The first wave of Walt Disney Treasures was released on December 4, 2001. It includes four different DVD sets.

Lonesome Ghosts is a 1937 Disney animated cartoon, released through RKO Radio Pictures on Christmas Eve, three days after Snow White and the Seven Dwarfs (1937). It was directed by Burt Gillett and animated by Izzy (Isadore) Klein, Ed Love, Milt Kahl, Marvin Woodward, Bob Wickersham, Clyde Geronimi, Dick Huemer, Dick Williams, Art Babbitt, and Rex Cox. The short features Mickey Mouse, Donald Duck & Goofy as members of The Ajax Ghost Exterminators. It was the 98th short in the Mickey Mouse film series to be released, and the ninth for that year.