This Pricing Supplement, filed pursuant to Rule 424(b)(2), relates to Registration Statement No.333-92082 and to each Prospectus dated 11/20/2002 and to each Prospectus Supplement dated 11/20/2002 .. PRICING SUPPLEMENT TO PROSPECTUS SUPPLEMENT DATED November 20, 2002 TO PROSPECTUS DATED November 20, 2002 .. Pricing Supplement: 12 .. Dated: 5/02/2003 .. Sears Roebuck Acceptance Corp. .. Medium-Term Note Series VI (Floating Rate) Due at least 9 months from date of issue .. Principal Amount of Note: $ 132,000,000 Settlement Date (Original Issue Date): 5/09/2003 Maturity Date: 5/11/2004 .. 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): + 2.00000% .. Index Maturity: Three(3) Month .. Date Initial Interest Rate Set: 5/07/2003 .. Interest Reset Date(s): 11th of Feb, May, Aug, & Nov .. Interest Determination Date(s): Two business days prior to each coupon payment date Calculation Agent: BNY MIDWEST TRUST CO .. Interest Payment Date(s): 11th of Feb, May, Aug, & Nov .. Regular Record Date(s): 15 days prior to each interest payment date Initial Interest Payment: 8/11/2003 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. .. _________________________________