EXHIBIT 21

                         SUBSIDIARIES OF THE REGISTRANT
                             AS OF FEBRUARY 3, 2001

Name                                               Jurisdiction of Incorporation
----                                               -----------------------------

ABG Corp.                                          Nevada
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Babiesrus.com, LLC                                 Delaware
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Baby Superstore, Inc.                              South Carolina
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Geoffrey, Inc.                                     Delaware
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Geoffrey International, Inc.                       Delaware
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MLK, Inc.                                          Missouri
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MMT, Inc.                                          Utah
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Toysrus.comassetholdco, LLC                        Delaware
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Toysrus.comdc, LLC                                 Delaware
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Toysrus.com, Inc.                                  Delaware
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Toysrus.com, LLC                                   Delaware
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Toys "R" Us - Belgium, Inc.                        Delaware
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Toys "R" Us - Delaware, Inc.                       Delaware
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Toys "R" Us - Mass, Inc.                           Massachusetts
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Toys "R" Us - NY/Texas Holdings, Inc.              Delaware
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Toys "R" Us - NY LLC                               New York
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Toys "R" Us - NYTEX, Inc.                          Delaware
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Toys "R" Us - Ohio, Inc.                           Delaware
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Toys "R" Us - Penn, Inc.                           Pennsylvania
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Toys "R" Us-Services, Inc.                         Delaware
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Toys "R" Us - Texas LLC                            Delaware
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Toys "R" Us - Value, Inc.                          Arkansas
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TRU Belgium Holdings II, Inc.                      Delaware
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TRU Foreign Sales Corporation                      California
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TRU Gulf Services, Inc.                            Delaware
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TRU, Inc.                                          Delaware
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TRU Investments, Inc.                              Delaware
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TRU - LSM Redevelopment Corporation                Missouri
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TRU Netherlands Holdings I, Inc.                   Delaware
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TRU Netherlands Holdings II, Inc.                  Delaware
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TRU Penn Properties Holdings, Inc.                 Delaware
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TRU Penn Properties Trust                          Pennsylvania
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TRU Properties Holdings, Inc.                      Delaware
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TRU Properties, Inc.                               Delaware
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TRU (Vermont), Inc.                                Vermont
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Toys "R" Us (Australia) Pty, Ltd.                  Australia
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Toys "R" Us (Head Office) Pty. Ltd.                Australia
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Toys "R" Us (Wholesale) Pty. Ltd.                  Australia
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<PAGE>

Name                                               Jurisdiction of Incorporation
----                                               -----------------------------

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TRU (Aust) Superannuation Pty. Ltd.                Australia
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Toys "R" Us Handelsgesellschaft m.b.H.             Austria
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TRU (Barbados), Ltd.                               Barbados
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Toys "R" Us - Belgium SCA                          Belgium
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Toys "R" Us (Canada) Ltd.                          Ontario, Canada
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TRU (Cayman Islands) Limited                       Cayman Islands
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TRU (Cayman Islands) Investments LLC               Cayman Islands
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Toys "R" Us A/S                                    Denmark
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Toys "R" Us S.A.R.L.                               France
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Toys "R" Us GmbH                                   Germany
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Toys "R" Us Logistik GmbH                          Germany
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Toys "R" Us Operations GmbH                        Germany
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TRU (HK) Limited                                   Hong Kong
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IOCA Limited                                       Ireland
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Toysrus.com (Japan) Ltd.                           Japan
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Toys "R" Us (Luxembourg) S.A.                      Luxembourg
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Toys (Labuan) Ltd.                                 Malaysia (Labuan)
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Sumus Nos Limited                                  Mauritius
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Toys "R" Us (Netherlands), B.V.                    Netherlands
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TRU (Netherlands) Investments B.V.                 Netherlands
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Toys R Us Portugal, Limitada                       Portugal
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TRU of Puerto Rico, Inc.                           Puerto Rico
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Toys R Us, Iberia, S.A.                            Spain
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Toys "R" Us, Aktiebolag                            Sweden
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Toys R Us AG                                       Switzerland
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Toys "R" Us Holdings PLC                           United Kingdom
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Toys `R' Us Holdings (UK) Limited                  United Kingdom
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Toys "R" Us (IFSC) Unlimited                       United Kingdom
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Toys "R" Us Limited                                United Kingdom
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Toys "R" Us Properties Limited                     United Kingdom
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Tru Toys (UK) Limited                              United Kingdom
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