Exhibit 21.1

BIO-VASCULAR, INC.
LIST OF SUBSIDIARIES OF THE COMPANY
FOR THE YEAR ENDED OCTOBER 31, 2000


Name of Subsidiary                           Jurisdiction/State of Incorporation
- ------------------                           -----------------------------------

(1)  Jerneen Micro Medical Technologies,
     Inc.                                    Minnesota

(2)  Bio-Vascular B.V., Breda                Netherlands

(3)  BVI - (Barbados), Inc.                  Barbados