EXHIBIT 21



                           SUBSIDIARIES OF THE COMPANY

         The following is a list of the active subsidiaries of Vector as of
December 31, 2002, including the jurisdiction of incorporation of each and the
names under which such subsidiaries conduct business. In the case of each
subsidiary which is indented, its immediate parent owns beneficially all of the
voting securities, except New Valley Corporation of which VGR Holding Inc. and
New Valley Holdings, Inc. collectively owned approximately 57% of such voting
securities.



                                                              
VGR Holding Inc.                                                 Delaware
         Brooke Group Holding Inc.                               Delaware
                  Liggett Group Inc.                             Delaware
         New Valley Holdings, Inc.                               Delaware
                  New Valley Corporation                         Delaware
         Vector Tobacco Inc.                                     Delaware


         Not included above are other subsidiaries which, if considered in the
aggregate as a single subsidiary, would not constitute a significant subsidiary,
as such term is defined by Rule 1-02(w) of Regulation S-X.