<DOCUMENT>
<TYPE>EX-24
<SEQUENCE>2
<FILENAME>egrace.txt
<TEXT>

SEC Form 3, Form 4 and Form 5 and Application for EDGAR Access
(Form ID) Confirmation of Authority to Sign


Pursuant to Instruction 7 to SEC Form 4 Statement of Changes in  Beneficial
Ownership and Form 5 - Annual Statement of Beneficial  Ownership of Securities
the undersigned, being a Trustee of  Babson Capital Corporate Investors and
Babson Capital Participation Investors  (each, a "Trust"), hereby appoint and
designate Jessica Burns, Ruth Howe, Ann Malloy, and Melissa LaGrant each as my
true and lawful attorneys in fact with full power to (a) apply for access to the
EDGAR filing system in my name and (b) sign for me and file with the
Securities and Exchange Commission, the New York Stock Exchange and the Trust
said SEC Forms 3 4 and/or5 with respect to shares of the Trust purchased or sold
by the undersigned or any other change of beneficial ownership relating to
equity or derivative securities of the Trust required to be reported by the
undersigned.

This authorization shall remain in effect until a written revocation is executed
by the undersigned and filed with the Securities and Exchange Commission.



Signature and Date:	1-23-2012

Name:	Edward P. Grace III
Title:	Trustee of Babson Capital Corporate Investors and Babson Capital
Participation 	Investors
</TEXT>
</DOCUMENT>
