A tool for removing and/or replacing bearings in situ is presented. The tool is comprised of a brace having a first end adapted to engage a first end of the bearing housing, and a second end adapted to engage a second end of the bearing housing. If the two ends of the bearing housing are different in configuration, then the respective ends of the brace are configured accordingly. An elongate guide member integral with the brace has two parts, each projecting endwise from a respective end of the brace. A removable pressure plate can be mounted on either part of the guide member for longitudinal movement therealong and has first and second ends of different configurations adapted to engage the first and second ends of the bearing. A threaded-type drive is cooperative between the guide and the pressure plate to move the pressure plate longitudinally along the guide and apply a force to the bearing, either to remove the bearing from its housing, or to emplace a new bearing in the housing