<SEC-DOCUMENT>0001072613-15-000383-index.html : 20150817
<SEC-HEADER>0001072613-15-000383.hdr.sgml : 20150817
<ACCEPTANCE-DATETIME>20150817155158
ACCESSION NUMBER:		0001072613-15-000383
CONFORMED SUBMISSION TYPE:	40-17G
PUBLIC DOCUMENT COUNT:		9
FILED AS OF DATE:		20150817
DATE AS OF CHANGE:		20150817
EFFECTIVENESS DATE:		20150817

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:		40-17G
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-05531
		FILM NUMBER:		151058978

	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>40-17G
<SEQUENCE>1
<FILENAME>bond_17847.htm
<DESCRIPTION>BABSON CAPITAL PARTICIPATION INVESTORS
<TEXT>
Document 1 - file: bond_17847.htm

</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>exh99-1_17847.htm
<DESCRIPTION>SEC LETTER
<TEXT>
Document 2 - file: exh99-1_17847.htm

</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>3
<FILENAME>exh99-2_17847.htm
<DESCRIPTION>CERTIFICATE
<TEXT>
Document 3 - file: exh99-2_17847.htm

</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.3
<SEQUENCE>4
<FILENAME>exh99-3_17847.htm
<DESCRIPTION>AGREEMENT WITH RESPECT TO FIDELITY BOND
<TEXT>
Document 4 - file: exh99-3_17847.htm

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>5
<FILENAME>logo3.jpg
<TEXT>
Document 5 - file: logo3.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>6
<FILENAME>header1.jpg
<TEXT>
Document 6 - file: header1.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>7
<FILENAME>footer.jpg
<TEXT>
Document 7 - file: footer.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>8
<FILENAME>sig1.jpg
<TEXT>
Document 8 - file: sig1.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>9
<FILENAME>sig2.jpg
<TEXT>
Document 9 - file: sig2.jpg

</DOCUMENT>
</SEC-DOCUMENT>