Exhibit 21


                  [X] W. R. GRACE & CO., A DELAWARE CORPORATION
                                U.S. SUBSIDIARIES
                                -----------------

                                                                      12/31/2003


      [X]  Chapter 11 Filing - April 2, 2001

- -----------------------------------------------------------------
                                                      STATE OF
                SUBSIDIARY NAME                     INCORPORATION
- -----------------------------------------------------------------
[X]   A-1 Bit & Tool Co., Inc.                           DE
- -----------------------------------------------------------------
      * Advanced Refining Technologies LLC               DE
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[X]   Alewife Boston Ltd.                                MA
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[X]   Alewife Land Corporation                           MA
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[X]   Amicon, Inc.                                       DE
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[ ]   AP Chem Incorporated                               MD
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[X]   CB Biomedical, Inc.                                DE
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[X]   CCHP, Inc.                                         DE
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[X]   Coalgrace, Inc.                                    DE
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[X]   Coalgrace II, Inc.                                 DE
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[ ]   Construction Products Dubai, Inc.                  DE
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[X]   Creative Food 'N Fun Company                       DE
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[X]   Darex Puerto Rico, Inc.                            DE
- -----------------------------------------------------------------
[X]   Del Taco Restaurants, Inc.                         DE
- -----------------------------------------------------------------
[X]   Dewey and Almy, LLC                                DE
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[X]   Ecarg, Inc.                                        NJ
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[X]   Five Alewife Boston Ltd.                           MA
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[X]   G C Limited Partners I, Inc.                       DE
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[X]   G C Management, Inc.                               DE
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[X]   GEC Management Corporation                         DE
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[X]   GN Holdings, Inc.                                  DE
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[X]   GPC Thomasville Corp.                              DE
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[X]   Gloucester New Communities Company, Inc.           NJ
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[X]   Grace A-B Inc.                                     DE
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[X]   Grace A-B II Inc.                                  DE
- -----------------------------------------------------------------
[ ]   Grace Asia Pacific, Inc.                           DE
- -----------------------------------------------------------------
[ ]   Grace Chemicals, Inc.                              DE
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[X]   Grace Chemical Company of Cuba                     IL
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[ ]   Grace Collections, Inc.                            DE
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[X]   Grace Culinary Systems, Inc.                       MD
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[X]   Grace Drilling Company                             DE
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[X]   Grace Energy Corporation                           DE
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[X]   Grace Environmental, Inc.                          DE
- -----------------------------------------------------------------


- ---------------------
* Ownership of Advanced Refining Technologies LLC is 55% W. R. Grace & Co.-Conn.
(#001) and 45% Chevron USA, Inc.; certain enumerated actions of the Executive
Committee require unanimous consent.


                                        1




- -----------------------------------------------------------------
                                                      STATE OF
                SUBSIDIARY NAME                     INCORPORATION
- -----------------------------------------------------------------
[X]   Grace Europe, Inc.                                 DE
- -----------------------------------------------------------------
[ ]   Grace Germany Holdings, Inc.                       DE
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[X]   Grace H-G Inc.                                     DE
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[X]   Grace H-G II Inc.                                  DE
- -----------------------------------------------------------------
[X]   Grace Hotel Services Corporation                   DE
- -----------------------------------------------------------------
[X]   Grace International Holdings, Inc.                 DE
- -----------------------------------------------------------------
[ ]   Grace Latin America, Inc.                          DE
- -----------------------------------------------------------------
[ ]   Grace Management Services, Inc.                    DE
- -----------------------------------------------------------------
[X]   Grace Offshore Company                             LA
- -----------------------------------------------------------------
[X]   Grace PAR Corporation                              DE
- -----------------------------------------------------------------
[X]   Grace Petroleum Libya Incorporated                 DE
- -----------------------------------------------------------------
[ ]   Grace Receivables Purchasing, Inc.                 DE
- -----------------------------------------------------------------
[X]   Grace Tarpon Investors, Inc.                       DE
- -----------------------------------------------------------------
[X]   Grace Ventures Corp.                               DE
- -----------------------------------------------------------------
[X]   Grace Washington, Inc.                             DE
- -----------------------------------------------------------------
[X]   W. R. Grace Capital Corporation                    NY
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[X]   W. R. Grace & Co.-Conn.                            CT
- -----------------------------------------------------------------
[X]   W. R. Grace Land Corporation                       NY
- -----------------------------------------------------------------
[X]   Gracoal, Inc.                                      DE
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[X]   Gracoal II, Inc.                                   DE
- -----------------------------------------------------------------
[X]   Guanica-Caribe Land Development Corporation        DE
- -----------------------------------------------------------------
[X]   Hanover Square Corporation                         DE
- -----------------------------------------------------------------
[X]   Homco International, Inc.                          DE
- -----------------------------------------------------------------
[ ]   Ichiban Chemical Co., Inc.                         DE
- -----------------------------------------------------------------
[X]   Kootenai Development Company                       MT
- -----------------------------------------------------------------
[X]   L B Realty, Inc.                                   DE
- -----------------------------------------------------------------
[X]   Litigation Management, Inc.                        DE
- -----------------------------------------------------------------
[X]   Monolith Enterprises, Incorporated                 DC
- -----------------------------------------------------------------
[X]   Monroe Street, Inc.                                DE
- -----------------------------------------------------------------
[X]   MRA Holdings Corp.                                 DE
- -----------------------------------------------------------------
[X]   MRA Intermedco, Inc.                               DE
- -----------------------------------------------------------------
[X]   MRA Staffing Systems, Inc.                         DE
- -----------------------------------------------------------------
[X]   Remedium Group, Inc.                               DE
- -----------------------------------------------------------------
[ ]   Separations Group, The                             CA
- -----------------------------------------------------------------
[X]   Southern Oil, Resin & Fiberglass, Inc.             FL
- -----------------------------------------------------------------
[X]   Water Street Corporation                           DE
- -----------------------------------------------------------------


                                        2





NON-U.S. SUBSIDIARIES
- ---------------------

- --------------------------------------------------
COUNTRY/
SUBSIDIARY NAME
- --------------------------------------------------
ARGENTINA
- --------------------------------------------------
W. R. Grace Argentina S.A.
- --------------------------------------------------
WRG Argentina, S.A.
- --------------------------------------------------
AUSTRALIA
- --------------------------------------------------
Grace Australia Pty. Ltd.
- --------------------------------------------------
BELGIUM
- --------------------------------------------------
Grace N.V.
- --------------------------------------------------
Grace Silica N.V.
- --------------------------------------------------
BRAZIL
- --------------------------------------------------
Grace Brasil Ltda.
- --------------------------------------------------
Grace Davison Ltda.
- --------------------------------------------------
PEADCO-Engenharia, Comercio Industria Ltda.
- --------------------------------------------------
CANADA
- --------------------------------------------------
GEC Divestment Corporation Ltd.
- --------------------------------------------------
Grace Canada, Inc.
- --------------------------------------------------
W. R. Grace Finance (NRO) Ltd.
- --------------------------------------------------
CHILE
- --------------------------------------------------
Grace Quimica Compania Limitada
- --------------------------------------------------
CHINA - PEOPLE'S REPUBLIC OF
- --------------------------------------------------
Grace China Ltd.
- --------------------------------------------------
COLOMBIA
- --------------------------------------------------
Grace Colombia S.A.
- --------------------------------------------------
W. R. G.  Colombia S.A.
- --------------------------------------------------
CUBA
- --------------------------------------------------
Envases Industriales y Comerciales, S.A.
- --------------------------------------------------
Papelera Camagueyana, S.A.
- --------------------------------------------------
FRANCE
- --------------------------------------------------
Etablissements Pieri S.A.
- --------------------------------------------------
Societe Civile Beau-Beton
- --------------------------------------------------
W. R. Grace S.A.
- --------------------------------------------------
GERMANY
- --------------------------------------------------
Advanced Refining Technologies GmbH
- --------------------------------------------------
Grace Bauprodukte GmbH
- --------------------------------------------------
Grace Darex GmbH
- --------------------------------------------------
Grace GP G.m.b.H.
- --------------------------------------------------
Grace Holding G.m.b.H.
- --------------------------------------------------
Grace Management GP G.m.b.H.
- --------------------------------------------------
Grace Silica GmbH
- --------------------------------------------------


                                        3


- ----------------------------------------------------
COUNTRY/SUBSIDIARY NAME
- ----------------------------------------------------
GREECE
- ----------------------------------------------------
Grace Hellas E.P.E.
- ----------------------------------------------------
HONG KONG
- ----------------------------------------------------
W. R. Grace (Hong Kong) Limited
- ----------------------------------------------------
W. R. Grace Southeast Asia Holdings Limited
- ----------------------------------------------------
HUNGARY
- ----------------------------------------------------
Grace Ertekesito Kft.
- ----------------------------------------------------
INDIA
- ----------------------------------------------------
W. R. Grace & Co. (India) Private Limited
- ----------------------------------------------------
INDONESIA
- ----------------------------------------------------
PT. Grace Specialty Chemicals Indonesia
- ----------------------------------------------------
IRELAND
- ----------------------------------------------------
Amicon Ireland Limited
- ----------------------------------------------------
Grace Construction Products (Ireland) Limited
- ----------------------------------------------------
Trans-Meridian Insurance (Dublin) Ltd.
- ----------------------------------------------------
ITALY
- ----------------------------------------------------
W. R. Grace Italiana S.p.A.
- ----------------------------------------------------
JAPAN
- ----------------------------------------------------
Advanced Refining Technologies K.K.
- ----------------------------------------------------
Grace Chemicals K.K.
- ----------------------------------------------------
Grace Japan Kabushiki Kaisha
- ----------------------------------------------------
KOREA
- ----------------------------------------------------
Grace Korea Inc.
- ----------------------------------------------------
MALAYSIA
- ----------------------------------------------------
W. R. Grace (Malaysia) Sendiran Berhad
- ----------------------------------------------------
W. R. Grace Specialty Chemicals (Malaysia) Sdn. Bhd.
- ----------------------------------------------------
MEXICO
- ----------------------------------------------------
Grace Container, S. A. de C. V.
- ----------------------------------------------------
W. R. Grace Holdings, S. A. de C. V.
- ----------------------------------------------------
NETHERLANDS
- ----------------------------------------------------
Amicon B.V.
- ----------------------------------------------------
Denac Nederland B.V.
- ----------------------------------------------------
Storm van Bentem en Kluyver B.V.
- ----------------------------------------------------
W. R. Grace B.V.
- ----------------------------------------------------
NETHERLANDS ANTILLES
- ----------------------------------------------------
W. R. Grace N.V.
- ----------------------------------------------------
NEW ZEALAND
- ----------------------------------------------------
Grace (New Zealand) Limited
- ----------------------------------------------------
PHILIPPINES
- ----------------------------------------------------
W. R. Grace (Philippines), Inc.
- ----------------------------------------------------
POLAND
- ----------------------------------------------------
Grace Sp. z o.o.
- ----------------------------------------------------
RUSSIA
- ----------------------------------------------------
Darex CIS LLC
- ----------------------------------------------------
SINGAPORE
- ----------------------------------------------------
W. R. Grace (Singapore) Private Limited
- ----------------------------------------------------
SOUTH AFRICA
- ----------------------------------------------------
Grace Davison (Proprietary) Limited
- ----------------------------------------------------
W. R. Grace Africa (Pty.) Limited
- ----------------------------------------------------
                                        4



- ----------------------------------------------------
COUNTRY/
SUBSIDIARY NAME
- ----------------------------------------------------
SPAIN
- ----------------------------------------------------
Grace, S.A.
- ----------------------------------------------------
Pieri Especialidades, S.L.
- ----------------------------------------------------
SWEDEN
- ----------------------------------------------------
Grace AB
- ----------------------------------------------------
Grace Catalyst AB
- ----------------------------------------------------
Grace Sweden AB
- ----------------------------------------------------
SWITZERLAND
- ----------------------------------------------------
Pieri S.A.
- ----------------------------------------------------
TAIWAN
- ----------------------------------------------------
W. R. Grace Taiwan, Inc.
- ----------------------------------------------------
THAILAND
- ----------------------------------------------------
W. R. Grace (Thailand) Limited
- ----------------------------------------------------
UNITED KINGDOM
- ----------------------------------------------------
A.A. Consultancy & Cleaning Company Limited
- ----------------------------------------------------
Cormix Limited
- ----------------------------------------------------
Borndear 1 Limited
- ----------------------------------------------------
Borndear 2 Limited
- ----------------------------------------------------
Borndear 3 Limited
- ----------------------------------------------------
Darex UK Limited
- ----------------------------------------------------
Emerson & Cuming (Trading) Ltd.
- ----------------------------------------------------
Emerson & Cuming (UK) Ltd.
- ----------------------------------------------------
Grace Construction Products Limited
- ----------------------------------------------------
Pieri U.K. Limited
- ----------------------------------------------------
Servicised Ltd.
- ----------------------------------------------------
W. R. Grace Limited
- ----------------------------------------------------
VENEZUELA
- ----------------------------------------------------
Grace Venezuela, S.A.
- ----------------------------------------------------
Inversiones GSC, S.A.
- ----------------------------------------------------




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