<DOCUMENT>
<TYPE>DEFA14A
<SEQUENCE>1
<FILENAME>smadden_def14a1.txt
<TEXT>

                                  SCHEDULE 14A

                    Proxy Statement Pursuant to Section 14(a)
                     of the Securities Exchange Act of 1934
                                (Amendment No. 1)

[X]      Filed by Registrant

[ ]      Filed by a Party other than the Registrant

Check the appropriate box:

[ ]      Preliminary Proxy Statement
[ ]      Definitive Proxy Statement
[X]      Definitive Additional Materials
[ ]      Soliciting Material Under Rule 14a-12


                               STEVEN MADDEN, LTD.
--------------------------------------------------------------------------------
                (Name of Registrant as Specified in its Charter)


--------------------------------------------------------------------------------
     (Name of Person(s) Filing Proxy Statement if other than the Registrant)


Payment of Filing Fee (Check the appropriate box):

[X]      No fee required.

[ ]      Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and
         0-11.

         1)       Title of each class of securities to which transaction
                  applies:

                  N/A
                  --------------------------------------------------------------

         2)       Aggregate number of securities to which transaction applies:

                     N/A
                  --------------------------------------------------------------

         3)       Per unit price or other underlying value of transaction
                  computed pursuant to Exchange Act Rule 0-11 (set forth the
                  amount on which the filing fee is calculated and state how it
                  was determined.):

                  N/A
                  --------------------------------------------------------------

         4)       Proposed maximum aggregate value of transaction:

                     N/A
                  --------------------------------------------------------------

         5)       Total fee paid:

                     N/A
                  --------------------------------------------------------------

[ ]      Fee paid previously with preliminary materials:

                     N/A
                  --------------------------------------------------------------

<PAGE>

[ ]      Check box if any part of the fee is offset as provided by Exchange Act
         Rule 0-11(a)(2) and identify the filing for which the offsetting fee
         was paid previously. Identify the previous filing by registration
         statement number, or the Form or Schedule and date of its filing.

         1)       Amount Previously Paid:

                     N/A
                  --------------------------------------------------------------
         2)       Form, Schedule or Registration Statement No.:

                     N/A
                  --------------------------------------------------------------
         3)       Filing Party:

                     N/A
                  --------------------------------------------------------------
         4)       Date Filed:

                     N/A
                  --------------------------------------------------------------
<PAGE>

Set forth below is the text of a letter sent by Steven Madden, Ltd. to FMR Corp.
on May 20, 2004.


                       [Letterhead of Steven Madden, Ltd.]


May 20, 2004


FMR Corp.
82 Devonshire Street
Boston, MA  02109
Attn:  Eric Roiter, General Counsel

Re:  Steven Madden, Ltd.

Dear Mr. Roiter,

This will confirm my conversation with Robert McCormick this afternoon during
which I agreed that the management of Steven Madden, Ltd. (the "Company") will
request that the board of directors of the Company consider amending the
Company's 1999 Stock Plan to provide that no material amendments will be made to
such plan without stockholder approval.

Sincerely,

/s/ JAMIESON A. KARSON
-----------------------------------------
Jamieson A. Karson
Vice Chairman and Chief Executive Officer

</TEXT>
</DOCUMENT>