X0202 4 2005-03-07 0 0000034408 FAMILY DOLLAR STORES INC FDO 0001272590 KELLEY JANET G P.O. BOX 1017 CHARLOTTE NC 28201-1017 0 1 0 0 Senior Vice President Employee Stock Option (Right to Buy) 32.25 2005-03-07 4 A 0 25000 0 A 2010-03-06 Common Stock 25000 25000 D This option was granted on March 7, 2005, under the 1989 Non-Qualified Stock Option Plan, and no portion of the option may be exercised prior to March 7, 2007. Thereafter, the option is exercisable in cumulative installments of not more than 40% of the number of shares subject to the option after March 6, 2007, 70% after March 6, 2008, and 100% after March 6, 2009. /s/ Janet G. Kelley 2005-03-08