Feedburner wouldn’t let me do that. But now there’s a way you can easily place Adsense ads into your feeds. Placing Adsense into the feed is another way to reach out to your feed subscribers and monetize your blog.
To place Adsense into your feed(s) you’ll have to log into your Adsense account (instead of the Feedburner account). Go to Adsense Setup > Adsense for Feeds. Somewhere at the bottom of this screen you’d have an option to “Move FeedBurner feeds to your Google Account”. You’d be asked to log into your feedburner account and transfer all the feeds.
Once you are done you can select the placement, colors etc. and you’re all set to go. Inserting Adsense into feeds is not something simple like copying and pasting code since the feed does not allow javascript, thus the Adsense iFrame goes missing.
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