EXHIBIT 21 Subsidiaries of Xerox Corporation The following companies are subsidiaries of Xerox Corporation as of February 10, 2000. The names of a number of other subsidiaries have been omitted as they would not, if considered in the aggregate as a single subsidiary, constitute a significant subsidiary: Name of Subsidiary Incorporated In Intelligent Electronics, Inc. Pennsylvania Intellinet, Ltd. Pennsylvania Xerox Connect, Inc. Pennsylvania Xerox de Venezuela, C.A. Venezuela Xerox Argentina, I.C.S.A. Argentina Xerox Canada Capital Ltd. Ontario Xerox Canada Inc. Ontario Xerox Canada Finance Inc. Ontario Xerox Canada Ltd. Canada Xerox de Chile S.A. Chile Xerox (China) Limited China Xerox Financial Services, Inc. Delaware OakRe Life Insurance Company Missouri Ridge Reinsurance Limited Bermuda Talegen Holdings, Inc. Delaware Xerox Credit Corporation Delaware Xerox Investments India Private Limited India Xerox Investments (Europe) BV Netherlands Xerox Holdings (Ireland) Limited Ireland Xerox (Europe) Limited Ireland Xerox XF Holdings (Ireland) Limited Ireland Xerox Finance (Ireland) Limited Ireland Xerox Capital (Europe) plc United Kingdom Xerox Holding (Nederland) B.V. Netherlands Xerox Limited Hong Kong Xerox Manufacturing (Nederland) B.V. Netherlands Xerox XHB Limited Bermuda Xerox XIB Limited Bermuda Xerox Limited United Kingdom Fuji Xerox Co., Ltd. * Japan NV Xerox Credit S.A. Belgium NV Xerox Management Services S.A. Belgium N.V. Xerox S.A. Belgium Xerox AB Sweden Xerox AG Switzerland Xerox A/S Denmark Xerox AS Norway Xerox Austria GmbH Austria Xerox Leasing GmbH Austria Xerox Espana-The Document Company, S.A.U. Spain Xerox Exports Limited United Kingdom Xerox Fabricacion S.A.U. Spain Xerox Finance AG Switzerland Xerox Finance (Nederland) BV Netherlands Xerox de Financiacion S.A.U., E.F.C. Spain Xerox GmbH Germany Xerox Leasing Deutschland GmbH Germany Xerox Hellas AEE Greece Xerox (Hong Kong) Limited Hong Kong Name of Subsidiary Incorporated In Xerox Modicorp Ltd. India Xerox (Nederland) BV Netherlands Xerox Oy Finland Xerox Pensions Limited United Kingdom Xerox S.p.A. Italy Xerox - THE DOCUMENT COMPANY S.A. France Xerox (UK) Limited United Kingdom Bessemer Trust Limited United Kingdom Xerox Finance Limited United Kingdom Xerox do Brasil Ltda. Brazil Xerox Real Estate Services, Inc. New York Xerox Servicios Tecnicos, C.A. Venezuela =============================================================================== = * Indicates only 50% is owned, directly or indirectly, by Xerox Corporation.