Judy Estrin, Director, The Walt Disney Company To Speak To Investors

BURBANK, Calif., Mar. 19, 2004 – Judy Estrin, president and chief executive office of Packet Design, LLC, and a member of The Walt Disney Company (NYSE: DIS) Board of Directors, will speak to investors at the Council of Institutional Investors’ Spring Meeting 2004 on Thurs., March 25 at 4:30 p.m. EST. Her comments will be available live via Web cast. Please point your browser to www.disney.com/investors. A re-play will be provided through April 1, 2004 at 5:00 p.m. PST.