RATIO OF EARNINGS TO FIXED CHARGES

Published on August 14, 2000


EXHIBIT 12

EMERSON ELECTRIC CO. AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
NINE MONTHS ENDED JUNE 30, 2000
(Dollars in millions)


Earnings:
Income before income taxes $1,634.2
Fixed charges 253.4
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Earnings, as defined $1,887.6
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Fixed charges:
Interest expense $ 209.0
One-third of all rents 44.4
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Total fixed charges $ 253.4
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Ratio of Earnings to Fixed Charges 7.4x
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Represents income before income taxes and minority interests in the income of
consolidated subsidiaries with fixed charges.