Walmart Inc. — Director's Dealing 2005

Jan 5, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: WAL MART STORES INC (WMT)
CIK: 0000104169
Period of Report: 2005-01-03

Reporting Person: SCOTT L LEE JR (Director, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-01-03	Common Stock	A	118557.00	$53.35	Acquired	876157.00	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-01-03	Stock Option	$53.35	A	339001.00	Acquired	2015-01-02	Common Stock (339001.00)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	25450.17	Indirect
Common Stock	3148.00	Indirect

Footnotes

F1: This option to purchase shares of Wal-Mart common stock was granted under the Wal-Mart Stock Incentive Plan of 1998 in a transaction exempt under Rule 16b-3. This option becomes exercisable in 1/5 increments each year after the grant date and includes a tandem tax withholding right.