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): December 14, 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 December 14, 2001 McDonald's Corporation (the "Company") issued a press
release announcing the Company's fourth quarter 2001 update. The press release
is filed as Exhibit 99 hereto and incorporated herein by reference.

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

         (c) Exhibit:

             99   Press Release dated December 14, 2001--McDonald's Fourth
                  Quarter 2001 Update


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:   December 17, 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 December 14, 2001:
         McDonald's Fourth Quarter 2001 Update