BURBANK, Calif., December 17, 2004 – The Walt Disney Company (NYSE: DIS) will announce fiscal first quarter 2005 financial results via a live Web cast beginning at 4:30 p.m. EST on Monday, January 31, 2005 (results will be released at 4:01 p.m. EST). To listen to the Web cast, point your browser to www.disney.com/investors. The discussion will be available via re-play through February 7, 2005 at 4:00 p.m. PST.