We analyze the CP violating ratio epsilon'/epsilon and rare K and B decays
in the MSSM with minimal flavour and CP violation, including NLO QCD correc
tions and imposing constraints on the supersymmetric parameters coming from
epsilon, B-d,s(0)-(B) over bar (0)(d,s) mixings, B --> X(s)gamma, Delta rh
o in the electroweak precision studies and from the lower bound on the neut
ral Higgs mass. We provide a compendium of phenomenologically relevant form
ulae in the MSSM. Denoting by T(e) the MSSM prediction for a given quantity
normalized to the Standard Model result we find the ranges: 0.53 less than
or equal to T (epsilon'/epsilon) less than or equal to 1.07, 0.65 less tha
n or equal to T(K+ --> pi (+)nu<(<nu>)over bar>) less than or equal to 1.02
, 0.41 less than or equal to T(K-L --> pi (0)nu<(<nu>)over bar>) less than
or equal to 1.03, 0.48 less than or equal to T(K-L --> pi (0)e(+)e(-)) less
than or equal to 1.10, 0.73 less than or equal to T(B --> X(s)nu<(<nu>)ove
r bar>) less than or equal to 1.34 and 0.68 less than or equal to T(B-s -->
mu<(<mu>)over bar>) less than or equal to 1.53. We point out that these ra
nges will be considerably reduced when the lower bounds on the neutral Higg
s mass and tan B improve. Some contour plots illustrate the dependences of
the quantities above on the relevant supersymmetric parameters. As a byprod
uct of this work we update our previous analysis of epsilon'/epsilon in the
SM and find in NDR epsilon'/epsilon = (9.2(-4.0)(+6.8)) x 10(-4), a value
15% higher than in our 1999 analysis. (C) 2001 Elsevier Science B.V. All ri
ghts reserved.