EXHIBIT 21



SUBSIDIARIES



|Name                                                  |  | Jurisdiction of Organization
|----------------------------------------------------- |  | ----------------------------
|Hewitt Associates S.A.                                |  | Argentina                   
|Hewitt Associates Pty. Ltd.                           |  | Australia                   
|Hewitt Associates GmbH                                |  | Austria                     
|Hewitt Associates S.A.                                |  | Belgium                     
|Cyborg Systems of Canada, Inc.                        |  | Canada                      
|Hewitt Associates Corp.                               |  | Canada                      
|Hewitt Holdings Canada Company                        |  | Canada                      
|Hewitt Associates (Chile) Limitada                    |  | Chile                       
|Hewitt Associates Consulting (Shanghai) Co. Ltd.      |  | China                       
|Hewitt Associates Ltd.                                |  | China                       
|Finance Arbitrage SAS                                 |  | France                      
|Hewitt Associates SARL                                |  | France                      
|Hewitt Associates Ltd.                                |  | Hong Kong                   
|Hewitt Associates GmbH                                |  | Germany                     
|Cyborg Systems India Private Limited                  |  | India                       
|Hewitt Associates (India) Pvt. Ltd.                   |  | India                       
|Hewitt International Services (India) Pvt. Ltd.       |  | India                       
|India Life Asset Management Company Ltd.              |  | India                       
|India Life Hewitt Ltd.                                |  | India                       
|PT Hewitt Konsultan Indonesia                         |  | Indonesia                   
|Hewitt Bacon & Woodrow (Ireland) Limited              |  | Ireland                     
|Becketts Ltd.                                         |  | Ireland                     
|Hewitt and Becketts Ltd.                              |  | Ireland                     
|Hewitt Associates Srl                                 |  | Italy                       
|Hewitt Associates Kabushiki Gaisya                    |  | Japan                       
|Hewitt Associates SDN. BHD                            |  | Malaysia                    
|Hewitt Associates (Mauritius) Ltd.                    |  | Maritius                    
|Cyborg Systems de Mexico                              |  | Mexico                      
|Hewitt Associates de Mexico S. de R.L. de C.V         |  | Mexico                      
|Empresas Hewitt S. de R.L. de C.V.                    |  | Mexico                      
|Hewitt Mexicana S. de R.L. de C.V.                    |  | Mexico                      
|Hewitt Associates S.C.                                |  | Mexico                      
|Hewitt Associates, Inc                                |  | Philippines                 
|Hewitt Associates Sp. z o.o                           |  | Poland                      
|Hewitt Associates LLC Sucursal en Portugal            |  | Portugal                    
|Hewitt Associates Pte. Ltd.                           |  | Singapore                   
|Cyborg Systems (Africa) Pty Limited                   |  | South Africa                
|Hewitt Associates Korea LLC                           |  | South Korea                 
|Hewitt Associates, S.A.                               |  | Spain                       
|PRASA Hewitt S.A.                                     |  | Switzerland                 
|Hewitt Associates (Thailand) Limited                  |  | Thailand                    
|Hewitt Heijnis & Koelman, B.V.                        |  | The Netherlands             
|Hewitt & Koelman International B.V.                   |  | The Netherlands             
|CSI Product Group UK Limited                          |  | United Kingdom              
|Cyborg Systems Limited                                |  | United Kingdom              
|Hewitt Associates (Europe) Ltd.                       |  | United Kingdom              
|Hewitt Bacon & Woodrow Limited                        |  | United Kingdom              
|Hewitt Associates Ltd.                                |  | United Kingdom              
|Bacon & Woodrow Partnerships Ltd.                     |  | United Kingdom              
|Hewitt Bacon & Woodrow Investment Consulting Ltd.     |  | United Kingdom              
|Bacon & Woodrow Limited                               |  | United Kingdom              
|Bacon & Woodrow Consulting Ltd.                       |  | United Kingdom              
|Bacon & Woodrow Insurance Consulting Ltd.             |  | United Kingdom              
|Bacon & Woodrow Investment Services, Ltd.             |  | United Kingdom              
|Bacon & Woodrow Pension Administration Services, Ltd. |  | United Kingdom              
|Bacon & Woodrow Servie Company Ltd.                   |  | United Kingdom              
|Cockman Consultants & Partners Limited                |  | United Kingdom              
|Pensions Central Library Ltd.                         |  | United Kingdom              
|PFA Administration Ltd.                               |  | United Kingdom              
|PFA Systems Ltd.                                      |  | United Kingdom              
|Triskel Communications Ltd.                           |  | United Kingdom              
|Lincolnshire Insurance Company PCC Limited            |  | United Kingdom (Guernsey)   
|ANNOD Corp.                                           |  | United States               
|Cyborg Holdings, Inc                                  |  | United States               
|Cyborg Systems Africa, LLC                            |  | United States               
|Cyborg Systems Asia, Ltd.                             |  | United States               
|Cyborg Systems, Inc.                                  |  | United States               
|Cyborg Systems India Limited (Illinois)               |  | United States               
|Cyborg Systems Worldwide, Inc.                        |  | United States               
|Hewitt Associates LLC                                 |  | United States               
|Hewitt Distributions LLC                              |  | United States               
|Hewitt Insurance Brokerage LLC                        |  | United States               
|Hewitt International Holdings Corporation             |  | United States               
|Hewitt Financial Services LLC                         |  | United States               
|Sageo LLC                                             |  | United States