<?xml version="1.0"?>
<ownershipDocument>
    <schemaVersion>X0101</schemaVersion>

    <documentType>4</documentType>
	<periodOfReport>2003-06-26</periodOfReport>
	<notSubjectToSection16>0</notSubjectToSection16>
    <issuer>
        <issuerCik>0000275694</issuerCik>
        <issuerName>MASSMUTUAL CORPORATE INVESTORS</issuerName>
        <issuerTradingSymbol>MCI</issuerTradingSymbol>
	</issuer>
	<reportingOwner>
		<reportingOwnerId>
            <rptOwnerCik>0001194966</rptOwnerCik>
            <rptOwnerName>OCONNELL ROBERT J</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>  </rptOwnerStreet1>
            <rptOwnerStreet2>  </rptOwnerStreet2>
            <rptOwnerCity>  </rptOwnerCity>
            <rptOwnerState>  </rptOwnerState>
            <rptOwnerZipCode>  </rptOwnerZipCode>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
			<isDirector>0</isDirector>
			<isOfficer>0</isOfficer>
			<isTenPercentOwner>0</isTenPercentOwner>
			<isOther>1</isOther>
			<otherText>Affiliated Person of Adviser</otherText>
		</reportingOwnerRelationship>
	</reportingOwner>
	<derivativeSecurity>
		<securityTitle>
			<value>MassMutual Non-Qualified Thrift Plan</value>
		</securityTitle>
		<conversionOrExercisePrice>
			<value>0.00</value>
		</conversionOrExercisePrice>
		<transactionDate>
			<value>2003-06-26</value>
		</transactionDate>
		<transactionCoding>
			<transactionFormType>4</transactionFormType>
			<transactionCode>A</transactionCode>
			<equitySwapInvolved>0</equitySwapInvolved>
		</transactionCoding>
		<transactionAmounts>
			<transactionShares>
				<value>31.47</value>
			</transactionShares>
			<transactionValue>
				<value>22.00</value>
			</transactionValue>
			<transactionAcquiredDisposedCode>
				<value>A</value>
			</transactionAcquiredDisposedCode>
		</transactionAmounts>
		<exerciseDate>
			<value>1988-08-08</value>
			<footnoteId id="F1"/>
		</exerciseDate>
		<expirationDate>
			<value>1988-08-08</value>
			<footnoteId id="F1"/>
		</expirationDate>
		<underlyingSecurity>
			<underlyingSecurityTitle>
				<value>Capital Stock</value>
			</underlyingSecurityTitle>
			<underlyingSecurityShares>
				<value>31.47</value>
			</underlyingSecurityShares>
		</underlyingSecurity>
		<postTransactionAmounts>
			<sharesOwnedFollowingTransaction>
				<value>18879.08</value>
			</sharesOwnedFollowingTransaction>
		</postTransactionAmounts>
		<ownershipNature>
			<directOrIndirectOwnership>
				<value>D</value>
			</directOrIndirectOwnership>
			<natureOfOwnership>
				<value/>
			</natureOfOwnership>
		</ownershipNature>
	</derivativeSecurity>
	<footnotes>
		<footnote id="F1">Exercisable only upon termination or retirement, however, holdings may be liquidated and invested into other investment options at each month. The derivative has no actual securities underlying the agreement, which is entirely notional.</footnote>
	</footnotes>
	<ownerSignature>
		<signatureName>By: Norman B. Flebotte, Attorney-in-Fact for</signatureName>
		<signatureDate>2003-06-27</signatureDate>
	</ownerSignature>
</ownershipDocument>

