BURBANK, Calif., January 4, 2005 – A general discussion with Bob Iger, president and chief operating officer, The Walt Disney Company (NYSE: DIS) will be hosted by Smith Barney Citigroup at its Fifteenth Annual Entertainment, Media and Telecommunications Conference on Tuesday, January 11, 2005, at 2:30 p.m. EST/11:30 a.m. PST. To listen to a live Web cast of the session, please point your browser to www.disney.com/investors approximately five minutes prior to the start time. A re-play will be provided through Tuesday, January 18, 2005, at 4:00 p.m. PST.