MCDONALDS CORP — Director's Dealing 2004

Nov 1, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MCDONALDS CORP (MCD)
CIK: 0000063908
Period of Report: 2004-11-01

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-11-01	Common Stock	M	9000	$16.5625	Acquired	11976	Direct
2004-11-01	Common Stock	S	9000	$29.25	Disposed	2976	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-11-01	Options (Right to Buy)	$16.5625	M	9000	Disposed	2005-02-21	Common Stock (9000)	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.