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   32,657 A $ 47.54 1,195,925 D  
Common Stock 12/01/2004   F   21,519 D $ 101.33 1,174,406 D  
Common Stock 12/01/2004   M   107,039 A $ 75.4 1,281,445 D  
Common Stock 12/01/2004   F   89,440 D $ 101.33 1,192,005 D  
Common Stock 12/01/2004   M   155,031 A $ 87.72 1,347,036 D  
Common Stock 12/01/2004   F   141,653 D $ 101.33 1,205,383 D  
Common Stock 12/01/2004   M   413,332 A $ 51.21 1,618,715 D  
Common Stock 12/01/2004   F   281,977 D $ 101.33 1,336,738 D  
Common Stock 12/01/2004   M   22,022 A $ 43.47 1,358,760 D  
Common Stock 12/01/2004   F   13,943 D $ 101.33 1,344,817 D  
Common Stock 12/01/2004   F   68,796 A $ 87.72 1,413,613 D  
Common Stock 12/01/2004   F   62,860 D $ 101.33 1,350,753 D  
Common Stock 12/01/2004   M   82,668 A $ 34.92 1,433,421 D  
Common Stock 12/01/2004   F   47,858 D $ 101.33 1,385,563 D  
Common Stock 12/01/2004   M   224,030 A $ 38.9 1,609,593 D  
Common Stock 12/01/2004   F   135,348 D $ 101.33 1,474,245 D  
Common Stock 12/01/2004   M   20,388 A $ 39.86 1,494,633 D  
Common Stock 12/01/2004   F   12,441 D $ 101.33 1,482,192 D  
Common Stock 12/01/2004   M   23,582 A $ 54.85 1,505,774 D  
Common Stock 12/01/2004   F   16,632 D $ 101.33 1,489,142 D  
Common Stock 12/01/2004   M   106,122 A $ 41.73 1,595,264 D  
Common Stock 12/01/2004   F   66,018 D $ 101.33 1,529,246 D  
Common Stock 12/01/2004   M   10,139 A $ 53.09 1,539,385 D  
Common Stock 12/01/2004   F   7,038 D $ 101.33 1,532,347 D  
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  

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) $ 47.54 12/01/2004   M     32,657 12/01/2001 03/04/2006 Common Stock 32,657 $ 0 3,430,366 D  
Employee Stock Option (right to buy) $ 101.33 12/01/2004   A   21,519   12/01/2004 03/04/2006 Common Stock 21,519 $ 0 3,451,885 D  
Common Stock $ 75.4 12/01/2004   M     107,039 12/01/2003 02/11/2008 Common Stock 107,039 $ 0 3,344,846 D  
Employee Stock Option (right to buy) $ 101.33 12/01/2004   A   89,440   12/01/2004 02/11/2008 Common Stock 89,440 $ 0 3,434,286 D  
Common Stock $ 87.72 12/01/2004   M     155,031 03/01/2004 02/10/2010 Common Stock 155,031 $ 0 3,279,255 D  
Common Stock $ 101.33 12/01/2004   A   141,653   12/01/2004 02/10/2010 Common Stock 141,653 $ 0 3,420,908 D  
Employee Stock Option (right to buy) $ 51.21 12/01/2004   M     413,332 02/07/2002 02/06/2012 Common Stock 413,332 $ 0 3,007,576 D  
Employee Stock Option (right to buy) $ 101.33 12/01/2004   A   281,977   12/01/2004 02/08/2012 Common Stock 281,977 $ 0 3,289,553 D  
Employee Stock Option (right to buy) $ 43.47 12/01/2004   M     22,022 12/01/2000 03/04/2006 Common Stock 22,022 $ 0 3,267,531 D  
Employee Stock Option (right to buy) $ 101.33 12/01/2004   A   13,943   12/01/2004 03/04/2006 Common Stock 13,943 $ 0 3,281,474 D  
Employee Stock Option (right to buy) $ 87.72 12/01/2004   M     68,796 03/01/2004 02/11/2008 Common Stock 68,796 $ 0 3,212,678 D  
Employee Stock Option (right to buy) $ 101.33 12/01/2004   A   62,860   12/01/2004 02/11/2008 Common Stock 62,860 $ 0 3,275,538 D  
Employee Stock Option (right to buy) $ 34.92 12/01/2004   M     82,668 06/04/2001 06/03/2011 Common Stock 82,668 $ 0 3,192,870 D  
Employee Stock Option (right to buy) $ 101.33 12/01/2004   A   47,858   12/01/2004 06/03/2011 Common Stock 47,858 $ 0 3,240,728 D  
Employee Stock Option (right to buy) $ 38.9 12/01/2004   M     224,030 02/01/2001 01/31/2011 Common Stock 224,030 $ 0 3,016,698 D  
Employee Stock Option (right to buy) $ 101.33 12/01/2004   A   135,348   12/01/2004 01/31/2011 Common Stock 135,348 $ 0 3,152,046 D  
Employee Stock Option (right to buy) $ 39.86 12/01/2004   M     20,388 03/01/2001 03/04/2006 Common Stock 20,388 $ 0 3,131,658 D  
Employee Stock Option (right to buy) $ 101.33 12/01/2004   A   12,441   12/01/2004 03/04/2006 Common Stock 12,441 $ 0 3,144,099 D  
Employee Stock Option (right to buy) $ 54.85 12/01/2004   M     23,582 03/01/2003 03/03/2006 Common Stock 23,582 $ 0 3,120,517 D  
Employee Stock Option (right to buy) $ 101.33 12/01/2004   A   16,632   12/01/2004 03/03/2006 Common Stock 16,632 $ 0 3,137,149 D  
Employee Stock Option (right to buy) $ 41.73 12/01/2004   M     106,122 02/11/2009 02/10/2009 Common Stock 106,122 $ 0 3,031,027 D  
Employee Stock Option (right to buy) $ 101.33 12/01/2004   A   66,018   12/01/2004 02/10/2009 Common Stock 66,108 $ 0 3,097,045 D  
Employee Stock Option (right to buy) $ 53.09 12/01/2004   M     10,139 12/01/2002 03/03/2006 Common Stock 10,139 $ 0 3,086,906 D  
Employee Stock Option (right to buy) $ 101.33 12/01/2004   A   7,038   12/01/2004 03/03/2006 Common Stock 7,038 $ 0 3,093,944 D  
Employee Stock Option (right to buy) $ 53.09 12/01/2004   M     11,869 12/01/2002 03/03/2006 Common Stock 11,869 $ 0 3,082,075 D  
Employee Stock Option (right to buy) $ 101.33 12/01/2004   A   8,239   12/01/2004 03/03/2006 Common Stock 8,239 $ 0 3,090,314 D  
Employee Stock Option (right to buy) $ 42.94 12/01/2004   M     17,978 09/01/2001 03/04/2006 Common Stock 17,978 $ 0 3,072,336 D  
Employee Stock Option (right to buy) $ 101.33 12/01/2004   A   11,322   12/01/2004 03/04/2006 Common Stock 11,322 $ 0 3,083,658 D  
Employee Stock Option (right to buy) $ 62.9 12/01/2004   M     20,221 09/01/2003 03/03/2006 Common Stock 20,221 $ 0 3,063,437 D  
Employee Stock Option (right to buy) $ 101.33 12/01/2004   A   15,294   12/01/2004 03/03/2006 Common Stock 15,294 $ 0 3,078,731 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 1 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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