News release

Disney Online and Compaq Computer Corporation Unveil the All-New "Mission: Space Launch Center" Exhibit at INNOVENTIONS at Walt Disney World's Epcot^®

Disney Online, a business unit of Walt Disney Internet Group, and Compaq Computer Corporation (NYSE: CPQ) today unveiled an all-new high-tech exhibit at Disney's Internet Zone at INNOVENTIONS at Walt Disney World's Epcot^®. Disney's Internet Zone will feature the Mission: SPACE Launch Center exhibit, presented by Compaq. The experience is a precursor to the Mission: SPACE attraction, which will also be sponsored by Compaq and is scheduled to open in 2003. Disney's Internet Zone provides a fun, family-oriented experience where guests can interact with new technology and Internet focused products. At INNOVENTIONS, Disney guests can experience the near future while they test and try products that are leading our world through the new millennium.

"In keeping with Walt Disney's legacy as an entertainment pioneer, we have created a technology playground for our guests at Disney's Internet Zone," said Ken Goldstein, executive vice president and managing director, Disney Online. "Our relationship with Compaq coupled with our engaging content has allowed us to offer exciting interactive entertainment at an attraction at a theme park that is dedicated to creativity, inventiveness and imagination."

"The Disney Internet Zone presented a fun opportunity for us to use our innovative technology expertise to create an advanced, interactive entertainment experience," said Peter Blackmore, executive vice president, worldwide sales and services, Compaq Computer Corporation. "And we look forward to the many more projects that Compaq and Disney have planned for the future."

The Mission: SPACE Launch Center features several elements that touch on the excitement and challenges of training for space travel, including an interactive timeline, a Hubble space telescope display, a multi-player maze game that lets guests guide a hovercraft around a planet, the Hab Lab, which recreates a gravity-free environment, and a model of the X-2 experimental rocket. Disney.com will produce an original Web site with multi-player activities to accompany the Mission: SPACE Launch Center, which is scheduled to be live later this year.

Also at INNOVENTIONS, Disney's I-ZONE features kiosks offering guests interactive and engaging activities, including:

• Mouse House Jr.- created especially for kids aged 3-6. Here kids use visual cues to interact with games that test concentration and encourage creativity in an environment filled with fun and discovery.
• The Toy Lab- provides families a fascinating and compelling introduction to the latest Internet games and digital toys available on the Web.
• Toon Tag- a simulated multi-player game played over the Internet that allows each player to control his/her own computer generated Disney character as they play an interactive game of tag.
• Video D-Mail- allows guests to create a personalized video e-mail to send to their friends and families at home.

In November 2000, Walt Disney Internet Group and Compaq Computer Corp. announced a three-year agreement naming Compaq as the preferred technology provider to the Walt Disney Internet Group and partner in delivering the Disney "magic" online. The agreement represented a substantial commitment by Compaq to advertise on Walt Disney Internet Group Web sites and a significant purchase of Compaq hardware and technology services by Walt Disney Internet Group. The deal also includes distribution of Walt Disney Internet Group content on Compaq consumer products.

Walt Disney Internet Group is one of five business units of The Walt Disney Company and manages many of the most popular Web sites and services, including Disney.com, the number one Web site for kids and families; ESPN.com, the leading sports site; ABC.com, the leading broadcast network site; and ABCNEWS.com, one of the leading news sites. Additional properties include Family.com, Mr.Showbiz, Movies.com, Wall of Sound, DisneyAuctions.com, DisneyStore.com, DisneyVacations.com, Soccernet.com and NFL.com. Walt Disney Internet Group also produces Enhanced TV telecasts in conjunction with select ABC Television and ESPN programming and includes the catalog operations of The Walt Disney Company and 19 Disney-branded international properties. Steve Wadsworth is the president of Walt Disney Internet Group, which is headquartered in North Hollywood, CA, and has operations in Bristol, CT; Seattle; New York; Tokyo; and London.

About INNOVENTIONS

Located in the heart of Epcot^®, INNOVENTIONS continuously transforms itself to represent the ever-changing world of technology. Here, we celebrate the breakthroughs in science and technology that inspire us in the new millennium--everything from exploratory medicine, to personal global communications, to the ultimate in home entertainment. At INNOVENTIONS, guests are entertained while they discover tomorrow's technology today through hands-on experiences that activate the imagination and renew our hope for a better tomorrow.

About Epcot

Where can you travel to four continents, explore land and sea adventures, experience future technologies today and journey into your imagination--all in one vacation? Epcot, Walt Disney World's celebration of human achievement and discovery, is a one-stop vacation spot for all of that.

At Epcot, guests are instantly transported into two unique worlds: Future World, a high-energy, high-tech land where guests interact with exhibits; World Showcase, a world of international flavor and a dazzling display of countries that transports guests through the magical worlds of 11 nations with just a few steps.