EXHIBIT 21.0
 
                        SUBSIDIARIES OF THE REGISTRANT
 
   NRLP Management Corp., a wholly-owned Nevada corporation and the general
partner of National Realty, L.P. and National Operating, L.P. both Delaware
partnerships, and American General Realty, Inc., a wholly-owned Nevada
corporation the parent of Pizza World Supreme, Inc., a wholly-owned Nevada
corporation, are "significant subsidiaries" of the Company (as such term is
defined in Rule 1-02(v) of Regulation S-X). The remaining subsidiaries of the
Company, considered in the aggregate, would not constitute a "significant
subsidiary".