EXHIBIT 21


                      OLYMPIC CASCADE FINANCIAL CORPORATION


Subsidiaries of the Registrant

September 30, 2004


                                                                    Percentage
                                                                     of Voting
                                          State of                  Securities
Subsidiary Name                         Incorporation                 Owned
- ---------------                         -------------                 -----

National Securities Corporation           Washington                   100%

Robotic Ventures Group LLC                Delaware                     24.5%









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