Exhibit 21.1

FIRSTCITY FINANCIAL CORPORATION

(21)Subsidiaries of the Registrant

1.

FirstCity Financial Corporation. The following corporations, limited partnerships, limited liability companies and other entities are entities in which FirstCity Financial Corporation or certain of its
subsidiaries own an equity interest.A.

Corporations:Name:

Bosque Asset Corp.Jurisdiction:

Texas, incorporated on March 27, 1997Shareholder:

FirstCity Financial Corporation          10,000 Shares          (100%)Name:

FirstCity Commercial Corporation (formerly J-Hawk Corporation)Jurisdiction:

Texas, incorporated on July 21, 1995Shareholder:

FirstCity Financial Corporation          1,000 Shares          Cert.
No. 1          (100%)Consolidated Subsidiary:          YesName:

FC Capital Corp. (d/b/a FirstCity Capital Corporation)Jurisdiction:

New York, incorporated on August 4, 1997Shareholder:

FirstCity Financial Corporation          1,000,000 Shares          (100%)Name:

FirstCity Consumer Lending CorporationJurisdiction:

Texas, incorporated on September 5, 1997Shareholder:

FirstCity Financial Corporation          1,000 Shares          (100%)Name:

FirstCity Business Lending CorporationJurisdiction:

Texas, incorporated on June 6, 2006Shareholder:

FirstCity Financial Corporation          400 Shares          (100%)Name:

American Business Lending, Inc.Jurisdiction:

Texas, incorporated on June 6, 2006Shareholder:

FirstCity Business Lending Corporation          100,000 Common Shares          (100%)800,000 Preferred
SharesName:

FirstCity Fund Advisors, Inc.Jurisdiction:

Delaware; incorporated on May 22, 2008Shareholder:

FirstCity Financial Corporation          50,000 Shares          (100%)B.

Corporate General Partners of Limited Partnerships:Name:

Bosque Asset GP Corp. (formerly SLP Assets GP Corp.)Jurisdiction:

Texas, incorporated on April 12, 2001Shareholder:

FirstCity Financial Corporation          400 Shares          (100%)Name:

Bosque Leasing GP Corp. (formerly Bosque Investment Realty Corp.)Jurisdiction:

Texas, incorporated on June 6, 1997Shareholder:

Bosque Asset Corp.          400 Shares          (100%)


1

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Name:

FirstCity US Opportunity Fund GP, Inc.Jurisdiction:

Delaware; incorporated on May 22, 2008Shareholder:

FirstCity Financial Corporation          50,000 Shares          (100%)C.

Limited Partnerships:Name:

Bosque Asset Funding, L.P. (formerly SLP Assets, Ltd.)Jurisdiction:

Texas, certificate filed on April 12, 2001Partners:

Bosque Asset GP Corp.          General 0.50%FirstCity Financial Corporation          Limited 99.50%Name:

Bosque Leasing, L.P. (formerly Bosque Investment Realty Partners, L.P.)Jurisdiction:

Texas, certificate filed on June 6, 1997Partners:

Bosque Leasing GP Corp.          General2.0%Bosque Asset Corp.          Limited98.0%Name:

FirstCity US Opportunity Fund, LPJurisdiction:

Delaware; formed on June 10, 2008Partners:

FirstCity US Opportunity Fund GP, Inc.          General1.0%2.

FirstCity Commercial Corporation. The following corporations, limited partnerships, limited liability companies and
other entities are entities in which FirstCity Commercial Corporation or certain of its subsidiaries own an equity interest.A.

Corporations and other Entities:Name:

FirstCity Denver Investment Corp.Jurisdiction:

Texas, incorporated on April 9, 2007Shareholder:

FirstCity Commercial Corporation          800 Shares          (80%)Name:

FirstCity Crestone LLCJurisdiction:

Texas, formed on April 9, 2007Shareholder:

FirstCity Denver Investment Corp.          (100%)Name:

FC Crestone 07 Corp.Jurisdiction:

Texas; formed on June 5, 2007Shareholder:

FirstCity Denver Investment Corp.          1,000 shares          (100%)Name:

FC Crestone Colorado 07 LLCJurisdiction:

Colorado; formed September, 2007Member:

FC Crestone 07 Corp.          (100%)Name:

FC Crestone 08 Corp.Jurisdiction:

Texas; formed on March 26, 2008Shareholder:

FirstCity Denver Investment Corp.          1,000 Shares          (100%)Name:

ColoTex Energy Corp.Jurisdiction:

Texas; formed on March 26, 2008Shareholder:

FC Crestone 08 Corp.          1,000 Shares          (100%)


2

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Name:

CAPP Resources LLCJurisdiction:

Delaware; formed on April 22, 2008Member:

ColoTex Energy Corp.          (39.5%)Name:

FC Crestone Utah, LLCJurisdiction:

Delaware; May 2008Member:

FC Crestone 08 Corp.          (100%)Name:

Pierpont Restaurant Group LLCJurisdiction:

Utah; formed March 13, 2009Member:

FC Crestone Utah LLC          80,000 Units          (80%)Name:

Prime Steaks V, LLCJurisdiction:

Utah; formed January 20, 2009Member:

Pierpont Restaurant Group LLC          40,000 Units          (40%)Name:

Oregon Short Line Building LLCJurisdiction:

Delaware; May 15, 2008Member:

FC Crestone Utah LLC          (80%)Name:

FC Crestone Wyoming LLCJurisdiction:

Texas; formed on October 14, 2008Member:

FC Crestone 08 Corp.          (100%)Name:

Teton Buildings, LLCJurisdiction:

Delaware; formed on October 17, 2008Members:

FC Crestone Wyoming, LLC          49,000 UnitsChristopher J. Braun          51,000 UnitsName:

FC Crestone 09 Corp.Jurisdiction:

Texas; formed on January 6, 2009Shareholder:

FirstCity Denver Investment Corp.          1,000 Shares          (100%)Name:

FC Crestone 2009 Corp.Jurisdiction:

Texas; formed on February 16, 2009Shareholder:

FirstCity Denver Investment Corp.          1,000 Shares          (100%)Name:

Tileco, LLCJurisdiction:

Colorado; formed on February 10, 2009Member:

FC Crestone 2009 Corp.          49,000 Units          (49%)Name:

FC Crestone Formation LLCJurisdiction:

Colorado; formed on April 24, 2009Member:

FC Crestone 2009 Corp.          (100%)Name:

CPI Retail Lending LLCJurisdiction:

Colorado; formed on February 12, 2009Member:

FC Crestone 2009 Corp.          (100%)


3

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Name:

FC Crestone Funding LLCJurisdiction:

Colorado; formed on May 28, 2009Member:

FC Crestone 2009 Corp.          (100%)Name:

Regional Rail, LLCJurisdiction:

Delaware; July 25, 2007Managers:

Alfred M. Sauer
Robert C. ParkerMembers:

FC Crestone 07 Corp.          80,000 Units          (80%)Robert C. Parker          10,000 Units          (10%)Alfred M. Sauer          10,000 Units          (10%)Name:

East Penn Railroad LLCJurisdiction:

DelawareMember:

Regional Rail, LLC          (100%)Name:

Middletown & New Jersey Railroad, LLCJurisdiction:

Delaware; formed on March 23, 2009Member:

Regional Rail LLC          (100%)Name:

FC Crestone BEI LLCJurisdiction:

Delaware; formed on November 5, 2009Member:

FC Crestone 2009 Corp.          (87.45%)Name:

BEI Lending LLCJurisdiction:

Colorado; formed February 12, 2009Member:

FC Crestone 2009 Corp.          (100%)Name:

BEI Electronics LLCJurisdiction:

Delaware; formed on December 30, 2009Member:

FC Crestone BEI LLC          (100%)Name:

FirstCity Europe CorporationJurisdiction:

Texas; incorporated on May 12, 2003Shareholder:

FirstCity Commercial Corporation          1,000 Shares          (100%)Name:

MPortfolio CorporationJurisdiction:

Texas; incorporated on June 5, 2007Shareholder:

FirstCity Commercial Corporation          1,529.58 Shares          (100%)Name:

Calibat Fund Limited Liability CompanyJurisdiction:

MinnesotaMember:

FirstCity Commercial Corporation          (50%)Name:

FC Funding Corp.Jurisdiction:

Texas, incorporated on March 26, 1996Shareholder:

FirstCity Commercial Corporation          1,000 Shares          (100%)Name:

F & C Texas Holdings CorporationJurisdiction:

Texas, incorporated on November 23, 2005Shareholder:

FirstCity Commercial Corporation          4,000
Shares          Class A          (80%)


4

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Name:

F & C Delaware Holdings CorporationJurisdiction:

Delaware, incorporated on November 22, 2005Shareholder:

F & C Texas Holdings Corporation          4,000
Shares          Class A          (80%)Name:

FH Partners LLCJurisdiction:

Texas, certificate filed on December 17, 1996Member:

FirstCity Commercial Corporation          (100%)Name:

FirstCity Holdings Corporation of MinnesotaJurisdiction:

Texas, incorporated on March 11, 2002Shareholder:

FirstCity Commercial Corporation          400 Shares          (100%)Name:

FirstCity Servicing Corporation (formerly J-Hawk Servicing Corporation)Jurisdiction:

Texas, incorporated on July 25, 1995Shareholder:

FirstCity Commercial Corporation          1,000 Shares          (100%)Name:

FirstCity International Corporation (formerly J-Hawk International Corp.)Jurisdiction:

Texas; incorporated on December 19, 1996Shareholder:

FirstCity Commercial Corporation          200 Shares          (100%)Name:

FirstCity Japan Inc.Jurisdiction:

Texas, incorporated on October 16, 1998Shareholder:

FirstCity Commercial Corporation          10,000 Shares          (100%)Name:

Crinoline Investments B.V., a private company with limited liabilityJurisdiction:

The Netherlands, established October 1, 1997Shareholder:

FirstCity Japan Inc.          410 Shares          (100%)Name:

FirstCity Mexico, Inc.Jurisdiction:

Texas, incorporated on December 9, 1998Shareholder:

FirstCity Commercial Corporation          1,000 Shares          (100%)Name:

FirstCity South America, LLCJurisdiction:

Texas, formed December 12, 2003Managers:

Rodrigo Ignacio Silva Alfaro
Rene Eduardo Silva Alfaro
James C. Holmes
Terry R. DeWittMember:

FirstCity Commercial Corporation          500 Units          (50%)Name:

FirstCity Chile II, Ltda.Jurisdiction:

Chile, formed June 23, 2008Shareholder:

FirstCity Commercial Corporation          (100%)Name:

CFSC Consortium, LLCJurisdiction:

Delaware, incorporated on August 12, 1999Manager:

CFSC Capital Corp. IIMember:

WAMCO XXVII, Ltd.          (51.16%)


5

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Name:

VFC Partners 1 LLCJurisdiction:

Delaware; formed on February 20, 2009Member:

FirstCity Commercial Corporation          (50%)Name:

VFC Partners 2 LLCJurisdiction:

Delaware; formed on March 23, 2009Member:

FirstCity Commercial Corporation          2,000 Units          (20%)Name:

FirstCity Acquisition LLCJurisdiction:

Texas; formed on April 1, 2009Member:

FirstCity Commercial Corporation          (100%)Name:

CityCap Equipment Finance LLCJurisdiction:

Delaware; formed on July 17, 2009Member:

FirstCity Commercial Corporation          (50%)Name:

AgriFirst Lending LLCJurisdiction:

Texas; formed on August 5, 2009Member:

FirstCity Commercial Corporation          (20%)Name:

AgriFirst Leasing LLCJurisdiction:

Texas: formed on October 26, 2009Member:

AgriFirst Lending LLC          (50%)B.

Corporate General Partners of Limited Partnerships:Name:

WAMCO XXIV of Texas, Inc.Jurisdiction:

Texas, incorporated on March 6, 1996Shareholder:

FirstCity Commercial Corporation          200 Shares          (50%)Name:

WAMCO XXVI of Texas, Inc.Jurisdiction:

Texas, incorporated on September 22, 1998Shareholder:

FirstCity Commercial Corporation          200 Shares          (50%)Name:

DFC Asset Corp.Jurisdiction:

Texas, incorporated on July 26, 1995Shareholder:

FirstCity Commercial Corporation          2,256.90 Shares          (100%)Name:

First C Corp.Jurisdiction:

Texas, incorporated on March 6, 1998Shareholder:

FirstCity Commercial Corporation          200 Shares          (100%)Name:

First X Corp.Jurisdiction:

Texas, incorporated on October 3, 1996Shareholder:

FirstCity Commercial Corporation          200 Shares          (100%)Name:

First B Corp.Jurisdiction:

Texas, incorporated on October 10, 1997Shareholder:

FirstCity Commercial Corporation          400 Shares          (100%)


6

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Name:

FirstGreen GP LLCJurisdiction:

Delaware; formed on August 29, 2003Member:

FirstCity Commercial Corporation          (100%)Name:

FC Washington GP LLCJurisdiction:

Texas; formed on April 20, 2005Member:

FirstCity Commercial Corporation          (100%)Name:

WAMCO XXVII of Texas, Inc.Jurisdiction:

Texas, incorporated on September 20, 1999Shareholder:

FirstCity Commercial Corporation          200 Shares          (50%)Name:

WAMCO 30 of Texas, Inc.Jurisdiction:

Texas, incorporated on January 5, 2001Shareholder:

FirstCity Commercial Corporation          200 Shares          (50%)Name:

EuroTex Partners GP Corp.Jurisdiction:

Texas; formed on June 18, 2004Shareholder:

FirstCity Commercial Corporation          400 Shares          (100%)Name:

FirstVal 1 GP Corp.Jurisdiction:

Texas, incorporated on September 14, 2006Shareholder:

FirstCity Commercial Corporation          200 Shares          (50%)Name:

FCS Wood GP, Corp.Jurisdiction:

Texas, incorporated on September 15, 1998Shareholder:

FirstCity Commercial Corporation          200 Shares          (50%)Name:

FCS Creamer GP, Corp.Jurisdiction:

Texas, incorporated on April 28, 1999Shareholder:

FirstCity Commercial Corporation          200 Shares          (50%)Name:

FCS Wildhorse GP, Corp.Jurisdiction:

Texas, incorporated on June 14, 1999Shareholder:

FirstCity Commercial Corporation          200 Shares          (50%)Name:

FCS Lancaster GP Corp.Jurisdiction:

Texas, incorporated on December 21, 2005Shareholder:

FirstCity Commercial Corporation          200 Shares          (50%)Name:

Imperial Partners GP Corp.Jurisdiction:

Texas, incorporated on October 4, 2000Shareholder:

FirstCity Commercial Corporation          400 Shares          (100%)Name:

MinnTex GP Corp.Jurisdiction:

Texas, incorporated on March 11, 2002Shareholder:

FirstCity Holdings Corporation of Minnesota          200 Shares          (50%)


7

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C.

Limited Partnerships:Name:

WAMCO XXIV, Ltd.Jurisdiction:

Texas, certificate filed on March 6, 1996Partners:

WAMCO XXIV of Texas, Inc.          General 2%FirstCity Commercial Corporation          Limited 49%Name:

WAMCO XXVI, Ltd.Jurisdiction:

Texas, certificate filed on September 22, 1998Partners:

WAMCO XXVI of Texas, Inc.          General 0.50%FirstCity Commercial Corporation          Limited 49.75%Name:

First C Partners, L.P.Jurisdiction:

Texas, certificate filed on March 6, 1998Partners:

First C Corp.          General 2%FirstCity Commercial Corporation          Limited 98%Name:

First X Realty, L.P.Jurisdiction:

Texas, certificate filed on October 3, 1996Partners:

First X Corp.          General 2%FirstCity Commercial Corporation          Limited 98%Name:

First B Realty, L.P.Jurisdiction:

Texas, certificate filed on October 10, 1997Partners:

First B Corp.          General 1%FirstCity Commercial Corporation          Limited 49%Name:

Diversified Financial Systems, L.P.Jurisdiction:

Texas, certificate filed on April 19, 1999Partners:

DFC Asset Corp.          General 1.1511%FirstCity Commercial Corporation          Limited 98.8489%Name:

FirstGreen LPJurisdiction:

Delaware, August 29, 2003Partners:

FirstGreen GP LLC          General 1.00%FirstCity Commercial Corporation          Limited 99.00%Name:

FC Washington I LPJurisdiction:

Texas, April 20, 2005Partners:

FC Washington GP LLC          General 1.00%FirstCity Commercial Corporation          Limited 99.00%Name:

WAMCO XXVII, Ltd.Jurisdiction:

Texas, certificate filed on September 20, 1999Partners:

WAMCO XXVII of Texas, Inc.          General 2.0%FirstCity Commercial Corporation          Limited 4.0%Name:

WAMCO 30, Ltd.Jurisdiction:

Texas, certificate filed on January 5, 2001Partners:

WAMCO 30 of Texas, Inc.          General 1.3690%FirstCity Commercial Corporation          Limited 49.3155%


8

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Name:

EuroTex Partners, Ltd.Jurisdiction:

Texas; formed on June 18, 2004Partners:

EuroTex Partners GP Corp.          General 0.50%FirstCity Commercial Corporation          Limited 99.50%Name:

Brazos River Partnership One, L.P.Jurisdiction:

Texas; formed on September 28, 2006Partners:

FirstCity Commercial Corporation          Limited 331/3%Name:

FirstVal 1, Ltd.Jurisdiction:

Texas, certificate filed on September 14, 2006Partners:

FirstVal 1 GP Corp.          General 1.0%FirstCity Commercial Corporation          Limited 49.5%Name:

FCS Wood, Ltd.Jurisdiction:

Texas, certificate filed on September 15, 1998Partners:

FCS Wood GP Corp.          General 0.50%FirstCity Commercial Corporation          Limited 49.75%Name:

FCS Creamer, Ltd.Jurisdiction:

Texas, certificate filed on April 28, 1999Partners:

FCS Creamer GP, Corp.          General 0.50%FirstCity Commercial Corporation          Limited 49.75%Name:

FCS Wildhorse, Ltd.Jurisdiction:

Texas, certificate filed on June 14, 1999Partners:

FCS Wildhorse GP, Corp.          General 0.50%FirstCity Commercial Corporation          Limited 49.75%Name:

FCS Lancaster, Ltd.Jurisdiction:

Texas, certificate filed on December 21, 2005Partners:

FCS Lancaster GP Corp.          General 0.50%FirstCity Commercial Corporation          Limited 49.75%Name:

Imperial Partners, Ltd.Jurisdiction:

Texas, certificate filed on October 4, 2000Partners:

Imperial Partners GP Corp.          General 0.50%FirstCity Commercial Corporation          Limited 99.50%Name:

MinnTex Investment Partners LPJurisdiction:

Texas, certificate filed on March 11, 2002Partners:

MinnTex GP Corp.          General 1.00%FirstCity Holdings Corporation of Minnesota          Limited 33.00%Name:

Strategic Mexican Investment Partners 2, L.P.Jurisdiction:

Texas, certificate filed on July 3, 2001Partners:

FirstCity Commercial Corporation          General 1.0%FirstCity Commercial Corporation          Limited 99.0%


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D.

Corporate General Partners of REO Affiliate Limited Partnerships:Name:

SOWAMCO XX of Texas, Inc.Jurisdiction:

TexasShareholder:

FirstCity Commercial Corporation          3,600 Shares          (100%)Name:

SOWAMCO XXIV of Texas, Inc.Jurisdiction:

Texas, incorporated on December 15, 1993Shareholder:

FirstCity Commercial Corporation          200 Shares          (50%)Name:

FH Properties of Texas, Inc.Jurisdiction:

Texas, incorporated on November 19, 1997Shareholder:

FirstCity Commercial Corporation          200 Shares          (100%)Name:

MA Realco, Inc.Jurisdiction:

Texas, incorporated on July 25, 1995Shareholder:

FirstCity Commercial Corporation          200 Shares          (100%)Name:

SV Asset Corp.Jurisdiction:

Texas, incorporated on July 21, 1995Shareholder:

FirstCity Commercial Corporation          200 Shares          (100%)Name:

SVD Realty Asset Corp.Jurisdiction:

Texas, incorporated on June 6, 1997Shareholder:

FirstCity Commercial Corporation          400 Shares          (100%)Name:

SOWAMCO XXV of Texas, Inc.Jurisdiction:

Texas, incorporated on May 26, 1995Shareholder:

FirstCity Commercial Corporation          200 Shares          (50%)Name:

SOWAMCO XXVII of Texas, Inc.Jurisdiction:

Texas, incorporated on January 18, 2000Shareholder:

WAMCO XXVII, Ltd.          400 Shares          (100%)Name:

SOWAMCO XXVIII of Texas, Inc.Jurisdiction:

Texas, incorporated on March 24, 2000Shareholder:

WAMCO 30, Ltd.          400 Shares          (100%)Name:

SOWAMCO XXIX of Texas, Inc.Jurisdiction:

Texas, incorporated on December 11, 2000Shareholder:

WAMCO XXVII, Ltd.          400 Shares          (100%)Name:

SOWAMCO 30 of Texas, Inc.Jurisdiction:

Texas, incorporated on May 30, 2002Shareholder:

WAMCO 30, Ltd.          400 Shares          (100%)Name:

SOWAMCO 31 of Texas, Inc.Jurisdiction:

Texas, incorporated on August 20, 2003Shareholder:

WAMCO 30, Ltd.          400 Shares          (100%)


10

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Name:

SOWAMCO 33 of Texas, Inc.Jurisdiction:

Texas, incorporated on December 10, 2003Shareholder:

WAMCO 30, Ltd.          400 Shares          (100%)Name:

SOWAMCO 34 of Texas, Inc.Jurisdiction:

Texas, incorporated on March 21, 2005Shareholder:

WAMCO 30, Ltd.          400 Shares          (100%)Name:

SOWAMCO 35 of Texas, Inc.Jurisdiction:

Texas, incorporated on March 14, 2006Shareholder:

WAMCO 30, Ltd.          400 Shares          (100%)Name:

SOWAMCO 80 of Texas, Inc.Jurisdiction:

Texas, incorporated on June 1, 2006Shareholder:

MPortfolio Corporation          400 Shares          (100%)Name:

FirstVal Properties 1 GP Corp.Jurisdiction:

Texas, incorporated on September 15, 2006Shareholder:

FirstCity Commercial Corporation          200 Shares          (50%)Name:

FirstVal Properties 2 GP Corp.Jurisdiction:

Texas; incorporated on November 21, 2008Shareholder:

FirstCity Commercial Corporation          200 Shares          (50%)Name:

MCSFC Realty GP Corp.Jurisdiction:

Texas, incorporated on September 19, 2000Shareholder:

FH Partners LLC          1,000 Shares          (100%)Name:

WH Realty GP Corp.Jurisdiction:

Texas, incorporated on June 20, 2001Shareholder:

FCS Wildhorse, Ltd.          1,000 Shares          (100%)E.

REO Affiliate Limited Partnerships:Name:

SOWAMCO XX, Ltd.Jurisdiction:

TexasPartners:

SOWAMCO XX of Texas, Inc.          General 2%Diversified Financial Systems, L.P.          Limited 98%Name:

SOWAMCO XXIV, Ltd.Jurisdiction:

Texas, filed Certificate of Limited Partnership on December 15, 1993Partners:

SOWAMCO XXIV of Texas, Inc.          General 2%WAMCO XXIV, Ltd.          Limited 98%Name:

FH Properties, L.P.Jurisdiction:

Texas, certificate filed on November 19, 1997Partners:

FH Properties of Texas, Inc.          General 2%FH Partners LLC          Limited 98%


11

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Name:

MA Realco Partners, Ltd.Jurisdiction:

Texas, certificate filed on July 25, 1995Partners:

MA Realco, Inc.          General 2%SV Asset Partners, LP          Limited 98%Name:

SV Asset Partners, LPJurisdiction:

Texas, certificate filed on July 25, 1995Partners:

SV Asset Corp.          General 2%FirstCity Commercial Corporation          Limited 98%Name:

SVD Realty, L.P.Jurisdiction:

Texas, certificate filed on June 6, 1997Partners:

SVD Realty Asset Corp.          General 2%FirstCity Commercial Corporation          Limited 98%Name:

SOWAMCO XXV, Ltd.Jurisdiction:

Texas, filed Certificate of Limited Partnership on May 26, 1995Partners:

SOWAMCO XXV of Texas, Inc.          General 2%WAMCO 30, Ltd.          Limited 98%Name:

SOWAMCO XXVII, Ltd.Jurisdiction:

Texas, filed Certificate of Limited Partnership on January 18, 2000Partners:

SOWAMCO XXVII of Texas, Inc.          General 1%WAMCO XXVII, Ltd.          Limited 99%Name:

SOWAMCO XXVIII, Ltd.Jurisdiction:

Texas, filed Certificate of Limited Partnership on March 24, 2000Partners:

SOWAMCO XXVIII of Texas, Inc.          General 1%WAMCO 30, Ltd.          Limited 99%Name:

SOWAMCO XXIX, Ltd.Jurisdiction:

Texas, filed Certificate of Limited Partnership on December 11, 2000Partners:

SOWAMCO XXIX of Texas, Inc.          General 1%WAMCO XXVII, Ltd.          Limited 99%Name:

SOWAMCO 30, Ltd.Jurisdiction:

Texas, filed Certificate of Limited Partnership on May 30, 2002Partners:

SOWAMCO 30 of Texas, Inc.          General 1%WAMCO 30, Ltd.          Limited 99%Name:

SOWAMCO 31, Ltd.Jurisdiction:

Texas, filed Certificate of Limited Partnership on August 20, 2003Partners:

SOWAMCO 31 of Texas, Inc.          General 1%WAMCO 30, Ltd.          Limited 99%Name:

SOWAMCO 33, Ltd.Jurisdiction:

Texas, filed Certificate of Limited Partnership on December 10, 2003Partners:

SOWAMCO 33 of Texas, Inc.          General 1%WAMCO 30, Ltd.          Limited 99%


12

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Name:

SOWAMCO 34, Ltd.Jurisdiction:

Texas, filed Certificate of Limited Partnership on March 21, 2005Partners:

SOWAMCO 34 of Texas, Inc.          General 1%WAMCO 30, Ltd.          Limited 99%Name:

SOWAMCO 35, Ltd.Jurisdiction:

Texas, filed Certificate of Limited Partnership on March 14, 2006Partners:

SOWAMCO 35 of Texas, Inc.          General 1%WAMCO 30, Ltd.          Limited 99%Name:

SOWAMCO 80, Ltd.Jurisdiction:

Texas, filed Certificate of Limited Partnership on June 1, 2006Partners:

SOWAMCO 80 of Texas, Inc.          General 1%MPortfolio Corporation          Limited 99%Name:

FirstVal Properties 1, Ltd.Jurisdiction:

Texas, filed Certificate of Limited Partnership on September 15, 2006Partners:

FirstVal Properties 1 GP Corp.          General 1.0%FirstCity Commercial Corporation          Limited 49.5%Name:

FirstVal Properties 2, Ltd.Jurisdiction:

Texas; formed on November 21, 2008Partners:

FirstVal Properties 2 GP Corp.          General 1.0%FirstCity Commercial Corporation          Limited 49.5%Name:

MCSFC Realty, Ltd.Jurisdiction:

Texas, certificate filed on September 19, 2000Partners:

MCSFC Realty GP corp.          General 0.5%FH Partners LLC          Limited 99.5%Name:

WH Realty, Ltd.Jurisdiction:

Texas, certificate filed on June 20, 2001Partners:

WH Realty GP corp.          General 0.5%FCS Wildhorse, Ltd.          Limited 99.5%F.

REO Affiliate Corporations:Name:

FH Golf Properties I Inc.Jurisdiction:

Michigan; formed on February 15, 2008Shareholder:

FH Partners LLC          1,000 Shares          100%Name:

MPortfolio Property Corp.Jurisdiction:

Texas; formed on April 21, 2008Shareholder:

MPortfolio Corporation          1,000 Shares          100%Name:

VFC Properties 1 LLCJurisdiction:

Delaware; formed on May 12, 2009Member:

VFC Partners 1 LLC          (100%)


13

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Name:

FH Arizona Properties LLCJurisdiction:

Arizona; formed on August 27, 2009Member:

FH Properties, L.P.          (51.675%)3.

FirstCity Europe Corporation. The following corporations, limited partnerships, limited liability companies and other
entities are entities in which FirstCity Europe Corporation or certain of its subsidiaries own an equity interest.A.

Corporations and other Entities:Name:

UBN S.A.S.Jurisdiction:

FranceOwnership:

FirstCity Europe Corporation          70.41%Name:

SAI, Societe Auxiliaire ImmobiliereJurisdiction

FranceShareholder:

FirstCity Europe Corporation          22.5%Name:

CATX LimitedJurisdiction:

England and Wales; formed on October 6, 2000Shareholders:

UBN S.A.S.          675 A Shares          (67.5%)MCS et Associés, S.A.          325 C Shares          (32.5%)Name:

Credit Finance Corporation LimitedJurisdiction:

England and Wales; formed on October 9, 1996Shareholder:

UBN S.A.S.          177 A Shares          (88.5%)Name:

Finin LimitedJurisdiction:

England and Wales; formed on December 24, 1997Shareholders:

UBN S.A.S.          634 A Shares          (63.4%)MCS et Associés, S.A.          366 C Shares          (36.6%)Name:

Mirom LimitedJurisdiction:

England and Wales; formed
onShareholders:

UBN S.A.S.          700 A Shares          (70%)MCS et Associés, S.A.          300 C Shares          (30%)Name:

Miromesnil LimitedJurisdiction:

England and Wales; formed on January 11, 1999Shareholders:

UBN S.A.S.          634 A Shares          (63.4%)MCS et Associés, S.A.          366 C Shares          (36.6%)Name:

Transalp LimitedJurisdiction:

England and Wales; formed on January 15, 2001Shareholders:

UBN S.A.S.          675 A Shares          (67.5%)MCS et Associés, S.A.          325 C Shares          (32.5%)Name:

Platform Finance LimitedJurisdiction:

England and Wales; formed on January 13, 1989Shareholders:

UBN S.A.S.          95 A Shares          (95%)MCS et Associés, S.A.          5 C Shares          (5%)


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Name:

HMCS Investment GmbHJurisdiction:

GermanyOwnership:

MCS et Associés, S.A.          16.4%FirstCity Europe Corporation          16.3%Name:

HMCS Portfolio GmbHJurisdiction:

Germany; formed August, 2006Ownership:

FirstCity Europe Corporation          50%MCS et Associés, S.A.          50%Name:

HMCS Forderungsmanagement GmbHJurisdiction:

Germany; formed May 17, 2004Ownership:

HMCS Investment GmbH          100%Name:

VR Inkasso GmbHJurisdiction:

Germany; formed August 25, 2004Ownership:

HMCS Forderungsmanagement GmbH          26%Name:

HMCS Real Estate GmbHJurisdiction:

Germany; formed December 19, 2005Ownership:

HMCS Investment GmbH          100%Name:

HMCS Consulting GmbHJurisdiction:

Germany; formed December 19, 2005Ownership:

HMCS Investment GmbH          100%4.

FirstCity Mexico, Inc. The following corporations, limited partnerships, limited liability companies and other
entities are entities in which FirstCity Mexico, Inc. or certain of its subsidiaries own an equity interest.Name:

Strategic Mexican Investment Partners, L.P.Jurisdiction:

Texas, certificate filed on May 8, 2001Partners:

FirstCity Mexico, Inc.          General          .4251287%FirstCity Commercial Corporation          Limited          99.5748713%Name:

Bidmex Holding, LLCJurisdiction:

Delaware, formed June 6, 2006Manager:

FirstCity Mexico, Inc.Member:

Strategic Mexican Investment Partners, L.P.(Tranche B)          9.0%Strategic Mexican Investment Partners, L.P.(Tranche C)          6.0%Name:

Bidmex Holding II, LLCJurisdiction:

Delaware, formed on January 16, 2008Manager:

FirstCity Mexico, Inc.Member:

Strategic Mexican Investment Partners, L.P.Tranche B          15.0%


15

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Name:

Bidmex Acquisition, LLCJurisdiction:

Delaware, formed June 6, 2006Manager & Member:    Bidmex Holding LLC          100%Name:

Resmex, LLCJurisdiction:

Delaware, incorporated December 11, 1998Manager:

FirstCity Mexico, Inc.Member:

Strategic Mexican Investment Partners, L.P.          19.45%Name:

Residencial Oeste, S.A. de C.V.Jurisdiction:

Mexico, incorporated December 16, 1998Shareholder:

Resmex, LLC          (100%)Name:

Residencial Oeste 2, S. de R.L. de C.V.Jurisdiction:

Mexico, incorporated July 25, 2006Shareholder:

Bidmex Acquisition, LLC          (100%)Name:

Namex, LLCJurisdiction:

Delaware, formed December 10, 1999Manager:

FirstCity Mexico, Inc.Member:

Bidmex Holding, LLC          (100%)Name:

Cartera en Administracion y Cobranza, S.A. de C.V.Jurisdiction:

Mexico, incorporated December 13, 1999Shareholder:

Namex, LLC          (100%)Name:

BIDMEX, LLCJurisdiction:

Delaware, formed January 28, 2000Manager:

FirstCity Mexico, Inc.Member:

Bidmex Holding, LLC          (100%)Name:

Administracion de Carteras Nacionales, S.A. de C.V.Jurisdiction:

Mexico, incorporated January, 2000Shareholder:

BIDMEX, LLC          (100%)Name:

BIDMEX II, LLCJurisdiction:

Delaware, formed on May 9, 2000Manager:

FirstCity Mexico, Inc.Member:

Bidmex Holding, LLC          (100%)Name:

Administracion de Carteras Nacionales II, S. de R.L. de C.V.(formerly Ome Calpulli, Resolución de Cartera, S. de R.L. de C.V.)Jurisdiction:

Mexico, incorporated on November 17, 1999Shareholder:

BIDMEX II, LLC          (100%)Name:

BIDMEX 3, LLCJurisdiction:

Delaware, formed on October 20, 2000Manager:

FirstCity Mexico, Inc.Member:

Bidmex Holding, LLC          (100%)


16

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Name:

Administracion de Carteras Empresariales, S. de R.L. de C.V.Jurisdiction:

Mexico, formed on November 13, 2000Shareholder:

BIDMEX 3, LLC          (100%)Name:

BIDMEX 4, LLCJurisdiction:

Delaware, formed on March 12, 2001Manager:

FirstCity Mexico, Inc.Member:

Bidmex Holding, LLC          (100%)Name:

Cobranza Nacional de Carteras, S. de R.L. de C.V.Jurisdiction:

Mexico, formed on March 16, 2001Shareholder:

BIDMEX 4, LLC          (100%)Name:

BIDMEX 5, LLCJurisdiction:

Delaware, formed on April 30, 2001Manager:

FirstCity Mexico, Inc.Member:

Bidmex Holding, LLC          (100%)Name:

Cobranza Internacional de Carteras, S. de R.L. de C.V.Jurisdiction:

Mexico, formed on May 15, 2001Shareholder:

BIDMEX 5, LLC          (100%)Name:

BIDMEX 6, LLCJurisdiction:

Delaware, formed on May 31, 2001Manager and Member:    FirstCity Mexico, Inc.          12.564%Member:

Strategic Mexican Investment Partners 2, L.P.          10.000%Name:

Recuperacion de Carteras Mexicanas, S. de R.L. de C.V.Jurisdiction:

Mexico, formed on June 21, 2001Shareholder:

BIDMEX 6, LLC          100%Name:

BIDMEX 7, LLCJurisdiction:

Delaware, formed on May 31, 2001Manager:

FirstCity Mexico, Inc.Member:

Bidmex Holding, LLC          100%Name:

Integracion de Activos Mexicanos, S. de R.L. de C.V.Jurisdiction:

Mexico, formed on March 11, 2002Shareholder:

BIDMEX 7, LLC          100%Name:

BIDMEX 8, LLCJurisdiction:

Delaware, formed on May 31, 2001Manager:

FirstCity Mexico, Inc.Member:

Bidmex Holding, LLC          100%Name:

Recuperacion de Activos Mexicanos, S. de R.L. de C.V.Jurisdiction:

Mexico, formed on March 11, 2002Shareholder:

BIDMEX 8, LLC          100%


17

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Name:

BIDMEX 9, LLCJurisdiction:

Delaware, formed on January 7, 2003Manager:

FirstCity Mexico, Inc.Member:

Bidmex Holding, LLC          100%Name:

Solucion de Activos Residenciales, S. de R.L. de C.V.Jurisdiction:

Mexico, formed on April 16 , 2004Shareholder:

BIDMEX 9, LLC          100%Name:

BIDMEX 10, LLCJurisdiction:

Delaware, formed on July 8, 2004Manager:

FirstCity Mexico, Inc.Member:

Bidmex Holding, LLC          100%Name:

Solucion de Activos Comerciales, S. de R.L. de C.V.Jurisdiction:

Mexico, formed on July 15, 2004Shareholder:

BIDMEX 10, LLC          100%Name:

BIDMEX XI, LLCJurisdiction:

Delaware, formed on July 7, 2004Manager:

FirstCity Mexico, Inc.Member:

Bidmex Holding, LLC          100%Name:

Solucion de Creditos Comerciales, S. de R.L. de C.V.Jurisdiction:

Mexico, formed on March 28, 2005Shareholder:

BIDMEX XI, LLC          100%Name:

BMX Holding II, LLCJurisdiction:

Delaware; formed on March 23, 2007Manager:

FirstCity Mexico, Inc.Member:

FirstCity Mexico, Inc.          8.0%Name:

BMX Holding III, LLCJurisdiction:

Delaware; formed on June 26, 2008Member:

FirstCity Mexico, Inc.          58%Name:

BMX Holding III Corp.Jurisdiction:

Delaware; formed on June 26, 2008Shareholder:

BMX Holding III, LLC          100%Name:

Recuperacion de Comerico Interior S. de R.L. de C.V.Jurisdiction:

MexicoShareholders:

BMX Holding II, LLC          98.7%FirstCity Mexico, Inc.          1.0%FirstCity Mexico S.A. de C.V.          0.3%Name:

Recuperacion de Comerico Interior 1 S. de R.L. de C.V.Jurisdiction:

Mexico; formed on April 24, 2008Shareholder:

FirstCity Mexico, Inc.          100%


18

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Name:

Recuperacion y Administracion de Hipotecas, S. de R.L. de C.V.Jurisdiction:

Mexico, formed on June 15, 2007Shareholder:

FirstCity Mexico, Inc.          100%Name:

Soluciones de Adevdos de Consumo, S. de R.L. de C.V.Jurisdiction:

Mexico, formed on June 15, 2007Shareholder:

FirstCity Mexico, Inc.          100%Name:

FC Acquisitions S. de R.L. de C.V.Jurisdiction:

Mexico, formed October 23, 2007Shareholder:

FirstCity Mexico, Inc.          100%Name:

FC Acquisitions I S. de R.L. de C.V.Jurisdiction:

Mexico, formed October 23, 2007Shareholder:

FirstCity Mexico, Inc.          100%Name:

FC Portfolio de Recuperacion S. de R.L. de C.V.Jurisdiction:

Mexico, formed October 29, 2007Shareholder:

FirstCity Mexico, Inc.Name:

FC Portfolio de Recuperacion I, S. de R.L. de C.V.Jurisdiction:

Mexico, formed October 29, 2007Shareholder:

FirstCity Mexico, Inc.Name:

FC Portfolio de Recuperacion II, S. de R.L. de C.V.Jurisdiction:

Mexico; formed on February 13, 2008Shareholder:

FirstCity Mexico, Inc.          100%Name:

FC Portfolio de Recuperacion III, S. de R.L. de C.V.Jurisdiction:

Mexico; formed on February 13, 2008Shareholder:

FirstCity Mexico, Inc.          100%Name:

Solucion de Activos Residentiales 1, S. de R.L. de C.V.Jurisdiction:

Mexico; formed April, 2008Shareholder:

FirstCity Mexico, Inc.          100%Name:

Capital Recovery (Brazil), LLCJurisdiction:

Delaware; formed on December 28, 2007Member:

FirstCity Mexico, Inc.          20%Name:

Capital Recovery (Brazil) Corp.Jurisdiction:

Delaware; formed December, 2007Shareholder:

Capital Recovery (Brazil), LLC          100%Name:

Brazil Capital Recovery ICompanhia Securitizadora de Creditos FinanceirosJurisdiction:

Brazil; formed December, 2007Shareholders:

Capital Recovery (Brazil), LLC          99.0%Capital Recovery (Brazil) Corp.          1.0%


19

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Name:

Brazil Capital Recovery IICompanhia Securitizadora de Creditos FinanceirosJurisdiction:

Brazil; formed December, 2007Shareholders:

Capital Recovery (Brazil), LLC          99.0%Capital Recovery (Brazil) Corp.          1.0%5.

FirstCity Chile Limitada. The following corporations, limited partnerships, limited liability companies and other
entities are entities in which FirstCity Chile Limitada or certain or its subsidiaries own an equity interest.Name:

FirstCity NPL S.A.Jurisdiction:

Chile, formed on February 9, 2006Shareholder:

FirstCity Chile II, Limitada          60%Name:

NPL Fund One, Private Investment FundJurisdiction:

ChileManager:

FirstCity NPL, S.A.Quotaholder:

NPL Investments, S.A.          100%Name:

Servicios Integrales de Cobranza, S.A.Jurisdiction:

ChileShareholder:

FirstCity Chile II, Limitada          50%Name:

NPL Investments, S.A. (formerly Inversiones Hipotecarias S.A.)Jurisdiction:

Chile, formed on February 17, 2006Shareholder:

Servicios Integrales de Cobranza, S.A.          100%Name:

Inversiones Crediticias S.A.Jurisdiction:

Chile, formed on February 17, 2006Shareholder:

FirstCity Chile II, Limitada          50%Name:

NPL Fund Two, Private Investment FundJurisdiction:

ChileShareholders:

FirstCity Chile II Limitada          13%NPL Investments, S.A.          17%6.

FirstCity International Corporation. The following corporations, limited partnerships, limited liability companies and
other entities are entities in which FirstCity International Corporation or certain or its subsidiaries own an equity interest.A.

Corporations and other Entities:Name:

UHR LimitedJurisdiction:

England and Wales; incorporated March 15, 1999Shareholders:

UBN S.A.S.          600 A Shares          (60%)FirstCity International Corporation          200 B Shares          (20%)MCS et Associés, S.A.          200 C Shares          (20%)


20

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Name:

NEVVS LimitedJurisdiction:

England and Wales; November 27, 2000Shareholders:

UBN S.A.S.          500 A Shares          (50%)FirstCity International Corporation          250 B Shares          (25%)MCS et Associés, S.A.          250 C Shares          (25%)Name:

WHBE LimitedJurisdiction:

England and Wales; December 13, 2001Shareholders:

UBN S.A.S.          650 A Shares          (65%)FirstCity International Corporation          100 B Shares          (10%)MCS et Associés, S.A.          250 C Shares          (25%)Name:

WOX LimitedJurisdiction:

England and Wales; May 27, 2002Shareholders:

UBN S.A.S.          550 A Shares          (55%)FirstCity International Corporation          200 C Shares          (20%)MCS et Associés, S.A.          250 B Shares          (25%)Name:

CRY LimitedJurisdiction:

England and Wales; July 30, 2002Shareholders:

UBN S.A.S.          600 A Shares          (60%)FirstCity International Corporation          200 B Shares          (20%)MCS et Associés, S.A.          200 C Shares          (20%)Name:

CTY LimitedJurisdiction:

England and Wales; December 18, 2002Shareholders:

UBN S.A.S.          550 A Shares          (55%)FirstCity International Corporation          200 B Shares          (20%)MCS et Associés, S.A.          250 C Shares          (25%)Name:

WOL LimitedJurisdiction:

England and Wales; June 11, 2003Shareholders:

UBN S.A.S.          550 A Shares          (55%)FirstCity International Corporation          225 C Shares          (22.5%)MCS et Associés, S.A.          225 B Shares          (22.5%)Name:

WOD LimitedJurisdiction:

England and Wales; November 12, 2003Shareholders:

UBN S.A.S.          550 A Shares          (55%)FirstCity International Corporation          225 C Shares          (22.5%)MCS et Associés, S.A.          225 B Shares          (22.5%)Name:

FG Portfolio LimitedJurisdiction:

England and Wales; June 8, 2004Shareholders:

UBN S.A.S.          550 A Shares          (55%)FirstCity International Corporation          225 C Shares          (22.5%)MCS et Associés, S.A.          225 B Shares          (22.5%)


21

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Name:

HMCS-ECK LimitedJurisdiction:

England and Wales; October 27, 2005Shareholders:

FirstCity International Corporation          320 C Shares          (32%)MCS et Associés, S.A.          320 B Shares          (32%)HMCS Investment GmbH          40 D Shares          (4%)Name:

HMCS-SIG LimitedJurisdiction:

England and Wales; December 14, 2005Shareholders:

FirstCity International Corporation          300 C Shares          (30%)MCS et Associés, S.A.          200 B Shares          (20%)HMCS Investment GmbH          10 D Shares          (1%)Name:

EHCTY LimitedJurisdiction:

England and Wales; September 20, 2006Shareholders:

FirstCity International Corporation          330 B Shares          (33%)MCS et Associés, S.A.          330 C Shares          (33%)HMCS Portfolio GmbH          10 D Shares          (1%)Name:

HMCS-GEN LimitedJurisdiction:

England and Wales; October 16, 2006Shareholders:

FirstCity International Corporation          300 B Shares          (30%)MCS et Associés, S.A.          200 C Shares          (20%)Name:

CVI GVF Luxembourg Thirteen S.a.r.l.Jurisdiction:

LuxembourgOwnership:

FirstCity International Corporation          30%MCS et Associés, S.A.          20%Name:

CVI GVF (Lux) Securitisation S.a.r.l.; Compartment "Sprockhovel"Jurisdiction:

Luxembourg; formed on September 6, 2006Owners:

FirstCity International Corporation          879,600 PECs          (30%)MCS et Associés, S.A.          879,600 PECs          (30%)HMCS Portfolio GmbH          293,200 PECs          (10%)Name:

CVI GVF (Lux) Securitisation S.à.r.l.; Compartment "Marktheidenfeld"Jurisdiction:

Luxembourg; formed on 9-06-06; Compartment June 15, 2007Owners:

FirstCity International Corporation          546,300 PEC's          (30%)MCS et Associés, S.A.          546,300 PEC's          (30%)HMCS Portfolio GmbH          182,100 PEC's          (10%)Name:

CVI GVF (Lux) Securitisation, S.à.r.l.; Compartment "Voreifel"Jurisdiction:

Luxembourg; formed on September 6, 2006; Compartment November 6, 2007Owners:

FirstCity International Corporation          1,911,870 PEC's          (30%)MCS et Associés, S.A.          1,911,870 PEC's          (30%)HMCS Portfolio GmbH          637,290 PEC's          (10%)Name:

HMCS-Rhon LimitedJurisdiction:

England and Wales: December 17, 2007Shareholders:

FirstCity International Corporation          450 A Shares          45%MCS et Associés, S.A.          450 B Shares          45%HMCS Portfolio GmbH          100 C Shares          10%


22

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7.

FirstCity Servicing Corporation. The following corporations, limited partnerships, limited liability companies and other entities are
entities in which FirstCity Servicing Corporation or certain of its subsidiaries own an equity interest.A.

Corporations:Name:

FirstCity Mexico, S.A. de C.V. (formerly Asset Servicing de Mexico S.A. de C.V.)Jurisdiction:

Mexico, incorporated December 2, 1998Shareholders:

FirstCity Servicing Corporation          99 Shares          (99%)FirstCity Financial Corporation          1 Share          (1%)Name:

MCS et Associés, S.A.Jurisdiction:

France, Societe AnonymeShareholders:

UBN S.A.S.          240,000 Shares          (23.60%FirstCity Servicing Corporation          121,050 Shares          (11.88%)James T. Sartain          100 Shares          (0.001%)Name:

Compagnie Transatlantique de PortefeuillesJurisdiction:

France, Societe Par Actions Simplifiee, July 22, 1997Shareholder:

MCS et Associés, S.A.          5,000 Shares          (33%)Name:

Servicios Efectivos de Recuperacion, S. de R.L. de C.V.Jurisdiction:

Mexico; November 16, 2001Shareholders:

FirstCity Mexico S.A. de C.V.          49,999 Shares          (100%)FirstCity Servicing Corporation          1 ShareName:

FirstCity Servicing Corporation of California(formerly and d/b/a Milco Loan Servicing Corporation)Jurisdiction:

California, incorporated on January 3, 1991Shareholder:

FirstCity Servicing Corporation          199 Shares          (100%)Name:

FirstCity Consumer Servicing CorporationJurisdiction:

Texas, incorporated on August 2, 2003Shareholder:

FirstCity Servicing Corporation          400 Shares          (100%)Name:

FirstCity Servicing (Brazil), LLCJurisdiction:

Delaware; formed on November 29, 2007Member:

FirstCity Servicing Corporation          100%Name:

FirstCity Investimentos Ltda.Jurisdiction:

Brazil; formed on January 16, 2008Quotaholders:

FirstCity Servicing (Brazil) LLC          99%FirstCity Servicing Corporation          1%8.

FC Capital Corp. (dba FirstCity Capital Corporation). The following corporations, limited partnerships, limited
liability companies and other entities are entities in which FC Capital Corp. and certain of its affiliates own an equity interest.Name:

FirstCity Capital Home Equity Funding Corp.Jurisdiction:

Delaware, incorporated on June 25, 1998Shareholder:

FC Capital Corp.          1,000 Shares          (100%)


23

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Name:

Valhalla Holdings Corp.Jurisdiction:

Delaware, incorporated on June 25, 1998Shareholder:

FC Capital Corp.          1,000 Shares          (100%)


24

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