EXHIBIT 21.1
SUBSIDIARIES OF THE REGISTRANT
SUBSIDIARIES OF PAYCHEX, INC. AS OF MAY 31, 2008
     
    Jurisdiction of
Name of Subsidiaries   Incorporation
Advantage Payroll Services Inc.
  Delaware
Paychex Agency, Inc.
  New York
Paychex Benefit Technologies Inc.
  Delaware
Paychex Business Solutions, Inc.
  Florida
Paychex Deutschland GmbH
  Germany
Paychex Insurance Concepts, Inc.
  New York
Paychex Investment Partnership LP (1)
  Delaware
Paychex Management Corp.(2)
  New York
Paychex of New York LLC (2)
  Delaware
Paychex North America Inc.
  Delaware
Paychex Recordkeeping Services, Inc.
  Delaware
Paychex Securities Corporation
  New York
Paychex Time & Attendance Inc.