Exhibit 21 ACE HARDWARE CORPORATION LIST OF SUBSIDIARIES STATE/COUNTRY		 NAME UNDER WHICH SUBSIDIARY				 OF INCORPORATION	 SUBSIDIARY DOES BUSINESS - ---------- ---------------- ------------------------ Ace Insurance Agency, Inc.		 Illinois 			 Ace Insurance Agency, Inc. AHC Realty Corporation			 Illinois		 AHC Realty Corporation Loss Prevention Services, Inc.		Illinois		 Loss Prevention Services, Inc. A.H.C. Store Development Corp.		Illinois 	A.H.C. Store Development Corp. Ace Hardware Canada Limited		 Canada		 Ace Hardware Canada Limited National Hardlines Supply, Illinois National Hardlines Supply, Inc. Inc. Ace Hardware de Mexico, S.A. Mexico		 Ace Hardware de Mexico, de C.V. S.A. de C.V. Ace Hardware Foundation		 Illinois			 Ace Hardware Foundation New Age Insurance Ltd.			 Bermuda		 New Age Insurance Ltd. Ace Hardware International, Barbados		 Ace Hardware International, Inc. Inc. Ace Corporate Stores, Inc.		 Illinois			 Ace Corporate Stores, Inc.