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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0001001039-98-000003.txt : 19980114
<SEC-HEADER>0001001039-98-000003.hdr.sgml : 19980114
ACCESSION NUMBER:		0001001039-98-000003
CONFORMED SUBMISSION TYPE:	424B3
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		19980113
SROS:			NYSE
SROS:			PSE

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			WALT DISNEY CO/
		CENTRAL INDEX KEY:			0001001039
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-MISCELLANEOUS AMUSEMENT & RECREATION [7990]
		IRS NUMBER:				954545390
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		424B3
		SEC ACT:		
		SEC FILE NUMBER:	033-62777-01
		FILM NUMBER:		98505771

	BUSINESS ADDRESS:	
		STREET 1:		500 SOUTH BUENA VISTA ST
		CITY:			BURBANK
		STATE:			CA
		ZIP:			91521
		BUSINESS PHONE:		8185601000

	MAIL ADDRESS:	
		STREET 1:		500 SOUTH BUENA VISTA ST
		CITY:			BURBANK
		STATE:			CA
		ZIP:			91521

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	DC HOLDCO INC
		DATE OF NAME CHANGE:	19950918

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			DISNEY ENTERPRISES INC
		CENTRAL INDEX KEY:			0000029082
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-MOTION PICTURE & VIDEO TAPE PRODUCTION [7812]
		IRS NUMBER:				950684440
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		424B3
		SEC ACT:		
		SEC FILE NUMBER:	033-62777
		FILM NUMBER:		98505772

	BUSINESS ADDRESS:	
		STREET 1:		500 S BUENA VISTA ST
		CITY:			BURBANK
		STATE:			CA
		ZIP:			91521-6205
		BUSINESS PHONE:		8185697903

	MAIL ADDRESS:	
		STREET 1:		500 SOUTH BUENA VISTA STREET
		CITY:			BURBANK
		STATE:			CA
		ZIP:			91521-

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	DISNEY WALT CO
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	DISNEY WALT PRODUCTIONS
		DATE OF NAME CHANGE:	19860221
</SEC-HEADER>
<DOCUMENT>
<TYPE>424B3
<SEQUENCE>1
<DESCRIPTION>424B3
<TEXT>

                                             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.


</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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