REGAL REXNORD CORP — Director's Dealing 2004

Apr 27, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: MAPES CHRISTOPHER L (Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-04-22	common stock	A	700	$20.3	Acquired	700	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-04-22	Restricted Stock	$20.3	A	1400	Acquired	2006-04-22	Restricted Stock (1400)	Direct
2004-04-22	non qualified stock option	$20.3	A	18250	Acquired	2014-04-22	non qualified stock option (18250)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
non qualified stock option	$19.2	2013-01-31	non qualified stock option (25000)	25000	Direct

Footnotes

F1: Restricted stock awarded on 4/22/04

F2: 700 shares of restricted stock to be awarded each on 4/22/05 and 4/22/06

F3: Option becomes exercisable in two annual installments beginning on 4/22/06

F4: Option becomes exercisable in five annual installments beginning on 1/31/06