**EXHIBIT 8.1****LIST OF MAJOR SUBSIDIARIES DIRECTLY (*) OR INDIRECTLY OWNED AT DECEMBER 31, 2005**           **Ownership****Company Name** **Country** **Percentage**       Austoft Industries Ltd. Australia  100        Banco CNH Capital S.A. (*) Brazil  100        BLI Group, Inc. USA  100        Blue Leaf I.P., Inc. USA  100        Case Brazil Holdings, Inc. USA  100        Case Canada Receivables, Inc. Canada (Alberta)  100        Case Credit Australia Investments Pty Ltd Australia  100        Case Credit Holdings Limited USA  100        Case Credit Wholesale Pty Ltd Australia  100        Case Equipment Holdings Limited USA  100        Case Equipment International Corporation USA  100        Case Europe S.a.r.l. France  100        Case Harvesting Systems GmbH Germany  100        Case India Limited USA  100        Case International Marketing, Inc. USA  100        Case LBX Holdings, Inc. USA  100        Case Machinery (Shanghai) Co., Ltd. China  100        Case New Holland Inc. (*) USA  100        Case United Kingdom Limited United Kingdom  100        CNH America LLC USA  100        CNH Argentina S.A. Argentina  100        CNH Asian Holding Limited (*) Mauritius  100        CNH Australia Pty Limited (*) Australia  100        CNH Baumaschinen GmbH Germany  100        CNH Belgium N.V. Belgium  100        CNH Canada, Ltd. (*) Canada (Ontario)  100        CNH Capital America LLC USA  100        CNH Capital Australia Pty Limited Australia  100        CNH Capital Benelux (*) Belgium  100        CNH Capital Canada Ltd. Canada (Alberta)  100 
 

 
           **Ownership****Company Name** **Country** **Percentage**       CNH Capital (Europe) Plc Ireland  100        CNH Capital Insurance Agency Inc. USA  100        CNH Capital LLC USA  100        CNH Capital Plc (*) Ireland  100        CNH Capital RACES LLC USA  100        CNH Capital Receivables LLC USA  100        CNH Capital U.K. Ltd. (*) United Kingdom  100        CNH Componentes, S.A. de C.V. Mexico  100        CNH Danmark A/S Denmark  100        CNH Deutschland GmbH Germany  100        CNH Engine Corporation USA  100        CNH Financial Services S.A.S. (*) France  100        CNH Financial Services A/S (*) Denmark  100        CNH Financial Services GmbH Germany  100        CNH Financial Services Srl (*) Italy  100        CNH France S.A. France  100        CNH International S.A. (*) Luxembourg  100        CNH Italia S.p.A. (*) Italy  100        CNH Latin America Ltda. (*) Brazil  100        CNH Maquinaria Spain, S.A. Spain  100        CNH Osterreich GmbH (*) Austria  100        CNH Polska Sp.zo.o. Poland  100        CNH Portugal Comercio de Tractores eMaquinas Agricolas, Ltda. Portugal  100        CNH Receivables LLC USA  100        CNH Servicos Tecnicos e Desenvolvimentode Negocios Ltda. Brazil  100        CNH Trade N.V. (*) Netherlands  100        CNH U.K. Limited United Kingdom  100        CNH Wholesale Receivables LLC USA  100        Fermec North America, Inc. USA  100        Fiatallis North America LLC USA  100        Flexi-Coil (U.K.) Limited United Kingdom  100        Harbin New Holland Tractors Co., Ltd. China  100 
 

 
           **Ownership****Company Name** **Country** **Percentage**       HFI Holdings, Inc. USA  100        International Harvester Company USA  100        J.I. Case Company Limited United Kingdom  100        MBA AG (*) Switzerland  100        New Holland Australia Pty Ltd Australia  100        New Holland Credit Australia Pty Limited Australia  100        New Holland Credit Company, LLC USA  100        New Holland Excavator Holdings LLC USA  100        New Holland Holding Limited United Kingdom  100        New Holland Holdings Argentina S.A. Argentina  100        New Holland Ltd. (*) United Kingdom  100        New Holland Tractor Ltd. N.V. Belgium/U.K.  100        New Holland Tractors (India) Private Limited India  100        O&K Hilfe GmbH Germany  100        Pryor Foundry, Inc. USA  100        Receivables Credit II Corporation Canada (Alberta)  100        Kobelco Construction Machinery America LLC USA  65        Kobelco Construction Machinery Europe B.V. Netherlands  75        New Holland Kobelco Construction MachineryBelgium S.A. Belgium  75        New Holland Kobelco ConstructionMachinery S.p.A. Italy  75        Shanghai New Holland Agricultural