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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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<SEC-DOCUMENT>0001181431-06-033547.txt : 20060530
<SEC-HEADER>0001181431-06-033547.hdr.sgml : 20060529
<ACCEPTANCE-DATETIME>20060530120046
ACCESSION NUMBER:		0001181431-06-033547
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20060525
FILED AS OF DATE:		20060530
DATE AS OF CHANGE:		20060530

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MASTERCARD INC
		CENTRAL INDEX KEY:			0001141391
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-BUSINESS SERVICES, NEC [7389]
		IRS NUMBER:				134172551
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		2000 PURCHASE STREET
		CITY:			PURCHASE
		STATE:			NY
		ZIP:			10577
		BUSINESS PHONE:		9142492000

	MAIL ADDRESS:	
		STREET 1:		2000 PURCHASE STREET
		CITY:			PURCHASE
		STATE:			NY
		ZIP:			10577

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			McWilton Chris
		CENTRAL INDEX KEY:			0001362564

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-50250
		FILM NUMBER:		06872723

	BUSINESS ADDRESS:	
		BUSINESS PHONE:		914 249 5313

	MAIL ADDRESS:	
		STREET 1:		MASTERCARD INTERNATIONAL
		STREET 2:		2000 PURCHASE STREET
		CITY:			PURCHASE
		STATE:			NY
		ZIP:			10577-2509
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>rrd119343.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2006-05-25</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001141391</issuerCik>
        <issuerName>MASTERCARD INC</issuerName>
        <issuerTradingSymbol>MA</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001362564</rptOwnerCik>
            <rptOwnerName>McWilton Chris</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>2000 PURCHASE STREET</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>PURCHASE</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>105772509</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>Chief Financial Officer</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Class A Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2006-05-25</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>51822</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                    <footnoteId id="F1"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>51822</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Employee Stock Option (right to buy)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>39.00</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2006-05-25</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>23076</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <footnoteId id="F2"/>
            </exerciseDate>
            <expirationDate>
                <value>2016-05-25</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Class A Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>23076</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>23076</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">Award of restricted stock units</footnote>
        <footnote id="F2">The employee stock options vest in 4 equal annual installments beginning 05/25/2007</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>Ron Llewellyn as attorney in fact for Chris McWilton</signatureName>
        <signatureDate>2006-05-30</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-24.
<SEQUENCE>2
<FILENAME>rrd104304_117098.htm
<DESCRIPTION>POWER OF ATTORNEY FOR CHRIS MCWILTON
<TEXT>
<HTML>
<HEAD>
<TITLE>
rrd104304_117098.html
</TITLE>
</HEAD>
<BODY>
<PRE>
Power of Attorney<p>Know all by these presents, that the undersigned hereby constitutes and<br>appoints each of Noah J. Hanft and Ron Llewellyn,signing singly<br>, the undersigned's true and lawful attorney-in-fact to:<br>1. execute for and on behalf of the undersigned, in the undersigned's <br>capacity as an officer and/or director of MasterCard Incorporated (the <br>"Company"), Forms 3, 4 and 5 in accordance with Section 16(a) of the <br>Securities Exchange Act of 1934 and the rules thereunder and a Form ID<br>application  for access codes to file on EDGAR;<br>2. do and perform any and all acts for and on behalf of the undersigned<br>which may be necessary or desirable to complete and execute any such <br>Form 3, 4, or 5 or Form ID, complete and execute any amendment or <br>amendments thereto, and timely file such form with the United States<br>Securities and Exchange Commission and any stock exchange or similar<br>authority; and <br>3. take any other action of any type whatsoever in connection with the <b
r>foregoing which, in the opinion of such attorney-in-fact may be of <br>benefit to, in the best interest of, or legally required by, the <br>undersigned, it being understood that the documents executed by such<br>attorney-in-fact on behalf of the undersigned pursuant to this Power<br>of Attorney shall be in such form and shall contain such terms and <br>conditions as such attorney-in-fact may approve in such attorney-in-<br>fact's discretion.<br>The undersigned hereby grants to each such attorney-in-fact full power<br>and authority to do and perform any and every act and thing whatsoever<br>requisite, necessary, or proper to be done in the exercise of any of<br>the rights and powers herein granted, as fully to all intents and <br>purposes as the undersigned might or could do if personally present,<br>with full power of substitution or revocation, hereby ratifying and<br>confirming all that such attorney-in-fact, or such attorney-in-<br>fact's substitute or substitutes, shall lawfully do or cause to be<br>do
ne by virtue of this power of attorney and the rights and powers <br>herein granted.  The undersigned acknowledges that the foregoing <br>attorneys-in-fact, in serving in such capacity at the request of <br>the undersigned, are not assuming, nor is the Company assuming, <br>any of the undersigned's responsibilities to comply with Section <br>16 of the Securities Exchange Act of 1934 or the rules thereunder.<br>This Power of Attorney shall remain in full force and effect until <br>the undersigned, after becoming subject to the requirements to file <br>Forms 3, 4 and 5 with respect to the undersigned's holdings of and <br>transactions in securities issued by the Company, ceases to be  <br>subject to those requirements, unless earlier revoked by the <br>undersigned in a signed writing delivered to the foregoing attorneys<br>-in-fact.<br>In witness whereof, the undersigned has caused this Power of <br>Attorney to be executed as of this 11th day of May, 2006.<p>ss/Chris McWilton
</PRE>
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</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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