EXHIBIT 8.1



|                                                 |  |                              
|------------------------------------------------ |  | -----------------------------
|Subsidiaries                                     |  | Jurisdiction of Incorporation
|Agenciamiento y Servicios Profesionales S.A.     |  | Mexico                       
|Alto Paraná S.A.                                 |  | Argentina                    
|Arauco Colombia S.A.                             |  | Colombia                     
|Arauco Denmark ApS                               |  | Denmark                      
|Arauco Distribución S.A.                         |  | Chile                        
|Arauco Ecuador S.A.                              |  | Ecuador                      
|Arauco Florestal Arapoti                         |  | Brazil                       
|Arauco Forest Brasil S.A.(Ex LD Forest Products) |  | Brazil                       
|Arauco Forest Products B.V.                      |  | The Netherlands              
|Arauco Generación S.A.                           |  | Chile                        
|Arauco Honduras S. De R.L. de C.V.               |  | Honduras                     
|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                        
|Faplac S.A.                                      |  | Argentina                    
|Flooring S.A.                                    |  | Argentina                    
|Forestal Arauco S.A.                             |  | Chile                        
|Forestal Arauco Guatemala S.A.                   |  | Guatemala                    
|Forestal Celco S.A.                              |  | Chile                        
|Forestal Cholguán S.A.                           |  | Chile                        
|Forestal Concepción S.A.                         |  | Panama                       
|Forestal Conosur S.A.                            |  | Uruguay                      
|Forestal Los Lagos S.A.                          |  | Chile                        
|Forestal Misiones S.A.                           |  | Argentina                    
|Forestal Valdivia S.A.                           |  | Chile                        
|Industrias Forestales S.A.                       |  | Argentina                    
|Inversiones Celco S.L.                           |  | Spain                        
|Investigaciones Forestales Bioforest S.A.        |  | Chile                        
|Forestal Nuestra Señora del Carmen S.A.          |  | Argentina                    
|Molduras Trupán S.A.                             |  | Chile                        
|Paneles Arauco S.A.                              |  | Chile                        
|Placas do Paraná S.A.                            |  | Brazil                       
|Servicios Logísticos Arauco S.A.                 |  | Chile                        
|Southwoods Arauco Lumber LLC                     |  | U.S.A.                       
|Leasing Forestal S.A.                            |  | Argentina                    
|Lucchese Empreendimentos e Participacoe          |  | Brazil