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: 2004-09-16

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-09-16	Common Stock	S	17300.00	$52.76	Disposed	4660926.00	Indirect
2004-09-16	Common Stock	S	16200.00	$52.77	Disposed	4644726.00	Indirect
2004-09-16	Common Stock	S	62800.00	$52.78	Disposed	4581926.00	Indirect
2004-09-16	Common Stock	S	11100.00	$52.79	Disposed	4570826.00	Indirect
2004-09-16	Common Stock	S	247600.00	$52.80	Disposed	4323226.00	Indirect
2004-09-16	Common Stock	S	84500.00	$52.81	Disposed	4238726.00	Indirect
2004-09-16	Common Stock	S	29400.00	$52.82	Disposed	4209326.00	Indirect
2004-09-16	Common Stock	S	14200.00	$52.83	Disposed	4195126.00	Indirect
2004-09-16	Common Stock	S	7200.00	$52.84	Disposed	4187926.00	Indirect
2004-09-16	Common Stock	S	4400.00	$52.85	Disposed	4183526.00	Indirect
2004-09-16	Common Stock	S	6200.00	$52.86	Disposed	4177326.00	Indirect
2004-09-16	Common Stock	S	13400.00	$52.87	Disposed	4163926.00	Indirect
2004-09-16	Common Stock	S	55700.00	$52.88	Disposed	4108226.00	Indirect
2004-09-16	Common Stock	S	19100.00	$52.89	Disposed	4089126.00	Indirect
2004-09-16	Common Stock	S	23700.00	$52.90	Disposed	4065426.00	Indirect
2004-09-16	Common Stock	S	2600.00	$52.91	Disposed	4062826.00	Indirect
2004-09-16	Common Stock	S	6900.00	$52.92	Disposed	4055926.00	Indirect
2004-09-16	Common Stock	S	800.00	$52.93	Disposed	4055126.00	Indirect
2004-09-16	Common Stock	S	2400.00	$52.94	Disposed	4052726.00	Indirect
2004-09-16	Common Stock	S	1800.00	$52.95	Disposed	4050926.00	Indirect
2004-09-16	Common Stock	S	800.00	$52.96	Disposed	4050126.00	Indirect
2004-09-16	Common Stock	S	800.00	$52.97	Disposed	4049326.00	Indirect
2004-09-16	Common Stock	S	800.00	$52.98	Disposed	4048526.00	Indirect
2004-09-16	Common Stock	S	1800.00	$53.00	Disposed	4046726.00	Indirect
2004-09-16	Common Stock	S	1800.00	$53.02	Disposed	4044926.00	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.