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                       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

                                 August 18, 2005
                Date of Report (Date of earliest event reported)

                            PAYLESS SHOESOURCE, INC.
             (Exact Name of Registrant as Specified in its Charter)

                                    DELAWARE
                 (State or Other Jurisdiction of Incorporation)

                 1-14770                                43-1813160
         (Commission File Number)           (IRS Employer Identification No.)

                           3231 Southeast Sixth Avenue
                            Topeka, Kansas 66607-2207
               (Address of Principal Executive Office) (Zip Code)

                                 (785) 233-5171
              (Registrant's Telephone Number, Including Area Code)

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:

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

[ ]  Soliciting material pursuant to Rule 14a12 under the Exchange
     Act (17 CFR 240.14a-12)

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

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

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ITEM 2.02    RESULTS OF OPERATIONS AND FINANCIAL CONDITION AND
ITEM 7.01    REGULATION FD DISCLOSURE.

The following information is furnished pursuant to both Items 2.02 and 7.01.

On August 18, 2005, Payless ShoeSource, Inc., a Delaware corporation, issued a
press release announcing its results for the second quarter of fiscal year 2005,
which ended July 30, 2005. The full text of the press release is attached hereto
as Exhibit 99.1 and incorporated by reference herein.

ITEM 9.01    FINANCIAL STATEMENTS AND EXHIBITS.

(c)            Exhibits.

EXHIBIT #        DESCRIPTION
- ---------        -----------------------------------
99.1             Press Release dated August 18, 2005



                                   SIGNATURES

     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.


                                                     PAYLESS SHOESOURCE, INC.

Date: August 18, 2005                                By: /s/ Ullrich E. Porzig
                                                         -----------------------
                                                         Ullrich E. Porzig
                                                         Senior Vice President
                                                         Chief Financial Officer
                                                         and Treasurer



                                  EXHIBIT INDEX

EXHIBIT #        DESCRIPTION
- ---------        -----------------------------------
99.1             Press Release dated August 18, 2005