EXHIBIT 21

                         SUBSIDIARIES OF THE REGISTRANT

         NIKE, Inc. has 38 wholly-owned subsidiaries, 7 of which operate in the
United States, and 31 of which operate in foreign countries. All of the
subsidiaries, except for NIKE IHM, Inc., Triax Insurance, Inc., and NIKE Suzhou
Sports Co. Ltd. carry on the same line of business, namely the design,
marketing, distribution and sale of athletic and leisure footwear, apparel,
accessories, and equipment. NIKE IHM, Inc., a Missouri corporation, manufactures
plastics and Air-Sole shoe cushioning components. Triax Insurance, Inc., a
Hawaii corporation, is a captive insurance company that insures the Company for
certain risks. NIKE Suzhou Sports Co. Ltd., a Chinese corporation, manufactures
footwear in the People's Republic of China.