BURBANK, Calif., June 21, 2004 – A question and answer session with representatives of The Walt Disney Company (NYSE: DIS) will be hosted by Doug Mitchelson of Deutsche Bank Securities on Thursday June 24, 2004. There will be two sessions, one from 1:45- 2:30 p.m. EDT and the second from 5:00-7:15 p.m. EDT. Scheduled participants include Michael Eisner, chief executive officer; Bob Iger, president and chief operating officer; Tom Staggs, senior executive vice president and chief financial officer; Jay Rasulo, president, Walt Disney Parks and Resorts; Jim Hunt, executive vice president and chief financial officer, Walt Disney Parks and Resorts; and Steve Wadsworth, president, Walt Disney Internet Group. Their comments and responses will be available live via Webcast. Please point your browser to www.disney.com/investors approximately five minutes prior to the start time. A re-play will be provided through Thursday, July 1, 2004 at 4:00 p.m. PDT.