SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) June 6, 2006

BROWN SHOE COMPANY, INC. (Exact name of registrant as specified in its charter)

New York (State or other jurisdiction of incorporation or organization)

1-2191 (Commission File Number)	43-0197190 (IRS Employer Identification Number)

8300 Maryland Avenue St. Louis, Missouri (Address of principal executive offices)	63105 (Zip Code)

(314) 854-4000 (Registrant's telephone number, including area code)

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 7.01 Regulation FD Disclosure.

Brown Shoe Company, Inc. announced on June 2, 2006, that members of its executive management team will present a business overview at the Piper-Jaffray 2006 Consumer Conference on June 6 2006, at 12.30 p.m. (Eastern Time). The slide presentation for use in conjunction with this presentation is furnished as Exhibit 99.1 hereto and is also available on the Company’s website via the following link: www.brownshoe.com/investor, although the Company reserves the right to discontinue its availability at any time.

The information in this Current Report on Form 8-K and the exhibit attached hereto shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”), or otherwise subject to the liabilities of such section, nor shall such information or exhibit be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

Item 9.01 Financial Statements and Exhibits

(c) Exhibit

Exhibit Number		Description of Exhibits
99.1		Slide Presentation for Piper-Jaffray 2006 Consumer Conference

Pursuant to the requirements of the Securities Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

		BROWN SHOE COMPANY, INC.
		(Registrant)


Date: June 6, 2006		/s/ Michael I. Oberlander
		Michael I. Oberlander
		Senior Vice President, General Counsel and Corporate Secretary

INDEX TO EXHIBITS

Exhibit Number		Description
99.1		Slide Presentation for Piper-Jaffray 2006 Consumer Conference

Brown Shoe Company

CONSUMER CONFERENCE

June 6-7, 2006, New York, Newy

GUIDES FOR THE JOURNEY

This presentation by Brown Shoe Company, Inc. contains certain forward-looking statements

and expectations regarding the Company’s future performance and the future performance of

its brands. Such statements are subject to various risks and uncertainties that could cause

actual results to differ materially. These include (i) intense competition within the footwear

industry; (ii) rapidly changing consumer demands and fashion trends and purchasing patterns,

which may be influenced by consumers' disposable income, which in turn can be influenced

by general economic conditions; (iii) customer concentration and increased consolidation in

the retail industry; (iv) political and economic conditions or other threats to continued and

uninterrupted flow of inventory from China and Brazil, where the Company relies heavily on

third-party manufacturing facilities for a significant amount of its inventory; (v) the Company's

ability to attract and retain licensors and protect its intellectual property; (vi) the Company's

ability to secure leases; (vii) the Company's ability to maintain relationships with current

suppliers; and (viii) the uncertainties of pending litigation. The Company's reports to the

Securities and Exchange Commission contain detailed information relating to such factors.

The Company does not undertake any obligation or plan to update these forward-looking

statements, even though its situation may change.

All per share data reflects the Company's 3-for-2 stock split, effective April 3, 2006.

Guidance was issued on May 25, 2006 and has not been updated.

1) Reshaping our platform

3) 2005 accomplishments

4) Strategies for long-term growth - 2006 Guidance

Reshaped our Platform - 2001 - 2005

2001 2002 2003 2004 2005

Market Share Growth for

Women's Footwear in

U.S. Department Stores *

2001 2002 2003 2004 2005

Sales and Operating

Earnings Improvement

for BWS (millions $)

2001 2002 2003 2004 2005

Operating Margin

Improvement at Famous

§ Net sales increased

$1.76 à $2.29 billion

§ Operating earnings

steadily improving at

share in dept. stores

* Reflects NPD Group Reported POS Dollar Volume. 12 Months ending January 2006.

Brown Shoe Today -- $2.5 Billion in Sales Projected for 2006

Unique wholesale-retail platform. Building our brands and retail concepts to gain

market share while delivering style to the consumer.

§ 80 million pairs

§ 120 million consumers

visit our stores/year

§ 9 e-commerce sites

§ 30+ million e-visitors/year

Overview of our Branded Wholesale Business:

Kenneth Cole Productions

* Reflects NPD Group Reported POS Dollar Volume. 12 Months ending January 2006.

Our Rank among Wholesalers

Women’s Fashion Footwear Sales in U.S.

Ranked by Parent Company

Our Portfolio of Brands and their Rank within Zone

$3.3B** Private Label

* Total Zone Sales from NPD Group Reported POS Dollar Volume. Market Share position within zone reflects NPD Group Reported PO S Dollar Volume. 12 Months ending January 2006.

** Footwear sales in the Mass zone as reported by NPD Consumer Panel Survey.

Overview of our Retail Businesses:

* Source: Competitive Shares reported by NPD Consumer Panel Survey, 12 Months ending January 2006.

Our Rank Among Top Footwear Retailers

Share of Footwear Sales by Retailer*

No. 1- Family Branded

No. 4- Women's Specialty

No. 3- Internet Footwear

2005 Accomplishments

1) Sales growth of 18% to $2.3 billion; EPS $1.45 - up 31% on an adjusted basis to $2.22**

§ Famous Footwear progress continues - operating earnings up 11%

§ Restructured Naturalizer store base

§ Doubled e-commerce sales

3) Wholesale - operating earnings up 78%

§ Acquired Bennett: upscale brands; accretive by $0.11 per share

§ Achieved rebound in key areas of wholesale business

4) Strengthened balance sheet

§ Debt-to-cap of 31.5%

§ Generated $146.8 million in net cash from operating activities

** This is a non-GAAP financial measure. See the Appendix for a Reconciliation of Net Earnings to Adjusted Net Earnings.

2006 Priorities and Growth Drivers

1) Increased traction at Famous Footwear

§ Comp-store sales planned at 2%-3%

2) Potential of new Wholesale "sell-through" business model

3) Opportunities from better-grade brands

4) Specialty Retail improvement

5) Continued e-commerce growth

Q1-2006 Performance

§ Sales up 10% - driven by full-quarter of Bennett business

§ EPS of $0.35 - ahead of expectations

First Half Guidance*

§ Sales up 8% to $1.155-$1.165 billion

§ EPS of $0.72-$0.78 - versus $0.28 LY (up 19% on an adjusted basis**)

§ Sales up 8% to $2.48 billion

§ EPS up 55% to $2.25-$2.30 (up 8% on adjusted basis**)

* Guidance was issued on May 25, 2006 and has not been updated.

** This is a non-GAAP financial measure. See the Appendix for a Reconciliation of Net Earnings to Adjusted Net Earnings.

Key Strategies for Long-Term Growth:

1) Create differentiation - for our stores, our brands, our footwear

2) Create consumer preference with compelling footwear design & styles

3) Lead in Speed-to-Market - to increase sell-throughs and reduce markdown risk

4) Build our portfolio of brands

Balance Growth + Investment - delivering earnings performance while investing for the future

Long-Term Goal - Targeting high single-digit revenue growth and 10-15% compound earnings growth rate

Longer term growth drivers:

n Famous Footwear - creating differentiation with preference to provide the basis for significant door count expansion

n Wholesale - achieving margin and market share opportunities via strong, well-differentiated brands

n Specialty Retail - building a multi-channel, cost-effective specialty store and e-commerce platform for growing our brands, while contributing gross margin dollars

n Platform Efficiency - continuing to reshape our platform to increase our earnings potential

Financial Highlights & Appendix

Sales and EPS - 2001 to Estimated 2006*

Earnings Per Share

2001 2002 2003 2004 2005 2006

* Note: Guidance was issued on May 25, 2006 and has not been updated.

Charges and recoveries included in net earnings and EPS for 2003, 2004, 2005 and estimated 2006, are listed in the Reconciliation of

Net Earnings to Adjusted Net Earnings in the Appendix pages.

Sales in Billions

2001 2002 2003 2004 2005 2006

Debt to Capital Ratio

(Millions of dollars, except for Debt to Capital Ratio)

* Total Debt Obligations include long term debt, borrowings under revolving credit agreement and capital lease

obligations. 2005 total debt obligations include Senior Notes issued in connection with the Bennett Footwear

** Total Debt Obligations divided by Total Capital

Debt to Capital Ratio 2005 2004 2003 2002 2001

Total Debt Obligations* 200 $ 142 $ 120 $ 152 $ 216 $

Total Shareholders' Equity 434 391 350 292 253

Total Capital 634 $ 533 $ 470 $ 444 $ 469 $

Debt to Capital Ratio** 31.5% 26.6% 26.0% 34.0% 46.0%

Distinct Wholesale Portfolio

Famous Footwear -- Sales by category

Based on 12 months ended January 2006

Women’s Women’s

Men’s Men’s

Kid’s Kid’s

Reconciliation of Net Earnings to Adjusted Net Earnings

2003 - 2006 Estimated*

GAAP Results 46.2 $ 1.66 $ 43.3 $ 1.53 $ 41.0 $ 1.45 $ 65 - 67 $ 2.25-2.30 $

Special Charges and Recoveries:

Naturalizer Restructuring - - - - 9.2 0.33

Tax Repatriation - - - - 12.0 0.42

Bass Transition Costs - - 3.5 0.12 - - - -

Bond Guarantee Charge - - 2.2 0.08 - - - -

Tax Reserve Recovery - - (1.0) (0.04) - - - -

Environmental Litigation 2.0 0.07 0.4 0.01 - - - -

Canada Factory Closure 2.7 0.09 - - - - - -

Adjusted Earnings 50.9 $ 1.82 $ 48.3 $ 1.70 $ 62.9 $ 2.22 $ 69 - 71 $ 2.40-2.45 $

Non-GAAP Financial Measures

In this presentation, the Company’s financial results are provided both in accordance with generally accepted accounting principles (GAAP), and using

certain non-GAAP financial measures. In particular, the Company provides historic and estimated future net earnings per diluted share excluding

certain charges and recoveries, which are non-GAAP financial measures. These results are included as a complement to results provided in

accordance with GAAP because management believes these non-GAAP financial measures help indicate underlying trends in the Company’s

business and provide useful information to both management and investors by excluding certain items that are not indicative of the Company’s core

operating results. These measures should be considered in addition to results prepared in accordance with GAAP, but should not be considered a

substitute for or superior to GAAP results.

* Note: Guidance was issued on May 25, 2006 and has not been updated.

2006 Estimated Range

Bridge Loan Fee 0.6 0.02

Stock Option Expense 0.15 4.0

Appendix: Schedule 1

($ in millions, except EPS data)

Reconciliation of EPS Guidance (GAAP Basis) to EPS Guidance Adjusted to Exclude Charges (Non-GAAP)*

Non-GAAP Financial Measures

In this presentation, the Company’s financial results are provided both in accordance with generally accepted accounting principles (GAAP), and using certain

non-GAAP financial measures. In particular, the Company provides historic and estimated future net earnings per diluted share excluding certain charges and

recoveries, which are non-GAAP financial measures. These results are included as a complement to results provided in accordance with GAAP because

management believes these non-GAAP financial measures help indicate underlying trends in the Company’s business and provide useful information to both

management and investors by excluding certain items that are not indicative of the Company’s core operating results. These measures should be considered

in addition to results prepared in accordance with GAAP, but should not be considered a substitute for or superior to GAAP results.

* Note: Guidance was issued on May 25, 2006 and has not been updated.

GAAP Earnings $0.35 $0.13 $0.37 $0.43 $0.14

Charges / Other Items:

Stock Option Expense 0.03 - 0.04 0.04 -

Bridge Loan Fee - 0.02 - - -

Total Charges / Items 0.03 0.36 0.04 0.04 0.06

Adjusted Net Earnings $0.38 $0.49 $0.41 $0.47 $0.20

Appendix: Schedule 2

Reconciliation of Operating Earnings to Adjusted Operating Earnings

(in millions) 2005 2004 2003 2002 2001

Operating Earnings 88.6 $ 63.8 $ 72.9 $ 71.7 $ 11.1 $

Special Charges and Recoveries

Naturalizer Restructuring 14.7 - - (0.5) 16.8

Famous Footwear Inventory Write-Down - - - - 16.0

Shared Services Platform Implementation - - - (0.7) 3.5

Famous Footwear New Management Transition - - - - 3.9