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: SCHOEWE THOMAS M (Exec VP and CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-03-20	Common Stock	M	16428	$47.76	Acquired	222602	Direct
2006-03-20	Common Stock	F	239	$47.76	Disposed	222363	Direct
2006-03-20	Common Stock	D	8095	$47.76	Disposed	214268	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-03-20	Performance Shares	$0	M	16428	Disposed	2006-03-20	Common Stock (16428)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	287.07	Indirect

Footnotes

F1: 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. One half of the performance shares were deferred into a cash account and the remaining shares were deferred pursuant to an election by the reporting individual in a previous year.

F2: These shares were withheld to pay taxes on the delivery of the performance shares.