Exhibit 21

                               BULOVA CORPORATION

                         Subsidiaries of the Registrant

                               December 31, 1997

                                   Organized under
    Name of Subsidiary               the Laws of              Business Names
    ------------------             ---------------            --------------

                                                             
Bulova Watch Company Limited           Canada                      Bulova

  The names of certain subsidiaries which, if considered as a single subsidiary,
would not constitute a "significant subsidiary" as defined in Regulation S-X
have been omitted.