Emerson Electric (EMR) 10-Q 2001 Q3 Quarterly report

                                                                  EXHIBIT 12

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

  Nine Months     
Ended       
June 30,     

	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	1,621.0    285.3
Earnings, as defined	$1,793.5	1,998.2	2,220.5	2,322.1	2,572.4	1,906.3
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	235.0     50.3
Total fixed charges	$  182.2	176.5	218.2	258.1	359.5	285.3
Ratio of Earnings  to Fixed Charges	9.8x	11.3x	10.2x	9.0x	7.2x	6.7x

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

(b) Represents year ended September 30.