FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person * NADAL MILES   2. Issuer Name and Ticker or Trading Symbol MDC PARTNERS INC [MDCA] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director __X__ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Chairman, President & CEO (Last) (First) (Middle) PO BOX N1991, PARADISE ISLAND 3. Date of Earliest Transaction (Month/Day/Year) 12/29/2004 (Street) NASSAU, C5  4. If Amendment, Date Original Filed(Month/Day/Year) 6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Class A Suborindate Voting Shares 12/29/2004   P   800 A $ 10.66 (1) 3,956,694 I These securities are held in trust for Samantha Nadal. Class A Subordinate Voting Shares 12/29/2004   P   800 A $ 10.66 (1) 3,957,494 I These securities are held in trust for Sarah Nadal. Class A Subordinate Voting Shares 12/29/2004   P   1,900 A $ 10.62 (1) 3,959,394 I These securities are held in a Registered Educational Savings Plan ("RESP"). (2) Class A Subordinate Voting Shares 01/04/2005   P   595 A $ 10.82 (3) 3,959,989 I These securities are held in a Registered Educational Savings Plan ("RESP"). (2)

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code (Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date (Month/Day/Year)

7. Title and Amount of Underlying Securities (Instr. 3 and 4)

8. Price of Derivative Security (Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
NADAL MILES PO BOX N1991 PARADISE ISLAND NASSAU, C5	X	X	Chairman, President & CEO

Signatures

Miles Nadal		01/06/2005
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	These securities were purchased in Canadian dollars. In accordance with the requirement to state the price of securities in US$ as per Instruction 5 of Form 4, the purchase price has been converted into US$ at an exchange rate of Cdn$1.2181 to US$1.00.
(2)	The beneficiaries of this RESP are Samantha Nadal and Sarah Nadal.
(3)	These securities were purchased in Canadian dollars. In accordance with the requirement to state the price of securities in US$ as per Instruction 5 of Form 4, the purchase price has been converted into US$ at an exchange rate of Cdn$1.214 to US$1.00.

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