X0101 42003-06-30 0000310569 ANHEUSER BUSCH COMPANIES INC BUD 0001180453 TAYLOR ANDREW C 1000Phantom Stock Units02003-06-304A0651.325A1988-08-081988-08-08Common Stock61657DThis security converts to common stock on a one-for-one basis.Transaction reported represents deferrals of phantom stock into the reporting person's account under the Anheuser-Busch Companies, Inc. Deferred Compensation Plan for Non-Employee Directors.Not applicable. Shares of phantom stock are payable in cash pursuant to the terms of the reporting person's election under the Anheuser-Busch Companies, Inc. Deferred Compensation Plan for Non-Employee Directors.Laura H. Reeves, Attorney-in-Fact2003-07-02