SUBSIDIARIES OF THE REGISTRANT

Published on March 31, 1997



EXHIBIT 21


SUBSIDIARIES OF THE REGISTRANT
------------------------------





JURISDICTION OF ORGANIZATION
NAME OR INCORPORATION
---- ----------------

SEI Financial Services Company Pennsylvania

SEI Financial Management Corporation Delaware

SEI Financial Services Limited Canada (Federal)

SEI Capital Limited Canada (Federal)

Rembrandt Financial Services Company Pennsylvania

SEI Developments, Inc. Delaware

SEI Fund Resources Delaware

SEI Fund Management Delaware

SEI Trust Company Pennsylvania

SEI Funds, Inc. Delaware

SEI Investments, Inc. Delaware

SEI Global Investments Corporation Delaware

SEI Capital AG Switzerland

Primus Capital Advisors Company Canada (Federal)

SEI Advanced Capital Management, Inc. Delaware

SEI Global Capital Investments, Inc. Delaware

SEI Global Management (Cayman) Inc. Cayman Islands, B.W.I

SEI Global Asset Management Limited Ireland

Fund Resources International Limited Ireland

SEI Investments Argentina, S.A. Argentina

SEI Global Holdings (Cayman) Inc. Cayman Islands, B.W.I




104