<SUBMISSION>
<PAPER>
<ACCESSION-NUMBER>9999999997-04-027554
<TYPE>ARS
<PUBLIC-DOCUMENT-COUNT>1
<PERIOD>20031231
<FILING-DATE>20040329
<EFFECTIVENESS-DATE>20040329
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>MASTERCARD INC
<CIK>0001141391
<ASSIGNED-SIC>7389
<IRS-NUMBER>134172551
<STATE-OF-INCORPORATION>DE
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>ARS
<ACT>34
<FILE-NUMBER>000-50250
<FILM-NUMBER>04031334
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>2000 PURCHASE STREET
<CITY>PURCHASE
<STATE>NY
<ZIP>10577
<PHONE>9142492000
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>2000 PURCHASE STREET
<CITY>PURCHASE
<STATE>NY
<ZIP>10577
</MAIL-ADDRESS>
</FILER>
<DOCUMENT>
<TYPE>ARS
<SEQUENCE>1
<FILENAME>9999999997-04-027554.paper
<DESCRIPTION>AUTO-GENERATED PAPER DOCUMENT
<TEXT>
This document was generated as part of a paper submission.
Please reference the Document Control Number 04031334 for access to the original document.
</TEXT>
</DOCUMENT>
</SUBMISSION>
