EXHIBIT 8.1
<Table>
<Caption>
SUBSIDIARY JURISDICTION
- ---------- ------------
1085974 Ontario Limited........... Canada
225 Liberty Advisors L.P. ........ Delaware
38 Opera.......................... France
48 ND Victoire.................... France
5, rue Villebois Mareuil.......... France
5557 Greens Farm, LLC............. Connecticut
A.D.I.C. ......................... Colombia
A.G.L. ........................... Laos
A.V.F. ........................... Belgium
AAAM.............................. France
AB Industriebesitz und
Beteiligungen AG & Co. KG....... Germany
Achte Herakles Beteiligungs-
Gesellschaft mbH & Co. KG....... Germany
ACM-Compagnie Mercur
Aktiengesellschaft.............. Germany
ACN 000 335 802 Limited........... Australia
Activim........................... France
Adriatica de Seguros C.A. ........ Venezuela
ADVANCE Bank AG................... Germany
Advance Holding AG................ Germany
ADVANCE PRIVATE FINANCE AG........ Germany
Aeneas Verwaltungsgesellschaft
mbH............................. Germany
AFORE Allianz Dresdner S.A. ...... Mexico
AGF 2X............................ France
AGF Administracao................. Brazil
AGF Allianz Argentina Generales... Argentina
AGF Allianz Argentina Vida........ Argentina
AGF Allianz South America......... Brazil
AGF Asia.......................... Singapore
AGF Asset Management.............. France
AGF Assurances Financieres........ France
AGF Assurfinance.................. France
AGF AZ Chile Vida................. Chile
AGF AZ Chile Generales............ Chile
AGF Belgium Bank.................. Belgium
AGF Belgium Holding............... Belgium
AGF Belgium Insurance............. Belgium
AGF Benelux....................... Luxembourg
AGF Boieldieu..................... France
AGF Brasil Seguros................ Brazil
AGF Brasil Vida................... Brazil
AGF Chile......................... Chile
AGF do Brasil..................... Brazil
AGF Favart........................ France
</Table>
<Table>
<Caption>
SUBSIDIARY JURISDICTION
- ---------- ------------
AGF Finance Distribution.......... France
AGF Financement 2................. France
AGF Holding....................... France
AGF Holdings UK................... Great Britain
AGF Horizon Retraite 2010-2011.... France
AGF Horizon Retraite 2012-2013.... France
AGF Horizon Retraite 2014-2015.... France
AGF Horizon Retraite 2016-2017.... France
AGF Horizon Retraite 2018......... France
AGF Immobilier.................... France
AGF Indonesia..................... Indonesia
AGF Informatique.................. France
AGF Insurance..................... Great Britain
AGF International SARL............ France
AGF International................. France
AGF Inversiones................... Argentina
AGF INVEST........................ France
AGF La Lilloise................... France
AGF Life Luxembourg............... Luxembourg
AGF Private Equity................ France
AGF Projet Management............. Great Britain
AGF RAS Holding BV................ Netherland
AGF Re Luxembourg................. Luxembourg
AGF Retraite...................... France
AGF Richelieu..................... France
AGF Saint-Marc.................... France
AGF Saude......................... Brazil
AGF-M.A.T. ....................... France
AGIS Allianz Gesellschaft fur
Informatik Service mbH.......... Germany
Agricola San Felice S.p.A. ....... Italy
AI II Industriebesitz und
Beteiligungen Isar-Amperwerke AG
& Co. OHG....................... Germany
AI Industriebesitz und
Beteiligungen Isar-Amperwerke AG
& Co. OHG....................... Germany
Aiolos
Vermogensverwaltungsgesellschaft
mbH............................. Germany
Ajax Insurance Holdings Limited... Great Britain
Akkermans van Elten assurantien
BV.............................. Netherland
Akkermans van Elten Financiele
Diensten B.V. .................. Netherland
Akkermans Van Elten Holding BV.... Netherland
Alba Allgemeine Versicherungs-
Gesellschaft.................... Switzerland
</Table>
<Table>
<Caption>
SUBSIDIARY JURISDICTION
- ---------- ------------
Albertini & C. SGR pA (vormals A.
D. Gestioni SGR pA)............. Italy
Alico-Beteiligungsgesellschaft
mbH............................. Germany
Alida Grundstucksverwaltungs
GmbH............................ Germany
ALLAGO AG......................... Germany
Allianz Australian (Run-Off)
Limited......................... Australia
Allianz (Canadian) Insurance
Management...................... Canada
Allianz (UK) Ltd. ................ Great Britain
Allianz ABS Fonds................. Germany
Allianz Asset Management (Ltd.)... China
Allianz Asset Management
(Singapur) Limited.............. Singapore
Allianz Asset Management Asia
Pacific GmbH.................... Germany
Allianz Asset Management Ltd. .... Australia
Allianz Asset Management of
America LLC..................... Delaware
Allianz Asset Management U.S.
Equities LLC.................... Delaware
Allianz Asset Management.......... Switzerland
Allianz Australia Workers
Compensation (Victoria)
Limited......................... Australia
Allianz Australia Advantage
Ltd. ........................... Australia
Allianz Australia Finance Holdings
Pty Ltd......................... Australia
Allianz Australia Insurance
Limited......................... Australia
Allianz Australia International
Limited......................... Australia
Allianz Australia Limited......... Australia
Allianz Australia Services Pty
Limited......................... Australia
Allianz Australia Workers
Compensation (NSW) Limited...... Australia
Allianz Australia Workers
Compensation (SA) Limited....... Australia
Allianz Bauspar AG................ Germany
Allianz BRAG Fonds................ Germany
Allianz Bulgaria Holding Company
Ltd. ........................... Bulgarien
Allianz Bulgaria Insurance and
Reinsurance Company Ltd. ....... Bulgarien
Allianz Bulgaria Life Insurance
Company Ltd. ................... Bulgarien
Allianz Bulgaria Pension Assurance
Company Ltd. ................... Bulgarien
Allianz Capital Partners GmbH..... Germany
Allianz Cash Pool LLC............. Delaware
Allianz Center Management GmbH
(ACM)........................... Germany
</Table>
<Table>
<Caption>
SUBSIDIARY JURISDICTION
- ---------- ------------
Allianz Compagnia Italiana
Finanziamenti S.p.A. ........... Italy
Allianz Compania de Seguros y
Reaseguros S.A. ................ Spain
Allianz Dazhong Life Insurance
Company Ltd. ................... China
Allianz Dresdner Asset Management
Deutschland GmbH................ Germany
Allianz Dresdner Asset Management
GmbH............................ Germany
Allianz EFU Health Insurance
Ltd............................. Pakistan
Allianz Elementar
Lebensversicherungs-
Aktiengesellschaft.............. Austria
Allianz Elementar Versicherungs-
Aktiengesellschaft.............. Austria
Allianz Europe Finance II N.V. ... Netherland
Allianz Europe Ltd. .............. Netherland
Allianz Far East Holding GmbH..... Germany
Allianz Finance B.V. ............. Netherland
Allianz Finance II B.V. .......... Netherland
Allianz Finance S.A. ............. Greece
Allianz Finance S.A. ............. Luxembourg
Allianz Finanzbeteiligungs GmbH... Germany
Allianz Fire and Marine Insurance
Japan Ltd. ..................... Japan
Allianz First Life Insurance Co.
Ltd. ........................... South Korea
ALLIANZ FRANCE.................... France
Allianz General Insurance Company
S.A. ........................... Greece
Allianz GLA Fonds................. Germany
Allianz Global Risks
Ruckversicherungs-AG............ Germany
Allianz Globus MAT Versicherungs-
Aktiengesellschaft.............. Germany
Allianz GLR Fonds................. Germany
Allianz Greek Mutual Fund
Management Co. S.A. ............ Greece
Allianz Holdings Ireland.......... Ireland
Allianz Hungaria Biztosito Rt. ... Hungaria
Allianz Immobilien GmbH........... Germany
Allianz Informatik
Beteiligungsgesellschaft mbH.... Germany
Allianz Insurance (Hong Kong)
Limited......................... China
Allianz Insurance Company of
Canada.......................... Canada
Allianz Insurance Company of
Singapore Pte. Ltd. ............ Singapore
Allianz Insurance Company......... California
Allianz Insurance Holding Company
GmbH............................ Germany
</Table>
<Table>
<Caption>
SUBSIDIARY JURISDICTION
- ---------- ------------
Allianz Insurance Investments Pty
Ltd............................. Australia
Allianz Insurance Limited......... South Africa
Allianz Insurance Management Asia
Pacific Pte. Ltd. .............. Singapore
Allianz Insurance of Namibia
Ltd. ........................... Namibia
Allianz Invest Kapitalanlage
GmbH............................ Austria
Allianz Investment Bank AG
(A.I.B.)........................ Austria
Allianz Irish Life Holdings
p.l.c. ......................... Ireland
Allianz Kapitalanlagegesellschaft
mbH............................. Germany
Allianz Lebensversicherung
(Schweiz) AG.................... Switzerland
Allianz Lebensversicherungs-AG.... Germany
Allianz Life Insurance Company of
North America................... Minnesota
Allianz Life Insurance Company
S.A. ........................... Greece
Allianz Marketing................. Minnesota
Allianz Mexico S.A. Compania de
Seguros......................... Mexico
Allianz MRD Fonds................. Germany
Allianz of America Corp. ......... New York
Allianz of America, Inc. ......... Delaware
Allianz of Asia-Pacific and Africa
GmbH............................ Germany
Allianz of Canada, Inc. .......... Canada
Allianz of South Africa
(Proprietary) Ltd. ............. South Africa
Allianz Osteuropa
Vermogensverwaltungsgesellschaft
mbH............................. Germany
Allianz Parkway Integrated Care
Pte Ltd......................... Singapore
Allianz Pensionskasse AG.......... Austria
Allianz Pensionskasse............. Germany
Allianz PIMCO Asset Management
GmbH............................ Germany
Allianz poistovna a.s. ........... Slowakia
Republic
Allianz pojist'ovna a.s. ......... Czech Republic
Allianz President General
Insurance....................... Taiwan
Allianz President Life
Insurance....................... Taiwan
Allianz Private Equity GmbH....... Germany
Allianz Re Dublin Ltd. ........... Ireland
Allianz Real Estate Corporation... Delaware
Allianz Rentas Vitalicias......... Mexico
Allianz Risk Consultants Inc. .... California
Allianz Risk Transfer (Bermuda)
Ltd. ........................... Bermuda
Allianz Risk Transfer Ltd. ....... South Africa
</Table>
<Table>
<Caption>
SUBSIDIARY JURISDICTION
- ---------- ------------
Allianz Risk Transfer N.V. ....... Netherland
Allianz Risk Transfer............. New York
Allianz Risk Transfer............. Switzerland
Allianz Subalpina Societa di
Assicurazioni e Riassicurazioni
S.p.A. ......................... Italy
Allianz Suisse
Lebensversicherungs-
Gesellschaft.................... Switzerland
Allianz Suisse Versicherungs-
Gesellschaft.................... Switzerland
Allianz Technical Service Inc. ... Delaware
Allianz Tiriac Insurance S.A. .... Romania
Allianz Underwriters Insurance
Company......................... California
Allianz Venture Partners
Beteiligungs-GmbH............... Germany
Allianz Venture Partners GmbH..... Germany
Allianz Vermogens-Bank AG......... Germany
Allianz Versicherung (Schweiz)
AG.............................. Switzerland
Allianz Versicherungs Asset
Management GmbH................. Germany
Allianz Versicherungs-AG.......... Germany
Allianz VKBR-Fonds................ Germany
Allianz VLBR-Fonds................ Germany
Allianz VRA Fonds................. Germany
Allianz VSA Fonds................. Germany
Allianz VSR Fonds................. Germany
Allianz VVB Fonds................. Germany
Allianz Woningen B.V. ............ Netherland
Allianz Worldwide Care............ Ireland
Allianz Zagreb d.d. .............. Croatia
Allianz ZB d.o.o. Company for the
Management of an Obligatory
Pension Fund.................... Croatia
Allianz Zentrum fur Technik GmbH.. Germany
Allianz-ALD-Fonds................. Germany
Allianz-ALIK-Fonds................ Germany
Allianz-AVM-B-Fonds............... Germany
Allianz-BRD-Fonds................. Germany
Allianz-DESTO-AR-Fonds............ Germany
Allianz-DESTO-Fonds............... Germany
Allianz-DGD-Fonds................. Germany
Allianz-DRD-Fonds................. Germany
Allianz-EAI-Fonds................. Germany
Allianz-EFI-1-Fonds............... Switzerland
Allianz-FAD-Fonds................. Germany
Allianz-FRD-Fonds................. Germany
Allianz-HAI-1-Fonds............... Germany
Allianz-HGI-1-Fonds............... Germany
</Table>
<Table>
<Caption>
SUBSIDIARY JURISDICTION
- ---------- ------------
Allianz HME 1 Fonds............ Germany
Allianz Invest Spezial 2....... Austria
Allianz Invest Spezial 3....... Austria
Allianz LAD Fonds............... Germany
Allianz LBR Fonds............... Germany
Allianz LFE Fonds............... Germany
Allianz LRD Fonds AZLEB........ Germany
Allianz PAZ Fonds............... Germany
Allianz PV 1 Fonds............. Germany
Allianz RFG Fonds............... Germany
Allianz RMO 1 Fonds............ Germany
Allianz SAI Fonds............... Germany
Allianz SALCO Fonds............. Germany
Allianz SDR Fonds............... Germany
Allianz SOA Fonds............... Germany
Allianz SWAG Fonds.............. Germany
Allianz UGD 1 Fonds (UPR)...... Germany
Allianz VAD Fonds............... Germany
Allianz VAE Fonds............... Germany
Allianz VGI 1 Fonds (UPR)...... Germany
Allianz VGL Fonds............... Germany
Allianz VVR Fonds............... Germany
Allianz-PacLife Partners LLC...... Delaware
Allianz-RAS Tutela Giudiziaria
S.p.A. ......................... Italy
American Automobile Insurance
Company......................... Missouri
American Credit Indemnity
Holding......................... New York
American Credit Indemnity
Services........................ Maryland
American Credit Indemnity......... Maryland
Antoniana Veneta Popolare
Assicurazioni S.p.A. ........... Italy
Antoniana Veneta Popolare Vita.... Italy
Aquila Beteiligungsgesellschaft
mbH............................. Germany
Aquila International Fonds...... Austria
Arab International Insurance
Company......................... Egypt
Arab International Life Company... Egypt
ARC Services...................... Great Britain
Arcalis........................... France
Ares-
Vermogensverwaltungsgesellschaft
mbH............................. Germany
Arlon............................. Luxembourg
ARSA BV........................... Netherland
Artemis Nominees Ltd.............. HongKong
AS Industriebesitz und
Beteiligungen Allianz
Versicherungs-AG & Co. OHG...... Germany
</Table>
<Table>
<Caption>
SUBSIDIARY JURISDICTION
- ---------- ------------
Assimediass S.r.l. ............... Italy
ASSISTANCE AND SERVICES
CORPORATION OF IRELAND
"A.S.C.I."...................... Ireland
Assistance, Courtage d'Assurance
et de Reassurance............... France
Associated Group Benefits Ltd. ... Canada
Associated Indemnity Corporation.. California
Association Program Managers,
Inc. ........................... Illinois
Assurance Finance Europe SA....... France
Assurance Vie et Prevoyance (AVIP
IARD) SA........................ France
Assurance Vie et Prevoyance (AVIP)
SA.............................. France
Assurances Federales BV........... France
Assurances Federales.............. France
Assurances Generales de France
Iart............................ France
Assurances Generales de France
Vie............................. France
Assurances Generales de France.... France
Athena Afrique.................... Ivory Coast
ATHENA ALTERNATIVE HOLDINGS L..... France
Athena Finance.................... France
Athena Gestion.................... France
Athena............................ France
Atropos
Vermogensverwaltungsgesellschaft
mbH............................. Germany
Auto Assist SARL.................. Thailand
Avance............................ Chile
Axioma............................ Cyprus
AZ Via Immo 3..................... France
AZ-Alico Beteiligungsgesellschaft
mbH & Co. KG.................... Germany
AZ-Aquila Beteiligungsgesellschaft
mbH & Co. KG.................... Germany
AZ-AVG Beteiligungsgesellschaft
mbH & Co. KG.................... Germany
AZ-BEW Beteiligungsgesellschaft
mbH & Co. KG.................... Germany
AZFunf Beteiligungsgesellschaft
mbH & Co. KG.................... Germany
Azienda Agricola Perolla
S.r.l. ......................... Italy
AZ-Lambda Beteiligungsgesellschaft
mbH & Co. KG.................... Germany
AZ-Leben Private Equity Fonds
GmbH............................ Germany
</Table>
<Table>
<Caption>
SUBSIDIARY JURISDICTION
- ---------- ------------
AZ-MPS Beteiligungsgesellschaft
mbH & Co. KG.................... Germany
AZ-Nona Beteiligungsgesellschaft
mbH & Co. KG.................... Germany
AZ-Quarta Beteiligungsgesellschaft
mbH & Co. KG.................... Germany
AZ-Regina Beteiligungsgesellschaft
mbH & Co. KG.................... Germany
AZ-SGD Private Equity Fonds
GmbH............................ Germany
AZ-SIE Beteiligungsgesellschaft
mbH & Co. KG.................... Germany
Banco AGF Bresil.................. Brazil
Banque AGF........................ France
BANQUE pour l'EUROPE SA EUROPA
BANK AG BANK for EUROPE Ltd..... Luxembourg
Bayerische Versicherungsbank AG... Germany
BD-Financial Management Ltd. ..... Ireland
Beleggingsmij. Buizerdln. ........ Netherland
Benfleet Nominees Ltd............. Great Britain
Berner Allgemeine Versicherungs-
Gesellschaft.................... Switzerland
Berner Lebensversicherungs-
Gesellschaft.................... Switzerland
Bernese Assicurazioni Compagnia
Italo-Svizzera di Assicurazioni
e Riassicurazioni S.p.A. ....... Italy
Bernese Assicurazioni Finanziaria
S.p.A........................... Italy
Bernese Vita Compagnia Italo-
Svizzera di Assicurazioni e
Riassicurazioni sulla Vita
S.p.A. ......................... Italy
BIC............................... Brazil
Bilan Service..................... France
BIS -- Beni Immobili Strumentali
S.r.l. ......................... Italy
Blom et VD AA..................... Netherland
BNP-Dresdner Bank (Polska) SA..... Poland
Borrowdale Nominees Ltd........... Great Britain
British Financial Union Ltd....... Great Britain
British Reserve Insurance Co.
Ltd. ........................... Great Britain
Bulgaria Net Co. Ltd. ............ Bulgarien
Bureau d'Expertises Despretz
S.A. ........................... Belgium
C. F. Beteiligungsgesellschaft
mbH............................. Germany
C.B.C. ........................... Belgium
Cadence Capital Management........ Delaware
Cadence Capital Mangement Inc. ... Delaware
Calypso........................... France
Camat............................. France
Camille Desmoulins................ France
</Table>
<Table>
<Caption>
SUBSIDIARY JURISDICTION
- ---------- ------------
Canada Brokerlink (Ontario)
Inc. ........................... Canada
Canada Brokerlink Inc. ........... Canada
Canadian American Financial Corp.
Ltd. ........................... Canada
CAP............................... France
Carquesel Ltd..................... Great Britain
CASBROKERS........................ Chile
Cathedral Limited................. Great Britain
Caywood Scholl Capital Management
LLC............................. Delaware
Cedit Europeen Allianz IRC SICAV
Global Aktien................... Luxembourg
Cerip France...................... France
Cerl SNC.......................... France
CFV Corporation................... California
Charlesworth Nominees Ltd......... Great Britain
Chicago Auto Insurance Service,
Inc. ........................... Illinois
Chicago Insurance Company......... Illinois
Church and General Insurance
p.l.c. ......................... Ireland
City of Westminster............... Great Britain
Club Marine (N.Z.) Ltd............ New Zealand
Club Marine Limited............... Australia
COBAC Services Belgium SA......... Belgium
Codinf Services................... France
Cofreph........................... France
Colombiana De Inversion........... Colombia
Colseguros Capitalizacion......... Colombia
Colseguros Generales S.A. ........ Colombia
Colseguros Vida S.A. ............. Colombia
Colserauto........................ Colombia
Combrook Pty Ltd.................. Australia
Commerce et Patrimoine............ France
Commercial Bank "Bulgaria Invest"
Company Ltd. ................... Bulgarien
Commerzbank LEBENCO Fonds....... Germany
Compagnia Europea d'Assicurazione
S.p.A. ......................... Italy
Compagnie d'Assurance de
Protection Juridique S.A. ...... Switzerland
Compagnie de Gestion et
Prevoyance...................... France
Compagnie Financiere Immobiliere
Lafayette "COFIL"............... France
Compagnie Financiere pour la
Realisation d'Operations
Immobilieres "COFIDIM".......... Great Britain
Companhia de Seguros Allianz
Portugal S.A. .................. Portugal
</Table>
<Table>
<Caption>
SUBSIDIARY JURISDICTION
- ---------- ------------
COMPANIA DE ASISTENCIA
SUDAMERICANA S.A. (CAS SA)...... Chile
COMPANY OF DUTCH INSURANCE
MANAGEMENT B.V. (CODIMA)........ Netherland
Comptoir des Entrepreneurs
Patrimoine...................... France
Comptoir Financier de Garantie
(C.F.G.)........................ France
Computer Equipment Rentals Ltd.... Great Britain
Consulenza Previdenziale
S.r.l. ......................... Italy
Coparc............................ France
Cornhill Equity Investments
Ltd. ........................... Great Britain
Cornhill Financial Management
Ltd. ........................... Great Britain
Cornhill France S.A. ............. France
Cornhill Insurance (Guernsey)
Ltd. ........................... Great Britain
Cornhill Insurance Company Pension
Fund Trustees Ltd. ............. Great Britain
Cornhill Insurance PLC............ Great Britain
Cornhill Investments Properties
Ltd. ........................... Great Britain
Cornhill Trustee (Guernsey)
Ltd. ........................... Great Britain
Cornhill Unit Trust Managers
Ltd. ........................... Great Britain
Corporate Secretaries (Jersey)
Ltd............................. Great Britain
Corporate Services (Guernsey)
Ltd............................. Great Britain
Corsetec.......................... Brazil
Credit Europeen Allianz IRC SICAV
Euro Aktien..................... Luxembourg
Credit Europeen Allianz IRC SICAV
Euro Renten..................... Luxembourg
Credit Europeen Allianz IRC SICAV
USD Aktien...................... Luxembourg
Credit Europeen Allianz IRC SICAV
USD Renten...................... Luxembourg
Credit General d'Assurances et de
Reassurance..................... Lebanon
CreditRas Assicurazioni S.p.A. ... Italy
CreditRas Vita S.p.A. ............ Italy
Crop Growers Corporation.......... Delaware
Crop Growers Insurance Services
Inc. ........................... Washington
DAD Transaktionsgesellschaft mbH.. Germany
Dazix Rentals Ltd................. Great Britain
dbi Euro Bond Portfolio........... Germany
dbi European Equity Portfolio..... Germany
dbi Global Bond Portfolio......... Germany
dbi Global Equity Portfolio....... Germany
DBI- AVM-Fonds.................... Germany
DBI-HK1-827-Fonds................. Germany
DBI-REAC-Fonds.................... Germany
</Table>
<Table>
<Caption>
SUBSIDIARY JURISDICTION
- ---------- ------------
dbi-Fonds AKAR.................... Germany
dbi-Fonds AKAS.................... Germany
dbi-Fonds AKAS Europa............. Germany
dbi-Fonds AKAS SC................. Germany
dbi-Fonds Ammerland............... Germany
dbi-Fonds BAF..................... Germany
dbi-Fonds BAG..................... Germany
dbi-Fonds DAV..................... Germany
dbi-Fonds DBLA.................... Germany
dbi-Fonds DF...................... Germany
dbi-Fonds Euroland................ Germany
dbi-Fonds First Choice............ Germany
dbi-Fonds Global Equity Q......... Germany
dbi-Fonds MAXIMILIAN.............. Germany
dbi-Fonds Ostfriesland............ Germany
dbi-Fonds WE...................... Germany
DDS Dresdner Direktservice GmbH... Germany
De Kempen......................... Netherland
DEGGO AG Generalunternehmung...... Switzerland
DEGI Deutsche Gesellschaft fur
Immobilienfonds mbH............. Germany
Deutsche Hyp Deutsche
Hypothekenbank Frankfurt-
Hamburg AG...................... Germany
Deutsche Lebensversicherungs-AG... Germany
Deutscher Investment Trust
O.O.O. ......................... Russian Republic
DEUTSCHER INVESTMENT-TRUST
Gesellschaft fur
Wertpapieranlagen mbH........... Germany
DFV Deutsche Fonds- und
Vorsorgeberatungs GmbH.......... Germany
Diamant Assurances................ France
Dimensione S.R.L.................. Italy
DirecDial Financial Services
Limited......................... Australia
DIT Vereinte Renditefonds......... Germany
DKB EIF Group LLC................. Delaware
Dog Breeder Insurance Company
Ltd. ........................... Great Britain
Domestic Insurance Services
Ltd. ........................... Great Britain
DORANA Dreiundvierzigste
Verwaltungsgesellschaft mbH..... Germany
Dr. Lubke GmbH.................... Germany
DreCan Holding Ltd................ Canada
Drechsel Beleggingen BV........... Netherland
DREGIS Dresdner Global IT-
Services Gesellschaft mbH....... Germany
Dresdner Asset Management
(Germany) GmbH.................. Germany
Dresdner Asset Management (Taiwan)
Ltd............................. Taiwan
</Table>
<Table>
<Caption>
SUBSIDIARY JURISDICTION
- ---------- ------------
Dresdner Asset Management (UK)
Ltd............................. Great Britain
Dresdner Asset Management Ireland
Ltd. ........................... Ireland
Dresdner Asset Management Ltd..... Singapore
Dresdner Bank (Hungaria) Rt. ..... Hungaria
Dresdner Bank (Ireland) plc....... Ireland
Dresdner Bank (Schweiz) AG........ Switzerland
Dresdner Bank AG.................. Germany
Dresdner Bank Berlin Immobilien-
Service GmbH.................... Germany
Dresdner Bank Brasil SA Banco
Multiplo........................ Brazil
Dresdner Bank Brasil SA Banco
Multiplo........................ Brazil
Dresdner Bank Canada -- Banque
Dresdner du Canada --........... Canada
Dresdner Bank Croatia dd.......... Hungaria
Dresdner Bank CZ as............... Czech Republic
Dresdner Bank Gestions France..... France
Dresdner Bank Lateinamerika AG
(vormals Deutsch-
Sudamerikanische Bank AG)....... Germany
Dresdner Bank Luxembourg SA....... Luxembourg
Dresdner Bank Mexico, SA.......... Mexico
Dresdner Bank ZAO................. Russian Republic
Dresdner Bauspar AG............... Germany
Dresdner BdW
Beteiligungsverwaltungsgesellschaft
mbH & Co. KG.................... Germany
Dresdner Capital International
Kapitalanlagegesellschaft mbH i.
L. ............................. Germany
Dresdner Capital LLC I............ Delaware
Dresdner Capital LLC II........... Delaware
Dresdner Capital LLC III.......... Delaware
Dresdner Capital LLC IV........... Delaware
Dresdner Capital LLC V............ Delaware
Dresdner Capital LLC VI........... Delaware
Dresdner Capital LLC VII.......... Delaware
Dresdner Finance BV............... Netherland
Dresdner Finanziaria SpA.......... Italy
Dresdner Forfaitierungs
Aktiengesellschaft.............. Switzerland
Dresdner Gazdasagi Szolgaltato
Kft. ........................... Hungaria
Dresdner Gestion Privee........... France
Dresdner Global Asset Management
Beteiligungs-GmbH............... Germany
Dresdner International Management
Services Ltd.................... Ireland
</Table>
<Table>
<Caption>
SUBSIDIARY JURISDICTION
- ---------- ------------
Dresdner Investments (UK) Ltd..... Great Britain
Dresdner Kleinwort Benson Emerging
Europe (GP) Ltd................. Great Britain
Dresdner Kleinwort Benson General
Life Sciences LP................ New York
Dresdner Kleinwort Benson North
America Inc..................... Delaware
Dresdner Kleinwort Benson Private
Equity Partner LP............... New York
Dresdner Kleinwort Benson Services
(Guernsey) Ltd.................. Great Britain
Dresdner Kleinwort Benson Services
EURL............................ France
Dresdner Kleinwort Capital (USA)
Inc............................. New York
Dresdner Kleinwort Capital
Advisory services Pte Ltd....... Singapore
Dresdner Kleinwort Capital
Advisory SpA.................... Italy
Dresdner Kleinwort Capital Asia
Ltd............................. HongKong
Dresdner Kleinwort Capital
Investment Company Ltd.......... Great Britain
Dresdner Kleinwort Capital
Investment Trust Ltd............ Great Britain
Dresdner Kleinwort Capital Jersey
Ltd............................. Great Britain
Dresdner Kleinwort Capital Life
Sciences GP..................... Great Britain
Dresdner Kleinwort Capital Spain
SL.............................. Italy
Dresdner Kleinwort Capital UK
Ltd............................. Great Britain
Dresdner Kleinwort Capital
Ventures Management Ltd......... Great Britain
Dresdner Kleinwort Holdings Inc... New York
Dresdner Kleinwort Wasserstein
(Argentina) SA.................. Brazil
Dresdner Kleinwort Wasserstein
(Canada) Ltd.................... Canada
Dresdner Kleinwort Wasserstein
(China) Ltd..................... HongKong
Dresdner Kleinwort Wasserstein
(DRC) Ltd....................... Great Britain
Dresdner Kleinwort Wasserstein
(Hong Kong) Ltd................. HongKong
Dresdner Kleinwort Wasserstein
(Japan) Limited................. Japan
Dresdner Kleinwort Wasserstein
(LBDP) Holdings Ltd............. Great Britain
Dresdner Kleinwort Wasserstein
(LBDP) Ltd...................... Great Britain
Dresdner Kleinwort Wasserstein
(Services) Inc, Panama City..... Japan
</Table>
<Table>
<Caption>
SUBSIDIARY JURISDICTION
- ---------- ------------
Dresdner Kleinwort Wasserstein
(South East Asia)............... Thailand
Dresdner Kleinwort Wasserstein
Advisory Services
(Thailand) Ltd.................. Thailand
Dresdner Kleinwort Wasserstein
Asesorias y Inversiones Chile
Ltda............................ Chile
Dresdner Kleinwort Wasserstein
Australia Ltd................... Australia
Dresdner Kleinwort Wasserstein
Beteiligungs-Gesellschaft mbH... Germany
Dresdner Kleinwort Wasserstein do
Brasil s/c Ltda................. Brazil
Dresdner Kleinwort Wasserstein
Equipment LLC................... Delaware
Dresdner Kleinwort Wasserstein
Europe Ltd...................... Great Britain
Dresdner Kleinwort Wasserstein
Finance BV...................... Netherland
Dresdner Kleinwort Wasserstein
Finance Ltd..................... Great Britain
Dresdner Kleinwort Wasserstein
France SCA...................... France
Dresdner Kleinwort Wasserstein
Futures (Asia) Ltd.............. HongKong
Dresdner Kleinwort Wasserstein
GmbH............................ Germany
Dresdner Kleinwort Wasserstein
Grantchester Securities Inc. ... Delaware
Dresdner Kleinwort Wasserstein
Group Inc,
Wilmington/Delaware............. Delaware
Dresdner Kleinwort Wasserstein
Group Ltd....................... Singapore
Dresdner Kleinwort Wasserstein
Inc. ........................... Delaware
Dresdner Kleinwort Wasserstein
Intermediate Holdings Ltd....... Great Britain
Dresdner Kleinwort Wasserstein
Leasing December (1) Ltd........ Great Britain
Dresdner Kleinwort Wasserstein
Leasing December (2) Ltd........ Great Britain
Dresdner Kleinwort Wasserstein
Leasing December (3) Ltd........ Great Britain
Dresdner Kleinwort Wasserstein
Leasing December (4) Ltd........ Great Britain
Dresdner Kleinwort Wasserstein
Leasing December (5) Ltd........ Great Britain
Dresdner Kleinwort Wasserstein
Leasing Inc..................... Delaware
Dresdner Kleinwort Wasserstein
Leasing June (1) Ltd............ Great Britain
</Table>
<Table>
<Caption>
SUBSIDIARY JURISDICTION
- ---------- ------------
Dresdner Kleinwort Wasserstein
Leasing June (2) Ltd............ Great Britain
Dresdner Kleinwort Wasserstein
Leasing June (3) Ltd............ Great Britain
Dresdner Kleinwort Wasserstein
Leasing Ltd..................... Great Britain
Dresdner Kleinwort Wasserstein
Leasing March (1) Ltd........... Great Britain
Dresdner Kleinwort Wasserstein
Leasing March (2) Ltd........... Great Britain
Dresdner Kleinwort Wasserstein
Leasing March (3) Ltd........... Great Britain
Dresdner Kleinwort Wasserstein
Leasing September (1) Ltd....... Great Britain
Dresdner Kleinwort Wasserstein
Leasing September (2) Ltd....... Great Britain
Dresdner Kleinwort Wasserstein
Leasing September (3) Ltd....... Great Britain
Dresdner Kleinwort Wasserstein
Leasing September (4) Ltd....... Great Britain
Dresdner Kleinwort
Wasserstein LLC................. Russian Republic
Dresdner Kleinwort
Wasserstein Ltd................. Great Britain
Dresdner Kleinwort Wasserstein
Metals Ltd...................... Great Britain
Dresdner Kleinwort Wasserstein
Online Ventures Ltd............. Great Britain
Dresdner Kleinwort Wasserstein
Overseas Employees Ltd.......... Great Britain
Dresdner Kleinwort Wasserstein
Overseas Holdings plc........... Great Britain
Dresdner Kleinwort Wasserstein
Partnership 2001 LP............. Great Britain
Dresdner Kleinwort Wasserstein
Partnership 2001 Ltd............ Great Britain
Dresdner Kleinwort Wasserstein
Project Services Ltd............ Great Britain
Dresdner Kleinwort Wasserstein
Property Management &
Services Ltd.................... Great Britain
Dresdner Kleinwort Wasserstein
Research (Malaysia)
SDN BHD......................... Malaysia
Dresdner Kleinwort Wasserstein
Research GmbH................... Germany
Dresdner Kleinwort Wasserstein
Group Ltd....................... Great Britain
Dresdner Kleinwort
Wasserstein SA.................. Spain
Dresdner Kleinwort Wasserstein
Securities (Asia) Ltd........... HongKong
Dresdner Kleinwort Wasserstein
Securities (India) Private
Ltd............................. India
</Table>
<Table>
<Caption>
SUBSIDIARY JURISDICTION
- ---------- ------------
Dresdner Kleinwort Wasserstein
Securities France SA............ Great Britain
Dresdner Kleinwort Wasserstein
Securities LLC.................. Delaware
Dresdner Kleinwort Wasserstein
Securities Ltd.................. Great Britain
Dresdner Kleinwort Wasserstein
Securities SIM p.A. ............ Italy
Dresdner Kleinwort Wasserstein
Securities Singapore Pte Ltd.... Great Britain
Dresdner Kleinwort Wasserstein
Services LLC.................... Delaware
Dresdner Kleinwort Wasserstein
Servicios y Asesorias Ltda...... Ivory Coast
Dresdner Kleinwort Wasserstein
Shipbreaking Ltd................ Great Britain
Dresdner Kleinwort Wasserstein sp
zoo............................. Poland
Dresdner Lateinamerika S.A.
Corredores de Bolsa............. Chile
Dresdner Pension Fund Holdings
LLC............................. Delaware
Dresdner Polska
Verwaltungsgesellschaft mit
beschrankter Haftung............ Poland
Dresdner RCM European Bond Fund
Management Co. SA............... Luxembourg
Dresdner RCM Funds (UK) Ltd....... Great Britain
Dresdner RCM Gestion Europe....... France
Dresdner RCM Gestion Finances..... France
Dresdner RCM Gestion.............. France
Dresdner RCM Global Investors
(Guernsey) Ltd.................. Great Britain
Dresdner RCM Global Investors
(Jersey) Ltd.................... Great Britain
Dresdner RCM Global Investors (UK)
Ltd............................. Great Britain
Dresdner RCM Global Investors Asia
Ltd............................. HongKong
Dresdner RCM Global Investors
Australia Ltd................... Australia
Dresdner RCM Global Investors
Commingled Funds LLC............ California
Dresdner RCM Global Investors
Holdings (UK) Ltd............... Great Britain
Dresdner RCM Global Investors Hong
Kong Ltd........................ HongKong
Dresdner RCM Global Investors LLC,
Wilmington/Delaware............. Delaware
Dresdner RCM Global Investors NZ
Ltd............................. New Zealand
Dresdner RCM Global Investors
Pacific Ltd..................... Bermuda
</Table>
<Table>
<Caption>
SUBSIDIARY JURISDICTION
- ---------- ------------
Dresdner RCM Global Investors
Securities Investment Consulting
Co. Ltd......................... Taiwan
Dresdner RCM Global Investors US
Holdings LLC.................... Delaware
Dresdner RCM Nominee Services
Ltd............................. Great Britain
Dresdner RCM Strategic Holdings
(HK) Ltd........................ HongKong
Dresdner RCM Trust Company........ California
Dresdner U.S. Finance Inc......... Delaware
Dresdner
Wirtschaftsdienstleistungsgesellschaft
mit beschrankter Haftung........ Hungaria
Dresdnerbank asset management
SA.............................. Luxembourg
Dresdnerbank investment management
Kapitalanlagegesellschaft mbH... Germany
DresdnerGrund-Fonds............... Germany
Dritte Herakles Beteiligungs-
Gesellschaft mbH & Co. KG....... Germany
Drk Capital (Czech Republik) sro.. Czech Republic
DrK Capital Advisory KFT.......... Croatia
DrKW Asset Finance Ltd............ Great Britain
DrKW Equipment Finance (June)
Ltd............................. Great Britain
DrKW Equipment Finance Ltd........ Great Britain
DrKW Finance LLC.................. Delaware
DrKW Finance Ltd.................. Great Britain
DrKW Fleet Finance (June) Ltd..... Great Britain
DrKW Fleet Finance (March) Ltd.... Great Britain
DrKW Fleet Finance (September)
Ltd............................. Great Britain
DrKW Fleet Finance Ltd............ Great Britain
DrKW Industrial Finance Ltd....... Great Britain
DrKW Industrial Leasing Ltd....... Great Britain
DrKW Leasing International Ltd.... Great Britain
DrKW Nominees Ltd................. Great Britain
DrKW Programme Management Ltd..... Great Britain
DrKW Programme Management, SA..... France
DrKW Programme Rentals Ltd........ Great Britain
DrKW Standby Nominees Ltd......... Great Britain
DrKW Systems Finance Ltd.......... Great Britain
DrKWS Nominees Ltd................ Great Britain
Duerrevita S.p.A.................. Italy
DUM AGF LH SF Conso Adjust........ France
DUM AGF NL SF Conso Adjust........ France
</Table>
<Table>
<Caption>
SUBSIDIARY JURISDICTION
- ---------- ------------
DUTCH INTERNATIONAL MOBILITY
ASSISTANCE B.V. (DIMA).......... Netherland
Edinburgh House Ltd............... Great Britain
El Fenix Espanol S.A. (EFE)....... Spain
Elco Leasing Ltd.................. Great Britain
Elderstreet DrKC Ltd.............. Great Britain
ELUCYDEE.......................... France
ELVIA Italia S.p.A................ Italy
ELVIA ASSISTANCE B.V. ............ Netherland
ELVIA Assistance GmbH............. Germany
ELVIA Assistance GmbH............. Austria
ELVIA Assistance Kft. (Ltd.)...... Hungaria
ELVIA Assistance s.r.o. .......... Czech Republic
ELVIA Reiseversicherungs-
Gesellschaft AG................. Switzerland
ELVIA S.p.z.o.o. ................. Poland
ELVIA Service S.r.l............... Italy
ELVIA Travel Insurance
International N.V. ............. Netherland
ELVIA Verzekeringen N.V. ......... Netherland
ELVIASeg S.A. .................... Spain
ELVIASSIST Servicos de Assistencia
24 Horas LDA.................... Portugal
EmployersLink Corporation......... Delaware
Energy Insurance Company Ltd. .... Bulgarien
Entenial Placements............... France
ENTENIAL.......................... France
Entenial.......................... France
Erste Herakles Beteiligungs-
Gesellschaft mbH & Co. KG....... Germany
Eta-
Vermogensverwaltungsgesellschaft
mbH............................. Germany
ETI Australia Pty Ltd. ........... Australia
Etoile Fonciere et Immobiliere.... France
Euler -- Cobac Belgium............ Belgium
Euler -- SFAC Recouvrement........ France
EULER -- SFAC..................... France
Euler American Credit Indemnity
Mexico.......................... Mexico
Euler do Brasil Seguros........... Brazil
Euler Do Brasil Servicos Ltda..... Brazil
Euler Gestion..................... France
EULER Holding UK PLC.............. Great Britain
Euler International............... Great Britain
Euler Re.......................... Luxembourg
Euler Services.................... France
Euler SFAC Asset Management....... France
EULER TRADE INDEMNITY PLC......... Great Britain
</Table>
<Table>
<Caption>
SUBSIDIARY JURISDICTION
- ---------- ------------
EULER............................. France
Euler-Cobac Nederland N.V. ....... Netherland
Euler-Cobac Services B.V. ........ Netherland
Euler-SIAC Societa Italiana
Assicurazione Crediti S.p.A..... Italy
Eulertech......................... France
Eurl 20/22 Le Peletier............ France
Eurl 31 Le Peletier............... France
Euro American Arbitrage Inc....... Illinois
Euro Drukker Beheer............... Netherland
EURO GESTION...................... France
Europe Reinsurance SA............. Luxembourg
European Properties Inc Ltd....... Great Britain
European Venture Partners (General
Partner) Ltd.................... Great Britain
Eurovida S.A. Compania de Seguros
y Reaseguros.................... Spain
Eustache.......................... France
EWA Life.......................... Luxembourg
Exchange Hire Services Ltd........ Great Britain
Exploitatiemaatschappij
Buizerdlaan B.V................. Netherland
F.C.C. LOGIFIX.................... France
Farmers All-Risk Crop Insurance
Agency, Inc. ................... Texas
FCAG FONDS....................... Germany
Felix Ltd......................... Great Britain
Fenchurch Fiduciaries Ltd......... Great Britain
Fenchurch Finance Ltd............. Great Britain
Fenchurch International Holdings
Ltd............................. Great Britain
Fenchurch Nominees (Singapore) Pte
Ltd............................. Thailand
Fenchurch Nominees Ltd............ Great Britain
Fenchurch Nominees Ltd............ Great Britain
Fenchurch Properties Ltd.......... Great Britain
Fenchurch Trust Ltd............... Great Britain
Fendrake Ltd...................... Great Britain
Fenix Directo Cia de Seguros y
Reaseguros S.A. ................ Spain
FGI Frankfurter Gesellschaft fur
Industriewerte mbH.............. Germany
FGL Frankfurter Gesellschaft fur
Luftfahrtwerte mbH.............. Germany
Financiere EULER.................. France
FINMATIC 2 SRL.................... Italy
Finmatic S.r.l. .................. Italy
Fireman's Fund Agribusiness
Inc. ........................... Montana
Fireman's Fund Indemnity
Corporation..................... New Jersey
</Table>
<Table>
<Caption>
SUBSIDIARY JURISDICTION
- ---------- ------------
Fireman's Fund Insurance Company
of Georgia...................... Georgia
Fireman's Fund Insurance Company
of Hawaii, Inc. ................ Hawaii
Fireman's Fund Insurance Company
of Louisiana.................... Louisana
Fireman's Fund Insurance Company
of Missouri..................... Missouri
Fireman's Fund Insurance Company
of Nebraska..................... Nebraska
Fireman's Fund Insurance Company
of Ohio......................... Ohio
Fireman's Fund Insurance Company
of Texas........................ Texas
Fireman's Fund Insurance Company
of Wisconsin.................... Wisconsin
Fireman's Fund Insurance
Company......................... California
Fireman's Fund Risk Management
Services, Inc. ................. California
First European.................... Germany
Foncias Iart...................... Burkina Faso
Fonciere du Comptoir des
Entrepreneurs................... France
Fontaine Gilbert.................. France
Foreign Holdings Ltd.............. Great Britain
France Life, Seocho-Ku............ South Korea
FRANCE SECOURS INTERNATIONAL
ASSISTANCE S.A. ................ France
Frank Nominees Ltd................ Great Britain
Frankfurter Vastgoed B.V.......... Netherland
Frankfurter Versicherungs-AG...... Germany
Funfte Herakles Beteiligungs-
Gesellschaft mbH & Co. KG....... Germany
G. I. (Jersey) Ltd................ Great Britain
G.A.D. ........................... Belgium
Gaggiano S.r.l. .................. Italy
Gaillon Britannia................. France
Gaillon Participations............ France
Gaipare Diffusion................. France
Gamma-
Vermogensverwaltungsgesellschaft
mbH............................. Germany
GbR Berlin Pariser Platz 5a/6..... Germany
GCM Grundwert Center Management
GmbH............................ Germany
GE.SI Gestione Sistemi Informativi
S.p.A. ......................... Italy
GEACAM Sa......................... Cameroon
Generale Viagere.................. France
GENUJO Beteiligungs-GmbH.......... Germany
</Table>
<Table>
<Caption>
SUBSIDIARY JURISDICTION
- ---------- ------------
Gestiass S.r.l. .................. Italy
GESTION DE TELESECURITE ET DE
SERVICES "GTS" S.A. ............ France
GIE Placements d'Assurances....... France
GIM Grundwert Immobilien
Management GmbH................. Germany
GKS Gesellschaft fur Konten-
Service mbH..................... Germany
Golden Gate Reinsurance Company
Limited......................... Bermuda
Grafton Properties Limited........ Ireland
Gramat Balard..................... France
Groupe Mondial Assistance......... Switzerland
Groupe VB......................... France
Groupement d'Interet Economique
(GIE)........................... France
Grundstucksgesellschaft der
Vereinten Versicherungen mbH &
Co. Besitz- und Betriebs KG..... Germany
Grundstucks-Gesellschaft mbH...... Germany
Guernsey Nominees Ltd............. Great Britain
GVP Grundwert Verwaltungs- und
Projektentwicklungs GmbH........ Germany
Hauteville, Guernsey.............. Great Britain
Havelaar Drukker Beheer........... Netherland
Havelaar et Van Stolk............. Netherland
HELVIASS Verzekeringen BV......... Netherland
Herakles Beteiligungs-Gesellschaft
mbH............................. Germany
Hermes & Euler Credit Services
(Japan) Ltd. ................... Japan
Hermes Beteiligungen GmbH......... Germany
Hermes Consult Kft. .............. Hungaria
Hermes Credit & Guarantee plc. ... Great Britain
Hermes Credit Insurance
Scandinavia AB.................. Sweden
Hermes e-Business GmbH............ Germany
HERMES Forderungsmanagement
GmbH............................ Germany
Hermes Gesellschaft fur
Informations-Dienstleistungen
mbH............................. Germany
Hermes Kreditversicherung Ungarn
AG.............................. Hungaria
Hermes Kreditversicherungs-AG..... Germany
Hermes Kreditversicherungs-
Service AG...................... Switzerland
Hermes Rating GmbH................ Germany
Hermes Risk Management GmbH & Co.
KG.............................. Germany
Hermes Risk Management Verwaltungs
GmbH............................ Germany
</Table>
<Table>
<Caption>
SUBSIDIARY JURISDICTION
- ---------- ------------
Hermes Versicherungsbeteiligungen
GmbH............................ Germany
Hermes-Gesellschaft fur
Finanzdienstleistungen mbH...... Germany
Herradura Ltd..................... Great Britain
Hetha-Beteiligungsgesellschaft
mbH............................. Germany
Hilary Nominees Ltd............... Great Britain
Hilary Street Properties Ltd...... Great Britain
Holding Cornhill France S.A. ..... France
Holdings L.P. General Partner
LLC............................. Delaware
Holland Beleggingsgroep........... Netherland
Hungaria Biztosito Rt. Szolgaltato
es Ellato Kft. (Betriebs- und
Versorgungs-GmbH)............... Hungaria
Hungaria Biztosito
Szamitastechnikai Kft. (Hungaria
EDV-Betriebsgesellschaft mbH)... Hungaria
Hunter Premium Funding Ltd. ...... Australia
I.T.E.B. ......................... Netherland
ICDE.............................. France
Immo Spain........................ Spain
Immobiliara Inverfenix SA......... Spain
Immobiliere Vendome............... France
Inmobiliaria Driavena............. Venezuela
Intermediass S.r.l. .............. Italy
International Reinsurance Company
S.A. ........................... Luxembourg
Interstate Fire & Casualty
Company, Illinois............... Illinois
Interstate Indemnity Company...... Illinois
Interstate National Corporation of
California...................... California
Interstate National Corporation of
Texas, General Agency, Inc. .... Texas
Interstate National Corporation... Illinois
Inveresk Stockholders Ltd......... Great Britain
Inversiones Dresdner BNP Paris
Ltda............................ Chile
Investimur nouvelle............... France
INVESTITORI HOLDING SPA........... France
INVESTITORI SGR................... France
ISAAF Mondial Assistance S.A. .... Morocco
Ixloc SNC......................... France
JBC Ltd........................... Cayman Islands
JeffCo Management Company Inc. ... New Jersey
Jefferson Insurance Company of
N.Y............................. New York
Johneve........................... Great Britain
</Table>
<Table>
<Caption>
SUBSIDIARY JURISDICTION
- ---------- ------------
Jota-
Vermogensverwaltungsgesellschaft
mbH............................. Germany
K.B.I.M. Overseas BV.............. Netherland
KB (C.I.) Nominees Ltd............ Great Britain
KB Asset Leasing Ltd.............. Great Britain
KB EMF (GP) Ltd................... Great Britain
KB EMF II (Guernsey) Ltd.......... Great Britain
KB Equipment Leasing Ltd.......... Great Britain
KBG Immobilier SA................. France
KBIM (IT) Nominees Ltd............ Great Britain
KBIM General Nominees Ltd......... Great Britain
KBIM International Ltd............ Great Britain
KBIM Standby Nominees Ltd......... Great Britain
KB-LPL Holdings Inc............... New York
KB-LPL Inc........................ New York
Keane Nominees Ltd................ Great Britain
Kleber Lamartine.................. France
Kleber Mirabeau................... France
Kleber Passy...................... France
Kleber Poincare................... France
Kleinwort Benson (Channel Islands)
Investment...................... Great Britain
Kleinwort Benson (Channel Islands)
Ltd (vormals Kleinwort Benson
(Jersey) Ltd)................... Great Britain
Kleinwort Benson (Channel Islands)
Trustees........................ Great Britain
Kleinwort Benson (Guernsey) Fund
Services Ltd.................... Great Britain
Kleinwort Benson (Guernsey) Ltd... France
Kleinwort Benson (Guernsey)
Services Ltd.................... Great Britain
Kleinwort Benson (Guernsey)
Trustees Ltd.................... Great Britain
Kleinwort Benson (Hong Kong)
Trustees Ltd.................... HongKong
Kleinwort Benson (Jersey) Asset
Managers Ltd.................... Great Britain
Kleinwort Benson (Jersey) Fund
Managers Ltd.................... Great Britain
Kleinwort Benson (Jersey) Services
Ltd............................. Great Britain
Kleinwort Benson (Jersey) Trustees
Ltd............................. Great Britain
Kleinwort Benson (US) Asset
Managers LLC.................... Delaware
Kleinwort Benson Australia
(Holdings) Ltd.................. Australia
Kleinwort Benson Belgium SA....... Belgium
</Table>
<Table>
<Caption>
SUBSIDIARY JURISDICTION
- ---------- ------------
Kleinwort Benson Channel Islands
(Holdings)...................... Great Britain
Kleinwort Benson China Management
Ltd............................. HongKong
Kleinwort Benson Cross Financing
Inc............................. New York
Kleinwort Benson Cross Financing
Ltd............................. Great Britain
Kleinwort Benson Equity Partner
General Partner Ltd............. Great Britain
Kleinwort Benson Farmland Trust
(Managers) Ltd.................. Great Britain
Kleinwort Benson Financial
Services Ltd.................... Great Britain
Kleinwort Benson Gilts Ltd........ Great Britain
Kleinwort Benson International
Investment Ltd.................. Great Britain
Kleinwort Benson International
Trust Corporation............... Great Britain
Kleinwort Benson International
Trustees Ltd.................... Great Britain
Kleinwort Benson Investment
Holdings Australia Pty Ltd...... Australia
Kleinwort Benson Investment
Management Americas (Hong Kong)
Inc............................. New York
Kleinwort Benson Investment
Management Americas Inc......... Delaware
Kleinwort Benson Investment
Management Holdings Ltd......... Great Britain
Kleinwort Benson Investment
Management Ltd.................. Great Britain
Kleinwort Benson Securities (Asia)
Holdings Ltd.................... HongKong
Kleinwort Benson Trustees Ltd..... Great Britain
Kleinwort Benson Unit Trusts
Ltd............................. Great Britain
Knowlfa Ltd....................... Great Britain
Komet Automobil-
Beteiligungsgesellschaft mbH.... Germany
Kraft Versicherungs-AG............ Germany
LA RURALE......................... France
LA VITA........................... Italy
Lafitte Victoire.................. France
Langbourn Nominees Ltd............ Great Britain
Langdale Nominees Ltd............. Great Britain
Langham Nominees Ltd.............. Great Britain
Lapis Inc. ....................... Minnesota
Larose Trintaudon Chile S.A. ..... Chile
Larose Trintaudon................. France
L'Assicuratrice Italiana Danni.... Italy
L'Assicuratrice Italiana Vita
S.p.A. ......................... Italy
Life Agency USA of Minnesota...... Minnesota
</Table>
<Table>
<Caption>
SUBSIDIARY JURISDICTION
- ---------- ------------
LifeUSA Insurance Company......... Minnesota
Lloyd 1885 S.p.A. ................ Italy
Lloyd Adriatico S.p.A. ........... Italy
Loctech SNC....................... France
Lombardkasse AG................... Germany
London Verzekeringen NV........... Netherland
LPIT Trading Ltd.................. Great Britain
LTCAmerica........................ Minnesota
M.R. Print Management Ltd. ....... Great Britain
MacIntosh GP Sub, LLC............. Delaware
Madeleine SA...................... France
Malaysia British Assurance Life... Malaysia
Malaysia British Assurance........ Malaysia
Manley Brokers.................... Canada
Manufacturers' Mutual Insurance
Limited......................... Australia
Marbot Pty Ltd.................... Australia
Marlyna Ltd....................... Great Britain
Mathis Assurances................. France
Mauritius Island, Mascareignes
Services Assistance- MSA
Ltd. ........................... Morocco
McGee Insurance Co. (Bermuda)
Ltd. ........................... Bermuda
Medisalud......................... Colombia
Menza Grundstucks-
Verwaltungsgesellschaft mbH &
Co. KG.......................... Germany
Merchant Investors Assurance
Company Ltd. ................... Great Britain
MERCOSUL ASSISTANCE ARGENTINE..... Argentina
MERCOSUL.......................... Brazil
Merkur Grundstucks-Gesellschaft
mbH............................. Germany
Metropole......................... France
Midway Insurance Company of
Illinois........................ Illinois
MMI Employee Share Plan Pty
Ltd. ........................... Australia
MMI General Insurance (N.Z.) Ltd.. New Zealand
MMI Insurance (Fiji) Ltd. ........ New Zealand
MMI Mauritius..................... Mauritius
MMI Singapore Pte Limited......... Singapore
Moerkerke......................... Belgium
Mogenip SNC....................... Great Britain
Mondial Assistance Australia
Holding Pty Ltd. ............... Australia
MONDIAL ASSISTANCE FRANCE "MAF"
S.A. ........................... France
Mondial Assistance Germany GmbH... Germany
</Table>
<Table>
<Caption>
SUBSIDIARY JURISDICTION
- ---------- ------------
Mondial Assistance Holding Germany
AG.............................. Germany
Mondial Assistance S.A. .......... France
Mondial Assistance United Kingdom
(MAUK) Ltd. .................... Great Britain
Mondial Services Gesellschaft fur
Pannenhilfe und Notruf GmbH..... Germany
Monticello Insurance Co. ......... Delaware
Morris (S.P.) Holdings Ltd........ Great Britain
MTS Accounting Services Ltd....... Great Britain
Munchener und Magdeburger
Hagelversicherung AG............ Germany
Munsterlandische Bank Thie &
Co. ............................ Germany
N.A.P. ........................... Netherland
N.V. Interborg.................... Netherland
NAM Nominees Ltd.................. Great Britain
National Surety Corporation....... Illinois
Nederland Hypotheekservice B.V. .. Netherland
Nem Business Services............. Great Britain
NEM Insurance Ireland............. Ireland
Nemian Life S.A. ................. Luxembourg
Neunte Herakles Beteiligungs-
Gesellschaft mbH & Co. KG....... Germany
NFJ Investment Group.............. Delaware
NFJ Management Inc. .............. Delaware
Nicholas Applegate Capital
Management...................... California
Nicholas Applegate Securities..... California
Nicholas Applegate Securities
International................... California
Nicholas-Applegate................ California
Nona-
Vermogensverwaltungsgesellschaft
mbH............................. Germany
Nordinvest HKV-Fonds.............. Germany
Norman Nominees Ltd............... Great Britain
North American London
Underwriters, Ltd. ............. Bermuda
OCC Distributors.................. Delaware
OGAR IARD Sa...................... Gabun
OGAR VIE Sa....................... Gabun
Okassurances...................... France
OLB-Beteiligungsgesellschaft mbH.. Germany
Oldenburgische Landesbank AG...... Germany
Omega Thai Investment Holding..... Netherland
OpCap Advisors.................... Delaware
Oppenheimer Capital AM............ Delaware
Oppenheimer Capital Australia,
Inc. ........................... Delaware
Oppenheimer Capital............... Delaware
</Table>
<Table>
<Caption>
SUBSIDIARY JURISDICTION
- ---------- ------------
Oppenheimer Group, Inc. .......... Delaware
Orbis Business Services Ltd....... Great Britain
Orbis Directors (No 1) Ltd........ Great Britain
Orbis Directors (No 2) Ltd........ Great Britain
Orbis Group Ltd................... Great Britain
Orbis Management Ltd.............. Great Britain
Orbis Management Ltd.............. Great Britain
Orbis Nominees Jersey Ltd......... Great Britain
Orbis Pensions Trustees Ltd....... Great Britain
Orbis Secretaries Jersey Ltd...... Great Britain
Orbis SPV Management Ltd.......... Great Britain
Orbis Tax Services Ltd............ Great Britain
Orbis Trustees (1997) Ltd......... Great Britain
Orbis Trustees (BVI) Ltd.......... Great Britain
Orbis Trustees Guernsey Ltd....... Great Britain
Orbis Trustees Jersey (1997) Ltd.. Great Britain
Orbis Trustees Jersey Ltd......... Great Britain
Orbis Trustees Ltd................ Great Britain
Ost-West Allianz Insurance
Company......................... Russian Republic
Oxford Insurance.................. Canada
P.T. Asuransi Allianz Life
Indonesia....................... Indonesia
P.T. Asuransi Allianz Utama
Indonesia....................... Indonesia
PAC Investment Management......... Delaware
Pacific Investment Management
Company LLC..................... Delaware
Pacific MMI Insurance Ltd. ....... Papua New Guinea
Parc Continental Ltd.............. Great Britain
Parc Ltd.......................... Great Britain
Parctech Mietprogramme GmbH....... Germany
Parkway Insurance Company......... New Jersey
Participations Gentil............. France
Pasquier.......................... France
Permatel S.r.l. .................. Italy
Perseus-
Vermogensverwaltungsgesellschaft
mbH............................. Germany
Personalized Brokerage Service.... Kansas
Pet Plan Group Ltd. .............. Great Britain
Pet Plan Health Care Ltd. ........ Great Britain
Pet Plan International Ltd. ...... Great Britain
Pet Plan Ltd. .................... Great Britain
Peter Street Properties Ltd....... Great Britain
Phenix Developpement Gestion...... France
Phenix Iart....................... Switzerland
Phenix Iart....................... Switzerland
Phenix Immobilier................. France
Phenix Vie........................ Switzerland
</Table>
<Table>
<Caption>
SUBSIDIARY JURISDICTION
- ---------- ------------
Philpot Nominees Ltd.............. Great Britain
PIMCO ADVISORS HOLDINGS, L.P. .... Delaware
PIMCO Advisors L.P. .............. Delaware
PIMCO Advisors Services........... Delaware
PIMCO Advisory Services LLC....... Delaware
PIMCO Asia PTE Ltd. .............. Singapore
PIMCO Australia Pty Ltd. ......... Australia
PIMCO CD Distributors, LLC........ Delaware
PIMCO Equity Advisors, LLC........ Delaware
PIMCO Equity AM................... Delaware
PIMCO Equity Partners, LLC........ Delaware
PIMCO Europe Limited.............. Great Britain
PIMCO Funds Advertising Agency,
Inc.,........................... Delaware
PIMCO Funds Distributors LLC...... Delaware
PIMCO Global Advisors............. Delaware
PIMCO Global Advisors (Ireland)
Limited......................... Ireland
PIMCO Global Advisors (Resources)
Limited......................... Cayman Islands
PIMCO Global Advisors LLC,........ Delaware
PIMCO GmbH........................ Germany
PIMCO Holding LLC................. Delaware
PIMCO Japan Ltd. ................. Great Britain
PIMCO Partners, G.P. ............. Delaware
PIMCO Private Client Services,
LLC............................. Delaware
PIMCO Specialty Markets LLC....... Delaware
PIMCO/Allianz International
Advisors........................ Delaware
Pioneer Allianz Life Assurance
Corporation..................... Philippines
Plantmerge Ltd.................... Great Britain
POLY -- ASSISTANCE & SERVICES
A.E............................. Greece
Portal Company Ltd................ France
Poseidon Life Insurance Co.
S.A. ........................... Greece
Poseidon.......................... Greece
Preferred Life Insurance Co. of
New York........................ New York
Prevint Gestione Servizi
Previdenziali S.p.A............. Italy
Privatinvest Bank AG.............. Austria
Promotota Country................. Colombia
Property Nominees (Channel
Islands) Ltd.................... Great Britain
Proprieta Immobiliari S.p.A. ..... Italy
Protexia France................... France
</Table>
<Table>
<Caption>
SUBSIDIARY JURISDICTION
- ---------- ------------
Providentia Vermogensverwaltungs-
Betriebsgesellschaft mbH........ Austria
Qualis............................ France
Quarta-
Vermogensverwaltungsgesellschaft
mbH............................. Germany
Quatrinvest....................... France
Quinta-
Vermogensverwaltungsgesellschaft
mbH............................. Germany
Quintet Properties Ltd. .......... Ireland
R. B. Nominees Ltd................ Great Britain
R.I.T. Servizi per l'Information
Technology S.p.A. .............. Italy
Rambouillet Daumesnil............. France
RAS Asset Management SGR
S.p.A. ......................... Italy
RAS Asset Management.............. Luxembourg
RAS IMMOBILIARE SRL............... Italy
Ras International N.V. ........... Netherland
RAS Investimenti S.i.m. S.p.A. ... Italy
Rasbank S.p.A. ................... Italy
Rasfin Societa di Intermediazione
Mobiliare S.p.A. ............... Italy
RB Vita S.p.A. ................... Italy
RBL Finance Ltd................... Great Britain
RBL Industrial Finance Ltd........ Great Britain
Reaumur........................... France
Receivable Partners............... New York
Reliance Trading Company
(Liverpool) Ltd. ............... Great Britain
Rentech Finance Ltd............... Great Britain
Rentech Hire Ltd.................. Great Britain
Reunion Island, Bourbon Service
Assistance S.A. ................ France
Reuschel & Co. Finanz-Service
GmbH............................ Germany
Reuschel & Co. ................... Germany
RHEA.............................. Luxembourg
Rhimo............................. France
Rhin et Moselle................... France
Rijn Wall Assuradeuren............ Netherland
Riskon Aktiengesellschaft
geschlossenen Typs.............. Russian Republic
Riunione Adriatica di Sicurta
S.p.A. ......................... Italy
Robert Benson Lonsdale & Co
(Canada) Ltd.................... Great Britain
Robert Benson Lonsdale & Co. Ltd.. Great Britain
Rood Nominees Ltd................. Great Britain
Royal Nederland Bewaarbedrijf..... Netherland
</Table>
<Table>
<Caption>
SUBSIDIARY JURISDICTION
- ---------- ------------
Royal Nederland Fondsen Beheer.... Netherland
Royal Nederland Leven............. Netherland
Royal Nederland Schade............ Netherland
Royal Nederland Verzekeringsgroep
NV.............................. Netherland
Royal Schiedam Schade............. Netherland
S. C. I. Garibaldi................ Great Britain
S.I.B.I. ......................... France
SA du Hameau...................... France
SACNAS DEVELOPPEMENT S.A. ........ France
SACNAS EAST ASIA S.A. ............ France
SACNAS INTERNATIONAL S.A. ........ France
SACNAS RE......................... Luxembourg
SAFARRIV IARD Sa.................. Ivory Coast
SAFARRIV VIE Sa................... Ivory Coast
SafetyNet Services Pty Ltd. ...... Australia
SAGE SARL......................... France
Saint-Barth Assurances............ France
San Francisco Reinsurance
Company......................... California
Sarl de l'Etoile.................. France
SAT S.A. ......................... Turkey
Scholarship Advisors International
LLC............................. Minnesota
SCI Akwa.......................... Cameroon
SCI Lutece........................ France
Sealdrift Ltd..................... Great Britain
Sechste Herakles Beteiligungs-
Gesellschaft mbH & Co. KG....... Germany
Septima-
Vermogensverwaltungsgesellschaft
mbH............................. Germany
Serexim........................... France
Sexta-
Vermogensverwaltungsgesellschaft
mbH............................. Germany
SFAC Credit....................... France
Shertoon Pty Ltd.................. Australia
Shield Developments (Proprietary)
Ltd. ........................... South Africa
SIAC Services spa. ............... Italy
Siebte Herakles Beteiligungs-
Gesellschaft mbH & Co. KG....... Germany
Silver Lux Inc. .................. Cayman Islands
Silver Tower 125 Inc. ............ Cayman Islands
Sipari Volney..................... France
SIPARI............................ France
Sirius Management Australia Pty
Ltd............................. Australia
Slattery Nominees Ltd............. Great Britain
</Table>
<Table>
<Caption>
SUBSIDIARY JURISDICTION
- ---------- ------------
SNA Holding (Bermuda) Ltd. ....... Bermuda
SNA Re............................ Bermuda
SNA Sal........................... Lebanon
SNAC Iart......................... Cameroon
SNAC VIE.......................... Cameroon
SNAS IARD Sa...................... Senegal
SNC AGF Cash...................... France
SNC AGF Clearing.................. France
SNC Allianz Bercy................. France
SNC Cofetrans..................... France
SNC Kleber Magdebourg............. France
SNC Maxium........................ France
SOCIEDAD MUNDIAL DE ASISTENCIA
(S.M.A.S.A.) S.A. .............. Spain
SOCIETE BELGE D'ASSISTANCE
INTERNATIONAL S.A. "S.B.A.I."... Belgium
SOCIETE BELGE DE SERVICES
TELEPHONIQUES "S.B.S.T."
S.A. ........................... Belgium
Societe Civile Construction Vente
33 Lafayette, Paris............. France
Societe Civile Immobiliere 108-110
Blvd. Haussmann................. France
Societe Civile Immobiliere
Ladef........................... France
SOCIETE EUROPEENNE DE PROTEC. ET
DE SEVICES D'ASSIST. A DOMICILE
"S.E.P.S.A.D." S.A. ............ France
Societe Fonciere de l'Amourie..... France
Societe Fonciere Europeenne....... France
SOCIETE FRANCAISE DE DEPANNAGE ET
DE SERVICES "S.F.D.S.".......... France
Societe Francaise de Recours...... France
Sofiholding....................... Belgium
Somerset Valley Insurance
Services, LLC................... New Jersey
Sonimm............................ France
Sorega............................ France
Southash Ltd...................... Great Britain
Southwark Bridge Investments Ltd.. Great Britain
Standard General Agency, Inc. .... Texas
Stanislas H. Haine................ Belgium
StocksPLUS Management Inc. ....... Delaware
StocksPLUS Sub-Fund B LLC. ....... California
StocksPLUS, L.P. ................. Delaware
Strassen.......................... Belgium
Structured Security Company,
Inc. ........................... Delaware
Suddeutsche Industrie-
Beteiligungs-Gesellschaft mbH... Germany
Suffolk Investments Inc........... New York
</Table>
<Table>
<Caption>
SUBSIDIARY JURISDICTION
- ---------- ------------
Suffren Federation................ France
SVV-Beteiligungs GmbH............. Germany
T.U. Allianz Polska S.A. ......... Poland
T.U. Allianz Polska Zycie S.A. ... Poland
Tax Planning Seminars Inc. ....... New Jersey
Tech-Line Insurance Services
Ltd. ........................... Canada
Teilkonzern Asset Management
DreBa........................... Germany
Teilkonzern Banking DreBa......... Germany
Telecom Exchange Rentals Ltd...... Great Britain
The Ajax Insurance Association
Ltd. ........................... Great Britain
The American Insurance Company.... Nebraska
The Excess and Special Risk
Market, Inc. ................... California
The M.I. Group Ltd. .............. Great Britain
The M.I. Investment Management
Company Ltd. ................... Great Britain
The M.I. Property Management
Company Ltd. ................... Great Britain
Themis S.A. ...................... France
Theseus
Vermogensverwaltungsgesellschaft
mbH............................. Germany
Thornton Brokerage Ltd............ HongKong
Thornton Investment Advisers Ltd.. Bermuda
Thornton Management (C.I.) Ltd.... Great Britain
Thornton Nominees Ltd............. Great Britain
Tour Cristal...................... France
TRADE INDEMNITY Collections
Ltd. ........................... Great Britain
TRADE INDEMNITY Risk Services
LTD............................. Great Britain
Trafalgar Insurance Company of
Canada.......................... Canada
Trafalgar Insurance PLC........... Great Britain
Transoptions SA................... Switzerland
TransProperty Co. Ltd............. Great Britain
Travel Care Inc. ................. Florida
Tree Walk Holdings Ltd. .......... Great Britain
Treewalk Associates Ltd. ......... Great Britain
Treewalk Collections Ltd. ........ Great Britain
Turnpike Crossing 1, LLC.......... Delaware
UCAR Sa........................... Central Africa
UNIPENSAO -- Soc. Gestora de
Fondos de Pensiones............. Portugal
United Agents Crop Insurance
Agency Inc. .................... Mississippi
Universal Leven................... Netherland
Universal Trading Ltd............. Great Britain
</Table>
<Table>
<Caption>
SUBSIDIARY JURISDICTION
- ---------- ------------
Universal-Leasing-GmbH............ Germany
Universal-Vermietungs-GmbH........ Germany
USAllianz Advisers, LLC........... Minnesota
USAllianz Insurance & Securities
Agency, Inc. ................... Minnesota
USAllianz Insurance & Securities
Agency, Inc. ................... Alabama
USAllianz Insurance & Securities
Agency, Inc. ................... Colorado
USAllianz Insurance & Securities
Agency, Inc. ................... Hawaii
USAllianz Insurance & Securities
Agency, Inc. ................... Kentucky
USAllianz Insurance & Securities
Agency, Inc. ................... Nevada
USAllianz Insurance & Securities
Agency, Inc. ................... New Mexico
USAllianz Insurance & Securities
Agency, Inc. ................... Ohio
USAllianz Insurance & Securities
Agency, Inc. ................... Texas
USAllianz Insurance & Securities
Agency, Inc. ................... Vermont
USAllianz Insurance Agency,
Inc. ........................... Minnesota
USAllianz Investor Services,
LLC............................. Massachusetts
USAllianz Securities.............. Minnesota
Value Advisors LLC................ Delaware
Vauban Mobilisations Garanties.... France
Veer Palthe Voute NV.............. Netherland
Vencap............................ France
Vendome Capital................... France
Vendome Investissements........... France
Vendome Lease SA.................. Great Britain
Vereinte Holding AG............... Germany
Vereinte Krankenversicherung AG... Germany
Vereinte Lebensversicherung AG.... Germany
Vereinte Rechtsschutzversicherung
AG.............................. Germany
Vereinte Spezial
Krankenversicherung AG.......... Germany
Vereinte Spezial Versicherung AG.. Germany
Vereinte Versicherung AG.......... Germany
Vernon............................ France
Vierte Herakles Beteiligungs-
Gesellschaft mbH & Co. KG....... Germany
Vignon............................ France
Vina de Laroset................... Chile
Vintage Insurance Company......... California
W Finance Assurances.............. France
W Finance......................... France
W. Fortmann & Sohne............... Germany
</Table>
<Table>
<Caption>
SUBSIDIARY JURISDICTION
- ---------- ------------
Warner Insurance Company.......... Illinois
Wasserstein Perella & Co.
Deutschland GmbH................ Germany
Wasserstein Perella & Co.
Holdings, Inc. ................. Delaware
Wasserstein Perella & Co. Inc.
(Delaware)...................... Delaware
Wasserstein Perella & Co. Japan
Ltd. ........................... Japan
Wasserstein Perella & Co. Pacific,
Ltd. ........................... Delaware
Wasserstein Perella (France) SA... France
Wasserstein Perella Group
Holdings, LLC................... Delaware
WDDC Inc. ........................ Delaware
Webtek Software Services Private
Ltd,............................ India
Weser Ems International Bond
Funds A......................... Germany
Weser Ems International Bond
Funds B......................... Germany
Wessex Holdings Inc............... New York
Westbourne Properties Ltd......... Great Britain
Westerton Investments Ltd. ....... Great Britain
Willemsbruggen.................... Netherland
Wm. H McGee & Co. (Bermuda)
Ltd. ........................... Bermuda
Wm. H McGee & Co. of Puerto Rico
Inc. ........................... Puerto Rico
Wm. H McGee & Co., Inc. .......... New York
Wm. H McGee Services, Inc. ....... New York
Wm. H. McGee & Co. of Canada,
Ltd. ........................... Canada
Worksafe Malaysia Sdn Bhd......... Malaysia
World Access ASIA (PTE) Ltd. ..... Singapore
</Table>
<Table>
<Caption>
SUBSIDIARY JURISDICTION
- ---------- ------------
World Access Canada Inc. ......... Canada
World Access Europe LTD. ......... Great Britain
World Access Healthcare Services
Inc. ........................... Florida
World Access Insurance Broker
Ltd. ........................... Canada
World Access Service Corp. ....... Virginia
World Access, Inc. ............... Virginia
WP Bridge Finance, Inc. .......... Delaware
WP Plan Management Partners II,
Inc. ........................... Delaware
WP Plan Management Partners,
Inc. ........................... Delaware
WP Services Inc. ................. Delaware
YT Management Ltd................. Bermuda
ZA Belenggingen................... Netherland
ZA Europa......................... Netherland
ZA Herverzekering B.V. ........... Netherland
ZA Holding........................ Netherland
ZA Hypotheken..................... Netherland
ZA Leven.......................... Netherland
ZA Verzekeringen N.V. ............ Belgium
Zehnte Herakles Beteiligungs-
Gesellschaft mbH & Co. KG....... Germany
Zenon Beteiligungs-GmbH........... Germany
Zweite FraMu Beteiligungs GmbH.... Germany
Zweite Herakles Beteiligungs-
Gesellschaft mbH & Co. KG....... Germany
Zweite Sonnenplatz Beteiligungs-
Gesellschaft mbH................ Germany
Zwolfte DRESIB Beteiligungs-
Gesellschaft mbH................ Germany
Zwolsche Algemeene
Schadeverzekering N.V. ......... Netherland
</Table>