Anheuser-Busch Cos., Inc.

        Anheuser-Busch Declares Quarterly Common Stock Dividend

Patrick Stokes, president and chief executive officer of Anheuser-Busch
Companies, Inc. (NYSE:BUD), today announced that the Board of Directors has
declared a regular quarterly dividend of 22 cents on shares of the company's
outstanding common stock, payable March 9, 2004, to shareholders of record
February 9, 2004.

Based in St. Louis, Anheuser-Busch Companies, Inc., is the world's largest
brewer and one of the largest theme park operators in the United States. The
company is also a major manufacturer of aluminum cans and the world's largest
recycler of aluminum beverage containers.


Anheuser-Busch Companies, Inc., St. Louis
Carlos Ramirez, 314-577-9629