EXHIBIT 21

REGISTRANT
POLARIS INDUSTRIES INC.

	State or Other Jurisdiction
	of Incorporation or
Name of Subsidiary	Organization
Polaris Industries Inc.	Delaware
Polaris Real Estate Corporation of Iowa, Inc.	Delaware
Polaris Real Estate Corporation	Delaware
Polaris Industries Ltd.	Manitoba, Canada
Polaris Acceptance Inc.	Minnesota
Polaris Sales Inc.	Minnesota
Polaris Industries Manufacturing LLC	Minnesota
Polaris Direct Inc.	Minnesota
Polaris Sales Australia Pty Ltd.	Australia
Polaris France S.A.	France
Polaris Britain Limited	United Kingdom
Polaris Norway AS	Norway
Polaris Scandinavia AB	Sweden