Mike Shaw, President, Sales And Marketing, ABC Television Network, To Speak To Investors

BURBANK, Calif., April 22, 2004 – Mike Shaw, President, Sales and Marketing, ABC Television Network, will present a tutorial on upfront advertising hosted by Smith Barney at 9:30 a.m. PDT on Tuesday, April 27, 2004. His remarks will be available live via Web cast. Please point your browser to www.disney.com/investors approximately five minutes prior to the start time. A re-play will be provided through Tuesday, May 4, 2004 at 4:00 p.m. PDT.