Exhibit 10.7

EMERSON ELECTRIC CO.
EXTRA SALARY PROGRAM
[Annual Incentive Plan]
Fiscal Year 20– –

I. Deferral Election: (Only U.S. paid participants are eligible to defer)

I hereby elect my Extra Salary Award under the Emerson Electric Co. Extra Salary Program be paid to me as follows:

        % Payment

A. In the month of November 20--;

B. In the month of January 20-- (complete Section II);

C. Specific future year (indicate year payment is to be made) ___________ (complete Section II), or;

D. Upon my retirement or termination of employment,

Note: (you must be at Emerson or a subsidiary on the normal payment date or if you choose "B" above, on January 15 following the fiscal year); whichever occurs first (complete Section II).

II. Change of Control (All participants may elect)

In the event of a Change of Control as defined in the Plan, I hereby elect to receive any payment due under the Plan as follows: (check either A or B)

A. Upon the Change of Control in a single lump sum; or

B. Upon termination of Employment occurring after a Change of Control, in the form of: (check either 1 or 2)

(1)   ______  a lump sum distribution; or

(2)   ______  in substantially equal installments not exceeding ten years.

Date Signature

Print or Type Name

Corporate

Return Form to: ---------------------------
Emerson Electric Co.
8000 W. Florissant Ave.
St. Louis, MO 63136