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                                                                   EXHIBIT 23.5

                       CONSENT OF MANAGEMENT PLANNING INC.

         We hereby consent to the use of our opinion letter dated March 25,
1996 to the Board of Directors of Lipe-Rollway Corporation, included as Exhibit
B to the Proxy Statement/Prospectus which forms a part of the Registration
Statement dated as of the date hereof on Form S-4 relating to the proposed
merger of Emersub XLI, Inc., a wholly owned subsidiary of Emerson Electric Co.,
with and into Lipe-Rollway Corporation, and to the references therein to such
opinion in the introductory section of the Proxy Statement/Prospectus and in
the sections captioned "Summary--Fairness Opinion" and "The Merger--Rollway's
Reasons for Merger; Recommendation of Rollway's Board of Directors."

         In giving such consent, we do not admit and we hereby disclaim that we
come within the category of persons whose consent is required under Section 7
of the Securities Act of 1933, as amended, or the rules and regulations of the
Securities and Exchange Commission thereunder, nor do we thereby admit that we
are experts with respect to any part of such Registration Statement within the
meaning of the term "experts" as used in the Securities Act of 1933, as
amended, or the rules and regulations of the Securities and Exchange Commission
thereunder.


                                      MANAGEMENT PLANNING, INC.

                                      By: /s/ James W. Brockardt
                                          -------------------------------------
                                          James W. Brockardt, CBA
                                          Vice President

March 25, 1996

                                      By: /s/ Roy H. Meyers
                                          -------------------------------------
                                          Roy H. Meyers, CFA
                                          Vice President


