BALDOR ELECTRIC CO
11-K, 1994-06-29
MOTORS & GENERATORS
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                                  FORM 11-K


                      SECURITIES AND EXCHANGE COMMISSION


                           Washington, D. C. 20549



(Mark One)

[X]  ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES
     EXCHANGE ACT OF 1934

     For the fiscal year ended       December 31, 1993       

[  ] TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES
     EXCHANGE ACT OF 1934

     For the transition period from                 to                

Commission file number      1-7284     


A.  Full title of the plan and the address of the plan, if different from 
    that of the issuer named below:

         BALDOR ELECTRIC COMPANY
         EMPLOYEES' PROFIT SHARING AND SAVINGS PLAN

         c/o Baldor Benefits Advisory Committee
         5711 R. S. Boreham, Jr Street
         Fort Smith, Arkansas 72901


B.  Name of issuer of the securities held pursuant to the plan and the address
    of its principal executive office:

         Baldor Electric Company
         5711 R.S. Boreham, Jr Street
         Fort Smith, Arkansas 72901




















<PAGE>
Pursuant to Rule 311(c)of Regulation S-T, the Baldor Electric Company Employees'
Profit Sharing and Savings Plan financial statements and schedules which are 
prepared in accordance with the financial reporting requirements of ERISA has
been filed in paper format under cover of Form SE.





























































<PAGE>
                                 SIGNATURES





Pursuant to the requirements of the Securities Exchange Act of 1934, the Baldor
Electric Company Benefits Advisory Committee has duly caused this annual report 
to be signed on its behalf by the undersigned hereunto duly authorized.


                                BALDOR ELECTRIC COMPANY
                                EMPLOYEE'S PROFIT SHARING AND SAVINGS PLAN



Date:      June 28, 1994        By:    /s/  Lloyd G. Davis                     
                                       Lloyd G. Davis
                                       Member, Benefits Advisory Committee














































<PAGE>
                                EXHIBIT INDEX


Exhibit
Number  

  1    Consent of Independent Auditors filed herewith.






















































<PAGE>

                               EXHIBIT 1


                     CONSENT OF INDEPENDENT AUDITORS

We consent to the incorporation by reference in the Registration Statement (Form
S-8 No. 33-28239) pertaining to the Baldor Electric Company Employee Savings
Plan of our report dated June 1, 1994, with respect to the financial
statements of the Baldor Electric Company Employees' Profit Sharing and Savings
Plan included in this Annual Report (Form 11-K) for the year ended December 31,
1993.

                            Ernst & Young

St. Louis, Missouri
June 27, 1994















































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