More good baiting advice to add on to what Thane said...

Sweet Stuff, bears are irresistable to sweet stuff
Maple Syrup
Cheap dog food to mix in with the pastries.
Grease!!! A good 5GL bucket of grease from your local Wendy's, McD's, etc., a week. Not only do the bears like to eat it when it thickens up, but if you dump it out onto the ground around your bait stand then the bear(s) will track it throughout the woods, and hopefully other bears will pick up on the scent trail and follow it back to your stand.

The honey burn is a good scent bait like Thane said, and can easily be made out of a coffee can and smaller can. I know alot of people who use the canister burners as the source of heat.

Other scent baits include, syrup, bacon grease, and vanilla (both pure vanilla in a squirt bottle and the automobile vanilla scent that you can find it the auto center at Wally World...just squirt it up in the air every so often.) another good method is to make your own scent trail with a rag and whatever type of scent you choose. Just pour it on to the rag, tie the rag off to a string, and tie the string to your ankle.

Another important factor is to have a good setup at your stand. If you are using a drum, build a crib around it, so that the bear will be drawn into the bait by one direction. Bears are like humans and will take an easy route when opportunity exists, therefore they won't step over the miniature wall you have established. Also, lots of people have the mentality that you have to have a drum to bait. Not true, dig a hole into the ground at a 45 degree angle, bait the bottom, and cover the whole up with small logs to keep smaller critters out. Also, if you use the drum, do the same by covering the hole. Make sure you use a sturdy chain with your drum.

After setting up your drum or hole, mark off a nearby tree next to your drum with flagging tape about 3'-4'. A good Arkansas bear should measure that tall on all fours. This will assist in being selective on your hunt.

Lastly, I would either invest in a small timer that is set off by tripping the string, get yourself one of those fancy game-trakkers or go to Jesse's Hunting page and investing $80 to make your own camera/timer. Bears will generally come into your bait stand during the same time. This will help you out in the long run.

Good luck, and be ready for some hard work.

Jim