Form: S-3/A

Registration statement under Securities Act of 1933

September 13, 1995

Documents

Published on September 13, 1995



























































SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549

FORM T-1


FOR STATEMENTS OF ELIGIBILITY AND QUALIFICATION
UNDER THE TRUST INDENTURE ACT OF 1939
OF A CORPORATION DESIGNATED TO ACT AS TRUSTEE


THE BOATMEN'S NATIONAL BANK OF ST. LOUIS
(National Association)
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(Exact name of Trustee as specified in its charter)


43-0494906
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State of incorporation if not (I.R.S. Employer Identification No.)
a national bank)


Corporate Trust Department
510 Locust Street
St. Louis, Missouri 63101
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(Address of Trustee's principal (Zip Code)
executive offices)


EMERSON ELECTRIC CO.
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(Exact name of Obligor as specified in its charter)


Missouri 43-0259330
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(State or other jurisdiction of (I.R.S. Employer Identification No.)
incorporation or organization)


8000 West Florissant Avenue
P. O. Box 4100
St. Louis, Missouri 63136
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(Address of principal executive (Zip Code)
officers)


Debt Securities
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(Title of the Indenture securities)







GENERAL


Item 1. General information.

Furnish the following information as to the trustee:

(a) Name and address of each examining or supervising authority to which it is
subject.

Office of the Comptroller of the Currency
Washington, D. C. 20521

Federal Deposit Insurance Corporation
Washington, D. C. 20429

To determine compliance with the Bank Holding Company Act of 1956, as
amended, and regulations thereunder.

Board of Governors
Federal Reserve System
Washington, D. C. 20626

(b) Whether it is authorized to exercise corporate trust powers.

Yes


Item 2. Affiliations with Obligor.

If the obligor is an affiliate of the trustee, describe each such affiliation.

None


Item 6. List of Exhibits.

List below all exhibits filed as a part of this statement of eligibility and
qualification.

Exhibit 1. Articles of Association of The Boatmen's National Bank of
St. Louis, as amended to date; incorporated herein by
reference to Exhibit 1 of Form T-1; Registration No. 33-6800.

Exhibit 2. Certificate of Authority of The Boatmen's National Bank of
St. Louis to commence business; incorporated herein by
reference to Exhibit 2 of Form T-1; Registration No. 22-11311.

Exhibit 3. Authorization of The Boatmen's National Bank of St. Louis to
execute Corporate Trust Powers, authorization of the Federal
Reserve Board dated April 23, 1926; incorporated herein by
reference to Exhibit 3 of Form T-1; Registration No. 22-11311.







Exhibit 4. By-Laws of The Boatmen's National Bank of St. Louis;
incorporated herein by reference to Exhibit 4 of Form T-1,;
Registration No. 33-6800.

Exhibit 5. Consent to The Boatmen's National Bank of St. Louis required
by Section 321(b) of the Act; incorporated herein by reference
to Exhibit 5 of Form T-1; Registration No. 22-11311.

Exhibit 6. Report of Condition of The Boatmen's National Bank of
St. Louis as of the close of business March 31, 1995,
published pursuant to law or the requirements of its
supervising or examining authority.















































SIGNATURE

Pursuant to the requirements of the Trust Indenture Act of 1939, the
Trustee, THE BOATMEN'S NATIONAL BANK OF ST. LOUIS, a national banking
association organized and existing under the laws of the United States of
America, has duly caused this statement of eligibility to be signed on its
behalf by the undersigned, thereunto duly authorized, all in the City of
St. Louis, and State of Missouri, on the 12th day of September, 1995.

THE BOATMEN'S NATIONAL BANK
OF ST. LOUIS

By: /S/ JERRY L. RECTOR
--------------------------------
Jerry L. Rector
Trust Officer










































EXHIBIT 6


REPORT OF CONDITION

Consolidating domestic and foreign subsidiaries of The Boatmen's National
Bank of St. Louis in the State of Missouri, at the close of business on
March 31, 1995, published in response to call made by Comptroller of the
Currency, under Title 12, United States Code, Section 161, Charter Number 17304
Comptroller of the Currency Midwestern District.

State of Resources and Liabilities


ASSETS
(000's)


Cash and balances due from depository institutions
Noninterest-bearing balances and currency and coin. . . . . . 699,818
Interest-bearing balances . . . . . . . . . . . . . . . . . . 57
Hold to maturity securities. . . . . . . . . . . . . . . . . . . . 1,519,547
Available-for-sale securities. . . . . . . . . . . . . . . . . . . 1,900,701
Federal funds sold and securities purchased under agreements
to resell in domestic offices of the bank and of its Edge
and Agreement subsidiaries, and in IBFs:
Federal funds sold. . . . . . . . . . . . . . . . . . . . . . 738,079
Securities purchased under agreements to resell . . . . . . . 165,000
Loans and Lease financial receivables:
Loans and leases, net of unearned income. . . . 5,310,847
LESS: Allowance for Loan and lease losses . . . 107,568
LESS: Allocated transfer risk reserve . . . . . 0
Loans and leases, net of unearned income, allowance &
reserve . . . . . . . . . . . . . . . . . . . . . . . . . . 5,203,279
Trading assets . . . . . . . . . . . . . . . . . . . . . . . . . . 57,595
Premises and fixed assets (including capitalized leases) . . . . . 151,850
Other real estate owned. . . . . . . . . . . . . . . . . . . . . . 42,813
Investments in unconsolidated subsidiaries and associated
companies. . . . . . . . . . . . . . . . . . . . . . . . . . . . 11,007
Customers' liability to this bank on acceptances outstanding . . . 5,458
Intangible assets. . . . . . . . . . . . . . . . . . . . . . . . . 33,103
Other assets . . . . . . . . . . . . . . . . . . . . . . . . . . . 220,092
Total assets . . . . . . . . . . . . . . . . . . . . . . . . . . . 10,748,399

LIABILITIES

Deposits:
In domestic offices . . . . . . . . . . . . . . . . . . . . . 6,523,106
Noninterest-bearing . . . . . . . . . . . . . . 1,440,307
Interest-bearing. . . . . . . . . . . . . . . . 5,082,799
In foreign offices, Edge and Agreement subsidiaries, and
IBFs. . . . . . . . . . . . . . . . . . . . . . . . . . . . 24,567
Noninterest bearing . . . . . . . . . . . . . . 0
Interest-bearing. . . . . . . . . . . . . . . . 24,567
Federal funds purchased and securities sold under agreements to
to repurchase in domestic offices of the bank and of its Edge
and Agreement subsidiaries, and in IBFs
Federal funds purchased . . . . . . . . . . . . . . . . . . . 1,927,672
Securities sold under agreements to purchase. . . . . . . . . 275
Demand notes issued to the U.S. Treasury . . . . . . . . . . . . . 81,267

Trading liabilities. . . . . . . . . . . . . . . . . . . . . . . . 43,011
Other borrowed money:
With original maturity of one year or less. . . . . . . . . . 1,303,256
With original maturity of more than one year. . . . . . . . . 19,107
Mortgage indebtedness and obligations under capitalized leases . . 38,121
Bank's liability on acceptances executed and outstanding . . . . . 5,458
Subordinated notes and debentures. . . . . . . . . . . . . . . . . 0
Other liabilities. . . . . . . . . . . . . . . . . . . . . . . . . 54,840
Total liabilities. . . . . . . . . . . . . . . . . . . . . . . . . 10,020,680
Limited-life preferred stock and related surplus . . . . . . . . . 0
Perpetual preferred stock and related surplus. . . . . . . . . . . 0
Common stock . . . . . . . . . . . . . . . . . . . . . . . . . . . 46,381
Surplus. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 189,547
Undivided profits and capital reserves . . . . . . . . . . . . . . 517,962
Net unrealized holding gains (losses on available-for-sale
securities . . . . . . . . . . . . . . . . . . . . . . . . . . . (26,171)
Cumulative foreign currency translation adjustments. . . . . . . . 0
Total equity capital . . . . . . . . . . . . . . . . . . . . . . . 727,719
Total Liabilities, Limited-Life preferred stock, and equity
capital. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10,748,399




We, the undersigned directors, attest to the correctness of this statement
of resources and liabilities. We declare that it has been examined by us, and
to the best of our knowledge and belief has been prepared in conformance with
the instructions and is true and correct.

Samuel B. Hayes III
John Morton III
Robert C. Jaudes

I, Richard E. Grimmer, Senior Vice President and Controller of the above named
bank, do hereby declare that this Report of Condition is true and correct to
the best of my knowledge and belief.

/S/ RICHARD E. GRIMMER
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Signature

June 2, 1995
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Date