  We present further arguments that the Hipparcos parallaxes for some of the
clusters and associations represented in the Hipparcos catalog should be used
with caution in the study of the Galactic structure. It has been already shown
that the discrepancy between the Hipparcos and ground based parallaxes for
several clusters including the Pleiades, Coma Ber and NGC 6231 can be resolved
by recomputing the Hipparcos astrometric solutions with an improved algorithm
diminishing correlated errors in the attitude parameters. Here we present new
parallaxes obtained with this algorithm for another group of stars with
discrepant data - the galactic cluster Cr 121. The original Hipparcos
parallaxes led de Zeeuw et al. to conclude that Cr 121 and the surrounding
association of OB stars form a relatively compact and coherent moving group at
a distance of 550 -- 600 pc. Our corrected parallaxes reveal a different
spatial distribution of young stellar populace in this area. Both the cluster
Cr 121 and the extended OB association are considerably more distant (750 --
1000 pc), and the latter has a large depth probably extending beyond 1 kpc.
Therefore, not only are the recalculated parallaxes in complete agreement with
the photometric uvbybeta parallaxes, but the structure of the field they reveal
is no longer in discrepancy with that found by the photometric method.
