Walmart Inc. — Director's Dealing 2006

Mar 23, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: WAL MART STORES INC (WMT)
CIK: 0000104169
Period of Report: 2006-03-20

Reporting Person: MENZER JOHN B (Vice Chairman)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-03-20	Common Stock	M	31809	$47.76	Acquired	219671.56	Direct
2006-03-20	Common Stock	F	462	$47.76	Disposed	219209.56	Direct
2006-03-20	Common Stock	D	31347	$47.76	Disposed	187862.56	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-03-20	Performance Shares	$0	M	31809	Disposed	2006-03-20	Common Stock (31809)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	980.06	Indirect

Footnotes

F1: These shares were withheld to pay taxes on the vesting of performance based shares.

F2: On March 1, 2006 the Compensation, Nominating and Governance Committee certified the revenue growth and the return on investment performance goals for the first tranche of performance shares awarded January 3, 2005. The performance shares were deferred into a cash account through an election made by the reporting individual in a previous year.