Ownership Submission
FORM 5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Form 3 Holdings Reported
Form 4 Transactions Reported
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0362
Expires: January 31, 2005
Estimated average burden hours per response... 1.0

1. Name and Address of Reporting Person *
BELL CHARLES
 2. Issuer Name and Ticker or Trading Symbol
MCDONALDS CORP [MCD] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)

MCDONALD'S CORPORATION, 2915 JORIE BOULEVARD		 3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year)
12/31/2004
(Street)


OAK BROOK, IL 60523		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Reporting
(check applicable line)

_X_ Form Filed by One Reporting Person
___ Form Filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned at end of Issuer's Fiscal Year
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Amount (A) or (D) Price
Common Stock             6,000 I By Wife
Common Stock             5,836 I Profit Sharing Plan
Common Stock             34,755 I Non-Qualifed Benefit Plan

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. 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 control number. SEC 2270 (9-02)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned at End of Issuer's Fiscal Year
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
(A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Options (Right to Buy) $ 24.625 12/09/2004(1)   G   45,000   (2) 04/01/2006 Common Stock
45,000
$ 24.625 0
D
 
Options (Right to Buy) $ 24.625 12/09/2004(1)   G 45,000     (2) 04/01/2006 Common Stock
45,000
$ 24.625 45,000
I
By Wife
Options (Right to Buy) $ 23.5 12/09/2004(1)   G   20,000   (2) 03/18/2007 Common Stock
20,000
$ 23.5 0
D
 
Options (Right to Buy) $ 23.5 12/09/2004(1)   G 20,000     (2) 03/18/2007 Common Stock
20,000
$ 23.5 20,000
I
By Wife
Options (Right to Buy) $ 26.25 12/09/2004(1)   G   30,000   (2) 03/24/2008 Common Stock
30,000
$ 26.25 0
D
 
Options (Right to Buy) $ 26.25 12/09/2004(1)   G 30,000     (2) 03/24/2008 Common Stock
30,000
$ 26.25 30,000
I
By Wife
Options (Right to Buy) $ 45.625 12/09/2004(1)   G   500   (3) 04/01/2009 Common Stock
500
$ 45.625 0
D
 
Options (Right to Buy) $ 45.625 12/09/2004(1)   G 500     (3) 04/01/2009 Common Stock
500
$ 45.625 500
I
By Wife
Options (Right to Buy) $ 40.4375 12/09/2004(1)   G   10,625   (3) 05/19/2012 Common Stock
10,625
$ 40.4375 0
D
 
Options (Right to Buy) $ 40.4375 12/09/2004(1)   G 10,625     (3) 05/19/2012 Common Stock
10,625
$ 40.4375 10,625
I
By Wife
Options (Right to Buy) $ 38.5 12/09/2004(1)   G   200,000   (3) 05/26/2012 Common Stock
200,000
$ 38.5 0
D
 
Options (Right to Buy) $ 38.5 12/09/2004(1)   G 200,000     (3) 05/26/2012 Common Stock
200,000
$ 38.5 200,000
I
By Wife
Options (Right to Buy) $ 35.25 12/09/2004(1)   G   71,500   (3) 03/21/2013 Common Stock
71,500
$ 35.25 0
D
 
Options (Right to Buy) $ 35.25 12/09/2004(1)   G 71,500     (3) 03/21/2013 Common Stock
71,500
$ 35.25 71,500
I
By Wife
Options (Right to Buy) $ 29.43 12/09/2004(1)   G   120,000   (3) 02/02/2011 Common Stock
120,000
$ 29.43 0
D
 
Options (Right to Buy) $ 29.43 12/09/2004(1)   G 120,000     (3) 02/02/2011 Common Stock
120,000
$ 29.43 120,000
I
By Wife
Options (Right to Buy) $ 29.43 12/09/2004(1)   G   50,000 02/02/2004 02/02/2011 Common Stock
50,000
$ 29.43 0
D
 
Options (Right to Buy) $ 29.43 12/09/2004(1)   G 50,000   02/02/2004 02/02/2011 Common Stock
50,000
$ 29.43 50,000
I
By Wife
Options (Right to Buy) $ 28.75 12/09/2004(1)   G   125,000   (3) 03/20/2012 Common Stock
125,000
$ 28.75 0
D
 
Options (Right to Buy) $ 28.75 12/09/2004(1)   G 125,000     (3) 03/20/2012 Common Stock
125,000
$ 28.75 125,000
I
By Wife
Options (Right to Buy) $ 18.78 12/09/2004(1)   G   300,000   (3) 12/05/2012 Common Stock
300,000
$ 18.78 0
D
 
Options (Right to Buy) $ 18.78 12/09/2004(1)   G 300,000     (3) 12/05/2012 Common Stock
300,000
$ 18.78 300,000
I
By Wife
Options (Right to Buy) $ 14.31 12/09/2004(1)   G   200,000   (3) 03/18/2013 Common Stock
200,000
$ 14.31 0
D
 
Options (Right to Buy) $ 14.31 12/09/2004(1)   G 200,000     (3) 03/18/2013 Common Stock
200,000
$ 14.31 200,000
I
By Wife
Options (Right to Buy) $ 26.63 12/09/2004(1)   G   112,500   (3) 02/16/2014 Common Stock
112,500
$ 26.63 0
D
 
Options (Right to Buy) $ 26.63 12/09/2004(1)   G 112,500     (3) 02/16/2014 Common Stock
112,500
$ 26.63 112,500
I
By Wife
Options (Right to Buy) $ 25.31 12/09/2004(1)   G   150,000   (3) 05/20/2014 Common Stock
150,000
$ 25.31 0
D
 
Options (Right to Buy) $ 25.31 12/09/2004(1)   G 150,000     (3) 05/20/2014 Common Stock
150,000
$ 25.31 150,000
I
By Wife

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
BELL CHARLES
MCDONALD'S CORPORATION
2915 JORIE BOULEVARD
OAK BROOK, IL 60523		   X      

Signatures

/s/ Carol A. Vix, Attorney-in-fact 02/01/2005
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(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).
(1) Transfer of stock options from an insider to his spouse.
(2) Options became exercisable in 25% increments on the first, third, fifth and seventh anniversary dates of the grant. However, upon transfer, all unvested options became immediately vested and exercisable.
(3) Options became exercisable in 25% increments on the first, second, third and fourth anniversary dates of the grant. However, upon transfer, all unvested options became immediately vested and exercisable.

Note: File three copies of this Form, one of which must be manually signed. If space provided is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.