Form: 10-K

Annual report pursuant to Section 13 and 15(d)

September 28, 2000

SUBSIDIARIES OF THE REGISTRANT

Published on September 28, 2000




EXHIBIT 21.01

Subsidiaries of the Company

LecTec International Corporation
Dissolved effective December 31, 1999

Incorporated in the state of Minnesota

Registered office: 10701 Red Circle Drive
Minnetonka, MN 55343

Corporate office: 55-11 Curacao Gade
P. O. Box 309420
Charlotte Amalie
St. Thomas, Virgin Islands 00803-9420

Records office: C/O Chase Trade, Inc.
55-11 Curacao Gade
P. O. Box 309420
Charlotte Amalie
St. Thomas, Virgin Islands 00803-9420