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ADOBE SYSTEMS INCORPORATED
EXHIBIT 21
SUBSIDIARIES OF THE REGISTRANT

Subsidiary Legal Name		Jurisdiction of Incorporation/Formation
The Americas:
	Adobe Incentive Partners, L.P.	California
	Adobe International, Inc.	Delaware
	Adobe Systems Brasil Limitada	Brazil
	Adobe Systems FSC, Inc.	Territory of Guam
	Adobe Systems International Limited Partnership	Cayman Islands
	Glassbook, Inc.	Delaware
Europe:
	Adobe Systems Benelux BV	The Netherlands
	Adobe Systems Danmark ApS	Denmark
	Adobe Systems Direct Ltd.	United Kingdom
	Adobe Systems Engineering GmbH	Federal Republic of Germany
	Adobe Systems Europe Ltd.	United Kingdom
	Adobe Systems France EURL	France
	Adobe Systems GmbH	Federal Republic of Germany
	Adobe Systems (Schweiz) GmbH	Federal Republic of Switzerland
	Adobe Systems Italia SRL	Italy
	Adobe Systems Iberica SL	Spain
	Adobe Systems Nordic AB	Sweden
	Adobe Systems Norge AS	Norway
	Frame Technology International Limited	Ireland
Asia:
	Adobe Systems Company Ltd.	Japan
	Adobe Systems India Pvt. Ltd.	India
	Adobe Systems Korea Ltd.	Korea
	Adobe Systems Pte, Ltd.	Singapore
	Adobe Systems Pty. Ltd.	Australia

    All subsidiaries of the registrant are wholly owned, directly or indirectly by Adobe, and do business under their legal names (although Adobe Systems Benelux BV also does business as Adobe Direct).

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ADOBE SYSTEMS INCORPORATED EXHIBIT 21 SUBSIDIARIES OF THE REGISTRANT