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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 Gxeqn3OhlDLGZGKsOITtpwE8GdcUGfvG5ryb4+g8p833OLtRas3jiiN8utlZCHNq
 woJJHJFhXJ+RNgyck3ysIw==

<SEC-DOCUMENT>0000082811-04-000014.txt : 20040213
<SEC-HEADER>0000082811-04-000014.hdr.sgml : 20040213
<ACCEPTANCE-DATETIME>20040213125517
ACCESSION NUMBER:		0000082811-04-000014
CONFORMED SUBMISSION TYPE:	5
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20031231
FILED AS OF DATE:		20040213

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			REGAL BELOIT CORP
		CENTRAL INDEX KEY:			0000082811
		STANDARD INDUSTRIAL CLASSIFICATION:	MOTORS & GENERATORS [3621]
		IRS NUMBER:				390875718
		STATE OF INCORPORATION:			WI
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		200 STATE ST
		CITY:			BELOIT
		STATE:			WI
		ZIP:			53511
		BUSINESS PHONE:		6083648800

	MAIL ADDRESS:	
		STREET 1:		200 STATE STREET
		CITY:			BELOIT
		STATE:			WI
		ZIP:			53511-6254

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BELOIT TOOL CORP
		DATE OF NAME CHANGE:	19730522

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	RECORD A PUNCH CORP
		DATE OF NAME CHANGE:	19690320

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			ELDRED JOHN M
		CENTRAL INDEX KEY:			0001210932

	FILING VALUES:
		FORM TYPE:		5
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-07283
		FILM NUMBER:		04596663

	BUSINESS ADDRESS:	
		STREET 1:		200 STATE STREET
		CITY:			BELOIT
		STATE:			WI
		ZIP:			53511
		BUSINESS PHONE:		6083648800

	MAIL ADDRESS:	
		STREET 1:		200 STATE STREET
		CITY:			BELOIT
		STATE:			WI
		ZIP:			53511
</SEC-HEADER>
<DOCUMENT>
<TYPE>5
<SEQUENCE>1
<FILENAME>primary_doc.xml
<DESCRIPTION>PRIMARY DOCUMENT
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0201</schemaVersion>

    <documentType>5</documentType>

    <periodOfReport>2003-12-31</periodOfReport>

    <notSubjectToSection16>1</notSubjectToSection16>

    <form3HoldingsReported>0</form3HoldingsReported>

    <form4TransactionsReported>0</form4TransactionsReported>

    <issuer>
        <issuerCik>0000082811</issuerCik>
        <issuerName>REGAL BELOIT CORP</issuerName>
        <issuerTradingSymbol>RBC</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001210932</rptOwnerCik>
            <rptOwnerName>ELDRED JOHN M</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>200 STATE STREET</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>BELOIT</rptOwnerCity>
            <rptOwnerState>WI</rptOwnerState>
            <rptOwnerZipCode>53511</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>1</isOther>
            <otherText>Retired Director</otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <ownerSignature>
        <signatureName>John M. Eldred</signatureName>
        <signatureDate>2003-12-31</signatureDate>
    </ownerSignature>
</ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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