<SUBMISSION>
<ACCESSION-NUMBER>0000950147-02-000267
<TYPE>SC 13G/A
<PUBLIC-DOCUMENT-COUNT>1
<FILING-DATE>20020214
<FILED-BY>
<COMPANY-DATA>
<CONFORMED-NAME>WATSON STEPHEN T
<CIK>0001056881
<ASSIGNED-SIC>0000
<STATE-OF-INCORPORATION>NY
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>SC 13G/A
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>315 POST RD WEST
<CITY>WESTPORT
<STATE>CT
<ZIP>06881
<PHONE>2032228560
</BUSINESS-ADDRESS>
</FILED-BY>
<SUBJECT-COMPANY>
<COMPANY-DATA>
<CONFORMED-NAME>GENERAL BEARING CORP
<CIK>0001026221
<ASSIGNED-SIC>3562
<IRS-NUMBER>132796245
<STATE-OF-INCORPORATION>DE
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>SC 13G/A
<ACT>34
<FILE-NUMBER>005-59685
<FILM-NUMBER>02550070
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>44 HIGH ST
<CITY>WEST NYWACK
<STATE>NY
<ZIP>10994
<PHONE>9143586000
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>C/O GENERAL BEARING CORP
<STREET2>44 HIGH ST
<CITY>WEST NYACK
<STATE>NY
<ZIP>10994
</MAIL-ADDRESS>
</SUBJECT-COMPANY>
<DOCUMENT>
<TYPE>SC 13G/A
<SEQUENCE>1
<FILENAME>e-8131.txt
<DESCRIPTION>SC 13G/A FOR GENERAL BEARING
<TEXT>
                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON D.C. 20549

                                 SCHEDULE 13G/A
                               (AMENDMENT NO. 1)

                    UNDER THE SECURITIES EXCHANGE ACT OF 1934


                          GENERAL BEARING CORPORATION
                        ---------------------------------
                                (Name of Issuer)


                         COMMON STOCK, $.001 PAR VALUE
                         ------------------------------
                         (Title of Class of Securities)


                                   369147103
                                 --------------
                                 (CUSIP Number)

                               December 31, 2001
             -------------------------------------------------------
             (Date of Event Which Requires Filing of this Statement)

     Check the  appropriate  box to  designate  the rule  pursuant to which this
Schedule is filed:

     [ ]   Rule 13d-1(b)

     [X]   Rule 13d-1(c)

     [ ]   Rule 13d-1(d)

The  remainder of this  cover page shall be filled out for a reporting  person's
initial filing on this form with respect to the subject class of securities, and
for any  subsequent  amendment  containing  information  which  would  alter the
disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the  Securities  Exchange  Act of
1934 ("Act") or otherwise  subject to the liabilities of that section of the Act
but  shall be  subject  to all other  provisions  of the Act  (however,  see the
Notes).
<PAGE>
                                 SCHEDULE 13G
----------------------                                         -----------------
CUSIP NO. 369147103                                            Page 2 of 5 Pages
----------------------                                         -----------------

1  NAMES OF REPORTING PERSONS
   S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS

   Stephen Watson
   -----------------------------------------------------------------------------
2  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                  (a) [ ]
                                                                      (b) [ ]
   -----------------------------------------------------------------------------
3  SEC USE ONLY

   -----------------------------------------------------------------------------
4  CITIZENSHIP OR PLACE OF ORGANIZATION

   United States
   -----------------------------------------------------------------------------
                 5  SOLE VOTING POWER
                    0
    NUMBER OF       ------------------------------------------------------------
     SHARES      6  SHARED VOTING POWER
   BENEFICIALLY     0
    OWNED BY        ------------------------------------------------------------
      EACH       7  SOLE DISPOSITIVE POWER
    REPORTING       0
     PERSON         ------------------------------------------------------------
      WITH       8  SHARED DISPOSITIVE POWER
                    0
                    ------------------------------------------------------------
9  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

   0
   ----------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]


   -----------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

   0
   -----------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*

   IN
   -----------------------------------------------------------------------------
<PAGE>
----------------------                                         -----------------
CUSIP NO. 369147103              SCHEDULE 13G                  Page 3 of 5 Pages
----------------------                                         -----------------

ITEM 1(a) NAME OF ISSUER:

     General Bearing Corporation

ITEM 1(b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:

     44 High Street
     West Nyack, NY 10994

ITEM 2(a) NAME OF PERSON FILING:

     Stephen Watson

ITEM 2(b) ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:

     237 Park Avenue, Suite 801
     New York, NY 10017

ITEM 2(c) CITIZENSHIP:

     United States

ITEM 2(d) TITLE OF CLASS OF SECURITIES:

     Common Stock, $.001 par value

ITEM 2(e) CUSIP NUMBER:

     369147103

ITEM 3.   IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(B) OR 13D-2(B),
          CHECK WHETHER THE PERSON FILING IS A:

     (a)  [ ] Broker or Dealer registered under section 15 of the Act,

     (b)  [ ] Bank as defined in section 3(a)(6) of the Act,

     (c)  [ ] Insurance Company as defined in section 3(a)(19) of the Act,

     (d)  [ ] Investment  Company  registered  under Section 8 of the Investment
              Company Act of 1940,

     (e)  [ ] An investment adviser in accordance withss.240.13d-1(b)(1)(ii)(E),


     (f)  [ ] An  employee  benefit  plan  or  endowment  fund  in  accordance
              with ss.240.13d-1(b)(1)(ii)(F),
<PAGE>
----------------------                                         -----------------
CUSIP NO. 369147103              SCHEDULE 13G                  Page 4 of 5 Pages
----------------------                                         -----------------

     (g)  [ ] A  parent  holding  company  or  control  person  in  accordance
              with ss.240.13d-1(b)(1)(ii)(G),

     (h)  [ ] A savings  association  as defined in Section  3(b) of the Federal
              Deposit Insurance Act,

     (i)  [ ] A church plan that is excluded from the definition of an
              investment company under section 3(c)(14) of the Investment
              Company Act of 1940,

     (j)  [ ] A group, in accordance withss.13d-1(b)(1)(ii)(J).

     If this statement is filed pursuant toss.240.13d-1(c), check this box [X].

ITEM 4.  OWNERSHIP.

At December 31, 2001, the Reporting Person owned the following:

     (a) Amount beneficially owned:

         -0-

     (b) Percent of class:

         -0-

     (c) Number of shares as to which such person has:
         (i)   Sole power to vote or to direct the vote:  -0-
         (ii)  Shared power to vote or to direct the vote:  -0-
         (iii) Sole power to dispose or to direct the disposition of: -0-
         (iv)  Shared power to dispose or to direct the disposition of:  -0-

ITEM 5.  OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.

     If this  statement  is being  filed to report  the fact that as of the date
hereof the reporting  person has ceased to be the beneficial  owner of more than
five percent of the class of securities, check the following [X].

ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.

     Not applicable.
<PAGE>
----------------------                                         -----------------
CUSIP NO. 369147103              SCHEDULE 13G                  Page 5 of 5 Pages
----------------------                                         -----------------

ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
        SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY.

     Not applicable.

ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.

     Not applicable.

ITEM 9. NOTICE OF DISSOLUTION OF GROUP.

     Not applicable.

ITEM 10. CERTIFICATION.

     By signing  below I certify  that,  to the best of my knowledge and belief,
the  securities  referred  to above were not  acquired  and are not held for the
purpose of or with the effect of  changing  or  influencing  the  control of the
issuer of the  securities  and were not acquired and are not held in  connection
with or as a participant in any transaction having that purposes or effect.

                                   SIGNATURE.

After  reasonable  inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and correct.

                                            February 14, 2002
                                            -------------------------
                                                  (Date)

                                            /s/ Stephen Watson
                                            ------------------
                                                (Signature)

                                            Stephen Watson
                                            -------------------------
                                               (Name/Title)

</TEXT>
</DOCUMENT>
</SUBMISSION>
