X0202 4 2004-09-30 0000310569 ANHEUSER-BUSCH COMPANIES, INC. BUD 0001168683 SHELTON GENERAL HENRY HUGH 5008 SWINTON DRIVE FAIRFAX VA 22032 1 0 0 0 Common Stock ($1 par value) 2004-10-01 4 J 0 25 50.345 A 3409 D Phantom Stock Units 2004-09-30 4 A 0 81 50.16 A Common Stock 81 338 D Additional shares acquired in lieu of cash for 2004 annual retainer fee pursuant to the Anheuser-Busch Companies, Inc. Non-Employee Director Elective Stock Acquisition Plan. 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). 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. Laura H. Reeves, Attorney-in-Fact for (General U.S. Army (Retired)) Henry Hugh Shelton 2004-10-04