The MGM logo is slammed open (with Leo the Lion in mid-roar) by the animated Inspector Clouseau, who takes a look around and then walks off. The Pink Panther appears and closes the logo, leaving Leo unconscious.
The opening credits reflect the functions of the credited persons, for instance, Pink Panther as the orchestra director (at the music credits), standing before a photo camera (director of photography), etc.
The opening credits feature the Pink Panther being pursued by, and in turn harassing, an animated Inspector Clouseau (who now resembles Steve Martin). The credits are directed by Bob Kurtz, who had worked on some of the "Pink Panther" shorts.