Rule 424(b)(3)
Registration No. 33-62777
PRICING SUPPLEMENT NO. 17 dated January 26, 1998
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: / / Fixed Rate /X/ Floating Rate / / Zero Coupon
/ / Discount
Form: /X/ Book-Entry / / Definitive
Principal Amount: $150,000,000
Original Issue Price: 99.9937%
CUSIP No: 25468PAS5
Proceeds to the Company: $149,990,550
Discount or Commission to Agents: N/A
Original Issue Discount: 0.0063%
Original Issue Date: January 29, 1998
Stated Maturity: February 26, 1999
Yield to Maturity: N/A
Interest Rate Provisions (for Floating Rate Notes):
Initial Interest Rate: 5.455% per annum
Base Rate or Rates:
Commercial Paper Rate
/X/ LIBOR:
/ / Reuters Monitor Money Rates Service
/X/ Dow Jones Telerate Service
/ / Index Currency
/ / Treasury Rate
/ / Prime Rate
/ / Federal Funds Rate
/ / CD Rate
/ / CMT Rate
/ / Dow Jones Telerate Page 7055
/ / Dow Jones Telerate Page 7052
/ / Week
/ / Month
/ / CMT Maturity Index:
/ / Other:
Spread: Minus 0.17%
Index Maturity:
/ / 1 Month
/X/ 3 Months
/ / 6 Months
/ / 1 Year
/ / Other (specify)
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 first Interest Payment Date shall be
April 26, 1998 and thereafter the Interest
Payment Dates shall be July 26, 1998,
October 26, 1998, January 26, 1999 and at
maturity on February 26, 1999 (or, if any
such date is not a Business Day, the next
Business Day).
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
/X/ Quarterly
/ / Semiannually
/ / Annually
Interest Reset Period:
/ / Daily
/ / Weekly
/ / Monthly
/X/ Quarterly
/ / Semiannually
/ / Annually
Interest Reset Dates:
/ / As specified in Prospectus Supplement
/X/ Other (specify) Same as Interest Payment Dates (see above)
Interest Determination Date:
/X/ As specified in Prospectus Supplement
/ / Other (specify) __________
Calculation Agent: Citibank, N.A.
Plan of Distribution: Credit Suisse First Boston Corporation has acted as
principal with respect to the purchase of the Notes.
