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: SCOTT L LEE JR (Director, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-03-20	Common Stock	M	92108	$47.76	Acquired	876715.99	Direct
2006-03-20	Common Stock	D	92108	$47.76	Disposed	784607.99	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-03-20	Performance Shares	$0	M	92108	Disposed	2006-03-20	Common Stock (92108)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	25526.44	Indirect
Common Stock	3148	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. The performance shares were paid out in cash through an election made by the reporting individual in a previous year.