REGAL REXNORD CORP — Director's Dealing 2006

May 11, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: REGAL BELOIT CORP (RBC)
CIK: 0000082811
Period of Report: 2006-05-11

Reporting Person: EISENREICH DAVID L (Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-05-11	Common Stock	M	15000	$21.438	Acquired	20829.026	Direct
2006-05-11	Common Stock	S	15000	$53	Disposed	5829.026	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-05-11	Non-qualified stock option	$21.438	M	15000	Acquired	2009-12-01	Common Stock (15000)	Direct

Footnotes

F1: 5829.026 shares are held in the Company's Personal Savings Plan.

F2: Option granted on 12/1/99 became exerisable in five equal annual installments.