We study preheating in a general class of supersymmetric hybrid inflation m
odels. Supersymmetry leads to only one coupling constant in the potential a
nd thus only one natural frequency of oscillation for the homogeneous field
s, whose classical evolution consequently differs from that of a general (n
on-supersymmetric) hybrid model. We emphasize the importance of mixing effe
cts in these models which can significantly change the rate of production o
f particles. We perform a general study of the rate of production of the pa
rticles associated with the homogeneous fields, and show how preheating is
efficient in producing these quanta. Preheating of other particle species w
ill be model dependent, and in order to investigate this we consider a real
istic working model of supersymmetric hybrid inflation which solves the str
ong-CP problem via an approximate Peccei-Quinn symmetry, which was proposed
by us previously. We study axion production in this model and show that pr
operly taking into account the mixing between the fields suppresses the axi
on production, yet enhances the production of other particles. Finally we d
emonstrate the importance of back reaction effects in this model which have
the effect of shutting off axion production, leaving the axion safely with
in experimental bounds. [S0556-2821(99)05220-0].