CALERES INC — Director's Dealing 2004

Mar 5, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BROWN SHOE CO INC (BWS)
CIK: 0000014707
Period of Report: 2004-03-04

Reporting Person: NORFLEET BYRON D (President Naturalizer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-03-04	Employee Stock Option (right to buy)	$39.01	A	7500	Acquired	2014-03-04	Common Stock (7500)	Direct

Footnotes

F1: The option becomes exercisable in 4 equal annual installments beginning 3/4/05.