. . . EXHIBIT 8.1

SUBSIDIARY JURISDICTION - ---------- ------------ "Condor" Immobilien-Gesellschaft mbH............................... Germany "Fontax" Grundstucks-Verwaltungs- gesellschaft mbH & Co. KG......... Germany 1085974 Ontario Limited............. Canada 38 Opera............................ France 48 ND Victoire...................... France 5, rue Villebois Mareuil............ France 5557 Greens Farm, LLC............... Connecticut A. Diffusion........................ France A.D.I.C. ........................... Colombia A.G.L. ............................. Laos A.V.F. ............................. Belgium AAAM................................ France A-Car Inc. ......................... Cayman Islands Achte DRESIB Beteiligungs- Gesellschaft mbH.................. Germany Achte SIB Beteiligungs- Aktiengesellschaft................ Germany ACM-Compagnie Mercur Aktiengesellschaft................ Germany ACN 000 335 802 Limited............. Australia Actio France........................ France Activim............................. France ADAM Australia Ltd. ................ Australia ADAM Deutschland GmbH............... Germany ADAM Europe GmbH.................... Germany ADAM International GmbH............. Germany ADAM Service GmbH................... Germany ADAM U.S. Holding LLC............... Delaware ADAM U.S. Partners GP............... Delaware ADEUS Aktienregister-Service GmbH... Germany Adriatica de Seguros C.A. .......... Venezuela ADVANCE Bank AG..................... Germany ADVANCE FINANZPLANUNG AG............ Germany Advance Holding AG.................. Germany AFA................................. France AFC Assecuranz- und Finanzvermittlungs-Contor GmbH.... Germany AFIN GmbH........................... Germany AFORE Allianz Dresdner S.A. ........ Mexico Agemis GmbH......................... Germany AGF 2X.............................. France AGF ACCELERATOR 2004 LH............. France AGF Actio France.................... France AGF Action Europe................... France AGF Actions......................... France

SUBSIDIARY JURISDICTION - ---------- ------------ AGF Actions Marches Emergents....... France AGF Actions Nouveau Marche.......... France AGF Actions Royaume Uni............. France AGF Administracao................... Brazil AGF AFRIQUE......................... Ivory Coast AGF Allianz Argentina Generales..... Argentina AGF Allianz Argentina Vida.......... Argentina AGF Allianz South America........... Brazil AGF ALTERNATIVE 2 ANS LH............ France AGF Ameriques....................... France AGF Ameriques D..................... France AGF Ameriques USD................... France AGF Asac Actions.................... France AGF Asac Prudence................... France AGF ASCENSION 2011 L................ France AGF Asia............................ Singapore AGF Asset Management................ France AGF Assurances Financieres.......... France AGF Assurfinance.................... France AGF AZ Chile Generales S.A. ........ Chile AGF AZ Chile Vida................... Chile AGF Belgium Bank.................... Belgium AGF Belgium Holding................. Belgium AGF Belgium Insurance............... Belgium AGF Benelux......................... Luxembourg AGF BIPLUS 2 L...................... France AGF Boieldieu....................... France AGF Brasil Seguros S.A. ............ Brazil AGF Brasil Vida..................... Brazil AGF Capital Invest 2................ France AGF CAPITAL INVEST L................ France AGF CAPITAL INVEST N................ France AGF Chile........................... Chile AGF CREATIONS1...................... France AGF CREATIONS2...................... France AGF do Brasil....................... Brazil AGF Emprunts d'Etat................. France AGF Epargne Action.................. France AGF Euro Actions C et D............. France AGF Euroinvest...................... France AGF Europe.......................... France AGF Europe Convertible.............. France AGF Europe Obligations.............. France AGF Favart.......................... France AGF FIDAS LH........................ France AGF Financement 2................... France

SUBSIDIARY JURISDICTION - ---------- ------------ AGF Foncier......................... France AGF Haut Rendement.................. 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 Hospitaliers Monde.............. France AGF Immobilier...................... France AGF Indonesia....................... Indonesia AGF Informatique.................... France AGF Insurance....................... Great Britain AGF Interfonds...................... France AGF International................... France AGF Inversiones..................... Argentina AGF INVEST.......................... France AGF INVESTMENT GRADE................ France AGF INVESTMENT GRADE LM............. France AGF Japon........................... France AGF La Lilloise..................... France AGF Life Luxembourg................. Luxembourg AGF Marches Emergents............... France AGF MAT TRANSP&LIAB Ltd. ........... Great Britain AGF Monetaire....................... France AGF Multi Alternatives L............ France AGF Nouveau Marche.................. France AGF Oblig........................... France AGF Opera........................... France AGF PEA Europe...................... France AGF PEA Pondere..................... France AGF Private Equity.................. France AGF Projet Management............... Great Britain AGF RAS Holding BV.................. Netherlands AGF Re Luxembourg................... Luxembourg AGF Richelieu....................... France AGF Saint-Marc...................... France AGF Saude........................... Brazil AGF Securite........................ France AGF Taut Fixe....................... France AGF TRESORERIE L.................... France AGF TRESORERIE N.................... France AGF UK.............................. France AGF VALEUR DURABLES L............... France AGF VALEUR DURABLES LM.............. France AGF World Fund European Small Caps.............................. France

SUBSIDIARY JURISDICTION - ---------- ------------ AGF World Fund High Yield........... France AGFimo.............................. France AGIS Allianz Gesellschaft fur Informatik Service mbH............ Germany Agora Courtage...................... France Agricola San Felice S.p.A. ......... Italy AI II Industriebesitz und Beteiligungen AG & Co. OHG........ Germany AI Industriebesitz und Beteiligungen AG & Co. OHG...................... Germany Aiolos Vermogensverwaltungsgesellschaft mbH............................... Germany Airbus-Leasing Beteiligungsgesellschaft mbH...... Germany Ajax Insurance Holdings Limited..... Great Britain Akkermans van Elten assurantien BV.. Netherlands Akkermans van Elten Financiele Diensten B.V. .................... Netherlands Akkermans Van Elten Holding BV...... Netherlands Alba Allgemeine Versicherungs- Gesellschaft...................... Switzerland Albertini & C. SGR pA (vormals A. D. Gestioni SGR pA).................. Italy Albertini & C. SIM pA............... Italy Alexander Kralis Ltd. .............. Greece Alfa Trade Corporation spol s.r.o. ........................... Czech Republic Alico-Beteiligungsgesellschaft mbH............................... Germany Alida Grundstucksgesellschaft mbH & Co. KG............................ Germany Alida Grundstucksverwaltungs GmbH... Germany ALLAGO AG........................... Germany Allianz Australian (Run-Off) Limited........................... Australia Allianz (Canadian) Insurance Management Inc. .................. Canada Allianz (UK) Ltd. .................. Great Britain Allianz AADB Fonds.................. Germany Allianz ABS Fonds................... Germany Allianz AGF MAT UK Holding.......... France Allianz Alpic Finance Company Ltd. ............................. India Allianz America Latina S.C. Ltda.... Brazil Allianz Asset Management (Ltd. ).... China Allianz Asset Management (Singapur) Limited........................... Singapore Allianz Asset Management Asia Pacific GmbH...................... Germany Allianz Asset Management Ltd. ...... Great Britain Allianz Asset Management............ Switzerland Allianz Australia Workers Compensation (Victoria) Limited... Australia Allianz Australia Advantage Ltd. ... Australia

SUBSIDIARY JURISDICTION - ---------- ------------ Allianz Australia Employee Share Plan Pty 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 (No. 2)................................ Australia Allianz Australia Services Pty Limited........................... Australia Allianz Australia Workers Compensation (NSW) Limited........ Australia Allianz Australia Workers Compensation (SA) Limited......... Australia Allianz Autowelt GmbH............... Germany Allianz BADB Fonds.................. Germany Allianz Beteiligungs Management GmbH.............................. Germany Allianz BRAG Fonds.................. Germany Allianz Bulgaria Holding Company Ltd. ............................. Bulgaria Allianz Bulgaria Insurance and Reinsurance Company Ltd. ......... Bulgaria Allianz Bulgaria Life Insurance Company Ltd. ..................... Bulgaria Allianz Bulgaria Pension Assurance Company Ltd. ..................... Bulgaria Allianz Capital Management GmbH..... Germany Allianz Capital Managers GmbH....... Germany Allianz Capital Partners GmbH....... Germany Allianz Cash Pool LLC............... Delaware Allianz Center Management GmbH (ACM)............................. Germany Allianz Compagnia Italiana Finanziamenti S.p.A. ............. Italy Allianz Compania de Seguros y Reaseguros S.A. .................. Spain Allianz Cornhill Insurance PLC...... Great Britain Allianz Cornhill Northern Ireland Limited........................... Great Britain Allianz Corporate Island Insurance p.l.c. ........................... Ireland Allianz Corporation (Investment Management) Pte Ltd. ............. Singapore Allianz Credit Card Management Co., S.A. (ex Helvetia Mutual Funds)... Greece Allianz Dazhong Life Insurance Company Ltd. ..................... China Allianz Dresdner Asset Management (UK) Ltd. ........................ Great Britain Allianz Dresdner Asset Management GmbH.............................. Germany

SUBSIDIARY JURISDICTION - ---------- ------------ Allianz Dresdner Asset Management Hong Kong Ltd. ................... Hong Kong Allianz Dresdner Asset Management Ltd. ............................. Singapore Allianz Dresdner Asset Management of America LLC....................... Delaware Allianz Dresdner Asset Management of America LP........................ Delaware Allianz Dresdner Asset Management U.S. Equities LLC................. Delaware Allianz Dresdner Bauspar AG......... Germany Allianz Dresdner Funds Ltd. ........ Great Britain Allianz Dresdner I-1, S.A. de C.V. SIEFORE........................... Mexico Allianz Dresdner Management Services (UK) Ltd. ........................ Great Britain Allianz Dresdner Pension Consult GmbH.............................. Germany Allianz Dresdner Pensionsfonds AG... Germany Allianz Dresdner Securities Investment Consulting Company, Ltd. ............................. Taiwan Allianz Education Fund Inc. ........ Canada Allianz Education Funds International LLC................. Minnesota Allianz EFU Health Insurance Ltd. ............................. Pakistan Allianz Elementar Lebensversicherungs- Aktiengesellschaft................ Austria Allianz Elementar Versicherungs- Aktiengesellschaft................ Austria Allianz Elementar Werkkuchen- Betriebsgesellschaft mbH.......... Austria Allianz Europe Finance II N.V. ..... Netherlands Allianz Europe Ltd. ................ Netherlands Allianz FADB Fonds.................. Germany Allianz Far East Holding GmbH....... Germany Allianz FCAG-Fonds.................. Germany Allianz Finance B.V. ............... Netherlands Allianz Finance Corporation......... Delaware Allianz Finance II B.V. ............ Netherlands Allianz Finance S.A. ............... Greece Allianz Finance S.A. ............... Luxembourg Allianz Finanzbeteiligungs GmbH..... Germany Allianz FinanzInvest Beratungs Ges.mbH........................... Austria Allianz Fire and Marine Insurance Japan Ltd. ....................... Japan ALLIANZ FRANCE...................... France Allianz General Insurance Company S.A. ............................. Greece Allianz General Insurance Korea Ltd. ............................. Korea

SUBSIDIARY JURISDICTION - ---------- ------------ Allianz General Insurance Malaysia Berhad............................ Malaysia Allianz GLA Fonds................... Germany Allianz Global Risks Ruckversicherungs-AG.............. Germany Allianz GLR Fonds................... Germany Allianz Greek Mutual Fund Management Co. S.A. ......................... Greece Allianz HAI 2 Fonds................. Germany Allianz Hedge Fund P. (Caymen)...... Cayman Islands Allianz Hedge Fund P. SARL.......... Delaware Allianz Hedge Fund Parners LP....... Delaware Allianz Hedge Fund Partners Holdings LP................................ Delaware Allianz Hedge Fund Partners, Inc. ............................. Delaware Allianz Hungaria Biztosito Rt....... Hungaria Allianz Immobilien GmbH............. Germany Allianz Immobilienfonds 1 KG........ Germany Allianz Immobilienfonds GmbH........ Germany Allianz Individual Insurance Group............................. Minneapolis 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 Allianz Insurance Investments Pty Ltd. ............................. Australia Allianz Insurance Limited........... South Africa Allianz Insurance Management Asia Pacific Pte. Ltd. ................ Singapore Allianz International Ltd. ......... Great Britain Allianz Invest Kapitalanlage GmbH... Austria Allianz Investment 1 B.V. .......... Netherlands Allianz Investment 2 B.V. .......... Netherlands Allianz Investment 3 B.V. .......... Netherlands Allianz Investment 4 B.V. .......... Netherlands Allianz Investment 5 B.V. .......... Netherlands Allianz Investment 6 B.V. .......... Netherlands Allianz Investment 7 B.V. .......... Netherlands Allianz Investment 8 B.V. .......... Netherlands Allianz Investment 9 B.V. .......... Netherlands Allianz Investment 10 B.V. ......... Netherlands Allianz Investment 11 B.V. ......... Netherlands Allianz Investment 12 B.V. ......... Netherlands

SUBSIDIARY JURISDICTION - ---------- ------------ Allianz Investment 13 B.V. ......... Netherlands Allianz Investment 14 B.V. ......... Netherlands Allianz Investment 15 B.V. ......... Netherlands Allianz Investment Bank AG (A.I.B.).......................... Austria Allianz Investment Management B.V. ............................. Netherlands Allianz Ireland p.l.c. ............. Ireland Allianz Irish Life Holdings p.l.c. ........................... Ireland Allianz Kundenservice Gesellschaft mbH............................... Austria Allianz Leben Private Equity Fonds Plus GmbH......................... Germany Allianz Lebensversicherungs-AG...... Germany Allianz Life Insurance Company of North America..................... Minnesota Allianz Life Insurance Company S.A. ............................. Greece Allianz Life Insurance Company...... Korea Allianz Life Insurance Malaysia Berhad............................ Malaysia Allianz Marine & Aviation France.... France Allianz Marine & Aviation Versicherungs-AG.................. Germany Allianz Mexico S.A. Compania de Seguros........................... Mexico Allianz MRD Fonds................... Germany Allianz Nederland Groep NV.......... Netherlands Allianz New Zealand Limited......... New Zealand Allianz Objektbeteiligungs- GmbH.... Germany Allianz Obligations................. France 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 poistovna a.s. ............. Slovakia Allianz pojist'ovna a.s. ........... Czech Republic Allianz President General Insurance......................... Taiwan Allianz President Life Insurance.... Taiwan Allianz Private Equity GmbH......... Germany Allianz Private Equity Holding GmbH.............................. Germany Allianz Private Equity Partners GmbH.............................. Germany

SUBSIDIARY JURISDICTION - ---------- ------------ Allianz Private Krankenversicherungs-AG........... Germany Allianz ProzeSSfinanzierungs GmbH... Germany Allianz PV WS Fonds................. Germany Allianz Re Dublin Ltd. ............. Ireland Allianz Real Estate Corporation..... Delaware Allianz Rentas Vitalicias........... Mexico Allianz Risiko-Service Gesellschaft mbH............................... Austria Allianz Risk Consultant SRL......... Romania Allianz Risk Consultants B.V. ...... Netherlands Allianz Risk Consultants Inc. ...... California Allianz Risk Transfer (Bermuda) Ltd. ............................. Bermuda Allianz Risk Transfer N.V. ......... Netherlands Allianz Risk Transfer............... New York Allianz Risk Transfer............... Switzerland Allianz Romania SA.................. Romania Allianz S.A., A.S. Agencia de Seguros........................... Spain Allianz Services (UK) Limited....... Great Britain Allianz Services Sp. z o.o. ........ Poland Allianz Share Save Scheme Trustees Limited........................... Great Britain Allianz Sociedad de Valores S.A. ... Spain Allianz Specialised Investment Holding GmbH...................... Germany Allianz Subalpina Societa di Assicurazioni e Riassicurazioni S.p.A. ........................... Italy Allianz Suisse Lebensversicherungs- Gesellschaft...................... Switzerland Allianz Suisse Personal Financial Services AG....................... Switzerland Allianz Suisse Versicherungs- Gesellschaft...................... Switzerland Allianz Taunusanlage GbR............ Germany 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 Versicherungs-AG............ Germany Allianz VKA Fonds................... Germany Allianz VKBR-Fonds.................. Germany Allianz VKRD-Fonds.................. Germany Allianz VLBR-Fonds.................. Germany Allianz VRA Fonds................... Germany Allianz VSA Fonds................... Germany

SUBSIDIARY JURISDICTION - ---------- ------------ Allianz VSR Fonds................... Germany Allianz VVB Fonds................... Germany Allianz Wohneigentum GmbH........... Germany Allianz Woningen B.V. .............. Netherlands Allianz Worldwide Care Ltd. ........ Ireland Allianz Zagreb d.d.................. Croatia Allianz ZB d.o.o. Company for the Management of an Obligatory Pension Fund...................... Croatia Allianz ZB d.o.o. company of the management of voluntary pension funds, Zagreb..................... Croatia Allianz Zentrum fur Technik GmbH.... Germany Allianz Zivnobanka penzijni fond as................................ Czech Republic Allianz-ALD-Fonds................... Germany Allianz-ALIK-Fonds.................. Germany Allianz-AVI-1 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 Allianz HME 1 Fonds................. Germany Allianz-Invest-11, Division Leben/ Kranken........................... Austria Allianz-Invest-11, Division S/U (incl. Minorities)................ Austria Allianz-Invest-12, Division Leben/ Kranken........................... Austria Allianz-Invest-12, Division SU (incl. Minorities)................ Austria 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................... Germany Allianz PAZ Fonds................... Germany Allianz PV 1 Fonds.................. Germany Allianz RFG Fonds................... Germany Allianz RMO 1 Fonds................. Germany Allianz SAI Fonds................... Germany

SUBSIDIARY JURISDICTION - ---------- ------------ 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 _ VIA _ Fonds, Division Leben............................. Switzerland Allianz _ VIA _ Fonds, Division SU................................ Switzerland Allianz VVR Fonds................... Germany Allianz-PacLife Partners LLC........ Delaware Allianz-RAS Tutela Giudiziaria S.p.A. ........................... Italy Allianz-Rechtsschutz- Schadensservice-Gesellschaft mbH.. Germany Am Anger Immobilienverwaltungs- GmbH.............................. Germany Am Anger Verwaltungs-GmbH & Co. KG................................ Germany Amaya AG............................ Switzerland Amaya Compania de Seguros y Reaseguros SA..................... Spain 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 Arcalis Evolution................... France Ares- Vermogensverwaltungsgesellschaft mbH............................... Germany Arlon............................... Luxembourg ARS Slovakia, a.s. ................. Slovakia ARSA BV............................. Netherlands Artemis Nominees Ltd. .............. Hong Kong AS Industriebesitz und Beteiligungen Allianz Versicherungs-AG & Co. OHG............................... Germany

SUBSIDIARY JURISDICTION - ---------- ------------ Asopos Vermogensverwaltungsgesellschaft mbH............................... Germany ASREX............................... France 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 (AFI Europe)........................... 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 ALTERNATIVE HOLDINGS L....... France Athena Gestion...................... France Athena Obligations.................. France Athena.............................. France Atrium SAS.......................... France Atropos Vermogensverwaltungsgesellschaft mbH............................... Germany Auslands-Incasso-Bank GmbH.......... Germany Auto Assist SARL.................... Thailand Axioma.............................. Cyprus AZ General Insurance Vietnam........ Vietnam AZ Leben Private Equity Fonds 2001 GmbH.............................. Germany AZ Via Immo 3....................... France AZ-ACI VVG mbH...................... Germany AZ-Alico Beteiligungsgesellschaft mbH & Co. KG...................... Germany AZ-Almuco VVG mbH................... Germany AZ-Aquila Beteiligungsgesellschaft mbH & Co. KG...................... Germany AZ-Arges Vermogensverwaltungsgesellschaft mbH............................... Germany AZ-Argos 2 VVG mbH.................. Germany

SUBSIDIARY JURISDICTION - ---------- ------------ AZ-Argos 3 VVG mbH.................. Germany AZ-Argos 4 VVG mbH.................. Germany AZ-Argos 5 VVG mbH.................. Germany AZ-Argos 6 VVG mbH.................. Germany AZ-Argos 9 VVG mbH.................. Germany AZ-Argos 10 VVG mbH................. Germany AZ-Argos 11 VVG mbH................. Germany AZ-Argos 12 VVG mbH................. Germany AZ-Argos 13 VVG mbH................. Germany AZ-Argos 14 VVG mbH................. Germany AZ-Argos 15 VVG mbH................. Germany AZ-Argos 16 VVG mbH................. Germany AZ-Argos 17 VVG mbH................. Germany AZ-Argos 18 VVG mbH................. Germany AZ-Argos 19 VVG mbH................. Germany AZ-Argos 20 Vermogensverwaltungsgesellschaft mbH............................... Germany AZ-Argos 21 VVG mbH................. Germany AZ-Argos 22 Vermogensverwaltungsgesellschaft mbH............................... Germany AZ-Argos 23 VVG mbH................. Germany AZ-Argos 24 VVG mbH................. Germany AZ-AVG Beteiligungsgesellschaft mbH & Co. KG.......................... Germany AZ-AZL VVG mbH...................... Germany AZB-1 Beteiligungsgesellschaft GmbH & Co. KG.......................... Germany AZB-Arges Vermogensverwaltungsgesellschaft mbH............................... Germany AZB-Arion Vermogensverwaltungsgesellschaft mbH............................... Germany AZ-BDF Vermogensverwaltungsgesellschaft mbH............................... Germany AZF-Arges1 Vermogensverwaltungsgesellschaft mbH............................... Germany AZF-Arges2 Vermogensverwaltungsgesellschaft mbH............................... Germany AZF-Arion Vermogensverwaltungsgesellschaft mbH............................... Germany AZG-Arges Vermogensverwaltungsgesellschaft mbH............................... Germany Azienda Agricola Perolla S.r.l. .... Italy

SUBSIDIARY JURISDICTION - ---------- ------------ AZK-Arges Vermogensverwaltungsgesellschaft mbH............................... Germany AZ-LAD VVG mbH...................... Germany AZL-Alico Vermogensverwaltungsgesellschaft mbH............................... Germany AZL-Almuco VVG mbH.................. Germany AZ-Lambda Beteiligungsgesellschaft mbH & Co. KG...................... Germany AZL-DRB VVG mbH..................... Germany AZ-Leben Private Equity Fonds 1998 GmbH.............................. Germany AZ-LIN Vermogensverwaltungsgesellschaft mbH............................... Germany AZL-Nona VVG mbH.................... Germany AZL-Regina Vermogensverwaltungsgesellschaft mbH............................... Germany AZL-SER Vermogensverwaltungsgesellschaft mbH............................... Germany AZ-MPS Beteiligungsgesellschaft mbH & Co. KG.......................... Germany AZ-Nona Beteiligungsgesellschaft mbH & Co. KG.......................... Germany AZ-Quarta Beteiligungsgesellschaft mbH & Co. KG...................... Germany AZ-Quinta Vermogensverwaltungsgesellschaft mbH............................... Germany AZ-Regina Beteiligungsgesellschaft mbH & Co. KG...................... Germany AZS-Arges Vermogensverwaltungsgesellschaft mbH............................... Germany AZ-SDC Vermogensverwaltungsgesellschaft mbH............................... Germany AZ-SER Vermogensverwaltungsgesellschaft mbH............................... Germany AZ-SGD Private Equity Fonds GmbH.... Germany AZ-SIE Beteiligungsgesellschaft mbH & Co. KG.......................... Germany AZV-Arges Vermogensverwaltungsgesellschaft mbH............................... Germany AZV-Arion Vermogensverwaltungsgesellschaft mbH............................... Germany AZV-Nona Vermogensverwaltungsgesellschaft mbH............................... Germany

SUBSIDIARY JURISDICTION - ---------- ------------ BAF Zeichentrickfilm Beteiligungsgesellschaft mbH...... Germany Banco AGF Bresil.................... Brazil Bank for Europe Ltd. ............... Great Britain Bankhaus W. Fortmann & Sohne........ Germany Banque AGF.......................... France BANQUE pour l'EUROPE SA EUROPA BANK AG BANK for EUROPE Ltd. .......... Luxembourg Bartec GmbH......................... Germany BAWAG Allianz Mitarbeitervorsorgekasse AG....... Austria Bayerische Versicherungsbank AG..... Germany BD-Financial Management Ltd. ....... Ireland Beleggingsmij. Buizerdln............ Netherlands Benfleet Nominees Ltd. ............. Great Britain BERGA Grundstucks- Verwaltungsgesellschaft mbH & Co. KG................................ Germany Bergwitzer Braunkohle AG............ Germany 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 BIP Arbitrage-Gesellschaft mbH i. L. ............................... Germany BIP Asesoria SA..................... Spain Blom et VD AA....................... Netherlands BNP-AK-Dresdner Finansal Kiralama A.S. ............................. Turkey Borgo San Felice S.r.l. ............ Italy Borrowdale Nominees Ltd. ........... Great Britain Braun & Co. Gesellschaft mbH........ Austria British Financial Union Ltd. ....... Great Britain British Reserve Insurance Co. Ltd. ............................. Great Britain Buck Consultants Ireland............ Ireland Buck Heissmann B.V. NL.............. Netherlands Buck Heissmann International Services GmbH..................... Germany Buck Heissmann S.L., E.............. Spain Buck Heissmann Sarl, CH............. Switzerland Buizerlann.......................... Netherlands Bulgaria Net Co. Ltd. .............. Bulgaria Bureau d'Expertises Despretz S.A. ............................. Belgium Burgel Beteiligungs GmbH............ Germany

SUBSIDIARY JURISDICTION - ---------- ------------ Burgel Erfurt Beteiligungsgesellschaft mbH...... Germany Burgel Erfurt GmbH & Co. KG......... Germany Burgel Wirtschaftsinformationen AG Zurich............................ Switzerland Burgel Wirtschaftsinformationen GmbH & Co. KG.......................... Germany Burgel Wirtschaftsinformationen Hamburg GmbH...................... Germany Burgel Wirtschaftsinformationen Vertriebsgesellschaft mbH......... Germany Burgel Wirtschaftsinformationen Verwaltungs-GmbH.................. Germany C. F. Erste Beteiligungsgesellschaft mbH............................... Germany Cabinet Terlier SARL................ France Cadence Capital Management.......... Delaware Cadence Capital Mangement Inc. ..... Delaware Calypso............................. France Camat............................... France Camille Desmoulins.................. France Canada Brokerlink (Ontario) Inc. ... Canada Canada Brokerlink Inc. ............. Canada CAP................................. France Carene.............................. France Carquesel Ltd. ..................... Great Britain CASBROKERS.......................... Chile Cathedral Limited................... Great Britain Caywood Scholl Capital Management LLC............................... Delaware CBL Financial Inc. ................. Canada CCA................................. France CCB Zweite FraMu Beteiligungs GmbH.............................. Germany Cedit Europeen Allianz IRC SICAV Global Aktien..................... Luxembourg Cerip France........................ France Cerl SNC............................ France CERT Zertifizierungsgesellschaft mbH............................... Germany CESCOB uverova pojistovna a.s. ..... Czech Republic Charlesworth Nominees Ltd. ......... Great Britain Chicago Auto Insurance Service, Inc. ............................. Illinois Chicago Insurance Company........... Illinois CIC Allianz Insurance Ltd. ......... Australia City of Westminster................. Great Britain CL Eurofactor France................ France Claims Consultancy & Investigation Services Limited.................. Ireland CLB S.a.r.l. ....................... Luxembourg

SUBSIDIARY JURISDICTION - ---------- ------------ CLS Group Holdings AG............... Germany Club Marine (N.Z.) Ltd. ............ New Zealand Club Marine Limited................. Australia COBAC Services Belgium SA........... Belgium Codinf Services..................... France CODINF.............................. France Cofreph............................. France Colombiana De Inversion............. Colombia Colseguros Capitalizacion........... Colombia Colseguros Generales S.A. .......... Colombia Colseguros Vida S.A. ............... Colombia Colserauto.......................... Colombia Commercial Bank "Bulgaria Invest" Company Ltd. ..................... Bulgaria Commerzbank LEBENCO Fonds........... Germany 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"............ France Companhia de Seguros Allianz Portugal S.A. .................... Portugal COMPANIA DE ASISTENCIA SUDAMERICANA S.A. (CAS SA)..................... Chile Comptoir Financier de Garantie (C.F.G.).......................... France Coparc.............................. France Coris-Bratislava, a.s. ............. Slovakia Cornhill Equity Investments Ltd. ... Great Britain Cornhill Financial Management Ltd. ............................. Great Britain Cornhill Insurance (Guernsey) Ltd. ............................. Great Britain Cornhill Insurance Company Pension Fund Trustees Ltd. ............... 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 COTINCO Assessoria Empresarial Ltda.............................. Brasil COTINCO Beratungsgesellschaft mbH... Germany COTINCO Consultora Tecnica, Industrial y Comercial SA......... Mexico Courtage de Nogent-Le Perreux....... France

SUBSIDIARY JURISDICTION - ---------- ------------ 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 Credit Lyonnais Capital 1........... Luxembourg Credit Lyonnais Eurofactor France... France Credito Argentino Germanico SA...... Argentina Credito Germanico S.A. ............. Uruguay CreditRas Assicurazioni S.p.A....... Italy CreditRas Vita S.p.A................ Italy Crop Growers Corporation............ Delaware Crop Growers Insurance Services Inc............................... Washington Cros Belcher Investissements........ France Cypress Air LLC..................... Delaware DAG Management and Trading Company Ltd. ............................. Cayman Islands 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-Aktien-Euroland _ 897 _ Fonds, Division Leben.................... Switzerland DBI-Aktien-Euroland _ 897 _ Fonds, Division Schaden/Unfall (incl. Minorities)....................... Switzerland DBI- AVM-Fonds...................... Germany DBI-HK1-827-Fonds................... Germany DBI-REAC-Fonds...................... Germany 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

SUBSIDIARY JURISDICTION - ---------- ------------ dbi-Fonds WE........................ Germany DDS Dresdner Direktservice GmbH..... Germany De Kempen........................... Netherlands DEGGO AG Generalunternehmung........ Switzerland DEGI Deutsche Gesellschaft fur Immobilienfonds mbH............... Germany Delcon Finanz AG.................... Switzerland Delta-Vermogensverwaltungs- gesellschaft mbH.................. Germany DET Beteiligungsgesellschaft mbH i. L. ............................... Germany Deutsche AuSSenhandels-Gesellschaft mbH............................... 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 Dieznet Comercio Eloctronico, SA.... Spain Dimensione S.R.L. .................. Italy DirecDial Financial Services Limited........................... Australia Disko-Flug Vermietungsgesellschaft mbH i. L. ........................ Germany DKB EIF Group LLC................... Delaware DKNA Phoenix LLC.................... Delaware DMC Dresdner Management Consult GmbH.............................. Germany DMC Dresdner Management Consult South East Asia Pte Ltd. ......... Singapore DOF, Enterprise Unipersonelle a Responsabilite Limitee............ France Dog Breeder Insurance Company Ltd. ............................. Great Britain Domestic Insurance Services Ltd. ... Great Britain Domus Forsikringsaktieselskabet..... Denmark Donator Beteiligungsverwaltung GmbH.............................. Germany DORANA Dreiundvierzigste Verwaltungsgesellschaft mbH....... Germany DOUBL ' ACTIV 2008 L................ France DOUBL ' ACTIV 2008 N................ France DOUBL'ACTIV 2008 LM................. France DR Gesellschaft fur Diagnostik und Rehabilitation mbH................ Germany Dr. Dr. Heissmann GmbH Unternehmensberatung fur Versorgung & Vergutung............ Germany Drager KB GmbH...................... Germany DRCM INDICE JAPON L................. France

SUBSIDIARY JURISDICTION - ---------- ------------ DRCM JAPON.......................... France DRCM JAPON LM....................... France DreCan Holding Ltd. ................ Canada Drechsel Beleggingen BV............. Netherlands DREGIS Dresdner Global IT-Services Gesellschaft mbH.................. Germany Dreiundzwanzigste DRESIB Beteiligungs-Gesellschaft mbH..... Germany Dreizehnte SIB Beteiligungs- Aktiengesellschaft................ Germany Dresdner Asset Management (Schweiz) AG................................ Switzerland Dresdner Asset Management (Taiwan) Ltd. ............................. Taiwan Dresdner Asset Management (UK) Ltd. ............................. Great Britain Dresdner Asset Management Brasil S/A Distribuidora de Titulos e Valores Mobiliarios....................... Brazil Dresdner Asset Management Ireland Ltd. ............................. Ireland Dresdner Asset Management........... Brazil Dresdner Bank (Hungaria) Rt......... Hungary Dresdner Bank (Ireland) plc......... Ireland Dresdner Bank (Schweiz) AG.......... Switzerland Dresdner Bank AG.................... Germany Dresdner Bank Berlin Finanz-Service i.L. GmbH......................... Germany Dresdner Bank Berlin Immobilien- Service GmbH...................... Germany Dresdner Bank Brasil S.A. Corretora de Cambio, Titulos e Valores Mobiliarios....................... Brazil Dresdner Bank Brasil SA Banco Multiplo.......................... Brazil Dresdner Bank Canada -- Banque Dresdner du Canada --............. Canada Dresdner Bank Croatia dd............ Croatia Dresdner Bank CZ as................. Czech Republic Dresdner Bank Lateinamerika AG...... Germany Dresdner Bank Lateinamerika......... Chile Dresdner Bank Luxembourg SA......... Luxembourg Dresdner Bank Mexico, SA, Institucion de Banca Multiple..... Mexico Dresdner Bank Polska S.A. .......... Poland Dresdner Bank ZAO................... Russian Republic Dresdner BdW Beteiligungsverwaltungsgesellschaft mbH & Co. KG...................... Germany Dresdner Brasil Representacoes Ltda.............................. Brazil Dresdner Brasil Servicos Ltda....... Brazil

SUBSIDIARY JURISDICTION - ---------- ------------ Dresdner Brasil, Participacoes e Servicos Overseas Ltda............ Portugal Dresdner Brazil Finance Ltd. ....... Cayman Islands 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 Corporate Finance GmbH..... Germany Dresdner Finance BV................. Netherlands Dresdner Finanzberatungsgesellschaft mbH............................... Germany Dresdner Finanziaria SpA............ Italy Dresdner Forfaitierungs Aktiengesellschaft................ Switzerland Dresdner Fund Administration (Cayman) Ltd. .................... Cayman Islands Dresdner Gazdasagi Szolgaltato Kft.. Hungary Dresdner Gestion Privee............. France Dresdner Global Asset Management Beteiligungs-GmbH................. Germany Dresdner Guatemala Representacion, Sociedad Anonima.................. Guatemala Dresdner International Management Services Ltd. .................... Ireland 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 Asia Ltd. ............................. Hong Kong Dresdner Kleinwort Capital Beratungs GmbH.............................. Germany Dresdner Kleinwort Capital C&EE General Partner Ltd. ............. Delaware

SUBSIDIARY JURISDICTION - ---------- ------------ Dresdner Kleinwort Capital Central & Eastern Europe GP Ltd. ........... Delaware Dresdner Kleinwort Capital Emerging Europe Beteiligungsverwaltung GmbH.............................. Germany Dresdner Kleinwort Capital Investment Company Ltd. .......... Great Britain Dresdner Kleinwort Capital Investment Trust Ltd. ............ Great Britain Dresdner Kleinwort Capital Italia Beteiligungsverwaltung GmbH....... Germany Dresdner Kleinwort Capital Jersey Ltd. ............................. Great Britain Dresdner Kleinwort Capital Life Sciences GP....................... Delaware Dresdner Kleinwort Capital LLC...... New York Dresdner Kleinwort Capital Spain SL................................ Spain Dresdner Kleinwort Capital UK Ltd. ............................. Great Britain Dresdner Kleinwort Capital Ventures Management Ltd. .................. Great Britain Dresdner Kleinwort Capital Verwaltungs GmbH.................. Germany Dresdner Kleinwort Holdings Inc. ... New York Dresdner Kleinwort Wasserstein (Argentina) SA.................... Brazil Dresdner Kleinwort Wasserstein (Canada) Ltd. .................... Canada Dresdner Kleinwort Wasserstein (China) Ltd. ..................... Hong Kong Dresdner Kleinwort Wasserstein (DRC) Ltd. ............................. Great Britain Dresdner Kleinwort Wasserstein (Hong Kong) Ltd. ....................... Hong Kong Dresdner Kleinwort Wasserstein (Japan) Limited................... Japan Dresdner Kleinwort Wasserstein (LBDP) Holdings Ltd. ............. Great Britain Dresdner Kleinwort Wasserstein (LBDP) Ltd. ...................... Great Britain Dresdner Kleinwort Wasserstein (Nominees) Pte. Ltd. ............. Singapore Dresdner Kleinwort Wasserstein (Services) Inc.................... Panama Dresdner Kleinwort Wasserstein (South East Asia)................. Singapore Dresdner Kleinwort Wasserstein Advisory Services (Thailand) Ltd. ............................. Thailand Dresdner Kleinwort Wasserstein Asesorias y Inversiones Chile Ltda.............................. Chile Dresdner Kleinwort Wasserstein Australia (Securitisation) Pty Ltd. ............................. Australia Dresdner Kleinwort Wasserstein Australia Ltd. ................... Australia

SUBSIDIARY JURISDICTION - ---------- ------------ 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........................ Netherlands Dresdner Kleinwort Wasserstein Finance EURL...................... France Dresdner Kleinwort Wasserstein Finance Inc. ..................... New York Dresdner Kleinwort Wasserstein France SAS........................ France Dresdner Kleinwort Wasserstein France SCA........................ France Dresdner Kleinwort Wasserstein GmbH.............................. Germany Dresdner Kleinwort Wasserstein Grantchester Securities Inc. ..... Delaware Dresdner Kleinwort Wasserstein Group Inc. ............................. Delaware Dresdner Kleinwort Wasserstein Group Ltd. ............................. Great Britain 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 International Ltd. ....... Great Britain Dresdner Kleinwort Wasserstein Leasing June (1) Ltd. ............ Great Britain 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

SUBSIDIARY JURISDICTION - ---------- ------------ 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 SA... Spain Dresdner Kleinwort Wasserstein Securities (Asia) Holdings Ltd. ............................. Hong Kong Dresdner Kleinwort Wasserstein Securities (Asia) Ltd. ........... Hong Kong Dresdner Kleinwort Wasserstein Securities (Australia) Pty Ltd. ............................. Australia Dresdner Kleinwort Wasserstein Securities (India) Private Ltd. ............................. India 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

SUBSIDIARY JURISDICTION - ---------- ------------ 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 Financial Advisors LLC...................... Florida Dresdner Lateinamerika S.A. Corredores de Bolsa............... Chile Dresdner Management Institut GmbH... Germany Dresdner Pension Fund Holdings LLC............................... Delaware Dresdner Polska S.p.z.o.o........... Poland Dresdner Private Placement GmbH..... Germany Dresdner RCM Distributors LLC....... California Dresdner RCM European Bond Fund Management Co. SA................. Luxembourg Dresdner RCM Finances............... 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 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. ........................ Hong Kong Dresdner RCM Global Investors LLC... Delaware Dresdner RCM Global Investors NZ Ltd. ............................. New Zealand Dresdner RCM Global Investors Pacific Ltd. ..................... Bermuda Dresdner RCM Global Investors US Holdings LLC...................... Delaware Dresdner RCM Nominee Services Ltd. ............................. Great Britain Dresdner RCM Strategic Holdings (HK) Ltd. ............................. Hong Kong Dresdner RCM Trust Company.......... California Dresdner Securitized Products GmbH.. Germany Dresdner Symphonica Management S.A. ............................. Luxembourg Dresdner U.S. Finance Inc. ......... Delaware Dresdner Versicherung GmbH.......... Germany

SUBSIDIARY JURISDICTION - ---------- ------------ Dresdner Wirtschaftsdienstleistungsgesellschaft mit beschrankter Haftung.......... Hungary Dresdnerbank asset management SA.... Luxembourg Dresdnerbank investment management Kapitalanlagegesellschaft mbH..... Germany DresdnerGrund-Fonds................. Germany Dresdner-RCM (Mexico) Operadora de Fondos, S. A. de C. V. ........... Mexico DreTec Software Ltd. ............... Ireland Dritte DRESIB Beteiligungs- Gesellschaft mbH.................. Germany Dritte FraMu Beteiligungs GmbH...... Germany Dritte Herakles Beteiligungs- Gesellschaft mbH & Co. KG......... Germany Dritte SIB Beteiligungs- Aktiengesellschaft................ Germany Dritte Sonnenplatz Beteiligungs- Gesellschaft mbH.................. Germany DrKW Asset Finance Ltd. ............ Great Britain DRKW EIV Manager, Inc. ............. Delaware DrKW Equipment Finance (June) Ltd. ............................. Great Britain DrKW Equipment Finance Ltd. ........ Great Britain DrKW Finance LLC.................... Delaware 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 Leasing Ltd. ....... Great Britain DrKW Nominees Ltd. ................. Great Britain DrKW Programme Management Ltd. ..... Great Britain DrKW Programme Management, SA....... France DrKW Standby Nominees Ltd. ......... Great Britain DrKWS Nominees Ltd. ................ Great Britain Edinburgh House Ltd. ............... Great Britain egemis GmbH......................... Germany Einundzwanzigste DRESIB Beteiligungs-Gesellschaft mbH..... Germany El Fenix Espanol S.A. (EFE)......... Spain Elco Leasing Ltd. .................. Great Britain Elderstreet Ballater Ltd. .......... Great Britain Elderstreet Capital Partners Nominees Ltd. .................... Great Britain Elderstreet DrKC Ltd. .............. Great Britain Elderstreet General Partner (Kinetique) Ltd. ................. Great Britain ELFITAS AG.......................... Switzerland

SUBSIDIARY JURISDICTION - ---------- ------------ Elfte SIB Beteiligungs- Aktiengesellschaft................ Germany Elfte Sonnenplatz Beteiligungs- Gesellschaft mbH.................. Germany ELMONDA AG.......................... Switzerland ELUCYDEE............................ France ELVIA ASSISTANCE B.V. .............. Netherlands ELVIA Assistance GmbH............... Austria ELVIA Assistance Kft. (Ltd. )....... Hungary 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. ............................. Netherlands ELVIASeg S.A. ...................... Spain ELVIASSIST Servicos de Assistencia 24 Horas LDA...................... Portugal EmployersLink Corporation........... Delaware Empresa de Inversiones S.A. ........ Peru Energy Insurance Company Ltd. ...... Bulgaria ENTENIAL............................ France EP Euro-Projektentwicklungs GmbH & Co. Objekt 1 KG................... Germany EP Euro-Projektentwicklungs GmbH & Co. Objekt Am Markt Chemnitz KG... Germany EP Euro-Projektentwicklungs- Verwaltungs GmbH.................. Germany Epsiiclinica........................ France Ernst Vigener GmbH & Co. KG......... Germany Erobon Ltd. ........................ Great Britain Erste DRESIB Beteiligungs- Gesellschaft mbH.................. Germany Erste FraMu Beteiligungs GmbH....... Germany Etablissement Nomeco SA............. France Eta- Vermogensverwaltungsgesellschaft mbH............................... Germany ETI Australia Pty Ltd. ............. Australia Etoile Fonciere et Immobiliere...... France Euler -- Cobac Belgium.............. Belgium EULER SERVICIOS DE CREDITO.......... Spain Euler -- SFAC Recouvrement.......... France EULER -- SFAC....................... France Euler & Hermes Germany GmbH......... Germany EULER & HERMES S.A. ................ France Euler American Credit Indemnity Mexico............................ Mexico Euler Credito y Caution............. Spain

SUBSIDIARY JURISDICTION - ---------- ------------ Euler do Brasil Seguros Exportacao.. Brazil Euler do Brasil Seguros............. Brazil Euler Do Brasil Servicos Ltda....... Brazil Euler Gestion....................... France EULER Holding UK PLC................ Great Britain Euler Incorporation................. Maryland Euler International................. Great Britain Euler Re............................ Luxembourg Euler Services...................... France Euler SFAC Asset Management......... France EULER TRADE INDEMNITY PLC........... Great Britain Euler-Cobac Nederland N.V. ......... Netherlands Euler-Cobac Services B.V. .......... Netherlands Euler-SIAC Societa Italiana Assicurazione Crediti S.p.A. ..... Italy Eulertech........................... France Eurl 20/22 Le Peletier.............. France EURL 2D3............................ France Eurl 31 Le Peletier................. France EURL DDV............................ France EURL LAPEYRADE...................... France EURL LIVI DEVELOPPEMENT............. France Euro American Arbitrage Inc. ....... Illinois Euro Drukker Beheer................. Netherlands 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 F.C.C. LOGIFIX...................... France FAI Allianz......................... Australia Failure & Risk Consulting GmbH...... 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. ............................. Singapore Fenchurch Nominees Ltd. ............ Great Britain Fenchurch Nominees Ltd. ............ Great Britain Fenchurch Properties Ltd. .......... Great Britain Fenchurch Trust Ltd. ............... Great Britain Fendrake Ltd. ...................... Great Britain

SUBSIDIARY JURISDICTION - ---------- ------------ Fenix Directo Cia de Seguros y Reaseguros S.A. .................. Spain FGB Frankfurter Gesellschaft fur Bauwerte mbH...................... Germany FGI Frankfurter Gesellschaft fur Industriewerte mbH................ Germany FGL Frankfurter Gesellschaft fur Luftfahrtwerte mbH................ Germany Financiere et Fonciere Europeenne... France Financiere EULER.................... France Financiere Europeenne d'affacturage..................... France Financiere Pythagore................ France Finanztrust AG...................... Germany Finmatic S.r.l. .................... Italy Fireman's Fund Agribusiness Inc. ... Montana Fireman's Fund Foundation........... California Fireman's Fund Indemnity Corporation....................... New Jersey Fireman's Fund Insurance Company of Georgia........................... Georgia Fireman's Fund Insurance Company of Hawaii, Inc. ..................... Hawaii Fireman's Fund Insurance Company of Louisiana......................... Louisiana 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 First Building Management Company Ltd. ............................. Korea First Call Direct Limited........... Ireland First European Alpha Beteiligungs GmbH.............................. Germany First European BETA Beteiligungs GmbH.............................. Germany First European DELTA Beteiligungs GmbH.............................. Germany First European GAMMA Beteiligungs GmbH.............................. Germany First European OMEGA Beteiligungs GmbH.............................. Germany First Rate Direct Limited........... Great Britain Fitrust, Fiduciaire et Trustee SA... Switzerland Foncias Iart........................ Burkina Faso Foncias vie......................... Burkina Faso

SUBSIDIARY JURISDICTION - ---------- ------------ Fondsbank........................... Germany Foreign Holdings Ltd. .............. Great Britain France Life, Seocho-Ku-Seoul........ Korea FRANCE SECOURS INTERNATIONAL ASSISTANCE S.A. .................. France Frank Nominees Ltd. ................ Great Britain Frankfurter Versicherungs-AG........ Germany Freesun Pty Ltd. ................... Australia Funfte DRESIB Beteiligungs- Gesellschaft mbH.................. Germany Funfte FraMu Beteiligungs GmbH...... Germany Funfte Herakles Beteiligungs- Gesellschaft mbH & Co. KG......... Germany Funfte Sonnenplatz Beteiligungs- Gesellschaft mbH.................. Germany Funfundzwanzigste DRESIB Beteiligungs-Gesellschaft mbH..... Germany Funfzehnte DRESIB Beteiligungs- Gesellschaft mbH.................. Germany G. I. (Jersey) Ltd. ................ Great Britain G.I.AZS S.r.l. ..................... Italy G.I.T. Uniphenix.................... France Gaillon Britannia................... France Gaipare Diffusion................... France Gallus Bau-Gesellschaft mbH......... Germany Gamma- Vermogensverwaltungsgesellschaft mbH............................... Germany GAVD Gesellschaft fur Altersvorsorge-Dienstleistungen mbH............................... Germany GbR Berlin Pariser Platz 5a/6....... Germany GE.SI Gestione Sistemi Informativi S.p.A............................. Italy Generale Viagere.................... France Generation Vie...................... France GENIALLOYD S.p.A. .................. Italy Genialpoint S.p.A. ................. Italy GENUJO Beteiligungs-GmbH............ Germany GENUJO Erste Beteiligungs GmbH...... Germany GENUJO Zweite Beteiligungs GmbH..... Germany GENUJO Dritte Beteiligungs GmbH..... Germany GENUJO Vierte Beteiligungs GmbH..... Germany GENUJO Sechste Beteiligungs GmbH.... Germany GENUJO Siebte Beteiligungs GmbH..... Germany GENUJO Achte Beteiligungs GmbH...... Germany GERUSIA Grundstucks- Verwaltungsgesellschaft mbH & Co. KG................................ Germany Gesellschaft fur Vorsorgeberatung... Switzerland

SUBSIDIARY JURISDICTION - ---------- ------------ Gestiass S.r.l. .................... Italy GESTION DE TELESECURITE ET DE SERVICES "GTS" S.A. .............. France GIE Groupe Dresdner KB France....... 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 Gotz GmbH & Co...................... Germany Grafton Properties Limited.......... Ireland Gramat Balard....................... France Green Olives, Inc. ................. Philippines Groupe VB........................... France Growler Trading SA.................. Panama Grundstucksgesellschaft der Vereinten Versicherungen mbH & Co. Besitz- und Betriebs KG........... Germany Grundstucksgesellschaft der Vereinten Versicherungen mbH...... Germany Grundstucks-Gesellschaft mbH........ Germany Guernsey Nominees Ltd. ............. Great Britain GVP Grundwert Verwaltungs- und Projektentwicklungs GmbH.......... Germany GVT Grundbesitz Verwaltung und Treuhand GmbH..................... Germany H.V. Gestion........................ France Hamburger Handels- und Verwaltungs-Gesellschaft mbH...... Germany Hans Roese Versicherungen GmbH...... Germany HANSA-Bau-Gesellschaft mbH.......... Germany Hardy Beteiligungs-Gesellschaft mbH............................... Germany HAUSSMANN CONSEIL SANTE............. France HAUSSMANN GESTION SANTE............. France Hauteville, Guernsey................ Great Britain Havelaar Drukker Beheer............. Netherlands Havelaar et Van Stolk............... Netherlands HB Rt. Penztaruzemeltetesi GmbH..... Hungary HELVIASS Verzekeringen BV........... Netherlands Herakles Beteiligungs-Gesellschaft mbH............................... Germany HERMES & EULER CREDIT INSURANCE AGENCY (S) PTE LTD................ Singapore Hermes & Euler Credit Services (Japan) Ltd. ..................... Japan Hermes Beteiligungen GmbH........... Germany Hermes Consult Kft.................. Hungary Hermes Credit & Guarantee plc....... Great Britain

SUBSIDIARY JURISDICTION - ---------- ------------ Hermes Credit Insurance Scandinavia AB................................ Sweden Hermes Credit Services Ltd. ........ Great Britain Hermes Credit Underwriters Hong Kong Limited........................... China Hermes e-Business GmbH.............. Germany HERMES Forderungsmanagement GmbH.... Germany Hermes Gesellschaft fur Informations-Dienstleistungen mbH............................... Germany Hermes Kreditversicherung Ungarn AG................................ Hungary 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 Hermes Servizi Assicurazione Crediti S.r.l. ........................... Italy Hermes Serwis Ubezpieczen Kredytowych....................... Poland Hermes Versicherungsbeteiligungen GmbH.............................. Germany Hermes Versicherungsholding GmbH.... Austria Hermes-Gesellschaft fur Finanzdienstleistungen mbH........ Germany Hermes-Kredit Service s.r.o. ....... Czech Republic Herradura Ltd. ..................... Great Britain Hetha Erste Beteiligungsgesellschaft mbH............................... Germany Hetha-Beteiligungsgesellschaft mbH.. Germany Hilary Nominees Ltd. ............... Great Britain Hilary Street Properties Ltd. ...... Great Britain Holland Beleggingsgroep............. Netherlands Holland Bewaarbedrijf B.V. ......... Netherlands Honeywell Grundbesitzverwaltungs- GmbH & Co. Vermietungs-KG......... Germany Hotel Metropol, a.s. ............... Slovakia Hotel Sirava, a.s. ................. Slovakia Hungaria Biztosito Rt Szolgaltato es Ellato Kft. (Betriebs- und Versorgungs-GmbH)................. Hungary Hungaria Biztosito Szamitastechnikai Kft (Hungaria EDV- Betriebsgesellschaft mbH)......... Hungary Hunter Premium Funding Ltd. ........ Australia I.T.E.B............................. Netherlands IDS GmbH -- Analysis and Reporting Services.......................... Germany

SUBSIDIARY JURISDICTION - ---------- ------------ IFS Individual Family Services AG... Switzerland Ignis GmbH.......................... Germany Immo Spain.......................... Spain Immobiliara Inverfenix SA........... Spain Immobiliere Vendome................. France Immovalor Gestion................... France Induboden GmbH...................... Germany Industriedruck Krefeld Kurt JanSSen GmbH & Co KG i.K. ................ Germany Inmobiliaria Driavena............... Venezuela Instel, a.s. ....................... Slovakia 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 DBLA Limitade........... Chile Investimur nouvelle................. France INVESTITORI HOLDING SPA............. France INVESTITORI SGR..................... France INVESTITORI SWISS................... Switzerland IPC GmbH International Pension & Compensation Consultants.......... Germany IPC International Pension Consultants GmbH.................. Austria ISAAF Mondial Assistance S.A. ...... Morocco ITB Immobilientreuhandgesellschaft mbH............................... Austria JBC Ltd. ........................... Cayman Islands JeffCo Management Company Inc. ..... New Jersey Jefferson Insurance Company of N.Y. ............................. New York Johneve............................. Great Britain Jota- Vermogensverwaltungsgesellschaft mbH............................... Germany K.B.I.M. Overseas BV................ Netherlands Kappa Holdings Ireland Limited...... Ireland KB (C.I.) Nominees Ltd. ............ Great Britain KB Asset Leasing Ltd. .............. Great Britain KB EMF II (Guernsey) Ltd. .......... Great Britain KB Equipment Leasing Ltd. .......... Great Britain

SUBSIDIARY JURISDICTION - ---------- ------------ KB Investment Management International..................... Great Britain KBEMF (GP) Ltd. .................... Great Britain KBEMF II (Guernsey) 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 KEVA spol........................... Slovakia KGB Kraftwerksgesellschaft mbH...... Germany Kleber Lamartine.................... France Kleber Mirabeau..................... France Kleber Passy........................ France Kleber Poincare..................... France Kleinwort Benson (Channel Islands) Investment........................ Great Britain Kleinwort Benson (Channel Islands) Investment Management Limited..... Great Britain Kleinwort Benson (Channel Islands) Ltd. ............................. Great Britain Kleinwort Benson (Channel Islands) Trustees.......................... Great Britain Kleinwort Benson (Geneva) Trustee SA................................ Switzerland Kleinwort Benson (Guernsey) Fund Services Ltd. .................... Great Britain Kleinwort Benson (Guernsey) Ltd. ... Great Britain Kleinwort Benson (Guernsey) Services Ltd. ............................. Great Britain Kleinwort Benson (Guernsey) Trustees Ltd. ............................. Great Britain 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 Kleinwort Benson Channel Islands (Holdings)........................ Great Britain

SUBSIDIARY JURISDICTION - ---------- ------------ Kleinwort Benson China Management Ltd. ............................. Hong Kong 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 Financiere SA i. L. ............................... Switzerland Kleinwort Benson Gilts Ltd. ........ Great Britain Kleinwort Benson GmbH............... Germany 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 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. .................... Hong Kong Kleinwort Benson Trustees Ltd. ..... Great Britain Kleinwort Benson Unit Trusts Ltd. ............................. Great Britain Knowlfa Ltd. ....................... Great Britain KOMMATA Verwaltungsgesellschaft mbH & Co. KG.......................... Germany Kraft Versicherungs-AG.............. Germany KTC Kommunikations- und Trainings- Center Konigstein GmbH............ Germany LA FIN SIM S.P.A. .................. Italy 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

SUBSIDIARY JURISDICTION - ---------- ------------ L'Assicuratrice Italiana Danni...... Italy L'Assicuratrice Italiana Vita S.p.A. ........................... Italy LDS................................. Italy Les Hautes Villes................... France Life Agency USA of Minnesota Inc.... Minnesota LIFE BUSINESS TEAM.................. Belgium LJ SARL............................. France Lloyd Adriatico S.p.A. ............. Italy Lloyd Arte S.p.A. .................. Italy LOGICA.............................. Italy Logistikwerkstatt Assistance GmbH... Austria Lombardkasse AG..................... Germany London Verzekeringen NV............. Netherlands LPIT Trading Ltd. .................. Great Britain LTCAmerica.......................... Minnesota Lufthansa Leasing GmbH & Co. Echo-Oscar KG..................... Germany Lufthansa Leasing GmbH & Co. Echo-Papa KG...................... Germany M.R. Print Management Ltd. ......... Great Britain Madeleine SA........................ France Manufacturers' Mutual Insurance Limited........................... Australia Marbot Pty Ltd. .................... Australia Marlyna Ltd. ....................... Great Britain Martin Maurel Vie................... France Mathis Assurances................... France Mauritius Island, Mascareignes Services Assistance- MSA Ltd. .... Morocco MBA Insurance Co. Sdn. Bhd. (MBA Brunei)........................... Singapore McGee Insurance Co. (Bermuda) Ltd. ............................. Bermuda Medisalud........................... Colombia Menza Grundstucks- Verwaltungsgesellschaft mbH & Co. KG................................ Germany Merchant Investors (Trustee Services) Ltd. ................... Great Britain Merchant Investors Assurance Company Ltd. ............................. Great Britain MERCOSUL ASSISTANCE ARGENTINE....... Argentina MERCOSUL............................ Brazil Merkur Grundstucks-Gesellschaft mbH............................... Germany MERLAN Mobilien- Verwaltungsgesellschaft mbH & Co. Projekt Nr. 16 KG................. Germany META Finanz-Informationssysteme GmbH.............................. Germany

SUBSIDIARY JURISDICTION - ---------- ------------ MetallRente Pensionsfonds AG........ Germany Metropole........................... France MFG Flughafen- Grundstucksverwaltunggesellschaft mbH & Co. BETA KG................. Germany Microplast.......................... Slovakia Midway Insurance Company of Illinois.......................... Illinois MMI Insurance (Fiji) Ltd. .......... New Zealand MMI Investments Mauritius........... Mauritius MMI Singapore Pte Limited........... Singapore MMI Worksafe Malaysia Sdn Bhd....... Malaysia Moerkerke........................... Belgium Mondial Assistance Australia Holding Pty Ltd. ......................... Australia MONDIAL ASSISTANCE FRANCE "MAF" S.A. ............................. France Mondial Assistance Germany GmbH..... Germany Mondial Assistance Holding Germany AG................................ Germany Mondial Assistance Italia S.p.A. ... Italy Mondial Assistance Japan............ Japan 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 Agrarversicherung AG.............. Germany Munsterlandische Bank Thie & Co..... Germany MVK Datenmanagement GmbH............ Austria N.A.P. ............................. Netherlands N.V. Interborg...................... Netherlands NAM Nominees Ltd. .................. Great Britain National Surety Corporation......... Illinois Nederland Hypotheekservice B.V. .... Netherlands Nem Business Services............... Great Britain NEM Insurance Ireland............... Ireland Nemian Life S.A. ................... Luxembourg Nereus Vermogensverwaltungsgesellschaft mbH............................... Germany Neubar SA i. L. .................... Switzerland Neunte DRESIB Beteiligungs- Gesellschaft mbH.................. Germany Neunte Herakles Beteiligungs- Gesellschaft mbH & Co. KG......... Germany

SUBSIDIARY JURISDICTION - ---------- ------------ Neunte SIB Beteiligungs- Aktiengesellschaft................ Germany Neunte Sonnenplatz Beteiligungs- Gesellschaft mbH.................. Germany NFJ Investment Group................ Delaware NFJ Management Inc. ................ Delaware Nicholas Applegate Capital Management LLC.................... Delaware Nicholas Applegate Holdings LLC..... Delaware Nicholas Applegate Securities LLC... Delaware Nicholas Applegate Securities International..................... California Nicholas-Applegate.................. California NIXOR Grundstucks- Verwaltungsgesellschaft mbH & Co. KG................................ Germany Nona- Vermogensverwaltungsgesellschaft mbH............................... Germany Nordinvest HKV-Fonds................ Germany Norman Nominees Ltd. ............... Great Britain North American London Underwriters, Ltd. ............................. Bermuda Objekt Burchardplatz GmbH & Co. KG................................ Germany OCC Distributors LLC................ Delaware Oddo Indice Euro.................... France OLB-Beteiligungsgesellschaft mbH.... Germany OLB-Immobiliendienst GmbH........... Germany OLB-Versicherungsdienst GmbH........ Germany Oldenburgische Landesbank AG........ Germany Omega Poprad, a.s. ................. Slovakia Omega Thai Investment Holding....... Netherlands Omnium Opel Handler Versicherungsdienst GmbH.......... Germany OpCap Advisors LLC.................. Delaware Opernringhof Bau- und Betriebs AG... Austria Oppenheimer Capital AM.............. Delaware Oppenheimer Capital LLC............. Delaware 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

SUBSIDIARY JURISDICTION - ---------- ------------ 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 Organizacion G.o.a. S.A. ........... Peru Orpheus Vermogensverwaltungsgesellschaft mbH............................... Germany 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 Pallas- Vermogensverwaltungsgesellschaft mbH............................... Germany Parc Continental Ltd. .............. Great Britain Parctech Mietprogramme GmbH......... Germany Parkway Insurance Company........... New Jersey Participations Gentil............... France Pasquier............................ France Pegasus Beteiligungsgesellschaft mbH............................... Germany PEMSE S.A. ......................... Spain Pension & Compensation Consulting GmbH.............................. Germany Perseus- Vermogensverwaltungsgesellschaft mbH............................... Germany Personalized Brokerage Service...... Kansas Pet Plan (Proprietary) Ltd. ........ South Africa Pet Plan Group Ltd. ................ Great Britain Pet Plan Health Care Ltd. .......... Great Britain Pet Plan International Ltd. ........ Great Britain Pet Plan Ltd. ...................... Great Britain Pet Plan U.S.A. Inc. ............... New York Peter Street Properties Ltd. ....... Great Britain Phenix Alternative Holding.......... France Phenix Developpement Gestion........ France Phenix Iart......................... Switzerland Phenix Immobilier................... France Phenix Kleber....................... France

SUBSIDIARY JURISDICTION - ---------- ------------ Phenix USA.......................... France Phenix Vie.......................... Switzerland Philippe II S.C.I. ................. Luxembourg Philpot Nominees Ltd. .............. Great Britain PIMCO Advisors Advertising Agency, Inc. ............................. Delaware PIMCO Advisors CD Distributors, LLC............................... Delaware PIMCO Advisors Distributors LLC..... Delaware PIMCO Advisors Fund Management LLC............................... Delaware PIMCO Advisors Managed Accounts LLC............................... Delaware PIMCO Advisors Retail Holdings LLC.. Delaware PIMCO Advisors Services............. Delaware PIMCO Asia PTE Ltd. ................ Singapore PIMCO Australia Pty Ltd. ........... Australia PIMCO Equity Advisors, LLC.......... Delaware PIMCO Equity AM..................... Delaware PIMCO Equity Partners, LLC.......... Delaware PIMCO Europe Limited................ Great Britain 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 Japan Ltd. ................... Japan PIMCO Private Client Services, LLC.. Delaware PIMCO Specialty Markets LLC......... Delaware Pioneer Allianz Life Assurance Corporation....................... Philippines PL Sarl............................. France 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 Protexia France..................... France

SUBSIDIARY JURISDICTION - ---------- ------------ Providentia Vermogensverwaltungs- Betriebsgesellschaft mbH.......... Austria PTE Allianz Polska SA............... Poland Puren -- Schaumstoff GmbH........... Germany Qualis.............................. France 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 ALTERNATIVE INVESTMENTS SGR S.p.A. ........................... Italy RAS Asset Management SGR S.p.A. .... Italy RAS Asset Management................ Luxembourg Ras Hellas S.A. .................... Greece RAS IMMOBILIARE SRL................. Italy RAS International France III S.A.R.L. ......................... France Ras International N.V. ............. Netherlands RAS Investimenti S.i.m. S.p.A. ..... Italy RAS Participations E.U.R.L. ........ France Rasbank S.p.A. ..................... Italy Rasfin Societa di Intermediazione Mobiliare S.p.A. ................. Italy RASSERVICE s.c.p.a. ................ Italy RB Fiduciaria SpA. ................. Italy RB Vita S.p.A. ..................... Italy RBL Finance Ltd. ................... Great Britain RBL Industrial Finance Ltd. ........ Great Britain RC Verwaltungs- und Beteiligungsgesellschaft mbH...... Germany Real Iena SAS....................... France Real Messine SAS.................... France Real Reaumur SAS.................... France Reaumur............................. France Receivable Partners Inc. ........... Delaware Receivable Partners................. New York Recovre Pty Ltd. ................... Australia Reliance Trading Company (Liverpool) Ltd. ............................. Great Britain Rentech Finance Ltd. ............... Great Britain Rentech Hire Ltd. .................. Great Britain RES Gesellschaft fur Immobilienbesitz mbH.............. Germany Reunion Island, Bourbon Service Assistance S.A. .................. France

SUBSIDIARY JURISDICTION - ---------- ------------ Reuschel & Co. Beteiligungs- und Verwaltungs GmbH.................. Germany Reuschel & Co. Finanz-Service GmbH.............................. Germany Reuschel & Co. Verwaltungs GmbH..... Germany Reuschel & Co....................... Germany Revue Signature..................... France RHEA................................ Luxembourg Rhimo............................... France Rhone Nominees SA................... Panama Rijn Wall Assuradeuren.............. Netherlands Risk & Safety Services Limited...... Ireland 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 Romanus Zug GmbH.................... Switzerland Rood Nominees Ltd. ................. Great Britain Royal Nederland Fondsen Beheer...... Netherlands Royal Nederland Leven............... Netherlands Royal Nederland Schade.............. Netherlands Royal Schiedam Schade............... Netherlands RVB Verwaltungs- und Beteiligungs GmbH.............................. Germany S. C. I. Dutilleul.................. France S. C. I. Garibaldi.................. Great Britain S. C. I. Part-Dieu.................. Great Britain S.C. ASIT REAL ESTATE S.R.L. ....... Romania S.C.I. de la Boucle................. France S.I.A.P.S.A. ....................... Spain S.I.B.I. ........................... France S.N.C. SNC Dresdner Service......... France SA du Hameau........................ France SA Immobiliere de L'Avenue du Roule............................. France Sa Paindavoine...................... France Sabesac Investimentos S/C Ltda...... Brazil SACNAS DEVELOPPEMENT 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 SANTECLAIR.......................... France

SUBSIDIARY JURISDICTION - ---------- ------------ SARL BTKM........................... France Sarl de l'Etoile.................... France SARL du Rocher Saint Helene......... France Sarl FFE............................ France SARL G V DEVELOPPEMENT.............. France SARL H.B. Pergola................... France SARL MEDISPAC....................... France SARL MIDAGUIEM...................... France SARL MJBD........................... France SARL PASCALE........................ France SARL RM Arroux...................... France SAS LAENNEC......................... France SAT S.A. ........................... Turkey Schmalbach-Lubeca Finanzanlagen GmbH.............................. Germany Schmalbach-Lubeca Holding GmbH...... Germany SCI Atrium W9....................... France SCI AVIP Atlantique................. France SCI AVIP Boulogne Schumann.......... France SCI AVIP de Champ Laurent........... France SCI Avip des Pivolles............... France SCI AVIP La Templerie............... France SCI AVIP Limas du Vieux CEP......... France SCI AVIP Marly-Saint Cyr............ France SCI AVIP Paris X.................... France SCI AVIP SCPI Selection............. France SCI Bel............................. France SCI Bercy W9........................ France SCI Cardidaloc...................... France SCI Champs Elysee................... France SCI Chaponnay....................... France SCI Chene Alpes..................... France SCI des 108 et 110 Boulevard Haussmann......................... France SCI des Mercieres................... France SCI Dicca........................... France SCI Du Manoir Queval................ France SCI en Presles...................... France SCI F.D.B.L. ....................... France SCI Fonciere du mas de Roman........ France SCI Immobiliere des Pennes Mirabeau.......................... France SCI J.T............................. France SCI Jamin........................... France SCI Jelavie......................... France SCI La Balandrane................... France SCI La Riche 540.................... France SCI La Rize......................... France

SUBSIDIARY JURISDICTION - ---------- ------------ SCI Ladef........................... France SCI Lajevie......................... France SCI Limmo 2......................... France SCI Limmo........................... France SCI Marcleau........................ France SCI mediterranee distribution....... France SCI PRELLOYD........................ France SCI Rhone Alpe...................... France SCI Rue Babeuf...................... France SCI Stratus......................... France SCI Trescol......................... France SCI Turenne......................... France SCI Vilaje.......................... France Sealdrift Ltd. ..................... Great Britain Sechste Herakles Beteiligungs- Gesellschaft mbH & Co. KG......... Germany Sechste Sonnenplatz Beteiligungs- Gesellschaft mbH.................. Germany Sechzehnte DRESIB Beteiligungs- Gesellschaft mbH.................. Germany Secodis............................. France Secunda- Vermogensverwaltungsgesellschaft mbH............................... Germany Security Ltd. ...................... Greece Serexim............................. France Setri............................... France Sexta- Vermogensverwaltungsgesellschaft mbH............................... Germany SFAC Credit......................... France SHA Seminarhotel AG................. Switzerland Shertoon Pty Ltd. .................. Australia Shield Developments (Proprietary) Ltd. ............................. South Africa SIAC Services spa................... Italy Siebte Herakles Beteiligungs- Gesellschaft mbH & Co. KG......... Germany Siebte SIB Beteiligungs- Aktiengesellschaft................ Germany Siebzehnte DRESIB Beteiligungs- Gesellschaft mbH.................. 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 Slovenska poist'ovna a.s. .......... Slovakia Slovkarpatia, a.s. ................. Slovakia

SUBSIDIARY JURISDICTION - ---------- ------------ SNA Holding (Bermuda) Ltd. ......... Bermuda SNA Re.............................. Bermuda SNA Sal............................. Lebanon SNAC Iart........................... Cameroon SNAC VIE............................ Cameroon SNAS IARD Sa........................ Senegal SNAS Vie Sa......................... Senegal SNC AGF Cash........................ France SNC AGF Clearing.................... France SNC AIP............................. 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 EUROPEENNE DE PROTECT. ET DE SEVICES D'ASSIST. A DOMICILE "S.E.P.S.A.D." S.A. .............. France Societe Financiere du Leman......... Switzerland Societe Fonciere Europeenne......... France SOCIETE FRANCAISE DE DEPANNAGE ET DE SERVICES "S.F.D.S."............... France Societe Nationale Fonciere SAL...... Lebanon Sofiholding......................... Belgium Sofiras Underwriters S.A. .......... Luxembourg Sogafi.............................. France Somerset Valley Insurance Services, LLC............................... New Jersey Sonimm.............................. France Sorega.............................. France Southwark Bridge Investments Ltd. .. Great Britain Space Park GmbH & Co. KG............ Germany SSC Societe de Services Communs..... France STAIK............................... Russian Republic 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

SUBSIDIARY JURISDICTION - ---------- ------------ Sudamero Consultoria SA............. France Sudamero Trust Company (Cayman) Ltd. ............................. Cayman Islands Suddeutsche Industrie- Beteiligungs- Gesellschaft mbH.................. Germany Suffolk Investments Inc. ........... New York Suffren Federation.................. France SVV-Beteiligungs GmbH............... Germany T.U. Allianz Polska S.A. ........... Poland T.U. Allianz Polska Zycie S.A. ..... Poland Target Insurance Brokers Pte Ltd. (TIB)............................. Singapore Tax Planning Seminars Inc. ......... New Jersey Tech-Line Insurance Services Ltd. ............................. Canada The Ajax Insurance Association Ltd. ............................. Great Britain The American Insurance Company...... Nebraska The Kleinwort Benson Mezzanine Fund L.P............................... New York 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 Thornton Brokerage Ltd. ............ Hong Kong 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 Travel Care Inc. ................... Florida 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 Universal Leven..................... Netherlands Universal Trading Ltd. ............. Great Britain Unterstutzungseinrichtung des Bankhauses Reuschel & Co. GmbH.... Germany USAllianz Advisers, LLC............. Minnesota USAllianz Insurance & Securities Agency, Inc. ..................... Minnesota

SUBSIDIARY JURISDICTION - ---------- ------------ 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 Insurance Agency, Inc. ... Delaware USAllianz Investor Services, LLC.... Minnesota USAllianz Securities................ Minnesota Valley Green Business Park Inc. .... Minnesota Valley Green Business Park Ltd. .... Minnesota Vauban Mobilisations Garanties...... France Veer Palthe Voute NV................ Netherlands Vencap.............................. France Vendome Capital..................... France Vendome Investissements............. France Vendome Lease SA.................... Great Britain Vereinte Spezial Krankenversicherung AG................................ Germany Vereinte Spezial Versicherung AG.... Germany Verlag Arbeit und Alter GmbH........ Germany Vernon.............................. France VIA PIERRE 1........................ France Vierte Herakles Beteiligungs- Gesellschaft mbH & Co. KG......... Germany Vierundzwanzigste DRESIB Beteiligungs-Gesellschaft mbH..... Germany Vignon.............................. France Villa La Pagliaia S.r.l. ........... Italy Vina de Larose...................... Chile Vintage Insurance Company........... California W Finance Assurances................ France W Finance........................... France W9 Atrium SARL...................... France W9 Bercy SARL....................... France Warner Insurance Company............ Illinois Wasserstein Perella & Co. Deutschland GmbH.................. Germany

SUBSIDIARY JURISDICTION - ---------- ------------ 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 & Co., Limited........................... Great Britain Wasserstein Perella (France) SA..... France Wasserstein Perella Group Holdings, LLC............................... Delaware WDDC Inc. .......................... Delaware WebTek Software Private Limited..... 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 Wilhelm Reuschel GmbH............... Germany Willemsbruggen...................... Netherlands 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 World Access ASIA (PTE) Ltd. ....... Singapore 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..................... Netherlands ZA Europa........................... Netherlands ZA Herverzekering B.V. ............. Netherlands ZA Hypotheken....................... Netherlands ZA Leven N.V. ...................... Netherlands ZA Verzekeringen N.V. .............. Belgium

SUBSIDIARY JURISDICTION - ---------- ------------ Zehnte Herakles Beteiligungs- Gesellschaft mbH & Co. KG......... Germany Zehnte SIB Beteiligungs- Aktiengesellschaft................ Germany Zehnte Sonnenplatz Beteiligungs- Gesellschaft mbH.................. Germany Zenon Beteiligungs-GmbH............. Germany Zweite FraMu Beteiligungs GmbH...... Germany Zweite Herakles Beteiligungs- Gesellschaft mbH & Co. KG......... Germany

SUBSIDIARY JURISDICTION - ---------- ------------ Zweite Sonnenplatz Beteiligungs- Gesellschaft mbH.................. Germany Zwolfte DRESIB Beteiligungs- Gesellschaft mbH.................. Germany Zwolfte SIB Beteiligungs- Aktiengesellschaft................ Germany Zwolfte Sonnenplatz Beteiligungs- Gesellschaft mbH.................. Germany Zwolsche Algemeene Schadeverzekering N.V. ............................. Netherlands