X0201 42003-07-3100000740670MICHAELS STORES INC MIK0001185896TUCKER JAMES F8000 BENT BRANCH DRIVEIRVINGTX750630100Executive Vice President - CIOCommon Stock2003-07-314A03826.23A19913DCommon Stock2016IBy 401(k) PlanShares purchased by the reporting person in connection with a lump-sum contribution under the Michaels Stores, Inc. Amended and Restated 1997 Employees Stock Purchase Plan (also known as the ESPP).Includes 5,913 shares acquired by the reporting person under the ESPP based on plan statements issued by the ESPP administrator as of July 23, 2003 and August 1, 2003. The reported amount is held by a stock fund under the Michaels Stores, Inc. Employees 401(k) Plan (also known as the 401(k) Plan) assumed to be fully invested in Michaels Stores, Inc. common stock, based on a plan statement issued by the 401(k) Plan administrator as of July 23, 2003 as an estimate of the total number of shares that would be available to the reporting person if such holdings under the 401(k) Plan were liquidated on that date.Elizabeth K. Giddens, Attorney-in-Fact for James F. Tucker, Executive Vice President - Chief Information Officer2003-08-04