EXHIBIT 21

                           SUBSIDIARIES OF REGISTRANT

The registrant owns 100% of the issued and outstanding capital stock of TruServ
Acceptance Company, TruServ Logistic Company and General Paint and Manufacturing
Co., all Illinois corporations, Servistar Paint Company and Advocate Services
Incorporated, both Pennsylvania Corporations, TruValue.com, a Delaware
Corporation, True Value Company HK Limited, a Hong Kong company, and is the sole
member of TruServ Specialty Company, LLC, a Delaware limited liability company.
The accounts of these subsidiaries have been consolidated with the registrant's
in December 31, 2005 and 2004.