Walmart Inc. — Director's Dealing 2004

Jan 16, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: WAL MART STORES INC (WMT)
CIK: 0000104169
Period of Report: 2004-01-07

Reporting Person: HERNANDEZ ROLAND A (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-12-31	Phantom Stock	$0	A	374.00	Acquired	1988-08-08	Common Stock (374.00)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	7951.00	Direct