-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
 UbJ3vUas01F7TbBSJFzQjGWd8T9rTu6aRINQMi+bu6ag+caOfNhiIwAxXuxlJLwO
 tnrquYo69aoVm+9DBBkGjw==

<SEC-DOCUMENT>0001231684-03-000003.txt : 20030611
<SEC-HEADER>0001231684-03-000003.hdr.sgml : 20030611
<ACCEPTANCE-DATETIME>20030611103327
ACCESSION NUMBER:		0001231684-03-000003
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20030610
FILED AS OF DATE:		20030611

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ANCHOR BANCORP WISCONSIN INC
		CENTRAL INDEX KEY:			0000885322
		STANDARD INDUSTRIAL CLASSIFICATION:	SAVINGS INSTITUTIONS, NOT FEDERALLY CHARTERED [6036]
		IRS NUMBER:				391726871
		STATE OF INCORPORATION:			WI
		FISCAL YEAR END:			0331

	BUSINESS ADDRESS:	
		STREET 1:		25 WEST MAIN ST
		CITY:			MADISON
		STATE:			WI
		ZIP:			53703
		BUSINESS PHONE:		6082528700

	MAIL ADDRESS:	
		STREET 1:		PO BOX 7933
		CITY:			MADISON
		STATE:			WI
		ZIP:			53707-7933

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			HELSER MICHAEL W
		CENTRAL INDEX KEY:			0001231684

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-20006
		FILM NUMBER:		03739935

	BUSINESS ADDRESS:	
		STREET 1:		25 W MAIN ST
		CITY:			MADISON
		STATE:			WI
		ZIP:			53703
		BUSINESS PHONE:		608 252 8781

	MAIL ADDRESS:	
		STREET 1:		POST OFFICE BOX 7933
		CITY:			MADISON
		STATE:			WI
		ZIP:			53707-7933
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>edgardoc.xml
<DESCRIPTION>PRIMARY DOCUMENT
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0101</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2003-06-10</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0000885322</issuerCik>
        <issuerName>ANCHOR BANCORP WISCONSIN INC</issuerName>
        <issuerTradingSymbol>ABCW</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001231684</rptOwnerCik>
            <rptOwnerName>HELSER MICHAEL W</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>  </rptOwnerStreet1>
            <rptOwnerStreet2>  </rptOwnerStreet2>
            <rptOwnerCity>  </rptOwnerCity>
            <rptOwnerState>  </rptOwnerState>
            <rptOwnerZipCode>  </rptOwnerZipCode>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>SENIOR VICE PRESIDENT</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeSecurity>
        <securityTitle>
            <value>Common Stock ABCW</value>
        </securityTitle>
        <transactionDate>
            <value>2003-06-09</value>
        </transactionDate>
        <transactionCoding>
            <transactionFormType>4</transactionFormType>
            <transactionCode>M</transactionCode>
            <equitySwapInvolved>0</equitySwapInvolved>
        </transactionCoding>
        <transactionAmounts>
            <transactionShares>
                <value>1000</value>
            </transactionShares>
            <transactionValue>
                <value>6.525</value>
            </transactionValue>
            <transactionAcquiredDisposedCode>
                <value>A</value>
            </transactionAcquiredDisposedCode>
        </transactionAmounts>
        <postTransactionAmounts>
            <sharesOwnedFollowingTransaction>
                <value>154061</value>
            </sharesOwnedFollowingTransaction>
        </postTransactionAmounts>
        <ownershipNature>
            <directOrIndirectOwnership>
                <value>D</value>
            </directOrIndirectOwnership>
        </ownershipNature>
    </nonDerivativeSecurity>

    <derivativeSecurity>
        <securityTitle>
            <value>Incentive Stock Option (right to buy)</value>
        </securityTitle>
        <conversionOrExercisePrice>
            <value>23.77</value>
        </conversionOrExercisePrice>
        <transactionDate>
            <value>2003-06-09</value>
        </transactionDate>
        <transactionCoding>
            <transactionFormType>4</transactionFormType>
            <transactionCode>A</transactionCode>
            <equitySwapInvolved>0</equitySwapInvolved>
        </transactionCoding>
        <transactionAmounts>
            <transactionShares>
                <value>5000</value>
            </transactionShares>
            <transactionValue>
                <value>23.77</value>
            </transactionValue>
            <transactionAcquiredDisposedCode>
                <value>A</value>
            </transactionAcquiredDisposedCode>
        </transactionAmounts>
        <exerciseDate>
            <value>2006-06-09</value>
                <footnoteId id="F1"/>
        </exerciseDate>
        <expirationDate>
            <value>2013-06-09</value>
        </expirationDate>
        <underlyingSecurity>
            <underlyingSecurityTitle>
                <value>Common Stock ABCW</value>
            </underlyingSecurityTitle>
            <underlyingSecurityShares>
                <value>5000</value>
            </underlyingSecurityShares>
        </underlyingSecurity>
        <postTransactionAmounts>
            <valueOwnedFollowingTransaction>
                <value>5000</value>
            </valueOwnedFollowingTransaction>
        </postTransactionAmounts>
        <ownershipNature>
            <directOrIndirectOwnership>
                <value>D</value>
            </directOrIndirectOwnership>
        </ownershipNature>
    </derivativeSecurity>

    <derivativeSecurity>
        <securityTitle>
            <value>Non-Qualified Stock Option (right to buy)</value>
        </securityTitle>
        <conversionOrExercisePrice>
            <value>6.525</value>
        </conversionOrExercisePrice>
        <transactionDate>
            <value>2003-06-09</value>
        </transactionDate>
        <transactionCoding>
            <transactionFormType>4</transactionFormType>
            <transactionCode>M</transactionCode>
            <equitySwapInvolved>0</equitySwapInvolved>
        </transactionCoding>
        <transactionAmounts>
            <transactionShares>
                <value>1000</value>
            </transactionShares>
            <transactionValue>
                <value>23.77</value>
            </transactionValue>
            <transactionAcquiredDisposedCode>
                <value>D</value>
            </transactionAcquiredDisposedCode>
        </transactionAmounts>
        <exerciseDate>
            <value>2003-06-09</value>
        </exerciseDate>
        <expirationDate>
            <value>2005-07-06</value>
        </expirationDate>
        <underlyingSecurity>
            <underlyingSecurityTitle>
                <value>Common Stock ABCW</value>
            </underlyingSecurityTitle>
            <underlyingSecurityShares>
                <value>1000</value>
            </underlyingSecurityShares>
        </underlyingSecurity>
        <postTransactionAmounts>
            <valueOwnedFollowingTransaction>
                <value>17500</value>
            </valueOwnedFollowingTransaction>
        </postTransactionAmounts>
        <ownershipNature>
            <directOrIndirectOwnership>
                <value>D</value>
            </directOrIndirectOwnership>
        </ownershipNature>
    </derivativeSecurity>

    <footnotes>
        <footnote id="F1">Options granted 06-09-03 pursuant to Company's 1995 Stock Incentive Plan and vests 50% 06-09-06 and 50% 06-09-07.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>MICHAEL W HELSER</signatureName>
        <signatureDate>2003-06-10</signatureDate>
    </ownerSignature>

</ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----