EXHIBIT 21
Parent and Subsidiaries
Principal Owners of the Company's Stock
Information pertaining to the percentages of the Company's outstanding
common stock, par value $1 per share and Class B common stock, par value $1
per share, held by certain principal stockholders of the Company is
incorporated herein by reference to the Company's Proxy Statement for the
Annual Meeting of Stockholders to be held on July 16, 1996, to be filed
with the Securities and Exchange Commission under the caption "Principal
Stockholders".
Subsidiaries of the Company
The following is a list of the active subsidiaries of the Company showing
the jurisdiction of incorporation and the percentage of voting securities
owned by the Company or by wholly-owned subsidiaries of the Company as of
March 31, 1996:
Jurisdiction Percentage
of of Voting
Name of Corporation Incorporation Securities
- ------------------- ------------- ----------
Carter-Wallace, N.S. Inc. Delaware 100%
Carter-Wallace, O.S. Inc. Delaware 100%
Carter-Wallace Limited England 100%
Carter-Wallace (Australia) Pty, Limited Australia 100%
Carter-Wallace, S.A. Mexico 100%
Carter-Wallace FSC Corp. Virgin Islands 100%
Frank W. Horner Inc. Canada 100%
Icart, S.A. Spain 100%
International Biological Laboratories, Inc. Maryland 95%
Laboratoires Fumouze, S.A. France 100%
Sante Beaute S.A. France 100%
Sofibel S.A.R.L. France 100%
S.p.A. Italiana Laboratori Bouty Italy 100%
Technogenetics S.r.l. Italy 100%
Tripharma S.A.R.L. France 100%
All of the above subsidiaries are included in the consolidated financial
statements of the Company.