UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 29549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: June 30,1999
Check here if Amendment [ ] ; Amendment Number:
This Amendment (Check only one.) : [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Massachusetts Mutual Life Insurance Company
Address: 1295 State Street
Springfield, Massachusetts 01111-0001
13F File Number: 28-548
The institutional investment manager filing this report and
the person by whom it is signed hereby represent that the
person signing the report is authorized to submit it,
that all information contained herein is true,correct, and
complete, and that it is understood that all required items,
statements, schedules,lists, and tables, are considered
integral parts of this form.
Person Signing this Report on Behalf of Reporting
Manager:
Name: David E. Fusco
Title: Compliance Director
Phone: 413-744-7410
Signature, Place, and Date of Signing:
/s/ David E. Fusco
Springfield, Massachusetts
August 12, 1999
Report Type (Check only one.):
[x] 13F HOLDINGS REPORT
[ ] 13F NOTICE
[ ] 13F COMBINATION REPORT
List of Other Managers Reporting for this Manager:
NONE
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FORM 13F
SUMMARY PAGE Report Summary:
Number of Other Included Managers: None (See note below)
Form 13F Information Table Entry Total: 59
Form 13F Information Table Value Total: $284,686,000
List of Other Included Managers:
Please note that in the past Form 13F's were filed by Massachusetts
Mutual Life Insurance Company ("MassMutual") on behalf of David L. Babson
and Company Inc. ("Babson") and OppenheimerFunds Inc. ("Oppenheimer").
Babson and Oppenheimer are indirect, majority-owned subsidiaries
of MassMutual. For this filing, and future filings, Babson and
Oppenheimer will file Form 13F's on their own behalf.
Babson and Oppenheimer have indicated that they exercise "sole"
investment discretion with respect to the securities positions
reported in their respective Form 13F's. Nevertheless, such
positions shall also be deemed reported on behalf of MassMutual
to the extent that MassMutual may be deemed to "share" investment
discretion over the positions as a result of its ownership
interests in Babson and Oppenheimer.
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FORM 13F INFORMATION TABLE
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Name of Issuer Title CUSIP Value Shrs or SH/ Put/ INVSTMT Other Voting Authority
Of Class (x$100) Prn amt PRN Call DSCRETN Mgrs Sole Shared None
___________________________________________________________________________________________________________
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
A M R Corporation COM 001765106 5,700 83,512 SH Sole 83,512
American Cntry Hldg COM 025278102 612 515,590 SH Sole 515,590
American Cntry Hldg WT 025278110 34 183,117 SH Sole 183,117
Amerisource Health COM CL A 03071P102 844 37,500 SH Sole 37,500
AMF Bowling Inc DB CV 144 03113VAA7 3,806 27,840,000 PRN Sole X
Antec Corp SB NT CV 03664PAA3 2,161 1,500,000 PRN Sole X
Associated Material COM 045709102 2,675 200,000 SH Sole 200,000
Autonation COM 05329W102 2,138 120,000 SH Sole 120,000
Barclays Bank PLC SPN ADR 06738C505 20,950 800,000 SH Sole 800,000
Budget Group COM CL A 119003101 5,870 476,726 SH Sole 476,726
Collins & Aikman COM 194830105 1,316 172,600 SH Sole 172,600
Complete Business COM 20452F107 299 16,667 SH Sole 16,667
Concentra Man Care SB NT CV 20589TAB9 7,524 8,000,000 PRN Sole X
Concentra Man Care SB NT CV 20589TAC7 12,123 13,002,000 PRN Sole X
Conexant Systems SB NT CV 207142AA8 5,677 4,000,000 PRN Sole X
Continental Air COM CL B 210795308 4,062 107,955 SH Sole 107,955
Correctional Serv COM 219921103 205 26,836 SH Sole 26,836
Cymer Inc. SB CV 232572AA5 4,274 4,950,000 PRN Sole X
Cymer Inc. SB NT CV 232572AC1 4,289 5,000,000 PRN Sole X
Diamond Off Drillng SB NT CV 25271CAA0 11,819 12,000,000 PRN Sole X
Dura Pharmaceutical SB NT CV 26632SAA7 4,309 5,725,000 PRN Sole X
Emcor Group SB NT CV 29084QAC4 6,186 6,050,000 PRN Sole X
Excalibur Technol COM 300651205 855 60,000 SH Sole 60,000
Family Golf Centers SB NT CV 30701AACO 10,873 17,250,000 PRN Sole X
Florida Panthers COM CL A 341064103 1,122 105,001 SH Sole 105,001
Gentek Inc COM 37245X104 4,529 326,400 SH Sole 326,400
Healthplan Services COM 421959107 909 133,376 SH Sole 133,376
Healthsouth Corp SB DB CV 421924AD3 12,794 15,250,000 PRN Sole X
Healthsouth Corp SB DB CV 421924AF8 1,259 1,500,000 PRN Sole X
Hilton Hotels Corp SB NT CV 432848AL3 11,078 12,190,000 PRN Sole X
Interim Services SB NT CV 45868PAA8 8,335 9,800,000 PRN Sole X
Irwin Naturals/4Hea COM 464142108 206 110,000 SH Sole 110,000
Kellstrom Inds SB NT CV 488035AE6 15,908 19,250,000 PRN Sole X
Key Energy Serv SB NT CV 492914AD8 2,368 3,750,000 PRN Sole X
Lund Intl Holdings COM 550368104 1,600 285,714 SH Sole 285,714
Magna International SB DB CV 559222AG9 12,742 13,000,000 PRN Sole X
Mascotech Inc. SB DB CV 574670AB1 5,862 7,450,000 PRN Sole X
Midway Airlines COM 598126100 854 83,337 SH Sole 83,337
Mindspring Enterp SB NT CV 602683AA2 6,646 7,000,000 PRN Sole X
National SemiCondu SB NT CV 637640AB9 339 410,000 PRN Sole X
Network Access Sol COM 64120S109 998 75,000 SH Sole 75,000
Noel Group COM 655260107 184 195,000 SH Sole 195,000
Oak Industries SB NT CV 671400AJ8 2,564 2,000,000 PRN Sole X
Oak Industries SB NT CV 671400AL3 9,770 8,000,000 PRN Sole X
Owens-Illinois CONV PRE 690768502 3,711 85,560 SH Sole 85,560 X
Oxford Health Plans COM 691471106 2,334 150,000 SH Sole 150,000
Pathways Group Inc. COM 70321D106 947 143,000 SH Sole 143,000
Princeton Video Im COM 742476104 79 17,500 SH Sole 17,500
PSINET PFD CV 74437C309 9,226 200,000 SH Sole 200,000
R & B Falcon Corp COM 74912E101 2,344 250,000 SH Sole 250,000
Republic Services COM CL A 760759100 4,725 190,900 SH Sole 190,900
Royal Bank Scotland SP ADR 780097309 15,525 600,000 SH Sole 600,000
Savoy Pictures Ent SB DB CV 805375AA0 6,568 6,700,000 PRN Sole X
Sunglass Hut Intl SB NT CV 86736FAA4 2,772 3,280,000 PRN Sole X
Swiss Army Brands COM 870827102 1,597 180,000 SH Sole 180,000
Tower Automotive SB NT CV 891707AE1 856 750,000 PRN Sole X
WHX Corp COM 929248102 0 12 SH Sole 12
World Color Press SR SB NT 981443AA2 12,330 12,960,000 PRN Sole X
Young & Rubicam Inc COM 987425105 3,004 66,100 SH Sole 66,100
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