Walmart Inc. — Director's Dealing 2006

Dec 6, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: WAL MART STORES INC (WMT)
CIK: 0000104169
Period of Report: 2006-12-04

Reporting Person: HOLLEY CHARLES M (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-12-04	Common Stock	M	1166	$11.8125	Acquired	27553.939	Direct
2006-12-04	Common Stock	F	291	$46.29	Disposed	27262.939	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-12-04	Stock Options	$11.8125	M	1166	Disposed	2007-01-07	Common Stock (1166)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1193.4215	Indirect

Footnotes

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

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

F3: Balance adjusted to reflect shares acquired through the Wal-Mart Profit Sharing and 401(k) Plan.