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/FIRST AND FINAL ADD -- NY028 -- SEARS EARNINGS/

 SEARS, ROEBUCK AND CO.
 SUPPLEMENTAL INFORMATION
 Contribution to Income
 Twelve Months Ended December 31, 1992 and 1991
 Adjustments
 1992 Restruc- Hurricane
 (millions) Actual turing Andrew
 Sears Merchandise
 Dom. Merchandising ($1,366.1) - -
 Catalog (217.8) - -
 Restructuring (1,720.8) $1,693.6 -
 Merchandising (3,304.7) 1,693.6 -
 Credit 337.9 - -
 International (10.2) 8.9 -
 Group income (2,977.0) 1,702.5 -
 Allstate Insurance
 Property-liability (900.2) - $1,650.0
 Life 75.0 - -
 Group income (825.2) - 1,650.0
 Homart (257.3) 206.7 -
 Corporate & Other (345.7) 14.8 -
 Income (loss) from
 continuing business (4,405.2) 1,924.0 1,650.0
 Discontinued operations:
 Dean Witter 410.5 - -
 CB Residential Services 67.2 - -
 Intergroup transactions (4.8) - -
 Income from
 discontinued business 472.9 - -
 Income (loss) ($3,932.3) $1,924.0 $1,650.0
 Twelve Months Ended December 31, 1992 and 1991
 Adjustments
 SFAS Nos. 106/112 Sale of
 Accounting Changes Minority
 (millions) Cumulative Incremental Interests
 Sears Merchandise
 Dom. Merchandising $1,349.2 $54.6 -
 Catalog 54.5 3.5 -
 Restructuring - 27.2 -
 Merchandising 1,403.7 85.3 -
 Credit 70.4 2.3 -
 International 30.7 1.5 ($54.5)
 Group income 1,504.8 89.1 (54.5)
 Allstate Insurance
 Property-liability 311.5 22.0 -
 Life 14.1 0.8 -
 Group income 325.6 22.8 -
 Homart 1.7 0.3 -
 Corporate & Other 6.3 - -
 Income (loss) from
 continuing business 1,838.4 112.2 (54.5)
 Discontinued operations
 Dean Witter 28.6 4.5 (32.1)
 CB Residential Services 6.4 1.4 -
 Intergroup transactions - - -
 Income from
 discontinued business 35.0 5.9 (32.1)
 Income (loss) $1,873.4 $118.1 ($86.6)
 SUPPLEMENTAL INFORMATION
 Contribution to Income
 Twelve Months Ended December 31, 1992 and 1991
 1992 1991
 (millions) Adjusted Actual
 Sears Merchandise
 Dom. Merchandising $37.7 $235.1
 Catalog (159.8) (144.7)
 Restructuring - -
 Merchandising (122.1) 90.4
 Credit 410.6 393.5
 International (23.6) 2.4
 Group income 264.9 486.3
 Allstate Insurance
 Property-liability 1,083.3 556.9
 Life 89.9 165.6
 Group income 1,173.2 722.5
 Homart (48.6) 34.2
 Corporate & Other (324.6) (327.4)
 Income (loss) from
 continuing business 1,064.9 915.6
 Discontinued operations
 Dean Witter 411.5 344.6
 CB Residential Services 75.0 26.4
 Intergroup transactions (4.8) (7.7)
 Income from
 discontinued business 481.7 363.3
 Income (loss) $1,546.6 $1,278.9
 Three Months Ended December 31, 1992 and 1991
 Adjustments
 1992 Hurricane
 (millions) Actual Restructuring Andrew
 Sears Merchandise
 Dom. Merchandising $114.0 - -
 Catalog (28.8) - -
 Restructuring (1,655.1) $1,655.1 -
 Merchandising (1,569.9) 1,655.1 -
 Credit 100.4 - -
 International 5.2 8.9 -
 Group income (1,464.3) 1,664.0 -
 Allstate Insurance
 Property-liability (165.1) - $500.0
 Life 26.2 - -
 Group income (138.9) - 500.0
 Homart (216.9) 206.7 -
 Corporate & Other (89.8) 14.8 -
 Income (loss) from
 continuing businesses (1,909.9) 1,885.5 500.0
 Discontinued operations:
 Dean Witter 86.8 - -
 CB Residential Services 19.0 - -
 Intergroup transactions (0.7) - -
 Income from
 discontinued businesses 105.1 - -
 Income (loss) ($1,804.8) $1,885.5 $500.0
 SUPPLEMENTAL INFORMATION
 Contribution to Income
 Three Months Ended December 31, 1992 and 1991
 Adjustments
 SFAS Nos. 106/
 112 Incremen- 1992 1991
 (millions) tal Expense Adjusted Actual
 Sears Merchandise
 Dom. Merchandising $19.5 $133.5 $201.8
 Catalog 2.2 (26.6) (34.4)
 Restructuring - - -
 Merchandising 21.7 106.9 167.4
 Credit 0.6 101.0 100.8
 International 0.3 14.4 20.9
 Group income 22.6 222.3 289.1
 Allstate Insurance
 Property-liability 5.7 340.6 177.0
 Life 0.2 26.4 33.9
 Group income 5.9 367.0 210.9
 Homart 0.1 (10.1) 15.6
 Corporate & Other - (75.0) (82.0)
 Income (loss) from
 continuing businesses 28.6 504.2 433.6
 Discontinued operations:
 Dean Witter 1.1 87.9 83.8
 CB Residential Services 0.4 19.4 1.6
 Intergroup transactions - (0.7) (5.9)
 Income from
 discontinued businesses 1.5 106.6 79.5
 Income (loss) $30.1 $610.8 $513.1
 -0- 2/9/93
 /PRNewswire -- Feb. 9/
 /END FIRST AND FINAL ADD/
 (S)


CO: Sears, Roebuck & Co. ST: Illinois IN: REA SU: ERN

KD -- NY028A -- 4647 02/09/93 12:00 EST
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Date:Feb 9, 1993
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