The Morgan Group, Inc.
                                   (Delaware)

                  100%                                   100%

          Morgan Drive Away, Inc.             Interstate Indemnity Company 
               (Indiana)                               (Vermont)


                  100%                                   100%
                                   
                TDI, Inc.                         Morgan Finance, Inc.
               (Indiana)                               (Indiana)

                     Subsidiaries of Morgan Drive Away, Inc.

                  100%                                   100%

                MDA Corp.                 Transport Services Unlimited, Inc.
                (Oregon)                               (Indiana)