Exhibit 21.1

Subsidiaries of Prudential Financial, Inc.

Subsidiary	Jurisdiction of Incorporation
Prudential Financial, Inc.	New Jersey
Mulberry Investors DA No. 1, Inc.	Delaware
Mulberry Investors GLTC No. 1, Inc.	Delaware
Mulberry Investors GLTC No. 2, Inc.	Delaware
Mulberry Investors ILLT No. 1, Inc.	Delaware
Mulberry Investors ILST No. 1, Inc.	Delaware
Mulberry Investors PA No. 1, Inc.	Delaware
Mulberry Investors PLAZIL No. 1, Inc.	Delaware
Mulberry Invetors PLAZIL No. 2, Inc.	Delaware
PRUCO, Inc.	New Jersey
Prudential Capital & Investment Services, LLC	Delaware
Prudential Securities Group Inc.	Delaware
Braeloch Successor Corporation	Delaware
Braeloch Holdings Inc.	Delaware
Graham Resources, Inc.	Delaware
Graham Depository Company II	Delaware
Graham Energy, Ltd.	Louisiana
Graham Exploration, Ltd.	Louisiana
Graham Royalty, Ltd.	Louisiana
Bache (Hong Kong) Holdings Ltd.	Hong Kong
Bache Financial Derivatives, Ltd.	Hong Kong
Dryden Finance (Hong Kong) Ltd.	Hong Kong
Dryden Nominees (Hong Kong) Ltd.	Hong Kong
Lapine Holding Company	Delaware
Lapine Development Corporation	California
Lapine Technology Corporation	California
P-B Finance Ltd.	Cayman Islands
PB Financial Services, Inc.	Delaware
Bache Overseas Funding Limited	UK
PBI Group Holdings Limited	UK

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Subsidiary	Jurisdiction of Incorporation
PBI Holdings Ltd.	UK
PBI (UK) Limited	UK
Bache Financial Limited	UK
Circle Nominees Limited	UK
Dryden Holdings Limited	UK
PBI Management Limited	UK
Dryden Financial Limited	UK
PBIB Limited	UK
Prudential-Bache Limited	UK
PBI Limited	UK
PFDS Holdings, LLC	Delaware
Pru Global Securities, LLC	Delaware
Prudential Financial Derivatives, LLC	Delaware
PGR Advisors, Inc.	Delaware
Prudential Equity Group, LLC.	Delaware
Bache Equities Limited	Wales, UK
Bache, S.A. de C.V.	Mexico
Prudential Securities CMO Issuer Inc.	Delaware
Prudential Securities Foundation	New York
Prudential-Bache Securities Agencias de Valores S.A.	Spain
Prudential Securities (Japan) Limited	Delaware
Prudential Securities Credit Corp., LLC	Delaware
TGH Records, LLC	Delaware
Prudential Securities Municipal Derivatives, Inc.	Delaware
Prudential Securities Secured Financing Corporation	Delaware
Prudential Securities Structured Assets, Inc.	Delaware
Prudential-Bache Leasing Inc.	Delaware
Prudential-Bache Program Services Inc.	New York
Prudential-Bache Properties, Inc.	Delaware
Prudential-Bache Securities (Australia) Limited	Victoria, Australia
Prubache Nominees Pty Limited	Victoria, Australia
Prudential-Bache Securities (Germany) Inc.	Delaware
Prudential-Bache Trade Services Inc.	Delaware
Prudential-Bache Transfer Agent Services, Inc.	New York

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Subsidiary	Jurisdiction of Incorporation
Prudential P&C Holdings, LLC	Delaware
Prudential P&C Holdings NJ, LLC	Delaware
Prudential Property and Casualty General Agency, Inc.	Texas
Pruco Reinsurance Ltd.	Bermuda
Prudential Annuities Holding Company, Inc.	Delaware
American Skandia, Inc.	Delaware
American Skandia Advisory Services, Inc.	Delaware
American Skandia Fund Services, Inc.	Delaware
American Skandia Information Services and Technology Corporation	Delaware
American Skandia Investment Services Incorporated	Connecticut
American Skandia Life Assurance Corporation	Connecticut
American Skandia Marketing, Incorporated	Delaware
Prudential Asset Management Holding Company LLC	New Jersey
PIFM Holdco, Inc.	Delaware
Prudential Investment Management Services LLC	Delaware
Prudential Investments LLC	New York
Prudential Mutual Fund Services LLC	New York
PIM Global Financial Strategies, Inc.	New Jersey
PIM Investments, Inc.	Delaware
PIM Foreign Investments, Inc.	Delaware
PGA Asian Retail Limited	Bermuda
PIM UK Investments Limited	UK
Big Yellow Holdings Limited	Bermuda
PGA European Limited	Bermuda
PREI International, Inc.	Delaware
PRICOA China (Residential) Limited	Bermuda
China Homes, Ltd.	Bermuda
PIM Warehouse, Inc.	Delaware
PIM Global Investments Limited	UK
PMCC Holding Company	New Jersey
Prudential Mortgage Capital Company, LLC	Delaware
Capital Agricultural Property Services, Inc.	Delaware
PMCF Properties LLC	Delaware
Prudential Agricultural Credit, Inc.	Tennessee

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Subsidiary	Jurisdiction of Incorporation
Prudential Asset Resources, Inc.	Delaware
Prudential Mortgage Capital Asset Holding Company, LLC	Delaware
Prudential Mortgage Capital Company I, LLC	Delaware
Prudential Mortgage Capital Company II, LLC	Delaware
Prudential Mortgage Capital Funding, LLC	Delaware
PMCF Holdings, LLC	Delaware
Prudential Mortgage Capital Holdings Corporation	Delaware
Prudential Affordable Mortgage Company	Delaware
Prudential Multifamily Mortgage, Inc.	Delaware
Prudential Huntoon Paige Associates, Ltd.	Delaware
The Robert C. Wilson Company	Texas
WMF CommQuote, Inc.	Delaware
Prudential Investment Management, Inc.	New Jersey
CRC Series B, LP	Delaware
GRA (Bermuda) GP Limited	Bermuda
Jennison Associates LLC	Delaware
Jennison Capital Advisers LLC	Delaware
Mulberry Street Holdings, LLC	Delaware
Prudential Capital Partners Management Fund II, L.P.	Delaware
Stetson Street Partners, L.P.	Delaware
PGR Advisors I, Inc.	Delaware
GRA (Bermuda) Limited	Bermuda
Pramerica Real Estate Investors (Asia) Pte. Ltd.	Singapore
Prudential Real Estate Investors Investimentos Imobiliarios Ltda.	Brazil
Prudential Real Estate Investors, S. de R.L. de C.V.	Mexico
PIC Holdings Limited	UK
PRICOA Capital Group Limited	UK
PRICOA Capital Management Limited	UK
PRICOA General Partner II (Co-Investment) Limited	UK
PRICOA General Partner II Limited	Scotland, UK
PRICOA Scottish General Partner II LP	Scotland, UK
PRICOA General Partner Limited	Scotland, UK
PRICOA Scottish General Partner LP	Scotland, UK
PRICOA Management Partner Limited	UK

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Subsidiary	Jurisdiction of Incorporation
Pramerica (GP) Limited	UK
Pramerica (GP2) Limited	UK
Pramerica Real Estate Investors Limited	UK
Pramerica Financial Limited	UK
Pramerica Regulated Business Limited	UK
PREI Acquisition I, Inc.	Delaware
PREI Acquisition II, Inc.	Delaware
Pramerica Real Estate Investors (Deutschland) GmBH	Germany
TMW Real Estate Group, LLC	Delaware
Pramerica Asset Management, Inc.	New Jersey
Pramerica Fixed Income (Asia) Limited	Singapore
Prudential Relative Value Fund I, L.P.	Delaware
Pru Alpha Partners I, LLC	Delaware
Prudential Capital Group, L.P.	Delaware
Prudential Equity Investors, Inc.	New York
Prudential Home Building Investors, Inc.	New Jersey
Prudential Latin American Investments, Ltd.	Cayman Islands
Prudential Private Placement Investors L.P.	Delaware
Prudential Private Placement Investors, Inc.	New Jersey
Prudential Trust Company	Pennsylvania
PTC Services, Inc.	New Jersey
Quantitative Management Associates LLC	New Jersey
TMW Pramerica Real Estate Investors Luxembourg S.A.	Luxembourg
TMW Weltfonds Canada 1 (GP) Inc.	Canada
TRGOAG Company, Inc.	Delaware
Prudential Holdings, LLC	New Jersey
The Prudential Insurance Company of America	New Jersey
745 Property Investments	Massachusetts
ARL Holdings, Inc.	Delaware
Asian Infrastructure Mezzanine Capital Fund	Cayman Islands
Beagle Assets LLC	Delaware
COLICO, INC.	Delaware
Colico II, Inc.	Delaware
Commerce Street Investments LLC	Delaware

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Subsidiary	Jurisdiction of Incorporation
Datron Inc.	Delaware
Dryden Finance II, LLC	Delaware
Dryden Finance, Inc.	Delaware
Dryden Holdings Corporation	Delaware
Flor-Ag Corporation	Florida
Gateway South Urban Renewal Association	New Jersey
Gibraltar Hong Kong Holdings Limited Partnership	Hong Kong
Gibraltar Properties, Inc.	Delaware
Halsey Street Investments LLC	Delaware
PAMA Fund I Parallel Investment, LLC	Delaware
PGA Asian Holdings, Ltd.	Bermuda
PIC Realty Corporation	Delaware
Luddite Associates, GP	Massachusetts
Perseverance Associates, LP	California
PPCP-I Holding Co., LLC	Delaware
PPCP-II Holding Co., LLC	Delaware
PRICOA Apex Holdings LLC	Delaware
PRICOA China (Warehouse) Limited	Bermuda
PRICOA Green Cape Company Pty Ltd.	Australia
PRICOA Red Rocks Company Pty Ltd.	Australia
PRICOA White Cliffs Holding Co Pty Ltd.	Australia
PRICOA White Cliffs Company Pty Ltd.	Australia
PRU 3XSquare, LLC	Delaware
Pru 101 Wood LLC	Delaware
PRUCO Life Insurance Company	Arizona
PRUCO Life Insurance Company of New Jersey	New Jersey
Pruco Securities, LLC	New Jersey
Prudential Arizona Reinsurance Captive Company	Arizona
Prudential Asset Holdings - Mexico, S. de R.L.de C.V.	Mexico
Prudential Assets LLC	Delaware
Prudential Financial Securities Investment Trust Enterprise	Taiwan
Prudential Funding, LLC	New Jersey
Prudential Global Funding, LLC	Delaware
Prudential Home Building Investment Advisors, L.P.	New Jersey

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Subsidiary	Jurisdiction of Incorporation
Prudential Industrial Properties, LLC	Delaware
Pridemtial Insurance Agency, LLC	New Jersey
Prudential Direct Insurance Agency of Massachusetts, Inc.	Massachusetts
Prudential Realty Securities II, Inc.	Delaware
Prudential Realty Securities, Inc.	Delaware
Prudential 900 Aviation Boulevard, LLC	Delaware
Prudential Retirement Insurance and Annuity Company	Connecticut
Prudential Structured Settlement Company	Delaware
Rerun Assets LLC	Delaware
Residential Services Corporation of America	Delaware
Asset Disposition Trust, 1995-2	New Jersey
Residential Information Services, Inc.	Delaware
Securitized Asset Sales, Inc.	Delaware
The Prudential Home Mortgage Company, Inc.	New Jersey
PHMC Services Corporation	New Jersey
The Prudential Home Mortgage Securities Company, Ltd.	Delaware
SMP Holdings, Inc.	Delaware
Bree Investments Limited	Hong Kong
Prudential Resources Management Asia, Limited	Hong Kong
SVIIT Holdings, Inc.	Delaware
SouthStreet Software, L.L.C.	Delaware
The Prudential Assigned Settlement Services Corp.	New Jersey
The Prudential Brazilian Capital Fund LP	Cayman Island
Universal Prudential Arizona Reinsurance Company	Arizona
Washington Street Investments LLC	Delaware
Prudential IBH Holdco, Inc.	Delaware
PBT Home Equity Holdings, Inc.	Georgia
Prudential Bank & Trust, FSB	Connecticut
Prudential International Insurance Holdings, Ltd.	Delaware
Pramerica Life S.P.A	Italy
Prumerica Marketing S.r.l.	Italy
Pramerica Systems Ireland Limited	Ireland
Pramerica Zycie Towarzystwo Ubezpieczen I Reasekuracji Spolka Akcyjna	Poland
Prudential Life Insurance Company of Taiwan Inc.	Taiwan

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Subsidiary	Jurisdiction of Incorporation
Prudential Seguros, S.A.	Argentina
PruServicos Participacoes, S.A.	Brazil
Dedicar Corretora de Suguros de Vida Ltda.	Brazil
Gibraltar Corretora de Seguras Ltda.	Brazil
Prudential do Brasil Seguros de Vida S.A.	Brazil
Prusub Participacoes Ltda.	Brazil
The Pramerica Life Insurance Company, Inc.	Philippines
The Prudential Life Insurance Company of Korea, Ltd.	Korea
The Gibraltar Marketing Company of Korea	Korea
The Prudential Life Insurance Company, Ltd.	Japan
Prudential International Insurance Services Company, L.L.C.	Delaware
Rockstone Co., Ltd.	Japan
Prudential International Investments Corporation	Delaware
PGLH of Delaware, Inc.	Delaware
PMA:Finanz-ud Versicherungsmkler GmbH	Germany
pma Software + Systeme GmbH	Germany
Prudential Financial of Korea, Inc.	Delaware
PKHC #1, LLC	Delaware
Prudential Investment & Securities Co., Ltd	Korea
Prudential Asset Management Co., Ltd	Korea
PKHC #2, LLC	Delaware
Pramerica Financial Asia Limited	Delaware
Pramerica Asia Fund Management Limited	Hong Kong
Prudential Consultoria , S. De R.L. de C.V.	Mexico
Prudential Grupo Financiero, S.A. de C.V.	Mexico
Prudential Bank, S.A. Institucion de Banca Multiple, Prudential Grupo Financiero	Mexico
Prudential Investment Management (Japan), Inc.	Delaware
Prudential Investment Management Japan Company Limited	Japan
Prudential Mexico, LLC	Delaware
Prudential Finanical Operadora de Sociedades de Inversion S.A. de C.V.	Mexico
Prudential Apolo Servicos, S.A. de C.V.	Mexico
Prudential Securities Investing Consulting (Taiwan) Co., Ltd.	Taiwan
Prudential Seguros Mexico, S.A.	Mexico
Prudential International Investments, LLC	New Jersey

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Subsidiary	Jurisdiction of Incorporation
Prudential International Investments Advisers, LLC	Delaware
Prudential Japan Holdings, LLC	Delaware
Kyoei Annuity Home Co. Ltd. (Kabushiki Kaisha Kyouei Nenkin Home)	Japan
Kyosei Leasing Co., Ltd. (Kyosei Lease Kabushiki Kaisha)	Japan
Prudential Holdings of Japan, Inc.	Japan
The Gibraltar Life Insurance Company Ltd.	Japan
Prudential Real Estate Management Co., Ltd. (Prudential Real Estate Management Yugen Kaisha)	Japan
Minami Aoyama Gardening Co., Ltd. (Minami Aoyana Engei Kabushiki Kaisha)	Japan
Sanei Premium Collecting Service Co., Ltd. (Kabushi Kaisha San-ei Shuuno Service)	Japan
Gibraltar Agency Co., Ltd. (Gibraltar Agency Kabushiki Kaisha)	Japan
PG Insurance Service Co., Ltd. (PG Insurance Service Kabushiki Kaisha)	Japan
Sanei Sightseeing Co., Ltd. (San-ei Kankno Kabushiiki Kaisha)	Japan
Satsuki Properties Co. Ltd. (Yugen Kaisha Satsuki Properties)	Japan
Prudential Management Canada Ltd.	Ontario
Prudential Real Estate and Relocation Services, Inc.	Delaware
Corporate America Realty, Inc.	New Jersey
PRICOA Consulting (Shanghai) Co., Ltd.	China
PRICOA Relocation Asia Pte. Ltd.	Singapore
PRICOA Relocation France SAS	Paris, France
PRICOA Relocation Holdings Limited	UK
Pricoa Relocation Management Limited	UK
Pricoa Relocation United Kingdom Limited	UK
PRICOA Relocation Hong Kong Limited	Hong Kong
Prudential Community Interaction Consulting, LLC	Delaware
Prudential Real Estate Affiliates of Canada Ltd.	Ontario, Canada
Prudential Real Estate Affiliates, Inc.	Delaware
Prudential Realty Holding Company, Inc.	Delaware
Prudential Referral Services, Inc.	Delaware
Prudential Relocation, Inc.	Colorado
Prudential Relocation Canada, Ltd.	Canada Federal, Canada
Prudential Relocation, Ltd.	Ontario
The Relocation Freight Corporation of America	California
Prudential Relocation, S. de R.L. de C.V.	Mexico
Prudential Texas Residential Services Corporation	Texas

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Subsidiary	Jurisdiction of Incorporation
The Prudential Real Estate Financial Services of America, Inc.	California
eRealty, Inc.	Texas
Prudential Real Estate Services Company, LLC	Texas
Prudential Retirement Financial Services Holding LLC	Delaware
Global Portfolio Strategies, Inc.	Connecticut
Prudential Retirement Brokerage Services, Inc.	Delaware
The PSI Programs LLC	Delaware
Vantage Casualty Insurance Company	Indiana

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