Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
SCHAEFFER LEONARD D
   2. Issuer Name and Ticker or Trading Symbol
WELLPOINT INC [WLP] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
120 MONUMENT CIRCLE		 3. Date of Earliest Transaction (Month/Day/Year)
12/01/2004
(Street)

INDIANAPOLIS, IN 46204		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 12/01/2004   M   11,869 A $ 53.09 1,544,216 D  
Common Stock 12/01/2004   F   8,239 D $ 101.33 1,535,977 D  
Common Stock 12/01/2004   M   17,978 A $ 42.94 1,553,955 D  
Common Stock 12/01/2004   F   11,322 D $ 101.33 1,542,633 D  
Common Stock 12/01/2004   M   20,221 A $ 62.9 1,562,854 D  
Common Stock 12/01/2004   F   15,294 D $ 101.33 1,547,560 D  
Common Stock 12/01/2004   M   47,021 A $ 49.04 1,594,581 D  
Common Stock 12/01/2004   F   31,431 D $ 101.33 1,563,150 D  
Common Stock 12/01/2004   M   40,193 A $ 59.98 1,603,343 D  
Common Stock 12/01/2004   F   29,655 D $ 101.33 1,573,688 D  
Common Stock 12/01/2004   M   106,122 A $ 49.85 1,679,810 D  
Common Stock 12/01/2004   F   71,482 D $ 101.33 1,608,328 D  
Common Stock 12/01/2004   M   248,004 A $ 55.1 1,856,332 D  
Common Stock 12/01/2004   F   175,306 D $ 101.33 1,681,026 D  
Common Stock 12/01/2004   M   81,313 A $ 68.82 1,762,339 D  
Common Stock 12/01/2004   F   64,551 D $ 101.33 1,697,788 D  
Common Stock 12/01/2004   M   8,934 A $ 75.4 1,706,722 D  
Common Stock 12/01/2004   F   7,465 D $ 101.33 1,699,257 D  
Common Stock 12/01/2004   M   80,549 A $ 59.81 1,779,806 D  
Common Stock 12/01/2004   F   59,343 D $ 101.33 1,720,463 D  
Common Stock 12/01/2004   M   61,960 A $ 87.72 1,782,423 D  
Common Stock 12/01/2004   F   56,613 D $ 101.33 1,725,810 D  
Common Stock 12/01/2004   M   60,284 D $ 82.06 1,786,094 D  
Common Stock 12/01/2004   F   52,918 D $ 101.33 1,733,176 D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option (right to buy) $ 49.04 12/01/2004   M     47,021 03/01/2002 03/03/2006 Common Stock 47,021 $ 0 3,031,710 D  
Employee Stock Option (right to buy) $ 101.33 12/01/2004   A   31,431   12/01/2004 03/03/2006 Common Stock 31,431 $ 0 3,063,141 D  
Common Stock $ 59.98 12/01/2004   M     40,193 09/01/2002 03/03/2006 Common Stock 40,193 $ 0 3,022,948 D  
Employee Stock Option (right to buy) $ 101.33 12/01/2004   A   29,655   12/01/2004 03/03/2006 Common Stock 29,655 $ 0 3,052,603 D  
Common Stock $ 49.82 12/01/2004   M     106,122 02/11/2009 02/10/2009 Common Stock 106,122 $ 0 2,946,481 D  
Common Stock $ 101.33 12/01/2004   A   71,482   12/01/2004 02/10/2009 Common Stock 71,482 $ 0 3,017,963 D  
Employee Stock Option (right to buy) $ 55.1 12/01/2004   M     248,004 02/05/2003 02/04/2013 Common Stock 248,004 $ 0 2,769,959 D  
Employee Stock Option (right to buy) $ 101.33 12/01/2004   A   175,306   12/01/2004 02/04/2013 Common Stock 175,306 $ 0 2,945,265 D  
Employee Stock Option (right to buy) $ 68.82 12/01/2004   M     81,313 06/01/2003 03/03/2006 Common Stock 81,313 $ 0 2,863,952 D  
Employee Stock Option (right to buy) $ 101.33 12/01/2004   A   64,551   12/01/2004 03/03/2006 Common Stock 64,551 $ 0 2,928,503 D  
Employee Stock Option (right to buy) $ 75.4 12/01/2004   M     8,934 12/01/2003 03/03/2006 Common Stock 8,934 $ 0 2,919,569 D  
Employee Stock Option (right to buy) $ 101.33 12/01/2004   A   7,465   12/01/2004 03/03/2006 Common Stock 7,465 $ 0 2,927,034 D  
Employee Stock Option (right to buy) $ 59.81 12/01/2004   M     80,549 06/01/2002 03/03/2006 Common Stock 80,549 $ 0 2,846,485 D  
Employee Stock Option (right to buy) $ 101.33 12/01/2004   A   59,343   12/01/2004 03/03/2006 Common Stock 59,343 $ 0 2,905,828 D  
Employee Stock Option (right to buy) $ 87.72 12/01/2004   M     61,960 03/01/2004 03/01/2010 Common Stock 61,960 $ 0 2,843,868 D  
Employee Stock Option (right to buy) $ 101.33 12/01/2004   A   56,613   12/01/2004 03/01/2010 Common Stock 56,613 $ 0 2,900,481 D  
Employee Stock Option (right to buy) $ 82.06 12/01/2004   M     60,284 01/26/2004 01/25/2014 Common Stock 60,284 $ 0 2,840,197 D  
Employee Stock Option (right to buy) $ 101.33 12/01/2004   A   52,918   12/01/2004 01/25/2014 Common Stock 52,918 $ 0 2,893,115 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
SCHAEFFER LEONARD D
120 MONUMENT CIRCLE
INDIANAPOLIS, IN 46204		   X      

Signatures

 Nancy Purcell, Attorney-in-fact   12/03/2004
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
 
Remarks:
Form 2 of 2 being filed for the reporting person on the same day.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

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