Document:

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                                                     Exhibit 4.17

          SECOND AMENDMENT TO THE AMENDED AND RESTATED
                 RECEIVABLES PURCHASE AGREEMENT

     THIS SECOND AMENDMENT (this "Amendment") to the Amended  and

Restated  Receivables Purchase Agreement (the "Agreement")  dated

as  of  May 30, 1996, by and among SRI Receivables Purchase  Co.,

Inc.,   a   Delaware  corporation  (the  "Purchaser")   and   the

Originators  parties  thereto  (the  "Originator")  is  made  and

entered  into  as of November 9, 1999 by and among the  Purchaser

and the Originator.

     WHEREAS, Specialty Retailers, Inc. desires to refinance  the

SRI Receivables Master Trust;

     WHEREAS,  Specialty  Retailers, Inc.  (as  "Servicer"),  the

Purchaser  and  Bankers  Trust  (Delaware)  (as  "Trustee")  have

amended and restated the Pooling and Servicing Agreement and have

executed  the  Series  1999-1  Supplement  to  such  Pooling  and

Servicing Agreement as of the date hereof;

     WHEREAS,  the Originator and the Purchaser desire  to  bring

certain  provisions of the Agreement into conformity with certain

provisions  of the Pooling and Servicing Agreement, by  modifying

and  amending certain terms of the Agreement pursuant to  Section

8.01  thereof and in accordance with Section 13.1 of the  Pooling

and Servicing Agreement in the manner more particularly described

herein below;

     NOW,  THEREFORE,  for good and valuable  consideration,  the

receipt and sufficiency of which are hereby acknowledged:

     The Originator and the Purchaser hereby agree as follows:

     1.    Defined Terms.  Capitalized terms used herein but  not

otherwise  defined  shall  have the meanings  set  forth  in  the

Agreement, as amended by this Amendment.

     2.    Eligible Receivable.  Clause (c) of the definition  of

Eligible  Receivable  shall be amended and restated  to  read  as

follows:

          (c)   it  is,  at  the  time of  its  transfer  to  the
     Purchaser,  the  legal, valid and binding  obligation  of  a
     Person  or  is  guaranteed by a Person who  (i)  is  living,
     (ii)  is  not  a  minor under the laws of his/her  state  of
     residence  and (iii) is competent to enter into  a  contract
     and  incur debt (or with respect to obligations from Persons
     who  do  not  qualify under clauses (ii)  or  (iii),  is  so
     guaranteed by a Person who qualifies under clauses (i), (ii)
     and (iii)); provided, however that no more than 6.00% of all
     Eligible  Receivables shall be from Obligors which are  non-
     U.S.  Persons, unless the Rating Agency provides its written
     consent to an increase in such percentage;

     3.    Receivable.   The  definition of Receivable  shall  be

amended and restated to read as follows:

          "Receivable"  means, with respect to any  Obligor,  any
     account,  chattel  paper or general intangible  representing
     the  indebtedness  of such Obligor under  a  Charge  Account
     Agreement  arising in an Account from a sale of merchandise,
     insurance or services, or from a cash advance, and  includes
     the  right to payment of any interest or finance charges and
     other  obligations  of  such Obligor with  respect  thereto.
     Each Receivable includes, without limitation, all rights  of
     the   Originator   under  the  applicable   Charge   Account
     Agreement. Each increase in the Outstanding Balance  of  any
     Receivable (other than any such increase resulting from  the
     accrual  of interest or finance charges or other  fees  with
     respect  to such Receivable) shall, for purposes of  Article
     II, constitute a separate Principal Receivable.

     4.    Recoveries.   The  definition of Recoveries  shall  be

amended and restated to read as follows:

          "Recoveries," shall mean, with respect to  any  period,
     an  amount (which shall not be less than zero) equal to  the
     product  of  (i)  any  amounts received during  such  period
     ("Defaulted   Receivable   Receipts")   with   respect    to
     Receivables  in  Accounts which previously became  Defaulted
     Accounts and (ii) the fraction resulting from (A) one  minus
     (B)  a  fraction, the numerator of which is  the  cumulative
     aggregate Defaulted Receivable Repurchase Amount paid by the
     Originators  during the preceding six full  Monthly  Periods
     pursuant to Section 2.04(c), and the denominator of which is
     the  total  principal  amount of  Receivables  which  become
     Defaulted Receivables during such six Monthly Periods.

     5.                                                List    of

                                                       Originator

                                                       s.     The

                                                       List    of

                                                       Originator

                                                       s       on

                                                       Schedule I

                                                       of     the

                                                       Agreement

                                                       shall   be

                                                       amended

                                                       and

                                                       restated

                                                       to replace

                                                       "Palais

                                                       Royal,

                                                       Inc." with

                                                       "Specialty

                                                       Retailers,

                                                       Inc."

     6.     Effectiveness  of  Amendments.   The  parties  hereto

expressly acknowledge that the effectiveness of this Amendment is

conditioned  upon the receipt of written confirmation  from  each

Rating  Agency  to  the effect that the original  rating  of  any

Series  or  any  class  of  any Series will  not  be  reduced  or

withdrawn  as  a result of this Amendment.  Upon receipt  by  the

Trustee  of  such written confirmation, this Amendment  shall  be

deemed  effective  on the date hereof.  Except as  expressly  set

forth  above, all terms of the Agreement shall be and  remain  in

full  force and effect and shall constitute the legal, valid  and

binding  and enforceable obligations of the parties thereto.   To

the  extent  any  terms  and conditions in  the  Agreement  shall

contradict  or  be  in  conflict  with  any  provisions  of  this

Amendment, the provisions of this Amendment shall govern.

     7.    Governing Law.  THIS AMENDMENT AND THE AGREEMENT SHALL

BE  GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE

STATE  OF  NEW  YORK, WITHOUT REFERENCE TO ITS  CONFLICT  OF  LAW

PROVISIONS,  AND  THE  OBLIGATIONS, RIGHTS AND  REMEDIES  OF  THE

PARTIES   HEREUNDER  AND  THEREUNDER  SHALL  BE   DETERMINED   IN

ACCORDANCE WITH SUCH LAWS.

     8.    Counterparts.   This  Amendment  may  be  executed  in

separate counterparts each of which shall be an original and  all

of  which  taken  together  shall constitute  one  and  the  same

agreement.

     IN  WITNESS WHEREOF,  the parties thereto have executed this

Second Amendment as of November 9, 1999.

                              SPECIALTY     RETAILERS,      INC.,
Originator

                              By:  /s/ James A. Marcum_________
                              Its: Chief Financial Officer

                              By:  /s/ Charles M. Sledge_________
                              Its: Treasurer

                              SRI RECEIVABLES PURCHASE CO., INC.,
Purchaser

                              By:  /s/ James A. Marcum__________
                              Its: Chief Financial Officer-1-
                                                     Exhibit 4.19

      FIRST AMENDMENT TO THE RECEIVABLES TRANSFER AGREEMENT

     THIS  FIRST  AMENDMENT (this "Amendment") to the Receivables

Transfer Agreement (the "Agreement") dated as of August 1,  1998,

by  and  between  Specialty Retailers, Inc., a Texas  corporation

(the  "Purchaser" or "SRI") and Granite National  Bank,  N.A.,  a

national  banking  association (the "Bank") is made  and  entered

into as of November 9, 1999 by and between the Purchaser and  the

Bank.

     WHEREAS, Specialty Retailers, Inc. desires to refinance  the

SRI Receivables Master Trust;

     WHEREAS,  Specialty  Retailers, Inc. (as  "Servicer"),   SRI

Receivables  Purchase  Co.,  Inc. (as "Transferor")  and  Bankers

Trust  (Delaware)  (as "Trustee") have amended and  restated  the

Pooling and Servicing Agreement and have executed the Series 1999-

1  Supplement to such Pooling and Servicing Agreement as  of  the

date hereof;

     WHEREAS, the Purchaser and the Bank desire to bring  certain

provisions   of  the  Agreement  into  conformity  with   certain

provisions  of the Pooling and Servicing Agreement, by  modifying

and  amending certain terms of the Agreement pursuant to  Section

8.01  thereof and in accordance with Section 13.1 of the  Pooling

and Servicing Agreement in the manner more particularly described

herein below;

     NOW,  THEREFORE,  for good and valuable  consideration,  the

receipt and sufficiency of which are hereby acknowledged:

     The Purchaser and the Bank hereby agree as follows:

     1.    Defined Terms.  Capitalized terms used herein but  not

otherwise  defined  shall  have the meanings  set  forth  in  the

Agreement, as amended by this Amendment.

     2.    Receivable.   The  definition of Receivable  shall  be

amended and restated to read as follows:

          "Receivable"  means  any  account,  chattel  paper   or

     general  intangible  representing  the  indebtedness  of  an

     Obligor  under  a  Charge Account Agreement  arising  in  an

     Account from a sale of merchandise, insurance or services or

     from  a  cash advance, and includes the right to payment  of

     any  interest  or finance charges and other  obligations  of

     such   Obligor   with  respect  thereto.   Each   Receivable

     includes,  without limitation, all rights of the Bank  under

     the applicable Charge Account Agreement.

     3.     Effectiveness  of  Amendments.   The  parties  hereto

expressly acknowledge that the effectiveness of this Amendment is

conditioned  upon the receipt of written confirmation  from  each

Rating  Agency  to  the effect that the original  rating  of  any

Series  or  any  class  of  any Series will  not  be  reduced  or

withdrawn  as  a result of this Amendment.  Upon receipt  by  the

Trustee  of  such written confirmation, this Amendment  shall  be

deemed  effective  on the date hereof.  Except as  expressly  set

forth  above, all terms of the Agreement shall be and  remain  in

full  force and effect and shall constitute the legal, valid  and

binding  and enforceable obligations of the parties thereto.   To

the  extent  any  terms  and conditions in  the  Agreement  shall

contradict  or  be  in  conflict  with  any  provisions  of  this

Amendment, the provisions of this Amendment shall govern.

     4.    Governing Law.  THIS AMENDMENT AND THE AGREEMENT SHALL

BE  GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE

STATE  OF  NEW  YORK, WITHOUT REFERENCE TO ITS  CONFLICT  OF  LAW

PROVISIONS,  AND  THE  OBLIGATIONS, RIGHTS AND  REMEDIES  OF  THE

PARTIES   HEREUNDER  AND  THEREUNDER  SHALL  BE   DETERMINED   IN

ACCORDANCE WITH SUCH LAWS.

     5.    Counterparts.   This  Amendment  may  be  executed  in

separate counterparts each of which shall be an original and  all

of  which  taken  together  shall constitute  one  and  the  same

agreement.

     IN  WITNESS WHEREOF,  the parties thereto have executed this

First Amendment as of November 9, 1999.

                              SPECIALTY     RETAILERS,      INC.,
Purchaser

                              By:  /s/ Charles M. Sledge_______
                              Its: SVP

                              GRANITE  NATIONAL BANK,  N.A.,  The Bank

                              By:  /s/ James A. Marcum________
                              Its: Vice Chairman, CFO

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