EXHIBIT 21 LIST OF SUBSIDIARIES OF TRANSAMERICA CORPORATION All majority owned subsidiaries are included in the consolidated financial statements of the Corporation (all voting securities owned 100% directly or indirectly by the Corporation). Jurisdiction of Organization of Named Subsidiary _______________ ARC Reinsurance Corporation Hawaii Pyramid Insurance Company, Ltd. Hawaii Pacific Cable Ltd. Bermuda TC Cable, Inc. Delaware River Thames Insurance Company Ltd. United Kingdom RTI Holdings, Inc. Delaware Transamerica Airlines, Inc. Delaware Transamerica Asset Management Group, Inc. Delaware Criterion Investment Management Company Texas Transamerica CBO I, Inc. Delaware Transamerica Delaware, L.P. Delaware Transamerica Finance Group, Inc. Delaware BWAC Twelve, Inc. Delaware Transamerica Insurance Finance Corporation Maryland Transamerica Insurance Finance Company (Europe) Maryland Transamerica Insurance Finance Corporation, California California Transamerica Insurance Finance Corporation, Canada Canada Transamerica Finance Corporation Delaware TA Leasing Holding Co., Inc. Delaware Trans Ocean Ltd. Delaware Trans Ocean Container Corp. Delaware Cool Solutions, Inc. Delaware TOD Liquidating Corp. California TOL S.R.L. Italy Trans Ocean Leasing Deutschland GMBH Germany Trans Ocean Leasing PTY Limited Australia Trans Ocean Management Corporation Switzerland Trans Ocean Regional Corporate Holdings California -1- Jurisdiction of Organization of Named Subsidiary _______________ Trans Ocean SARL France Trans Ocean Tank Services Corporation Delaware Trans Ocean Container Finance Corporation Delaware Transamerica Leasing Inc. Delaware Better Asset Management Company LLC Delaware Greybox L.L.C. Delaware Transamerica Leasing Holdings Inc. Delaware Greybox Services Limited United Kingdom Intermodal Equipment, Inc. Delaware Transamerica Leasing N.V. Belgium Transamerica Leasing SRL Italy Transamerica Distribution Services Inc. Delaware Transamerica Leasing Coordination Center Belgium Transamerica Leasing do Brasil Ltda. Brazil Transamerica Leasing GmbH W. Germany Transamerica Leasing Limited United Kingdom ICS Terminals (UK) Limited United Kingdom Transamerica Leasing Pty. Ltd. Australia Transamerica Leasing (Canada) Inc. Canada Transamerica Leasing (HK) Ltd. Hong Kong Transamerica Leasing (Proprietary) Limited South Africa Transamerica Tank Container Leasing Pty. Limited Australia Transamerica Trailer Holdings I Inc. Delaware Transamerica Trailer Holdings II Inc. Delaware Transamerica Trailer Holdings III Inc. Delaware Transamerica Trailer Leasing AB Sweden Transamerica Trailer Leasing A/S Denmark Transamerica Trailer Leasing GmbH Germany Transamerica Trailer Leasing S.A. France Transamerica Trailer Leasing S.p.A. Italy Transamerica Trailer Leasing (Belgium) N.V. Belgium Transamerica Trailer Leasing (Netherlands) B.V. Netherlands Transamerica Trailer Spain S.A. Spain Transamerica Transport Inc. New Jersey TELCO Holding Co., Inc. Delaware Transamerica Commercial Finance Corporation, I Delaware BWAC Credit Corporation Delaware BWAC International Corporation Delaware -2- Jurisdiction of Organization of Named Subsidiary _______________ Transamerica Business Credit Corporation Delaware The Plain Company Delaware Transamerica Global Distribution Finance Corporation Delaware Transamerica Inventory Finance Corporation Delaware BWAC Seventeen, Inc. Delaware Transamerica Commercial Finance Canada, Limited Canada Transamerica Commercial Finance Corporation, Canada Canada TCF Commercial Leasing Corporation, Canada Canada BWAC Twenty-One, Inc. Delaware Transamerica Commercial Holdings Limited United Kingdom Transamerica Commercial Finance Limited United Kingdom Transamerica Trailer Leasing Limited United Kingdom Transamerica Commercial Finance Corporation Delaware TCF Asset Management Corporation Colorado Transamerica Joint Ventures, Inc. Delaware Transamerica Commercial Finance France S.A. France Transamerica GmbH Inc. Delaware Transamerica Financieringsmattschappij B.V. Netherlands Transamerica GmbH - Germany Germany Transamerica Finance Loan Company Delaware Transamerica Financial Services Holding Company Delaware Arcadia General Insurance Company Arizona Arcadia National Life Insurance Company Arizona First Credit Corporation Delaware Pacific Agency, Inc. Indiana Pacific Agency, Inc. Nevada Pacific Finance Loans California Pacific Service Escrow Inc. Delaware Transamerica Acceptance Corporation Delaware Transamerica Financial Services Limited, U.K. United Kingdom Transamerica Credit Corporation Nevada Transamerica Credit Corporation (Washington) Washington Transamerica Financial Consumer Discount Company (Pennsylvania) Pennsylvania -3- Jurisdiction of Organization of Named Subsidiary _______________ Transamerica Financial Corporation Nevada Transamerica Financial Services Mortgage Company Delaware Transamerica Financial Professional Services, Inc. California Transamerica Financial Services California NAB Services, Inc. California Transamerica Financial Services Company Ohio Transamerica Financial Services Inc. Hawaii Transamerica Financial Services Inc. Minnesota Transamerica Financial Services of Dover, Inc. Delaware Transamerica Financial Services, Inc. Alabama Transamerica Financial Services, Inc. British Columbia Transamerica Financial Services, Inc. New Jersey Transamerica Financial Services, Inc. Texas Transamerica Financial Services, Inc. West Virginia Transamerica Insurance Administrators, Inc. Delaware Transamerica Mortgage Company Delaware Transamerica Financial Services Finance Co. Delaware Transamerica HomeFirst, Inc. California Transamerica Foundation California Transamerica Information Management Services, Inc. Delaware Transamerica Insurance Corporation of California California Arbor Life Insurance Company Arizona Plaza Insurance Sales, Inc. California Transamerica Advisors, Inc. California Transamerica Annuity Service Corporation New Mexico Transamerica Financial Resources, Inc. Delaware Financial Resources Insurance Agency of Texas Texas TBK Insurance Agency of Ohio, Inc. Ohio Transamerica Financial Resources Insurance Agency of Alabama Inc. Alabama Transamerica Financial Resources Insurance Agency of Massachusetts Inc. Massachusetts Transamerica International Insurance Services, Inc. Delaware Home Loans and Finance Ltd. United Kingdom Transamerica Occidental Life Insurance Company California Bulkrich Trading Limited Hong Kong First Transamerica Life Insurance Company New York NEF Investment Company California Transamerica Life Insurance and Annuity Company North Carolina Transamerica Assurance Company Colorado Transamerica Life Insurance Company of Canada Canada Transamerica Variable Insurance Fund, Inc. Maryland USA Administration Services, Inc. Kansas -4- Jurisdiction of Organization of Named Subsidiary _______________ Transamerica Products, Inc. California Transamerica Leasing Ventures, Inc. California Transamerica Products II, Inc. California Transamerica Products IV, Inc. California Transamerica Products I, Inc. California Transamerica Securities Sales Corporation Maryland Transamerica Service Company Delaware Transamerica International Holdings, Inc. Delaware Transamerica Investment Services, Inc. Delaware Transamerica LP Holdings Corp. Delaware Transamerica Properties, Inc. Delaware Transamerica Retirement Management Corporation Delaware Transamerica Realty Services, Inc. Delaware Bankers Mortgage Company of California California Pyramid Investment Corporation Delaware The Gilwell Company California Transamerica Affordable Housing, Inc. California Transamerica Minerals Company California Transamerica Oakmont Corporation California Ventana Inn, Inc. California Transamerica Telecommunications Corporation Delaware -5-