Walmart Inc. — Director's Dealing 2005

Dec 22, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: WAL MART STORES INC (WMT)
CIK: 0000104169
Period of Report: 2005-12-21

Reporting Person: HOLLEY CHARLES M (Senior VP and Controller)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-12-21	Common Stock	M	2714.00	$11.125	Acquired	26727.21	Direct
2005-12-21	Common Stock	M	7000.00	$11.8125	Acquired	33727.21	Direct
2005-12-21	Common Stock	F	2474.00	$48.65	Disposed	31253.21	Direct
2005-12-21	Common Stock	S	1000.00	$48.654	Disposed	30253.21	Direct
2005-12-21	Common Stock	S	7000.00	$48.66	Disposed	23253.21	Direct
2005-12-21	Common Stock	S	235.00	$48.67	Disposed	23018.21	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-12-21	Stock Option	$11.1250	M	2714.00	Disposed	2006-02-22	Common Stock (2714.00)	Direct
2005-12-21	Stock Options	$11.8125	M	7000.00	Disposed	2007-01-07	Common Stock (7000.00)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1127.80	Indirect

Footnotes

F1: This reporting person's beneficial ownership has been increased by 153.964 shares since his most recent filing to reflect his par
ticipation in the Wal-Mart Stores, Inc. 2004 Associate Stock Purchase Plan.

F2: These shares were withheld to pay taxes upon the exercise of stock options.