Footnotes

1. The reporting person is a member of a Section 13(g) group that owns more
than 10% of the issuer's outstanding common stock.

2. The reporting person has no direct pecuniary interest in this charitable
trust. The reporting person disclaims beneficial ownership of the reported
securities except to the extent of his indirect pecuniary interest.

3. The reporting person is a participant in Wal-Mart's (the "Company") Profit
Sharing Plan (the "Plan"), an employee stock ownership plan, which invests
Plan assets primarily in the stock of the Company. Each participant's account
is valued quarterly based on the price of the Company stock at the end of
the quarter. Due to changes in the Company's stock price, as well as changes
in the percentage of Plan assets invested in Company stock, total shares
credited to the reporting person's account may have decreased. The
information reported herein is based on a Plan statement dated 09/15/04.

4. The reporting person is a member of Walton Enterprises,
Limited Liability Company ("LLC"), the LLC that owns the reported
securities. The reporting person disclaims beneficial ownership of
the reported securities held by the LLC except to the extent of his
pecuniary interests therein.

5. The reporting person is a partner of the partnership that owns the reported
securities. The reporting person disclaims beneficial ownership of the
reported securities except to the extent of his pecuniary interests therein.