Anheuser-Busch Cos., Inc.

        Anheuser-Busch Declares Quarterly Common Stock Dividend

Patrick Stokes, president and chief executive officer of Anheuser-Busch Cos.,
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 December 9, 2003, to shareholders of record November 10,
2003.

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