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<SEC-DOCUMENT>0000895447-08-000036.txt : 20080911
<SEC-HEADER>0000895447-08-000036.hdr.sgml : 20080911
<ACCEPTANCE-DATETIME>20080911125230
ACCESSION NUMBER:		0000895447-08-000036
CONFORMED SUBMISSION TYPE:	S-8
PUBLIC DOCUMENT COUNT:		3
FILED AS OF DATE:		20080911
DATE AS OF CHANGE:		20080911
EFFECTIVENESS DATE:		20080911

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SHOE CARNIVAL INC
		CENTRAL INDEX KEY:			0000895447
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-SHOE STORES [5661]
		IRS NUMBER:				351736614
		STATE OF INCORPORATION:			IN
		FISCAL YEAR END:			0202

	FILING VALUES:
		FORM TYPE:		S-8
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-153421
		FILM NUMBER:		081066742

	BUSINESS ADDRESS:	
		STREET 1:		7500 EAST COLUMBIA STREET
		CITY:			EVANSVILLE
		STATE:			IN
		ZIP:			47715
		BUSINESS PHONE:		8128676471

	MAIL ADDRESS:	
		STREET 1:		7500 EAST COLUMBIA STREET
		CITY:			EVANSVILLE
		STATE:			IN
		ZIP:			47715
</SEC-HEADER>
<DOCUMENT>
<TYPE>S-8
<SEQUENCE>1
<FILENAME>scvls8.htm
<DESCRIPTION>SHOE CARNIVAL S-8 2008 (2000 STOCK OPTION AND INCENTIVE PLAN)
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<FONT SIZE=2><P><A NAME="SWReturnHere"></A>As filed with the Securities and Exchange Commission on September 11, 2008 Registration No. 333-</P>
</FONT><U><FONT SIZE=1><P>&#9;</P>
</U></FONT><P><HR WIDTH="27%" SIZE=0></P>
<B><FONT SIZE=2><P>SECURITIES AND EXCHANGE COMMISSION<BR>
WASHINGTON, D.C. 20549</P>
</FONT><FONT SIZE=4><P ALIGN="CENTER">Form&nbsp;S-8</P>
</FONT><FONT FACE="Times New Roman Bold,Times New Roman"><P ALIGN="CENTER">REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933<BR>
</FONT><FONT SIZE=2>__________________</P>
</FONT><FONT SIZE=4><P ALIGN="CENTER">Shoe CARNIVAL, INC.</P>
</B></FONT><FONT SIZE=1><P ALIGN="CENTER">(Exact name of registrant as specified in its charter)</P></FONT>
<P ALIGN="CENTER"><CENTER><TABLE CELLSPACING=0 BORDER=0 CELLPADDING=7 WIDTH=623>
<TR><TD WIDTH="49%" VALIGN="TOP">
<B><FONT SIZE=2><P ALIGN="CENTER">Indiana</B></FONT></TD>
<TD WIDTH="51%" VALIGN="TOP">
<B><FONT SIZE=2><P ALIGN="CENTER">35-1736614</B></FONT></TD>
</TR>
<TR><TD WIDTH="49%" VALIGN="TOP">
<FONT SIZE=1><P ALIGN="CENTER">(State or other jurisdiction of incorporation or organization)</FONT></TD>
<TD WIDTH="51%" VALIGN="TOP">
<FONT SIZE=1><P ALIGN="CENTER">(I.R.S. Employer Identification No.)</FONT></TD>
</TR>
<TR><TD WIDTH="49%" VALIGN="TOP">
<P>&nbsp;</TD>
<TD WIDTH="51%" VALIGN="TOP">
<P>&nbsp;</TD>
</TR>
<TR><TD VALIGN="BOTTOM" COLSPAN=2>
<B><FONT SIZE=2><P ALIGN="CENTER">7500 East Columbia Street</P>
<P ALIGN="CENTER">Evansville, Indiana 47715</B></FONT></TD>
</TR>
<TR><TD VALIGN="TOP" COLSPAN=2>
<FONT SIZE=1><P ALIGN="CENTER">(Address of Principal Executive Offices) (Zip Code)</FONT></TD>
</TR>
<TR><TD WIDTH="49%" VALIGN="TOP" HEIGHT=10><P></P></TD>
<TD WIDTH="51%" VALIGN="TOP" HEIGHT=10><P></P></TD>
</TR>
</TABLE>
</CENTER></P>

<B><FONT SIZE=2><P ALIGN="CENTER"><BR>
</FONT>SHOE CARNIVAL, INC.</P>
<P ALIGN="CENTER">2000 STOCK OPTION and incentive plan</P>
</B><FONT SIZE=1><P ALIGN="CENTER">(Full title of the plan)</P>
</FONT><B><FONT SIZE=2><P ALIGN="CENTER">Mark L. Lemond</P>
<P ALIGN="CENTER">President and Chief Executive Officer</P>
<P ALIGN="CENTER">7500 East Columbia Street</P>
<P ALIGN="CENTER">Evansville, Indiana 47715</P>
</B></FONT><FONT SIZE=1><P ALIGN="CENTER">(Name and address of agent for service)</P>
</FONT><B><FONT SIZE=2><P ALIGN="CENTER">(812) 867-6471</P>
</B></FONT><FONT SIZE=1><P ALIGN="CENTER">(Telephone number, including area code, of agent for service)</P>
<I><P ALIGN="CENTER">Copy to:</P>
</I></FONT><B><FONT SIZE=2><P ALIGN="CENTER">James A. Aschleman<BR>
Baker&nbsp;&amp; Daniels&nbsp;LLP<BR>
600&nbsp;East 96th Street, Suite&nbsp;600<BR>
Indianapolis, Indiana 46240<BR>
(317) 569-9600</P>
</B></FONT><FONT SIZE=1><P>Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of "large accelerated filer," "accelerated filer" and "smaller reporting company" in Rule 12b-2 of the Exchange Act.</P></FONT>
<P ALIGN="CENTER"><CENTER><TABLE CELLSPACING=0 BORDER=0 CELLPADDING=7 WIDTH=565>
<TR><TD WIDTH="22%" VALIGN="TOP">
<FONT SIZE=1><P>Large accelerated filer</FONT></TD>
<TD WIDTH="45%" VALIGN="TOP">
<FONT SIZE=1><P>[ ]</FONT></TD>
<TD WIDTH="27%" VALIGN="TOP">
<FONT SIZE=1><P>Accelerated Filer</FONT></TD>
<TD WIDTH="6%" VALIGN="TOP">
<FONT SIZE=1><P>[x]</FONT></TD>
</TR>
<TR><TD WIDTH="22%" VALIGN="TOP">
<FONT SIZE=1><P><HR ALIGN="LEFT" WIDTH="3%">Non-accelerated filer</FONT></TD>
<TD WIDTH="45%" VALIGN="TOP"><DIR>

<FONT SIZE=1><P>[ ]</FONT> <FONT SIZE=1>(Do not check if a smaller reporting company)</DIR>
</FONT></TD>
<TD WIDTH="27%" VALIGN="TOP">
<FONT SIZE=1><P>Smaller Reporting Company</FONT></TD>
<TD WIDTH="6%" VALIGN="TOP">
<P ALIGN="CENTER">[ ]</TD>
</TR>
</TABLE>
</CENTER></P>

<P ALIGN="CENTER"><HR></P>
<B><FONT SIZE=2><P ALIGN="CENTER">CALCULATION OF REGISTRATION FEE</P></B></FONT>
<P ALIGN="CENTER"><CENTER><TABLE BORDER CELLSPACING=1 CELLPADDING=1 WIDTH=620>
<TR><TD WIDTH="30%" VALIGN="BOTTOM">
<B><FONT SIZE=1><P ALIGN="CENTER">Title of Securities<BR>
to be Registered</B></FONT></TD>
<TD WIDTH="17%" VALIGN="BOTTOM">
<B><FONT SIZE=1><P ALIGN="CENTER">Amount to be Registered</B></FONT></TD>
<TD WIDTH="18%" VALIGN="BOTTOM">
<B><FONT SIZE=1><P ALIGN="CENTER">Proposed Maximum Offering Price<BR>
Per Share</B></FONT></TD>
<TD WIDTH="18%" VALIGN="BOTTOM">
<B><FONT SIZE=1><P ALIGN="CENTER">Proposed Maximum Aggregate Offering Price</B></FONT></TD>
<TD WIDTH="17%" VALIGN="BOTTOM">
<B><FONT SIZE=1><P ALIGN="CENTER">Amount of Registration Fee</B></FONT></TD>
</TR>
<TR><TD WIDTH="30%" VALIGN="BOTTOM">
<FONT SIZE=1><P>Common Stock, $0.01 Par Value</FONT></TD>
<TD WIDTH="17%" VALIGN="BOTTOM">
<FONT SIZE=1><P>500,000<SUP>(1)</SUP></FONT></TD>
<TD WIDTH="18%" VALIGN="BOTTOM">
<FONT SIZE=1><P ALIGN="CENTER">$16.92<SUP> (2)</SUP></FONT></TD>
<TD WIDTH="18%" VALIGN="BOTTOM">
<FONT SIZE=1><P ALIGN="CENTER">$8,460,000<SUP> (2)</SUP></FONT></TD>
<TD WIDTH="17%" VALIGN="BOTTOM">
<FONT SIZE=1><P ALIGN="CENTER">$332.48<SUP> (2)</SUP></FONT></TD>
</TR>
</TABLE>
</CENTER></P>
<DIR>

<SUP><FONT SIZE=1><P ALIGN="CENTER">(1)</SUP>&#9;Pursuant to Rule 416(a) under the Securities Act of 1933, as amended (the "Securities Act"), this Registration Statement also registers additional shares of Common Stock as may be offered or issued to prevent dilution resulting from stock splits, stock dividends, and similar transactions.</P>
<SUP><P>(2)</SUP>&#9;Estimated solely for the purpose of calculating the registration fee and computed in accordance with Rule 457(c) and (h) under the Securities Act using the average of the high and low sale price of the Common Stock as reported by The NASDAQ Global Select Market on September 8, 2008.</P></DIR>

</FONT><P ALIGN="CENTER"><HR></P>
<B><P ALIGN="CENTER">STATEMENT PURSUANT TO GENERAL INSTRUCTION E</P>
<P ALIGN="CENTER">OF FORM&nbsp;S-8 "REGISTRATION OF ADDITIONAL SECURITIES"</P>
<FONT SIZE=2><P ALIGN="CENTER">&nbsp;</P>
</B></FONT><P>&#9;<FONT SIZE=2>This Registration Statement relates to the registration of 500,000 additional shares of Common Stock, $0.01 par value per share, of Shoe Carnival, Inc. (the "Registrant") reserved for issuance and delivery under the Registrant's 2000 Stock Option and Incentive Plan, as amended (the "2000 Plan"). The increase in the number of shares authorized to be issued under the 2000 Plan was approved by the Registrant's shareholders on June 12, 2008. The contents of the Registrant's Registration Statements on Form S-8 (Registration Nos. 333-60114 and 333-117231) are incorporated herein by reference pursuant to General Instruction E to the Form S-8.</P>
</FONT><P ALIGN="CENTER"><HR></P>
<B><FONT FACE="Times New Roman Bold,Times New Roman" SIZE=2><P ALIGN="CENTER">SIGNATURES</P>
</B></FONT><FONT SIZE=2><P>Pursuant to the requirements of the Securities Act of 1933, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form&nbsp;S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Indianapolis, State of Indiana, on this&nbsp;11th day of September, 2008.</P>
<B><P>Shoe Carnival, Inc.</P>
</B><P>By: <U>&#9;/s/ Mark L. Lemond&#9;&#9;</P><DIR>
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</U><P>Mark L. Lemond<BR>
President and Chief Executive Officer</P></DIR>
</DIR>
</DIR>
</DIR>
</DIR>
</DIR>
</DIR>
</DIR>
</DIR>
</DIR>
</DIR>
</DIR>
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<B><P ALIGN="CENTER">POWER OF ATTORNEY</P>
</B><P>Each person whose signature appears below hereby authorizes Mark L. Lemond and W. Kerry Jackson, each with full power of substitution, to execute in the name and on behalf of such person any amendment to this Registration Statement, including post-effective amendments, and any subsequent registration statement filed pursuant to Rule 462(b) under the Securities Act of 1933, and to file the same, with exhibits thereto, and other documents in connection therewith, making such changes in this Registration Statement as the Registrant deems appropriate, and appoints each of Mark L. Lemond and W. Kerry Jackson, each with full power of substitution, attorney-in-fact to sign any amendment to this Registration Statement, including post-effective amendments, and any subsequent registration statement filed pursuant to Rule 462(b) under the Securities Act of 1933, and to file the same, with exhibits thereto, and other documents in connection therewith.</P>
<P>Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed by the following persons in the capacities and on the dates indicated opposite their names. </P></FONT>
<P ALIGN="CENTER"><CENTER><TABLE CELLSPACING=0 BORDER=0 CELLPADDING=1 WIDTH=617>
<TR><TD WIDTH="35%" VALIGN="TOP">
<B><U><FONT SIZE=2><P>Signature</B></U></FONT></TD>
<TD WIDTH="38%" VALIGN="TOP">
<B><U><FONT SIZE=2><P>Title</B></U></FONT></TD>
<TD WIDTH="26%" VALIGN="TOP">
<B><U><FONT SIZE=2><P>Date</B></U></FONT></TD>
</TR>
<TR><TD WIDTH="35%" VALIGN="BOTTOM">
<P>&nbsp;</TD>
<TD WIDTH="38%" VALIGN="BOTTOM">
<P>&nbsp;</TD>
<TD WIDTH="26%" VALIGN="TOP">
<P>&nbsp;</TD>
</TR>
<TR><TD WIDTH="35%" VALIGN="TOP">
<U><FONT SIZE=2><P>/s/ J. Wayne Weaver&#9;</U><BR>
J. Wayne Weaver</FONT></TD>
<TD WIDTH="38%" VALIGN="BOTTOM">
<FONT SIZE=2><P>Chairman of the Board and Director</FONT></TD>
<TD WIDTH="26%" VALIGN="TOP">
<FONT SIZE=2><P>September 11, 2008</FONT></TD>
</TR>
<TR><TD WIDTH="35%" VALIGN="BOTTOM">
<P>&nbsp;</TD>
<TD WIDTH="38%" VALIGN="BOTTOM">
<P>&nbsp;</TD>
<TD WIDTH="26%" VALIGN="TOP">
<P>&nbsp;</TD>
</TR>
<TR><TD WIDTH="35%" VALIGN="TOP">
<U><FONT SIZE=2><P>/s/ Mark L. Lemond&#9;</U><BR>
Mark L. Lemond</FONT></TD>
<TD WIDTH="38%" VALIGN="BOTTOM">
<FONT SIZE=2><P>President, Chief Executive Officer and Director (Principal Executive Officer)</FONT></TD>
<TD WIDTH="26%" VALIGN="TOP">
<FONT SIZE=2><P>September 11, 2008</FONT></TD>
</TR>
<TR><TD WIDTH="35%" VALIGN="BOTTOM">
<P>&nbsp;</TD>
<TD WIDTH="38%" VALIGN="BOTTOM">
<P>&nbsp;</TD>
<TD WIDTH="26%" VALIGN="TOP">
<P>&nbsp;</TD>
</TR>
<TR><TD WIDTH="35%" VALIGN="TOP">
<U><FONT SIZE=2><P>/s/ W. Kerry Jackson&#9;<BR>
</U>W. Kerry Jackson</FONT></TD>
<TD WIDTH="38%" VALIGN="BOTTOM">
<FONT SIZE=2><P>Executive Vice President - Chief Financial Officer and Treasurer (Principal Financial and Accounting Officer)</FONT></TD>
<TD WIDTH="26%" VALIGN="TOP">
<FONT SIZE=2><P>September 11, 2008</FONT></TD>
</TR>
<TR><TD WIDTH="35%" VALIGN="BOTTOM">
<P>&nbsp;</TD>
<TD WIDTH="38%" VALIGN="BOTTOM">
<P>&nbsp;</TD>
<TD WIDTH="26%" VALIGN="TOP">
<P>&nbsp;</TD>
</TR>
<TR><TD WIDTH="35%" VALIGN="TOP">
<U><FONT SIZE=2><P>/s/ William E. Bindley&#9;</U><BR>
William E. Bindley</FONT></TD>
<TD WIDTH="38%" VALIGN="BOTTOM">
<FONT SIZE=2><P>Director</FONT></TD>
<TD WIDTH="26%" VALIGN="TOP">
<FONT SIZE=2><P>September 11, 2008</FONT></TD>
</TR>
<TR><TD WIDTH="35%" VALIGN="BOTTOM">
<P>&nbsp;</TD>
<TD WIDTH="38%" VALIGN="BOTTOM">
<P>&nbsp;</TD>
<TD WIDTH="26%" VALIGN="TOP">
<P>&nbsp;</TD>
</TR>
<TR><TD WIDTH="35%" VALIGN="TOP">
<U><FONT SIZE=2><P>/s/ Gerald W. Schoor&#9;</U><BR>
Gerald W. Schoor</FONT></TD>
<TD WIDTH="38%" VALIGN="BOTTOM">
<FONT SIZE=2><P>Director</FONT></TD>
<TD WIDTH="26%" VALIGN="TOP">
<FONT SIZE=2><P>September 11, 2008</FONT></TD>
</TR>
<TR><TD WIDTH="35%" VALIGN="BOTTOM">
<P>&nbsp;</TD>
<TD WIDTH="38%" VALIGN="BOTTOM">
<P>&nbsp;</TD>
<TD WIDTH="26%" VALIGN="TOP">
<P>&nbsp;</TD>
</TR>
<TR><TD WIDTH="35%" VALIGN="TOP">
<U><FONT SIZE=2><P>/s/ Kent A. Kleeberger&#9;</U><BR>
Kent A. Kleeberger</FONT></TD>
<TD WIDTH="38%" VALIGN="BOTTOM">
<FONT SIZE=2><P>Director</FONT></TD>
<TD WIDTH="26%" VALIGN="TOP">
<FONT SIZE=2><P>September 11, 2008</FONT></TD>
</TR>
<TR><TD WIDTH="35%" VALIGN="BOTTOM">
<P>&nbsp;</TD>
<TD WIDTH="38%" VALIGN="BOTTOM">
<P>&nbsp;</TD>
<TD WIDTH="26%" VALIGN="TOP">
<P>&nbsp;</TD>
</TR>
</TABLE>
</CENTER></P>

<P ALIGN="CENTER"><HR></P>
<B><FONT FACE="Times New Roman Bold,Times New Roman"><P ALIGN="CENTER">INDEX OF EXHIBITS</P></B></FONT>
<P ALIGN="CENTER"><CENTER><TABLE CELLSPACING=0 BORDER=0 CELLPADDING=5 WIDTH=628>
<TR><TD WIDTH="11%" VALIGN="MIDDLE">
<FONT SIZE=2><P ALIGN="CENTER">Exhibit<BR>
<U>&nbsp;&nbsp;&nbsp;No.&nbsp;&nbsp;&nbsp;</U></FONT></TD>
<TD WIDTH="89%" VALIGN="MIDDLE">
<U><FONT SIZE=2><P ALIGN="CENTER">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Description of Exhibit&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></FONT></TD>
</TR>
<TR><TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="CENTER">4.1</FONT></TD>
<TD WIDTH="89%" VALIGN="TOP">
<FONT SIZE=2><P>Restated Articles of Incorporation of Registrant (The copy of this Exhibit filed as Exhibit&nbsp;3-A to the Registrant's Annual Report on Form&nbsp;10-K for the year ended February&nbsp;2, 2002 is incorporated herein reference.)</FONT></TD>
</TR>
<TR><TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="CENTER">4.2</FONT></TD>
<TD WIDTH="89%" VALIGN="TOP">
<FONT SIZE=2><P>By-Laws of Registrant, as amended to date. (The copy of this Exhibit filed as Exhibit 3-B to the Registrant's Current Report on Form&nbsp;8-K filed on March 19, 2007 is incorporated herein by reference.)</FONT></TD>
</TR>
<TR><TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="CENTER">4.3</FONT></TD>
<TD WIDTH="89%" VALIGN="TOP">
<FONT SIZE=2><P>Shoe Carnival, Inc. 2000 Stock Option and Incentive Plan, as amended and restated to reflect all amendments adopted through June&nbsp;12, 2008. (The copy of this Exhibit filed as Exhibit 10-O to the Registrant's Current Report on Form 8-K filed on June 13, 2008 is incorporated herein by reference.)</FONT></TD>
</TR>
<TR><TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="CENTER">5.1</FONT></TD>
<TD WIDTH="89%" VALIGN="TOP">
<FONT SIZE=2><P>Opinion of Baker &amp; Daniels LLP regarding legality of the securities being registered.</FONT></TD>
</TR>
<TR><TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="CENTER">23.1</FONT></TD>
<TD WIDTH="89%" VALIGN="TOP">
<FONT SIZE=2><P>Consent of Deloitte &amp; Touche LLP.</FONT></TD>
</TR>
<TR><TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="CENTER">23.2</FONT></TD>
<TD WIDTH="89%" VALIGN="TOP">
<FONT SIZE=2><P>Consent of Baker &amp; Daniels LLP (included in Exhibit 5.1).</FONT></TD>
</TR>
<TR><TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="CENTER">24.1</FONT></TD>
<TD WIDTH="89%" VALIGN="TOP">
<FONT SIZE=2><P>Power of Attorney (included on the Signature Page of this Registration Statement).</FONT></TD>
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<TYPE>EX-5
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<FILENAME>exhibit5.htm
<DESCRIPTION>SHOE CARNIVAL S-8 2008 EXHIBIT 5 (2000 STOCK OPTION AND INCENTIVE PLAN)
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<B><FONT SIZE=3><P ALIGN="RIGHT">EXHIBIT 5.1</P>
</FONT><FONT SIZE=1><P ALIGN="RIGHT">BAKER&nbsp;&amp; DANIELS LLP</B> <BR>
600 East 96th Street, Suite&nbsp;600 <BR>
Indianapolis, Indiana 46240 <BR>
Tel 317.569.9600  Fax 317.569.4800 <BR>
www.bakerdaniels.com</P>
</FONT><FONT SIZE=3><P>September 11, 2008</P>
<P>Shoe Carnival, Inc.&nbsp;<BR>
7500 East Columbia Street&nbsp;<BR>
Evansville, Indiana&nbsp; 47715</P>
<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Re: <U>Registration Statement on Form S-8 </P>
</U><P>Ladies and Gentlemen:</P>
<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We have acted as counsel to Shoe Carnival, Inc., an Indiana corporation (the &quot;Company&quot;), in connection with the preparation and filing with the Securities and Exchange Commission (the &quot;Commission&quot;) of the Company's Registration Statement on Form S-8 (the &quot;Registration Statement&quot;) under the Securities Act of 1933 (the &quot;Act&quot;), registering the offer and sale of an additional 500,000 shares of the Company's Common Stock, $0.01 par value (the &quot;Shares&quot;), pursuant to the Company's 2000 Stock Option and Incentive Plan, as amended (the &quot;Plan&quot;). </P>
<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We have examined the Registration Statement, the Restated Articles of Incorporation, as currently in effect, and the By-Laws, as currently in effect, of the Company, resolutions of the Company's Board of Directors authorizing the issuance of the Shares, and such other documents as we have considered necessary. We have also examined a certificate of the Secretary of the Company dated the date hereof (the &quot;Certificate&quot;).  In such examination, we have assumed, without independent investigation, the genuineness of all signatures, the legal capacity of all individuals who have executed any of the aforesaid documents, the authenticity of all documents submitted to us as originals, the conformity with originals of all documents submitted to us as copies (and the authenticity of the originals of such copies), and that all public records reviewed are accurate and complete. As to factual matters, we have relied on the certifications, statements or representations of the Compa
ny (including the Certificate) and have not independently verified the matters stated therein.</P>
<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Based on the foregoing, we are of the opinion the Shares have been duly authorized and, when the Registration Statement shall have become effective and the Shares have been issued in accordance with the Plan, the Shares will be validly issued, fully paid and nonassessable. </P>
<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This opinion letter is solely for the use of the Company in connection with the Registration Statement. This opinion is limited to the matters set forth herein, and no other opinion should be inferred beyond the matters expressly stated. </P>
<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We hereby consent to the filing of this opinion as an exhibit to the Registration Statement. In giving such consent, we do not thereby concede that we are within the category of persons whose consent is required under Section&nbsp;7 of the Act or the Rules and Regulations of the Commission thereunder. </P>
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<P>&nbsp;Very Truly Yours,&#9;&#9;&#9;&#9;&#9;</P>

<P>/s/  Baker &amp; Daniels LLP</P></DIR>
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<TYPE>EX-23
<SEQUENCE>3
<FILENAME>exhibit23.htm
<DESCRIPTION>SHOE CARNIVAL S-8 2008 EXHIBIT 23 (2000 STOCK OPTION AND INCENTIVE PLAN)
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<B><FONT SIZE=3><P ALIGN="RIGHT">EXHIBIT 23.1</P>
<P ALIGN="CENTER">CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</P>
</B><P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We consent<A NAME="LPHit81"></A> to the incorporation by reference in this Registration Statement on Form S-8 of our reports dated April 14, 2008, relating to the consolidated financial statements and financial statement schedule of Shoe Carnival, Inc. (which report expresses an unqualified opinion and includes an explanatory paragraph relating to the adoption of Financial Accounting Standards Board Interpretation No. 48, Accounting for Uncertainties in Income Taxes, effective February 4, 2007, and relating to the adoption of Statement of Financial Accounting Standards No. 123 (Revised 2004), Share-Based Payment, effective January 29, 2006) and to the effectiveness of Shoe Carnival, Inc.'s internal control over financial reporting, appearing in the Annual Report on Form 10-K of Shoe Carnival, Inc. for the year ended February 2, 2008.</P>
<P><BR>
/s/ Deloitte &amp; Touche LLP<BR>
<BR>
Indianapolis, Indiana<BR>
September 11, 2008</P>
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