From www.wdwinfo.com

$399 Premium Annual Passes for DVC Members
Sep 12, 2012

Members of the Disney Vacation Club (DVC) timeshare program will be the recipients of a great new perk beginning October 1. On a video posted on the DVC website this morning, Senior Vice President and General Manager, Claire Bilby, announced a new discount available from October 1 to December 31, 2012. For just $399, DVC members can purchase a Walt Disney World Premium Annual Pass. The normal price of these passes is $699, so that's a savings of $300 (DVC members normally pay $559 for a Premium Annual Pass, so it's still a substantial savings). A Premium Annual Pass allows access to all four theme parks, plus both water parks, Disney Quest Indoor Interactive Theme Park, ESPN Wide World of Sports Complex, Disney's Oak Trail Golf Course and free parking.

Passes aren't activated until they have been used for the first time, so take advantage of this deal while it's being offered even if your current annual pass hasn't expired. For DVC members to renew a regular annual pass, it is $385, so for $14 more, you would get the extra benefits a premium annual pass offers over a regular annual pass. DVC members have until December 31, 2013 to activate these passes.

After October 1, DVC members will also get 10% off merchandise at Walt Disney World, Disneyland, Disney's Aulani Resort & Spa, Disney's Vero Beach Resort, and Disney's Hilton Head Island Resort.