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Exhibit 20(b)                            SEARS CREDIT ACCOUNT MASTER TRUST II                                     SERIES 1995-3                                 2000 ANNUAL STATEMENT      Pursuant to the terms of the letter issued by the Securities and Exchange      Commission dated June 30, 1995 (granting relief to the Trust from certain     reporting requirements of the Securities Exchange Act of 1934, as amended),     aggregated information regarding the performance of Accounts and payments     to Investor Certificateholders in respect of the Due Periods related to the     twelve Distribution Dates which occurred in 2000 is set forth below.       1)  The total amount of the distribution to Investor         Certificateholders during 2000, per $1,000 interest.         Class A                                                      $533.54         Class B                                                       $72.50         Class C                                                      $348.58       2)  The amount of the distribution set forth in paragraph         1 above in respect of interest on the Investor         Certificates, per $1,000 interest.                            $33.54         Class A                                                       $72.50         Class B                                                        $0.00         Class C      3)  The amount of the distribution set forth in paragraph         1 above in respect of principal on the Investor         Certificates, per $1,000 interest.         Class A                                                      $500.00         Class B                                                        $0.00         Class C                                                      $348.58      4)  The aggregate amount of Collections of         Principal Receivables processed during         the related Due Periods.                           $6,326,017,931.36      5)  The aggregate amount of Collections of         Finance Charge Receivables processed         during the related Due Periods.                    $1,986,042,050.06      6)  The aggregate amount of Collections of         Principal Receivables processed during the         related Due Periods which were allocated         in respect of the Investor Certificates.           $4,951,216,042.12      7)  The aggregate amount of Collections of         Finance Charge Receivables processed during         the related Due Periods which were allocated         in respect of the Investor Certificates.           $1,554,167,904.95      8)  The aggregate amount of Additional Allocable         Amounts processed during the related Due            Periods which were allocated in respect of         the Investor Certificates.                           $170,671,216.88      9)  The aggregate amount of Collections of         Principal Receivables processed during the         related Due Periods which were allocated         in respect of the Seller Certificates.             $1,374,801,889.24      10) The aggregate amount of Collections of         Finance Charge Receivables processed during         the related Due Periods which were allocated         in respect of the Seller Certificates.               $431,874,145.11      11) The aggregate amount of Additional Allocable         Amounts processed during the related Due         Periods which were allocated in respect of         the Seller Certificates.                                       $0.00      12) The excess of the Investor Charge-Off Amount         over the sum of (i) payments in respect of the         Available Subordinated Amount and (ii) Excess         Servicing, if any (an "Investor Loss"), per         $1,000 interest.                                               $0.00      13) The aggregate amount of Investor Losses in the         Trust as of the end of the day on December 15,         2000, per $1,000 interest.                                     $0.00      14) The total reimbursed to the Trust from the sum         of the Available subordinated Amount and Excess         Servicing, if any, in respect of Investor Losses,         per $1,000 interest.                                           $0.00      15) The amount of the Investor Monthly Servicing Fee         payable by the Trust to the Servicer.                $154,548,339.80      16) The Class A and Class B Controlled Amortization         Amount Shortfall, as of the end of the reportable         year.                                                          $0.00                
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