X0202 4 2004-12-01 0000310569 ANHEUSER-BUSCH COMPANIES, INC. BUD 0001179831 MUHLEMAN DOUGLAS J ONE BUSCH PLACE ST. LOUIS MO 63118-1852 0 1 0 0 Strategy Committee Member Common Stock ($1 par value) 2004-12-01 4 M 0 8036 12.4335 A 28846 D Common Stock ($1 par value) 2004-12-01 4 F 0 1982 50.415 D 26864 D Common Stock ($1 par value) 2004-12-01 4 M 0 4425 16.1681 A 31289 D Common Stock ($1 par value) 2004-12-01 4 F 0 1420 50.415 D 29869 D Common Stock ($1 par value) 2004-12-01 4 M 0 5516 16.1681 A 35385 D Common Stock ($1 par value) 2004-12-01 4 M 0 39600 20.3438 A 74985 D Common Stock ($1 par value) 2004-12-01 4 S 0 45116 50.6143 D 29869 D Common Stock ($1 par value) 1115 I By daughter Common Stock ($1 par value) 1115 I By son Common Stock ($1 par value) 9991 I 401(k) plan Employee Stock Option (Right to Buy) - ISO 12.4335 2004-12-01 4 M 0 8036 0 D 2004-12-13 Common Stock 8036 0 D Employee Stock Option (Right to Buy) - ISO 16.1681 2004-12-01 4 M 0 4425 0 D 2005-12-19 Common Stock 4425 1755 D Employee Stock Option (Right to Buy) - NQ 16.1681 2004-12-01 4 M 0 5516 0 D 2005-12-19 Common Stock 5516 0 D Employee Stock Option (Right to Buy) - NQ 20.3438 2004-12-01 4 M 0 39600 0 D 2006-12-17 Common Stock 39600 5486 D Phantom Stock Units Common Stock 2591 D Based on the latest plan statement as of September 28, 2004. The options became exercisable over a three year period beginning on December 14, 1995. The options became exercisable in three equal annual installments beginning on December 20, 1996. The options became exercisable over a three year period beginning on December 18, 1997. 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 Douglas J. Muhleman 2004-12-03