In 2005, the Board of Directors amended The Black & Decker Supplemental Executive Retirement Plan ("SERP") to allow existing participants to elect to receive their benefits under the SERP in five equal annual installments if the participant begins receiving benefits before his or her 65th birthday or in the form of a lump sum payment if the participant begins receiving benefits after his or her 65th birthday. On July 16, 2009, the Board of Directors approved an amendment to the SERP allowing newly designated participants in the SERP to elect this accelerated payment method. Lump sum payments under the SERP are calculated as an actuarial equivalent based upon a 4.5% discount rate and, for mortality, the 1994 Group Annuity Reserving Table.

The Board of Directors also designated Stephen F. Reeves, Senior Vice President and Chief Financial Officer, a participant in the SERP. The following table reflects the number of years of credited service and the present value of the accumulated benefit under the SERP, The Black & Decker Supplemental Pension Plan, and the tax-qualified plan for Mr. Reeves as of December 31, 2008:

                          Number of Years   Present Value of
Plan Name                 Credited Service Accumulated Benefit

SERP                           13.58                $1,343,677
Supplemental Pension Plan                              302,815
Pension Plan                                           176,339

Total                                               $1,822,831

The amount of the present value of accumulated benefit shown above was calculated using the following assumptions:

· Mr. Reeves' continued employment at his current compensation until his normal retirement date at age 60;

· a 6.75% discount rate;
· no mortality is assumed before retirement, and the RP2000 Combined Healthy table is used after retirement; and

· the payment of benefits under the SERP and the Supplemental Pension Plan in five equal annual installments.

Exhibit 99 The Black & Decker Supplemental Executive Retirement Plan, as amended and restated.

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

By: /s/ CHARLES E. FENTON
Charles E. Fenton
Senior Vice President and General Counsel

Date: July 20, 2009