<html>
  <head>
    <title>
      Dillard's, Inc. Form S-8
</title><!-- Licensed to: Dillard's, Inc-->
<!-- Document Created using EDGARIZER HTML 3.0.0.26435 -->
<!-- Copyright 2005 EDGARfilings, Ltd., an IEC company.-->
<!-- All rights reserved EDGARfilings.com -->
</head>
  <body bgcolor="#ffffff">
    <p align="center" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center">As filed with
      the Securities and Exchange Commission on June 21, 2005</p>
    <p align="center" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center">&#160;</p>
    <p align="center" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center">Registration
      No.
      333-_____</p>
    <div style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 1pt; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1.5pt solid">
      <p align="center" style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; MARGIN: 0in 0in 0pt; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: medium none; TEXT-ALIGN: center; mso-border-bottom-alt: solid windowtext 1.5pt; mso-padding-alt: 0in 0in 1.0pt 0in">&#160;</p>
    </div>
    <p align="center" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center">&#160;</p>
    <p align="center" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center"><strong>UNITED
      STATES</strong></p>
    <p align="center" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center"><strong>SECURITIES
      AND EXCHANGE COMMISSION</strong></p>
    <p align="center" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center">&#160;</p>
    <p align="center" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center"><strong>WASHINGTON,
      D.C. 20549</strong></p>
    <p align="center" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center">_________________________</p>
    <p align="center" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center">&#160;</p>
    <p align="center" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center"><strong>FORM
      S-8</strong></p>
    <p align="center" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center">&#160;</p>
    <p align="center" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center"><strong>REGISTRATION
      STATEMENT</strong></p>
    <p align="center" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center"><strong>UNDER</strong></p>
    <p align="center" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center"><strong>THE
      SECURITIES ACT OF 1933</strong></p>
    <p align="center" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center">_________________________</p>
    <p align="center" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center">&#160;</p>
    <p align="center" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center"><strong>Dillard&#8217;s,
      Inc.</strong></p>
    <p align="center" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center">(Exact name
      of
      Registrant as specified in its charter)</p>
    <p align="center" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center">&#160;</p>
    <div>
      <table border="0" cellpadding="0" cellspacing="0" style="BORDER-COLLAPSE: collapse; mso-padding-alt: 0in 5.4pt 0in 5.4pt; mso-table-layout-alt: fixed">

          <tr>
            <td valign="top" width="319" style="BORDER-RIGHT: #d4d0c8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 239.4pt; PADDING-TOP: 0in; BORDER-BOTTOM: #d4d0c8; BACKGROUND-COLOR: transparent">
              <p align="center" style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
                Delaware</p>
              <p align="center" style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
                (State or other jurisdiction of</p>
              <p align="center" style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
                incorporation or organization)</p>
            </td>
            <td valign="top" width="319" style="BORDER-RIGHT: #d4d0c8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 239.4pt; PADDING-TOP: 0in; BORDER-BOTTOM: #d4d0c8; BACKGROUND-COLOR: transparent">
              <p align="center" style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&#160;&#160;&#160;
                71-0388071</p>
              <p align="center" style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">(IRS
                Employer</p>
              <p align="center" style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">Identification
                No.)</p>
            </td>
          </tr>

      </table>
    </div>
    <p align="center" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center">_________________________</p>
    <p align="center" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center">&#160;</p>
    <p align="center" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center">1600 Cantrell
      Road</p>
    <p align="center" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center">Little Rock,
      Arkansas 72201</p>
    <p align="center" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center">501-376-5200</p>
    <p align="center" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center">(Address,
      including telephone number, of Principal Executive Offices)</p>
    <p align="center" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center">_________________________</p>
    <p align="center" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center">&#160;</p>
    <p align="center" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center"><strong>DILLARD&#8217;S,
      INC. STOCK BONUS PLAN</strong></p>
    <p align="center" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center"><strong>DILLARD&#8217;S,
      INC. STOCK PURCHASE PLAN</strong></p>
    <p align="center" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center"><strong>DILLARD&#8217;S
      INC. 2005 NON-EMPLOYEE DIRECTOR RESTRICTED STOCK
      PLAN</strong></p>
    <p align="center" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center">(Full Title
      of
      the Plans)</p>
    <p align="center" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center">_________________________</p>
    <p align="center" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center">&#160;</p>
    <p align="center" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center">Paul J.
      Schroeder, Jr.</p>
    <p align="center" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center">Vice President,
      General Counsel and Secretary</p>
    <p align="center" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center">Dillard&#8217;s,
      Inc.</p>
    <p align="center" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center">1600 Cantrell
      Road</p>
    <p align="center" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center">Little Rock,
      Arkansas 72201</p>
    <p align="center" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center">501-376-5200</p>
    <p align="center" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center">&#160;</p>
    <p align="center" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center">(Name, address
      and telephone number,</p>
    <p align="center" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center">including
      area
      code, of agent for service)</p>
    <p align="center" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center">_________________________</p>
    <p style="MARGIN: 0in 0in 0pt">&#160;</p>
    <p align="center" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center"><i>Copies
      to:</i></p>
    <p align="center" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center">&#160;</p>
    <p align="center" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center">John P.
      Fletcher</p>
    <p align="center" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center">Kutak Rock
      LLP</p>
    <p align="center" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center">&#160;</p>
    <p align="center" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center">&#160;</p>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">1</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div>
    <p align="center" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center">&#160;</p>
    <p align="center" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center">425 West Capitol
      Avenue, Suite 1100</p>
    <p align="center" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center">Little Rock,
      AR
      72201</p>
    <p align="center" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center">_________________________</p>
    <p style="MARGIN: 0in 0in 0pt">&#160;</p>
    <p align="center" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center"><strong>CALCULATION
      OF REGISTRATION FEE</strong></p>
    <p style="MARGIN: 0in 0in 0pt">&#160;</p>
    <div>
      <table border="1" cellpadding="0" cellspacing="0" style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: medium none; BORDER-COLLAPSE: collapse; mso-padding-alt: 0in 5.4pt 0in 5.4pt; mso-table-layout-alt: fixed; mso-border-alt: double windowtext 1.5pt">

          <tr>
            <td valign="bottom" width="331" style="BORDER-RIGHT: windowtext 0.5pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1.5pt double; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1.5pt double; WIDTH: 248.5pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: transparent">
              <p align="center" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center"><strong>Title
                of securities to be registered</strong></p>
            </td>
            <td valign="bottom" width="85" style="BORDER-RIGHT: windowtext 0.5pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1.5pt double; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 63.45pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: transparent; mso-border-left-alt: solid windowtext .5pt">
              <p align="center" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center"><strong>Amount
                to be registered (1)</strong></p>
            </td>
            <td valign="bottom" width="85" style="BORDER-RIGHT: windowtext 0.5pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1.5pt double; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 63.5pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: transparent; mso-border-left-alt: solid windowtext .5pt">
              <p align="center" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center"><strong>Proposed
                maximum offering price per
                share</strong></p>
            </td>
            <td valign="bottom" width="85" style="BORDER-RIGHT: windowtext 0.5pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1.5pt double; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 63.45pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: transparent; mso-border-left-alt: solid windowtext .5pt">
              <p align="center" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center"><strong>Proposed
                maximum aggregate offering
                price</strong></p>
            </td>
            <td valign="bottom" width="85" style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1.5pt double; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 63.5pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: transparent; mso-border-left-alt: solid windowtext .5pt">
              <p align="center" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center"><strong>Amount
                of registration fee</strong></p>
            </td>
          </tr>
          <tr>
            <td valign="top" width="331" style="BORDER-RIGHT: windowtext 0.5pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1.5pt double; WIDTH: 248.5pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: transparent; mso-border-top-alt: solid windowtext .5pt">
              <p style="MARGIN: 0in 0in 0pt 18.7pt; TEXT-INDENT: -18.7pt">&#160;</p>
              <p style="MARGIN: 0in 0in 0pt 18.7pt; TEXT-INDENT: -18.7pt"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">Class
                A Common Stock, $0.01 par value, reserved under the Dillard&#8217;s, Inc. Stock
                Bonus Plan</font></p>
              <p style="MARGIN: 0in 0in 0pt 18.7pt; TEXT-INDENT: -18.7pt">&#160;</p>
            </td>
            <td width="85" style="BORDER-RIGHT: windowtext 0.5pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 63.45pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: transparent; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt">
              <p align="right" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right">600,000</p>
            </td>
            <td width="85" style="BORDER-RIGHT: windowtext 0.5pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 63.5pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: transparent; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt">
              <p align="right" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right">25.28(2)</p>
            </td>
            <td width="85" style="BORDER-RIGHT: windowtext 0.5pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 63.45pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: transparent; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt">
              <p align="right" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right">$15,168,000</p>
            </td>
            <td width="85" style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 63.5pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: transparent; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt">
              <p align="right" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right">--------------</p>
            </td>
          </tr>
          <tr>
            <td valign="top" width="331" style="BORDER-RIGHT: windowtext 0.5pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1.5pt double; WIDTH: 248.5pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: transparent; mso-border-top-alt: solid windowtext .5pt">
              <p style="MARGIN: 0in 0in 0pt 18.7pt; TEXT-INDENT: -18.7pt">&#160;</p>
              <p style="MARGIN: 0in 0in 0pt 18.7pt; TEXT-INDENT: -18.7pt">Class
                A Common
                Stock, $0.01 par value, reserved under the Dillard&#8217;s, Inc. Stock Purchase
                Plan</p>
              <p style="MARGIN: 0in 0in 0pt 18.7pt; TEXT-INDENT: -18.7pt">&#160;</p>
            </td>
            <td width="85" style="BORDER-RIGHT: windowtext 0.5pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 63.45pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: transparent; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt">
              <p align="right" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right">1,000,000</p>
            </td>
            <td width="85" style="BORDER-RIGHT: windowtext 0.5pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 63.5pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: transparent; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt">
              <p align="right" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right">25.28(2)</p>
            </td>
            <td width="85" style="BORDER-RIGHT: windowtext 0.5pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 63.45pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: transparent; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt">
              <p align="right" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right">$25,280,000</p>
            </td>
            <td width="85" style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 63.5pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: transparent; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt">
              <p align="right" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right">--------------</p>
            </td>
          </tr>
          <tr>
            <td valign="top" width="331" style="BORDER-RIGHT: windowtext 0.5pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1.5pt double; WIDTH: 248.5pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: transparent; mso-border-top-alt: solid windowtext .5pt">
              <p style="MARGIN: 0in 0in 0pt 18.7pt; TEXT-INDENT: -18.7pt">&#160;</p>
              <p style="MARGIN: 0in 0in 0pt 18.7pt; TEXT-INDENT: -18.7pt">Class
                A Common
                Stock, $0.01 par value, reserved under the Dillard&#8217;s Inc. 2005
                Non-Employee Director Restricted Stock Plan</p>
              <p style="MARGIN: 0in 0in 0pt 18.7pt; TEXT-INDENT: -18.7pt">&#160;</p>
            </td>
            <td width="85" style="BORDER-RIGHT: windowtext 0.5pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 63.45pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: transparent; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt">
              <p align="right" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right">200,000</p>
            </td>
            <td width="85" style="BORDER-RIGHT: windowtext 0.5pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 63.5pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: transparent; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt">
              <p align="right" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right">25.28(2)</p>
            </td>
            <td width="85" style="BORDER-RIGHT: windowtext 0.5pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 63.45pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: transparent; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt">
              <p align="right" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right">$5,056,000</p>
            </td>
            <td width="85" style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 63.5pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: transparent; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt">
              <p align="right" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right">--------------</p>
            </td>
          </tr>
          <tr>
            <td valign="top" width="331" style="BORDER-RIGHT: windowtext 0.5pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1.5pt double; WIDTH: 248.5pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1.5pt double; BACKGROUND-COLOR: transparent; mso-border-top-alt: solid windowtext .5pt">
              <p style="MARGIN: 0in 0in 0pt 18.7pt; TEXT-INDENT: -18.7pt">&#160;</p>
              <p style="MARGIN: 0in 0in 0pt 18.7pt; TEXT-INDENT: -18.7pt">Total</p>
              <p style="MARGIN: 0in 0in 0pt 18.7pt; TEXT-INDENT: -18.7pt">&#160;</p>
            </td>
            <td width="85" style="BORDER-RIGHT: windowtext 0.5pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 63.45pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1.5pt double; BACKGROUND-COLOR: transparent; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt">
              <p align="right" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right">1,800,000</p>
            </td>
            <td valign="top" width="85" style="BORDER-RIGHT: windowtext 0.5pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 63.5pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1.5pt double; BACKGROUND-COLOR: transparent; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt">
              <p align="right" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right">&#160;</p>
            </td>
            <td valign="top" width="85" style="BORDER-RIGHT: windowtext 0.5pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 63.45pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1.5pt double; BACKGROUND-COLOR: transparent; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt">
              <p align="right" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right">&#160;</p>
              <p align="right" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right">$45,504,000</p>
            </td>
            <td valign="top" width="85" style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 63.5pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1.5pt double; BACKGROUND-COLOR: transparent; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt">
              <p align="right" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right">&#160;</p>
              <p align="right" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right">$5,355.82</p>
            </td>
          </tr>

      </table>
    </div>
    <p style="MARGIN: 0in 0in 0pt">&#160;</p>
    <p style="MARGIN: 0in 0in 0pt">(1)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
      Pursuant to Rule 416(a) of the Securities Act of 1933, as amended, the number
      of
      shares being registered shall include an indeterminate number of additional
      shares of Class A Common Stock which may become issuable as a result of stock
      splits, stock dividends, or similar transactions in accordance with the
      anti-dilution provisions of the Dillard&#8217;s, Inc. Stock Bonus Plan, Dillard&#8217;s,
      Inc. Stock Purchase Plan and Dillard&#8217;s Inc. 2005 Non-Employee Director
      Restricted Stock Plan. </p>
    <p style="MARGIN: 0in 0in 0pt">&#160;</p>
    <p style="MARGIN: 0in 0in 0pt">(2)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
      Estimated solely for the purpose of determining the registration fee pursuant
      to
      Rule 457(c) and (h)(1) of the Securities Act of 1933, as amended. The price
      is
      based upon the average of the high and low sales price per share of Class A
      Common Stock on June 14, 2005, as reported on the New York Stock Exchange.
</p>
    <p style="MARGIN: 0in 0in 0pt">&#160;</p>
    <div>&#160;</div>
    <div>&#160;</div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">2</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div>
    <div><br clear="all"></div>
    <p align="center" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center"><strong>EXPLANATORY
      NOTE</strong></p>
    <p style="MARGIN: 0in 0in 0pt">&#160;</p>
    <p style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">Dillard&#8217;s,
      Inc. (the &#8220;Registrant&#8221;) has prepared this registration statement in accordance
      with the requirements of Form S-8 under the Securities Act of 1933, as amended
      (the &#8220;Securities Act&#8221;), to register 1,800,000 shares of its Class A Common
      Stock, par value $0.01 per share, issuable pursuant to the Dillard&#8217;s, Inc. Stock
      Bonus Plan, Dillard&#8217;s, Inc. Stock Purchase Plan and Dillard&#8217;s Inc. 2005
      Non-Employee Director Restricted Stock Plan.</font></p>
    <p style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in">&#160;</p>
    <p style="MARGIN: 0in 0in 0pt">&#160;</p>
    <p align="center" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center"><strong>PART
      I</strong></p>
    <p align="center" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center">&#160;</p>
    <p align="center" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center"><strong>INFORMATION
      REQUIRED IN THE SECTION 10(a)
      PROSPECTUS</strong></p>
    <p style="MARGIN: 0in 0in 0pt">&#160;</p>
    <p style="MARGIN: 0in 0in 0pt"><strong>Item 1.&#160; Plan Information*
</strong></p>
    <p style="MARGIN: 0in 0in 0pt">&#160;</p>
    <p style="MARGIN: 0in 0in 0pt"><strong>Item 2.&#160; Registrant Information
      and
      Employee Plan Annual Information*</strong></p>
    <p style="MARGIN: 0in 0in 0pt">&#160;</p>
    <p style="MARGIN: 0in 0in 0pt"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">*&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
      The documents containing the information specified in Part I of Form S-8 will
      be
      sent or given to employees as specified by Rule 428(b)(1) of the Securities
      Act.
      Such documents need not be filed with the Securities and Exchange Commission
      (the &#8220;SEC&#8221;) either as part of this registration statement or as prospectuses or
      prospectus supplements pursuant to Rule 424 of the Securities Act. These
      documents and the documents incorporated by reference in this registration
      statement pursuant to Item 3 of Part II of this registration statement, taken
      together, constitute a prospectus that meets the requirements of Section 10(a)
      of the Securities Act.</font></p>
    <p style="MARGIN: 0in 0in 0pt">&#160;</p>
    <p style="MARGIN: 0in 0in 0pt">&#160;</p>
    <div><br clear="all"></div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">3</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div>
    <p style="MARGIN: 0in 0in 0pt">&#160;</p>
    <p align="center" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center"><strong>PART
      II</strong></p>
    <p align="center" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center">&#160;</p>
    <p align="center" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center"><strong>INFORMATION
      REQUIRED IN THE REGISTRATION
      STATEMENT</strong></p>
    <p style="MARGIN: 0in 0in 0pt">&#160;</p>
    <p style="MARGIN: 0in 0in 0pt"><strong>Item 3.&#160; Incorporation of Documents
      by Reference</strong></p>
    <p style="MARGIN: 0in 0in 0pt">&#160;</p>
    <p style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in">The following documents
      previously filed by us with the Securities and Exchange Commission (the
      Commission), are incorporated by reference into this Registration Statement:
      </p>
    <p style="MARGIN: 0in 0in 0pt">&#160;</p>
    <p style="MARGIN: 0in 0in 0pt 0.5in; TEXT-INDENT: 0.5in">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
      Our Annual Report on Form 10-K for the fiscal year ended January 29, 2005,
      filed
      with the Commission on April 14, 2005. </p>
    <p style="MARGIN: 0in 0in 0pt">&#160;</p>
    <p style="MARGIN: 0in 0in 0pt 0.5in; TEXT-INDENT: 0.5in">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
      Our Quarterly Report on Form 10-Q for the quarterly period ended April 30,
      2005,
      filed with the Commission on June 9, 2005. </p>
    <p style="MARGIN: 0in 0in 0pt">&#160;</p>
    <p style="MARGIN: 0in 0in 0pt 0.5in; TEXT-INDENT: 0.5in">(c)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
      Our Current Reports on Form 8-K filed with the Commission on May 24, 2005
      (regarding the Registrant&#8217;s repurchase up to $200 million of its Class A Common
      Stock), May 26, 2005, and June 3, 2005. </p>
    <p style="MARGIN: 0in 0in 0pt">&#160;</p>
    <p style="MARGIN: 0in 0in 0pt 0.5in; TEXT-INDENT: 0.5in">(d)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
      The description of the Registrant&#8217;s Class A Common Stock contained in the
      Registration Statement on Form 8-A filed with the Commission on June 8, 1989,
      and any amendment or report filed with the Commission for the purpose of
      updating such description.</p>
    <p style="MARGIN: 0in 0in 0pt">&#160;</p>
    <p style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in">All reports and other
      documents subsequently filed by us pursuant to Section 13(a), 13(c), 14 or
      15(d)
      of the Securities Exchange Act of 1934, as amended (Exchange Act), prior to
      the
      filing of a post-effective amendment which indicates that all securities offered
      have been sold or which deregisters all securities then remaining unsold shall
      be deemed to be incorporated by reference in this Registration Statement and
      to
      be a part hereof from the date of filing of such documents. </p>
    <p style="MARGIN: 0in 0in 0pt">&#160;</p>
    <p style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in">Any statement contained
      herein or in a document all or a portion of which is incorporated or deemed
      to
      be incorporated by reference herein shall be deemed to be modified or superseded
      for purposes of this Registration Statement to the extent that a statement
      contained herein or in any other subsequently filed document which also is
      or is
      deemed to be incorporated by reference herein modifies or supersedes such
      statement. Any such statement so modified or superseded shall not be deemed,
      except as so modified or superseded, to constitute a part of this Registration
      Statement. </p>
    <p style="MARGIN: 0in 0in 0pt">&#160;</p>
    <p style="MARGIN: 0in 0in 0pt"><strong>Item 4.&#160; Description of
      Securities</strong></p>
    <p style="MARGIN: 0in 0in 0pt">&#160;</p>
    <p style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in">Not Applicable. </p>
    <p style="MARGIN: 0in 0in 0pt">&#160;</p>
    <p style="MARGIN: 0in 0in 0pt"><strong>Item 5.&#160; Interests of Named Experts
      and Counsel</strong></p>
    <p style="MARGIN: 0in 0in 0pt">&#160;</p>
    <p style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in">Not Applicable. </p>
    <p style="MARGIN: 0in 0in 0pt">&#160;</p>
    <p style="MARGIN: 0in 0in 0pt"><strong>Item 6.&#160; Indemnification of
      Directors and Officers</strong></p>
    <p style="MARGIN: 0in 0in 0pt">&#160;</p>
    <p style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in">Under Section 145 of the
      Delaware General Corporation Law, as amended (&#8220;DGCL&#8221;), a corporation may
      indemnify any person who was or is a party or is threatened to be made a party
      to any threatened, pending or completed action, suit or proceeding, whether
      civil, criminal, administrative or investigative (other than an action by or
      in
      the right of the corporation) by reason of the fact that he or she is or was
      a
      director, officer, employee or agent of the corporation, or is or was serving
      at
      the request of the corporation as a director, officer, employee or agent of
      another corporation, partnership, joint venture, trust or other enterprise,
      against expenses (including attorneys&#8217; fees), judgments, fines and amounts paid
      in settlement actually and reasonably incurred by such person in connection
      with
      such action, suit or proceeding (i) if such person acted in good faith and
      in a
      manner that such person reasonably believed to be in or not opposed to the
      best
      interests of the corporation and (ii) with respect to any criminal action or</p>
    <p style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in">&#160;</p>
    <p style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in">&#160;</p>
    <p style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in">&#160;</p>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">4</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div>
    <p style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in">&#160;</p>
    <p style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in">&#160;</p>
    <p style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in">&#160;</p>
    <p style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in">&#160;proceeding, if he
      or
      she had no reasonable cause to believe such conduct was unlawful. In actions
      brought by or in the right of the corporation, a corporation may indemnify
      such
      person against expenses (including attorneys&#8217; fees) actually and reasonably
      incurred by such person in connection with the defense or settlement of such
      action or suit if such person acted in good faith and in a manner that such
      person reasonably believed to be in or not opposed to the best interests of
      the
      corporation, except that no indemnification may be made in respect of any claim,
      issue or matter as to which that person shall have been adjudged to be liable
      to
      the corporation unless and only to the extent that the Court of Chancery of
      the
      State of Delaware or the court in which such action or suit was brought shall
      determine upon application that, despite the adjudication of liability but
      in
      view of all circumstances of the case, such person is fairly and reasonably
      entitled to indemnification for such expenses which the Court of Chancery or
      other such court shall deem proper. To the extent that such person has been
      successful on the merits or otherwise in defending any such action, suit or
      proceeding referred to above or any claim, issue or matter therein, he or she
      is
      entitled to indemnification for expenses (including attorneys&#8217; fees) actually
      and reasonably incurred by such person in connection therewith. A corporation
      may pay expenses (including attorneys&#8217; fees) incurred by an officer or director
      in defending any civil, criminal, administrative or investigative action, suit
      or proceeding in advance of the final disposition of such action, suit or
      proceeding upon receipt of an undertaking by or on behalf of such director
      or
      officer to repay such amount if it shall ultimately be determined that such
      person is not entitled to be indemnified by the corporation. Such expenses
      (including attorneys&#8217; fees) incurred by former directors or officers or other
      employees or agents may be so paid upon such terms and conditions, if any,
      as
      the corporation deems appropriate. The indemnification and advancement of
      expenses provided for or granted pursuant to Section 145 is not exclusive of
      any
      other rights of indemnification or advancement of expenses to which those
      seeking indemnification or advancement of expenses may be entitled, and a
      corporation may purchase and maintain insurance against liabilities asserted
      against any former or current director, officer, employee or agent of the
      corporation, or a person who is or was serving at the request of the corporation
      as a director, officer, employee or agent of another corporation, partnership,
      joint venture, trust or other enterprise, whether or not the power to indemnify
      is provided by the statute.</p>
    <p style="MARGIN: 0in 0in 0pt">&#160;</p>
    <p style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in">Article IX of the
      Registrant&#8217;s Certificate of Incorporation provides for the elimination of
      personal liability of a director for breach of fiduciary duty as permitted
      by
      Section 102(b)(7) of the DGCL.</p>
    <p style="MARGIN: 0in 0in 0pt">&#160;</p>
    <p style="MARGIN: 0in 0in 0pt"><strong>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
      </strong>Article III, Section Five of the Registrant&#8217;s Amended Bylaws provides
      indemnification rights to a director or officer of the Registrant against all
      expenses, liabilities, and losses (including attorney&#8217;s fees, judgments, fines,
      ERISA excise taxes, and amounts paid or to be paid in settlement) reasonably
      incurred or suffered by such officer or director in connection with any action,
      suit, or proceeding, whether civil, criminal, administrative, or investigative,
      by reason of the fact that such director or officer is or was a director or
      officer of the Registrant, or serving as a director or officer of another
      corporation at the request of the Registrant, to the fullest extent legally
      permissible under and pursuant to any procedure specified in the DGCL, and
      ,
      further, authorize the Registrant to maintain insurance, at its expense, to
      protect itself and any director, officer, employee or agent of the Registrant
      or
      any corporation, partnership, joint venture, trust or other enterprise against
      any expense, liability or loss, whether or not the Registrant would have
      the&#160; power to indemnify such person against such expense, liability
      or loss
      under the DGCL.</p>
    <p style="MARGIN: 0in 0in 0pt">&#160;</p>
    <p style="MARGIN: 0in 0in 0pt"><strong>Item 7.&#160; Exemption from Registration
      Claimed</strong></p>
    <p style="MARGIN: 0in 0in 0pt">&#160;</p>
    <p style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in">Not Applicable. </p>
    <p style="MARGIN: 0in 0in 0pt">&#160;</p>
    <div>&#160;</div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">5</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div>
    <div><br clear="all">&#160;</div>
    <p style="MARGIN: 0in 0in 0pt"><strong>Item 8.&#160; Exhibits</strong></p>
    <p style="MARGIN: 0in 0in 0pt">&#160;</p>
    <div>
      <table cellpadding="0" cellspacing="0" width="100%">

          <tr>
            <td align="justify" valign="top" width="10%" style="BORDER-BOTTOM: black thin solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><strong>Exhibit</strong></font></div>
            </td>
            <td align="justify" valign="top" width="69%" style="BORDER-BOTTOM: black thin solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><strong>Description</strong></font></div>
            </td>
          </tr>
          <tr>
            <td align="justify" valign="top" width="10%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">4.1</font></div>
            </td>
            <td align="justify" valign="top" width="69%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">&#160;
                Restated Certificate of Incorporation of Dillard&#8217;s, Inc. (Incorporated by
                reference to Exhibit 3 of the </font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">&#160;
                Company&#8217;s Quarterly Report or Form 10-Q for the quarter ended August 1,
                1992)*</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
            </td>
          </tr>
          <tr>
            <td align="justify" valign="top" width="10%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">4.2</font></div>
            </td>
            <td align="justify" valign="top" width="69%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">&#160;
                Bylaws of Dillard&#8217;s, Inc. (Incorporated by reference to Exhibit 3(b) of
                the Company&#8217;s Current</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">&#160;
                Report on Form 8-K dated May 26, 2005)*</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
            </td>
          </tr>
          <tr>
            <td align="justify" valign="top" width="10%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">4.3</font></div>
            </td>
            <td align="justify" valign="top" width="69%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">&#160;
                Rights Agreement, dated as of March 2, 2002 between the Company,
                the
                Registrar and the Transfer</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">&#160;
                Company, as Rights Agent (Incorporated by reference to Exhibit 1
                of the
                Company&#8217;s Registration</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">&#160;
                Statement on Form 8-A dated March 15, 2002)*</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
            </td>
          </tr>
          <tr>
            <td align="justify" valign="top" width="10%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">4.4</font></div>
            </td>
            <td align="left" valign="top" width="69%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">&#160;
                Dillard&#8217;s, Inc. Stock Bonus Plan (incorporated by reference to Exhibit
                10.1 to the Registrant&#8217;s </font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">&#160;
                Quarterly Report or Form 10-Q for the quarter ended April 30,
                2005)*</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td align="justify" valign="top" width="10%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">4.5</font></div>
            </td>
            <td align="left" valign="top" width="69%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">&#160;
                Dillard&#8217;s, Inc. Stock Purchase Plan (incorporated by reference to Exhibit
                10.2 to the Registrant&#8217;s </font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">&#160;
                Quarterly Report or Form 10-Q for the quarter ended April 30,
                2005)*</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td align="justify" valign="top" width="10%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">4.6</font></div>
            </td>
            <td align="left" valign="top" width="69%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">&#160;
                Dillard&#8217;s Inc. 2005 Non-Employee Director Restricted Stock Plan
                (incorporated by reference to </font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">&#160;
                Exhibit 10.3 to the Registrant&#8217;s Quarterly Report or Form 10-Q for the
                quarter ended </font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">&#160;
                April 30, 2005)*</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td align="justify" valign="top" width="10%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">5.1</font></div>
            </td>
            <td align="justify" valign="top" width="69%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">&#160;
                Opinion of Kutak Rock LLP </font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
            </td>
          </tr>
          <tr>
            <td align="justify" valign="top" width="10%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">23.1</font></div>
            </td>
            <td align="justify" valign="top" width="69%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">&#160;
                Consent of Kutak Rock LLP (included in Exhibit 5.1)</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
            </td>
          </tr>
          <tr>
            <td align="justify" valign="top" width="10%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">23.2</font></div>
            </td>
            <td align="justify" valign="top" width="69%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">&#160;
                Consent of Deloitte &amp; Touche LLP</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
            </td>
          </tr>
          <tr>
            <td align="justify" valign="top" width="10%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">24.1</font></div>
            </td>
            <td align="justify" valign="top" width="69%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">&#160;
                Powers of attorney </font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
            </td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">*&#160;Previously
      filed</font></div>
    <div align="left">&#160;</div>
    <p style="MARGIN: 0in 0in 0pt">&#160;</p>
    <p style="MARGIN: 0in 0in 0pt"><strong>Item 9.&#160; Undertakings</strong></p>
    <p style="MARGIN: 0in 0in 0pt">&#160;</p>
    <p style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">The
      undersigned registrant hereby undertakes: </font></p>
    <p style="MARGIN: 0in 0in 0pt 0.5in; TEXT-INDENT: 0.5in">(1)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
      To file, during any period in which offers or sales are being made, a
      post-effective amendment to this Registration Statement: </p>
    <p style="MARGIN: 0in 0in 0pt">&#160;</p>
    <p style="MARGIN: 0in 0in 0pt 1in; TEXT-INDENT: 0.5in">(i)To include any
      prospectus required by Section 10(a)(3) of the Securities Act; </p>
    <p style="MARGIN: 0in 0in 0pt">&#160;</p>
    <p style="MARGIN: 0in 0in 0pt 1in; TEXT-INDENT: 0.5in">(ii)To reflect in the
      Prospectus any facts or events arising after the effective date of this
      Registration Statement (or the most recent post-effective amendment thereof)
      which, individually or in the aggregate, represent a fundamental change in
      the
      information set forth in this Registration Statement; and </p>
    <p style="MARGIN: 0in 0in 0pt">&#160;</p>
    <p style="MARGIN: 0in 0in 0pt 1in; TEXT-INDENT: 0.5in">(iii)To include any
      material information with respect to the plan of distribution not previously
      disclosed in this Registration Statement or any material change to such
      information in this Registration Statement; </p>
    <p style="MARGIN: 0in 0in 0pt">&#160;</p>
    <p style="MARGIN: 0in 0in 0pt 0.5in">provided, however, that paragraphs
      (a)(1)(i) and (a)(1)(ii) do not apply if the information required to be included
      in a post-effective amendment by those paragraphs is contained in periodic
      reports filed by the registrant pursuant to Section 13 or Section 15(d) of
      the
      Exchange Act that are incorporated by reference in this Registration Statement.
      </p>
    <p style="MARGIN: 0in 0in 0pt">&#160;</p>
    <p style="MARGIN: 0in 0in 0pt">&#160;</p>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">6</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div>
    <p style="MARGIN: 0in 0in 0pt">&#160;</p>
    <p style="MARGIN: 0in 0in 0pt">&#160;</p>
    <p style="MARGIN: 0in 0in 0pt 0.5in; TEXT-INDENT: 0.5in">(2)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
      That, for the purpose of determining any liability under the Securities Act,
      each such post-effective amendment shall be deemed to be a new registration
      statement relating to the securities offered therein, and the offering of such
      securities at that time shall be deemed to be the initial bona fide offering
      thereof. </p>
    <p style="MARGIN: 0in 0in 0pt">&#160;</p>
    <p style="MARGIN: 0in 0in 0pt 0.5in; TEXT-INDENT: 0.5in">(3)
      &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
      To remove from registration by means of a post-effective amendment any of the
      securities being registered which remain unsold at the termination of the
      offering. </p>
    <p style="MARGIN: 0in 0in 0pt">&#160;</p>
    <p style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
      The undersigned hereby undertakes that, for purposes of determining any
      liability under the Securities Act, each filing of the registrant&#8217;s annual
      report pursuant to Section 13(a) or Section 15(d) of the Exchange Act (and,
      where applicable, each filing of an employee benefit plan&#8217;s annual report
      pursuant to Section 15(d) of the Exchange Act) that is incorporated by reference
      in the Registration Statement shall be deemed to be a new registration statement
      relating to the securities offered therein, and the offering of such securities
      at that time shall be deemed to be the initial bona fide offering thereof.
</p>
    <p style="MARGIN: 0in 0in 0pt">&#160;</p>
    <p style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in">(c)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
      Insofar as indemnification for liabilities arising under the Securities Act
      may
      be permitted to directors, officers and controlling persons of the registrant
      pursuant to the foregoing provisions, or otherwise, we have been advised that
      in
      the opinion of the Commission such indemnification is against public policy
      as
      expressed in the Securities Act and is, therefore, unenforceable. In the event
      that a claim for indemnification against such liabilities (other than the
      payment by the registrant of expenses incurred or paid by a director, officer
      or
      controlling person of the registrant in the successful defense of any action,
      suit or proceeding) is asserted by such director, officer or controlling person
      in connection with the securities being registered, the registrant will, unless
      in the opinion of its counsel the matter has been settled by controlling
      precedent, submit to a court of appropriate jurisdiction the question whether
      such indemnification by it is against public policy as expressed in the
      Securities Act and will be governed by the final adjudication of such issue.
      </p>
    <p style="MARGIN: 0in 0in 0pt">&#160;</p>
    <p style="MARGIN: 0in 0in 0pt">&#160;</p>
    <p style="MARGIN: 0in 0in 0pt">&#160;</p>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">7</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div><br clear="all">
    <p align="center" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center"><strong>SIGNATURES</strong></p>
    <p style="MARGIN: 0in 0in 0pt">&#160;</p>
    <p style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in">Pursuant to the requirements
      of the Securities Act of 1933, the Registrant certifies that it has reasonable
      grounds to believe that it meets all of the requirements for filing on Form
      S-8
      and has duly caused this Registration Statement to be signed on its behalf
      by
      the undersigned, thereunto duly authorized, in the City of Little Rock, the
      State of Arkansas, on June 21, 2005.</p>
    <p style="MARGIN: 0in 0in 0pt">&#160;</p>
    <p style="MARGIN: 0in 0in 0pt 3in">DILLARD&#8217;S, INC.</p>
    <p style="MARGIN: 0in 0in 0pt 3in">&#160;</p>
    <p style="MARGIN: 0in 0in 0pt 3in">By: <u>/s/ Paul J. Schroeder, Jr.</u></p>
    <p style="MARGIN: 0in 0in 0pt 3in">Name:Paul J. Schroeder, Jr.</p>
    <p style="MARGIN: 0in 0in 0pt 2.5in; TEXT-INDENT: 0.5in">Title:Vice President,
      General Counsel, Secretary</p>
    <p style="MARGIN: 0in 0in 0pt">&#160;</p>
    <p style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in">Pursuant to the requirements
      of the Securities Act of 1933, this Registration Statement has been signed
      below
      by the following individuals in the capacities and on the date or dates
      indicated.</p>
    <p style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in">&#160;</p>
    <p style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in">&#160;</p>
    <p style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in">
    </p>
    <div>
      <table border="0" cellpadding="0" cellspacing="0" style="BORDER-COLLAPSE: collapse; mso-padding-alt: 0in 5.4pt 0in 5.4pt; mso-table-layout-alt: fixed">

          <tr style="HEIGHT: 11.25pt">
            <td valign="top" width="213" style="BORDER-RIGHT: #d4d0c8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.6pt; PADDING-TOP: 0in; BORDER-BOTTOM: #d4d0c8; HEIGHT: 11.25pt; BACKGROUND-COLOR: transparent">
              <p align="center" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center"><strong>Signature</strong></p>
            </td>
            <td colspan="2" valign="top" width="293" style="BORDER-RIGHT: #d4d0c8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 219.8pt; PADDING-TOP: 0in; BORDER-BOTTOM: #d4d0c8; HEIGHT: 11.25pt; BACKGROUND-COLOR: transparent">
              <p align="center" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center"><strong>Title</strong></p>
            </td>
            <td valign="top" width="133" style="BORDER-RIGHT: #d4d0c8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 99.4pt; PADDING-TOP: 0in; BORDER-BOTTOM: #d4d0c8; HEIGHT: 11.25pt; BACKGROUND-COLOR: transparent">
              <p align="center" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center"><strong>Date</strong></p>
            </td>
          </tr>
          <tr>
            <td valign="top" width="213" style="BORDER-RIGHT: #d4d0c8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.6pt; PADDING-TOP: 0in; BORDER-BOTTOM: #d4d0c8; BACKGROUND-COLOR: transparent">
              <p style="MARGIN: 0in 0in 0pt">&#160;</p>
              <p style="MARGIN: 0in 0in 0pt"><u>/s/ Robert C.Connor*&#160;&#160;&#160;
                </u></p>
              <p style="MARGIN: 0in 0in 0pt">(Robert C. Connor)</p>
            </td>
            <td colspan="2" valign="top" width="293" style="BORDER-RIGHT: #d4d0c8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 219.8pt; PADDING-TOP: 0in; BORDER-BOTTOM: #d4d0c8; BACKGROUND-COLOR: transparent">
              <p style="MARGIN: 0in 0in 0pt">&#160;</p>
              <p style="MARGIN: 0in 0in 0pt">Director</p>
              <p style="MARGIN: 0in 0in 0pt">&#160;</p>
            </td>
            <td width="133" style="BORDER-RIGHT: #d4d0c8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 99.4pt; PADDING-TOP: 0in; BORDER-BOTTOM: #d4d0c8; BACKGROUND-COLOR: transparent">
              <p align="center" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center">June
                21,
                2005</p>
            </td>
          </tr>
          <tr>
            <td valign="top" width="213" style="BORDER-RIGHT: #d4d0c8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.6pt; PADDING-TOP: 0in; BORDER-BOTTOM: #d4d0c8; BACKGROUND-COLOR: transparent">
              <p style="MARGIN: 0in 0in 0pt">&#160;</p>
              <p style="MARGIN: 0in 0in 0pt"><u>/s/ Drue Corbusier*&#160;&#160;&#160;
                </u></p>
              <p style="MARGIN: 0in 0in 0pt">(Drue Corbusier)</p>
            </td>
            <td colspan="2" valign="top" width="293" style="BORDER-RIGHT: #d4d0c8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 219.8pt; PADDING-TOP: 0in; BORDER-BOTTOM: #d4d0c8; BACKGROUND-COLOR: transparent">
              <p style="MARGIN: 0in 0in 0pt">&#160;</p>
              <p style="MARGIN: 0in 0in 0pt">Executive Vice President and Director</p>
              <p style="MARGIN: 0in 0in 0pt">&#160;</p>
            </td>
            <td width="133" style="BORDER-RIGHT: #d4d0c8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 99.4pt; PADDING-TOP: 0in; BORDER-BOTTOM: #d4d0c8; BACKGROUND-COLOR: transparent">
              <p align="center" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center">June
                21,
                2005</p>
            </td>
          </tr>
          <tr>
            <td valign="top" width="213" style="BORDER-RIGHT: #d4d0c8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.6pt; PADDING-TOP: 0in; BORDER-BOTTOM: #d4d0c8; BACKGROUND-COLOR: transparent">
              <p style="MARGIN: 0in 0in 0pt">&#160;</p>
              <p style="MARGIN: 0in 0in 0pt"><u>/s/ Will D.
                Davis*&#160;&#160;&#160;&#160;&#160;&#160; </u></p>
              <p style="MARGIN: 0in 0in 0pt">(Will D. Davis)</p>
            </td>
            <td colspan="2" valign="top" width="293" style="BORDER-RIGHT: #d4d0c8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 219.8pt; PADDING-TOP: 0in; BORDER-BOTTOM: #d4d0c8; BACKGROUND-COLOR: transparent">
              <p style="MARGIN: 0in 0in 0pt">&#160;</p>
              <p style="MARGIN: 0in 0in 0pt">Director</p>
              <p style="MARGIN: 0in 0in 0pt">&#160;</p>
            </td>
            <td width="133" style="BORDER-RIGHT: #d4d0c8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 99.4pt; PADDING-TOP: 0in; BORDER-BOTTOM: #d4d0c8; BACKGROUND-COLOR: transparent">
              <p align="center" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center">June
                21,
                2005</p>
            </td>
          </tr>
          <tr>
            <td valign="top" width="213" style="BORDER-RIGHT: #d4d0c8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.6pt; PADDING-TOP: 0in; BORDER-BOTTOM: #d4d0c8; BACKGROUND-COLOR: transparent">
              <p style="MARGIN: 0in 0in 0pt">&#160;</p>
              <p style="MARGIN: 0in 0in 0pt"><u>/s/ William
                Dillard,&#160;II&#160;&#160;&#160;&#160;&#160; </u></p>
              <p style="MARGIN: 0in 0in 0pt">(William Dillard, II)</p>
            </td>
            <td colspan="2" valign="top" width="293" style="BORDER-RIGHT: #d4d0c8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 219.8pt; PADDING-TOP: 0in; BORDER-BOTTOM: #d4d0c8; BACKGROUND-COLOR: transparent">
              <p style="MARGIN: 0in 0in 0pt">&#160;</p>
              <p style="MARGIN: 0in 0in 0pt">Chairman of the Board and Chief Executive
                Officer (Principal Executive Officer)</p>
            </td>
            <td width="133" style="BORDER-RIGHT: #d4d0c8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 99.4pt; PADDING-TOP: 0in; BORDER-BOTTOM: #d4d0c8; BACKGROUND-COLOR: transparent">
              <p align="center" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center">June
                21,
                2005</p>
            </td>
          </tr>
          <tr>
            <td valign="top" width="213" style="BORDER-RIGHT: #d4d0c8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.6pt; PADDING-TOP: 0in; BORDER-BOTTOM: #d4d0c8; BACKGROUND-COLOR: transparent">
              <p style="MARGIN: 0in 0in 0pt">&#160;</p>
              <p style="MARGIN: 0in 0in 0pt"><u>/s/ Alex
                Dillard*&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
                </u></p>
              <p style="MARGIN: 0in 0in 0pt">(Alex Dillard)</p>
            </td>
            <td colspan="2" valign="top" width="293" style="BORDER-RIGHT: #d4d0c8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 219.8pt; PADDING-TOP: 0in; BORDER-BOTTOM: #d4d0c8; BACKGROUND-COLOR: transparent">
              <p style="MARGIN: 0in 0in 0pt">&#160;</p>
              <p style="MARGIN: 0in 0in 0pt">President and Director</p>
              <p style="MARGIN: 0in 0in 0pt">&#160;</p>
            </td>
            <td width="133" style="BORDER-RIGHT: #d4d0c8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 99.4pt; PADDING-TOP: 0in; BORDER-BOTTOM: #d4d0c8; BACKGROUND-COLOR: transparent">
              <p align="center" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center">June
                21,
                2005</p>
            </td>
          </tr>
          <tr>
            <td valign="top" width="213" style="BORDER-RIGHT: #d4d0c8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.6pt; PADDING-TOP: 0in; BORDER-BOTTOM: #d4d0c8; BACKGROUND-COLOR: transparent">
              <p style="MARGIN: 0in 0in 0pt">&#160;</p>
              <p style="MARGIN: 0in 0in 0pt"><u>/s/ Mike
                Dillard*&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
                </u></p>
              <p style="MARGIN: 0in 0in 0pt">(Mike Dillard)</p>
            </td>
            <td colspan="2" valign="top" width="293" style="BORDER-RIGHT: #d4d0c8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 219.8pt; PADDING-TOP: 0in; BORDER-BOTTOM: #d4d0c8; BACKGROUND-COLOR: transparent">
              <p style="MARGIN: 0in 0in 0pt">&#160;</p>
              <p style="MARGIN: 0in 0in 0pt">Executive Vice President and
                Director</p>
            </td>
            <td width="133" style="BORDER-RIGHT: #d4d0c8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 99.4pt; PADDING-TOP: 0in; BORDER-BOTTOM: #d4d0c8; BACKGROUND-COLOR: transparent">
              <p align="center" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center">June
                21,
                2005</p>
            </td>
          </tr>
          <tr>
            <td valign="top" width="213" style="BORDER-RIGHT: #d4d0c8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.6pt; PADDING-TOP: 0in; BORDER-BOTTOM: #d4d0c8; BACKGROUND-COLOR: transparent">
              <p style="MARGIN: 0in 0in 0pt">&#160;</p>
              <p style="MARGIN: 0in 0in 0pt"><u>/s/ James I.
                Freeman&#160;&#160;&#160;&#160;&#160; </u></p>
              <p style="MARGIN: 0in 0in 0pt">(James I. Freeman)</p>
            </td>
            <td colspan="2" valign="top" width="293" style="BORDER-RIGHT: #d4d0c8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 219.8pt; PADDING-TOP: 0in; BORDER-BOTTOM: #d4d0c8; BACKGROUND-COLOR: transparent">
              <p style="MARGIN: 0in 0in 0pt">&#160;</p>
              <p style="MARGIN: 0in 0in 0pt">Senior Vice President and Chief Financial
                Officer and Director (Principal Financial and Accounting Officer)</p>
            </td>
            <td width="133" style="BORDER-RIGHT: #d4d0c8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 99.4pt; PADDING-TOP: 0in; BORDER-BOTTOM: #d4d0c8; BACKGROUND-COLOR: transparent">
              <p align="center" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center">June
                21,
                2005</p>
            </td>
          </tr>
          <tr>
            <td valign="top" width="213" style="BORDER-RIGHT: #d4d0c8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.6pt; PADDING-TOP: 0in; BORDER-BOTTOM: #d4d0c8; BACKGROUND-COLOR: transparent">
              <p style="MARGIN: 0in 0in 0pt">&#160;</p>
              <p style="MARGIN: 0in 0in 0pt"><u>/s/ John Paul Hammerschmidt*&#160;
                </u></p>
              <p style="MARGIN: 0in 0in 0pt">(John Paul Hammerschmidt)</p>
            </td>
            <td colspan="2" valign="top" width="293" style="BORDER-RIGHT: #d4d0c8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 219.8pt; PADDING-TOP: 0in; BORDER-BOTTOM: #d4d0c8; BACKGROUND-COLOR: transparent">
              <p style="MARGIN: 0in 0in 0pt">&#160;</p>
              <p style="MARGIN: 0in 0in 0pt">Director</p>
              <p style="MARGIN: 0in 0in 0pt">&#160;</p>
            </td>
            <td width="133" style="BORDER-RIGHT: #d4d0c8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 99.4pt; PADDING-TOP: 0in; BORDER-BOTTOM: #d4d0c8; BACKGROUND-COLOR: transparent">
              <p align="center" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center">June
                21,
                2005</p>
            </td>
          </tr>
          <tr>
            <td valign="top" width="213" style="BORDER-RIGHT: #d4d0c8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.6pt; PADDING-TOP: 0in; BORDER-BOTTOM: #d4d0c8; BACKGROUND-COLOR: transparent">
              <p style="MARGIN: 0in 0in 0pt">&#160;</p>
              <p style="MARGIN: 0in 0in 0pt"><u>/s/ Peter R.
                Johnson*&#160;&#160;&#160;&#160;&#160;&#160;&#160;
</u></p>
              <p style="MARGIN: 0in 0in 0pt">(Peter R. Johnson)</p>
            </td>
            <td colspan="2" valign="top" width="293" style="BORDER-RIGHT: #d4d0c8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 219.8pt; PADDING-TOP: 0in; BORDER-BOTTOM: #d4d0c8; BACKGROUND-COLOR: transparent">
              <p style="MARGIN: 0in 0in 0pt">&#160;</p>
              <p style="MARGIN: 0in 0in 0pt">Director</p>
              <p style="MARGIN: 0in 0in 0pt">&#160;</p>
            </td>
            <td width="133" style="BORDER-RIGHT: #d4d0c8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 99.4pt; PADDING-TOP: 0in; BORDER-BOTTOM: #d4d0c8; BACKGROUND-COLOR: transparent">
              <p align="center" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center">June
                21,
                2005</p>
            </td>
          </tr>
          <tr>
            <td valign="top" width="213" style="BORDER-RIGHT: #d4d0c8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.6pt; PADDING-TOP: 0in; BORDER-BOTTOM: #d4d0c8; BACKGROUND-COLOR: transparent">
              <p style="MARGIN: 0in 0in 0pt">&#160;</p>
              <p style="MARGIN: 0in 0in 0pt"><u>/s/ Warren A.
                Stephens*&#160;&#160;&#160; </u></p>
              <p style="MARGIN: 0in 0in 0pt">(Warren A. Stephens)</p>
            </td>
            <td colspan="2" valign="top" width="293" style="BORDER-RIGHT: #d4d0c8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 219.8pt; PADDING-TOP: 0in; BORDER-BOTTOM: #d4d0c8; BACKGROUND-COLOR: transparent">
              <p style="MARGIN: 0in 0in 0pt">&#160;</p>
              <p style="MARGIN: 0in 0in 0pt">Director</p>
              <p style="MARGIN: 0in 0in 0pt">&#160;</p>
            </td>
            <td width="133" style="BORDER-RIGHT: #d4d0c8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 99.4pt; PADDING-TOP: 0in; BORDER-BOTTOM: #d4d0c8; BACKGROUND-COLOR: transparent">
              <p align="center" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center">June
                21,
                2005</p>
            </td>
          </tr>
          <tr>
            <td valign="top" width="213" style="BORDER-RIGHT: #d4d0c8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.6pt; PADDING-TOP: 0in; BORDER-BOTTOM: #d4d0c8; BACKGROUND-COLOR: transparent">
              <p style="MARGIN: 0in 0in 0pt">&#160;</p>
              <p style="MARGIN: 0in 0in 0pt"><u>/s/ William H.
                Sutton*&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
</u></p>
              <p style="MARGIN: 0in 0in 0pt">(William H. Sutton)</p>
            </td>
            <td colspan="2" valign="top" width="293" style="BORDER-RIGHT: #d4d0c8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 219.8pt; PADDING-TOP: 0in; BORDER-BOTTOM: #d4d0c8; BACKGROUND-COLOR: transparent">
              <p style="MARGIN: 0in 0in 0pt">&#160;</p>
              <p style="MARGIN: 0in 0in 0pt">Director</p>
              <p style="MARGIN: 0in 0in 0pt">&#160;</p>
            </td>
            <td width="133" style="BORDER-RIGHT: #d4d0c8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 99.4pt; PADDING-TOP: 0in; BORDER-BOTTOM: #d4d0c8; BACKGROUND-COLOR: transparent">
              <p align="center" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center">June
                21,
                2005</p>
            </td>
          </tr>
          <tr>
            <td valign="top" width="213" style="BORDER-RIGHT: #d4d0c8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.6pt; PADDING-TOP: 0in; BORDER-BOTTOM: #d4d0c8; BACKGROUND-COLOR: transparent">
              <p style="MARGIN: 0in 0in 0pt">&#160;</p>
              <p style="MARGIN: 0in 0in 0pt; mso-pagination: widow-orphan lines-together"><u>/s/
                J.C. Watts,
                Jr.*&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
                </u></p>
              <p style="MARGIN: 0in 0in 0pt; mso-pagination: widow-orphan lines-together">(J.C.
                Watts, Jr.)</p>
            </td>
            <td colspan="2" valign="top" width="293" style="BORDER-RIGHT: #d4d0c8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 219.8pt; PADDING-TOP: 0in; BORDER-BOTTOM: #d4d0c8; BACKGROUND-COLOR: transparent">
              <p style="MARGIN: 0in 0in 0pt">&#160;</p>
              <p style="MARGIN: 0in 0in 0pt">Director</p>
              <p style="MARGIN: 0in 0in 0pt">&#160;</p>
            </td>
            <td width="133" style="BORDER-RIGHT: #d4d0c8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 99.4pt; PADDING-TOP: 0in; BORDER-BOTTOM: #d4d0c8; BACKGROUND-COLOR: transparent">
              <p align="center" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center">June
                21,
                2005</p>
            </td>
          </tr>
          <tr>
            <td colspan="2" valign="top" width="232" style="BORDER-RIGHT: #d4d0c8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 173.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: #d4d0c8; BACKGROUND-COLOR: transparent">
              <p style="MARGIN: 0in 0in 0pt">&#160;</p>
              <p style="MARGIN: 0in 0in 0pt"><u>*&#160; BY /s/ Paul J. Schroeder,
                Jr.&#160;&#160;&#160;&#160;&#160;&#160; </u></p>
              <p style="MARGIN: 0in 0in 0pt">(Paul J. Schroeder, Jr., Attorney in
                Fact)</p>
            </td>
            <td valign="top" width="274" style="BORDER-RIGHT: #d4d0c8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 205.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: #d4d0c8; BACKGROUND-COLOR: transparent">
              <p style="MARGIN: 0in 0in 0pt">&#160;</p>
            </td>
            <td width="133" style="BORDER-RIGHT: #d4d0c8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 99.4pt; PADDING-TOP: 0in; BORDER-BOTTOM: #d4d0c8; BACKGROUND-COLOR: transparent">
              <p align="center" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center">June
                21,
                2005</p>
            </td>
          </tr>

      </table>
    </div>
    <p style="MARGIN: 0in 0in 0pt">&#160;</p>
    <p style="MARGIN: 0in 0in 0pt">&#160;</p>
    <div>
    </div>
    <div>
    </div>
    <p style="MARGIN: 0in 0in 0pt">&#160;</p>
    <p style="MARGIN: 0in 0in 0pt">&#160;</p>
    <p style="MARGIN: 0in 0in 0pt">&#160;</p>
    <p style="MARGIN: 0in 0in 0pt">&#160;</p>
    <p style="MARGIN: 0in 0in 0pt">&#160;</p>
    <p style="MARGIN: 0in 0in 0pt">&#160;</p>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">8</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div>
    <p style="MARGIN: 0in 0in 0pt">&#160;</p>
    <p style="MARGIN: 0in 0in 0pt">&#160;</p>
    <p style="MARGIN: 0in 0in 0pt">&#160;</p>
    <p align="center" style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><br><strong>EXHIBIT
      INDEX</strong></font></p>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
    <div>
      <table cellpadding="0" cellspacing="0" width="100%">

          <tr>
            <td align="justify" valign="top" width="10%" style="BORDER-BOTTOM: black thin solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><strong>Exhibit</strong></font></div>
            </td>
            <td align="justify" valign="top" width="69%" style="BORDER-BOTTOM: black thin solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><strong>Description</strong></font></div>
            </td>
          </tr>
          <tr>
            <td align="justify" valign="top" width="10%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">4.1</font></div>
            </td>
            <td align="justify" valign="top" width="69%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">&#160;
                Restated Certificate of Incorporation of Dillard&#8217;s, Inc. (Incorporated by
                reference to Exhibit 3 of the </font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">&#160;
                Company&#8217;s Quarterly Report or Form 10-Q for the quarter ended August 1,
                1992)*</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
            </td>
          </tr>
          <tr>
            <td align="justify" valign="top" width="10%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">4.2</font></div>
            </td>
            <td align="justify" valign="top" width="69%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">&#160;
                Bylaws of Dillard&#8217;s, Inc. (Incorporated by reference to Exhibit 3(b) of
                the Company&#8217;s Current</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">&#160;
                Report on Form 8-K dated May 26, 2005)*</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
            </td>
          </tr>
          <tr>
            <td align="justify" valign="top" width="10%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">4.3</font></div>
            </td>
            <td align="justify" valign="top" width="69%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">&#160;
                Rights Agreement, dated as of March 2, 2002 between the Company,
                the
                Registrar and the Transfer</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">&#160;
                Company, as Rights Agent (Incorporated by reference to Exhibit 1
                of the
                Company&#8217;s Registration</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">&#160;
                Statement on Form 8-A dated March 15, 2002)*</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
            </td>
          </tr>
          <tr>
            <td align="justify" valign="top" width="10%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">4.4</font></div>
            </td>
            <td align="left" valign="top" width="69%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">&#160;
                Dillard&#8217;s, Inc. Stock Bonus Plan (incorporated by reference to Exhibit
                10.1 to the Registrant&#8217;s </font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">&#160;
                Quarterly Report or Form 10-Q for the quarter ended April 30,
                2005)*</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td align="justify" valign="top" width="10%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">4.5</font></div>
            </td>
            <td align="left" valign="top" width="69%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">&#160;
                Dillard&#8217;s, Inc. Stock Purchase Plan (incorporated by reference to Exhibit
                10.2 to the Registrant&#8217;s </font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">&#160;
                Quarterly Report or Form 10-Q for the quarter ended April 30,
                2005)*</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td align="justify" valign="top" width="10%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">4.6</font></div>
            </td>
            <td align="left" valign="top" width="69%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">&#160;
                Dillard&#8217;s Inc. 2005 Non-Employee Director Restricted Stock Plan
                (incorporated by reference to </font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">&#160;
                Exhibit 10.3 to the Registrant&#8217;s Quarterly Report or Form 10-Q for the
                quarter ended </font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">&#160;
                April 30, 2005)*</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td align="justify" valign="top" width="10%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">5.1</font></div>
            </td>
            <td align="justify" valign="top" width="69%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">&#160;
                Opinion of Kutak Rock LLP </font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
            </td>
          </tr>
          <tr>
            <td align="justify" valign="top" width="10%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">23.1</font></div>
            </td>
            <td align="justify" valign="top" width="69%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">&#160;
                Consent of Kutak Rock LLP (included in Exhibit 5.1)</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
            </td>
          </tr>
          <tr>
            <td align="justify" valign="top" width="10%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">23.2</font></div>
            </td>
            <td align="justify" valign="top" width="69%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">&#160;
                Consent of Deloitte &amp; Touche LLP</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
            </td>
          </tr>
          <tr>
            <td align="justify" valign="top" width="10%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">24.1</font></div>
            </td>
            <td align="justify" valign="top" width="69%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">&#160;
                Powers of attorney </font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
            </td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">*</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Previously
      filed</font></div>
  </body>
</html>
[{"type": "S-8", "sequence": "1", "filename": "forms8.htm", "description": "DILLARD'S, INC. FORM S-8", "secsgml_size_bytes": 97982}]
{"company-data": {"conformed-name": "DILLARDS INC", "cik": "0000028917", "assigned-sic": "5311", "irs-number": "710388071", "state-of-incorporation": "DE", "fiscal-year-end": "0129"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-126000", "film-number": "05908069"}, "business-address": {"street1": "1600 CANTRELL RD", "city": "LITTLE ROCK", "state": "AR", "zip": "72201", "phone": "5013765200"}, "former-company": {"former-conformed-name": "DILLARD DEPARTMENT STORES INC", "date-changed": "19920703"}}
Dillard's, Inc. Form S-8
As filed with
      the Securities and Exchange Commission on June 21, 2005
Registration
      No.
      333-_____
UNITED
      STATES
SECURITIES
      AND EXCHANGE COMMISSION
WASHINGTON,
      D.C. 20549
_________________________
FORM
      S-8
REGISTRATION
      STATEMENT
UNDER
THE
      SECURITIES ACT OF 1933
_________________________
Dillard's,
      Inc.
(Exact name
      of
      Registrant as specified in its charter)
Delaware
(State or other jurisdiction of
incorporation or organization)
71-0388071
(IRS
                Employer
Identification
                No.)
_________________________
1600 Cantrell
      Road
Little Rock,
      Arkansas 72201
501-376-5200
(Address,
      including telephone number, of Principal Executive Offices)
_________________________
DILLARD'S,
      INC. STOCK BONUS PLAN
DILLARD'S,
      INC. STOCK PURCHASE PLAN
DILLARD'S
      INC. 2005 NON-EMPLOYEE DIRECTOR RESTRICTED STOCK
      PLAN
(Full Title
      of
      the Plans)
_________________________
Paul J.
      Schroeder, Jr.
Vice President,
      General Counsel and Secretary
Dillard's,
      Inc.
1600 Cantrell
      Road
Little Rock,
      Arkansas 72201
501-376-5200
(Name, address
      and telephone number,
including
      area
      code, of agent for service)
_________________________
Copies
      to:
John P.
      Fletcher
Kutak Rock
      LLP
1
425 West Capitol
      Avenue, Suite 1100
Little Rock,
      AR
      72201
_________________________
CALCULATION
      OF REGISTRATION FEE
Title
                of securities to be registered
Amount
                to be registered (1)
Proposed
                maximum offering price per
                share
Proposed
                maximum aggregate offering
                price
Amount
                of registration fee
Class
                A Common Stock, $0.01 par value, reserved under the Dillard's, Inc. Stock
                Bonus Plan
600,000
25.28(2)
$15,168,000
--------------
Class
                A Common
                Stock, $0.01 par value, reserved under the Dillard's, Inc. Stock Purchase
                Plan
1,000,000
25.28(2)
$25,280,000
--------------
Class
                A Common
                Stock, $0.01 par value, reserved under the Dillard's Inc. 2005
                Non-Employee Director Restricted Stock Plan
200,000
25.28(2)
$5,056,000
--------------
Total
1,800,000
$45,504,000
$5,355.82
(1)          
      Pursuant to Rule 416(a) of the Securities Act of 1933, as amended, the number
      of
      shares being registered shall include an indeterminate number of additional
      shares of Class A Common Stock which may become issuable as a result of stock
      splits, stock dividends, or similar transactions in accordance with the
      anti-dilution provisions of the Dillard's, Inc. Stock Bonus Plan, Dillard's,
      Inc. Stock Purchase Plan and Dillard's Inc. 2005 Non-Employee Director
      Restricted Stock Plan.
(2)               
      Estimated solely for the purpose of determining the registration fee pursuant
      to
      Rule 457(c) and (h)(1) of the Securities Act of 1933, as amended. The price
      is
      based upon the average of the high and low sales price per share of Class A
      Common Stock on June 14, 2005, as reported on the New York Stock Exchange.
2
EXPLANATORY
      NOTE
Dillard's,
      Inc. (the "Registrant") has prepared this registration statement in accordance
      with the requirements of Form S-8 under the Securities Act of 1933, as amended
      (the "Securities Act"), to register 1,800,000 shares of its Class A Common
      Stock, par value $0.01 per share, issuable pursuant to the Dillard's, Inc. Stock
      Bonus Plan, Dillard's, Inc. Stock Purchase Plan and Dillard's Inc. 2005
      Non-Employee Director Restricted Stock Plan.
PART
      I
INFORMATION
      REQUIRED IN THE SECTION 10(a)
      PROSPECTUS
Item 1.  Plan Information*
Item 2.  Registrant Information
      and
      Employee Plan Annual Information*
*             
      The documents containing the information specified in Part I of Form S-8 will
      be
      sent or given to employees as specified by Rule 428(b)(1) of the Securities
      Act.
      Such documents need not be filed with the Securities and Exchange Commission
      (the "SEC") either as part of this registration statement or as prospectuses or
      prospectus supplements pursuant to Rule 424 of the Securities Act. These
      documents and the documents incorporated by reference in this registration
      statement pursuant to Item 3 of Part II of this registration statement, taken
      together, constitute a prospectus that meets the requirements of Section 10(a)
      of the Securities Act.
3
PART
      II
INFORMATION
      REQUIRED IN THE REGISTRATION
      STATEMENT
Item 3.  Incorporation of Documents
      by Reference
The following documents
      previously filed by us with the Securities and Exchange Commission (the
      Commission), are incorporated by reference into this Registration Statement:
(a)               
      Our Annual Report on Form 10-K for the fiscal year ended January 29, 2005,
      filed
      with the Commission on April 14, 2005.
(b)               
      Our Quarterly Report on Form 10-Q for the quarterly period ended April 30,
      2005,
      filed with the Commission on June 9, 2005.
(c)               
      Our Current Reports on Form 8-K filed with the Commission on May 24, 2005
      (regarding the Registrant's repurchase up to $200 million of its Class A Common
      Stock), May 26, 2005, and June 3, 2005.
(d)               
      The description of the Registrant's Class A Common Stock contained in the
      Registration Statement on Form 8-A filed with the Commission on June 8, 1989,
      and any amendment or report filed with the Commission for the purpose of
      updating such description.
All reports and other
      documents subsequently filed by us pursuant to Section 13(a), 13(c), 14 or
      15(d)
      of the Securities Exchange Act of 1934, as amended (Exchange Act), prior to
      the
      filing of a post-effective amendment which indicates that all securities offered
      have been sold or which deregisters all securities then remaining unsold shall
      be deemed to be incorporated by reference in this Registration Statement and
      to
      be a part hereof from the date of filing of such documents.
Any statement contained
      herein or in a document all or a portion of which is incorporated or deemed
      to
      be incorporated by reference herein shall be deemed to be modified or superseded
      for purposes of this Registration Statement to the extent that a statement
      contained herein or in any other subsequently filed document which also is
      or is
      deemed to be incorporated by reference herein modifies or supersedes such
      statement. Any such statement so modified or superseded shall not be deemed,
      except as so modified or superseded, to constitute a part of this Registration
      Statement.
Item 4.  Description of
      Securities
Not Applicable.
Item 5.  Interests of Named Experts
      and Counsel
Not Applicable.
Item 6.  Indemnification of
      Directors and Officers
Under Section 145 of the
      Delaware General Corporation Law, as amended ("DGCL"), a corporation may
      indemnify any person who was or is a party or is threatened to be made a party
      to any threatened, pending or completed action, suit or proceeding, whether
      civil, criminal, administrative or investigative (other than an action by or
      in
      the right of the corporation) by reason of the fact that he or she is or was
      a
      director, officer, employee or agent of the corporation, or is or was serving
      at
      the request of the corporation as a director, officer, employee or agent of
      another corporation, partnership, joint venture, trust or other enterprise,
      against expenses (including attorneys' fees), judgments, fines and amounts paid
      in settlement actually and reasonably incurred by such person in connection
      with
      such action, suit or proceeding (i) if such person acted in good faith and
      in a
      manner that such person reasonably believed to be in or not opposed to the
      best
      interests of the corporation and (ii) with respect to any criminal action or
4
proceeding, if he
      or
      she had no reasonable cause to believe such conduct was unlawful. In actions
      brought by or in the right of the corporation, a corporation may indemnify
      such
      person against expenses (including attorneys' fees) actually and reasonably
      incurred by such person in connection with the defense or settlement of such
      action or suit if such person acted in good faith and in a manner that such
      person reasonably believed to be in or not opposed to the best interests of
      the
      corporation, except that no indemnification may be made in respect of any claim,
      issue or matter as to which that person shall have been adjudged to be liable
      to
      the corporation unless and only to the extent that the Court of Chancery of
      the
      State of Delaware or the court in which such action or suit was brought shall
      determine upon application that, despite the adjudication of liability but
      in
      view of all circumstances of the case, such person is fairly and reasonably
      entitled to indemnification for such expenses which the Court of Chancery or
      other such court shall deem proper. To the extent that such person has been
      successful on the merits or otherwise in defending any such action, suit or
      proceeding referred to above or any claim, issue or matter therein, he or she
      is
      entitled to indemnification for expenses (including attorneys' fees) actually
      and reasonably incurred by such person in connection therewith. A corporation
      may pay expenses (including attorneys' fees) incurred by an officer or director
      in defending any civil, criminal, administrative or investigative action, suit
      or proceeding in advance of the final disposition of such action, suit or
      proceeding upon receipt of an undertaking by or on behalf of such director
      or
      officer to repay such amount if it shall ultimately be determined that such
      person is not entitled to be indemnified by the corporation. Such expenses
      (including attorneys' fees) incurred by former directors or officers or other
      employees or agents may be so paid upon such terms and conditions, if any,
      as
      the corporation deems appropriate. The indemnification and advancement of
      expenses provided for or granted pursuant to Section 145 is not exclusive of
      any
      other rights of indemnification or advancement of expenses to which those
      seeking indemnification or advancement of expenses may be entitled, and a
      corporation may purchase and maintain insurance against liabilities asserted
      against any former or current director, officer, employee or agent of the
      corporation, or a person who is or was serving at the request of the corporation
      as a director, officer, employee or agent of another corporation, partnership,
      joint venture, trust or other enterprise, whether or not the power to indemnify
      is provided by the statute.
Article IX of the
      Registrant's Certificate of Incorporation provides for the elimination of
      personal liability of a director for breach of fiduciary duty as permitted
      by
      Section 102(b)(7) of the DGCL.
Article III, Section Five of the Registrant's Amended Bylaws provides
      indemnification rights to a director or officer of the Registrant against all
      expenses, liabilities, and losses (including attorney's fees, judgments, fines,
      ERISA excise taxes, and amounts paid or to be paid in settlement) reasonably
      incurred or suffered by such officer or director in connection with any action,
      suit, or proceeding, whether civil, criminal, administrative, or investigative,
      by reason of the fact that such director or officer is or was a director or
      officer of the Registrant, or serving as a director or officer of another
      corporation at the request of the Registrant, to the fullest extent legally
      permissible under and pursuant to any procedure specified in the DGCL, and
      ,
      further, authorize the Registrant to maintain insurance, at its expense, to
      protect itself and any director, officer, employee or agent of the Registrant
      or
      any corporation, partnership, joint venture, trust or other enterprise against
      any expense, liability or loss, whether or not the Registrant would have
      the  power to indemnify such person against such expense, liability
      or loss
      under the DGCL.
Item 7.  Exemption from Registration
      Claimed
Not Applicable.
5
Item 8.  Exhibits
Exhibit
Description
4.1
Restated Certificate of Incorporation of Dillard's, Inc. (Incorporated by
                reference to Exhibit 3 of the
Company's Quarterly Report or Form 10-Q for the quarter ended August 1,
                1992)*
4.2
Bylaws of Dillard's, Inc. (Incorporated by reference to Exhibit 3(b) of
                the Company's Current
Report on Form 8-K dated May 26, 2005)*
4.3
Rights Agreement, dated as of March 2, 2002 between the Company,
                the
                Registrar and the Transfer
Company, as Rights Agent (Incorporated by reference to Exhibit 1
                of the
                Company's Registration
Statement on Form 8-A dated March 15, 2002)*
4.4
Dillard's, Inc. Stock Bonus Plan (incorporated by reference to Exhibit
                10.1 to the Registrant's
Quarterly Report or Form 10-Q for the quarter ended April 30,
                2005)*
4.5
Dillard's, Inc. Stock Purchase Plan (incorporated by reference to Exhibit
                10.2 to the Registrant's
Quarterly Report or Form 10-Q for the quarter ended April 30,
                2005)*
4.6
Dillard's Inc. 2005 Non-Employee Director Restricted Stock Plan
                (incorporated by reference to
Exhibit 10.3 to the Registrant's Quarterly Report or Form 10-Q for the
                quarter ended
April 30, 2005)*
5.1
Opinion of Kutak Rock LLP
23.1
Consent of Kutak Rock LLP (included in Exhibit 5.1)
23.2
Consent of Deloitte & Touche LLP
24.1
Powers of attorney
* Previously
      filed
Item 9.  Undertakings
(a)
The
      undersigned registrant hereby undertakes:
(1)               
      To file, during any period in which offers or sales are being made, a
      post-effective amendment to this Registration Statement:
(i)To include any
      prospectus required by Section 10(a)(3) of the Securities Act;
(ii)To reflect in the
      Prospectus any facts or events arising after the effective date of this
      Registration Statement (or the most recent post-effective amendment thereof)
      which, individually or in the aggregate, represent a fundamental change in
      the
      information set forth in this Registration Statement; and
(iii)To include any
      material information with respect to the plan of distribution not previously
      disclosed in this Registration Statement or any material change to such
      information in this Registration Statement;
provided, however, that paragraphs
      (a)(1)(i) and (a)(1)(ii) do not apply if the information required to be included
      in a post-effective amendment by those paragraphs is contained in periodic
      reports filed by the registrant pursuant to Section 13 or Section 15(d) of
      the
      Exchange Act that are incorporated by reference in this Registration Statement.
6
(2)               
      That, for the purpose of determining any liability under the Securities Act,
      each such post-effective amendment shall be deemed to be a new registration
      statement relating to the securities offered therein, and the offering of such
      securities at that time shall be deemed to be the initial bona fide offering
      thereof.
(3)
                     
      To remove from registration by means of a post-effective amendment any of the
      securities being registered which remain unsold at the termination of the
      offering.
(b)               
      The undersigned hereby undertakes that, for purposes of determining any
      liability under the Securities Act, each filing of the registrant's annual
      report pursuant to Section 13(a) or Section 15(d) of the Exchange Act (and,
      where applicable, each filing of an employee benefit plan's annual report
      pursuant to Section 15(d) of the Exchange Act) that is incorporated by reference
      in the Registration Statement shall be deemed to be a new registration statement
      relating to the securities offered therein, and the offering of such securities
      at that time shall be deemed to be the initial bona fide offering thereof.
(c)               
      Insofar as indemnification for liabilities arising under the Securities Act
      may
      be permitted to directors, officers and controlling persons of the registrant
      pursuant to the foregoing provisions, or otherwise, we have been advised that
      in
      the opinion of the Commission such indemnification is against public policy
      as
      expressed in the Securities Act and is, therefore, unenforceable. In the event
      that a claim for indemnification against such liabilities (other than the
      payment by the registrant of expenses incurred or paid by a director, officer
      or
      controlling person of the registrant in the successful defense of any action,
      suit or proceeding) is asserted by such director, officer or controlling person
      in connection with the securities being registered, the registrant will, unless
      in the opinion of its counsel the matter has been settled by controlling
      precedent, submit to a court of appropriate jurisdiction the question whether
      such indemnification by it is against public policy as expressed in the
      Securities Act and will be governed by the final adjudication of such issue.
7
SIGNATURES
Pursuant to the requirements
      of the Securities Act of 1933, the Registrant certifies that it has reasonable
      grounds to believe that it meets all of the requirements for filing on Form
      S-8
      and has duly caused this Registration Statement to be signed on its behalf
      by
      the undersigned, thereunto duly authorized, in the City of Little Rock, the
      State of Arkansas, on June 21, 2005.
DILLARD'S, INC.
By:
/s/ Paul J. Schroeder, Jr.
Name:Paul J. Schroeder, Jr.
Title:Vice President,
      General Counsel, Secretary
Pursuant to the requirements
      of the Securities Act of 1933, this Registration Statement has been signed
      below
      by the following individuals in the capacities and on the date or dates
      indicated.
Signature
Title
Date
/s/ Robert C.Connor*
(Robert C. Connor)
Director
June
                21,
                2005
/s/ Drue Corbusier*
(Drue Corbusier)
Executive Vice President and Director
June
                21,
                2005
/s/ Will D.
                Davis*
(Will D. Davis)
Director
June
                21,
                2005
/s/ William
                Dillard, II
(William Dillard, II)
Chairman of the Board and Chief Executive
                Officer (Principal Executive Officer)
June
                21,
                2005
/s/ Alex
                Dillard*
(Alex Dillard)
President and Director
June
                21,
                2005
/s/ Mike
                Dillard*
(Mike Dillard)
Executive Vice President and
                Director
June
                21,
                2005
/s/ James I.
                Freeman
(James I. Freeman)
Senior Vice President and Chief Financial
                Officer and Director (Principal Financial and Accounting Officer)
June
                21,
                2005
/s/ John Paul Hammerschmidt*
(John Paul Hammerschmidt)
Director
June
                21,
                2005
/s/ Peter R.
                Johnson*
(Peter R. Johnson)
Director
June
                21,
                2005
/s/ Warren A.
                Stephens*
(Warren A. Stephens)
Director
June
                21,
                2005
/s/ William H.
                Sutton*
(William H. Sutton)
Director
June
                21,
                2005
/s/
                J.C. Watts,
                Jr.*
(J.C.
                Watts, Jr.)
Director
June
                21,
                2005
*  BY /s/ Paul J. Schroeder,
                Jr.
(Paul J. Schroeder, Jr., Attorney in
                Fact)
June
                21,
                2005
8
EXHIBIT
      INDEX
Exhibit
Description
4.1
Restated Certificate of Incorporation of Dillard's, Inc. (Incorporated by
                reference to Exhibit 3 of the
Company's Quarterly Report or Form 10-Q for the quarter ended August 1,
                1992)*
4.2
Bylaws of Dillard's, Inc. (Incorporated by reference to Exhibit 3(b) of
                the Company's Current
Report on Form 8-K dated May 26, 2005)*
4.3
Rights Agreement, dated as of March 2, 2002 between the Company,
                the
                Registrar and the Transfer
Company, as Rights Agent (Incorporated by reference to Exhibit 1
                of the
                Company's Registration
Statement on Form 8-A dated March 15, 2002)*
4.4
Dillard's, Inc. Stock Bonus Plan (incorporated by reference to Exhibit
                10.1 to the Registrant's
Quarterly Report or Form 10-Q for the quarter ended April 30,
                2005)*
4.5
Dillard's, Inc. Stock Purchase Plan (incorporated by reference to Exhibit
                10.2 to the Registrant's
Quarterly Report or Form 10-Q for the quarter ended April 30,
                2005)*
4.6
Dillard's Inc. 2005 Non-Employee Director Restricted Stock Plan
                (incorporated by reference to
Exhibit 10.3 to the Registrant's Quarterly Report or Form 10-Q for the
                quarter ended
April 30, 2005)*
5.1
Opinion of Kutak Rock LLP
23.1
Consent of Kutak Rock LLP (included in Exhibit 5.1)
23.2
Consent of Deloitte & Touche LLP
24.1
Powers of attorney
*
Previously
      filed