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Wal-Mart Stores Inc. Pre-Recorded November 2006 Sales Conference Call - Final.

Fair Disclosure Wire

| November 30, 2006 | COPYRIGHT 2003 CQ Transcriptions. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Original Source: FD (FAIR DISCLOSURE) WIRE

OPERATOR: This call is the property of Wal-Mart stores Inc. and intended solely for the use of Wal-Mart shareholders; it should not be reproduced in any way. This release contains statements that Wal-Mart believes are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and intended to enjoy the protections of the Safe Harbor for forward-looking statements provided by that Act. These forward-looking statements can generally be identified by use of the phrases "believe", "expect", "anticipate", "intend", "plan", "foresee" or other similar words or phrases.

Similarly, descriptions of our objectives, strategies, plans, goals or targets are also forward-looking statements. These statements discuss, among other things -- expected growth; future revenue; future cash flows; future performance; and the anticipation and expectations of Wal-Mart and its management as to feature occurrences and trends. These forward-looking statements are subject to risks, uncertainties and other factors domestically and internationally including the cost of goods, competitive pressures, inflation, consumer spending patterns and debt levels, currency exchange fluctuation, trade restrictions, changes in tariffs and trade rates, interest rate fluctuations and other capital market conditions and other risks.

We discuss certain…

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