Exhibit 21

BALDOR ELECTRIC COMPANY AND AFFILIATES

SUBSIDIARIES OF THE REGISTRANT



|                                                  |  |                    
|------------------------------------------------- |  | -------------------
|NAME OF SUBSIDIARIES                              |  | LOCATION           
|Baldor of Arkansas, Inc.                          |  | Arkansas           
|                                                  | 
|Baldor of Nevada, Inc.                            |  | Nevada             
|                                                  | 
|BEC Business Trust                                |  | Massachusetts      
|                                                  | 
|Baldor of Texas, L.P.                             |  | Texas              
|                                                  | 
|Baldor International, Inc.                        |  | U.S. Virgin Islands
|                                                  | 
|Southwestern Die Casting Company, Inc.            |  | Arkansas           
|                                                  | 
|Baldor UK Holdings, Inc.                          |  | Delaware           
|                                                  | 
|Baldor UK Ltd                                     |  | United Kingdom     
|                                                  | 
|Baldor Holdings, Inc.                             |  | Delaware           
|                                                  | 
|Baldor ASR AG                                     |  | Switzerland        
|                                                  | 
|Baldor Electric Company GmbH                      |  | Germany            
|                                                  | 
|Baldor ASR U.K. Limited                           |  | United Kingdom     
|                                                  | 
|Baldor Italia S.r.l.                              |  | Italy              
|                                                  | 
|Australia Baldor Pty Ltd                          |  | Australia          
|                                                  | 
|Baldor Electric (Asia) PTE, Ltd.                  |  | Singapore          
|                                                  | 
|Northern Magnetics, Inc.                          |  | California         
|                                                  | 
|Baldor Japan Corporation                          |  | Japan              
|                                                  | 
|Baldor Investments, LLC                           |  | Delaware           
|                                                  | 
|PowR Gard Generator Corp.                        |  | Wisconsin          
|                                                  | 
|Energy Dynamics, Inc.                             |  | Wisconsin          
|                                                  | 
|Baldor Power Finance, Inc.                        |  | Wisconsin          
|                                                  | 
|Baldor Electric India Pvt Ltd                     |  | India              
|                                                  | 
|Baldor Panama, S.A.                               |  | Panama             
|                                                  | 
|Reliance Electric Company                         |  | Delaware           
|                                                  | 
|Baldor Electric Canada, Inc.                      |  | Canada             
|                                                  | 
|Baldor Electric Company de Mexico S.A. de C.V.    |  | Mexico             
|                                                  | 
|Baldor Electric (Shanghai) Company LTD            |  | China              
|                                                  | 
|REC Holding Inc.                                  |  | Delaware           
|                                                  | 
|Reliance Electric Technologies LLC                |  | Delaware           
|                                                  | 
|Baldor Electric Company de Chile Ltda             |  | Chile              
|                                                  | 
|Baldor Canada Holdings, Inc.                      |  | Delaware           
|                                                  | 
|Maska Power Transmission (Changzhou) Company Ltd. |  | China