EXHIBIT 23.3


                     [Bear, Stearns & Co. Inc. Letterhead]


                      Consent of Bear, Stearns & Co. Inc.


We hereby consent to the inclusion in the Joint Prospectus/Proxy Solicitation 
Statement forming part of this Registration Statement on Form S-4 of The Walt 
Disney Company and Capital Cities / ABC, Inc. of our opinion attached as 
Appendix C thereto and to the reference to such opinion and to our firm therein.
In giving such consent, we do not admit that we come within the category of 
persons whose consent is required under Section 7 of the Securities Act of 1933 
and the rules and regulations of the Securities and Exchange Commission issued 
thereunder.

                                        Bear, Stearns & Co. Inc.


                                        By: /S/ David H. Glaser
                                            -------------------------------
                                            Managing Director




Dated: November 13, 1995