##### 



EXHIBIT 21

BANK ONE CORPORATION Subsidiaries

As of December 31, 2003, the Corporation had the subsidiaries listed
below, all of which were wholly-owned except for directors qualifying shares
or as otherwise indicated.

|                                         |                                                |              |                                                 |                                    |          |                 |  | 
|---------------------------------------- | ---------------------------------------------- | ------------ | ----------------------------------------------- | ---------------------------------- | -------- | --------------- |  | 
|                                         |                                                |              |                                                 |                                    |          | Jurisdiction of
|Names of Subsidiaries                    |                                                | Organization
|                                         |                                                |             
|Affiliated Banks Building Co.            |                                                | Colorado    
|Banc One ABS Corporation                 |                                                | Ohio        
|Banc One Arizona Investment Corporation  |                                                | Arizona     
|Banc One Building Management Corporation |                                                | Wisconsin   
|Banc One Capital Holdings Corporation    |                                                | Ohio        
|                                         | Banc One Capital Funding Corporation           |              | Ohio                                           
|                                         | Banc One Capital Services Corporation          |              | Ohio                                           
|                                         | Banc One Management and Consulting Corporation |              | Ohio                                           
|                                         |                                                |              | Banc One Asset Solutions Corporation            |                                    | Texas   
|                                         |                                                |              | Bonnet Resources Corporation                    |                                    | Ohio    
|                                         | Banc One Securities Corporation                |              | Ohio                                           
|                                         | BOCP Holdings Corporation                      |              | Ohio                                           
|                                         |                                                |              | Banc One Capital Partners III, Ltd. (81%)       |                                    | Ohio    
|                                         |                                                |              |                                                 | College Park Holdings LLC          |          | Ohio           
|                                         |                                                |              | Banc One Capital Partners IV, Ltd.              |                                    | Ohio    
|                                         |                                                |              | Banc One Capital Partners V, Ltd. (81%)         |                                    | Ohio    
|                                         |                                                |              | Banc One Capital Partners VI, Ltd. (81%)        |                                    | Ohio    
|                                         |                                                |              | Banc One Capital Partners VII, Ltd. (82%)       |                                    | Ohio    
|                                         |                                                |              | Banc One Capital Partners VIII, Ltd. (83%)      |                                    | Ohio    
|                                         |                                                |              |                                                 | BOCP Energy Partners, L.P. (95%)   |          | Ohio           
|                                         |                                                |              | Banc One Capital Partners IX, LLC (80%)         |                                    | Ohio    
|                                         |                                                |              | Banc One Capital Partners X, Ltd. (85%)         |                                    | Ohio    
|                                         |                                                |              | Banc One Capital Partners XI, Ltd.              |                                    | Ohio    
|                                         |                                                |              | Banc One Capital Partners BC, LLC (80%)         |                                    | Ohio    
|                                         |                                                |              |                                                 | Banc One Capital BIDCO  1998, LLC |          | Louisiana      
|                                         |                                                |              | Banc One Capital Partners Holdings, Ltd. (85%)  |                                    | Ohio    
|                                         |                                                |              |                                                 | Banc One Capital Partners, LLC     |          | Delaware       
|                                         |                                                |              |                                                 | Banc One Capital Partners II, LLC  |          | Delaware       
|                                         |                                                |              | Banc One Stonehenge Capital Fund Wisconsin, LLC |                                    | Delaware
|                                         |                                                |              | BOCF, LLC (80%)                                 |                                    | Delaware
|                                         |                                                |              | BOCNY, LLC                                      |                                    | Delaware
|                                         |                                                |              | BOCP II Limited Liability Company (80%)         |                                    | Ohio    
|                                         |                                                |              | BOME Investors, Inc.                            |                                    | Delaware
|                                         |                                                |              | BOME Investors II, LLC                          |                                    | Delaware
|                                         |                                                |              | BOME Investors III, LLC                         |                                    | Delaware





---



##### 



|                               |                              |              |                                   |                                               |          |                   |  | 
|------------------------------ | ---------------------------- | ------------ | --------------------------------- | --------------------------------------------- | -------- | ----------------- |  | 
|                               |                              |              |                                   |                                               |          | Jurisdiction of  
|Names of Subsidiaries          |                              | Organization
|                               |                              |             
|                               |                              |              | Tax Credit Acquisitions, LLC      |                                               | Ohio    
|                               |                              |              | Tax Credit Acquisitions II, LLC   |                                               | Ohio    
|Banc One Financial Corporation |                              | Delaware    
|                               | Banc One Capital Corporation |              | Delaware                         
|                               |                              |              | Banc One Capital Management LLC   |                                               | Delaware
|                               |                              |              |                                   | Banc One Opportunity Fund LP                  |          | Delaware         
|                               |                              |              | Bank One Investment Corporation   |                                               | Delaware
|                               |                              |              |                                   | OEP Holding Corporation                       |          | Delaware         
|                               |                              |              |                                   | Banc One Equity Capital Fund II, LLC
(99.5%)  |          | Delaware         
|                               |                              |              |                                   | Banc One Equity Capital SBIC
Fund II, L.L.C   |          | Delaware         
|                               |                              |              |                                   | OEP Co-Investors Management LLC               |          | Delaware         
|                               |                              |              |                                   | OEP Management LLC (93.75%)                   |          | Delaware         
|                               |                              |              |                                   | OEP Star Holding Corporation                  |          | Delaware         
|                               |                              |              |                                   | OEP Star General LLC                          |          | Delaware         
|                               |                              |              |                                   | One Equity Partners, LLC (99.80%)             |          | Delaware         
|                               |                              |              |                                   | One Equity Marine B.V.                        |          | Netherlands      
|                               |                              |              |                                   | European Shipyards Holdings B.V               |          | Netherlands      
|                               |                              |              |                                   | HDW Holdings GmbH                             |          | Germany          
|                               |                              |              |                                   | Howaldtswerke-Deutsche
Werft AG               |          | Germany          
|                               |                              |              |                                   | OEP MedVest, LLC                              |          | Delaware         
|                               |                              |              |                                   | OEP Star Limited LLC                          |          | Delaware         
|                               |                              |              |                                   | Star 2UK Limited Partnership                  |          | United Kingdom   
|                               |                              |              |                                   | One Equity Partners-Europe GmbH               |          | Germany          
|                               |                              |              |                                   | Pharma Services Holding, Inc.                 |          | Delaware         
|                               |                              |              | First Chicago Capital Corporation |                                               | Delaware
|                               |                              |              |                                   | One Mortgage Partners LLC                     |          | Delaware         
|                               |                              |              |                                   | One Mortgage Partners Corp.                   |          | Vermont          
|                               |                              |              | First Chicago Equity Corporation  |                                               | Illinois
|                               |                              |              | First Chicago Leasing Corporation |                                               | Delaware
|                               |                              |              |                                   | Dearborn Street FSC I, Inc.                   |          | US Virgin Islands
|                               |                              |              |                                   | FCL Ship Five, Inc.                           |          | Delaware         
|                               |                              |              |                                   | Cooper Project, L.L.C.                        |          | Delaware         
|                               |                              |              |                                   | FCL Ship Fourteen, Inc.                       |          | Delaware         
|                               |                              |              |                                   | FCL Ship Fifteen, Inc.                        |          | Delaware         
|                               |                              |              |                                   | First Chicago Lease Holdings, Inc.            |          | Delaware         
|                               |                              |              |                                   | Palo Verde Leasing Corporation                |          | Delaware         
|                               |                              |              |                                   | First Chicago Lease Investments, Inc.         |          | Delaware         
|                               |                              |              |                                   | First Chicago Lease Investments Two, Inc.     |          | Delaware         
|                               |                              |              |                                   | Simsbury Associates Limited Partnership (50%) |          | Connecticut      
|                               |                              |              |                                   | First Chicago Lease Investments Three, Inc.   |          | Delaware         

2



---



##### 



|                                  |                                                                                     |              |                                                              |                                      |               |                   |  | 
|--------------------------------- | ----------------------------------------------------------------------------------- | ------------ | ------------------------------------------------------------ | ------------------------------------ | ------------- | ----------------- |  | 
|                                  |                                                                                     |              |                                                              |                                      |               | Jurisdiction of  
|Names of Subsidiaries             |                                                                                     | Organization
|                                  |                                                                                     |             
|                                  |                                                                                     |              |                                                              | Simsbury Leasing Joint Venture (50%) |               | Connecticut      
|                                  |                                                                                     |              |                                                              | First Chicago Leasing FSC, Inc.      |               | US Virgin Islands
|                                  |                                                                                     |              |                                                              | FM Holdings I, Inc.                  |               | Delaware         
|                                  |                                                                                     |              |                                                              | FM Holdings II, Inc.                 |               | Delaware         
|                                  |                                                                                     |              |                                                              | Fountains FSC, Ltd.                  |               | Bermuda          
|                                  |                                                                                     |              |                                                              | GHML Holdings I, Inc.                |               | Delaware         
|                                  |                                                                                     |              |                                                              | GHML Holdings II, Inc.               |               | Delaware         
|                                  |                                                                                     |              |                                                              | GTC Fund III Holdings, Inc.          |               | Delaware         
|                                  |                                                                                     |              |                                                              | GTC Fund IV Holdings, Inc.           |               | Delaware         
|                                  |                                                                                     |              |                                                              | NLTC Fund Holdings I, Inc.           |               | Delaware         
|                                  |                                                                                     |              |                                                              | Simsbury Properties, Inc. (50%)      |               | Delaware         
|                                  |                                                                                     |              |                                                              | Skyhigh Corporation                  |               | Delaware         
|                                  |                                                                                     |              |                                                              | Oak Street FSC, Ltd.                 |               | Bermuda          
|                                  | Banc One Capital Markets, Inc.                                                      |              | Delaware                                                    
|                                  | Banc One Hedging Services Corporation                                               |              | Delaware                                                    
|                                  | Banc One Leasing Services Corporation                                               |              | Delaware                                                    
|                                  | BOHS (Cayman), Ltd.                                                                 |              | Cayman Islands                                              
|                                  | Bond Securitization LLC                                                             |              | Delaware                                                    
|Banc One Financial Services, Inc. |                                                                                     | Indiana     
|                                  | Banc One Consumer Discount Company, A Non-banking
Affiliate of Bank One Corporation |              | Indiana                                                     
|                                  | Banc One Financial Services of Tennessee, Inc.                                      |              | Tennessee                                                   
|                                  | Banc One Financial Services of West Virginia, Inc.                                  |              | West Virginia                                               
|Banc One Insurance Holdings, Inc. |                                                                                     | Arizona     
|                                  | Banc One Insurance Agency Inc.                                                      |              | Wisconsin                                                   
|                                  | Banc One Insurance Company                                                          |              | Vermont                                                     
|                                  | Banc One Life Reinsurance Company                                                   |              | Arizona                                                     
|                                  | Congress Insurance Agency, Inc.                                                     |              | Arizona                                                     
|                                  | Federal Kemper Life Assurance Company                                               |              | Illinois                                                    
|                                  |                                                                                     |              | Zurich Life Insurance Company of New York                    |                                      | New York     
|                                  |                                                                                     |              | Zurich Life Insurance Company of America                     |                                      | Illinois     
|                                  | Investors Brokerage Services, Inc.                                                  |              | Delaware                                                    
|                                  | Investors Brokerage Services Insurance Agency, Inc.                                 |              | Delaware                                                    
|                                  |                                                                                     |              | Investors Brokerage Services Insurance Agency,
Inc. of Texas |                                      | Texas        
|                                  |                                                                                     |              | IBS Insurance Agency Inc. of Ohio                            |                                      | Ohio         
|                                  | One Life Direct, Inc.                                                               |              | Illinois                                                    
|                                  |                                                                                     |              | Zurich Direct, Inc. of Texas                                 |                                      | Texas        
|                                  |                                                                                     |              | Zurich Direct Insurance Agency, Inc. of Massachusetts        |                                      | Massachusetts
|                                  | PMG Asset Management, Inc.                                                          |              | New York                                                    
|                                  | PMG Life Agency, Inc.                                                               |              | New York                                                    
|                                  |                                                                                     |              | PMG Insurance Marketing of Massachusetts                     |                                      | Massachusetts
|                                  | PMG Marketing, Inc.                                                                 |              | New York                                                    

3



---



##### 



|                                              |                                                      |               |                                                  |  |                |                 |  | 
|--------------------------------------------- | ---------------------------------------------------- | ------------- | ------------------------------------------------ |  | -------------- | --------------- |  | 
|                                              |                                                      |               |                                                  |  |                | Jurisdiction of
|Names of Subsidiaries                         |                                                      | Organization 
|                                              |                                                      |              
|                                              | PMG Securities Corporation                           |               | New York                                        
|Banc One Kentucky Insurance Company           |                                                      | Kentucky     
|Banc One Management Corporation               |                                                      | Ohio         
|                                              | Banc One Deferred Benefits Corporation               |               | Ohio                                            
|Banc One Neighborhood Development Corporation |                                                      | Ohio         
|                                              | Banc One Community Development/Wisconsin Corporation |               | Ohio                                            
|Banc One Student Loan Funding Corporation     |                                                      | Ohio         
|Bank One Exchange Services Corporation        |                                                      | Delaware     
|Bank One, Dearborn, National Association      |                                                      | United States
|Bank One, Delaware, National Association.     |                                                      | United States
|                                              | First USA Services, Inc.                             |               | Delaware                                        
|                                              |                                                      |               | First USA Management Services, Inc.              |  | Delaware      
|Bank One, National Association (Chicago)      |                                                      | United States
|                                              | American National Corporation                        |               | Delaware                                        
|                                              | Anexsys, Holdings, Inc.                              |               | Delaware                                        
|                                              |                                                      |               | Anexsys, LLC (64%)                               |  | Illinois      
|                                              | Asset One Louisiana, Inc.                            |               | Louisiana                                       
|                                              | B-ONE Australia Superannuation Fund Pty Ltd.         |               | Australia                                       
|                                              | Banc One Acceptance Corporation                      |               | Ohio                                            
|                                              | Banc One Arizona Leasing Corporation                 |               | Arizona                                         
|                                              | Banc One AutoLease LTD.                              |               | Delaware                                        
|                                              | Banc One Building Corporation                        |               | Illinois                                        
|                                              | Banc One Community Development Corporation           |               | Delaware                                        
|                                              | Banc One Equipment Finance, Inc.                     |               | Indiana                                         
|                                              | Banc One Kentucky Leasing Corporation                |               | Kentucky                                        
|                                              | Banc One Kentucky Vehicle Leasing Company            |               | Kentucky                                        
|                                              | Banc One Leasing Corporation                         |               | Ohio                                            
|                                              | Banc One National Processing Corporation             |               | Delaware                                        
|                                              | Banc One Project Resources International, Inc.       |               | Delaware                                        
|                                              | Banc One Real Estate Investment Corp.                |               | Delaware                                        
|                                              |                                                      |               | One Rock Real Estate Mezzanine Fund I, LLC (60%) |  | Delaware      
|                                              | Banc One Realty Advisors, Inc.                       |               | Delaware                                        
|                                              | Banc One Wisconsin Investment Services Corporation   |               | Wisconsin                                       
|                                              | Bank One Canada                                      |               | Canada                                          
|                                              | Bank One Delaware Inc.                               |               | Delaware                                        
|                                              | Bank One Equity Investors-BIDCO, Inc.                |               | Louisiana                                       
|                                              | Bank One Exchange Corporation                        |               | Illinois                                        
|                                              | Bank One Foundation                                  |               | Illinois                                        
|                                              | Bank One ICS, Inc.                                   |               | Delaware                                        
|                                              | Bank One International Corporation                   |               | United States                                   
|                                              | Bank One International Holdings Corporation          |               | United States                                   
|                                              |                                                      |               | B  ONE Australia Limited                        |  | Australia     
|                                              |                                                      |               | Bank One Europe Ltd.                             |  | United Kingdom

4



---



##### 



|                      |  |                                                            |                                              |                               |                   |                 |  | 
|--------------------- |  | ---------------------------------------------------------- | -------------------------------------------- | ----------------------------- | ----------------- | --------------- |  | 
|                      |  |                                                            |                                              |                               |                   | Jurisdiction of
|Names of Subsidiaries |  | Organization                                              
|                      |  |                                                           
|                      |  |                                                            | Bank One Limited                             |                               | United Kingdom   
|                      |  |                                                            | Bank One (Mexico), S.A.                      |                               | Mexico           
|                      |  |                                                            | Bank One Nominees Limited                    |                               | United Kingdom   
|                      |  |                                                            | BOHK Limited                                 |                               | Hong Kong        
|                      |  |                                                            | BOL Canada I, Inc.                           |                               | Delaware         
|                      |  |                                                            |                                              | BOL Canada I Sub, Inc.        |                   | Delaware       
|                      |  |                                                            |                                              | BO Leasing I ULC              |                   | Canada         
|                      |  |                                                            | BOL (C) II, Inc.                             |                               | Delaware         
|                      |  |                                                            |                                              | BOL Canada II Sub, Inc.       |                   | Delaware       
|                      |  |                                                            |                                              | BOL Canada II Trust           |                   | Delaware       
|                      |  |                                                            |                                              | BO Leasing II ULC             |                   | Canada         
|                      |  |                                                            | BOL Canada III, Inc.                         |                               | Delaware         
|                      |  |                                                            |                                              | BOL Canada III Sub, Inc.      |                   | Delaware       
|                      |  |                                                            |                                              | BO Leasing III ULC            |                   | Canada         
|                      |  |                                                            | Createdesign Limited                         |                               | Wales            
|                      |  |                                                            | Dearborn Merchant Services, Inc.             |                               | US Virgin Islands
|                      |  |                                                            |                                              | Paymentech Canada (52.4%)     |                   | Canada         
|                      |  |                                                            |                                              | Paymentech Canada Debit, Inc. |                   | Canada         
|                      |  |                                                            | First Chicago Asia Holdings Ltd.             |                               | Cayman Islands   
|                      |  |                                                            | First Chicago Brazil Investments, Inc.       |                               | Delaware         
|                      |  |                                                            | First Chicago Chile Investments, Inc.        |                               | Delaware         
|                      |  |                                                            |                                              | Equifin (50%)                 |                   | United States  
|                      |  |                                                            | Monroe Aircraft-Ireland Limited              |                               | Ireland          
|                      |  |                                                            | One Group Asset Management (Ireland) Limited |                               | Ireland          
|                      |  | BIL International Holdings, Inc.                           |                                              | Ohio                         
|                      |  |                                                            | BO-FE FSC, Inc.                              |                               | Virgin Islands   
|                      |  |                                                            | BO-UA FSC, Inc.                              |                               | Virgin Islands   
|                      |  | BOC Realty Kentucky, Inc.                                  |                                              | Kentucky                     
|                      |  | BOC Southeast Holdings Company                             |                                              | Delaware                     
|                      |  | BOCCE, Inc.                                                |                                              | Delaware                     
|                      |  | BOILL IHC, Inc.                                            |                                              | Nevada                       
|                      |  | BOTAC, Inc                                                 |                                              | Nevada                       
|                      |  | Cabbage Alley Partnership, a Louisiana Limited Partnership |                                              | Louisiana                    
|                      |  | City Place International, Inc.                             |                                              | Delaware                     
|                      |  | FC Energy Finance I, Inc.                                  |                                              | Delaware                     
|                      |  |                                                            | FC Energy Finance II, Inc.                   |                               | Delaware         
|                      |  |                                                            | Antrim 1998, LLC (99%)                       |                               | Delaware         
|                      |  | FCNBD Mortgage Investments, Inc.                           |                                              | Delaware                     
|                      |  | FCNBD Technology Holdings, Inc.                            |                                              | Delaware                     
|                      |  | First Commerce Community Development Corporation           |                                              | Louisiana                    
|                      |  | FNBC Leasing Corporation                                   |                                              | Delaware                     
|                      |  |                                                            | Luke FSC, Ltd.                               |                               | Bermuda          
|                      |  |                                                            | Orleans Street FSC, Inc.                     |                               | US Virgin Islands

5



---



##### 



|                                             |  |                                                   |  |                                                                                      |  |                 |  | 
|-------------------------------------------- |  | ------------------------------------------------- |  | ------------------------------------------------------------------------------------ |  | --------------- |  | 
|                                             |  |                                                   |  |                                                                                      |  | Jurisdiction of
|Names of Subsidiaries                        |  | Organization                                     
|                                             |  |                                                  
|                                             |  |                                                   |  | Provident Auto Leasing Investors L.L.C. (2001-C)                                     |  | Delaware       
|                                             |  | FNBC Properties Inc.                              |  | Delaware                                                                            
|                                             |  |                                                   |  | Southeast Holding Company, Ltd.                                                      |  | South Carolina 
|                                             |  | FSK, Inc.                                         |  | Delaware                                                                            
|                                             |  | Lexco Petroleum, Inc.                             |  | Oklahoma                                                                            
|                                             |  | Liberty Payment Services, Inc.                    |  | Kentucky                                                                            
|                                             |  | Liberty Properties Incorporated                   |  | Kentucky                                                                            
|                                             |  | Midwest Audit Services, Inc.                      |  | Illinois                                                                            
|                                             |  | NBD Indiana Properties, Inc.                      |  | Indiana                                                                             
|                                             |  | NBD Leasing, Inc.                                 |  | Indiana                                                                             
|                                             |  | Niagara SPE, LLC                                  |  | Illinois                                                                            
|                                             |  | Riverside Software, LLC                           |  | Illinois                                                                            
|                                             |  | South Cutler, Inc.                                |  | Delaware                                                                            
|                                             |  | Team Life Insurance Company                       |  | Texas                                                                               
|Bank One, National Association (Ohio)        |  | United States                                    
|                                             |  | Banc One Interactive Delivery Corporation         |  | Ohio                                                                                
|                                             |  | Banc One Investment Advisors Corporation          |  | Ohio                                                                                
|                                             |  |                                                   |  | Banc One High Yield Partners, LLC (51%)                                              |  | Ohio           
|                                             |  |                                                   |  | Security Capital Research & Management Incorporated                                  |  | Delaware       
|                                             |  |                                                   |  | SC-R&M Capital Markets, Incorporated                                                 |  | Delaware       
|                                             |  | Banc One Loan Services Corporation                |  | Pennsylvania                                                                        
|                                             |  | Banc One Private Mortgage Insurance Company, Inc. |  | Maine                                                                               
|                                             |  | Banc One POS Services Corporation                 |  | Ohio                                                                                
|                                             |  |                                                   |  | FDC Offer Corporation (54.8%)                                                        |  | Delaware       
|                                             |  |                                                   |  | Paymentech, Inc.                                                                     |  | Delaware       
|                                             |  |                                                   |  | Paymentech Management Resources, Inc.                                                |  | Delaware       
|                                             |  |                                                   |  | Paymentech Employee Resources LLC                                                    |  | Delaware       
|                                             |  |                                                   |  | Banc One Payment Services, LLC (50%;
25% owned by Banc One POS
Services Corporation) |  | Delaware       
|                                             |  |                                                   |  | BOPS Holdings, LLC (99%)                                                             |  | Delaware       
|                                             |  |                                                   |  | Paymentech, L.P.                                                                     |  | Delaware       
|                                             |  |                                                   |  | Merchant-Link, LLC                                                                   |  | Delaware       
|                                             |  |                                                   |  | Paymentech Salem Services
LLC                                                        |  | Delaware       
|                                             |  | Bank One Auto Securitizaion LLC                   |  | Delaware                                                                            
|                                             |  | BONA Capital I, LLC                               |  | Delaware                                                                            
|                                             |  | BONA Capital II, LLC                              |  | Delaware                                                                            
|                                             |  | BOC Realty Ohio, Inc.                             |  | Ohio                                                                                
|                                             |  | BOWV Realty West Virginia, Inc.                   |  | West Virginia                                                                       
|                                             |  | Congress Life Insurance Company                   |  | Arizona                                                                             
|Bank One Trust Company, National Association |  | United States                                    
|BOI Leasing Corporation                      |  | Indiana                                          

6



---



##### 



|                                            |  |                                            |  |          |  |                 |  | 
|------------------------------------------- |  | ------------------------------------------ |  | -------- |  | --------------- |  | 
|                                            |  |                                            |  |          |  | Jurisdiction of
|Names of Subsidiaries                       |  | Organization                              
|                                            |  |                                           
|BOTRCN Corporation                          |  | Delaware                                  
|FC (Cayman), Ltd.                           |  | Cayman Islands                            
|FCTC General, Inc.                          |  | Delaware                                  
|First Chicago Realty Services Corporation   |  | Delaware                                  
|First Chicago Trust Company of New York     |  | New York                                  
|FNW Capital, Inc.                           |  | Illinois                                  
|NBD Community Development Corporation       |  | Michigan                                  
|NBD Equity Corp.                            |  | Michigan                                  
|NBD Neighborhood Revitalization Corporation |  | Indiana                                   
|One Group Dealer Services, Inc.             |  | Delaware                                  
|                                            |  | One Group Administrative Services, Inc.    |  | Delaware
|One Mezzanine Capital Corporation           |  | Delaware                                  
|Pacholder Associates, Inc.                  |  | Ohio                                      
|                                            |  | Kenwood Administrative Management, Inc.    |  | Ohio    
|                                            |  | Pacholder 2000 Partners, LLC (50%)         |  | Delaware
|                                            |  | Pacholder Ohio Realty, Inc.                |  | Ohio    
|                                            |  | Winton Associates, Inc.                    |  | Ohio    
|The One Services Corporation                |  | Michigan                                  
|                                            |  | B-1 Life Reinsurance International Limited |  | Ireland 
|Sterling Assurance Company                  |  | Vermont                                   

The names of certain other subsidiaries of the Corporation have been
omitted because such subsidiaries, considered in the aggregate, would not
constitute a significant subsidiary.

7