EXHIBIT 21.1

                        SUBSIDIARIES OF THE REGISTRANT


1.  Club  Corporation  International

     (a)  Operating  in  the  hospitality  line  of   business ("Hospitality
          Business")

     (b)  Names  of:

          (i)  329 consolidated wholly owned subsidiaries operating in the
               Hospitality  Business  in  the  United  States  have  been
               omitted; and

          (ii) 41 consolidated wholly owned subsidiaries operating in the
               Hospitality  Business  in  foreign  countries  have  been
               ommitted.

2.  First  Federal  Financial  Corporation  -  Incorporated  in  Texas

3.  Franklin  Federal  Bancorp,  a  Savings  Bank  -  Incorporated  in  Nevada