Rule 424(b)(3)
Registration No. 33-62777
PRICING SUPPLEMENT NO. 9 dated January 30, 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 "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: 25468PAJ5
Proceeds to the Company: $24,425,000
Discount or Commission to Agents: $575,000
Original Issue Discount: N/A
Original Issue Date: 2/14/97
Stated Maturity: 2/15/2012
Yield to Maturity: N/A
Earliest Redemption Date: February 15, 2001 or any Interest Payment Date
occurring in February or August 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): 7.01%
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 15th of each month commencing
March 15, 1997.
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.
