1
                                                                    EXHIBIT 21.1

TransWestern Holdings L.P. Subsidiaries:



NAME OF SUBSIDIARY                       STATE OR OTHER JURISDICTION OF   NAMES UNDER WHICH SUCH
                                         INCORPORATION OR ORGANIZATION    SUBSIDIARY DOES BUSINESS
- ------------------------------------     ------------------------------   ------------------------
                                                                    
TWP Capital Corp.                                    Delaware                          n/a
TransWestern Publishing Company LLC                  Delaware                          n/a




TransWestern Publishing Company LLC Subsidiaries:




NAME OF SUBSIDIARY                       STATE OR OTHER JURISDICTION OF   NAMES UNDER WHICH SUCH
                                         INCORPORATION OR ORGANIZATION    SUBSIDIARY DOES BUSINESS
- ------------------------------------     ------------------------------   ------------------------
                                                                    
TWP Capital Corp. II                                 Delaware                          n/a