UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. )*
Eagle Pacific Industries Inc.
________________________________________________________________________
(Name of Issuer)
Common
________________________________________________________________________
(Title of Class of Securities)
269719100
_______________________________
(CUSIP Number)
December 31, 1999
________________________________________________________________________
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
[X] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a
reporting person's initial filing on this form with respect to the
subject class of securities, and for any subsequent amendment
containing information which would alter the disclosures provided
in a prior cover page.
The information required in the remainder of this cover page shall
not be deemed to be filed for the purpose of Section 18 of the
Securities Exchange Act of 1934 ("Act") or otherwise subject to
the liabilities of that section of the Act but shall be subject to
all other provisions of the Act (however, see the Notes).
Page 1 of 9 Pages
<PAGE>
CUSIP No. 269719100
_______________________________________________________________________
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Massachusetts Mutual Life Insurance Company
04-1590850
_______________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF MEMBER OF A GROUP
(A) _______
(B) __x____
________________________________________________________________________
3 SEC USE ONLY
_____________________________________________________________________
4 CITIZENSHIP OF PLACE OF ORGANIZATION
Commonwealth of Massachusetts
_________________________________________________________________________
5 SOLE VOTING POWER
NUMBER OF
SHARES 238,836 Common Shares
____________________________________________________
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY
EACH Not applicable
____________________________________________________
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 238,836 Common Shares
____________________________________________________
8 SHARED DISPOSITIVE POWER
Not applicable
_________________________________________________________________________
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
238,836 Common Shares
_________________________________________________________________________
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES *
Not applicable
_________________________________________________________________________
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
2.2%
_________________________________________________________________________
12 TYPE OF REPORTING PERSON
IC (Insurance Company)
Page 2 of 9 Pages
<PAGE>
CUSIP No. 269719100
_______________________________________________________________________
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
MassMutual Corporate Investors
04-2483041
_________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF MEMBER OF A GROUP
(A) _______
(B) __x____
_________________________________________________________________________
3 SEC USE ONLY
_________________________________________________________________________
4 CITIZENSHIP OF PLACE OF ORGANIZATION
Commonwealth of Massachusetts
_________________________________________________________________________
5 SOLE VOTING POWER
NUMBER OF
SHARES 197,040 Common Shares
____________________________________________________
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY
EACH Not applicable
____________________________________________________
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 197,040 Common Shares
____________________________________________________
8 SHARED DISPOSITIVE POWER
Not applicable
_________________________________________________________________________
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
197,040 Common Shares
_________________________________________________________________________
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES *
Not Applicable
_________________________________________________________________________
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
1.8%
_________________________________________________________________________
12 TYPE OF REPORTING PERSON
IV (Investment Company)
_________________________________________________________________________
Page 3 of 9 Pages
<PAGE>
CUSIP No. 269719100
________________________________________________________________________
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
MassMutual Participation Investors
04-3025730
_________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF MEMBER OF A GROUP
(A) _______
(B) __x____
_________________________________________________________________________
3 SEC USE ONLY
_________________________________________________________________________
4 CITIZENSHIP OF PLACE OF ORGANIZATION
Commonwealth of Massachusetts
_________________________________________________________________________
5 SOLE VOTING POWER
NUMBER OF
SHARES 101,505 Common Shares
____________________________________________________
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY
EACH Not Applicable
____________________________________________________
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 101,505 Common Shares
____________________________________________________
8 SHARED DISPOSITIVE POWER
Not Applicable
_________________________________________________________________________
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
101,505 Common Shares
_________________________________________________________________________
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES *
Not Applicable
_________________________________________________________________________
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.9%
_________________________________________________________________________
12 TYPE OF REPORTING PERSON
IV (Investment Company)
_________________________________________________________________________
Page 4 of 9 Pages
<PAGE>
CUSIP No. 269719100
________________________________________________________________________
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
MassMutual Corporate Value Partners Ltd
_________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF MEMBER OF A GROUP
(A) _______
(B) __x____
_________________________________________________________________________
3 SEC USE ONLY
_________________________________________________________________________
4 CITIZENSHIP OF PLACE OF ORGANIZATION
Cayman Islands
_________________________________________________________________________
5 SOLE VOTING POWER
NUMBER OF
SHARES 59,709 Common Shares
____________________________________________________
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY
EACH Not Applicable
____________________________________________________
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 59,709 Common Shares
____________________________________________________
8 SHARED DISPOSITIVE POWER
Not Applicable
_________________________________________________________________________
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
59,709 Common Shares
_________________________________________________________________________
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES *
Not Applicable
_________________________________________________________________________
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.6%
_________________________________________________________________________
12 TYPE OF REPORTING PERSON
CO (Corporation)
_________________________________________________________________________
Page 5 of 9 Pages
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ITEM 1(a). Name of Issuer: Eagle Pacific Industries Inc.
ITEM 1(b). Address of Issuer's Principal Executive Offices:
333 South Seventh Street
Suite 2430
Minneapolis, MN 55402
ITEM 2(a). Name of Person Filing:
This statement is filed on behalf of Massachusetts
Mutual Life Insurance Company, MassMutual Corporate
Investors, MassMutual Participation Investors,
and MassMutual Corporate Value Partners Ltd.
which together may be regarded as a group for the
purpose of this statement. This statement is
signed on behalf of the aforementioned parties,
and therefore, it does not include a separate
agreement providing for a joint filing.
ITEM 2(b). Address of Principal Business Office:
MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY
1295 State Street
Springfield, Massachusetts 01111
MASSMUTUAL CORPORATE INVESTORS
1295 State Street
Springfield, Massachusetts 01111
MASSMUTUAL PARTICIPATION INVESTORS
1295 State Street
Springfield, Massachusetts 01111
MASSMUTUAL CORPORATE VALUE PARTNERS LTD.
Cayman Islands
ITEM 2(c). Citizenship
MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY is
organized under the laws of the Commonwealth of Massachusetts
MASSMUTUAL CORPORATE INVESTORS is
organized under the laws of the Commonwealth of Massachusetts
MASSMUTUAL PARTICIPATION INVESTORS is
organized under the laws of the Commonwealth of Massachusetts
MASSMUTUAL CORPORATE VALUE PARTNERS LTD. is
organized under the laws of Cayman Islands
ITEM 2(d). Title of Class of Securities: Common Stock
Page 6 of 9 Pages
<PAGE>
ITEM 2(e). CUSIP NUMBER: 269719100
ITEM 3. This statement is filed pursuant to Rule 13d-1(b) by
Massachusetts Mutual Life Insurance Company,
an insurance company as defined in Section 3(a)(19);
MassMutual Corporate Investors, an investment
company registered under Section 8 of the Investment
Company Act of 1940; MassMutual Participation
Investors, an investment company registered
under Section 8 of the Investment Company Act
of 1940; and MassMutual Corporate Value Partners
Ltd., a corporation which together may be
regarded as a group pursuant to Rule
13d-1(b)(ii)(H).
ITEM 4. Ownership:
(a) Amount Beneficially Owned:
Massachusetts Mutual Life Insurance Company,
MassMutual Corporate Investors, MassMutual
Participation Investors, and MassMutual Corporate
Value Partners ltd. own respectively 238,836,
197,040, 101,505 and 59,709 warrants exercisable into
238,836, 197,040, 101,505 and 59,709 shares of
common stock.
The filing of this statement shall not be construed
as an admission that Massachusetts Mutual Life
Insurance Company, MassMutual Corporate Investors,
MassMutual Participation Investors, and MassMutual
Corporate Value Partners Ltd. are for the purposes
of sections 13(d) and 13(g) of the Securities
Exchange Act of 1934, the beneficial owners of any
common stock of the issuer.
(b) Percent of Class:
Percentage of ownership is calculated as follows:
597,090 shares common / 10,747,615 fully diluted shares
outstanding = 5.6%
(c) Powers:
Massachusetts Mutual Life Insurance Company,
MassMutual Corporate Investors, MassMutual
Participation Investors, and MassMutual Corporate
Value Partners Ltd. have sole power to vote or
dispose of respectively 238,836, 197,040, 101,505,
and 59,709 shares of common stock.
Page 7 of 9 Pages
<PAGE>
ITEM 5. Ownership of Five Percent or Less of a Class:
Not Applicable
ITEM 6. Ownership of More Than Five Percent on Behalf
of Another Person:
Not Applicable
ITEM 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on by the Parent Holding
Company:
Note applicable
ITEM 8. Identification and Classification of Members
of the Group:
Not applicable
ITEM 9. Notice of Dissolution of the Group:
Not applicable
ITEM 10. Certification:
By signing below, MASSACHUSETTS MUTUAL LIFE
INSURANCE COMPANY, MASSMUTUAL CORPORATE
INVESTORS, MASSMUTUAL PARTICIPATION
INVESTORS and MASSMUTUAL CORPORATE VALUE
PARTNERS LTD. certify to the best of their
knowledge and belief, the securities referred to
above were acquired in the ordinary course of
business and were not acquired for the purpose of
and do not have the effect of changing or
influencing the control of the issuer of such
securities and were not acquired in connection
with or as a participant in any transaction having
such purpose or effect.
Page 8 of 9 Pages
<PAGE>
After reasonable inquiry and to the best of my knowledge
and belief, MASSACHUSETTS MUTUTAL LIFE INSURANCE
COMPANY, MASSMUTUAL CORPORATE INVESTORS,
MASSMUTUAL PARTICIPATION INVESTORS, and
MASSMUTUAL CORPORATE VALUE PARTNERS
LTD. certify that the information set forth in this
statement is true, complete and correct.
February 15, 2000 February 15,2000
MASSACHUSETTS MUTUAL MASSMUTUAL CORPORATE
LIFE INSURANCE COMPANY INVESTORS
By: /signature/ By: /signature/
Charles C. McCobb Jr. Charles C. McCobb Jr.
Managing Director Managing Director
February 15, 2000 February 15, 2000
MASSMUTUAL PARTICIPATION MASSMUTUAL CORPORATE
INVESTORS VALUE PARTNERS LTD.
By: /signature/ By: /signature/
Charles C. McCobb Jr. Charles C. McCobb Jr.
Managing Director Managing Director
Page 9 of 9 Pages
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