-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 HyzCgnk7Ue57Wk2LMMMpBiDk91xdFjJFLTHd9HXHWg9Z2C5AcEXvfzjF3+kCs0ZV
 qE0Ddy5NIekrzM+qgkmhXA==

<SEC-DOCUMENT>0000950138-03-000590.txt : 20031031
<SEC-HEADER>0000950138-03-000590.hdr.sgml : 20031031
<ACCEPTANCE-DATETIME>20031031132213
ACCESSION NUMBER:		0000950138-03-000590
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20031029
FILED AS OF DATE:		20031031

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			EMERSON ELECTRIC CO
		CENTRAL INDEX KEY:			0000032604
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTRONIC & OTHER ELECTRICAL EQUIPMENT (NO COMPUTER EQUIP) [3600]
		IRS NUMBER:				430259330
		STATE OF INCORPORATION:			MO
		FISCAL YEAR END:			0930

	BUSINESS ADDRESS:	
		STREET 1:		8000 W FLORISSANT AVE
		STREET 2:		P O BOX 4100
		CITY:			ST LOUIS
		STATE:			MO
		ZIP:			63136
		BUSINESS PHONE:		3145532000

	MAIL ADDRESS:	
		STREET 1:		8000 W. FLORISSANT
		STREET 2:		P.O. BOX 4100
		CITY:			ST LOUIS
		STATE:			MO
		ZIP:			63136

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	EMERSON ELECTRIC MANUFACTUING CO
		DATE OF NAME CHANGE:	19730710

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			PETERS CHARLES A
		CENTRAL INDEX KEY:			0001184739

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-00278
		FILM NUMBER:		03969165

	BUSINESS ADDRESS:	
		STREET 1:		C/O EMERSON ELECTRIC CO
		STREET 2:		8000 W FLORISSANT
		CITY:			ST LOUIS
		STATE:			MO
		ZIP:			63136
		BUSINESS PHONE:		3145533631

	MAIL ADDRESS:	
		STREET 1:		C/O EMERSON ELECTRIC CO
		STREET 2:		8000 W FLORISSANT
		CITY:			ST LOUIS
		STATE:			MO
		ZIP:			63136
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>form4_103103ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<!-- - EDGAR Ease Plus 1.0                                   07/25/03  TT    -->
<ownershipDocument>
    <schemaVersion>X0201</schemaVersion>

    <documentType>4</documentType>
   <periodOfReport>2003-10-29</periodOfReport>
   <notSubjectToSection16>0</notSubjectToSection16>
    <issuer>
        <issuerCik>0000032604</issuerCik>
        <issuerName>EMERSON ELECTRIC CO</issuerName>
        <issuerTradingSymbol>EMR</issuerTradingSymbol>
   </issuer>
   <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001184739</rptOwnerCik>
            <rptOwnerName>PETERS CHARLES A</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O EMERSON ELECTRIC CO</rptOwnerStreet1>
            <rptOwnerStreet2>8000 W FLORISSANT</rptOwnerStreet2>
            <rptOwnerCity>ST LOUIS</rptOwnerCity>
            <rptOwnerState>MO</rptOwnerState>
            <rptOwnerZipCode>63136</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
         <isDirector>1</isDirector>
         <isOfficer>1</isOfficer>
         <isTenPercentOwner>0</isTenPercentOwner>
         <isOther>0</isOther>
         <officerTitle>Sr. Executive Vice President</officerTitle>
      </reportingOwnerRelationship>
   </reportingOwner>
 <nonDerivativeTable>
   <nonDerivativeTransaction>
      <securityTitle>
         <value>Common Stock</value>
      </securityTitle>
      <transactionDate>
         <value>2003-10-29</value>
      </transactionDate>
      <transactionCoding>
         <transactionFormType>4</transactionFormType>
         <transactionCode>M</transactionCode>
         <equitySwapInvolved>0</equitySwapInvolved>
            <footnoteId id="F1"/>
      </transactionCoding>
      <transactionAmounts>
         <transactionShares>
           <value>8448</value>
            <footnoteId id="F1"/>
         </transactionShares>
         <transactionPricePerShare>
           <value>28.2813</value>
         </transactionPricePerShare>
         <transactionAcquiredDisposedCode>
           <value>A</value>
         </transactionAcquiredDisposedCode>
      </transactionAmounts>
      <postTransactionAmounts>
         <sharesOwnedFollowingTransaction>
           <value>123504</value>
         </sharesOwnedFollowingTransaction>
      </postTransactionAmounts>
      <ownershipNature>
         <directOrIndirectOwnership>
            <value>D</value>
         </directOrIndirectOwnership>
      </ownershipNature>
   </nonDerivativeTransaction>
   <nonDerivativeHolding>
      <securityTitle>
         <value>Common Stock</value>
      </securityTitle>
      <postTransactionAmounts>
         <sharesOwnedFollowingTransaction>
           <value>2477</value>
         </sharesOwnedFollowingTransaction>
      </postTransactionAmounts>
      <ownershipNature>
         <directOrIndirectOwnership>
            <value>I</value>
         </directOrIndirectOwnership>
         <natureOfOwnership>
            <value>401(k) plan</value>
         </natureOfOwnership>
      </ownershipNature>
   </nonDerivativeHolding>
   <nonDerivativeHolding>
      <securityTitle>
         <value>Common Stock</value>
      </securityTitle>
      <postTransactionAmounts>
         <sharesOwnedFollowingTransaction>
           <value>1755</value>
         </sharesOwnedFollowingTransaction>
      </postTransactionAmounts>
      <ownershipNature>
         <directOrIndirectOwnership>
            <value>I</value>
         </directOrIndirectOwnership>
         <natureOfOwnership>
            <value>401(k) excess plan</value>
         </natureOfOwnership>
      </ownershipNature>
   </nonDerivativeHolding>
 </nonDerivativeTable>
 <derivativeTable>
   <derivativeTransaction>
      <securityTitle>
         <value>Employee Stock Option (Right to Buy)</value>
      </securityTitle>
      <conversionOrExercisePrice>
         <value>28.2813</value>
      </conversionOrExercisePrice>
      <transactionDate>
         <value>2003-10-29</value>
      </transactionDate>
      <transactionCoding>
         <transactionFormType>4</transactionFormType>
         <transactionCode>M</transactionCode>
         <equitySwapInvolved>0</equitySwapInvolved>
            <footnoteId id="F1"/>
      </transactionCoding>
      <transactionAmounts>
         <transactionShares>
           <value>8448</value>
            <footnoteId id="F1"/>
         </transactionShares>
         <transactionPricePerShare>
            <footnoteId id="F3"/>
         </transactionPricePerShare>
         <transactionAcquiredDisposedCode>
           <value>D</value>
         </transactionAcquiredDisposedCode>
      </transactionAmounts>
      <exerciseDate>
         <value>1994-11-02</value>
            <footnoteId id="F2"/>
      </exerciseDate>
      <expirationDate>
         <value>2003-11-02</value>
      </expirationDate>
      <underlyingSecurity>
         <underlyingSecurityTitle>
           <value>Common Stock</value>
         </underlyingSecurityTitle>
         <underlyingSecurityShares>
           <value>8448</value>
         </underlyingSecurityShares>
      </underlyingSecurity>
      <postTransactionAmounts>
         <sharesOwnedFollowingTransaction>
           <value>0</value>
         </sharesOwnedFollowingTransaction>
      </postTransactionAmounts>
      <ownershipNature>
         <directOrIndirectOwnership>
           <value>D</value>
         </directOrIndirectOwnership>
      </ownershipNature>
   </derivativeTransaction>
 </derivativeTable>
   <footnotes>
      <footnote id="F1"> Exercise of incentive stock options exempt under Rule 16b-3.</footnote>

      <footnote id="F2"> The options vested in three annual installments beginning 11/2/1994.</footnote>

      <footnote id="F3"> Price is not applicable to stock options received as incentive compensation.</footnote>
   </footnotes>
   <ownerSignature>
      <signatureName>/s/ Harley M. Smith, Attorney-in-fact for Charles A. Peters</signatureName>
      <signatureDate>2003-10-31</signatureDate>
   </ownerSignature>
</ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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