Exhibit 21

CRANE CO.
Exhibit 21 to FORM 10-K
Annual Report for the Year Ended December 31, 2002

Subsidiaries of Registrant

The following is a list of active subsidiaries of the registrant and their jurisdictions of incorporation. Except as noted, all of these subsidiaries are wholly owned, directly or indirectly, and all are included in the consolidated financial statements.  The names of several other subsidiaries have been omitted, as they would not, if considered in the aggregate as a single subsidiary, constitute a significant subsidiary.

Corva Corporation						Missouri
Crane GmbH						Germany
				National Rejectors, Inc. GmbH		Germany
					NRI Iberica S.A.	Spain
Crane International Holdings, Inc.						Delaware
	Crane Canada Co.					Canada
	Crane Capital Corporation LLC					Delaware
		Crane Ningjin Valve Co.				China (90%)
				Crane Zhengying Rubber Co. Ltd.		China (80%)
	Crane Environmental Inc.					Delaware
	Industrial Motion Control Holdings, LLC					Delaware (49%)
	Crane Fenghiu (Zhejiang) Pump Co. Ltd.					China (70%)
	Crane FSC Corporation					Barbados
	Crane Holdings C.V					Netherlands
		Crane Global Holdings S.L.				Spain
				Crane Australia Pty. Ltd.		Australia
					P.T. Crane Indonesia	Indonesia (51%)
				Crane Process Flow Technologies S.r.l.		Italy
				Crane Holdings (Germany) GmbH		Germany
					Crane Process Flow Technologies S.P.R.L.	Belgium
					Crane Process Flow Technologies GmbH	Germany
				Crane (Ningbo) Yong Xiang Valve Co. Ltd.		China (70%)
				Xomox Hungary Kft.		Hungary
				Xomox International GmbH & Co.		Germany
				Xomox Japan Ltd.		Japan
				Xomox Korea Ltd.		Korea
				Xomox Southeast Asia Pte Ltd.		Singapore
		Crane International Capital B.V.				Netherlands
	Crane Ltd.					England
		Crane Europe Ltd.				Scotland
		Crane Merchandising Systems Ltd.				England
		Crane Process Flow Technologies Ltd.				England
			Crane Process Flow Technologies (India) Ltd.			India
		ELDEC Electronics Ltd.				England
		Stockham Valve Ltd.				England
	Crane Nantong Company Ltd.					China (70%)
	Crane Pumps & Systems, Inc.					Delaware
		Barnes Pumps, Inc.				Ohio
		Barnes Pumps Canada, Inc.				Canada
	Dyrotech Industries, Inc.					Delaware
	ELDEC Corporation					Washington
		ELDEC France S.A.R.L.				France
	General Technology Corporation					New Mexico
	Hydro-Aire, Inc.					California
	Interpoint Corporation					Washington
		Interpoint GmbH				Germany
		Interpoint S.A.R.L.				France
		Interpoint U.K. Ltd.				England

Exhibit 21 to FORM 10-K (Continued)

		Interpoint Taiwan Corporation		Taiwan
	Kemlite Company, Inc.			Delaware
		Sequentia, Inc.		Ohio
		Lasco Material, Inc.		Delaware
		Lasco Panels, Inc.		Delaware
			Lasco Composites, LP	Delaware
	Kemlite Ltd.			England
	Mark Controls Corporation			Delaware
		Azonix Corporation		Massachusetts
		Barksdale, Inc.		Delaware
		Dynalco Controls Corporation		Delaware
		Barksdale Control Products GmbH		Germany
		Westad Industri A/S		Norway
		Powers Process Controls Ltd.		Canada
	Resistoflex (Asia) Pte., Ltd.			Singapore
		Resistoflex Sdn. Bhd.		Malaysia
		Kessel (Thailand) Pte., Ltd.		Thailand (49%)
	Resistoflex GmbH			Germany
	Xomox Corporation			Ohio
		Xomox A.G.		Switzerland
		Xomox Chihuahua S.A. de C.V.		México
		Fisher-Xomox Sanmar Ltd.		India (49%)
		Xomox Corporation de Venezuela C.A.		Venezuela
		Xomox France S.A.		France
		Flow Technology, Inc.		Ohio
Crane Nuclear, Inc.				Delaware
Crane Overseas LLC				Delaware
Streamware Corporation				Massachusetts