------                        UNITED STATES SECURITIES AND EXCHANGE COMMISSION                         -----------------------------
FORM 3                                     Washington, D.C. 20549                                       OMB APPROVAL
------                                                                                                  OMB Number:       3235-0104
                           INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES                      Expires:   January 31, 2005
                                                                                                        Estimated average burden
                                                                                                        hours per response......0.5
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            Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility
                        Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940

(Print or Type Responses)
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1. Name and Address of Reporting Person*  2. Date of Event              4. Issuer Name and Ticker or Trading Symbol
                                             Requiring Statement
                                             (Month/Day/Year)

   Sinha      Awadhesh      K.               10/24/2002                    Steven Madden, Ltd. (SHOO)
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   (Last)      (First)   (Middle)                                       5. Relationship of Reporting       6. If Amendment, Date of
                                                                           Person(s) to Issuer                Original
                                                                           (Check all applicable)             (Month/Day/Year)
   c/o Salant Corp
   1114 Avenue of the Americas
------------------------------------------------------------------------   [X] Director    [ ] 10% Owner   7. Individual or Joint/
            (Street)                      3. IRS Identification                                               Group Filing (Check
                                             Number of Reporting           [ ] Officer     [ ] Other          Applicable Line)
                                             Person, if an entity              (give title     (Specify
   New York    New York     10036            (voluntary)                        below)          below)
----------------------------------------                                                                      [X] Form filed by One
   (City)       (State)     (Zip)                                                                                 Reporting Person
                                                                           -----------------------            [ ] Form Filed By
                                                                                                                  More Than One
                                                                                                                  Reporting Person


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                                      Table I - Non-Derivative Securities Beneficially Owned
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1. Title of Security                      2. Amount of Securities       3. Ownership Form:              4. Nature of Indirect
   (Instr. 4)                                Beneficially Owned            Direct (D) or                   Beneficial Ownership
                                             (Instr. 4)                    Indirect (I)                    (Instr. 5)
                                                                           (Instr. 5)
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(1)                                                 (1)                        (1)
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         Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
         *If the form is filed by more than one reporting person, see Instruction 5(b)(v).
                  Persons who respond to the collection of information contained in this form are not required to respond
                  unless the form displays a currently valid OMB control number.





FORM 3 (continued)

         Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivative   2. Date Exercisable   3. Title and Amount of Securities   4. Conversion or   5. Ownership   6. Nature of
   Security                 and Expiration        Underlying Derivative Security      Exercise Price     Form of        Indirect
   (Instr. 4)               Date                  (Instr. 4)                          of Derivative      Derivative     Beneficial
                            (Month/Day/Year)                                          Security           Security:      Ownership
                                                                                                         Direct (D)     (Instr. 5)
                                                                                                         or Indirect
                                                                                                         (I) (Instr. 5)
                         --------------------------------------------------------
                          Date    Expiration      Title                   Amount
                          Exer-   Date                                      or
                          cisable                                         Number
                                                                        of shares
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Explanation of Responses:
(1)  No securities are beneficially owned as of the date of the filing of this
     Form 3.



                                                                                                           
**     Intentional misstatements or omissions of facts constitute Federal
       Criminal Violations.  See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note:  File three copies of this Form, one of which must be manually signed.     /s/ AWADHESH SINHA                 November 4, 2002
       If space provided is insufficient, See Instruction 6 for procedure.       -------------------------------    ----------------
                                                                                 **Signature of Reporting Person          Date


Persons who respond to the collection of information contained in this form are
not required to respond unless the form displays a currently valid OMB control
number.