Exhibit 21.1

Company Name	State/Country of Incorporation
Fender Musical Instruments Corporation	DE
•   Fender Asia Pacific Corp.	DE
•   Fender International Corporation	DE
•   Fender (EDC) B.V.	The Netherlands
•   Fender Musical Instruments France	France
•   Fender Iberica S. L.	Spain
•   Fender Musical Instruments Europe Limited	United Kingdom
•   Fender Musical Instruments GmbH	Germany
•   Fender Scandinavia A.B.	Sweden
•   Instrumentos Musicales Fender, S.A. de C.V. (99.9% FMIC, .01% FIC)	Mexico
•   Jackson/Charvel Manufacturing, Inc.	DE
•   K. K. Fender Promotion (50% FMIC)	Japan
•   ROKR Ventures, Inc.	DE
•   KMC Music, Inc. dba KMC Musicorp.	CT
•   KMI Europe, Inc.	DE
•   B & Music Ltd.	Canada
•   Takamine Gakki Co., Ltd. (12% KMC Music, Inc.)	Japan