SECURITIES AND EXCHANGE COMMISSION 
Washington, D.C. 20549 
SCHEDULE 13G

Under the Securities Exchange Act of 1934
 
(Amendment No....) 
..................................... 
....................... 
(Name of Issuer) 
..........MDC Partners Inc.
.............................................. 
(Title of Class of Securities) 
..........Common
..................................... 
(CUSIP Number) 
..........552697104
......................................... 
(Date of Event Which Requires Filing of this 
Statement) 
May 4, 2005
Check the appropriate box to designate the 
rule pursuant to which this Schedule is filed:

[ X] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ ] Rule 13d-1(d)



*The remainder of this cover page shall be filled 
out for a reporting person's initial filing on this form with
 respect to the subject class of securities, and for any 
subsequent amendment containing information which
 would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page
 shall not be deemed to be "filed" for the purpose of Section 
18 of the Securities Exchange Act of 1934 ("Act") or otherwise
 subject to the liabilities of that section of the Act but 
shall be subject to all other provisions of the Act (however,
 see the Notes).


CUSIP No. 552697104

(1)Names of reporting persons. I.R.S. Identification Nos. of
 above persons (entities only)
Goldman Capital Management Inc.

13-3279572

(2) Check the appropriate box if a member of a group
 (see instructions)
(a)
(b)

(3) SEC use only

(4) Citizenship or place of organization
New York
Number of shares beneficially owned by each reporting
 person with:
(5)Sole voting power  1282800

(6)Shared voting power

(7)Sole dispositive power

(8)Shared dispositive power
(9)Aggregate amount beneficially owned by each reporting 
person
1282800
(10)Check if the aggregate amount in Row (9) excludes 
certain shares (see instructions)

(11)Percent of class represented by amount in Row 9
5.6
(12)Type of reporting person (see instructions)
BD




Instructions for Cover Page
(1)Names and I.R.S. Identification Numbers of 
Reporting Persons---Furnish the full legal name 
of each person for whom the report is filed---i.e.,
 each person required to sign the schedule itself---
including each member of a group. Do not include the
 name of a person required to be identified in the 
report but who is not a reporting person. Reporting 
persons are also requested to furnish their I.R.S. 
identification numbers, although disclosure of such
 numbers is voluntary, not mandatory (see "SPECIAL 
INSTRUCTIONS FOR COMPLYING WITH SCHEDULE 13G", below).
(2)If any of the shares beneficially owned by a
 reporting person are held as a member of a group 
and that membership is expressly affirmed, please
 check row 2(a). If the reporting person disclaims
 membership in a group or describes a relationship 
with other person but does not affirm the existence
 of a group, please check row 2(b) [unless it is a
 joint filing pursuant to Rule 13d-1(k)(1) in which
 case it may not be necessary to check row 2(b)].
(3)The third row is for SEC internal use; please 
leave blank.
(4) Citizenship or Place of Organization---Furnish
 citizenship if the named reporting person is a 
natural person. Otherwise, furnish place of 
organization.
(5)-(9), (11)Aggregated Amount Beneficially Owned
 By Each Reporting Person, etc.---Rows (5) through 
(9) inclusive, and (11) are to be completed in 
accordance with the provisions of Item 4 of Schedule
 13G. All percentages are to be rounded off to the 
nearest tenth (one place after decimal point).
(10)Check if the aggregate amount reported as 
beneficially owned in row 9 does not include 
shares as to which beneficial ownership is 
disclaimed pursuant to Rule 13d-4 under the
 Securities Exchange Act of 1934.
(12)Type of Reporting Person---Please classify
 each "reporting person" according to the following
 breakdown (see Item 3 of Schedule 13G) and place 
the appropriate symbol on the form:


Category
Symbol 
Broker Dealer
BD 
Bank
BK 
Insurance Company
IC 
Investment Company
IV 
Investment Adviser
IA 
Employee Benefit Plan or Endowment Fund
EP 
Parent Holding Company/Control Person
HC 
Savings Association
SA 
Church Plan
CP 
Corporation
CO 
Partnership
PN 
Individual
IN 
Other
OO 



Notes:

Attach as many copies of the second part of the cover
 page as are needed, one reporting person per page.

Filing persons may, in order to avoid unnecessary 
duplication, answer items on the schedules (Schedule 
13D, 13G, or 14D-1) by appropriate cross references 
to an item or items on the cover page(s). This 
approach may only be used where the cover page item 
or items provide all the disclosure required by the 
schedule item. Moreover, such a use of a cover page
 item will result in the item becoming a part of the 
schedule and accordingly being considered as "filed"
 for purposes of Section 18 of the Securities Exchange
 Act or otherwise subject to the liabilities of that 
section of the Act.

Reporting persons may comply with their cover page
 filing requirements by filing either completed copies
 of the blank forms available from the Commission,
 printed or typed facsimiles, or computer printed 
facsimiles, provided the documents filed have identical
 formats to the forms prescribed in the Commission's
 regulations and meet existing Securities Exchange Act
 rules as to such matters as clarity and size (Securities
 Exchange Act Rule 12b-12). 





SPECIAL INSTRUCTIONS FOR COMPLYING WITH SCHEDULE 13G 

Under Sections 13(d), 13(g), and 23 of the Securities 
Exchange Act of 1934 and the rules and regulations 
thereunder, the Commission is authorized to solicit
 the information required to be supplied by this 
schedule by certain security holders of certain issuers. 

Disclosure of the information specified in this 
schedule is mandatory, except for I.R.S. 
identification numbers disclosure of which is 
voluntary. The information will be used for the
 primary purpose of determining and disclosing
 the holdings of certain beneficial owners of certain
 equity securities. This statement will be made a matter
 of public record. Therefore, any information given will
 be available for inspection by any member of the public. 

Because of the public nature of the information, the
 Commission can utilize it for a variety of purposes,
 including referral to other governmental authorities
 or securities self-regulatory organizations for 
investigatory purposes or in connection with litigation
 involving the Federal securities laws or other civil, 
criminal or regulatory statues or provisions. I.R.S. 
identification numbers, if furnished, will assist the 
commission in identifying security holders and, therefore,
 in promptly processing statements of beneficial ownership
 of securities. 

Failure to disclose the information requested by this
 schedule, except for I.R.S. identification numbers, may
 result in civil or criminal action against the persons 
involved for violation of the Federal securities laws and
 rules promulgated thereunder. 





General Instructions 
Statements filed pursuant to Rule 13d-1(b) containing
 the information required by this schedule shall be
 filed not later than February 14 following the calendar
 year covered by the statement or within the time specified 
in Rules 13d-1(b)(2) and 13d-2(c). Statements filed pursuant
 to Rule 13d-1(c) shall be filed within the time specified in
 Rules 13d-1(c), 13d- 2(b) and 13d-2(d). Statements filed 
pursuant to Rule 13d-1(d) shall be filed not later than
 February 14 following the calendar year covered by the
 statement pursuant to Rules 13d-1(d) and 13d-2(b).

Information contained in a form which is required to be 
filed by rules under Section 13(f) for the same calendar
 year as that covered by a statement on this schedule may
 be incorporated by reference in response to any of the 
items of this schedule. If such information is incorporated
 by reference in this schedule, copies of the relevant pages
 of such form shall be filed as an exhibit to this schedule.

The item numbers and captions of the items shall be included
 but the text of the items is to be omitted. The answers to 
the items shall be so prepared as to indicate clearly the
 coverage of the items without referring to the text of the 
items. Answer every item. If an item is inapplicable or the 
answer is in the negative, so state.




Item 1.

Item 1(a) Name of issuer: MDC Partners Inc.
Item 1(b) Address of issuer's principal executive offices:
 45 Hazelton Ave., Toronto ON M5R2


Item 2.

2(a) Name of person filing: Goldman Capital Management Inc.
2(b) Address or principal business office or, if none, 
residence:220 East 42nd St. New York NY 10017
2(c) Citizenship: US
2(d) Title of class of securities: Common
2(e) CUSIP No.:552697104


Item 3.

If this statement is filed pursuant to Rules 13d-1(b),
or 13d-2(b) or (c), check whether the person filing is a: 
[X ] Broker or dealer registered under Section 15 of the Act.

[ ] Bank as defined in Section 3(a)(6) of the Act.

[ ] Insurance company as defined in Section 3(a)(19) of 
the Act.

[ ] Investment company registered under Section 8 of the
 Investment Company Act of 1940.

[ ] An investment adviser in accordance with Rule 
13d-1(b)(1)(ii)(E);

[ ] An employee benefit plan or endowment fund in 
accordance with Rule 13d-1(b)(1)(ii)(F); 
[ ] A parent holding company or control person in
 accordance with Rule 13d-1(b)(1)(ii)(G);

[ ] A savings associations as defined in Section 3(b)
 of the Federal Deposit Insurance Act (12 U.S.C. 1813);

[ ] A church plan that is excluded from the definition
 of an investment company under section 3(c)(14) of the 
Investment Company Act of 1940;

[ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J).




Item 4. Ownership

Provide the following information regarding the aggregate
 number and percentage of the class of securities of the 
issuer identified in Item 1. 
Amount beneficially owned: 1282800

Percent of class 5.6

Number of shares as to which such person has:

Sole power to vote or to direct the vote 1282800

Shared power to vote or to direct the vote

Sole power to dispose or to direct the disposition of

Shared power to dispose or to direct the disposition of


Instruction. For computations regarding securities which
 represent a right to acquire an underlying security see
 Rule 13d-3(d)(1). 



Item 5.

Ownership of 5 Percent or Less of a Class. If this statement
 is being filed to report the fact that as of the date hereof
 the reporting person has ceased to be the beneficial owner
 of more than 5 percent of the class of securities, check the
 following [ ].

Instruction. Dissolution of a group requires a response to 
this item. 



Item 6. Ownership of More than 5 Percent on Behalf of Another
 Person

If any other person is known to have the right to receive or 
the power to direct the receipt of dividends from, or the
 proceeds from the sale of, such securities, a statement 
to that effect should be included in response to this item
 and, if such interest relates to more than 5 percent of
 the class, such person should be identified. A listing 
of the shareholders of an investment company registered 
under the Investment Company Act of 1940 or the
 beneficiaries of employee benefit plan, pension fund or
 endowment fund is not required. 
N/A


Item 7. Identification and Classification of the Subsidiary
 Which Acquired the Security Being Reported on by the Parent
 Holding Company or Control Person.

If a parent holding company or control person has filed this
 schedule pursuant to Rule 13d-1(b)(1)(ii)(G), so indicate 
under Item 3(g) and attach an exhibit stating the identity 
and the Item 3 classification of the relevant subsidiary. If
 a parent holding company or control person has filed this 
schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach
 an exhibit stating the identification of the relevant 
subsidiary. 
N/A


Item 8. Identification and Classification of Members of 
the Group

If a group has filed this schedule pursuant to Rule 13d-1(b)
(ii)(J), so indicate under Item 3(j) and attach an exhibit 
stating the identity and Item 3 classification of each member
 of the group. If a group has filed this schedule pursuant to
 Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the
 identity of each member of the group. 
N/A


Item 9. Notice of Dissolution of Group

Notice of dissolution of a group may be furnished as an exhibit
 stating the date of the dissolution and that all further 
filings with respect to transactions in the security reported
 on will be filed, if required, by members of the group, in
 their individual capacity. See Item 5. 
N/A


Item 10. Certifications 
The following certification shall be included if the 
statement is filed pursuant to Rule 13d-1(b):
By signing below I certify that, to the best of my 
knowledge and belief, the securities referred to above
 were acquired and are held in the ordinary course of
 business and were not acquired and are not held for 
the purpose of or with the effect of changing or 
influencing the control of the issuer of the securities
 and were not acquired and are not held in connection with 
or as a participant in any transaction having that purpose
 or effect.
The following certification shall be included if the
 statement is filed pursuant to Rule 13d-1(c):
By signing below I certify that, to the best of my
 knowledge and belief, the securities referred to above
 were not acquired and are not held for the purpose of
 or with the effect of changing or influencing the control
 of the issuer of the securities and were not acquired and
 are not held in connection with or as a participant in any 
transaction having that purpose or effect.




Signature. Neal I Goldman

After reasonable inquiry and to the best of my knowledge
 and belief, I certify that the information set forth in 
this statement is true, complete and correct.


Dated May 5, 2005


Signature Neal I Goldman


Name/Title Neal I Goldman  President



The original statement shall be signed by each person
 on whose behalf the statement is filed or his authorized
 representative. If the statement is signed on behalf of
 a person by his authorized representative other than an
 executive officer or general partner of the filing 
person, evidence of the representative's authority to
sign on behalf of such person shall be filed with the
 statement, provided, however, that a power of attorney
 for this purpose which is already on file with the
 Commission may be incorporated by reference. The name
 and any title of each person who signs the statement 
shall be typed or printed beneath his signature.


Note: Schedules filed in paper format shall include a
 signed original and five copies of the schedule, 
including all exhibits. See Rule 13d-7 for other parties
 for whom copies are to be sent. 



Attention: Intentional misstatements or omissions of 
fact constitute Federal criminal violations 
(see 18 U.S.C. 1001). 



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