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 de Mexico, S.A. de C.V.                           |  | Mexico             
|                                                         | 
|Baldor ASR AG                                            |  | Switzerland        
|                                                         | 
|Baldor ASR GmbH fur Antriebstechnik                      |  | Germany            
|                                                         | 
|Baldor ASR U.K. Limited                                  |  | United Kingdom     
|                                                         | 
|Baldor Italia S.r.l.                                     |  | Italy              
|                                                         | 
|Australian Baldor Pty Limited                            |  | 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           
|                                                         | 
|Reliance Electric Company Europe GmbH                    |  | Germany            
|                                                         | 
|Reliance Electric Company Canada ULC                     |  | Canada             
|                                                         | 
|Dodge de Mexico S.A. de C.V.                             |  | Mexico             
|                                                         | 
|Rockwell Automation Power Systems (Shanghai) Company LTD |  | China              
|                                                         | 
|REC Holding Inc.                                         |  | Delaware           
|                                                         | 
|Reliance Electric Technologies LLC                       |  | Delaware