X0202 4 2004-09-30 0000310569 ANHEUSER-BUSCH COMPANIES, INC. BUD 0001142403 JACOB JOHN E ONE BUSCH PLACE ST. LOUIS MO 63118-1852 1 1 0 0 Ex. VP - Global Communications Common Stock ($1 par value) 2004-06-26 5 G 0 4816 0 D 91448 D Common Stock ($1 par value) 4715 I 401(K) Plan Phantom Stock Units 2004-09-30 4 A 0 57 50.16 A Common Stock 57 11881 D Phantom Stock Units Common Stock 5332 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 latest plan statement as of March 31, 2004. This security converts to Common Stock on a 1-for-1 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. Each phantom share represents the value of one actual share of Common Stock. Represents reporting person's interest in phantom shares of Anheuser-Busch Companies, Inc. resulting from participation in the Anheuser-Busch 401(k) Restoration Plan. Phantom shares have no exercise feature nor any expiration date. Laura H. Reeves, Attorney-in-Fact for John E. Jacob 2004-10-04