DRAFT LETTER FOR PARTICIPANTS TO BE MAILED BY …

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September 15, 2011Changes to the University of Texas Retirement Program Investment LineupDear University of Texas System Retirement Program participant:You are receiving this letter because you have all or part of your plan account balance in a funding option that will no longer be available for new contributions or transfers on and after November 15, 2011 through the UT System Retirement Program.The University of Texas (UT) System Retirement Program and MetLife Resources are dedicated to helping you plan for the future you want. As part of that commitment, UT regularly monitors the funding options according to established criteria that include (but are not limited to) overall performance objectives, fees, fund management, and fit within the line-up. The goal is to maintain an array of funding options to help you diversify your account according to your individual retirement planning needs, while offering an appropriate number that can be effectively monitored.We are pleased to announce, on behalf of UT, that as a result of its latest review, UT has introduced a streamlined fund line-up with competitively performing funds and competitive fees that provides you an array of quality funds across the risk spectrum while making it easier for you to select the funding options that best fit your individual situation. These changes will occur on November 15, 2011. The details of the changes are outlined in the follow pages. Not all funding options listed in the charts will apply to you. Also, there are funding options available under the UT System Retirement Program that are not affected. To review a complete list of Program funding options and your exact plan account holdings, log in to your MetLife website at uts or call Client Service at 1-800-236-8489. IMPORTANT: Actions to ConsiderIf you are satisfied with how your contributions will be redirected on and after November 15, then you do not need to take any action. However, if you would like to change how your future contributions will be redirected, then you must update your contribution allocation no later than 3pm CST on November 14, 2011. After this date and time, you will still have the ability to change the direction of your future contributions, but some contributions may be redirected depending on when you notify us.You may transfer any part of your plan account balance into any funding option that is available through November 14, 2011, but, on and after November 15, 2011, you will not be permitted to transfer any part of your plan account balance into any funding option that will no longer be available.Any part of your plan account balance that you have in any funding option that will no longer be available on and after November 15, 2011, will remain in that funding option. However, you may transfer any part of your plan account balance out of those funding options on and after November 15, 2011, into any funding option that is available on and after that date . You may wish to take this opportunity to contact your MetLife representative in order to review your overall retirement plan allocations and goals. Please see the attached list of representatives.For additional information about your UT System Retirement Program fund offerings or for assistance with making any fund changes, please contact MetLife Client Services at 1-800-236-8489 or log onto the MetLife website at uts.Sincerely, MetLife ResourcesVariable annuities are offered by prospectus only, which is available from your registered representative. You should carefully consider the product's features, risks, charges and expenses, and the investment objectives, risks and policies of any underlying portfolios, as well as other information about any underlying funding options. This and other information is available in the prospectus, which you should read carefully before investing. Product availability and features may vary by state. Any annuity product guarantees are based on the financial strength and claims-paying ability of the issuing insurance company.Variable annuities are long-term investment vehicles designed for retirement purposes. Like most annuity contracts, MetLife contracts contain withdrawal charges, limitations, exclusions, holding periods, termination provisions and terms for keeping them in force. Contact your MetLife representative for costs and complete details. There is no guarantee that any of the variable investment options will meet their stated goals or objectives. The account value is subject to market fluctuations so that, when annuitized or withdrawn, it may be worth more or less than its original value.Annuity contracts contain exclusions, limitations, exceptions, reductions of benefits, waiting periods and terms for keeping them in force. Please contact a MetLife representative for costs and complete details.Mutual Funds are sold by prospectus, which is available from your registered representative. Mutual fund companies assess certain fees and expenses. MetLife and/or its affiliates receive fees from the mutual fund families or an affiliate for providing certain administrative, distribution and recordkeeping services. For more information regarding fees, please read each mutual fund prospectus carefully. Please carefully consider investment objectives, risks, charges and expenses before investing. For this and other information about any mutual fund investment, please obtain a prospectus and read it carefully before you invest. Investment return and principal will fluctuate with changes in market conditions, such that shares may be worth more or less than their original cost when redeemed. Diversification cannot eliminate the risk of investment losses, and past mutual fund performance is not a guarantee of future results.MetLife Resources is a division of Metropolitan Life Insurance Company (MLIC), 200 Park Avenue, New York, NY 10166. Securities, including variable products, offered by MetLife Securities, Inc. (MSI) (member FINRA/SIPC), 1095 Avenue of the Americas, New York, NY 10036. MLIC and MSI are MetLife companies.MLR19000541120L0911207463(exp0912)(TX)UT Retirement System Fund Changes – Effective November 15, 2011GOLD TRACK SELECT FUND CHANGESAsset ClassFunding Option NameNew OR Current Funding Option for redirection of contributionsFuture Contributions will be redirected into this fundAggregate BondBlackRock Bond Income Portfolio Class ABarclays Capital Aggregate Bond FundLarge Cap (Blend)Legg Mason ClearBridge Variable Fundamental Value Portfolio Class IIMetLife Stock Index FundLord Abbett?Growth and Income Series Fund Class BMetLife Stock Index FundAmerican Funds Growth-Income FundMetLife Stock Index FundLegg Mason ClearBridge Variable Appreciation PortfolioMetLife Stock Index FundLarge Cap (Growth)American Funds Growth FundBlackRock Legacy Large Cap Growth Class AFidelity VIP Contrafund? PortfolioLegg Mason ClearBridge Variable Aggressive Growth Janus Forty Portfolio?BlackRock Legacy Large Cap Growth Class ALegg Mason ClearBridge Variable Large Cap Growth PortfolioBlackRock Legacy Large Cap Growth Class ALarge Cap (Value)FI Value Leaders Portfolio (Fidelity)MFS Value Class AMetropolitan Series Fund BlackRock Large Cap Value Class BVan Kampen Comstock Portfolio Class BFidelity VIP Equity-Income MFS Value Class ALegg Mason ClearBridge Variable Large Cap Value PortfolioVan Kampen Comstock Portfolio Class BSmall Cap (Value)Third Avenue Small Cap Value Portfolio Class BDreman Small Cap Value PortfolioInflation Protected Bond?PIMCO Inflation Protected Bond PortfolioInternational?Morgan Stanley EAFE Index PortfolioInternational?Harris Oakmark International PortfolioAllocation?MetLife Aggressive Allocation PortfolioAllocation?MetLife Conservative Allocation PortfolioAllocation?MetLife Conservative to Moderate Allocation PortfolioAllocation?MetLife Moderate Allocation PortfolioAllocation?MetLife Moderate to Aggressive Allocation PortfolioMUTUAL FUND CHANGESAsset ClassInvestment NameTickerNew OR Current Fund for redirect of contributionsFuture Contributions will be redirected into this fundTickerIntermediate-Term BondMorgan Stanley Inst Core Plus FI PMFXAXPIMCO Total Return AdminPTRAXMid-Cap ValuePioneer Mid-Cap Value APCGRXAmerican Century Mid Cap Value InvACMVXMid-Cap GrowthManagers Cadence Mid Cap AMCMAXHartford Midcap YHMDYX Small GrowthColumbia Acorn USA ZAUSAXPrudential Jennison Small Company ZPSCZXWorld Stock??Oppenheimer Global YOGLYXWorld Bond??Templeton Global Bond AdvTGBAXInflation Protected Bond??American Century Inflation Protected Bond InvAPOIXRetirement Income??T. Rowe Price Retirement Income RRRTIXTarget Date 2000-2010??T. Rowe Price Retirement 2005 RRRTLXTarget Date 2011-2015??T. Rowe Price Retirement 2015 RRRTMXTarget Date 2021-2025??T. Rowe Price Retirement 2025 RRRTNXTarget Date 2031-2035??T. Rowe Price Retirement 2035 RRRTPXTarget Date 2041-2045??T. Rowe Price Retirement 2045 RRRTRXTarget Date 2050+??T. Rowe Price Retirement 2050 RRRTFXTarget Date 2050+??T. Rowe Price Retirement 2055 RRRTVXUniversity of Texas RepresentativesCampusRepresentativeOffice TelephonePersonal ContactEmail AddressUT ArlingtonGreg Jones800-236-8489214-535-3917gjones5@UT AustinJens Busch800-236-8489512-970-8340jbusch@Paul Mayhew800-236-8489512-757-2278pmayhew@Peter Berardino800-236-8489512-482-9026pberardino@Stefani Price800-236-8489512-219-9755sprice@Joni Berardino800-236-8489512-482-9027jberardino@UT BrownsvilleDavid Scott800-236-8489817-681-4114dscott3@UT DallasChuck Mulkey800-236-8489214-395-7480cmulkey@UT El PasoThoma, Bill800-236-8489214-564-0652bthoma@Bokal, Beth800-236-8489915-256-7130bbokal@UT Health Center - TylerGeorge Willingham800-236-8489512-520-6228gwillingham@Hansz, Aaron800-236-8489832-439-3280ahansz@UT Health Science Ctr - HoustonChris Moore800-236-8489281-433-3941cnmoore@Joanne Resh800-236-8489713-962-0358jresh@Deborah Coffey800-236-8489832-567-0451dlcoffey@Kevin Coffey800-236-8489832-723-4415kcoffey@Aaron Hansz800-236-8489832-439-3280ahansz@Laura Heath800-236-8489409-682-6438lheath1@Driskell, Delanie800-236-8489832-754-7882ddriskell@Marzetta, Dante (DJ)800-236-8489281-221-4871dmarzetta@UT Health Science Ctr - San AntonioMike Gonzalez800-236-8489210-804-7231mgonzalez6@Paul Mayhew800-236-8489512-757-2278pmayhew@Joni Berardino800-236-8489512-482-9027jberardino@Walls, Dwayne800-236-8489210-438-7665dwalls@UT Health Science Ctr Houston - PsychiatricRyan Stainsby800-236-8489713-213-1733rdstainsby@UT MD Anderson Cancer CenterChris Moore800-236-8489281-433-3941cnmoore@Joanne Resh800-236-8489713-962-0358jresh@Deborah Coffey800-236-8489832-567-0451dlcoffey@Kevin Coffey800-236-8489832-723-4415kcoffey@Aaron Hansz800-236-8489832-439-3280ahansz@Laura Heath800-236-8489409-682-6438lheath1@Driskell, Delanie800-236-8489832-754-7882ddriskell@Marzetta, Dante (DJ)800-236-8489281-221-4871dmarzetta@UT Medical Branch - GalvestonDebbie Coffey800-236-8489832-567-0451dlcoffey@Chris Moore800-236-8489281-433-3941cnmoore@Joanne Resh800-236-8489713-962-0358jresh@David Hudson800-236-8489713-298-0076dhudson1@Aaron Hansz800-236-8489832-439-3280ahansz@Laura Heath800-236-8489409-682-6438lheath1@UT Medical Branch Galveston - PrisonsTim Kish800-236-8489254-681-6153tkish@UT Pan AmericanDavid Scott800-236-8489817-681-4114dscott3@UT Permian BasinLaura Flores800-236-8489432-550-0881lflores@Kerry Norwood800-236-8489432-770-5857knorwood@UT San AntonioMike Gonzalez800-236-8489210-296-9258mgonzalez6@Paul Mayhew800-236-8489512-757-2278pmayhew@Joni Berardino800-236-8489512-482-9027jberardino@Walls, Dwayne800-236-8489210-438-7665dwalls@UT Southwest Medical Ctr. - DallasGreg Jones800-236-8489214-535-3917gjones5@Chuck Mulkey800-236-8489214-395-7480cmulkey@UT SystemJens Busch800-236-8489512-970-8340jbusch@UT TylerGeorge Willingham800-236-8489512-520-6228gwillingham@Hansz, Aaron800-236-8489832-439-3280ahansz@ ................
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