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 29, 2001

                             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 5. Other Events

On October 29, 2001, McDonald's Corporation (the "Company") issued a press
release discussing outlook and announcing $5 billion share repurchase program.
The press release is filed as Exhibit 99 hereto and incorporated herein by

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

              (c) Exhibit:

                  99       Press Release dated October 29, 2001--McDonald's
                  Discusses Outlook and Announces $5 Billion Share Repurchase



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


Date:   October 30, 2001               By: Gloria Santona
                                           Gloria Santona
                                           Senior Vice President,
                                           General Counsel and Secretary


                                  Exhibit Index

Exhibit No.

99       News Release of McDonald's Corporation issued October 29, 2001:
         McDonald's Discusses Outlook and Announces $5 Billion Share
         Repurchase Program