1
                                EXHIBIT 21.00

                       SUBSIDIARIES OF THE COMPANY AND
                        OWNERSHIP OF SUBSIDIARY STOCK
                       -------------------------------





       NAME OF                  STATE/COUNTRY                      % OF SHARES
     SUBSIDIARY               OF INCORPORATION                 OWNED BY COMPANY
     ----------               ----------------                 ----------------
                                                                

   WABASH NATIONAL                 INDIANA                            100%
       FINANCE                                                         
     CORPORATION                                       
                                                       

 CONTINENTAL TRANSIT               INDIANA                            100%
     CORPORATION                                       
                                                       

WABASH INTERNATIONAL,        U.S. VIRGIN ISLANDS                      100%
         INC.                                          
(FOREIGN SALES CORP.)                                  
                                                       

  ROADRAILER BIMODAL            UNITED KINGDOM                        100%
         LTD.                  NORTHERN IRELAND         
                                                       

   WABASH NATIONAL                 GERMANY                            100%
         GmbH                                          
                                                       

   FREHAUF TRAILER                 DELAWARE                           100%
    SERVICES, INC.