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, 1997. Other
subsidiaries are not listed because such subsidiaries are inactive and in the
aggregate are not considered to constitute a significant subsidiary.

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

InterBold New York 70% (1)

Diebold Holding Company, Inc. Delaware 100%

SST 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 Singapore Pte Ltd Singapore 100% (4)

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 HMA Private Limited India 50%

Diebold Mexico, S.A. de C.V. Mexico 100% (5)

DBD Asset Management S.A. de C.V. Mexico 100% (6)

Diebold OLTP Systems, C.A. Venezuela 50%

Diebold OLTP Systems, A.V.V. Aruba, Dutch West Indies 50%

Starbuck Computer Empire, A.V.V. Aruba, Dutch West Indies 50%

Diebold China Security Holding Company, Inc. Delaware 100%

China Diebold Financial Equipment Company LTD. (China) Peoples Republic of China 71%

Central Security Systems, Incorporated Hawaii 100%

Diebold Texas, Incorporated Texas 100%

Griffin Technology Incorporated New York 100%

Mayfair Software Distribution, Inc. Delaware 100%

Diebold Australia Holding Company, Inc. Delaware 100%

Diebold Australia Pty. Ltd. Australia 100% (7)

Diebold Singapore Pte. Ltd Singapore 100%

(1) 70% of partnership interest is owned by Diebold Holding Company, Inc. which
is 100% owned by the Registrant. On January 27, 1998, SST Holding Company,
Inc. acquired the remaining 30% partnership interest in InterBold. 100% of
voting securities of SST Holding Company, Inc. are owned by the Registrant.

(2) 100% of voting securities are owned by Diebold Investment Company which is
100% owned 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. On January 27, 1998, SST Holding Company, Inc. acquired
the remaining 30% partnership interest in InterBold. 100% of voting
securities of SST Holding Company, Inc. are owned by the Registrant.

(4) 100% of voting securities are owned by InterBold Pacific Limited, which is
100% owned by InterBold.

(5) 100% of voting securities are owned by Diebold Mexico Holding Company, Inc.
which is 100% owned by the Registrant.

(6) 100% of voting securities are owned by Diebold Mexico, S.A. de C.V. which
is 100% owned by Diebold Mexico Holding Company, Inc.

(7) 100% of voting securities are owned by Diebold Australia Holding Company,
Inc. which is 100% owned by the Registrant.