UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                ----------------


                                    FORM 8-K

                                 CURRENT REPORT

                     Pursuant to Section 13 or 15(d) of the

                         Securities Exchange Act of 1934


                         -------------------------------


                        Date of Report: January 22, 2004


                               STEVEN MADDEN, LTD.
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             (Exact name of registrant as specified in its charter)


        Delaware                       0-23702                 13-3588231
----------------------------       ---------------       -----------------------
(State or other jurisdiction         (Commission             (IRS Employer
of incorporation)                    File Number)         Identification Number)


52-16 Barnett Avenue, Long Island City, New York                 11104
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(Address of principal executive offices)                       (Zip Code)


Registrant's telephone number, including area code:          (718) 446-1800
                                                         -----------------------





Item 7(c).        Exhibits.
                  --------

                  99.1     Press Release of Steven Madden, Ltd., dated January
                           22, 2004, updating its earnings expectations for the
                           fourth quarter and full year 2003.

Item 12.          Results of Operations and Financial Condition.
                  ---------------------------------------------

On January 22, 2004, Steven Madden, Ltd. issued a press release to update its
earnings expectations for the fourth quarter and full year 2003. A copy of the
press release is furnished as Exhibit 99.1 to this report and is incorporated
herein by reference.

The information in this report, including exhibits attached hereto, is being
furnished and shall not be deemed "filed" for the purposes of Section 18 of the
Securities Exchange Act of 1934, as amended, or otherwise subject to the
liabilities of that Section. The information in this report shall not be
incorporated by reference into any registration statement or other document
pursuant to the Securities Act of 1933, except as otherwise expressly stated in
such filing.


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                                    SIGNATURE

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


                                       STEVEN MADDEN, LTD.


                                       By: /s/ JAMIESON KARSON
                                           -------------------------------------
                                           Name:  Jamieson Karson
                                           Title: Chief Executive Officer

Date:        January 26, 2004



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