Rule 424(b)(3)
Registration No. 333-52659
PRICING SUPPLEMENT NO. 7 dated February 5, 1999
THE WALT DISNEY COMPANY
Medium-Term Notes
This Pricing Supplement accompanies and supplements the Prospectus
dated August 6, 1998, as supplemented by the Prospectus Supplement,
dated August 6, 1998 (the "Prospectus Supplement").
The Notes have the following terms (as applicable):
Rate: /X/ Fixed Rate / / Floating Rate / / Zero Coupon
/ / Discount
Form: /X/ Book-Entry / / Definitive
Principal Amount: $78,000,000
Original Issue Price: 109.133%
CUSIP No: 25468PBC9
Proceeds to the Company: $85,123,740
Discount or Commission to Agents: N/A
Original Issue Discount: N/A
Original Issue Date: February 10, 1999
Stated Maturity: March 10, 2000
Yield to Maturity: 4.7604%
Initial Maturity (for Renewable Notes): N/A
Final Maturity (for Renewable Notes): N/A
Earliest Redemption Date: N/A
Redemption Price: N/A
Interest Rate Per Annum (for Fixed Rate Notes): 13.5%
Interest Rate Provisions (for Floating Rate Notes): N/A
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): The Interest Payment Dates will be
August 10, 1999, February 10, 2000
and March 10, 2000.
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
Interest Reset Period: N/A
/ / Daily
/ / Weekly
/ / Monthly
/ / Quarterly
/ / Semiannually
/ / Annually
Interest Reset Dates: N/A
/ / As specified in Prospectus Supplement
/ / Other (specify) ______
Interest Determination Date: N/A
/ / As specified in Prospectus Supplement
/ / Other (specify) ______
Purchase of Notes at Option of Holder: N/A
Purchase ______ Purchase ______
Date(s): ______ Price(s): ______
Calculation Agent: N/A
Plan of Distribution: Lehman Brothers Inc. has acted as agent for
the Company in connection with the sale of
the Notes.
