EXHIBIT 21


		       SUBSIDIARIES OF FPL GROUP, INC.





										 State or Jurisdiction
			 Subsidiary                                                of Incorporation   
- -------------------------------------------------------                          ---------------------
                                                                                 
1.  Florida Power & Light Company (100%-Owned) ...............................      Florida

2.  Bay Loan and Investment Bank (a) .........................................      Rhode Island
									    
3.  Palms Insurance Company, Limited (a) .....................................      Cayman Islands
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(a)  100%-owned subsidiary of FPL Group Capital Inc