SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of
1934
Date of Report (Date of earliest event reported) April 5, 1997
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Baldor Electric Company
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(Exact name of registrant as specified in its charter)
Missouri 1-7284 43-0168840
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(State or other jurisdiction (Commission File (IRS Employer
of incorporation) Number) Identification No.)
5711 R.S. Boreham Jr., St., Fort Smith, Arkansas 72908
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code 501-646-4711
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(Former name or former address, if changed since last report.)
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Item 9. Sales of Equity Securities Pursuant to Regulation S.
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On April 5, 1997, Baldor Electric Company acquired all of
the outstanding shares of Optimised Control Ltd ("Optimised")
headquartered in Bristol England. Optimised designs and markets
an extensive line of motion control products with annual revenues
of about $ 7 million US, principally in the United Kingdom.
The acquisition of Optimised was effected with a combination
of cash and Baldor Common Stock. The shareholders of Optimised who
received Baldor Common Stock consisted of six British nationals
and an employee benefit trust created under the laws of the United
Kingdom. These Optimised shareholders were issued a total of
452,113 shares of Baldor Common Stock, $0.10 par value per share,
valued at approximately $25.00 per share. Baldor did not register
the Baldor Common Stock issued in this transaction with the
Securities and Exchange in reliance on Rule 901 et. seq.
(Regulation S) promulgated under the Securities Act of 1933.
The offering was made off-shore to non-citizens of the United
United States. Restrictions in the sale agreement preclude any of
the Baldor shares from being sold for a period in excess of that set
forth in Rule 903 of Regulation S. Each stock certificate represent-
ing the Baldor Common Stock issued to the Optimised shareholders
contains a legend restricting transfer during the restricted period.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act
of 1934, the Registrant has duly caused this report on Form 8-K
to be signed on its behalf by the undersigned hereunto duly
authorized.
BALDOR ELECTRIC COMPANY
By: /s/ Lloyd G. Davis
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Lloyd G. Davis
Chief Financial Officer
Date: April 18, 1997
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EXHIBIT INDEX
There are no exhibits filed herewith.
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