X0201 42003-11-28 0000310569 ANHEUSER BUSCH COMPANIES INC BUD 0001183424 GONZALEZ CARLOS FERNANDEZ GRUPO MODELO, S.A. DE C.V. CAMPOS ELISEOS NO. 400 PISO 18 LOMAS DE CHAPULTEPEC O5 11000 MEXICO 1000Phantom Stock Units2003-11-284A07752.00ACommon Stock77529DThis 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.Laura H. Reeves, Attorney-in-Fact for Carlos Fernandez Gonzalez2003-12-02