<DOCUMENT>
<TYPE>EX-21
<SEQUENCE>16
<FILENAME>v12276_ex-21.txt
<TEXT>
<TABLE>
<CAPTION>


                                                                                EXHIBIT 21.

                           SUBSIDIARIES OF NATIONAL LAMPOON, INC.

------------------------------- ------------------------- ---------------------------------
       Name of Subsidiary          State of Incorporation              Business Name
------------------------------- ------------------------- ---------------------------------
<S>                             <C>                       <C>
National Lampoon Networks, Inc.           Delaware               National Lampoon Networks
------------------------------- ------------------------- ---------------------------------
  National Lampoon Tours, Inc.           California                National Lampoon Tours
------------------------------- ------------------------- ---------------------------------

</TABLE>


</TEXT>
</DOCUMENT>