MCDONALDS CORP — Director's Dealing 2004

Dec 13, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MCDONALDS CORP (MCD)
CIK: 0000063908
Period of Report: 2004-12-10

Reporting Person: STONE ROGER W (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-12-10	Common Stock	M	2000	$14.375	Acquired	20000	Direct
2004-12-10	Common Stock	S	2000	$31.73	Disposed	18000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-12-10	Options (Right to Buy)	$14.375	M	2000	Disposed	2005-01-19	Common Stock (2000)	Direct

Footnotes

F1: Options became exercisable in 33% increments on the first, second and third anniversary dates of the grant.