Rule 424(b)(3)
Registration No. 33-49891
PRICING SUPPLEMENT NO. 9 dated August 9, 1994
The Walt Disney Company
Medium-Term Notes
This Pricing Supplement accompanies and supplements the
Prospectus dated August 27, 1993, as supplemented by the
Prospectus Supplement, dated September 10, 1993 (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: $45,000,000
Original Issue Price: PAR CUSIP No: 25469HBJ1
Original Issue Discount: N/A
Original Issue Date: September 6, 1994
Stated Maturity: September 6, 2009
Yield to Maturity: N/A
Earliest Redemption Date: September 6, 1996 or any Interest
Payment Date thereafter (with at least
30 days' but no more than 60 days'
prior notice)
Redemption Price: The Notes are redeemable, in whole but not in
part, at 100% of Par Amount plus accrued interest
to the Redemption Date
Interest Rate Per Annum (for Fixed Rate Notes):
The interest rate per annum payable on the Notes for each of
the periods set forth below shall be the interest rate set forth
opposite such period below:
Period -- Interest Rate Per Annum
From and including September 6, 1994 to but excluding
September 6, 1995 -- 8.000%
From and including September 6, 1995 to but excluding
September 6, 1996 -- 8.000%
From and including September 6, 1996 to but excluding
September 6, 1997 -- 8.125%
From and including September 6, 1997 to but excluding
September 6, 1998 -- 8.200%
From and including September 6, 1998 to but excluding
September 6, 1999 -- 8.250%
From and including September 6, 1999 to but excluding
September 6, 2000 -- 8.375%
From and including September 6, 2000 to but excluding
September 6, 2001 -- 8.500%
From and including September 6, 2001 to but excluding
September 6, 2002 -- 8.625%
From and including September 6, 2002 to but excluding
September 6, 2003 -- 8.750%
From and including September 6, 2003 to but excluding
September 6, 2004 -- 8.875%
From and including September 6, 2004 to but excluding
September 6, 2005 -- 9.000%
From and including September 6, 2005 to but excluding
September 6, 2006 -- 10.00%
From and including September 6, 2006 to but excluding
September 6, 2007 -- 11.00%
From and including September 6, 2007 to but excluding
September 6, 2008 -- 12.00%
From and including September 6, 2008 to but excluding
September 6, 2009 -- 13.00%
Interest Rate Provisions (for Floating Rate Notes):
Initial Interest Rate:___% per annum
Base Rate or Rates:
[ ] Commercial Paper Rate
[ ] LIBOR:
[ ] Reuters Monitor Money Rates Service
[ ] Telerate Service
[ ] Treasury Rate
[ ] Prime Rate
[ ] Federal Funds Rate
[ ] CD Rate
[ ] Other:
Spread: _____
Spread Multiplier: _____%
Index Maturity:
[ ] 1 Month
[ ] 3 Months
[ ] 6 Months
[ ] 1 Year
[ ] Other (specify) _______________________
Maximum Interest Rate: ____% per annum
Minimum Interest Rate: ____% per annum
Interest Payment Dates:
[ ] Third Wednesday of each month
[ ] Third Wednesday of each March, June,
[ ] Third Wednesday of each __________________
and _______________________
[ ] Third Wednesday of each __________________
[X] Other (specify) Semiannually on March 6 and September 6,
commencing on March 6, 1995
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:
[ ] Daily
[ ] Weekly
[ ] Monthly
[ ] Quarterly
[ ] Semiannually
[X] Annually
Interest Reset Dates:
[ ] As specified in Prospectus Supplement
[X] Other (specify) September 6 of each year
Interest Determination Date:
[ ] As specified in Prospectus Supplement
[ ] Other (specify) ____________________
Purchase of Notes at Option of Holder
Purchase Purchase
Date(s): N/A Price(s): N/A
Certain Federal Income Tax Consequences
The Notes will be treated, for Federal income tax purposes, as a
series of debt instruments issued without original issue or
acquisition discount. Accordingly, the payment of interest on
the Notes will be treated as ordinary interest income and will be
includible in income when received or accrued in accordance with
the holder's method of accounting.
Plan of Distribution
Merrill Lynch, Pierce, Fenner & Smith ("Merrill Lynch") has
agreed to purchase the Notes at a price equal to 99.30% of the
principal amount thereof. Merrill Lynch has advised The Walt
Disney Company (the "Company") that it proposes to initially
offer the Notes to the public at the public offering price of
100% of the principal amount thereof, and to certain dealers at
such price less a concession not in excess of 1.00% of the
principal amount thereof. Merrill Lynch further advised the
Company that it will receive additional income (from parties
other than the Company) that arises from a swap transaction
entered into by an affiliate in connection with the issuance of
the Notes.
