EXHIBIT 21

                           SUBSIDIARIES OF REGISTRANT

The registrant owns 100% of the issued and outstanding capital stock of TruServ
Acceptance Company, TruServ Logistics Company, and General Paint and
Manufacturing Co., all Illinois corporations, ServiStar Paint Company and
Advocate Services Incorporated, both Pennsylvania Corporations, TrueValue.com, a
Delaware Corporation, and is the sole member of MaryGreen, LLC, and TruServ
Specialty Company, LLC, both Delaware limited liability companies. The accounts
of these subsidiaries have been consolidated with the registrant's in December
31, 2002 and 2001.