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                                                                      EXHIBIT 21


                         SUBSIDIARIES OF H&R BLOCK, INC.

         The following is a list of the direct and indirect subsidiaries of H&R
Block, Inc., a Missouri corporation. All active subsidiaries do business under
their corporate names listed below or close derivatives thereof:

                                                            JURISDICTION IN
                  NAME                                      WHICH ORGANIZED
                  ----                                      ---------------

1)  Block Investment Corporation............................Delaware (1)
2)  H&R Block Group, Inc....................................Delaware (1)
3)  HRB Management, Inc.....................................Missouri (2)
4)  H&R Block Tax and Financial Services Limited............United Kingdom (3)
5)  Companion Insurance, Ltd................................Bermuda (3)
6)  H&R Block Services, Inc.................................Missouri (2)
7)  H&R Block Tax Services, Inc.............................Missouri (4)
8)  H&R Block of Dallas, Inc................................Texas (5)
9)  HRB Partners, Inc.......................................Delaware (6)
10) HRB Texas Enterprises, Inc..............................Missouri (5)
11) H&R Block and Associates, L.P...........................Delaware (7)
12) BWA Advertising, Inc....................................Missouri (5)
13) H&R Block (Guam), Inc...................................Guam (5)
14) H&R Block Enterprises (Guam), Inc.......................Guam (8)
15) H&R Block Canada, Inc...................................Canada (5)
16) H&R Block (Nova Scotia), Incorporated...................Nova Scotia (9)
17) Cashplan Systems, Inc...................................British Columbia(9)
18) H&R Block Enterprises, Inc..............................Missouri (5)
19) H&R Block Tax Company, LLC..............................Missouri (10)
20) H&R Block Support Services, LLC.........................Missouri (10)
21) H&R Block Eastern Tax Services, Inc.....................Missouri (4)
22) H&R Block Eastern Enterprises, Inc......................Missouri (11)
23) H&R Block Eastern Tax Company, LLC......................Missouri (12)
24) H&R Block Eastern Support Services, LLC.................Missouri (12)
25) HRB Royalty, Inc........................................Delaware (4)
26) H&R Block Limited.......................................New South Wales (13)
27) H&R Block Acquisition, Inc..............................Missouri (4)
28) Block Financial Corporation.............................Delaware (2)
29) Option One Mortgage Corporation.........................California (14)
30) Option One Mortgage Acceptance Corporation..............Delaware (15)
31) Option One Mortgage Securities Corp.....................Delaware (15)
32) Premier Trust Deed Services, Inc........................California (15)
33) Premier Mortgage Services of Washington, Inc............Washington (15)
34) H&R Block Mortgage Corporation..........................Ontario (15)
35) H&R Block Mortgage Corporation..........................Massachusetts (15)
36) Option One Direct Insurance Agency, Inc.................California (15)
37) Block Mortgage Finance, Inc.............................Delaware (15)
38) Option One Loan Warehouse Corporation...................Delaware (15)
39) Companion Mortgage Corporation..........................Delaware (14)



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40) Franchise Partner, Inc..................................Nevada (14)
41) H&R Block Investments, Inc..............................Delaware (14)
42) H&R Block Insurance Services, Inc.......................Delaware (14)
43) NCS Mortgage Services, L.L.C............................Georgia (16)
44) National Consumer Services Corp. II, L.L.C..............Georgia (16)
45) OLDE Financial Corporation..............................Michigan (14)
46) H&R Block Financial Advisors, Inc.......................Michigan (17)
47) OLDE Discount of Canada.................................Canada (18)
48) C.U. Brokerage Services, Inc............................Michigan (17)
49) OLDE Asset Management, Inc..............................Michigan (17)
50) OLDE Clearing Corporation...............................Delaware (17)
51) Smart Travel, Inc.......................................Michigan (17)
52) Realty Acquisitions, Inc................................Michigan (17)
53) OLDE Property Corporation...............................Michigan (17)
54) OLDE Realty Corporation.................................Michigan (17)
55) 420 South Garden, Inc...................................Florida (19)
56) 44 East Central.........................................Florida (19)
57) 4240 Hunt Road, Inc.....................................Ohio (19)
58) 3340 Gallows Road, Inc..................................Michigan (19)
59) 450 Silver Spur, Inc....................................Michigan (19)
60) 4230 West Green Oaks, Inc...............................Michigan (19)
61) 3414 Shawnee Mission, Inc...............................Michigan (19)
62) OLDE Equipment Corporation..............................Michigan (17)
63) H&R Block Financial Corporation.........................Michigan (17)
64) American Brokerage Services, Inc........................Vermont (17)
65) Financial Marketing Services, Inc.......................Michigan (14)
66) 2430472 Nova Scotia Co..................................Nova Scotia (20)
67) Sumner Canadian Direct Holdings Company.................Canada (20)
68) North American Printing Co..............................Canada (21)
69) HRB Business Services, Inc..............................Delaware (2)
70) RSM McGladrey, Inc......................................Delaware (22)
71) Toback, Inc.............................................Arizona (23)
72) McGladrey Contract Business Services, L.L.C.............Minnesota (24)
73) Birchtree Financial Services, Inc.......................Oklahoma (23)
74) Birchtree Insurance Agency, Inc.........................Missouri (25)
75) FERS Business Services, Inc.............................Delaware (23)
76) Pension Resources, Inc..................................Illinois (26)
77) Freed Maxick ABL Services, Inc..........................Delaware (23)
78) DMJK Business Services, Inc.............................Missouri (22)
79) Practice Development Institute, Inc. ...................Delaware (22)
80) FERS Personal Financial Services, Inc...................Delaware (22)
81) FM Business Services, Inc...............................Delaware (22)
82) WS Business Services, Inc...............................Delaware (22)
83) Rex Investments, Inc....................................Texas (27)
84) WSB-NEV, L.L.C..........................................Nevada (28)
85) W-1 Holdings, L.L.C.....................................Texas (28)
86) Wallace Sanders Business Consulting, L.P................Texas (29)
87) C.W. Amos Business Services, Inc. ......................Delaware (22)
88) C.W. Amos Investment Advisors, L.L.C....................Maryland (30)
89) RP Business Services, Inc...............................Delaware (22)


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90) HRB Retail Services, Inc................................Delaware (2)

Notes to Subsidiaries of H&R Block, Inc.:

(1)  Wholly owned subsidiary of H&R Block, Inc.
(2)  Wholly owned subsidiary of H&R Block Group, Inc.
(3)  Wholly owned subsidiary of HRB Management, Inc.
(4)  Wholly owned subsidiary of H&R Block Services, Inc.
(5)  Wholly owned subsidiary of H&R Block Tax Services, Inc.
(6)  Wholly owned subsidiary of H&R Block of Dallas, Inc.
(7)  Limited partnership in which H&R Block Texas Enterprises, Inc. is a 1%
     general partner and HRB Partners, Inc. is a 99% limited partner
(8)  Wholly owned subsidiary of H&R Block (Guam), Inc.
(9)  Wholly owned subsidiary of H&R Block Canada, Inc.
(10) Limited liability company in which H&R Block Tax Services, Inc. has a 100%
     membership interest
(11) Wholly owned subsidiary of H&R Block Eastern Tax Services, Inc.
(12) Limited liability company in which H&R Block Eastern Tax Services, Inc.
     has a 100% membership interest
(13) Wholly owned subsidiary of HRB Royalty, Inc.
(14) Wholly owned subsidiary of Block Financial Corporation
(15) Wholly owned subsidiary of Option One Mortgage Corporation
(16) Limited liability company in which Block Financial Corporation has a
     96.25% membership  interest and Companion Mortgage Corporation has a 3.75%
     membership interest
(17) Wholly owned subsidiary of OLDE Financial Corporation
(18) Wholly owned subsidiary of H&R Block Financial Advisors, Inc.
(19) Wholly owned subsidiary of OLDE Realty Corporation
(20) Wholly owned subsidiary of Financial Marketing Services, Inc.
(21) Company in which Sumner Canadian Direct Holdings Company owns 140,000
     shares and Financial Marketing Services, Inc. owns 4,200 shares
(22) Wholly owned subsidiary of HRB Business Services, Inc.
(23) Wholly owned subsidiary of RSM McGladrey, Inc.
(24) Limited liability company in which RSM McGladrey, Inc. has a 100%
     membership interest
(25) Wholly owned subsidiary of Birchtree Financial Services, Inc.
(26) Wholly owned subsidiary of FERS Business Services, Inc.
(27) Wholly owned subsidiary of WS Business Services, Inc.
(28) Limited liability company in which WS Business Services, Inc. has a 100%
     membership interest
(29) Limited  partnership in which W-1 Holdings, L.L.C. has a 1% general
     partnership  interest and WSB-NEV,  L.L.C. has a 99% limited partnership
     interest
(30) Limited liability company in which C.W. Amos Business Services, Inc. has a
     100% membership interest



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