-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 DA7wdL25zsCPdQUo3PWDgVTXinL1ESkpUO4i5GUOo7Z8i5/jWnu4NcWNZIvxc7hp
 nr4M3LBqunDVzAaiTzytyw==

<SEC-DOCUMENT>0001179110-03-011005.txt : 20031119
<SEC-HEADER>0001179110-03-011005.hdr.sgml : 20031119
<ACCEPTANCE-DATETIME>20031119192956
ACCESSION NUMBER:		0001179110-03-011005
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20031117
FILED AS OF DATE:		20031119

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			CURHAN GREGORY S
		CENTRAL INDEX KEY:			0001263244

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-15831
		FILM NUMBER:		031014075

	MAIL ADDRESS:	
		STREET 1:		601 MONTGOMERY STREET 18TH FLOOR
		CITY:			SAN FRANCISCO
		STATE:			CA
		ZIP:			94111

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MCF CORP
		CENTRAL INDEX KEY:			0000826683
		STANDARD INDUSTRIAL CLASSIFICATION:	SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211]
		IRS NUMBER:				112936371
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		601 MONTGOMERY STREET
		STREET 2:		18THFLOOR
		CITY:			SAN FRANCISCO
		STATE:			CA
		ZIP:			94111-2622
		BUSINESS PHONE:		4152485600

	MAIL ADDRESS:	
		STREET 1:		601 MONTGOMERY STREET
		CITY:			SAN FRANCISCO
		STATE:			CA
		ZIP:			94111

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	RATEXCHANGE CORP
		DATE OF NAME CHANGE:	20000512

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	NETAMERICA COM CORP
		DATE OF NAME CHANGE:	19991116

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	NETAMERICA INTERNATIONAL INC
		DATE OF NAME CHANGE:	19981207
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>edgar.xml
<DESCRIPTION>FORM 4 -
<TEXT>
<XML>
<ownershipDocument>
    <schemaVersion>X0201</schemaVersion>

    <documentType>4</documentType>
<periodOfReport>2003-11-17</periodOfReport>
<notSubjectToSection16>0</notSubjectToSection16>
    <issuer>
        <issuerCik>0000826683</issuerCik>
        <issuerName>MCF CORP</issuerName>
        <issuerTradingSymbol>MEM</issuerTradingSymbol>
</issuer>
<reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001263244</rptOwnerCik>
            <rptOwnerName>CURHAN GREGORY S</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>601 MONTGOMERY STREET</rptOwnerStreet1>
            <rptOwnerStreet2>18TH FLOOR</rptOwnerStreet2>
            <rptOwnerCity>SAN FRANCISCO</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>94111</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
<isDirector>0</isDirector>
<isOfficer>1</isOfficer>
<isTenPercentOwner>0</isTenPercentOwner>
<isOther>0</isOther>
<officerTitle>Chief Financial Officer</officerTitle>
<otherText></otherText>
</reportingOwnerRelationship>
</reportingOwner>
<nonDerivativeTable><nonDerivativeTransaction><securityTitle><value>Common Stock</value>
<footnoteId id="F1"></footnoteId>
</securityTitle>
<transactionDate><value>2003-11-17</value>
</transactionDate>
<deemedExecutionDate><value>2003-10-01</value>
</deemedExecutionDate>
<transactionCoding><transactionFormType>4</transactionFormType>
<transactionCode>X</transactionCode>
<equitySwapInvolved>0</equitySwapInvolved>
</transactionCoding>
<transactionAmounts><transactionShares><value>12500</value>
</transactionShares>
<transactionPricePerShare><value>0.30</value>
</transactionPricePerShare>
<transactionAcquiredDisposedCode><value>A</value>
</transactionAcquiredDisposedCode>
</transactionAmounts>
<postTransactionAmounts><sharesOwnedFollowingTransaction><value>165000</value>
</sharesOwnedFollowingTransaction>
</postTransactionAmounts>
<ownershipNature><directOrIndirectOwnership><value>D</value>
</directOrIndirectOwnership>
</ownershipNature>
</nonDerivativeTransaction>
</nonDerivativeTable>
<derivativeTable></derivativeTable>
<footnotes><footnote id="F1">Acquired by exercise of Class B Common Stock Warrant according to early expiration terms of the Class B Common Stock Warrant.</footnote>
</footnotes>
<ownerSignature><signatureName>Gregory S. Curhan</signatureName>
<signatureDate>2003-11-19</signatureDate>
</ownerSignature>
</ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----