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                                                                      EXHIBIT 21


1.   Spectrum Integrated Services, Inc. d/b/a Software Spectrum Technology
     Services Group

2.   Software Spectrum Limited

3.   Software Spectrum Holdings Pty, Ltd.

4.   Software Spectrum (UK) Ltd.

5.   Software Spectrum B.V.

6.   Software Spectrum Canada, Ltd.

7.   Software Spectrum GmbH

8.   Integrated Leasing Services, Inc.

9.   Software Spectrum Services B.V.