EXHIBIT 4(b)

  THIS NOTE IS A REGISTERED GLOBAL NOTE AND  IS REGISTERED IN THE NAME   OF
  CEDE &  CO., AS  NOMINEE  OF THE  DEPOSITORY  TRUST COMPANY,  A  NEW YORK
  CORPORATION  ("DTC").    UNLESS  THIS  CERTIFICATE  IS  PRESENTED  BY  AN
  AUTHORIZED REPRESENTATIVE OF DTC, TO ISSUER OR ITS AGENT FOR REGISTRATION
  OF  TRANSFER,  EXCHANGE,  OR  PAYMENT,  AND  ANY  CERTIFICATE  ISSUED  IS
  REGISTERED IN  THE NAME  OF  CEDE &  CO.  OR IN  SUCH  OTHER NAME  AS  IS
  REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE
  TO CEDE & CO. OR TO  SUCH OTHER ENTITY AS  IS REQUESTED BY AN  AUTHORIZED
  REPRESENTATIVE OF DTC),  ANY TRANSFER, PLEDGE,  OR OTHER  USE HEREOF  FOR
  VALUE OR  OTHERWISE BY  OR TO  ANY  PERSON IS  WRONGFUL INASMUCH  AS  THE
  REGISTERED OWNER HEREOF, CEDE & CO.  HAS AN INTEREST HEREIN.  UNLESS  AND
  UNTIL IT  IS  EXCHANGED IN  WHOLE  OR IN  PART  FOR NOTES  IN  DEFINITIVE
  REGISTERED FORM,  THIS  REGISTERED GLOBAL  NOTE  MAY NOT  BE  TRANSFERRED
  EXCEPT AS A WHOLE BY DTC TO A NOMINEE OF DTC,  OR BY A NOMINEE OF DTC  TO
  DTC OR ANOTHER  NOMINEE OF  DTC,   OR BY  DTC OR  ANY SUCH  NOMINEE TO  A
  SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY.

  REGISTERED               McDonald's Corporation               REGISTERED

    Number            6 5/8% NOTE DUE SEPTEMBER 1, 2005
  RU                                                           $150,000,000

  SEE REVERSE FOR
  CERTAIN DEFINITIONS                                     CUSIP 580135 BL4

    McDonald's Corporation, a corporation organized and existing under the
  laws of the State  of Delaware (hereinafter  called the "Company,"  which
  term includes any successor  corporation under the Indenture  hereinafter
  referred to), for value received, hereby promises to pay to Cede & Co. or
  registered assigns,  the  principal  sum of  One  Hundred  Fifty  Million
  Dollars ($150,000,000) on September 1, 2005  and to pay interest  thereon
  to the Registered Holder hereof from September 1, 1995, or from the  most
  recent interest payment  date to  which interest  has been  paid or  duly
  provided for, semiannually  on March  1 and  September 1,  in each  year,
  commencing March  1, 1996  at the  rate of  6 5/8%  per annum  until  the
  principal hereof  is paid  or such  payment is  duly provided  for.   The
  interest so payable,  and punctually paid  or duly provided  for, on  any
  interest payment date will, as provided in said Indenture, be paid to the
  Person in whose name this Note is registered at the close of business  on
  the record date  for such  interest, which shall  be the  February 15  or
  August 15 (whether  or not  a Business  Day) next  preceding an  interest
  payment date.  Payment of the principal of and interest on this Note will
  be made at the designated office or agency of the Company maintained  for
  such purpose  in  the  City  of  New York,  New  York  and  the  City  of
  Philadelphia, Pennsylvania, in such coin or currency of the United States
  of America as  at the  time of  payment is  legal tender  for payment  of
  public and private debts  or, at the option  of the Company, interest  so
  payable may be paid by check  to the order of  said Holder mailed to  his
  address appearing on  the Debt Security  Register.  Any  interest not  so
  punctually paid or duly provided for shall be payable as provided in  the
  Indenture.
    Reference is hereby made  to the further  provisions of this  Note set
  forth on  the reverse  hereof, which  further  provisions shall  for  all
  purposes have the same effect as if set forth in this place.
    Unless the Certificate of  Authentication hereon has been  executed by
  the Trustee referred to  on the reverse hereof  (or by an  Authenticating
  Agent, as provided in the Indenture) by manual signature, this Note shall
  not be  entitled  to any  benefit  under the  Indenture  or be  valid  or
  obligatory for any purpose.

  In Witness Whereof, McDonald's Corporation has caused this Instrument  to
  be signed in  its corporate  name by  the Chairman  of the  Board or  its
  President or one of  its Vice Presidents manually  or in facsimile and  a
  facsimile of its corporate  seal to be imprinted  hereon and attested  by
  the manual  or  facsimile  signature  of its  Secretary  or  one  of  its
  Assistant Secretaries.

  Dated:  September 11, 1995

    TRUSTEE'S CERTIFICATE OF AUTHENTICATION
    This is one of the Debt Securities of the series designated herein
    provided for in the withinmentioned Indenture.

  FIRST FIDELITY BANK, NATIONAL ASSOCIATION
  as Trustee

  By:
     -------------------------
     Authorized Officer

  Attest:
         --------------------------
         Secretary

  McDONALD'S CORPORATION

  By:
    -------------------------
    Vice President and Treasurer


  

                           McDONALD'S CORPORATION
                      6 5/8% NOTE DUE SEPTEMBER 1, 2005

       This Note is one of a duly authorized issue of debentures, notes  or
  other evidences  of  indebtedness of  the  Company (herein  called  "Debt
  Securities") of  a series  hereinafter specified,  all issued  and to  be
  issued under an Indenture  dated as of March  1, 1987 (herein called  the
  "Indenture"), between  the  Company  and First  Fidelity  Bank,  National
  Association, (formerly Fidelity Bank,  National Association), as  Trustee
  (herein called the "Trustee," which  term includes any successor  Trustee
  under the Indenture), to which Indenture and all indentures  supplemental
  thereto reference is hereby made for a statement of the respective rights
  thereunder of  the Company,  the  Trustee and  the  Holders of  the  Debt
  Securities and the terms upon which  the Debt Securities are, and are  to
  be, authenticated and delivered.   The Debt Securities  may be issued  in
  one or  more series,  which different  series may  be issued  in  various
  currencies, may be  issued in  various aggregate  principal amounts,  may
  mature at different times, may bear interest (if any) at different rates,
  may be  subject  to different  redemption  provisions (if  any),  may  be
  subject to different sinking, purchase or  analogous funds (if any),  may
  be subject to different covenants and Events of Default and may otherwise
  vary as in the Indenture provided.  This Note is one of a series of  Debt
  Securities of the Company designated as its 6 5/8% Notes due September 1,
  2005 (herein called the "Notes"),  limited in aggregate principal  amount
  to $150,000,000.
       In the case  where any interest  payment date or  the maturity  date
  does not  fall  on a  Business  Day,  payment of  interest  or  principal
  otherwise payable on such day need  not be made on  such day, but may  be
  made on the next succeeding Business  Day with the same force and  effect
  as if made on the interest payment date or the maturity date, as the case
  may be, and no interest shall accrue  for the period from and after  such
  interest payment date or the maturity date.
       The Notes may, at the option of the Company, be redeemed as a  whole
  at any  time or  in part  from time  to time,  on any  date on  or  after
  September 1, 2002, upon mailing a notice of such redemption not less than
  30 nor more than 60 days prior to  the date of redemption to the  Holders
  of Notes to be  redeemed, as provided in  the Indenture, at a  redemption
  price equal to 100% of the  principal amount of the Notes, together  with
  accrued interest to the date of redemption.
       In the event of redemption of this Note in part only, a new Note  or
  Notes for the unredeemed portion hereof will be issued in the name of the
  Holder hereof upon the cancellation hereof.   Notes (or portions  thereof
  as aforesaid)  for whose  redemption and  payment  provision is  made  in
  accordance with the Indenture shall cease to bear interest from and after
  the date fixed for redemption.
       If an Event of  Default shall occur with  respect to the Notes,  the
  principal of the Notes may be declared due and payable in the manner  and
  with the effect provided in the Indenture.
       The Indenture permits, with certain exceptions as therein  provided,
  the amendment thereof and the modification of the rights and  obligations
  of the Company and the rights of the Holders of the Debt Securities under
  the Indenture at any time by the Company with the consent of the  Holders
  of 66 2/3% in  aggregate principal amount of  the Debt Securities at  the
  time Outstanding,  as  defined in  the  Indenture.   The  Indenture  also
  contains provisions permitting  the Holders  of a  majority in  aggregate
  principal amount of the Notes at the time Outstanding, as defined in  the
  Indenture, on behalf of the Holders of all the Notes, to waive compliance
  by the Company with certain provisions of the Indenture and certain  past
  defaults under the Indenture and their consequences.  Any such consent or
  waiver by the Holder  of this Note shall  be conclusive and binding  upon
  such Holder and  upon all future  Holders of this  Note and  of any  Note
  issued upon the transfer hereof or in exchange therefor or in lieu hereof
  whether or not notation of such consent or waiver is made upon this  Note
  or upon any Note issued upon the transfer hereof or in exchange  therefor
  or in lieu hereof.
       No reference herein to the Indenture  and no provision of this  Note
  or of the Indenture shall alter or impair the obligation of the  Company,
  which is absolute and unconditional, to pay the principal of and interest
  on this  Note  at the  times,  places, and  rate,  and in  the  coin  and
  currency, herein prescribed.
       As provided  in the  Indenture and  subject to  certain  limitations
  therein set  forth,  this  Note is  transferable  on  the  Debt  Security
  Register of the Company, upon surrender of this Note for transfer at  the
  office or agency of the Company in the City of New York, New York, or the
  City of Philadelphia, Pennsylvania, duly endorsed by or accompanied by  a
  written instrument of transfer  in form satisfactory  to the Company  and
  the Debt Security registrar,  duly executed by the  Holder hereof or  his
  attorney duly authorized in writing, and thereupon one or more new Notes,
  of authorized denominations and for the same aggregate principal  amount,
  will be issued to the designated transferee or transferees.
       The Notes are issuable only as  registered Notes without coupons  in
  denominations of $1,000 and integral multiples  thereof.  As provided  in
  the Indenture and subject to certain limitations therein set forth,  this
  Note is exchangeable for  a like aggregate principal  amount of Notes  of
  different  authorized   denominations,  as   requested  by   the   Holder
  surrendering the same.
       No service charge will  be made for any  such transfer or  exchange,
  but the Company may require payment of a sum sufficient to cover any  tax
  or other governmental charge payable in connection therewith.
       The Company, the Trustee and any agent of the Company or the Trustee
  may treat the Person in whose name  this Note is registered as the  owner
  hereof for the purpose  of receiving payment as  herein provided and  for
  all other purposes whether or not  this Note be overdue, and neither  the
  Company, the Trustee nor  any such agent shall  be affected by notice  to
  the contrary.
       No recourse shall be made for the payment of the principal of or the
  interest on this Note or for any  claim based hereon or otherwise in  any
  manner in respect  hereof, or in  respect of the  Indenture, against  any
  incorporator, stockholder, officer or director, as such past, present  or
  future, of the Company  or of any  predecessor or successor  corporation,
  whether by virtue of any constitutional  provision or statute or rule  of
  law, or by the enforcement of any  assessment or penalty or in any  other
  manner, all such  liability being expressly  waived and  released by  the
  acceptance hereof and as part of the consideration for the issue hereof.
       All terms used in this Note which are defined in the Indenture shall
  have the meanings assigned to them in the Indenture.

       The following abbreviations, when used in the inscription on the
  face of this Instrument, shall be construed as though they were written
  out in full according to applicable laws or regulations:

  TEN COM    -as tenants in common
  TEN ENT    -as tenants by the entireties
  JT TEN     -as joint tenants with right of survivorship

  UNIF GIFT MIN ACT -                     Custodian
                      -----------------              -----------------
                           (Cust)                          (Minor)
                            under Uniform Gifts to Minors
                                Act
                                     ----------------
                                          (State)

   Additional abbreviations may also be used though not in the above list.
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             FOR VALUE RECEIVED the undersigned hereby sell(s),
                       assign(s) and transfer(s) unto

  PLEASE INSERT SOCIAL SECURITY OR OTHER
  IDENTIFYING NUMBER OF ASSIGNEE


  -------------------------------------------------------------------------
                    PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS OF ASSIGNEE
  -------------------------------------------------------------------------
  -------------------------------------------------------------------------
  the within Instrument of McDONALD'S CORPORATION and hereby does
  irrevocably constitute and appoint
  ---------------------------------------------------------------- Attorney
  to transfer the said Instrument on the books of the within-named Company,
  with full power of substitution in the premises.

  Dated:
         ----------------------------          ----------------------------


          NOTICE:  The signature to this assignment must correspond
           with the name as it appears upon the face of the within
            Instrument in every particular, without alteration or
                     enlargement or any change whatever.