EXHIBIT 21
Subsidiaries of The Bear Stearns Companies Inc.
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Jurisdiction of
Incorporation
or Organization
---------------
Battery Park Capital Corp. New York
Bear Stearns Acquisition Corp. Delaware
Bear Stearns Acquisition II, Inc. Delaware
Bear Stearns Acquisition Corporation IV Delaware
CDG Holdings, Inc. Massachusetts
Cambridge Dry Goods Co. Inc. Massachusetts
Bear Stearns Acquisition V, Inc. Delaware
Bear Stearns Acquisition Corp. VII Delaware
Bear Stearns Acquisition XII, Inc. Delaware
Bear Stearns Acquisition XIV, Inc. Delaware
MV Holdings, Inc. Delaware
ALIMAX Corp. New York
Bear Stearns Argentina Inc. Delaware
Bear Stearns Asset Backed Investors Corp Delaware
Bear Stearns Asset Backed Securities, Inc. Delaware
Bear Stearns Capital Markets Inc. Delaware
BSCGP Inc. Delaware
The BSC Employee Fund, L.P. Delaware
BSCP Cayman, Inc. Cayman Islands
Bear Stearns China SPC, Inc. Delaware
Bear Stearns China, L.P. Cayman Islands
Bear Stearns China Direct Investment Cayman Islands
Fund, L.P.
Bear Stearns Fiduciary Services, Inc. Delaware
Bear Stearns Finance S.A. France
CLBS Titrisation France
ABC Gestion France
Bear Stearns Financial Products Inc. Delaware
Bear Stearns Trading Risk Management Inc. Delaware
Bear Stearns Financial Technologies Inc. Delaware
Bear Stearns Forex Inc. Delaware
Bear Stearns Funds Management Inc. New York
Bear Stearns FLLC Corp. Delaware
Bear Stearns Finance LLC Cayman Islands
Bear Stearns Global Asset Holdings, Ltd. Cayman Islands
Bear Stearns Global Equity Derivatives Inc. Delaware
Bear Stearns Global Investors Inc. New York
Bear Stearns Government Products Corp. Delaware
Bear, Stearns Government Securities, Inc. New York
Gregory Properties Inc. Delaware
Subsidiaries of The Bear Stearns Companies Inc.
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Jurisdiction of
Incorporation
or Organization
---------------
Bear Stearns Holdings Limited United Kingdom
Bear, Stearns International Limited United Kingdom
Bear Stearns U.K. United Kingdom
Bear Stearns International Trading Limited United Kingdom
Bear Stearns Oil Trading Limited United Kingdom
Bear, Stearns Insurance Agency Incorporated Massachusetts
Bear Stearns Insurance Agency of California,
Incorporated California
Bear, Stearns International Holdings Inc. New York
Bear Stearns do Brasil Ltda. Brazil
Bear Stearns Far East Limited Hong Kong
Bear Stearns Hong Kong Limited Hong Kong
Bear Stearns Asia Limited Hong Kong
Bear Stearns Singapore Pte Limited Singapore
Bear Stearns Singapore Asset Holdings
Pte Ltd. Singapore
Bear Stearns Investment Advisors Inc. Delaware
Bear Stearns Irish Holdings Inc. Delaware
Bear Stearns (Israel), Inc. Delaware
LIBOR Asset Securities, Inc. Delaware
Bear Stearns Mortgage Capital Corporation Delaware
Bear, Stearns Funding, Inc. Delaware
Bear Stearns Mortgage Securities Inc. Delaware
Bear Stearns Municipal Capital Markets Inc. Delaware
Bear, Stearns Netherlands Holding B.V. Netherland &
Delaware
Bear Stearns GmbH Germany
New Castle Holding, Inc. Delaware
Bear Stearns N. Y., Inc. New York
Bear Stearns Overseas Ltd. Cayman Islands
Bear Stearns Park Avenue Trading Corporation Delaware
Bear Stearns Philippines Ltd. Delaware
Bear Stearns State Asia, Inc. Philippines
Bear Stearns Real Estate Group Inc. New York
Bear, Stearns Realty Investors, Inc. Delaware
Bear Stearns Realty Partners Corporation Delaware
Bear Stearns Realty Partners Apartment
Fund I LP Delaware
Bear Stearns Secured Investors Inc. Delaware
Bear Stearns Secured Investors Inc. II Delaware
Bear Stearns Securities Administration
Corporation Delaware
Bear Stearns Spanish Securitization Corp. Delaware
Bear Stearns Structured Products Corp. Delaware
Bear Stearns Structured Securities Inc. Delaware
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Subsidiaries of The Bear Stearns Companies Inc.
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Jurisdiction of
Incorporation
or Organization
---------------
Bear, Stearns & Co. Inc. Delaware
Bear, Stearns Securities Corp. ("BSSC") Delaware
Common Back Office, Inc. Delaware
BSC Securities Corp. New York
Bear Stearns S.A. France
Bear Specialist, Inc. New York
Bear Hunter L. L. C. New York
Bear Stearns American Specialist Inc. New York
Bear, Stearns Benefits Planning Group Inc. Delaware
Bear Stearns Benefits Planning Group New York
Research Conversion Corp. Delaware
Status Securities Inc. New York
Bear Stearns Global Asset Trading, Ltd. Cayman Islands
Bear Stearns (Japan), Ltd. Delaware
Bear, Stearns & Co. L.P. New York
Bear TEL Corp. Delaware
BBT 1995-I Corp. Delaware
BS Agency GP Capital Inc. Delaware
BS Fund America 1993-C GP Capital Inc. Delaware
BS Fund America 1993-D GP Capital Inc. Delaware
BSC Hotel Capital Corporation New York
BSC Service Corp. Delaware
BSMSI 1993-12 Reserve Fund Corp. Delaware
BSTE Funding I Inc. Delaware
BSTE Funding II Inc. Delaware
BSTE Funding III Inc. Delaware
Bear Stearns Commercial Mortgage, Inc. New York
Bear, Stearns Commercial Mortgage
Securities Inc. Delaware
Custodial Trust Company New Jersey
CTC Services, Inc. New York
Custrust (Nominee) New Jersey
EMC Mortgage Corporation Delaware
EMC GP Capital Inc. Delaware
EMC Funding Corporation Delaware
EMC Funding Corporation Two Delaware
EMC Residential Mortgage Corporation Delaware
ISB Real Estate Corporation Delaware
AMC Real Estate Inc. Texas
MAX Recovery Inc. Delaware
MAX Flow Corp. Delaware
Thanksgiving Properties, Inc. Texas
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