Rule 424(b)(3)
Registration No.33-62777
PRICING SUPPLEMENT NO.: 11 dated: July 17, 1997
THE WALT DISNEY COMPANY
Medium-Term Notes
This Pricing Supplement accompanies and supplements the Prospectus dated
March 7, 1996, as supplemented by the Prospectus Supplement, dated
March 7, 1996.
The Notes have the following terms (as applicable):
Rate: X Fixed Rate Floating Rate Zero Coupon Discount
Form: X Book-Entry Definitive
Principal Amount: $25,000,000
Original Issue Price: Varying prices related to prevailing market prices
CUSIP No: 25468PAL0
Proceeds to the Company: $24,912,500
Discount or Commission to Agents: $87,500
Original Issue Discount: N/A
Original Issue Date: 8/15/97
Stated Maturity: 8/15/2012
Yield to Maturity: N/A
Earliest Redemption Date: August 15, 2000 and on the 15th day of each month
thereafter up to but not including the Maturity
Date (with at least 30 but no more than 60
calendar days' prior notice).
Redemption Price: The Notes are redeemable, in whole but not in
part, at 100% of principal amount plus accrued
interest to the Redemption Date.
Interest Rate Per Annum (for Fixed Rate Notes): 7.00%
Interest Payment Dates:
Third Wednesday of each month
Third Wednesday of each March, June, September and December
Third Wednesday of each _______________ and _________________
Third Wednesday of each ________________
X Other (specify) Semiannually on each August 15th and February 15th,
commencing on February 15, 1998
Regular Record Dates:
X Fifteenth day (whether or not a Business Day)
immediately preceding the related Interest
Payment Date
Other (specify)__________________________
Interest Payment Period:
Monthly
Quarterly
X Semiannually
Annually
Calculation Agent: Citibank, N.A.
Plan of Distribution: Bear, Stearns & Co. Inc. has acted as principal with
respect to the purchase of the Notes.
