-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 UAjpWhHbSvFFxuXYB3suePzJJ6gn8VaSE/g/szk1wvBCdnBD6g2Ox0c7uJCFpFYZ
 d98ZSLcI3/Zs3//Rz/nrqA==

<SEC-DOCUMENT>0001209191-03-036472.txt : 20031223
<SEC-HEADER>0001209191-03-036472.hdr.sgml : 20031223
<ACCEPTANCE-DATETIME>20031223154307
ACCESSION NUMBER:		0001209191-03-036472
CONFORMED SUBMISSION TYPE:	3/A
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20020211
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:			WELLEN JEFFREY L
		CENTRAL INDEX KEY:			0001187638

	FILING VALUES:
		FORM TYPE:		3/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-09338
		FILM NUMBER:		031070991

	BUSINESS ADDRESS:	
		STREET 1:		8000 BENT BRANCH DRIVE
		CITY:			IRVING
		STATE:			TX
		ZIP:			75201
		BUSINESS PHONE:		9724091300

	MAIL ADDRESS:	
		STREET 1:		8000 BENT BRANCH DRIVE
		CITY:			IRVING
		STATE:			TX
		ZIP:			75201
</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>2002-02-11</periodOfReport><dateOfOriginalSubmission>2002-02-19</dateOfOriginalSubmission>
    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0000740670</issuerCik>
        <issuerName>MICHAELS STORES INC</issuerName>
        <issuerTradingSymbol>MIK</issuerTradingSymbol></issuer><reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001187638</rptOwnerCik>
            <rptOwnerName>WELLEN JEFFREY L</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>Head of Strategic P&amp;I</officerTitle></reportingOwnerRelationship></reportingOwner><derivativeTable><derivativeHolding><securityTitle><value>Stock Option (Right to Buy)</value><footnoteId id="F1" /></securityTitle><conversionOrExercisePrice><value>20.9850</value></conversionOrExercisePrice><exerciseDate><footnoteId id="F2" /></exerciseDate><expirationDate><value>2006-07-30</value></expirationDate><underlyingSecurity><underlyingSecurityTitle><value>Common Stock</value></underlyingSecurityTitle><underlyingSecurityShares><value>20000.0000</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. 2001 G
eneral Stock Option Plan; however, this grant of options was granted to the reporting person under the Michaels Stores, Inc. 2001 Employee Stock Option Plan (currently known as the Michaels Stores, Inc. Second Amended and Restated 2001 Employee Stock Option Plan).</footnote><footnote id="F2">Grant to the reporting person on July 31, 2001 of options under the Michaels Stores, Inc. 2001 Employee Stock Option Plan to purchase 20,000 shares of Michaels Stores, Inc. common stock; 6,666 of which will vest on July 31, 2002, and 6,667 of which will vest on each of July 31, 2003 and July 31, 2004.  </footnote></footnotes><remarks></remarks><ownerSignature><signatureName>/s/ Elizabeth K. Giddens
Elizabeth K. Giddens, Attorney-in-Fact for Jeffrey L. Wellen, Head of Strategic Planning and Initiatives, Office of the CEO</signatureName><signatureDate>2003-12-23</signatureDate></ownerSignature></ownershipDocument>

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