  80,218     964,150

Koninklijke Boskalis Westminster NV

  3,508     119,902

Koninklijke DSM NV

  10,134     422,665

Koninklijke KPN NV

  112,246     1,860,642

Koninklijke Philips Electronics NV

  63,499     1,546,089

QIAGEN NV (a)

  12,040     255,307

Randstad Holding NV (c)

  7,076     305,999

Reed Elsevier NV

  43,414     489,772

SBM Offshore NV

  10,101     214,947

STMicroelectronics NV

  44,693     421,924

TNT NV

  24,146     648,414

Unilever NV

  107,051     3,086,768

Wolters Kluwer NV

  17,885     382,316
       
      17,941,603
       

New Zealand—0.1%

   

Fletcher Building, Ltd.

  59,357     357,556

Telecom Corp. of New Zealand, Ltd.

  179,842     346,069
       
      703,625
       

Norway—0.6%

   

DnB NOR ASA

  48,456     559,877

Norsk Hydro ASA (c)

  45,479     302,508

Orkla ASA

  54,230     509,932

Renewable Energy ASA (a) (c)

  21,778     191,913

StatoilHydro ASA

  73,849     1,652,183

Telenor ASA

  58,438     675,430

Yara International ASA

  10,675     334,013
       
      4,225,856
       

Portugal—0.3%

   

Banco Comercial Portugues S.A.

  163,646     241,963

Banco Espirito Santo S.A.

  39,907     282,990

Cimpor Cimentos de Portugal, SGPS, S.A.

  17,988     148,554

Energias de Portugal S.A.

  120,505     551,572

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

Morgan Stanley EAFE Index Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares   Value
   

Portugal—(Continued)

   

Galp Energia, SGPS, S.A. (c)

  12,522   $ 216,253

Jeronimo Martins, SGPS, S.A.

  16,067     140,603

Portugal Telecom, SGPS, S.A.

  42,778     453,130
       
      2,035,065
       

Singapore—1.3%

   

CapitaLand, Ltd. (a) (c)

  174,000     455,343

CapitaMall Trust (REIT)

  186,200     242,907

City Developments, Ltd.

  40,000     290,293

ComfortDelGro Corp., Ltd.

  153,000     173,921

DBS Group Holdings, Ltd.

  112,467     1,052,280

Fraser & Neave, Ltd. (c)

  76,000     212,582

Genting Singapore, Plc. (a) (c)

  281,000     221,359

Jardine Cycle & Carriage, Ltd.

  11,000     188,540

Keppel Corp., Ltd.

  79,000     451,149

Olam International, Ltd. (c)

  90,000     158,299

Oversea-Chinese Banking Corp., Ltd. (c)

  170,880     946,026

SembCorp Industries, Ltd.

  71,000     169,556

SembCorp Marine, Ltd. (c)

  63,000     140,937

Singapore Airlines, Ltd.

  36,940     361,134

Singapore Exchange, Ltd. (c)

  54,000     320,715

Singapore Press Holdings, Ltd. (c)

  117,250     319,449

Singapore Technologies Engineering, Ltd. (c)

  83,000     161,362

Singapore Telecommunications, Ltd.

  529,820     1,216,086

United Overseas Bank, Ltd.

  80,392     950,638

Wilmar International, Ltd.

  87,000     387,713
       
      8,420,289
       

Spain—4.7%

   

Abertis Infraestructuras S.A.

  18,578     421,470

Acciona S.A. (c)

  2,292     311,309

Acerinox S.A. (c)

  12,363     265,920

ACS Actividades de Construccion y Servicios S.A. (c)

  9,579     499,359

Banco Bilbao Vizcaya Argentaria S.A. (c)

  234,648     4,171,112

Banco de Sabadell S.A. (c)

  57,638     425,972

Banco de Valencia S.A. (c)

  13,568     127,182

Banco Popular Espanol S.A. (c)

  63,680     638,048

Banco Santander S.A.

  536,723     8,661,409

Bankinter S.A. (a)

  19,806     249,851

Cintra Concesiones de Infraestructuras de Transporte S.A.

  14,573     169,540

Criteria Caixacorp S.A. (a)

  53,350     273,861

EDP Renovaveis S.A. (c)

  14,440     158,632

Enagas S.A.

  10,769     224,975

Gamesa Corp. Tecnologica S.A.

  10,521     235,731

Gas Natural SDG S.A.

  15,186     335,471

Grifols S.A.

  8,240     156,864

Grupo Ferrovial S.A. (c)

  4,336     207,629

Iberdrola Renovables (a)

  51,000     250,873

Iberdrola S.A. (c)

  241,929     2,375,080

Inditex S.A.

  13,792     791,211

Indra Sistemas S.A.

  8,289     206,493

Mapfre S.A.

  47,190     210,949

Red Electrica de Espana

  6,962     356,023

Repsol YPF S.A.

  49,126     1,336,950
Security Description   Shares   Value
   

Spain—(Continued)

   

Telefonica S.A.

  278,658   $ 7,682,937

Zardoya Otis S.A.

  7,611     165,048
       
      30,909,899
       

Sweden—2.4%

   

Alfa Laval AB (c)

  26,060     305,367

Assa Abloy AB (Series B)

  20,057     324,545

Atlas Copco AB (Series A) (c)

  47,555     612,316

Atlas Copco AB (Series B)

  26,061     297,057

Electrolux AB (c)

  17,118     391,460

Getinge AB (Class B) (c)

  13,484     226,188

Hennes & Mauritz AB (Series B) (c)

  33,439     1,873,325

Husqvarna AB (Series B) (c)

  25,677     178,019

Investor AB

  28,200     513,923

Lundin Petroleum AB (a) (c)

  14,948     121,008

Nordea Bank AB (c)

  212,589     2,135,488

Sandvik AB (c)

  66,936     738,544

Scania AB

  21,772     269,831

Securitas AB (c)

  21,462     206,723

Skandinaviska Enskilda Banken AB (Series A) (c)

  94,431     635,270

Skanska AB (c)

  25,167     367,880

SKF AB

  29,555     463,398

SSAB AB (Series A) (c)

  11,498     177,281

Svenska Cellulosa AB

  34,876     472,127

Svenska Handelsbanken AB

  32,448     826,765

Swedbank AB (c)

  22,400     213,207

Swedish Match AB

  18,278     366,862

Tele2 AB

  17,423     230,898

Telefonaktiebolaget LM Ericsson (Class B) (c)

  195,431     1,954,593

TeliaSonera AB

  142,758     935,780

Volvo AB (Series A)

  28,429     254,303

Volvo AB (Series B) (c)

  69,624     643,711
       
      15,735,869
       

Switzerland—7.6%

   

ABB, Ltd.

  144,695     2,903,969

Actelion, Ltd. (a)

  6,285     390,223

Adecco S.A.

  8,604     457,532

Aryzta AG

  7,143     289,680

Baloise Holdings AG

  3,194     305,222

Compagnie Financiere Richemont S.A.

  34,383     972,303

Credit Suisse Group AG

  73,996     4,113,278

Geberit AG (c)

  3,089     474,265

Givaudan S.A.

  472     354,434

Holcim, Ltd. (c)

  15,531     1,067,039

Julius Baer Holding AG

  13,088     654,426

Kuehne & Nagel International AG

  3,252     282,740

Lindt & Spruengli AG

  7     194,403

Lindt & Spruengli AG (Participation Certificate)

  55     133,494

Logitech International S.A. (a) (c)

  10,725     195,973

Lonza Group AG (c)

  2,935     319,542

Nestle S.A.

  239,155     10,189,022

Nobel Biocare Holding AG

  8,030     265,828

Novartis AG

  139,025     6,970,043

Pargesa Holding S.A.

  1,694     146,395

Roche Holding AG

  46,183     7,466,245

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

Morgan Stanley EAFE Index Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares   Value
   

Switzerland—(Continued)

   

SGS S.A.

  302   $ 406,279

Sonova Holding AG (c)

  3,787     381,826

Straumann Holding AG (c)

  534     138,587

Swatch Group AG (Class A)

  3,213     146,117

Swatch Group AG (Class B)

  2,093     493,392

Swiss Life Holding

  2,159     255,700

Swiss Reinsurance

  22,745     1,026,565

Swisscom AG

  1,500     536,576

Syngenta AG

  6,316     1,448,140

UBS AG

  232,942     4,263,889

Zurich Financial Services AG

  9,612     2,287,747
       
      49,530,874
       

United Kingdom—20.6%

   

3i Group, Plc. (a)

  63,549     293,611

Admiral Group, Plc.

  11,691     216,557

AMEC, Plc.

  19,703     238,200

Anglo American, Plc.

  86,571     2,757,893

Antofagasta, Plc.

  24,514     297,509

Associated British Foods, Plc.

  22,128     299,933

AstraZeneca, Plc.

  95,170     4,270,303

Autonomy Corp., Plc. (a)

  13,555     353,957

Aviva, Plc.

  174,928     1,254,957

BAE Systems, Plc.

  232,106     1,296,296

Balfour Beatty, Plc.

  30,333     156,140

Barclays, Plc.

  724,260     4,283,589

Berkeley Group Holdings, Plc.

  8,248     117,031

BG Group, Plc.

  220,736     3,844,430

BHP Billiton, Plc.

  145,102     3,990,682

BP, Plc.

  1,231,661     10,916,979

British Airways, Plc. (c)

  41,370     146,199

British American Tobacco, Plc.

  131,243     4,127,814

British Land Co., Plc. (REIT)

  62,096     472,267

British Sky Broadcasting, Plc.

  73,950     676,605

BT Group, Plc.

  513,648     1,069,262

Bunzl, Plc.

  22,401     227,384

Burberry Group, Plc.

  26,876     216,608

Cable & Wireless, Plc.

  157,710     362,223

Cadbury, Plc.

  86,947     1,116,641

Cairn Energy, Plc. (a)

  10,393     463,860

Capita Group, Plc.

  39,413     455,601

Carnival, Plc. (c)

  11,804     402,847

Centrica, Plc.

  336,050     1,353,122

Cobham, Plc.

  73,272     256,654

Compass Group, Plc.

  121,661     744,763

Diageo, Plc.

  164,371     2,526,873

Drax Group

  21,005     158,397

Eurasian Natural Resources Corp. (a)

  21,266     297,878

Experian Group, Ltd.

  72,050     606,703

FirstGroup, Plc.

  30,753     203,823

Fresnillo, Plc.

  11,783     145,408

Friends Provident Group, Plc.

  183,982     244,882

G4S, Plc.

  83,089     293,489

GlaxoSmithKline, Plc.

  341,036     6,715,966

Hammerson, Plc. (REIT) (a)

  42,216     266,640

Home Retail Group, Plc. (a)

  54,363     236,862
Security Description   Shares   Value
   

United Kingdom—(Continued)

   

HSBC Holdings, Plc.

  1,130,805   $ 12,954,911

ICAP, Plc.

  36,213     244,948

Imperial Tobacco Group, Plc.

  66,840     1,932,762

Intercontinental Hotels Group, Plc.

  22,056     286,219

International Power, Plc.

  93,731     433,794

Invensys, Plc.

  47,928     223,774

Investec, Plc.

  26,347     193,075

J. Sainsbury, Plc.

  74,987     391,144

Johnson Matthey, Plc.

  14,556     322,877

Kazakhmys, Plc.

  13,920     239,975

Kingfisher, Plc.

  152,400     519,230

Ladbrokes, Plc.

  47,638     142,971

Land Securities Group, Plc. (REIT)

  46,385     463,907

Legal & General Group, Plc.

  357,048     501,726

Liberty International, Plc. (REIT) (c)

  30,011     230,486

Lloyds Banking Group, Plc.

  1,054,093     1,751,708

London Stock Exchange Group, Plc. (c)

  9,645     132,256

Lonmin, Plc.

  11,828     317,775

Man Group, Plc.

  108,024     573,444

Marks & Spencer Group, Plc.

  96,429     559,269

National Grid, Plc.

  159,749     1,547,309

Next, Plc.

  13,648     392,478

Old Mutual, Plc.

  381,581     611,391

Pearson, Plc.

  50,438     621,950

Petrofac, Ltd.

  13,680     216,484

Prudential, Plc.

  164,305     1,582,338

Randgold Resources, Ltd.

  5,063     354,094

Reckitt Benckiser Group, Plc.

  39,629     1,938,180

Reed Elsevier Plc.

  79,515     595,958

Rexam, Plc.

  57,692     240,851

Rio Tinto, Plc.

  90,110     3,869,629

Rolls-Royce Group, Plc.

  116,566     878,269

Royal Bank of Scotland Group, Plc.

  1,125,807     954,756

Royal Dutch Shell, Plc. (Class A) (c)

  233,065     6,644,764

Royal Dutch Shell, Plc. (Class B)

  177,215     4,927,119

SABMiller, Plc.

  61,757     1,491,809

Sage Group, Ltd.

  78,702     293,979

Schroders, Plc.

  11,672     204,304

Scottish & Southern Energy, Plc.

  60,565     1,136,441

Segro, Plc. (REIT)

  40,648     239,180

Serco Group, Plc.

  34,317     277,275

Severn Trent, Plc.

  14,349     222,754

Shire, Ltd.

  34,646     602,236

Smith & Nephew, Plc.

  56,488     506,379

Smiths Group, Plc.

  25,680     365,186

Standard Chartered, Plc.

  131,517     3,245,166

Standard Life, Plc.

  141,054     494,677

Tesco, Plc.

  525,424     3,364,558

Tomkins, Plc.

  54,938     165,929

TUI Travel, Plc.

  44,767     182,404

Tullow Oil, Plc.

  55,886     1,010,326

Unilever, Plc.

  84,407     2,412,884

United Utilities G

  48,207     352,257

Vendeta Resources, Plc.

  9,571     292,031

Vodafone Group, Plc.

  3,449,452     7,747,831

Whitbread, Plc.

  14,577     283,495

WM Morrison Supermarkets, Plc.

  149,552     664,791

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

Morgan Stanley EAFE Index Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares   Value
   

United Kingdom—(Continued)

   

Wolseley, Plc. (a)

  18,230   $ 440,377

WPP, Plc.

  82,700     711,381

Xstrata, Plc.

  126,751     1,868,080
       
      134,744,389
       

United States—0.1%

   

Synthes, Inc. (CHF) (a)

  3,629     437,151
       

Total Common Stock
(Identified Cost $654,686,182)

      643,499,951
       
Mutual Funds—1.1%          

United States—1.1%

   

iShares MSCI EAFE Index Fund

  133,000     7,275,100
       

Total Mutual Funds
(Identified Cost $7,038,184)

      7,275,100
       
Preferred Stock—0.4%          

Germany—0.4%

   

Fresenius SE

  4,821     282,143

Henkel KGaA

  10,747     463,064

Porsche Automobil Holding SE

  5,610     440,819

RWE AG

  2,982     245,184

Volkswagen AG

  6,775     788,205
       
      2,219,415
       

Switzerland—0.0%

   

Schindler Holding AG

  3,222     220,998
       

Total Preferred Stock
(Identified Cost $2,217,043)

      2,440,413
       
Rights—0.0%          

Belgium—0.0%

   

Fortis (a) (b)

  137,599     0
       

France—0.0%

   

BNP Paribas (a) (c)

  55,068     119,130
       

Japan—0.0%

   

Dowa Mining Co., Ltd. (a)

  16,000     4,852
       

Singapore—0.0%

   

Genting Singapore, Plc. (a) (c)

  56,200     12,763
       

Sweden—0.0%

   

Swedbank AB (a) (c)

  22,400     44,045
       

Total Rights
(Identified Cost $105,783)

      180,790
       
Warrants—0.0%    
Security Description   Shares   Value  
   

Italy—0.0%

   

Mediobanca S.p.A. (a)

    31,951   $ 2,268   

Unione di Banche Italiane SCPA (a)

    40,784     4,853   
         
      7,121   
         

Mauritius—0.0%

   

Golden Agri-Resources, Ltd. (a)

    28,627     2,641   
         

Total Warrants
(Identified Cost $0)

      9,762   
         
Short Term Investments—19.7%   
Security Description   Shares/Par
Amount
  Value  

United States—19.7%

   

Federal Home Loan Bank
0.010%, 10/28/09

  $ 975,000     974,949   

State Street Navigator Securities Lending Prime Portfolio (e)

    127,988,640     127,988,640   
         

Total Short Term Investments
(Identified Cost $128,963,589)

      128,963,589   
         

Total Investments—119.4%
(Identified Cost $793,010,781) (f)

      782,369,605   

Liabilities in excess of other assets

      (127,391,058
         
Net Assets—100%     $ 654,978,547   
         

 

(a) Non-Income Producing.
(b) Zero Valued Security.
(c) All or a portion of the security was on loan. As of September 30, 2009, the market value of securities loaned was $122,153,086 and the collateral received consisted of cash in the amount of $127,988,640 and non-cash collateral with a value of $229,489. 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) 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, 2009 was $792,995,780 and the composition of unrealized appreciation and depreciation of investment securities was $76,674,987 and $(87,301,162), 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.
(VVPR The VVPR Strip is a coupon which, if presented along with the
Strip)— corresponding coupon of the share, allows the holder to benefit from a reduced withholding tax of 15% (rather than 25%) on the dividends paid by the company. This strip is quoted separately from the ordinary share and is freely negotiable.

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

Morgan Stanley EAFE Index Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

(AUD)— Australian Dollar
(CHF)— Swiss Franc
(HKD)— Hong Kong Dollar
(NOK)— Norwegian Krone
(SEK)— Swedish Krona
(SGD)— Singapore Dollar

 

Ten Largest Industries as of
September 30, 2009

  

Percentage of
Net Assets

Commercial Banks

   14.8%

Oil, Gas & Consumable Fuels

   8.1%

Metals & Mining

   5.3%

Pharmaceuticals

   4.8%

Diversified Telecommunication Services

   4.7%

Insurance

   4.5%

Electric Utilities

   3.8%

Food Products

   3.5%

Automobiles

   3.2%

Chemicals

   2.9%

 

VALUATION INPUTS

 

The Portfolio is subject to the provisions of the Statement of Financial Accounting Standards No. 157, Fair Value Measurements (“FAS 157”). FAS 157 establishes a framework for measuring fair value and expands disclosures about fair value measurements in 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 Portfolio’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 investments as of September 30, 2009:

 

Description    Level 1    Level 2    Level 3    Total

Total Common Stock

   $ —      $ 643,499,951    $ —      $ 643,499,951

Total Mutual Funds

     7,275,100      —        —        7,275,100

Total Preferred Stock

     —        2,440,413      —        2,440,413

Total Rights

     —        180,790      —        180,790

Total Warrants

     —        9,762      —        9,762
Short Term Investments            

United States

     127,988,640      974,949      —        128,963,589

Total Investments

   $ 135,263,740    $ 647,105,865    $ —      $ 782,369,605
                             

 

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-150


Table of Contents

Metropolitan Series Fund, Inc.

 

Neuberger Berman Mid Cap Value Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—97.7% of Net Assets

 

 

Security Description   Shares   Value
   

Aerospace & Defense—2.4%

   

Empresa Brasileira de Aeronautica S.A. (ADR)

  292,500   $ 6,709,950

L-3 Communications Holdings, Inc.

  80,300     6,449,696
       
      13,159,646
       

Auto Components—1.7%

   

Johnson Controls, Inc. (a)

  150,700     3,851,892

WABCO Holdings, Inc.

  270,900     5,688,900
       
      9,540,792
       

Automobiles—1.7%

   

Harley-Davidson, Inc. (a)

  407,400     9,370,200
       

Beverages—1.8%

   

Dr. Pepper Snapple Group, Inc. (b)

  346,100     9,950,375
       

Building Products—2.3%

   

Masco Corp.

  354,900     4,585,308

Owens Corning (a) (b)

  378,500     8,497,325
       
      13,082,633
       

Capital Markets—2.6%

   

Invesco, Ltd.

  427,700     9,734,452

Jefferies Group, Inc.

  168,600     4,590,978
       
      14,325,430
       

Commercial Banks—7.0%

   

Comerica, Inc.

  241,900     7,177,173

Fifth Third Bancorp

  668,900     6,775,957

First Horizon National Corp. (a) (b)

  324,976     4,299,426

KeyCorp.

  738,600     4,800,900

Regions Financial Corp.

  925,500     5,747,355

SunTrust Banks, Inc.

  218,100     4,918,155

Zions Bancorp (a)

  296,000     5,319,120
       
      39,038,086
       

Construction & Engineering—1.6%

   

Chicago Bridge & Iron Co. NV (b)

  488,600     9,127,048
       

Diversified Financial Services—1.4%

   

Moody’s Corp. (a)

  394,400     8,069,424
       

Electric Utilities—4.6%

   

Allegheny Energy, Inc.

  206,400     5,473,728

DPL, Inc. (a)

  285,800     7,459,380

Entergy Corp.

  48,500     3,873,210

NV Energy, Inc.

  511,700     5,930,603

PPL Corp.

  91,700     2,782,178
       
      25,519,099
       

Electronic Equipment, Instruments & Components—2.2%

Anixter International, Inc. (a) (b)

  181,800     7,291,998

Avnet, Inc. (a) (b)

  198,100     5,144,657
       
      12,436,655
       
Security Description   Shares   Value
   

Energy Equipment & Services—3.6%

   

National Oilwell Varco, Inc. (b)

  207,200   $ 8,936,536

Noble Corp.

  213,400     8,100,664

Oceaneering International, Inc. (b)

  54,700     3,104,225
       
      20,141,425
       

Food Products—1.1%

   

ConAgra Foods, Inc.

  143,800     3,117,584

The J. M. Smucker Co.

  61,600     3,265,416
       
      6,383,000
       

Health Care Providers & Services—4.7%

   

Aetna, Inc.

  192,000     5,343,360

AmerisourceBergen Corp.

  220,400     4,932,552

CIGNA Corp.

  147,000     4,129,230

Coventry Health Care, Inc. (b)

  145,750     2,909,170

Mednax, Inc. (b)

  163,500     8,979,420
       
      26,293,732
       

Health Care Technology—0.5%

   

IMS Health, Inc.

  193,200     2,965,620
       

Household Durables—3.3%

   

KB Home (a)

  169,600     2,817,056

NVR, Inc. (a) (b)

  3,900     2,485,743

Whirlpool Corp. (a)

  183,900     12,865,644
       
      18,168,443
       

Household Products—1.6%

   

Energizer Holdings, Inc. (a) (b)

  130,600     8,664,004
       

Independent Power Producers & Energy Traders—1.7%

NRG Energy, Inc. (b)

  327,700     9,237,863
       

Industrial Conglomerates—0.9%

   

McDermott International, Inc. (b)

  193,500     4,889,745
       

Insurance—7.7%

   

Assurant, Inc.

  296,160     9,494,890

Fidelity National Financial, Inc.

  181,800     2,741,544

PartnerRe, Ltd.

  79,900     6,147,506

Principal Financial Group, Inc.

  310,100     8,493,639

StanCorp Financial Group, Inc.

  227,600     9,188,212

W.R. Berkley Corp.

  275,850     6,973,488
       
      43,039,279
       

IT Services—4.1%

   

Affiliated Computer Services, Inc. (Class A) (a) (b)

  107,800     5,839,526

Fidelity National Information Services, Inc. (a)

  270,100     6,890,251

Lender Processing Services, Inc.

  260,399     9,939,430
       
      22,669,207
       

Machinery—6.3%

   

AGCO Corp. (b)

  154,300     4,263,309

Bucyrus International, Inc.

  186,500     6,643,130

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

Neuberger Berman Mid Cap Value Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—(Continued)

 

 

Security Description   Shares   Value
   

Machinery—(Continued)

   

Ingersoll-Rand, Plc.

  259,200   $ 7,949,664

Navistar International Corp. (b)

  82,900     3,102,118

SPX Corp.

  60,600     3,712,962

Terex Corp. (a)

  460,400     9,544,092
       
      35,215,275
       

Marine—0.5%

   

Genco Shipping & Trading, Ltd. (a) (b)

  137,600     2,859,328
       

Media—2.9%

   

Cablevision Systems Corp. (Class A) (b)

  329,146     7,817,217

The McGraw-Hill Cos., Inc.

  328,500     8,258,490
       
      16,075,707
       

Metals & Mining—5.7%

   

Cliffs Natural Resources, Inc.

  183,500     5,938,060

Freeport-McMoRan Copper & Gold, Inc. (b)

  113,200     7,766,652

Sterlite Industries India, Ltd. (ADR) (a) (b)

  234,800     3,749,756

Teck Cominco, Ltd. (Class B) (CAD) (a) (b)

  513,300     14,151,681
       
      31,606,149
       

Multi-Utilities—1.8%

   

CMS Energy Corp. (a)

  493,000     6,606,200

DTE Energy Co.

  98,100     3,447,234
       
      10,053,434
       

Multiline Retail—3.2%

   

J.C. Penney Co., Inc.

  297,700     10,047,375

Macy’s, Inc.

  416,900     7,625,101
       
      17,672,476
       

Oil, Gas & Consumable Fuels—8.3%

   

Apache Corp.

  24,500     2,249,835

Denbury Resources, Inc. (b)

  224,700     3,399,711

Newfield Exploration Co. (b)

  34,300     1,459,808

Noble Energy, Inc.

  125,900     8,304,364

Ship Finance International, Ltd. (a)

  226,426     2,782,776

Southwestern Energy Co. (b)

  173,900     7,422,052

Talisman Energy, Inc.

  511,460     8,868,716

Whiting Petroleum Corp. (b)

  206,910     11,913,878
       
      46,401,140
       

Paper & Forest Products—0.4%

   

Louisiana-Pacific Corp. (b)

  375,400     2,503,918
       

Personal Products—2.6%

   

NBTY, Inc. (b)

  372,415     14,740,186
       

Pharmaceuticals—1.5%

   

Shire, Plc. (ADR)

  163,000     8,523,270
       

Real Estate Investment Trusts—5.5%

   

Alexandria Real Estate Equities, Inc. (a)

  70,400     3,826,240

Annaly Capital Management, Inc.

  270,720     4,910,861
Security Description   Shares   Value  
   

Real Estate Investment Trusts—(Continued)

  

Boston Properties, Inc. (a)

    117,500   $ 7,702,125   

The Macerich Co. (a)

    198,968     6,034,699   

Vornado Realty Trust

    128,686     8,288,665   
         
      30,762,590   
         

Specialty Retail—0.5%

   

GameStop Corp. (Class A) (a) (b)

    105,300     2,787,291   
         

Total Common Stock
(Identified Cost $515,202,884)

      545,272,470   
         
Short Term Investments—13.1%  
Security Description   Shares/Par
Amount
  Value  

Mutual Funds—10.9%

   

State Street Navigator Securities Lending Prime Portfolio (c)

    61,052,101     61,052,101   
         

Repurchase Agreement – 2.2%

   

State Street Repurchase Agreement dated 09/30/09 at 0.010% to be repurchased at $12,038,003 on 10/01/09, collateralized by $12,265,000 Federal Home Loan Mortgage Corp. due 04/01/11 with a value of $12,280,331.

  $ 12,038,000     12,038,000   
         

Total Short Term Investments
(Identified Cost $73,090,101)

      73,090,101   
         

Total Investments—110.8%
(Identified Cost $588,292,985) (d)

      618,362,571   

Liabilities in excess of other assets

      (60,250,160
         
Net Assets—100%     $ 558,112,411   
         

 

(a) All or a portion of the security was on loan. As of September 30, 2009, the market value of securities loaned was $59,361,471 and the collateral received consisted of cash in the amount of $61,052,101 and non-cash collateral with a value of $32,416. 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, 2009 was $588,292,985 and the composition of unrealized appreciation and depreciation of investment securities was $84,891,474 and $(54,821,888), 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-152


Table of Contents

Metropolitan Series Fund, Inc.

 

Neuberger Berman Mid Cap Value Portfolio

 

 

 

VALUATION INPUTS

 

The Portfolio is subject to the provisions of the Statement of Financial Accounting Standards No. 157, Fair Value Measurements (“FAS 157”). FAS 157 establishes a framework for measuring fair value and expands disclosures about fair value measurements in 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 Portfolio’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 investments as of September 30, 2009:

 

Description    Level 1    Level 2    Level 3    Total
Common Stock            

Aerospace & Defense

   $ 13,159,646    $ —      $ —      $ 13,159,646

Auto Components

     9,540,792      —        —        9,540,792

Automobiles

     9,370,200      —        —        9,370,200

Beverages

     9,950,375      —        —        9,950,375

Building Products

     13,082,633      —        —        13,082,633

Capital Markets

     14,325,430      —        —        14,325,430

Commercial Banks

     39,038,086      —        —        39,038,086

Construction & Engineering

     9,127,048      —        —        9,127,048

Diversified Financial Services

     8,069,424      —        —        8,069,424

Electric Utilities

     25,519,099      —        —        25,519,099

Electronic Equipment, Instruments & Components

     12,436,655      —        —        12,436,655

Energy Equipment & Services

     20,141,425      —        —        20,141,425

Food Products

     6,383,000      —        —        6,383,000

Health Care Providers & Services

     26,293,732      —        —        26,293,732

Health Care Technology

     2,965,620      —        —        2,965,620

Household Durables

     18,168,443      —        —        18,168,443

Household Products

     8,664,004      —        —        8,664,004

Independent Power Producers & Energy Traders

     9,237,863      —        —        9,237,863

Industrial Conglomerates

     4,889,745      —        —        4,889,745

Insurance

     43,039,279      —        —        43,039,279

IT Services

     22,669,207      —        —        22,669,207

Machinery

     35,215,275      —        —        35,215,275

Marine

     2,859,328      —        —        2,859,328

Media

     16,075,707      —        —        16,075,707

Metals & Mining

     17,454,468      14,151,681      —        31,606,149

Multi-Utilities

     10,053,434      —        —        10,053,434

Multiline Retail

     17,672,476      —        —        17,672,476

Oil, Gas & Consumable Fuels

     46,401,140      —        —        46,401,140

Paper & Forest Products

     2,503,918      —        —        2,503,918

Personal Products

     14,740,186      —        —        14,740,186

Pharmaceuticals

     8,523,270      —        —        8,523,270

Real Estate Investment Trusts

     30,762,590      —        —        30,762,590

Specialty Retail

     2,787,291      —        —        2,787,291

Total Common Stock

     531,120,789      14,151,681      —        545,272,470
Short Term Investments            

Mutual Funds

     61,052,101      —        —        61,052,101

Repurchase Agreement

     —        12,038,000      —        12,038,000

Total Short Term Investments

     61,052,101      12,038,000      —        73,090,101

Total Investments

   $ 592,172,890    $ 26,189,681    $ —      $ 618,362,571
                             

 

MSF-153


Table of Contents

Metropolitan Series Fund, Inc.

 

Oppenheimer Global Equity Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—97.9% of Net Assets

 

 

Security Description   Shares   Value
   

Australia—0.1%

   

Aristocrat Leisure, Ltd. (a)

  118,867   $ 547,473
       

Brazil—2.0%

   

Companhia de Bebidas das Americas (ADR) (a)

  94,550     7,777,683

Empresa Brasileira de Aeronautica S.A. (ADR) (a)

  229,710     5,269,547
       
      13,047,230
       

Canada—0.7%

   

Husky Energy, Inc. (b)

  178,000     5,003,889
       

Cayman Islands—1.0%

   

XL Capital, Ltd. (Class A) (USD)

  388,310     6,779,893
       

Finland—0.9%

   

Fortum Oyj

  239,480     6,145,933
       

France—6.8%

   

LVMH Moet Hennessy Louis Vuitton S.A.

  140,471     14,141,778

NicOx S.A. (b)

  49,495     644,400

Sanofi-Aventis S.A.

  90,312     6,628,074

Société Générale

  66,941     5,392,303

Technip S.A. (a)

  141,160     9,032,755

Total S.A. (a)

  158,878     9,455,026
       
      45,294,336
       

Germany—7.1%

   

Allianz SE

  77,265     9,650,862

Bayer AG

  37,432     2,591,643

Bayerische Motoren Werke AG (a)

  99,081     4,781,206

Linde AG

  15,423     1,673,725

SAP AG (a)

  244,826     11,925,472

Siemens AG

  180,058     16,684,869
       
      47,307,777
       

India—2.6%

   

Dish TV India, Ltd. (b)

  343,314     319,946

HDFC Bank, Ltd.

  35,400     1,214,349

Infosys Technologies, Ltd.

  270,026     12,926,181

Zee Telefilms, Ltd.

  540,560     2,668,718
       
      17,129,194
       

Italy—1.5%

   

Bulgari S.p.A. (a)

  471,300     3,646,918

Lottomatica S.p.A.

  18,400     412,303

Prysmian S.p.A.

  23,300     437,803

Tod’s S.p.A.

  79,700     5,448,002
       
      9,945,026
       

Japan—9.5%

   

Fanuc, Ltd. (a)

  31,700     2,840,447

Hoya Corp.

  258,800     6,087,866

KDDI Corp.

  1,426     8,044,577

Keyence Corp.

  24,100     5,139,195

Kyocera Corp. (a)

  40,500     3,734,433

Murata Manufacturing Co., Ltd. (a)

  145,500     6,878,551
Security Description   Shares   Value
   

Japan—(Continued)

   

Nidec Corp. (a)

  41,900   $ 3,407,244

Nintendo Co., Ltd.

  15,400     3,949,181

Secom Co., Ltd.

  100,100     5,031,470

Seven & I Holdings Co., Ltd.

  104,191     2,490,762

Sony Corp.

  341,828     10,027,255

Sumitomo Mitsui Financial Group, Inc. (a)

  166,300     5,773,623
       
      63,404,604
       

Mexico—2.8%

   

Fomento Economico Mexicano S.A. de C.V. (a)

  2,013,060     7,673,564

Grupo Modelo S.A. de C.V.

  987,710     3,706,431

Grupo Televisa S.A. (ADR)

  406,170     7,550,700
       
      18,930,695
       

Netherlands—3.2%

   

European Aeronautic Defense & Space Co. NV (a)

  359,497     8,075,289

Koninklijke Philips Electronics NV

  294,548     7,177,372

TNT NV

  235,065     6,317,373
       
      21,570,034
       

Norway—0.6%

   

Tandberg ASA (a)

  166,970     4,002,056
       

Panama—1.6%

   

Carnival Corp. (b)

  310,870     10,345,754
       

Spain—1.2%

   

Inditex S.A.

  141,390     8,117,562
       

Sweden—6.7%

   

Assa Abloy AB (Series B) (a)

  624,700     10,130,148

Investor AB

  401,725     7,336,922

Telefonaktiebolaget LM Ericsson (Class B) (a)

  2,720,096     27,263,569
       
      44,730,639
       

Switzerland—7.8%

   

Basilea Pharmaceutica (a) (b)

  7,538     758,947

Credit Suisse Group AG

  281,541     15,650,256

Nestle S.A.

  96,410     4,107,477

Roche Holding AG

  98,697     15,956,000

Transocean, Ltd. (USD) (b)

  96,858     8,284,265

UBS AG

  385,108     7,049,213
       
      51,806,158
       

Taiwan—2.0%

   

MediaTek, Inc.

  398,257     6,643,321

Taiwan Semiconductor Manufacturing Co., Ltd.

  3,311,498     6,648,096
       
      13,291,417
       

Turkey—0.6%

   

Turkcell Iletisim Hizmet AS (ADR) (b)

  210,585     3,763,154
       

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

Oppenheimer Global Equity Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—(Continued)

 

 

Security Description   Shares   Value
   

United Kingdom—9.1%

   

3i Group, Plc. (b)

  643,709   $ 2,975,662

Burberry Group, Plc.

  294,253     2,372,804

Cadbury, Plc.

  537,718     6,909,463

Diageo, Plc.

  246,752     3,795,330

HSBC Holdings, Plc. (HKD)

  966,814     11,111,015

Prudential, Plc.

  733,052     7,063,400

Reckitt Benckiser Group, Plc.

  132,938     6,505,202

RT Group, Plc. (c) (d) (e)

  282,264     0

Tesco, Plc.

  1,190,559     7,627,806

Unilever, Plc.

  210,907     6,032,255

Vodafone Group, Plc.

  2,791,111     6,272,458
       
      60,665,395
       

United States—30.1%

   

3M Co.

  125,370     9,252,306

Adobe Systems, Inc. (b)

  246,370     8,140,065

Aetna, Inc.

  259,500     7,221,885

Aflac, Inc.

  176,100     7,526,514

Altera Corp.

  335,530     6,881,720

Automatic Data Processing, Inc.

  218,310     8,579,583

Boeing Co.

  57,460     3,111,459

Colgate-Palmolive Co. (a)

  112,600     8,589,128

Corning, Inc.

  431,010     6,598,763

eBay, Inc. (b)

  567,530     13,399,383

Emerson Electric Co.

  121,600     4,873,728

InterMune, Inc. (a) (b)

  84,700     1,349,271

International Game Technology (a)

  49,470     1,062,616

Intuit, Inc. (a) (b)

  387,520     11,044,320

Juniper Networks, Inc. (a) (b)

  552,400     14,925,848

Linear Technology Corp. (a)

  95,210     2,630,652

Lockheed Martin Corp.

  46,380     3,621,350

Maxim Integrated Products, Inc.

  340,790     6,181,931

McDonald’s Corp.

  163,200     9,313,824

Microsoft Corp.

  486,560     12,597,038

Raytheon Co.

  112,550     5,399,024

Regeneron Pharmaceuticals, Inc. (a) (b)

  51,890     1,001,477

Schering-Plough Corp.

  20,200     570,650

Seattle Genetics, Inc. (a) (b)

  190,826     2,677,289

Shuffle Master, Inc. (a) (b)

  156,100     1,470,462

SIRIUS XM Radio, Inc. (a) (b)

  3,404,860     2,162,086

SLM Corp. (b)

  728,400     6,351,648

The Walt Disney Co.

  341,860     9,387,476

Theravance, Inc. (a) (b)

  144,980     2,122,507

Tiffany & Co. (a)

  230,800     8,892,724

Wal-Mart Stores, Inc.

  177,610     8,718,875

WellPoint, Inc. (b)

  101,800     4,821,248
       
      200,476,850
       

Total Common Stock
(Identified Cost $714,909,221)

      652,305,069
       
Preferred Stock—0.7%    
Security Description   Shares   Value  
   

Germany—0.7%

   

Bayerische Motoren Werke AG

    134,383   $ 4,463,997   
         

Total Preferred Stock
(Identified Cost $4,115,801)

      4,463,997   
         
Fixed Income - Convertible—0.1%   
Security Description   Par
Amount
  Value  

United States—0.1%

   

Theravance, Inc.
3.000%, 01/15/15

  $ 699,000     591,529   
         

Total Fixed Income - Convertible
(Identified Cost $699,000)

      591,529   
         
Rights—0.0%    
Security Description   Shares   Value  

India—0.0%

   

Wire & Wireless India, Ltd. (b)

    547,757     35,461   
         

Total Rights
(Identified Cost $0)

      35,461   
         
Short Term Investments—17.9%  
Security Description   Shares/Par
Amount
  Value  

United States—17.9%

   

State Street Navigator Securities Lending Prime Portfolio (f)

    112,811,542     112,811,542   

State Street Repurchase Agreement dated 09/30/09 at 0.010% to be repurchased at $6,793,002 on 10/01/09, collateralized by $6,925,000 Federal Home Loan Mortgage Corp. due 04/01/11 with a value of $6,933,656.

  $ 6,793,000     6,793,000   
         

Total Short Term Investments
(Identified Cost $119,604,542)

      119,604,542   
         

Total Investments—116.6%
(Identified Cost $839,328,564) (g)

      777,000,598   

Liabilities in excess of other assets

      (110,831,856
         
Net Assets—100%     $ 666,168,742   
         

 

(a) All or a portion of the security was on loan. As of September 30, 2009, the market value of securities loaned was $107,955,334 and the collateral received consisted of cash in the amount of $112,811,542. The cash collateral is invested in a money market fund managed by an affiliate of the custodian.
(b) Non-Income Producing.

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

Oppenheimer Global Equity Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

 

 

(c) Security was valued in good faith under procedures established by the Board of Directors.
(d) Non-Income Producing; issuer filed under Chapter 11 of the Federal Bankruptcy Code.
(e) Zero Valued Security.
(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, 2009 was $839,332,476 and the composition of unrealized appreciation and depreciation of investment securities was $41,103,608 and $(103,435,486), 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.
(HKD)— Hong Kong Dollar
(USD)— United States Dollar

 

Ten Largest Industries as of
September 30, 2009

  

Percentage of
Net Assets

Software

   7.2%

Communications Equipment

   6.9%

Semiconductors & Semiconductor Equipment

   6.4%

Insurance

   4.7%

Industrial Conglomerates

   3.9%

Capital Markets

   3.9%

Textiles, Apparel & Luxury Goods

   3.8%

Aerospace & Defense

   3.8%

Electronic Equipment, Instruments & Components

   3.7%

Commercial Banks

   3.5%

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

Oppenheimer Global Equity Portfolio

 

 

 

VALUATION INPUTS

 

The Portfolio is subject to the provisions of the Statement of Financial Accounting Standards No. 157, Fair Value Measurements (“FAS 157”). FAS 157 establishes a framework for measuring fair value and expands disclosures about fair value measurements in 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 Portfolio’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 investments as of June 30, 2009:

 

Description    Level 1    Level 2    Level 3    Total
Common Stock            

Australia

   $ —      $ 547,473    $ —      $ 547,473

Brazil

     13,047,230      —        —        13,047,230

Canada

     —        5,003,889      —        5,003,889

Cayman Islands

     6,779,893      —        —        6,779,893

Finland

     —        6,145,933      —        6,145,933

France

     —        45,294,336      —        45,294,336

Germany

     —        47,307,777      —        47,307,777

India

     —        17,129,194      —        17,129,194

Italy

     —        9,945,026      —        9,945,026

Japan

     —        63,404,604      —        63,404,604

Mexico

     7,550,700      11,379,995      —        18,930,695

Netherlands

     —        21,570,034      —        21,570,034

Norway

     —        4,002,056      —        4,002,056

Panama

     10,345,754      —        —        10,345,754

Spain

     —        8,117,562      —        8,117,562

Sweden

     —        44,730,639      —        44,730,639

Switzerland

     8,284,265      43,521,893      —        51,806,158

Taiwan

     —        13,291,417      —        13,291,417

Turkey

     3,763,154      —        —        3,763,154

United Kingdom

     —        60,665,395      —        60,665,395

United States

     200,476,850      —        —        200,476,850

Total Common Stock

     250,247,846      402,057,223      —        652,305,069
Preferred Stock            

Germany

     —        4,463,997      —        4,463,997
Rights            

India

     —        35,461      —        35,461
Fixed Income - Convertible            

United States

     —        591,529      —        591,529
Short Term Investments            

United States

     112,811,542      6,793,000      —        119,604,542

Total Investments

   $ 363,059,388    $ 413,941,210    $ —      $ 777,000,598
                             

 

MSF-157


Table of Contents

Metropolitan Series Fund, Inc.

 

Russell 2000 Index Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—98.3% of Net Assets

 

 

Security Description   Shares   Value
   

Aerospace & Defense—1.7%

   

AAR Corp. (a)

  21,887   $ 480,201

AeroVironment, Inc. (a)

  7,419     208,400

American Science & Engineering, Inc.

  5,081     345,711

Applied Signal Technology, Inc.

  6,551     152,442

Argon, Inc. (a)

  7,884     150,190

Ascent Solar Technologies, Inc. (a) (b)

  9,885     74,533

Astronics Corp. (b)

  5,700     53,580

Ceradyne, Inc. (a)

  14,365     263,310

Cubic Corp.

  8,851     349,349

Curtiss-Wright Corp.

  25,826     881,441

DigitalGlobe, Inc. (a)

  8,739     195,491

Ducommun, Inc.

  7,298     138,005

DynCorp International, Inc. (a)

  15,363     276,534

Esterline Technologies Corp. (a)

  16,523     647,867

GenCorp, Inc. (a)

  19,374     103,845

HEICO Corp. (Class B) (b)

  13,236     573,913

Herley Industries, Inc. (a)

  9,374     122,331

Hexcel Corp. (a)

  53,901     616,627

Ladish, Inc. (a)

  11,078     167,610

Moog, Inc. (a)

  23,841     703,310

Orbital Sciences Corp. (a)

  32,822     491,345

Stanley, Inc. (a) (b)

  5,973     153,626

Taser International, Inc. (a)

  34,479     162,741

Teledyne Technologies, Inc. (a)

  20,590     741,034

Todd Shipyards Corp.

  3,559     58,510

Triumph Group, Inc. (b)

  9,302     446,403
       
      8,558,349
       

Air Freight & Logistics—0.3%

   

Air Transport Services Group, Inc. (a) (b)

  34,090     117,951

Atlas Air Worldwide Holdings, Inc. (a)

  9,949     318,070

Dynamex, Inc. (a)

  6,006     98,078

Forward Air Corp. (b)

  16,406     379,799

HUB Group, Inc. (Class A) (a)

  20,780     474,823
       
      1,388,721
       

Airlines—0.8%

   

Airtran Holdings, Inc. (a) (b)

  65,775     411,094

Alaska Air Group, Inc. (a)

  20,343     544,989

Allegiant Travel Co. (a) (b)

  8,855     337,287

Hawaiian Holdings, Inc. (a)

  26,730     220,790

JetBlue Airways Corp. (a) (b)

  144,973     866,938

Republic Airways Holdings, Inc. (a)

  23,593     220,123

Skywest, Inc.

  32,899     545,465

UAL Corp. (a) (b)

  77,338     713,056

US Airways Group, Inc. (a) (b)

  77,151     362,610
       
      4,222,352
       

Auto Components—0.7%

   

American Axle & Manufacturing Holdings, Inc.

  26,044     184,392

Amerigon, Inc. (a) (b)

  13,640     100,254

ArvinMeritor, Inc. (b)

  43,375     339,193

Cooper Tire & Rubber Co.

  36,658     644,448

Dana Holding Corp. (a)

  61,145     416,397

Dorman Products, Inc.

  7,851     117,922

Drew Industries, Inc. (a)

  11,444     248,220
Security Description   Shares   Value
   

Auto Components—(Continued)

   

Exide Technologies (a)

  30,097   $ 239,873

Fuel System Solutions, Inc. (b)

  7,974     286,984

Modine Manufacturing Co. (a)

  20,814     192,946

Raser Technologies, Inc. (a) (b)

  30,438     46,570

Spartan Motors, Inc. (b)

  19,530     100,384

Standard Motor Products, Inc.

  9,638     146,498

Superior Industries International, Inc.

  13,180     187,156

Tenneco, Inc. (a)

  27,377     356,996

Wonder Auto Technology, Inc. (a)

  9,356     112,272
       
      3,720,505
       

Automobiles—0.1%

   

Winnebago Industries (a) (b)

  20,312     298,790
       

Beverages—0.1%

   

Coca-Cola Bottling Co. Consolidated

  2,746     132,989

Heckmann Corp. (a)

  45,427     208,056

National Beverage Corp.

  7,440     85,634

The Boston Beer Co., Inc. (a) (b)

  4,936     183,027
       
      609,706
       

Biotechnology—3.6%

   

Acorda Therapeutics, Inc. (a)

  21,821     507,993

Affymax, Inc. (a) (b)

  7,931     189,472

Alkermes, Inc. (a)

  53,621     492,777

Allos Therapeutics, Inc. (a) (b)

  36,255     262,849

Alnylam Pharmaceuticals, Inc. (a) (b)

  19,999     453,577

Amicus Therapeutics, Inc. (a) (b)

  9,301     81,384

Arena Pharmaceuticals, Inc. (a) (b)

  46,755     208,995

Ariad Pharmaceuticals, Inc. (a) (b)

  51,682     114,734

Arqule, Inc. (a) (b)

  24,595     111,661

Array Biopharma, Inc. (a)

  29,351     69,855

AVI BioPharma, Inc. (a) (b)

  47,862     82,323

Celera Corp. (a)

  44,957     280,082

Cell Therapeutics, Inc. (a) (b)

  266,500     327,795

Celldex Therapeutics, Inc. (a) (b)

  8,906     48,894

Cepheid (a) (b)

  31,839     420,912

Chelsea Therapeutics International, Inc. (a)

  14,827     37,216

Cubist Pharmaceuticals, Inc. (a)

  33,081     668,236

Curis, Inc. (a) (b)

  40,668     95,163

Cytokinetics, Inc. (a)

  27,231     144,052

Cytori Therapeutics, Inc. (a) (b)

  17,135     67,683

Dyax Corp. (a)

  36,482     130,970

Emergent Biosolutions, Inc. (a) (b)

  9,176     162,048

Enzon Pharmaceuticals, Inc. (a) (b)

  27,534     227,155

Facet Biotech Corp. (a)

  16,272     281,343

Genomic Health, Inc. (a) (b)

  7,360     160,890

Geron Corp. (a) (b)

  51,547     338,148

GTx, Inc. (a) (b)

  12,605     161,344

Halozyme Therapeutics, Inc. (a) (b)

  36,602     260,240

Hemispherx Biopharma, Inc. (a) (b)

  65,968     131,936

Human Genome Sciences, Inc. (a)

  94,635     1,781,031

Idenix Pharmaceuticals, Inc. (a) (b)

  17,725     54,770

Idera Pharmaceuticals, Inc. (a) (b)

  14,570     107,964

Immunogen, Inc. (a)

  28,014     227,193

Immunomedics, Inc. (a) (b)

  39,907     220,287

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

Russell 2000 Index Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares   Value
   

Biotechnology—(Continued)

   

Incyte Corp., Ltd. (a) (b)

  42,417   $ 286,315

Infinity Pharmaceuticals, Inc. (a)

  11,380     70,897

Insmed, Inc. (a)

  73,658     60,400

InterMune, Inc. (a) (b)

  20,699     329,735

Isis Pharmaceuticals, Inc. (a) (b)

  53,285     776,362

Lexicon Pharmaceuticals, Inc. (a) (b)

  50,712     108,017

Ligand Pharmaceuticals, Inc. (a)

  66,415     153,419

MannKind Corp. (a) (b)

  30,644     301,843

Martek Biosciences Corp. (a)

  18,510     418,141

Maxygen, Inc. (a)

  17,352     116,085

Metabolix, Inc. (a) (b)

  12,459     128,078

Micromet, Inc. (a) (b)

  33,943     226,060

Molecular Insight Pharmaceuticals, Inc. (a) (b)

  10,809     59,774

Momenta Pharmaceuticals, Inc. (a) (b)

  20,615     218,725

Myriad Pharmaceuticals, Inc. (a)

  24,898     145,902

Nabi Biopharmaceuticals (a)

  31,666     113,681

Neurocrine Biosciences, Inc. (a)

  21,044     64,184

Novavax, Inc. (a) (b)

  37,702     149,300

NPS Pharmaceuticals, Inc. (a)

  28,355     113,987

OncoGenex Pharmaceutical, Inc. (a)

  2,560     92,160

Onyx Pharmaceuticals, Inc. (a)

  35,271     1,057,072

Orexigen Therapeutics, Inc. (a) (b)

  12,587     123,982

Osiris Therapeutics, Inc. (a) (b)

  11,221     74,732

PDL BioPharma, Inc. (a)

  66,828     526,605

Pharmasset, Inc. (a) (b)

  11,069     233,999

Poniard Pharmaceuticals, Inc. (a)

  14,423     107,884

Progenics Pharmaceuticals, Inc. (a) (b)

  12,976     67,994

Protalix BioTherapeutics, Inc. (a)

  21,317     176,078

Regeneron Pharmaceuticals, Inc. (a)

  34,749     670,656

Repligen Corp. (a)

  18,735     93,862

Rigel Pharmaceuticals, Inc. (a)

  24,433     200,351

Sangamo Biosciences, Inc. (a) (b)

  24,849     204,010

Savient Pharmaceuticals, Inc. (a)

  35,468     539,114

Seattle Genetics, Inc. (a) (b)

  47,894     671,953

SIGA Technologies, Inc. (a) (b)

  15,576     122,895

Spectrum Pharmaceuticals, Inc. (a) (b)

  19,664     132,339

Stemcells, Inc. (a) (b)

  62,628     102,084

Theravance, Inc. (a) (b)

  29,033     425,043

Vanda Pharmaceuticals, Inc. (a)

  15,676     182,469

Zymogenetics, Inc. (a) (b)

  22,664     136,890
       
      18,694,049
       

Building Products—0.6%

   

AAON, Inc.

  7,694     154,496

American Woodmark Corp. (b)

  6,163     119,193

Ameron International Corp.

  5,201     363,966

Apogee Enterprises, Inc.

  17,370     260,898

Gibraltar Industries, Inc.

  18,286     242,655

Griffon Corp. (a)

  30,404     306,168

Insteel Industries, Inc.

  12,134     145,001

Quanex Building Products Corp. (a)

  22,520     323,387

Simpson Manufacturing Co., Inc. (b)

  20,915     528,313

Trex Co., Inc. (a) (b)

  12,252     222,986

Universal Forest Products, Inc. (b)

  11,105     438,203
       
      3,105,266
       
Security Description   Shares   Value
   

Capital Markets—2.5%

   

Allied Capital Corp. (a)

  104,281   $ 320,143

American Capital, Ltd. (b)

  161,401     521,325

Apollo Investment Corp.

  91,619     874,961

Ares Capital Corp.

  54,846     604,403

BGC Partners, Inc.

  28,307     121,154

Broadpoint Gleacher Securities, Inc. (b)

  21,740     181,312

Calamos Asset Management, Inc.

  11,175     145,946

Capital Southwest Corp.

  2,039     156,493

Cohen & Steers, Inc. (b)

  10,675     256,200

Diamond Hill Investment Group, Inc. (a)

  1,546     89,622

E*Trade Financial Corp. (a)

  799,384     1,398,922

Evercore Partners, Inc.

  6,900     201,618

FCStone Group, Inc. (a)

  17,471     84,210

Fifth Street Finance Corp.

  11,956     130,679

GAMCO Investors, Inc.

  4,186     191,300

GFI Group, Inc.

  37,777     273,128

Gladstone Capital Corp.

  14,623     130,583

Gladstone Investment Corp.

  14,338     69,539

Harris & Harris Group, Inc. (a) (b)

  16,079     100,494

Hercules Technology Growth Capital, Inc.

  20,027     196,665

JMP Group, Inc.

  9,323     90,060

Kayne Anderson Energy Development Co.

  6,111     80,849

KBW, Inc. (a)

  20,051     646,043

Knight Capital Group, Inc. (a)

  52,382     1,139,309

Kohlberg Capital Corp. (b)

  11,639     70,183

LaBranche & Co., Inc. (a)

  33,273     113,128

Main Street Capital Corp.

  4,582     65,202

MCG Capital Corp. (a)

  45,678     191,391

MF Global, Ltd. (a)

  56,261     409,017

MVC Capital, Inc.

  15,052     132,157

NGP Capital Resources Co.

  13,570     98,518

Oppenheimer Holdings, Inc.

  5,749     139,988

optionsXpress Holdings, Inc.

  23,378     403,972

PennantPark Investment Corp.

  12,852     104,230

Penson Worldwide, Inc. (a)

  11,822     115,146

Piper Jaffray Cos. (a)

  11,057     527,640

Prospect Capital Corp. (b)

  25,145     269,303

RiskMetrics Group, Inc. (a) (b)

  11,900     173,978

Safeguard Scientifics, Inc. (a)

  11,857     130,071

Sanders Morris Harris Group, Inc.

  12,270     72,516

Stifel Financial Corp. (a)

  15,707     862,314

SWS Group, Inc.

  13,234     190,570

Thomas Weisel Partners Group, Inc. (a)

  12,053     64,363

TICC Capital Corp. (b)

  16,741     84,375

TradeStation Group, Inc. (a)

  19,835     161,655

U.S. Global Investors, Inc. (b)

  8,186     100,933

Westwood Holdings Group, Inc. (b)

  3,352     116,314
       
      12,601,922
       

Chemicals—2.1%

   

A. Schulman, Inc.

  13,296     264,989

American Vanguard Corp. (b)

  13,990     116,257

Arch Chemicals, Inc.

  14,075     422,109

Balchem Corp.

  10,198     268,207

Calgon Carbon Corp. (a) (b)

  30,355     450,165

Ferro Corp. (a) (b)

  28,268     251,585

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

Russell 2000 Index Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares   Value
   

Chemicals—(Continued)

   

GenTek, Inc. (a) (b)

  5,631   $ 214,203

H.B. Fuller Co.

  27,235     569,211

Hawkins, Inc. (b)

  5,274     123,201

Innophos Holdings, Inc.

  10,273     190,051

Innospec, Inc.

  14,121     208,285

Koppers Holdings, Inc.

  11,847     351,264

Landec Corp. (a)

  16,296     104,294

LSB Industries, Inc. (a)

  11,999     186,824

Minerals Technologies, Inc.

  10,657     506,847

NewMarket Corp.

  5,824     541,865

Olin Corp. (b)

  44,903     783,108

OM Group, Inc. (a)

  17,169     521,766

Omnova Solutions, Inc.

  27,556     178,563

PolyOne Corp. (a)

  51,999     346,833

Quaker Chemical Corp.

  7,230     158,554

Rockwood Holdings, Inc. (a)

  28,481     585,854

Sensient Technologies Corp.

  26,910     747,291

ShengdaTech, Inc. (a) (b)

  17,867     113,634

Solutia, Inc. (a)

  64,962     752,260

Spartech Corp.

  18,201     196,025

Stepan Co.

  4,458     267,837

W.R. Grace & Co. (a) (b)

  40,791     886,796

Westlake Chemical Corp. (b)

  10,662     274,013

Zep, Inc.

  14,264     231,790

Zoltek Cos., Inc. (a) (b)

  18,207     191,174
       
      11,004,855
       

Commercial Banks—5.6%

   

1st Source Corp.

  8,143     132,731

Alliance Financial Corp.

  2,584     69,897

American National Bankshares, Inc. (b)

  3,852     84,051

Ames National Corp. (b)

  4,449     107,265

Arrow Financial Corp. (b)

  5,074     138,463

Bancfirst Corp.

  4,227     156,103

Banco Latinoamericano de Exportaciones S.A.

  17,785     252,903

Bank of Marin Bancorp

  3,199     100,225

Bank of the Ozarks, Inc. (b)

  7,390     196,057

Boston Private Financial Holdings, Inc. (b)

  40,232     261,910

Bridge Bancorp, Inc.

  3,797     92,381

Bryn Mawr Bank Corp.

  4,797     83,804

Camden National Corp.

  3,953     130,607

Cape Bancorp, Inc. (a)

  7,512     57,692

Capital City Bank Group, Inc. (b)

  7,854     111,527

Cardinal Financial Corp.

  17,067     140,461

Cathay General Bancorp (b)

  27,900     225,711

Center Bancorp, Inc.

  7,980     60,089

Central Pacific Financial Corp. (b)

  18,112     45,642

Chemical Financial Corp. (b)

  13,462     293,337

Citizens & Northern Corp. (b)

  6,716     99,330

Citizens Holding Co.

  2,497     66,071

Citizens Republic Bancorp, Inc. (a)

  57,123     43,413

City Holdings Co. (b)

  8,871     264,445

CNB Financial Corp. (b)

  5,439     93,388

CoBiz Financial, Inc.

  12,936     64,421

Columbia Banking System, Inc.

  15,970     264,304

Community Bank System, Inc. (b)

  18,418     336,497
Security Description   Shares   Value
   

Commercial Banks—(Continued)

   

Community Trust Bancorp, Inc.

  8,496   $ 222,340

CVB Financial Corp.

  37,585     285,270

East West Bancorp, Inc.

  52,100     432,430

Enterprise Financial Services Corp. (b)

  8,030     74,278

Farmers Capital Bank Corp.

  4,290     76,705

Financial Institutions, Inc.

  8,161     81,365

First Bancorp (b)

  10,486     189,272

First Bancorp (Puerto Rico)

  47,317     144,317

First Bancorp, Inc.

  5,982     111,265

First Busey Corp. (b)

  16,930     79,571

First Commonwealth Financial Corp. (b)

  47,729     271,101

First Community Bancshares, Inc.

  6,026     76,048

First Financial Bancorp

  29,205     351,920

First Financial Bankshares, Inc. (b)

  11,621     574,775

First Financial Corp. (b)

  6,926     212,213

First Merchants Corp.

  11,118     77,492

First Midwest Bancorp, Inc. (b)

  27,322     307,919

First of Long Island Corp.

  3,358     89,289

FirstMerit Corp.

  47,300     900,113

FNB Corp. (b)

  61,268     435,616

German American Bancorp, Inc.

  6,759     104,832

Glacier Bancorp, Inc. (b)

  33,965     507,437

Great Southern Bancorp, Inc. (b)

  6,069     143,896

Guaranty Bancorp (a)

  33,700     49,876

Hampton Roads Bankshares, Inc. (b)

  11,422     32,895

Hancock Holding Co. (b)

  14,397     540,895

Harleysville National Corp. (b)

  23,262     123,986

Heartland Financial USA, Inc. (b)

  7,703     113,619

Home Bancorp, Inc. (a) (b)

  5,670     69,004

Home Bancshares, Inc. (b)

  8,887     194,803

Iberiabank Corp.

  11,486     523,302

Independent Bank Corp. (b)

  11,835     261,909

International Bancshares Corp.

  28,704     468,162

Investors Bancorp, Inc. (a)

  27,454     291,287

Lakeland Bancorp, Inc. (b)

  12,623     94,673

Lakeland Financial Corp.

  7,109     146,801

MainSource Financial Group, Inc.

  12,856     87,421

MB Financial, Inc.

  26,896     564,009

Merchants Bancshares, Inc.

  3,052     65,191

Metro Bancorp, Inc. (a) (b)

  3,609     43,922

Nara Bancorp, Inc. (b)

  14,528     100,970

National Bankshares, Inc.

  4,218     107,348

National Penn Bancshares, Inc.

  44,681     273,001

NBT Bancorp, Inc.

  19,197     432,700

Northfield Bancorp, Inc. (a) (b)

  14,322     183,322

Northrim Bancorp, Inc. (b)

  4,105     62,601

Ohio Valley Banc Corp. (b)

  2,502     66,303

Old National Bancorp

  47,419     531,093

Oriental Financial Group, Inc.

  14,047     178,397

Orrstown Financial Services, Inc.

  3,094     119,552

Pacific Capital Bancorp (b)

  23,856     34,353

Pacific Continental Corp. (b)

  7,392     77,838

PacWest Bancorp (b)

  15,528     295,808

Park National Corp. (b)

  6,207     362,116

Peapack Gladstone Financial Corp.

  6,344     101,885

Penns Woods Bancorp, Inc. (b)

  2,416     77,336

People’s Bancorp, Inc. (b)

  5,816     75,899

 

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-160


Table of Contents

Metropolitan Series Fund, Inc.

 

Russell 2000 Index Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares   Value
   

Commercial Banks—(Continued)

   

Pinnacle Financial Partners, Inc. (a) (b)

  13,209   $ 167,886

PrivateBancorp, Inc.

  20,160     493,114

Prosperity Bancshares, Inc. (b)

  26,427     919,395

Republic Bancorp, Inc. (Class A)

  6,675     133,233

S&T Bancorp, Inc. (b)

  13,465     174,506

S.Y. Bancorp, Inc. (b)

  7,089     163,685

Sandy Spring Bancorp, Inc. (b)

  11,016     179,340

SCBT Financial Corp.

  7,106     199,679

Shore Bancshares, Inc.

  6,207     103,843

Sierra Bancorp (b)

  5,140     61,731

Signature Bank (a)

  22,622     656,038

Simmons First National Corp. (b)

  8,478     244,251

Smithtown Bancorp, Inc.

  7,342     84,727

Southside Bancshares, Inc.

  7,078     159,397

Southwest Bancorp, Inc.

  10,385     145,805

State Bancorp, Inc. (b)

  10,603     89,595

StellarOne Corp. (b)

  15,621     230,410

Sterling Bancorp

  13,033     94,098

Sterling Bancshares, Inc.

  47,903     350,171

Sterling Financial Corp. (b)

  32,237     64,474

Suffolk Bancorp (b)

  6,431     190,422

Susquehanna Bancshares, Inc. (b)

  48,338     284,711

SVB Financial Group (a) (b)

  18,983     821,394

Texas Capital Bancshares, Inc. (a)

  20,709     348,740

The South Financial Group, Inc. (b)

  54,075     79,490

Tompkins Financial Corp. (b)

  4,838     211,421

Tower Bancorp, Inc.

  2,214     58,162

TowneBank (b)

  11,846     151,037

TriCo Bancshares

  9,316     152,782

Trustmark Corp.

  32,948     627,659

UCBH Holdings, Inc. (b)

  73,870     59,096

UMB Financial Corp.

  18,475     747,129

Umpqua Holdings Corp.

  48,821     517,503

Union Bankshares Corp. (b)

  9,069     112,909

United Bankshares, Inc. (b)

  21,190     415,112

United Community Banks, Inc. (b)

  25,912     129,559

United Security Bancshares

  3,778     83,834

Univest Corp. of Pennsylvania

  7,788     168,766

Washington Banking Co.

  6,178     57,208

Washington Trust Bancorp, Inc. (b)

  9,162     160,518

Webster Finanical Corp.

  39,567     493,401

WesBanco, Inc.

  14,990     231,745

Westamerica Bancorp (b)

  16,720     869,440

Western Alliance BanCorp (a)

  27,163     171,399

Wilshire Bancorp, Inc. (b)

  12,160     89,254

Wintrust Financial Corp. (b)

  13,429     375,475
       
      28,798,010
       

Commercial Services & Supplies—2.5%

   

ABM Industries, Inc. (b)

  26,634     560,379

ACCO Brands Corp. (a)

  32,573     235,177

American Ecology Corp.

  10,910     204,017

American Reprographics Co. (a)

  21,042     200,320

APAC Customer Service, Inc. (a) (b)

  16,478     97,385

ATC Technology Corp. (a)

  10,188     201,315

Bowne & Co., Inc.

  16,773     129,152
Security Description   Shares   Value
   

Commercial Services & Supplies—(Continued)

 

Cenveo, Inc. (a) (b)

  29,691   $ 205,462

Clean Harbors, Inc. (a)

  11,646     655,204

Comfort Systems USA, Inc.

  24,012     278,299

Consolidated Graphics, Inc. (a)

  5,130     127,994

Cornell Companies, Inc. (a)

  7,626     171,127

Courier Corp.

  6,154     93,233

Deluxe Corp.

  28,857     493,455

EnergySolutions, Inc.

  43,403     400,176

EnerNOC, Inc. (a)

  6,221     206,288

Ennis, Inc.

  15,615     251,870

Fuel Tech, Inc. (a) (b)

  10,672     119,526

G&K Services, Inc.

  10,384     230,109

GeoEye, Inc. (a) (b)

  10,978     294,210

Healthcare Services Group, Inc.

  24,305     446,240

Herman Miller, Inc.

  31,513     532,885

HNI Corp.

  25,028     590,661

Innerworkings, Inc. (a) (b)

  12,474     61,622

Interface, Inc.

  28,738     238,525

Kimball International, Inc. (Class B)

  18,813     143,543

Knoll, Inc.

  30,139     314,350

M&F Worldwide Corp. (a)

  8,341     168,822

McGrath Rentcorp

  13,375     284,486

Metalico, Inc. (a) (b)

  16,397     68,376

Mine Safety Appliances Co.

  17,426     479,389

Mobile Mini, Inc. (a) (b)

  19,466     337,930

Multi-Color Corp.

  6,895     106,390

Perma-Fix Environmental Services (a)

  32,728     76,584

Rollins, Inc.

  25,453     479,789

Schawk, Inc.

  10,309     120,306

Standard Parking Corp. (a)

  5,891     103,034

Steelcase, Inc. (b)

  41,383     256,988

SYKES Enterprises, Inc. (a)

  20,294     422,521

Team, Inc. (a)

  12,181     206,468

Tetra Tech, Inc. (a)

  34,525     915,948

The GEO Group, Inc. (a)

  28,585     576,559

United Stationers, Inc. (a)

  13,129     625,072

Viad Corp.

  11,786     234,659

Waste Services, Inc.

  8,534     39,427
       
      12,985,272
       

Communications Equipment—3.5%

   

3Com Corp. (a)

  223,894     1,170,966

Acme Packet, Inc. (a)

  22,418     224,404

ADC Telecommunications, Inc. (a)

  55,445     462,411

Adtran, Inc.

  31,237     766,868

Airvana, Inc. (a)

  14,798     100,182

Anaren, Inc. (a)

  8,343     141,831

Arris Group, Inc. (a)

  70,728     920,171

Aruba Networks, Inc. (a) (b)

  33,820     298,969

Avocent Corp. (a)

  24,991     506,568

Bel Fuse, Inc. (Class B)

  7,133     135,741

BigBand Networks, Inc. (a)

  20,770     83,288

Black Box Corp.

  9,812     246,183

Blue Coat Systems, Inc. (a)

  22,625     511,099

Cogo Group, Inc. (a)

  11,678     71,469

Comtech Telecommunications Corp. (a) (b)

  15,803     524,976

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

Russell 2000 Index Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares   Value
   

Communications Equipment—(Continued)

 

DG FastChannel, Inc. (a)

  10,125   $ 212,017

Digi International, Inc. (a)

  14,316     121,972

EMS Technologies, Inc. (a)

  8,800     183,216

Emulex Corp. (a)

  47,015     483,784

Extreme Networks, Inc. (a)

  46,869     131,233

Globecomm Systems, Inc. (a)

  14,070     102,289

Harmonic, Inc. (a)

  52,317     349,478

Harris Stratex Networks, Inc. (a)

  31,258     218,806

Hughes Communications, Inc. (a)

  5,195     157,616

Infinera Corp. (a) (b)

  51,760     411,492

InterDigital, Inc. (a) (b)

  25,220     584,095

Ixia (a)

  17,936     123,041

KVH Industries, Inc. (a)

  8,413     84,046

Loral Space & Communications, Inc. (a)

  6,397     175,790

Netgear, Inc. (a)

  21,529     395,057

Network Equipment Technologies, Inc. (a) (b)

  17,424     125,975

Neutral Tandem, Inc. (a)

  18,738     426,477

Oplink Communications, Inc. (a)

  14,091     204,601

Palm, Inc. (a) (b)

  91,013     1,586,357

ParkerVision, Inc. (a) (b)

  17,775     72,700

PC-Tel, Inc. (a)

  11,316     70,725

Plantronics, Inc.

  27,342     733,039

Polycom, Inc. (a) (b)

  48,625     1,300,719

Powerwave Technologies, Inc. (a) (b)

  80,441     128,706

Riverbed Technology, Inc. (a)

  31,210     685,372

SeaChange International, Inc. (a)

  18,494     138,705

ShoreTel, Inc. (a)

  25,559     199,616

Sonus Networks, Inc. (a)

  114,682     243,126

Starent Networks Corp. (a)

  22,365     568,518

Sycamore Networks, Inc. (a)

  106,967     323,040

Symmetricom, Inc. (a)

  25,522     132,204

Tekelec, Inc. (a) (b)

  37,991     624,192

UTStarcom, Inc. (a) (b)

  67,063     140,162

ViaSat, Inc. (a)

  14,161     376,399
       
      17,979,691
       

Computers & Peripherals—0.9%

   

3PAR, Inc. (a)

  15,885     175,212

ActivIdentity Corp. (a)

  27,366     75,804

Adaptec, Inc. (a)

  81,124     270,954

Avid Technology, Inc. (a)

  17,001     239,544

Compellent Technologies, Inc. (a) (b)

  9,865     178,063

Cray, Inc. (a)

  19,023     158,462

Electronics for Imaging, Inc. (a)

  28,374     319,775

Imation Corp.

  16,653     154,373

Immersion Corp. (a) (b)

  16,446     70,389

Intermec, Inc. (a)

  34,336     484,138

Intevac, Inc. (a)

  14,334     192,649

Isilon Systems, Inc. (a) (b)

  15,516     94,648

Netezza Corp. (a) (b)

  27,206     305,796

Novatel Wireless, Inc. (a) (b)

  18,653     211,898

Quantum Corp. (a)

  116,316     146,558

Rimage Corp. (a)

  6,814     116,451

Silicon Graphics International Corp. (a)

  18,071     121,256

STEC, Inc. (a) (b)

  14,165     416,309

Stratasys, Inc. (a) (b)

  11,733     201,338
Security Description   Shares   Value
   

Computers & Peripherals—(Continued)

 

Super Micro Computer, Inc. (a)

  15,529   $ 131,375

Synaptics, Inc. (a) (b)

  18,915     476,658
       
      4,541,650
       

Construction & Engineering—0.9%

   

Argan, Inc. (a)

  4,795     64,445

Dycom Industries, Inc. (a)

  22,810     280,563

EMCOR Group, Inc. (a)

  37,895     959,501

Furmanite Corp. (a)

  22,513     97,031

Granite Construction, Inc. (b)

  19,668     608,528

Great Lakes Dredge & Dock Corp.

  24,112     168,302

Insituform Technologies, Inc. (a)

  22,484     430,344

Layne Christensen Co. (a)

  10,438     334,538

MasTec, Inc. (a)

  29,193     354,695

Michael Baker Corp.

  4,638     168,545

MYR Group, Inc. (a)

  10,138     213,810

Northwest Pipe Co. (a)

  4,794     160,743

Orion Marine Group, Inc. (a)

  17,225     353,801

Pike Electric Corp. (a)

  10,661     127,719

Sterling Construction Co., Inc. (a)

  8,227     147,346

Tutor Perini Corp. (a)

  15,024     320,011
       
      4,789,922
       

Construction Materials—0.1%

   

Headwaters, Inc. (a)

  26,175     101,297

Texas Industries, Inc. (b)

  13,158     552,505
       
      653,802
       

Consumer Finance—0.4%

   

Advance America Cash Advance Centers, Inc.

  24,733     138,505

Cash America International, Inc.

  16,395     494,473

Credit Acceptance Corp. (a)

  3,586     115,433

Dollar Financial Corp. (a)

  16,563     265,339

Ezcorp., Inc. (a)

  25,729     351,458

First Cash Financial Services, Inc. (a)

  12,600     215,838

Nelnet, Inc. (a)

  10,868     135,198

The First Marblehead Corp. (a)

  41,501     91,302

World Acceptance Corp. (a) (b)

  9,274     233,798
       
      2,041,344
       

Containers & Packaging—0.5%

   

AEP Industries, Inc. (a)

  4,004     159,760

Bway Holding Co. (a)

  4,728     87,515

Graphic Packaging Holding Co. (a)

  74,510     172,118

Myers Industries, Inc.

  18,780     202,261

Rock-Tenn Co.

  21,966     1,034,818

Silgan Holdings, Inc.

  15,329     808,298
       
      2,464,770
       

Distributors—0.1%

   

Audiovox Corp. (a)

  12,365     84,700

Core-Mark Holding Co., Inc. (a)

  5,639     161,276
       
      245,976
       

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

Russell 2000 Index Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares   Value
   

Diversified Consumer Services—1.2%

   

American Public Education, Inc. (a) (b)

  10,558   $ 366,785

Bridgepoint Education, Inc. (a)

  8,456     129,039

Capella Education Co. (a) (b)

  8,875     597,642

ChinaCast Education Corp. (a) (b)

  18,085     131,478

Coinstar, Inc. (a) (b)

  16,796     553,932

Corinthian Colleges, Inc. (a) (b)

  47,510     881,786

CPI Corp.

  3,367     41,986

Grand Canyon Education, Inc. (a) (b)

  9,558     170,419

Jackson Hewitt Tax Service, Inc.

  17,904     91,310

K12, Inc. (a)

  13,883     228,792

Lincoln Educational Services Corp. (a) (b)

  5,975     136,708

Mac-Gray Corp. (a)

  7,254     78,198

Matthews International Corp.

  17,457     617,629

Pre-Paid Legal Services, Inc. (a) (b)

  4,860     246,888

Regis Corp.

  34,233     530,612

Sotheby’s (b)

  37,789     651,104

Steiner Leisure, Ltd. (a)

  8,240     294,662

Stewart Enterprises, Inc. (b)

  47,112     246,396

Universal Technical Institute, Inc. (a)

  14,118     278,125
       
      6,273,491
       

Diversified Financial Services—0.5%

   

Asset Acceptence Capital Corp. (a) (b)

  9,156     66,381

Compass Diversified Holdings

  13,889     145,418

Encore Capital Group, Inc. (b)

  9,815     132,012

Financial Federal Corp. (b)

  14,349     354,133

Life Partners Holdings, Inc. (b)

  5,041     90,234

MarketAxess Holdings, Inc. (a)

  17,769     214,116

Medallion Financial Corp.

  10,546     88,165

PHH Corp. (a) (b)

  30,324     601,628

Pico Holdings, Inc. (a)

  13,072     435,951

Portfolio Recovery Associates, Inc. (a) (b)

  8,582     389,022

Teton Advisors, Inc. (a) (c)

  78     0
       
      2,517,060
       

Diversified Telecommunication Services—0.8%

 

AboveNet, Inc. (a)

  7,244     353,217

Alaska Communication Systems Group, Inc. (b)

  28,336     262,108

Atlantic Tele-Network, Inc.

  5,823     311,065

Cbeyond, Inc. (a) (b)

  13,419     216,448

Cincinnati Bell, Inc. (a)

  128,661     450,314

Cogent Communications Group, Inc. (a) (b)

  24,794     280,172

Consolidated Communications Holdings, Inc.

  14,378     230,192

D&E Communications, Inc. (b)

  8,481     97,447

General Communication, Inc. (a)

  25,459     174,649

Global Crossing, Ltd. (a)

  16,822     240,555

HickoryTech Corp.

  7,826     66,912

Iowa Telecommunications Services, Inc. (b)

  17,513     220,664

NTELOS Holdings Corp.

  16,740     295,628

PAETEC Holding Corp. (a)

  65,390     253,059

Premiere Global Services, Inc. (a)

  33,133     275,335

Shenandoah Telecommunications Co. (b)

  12,542     225,129

SureWest Communications (b)

  8,437     104,788
       
      4,057,682
       
Security Description   Shares   Value
   

Electric Utilities—1.1%

   

Allete, Inc.

  17,044   $ 572,167

Central Vermont Public Service Corp.

  7,804     150,617

Cleco Corp.

  35,743     896,435

El Paso Electric Co. (a)

  25,023     442,156

IDACORP, Inc.

  26,890     774,163

MGE Energy, Inc.

  13,201     481,573

Portland General Electric Co.

  41,753     823,369

The Empire District Electric Co. (b)

  18,899     341,883

UIL Holdings Corp.

  16,792     443,141

Unisource Energy Corp.

  20,334     625,271

Unitil Corp.

  6,123     137,461
       
      5,688,236
       

Electrical Equipment—2.2%

   

A.O. Smith Corp.

  12,602     480,136

Acuity Brands, Inc. (b)

  22,732     732,198

Advanced Battery Technologies, Inc. (a) (b)

  28,577     124,024

American Superconductor Corp. (a) (b)

  24,826     832,664

AZZ, Inc. (a) (b)

  7,338     294,768

Baldor Electric Co. (b)

  25,838     706,411

Belden, Inc.

  26,162     604,342

Brady Corp.

  28,161     808,784

Broadwind Energy, Inc. (a)

  18,719     147,693

China BAK Battery, Inc. (a)

  22,911     113,410

Encore Wire Corp. (b)

  10,441     233,252

Ener1, Inc. (a)

  24,918     172,433

Energy Conversion Devices, Inc. (a) (b)

  25,840     299,227

EnerSys (a)

  23,161     512,321

Evergreen Solar, Inc. (a) (b)

  110,081     211,356

Franklin Electric Co., Inc. (b)

  12,942     371,047

FuelCell Energy, Inc. (a) (b)

  35,484     151,517

Fushi Copperweld, Inc. (a) (b)

  9,883     83,610

GrafTech International, Ltd. (a)

  66,934     983,930

GT Solar International, Inc. (a) (b)

  19,090     110,913

Harbin Electric Inc. (a)

  6,752     113,974

II-VI, Inc. (a)

  13,651     347,281

LaBarge, Inc. (a)

  8,720     98,100

Microvision, Inc. (a) (b)

  39,849     219,568

Polypore International, Inc. (a) (b)

  13,563     175,098

Powell Industries, Inc. (a)

  4,404     169,070

Power-One, Inc. (a)

  46,122     89,938

Preformed Line Products Co.

  2,003     80,220

Regal-Beloit Corp. (b)

  20,451     934,815

Valence Technology, Inc. (a) (b)

  30,823     55,481

Vicor Corp.

  11,742     90,648

Woodward Governor Co.

  34,467     836,169
       
      11,184,398
       

Electronic Equipment, Instruments & Components—2.1%

Anixter International, Inc. (a) (b)

  16,615     666,428

Benchmark Electronics, Inc. (a)

  37,603     676,854

Brightpoint, Inc. (a)

  30,518     267,032

Checkpoint Systems, Inc. (a)

  22,211     365,149

China Security & Surveillance Technology, Inc. (a) (b)

  18,338     130,933

Cogent, Inc. (a)

  22,887     231,159

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

Russell 2000 Index Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares   Value
   

Electronic Equipment, Instruments & Components—(Continued)

Cognex Corp.

  22,359   $ 366,240

Coherent, Inc. (a) (b)

  12,931     301,551

Comverge, Inc. (a) (b)

  10,140     123,809

CTS Corp.

  24,167     224,753

Daktronics, Inc. (b)

  18,513     158,656

DTS, Inc. (a)

  9,982     273,307

Echelon Corp. (a) (b)

  16,807     216,306

Electro Rent Corp.

  15,175     174,816

Electro Scientific Industries, Inc. (a)

  17,241     230,857

FARO Technologies, Inc. (a) (b)

  11,147     191,505

Insight Enterprises, Inc. (a)

  27,038     330,134

IPG Photonics Corp. (a) (b)

  12,833     195,062

L-1 Identity Solutions, Inc. (a) (b)

  39,842     278,496

Littelfuse, Inc. (a)

  13,779     361,561

Maxwell Technologies, Inc. (a) (b)

  11,613     214,028

Measurement Specialties, Inc. (a)

  10,016     102,263

Mercury Computer Systems, Inc. (a)

  12,071     119,020

Methode Electronics, Inc.

  22,249     192,899

MTS Systems Corp.

  10,030     292,976

Multi-Fineline Electronix, Inc. (a)

  5,936     170,423

Newport Corp. (a)

  17,432     152,704

NVE Corp.

  3,316     176,279

OSI Systems, Inc. (a)

  10,131     185,296

Park Electrochemical Corp.

  12,787     315,200

Plexus Corp. (a)

  22,241     585,828

RadiSys Corp. (a)

  14,648     127,291

Rofin-Sinar Technologies, Inc. (a)

  16,592     380,952

Rogers Corp. (a)

  8,965     268,681

SatCon Technology Corp. (a)

  31,559     53,966

Scansource, Inc. (a) (b)

  14,516     411,093

Smart Modular Technologies WWH, Inc. (a)

  25,955     123,546

Spectrum Control, Inc.

  7,518     63,828

SYNNEX Corp. (a) (b)

  11,066     337,292

Technitrol, Inc.

  23,824     219,419

TTM Technologies, Inc. (a)

  26,267     301,282

Universal Display Corp. (a) (b)

  19,791     236,305
       
      10,795,179
       

Energy Equipment & Services—1.8%

   

Allis-Chalmers Energy, Inc. (a)

  36,935     161,037

Basic Energy Services, Inc. (a)

  13,899     118,002

Bolt Technology Corp. (a) (b)

  6,295     79,128

Boots & Coots, Inc. (a) (b)

  49,913     80,360

Bristow Group, Inc. (b)

  16,728     496,654

Bronco Drilling Co., Inc. (a) (b)

  17,183     112,549

Cal Dive International, Inc. (a)

  26,149     258,614

CARBO Ceramics, Inc. (b)

  11,786     607,568

Complete Production Services, Inc. (a)

  37,636     425,287

Dawson Geophysical Co. (a) (b)

  5,124     140,295

Dril-Quip, Inc. (a)

  17,567     872,026

ENGlobal Corp. (a)

  16,198     66,736

Global Industries, Ltd. (a)

  57,999     550,990

Gulf Island Fabrication, Inc.

  8,075     151,325

Gulfmark Offshore, Inc. (a)

  12,746     417,304

Hercules Offshore, Inc. (a) (b)

  52,096     255,791

Hornbeck Offshore Services, Inc. (a)

  13,379     368,725
Security Description   Shares   Value
   

Energy Equipment & Services—(Continued)

ION Geophysical Corp. (a)

  52,448   $ 184,617

Key Energy Services, Inc. (a)

  71,617     623,068

Lufkin Industries, Inc.

  8,614     458,092

Matrix Service Co. (a)

  14,196     154,311

NATCO Group, Inc. (a)

  11,081     490,667

Natural Gas Services Group, Inc. (a)

  8,238     145,154

Newpark Resources, Inc. (a)

  44,275     142,123

OYO Geospace Corp. (a) (b)

  2,616     67,571

Parker Drilling Co. (a)

  67,607     369,134

PHI, Inc. (a)

  8,963     181,770

Pioneer Drilling Co. (a)

  27,178     199,487

RPC, Inc. (b)

  17,533     183,746

Superior Well Services, Inc. (a) (b)

  10,543     102,056

T-3 Energy Services, Inc. (a)

  8,164     160,831

Tetra Technologies, Inc. (a)

  43,732     423,763

Willbros Group, Inc. (a)

  25,158     383,156
       
      9,431,937
       

Food & Staples Retailing—0.9%

   

Arden Group, Inc.

  719     85,920

Casey’s General Stores, Inc.

  30,139     945,762

Great Atlantic & Pacific Tea Co. (a) (b)

  16,807     149,750

Ingles Markets, Inc.

  7,334     116,097

Nash Finch Co.

  6,720     183,725

Pricesmart, Inc.

  8,493     159,244

Ruddick Corp.

  24,637     655,837

Spartan Stores, Inc.

  11,884     167,921

Susser Holdings Corp.

  5,337     67,086

The Andersons, Inc.

  10,396     365,939

The Pantry, Inc. (a)

  12,441     195,075

United Natural Foods, Inc. (a)

  23,882     571,257

Village Supermarket, Inc.

  4,312     127,075

Weis Markets, Inc. (b)

  6,205     198,250

Winn-Dixie Stores, Inc. (a)

  30,224     396,539
       
      4,385,477
       

Food Products—1.3%

   

AgFeed Industries, Inc. (a) (b)

  14,959     79,881

Alico, Inc. (b)

  2,563     75,327

American Dairy, Inc. (a) (b)

  4,895     138,675

American Italian Pasta Co. (Class A) (a) (b)

  12,089     328,579

B&G Foods, Inc.

  10,976     89,894

Cal-Maine Foods, Inc. (b)

  7,468     199,919

Calavo Growers, Inc.

  7,587     144,001

Chiquita Brands International, Inc. (a)

  25,876     418,156

Darling International, Inc. (a)

  44,755     328,949

Diamond Foods, Inc.

  9,023     286,210

Farmer Bros. Co.

  4,569     94,578

Fresh Del Monte Produce, Inc. (a)

  23,723     536,377

Griffin Land & Nurseries, Inc.

  2,418     77,376

Hain Celestial Group, Inc. (a)

  22,648     434,162

Imperial Sugar Co. (b)

  7,388     93,680

J&J Snack Foods Corp.

  7,928     342,410

Lancaster Colony Corp.

  11,152     571,763

Lance, Inc.

  16,482     425,565

Sanderson Farms, Inc. (b)

  11,420     429,849

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

Russell 2000 Index Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares   Value
   

Food Products—(Continued)

Seneca Foods Corp. (a)

  3,843   $ 105,298

Smart Balance, Inc. (a)

  35,186     216,042

Synutra International, Inc. (a) (b)

  10,851     148,767

Tootsie Roll Industries, Inc. (b)

  13,708     325,976

TreeHouse Foods, Inc. (a) (b)

  17,403     620,765

Zhongpin, Inc. (a) (b)

  11,673     171,827
       
      6,684,026
       

Gas Utilities—1.2%

Chesapeake Utilities Corp.

  4,668     144,661

New Jersey Resources Corp.

  24,011     871,840

Nicor, Inc. (b)

  26,519     970,330

Northwest Natural Gas Co.

  14,697     612,277

Piedmont Natural Gas Co.

  41,852     1,001,937

South Jersey Industries, Inc.

  16,545     584,039

Southwest Gas Corp.

  25,528     653,006

The Laclede Group, Inc.

  12,170     391,387

WGL Holdings, Inc.

  28,567     946,710
       
      6,176,187
       

Health Care Equipment & Supplies—3.7%

Abaxis, Inc. (a) (b)

  14,594     390,390

ABIOMED, Inc. (a) (b)

  16,820     163,322

Accuray, Inc. (a) (b)

  23,419     152,224

Align Technology, Inc. (a) (b)

  33,035     469,758

Alphatec Holdings, Inc. (a)

  19,158     88,127

American Medical Systems Holdings, Inc. (a) (b)

  42,303     715,767

Analogic Corp.

  7,574     280,389

Angiodynamics, Inc. (a)

  16,977     233,943

Aspect Medical Systems, Inc. (a) (b)

  11,044     132,307

Atrion Corp.

  718     103,679

ATS Medical, Inc. (a)

  29,028     77,795

Bovie Medical Corp. (a) (b)

  10,385     81,522

Cantel Medical Corp.

  8,706     131,112

Conceptus, Inc. (a) (b)

  16,733     310,230

Conmed Corp. (a)

  19,090     365,955

CryoLife, Inc. (a)

  17,220     137,243

Cutera, Inc. (a)

  8,327     72,029

Cyberonics, Inc. (a) (b)

  16,539     263,632

DexCom, Inc. (a)

  23,916     189,654

Electro-Optical Sciences, Inc. (a)

  10,861     104,048

Endologix, Inc. (a)

  26,953     166,839

ev3, Inc. (a)

  39,569     487,094

Exactech, Inc. (a)

  5,322     83,768

Greatbatch, Inc. (a) (b)

  12,931     290,560

Haemonetics Corp. (a)

  14,343     804,929

Hansen Medical, Inc. (a)

  12,148     42,518

HeartWare International, Inc. (a) (b)

  2,910     87,271

I-Flow Corp. (a)

  9,812     111,759

ICU Medical, Inc. (a)

  7,376     271,879

Immucor, Inc. (a)

  39,096     691,999

Insulet Corp. (a) (b)

  12,961     145,552

Integra LifeSciences Holdings Corp. (a)

  10,937     373,499

Invacare Corp. (b)

  18,133     404,003

IRIS International, Inc. (a)

  13,110     148,143

Kensey Nash Corp. (a)

  5,237     151,611
Security Description   Shares   Value
   

Health Care Equipment & Supplies—(Continued)

MAKO Surgical Corp. (a) (b)

  8,125   $ 71,175

Masimo Corp. (a) (b)

  29,073     761,713

Medical Action Industries, Inc. (a)

  10,034     121,110

Meridian Bioscience, Inc. (b)

  22,552     564,026

Merit Medical Systems, Inc. (a)

  15,410     267,055

Micrus Endovascular Corp. (a)

  9,469     122,624

Natus Medical, Inc. (a)

  16,472     254,163

Neogen Corp. (a) (b)

  7,993     258,094

NuVasive, Inc. (a) (b)

  20,847     870,571

NxStage Medical, Inc. (a) (b)

  14,385     96,236

OraSure Technologies, Inc. (a)

  21,148     61,329

Orthofix International NV (a)

  11,410     335,340

Orthovita, Inc. (b)

  38,802     170,341

Palomar Medical Technologies, Inc. (a)

  11,206     181,649

Quidel Corp. (a) (b)

  15,087     244,862

Rochester Medical Corp. (a)

  6,166     74,239

Rockwell Medical Technologies, Inc. (a) (b)

  8,964     69,740

RTI Biologics, Inc. (a)

  32,270     140,375

Sirona Dental Systems, Inc. (a)

  10,033     298,482

Somanetics Corp. (a)

  9,278     149,561

SonoSite, Inc. (a) (b)

  10,253     271,294

Spectranetics Corp. (a)

  19,030     121,982

Stereotaxis, Inc. (a) (b)

  16,444     73,340

STERIS Corp.

  32,634     993,705

SurModics, Inc. (a) (b)

  9,719     239,087

Symmetry Medical, Inc. (a)

  21,060     218,392

Synovis Life Technologies, Inc. (a)

  6,702     92,488

Thoratec Corp. (a)

  32,314     978,145

TomoTherapy, Inc. (a)

  28,520     123,492

Vascular Solutions Inc. (a)

  9,953     82,311

Volcano Corp. (a)

  26,540     446,403

West Pharmaceutical Services, Inc. (b)

  18,062     733,498

Wright Medical Group, Inc. (a) (b)

  20,976     374,631

Young Innovations, Inc.

  3,398     89,401

Zoll Medical Corp. (a)

  13,957     300,355
       
      18,975,759
       

Health Care Providers & Services—3.4%

   

Air Methods Corp. (a) (b)

  6,724     219,001

Alliance Imaging, Inc. (a)

  16,629     94,120

Allied Healthcare International, Inc. (b)

  28,785     80,598

Allion Healthcare, Inc. (a)

  12,396     72,517

Almost Family, Inc. (a)

  4,862     144,645

Amedisys, Inc. (a) (b)

  15,733     686,431

America Service Group, Inc. (a)

  5,143     85,065

American Dental Partners, Inc. (a)

  8,086     113,204

AMERIGROUP Corp. (a)

  29,811     660,910

AMN Healthcare Services, Inc. (a)

  21,359     203,124

AmSurg Corp. (a)

  17,693     375,622

Assisted Living Concepts, Inc. (a)

  7,521     155,835

Bio-Reference Labs, Inc. (a)

  7,862     270,453

BioScrip, Inc. (a)

  24,999     168,993

BMP Sunstone Corp. (a) (b)

  19,887     80,940

Capital Senior Living Corp. (a)

  14,260     86,986

CardioNet, Inc. (a) (b)

  13,882     93,287

Catalyst Health Solutions, Inc. (a)

  21,100     615,065

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

Russell 2000 Index Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares   Value
   

Health Care Providers & Services—(Continued)

Centene Corp. (a)

  24,322   $ 460,659

Chemed Corp.

  12,513     549,196

Chindex International, Inc. (a)

  6,872     86,450

Clarient, Inc. (a)

  19,016     80,057

Corvel Corp. (a)

  5,760     163,584

Cross Country Healthcare, Inc. (a)

  16,639     154,909

Emergency Medical Services Corp. (a)

  6,333     294,485

Emeritus Corp. (a) (b)

  13,754     301,900

Genoptix, Inc. (a) (b)

  9,765     339,627

Gentiva Health Services, Inc. (a)

  16,839     421,143

Hanger Orthopedic Group, Inc. (a)

  17,104     237,232

Health Grades, Inc. (a)

  15,931     78,858

Healthsouth Corp. (a)

  49,308     771,177

Healthspring, Inc. (a)

  27,956     342,461

Healthways, Inc. (a)

  18,606     285,044

HMS Holdings Corp. (a)

  14,846     567,563

inVentiv Health, Inc. (a)

  21,700     363,041

IPC The Hospitalist Co., Inc. (a)

  9,377     294,907

Kindred Healthcare, Inc. (a)

  22,687     368,210

Landauer, Inc.

  5,165     283,972

LHC Group, Inc. (a) (b)

  8,340     249,616

Magellan Health Services, Inc. (a)

  20,435     634,711

Medcath Corp. (a)

  11,258     98,733

Molina Healthcare, Inc. (a) (b)

  8,887     183,872

MWI Veterinary Supply, Inc. (a)

  6,398     255,600

National Healthcare Corp. (b)

  4,998     186,375

Odyssey HealthCare, Inc. (a)

  18,943     236,788

Owens & Minor, Inc.

  23,801     1,076,995

PharMerica Corp. (a) (b)

  17,146     318,401

PSS World Medical, Inc. (a)

  34,671     756,868

Psychiatric Solutions, Inc. (a) (b)

  32,220     862,207

RehabCare Group, Inc. (a)

  10,778     233,775

Res-Care, Inc. (a)

  16,070     228,355

Skilled Healthcare Group, Inc. (a)

  8,777     70,479

Sun Healthcare Group, Inc. (a)

  26,563     229,504

Sunrise Senior Living, Inc. (a)

  28,669     86,867

The Ensign Group, Inc.

  5,940     83,338

The Providence Service Corp. (a)

  7,703     89,817

Triple-S Management Corp. (a)

  12,074     202,481

U.S. Physical Therapy, Inc. (a)

  8,827     133,023

Universal American Corp. (a)

  16,141     152,048

Wellcare Health Plans, Inc. (a)

  24,340     599,981
       
      17,621,105
       

Health Care Technology—0.6%

   

Amicas, Inc. (a)

  21,254     76,514

athenahealth, Inc. (a)

  19,204     736,857

Computer Programs & Systems, Inc. (b)

  5,856     242,497

Eclipsys Corp. (a)

  32,258     622,579

MedAssets, Inc. (a)

  22,738     513,197

Merge Healthcare, Inc. (a)

  15,578     64,026

Omnicell, Inc. (a)

  20,699     230,587

Phase Forward, Inc. (a)

  24,083     338,125

Transcend Services, Inc. (a)

  4,008     70,020

Vital Images, Inc. (a)

  10,111     126,590
       
      3,020,992
       
Security Description   Shares   Value
   

Hotels, Restaurants & Leisure—2.4%

   

AFC Enterprises, Inc. (a)

  12,648   $ 106,496

Ambassadors Group, Inc.

  11,473     179,553

Ameristar Casinos, Inc. (b)

  14,216     224,329

Bally Technologies, Inc. (a)

  32,218     1,236,205

BJ’s Restaurants, Inc. (a) (b)

  13,390     200,716

Bob Evans Farms, Inc.

  17,404     505,760

Buffalo Wild Wings, Inc. (a) (b)

  10,005     416,308

California Pizza Kitchen, Inc. (a)

  11,398     178,037

CEC Entertainment, Inc. (a)

  13,407     346,705

Churchill Downs, Inc.

  5,476     210,826

CKE Restaurants, Inc.

  29,629     310,808

Cracker Barrel Old Country Store, Inc.

  12,444     428,074

Denny’s Corp. (a)

  50,069     133,184

DineEquity, Inc. (a) (b)

  10,324     255,519

Domino’s Pizza, Inc. (a) (b)

  20,990     185,552

Gaylord Entertainment Co. (a) (b)

  23,052     463,345

Interval Leisure Group, Inc. (a)

  23,498     293,255

Isle of Capri Casinos, Inc. (a) (b)

  9,399     110,814

Jack in the Box, Inc. (a)

  32,760     671,252

Krispy Kreme Doughnuts, Inc. (a)

  36,447     130,116

Life Time Fitness, Inc. (a) (b)

  23,367     655,444

Marcus Corp.

  11,702     149,669

McCormick & Schmick’s Seafood Restaurants, Inc. (a)

  9,869     73,425

Multimedia Games, Inc. (a) (b)

  17,217     88,151

O’Charleys, Inc. (a)

  10,917     102,292

Orient-Express Hotels, Ltd. (Class A) (a) (b)

  44,830     515,993

P.F. Chang’s China Bistro, Inc. (a) (b)

  13,573     461,075

Papa John’s International, Inc. (a)

  13,946     342,653

Peet’s Coffee & Tea, Inc. (a) (b)

  6,988     197,271

Pinnacle Entertainment, Inc. (a)

  33,689     343,291

Red Robin Gourmet Burgers, Inc. (a) (b)

  8,813     179,962

Ruby Tuesday, Inc.

  29,469     248,129

Shuffle Master, Inc. (a)

  32,034     301,760

Sonic Corp. (a) (b)

  33,333     368,663

Speedway Motorsports, Inc. (b)

  8,883     127,826

Texas Roadhouse, Inc. (a) (b)

  27,442     291,434

The Cheesecake Factory (a) (b)

  33,398     618,531

The Steak N Shake Co. (a) (b)

  15,973     188,002

Universal Travel Group (a)

  6,613     85,308

Vail Resorts, Inc. (a)

  16,639     558,072

Youbet.com, Inc. (a)

  20,072     42,151
       
      12,525,956
       

Household Durables—1.2%

   

American Greetings Corp. (Class A)

  23,345     520,593

Blyth, Inc.

  3,831     148,375

Cavco Industries Inc. (a) (b)

  4,504     159,892

CSS Industries, Inc.

  4,704     92,998

Ethan Allen Interiors, Inc.

  15,394     254,001

Furniture Brands International, Inc. (a) (b)

  26,708     147,695

Helen of Troy, Ltd. (a)

  16,936     329,066

Hooker Furniture Corp.

  5,647     76,235

Hovnanian Enterprises, Inc. (Class A) (a) (b)

  31,452     120,776

iRobot Corp. (a) (b)

  12,683     156,128

La-Z-Boy, Inc. (b)

  31,411     271,705

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

Russell 2000 Index Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares   Value
   

Household Durables—(Continued)

   

M/I Homes, Inc. (a)

  8,667   $ 117,785

Meritage Homes Corp. (a)

  17,293     351,048

National Presto Industries, Inc.

  2,572     222,504

Ryland Group, Inc. (b)

  23,729     499,970

Sealy Corp. (a) (b)

  30,220     96,704

Skyline Corp.

  4,895     110,431

Standard Pacific Corp. (a)

  46,997     173,419

Stanley Furniture Co., Inc. (b)

  6,762     70,122

Tempur-Pedic International, Inc. (a)

  41,810     791,881

Tupperware Brands Corp.

  35,928     1,434,246

Universal Electronics, Inc. (a)

  9,803     200,177
       
      6,345,751
       

Household Products—0.1%

   

Central Garden & Pet Co. (a)

  36,297     396,726

Orchids Paper Products Co. (a) (b)

  3,269     65,380

WD-40 Co.

  8,908     252,987
       
      715,093
       

Industrial Conglomerates—0.3%

   

Otter Tail Corp. (b)

  19,686     471,086

Raven Industries, Inc. (b)

  10,703     286,091

Seaboard Corp.

  186     241,804

Standex International Corp.

  7,412     146,980

Tredegar Industries, Inc. (b)

  17,329     251,270
       
      1,397,231
       

Insurance—3.3%

   

AMBAC Financial Group, Inc. (a) (b)

  150,247     252,415

American Equity Investment Life Holding Co.

  27,888     195,774

American Physicians Capital, Inc.

  5,800     167,098

American Physicians Service Group, Inc.

  3,958     91,192

American Safety Insurance Holdings Ltd.

  7,486     118,279

Amerisafe, Inc. (a)

  11,822     203,930

Amtrust Financial Services, Inc.

  13,564     154,765

Argo Group International Holdings, Ltd. (a)

  17,207     579,532

Assured Guaranty, Ltd. (b)

  59,833     1,161,957

Baldwin & Lyons, Inc. (Class B)

  6,414     150,408

Citizens, Inc. (a) (b)

  22,172     140,570

CNA Surety Corp. (a)

  9,923     160,753

Conseco, Inc. (a)

  108,651     571,504

Crawford & Co. (Class B) (a)

  9,747     42,984

Delphi Financial Group, Inc.

  24,752     560,138

Donegal Group, Inc.

  8,649     133,541

eHealth, Inc. (a)

  14,089     204,572

EMC Insurance Group, Inc. (b)

  4,088     86,379

Employers Holdings, Inc.

  28,080     434,678

Enstar Group, Ltd. (a)

  3,911     243,538

FBL Financial Group, Inc. (b)

  8,303     161,327

First Mercury Financial Corp. (a)

  10,341     137,742

Flagstone Reinsurance Holdings, Ltd.

  22,943     258,797

FPIC Insurance Group, Inc. (a)

  4,441     148,996

Greenlight Capital Re, Ltd. (a)

  16,142     303,470

Harleysville Group, Inc.

  8,462     267,822

Hilltop Holdings, Inc. (a)

  23,109     283,316

Horace Mann Educators Corp.

  21,022     293,677
Security Description   Shares   Value
   

Insurance—(Continued)

   

Infinity Property & Casualty Corp.

  8,104   $ 344,258

Kansas City Life Insurance Co.

  3,354     104,444

Maiden Holdings, Ltd.

  29,541     214,763

Max Capital Group, Ltd.

  26,581     568,036

Meadowbrook Insurance Group, Inc.

  33,741     249,683

Mercer Insurance Group, Inc.

  3,619     65,395

Montpelier Re Holdings, Ltd.

  48,263     787,652

National Financial Partners Corp. (a)

  24,361     212,428

National Interstate Corp.

  4,305     75,338

National Western Life Insurance Co.

  1,212     213,288

Navigators Group, Inc. (a)

  7,422     408,210

Platinum Underwriters Holdings, Ltd.

  29,632     1,062,011

PMA Capital Corp. (a)

  16,258     92,508

Presidential Life Corp.

  15,310     158,612

ProAssurance Corp. (a)

  18,941     988,531

RLI Corp.

  10,453     551,709

Safety Insurance Group, Inc.

  9,087     299,144

SeaBright Insurance Holdings, Inc. (a)

  12,481     142,533

Selective Insurance Group

  29,989     471,727

State Auto Financial Corp.

  9,434     169,152

Stewart Information Services Corp.

  9,368     115,882

The Phoenix Cos., Inc. (b)

  87,690     284,993

Tower Group, Inc.

  23,256     567,214

United America Indemity, Ltd. (a)

  19,816     146,440

United Fire & Casualty Co.

  14,209     254,341

Zenith National Insurance Corp.

  20,848     644,203
       
      16,701,649
       

Internet & Catalog Retail—0.4%

   

Blue Nile, Inc. (a)

  7,539     468,323

Drugstore.com (a)

  54,784     133,125

HSN, Inc. (a)

  23,532     383,101

NutriSystem, Inc. (b)

  17,277     263,647

Overstock.com, Inc. (a) (b)

  10,438     153,125

PetMed Express, Inc. (b)

  13,291     250,535

Shutterfly, Inc. (a)

  12,478     207,509

Stamps.com, Inc. (a)

  10,227     94,600

Ticketmaster Entertainment, Inc. (a)

  22,920     267,935
       
      2,221,900
       

Internet Software & Services—2.2%

   

Art Technology Group, Inc. (a)

  72,797     280,996

AsiaInfo Holdings, Inc. (a) (b)

  16,393     327,368

Chordiant Software, Inc. (a)

  17,663     68,709

comScore, Inc. (a) (b)

  11,964     215,472

Constant Contact, Inc. (a)

  13,574     261,300

DealerTrack Holdings, Inc. (a)

  22,254     420,823

Digital River, Inc. (a)

  21,765     877,565

DivX, Inc. (a)

  14,635     79,907

EarthLink, Inc. (a)

  61,547     517,610

GSI Commerce, Inc. (a) (b)

  12,809     247,342

Infospace, Inc. (a)

  19,526     151,131

Internap Network Services Corp. (a) (b)

  29,790     95,626

Internet Brands, Inc. (a) (b)

  16,026     127,888

Internet Capital Group, Inc. (a)

  20,148     168,437

j2 Global Communications, Inc. (a)

  24,712     568,623

 

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


Table of Contents

Metropolitan Series Fund, Inc.

 

Russell 2000 Index Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares   Value
   

Internet Software & Services—(Continued)

   

Keynote Systems, Inc. (a)

  10,145   $ 95,667

Limelight Networks, Inc. (a)

  16,671     67,684

Liquidity Services, Inc. (a)

  10,729     110,723

LivePerson, Inc. (a)

  24,433     123,142

LoopNet, Inc. (a) (b)

  16,925     153,002

MercadoLibre, Inc. (a) (b)

  14,336     551,363

ModusLink Global Solutions, Inc. (a)

  26,440     213,900

Move, Inc. (a) (b)

  92,344     249,329

NIC, Inc. (a)

  29,096     258,664

Omniture, Inc. (a)

  38,617     827,949

Openwave Systems, Inc. (a)

  48,863     127,044

Perficient, Inc. (a)

  18,173     150,291

Rackspace Hosting, Inc. (a) (b)

  37,947     647,376

RealNetworks, Inc. (a)

  46,472     172,876

S1 Corp. (a)

  31,051     191,895

Saba Software, Inc. (a)

  14,832     62,443

SAVVIS, Inc. (a)

  20,558     325,228

SonicWall, Inc. (a)

  30,108     252,907

support.com, Inc. (a)

  27,806     66,734

Switch & Data Facilities Co., Inc. (a)

  13,728     186,838

Terremark Worldwide, Inc. (a) (b)

  29,552     183,813

The Knot, Inc. (a)

  17,057     186,262

United Online, Inc.

  48,001     385,928

ValueClick, Inc. (a)

  48,533     640,150

Vocus, Inc. (a)

  10,601     221,455

Web.com Group, Inc. (a)

  16,114     114,248

Websense, Inc. (a)

  25,168     422,822

Zix Corp. (a)

  38,280     84,216
       
      11,482,746
       

IT Services—2.4%

   

Acxiom Corp. (a)

  38,824     367,275

CACI International, Inc. (Class A) (a)

  16,752     791,867

Cass Information Systems, Inc. (b)

  4,901     146,344

Ciber, Inc. (a)

  32,578     130,312

CSG Systems International, Inc. (a)

  19,568     313,284

Cybersource Corp. (a)

  38,596     643,395

Euronet Worldwide, Inc. (a)

  27,991     672,624

ExlService Holdings, Inc. (a)

  8,515     126,533

Forrester Research, Inc. (a)

  8,890     236,830

Gartner, Inc. (Class A) (a)

  33,010     603,093

Global Cash Access Holdings, Inc. (a)

  23,261     170,038

Heartland Payment Systems, Inc.

  22,136     321,193

iGate Corp. (a)

  13,393     114,912

infoGROUP, Inc.

  19,955     139,885

Integral Systems, Inc. (a)

  7,422     51,212

Lionbridge Technologies (a)

  34,644     90,074

Mantech International Corp. (a)

  12,506     589,783

Maximus, Inc.

  9,922     462,365

MoneyGram International, Inc. (b)

  51,641     162,153

NCI, Inc. (a) (b)

  4,528     129,772

Ness Technologies, Inc. (a)

  22,874     180,476

Online Resources Corp. (a)

  15,652     96,573

Perot Systems Corp. (a)

  48,089     1,428,243

RightNow Technologies, Inc. (a)

  12,668     182,926

Sapient Corp. (a)

  48,606     390,792
Security Description   Shares   Value
   

IT Services—(Continued)

   

SRA International, Inc. (a)

  23,748   $ 512,719

Syntel, Inc. (b)

  7,885     376,351

TeleTech Holdings, Inc. (a)

  20,604     351,504

Tier Technologies, Inc. (a)

  10,389     88,099

TNS, Inc. (a)

  13,622     373,243

Unisys Corp. (a) (b)

  212,406     567,124

VeriFone Holdings, Inc. (a) (b)

  44,469     706,612

Virtusa Corp. (a)

  7,925     75,208

Wright Express Corp. (a)

  21,731     641,282
       
      12,234,096
       

Leisure Equipment & Products—0.7%

   

Brunswick Corp. (b)

  48,003     575,076

Callaway Golf Co. (b)

  35,357     269,067

Eastman Kodak Co. (a) (b)

  155,874     745,078

Jakks Pacific, Inc. (a)

  16,889     241,850

Polaris Industries, Inc.

  16,749     683,024

Pool Corp. (b)

  26,816     595,852

RC2 Corp. (a)

  10,877     154,997

Smith & Wesson Holding Corp. (a)

  32,012     167,423

Sturm Ruger & Co., Inc. (a) (b)

  11,619     150,350
       
      3,582,717
       

Life Sciences Tools & Services—1.1%

   

Accelrys, Inc.

  16,620     96,396

Affymetrix, Inc. (a)

  41,239     362,079

Albany Molecular Research, Inc. (a)

  13,735     118,945

AMAG Pharmaceuticals, Inc. (a) (b)

  9,530     416,270

Bruker Corp. (a)

  28,820     307,509

Cambrex Corp.

  18,193     114,616

Clinical Data, Inc. (b)

  8,228     137,161

Dionex Corp. (a)

  10,238     665,163

Enzo Biochem, Inc. (a)

  20,237     143,278

eResearch Technology, Inc. (a)

  26,533     185,731

Exelixis, Inc. (a) (b)

  59,194     377,658

Kendle International, Inc. (a)

  8,850     147,972

Luminex Corp. (a) (b)

  23,156     393,652

Medivation, Inc. (b)

  16,585     450,117

Nektar Therapeutics (a) (b)

  52,134     507,785

Parexel International Corp. (a)

  31,915     433,725

Sequenom, Inc. (a) (b)

  33,964     109,704

Varian, Inc. (a)

  16,540     844,532
       
      5,812,293
       

Machinery—2.7%

   

3D Systems Corp. (a)

  11,338     104,650

Actuant Corp.

  31,476     505,505

Albany International Corp. (Class A)

  19,528     378,843

Altra Holdings, Inc. (a)

  15,718     175,884

AMPCO-Pittsburgh Corp.

  5,636     149,861

Astec Industries, Inc. (a) (b)

  10,213     260,125

Badger Meter, Inc. (b)

  8,245     318,999

Barnes Group, Inc.

  26,953     460,627

Blount International, Inc. (a)

  22,297     211,153

Briggs & Stratton Corp. (b)

  27,870     540,957

 

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-168


Table of Contents

Metropolitan Series Fund, Inc.

 

Russell 2000 Index Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares   Value
   

Machinery—(Continued)

   

Cascade Corp.

  5,291   $ 141,481

Chart Industries, Inc. (a)

  18,382     396,867

China Fire & Security Group, Inc. (a) (b)

  8,361     160,531

Circor International, Inc.

  9,435     266,633

Clarcor, Inc. (b)

  29,155     914,301

Colfax Corp. (a)

  14,330     152,328

Columbus McKinnon Corp. (a)

  11,301     171,210

Dynamic Materials Corp.

  7,259     144,890

Energy Recovery, Inc. (a) (b)

  19,728     114,817

EnPro Industries, Inc. (a) (b)

  11,522     263,393

ESCO Technologies, Inc. (a)

  14,512     571,773

Federal Signal Corp.

  31,621     227,355

Flanders Corp. (a)

  10,085     52,039

Force Protection, Inc. (a)

  41,101     224,412

FreightCar America, Inc.

  7,047     171,242

Graham Corp.

  6,734     104,714

Greenbrier Cos., Inc.

  9,593     112,334

Hurco Cos., Inc. (a) (b)

  4,045     69,089

John Bean Technologies Corp.

  16,030     291,265

K-Tron International, Inc. (a)

  1,257     119,679

Kadant, Inc. (a)

  8,363     101,443

Kaydon Corp. (b)

  19,193     622,237

LB Foster Co. (a)

  5,476     167,456

Lindsay Corp. (b)

  6,769     266,563

Met-Pro Corp.

  10,588     102,598

Mueller Industries, Inc.

  20,876     498,310

Mueller Water Products, Inc.

  65,628     359,641

NACCO Industries, Inc.

  3,492     209,764

Nordson Corp. (b)

  18,827     1,056,006

PMFG, Inc. (a) (b)

  7,970     102,494

RBC Bearings, Inc. (a)

  14,425     336,535

Robbins & Myers, Inc.

  15,652     367,509

Sun Hydraulics Corp. (b)

  7,039     148,241

Tecumseh Products Co. (Class A) (a) (b)

  10,819     122,579

Tennant Co.

  10,316     299,783

The Eastern Co. (b)

  3,833     60,945

The Gorman-Rupp Co. (b)

  7,886     196,440

The Middleby Corp. (a) (b)

  10,171     559,507

Titan International, Inc. (b)

  22,213     197,696

Watts Water Technologies, Inc.

  16,457     497,824
       
      14,050,528
       

Marine—0.2%

   

American Commercial Lines, Inc. (a)

  5,019     146,153

Eagle Bulk Shipping, Inc. (b)

  30,187     154,859

Genco Shipping & Trading, Ltd. (a) (b)

  14,851     308,604

Horizon Lines, Inc. (b)

  18,475     117,316

International Shipholding Corp.

  4,053     124,873

TBS International, Ltd. (a) (b)

  8,294     72,158

Ultrapetrol Bahamas, Ltd. (a)

  13,369     65,776
       
      989,739
       

Media—0.8%

   

Arbitron, Inc.

  15,388     319,455

Ascent Media Corp. (a)

  8,366     214,169

Belo Corp. (Class A)

  55,926     302,560
Security Description   Shares   Value
   

Media—(Continued)

   

Cinemark Holdings, Inc.

  19,176   $ 198,663

CKX, Inc. (a)

  34,449     231,153

Dolan Media Co. (a)

  17,796     213,374

Global Sources, Ltd. (a)

  10,632     73,042

Harte-Hanks, Inc. (b)

  22,542     311,756

Knology, Inc. (a)

  16,629     162,133

Live Nation, Inc. (a)

  49,509     405,479

Mediacom Communications Corp. (a)

  23,034     132,676

National CineMedia, Inc.

  23,702     402,223

RCN Corp. (a)

  21,235     197,485

Rentrak Corp. (a)

  5,949     106,249

Scholastic Corp.

  13,469     327,835

Valassis Communications, Inc. (a)

  28,403     507,846

World Wrestling Entertainment, Inc. (b)

  13,534     189,611
       
      4,295,709
       

Metals & Mining—1.0%

   

A.M. Castle & Co.

  11,149     110,821

Allied Nevada Gold Corp. (a)

  23,240     227,520

AMCOL International Corp. (b)

  13,707     313,753

Brush Engineered Material, Inc. (a)

  12,873     314,874

Century Aluminum Co. (a) (b)

  26,994     252,394

Coeur d’Alene Mines Corp.

  41,672     854,276

General Moly, Inc. (a) (b)

  40,133     126,419

Haynes International, Inc. (a)

  6,653     211,698

Hecla Mining Co. (a)

  126,344     554,650

Horsehead Holding Corp. (a)

  21,087     247,140

Kaiser Aluminum Corp.

  8,985     326,695

Olympic Steel, Inc. (b)

  6,018     172,656

RTI International Metals, Inc. (a)

  14,086     350,882

Stillwater Mining Co. (a)

  24,452     164,317

U.S. Gold Corp. (a)

  48,446     140,009

Universal Stainless & Alloy (a)

  4,303     78,530

Worthington Industries, Inc. (b)

  36,120     502,068
       
      4,948,702
       

Multi-Utilities—0.5%

   

Avista Corp.

  31,199     630,844

Black Hills Corp. (b)

  21,422     539,191

CH Energy Group, Inc.

  8,804     390,105

NorthWestern Corp.

  20,030     489,333

PNM Resources, Inc.

  48,210     563,093
       
      2,612,566
       

Multiline Retail—0.3%

   

99 Cents Only Stores (a) (b)

  26,563     357,272

Dillard’s, Inc.

  31,186     439,722

Fred’s, Inc.

  22,557     287,151

Saks, Inc. (a) (b)

  69,952     477,073
       
      1,561,218
       

Oil, Gas & Consumable Fuels—3.0%

   

Apco Oil & Gas International, Inc. (b)

  5,622     128,856

Arena Resources, Inc. (a)

  21,511     763,641

Atlas Energy, Inc. (a)

  20,124     544,757

 

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-169


Table of Contents

Metropolitan Series Fund, Inc.

 

Russell 2000 Index Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares   Value
   

Oil, Gas & Consumable Fuels—(Continued)

   

ATP Oil & Gas Corp. (a) (b)

  18,136   $ 324,453

Berry Petroleum Co. (b)

  24,566     657,877

Bill Barrett Corp. (a) (b)

  22,062     723,413

BPZ Resources, Inc. (a) (b)

  48,087     361,614

Brigham Exploration Co. (a)

  49,306     447,698

Carrizo Oil & Gas, Inc. (a) (b)

  16,419     402,101

Cheniere Energy, Inc. (a) (b)

  34,100     99,913

Clayton Williams Energy, Inc. (a)

  3,590     108,131

Clean Energy Fuels Corp. (a)

  15,560     224,220

Contango Oil & Gas Co. (a)

  7,692     392,754

Crosstex Energy, Inc. (a)

  25,021     132,111

CVR Energy, Inc. (a)

  12,724     158,287

Delek U.S. Holdings, Inc.

  7,333     62,844

Delta Petroleum Corp. (a) (b)

  97,131     169,979

DHT Maritime, Inc. (b)

  25,976     97,670

Endeavour International Corp. (a) (b)

  74,302     89,905

Evergreen Energy, Inc. (a) (b)

  82,533     51,170

FX Energy, Inc. (a)

  27,420     88,567

General Maritime Corp. (b)

  25,744     199,259

GMX Resources, Inc. (a) (b)

  14,576     228,989

Golar LNG, Ltd.

  21,224     234,737

Goodrich Petroleum Corp. (a) (b)

  13,200     340,692

Gran Tierra Energy, Inc. (a)

  113,209     470,949

Gulfport Energy Corp. (a)

  16,059     140,356

Harvest Natural Resources, Inc. (a)

  22,532     115,589

International Coal Group, Inc. (a) (b)

  54,356     219,055

James River Coal Co. (a)

  16,011     305,970

Knightbridge Tankers, Ltd.

  10,435     136,072

McMoRan Exploration Co. (a) (b)

  36,659     276,775

Nordic American Tanker Shipping, Ltd. (b)

  24,121     713,499

Northern Oil & Gas, Inc. (a)

  14,670     123,228

Oilsands Quest, Inc. (a) (b)

  117,652     132,947

Panhandle Oil & Gas, Inc.

  5,102     108,979

Patriot Coal Corp. (a) (b)

  43,059     506,374

Penn Virginia Corp.

  26,208     600,425

Petroleum Development Corp. (a)

  9,706     181,114

PetroQuest Energy, Inc. (a) (b)

  28,823     187,061

Rex Energy Corp. (a)

  15,766     131,646

Rosetta Resources, Inc. (a)

  30,641     450,116

Ship Finance International, Ltd. (b)

  25,171     309,352

Stone Energy Corp. (a)

  25,747     419,934

Swift Energy Co. (a)

  20,750     491,360

Syntroleum Corp. (a) (b)

  39,738     107,293

Teekay Tankers, Ltd. (b)

  9,320     77,822

Toreador Resources Corp. (a)

  12,585     125,724

Uranium Energy Corp. (a) (b)

  28,977     85,482

USEC, Inc. (a) (b)

  63,922     299,794

Vaalco Energy, Inc. (a)

  40,432     185,987

Venoco, Inc. (a)

  11,262     129,626

W&T Offshore, Inc.

  20,128     235,699

Warren Resources, Inc. (a)

  29,190     86,402

Western Refining, Inc. (a)

  20,062     129,400

World Fuel Services Corp. (b)

  16,974     815,940
       
      15,333,608
       
Security Description   Shares   Value
   

Paper & Forest Products—0.6%

   

Buckeye Technologies, Inc. (a)

  23,451   $ 251,629

Clearwater Paper Corp. (a)

  7,604     314,273

Deltic Timber Corp. (b)

  6,001     274,666

Domtar Corp. (a) (b)

  24,031     846,372

Glatfelter

  25,902     297,355

KapStone Paper & Packaging Corp. (a)

  13,259     107,928

Louisiana-Pacific Corp. (a) (b)

  56,598     377,509

Neenah Paper, Inc.

  9,191     108,178

Schweitzer-Mauduit International, Inc.

  8,700     472,932

Wausau Paper Corp.

  26,829     268,290
       
      3,319,132
       

Personal Products—0.6%

   

American Oriental Bioengineering, Inc. (a) (b)

  36,348     176,651

Bare Escentuals, Inc. (a)

  38,822     461,594

Chattem, Inc. (a) (b)

  11,118     738,347

China Sky One Medical, Inc. (b)

  5,765     76,040

Elizabeth Arden, Inc. (a)

  14,516     170,853

Inter Parfums, Inc. (b)

  10,037     122,552

Medifast, Inc. (a) (b)

  7,972     173,152

Nu Skin Enterprises, Inc.

  27,860     516,246

Nutraceutical International Corp. (a)

  6,712     75,644

Prestige Brands Holdings, Inc. (a)

  16,107     113,393

Revlon, Inc. (a)

  13,115     63,739

USANA Health Sciences, Inc. (a)

  3,811     129,993
       
      2,818,204
       

Pharmaceuticals—1.3%

   

Ardea Biosciences, Inc. (a)

  8,657     158,596

ARYx Therapeutics, Inc. (a) (b)

  13,302     41,635

Auxilium Pharmaceuticals, Inc. (a) (b)

  24,466     836,982

Avanir Pharmaceuticals, Inc. (a) (b)

  37,697     78,410

BioMimetic Therapeutics, Inc. (a)

  10,648     130,012

Cadence Pharmaceuticals, Inc. (a) (b)

  14,478     160,127

Cypress Bioscience, Inc. (a)

  22,201     181,382

Depomed, Inc. (a)

  31,001     135,474

Discovery Laboratories, Inc. (a) (b)

  74,533     101,365

Durect Corp., Inc. (a)

  49,465     132,072

Impax Laboratories, Inc. (a)

  35,293     308,461

Inspire Pharmaceuticals, Inc. (a)

  31,755     165,761

ISTA Pharmaceuticals, Inc. (a)

  20,411     91,033

KV Pharmaceutical Co. (a) (b)

  23,318     71,586

Medicis Pharmaceutical Corp.

  33,811     721,865

Obagi Medical Products, Inc. (a)

  10,682     123,911

Optimer Pharmaceuticals, Inc. (a) (b)

  18,035     244,014

Pain Therapeutics, Inc. (a)

  19,603     99,191

Par Pharmaceutical Cos., Inc. (a)

  19,846     426,887

Pozen, Inc. (a)

  15,141     111,438

Questcor Pharmaceuticals, Inc. (a)

  30,322     167,377

Salix Pharmaceuticals, Ltd. (a) (b)

  26,940     572,744

Santarus, Inc. (a) (b)

  31,685     104,244

SuperGen, Inc. (a)

  36,774     98,187

The Medicines Co. (a)

  29,350     323,144

ViroPharma, Inc. (a)

  44,560     428,667

Vivus, Inc. (a) (b)

  40,734     425,670

XenoPort, Inc. (a)

  15,289     324,586
       
      6,764,821
       

 

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-170


Table of Contents

Metropolitan Series Fund, Inc.

 

Russell 2000 Index Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares   Value
   

Professional Services—1.6%

   

Acacia Research - Acacia Technologies (a) (b)

  18,592   $ 161,936

Administaff, Inc. (b)

  12,162     319,496

CBIZ, Inc. (a) (b)

  25,596     190,946

CDI Corp.

  7,746     108,831

CoStar Group, Inc. (a) (b)

  12,255     505,151

CRA International, Inc. (a)

  6,362     173,619

Diamond Management & Technology Consultants, Inc.

  15,824     108,394

Duff & Phelps Corp. (a)

  9,629     184,492

Exponent, Inc. (a)

  7,795     219,585

First Advantage Corp.

  7,503     139,181

GP Strategies Corp. (a)

  8,949     67,028

Heidrick & Struggles International, Inc.

  11,860     275,864

Hill International, Inc. (a)

  16,010     113,671

Huron Consulting Group, Inc. (a)

  12,415     320,679

ICF International, Inc. (a)

  4,800     145,536

Kelly Services, Inc. (Class A)

  17,549     215,853

Kforce, Inc. (a)

  18,129     217,911

Korn/Ferry International (a)

  26,107     380,901

MPS Group, Inc. (a)

  52,949     557,024

Navigant Consulting, Inc. (a)

  31,151     420,539

On Assignment, Inc. (a)

  20,637     120,726

Resources Connection, Inc. (a)

  25,492     434,894

School Specialty, Inc. (a)

  10,285     243,960

Spherion Corp. (a)

  30,053     186,629

The Advisory Board Co. (a)

  9,200     231,288

The Corporate Executive Board Co.

  19,831     493,792

TrueBlue, Inc. (a)

  25,162     354,029

VSE Corp.

  2,837     110,671

Watson Wyatt Worldwide, Inc.

  24,436     1,064,432
       
      8,067,058
       

Real Estate Investment Trusts—5.9%

   

Acadia Realty Trust

  22,237     335,112

Agree Realty Corp.

  4,326     99,195

Alexander’s, Inc. (a)

  1,140     337,303

American Campus Communities, Inc.

  28,972     777,898

American Capital Agency Corp.

  7,451     211,981

Anworth Mortgage Asset Corp.

  58,737     462,848

Ashford Hospitality Trust, Inc. (b)

  45,977     159,080

BioMed Realty Trust, Inc.

  54,459     751,534

CapLease, Inc. (b)

  26,927     108,516

Capstead Mortgage Corp.

  35,788     497,811

CBL & Associates Properties, Inc. (b)

  79,362     769,811

Cedar Shopping Centers, Inc.

  23,807     153,555

Cogdell Spencer, Inc.

  17,608     84,518

Colonial Properties Trust

  28,735     279,592

Cousins Properties, Inc. (b)

  42,379     350,898

Cypress Sharpridge Investments, Inc.

  8,467     120,231

DCT Industrial Trust, Inc.

  112,303     573,868

Developers Diversified Realty Corp. (b)

  79,701     736,437

DiamondRock Hospitality Co.

  62,158     503,480

DuPont Fabros Technology, Inc. (a)

  15,798     210,587

Dynex Capital, Inc.

  7,242     61,050

EastGroup Properties, Inc.

  13,951     533,207

Education Realty Trust, Inc.

  18,003     106,758
Security Description   Shares   Value
   

Real Estate Investment Trusts—(Continued)

   

Entertainment Properties Trust (b)

  19,485   $ 665,218

Equity Lifestyle Properties, Inc.

  15,138     647,755

Equity One, Inc. (b)

  21,357     334,664

Extra Space Storage, Inc.

  47,448     500,576

FelCor Lodging Trust, Inc. (a) (b)

  40,218     182,188

First Industrial Realty Trust, Inc. (b)

  24,149     126,782

First Potomac Realty Trust

  16,284     188,243

Franklin Street Properties Corp. (b)

  33,130     434,003

Getty Realty Corp.

  9,160     224,786

Gladstone Commercial Corp.

  5,368     73,434

Glimcher Realty Trust

  22,151     81,294

Government Properties Income Trust

  5,753     138,130

Hatteras Financial Corp. (b)

  20,816     624,064

Healthcare Realty Trust, Inc.

  32,901     695,198

Hersha Hospitality Trust

  25,342     78,560

Highwoods Properties, Inc.

  40,552     1,275,360

Home Properties, Inc. (b)

  18,908     814,746

Inland Real Estate Corp. (b)

  40,919     358,451

Investors Real Estate Trust

  32,420     293,077

iStar Financial, Inc. (b)

  59,243     180,099

Kilroy Realty Corp.

  24,833     688,867

Kite Realty Group Trust

  28,858     120,338

LaSalle Hotel Properties

  37,458     736,424

Lexington Realty Trust (b)

  51,481     262,553

LTC Properties, Inc.

  13,085     314,563

Medical Properties Trust, Inc.

  44,184     345,077

MFA Mortgage Investments, Inc.

  156,742     1,247,666

Mid-America Apartment Communities, Inc.

  15,758     711,159

Mission West Properties, Inc.

  12,528     84,313

Monmouth Real Estate Investment Corp. (b)

  13,822     96,201

National Health Investors, Inc.

  15,005     474,908

National Retail Properties, Inc.

  45,810     983,541

NorthStar Realty Finance Corp. (b)

  36,462     127,982

Omega Healthcare Investors, Inc.

  48,949     784,163

Parkway Properties, Inc.

  12,421     244,694

Pennsylvania Real Estate Investment Trust (b)

  21,798     165,883

Pennymac Mortgage Investment Trust (a)

  7,380     146,936

Post Properties, Inc.

  24,883     447,894

Potlatch Corp.

  22,006     626,071

PS Business Parks, Inc.

  10,027     514,586

Ramco-Gershenson Properties Trust

  11,167     99,610

Redwood Trust, Inc.

  44,500     689,750

Saul Centers, Inc.

  3,889     124,837

Sovran Self Storage, Inc.

  12,368     376,358

Starwood Property Trust, Inc.

  20,505     415,226

Sun Communities, Inc.

  9,482     204,053

Sunstone Hotel Investors, Inc.

  44,133     313,344

Tanger Factory Outlet Centers

  23,078     861,733

U-Store-It Trust

  46,640     291,500

Universal Health Realty Income Trust

  6,741     219,420

Urstadt Biddle Properties, Inc.

  12,686     185,089

Walter Investment Management Corp.

  10,680     171,094

Washington Real Estate Investment Trust (b)

  33,406     962,093

Winthrop Realty Trust

  6,380     62,141
       
      30,241,965
       

 

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-171


Table of Contents

Metropolitan Series Fund, Inc.

 

Russell 2000 Index Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares   Value
   

Real Estate Management & Development—0.2%

 

Avatar Holdings, Inc. (a)

  3,358   $ 63,802

China Housing & Land Development, Inc. (a)

  16,241     62,528

Consolidated-Tomoka Land Co. (b)

  3,138     120,185

Forestar Group, Inc. (a) (b)

  19,634     337,312

Tejon Ranch Co. (a) (b)

  7,567     194,321
       
      778,148
       

Road & Rail—1.0%

 

Amerco, Inc. (a)

  6,294     288,643

Arkansas Best Corp. (b)

  14,542     435,387

Avis Budget Group, Inc. (a) (b)

  59,874     799,917

Celadon Group, Inc. (a)

  13,384     151,373

Dollar Thrifty Automotive Group, Inc. (a) (b)

  13,161     323,629

Genesee & Wyoming, Inc. (a)

  21,252     644,361

Heartland Express, Inc. (b)

  29,653     427,003

Knight Transportation, Inc. (b)

  32,100     538,638

Marten Transport, Ltd. (a)

  8,816     150,401

Old Dominion Freight Line, Inc. (a)

  15,573     473,886

Patriot Transportation Holdings, Inc. (b)

  1,157     87,354

Saia, Inc. (a)

  7,036     113,139

Universal Truckload Services, Inc. (a)

  3,629     59,915

USA Truck, Inc. (a)

  4,800     60,960

Werner Enterprises, Inc. (b)

  23,989     446,915

YRC Worldwide, Inc. (a) (b)

  37,074     164,979
       
      5,166,500
       

Semiconductors & Semiconductor Equipment—3.8%

 

Actel Corp. (a)

  16,772     204,115

Advanced Analogic Technologies, Inc. (a)

  24,209     96,110

Advanced Energy Industries, Inc. (a)

  23,757     338,300

Amkor Technology, Inc. (a) (b)

  58,594     403,127

Anadigics, Inc. (a)

  35,789     168,566

Applied Micro Circuits Corp. (a)

  37,849     378,112

Atheros Communications, Inc. (a) (b)

  34,851     924,597

ATMI, Inc. (a)

  18,191     330,167

Brooks Automation, Inc. (a)

  36,289     280,514

Cabot Microelectronics Corp. (a)

  13,254     462,034

Cavium Networks, Inc. (a)

  20,774     446,018

Ceva, Inc. (a)

  14,170     152,327

Cirrus Logic, Inc. (a)

  36,678     203,930

Cohu, Inc.

  16,023     217,272

Cymer, Inc. (a)

  17,037     662,058

Diodes, Inc. (a)

  18,315     331,318

DSP Group, Inc. (a)

  13,388     108,978

Emcore Corp. (a) (b)

  43,383     56,398

Entegris, Inc. (a)

  66,045     326,923

Entropic Communications, Inc. (a)

  31,443     86,154

Exar Corp. (a)

  20,123     147,904

FEI Co. (a)

  20,566     506,952

FormFactor, Inc. (a)

  27,182     650,193

Hittite Microwave Corp. (a)

  12,250     450,555

Intellon Corp. (a)

  12,860     91,177

IXYS Corp. (a)

  13,771     117,191

Kopin Corp. (a)

  39,236     188,333

Kulicke & Soffa Industries, Inc. (a)

  32,332     194,962

Lattice Semiconductor Corp. (a)

  67,244     151,299
Security Description   Shares   Value
   

Semiconductors & Semiconductor Equipment—(Continued)

Micrel, Inc.

  25,706   $ 209,504

Microsemi Corp. (a)

  45,971     725,882

Microtune, Inc. (a)

  30,943     56,316

MIPS Technologies, Inc. (a)

  25,612     96,557

MKS Instruments, Inc. (a)

  28,003     540,178

Monolithic Power Systems, Inc. (a)

  19,382     454,508

NetLogic Microsystems, Inc. (a)

  10,349     465,705

OmniVision Technologies, Inc. (a)

  28,309     460,871

Pericom Semiconductor Corp. (a)

  16,354     160,433

Photronics, Inc. (a)

  25,047     118,723

PLX Technology, Inc. (a)

  19,623     66,130

Power Integrations, Inc. (b)

  13,319     443,922

RF Micro Devices, Inc. (a)

  151,807     824,312

Rubicon Technology, Inc. (a) (b)

  7,716     114,505

Rudolph Technologies, Inc. (a)

  18,288     135,331

Semitool, Inc. (a)

  13,992     118,232

Semtech Corp. (a)

  34,386     584,906

Sigma Designs, Inc. (a) (b)

  14,609     212,269

Silicon Image, Inc. (a)

  33,507     81,422

Silicon Storage Technology, Inc. (a)

  41,443     100,292

Skyworks Solutions, Inc. (a)

  95,397     1,263,056

Standard Microsystems Corp. (a)

  14,611     339,121

Supertex, Inc. (a) (b)

  6,854     205,620

Techwell, Inc. (a)

  8,975     98,545

Tessera Technologies, Inc. (a)

  27,229     759,417

Trident Microsystems, Inc. (a)

  37,557     97,273

TriQuint Semiconductor, Inc. (a)

  84,294     650,750

Ultratech, Inc. (a)

  15,771     208,650

Veeco Instruments, Inc. (a)

  17,629     411,108

Volterra Semiconductor Corp. (a)

  12,513     229,864

White Electronic Designs Corp. (a)

  13,766     63,599

Zoran Corp. (a)

  28,437     327,594
       
      19,300,179
       

Software—4.4%

   

ACI Worldwide, Inc. (a)

  19,206     290,587

Actuate Corp. (a)

  24,071     139,130

Advent Software, Inc. (a) (b)

  8,899     358,185

American Software, Inc.

  16,487     107,660

ArcSight, Inc. (a)

  10,639     256,081

Ariba, Inc. (a)

  47,673     553,007

Blackbaud, Inc.

  24,636     571,555

Blackboard, Inc. (a)

  17,217     650,458

Bottomline Technologies, Inc. (a)

  12,369     159,560

Commvault Systems, Inc. (a)

  23,929     496,527

Concur Technologies, Inc. (a) (b)

  23,980     953,445

DemandTec, Inc. (a) (b)

  13,832     122,137

Double-Take Software, Inc. (a)

  11,826     120,507

Ebix, Inc. (a) (b)

  4,266     236,166

Epicor Software Corp. (a)

  28,737     183,055

EPIQ Systems, Inc. (a) (b)

  19,790     286,955

Fair Isaac Corp. (b)

  27,275     586,140

FalconStor Software, Inc. (a)

  17,377     86,364

GSE Systems, Inc. (a)

  9,617     59,818

i2 Technologies, Inc. (a)

  8,649     138,730

Informatica Corp. (a)

  49,182     1,110,530

 

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-172


Table of Contents

Metropolitan Series Fund, Inc.

 

Russell 2000 Index Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares   Value
   

Software—(Continued)

Interactive Intelligence, Inc. (a)

  8,397   $ 160,467

Jack Henry & Associates, Inc.

  47,933     1,124,987

JDA Software Group, Inc. (a)

  14,479     317,669

Kenexa Corp. (a)

  15,403     207,632

Lawson Software, Inc. (a)

  78,688     491,013

Manhattan Associates, Inc. (a)

  12,581     254,136

Mentor Graphics Corp. (a)

  50,714     472,147

MicroStrategy, Inc. (Class A) (a)

  5,088     363,995

Monotype Imaging Holdings, Inc. (a)

  12,841     107,993

MSC.Software Corp. (a)

  27,127     228,138

Net 1 UEPS Technologies, Inc. (a)

  22,227     465,878

NetScout Systems, Inc. (a)

  14,099     190,477

NetSuite, Inc. (a)

  9,774     149,542

OpenTV Corp. (a)

  50,586     69,809

Opnet Technologies, Inc.

  9,341     102,097

Parametric Technology Corp. (a)

  64,025     884,825

Pegasystems, Inc. (b)

  10,030     346,336

Progress Software Corp. (a)

  23,135     524,008

PROS Holdings, Inc. (a)

  11,234     94,590

Quality Systems, Inc. (b)

  13,508     831,688

Quest Software, Inc. (a)

  34,167     575,714

Radiant Systems, Inc. (a)

  15,752     169,176

Rosetta Stone, Inc. (a) (b)

  3,683     84,562

Smith Micro Software, Inc. (a)

  18,686     230,959

SolarWinds, Inc. (a) (b)

  7,129     157,052

Solera Holdings, Inc. (a)

  39,599     1,231,925

Sourcefire, Inc. (a)

  14,391     308,975

SPSS, Inc. (a)

  9,983     498,651

SuccessFactors, Inc. (a) (b)

  21,395     301,028

Symyx Technologies (a)

  19,225     127,269

Synchronoss Technologies, Inc. (a)

  11,423     142,445

Take-Two Interactive Software, Inc. (a)

  45,955     515,156

Taleo Corp. (a)

  17,927     405,867

TeleCommunication Systems, Inc.

  22,959     191,937

THQ, Inc. (a)

  38,813     265,481

TIBCO Software, Inc. (a)

  97,329     923,652

TiVo, Inc. (a) (b)

  60,220     623,879

Tyler Technologies, Inc. (a) (b)

  19,804     338,450

Ultimate Software Group, Inc. (a) (b)

  13,790     396,049

Vasco Data Security International, Inc. (a)

  18,296     135,756
       
      22,478,007
       

Specialty Retail—3.3%

   

America’s Car-Mart, Inc. (b)

  7,441     178,212

AnnTaylor Stores Corp. (a) (b)

  34,485     547,967

Asbury Automotive Group, Inc.

  19,165     243,012

Bebe Stores, Inc.

  14,986     110,297

Big 5 Sporting Goods Corp.

  15,464     233,506

Borders Group, Inc. (a) (b)

  35,950     111,804

Brown Shoe Co., Inc. (b)

  26,195     210,084

Cabela’s, Inc. (a) (b)

  23,327     311,182

Cato Corp.

  15,629     317,112

Charlotte Russe Holding, Inc. (a)

  14,068     246,190

Charming Shoppes, Inc. (a) (b)

  68,171     334,720

Christopher & Banks Corp.

  20,680     140,004

Citi Trends, Inc. (a) (b)

  8,551     243,447
Security Description   Shares   Value
   

Specialty Retail—(Continued)

Coldwater Creek, Inc. (a) (b)

  34,146   $ 279,997

Collective Brands, Inc. (a)

  35,851     621,298

Conn’s, Inc. (a) (b)

  5,810     65,595

Dress Barn, Inc. (a) (b)

  25,315     453,898

DSW, Inc. (Class A) (a)

  9,118     145,614

Genesco, Inc. (a)

  10,893     262,195

Group 1 Automotive, Inc. (b)

  14,104     378,692

Gymboree Corp. (a)

  16,854     815,397

Haverty Furniture Cos., Inc. (b)

  10,391     122,718

hhgregg, Inc. (a) (b)

  7,296     123,594

Hibbett Sports, Inc. (a) (b)

  16,032     292,263

Hot Topic, Inc. (a)

  24,702     185,018

J. Crew Group, Inc. (a)

  28,944     1,036,774

Jo-Ann Stores, Inc. (a)

  16,930     454,232

Jos. A. Bank Clothiers, Inc. (a)

  10,216     457,370

Kirkland’s, Inc. (a)

  8,071     115,012

Lithia Motors, Inc. (a)

  10,676     166,439

Lumber Liquidators, Inc. (a)

  8,821     191,327

Midas, Inc. (a)

  10,186     95,748

Monro Muffler, Inc.

  9,251     294,089

OfficeMax, Inc.

  44,947     565,433

Pacific Sunwear of California, Inc. (a)

  49,093     252,829

Pier 1 Imports, Inc. (a) (b)

  52,821     204,417

Rent-A-Center, Inc. (a)

  37,256     703,393

Sally Beauty Holdings, Inc. (a) (b)

  53,088     377,456

Shoe Carnival, Inc. (a)

  5,485     84,579

Sonic Automotive, Inc. (a)

  14,515     152,407

Stage Stores, Inc.

  20,885     270,670

Stein Mart, Inc. (a) (b)

  15,504     197,056

Systemax, Inc. (a) (b)

  7,935     96,252

The Buckle, Inc. (b)

  14,781     504,623

The Children’s Place Retail Stores, Inc. (a) (b)

  13,140     393,674

The Finish Line, Inc. (Class A) (a)

  24,364     247,538

The Men’s Wearhouse, Inc. (b)

  28,904     713,929

The Pep Boys-Manny, Moe & Jack

  28,658     279,989

The Talbots, Inc. (a)

  15,364     141,810

The Wet Seal, Inc. (a)

  58,064     219,482

Tractor Supply Co. (a) (b)

  20,616     998,227

Tween Brands, Inc. (a)

  15,872     133,166

Ulta Salon Cosmetics & Fragrance, Inc. (a)

  16,680     275,387

Zumiez, Inc. (a) (b)

  13,421     220,239
       
      16,817,363
       

Textiles, Apparel & Luxury Goods—2.2%

   

American Apparel, Inc. (a) (b)

  19,736     69,273

Carter’s, Inc. (a)

  33,765     901,525

Cherokee, Inc. (b)

  4,506     108,009

Columbia Sportswear Co.

  7,050     290,178

CROCS, Inc. (a)

  50,298     334,482

Deckers Outdoor Corp. (a)

  7,325     621,526

FGX International Holdings, Ltd. (a) (b)

  9,825     137,059

Fossil, Inc. (a)

  27,050     769,573

Fuqi International, Inc. (a) (b)

  6,095     178,462

G-III Apparel Group, Ltd. (a)

  8,116     114,841

Iconix Brand Group, Inc. (a)

  41,057     511,981

Jones Apparel Group, Inc.

  49,417     886,047

 

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-173


Table of Contents

Metropolitan Series Fund, Inc.

 

Russell 2000 Index Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares   Value
   

Textiles, Apparel & Luxury Goods—(Continued)

K-Swiss, Inc. (b)

  14,979   $ 131,665

Liz Claiborne, Inc. (a) (b)

  57,287     282,425

lululemon athletica, inc. (a)

  23,831     542,155

Maidenform Brands, Inc. (a)

  14,280     229,337

Movado Group, Inc. (a)

  10,013     145,489

Oxford Industries, Inc. (b)

  8,566     168,750

Quiksilver, Inc. (a)

  77,637     213,502

Skechers U.S.A., Inc. (a)

  21,712     372,144

Steven Madden, Ltd. (a)

  9,983     367,474

The Warnaco Group, Inc. (a)

  26,292     1,153,167

Timberland Co. (Class A) (a)

  26,846     373,696

True Religion Apparel, Inc. (a)

  14,864     385,424

Under Armour, Inc. (a) (b)

  18,492     514,632

UniFirst Corp.

  8,113     360,623

Volcom, Inc. (a) (b)

  12,211     201,237

Weyco Group, Inc. (b)

  5,240     119,996

Wolverine World Wide, Inc.

  27,831     691,322
       
      11,175,994
       

Thrifts & Mortgage Finance—1.4%

   

Abington Bancorp, Inc.

  12,336     95,481

Astoria Financial Corp.

  49,458     546,016

Bank Mutual Corp.

  27,281     241,164

BankFinancial Corp.

  11,879     113,801

Beneficial Mutual Bancorp, Inc. (a)

  22,606     206,393

Berkshire Hill Bancorp, Inc.

  7,472     163,936

Brookline Bancorp, Inc.

  32,815     318,962

Clifton Savings Bancorp, Inc.

  7,385     72,373

Danvers Bancorp, Inc. (b)

  12,056     163,841

Dime Community Bancshares

  15,501     177,176

ESB Financial Corp.

  5,713     76,497

ESSA Bancorp, Inc.

  8,799     116,235

First Defiance Financial Corp.

  5,206     77,622

First Financial Holdings, Inc. (b)

  6,397     102,160

First Financial Northwest, Inc. (b)

  10,708     62,321

Flushing Financial Corp.

  12,920     147,288

Home Federal Bancorp, Inc.

  10,146     115,867

Kearny Financial Corp. (b)

  11,434     119,142

MGIC Investment Corp. (a) (b)

  72,941     540,493

NewAlliance Bancshares, Inc.

  60,546     647,842

Northwest Bancorp, Inc.

  11,002     251,286

OceanFirst Financial Corp. (b)

  6,649     77,128

Ocwen Financial Corp. (a)

  31,455     356,071

Oritani Financial Corp. (a)

  9,458     129,007

Provident Financial Services, Inc.

  33,586     345,600

Provident New York Bancorp

  20,537     196,128

Radian Group, Inc.

  49,247     521,033

Rockville Financial, Inc.

  5,307     57,050

Roma Financial Corp.

  6,169     76,681

The PMI Group, Inc. (a) (b)

  44,923     190,923

TrustCo Bank Corp. (b)

  42,029     262,681

United Financial Bancorp, Inc.

  9,478     109,755

ViewPoint Financial Group (b)

  7,611     106,858

Westfield Financial, Inc.

  22,291     188,805

WSFS Financial Corp.

  4,144     110,396
       
      7,084,012
       
Security Description   Shares   Value
   

Tobacco—0.2%

   

Alliance One International, Inc. (a) (b)

  51,865   $ 232,355

Universal Corp. (b)

  14,179     592,966

Vector Group, Ltd. (b)

  22,446     349,706
       
      1,175,027
       

Trading Companies & Distributors—0.8%

   

Aceto Corp.

  18,035     119,031

Aircastle, Ltd.

  24,542     237,321

Applied Industrial Technologies, Inc.

  23,703     501,555

Beacon Roofing Supply, Inc. (a)

  24,991     399,356

DXP Enterprises, Inc. (a) (b)

  5,432     60,567

H&E Equipment Services, Inc. (a)

  16,345     185,189

Houston Wire & Cable Co. (b)

  10,450     115,472

Interline Brands, Inc. (a)

  18,029     303,789

Kaman Corp. (b)

  14,024     308,247

RSC Holdings, Inc. (a) (b)

  32,853     238,841

Rush Enterprises, Inc. (a)

  19,917     257,328

TAL International Group, Inc. (b)

  8,589     122,136

Textainer Group Holdings, Ltd. (b)

  5,684     91,001

Titan Machinery, Inc. (a) (b)

  8,157     102,126

United Rentals, Inc. (a)

  35,317     363,765

Watsco, Inc.

  15,237     821,427
       
      4,227,151
       

Water Utilities—0.3%

   

American State Water Co.

  10,586     383,001

Artesian Resources Corp. (b)

  3,726     62,671

Cadiz, Inc. (a) (b)

  7,887     92,278

California Water Service Group

  10,941     426,043

Connecticut Water Service, Inc.

  5,731     128,317

Consolidated Water Co., Inc. (b)

  8,783     143,426

Middlesex Water Co.

  8,945     134,891

Pennichuck Corp.

  2,557     55,640

SJW Corp.

  7,394     168,953

Southwest Water Co.

  14,142     69,579

York Water Co.

  6,695     92,793
       
      1,757,592
       

Wireless Telecommunication Services—0.3%

   

Centennial Communications Corp. (b)

  48,612     387,924

iPCS, Inc. (a)

  9,739     169,459

Renasant Corp. (b)

  12,711     188,758

Syniverse Holdings, Inc. (a)

  39,086     684,005

USA Mobility, Inc. (a)

  13,071     168,354

Virgin Mobile USA, Inc. (a)

  22,433     112,165
       
      1,710,665
       

Total Common Stock
(Identified Cost $573,204,797)

      505,209,801
       
Mutual Funds—0.5%          

Exchange Traded Funds—0.5%

 

iShares Russell 2000 Index Fund (b)

  41,600     2,505,568
       

Total Mutual Funds
(Identified Cost $2,348,305)

      2,505,568
       

 

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-174


Table of Contents

Metropolitan Series Fund, Inc.

 

Russell 2000 Index Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Short Term Investments—17.0%

 

Security Description   Shares/Par
Amount
  Value  
   

Discount Notes—1.3%

   

Federal Home Loan Bank
0.010%, 10/28/09

  $ 2,900,000   $ 2,899,848   

Federal Home Loan Mortgage Corp.
0.010%, 11/16/09

    3,750,000     3,749,113   
         
      6,648,961   
         

Mutual Funds—15.7%

   

State Street Navigator Securities Lending Prime Portfolio (d)

    80,951,807     80,951,807   
         

Total Short Term Investments
(Identified Cost $87,600,768)

      87,600,768   
         

Total Investments—115.8%
(Identified Cost $663,153,870) (e)

      595,316,137   

Liabilities in excess of other assets

      (81,343,081
         
Net Assets—100%     $ 513,973,056   
         

 

(a) Non-Income Producing.
(b) All or a portion of the security was on loan. As of September 30, 2009, the market value of securities loaned was $77,946,498 and the collateral received consisted of cash in the amount of $80,951,807 and non-cash collateral with a value of $353,345. 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) Zero Valued Security.
(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, 2009 was $664,124,534 and the composition of unrealized appreciation and depreciation of investment securities was $50,389,513 and $(119,197,910), respectively.
Futures Contracts

Futures Contracts-Long

   Counterparty    Expiration
Date
   Number of
Contracts
   Contract
Amount
   Valuation as of
9/30/2009
   Net Unrealized
Appreciation

Russell 2000 Mini Index Futures

   Morgan Stanley    12/18/2009    97    $ 5,731,041    $ 5,849,100    $ 118,059
                     

 

VALUATION INPUTS

 

The Portfolio is subject to the provisions of the Statement of Financial Accounting Standards No. 157, Fair Value Measurements (“FAS 157”). FAS 157 establishes a framework for measuring fair value and expands disclosures about fair value measurements in 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 Portfolio’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 investments as of September 30, 2009:

 

Description    Level 1    Level 2    Level 3    Total

Total Common Stock

   $ 505,209,801    $ —      $ —      $ 505,209,801
Short Term Investments            

Discount Notes

     —        6,648,961      —        6,648,961

Mutual Funds

     80,951,807      —        —        80,951,807

Total Short Term Investments

     80,951,807      6,648,961      —        87,600,768

Total Exchange Traded Funds

     2,505,568      —        —        2,505,568

Total Investments

   $ 588,358,715    $ 6,648,961    $ 308,461    $ 595,316,137
                             
Futures Contracts*            

Futures Contracts Long (Appreciation)

   $ 118,059    $ —      $ —      $ 118,059
                             

 

* Derivative instruments such as forwards, futures, swap contracts and written options 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-175


Table of Contents

Metropolitan Series Fund, Inc.

 

T. Rowe Price Large Cap Growth Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—99.4% of Net Assets

 

 

Security Description   Shares   Value
   

Aerospace & Defense—1.2%

   

Lockheed Martin Corp.

  43,000   $ 3,357,440

Precision Castparts Corp.

  57,700     5,877,899
       
      9,235,339
       

Air Freight & Logistics—1.3%

   

Expeditors International of Washington, Inc.

  138,500     4,868,275

United Parcel Service, Inc. (Class B)

  82,406     4,653,467
       
      9,521,742
       

Beverages—1.6%

   

PepsiCo, Inc.

  199,500     11,702,670
       

Biotechnology—2.5%

   

Celgene Corp. (a)

  72,300     4,041,570

Gilead Sciences, Inc. (a)

  313,800     14,616,804
       
      18,658,374
       

Capital Markets—6.4%

   

BlackRock, Inc. (b)

  11,700     2,536,794

Franklin Resources, Inc.

  38,600     3,883,160

Invesco, Ltd.

  327,500     7,453,900

Morgan Stanley

  154,000     4,755,520

Northern Trust Corp.

  92,200     5,362,352

State Street Corp.

  180,500     9,494,300

The Charles Schwab Corp.

  246,300     4,716,645

The Goldman Sachs Group, Inc.

  49,800     9,180,630
       
      47,383,301
       

Chemicals—2.2%

   

Monsanto Co.

  82,200     6,362,280

Praxair, Inc.

  124,000     10,129,560
       
      16,491,840
       

Commercial Banks—1.9%

   

PNC Financial Services Group, Inc.

  90,300     4,387,677

U.S. Bancorp

  190,800     4,170,888

Wells Fargo & Co.

  202,500     5,706,450
       
      14,265,015
       

Commercial Services & Supplies—0.6%

   

Republic Services, Inc.

  155,600     4,134,292
       

Communications Equipment—4.3%

   

Cisco Systems, Inc. (a)

  417,000     9,816,180

Juniper Networks, Inc. (a)

  235,300     6,357,806

QUALCOMM, Inc.

  347,400     15,626,052
       
      31,800,038
       

Computers & Peripherals—6.1%

   

Apple, Inc. (a)

  230,300     42,690,711

Toshiba Corp. (JPY)

  520,000     2,712,541
       
      45,403,252
       
Security Description   Shares   Value
   

Construction & Engineering—0.1%

   

Quanta Services, Inc. (a) (b)

  49,700   $ 1,099,861
       

Consumer Finance—0.8%

   

American Express Co.

  182,700     6,193,530
       

Diversified Consumer Services—0.6%

   

Apollo Group, Inc. (Class A) (a)

  56,100     4,132,887
       

Diversified Financial Services—3.2%

   

Bank of America Corp.

  442,200     7,482,024

IntercontinentalExchange, Inc. (a)

  43,400     4,218,046

JPMorgan Chase & Co.

  272,600     11,945,332
       
      23,645,402
       

Electronic Equipment, Instruments & Components—0.7%

Dolby Laboratories, Inc. (Class A) (a) (b)

  132,400     5,056,356
       

Energy Equipment & Services—2.9%

   

Cameron International Corp. (a)

  133,500     5,048,970

Schlumberger, Ltd.

  208,500     12,426,600

Smith International, Inc. (b)

  142,100     4,078,270
       
      21,553,840
       

Food & Staples Retailing—2.7%

   

Costco Wholesale Corp.

  107,800     6,086,388

CVS Caremark Corp.

  188,390     6,733,059

Wal-Mart Stores, Inc.

  154,200     7,569,678
       
      20,389,125
       

Food Products—0.7%

   

Nestle S.A. (CHF)

  114,660     4,885,004
       

Health Care Equipment & Supplies—2.3%

   

Covidien, Plc.

  50,750     2,195,445

Intuitive Surgical, Inc. (a)

  28,030     7,350,867

St. Jude Medical, Inc. (a)

  103,900     4,053,139

Stryker Corp.

  85,400     3,879,722
       
      17,479,173
       

Health Care Providers & Services—6.9%

   

Express Scripts, Inc. (a)

  182,100     14,127,318

McKesson Corp.

  126,400     7,527,120

Medco Health Solutions, Inc. (a)

  445,900     24,662,729

WellPoint, Inc. (a)

  115,700     5,479,552
       
      51,796,719
       

Hotels, Restaurants & Leisure—2.5%

   

Carnival Corp. (a)

  55,000     1,830,400

Marriott International, Inc. (b)

  149,686     4,129,837

MGM Mirage (a)

  175,100     2,108,204

Starbucks Corp. (a)

  296,100     6,114,465

Wynn Macau, Ltd. (HKD) (a)

  750,000     975,477

Yum! Brands, Inc.

  113,200     3,821,632
       
      18,980,015
       

 

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-176


Table of Contents

Metropolitan Series Fund, Inc.

 

T. Rowe Price Large Cap Growth Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—(Continued)

 

 

Security Description   Shares   Value
   

Household Products—1.5%

   

Procter & Gamble Co.

  194,605   $ 11,271,522
       

Industrial Conglomerates—0.9%

   

3M Co.

  58,700     4,332,060

McDermott International, Inc. (a)

  85,100     2,150,477
       
      6,482,537
       

Internet & Catalog Retail—5.3%

   

Amazon.com, Inc. (a)

  326,600     30,491,376

Expedia, Inc. (a) (b)

  226,045     5,413,778

priceline.com, Inc. (a) (b)

  23,500     3,896,770
       
      39,801,924
       

Internet Software & Services—5.4%

   

Google, Inc. (Class A) (a)

  66,500     32,974,025

Tencent Holdings, Ltd. (HKD)

  455,400     7,369,642
       
      40,343,667
       

IT Services—7.0%

   

Accenture, Ltd. (Class A)

  4,400     163,988

Accenture, Plc.

  185,200     6,902,404

Automatic Data Processing, Inc.

  120,800     4,747,440

Cia Brasileira de Meios de Pagamento S.A. (BRL) (a)

  548,000     5,428,892

MasterCard, Inc. (b)

  39,700     8,025,355

The Western Union Co.

  510,500     9,658,660

Visa, Inc.

  244,800     16,918,128
       
      51,844,867
       

Life Sciences Tools & Services—0.2%

   

Illumina, Inc. (a) (b)

  34,800     1,479,000
       

Machinery—3.9%

   

Danaher Corp. (b)

  331,000     22,282,920

Deere & Co.

  57,600     2,472,192

PACCAR, Inc. (b)

  117,500     4,430,925
       
      29,186,037
       

Media—1.5%

   

The McGraw-Hill Cos., Inc.

  301,500     7,579,710

The Walt Disney Co.

  120,400     3,306,184
       
      10,885,894
       

Metals & Mining—0.9%

   

Agnico-Eagle Mines, Ltd.

  9,500     644,575

BHP Billiton, Ltd. (AUD)

  176,700     5,838,806
       
      6,483,381
       

Multiline Retail—0.8%

   

Dollar Tree, Inc. (a)

  49,600     2,414,528

Kohl’s Corp. (a)

  61,200     3,491,460
       
      5,905,988
       
Security Description   Shares   Value
   

Oil, Gas & Consumable Fuels—4.0%

   

EOG Resources, Inc.

  59,200   $ 4,943,792

Exxon Mobil Corp.

  98,816     6,779,766

Murphy Oil Corp.

  60,900     3,506,013

Petroleo Brasileiro S.A. (ADR)

  245,200     9,638,812

Suncor Energy, Inc.

  147,800     5,107,968
       
      29,976,351
       

Pharmaceuticals—2.5%

   

Allergan, Inc.

  167,200     9,490,272

Elan Corp., Plc. (ADR) (a)

  280,700     1,995,777

Novo Nordisk A/S (DKK)

  42,900     2,693,376

Teva Pharmaceutical Industries, Ltd. (ADR)

  94,600     4,782,976
       
      18,962,401
       

Road & Rail—0.2%

   

Union Pacific Corp.

  25,700     1,499,595
       

Semiconductors & Semiconductor Equipment—2.4%

 

Broadcom Corp. (a)

  133,400     4,094,046

Intel Corp.

  175,900     3,442,363

Marvell Technology Group, Ltd. (a)

  474,900     7,688,631

Samsung Electronics Co., Ltd. (KRW)

  3,385     2,333,871
       
      17,558,911
       

Software—3.9%

   

Autodesk, Inc. (a)

  180,400     4,293,520

McAfee, Inc. (a)

  185,600     8,127,424

Microsoft Corp.

  500,400     12,955,356

Salesforce.com, Inc. (a) (b)

  67,400     3,837,082
       
      29,213,382
       

Specialty Retail—2.6%

   

AutoZone, Inc. (a)

  63,100     9,226,482

Carmax, Inc. (a)

  83,800     1,751,420

Lowe’s Cos., Inc.

  261,100     5,467,434

O’Reilly Automotive, Inc. (a) (b)

  72,400     2,616,536
       
      19,061,872
       

Textiles, Apparel & Luxury Goods—0.8%

   

Nike, Inc. (b)

  95,300     6,165,910
       

Trading Companies & Distributors—0.1%

   

Fastenal Co. (b)

  19,700     762,390
       

Wireless Telecommunication Services—4.0%

 

American Tower Corp. (Class A) (a)

  315,000     11,466,000

Crown Castle International Corp. (a) (b)

  478,178     14,995,662

Leap Wireless International, Inc. (a) (b)

  75,700     1,479,935

MetroPCS Communications, Inc. (a) (b)

  188,700     1,766,232
       
      29,707,829
       

Total Common Stock
(Identified Cost $681,920,762)

      740,401,233
       

 

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-177


Table of Contents

Metropolitan Series Fund, Inc.

 

T. Rowe Price Large Cap Growth Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Short Term Investments—5.9%

 

 

Security Description   Shares   Value  

Mutual Funds—5.9%

   

State Street Navigator Securities Lending Prime Portfolio (c)

  38,821,478   $ 38,821,478   

T. Rowe Price Reserve Investment Fund (d)

  5,329,159     5,329,159   
         

Total Short Term Investments
(Identified Cost $44,150,637)

      44,150,637   
         

Total Investments—105.3%
(Identified Cost $726,071,399) (e)

      784,551,870   

Liabilities in excess of other assets

      (39,415,522
         
Net Assets—100%     $ 745,136,348   
         

 

(a) Non-Income Producing.
(b) All or a portion of the security was on loan. As of September 30, 2009, the market value of securities loaned was $38,263,924 and the collateral received consisted of cash in the amount of $38,821,478. 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) Affiliated Issuer. See below.
(e) The aggregate cost of investments for federal income tax purposes as of September 30, 2009 was $726,071,399 and the composition of unrealized appreciation and depreciation of investment securities was $91,170,419 and $ (32,689,948), 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
(CHF)— Swiss Franc
(DKK)— Danish Krone
(HKD)— Hong Kong Dollar
(JPY)— Japanese Yen
(KRW)— South Korean Won
Affiliated Issuer

Security Description

  Number of Shares
Held at
12/31/2008
  Shares Purchased
Since
12/31/2008
  Shares Sold
Since
12/31/2008
  Number of Shares
9/30/2009
  Realized
Gain/Loss on
Shares Sold
  Income for
Period Ended
09/30/2009

T. Rowe Price Reserve Investment Fund

  15,889,577   88,926,262   99,486,680   5,329,159   $ 0   $ 26,759

 

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-178


Table of Contents

Metropolitan Series Fund, Inc.

 

T. Rowe Price Large Cap Growth Portfolio

 

 

 

VALUATION INPUTS

 

The Portfolio is subject to the provisions of the Statement of Financial Accounting Standards No. 157, Fair Value Measurements (“FAS 157”). FAS 157 establishes a framework for measuring fair value and expands disclosures about fair value measurements in financial statements. The three levels of the hierarchy under FAS 157 are described bellow:

 

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 Portfolio’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 investments as of September 30, 2009:

 

Description    Level 1    Level 2    Level 3    Total
Common Stock            

Aerospace & Defense

   $ 9,235,339    $ —      $ —      $ 9,235,339

Air Freight & Logistics

     9,521,742      —        —        9,521,742

Beverages

     11,702,670      —        —        11,702,670

Biotechnology

     18,658,374      —        —        18,658,374

Capital Markets

     47,383,301      —        —        47,383,301

Chemicals

     16,491,840      —        —        16,491,840

Commercial Banks

     14,265,015      —        —        14,265,015

Commercial Services & Supplies

     4,134,292      —        —        4,134,292

Communications Equipment

     31,800,038      —        —        31,800,038

Computers & Peripherals

     42,690,711      2,712,541      —        45,403,252

Construction & Engineering

     1,099,861      —        —        1,099,861

Consumer Finance

     6,193,530      —        —        6,193,530

Diversified Consumer Services

     4,132,887      —        —        4,132,887

Diversified Financial Services

     23,645,402      —        —        23,645,402

Electronic Equipment, Instruments & Components

     5,056,356      —        —        5,056,356

Energy Equipment & Services

     21,553,840      —        —        21,553,840

Food & Staples Retailing

     20,389,125      —        —        20,389,125

Food Products

     —        4,885,004      —        4,885,004

Health Care Equipment & Supplies

     17,479,173      —        —        17,479,173

Health Care Providers & Services

     51,796,719      —        —        51,796,719

Hotels, Restaurants & Leisure

     18,004,538      975,477      —        18,980,015

Household Products

     11,271,522      —        —        11,271,522

Industrial Conglomerates

     6,482,537      —        —        6,482,537

Internet & Catalog Retail

     39,801,924      —        —        39,801,924

Internet Software & Services

     32,974,025      7,369,642      —        40,343,667

IT Services

     46,415,975      5,428,892      —        51,844,867

Life Sciences Tools & Services

     1,479,000      —        —        1,479,000

Machinery

     29,186,037      —        —        29,186,037

Media

     10,885,894      —        —        10,885,894

Metals & Mining

     644,575      5,838,806      —        6,483,381

Multiline Retail

     5,905,988      —        —        5,905,988

Oil, Gas & Consumable Fuels

     29,976,351      —        —        29,976,351

Pharmaceuticals

     16,269,025      2,693,376      —        18,962,401

Road & Rail

     1,499,595      —        —        1,499,595

Semiconductors & Semiconductor Equipment

     15,225,040      2,333,871      —        17,558,911

Software

     29,213,382      —        —        29,213,382

Specialty Retail

     19,061,872      —        —        19,061,872

Textiles, Apparel & Luxury Goods

     6,165,910      —        —        6,165,910

Trading Companies & Distributors

     762,390      —        —        762,390

Wireless Telecommunication Services

     29,707,829      —        —        29,707,829

Total Common Stock

     708,163,624      32,237,609      —        740,401,233
Short Term Investments            

Mutual Funds

     44,150,637      —        —        44,150,637

Total Investments

   $ 752,314,261    $ 32,237,609    $ —      $ 784,551,870
                             

 

MSF-179


Table of Contents

Metropolitan Series Fund, Inc.

 

T. Rowe Price Small Cap Growth Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—99.8% of Net Assets

 

 

Security Description   Shares   Value
   

Aerospace & Defense—1.6%

   

DynCorp International, Inc. (a)

  45,400   $ 817,200

Esterline Technologies Corp. (a)

  31,200     1,223,352

GenCorp, Inc. (a)

  111,800     599,248

Heico Corp. (Class A)

  16,200     549,342

TransDigm Group, Inc. (a)

  48,700     2,425,747

Triumph Group, Inc. (b)

  14,100     676,659
       
      6,291,548
       

Air Freight & Logistics—0.9%

   

HUB Group, Inc. (Class A) (a)

  70,000     1,599,500

UTi Worldwide, Inc.

  139,900     2,025,752
       
      3,625,252
       

Airlines—0.3%

   

Allegiant Travel Co. (a) (b)

  29,800     1,135,082

Skywest, Inc.

  16,700     276,886
       
      1,411,968
       

Auto Components—0.5%

   

Gentex Corp.

  47,200     667,880

Tenneco, Inc. (a)

  40,600     529,424

TRW Automotive Holdings Corp. (a)

  51,300     859,275
       
      2,056,579
       

Beverages—0.3%

   

The Boston Beer Co., Inc. (a)

  28,787     1,067,422
       

Biotechnology—5.8%

   

Acorda Therapeutics, Inc. (a)

  22,700     528,456

Affymax, Inc. (a) (b)

  9,800     234,122

Alexion Pharmaceuticals, Inc. (a)

  57,500     2,561,050

Alkermes, Inc. (a)

  67,800     623,082

Allos Therapeutics, Inc. (a) (b)

  26,800     194,300

Alnylam Pharmaceuticals, Inc. (a) (b)

  26,000     589,680

Amicus Therapeutics, Inc. (a) (b)

  6,500     56,875

Array Biopharma, Inc. (a) (b)

  33,400     79,492

BioMarin Pharmaceutical, Inc. (a) (b)

  83,200     1,504,256

Cepheid (a) (b)

  39,100     516,902

Cubist Pharmaceuticals, Inc. (a)

  41,400     836,280

Human Genome Sciences, Inc. (a)

  119,500     2,248,990

Idenix Pharmaceuticals, Inc. (a) (b)

  26,100     80,649

Incyte Corp., Ltd. (a) (b)

  268,400     1,811,700

InterMune, Inc. (a) (b)

  26,500     422,145

Isis Pharmaceuticals, Inc. (a) (b)

  20,100     292,857

Lexicon Pharmaceuticals, Inc. (a) (b)

  75,400     160,602

Martek Biosciences Corp. (a)

  21,900     494,721

Momenta Pharmaceuticals, Inc. (a)

  28,100     298,141

Myriad Genetics, Inc. (a)

  45,800     1,254,920

Myriad Pharmaceuticals, Inc. (a) (b)

  10,625     62,262

Onyx Pharmaceuticals, Inc. (a)

  43,800     1,312,686

OSI Pharmaceuticals, Inc. (a) (b)

  43,800     1,546,140

PDL BioPharma, Inc. (a) (b)

  68,200     537,416

Pharmasset, Inc. (a) (b)

  18,900     399,546

Regeneron Pharmaceuticals, Inc. (a)

  61,800     1,192,740

Rigel Pharmaceuticals, Inc. (a)

  8,700     71,340
Security Description   Shares   Value
   

Biotechnology—(Continued)

   

Seattle Genetics, Inc. (a) (b)

  60,200   $ 844,606

Senomyx, Inc. (a) (b)

  67,300     271,219

Theravance, Inc. (a) (b)

  29,000     424,560

United Therapeutics Corp. (a) (b)

  34,600     1,695,054

Zymogenetics, Inc. (a)

  34,040     205,602
       
      23,352,391
       

Building Products—0.0%

   

Builders FirstSource, Inc. (a) (b)

  42,900     187,044
       

Capital Markets—2.3%

   

Affiliated Managers Group, Inc. (a) (b)

  40,549     2,636,090

Cohen & Steers, Inc. (b)

  12,500     300,000

E*Trade Financial Corp. (a)

  281,100     491,925

Greenhill & Co., Inc.

  16,800     1,504,944

Knight Capital Group, Inc. (a)

  64,300     1,398,525

optionsXpress Holdings, Inc.

  31,900     551,232

Penson Worldwide, Inc. (a)

  21,700     211,358

RiskMetrics Group, Inc. (a) (b)

  61,300     896,206

Stifel Financial Corp. (a) (b)

  20,900     1,147,410
       
      9,137,690
       

Chemicals—1.9%

   

Airgas, Inc.

  27,600     1,335,012

Intrepid Potash, Inc. (a) (b)

  40,500     955,395

Koppers Holdings, Inc.

  41,000     1,215,650

Nalco Holding Co.

  68,700     1,407,663

The Scotts Miracle-Gro Co.

  22,200     953,490

W.R. Grace & Co. (a)

  75,800     1,647,892
       
      7,515,102
       

Commercial Banks—1.6%

   

Glacier Bancorp, Inc. (b)

  65,100     972,594

Pinnacle Financial Partners, Inc. (a) (b)

  46,700     593,557

Signature Bank (a)

  63,000     1,827,000

SVB Financial Group (a) (b)

  40,000     1,730,800

Texas Capital Bancshares, Inc. (a)

  71,100     1,197,324
       
      6,321,275
       

Commercial Services & Supplies—1.7%

   

American Ecology Corp.

  25,900     484,330

Cenveo, Inc. (a) (b)

  129,600     896,832

Clean Harbors, Inc. (a)

  20,600     1,158,956

Rollins, Inc.

  40,700     767,195

The Brink’s Co.

  32,200     866,502

Waste Connections, Inc. (a)

  89,200     2,574,312
       
      6,748,127
       

Communications Equipment—4.5%

   

Adtran, Inc. (b)

  59,900     1,470,545

Arris Group, Inc. (a)

  89,200     1,160,492

Avocent Corp. (a)

  29,425     596,445

Blue Coat Systems, Inc. (a)

  77,500     1,750,725

Brocade Communications Systems, Inc. (a) (b)

  184,800     1,452,528

Cogo Group, Inc. (a)

  74,400     455,328

 

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-180


Table of Contents

Metropolitan Series Fund, Inc.

 

T. Rowe Price Small Cap Growth Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—(Continued)

 

 

Security Description   Shares   Value
   

Communications Equipment—(Continued)

   

CommScope, Inc. (a) (b)

  76,500   $ 2,289,645

Comtech Telecommunications Corp. (a) (b)

  49,700     1,651,034

F5 Networks, Inc. (a)

  86,200     3,416,106

Palm, Inc. (a) (b)

  111,900     1,950,417

Plantronics, Inc.

  21,100     565,691

Polycom, Inc. (a) (b)

  58,093     1,553,988
       
      18,312,944
       

Computers & Peripherals—0.1%

   

Synaptics, Inc. (a) (b)

  19,000     478,800
       

Construction & Engineering—0.5%

   

Dycom Industries, Inc. (a)

  38,900     478,470

MYR Group, Inc. (a)

  14,600     307,914

Quanta Services, Inc. (a) (b)

  52,924     1,171,208
       
      1,957,592
       

Consumer Finance—0.1%

   

World Acceptance Corp. (a) (b)

  16,000     403,360
       

Containers & Packaging—0.6%

   

Crown Holdings, Inc. (a)

  48,700     1,324,640

Greif, Inc.

  18,400     1,012,920
       
      2,337,560
       

Distributors—0.3%

   

LKQ Corp. (a)

  65,700     1,218,078
       

Diversified Consumer Services—1.9%

   

American Public Education, Inc. (a) (b)

  21,900     760,806

Brink’s Home Security Holdings, Inc. (a)

  34,900     1,074,571

Capella Education Co. (a) (b)

  21,900     1,474,746

DeVry, Inc.

  8,100     448,092

ITT Educational Services, Inc. (a) (b)

  11,900     1,313,879

Matthews International Corp.

  34,100     1,206,458

Steiner Leisure, Ltd. (a)

  33,900     1,212,264
       
      7,490,816
       

Diversified Financial Services—0.9%

   

Interactive Brokers Group, Inc. (a)

  54,900     1,090,863

MSCI, Inc. (a)

  90,100     2,668,762
       
      3,759,625
       

Diversified Telecommunication Services—0.3%

 

Cbeyond, Inc. (a) (b)

  20,500     330,665

tw telecom, Inc. (a)

  74,000     995,300
       
      1,325,965
       

Electrical Equipment—2.0%

   

Acuity Brands, Inc. (b)

  60,400     1,945,484

General Cable Corp. (a)

  37,000     1,448,550

II-VI, Inc. (a)

  56,300     1,432,272

Thomas & Betts Corp. (a)

  39,700     1,194,176

Woodward Governor Co.

  82,100     1,991,746
       
      8,012,228
       
Security Description   Shares   Value
   

Electronic Equipment, Instruments & Components—2.6%

Anixter International, Inc. (a) (b)

  26,900   $ 1,078,959

CyberOptics Corp. (a) (b)

  103,937     699,496

Dolby Laboratories, Inc. (Class A) (a) (b)

  55,000     2,100,450

Itron, Inc. (a) (b)

  24,400     1,565,016

Mettler Toledo International, Inc. (a)

  30,300     2,744,877

Rofin-Sinar Technologies, Inc. (a)

  34,400     789,824

Trimble Navigation, Ltd. (a)

  33,200     793,812

TTM Technologies, Inc. (a) (b)

  56,400     646,908
       
      10,419,342
       

Energy Equipment & Services—3.5%

   

Atwood Oceanics, Inc. (a)

  45,000     1,587,150

Complete Production Services, Inc. (a)

  98,600     1,114,180

Core Laboratories NV (b)

  27,000     2,783,430

Dawson Geophysical Co. (a) (b)

  14,800     405,224

Dresser-Rand Group, Inc. (a)

  15,700     487,799

Gulf Island Fabrication, Inc.

  33,500     627,790

ION Geophysical Corp. (a)

  99,800     351,296

Oceaneering International, Inc. (a)

  24,700     1,401,725

Oil States International, Inc. (a)

  65,900     2,315,067

Superior Energy Services, Inc. (a)

  70,000     1,576,400

Tesco Corp. (a)

  24,800     197,904

Tetra Technologies, Inc. (a)

  75,700     733,533

Unit Corp. (a)

  13,000     536,250
       
      14,117,748
       

Food Products—0.4%

   

American Italian Pasta Co. (Class A) (a) (b)

  34,100     926,838

Flowers Foods, Inc. (b)

  31,900     838,651
       
      1,765,489
       

Health Care Equipment & Supplies—3.6%

   

American Medical Systems Holdings, Inc. (a) (b)

  70,900     1,199,628

ArthroCare Corp. (a)

  31,700     646,363

Edwards Lifesciences Corp. (a) (b)

  22,800     1,593,948

Gen-Probe, Inc. (a) (b)

  26,500     1,098,160

IDEXX Laboratories, Inc. (a) (b)

  45,900     2,295,000

Immucor, Inc. (a)

  52,350     926,595

Integra LifeSciences Holdings Corp. (a)

  12,400     423,460

Masimo Corp. (a) (b)

  33,100     867,220

Meridian Bioscience, Inc. (b)

  87,300     2,183,373

Orthofix International NV (a)

  20,500     602,495

Stereotaxis, Inc. (a) (b)

  32,000     142,720

STERIS Corp.

  45,400     1,382,430

Thoratec Corp. (a)

  44,900     1,359,123
       
      14,720,515
       

Health Care Providers & Services—4.8%

   

Alliance Imaging, Inc. (a)

  76,700     434,122

Amedisys, Inc. (a) (b)

  33,733     1,471,771

Catalyst Health Solutions, Inc. (a)

  60,600     1,766,490

Centene Corp. (a)

  53,100     1,005,714

Chemed Corp.

  17,300     759,297

Chindex International, Inc. (a)

  25,800     324,564

Corvel Corp. (a)

  19,300     548,120

 

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-181


Table of Contents

Metropolitan Series Fund, Inc.

 

T. Rowe Price Small Cap Growth Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—(Continued)

 

 

Security Description   Shares   Value
   

Health Care Providers & Services—(Continued)

Gentiva Health Services, Inc. (a)

  60,300   $ 1,508,103

Healthsouth Corp. (a) (b)

  85,900     1,343,476

Healthspring, Inc. (a)

  38,600     472,850

Healthways, Inc. (a)

  31,200     477,984

inVentiv Health, Inc. (a)

  31,200     521,976

Mednax, Inc. (a)

  20,600     1,131,352

PharMerica Corp. (a) (b)

  85,400     1,585,878

PSS World Medical, Inc. (a) (b)

  51,000     1,113,330

Psychiatric Solutions, Inc. (a) (b)

  28,500     762,660

Sun Healthcare Group, Inc. (a)

  76,500     660,960

Tenet Healthcare Corp. (a)

  377,800     2,221,464

VCA Antech, Inc. (a) (b)

  53,000     1,425,170
       
      19,535,281
       

Health Care Technology—1.3%

   

Allscripts-Misys Heathcare Solutions, Inc. (a)

  44,800     908,096

Cerner Corp. (a) (b)

  23,600     1,765,280

Eclipsys Corp. (a)

  54,600     1,053,780

MedAssets, Inc. (a)

  40,000     902,800

Phase Forward, Inc. (a)

  28,500     400,140

Vital Images, Inc. (a)

  23,200     290,464
       
      5,320,560
       

Hotels, Restaurants & Leisure—2.9%

   

CEC Entertainment, Inc. (a)

  27,400     708,564

Chipotle Mexican Grill, Inc. (a)

  20,800     1,730,976

Choice Hotels International, Inc.

  18,900     587,034

P.F. Chang’s China Bistro, Inc. (a) (b)

  34,300     1,165,171

Panera Bread Co. (a)

  24,600     1,353,000

Red Robin Gourmet Burgers, Inc. (a) (b)

  42,600     869,892

The Cheesecake Factory (a) (b)

  86,300     1,598,276

WMS Industries, Inc. (b)

  82,750     3,687,340
       
      11,700,253
       

Household Durables—0.6%

   

Jarden Corp. (a) (b)

  41,800     1,173,326

Tempur-Pedic International, Inc. (a)

  56,400     1,068,216
       
      2,241,542
       

Household Products—0.4%

   

Church & Dwight Co., Inc.

  26,000     1,475,240
       

Insurance—1.6%

   

Amtrust Financial Services, Inc.

  56,300     642,383

HCC Insurance Holdings, Inc.

  74,300     2,032,105

Max Capital Group, Ltd.

  39,000     833,430

Navigators Group, Inc. (a)

  16,800     924,000

RLI Corp. (b)

  10,300     543,634

StanCorp Financial Group, Inc.

  32,300     1,303,951
       
      6,279,503
       

Internet & Catalog Retail—1.2%

   

Blue Nile, Inc. (a)

  5,325     330,789

PetMed Express, Inc. (b)

  43,900     827,515

priceline.com, Inc. (a) (b)

  19,500     3,233,490
Security Description   Shares   Value
   

Internet & Catalog Retail—(Continued)

   

Shutterfly, Inc. (a)

  38,300   $ 636,929
       
      5,028,723
       

Internet Software & Services—2.6%

   

Art Technology Group, Inc. (a)

  116,700     450,462

AsiaInfo Holdings, Inc. (a) (b)

  48,600     970,542

Digital River, Inc. (a)

  56,700     2,286,144

j2 Global Communications, Inc. (a)

  61,400     1,412,814

MercadoLibre, Inc. (a) (b)

  21,000     807,660

Perficient, Inc. (a)

  86,500     715,355

S1 Corp. (a)

  75,500     466,590

SINA Corp. (a)

  36,200     1,374,152

Sohu.com, Inc. (a)

  16,700     1,148,626

ValueClick, Inc. (a)

  77,200     1,018,268
       
      10,650,613
       

IT Services—4.3%

   

CACI International, Inc. (Class A) (a)

  9,700     458,519

Cybersource Corp. (a)

  110,700     1,845,369

Genpact, Ltd. (a)

  64,100     788,430

Global Payments, Inc.

  60,220     2,812,274

Heartland Payment Systems, Inc.

  21,060     305,581

Mantech International Corp. (a)

  14,100     664,956

NCI, Inc. (a) (b)

  99,469     2,850,781

NeuStar, Inc. (a) (b)

  41,200     931,120

Perot Systems Corp. (a)

  49,200     1,461,240

SRA International, Inc. (a)

  39,700     857,123

TeleTech Holdings, Inc. (a)

  64,700     1,103,782

TNS, Inc. (a)

  59,718     1,636,273

Unisys Corp. (a) (b)

  243,000     648,810

Wright Express Corp. (a)

  29,000     855,790
       
      17,220,048
       

Leisure Equipment & Products—0.8%

   

Brunswick Corp.

  54,500     652,910

Polaris Industries, Inc.

  37,700     1,537,406

Pool Corp. (b)

  42,600     946,572
       
      3,136,888
       

Life Sciences Tools & Services—1.9%

   

Bio-Rad Laboratories, Inc. (a)

  13,000     1,194,440

Dionex Corp. (a)

  11,900     773,143

eResearch Technology, Inc. (a)

  62,200     435,400

Exelixis, Inc. (a) (b)

  102,000     650,760

Illumina, Inc. (a) (b)

  67,500     2,868,750

Parexel International Corp. (a)

  53,000     720,270

Techne Corp. (a)

  13,500     844,425
       
      7,487,188
       

Machinery—4.8%

   

Actuant Corp.

  151,300     2,429,878

Bucyrus International, Inc.

  15,800     562,796

Chart Industries, Inc. (a)

  58,200     1,256,538

Gardner Denver, Inc. (a)

  67,000     2,336,960

Graco, Inc. (b)

  57,300     1,596,951

 

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-182


Table of Contents

Metropolitan Series Fund, Inc.

 

T. Rowe Price Small Cap Growth Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—(Continued)

 

 

Security Description   Shares   Value
   

Machinery—(Continued)

   

IDEX Corp.

  55,900   $ 1,562,405

John Bean Technologies Corp.

  50,800     923,036

Nordson Corp. (b)

  29,200     1,637,828

Robbins & Myers, Inc.

  30,100     706,748

The Middleby Corp. (a) (b)

  31,900     1,754,819

Toro Co. (b)

  52,800     2,099,856

Valmont Industries, Inc.

  8,900     758,102

Wabtec Corp. (b)

  46,300     1,737,639
       
      19,363,556
       

Marine—0.5%

   

Horizon Lines, Inc. (b)

  50,600     321,310

Kirby Corp. (a)

  43,200     1,590,624
       
      1,911,934
       

Media—1.6%

   

CTC Media, Inc. (a)

  57,900     910,188

John Wiley & Sons, Inc.

  44,300     1,540,754

Knology, Inc. (a)

  60,700     591,825

Liberty Media Capital Corp. (Series A) (a)

  95,700     2,002,044

National CineMedia, Inc.

  50,000     848,500

SIRIUS XM Radio, Inc. (a) (b)

  1,150,200     730,377
       
      6,623,688
       

Metals & Mining—0.6%

   

Carpenter Technology Corp.

  37,400     874,786

Compass Minerals International, Inc.

  25,100     1,546,662
       
      2,421,448
       

Multiline Retail—0.4%

   

Big Lots, Inc. (a)

  69,700     1,743,894
       

Oil, Gas & Consumable Fuels—2.9%

   

Alpha Natural Resources, Inc. (a)

  18,870     662,337

Arena Resources, Inc. (a)

  40,000     1,420,000

Bill Barrett Corp. (a) (b)

  36,300     1,190,277

Cabot Oil & Gas Corp.

  11,300     403,975

Comstock Resources, Inc. (a)

  53,300     2,136,264

Concho Resources, Inc. (a)

  61,800     2,244,576

Goodrich Petroleum Corp. (a) (b)

  31,300     807,853

Penn Virginia Corp.

  41,300     946,183

St. Mary Land & Exploration Co.

  55,600     1,804,776
       
      11,616,241
       

Personal Products—1.6%

   

Alberto-Culver Co.

  60,800     1,682,944

Chattem, Inc. (a) (b)

  30,200     2,005,582

Herbalife, Ltd.

  41,600     1,361,984

NBTY, Inc. (a)

  39,600     1,567,368
       
      6,617,878
       

Pharmaceuticals—1.2%

   

Cadence Pharmaceuticals, Inc. (a) (b)

  36,700     405,902

Salix Pharmaceuticals, Ltd. (a)

  38,900     827,014
Security Description   Shares   Value
   

Pharmaceuticals—(Continued)

   

The Medicines Co. (a)

  83,000   $ 913,830

Valeant Pharmaceuticals International (a) (b)

  61,600     1,728,496

ViroPharma, Inc. (a)

  38,900     374,218

XenoPort, Inc. (a) (b)

  28,100     596,563
       
      4,846,023
       

Professional Services—1.7%

   

Administaff, Inc.

  24,900     654,123

Exponent, Inc. (a)

  9,700     273,249

Huron Consulting Group, Inc. (a) (b)

  28,400     733,572

IHS, Inc. (a) (b)

  24,100     1,232,233

Korn/Ferry International (a)

  53,300     777,647

Resources Connection, Inc. (a)

  109,600     1,869,776

Watson Wyatt Worldwide, Inc.

  33,900     1,476,684
       
      7,017,284
       

Real Estate Investment Trusts—0.6%

   

PS Business Parks, Inc.

  9,800     502,936

Taubman Centers, Inc. (b)

  50,600     1,825,648
       
      2,328,584
       

Real Estate Management & Development—0.5%

 

Forest City Enterprises, Inc. (a) (b)

  86,400     1,155,168

Jones Lang LaSalle, Inc. (b)

  14,600     691,602
       
      1,846,770
       

Road & Rail—1.0%

   

Avis Budget Group, Inc. (a) (b)

  66,900     893,784

Landstar System, Inc.

  56,600     2,154,196

Old Dominion Freight Line, Inc. (a)

  39,400     1,198,942
       
      4,246,922
       

Semiconductors & Semiconductor Equipment —6.2%

 

Advanced Energy Industries, Inc. (a)

  80,000     1,139,200

Atmel Corp. (a)

  332,000     1,391,080

Cabot Microelectronics Corp. (a)

  19,400     676,284

Cymer, Inc. (a)

  45,600     1,772,016

Cypress Semiconductor Corp. (a) (b)

  123,200     1,272,656

Diodes, Inc. (a)

  40,300     729,027

FEI Co. (a)

  40,800     1,005,720

FormFactor, Inc. (a) (b)

  35,500     849,160

Intersil Corp.

  28,464     435,784

Micrel, Inc.

  111,000     904,650

Microsemi Corp. (a)

  116,200     1,834,798

ON Semiconductor Corp. (a)

  294,600     2,430,450

Pericom Semiconductor Corp. (a)

  42,735     419,230

PMC-Sierra, Inc. (a)

  150,200     1,435,912

Semtech Corp. (a)

  100,600     1,711,206

Silicon Laboratories, Inc. (a)

  54,600     2,531,256

Standard Microsystems Corp. (a)

  11,700     271,557

Tessera Technologies, Inc. (a)

  37,500     1,045,875

Varian Semiconductor Equipment Associates, Inc. (a) (b)

  77,950     2,559,878

Veeco Instruments, Inc. (a)

  36,600     853,512
       
      25,269,251
       

 

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-183


Table of Contents

Metropolitan Series Fund, Inc.

 

T. Rowe Price Small Cap Growth Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—(Continued)

 

 

Security Description   Shares   Value
   

Software—7.4%

   

Actuate Corp. (a)

  133,119   $ 769,428

Ansys, Inc. (a)

  43,030     1,612,334

Blackboard, Inc. (a) (b)

  53,800     2,032,564

Commvault Systems, Inc. (a)

  46,200     958,650

Epicor Software Corp. (a) (b)

  55,400     352,898

FactSet Research Systems, Inc.

  47,700     3,159,648

Informatica Corp. (a)

  163,800     3,698,604

Jack Henry & Associates, Inc.

  32,300     758,081

Kenexa Corp. (a)

  49,600     668,608

Micros Systems, Inc. (a)

  75,900     2,291,421

Monotype Imaging Holdings, Inc. (a)

  102,405     861,226

Parametric Technology Corp. (a)

  95,600     1,321,192

Progress Software Corp. (a)

  19,000     430,350

Quest Software, Inc. (a)

  64,800     1,091,880

Rovi Corp. (a)

  98,800     3,319,680

Solera Holdings, Inc. (a)

  47,200     1,468,392

Sybase, Inc. (a) (b)

  62,900     2,446,810

Taleo Corp. (a)

  76,170     1,724,489

TIBCO Software, Inc. (a)

  118,500     1,124,565
       
      30,090,820
       

Specialty Retail—3.8%

   

Aaron’s, Inc. (b)

  46,000     1,214,400

Aeropostale, Inc. (a)

  67,750     2,945,092

Dress Barn, Inc. (a) (b)

  66,500     1,192,345

Guess?, Inc.

  39,500     1,463,080

Gymboree Corp. (a)

  66,900     3,236,622

Hibbett Sports, Inc. (a) (b)

  38,550     702,767

J. Crew Group, Inc. (a)

  18,400     659,088

Office Depot, Inc. (a)

  152,300     1,008,226

The Children’s Place Retail Stores, Inc. (a) (b)

  27,700     829,892

Tractor Supply Co. (a) (b)

  41,200     1,994,904

Zumiez, Inc. (a) (b)

  16,000     262,560
       
      15,508,976
       

Textiles, Apparel & Luxury Goods—2.3%

   

Deckers Outdoor Corp. (a) (b)

  12,600     1,069,110

Fossil, Inc. (a)

  40,349     1,147,929

Hanesbrands, Inc. (a) (b)

  67,400     1,442,360

Iconix Brand Group, Inc. (a)

  48,500     604,795

Phillips-Van Heusen Corp.

  62,800     2,687,212

The Warnaco Group, Inc. (a)

  51,900     2,276,334
       
      9,227,740
       

Thrifts & Mortgage Finance—0.3%

   

Danvers Bancorp, Inc. (a) (b)

  41,100     558,549

MGIC Investment Corp. (a) (b)

  34,800     257,868

Radian Group, Inc. (b)

  25,400     268,732
       
      1,085,149
       
Security Description   Shares   Value  
   

Trading Companies & Distributors—0.9%

  

Beacon Roofing Supply, Inc. (a) (b)

  79,500   $ 1,270,410   

MSC Industrial Direct Co.

  40,500     1,764,990   

RSC Holdings, Inc. (a) (b)

  85,300     620,131   
         
      3,655,531   
         

Wireless Telecommunication Services—0.9%

  

Leap Wireless International, Inc. (a) (b)

  20,100     392,955   

SBA Communications Corp. (a)

  97,400     2,632,722   

Syniverse Holdings, Inc. (a)

  43,800     766,500   
         
      3,792,177   
         

Total Common Stock
(Identified Cost $407,816,712)

      403,324,165   
         
Short Term Investments—13.0%   

Mutual Funds—13.0%

   

State Street Navigator Securities Lending Prime Portfolio (c)

  50,581,764     50,581,764   

T. Rowe Price Reserve Investment Fund (d)

  1,890,924     1,890,924   
         

Total Short Term Investments
(Identified Cost $52,472,688)

      52,472,688   
         

Total Investments—112.8%
(Identified Cost $460,289,400) (e)

      455,796,853   

Liabilities in excess of other assets

      (51,580,044
         
Net Assets—100%     $ 404,216,809   
         

 

(a) Non-Income Producing.
(b) All or a portion of the security was on loan. As of September 30, 2009, the market value of securities loaned was $49,372,235 and the collateral received consisted of cash in the amount of $50,581,764 and non-cash collateral with a value of $208,863. 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) Affiliated Issuer. See below.
(e) The aggregate cost of investments for federal income tax purposes as of September 30, 2009 was $460,709,164 and the composition of unrealized appreciation and depreciation of investment securities was $49,260,724 and $(54,173,035), respectively.
Affiliated Issuer            

Security Description

  Number of Shares
Held at
12/31/2008
  Shares Purchased
Since
12/31/2008
  Shares Sold
Since
12/31/2008
  Number of Shares
09/30/2009
  Realized
Gain/Loss on
Shares Sold
  Income for
Period Ended
09/30/2009

T. Rowe Price Reserve Investment Fund

  5,080,171   29,695,678   32,884,925   1,890,924   $ 0   $ 24,486

 

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-184


Table of Contents

Metropolitan Series Fund, Inc.

 

T. Rowe Price Small Cap Growth Portfolio

 

 

 

VALUATION INPUTS

 

The Portfolio is subject to the provisions of the Statement of Financial Accounting Standards No. 157, Fair Value Measurements (“FAS 157”). FAS 157 establishes a framework for measuring fair value and expands disclosures about fair value measurements in 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 Portfolio’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 investments as of September 30, 2009:

 

Description    Level 1    Level 2    Level 3    Total

Total Common Stock

   $ 403,324,165    $ —      $ —      $ 403,324,165

Total Short Term Investments

     52,472,688      —        —        52,472,688

Total Investments

   $ 455,796,853    $ —      $ —      $ 455,796,853
                             

 

MSF-185


Table of Contents

Metropolitan Series Fund, Inc.

 

Van Eck Global Natural Resources Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Common Stock—95.2% of Net Assets

 

 

Security Description   Shares   Value
   

Bermuda—0.5%

   

African Minerals, Ltd. (GBP) (a)

  350,000   $ 2,158,051
       

Brazil—3.0%

   

Petroleo Brasileiro S.A. (ADR)

  261,800     12,016,620
       

Canada—17.1%

   

Agnico-Eagle Mines, Ltd. (b)

  168,400     11,425,940

Barrick Gold Corp.

  61,000     2,311,900

Canadian Natural Resources, Ltd.

  152,000     10,212,880

First Quantum Minerals, Ltd. (b)

  150,400     9,819,521

Goldcorp, Inc.

  143,100     5,776,947

IAMGOLD Corp. (b)

  683,100     9,659,034

Kinross Gold Corp. (b)

  205,200     4,452,840

Osisko Mining Corp. (a)

  580,700     4,311,311

Osisko Mining Corp. (Additional Share Issue) (a)

  100,300     751,770

Pacific Rubiales Energy Corp. (a) (b)

  442,600     5,473,932

Red Back Mining, Inc. (a) (b)

  476,000     5,340,932

Timberwest Forest Corp.

  68,200     239,812
       
      69,776,819
       

Channel Islands—4.3%

   

Randgold Resources, Ltd. (ADR) (b)

  250,400     17,497,952
       

Kazakhstan—1.6%

   

KazMunaiGas Exploration Production (GDR)

  287,300     6,429,774
       

Netherlands Antilles—3.3%

   

Schlumberger, Ltd.

  227,600     13,564,960
       

Switzerland—8.8%

   

Noble Corp.

  202,000     7,667,920

Transocean, Ltd. (a)

  168,900     14,446,017

Weatherford International, Ltd. (a)

  663,000     13,743,990
       
      35,857,927
       

United Kingdom—5.2%

   

BHP Billiton, Plc.

  152,600     4,199,126

Heritage Oil, Plc. (a)

  501,600     3,948,303

Rio Tinto, Plc. (ADR)

  24,000     4,086,960

Xstrata, Plc.

  606,000     8,936,086
       
      21,170,475
       

United States—51.4%

   

Alpha Natural Resources, Inc. (a)

  270,000     9,477,000

Anadarko Petroleum Corp.

  194,850     12,222,940

Cabot Oil & Gas Corp.

  204,200     7,300,150

Cameron International Corp. (a) (b)

  106,500     4,027,830

Comstock Resources, Inc. (a)

  98,350     3,941,868

Concho Resources, Inc. (a)

  113,750     4,131,400

ConocoPhillips

  162,000     7,315,920

Dril-Quip, Inc. (a)

  67,600     3,355,664

EQT Corp.

  108,800     4,634,880

Freeport-McMoRan Copper & Gold, Inc. (a)

  227,600     15,615,636

General Cable Corp. (a) (b)

  65,000     2,544,750

Halliburton Co.

  237,200     6,432,864
Security Description   Shares   Value  
   

United States—(Continued)

   

Hess Corp.

  132,100   $ 7,062,066   

Kaiser Aluminum Corp.

  103,300     3,755,988   

Louisiana-Pacific Corp. (a) (b)

  336,200     2,242,454   

Mariner Energy, Inc. (a)

  388,000     5,501,840   

Monsanto Co.

  52,900     4,094,460   

MYR Group, Inc. (a)

  71,940     1,517,215   

Newfield Exploration Co. (a)

  325,100     13,836,256   

Noble Energy, Inc.

  159,100     10,494,236   

NRG Energy, Inc. (a) (b)

  253,000     7,132,070   

Occidental Petroleum Corp.

  187,300     14,684,320   

PetroHawk Energy Corp. (a)

  266,900     6,461,649   

Quanta Services, Inc. (a)

  499,000     11,042,870   

Quicksilver Resources, Inc. (a) (b)

  987,800     14,016,882   

Southwestern Energy Co. (a)

  128,400     5,480,112   

Steel Dynamics, Inc.

  468,400     7,185,256   

Terex Corp. (b)

  118,000     2,446,140   

Weyerhaeuser Co.

  95,700     3,507,405   

XTO Energy, Inc.

  191,200     7,900,384   
         
      209,362,505   
         

Total Common Stock
(Identified Cost $292,025,223)

      387,835,083   
         
Exchange Traded Funds—2.0%            

United States—2.0%

   

iShares Silver Trust

  504,900     8,270,262   
         

Total Exchange Traded Funds
(Identified Cost $6,759,487)

      8,270,262   
         
Short Term Investments—10.5%            

United States—10.5%

   

AIM STIT-STIC Prime Portfolio

  12,202,714     12,202,714   

State Street Navigator Securities Lending Prime Portfolio (c)

  30,746,516     30,746,516   
         

Total Short Term Investments
(Identified Cost $42,949,230)

      42,949,230   
         

Total Investments—107.7%
(Identified Cost $341,733,940) (d)

      439,054,575   

Liabilities in excess of other assets

      (31,487,401
         
Net Assets—100%     $ 407,567,174   
         

 

(a) Non-Income Producing.
(b) All or a portion of the security was on loan. As of September 30, 2009, the market value of securities loaned was $30,109,592 and the collateral received consisted of cash in the amount of $30,746,516. 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-186


Table of Contents

Metropolitan Series Fund, Inc.

 

Van Eck Global Natural Resources Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

(d) The aggregate cost of investments for federal income tax purposes as of September 30, 2009 was $341,733,940 and the composition of unrealized appreciation and depreciation of investment securities was $98,403,077 and $(1,082,442), 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.
(GBP)— British Pound

Ten Largest Industries as of
September 30, 2009

  

Percentage of
Net Assets

Oil, Gas & Consumable Fuels

   41.3%

Metals & Mining

   28.8%

Energy Equipment & Services

   15.5%

Construction & Engineering

   3.1%

Exchange Traded Funds

   2.0%

Independent Power Producers & Energy Traders

   1.7%

Paper & Forest Products

   1.5%

Gas Utilities

   1.1%

Chemicals

   1.0%

Electrical Equipment

   0.6%

VALUATION INPUTS

 

The Portfolio is subject to the provisions of the Statement of Financial Accounting Standards No. 157, Fair Value Measurements (“FAS 157”). FAS 157 establishes a framework for measuring fair value and expands disclosures about fair value measurements in 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 Portfolio’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 investments as of September 30, 2009:

 

Description    Level 1    Level 2    Level 3    Total
Common Stock            

Bermuda

   $ —      $ 2,158,051    $ —      $ 2,158,051

Brazil

     12,016,620      —        —        12,016,620

Canada

     43,839,541      25,937,278      —        69,776,819

Channel Islands

     17,497,952      —        —        17,497,952

Kazakhstan

     6,429,774      —        —        6,429,774

Netherlands Antilles

     13,564,960      —        —        13,564,960

Switzerland

     35,857,927      —        —        35,857,927

United Kingdom

     4,086,960      17,083,515      —        21,170,475

United States

     209,362,505      —        —        209,362,505

Total Common Stock

     342,656,239      45,178,844      —        387,835,083
Exchange Traded Funds            

United States

     8,270,262      —        —        8,270,262
Short Term Investments            

United States

     42,949,230      —        —        42,949,230

Total Investments

   $ 393,875,731    $ 45,178,844    $ —      $ 439,054,575
                             

 

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-187


Table of Contents

Metropolitan Series Fund, Inc.

 

Western Asset Management Strategic Bond Opportunities Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Fixed Income—96.1% of Net Assets

 

Security Description   Par
Amount
  Value
   

Aerospace & Defense—1.1%

   

Hawker Beechcraft Acquisition Co., LLC
8.875%, 04/01/15

  $ 4,578,000   $ 2,929,920

L-3 Communications Corp.
6.375%, 10/15/15

    1,845,000     1,863,450

The Boeing Co.
4.875%, 02/15/20

    990,000     1,021,214

TransDigm, Inc. (144A)
7.750%, 07/15/15

    2,085,000     2,025,056
       
      7,839,640
       

Airlines—0.5%

   

Delta Air Lines, Inc. (144A)
9.500%, 09/15/14

    380,000     380,000

11.750%, 03/15/15

    420,000     391,650

Delta Air Lines, Inc.
6.821%, 08/10/22

    875,352     809,700

Northwest Airlines, Inc.
1.175%, 05/20/14 (a)

    1,913,626     1,607,446
       
      3,188,796
       

Asset Backed—4.1%

   

ACE Securities Corp.
0.376%, 02/25/31 (a)

    1,472,014     1,086,006

Amortizing Residential Collateral Trust
2.046%, 08/25/32 (a)

    105,106     28,433

Asset Backed Securities Corp.
3.093%, 04/15/33 (a)

    50,510     18,324

Bear Stearns Asset Backed Securities Trust
0.616%, 01/25/34 (a)

    75,320     51,550

1.496%, 08/25/37 (a)

    3,181,133     2,055,481

6.000%, 10/25/36

    4,846,886     2,698,100

6.500%, 10/25/36

    4,854,817     2,580,085

Conseco Financial Corp.
7.070%, 01/15/29

    249,417     240,879

Countrywide Asset Backed Certificates
1.496%, 06/25/34 (a)

    262,572     17,735

Countrywide Home Equity Loan Trust
0.383%, 12/25/31 (a)

    1,998,649     709,725

Ellington Loan Acquisition Trust (144A)
1.246%, 05/25/37 (a)

    3,026,149     2,462,005

1.496%, 05/25/37 (a)

    4,400,000     1,556,127

EMC Mortgage Loan Trust (144A)
0.696%, 05/25/43 (a)

    2,189,694     1,652,059

0.946%, 01/25/41 (a)

    700,000     485,774

GMAC Mortgage Corp. Loan Trust
0.456%, 11/25/36 (a)

    7,817,207     2,622,238

GSAMP Trust
0.336%, 07/05/36 (a)

    875,013     71,079

GSAMP Trust (144A)
0.356%, 05/25/36 (a)

    1,099,924     1,011,919

GSRPM Mortgage Loan Trust (144A)
0.546%, 03/25/35 (a)

    1,809,434     906,580

Indymac Seconds Asset Backed Trust
0.376%, 06/25/36 (a)

    2,768,068     231,000
Security Description   Par
Amount
  Value
   

Asset Backed—(Continued)

   

Lehman XS Trust
0.366%, 06/25/37 (a)

  $ 1,584,687   $ 1,123,353

Long Beach Mortgage Loan Trust
0.766%, 01/21/31 (a)

    42,576     28,117

Mid-State Trust
7.340%, 07/01/35

    465,083     424,705

Morgan Stanley Mortgage Loan Trust
0.396%, 03/25/36 (a)

    1,557,323     253,451

Nelnet Student Loan Trust
1.984%, 04/25/24 (a)

    1,680,000     1,720,892

RAAC Series (144A)
0.496%, 08/25/35 (a)

    1,831,307     1,010,780

SACO I, Inc.
0.376%, 06/25/36 (a) (b)

    2,139,244     204,268

Sail Net Interest Margin Notes (144A)
5.500%, 03/27/34 (c)

    35,690     0

7.750%, 04/27/33 (c)

    783     0

SLM Student Loan Trust
0.494%, 07/25/17 (a)

    786,619     786,087

Structured Asset Securities Corp.
0.496%, 11/25/37 (a)

    1,958,306     1,764,529

Structured Asset Securities Corp. (144A)
0.356%, 02/25/36 (a) (b)

    1,596,124     130,864
       
      27,932,145
       

Auto Components—0.6%

   

Allison Transmission (144A)
11.250%, 11/01/15

    3,900,000     3,627,000

Keystone Automotive Operations, Inc.
9.750%, 11/01/13

    775,000     203,437
       
      3,830,437
       

Automobiles—0.3%

   

Motors Liquidation Co.
8.250%, 07/15/23 (b) (d)

    685,000     106,175

8.375%, 07/15/33 (b) (d)

    10,380,000     1,686,750
       
      1,792,925
       

Beverages—0.2%

   

PepsiCo, Inc.
7.900%, 11/01/18

    1,110,000     1,401,617
       

Building Products—0.6%

   

Associated Materials, Inc.
9.750%, 04/15/12

    3,330,000     3,271,725

Nortek, Inc.
8.500%, 09/01/14 (b)

    930,000     641,700
       
      3,913,425
       

Capital Markets—0.9%

   

Lehman Brothers Holdings, Inc.
6.750%, 12/28/17 (b)

    2,890,000     289

 

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-188


Table of Contents

Metropolitan Series Fund, Inc.

 

Western Asset Management Strategic Bond Opportunities Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Fixed Income—(Continued)

 

Security Description   Par
Amount
  Value
   

Capital Markets—(Continued)

   

Merrill Lynch & Co., Inc.
6.875%, 04/25/18

  $ 350,000   $ 368,094

Morgan Stanley
0.960%, 10/18/16 (a)

    490,000     437,525

5.625%, 01/09/12

    1,290,000     1,366,883

The Bear Stearns Cos., LLC
6.400%, 10/02/17

    470,000     511,298

7.250%, 02/01/18

    2,300,000     2,626,697

The Goldman Sachs Group, Inc.
4.500%, 06/15/10

    1,110,000     1,138,553
       
      6,449,339
       

Collateralized-Mortgage Obligation—14.2%

 

American Home Mortgage Investment Trust 0.536%, 11/25/45 (a)

    1,407,156     739,237

5.294%, 06/25/45

    3,002,646     1,843,539

Banc of America Funding Corp.
0.416%, 05/20/36 (a)

    1,261,421     605,774

Banc of America Mortgage Securities, Inc.
4.797%, 09/25/35 (a)

    3,827,170     3,060,854

5.182%, 12/25/34 (a)

    8,380,105     7,140,245

Bear Stearns Adjustable Rate Mortgage Trust 4.650%, 10/25/35 (a)

    2,700,000     1,852,564

Citigroup Mortgage Loan Trust, Inc.
5.094%, 12/25/35 (a)

    5,185,301     2,782,213

Countrywide Alternative Loan Trust
0.446%, 05/25/36 (a)

    2,460,071     1,197,701

0.603%, 11/20/35 (a)

    4,634,676     2,498,417

Countrywide Home Loan Mortgage Pass-Through Trust (144A)

 

0.606%, 03/25/35 (a)

    571,574     428,508

0.666%, 11/25/34 (a)

    353,090     233,262

Crusade Global Trust
0.482%, 09/18/34 (a)

    362,919     336,950

Greenpoint Mortgage Funding Trust
0.326%, 03/25/37 (a)

    4,792,798     2,653,508

GSMPS Mortgage Loan Trust (144A)
0.596%, 01/25/35 (a)

    1,417,078     863,698

0.596%, 09/25/35 (a)

    790,093     507,717

GSR Mortgage Loan Trust
4.332%, 10/25/35 (a)

    687,079     529,781

5.168%, 01/25/36 (a)

    2,732,442     2,328,242

Harborview Mortgage Loan Trust
0.466%, 06/25/37 (a)

    6,402,470     2,954,357

0.496%, 01/19/36 (a)

    2,156,941     1,118,550

1.246%, 08/19/37 (a)

    6,633,330     3,696,703

Impac Secured Assets CMN Owner Trust
0.566%, 03/25/36 (a)

    2,113,617     906,341

0.596%, 08/25/36 (a)

    499,577     394,334

Indymac INDA Mortgage Loan Trust
6.187%, 11/25/37 (a)

    3,137,226     2,214,611

Indymac Index Mortgage Loan Trust
0.606%, 01/25/35 (a)

    1,218,527     708,615

4.492%, 03/25/35 (a)

    1,148,028     741,962

5.653%, 08/25/37 (a)

    5,318,853     2,873,834
Security Description   Par
Amount
  Value
   

Collateralized-Mortgage Obligation—(Continued)

 

Lehman XS Trust
0.376%, 06/25/37 (a)

  $ 4,807,577   $ 3,115,238

Luminent Mortgage Trust
0.436%, 05/25/46 (a)

    2,676,903     1,079,184

Mastr Seasoned Securities Trust
5.289%, 10/25/32 (a)

    594,038     478,230

Merit Securities Corp. (144A)
1.746%, 09/28/32 (a)

    548,484     392,782

Merrill Lynch Mortgage Investors, Inc.
5.036%, 05/25/34 (a)

    927,827     856,435

Morgan Stanley Mortgage Loan Trust
0.566%, 01/25/35 (a)

    1,722,933     980,510

3.433%, 06/26/36 (a)

    2,821,042     2,298,758

Nomura Asset Acceptance Corp. (144A)
6.500%, 03/25/34

    490,986     436,363

6.500%, 10/25/34

    596,283     514,968

Novastar Mortgage-Backed Notes
0.436%, 06/25/36 (a)

    2,697,154     1,277,739

Prime Mortgage Trust (144A)
6.000%, 05/25/35

    1,005,984     970,775

6.000%, 11/25/36

    4,758,739     3,925,960

Prime Mortgage Trust (Class 1) (144A)
5.500%, 05/25/35

    2,393,593     2,291,866

Prime Mortgage Trust (Class 2) (144A)
5.500%, 05/25/35

    6,755,229     5,646,949

RBSGC Mortgage Pass-Through Certificates
0.696%, 01/25/37 (a)

    2,974,995     1,494,564

Structured Adjustable Rate Mortgage Loan Trust
5.141%, 01/25/35 (a)

    1,604,082     1,257,434

5.627%, 09/25/35 (a)

    2,650,978     1,896,811

Structured Asset Mortgage Investments, Inc.
4.468%, 08/25/35 (a)

    234,188     151,292

Structured Asset Securities Corp. (144A)
0.596%, 06/25/35 (a)

    1,496,151     1,118,806

WaMu Mortgage Pass-Through Certificates
0.516%, 12/25/45 (a)

    4,308,267     2,575,632

0.526%, 11/25/45 (a)

    3,110,223     1,814,076

0.536%, 07/25/45 (a)

    58,187     35,178

0.536%, 10/25/45 (a)

    1,790,988     967,317

5.319%, 08/25/36 (a)

    5,737,700     4,506,147

5.500%, 04/25/37 (a)

    2,501,602     1,876,138

5.595%, 03/25/37 (a)

    2,792,233     1,755,566

5.605%, 11/25/36 (a)

    3,700,000     2,485,203

5.924%, 09/25/36 (a)

    1,523,980     1,137,783

Wells Fargo Mortgage-Backed Securities Trust
3.966%, 06/25/35 (a)

    320,662     293,860

4.533%, 02/25/35 (a)

    4,113,179     3,688,759

5.240%, 05/25/36 (a)

    990,336     764,922
       
      97,296,762
       

Commercial Banks—1.5%

   

Barclays Bank, Plc.
5.200%, 07/10/14

    1,260,000     1,330,959

Capital One Bank USA, N.A.
5.750%, 09/15/10 (d)

    50,000     51,263

 

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-189


Table of Contents

Metropolitan Series Fund, Inc.

 

Western Asset Management Strategic Bond Opportunities Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Fixed Income—(Continued)

 

Security Description   Par
Amount
  Value
   

Commercial Banks—(Continued)

 

Glitnir Banki Hf (144A)
6.330%, 07/28/11 (b)

  $ 720,000   $ 176,400

6.693%, 06/15/16 (b)

    1,400,000     140

ICICI Bank, Ltd.
6.375%, 04/30/22 (a)

    839,000     685,195

ICICI Bank, Ltd. (144A)
6.375%, 04/30/22 (a)

    344,000     281,396

Kaupthing Bank Hf (144A)
5.750%, 10/04/11 (b)

    350,000     74,375

7.125%, 05/19/16 (b)

    450,000     45

7.625%, 02/28/15 (b) (f)

    5,920,000     1,258,000

Landsbanki Islands Hf (144A)
6.100%, 08/25/11 (b)

    2,000,000     105,000

Rabobank Nederland NV (144A)
11.000%, 12/29/49 (a)

    630,000     771,750

Royal Bank of Scotland Group, Plc.
5.000%, 11/12/13

    390,000     357,637

5.000%, 10/01/14

    480,000     434,131

5.050%, 01/08/15

    500,000     448,546

7.640%, 03/31/49 (a)

    500,000     245,000

Santander Issuances S.A. Unipersonal (144A)
5.805%, 06/20/16 (a)

    1,180,000     1,050,200

Wachovia Corp.
5.250%, 08/01/14

    3,110,000     3,158,404
       
      10,428,441
       

Commercial Mortgage-Backed Securities—2.7%

 

Commercial Mortgage Asset Trust
7.350%, 01/17/32

    475,000     512,693

Commercial Mortgage Pass-Through Certificates (144A)

 

5.447%, 07/16/34

    508,244     525,058

Credit Suisse Mortgage Capital Certificates
5.609%, 02/15/39 (a)

    3,270,000     3,087,745

6.003%, 09/15/39 (a)

    750,000     646,468

First Union National Bank Commercial Mortgage
0.834%, 05/17/32 (a) (e)

    10,461,499     118,158

JPMorgan Chase Commercial Mortgage Securities Corp.

 

5.814%, 06/12/43

    2,000,000     1,886,225

LB-UBS Commercial Mortgage Trust
5.430%, 02/15/40

    7,970,000     6,467,385

Merrill Lynch Mortgage Trust
5.840%, 05/12/39 (a)

    1,890,000     1,774,229

Merrill Lynch/Countrywide Commercial Mortgage Trust

 

5.810%, 06/12/50 (a)

    4,500,000     3,503,341
       
      18,521,302
       

Commercial Services & Supplies—0.5%

   

Allied Waste North America, Inc.
7.875%, 04/15/13

    75,000     76,875

DynCorp International
9.500%, 02/15/13

    1,900,000     1,938,000

U.S. Investigations Services, Inc. (144A)
11.750%, 05/01/16

    1,440,000     1,108,800
       
      3,123,675
       
Security Description   Par
Amount
  Value
   

Communications Equipment—0.4%

   

Intelsat Corp.
9.250%, 08/15/14

  $ 2,180,000   $ 2,234,500

Intelsat Jackson Holdings, Ltd.
9.500%, 06/15/16

    85,000     89,250

11.250%, 06/15/16

    500,000     535,000
       
      2,858,750
       

Construction & Engineering—0.1%

   

K. Hovnanian Enterprises, Inc.
11.500%, 05/01/13 (d)

    585,000     617,175

WMG Acquisition Corp.
9.500%, 06/15/16

    300,000     316,500
       
      933,675
       

Consumer Finance—1.2%

   

American Express Co.
6.800%, 09/01/66 (a)

    3,550,000     3,017,500

8.125%, 05/20/19

    810,000     957,980

American Express Credit Corp.
5.125%, 08/25/14

    70,000     72,409

SLM Corp.
Zero Coupon, 04/01/14 (a)

    670,000     443,292

5.000%, 10/01/13

    1,565,000     1,245,832

5.000%, 04/15/15

    60,000     44,707

5.050%, 11/14/14

    310,000     227,879

5.375%, 05/15/14

    2,955,000     2,261,692

5.625%, 08/01/33

    295,000     185,152
       
      8,456,443
       

Containers & Packaging—0.0%

   

Graham Packaging Co., Inc.
8.500%, 10/15/12

    280,000     282,800

Radnor Holdings Corp.
11.000%, 03/15/10 (b)

    175,000     219
       
      283,019
       

Diversified Consumer Services—0.5%

   

Education Management, LLC
10.250%, 06/01/16 (d)

    2,870,000     3,185,700

Service Corp. International
7.500%, 04/01/27

    330,000     294,525

7.625%, 10/01/18

    125,000     125,937
       
      3,606,162
       

Diversified Financial Services—11.5%

   

AGFC Capital Trust I (144A)
6.000%, 01/15/67 (a)

    815,000     326,000

Aiful Corp. (144A)
5.000%, 08/10/10

    800,000     428,000

American General Finance Corp.
6.900%, 12/15/17

    610,000     426,622

BAC Capital Trust XIV
5.630%, 12/31/49 (a) (d)

    2,520,000     1,650,600

 

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-190


Table of Contents

Metropolitan Series Fund, Inc.

 

Western Asset Management Strategic Bond Opportunities Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Fixed Income—(Continued)

 

Security Description   Par
Amount
  Value
   

Diversified Financial Services—(Continued)

 

Bank of America Corp.
5.420%, 03/15/17

  $ 1,700,000   $ 1,624,279

7.625%, 06/01/19

    970,000     1,092,987

BHP Billiton Finance USA, Ltd.
6.500%, 04/01/19

    1,360,000     1,577,875

CCM Merger, Inc. (144A)
8.000%, 08/01/13

    600,000     492,000

Citigroup, Inc.
5.000%, 09/15/14

    3,650,000     3,473,285

5.500%, 10/15/14

    440,000     439,364

6.375%, 08/12/14

    630,000     651,351

6.875%, 03/05/38

    2,720,000     2,728,244

8.500%, 05/22/19

    320,000     361,227

Credit Suisse Guernsey, Ltd.
5.860%, 05/29/49 (a)

    500,000     380,000

Deutsche Telekom International Finance BV
5.750%, 03/23/16

    820,000     869,442

Diageo Capital, Plc.
7.375%, 01/15/14

    1,330,000     1,541,336

FMC Finance III S.A.
6.875%, 07/15/17

    750,000     727,500

Ford Motor Credit Co., LLC
5.549%, 06/15/11 (a) (d)

    904,000     863,320

7.250%, 10/25/11

    3,420,000     3,321,535

7.375%, 10/28/09

    2,150,000     2,150,557

7.800%, 06/01/12

    5,000,000     4,832,255

Gaz Capital S.A. (144A)
6.510%, 03/07/22

    120,000     109,956

General Electric Capital Corp.
6.375%, 11/15/67 (a)

    6,110,000     5,056,025

6.875%, 01/10/39

    2,330,000     2,440,279

GMAC, LLC (144A)
6.625%, 05/15/12

    3,223,000     2,965,160

6.750%, 12/01/14

    411,000     349,350

6.875%, 09/15/11

    7,171,000     6,776,595

7.250%, 03/02/11

    25,000     24,062

7.500%, 12/31/13

    748,000     654,500

Goldman Sachs Capital II
5.793%, 12/29/49 (a)

    3,880,000     2,793,600

HSBC Finance Capital Trust IX
5.911%, 11/30/35 (a)

    50,000     37,500

ILFC E-Capital Trust II (144A)
6.250%, 12/21/65 (a)

    330,000     166,650

International Lease Finance Corp.
5.875%, 05/01/13

    50,000     39,327

JPMorgan Chase & Co.
5.125%, 09/15/14

    2,740,000     2,854,568

5.150%, 10/01/15

    510,000     529,112

6.625%, 03/15/12

    70,000     76,423

KAC Aquisition Co. (144A)
Zero Coupon, 04/26/26 (f)

    3,316     3

Lehman Brothers Holdings Capital Trust VII
5.857%, 11/29/49 (b)

    3,780,000     378

Lehman Brothers Holdings E-Capital Trust I
3.850%, 08/19/65 (b)

    1,080,000     108
Security Description   Par
Amount
  Value
   

Diversified Financial Services—(Continued)

 

Leucadia National Corp.
8.125%, 09/15/15

  $ 520,000   $ 530,400

Level 3 Financing, Inc.
9.250%, 11/01/14 (d)

    4,015,000     3,538,219

Petrobras International Finance Co.
6.125%, 10/06/16

    900,000     960,750

Reed Elsevier Capital, Inc.
8.625%, 01/15/19

    1,140,000     1,404,448

Resona Preferred Global Securities Cayman, Ltd. (144A)

 

7.191%, 12/29/49 (a)

    770,000     639,100

Rio Tinto Finance USA, Ltd.
6.500%, 07/15/18

    1,540,000     1,656,024

9.000%, 05/01/19

    1,640,000     2,013,221

RSHB Capital S.A. for OJSC Russian Agricultural Bank (144A)

 

6.299%, 05/15/17

    460,000     439,254

Shell International Finance BV
6.375%, 12/15/38

    850,000     1,009,335

Shinsei Finance Cayman, Ltd. (144A)
6.418%, 01/29/49 (a) (d)

    1,100,000     577,500

Sprint Capital Corp.
6.900%, 05/01/19

    30,000     26,850

8.375%, 03/15/12

    1,725,000     1,781,062

8.750%, 03/15/32

    160,000     151,200

SunTrust Capital VIII
6.100%, 12/01/66 (a)

    650,000     452,369

Telecom Italia Capital S.A.
5.250%, 10/01/15

    1,150,000     1,190,562

TNK-BP Finance S.A. (144A)
6.625%, 03/20/17

    240,000     220,512

7.500%, 07/18/16

    780,000     758,550

Verizon Wireless Capital, LLC (144A)
8.500%, 11/15/18

    220,000     274,699

VIP Finance Ireland, Ltd. for OJSC Vimpel Communications (144A)

8.375%, 04/30/13

    160,000     166,400

Virgin Media Finance, Plc.
9.125%, 08/15/16

    1,820,000     1,870,050

9.500%, 08/15/16

    600,000     631,500

Wells Fargo Capital X
5.950%, 12/15/36

    930,000     806,775

Wells Fargo Capital XV
9.750%, 12/31/49 (a) (d)

    3,300,000     3,432,000
       
      79,362,155
       

Diversified Telecommunication Services—2.4%

 

AT&T, Inc.
5.500%, 02/01/18

    1,820,000     1,898,943

6.550%, 02/15/39

    2,210,000     2,409,435

Frontier Communications Corp.
7.125%, 03/15/19

    165,000     155,513

Nordic Telephone Co. Holdings ApS (144A)
8.875%, 05/01/16

    2,310,000     2,390,850

Qwest Communications International, Inc. (144A)

 

8.000%, 10/01/15

    1,640,000     1,637,950

 

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-191


Table of Contents

Metropolitan Series Fund, Inc.

 

Western Asset Management Strategic Bond Opportunities Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Fixed Income—(Continued)

 

Security Description   Par
Amount
  Value
   

Diversified Telecommunication Services—(Continued)

Royal KPN NV
8.000%, 10/01/10

  $ 990,000   $ 1,051,307

Verizon Communications, Inc.
5.500%, 02/15/18

    970,000     1,016,997

8.950%, 03/01/39

    1,910,000     2,616,633

Verizon Florida, LLC
6.125%, 01/15/13

    70,000     74,922

Verizon New York, Inc.
6.875%, 04/01/12

    1,820,000     1,979,468

Windstream Corp.
8.625%, 08/01/16

    1,200,000     1,227,000
       
      16,459,018
       

Electric Utilities—1.1%

   

Edison Mission Energy
7.000%, 05/15/17 (d)

    170,000     141,950

7.200%, 05/15/19

    5,780,000     4,681,800

7.625%, 05/15/27

    190,000     135,850

7.750%, 06/15/16

    220,000     192,500

Exelon Corp.
5.625%, 06/15/35

    595,000     573,511

FirstEnergy Corp.
6.450%, 11/15/11

    34,000     36,773

7.375%, 11/15/31

    1,735,000     1,944,808
       
      7,707,192
       

Energy Equipment & Services—1.0%

   

Baker Hughes, Inc.
7.500%, 11/15/18

    1,350,000     1,648,764

Cie Generale de Geophysique-Veritas
7.500%, 05/15/15

    115,000     114,425

7.750%, 05/15/17

    480,000     476,400

Energy Transfer Partners, L.P.
9.000%, 04/15/19

    1,270,000     1,527,000

Kinder Morgan Energy Partners, L.P.
6.000%, 02/01/17

    1,410,000     1,473,578

6.950%, 01/15/38

    1,290,000     1,385,562
       
      6,625,729
       

Federal Agencies—8.4%

   

Farmer Mac Guaranteed Notes Trust (144A)

   

5.125%, 04/19/17

    3,400,000     3,682,771

Federal Home Loan Bank
5.500%, 07/15/36

    2,690,000     2,970,384

Federal Home Loan Mortgage Corp.
5.000%, 12/01/34

    114,491     118,825

5.500%, TBA

    6,300,000     6,593,341

11.565%, 06/15/21 (a) (e)

    54     1,229

Federal National Mortgage Association
Zero Coupon, 10/09/19

    1,210,000     676,336

5.000%, 08/01/34

    275,268     285,517

5.000%, 03/01/35

    235,034     243,784

5.000%, 05/01/35

    663,859     688,160
Security Description   Par
Amount
  Value
   

Federal Agencies—(Continued)

Federal National Mortgage Association
5.000%, TBA

  $ 20,000,000   $ 20,611,302

5.500%, TBA

    2,500,000     2,614,845

6.000%, TBA

    800,000     852,000

6.500%, 03/01/26

    14,574     15,736

7.000%, 05/01/26

    3,294     3,636

7.500%, 12/01/29

    3,716     4,162

7.500%, 06/01/30

    6,076     6,807

7.500%, 08/01/30

    1,131     1,267

7.500%, 11/01/30

    26,268     29,432

7.500%, 02/01/31

    1,843     2,065

8.000%, 08/01/27

    4,268     4,829

8.000%, 01/01/31

    119,551     135,511

8.500%, 08/01/19

    58,426     64,284

10.400%, 04/25/19

    2,094     2,310

Government National Mortgage Association 5.500%, TBA

    9,800,000     10,268,562

6.000%, TBA

    7,300,000     7,701,655
       
      57,578,750
       

Food & Staples Retailing—0.7%

   

CVS Caremark Corp.
6.600%, 03/15/19

    2,090,000     2,355,992

CVS Pass-Through Trust
6.943%, 01/10/30

    2,058,118     2,079,029

Dollar General Corp.
10.625%, 07/15/15

    295,000     325,975

Safeway, Inc.
7.250%, 02/01/31

    50,000     61,261
       
      4,822,257
       

Food Products—0.2%

   

Dole Food Co., Inc.
7.250%, 06/15/10

    915,000     915,000

8.875%, 03/15/11

    150,000     150,188

Dole Food Co., Inc. (144A)
8.000%, 10/01/16

    410,000     411,537
       
      1,476,725
       

Foreign Government—0.4%

   

Mexico Government International Bond
5.625%, 01/15/17 (d)

    1,260,000     1,307,880

Region of Lombardy Italy
5.804%, 10/25/32

    925,000     964,053

Russian Federation
11.000%, 07/24/18

    310,000     438,727
       
      2,710,660
       

Gas Utilities—0.3%

   

El Paso Natural Gas Co.
8.375%, 06/15/32

    330,000     396,196

Suburban Propane Partners, L.P.
6.875%, 12/15/13

    1,682,000     1,663,077
       
      2,059,273
       

 

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-192


Table of Contents

Metropolitan Series Fund, Inc.

 

Western Asset Management Strategic Bond Opportunities Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Fixed Income—(Continued)

 

Security Description   Par
Amount
  Value
   

Government Agency—0.9%

   

Tennessee Valley Authority
5.250%, 09/15/39

  $ 670,000   $ 706,932

5.980%, 04/01/36

    2,320,000     2,664,140

Virginia Housing Development Authority
6.000%, 06/25/34

    3,085,976     3,085,729
       
      6,456,801
       

Health Care Providers & Services—3.8%

   

HCA, Inc.
6.250%, 02/15/13

    1,143,000     1,091,565

6.375%, 01/15/15

    1,500,000     1,335,000

9.250%, 11/15/16

    690,000     713,288

9.625%, 11/15/16

    6,996,000     7,275,840

HCA, Inc. (144A)
9.125%, 11/15/14

    90,000     92,925

Humana, Inc.
7.200%, 06/15/18 (d)

    540,000     546,516

Tenet Healthcare Corp.
6.875%, 11/15/31

    95,000     74,100

7.375%, 02/01/13

    325,000     321,750

Tenet Healthcare Corp. (144A)
8.875%, 07/01/19

    2,321,000     2,448,655

9.000%, 05/01/15

    1,297,000     1,355,365

10.000%, 05/01/18

    1,297,000     1,429,942

U.S. Oncology Holdings, Inc.
6.428%, 03/15/12 (a)

    5,596,370     4,868,842

UnitedHealth Group, Inc.
6.000%, 02/15/18

    1,500,000     1,576,269

Vanguard Health Holdings Co. I, LLC
Zero Coupon, 10/01/15

    900,000     936,000

Vanguard Health Holdings Co. II, LLC
9.000%, 10/01/14

    1,295,000     1,320,900

WellPoint, Inc.
5.875%, 06/15/17

    130,000     137,213

7.000%, 02/15/19

    630,000     716,157
       
      26,240,327
       

Hotels, Restaurants & Leisure—1.3%

   

Boyd Gaming Corp.
6.750%, 04/15/14 (d)

    100,000     89,500

El Pollo Loco, Inc.
11.750%, 12/01/12

    220,000     231,825

11.750%, 11/15/13

    1,290,000     1,186,800

Harrah’s Operating Co., Inc. (144A)
10.000%, 12/15/18

    880,000     699,600

10.750%, 02/01/16 (d)

    1,570,000     1,267,775

Inn of the Mountain Gods Resort & Casino
12.000%, 11/15/10 (b)

    1,025,000     474,063

MGM Mirage
6.750%, 09/01/12 (d)

    320,000     268,000

7.625%, 01/15/17 (d)

    385,000     300,300

MGM Mirage (144A)
10.375%, 05/15/14

    575,000     613,812

11.125%, 11/15/17

    1,380,000     1,507,650

11.375%, 03/01/18 (d)

    900,000     846,000
Security Description   Par
Amount
  Value
   

Hotels, Restaurants & Leisure—(Continued)

 

Station Casinos, Inc.
6.500%, 02/01/14 (b)

  $ 125,000   $ 4,375

7.750%, 08/15/16 (b) (d)

    2,870,000     861,000

Turning Stone Resort Casino Enterprise (144A)
9.125%, 12/15/10

    275,000     272,250
       
      8,622,950
       

Household Durables—0.5%

   

Norcraft Cos., L.P.
9.000%, 11/01/11

    3,135,000     3,135,000

Norcraft Holdings, L.P.
0/9.750%, 09/01/12 (g)

    225,000     213,750
       
      3,348,750
       

Household Products—0.1%

   

ACCO Brands Corp. (144A)
10.625%, 03/15/15

    535,000     559,744
       

Independent Power Producers & Energy Traders—3.4%

Energy Future Holdings Corp.
12.000%, 11/01/17 (a)

    15,723,800     10,377,708

Mirant Mid Atlantic Pass-Through Trust
10.060%, 12/30/28

    2,893,654     2,951,527

Mirant North America, LLC
7.375%, 12/31/13

    400,000     398,000

NRG Energy, Inc.
7.375%, 02/01/16

    4,990,000     4,827,825

SemGroup, L.P. (144A)
8.750%, 11/15/15 (b)

    1,125,000     73,125

The AES Corp.
7.750%, 03/01/14

    35,000     35,263

7.750%, 10/15/15

    520,000     522,600

8.000%, 10/15/17

    3,850,000     3,874,062

8.875%, 02/15/11

    150,000     154,500

9.375%, 09/15/10

    403,000     415,090
       
      23,629,700
       

Industrial Conglomerates—0.5%

   

Corporacion Andina de Fomento
6.875%, 03/15/12

    2,900,000     3,130,852
       

Insurance—0.9%

   

American International Group, Inc.
5.850%, 01/16/18

    350,000     253,403

6.250%, 03/15/37

    760,000     376,200

8.250%, 08/15/18

    2,180,000     1,852,634

The Travelers Cos., Inc.
6.250%, 03/15/67 (a)

    4,400,000     3,868,594
       
      6,350,831
       

IT Services—0.5%

   

First Data Corp.
9.875%, 09/24/15 (d)

    1,000,000     923,750

 

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-193


Table of Contents

Metropolitan Series Fund, Inc.

 

Western Asset Management Strategic Bond Opportunities Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Fixed Income—(Continued)

 

Security Description   Par
Amount
  Value
   

IT Services—(Continued)

   

SunGard Data Systems, Inc.
10.250%, 08/15/15 (d)

  $ 2,500,000   $ 2,550,000
       
      3,473,750
       

Leisure Equipment & Products—0.0%

   

Seneca Gaming Corp.
7.250%, 05/01/12 (d)

    225,000     208,125
       

Machinery—0.1%

   

Terex Corp.
10.875%, 06/01/16 (d)

    685,000     746,650
       

Marine—0.1%

   

Overseas Shipholding Group, Inc.
7.500%, 02/15/24

    340,000     284,750

Teekay Corp.
8.875%, 07/15/11

    650,000     668,687
       
      953,437
       

Media—5.1%

   

Affinion Group, Inc.
10.125%, 10/15/13 (d)

    665,000     683,287

11.500%, 10/15/15 (d)

    1,790,000     1,839,225

Affinion Group, Inc. (144A)
10.125%, 10/15/13

    985,000     1,014,550

Cablevision Systems Corp.
8.000%, 04/15/12

    1,210,000     1,261,425

CCH I, LLC
11.000%, 10/01/15 (b) (d)

    2,984,000     552,040

Cengage Learning Aquisitions, Inc. (144A)
10.500%, 01/15/15

    2,190,000     2,069,550

Charter Communications Operating, LLC (144A)
10.000%, 04/30/12 (a) (b)

    1,560,000     1,587,300

12.875%, 09/15/14 (a) (b)

    6,695,000     7,247,337

Comcast Cable Communications Holdings, Inc.
8.375%, 03/15/13

    50,000     58,073

Comcast Cable Communications, LLC
8.875%, 05/01/17

    600,000     739,961

Comcast Corp.
5.875%, 02/15/18 (d)

    170,000     181,139

6.500%, 01/15/15

    1,890,000     2,106,010

6.500%, 01/15/17

    130,000     142,684

CSC Holdings, Inc.
6.750%, 04/15/12

    350,000     360,500

CSC Holdings, Inc. (144A)
8.500%, 06/15/15

    375,000     393,750

Dex Media West, LLC
8.500%, 08/15/10 (b)

    1,170,000     1,000,350

DirecTV Holdings, LLC (144A)
4.750%, 10/01/14

    620,000     622,509

DISH DBS Corp. (144A)
7.875%, 09/01/19

    3,235,000     3,267,350

EchoStar DBS Corp.
6.625%, 10/01/14

    320,000     311,200

7.750%, 05/31/15

    2,095,000     2,136,900
Security Description   Par
Amount
  Value
   

Media—(Continued)

   

Idearc, Inc.
8.000%, 11/15/16 (b)

  $ 8,740,000   $ 393,300

News America, Inc.
6.650%, 11/15/37

    100,000     104,170

R.H. Donnelley Corp.
6.875%, 01/15/13 (b)

    225,000     12,938

8.875%, 01/15/16 (b)

    225,000     12,938

Time Warner Cable, Inc.
5.850%, 05/01/17

    920,000     969,999

6.750%, 06/15/39

    540,000     583,975

8.250%, 04/01/19

    1,210,000     1,462,522

8.750%, 02/14/19

    350,000     431,175

Time Warner Entertainment Co., L.P.
8.375%, 07/15/33

    510,000     612,958

Time Warner, Inc.
7.625%, 04/15/31

    50,000     56,037

7.700%, 05/01/32

    30,000     33,924

Univision Communications, Inc. (144A)
12.000%, 07/01/14 (d)

    2,225,000     2,391,875

UPC Holding BV (144A)
9.875%, 04/15/18

    395,000     414,750
       
      35,055,701
       

Metals & Mining—2.4%

   

Alcoa, Inc.
6.000%, 07/15/13 (d)

    1,840,000     1,920,699

Barrick Gold Corp.
6.950%, 04/01/19

    680,000     796,100

Novelis, Inc.
7.250%, 02/15/15

    4,895,000     4,234,175

Ryerson, Inc.
12.000%, 11/01/15

    1,800,000     1,710,000

Steel Dynamics, Inc.
7.375%, 11/01/12

    550,000     555,500

Steel Dynamics, Inc. (144A)
8.250%, 04/15/16 (a)

    3,300,000     3,316,500

Teck Resources, Ltd.
9.750%, 05/15/14

    590,000     649,000

10.250%, 05/15/16

    500,000     565,000

10.750%, 05/15/19

    970,000     1,127,625

Vale Overseas, Ltd.
6.875%, 11/21/36

    1,070,000     1,106,948

Vedanta Resources, Plc. (144A)
8.750%, 01/15/14

    680,000     678,300
       
      16,659,847
       

Multi-Utilities—0.7%

   

Dynegy Holdings, Inc.
7.125%, 05/15/18

    115,000     88,550

7.750%, 06/01/19 (d)

    4,075,000     3,473,938

Dynegy-Roseton Danskammer Pass-Through Trust
7.670%, 11/08/16

    500,000     459,375

Pacific Gas & Electric Co.
6.050%, 03/01/34

    770,000     856,550
       
      4,878,413
       

 

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-194


Table of Contents

Metropolitan Series Fund, Inc.

 

Western Asset Management Strategic Bond Opportunities Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Fixed Income—(Continued)

 

Security Description   Par
Amount
  Value
   

Multiline Retail—0.9%

   

The Neiman Marcus Group, Inc.
7.125%, 06/01/28

  $ 3,810,000   $ 3,257,550

9.000%, 10/15/15 (a) (d)

    3,342,159     2,857,546
       
      6,115,096
       

Oil, Gas & Consumable Fuels—6.1%

   

Anadarko Petroleum Corp.
6.450%, 09/15/36

    910,000     939,569

8.700%, 03/15/19 (d)

    490,000     585,874

Belden & Blake Corp.
8.750%, 07/15/12

    1,665,000     1,548,450

Berry Petroleum Co.
10.250%, 06/01/14

    800,000     854,000

Cenovus Energy, Inc. (144A)
6.750%, 11/15/39

    470,000     506,441

Chesapeake Energy Corp.
6.250%, 01/15/18

    25,000     22,375

6.375%, 06/15/15

    425,000     394,719

6.500%, 08/15/17

    450,000     412,875

6.875%, 11/15/20

    2,420,000     2,153,800

9.500%, 02/15/15 (d)

    1,020,000     1,073,550

ConocoPhillips
6.500%, 02/01/39

    1,940,000     2,236,325

ConocoPhillips Holding Co.
6.950%, 04/15/29

    1,230,000     1,443,476

El Paso Corp.
7.375%, 12/15/12 (d)

    50,000     51,006

7.800%, 08/01/31

    45,000     41,270

7.875%, 06/15/12 (d)

    575,000     591,887

8.250%, 02/15/16

    4,255,000     4,361,375

Enterprise Products Operating, LLC
9.750%, 01/31/14

    2,630,000     3,175,428

Exco Resources, Inc.
7.250%, 01/15/11

    960,000     951,600

Hess Corp.
6.650%, 08/15/11

    2,330,000     2,500,337

7.300%, 08/15/31

    910,000     1,022,961

7.875%, 10/01/29

    240,000     281,114

Kerr-McGee Corp.
6.950%, 07/01/24

    500,000     535,324

7.875%, 09/15/31

    2,270,000     2,568,532

Noble Energy, Inc.
8.250%, 03/01/19

    1,000,000     1,207,131

OPTI Canada, Inc.
7.875%, 12/15/14

    430,000     328,950

8.250%, 12/15/14

    310,000     240,250

Peabody Energy Corp.
6.875%, 03/15/13

    120,000     121,200

Pemex Project Funding Master Trust
6.625%, 06/15/35

    410,000     396,034

Plains Exploration & Production Co.
8.625%, 10/15/19 (d)

    205,000     207,563

10.000%, 03/01/16 (d)

    1,100,000     1,185,250

Quicksilver Resources, Inc.
7.125%, 04/01/16 (d)

    250,000     216,875

11.750%, 01/01/16

    780,000     859,950
Security Description   Par
Amount
  Value
   

Oil, Gas & Consumable Fuels—(Continued)

 

SandRidge Energy, Inc.
8.625%, 04/01/15

  $ 2,000,000   $ 1,982,500

SandRidge Energy, Inc. (144A)
9.875%, 05/15/16

    85,000     88,613

Valero Energy Corp.
4.750%, 06/15/13

    50,000     50,059

Whiting Peteroleum Corp.
7.000%, 02/01/14

    205,000     202,438

7.250%, 05/01/12

    300,000     300,000

Williams Cos., Inc.
7.125%, 09/01/11

    50,000     53,016

7.500%, 01/15/31

    925,000     944,778

7.625%, 07/15/19

    125,000     134,956

7.750%, 06/15/31

    1,410,000     1,478,495

7.875%, 09/01/21

    1,091,000     1,180,092

8.750%, 03/15/32

    455,000     521,777

XTO Energy, Inc.
5.650%, 04/01/16

    1,620,000     1,693,161

6.250%, 08/01/17

    20,000     21,590

6.500%, 12/15/18

    280,000     309,109

6.750%, 08/01/37

    200,000     222,486
       
      42,198,561
       

Paper & Forest Products—1.1%

   

Abitibi-Consolidated Co. of Canada (144A)
13.750%, 04/01/11 (a) (b)

    1,580,000     1,556,300

Appleton Papers, Inc.
9.750%, 06/15/14 (d)

    4,280,000     1,931,350

Appleton Papers, Inc. (144A)
11.250%, 12/15/15

    570,000     563,255

NewPage Corp.
10.000%, 05/01/12

    3,290,000     2,171,400

NewPage Corp. (144A)
11.375%, 12/31/14

    1,315,000     1,291,988

PE Paper Escrow GmbH (144A)
12.000%, 08/01/14

    330,000     356,400
       
      7,870,693
       

Pharmaceuticals—0.5%

   

Elan Corp., Plc. (144A)
8.750%, 10/15/16

    250,000     246,775

Pfizer, Inc.
6.200%, 03/15/19

    820,000     924,252

Roche Holdings, Inc. (144A)
6.000%, 03/01/19

    780,000     865,276

Wyeth
5.500%, 03/15/13 (a)

    50,000     54,127

5.950%, 04/01/37

    1,190,000     1,310,479
       
      3,400,909
       

Real Estate Investment Trusts—0.5%

   

Boston Properties, L.P.
6.250%, 01/15/13 (d)

    65,000     67,484

 

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-195


Table of Contents

Metropolitan Series Fund, Inc.

 

Western Asset Management Strategic Bond Opportunities Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Fixed Income—(Continued)

 

Security Description   Par
Amount
  Value
   

Real Estate Investment Trusts—(Continued)

 

Ventas Realty, L.P.
9.000%, 05/01/12

  $ 3,050,000   $ 3,202,500
       
      3,269,984
       

Real Estate Management & Development—0.3%

 

Harrahs Operating Escrow, LLC (144A)
11.250%, 06/01/17

    1,685,000     1,731,338

Realogy Corp.
10.500%, 04/15/14 (d)

    660,000     478,500

11.000%, 04/15/14

    608     401
       
      2,210,239
       

Road & Rail—0.6%

   

Kansas City Southern de Mexico S.A. de C.V. (144A)

 

12.500%, 04/01/16

    2,400,000     2,652,000

RailAmerica, Inc. (144A)
9.250%, 07/01/17

    1,360,000     1,424,600
       
      4,076,600
       

Semiconductors & Semiconductor Equipment—0.1%

Freescale Semiconductor, Inc.
8.875%, 12/15/14 (d)

    100,000     76,500

10.125%, 12/15/16

    30,000     19,950

Sensata Technologies BV
8.000%, 05/01/14

    910,000     848,575
       
      945,025
       

Specialty Retail—0.5%

   

Blockbuster, Inc.
9.000%, 09/01/12 (d)

    865,000     553,600

Blockbuster, Inc. (144A)
11.750%, 10/01/14

    1,675,000     1,599,625

Limited Brands, Inc.
6.950%, 03/01/33 (d)

    60,000     45,054

Michaels Stores, Inc.
10.000%, 11/01/14 (d)

    1,080,000     1,063,800
       
      3,262,079
       

Textiles, Apparel & Luxury Goods—0.2%

   

Oxford Industries, Inc.
11.375%, 07/15/15

    1,360,000     1,456,900
       

Thrifts & Mortgage Finance—0.0%

   

Countrywide Home Loans, Inc.
4.000%, 03/22/11

    75,000     76,225
       

Tobacco—0.3%

   

Alliance One International, Inc. (144A)
10.000%, 07/15/16 (d)

    680,000     702,100

10.000%, 07/15/16

    390,000     402,675

Reynolds American, Inc.
6.750%, 06/15/17

    575,000     597,746
       
      1,702,521
       
Security Description   Par
Amount
  Value
   

Trading Companies & Distributors—0.8%

 

H&E Equipment Services, Inc.
8.375%, 07/15/16 (d)

  $ 500,000   $ 457,500

RSC Equipment Rental, Inc.
9.500%, 12/01/14 (d)

    5,250,000     5,066,250
       
      5,523,750
       

U.S. Treasury—8.0%

   

U.S. Treasury Bonds
3.500%, 02/15/39

    14,396,000     13,041,884

4.250%, 05/15/39

    7,810,000     8,079,687

4.500%, 08/15/39

    3,820,000     4,118,438

U.S. Treasury Inflation Indexed Bonds (TII)
1.750%, 01/15/28 (d)

    5,078,320     4,865,665

2.000%, 01/15/26

    1,204,428     1,201,792

2.375%, 01/15/27

    4,127,511     4,337,758

2.500%, 01/15/29

    611,885     657,585

U.S. Treasury Inflation Indexed Notes (TII)
1.625%, 01/15/15

    2,571,566     2,619,783

2.000%, 07/15/14

    685,518     712,510

U.S. Treasury Notes
1.750%, 08/15/12

    640,000     646,600

2.625%, 07/31/14

    10,000     10,167

2.750%, 02/15/19

    1,611,000     1,537,373

3.000%, 09/30/16 (a)

    4,500,000     4,517,928

3.125%, 05/15/19

    5,431,000     5,344,017

3.250%, 05/31/16

    2,840,000     2,909,447

3.625%, 08/15/19

    60,000     61,584
       
      54,662,218
       

Wireless Telecommunication Services—0.4%

America Movil S.A.B. de C.V.
5.625%, 11/15/17

    490,000     506,589

Cricket Communications, Inc. (144A)
7.750%, 05/15/16

    1,555,000     1,578,325

New Cingular Wireless Services, Inc.
8.750%, 03/01/31

    50,000     66,233

Rogers Communications, Inc.
6.800%, 08/15/18

    430,000     482,570

SBA Telecommunications, Inc. (144A)
8.250%, 08/15/19

    85,000     87,550
       
      2,721,267
       

Yankee—0.1%

   

Methanex Corp.
8.750%, 08/15/12

    85,000     87,125

Smurfit Kappa Treasury Funding, Ltd.
7.500%, 11/20/25

    275,000     224,125
       
      311,250
       

Total Fixed Income
(Identified Cost $764,373,144)

      660,777,507
       

 

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-196


Table of Contents

Metropolitan Series Fund, Inc.

 

Western Asset Management Strategic Bond Opportunities Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Preferred Stock—0.5%

 

    
Security Description
  Shares   Value
   

Chemicals—0.2%

   

Georgia Gulf Corp.

    47,633   $ 1,324,537
       

Diversified Financial Services—0.2%

   

Preferred Blocker, Inc. (144A) (h)

    2,564     1,491,046
       

Thrifts & Mortgage Finance—0.1%

   

Federal Home Loan Mortgage Corp.

    117,175     212,087

Federal National Mortgage Association

    84,850     136,608

Federal National Mortgage Association (144A)

    3,400     9,350
       
      358,045
       

Total Preferred Stock
(Identified Cost $6,932,853)

      3,173,628
       
Term Loans—0.3%            

IT Services—0.3%

   

First Data Corp.
3.223%, 09/24/14 (a)

    2,352,000     2,021,713
       

Total Term Loans
(Identified Cost $2,257,920)

      2,021,713
       
Common Stock—0.0%            

Chemicals—0.0%

   

Applied Extrusion Technologies, Inc. (Class B) (f) (h)

    2,424     5,454

Georgia Gulf Corp.

    2,127     63,798
       

Total Common Stock
(Identified Cost $148,979)

      69,252
       
Warrants—0.0%            

Wireless Telecommunication Services—0.0%

Leap Wireless International, Inc. (144A) (c) (f) (h)

    125     0
       

Yankee—0.0%

   

Republic of Venezuela (h)

    3,750     98,438
       

Total Warrants
(Identified Cost $40,147)

      98,438
       
Short Term Investments—14.8%  
Security Description   Par
Amount
  Value

Discount Notes—1.8%

   

Federal National Mortgage Association
0.010%, 01/11/10

  $ 10,000,000     9,993,767

0.010%, 01/25/10

    2,200,000     2,199,291
       
      12,193,058
       
    
Security Description
  Shares/Par
Amount
  Value  
   

Mutual Funds—5.1%

   

State Street Navigator Securities Lending Prime Portfolio (i)

    35,085,970   $ 35,085,970   
         

Repurchase Agreement—7.9%

   

JPMorgan Tri-Party Repurchase Agreement dated 9/30/09 at 0.030% to be repurchased at $54,300,045 on 10/01/09, collateralized by $55,130,000 Federal National Mortgage Association due 01/13/14 with a value of $55,386,010.

  $ 54,300,000     54,300,000   
         

Total Short Term Investments
(Identified Cost $101,579,028)

      101,579,028   
         

Total Investments—111.7%
(Identified Cost $875,332,071) (j)

      767,719,566   

Liabilities in excess of other assets

      (80,139,933
         
Net Assets—100%     $ 687,579,633   
         

 

(a) Variable or Floating Rate Security. Rate disclosed is as of September 30, 2009.
(b) Non-Income Producing; Defaulted Bond.
(c) Zero Valued Security.
(d) All or a portion of the security was on loan. As of September 30, 2009, the market value of securities loaned was $34,344,726 and the collateral received consisted of cash in the amount of $35,085,970. The cash collateral is invested in a money market fund managed by an affiliate of the custodian.
(e) Interest Only Certificate. This security receives monthly interest payments but is not entitled to principal payments.
(f) Security was valued in good faith under procedures established by the Board of Directors.
(g) Step Bond: Coupon rate is set for an initial period and then increased to a higher coupon rate at a specified date. Rate disclosed is as of September 30, 2009.
(h) Non-Income Producing.
(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, 2009 was $875,794,112 and the composition of unrealized appreciation and depreciation of investment securities was $24,866,003 and $(132,940,549), 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, 2009, the market value of 144A securities was $113,138,306, which is 16.5% 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.

 

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-197


Table of Contents

Metropolitan Series Fund, Inc.

 

Western Asset Management Strategic Bond Opportunities Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Futures Contracts         

Futures Contracts-Long

   Counterparty    Expiration
Date
   Number of
Contracts
    Contract
Amount
    Valuation as of
9/30/2009
    Unrealized
Appreciation/
Depreciation
 

90 Day Eurodollar Futures

   JPMorgan Chase    3/15/2010    504      $ 124,546,943      $ 125,212,500      $ 665,557   

90 Day Eurodollar Futures

   JPMorgan Chase    6/14/2010    72        17,766,234        17,825,400        59,166   

U.S. Treasury Note 2 Year Futures

   JPMorgan Chase    12/31/2009    27        5,826,994        5,858,156        31,162   

U.S. Treasury Note 10 Year Futures

   JPMorgan Chase    12/21/2009    766        88,895,287        90,639,344        1,744,057   

Futures Contracts-Short

                                  

U.S. Treasury Note 5 Year Futures

   JPMorgan Chase    12/31/2009    (318     (36,409,264     (36,917,813     (508,549

U.S. Treasury Bond 30 Year Futures

   JPMorgan Chase    12/21/2009    (33     (3,954,768     (4,005,375     (50,607
                    

Net Unrealized Appreciation

               $ 1,940,786   
                    
Options Written         

Options Written-Calls

   Counterparty    Expiration
Date
   Number of
Contracts
    Premiums
Received
    Valuation as of
9/30/2009
    Unrealized
Appreciation/
Depreciation
 

Eurodollar Futures 99.5 Call

   JPMorgan Chase    3/15/2010    (118   $ (31,917   $ (34,663   $ (2,746

U.S. Treasury Bond Futures 121 Call

   JPMorgan Chase    11/20/2009    (137     (326,195     (351,063     (24,868

Options Written-Puts

                                  

Eurodollar Futures 99.125 Put

   JPMorgan Chase    3/15/2010    (191     (74,579     (69,237     5,342   
                    

Net Unrealized Depreciation

               $ (22,272
                    

 

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-198


Table of Contents

Metropolitan Series Fund, Inc.

 

Western Asset Management Strategic Bond Opportunities Portfolio

 

 

VALUATION INPUTS

 

The Portfolio is subject to the provisions of the Statement of Financial Accounting Standards No. 157, Fair Value Measurements (“FAS 157”). FAS 157 establishes a framework for measuring fair value and expands disclosures about fair value measurements in 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 Portfolio’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 investments as of September 30, 2009:

 

Description    Level 1    Level 2    Level 3    Total
Common Stock            

Chemicals

   $ 63,798    $ —      $ 5,454    $ 69,252

Preferred Stock

           

Chemicals

     1,324,537      —        —        1,324,537

Diversified Financial Services

     —        1,491,046      —        1,491,046

Thrifts & Mortgage Finance

     348,695      9,350      —        358,045

Total Preferred Stock

     1,673,232      1,500,396      —        3,173,628

Total Warrants

     —        —        98,438      98,438

Fixed Income

           

Aerospace & Defense

     —        7,839,640      —        7,839,640

Airlines

     —        3,188,796      —        3,188,796

Asset Backed

     —        27,932,145      —        27,932,145

Auto Components

     —        3,830,437      —        3,830,437

Automobiles

     —        1,792,925      —        1,792,925

Beverages

     —        1,401,617      —        1,401,617

Building Products

     —        3,913,425      —        3,913,425

Capital Markets

     —        6,449,339      —        6,449,339

Collateralized-Mortgage Obligation

     —        97,296,762      —        97,296,762

Commercial Banks

     —        9,170,441      1,258,000      10,428,441

Commercial Mortgage-Backed Securities

     —        18,521,302      —        18,521,302

Commercial Services & Supplies

     —        3,123,675      —        3,123,675

Communications Equipment

     —        2,858,750      —        2,858,750

Construction & Engineering

     —        933,675      —        933,675

Consumer Finance

     —        8,456,443      —        8,456,443

Containers & Packaging

     —        283,019      —        283,019

Diversified Consumer Services

     —        3,606,162      —        3,606,162

Diversified Financial Services

     —        79,362,155      —        79,362,155

Diversified Telecommunication Services

     —        16,459,018      —        16,459,018

Electric Utilities

     —        7,707,192      —        7,707,192

Energy Equipment & Services

     —        6,625,729      —        6,625,729

Federal Agencies

     —        57,578,750      —        57,578,750

Food & Staples Retailing

     —        4,822,257      —        4,822,257

Food Products

     —        1,476,725      —        1,476,725

Foreign Government

     —        2,710,660      —        2,710,660

Gas Utilities

     —        2,059,273      —        2,059,273

Government Agency

     —        6,456,801      —        6,456,801

Health Care Providers & Services

     —        26,240,327      —        26,240,327

Hotels, Restaurants & Leisure

     —        8,622,950      —        8,622,950

Household Durables

     —        3,348,750      —        3,348,750

Household Products

     —        559,744      —        559,744

Independent Power Producers & Energy Traders

     —        23,629,700      —        23,629,700

Industrial Conglomerates

     —        3,130,852      —        3,130,852

Insurance

     —        6,350,831      —        6,350,831

IT Services

     —        3,473,750      —        3,473,750

Leisure Equipment & Products

     —        208,125      —        208,125

Machinery

     —        746,650      —        746,650

 

MSF-199


Table of Contents

Metropolitan Series Fund, Inc.

 

Western Asset Management Strategic Bond Opportunities Portfolio

 

 

Description    Level 1     Level 2    Level 3    Total  

Marine

   $ —        $ 953,437    $ —      $ 953,437   

Media

     —          35,055,701      —        35,055,701   

Metals & Mining

     —          16,659,847      —        16,659,847   

Multi-Utilities

     —          4,878,413      —        4,878,413   

Multiline Retail

     —          6,115,096      —        6,115,096   

Oil, Gas & Consumable Fuels

     —          42,198,561      —        42,198,561   

Paper & Forest Products

     —          7,870,693      —        7,870,693   

Pharmaceuticals

     —          3,400,909      —        3,400,909   

Real Estate Investment Trusts

     —          3,269,984      —        3,269,984   

Real Estate Management & Development

     —          2,210,239      —        2,210,239   

Road & Rail

     —          4,076,600      —        4,076,600   

Semiconductors & Semiconductor Equipment

     —          945,025      —        945,025   

Specialty Retail

     —          3,262,079      —        3,262,079   

Textiles, Apparel & Luxury Goods

     —          1,456,900      —        1,456,900   

Thrifts & Mortgage Finance

     —          76,225      —        76,225   

Tobacco

     —          1,702,521      —        1,702,521   

Trading Companies & Distributors

     —          5,523,750      —        5,523,750   

U.S. Treasury

     —          54,662,218      —        54,662,218   

Wireless Telecommunication Services

     —          2,721,267      —        2,721,267   

Yankee

     —          311,250      —        311,250   

Total Fixed Income

     —          659,519,507      1,258,000      660,777,507   
Term Loans           

IT Services

     —          —        2,021,713      2,021,713   
Short Term Investments           

Discount Notes

     —          12,193,058      —        12,193,058   

Mutual Funds

     35,085,970        —        —        35,085,970   

Repurchase Agreement

     —          54,300,000      —        54,300,000   

Total Short Term Investments

     35,085,970        66,493,058      —        101,579,028   

Total Investments

   $ 36,823,000      $ 727,512,961    $ 3,383,605    $ 767,719,566   
                                
Futures Contracts*           

Futures Contracts Long (Appreciation)

   $ 2,499,942      $ —      $ —      $ 2,499,942   

Futures Contracts Short (Depreciation)

     (559,156     —        —        (559,156
Written Options*           

Call Options Written (Depreciation)

     (27,614     —        —        (27,614

Put Options Written (Appreciation)

     5,342        —        —        5,342   

Total Liabilities

   $ 1,918,514      $ —      $ —      $ 1,918,514   
                                

 

* Derivative instruments such as forwards, futures, swap contracts and written options 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:

 

      Common
Stock
    Preferred
Stock
    Warrants    Fixed
Income
    Term
Loans
    Total  

Balance as of December 31, 2008

   $ 16,968      $ 5      $ 93,750    $ 355,453      $ 1,521,488      $ 1,987,664   

Transfers In (Out) of Level 3

     0        0        0      0        0        0   

Accrued discounts/premiums

     0        0        0      47,561        0        47,561   

Realized Gain (Loss)

     0        (300     0      (509,052     960        (508,392

Change in unrealized appreciation (depreciation)

     (11,514     295        4,688      1,364,038        523,265        1,880,772   

Net Purchases (Sales)

     0        0        0      0        (24,000     (24,000

Balance as of September 30, 2009

   $ 5,454      $ 0      $ 98,438    $ 1,258,000      $ 2,021,713      $ 3,383,605   

 

MSF-200


Table of Contents

Metropolitan Series Fund, Inc.

 

Western Asset Management U.S. Government Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Fixed Income—75.6% of Net Assets

 

Security Description   Par
Amount
  Value
   

Asset Backed—2.0%

   

AAMES Mortgage Investment Trust (144A)
0.396%, 08/25/35 (a)

  $ 83,868   $ 75,102

ACE Securities Corp.
0.376%, 02/25/31 (a)

    2,893,269     2,134,564

Amortizing Residential Collateral Trust
0.546%, 01/01/32 (a)

    106,470     45,573

Bayview Financial Aquisition Trust
0.846%, 08/28/44 (a)

    44,338     38,217

Bayview Financial Asset Trust (144A)
0.846%, 12/25/39 (a)

    668,793     441,330

Bear Stearns Asset Backed Securities Trust
0.356%, 10/25/36 (a)

    1,001,964     941,047

0.596%, 09/25/34 (a)

    1,819,138     1,715,980

Compucredit Acquired Portfolio Voltage Master Trust (144A)

 

0.413%, 09/15/18 (a)

    3,427,068     2,399,016

Countrywide Home Equity Loan Trust
0.383%, 12/25/31 (a)

    3,962,839     1,407,214

0.523%, 02/15/34 (a)

    595,387     244,383

0.533%, 02/15/34 (a)

    396,204     170,210

0.613%, 12/15/28 (a)

    363,455     286,181

0.793%, 08/15/37 (a)

    682,067     314,487

EMC Mortgage Loan Trust (144A)
0.696%, 12/25/42 (a)

    171,879     110,719

Fremont Home Loan Trust
0.346%, 08/25/36 (a)

    491,654     263,488

GMAC Mortgage Corp. Loan Trust
0.426%, 07/25/36 (a)

    1,467,323     568,693

0.456%, 11/25/36 (a)

    7,885,779     2,645,240

GSAMP Trust
0.336%, 07/05/36 (a)

    1,513,912     122,979

GSR Mortgage Loan Trust
0.516%, 11/25/30 (a)

    1,873,388     99,591

Indymac Seconds Asset Backed Trust
0.376%, 06/25/36 (a)

    5,487,574     457,947

Lehman XS Trust
0.336%, 02/25/37 (a)

    2,597,295     2,203,772

0.366%, 06/25/37 (a)

    3,750,425     2,658,602

Morgan Stanley Mortgage Loan Trust
0.336%, 09/25/46 (a)

    448,039     245,554

0.366%, 10/25/36 (a)

    906,230     822,845

0.396%, 03/25/36 (a)

    3,060,944     498,162

Nelnet Student Loan Trust
1.984%, 04/25/24 (a)

    2,490,000     2,550,607

Option One Mortgage Loan Trust
0.826%, 06/25/33 (a)

    213,215     141,193

Ownit Mortgage Loan Asset Backed Certificates

 

5.290%, 12/25/36 (a)

    2,392,660     1,356,131

RAAC Series (144A)
0.516%, 05/25/36 (a)

    3,824,670     1,619,139

SACO I, Inc.
0.376%, 06/25/36 (a)

    3,265,927     311,850

0.396%, 04/25/36 (a)

    1,273,598     159,494

0.496%, 07/25/35 (a)

    58,642     53,278

0.506%, 06/25/36 (a)

    47,124     7,925
Security Description   Par
Amount
  Value
   

Asset Backed—(Continued)

 

SLM Student Loan Trust
0.494%, 07/25/17 (a)

  $ 1,559,676   $ 1,558,622

0.514%, 10/25/17 (a)

    110,912     110,913

Soundview Home Equity Loan Trust
5.546%, 10/25/36 (a)

    3,247,308     2,411,976

Structured Asset Securities Corp. (144A)
0.356%, 02/25/36 (a)

    2,862,016     234,653

WMC Mortgage Loan Pass-Through Certificates

 

0.876%, 07/20/29 (a)

    55,497     41,616
       
      31,468,293
       

Collateralized-Mortgage Obligation—6.9%

American Home Mortgage Assets
0.436%, 11/25/36 (a)

    4,406,617     2,079,984

0.436%, 09/25/46 (a)

    1,596,773     747,206

Banc of America Funding Corp.
3.029%, 06/20/35 (a)

    655,847     296,969

5.791%, 10/25/36 (a)

    248,430     224,103

Banc of America Mortgage Securities, Inc.
4.996%, 07/25/35 (a)

    411,301     341,757

Bear Stearns Alt-A Trust
5.956%, 05/25/36 (a)

    2,925,994     1,479,159

Citigroup Mortgage Loan Trust, Inc.
4.700%, 12/25/35 (a)

    762,197     651,264

Countrywide Alternative Loan Trust
0.436%, 09/25/46 (a)

    760,349     336,528

0.446%, 07/25/36 (a)

    7,307,975     2,875,146

0.476%, 07/20/35 (a)

    2,259,687     1,196,388

0.516%, 11/25/35 (a)

    433,705     209,914

0.536%, 05/25/34 (a)

    7,333,520     4,693,252

1.346%, 02/25/36 (a)

    3,248,418     1,528,075

Countrywide Home Loan Mortgage Pass-Through Trust (144A)

 

0.606%, 03/25/35 (a)

    326,614     244,862

0.666%, 07/25/36 (a)

    3,629,048     2,726,162

Deutsche Mortgage Securities, Inc. (144A)
5.132%, 06/26/35 (a)

    4,870,000     3,201,835

First Horizon Alternative Mortgage Securities
0.616%, 02/25/37 (a)

    653,565     320,831

GMAC Mortgage Corp. Loan Trust
4.485%, 11/19/35 (a)

    1,694,202     1,395,877

Greenpoint Mortgage Funding Trust
0.326%, 03/25/37 (a)

    766,848     424,561

GSMPS Mortgage Loan Trust (144A)
0.596%, 01/25/35 (a)

    809,759     493,541

0.596%, 09/25/35 (a)

    1,032,059     663,205

0.646%, 06/25/34 (a)

    1,421,122     1,094,008

5.213%, 06/25/34 (a)

    7,645,728     3,832,736

GSR Mortgage Loan Trust
4.692%, 04/25/35 (a)

    1,692,090     1,428,172

Harborview Mortgage Trust
0.396%, 03/19/38 (a)

    821,747     389,211

0.426%, 11/19/46 (a)

    287,660     131,880

0.446%, 10/19/37 (a)

    738,395     349,399

Impac Secured Assets CMN Owner Trust
0.566%, 03/25/36 (a)

    8,232,173     3,530,041

 

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-201


Table of Contents

Metropolitan Series Fund, Inc.

 

Western Asset Management U.S. Government Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Fixed Income—(Continued)

 

 

Security Description   Par
Amount
  Value
   

Collateralized-Mortgage Obligation—(Continued)

JPMorgan Mortgage Trust
4.599%, 07/25/34 (a)

  $ 1,195,667   $ 1,139,184

Lehman XS Trust
0.376%, 06/25/37 (a)

    712,234     461,517

Luminent Mortgage Trust
0.436%, 05/25/46 (a)

    5,261,499     2,121,155

Mastr Adjustable Rate Mortgages Trust
0.446%, 05/25/47 (a)

    11,115,811     5,023,374

2.010%, 12/25/46 (a)

    10,476,674     3,232,054

4.322%, 02/25/34 (a)

    429,765     356,809

5.266%, 12/25/34 (a)

    39,985     27,907

Mastr Reperforming Loan Trust (144A)
0.596%, 05/25/35 (a)

    674,429     464,635

5.058%, 05/25/35 (a)

    7,531,898     4,675,501

5.853%, 05/25/36 (a)

    6,536,838     5,523,628

6.000%, 08/25/34

    179,861     142,430

7.000%, 08/25/34

    796,448     636,985

Mastr Seasoned Securities Trust
5.289%, 10/25/32 (a)

    56,536     45,514

Merrill Lynch Mortgage Investors, Inc.
0.516%, 04/25/35 (a)

    118,089     77,593

Morgan Stanley Mortgage Loan Trust
0.316%, 06/25/36 (a)

    1,973,058     1,714,138

3.433%, 06/26/36 (a)

    4,978,310     4,056,631

3.865%, 10/25/34 (a)

    347,357     295,491

4.004%, 07/25/35 (a)

    607,222     372,873

Nomura Asset Acceptance Corp. (144A)
6.500%, 03/25/34

    78,339     69,624

Novastar Mortgage-Backed Notes
0.436%, 06/25/36 (a)

    5,301,302     2,511,417

Provident Funding Mortgage Loan Trust
3.907%, 10/25/35 (a)

    425,453     392,407

4.332%, 05/25/35 (a)

    2,642,599     2,119,797

Residential Accredit Loans, Inc.
0.336%, 10/25/46 (a)

    4,408,339     3,793,179

0.406%, 01/25/37 (a)

    946,215     430,601

0.646%, 10/25/45 (a)

    807,236     430,497

5.815%, 12/25/35 (a)

    4,835,420     2,151,175

Residential Funding Mortgage Securities I
4.750%, 12/25/18

    2,827,624     2,851,483

SACO I, Inc. (144A)
8.965%, 06/25/21 (a)

    3,821,107     3,920,227

Structured Adjustable Rate Mortgage Loan Trust

 

5.291%, 05/25/35 (a)

    8,827,932     5,253,020

Structured Asset Mortgage Investments, Inc.

 

0.426%, 09/25/37 (a)

    4,748,622     2,110,102

0.426%, 07/25/46 (a)

    505,152     237,081

0.456%, 08/25/36 (a)

    836,572     409,985

Structured Asset Securities Corp. (144A)
0.596%, 04/25/35 (a)

    5,946,145     4,514,162

0.646%, 09/25/33 (a)

    98,629     80,875

5.312%, 06/25/35 (a)

    346,852     281,449

Thornburg Mortgage Securities Trust
0.396%, 06/25/37 (a)

    7,341,627     6,654,175

6.194%, 09/25/37 (a)

    322,353     262,500

6.206%, 09/25/37 (a)

    335,417     270,165
Security Description   Par
Amount
  Value
   

Collateralized-Mortgage Obligation—(Continued)

WaMu Mortgage Pass-Through Certificates

 

0.506%, 11/25/45 (a)

  $ 159,499   $ 95,436

0.516%, 12/25/45 (a)

    4,377,381     2,644,716

0.536%, 12/25/45 (a)

    345,241     197,997

0.566%, 08/25/45 (a)

    396,864     249,910

0.646%, 08/25/45 (a)

    815,474     332,680

4.653%, 04/25/35 (a)

    100,000     70,949
       
      109,589,094
       

Commercial Mortgage-Backed Securities—1.1%

Banc of America Commercial Mortgage, Inc.

 

5.620%, 02/10/51

    80,000     73,761

Credit Suisse Mortgage Capital Certificates

 

5.311%, 12/15/39

    5,100,000     4,140,068

JPMorgan Chase Commercial Mortgage Securities Corp.

 

5.420%, 01/15/49

    780,000     657,500

5.429%, 12/12/43

    8,240,000     7,619,626

LB-UBS Commercial Mortgage Trust
5.661%, 03/15/39 (a)

    3,480,000     3,260,666

Merrill Lynch Mortgage Trust
5.840%, 05/12/39 (a)

    2,757,500     2,588,590
       
      18,340,211
       

Federal Agencies—42.8%

   

Federal Farm Credit Bank
2.750%, 05/04/10

    29,000,000     29,413,598

Federal Home Loan Bank
3.100%, 02/04/10

    30,185,000     30,473,327

5.250%, 12/11/20

    12,000,000     13,379,184

Federal Home Loan Mortgage Corp.
1.750%, 06/15/12 (b)

    9,100,000     9,148,039

2.125%, 03/23/12 (b)

    9,200,000     9,370,402

4.000%, 05/01/19

    113,975     118,546

4.082%, 01/01/35 (a)

    63,294     64,841

4.163%, 01/01/35 (a)

    104,989     107,913

4.500%, 04/15/32

    304,579     303,245

4.500%, 04/01/33

    1,791,832     1,824,123

4.500%, 04/01/35

    1,352,764     1,374,182

5.000%, 12/01/18

    1,111,977     1,182,377

5.000%, 08/01/19

    1,544,360     1,639,314

5.000%, 08/01/33

    206,228     214,163

5.000%, 12/01/34

    286,227     297,062

5.000%, 10/01/35

    7,006,212     7,264,858

5.000%, 05/01/36

    2,009,934     2,084,134

5.125%, 11/17/17 (b)

    6,500,000     7,222,026

5.500%, 07/01/35

    1,510,232     1,586,530

5.500%, 10/01/35

    5,883,096     6,180,315

5.500%, 07/01/37

    3,046,182     3,192,939

5.500%, 12/01/37

    95,084,145     99,693,059

5.553%, 11/01/37 (a)

    1,271,787     1,339,564

5.672%, 01/01/37 (a)

    939,133     992,772

5.705%, 02/01/37 (a)

    98,976     104,516

5.813%, 11/01/37 (a)

    1,031,828     1,089,062

5.843%, 01/01/37 (a)

    1,552,371     1,643,441

5.875%, 05/01/37 (a)

    255,139     269,935

 

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-202


Table of Contents

Metropolitan Series Fund, Inc.

 

Western Asset Management U.S. Government Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Fixed Income—(Continued)

 

 

Security Description   Par
Amount
  Value
   

Federal Agencies—(Continued)

   

Federal Home Loan Mortgage Corp.
5.913%, 05/01/37 (a)

  $ 286,426   $ 303,405

6.000%, 10/01/10

    61     63

6.000%, 10/01/28

    54,484     58,182

6.000%, 11/01/28

    74,457     79,511

6.000%, 12/01/31

    62,568     66,697

6.000%, 10/01/37

    5,072,865     5,366,457

6.000%, 12/01/37

    51,339,374     54,310,640

6.385%, 10/01/36 (a)

    595,877     632,032

6.500%, 08/01/13

    8,281     8,722

6.500%, 03/01/26

    1,966     2,120

6.500%, 07/01/26

    39,054     42,106

6.500%, 09/01/31

    105,198     113,257

7.000%, 07/01/11

    2,463     2,569

7.500%, 05/01/32

    198,425     222,919

8.000%, 12/01/19

    8,373     9,036

8.000%, 07/01/20

    19,880     21,517

8.000%, 09/01/30

    16,413     18,621

8.500%, 06/15/21

    113,376     123,828

9.000%, 10/01/17

    3,048     3,374

Federal National Mortgage Association
4.000%, 08/01/19

    57,716     60,031

4.000%, 08/01/20

    853,962     871,133

4.000%, 05/01/33

    728,854     723,084

4.254%, 12/01/34 (a)

    157,741     162,343

4.500%, 05/01/19

    860,180     905,969

4.500%, 09/01/19

    1,866,594     1,965,957

4.500%, 03/01/20

    419,567     439,541

4.500%, 04/01/20

    15,462     16,198

4.500%, 08/01/35

    139,050     141,556

4.500%, 10/01/35

    335,655     341,704

4.750%, 11/19/12 (b)

    7,550,000     8,244,887

5.000%, 10/01/17

    1,742,937     1,852,824

5.000%, 12/01/17

    10,241,656     10,887,360

5.000%, 02/01/18

    2,137,162     2,271,318

5.000%, 03/01/18

    1,744,913     1,855,819

5.000%, 04/01/18

    2,524,836     2,682,440

5.000%, 05/01/18

    877,028     931,773

5.000%, 06/01/18

    2,434,452     2,586,416

5.000%, 11/01/18

    2,728,360     2,898,669

5.000%, 10/01/20

    1,504,940     1,591,357

5.000%, 11/01/33

    8,245,496     8,560,199

5.000%, 07/01/34

    9,846,535     10,213,113

5.000%, 08/01/34

    880,859     913,653

5.000%, 03/01/35

    646,342     670,405

5.000%, 06/01/35

    9,030,630     9,366,833

5.000%, 08/01/35

    6,664,661     6,908,617

5.000%, 09/01/35

    2,692,220     2,790,766

5.000%, 10/01/35

    9,163,331     9,498,747

5.000%, 12/01/35

    470,994     488,235

5.000%, 11/01/36

    2,130,928     2,208,929

5.000%, 06/01/38

    54,570     56,453

5.000%, 07/01/38

    6,286,670     6,503,665

5.000%, TBA

    33,000,000     34,082,796

5.121%, 01/25/43 (a)

    732,830     753,790

5.500%, 08/01/22

    387,303     410,208

5.500%, 12/01/22

    36,294     38,440
Security Description   Par
Amount
  Value
   

Federal Agencies—(Continued)

   

5.500%, 09/01/24

  $ 2,496,441   $ 2,645,993

5.500%, 02/01/35

    10,457,362     11,005,284

5.500%, 04/01/35

    2,774,457     2,913,758

5.500%, 09/01/35

    8,197,264     8,608,835

5.500%, 12/01/35

    692,481     727,249

5.500%, 02/01/36 (a)

    12,710,226     13,365,649

5.500%, 11/01/36

    17,606,797     18,466,045

5.500%, 08/01/37

    11,504,112     12,081,714

5.500%, 04/01/38

    245,795     257,483

5.500%, 05/01/38

    1,708,814     1,790,071

5.500%, TBA

    26,700,000     28,164,949

5.586%, 05/01/36 (a)

    11,657,862     12,276,646

6.000%, 06/01/32

    209,505     223,135

6.000%, 01/01/33

    674,930     718,843

6.000%, 04/01/35

    5,717,646     6,080,851

6.000%, 10/01/36

    10,213,081     10,807,355

6.000%, 11/01/36

    8,812,203     9,324,963

6.000%, 09/01/37

    119,333     126,165

6.000%, 10/01/37

    19,698,997     20,826,765

6.000%, 11/01/37

    42,257,196     44,676,421

6.469%, 07/01/37 (a)

    640,348     685,172

6.500%, 12/01/10

    614     630

6.500%, 04/01/13

    25,665     27,474

6.500%, 07/01/13

    15,127     16,193

6.500%, 06/01/17

    290,223     313,294

6.500%, 03/01/26

    3,458     3,733

6.500%, 12/01/27

    6,458     6,982

6.500%, 04/01/29

    208,102     225,034

6.500%, 05/01/32

    304,362     326,112

6.500%, 07/01/32

    2,467,666     2,702,766

6.500%, 09/01/34

    268,221     288,349

6.500%, 11/01/36

    485,740     520,293

6.500%, 09/01/37

    673,528     721,018

6.500%, 10/01/37

    41,902     44,856

6.500%, TBA

    20,000,000     21,375,000

7.000%, 12/01/14

    16,779     17,994

7.000%, 07/01/15

    3,372     3,640

7.000%, 11/01/23

    5,044     5,574

7.000%, 02/01/28

    14,658     16,195

7.000%, 10/01/28

    125,482     138,710

7.000%, 11/01/28

    6,953     7,650

7.000%, 02/01/29

    23,777     26,272

7.000%, 01/01/30

    9,768     10,803

7.000%, 11/01/31

    86,805     95,851

7.000%, 01/01/34

    501,572     551,954

7.500%, 02/01/16

    63,513     69,135

7.500%, 11/01/29

    49,024     54,916

7.500%, 11/01/30

    19,701     22,074

7.500%, 01/01/31

    8,825     9,887

7.500%, 04/01/32

    41,897     46,776

7.500%, 05/01/32

    24,966     27,874

8.000%, 05/01/28

    7,595     8,604

8.000%, 08/01/30

    3,162     3,584

8.000%, 10/01/30

    10,163     11,522

8.000%, 02/01/31

    281,968     319,526

8.000%, 07/01/32

    1,351     1,532

 

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-203


Table of Contents

Metropolitan Series Fund, Inc.

 

Western Asset Management U.S. Government Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Fixed Income—(Continued)

 

 

Security Description   Par
Amount
  Value
   

Federal Agencies—(Continued)

   

Federal National Mortgage Association
11.500%, 09/01/19

  $ 474   $ 527

12.000%, 10/01/15

    27,107     30,202

12.000%, 01/15/16

    962     1,074

12.500%, 09/20/15

    1,293     1,458

12.500%, 01/15/16

    11,194     12,763

Government National Mortgage Association

 

5.500%, 09/15/34

    1,705,503     1,800,105

5.500%, 06/15/35

    455,264     479,947

5.500%, 12/15/35

    3,670,095     3,869,083

6.000%, 03/15/33

    3,934,232     4,196,105

6.000%, 10/15/36

    419,757     444,581

6.000%, 02/15/37

    100,997     106,986

6.000%, 11/15/37

    129,609     137,239

6.000%, TBA

    10,000,000     10,546,001

6.500%, 06/15/31

    18,865     20,359

6.500%, 08/15/34

    567,786     604,799

7.000%, 09/15/31

    31,262     34,538

7.500%, 01/15/29

    13,733     15,392

7.500%, 09/15/29

    9,747     10,924

7.500%, 02/15/30

    17,754     19,591

7.500%, 05/15/30

    12,876     14,436

7.500%, 09/15/30

    26,459     29,664

8.500%, 05/15/18

    17,936     19,941

8.500%, 06/15/25

    101,088     115,776

9.000%, 12/15/16

    9,733     10,636
       
      684,171,031
       

Government Agency—1.3%

   

Financing Corp. Strips
Zero Coupon, 06/27/11

    13,949,000     13,560,423

National Archives Facility Trust
8.500%, 09/01/19

    4,468,137     5,338,218

Tennessee Valley Authority
5.250%, 09/15/39

    1,580,000     1,667,094
       
      20,565,735
       

U.S. Treasury—21.5%

   

U.S. Treasury Bond Principal Strip
Zero Coupon, 11/15/09

    7,500,000     7,497,532

U.S. Treasury Bonds

   

3.500%, 02/15/39 (b)

    4,910,000     4,448,156

4.250%, 05/15/39 (b)

    8,440,000     8,731,442

4.500%, 08/15/39 (b)

    110,000     118,594

7.125%, 02/15/23 (b)

    25,770,000     34,555,972

8.875%, 08/15/17 (b)

    6,470,000     9,062,044

U.S. Treasury Inflation Indexed Bonds (TII)

 

2.000%, 01/15/26 (b)

    20,990,725     20,944,797

2.375%, 01/15/27 (b)

    9,752,268     10,249,029

2.500%, 01/15/29 (b)

    3,644,735     3,916,952

U.S. Treasury Inflation Indexed Notes (TII)

 

0.875%, 04/15/10 (b)

    10,819,372     10,822,747

1.625%, 01/15/15

    1,736,935     1,769,503

2.000%, 07/15/14

    1,599,542     1,662,524
Security Description   Par
Amount
  Value
   

U.S. Treasury—(Continued)

 

U.S. Treasury Notes

   

1.750%, 08/15/12 (b)

  $ 4,850,000   $ 4,900,013

2.375%, 08/31/14 (b)

    17,340,000     17,405,025

2.375%, 03/31/16 (b)

    47,540,000     46,273,487

2.625%, 07/31/14 (b)

    20,000,000     20,334,380

3.125%, 05/15/19 (b)

    5,000,000     4,919,920

3.750%, 11/15/18 (b)

    125,000,000     129,345,750

4.000%, 08/15/18 (b)

    20,000     21,114

4.750%, 05/31/12 (b)

    5,370,000     5,860,431
       
      342,839,412
       

Total Fixed Income
(Identified Cost $1,266,768,664)

      1,206,973,776
       
Options Purchased—0.0%  
Security Description   Contracts   Value

Put Options—0.0%

   

U.S. Treasury Notes 10 Year Futures

    260     178,750
       

Total Options Purchased
(Identified Cost $295,595)

      178,750
       
Preferred Stock—0.0%  
Security Description   Shares   Value

Thrifts & Mortgage Finance—0.0%

 

Federal Home Loan Mortgage Corp.

    150,025     271,545

Federal National Mortgage Association

    108,775     175,128
       

Total Preferred Stock
(Identified Cost $6,470,000)

      446,673
       
Short Term Investments—41.2%
Security Description   Shares/Par
Amount
  Value

Discount Notes—8.1%

   

Federal Home Loan Mortgage Corp.
0.010%, 01/26/10

  $ 30,000,000     29,979,525

Federal National Mortgage Association 0.010%, 01/11/10

    100,000,000     99,937,667
       
      129,917,192
       

Mutual Funds—11.2%

   

State Street Navigator Securities Lending Prime Portfolio (c)

    178,586,166     178,586,166
       

 

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-204


Table of Contents

Metropolitan Series Fund, Inc.

 

Western Asset Management U.S. Government Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Short Term Investments—(Continued)

 

 

Security Description   Shares/Par
Amount
  Value  
   

Repurchase Agreement—8.2%

   

Deutsche Bank Repurchase Agreement dated 09/30/09 at 0.050% to be repurchased at $130,600,181 on 10/01/09, collateralized by $133,363,000 Federal Home Loan Mortgage Corp. due 03/08/10 with a value of $133,212,006.

  $ 130,600,000   $ 130,600,000   
         

U.S. Treasury—13.7%

   

U.S. Treasury Bills
0.010%, 10/29/09 (b)

    185,000,000     184,974,561   

U.S. Treasury Bills
0.010%, 03/11/10 (b)

    32,900,000     32,820,252   
         
      217,794,813   
         

Total Short Term Investments
(Identified Cost $656,898,171)

      656,898,171   
         

Total Investments—116.8%
(Identified Cost $1,930,432,430) (d)

      1,864,497,370   

Liabilities in excess of other assets

      (267,711,132
         
Net Assets—100%     $ 1,596,786,238   
         

 

(a) Variable or Floating Rate Security. Rate disclosed is as of September 30, 2009.
(b) All or a portion of the security was on loan. As of September 30, 2009, the market value of securities loaned was $177,900,912 and the collateral received consisted of cash in the amount of $178,586,166 and non-cash collateral with a value of $2,717,727. 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, 2009 was $1,930,432,430 and the composition of unrealized appreciation and depreciation of investment securities was $34,936,668 and $(100,871,728), 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, 2009, the market value of 144A securities was $37,445,824, which is 2.3% 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.
(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

   Counterparty    Expiration
Date
   Number of
Contracts
    Contract
Amount
    Valuation as of
9/30/2009
    Unrealized
Appreciation/
Depreciation
 

90 Day Eurodollar Futures

   JPMorgan Chase    12/13/2010    401      $ 98,200,298      $ 98,490,613      $ 290,315   

90 Day Eurodollar Futures

   JPMorgan Chase    9/13/2010    421        102,983,757        103,813,338        829,581   

90 Day Eurodollar Futures

   JPMorgan Chase    6/14/2010    384        94,102,853        95,068,800        965,947   

U.S. Treasury Note 5 Year Futures

   JPMorgan Chase    12/31/2009    2,004        232,023,935        232,651,875        627,940   

U.S. Treasury Note 10 Year Futures

   JPMorgan Chase    12/21/2009    922        107,624,176        109,098,531        1,474,355   

Futures Contracts-Short

                                  

U.S. Treasury Bond 30 Year Futures

   JPMorgan Chase    12/21/2009    (385     (46,287,249     (46,729,375     (442,126
                    

Net Unrealized Appreciation

               $ 3,746,012   
                    
Options Written               

Options Written-Puts

   Counterparty    Expiration
Date
   Number of
Contracts
    Premiums
Received
    Valuation as of
9/30/2009
    Unrealized
Appreciation/
Depreciation
 

Eurodollar Midcurve 1 Year Future 97.75 Put

   JPMorgan Chase    12/11/2009    (110   $ (54,643   $ (33,000   $ 21,643   

Eurodollar Midcurve 1 Year Future 98.125 Put

   JPMorgan Chase    11/13/2009    (365     (104,164     (152,844     (48,680

Eurodollar Midcurve 1 Year Future 98 Put

   JPMorgan Chase    11/13/2009    (365     (158,089     (118,625     39,464   
                    

Net Unrealized Appreciation

               $ 12,427   
                    

 

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-205


Table of Contents

Metropolitan Series Fund, Inc.

 

Western Asset Management U.S. Government Portfolio

 

 

 

VALUATION INPUTS

 

The Portfolio is subject to the provisions of the Statement of Financial Accounting Standards No. 157, Fair Value Measurements (“FAS 157”). FAS 157 establishes a framework for measuring fair value and expands disclosures about fair value measurements in 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 Portfolio’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 investments as of September 30, 2009:

 

Description    Level 1     Level 2    Level 3    Total  

Total Fixed Income

   $ —        $ 1,206,973,776    $ —      $ 1,206,973,776   

Total Options Purchased

     178,750        —        —        178,750   

Total Preferred Stock

     446,673        —        —        446,673   
Short Term Investments           

Discount Notes

     —          129,917,192      —        129,917,192   

Mutual Funds

     178,586,166        —        —        178,586,166   

Repurchase Agreement

     —          130,600,000      —        130,600,000   

U.S. Treasury

     —          217,794,813      —        217,794,813   

Total Short Term Investments

     178,586,166        478,312,005      —        656,898,171   

Total Investments

   $ 179,211,589      $ 1,685,285,781    $ —      $ 1,864,497,370   
                                
Futures Contracts*           

Futures Contracts Long (Appreciation)

   $ 4,188,138      $ —      $ —      $ 4,188,138   

Futures Contracts Short (Depreciation)

     (442,126     —        —        (442,126
Options Written*           

Put Options Written (Appreciation)

     61,107        —        —        61,107   

Put Options Written (Depreciation)

     (48,680     —        —        (48,680

Total Liabilities

   $ 3,758,439      $ —      $ —      $ 3,758,439   
                                

 

* Derivative instruments such as forwards, futures, swap contracts and written options are valued based on the unrealized appreciation/depreciation on the instrument.

 

MSF-206


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Metropolitan Series Fund, Inc.

 

Zenith Equity Portfolio

 

Schedule of Investments as of September 30, 2009 (Unaudited)

 

Mutual Funds—100.0%

 

 

Security Description   Shares   Value  

Affiliated Investment Companies—100.0%

 

FI Value Leaders Portfolio, (Class A) (a)

  1,427,522   $ 175,542,334   

Jennison Growth Portfolio, (Class A) (a)

  16,735,340     167,520,757   

Pioneer Fund Portfolio, (Class A) (b)

  14,650,002     166,717,019   
         

Total Mutual Funds
(Identified Cost $627,308,985)

      509,780,110   
         

Total Investments—100.0%
(Identified Cost $627,308,985) (c)

      509,780,110   

Liabilities in excess of other assets

      (49,402
         
Net Assets—100%     $ 509,730,708   
         

 

(a) A Portfolio of the Metropolitan Series Fund, Inc.
(b) A Portfolio of the Met Investors Series Trust.
(c) The aggregate cost of investments for federal income tax purposes as of September 30, 2009 was $627,308,985 and the unrealized depreciation of investment securities was $(117,528,875).

 

VALUATION INPUTS

 

The Portfolio is subject to the provisions of the Statement of Financial Accounting Standards No. 157, Fair Value Measurements (“FAS 157”). FAS 157 establishes a framework for measuring fair value and expands disclosures about fair value measurements in 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 Portfolio’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 investments as of September 30, 2009:

 

Description    Level 1    Level 2    Level 3    Total

Total Mutual Funds

   $ 509,780,110    $ —      $ —      $ 509,780,110

Total Investments

   $ 509,780,110    $ —      $ —      $ 509,780,110
                             

 

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-207


Table of Contents
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.


Table of Contents

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 23, 2009

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 23, 2009
By:  

/S/    PETER H. DUFFY        

Name:   Peter H. Duffy
Title:   Treasurer
Date:   November 23, 2009


Table of Contents

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.

EX-99.CERT 2 dex99cert.htm 302 CERTIFICATIONS 302 Certifications

Exhibit 3(a)

CERTIFICATION

I, Elizabeth M. Forget, certify that:

1. I have reviewed this report on Form N-Q of Metropolitan Series Fund, Inc. (the “registrant”);

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

 

  a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

 

  b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

 

  c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and

 

  d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and


5. The registrant’s other certifying officer(s) and I have disclosed to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

 

  a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize, and report financial information; and

 

  b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

 

Date: November 23, 2009     By:  

/s/ Elizabeth M. Forget

    Name:   Elizabeth M. Forget
    Title:   President


Exhibit 3(b)

CERTIFICATION

I, Peter H. Duffy, certify that:

1. I have reviewed this report on Form N-Q of Metropolitan Series Fund, Inc. (the “registrant”);

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

 

  a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

 

  b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

 

  c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and

 

  d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and


5. The registrant’s other certifying officer(s) and I have disclosed to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

 

  a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize, and report financial information; and

 

  b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

 

Date: November 23, 2009     By:  

/s/ Peter H. Duffy

    Name:   Peter H. Duffy
    Title:   Treasurer
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