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: 2004-09-20

Reporting Person: WALTON JOHN T (Director, Director (1))

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-09-20	Common Stock	S	100.00	$52.01	Disposed	2546426.00	Indirect
2004-09-20	Common Stock	S	9500.00	$52.02	Disposed	2536926.00	Indirect
2004-09-20	Common Stock	S	24400.00	$52.03	Disposed	2512526.00	Indirect
2004-09-20	Common Stock	S	11400.00	$52.04	Disposed	2501126.00	Indirect
2004-09-20	Common Stock	S	7600.00	$52.05	Disposed	2493526.00	Indirect
2004-09-20	Common Stock	S	16600.00	$52.06	Disposed	2476926.00	Indirect
2004-09-20	Common Stock	S	31700.00	$52.07	Disposed	2445226.00	Indirect
2004-09-20	Common Stock	S	15900.00	$52.08	Disposed	2429326.00	Indirect
2004-09-20	Common Stock	S	29500.00	$52.09	Disposed	2399826.00	Indirect
2004-09-20	Common Stock	S	13800.00	$52.10	Disposed	2386026.00	Indirect
2004-09-20	Common Stock	S	13600.00	$52.11	Disposed	2372426.00	Indirect
2004-09-20	Common Stock	S	12600.00	$52.12	Disposed	2359826.00	Indirect
2004-09-20	Common Stock	S	42900.00	$52.13	Disposed	2316926.00	Indirect
2004-09-20	Common Stock	S	17900.00	$52.14	Disposed	2299026.00	Indirect
2004-09-20	Common Stock	S	47600.00	$52.15	Disposed	2251426.00	Indirect
2004-09-20	Common Stock	S	68400.00	$52.16	Disposed	2183026.00	Indirect
2004-09-20	Common Stock	S	9000.00	$52.17	Disposed	2174026.00	Indirect
2004-09-20	Common Stock	S	41000.00	$52.18	Disposed	2133026.00	Indirect
2004-09-20	Common Stock	S	24300.00	$52.19	Disposed	2108726.00	Indirect
2004-09-20	Common Stock	S	67900.00	$52.20	Disposed	2040826.00	Indirect
2004-09-20	Common Stock	S	44200.00	$52.21	Disposed	1996626.00	Indirect
2004-09-20	Common Stock	S	24800.00	$52.22	Disposed	1971826.00	Indirect
2004-09-20	Common Stock	S	31700.00	$52.23	Disposed	1940126.00	Indirect
2004-09-20	Common Stock	S	10600.00	$52.24	Disposed	1929526.00	Indirect
2004-09-20	Common Stock	S	6000.00	$52.25	Disposed	1923526.00	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	11943311.00	Direct
Common Stock	1680506739.00	Indirect
Common Stock	224800.00	Indirect

Footnotes

F1: See attached Footnote 1.

F2: See attached Footnote 2.

F3: See attached Footnote 3.