Exhibit 21.1
                      List of the Company's Subsidiaries



Name                                    Place of Incorporation
- -------------------------------------   -----------------------
IAT AG                                  Switzerland

IAT Deutschland GmbH                    Germany
Interaktive Medien Systeme
            
FSE Computer-Handel GmbH                Germany
& Co. KG
                              
IAT Communications Systems              Germany
GmbH
                                  
IAT Communication AG                    Switzerland