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      <DD><B><FONT FACE="Arial">Statements, and Reports</FONT></B>
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      <LI><A HREF="cad.html">California Adventure</A>
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    <P><A HREF="disneyland_timeline/dl_timeline05.html">Go Back to
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    <P><CENTER><B><FONT FACE="Arial">Disneyland Resort plans expansion
    with second park, 'Disney's California Adventure,' in Anaheim,
    California, in 2001 <BR>
    Proposed Expansion Includes Deluxe Hotel, Retail and Entertainment</FONT></B></CENTER></P>

    <P>ANAHEIM, CA. -- JULY 17, 1996 -- The allure of California's
    climate, beauty and lifestyle is the genesis for the $1.4-billion
    proposed expansion of The Disneyland Resort, it was announced
    today, on the 41st birthday of Disneyland, by its president,
    Paul Pressler. The Resort's centerpiece is a new theme park called
    &quot;Disney's California Adventure.&quot; The expansion of The
    Disneyland Resort will include an entertainment center with shopping,
    theaters and dining, as well as a deluxe hotel.</P>

    <P>Located on 55 acres of the existing parking area, just south
    of the Disneyland main entrance, &quot;Disney's California Adventure&quot;
    celebrates the fun and diversity of California. From the glamour
    of Hollywood to the exhilaration of soaring above Yosemite Valley
    to a California gleaming beach-front boardwalk, the new theme
    park will capture California's &quot;Golden State of Mind.&quot;</P>

    <P>The park's attractions will thrill guests with all the entertainment
    magic the world has come to expect from Disney theme parks. Among
    the experiences within &quot;Disney's California Adventure,&quot;
    guests will find an action-packed studio district featuring rides
    and attractions that transport guests to the Hollywood of their
    imaginations. One attraction will take guests behind the scenes
    in a one-of-a-kind television studio, where they will become
    both the stars and the audience. In a new Disney animation experience
    (left), guests will enjoy an up-close and personal look at Disney's
    most treasured and admired art form, including a hands-on opportunity
    to make their own cartoon magic.</P>

    <P>Another district of the park will pay tribute to the distinctly
    California images of palm-lined boardwalks and sunsets over the
    Pacific. On this nostalgic boardwalk, California's beach culture
    will come alive with classic rides -- each given a unique Disney
    twist -- street artists, musicians and all the fun of a perfect
    day at the beach.</P>

    <P>California's spectacular beauty and the inventive spirit of
    its people provides the inspiration for another unique area of
    the park. Here, guests will &quot;soar&quot; in hang gliders
    over California's scenic wonders and feel the wind in their faces
    as they view some of the state's most picturesque locales from
    a new perspective. Adventurous guests can explore forests, deserts
    and subterranean caverns, and take a white water &quot;rafting&quot;
    expedition through the undiscovered Golden State (right).</P>

    <P>&quot;The creative concept for 'Disney's California Adventure'
    is to celebrate the special magic of the California dream,&quot;
    commented Barry Braverman, executive producer, Walt Disney Imagineering,
    and creative director of the project. &quot;Our goal is to immerse
    guests in compelling stories, evocative places and fantastic
    adventures that will bring the California dream to life.&quot;</P>

    <P>&quot;During Disneyland's opening ceremony in 1955, Walt Disney
    declared that 'Disneyland will never be complete as long as there
    is imagination left in the world,&quot;' noted Pressler. &quot;This
    is the single largest expansion in our 41-year history. Today,
    we confirm our commitment to Walt's dream.&quot;</P>

    <P>The first phase of the expansion plans will include a new
    deluxe 750-room hotel called &quot;The Grand Californian,&quot;
    to be located directly inside &quot;Disney's California Adventure&quot;
    (left).This hotel will reflect a residential style, reminiscent
    of Craftsman architecture which will provide a resort experience
    unlike anywhere in the world. The hotel will have a complex of
    swimming pools, banquet and meeting rooms, and a wedding chapel.
    When &quot;The Grand Californian&quot; opens, The Disneyland
    Resort's hotel district will have a total of 2,300 guest rooms,
    including the existing Disneyland Hotel and The Disneyland Pacific
    Hotel.</P>

    <P>At the heart of The Disneyland Resort, will be The Disneyland
    Center, a public esplanade of highly themed retail, dining, and
    entertainment experiences all within walking distance for guests,
    conventioneers and residents. The Disneyland Center will connect
    the two theme parks -- &quot;Disney's California Adventure&quot;
    and Disneyland -- together with The Resort hotels, thereby becoming
    a new &quot;Main Street&quot; for the Anaheim Resort.</P>

    <P>&quot;We believe that 'Disney's California Adventure' and
    the new Disneyland Resort will set the stage for Anaheim and
    Southern California tourism well into the 21st century,&quot;
    Pressler concluded.</P>

    <P>Construction will begin in early 1997. The Disneyland Resort
    expansion is scheduled to be completed by the year 2001.</P>

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