X0201 4 2004-02-24 0000310569 ANHEUSER BUSCH COMPANIES INC BUD 0001179831 MUHLEMAN DOUGLAS J ONE BUSCH PLACE ST. LOUIS MO 63118-1852 0 0 0 1 Strategy Committee Member Common Stock ($1 par value) 2004-02-24 4 S 0 7865 53.60 D 20810 D Common Stock ($1 par value) 1115 I By daughter Common Stock ($1 par value) 1115 I By son Common Stock ($1 par value) 9345 I 401(k) plan Phantom Stock Units Common Stock 2039 D In connection with the Rights Agreement adopted by the Company, Preferred Stock Purchase Rights were distributed to shareholders and are deemed to be attached to the shares of Common Stock of the Company listed on this Form. One-quarter of a Preferred Stock Purchase Right is attached to each share of common stock. If and when the Rights become exercisable, the holder of each Right initially would be entitled to purchase one one-hundredth of a share of Series Junior B Participating Preferred Stock at a purchase price of $195 (both the number of fractional shares and the purchase price are subject to adjustment). Based on the latest plan statement as of September 30, 2003. This security converts to Common Stock on a 1-for-1 basis. Anheuser-Busch 401(K) Restoration Plan. Laura H. Reeves, Attorney-in-Fact for Douglas J. Muhleman 2004-02-24