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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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 aFaAM3soDfLfY0pibt6SeQ==

<SEC-DOCUMENT>0000082811-06-000058.txt : 20061002
<SEC-HEADER>0000082811-06-000058.hdr.sgml : 20061002
<ACCEPTANCE-DATETIME>20061002181139
ACCESSION NUMBER:		0000082811-06-000058
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20060922
FILED AS OF DATE:		20061002
DATE AS OF CHANGE:		20061002

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:			Jones Paul J
		CENTRAL INDEX KEY:			0001377122

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-07283
		FILM NUMBER:		061121782

	BUSINESS ADDRESS:	
		BUSINESS PHONE:		414-352-8525

	MAIL ADDRESS:	
		STREET 1:		7950 NORTH LAKE DRIVE
		CITY:			FOX POINT
		STATE:			WI
		ZIP:			53217
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>primary_doc.xml
<DESCRIPTION>PRIMARY DOCUMENT
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2006-09-22</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

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

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001377122</rptOwnerCik>
            <rptOwnerName>Jones Paul J</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>7950 NORTH LAKE DRIVE</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>FOX POINT</rptOwnerCity>
            <rptOwnerState>WI</rptOwnerState>
            <rptOwnerZipCode>53217</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>VP/General Counsel/Secretary</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>1250</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <derivativeTable>
        <derivativeHolding>
            <securityTitle>
                <value>SAR's</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>42.94</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <value>2008-09-11</value>
                <footnoteId id="F1"/>
            </exerciseDate>
            <expirationDate>
                <value>2016-09-11</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>SAR's</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>12000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">Issued as Stock Settled Appreciation Rights (SAR's), which vest equally over a five year period and will be fully vested on 9/11/11.  There is a two year waiting period for first exercise.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>Paul J. Jones</signatureName>
        <signatureDate>2006-10-02</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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