EXHIBIT 21.1 ------------ SUBSIDIARIES OF CALLAWAY GOLF COMPANY ------------------------------------- NAME JURISDICTION OF FORMATION ---- ------------------------- Callaway Golf Sales Company California Callaway Golf Ball Company California CGV, Inc. California Callaway Golf (Germany) GmbH Germany Callaway Golf Trading GmbH Germany (owned 80% by Callaway Golf (Germany) GmbH Callaway Golf (UK) Limited United Kingdom ERC International Company Japan