Emerson Electric (EMR) 10-Q 2002 Q2 Quarterly report

                                                                   EXHIBIT 12

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

_________________YEAR ENDED SEPTEMBER 30,________________ SIX MONTHS
ENDED
MARCH 31,

	1997	1998	1999	2000	2001	2002
Earnings:  Income before   income taxes (a)  Fixed charges	$1,821.7    176.5	2,002.3    218.2	2,064.0    258.1	2,212.9    359.5	1,624.3    377.3	787.2    168.4
Earnings, as defined	$1,998.2	2,220.5	2,322.1	2,572.4	2,001.6	__955.6
Fixed Charges:  Interest expense  One-third of   all rents	$  124.2     52.3	161.4     56.8	199.0     59.1	292.4     67.1	304.3     73.0	131.9     36.5
Total fixed charges	$  176.5	218.2	258.1	359.5	377.3	168.4
Ratio of Earnings  to Fixed Charges	11.3x	10.2x	9.0x	7.2x	5.3x	5.7x

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