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

Callaway Golf Korea, Ltd.                                        Korea