EXHIBIT 21.1

                         SUBSIDIARIES OF THE REGISTRANT

The following list identifies only Registrant's significant subsidiaries as
defined in Rule 1-02(w) of Regulation S-X.



                                           Jurisdiction            Year
Name                                       of Incorporation        Organized
-----------------------------              ----------------        ---------
                                                             
Altera International, Inc.                 Cayman Islands          1997

Altera International Limited               Hong Kong               1997