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PAGE 9
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SIGNATURE JAMES M. ROY
TITLE V.P. AND C.F.O.
EXHIBIT INDEX TO FORM N-SAR
OF BABSON CAPITAL PARTICIPATION INVESTORS
FOR ANNUAL PERIOD ENDED DECEMBER 31, 2012
EXHIBIT NO. DESCRIPTION
77B Accountant's Report on Internal Controls
77Q2 Information Called for by Item 405 of Regulation S-K