Hi Suzy! Welcome to the DIS, and don't be shy about posting!
I have good news and bad news.
The good news is, it is not too late for a discount. The bad news is, you can't do anything with your existing reservation yourself -- the TA controls it, so he or she will have to make any changes.
If you bought a package (including room, passes and possibly other options), your
travel agent can call Disney and try to get you the discounted October through December Special on that package (the special applies to all packages except the Basic Plan and the Grand Plan).
If you have a "room only" reservation, I would recommend going to MouseSavers.com and arming yourself with the discount codes that apply for your resort hotel and dates. Then ask your TA to use one of them to reduce your room rate.
Normally it would be too late for you to cancel and start over, but because of the recent terrorist attacks, Walt Disney Travel Company has suspended its usual cancellation fees. Here is what Disney says about this:
Due to the existing situation, standard
cancellation policies have been modified for
travel scheduled through December 31, 2001.
The Walt Disney Travel Co. - Fla. and Disney
Central Reservations has waived cancellation
fees for travel through Dec. 31, 2001 and
protected most land package components for
most vacations if rebooked by Oct. 31, 2001.
Travel agents needing further information about
Disney Destinations may call the Walt Disney
World Resort® Central Reservations or Walt
Disney Travel Company.
So if your TA isn't helpful in getting you the discounts you want, another option is to cancel and rebook it yourself at the discounted rate. Be sure to check with your TA (give her the info above, if necessary) to make sure you can cancel everything without penalty. Then make your own reservations with a discounted rate. Once you've done that you can cancel whatever you have booked now. Don't cancel until you have your new reservations locked in, though, since there's no guarantee that the discounts are available for your dates and hotel. (However, there have been so many cancellations that I doubt you'll have trouble.)
Hope this helps and isn't too confusing. Any more questions, just ask!
Mary
MouseSavers.com