WAL-MART STORES, INC., TO RECEIVE CORPORATE PATRIOTISM AWARD AT THE 9TH ANNUAL AMERICAN VETERAN AWARDS: A TRIBUTE TO FREEDOM

Hundreds of reservists and members of the National Guard employed by Wal-Mart have been called to active duty this year and the company continues their benefits, provides assistance to their families and makes up the difference between their military pay and Wal-Mart wages

Beverly Hills, Calif., November 20, 2003 - American Veteran Awards (AVA), announced today that Wal-Mart Stores, Inc., will receive the prestigious "Corporate Patriotism Award" sponsored by the Employer Support for Guard & Reserve (ESGR) at the 9th annual American Veteran Awards: A Tribute to Freedom on November 21, 2003. AVA is America's preeminent tribute uniting arts and entertainment with the patriotic fabric of our nation - our past, present and future military and their families. The show will air on The History Channel in February 2004.

The Corporate Patriotism Award will be presented by Jeffrey Katzenberg, co-principal of DreamWorks SKG, to Tom Coughlin, vice chairman of Wal-Mart. This award is presented each year to a company that exhibits exceptional support and dedication to the ideals of AVA in raising awareness and support of U.S. service members and their families. The award is open to any American corporation who donates substantial resources, without corporate financial gain, in assisting veterans, active duty military and reservists.

"Wal-Mart and SAM'S CLUB associates are proud to support our country and serve our communities," said Tom Coughlin, vice chairman of Wal-Mart. "Veterans are an important part of our community, representing the values that make our country great. We're honored to receive this award and our associates will continue to honor members of the military and their families."

"We are proud to have Wal-Mart as this year's Corporate Patriotism Award recipient. We are also thrilled to have ESGR as the sponsor of this award. American corporations remain an essential part of national defense in that they support and protect the sanctity of employment, making organizations like Wal-Mart and ESGR a vital force in all of our lives," said Harry Shaw, CEO of American Veteran Awards.

During World War II, Wal-Mart founder, Sam Walton and his brother Bud joined thousands of other hometown heroes to protect our freedom, understanding that ideals require action and sacrifice. In 1962, Sam founded Wal-Mart based on the same values he helped defend during war times; respect, quality of life, opportunity and freedom.

Today, Wal-Mart's associates continue to serve their country and their communities. From the local to the national level in good times and bad, they are encouraged to take the initiative when they see a need. Hundreds of reservists and members of the National Guard employed by Wal-Mart have been called to active duty this year. Wal-Mart continues their benefits, provides assistance to their families and makes up the difference between military pay and regular Wal-Mart wages.

For the last two years, Wal-Mart has sponsored National Guard units to come home from training for the holidays before they deploy overseas. To help service men and woman stay in touch with their loved ones, Wal-Mart supports the Veteran of Foreign Wars' (VFW) Operation Uplink by providing free phone cards so they can call home from anywhere in the world. They also set up a kiosk at Wal-Mart where families can send free messages to their beloved soldiers.

With the help of the VFW, Wal-Mart associates and customers also send message books to troops expressing their encouragement and support. Wal-Mart also provided millions of dollars in financial aid to military family support organizations and works with suppliers to send clothing for the wounded and special need items to the troops.

Demonstrating exceptional support and dedication in the past, during the Gulf War, Wal-Mart sent needed merchandise to U.S. troops and offered comfort to the families left behind. The company also donated $6 million to help build the World War II memorial in Washington D.C. The company's associates and customers raised an additional $8.5 million. In times of crisis at home, Wal-Mart rises to the challenge quickly and without question.

About Wal-Mart Stores, Inc.
Wal-Mart Stores, Inc. operates Wal-Mart Stores, Supercenters, Neighborhood Markets and SAM'S CLUBS in all fifty states. Internationally, the company operates in Puerto Rico, Canada, China, Mexico, Brazil, Germany, United Kingdom, Argentina and South Korea. The company's securities are listed on the New York and Pacific stock exchanges under the symbol WMT. Last year, Wal-Mart Stores, Inc., contributed more than $140 million to support communities and local non-profit organizations. Customers and associates raised an additional $70 million at stores and clubs.

About the American Veteran Awards (AVA)
The American Veteran Awards (AVA) is America's preeminent tribute uniting arts and entertainment with the patriotic fabric of our nation - our past, present and future military and their families. AVA is an annual project of Veterans Foundation Incorporated, a 23-year old nationally recognized non-profit, non-political, non-membership 501(c)(3) organization. For more information, visit: www.avashow.com.