EXHIBIT 21

SUBSIDIARIES OF THE REGISTRANT

     The Registrant, Champion Industries, Inc., a West Virginia corporation, does business under the trade name “Chapman Printing Company”. Its wholly owned subsidiaries are:

1.	The Chapman Printing Company, Inc., a West Virginia corporation.
2.	Stationers, Inc., a West Virginia corporation (doing business in Ohio as “Garrison Brewer”).
3.	Bourque Printing, Inc., a Louisiana corporation.
4.	Dallas Printing Company, Inc., a Mississippi corporation.
5.	Carolina Cut Sheets, Inc., a West Virginia corporation.
6.	U.S. Tag & Ticket Company, Inc., a Maryland corporation.
7.	Donihe Graphics, Inc., a Tennessee corporation.
8.	Smith & Butterfield Co., Inc., an Indiana corporation.
9.	The Merten Company, an Ohio corporation.
10.	Interform Corporation, a Pennsylvania corporation.
11.	CHMP Leasing, Inc., a West Virginia corporation.
12.	Blue Ridge Printing Co., Inc., a North Carolina corporation.
13.	Rose City Press, a West Virginia corporation
14.	Capitol Business Equipment, Inc., a West Virginia corporation
15.	Thompson’s of Morgantown, Inc., a West Virginia corporation
16.	Independent Printing Service, Inc., an Indiana corporation
17.	Diez Business Machines, Inc., a Louisiana corporation
18.	Transdata Systems, Inc., a Louisiana corporation