you either defeat ganon and save hyrule, or don't.
if you saved it, then majoras mask happens, if you don't then that's the one where wind waker and other timelines branch off
i think, it's been a while since i looked at the timeline thing
Nope. There are three branches from OoT.
Link returns to being a child after defeating Ganon. He tells Zelda preemptively what Ganon's plan is, and Ganon is stopped and sent for execution. Majoras Mask happens. Twilight Princess happens a long, long time later.
After Link returns to his childhood, he doesn't exist in that timeline where he defeated Ganon. Many years pass, Wind Waker happens.
Link and Zelda are defeated by Ganon during OoT. Ganon gets the full Triforce, and wishes for the world to be his. Instead, he's granted the Sacred Realm, which becomes the Dark World. Many years later, A Link to the Past happens, as well as the Oracle games and Link's Awakening. The original NES games happen much later on this same timeline.
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http://www.youtube.com/watch?v=XiCtAUrZbUk -- Defeating the Running Man of Ocarina of Time in a race since 01/17/2009. --