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                                                                     EXHIBIT 21
                                                                     ----------

                                  GENRAD, INC.
                                  ------------

                 SCHEDULE OF SUBSIDIARIES AS OF MARCH 30, 1995
                 ---------------------------------------------

SUBSIDIARIES NAME                         STATE/JURISDICTION OF INCORPORATION
-----------------                         -----------------------------------
                                                  
GenRad SA                                            France
                                          
GenRad GmbH                                          Germany
                                          
GenRad S.p.A.                                        Italy
                                          
GenRad (Schweiz) AG                                  Switzerland
                                          
GenRad Benelux B.V.                                  Netherlands
                                          
GenRad Europe Limited                                England
                                          
GenRad Limited                                       England
                                          
GenRad Holdings Limited                              England
                                          
GenRad Securities Corporation                        Massachusetts
                                  

All subsidiaries are Consolidated Subsidiaries and do business under their own  
name.