Walmart Inc. — Director's Dealing 2004

Sep 21, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: WAL MART STORES INC (WMT)
CIK: 0000104169
Period of Report: 2004-09-17

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-09-17	Common Stock	S	7600.00	$52.74	Disposed	3443926.00	Indirect
2004-09-17	Common Stock	S	5400.00	$52.75	Disposed	3438526.00	Indirect
2004-09-17	Common Stock	S	12100.00	$52.76	Disposed	3426426.00	Indirect
2004-09-17	Common Stock	S	44100.00	$52.77	Disposed	3382326.00	Indirect
2004-09-17	Common Stock	S	454900.00	$52.78	Disposed	2927426.00	Indirect
2004-09-17	Common Stock	S	60100.00	$52.79	Disposed	2867326.00	Indirect
2004-09-17	Common Stock	S	25700.00	$52.80	Disposed	2841626.00	Indirect
2004-09-17	Common Stock	S	30100.00	$52.81	Disposed	2811526.00	Indirect
2004-09-17	Common Stock	S	50400.00	$52.82	Disposed	2761126.00	Indirect
2004-09-17	Common Stock	S	47500.00	$52.83	Disposed	2713626.00	Indirect
2004-09-17	Common Stock	S	12700.00	$52.84	Disposed	2700926.00	Indirect
2004-09-17	Common Stock	S	28400.00	$52.85	Disposed	2672526.00	Indirect
2004-09-17	Common Stock	S	22300.00	$52.86	Disposed	2650226.00	Indirect
2004-09-17	Common Stock	S	11100.00	$52.87	Disposed	2639126.00	Indirect
2004-09-17	Common Stock	S	9100.00	$52.88	Disposed	2630026.00	Indirect
2004-09-17	Common Stock	S	5500.00	$52.89	Disposed	2624526.00	Indirect
2004-09-17	Common Stock	S	37800.00	$52.90	Disposed	2586726.00	Indirect
2004-09-17	Common Stock	S	13200.00	$52.91	Disposed	2573526.00	Indirect
2004-09-17	Common Stock	S	10400.00	$52.92	Disposed	2563126.00	Indirect
2004-09-17	Common Stock	S	16600.00	$52.93	Disposed	2546526.00	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.