Exhibit 21

THE McGRAW-HILL COMPANIES, INC.

Subsidiaries of Registrant

Listed below are all the subsidiaries of Registrant, except certain inactive subsidiaries and certain other McGraw-Hill’s subsidiaries which are not included in the listing because considered in the aggregate they do not constitute a significant subsidiary as of the end of the year covered by this Report.

		State or	Percentage
		Jurisdiction	of Voting
		of	Securities
		Incorporation	Owned
The McGraw-Hill Companies, Inc.		New York	Registrant
BizNet.TV, Inc.		New York		50
	*BizNet, LLC	Delaware		80
CTB/McGraw-Hill LLC		Delaware		100
International Advertising/McGraw-Hill, Inc.		Delaware		100
Landoll, Inc.1		Ohio		100
McGraw-Hill Broadcasting Company, Inc.		New York		100
McGraw-Hill Capital, Inc.		New York		100
	*International Valuation Services, Inc.	Delaware		40
McGraw-Hill Interamericana, Inc.		New York		100
McGraw-Hill International Enterprises, Inc.		New York		100
	*McGraw-Hill Interamericana do Brasil Ltda.	Brazil		100
	*McGraw-Hill Korea, Inc.	Korea		100
	*McGraw-Hill (Malaysia) Sdn.Bhd	Malaysia		100
McGraw-Hill News Bureaus, Inc.		New York		100
McGraw-Hill New York, Inc.		New York		100
McGraw-Hill Publications Overseas Corporation		New York		100
McGraw-Hill Real Estate, Inc.		New York		100
McGraw-Hill Ventures, Inc.		Delaware		100
Money Market Directories, Inc.		New York		100
Standard & Poor’s Europe, Inc.		Delaware		100
Standard & Poor’s International, LLC		Delaware		100
	*Credit Rating Information Services of India Limited	India		9.6
	*Taiwan Ratings Corporation	Taiwan		50
Standard & Poor’s International Services, Inc.		Delaware		100
Standard & Poor’s Investment Advisory Services LLC		Delaware		100
Standard & Poor’s, LLC		Delaware		100
Standard & Poor’s Securities Evaluations, Inc.		New York		100
	*J.J. Kenny Drake, Inc.	New York		100
	*Kenny Services, Inc.	New York		100
Standard & Poor’s Securities, Inc.		Delaware		100
Sunshine International, Inc.		Delaware		100

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Exhibit 21

		State or	Percentage
		Jurisdiction	of Voting
		of	Securities
		Incorporation	Owned
Beijing Business E-win Information & Consultant Co.		China		50
Colinalibros, S.A.		Argentina		100
Editora McGraw-Hill de Portugal, Ltda.		Portugal		100
Editorial Interamericana, S.A.		Colombia		100
Lands End Publishing		New Zealand		100
McGraw-Hill Australia Pty Limited		Australia		100
	*McGraw-Hill Book Company New Zealand Limited	New Zealand		100
	*Mimosa Publications Pty Ltd.	Australia		100
	*Carringbush Publications Pty Ltd.	Australia		100
	*Dragon Media International Pty Ltd.	Australia		100
	*Platypus Media Pty Ltd.	Australia		100
	*Yarra Pty Ltd.	Australia		100
	*Standard & Poor’s (Australia) Pty Ltd.	Australia		100
	*Standard & Poor’s Information Services (Australia) Pty Ltd.	Australia		100
McGraw-Hill Data Services - Ireland, Ltd.		Ireland		100
McGraw-Hill Holdings Europe, Ltd.		United Kingdom		100
	*McGraw-Hill Finance Europe Limited	United Kingdom		100
	* McGraw-Hill Iberia, Inc	Delaware		100
	*McGraw-Hill International (U.K) Limited	United Kingdom		100
	*Open International Publishing Limited	United Kingdom		100
*Standard & Poor’s AB		Sweden		100
	*Standard & Poor’s EA Ratings	Russia		70
	*The McGraw-Hill Companies GmbH	Germany		100
	*The McGraw-Hill Companies, SA	France		100
	*The McGraw-Hill Companies, SRL	Italy		100
	*The McGraw-Hill Companies Limited	United Kingdom		100
	*Standard & Poor’s Fund Services Asia Limited	Hong Kong		100
	*Standard & Poor’s Fund Services, GmbH	Germany		100
	*Standard & Poor’s Fund Services, SaRL	France		100
	*Standard & Poor’s Fund Services, Inc.	Massachusetts		100
	*The McGraw-Hill Companies Switzerland GmbH	Switzerland		100
	*Xebec Multi Media Solutions Limited	United Kingdom		100
McGraw-Hill Information Systems Company of Canada Limited		Ontario, Canada		100
McGraw-Hill/Interamericana de Chile Limitada		Chile		100
McGraw-Hill/Interamericana de Espana, S.A.		Spain		100
	*Standard & Poor’s Espana, S.A.	Spain		100
McGraw-Hill/Interamericana de Venezuela S.A.		Venezuela		100
McGraw-Hill/Interamericana Editores, S.A. de C.V. Mexico				100
	*Grupo McGraw-Hill, S.A. de C.V.	Mexico		100
McGraw-Hill/Interamericana, S.A.		Panama		100
McGraw-Hill Ryerson Limited		Ontario, Canada		70
MHFSCO, Ltd.		U.S. Virgin Islands		100
Shortland Publications		New Zealand		100
Standard & Poor’s, S.A. de C.V.		Mexico		100
Tata McGraw-Hill Publishing Company Private Limited		India		66.25
The McGraw-Hill Companies (Canada) Corp.		Nova Scotia, Canada		100

*Subsidiary of a subsidiary.

¹ Sold in January 2004 as part of the Landoll, Frank Schaffer and relate juvenile retail publishing businesses disposition.

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