UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549


                                   FORM 8-K


                                CURRENT REPORT


                         Pursuant to Section 13 of the

                        Securities Exchange Act of 1934


Date of Report (Date of earliest event reported):  January 16, 1996


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


Illinois                33-41484-01            Not Applicable
(State of               (Commission            (IRS Employer
Organization)           File Number)         Identification No.)

c/o Sears Receivables Financing Group, Inc.
3711 Kennett Pike
Greenville, Delaware                                      19807   
(Address of principal executive offices)               (Zip Code)


Registrant's Telephone Number, including area code: (302) 888-3176


Former name, former address and former fiscal year, if changed
since last report:  Not Applicable
<PAGE>
Item 5.     Other Events

            On January 16, 1996, Registrant made available the Monthly
Investor Certificateholders' Statement set forth as Exhibit 21.


Item 7.     Financial Statements and Exhibits

  21.       Monthly Investor Certificateholders' Statement related
            to the distribution of January 16, 1996 and reflecting
            the performance of the Trust during the Due Period
            ended in December 1995, which will accompany the
            distribution on January 16, 1996.

<PAGE>
                                  SIGNATURES


     Pursuant to the requirements of the Securities Exchange Act of
1934, the Registrant has duly caused this report to be signed on
its behalf by the undersigned thereunto duly authorized.


                              Sears Credit Account Master Trust I
                                          (Registrant)


                        By:   Sears Receivables Financing Group, Inc.
                                    (Originator of the Trust)


                        By:   /S/Jerome J. Leshne
                              Jerome J. Leshne
                              Vice President, Administration


Date: January 16, 1996<PAGE>
                                 EXHIBIT INDEX



Exhibit No.



      21.   Monthly Investor Certificateholders' Statement -
            (January 16, 1996).
[{"type": "8-K", "sequence": "1", "description": "SCAMT FORM 8-K DATED JANUARY 16, 1996", "secsgml_size_bytes": 2449}]
{"company-data": {"conformed-name": "SEARS CREDIT ACCOUNT MASTER TRUST I", "cik": "0000869391", "assigned-sic": "6141", "state-of-incorporation": "IL", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-20916", "film-number": "96503411"}, "business-address": {"street1": "3711 KENNETT PIKE", "street2": "C/O SEARS RECEIVABLES FINANCING GROUP", "city": "GREENVILE", "state": "DE", "zip": "19807", "phone": "3028883176"}, "mail-address": {"street1": "SEARS RECEIVABLES FINANCING GROUP INC", "street2": "3711 KENNETT PIKE", "city": "GREENVILLE", "state": "DE", "zip": "19807"}}
UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549

                                   FORM 8-K

                                CURRENT REPORT

                         Pursuant to Section 13 of the

                        Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):  January 16, 1996

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

Illinois                33-41484-01            Not Applicable
(State of               (Commission            (IRS Employer
Organization)           File Number)         Identification No.)

c/o Sears Receivables Financing Group, Inc.
3711 Kennett Pike
Greenville, Delaware                                      19807   
(Address of principal executive offices)               (Zip Code)

Registrant's Telephone Number, including area code: (302) 888-3176

Former name, former address and former fiscal year, if changed
since last report:  Not Applicable
Item 5.     Other Events

            On January 16, 1996, Registrant made available the Monthly
Investor Certificateholders' Statement set forth as Exhibit 21.

Item 7.     Financial Statements and Exhibits

  21.       Monthly Investor Certificateholders' Statement related
            to the distribution of January 16, 1996 and reflecting
            the performance of the Trust during the Due Period
            ended in December 1995, which will accompany the
            distribution on January 16, 1996.
SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of
1934, the Registrant has duly caused this report to be signed on
its behalf by the undersigned thereunto duly authorized.

                              Sears Credit Account Master Trust I
                                          (Registrant)

                        By:   Sears Receivables Financing Group, Inc.
                                    (Originator of the Trust)

                        By:   /S/Jerome J. Leshne
                              Jerome J. Leshne
                              Vice President, Administration

Date: January 16, 1996
EXHIBIT INDEX

Exhibit No.

      21.   Monthly Investor Certificateholders' Statement -
            (January 16, 1996).