ALEXANDER & BALDWIN, INC.
             Subsidiaries as of February 28, 2001

                                              State or Other
                                            Jurisdiction Under
Name of Subsidiary                            Which Organized
- ------------------                          ------------------

A & B Development Company (California)          California
A & B Properties, Inc.                          Hawaii
ABHI-Crockett, Inc.                             Hawaii
McBryde Sugar Company, Limited                  Hawaii
   Subsidiary:
        Kauai Coffee Company, Inc.              Hawaii
East Maui Irrigation Company, Limited           Hawaii
Hawaiian DuraGreen, Inc.                        Hawaii
Kahului Trucking & Storage, Inc.                Hawaii
Kauai Commercial Company, Incorporated          Hawaii
Kukui'Ula Development Company, Inc.             Hawaii
   Subsidiary:
        South Shore Community Services LLC      Hawaii
Matson Navigation Company, Inc.                 Hawaii
   Subsidiaries:
        Matson Intermodal System, Inc.          Hawaii
        Matson Logistics Solutions, Inc.        Hawaii
        Matson Services Company, Inc.           Hawaii
        Matson Terminals, Inc.                  Hawaii
WDCI, INC.                                      Hawaii


NOTE:   Certain A&B subsidiaries, which considered in the aggregate do not
        constitute a significant subsidiary, have been omitted.