1
                                   EXHIBIT 21

                         SUBSIDIARIES OF THE REGISTRANT

         The following are the Company's subsidiaries as of April 18, 1997. All
beneficial interests are wholly-owned by the Company and are included in the
Company's consolidated financial statements.



             Name of Subsidiary                      State of Organization           Date of Incorporation
             ------------------                      ---------------------           ---------------------

                                                                                      
       F & F Acquisition Corp                               New York                         9-12-94

       Mount Vernon Distributors, Inc.                      New York                        10-15-93