X0201 42003-07-31 0000310569 ANHEUSER BUSCH COMPANIES INC BUD 0001182156 MARTINEZ VILMA S MUNGER, TOLLES & OLSON 355 SOUTH GRAND AVE., 35TH FLOOR LOS ANGELES CA 90071 1000Common Stock562.174DPhantom Stock Units02003-07-314A015352.075ACommon Stock15320599DIncludes shares held in an automatic dividend reinvestment plan.This security converts to common stock on a one-for-one basis.Phantom Stock Units acquired pursuant to the Anheuser-Busch Companies Inc. Deferred Compensation Plan for Non-Employee Directors. Payable in cash triggered by the earliest of the following: (1) the date specified by the reporting person, payable in either a lump sum or equal quarterly installments over a period not to exceed ten (10) years as selected by the reporting person; (2) death, payable in a lump sum; or (3) a Change of Control, payable in a lump sum.JoBeth G. Brown, Attorney-in-Fact for Vilma S. Martinez2003-08-04