Form: 10-K

Annual report pursuant to Section 13 and 15(d)

April 21, 1997

Published on April 21, 1997


EXHIBIT 21
SUBSIDIARIES OF WAL-MART STORES, INC.


NAME UNDER
PERCENT OF WHICH DOING
EQUITY BUSINESS
STATE OF SECURITIES OTHER THAN
SUBSIDIARY INCORPORATION OWNED SUBSIDIARY'S


McLane Company, Inc., Texas 100% Wal-Mart
and its subsidiaries

Wal-Mart Property Company Delaware 100% NA