EXHIBIT 21


      SUBSIDIARIES OF FPL GROUP, INC.

                                                                                                State or Jurisdiction
                                         Subsidiary                                               of Incorporation   
                                                                                                 
1.  Florida Power & Light Company (100%-Owned) .............................................        Florida

2.  Bay Loan and Investment Bank (1) .......................................................        Rhode Island

3.  Palms Insurance Company, Limited (1) ...................................................        Cayman Islands

(1)  100%-owned subsidiary of FPL Group Capital Inc