Walmart Inc. — Director's Dealing 2004

Jan 8, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: WAL MART STORES INC (WMT)
CIK: 0000104169
Period of Report: 2004-01-06

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-01-05	Common Stock	A	38373.00	—	Acquired	355580.00	Direct
2004-01-06	Common Stock	J	1819.00	—	Acquired	39104.00	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-01-05	Stock Option	$52.1200	A	279355.00	Acquired	2014-01-04	Common Stock (279355.00)	Direct

Holdings (Non-Derivative)

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

Footnotes

F1: Due to stock price fluctations, and changes in the percentage of Plan assets, total shares credited may have decreased. The info
rmation reported is based on a Plan statement dated Oct 31, 2003.