SEARS ROEBUCK ACCEPTANCE CORP
424B2, 2000-12-13
SHORT-TERM BUSINESS CREDIT INSTITUTIONS
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This Pricing Supplement, filed pursuant to Rule 424(b)(2), relates to
Registration Statement No.333-30879 and to each Prospectus dated  9/17/1998
and to each Prospectus Supplement dated  9/17/1998

PRICING SUPPLEMENT TO PROSPECTUS SUPPLEMENT DATED
September 17, 1998 TO PROSPECTUS DATED September 17, 1998

Pricing Supplement:     20
Dated:  12/13/2000

                      Sears Roebuck Acceptance Corp.

                       Medium-Term Note Series     V
                             (Floating Rate)

                   Due at least 9 months from date of issue

Principal Amount of Note:               $  100,000,000
Settlement Date (Original Issue Date):  12/15/2000
Maturity Date:                          11/16/2001

Specified Currency:                     US $
                                      (If Other than U.S. Dollars, see attached)

Interest Rate Basis:                    3 MONTH LIBOR
        Spread Multiplier:  NA     Maximum Rate:  NA     Minimum Rate:  NA

Spread (plus or minus):                 +  .23000%

Index Maturity:                         Three(3)  Month

Date Initial Interest Rate Set:         12/13/2000

Interest Reset Date(s):                 Two business days prior to each coupon
                                            payment date

Interest Determination Date(s):         Two business days prior to each coupon
                                            payment date
Calculation Agent:                      CHASE MANHATTAN BANK

Interest Payment Date(s):               16th of Feb, May, Aug and Maturity

Regular Record Date(s):                 15 days prior to each interest
                                            payment date
Initial Interest Payment:                2/16/2001
Designated CMT Maturity Index:
Designated CMT Telerate Page:
Form of Purchased Notes:                DTC
Redemption Commencement Date:           NOT APPLICABLE

Redemption Price:  If a Redemption Commencement Date is specified
above, the Redemption Price shall be    -    of the principal amount
to be redeemed and shall decline at each anniversary of the Redemption
Commencement Date by    -    of the principal amount to be redeemed
until the Redemption Price is 100% of such principal amount.



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