<DOCUMENT>
<TYPE>EX-21
<SEQUENCE>6
<FILENAME>c67993ex21.txt
<DESCRIPTION>SUBSIDIARIES
<TEXT>
<PAGE>

                                                                      EXHIBIT 21

                         SUBSIDIARIES OF THE REGISTRANT

     The following is a list of subsidiaries included in GATX's consolidated
financial statements (excluding a number of subsidiaries which, considered in
the aggregate, would not constitute a significant subsidiary), and the state or
country of incorporation for each:

GATX Financial Corporation (Delaware) -- includes 59 domestic subsidiaries, 38
foreign subsidiaries and interests in 35 domestic affiliates and 58 foreign
affiliates.

American Steamship Company (New York) -- 14 domestic subsidiaries.

Integrated Solutions Group

     GATX Terminals Holding Corporation (Delaware) -- 3 foreign subsidiaries and
four foreign affiliates.

     GATX Chemical Logistics, Inc. (Delaware)

     GATX Rail Logistics, Inc. (Delaware)

     Bonilog, S.A. (Brazil) -- 1 foreign affiliate.

                                        78

</TEXT>
</DOCUMENT>
