SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 19)*
Name of Issuer
BALDOR ELECTRIC COMPANY
Title of Class of Securities
COMMON STOCK
CUSIP Number
057741-10-0
* The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which
would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section
of the Act but shall be subject to all other provisions of the Act (however,
see the Notes).
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CUSIP No. 057741-10-0
1. Name of reporting persons: Fred C. Ballman
S.S. or I.R.S. identification no. of above persons: ###-##-####
2. Check the appropriate box if a member of a group
(See Instructions):
(a) __________
(b) __________
3. SEC use only: __________
4. Citizenship or place of organization: U.S. Citizen
Number of shares beneficially owned by each reporting person with (5-8):
5. Sole voting power: 8,640 shares
6. Shared voting power: 3,006,464 shares
7. Sole dispositive power: 8,640 shares
8. Shared dispositive power: 3,006,464 shares
9. Aggregate amount beneficially
owned by each reporting person: 3,015,104 shares
10. Check if the aggregate amount in row (9)
excludes certain shares (see instructions): ________
11. Percent of class represented by amount in row (9): 8.4%
12. Type of reporting person (see instructions): IN
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Item 1 (a) Name of issuer: Baldor Electric Company
(b) Address of issuer's
principal executive offices: 5711 R.S. Boreham, Jr. Street
Fort Smith, AR 72908
Item 2 (a) Name of person filing: Fred C. Ballman
(b) Address of principal business office,
if none, residence: P.O. Box 6638
Fort Smith, AR 72906
(c) Citizenship: United States
(d) Title of class of securities: Common Stock
(e) CUSIP number: 057741-10-0
Item 3 If this Statement is filed pursuant to Rules 13d-1(b), or 13d-2(b),
check whether the person filing is a:
(a) __________ Broker or Dealer registered under Section 15
of the Act.
(b) __________ Bank as defined in section 3(a)(6) of the Act.
(c) __________ Insurance Company as defined in section 3(a)
(19) of the Act.
(d) __________ Investment Company registered under section 8
of the Investment Company Act.
(e) __________ Investment Advisor registered under section
203 of the Investment Advisers Act of 1940.
(f) __________ Employee Benefit Plan, Pension Fund which is
subject to the provisions of the Employee
Retirement Income Security Act of 1974 or
Endowment Fund; see Sec. 240.13d-1(b)(1)(ii)
(F).
(g) __________ Parent Holding Company, in accordance with
Sec. 240.13d-1 (b)(ii)(G) (Note: See Item 7).
(h) __________ Group, in accordance with Sec. 240.13d-1(b)(1)
(ii)(H).
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Item 4 Ownership:
If the percent of the class owned, as of December 31 of the year
covered by the statement or as of the last day of any month
described in Rule 13d-1(b)(2), if applicable, exceeds five percent,
provide the following information as of that date and identify
those shares which there is a right to acquire.
(a) Amount Beneficially Owned: 3,015,104 shares
(b) Percent of Class: 8.4%
(c) Number of shares as to which such person has:
(i) sole power to vote or
to direct the vote: 8,640 shares
(ii) shared power to vote or
to direct the vote: 3,006,464 shares
(iii) sole power to dispose or
to direct the disposition of: 8,640 shares
(iv) shared power to dispose or
to direct the disposition of: 3,006,464 shares
Item 5 Ownership of five percent or less of a class: Not Applicable
Item 6 Ownership of more that five percent on behalf
of another person: Not Applicable
Item 7 Identification and classification of the
subsidiary which acquired the security
being reported on by the Parent Holding Company: Not Applicable
Item 8 Identification and classification of members
of the group: Not Applicable
Item 9 Notice of dissolution of group: Not Applicable
Item 10 Certification: Not Applicable
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete
and correct.
Date: February 9, 1998
Signature: / s / Frederick C. Ballman
Name: Frederick C. Ballman
Title: Director
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