CALERES INC — Director's Dealing 2005

May 3, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BROWN SHOE CO INC (BWS)
CIK: 0000014707
Period of Report: 2005-05-02

Reporting Person: RICH GARY M (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-05-02	Common Stock	M	4000	$23.5625	Acquired	44712	Direct
2005-05-02	Common Stock	F	3026	$31.145	Disposed	41686	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-05-02	Common Stock	$31.145	M	4000	Disposed	2005-05-25	Common Stock (4000)	Direct

Footnotes

F1: Includes 4,847 shares held indirectly by 401(k) Plan.