<![CDATA[
<table border="0" cellpadding="0" cellspacing="0" width="100%" align="center" summary="2004 Annual Report no frames">
<tr class="HeaderEmail">
<td id="LogoDiv" rowspan="2">
<a target="_blank" href="http://www.dollartreestoresinc.com/"><img border="0" src="http://www.shareholder.com/shared/dynamicdoc/DLTR/937/logo.gif" alt="logo"></a>
</td><td id="TitleDiv" rowspan="2">
<h1 id="DocTitle">2004 Annual Report</h1>
<div id="NavArrows">
<img src="http://www.shareholder.com/visitors/dynamicdoc/v3/images/rew_off.gif" width="14" height="14" alt="First Page" border="0">
<img src="http://www.shareholder.com/visitors/dynamicdoc/v3/images/prev_off.gif" width="14" height="14" alt="Previous Page" border="0">
<span id="PageLabel">
Front Cover
</span>
<a href="http://www.dollartree.com/visitors/dynamicdoc/document.cfm?documentid=937&companyid=DLTR&Pin=614149852&Page=2" class="button"><img src="http://www.shareholder.com/visitors/dynamicdoc/v3/images/next_on.gif" width="14" height="14" alt="Next Page" border="0"></a>
<span style="display:none;">|</span>
<a href="http://www.dollartree.com/visitors/dynamicdoc/document.cfm?documentid=937&companyid=DLTR&Pin=614149852&Page=54" class="button"><img src="http://www.shareholder.com/visitors/dynamicdoc/v3/images/ffwd_on.gif" width="14" height="14" alt="Last Page" border="0"></a>
</div></td>
<td colspan="2">
<form id="SectionSelect" name="SectionSelect" action="http://www.dollartree.com/visitors/dynamicdoc/document.cfm?documentid=937&companyid=DLTR&Pin=614149852" method="post">
<label for="Sections">Table of Contents</label>
<br><select class="FormFields" name="Page" id="Sections" size="1">
<option value="1" selected>Front Cover</option>
<option value="2">About the Company</option>
<option value="2">Contents</option>
<option value="5">Financial Highlights</option>
<option value="6">Letter to Shareholders</option>
<option value="9">From the Chief Financial Officer</option>
<option value="10">Narrative</option>
<option value="17">Management's Discussion & Analysis of Financial Condition and Results of Operations</option>
<option value="30">Report of Independent Registered Public Accounting Firm</option>
<option value="31">Consolidated Statements of Operations</option>
<option value="32">Consolidated Balance Sheets</option>
<option value="33">Consolidated Statements of Shareholders' Equity and Comprehensive Income (Loss)</option>
<option value="34">Consolidated Statements of Cash Flows</option>
<option value="35">Notes to Consolidated Financial Statements</option>
<option value="53">Company Information</option>
<option value="54">Back Cover</option>
</select>
<input class="FormFields" type="image" src="http://www.shareholder.com/visitors/dynamicdoc/themes/B/Go.gif" alt="Go" value="Go">
</form>
</td>
</tr>
<tr class="HeaderEmail">
<td>
<form id="Search" name="Search" action="http://www.dollartree.com/visitors/dynamicdoc/document.cfm?documentid=937&companyid=DLTR&Pin=614149852" method="post">
<label for="keyword">Search</label><br><input class="FormFields" maxlength="100" name="keyword" id="keyword" size="10" type="Text" value="Type keywords here">
<input type="image" src="http://www.shareholder.com/visitors/dynamicdoc/themes/B/Search.gif" alt="Search" value="Search" class="FormFields"></nobr>
</form></td>
<td><form id="Jump" name="Jump" action="http://www.dollartree.com/visitors/dynamicdoc/document.cfm?documentid=937&companyid=DLTR&Pin=614149852" method="post">
<label for="EmailGoTo">Go to page</label><br><input class="FormFields" maxlength="15" id="EmailGoTo" name="EmailGoTo" size="4" type="Text" value="1">
<input type="image" src="http://www.shareholder.com/visitors/dynamicdoc/themes/B/GoToPage.gif" alt="Go to page" value="Go to page" class="FormFields">
</form>
</td>
</tr><tr>
<td colspan="4" align="center" id="DisplayPage"><a href="http://www.dollartree.com/visitors/dynamicdoc/document.cfm?documentid=937&companyid=DLTR&Pin=614149852&page=2"><img name="DisplayPage" src="http://www.shareholder.com/shared/dynamicdoc/DLTR/937/ar_1.jpg" border="2" alt="Front Cover" longdesc="http://www.shareholder.com/visitors/dynamicdoc/v3/../page_longdesc.cfm?CompanyID=DLTR&documentID=937&PIN=614149852&Page=1"></a>
<span style="display:none;">[<a href="../page_longdesc.cfm?CompanyID=DLTR&documentID=937&PIN=614149852&Page=1">D</a>]</span></td>
</tr>
</table>
]]>