| Rule 424(b)(3) Registration No. 333-67870 |
PRICING SUPPLEMENT NO.: 1 dated January 14, 2001
THE WALT DISNEY COMPANY
Medium-Term Notes, Series B
This Pricing Supplement accompanies and supplements the Prospectus dated August 23, 2001, as supplemented by the Prospectus Supplement, dated September 24, 2001 (the "Prospectus Supplement").
The Notes have the following terms (as applicable):
| Rate: | /x/ Fixed Rate | / / Floating Rate | / / Zero Coupon | / / Discount | ||||
| Form: | /x/ Book-Entry | / / Definitive |
Principal Amount:$25,000,000
Original Issue Price:Variable price re-offer
CUSIP No:25468PBV7
Proceeds to the Company:$25,000,000
Discount or Commission to Agents:0
Original Issue Discount:N/A
Original Issue Date:January 25, 2002
Stated Maturity:January 25, 2022
Yield to Maturity:N/A
Initial Maturity (for Renewable Notes):N/A
Final Maturity (for Renewable Notes):N/A
| Earliest Redemption Date: | The Notes may be redeemed, in whole but not in part, at Disney's option, subject to at least 30 calendar days' but no more than 60 calendar days' notice, on January 25, 2006 and on the 25th day of each month thereafter. |
Redemption Price:100% of the principal amount of the Notes
1
Interest Rate Per Annum (for Fixed Rate Notes):6.3%
| Interest Payment Dates: | ||
| / / | Third Wednesday of each month | |
| / / | Third Wednesday of each March, June, September and December | |
| / / | Third Wednesday of each and | |
| / / | Third Wednesday of each | |
| /x/ | Other (specify)The first Interest Payment Date shall be February 25, 2002 and thereafter the Interest Payment Dates shall be the 25th day of each month during the term of the Notes. | |
Regular Record Dates: | ||
| /x/ | Fifteenth day (whether or not a Business Day) immediately preceding the related Interest Payment Date | |
| / / | Other (specify) | |
Interest Payment Period: | ||
| /x/ | Monthly | |
| / / | Quarterly | |
| / / | Semiannually | |
| / / | Annually | |
Interest Reset Period:N/A | ||
| / / | Daily | |
| / / | Weekly | |
| / / | Monthly | |
| / / | Quarterly | |
| / / | Semiannually | |
| / / | Annually | |
Interest Reset Dates:N/A | ||
| / / | As specified in Prospectus Supplement | |
| / / | Other (specify) | |
Interest Determination Date:N/A | ||
| / / | As specified in Prospectus Supplement | |
| / / | Other (specify) | |
Purchase of Notes at Option of Holder:N/A | ||||
| Purchase | Purchase | |||
| Date(s): | Price(s): | |||
Calculation Agent:N/A
Plan of Distribution:Bear, Stearns & Co. Inc. has acted as principal with respect to the purchase of the Notes.
2
