Investment in Subsidiary

Konami Co Ltd
31 August 2000


Report of Investment in a Subsidiary 

Obligated by Japanese Securities and Exchange Law, we shall report our
investment in KCE Tokyo, Inc., which has been owned by KONAMI CORPORATION as a
consolidated subsidiary.  KONAMI CORPORATION's holding shares have changed to
69.63% of total shares along with the IPO (Initial Public Offering) by KCE
Tokyo, Inc. 

Name of the Company: KONAMI CORPORATION
Date of Reporting: August 31, 2000
Effective Date of Reporting Obligation: August 29, 2000
Address of Headquarters: 4-3-1 Toranomon, Minato-ku, Tokyo. Japan

1. Reporter's Information
a. Issuing Company 

Name of the Company: KCE Tokyo, Inc.       
Company's Code: 4780
Over- the-Counter
Headquarters Address: 3-25 Kanda-Jimbocho, Chiyoda-ku, Tokyo, Japan

b. Reporting Company

Corporation Name: KONAMI CORPORATION
Address: 4-3-1 Toranomon, Minato-ku, Tokyo, Japan
Date of Establishment: Mar. 3, 1973
Representative: Chairman of the Board and Chief Executive Officer Kozuki,
Kagemasa
Enterprise Activity:       Digital Computer Entertainment
Contact       Director Yamaguchi, Noriaki

c.  Objectives of Holding Shares
KONAMI CORPORATION has held shares of the issuing company, the KONAMI's
subsidiary for the long-term purpose since the establishment, to maintain its
administration rights of the company's operation.    
 
d. Shares Statement        

Total Shares Issued                  11,062,000
Total Shares Held                     7,703,000
Percentage of the Total Shares           69.63%

e. Deliberate Agreement on Stocks
None

f. Fund for the Share Acquisition
       Source of Fund (Thousand Yen)  
Total Self Fund (a)                 394,167
Loans (b)                                 0
Other (c)                                 0
Total Amount Acquired (a+b+c)       394,167