SUBSIDIARY ORGANIZATION CHART 12/31/1999
- -----------------------------
State of State of Number of Parent's
Type of Incorp. or Principal Federal Shares Percent of
Subsidiary Domicile Operation Tax ID # Owned Ownership
---------- ---------- --------- --------- --------- ----------
-------------------------------------
AXA Financial, Inc. (Note 1) DE NY 13-3623351
- ---------------------------------------------------------------------------------------
Donaldson, Lufkin &
Jenrette, Inc. (Note 2) DE NY 13-1898818 48,641,793 38.27%
----------------------------------------------------------------------------------
AXA Client Solutions, LLC DE NY 52-2197822 100.00%
----------------------------------------------------------------------------------
AXA Distribution
Holding Corporation DE NY 13-4078005 - 100.00%
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AXA Advisors, LLC
(Note 6) DE NY 13-4071393 - 100.00%
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The Equitable Life
Assurance Society
of the United States
(Note 3) Insurance NY NY 13-5570651 2,000,000 100.00%
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The Equitable of
Colorado, Inc. Insurance CO CO 13-3198083 1,000,000 100.00%
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Frontier Trust
Company Operating ND ND 45-0373941 1,000 100.00%
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Equitable Deal
Flow Fund, L.P. Investment DE NY 13-3385076 - -
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Equitable
Managed
Assets, L.P. Investment DE NY 13-3385080 - -
------------------------------------------------------------------------
Real Estate
Partnership
Equities
(various) Investment ** - - -
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Equitable Holdings,
LLC (Notes 2, 4, 5 & 7) HCO NY NY - - 100.00%
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See Attached
Listing A
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EREIM LP Associates
(L.P.) Operating NY NY - - -
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EML Associates,
L.P. Investment NY NY 58-1739531 - -
------------------------------------------------------------------------
ACMC, Inc. (Note 5) HCO DE NY 13-2677213 5,000,000 100.00%
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Wil-Gro, Inc Investment PA PA 23-2702404 1,000 100.00%
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Equitable
Underwriting
& Sales Agency
(Bahamas) Ltd. Operating Bahamas Bahamas - 5,000 100.00%
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STCS, Inc. Investment DE NY 13-3761592 1,000 100.00%
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Fox Run, Inc. Investment MA NY 23-2762596 1,000 100.00%
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FTM Corp. Investment MD MD 13-3778225 1,000 100.00%
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EVSA, Inc. Investment DE PA 23-2671508 50 100.00%
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Equitable BJVS, Inc. Investment CA CA 33-0540198 1,000 100.00%
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Equitable Rowes
Wharf, Inc. Investment MA MA 04-3272826 1,000 100.00%
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GP/EQ Southwest, Inc. Investment TX TX 75-2624983 100 100.00%
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Franconom, Inc. Investment PA PA 23-2352488 50 100.00%
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EVLICO East Ridge, Inc. Investment CA GA 58-2206831 100 100.00%
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Equitable Structured
Settlement Corp. Operating DE NJ 22-3492811 100 100.00%
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ELAS Realty, Inc. Investment DE GA 58-2271596 1,000 100.00%
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Prime Property
Funding II, Inc. Operating DE NY 13-3961599 100.00%
---------------------------------------------------------------------------
ECLL, Inc. Investment MI GA 58-2377569 100.00%
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<FN>
See Notes on Page 2.
NOTES: 1. The name was changed from The Equitable Companies Incorporated
----- on Sept. 3, 1999.
2. In addition, Equitable Holdings, LLC owns 39,961,540 shares
(31.44%). In the aggregate, AXF owns 88,603,333 shares (69.70%)
of Donaldson, Lufkin & Jenrette, Inc. as of 12/31/99.
3. AXA Financial, Inc. transferred ownership of Equitable Life to
AXA Client Solutions, LLC effective Sept. 20, 1999.
4. Equitable Holding Corp. was merged into Equitable Holdings, LLC
on Dec. 19, 1997.
5. Following the completion of an exchange offer and a reorgani-
zation on October 29, 1999, Equitable Life and its
subsidiaries own 55.32% of the limited partnership units
of Alliance Capital Management L.P. (new), which has
ceased to be publicly traded. Equitable Life directly
owns 4,432,576 units (2.58%); ACMC, Inc. owns 66,220,822
units ( 38.53%), and Equitable Capital Management, LLC
owns 24,415,727 units (14.21%). Alliance Capital
Management Corp. owns a 1% general partnership interest in
Alliance Capital Management L.P. (new).
In addition, Equitable Capital Management, LLC and
ACMC, Inc. each own 722,178 units (1% each),
respectively, and Alliance Capital Management Corp. owns
100,000 general partnership interest units (0.14%), in the
publicly traded units of Alliance Capital Management
Holding L.P. (as of 12/31/99)
6. EQ Financial Consultants (formerly, Equico Securities, Inc.) was
merged into AXA Advisors, LLC on Sept. 20, 1999. AXA
Advisors, LLC was transferred from Equitable Holdings, LLC
to AXA Distribution Holding Corporation on Sept. 21, 1999.
7. Equitable Investment Corporation was merged into Equitable
Holding LLC in December 1999.
8. Equitable Capital Management Corp. became Equitable Capital
Management, LLC on November 30, 1999.
9. EVLICO, Inc. was merged into the Equitable Life Assurance
Society of the United States in 1999.
</FN>
LISTING A:
12/31/99
EQUITABLE HOLDINGS, LLC
----------------------- State of State of Number Parent's
Type of Incorp. or Principal Federal of Shares Percent of
Subsidiary Domicile Operation Tax ID # Owned Ownership
---------- -------- --------- --------- --------- ----------
AXA Financial, Inc.
- ---------------------------------------------------
AXA Client Solutions, LLC
----------------------------------------------
The Equitable Life Assurance
Society of the United States
------------------------------------------
Equitable Holdings, LLC
---------------------------------------
Donaldson, Lufkin &
Jenrette, Inc. (Note 1) Operating DE NY 13-1898818 39,961,540 31.44%
-----------------------------------------------------------------------------------
ELAS Securities
Acquisition Corporation Operating DE NY 13-3049038 500 100.00%
-----------------------------------------------------------------------------------
100 Federal Street
Realty Corporation Operating MA MA 04-2847619 100 100.00%
-----------------------------------------------------------------------------------
100 Federal Street
Funding Corporation Operating MA MA 04-2934600 100 100.00%
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Equitable Casualty
Insurance Company Operating VT VT 06-1166226 1,000 100.00%
-----------------------------------------------------------------------------------
EquiSource of
New York, Inc. Operating NY PA 13-3389662 1,000 100.00%
-----------------------------------------------------------------------------------
See Attached Listing B
--------------------------------------------------------------------------------
EREIM LP Corporation Operating DE NY 58-1739521 100 100.00%
-----------------------------------------------------------------------------------
EREIM LP Associates (L.P.) Operating NY NY - -
--------------------------------------------------------------------------------
EML Associates, L.P. Investment NY NY 58-1739531 - -
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Equitable Capital
Management, LLC (Note 5) Operating DE NY 13-3266813 1,000 100.00%
-----------------------------------------------------------------------------------
Equitable Capital Private
Income & Equity
Partnership II, L.P. Investment DE NY 13-3544879 - -
--------------------------------------------------------------------------------
Alliance Capital Management
Corporation (Note 5) Operating DE NY 13-3633538 100 100.00%
-----------------------------------------------------------------------------------
See Listing C
--------------------------------------------------------------------------------
Equitable JV Holding Corp. Operating DE NY 13-3555850 1,000 100.00%
-----------------------------------------------------------------------------------
EQ Services, Inc. Operating DE GA 58-1985395 1,000 100.00%
-----------------------------------------------------------------------------------
EREIM Managers Corporation Operating DE GA 58-1739529 1,000 100.00%
-----------------------------------------------------------------------------------
ML/EQ Real Estate
Portfolio, L.P. Investment DE NY 58-1739523 - -
--------------------------------------------------------------------------------
EML Associates, L.P. Investment NY NY 58-1739531 - -
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Equitable JVS, Inc. Investment DE GA 58-1812697 1,000 100.00%
-----------------------------------------------------------------------------------
Astor/Broadway
Acquisition Corp. Investment NY NY 13-3593692 100 100.00%
--------------------------------------------------------------------------------
Astor Times Square Corp. Investment NY NY 13-3593699 100 100.00%
--------------------------------------------------------------------------------
EJSVS, Inc. Investment DE NJ 58-2169594 1,000 100.00%
--------------------------------------------------------------------------------
Equitable JVS II, Inc. Investment MD MD 52-1877232 1,000 100.00%
-----------------------------------------------------------------------------------
Six-Pac G.P., Inc. Investment GA GA 58-1928595 100 100.00%
-----------------------------------------------------------------------------------
Equitable Distributors, Inc. Operating DE NY 13-3550365 1,000 100.00%
-----------------------------------------------------------------------------------
J.M.R. Realty Services, Inc. Operating DE NY 13-3813232 1,000 100.00%
-----------------------------------------------------------------------------------
AXA Network, LLC Operating DE NY 06-1555494 - 100.00%
-----------------------------------------------------------------------------------
AXA Network Insurance
Agency of Massachusetts, LLC Operating MA MA 04-3491734 - 100.00%
-----------------------------------------------------------------------------------
AXA Network of Alabama, LLC Operating AL AL 06-1562392 - 100.00%
-----------------------------------------------------------------------------------
AXA Network of Connecticut,
Maine and New York, LLC Operating DE NY 13-4085852 - 100.00%
-----------------------------------------------------------------------------------
<FN>
Note 1: For a listing of DLJ subsidiaries, see Exhibit 21 to DLJ's 1999 Annual
Report on Form 10-K which exhibit is hereby incorporated by reference.
</FN>
LISTING B: 12/31/99
EQUISOURCE OF NEW YORK, INC. Number
---------------------------- State of State of of Parent's
Type of Incorp.or Principal Federal Shares Percent of
Subsidiary Domicile Operation Tax ID # Owned Ownership
---------- -------- --------- --------- ----- ---------
AXA Financial, Inc.
- ----------------------------------------------------------------------
AXA Client Solutions, LLC 100.00%
-----------------------------------------------------------------
The Equitable Life Assurance Society of the United States
-------------------------------------------------------------
Equitable Holdings, LLC
----------------------------------------------------------
EquiSource of New York, Inc.
-------------------------------------------------------
EquiSource of Alabama, Inc. Operating AL AL 13-3386851 1,000 100.00%
----------------------------------------------------------------------------------------------
EquiSource of Arizona, Inc. Operating AZ AZ 13-3389071 1,000 100.00%
----------------------------------------------------------------------------------------------
EquiSource of Arkansas, Inc. Operating AR AR 13-3404676 1,000 100.00%
----------------------------------------------------------------------------------------------
EquiSource Insurance Agency of California Operating CA CA 13-3404686 1,000 100.00%
----------------------------------------------------------------------------------------------
EquiSource of Colorado, Inc. Operating CO CO 13-3404680 1,000 100.00%
----------------------------------------------------------------------------------------------
EquiSource of Delaware, Inc. Operating DE DE 13-3386036 1,000 100.00%
----------------------------------------------------------------------------------------------
EquiSource of Hawaii, Inc. Operating HI HI 13-3425232 1,000 100.00%
----------------------------------------------------------------------------------------------
EquiSource of Maine, Inc. Operating ME ME 13-3404681 1,000 100.00%
----------------------------------------------------------------------------------------------
EquiSource Insurance Agency of Massachusetts, Inc. Operating MA MA 22-2891027 1,000 100.00%
----------------------------------------------------------------------------------------------
EquiSource of Montana, Inc. Operating MT MT 13-3389063 1,000 100.00%
----------------------------------------------------------------------------------------------
EquiSource of Nevada, Inc. Operating NV NV 13-3389068 1,000 100.00%
----------------------------------------------------------------------------------------------
EquiSource of New Mexico, Inc. Operating NM NM 13-3404674 1,000 100.00%
----------------------------------------------------------------------------------------------
EquiSource of Pennsylvania, Inc. Operating PA PA 13-3389070 1,000 100.00%
----------------------------------------------------------------------------------------------
EquiSource of Puerto Rico, Inc. Operating PR PR 1,000 100.00%
----------------------------------------------------------------------------------------------
EquiSource Business Agency of Utah, Inc. Operating UT UT 13-3404679 1,000 100.00%
----------------------------------------------------------------------------------------------
EquiSource of Washington, Inc. Operating WA WA 13-3437226 1,000 100.00%
----------------------------------------------------------------------------------------------
EquiSource of Wyoming, Inc. Operating WY WY 13-3389072 1,000 100.00%
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LISTING C: 12/31/99
ALLIANCE CAPITAL MANAGEMENT CORP.
--------------------------------- State of State of
Type of Incorp. or Principal Federal
Subsidiary Domicile Operation Tax ID #
---------- -------- --------- ---------
AXA Financial, Inc.
- ------------------------------------------------------------------------------------
AXA Client Solutions, LLC
-------------------------------------------------------------------------------
The Equitable Life Assurance Society of the United States
---------------------------------------------------------------------------
Equitable Holdings, LLC
------------------------------------------------------------------------
Alliance Capital Management Corporation
------------------------------------------------------------------
Alliance Capital Management Holding L.P.(Note 1 and 2) Operating DE NY
---------------------------------------------------------------------------------------------------------------
Alliance Capital Management L.P. (Note 1 and 2) Operating DE NY 13-3434400
---------------------------------------------------------------------------------------------------------------
<FN>
Note 1 - For a listing of the Alliance Holding and Alliance subsidiaries, see
Exhibit 21 to their 1999 Annual Report on Form 10-K which exhibit is hereby
incorporated by reference.
Note 2 - See Note 5 on page 2 of this exhibit.
</FN>