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Proc-Type: 2001,MIC-CLEAR
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UNITED STATES FORM 11-K/A (Mark One) or [ ] Transition Report Pursuant to Section 15(d) of the Securities
Exchange Act of 1934 Commission file number 1-6991 A. Full title of the plan and the address of the plan, if different from that of the
issuer named below: WAL-MART PUERTO RICO, INC., 401(k) RETIREMENT SAVINGS PLAN B. Name of issuer of the securities held pursuant to the plan and the
address of its principal executive office: WAL-MART STORES, INC. Page 1 of 13 Wal-Mart Puerto Rico, Inc. Financial Statements and As of January 31, 2000 and 1999, and for the Year ended January 31, 2000 Contents Report of Independent Auditors
3 Audited Financial Statements Statements of Net Assets Available for Benefits
4 Supplemental Schedule Schedule H; Line 4iSchedule of Assets Page 2 of 13 Report of Independent Auditors The Administrative Committee of the We have audited the accompanying statements of net assets available for
benefits of Wal-Mart Puerto Rico, Inc. 401(k) Retirement Savings Plan as of January 31,
2000 and 1999, and the related statement of changes in net assets available for benefits
for the year ended January 31, 2000. These financial statements are the responsibility of
the Plan's management. Our responsibility is to express an opinion on these financial
statements based on our audits. We conducted our audits in accordance with auditing standards generally
accepted in the United States. Those standards require that we plan and perform the audit
to obtain reasonable assurance about whether the financial statements are free of material
misstatement. An audit includes examining, on a test basis, evidence supporting the
amounts and disclosures in the financial statements. An audit also includes assessing the
accounting principles used and significant estimates made by management, as well as
evaluating the overall financial statement presentation. We believe that our audits
provide a reasonable basis for our opinion. In our opinion, the financial statements referred to above present
fairly, in all material respects, the net assets available for benefits of the Plan at
January 31, 2000 and 1999, and the changes in its net assets available for benefits for
the year ended January 31, 2000, in conformity with accounting principles generally
accepted in the United States. Our audits were performed for the purpose of forming an opinion on the
financial statements taken as a whole. The accompanying supplemental schedule of assets
held for investment purposes at end of year as of January 31, 2000, is presented for the
purpose of additional analysis and is not a required part of the basic financial
statements but is supplementary information required by the Department of Labors
Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income
Security Act of 1974. This supplemental schedule is the responsibility of the Plans
management. The supplemental schedule has been subjected to the auditing procedures
applied in our audits of the financial statements and, in our opinion, is fairly stated in
all material respects in relation to the financial statements taken as a whole. Tulsa, Oklahoma Page 3 of 13 Wal-Mart Puerto Rico, Inc. Statements of Net Assets Available for Benefits January 31 2000 1999 See accompanying notes. Page 4 of 13 Wal-Mart Puerto Rico, Inc. Statements of Changes in Net Assets Available for Benefits Year ended January 31, 2000 Additions: See accompanying notes. Page 5 of 13 Wal-Mart Puerto Rico, Inc. Notes to Financial Statements January 31, 2000 1. Description of the Plan The following description of the Wal-Mart Puerto Rico, Inc. 401(k)
Retirement Savings Plan (the "Plan") provides only general information regarding
the Plan as in effect on January 31, 2000. This document is not part of the summary plan
description of the Plan and is not a document pursuant to which the Plan is maintained
within the meaning of the Puerto Rico Income Tax Act of 1954 ("PRITA"), as
amended, or Section 402(a)(1) of the Employee Retirement Income Security Act of 1974
("ERISA"), as amended. Participants should refer to the Plan document for a
complete description of the Plans provisions. To the extent not specifically
prohibited by statue or regulation, Wal-Mart Puerto Rico, Inc. ("Wal-Mart" or
the "Company") reserves the right to unilaterally amend, modify, or terminate
the Plan at any time, and such changes may be applied to all Plan participants and their
beneficiaries regardless of whether the participant is actively working or retired at the
time of the change. The Plan may not be amended, however, to permit any part of the
Plans assets to be used for any purpose other than for the purpose of paying
benefits to participants and their beneficiaries. All investment programs of the Plan are
fully participant directed. General The Plan is a defined contribution plan established by the Company on
February 1, 1997. All associates of the Company who are not covered by a plan of a related
company and have completed at least 1,000 hours of service in a consecutive 12-month
period are eligible to participate in the Plan. Participation may begin on the first day
of the month following eligibility. The Plan is subject to the provisions of PRITA and
ERISA. The responsibility for operation and administration of the Plan (except
for investment management and control of assets) is vested in the Plans
Administrative Committee of the Company ("Administrative Committee"). The trustee function of the Plan is performed by Banco Popular de
Puerto Rico ("BPPR") while Merrill Lynch is the custodian of the Plans
assets and recordkeeper for the Plan. BPPR remits all contributions received from the
Company to Merrill Lynch who invests those contributions according to the direction of
participants and policies established by the Administrative Committee. Merrill Lynch makes
payments to beneficiaries from the Plan in accordance with the Plan. Page 6 of 13 Wal-Mart Puerto Rico, Inc. Notes to Financial Statements (continued) 1. Description of the Plan (continued) Contributions All eligible associates participate in the Plan and may elect to
contribute from 1% to 10% of their eligible wages. Whether or not an associate contributes
to the Plan, he or she will receive a portion of the Companys contribution if they
meet certain eligibility requirements. To be eligible to receive a Company contribution,
the associate must complete at least 1,000 hours of service during the Plan year for which
the contribution is made, and be employed on the last day of that Plan year (January 31). At the end of each Plan year, Wal-Marts contribution (if any)
will be determined for that Plan year. The Companys contribution for each associate
will be a percentage of the associates eligible wages for the Plan year.
Wal-Marts contribution is discretionary and can vary from year to year. Such
contributions are subject to certain limitations in accordance with provisions of PRITA
and ERISA. Participants Accounts Each participants account is credited with the participants
contribution and an allocation of (a) the Companys contribution to the Plan made on
the associates behalf, and (b) an allocation, as defined, of Plan earnings. The
benefit to which a participant is entitled from the Plan is dependent on the amount in the
participants vested account. Company contributions to the Plan are invested in accordance with the
investment elections made by each participant for deposit in his or her account. Vesting Participants are immediately vested in all contributions to their
accounts, plus actual earnings thereon. Page 7 of 13 Wal-Mart Puerto Rico, Inc. Notes to Financial Statements (continued) 1. Description of the Plan (continued) Payment of Benefits and Withdrawals The normal form of payment upon a participants separation from
the Company is a lump-sum payment in cash for the balance of the participants
account. Participants may also elect to receive a single lump-sum payment in whole shares
of Company stock, with partial or fractional shares paid in cash, to the extent the
participants account is invested in Company stock. To the extent the
participants account is not invested in Company stock, the account balance will
automatically be distributed in cash. Participants may also elect to rollover their
account balance into a different tax-qualified retirement plan or individual retirement
arrangement upon separation from the Company. The Plan permits withdrawals of
participants salary reduction contributions and rollover contributions only in
amounts necessary to satisfy financial hardship, as defined by the Plan document. Plan Termination While there is no intention to do so, the Company may discontinue the
Plan by giving written notice, subject to the provisions of ERISA and PRITA. In the event
of a complete or partial termination of this Plan or a complete discontinuance of
contributions to it, the accounts of the participants shall be fully and immediately
nonforfeitable. The Trust shall remain in effect (unless it is specifically terminated)
and the Trust assets shall be administered in the manner provided by the terms of the
Trust and distributed as soon as administratively feasible. Investment Options Participant investment choices include a variety of mutual funds,
common collective trusts and Wal-Mart stock. The associate may change his or her
selections at any time throughout the year. Page 8 of 13 Wal-Mart Puerto Rico, Inc. Notes to Financial Statements (continued) 2. Income Tax Status The Plan has received a determination letter from the Commonwealth of
Puerto Ricos Department of Treasury dated February 10, 1999, stating that the Plan
is qualified under Section 165(a) of PRITA and therefore, the related trust is exempt from
taxation. Once qualified, the Plan is required to operate in conformity with PRITA and
ERISA to maintain its qualification. Company management believes the Plan is being
operated in compliance with the applicable requirements of PRITA and ERISA and, therefore,
believes that the Plan is qualified and the related trust is tax-exempt. 3. Summary of Accounting Policies Basis of Accounting The preparation of the financial statements in conformity with
accounting principles generally accepted in the United States requires Plan management to
use estimates and assumptions that affect the amounts reported in the accompanying
financial statements and notes. Actual results could differ from these estimates. Shares of registered investment companies are valued at published
prices which represent the net asset values of shares held by the Plan at year end.
Wal-Mart common stock is stated at fair value which equals the quoted market price on the
last business day of the year. Investments in common collective trust funds are stated at
the fair value of the underlying assets determined by the Custodian. Purchases and sales
are recorded on a trade-date basis. Interest income is recorded on the accrual basis.
Dividends are recorded on the ex-dividend date. Committee members are appointed by the Company to administer the Plan.
The Company bears all costs associated with administering the Plan, except for minor
administration expenses paid by the Plan. Certain prior year amounts have been reclassified to conform to current
year presentation. Page 9 of 13 Wal-Mart Puerto Rico, Inc. Notes to Financial Statements (continued) 4. Investments Merrill Lynch holds the Plans investments and executes all
investment transactions. All investment information disclosed in the accompanying
financial statements and schedules, including investments held at January 31, 2000 and
1999, and net appreciation in fair value of investments, and dividends for the year ended
January 31, 2000, was obtained or derived from information supplied to the plan
administrator and certified as complete and accurate by the Custodian. During fiscal year 2000 the Plans investments (including
investments purchased, sold as well as held during the year) appreciated in value as
follows: Net Common Stock $ 7,677 Mutual Funds 7,048 Common collective trust 1,627 Total $16,352 The fair value of individual investments that represent 5% or more of
the Plans net assets are as follows: January 31 2000 1999 Merrill
Lynch Retirement $1,260,247 $565,039 Page 10 of 13 Wal-Mart Puerto Rico, Inc. Notes to Financial Statements (continued) 5. Differences Between Financial Statements and Form 5500 The following is a reconciliation of net assets available for benefits
per financial statements to Form 5500: January 31 2000 1999 The following is a reconciliation of benefit payments to participants
per the financial statements to the Form 5500: Benefit payments per the financial
statements Add: Amounts allocated to withdrawing Less: Amounts allocated on Form 5500 to Benefit payments per the Form 5500 Amounts allocated to withdrawing participants are recorded in the Form
5500 for benefit claims that have been processed and approved for payment prior to January
31, 2000 but not yet paid as of that date. Page 11 of 13 Supplemental Schedule Wal-Mart Puerto Rico, Inc. Schedule H; Line 4iSchedule of Assets EIN#: 66-0475164 January 31, 2000 (a) (e) * Wal-Mart Stores, Inc. $ 54,501 * Merrill Lynch 28,771 * Merrill Lynch PIMCO Total Return Fund 10,943 Ivy International Fund 8,138 Putnam New Opportunities Fund 22,696 $1,385,296 * Party-in-interest. Note: Column (d) is not applicable for participant directed
investments. Page 12 of 13 SIGNATURES The Plan. Pursuant to the requirements of the Securities and Exchange
Act of 1934, the trustees (or other persons who administer the employee benefit plan) have
duly caused this annual report to be signed on its behalf by the undersigned hereunto duly
authorized.
WAL-MART PUERTO RICO, INC., Date: July 27, 2000
/s/ Debbie Davis-Campbell Page 13 of 13
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
[X] Annual Report Pursuant to Section 15(d) of the Securities Exchange Act of 1934
For the fiscal year ended January 31, 2000.
For the transition period from ______to______.
702 Southwest Eighth Street
Bentonville, Arkansas 72716
401(k) Retirement Savings Plan
Supplemental Schedule
Statement of Changes in Net Assets Available for Benefits
5
Notes to Financial Statements
6-11
Held for Investment Purposes At End of Year
12
Wal-Mart Puerto Rico, Inc. 401(k) Retirement Savings Plan
June 30, 2000
401(k) Retirement Savings Plan
Assets
Investments
$1,385,296
$ 598,548
Receivables:
Company contribution
873,026
750,129
Associates contribution
2,689
1,768
Total receivables
875,715
751,897
Cash and other
8,705
296
Net assets available for benefits
$2,269,716
$1,350,741
401(k) Retirement Savings Plan
Associate contributions
$ 75,987
Company contributions
872,550
Net appreciation in fair value
of investment16,352
Dividend income
78,018
Total asset additions
1,042,907
Deductions:
Benefit payments
123,932
Total asset deductions
123,932
Net increase in net assets available for benefits
918,975
Net assets available for benefits at beginning of year
1,350,741
Net assets available for benefits at end of year
$2,269,716
401(k) Retirement Savings Plan
401(k) Retirement Savings Plan
401(k) Retirement Savings Plan
401(k) Retirement Savings Plan
401(k) Retirement Savings Plan
Appreciation
in Fair
Value of
Investments
Preservation Fund
401(k) Retirement Savings Plan
Net assets available for benefits
per the financial statements$2,269,716
$1,350,741
Amounts allocated to withdrawing
Participants(53,072)
(12,537)
Net assets available for benefits
per the form 5500$2,216,644
$1,338,204
$123,932
participants at January 31, 200053,072
withdrawn participants at beginning of the year(12,537)
$164,467
401(k) Retirement Savings Plan
Held for Investment Purposes At End of Year
Plan#: 004
(b) (c)
Identity of Issue
Current
Value
Equity Index Fund
Retirement Preservation Fund
1,260,247
401 (k) RETIREMENT SAVINGS PLAN
&nbs
"JUSTIFY">
Page 13 of 13
Consent of Independent Auditors
We consent to the incorporation by reference in the Registration Statement (Form S-8 No. 333-44659) pertaining to the Wal-Mart Puerto Rico, Inc. 401(k) Retirement Savings Plan of our report dated June 30, 2000, with respect to the financial statements and schedule of the Wal-Mart Puerto Rico, Inc. 401(k) Retirement Savings Plan included in the Annual Report (Form 11-K) for the year ended January 31, 2000.
 
/s/ Ernst & Young LLP
&nbs
Ernst & Young LLP
Tulsa, Oklahoma
July 25, 2000