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                                                                    EXHIBIT 21.1

                               CENTEX CORPORATION
                                 SUBSIDIARY LIST

     The following list of subsidiaries of Centex Corporation ("Centex"),
wholly-owned unless otherwise stated, includes all of the significant
subsidiaries of Centex as of June 22, 1998.

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CORPORATIONS                                         JURISDICTION OF INCORPORATION
<S>                                                  <C>
                                                    
AAA Holdings, Inc.                                   Delaware
    d/b/a Vista Mortgage & Realty, Inc.             
                                                    
ADFINET, Inc.                                        Nevada
                                                    
Advanced Financial Technology, Inc.                  Nevada
    d/b/a Affiliated Advanced Technology, Inc.     
                                                    
Advanced Protection Systems, Inc.                    Nevada
    d/b/a Home Team Security                  
          Apartment Protection Systems               
                                                    
American Gypsum Company                              New Mexico
    d/b/a Centex American Gypsum              
                                                    
Arlington Mortgage, Inc.                             Ohio
                                                    
Armor Insurance Company                              Vermont
                                                    
B P Sand & Gravel, Inc.                              Delaware
                                                     
Bradfield Farms Water Company                        North Carolina
                                                     
Braewood Development Corp.                           Nevada
                                                     
CCP Cement Company                                   Nevada
                                                     
CCP Concrete/Aggregates Company                      Nevada
                                                     
CCP Gypsum Company                                   Nevada
                                                     
CCP Land Company                                     Nevada
                                                     
CDMC Holding, Inc.                                   Nevada
                                                     
CEGC Holding Company                                 Delaware
                                                     
Centech Solutions, Inc.                              Nevada
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CORPORATIONS                                             JURISDICTION OF INCORPORATION
<S>                                                      <C>
Centex Acceptance Corporation                            Nevada

Centex Building Services, Inc.                           Nevada

Centex Cement Corporation                                Nevada

Centex Construction Company, Inc.                        Nevada

Centex Construction Group, Inc.                          Nevada

Centex Construction Group Services, Inc.                 Nevada

Centex Construction Products, Inc.                       Delaware

Centex Credit Corporation                                Nevada
    d/b/a Centex Home Equity Corporation

Centex Development Management Company                    Nevada

Centex Eagle Gypsum Company                              Delaware

Centex Equity Corporation                                Nevada

Centex Finance Company                                   Nevada

Centex Financial Corporation                             Nevada

Centex Financial Management Corporation                  Nevada

Centex Financial Services, Inc.                          Nevada

Centex Forcum Lannom, Inc.                               Nevada

Centex Golden Construction Company                       Nevada
    d/b/a M.H. Golden Company

Centex-Great Southwest Corporation                       Florida

Centex-Hamby Construction, Inc.                          Georgia

Centex Home Services Company                             Nevada
    d/b/a HomeTeam Services

Centex Homes, Inc.                                       Texas
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CORPORATIONS                                             JURISDICTION OF INCORPORATION
<S>                                                      <C>
Centex Homes Marketing, Inc.                             Georgia

Centex Homes Realty Company                              Nevada

Centex Homes International Limited                       United Kingdom

Centex Homes International B.V.                          Netherlands

Centex Hometeam, Inc.                                    Nevada

Centex International, Inc.                               Nevada
    d/b/a Nevada Centex International, Inc.

Centex Landis Construction Co., Inc.                     Louisiana

Centex Life Solutions, Inc.                              Nevada

Centex Materials, Inc.                                   Nevada

Centex New Jersey Realty, Inc.                           Nevada

Centex Real Estate Construction Company                  Nevada

Centex Real Estate Corporation                           Nevada
    d/b/a Centex Homes
          CTX Builders Supply
          New Home Research Group
          Fox & Jacobs
          Fox & Jacobs Homes
          Centex Homes Corporation
          Centex-Crosland Homes
          Centex Custom Homes
          Vista Homes

Centex Realty Company                                    Nevada

Centex Realty, Inc.                                      Florida

Centex Repair & Remodel Corporation                      Nevada

Centex-Rodgers Construction Company                      Nevada

Centex-Rooney Construction Co., Inc.                     Florida
    d/b/a Centex Rooney Facilities Group
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CORPORATIONS                                          JURISDICTION OF INCORPORATION
<S>                                                   <C>
Centex-Rooney Construction Co. of Georgia, Inc.       Georgia
                                                     
Centex Seismic Services, Inc.                         Nevada
                                                     
Centex Senior Services Corporation                    Nevada
   d/b/a Kensington Cottages at Chandler Creek       
         Kensington Cottages by Centex               
         Kensington Cottages at Clear Creek          
                                                     
Centex Service Company                                Nevada
                                                     
Centex Technology, Inc.                               Nevada
                                                     
Centex Title & Ancillary Services, Inc.               Nevada
                                                     
Charles Church Homes Limited                          United Kingdom
                                                     
CHEC Asset Receivable Corporation                     Nevada
                                                     
CHEC Residual Corporation                             Nevada
                                                     
Commerce Land Title, Inc.                             Nevada
                                                     
Crosland Bond Company                                 North Carolina
                                                     
CTX Holding Company                                   Nevada
                                                     
CTX Insurance Agency, Inc.                            Texas
                                                     
CTX Mortgage Company                                  Nevada
    d/b/a Frost Mortgage Banking Group               
          Houston Appraisal, Inc.                    
          Crane Financial Group                      
                                                     
CTX Mortgage Ventures Corporation                     Nevada
                                                     
Dundee Insurance Agency, Inc.                         Texas
                                                     
Enhanced Safetysystems, Inc.                          Nevada
    d/b/a Cactus Valley Pest Control                 
          Environmental Safetysystems, Inc.          
          HomeTeam Services
          Results Pest Control
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CORPORATIONS                                           JURISDICTION OF INCORPORATION
<S>                                                    <C>
Fox & Jacobs, Inc.                                     Texas
                                                       
Genbond Two, Inc.                                      North Carolina
                                                       
GHQ Company, Inc.                                      Nevada
                                                       
Great Lakes Development Co., Inc.                      Nevada
                                                       
Illinois Cement Company                                Illinois
                                                       
Independent General Agency, Inc.                       Texas
                                                       
Integrated Project Solutions, Inc.                     Nevada
                                                       
John Crosland Acceptance Corporation Three             North Carolina
                                                       
John Crosland Company                                  North Carolina
                                                       
Loan Processing Technologies, Inc.                     Nevada
                                                       
M & W Drywall Supply Company                           Nevada 
    d/b/a Rio Grande Drywall Supply Co.                
                                                       
M&W General Construction Company                       Nevada
                                                       
Mathews Readymix, Inc.                                 California
                                                       
Metropolitan Tax Service, Inc.                         Nevada
                                                       
Metropolitan Title & Guaranty Company                  Florida
    d/b/a Metropolitan Tax & Abstract Services, Inc.    
                                                       
Mountain Cement Company                                Nevada
                                                       
Nevada Cement Company                                  Nevada
                                                       
900 Development Corporation                            Cayman Islands
                                                       
111 E. Chestnut Corporation                            Illinois
                                                       
1629 Service Corporation                               Texas
                                                       
Panoramic Land, Inc.                                   Nevada
                                                       
Radar Exterminating Company, Incorporated              Georgia
    d/b/a Radar Home Team Services                     
                                                       
Residential Contractors, Inc.                          Nevada
                                                       
San Juan Land Company                                  Nevada
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CORPORATIONS                                       JURISDICTION OF INCORPORATION
<S>                                                <C>
Texas Cement Company                               Nevada
    d/b/a CP Service Company                        
          Texas-Lehigh Cement Company               
                                                   
Texas-Lehigh Cement Company                        Texas
                                                   
21 Housing Corporation                             Nevada
    d/b/a Cavtex Homes                             
          Centex Community Development Company     
          Integrity Homes                          
          Integrity Homes of Utah                  
          Vista Homes                              
                                                   
Western Aggregates, Inc.                           Nevada
                                                   
Western Cement Company of California               California
                                                   
Westwood Insurance Agency                          Nevada
                                                   
Westwood Insurance Agency                          California
                                                   
Westwood Insurance Agency of Arizona, Inc.         Arizona
                                                   
Wisconsin Cement Company                           Wisconsin
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LIMITED LIABILITY COMPANIES                         JURISDICTION OF ORGANIZATION
                                                    
<S>                                                 <C>
BRG Holdings, LLC                                   Delaware
                                                    
CAV Holdings, LLC                                   Delaware
                                                    
Cavco Industries, LLC                               Delaware
                                                    
CRG Holdings, LLC                                   Delaware
    d/b/a AAA Homes                                  
                                                    
Centex-Aim Construction, L.L.C.                     Michigan
                                                    
Centex Construction Company/Washington, LLC         Virginia
                                                    
Centex Development 1, LLC                           Florida
                                                    
Centex Eagle Gypsum Company, L.L.C.                 Delaware
    d/b/a American Gypsum Company                   
                                                    
Centex Landis Limited Liability Company No. 1       Louisiana
                                                    
Centex Multi-Family Construction Company, L.L.C.    Texas
                                                    
Centex Rodgers No.1, LLC                            Tennessee
                                                    
Centex Urban, LLC                                   Tennessee
                                                    
IPS Group                                           Texas

Wayne Homes, LLC                                    Delaware
                                                    
Westfest, LLC                                       Arizona
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INTEREST IN PARTNERSHIPS,
LIMITED PARTNERSHIPS AND
JOINT VENTURES                                               JURISDICTION OF ORGANIZATION
                                                             
                                                             
<S>                                                          <C>
A. W. Mortgage, L.P.                                         Texas
                                                             
All Home Mortgage, L.P.                                      Texas
                                                             
American Priority Mortgage Company, L.P.                     Texas
                                                             
Anderson Funding Services, L.P.                              Texas
                                                             
Blakeney Heath Limited Partnership                           North Carolina
                                                             
Builder's Mortgage Services, L.P.                            Texas
                                                             
Centex Auchter, a Joint Venture                              Florida
                                                             
Centex Concord                                               Tennessee
                                                             
Centex-Corrigan Multi-Family II Joint Venture                Texas
                                                             
Centex-Draper 156 Partnership                                California
                                                             
Centex-Draper 162 Partnership                                California
                                                             
Centex Engle Joint Venture, a Florida                        Florida
General Partnership                                          
                                                             
Centex/Goins Rash Cain, a Joint Venture                      Tennessee
                                                             
Centex-Great Southwest Corporation/Construct Two,            Florida
a Joint Venture                                              
                                                             
Centex-Great Southwest Corporation Polote,                   California
a Joint Venture
                                                             
Centex Homes, a Nevada General Partnership                   Nevada
    d/b/a Centex Development Company                         
          Fox & Jacobs                                       
          New Homes Research Group                           
          Timbercreek Forest Products                        
          Vista Homes                                        
          Vista Properties Company                           
                                                             
Centex Homes Company, an Indiana General Partnership         Indiana
                                                             
Centex Lennar Joint Venture                                  Florida
                                                             
Centex-Rodgers Construction Company-Construction             North Carolina
Control Services Corporation, a Joint Venture                
                                                             
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INTEREST IN PARTNERSHIPS,
LIMITED PARTNERSHIPS AND
JOINT VENTURES                                         JURISDICTION OF ORGANIZATION
<S>                                                    <C>
Centex-Rodgers/Sorenson Gross, a Joint Venture         Michigan

Centex Rodgers/Sylla, a Joint Venture                  Florida
                                                       
Centex Rooney Construction Co., Inc./Construct         Florida
Two Construction Managers, Inc., a Joint Venture       
                                                       
Centex Rooney Construction Co., Inc./Huber,            Florida
Hunt & Nichols, Inc., a Joint Venture                  
                                                       
Centex Rooney Jones, a joint venture                   Florida
                                                       
Centex Rooney Construction Co., Inc./Landis            Louisiana
Company, Inc., a Joint Venture                         
                                                       
Centex-Rooney National Development, J.V.               Florida
                                                       
Centex Rooney/Sierra, Joint Venture                    Florida
                                                       
CRB Trust Mortgage, Ltd.                               Florida
                                                       
Crosland Acceptance Associates V                       North Carolina
                                                       
Golden-C A B, Joint Venture                            California
                                                       
Golden Turner, a Joint Venture                         California
                                                       
Grand Lending Group, L.P.                              Texas
                                                       
HMP Home Loans, L.P.                                   Tennessee
                                                       
Harvard Mortgage Company, Limited Partnership          New Mexico
                                                       
Heartland Mortgage, L.P.                               California
                                                       
Illinois Cement Company, Joint Venture                 Illinois
                                                       
Integrity Homes, a Texas General Partnership           Texas
                                                       
IPS Group No.1, LLC                                    Texas
                                                       
LMX Financial Services, Ltd.                           Florida
                                                       
Masters Lending Group, L.P.                            Texas
                                                       
Morrison Financial Services, L.P.                      Texas
                                                       
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INTEREST IN PARTNERSHIPS,
LIMITED PARTNERSHIPS AND
JOINT VENTURES                                   JURISDICTION OF ORGANIZATION
<S>                                              <C>
Mortgage Acceptance Associates No. 2,            North Carolina
a North Carolina General Partnership

Mortgage Collateral Associates No. 1             North Carolina
                                                 
Mortgage Collateral Associates No. 3             North Carolina
                                                 
NHC Mortgage Group, L.P.                         Texas
                                                 
New Dimension Financial Services, L.P.           Texas
                                                 
PHS Mortgage Company                             New Mexico
                                                 
Palmdale 101 Venture                             California
                                                 
Pride Financial Services, L.P.                   Texas
                                                 
Santa Fe Mortgage Group, L.P.                    Texas
                                                 
Texas-Lehigh Cement Company                      Texas
                                                 
TG Mortgage Group, L.P.                          Texas
                                                 
T.W. Lewis Mortgage Company, L.P.                Texas
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         All of Centex's subsidiaries are included in the Combined
Financial Statements of Centex incorporated by reference into this Form
10-K from the Centex 1998 Annual Report to Stockholders.