Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
COUGHLIN THOMAS M
  2. Issuer Name and Ticker or Trading Symbol
WAL MART STORES INC [WMT]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Vice Chairman of the Board
(Last)
(First)
(Middle)
702 SOUTHWEST 8TH STREET
3. Date of Earliest Transaction (Month/Day/Year)
12/30/2004
(Street)

BENTONVILLE, AR 72716
4. If Amendment, Date Original Filed(Month/Day/Year)
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 12/29/2004 12/29/2004 M   17,150 A $ 11.75 363,898 D  
Common Stock 12/29/2004 12/29/2004 M   37,500 A $ 12 401,398 D  
Common Stock 12/29/2004 12/29/2004 M   49,180 A $ 19.9688 450,578 D  
Common Stock 12/29/2004 12/29/2004 M   23,604 A $ 19.9688 474,182 D  
Common Stock 12/29/2004 12/29/2004 M   41,910 A $ 39.875 516,092 D  
Common Stock 12/29/2004 12/29/2004 M   24,655 A $ 50.7 540,747 D  
Common Stock 12/29/2004 12/29/2004 M   140,490 A $ 50.7 681,237 D  
Common Stock 12/29/2004 12/29/2004 M   52,366 A $ 51.92 733,603 D  
Common Stock 12/30/2004 12/30/2004 F(1)   9,728 D $ 12 723,875 D  
Common Stock 12/30/2004 12/30/2004 F(1)   4,476 D $ 11.75 719,399 D  
Common Stock 12/30/2004 12/30/2004 F(1)   3,559 D $ 39.875 715,840 D  
Common Stock 12/30/2004 12/30/2004 F(1)   423 D $ 50.7 715,417 D  
Common Stock 12/30/2004 12/30/2004 F(1)   4,946 D $ 19.968 710,471 D  
Common Stock 12/30/2004 12/30/2004 F(1)   2,410 D $ 50.7 708,061 D  
Common Stock 12/30/2004 12/30/2004 F(1)   10,304 D $ 19.968 697,757 D  
Common Stock 12/30/2004 12/30/2004 F(1)   499 D $ 51.92 697,258 D  
Common Stock 12/30/2004 12/30/2004 G V 350,510 D $ 53.35 346,748 D  
Common Stock               39,171 I By ESOP
Common Stock               14,326 I By Family LLC
Common Stock               29,637 I By Gift Trust
Common Stock               220 I By Irrevocable Trust
Common Stock               141,136 I By Trust

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option $ 11.75 12/29/2004 12/29/2004 M     17,150 11/17/1996 11/16/2005 Common Stock 17,150 $ 11.75 0 D  
Stock Option $ 19.9687 12/29/2004 12/29/2004 M     49,180 01/15/1999 01/14/2008 Common Stock 49,180 $ 19.9688 9,842 D  
Stock Option $ 39.875 12/29/2004 12/29/2004 M     41,910 01/14/2000 01/13/2009 Common Stock 41,910 $ 39.875 16,774 D  
Stock Option $ 51.92 12/29/2004 12/29/2004 M     52,366 01/09/2004 01/08/2013 Common Stock 52,366 $ 51.92 209,466 D  
Stock Options $ 12 12/29/2004 12/29/2004 M     37,500 01/10/1998 01/09/2007 Common Stock 37,500 $ 12 0 D  
Stock Options $ 50.7 12/29/2004 12/29/2004 M     140,490 03/08/2002 03/08/2011 Common Stock 140,490 $ 50.7 142,971 D  
Stock Options $ 50.7 12/29/2004 12/29/2004 M     24,655 03/08/2002 03/08/2011 Common Stock 24,655 $ 50.7 118,316 D  
Stock Options $ 19.9687 12/29/2004 12/29/2004 M     23,604 07/31/1999 07/31/2008 Common Stock 23,604 $ 19.9688 3,940 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
COUGHLIN THOMAS M
702 SOUTHWEST 8TH STREET
BENTONVILLE, AR 72716
  X     Vice Chairman of the Board  

Signatures

 /s/ Samuel A. Guess, By Power of Attorney   12/30/2004
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) These shares were withheld to pay taxes upon the exercise of stock options.

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