SUBSIDIARY ORGANIZATION CHART 1996 EDITION
State of State of Number of Parent's
Incorp. or Principal Federal Shares Percent of
Domicile Operation Tax ID # Owned Ownership
---------- ----------- ------------- -------------- ---------
THE EQUITABLE COMPANIES INCORPORATED*** DE NY 13-3623351
Donaldson, Lufkin & Jenrette, Inc. (1) DE NY 13-1898818 23,404,230 43.91%
See Attached Listing F
The Equitable Life Assurance Society of the U.S.* NY NY 13-5570651 2,000,000 100.00%
Equitable Variable Life Insurance Company* NY NY 13-2729441 1,500,000 100.00%
Franconom, Inc. PA PA 23-2352488 50 100.00%
EVLICO, Inc. DE GA 58-2203762 100 100.00%
EVLICO East Ridge, Inc. CA GA 58-2206831 100 100.00%
Equitable Structured Settlement Corp. DE NJ Pending 100 100.00%
The Equitable of Colorado, Inc.* CO CO 13-3198083 1,000,000 100.00%
Frontier Trust Company ND ND 45-0373941 1,000 100.00%
Equitable Deal Flow Fund, L.P. DE NY 13-3385076 - -
Equitable Managed Assets, L.P. DE NY 13-3385080 - -
Real Estate Partnership Equities (various) ** - - -
Equitable Holding Corp. DE NJ 22-2766036 1,000 100.00%
See Attached Listing A
EREIM LP Associates (L.P.) NY NY - -
EML Associates, L.P. NY NY 58-1739531 - -
ACMC, Inc. DE NY 13-2677213 5,000,000 100.00%
Wil-Gro, Inc PA PA 23-2702404 1,000 100.00%
Prime Property Funding, Inc. DE NY 13-3719324 1,000 100.00%
Equitable Underwriting & Sales Agency (Bahamas) Ltd. Bahamas Bahamas - 5,000 100.00%
STCS, Inc. DE NY 13-3761592 1,000 100.00%
Fox Run, Inc. MA NY 23-2762596 1,000 100.00%
FTM Corp. MD MD 13-3778225 1,000 100.00%
CCMI Corp. MD MD 13-3778224 1,000 100.00%
HVM Corp. MD MD 13-3778222 1,000 100.00%
EVSA, Inc. DE PA 23-2671508 50 100.00%
Equitable BJVS, Inc. CA CA 33-0540198 1,000 100.00%
Equitable Rowes Wharf, Inc. MA MA 04-3272826 1,000 100.00%
Camelback JVS, Inc. AZ AZ 86-0794576 1,000 100.00%
GP/EQ Southwest, Inc. TX TX 75-2624983 94 94.00%
ELAS Realty, Inc. DE GA 58-2271596 1,000 100.00%
Equitable Realty Assets Corporation DE GA 58-1538468 10,000 100.00%
<FN>
* Affiliated Insurer
** Information relating to Equitable's Real Estate Partnership Equities is
disclosed in Schedule BA, Part 1 of Equitable Life's Annual Statement
which has been filed with the N.Y.S. Insurance Department.
*** All subsidiaries are corporations, except as otherwise noted.
(1) In addition, Equitable Holding Corp. owns
19,230,770 shares (36.08%). In the aggregate,
EQ owns 42,635,000 shares (79.99%)
of Donaldson, Lufkin & Jenrette, Inc.
1996 Additions/Deletions:
- -------------------------
- FHJV Holdings
+ Equitable Realty Assets Corp. - transferred from EHC
+ ELAS Realty, Inc.
+ Equitable Structured Settlement Corp.
</FN>
Page 1
LISTING A:
EQUITABLE HOLDING CORP. State of State of Number of Parent's
----------------------- Incorp. or Principal Federal Shares Percent of
Domicile Operation Tax ID # Owned Ownership
-------- --------- -------- ----- ---------
THE EQUITABLE COMPANIES INCORPORATED
The Equitable Life Assurance Society of the U.S.*
Equitable Holding Corporation (1)
ELAS Securities Acquisition Corporation DE 13-3049038 500 100.00%
100 Federal Street Realty Corporation MA MA 04-2847619 100 100.00%
100 Federal Street Funding Corporation MA MA 04-2934600 100 100.00%
EQ Financial Consultants, Inc.
formerly, Equico Securities, Inc. DE NY 13-2693569 20,000 100.00%
Equitable Casualty Insurance Company* VT VT 06-1166226 1,000 100.00%
EquiSource of New York, Inc. NY PA 13-3389662 1,000 100.00%
See Attached Listing B
EREIM LP Corporation DE NY 58-1739521 100 100.00%
EREIM LP Associates (L.P.) NY NY - -
EML Associates, L.P. NY NY 58-1739531 - -
Equitable Investment Corporation NY NY 13-2694412 1,000 100.00%
See Attached Listing C
Equitable JVS, Inc. DE GA 58-1812697 1,000 100.00%
Astor/Broadway Acquisition Corp. NY NY 13-3593692 100 100.00%
Astor Times Square Corp. NY NY 13-3593699 100 100.00%
PC Landmark, Inc. TX TX 75-2338215 1,000 100.00%
Equitable JVS II, Inc. MD MD 52-1877232 1,000 100.00%
EJSVS, Inc. DE NJ 58-2169594 1,000 100.00%
Six-Pac G.P., Inc. GA GA 58-1928595 100 100.00%
Equitable Distributors, Inc.
formerly, Equitable Capital Securities Corporation DE NY 13-3550365 1,000 100.00%
J.M.R. Realty Services, Inc. DE NY 13-3813232 1,000 100.00%
<FN>
*Affiliated Insurer
(1) Owns 36.1 % of Donaldson, Lufkin & Jenrette, Inc.
</FN>
Page 2
LISTING B:
EQUISOURCE OF NEW YORK, INC. State of State of Number of Parent's
---------------------------- Incorp. or Principal Federal Shares Percent of
Domicile Operation Tax ID # Owned Ownership
-------- --------- -------- ----- ---------
THE EQUITABLE COMPANIES INCORPORATED
The Equitable Life Assurance Society of the U.S.*
Equitable Holding Corporation
EquiSource of New York, Inc.
EquiSource of Alabama, Inc. AL AL 13-3386851 1,000 100.00%
EquiSource of Arizona, Inc. AZ AZ 13-3389071 1,000 100.00%
EquiSource of Arkansas, Inc. AR AR 13-3404676 1,000 100.00%
EquiSource Insurance Agency of California CA CA 13-3404686 1,000 100.00%
EquiSource of Colorado, Inc. CO CO 13-3404680 1,000 100.00%
EquiSource of Delaware, Inc. DE DE 13-3386036 1,000 100.00%
EquiSource of Hawaii, Inc. HI HI 13-3425232 1,000 100.00%
EquiSource of Maine, Inc. ME ME 13-3404681 1,000 100.00%
EquiSource Insurance Agency of Massachusetts, Inc. MA MA 22-2891027 1,000 100.00%
EquiSource of Montana, Inc. MT MT 13-3389063 1,000 100.00%
EquiSource of Nevada, Inc. NV NV 13-3389068 1,000 100.00%
EquiSource of New Mexico, Inc. NM NM 13-3404674 1,000 100.00%
EquiSource of Pennsylvania, Inc. PA PA 13-3389070 1,000 100.00%
EquiSource Business Agency of Utah, Inc. UT UT 13-3404679 1,000 100.00%
EquiSource of Washington, Inc. WA WA 13-3437226 1,000 100.00%
EquiSource of Wyoming, Inc. WY WY 13-3389072 1,000 100.00%
<FN>
Note:
Traditional Equinet Business Corp. of N.Y. changed
its name to EquiSource of New York, Inc.
</FN>
Page 3
LISTING C:
EQUITABLE INVESTMENT CORPORATION State of State of Number of Parent's
-------------------------------- Incorp. or Principal Federal Shares Percent of
Domicile Operation Tax ID # Owned Ownership
-------- --------- -------- ----- ---------
THE EQUITABLE COMPANIES INCORPORATED
The Equitable Life Assurance Society of the U.S.*
Equitable Holding Corporation
Equitable Investment Corporation
Equitable Capital Management Corporation DE NY 13-3266813 1,000 100.00%
Equitable Capital Private Income & Equity
Partnership II, L.P. DE NY 13-3544879 - -
Equitable Real Estate Investment Management, Inc. DE GA 58-1571819 123 100.00%
See Attached Listing D
Alliance Capital Management Corporation DE NY 13-3633538 100 100.00%
See Attached Listing E
Equitable JV Holding Corp. DE NY 13-3555850 1,000 100.00%
EQ Services, Inc. DE GA 58-1985395 1,000 100.00%
Equitable Agri-Business, Inc. DE GA 58-1571529 260 100.00%
Page 4
LISTING D:
EQUITABLE REAL ESTATE INVESTMENT MGMT., INC. State of State of Number of Parent's
-------------------------------------------- Incorp. or Principal Federal Shares Percent of
Domicile Operation Tax ID # Owned Ownership
-------- --------- -------- ----- ---------
THE EQUITABLE COMPANIES INCORPORATED
The Equitable Life Assurance Society of the U.S.*
Equitable Holding Corporation
Equitable Investment Corporation
Equitable Real Estate Investment Management, Inc.
Compass Management & Leasing, Co. CO CO 58-1973954 800 80.00%
Equitable Real Estate Capital Markets, Inc. DE NY 58-1754188 100 100.00%
Equitable Pacific Partners Corp. DE GA 58-1754193 100 100.00%
EPPNLP Corporation DE GA 58-1754189 100 100.00%
EREIM Managers Corporation DE GA 58-1739529 100 100.00%
ML/EQ Real Estate Portfolio, L.P. DE NY 58-1739523 - -
EML Associates, L.P. NY NY 58-1739531 - -
Equitable Realty Portfolio Management, Inc. DE GA 13-3321570 1,000 100.00%
Compass Retail, Inc. DE GA 58-1893213 100 100.00%
Compass/RPS Airport Services, LLC GA GA 64.00%
Compass Management & Leasing, Inc. DE GA 58-1975365 1,000 100.00%
CJVS, Inc. CA CA 33-0629835 1,000 100.00%
Compass Management & Leasing, Ltd. UK UK - 100.00%
Compass Cayman Cayman Isl. Brazil - 100.00%
Column Financial, Inc. DE GA 58-2061106 500 50.00%
Equitable Real Estate Hyperion Capital Advisors L.L.C. DE
Community Funding, Inc. DE
Buckhead Strategic Corp. DE GA 58-2143988 1,000 100.00%
Buckhead Strategic Corp. II DE GA 58-2204352 1,000 100.00%
Buckhead Strategic Fund L.P., II
Buckhead Co. II L.P.
Oxhead Property Co., L.L.C.
Oxhead Holding Corp.
Oxhead Operating Co., L.L.C.
Buckhead Co. III, L.P.
HYDOC, L.L.C.
Headwind Property Co., L.L.C.
Headwind Holding Corp.
Headwind Operating Co., L.L.C.
Tricon Corp.
Page 5
LISTING E:
ALLIANCE CAPITAL MANAGEMENT CORP. State of State of Number of Parent's
--------------------------------- Incorp. or Principal Federal Shares Percent of
Domicile Operation Tax ID # Owned Ownership
-------- --------- -------- ----- ---------
THE EQUITABLE COMPANIES INCORPORATED
The Equitable Life Assurance Society of the U.S.*
Equitable Holding Corporation
Equitable Investment Corporation
Alliance Capital Management Corporation
Alliance Capital Management L.P. DE NY 13-3434400
Albion Alliance L.L.C. 40.00%
Cursitor Alliance L.L.C. DE MA 92.55%
Cursitor Holdings Ltd. U.K. U.K. - 100.00%
Draycott Partners. Ltd. MA U.K. - 100.00%
The London Partnership Ltd. U.K. U.K. - 100.00%
Cursitor Management Co. SA Lux. Lux. - 100.00%
Cursitor Management Ltd. U.K. U.K. - 100.00%
Cursitor-Eaton Asset Management Co. NY MA - 50.00%
Cursitor Cecogest SA France France - 75.00%
Cursitor Courtage SARL France France - 100.00%
Cursitor Gestion SA France France - 100.00%
Alliance Capital Management (Asia) Ltd. DE Asia 13-3752293 100.00%
Alliance Capital Management (Turkey) Ltd. Turkey Turkey - 100.00%
Alliance Capital Management (Japan), Inc. DE Japan 13-3009358 100 100.00%
Cursitor Alliance Management Limited U.K. U.K. - 250,000 100.00%
Dimentional Asset Management Ltd. U.K. U.K. - 1,000 100.00%
Dimentional Trust Management Ltd. U.K. U.K. - 50,000 100.00%
Alliance Capital Management Corp. of Delaware DE 13-2778645 10 100.00%
Alliance Fund Services, Inc. DE 13-3211780 100 100.00%
Alliance Fund Distributors, Inc. DE 13-3191825 100 100.00%
Alliance Capital Oceanic Corp. DE 13-3441277 1,000 100.00%
Alliance Capital Management (Brazil) Ltda. Brazil Brazil - 99.00%
Alliance Capital Management Australia Limited Aust. Aust. - 12 100.00%
Meiji - Alliance Capital Corp. DE NY 13-3613617 50,000 50.00%
Alliance Capital (Luxembourg) S.A. Lux. Lux. - 3,999 99.98%
Alliance Barra Research Institute, Inc. DE NY 13-3548918 1,000 50.00%
Alliance Capital Management Canada, Inc. Canada Canada - 18,750 100.00%
Alliance Capital Global Derivatives Corp. DE NY 13-3626546 1,000 100.00%
Alliance International Fund Services, S.A. Lux. Lux. - 99.00%
Alliance Capital Management (India) Ltd. DE India 13-3751338 100.00%
Page 7
LISTING E:
ALLIANCE CAPITAL MANAGEMENT CORP. State of State of Number of Parent's
--------------------------------- Incorp. or Principal Federal Shares Percent of
Domicile Operation Tax ID # Owned Ownership
-------- --------- -------- ----- ---------
THE EQUITABLE COMPANIES INCORPORATED
The Equitable Life Assurance Society of the U.S.*
Equitable Holding Corporation
Equitable Investment Corporation
Alliance Capital Management Corporation
Alliance Capital Management L.P.
Alliance Capital Management Corp. of Delaware (Cont'd) 10 100.00%
Alliance Capital (Mauritius) Ltd. Mauritius Mauritius - 100.00%
Alliance Capital Asset Management (India) India India - 75.00%
Private Ltd.
ACSYS Software India Private Ltd. India India - 51.00%
Alliance Eastern Europe, Inc. DE 100.00%
Alliance Corporate Finance Group Inc. DE - 52-1671668 1,000 100.00%
Equitable Capital Diversified Holdings, L.P. I DE NY 13-3520268 - -
EC Diversified Holdings Corp. I DE NY 13-3521917 100 100.00%
Equitable Capital Diversified Holdings, L.P. II DE NY 13-3546007 - -
EC Diversified Holdings Corp. II DE NY 13-3551472 100 100.00%
ECM Fund L.P. I DE NY 13-3674518 - -
ECM Corporation I DE NY 13-3674512 100 100.00%
Equitable Capital Partners, L.P. DE NY 13-3486115 - -
Equitable Capital Partners (Retirement
Fund), L.P. DE NY 13-3486106 - -
Page 8
LISTING F:
Donaldson, Lufkin And Jenrette, Inc. Subsidiary List
PERCENT SHARES HELD JURISDICTION OF
SUBSIDIARY EMPLOYER ID OWNER AFFILIATE OWNERSHIP BY OWNER INCORPORATION
- ------------------------------------------------------------------------------------------------------------------------------------
1974 Multifamily, Inc. 13-2785141 DLJ Real Estate, Inc. 100% 100 Delaware
21' Funding, Inc. 13-3823483 DLJ Bridge Finance, Inc. 100% 1,000 Delaware
AML Futures International, Inc. 13-3244797 Donaldson, Lufkin & Jenrette, 100% 1,000 Delaware
Inc.
AML Futures, Inc. 13-2671027 AML Futures International, Inc. 100% 1,000 Delaware
AML Futures, S.A. (In Dissolution) None AML Holdings, Inc. 100% 1,000 Switzerland
AML Holdings (London) Ltd. None AML Holdings, Inc. 100% 2,500,000 United Kingdom
AML Holdings, Inc. (Formerly DLJ 13-2671028 Donaldson, Lufkin & Jenrette, 100% 1,000 Delaware
Commodities, Incorporated.) Inc.
Autranet International Limited (In None Autranet, Inc. 100% 200 United Kingdom
Dissolution)
Autranet, Inc. 13-2961507 Donaldson, Lufkin & Jenrette, 100% 1,000 Delaware
Inc.
Bond Investment Partners, LLC 13-7070202 DLJ Capital Corporation 99% Delaware
Bond Investment Partners, LLC 13-7070202 DLJ Investment, Inc. 1% Delaware
Brewster Property Holding Corp. 13-3745194 DLJ Real Estate, Inc. 100% 200 New York
BSI Acquisitions Corp. 13-3189297 Donaldson, Lufkin & Jenrette, 100% 1,000 Delaware
Inc.
Cadogan Nominees Limited None Pershing Limited 100% 150 United Kingdom
Calmco Trustee Services, Inc. 74-2777085 Calmco, Inc. 100% 10,000 Delaware
Calmco, Inc. 13-3860801 DLJ Mortgage Capital, Inc. 100% 1,000 Delaware
Page 9
CBJC, Inc. 13-3906717 Donaldson, Lufkin & Jenrette, 100% 1,000 Delaware
Inc.
CEC Energy Co., Inc. 13-3351987 Donaldson, Lufkin & Jenrette 100% 1,000 Delaware
Securities Corporation
CF Realty, Inc. 13-3873229 DLJ Real Estate Capital 100% 1,000 Delaware
Partners, L.P.
CG Funding, Inc. 13-3873232 DLJ Real Estate Capital Funding, 100% 1,000 Delaware
Inc.
Coram Funding, Inc. 13-3819014 DLJ Bridge Finance, Inc. 100% 1,000 Delaware
Demsworth, Inc. 13-3869262 DLJ Real Estate, Inc. 100% 1,000 Delaware
DLJ Acceptance Corporation 13-3438856 Donaldson, Lufkin & Jenrette, 100% 1,000 Delaware
Inc.
DLJ Acquisition Corp. - I 13-3801491 DLJ/Conn. Acquisition Corp. 100% 2,000 Delaware
DLJ Africa, Inc. 13-3857310 Donaldson, Lufkin & Jenrette, 100% 1,000 Delaware
Inc.
DLJ Asset Management, Inc. 13-3859805 Donaldson, Lufkin & Jenrette 100% 1,000 Delaware
Securities Corporation
DLJ Bermuda Partners, Inc. 13-3799776 DLJ Capital Investors, Inc. 100% 1,000 Delaware
DLJ Bridge Finance, Inc. 13-3433876 Donaldson, Lufkin & Jenrette, 100% 1,000 Delaware
Inc.
DLJ Capital Associates (VI), Inc. 13-3519751 DLJ Capital Corporation 100% 1,000 Delaware
DLJ Capital Associates VII, Inc. 13-3810628 DLJ Capital Corporation 100% 100 Delaware
Page 10
DLJ Capital Corporation 13-2656882 Donaldson, Lufkin & Jenrette, 100% 100 Delaware
Inc.
DLJ Capital Funding, Inc. 13-3901308 Donaldson, Lufkin & Jenrette, 100% 1,000 Delaware
Inc.
DLJ Capital Investors, Inc. 13-3805378 Donaldson, Lufkin & Jenrette, 100% 1,000 Delaware
Inc.
DLJ Capital Management Corporation 13-3603831 DLJ Capital Corporation 100% 1,000 Delaware
DLJ Capital Trust I 13-7093229 Donaldson, Lufkin & Jenrette, 100% 1,000 Delaware
Inc.
DLJ Cayman Acquisition Limited None Donaldson, Lufkin & Jenrette, 100% 1 Cayman Islands
Inc.
DLJ Cayman Islands LDC None DLJ Capital Corporation 20% 999 Cayman Islands
DLJ Cayman Islands LDC None Donaldson, Lufkin & Jenrette, 80% 3,996 Cayman Islands
Inc.
DLJ Century, Inc. 13-3717365 DLJ Mortgage Capital, Inc. 100% 1,000 Delaware
DLJ City Line, Inc. 13-3319171 DLJ Realty Services, Inc. 100% 100 New York
DLJ Clearing Corporation 13-3731408 Donaldson, Lufkin & Jenrette, 100% 1,000 Delaware
Inc.
DLJ Diversified Partners, Inc. 13-3907706 DLJ Capital Investors, Inc. 100% 1,000 Delaware
DLJ Emerging Markets LDC None DLJ Capital Corporation 20% 2,000 Cayman Islands
DLJ Emerging Markets LDC None Donaldson, Lufkin & Jenrette, 80% 8,000 Cayman Islands
Inc.
DLJ Europe, Inc. 13-3860782 Donaldson, Lufkin & Jenrette 100% 1,000 Delaware
Securities Corporation
DLJ First ESC, LLC 13-3790645 DLJ Employees N/A N/A Delaware
DLJ Growth Associates (II), Inc. 13-3695982 DLJ Capital Corporation 100% 1,000 Delaware
DLJ Harbor (Boston) Corp. 13-3160683 DLJ Real Estate, Inc. 100% 1,000 Massachusetts
Page 11
DLJ Hoffman, Inc. 13-3153908 DLJ Real Estate, Inc. 100% 100 Delaware
DLJ Holdings, Inc. 13-3861189 Donaldson, Lufkin & Jenrette, 100% 1,000 Delaware
Inc.
DLJ International, Inc. 13-3860788 Donaldson, Lufkin & Jenrette, 100% 1,000 Delaware
Inc.
DLJ Investment Funding, Inc. 13-3887953 DLJ Capital Investors, Inc. 100% 1,000 Delaware
DLJ Investment Management Corp. 13-3859861 Donaldson, Lufkin & Jenrette 100% 1,000 Delaware
Securities Corporation
DLJ Investment Partners, Inc. 13-3854261 DLJ Capital Investors, Inc. 100% 1,000 Delaware
DLJ Investment, Inc. 13-3419317 Donaldson, Lufkin & Jenrette, 100% 1,000 Delaware
Inc.
DLJ Kansas City Capital, Inc. 13-3697211 Donaldson, Lufkin & Jenrette, 100% 1,000 Delaware
Inc.
DLJ LBO Plans Management Corporation 13-3743225 DLJ Capital Investors, Inc. 100% 100 Delaware
DLJ Leasing Company, Inc. 13-3542594 Donaldson, Lufkin & Jenrette, 100% 1,000 Delaware
Inc.
DLJ MB Funding II, Inc. 13-3919500 DLJ Capital Investors, Inc. 100% 1,000 Delaware
DLJ Merchant Banking Funding, Inc. 13-3709041 DLJ Capital Investors, Inc. 100% 1,000 Delaware
Page 12
DLJ Merchant Banking II, Inc. 13-3906244 DLJ Capital Investors, Inc. 100% 1,000 Delaware
DLJ Merchant Banking, Inc. 13-3644198 DLJ Capital Investors, Inc. 100% 100 Delaware
DLJ Mortgage Acceptance Corp. 13-3460894 Donaldson, Lufkin & Jenrette, 100% 1,000 Delaware
Inc.
DLJ Mortgage Capital, Inc. 13-3460798 Donaldson, Lufkin & Jenrette, 100% 1,000 Delaware
Inc.
DLJ Offshore Management N.V. None DLJ Capital Investors, Inc. 100% 6,000 Netherlands
Antilles
DLJ Puerto Rico Realty Corp. Not Available as of Puerto Rico Hotel OPCO, L.P. 100% 1,000 Delaware
Today
DLJ Real Estate Capital Funding, Inc. 13-3811304 DLJ Capital Investors, Inc. 100% 1,000 Delaware
DLJ Real Estate Capital Partners, Inc. 13-3805375 DLJ Capital Investors, Inc. 100% 1,000 Delaware
DLJ Real Estate Capital, Inc. 13-3811303 DLJ Capital Investors, Inc. 100% 1,000 Delaware
DLJ Real Estate Mezzanine Capital, Inc. 13-3910356 DLJ Capital Investors, Inc. 100% 1,000 Delaware
DLJ Real Estate, Inc. 13-2658821 Donaldson, Lufkin & Jenrette, 100% 3,000 Delaware
Inc.
DLJ Realty Services, Inc. 13-2791329 DLJ Real Estate, Inc. 100% 0 Delaware
DLJ Secureco Holdings, Inc. 13-3714258 DLJ Mortgage Capital, Inc. 100% 1,000 Delaware
DLJ Senior Debt Finance, Inc. 13-3891131 Donaldson, Lufkin & Jenrette, 100% 100 Delaware
Inc.
DLJ Senior Officers Investment 13-3220934 Donaldson, Lufkin & Jenrette, 100% 100 Delaware
Corporation Inc.
DLJ Services, Inc. 13-3817414 Donaldson, Lufkin & Jenrette, 100% 1,000 Delaware
Inc.
DLJ/Conn Acquisition Corp. 13-3781382 Donaldson, Lufkin & Jenrette, 100% 100 Delaware
Inc.
Page 13
Donaldson Funding Corporation 13-3810631 DLJ Bridge Finance, Inc. 100% 1,000 Delaware
Donaldson Leasing Corp. 13-3692113 Donaldson, Lufkin & Jenrette, 100% 1,000 Delaware
Inc.
Donaldson Lufkin & Jenrette Asia Limited None Donaldson, Lufkin & Jenrette, 99% 299 Hong Kong
Inc.
Donaldson Lufkin & Jenrette Asia Limited None Vincent DeGiaimo 1% 1 Hong Kong
Donaldson, Lufkin & Jenrette (Brasil) None DLJ Capital Corporation 20% 100,000 Brazil
Ltda.
Donaldson, Lufkin & Jenrette (Brasil) None Donaldson, Lufkin & Jenrette, 80% 400,000 Brazil
Ltda. Inc.
Donaldson, Lufkin & Jenrette None DLJ Europe, Inc. 6% 1,915 Non-Voting United
International Limited Class B Shares Kingdom
Donaldson, Lufkin & Jenrette None DLJ International, Inc. 100% 35,800,101 Voting United
International Limited Class A Shares Kingdom
Donaldson, Lufkin & Jenrette Securities 13-2741729 Donaldson, Lufkin & Jenrette, 100% 3,000 Delaware
Corporation Inc.
Equine Technology and Analysis, Inc. 13-3246841 Donaldson, Lufkin & Jenrette, 100% 1,000 Delaware
Inc.
Gateway Management, Inc. 13-3732486 DLJ Secureco Holdings, Inc. 100% 1,000 Delaware
Global Retail Partners Funding, Inc. 13-3877298 DLJ Capital Investors, Inc. 100% 1,000 Delaware
Global Retail Partners, Inc. 13-3846674 DLJ Capital Investors, Inc. 100% 1,000 Delaware
Headway GP, Inc. 13-3888736 DLJ Real Estate Capital 100% 1,000 Delaware
Partners, L.P.
Headway RECP, Inc. 13-3888738 DLJ Real Estate Capital 100% 1,000 Delaware
Partners, L.P.
Page 14
Headway SBS, Inc. 13-3888737 DLJ Real Estate Capital Funding, 100% 1,000 Delaware
Inc.
Hoboken RECP, Inc. 13-3901762 DLJ Real Estate Capital 100% 1,000 Delaware
Partners, Inc.
Hoboken SBS, Inc. 13-3901763 DLJ Real Estate Capital Funding, 100% 1,000 Delaware
Inc.
July Acquisitions, Inc. 13-3902416 Donaldson, Lufkin & Jenrette, 100% 1,000 Delaware
Inc.
MIH Funding, Inc. Not Available as of DLJ Bridge Finance, Inc. 100% 1,000 Delaware
Today
NeTpower Funding, Inc. Not Available as of DLJ Bridge Finance, Inc. 100% 1,000 Delaware
Today
Orlando GP, Inc. 13-3901271 DLJ Real Estate Capital 100% 1,000 Delaware
Partners, L.P.
Orlando RECP, Inc. 13-3901270 DLJ Real Estate Capital 100% 1,000 Delaware
Partners, L.P.
Orlando SBS, Inc. 13-3892543 DLJ Real Estate Capital Funding, 100% 1,000 Delaware
Inc.
PC Financial Network Holdings, Inc. 13-3902239 Donaldson, Lufkin & Jenrette, 100% 1,000 Delaware
Inc.
PC Financial Network, Inc. 13-3902248 PC Financial Network Holdings, 100% 1,000 Delaware
Inc.
PCFN Technologies, Inc. 13-3902260 PC Financial Network Holdings, 100% 1,000 Delaware
Inc.
Pershing & Co., Inc. 13-3117481 Donaldson, Lufkin & Jenrette, 100% 1,000 Delaware
Inc.
Pershing ICS Nominees Limited None Pershing Limited 100% 2 United
Kingdom
Pershing Keen Nominees Ltd. None Pershing Limited 100% 2 United
Kingdom
Page 15
Pershing Limited None Donaldson, Lufkin & Jenrette 100% 3,281,500 United
Securities Corporation Kingdom
Pershing Nominees Ltd. None Pershing Limited 100% 2 United
Kingdom
Pershing Securities Limited None Pershing Limited 100% 1,125,000 United
Kingdom
Pershing Trading Company, L.P. 13-3769702 DLJ Clearing Corporation 1% General Partner Delaware
Pershing Trading Company, L.P. 13-3769702 Donaldson, Lufkin & Jenrette 99% Limited Partner Delaware
Securities Corporation
Property Group, Inc. 13-2783990 DLJ Real Estate, Inc. 100% 100 Delaware
PSP Capital Funding, Inc. 13-3920284 DLJ Real Estate Capital Funding, 100% 1,000 Delaware
Inc.
PSP Realty, Inc. 13-3920282 DLJ Real Estate Capital 100% 1,000 Delaware
Partners, L.P.
Puerto Rico Hotel HOLDCO Corp. 13-3923272 DLJ Real Estate Capital 100% 1,000 Delaware
Partners, LP
Puerto Rico Hotel OPCO Corp.
13-3923269 DLJ Real Estate Capital 100% 1,000 Delaware
Partners, LP
Puerto Rico Hotel SBS Corp. 13-3923271 DLJ Real Estate Capital Funding, 100% 1,000 Delaware
Inc.
RC Funding, Inc. 13-3906715 DLJ Bridge Finance, Inc. 100% 1,000 Delaware
REFG Investor Eight, Inc. 13-3904767 Donaldson, Lufkin & Jenrette, 100% 1,000 Delaware
Inc.
REFG Investor Eleven, Inc. 13-3904776 Donaldson, Lufkin & Jenrette, 100% 1,000 Delaware
Inc.
REFG Investor Fifteen, Inc. 13-3904783 Donaldson, Lufkin & Jenrette, 100% 1,000 Delaware
Inc.
REFG Investor Five, Inc. 13-3904760 Donaldson, Lufkin & Jenrette, 100% 1,000 Delaware
Inc.
Page 16
REFG Investor Four, Inc. 13-3847759 Donaldson, Lufkin & Jenrette, 100% 1,000 Delaware
Inc.
REFG Investor Fourteen, Inc. 13-3904781 Donaldson, Lufkin & Jenrette, 100% 1,000 Delaware
Inc.
REFG Investor Nine, Inc. 13-3904768 Donaldson, Lufkin & Jenrette, 100% 1,000 Delaware
Inc.
REFG Investor One, Inc. 13-3810633 Donaldson, Lufkin & Jenrette, 100% 1,000 Delaware
Inc.
REFG Investor Seven, Inc. 13-3904766 Donaldson, Lufkin & Jenrette, 100% 1,000 Delaware
Inc.
REFG Investor Six, Inc. 13-3904764 Donaldson, Lufkin & Jenrette, 100% 1,000 Delaware
Inc.
REFG Investor Ten, Inc. 13-3904769 Donaldson, Lufkin & Jenrette, 100% 1,000 Delaware
Inc.
REFG Investor Thirteen, Inc. 13-3904779 Donaldson, Lufkin & Jenrette, 100% 1,000 Delaware
Inc.
REFG Investor Trust Not available as of REFG Investors One, Inc. 50% Delaware
today
REFG Investor Trust Not available as of REFG Investors Two, Inc. 50% Delaware
today
REFG Investor Twelve, Inc. 13-3904778 Donaldson, Lufkin & Jenrette, 100% 1,000 Delaware
Inc.
REFG Investor Two, Inc. 13-3810632 Donaldson, Lufkin & Jenrette, 100% 1,000 Delaware
Inc.
REFG Investors Three, Inc. 13-3844068 Donaldson, Lufkin & Jenrette, 100% 1,000 Delaware
Inc.
REOltor Services, Inc. 74-2769097 Calmco, Inc. 100% 10,000 Texas
Seaport General Corporation 13-3194809 DLJ Realty Services, Inc. 100% 100 New York
Secureco Chateau, Inc. 13-3720564 DLJ Secureco Holdings, Inc. 100% 500 Delaware
Secureco Deerfield, Inc. 13-3719130 DLJ Secureco Holdings, Inc. 100% 500 Delaware
Page 18
Secureco Grand Park, Inc. 13-3714735 DLJ Secureco Holdings, Inc. 100% 500 Delaware
Secureco Greenbriar, Inc. 13-3869249 DLJ Secureco Holdings, Inc. 100% 1,000 Delaware
Secureco Lodge, Inc. 13-3715328 DLJ Secureco Holdings, Inc. 100% 500 Delaware
Secureco Marina, Inc. 13-3715403 DLJ Secureco Holdings, Inc. 100% 500 Delaware
Secureco Merit Candlewick, Inc. 13-3720556 DLJ Secureco Holdings, Inc. 100% 500 Delaware
Secureco Merit Fund I, Inc. 13-3720558 DLJ Secureco Holdings, Inc. 100% 500 Delaware
Secureco Merit Fund II, Inc. 13-3720566 DLJ Secureco Holdings, Inc. 100% 500 Delaware
Secureco Merit Fund III, Inc. 13-3720551 DLJ Secureco Holdings, Inc. 100% 500 Delaware
Secureco Merit Fund IV, Inc. 13-3720561 DLJ Secureco Holdings, Inc. 100% 500 Delaware
Secureco Merit Fund IX, Inc. 13-3720555 DLJ Secureco Holdings, Inc. 100% 500 Delaware
Secureco Merit Fund V, Inc. 13-2720559 DLJ Secureco Holdings, Inc. 100% 500 Delaware
Secureco Merit Fund VI, Inc. 13-3720565 DLJ Secureco Holdings, Inc. 100% 500 Delaware
Page 19
Secureco Merit Fund VII, Inc. 13-3720552 DLJ Secureco Holdings, Inc. 100% 500 Delaware
Secureco Merit Fund VIII, Inc. 13-3720554 DLJ Secureco Holdings, Inc. 100% 500 Delaware
Secureco Merit Washington Manor, Inc. 13-3720550 DLJ Secureco Holdings, Inc. 100% 500 Delaware
Secureco Riverside, Inc. 13-3715362 DLJ Secureco Holdings, Inc. 100% 500 Delaware
Secureco Rolling Hills, Inc. 13-3732849 DLJ Secureco Holdings, Inc. 100% 1,000 Delaware
Secureco Tan Crest, Inc. 13-3720553 DLJ Secureco Holdings, Inc. 100% 500 Delaware
Secureco Westchester Square, Inc. 13-3720557 DLJ Secureco Holdings, Inc. 100% 500 Delaware
Secureco Worthington, Inc. 13-3719132 DLJ Secureco Holdings, Inc. 100% 500 Delaware
Snoga, Inc. 13-3036391 Donaldson, Lufkin & Jenrette, 100% 1,000 Delaware
Inc.
Trinity Group Hearthstone, Inc. 36-3951675 Trinity Holding, Inc. 100% 100 Illinois
Trinity Holding, Inc. 13-3810632 DLJ Mortgage Capital, Inc. 100% 100 Delaware
TVO Bellaire H., Inc. 13-3798894 DLJ Secureco Holdings, Inc. 100% 1,000 Texas
TVO ELLA AV, Inc. 13-3798892 DLJ Secureco Holdings, Inc. 100% 1,000 Texas
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TVO SYNOTT HP, Inc. 13-3798891 DLJ Secureco Holdings, Inc. 100% 1,000 Texas
TVO Whittington G, Inc. 13-3798895 DLJ Secureco Holdings, Inc. 100% 1,000 Texas
UK Investment Plan 1997, Inc. Not Available as of Donaldson, Lufkin & Jenrette, 100% 1,000 Delaware
Today Inc.
Winthrop Trust Company 13-3818656 Wood, Struthers & Winthrop 100% 100 New York
Management Corp.
Wood, Struthers & Winthrop Management 13-2774791 Donaldson, Lufkin & Jenrette 100% 1,000 Delaware
Corp. Securities Corporation
WSW Capital, Inc. 13-3749620 Wood, Struthers & Winthrop 100% 1,000 Delaware
Management Corp.
Page 21