DISNEY PROJECTS 

DISNEY'S AMERICA

A unique and historically detailed environment, DISNEY'S AMERICA is a
celebration of the diversity of America, the plurality of this nation
and the conflicts that have defined us as a people.

Within the Park's nine "territories," guests may find themselves
piloting a World War II fighter in a virtual reality experience,
participating in a harrowing Lewis and Clark river expedition through
a Native American Indian village, witnessing an authentic Civil War
re-enactment, or meeting the nation's 41 presidents through the magic
of Disney's Audio-Animatronics technology.

While offering rides and attractions for which Disney is famous,
DISNEY'S AMERICA will also be a venue for people of all ages --
especially American youth -- to debate the future of their nation and
learn about the past by living its history.

The approximately 100-acre park is scheduled to open in 1998 and will
be sited on 3,000 acres of land in Virginia. The Walt Disney Company
has options to purchase an ideal complement to visiting the
museums, monuments and national treasures in Washington, D.C.

OTHER CURRENT WDI PROJECTS

DISNEYLAND EXPANSION:  Imagineers are working on the finishing
touches of Roger Rabbit's Car Toon Spin, a kinetic, chaotic
attraction featuring Roger Rabbit and Benny the Cab opening at
Mickey's Toontown in January 1994.

The Disneyland Resort

The Disneyland Resort is a proposed new theme park and destination
resort adjacent to and including Disneyland.  WESTCOT Center will
celebrate the diverse cultures of the world, as well as the elements
that truly connect us -- our humanity, our history, our planet
and our universe.

Walt Disney World Magic Kingdom Expansion

Imagineers are nearing completion of a new Hall of Presidents
attraction.  Through the art of Audio-Animatronics, President Bill
Clinton will become the first living chief executive to "speak" to
park guests.

Imagineering has begun the process of transforming Tomorrowland to
reflect the future as imagined by machine-age visionaries -- a
galactic, science-fiction-inspired community inhabited by human
beings, aliens and robots.

Alien Encounter, the chilling centerpiece of this fantastic
metropolis, debuts in 1996 and will introduce guests to the marvels
and terrifying consequences of interplanetary teleportation.

EPCOT CENTER EXPANSION

Imagineers are working on new designs to update and add to such EPCOT
Center pavilions as The Land, Journey into Imagination, Spaceship
Earth, Universe of Energy and a major new re-development of
CommuniCore.  They are also in the early stages of developme nt of a
new thrill ride for World Showcase.

Disney-MGM Studios Theme Park Expansion:  The size of the enormously
successful Disney-MGM Studios Theme Park will grow considerably in
1994 with the unveiling of Sunset Boulevard, including restaurants,
shops and The Twilight Zone Tower of Terror, an attraction within the
haunted halls of a venerable Hollywood hotel.

WALT DISNEY WORLD RESORT EXPANSION

Imagineers have begun design work on a third water park, Blizzard
Beach.  Scheduled to open mid-decade, Blizzard Beach is themed to an
American ski resort experiencing a "meltdown" of gushing
proportions.

Euro DisneyLAND Expansion:  In 1994, Imagineers will complete Les
Mystres du Nautilusin Discoveryland, a self-guided walking tour of
the Nautilus submarine from "20,000 Leagues Under the Sea;" Casey Jr.
Le Petit Train du Cirque in Fantasyland, a tenacious little circus
train traveling through charming miniature scenes; and another
Fantasyland attraction inspired by the Disneyland Storybook Land
Canal Boats.

By mid-decade, Imagineering will also complete a major attraction,
Discovery Mountain, inspired by Jules Verne's From the Earth to the
Moon.  A huge cannon will catapult guests to the far reaches of
space, where they'll rocket through high-speed curves and
gravity-defying loops inside Discovery Mountain.