SEC FORM 3

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Alvarez Ralph

(Last)

(First)

(Middle)

MCDONALD'S CORPORATION

2915 JORIE BOULEVARD

(Street)

OAK BROOK

60523

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
11/22/2004

3. Issuer Name and Ticker or Trading Symbol
MCDONALDS CORP [ MCD ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	President - McDonald's USA

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	16,099	I	Non-Qualified Benefit Plan

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Options (Right to Buy)	⁽¹⁾	04/01/2006	Common Stock	24,000	$24.625	D
Options (Right to Buy)	⁽¹⁾	03/18/2007	Common Stock	24,222	$23.5	D
Options (Right to Buy)	⁽¹⁾	03/23/2008	Common Stock	31,500	$26.25	D
Options (Right to Buy)	⁽²⁾	05/19/2012	Common Stock	24,000	$40.4375	D
Options (Right to Buy)	⁽²⁾	03/21/2013	Common Stock	25,300	$35.25	D
Options (Right to Buy)	⁽²⁾	02/02/2011	Common Stock	21,500	$29.43	D
Options (Right to Buy)	⁽²⁾	03/20/2012	Common Stock	85,000	$28.75	D
Options (Right to Buy)	⁽²⁾	03/18/2013	Common Stock	72,000	$14.31	D
Options (Right to Buy)	⁽²⁾	02/16/2014	Common Stock	36,000	$26.63	D
Options (Right to Buy)	⁽²⁾	05/20/2014	Common Stock	36,000	$25.31	D
Restricted Stock Units⁽³⁾	03/18/2006	03/18/2006	Common Stock	30,769	⁽³⁾	D
Restricted Stock Units⁽³⁾	07/14/2008	07/14/2008	Common Stock	20,000	⁽³⁾	D

Explanation of Responses:

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

2. Options become exercisable in 25% increments on the first, second, third and fourth anniversary dates of the grant.

3. Restricted Stock Units (RSUs) are granted under the Company's Amended and Restated 2001 Omnibus Stock Ownership Plan and are subject to the terms of such Plan. Upon vesting, payout under the RSUs will be in the form of an equal number of shares of McDonald's common stock or, at the discretion of the Board's Compensation Committee, the cash value thereof. No dividend, voting or other shareholder rights attach to the RSUs until they vest and only if the payout upon vesting is in shares of common stock.

Remarks:

	Ralph Alvarez	12/01/2004
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.