<DOCUMENT>
<TYPE>EX-21
<SEQUENCE>3
<FILENAME>ex-21.txt
<DESCRIPTION>EXHIBIT 21
<TEXT>

<PAGE>

                                                                      EXHIBIT 21


                              LIST OF SUBSIDIARIES


Hemex, Inc., a Delaware corporation

Aethlon, Inc., a California corporation

Syngen Research, Inc., a California corporation, doing business as Aethlon
Laboratories, Inc.

Cell Activation, Inc., a California corporation, doing business as Aethlon
Laboratories, Inc.
</TEXT>
</DOCUMENT>
