Montgomery tubercles look like bumps around the areolas. They will become larger if the woman is pregnant. They are glands and they are nothing to be concerned about.
Body, Montgomery's tubercles vary from one woman to the next. In some these glands may barely show while in others they prominently appear. According to http://www.007b.com/nipple_gallery.php, some women also had whitish glands.
The Wiley periodical " Developmental Psychobiology" featured an article on a study of Montgomery's tubercles published February 17, 2006. It confirmed that the size of areolar glands related positively to pregnancy and lactation. So during pregnancy these glands will likely appear if not already present or become larger.
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