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                                                                     EXHIBIT 21



ENTITY*                                         STATE OF FORMATION

BOSSIER FUNDING, INC.                           DELAWARE 

CENTURY PLAZA, INC.                             DELAWARE 

CHAMPAIGN MARKET PLACE, INC.                    DELAWARE 

EAGLE RIDGE MALL, INC.                          DELAWARE 

EDEN PRAIRIE MALL, INC.                         DELAWARE 

FALLBROOK SQUARE, INC.                          DELAWARE 

GENERAL GROWTH FINANCE SPE, INC.                DELAWARE 

GGP IVANHOE, INC.                               DELAWARE 

GGP LIMITED PARTNERSHIP                         DELAWARE 

GGP-LAKEVIEW SQUARE, INC.                       DELAWARE 

GGP-LANSING MALL, INC.                          DELAWARE 

GGP-NATICK TRUST                                MASSACHUSETTS

GGP-WESTWOOD MALL, INC.                         DELAWARE 

GRANDVILLE MALL, INC.                           DELAWARE 

OAKS MALL GAINESVILLE II, INC.                  DELAWARE 

OKLAHOMA MALL, INC.                             DELAWARE 

PIERRE BOSSIER MALL, INC.                       DELAWARE 

SOUTHLAKE MALL, INC.                            DELAWARE 

TOWN EAST MALL, INC.                            DELAWARE 

TRACY MALL, INC.                                DELAWARE 

VALLEY HILLS MALL, INC.                         DELAWARE 

WESTROADS MALL II, INC.                         DELAWARE 







*    Does not include entities in which the Company has only a minority 
     interest or in which the Company holds securities other than common stock.