Abstract: The disclosed invention relates to a combination temperature and failure indicating probe for use in a bearing. In the preferred embodiment, a negative coefficient thermistor is disposed within a tubular, electrically conductive, enclosure. The enclosure is surrounded by an electrically insulating sleeve for mounting within a bearing. Electrical conductors connected to the thermistor and to the enclosure itself lead to a resistance sensor which detects an abnormal resistance due to either:1. an excess temperature at the bearing; or2. contact by a metallic portion of the bearing with the enclosure due to bearing wear or failure.