MCDONALDS CORP — Director's Dealing 2007

Apr 25, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MCDONALDS CORP (MCD)
CIK: 0000063908
Period of Report: 2007-04-23

Reporting Person: Fenton Timothy J (President, McDonald's APMEA)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-04-23	Common Stock	M	20000	$26.25	Acquired	35489	Direct
2007-04-23	Common Stock	S	3700	$48.66	Disposed	31789	Direct
2007-04-23	Common Stock	S	1100	$48.67	Disposed	30689	Direct
2007-04-23	Common Stock	S	1400	$48.68	Disposed	29289	Direct
2007-04-23	Common Stock	S	2900	$48.69	Disposed	26389	Direct
2007-04-23	Common Stock	S	1400	$48.70	Disposed	24989	Direct
2007-04-23	Common Stock	S	1000	$48.71	Disposed	23989	Direct
2007-04-23	Common Stock	S	1900	$48.72	Disposed	22089	Direct
2007-04-23	Common Stock	S	6600	$48.73	Disposed	15489	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-04-23	Options (Right to Buy)	$26.25	M	20000	Disposed	2008-03-24	Common Stock (20000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	33540	Indirect
Common Stock	9237	Indirect

Footnotes

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