Exhibit 21



SUBSIDIARIES OF REGISTRANT



The registrant is IKON Office Solutions, Inc., an Ohio corporation, which has no parent. The following sets forth information with respect to IKON Office
Solutions, Inc.s subsidiaries as of September 30, 2003.



|Subsidiary                                        |  | % Voting Securities Owned (by whom) |  | State or otherjurisdiction ofIncorporation ororganization
|------------------------------------------------- |  | ----------------------------------- |  | ---------------------------------------------------------
|Chesterbrook Insurance Limited                    |  | 100% IKON                           |  | Bermuda                                                  
|IKON Capital, Inc. (Canada)                       |  | 100% IKON                           |  | Canada                                                   
|IKON Document Solutions Ltd (Ireland)             |  | 100% IKON                           |  | Ireland                                                  
|IKON Office Solutions A/S (Denmark)               |  | 100% IKON                           |  | Denmark                                                  
|IKON Office Solutions Foundation, Inc.            |  | 100% IKON                           |  | Pennsylvania                                             
|IKON Office Solutions Group PLC (IOSG)            |  | 100% IKON                           |  | United Kingdom                                           
|IKON Office Solutions Europe PLC (IOSE)           |  | 100% IOSG                           |  | United Kingdom                                           
|IKON Office Solutions PLC (IOSPLC)                |  | 100% IOSE                           |  | United Kingdom                                           
|IKON Capital PLC                                  |  | 100% IOSPLC                         |  | United Kingdom                                           
|Kafevend Group PLC                                |  | 100% IOSPLC                         |  | United Kingdom                                           
|IKON Office Solutions Holding GmbH (IOSH)         |  | 100% IOSE                           |  | Germany                                                  
|IKON Office Solutions GmbH Hamburg                |  | 100% IOSH                           |  | Germany                                                  
|IKON Office Solutions GmbH Hagen (IKONHAGEN)      |  | 100% IOSH                           |  | Germany                                                  
|IKON Office Solutions Gmbh Network Services       |  | 100% IKONHAGEN                      |  | Germany                                                  
|IKON Office Solutions GmbH Munchen                |  | 100% IOSH                           |  | Germany                                                  
|IKON Office Solutions GmbH Frankfurt              |  | 100% IOSH                           |  | Germany                                                  
|IKON Office Solutions GmbH Leipzig                |  | 100% IOSH                           |  | Germany                                                  
|IKON Leasing GmbH                                 |  | 100% IOSH                           |  | Germany                                                  
|IKON Office Solutions Technology Services, LLC    |  | 100% IKON                           |  | Delaware                                                 
|IKON Office Solutions West, Inc.                  |  | 100% IKON                           |  | Delaware                                                 
|IKON Realty, Inc.                                 |  | 100% IKON                           |  | Delaware                                                 
|INA North America Holdings, Inc. (INA)            |  | 100% IKON                           |  | Delaware                                                 
|IKON Baja, S.A. de C.V.                           |  | 99.79% INA/.21% IKON                |  | Mexico                                                   
|IKON de Mexico, S.A. de C.V. (IDM)                |  | 99.99% INA/.01% IKON                |  | Mexico                                                   
|IKON Servicios, S.A. de C.V. (IS)                 |  | 99.99% IDM/.01% INA                 |  | Mexico                                                   
|IKON Copiroyal, S.A. de C.V.                      |  | 99.99% IDM/.01% IS                  |  | Mexico                                                   
|IKON Inmuebles, S.A. de C.V.                      |  | 9.99% IDM/.01% IS                   |  | Mexico                                                   
|IKON Office Solutions Australia Pty Ltd           |  | 100% INA                            |  | Australia                                                
|IKON Office Solutions, Inc. (Canada) (IOS-Canada) |  | 100% INA                            |  | Canada                                                   
|IKON Office Solutions Dublin Limited              |  | 100% IOS-Canada                     |  | Ireland                                                  
|IOS Capital, LLC (IOSC)                           |  | 100% IKON                           |  | Delaware                                                 
|IKON Funding, Inc.                                |  | 100% IOSC                           |  | Delaware                                                 
|IKON Receivables Funding, Inc.                    |  | 100% IOSC                           |  | Delaware                                                 
|IKON Funding, LLC                                 |  | 100% IOSC                           |  | Delaware                                                 
|IKON Funding-1, LLC                               |  | 100% IOSC                           |  | Delaware                                                 
|IKON Funding-2, LLC (IF-2)                        |  | 100% IOSC                           |  | Delaware                                                 
|IKON Funding-3, LLC                               |  | 100% IOSC                           |  | Delaware                                                 
|IKON Funding-4, LLC                               |  | 100% IOSC                           |  | Delaware                                                 
|IKON Funding-5, LLC                               |  | 100% IOSC                           |  | Delaware                                                 
|IKON Receivables 1, LLC (IR-1)                   |  | 100% IOSC                           |  | Delaware                                                 
|IKON Receivables, LLC                             |  | 100% IR-1                           |  | Delaware                                                 
|IKON Receivables2, LLC (IR-2)                    |  | 100% IOSC                           |  | Delaware                                                 
|IKON Receivables Funding, LLC                     |  | 100% IR-2                           |  | Delaware                                                 
|Partners Securities Company                       |  | 100% IKON                           |  | Delaware                                                 
|Pimeau B.V.                                       |  | 100% IKON                           |  | France                                                   
|IKON Office Solutions (Holding) France (IOSHF)    |  | 92% IKON / 8% PIMEAU                |  | France                                                   
|IKON Office Solutions S.A. (IOSSA)                |  | 100% IOSHF                          |  | France                                                   
|IKON Document Service S.A.                        |  | 100% IOSSA                          |  | France                                                   
|IKON Total Document Services S.A.                 |  | 100% IOSSA                          |  | France                                                   
|Upshur Coals Corporation                          |  | 100% IKON                           |  | West Virginia