91热爆

Sears, Roebuck and Co. Commences Tender Offers to Purchase For Cash Approximately $11.8 Billion of Debt Securities

Sears, Roebuck and Co. (NYSE: S) ("Sears") and its wholly owned subsidiaries, Sears Roebuck Acceptance Corp. ("SRAC") and Sears DC Corp., formerly known as Discover Credit Corp. ("SDC"), commenced their previously announced cash tender offers to purchase any and all of their respective unsecured public term debt securities (collectively, the "Notes" and each a "series" of Notes) maturing after 2003, which include 214 series of securities with an aggregate principal amount of approximately $11.8 billion.

The offers relate to various series of Notes, including approximately $9.7 billion in aggregate principal amount of term debt securities originally distributed primarily to institutional investors and issued by each of Sears, SRAC and SDC (collectively, the "Institutional Notes") and approximately $2.1 billion in aggregate principal amount of debt securities originally distributed primarily to individual investors and issued by SRAC (the "Retail Notes"). The offers for Institutional Notes and Retail Notes (together, the "Notes") are subject to the terms and conditions that will be included in the applicable offering materials. Each offer will be independent and will not be conditioned upon any other offer, and each offer may be amended, extended or terminated individually. The offers will not be conditioned on any minimum amount of Notes being tendered.

Except for those securities listed in the Offers to Purchase for which the offer price has already been determined and fixed, the offer price for each series of Notes will be determined in accordance with the procedures described in the applicable Offer to Purchase, and which are generally intended to result in a yield to maturity or yield to next redemption date as applicable, that is equal to the sum of the bid side yield on the applicable reference U.S. Treasury security and an applicable fixed spread as specified in the applicable Offer to Purchase. The offer prices for Notes that will be priced on a fixed spread basis will be determined on Thursday, October 30, 2003 at the applicable times described more fully in the Offer to Purchase.

The terms of the offers will be specific to each series of Notes and, in the case of the Institutional Notes, will include early tender premiums that will be offered to holders that validly tender and do not withdraw their notes prior to an early tender date, which is expected to be 5:00 p.m., New York City time, on Wednesday, October 29, 2003. Any investors tendering after this date will not be entitled to any tender premiums. The offers will expire at 12:00 midnight, New York City time, on Friday, November 14, 2003, unless previously terminated or extended.

Morgan Stanley and Citigroup are acting as Joint Global Coordinators for the offers relating to the Institutional Notes. The Lead Managers are Barclays Capital, Bear, Stearns & Co. Inc., Goldman, Sachs & Co. and Merrill Lynch & Co. The Co-Managers are Banc of America Securities LLC, Banc One Capital Markets, Inc., Deutsche Bank Securities and UBS Investment Bank. Questions regarding the tender offer for the Institutional Notes can be directed to Morgan Stanley at (212) 761-2219 (collect) or (800) 624-1808 (toll free) and Citigroup at (800) 558-3745 (toll free).

Merrill Lynch & Co. and Banc of America Securities LLC are acting as Lead Dealer Managers for the offers relating to the Retail Notes. The Co-Managers are Morgan Stanley and UBS Investment Bank. Questions regarding the tender offer for the Retail Notes can be directed to Merrill Lynch at (212) 449-4914 (collect) and Banc of America Securities at (704) 387-1004 (collect).

The following schedules indicate the issuer and particular series of Notes that are subject to the offers and set forth the material pricing terms for each series of Notes. This announcement is not an offer to purchase or a solicitation of an offer to purchase with respect to any securities. The tender offers will be made solely pursuant to the Offers to Purchase and related Letters of Transmittal and are not being made in any jurisdiction in which such an offer would be unlawful.

Additional Information And Where To Find It

Sears, SRAC and SDC expect to begin distribution of offering materials to debt holders promptly. These materials contain important information. Security holders are advised to carefully review these documents and related materials when they become available. Copies of any offering materials may be obtained through D.F. King & Co., Inc., the Information Agent for the offers, by telephone at (800) 431-9642 (toll free) or in writing at 48 Wall Street, 22nd Floor, New York, NY 10005. In addition, the offering materials will be made available as soon as practicable on the Internet at .

About Sears

Sears, Roebuck and Co. is a broadline retailer with significant service and credit businesses. In 2002, Sears' revenue was $41.4 billion. Sears offers its wide range of apparel, home and automotive products and services to families in the U.S. through Sears stores nationwide, including approximately 870 full-line stores. Sears also offers a variety of merchandise and services over the Internet via its sears.com and landsend.com websites and through a variety of specialty catalogues.

About Sears Roebuck Acceptance Corp.

SRAC is a wholly owned finance subsidiary of Sears. SRAC raises funds primarily by issuing commercial paper, medium-term notes and discrete underwritten debt. SRAC uses the proceeds from its borrowings to acquire short-term notes of Sears.

About Sears DC Corp.

SDC is a wholly owned subsidiary of Sears and was formed to borrow in domestic and foreign debt markets and lend the proceeds of such borrowings to Sears and certain direct and indirect subsidiaries of Sears in exchange for their unsecured notes. SDC raised funds through the sale of its medium-term notes and direct placement of commercial paper with corporate and institutional investors.

Forward-Looking Statements

This press release contains "forward-looking statements" about Sears' expectations regarding the sale of its Credit and Financial Products business, the timing of the proposed tender offers and Sears' financial objectives. These statements are forward-looking statements based on assumptions about the future that are subject to risks and uncertainties, and actual results may differ materially from the results projected in the forward-looking statements. Risks and uncertainties include the possibility that the sale of the Credit and Financial Products business, which is subject to conditions of closing, does not close, and other factors outside the control of Sears. While Sears believes that its forecasts and assumptions are reasonable, it cautions that actual results may differ materially. Sears intends the forward-looking statements to speak only as of the time first made and does not undertake to update or revise them as more information becomes available. Additional discussion of these and other risks and uncertainties is contained in Sears' filings with the Securities and Exchange Commission, including Sears' Annual Report on Form 10-K for the year ended December 28, 2002, its Quarterly Reports on Form 10-Q for the quarters ended March 29, 2003 and June 28, 2003 and any Current Report on Form 8-K currently on file with the Securities and Exchange Commission during the current fiscal year.

        Schedule 1 - INSTITUTIONAL SECURITIES ISSUED BY SEARS DC CORP.
                        Priced on a Fixed Spread Basis

                                                       Principal
                           Title of                     Amount
                           Security                   Outstanding
     CUSIP                (including
     Number              Maturity Date)               (millions)

  DC2MTFX84   SDC 9.20% Series II MTN due 2/27/2012    $10.000
  DC2MTFX80   SDC 9.15% Series II MTN due 3/1/2012      $1.000
  DC2MTFX81   SDC 9.15% Series II MTN due 3/1/2012      $2.000
  DC2MTFX87   SDC 9.15% Series II MTN due 3/10/2012     $0.500
  DC2MTFX93   SDC 9.14% Series II MTN due 3/13/2012    $10.000
  DC2MTFX94   SDC 9.07% Series II MTN due 3/16/2012     $7.000
  25466PAC2   SDC 9.14% Series III MTN due 3/19/2012    $4.300
  25466PAG3   SDC 9.26% Series III MTN due 3/20/2012    $3.000
  25466PBV9   SDC 9.10% Series III MTN due 4/13/2012    $6.000


              Reference Security   Fixed Spread    Early Tender Premium
     CUSIP                              (bps)
     Number

  DC2MTFX84   4.250% due 8/15/13     60                 $7.50
  DC2MTFX80   4.250% due 8/15/13     60                 $7.50
  DC2MTFX81   4.250% due 8/15/13     60                 $7.50
  DC2MTFX87   4.250% due 8/15/13     60                 $7.50
  DC2MTFX93   4.250% due 8/15/13     60                 $7.50
  DC2MTFX94   4.250% due 8/15/13     60                 $7.50
  25466PAC2   4.250% due 8/15/13     60                 $7.50
  25466PAG3   4.250% due 8/15/13     60                 $7.50
  25466PBV9   4.250% due 8/15/13     60                 $7.50


  Schedule 2 -  INSTITUTIONAL SECURITIES ISSUED BY SEARS ROEBUCK ACCEPTANCE
                                    CORP.
                        Priced on a Fixed Spread Basis

                                                       Principal
                            Title of                    Amount
                            Security                  Outstanding
     CUSIP                 (including
     Number               Maturity Date)               (millions)


  81240QKM3   SRAC 6.00% Series IV MTN due 01/18/2005    $5.000
  81240QKP6   SRAC 6.00% Series IV MTN due 02/07/2005    $5.000
  81240QKQ4   SRAC 6.10% Series IV MTN due 02/25/2005    $5.000
  812404AF8   SRAC 6.75% Note due 09/15/2005           $250.000
  81240QBZ4   SRAC 6.11% Series I MTN due 11/15/2005     $0.100
  81240QBW1   SRAC 6.13% Series I MTN due 11/15/2005     $0.575
  81240QBX9   SRAC 6.15% Series I MTN due 11/15/2005     $4.402
  81240QCL4   SRAC 6.33% Series I MTN due 12/12/2005     $1.250
  81240QCM2   SRAC 6.38% Series I MTN due 12/13/2005     $5.000
  81240QLX8   SRAC 5.66% Series V MTN due 12/14/2005    $10.000
  81240QCU4   SRAC 6.36% Series I MTN due 01/03/2006     $4.000
  81240QCY6   SRAC 6.30% Series I MTN due 01/09/2006     $5.000
  81240QCZ3   SRAC 6.31% Series I MTN due 01/09/2006     $1.000
  812404AG6   SRAC 6.125% Note due 01/15/2006          $250.000
  81240QGC0   SRAC 7.06% Series III MTN due 10/10/2006   $5.000
  812404AT8   SRAC 6.70% Note due 11/15/2006           $300.000
  81240QHD7   SRAC 7.20% Series III MTN due 05/09/2007   $5.000
  81240QHE5   SRAC 7.15% Series III MTN due 05/21/2007   $5.000
  812404AV3   SRAC 7.00% Note due 06/15/2007           $500.000
  81240QHT2   SRAC 7.04% Series III MTN due 06/19/2007  $10.000
  81240QJD5   SRAC 6.47% Series IV MTN due 08/13/2007    $5.000
  812404AW1   SRAC 6.70% Note due 09/18/2007           $150.000
  81240QJN3   SRAC 6.60% Series IV MTN due 11/05/2007    $5.000
  81240QKJ0   SRAC 6.56% Series IV MTN due 12/05/2007   $11.000
  81240QKK7   SRAC 6.34% Series IV MTN due 12/18/2007    $5.000
  81240QLB6   SRAC 6.30% Series IV MTN due 03/18/2008    $5.000
  81240QLD2   SRAC 6.28% Series IV MTN due 04/08/2008    $5.000
  81240QLF7   SRAC 6.24% Series IV MTN due 05/01/2008    $5.000
  81240QLH3   SRAC 6.30% Series IV MTN due 05/29/2008    $5.000
  81240QLK6   SRAC 6.25% Series IV MTN due 06/02/2008    $5.000
  81240QLL4   SRAC 6.19% Series IV MTN due 06/19/2008    $5.000
  81240QLM2   SRAC 6.17% Series IV MTN due 07/14/2008    $5.000
  81240QLN0   SRAC 6.20% Series IV MTN due 07/15/2008    $5.000
  81240QLP5   SRAC 6.10% Series IV MTN due 07/21/2008    $5.000
  81240QLS9   SRAC 6.125% Series IV MTN due 08/15/2008   $5.000
  81240QLT7   SRAC 6.10% Series IV MTN due 09/10/2008    $5.000
  81240QLU4   SRAC 6.00% Series V MTN due 11/20/2008     $5.000
  81240QLV2   SRAC 6.00% Series V MTN due 11/24/2008     $5.000
  81240QLY6   SRAC 5.75% Series V MTN due 01/20/2009     $5.000
  81240QLZ3   SRAC 5.70% Series V MTN due 02/12/2009     $5.000
  81240QMA7   SRAC 5.875% Series V MTN due 03/05/2009    $5.000
  81240QMB5   SRAC 6.125% Series V MTN due 03/16/2009    $5.000
  81240QMC3   SRAC 6.05% Series V MTN due 03/30/2009     $5.000
  81240QMD1   SRAC 6.00% Series V MTN due 04/15/2009     $5.000
  81240QLE0   SRAC 6.49% Series IV MTN due 04/17/2009   $15.000
  812404BF7   SRAC 6.25% Note due 05/01/2009           $750.000
  81240QLQ3   SRAC 6.20% Series IV MTN due 08/09/2010    $5.000
  812404BG5   SRAC 7.00% Note due 02/01/2011         $1,000.000
  812404BH3   SRAC 6.75% Note due 08/15/2011           $750.000
  812404BJ9   SRAC 6.70% Note due 04/15/2012           $600.000
  81240QLJ9   SRAC 6.635% Series IV MTN due 05/18/2012  $10.000
  81240QLR1   SRAC 6.51% Series IV MTN due 08/15/2013   $15.000
  812404AY7   SRAC 6.875% Note due 10/15/2017          $300.000
  812404AX9   SRAC 7.50% Note due 10/15/2027           $250.000
  812404AZ4   SRAC 6.75% Note due 01/15/2028           $200.000
  812404BE0   SRAC 6.50% Note due 12/01/2028           $300.000
  812404BK6   SRAC 7.00% Note due 06/01/2032         $1,000.000


  CUSIP Number    Reference Security     Fixed Spread     Early Tender
                                            (bps)           Premium

  81240QKM3       1.625% due 1/31/05          44            $2.75
  81240QKP6       1.625% due 1/31/05          48            $2.75
  81240QKQ4       1.500% due 2/28/05          44            $2.75
  812404AF8       2.000% due 8/31/05          44            $2.75
  81240QBZ4       5.750% due 11/15/05         52            $2.75
  81240QBW1       5.750% due 11/15/05         52            $2.75
  81240QBX9       5.750% due 11/15/05         52            $2.75
  81240QCL4       5.750% due 11/15/05         56            $2.75
  81240QCM2       5.750% due 11/15/05         56            $2.75
  81240QLX8       5.750% due 11/15/05         56            $2.75
  81240QCU4       5.625% due 2/15/06          48            $3.00
  81240QCY6       5.625% due 2/15/06          48            $3.00
  81240QCZ3       5.625% due 2/15/06          48            $3.00
  812404AG6       5.625% due 2/15/06          44            $3.00
  81240QGC0       6.500% due 10/15/06         60            $3.75
  812404AT8       3.500% due 11/15/06         56            $4.00
  81240QHD7       4.375% due 5/15/07          56            $4.75
  81240QHE5       4.375% due 5/15/07          60            $4.75
  812404AV3       4.375% due 5/15/07          56            $4.75
  81240QHT2       4.375% due 5/15/07          64            $4.75
  81240QJD5       3.250% due 8/15/07          60            $5.00
  812404AW1       3.250% due 8/15/07          60            $5.00
  81240QJN3       3.000% due 11/15/07         56            $5.00
  81240QKJ0       3.000% due 11/15/07         60            $5.00
  81240QKK7       3.000% due 11/15/07         60            $5.00
  81240QLB6       3.000% due 2/15/08          60            $5.75
  81240QLD2       2.625% due 5/15/08          52            $5.75
  81240QLF7       2.625% due 5/15/08          56            $5.75
  81240QLH3       2.625% due 5/15/08          56            $5.75
  81240QLK6       2.625% due 5/15/08          56            $5.75
  81240QLL4       3.250% due 8/15/08          48            $5.75
  81240QLM2       3.250% due 8/15/08          52            $6.00
  81240QLN0       3.250% due 8/15/08          52            $6.00
  81240QLP5       3.250% due 8/15/08          52            $6.00
  81240QLS9       3.250% due 8/15/08          56            $6.00
  81240QLT7       3.125% due 10/15/08         52            $6.00
  81240QLU4       4.750% due 11/15/08         60            $6.00
  81240QLV2       4.750% due 11/15/08         60            $6.00
  81240QLY6       5.500% due 5/15/09          60            $6.50
  81240QLZ3       5.500% due 5/15/09          60            $6.50
  81240QMA7       5.500% due 5/15/09          64            $6.50
  81240QMB5       5.500% due 5/15/09          64            $6.50
  81240QMC3       5.500% due 5/15/09          64            $6.50
  81240QMD1       5.500% due 5/15/09          68            $6.50
  81240QLE0       5.500% due 5/15/09          68            $6.50
  812404BF7       5.500% due 5/15/09          64            $6.50
  81240QLQ3       5.750% due 8/15/10          80            $7.00
  812404BG5       4.250% due 8/15/13          44            $7.00
  812404BH3       4.250% due 8/15/13          48            $7.50
  812404BJ9       4.250% due 8/15/13          56            $7.50
  81240QLJ9       4.250% due 8/15/13          64            $7.50
  81240QLR1       4.250% due 8/15/13          72            $8.50
  812404AY7       4.250% due 8/15/13          96           $10.00
  812404AX9       5.375% due 2/15/31          140          $10.00
  812404AZ4       5.375% due 2/15/31          115           $6.50
  812404BE0       5.375% due 2/15/31          115           $6.50
  812404BK6       5.375% due 2/15/31          115           $7.00


             Schedule 3 -  INSTITUTIONAL SECURITIES ISSUED BY
                      SEARS ROEBUCK ACCEPTANCE CORP.

                      Priced on a Fixed Price Basis

   CUSIP              Title of Security                          Principal
   Number          (including Maturity Date)                      Amount
                                                               Outstanding
                                                                (millions)
  81240QMS8   SRAC LIBOR+ 2.95% Series VI MTN due 01/07/2004     $258.385
  81240QKT8   SRAC 6.06% Series IV MTN due 02/18/2004              $2.600
  81240QMY5   SRAC LIBOR + 1.90% Series VII MTN due 02/20/2004   $149.750
  81240QMT6   SRAC LIBOR + 2.80% Series VI MTN due 02/23/2004    $193.600
  81240QKY7   SRAC 6.10% Series IV MTN due 02/24/2004             $20.200
  81240QKZ4   SRAC 6.12% Series IV MTN due 02/24/2004             $20.000
  81240QMZ2   SRAC LIBOR + 1.90% Series VII MTN due 02/25/2004   $250.200
  81240QNA6   SRAC LIBOR + 1.90% Series VII MTN due 03/09/2004   $131.700
  81240QMU3   SRAC LIBOR + 2.80% Series VI MTN due 03/23/2004     $50.000
  81240QMV1   SRAC LIBOR + 2.00% Series VI MTN due 04/23/2004    $155.500
  81240QMW9   SRAC LIBOR + 2.00% Series VI MTN due 05/11/2004    $171.000
  81240QMX7   SRAC LIBOR + 2.00% Series VI MTN due 05/12/2004     $25.000
  81240QHK1   SRAC 7.10% Series III MTN due 06/04/2004             $6.500
  81240QHH8   SRAC 7.11% Series III MTN due 06/04/2004             $5.000
  81240QHF2   SRAC 7.12% Series III MTN due 06/04/2004             $5.000
  81240QHS4   SRAC 6.92% Series III MTN due 06/17/2004            $50.000
  81240QHP0   SRAC 6.93% Series III MTN due 06/17/2004            $18.000
  81240QHQ8   SRAC 6.94% Series III MTN due 06/17/2004             $3.000
  81240QHR6   SRAC 6.95% Series III MTN due 06/17/2004            $26.000
  81240QHV7   SRAC 6.85% Series III MTN due 06/24/2004            $13.700
  81240QHW5   SRAC 6.86% Series III MTN due 06/24/2004             $1.000
  81240QMR0   SRAC 4.50% Series V MTN due 09/22/2004              $15.000
  81240QJK9   SRAC 6.60% Series IV MTN due 09/22/2004              $3.500
  81240QMN9   SRAC LIBOR + 1.18% Series V MTN due 10/13/2004     $100.000
  81240QJM5   SRAC 6.27% Series IV MTN due 10/18/2004              $5.000
  81240QJX1   SRAC 6.375% Series IV MTN due 11/22/2004             $5.000
  81240QKF8   SRAC 6.53% Series IV MTN due 11/29/2004             $12.000
  81240QKC5   SRAC 6.30% Series IV MTN due 12/06/2004              $5.000
  81240QMJ8   SRAC 0.00% Series V MTN due 02/03/2006              $25.000


  CUSIP Number         Total           Early Tender       Tender Offer
                   Consideration         Premium          Consideration

  81240QMS8          $1,002.62            $1.40            $1,001.22
  81240QKT8          $1,011.21            $2.05            $1,009.16
  81240QMY5          $1,002.80            $1.05            $1,001.75
  81240QMT6          $1,005.69            $1.35            $1,004.34
  81240QKY7          $1,012.12            $2.05            $1,010.07
  81240QKZ4          $1,012.18            $2.05            $1,010.13
  81240QMZ2          $1,003.04            $1.05            $1,001.99
  81240QNA6          $1,003.67            $1.05            $1,002.62
  81240QMU3          $1,007.76            $1.35            $1,006.41
  81240QMV1          $1,005.95            $1.05            $1,004.90
  81240QMW9          $1,006.86            $1.05            $1,005.81
  81240QMX7          $1,006.86            $1.05            $1,005.81
  81240QHK1          $1,030.59            $2.40            $1,028.19
  81240QHH8          $1,030.65            $2.40            $1,028.25
  81240QHF2          $1,030.71            $2.40            $1,028.31
  81240QHS4          $1,031.44            $2.35            $1,029.09
  81240QHP0          $1,031.50            $2.35            $1,029.15
  81240QHQ8          $1,031.56            $2.35            $1,029.21
  81240QHR6          $1,031.63            $2.35            $1,029.28
  81240QHV7          $1,032.01            $2.30            $1,029.71
  81240QHW5          $1,032.07            $2.30            $1,029.77
  81240QMR0          $1,023.31            $1.50            $1,021.81
  81240QJK9          $1,041.80            $2.20            $1,039.60
  81240QMN9          $1,004.23            $0.80            $1,003.43
  81240QJM5          $1,041.85            $2.10            $1,039.75
  81240QJX1          $1,046.64            $2.15            $1,044.49
  81240QKF8          $1,049.08            $2.20            $1,046.88
  81240QKC5          $1,047.38            $2.10            $1,045.28
  81240QMJ8            $941.65            $2.00              $939.65


  Schedule 4 - INSTITUTIONAL SECURITIES ISSUED BY SEARS, ROEBUCK AND CO.
                      Priced on a Fixed Price Basis

   CUSIP              Title of Security                   Principal
   Number          (including Maturity Date)                Amount
                                                         Outstanding
                                                          (millions)

  812387BB3   Sears 6.25% Notes due 01/15/2004            $300.000
  81238XRT0   Sears 6.34% Series VII MTN due 06/15/2004     $5.000
  81238XTJ0   Sears 8.23% Series VII MTN due 10/20/2004    $20.000
  81238XTH4   Sears 8.24% Series VII MTN due 10/20/2004    $20.000
  81238XTM3   Sears 8.23% Series VII MTN due 10/21/2004    $11.250
  81238XTS0   Sears 8.30% Series VII MTN due 10/26/2004    $15.000
  Physical 1  Sears 9.22% Series V MTN due 08/21/2006       $2.000
  81238XDU2   Sears 8.66% Series VI MTN due 10/02/2006      $2.000
  81238XKE0   Sears 9.18% Series VI MTN due 05/04/2011      $2.000
  812387BA5   Sears 9.375% Notes due 11/01/2011           $300.000
  81238XBJ9   Sears 9.08% Series VI MTN due 02/01/2012      $5.000
  81238XBN0   Sears 10.00% Series VI MTN due 02/03/2012   $114.000
  81238XBV2   Sears 9.05% Series VI MTN due 02/06/2012     $30.000
  81238XBY6   Sears 9.05% Series VI MTN due 02/06/2012     $61.000
  81238XBZ3   Sears 9.20% Series VI MTN due 02/06/2012     $10.000
  81238XCJ8   Sears 9.10% Series VI MTN due 02/13/2012     $20.000
  81238XCQ2   Sears 9.12% Series VI MTN due 02/13/2012     $22.000
  81238XCH2   Sears 9.14% Series VI MTN due 02/13/2012     $14.500
  81238XCE9   Sears 9.17% Series VI MTN due 02/13/2012     $18.000
  81238XCS8   Sears 9.00% Series VI MTN due 02/14/2012      $3.000
  81238XCX7   Sears 9.03% Series VI MTN due 02/14/2012      $2.000
  81238XCU3   Sears 9.08% Series VI MTN due 02/14/2012      $1.000
  81238XCZ2   Sears 9.09% Series VI MTN due 02/15/2012     $29.000
  81238XDF5   Sears 9.05% Series VI MTN due 02/20/2012      $5.000
  81238XDY4   Sears 9.13% Series VI MTN due 02/27/2012      $3.000
  81238XEL1   Sears 9.10% Series VI MTN due 02/28/2012      $1.000
  81238XEP2   Sears 9.10% Series VI MTN due 03/01/2012      $5.000
  81238XEK3   Sears 9.12% Series VI MTN due 03/01/2012      $7.000
  81238XFH9   Sears 9.10% Series VI MTN due 03/12/2012     $21.500
  81238XFN6   Sears 8.99% Series VI MTN due 03/16/2012      $2.000
  Physical 2  Sears 9.60% Series V MTN due 08/09/2021       $1.000


  CUSIP Number           Total          Early Tender      Tender Offer
                     Consideration        Premium         Consideration

  812387BB3            $1,005.52            $2.10          $1,003.42
  81238XRT0            $1,005.66            $2.15          $1,003.51
  81238XTJ0            $1,008.65            $2.75          $1,005.90
  81238XTH4            $1,008.67            $2.75          $1,005.92
  81238XTM3            $1,008.65            $2.75          $1,005.90
  81238XTS0            $1,008.76            $2.80          $1,005.96
  Physical 1           $1,010.22            $3.10          $1,007.12
  81238XDU2            $1,009.33            $2.90          $1,006.43
  81238XKE0            $1,010.15            $3.10          $1,007.05
  812387BA5            $1,010.46            $3.15          $1,007.31
  81238XBJ9            $1,010.00            $3.05          $1,006.95
  81238XBN0            $1,011.45            $3.35          $1,008.10
  81238XBV2            $1,009.95            $3.05          $1,006.90
  81238XBY6            $1,009.95            $3.05          $1,006.90
  81238XBZ3            $1,010.19            $3.10          $1,007.09
  81238XCJ8            $1,010.03            $3.05          $1,006.98
  81238XCQ2            $1,010.06            $3.05          $1,007.01
  81238XCH2            $1,010.09            $3.05          $1,007.04
  81238XCE9            $1,010.14            $3.10          $1,007.04
  81238XCS8            $1,009.87            $3.00          $1,006.87
  81238XCX7            $1,009.92            $3.05          $1,006.87
  81238XCU3            $1,010.00            $3.05          $1,006.95
  81238XCZ2            $1,010.01            $3.05          $1,006.96
  81238XDF5            $1,009.95            $3.05          $1,006.90
  81238XDY4            $1,010.08            $3.05          $1,007.03
  81238XEL1            $1,010.03            $3.05          $1,006.98
  81238XEP2            $1,010.03            $3.05          $1,006.98
  81238XEK3            $1,010.06            $3.05          $1,007.01
  81238XFH9            $1,010.03            $3.05          $1,006.98
  81238XFN6            $1,009.85            $3.00          $1,006.85
  Physical 2           $1,010.82            $3.20          $1,007.62


     Schedule 5 - RETAIL NOTES ISSUED BY SEARS ROEBUCK ACCEPTANCE CORP.
                        Priced on a Fixed Price Basis

  A -$25 Par Notes

                                                      Principal     Fixed
                                                        Amount      Tender
  CUSIP                  Coupon     Maturity Date    Outstanding    Price
                                                      (millions)

  812404408              7.000%       7/15/2042        $250.000     $27.68
  812404507              7.400%        2/1/2043        $250.000     $28.18

  B -$1,000 Par
   InterNotes
                                                      Principal     Fixed
                                                        Amount      Tender
  CUSIP                  Coupon     Maturity Date    Outstanding    Price
                                                      (millions)

  8124JFBQ8              5.750%       3/15/2006         $27.233  $1,012.00
  8124JFBR6              6.650%       3/15/2008         $18.041  $1,015.00
  8124JFBS4              7.375%       3/15/2010         $10.572  $1,017.00
  8124JFBT2              7.750%       3/15/2013         $10.792  $1,019.00
  8124JFBU9              4.800%       4/15/2006         $17.315  $1,012.00
  8124JFBW5              4.350%       4/15/2006          $8.084  $1,010.00
  8124JFBV7              5.600%       4/15/2008         $11.146  $1,015.00
  8124JFBX3              5.250%       4/15/2008          $7.349  $1,014.00
  8124JFBY1              5.850%       4/15/2010          $2.062  $1,016.00
  8124JFBZ8              6.450%       4/15/2013          $8.666  $1,019.00
  8124JFCA2              4.050%       5/15/2006          $5.190  $1,011.00
  8124JFCE4              3.850%       5/15/2006          $5.562  $1,010.00
  8124JFCK0              3.750%       5/15/2006          $6.963  $1,009.00
  8124JFCP9              3.500%       5/15/2006          $5.095  $1,008.00
  8124JFCT1              3.550%       5/15/2006          $5.709  $1,008.00
  8124JFCB0              5.000%       5/15/2008         $17.614  $1,015.00
  8124JFCF1              4.800%       5/15/2008          $5.681  $1,015.00
  8124JFCL8              4.750%       5/15/2008          $5.872  $1,014.00
  8124JFCQ7              4.350%       5/15/2008          $6.396  $1,012.00
  8124JFCU8              4.300%       5/15/2008          $3.331  $1,012.00
  8124JFCC8              5.625%       5/15/2010          $2.288  $1,019.00
  8124JFCH7              5.450%       5/15/2010          $4.309  $1,018.00
  8124JFCM6              5.350%       5/15/2010          $4.042  $1,017.00
  8124JFCR5              5.000%       5/15/2010          $4.386  $1,015.00
  8124JFCV6              4.950%       5/15/2010          $3.570  $1,015.00
  8124JFCD6              6.200%       5/15/2013         $12.360  $1,021.00
  8124JFCJ3              6.000%       5/15/2013          $8.851  $1,020.00
  8124JFCN4              6.000%       5/15/2013         $13.799  $1,020.00
  8124JFCS3              5.650%       5/15/2013          $6.782  $1,019.00
  8124JFCW4              5.550%       5/15/2013          $8.128  $1,018.00
  8124JFCX2              3.500%       6/15/2006          $4.169  $1,010.00
  8124JFDB9              3.300%       6/15/2006          $5.513  $1,009.00
  8124JFDF0              2.700%       6/15/2006          $4.823  $1,005.00
  8124JFDK9              2.700%       6/15/2006          $1.808  $1,005.00
  8124JFCY0              4.300%       6/15/2008          $4.599  $1,014.00
  8124JFDC7              4.100%       6/15/2008          $6.630  $1,013.00
  8124JFDG8              3.550%       6/15/2008          $2.480  $1,010.00
  8124JFDL7              3.500%       6/15/2008          $1.682  $1,010.00
  8124JFCZ7              4.950%       6/15/2010          $1.899  $1,018.00
  8124JFDD5              4.750%       6/15/2010          $2.249  $1,017.00
  8124JFDH6              4.250%       6/15/2010          $3.806  $1,014.00
  8124JFDM5              4.150%       6/15/2010          $2.234  $1,013.00
  8124JFDA1              5.500%       6/15/2013          $6.340  $1,021.00
  8124JFDE3              5.400%       6/15/2013         $14.202  $1,021.00
  8124JFDJ2              4.900%       6/15/2013          $4.289  $1,018.00
  8124JFDN3              2.900%       7/15/2006          $4.112  $1,007.00
  8124JFDP8              3.850%       7/15/2008          $2.450  $1,013.00
  8124JFDQ6              4.550%       7/15/2010          $5.013  $1,018.00


     Schedule 6 - INTERNOTES ISSUED BY SEARS ROEBUCK ACCEPTANCE CORP.
                      Priced on a Fixed Spread Basis

                                                       Principal
                                      Maturity       Outstanding
  CUSIP                 Coupon          Date            Amount
                                                      (millions)

  8124JFAD8              7.250%      12/15/2009        $34.326
  8124JFAH9              7.300%      12/15/2009        $27.994
  8124JFAM8              7.400%       1/15/2010        $10.459
  8124JFAR7              7.400%       1/15/2010        $19.068
  8124JFAV8              7.450%       1/15/2010        $40.699
  8124JFAY2              4.950%       2/15/2005        $89.413
  8124JFBK1              7.000%       3/15/2010        $20.171
  8124JFBP0              6.800%       3/15/2010         $6.002
  8124JFAA4              5.650%      12/15/2005        $35.384
  8124JFAE6              5.750%      12/15/2005        $42.917
  8124JFAJ5              6.000%       1/15/2006        $16.419
  8124JFAN6              5.900%       1/15/2006        $23.187
  8124JFAS5              5.900%       1/15/2006        $50.190
  8124JFAW6              5.400%       1/15/2006        $59.717
  8124JFBA3              5.400%       2/15/2006        $50.182
  8124JFBC9              5.500%       2/15/2006        $40.414
  8124JFBE5              5.800%       2/15/2006        $58.535
  8124JFBG0              5.400%       3/15/2006        $40.439
  8124JFBL9              5.200%       3/15/2006        $26.670
  8124JFAB2              6.600%      12/15/2007        $32.125
  8124JFAF3              6.700%      12/15/2007        $25.351
  8124JFAK2              7.000%       1/15/2008        $17.834
  8124JFAP1              6.900%       1/15/2008        $19.777
  8124JFAT3              6.750%       1/15/2008        $56.371
  8124JFAX4              6.150%       1/15/2008        $43.647
  8124JFAZ9              6.200%       2/15/2008        $39.998
  8124JFBB1              6.100%       2/15/2008        $27.315
  8124JFBD7              6.250%       2/15/2008        $24.063
  8124JFBF2              6.650%       2/15/2008        $46.362
  8124JFBH8              6.200%       3/15/2008        $24.349
  8124JFBM7              6.000%       3/15/2008        $15.595
  8124JFAC0              7.400%      12/15/2012        $45.163
  8124JFAG1              7.500%      12/15/2012        $54.895
  8124JFAL0              7.500%       1/15/2013        $14.229
  8124JFAQ9              7.500%       1/15/2013        $21.498
  8124JFAU0              7.500%       1/15/2013        $36.380
  8124JFBJ4              7.150%       3/15/2013        $13.819
  8124JFBN5              7.050%       3/15/2013         $8.358


  CUSIP                Reference Security     Fixed Spread  Minimum Price
                                                   (bps)

  8124JFAD8           2.000% due 11/30/04           40        $1,053.00
  8124JFAH9           2.000% due 11/30/04           40        $1,053.00
  8124JFAM8           1.750% due 12/31/04           45        $1,057.00
  8124JFAR7           1.750% due 12/31/04           45        $1,057.00
  8124JFAV8           1.750% due 12/31/04           45        $1,058.00
  8124JFAY2           1.500% due 02/28/05           45        $1,030.00
  8124JFBK1           1.500% due 02/28/05           45        $1,058.00
  8124JFBP0           1.500% due 02/28/05           45        $1,056.00
  8124JFAA4           5.750% due 11/15/05           50        $1,053.00
  8124JFAE6           5.750% due 11/15/05           50        $1,055.00
  8124JFAJ5           5.750% due 11/15/05           50        $1,062.00
  8124JFAN6           5.750% due 11/15/05           50        $1,060.00
  8124JFAS5           5.750% due 11/15/05           50        $1,060.00
  8124JFAW6           5.750% due 11/15/05           50        $1,050.00
  8124JFBA3           5.625% due 02/15/06           50        $1,049.00
  8124JFBC9           5.625% due 02/15/06           50        $1,052.00
  8124JFBE5           5.625% due 02/15/06           50        $1,058.00
  8124JFBG0           5.625% due 02/15/06           50        $1,051.00
  8124JFBL9           5.625% due 02/15/06           50        $1,047.00
  8124JFAB2           3.000% due 11/15/07           60        $1,092.00
  8124JFAF3           3.000% due 11/15/07           60        $1,096.00
  8124JFAK2           3.000% due 11/15/07           65        $1,107.00
  8124JFAP1           3.000% due 11/15/07           65        $1,103.00
  8124JFAT3           3.000% due 11/15/07           65        $1,097.00
  8124JFAX4           3.000% due 11/15/07           65        $1,074.00
  8124JFAZ9           3.000% due 02/15/08           65        $1,073.00
  8124JFBB1           3.000% due 02/15/08           65        $1,069.00
  8124JFBD7           3.000% due 02/15/08           65        $1,075.00
  8124JFBF2           3.000% due 02/15/08           65        $1,090.00
  8124JFBH8           3.000% due 02/15/08           65        $1,074.00
  8124JFBM7           3.000% due 02/15/08           65        $1,066.00
  8124JFAC0           4.000% due 11/15/12           65        $1,132.00
  8124JFAG1           4.000% due 11/15/12           65        $1,139.00
  8124JFAL0           4.000% due 11/15/12           65        $1,140.00
  8124JFAQ9           4.000% due 11/15/12           65        $1,140.00
  8124JFAU0           4.000% due 11/15/12           65        $1,140.00
  8124JFBJ4           3.875% due 02/15/13           65        $1,115.00
  8124JFBN5           3.875% due 02/15/13           65        $1,108.00

SOURCE: Sears, Roebuck and Co.

CONTACT: Edgar P. McDougal, +1-847-286-9669, or Investors, Pam White,
+1-847-286-1468, both of Sears, Roebuck and Co.

Web site:








© 91热爆