Brown Shoe Declares Regular Quarterly Dividend

ST. LOUIS, MISSOURI, September 10, 2003 -- The Board of Directors of
Brown Shoe Company, Inc. (NYSE: BWS) today declared a quarterly dividend
of 10 cents per share, payable October 1, 2003, to shareholders of record on
September 21, 2003.

This dividend will be the 323rd consecutive quarterly dividend paid by the company.