EXHIBIT 21
Subsidiaries of Xerox Corporation
A. Xerox Corporation
The following companies are subsidiaries of Xerox Corporation as of February
1, 1997. 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 94
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
OakRe Life Insurance Company Missouri 100
Xerox Credit Corporation Delaware 100
XCC Investment Corporation Delaware 100
Talegen Holdings, Inc. (See Part B) Delaware 100
Ridge Reinsurance Limited Bermuda 100
The Resolution Group, Inc. (See Part C) 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
Fuji Xerox Co., Ltd. Japan 50
Rank Xerox (U.K.) Limited United Kingdom 100
Rank Xerox (Ireland) Limited United Kingdom 100
Bessemer Trust Limited United Kingdom 100
Rank Xerox Espanola S.A. Spain 100
Rank Xerox de
Financiacion S.A.U., E.F.C. Spain 100
Rank Xerox Finance (Nederland) BV Netherlands 100
Rank Xerox Leasing International
Finance 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 - 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 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.
The following entities are directly or indirectly owned by Talegen Holdings,
Inc. in the percentages indicated:
Name of Subsidiary Incorporated In Ownership %
Coregis Group, Inc. Delaware 100
Coregis Insurance Company Indiana 100
Coregis Indemnity Company Illinois 100
California Insurance Company California 100
Coregis Managers Corporation (IL) Illinois 100
Crum & Forster Holdings, Inc. Delaware 100
United States Fire Insurance Company New York 100
Southbend Properties, Inc. Texas 100
The North River Insurance Company New Jersey 100
Crum and Forster Insurance Company New Jersey 100
Crum & Forster Underwriters Co. of Ohio Ohio 100
Crum & Forster Indemnity Company New York 100
Crum & Forster Custom Securities, Inc. California 100
Industrial Indemnity Holdings, Inc. Delaware 100
Industrial Indemnity Company California 100
Industrial Indemnity Kihei
Bay Surf Corporation California 100
Claremont Holdings Limited Bermuda 9.2
Claremont Insurance Limited Bermuda 100
Industrial Indemnity Company of Alaska Alaska 100
Industrial Indemnity Company of Idaho Idaho 100 (1)
Industrial Indemnity Company
of the Northwest Washington 100
Industrial Insurance Company California 100
Employers First Insurance Company California 100
255 California Corporation California 100
Industrial Indemnity Insurance
Services, Inc. California 100
American All Risk Group California 40
Westchester Specialty Group, Inc. Delaware 100
Westchester Fire Insurance Company New York 100
Westchester Surplus Lines Insurance
Company Georgia 100
Industrial Underwriters Insurance
Company Texas 100
Westchester Specialty Insurance
Services, Inc. Nevada 100
Industrial Excess & Surplus Insurance
Brokers California 100
Talegen Properties, Inc. Delaware 100
Infocus Employee Services, Inc. Delaware 92.5
Filoli Information Systems Company Delaware 78 (2)
Apprise Corp. New Jersey 100
Crum & Forster of Canada Ltd. Canada 100
(1) Includes qualifying shares held by directors.
(2) Preferred stock investment. Percentage represents approximate percentage
owned on fully-diluted basis.
C. The Resolution Group, Inc.
The following entities are directly or indirectly owned by The Resolution
Group, Inc. in the percentages indicated:
Name of Subsidiary Incorporated In Ownership %
International Insurance Company Illinois 100
Resolution Credit Services Corp. California 100
Resolution Reinsurance Services Corporation Delaware 100
Envision Claims Management Corporation New Jersey 100