<SEC-DOCUMENT>0001072613-15-000196-index.html : 20150226
<SEC-HEADER>0001072613-15-000196.hdr.sgml : 20150226
<ACCEPTANCE-DATETIME>20150226103947
ACCESSION NUMBER:		0001072613-15-000196
CONFORMED SUBMISSION TYPE:	NSAR-B
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20141231
FILED AS OF DATE:		20150226
DATE AS OF CHANGE:		20150226
EFFECTIVENESS DATE:		20150226

FILER:

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

	FILING VALUES:
		FORM TYPE:		NSAR-B
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-05531
		FILM NUMBER:		15650773

	BUSINESS ADDRESS:	
		STREET 1:		1500 MAIN STREET
		STREET 2:		SUITE 600
		CITY:			SPRINGFIELD
		STATE:			MA
		ZIP:			01115
		BUSINESS PHONE:		4132261000

	MAIL ADDRESS:	
		STREET 1:		1500 MAIN STREET
		STREET 2:		SUITE 600
		CITY:			SPRINGFIELD
		STATE:			MA
		ZIP:			01115

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MASSMUTUAL PARTICIPATION INVESTORS
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MASSMUTUAL CORPORATE INVESTORS II
		DATE OF NAME CHANGE:	19880417
</SEC-HEADER>
<DOCUMENT>
<TYPE>NSAR-B
<SEQUENCE>1
<FILENAME>answer.fil
<TEXT>
Document 1 - file: answer.fil

</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.77B
<SEQUENCE>2
<FILENAME>exh77-b_17771.htm
<DESCRIPTION>EXHIBIT 77B
<TEXT>
Document 2 - file: exh77-b_17771.htm

</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.77.Q2
<SEQUENCE>3
<FILENAME>exh77-q2_17771.htm
<DESCRIPTION>EXHIBIT 77.Q2
<TEXT>
Document 3 - file: exh77-q2_17771.htm

</DOCUMENT>
</SEC-DOCUMENT>