FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person * GALVIN WALTER J   2. Issuer Name and Ticker or Trading Symbol EMERSON ELECTRIC CO [EMR] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Sr. Exec. VP & CFO (Last) (First) (Middle) C/O EMERSON ELECTRIC CO., 8000 W. FLORISSANT AVE. 3. Date of Earliest Transaction (Month/Day/Year) 11/05/2007 (Street) ST. LOUIS, MO 63136 4. If Amendment, Date Original Filed(Month/Day/Year) 6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock 11/05/2007   A(1)   49,500 (1) A (1) (2) 220,302 D   Common Stock 11/05/2007   A(3)   30,000 (3) A (2) 250,302 D   Common Stock               77,052 I Spouse Common Stock               59,988 I W.J. Galvin Family Partnership (4) Common Stock               3,226 I Trust-Daughter Megan (5) Common Stock               3,226 I Trust-Son Greg (5) Common Stock               3,226 I Trust-Son Jeff (5) Common Stock               14,831.277 I 401(k) plan Common Stock               7,369.32 I 401(k) excess plan

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code (Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date (Month/Day/Year)

7. Title and Amount of Underlying Securities (Instr. 3 and 4)

8. Price of Derivative Security (Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Restricted Stock Units (6)

(7)

11/05/2007

A(6)

60,000 (6)

(6)

(6)

Common Stock

60,000

(2)

60,000

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
GALVIN WALTER J C/O EMERSON ELECTRIC CO. 8000 W. FLORISSANT AVE. ST. LOUIS, MO 63136	X		Sr. Exec. VP & CFO

Signatures

/s/ Timothy G. Westman, Attorney-in-fact for Walter J. Galvin		11/07/2007
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	Acquisition of 49,500 shares pursuant to Rule 16b-3 upon payout of 60% (90,000 units) of earned performance share award under shareholder-approved benefit plan. The payout was based on the achievement of financial targets for the performance period ended September 30, 2007. Of these 90,000 units, 49,500 units were paid in shares of Issuer stock, with the remaining 40,500 units paid in cash to cover the reporting person's tax obligations.
(2)	Price is not applicable to acquisitions described in Note 1, Note 3 and Note 6.
(3)	Grant of restricted stock under shareholder approved benefit plan exempt pursuant to Rule 16b-3(d).
(4)	The Reporting Person's spouse is the controlling partner of the W. J. Galvin Family Partnership.
(5)	The Reporting Person disclaims beneficial ownership.
(6)	Acquisition of 60,000 restricted stock units pursuant to Rule 16b-3 upon payout of 40% (60,000 units) of earned performance share award under shareholder-approved benefit plan described in Note 1. The restricted stock units are subject to a one-year vesting period.
(7)	Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock.

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