CALERES INC — Director's Dealing 2008

May 27, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BROWN SHOE CO INC (BWS)
CIK: 0000014707
Period of Report: 2008-05-22

Reporting Person: BOWER JOSEPH I (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-05-22	Common Stock	A	2500	$15.49	Acquired	19937	Direct

Footnotes

F1: Restricted stock vests 100% after one (1) year.