10K

|                                                                 |   | STATE                OF       |   |                                                         |   |
|----------------------------------------------------------------------|--------|-------------------------------|--------|--------------------------------------------------------------|--------|
|                                                                 |   |  INCORPORATION           |   | RELATIONSHIP                                                 |   |
|                                                                 |   |                          |   |                                                         |   |
| BNA              Holdings,              Inc.                    |   | Delaware                 |   | 100%                Owned by                Registrant  |   |
|                                                                 |   |                          |   |                                                         |   |
| BNA              International,              Inc.                    |   | Delaware                 |   | 100%                Owned by                Registrant  |   |
|                                                                 |   |                          |   |                                                         |   |
| BNA              Washington,              Inc.                       |   | Delaware                 |   | 100%                Owned by                Registrant  |   |
|                                                                 |   |                          |   |                                                         |   |
| Institute              of              Management                    |   |                          |   |                                                         |   |
| and                Administration,                Inc.          |   | New                York  |   | 100%                Owned by                Registrant  |   |
|                                                                 |   |                          |   |                                                         |   |
| Kennedy              Information,              Inc.             |   | Delaware                 |   | 100%                Owned by                Registrant  |   |
|                                                                 |   |                          |   |                                                         |   |
| The              McArdle               Printing Co., Inc.  |   | Delaware                 |   | 100%                Owned by                Registrant  |   |
|                                                                 |   |                          |   |                                                         |   |
| STF              Services              Corporation              |   | New                York  |   | 100%                Owned by                Registrant  |   |
|                                                                 |   |                          |   |                                                         |   |
| Tax              Management, Inc.                          |   | Delaware                 |   | 100%                Owned by                Registrant  |   |

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