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):  July 17, 1997





                           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 Exhibit

  (c)  Exhibit

       (99) Press Release dated July 17, 1997 -- McDonald's Reports Record
            Global Results



                                 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