Emerson Electric (EMR) 10-Q 2001 Q2 Quarterly report

                                                                   EXHIBIT 12

EMERSON ELECTRIC CO. AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in millions)

 Six Months   
Ended     
March 31,   

	1996(b)	1997(b)	1998(b)	1999(b)	2000(b)	2001
Earnings:  Income before   income taxes (a)  Fixed charges	$1,611.3     182.2	1,821.7    176.5	2,002.3    218.2	2,064.0    258.1	2,212.9    359.5	1,108.8    196.4
Earnings, as defined	$1,793.5	1,998.2	2,220.5	2,322.1	2,572.4	1,305.2
Fixed Charges:  Interest expense  One-third of   all rents	$  132.3      49.9	124.2     52.3	161.4     56.8	199.0     59.1	292.4     67.1	162.9     33.5
Total fixed charges	$  182.2	176.5	218.2	258.1	359.5	196.4
Ratio of Earnings  to Fixed Charges	9.8x	11.3x	10.2x	9.0x	7.2x	6.6x

(a) Represents income before income taxes and minority interests in the income of consolidated subsidiaries with fixed charges.

(b) Represents year ended September 30.