SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 11-K/A
(AMENDMENT NO. 1)
CURRENT REPORT PURSUANT TO SECTION 15 (d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of Earliest Event Reported): June 29, 1999
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Commission file number 1-7283
A. Full title of the plan and the address of the plan, if different from that
of the issuer named below:
REGAL-BELOIT CORPORATION SAVINGS AND PROTECTION PLAN
B. Name of the issuer of the securities held pursuant to the plan and the
address of its principal executive office:
REGAL-BELOIT CORPORATION
200 STATE STREET
BELOIT, WI 53511
(608) 364-8800
<PAGE>
REQUIRED INFORMATION
Regal-Beloit Corporation Savings and Protection Plan ("Plan") is subject to the
Employee Retirement Income Security Act of 1974 ("ERISA"). Therefore, in lieu
of the requirements of Items 1-3 of Form 11-K, statement of net assets
available for plan benefits for the Plan of December 31, 1998 and 1997 and
the related statement of changes in net assets available for plan benefits
for the year ended December 31, 1998, which have been prepared in accordance
with the financial reporting requirements of ERISA, are attached hereto as
Appendix 1 and incorporated herein by this reference.
SIGNATURES
The Plan. Pursuant to the requirements of the Securities and Exchange Act of
1934, the trustees (or other persons who administer the employee benefit plan)
have duly cuased this annual report to be signed on its behalf by the
undersigned hereunto duly authorized.
REGAL-BELOIT CORPORATION SAVINGS AND PROTECTION PLAN
By: Regal-Beloit Corporation Savings and Protection Plan Administrative
Committee
Kenneth F. Kaplan
--------------------------- June 28, 1999
Kenneth F. Kaplan
Fritz Hollenbach
--------------------------- June 28, 1999
Fritz Hollenbach
2
<PAGE>
<TABLE>
<CAPTION>
REGAL-BELOIT CORPORATION
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SAVINGS AND PROTECTION PLAN
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STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR PLAN BENEFITS
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FOR THE YEAR ENDED DECEMBER 31, 1998
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Mar-
shall
Large- Mar- Equi-
M&I Cap Regal- shall Guaran- Equi- table
Stable Growth Beloit Inter- Strong teed table Equi- Agres-
and Company mediate Fidelity Oppor- Interest Common table sive Combined
Principal Income Stock Bond Balanced tunity Loan Account Stock Balanced Stock Plan
Fund Fund Fund Fund Fund Fund Fund Fund Fund Fund Fund Total
--------- ------- -------- ------- ------- -------- -------- --------- ------- -------- ------- --------
ADDITIONS TO
NET ASSETS
ATTRIBUTED TO:
Employer contri-
bution $ 28,645 $ 5,519 $ 20,586 $ 10,315 $ 11,116 $ 13,978 $ - $ - $ - $ - $ - $ 90,159
Employee contri-
butions 132,237 73,287 96,942 20,469 69,537 73,517 - 16,116 6,819 1,251 6,783 496,958
Net appre-
ciation (depre-
ciation) in fair
value of
investments 6,603 102,807 -104,911 -5,411 56,221 8,822 - 11,260 16,223 5,849 16,679 114,112
Interest and
dividend income 88,605 1,094 2,470 6,056 13,332 87 32,434 - - - - 144,888
--------- -------- -------- -------- -------- -------- -------- ---------- -------- -------- --------- ---------
Total additions 256,090 183,517 15,087 31,429 150,206 96,404 32,434 27,376 23,042 7,100 23,462 846,147
DEDUCTIONS
FROM NET
ASSETS ATTRI-
BUTED TO:
Benefits paid
to partici-
pants Admini- 114,533 7,863 10,422 27,293 20,630 20,182 17,713 2,145 638 110 605 222,134
strative
fees 7,620 1,930 2,329 539 1,752 2,127 - 1,579 381 136 164 18,557
--------- -------- -------- -------- -------- -------- -------- ---------- -------- -------- --------- ---------
Total
deductions 122,153 9,793 12,751 27,832 22,382 22,309 17,713 3,724 1,019 246 769 240,691
Net increase 133,937 173,724 2,336 3,597 127,824 74,095 14,721 23,652 22,023 6,854 22,693 605,426
TRANSFERS
BETWEEN FUNDS 1,626,432 450,580 480,203 111,619 402,716 426,517 -3,497 -2,080,072 -706,516 -193,609 -514,373 -
NET ASSETS
AVAILABLE
FOR PLAN
BENEFITS:
Beginning
of year - - - - - - 147,922 2,056,420 684,493 186,755 491,680 3,567,270
---------- -------- -------- -------- -------- -------- -------- ---------- -------- -------- -------- ----------
End of year $1,760,369 $624,304 $482,539 $115,216 $530,540 $500,612 $159,146 $ - $ - $ - $ - $4,172,726
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<FN>
The accompanying notes to financial statements are an integral part of this statement.
</FN>
</TABLE>
