Walmart Inc. — Director's Dealing 2006

Dec 14, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: WAL MART STORES INC (WMT)
CIK: 0000104169
Period of Report: 2006-12-12

Reporting Person: McMillon C Douglas (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-06-23	Common Stock	G	1578	—	Disposed	112540.764	Direct
2006-12-12	Common Stock	M	3592	$11.8125	Acquired	116132.764	Direct
2006-12-12	Common Stock	F	891	$45.65	Disposed	115241.764	Direct
2006-12-13	Common Stock	S	2701	$45.93	Disposed	112540.764	Direct
2006-06-23	Common Stock	G	1578	—	Acquired	1578	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-12-12	Stock Option	$11.8125	M	3592	Disposed	2007-01-07	Common Stock (3592)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1311.2257	Indirect

Footnotes

F1: Balance adjusted to reflect shares acquired through the Wal-Mart Stores, Inc. 2005 Profit Sharing and 401(k) Plan.

F2: Includes shares held through the Wal-Mart Stores, Inc. 2004 Associate Stock Purchase Plan. Balance adjusted to reflect shares acquired through the Wal-Mart Stores, Inc. 2004 Associate Stock Purchase Plan since the reporting person's last filing.

F3: This amount represents shares withheld to pay taxes upon the exercise of stock options.

F4: The reporting person transferred these shares as a gift to his children, who share his household.

F5: The option is exercisable in five equal annual installments beginning on January 8, 1998.