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: 2003-12-19

Reporting Person: GALVIN WALTER J (Director, Ex. VP-Finance; CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-12-19	Common Stock	S	2000	$65	Disposed	73139	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	113839	Direct
Common Stock	6454.826	Indirect
Common Stock	1917.275	Indirect
Common Stock	23526	Indirect
Common Stock	3150	Indirect
Common Stock	450	Indirect
Common Stock	4095	Indirect
Common Stock	4113	Indirect

Footnotes

F1: The sale reported on this Form 4 was effected pursuant to Rule 10b5-1 trading plan adopted by the Walter J. Galvin Family Partnership, L.P. on May 29, 2003. The reporting person and the reporting person's spouse are the controlling partners of the Walter J. Galvin Family Partnership, L.P.

F2: The reporting person disclaims beneficial ownership.