<HTML><HEAD><TITLE>Main Body</TITLE><!-- Licensed to: McDonald's--><!-- Document Created using EDGARIZER HTML --><!-- Copy Right 2003 EDGARfilings, Ltd., an IEC company.--><!-- All rights reserved EDGARfilings.com -->
<META content="MSHTML 6.00.2800.1170" name=GENERATOR></HEAD>
<BODY style="MARGIN-LEFT: 2.5%; MARGIN-RIGHT: 2.5%">
<DIV>
<DIV align=center><FONT style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman, serif">UNITED STATES</FONT> </DIV>
<DIV align=center><FONT style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman, serif">SECURITIES AND EXCHANGE COMMISSION</FONT> </DIV>
<DIV align=center><FONT style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman, serif">WASHINGTON, D.C. 20549</FONT> </DIV>
<DIV align=center><BR></DIV>
<DIV align=center><BR></DIV>
<DIV align=center><FONT style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman, serif">FORM 8-K</FONT> </DIV>
<DIV align=center><BR></DIV>
<DIV align=center><BR></DIV>
<DIV align=center><FONT style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, serif">CURRENT REPORT</FONT> </DIV>
<DIV align=center><FONT style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, serif">PURSUANT TO SECTION 13 OR 15(D) OF</FONT> </DIV>
<DIV align=center><FONT style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, serif">THE SECURITIES EXCHANGE ACT OF 1934</FONT> </DIV>
<DIV align=center><BR></DIV>
<DIV align=center><BR></DIV>
<DIV align=center><FONT style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, serif">Date of Report (Date of earliest event reported): </FONT><FONT style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, serif">January 26, 2004</FONT> </DIV>
<DIV align=center><BR></DIV>
<DIV align=center><BR></DIV>
<DIV align=center><FONT style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman, serif">McDONALD'S CORPORATION</FONT> </DIV>
<DIV align=center><FONT style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, serif">(Exact name of Registrant as specified in Charter)</FONT> </DIV>
<DIV align=center><BR></DIV>
<DIV align=center><BR></DIV>
<P>
<TABLE cellSpacing=0 cellPadding=0 width="100%" align=center border=0>
<TR>
<TD align=middle width="23%">
<DIV align=center><FONT style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, serif">Delaware</FONT> </DIV></TD>
<TD align=middle width="3%">
<DIV align=center>&nbsp;</DIV></TD>
<TD align=middle width="24%">
<DIV align=center><FONT style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, serif">1-5231</FONT> </DIV></TD>
<TD align=middle width="3%">
<DIV align=center>&nbsp;</DIV></TD>
<TD align=middle width="22%">
<DIV align=center><FONT style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, serif">36-2361282</FONT> </DIV></TD></TR>
<TR>
<TD align=middle width="23%">
<DIV align=center><FONT style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, serif">(State or other Jurisdiction</FONT> </DIV></TD>
<TD align=middle width="3%">
<DIV align=center>&nbsp;</DIV></TD>
<TD align=middle width="24%">
<DIV align=center><FONT style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, serif">(Commission File No.)</FONT> </DIV></TD>
<TD align=middle width="3%">
<DIV align=center>&nbsp;</DIV></TD>
<TD align=middle width="22%">
<DIV align=center><FONT style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, serif">(IRS Employer</FONT> </DIV></TD></TR>
<TR>
<TD align=middle width="23%">
<DIV align=center><FONT style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, serif">of Incorporation)</FONT> </DIV></TD>
<TD align=middle width="3%">
<DIV align=center>&nbsp;</DIV></TD>
<TD align=middle width="24%">
<DIV align=center>&nbsp;</DIV></TD>
<TD align=middle width="3%">
<DIV align=center>&nbsp;</DIV></TD>
<TD align=middle width="22%">
<DIV align=center><FONT style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, serif">Identification No.)</FONT> </DIV></TD></TR></TABLE></P>
<DIV align=center><BR></DIV>
<DIV align=center><BR></DIV>
<DIV align=center><FONT style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, serif">One McDonald's Plaza</FONT> </DIV>
<DIV align=center><FONT style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, serif">Oak Brook, Illinois 60523</FONT> </DIV>
<DIV align=center><FONT style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, serif">(630) 623-3000</FONT> </DIV>
<DIV align=center><FONT style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, serif">(Address and Phone Number of Principal Executive Offices)</FONT> </DIV>
<DIV align=center><BR></DIV>
<P>
<TABLE id=PGBRK cellSpacing=0 cellPadding=0 width="100%" border=0>
<TR>
<TD vAlign=bottom width="100%" colSpan=3>&nbsp;</TD></TR>
<TR>
<TD align=left width="33%"><FONT size=1>&nbsp;</FONT></TD>
<TD align=middle width="33%"><FONT size=1>&nbsp;</FONT></TD>
<TD align=right width="33%"><FONT size=1>&nbsp;</FONT></TD></TR>
<TR>
<TD colSpan=3><FONT size=1>
<HR width="100%" noShade SIZE=1>
</FONT></TD></TR>
<TR>
<TD vAlign=bottom width="100%" colSpan=3>&nbsp;</TD></TR></TABLE></P>
<DIV align=left><BR></DIV>
<DIV align=left><FONT style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, serif">Item 12. Results of Operations and Financial Condition.</FONT> </DIV>
<DIV align=left><BR></DIV>
<DIV align=left><FONT id=TAB1 style="MARGIN-LEFT: 36pt"></FONT><FONT style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, serif">On January 26, 2004, McDonald&#146;s Corporation (the &#147;Company&#148;) issued a press release reporting&nbsp;fourth quarter and 2003 year-end results and the retirement of Fred Turner. &nbsp;The press release is furnished as Exhibit 99.1 and is attached hereto.&nbsp;&nbsp; Also furnished as Exhibit 99.2 is supplemental information for the quarter and year ended December 31, 2003.</FONT></DIV>
<DIV align=left>&nbsp;</DIV>
<DIV align=left><BR>&nbsp;</DIV>
<P>
<TABLE id=PGBRK cellSpacing=0 cellPadding=0 width="100%" border=0>
<TR>
<TD vAlign=bottom width="100%" colSpan=3>&nbsp;</TD></TR>
<TR>
<TD align=left width="33%"><FONT size=1>&nbsp;</FONT></TD>
<TD align=middle width="33%"><FONT size=1>&nbsp;</FONT></TD>
<TD align=right width="33%"><FONT size=1>&nbsp;</FONT></TD></TR>
<TR>
<TD colSpan=3><FONT size=1>
<HR width="100%" noShade SIZE=1>
</FONT></TD></TR>
<TR>
<TD vAlign=bottom width="100%" colSpan=3>&nbsp;</TD></TR></TABLE></P>
<DIV align=center><FONT style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, serif">SIGNATURE</FONT> </DIV>
<DIV align=left><BR></DIV>
<DIV align=left><FONT style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, serif">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.</FONT> </DIV>
<DIV align=left><BR></DIV>
<P>
<TABLE cellSpacing=0 cellPadding=0 width="100%" align=center border=0>
<TR>
<TD align=left width="6%">
<DIV align=left>&nbsp;</DIV></TD>
<TD align=left width="14%">
<DIV align=left>&nbsp;</DIV></TD>
<TD align=left width="12%">
<DIV align=left>&nbsp;</DIV></TD>
<TD align=left width="34%" colSpan=2>
<DIV align=left><FONT style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, serif">McDONALD'S CORPORATION</FONT> </DIV></TD></TR>
<TR>
<TD align=left width="6%">
<DIV align=left>&nbsp;</DIV></TD>
<TD align=left width="14%">
<DIV align=left>&nbsp;</DIV></TD>
<TD align=left width="12%">
<DIV align=left>&nbsp;</DIV></TD>
<TD align=left width="34%" colSpan=2>
<DIV align=left>&nbsp;</DIV></TD></TR>
<TR>
<TD align=left width="6%">
<DIV align=left>&nbsp;</DIV></TD>
<TD align=left width="14%">
<DIV align=left>&nbsp;</DIV></TD>
<TD align=left width="12%">
<DIV align=left>&nbsp;</DIV></TD>
<TD align=left width="34%" colSpan=2>
<DIV align=left><FONT style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, serif">(Registrant)</FONT> </DIV></TD></TR>
<TR>
<TD align=left width="6%">
<DIV align=left>&nbsp;</DIV></TD>
<TD align=left width="14%">
<DIV align=left>&nbsp;</DIV></TD>
<TD align=left width="12%">
<DIV align=left>&nbsp;</DIV></TD>
<TD align=left width="4%">
<DIV align=left>&nbsp;</DIV></TD>
<TD align=left width="29%">
<DIV align=left>&nbsp;</DIV></TD></TR>
<TR>
<TD align=left width="6%">
<DIV align=left>&nbsp;</DIV></TD>
<TD align=left width="14%">
<DIV align=left>&nbsp;</DIV></TD>
<TD align=left width="12%">
<DIV align=left>&nbsp;</DIV></TD>
<TD align=left width="4%">
<DIV align=left>&nbsp;</DIV></TD>
<TD align=left width="29%">
<DIV align=left>&nbsp;</DIV></TD></TR>
<TR>
<TD align=left width="6%">
<DIV align=left>&nbsp;</DIV></TD>
<TD align=left width="14%">
<DIV align=left>&nbsp;</DIV></TD>
<TD align=left width="12%">
<DIV align=left>&nbsp;</DIV></TD>
<TD align=left width="4%">
<DIV align=left>&nbsp;</DIV></TD>
<TD align=left width="29%">
<DIV align=left>&nbsp;</DIV></TD></TR>
<TR>
<TD align=left width="6%">
<DIV align=left><FONT style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, serif">Date:</FONT> </DIV></TD>
<TD align=left width="14%">
<DIV align=left><FONT style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, serif">January 26, 2004</FONT> </DIV></TD>
<TD align=left width="12%">
<DIV align=left>&nbsp;</DIV></TD>
<TD align=left width="4%">
<DIV align=left><FONT style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, serif">By:</FONT> </DIV></TD>
<TD align=left width="29%">
<DIV align=left><U><FONT size=2>/s/ Peter J. Bensen</FONT></U></DIV></TD></TR>
<TR>
<TD align=left width="6%">
<DIV align=left>&nbsp;</DIV></TD>
<TD align=left width="14%">
<DIV align=left>&nbsp;</DIV></TD>
<TD align=left width="12%">
<DIV align=left>&nbsp;</DIV></TD>
<TD align=left width="4%">
<DIV align=left>&nbsp;</DIV></TD>
<TD align=left width="29%">
<DIV align=left><FONT size=2>Peter J. Bensen</FONT>&nbsp;</DIV></TD></TR>
<TR>
<TD align=left width="6%">
<DIV align=left>&nbsp;</DIV></TD>
<TD align=left width="14%">
<DIV align=left>&nbsp;</DIV></TD>
<TD align=left width="12%">
<DIV align=left>&nbsp;</DIV></TD>
<TD align=left width="4%">
<DIV align=left>&nbsp;</DIV></TD>
<TD align=left width="29%">
<DIV align=left><FONT style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, serif">Corporate&nbsp;Vice President&nbsp;- Assistant Controller</FONT>&nbsp;</DIV></TD></TR>
<TR>
<TD align=left width="6%">
<DIV align=left>&nbsp;</DIV></TD>
<TD align=left width="14%">
<DIV align=left>&nbsp;</DIV></TD>
<TD align=left width="12%">
<DIV align=left>&nbsp;</DIV></TD>
<TD align=left width="4%">
<DIV align=left>&nbsp;</DIV></TD>
<TD align=left width="29%">
<DIV align=left>&nbsp;</DIV></TD></TR></TABLE></P>
<DIV align=left><BR></DIV>
<P>
<TABLE id=PGBRK cellSpacing=0 cellPadding=0 width="100%" border=0>
<TR>
<TD vAlign=bottom width="100%" colSpan=3>&nbsp;</TD></TR>
<TR>
<TD align=left width="33%"><FONT size=1>&nbsp;</FONT></TD>
<TD align=middle width="33%"><FONT size=1>&nbsp;</FONT></TD>
<TD align=right width="33%"><FONT size=1>&nbsp;</FONT></TD></TR>
<TR>
<TD colSpan=3><FONT size=1>
<HR width="100%" noShade SIZE=1>
</FONT></TD></TR>
<TR>
<TD vAlign=bottom width="100%" colSpan=3>&nbsp;</TD></TR></TABLE></P>
<DIV align=center><FONT style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, serif">Exhibit Index</FONT> </DIV>
<DIV align=center><BR></DIV>
<P>
<TABLE cellSpacing=0 cellPadding=0 width="100%" align=center border=0>
<TR>
<TD align=left width="11%">
<DIV align=left><FONT style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, serif">Exhibit No.</FONT><FONT size=2> </FONT></DIV></TD>
<TD align=left width="64%">
<DIV align=left><FONT size=2></FONT>&nbsp;</DIV></TD></TR>
<TR>
<TD vAlign=top width="11%"><FONT size=2>
<HR width="100%" noShade SIZE=2>
</FONT></TD>
<TD vAlign=top width="64%"><FONT size=2></FONT></TD></TR>
<TR>
<TD align=left width="11%">
<DIV style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 11.35pt; MARGIN-RIGHT: -13.5pt; WHITE-SPACE: pre" align=left><FONT size=2></FONT>&nbsp;</DIV></TD>
<TD align=left width="64%">
<DIV style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 11.35pt; MARGIN-RIGHT: -13.5pt; WHITE-SPACE: pre" align=left><FONT size=2></FONT>&nbsp;</DIV></TD></TR>
<TR>
<TD align=left width="11%">
<DIV style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 11.35pt; MARGIN-RIGHT: -13.5pt; WHITE-SPACE: pre" align=left><FONT style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, serif">99.1</FONT><FONT size=2> </FONT></DIV></TD>
<TD align=left width="64%">
<DIV style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 11.35pt; MARGIN-RIGHT: -13.5pt; WHITE-SPACE: pre" align=left><FONT style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, serif">News Release of McDonald's Corporation issued January 26, 2004:</FONT><FONT size=2> </FONT></DIV></TD></TR>
<TR>
<TD align=left width="11%">
<DIV style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 11.35pt; MARGIN-RIGHT: -18pt; WHITE-SPACE: pre" align=left><FONT size=2></FONT>&nbsp;</DIV></TD>
<TD align=left width="64%">
<DIV style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 11.35pt; MARGIN-RIGHT: -18pt; WHITE-SPACE: pre" align=left><FONT size=2>McDonald's Ends&nbsp;Year with Strong&nbsp;Performance </FONT></DIV>
<DIV style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 11.35pt; MARGIN-RIGHT: -18pt; WHITE-SPACE: pre" align=left><FONT size=2>First Year of Revitalization Exceeds Plan </FONT></DIV>
<DIV style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 11.35pt; MARGIN-RIGHT: -18pt; WHITE-SPACE: pre" align=left><FONT size=2>Senior Chairman Fred Turner Retires</FONT></DIV></TD></TR>
<TR>
<TD width="11%"><FONT size=2>99.2</FONT>&nbsp;</TD>
<TD width="64%"><FONT size=2>McDonald's Corporation: &nbsp;Supplemental Information, Quarter and Year Ended December 31, 2003</FONT></TD></TR></TABLE></P></DIV></BODY></HTML>
[{"type": "8-K", "sequence": "1", "filename": "jan262004.htm", "description": "MAIN BODY", "secsgml_size_bytes": 14569}]
{"company-data": {"conformed-name": "MCDONALDS CORP", "cik": "0000063908", "assigned-sic": "5812", "irs-number": "362361282", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-05231", "film-number": "04544182"}, "business-address": {"street1": "ONE MCDONALD'S PLZ", "city": "OAK BROOK", "state": "IL", "zip": "60523", "phone": "6306233000"}, "mail-address": {"street1": "ONE MCDONALD PLAZA", "city": "OAK BROOK", "state": "IL", "zip": "60523"}}
Main Body
UNITED STATES
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):
January 26, 2004
McDONALD'S CORPORATION
(Exact name of Registrant as specified in Charter)
Delaware
1-5231
36-2361282
(State or other Jurisdiction
(Commission File No.)
(IRS Employer
of Incorporation)
Identification No.)
One McDonald's Plaza
Oak Brook, Illinois 60523
(630) 623-3000
(Address and Phone Number of Principal Executive Offices)
Item 12. Results of Operations and Financial Condition.
On January 26, 2004, McDonald's Corporation (the "Company") issued a press release reporting fourth quarter and 2003 year-end results and the retirement of Fred Turner.  The press release is furnished as Exhibit 99.1 and is attached hereto.   Also furnished as Exhibit 99.2 is supplemental information for the quarter and year ended December 31, 2003.
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)
Date:
January 26, 2004
By:
/s/ Peter J. Bensen
Peter J. Bensen
Corporate Vice President - Assistant Controller
Exhibit Index
Exhibit No.
99.1
News Release of McDonald's Corporation issued January 26, 2004:
McDonald's Ends Year with Strong Performance
First Year of Revitalization Exceeds Plan
Senior Chairman Fred Turner Retires
99.2
McDonald's Corporation:  Supplemental Information, Quarter and Year Ended December 31, 2003