MCDONALDS CORP — Director's Dealing 2004

Jun 1, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MCDONALDS CORP (MCD)
CIK: 0000063908
Period of Report: 2004-05-28

Reporting Person: BELL CHARLES (Director, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-05-28	Common Stock	M	5000	$16.5625	Acquired	20009	Direct
2004-05-28	Common Stock	M	1000	$18.125	Acquired	21009	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-05-28	Options (Right to Buy)	$16.5625	M	5000	Disposed	2005-02-21	Common Stock (5000)	Direct
2004-05-28	Options (Right to Buy)	$18.125	M	1000	Disposed	2005-05-26	Common Stock (1000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	5764	Indirect
Common Stock	25508	Indirect

Footnotes

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