REGAL REXNORD CORP — Director's Dealing 2004

Apr 26, 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: HOLLENBACH FRITZ (Vice Press.-Adminstration & HR)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-04-24	Common Stock	A	467	$20.3	Acquired	2467	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-04-22	Restricted Stock	$20.3	A	932	Acquired	2006-04-22	Restricted Stock (932)	Direct
1994-08-01	Incentive Stock Option	$13.87	A	6000	Acquired	2004-08-01	Common Stock (6000)	Direct
1996-01-26	Incentive Stock Option	$19.5	A	10000	Acquired	2006-01-26	Common Stock (10000)	Direct
1999-01-22	Non-qualified Stock Options	$23.25	A	15000	Acquired	2009-01-22	Non-qualified stock option (15000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3249	Indirect

Footnotes

F1: Represents 467 shares of restricted stock awarded on 4/22/04.

F2: Represents balance of restricted stock awarded on 4/22/04; i.e., 466 shares become available on 4/22/05 and 466 shares become available on 4/22/06

F3: Option becomes exercisable in ten (10) equal installments.