THE WALT DISNEY COMPANY EXECUTIVES TO DISCUSS FISCAL SECOND QUARTER 2006 FINANCIAL RESULTS VIA WEBCAST

BURBANK, Calif., March 20, 2006 – Senior executives of The Walt Disney Company (NYSE: DIS) will discuss fiscal second quarter 2006 financial results via a live Webcast beginning at 4:30 p.m. EDT / 1:30 p.m. PDT on Tuesday, May 9, 2006 (results are expected to be released at approximately 4:01 p.m. EDT / 1:01 p.m. PDT).

To listen to a live Webcast of the session, please point your browser to www.disney.com/investors .

The discussion will be available via re-play through May 23, 2006 at 7:00 p.m. EDT / 4:00 p.m. PDT.

Teri Klein
The Walt Dinsey Company
Investor Relations
(818) 560-6267

David Caouette
The Walt Disney Company
Corporate Communications
(818) 560-8543
Zenia Mucha
The Walt Disney Company
Corporate Communications
(818) 560-5300

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