Rule 424(b)(3)
Registration No. 33-62777
PRICING SUPPLEMENT NO. 16 dated January 9, 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: $350,000,000
Original Issue Price: 100%
CUSIP No: 25468PAR7
Proceeds to the Company: $350,000,000
Discount or Commission to Agents: N/A
Original Issue Discount: N/A
Original Issue Date: January 14, 1998
Stated Maturity: February 10, 1999
Yield to Maturity: N/A
Interest Rate Provisions (for Floating Rate Notes):
Base Rate or Rates:
Commercial Paper Rate
/ / LIBOR:
/ / Reuters Monitor Money Rates Service
/ / Dow Jones Telerate Service
/ / Index Currency
/ / Treasury Rate
/X/ 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 2.885%
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 will be
February 10, 1998 and thereafter the
interest payment dates will be May 10,
1998, August 10, 1998, November 10, 1998
and February 10, 1999 (or, if such day 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:
/X/ Daily
/ / Weekly
/ / Monthly
/ / Quarterly
/ / Semiannually
/ / Annually
Interest Reset Dates:
/ / As specified in Prospectus Supplement
/X/ Other (specify) Daily except that the Business Day prior to
each Interest Payment Date will not be an
Interest Reset Date.
Interest Determination Date:
/ / As specified in Prospectus Supplement
/X/ Other (specify) Same as Interest Reset Date.
Calculation Agent: Citibank, N.A.
Plan of Distribution: Chase Securities Inc. has acted as principal
with respect to the purchase of the Notes.
