EMERSON ELECTRIC CO — Director's Dealing 2003

Dec 22, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EMERSON ELECTRIC CO (EMR)
CIK: 0000032604
Period of Report: 2003-12-08

Reporting Person: KNIGHT CHARLES F (Director, Chairman of the Board)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-12-08	Common Stock	G	8300	—	Disposed	1429147	Direct
2003-12-11	Common Stock	G	5703	—	Disposed	1423444	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	9146	Indirect
Common Stock	11651	Indirect

Footnotes

F1: Bona fide gifts by the Reporting Person. The Reporting Person made a bona fide gift of 8,300 shares of common stock to the St. Louis Community Foundation and bona fide gifts of 5,703 shares to various family members not living in the Reporting Person's household.

F2: Price is not applicable to acquisitions or dispositions resulting from bona fide gifts.