Rule 424(b)(3)
Registration No. 33-62777
PRICING SUPPLEMENT NO.: 15 dated January 8, 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 Supplment").
The Notes have the following terms (as applicable):
Rate: /X/ Fixed Rate / / Floating Rate / / Zero Coupon
/X/ Discount
Form: /X/ Book-Entry / / Definitive
Principal Amount: $200,000,000
Original Issue Price: 99.955%
CUSIP No: 25468PAQ9
Proceeds to the Company: $199,610,000
Discount or Commission to Agents: $300,000
Original Issue Discount: 0.045%
Original Issue Date: January 13, 1998
Stated Maturity: January 13, 2000
Yield to Maturity: 5.624%
Interest Rate Per Annum (for Fixed Rate Notes): 5.60%
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
July 13, 1998 and thereafter the interest
payment dates shall be the 13th day of
each January and July during the term of
the Notes (or, if 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
/ / Quarterly
/X/ Semiannually
/ / Annually
Calculation Agent: Citibank, N.A.
Plan of Distribution: Bear, Stearns & Co. Inc., Blaylock & Partners,
L.P., and The Williams Capital Group, L.P. have
acted as principals with respect to the
purchase of the Notes.
