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 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
2004-09-16	Common Stock	S	3600.00	$52.50	Disposed	4884926.00	Indirect
2004-09-16	Common Stock	S	1800.00	$52.51	Disposed	4883126.00	Indirect
2004-09-16	Common Stock	S	1800.00	$52.52	Disposed	4881326.00	Indirect
2004-09-16	Common Stock	S	8600.00	$52.53	Disposed	4872726.00	Indirect
2004-09-16	Common Stock	S	3600.00	$52.54	Disposed	4869126.00	Indirect
2004-09-16	Common Stock	S	7200.00	$52.55	Disposed	4861926.00	Indirect
2004-09-16	Common Stock	S	1800.00	$52.56	Disposed	4860126.00	Indirect
2004-09-16	Common Stock	S	7200.00	$52.57	Disposed	4852926.00	Indirect
2004-09-16	Common Stock	S	2500.00	$52.58	Disposed	4850426.00	Indirect
2004-09-16	Common Stock	S	1800.00	$52.59	Disposed	4848626.00	Indirect
2004-09-16	Common Stock	S	4300.00	$52.60	Disposed	4844326.00	Indirect
2004-09-16	Common Stock	S	1800.00	$52.61	Disposed	4842526.00	Indirect
2004-09-16	Common Stock	S	1600.00	$52.62	Disposed	4840926.00	Indirect
2004-09-16	Common Stock	S	2300.00	$52.64	Disposed	4838626.00	Indirect
2004-09-16	Common Stock	S	5400.00	$52.65	Disposed	4833226.00	Indirect
2004-09-16	Common Stock	S	10500.00	$52.66	Disposed	4822726.00	Indirect
2004-09-16	Common Stock	S	5400.00	$52.67	Disposed	4817326.00	Indirect
2004-09-16	Common Stock	S	7400.00	$52.68	Disposed	4809926.00	Indirect
2004-09-16	Common Stock	S	13700.00	$52.69	Disposed	4796226.00	Indirect
2004-09-16	Common Stock	S	5000.00	$52.70	Disposed	4791226.00	Indirect
2004-09-16	Common Stock	S	8800.00	$52.71	Disposed	4782426.00	Indirect
2004-09-16	Common Stock	S	9100.00	$52.72	Disposed	4773326.00	Indirect
2004-09-16	Common Stock	S	12800.00	$52.73	Disposed	4760526.00	Indirect
2004-09-16	Common Stock	S	61100.00	$52.74	Disposed	4699426.00	Indirect
2004-09-16	Common Stock	S	21200.00	$52.75	Disposed	4678226.00	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.