<PAGE> 1
EXHIBIT 21
LIST OF ACTIVE SUBSIDIARIES OF THE DUN & BRADSTREET CORPORATION
<TABLE>
<CAPTION>
OWNERSHIP
COMPANY NAME JURISDICTION OF CREATION PERCENTAGE
------------ ------------------------ ----------
<S> <C> <C>
Arrebnac Pty. Ltd. Australia 100%
Beheer en Beleggingsmaatschappij Stivaco B.V. Netherlands 100%
College Mercantile Pty. Ltd. Australia 100%
Consorzio Manifatturieri srl Italy 100%
Corinthian Leasing Corporation Delaware 100%
D&B Acquisition Corp. Delaware 100%
D&B Data & Services s.r.l. Italy 100%
D&B Espana S.A. Spain 100%
D&B Europe Limited England 100%
D&B Group Ltd. Delaware 100%
D&B Holdings (UK) Limited England 100%
D&B Information Services (M) Sdn. Bhd. Malaysia 100%
D&B International Consultant (Shanghai) Co. Ltd. Peoples Republic of China 100%
D&B Schimmelpfeng-Unterstutzungskasse GmbH Germany 100%
D&B Transitory Limited England 100%
Dataquest Europe England 100%
Dun & Bradstreet (Australia) Group Pty. Ltd. Australia 100%
Dun & Bradstreet (Australia) Holdings Pty. Australia 100%
Dun & Bradstreet (Australia) Pty. Limited Australia 100%
Dun & Bradstreet (C&EE) Holding B.V. Netherlands 100%
Dun & Bradstreet (France) B.V. Netherlands 100%
Dun & Bradstreet (HK) Limited Hong Kong 100%
Dun & Bradstreet (Israel) Ltd. Israel 100%
Dun & Bradstreet (New Zealand) Limited New Zealand 100%
Dun & Bradstreet (Nominees) Pty. Ltd. Australia 100%
Dun & Bradstreet (S.C.S.) B.V. Netherlands 100%
Dun & Bradstreet (Singapore) Pte. Ltd. Singapore 100%
Dun & Bradstreet (Switzerland) AG Switzerland/Delaware 100%
Dun & Bradstreet (U.K.) Pension Plan Trustee Company Ltd. England 100%
Dun & Bradstreet B.V. Netherlands 100%
Dun & Bradstreet Canada B.V. Netherlands 100%
Dun & Bradstreet Canada Holding, Ltd. Canada 100%
Dun & Bradstreet Computer Leasing, Inc. Delaware 100%
Dun & Bradstreet Credit Control, Ltd. Delaware 100%
Dun & Bradstreet Danmark Holding A/S Denmark 100%
Dun & Bradstreet de Mexico, S.A. de C.V. Mexico 100%
Dun & Bradstreet Denmark A/S Denmark 100%
Dun & Bradstreet Deutschland GmbH Germany/Delaware 100%
Dun & Bradstreet Do Brasil, Ltda. Brazil/Delaware 100%
Dun & Bradstreet Ekonomiforlaget AB Sweden 100%
Dun & Bradstreet European Outsourcing Center B.V. Netherlands 100%
Dun & Bradstreet Finance Ltd. England 100%
Dun & Bradstreet Finland OY Finland 100%
Dun & Bradstreet France S.C.S. France 100%
Dun & Bradstreet Holding Norway A/S Norway 100%
</TABLE>
<PAGE> 2
2
<TABLE>
<CAPTION>
OWNERSHIP
COMPANY NAME JURISDICTION OF CREATION PERCENTAGE
------------ ------------------------ ----------
<S> <C> <C>
Dun & Bradstreet Holdings B.V. Netherlands 100%
Dun & Bradstreet Hungaria Informacio Szolgaltato Korlatolt Hungary 100%
Felelosegu Tarasag
Dun & Bradstreet Information Services Ges.mbH Austria 100%
Dun & Bradstreet Information Services India Pvt. Ltd. India 100%
Dun & Bradstreet International, Ltd. Delaware 100%
Dun & Bradstreet Japan Ltd. Japan 100%
Dun & Bradstreet Limited Ireland 100%
Dun & Bradstreet Limited England 100%
Dun & Bradstreet Management S.A.S. France 100%
Dun & Bradstreet Marketing Pty. Ltd. Australia 100%
Dun & Bradstreet Marketing Services N.V. - S.A. Belgium 100%
Dun & Bradstreet Nordic AB Sweden 100%
Dun & Bradstreet Norge A/S Norway 100%
Dun & Bradstreet Outsourcing Services N.V. Belgium 100%
Dun & Bradstreet Poland sp. zo.o. Poland 100%
Dun & Bradstreet Portugal, Ltda. Portugal 100%
Dun & Bradstreet Pty. Ltd. Australia 100%
Dun & Bradstreet RMS Franchise Corporation Delaware 100%
Dun & Bradstreet S.A. Argentina 100%
Dun & Bradstreet S.A. Peru 100%
Dun & Bradstreet S.p.A. Italy 100%
Dun & Bradstreet spol s. r. o. Czech Republic 100%
Dun & Bradstreet Sverige AB Sweden 100%
Dun & Bradstreet Telecenter B.V. Netherlands 100%
Dun & Bradstreet Teleupdate Center GmbH Germany 100%
Dun & Bradstreet Unit Trust Australia 100%
Dun & Bradstreet Ventures, Inc. Delaware 100%
Dun & Bradstreet Zimbabwe (Private) Limited Zimbabwe 100%
Dun & Bradstreet, Inc. Delaware 100%
Duns Holding, Inc. Delaware 100%
Duns Investing VII Corporation Delaware 100%
DunsNet, Inc. Delaware 100%
E-Data Ventures, Ltd. England 100%
eccelerate.com, Inc. Delaware 100%
Enshrine CA Pty. Ltd. Australia 50%
Fillupar Leasing Partnership Delaware 98%
Infotrade N.V.-S.A. Belgium 100%
Moody's (Canada) Inc. Canada 100%
Moody's America Latina Ltda. Brazil 100%
Moody's Asia Pacific Limited Hong Kong 100%
Moody's Corporation Delaware 100%
Moody's de Mexico S.A. de C.V. Mexico 100%
Moody's Deutschland GmbH Germany 100%
Moody's France SA France 100%
Moody's Holdings B.V. Netherlands 100%
Moody's Holdings, Inc. Delaware 100%
Moody's Holdings (UK) Limited England 100%
</TABLE>
<PAGE> 3
3
<TABLE>
<CAPTION>
OWNERSHIP
COMPANY NAME JURISDICTION OF CREATION PERCENTAGE
------------ ------------------------ ----------
<S> <C> <C>
Moody's Interbank Credit Service Limited Cyprus 100%
Moody's Investment Company India Pvt. Ltd. India 100%
Moody's Investors Service Espana, S.A. Spain 100%
Moody's Investors Service Ltd. England 100%
Moody's Investors Service Pty. Limited Australia 100%
Moody's Investors Service, Inc. Delaware 100%
Moody's Italia S.r.l. Italy 100%
Moody's Japan Kabushiki Kaisha Japan 100%
Moody's Mauritius Holdings Limited India 100%
Moody's Overseas Holdings, Inc. Delaware 100%
Moody's Risk Management Services, Inc. Delaware 100%
Moody's Risk Management Services Ltd. England 100%
Moody's Risk Management Services Ltd. Ireland 100%
Moody's Singapore Pte. Ltd. Singapore 100%
N.V. Dun & Bradstreet-Eurinform S.A. Belgium/Delaware 100%
New D&B Inc. Delaware 100%
Orefro L'Informazione S.p.A. Italy 100%
RMS Holdings, Inc. Delaware 100%
S&W S.A.S. France 100%
Schimmelpfeng Inkasso GmbH Germany 100%
Socogestion S.A.S. France 100%
The D&B Companies of Canada Ltd. Canada 100%
The New D&B Corporation Delaware 100%
Vlaamse Bedrijfsdatabank N.V.-S.A. Belgium 100%
</TABLE>
<PAGE> 4
4
LIST OF ACTIVE SUBSIDIARIES OF THE NEW D&B CORPORATION
AFTER THE DISTRIBUTION DATE
<TABLE>
<CAPTION>
OWNERSHIP
COMPANY NAME JURISDICTION OF CREATION PERCENTAGE
------------ ------------------------ ----------
<S> <C> <C>
Arrebnac Pty. Ltd. Australia 100%
Beheer en Beleggingsmaatschappij Stivaco B.V. Netherlands 100%
College Mercantile Pty. Ltd. Australia 100%
Consorzio Manifatturieri srl Italy 100%
Corinthian Leasing Corporation Delaware 100%
D&B Acquisition Corp. Delaware 100%
D&B Data & Services s.r.l. Italy 100%
D&B Espana S.A. Spain 100%
D&B Europe Limited England 100%
D&B Group Ltd. Delaware 100%
D&B Holdings (UK) Limited England 100%
D&B Information Services (M) Sdn. Bhd. Malaysia 100%
D&B International Consultant (Shanghai) Co. Ltd. Peoples Republic of China 100%
D&B Schimmelpfeng-Unterstutzungskasse GmbH Germany 100%
D&B Transitory Limited England 100%
Dataquest Europe England 100%
Dun & Bradstreet (Australia) Group Pty. Ltd. Australia 100%
Dun & Bradstreet (Australia) Holdings Pty. Australia 100%
Dun & Bradstreet (Australia) Pty. Limited Australia 100%
Dun & Bradstreet (C&EE) Holding B.V. Netherlands 100%
Dun & Bradstreet (France) B.V. Netherlands 100%
Dun & Bradstreet (HK) Limited Hong Kong 100%
Dun & Bradstreet (Israel) Ltd. Israel 100%
Dun & Bradstreet (New Zealand) Limited New Zealand 100%
Dun & Bradstreet (Nominees) Pty. Ltd. Australia 100%
Dun & Bradstreet (S.C.S.) B.V. Netherlands 100%
Dun & Bradstreet (Singapore) Pte. Ltd. Singapore 100%
Dun & Bradstreet (Switzerland) AG Switzerland/Delaware 100%
Dun & Bradstreet (U.K.) Pension Plan Trustee Company Ltd. England 100%
Dun & Bradstreet B.V. Netherlands 100%
Dun & Bradstreet Canada B.V. Netherlands 100%
Dun & Bradstreet Canada Holding, Ltd. Canada 100%
Dun & Bradstreet Computer Leasing, Inc. Delaware 100%
Dun & Bradstreet Credit Control, Ltd. Delaware 100%
Dun & Bradstreet Danmark Holding A/S Denmark 100%
Dun & Bradstreet de Mexico, S.A. de C.V. Mexico 100%
Dun & Bradstreet Denmark A/S Denmark 100%
Dun & Bradstreet Deutschland GmbH Germany/Delaware 100%
Dun & Bradstreet Do Brasil, Ltda. Brazil/Delaware 100%
Dun & Bradstreet Ekonomiforlaget AB Sweden 100%
Dun & Bradstreet European Outsourcing Center B.V. Netherlands 100%
Dun & Bradstreet Finance Ltd. England 100%
Dun & Bradstreet Finland OY Finland 100%
Dun & Bradstreet France S.C.S. France 100%
Dun & Bradstreet Holding Norway A/S Norway 100%
Dun & Bradstreet Holdings B.V. Netherlands 100%
</TABLE>
<PAGE> 5
5
<TABLE>
<CAPTION>
OWNERSHIP
COMPANY NAME JURISDICTION OF CREATION PERCENTAGE
------------ ------------------------ ----------
<S> <C> <C>
Dun & Bradstreet Hungaria Informacio Szolgaltato Korlatolt Hungary 100%
Felelosegu Tarasag
Dun & Bradstreet Information Services Ges.mbH Austria 100%
Dun & Bradstreet Information Services India Pvt. Ltd. India 100%
Dun & Bradstreet, Inc. Delaware 100%
Dun & Bradstreet International, Ltd. Delaware 100%
Dun & Bradstreet Japan Ltd. Japan 100%
Dun & Bradstreet Limited Ireland 100%
Dun & Bradstreet Limited England 100%
Dun & Bradstreet Management S.A.S. France 100%
Dun & Bradstreet Marketing Pty. Ltd. Australia 100%
Dun & Bradstreet Marketing Services N.V. - S.A. Belgium 100%
Dun & Bradstreet Nordic AB Sweden 100%
Dun & Bradstreet Norge A/S Norway 100%
Dun & Bradstreet Outsourcing Services N.V. Belgium 100%
Dun & Bradstreet Poland sp. zo.o. Poland 100%
Dun & Bradstreet Portugal, Ltda. Portugal 100%
Dun & Bradstreet Pty. Ltd. Australia 100%
Dun & Bradstreet RMS Franchise Corporation Delaware 100%
Dun & Bradstreet S.A. Argentina 100%
Dun & Bradstreet S.A. Peru 100%
Dun & Bradstreet S.p.A. Italy 100%
Dun & Bradstreet spol s. r. o. Czech Republic 100%
Dun & Bradstreet Sverige AB Sweden 100%
Dun & Bradstreet Telecenter B.V. Netherlands 100%
Dun & Bradstreet Teleupdate Center GmbH Germany 100%
Dun & Bradstreet Unit Trust Australia 100%
Dun & Bradstreet Ventures, Inc. Delaware 100%
Dun & Bradstreet Zimbabwe (Private) Limited Zimbabwe 100%
Duns Holding, Inc. Delaware 100%
Duns Investing VII Corporation Delaware 100%
DunsNet, Inc. Delaware 100%
E-Data Ventures, Ltd. England 100%
eccelerate.com, Inc. Delaware 100%
Enshrine CA Pty. Ltd. Australia 50%
Fillupar Leasing Partnership Delaware 98%
Infotrade N.V.-S.A. Belgium 100%
N.V. Dun & Bradstreet-Eurinform S.A. Belgium/Delaware 100%
Orefro L'Informazione S.p.A. Italy 100%
RMS Holdings, Inc. Delaware 100%
S&W S.A.S. France 100%
Schimmelpfeng Inkasso GmbH Germany 100%
Socogestion S.A.S. France 100%
The D&B Companies of Canada Ltd. Canada 100%
Vlaamse Bedrijfsdatabank N.V.-S.A. Belgium 100%
</TABLE>