EMERSON ELECTRIC CO — Director's Dealing 2003

Dec 1, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EMERSON ELECTRIC CO (EMR)
CIK: 0000032604
Period of Report: 2002-12-30

Reporting Person: FARRELL DAVID C (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2002-12-30	Common Stock	P	1250	$50.24	Acquired	1250	Indirect
2003-01-07	Common Stock	P	1300	$52.42	Acquired	2550	Indirect
2003-07-23	Common Stock	S	2550	$50.73	Disposed	0	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	19633	Direct

Footnotes

F1: These transactions were made by a securities broker at the request of Mr. Farrell's investment advisor. The investment advisor has full discretion over the accounts in which these trades were made, and Mr. Farrell was not notified of the trades either before or after they were executed. Both the broker and the investment advisor were aware of Mr. Farrell's status as a Section 16 reporting person with respect to Emerson Electric Co., and the trading restrictions resulting from such status, but were unaware that such restrictions were applicable to transactions entered into by the Farrell Family Limited Partnershp.