X0303 4 2008-09-30 0000310569 ANHEUSER-BUSCH COMPANIES, INC. BUD 0001183294 LOUCKS VERNON R JR THE AETHENA GROUP, LLC 1101 SKOKIE BLVD., SUITE 240 NORTHBROOK IL 60062 1 0 0 0 Phantom Stock Units 2008-09-30 4 A 0 27 65.125 A Common Stock 27 4730 D Deferred Stock Units 2008-09-30 4 A 0 14 65.125 A Common Stock 14 2440 D 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. Deferred stock units acquired under shareholder approved 2008 Long-Term Equity Incentive Plan for Non-Employee Directors. Award vests one year following date of the award. Settlement of deferred stock units occurs upon death, disability or separation of service and will be made in shares of stock equal to the number of deferred stock units. Laura H. Reeves, Attorney-in-Fact for Vernon R. Loucks, Jr. 2008-10-02