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 *
Castellano Joseph P
   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)
VP - Corporate Human Resources
(Last)
(First)
(Middle)
ONE BUSCH PLACE		 3. Date of Earliest Transaction (Month/Day/Year)
07/28/2006
(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) 07/28/2006   M   4,914 A $ 20.3438 40,879.1168 (1) D  
Common Stock ($1 par value) 07/28/2006   F   2,081 D $ 48.04 38,798.1168 (1) D  
Common Stock ($1 par value) 07/28/2006   M   70,390 A $ 21.6875 109,188.1168 (1) D  
Common Stock ($1 par value) 07/28/2006   M   4,610 A $ 21.6875 113,798.1168 (1) D  
Common Stock ($1 par value) 07/28/2006   F   2,082 D $ 48.04 111,716.1168 (1) D  
Common Stock ($1 par value) 07/28/2006   S   47,690 D $ 47.85 64,026.1168 (1) D  
Common Stock ($1 par value) 07/28/2006   S   1,200 D $ 47.86 62,826.1168 (1) D  
Common Stock ($1 par value) 07/28/2006   S   100 D $ 47.87 62,726.1168 (1) D  
Common Stock ($1 par value) 07/28/2006   S   19,500 D $ 47.88 43,226.1168 (1) D  
Common Stock ($1 par value) 07/28/2006   S   100 D $ 47.89 43,126.1168 (1) D  
Common Stock ($1 par value) 07/28/2006   S   1,500 D $ 47.9 41,626.1168 (1) D  
Common Stock ($1 par value) 07/28/2006   S   100 D $ 47.94 41,526.1168 (1) D  
Common Stock ($1 par value) 07/28/2006   S   200 D $ 47.95 41,326.1168 (1) D  
Common Stock ($1 par value)               12,841.8336 (1) (2) I By spouse
Common Stock ($1 par value)               10,271 (3) I By 401 (K) Plan

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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 $ 20.3438 07/28/2006   M     4,914   (4) 12/17/2006 Common Stock 4,914 $ 0 0 D  
Employee Stock Option (Right to Buy) - NQ $ 21.6875 07/28/2006   M     70,390   (5) 11/25/2007 Common Stock 70,390 $ 0 0 D  
Employee Stock Option (Right to Buy) - ISO $ 21.6875 07/28/2006   M     4,610   (6) 11/25/2007 Common Stock 4,610 $ 0 0 D  
Phantom Stock Units (7)               (8)   (8) Common Stock (8)   2,344 (3) D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Castellano Joseph P
ONE BUSCH PLACE
ST. LOUIS, MO 63118-1852		       VP - Corporate Human Resources  

Signatures

 Laura H. Reeves, Attorney-in-Fact for Joseph P. Castellano   08/01/2006
**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) Includes shares held through Anheuser-Busch Companies, Inc. automatic dividend reinvestment plan.
(2) Beneficial ownership of these shares is disclaimed.
(3) Based on the latest plan statement as of March 31, 2006.
(4) Options became exercisable in three equal annual installments beginning on December 18, 1997.
(5) Options vested as follows: 23,464 on 11/26/1998; 23,463 on 11/26/1999; 23,463 on 11/26/2000.
(6) Options vested as follows: 1,537 on 11/26/1998; 1,537 on 11/26/1999; 1,536 on 11/26/2000.
(7) Each phantom share represents the value of one actual share of Common Stock.
(8) 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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