CALERES INC — Director's Dealing 2005

May 31, 2005

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: BROWN SHOE CO INC (BWS)
CIK: 0000014707
Period of Report: 2005-05-26

Reporting Person: Koch Douglas (SVP & Chief Talent Officer)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	10315	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option (right to buy)	$16.7	2011-02-08	Common Stock (5000)		Direct
Employee Stock Option (right to buy)	$18.095	2012-03-06	Common Stock (7500)		Direct
Employee Stock Option (right to buy)	$25.575	2013-03-06	Common Stock (2500)		Direct
Employee Stock Option (right to buy)	$39.01	2014-03-04	Common Stock (7500)		Direct
Employee Stock Option (right to buy)	$33.555	2015-03-03	Common Stock (5500)		Direct

Footnotes

F1: Including 893 shares indirectly in the 401k.

F2: The option became exercisable on February 8, 2005.

F3: The option became exercisable as to 2,500 shares on March 6, 2004 and an additional 2,500 shares on March 6, 2005, and becomes exercisable to the remaining 2,500 shares on March 6, 2006.

F4: The option became exercisable as to 625 shares on March 6, 2004, and an additional 625 shares on March 6, 2005, and becomes exercisable to 625 shares on March 6, 2006 and the remaining 625 shares on March 6, 2007.

F5: The option became exercisable as to 1875 shares on March 4, 2005 and becomes exercisable to 1875 shares on March 4, 2006, and to 1875 shares on March 4, 2007 and to the remaining 1875 shares on March 4, 2008.

F6: The option becomes exercisable in four equal annual installments beginning on March 3, 2006.