CALERES INC — Director's Dealing 2004

Jan 13, 2004

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: BROWN SHOE CO INC (BWS)
CIK: 0000014707
Period of Report: 2004-01-05

Reporting Person: SULLIVAN DIANE M (President, Brown Shoe Co., Inc)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	25000	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option (right to buy)	$37.22	2014-01-05	Common Stock (50000)		Direct

Footnotes

F1: The option becomes exercisable in 4 equal installments beginning 1/5/05.