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Exhibit 21

Significant Subsidiaries
As of and for the Fiscal Year ending December 31, 2004

Level 3 Communications, Inc.
	Level 3 Financing, Inc.
		Eldorado Marketing, Inc.
			Software Spectrum, Inc
		Level 3 Communications, LLC
		BTE Equipment, LLC
		Level 3 International, Inc.
			Level 3 Holdings, B.V.
				Level 3 Communications Limited (UK)
				Level 3 Communications GmbH (Germany)
		Level 3 Holdings, Inc.
			KCP, Inc.

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Exhibit 21