MCDONALDS CORP — Director's Dealing 2007

May 24, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MCDONALDS CORP (MCD)
CIK: 0000063908
Period of Report: 2007-05-22

Reporting Person: LUBIN DONALD G (Senior Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-05-22	Common Stock	M	2000	$25.4375	Acquired	59380	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-05-22	Options (Right to Buy)	$25.4375	M	2000	Disposed	2007-05-22	Common Stock (2000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	374	Indirect

Footnotes

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