UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 13F
FORM 13F COVER PAGE

Report for the Calendar Year or Quarter Ended: September 30, 2006
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:	    Babson Capital Management
Address:  470 Atlantic Avenue
          Boston, MA  02210

13F File Number 0028-00060

The institutional manger 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:	    Jan Jumet
          Managing Director and Chief Compliance Officer
Title:    Phone: (617) 761-6599
Signature, Place and Date of Signing:

/s/Jan Jumet    Boston, MA    November 15, 2006

Report Type (Check only one.):
[X] 	13F HOLDINGS REPORT.

[ ]	13F NOTICE.

[ ] 	13F COMBINATION REPORT.

List of Other Managers Reporting for this Manager: 0

FORM 13F SUMMARY PAGE

Report Summary:
Number of Other Included Mangers:	0

Form 13F Information Entry Total: 759

Form 13F Information Table Value Total: 2921652
List of Other Included Mangers:



VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL

D 3M Company COM 88579Y101 3230 43400 SH SOLE 43400
D A E S Corporation COM 00130H105 2190 107400 SH SOLE 107400
D A M B Property Corporation Common Stock REIT 00163T109 419 7598 SH SOLE 7598
D "A B X Air, Inc." COM 00080S101 181 32200 SH SOLE 32200
D "A G Edwards, Inc." COM 281760108 324 6079 SH SOLE 6079
D A M R Corporation COM 001765106 406 17564 SH SOLE 17564
D "A T & T, Inc." COM 00206R102 1618 49700 SH SOLE 49700
D A V X Corporation COM 002444107 219 12400 SH SOLE 12400
D "ABAXIS, INC." COM 002567105 5146 220000 SH SOLE 220000
D Abbott Laboratories COM 002824100 995 20500 SH SOLE 20500
D Ace Ltd COM G0070K103 1965 35900 SH SOLE 35900
D Actuant Corp Common Stock Class A 00508X203 2545 50800 SH SOLE 50800
D Advanced Energy Industries COM 007973100 191 11200 SH SOLE 11200
D "Adobe Systems, Inc." COM 00724F101 1816 48500 SH SOLE 48500
D "Aetna, Inc." COM 00817Y108 2452 61998 SH SOLE 61998
D Affiliated Computer Services COM 008190100 560 10800 SH SOLE 10800
D "Aflac, Inc." COM 001055102 1876 41000 SH SOLE 41000
D "Agilent Technologies, Inc." COM 00846U101 1344 41100 SH SOLE 41100
D "Airgas, Inc." COM 009363102 322 8898 SH SOLE 8898
D Albemarle Corporation COM 012653101 749 13788 SH SOLE 13788
D Alberto-Culver Co. COM 013068101 233 4600 SH SOLE 4600
D "Alcoa, Inc." COM 013817101 1495 53333 SH SOLE 53333
D Alexandria Real Est Equitie Com Stk REIT 015271109 6033 64320 SH SOLE 64320
D "Allegheny Technologies, Inc." COM 01741R102 454 7300 SH SOLE 7300
D Alliant Energy Corporation COM 018802108 274 7669 SH SOLE 7669
D "Allergan, Inc." COM 018490102 275 2446 SH SOLE 2446
D Alliance Data Systems COM 018581108 259 4700 SH SOLE 4700
D "Alliance Imaging, Inc." COM 018606202 106 13600 SH SOLE 13600
D Allied Capital Corporation COM 01903Q108 519 17172 SH SOLE 17172
D Allstate Corporation COM 020002101 5554 88539 SH SOLE 88539
D Alltel Corporation COM 020039103 1591 28669 SH SOLE 28669
D Altera Corporation COM 021441100 987 53700 SH SOLE 53700
D "Altria Group, Inc." COM 02209S103 17282 225758 SH SOLE 225758
D "Ambac, Inc." COM 023139108 2199 26574 SH SOLE 26574
D Ameren Corporation COM 023608102 1113 21088 SH SOLE 21088
D AMERICAN CAPITAL STRATEGIES COM 024937104 476 12072 SH SOLE 12072
D American Electric Power Co. COM 025537101 1591 43747 SH SOLE 43747
D American Express Company COM 025816109 5558 99100 SH SOLE 99100
D American Financial Group COM 025932104 467 9955 SH SOLE 9955
D American Home Mortgage Investm COM 02660R107 530 15200 SH SOLE 15200
D "American Intl Group, Inc." COM 026874107 17984 271416 SH SOLE 271416
D American National Insurance COM 028591105 266 2298 SH SOLE 2298
D American Standard Companies COM 029712106 374 8900 SH SOLE 8900
D AmeriCredit Corporation COM 03060R101 201 8038 SH SOLE 8038
D Amerigroup Corp. COM 03073T102 754 25500 SH SOLE 25500
D "Ameriprise Financial, Inc." COM 03076C106 2002 42697 SH SOLE 42697
D AmerisourceBergen Corporation COM 03073E105 1611 35638 SH SOLE 35638
D AMERUS GROUP CO. COM 03072M108 203 2986 SH SOLE 2986
D "Amgen, Inc." COM 031162100 7103 99300 SH SOLE 99300
D Amsouth Bancorporation COM 032165102 1074 36978 SH SOLE 36978
D ANADARKO PETROLEUM CORP COM 032511107 1472 33588 SH SOLE 33588
D "Analog Devices, Inc." COM 032654105 838 28500 SH SOLE 28500
D "Anheuser-Busch Companies, Inc." COM 035229103 4173 87828 SH SOLE 87828
D Ann Taylor Stores Corporation COM 036115103 601 14357 SH SOLE 14357
D Ansoft Corporation COM 036384105 334 13400 SH SOLE 13400
D Aon Corporation COM 037389103 1247 36821 SH SOLE 36821
D Apache Corporation COM 037411105 626 9900 SH SOLE 9900
D APARTMENT INVT & MGMT CO. COM 03748R101 607 11164 SH SOLE 11164
D "Apollo Group, Inc." Common Stock Class A 037604105 379 7700 SH SOLE 7700
D "Apple Computer, Inc." COM 037833100 4306 55900 SH SOLE 55900
D Applera Corp./Applied Bio Grp COM 038020103 1570 47428 SH SOLE 47428
D "Applied Materials, Inc." COM 038222105 2197 123900 SH SOLE 123900
D Arbor Realty Trust Common Stock REIT 038923108 253 9900 SH SOLE 9900
D Archer-Daniels-Midland Company COM 039483102 3916 103368 SH SOLE 103368
D Archstone-Smith Opr Tr Com Stk REIT 039583109 12655 232458 SH SOLE 232458
D ARISTOTLE CORPORATION COM 040448201 225 28389 SH SOLE 28389
D Ark Restaurants Corp. COM 040712101 1226 46300 SH SOLE 46300
D "ArvinMeritor, Inc." COM 043353101 197 13800 SH SOLE 13800
D "Ashland, Inc." COM 044209104 670 10500 SH SOLE 10500
D "ASPEN TECHNOLOGY, INC." COM 045327103 1819 166600 SH SOLE 166600
D Associated Banc-Corporation COM 045487105 298 9181 SH SOLE 9181
D "ASSURANT, INC." COM 04621X108 670 12552 SH SOLE 12552
D "ASTA FUNDING, INC." COM 046220109 232 6200 SH SOLE 6200
D "Asyst Technologies, Inc." COM 04648X107 210 31000 SH SOLE 31000
D "Atlas Air Worldwide Hldg, Inc." COM 049164205 6324 145308 SH SOLE 145308
D Atmel Corporation COM 049513104 160 26413 SH SOLE 26413
D "Autodesk, Inc." COM 052769106 623 17900 SH SOLE 17900
D "Autoliv, Inc." COM 052800109 445 8072 SH SOLE 8072
D Automatic Data Processing COM 053015103 11728 247750 SH SOLE 247750
D "Autozone, Inc." COM 053332102 733 7100 SH SOLE 7100
D "Avalon Bay Com,Inc." Com Stk REIT 053484101 10159 84373 SH SOLE 84373
D "Avaya, Inc." COM 053499109 611 53421 SH SOLE 53421
D Avery Dennison Corporation COM 053611109 511 8500 SH SOLE 8500
D "Avon Products, Inc." COM 054303102 883 28800 SH SOLE 28800
D "AXSYS TECHNOLOGIES, INC." COM 054615109 2579 151693 SH SOLE 151693
D AZZ INCORPORATED COM 002474104 3968 108700 SH SOLE 108700
D B B & T Corporation COM 054937107 2925 66803 SH SOLE 66803
D B J Services Company COM 055482103 961 31900 SH SOLE 31900
D "B M C Software, Inc." COM 055921100 1549 56900 SH SOLE 56900
D B P Amoco plc Common Stock ADR 055622104 6551 99900 SH SOLE 99900
D "B R E Properties, Inc." COM 05564E106 226 3786 SH SOLE 3786
D "Baker Hughes, Inc." COM 057224107 1207 17700 SH SOLE 17700
D Ball Corporation COM 058498106 413 10200 SH SOLE 10200
D Bally Total Fitness Hld Corp. COM 05873K108 35 23178 SH SOLE 23178
D "Bancorp Rhode Island, Inc." COM 059690107 2558 57800 SH SOLE 57800
D BancorpSouth Inc COM 059692103 303 10909 SH SOLE 10909
D "Bancshares of Florida, Inc." COM 05976U102 1254 59500 SH SOLE 59500
D Bank of America Corporation COM 060505104 45151 842835 SH SOLE 842835
D "Bank of New York Company, Inc." COM 064057102 3231 91620 SH SOLE 91620
D "BARR PHARMACEUTICALS, INC." COM 068306109 329 6325 SH SOLE 6325
D "Bausch & Lomb, Inc." COM 071707103 406 8091 SH SOLE 8091
D "Baxter International, Inc." COM 071813109 3291 72400 SH SOLE 72400
D Beacon Power Corporation COM 073677106 927 735525 SH SOLE 735525
D "Bear Stearns Companies, Inc." COM 073902108 3455 24660 SH SOLE 24660
D Becton Dickinson and Company COM 075887109 1618 22900 SH SOLE 22900
D "Belden C D T, Inc." COM 077454106 218 5700 SH SOLE 5700
D Bellsouth Corporation COM 079860102 10112 236549 SH SOLE 236549
D "Bemis Company, Inc." COM 081437105 508 15464 SH SOLE 15464
D "Best Buy Company, Inc." COM 086516101 1261 23550 SH SOLE 23550
D "BEVERLY HILLS BANCORP, INC." COM 087866109 113 13900 SH SOLE 13900
D "Big Lots, Inc." COM 089302103 3419 172574 SH SOLE 172574
D "BIioMed Realty Trust,Inc." Com Stk REIT 09063H107 8161 269000 SH SOLE 269000
D "Bioenvision, Inc." COM 09059N101 184 33420 SH SOLE 33420
D "BIOGEN IDEC, INC." COM 09062X103 1964 43960 SH SOLE 43960
D Black & Decker Corporation COM 091797100 619 7796 SH SOLE 7796
D Boeing Company COM 097023105 4944 62700 SH SOLE 62700
D Bolt Technologies COM 097698104 8339 622746 SH SOLE 622746
D "Boston Properties,Inc." Com Stock REIT 101121101 13423 129890 SH SOLE 129890
D Boston Scientific Corporation COM 101137107 466 31500 SH SOLE 31500
D Bristol-Myers Squibb Company COM 110122108 2952 118445 SH SOLE 118445
D Brocade Communications Systems COM 111621108 566 80100 SH SOLE 80100
D BROOKFIELD HOMES CORP. COM 112723101 245 8700 SH SOLE 8700
D Brown-Forman Corporation Common Stock Class B 115637209 276 3600 SH SOLE 3600
D BRUKER BIOSCIENCES CORP. COM 116794108 374 53400 SH SOLE 53400
D Burlington Northern Santa Fe COM 12189T104 1381 18800 SH SOLE 18800
D C A M Commerce Solutions Inc. COM 131916108 1064 53184 SH SOLE 53184
D "C A, INC." COM 12673P105 1057 44627 SH SOLE 44627
D C B S Corp Common Stock Class B 124857202 2128 75532 SH SOLE 75532
D "C H Robinson Worldwide, Inc." COM 12541W209 281 6300 SH SOLE 6300
D "C I T Group, Inc." COM 125581108 1673 34409 SH SOLE 34409
D C S X Corporation COM 126408103 1397 42544 SH SOLE 42544
D C T S CORP. COM 126501105 238 17300 SH SOLE 17300
D C V S Corporation COM 126650100 1099 34200 SH SOLE 34200
D Callon Petroleum Company COM 13123X102 1016 74950 SH SOLE 74950
D "CAL-MAINE FOODS, INC." COM 128030202 90 13600 SH SOLE 13600
D Camden Property Trust COM 133131102 2876 37839 SH SOLE 37839
D Campbell Soup Company COM 134429109 962 26367 SH SOLE 26367
D Camtek Ltd COM CAMTIL011 92 14900 SH SOLE 14900
D Capital One Financial Corp. COM 14040H105 818 10400 SH SOLE 10400
D Capital Trust Common Stock Class A 14052H506 428 10500 SH SOLE 10500
D "CAPITALSOURCE, INC." COM 14055X102 398 15397 SH SOLE 15397
D Cardiac Science Corp. COM 14141A108 1502 202942 SH SOLE 202942
D "Cardinal Health, Inc." COM 14149Y108 2294 34900 SH SOLE 34900
D "Caremark Rx, Inc." COM 141705103 2244 39593 SH SOLE 39593
D Carnival Corporation COM 143658300 668 14200 SH SOLE 14200
D CARPENTER TECHNOLOGY CORP. COM 144285103 408 3791 SH SOLE 3791
D CASCADE BANCORP COM 147154108 345 9200 SH SOLE 9200
D "Cash America Intl, Inc." COM 14754D100 313 8000 SH SOLE 8000
D "Castle Brands, Inc." COM 148435100 3728 510685 SH SOLE 510685
D "Caterpillar, Inc." COM 149123101 2790 42400 SH SOLE 42400
D "Celadon Group, Inc." COM 150838100 236 14175 SH SOLE 14175
D "Centerpoint Energy, Inc." COM 15189T107 629 43916 SH SOLE 43916
D Centex Corporation COM 152312104 400 7600 SH SOLE 7600
D "Centurytel, Inc." COM 156700106 1466 36957 SH SOLE 36957
D Ceridian Corporation COM 156779100 536 23960 SH SOLE 23960
D "Charlotte Russe Holding, Inc." COM 161048103 212 7700 SH SOLE 7700
D Chevron Corporation COM 166764100 18355 283000 SH SOLE 283000
D CHICAGO MERCANTILE EXCHANGE COM 167760107 1530 3200 SH SOLE 3200
D Chubb Corporation COM 171232101 2961 56980 SH SOLE 56980
D Ciena Corporation COM 171779101 263 9655 SH SOLE 9655
D Cigna Corporation COM 125509109 3252 27960 SH SOLE 27960
D Cincinnati Financial Corp. COM 172062101 1191 24777 SH SOLE 24777
D Cintas Corporation COM 172908105 225 5500 SH SOLE 5500
D "Cisco Systems, Inc." COM 17275R102 11891 517000 SH SOLE 517000
D "Citigroup, Inc." COM 172967101 37581 756615 SH SOLE 756615
D Citizens Communications Co. COM 17453B101 554 39452 SH SOLE 39452
D "Citrix Systems, Inc." COM 177376100 478 13200 SH SOLE 13200
D Clear Channel Communications COM 184502102 1851 64176 SH SOLE 64176
D Cleco Corporation COM 12561W105 265 10500 SH SOLE 10500
D "Coach, Inc." COM 189754104 323 9400 SH SOLE 9400
D Coca-Cola Company COM 191216100 9027 202030 SH SOLE 202030
D "Coca-Cola Enterprises, Inc." COM 191219104 1019 48931 SH SOLE 48931
D Colgate-Palmolive Company COM 194162103 1626 26186 SH SOLE 26186
D Colonial Properties Trust Common Stock REIT 195872106 210 4384 SH SOLE 4384
D Comcast Corporation COM 20030N101 7280 197560 SH SOLE 197560
D "Comerica, Inc." COM 200340107 1768 31062 SH SOLE 31062
D Commerce Bancorporation COM 200519106 7668 208870 SH SOLE 208870
D "COMMUNICATIONS SYSTEMS, INC." COM 203900105 425 45500 SH SOLE 45500
D "Compass Bancshares, Inc." COM 20449H109 819 14372 SH SOLE 14372
D Computer Sciences Corporation COM 205363104 1176 23945 SH SOLE 23945
D Compuware Corporation COM 205638109 326 41821 SH SOLE 41821
D "ConAgra Foods, Inc." COM 205887102 1639 66971 SH SOLE 66971
D ConocoPhillips COM 20825C104 12823 215405 SH SOLE 215405
D "Consolidated Edison, Inc." COM 209115104 1517 32836 SH SOLE 32836
D Constellation Energy Group COM 210371100 1125 18998 SH SOLE 18998
D Convergys Corporation COM 212485106 1084 52479 SH SOLE 52479
D Cooper Industries Ltd Common Stock Class A G24182100 605 7100 SH SOLE 7100
D Copano Energy LLC COM 217202100 264 4900 SH SOLE 4900
D "Core Mark Holding, Inc." COM 218681104 1050 33500 SH SOLE 33500
D Core Molding Technologies Inc COM 218683100 97 14000 SH SOLE 14000
D "Corning, Inc." COM 219350105 2436 99800 SH SOLE 99800
D Corporate Office Properties Com Stock REIT 22002T108 2945 65790 SH SOLE 65790
D "CORUS BANKSHARES, INC." COM 220873103 508 22700 SH SOLE 22700
D Costco Wholesale Corporation COM 22160K105 835 16798 SH SOLE 16798
D Countrywide Financial Corp COM 222372104 3850 109881 SH SOLE 109881
D "Coventry Health Care, Inc." COM 222862104 656 12725 SH SOLE 12725
D Crane Company COM 224399105 545 13048 SH SOLE 13048
D "Crosstex Energy, Inc." COM 22765Y104 710 7924 SH SOLE 7924
D "Cummins, Inc." COM 231021106 2359 19784 SH SOLE 19784
D "Cytec Industries, Inc." COM 232820100 264 4743 SH SOLE 4743
D "D J O, Inc." COM 23325G104 224 5400 SH SOLE 5400
D D T E Energy Company COM 233331107 886 21355 SH SOLE 21355
D Danaher Corporation COM 235851102 2184 31800 SH SOLE 31800
D "Darden Restaurants, Inc." COM 237194105 616 14500 SH SOLE 14500
D Darwin Professional Underwrite COM 237502109 10811 486770 SH SOLE 486770
D Dean Foods Company COM 242370104 873 20767 SH SOLE 20767
D Deere & Company COM 244199105 621 7400 SH SOLE 7400
D Deerfield Triarc Cap Corp Com Stock REIT 244572301 3933 300000 SH SOLE 300000
D Del Monte Corporation COM 24522P103 623 59570 SH SOLE 59570
D "Dell, Inc." COM 24702R101 3154 138100 SH SOLE 138100
D Developers Div Realty Com Stk REIT 251591.103 6061 108696 SH SOLE 108696
D Devon Energy Corporation COM 25179M103 1231 19500 SH SOLE 19500
D DiamondRock Hospitality Co. COM 252784301 362 21800 SH SOLE 21800
D "Dillard's, Inc." COM 254067101 461 14100 SH SOLE 14100
D "DIODES, INC." COM 254543101 348 8050 SH SOLE 8050
D Walt Disney Company COM 254687106 9168 296607 SH SOLE 296607
D "DIRECTV GROUP, INC." COM 25459L106 327 16600 SH SOLE 16600
D Distributed Energy Systems Cor COM 25475V104 45 14000 SH SOLE 14000
D "Dollar Tree Stores, Inc." COM 256747106 654 21116 SH SOLE 21116
D "Dominion Resources, Inc." COM 25746U109 1456 19040 SH SOLE 19040
D Doskocil Manufacturing Company COM 258487107 2870 625499 SH SOLE 625499
D Dover Corporation COM 260003108 1370 28879 SH SOLE 28879
D Dover Downs Gaming & Entmt COM 260095104 187 15350 SH SOLE 15350
D Dow Chemical Company COM 260543103 13924 357200 SH SOLE 357200
D Duke Energy Corporation COM 26441C105 5158 170803 SH SOLE 170803
D Duke Realty Corporation COM 264411505 446 11950 SH SOLE 11950
D Dun & Bradsheet Corporation COM 26483E100 285 3800 SH SOLE 3800
D "Dynegy, Inc." COM 26816Q101 235 42400 SH SOLE 42400
D E C C Capital Corp. Common Stock REIT 26826M108 1530 1500000 SH SOLE 1500000
D E I du Pont de Nemours & Co. COM 263534109 3771 88033 SH SOLE 88033
D E M C Corporation COM 268648102 1332 111200 SH SOLE 111200
D "EARTHLINK, INC." COM 270321102 203 27900 SH SOLE 27900
D Eastman Kodak Company COM 277461109 437 21500 SH SOLE 21500
D Eaton Corporation COM 278058102 1380 20048 SH SOLE 20048
D "Ebay, Inc." COM 278642103 2033 71700 SH SOLE 71700
D "Ecolab, Inc." COM 278865100 343 8000 SH SOLE 8000
D Edison International COM 281020107 2270 54514 SH SOLE 54514
D El Paso Corporation COM 28336L109 2335 171186 SH SOLE 171186
D "Electronic Arts, Inc." COM 285512109 590 10600 SH SOLE 10600
D Electronic Data Systems Corp. COM 285661104 1159 47272 SH SOLE 47272
D Eli Lilly and Company COM 532457108 3300 57891 SH SOLE 57891
D "Perry Ellis International, Inc" COM 288853104 204 6600 SH SOLE 6600
D Embarq Corporation COM 29078E105 923 19080 SH SOLE 19080
D "EMC Insurance Group, Inc." COM 268664109 202 7000 SH SOLE 7000
D Endurance Specialty Holdings COM G30397106 1234 35000 SH SOLE 35000
D Energen Corporation COM 29265N108 247 5898 SH SOLE 5898
D Emerson Electric Company COM 291011104 3127 37293 SH SOLE 37293
D "EnergySouth, Inc." COM 292970100 219 6500 SH SOLE 6500
D "Entegris, Inc." COM 29362U104 3976 364400 SH SOLE 364400
D Entergy Corporation COM 29364G103 11894 152045 SH SOLE 152045
D "Enzon, Inc." COM 293904108 1214 147200 SH SOLE 147200
D E O G Resources COM 26875P101 559 8600 SH SOLE 8600
D "Equifax, Inc." COM 294429105 956 26048 SH SOLE 26048
D Equity Office Prop Tr Com Stk REIT 294741103 15302 384849 SH SOLE 384849
D Equity Residential Common Stock REIT 29476L107 15290 302300 SH SOLE 302300
D "Estee Lauder Companies,Inc." Com Stk Class A 518439104 230 5700 SH SOLE 5700
D E*Trade Financial Corp. COM 269246104 1079 45093 SH SOLE 45093
D Exar Corporation COM 300645108 665 50000 SH SOLE 50000
D Exelon Corporation COM 30161N101 12217 201798 SH SOLE 201798
D "Expedia, Inc." COM 30212P105 557 35500 SH SOLE 35500
D "Express Scripts, Inc." COM 302182100 1517 20100 SH SOLE 20100
D "Extra Space Storage, Inc." COM 30225T102 1799 103900 SH SOLE 103900
D Exxon Corporation COM 30231G102 66098 985069 SH SOLE 985069
D "F P L Group, Inc." COM 302571104 2092 46492 SH SOLE 46492
D "FTD Group, Inc." COM 30267U108 201 13000 SH SOLE 13000
D Family Dollar Stores COM 307000109 803 27460 SH SOLE 27460
D Federal Realty Inv Tr Com Stock REIT 313747206 2182 29370 SH SOLE 29370
D "Federated Dept Stores, Inc." COM 31410H101 4553 105364 SH SOLE 105364
D FedEx Corporation COM 31428X106 2815 25900 SH SOLE 25900
D FHLMC COM 313400301 5500 82916 SH SOLE 82916
D Fieldstone Inv Corp Com Stk REIT 31659U300 6984 800000 SH SOLE 800000
D Fifth Third Bancorp COM 316773100 2422 63591 SH SOLE 63591
D FIRST BANCORP PUERTO RICO COM 318672102 277 25000 SH SOLE 25000
D FIRST CASH FINANCIAL SERVICES COM 31942D107 371 18000 SH SOLE 18000
D First Data Corporation COM 319963104 1709 40700 SH SOLE 40700
D First Financial Federal Corp. COM 337907109 227 4000 SH SOLE 4000
D FIRST HORIZON NATIONAL CORP. COM 320517105 589 15498 SH SOLE 15498
D First Potomac Realty Tr Common Stock REIT 33610F109 2762 91400 SH SOLE 91400
D FirstEnergy Corporation COM 337932107 2643 47309 SH SOLE 47309
D "Fiserv, Inc." COM 337738108 871 18500 SH SOLE 18500
D "Fisher Scientific Intl, Inc." COM 338032204 2196 28068 SH SOLE 28068
D FNMA COM 313586109 6931 123959 SH SOLE 123959
D Ford Motor Company COM 345370860 1922 237600 SH SOLE 237600
D "Forest Laboratories, Inc." COM 345838106 1377 27200 SH SOLE 27200
D "Forrester Resh, Inc." COM 346563109 3255 123700 SH SOLE 123700
D Franklin Resources COM 354613101 1375 13000 SH SOLE 13000
D Freeport-McMoran Copper & Gold COM 35671D857 409 7679 SH SOLE 7679
D "Freescale Semiconductor" Com Stk Cl B 35687M206 2896 76190 SH SOLE 76190
D Friedman Billings Ramsey-A COM 358434108 6424 800000 SH SOLE 800000
D "Gannett Company, Inc." COM 364730101 1847 32496 SH SOLE 32496
D "Gap, Inc." COM 364760108 1130 59640 SH SOLE 59640
D "Gardner Denver, Inc." COM 365558105 840 25400 SH SOLE 25400
D "Gartner Group, Inc." COM 366651107 7025 399400 SH SOLE 399400
D General Dynamics Corp COM 369550108 5132 71601 SH SOLE 71601
D General Electric Company COM 369604103 34691 982739 SH SOLE 982739
D General Growth Prop Common Stock REIT 370021107 17573 368800 SH SOLE 368800
D "General Mills, Inc." COM 370334104 2755 48683 SH SOLE 48683
D General Motors Corporation COM 370442105 2602 78220 SH SOLE 78220
D "Genlyte Group, Inc." COM 372302109 910 12780 SH SOLE 12780
D "GenTek, Inc." COM 37245X203 1464 53042 SH SOLE 53042
D "GENWORTH FINANCIAL, INC." Com Stk Class A 37247D106 3001 85709 SH SOLE 85709
D Genzyme Corporation COM 372917104 398 5900 SH SOLE 5900
D Georgia Gulf Corporation COM 373200203 222 8100 SH SOLE 800
D "Gilead Sciences, Inc." COM 375558103 1436 20900 SH SOLE 20900
D Global Industries Ltd COM 379336100 843 54200 SH SOLE 54200
D Golden West Financial Corp. 381317106 1568 20298 SH SOLE 20298
D "Goldman Sachs Group, Inc." COM 38141G104 7540 44569 SH SOLE 44569
D Goodyear Tire & Rubber Company COM 382550101 748 51600 SH SOLE 51600
D "GOOGLE, INC." Common Stock Class A 38259P508 5948 14800 SH SOLE 14800
D "Grainger W W, Inc." COM 384802104 402 5996 SH SOLE 5996
D Gramercy Capital Corp. Common Stock REIT 384871109 2753 109200 SH SOLE 109200
D "Great Plains Energy, Inc." COM 391164100 635 20486 SH SOLE 20486
D H C A Incorporated COM 404119109 1033 20700 SH SOLE 20700
D H M S Holdings Corp COM 40425J101 2388 189200 SH SOLE 189200
D HALLIBURTON COMPANY COM 406216101 2202 77400 SH SOLE 77400
D "Harley-Davidson, Inc." COM 412822108 1431 22800 SH SOLE 22800
D "Harleysville Group, Inc." COM 412824104 318 9100 SH SOLE 9100
D Hartford Financial Svcs Group COM 416515104 4063 46838 SH SOLE 46838
D "Hasbro, Inc." COM 418056107 1132 49740 SH SOLE 49740
D "Health Care REIT, Inc." Com Stock REIT 42217K106 8558 213898 SH SOLE 213898
D Heinz H J Company COM 423074103 1981 47250 SH SOLE 47250
D "Hercules, Inc." COM 427056106 183 11588 SH SOLE 11588
D Hewlett-Packard Company COM 428236103 12245 333755 SH SOLE 333755
D Highland Hospitality Corp Common Stock REIT 430141101 188 13100 SH SOLE 13100
D Hillenbrand Industries COM 431573104 809 14200 SH SOLE 14200
D Hilton Hotels Corporation COM 432848109 471 16900 SH SOLE 16900
D Hittite Microwave Corp COM 43365Y104 7546 169567 SH SOLE 169567
D HOLLY CORPORATION COM 435758305 494 11400 SH SOLE 11400
D "Home Depot, Inc." COM 437076102 5121 141200 SH SOLE 141200
D "Home Solutions of Amer, Inc." COM 437355100 213 38800 SH SOLE 38800
D "Honeywell International, Inc." COM 438516106 12554 306933 SH SOLE 306933
D Hospitality Properties Trust COM 44106M102 329 6972 SH SOLE 6972
D "Host Hotels & Resorts, Inc." COM 44107P104 5292 230783 SH SOLE 230783
D "Humana, Inc." COM 444859102 826 12500 SH SOLE 12500
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D "VeriSign, Inc." COM 92343E102 257 12700 SH SOLE 12700
D "Verizon Communications, Inc." COM 92343V104 15376 414121 SH SOLE 414121
D Viacom Inc Common Stock Class B 92553P201 1312 35300 SH SOLE 35300
D Vignette Corporation COM 926734401 271 20000 SH SOLE 20000
D Virginia Commerce Bancorp COM 92778Q109 271 10500 SH SOLE 10500
D "Vishay Intertechnology, Inc." COM 928298108 230 16350 SH SOLE 16350
D Vornado Realty Trust Common Stock REIT 929042109 16741 153589 SH SOLE 153589
D Wachovia Corporation COM 929903102 13790 247134 SH SOLE 247134
D Walgreen Company COM 931422109 3711 83600 SH SOLE 83600
D "Wal-Mart Stores, Inc." COM 931142103 8883 180100 SH SOLE 180100
D WARNER MUSIC GROUP CORP. COM 934550104 614 23660 SH SOLE 23660
D "Washington Mutual, Inc." COM 939322103 5213 119928 SH SOLE 119928
D "Waste Management, Inc." COM 94106L109 16590 452281 SH SOLE 452281
D "Watson Pharmaceuticals, Inc." COM 942683103 1033 39476 SH SOLE 39476
D Weatherford International Ltd. COM G95089101 267 6400 SH SOLE 6400
D Weingarten Realty Investors Com Stk REIT 948741103 6826 158676 SH SOLE 158676
D Wellcare Health Plans Inc COM 94946T106 272 4800 SH SOLE 4800
D "WELLPOINT, INC." COM 94973V107 5567 72252 SH SOLE 72252
D Wells Fargo & Company COM 949746101 24844 686690 SH SOLE 686690
D "Wendy's International, Inc." COM 950590109 703 10491 SH SOLE 10491
D "Wesco International, Inc." COM 95082P105 360 6200 SH SOLE 6200
D WEST PHARMACEUTICAL SERVICES COM 955306105 204 5200 SH SOLE 5200
D "Western Refining, Inc." COM 959319104 783 33700 SH SOLE 33700
D Westlake Chemical Corporation COM 960413102 690 21545 SH SOLE 21545
D Weyerhaeuser Company COM 962166104 11734 190700 SH SOLE 190700
D Wheeling-Pittsburgh Steel Corp COM 963142302 462 26980 SH SOLE 26980
D Whirlpool Corporation COM 963320106 940 11176 SH SOLE 11176
D "Williams Companies, Inc." COM 969457100 3549 148700 SH SOLE 148700
D Windstream Corp. COM 97381W104 948 71895 SH SOLE 71895
D Wisconsin Energy Corp. COM 976657106 258 5972 SH SOLE 5972
D WOLVERINE WORLD WIDE COM 978097103 201 7100 SH SOLE 7100
D WR Berkley Corporation COM 084423102 392 11079 SH SOLE 11079
D WSFS FINL CORP COM 929328102 410 6600 SH SOLE 6600
D Wyndham Worldwide Corp. Common Stock REIT 74460D109 422 15120 SH SOLE 15120
D Wyeth COM 983024100 13672 268916 SH SOLE 268916
D "XCEL Energy, Inc." COM 98389B100 1693 81992 SH SOLE 81992
D "X T O Energy, Inc." COM 98385X106 398 9450 SH SOLE 9450
D Xerox Corporation COM 984121103 3098 199128 SH SOLE 199128
D "Xilinx, Inc." COM 983919101 587 25900 SH SOLE 25900
D "Yahoo!, Inc." COM 984332106 1706 67500 SH SOLE 67500
D "Zimmer Holdings, Inc." COM 98956P102 385 5700 SH SOLE 5700
D Zions Bancorporation COM 989701107 446 5586 SH SOLE 5586
D "Agere Systems" Conv Bond 00845VAA8 3008 3000000 PAR SHARES SOLE 3000000
D "Amer Int Grp,Inc." Conv Bd 026874AP2 58191 83130000 PAR SHARES SOLE 83130000
D "Amgen, Inc." Conv Bd 031162AE0 30507 40880000 PAR SHARES SOLE 40880000
D "B E A Systems" Conv Note 073325AD4 1493 1500000 PAR SHARES SOLE 1500000
D "Centerpoint ,Inc." Note Ser B 15189TAM9 1913 1500000 PAR SHARES SOLE 1500000
D Ciena Corp Conv Sen Note 171779AA9 1515 1570000 PAR SHARES SOLE 1570000
D Citadel Broad Conv Bd 17285TAB2 8951 11000000 PAR SHARES SOLE 11000000
D "Cymer, Inc." Note 232572AE7 1049 1000000 PAR SHARES SOLE 1000000
D EchoStar Com Corp. Conv Sub Nt 278762AG4 2506 2500000 PAR SHARES SOLE 2500000
D Electronics for Imag Conv Bd 286082AA0 1038 1000000 PAR SHARES SOLE 1000000
D F E I Company Conv Sub Note 30241LAB5 2397 2415000 PAR SHARES SOLE 2415000
D Graftech Intl Conv Bd 384313AB8 8625 12000000 PAR SHARES SOLE 12000000
D Huntsman Corp 5% Pfd Stk Series 447011206 806 20000 PAR SHARES SOLE 20000
D ICOS Corp Convertible Bond 449295AB0 9979 11620000 PAR SHARES SOLE 11620000
D Inco Limited Note 453258AM7 15188 7500000 PAR SHARES SOLE 7500000
D Intel Corporation Note 458140AD2 1788 2000000 PAR SHARES SOLE 2000000
D International Paper Conv Bd 460146BM4 1896 3333000 PAR SHARES SOLE 3333000
D International Rec Corp Conv Bd 460254AE5 988 1000000 PAR SHARES SOLE 1000000
D JetBlue Airways Corp Cov Bd 477143AB7 23691 26250000 PAR SHARES SOLE 26250000
D "Manor Care, Inc." Convertible 564055AL5 613 500000 PAR SHARES SOLE 500000
D "Merrill Lynch Co, " Conv Nt 590188W46 2337 2000000 PAR SHARES SOLE 2000000
D "Nextel Com, Inc." Conv Note 65332VAY9 4225 4295000 PAR SHARES SOLE 4295000
D Nortel Networks Corp Cov Bd 656568AB8 4262 4463000 PAR SHARES SOLE 4463000
D Northwest Airlines Corp Conv Bond 667280AC5 424 800000 PAR SHARES SOLE 800000
D Northwest Airlines Corp Note 667280AE1 263 500000 PAR SHARES SOLE 500000
D "Omnicom Group" Con Bd 681919AK2 19850 20000000 PAR SHARES SOLE 20000000
D "Owens -Illinois" Conv Red Pfd 690768502 3001 85560 PAR SHARES SOLE 85560
D Peninsula Gaming Conv Pfd Stl Units 707133203 317 52815 PAR SHARES SOLE 52815
D Prime Succession Acq Co. Conv Bond 741572MM0 0 211072 PAR SHARES SOLE 211072
D "Q L T, INC." Con Bond 746927AB8 12449 13440000 PAR SHARES SOLE 13440000
D "Quanta Services, Inc." Note 74762EAC6 1630 1000000 PAR SHARES SOLE 1000000
D "S C I Systems" Conv Unsec Nt 783890AF3 6473 6605000 PAR SHARES SOLE 6605000
D S P X Corporation Note 784635AD6 0 30000000 PAR SHARES SOLE 30000000
D Solectron Cor Conv Note 834182AK3 2505 4463000 PAR SHARES SOLE 4463000
D Trinity Industries Conv Bond 896522AF6 480 500000 PAR SHARES SOLE 500000
D "TriQuint Semicon" Conv Bd 89674KAB9 2543 2565000 PAR SHARES SOLE 2565000

S REPORT SUMMARY 759 DATA RECORDS 2921652

November 15, 2006


Document Control-Filing Desk
Securities & Exchange Commission
450 Fifth Street, N.W.
Washington D.C. 20549-0104

Dear Sir or Madam:

Pursuant to Section 13(f) of the Securities Exchange Act of 1934,
I am filing electronically on behalf of Babson Capital Management LLC
(Babson) Form 13F for the quarter ending September 30, 2006.

Babson has indicated that it exercises "sole" investment discretion
with respect to the securities positions reported in its Form 13F.
Nevertheless, such positions shall also be deemed reported on behalf
of Massachusetts Mutual Life Insurance Compny (MassMutual) to the extent
that MassMutual may be deemed to "share" investment discretion over the
positions as a result of Babson being a wholly-owned indirect subsidiary
of MassMutual.

If you should have any questions or comments regarding this matter
please call me at (617) 761-6599.

Sincerely,




Jan Jumet
Managing Director and
Chief Compliance Officer