Supplemental Executive Retirement Plan – Walmart

WAL-MART STORES, INC.

SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN

(January 1, 2009)

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TABLE OF CONTENTS

				PAGE
ARTICLE I – GENERAL					1
1.1		Purpose			1
1.2		Effective Date			1
1.3		Nature of Plan			1
ARTICLE II – DEFINITIONS					1
2.1		Definitions			1
ARTICLE III – PARTICIPATION					3
3.1		Eligibility			3
3.2		Participation			4
ARTICLE IV – PLAN ACCOUNTS AND CREDITS					4
4.1		Nature of Plan Accounts			4
4.2		Contribution and Forfeiture Credits			4
4.3		Income or Loss Adjustment on Plan Accounts			5
ARTICLE V – PAYMENT OF PLAN BENEFITS					5
5.1		Benefits in the Event of Retirement, Disability or Death			5
5.2		Benefits Due to Separation from Service			6
5.3		Beneficiary Designations			6
5.4		In-Service Withdrawals			7
ARTICLE VI – GROSS MISCONDUCT : REDUCTION IN PLAN BENEFITS					7
6.1		Impact of Gross Misconduct			7
ARTICLE VII – ADMINISTRATION					7
7.1		Administration			7
7.2		Allocation and Delegation of Duties			8
ARTICLE VIII – CLAIMS AND APPEAL PROCEDURES					8
8.1		General			8
8.2		Appeals Procedure			9
ARTICLE IX – MISCELLANEOUS PROVISIONS					10
9.1		Amendment, Suspension or Termination of Plan			10
9.2		Non-Alienability			10
9.3		No Employment Rights			10
9.4		Withholding and Employment Taxes			10
9.5		Income and Excise Taxes			11
9.6		Successors and Assigns			11
9.7		Governing Law			11

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WAL-MART STORES, INC.

SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN

ARTICLE I

GENERAL

1.1

Purpose.

The purpose of this Supplemental Executive Retirement Plan is to supplement
the Wal-Mart Profit Sharing and 401(k) Plan and the Wal-Mart Puerto Rico Profit
Sharing and 401(k) Plan. This Plan shall be interpreted and applied at all times
in accordance with Code Section 409A, and guidance issued thereunder.

1.2	Effective Date.

This Plan was initially effective January 31, 1990. The Plan has been amended
from time to time, most recently effective January 1, 2008. The Plan is hereby
further amended and restated as of January 1, 2009.

1.3	Nature of Plan.

The Plan is intended to be (and shall be administered as) an unfunded
employee pension plan benefiting a select group of management or highly
compensated employees under the provisions of ERISA. The Plan shall be
“unfunded” for tax purposes and for purposes of Title I of ERISA. Any and all
payments under the Plan shall be made solely from the general assets of
Wal-Mart. A Participant153s interests under the Plan do not represent or create a
claim against specific assets of Wal-Mart or any Affiliated Company. Nothing
herein shall be deemed to create a trust of any kind or create any fiduciary
relationship between the Committee, Wal-Mart or any Affiliated Company and a
Participant, a Participant153s Beneficiary or any other person. To the extent any
person acquires a right to receive payments from Wal-Mart under this Plan, such
right is no greater than the right of any other unsecured general creditor of
Wal-Mart.

ARTICLE II

DEFINITIONS

2.1	Definitions.

Except as otherwise expressly provided below, capitalized terms used in the
Plan shall have the same meanings as set forth for such terms in the Profit
Sharing and 401(k) Plan, and such Profit Sharing and 401(k) Plan definitions and
operative terms are incorporated herein by reference. Should there be any
conflict between the meanings of terms used in the Plan and the meaning of terms
used in the Profit Sharing and 401(k) Plan, the meaning as set forth in the Plan
shall prevail.

(a)

Account means the bookkeeping account established by the Committee to reflect a Participant153s contribution and forfeiture credits pursuant to Section 4.2, if any, and credited earnings thereon in accordance with Section 4.3.

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(b)

Beneficiary means a person to whom all or a portion of a deceased Participant153s Account is payable, as determined in Section 5.3.

(c)

Code means the Internal Revenue Code of 1986, as amended.

(d)

Committee means the Compensation, Nominating and Governance Committee of the Board of Directors of Wal-Mart, or any successor committee of the Board of Directors granted responsibility and authority for recommending associate compensation.

(e)

Disability means, as determined by the Committee, the Participant is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period of not less than twelve (12) months.

(f)

Employer means Wal-Mart and all persons with whom Wal-Mart would be considered a single employer under Code Sections 414(b) and 414(c), except that in applying Code Sections 1563(a)(1), (2) and (3) for purposes of determining a controlled group of corporations under Code Section 414(b), the language “at least 50 percent” shall be used instead of “at least 80 percent” in each place it appears in Code Sections 1563(a)(1), (2) and (3), and in applying Treas. Regs. Sec. 1.414(c)-2 for purposes of determining a controlled group of trades or businesses under Code Section 414(c), the language “at least 50 percent” shall be used instead of “at least 80 percent” in each place it appears in Treas. Regs. Sec. 1.414(c)-2.

(g)

ERISA means the Employee Retirement Income Security Act of 1974, as amended from time to time.

(h)

A Participant is deemed to have engaged in Gross Misconduct if the Committee determines that the Participant has engaged in conduct detrimental to the best interests of Wal-Mart or any Employer. Examples of conduct detrimental to the best interests of Wal-Mart or any Employer include, without limitation, disclosure of confidential information in violation of Wal-Mart153s Statement of Ethics, theft, the commission of a felony or a crime involving moral turpitude, gross misconduct or similar serious offenses.

(i)

Normal Retirement Age shall mean age 65.

(j)

Participant means any eligible individual who becomes a participant of the Plan in accordance with Section 3.2. An individual remains a Participant until the Participant153s Account has been fully distributed.

(k)

Pay Date means the last day of the calendar month in which falls the date that is six (6) months after a Participant153s Separation from Service.

(l)

Plan means the Wal-Mart Stores, Inc. Supplemental Executive Retirement Plan, as herein set forth, and as may be amended from time to time.

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(m)

PR Code means the Internal Revenue Code of Puerto Rico, as amended from time to time.

(n)

Profit Sharing and 401(k) Plan means, collectively, the Wal-Mart Profit Sharing and 401(k) Plan and the Wal-Mart Puerto Rico Profit Sharing and 401(k) Plan.

(o)

Retirement means Separation from Service after the Participant attains Normal Retirement Age.

(p)

Separation from Service means the Participant has a termination of employment with the Employer. Whether a termination of employment has occurred shall be determined based on whether the facts and circumstances indicate the Participant and Employer reasonably anticipate that no further services will be performed by the Participant for the Employer; provided, however, that a Participant shall be deemed to have a termination of employment if the level of services he or she would perform for the Employer after a certain date permanently decreases to no more than twenty percent (20%) of the average level of bona fide services performed for the Employer (whether as an employee or independent contractor) over the immediately preceding 36-month period (or the full period of services to the Employer if the Participant has been providing services to the Employer for less than 36 months). For this purpose, a Participant is not treated as having a Separation from Service while he or she is on a military leave, sick leave, or other bona fide leave of absence, if the period of such leave does not exceed six months, or if longer, so long as the Participant has a right to reemployment with the Employer under an applicable statute or by contract.

(q)

Valuation Date means the last day of each Plan Year quarter and, solely for purposes of valuing a Participant153s Account under Article V, the date of the Participant153s Separation from Service. Valuation Date shall also include such other dates as the Committee may designate from time to time.

(r)

Vested Percentage means the percentage determined as of the Participant153s Separation from Service in accordance with the schedule then effective under the Wal-Mart Profit Sharing and 401(k) Plan or the Wal-Mart Puerto Rico Profit Sharing and 401(k) Plan, as applicable, and based on the Participant153s Years of Service with the Employer (as defined herein) as of such date. For this purpose, a Participant153s Vested Percentage shall be 100% as of his or her Normal Retirement Age, Disability or death while employed by Wal-Mart or an Employer.

(s)

Wal-Mart means Wal-Mart Stores, Inc.

ARTICLE III

PARTICIPATION

3.1	Eligibility.

The following individuals shall be eligible to participate in the Plan:

(a)

Profit Sharing and 401(k) Plan participants whose allocation of employer contributions (including qualified nonelective employer contributions under the Profit Sharing and 401(k) Plan) and/or forfeitures to their Profit Sharing and 401(k) Plan accounts have been limited due to the application of Code Section 415 and/or Code Section 401(a)(17), or any like provision of the PR Code; and/or

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(b)

Profit Sharing and 401(k) Plan participants who have elected to defer salary and/or bonuses under the Wal-Mart Stores, Inc. Officer Deferred Compensation Plan (and expressly excluding Profit Sharing and 401(k) Plan participants who have been credited with incentive payments under the Wal-Mart Stores, Inc. Officer Deferred Compensation Plan, but who have not made a voluntary election to defer salary or bonuses under such Plan).

Notwithstanding the above, Participants shall not include Profit Sharing and
401(k) Plan participants who are primarily compensated on a commission basis.

3.2	Participation.

An eligible individual under Section 3.1 shall become a Plan Participant on
the later of:

(a)

January 31, 1990; or

(b)

January 31 of the Plan Year in which the individual satisfies the requirements of Section 3.1.

Once amounts are credited to a Participant153s Account under Section 4.2, such
individual shall remain a Participant until his or her Account is distributed in
full in accordance with Article V; provided, however, in order for the
Participant153s Account to be credited with employer contributions credits and/or
forfeitures for a Plan Year, the Participant must satisfy the requirements of
Section 4.2 for such Plan Year.

ARTICLE IV

PLAN ACCOUNTS AND CREDITS

4.1	Nature of Plan Accounts.

A Participant153s Account shall be used solely as a measuring device to
determine the amount (if any) to be paid to a Participant. No amounts shall
actually be set aside with respect to any Account. All amounts at any time
attributable to an Account shall be, and remain, the sole property of Wal-Mart.
A Participant153s rights hereunder are limited to the right to receive Plan
benefits as provided herein. An Account represents an unsecured promise by
Wal-Mart to pay the benefits provided by the Plan.

4.2	Contribution and Forfeiture Credits.

As of the last day of each Plan Year, Wal-Mart shall credit to each
Participant153s Account the sum of the following amounts:

(a)

the amount of employer contributions and forfeitures which would have been (but were not) allocated to such Participant153s Profit Sharing and 401(k) Plan account for such Plan Year had such contributions and forfeitures not been limited by application of Code Section 415 and/or Code Section 401(a)(17), or like Sections (if any) of the PR Code;

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(b)

with respect to Participants who during the Plan Year elected to defer salary and/or bonuses under the Wal-Mart Stores, Inc. Officer Deferred Compensation Plan, the amount of employer contributions and forfeitures which would have been (but were not) allocated to such Participant153s Profit Sharing and 401(k) Plan account for the Plan Year but for such Participant153s deferral election in the Wal-Mart Stores, Inc. Officer Deferred Compensation Plan; and

(c)

an amount determined in the sole discretion of the Committee, which may differ among Participants or categories of Participants designated by the Committee.

The amount credited to a Participant153s Account under (a) and/or (b) above
shall be calculated using the same percentage on which the Participant153s Profit
Sharing and 401(k) Plan allocations of employer contributions and forfeitures
for the Plan Year were determined. Notwithstanding anything in this Section 4.2
to the contrary, in no event will an initial contribution be made to a
Participant153s Account unless the aggregate of such initial contribution is at
least fifty dollars ($50).

4.3	Income or Loss Adjustment on Plan Accounts.

Except as otherwise provided in Article V, each Account shall be adjusted as
of each Valuation Date based on the overall rate of return on the Participant153s
accounts in the Profit Sharing and 401(k) Plan since the preceding Valuation
Date or, if the Participant did not have any accounts in the Profit Sharing and
401(k) Plan for any portion of the period since the preceding Valuation Date,
based on the rate of return of the default investment option as in effect under
the Profit Sharing and 401(k) Plan since the preceding Valuation Date.

ARTICLE V

PAYMENT OF PLAN BENEFITS

5.1	Benefits in the Event of Retirement, Disability or Death.

(a)

Upon a Participant153s Separation from Service due to Retirement or Disability, the Participant153s Account shall be distributed to the Participant in a lump sum cash payment during the 90-day period commencing on the Participant153s Pay Date. The lump sum amount distributed shall be the sum of: (1) the value of the Participant153s Account as of the Participant153s Pay Date, valued in accordance with Section 4.3, but using the Pay Date as the last Valuation Date, and (2) interest on the amount determined in (1) above at the mid-term applicable federal rate (defined pursuant to Code Section 1274(d) for January 1 of the calendar year, compounded annually) during the period from the Participant153s Pay Date through the date of distribution.

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(b)

Upon a Participant153s death (whether before or after the Participant153s Separation from Service), the Participant153s Account shall be distributed to the Participant153s Beneficiary in a lump sum cash payment during the 90-day period following the last day of the calendar month in which such death occurs. If the Participant153s death occurs prior to his Separation from Service, the lump sum amount distributed shall be the sum of: (1) the value of the Participant153s Account as of the last day of the month in which the Participant153s death occurs, valued in accordance with Section 4.3, but using the last day of such month as the last Valuation Date and (2) interest on the amount determined in (1) above at the mid-term applicable federal rate (defined pursuant to Code Section 1274(d) for January 1 of the calendar year, compounded annually) during the period from the last day of the month in which the Participant153s death occurs through the date of distribution. If the Participant153s death occurs after his Separation from Service, the lump sum amount distributed shall be the sum of: (1) the value of the Participant153s Account as of the last day of the month in which the Participant153s death occurs, valued in accordance with Section 4.3, but using the last day of such month as the last Valuation Date, multiplied by the Participant153s Vested Percentage, and (2) interest on the amount determined in (1) above at the mid-term applicable federal rate (defined pursuant to Code Section 1274(d) for January 1 of the calendar year, compounded annually) during the period from the last day of the month in which the Participant153s death occurs through the date of distribution.

5.2	Benefits Due to Separation from Service.

Upon a Participant153s Separation from Service for reasons other than
Retirement, Disability or death, the Participant153s Account shall be distributed
to the Participant in a lump sum cash payment during the 90-day period
commencing on the Participant153s Pay Date. The lump sum amount distributed shall
be the sum of: (a) the value of the Participant153s Account as of the
Participant153s Pay Date, valued in accordance with Section 4.3, but using the
Participant153s Pay Date as the last Valuation Date, multiplied by the
Participant153s Vested Percentage, and (b) interest on the amount determined in
(a) above at the mid-term applicable federal rate (defined pursuant to Code
Section 1274(d) for January 1 of the calendar year, compounded annually) during
the period from the Participant153s Pay Date through the date of distribution.

5.3	Beneficiary Designations.

A Participant may, by written or electronic instrument delivered to the
Committee in the form prescribed by the Committee, designate primary and
contingent beneficiaries to receive any benefit payments which may be payable
under this Plan following the Participant153s death, and may designate the
proportions in which such beneficiaries are to receive such payments. A
Participant may change such designation from time to time and the last written
designation filed with the Committee prior to the Participant153s death will
control. In the event no beneficiaries are designated, or if the designated
beneficiaries die before the Participant153s Account is distributed, the Account
shall be paid to the Participant153s beneficiary given effect with respect to the
Participant153s Profit Sharing Contribution Account under the Profit Sharing and
401(k) Plan, whether an affirmative or default election. In the event the
Participant has a beneficiary designation in effect with respect to a Profit
Sharing Contribution Account under both the Wal-Mart Profit Sharing and 401(k)
Plan and the Wal-Mart Puerto Rico Profit Sharing and 401(k) Plan, the
beneficiary designation for the Plan in which the Participant was a participant
immediately preceding his or her death shall apply.

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5.4	In-Service Withdrawals.

In no event shall benefits hereunder be payable to a Participant prior to the
Participant153s Separation from Service.

ARTICLE VI

GROSS MISCONDUCT : REDUCTION IN PLAN BENEFITS

6.1	Impact of Gross Misconduct.

Notwithstanding anything herein to the contrary, a Participant153s Plan
benefits are contingent upon the Participant not engaging in Gross Misconduct
while employed with Wal-Mart or any Employer, or during such additional period
as provided in Wal-Mart153s Statement of Ethics. In the event the Committee
determines that a Participant has engaged in Gross Misconduct, the Participant153s
Account shall be recalculated as if no employer contributions and/or forfeitures
were credited to the Participant153s Account under Section 4.2 (including
adjustments for earnings or losses thereon under Section 4.3) on or after
January 31, 1996. Notwithstanding anything herein to the contrary, such a
Participant153s Plan benefits (if any) shall be based upon the amount recalculated
under the preceding sentence. Any payments received hereunder by a Participant
(or the Participant153s Beneficiary) are contingent upon the Participant not
engaging (or not having engaged) in Gross Misconduct while employed with
Wal-Mart or any Employer, or during such additional period as provided in
Wal-Mart153s Statement of Ethics. If the Committee determines, after payment of
amounts hereunder, that the Participant has engaged in Gross Misconduct during
the prescribed period, the Participant (or the Participant153s Beneficiary) shall
repay to Wal-Mart any amount in excess of that to which the Participant is
entitled under this Section 6.1.

ARTICLE VII

ADMINISTRATION

7.1	Administration.

The Committee is responsible for the management, interpretation and
administration of the Plan. The Committee shall have discretionary authority
with respect to the determination of benefits under the Plan and the
construction and interpretation of Plan provisions. In such capacity, the
Committee is granted the following rights and duties:

(a)

The Committee shall have the exclusive duty, authority and discretion to interpret and construe the provisions of the Plan, to determine eligibility for and the amount (including the vested percentage) of any benefit payable under the Plan, and to decide any dispute which may rise regarding the rights of Participants (or their Beneficiaries) under this Plan;

(b)

The Committee shall have the sole and complete authority to adopt, alter, and repeal such administrative rules, regulations, and practices governing the operation of the Plan as it shall from time to time deem advisable;

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(c)

The Committee may appoint a person or persons to assist the Committee in the day-to-day administration of the Plan;

(d)

The decision of the Committee in matters pertaining to this Plan shall be final, binding, and conclusive upon Wal-Mart and any Affiliated Company, and the Participant, such Participant153s Beneficiary, and upon any person affected by such decision, subject to the claims procedure set forth in Article VIII; and

(e)

In any matter relating solely to a Committee member153s individual rights or benefits under this Plan, such Committee member shall not participate in any Committee proceeding pertaining to, or vote on, such matter.

7.2	Allocation and Delegation of Duties.

(a)

The Committee shall have the authority to allocate, from time to time, by instrument in writing filed in its records, all or any part of its respective responsibilities under the Plan to one or more of its members as may be deemed advisable, and in the same manner to revoke such allocation of responsibilities. In the exercise of such allocated responsibilities, any action of the member to whom responsibilities are allocated shall have the same force and effect for all purposes hereunder as if such action had been taken by the Committee. The Committee shall not be liable for any acts or omissions of such member. The member to whom responsibilities have been allocated shall periodically report to the Committee concerning the discharge of the allocated responsibilities.

(b)

The Committee shall have the authority to delegate, from time to time, by written instrument filed in its records, all or any part of its responsibilities under the Plan to such person or persons as the Committee may deem advisable (and may authorize such person to delegate such responsibilities to such other person or persons as the Committee shall authorize) and in the same manner to revoke any such delegation of responsibility. Any action of the delegate in the exercise of such delegated responsibilities shall have the same force and effect for all purposes hereunder as if such action had been taken by the Committee. The Committee shall not be liable for any acts or omissions of any such delegate. The delegate shall periodically report to the Committee concerning the discharge of the delegated responsibilities.

ARTICLE VIII

CLAIMS AND APPEALS PROCEDURES

8.1

General.

A Participant or Beneficiary (“claimant”) who believes he or she is entitled
to Plan benefits which have not been paid may file a written claim for benefits
with the Committee within one (1) year of the Participant153s Separation from
Service. If any such claim is not filed within one (1) year of the Participant153s
Separation from Service, neither the Plan nor Wal-Mart or any Affiliated Company
shall have any obligation to pay the disputed benefit and the claimant shall
have no further rights under the Plan. If a timely claim for a Plan benefit is
wholly or partially denied, notice of the decision will be furnished to the
claimant by the Committee within a reasonable period of time, not to exceed
sixty (60) days (or forty-five (45) days in the event of a claim involving a
Disability determination), after receipt of the claim by the Committee. The
Committee may extend the initial period up to any additional sixty (60) days (or
thirty (30) days, in the case of a claim involving a Disability determination),
provided the Committee determines that the extension is necessary due to matters
beyond the Plan153s control and the claimant is notified of the extension before
the end of the initial 60-day (or, as applicable, 45-day) period and the date by
which the Committee expects to render a decision. (In the case of a claim
involving a Disability determination, the Committee may extend this period for
an additional thirty (30) days if the claimant is notified of the extension
before the end of the initial 30-day extension.) Any claimant who is denied a
claim for benefits will be furnished written notice setting forth:

(a)

the specific reason or reasons for the denial;

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(b)

specific reference to the pertinent Plan provision upon which the denial is based;

(c)

a description of any additional material or information necessary for the claimant to perfect the claim; and

(d)

an explanation of the Plan153s appeals procedure.

8.2	Appeals Procedure.

To appeal a denial of a claim, a claimant or the claimant153s duly authorized
representative:

(a)

may request a review by written application to the Committee not later than sixty (60) days (or one-hundred eighty (180) days in the case of a claim involving a Disability determination) after receipt by the claimant of the written notification of denial of a claim;

(b)

may review pertinent documents; and

(c)

may submit issues and comments in writing.

A decision on review of a denied claim will be made by the Committee not
later than sixty (60) days (or forty-five (45) days in the event of a claim
involving a Disability determination) after receipt of a request for review,
unless special circumstances require an extension of time for processing, in
which case a decision will be rendered within a reasonable period of time, but
not later than one hundred twenty (120) days (or ninety (90) days in the event
of a claim involving a Disability determination) after receipt of a request for
review. The decision on review will be in writing and shall include the specific
reasons for the denial and the specific references to the pertinent Plan
provisions on which the decision is based.

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ARTICLE IX

MISCELLANEOUS PROVISIONS

9.1	Amendment, Suspension or Termination of Plan.

Wal-Mart, by action of the Committee, reserves the right to amend, suspend or
to terminate the Plan in any manner that it deems advisable. Notwithstanding the
preceding sentence, the Plan may not be amended, suspended or terminated to
cause a Participant to forfeit his or her then-existing Account. In the event of
a complete or partial termination of the Plan, the Vested Percentage applicable
to the Accounts of the Participants affected by such complete or partial
termination shall be 100%, and such Accounts shall be paid at the time and in
the manner provided in Article V (subject to the provisions of Article VI). No
amendment or termination of the Plan may accelerate the date of payment of a
Participant153s benefit as provided herein except as permitted by law.

Notwithstanding the preceding, Wal-Mart may, by action of the Committee
within the thirty (30) days preceding or twelve (12) months following a change
in control (within the meaning of Code Section 409A) of a relevant affiliate,
partially terminate the Plan and distribute benefits to all Participants
involved in such change in control within twelve (12) months after such action,
provided that all plans sponsored by the service recipient immediately after the
change in control which are required to be aggregated with this Plan pursuant to
Code Section 409A are also terminated and liquidated with respect to each
Participant involved in the change in control.

9.2	Non-Alienability.

The rights of a Participant to the payment of benefits as provided in the
Plan may not be assigned, transferred, pledged or encumbered or be subject in
any manner to alienation or anticipation. No Participant may borrow against his
or her interest in the Plan. No interest or amounts payable under the Plan may
be subject in any manner to anticipation, alienation, sale, transfer,
assignment, pledge, encumbrance, charge, garnishment, execution or levy of any
kind, whether voluntary or involuntary, including but not limited to, any
liability which is for alimony or other payments for the support of a spouse or
former spouse, or for any other relative of any Participant.

9.3	No Employment Rights.

Nothing contained herein shall be construed as conferring upon a Participant
the right to continue in the employ of Wal-Mart or any Affiliated Company in the
Participant153s current position or in any other capacity.

9.4	Withholding and Employment Taxes.

To the extent required by law, Wal-Mart or an Affiliated Company shall
withhold from a Participant153s current compensation such taxes as are required to
be withheld for employment taxes. To the extent required by law, Wal-Mart or an
Affiliated Company shall withhold from a Participant153s Plan distributions such
taxes as are required to be withheld for federal, Puerto Rican, state or local
government income tax purposes.

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9.5	Income and Excise Taxes.

Each Participant (or the Participant153s Beneficiaries or estate) is solely
responsible for the payment of all federal, Puerto Rican, state, and local
income and excise taxes resulting from the Participant153s participation in this
Plan.

9.6	Successors and Assigns.

The provisions of this Plan are binding upon and inure to the benefit of
Wal-Mart, each Affiliated Company which then has a Participant in the Plan,
their successors and assigns, and each Participant, such Participant153s
Beneficiaries, heirs, and legal representatives.

9.7	Governing Law.

This Plan shall be subject to and construed in accordance with the laws of
the State of Arkansas to the extent not preempted by federal law.

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