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	3200.00	$52.21	Disposed	1898626.00	Indirect
2004-09-21	Common Stock	S	5100.00	$52.22	Disposed	1893526.00	Indirect
2004-09-21	Common Stock	S	8300.00	$52.23	Disposed	1885226.00	Indirect
2004-09-21	Common Stock	S	28900.00	$52.25	Disposed	1856326.00	Indirect
2004-09-21	Common Stock	S	45800.00	$52.26	Disposed	1810526.00	Indirect
2004-09-21	Common Stock	S	56000.00	$52.27	Disposed	1754526.00	Indirect
2004-09-21	Common Stock	S	37800.00	$52.28	Disposed	1716726.00	Indirect
2004-09-21	Common Stock	S	20000.00	$52.29	Disposed	1696726.00	Indirect
2004-09-21	Common Stock	S	16600.00	$52.30	Disposed	1680126.00	Indirect
2004-09-21	Common Stock	S	40400.00	$52.31	Disposed	1639726.00	Indirect
2004-09-21	Common Stock	S	9600.00	$52.32	Disposed	1630126.00	Indirect
2004-09-21	Common Stock	S	2000.00	$52.33	Disposed	1628126.00	Indirect
2004-09-21	Common Stock	S	2000.00	$52.34	Disposed	1626126.00	Indirect
2004-09-21	Common Stock	S	1600.00	$52.35	Disposed	1624526.00	Indirect
2004-09-21	Common Stock	S	400.00	$52.36	Disposed	1624126.00	Indirect
2004-09-21	Common Stock	S	400.00	$52.37	Disposed	1623726.00	Indirect
2004-09-21	Common Stock	S	5000.00	$52.38	Disposed	1618726.00	Indirect
2004-09-21	Common Stock	S	8200.00	$52.39	Disposed	1610526.00	Indirect
2004-09-21	Common Stock	S	17800.00	$52.40	Disposed	1592726.00	Indirect
2004-09-21	Common Stock	S	10000.00	$52.41	Disposed	1582726.00	Indirect
2004-09-21	Common Stock	S	3600.00	$52.42	Disposed	1579126.00	Indirect
2004-09-21	Common Stock	S	1800.00	$52.43	Disposed	1577326.00	Indirect
2004-09-21	Common Stock	S	2200.00	$52.44	Disposed	1575126.00	Indirect
2004-09-21	Common Stock	S	17600.00	$52.45	Disposed	1557526.00	Indirect
2004-09-21	Common Stock	S	35900.00	$52.46	Disposed	1521626.00	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.