Silkworm larvae protein concentrate was partially hydrolyzed at $50^{circ}C$ by papain at pH 2.0 and pepsin at pH 7.0 for 10min and 60min and the effect of enzymatic modification on the functional properties of silkworm larvae protein concentrate was examined. The degrees of hydrolysis measured by TCA-soluble nitrogen content were 10.2% and 19.2% when hydrolyzed by pepsin for 10min and 60min. The nitrogen solubility in water and 0.03M $CaCl_2$ was increased with increasing the degree of hydrolysis, and bulk density, water and oil absorption were also enhanced by enzymatic hydrolysis when compared with the control.