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David D. Glass

January 1, 1989

President and Chief Executive Officer Wal-Mart Stores, Inc. – Bentonville, Arkansas

David D. Glass, President and Chief Executive Officer of Wal-Mart Stores, Inc., joined Wal-Mart in 1976 as Executive Vice President of Finance. Formerly with Crank Drug Stores and Consumer Markets, where he served as General Manager, Mr. Glass administered the overall financial and accounting functions of Wal-Mart until his promotion to Vice Chairman and Chief Financial Officer in 1982. He has served as President since 1984 and as Chief Executive Officer since February, 1988. During his tenure Wal-Mart has grown from 125 stores to its present operation of over 1,000 stores, including the formation of Sam’s Wholesale Club in 1983 and Hypermarket* USA in 1988. A native of Mountain View, Missouri, Mr. Glass is a graduate of Southwest Missouri State University in Springfield, Missouri, where he currently serves as an active member of their alumni association. As a result of his long standing support of the college, the recently completed School of Business was dedicated as David D. Glass Hall. In 1986 Mr. Glass was named “Discounter of the Year” by the retail industry. “We must challenge the obvious, we must have the will to compete and we must realize that most of our limitations are self-imposed.”