EXHIBIT 21
Subsidiaries of Xerox Corporation
The following companies are subsidiaries of Xerox Corporation as of June 13,
2002. A subsidiary is a company in which Xerox Corporation or a subsidiary of
Xerox Corporation holds 50% or more of the voting stock. The names of a number
of other subsidiaries have been omitted as they would not, if considered in the
aggregate as a single subsidiary, constitute a significant subsidiary:
Name of Subsidiary Incorporated In
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AMTX, Inc. Delaware
Bradley Company Ohio
Carmel Valley, Inc. Delaware
Chrystal Software, Inc. Delaware
ContentGuard Holdings, Inc. Delaware (17)
ContentGuard, Inc. Delaware
Copicentro N.V. Netherlands Antilles
FairCopy Services Inc. Canada
Fourth Xerox Receivables LLC Delaware
GroupFire, Inc. California
Gyricon Media Inc. Delaware (19)
IGHI, Inc. Delaware
Xerox Global Services Limited United Kingdom
Delphax Systems (UK) Limited United Kingdom
Delphax Systems GmbH Germany
Delphax Systems OY Finland
InConcert, Inc. Delaware
Infotonics Technology Center Inc. New York (20)
Institute for Research on Learning Delaware
Intelligent Electronics, Inc. Pennsylvania
Intellinet, Ltd. Pennsylvania
RNTS, Inc. Colorado
Xerox Connect, Inc. Pennsylvania
InXight Software, Inc. Delaware
Inxight UK Limited United Kingdom
Jeremiad Co. Delaware
Kapwell Holdings, Ltd. Bermuda
Proyectos Inverdoco, C.A. Venezuela
Xerox de Venezuela, C.A. Venezuela (6)
Leeroit S.A. Ecuador
LiveWorks, Inc. Delaware
Low-Complexity Manufacturing Group, Inc. Delaware
New PARC LLC Delaware
Pacific Services and Development Corporation Delaware
Inversiones San Simon, S.A. Venezuela
Estacionamiento Bajada III, C.A. Venezuela
PageCam, Inc. Delaware
Palo Alto Research Center Incorporated Delaware
PixelCraft, Inc. Delaware
Securities Information Center, Inc. Delaware
SCC Burton Corporation Delaware
79861 Ontario Inc. Ontario
TEPC, LLC Delaware (18)
Terabank Systems, Inc. Delaware
The Xerox Foundation Delaware
Third Xerox Receivables LLC Delaware
Uppercase, Inc. Delaware
Via Xerox Relocation Company, Inc. New York
XDI, Inc. Delaware
Xerox Antilliana N.V. Netherlands Antilles
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Xerox Antilliana (Aruba) N.V. Aruba
Xerox Antilliana (St. Maarten) N.V. Netherlands Antilles
Xerox Argentina, I.C.S.A. Argentina
Xerox Canada Capital Ltd. Canada
Xerox Canada Inc. Ontario
832667 Ontario Inc. Ontario
1192990 Ontario Inc. Ontario
1324029 Ontario Inc. Ontario
1343175 Ontario Inc. Ontario
Xerox (Barbados) SRL Barbados (16)
Xerox (Barbados) Leasing SRL Barbados
Xerox Business Centre (Ireland) Limited Ireland
Xerox Electronic (Ireland) Limited Ireland
Xerox Finance (Luxembourg) Sarl Luxembourg
Xerox Hardware (Ireland) Limited Ireland
Xerox Toner (Ireland) Limited Ireland
Xerox Canada Acceptance Inc. Canada
Xerox Canada Facilities Management Ltd. Ontario
Xerox Canada Finance Inc. Ontario
Xerox Canada Ltd. Canada (5)
965905 Alberta Ltd. Alberta
Xerox Canada Manufacturing & Research Inc. Ontario
Xerox Capital, LLC Turks & Caicos
Islands (10)
Xerox Capital Management LLC Delaware
Xerox Investment Management LLC Delaware
Xerox Capital de Mexico, S.A. de C.V. Mexico
Xerox Capital Services LLC Delaware
Xerox Capital Trust I Delaware (12)
Xerox Capital Trust II Delaware
Xerox de Chile S.A. Chile
Xerox de Colombia S.A. Colombia
Xerox Color Printing, Inc. Delaware
Xerox ColorgrafX Systems, Inc. California
Xerox de Costa Rica, S.A. Costa Rica
Xerox Developing Markets Limited Bermuda
Sidh Securities Limited Mauritius
Xerox Dominicana, C. por A. Dominican Republic
Xerox del Ecuador, S.A. Ecuador
Xerox de El Salvador, S.A. de C.V. El Salvador
Xerox Export, LLC Delaware
Xerox Finance, Inc. Delaware
Xerox (Austria) Holdings GmbH Austria
Xerox Investments Holding (Bermuda) Limited Bermuda
Xerox Financial Services, Inc. Delaware
Ridge Reinsurance Limited Bermuda
Talegen Holdings, Inc. Delaware
Apprise Corp. New Jersey
Talegen Properties, Inc. Delaware
VRN Inc. Delaware
Xerox Credit Corporation Delaware
Fifth XCC Receivables LLC Delaware
Second XCC Receivables LLC Delaware
XCC Receivables LLC Delaware
Xerox Foreign Sales Corporation Barbados
Xerox Funding Corporation Delaware
Xerox Funding LLC II Delaware
Xerox de Guatemala, S.A. Guatemala
XGUA Servicios, Ltda. Guatemala
Xerox d'Haiti, S.A. Haiti
Xerox de Honduras, S.A. Honduras
Xerox Holding LLC Delaware
Xerox Equipment LLC Delaware
Xerox Funding LLC Delaware
Xerox Equipment Lease Owner Trust 2001-1 Delaware
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Xerox Imaging Systems, Inc. Delaware
Xerox International Joint Marketing, Inc. Delaware
Xerox International Partners California (11)
Xerox International Realty Corporation Delaware
Xerox Canada Realty Inc. Ontario (3)
Xerox Investments Europe B.V. Netherlands
Xerox Holdings (Ireland) Limited Ireland
Xerox (Europe) Limited Ireland
Bipolar Limited Ireland
Xerox Channels Limited Ireland
Xerox Ink Jet (Ireland) Limited Ireland
Xerox Ink Tanks (Ireland) Limited Ireland
Xerox XF Holdings (Ireland) Limited Ireland
Xerox Finance (Ireland) Limited United Kingdom
Xerox Leasing Ireland Limited Jersey
Xerox Israel Ltd. Israel
Xerox UK Holdings Limited United Kingdom
Triton Business Finance Limited United Kingdom
Xerox Engineering Systems Europe Limited United Kingdom
Xerox Research (UK) Limited United Kingdom
Xerox Trading Enterprises Limited United Kingdom
Xerox Overseas Holdings Limited United Kingdom
Xerox Business Equipment Limited United Kingdom
Xerox Computer Services Limited United Kingdom
Xerox Mailing Systems Limited United Kingdom0
Xerox Capital (Europe) plc United Kingdom (14)
XRO Limited United Kingdom
Nemo (AKS) Limited United Kingdom
XRI Limited United Kingdom
RRXH Limited United Kingdom (13)
RRXO Limited United Kingdom
RRXIL Limited United Kingdom (7)
Xerox Holding (Nederland) B.V. Netherlands
Xerox Manufacturing (Nederland) B.V. Netherlands
Xerox Office Printing Distribution B.V. Netherlands
Xerox XHB Limited Bermuda (7)
Xerox XIB Limited Bermuda (7)
Xerox Limited United Kingdom (7)
City Paper Limited United Kingdom
Continua Limited United Kingdom
Continua S.A. France
Continua Sanctum Limited United Kingdom
Mitcheldean Enterprise Workshops Limited United Kingdom
NV Xerox Credit S.A. Belgium
NV Xerox Management Services S.A. Belgium
N.V. Xerox S.A. Belgium
The Xerox (UK) Trust United Kingdom
Westbourne Limited United Kingdom
Xerox AB Sweden
RE Forvaltning AB Sweden
Amanuens Document AB Sweden
Xerox AG Switzerland
Xerox Office Supplies AG Switzerland
Xerox A/S Denmark
Xerox Finans Denmark
Xerox AS Norway
Xerox Austria GmbH Austria
Xerox Business Services GmbH Austria
Xerox Leasing GmbH Austria
Xerox Office Supplies GmbH Austria
Xerox Beograd d.o.o. Yugoslavia
Xerox Bulgaria Bulgaria
Xerox Buro Araciari Ticaret ve Servis A.S. Turkey
Xerox Channels Limited United Kingdom
Xerox (C.I.S.) LLC Russia
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Xerox Credit AB Sweden
XEROX CZECH Republic s r.o. Czech Republic
Xerox Direct Rhein-Main GmbH Germany
Xerox Espana-The Document Company, S.A.U. Spain
Xerox Renting S.A.U. Spain
Xerox de Financiacion S.A.U., E.F.C. Spain
Xerox Office Supplies S.A.U. Spain
Xerox Exports Limited United Kingdom
Xerox Fabricacion S.A.U. Spain
Xerox Finance AG Switzerland
Xerox Finance (Nederland) BV Netherlands
Xerox GmbH Germany
Xerox Dienstleistungsgesellschaft GmbH Germany
Xerox Leasing Deutschland GmbH Germany
Xerox Office Printing GmbH Germany
Xerox Reprographische Services GmbH Germany
Xerox Service GmbH Germany100
Xerox Hellas AEE Greece
Xerox Hungary Ltd Hungary
Xerox (Ireland) Limited Ireland
Xerox Leasing (Europe) Limited United Kingdom
Xerox Modicorp Ltd India (9)
Xerox (Nederland) BV Netherlands
"Veco" Beheer Onroerend Goed BV Netherlands
Xerox Document Supplies BV Netherlands
Xerox Rentalease BV Netherlands
Xerox Services BV Netherlands
Xerox (Nigeria) Limited Nigeria
Xerox Office Printing S.A.S France
Xerox Oy Finland
Asunto Oy Kristiinanvalli Finland
Xerox Pensions Limited United Kingdom
Xerox Polska Sp.zo.o Poland
Xerox Portugal Equipamentos de Escritorio, Limitada Portugal
CREDITEX - Aluguer de Equipamentos S.A. Portugal
Xerox Professional Services Limited United Kingdom
Xerox (Romania) Echipmante Si Servici S.A. Romania
Xerox (Romania) SRL Romania
Xerox Slovenia d.o.o. Slovenia
Xerox South Africa (Proprietary) Limited South Africa
Ithuba Lethy Xerox (Pty) Limited South Africa
Koerikai Xerox (Pty) Ltd. South Africa
Laser Facilities (Proprietary) Limited South Africa
Letlapa Xerox (Pty) Ltd. South Africa
University Document Management
Services (Proprietary) Limited South Africa
Xerox S.p.A. Italy
Xerox Noleggi S.p.A. Italy
Xerox Telebusiness GmbH Germany
Xerox - THE DOCUMENT COMPANY S.A.S. France
Burofinance S.A. France
Xerobail S.A. France
Xerox Document Services SNC France
Set Electronique SA France
SCI Hieroglyphe France
Set Belgium (EPC) Belgium
Set Engineering SA France
Set Italia Italy
Set R&D Belgium (EES) Belgium
Set UK Limited United Kingdom
Xerox Business Services SNC France
Xerox Document Supplies SNC France
Xerox (UK) Limited United Kingdom
Bessemer Trust Limited United Kingdom
Inserco Manufacturing Limited United Kingdom
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Xerox Finance Limited United Kingdom
Xerox Office Supplies Limited United Kingdom
Xerox (R & S) Limited United Kingdom
Xerox (Ukraine) Ltd LLC Ukraine
Xexco Trading Limited United Kingdom
Xerox West Africa Limited United Kingdom
Xerox (Jamaica) Limited Jamaica
Xerox Latinamerican Holdings, Inc. Delaware
Xerox Lease Funding LLC Delaware
Xerox Lease Equipment LLC Delaware
Xerox Mexicana, S.A. de C.V. Mexico
Xerox Middle East Investments (Bermuda) Limited Bermuda
Bessemer Insurance Limited Bermuda
Reprographics Egypt Limited Egypt
Xerox Egypt S.A.E. Egypt
Xerox Finance Leasing S.A.E. Egypt
Xerox Equipment Limited Bermuda
Xerox Maroc S.A. Morocco (2)
Xerox Products Limited Bermuda
Xerox de Nicaragua, S.A. Nicaragua
Xerox de Panama, S.A. Panama
Xerox del Paraguay SRL Paraguay
Xerox Participacoes Ltda. Brazil
Xerox do Brasil Ltda. Brazil
Astor Administracao De Bens e Participacoes Ltda. Brazil (1)
Centro de Desenvolvimiento de Sistemas de Vitoria S/A Brazil
J.D.R. Vitoria Equipamentos S.A. Brazil
Xerox Comercio e Industria Ltda Brazil
Modern High Tech Web SA Brazil
Xerox Desenvolvimento de Sistemas
e de Technologia Ltda Brazil
Xerox del Peru, S.A. Peru
Xerox Real Estate Services, Inc. New York
Xerox Realty Corporation Delaware
Lansdowne Residential LLC Virginia
Xerox Realty Corp. (California) California
XRC Realty Corp. West California
Xerox Servicios Tecnicos, C.A. Venezuela
Xerox Special Holding LLC Delaware
Xerox Special Funding LLC Delaware
Xerox Special Equipment LLC Delaware
Xerox Trinidad Limited Trinidad
Xerox Uruguay S.A. Uruguay
Xerox Zona Libre, S.A. Panama
XESystems, Inc. Delaware
XE Holdings, Inc. Delaware
Xerox Engineering Systems AG Switzerland
Xerox Engineering Systems Espanola SA Spain
Xerox Engineering Systems SpA Italy
Xerox Engineering Copy Systems Suzhou Co. Ltd. Japan
Xerox Engineering Systems B.V. Netherlands
Xerox Engineering Systems GmbH Germany
Xerox Engineering Systems N.V. Belgium
Xerox Engineering Systems S.A. France
XESystems Canada Inc. Ontario
XESystems Foreign Sales Corporation Barbados
XESystems UK Limited United Kingdom
Xerox Engineering Systems Limited United Kingdom
Xtended Memory Systems California
(1) Owned 80.8% by Xerox do Brasil, Ltda. and 19.2% by Xerox (Barbados)
SRL and 2 shares by Carlos A. Salles.
(2) Owned 50.01% by IXEM and 49.98% by RXIL.
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(3) 1,000 shares held by Xerox Canada Inc. and 9,000 shares held by Xerox
International Realty Corporation.
(4) Owned 15% by Fuji Xerox Limited and 85% by McCarthy, Crisanti & Maffei.
(5) Owned 65% by Xerox Canada Inc. and 35% by Xerox Canada Finance Inc.
(6) Owned 36.75% by Kapwell, Ltd., 50% by Xerox Servicios Tecnicos, C.A.,
and 13.25% by Inversiones San Simon, S.A
(7) Includes indirect holdings.
(8) Owned 90% by Fuji Xerox Co. Ltd. and 10% by Xerox (China) Limited.
(9) Owns 50% plus one share.
(10) Owned 99.9% by Xerox Corporation and .1% by Pacific Services and
Development Corporation, a wholly-owned subsidiary of Xerox Corporation.
(11) Xerox International Partners is a California general partnership between
FX Global, Inc. (49%) and Xerox International Joint Marketing, Inc. (51%).
(12) Xerox Capital Trust I is a Delaware statutory business trust which is
100% beneficially owned by Xerox Corporation. The Trust is a special
purpose financing vehicle.
(13) 50% owned by XRI Limited.
(14) Owned 99% by Xerox Overseas Holdings Limited and 1% by Mitcheldean
Enterprise Workshops Limited as nominee for Xerox Overseas Holdings
Limited.
(15) Owned 64.29% by Fuji Xerox Co., Ltd. and 35.71% by Fuji Xerox Asia
Pacific Pte Ltd.
(16) Owned 88.27% by Xerox Canada Inc. and 11.73% by Xerox Corporation.
(17) Owned 75% by Xerox Corporation and 25% by Microsoft Corporation.
(18) Owned 65% by Xerox Corporation and 35% by e-PaperSign, LLC.
(19) Owned 50% by Xerox Corporation and 50% by e-PaperSign, LLC.
(20) This a not-for-profit corporation which will act as a research and
development consortium of businesses and universities. The initial
members are Xerox, Corning, Kodak, University of Rochester, RIT and
Cornell.
(21) Owned 10% by Fuji Xerox Co., Ltd. and 9% by Fuji Xerox Office
Supply Co., Ltd.
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