<DOCUMENT>
<TYPE>EX-21
<SEQUENCE>5
<FILENAME>ex21.txt
<DESCRIPTION>EXHIBIT 21
<TEXT>
<PAGE>


                                                                      EXHIBIT 21
                                                                      ----------

                              List of Subsidiaries
                              --------------------

                                                                       %
NAME                                       JURISDICTION            OWNERSHIP
----                                       ------------            ---------
Entertainment Technology Corporation         PA                      100%
ETC International Corporation                Barbados                100%
ETC-PZL Aerospace Industries                 Poland                   95%
ETC-Europe                                   Great Britain            99%
ETC-Delaware                                 Delaware                100%


</TEXT>
</DOCUMENT>