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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
 Mqwj2saNgcn4epWeDLi6lkWT7QyBEcj0pC1EZeiS5MQ8D2vQ+Y++BolIebtuhLml
 M5MtXu0WeZiJniGffWrbfg==

<SEC-DOCUMENT>0001001039-98-000001.txt : 19980113
<SEC-HEADER>0001001039-98-000001.hdr.sgml : 19980113
ACCESSION NUMBER:		0001001039-98-000001
CONFORMED SUBMISSION TYPE:	424B3
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		19980112
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:		98504820

	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:		98504821

	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.:   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.


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