EXHIBIT 21.1


Subsidiaries

1.      American Superconductor Europe GmbH (*) - established in Germany
2.      ASC Holding Corp. (*) - incorporated in Delaware
3.      ASC Securities Corp. (**) - incorporated in Massachusetts
4.      Superconductivity, Inc. (*) - incorporated in Delaware



 *      Wholly owned subsidiary of American Superconductor Corporation
**      Wholly owned subsidiary of ASC Holding Corp.