-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 RVFAsvMN5s4uU4i5sQnEBC5InnnlDzymAyT+bVDL6e1KDcEFXuJAQxpcNsNDtr2a
 ecKoi3iyB5HE8ulxTeqOFg==

<SEC-DOCUMENT>0001209191-03-036467.txt : 20031223
<SEC-HEADER>0001209191-03-036467.hdr.sgml : 20031223
<ACCEPTANCE-DATETIME>20031223154122
ACCESSION NUMBER:		0001209191-03-036467
CONFORMED SUBMISSION TYPE:	3/A
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20030512
FILED AS OF DATE:		20031223

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:		********
		CITY:			IRVING
		STATE:			TX
		ZIP:			75063
		BUSINESS PHONE:		(972)409-1300

	MAIL ADDRESS:	
		STREET 1:		PO BOX 619566
		CITY:			DFW
		STATE:			TX
		ZIP:			75261-9566

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			KANTER HARVEY S
		CENTRAL INDEX KEY:			0001232404

	FILING VALUES:
		FORM TYPE:		3/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-09338
		FILM NUMBER:		031070983

	BUSINESS ADDRESS:	
		STREET 1:		8000 BENT BRANCH DRIVE
		CITY:			IRVING
		STATE:			TX
		ZIP:			75063
		BUSINESS PHONE:		9724091300

	MAIL ADDRESS:	
		STREET 1:		8000 BENT BRANCH DRIVE
		CITY:			IRVING
		STATE:			TX
		ZIP:			75063
</SEC-HEADER>
<DOCUMENT>
<TYPE>3/A
<SEQUENCE>1
<FILENAME>doc3a.xml
<DESCRIPTION>FORM 3/A SUBMISSION
<TEXT>
<XML>
<?xml version="1.0"?><ownershipDocument>
    <schemaVersion>X0201</schemaVersion>

    <documentType>3/A</documentType><periodOfReport>2003-05-12</periodOfReport><dateOfOriginalSubmission>2003-05-21</dateOfOriginalSubmission>
    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0000740670</issuerCik>
        <issuerName>MICHAELS STORES INC</issuerName>
        <issuerTradingSymbol>MIK</issuerTradingSymbol></issuer><reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001232404</rptOwnerCik>
            <rptOwnerName>KANTER HARVEY S</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>8000 BENT BRANCH DRIVE</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>IRVING</rptOwnerCity>
            <rptOwnerState>TX</rptOwnerState>
            <rptOwnerZipCode>75063</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
<isDirector>0</isDirector><isOfficer>1</isOfficer><isTenPercentOwner>0</isTenPercentOwner><isOther>0</isOther><officerTitle>Pres. Aaron Brothers, Inc.</officerTitle></reportingOwnerRelationship></reportingOwner><derivativeTable><derivativeHolding><securityTitle><value>Stock Option (Right to Buy)</value><footnoteId id="F1" /></securityTitle><conversionOrExercisePrice><value>33.3000</value></conversionOrExercisePrice><exerciseDate><footnoteId id="F2" /></exerciseDate><expirationDate><value>2008-05-06</value></expirationDate><underlyingSecurity><underlyingSecurityTitle><value>Common Stock</value></underlyingSecurityTitle><underlyingSecurityShares><value>40000.0000</value></underlyingSecurityShares></underlyingSecurity><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership></ownershipNature></derivativeHolding></derivativeTable><footnotes><footnote id="F1">This grant of options was erroneously reported as being a grant to the reporting person under the Michaels Stores, Inc. Amend
ed and Restated 2001 Employee Stock Option Plan; however, this grant of options was in fact granted to the reporting person under the Michaels Stores, Inc. 1997 Stock Option Plan (currently known as the Michaels Stores, Inc. Amended and Restated 1997 Stock Option Plan).</footnote><footnote id="F2">Grant to the reporting person on May 7, 2003 of options under the Michaels Stores, Inc. 1997 Stock Option Plan to purchase 40,000 shares of Michaels Stores, Inc. common stock; 13,333 of which vest on each of May 7, 2004 and May 7, 2005, and 13,334 of which will vest on May 7, 2006. </footnote></footnotes><remarks></remarks><ownerSignature><signatureName>/s/ Elizabeth K. Giddens
Elizabeth K. Giddens, Attorney-in-Fact for Harvey S. Kanter, President of Aaron Brothers, Inc., a subsidiary of Michaels Stores, Inc.</signatureName><signatureDate>2003-12-23</signatureDate></ownerSignature></ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----