Walmart Inc. — Director's Dealing 2006

Dec 8, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: WAL MART STORES INC (WMT)
CIK: 0000104169
Period of Report: 2006-12-06

Reporting Person: DUKE MICHAEL T (Vice Chairman)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-12-06	Common Stock	M	38708	$11.8125	Acquired	257486.685	Direct
2006-12-06	Common Stock	F	19099	$46.54	Disposed	238387.685	Direct
2006-12-08	Common Stock	G	770	—	Disposed	237617.685	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-12-06	Stock Options	$11.8125	M	38708	Disposed	2007-01-07	Common Stock (38708)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1115.23	Indirect

Footnotes

F1: Balance adjusted to reflect shares acquired through the Wal-Mart Stores, Inc. 2004 Associate Stock Purchase Plan.

F2: This amount represents shares withheld to pay taxes and shares transferred to pay the option cost upon the exercise of stock options.