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   <TITLE>E12a</TITLE>
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<CENTER><FONT FACE="Arial"><FONT SIZE=-1>EXHIBIT 12(a)</FONT></FONT></CENTER>

<CENTER><U><FONT FACE="Arial"><FONT SIZE=-1>COMPUTATION OF RATIO OF INCOME
TO FIXED CHARGES</FONT></FONT></U></CENTER>

<CENTER><U><FONT FACE="Arial"><FONT SIZE=-1>SEARS, ROEBUCK AND CO. AND
CONSOLIDATED SUBSIDIARIES</FONT></FONT></U></CENTER>
 
<CENTER><TABLE BORDER=0 COLS=8 WIDTH="100%" >
<TR>
<TD WIDTH="20%"><I><FONT FACE="Arial"><FONT SIZE=-2>millions, except ratios)</FONT></FONT></I></TD>

<TD WIDTH="10%">
<CENTER><FONT FACE="Arial,Helvetica"><FONT SIZE=-2>Twelve</FONT></FONT></CENTER>

<CENTER><FONT FACE="Arial,Helvetica"><FONT SIZE=-2>Months</FONT></FONT></CENTER>

<CENTER><FONT FACE="Arial,Helvetica"><FONT SIZE=-2>Ended</FONT></FONT></CENTER>

<CENTER><FONT FACE="Arial,Helvetica"><FONT SIZE=-2>Oct 2,</FONT></FONT></CENTER>

<CENTER><FONT FACE="Arial,Helvetica"><FONT SIZE=-2>1999</FONT></FONT></CENTER>

<CENTER><FONT FACE="Arial,Helvetica"><FONT SIZE=-2>(unaudited)</FONT></FONT></CENTER>
</TD>

<TD WIDTH="10%">
<CENTER><FONT FACE="Arial,Helvetica"><FONT SIZE=-2>Nine</FONT></FONT></CENTER>

<CENTER><FONT FACE="Arial,Helvetica"><FONT SIZE=-2>Months</FONT></FONT></CENTER>

<CENTER><FONT FACE="Arial,Helvetica"><FONT SIZE=-2>Ended</FONT></FONT></CENTER>

<CENTER><FONT FACE="Arial,Helvetica"><FONT SIZE=-2>Oct 2,</FONT></FONT></CENTER>

<CENTER><FONT FACE="Arial,Helvetica"><FONT SIZE=-2>1999</FONT></FONT></CENTER>

<CENTER><FONT FACE="Arial,Helvetica"><FONT SIZE=-2>(unaudited)</FONT></FONT></CENTER>
</TD>

<TD WIDTH="12%">
<CENTER><FONT FACE="Arial,Helvetica"><FONT SIZE=-2>Year Ended</FONT></FONT></CENTER>

<CENTER><FONT FACE="Arial,Helvetica"><FONT SIZE=-2>1998</FONT></FONT></CENTER>
</TD>

<TD>
<CENTER><FONT FACE="Arial,Helvetica"><FONT SIZE=-2>Year Ended</FONT></FONT></CENTER>

<CENTER><FONT FACE="Arial,Helvetica"><FONT SIZE=-2>1997</FONT></FONT></CENTER>
</TD>

<TD>
<CENTER><FONT FACE="Arial,Helvetica"><FONT SIZE=-2>Year Ended</FONT></FONT></CENTER>

<CENTER><FONT FACE="Arial,Helvetica"><FONT SIZE=-2>1996</FONT></FONT></CENTER>
</TD>

<TD>
<CENTER><FONT FACE="Arial,Helvetica"><FONT SIZE=-2>Year Ended</FONT></FONT></CENTER>

<CENTER><FONT FACE="Arial,Helvetica"><FONT SIZE=-2>1995</FONT></FONT></CENTER>
</TD>

<TD>
<CENTER><FONT FACE="Arial,Helvetica"><FONT SIZE=-2>Year Ended 1994</FONT></FONT></CENTER>
</TD>
</TR>

<TR>
<TD></TD>

<TD></TD>

<TD></TD>

<TD></TD>

<TD></TD>

<TD></TD>

<TD></TD>

<TD></TD>
</TR>

<TR>
<TD><FONT FACE="Arial"><FONT SIZE=-2>Fixed Charges</FONT></FONT></TD>

<TD></TD>

<TD></TD>

<TD></TD>

<TD></TD>

<TD></TD>

<TD></TD>

<TD></TD>
</TR>

<TR>
<TD><FONT SIZE=-2><FONT FACE="Arial">Intere</FONT><FONT FACE="Arial,Helvetica">st
and amortization of debt discount</FONT></FONT></TD>

<TD></TD>

<TD></TD>

<TD></TD>

<TD></TD>

<TD></TD>

<TD></TD>

<TD></TD>
</TR>

<TR>
<TD><FONT FACE="Arial,Helvetica"><FONT SIZE=-2>and expense on all indebtedness</FONT></FONT></TD>

<TD>
<DIV ALIGN=right><FONT FACE="Arial,Helvetica"><FONT SIZE=-2>$1,300</FONT></FONT></DIV>
</TD>

<TD>
<DIV ALIGN=right><FONT FACE="Arial,Helvetica"><FONT SIZE=-2>$ 955</FONT></FONT></DIV>
</TD>

<TD>
<DIV ALIGN=right><FONT FACE="Arial,Helvetica"><FONT SIZE=-2>$1,423</FONT></FONT></DIV>
</TD>

<TD>
<DIV ALIGN=right><FONT FACE="Arial,Helvetica"><FONT SIZE=-2>$1,409</FONT></FONT></DIV>
</TD>

<TD>
<DIV ALIGN=right><FONT FACE="Arial,Helvetica"><FONT SIZE=-2>$1,365</FONT></FONT></DIV>
</TD>

<TD>
<DIV ALIGN=right><FONT FACE="Arial,Helvetica"><FONT SIZE=-2>$1,373</FONT></FONT></DIV>
</TD>

<TD>
<DIV ALIGN=right><FONT FACE="Arial,Helvetica"><FONT SIZE=-2>$1,279</FONT></FONT></DIV>
</TD>
</TR>

<TR>
<TD></TD>

<TD></TD>

<TD></TD>

<TD></TD>

<TD></TD>

<TD></TD>

<TD></TD>

<TD></TD>
</TR>

<TR>
<TD><FONT FACE="Arial,Helvetica"><FONT SIZE=-2>Add interest element implicit
in rentals</FONT></FONT></TD>

<TD>
<DIV ALIGN=right><U><FONT FACE="Arial,Helvetica"><FONT SIZE=-2>129</FONT></FONT></U></DIV>
</TD>

<TD>
<DIV ALIGN=right><U><FONT FACE="Arial,Helvetica"><FONT SIZE=-2>103</FONT></FONT></U></DIV>
</TD>

<TD>
<DIV ALIGN=right><U><FONT FACE="Arial,Helvetica"><FONT SIZE=-2>144</FONT></FONT></U></DIV>
</TD>

<TD>
<DIV ALIGN=right><U><FONT FACE="Arial,Helvetica"><FONT SIZE=-2>147</FONT></FONT></U></DIV>
</TD>

<TD>
<DIV ALIGN=right><U><FONT FACE="Arial,Helvetica"><FONT SIZE=-2>121</FONT></FONT></U></DIV>
</TD>

<TD>
<DIV ALIGN=right><U><FONT FACE="Arial,Helvetica"><FONT SIZE=-2>119</FONT></FONT></U></DIV>
</TD>

<TD>
<DIV ALIGN=right><U><FONT FACE="Arial,Helvetica"><FONT SIZE=-2>114</FONT></FONT></U></DIV>
</TD>
</TR>

<TR>
<TD></TD>

<TD>
<DIV ALIGN=right><FONT FACE="Arial,Helvetica"><FONT SIZE=-2>1,429</FONT></FONT></DIV>
</TD>

<TD>
<DIV ALIGN=right><FONT FACE="Arial,Helvetica"><FONT SIZE=-2>1,058</FONT></FONT></DIV>
</TD>

<TD>
<DIV ALIGN=right><FONT FACE="Arial,Helvetica"><FONT SIZE=-2>1,567</FONT></FONT></DIV>
</TD>

<TD>
<DIV ALIGN=right><FONT FACE="Arial,Helvetica"><FONT SIZE=-2>1,556</FONT></FONT></DIV>
</TD>

<TD>
<DIV ALIGN=right><FONT FACE="Arial,Helvetica"><FONT SIZE=-2>1,486</FONT></FONT></DIV>
</TD>

<TD>
<DIV ALIGN=right><FONT FACE="Arial,Helvetica"><FONT SIZE=-2>1,492</FONT></FONT></DIV>
</TD>

<TD>
<DIV ALIGN=right><FONT FACE="Arial,Helvetica"><FONT SIZE=-2>1,393</FONT></FONT></DIV>
</TD>
</TR>

<TR>
<TD><FONT FACE="Arial,Helvetica"><FONT SIZE=-2>Interest Capitalized </FONT></FONT></TD>

<TD>
<DIV ALIGN=right><U><FONT FACE="Arial,Helvetica"><FONT SIZE=-2>   
5</FONT></FONT></U></DIV>
</TD>

<TD>
<DIV ALIGN=right><U><FONT FACE="Arial,Helvetica"><FONT SIZE=-2>4</FONT></FONT></U></DIV>
</TD>

<TD>
<DIV ALIGN=right><U><FONT FACE="Arial,Helvetica"><FONT SIZE=-2>5</FONT></FONT></U></DIV>
</TD>

<TD>
<DIV ALIGN=right><U><FONT FACE="Arial,Helvetica"><FONT SIZE=-2>3</FONT></FONT></U></DIV>
</TD>

<TD>
<DIV ALIGN=right><U><FONT FACE="Arial,Helvetica"><FONT SIZE=-2>5</FONT></FONT></U></DIV>
</TD>

<TD>
<DIV ALIGN=right><U><FONT FACE="Arial,Helvetica"><FONT SIZE=-2>4</FONT></FONT></U></DIV>
</TD>

<TD>
<DIV ALIGN=right><U><FONT FACE="Arial,Helvetica"><FONT SIZE=-2>1</FONT></FONT></U></DIV>
</TD>
</TR>

<TR>
<TD></TD>

<TD></TD>

<TD></TD>

<TD></TD>

<TD></TD>

<TD></TD>

<TD></TD>

<TD></TD>
</TR>

<TR>
<TD><FONT FACE="Arial,Helvetica"><FONT SIZE=-2>Total fixed charges</FONT></FONT></TD>

<TD>
<DIV ALIGN=right><FONT FACE="Arial,Helvetica"><FONT SIZE=-2>$1,434</FONT></FONT></DIV>
</TD>

<TD>
<DIV ALIGN=right><FONT FACE="Arial,Helvetica"><FONT SIZE=-2>$1,062</FONT></FONT></DIV>
</TD>

<TD>
<DIV ALIGN=right><FONT FACE="Arial,Helvetica"><FONT SIZE=-2>$1,572</FONT></FONT></DIV>
</TD>

<TD>
<DIV ALIGN=right><FONT FACE="Arial,Helvetica"><FONT SIZE=-2>$1,559</FONT></FONT></DIV>
</TD>

<TD>
<DIV ALIGN=right><FONT FACE="Arial,Helvetica"><FONT SIZE=-2>$1,491</FONT></FONT></DIV>
</TD>

<TD>
<DIV ALIGN=right><FONT FACE="Arial,Helvetica"><FONT SIZE=-2>$1,496</FONT></FONT></DIV>
</TD>

<TD>
<DIV ALIGN=right><FONT FACE="Arial,Helvetica"><FONT SIZE=-2>$1,394</FONT></FONT></DIV>
</TD>
</TR>

<TR>
<TD></TD>

<TD>
<HR WIDTH="100%"></TD>

<TD>
<HR WIDTH="100%"></TD>

<TD>
<HR WIDTH="100%"></TD>

<TD>
<HR WIDTH="100%"></TD>

<TD>
<HR WIDTH="100%"></TD>

<TD>
<HR WIDTH="100%"></TD>

<TD>
<HR WIDTH="100%"></TD>
</TR>

<TR>
<TD><FONT FACE="Arial,Helvetica"><FONT SIZE=-2>Income</FONT></FONT></TD>

<TD></TD>

<TD></TD>

<TD></TD>

<TD></TD>

<TD></TD>

<TD></TD>

<TD></TD>
</TR>

<TR>
<TD><FONT FACE="Arial,Helvetica"><FONT SIZE=-2>Income from continuing operations</FONT></FONT></TD>

<TD>
<DIV ALIGN=right><FONT FACE="Arial,Helvetica"><FONT SIZE=-2>$1,248</FONT></FONT></DIV>
</TD>

<TD>
<DIV ALIGN=right><FONT FACE="Arial,Helvetica"><FONT SIZE=-2>$713</FONT></FONT></DIV>
</TD>

<TD>
<DIV ALIGN=right><FONT FACE="Arial,Helvetica"><FONT SIZE=-2>$1,072</FONT></FONT></DIV>
</TD>

<TD>
<DIV ALIGN=right><FONT FACE="Arial,Helvetica"><FONT SIZE=-2>$1,188</FONT></FONT></DIV>
</TD>

<TD>
<DIV ALIGN=right><FONT FACE="Arial,Helvetica"><FONT SIZE=-2>$1,271</FONT></FONT></DIV>
</TD>

<TD>
<DIV ALIGN=right><FONT FACE="Arial,Helvetica"><FONT SIZE=-2>$1,025</FONT></FONT></DIV>
</TD>

<TD>
<DIV ALIGN=right><FONT FACE="Arial,Helvetica"><FONT SIZE=-2>$857</FONT></FONT></DIV>
</TD>
</TR>

<TR>
<TD><FONT SIZE=-2><FONT FACE="Arial,Helvetica">Deduct undistributed net
income </FONT><FONT FACE="Arial">of unconsolidated companies</FONT></FONT></TD>

<TD>
<DIV ALIGN=right><U><FONT FACE="Arial,Helvetica"><FONT SIZE=-2>10</FONT></FONT></U></DIV>
</TD>

<TD>
<DIV ALIGN=right><U><FONT FACE="Arial,Helvetica"><FONT SIZE=-2>5</FONT></FONT></U></DIV>
</TD>

<TD>
<DIV ALIGN=right><U><FONT FACE="Arial,Helvetica"><FONT SIZE=-2>11</FONT></FONT></U></DIV>
</TD>

<TD>
<DIV ALIGN=right><U><FONT FACE="Arial,Helvetica"><FONT SIZE=-2>13</FONT></FONT></U></DIV>
</TD>

<TD>
<DIV ALIGN=right><U><FONT FACE="Arial,Helvetica"><FONT SIZE=-2>8</FONT></FONT></U></DIV>
</TD>

<TD>
<DIV ALIGN=right><U><FONT FACE="Arial,Helvetica"><FONT SIZE=-2>9</FONT></FONT></U></DIV>
</TD>

<TD>
<DIV ALIGN=right><U><FONT FACE="Arial,Helvetica"><FONT SIZE=-2>(7)</FONT></FONT></U></DIV>
</TD>
</TR>

<TR>
<TD></TD>

<TD>
<DIV ALIGN=right><FONT FACE="Arial"><FONT SIZE=-2>1,238</FONT></FONT></DIV>
</TD>

<TD>
<DIV ALIGN=right><FONT FACE="Arial"><FONT SIZE=-2>708</FONT></FONT></DIV>
</TD>

<TD>
<DIV ALIGN=right><FONT FACE="Arial"><FONT SIZE=-2>1,061</FONT></FONT></DIV>
</TD>

<TD>
<DIV ALIGN=right><FONT FACE="Arial"><FONT SIZE=-2>1,175</FONT></FONT></DIV>
</TD>

<TD>
<DIV ALIGN=right><FONT FACE="Arial"><FONT SIZE=-2>1,263</FONT></FONT></DIV>
</TD>

<TD>
<DIV ALIGN=right><FONT FACE="Arial"><FONT SIZE=-2>1,016</FONT></FONT></DIV>
</TD>

<TD>
<DIV ALIGN=right><FONT FACE="Arial"><FONT SIZE=-2>864</FONT></FONT></DIV>
</TD>
</TR>

<TR>
<TD><FONT FACE="Arial"><FONT SIZE=-2>Add</FONT></FONT></TD>

<TD></TD>

<TD></TD>

<TD></TD>

<TD></TD>

<TD></TD>

<TD></TD>

<TD></TD>
</TR>

<TR>
<TD><FONT FACE="Arial"><FONT SIZE=-2>Fixed charges (excluding interest
capitalized)</FONT></FONT></TD>

<TD>
<DIV ALIGN=right><FONT FACE="Arial"><FONT SIZE=-2>1,429</FONT></FONT></DIV>
</TD>

<TD>
<DIV ALIGN=right><FONT FACE="Arial"><FONT SIZE=-2>1,058</FONT></FONT></DIV>
</TD>

<TD>
<DIV ALIGN=right><FONT FACE="Arial"><FONT SIZE=-2>1,567</FONT></FONT></DIV>
</TD>

<TD>
<DIV ALIGN=right><FONT FACE="Arial"><FONT SIZE=-2>1,556</FONT></FONT></DIV>
</TD>

<TD>
<DIV ALIGN=right><FONT FACE="Arial"><FONT SIZE=-2>1,486</FONT></FONT></DIV>
</TD>

<TD>
<DIV ALIGN=right><FONT FACE="Arial"><FONT SIZE=-2>1,492</FONT></FONT></DIV>
</TD>

<TD>
<DIV ALIGN=right><FONT FACE="Arial"><FONT SIZE=-2>1,393</FONT></FONT></DIV>
</TD>
</TR>

<TR>
<TD><FONT FACE="Arial"><FONT SIZE=-2>Income taxes </FONT></FONT></TD>

<TD>
<DIV ALIGN=right><U><FONT FACE="Arial"><FONT SIZE=-2>790</FONT></FONT></U></DIV>
</TD>

<TD>
<DIV ALIGN=right><U><FONT FACE="Arial"><FONT SIZE=-2>452</FONT></FONT></U></DIV>
</TD>

<TD>
<DIV ALIGN=right><U><FONT FACE="Arial"><FONT SIZE=-2>766</FONT></FONT></U></DIV>
</TD>

<TD>
<DIV ALIGN=right><U><FONT FACE="Arial"><FONT SIZE=-2>912</FONT></FONT></U></DIV>
</TD>

<TD>
<DIV ALIGN=right><U><FONT FACE="Arial"><FONT SIZE=-2>834</FONT></FONT></U></DIV>
</TD>

<TD>
<DIV ALIGN=right><U><FONT FACE="Arial"><FONT SIZE=-2>703</FONT></FONT></U></DIV>
</TD>

<TD>
<DIV ALIGN=right><U><FONT FACE="Arial"><FONT SIZE=-2>614</FONT></FONT></U></DIV>
</TD>
</TR>

<TR>
<TD><FONT FACE="Arial"><FONT SIZE=-2>Income before fixed charges and</FONT></FONT></TD>

<TD></TD>

<TD></TD>

<TD></TD>

<TD></TD>

<TD></TD>

<TD></TD>

<TD></TD>
</TR>

<TR>
<TD><FONT FACE="Arial"><FONT SIZE=-2>income taxes</FONT></FONT></TD>

<TD>
<DIV ALIGN=right><FONT FACE="Arial"><FONT SIZE=-2>$3,457</FONT></FONT></DIV>
</TD>

<TD>
<DIV ALIGN=right><FONT FACE="Arial"><FONT SIZE=-2>$2,218</FONT></FONT></DIV>
</TD>

<TD>
<DIV ALIGN=right><FONT FACE="Arial"><FONT SIZE=-2>$3,394</FONT></FONT></DIV>
</TD>

<TD>
<DIV ALIGN=right><FONT FACE="Arial"><FONT SIZE=-2>$3,643</FONT></FONT></DIV>
</TD>

<TD>
<DIV ALIGN=right><FONT FACE="Arial"><FONT SIZE=-2>$3,583</FONT></FONT></DIV>
</TD>

<TD>
<DIV ALIGN=right><FONT FACE="Arial"><FONT SIZE=-2>$3,211</FONT></FONT></DIV>
</TD>

<TD>
<DIV ALIGN=right><FONT FACE="Arial"><FONT SIZE=-2>$2,871</FONT></FONT></DIV>
</TD>
</TR>

<TR>
<TD></TD>

<TD>
<HR WIDTH="100%"></TD>

<TD>
<HR WIDTH="100%"></TD>

<TD>
<HR WIDTH="100%"></TD>

<TD>
<HR WIDTH="100%"></TD>

<TD>
<HR WIDTH="100%"></TD>

<TD>
<HR WIDTH="100%"></TD>

<TD>
<HR WIDTH="100%"></TD>
</TR>

<TR>
<TD><FONT FACE="Arial"><FONT SIZE=-2>Ratio of income to fixed charges </FONT></FONT></TD>

<TD>
<DIV ALIGN=right><FONT FACE="Arial,Helvetica"><FONT SIZE=-2>2.41</FONT></FONT></DIV>
</TD>

<TD>
<DIV ALIGN=right><FONT FACE="Arial,Helvetica"><FONT SIZE=-2>2.09</FONT></FONT></DIV>
</TD>

<TD>
<DIV ALIGN=right><FONT FACE="Arial,Helvetica"><FONT SIZE=-2>2.16</FONT></FONT></DIV>
</TD>

<TD>
<DIV ALIGN=right><FONT FACE="Arial,Helvetica"><FONT SIZE=-2>2.34</FONT></FONT></DIV>
</TD>

<TD>
<DIV ALIGN=right><FONT FACE="Arial,Helvetica"><FONT SIZE=-2>2.40</FONT></FONT></DIV>
</TD>

<TD>
<DIV ALIGN=right><FONT FACE="Arial,Helvetica"><FONT SIZE=-2>2.15</FONT></FONT></DIV>
</TD>

<TD>
<DIV ALIGN=right><FONT FACE="Arial,Helvetica"><FONT SIZE=-2>2.06</FONT></FONT></DIV>
</TD>
</TR>

<TR>
<TD></TD>

<TD>
<HR WIDTH="100%"></TD>

<TD>
<HR WIDTH="100%"></TD>

<TD>
<HR WIDTH="100%"></TD>

<TD>
<HR WIDTH="100%"></TD>

<TD>
<HR WIDTH="100%"></TD>

<TD>
<HR WIDTH="100%"></TD>

<TD>
<HR WIDTH="100%"></TD>
</TR>
</TABLE></CENTER>
 
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