Exhibit 21.1

List of Subsidiaries

Subsidiaries of	State or Other Jurisdiction of	Names Under Which Such
the Registrant	Incorporation or Organization	Subsidiaries Do Business
Accessory Design Group, Inc.	A Delaware Corporation	Accessory Design Group, Inc.
		Accessory Design Group
TBAC—Prince Gardner, Inc.	A Delaware Corporation	TBAC—Prince Gardner, Inc.
		Prince Gardner
H.A. Sheldon Canada, Ltd.	A Canadian Corporation	1088258 Ontario, Inc.
		H.A. Sheldon Canada Ltd.
Amity/Rolfs, Inc.	A Delaware Corporation	Amity/Rolfs, Inc.
TBAC General Management Company	A Nevada Corporation	TBAC General Management Company
TBAC Investments, Inc.	A Nevada Corporation	TBAC Investments, Inc.
TBAC Investment Trust	A Pennsylvania Business Trust	TBAC Investment Trust
TBAC Management Company, L.P.	A Delaware Limited Partnership	TBAC Management Company, L.P.
Tandy Brands Accessories Handbags, Inc.	A Delaware Corporation	Tandy Brands Accessories
		Handbags, Inc.
Stagg Industries, Inc.	An Alabama Corporation	Stagg Industries, Inc.
TBAC — Torel, Inc.	A Delaware Corporation	TBAC — Torel, Inc.
TBAC — Mass Merchant Quality Control, Inc.	A Delaware Corporation	TBAC — Mass Merchant Quality Control, Inc.
Superior Merchandise Company	A Louisiana Corporation	Superior Merchandise
		ETON
TBAC — Acquisition, Inc.	A Delaware Corporation	TBAC — Acquisition, Inc.