SEARS CREDIT ACCOUNT MASTER TRUST I
15-12G, 1996-11-15
ASSET-BACKED SECURITIES
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549

FORM 15

CERTIFICATION AND NOTICE OF TERMINATION OF REGISTRATION UNDER SECTION
12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR SUSPENSION OF DUTY TO
FILE REPORTS UNDER SECTIONS 13 AND 15(d) OF THE SECURITIES EXCHANGE ACT
OF 1934.

Commission File Number:  33-41484-01

Sears Credit Account Master Trust I
(Exact name of registrant as specified in its charter)

c/o Sears Receivables Financing Group, Inc., 3711 Kennett Pike,
Greenville, DE  19807  (302) 323-7826
(Address, including zip code, and telephone number, including area code,
of registrant's principal executive offices)

Series 1992-1 Master Trust Certificates
(Title of each class of securities covered by this Form)

None
(Titles of all other classes of securities for which a duty to file
reports under section 13(a) or 15(d) remains)

Please place an X in the box(es) to designate, the appropriate rule
provision(s) relied upon to terminate or suspend the duty to file
reports:

Rule 12g-4(a)(1)(i)     X
Rule 12g-4(a)(1)(ii)
Rule 12g-4(a)(2)(i)
Rule 12g-4(a)(2)(ii)
Rule 12h-3(b)(1)(i)     X
Rule 12h-3(b)(1)(ii)
Rule 12h-3(b)(2)(i)
Rule 12h-3(b)(2)(ii)
Rule 15d-6              X

Approximate number of holders of record as of the certification or
notice date: None

Pursuant to the requirements of the Securities Exchange Act of 1934
(Name of registrant as specified in charter) has caused the
certification/notice to be signed on its behalf by the undersigned duly
authorized person.

Date: November 15, 1996

By:   /S/Gary D. Farrar
      Gary D. Farrar, Vice President, Administration

Instruction:  This form is required by Rules 12-4, 12h-3 and 15d-6 of
the General Rules and Regulations under the Securities Exchange Act of
1934.  The registrant shall file with the commission three copies of
Form 15, one of which shall be manually signed.  It may be signed by an
officer of the registrant, by counsel or by any other duly authorized
person.  The name and title of the person signing the form shall be
typed or printed under the signature.



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