<PAGE>

                                                               Exhibit 10.36

               SUPPLEMENT NO. 1 dated as of August 8, 1997 to the Security 
           Agreement dated as of June 23, 1997, among ROLLER BEARING COMPANY 
           OF AMERICA, INC., a Delaware corporation (the "Borrower"), each 
           subsidiary of the Borrower listed on Schedule I thereto (each such 
           subsidiary individually a "Guarantor" and collectively, the 
           "Guarantors"; the Guarantors and the Borrower are referred to 
           collectively herein as the "Grantors") and CREDIT SUISSE FIRST 
           BOSTON, a bank organized under the law of Switzerland, acting 
           through its New York branch, as collateral agent (in such 
           capacity, the "Collateral Agent") for the Secured Parties (as 
           defined herein).

      A. Reference is made to (a) the Credit Agreement dated as of June 23, 
1997 (as amended, supplemented or otherwise modified from time to time, the 
"Credit Agreement"), among the Borrower, the lenders from time to time party 
thereto (the "Lenders"), Credit Suisse First Boston, as administrative agent 
for the Lenders (in such capacity, the "Administrative Agent"), Collateral 
Agent and as issuing bank (in such capacity, the "Issuing Bank") and (b) the 
Guarantee Agreement dated as of June 23, 1997 (as amended, supplemented or 
otherwise modified from time to time, the "Guarantee Agreement'), among the 
Guarantors and the Collateral Agent.

      B. Capitalized terms used herein and not otherwise defined herein shall 
have the meanings assigned to such terms in the Security Agreement and the 
Credit Agreement.

      C. The Grantors have entered into the Security Agreement in order to 
induce the Lenders to make Loans and the Issuing Bank to issue Letters of 
Credit. Section 7.15 of Security Agreement provides that additional 
Subsidiaries of the Borrower may become Grantors under the Security Agreement 
by execution and delivery of an instrument in the form of this Supplement. 
The undersigned Subsidiary (the "New Grantor") is executing this Supplement 
in accordance with the requirements of the Credit Agreement to become a 
Grantor under the Security Agreement in order to induce the Lenders to make 
additional Loans and Issuing Bank to issue additional Letters of Credit and 
as consideration for Loans previously made and Letters of Credit previously 
issued.

      Accordingly, the Collateral Agent and the New Grantor agree as follows:

      SECTION 1. In accordance with Section 7.15 of the Security Agreement, 
the New Grantor by its signature below becomes a Grantor under the Security 
Agreement with the same force and effect as if originally named therein as a 
Grantor and the New Grantor hereby (a) agrees to all the terms and provisions 
of the Security Agreement applicable to it as a Grantor thereunder and (b) 
represents and warrants that the representations and warranties made by it as 
a Grantor thereunder are true and correct on and as of the date hereof. In 
furtherance of the foregoing, the New Grantor, as security for the payment 
and performance in full of the Obligations (as defined in the Security 
Agreement), does hereby create and grant to the Collateral Agent, its 
successors and assigns, for the benefit of the Secured Parties, their 
successors and assigns, a security interest in and lien on all of the New 
Grantor's right, title and interest in and to the Collateral (as defined in 
the Security Agreement) of The New Grantor. Each reference to a "Grantor" in 
the Security Agreement shall be deemed to include the New Grantor. The 
Security Agreement is hereby incorporated herein by reference.

      SECTION 2. The New Grantor represents and warrants to the Collateral 
Agent and the other Secured Parties that this Supplement has been duly 
authorized, executed and delivered by it and constitutes its legal, valid and 
binding obligation, enforceable against to in accordance with its terms.

      SECTION 3. This Supplement may be executed in counterparts (and by 
different parties hereto on different counterparts), each of which shall 
constitute an original, but all of which when taken together shall constitute 
a single contract. This Supplement shall become effective when the Collateral 
Agent shall have received counterparts of this Supplement that, when taken 
together, bear the signatures of the New Grantor and the Collateral Agent. 
Delivery of an executed signature page to this Supplement by facsimile 
transmission shall be as effective as delivery of a manually signed 
counterpart of this Supplement. 


<PAGE>

      SECTION 4. The New Grantor hereby represents and warrants that (a) set 
forth on Schedule I attached hereto is a true and correct schedule of the 
location of any and all Collateral of the New Grantor and (b) set forth under 
its signature hereto, is the true and correct location of the chief executive 
office of the New Grantor.

      SECTION 5. Except as expressly supplemented hereby, the Security 
Agreement shall remain in full force and effect.

      SECTION 6. THIS SUPPLEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN 
ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

      SECTION 7. In case any one or more of the provisions contained in this 
Supplement should be held invalid, illegal or unenforceable in any respect, 
the validity, legality and enforceability of the remaining provisions 
contained herein and in the Security Agreement shall not in any way be 
affected or impaired thereby (it being understood that the invalidity of a 
particular provision in a particular jurisdiction shall not in and of itself 
affect the validity of such provision in any other jurisdiction). The parties 
hereto shall endeavor in good-faith negotiations to replace the invalid, 
illegal or unenforceable provisions with valid provisions the economic 
effect of which comes as close as possible to that of the invalid, illegal 
or unenforceable provisions.

      SECTION 8. All communications and notices hereunder shall be in writing 
and given as provided in Section 7.01 of the Security Agreement. All 
communications and notices hereunder to the New Grantor shall be given to it 
at the address set forth under its signature below.

      SECTION 9. The New Grantor agrees to reimburse the Collateral Agent for 
its reasonable out-of-pocket expenses in connection with this Supplement, 
including the reasonable fees, other charges and disbursements of counsel for 
the Collateral Agent.

<PAGE>

      IN WITNESS WHEREOF, the New Grantor and the Collateral Agent have duly 
executed this Supplement to the Security Agreement as of the day and year 
first above written.


                                       BREMEN BEARINGS, INC.,

                                         by /s/ Michael S. Gostomski
                                           ------------------------------------

                                           Name:  Michael S. Gostomski
                                           Title: Executive Vice President
                                           Address: c/o 60 Round Hill Road
                                                    Fairfield, CT  06430



                                       CREDIT SUISSE FIRST BOSTON, as 
                                       Collateral Agent,

                                         by /s/ Ira Lubinsky
                                           ------------------------------------

                                           Name:  Ira Lubinsky
                                           Title: Vice President


                                         by /s/ Julia P. Kingsbury
                                            -----------------------------------

                                            Name:  Julia P. Kingsbury
                                            Title: Assistant Vice President

<PAGE>


                     LOCATION OF COLLATERAL                       SCHEDULE I
                                                  to Supplement No. 1 to the
                                                          Security Agreement


<TABLE>
<CAPTION>


Description                                 Location
-----------                                 --------
<S>                                         <C>

All types                                   1343 West Plymouth Street
                                            Route 6 West
                                            Bremen, IN 46506

Accounts, Documents                         60 Round Hill Road
Instruments & General Intangibles           Fairfield, CT 06430

</TABLE>