REGAL REXNORD CORP — Director's Dealing 2006

Mar 7, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: REGAL BELOIT CORP (RBC)
CIK: 0000082811
Period of Report: 2006-03-06

Reporting Person: PACKARD JAMES L (Director, Executive Chairman)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-03-06	Cash Bonus Right	$36.01	A	50000	Acquired	2006-12-29	Common Stock (50000)	Direct

Footnotes

F1: The cash bonus right is equal to 50,000 times the share price increase from the closing price of the Issuer's stock on January 26, 2006 to the closing price on December 29, 2006, but will be a cash bonus and will not be paid out in shares of common stock.