Abstract: A shaft speed and hot bearing indicating apparatus is described having a transducer actuating means mounted on the shaft immediately adjacent the supporting bearing for actuating an electrical transducer to produce an electrical pulse as the transducer actuating means is rotated during each revolution of the shaft. The transducer pulse is processed by an electronic mechanism for multiplying the transducer pulse by sixty by a phase-locked loop network and then counting the number of multiplied pulses occurring during each one second of time interval in a BCD counting mechanism. The total count is displayed each second on a decimal digital display. The apparatus also has means for activating an alarm when the sensed speed falls below a preset speed. The transducer activating means is responsive to the temperature of the bearing and is rendered ineffective when a preset temperature is reached.