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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,
 DaNxuGRC7k/5hiQYvQl3e2ofey7Ucj9OYQvJIVYTCE6ARIqlWGPkjQpxQHp8nrDa
 tDpM8qJaGWTVwkijlu4B4Q==

<SEC-DOCUMENT>0001005477-09-000399.txt : 20090202
<SEC-HEADER>0001005477-09-000399.hdr.sgml : 20090202
<ACCEPTANCE-DATETIME>20090202093801
ACCESSION NUMBER:		0001005477-09-000399
CONFORMED SUBMISSION TYPE:	5
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20090103
FILED AS OF DATE:		20090202
DATE AS OF CHANGE:		20090202

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			COLIP RANDY L
		CENTRAL INDEX KEY:			0001229993

	FILING VALUES:
		FORM TYPE:		5
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-07284
		FILM NUMBER:		09560112

	MAIL ADDRESS:	
		STREET 1:		5711 R S BOREHAM JR ST
		STREET 2:		P O BOX 2400
		CITY:			FORT SMITH
		STATE:			AR
		ZIP:			72902

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BALDOR ELECTRIC CO
		CENTRAL INDEX KEY:			0000009342
		STANDARD INDUSTRIAL CLASSIFICATION:	MOTORS & GENERATORS [3621]
		IRS NUMBER:				430168840
		STATE OF INCORPORATION:			MO
		FISCAL YEAR END:			1229

	BUSINESS ADDRESS:	
		STREET 1:		5711 R S BOREHAM JR ST
		STREET 2:		P O BOX 2400
		CITY:			FORT SMITH
		STATE:			AR
		ZIP:			72902-2400
		BUSINESS PHONE:		5016464711
</SEC-HEADER>
<DOCUMENT>
<TYPE>5
<SEQUENCE>1
<FILENAME>edgar123.xml
<DESCRIPTION>FORM 5
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0303</schemaVersion>

    <documentType>5</documentType>

    <periodOfReport>2009-01-03</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <form3HoldingsReported>0</form3HoldingsReported>

    <form4TransactionsReported>0</form4TransactionsReported>

    <issuer>
        <issuerCik>0000009342</issuerCik>
        <issuerName>BALDOR ELECTRIC CO</issuerName>
        <issuerTradingSymbol>BEZ</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001229993</rptOwnerCik>
            <rptOwnerName>COLIP RANDY L</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>5711 R S BOREHAM JR ST</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>FORT SMITH</rptOwnerCity>
            <rptOwnerState>AR</rptOwnerState>
            <rptOwnerZipCode>72901</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>EVP - Motor Sales</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>9997</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>7833</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>Qualified benefit plans</value>
                    <footnoteId id="F1"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">Shares held in qualified benefit plans.  Includes 10 shares acquired and 77 shares disposed thru 01/03/09.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>Randy L Colip</signatureName>
        <signatureDate>2009-02-02</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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