EXHIBIT 21
Subsidiaries of Xerox Corporation
A. Xerox Corporation
The following companies are subsidiaries of Xerox Corporation as of February
1, 1996. 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 Ownership %
Xerox Canada Inc. Ontario, Canada 90
Xerox Canada Finance Inc. Ontario, Canada 100
Xerox Canada Ltd. Ontario, Canada 65
Lyell Holdings Limited Delaware 100
Xerox Business Equipment Limited United Kingdom 100
Xerox Research (UK) Limited United Kingdom 100
Xerox Business Equipment, Inc. Delaware 100
Xerox Financial Services, Inc. Delaware 100
International Insurance Company Illinois 100
OakRe Life Insurance Company Missouri 100
Xerox Credit Corporation Delaware 100
XCC Investment Corporation Delaware 100
Talegen Holdings, Inc. Delaware 100
Xerox Life Management Company Delaware 100
Ridge Reinsurance Limited Bermuda 100
The Resolution Group, Inc. Delaware 100
Xerox Foreign Sales Corporation Barbados 100
Xerox Realty Corporation Delaware 100
Xerox do Brasil, Ltda. Brazil 100
Xerox Mexicana, S.A. de C.V. Mexico 100
Rank Xerox Investments Limited Bermuda 66.7
Rank Xerox Limited United Kingdom 51.2
Bessemer Trust Limited United Kingdom 100
Fuji Xerox Co., Ltd. Japan 50
Modi Xerox Limited India 35.9
Rank Xerox (U.K.) Limited United Kingdom 100
Rank Xerox (Ireland) Limited United Kingdom 100
Rank Xerox Espanola S.A. Spain 100
Rank Xerox de Financiacion S.A. Spain 100
Rank Xerox Finance (Nederland) BV Netherlands 100
Rank Xerox Greece S.A. Greece 100
NV Rank Xerox Credit S.A. Belgium 100
Rank Xerox Finance AG Switzerland 100
Rank Xerox Finance Limited United Kingdom 100
Rank Xerox Leasing GmbH Germany 100
Rank Xerox Leasing International
Finance BV Netherlands 100
Rank Xerox - The Document Company S.A. France 100
Burofinance S.A. France 66
Rank Xerox Exports Limited United Kingdom 100
N.V. Rank Xerox S.A. Belgium 100
Rank Xerox Austria GmbH Austria 100
Rank Xerox A/S Denmark 100
Rank Xerox Finans A/S Denmark 100
Rank Xerox Oy Finland 100
Name of Subsidiary Incorporated In Ownership %
Rank Xerox GmbH Germany 100
Rank Xerox S.p.A. Italy 100
Rank Xerox AG Switzerland 100
Rank Xerox AS Norway 100
Rank Xerox Management Services S.A. Belgium 100
Rank Xerox Pensions Limited United Kingdom 100
Rank Xerox A.B. Sweden 100
Rank Xerox (Nederland) B.V. Netherlands 100
Rank Xerox Holding B.V. Netherlands 51.2
Rank Xerox Manufacturing
(Nederland) B.V. Netherlands 100
R-X Holdings Limited Bermuda 66.7
Xerox Limited Bermuda 100
B. Talegen Holdings, Inc.
Insurance Holding Company System Organizational Chart
All controlled persons and controlled insurers of Talegen Holdings, Inc., a
Delaware corporation ("Talegen"), (under applicable state insurance laws), are
set forth in the following table, together with the jurisdiction of domicile
of each and the percentage of voting securities owned as of January 1, 1996.
Unless otherwise indicated, all of the persons included in the table are
corporations, the voting securities of which are directly owned by Talegen.
All of the outstanding capital stock of Talegen is owned by Xerox Financial
Services, Inc., a Delaware corporation ("XFSI"), which is a wholly-owned
subsidiary of Xerox Corporation. XFSI also owns, effective as of December 31,
1995, all of the outstanding capital stock of The Resolution Group, Inc., a
Delaware corporation which was formerly a wholly-owned subsidiary of Talegen.
Name of Subsidiary Incorporated In Ownership %
Coregis Group, Inc. Delaware 100
Coregis Insurance Company Indiana 100 (1)
Coregis Indemnity Company Illinois 100 (1)
California Insurance Company California 100 (1)
Coregis Managers Corporation (IL) Illinois 100 (1)
Crum & Forster Holdings, Inc. Delaware 100
United States Fire Insurance Company New York 100 (1)
Southbend Properties, Inc. Texas 100 (1)
The North River Insurance Company New Jersey 100 (1)
Crum and Forster Insurance Company New Jersey 100 (1)
Crum & Forster Underwriters Co. of Ohio Ohio 100 (1)
Crum & Forster Indemnity Company New York 100
Crum & Forster Custom Securities, Inc. California 100 (1)
Industrial Indemnity Holdings, Inc. Delaware 100
Industrial Indemnity Company California 100 (1)
Claremont Holdings Limited Bermuda 9.2
Claremont Insurance Limited Bermuda 100
Industrial/Las Flores, Inc. (5) California 100 (1)
Industrial/Canyon Creek, Inc. (5) California 100 (1)
Industrial/Shadowridge, Inc. (5) California 100 (1)
Industrial/Mountainback, Inc. (5) California 100 (1)
Industrial/Channing, Inc. (5) California 100 (1)
Industrial Indemnity Company of Alaska Alaska 100 (1)
Industrial Indemnity Company of Idaho Idaho 100 (1)(2)
Industrial Indemnity Company
of the Northwest Washington 100 (1)
Industrial Insurance Company California 100 (1)
Employers First Insurance Company California 100 (1)
255 California Corporation California 100 (1)
Industrial Indemnity Insurance
Services, Inc. California 100 (1)
American All Risk Loss Administrators California 40 (1)
Westchester Specialty Group, Inc. Delaware 100
Westchester Fire Insurance Company New York 100 (1)
Westchester Surplus Lines Insurance
Company Georgia 100 (1)
Industrial Underwriters Insurance
Company Texas 100 (1)
Westchester Specialty Insurance
Services, Inc. Nevada 100 (1)
Name of Subsidiary Incorporated In Ownership %
Industrial Excess & Surplus Insurance
Brokers California 100 (1)
Talegen Properties, Inc. Delaware 100
Infocus Employee Services, Inc. Delaware 92.5
Filoli Information Systems Company Delaware 40
Apprise Corp. New Jersey 100
Crum & Forster of Canada Ltd. Canada 100
First Quadrant Corp. New Jersey 100
First Quadrant Limited United Kingdom 100 (1)(4)
Herald Insurance Company Canada 100 (3)
(1) Directly or indirectly owned by a subsidiary of Talegen.
(2) Includes qualifying shares held by directors.
(3) Includes less than 1/5 of 1% shares beneficially owned by directors.
(4) Includes one share held by Talegen in trust and as nominee for
First Quadrant Corp.
(5) Subject to the receipt of a tax clearance from the California Franchise
Tax Board, the effective date of the dissolution of this corporation will
be December 18, 1995.