<DOCUMENT>
<TYPE>EX-21
<SEQUENCE>2
<FILENAME>0002.txt
<DESCRIPTION>AMBASE CORPORATION SUBSIDIARY LISTING
<TEXT>


EXHIBIT 21

                               AMBASE CORPORATION
                               SUBSIDIARY LISTING
                             AS OF DECEMBER 31, 2000

<TABLE>
<CAPTION>


                                                     Jurisdiction                   Percentage Voting
                                                     In Which                       Securities Owned By
Name                                                 Organized                      Immediate Parent
==================================================== ============================== ================================
<S>                                                  <C>                            <C>


AmBase Corporation                                   Delaware                       N/A

     Carteret Bancorp, Inc.                          Delaware                       100%

     Home Capital Services, Inc.                     Delaware                       100%

     Maiden Lane Associates, Ltd.                    Delaware                       100%

     SDG Financial Corp.                             Delaware                       100%

</TABLE>

Note:    Interrelationships shown by indentation with 100% ownership unless
         otherwise indicated.
</TEXT>
</DOCUMENT>