<DOCUMENT>
<TYPE>EX-21.1
<SEQUENCE>3
<FILENAME>ex21-1.txt
<DESCRIPTION>LIST OF SUBSIDIARIES
<TEXT>

<PAGE>   1

                                                                    EXHIBIT 21.1

                                  SUBSIDIARIES

<TABLE>
<S>                                                <C>                 <C>
Royal Fasteners Corporation......................  Texas Corporation   100% owned
</TABLE>
</TEXT>
</DOCUMENT>
