INCOMNET, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS DECEMBER 31, 1997 EXHIBIT 21 INCOMNET, INC. SUBSIDIARIES OF THE REGISTRANT State or other jurisdiction of Percentage of voting Name incorporation or organization securities owned - ------- ------------------------------ -------------------- National Telephone & Communications, Inc. Delaware 100% GenSource Corporation California 100% Incomnet India Limited India 32% Rapid Cast, Inc. New Jersey 29%