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PAGE 2
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PAGE 3
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PAGE 4
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PAGE 5
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PAGE 6
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PAGE 7
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PAGE 8
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PAGE 9
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SIGNATURE CHARLES C. MCCOBB, JR.
TITLE V.P. AND C.F.O.
EXHIBIT INDEX TO FORM N-SAR
OF MASSMUTUAL PARTICIPATION INVESTORS
FOR SEMI-ANNUAL PERIOD ENDED DECEMBER 31, 2004
EXHIBIT NO. DESCRIPTION
77B Accountant's Report on Internal Control
77E Legal Proceedings
77O Transactions Effected Pursuant to Rule 10f-3