Square D Company and Subsidiaries - Page 22

                                       - 110 -                                        
               For the reasons previously outlined, we use Ms. Meyer’s                
          computation of their 1992 compensation.  However, an adjustment             
          for long-term incentive plan compensation, analogous to that made           
          for some of Mr. Brink’s comparables, is required.  We accordingly           
          adjust the 1992 compensation of Mr. Suter of Emerson Electric Co.           
          and Mr. Davis of Baldor Electric Co. to include in their 1992               
          compensation a ratable portion of long-term incentive                       
          compensation paid to them in 1993.  The following table                     
          summarizes the 1992 compensation of the executives determined to            
          be comparable to Mr. Denny.                                                 





























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