Walmart Inc. — Director's Dealing 2003

Dec 31, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: WAL MART STORES INC (WMT)
CIK: 0000104169
Period of Report: 2003-12-25

Reporting Person: DUKE MICHAEL T (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-12-25	Common Stock	G	54.00	—	Disposed	0.00	Direct
2003-12-29	Common Stock	J	24.00	—	Acquired	117534.00	Direct
2003-12-29	Common Stock	J	36.00	—	Acquired	860.00	Indirect

Footnotes

F1: Shares acquired thru Employee Stock Option Plan (exempt under Rule 16b-3(c). This infor reported is based on Plan statement dat
ed as of June 30, 2003.

F2: Filer is a participant of the Profit Sharing Plan. Due to stock price during FY03, and changes in the percentage of Plan assets, total shares credited may have decreased. The information reported is based on a Plan statement dated Jan 31 2003.