The Chrysler Financial Corporation, the company's financing subsidiary, contributed $62 million in earnings to the parent corporation.

These assets will include $8.44 billion in commercial real estate, three financing subsidiaries, and all its industrial holdings, including the Metro-Goldwyn-Mayer movie studios.

The trust is a financing subsidiary of M.D.C. Holdings, a Denver home builder.

But the rise of corporate ownership could also hurt profits at the auto makers' financing subsidiaries, which do a good business lending money to dealerships.

Kemper's board acted after GE Capital, the financing subsidiary of G.E., raised its offer to $60 a share from $55.

Mr. Roberts was also named president and chief operating officer of its financing subsidiary, Consolidated Acceptance Corp.

The debt for the company's financing subsidiary is also being reviewed.

Clayton sells the houses in 297 retail outlets and provides mortgages and insurance through a financing subsidiary.

"You really want the financing subsidiary to be arm's-length."

Under this methodology, even Chrysler did not make the list, because of the massive debt owed by its financing subsidiary.