REGAL REXNORD CORP — Director's Dealing 2004

Apr 23, 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: GRAFF STEPHEN N (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-04-22	Non-qualified stock options	$20.3	A	20000	Acquired	2014-04-14	Non-qualified stock option (20000)	Direct

Footnotes

F1: Four thousand (4000) shares are immediately exercisable and four thousand (4000) shares become exercisable on the date of the Corporation's Annual Shareholders Meeting in each of the next four years as long as the Director remains in office.