EXHIBIT 21
 
                                MGM GRAND, INC.
 
                              LIST OF SUBSIDIARIES
 
                               DECEMBER 31, 1993
 


                                                           STATE OF
                                    NAME                 INCORPORATION
                     ---------------------------------   -------------
                                                   
      PARENT:        (1) MGM Grand, Inc.                   Delaware
      SUBSIDIARIES*: (2) MGM Grand Hotel, Inc.             Nevada
                     (3) MGM Grand Hotel Finance Corp.     Nevada
                     (3) MGM Grand Air, Inc.               Delaware

- --------
* Certain subsidiaries have been omitted since, considered in the aggregate as
  a single subsidiary, they do not, as of December 31, 1993, constitute
  significant subsidiaries as defined in the rules promulgated under the
  Securities Exchange Act of 1934, as amended.