EXHIBIT 21: SUBSIDIARIES OF THE REGISTRANT

WHOLLY OWNED SUBSIDIARIES OF PAYCHEX, INC. AS OF MAY 31, 2002

     
    Jurisdiction of
Name of Subsidiaries   Incorporation
 
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
Paychex Properties, Inc.   California