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WALTON FAMILY VOTES DEFEAT CHINA FORCED LABOR RESOLUTION; REMAINING SHAREHOLDERS APPROVE RESOLUTION

 WALTON FAMILY VOTES DEFEAT CHINA FORCED LABOR RESOLUTION;
 REMAINING SHAREHOLDERS APPROVE RESOLUTION
 WASHINGTON, June 22 /PRNewswire/ -- The Food and Allied Service Trades Department, AFL-CIO ("FAST"), today announced the results of its examination of the ballots cast on its resolution concerning Wal- Mart Stores, Inc., and forced labor products from China.
 The final count, which was conducted by Boatman's Bank in St. Louis, was as follows:
 FOR: 23,557,217 (4.45 percent)
 AGAINST: 500,800,347 (94.63 percent)
 ABSTAIN: 4,846,803 ( .92 percent)
 FAST's analysis of the actual ballots cast in the contest reveals that shareholders, other than the Walton family, voted in favor of recommending the creation of a special committee of the board of directors to investigate Wal-Mart's China buying policies and practices, with special attention on the question of forced labor products.
 The figures supporting this conclusion were as follows:
 --Walton Family Members 463,434,229
 --Walton Family and Trustee of the
 Wal-Mart Profit Sharing Plan 492,169,517
 --Walton Family; Profit Sharing Plan
 Trustee; and Walton In-Laws 492,799,030
 --Other Shareholders Against 8,001,317
 --Shareholders Voting For 23,557,217
 "The Walton family has voted to bury Wal-Mart's head in the sand in deciding not to undertake its own investigation of the company's China business," said FAST President Robert F. Harbrant.
 "They have accepted a special responsibility for themselves in deciding to conduct business as usual with China," he added.
 FAST has challenged, as a matter of principle, the validity of the ballot cast by Wachovia Bank, as trustee for the Wal-Mart Stores, Inc., Profit Sharing Trust.
 "To vote the shares held by the employees without soliciting them reveals a disdain for the democratic process," Harbrant noted.
 -0- 6/22/92
 /CONTACT: Jeffrey L. Fiedler of Food & Allied Service Trades, 202-737-7200/ CO: Food & Allied Service Trades ST: District of Columbia IN: REA SU:


IH -- DC028 -- 2540 06/22/92 16:16 EDT
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Publication:PR Newswire
Date:Jun 22, 1992
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