EXHIBIT 21.0
                                                                   (Page 1 of 2)

                          SUBSIDIARIES OF MATTEL, INC.
                          ----------------------------
                                                                Percentage of
                                                                   Voting
                                                                 Securities
                                             Jurisdiction      Owned Directly
                                               in Which         or Indirectly
             Subsidiaries(1)                  Organized          By Parent(2)
- ----------------------------------------  ------------------  -----------------
                                                        
Arco Toys, Limited                        Hong Kong                       100%
ARCOTOYS, Inc.                            Delaware                        100%
Aurimat, S.A. de C.V.                     Mexico                          100%
 Mattel de Mexico, S.A. de C.V.           Mexico                          100%
Far West Insurance Company, Limited       Bermuda                         100%
Fisher-Price, Inc.                        Delaware                        100%
Fisher-Price Beteiligungs-G.m.b.H.        Germany                         100%
 Mattel G.m.b.H.                          Germany                         100%
  Mattel Toys K.F.T.                      Hungary                         100%
  Mattel Spol. S.R.O.                     Czech Republic                  100%
Mabamex, S.A. de C.V.                     Mexico                          100%
Mattel Argentina S.A.                     Argentina                       100%
Mattel Chile S.A.                         Chile                           100%
Mattel Colombia S.A.                      Colombia                        100%
Mattel East Asia Limited                  Hong Kong                       100%
Mattel Espana, S.A.                       Spain                           100%
Mattel Europa B.V.                        The Netherlands                 100%
 Mattel B.V.                              The Netherlands                 100%
 P.T. Mattel Indonesia                    Indonesia                       100%
Mattel France S.A.                        France                          100%
 Corolle S.A.                             France                          100%
  Mattel Portugal Limitada                Portugal                        100%
Mattel Gesellschaft m.b.H.                Austria                         100%
Mattel (HK) Limited                       Hong Kong                       100%
Mattel Holding, Inc.                      Delaware                        100%
 Mattel U.K. Limited                      U.K.                            100%
  Fisher-Price Toys Ltd.                  U.K.                            100%
  Mattel Group PLC                        U.K.                            100%
   J.W. Spear & Sons PLC                  U.K.                            100%



<FN>
1
  All of the subsidiaries listed above are included in the Consolidated
Financial Statements.  Twenty are not named because, when considered in the
aggregate, they do not constitute a significant subsidiary.  Furthermore,
approximately seven subsidiaries are inactive and financial statements are
not prepared for such companies.

2
  Parent refers to Mattel, Inc. (a Delaware corporation) and excludes
Directors' qualifying shares.



                                                                    EXHIBIT 21.0
                                                                   (Page 2 of 2)

                          SUBSIDIARIES OF MATTEL, INC.
                          ----------------------------
                                                                Percentage of
                                                                   Voting
                                                                 Securities
                                             Jurisdiction      Owned Directly
                                               in Which         or Indirectly
             Subsidiaries(1)                  Organized          By Parent(2)
- ----------------------------------------  ------------------  -----------------
                                                        
Mattel Holdings Limited                   Canada                          100%
 Mattel Canada Inc.                       Canada                          100%
Mattel I., Inc.                           Delaware                        100%
 Mattel Toys, S.r.l.                      Italy                           100%
  Fisher-Price, S.r.l.                    Italy                           100%
  Mattel A.E.B.E.                         Greece                          100%
  Mattel A.G.                             Switzerland                     100%
  Mattel Manufacturing Europe, S.r.l.     Italy                           100%
Mattel Japan Limited                      Japan                           100%
Mattel (K.L.) Sdn.Bhd.                    Malaysia                        100%
Mattel (Malaysia) Sdn.Bhd.                Malaysia                        100%
Mattel Media, Inc.                        Delaware                        100%
Mattel (NZ) Limited                       New Zealand                     100%
Mattel Operations, Inc.                   Delaware                        100%
Mattel Overseas, Inc.                     California                      100%
 Mattel Toys Vendor Operations Limited    Hong Kong                       100%
Mattel Polska Sp. Z.O.O.                  Poland                          100%
Mattel Pty. Limited                       Australia                       100%
Mattel Realty Corporation                 Delaware                        100%
Mattel Servicios, S.A. de C.V.            Mexico                          100%
Mattel Sales Corp.                        California                      100%
Mattel Scandinavia A/S                    Denmark                         100%
Mattel Southeast Asia Pte. Ltd.           Singapore                       100%
Mattel Specialty, Inc.                    Delaware                        100%
Mattel Tools Sdn.Bhd.                     Malaysia                        100%
Mattel Taiwan Corporation                 Taiwan                          100%
Mattel de Venezuela, C.A.                 Venezuela                       100%
Montoi S.A. de C.V.                       Mexico                          100%
Precision Moulds Limited                  Hong Kong                       100%



<FN>
1
  All of the subsidiaries listed above are included in the Consolidated
Financial Statements.  Twenty are not named because, when considered in the
aggregate, they do not constitute a significant subsidiary.  Furthermore,
approximately seven subsidiaries are inactive and financial statements are
not prepared for such companies.

2
  Parent refers to Mattel, Inc. (a Delaware corporation) and excludes
Directors' qualifying shares.