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<center><font face="Arial,Helvetica">UNITED STATES</font>
<br><font face="Arial,Helvetica">SECURITIES AND EXCHANGE COMMISSION</font>
<br><font face="Arial,Helvetica">WASHINGTON, D.C. 20549</font></center>
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<center><font face="Arial,Helvetica">FORM 8-K</font></center>
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<center><font face="Arial,Helvetica">CURRENT REPORT</font></center>
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<center><font face="Arial,Helvetica">Pursuant to Section 1 of the</font>
<br><font face="Arial,Helvetica">Securities Exchange Act of 1934</font></center>
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<center><font face="Arial,Helvetica">Date of Report (Date of earliest event
reported:&nbsp; June 6, 2000)</font></center>
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<center><b><font face="Arial,Helvetica"><font size=+2>SRFG, INC.</font></font></b>
<br><font face="Arial,Helvetica">(Exact name of registrant as specified
in charter)</font></center>
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<center><font face="Arial,Helvetica">Illinois</font>
<br><font face="Arial,Helvetica">(State of Organization)</font></center>
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<center><font face="Arial,Helvetica">0-24776</font>
<br><font face="Arial,Helvetica">(Commission File Number)</font></center>
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<center><font face="Arial,Helvetica">Not Applicable</font>
<br><font face="Arial,Helvetica">(IRS Employer Identification No.)</font></center>
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<center><font face="Arial,Helvetica">3711 Kennett Pike</font>
<br><font face="Arial,Helvetica">Greenville, DE</font>
<br><font face="Arial,Helvetica">(Address of principal executive offices)</font></center>
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<center><font face="Arial,Helvetica">19807</font>
<br><font face="Arial,Helvetica">(Zip Code)</font></center>
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<td VALIGN=TOP COLSPAN="3"><font face="Arial,Helvetica">Registrant's Telephone
Number, including area code: (302)434-3176</font></td>
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<p><font face="Arial,Helvetica">Item 5. Other Events</font>
<p><font face="Arial,Helvetica">Effective as of May 31, 2000, SRFG, Inc.
("SRFG") caused $200 million in Principal Receivables to be removed from
Sears Credit Account Master Trust II (the "Trust") pursuant to Section
2.09 of the Pooling and Servicing Agreement dated as of July 31, 1994,
as amended, among SRFG (formerly Sears Receivables Financing Group, Inc.)
as Seller, Sears, Roebuck and Co. as Servicer and Bank One, National Association
as Trustee (formerly The First National Bank of Chicago) (the "Pooling
and Servicing Agreement"), reducing the Seller Interest by a corresponding
amount.</font>
<p><font face="Arial,Helvetica">The receivables were removed in connection
with Sears announced intention, on a pilot basis, to substitute Sears Gold
MasterCards for the Sears Cards of certain customers who do not revolve
balances on their accounts, either because they do not use their cards
or because they use the cards only for convenience, making all payments
within their grace periods. While SRFG has removed these receivables from
the Trust, no assurance can be provided that MasterCard balances will not
become assets of the Trust in the future.</font>
<p><font face="Arial,Helvetica">(Capitalized terms used herein without
definition have the meanings given to them in the Pooling and Servicing
Agreement.)</font>
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<p><font face="Arial,Helvetica">SIGNATURES</font></center>

<p><font face="Arial,Helvetica">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.</font>
<br>&nbsp;
<br>&nbsp;
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<td VALIGN=CENTER WIDTH="52%"><font face="Arial,Helvetica">SRFG, INC.</font>
<p>&nbsp;</td>
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<td VALIGN=CENTER WIDTH="52%"><font face="Arial,Helvetica">By: /s/ George
Slook</font>
<br><font face="Arial,Helvetica">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
George Slook&nbsp;<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; President</font></td>
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<p><font face="Arial,Helvetica">Date: June 8, 2000</font>
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{"company-data": {"conformed-name": "SRFG INC", "cik": "0000832087", "assigned-sic": "6189", "irs-number": "521569712", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "033-21172", "film-number": "651241"}, "business-address": {"street1": "3711 KENNETT PIKE", "city": "GREENVILLE", "state": "DE", "zip": "19807", "phone": "3024343112"}, "mail-address": {"street1": "3711 KENNETH PIKE", "city": "GREENVILLE", "state": "DE", "zip": "19807"}, "former-company": {"former-conformed-name": "SEARS RECEIVABLES FINANCING GROUP INC", "date-changed": "19930809"}}
UNITED STATES
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 1 of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event
reported:  June 6, 2000)
SRFG, INC.
(Exact name of registrant as specified
in charter)
Illinois
(State of Organization)
0-24776
(Commission File Number)
Not Applicable
(IRS Employer Identification No.)
3711 Kennett Pike
Greenville, DE
(Address of principal executive offices)
19807
(Zip Code)
Registrant's Telephone
Number, including area code: (302)434-3176
Item 5. Other Events
Effective as of May 31, 2000, SRFG, Inc.
("SRFG") caused $200 million in Principal Receivables to be removed from
Sears Credit Account Master Trust II (the "Trust") pursuant to Section
2.09 of the Pooling and Servicing Agreement dated as of July 31, 1994,
as amended, among SRFG (formerly Sears Receivables Financing Group, Inc.)
as Seller, Sears, Roebuck and Co. as Servicer and Bank One, National Association
as Trustee (formerly The First National Bank of Chicago) (the "Pooling
and Servicing Agreement"), reducing the Seller Interest by a corresponding
amount.
The receivables were removed in connection
with Sears announced intention, on a pilot basis, to substitute Sears Gold
MasterCards for the Sears Cards of certain customers who do not revolve
balances on their accounts, either because they do not use their cards
or because they use the cards only for convenience, making all payments
within their grace periods. While SRFG has removed these receivables from
the Trust, no assurance can be provided that MasterCard balances will not
become assets of the Trust in the future.
(Capitalized terms used herein without
definition have the meanings given to them in the Pooling and Servicing
Agreement.)
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.
SRFG, INC.
By: /s/ George
Slook
George Slook
President
Date: June 8, 2000