EXHIBIT 21

            COUSINS PROPERTIES INCORPORATED AND CONSOLIDATED ENTITIES
                         SUBSIDIARIES OF THE REGISTRANT
                                DECEMBER 31, 2000

         At December 31,  2000,  the  Registrant  had the  following  100% owned
subsidiaries:

                  Cousins, Inc.; subsidiary includes Cousins/Daniel, LLC*
                  Cousins Austin GP, Inc.
                  Cousins Austin, Inc.
                  Cousins Texas GP Inc.
                  Cousins Texas Inc.
                  Cousins Properties Texas LP

         At  December  31,  2000,  the  financial  statements  of the  following
entities were  consolidated  with those of the  Registrant  in the  Consolidated
Financial Statements incorporated herein:

                  CommonWealth/Cousins  I, LLC (50.10%  owned by Registrant
                      and 49.90% owned by  CommonWealth
                      Pacific, LLC)**
                  Cousins/Myers Second Street Partners, L.L.C.*
                  Cousins/Myers II, LLC*
                  Cousins Real Estate Corporation and subsidiaries (100% of non-
                      voting common stock and 100% of preferred stock owned by
                      Registrant); subsidiaries include Cousins MarketCenters,
                      Inc. (100% owned by Cousins Real Estate Corporation)
                  CP Venture Three LLC (88.50%  owned by  Registrant  and 11.50%
                      owned by Prudential)
                  CREC II Inc. and  subsidiaries  (100% of  non-voting common
                      stock and 100% of preferred stock owned by Registrant);
                      subsidiaries include Cousins Stone Texas Inc. and CS Texas
                      Inc.
                  Perimeter  Expo  Associates,  L.P. (90%  owned  by  Registrant
                      and 10%  owned  by  Cousins  MarketCenters, Inc.)
                  Rocky Creek Properties, Inc. & MT&E - Macon-Harris (75% owned
                      by Registrant)





  *Minority  member  receives  a  portion  of  residual  cash  flow and  capital
   proceeds after a preferred return to Registrant.

** Subsequent to December 31, 2000,  CommonWealth  Pacific,  LLC's  interest was
   purchased  by  the  Company   which  owns  100%  of  the  venture  now  named
   Cousins/Cerritos I, LLC.

         At December 31, 2000, the Registrant and its consolidated  entities had
the following significant unconsolidated subsidiaries which were not 100% owned:

                  285  Venture,  LLC (50%  owned by  Registrant)
                  Brad Cous Golf Venture,  Ltd. (50% owned by  Registrant)
                  CC-JM II Associates (50% owned by Registrant)
                  Charlotte Gateway Village, LLC (50% owned  by  Registrant)
                  C-H  Associates,  Ltd.  (49%  owned by Cousins Real Estate
                      Corporation)
                  C-H Leasing  Associates (50% owned by  Cousins  Real  Estate
                      Corporation)
                  C-H  Management Associates  (50% owned by  Cousins  Real
                      Estate  Corporation)
                  Cousins  LORET  Venture,  L.L.C.  (50%  owned  by  Registrant)
                  Cousins  Stone LP (75% owned by CREC II Inc.'s  subsidiaries)*
                  CPI/FSP I, L.P. (50% owned by  Registrant) CP Venture LLC (50%
                      owned by  Registrant)
                  CP  Venture  Two LLC  (11.50%  owned by Registrant)
                  Crawford Long - CPI, LLC (50% owned by Registrant)
                  CSC  Associates,  L.P. (50% owned by Registrant)
                  Green Valley Associates II (50% owned by Registrant)
                  MC Dusseldorf  Holding B.V. (10% voting interest owned by
                      Registrant and 40% voting interest owned by Cousins Real
                      Estate Corporation)
                  Ten Peachtree Place Associates (50% owned by Registrant)
                  Temco Associates (50% owned by Cousins Real Estate
                      Corporation)
                  Wildwood Associates (50% owned by Registrant)










  * Subsequent to December 31, 2000, CREC II Inc.'s  subsidiaries  purchased the
    remaining 25% interest.