There is provided a rolling slide member coming in contact with a mating member in a rolling or sliding manner, wherein a plurality of grooves having an inclination of 0 to 30 degree and a groove depth of 0.5 to 15 .mu.m are formed in a circumferential direction at the time of grinding a contact surface with the mating member. In the contact surface, the axial surface waviness is set to 0.1 or more in the filtered centerline waviness (WCA) and the axial surface roughness is set to 0.7 or more in the ten-point height of roughness profile (Rz) by the grooves 26.