EXHIBIT 99.3

                WRITTEN STATEMENT OF THE CHIEF EXECUTIVE OFFICER

                          Pursuant to 18 U.S.C. [ ]1350

     Solely for the purposes of complying with 18 U.S.C. [ ]1350, I, the
undersigned Chairman and Chief Executive Officer of REGAL-BELOIT CORPORATION
(the "Company"), hereby certify, based on my knowledge, that the Annual Report
on Form 10-K of the Company for the year ended December 31, 2002 (the "Report")
fully complies with the requirements of Section 13(a) of the Securities Exchange
Act of 1934 and that information contained in the Report fairly presents, in all
material respects, the financial condition and results of operations of the
Company.


/s/ James L. Packard
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James L. Packard
Date March 10, 2003