Walmart Inc. — Director's Dealing 2004

Dec 31, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: WAL MART STORES INC (WMT)
CIK: 0000104169
Period of Report: 2004-12-30

Reporting Person: COUGHLIN THOMAS M (Director, Vice Chairman of the Board)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-12-29	Common Stock	M	17150.00	$11.75	Acquired	363898.00	Direct
2004-12-29	Common Stock	M	37500.00	$12.00	Acquired	401398.00	Direct
2004-12-29	Common Stock	M	49180.00	$19.9688	Acquired	450578.00	Direct
2004-12-29	Common Stock	M	23604.00	$19.9688	Acquired	474182.00	Direct
2004-12-29	Common Stock	M	41910.00	$39.875	Acquired	516092.00	Direct
2004-12-29	Common Stock	M	24655.00	$50.70	Acquired	540747.00	Direct
2004-12-29	Common Stock	M	140490.00	$50.70	Acquired	681237.00	Direct
2004-12-29	Common Stock	M	52366.00	$51.92	Acquired	733603.00	Direct
2004-12-30	Common Stock	F	9728.00	$12.00	Disposed	723875.00	Direct
2004-12-30	Common Stock	F	4476.00	$11.75	Disposed	719399.00	Direct
2004-12-30	Common Stock	F	3559.00	$39.875	Disposed	715840.00	Direct
2004-12-30	Common Stock	F	423.00	$50.70	Disposed	715417.00	Direct
2004-12-30	Common Stock	F	4946.00	$19.968	Disposed	710471.00	Direct
2004-12-30	Common Stock	F	2410.00	$50.70	Disposed	708061.00	Direct
2004-12-30	Common Stock	F	10304.00	$19.968	Disposed	697757.00	Direct
2004-12-30	Common Stock	F	499.00	$51.92	Disposed	697258.00	Direct
2004-12-30	Common Stock	G	350510.00	$53.35	Disposed	346748.00	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-12-29	Stock Option	$11.7500	M	17150.00	Disposed	2005-11-16	Common Stock (17150.00)	Direct
2004-12-29	Stock Option	$19.9687	M	49180.00	Disposed	2008-01-14	Common Stock (49180.00)	Direct
2004-12-29	Stock Option	$39.8750	M	41910.00	Disposed	2009-01-13	Common Stock (41910.00)	Direct
2004-12-29	Stock Option	$51.9200	M	52366.00	Disposed	2013-01-08	Common Stock (52366.00)	Direct
2004-12-29	Stock Options	$12.0000	M	37500.00	Disposed	2007-01-09	Common Stock (37500.00)	Direct
2004-12-29	Stock Options	$50.70	M	140490.00	Disposed	2011-03-08	Common Stock (140490.00)	Direct
2004-12-29	Stock Options	$50.70	M	24655.00	Disposed	2011-03-08	Common Stock (24655.00)	Direct
2004-12-29	Stock Options	$19.9687	M	23604.00	Disposed	2008-07-31	Common Stock (23604.00)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	39171.00	Indirect
Common Stock	14326.00	Indirect
Common Stock	29637.00	Indirect
Common Stock	220.00	Indirect
Common Stock	141136.00	Indirect

Footnotes

F1: These shares were withheld to pay taxes upon the exercise of stock options.