The Limited, Inc., and Consolidated Subsidiaries - Page 12

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          to reduce the balance outstanding under the line of credit                  
          extended to WFNNB by Limited Service.                                       
          Petitioner’s Indirect Ownership of MFE N.V.                                 
               MFE N.V. is a fourth tier subsidiary of petitioner.  The               
          relationship of MFE N.V. to petitioner, as well as the                      
          relationship of WFNNB, Limited Service, and the stores to                   
          petitioner is shown in the following diagram.                               

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