Document:

EXHIBIT 4.4

                          FIRST AMENDMENT AGREEMENT

     This FIRST AMENDMENT AGREEMENT (this "Amendment") is made as of January
31, 2002, by and among THE TIMKEN COMPANY, an Ohio corporation ("Borrower"),
the banking institutions named in Schedule 1 to the Credit Agreement, as
hereinafter defined (collectively, "Banks" and, individually, "Bank"), and
KEYBANK NATIONAL ASSOCIATION, as administrative agent ("Agent"):

     WHEREAS, Borrower, Agent and the Banks are parties to a certain Credit
Agreement dated as of July 10, 1998, as the same may from time to time be
amended, restated or otherwise modified, which provides, among other things,
for loans aggregating Three Hundred Million Dollars ($300,000,000), all upon
certain terms and conditions ("Credit Agreement");

     WHEREAS, Borrower, Agent and the Banks desire to amend the Credit
Agreement to modify certain provisions thereof; and

     WHEREAS, each capitalized term used herein shall be defined in accordance
with the Credit Agreement;

     NOW, THEREFORE, in consideration of the premises and of the mutual
covenants herein and for other valuable considerations, Borrower, Agent and the
Banks agree as follows:

     1.   Article I of the Credit Agreement is hereby amended to delete the
definitions of "Applicable Facility Fee Rate", "Applicable Eurodollar Margin"
and "Consolidated Net Worth" therefrom and to insert in place thereof,
respectively, the following:

          "Applicable Facility Fee Rate" shall mean a rate based on the S&P
     Rating or the Moody's Rating, whichever is higher, as follows:

     S&P Rating             Moody's Rating     Applicable Facility Fee Rate

     A or higher            A2 or higher       10.0 Basis Points

     A-                     A3                 12.5 Basis Points

     BBB+                   Baa1               15.0 Basis Points

     BBB                    Baa2               17.5 Basis Points

     BBB- or less           Baa3               25.0 Basis Points

     Changes to the Applicable Facility Fee Rate shall be immediately effective
     upon a change in the Moody's Rating or the S&P Rating, as applicable;

     provided, however, that if at any time there shall be a difference between
     the Moody's Rating and the S&P Rating of greater than one rating, then the
     Applicable Facility Fee Rate then in effect shall be based upon the
     average of (a) the number of basis points as determined from the Moody's
     Rating, and (b) the number of basis points as determined from the S&P
     Rating.  The above matrix does not modify or waive, in any respect, the
     rights of the Banks to charge the Default Rate, or the rights and remedies
     of Agent and the Banks pursuant to Articles VII and VIII hereof.

          "Applicable Eurodollar Margin" shall mean a margin based on the S&P
     Rating or the Moody's Rating, whichever is higher, as follows:

                                                  Applicable
     S&P Rating            Moody's Rating      Eurodollar Margin

     A or higher           A2 or higher        25.0 Basis Points

     A-                    A3                  30.0 Basis Points

     BBB+                  Baa1                37.5 Basis Points

     BBB                   Baa2                52.5 Basis Points

     BBB- or less          Baa3                75.0 Basis Points

     Changes to the Applicable Eurodollar Margin shall be immediately effective
     upon a change in the Moody's Rating or the S&P Rating, as applicable;
     provided, however, that if at any time there shall be a difference between
     the Moody's Rating and the S&P Rating of greater than one rating, then the
     Applicable Eurodollar Margin then in effect shall be based upon the
     average of (a) the number of basis points as determined from the Moody's
     Rating, and (b) the number of basis points as determined from the S&P
     Rating.  The above matrix does not modify or waive, in any respect, the
     rights of the Banks to charge the Default Rate, or the rights and remedies
     of Agent and the Banks pursuant to Articles VII and VIII hereof.

          "Consolidated Net Worth" shall mean, at any date, the Consolidated
     net worth of Borrower and its Consolidated Subsidiaries, determined as of
     such date in accordance with GAAP; provided, however, that for purposes of
     calculating the leverage ratio pursuant to Section 5.6 of this Agreement,
     Borrower shall exclude from Consolidated net worth for Borrower's fiscal
     years 2001 and 2002 any adjustments made to Consolidated net worth as a
     result of the effects of FAS 87, provided that the cumulative amount of
     such adjustments for Borrower's fiscal years 2001 and 2002 may not exceed
     Two Hundred Thirty Million Dollars ($230,000,000).

                                       2

     2.   Schedule 1 of the Credit Agreement is hereby deleted with the
     attached "Schedule 1" to be inserted in place thereof.

     3.   Concurrently with the execution of this Amendment, Borrower shall:

          (a)  pay to Agent, for the pro rata benefit of each Bank that shall
     have executed this Amendment on or before 12:00 noon (Cleveland, Ohio
     time) on January 31, 2002 (an "Approving Bank"), in an amount equal to
     ten (10) basis points times the aggregate amount of the Revolving Credit
     Commitments of the Approving Banks; and

          (b)  pay all legal and other fees and expenses of Agent in connection
     with this Amendment.

     4.   Borrower hereby represents and warrants to Agent and the Banks that
     (a) Borrower has the legal power and authority to execute and deliver this
     Amendment; (b) the officers executing this Amendment on behalf of Borrower
     have been duly authorized to execute and deliver the same and bind
     Borrower with respect to the provisions hereof; (c) the execution and
     delivery hereof by Borrower and the performance and observance by Borrower
     of the provisions hereof do not violate or conflict with the
     organizational agreements of Borrower or any law applicable to Borrower or
     result in a breach of any provision of or constitute a default under any
     other agreement, instrument or document binding upon or enforceable
     against Borrower; (d) no Unmatured Event of Default or Event of Default
     exists under the Credit Agreement, nor will any occur immediately after
     the execution and delivery of this Amendment or by the performance or
     observance of any provision hereof; (e) neither Borrower nor any
     Subsidiary has any claim or offset against, or defense or counterclaim
     to, any of Borrower's obligations or liabilities under the Credit
     Agreement or any Related Writing; and (f) this Amendment constitutes a
     valid and binding obligation of Borrower in every respect, enforceable
     in accordance with its terms.

     5.   Each reference that is made in the Credit Agreement or any other
     writing to the Credit Agreement shall hereafter be construed as a
     reference to the Credit Agreement as amended hereby.  Except as herein
     otherwise specifically provided, all provisions of the Credit Agreement
     shall remain in full force and effect and be unaffected hereby.

     6.   Borrower hereby waives and releases Agent and each of the Banks and
     their respective directors, officers, employees, attorneys, affiliates and
     subsidiaries from any and all claims, offsets, defenses and counterclaims
     of which Borrower is aware, such waiver and release being with full
     knowledge and understanding of the circumstances and effect thereof and
     after having consulted legal counsel with respect thereto.

     7.   This Amendment may be executed in any number of counterparts, by
     different parties hereto in separate counterparts and by facsimile
     signature, each of which when so executed and delivered shall be deemed
     to be an original and all of which taken together shall constitute but
     one and the same agreement.

                                       3

     8.   The rights and obligations of all parties hereto shall be governed by
     the laws of the State of Ohio, without regard to principles of conflicts
     of laws.

                   [Remainder of page intentionally left blank.]

                                       4

     9.   JURY TRIAL WAIVER. BORROWER, AGENT AND EACH OF THE BANKS HEREBY WAIVE
     ANY RIGHT TO HAVE A JURY PARTICIPATE IN RESOLVING ANY DISPUTE, WHETHER
     SOUNDING IN CONTRACT, TORT OR OTHERWISE, AMONG BORROWER, AGENT AND THE
     BANKS, OR ANY THEREOF, ARISING OUT OF, IN CONNECTION WITH, RELATED TO, OR
     INCIDENTAL TO THE RELATIONSHIP ESTABLISHED AMONG THEM IN CONNECTION WITH
     THIS AGREEMENT OR ANY NOTE OR OTHER INSTRUMENT, DOCUMENT OR AGREEMENT
     EXECUTED OR DELIVERED IN CONNECTION HEREWITH OR THE TRANSACTIONS RELATED
     THERETO.

                                 THE TIMKEN COMPANY

                                 By:    /s/ G. E. Little
                                 Name:      G. E. Little
                                 Title:     Senior V.P. - Finance

                                 KEYBANK NATIONAL ASSOCIATION,
                                     as Agent and as a Bank

                                 By:    /s/ Marianne T. Meil
                                 Name:      Marianne T. Meil
                                 Title:     Vice President

                                 THE BANK OF NEW YORK

                                 By:    /s/ Kenneth R. McDonnell
                                 Name:      Kenneth R. McDonnell
                                 Title:     AVP

                                 BANK ONE, N.A.

                                 By:    /s/ Glenn A. Currin
                                 Name:      Glenn A. Currin
                                 Title:     Director

                                 MELLON BANK, N.A.

                                 By:    /s/ Janis Pinsky
                                 Name:      Janis Pinsky
                                 Title:     Assistant Vice President

                                       5

                                 HSBC BANK USA

                                 By:    /s/ Christopher M. Samms
                                 Name:      Christopher M. Samms
                                 Title:     First Vice President, Officer #9426

                                 BANK OF AMERICA, N.A.
                                 By:    /s/ Thomas R. Durham
                                 Name:      Thomas R. Durham
                                 Title:     Managing Director

                                 NORTHERN TRUST COMPANY

                                 By:    /s/ Roger McDougal
                                 Name:      Roger McDougal
                                 Title:     Second Vice President

                                 REVOLVING COMMITMENT VEHICLE
                                         CORPORATION

                                 By:    JPMorgan Chase, as Attorney-in-Fact
                                 for, REVOLVING COMMITMENT VEHICLE
                                 CORPORATION
                                 By:    /s/ David Weintrob
                                 Name:      David Weintrob
                                 Title:     Vice President

                                 SAN PAOLO IMI S.p.A.

                                 By:    /s/ Luca Sacchi
                                 Name:      Luca Sacchi
                                 Title:     Vice President

                                 By:    /s/ Carlo Persico
                                 Name:      Carlo Persico
                                            General Manager

                                 UNITED NATIONAL BANK AND TRUST

                                 By:    /s/ Leo E. Doyle
                                 Name:      Leo E. Doyle
                                 Title:     Executive Vice President

                                       6

                                  SCHEDULE 1

                                       COMMITMENT         MAXIMUM
        BANKING INSTITUTIONS           PERCENTAGE          AMOUNT
    ____________________________       __________        __________
    KeyBank National Association         19.2899%     $  57,869,338
    Bank One, N.A.                       17.9644%     $  53,893,332
    HSBC Bank USA (formerly               8.9822%     $  26,946,666
    Marine Midland Bank)
    Mellon Bank, N.A.                     8.9822%     $  26,946,666
    Bank of America, N.A.                 8.9822%     $  26,946,666
    (formerly NationsBank,N.A.)
    Northern Trust Company                8.9822%     $  26,946,666
    Revolving Commitment Vehicle          8.9822%     $  26,946,666
    Corporation
    The Bank of New York                  8.0840%     $  24,252,000
    San Paolo IMI S.p.A. (formerly        8.0840%     $  24,252,000
    Istituto Bancario San Paolo di
    Torino Spa)
    United National Bank and Trust        1.6667%     $   5,000,000
                                          _______
    Total Commitment Amount               100.00%     $ 300,000,000

10744809v9

                                       7EXHIBIT 10.30

                                THE TIMKEN COMPANY

                            Restricted Shares Agreement

     WHEREAS, Glenn A. Eisenberg ("Grantee") is an employee of The Timken
Company (the "Company"); and

     WHEREAS, the grant of restricted shares evidenced hereby was authorized
by a resolution of the Compensation Committee (the "Committee") of the Board of
Directors (the "Board") of the Company that was duly adopted on December 19,
2001, and the execution of a restricted shares agreement in the form hereof was
authorized by a resolution of the Committee duly adopted on such date.

     NOW, THEREFORE, pursuant to the Company's Long-term Incentive Plan (as
Amended and Restated as of December 16, 1999) (the "Plan") and subject to the
terms and conditions thereof and the terms and conditions hereinafter set
forth, the Company hereby grants to Grantee, effective January 10, 2002 (the
"Date of Grant") the right to receive 50,000 shares of the Company's common
stock without par value (the "Common Shares").

       1.   Rights of Grantee.  The Common Shares subject to this grant shall
            be fully paid and nonassessable and shall be represented by a
            certificate or certificates registered in Grantee's name and
            endorsed with an appropriate legend referring to the restrictions
            hereinafter set forth.  Grantee shall have all the rights of a
            shareholder with respect to such shares, including the right to
            vote the shares and receive all dividends paid thereon, provided
            that such shares, and any additional shares that Grantee may become
            entitled to receive by virtue of a share dividend, a merger or
            reorganization in which the Company is the surviving corporation or
            any other change in the capital structure of the Company, shall be
            subject to the restrictions hereinafter set forth.

       2.   Restrictions on Transfer of Common Shares.  The Common Shares
            subject to this grant may not be assigned, exchanged, pledged,
            sold, transferred or otherwise disposed of by Grantee, except to
            the Company, until the Common Shares have become nonforfeitable
            in accordance with Section 3 hereof; provided, however, that
            Grantee's rights with respect to such Common Shares may be
            transferred by will or pursuant to the laws of descent and
            distribution.  Any purported transfer in violation of the
            provisions of this Section 2 shall be null and void, and the
            purported transferee shall obtain no rights with respect to such
            shares.

     3.   Vesting of Common Shares.

          (a) Subject to the terms and conditions of Sections 3(b), 3(c) and 4
              hereof, Grantee's right to receive the Common Shares covered by
              this agreement shall become nonforfeitable to the extent of 6,000
              of the Common Shares covered by this agreement after Grantee

CL: 520453v2

              shall have been in the continuous employ of the Company or a
              subsidiary for one full year from the Date of Grant and to the
              extent of an additional 6,000 thereof after each of the next
              three successive years thereafter and 26,000 thereof in the
              fifth year during which Grantee shall have been in the continuous
              employ of the Company or a subsidiary.  For purposes of this
              agreement, "subsidiary" shall mean a corporation, partnership,
              joint venture, unincorporated association or other entity in
              which the Company has a direct or indirect ownership or other
              equity interest.  For purposes of this agreement, the continuous
              employment of Grantee with the Company or a subsidiary shall not
              be deemed to have been interrupted, and Grantee shall not be
              deemed to have ceased to be an employee of the Company or a
              subsidiary, by reason of the transfer of his employment among
              the Company and its subsidiaries.

          (b) Notwithstanding the provisions of Section 3(a) hereof, Grantee's
              right to receive the Common Shares covered by this agreement
              shall become nonforfeitable, if the Company should terminate
              Grantee's employment without cause or if Grantee should die or
              become permanently disabled while in the employ of the Company
              or any subsidiary, or if Grantee should retire with the Company's
              consent.  For purposes of this agreement, retirement "with the
              Company's consent" shall mean: (i) the retirement of Grantee
              prior to age 62 under a retirement plan of the Company or a
              subsidiary, if the Board or the Committee determines that his
              retirement is for the convenience of the Company or a subsidiary,
              or (ii) the retirement of Grantee at or after age 62 under a
              retirement plan of the Company or a subsidiary.  For purposes of
              this agreement, "permanently disabled" shall mean that Grantee
              has qualified for disability benefits under a disability plan or
              program of the Company or, in the absence of a disability plan or
              program of the Company, under a government-sponsored disability
              program.  For purposes of this Agreement, "cause" shall refer to
              termination of employment by the Company in reliance on a
              material act or omission of Grantee.

          (c) Notwithstanding the provisions of Section 3(a)  hereof, Grantee's
              right to receive the Common Shares covered by this agreement
              shall become nonforfeitable upon any change in control of the
              Company that shall occur while Grantee is an employee of the
              Company or a subsidiary.  For the purposes of this agreement, the
              term "change in control" shall mean the occurrence of any of the
              following events:

              (i)  The acquisition by any individual, entity or group (within
                   the meaning of Section 13(d)(3) or 14(d)(2) of the
                   Securities Exchange Act of 1934) (a "Person") of beneficial
                   ownership (within the meaning of Rule 13d-3 promulgated
                   under the Securities Exchange Act of 1934) of 30% or more
                   of either:  (A) the then-outstanding Common Shares or
                   (B) the combined voting power of the then-outstanding voting
                   securities of the Company entitled to vote generally in the
                   election of directors ("Voting Shares"); provided, however,
                   that for purposes of this subsection (i), the following

                                       2

                   acquisitions shall not constitute a change in control:
                   (1) any acquisition directly from the Company, (2) any
                   acquisition by the Company, (3) any acquisition by any
                   employee benefit plan (or related trust) sponsored or
                   maintained by the Company or any Subsidiary, or (4) any
                   acquisition by any Person pursuant to a transaction which
                   complies with clauses (A), (B) and (C) of subsection (i)
                   of this Section 3(c); or

              (ii) Individuals who, as of the date hereof, constitute the Board
                   (the "Incumbent Board") cease for any reason (other than
                   death or disability) to constitute at least a majority of
                   the Board; provided, however, that any individual becoming a
                   director subsequent to the date hereof whose election, or
                   nomination for election by the Company's shareholders, was
                   approved by a vote of at least a majority of the directors
                   then comprising the Incumbent Board (either by a specific
                   vote or by approval of the proxy statement of the Company in
                   which such person is named as a nominee for director,
                   without objection to such nomination) shall be considered as
                   though such individual were a member of the Incumbent Board,
                   but excluding for this purpose, any such individual whose
                   initial assumption of office occurs as a result of an actual
                   or threatened election contest (within the meaning of Rule
                   14a-11 of the Securities Exchange Act of 1934) with respect
                   to the election or removal of directors or other actual or
                   threatened solicitation of proxies or consents by or on
                   behalf of a Person other than the Board; or

              (iii)Consummation of a reorganization, merger or consolidation or
                   sale or other disposition of all or substantially all of the
                   assets of the Company (a "Business Combination"), in each
                   case, unless, following such Business Combination, (A) all
                   or substantially all of the individuals and entities who
                   were the beneficial owners, respectively, of the Common
                   Shares and Voting Shares immediately prior to such Business
                   Combination beneficially own, directly or indirectly, more
                   than 66-2/3% of, respectively, the then-outstanding shares
                   of common stock and the combined voting power of the then-
                   outstanding voting securities entitled to vote generally in
                   the election of directors, as the case may be, of the entity
                   resulting from such Business Combination (including, without
                   limitation, an entity which as a result of such transaction
                   owns the Company or all or substantially all of the
                   Company's assets either directly or through one or more
                   subsidiaries) in substantially the same proportions relative
                   to each other as their ownership, immediately prior to such
                   Business Combination, of the Common Shares and Voting Shares
                   of the Company, as the case may be, (B) no Person (excluding
                   any entity resulting from such Business Combination or any
                   employee benefit plan (or related trust) sponsored or
                   maintained by the Company or such entity resulting from such
                   Business Combination) beneficially owns, directly or
                   indirectly, 30% or more of, respectively, the then-
                   outstanding shares of common stock of the entity resulting
                   from such Business Combination, or the combined voting power
                   of the then-outstanding voting securities of such

                                       3

                   corporation except to the extent that such ownership existed
                   prior to the Business Combination, and (C) at least a
                   majority of the members of the board of directors of the
                   corporation resulting from such Business Combination were
                   members of the Incumbent Board at the time of the execution
                   of the initial agreement, or of the action of the Board,
                   providing for such Business Combination; or

              (iv) Approval by the shareholders of the Company of a complete
                   liquidation or dissolution of the Company.

     4.   Forfeiture of Awards.  Grantee's right to receive the Common Shares
          covered by this agreement that are then forfeitable shall be
          forfeited automatically and without further notice on the date that
          Grantee ceases to be an employee of the Company or a subsidiary prior
          to the fifth anniversary of the Date of Grant for any reason other
          than as described in Section 3(b).  In the event that Grantee shall
          intentionally commit an act that the Committee determines to be
          materially adverse to the interests of the Company or a subsidiary,
          Grantee's right to receive the Common Shares covered by this
          agreement shall be forfeited at the time of that determination
          notwithstanding any other provision of this agreement.

     5.   Retention of Certificates.  During the period in which the
          restrictions on transfer and risk of forfeiture provided in Sections
          2 and 4 above are in effect, the certificates representing the Common
          Shares covered by this grant shall be retained by the Company,
          together with the accompanying stock power signed by Grantee and
          endorsed in blank.

     6.   Compliance with Law.  The Company shall make reasonable efforts to
          comply with all applicable federal and state securities laws;
          provided, however, notwithstanding any other provision of this
          agreement, the Company shall not be obligated to issue any of the
          Common Shares covered by this agreement if the issuance thereof would
          result in violation of any such law.  To the extent that the Ohio
          Securities Act shall be applicable to this agreement, the Company
          shall not be obligated to issue any of the Common Shares or other
          securities covered by this agreement unless such Common Shares are
          (a) exempt from registration thereunder, (b) the subject of a
          transaction that is exempt from compliance therewith, (c) registered
          by description or qualification thereunder or (d) the subject of a
          transaction that shall have been registered by description
          thereunder.

     7.   Adjustments.  The Committee shall make any adjustments in the number
          or kind of shares of stock or other securities covered by this
          agreement that the Committee may determine to be equitably required
          to prevent any dilution or expansion of Grantee's rights under this
          agreement that otherwise would result from any (a) stock dividend,
          stock split, combination of shares, recapitalization or other change
          in the capital structure of the Company, (b) merger, consolidation,
          separation, reorganization or partial or complete liquidation
          involving the Company or (c) other transaction or event having an

                                       4

          effect similar to any of those referred to in Section 7(a) or 7(b)
          hereof.  Furthermore, in the event that any transaction or event
          described or referred to in the immediately preceding sentence shall
          occur, the Committee may provide in substitution of any or all of
          Grantee's rights under this agreement such alternative consideration
          as the Committee may determine in good faith to be equitable under
          the circumstances.

     8.   Withholding Taxes.  If the Company shall be required to withhold any
          federal, state, local or foreign tax in connection with any issuance
          of the Common Shares or other securities covered by this agreement,
          Grantee shall pay the tax or make provisions that are satisfactory to
          the Company for the payment thereof.

     9.   Right to Terminate Employment.  No provision of this agreement shall
          limit in any way whatsoever any right that the Company or a
          subsidiary may otherwise have to terminate the employment of Grantee
          at any time.

    10.   Relation to Other Benefits.  Any economic or other benefit to Grantee
          under this agreement or the Plan shall not be taken into account in
          determining any benefits to which Grantee may be entitled under any
          profit-sharing, retirement or other benefit or compensation plan
          maintained by the Company or a subsidiary and shall not affect the
          amount of any life insurance coverage available to any beneficiary
          under any life insurance plan covering employees of the Company or a
          subsidiary.

    11.   Amendments.  Any amendment to the Plan shall be deemed to be an
          amendment to this agreement to the extent that the amendment is
          applicable hereto; provided, however, that no amendment shall
          adversely affect the rights of Grantee with respect to the Common
          Shares or other securities covered by this agreement without
          Grantee's consent.

    12.   Severability.  In the event that one or more of the provisions of
          this agreement shall be invalidated for any reason by a court of
          competent jurisdiction, any provision so invalidated shall be deemed
          to be separable from the other provisions hereof, and the remaining
          provisions hereof shall continue to be valid and fully
          enforceable.

    13.   Governing Law.  This agreement is made under, and shall be construed
          in accordance with, the internal substantive laws of the State of
          Ohio.

                                       5

    This agreement is executed by the Company on this 10th day of January,
    2002.

                                  The Timken Company

                                  By  /s/ W.R. Burkhart
                                      ___________________________________
                                      W. R. Burkhart, Sr. Vice President &
                                      General Counsel

    The undersigned Grantee hereby acknowledges receipt of an executed original
of this agreement and accepts the right to receive the Common Shares or other
securities covered hereby, subject to the terms and conditions of the Plan and
the terms and conditions herein above set forth.

                                             /s/ Glenn A. Eisenberg
                                             _________________________________

                                                          Grantee

                                             Date: January 10, 2002
                                                   ___________________________

                                       6

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