EXHIBIT 21.1



                              LIST OF SUBSIDIARIES


Subsidiary of ACG Holdings, Inc.:                        State of Incorporation:
---------------------------------                        -----------------------

American Color Graphics, Inc.                            New York


Subsidiaries of American Color Graphics, Inc.:
----------------------------------------------

Sullivan Marketing, Inc.                                 Delaware
American Images of North America, Inc.                   New York
Sullivan Media Corporation                               Delaware



© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission