EXHIBIT 8.1



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|Subsidiaries                                                                       |  | Jurisdiction of Incorporation
|Agenciamiento y Servicios Profesionales S.A.                                       |  | Mexico                       
|Alto Paraná S.A.                                                                   |  | Argentina                    
|Arauco Australia S.A.                                                              |  | Australia                    
|Arauco Colombia S.A.                                                               |  | Colombia                     
|Arauco Denmark ApS                                                                 |  | Denmark                      
|Arauco Distribución S.A.                                                           |  | Chile                        
|Arauco do Brasil S.A.                                                              |  | Brazil                       
|Arauco Ecuador S.A.                                                                |  | Ecuador                      
|Arauco Florestal Arapoti S.A.                                                      |  | Brazil                       
|Arauco Forest Brasil S.A.(Ex LD Forest Products)                                   |  | Brazil                       
|Arauco Forest Products B.V.                                                        |  | The Netherlands              
|Arauco Generación S.A.                                                             |  | Chile                        
|Arauco Internacional S.A.                                                          |  | Chile                        
|Araucomex S.A. de C.V.                                                             |  | Mexico                       
|Arauco Perú S.A.                                                                   |  | Peru                         
|Arauco Wood Products, Inc.                                                         |  | U.S.A.                       
|Aserraderos Arauco S.A.                                                            |  | Chile                        
|Bosques Arauco S.A.                                                                |  | Chile                        
|Controladora de Plagas Forestales S.A.                                             |  | Chile                        
|Empreendimentos Santa Cruz S.A. (Ex Lucchese
Empreendimentos e Participacoes Ltda. |  | Brazil                       
|Faplac S.A.                                                                        |  | Argentina                    
|Flooring S.A.                                                                      |  | Argentina                    
|Forestal Arauco S.A.                                                               |  | Chile                        
|Forestal Celco S.A.                                                                |  | Chile                        
|Forestal Cholguán S.A.                                                             |  | Chile                        
|Forestal Concepción S.A.                                                           |  | Panama                       
|Forestal Los Lagos S.A.                                                            |  | Chile                        
|Forestal Misiones S.A.                                                             |  | Argentina                    
|Forestal Nuestra Señora del Carmen S.A.                                            |  | Argentina                    
|Forestal Valdivia S.A.                                                             |  | Chile                        
|Industrias Forestales S.A.                                                         |  | Argentina                    
|Inversiones Celco S.L.                                                             |  | Spain                        
|Investigaciones Forestales Bioforest S.A                                           |  | Chile                        
|Leasing Forestal S.A.                                                              |  | Argentina                    
|Paneles Arauco S.A.                                                                |  | Chile                        
|Placas do Paraná S.A.                                                              |  | Brazil                       
|Savitar (Forestal Talavera S.A.)                                                   |  | Argentina                    
|Servicios Logísticos Arauco S.A.                                                   |  | Chile