SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 11-K
ANNUAL REPORT
Pursuant to Section 15(d) of the
Securities Exchange Act of 1934
(Mark One):
X ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934 [FEE REQUIRED].
For the fiscal year ended December 31, 1994
OR
TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934 [NO FEE REQUIRED].
For the transition period from to
Commission File No. 2-4468
THE SAVINGS AND PROFIT SHARING FUND OF
SEARS EMPLOYEES
SEARS, ROEBUCK AND CO.
Sears Tower
Chicago, Illinois 60684
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SIGNATURES
The Plan. Pursuant to the requirements of the Securities
Exchange Act of 1934, the Trustees have duly caused this
annual report to be signed on its behalf by the undersigned,
thereunto duly authorized.
THE SAVINGS AND PROFIT SHARING FUND
OF SEARS EMPLOYEES
By: /s/ Barry H. Pike
Barry H. Pike
Plan Administrator
Date: March 30, 1995
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EXHIBIT 23
INDEPENDENT AUDITORS' CONSENT
To the Trustees and the Participants
The Savings and Profit Sharing Fund of Sears Employees:
We consent to the incorporation by reference in Registration
Statement Nos. 33-51361, 33-52836, and 33-57205 of The Savings
and Profit Sharing Fund of Sears Employees (the "Fund") and
Sears, Roebuck and Co. of our report, dated March 24, 1995,
appearing in the Fund's Annual Report on Form 11-K for the
year ended December 31, 1994.
/s/ Deloitte & Touche LLP
March 24, 1995
