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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0001072613-03-001470.txt : 20030822
<SEC-HEADER>0001072613-03-001470.hdr.sgml : 20030822
<ACCEPTANCE-DATETIME>20030822114008
ACCESSION NUMBER:		0001072613-03-001470
CONFORMED SUBMISSION TYPE:	NSAR-A
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20030630
FILED AS OF DATE:		20030822
EFFECTIVENESS DATE:		20030822

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MASSMUTUAL PARTICIPATION INVESTORS
		CENTRAL INDEX KEY:			0000831655
		IRS NUMBER:				043025730
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		NSAR-A
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-05531
		FILM NUMBER:		03861674

	BUSINESS ADDRESS:	
		STREET 1:		1295 STATE STREET
		CITY:			SPRINGFIELD
		STATE:			MA
		ZIP:			01111
		BUSINESS PHONE:		4137446118

	MAIL ADDRESS:	
		STREET 1:		1295 STATE STREET
		CITY:			SPRINGFIELD
		STATE:			MA
		ZIP:			01111

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MASSMUTUAL CORPORATE INVESTORS II
		DATE OF NAME CHANGE:	19880417
</SEC-HEADER>
<DOCUMENT>
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<DESCRIPTION>MASSMUTUAL PARTICIPATION INVESTORS NSAR-A
<TEXT>
<PAGE>      PAGE  1
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<PAGE>      PAGE  2
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<PAGE>      PAGE  3
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<PAGE>      PAGE  9
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SIGNATURE   CHARLES C. MCCOBB, JR.
TITLE       V.P. AND C.F.O.
<PAGE>

                           EXIHIBT INDEX TO FORM N-SAR
                      OF MASSMUTUAL PARTICIPATION INVESTORS
                   FOR SEMI-ANNUAL PERIOD ENDED JUNE 30, 2003


EXHIBIT NO.                   DESCRIPTION


77E               Legal Proceedings


</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.77E
<SEQUENCE>3
<FILENAME>item-77e_12102.txt
<DESCRIPTION>LEGAL PROCEEDINGS
<TEXT>
                          ITEM 77E - LEGAL PROCEEDINGS


The Registrant, together with other investors, including Massachusetts Mutual
Life Insurance Company (the parent of Registrant's investment advisor), is a
plaintiff in two lawsuits in connection with private placement investments made
by the Registrant in Sharp International Corporation ("Sharp"). Three managing
shareholders of Sharp, which is currently being liquidated in Chapter 7
liquidation proceedings, have pleaded guilty to criminal fraud charges. Two
separate civil lawsuits have been brought in The Supreme Court of New York,
County of New York, in an attempt to recover damage for lost investment funds
from Sharp's working capital lender and auditors. The Registrant's lawsuit
against Sharp's working capital lender was dismissed on a pretrial motion and is
currently being appealed. The Registrant's lawsuit against Sharp Auditors is in
the discovery phase. The Registrant is unable to estimate any recovery from
these lawsuits as of June 30, 2003.


</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
