SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C.  20549





                                  FORM 8-K
                               CURRENT REPORT





                     Pursuant to Section 13 or 15(d) of
                     the Securities Exchange Act of 1934




       Date of Report (Date of earliest event reported): June 18, 1998





                           McDONALD'S CORPORATION
           (Exact name of Registrant as specified in its Charter)



      Delaware                 1-5231                 36-2361282
  (State of Incorporation) (Commission File No.)     (IRS Employer
                                                     Identification No.)



                            One McDonald's Plaza
                          Oak Brook, Illinois 60523
                               (630) 623-3000
          (Address and Phone Number of Principal Executive Offices)



  <PAGE>

  Item 5.   Other Events.
  -----------------------

  On June 18, 1998 McDonald's Corporation issued $300,000,000 6% Reset Put
  Securities due 2012.

  (c)  Exhibits
       --------

       1    Underwriting Agreement dated June 18, 1998, by and among
            McDonald's Corporation, Morgan Stanley & Co. Incorporated,
            Goldman, Sachs & Co., Merrill Lynch, Pierce, Fenner & Smith
            Incorporated, J.P. Morgan Securities Inc. and Salomon Brothers
            Inc.

       4(a) Supplemental Indenture No. 3 dated as of June 23, 1998,
            supplemental to the Senior Debt Securities Indenture dated as
            of October 19, 1996, between McDonald's Corporation and First
            Union National Bank, as Trustee

       4(b) Specimen Debt Security

       8    Tax Opinion

       23   Consent of Cleary, Gottlieb, Steen & Hamilton, special United
            States tax counsel to McDonald's Corporation, is included in
            Exhibit 8.


                                  SIGNATURE

  Pursuant to the requirements of the Securities Exchange Act of 1934, the
  Registrant has duly caused this report to be signed on its behalf by the
  undersigned hereunto duly authorized.

                                McDONALD'S CORPORATION

                                (Registrant)


                                By:  /s/ Joseph R. Thomas
                                     ---------------------------------
                                     Joseph R. Thomas
                                     Vice President, Associate General
                                     Counsel and Assistant Secretary



  <PAGE>

  Exhibit
  No.
  -------

  1    Underwriting Agreement dated June 18, 1998, by and among McDonald's
       Corporation, Morgan Stanley & Co. Incorporated, Goldman, Sachs &
       Co., Merrill Lynch, Pierce, Fenner & Smith Incorporated, J.P. Morgan
       Securities Inc. and Salomon Brothers Inc.

  4(a) Supplemental Indenture No. 3 dated as of June 23, 1998, supplemental
       to the Senior Debt Securities Indenture dated as of October 19,
       1996, between McDonald's Corporation and First Union National Bank,
       as Trustee

  4(b) Specimen Debt Security

  8    Tax Opinion

  23   Consent of Cleary, Gottlieb, Steen & Hamilton, special United States
       tax counsel to McDonald's Corporation, is included in Exhibit 8.
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SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C.  20549

                                  FORM 8-K
                               CURRENT REPORT

                     Pursuant to Section 13 or 15(d) of
                     the Securities Exchange Act of 1934

       Date of Report (Date of earliest event reported): June 18, 1998

                           McDONALD'S CORPORATION
           (Exact name of Registrant as specified in its Charter)

      Delaware                 1-5231                 36-2361282
  (State of Incorporation) (Commission File No.)     (IRS Employer
                                                     Identification No.)

                            One McDonald's Plaza
                          Oak Brook, Illinois 60523
                               (630) 623-3000
          (Address and Phone Number of Principal Executive Offices)
Item 5.   Other Events.
  -----------------------

  On June 18, 1998 McDonald's Corporation issued $300,000,000 6% Reset Put
  Securities due 2012.

  (c)  Exhibits
       --------

       1    Underwriting Agreement dated June 18, 1998, by and among
            McDonald's Corporation, Morgan Stanley & Co. Incorporated,
            Goldman, Sachs & Co., Merrill Lynch, Pierce, Fenner & Smith
            Incorporated, J.P. Morgan Securities Inc. and Salomon Brothers
            Inc.

       4(a) Supplemental Indenture No. 3 dated as of June 23, 1998,
            supplemental to the Senior Debt Securities Indenture dated as
            of October 19, 1996, between McDonald's Corporation and First
            Union National Bank, as Trustee

       4(b) Specimen Debt Security

       8    Tax Opinion

       23   Consent of Cleary, Gottlieb, Steen & Hamilton, special United
            States tax counsel to McDonald's Corporation, is included in
            Exhibit 8.

                                  SIGNATURE

  Pursuant to the requirements of the Securities Exchange Act of 1934, the
  Registrant has duly caused this report to be signed on its behalf by the
  undersigned hereunto duly authorized.

                                McDONALD'S CORPORATION

                                (Registrant)

                                By:  /s/ Joseph R. Thomas
                                     ---------------------------------
                                     Joseph R. Thomas
                                     Vice President, Associate General
                                     Counsel and Assistant Secretary
Exhibit
  No.
  -------

  1    Underwriting Agreement dated June 18, 1998, by and among McDonald's
       Corporation, Morgan Stanley & Co. Incorporated, Goldman, Sachs &
       Co., Merrill Lynch, Pierce, Fenner & Smith Incorporated, J.P. Morgan
       Securities Inc. and Salomon Brothers Inc.

  4(a) Supplemental Indenture No. 3 dated as of June 23, 1998, supplemental
       to the Senior Debt Securities Indenture dated as of October 19,
       1996, between McDonald's Corporation and First Union National Bank,
       as Trustee

  4(b) Specimen Debt Security

  8    Tax Opinion

  23   Consent of Cleary, Gottlieb, Steen & Hamilton, special United States
       tax counsel to McDonald's Corporation, is included in Exhibit 8.