Exhibit 21.1

Subsidiaries of Prudential Financial, Inc.

Subsidiary	Jurisdiction of Incorporation
Mulberry Muni Investors DA No. 1, Inc.	Delaware
Mulberry Muni Investors GLTC No. 1, Inc.	Delaware
Mulberry Muni Investors GLTC No. 2, Inc.	Delaware
Mulberry Muni Investors ILLT No. 1, Inc.	Delaware
Mulberry Muni Investors ILST No. 1, Inc.	Delaware
Mulberry Muni Investors PA No. 1, Inc.	Delaware
Mulberry Muni Investors PLAZIL No. 1, Inc.	Delaware
Mulberry Muni Investors PLAZIL No. 2, Inc.	Delaware
PRUCO, Inc.	New Jersey
Prudential Capital & Investment Services, LLC	Delaware
Prudential Securities Group Inc.	Delaware
Braeloch Successor Corporation	Delaware
Braeloch Holdings Inc.	Delaware
Graham Resources, Inc.	Delaware
Graham Depository Company II	Delaware
Graham Energy, Ltd.	Louisiana
Dryden Wealth Management (Hong Kong) Ltd.	Hong Kong
Dryden Finance (Hong Kong) Ltd.	Hong Kong
Prudential-Bache Financial Derivatives, Ltd.	Hong Kong
Dryden Nominees (Hong Kong) Ltd.	Hong Kong
Dryden Securities (Hong Kong) Ltd.	Hong Kong
Dryden Wealth Management (Singapore) Limited	Singapore
Dryden Wealth Management (Taiwan) Co., Ltd.	Taiwan
Prudential Securities Investing Consulting (Taiwan) Co., Ltd.	Taiwan
P-B Finance Ltd.	Cayman Islands
PB Financial Services, Inc.	Delaware
Prudential-Bache Funding Limited	UK
Prudential-Bache Overseas Funding Limited	UK
PBI Group Holdings Limited	UK
PBI Holdings Ltd.	UK
Prudential-Bache International (UK) Limited	UK

PBIB Holdings Limited	UK
Prudential-Bache International Bank Limited	UK
Dryden Bank SA	Switzerland
Prudential-Bache International Limited	UK
Circle Nominees Limited	UK
Prudential-Bache Holdings Limited	UK
Dryden Capital Management Limited	UK
PBI Management Limited	UK
Dryden Wealth Management Limited	UK
PBI Fund Managers Limited	UK
Prudential-Bache Nominees Limited	UK
Prudential-Bache Limited	UK
PBI Limited	UK
PGR Advisors, Inc.	Delaware
Prudential Securities (Japan) Limited	Delaware
Prudential Securities Credit Corp., LLC	Delaware
Prudential Equity Group, Inc.	Delaware
Bache & Co. (Lebanon) S.A.L.	Lebanon
Bache, S.A. de C.V.	Mexico
Lapine Holding Company	Delaware
Lapine Development Corporation	California
Lapine Technology Corporation	California
PFDS Holdings, LLC	Delaware
Pru Global Securities, LLC	Delaware
Prudential Financial Derivatives, LLC	Delaware
Prudential Securities CMO Issuer Inc.	Delaware
Prudential Securities Foundation	New York
Prudential Securities Futures Management Inc.	Delaware
Prudential-Bache Securities (Holland) Inc.	Delaware
Prudential-Bache Securities Agencias de Valores S.A.	Spain
Prudential Securities Municipal Derivatives, Inc.	Delaware
Prudential Securities Secured Financing Corporation	Delaware
Prudential Securities Structured Assets, Inc.	Delaware
Prudential-Bache Energy Corp.	Delaware
Prudential-Bache Energy Production Inc.	Delaware

Prudential-Bache Global Markets Inc.	Delaware
Prudential-Bache International Trust Company (Cayman)	Cayman Islands
Prudential-Bache Corporate Directors Services, Inc.	Cayman Islands
Prudential-Bache Corporate Trustee Services, Inc.	Cayman Islands
Prudential-Bache Leasing Inc.	Delaware
Prudential-Bache Program Services Inc.	New York
Prudential-Bache Properties, Inc.	Delaware
Prudential-Bache Securities (Australia) Limited	Victoria, Australia
Prubache Nominees Pty Limited	Victoria, Australia
Prudential-Bache Securities (Germany) Inc.	Delaware
Prudential-Bache Management GmbH	Germany
Prudential-Bache Metals GmbH & Co. KG	Germany
Prudential-Bache Trade Services Inc.	Delaware
Prudential-Bache Transfer Agent Services, Inc.	New York
Seaport Futures Management, Inc.	Delaware
Prudential Insurance Brokerage, Inc.	Arizona
Prudential General Agency of Ohio, Inc.	Ohio
Prudential General Insurance Agency of Florida, Inc.	Florida
Prudential General Insurance Agency of Kentucky, Inc.	Kentucky
Prudential General Insurance Agency of Massachusetts, Inc.	Massachusetts
Prudential General Insurance Agency of Mississippi, Inc.	Mississippi
Prudential General Insurance Agency of Nevada, Inc.	Nevada
Prudential General Insurance Agency of New Mexico, Inc.	New Mexico
Prudential General Insurance Agency of Wyoming, Inc.	Wyoming
Prudential Structured Settlement Company	Delaware
Prudential P&C Holdings, LLC	Delaware
Merastar Corporation	Maryland
Merastar Insurance Company	Tennessee
Prudential P&C Holdings NJ, LLC	Delaware
Prudential Property and Casualty General Agency, Inc.	Texas
Pruco Reinsurance Ltd.	Bermuda
Prudential Asset Management Holding Company	New Jersey
PIM Investments, Inc.	Delaware
PIM Foreign Investments, Inc.	Delaware
PRICOA China (Residential) Limited	Bermuda
China Homes, Ltd.	Bermuda

PIFM Holdco, Inc.	Delaware
Prudential Investments LLC	New York
Prudential Investment Management Services LLC	Delaware
Prudential Mutual Fund Services LLC	New York
PIM Global Financial Strategies, Inc.	New Jersey
PIM Warehouse, Inc.	Delaware
PMCC Holding Company	New Jersey
Prudential Mortgage Capital Company, LLC	Delaware
Prudential Agricultural Credit, Inc.	Tennessee
Prudential Asset Resources, Inc.	Delaware
Prudential Mortgage Capital Asset Holding Company, LLC	Delaware
Prudential Mortgage Capital Company I, LLC	Delaware
Prudential Mortgage Capital Company II, LLC	Delaware
Prudential Mortgage Capital Company, Inc.	Delaware
Prudential Mortgage Capital Funding, LLC	Delaware
Prudential Mortgage Capital Holdings Corporation	Delaware
Prudential Carbon Mesa, Inc.	Delaware
Prudential Multifamily Mortgage, Inc.	Delaware
Prudential Huntoon Paige Associates, Ltd.	Delaware
Prudential Multifamily Asset Holding Company I, LLC	Delaware
The Robert C. Wilson Company	Texas
WMF CommQuote, Inc.	Delaware
WMF Funding Corp.	Delaware
Prudential Investment Management, Inc.	New Jersey
CRC Series B, LP	Delaware
Capital Agricultural Property Services, Inc.	Delaware
Gateway Holdings, S. A.	Luxembourg
Prumerica Investment Management Company S.A.	Luxembourg
Prumerica Global Asset Management Company S.A.	Luxembourg
Jennison Associates LLC	Delaware
PGR Advisors I, Inc.	Delaware
GRA (Bermuda) Limited	Bermuda
GRA (Bermuda) GP Limited	Bermuda
GRA (Singapore) Pte Ltd	Singapore

Prudential-Icatu Gestao de Investimentos Imobilaros, S.A.	Brazil
PIC Holdings Limited	UK
Clivwell Securities Limited	UK
PRICOA Capital Group Limited	UK
PRICOA Capital Management Limited	UK
PRICOA General Partner II (Co-Investment) Limited	UK
PRICOA Mezzanine Investment Co.	UK
PRICOA General Partner II Limited	Scotland, UK
PRICOA Scottish General Partner II LP	Scotland, UK
PRICOA General Partner Limited	Scotland, UK
PRICOA Scottish General Partner LP	Scotland, UK
PRICOA Management Partner Limited	UK
PRICOA Property Asset Management Limited	UK
PRICOA Property PLC	UK
PRICOA Property Investment Management Limited	UK
Industrial Properties (General Partner) Limited	UK
Northern Retail Properties (General Partner) Limited	UK
PRICOA PanEuropean Investment Limited	UK
PRICOA P.I.M. (Regulated) Limited	UK
EuroInvest (General Partner) Limited	UK
Industrial Properties (General Partner) II Limited	UK
South Downs Properties (General Partner) Ltd.	UK
South Downs Trading Properties (General Partner) Ltd.	UK
TransEuropean Properties (General Partner) II Limited	UK
TransEuropean Properties (General Partner) III Limited	UK
TransEuropean Properties (General Partner) Limited	UK
PRICOA Property Private Equity Limited	UK
PREI Acquisition I, Inc.	Delaware
PREI Acquisition II, Inc.	Delaware
TMW Real Estate Group, LLC	Delaware
Prudential Asset Management Japan, Inc.	Japan
Prudential Capital Group, L.P.	Delaware

Prudential Home Building Investors, Inc.	New Jersey
Prudential Latin American Investments, Ltd	Cayman Islands
Prudential Private Placement Investors L.P.	Delaware
Prudential Private Placement Investors, Inc.	New Jersey
Prudential Trust Company	Pennsylvania
PTC Services, Inc.	New Jersey
Prudential Equity Investors, Inc.	New York
TRGOAG Company, Inc.	Delaware
The Prudential Asset Management Company, Inc.	New Jersey
Prumerica Asia Fund Management (Singapore) Limited	Singapore
Prudential Timber Investments, Inc.	New Jersey
Quantitative Management Associates LLC	New Jersey
U.S. High Yield Management Company, Inc.	New Jersey
Prudential Financial Capital Trust I	Delaware
Prudential Holdings, LLC	New Jersey
The Prudential Insurance Company of America	New Jersey
745 Property Investments	Massachusetts
ARL Holdings, Inc.	Delaware
Asian Infrastructure Mezzanine Capital Fund	Cayman Islands
Beagle Assets LLC	Delaware
Big Yellow Holdings Limited	Bermuda
CB Investment, LLC	Delaware
COLICO, INC.	Delaware
Colico II, Inc.	Delaware
Datron Inc.	Delaware
Dryden Finance II, LLC	Delaware
Dryden Finance, Inc.	Delaware
Dryden Holdings Corporation	Delaware
Flor-Ag Corporation	Florida
Gibraltar Hong Kong Holdings Limited Partnership	Hong Kong
Gibraltar Properties, Inc.	Delaware
Hochman & Baker, Inc.	Illinois
Hochman & Baker Insurance Services, Inc.	Illinois
Hochman & Baker Securities, Inc.	Illinois
Hochman & Baker Investment Advisory Services, Inc.	Illinois
Luddite Associates, GP	Delaware
Mulberry Portfolio Company, LLC	Delaware
PAMA Fund I Parallel Investment, LLC	Delaware

PGA Asian Holdings, Ltd.	Bermuda
PGA Asian Retail Limited	Bermuda
PGA European Holdings, Inc.	Delaware
PGA European Limited	Bermuda
PIC Realty Canada Limited	Canada
PIC Realty Corporation	Delaware
PPCP-I Holding Co., LLC	Delaware
PPCP-II Holding Co., LLC	Delaware
PREI International, Inc.	Delaware
Pricoa China (Warehouse) Limited	Bermuda
China Distri-Park Limited	Bermuda
PRICOA Funding Limited	UK
PRICOA Investment Company	UK
PRICOA GA Paterson Ltd.	Bermuda
Pru 101 Wood LLC	Delaware
Pru 1901 Market LLC	Delaware
PRUCO Life Insurance Company	Arizona
PRUCO Life Insurance Company of New Jersey	New Jersey
Pruco Securities, LLC	New Jersey
Prudential Direct, Inc.	Georgia
Prudential Direct Insurance Agency of Alabama, Inc.	Alabama
Prudential Direct Insurance Agency of Massachusetts, Inc.	Massachusetts
Prudential Direct Insurance Agency of New Mexico, Inc.	New Mexico
Prudential Direct Insurance Agency of Ohio, Inc.	Ohio
Prudential Direct Insurance Agency of Wyoming, Inc.	Wyoming
Prudential Financial Securities Investment Trust Enterprise	Taiwan
Prudential Funding LLC	New Jersey
Prudential Global Funding, Inc.	Delaware
Prudential Home Building Investment Advisors, L.P.	New Jersey
Prudential Realty Securities II, Inc.	Delaware
Prudential Realty Securities, Inc.	Delaware
Prudential Select Holdings, Inc.	Delaware
Prudential Select Life Insurance Company of America	Minnesota
Rerun Assets LLC	Delaware
Residential Services Corporation of America	Delaware
Residential Information Services, Inc.	Delaware
Securitized Asset Sales, Inc.	Delaware
The Prudential Home Mortgage Company, Inc.	New Jersey
PHMC Services Corporation	New Jersey
The Prudential Home Mortgage Securities Company, Ltd.	Delaware

SMP Holdings, Inc.	Delaware
Bree Investments Limited	Hong Kong
Prudential Resources Management Asia, Limited	Hong Kong
SVIIT Holdings, Inc.	Delaware
SouthStreet Software, L.L.C.	Delaware
The Prudential Assigned Settlement Services Corp	New Jersey
Washington Street Investments LLC	Delaware
Prudential IBH Holdco, Inc.	Delaware
PBT Home Equity Holdings, Inc.	Georgia
The Prudential Savings Bank, F.S.B	Federal
The Prudential Bank and Trust Company	Georgia
Prudential International Insurance Services Company, L.L.C.	Delaware
Prudential International Investments Corporation	Delaware
PGLH of Delaware, Inc.	Delaware
PKHC #1, LLC	Delaware
PKHC #2, LLC	Delaware
Prudential International Investments Services Corporation	Delaware
Prudential Investments Japan Co.	Japan
Prudential Mexico, LLC	Delaware
Prudential Apolo, Operadora de Sociedades de Inversion S.A. de C.V.	Mexico
Prudential Investment Management (Japan), Inc.	Delaware
Prumerica Financial Asia Limited	Delaware
Prumerica Asia Fund Management Limited	Hong Kong
Prumerica Asia Management Services Limited	Delaware
Prudential International Investments, LLC	New Jersey
Prudential Japan Holdings, LLC	Delaware
Kyosei Industrial Enterprise Co., Ltd.	Japan
Kyosei Leasing Co., Ltd. (Kyosei Lease Kabushiki Kaisha)	Japan
Kyoei Annuity Home Co. Ltd. (Kabushiki Kaisha Kyouei Nenkin Home)	Japan
Prudential Holdings of Japan, Inc.	Japan
The Gibraltar Life Insurance Company Ltd.	Japan
PT Wisma Kyoei Prince Indonesia	Indonesia
Prudential Real Estate Management Co., Ltd., LLC	Japan
Minami Aoyama Gardening Co., Ltd.	Japan
Sanei Premium Collecting Service Co., Ltd. (Kabushi Kaisha San-ei)	Japan
Gibraltar Agency Co., Ltd.	Japan
PG Insurance Service Co., Ltd.	Japan
Sanei Sightseeing Co., Ltd. (San-ei Kankno Kabushiiki Kaisha)	Japan
Satsuki Properties Co. Ltd. (Yugen Kaisha Satsuki Properties)	Japan
Prudential Management Canade Ltd.	Ontario
Skandia U.S. Inc.	Delaware
American Skandia, Inc.	Delaware

American Skandia Advisory Services, Inc.	Delaware
American Skandia Fund Services, Inc.	Delaware
American Skandia Information Services and Technology Corporation	Delaware
American Skandia Investment Services Incorporated	Connecticut
American Skandia Life Assurance Corporation	Connecticut
American Skandia Marketing, Incorporated	Delaware
The PSI Programs LLC	Delaware
The Prudential Real Estate Affiliates, Inc.	Delaware
Corporate America Realty, Inc.	New Jersey
PRICOA Relocation Holdings Limited	UK
Pricoa Relocation Management Limited	UK
Karen Deane Relocation Limited	UK
Prudential Community Interaction Consulting, Inc.	Delaware
Prudential Homes Corporation	New York, US
Prumerica ARM (Singapore) Pte. Ltd.	Singapore
Prumerica Homefront Limited	Hong Kong
Prudential Real Estate Affiliates of Canada Ltd.	Ontario, Canada
Prudential Referral Services, Inc.	Delaware
Prudential Relocation, Inc.	Colorado
Prudential Relocation of Texas, Inc.	Texas
Corporate Relocation France SAS	Paris, France
Prudential Relocation, S. de R.L. de C.V.	Mexico
Prudential Residential Services, Limited Partnership	Delaware
Prudential Relocation Canada, Ltd.	Canada Federal, Canada
Prudential Relocation, Ltd.	Ontario
Prumerica International Real Estate and Relocation Services, Limited	Bermuda
The Relocation Freight Corporation of America	California
The Prudential Real Estate Financial Services of America, Inc.	California
Prudential Texas Residential Services Corporation	Texas
Prudential International Insurance Holdings, Ltd.	Delaware
Prudential Life Insurance Company of Taiwan Inc.	Taiwan
Prudential Seguros, S.A.	Argentina
Prumerica Life S.p.A	Italy
Prumerica Marketing S.r.l.	Italy
Prumerica Systems Ireland Limited	Ireland
Prumerica Towarzystwo Ubezpieczen na Zycie Spolka Akcyjna	Poland
PruServicos Participacoes, S.A.	Brazil

Gibraltar Corretora de Seguras Ltda.	Brazil
The Prudential Life Insurance Company of Korea, Ltd.	Korea
The Prudential Life Insurance Company, Ltd.	Japan
The Prumerica Life Insurance Company, Inc.	Philippines
POK Securitization Specialty Company, Ltd.	Korea
Vantage Casualty Insurance Company	Indiana