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):  October 21, 1999





                           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 7. Financial Statements, Pro Forma Financial Information and Exhibits
--------------------------------------------------------------------------

(c)  Exhibit
     -------

     (99)  Press Release dated October 21, 1999 -- McDonald's Reports 15%
           Increase in Net Income Per Share


                                 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/ Gloria Santona
                                         ---------------------------------
                                         Gloria Santona
                                         Vice President, Deputy General
                                         Counsel and Secretary
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{"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": "99739256"}, "business-address": {"street1": "ONE MCDONALD'S PLZ", "city": "OAK BROOK", "state": "IL", "zip": "60523", "phone": "6306233000"}}
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):  October 21, 1999

                           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 7. Financial Statements, Pro Forma Financial Information and Exhibits
--------------------------------------------------------------------------

(c)  Exhibit
     -------

     (99)  Press Release dated October 21, 1999 -- McDonald's Reports 15%
           Increase in Net Income Per Share

                                 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/ Gloria Santona
                                         ---------------------------------
                                         Gloria Santona
                                         Vice President, Deputy General
                                         Counsel and Secretary