Exhibit 21.1

MAXXAM INC.

PRINCIPAL SUBSIDIARIES OF THE REGISTRANT

Listed below are MAXXAM Inc’s principal subsidiaries and the jurisdiction of their incorporation or organization, organized by business segment. Certain subsidiaries are omitted which, considered in the aggregate as a single subsidiary, would not constitute a significant subsidiary.

FOREST PRODUCTS OPERATIONS:
Britt Lumber Co., Inc.	California
MAXXAM Group, Inc.	Delaware
Salmon Creek LLC	Delaware
Scotia Pacific Company LLC	Delaware
The Pacific Lumber Company	Delaware
REAL ESTATE OPERATIONS:
FireRock LLC	Delaware
Lakepointe Assets LLC	Delaware
MAXXAM Property Company	Delaware
MCO Properties LP	Delaware
MCO Properties, Inc.	Delaware
Palmas Country Club, Inc.	Delaware
Palmas del Mar Properties, Inc.	Delaware
RACE PARK OPERATIONS:
Sam Houston Race Park, Ltd.	Texas
OTHER:
MAXXAM Group Holdings, Inc.	Delaware