EXHIBIT 21 AVON PRODUCTS, INC. AND SUBSIDIARIES Subsidiaries of the Registrant 	Avon Products, Inc. ("Avon"), a New York corporation, consolidates all majority owned subsidiaries. The principal consolidated subsidiaries, all of which are wholly owned by Avon or its wholly owned subsidiaries, except as indicated, are listed below. Included on the list below are subsidiaries which individually are not significant subsidiaries but primarily represent subsidiaries in countries in which the Company has direct selling operations. The names of Avon's other consolidated subsidiaries, which are primarily wholly owned by Avon or its wholly owned subsidiaries, are not listed because all such subsidiaries, considered in the aggregate as a single subsidiary, would not constitute a significant subsidiary. Incorporation Company Country or State - ------- ---------------- Cosmetics Avon S.A.C.I. Argentina Avon Cosmetics Pty. Limited Australia Avon Products Pty. Limited Australia Avon Cosmetics Vertriebsgesellschaft m.b.h Austria Arlington Limited Bermuda Avon International (Bermuda) Ltd. Bermuda Stratford Insurance Company, Ltd. Bermuda Avon Holdings Ltd. Bermuda Productos Avon Bolivia Ltda. Bolivia Avon Cosmeticos, Ltda. Brazil Avon Industrial Ltda. Brazil Nucleo de Atualiza cao Techologia Avon Ltda. (Nata) Brazil Tortola Interlagos Investments Inc. British VI Avon Cosmetics Bulgaria Eood Bulgaria Avon Canada, Inc. Canada Avon Fashions, Inc. - Avon Mode Inc. Canada Cosmeticos Avon S.A. Chile Avon Products (China) Co. Ltd. (73.845%), China Avon Manufacturing (Guangzhou) Ltd. (73.845%) China Avon Kosmetika d.o.o. Croatia Avon Cosmetics, Spolecnosti S. Rucenlm Omezenym Czech Republic Avon Capital Corporation Delaware Avon International Operations, Inc. Delaware Avon-Lomalinda, Inc. Delaware Avon (Windsor) Limited Delaware Manila Manufacturing Company Delaware Surrey Leasing, Limited Delaware Productos Avon S.A. Dominican Republic Productos Avon Ecuador S.A. Ecuador Productos Avon, S.A. El Salvador Avon S.A. France Avon Cosmetics GmbH Germany Productos Avon de Guatemala, S.A. Guatemala Productos Avon, S.A. Honduras Avon Cosmetics (FEBO) Limited Hong Kong Avon Cosmetics Hungary KFT Hungary Avon Service Center, Inc. Illinois Avon Beauty Productos India Private Limited India P.T. Avon Indonesia (92%) Indonesia Albee Dublin Finance Company Ireland Avon Limited Ireland Avon Cosmetics S.p.A. Italy Avon Products Company Limited (68%) Japan Live and Life Company Limited (68%) Japan Avon Cosmetics SIA Latvia UAB Avon Cosmetics Lithuania Avon Cosmetics (Malaysia) Sendirian Berhad (70%) Malaysia Beautifont (Malaysia) Sendirian Berhad Malaysia Maximen Corporation Sdn Bhd (70%) Malaysia Avon Cosmetics, S.A. de C.V. Mexico Avonova, S. A. de C.V. Mexico M.I. Holdings, Inc. Missouri Avon Americas, Ltd. New York Avon Overseas Capital Corporation New York Avon Cosmetics Limited New Zealand Productos Avon de Nicaragua, S.A. Nicaragua Avon Cosmetics A/S Norway Productos Avon S.A. Panama Productos Avon S.A Peru Cosmeticos Aliados S.A. Peru Avon Cosmetics, Inc. Philippines Avon Products Mfg., Inc. Philippines Beautifont Products, Inc. Philippines Avon Cosmetics (Philippines), Inc. Philippines Avon Cosmetics Polska Sp. z.o.o. Poland Avon Operations Polska Sp. z.o.o. Poland Avon Cosmeticos, Lda. Portugal Avon Cosmetics Spal s.r.o. Slovak Republic Avon Kosmetika D.O.O. Slovenia Avon Cosmetics (Romania) SRL Romania Avon Beauty Products Co. (ABPC) Russia Russia Justine/Avon PTY. Ltd. South Africa Avon Cosmetics, S.A. Spain Avon Cosmetics (Taiwan) Ltd. Taiwan Avon Products Limited Taiwan Avon Cosmetics (Thailand) Ltd. Thailand California Manufacturing Company Ltd. Thailand Exzacibasi Avon Kosmetik Urunleri Turkey Sanayi ve Ticaret A.S. (50%) (Joint Venture) Avon Cosmetics (Ukraine) Ukraine Avon Cosmetics Export Limited United Kingdom Avon Cosmetics Limited United Kingdom Avon European Holdings Ltd. United Kingdom Avon Fashions (UK) Limited United Kingdom Avon S.U. Export Limited United Kingdom Avon Cosmetics Ireland Limited United Kingdom Cosmeticos Avon De Uruguay S.A. Uruguay Avon Cosmetics de Venezuela, C.A. Venezuela Albee Holdings C.A. Venezuela