APPENDIX A

The following direct or indirect subsidiaries of Interval Holdings, Inc. or CUC Vacation Exchange, Inc. are excluded from the definition of "Interval" as used in the Order:

Name of
Corporation
Place of
Incorporation
Date of
Incorporation
Credit Card Sentinel Limited England & Wales 10/13/83
Credit Card Sentinel Sweden AB Sweden 05/14/79
CUC Assurances SARL France 03/15/94
CUC Europe Limited England 06/30/92
CUC Europe Management
Company Limited
England
09/22/92
CUC Europe SRL Italy 01/12/93
CUC Finacial Services, S.A. Spain 01/27/93
CUC International Limited  England 04/22/71
CUC South Africa (Pty) Ltd South Africa 01/18/93
CUC Travel Services, Inc.  Tennessee 12/28/81
CUC Voyages SARL France 01/29/91
Dimeday Limited England 02/07/94
Dining Programme Ltd England & Wales 05/26/93
Entertainment Publications de
Mexico, S.A. de C.V.
Mexico
01/11/96
Entertainment Publications Ltd. United Kingdom 11/17/83
Entertainment Publications of
Argentina, S.A.
Argentina 07/24/96
Membership Services Europe Limited England 09/29/93

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