BURBANK, Calif., September 2, 2004 – A general discussion with Tom Staggs, Senior Executive Vice President, The Walt Disney Company (NYSE: DIS) will be hosted by Rich Bilotti via video conference call at the Morgan Stanley 9th Annual Media and Communications Conference on Wednesday September 8, 2004 from 12:30 p.m. – 1:00 p.m. EDT/9:30 a.m. – 10:00 a.m. PDT. To listen to a live Webcast of the session, please point your browser to www.disney.com/investors approximately five minutes prior to the start time. A re-play will be provided through Wednesday, September 15, 2004 at 4:00 p.m. PDT.