KLAMATH FIRST BANCORP INC
10-K, EX-21, 2000-12-29
SAVINGS INSTITUTION, FEDERALLY CHARTERED
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                                   EXHIBIT 21

                          Subsidiary of the Registrant

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                                   Exhibit 21

                            Subsidiary of Registrant





                                      Percentage                 Jurisdiction or
Subsidiary (1)                          Owned             State of Incorporation

Klamath First Federal Savings
  and Loan Association                   100%                      United States



(1)  The  operations of the Company's  subsidiary  are included in the Company's
     consolidated financial statements.



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