Bob Iger, Disney President And Chief Operating Officer And CEO-Elect, To Speak At The Deutsche Bank Media / Telecom Conference

BURBANK, Calif., May 31, 2005 – A general discussion with Bob Iger, Disney President and Chief Operating Officer and CEO-Elect will be hosted by Deutsche Bank at its 13th Annual Media/Telecom Conference on Tuesday, June 7, 2005, at 4:00 p.m. EDT/1:00 p.m. PDT.

To listen to the Webcast, point your browser www.disney.com/investors approximately five minutes prior to the start time. A re-play will be provided through Tuesday, June 14, 2005, at 4:00 p.m. PDT.