# EXHIBIT II

## PARENTS AND SUBSIDIARIES

| State or country of incorporation or organization | Percentage of voting securities owned by its immediate parent |
|---|---|
| New York | 100 (F) |
| Delaware | 100 (F) |
| Delaware | 100 (F) |
| Delaware | 100 (F) |
| Neth. Antilles | 100 (F) |
| Delaware | 100 (G) |
| Delaware | 80 (G) |
| Connecticut | 100 |
| Delaware | 100 |
| Delaware | 100 |
| California | 50 |
| California | 100 |
| California | 100 (F) |
| California | 100 |
| California | 100 |
| California | 100 |
| California | 100 |
| California | 100 |
| California | 100 |
| California | 100 |
| California | 100 |
| California | 100 |
| California | 100 |
| California | 100 |
| Virginia | 100 |
| Utah | 100 |
| Canada | 100 |
| Hong Kong | 100 |
| Japan | 100 |
| Delaware | 100 |
| Australia | 100 |
| Canada | 100 |
| United Kingdom | 100 |
| Delaware | 100 |
| Jamaica | 100 |
| Bermuda | 100 |
| Delaware | 100 |
| Delaware | 100 |
| Delaware | 100 |
| Austria | 100 |
| Austria | 100 |
| Belgium | 100 (B) |
| Belgium | 100 (B) |
| Belgium | 100 (B) |
| Belgium | 100 (B) |
| Belgium | 100 (B) |
| Belgium | 100 (B) |

**Registerant:**
- International Business Machines Corporation

**Subsidiaries:**
- IBM Credit Corporation
- IBM Credit Financing Corporation
- IBM Credit Leasing Corporation
- IBM Credit Overseas N.V.
- Information Satellite Corporation
- BCI Satellite, Inc.
- Satellite Transponder Leasing Corporation
- IBM Instruments, Inc.
- International Video Disk Corporation
- Discovision Associates
- ROLM Corporation
- ROLM Credit Corporation
- ROLM Corporation of Colorado
- ROLM Corporation of Florida
- ROLM Corporation of Illinois
- ROLM Corporation of Michigan
- ROLM Corporation of New England
- ROLM Corporation of Texas
- ROLM of New York Corporation
- ROLM Northern California Corporation
- ROLM Southern California Corporation
- ROLM Southeast Corporation
- ROLM Mid-Atlantic Corporation
- ROLM Intermountain Corporation
- ROLM Canada, Inc.
- ROLM Hong Kong, Ltd.
- ROLM International Japan Co., Ltd.
- Science Research Associates, Inc.
- Science Research Associates Pty., Ltd.
- Science Research Associates (Canada) Ltd.
- Science Research Associates Ltd. (United Kingdom)
- IBM World Trade Corporation
- IBM Foreign Sales Corporation, Ltd.
- WTC Insurance Corporation, Ltd.
- IBM World Trade Europe/Middle East/Africa Corporation
- IBM E/ME:A Product Distribution Corporation
- IBM ROECE Inc.
- IBM Oesterreich, Internationale Bueromasmachinen Gesellschaft m.b.H.
- IBM Produktvertrieb Gesellschaft m.b.H.
- International Business Machines of Belgium S.A.
- IBM Belgium Distribution Company
- IBM Belgium Financial Services Company
- IBM European International Services Co., S.A.
- IBM European Office (Brussels) S.A.