EXHIBIT 21 ---------- TANDYCRAFTS, INC. Significant Subsidiaries of Tandycrafts, Inc. as of June 30, 1997 Jurisdiction of Subsidiary's Legal Name Doing Business As Incorporation ------------------------------- ---------------------------------------- ------------------------ Development Association, Inc. Joshua's Christian Stores Texas, U.S.A. Sav-On, Inc. Sav-On Office Supplies Texas,. U.S.A. TAC Holdings, Inc. Delaware, U.S.A. TandyArts, Inc. Impulse Designs/Hermitage Fine Arts Nevada, U.S.A. Licensed Lifestyles, Inc. Tag Express/Birdlegs Nevada, U.S.A. Each of the corporations listed is a direct subsidiary of Tandycrafts, Inc., which owns 100% of the voting securities of each, except for TAC Holdings, Inc. which is 100% owned by Tandycrafts, Inc. and its various subsidiaries. Each of the above subsidiaries is included in the Tandycrafts, Inc. Consolidated Financial Statements for fiscal 1997.