Walmart Inc. — Director's Dealing 2004

Jan 14, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: WAL MART STORES INC (WMT)
CIK: 0000104169
Period of Report: 2004-01-12

Reporting Person: COUGHLIN THOMAS M (Director, Vice Chairman of the Board)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-01-12	Common Stock	M	7132.00	$12.6250	Acquired	362712.00	Direct
2004-01-12	Common Stock	F	1838.00	$52.5100	Disposed	360874.00	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-01-12	Stock Option	$12.6250	M	7132.00	Disposed	2004-01-20	Common Stock (7132.00)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	39104.00	Indirect
Common Stock	14326.00	Indirect
Common Stock	29637.00	Indirect
Common Stock	220.00	Indirect
Common Stock	85426.00	Indirect