Walmart Inc. — Director's Dealing 2004

Sep 22, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: WAL MART STORES INC (WMT)
CIK: 0000104169
Period of Report: 2004-09-21

Reporting Person: WALTON S ROBSON (Director, Chairman of the Board (1), Chairman of the Board (1))

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-09-21	Common Stock	S	39600.00	$52.47	Disposed	1482026.00	Indirect
2004-09-21	Common Stock	S	25200.00	$52.48	Disposed	1456826.00	Indirect
2004-09-21	Common Stock	S	13000.00	$52.49	Disposed	1443826.00	Indirect
2004-09-21	Common Stock	S	32500.00	$52.50	Disposed	1411326.00	Indirect
2004-09-21	Common Stock	S	6100.00	$52.51	Disposed	1405226.00	Indirect
2004-09-21	Common Stock	S	1700.00	$52.52	Disposed	1403526.00	Indirect
2004-09-21	Common Stock	S	7100.00	$52.53	Disposed	1396426.00	Indirect
2004-09-21	Common Stock	S	11200.00	$52.54	Disposed	1385226.00	Indirect
2004-09-21	Common Stock	S	11300.00	$52.55	Disposed	1373926.00	Indirect
2004-09-21	Common Stock	S	13600.00	$52.56	Disposed	1360326.00	Indirect
2004-09-21	Common Stock	S	9400.00	$52.57	Disposed	1350926.00	Indirect
2004-09-21	Common Stock	S	31700.00	$52.58	Disposed	1319226.00	Indirect
2004-09-21	Common Stock	S	10400.00	$52.59	Disposed	1308826.00	Indirect
2004-09-21	Common Stock	S	87900.00	$52.60	Disposed	1220926.00	Indirect
2004-09-21	Common Stock	S	25600.00	$52.61	Disposed	1195326.00	Indirect
2004-09-21	Common Stock	S	41100.00	$52.62	Disposed	1154226.00	Indirect
2004-09-21	Common Stock	S	20400.00	$52.63	Disposed	1133826.00	Indirect
2004-09-21	Common Stock	S	7200.00	$52.64	Disposed	1126626.00	Indirect
2004-09-21	Common Stock	S	76700.00	$52.65	Disposed	1049926.00	Indirect
2004-09-21	Common Stock	S	35600.00	$52.66	Disposed	1014326.00	Indirect
2004-09-21	Common Stock	S	45200.00	$52.67	Disposed	969126.00	Indirect
2004-09-21	Common Stock	S	44200.00	$52.68	Disposed	924926.00	Indirect
2004-09-21	Common Stock	S	7000.00	$52.69	Disposed	917926.00	Indirect
2004-09-21	Common Stock	S	57800.00	$52.70	Disposed	860126.00	Indirect
2004-09-21	Common Stock	S	2200.00	$52.71	Disposed	857926.00	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2805179.00	Direct
Common Stock	57387.00	Indirect
Common Stock	1680506739.00	Indirect
Common Stock	1810632.00	Indirect

Footnotes

F1: See attached Footnote 1.

F2: See attached Footnote 2.

F3: See attached Footnote 3.

F4: See attached Footnote 4.

F5: See attached Footnote 5.