SHOE CARNIVAL INC — Director's Dealing 2004

Mar 25, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SHOE CARNIVAL INC (SCVL)
CIK: 0000895447
Period of Report: 2004-03-24

Reporting Person: BAKER TIMOTHY T (EXEC. VP - STORE OPERATIONS)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-03-24	Common Stock	M	1000	$11	Acquired	7942	Direct
2004-03-24	Common Stock	S	1000	$15.008	Disposed	6942	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-03-24	Incentive Stock Option (right to buy)	$11	M	1000	Disposed	2008-04-09	Common Stock (1000)	Direct

Footnotes

F1: The option becomes exercisable in thirds, commencing one year after the date of grant.