EXHIBIT 21.01



LIST OF REGISTRANTS SUBSIDIARIES



|                                                  |  |               
|------------------------------------------------- |  | --------------
|Allaire Corporation                               |  | United States 
|                                                  | 
|Allaire Securities Corporation                    |  | United States 
|                                                  | 
|Allaire International, Inc.                       |  | United States 
|                                                  | 
|Bright Tiger Technologies, Inc.                   |  | United States 
|                                                  | 
|Live Software, Inc.                               |  | United States 
|                                                  | 
|Valto Systems, Inc.                               |  | United States 
|                                                  | 
|Presedia, Inc.                                    |  | United States 
|                                                  | 
|Middlesoft, Inc.                                  |  | United States 
|                                                  | 
|Allaire Europe Holdings B.V.                      |  | Netherlands   
|                                                  | 
|Macromedia Netherlands B.V.                       |  | Netherlands   
|                                                  | 
|Macromedia Ireland Ltd.                           |  | Ireland       
|                                                  | 
|Macromedia Software Ireland Limited               |  | Ireland       
|                                                  | 
|Macromedia Canada Ltd.                            |  | Canada        
|                                                  | 
|Macromedia Europe Ltd.                            |  | United Kingdom
|                                                  | 
|Macromedia Japan KK                               |  | Japan         
|                                                  | 
|Macroweb Software GmbH                            |  | Germany       
|                                                  | 
|Allaire GmbH                                      |  | Germany       
|                                                  | 
|Macromedia SARL                                   |  | France        
|                                                  | 
|Macromedia, A.B.                                  |  | Sweden        
|                                                  | 
|Macromedia Hong Kong Ltd.                         |  | China         
|                                                  | 
|Macromedia South Asia Pte. Ltd.                   |  | Singapore     
|                                                  | 
|Macromedia S.r.l.                                 |  | Italy         
|                                                  | 
|Macromedia Brasil Ltda.                           |  | Brazil        
|                                                  | 
|Macromedia GmbH                                   |  | Switzerland   
|                                                  | 
|Macromedia Software, S.L.                         |  | Spain         
|                                                  | 
|Macromedia Korea, Ltd.                            |  | South Korea   
|                                                  | 
|Macroweb Software de Mexico                       |  | Mexico        
|                                                  | 
|Macromedia Belgium BVBA                           |  | Belgium       
|                                                  | 
|Macromedia Asia Pacific Pty, Ltd.                 |  | Australia     
|                                                  | 
|Macromedia Research and Development Private, Ltd. |  | India