Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
MUHLEMAN DOUGLAS J
   2. Issuer Name and Ticker or Trading Symbol
ANHEUSER-BUSCH COMPANIES, INC. [BUD] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Strategy Committee Member
(Last)
(First)
(Middle)
ONE BUSCH PLACE		 3. Date of Earliest Transaction (Month/Day/Year)
12/01/2004
(Street)

ST. LOUIS, MO 63118-1852		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock ($1 par value) 12/01/2004   M   8,036 A $ 12.4335 28,846 D  
Common Stock ($1 par value) 12/01/2004   F   1,982 D $ 50.415 26,864 D  
Common Stock ($1 par value) 12/01/2004   M   4,425 A $ 16.1681 31,289 D  
Common Stock ($1 par value) 12/01/2004   F   1,420 D $ 50.415 29,869 D  
Common Stock ($1 par value) 12/01/2004   M   5,516 A $ 16.1681 35,385 D  
Common Stock ($1 par value) 12/01/2004   M   39,600 A $ 20.3438 74,985 D  
Common Stock ($1 par value) 12/01/2004   S   45,116 D $ 50.6143 29,869 D  
Common Stock ($1 par value)               1,115 I By daughter
Common Stock ($1 par value)               1,115 I By son
Common Stock ($1 par value)               9,991 (1) I 401(k) plan

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option (Right to Buy) - ISO $ 12.4335 12/01/2004   M     8,036   (2) 12/13/2004 Common Stock 8,036 $ 0 0 D  
Employee Stock Option (Right to Buy) - ISO $ 16.1681 12/01/2004   M     4,425   (3) 12/19/2005 Common Stock 4,425 $ 0 1,755 D  
Employee Stock Option (Right to Buy) - NQ $ 16.1681 12/01/2004   M     5,516   (3) 12/19/2005 Common Stock 5,516 $ 0 0 D  
Employee Stock Option (Right to Buy) - NQ $ 20.3438 12/01/2004   M     39,600   (4) 12/17/2006 Common Stock 39,600 $ 0 5,486 D  
Phantom Stock Units (5)               (6)   (6) Common Stock (6)   2,591 (1) D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
MUHLEMAN DOUGLAS J
ONE BUSCH PLACE
ST. LOUIS, MO 63118-1852		       Strategy Committee Member  

Signatures

 Laura H. Reeves, Attorney-in-Fact for Douglas J. Muhleman   12/03/2004
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Based on the latest plan statement as of September 28, 2004.
(2) The options became exercisable over a three year period beginning on December 14, 1995.
(3) The options became exercisable in three equal annual installments beginning on December 20, 1996.
(4) The options became exercisable over a three year period beginning on December 18, 1997.
(5) Each phantom share represents the value of one actual share of Common Stock.
(6) 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.

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