<DOCUMENT>
<TYPE>EX-21
<SEQUENCE>5
<FILENAME>f80273ex21.txt
<DESCRIPTION>EXHIBIT 21
<TEXT>
<PAGE>
                                                                    Exhibit 21.

The subsidiaries of American Shared Hospital Services are:

     ACHES Insurance Services, Inc.
     a California corporation

     African American Church Health and Economic Services, Inc.
     a California corporation

     American Shared Radiosurgery Services
     a California corporation

     Embarcadero Transition Corp. III
     a Delaware corporation

     GK Financing, LLC
     a California limited liability company

     MedLeader.com, Inc.
     a California corporation

     MMRI, Inc.
     a California corporation

     OR21, Inc.
     a California corporation


</TEXT>
</DOCUMENT>
