Michael Eisner, Disney Chairman And CEO, To Speak At Smith Barney Entertainment, Media And Telecommunications Conference

BURBANK, Calif., Dec. 30, 2003 – Michael Eisner, chairman and CEO of The Walt Disney Company (NYSE: DIS), will appear at the 14th Annual Smith Barney Citigroup Entertainment, Media and Telecommunications Conference at 2:30 PM EST on Tuesday, January 6, 2004. His remarks will be available live via Webcast. Please point your browser towww.disney.com/investors approximately five minutes prior to the start time. A replay will be provided through Tuesday, January 13, 2004 at 5:00 PM PST on the same website.