MCDONALDS CORP — Director's Dealing 2005

May 5, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MCDONALDS CORP (MCD)
CIK: 0000063908
Period of Report: 2005-05-03

Reporting Person: ROBERTS MICHAEL JAMES (Director, President and COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-05-03	Common Stock	M	2000	$18.125	Acquired	2891	Direct
2005-05-03	Common Stock	S	2000	$29.98	Disposed	891	Direct
2005-05-04	Common Stock	G	167	—	Disposed	724	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-05-03	Options (Right to Buy)	$18.125	M	2000	Disposed	2005-05-26	Common Stock (2000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	200	Indirect
Common Stock	27473	Indirect
Common Stock	21055	Indirect

Footnotes

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