X0202 4 2008-03-31 0001001039 WALT DISNEY CO/ DIS 0001180787 PEPPER JOHN E 233 OLIVER ROAD CINCINNATI OH 45215 1 Disney Common Stock 2008-03-31 4 A 0 4186.2 31.5 A 31527.77 D Disney Common Stock 150 I By Custodian For Child Stock units credited to the reporting person's account under The Walt Disney Company's Amended and Restated 1997 Non-Employee Directors Stock and Deferred Compensation Plan (or the 2005 Stock Incentive Plan, as successor plan thereto) as a quarterly grant pursuant to a compensation arrangement for the reporting person with respect to his position as Chairman of the Board. The total also reflects an adjustment crediting the amount to include dividends accrued pursuant to a dividend reinvestment plan of the Company and a deduction for cash paid in lieu of fractional shares when stock units are converted to shares. Joseph M. Santaniello (POA on file) 2008-04-02