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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 LMx5+J4APkmoAJ6/jmfwX0Iyg/yq2GpMiyHWa6KiIHmTPnkwfHUVU/S/CjU2dsi1
 krlKQWgznKiX60lOalbGNw==

<SEC-DOCUMENT>0001001039-98-000017.txt : 19980505
<SEC-HEADER>0001001039-98-000017.hdr.sgml : 19980505
ACCESSION NUMBER:		0001001039-98-000017
CONFORMED SUBMISSION TYPE:	424B3
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		19980504
SROS:			NYSE
SROS:			PCX

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:		98609411

	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:		98609412

	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.   20   dated     April 30, 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:    /X/ Fixed Rate   / / Floating Rate   / / Zero Coupon
         / / Discount

Form:    /X/ Book-Entry   / / Definitive

Principal Amount:         $175,000,000

Original Issue Price:     100%

CUSIP No:   25468PAV8

Proceeds to the Company:   $175,000,000

Discount or Commission to Agents:   N/A

Original Issue Discount:   N/A

Original Issue Date:       May 5, 1998

Stated Maturity:           May 5, 2000

Yield to Maturity:         N/A

Earliest Redemption Date:  N/A

Redemption Price:          N/A

Interest Rate Per Annum (for Fixed Rate Notes):      5.830%

Interest Rate Provisions (for Floating Rate Notes):  N/A

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
                           November 5, 1998 and thereafter the
                           Interest Payment Dates shall be May 5th
                           and November 5th of each year.

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:  Chase Securities Inc. has acted as principal
                       with respect to the purchase of the Notes.


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