Rule 424(b)(3)
Registration No. 33-62777
PRICING SUPPLEMENT NO. 8 dated October 18, 1996
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 "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: $25,000,000
Original Issue Price: Varying prices related to prevailing
market prices.
CUSIP No: 25468PAH9
Proceeds to the Company: $24,437,500
Discount or Commission to Agents: $562,500
Original Issue Discount: N/A
Original Issue Date: 10/25/96
Stated Maturity: 10/25/2011
Yield to Maturity: N/A
Earliest Redemption Date: October 25, 2000 or any Interest
Payment Date occurring in April or
October thereafter up to but not
including the Maturity Date (with at
least 30 calendar days' 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): Monthly on the 25th of each month
commencing November 25, 1996.
Regular Record Dates:
/X/ Fifteenth day (whether or not a Business Day)
immediately preceding the related Interest
Payment Date
/ / Other (specify)
Interest Payment Period:
/X/ Monthly
/ / Quarterly
/ / Semiannually
/ / Annually
Calculation Agent: Citibank, N.A.
Plan of Distribution:
Merrill Lynch, Pierce, Fenner & Smith Incorporated has acted
as principal with respect to the purchase of the Notes.
