REGAL REXNORD CORP — Director's Dealing 2004

May 18, 2004

SEC Form 4/A — Form 4/A

Issuer: REGAL BELOIT CORP (RBC)
CIK: 0000082811
Period of Report: 2004-04-22

Reporting Person: KNUEPPEL HENRY W (Director, President/COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-04-22	Common Stock	A	1334	$20.3	Acquired	153470	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-04-22	Restricted Stock	$20.3	A	4000	Acquired	2007-04-22	Restricted Stock (4000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	83821	Indirect
Common Stock	222104	Indirect
Common Stock	1850	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Non-qualified stock option	$20.3	2014-04-22	Non-qualified stock option (36000)	36000	Direct
Non qualified stock option	$28.675	2008-01-23	Non qualified stock option (20000)	20000	Direct
Non qualified stock option	$23.25	2009-01-22	non qualified stock option (200000)	200000	Direct
Non qualified stock option	$16.38	2013-04-22	Non qualified stock option (40000)	40000	Direct

Footnotes

F1: An amendment to the Form 4 filed on 4/26/04 was incorrectly filed on 5/17/04 as a joint report. Please disregard that filing in its entirety.

F2: This transaction was previously reported incorrectly and should have been shown in Table II.

F3: Corrected number of shares.

F4: This transaction was previously reported incorrectly.

F5: Number of shares was previously reported as vesting over three years, which was incorrect.

F6: Shares become available each on 4/22/05 and 4/22/06.

F7: Option becomes exercisable in 10 equal annual installments.

F8: 20,000 shares become exercisable each on 4/22/04 and 4/22/05. (Number of shares was incorrectly reported as 50,000 on 4/26/04.)