SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 21)*
Name of Issuer
BALDOR ELECTRIC COMPANY
Title of Class of Securities
COMMON STOCK
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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: Frederick 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: 5,400 shares
6. Shared voting power: 3,020,504 shares
7. Sole dispositive power: 5,400 shares
8. Shared dispositive power: 3,020,504 shares
9. Aggregate amount beneficially
owned by each reporting person: 3,025,904 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): 8.5%
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: Frederick 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,
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: 3,025,904 shares
(b) Percent of Class: 8.5%
(c) Number of shares as to which such person has:
(i) sole power to vote or
to direct the vote: 5,400 shares
(ii) shared power to vote or
to direct the vote: 3,020,504 shares
(iii) sole power to dispose or
to direct the disposition of: 5,400, shares
(iv) shared power to dispose or
to direct the disposition of: 3,020,504 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 6, 2000
Signature: /s/ Frederick C. Ballman
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Name: Frederick C. Ballman
Title: Director
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