EXHIBIT 21: SUBSIDIARIES OF THE REGISTRANT
WHOLLY-OWNED SUBSIDIARIES OF PAYCHEX, INC. AS OF MAY 31, 2000
Jurisdiction of
Name of Subsidiaries Incorporation
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Paychex Treasury Corporation New York
Paychex Management Corporation New York
Paychex Securities Corporation New York
Rapid Payroll, Inc. California
Paychex Business Solutions, Inc. Florida
Paychex Agency, Inc. New York
The names of certain subsidiaries have been omitted in accordance with SEC reg.
S-K 601(21)(ii) because they do not, in the aggregate, constitute a
"significant subsidiary" of Paychex, Inc.
