EXHIBIT 21

                         SUBSIDIARIES OF THE REGISTRANT
                                        




 
 
                                               LOCATION OF INCORPORATION               PERCENT
SUBSIDIARIES OF THE REGISTRANT                      OR ORGANIZATION                   OWNERSHIP
- ---------------------------------             -------------------------              ----------
                                                                               
 
American Azide Corporation                              Nevada                         100%
                                                
American Pacific Corporation                            Nevada                         100%
                                             
AMPAC Farms, Inc.                                       Nevada                         100%