EXHIBIT 21

LIST OF SIGNIFICANT SUBSIDIARIES
The following are the significant subsidiaries of the Registrant included in the Registrant's consolidated financial statements at
December 31, 1994. Other subsidiaries are not listed because such subsidiaries are inactive and in the aggregate are not
considered to constitute a significant subsidiary.

Jurisdiction Percent of voting
under which securities owned
organized by Registrant
------------ -----------------

InterBold New York 70% (1)

Diebold Holding Company, Inc. Delaware 100%

The Diebold Company of Canada Limited Canada 100%

Diebold of Nevada, Inc. Nevada 100%

Diebold Investment Company Delaware 100%

DBD Investment Management Company Delaware 100%

VDM Holding Company, Inc. Delaware 100%

Diebold Foreign Sales Corporation St. Thomas, U.S. Virgin Islands 100% (2)

Diebold Credit Corporation Delaware 100%

Diebold Finance Company, Inc. Delaware 100% (2)

Diebold International Limited United Kingdom 100%

Diebold Pacific, Limited Hong Kong 100%

InterBold Pacific Limited Hong Kong 70% (3)

InterBold Germany GmbH Germany 70% (3)

Interbold Technologies, Inc. Delaware 70% (3)

ATM Finance, Inc. Ohio 100%

Diebold Mexico Holding Company, Inc. Delaware 100%

Diebold Latin America Holding Company, Inc. Delaware 100%

Diebold Mexico, S.A. de C.V. Mexico 100% (4)

DBD Resource Leasing, S.A. de C.V. Mexico 100% (5)

China Diebold Financial Equipment Company LTD. (China) Peoples Republic of China 65% (6)

Central Security Systems, Inc. Hawaii 100%

MedSelect Systems, Inc. Delaware 100%

<FN>
(1) 70% of partnership interest is owned by Diebold Holding Company, Inc. which is 100% owned by the Registrant.

(2) 100% of voting securities are owned by Diebold Investment Company which is owned 100% by the Registrant.

(3) 100% of voting securities are owned by InterBold which is 70% owned by Diebold Holding Company, Inc.; Diebold Holding Company,
Inc. is 100% owned by the Registrant.

(4) 100% of voting securities are owned by Diebold Mexico Holding Company, Inc.

(5) 100% of voting securities are owned by Diebold Mexico, S.A. de C.V. which is 100% owned by Diebold Mexico Holding Company, Inc.

(6) 65% of voting securities are owned by the Registrant.