Exhibit 21
 

                          SUBSIDIARIES OF REGISTRANT
                                   

     Franklin Securities, Inc., a Georgia company, was incorporated on 
May 4, 1982, as a wholly owned subsidiary to handle securities transactions. 
The subsidiary is currently in an inactive status.

     Frandisco Property and Casualty Insurance Company, a Georgia company, was
incorporated on August 7, 1989, as a wholly owned subsidiary to reinsure the
property and casualty insurance policies written by the Company in connection
with its credit transactions.

     Frandisco Life Insurance Company of Georgia was incorporated on 
August 7, 1989, as a wholly owned subsidiary to reinsure the life and the 
accident and health insurance policies written by the Company in connection 
with its credit transactions. Effective December 27, 1990, Frandisco Life 
Insurance Company of Georgia was merged with Frandisco Life Insurance Company
of Arizona (incorporated on August 16, 1978 as a wholly owned subsidiary) 
with Frandisco Life Insurance Company of Georgia becoming the surviving 
Company.