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, 2000



                            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 January 26, 2000 -- 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, U.S. General Counsel
                                            and Secretary