The graph to the right and the table below
compare the cumulative total stockholder return
of MasterCard Incorporated Class A common
stock, the S&P 500 Index and the S&P Financial
Index for the period beginning on the close of
trading on the New York Stock Exchange (NYSE)
on May 25, 2006, and ending on the close of
trading on the NYSE on December 31, 2006.
The graph assumes a $100 investment in our
Class A common stock and each of the indices
and the reinvestment of dividends. MasterCard
Incorporated's Class B common stock and Class M
common stock are not publicly traded or listed
on any exchange or dealer quotation system.

| 5/25/06 | 5/06 | 6/06 | 7/06 | 8/06 | 9/06 | 10/06 | 11/06 | 12/06 | |
|---|---|---|---|---|---|---|---|---|---|
| MasterCard Incorporated | 100.00 | 97.70 | 104.35 | 99.72 | 121.52 | 152.93 | 161.29 | 221.47 | 214.37 |
| S&P 500 | 100.00 | 97.12 | 97.25 | 97.85 | 100.18 | 102.76 | 106.11 | 108.13 | 109.65 |
| S&P Financial | 100.00 | 96.32 | 95.72 | 98.10 | 99.23 | 103.37 | 105.88 | 106.54 | 110.65 |