Rule 424(b)(3)
                                        Registration No. 333-52659



PRICING SUPPLEMENT NO.   16   dated     March 30, 2000



                      THE WALT DISNEY COMPANY


                         Medium-Term Notes


This Pricing Supplement accompanies and supplements the Prospectus
dated August 6, 1998, as supplemented by the Prospectus Supplement,
dated August 6, 1998 (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:   25468PBM7

Proceeds to the Company:  $25,000,000

Discount or Commission to Agents:   0

Original Issue Discount:            N/A

Original Issue Date:       April 13, 2000

Stated Maturity:           April 13, 2007

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 April 13, 2002, and on the
                            13th day of each October and April
                            thereafter.

Redemption Price:   100% of the principal amount of the Notes

Interest Rate Per Annum (for Fixed Rate Notes):      7.45%

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 May 13, 2000 and thereafter the
                            Interest Payment Dates shall be the
                            13th 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:  Merrill Lynch, Pierce, Fenner & Smith
                       Incorporated has acted as principal with
                       respect to the purchase of the Notes.