-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
 ImZrZOQTpaP0qGDV70uk2h2nPKGoiAfTDQxnbgbDPRYe+b46YGwQvp3XP2K6sqZS
 v6zOuc6ajMNhs1rYozCkVQ==

<SEC-DOCUMENT>0001209191-03-008411.txt : 20030623
<SEC-HEADER>0001209191-03-008411.hdr.sgml : 20030623
<ACCEPTANCE-DATETIME>20030623125139
ACCESSION NUMBER:		0001209191-03-008411
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20030619
FILED AS OF DATE:		20030623

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			SMITH CECE
		CENTRAL INDEX KEY:			0001186382

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-09338
		FILM NUMBER:		03752945

	BUSINESS ADDRESS:	
		STREET 1:		6820 LBJ FRWY
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75240

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MICHAELS STORES INC
		CENTRAL INDEX KEY:			0000740670
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-HOBBY, TOY & GAME SHOPS [5945]
		IRS NUMBER:				751943604
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0201

	BUSINESS ADDRESS:	
		STREET 1:		8000 BENT BRANCH DR
		STREET 2:		PO BOX 619566
		CITY:			IRVING
		STATE:			TX
		ZIP:			75063
		BUSINESS PHONE:		2147147000

	MAIL ADDRESS:	
		STREET 1:		PO BOX 619566
		CITY:			DFW
		STATE:			TX
		ZIP:			75261
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>doc4.xml
<DESCRIPTION>FORM 4 SUBMISSION
<TEXT>
<XML>
<?xml version="1.0"?><ownershipDocument><schemaVersion>X0101</schemaVersion>    <documentType>4</documentType><periodOfReport>2003-06-19</periodOfReport><issuer><issuerCik>0000740670</issuerCik><issuerName>MICHAELS STORES INC</issuerName>        <issuerTradingSymbol>MIK</issuerTradingSymbol></issuer><reportingOwner><reportingOwnerId><rptOwnerCik>0001186382</rptOwnerCik><rptOwnerName>SMITH CECE</rptOwnerName></reportingOwnerId><reportingOwnerAddress><rptOwnerStreet1>  </rptOwnerStreet1><rptOwnerStreet2>  </rptOwnerStreet2><rptOwnerCity>  </rptOwnerCity><rptOwnerState>  </rptOwnerState><rptOwnerZipCode>  </rptOwnerZipCode></reportingOwnerAddress><reportingOwnerRelationship><isDirector>1</isDirector><isOfficer>0</isOfficer><isTenPercentOwner>0</isTenPercentOwner><isOther>0</isOther><officerTitle></officerTitle><otherText></otherText></reportingOwnerRelationship></reportingOwner><derivativeSecurity><securityTitle><value>Stock Option (Right to Buy)</value></securityTitle><conversionOrExercisePrice><value>38.96</v
alue></conversionOrExercisePrice><transactionDate><value>2003-06-19</value></transactionDate><transactionCoding><transactionFormType>4</transactionFormType><transactionCode>A</transactionCode><equitySwapInvolved>0</equitySwapInvolved></transactionCoding><transactionTimeliness><value></value></transactionTimeliness><transactionAmounts><transactionShares><value>17500</value></transactionShares><transactionValue><value>0</value></transactionValue><transactionAcquiredDisposedCode><value>A</value></transactionAcquiredDisposedCode></transactionAmounts><exerciseDate><value>2003-06-19</value><footnoteId id="F1" /></exerciseDate><expirationDate><value>2008-06-18</value></expirationDate><underlyingSecurity><underlyingSecurityTitle><value>Common Stock</value></underlyingSecurityTitle><underlyingSecurityShares><value>17500</value></underlyingSecurityShares></underlyingSecurity><postTransactionAmounts><sharesOwnedFollowingTransaction><value>17500</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershi
pNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership></ownershipNature></derivativeSecurity><footnotes><footnote id="F1">Grant to the reporting person on June 19, 2003 of options under the Michaels Stores, Inc. 2001 General Stock Option Plan to purchase 17,500 shares of Michaels Stores, Inc. common stock (exempt), all of which vested immediately upon grant.</footnote></footnotes><ownerSignature><signatureName>/s/ Elizabeth K. Giddens, Elizabeth K. Giddens, Attorney-in-Fact for Cece Smith</signatureName><signatureDate>2003-06-23</signatureDate></ownerSignature></ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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