MCDONALDS CORP — Director's Dealing 2004

Dec 15, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MCDONALDS CORP (MCD)
CIK: 0000063908
Period of Report: 2004-12-15

Reporting Person: POJMAN DAVID M (Corp Sr Vice Pres, Controller)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-12-15	Common Stock	M	12000	$24.625	Acquired	14976	Direct
2004-12-15	Common Stock	S	12000	$32.15	Disposed	2976	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-12-15	Options (Right to Buy)	$24.625	M	12000	Disposed	2006-04-01	Common Stock (12000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	10595	Indirect
Common Stock	996	Indirect

Footnotes

F1: Options became exercisable in 25% increments on the first, third, fifth and seventh anniversary dates of the grant.