Exhibit 10-H

SUMMARY COMPENSATION
SHEET

The following summarizes certain
compensation decisions taken by the Compensation Committee (the "Committee")
and/or the Board of Directors ("Board") of Shoe Carnival, Inc. (the "Company"),
with respect to the compensation of executive officers.

1. 2008 Base Salary

The Committee increased the base salary
of one of the Company's executive officers and did not change the base salaries
of the Company's other executive officers after a review of the Company's
financial performance for fiscal 2007, along with a review of executive
compensation practices within the retail and footwear industries. These base
salaries are effective for the full fiscal year of 2008.

Fiscal
2008 base salaries:

|                       |  |                                       |  | New Base |         | Previous Base
|---------------------- |  | ------------------------------------- |  | -------- | ------- | -------------
|Name                   |  | Title                                 |  | Salary   |         | Salary       
|Mark
      L. Lemond   |  | President and Chief Executive Officer |  | $        | 703,500 |              
|                      
|J.
      Wayne Weaver  |  | Chairman of the Board                 |  | $        | 300,000 |              
|                      
|Timothy T. Baker       |  | Executive Vice President -            |  | $        | 425,000 |              
|                       |  | Store
      Operations                |  |          |         |              
|                      
|W.
      Kerry Jackson |  | Executive Vice President - Chief      |  | $        | 400,000 |              
|                       |  | Financial Officer and Treasurer       |  |          |         |              
|                      
|Clifton E. Sifford     |  | Executive Vice President -            |  | $        | 425,000 |              
|                       |  | General Merchandise Manager           |  |          |         |              

2. Grants of Restricted
Stock

The Committee approved grants of
restricted stock to the Company's executive officers and other key personnel
under the Shoe Carnival, Inc. 2000 Stock Option and Incentive Plan. Mark L.
Lemond, President and Chief Executive Officer, received a grant of 16,000
shares. W. Kerry Jackson, Executive Vice President - Chief Financial Officer and
Treasurer, and Clifton E. Sifford, Executive Vice President - General
Merchandise Manager, each received a grant of 12,000 shares and Timothy T.
Baker, Executive Vice President - Store Operations, received a grant of 8,000
shares. No grant was made to Mr. Weaver. The restricted shares will vest upon
the achievement of specified levels of annual earnings per diluted share during
a six-year period.

3. Annual Incentive Compensation Goals
for Fiscal 2008

The Committee established the
performance criteria and targets for the 2008 bonus payable in 2009 under the
Company's 2006 Executive Incentive Compensation Plan. The performance criteria
is operating income before bonus expense. Subjective factors based on an
executive's individual performance can reduce an executive's bonus. As Chief
Executive Officer, Mark L. Lemond's bonus target is 60% of his salary but he can
earn up to 100% of his salary if all performance targets are met. J. Wayne
Weaver, as chairman, is not eligible to receive a bonus. The other named
executive officers' bonus target is 45% of their salary but they can earn up to
75% if all performance targets are met.

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4. Director's Compensation

The Company pays to non-employee
Directors an annual retainer of $20,000. The Chairman of the Audit Committee
receives additional annual compensation of $5,000, and the Chairman of the
Compensation Committee, Chairman of the Nominating and Corporate Governance
Committee and the Lead Director each receives additional annual compensation of
$2,000.

Non-employee Directors receive a per
meeting fee of $1,000 for each meeting of the Board and the accompanying
committee meetings attended and $1,000 for each committee meeting attended in
person in which the full Board does not meet. If the committee meeting is
attended by conference call, the non-employee Directors receive $750. The
Company reimburses all Directors for all reasonable out-of-pocket expenses
incurred in connection with meetings of the Board.

Non-employee Directors receive an
annual grant of 500 shares of restricted stock under the Companys 2000 Stock
Option and Incentive Plan. The restrictions on the shares lapse one year after
the date of grant.

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