Exhibit 21

ESCALADE, INCORPORATED AND SUBSIDIARIESList of Subsidiaries at December 29, 2007

|                                               |  |                                                    |                       |                                                    |  |     |  
|---------------------------------------------- |  | -------------------------------------------------- | --------------------- | -------------------------------------------------- |  | --- | -
|                                               |  | State of Other 
  Jurisdiction of 
  Incorporation |                       | Percent of Voting 
  Securities Owned 
  by Parent
|                                               |  |                                                    |                       |                                                    | 
|Parent                                         |  |                                                    |                       |                                                    |  |     |  
|Escalade, Incorporated                         |  |                                                    | Indiana,
  USA        |                                                    |  |     |  
|                                               |  |                                                    |                       |                                                    |  |     |  
|Subsidiaries (1)                               |  |                                                    |                       |                                                    |  |     |  
|Indian Industries, Inc.                        |  |                                                    | Indiana,
  USA        |                                                    |  | 100 | %
|U.S. Weight, Inc.                              |  |                                                    | Illinois,
  USA       |                                                    |  | 100 | %
|Harvard Sports, Inc.                           |  |                                                    | California,
  USA     |                                                    |  | 100 | %
|Harvard California, S. DE R.L. C.V.            |  |                                                    | B.C.
  Mexico         |                                                    |  | 100 | %
|Bear Archery, Inc.                             |  |                                                    | Florida,
  USA        |                                                    |  | 100 | %
|Escalade Sports Playgrounds, Inc.              |  |                                                    | North
  Carolina, USA |                                                    |  | 100 | %
|Martin Yale Industries, Inc.                   |  |                                                    | Indiana,
  USA        |                                                    |  | 100 | %
|Productos Maestros de Oficiina,
  S.A. DE C.V. |  |                                                    | B.C.
  Mexico         |                                                    |  | 100 | %
|Schleicher & Co. America                       |  |                                                    | North
  Carolina, USA |                                                    |  | 100 | %
|Olympia Business Systems                       |  |                                                    | North
  Carolina, USA |                                                    |  | 100 | %
|Martin Yale International, GmbH                |  |                                                    | Germany               |                                                    |  | 100 | %
|Martin Yale International SARL                 |  |                                                    | France                |                                                    |  | 100 | %
|Martin Yale International Ltd                  |  |                                                    | England               |                                                    |  | 100 | %
|Taros Trading, GmbH                            |  |                                                    | Germany               |                                                    |  | 100 | %
|Desmar Seguridad Y Archivo, S.L.               |  |                                                    | Spain                 |                                                    |  | 100 | %
|Indian-Martin, Inc.                            |  |                                                    | Nevada,
  USA         |                                                    |  | 100 | %
|EIM Company, Inc.                              |  |                                                    | Nevada,
  USA         |                                                    |  | 100 | %
|SOP Services, Inc.                             |  |                                                    | Nevada,
  USA         |                                                    |  | 100 | %
|Escalade Insurance, Inc.                       |  |                                                    | Nevada,
  USA         |                                                    |  | 100 | %

(1) Each subsidiary company so
designated has been included in Consolidated Financial Statements for all
periods following its acquisition.  See
Notes to Consolidated Financial Statements.

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