FOR IMMEDIATE RELEASE For Information, Contact:

Michelle Nino

Director, Corp. Communications

Activision, Inc.

(310) 255-2508

mnino@activision.com

ACTIVISION BRINGS REMOTE-CONTROLLED RACING ACTION TO THE PLAYSTATION GAME CONSOLE, NINTENDO GAME BOY COLOR IN DISNEY/PIXAR'S TOY STORY RACER

Santa Monica, CA - March 2, 2001 - The toys from Disney's Toy Story animated feature film are continuing their adventures on the small screen in Disney/Pixar's Toy Story Racer for the PlayStation® game console and Nintendo® Game Boy® Color from Disney Interactive, Pixar Animation Studios (Nasdaq: PIXR) and Activision, Inc. (Nasdaq: ATVI). The video games are rated "E" by the ESRB and are available for a suggested retail price of $39.99 (PlayStation game console) and $29.99 (Game Boy Color).

"Disney/Pixar's Toy Story Racer brings audiences a whole new adventure with the unforgettable stars of Disney's Toy Story," said Larry Goldberg, executive vice president, Activision Worldwide Studios. "Fun and fast-paced, the game promises hours of entertainment for the whole family."

A zany remote controlled racing adventure game, Disney/Pixar's Toy Story Racer lets players rev it up as one of 12 characters from Disney's Toy Story, including Buzz Lightyear, Woody and Hamm, each with a unique vehicle and signature driving style. In the game, players revisit some of their favorite environments from Disney's Toy Story with 18 tracks and surprise pick-ups.

Veteran gamers, as well as neophytes, will find Disney/Pixar's Toy Story Racer both challenging and accessible. The game's intuitive artificial intelligence (AI) "learns" from each player's performance and adjusts to his or her skill level on the fly. Additionally, unique character-specific challenges open up hidden characters and quests, allowing the game to unfold like a storybook. Disney/Pixar's Toy Story Racer features more than 150 character challenges including racing, chasing and stunt driving for hours of family fun.

About Disney Interactive

Disney Interactive, part of the Disney Consumer Products division of The Walt Disney Company, develops, markets and globally distributes a wide variety of interactive entertainment, educational and sports CD-ROMs and video games. For more information on Disney Interactive's products, visit www.disneyinteractive.com.

About Pixar Animation Studios 

Pixar Animation Studios (Nasdaq: PIXR) combines creative and technical artistry to create original characters and stories in the medium of computer animation. Under its partnership with Disney, Pixar has created and produced the first computer-animated feature film, the Academy Award®-winning Toy Story, released in 1995; A Bug's Life, the highest grossing animated film released in 1998; and Golden Globe-winner Toy Story 2, the highest grossing animated film released in 1999. The Northern California studio is currently in production on Monsters, Inc., scheduled for a November 2001 release, and Finding Nemo, scheduled for a summer 2003 release.

About Activision

Headquartered in Santa Monica, California, Activision, Inc. is a leading worldwide developer, publisher and distributor of interactive entertainment and leisure products. Founded in 1979, Activision posted revenues of $572 million for the fiscal year ended March 31, 2000.

Activision maintains operations in the US, Canada, the United Kingdom, France, Germany, Japan, Australia, and the Netherlands. More information about Activision and its products can be found on the company's World Wide Web site, which is located at http://www.activision.com.

The statements contained in this release that are not historical facts are "forward-looking statements." The Company cautions readers of this press release that a number of important factors could cause Activision's actual future results to differ materially from those expressed in any such forward-looking statements. These important factors, and other factors that could affect Activision, are described in Activision's Annual Report on Form 10-K for the fiscal year ended March 31, 2000, which was filed with the United States Securities and Exchange Commission. Readers of this press release are referred to such filings.

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