Exhibit 21.1

			Jurisdiction of
Subsidiaries			Incorporation
Marketware International, Inc.				Delaware, U.S.
National Investor Services Corp.				Delaware, U.S.
TD Waterhouse Advertising, Inc.				New York, U.S
TD Waterhouse Asset Management, Inc.				Delaware, U.S.
TD Waterhouse European Acquisition Corporation				Delaware, U.S.
	TD Waterhouse Holdings Europe B.V			Netherlands
		The Bank of TDW and BGL		Luxembourg
TD Waterhouse Holdings (Australia) Pty Ltd				Australia
	TD Waterhouse Investor Services Limited			Australia
		TD Waterhouse Nominees Pty Ltd		Australia
		TD Waterhouse Pty Ltd		Australia
		Pont Nominees Pty Ltd		Australia
		Pont Securities Nominees No.2 Pty Ltd		Australia
		Green Line Nominees Pty Ltd		Australia
TD Waterhouse Investor Services (Canada) Inc.				Ontario, Canada
TD Waterhouse Investor Services (Hong Kong) Inc.				Ontario, Canada
TD Waterhouse Investor Services (Hong Kong) Limited				Hong Kong
TD Waterhouse Investor Services, Inc.				New York, U.S.
TD Waterhouse Investor Services (UK) Limited				England
	TD Waterhouse Investor Services (Europe) Limited			England
		Share Exchange Limited		England
		Sharemarket Limited		England
		TD Waterhouse Nominees (Europe) Limited		England
		Dealwise Limited		England
	YorkSHARE Limited			England
		YorkSHARE Nominees Limited		England
TD Waterhouse Pacific Ltd.				Mauritius
		Tata TD Waterhouse Securities Limited		India
TD Waterhouse Securities Services (Hong Kong) Limited				Hong Kong
TD Waterhouse Sub Limited				Ontario
Tokyo-Mitsubishi TD Waterhouse Securities Co., Ltd.				Japan