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                                                                      EXHIBIT 21

                  PLAYBOY ENTERPRISES, INC. AND SUBSIDIARIES
                                  EXHIBIT 21
                                 SUBSIDIARIES


The accounts of all of the subsidiaries are included in the Company's
Consolidated Financial Statements. Set forth below are the names of certain
active corporate subsidiaries of the Company as of December 31, 1997. Certain
subsidiaries are omitted because such subsidiaries considered individually or in
the aggregate would not constitute a significant subsidiary.

Indented names are subsidiaries of the company under which they are indented:
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                                                                                Percent
                                                     Jurisdiction in           Ownership
                                                    which Incorporated        By Immediate
          Name of Company                              or Organized              Parent
          ---------------                           ------------------        ----------
          <S>                                       <C>                        <C>
          Playboy Enterprises, Inc. (parent)         Delaware
            Lake Shore Press, Inc.                   Delaware                    100%
            Lifestyle Brands, Ltd.                   Delaware                    100%
            Playboy Models, Inc.                     Illinois                    100%
            Playboy Products and Services
             International, B.V.                     The Netherlands             100%
            Playboy Entertainment Group, Inc.        Delaware                    100%
              After Dark Video, Inc.                 Delaware                    100%
              Alta Loma Productions, Inc.            Delaware                    100%
              Cameo Films, Inc.                      Illinois                    100%
              Impulse Productions, Inc.              Delaware                    100%
              Precious Films, Inc.                   California                  100%
              AdulTVision Communications, Inc.       Delaware                    100%
              Mystique Films, Inc.                   California                  100%
              Women Productions, Inc.                California                  100%
            Playboy Clubs International, Inc.        Delaware                    100%
              Playboy Preferred, Inc.                Illinois                    100%
            Critics' Choice Video, Inc.              Illinois                    100%
            Special Editions, Ltd.                   Delaware                    100%
            Playboy Shows, Inc.                      Delaware                    100%
            Telecom International, Inc.              Florida                     100%
            Playboy Gaming International, Ltd.       Delaware                    100%
              Playboy Gaming Greece, Ltd.            Delaware                    100%
            Playboy Properties, Inc.                 Delaware                    100%
            VIPress Poland Sp. z o.o                 Poland                       86%
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