Exhibit 10.7

EMERSON ELECTRIC CO.
EXTRA SALARY PROGRAM
[Annual Incentive Plan]
Fiscal Year 20– –

I. Deferral Election: (Only U.S. paid participants are eligible to defer)

  I hereby elect my Extra Salary Award under the Emerson Electric Co. Extra
Salary Program be paid to me as follows:

        % Payment

  A.

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  In the month of November 20--;

  B.

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  In the month of January 20-- (complete Section II);

  C.

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  Specific future year (indicate year payment is to be made) ___________
(complete Section II), or;

  D.

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  Upon my retirement or termination of employment,

Note: (you must be at Emerson or a subsidiary on the normal payment date or if
you choose "B" above, on January 15 following the fiscal year); whichever occurs
first (complete Section II).

II. Change of Control (All participants may elect)

  In the event of a Change of Control as defined in the Plan, I hereby elect to
receive any payment due under the Plan as follows: (check either A or B)

  A.

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  Upon the Change of Control in a single lump sum; or

  B.

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  Upon termination of Employment occurring after a Change of Control, in the
form of: (check either 1 or 2)

(1)   ______  a lump sum distribution; or

(2)   ______  in substantially equal installments not exceeding ten years.

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Date   Signature

   

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  Print or Type Name

   

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  Corporate

Return Form to: ---------------------------
Emerson Electric Co.
8000 W. Florissant Ave.
St. Louis, MO 63136