CALERES INC — Director's Dealing 2006

May 25, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BROWN SHOE CO INC (BWS)
CIK: 0000014707
Period of Report: 2006-05-23

Reporting Person: ROSEN ANDREW M (EVP & Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-05-23	Common Stock	F	1591	$37.615	Disposed	123371	Direct

Footnotes

F1: Includes 5,740 shares held indirectly by 401(k) Plan.