Walmart Inc. — Director's Dealing 2004

May 8, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: WAL MART STORES INC (WMT)
CIK: 0000104169
Period of Report: 2004-05-06

Reporting Person: TURNER BRIAN KEVIN (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-05-05	Common Stock	M	500.00	$12.00	Acquired	74625.00	Direct
2004-05-05	Common Stock	F	132.00	$55.86	Disposed	74493.00	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-05-05	Stock Options	$12.000	M	500.00	Disposed	2004-05-12	Common Stock (500.00)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3276.00	Indirect

Footnotes

F1: Effective in Oct 31, 2003, the Companys ESOP and 401k plan were merged into one plan.